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Action and
Collaboration
2024 Annual Report
PT Bank CIMB Niaga Tbk
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METHOD OF PREPARATION AND ABOUT THE ANNUAL REPORT CIMB Niaga prepared the 2024 Annual Report based on applicable provisions regarding the presentation of information disclosure that must be submitted. This Annual Report consists of several chapters, including highlights of financial and operational data, management reports, company profiles, management analysis and discussion, risk management, business support reviews, and corporate governance reports. DISCLAIMER AND LIMITATION OF LIABILITY Except for historical matters, this Annual Report contains operational, financial, projection, and plan statements, implementation of strategies and policies, and CIMB Niaga’s objectives, all of which are classified as forward-looking statements regarding the implementation of applicable laws and regulations. These statements are subject to risk and uncertainty, and actual performance may differ materially from those predicted. These forward-looking statements are based on various assumptions involving current conditions and include predictions as to future conditions in the business environment in which the Bank operates. CIMB Niaga does not guarantee that documents whose validity has been confirmed will produce the expected results.
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#KEJARMIMPI
Action and Collaboration
Every achievement starts with action.
Through collaboration, synergy, and shared inspiration,
we unlock true potential.
Together with CIMB Niaga, let’s take bold action and collaborate
to shape the future of Indonesia.
2024 Annual Report | PT Bank CIMB Niaga Tbk 1
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Our Strategy
CIMB Niaga implements its winning business strategies based on the 5-Pillar Strategy that is aligned with the Bank’s
vision, mission, and values.
5-PILLAR
Strategy
1 5
2 4
3
Playing to Leverage of
Our Information
Strengths Technology
Expanding the Preservation of
CASA Franchise Capital and Balanced
Risk Culture
Discipline
in Cost
Management
2 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
The Result of 5-Pillar Strategy Implementation
PILLAR 1 PILLAR 2
Retail loans (Consumer and SME) continues to grow fast, with a As one of the strategic priorities, CASA Ratio continues to
contribution to total loans reaching 45.17% in 2024, increasing increase from 59.62% in 2020 to 66.02% in 2024.
from 43.05% in 2020.
(in %) (in %)
43.05 44.74 45.77 45.36 45.17 59.62 61.34 63.57 63.86 66.02
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
PILLAR 3 PILLAR 4a
Improved efficiency with a consistent reduction in Cost to Income Maintaining a solid capital position with a Capital Adequacy
Ratio (CIR) from 48.95% in 2020 to 44.32% in 2024. Ratio (CAR) increasing from 21.92% in 2020 to 23.34% in 2024.
(in %) (in %)
48.95 45.88 44.91 44.83 44.32 21.92 22.68 22.19 24.02 23.34
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
PILLAR 4b PILLAR 5
Significant reduction in gross Non-Performing Loans (NPL) Ratio Commitment to improving customer experience, resulting in an
from 3.62% in 2020 to the lowest level at 1.76% in 2024. increase in transaction contribution via digital channels* from
35.41% in 2020 to 71.04% in 2024.
(in %) (in %)
3.62 3.46 2.80 1.96 1.76 35.41 52.99 66.35 70.19 71.04
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
*
Digital channel includes OCTO Mobile (Mobile Banking) and OCTO Clicks (Internet banking)
2024 Annual Report | PT Bank CIMB Niaga Tbk 3
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Table of Contents
Method of Preparation and Board of Directors’ Profiles 88
16 About The Annual Report
Sharia Supervisory Board Profiles 93
Disclaimer and
Changes in the Composition
Limitation of Liability
of Members of the Board of
Theme 1 Commissioners and Board of
Our Strategy 2 Directors and Reasons for the
Changes 95
Theme Continuity 8
Senior Executives’ Profiles 96
Achievements of Financial Year
2024 10 Number of Employees and
Competency Development Data
Sustainability Performance Statistics 113
Highlights 2024 11
Shareholders Composition 117
Our Digital Initiatives 12
Performance Highlight Chronology of
Issuance and/or Listing of Share 123
32 Performance Chronology of Other Securities
Listings 124
Highlights
Group Structure 125
Financial Data Highlights 18
Subsidiaries, Associations, and
Business and Subsidiaries Joint Venture Companies 127
Operational Highlights 21
List of Business Partnerships 130
Share Highlights 23
Public Accountant and
Bonds, Sukuk, or Convertible Public Accounting Firm 130
Bonds Highlights 25
Capital Market Supporting
2024 Event Highlights 27 Institutions and Professions 131
Access to Bank Data
and Information 131
Management Report Management
Report Website Information 132
Education and/or Training of
64 The Board of Commissioners The Board of Commissioners,
Report 34 Board of Directors, Sharia
The Board of Directors Report 44 Supervisory Board, Committees,
The Sharia Supervisory Board Corporate Secretary and
Report 58 Internal Audit Unit 134
Annual Report Awards and Certifications 142
Responsibility Statement 60
Management
Company Discussion and
Profile Analysis
Company Profile General Company Information 66 Review of 2024 Macro Economy 152
CIMB Niaga At a Glance 67 Business Segment Review 156
150 Name Change Information 69 Corporate Banking 156
Association Membership 69 Treasury and Capital Markets 160
Milestones 70 Transaction Banking 164
Corporate Vision, Mission, Commercial Banking 168
Culture, and Core Values 72
Emerging Business
Corporate Identity (Logo) 74 Banking (EBB) 172
Organization Structure 75 Consumer Banking 175
Business Activities 79 Sharia Banking 186
Business Network and Operational Review
Operating Areas 82 Per Business Segment 193
Board of Commissioners’ Profiles 84
Management Discussion and Analysis
4 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Profitability of Each Business Information on Material
260 Segment 194 Transactions Related to
Financial Review 195 Investment, Expansion,
Divestment, Acquisition,
Strategy in 2024 196 and Restructuring 241
Electronic Network Coverage Material Transactions
Expansion 195 Involving Conflicts of Interest
Statements of Financial and Transactions with
Position 199 Affiliated/Related Parties 242
Consolidated Statements of Derivative and Spot
Profit and Loss and Other Transactions 245
Comprehensive Income 216 Changes in Law and
Cash Flow Statements 223 Regulations with Significant
Risk Management Effect on the Bank and Their
Key Financial Ratios 223
Impact on Financial Report 246
Prime Lending Rate 224
Changes in Accounting
378 Commitments and Contingencies 225 Policies 250
Brief Report of the Subsidiaries 226 Application of the Foreign
Other Material Financial Account Tax Compliance Act
Information 229 (FATCA) & Common Reporting
Standards (CRS) 251
Significant Agreements 234
Marketing Aspects 252
Capital Structure of the Bank 234
Business Prospects 255
Investment Property 235
Business Continuity Information 257
Material Commitment on
Capital Goods Investment 235
Capital Expenditure Risk
Realization in the Last Fiscal
Supporting Business Review Management
Year 235
Comparison of Targets and Risk Management Focus 2024 262
406 Realizations in 2024 236 Risk Management Approach -
Projections for 2025 237 The Framework 264
Dividend Distribution Policy 237 ICAAP (Internal Capital
Adequacy Assessment Process) 270
Long-Term Compensation
Policy 238 Sharia Business Unit (SBU)
Risk Management 272
Realization of the Use of
Proceeds from Public Offering 240 Risk Profile & Soundness Rating
of The Bank and Consolidated 273
Other Important Transactions
in Significant Amounts 240 Integrated Risk Management 273
Material Information and Facts Basel Implementation 274
subsequent to Audit Report 240 Recovery Plan Disclosure 275
Corporate Governance Significant Changes at the Anti Fraud Management (AFM) 277
Bank and the Bank’s Business
Basel II Pillar 3: Disclosure of
Group in the Related Year 240
Capital, Risk Exposure, and
Reported Financial Implementation of Bank Risk
Information Containing Management 279
Extraordinary and Rare Events 240
Capital 283
Provision of Funds,
Leverage Ratio 295
Commitments, and Other
Facilities 241 Credit Risk 298
Significant Prohibition, Market Risk 339
Limitation, and Constraint to Liquidity Risk 346
Transfer Funds Between the
Bank and Other Entities in the Operational Risk 361
Business Group 241 Reputational Risk 367
2024 Annual Report | PT Bank CIMB Niaga Tbk 5
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Compliance Risk 368 Audit Committee 486 Long-Term Compensation Policy 574
Legal Risk 369 Risk Oversight Committee 494 Shares and Bonds Buyback of
Strategic Risk 370 Nomination and CIMB Niaga 575
373 Remuneration Committee 501 Customer Protection Policy 575
Intra-Group Transaction Risk
Integrated Governance Internal Fraud 577
Rate of Return Risk 374
Committee 509 Whistleblowing System 580
Investment Risk 375
Committees at the Board of Strategic Plan of the Bank 583
Remuneration Policy 375 Directors Level 516
Implementation of the ASEAN
Corporate Secretary 523 Corporate Governance
Supporting Internal Audit Unit (IA) 527 Scorecard 583
Business Review Compliance Management Unit 535 Indonesian General Guidelines
Anti-Money Laundering (AML), for Corporate Governance
Human Resources 380 (PUGKI) 584
Counter-Terrorism Financing
Operational and (CTF) and Counter- Proliferation Implementation of Corporate
Information Technology 396 Financing of Weapon of Mass Governance Aspects and
Destruction (CPFWMD) Program 540 Principles for Public Companies
Public Accountant 546 Pursuant to Financial Services
Corporate Authority Provisions 594
Risk Management System 547
Governance Integrated Governance
Internal Control System 552 Implementation Report 598
Implementation of CIMB Niaga’s
Important Cases 554 Sharia Business Unit
Good Corporate Governance 408
Sanction 557 Governance Report 606
Basis, Guidelines and Objectives
of Good Corporate Governance Tax Governance Framework, Transparency of Bad
(GCG) Implementation 410 Management and Control 558 Governance Practices 615
Stages of GCG Implementation 410 Anti-Bribery and Corruption Statement on Implementation of
Policy 558 Good Governance Principles 615
The Interrelation of GCG
Implementation Provision of Funds to Related
with Bank Performance 411 Parties 560
Corporate Social
2024 GCG Quality Improvement 412 Policy for Disclosure of
Information Regarding Share
Responsibility
Milestone of CIMB Niaga’s GCG 413
Ownership of Members of The Corporate Social Responsibility 618
GCG Structure and Mechanism Boards of Directors and Board
of the Bank 414 of Commissioners 561
GCG Implementation Access to Corporate Data and Other Corporate
Assessment 416 Information 561 Data
General Meeting of Goods and Services
Shareholders 419 Procurement Policy 564 Office Network Addresses 620
Board of Commissioners 437 Code of Ethics and Code of
Conduct 566
Independent Commissioner 451 Financial
Board of Directors 452 Corporate Values and Culture 570 Statements
Performance Assessment of Sustainability Concept
Consolidated Financial
the Board of Commissioners Implementation
Statements 631
and Board of Directors 470 in Business Processes 570
Policy on the Diversity of the Sustainability Report
Preparation Framework 571
Board of Commissioners and Reference and
the Board of Directors 474 Provision of Funds for Index Rules/Criteria
Nomination and Remuneration Social and Political Activities 571
Policy 477 Protection of Creditor Rights 572 Attachment to Financial
Services Authority Circular
Ultimate and Controlling Transparency of the Bank’s Letter No. 9/SEOJK.03/2021:
Shareholders 483 Financial and Non-Financial Transparency and Publication of
Affiliated Relationships of The Conditions 572 Conventional Commercial Bank
Board of Commissioners, Sharia Reporting Integrity and Reports 961
Supervisory Board, Board Information Technology SEOJK No. 16/SEOJK.04/2021:
of Directors and Controlling Systems 573 The Form and Content of
Shareholders 484 Annual Report for Issuer and
Conflict Management Policy
Committees at the Board of (Including Insider Trading) 574 Public Company 965
Commissioners Level 486
Dividend Policy 574
6 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
2024 Annual Report | PT Bank CIMB Niaga Tbk 7
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Theme Continuity
20 20 20
20 21 22
Devotion Towards The Rise of Indonesia
Indonesia Indonesia Berdaya
CIMB Niaga believes that Since it was founded, CIMB Niaga Indonesia is a nation with a vigorous
consistency, perseverance and has been determined to present fighting spirit. Thus, owning the
devotion are key attributes to customers with the innovations that ability to remain agile is crucial as
achieving dreams. The Bank will make dreams come true. The Bank it will be passed on as a legacy for
continue to support customers and continues to express its aspirations, future generations.
other stakeholders and through to rise and be creative in building a
innovations in products and services. better Indonesia. Together, let’s create a better future
Working in unison will benefit by holding tight to tradition as
Indonesia. identity. Live the aspirations and turn
dreams into reality with CIMB Niaga.
8 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
20 20
23 24
Kejar Mimpi
Aspiration become
Kejar Mimpi
Inspiration for Indonesia Action and Collaboration
It all began with a sincere heart,
for Indonesia
progressing step by step, crafting
Every achievement starts with action.
ideas and creation to answer the call
of the soul. Through collaboration, synergy, and shared
inspiration, we unlock true potential.
Turning aspirations into inspiration,
creating innovation and positive
changes with CIMB Niaga. Together, Together with CIMB Niaga, let’s take bold
let’s pursue our dreams for action and collaborate to make the dreams of
Indonesia.
Indonesia’s future generations.
2024 Annual Report | PT Bank CIMB Niaga Tbk 9
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Achievements of Financial Year 2024
Consolidated Net Profit Loans
(in trillion Rupiah) (in trillion Rupiah)
Record consolidated net profit of Rp6.8 trillion, an Total loans grew by 6.9% to Rp228.0 trillion, driven
increase of 5.30% compared to 2023 net profit. by strong growth in consumer segment, especially
auto loans and unsecured loans as well as SME
segment.
5.0 6.5 6.8 196.6 213.4 228.0
2022 2023 2024
5.43% 2022 2023 2024
6.9%
Customer Deposit CASA Ratio
(in trillion Rupiah) (in %)
The Bank’s customer deposits increased 10.5% to CASA Ratio increased to 66.02%, expanded by
Rp260.6 trillion driven by a strong growth in CASA. 2.16% from 63.86% previously.
227.2 235.9 260.6 63.57 63.86 66.02
2022 2023 2024
10.5% 2022 2023 2024
2.16%
Cost to Income Ratio (CIR) Gross Non-Performing Loan (NPL)
(in %) (in %)
The cost to income ratio was 44.32%, improved Gross NPL Ratio decreased from 1.96% in 2023 to
from 44.83% in the previous year. a record-low of 1.76% in 2024.
44.91 44.83 44.32 2.80 1.96 1.76
2022 2023 2024
0.51% 2022 2023 2024
0.20%
Capital Adequacy Ratio (CAR) Return on Equity (ROE Tier-1)
(in %) (in %)
Capital Adequacy Ratio (CAR) was 23.34%, Return on Equity (ROE Tier-1) decreased by 0.68%
decreased by 0.68% from 24.02% in the previous to 14.34% from 15.02% previously.
year.
22.19 24.02 23.34 12.59 15.02 14.34
2022 2023 2024
0.68% 2022 2023 2024
0.68%
10 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Sustainability Performance Highlights 2024
Sustainability Commitment
Net Zero Green House Gas Net Zero GHG Phase out thermal No Deforestation,
(GHG) emissions Scope 1 emissions Scope 1, coal mining financing No Peat, No Exploitation (NDPE)
and 2 by 2030 2, and 3 by 2050 by 2040
Sustainable Action
25%
Contribution through
32%
GHG emissions Scope
>31
Waste reduction
renewable energy to total 1 and 2 reduction from (tonnes CO2e)**
energy usage baseline 2019*
Sustainable Business
Rp
59.12 trillion
Sustainable financing
26%
Composition of
±165,000
Average potential GHG
(KKUB) portfolio emissions that can be avoided
KKUB through digital banking
transactions (tonnes CO2e)
Advocacy and Corporate Social Responsibility
Stakeholders Engagement
99 % Training and
empowerment for
272 MSME in Eastern
Impact of the Ayo
Menabung dan Berbagi
program as well as Tour
Customer complaint Indonesia area de Bank (accumulated)
settlement rate
57 % 84%
Female
96,739
Students
16% 1,035
Customer Loyalty (Net
Promoter Score or NPS)
100%
Male Schools
Sustainable finance training
for the Board of Directors and
4%
Participants with
Board of Commissioners disabilities
Potential of waste recycling
2.4
Governance and Risk
from the A Better Climate anD
7
Carbon-intensive sectors with 2030 Environment Program (ABCDE) tonnes
interim decarbonization target: Challenge
>11,400
Sector Palm Oil Potential accumulated
Guidance Power carbon sequestration from
bamboo planted by the Bank
Thermal Coal Mining
tonnes CO2e
Cement
Oil and Gas
Real Estate
Detailed information is disclosed in the 2024 Sustainability Report which is published separately but is an integral part of this
Annual Report.
* With climate change mitigation efforts or the use of renewable energy through the purchase of the Renewable Energy Certificate (REC).
** Reduction of waste or trash is stated as the potential equivalent of GHG emissions that can be avoided through the Zero Waste to Landfill initiative. The calculation method leverages
Graha CIMB Niaga, Griya Niaga Bintaro 1 & 2, Tebet branch, and Gajah Mada branch waste data.
2024 Annual Report | PT Bank CIMB Niaga Tbk 11
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
BizChannel@CIMB
Enjoy convenience,
comfort, and security in
digital transactions for
non-retail customers via
BizChannel@CIMB.
Payables Management Underlying Document Upload
SWIFT Global Payment Innovation BI-Fast
Receivable Management Value Chain
Online FX Transactions Trade Finance
Liquidity Management Biometric Login
The number of financial transactions
A proven safe, reliable
reached 112 million transactions, up
platform for future needs
23.5% from the previous year. The
number of active users rose 5.2%
Development of a new from the previous year.
framework for a partnership
ecosystem
Regionally based platform
for non-retail customers
2024 Annual Report | PT Bank CIMB Niaga Tbk 13
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Performance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Transform Your Vision,
Build a Thriving Business
CIMB Niaga is committed to support your business
journey, offers customized solutions and services
designed to unlock its full potential at every stage.
14 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Good Corporate Corporate Social Corporate Financial
Business Report Governance Responsibilies Data Statement
2024 Annual Report | PT Bank CIMB Niaga Tbk 15
Page 18
01 Performance Highlights
Page 19
Financial Data Highlights 18 Business and Subsidiaries Operational Highlights 21 Share Highlights 23 Bonds, Sukuk, or Convertible Bonds Highlights 25 2024 Event Highlights 27
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Financial Data Highlights
FINANCIAL POSITIONS
(in million Rupiah)
Description 2024 2023 2022 2021 2020
Total Assets 360,220,510 334,369,233 306,754,299 310,786,960 280,943,605
Earning Assets - Net 432,548,988 396,220,269 351,099,533 336,250,284 336,406,803
Loans 228,002,995 213,369,870 196,611,014 181,613,420 174,754,593
Loans - Net 217,349,595 201,322,387 183,413,629 168,477,786 162,829,633
Marketable Securities (Including Securities 25,068,126 14,523,320 6,319,972 11,765,578 11,615,709
Purchased with Agreement to Re-Sell) - Net
Placement with Bank Indonesia and with Other 5,047,695 4,532,988 14,869,794 30,345,785 13,334,150
Banks - Net
Total Liabilities 307,024,183 285,031,862 261,478,036 267,398,602 239,890,554
Customer Deposits 260,639,027 235,861,670 227,188,557 241,348,510 207,529,424
CASA (Current Account Saving Account) 172,067,205 150,632,627 144,425,552 148,042,439 123,723,916
Current Account 91,788,134 73,201,803 70,340,016 75,477,306 55,862,547
Saving Account 80,279,071 77,430,824 74,085,536 72,565,133 67,861,369
Time Deposits 88,571,822 85,229,043 82,763,005 93,306,071 83,805,508
Borrowing and Deposits from Other Banks 14,447,403 8,048,972 5,931,421 5,032,757 3,834,989
Marketable Securities Issued 1,687,452 2,297,702 1,704,938 5,369,228 6,565,604
Subordinated Debts 74,514 155,619 228,311 226,143 224,184
Total Equities 53,196,327 49,337,371 45,276,263 43,388,358 41,053,051
PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
(in million Rupiah)
Description 2024 2023 2022 2021 *
2020
Interest and Sharia Income - Net 13,266,540 13,352,383 13,476,138 13,088,860 12,470,518
Other Operating Income 5,650,996 5,433,137 5,389,583 4,478,657 3,888,007
Total Operating Income 18,917,536 18,785,520 18,865,721 17,567,517 16,358,525
Impairment Losses on Financial and Non- (1,805,250) (2,006,613) (3,813,709) (4,169,888) (5,403,886)
Financial Assets - Net
Other Operating Expenses (8,749,399) (8,583,527) (8,483,650) (8,132,754) (8,100,784)
Net Operating Income 8,362,887 8,195,380 6,568,362 5,264,875 2,853,855
Profit Before Tax 8,728,787 8,357,272 6,579,332 5,337,581 2,947,420
Tax Expenses (1,829,853) (1,805,871) (1,482,561) (1,124,720) (936,166)
Net Income 6,898,934 6,551,401 5,096,771 4,212,861 2,011,254
Other Comprehensive Income After Tax (89,119) 248,796 (904,213) (683,530) 1,278,553
Total Comprehensive Income 6,809,815 6,800,197 4,192,558 3,529,331 3,289,807
Net Income Attributable to:
Owner of Parent 6,825,773 6,474,195 5,041,781 4,214,597 2,012,401
Non-Controlling Interest 73,161 77,206 54,990 (1,736) (1,147)
Total Comprehensive Income Attributable to:
Owner of Parent 6,735,811 6,723,316 4,135,356 3,531,067 3,290,954
Non-Controlling Interest 74,004 76,881 57,202 (1,736) (1,147)
Earnings Per Share - Basic (in Rupiah full amount 271.59 259.45 202.21 169.06 80.72
per Share)
18 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
CASH FLOW STATEMENT
(in million Rupiah)
Description 2024 2023 2022 2021 *
2020
Net Cash Provided from/(Used in) Operating 8,221,937 (1,796,976) (16,360,431) 29,609,510 28,624,928
Activities
Net Cash (Used in)/Provided from Investing (7,727,990) (5,998,437) 5,994,554 (9,043,175) (26,763,211)
Activities
Net Cash (Used in)/Provided from Financing (842,805) 329,226 (4,938,480) (1,773,338) (6,583,642)
Activities
Net (decrease)/increase in cash and cash (145,823) (7,568,533) (14,964,444) 18,977,246 (4,419,475)
equivalents
Cash and cash equivalents, beginning of period 24,483,182 32,051,715 47,016,159 28,038,913 32,458,388
Cash and cash equivalents, end of period 24,337,359 24,483,182 32,051,715 47,016,159 28,038,913
FINANCIAL RATIOS
Description 2024 2023 2022 2021* 2020
I. Capital
Capital Adequacy Ratio (CAR)** 23.34% 24.02% 22.19% 22.68% 21.92%
CAR Tier I 22.25% 22.89% 21.11% 21.61% 20.80%
CAR Tier II 1.09% 1.13% 1.08% 1.07% 1.12%
Fixed Assets to Capital Ratio 17.66% 19.90% 22.44% 21.79% 22.97%
II. Assets Quality
Non Performing Earning Assets to Total Earning 0.94% 1.14% 1.62% 1.90% 2.82%
Assets Ratio
Non-Performing Loan Ratio (NPL) - Gross 1.76% 1.96% 2.80% 3.46% 3.62%
Non-Performing Loan Ratio (NPL) - Net 0.69% 0.71% 0.75% 1.17% 1.40%
Impairment Ratio 4.06% 5.14% 7.09% 6.67% 6.03%
Loan Loss Coverage (LLC) 270.01% 292.11% 242.75% 212.10% 194.33%
Cost of Credit (COC) 0.84% 1.03% 1.85% 2.42% 2.83%
Loan at Risk (LAR) 8.56% 11.23% 15.10% 20.32% 23.64%
III. Profitability
Return On Assets (ROA) 2.53% 2.59% 2.16% 1.88% 1.06%
Return On Equity (ROE)
ROE Shareholders’ Equity 13.54% 14.03% 11.71% 10.21% 5.01%
ROE Tier I 14.34% 15.02% 12.59% 10.73% 5.33%
Net Interest Margin (NIM) 4.09% 4.40% 4.69% 4.86% 4.88%
Non-Interest Income to Total Operating 29.87% 28.92% 28.57% 25.49% 23.77%
Income
Cost to Income Ratio (CIR) 44.32% 44.83% 44.91% 45.88% 48.95%
Operating Expenses to Operating Income (BOPO) 74.02% 71.47% 74.10% 78.37% 89.38%
2024 Annual Report | PT Bank CIMB Niaga Tbk 19
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Description 2024 2023 2022 2021* 2020
IV. Liquidity
Loan to Deposit Ratio (LDR) 86.28% 89.30% 85.63% 74.35% 82.91%
CASA Ratio 66.02% 63.86% 63.57% 61.34% 59.62%
Macroprudential Intermediation Ratio (RIM)
78.39% 78.20% 77.13% 70.69% 82.93%
(Conventional)
Macroprudential Intermediation Ratio (RIM)
113.19% 122.12% 117.42% 86.40% 76.83%
(Sharia Business Unit)
Liquidity Coverage Ratio (LCR) 225.53% 249.58% 230.92% 263.99% 235.17%
Net Stable Funding Ratio (NSFR) 115.62% 114.67% 120.10% 126.27% 119.60%
Liabilities to Equity Ratio 579.67% 579.72% 577.52% 616.29% 583.99%
Liabilities to Assets Ratio 85.29% 85.29% 85.24% 86.04% 85.38%
V. Compliance
a. Legal Lending Limit (LLL) violation percentage
Related parties 0.00% 0.00% 0.00% 0.00% 0.00%
Non-related parties 0.00% 0.00% 0.00% 0.00% 0.00%
b. Legal Lending Limit (LLL) exceeding
percentage
Related parties 0.00% 0.00% 0.00% 0.00% 0.00%
Non related parties 0.00% 0.00% 0.00% 0.00% 0.00%
VI. Statutory Reserve Requirement (SRR)
a. Rupiah Main SRR
Daily 3.26% 5.70% 3.03% 2.96% 2.36%
Average 6.68% 8.97% 9.60% 5.53% 3.16%
b. Foreign currency SRR 4.14% 4.09% 4.04% 4.07% 4.05%
Overall Net Open Position (NOP) 2.09% 3.05% 0.77% 1.22% 1.77%
VII. Other Data
Number of Employees (Including Subsidiaries)*** 12,004 12,060 11,767 12,017 12,899
Operational Profit per Employee (in million 697 680 558 438 221
Rupiah)
Number of Branch Offices (Unaudited)**** 407 412 417 427 451
Number of ATMs (Unaudited) *****
3,265 3,893 4,207 4,481 5,250
*
Business as usual exclude exceptional items
**
After Loan and Market Risk Calculations.
***
Includes members candidates of the Board of Directors who will be effective after obtaining OJK approval and/or fulfillment of the requirements determined in the
OJK approval.
****
Includes Sharia Branch, Digital Lounge, Cash Mobile and Kiosk.
*****
Includes CDM, MDM, and CRM.
20 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Business and Subsidiaries
Operational Highlights
(in trillion Rupiah)
Consumer Banking 2024 2023 2022 2021 2020
Total Customer Deposits 116.9 116.8 105.3 105.0 102.9
- Current Account 1.1 1.0 1.0 1.1 1.2
- Saving Account 74.2 72.3 67.1 66.5 62.0
- Time Deposit 41.6 43.4 37.1 37.4 39.7
Total Loan 75.8 71.8 67.2 60.1 55.1
Non-Interest Income (in billion Rupiah) 3,036 2,706 2,638 2,401 2,017
(in trillion Rupiah)
Corporate Banking 2024 2023 2022 2021 2020
Total Customer Deposits 75.1 61.0 68.8 85.0 55.8
- Current Account 52.3 39.9 42.2 46.9 30.0
- Saving Account 0.1 0.4 2.2 1.3 0.5
- Time Deposit 22.7 20.7 24.4 36.7 25.3
Total Loan 90.5 83.6 74.7 68.5 63.6
Non-Interest Income (in billion Rupiah) 1,219 1,368 1,018 816 692
(in trillion Rupiah)
Commercial Banking 2024 2023 2022 2021 2020
Total Customer Deposits 25.4 21.4 17.9 17.1 20.4
- Current Account 15.2 12.5 9.4 9.6 10.1
- Saving Account 0.7 0.8 0.8 0.9 1.0
- Time Deposit 9.5 8.2 7.6 6.7 9.3
Total Loan 34.5 33.0 31.9 31.8 35.9
Non-Interest Income (in billion Rupiah) 553 509 298 180 174
(in trillion Rupiah)
Transaction Banking 2024 2023 2022 2021 2020
Total Customer Deposits - Cash Management 136.3 110.0 110.6 121.3 90.0
- Current Account 95.7 75.6 75.4 76.8 57.2
- Time Deposit 40.6 34.4 35.2 44.5 32.8
Total Loan – Trade Finance 14.9 11.1 12.6 8.8 7.5
Non-Interest Income (in billion Rupiah) 605 562 573 579 510
(in trillion Rupiah)
Emerging Business Banking (EBB) 2024 2023 2022 2021 2020
Total Customer Deposits 43.2 36.7 35.3 34.3 28.4
- Current Account 23.2 20.1 17.8 17.9 14.6
- Saving Account 5.2 3.9 4.1 3.8 4.4
- Time Deposit 14.8 12.8 13.4 12.6 9.4
Total Loan 27.2 24.9 22.8 21.1 20.2
Non-Interest Income (in billion Rupiah) 416 277 245 189 234
2024 Annual Report | PT Bank CIMB Niaga Tbk 21
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
(in trillion Rupiah)
Sharia Banking 2024 2023 2022 2021 2020
Total Customer Deposits 54.7 44.9 39.5 41.5 29.8
- Current Account 16.7 11.4 8.4 4.5 3.7
- Saving Account 15.6 14.9 11.9 10.8 10.5
- Time Deposit 22.4 18.6 19.3 26.2 15.7
Total Financing 60.3 55.2 47.2 37.0 31.9
Non-Interest Income (in billion Rupiah) 645 538 493 438 335
(in trillion Rupiah)
PT CIMB Niaga Auto Finance 2024 2023 2022 2021 2020
Total Asset 10.8 8.4 6.4 4.9 3.5
Managed Asset/Consumer Financing 13.0 11.3 9.3 7.0 5.5
Profit before tax (in billion Rupiah) 570.5 520.4 424.3 309.7 274.5
(in billion Rupiah)
PT CIMB Niaga Sekuritas 2024 2023 2022 2021 2020
Total Asset 631.1 571.7 292.1 261.5 277.8
Revenue 123.0 32.1 71.9 23.0 17.0
Profit before tax 46.7 (15.1) 8.8 (30.1) (30.2)
22 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Share Highlights
INITIAL PUBLIC OFFERING
PT Bank CIMB Niaga Tbk (formerly PT Bank Niaga) conducted an Initial Public Offering listed on the Indonesia Stock
Exchange, based on the permit of the Minister of Finance of the Republic of Indonesia No. SI-057/SHM/MK.10/1989
dated 2 October 1989. In accordance with the Securities Issuance Agreement and the Agreement between the Securities
Underwriters dated 29 September 1989, the Underwriters approved the issuance of 5,000,000 Registered Common
Shares with a nominal value of Rp1,000 per share at an offering price of Rp12,500 per share.
Lead Underwriters:
PT First Indonesian Finance and Investment Corporation (FICORINVEST); PT Bank Pembangunan Indonesia (BAPINDO);
and PT Merchant Investment Corporation (MERINCORP).
Underwriting Manager:
PT First Indonesian Finance and Investment Corporation (FICORINVEST).
Underwriting Participants:
PT Finconesia; PT Indonesian Finance and Investment Company (IFI); PT Indonesian Investment International (INDOVEST);
PT Inter-Pacific Financial Corporation (Inter-Pacific); PT Multinational Finance Corporation (MULTICOR); PT Mutual
International Finance Corporation (MIFC); PT Private Development Finance Company of Indonesia (PDFCI); PT Usaha
Pembiayaan Pembangunan Indonesia (UPPINDO); PT Aseam Indonesia (ASEAM); and PT Danareksa (Persero).
Supporting Institutions:
Drs. Siddharta & Siddharta as Public Accountant; Notary Office of Kartini Muljadi, SH as Notary in Jakarta; and Tumbuan
& Associates as Legal Advisor.
PT Bank Lippo Tbk, a company that merged into PT Bank CIMB Niaga Tbk effective on 1 November 2008,
conducted an Initial Public Offering based on the permit of the Minister of Finance of the Republic of Indonesia
No. SI-059/SHM/MK.10/1989 dated 2 October 1989. The offering consisted of 6,800,000 Registered Common Shares
with a nominal value of Rp1,000 per share, with an offering price of Rp15,000 per share, and listed on the Indonesia Stock
Exchange.
STOCK TRADING PERFORMANCE
Market
Number of Trading
Highest Price Lowest Price Closing Price Capitalization
Year Quarter Share Volume
(in Rupiah) (in Rupiah) (in Rupiah) (in Trillion
(in Million) (in Million)
Rupiah)
I 2,220 1,705 2,180 25,142 792 55
II 2,140 1,635 1,760 25,142 512 44
2024
III 1,995 1,740 1,880 25,142 465 47
IV 1,935 1,670 1,730 25,142 285 43
I 1,275 1,125 1,270 25,132 327 32
II 1,585 1,240 1,585 25,132 562 40
2023
III 1,790 1,580 1,690 25,132 471 42
IV 1,745 1,640 1,695 25,132 444 43
I 1,115 945 1,115 25,132 556 28
II 1,175 995 1,010 25,132 592 25
2022
III 1,150 990 1,070 25,132 433 27
IV 1,225 1,050 1,185 25,132 337 30
I 1,165 855 995 25,132 1,013 25
II 1,095 880 880 25,132 252 22
2021
III 1,025 890 975 25,132 503 25
IV 1,085 960 965 25,132 503 24
I 975 550 615 25,132 230 15
II 800 595 720 25,132 291 18
2020
III 855 705 720 25,132 558 18
IV 1,085 735 995 25,132 689 25
2024 Annual Report | PT Bank CIMB Niaga Tbk 23
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
STOCK PERFORMANCE
Uraian 2024 2023 2022 2021 2020
Highest Price (in Rupiah) 2,220 1,790 1,225 1,165 1,085
Lowest Price (in Rupiah) 1,635 1,125 945 855 550
Closing Price (in Rupiah) 1,730 1,695 1,185 965 995
Market Capitalization (in Trillion Rupiah) 43 43 30 24 25
Earning Per Share (in Rupiah) 272 259 202 164 81
Book Value Per Share (in Rupiah) 2,117 1,977 1,816 1,740 1,647
P/E (x) 6.5 6.9 6.2 7.3 8.8
P/B (x) 0.8 0.9 0.7 0.6 0.6
STOCK PRICE MOVEMENT
Trading Volume and Closing Share Price During 2020-2024
(in Rupiah) (in million)
2,400 200
2,100 175
1,800 150
1,500 125
1,200 100
900 75
600 50
300 25
- -
Jan Apr Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec
2020 2021 2022 2023 2024
Closing Stock Price (in Rupiah) Transaction Volume (in millions) - right scale
CORPORATE ACTIONS
In 2024, CIMB Niaga undertook a corporate action, namely Capital Increase Without Pre-emptive Rights. While in 2023,
the Bank did not undertake any corporate actions such as stock splits, reverse stock, mergers, stock dividends, bonus
shares, and changes in the nominal value of shares. In 2024 and 2023 the Bank did not issue any Bonds/Sukuk.
TEMPORARY SUSPENSION OF STOCK TRADING AND/OR STOCK DELISTING
Throughout the 2024 and 2023 financial years, CIMB Niaga was never subject to stock trading sanctions in the form of
temporary suspension of stock trading or stock delisting on the Stock Exchange.
24 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Bonds, Sukuk,
or Convertible Bonds Highlights
OUTSTANDING BONDS AND SUKUK
Value Securities Rating
Issuance Tenor (in Maturity Interest
Bonds and Sukuk Series Currency Trustee
Date (Year) billion date Rate
2024 2023 2022
Rp)
Subordinated Bonds 15 7 Rupiah 75 15 10.00% AA AA AA PT Bank
Bank CIMB Niaga III 2018 November November (Pefindo) (Pefindo) (Pefindo) Permata
Series B 2018 2025 Tbk
Shelf Registration Sukuk 27 5 Rupiah 391 27 7.25% AAA(sy) AAA(sy) AAA(sy) PT Bank
Mudharabah I Bank March March (Pefindo) (Pefindo) (Pefindo) Permata
CIMB Niaga Phase III Year 2020 2025 Tbk
2020 Series C
Total Outstanding Bonds & Sukuk 466
MATURED AND PAID OFF BONDS AND SUKUK IN THE PERIOD OF 2023-2024
Value Securities Rating
Issuance Tenor (in Maturity Interest
Bonds and Sukuk Series Currency Trustee
Date (year) billion date Rate
2024 2023 2022
Rp)
Shelf Registration Bond II 20 5 Rupiah 118 20 8.80% AAA AAA AAA PT Bank
Bank CIMB Niaga Phase September September (Pefindo) (Pefindo) (Pefindo) Permata
IV Year 2018 Series C 2018 2023 Tbk
Subordinated Bond III 15 5 Rupiah 75 15 9.85% AA AA AA PT Bank
Bank CIMB Niaga Year November November (Pefindo) (Pefindo) (Pefindo) Permata
2018 Series A 2018 2023 Tbk
Shelf Registration Sukuk 21 5 Rupiah 429 21 8.25% AAA(sy) AAA(sy) AAA(sy) PT Bank
Mudharabah I Bank CIMB August August (Pefindo) (Pefindo) (Pefindo) Permata
Niaga Phase III Year 2019 2019 2024 Tbk
Series C
Shelf Registration Bond III 19 5 Rupiah 481 19 7.80% AAA AAA AAA PT Bank
Bank CIMB Niaga Phase I December December (Pefindo) (Pefindo) (Pefindo) Permata
Year 2019 Series C 2019 2024 Tbk
Shelf Registration Bond I 19 5 Rupiah 83 19 8.05% AA AA AA PT Bank
Bank CIMB Niaga Phase I December December (Pefindo) (Pefindo) (Pefindo) Permata
Year 2019 2019 2024 Tbk
Shelf Registration Sukuk 27 3 Rupiah 287 27 7.00% AAA(sy) AAA(sy) AAA(sy) PT Bank
Mudharabah I Bank CIMB March March (Pefindo) (Pefindo) (Pefindo) Permata
Niaga Phase III Year 2020 2020 2023 Tbk
Series B
Total Matured Bonds & Sukuk 1,473
2024 Annual Report | PT Bank CIMB Niaga Tbk 25
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
CONVERTIBLE BONDS INFORMATION
As of 31 December 2024, CIMB Niaga had not issued any convertible bonds.
COMPANY RATING
Rating Agency Category Rating
Outlook Stable
Counterparty Risk Rating A3/P-2
Bank Deposits Baa1/P-2
Moody’s Investor Service Baseline Credit Assessment Baa3
Adjusted Baseline Credit Assessment Baa1
Counterparty Risk Assessment A3(cr)/P-2(cr)
Issuer Rating Baa1
Outlook Stable
Corporate Rating idAAA
Pefindo Shelf Registration Bond Rating idAAA
Subordinated Bonds idAA
Sukuk Mudharabah idAAA(sy)
26 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
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2024 Event Highlights
KETERBUKAAN INFORMASI KEPADA PEMEGANG SAHAM DISCLOSURE OF INFORMATION TO THE SHAREHOLDERS OF
PT BANK CIMB NIAGA TBK SEHUBUNGAN DENGAN HASIL PT BANK CIMB NIAGA (“THE COMPANY”) IN RELATION TO THE
PELAKSANAAN PENAMBAHAN MODAL TANPA RESULTS OF THE IMPLEMENTATION OF CAPITAL INCREASE
MEMBERIKAN HAK MEMESAN EFEK TERLEBIH DAHULU WITHOUT GRANTING PRE-EMPTIVE RIGHTS
(“PMTHMETD”) (“NON PRE-EMPTIVE RIGHTS ISSUE”)
Keterbukaan Informasi kepada para pemegang saham (“Keterbukaan Informasi”) ini dibuat dan This Disclosure of Information is made and addressed to the Shareholders of PT Bank CIMB Niaga
ditujukan kepada Pemegang Saham PT Bank CIMB Niaga Tbk (“Perseroan”) sehubungan dengan Tbk (the “Company”) in relation to the implementation of the Company’s Non Pre-Empetive Rights
pelaksanaan PMTHMETD Perseroan yang telah disetujui dalam Rapat Umum Pemegang Saham Issue (“NPR”) which was approved in the Third Extraordinary General Meeting of Shareholders
Luar Biasa (“RUPSLB”) Ketiga Perseroan tanggal 11 Januari 2024 dan merupakan satu kesatuan (“EGM”) on 11 January 2024 and is an integral part of the NPR Disclosure of Information which was
dengan Keterbukaan Informasi PMTHMETD yang telah diumumkan oleh Perseroan pada tanggal announced by the Company on 24 August 2023, 5 October 2023, and 24 January 2024.
24 Agustus 2023, 5 Oktober 2023, dan tanggal 24 Januari 2024. This Disclosure of Information can also be accessed on the Company’s website, the Stock Exchange
Keterbukaan Informasi ini dapat diakses pula di situs web Perseroan, situs web Bursa Efek, dan Surat website, and the Investor Daily Newspaper on 1 February 2024.
Kabar Investor Daily pada tanggal 1 Februari 2024.
If you are having difficulty understanding the information set out in this Disclosure of Information or are
Jika Anda mengalami kesulitan untuk memahami informasi sebagaimana tercantum dalam hesitant in making a decision, you should consult with securities broker, investment manager, legal
Keterbukaan Informasi ini atau ragu-ragu dalam mengambil keputusan, sebaiknya Anda berkonsultasi advisor, public accountant or other professional advisors.
dengan perantara pedagang efek, manajer investasi, penasihat hukum, akuntan publik atau penasihat
profesional lainnya.
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
Berkedudukan di Jakarta Selatan, Indonesia Domiciled in South Jakarta, Indonesia
Kegiatan Usaha Utama: Business Activities:
Bergerak dalam bidang usaha Jasa Perbankan Engaged in the Banking Services Business
Kantor Pusat: Head Office:
Graha CIMB Niaga Graha CIMB Niaga
Jl. Jend. Sudirman Kav. 58 Jl. Jend. Sudirman Kav. 58
Jakarta Selatan 12190, Indonesia South Jakarta 12190, Indonesia
Tel. 021 – 250 5252 Phone. +62 21 – 250 5252
E-mail: corporate.secretary@cimbniaga.co.id Email: corporate.secretary@cimbniaga.co.id
Situs web: www.cimbniaga.co.id Website: www.cimbniaga.co.id
Direksi dan Dewan Komisaris Perseroan, baik secara sendiri-sendiri maupun bersama-sama, The Board of Directors and Board of Commissioners of the Company, whether individually or jointly,
bertanggung jawab sepenuhnya atas kebenaran, kelengkapan informasi sebagaimana diungkapkan bear full responsibility for the accuracy and completeness of information as disclosed in this Disclosure
di dalam Keterbukaan Informasi ini dan setelah melakukan penelitian secara seksama, menegaskan of Information. Following a thorough assessment, The Board of Directors and Board of Commissioners
bahwa informasi yang dimuat dalam Keterbukaan Informasi ini adalah benar dan tidak ada fakta confirm that the information contained in this Disclosure of Information is true and that there are no
penting material dan relevan yang tidak diungkapkan atau dihilangkan sehingga menyebabkan important, material and relevant facts that are not disclosed or omitted to the extent that it would render
informasi yang diberikan dalam Keterbukaan Informasi ini menjadi tidak benar dan/atau menyesatkan. the information provided in this Disclosure of Information incorrect and/or misleading.
Keterbukaan Informasi ini diterbitkan di Jakarta pada tanggal 1 Februari 2024. This Disclosure of Information is published in Jakarta on 1 February 2024.
Perseroan dengan ini mengumumkan bahwa Perseoan telah melaksanakan PMTHMETD sebagai berikut: The Company hereby announces that the Company has implemented NPR as follows:
1. Tanggal pelaksanaan PMTHMETD : 31 Januari 2024 1. The exercise date of NPR : 31 January 2024
2. Tanggal pencatatan saham baru pada : 1 Februari 2024 2. The listing date of new shares on the : 1 February 2024
Bursa Efek Indonesia Indonesia Stock Exchange
3. Jumlah saham baru yang diterbitkan : 10.599.000 saham dengan nilai nominal Rp50,- per
saham 3. The number of new shares issued : 10,599,000 shares with nominal value of Rp50,- per
share
4. Harga pelaksanaan PMTHMETD : Rp1.575,- per saham
5. Jumlah saham ditempatkan dan disetor : 25.131.606.843 saham 4. The exercise price of NPR : Rp1,575,- per share
Perseroan sebelum PMTHMETD 5. The Company’s issued and paid-up : 25,131,606,843 shares
6. Jumlah saham ditempatkan dan disetor : 25.142.205.843 saham shares before NPR
Perseroan setelah PMTHMETD 6. The Company’s issued and paid-up 25,142,205,843 shares
7. Pihak yang melakukan pengambilan : 1. Lo Kheng Hong shares after NPR :
bagian dalam PMTHMETD 2. Dendy Soerjono
7. The Investors participating in the 1. Lo Kheng Hong
: 2.
8. Rencana penggunaan dana : Seluruh dana yang diperoleh dari PMTHMETD akan NPR Dendy Soerjono
PMTHMETD digunakan untuk pembiayaan ekspansi kegiatan
usaha dalam bentuk penyaluran kredit di seluruh 8. The utilization plan of NPR proceeds : All proceeds of the NPR will be used to finance business
segmen bisnis Perseroan, diantaranya termasuk expansion in the form of lending to all of the Company's
segmen Konsumer, Korporat, Komersial, dan UKM business segments, including the Consumer, Corporate,
Commercial, and SME segment, both conventional
baik perbankan konvensional maupun perbankan banking and sharia banking, but excluding Subsidiary
syariah, namun tidak termasuk Perusahaan Anak. Companies.
9. Dampak pelaksanaan PMTHMETD : Persentase kepemilikan saham masing-masing
pemegang saham Perseroan akan mengalami 9. The impact regarding the NPR : The share ownership percentage of each shareholder
penurunan (dilusi) kepemilikan saham secara of the Company will experience a proportional decrease
(dilution) of share ownership according to the number of
proporsional sesuai dengan jumlah saham baru yang new shares issued, namely a maximum of 0.04% (zero
diterbitkan yaitu sebanyak-banyaknya 0,04% (nol point zero four percent) after NPR
koma nol empat persen) setelah PMTHMETD.
Perseroan telah mendapatkan surat Persetujuan Pencatatan Saham Tambahan dari PT Bursa Efek The Company has received the Additional Share Listing Approval Letter from Indonesia Stock Exchange
Indonesia No. S-01142/BEI.PP1/01-2024 tanggal 30 Januari 2024. (PT Bursa Efek Indonesia) No. S-01142/BEI.PP1/01-2024 dated 30 January 2024.
Demikian pengumuman ini dibuat dalam rangka memenuhi ketentuan Pasal 43B Peraturan Otoritas Jasa This announcement is made in compliance with the article 43B of the Financial Services Authority
Keuangan No. 14/POJK.04.2019 tentang Perubahan atas Peraturan Otoritas Jasa Keuangan No. 32/ Regulation No. 14/POJK.04.2019 concerning Amendments to the Financial Services Authority Regulation
POJK.04/2015 tentang Penambahan Modal Perusahaan Terbuka Dengan Memberikan Hak Memesan Efek No. 32/POJK.04/2015 concering on the Capital Increase of Public Company with the Issuance of Pre-
Terlebih Dahulu. emptive Rights.
Informasi Lebih Lanjut Additional Information
Untuk memperoleh informasi tambahan sehubungan dengan Transaksi, Pemegang Saham Perseroan To obtain additional information in connection with the Transaction, the Company’s Shareholders may
dapat menyampaikannya kepada Corporate Secretary Perseroan, pada setiap hari dan jam kerja Perseroan submit it to the Company’s Corporate Secretary, every day and during working hours of the Company at
pada alamat tersebut di bawah ini: the address below:
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
Graha CIMB Niaga Graha CIMB Niaga
Jl. Jend. Sudirman Kav. 58 Jl. Jend. Sudirman Kav. 58
Jakarta Selatan 12190, Indonesia South Jakarta 12190, Indonesia
Tel. 021 – 250 5252 Phone. +62 21 – 250 5252
E-mail: corporate.secretary@cimbniaga.co.id Email: corporate.secretary@cimbniaga.co.id
Situs web: www.cimbniaga.co.id Website: www.cimbniaga.co.id
Jakarta, 1 Februari 2024 Jakarta, 1 February 2024
Direksi The Board of Directors
Ukuran : 6 kolom x 260 Media : Investor Daily Tgl. muat : 1 Februari 2024
2024 31 January – 1 February 2024
City Centric Activation Non Pre-emptive Rights (NPR) Issuance
Throughout 2024, CIMB Niaga ran a series of community- CIMB Niaga conducted Non Pre-emptive Rights Issuance
empowerment and educational support programs to promote (NPR) or private placement at the end of January 2024. The
banking solutions across Indonesia. Some of the key events shares issued from the NPR were listed in Indonesia Stock
were Ngobrol Bisnis (Ngobiz) which supported more than 1,500 Exchange (IDX) on 1 February 2024 with a total of 10,599,000
business entrepreneurs through talk shows in 13 cities; Kejar new shares issued at a nominal price of Rp50 per share and an
Mimpi Talks and Kejar Mimpi Goes to School, which focused NPR price of Rp1,575 per share.
on youth education and provided assistance in 35 schools;
and Konser Kejar Mimpi untuk Indonesia in Samarinda and
Batam. Additionally, 45 Brand Collaboration events were also
organized to build partnerships in literacy, arts, culinary, and
MSME development.
3 April 2024 April – July 2024
Annual General Meeting of Shareholders Kejar Mimpi Rising Start: Make Your Dreams
(AGMS) Come True on the ASEAN Platform
CIMB Niaga held AGMS 2024 on 3 April 2024 at Graha Kejar Mimpi Rising Start is a program initiated by CIMB Niaga
CIMB Niaga Jakarta. It was attended by Bank management to find talented singers across the ASEAN region. This program
(including Board of Directors), Board of Commissioners, Sharia aligns with CIMB Niaga’s brand promise, “KEJAR MIMPI,” with
Supervisory Board and CIMB Niaga Shareholders. the aim of helping young people manifest their dreams of
becoming professional singers and future stars who can bring
pride to their respective nations on the ASEAN stage.
2024 Annual Report | PT Bank CIMB Niaga Tbk 27
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
7 June 2024 24 August 2024
OPeRA 2023 Kejar Mimpi untuk Indonesia Concert
CIMB Niaga held The OPeRA 2023 event with the theme The Kejar Mimpi untuk Indonesia Concert is a loyalty program for
“Inspirasi Jadi Prestasi” (Inspiration becomes Achievements) to customers and other stakeholders that was held at Tjolomadoe,
honor hundreds of employees with outstanding achievements Surakarta, on 24 August, 2024. The vibrant performance
throughout 2023. There were various categories such as the featured a collaboration between composer Andi Rianto, the
Sales Award, CX Award, Cross Sell Award, Collection Award, Magenta Orchestra, and inspiring Indonesian artists, witnessed
and Innovation Award. by thousands of customers and invited clients.
This year’s concert also ignited the spirit of patriotism in line
with Indonesia’s 79th Independence Day celebrations. With the
theme “Jelajah Pesona Nusantara” (Exploring the Charms of
the Archipelago), the concert showcased Indonesia’s beauty
through audiovisuals and wardrobe.
4 September 2024 26 September 2024
National Customer Day 69th Anniversary
Consumer Banking Director Noviady Wahyudi and Senior All members of the Board of Commissioners, the Board
Leaders attended the “Ramah Tamah Management CIMB Niaga Management Committee (BMC), and employees gathered to
Bersama Nasabah” event to commemorate National Customer celebrate CIMB Niaga’s 69th anniversary. The celebration was
Day (Harpelnas) 2024 (4 September, 2024), held at the CIMB attended by all CIMB Niaga Staff from across Indonesia both
Niaga Alam Sutera Branch. Harpelnas 2024 carried the theme online and offline at the Graha CIMB Niaga and via ZOOM.
“Work From Heart” to strengthen the implementation of
Customer Centricity. In line with the celebration theme “Aksi dan Kolaborasi,”(Actions
and Collaborations) the event featured a flash mob
On the same occasion, Chief of Network & Digital Banking performance by EPICC ambassadors from 3 headquarters in
Budiman Tanjung also attended the event at the CIMB Niaga Jakarta and was also presented awards to employees who have
Jayapura Branch. dedicated 30 years of service to CIMB Niaga.
Jakarta (26 September 2024), Surabaya (17 October 2024), Jakarta (27-29 September 2024),
Medan (21 November 2024) Surabaya (19-20 October 2024), Medan (23-24 November 2024)
Wealth Xpo Xtra Xpo
Wealth Xpo is one of CIMB Niaga’s signature events, a full-day In celebration of CIMB Niaga’s 69th Anniversary, CIMB Niaga
event in 2024 that combines an exhibition, talk shows, a gala once again presented its signature event, XTRA XPO which was
dinner and a music performance, which aims to increase public first introduced in 2016. Held in Jakarta, Surabaya, and Medan,
awareness of financial management while introducing various XTRA XPO 2024 has become an iconic moment for CIMB Niaga
characteristics of investment and protection products. to introduce the latest version of its flagship loyalty program, Poin
Xtra. The program is equipped with various features that make
it even easier for customers to use reward points, whether for
daily needs or other experiences. The Poin Xtra is a reflection of
company’s commitment to support customers at every step of their
financial journey.
28 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
2-4 October 2024 Malang (16 October 2024), Medan (22 November 2024)
The Cooler Earth Sustainability Series 2024 Kejar Mimpi Wealth Fest
CIMB Niaga strengthens its commitment to sustainability The Kejar Mimpi Wealth Fest (KMWF) 2024 is one of CIMB
through the initiative The Cooler Earth (TCE), which encourages Niaga’s signature events, designed to raise awareness of
collective action to create a responsible society and a more financial literacy among university students while introducing
livable planet. This is carried out, among other ways, through modern financial solutions that align with the needs of the
the TCE Sustainability Series 2024 held from 2-4 October, younger generation. Kejar Mimpi Wealth Fest 2024 reached
2024, in Jakarta. Throughout 2024, TCE initiatives in Indonesia 1,567 college students through a series events in Jakarta,
have reached over 11,000 audiences across 17 cities through Surabaya, and Bandung.
more than 30 activities.
3-6 November 2024
13 December 2024
15 November 2024
Haya Fest Lifestyle Bazaar & Syukuran Akhir Tahun 2024
Lifestyle music Performance
As a gesture of gratitude and commemorations for the
Haya Fest is an event that supports the brand development and achievements attained throughout 2024, all employees of
business acceleration of CIMB Niaga Syariah. Haya Fest “Bersama CIMB Niaga and its subsidiaries, CNAF and CNS, gathered at
Bercahaya” (Together We Shine) collaborates with several Gelora CIMB Niaga Bintaro. The management also presented
institutional partners to provide an integrated experience for various strategic programs for 2025 to both online and offline
customers through a variety of content and activities, including employees, including initiatives to celebrate CIMB Niaga’s 70th
talk shows, social media competitions, bazaars, and special music anniversary in the upcoming year
performances featuring top musician Judika and the winners of
Kejar Mimpi Rising Start.
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Fostering Sustainability,
Cultivating a Harmonious Life
CIMB Niaga strives to balance economic growth and
environmental preservation through eco-friendly
financial solutions. Together, let’s create a sustainable
future for our planet.
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02 Management Report
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The Board of Commissioners Report 34 The Board of Directors Report 44 The Sharia Supervisory Board Report 58 Annual Report Responsibility Statement 60
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The Board of Commissioners Report
Didi Syafruddin
Yahya
President Commissioner
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Understanding the macroeconomic and industry developments
throughout 2024, we acknowledge that CIMB Niaga faced increasing
challenges. Nevertheless, the Board of Commissioners observed that the
Board of Directors successfully demonstrated solid strategic leadership.
Dear Shareholders and Stakeholders, leading to a regression in economic growth recovery
Throughout 2024, we have fulfilled our duties and despite an increasingly wider adoption of monetary
responsibilities in overseeing the performance of the easing since that specific point of the year. A weakening
Board of Directors. This year, we focused on the Board’s economic trend has compelled many of the countries
efforts to enhance competitiveness and strengthen to turn to fiscal expansion as an economic stimulus to
the Bank’s strategies to achieve performance growth avoid further contractions, a policy they had resorted to
amidst economic challenges, digital transformation, during the 2020-2021 pandemic. As uncertainty grew,
and sustainability aspects. As a result, we successfully competition in international financial markets intensified
recorded various performance improvements in both and threatened that interest rate cuts might be held
operational and financial aspects. back for longer. Growing uncertainty also led to a global
inclination towards investing in safe-haven assets such as
Through this Annual Report, we will elaborate on gold and the US dollar, which saw a record high in 2024.
how we have discharged our duty to oversee the
Bank’s performance in accordance with its Articles of In our view, Indonesia’s economic growth remained strong
Association and General Meeting of the Shareholders amidst external turbulence, with inflation maintained
(GMS)’s direction, which the Board of Directors followed within the target range and a resilient financial sector.
throughout the programs of 2024. We will also provide Indonesia’s economic growth continued to be resilient,
an assessment of the Board of Directors’ performance supported by domestic demand and exports. Meanwhile,
throughout the fiscal year, which will include operations macroeconomics and external stability were preserved,
and finances, the execution of the Bank’s strategy, with inflation within the 2024 target range and a well-
the Board of Directors’ business outlook, and the maintained balance of payments, with Indonesia’s
implementation of corporate governance. foreign exchange reserves above international adequacy
standards. On the fiscal side, the government managed
MACRO ECONOMICS 2024 to keep the current account deficit below 3% with
The divergence in global economic growth and the disciplined and prudent fiscal policies. For the same
uncertainty in global financial markets continued purpose, Bank Indonesia proceeded with its monetary
throughout 2024, amidst various economic upheavals, policy to keep the exchange rate stable and contain
financial market turbulence, and global political inflation amidst growing global economic turmoil.
conflicts, including the prospect of more restrictive U.S.
trade policies. Overall, global economic growth in 2024 Throughout 2024, banking industry loan growth recorded
slowed slightly from the previous year’s readings due an increase of 10.39%, driven by investment loan, which
to regressing economic development in some major grew significantly by 13.62%, followed by consumer loan
developing countries, particularly China. The tight at 10.61%, while working capital loan grew by 8.35%.
interest rate policy adopted by many countries since 2023 Meanwhile, asset quality remained stable with a gross
to deal with soaring inflation continued until mid-2024, NPL ratio of 2.08%. Loan at Risk (LaR) also showed an
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improving trend to 9.28%. On the other hand, customer In maintaining sustainable growth, the Bank continues
deposits grew by 4.48%, with current accounts, savings, to ensure a strong capital position, as indicated by the
and time deposits growing by 3.34%, 6.78%, and 3.50%, Bank’s Capital Adequacy Ratio (CAR) of 23.34% in 2024.
respectively. Banking resilience was maintained with a This achievement strengthened financial stability and
capital adequacy ratio (CAR) of 26.68%. provided ample room for future business expansion.
BOARD OF DIRECTORS’ PERFORMANCE Furthermore, in terms of financial performance, we
ASSESSMENT commend the Board of Directors for successfully leading
Understanding the macroeconomic and industry CIMB Niaga to record an operating income of Rp18.9
developments throughout 2024, we acknowledge that trillion, an increase of 0.70% compared to the previous
CIMB Niaga faced increasing challenges. Nevertheless, year’s Rp18.8 trillion, and a consolidated net profit of
the Board of Commissioners observed that the Board Rp6.8 trillion, an increase of 5.43% compared to the
of Directors successfully demonstrated solid strategic previous year’s Rp6.5 trillion.
leadership.
OVERSIGHT OF BANK STRATEGY AND POLICY
We discern that from our periodic oversight of the Board FORMULATION AND EXECUTION
of Directors’ performance as they worked to realize the The Board of Commissioners, together with the Board of
stated targets in the Bank’s Business Plan (RBB). Our Directors, and all CIMB Niaga personnel, has responded
assessment further suggests that the Board of Directors admirably to the challenges faced throughout 2024. The
has done a great job making quick adaptations and Board of Commissioners was also actively involved in
proper responses to sustain the Bank’s performance. overseeing the implementation of the Bank’s Business
The Board of Directors has also fulfilled its duties and Plan (RBB) targets, from the initial formulation to the
responsibilities satisfactorily and responded well to the implementation of the Bank’s strategies and policies.
economic challenges throughout 2024. This can be seen
in the RBB targets they achieved, which were submitted Supervision of the formulation and implementation of the
to the Financial Services Authority (OJK). Bank’s strategies and policies was carried out through
regular meetings of the Board of Commissioners with the
Our assessment of the Board of Directors’ performance is Board of Directors. Additionally, supervision and review
based on several factors, including CIMB Niaga’s success of strategies were conducted through reports submitted
in maintaining solid financial performance and ensuring by the Committees under the Board of Commissioners or
profitable growth throughout 2024 while consistently through other written communication channels.
adhering to prudent principles. This is evidenced by the
improvement in the Bank’s asset quality, marked by a We believe that the Board of Directors has effectively
decrease in the gross Non-performing Loan (NPL) ratio implemented the Bank’s strategies and policies, with a
from 1.96% in December 2023 to 1.76% in December focus on the 5-Pillars Strategy, which consist of 1) Playing
2024, and a significant decline in the Loan at Risk (LAR) to Our Strengths, 2) Expanding the CASA Franchise,
from 11.24% in December 2023 to a single digit of 8.56% 3) Discipline in Cost Management 4) Preservation of
in December 2024. Capital and Balanced Risk Culture, and 5) Leverage of
Information Technology. We saw that, by the end of the
Overall loan growth reached 6.86%, driven by an year, the five pillars had assisted the Board of Directors in
increase of 9.10% in the Emerging Business Banking responding to the challenges and needs as they worked
(EBB) segment, 8.29% in the corporate segment, 5.44% to achieve the Bank’s business goals.
in the consumer segment, and 4.62% in the commercial
segment. Furthermore, we provided the Board of Directors with
recommendations on the formulation and implementation
The Bank also delivered positive achievement on the of the Bank’s strategies and policies throughout the year,
funding side, with a noticeable increase in the CASA ratio both directly and through the Committees under the
from 63.86% in December 2023 to 66.02% in December Board of Commissioners. Our active role in exercising
2024. Customer deposits grew by a more robust 10.51%, our oversight role is supported by effective cooperation
with CASA experiencing a higher growth of 14.23%, with the Board of Directors, which has once again enabled
reflecting the successful execution of the Bank’s low- CIMB Niaga to achieve sustainable performance growth.
cost fund-deepening strategy.
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HOW WE VIEW THE BOARD OF DIRECTORS We have observed that with the Board of Directors’
BUSINESS PROSPECTS commitment and achieved performance in the
Looking ahead, global economic growth in 2025 is sustainability aspect, CIMB Niaga can maintain its
expected to continue its decline, with uncertainty leadership in sustainability and climate change mitigation
remaining high. With global monetary policy in 2025 measures. CIMB Niaga officially elected by OJK to
anticipated to continue the easing cycle and the new U.S. conduct the pilot project of Climate Risk Management and
administration’s fiscal policy predicted to prioritize the Scenario Analysis (CRMS) and submitted relevant reports
domestic economy, global economic growth in 2025 is to the OJK in July 2024. The pilot project covered the
projected to slow down to 3.3% (Source: IMF). Climate Scenario Analysis (CSA) model and methodology
used for implementing the initial climate risk assessment.
Meanwhile, domestic economic growth is expected to The Bank has also submitted the initial report of the
remain quite resilient, amidst several risks that need to Taxonomy for Sustainable Finance Indonesia (TKBI).
be watched, such as commodity price volatility, slowing
growth of major trading partner countries, and spillover Furthermore, we have also seen how the carbon reduction
effects from higher-for-longer conditions in global target set collaboratively by CIMB Niaga and CIMB Group
financial markets. Overall, macroeconomic and banking has never, in any way or another, prevented the Bank from
developments in 2025 show a combination of significant delivering strong growth and sustainability performance.
opportunities in digitalization and challenges related In 2024, 26% of total financing portfolio was financing to
to liquidity and operational costs. We see adaptation to the Sustainable Business Activity Category (KKUB).
change as the key to the Bank’s success in the future.
We further applaud the Board of Directors’ proactive
Having learned the outlook, we believe that the Board initiatives. They have made great effort to adopt
of Directors has devised a realistic business prospect international frameworks and standards, although
with extra care prepared in the Corporate Plan and Bank they have not yet been requested by Indonesia’s
Business Plan (RBB) and the 2024-2028 Sustainable regulations, such as the plan to implement IFRS S1 and
Finance Action Plan (RAKB). This strategy reflects S2. The standards are designed to contribute to a more
the Board of Directors’ commitment to optimizing accountable and transparent sustainability reporting
digitalization opportunities and strengthening risk while assisting stakeholders to understand the impacts
management and internal control while ensuring a and strategies related to sustainability issues and climate
responsible and sustainable business. change and seize the opportunities.
To ensure stability and sustainable growth, we also think Furthermore, the gap analysis conducted by the Bank
that CIMB Niaga should prepare for risks that come up with assistance from reliable third parties shall provide
because of changes in global politics, the economy, and recommendations for improvements that are in line with
the financial markets by implementing a stronger risk the Bank’s commitment towards a more transparent and
management strategy, making the business portfolio credible sustainability disclosure.
stronger, and offering a wider range of products and
services. The Board of Directors’ effort to strengthen sustainability
governance is evident in the updates in sustainability-
SUSTAINABLE FINANCE related documents like the Charters of the Boards of
We are particularly proud of the increasingly strong Commissioners and Directors, Sustainability Policy,
growth and implementation of the Bank’s sustainability Sustainability Procedures, Exclusion List, and Net Zero
and sustainable finance aspects that align with Greenhouse Gas (GHG) Emissions Operations Policy. The
CIMB Niaga’s commitment to implementing the five Bank has also adopted semi-automated technology to
sustainability pillars. advance the Sustainability Due Diligence Form.
To further support CIMB Niaga’s consistency in
implementing the 2024-2028 Sustainable Finance Action
Plan (RAKB), we have been rigorous in our oversight
responsibility to ensure the implementation of the 2024-
2028 RAKB program runs consistently and effectively
across all operational lines of the Bank.
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We are hopeful that the Board of Directors will remain We hope that through our support and supervision, HR
consistent in sustaining or even improving the strong development at the Bank can cultivate an adaptive and
achievements CIMB Niaga delivered this year in more competitive pool of talent who have strong integrity.
years to come and eventually achieve a low-carbon We expect talents to master technical skills and have
economy, Enhanced Nationally Determined Contribution the ability to adapt, lead, and innovate in line with the
(ENDC) and Indonesia Net Zero 2060, as well as the development of the banking industry and customer
Sustainable Development Goals (SDGs), which of course needs. A pool of such talents will enable CIMB Niaga to
is in line with CIMB Niaga’s #SekarangUntukMasaDepan overcome various challenges in the banking industry,
spirit. increase customer satisfaction, and create sustainable
added value for all stakeholders.
HUMAN RESOURCES
As one of the most important assets in achieving the INFORMATION TECHNOLOGY
Bank’s vision, mission, and strategic objectives, we In our assessment, the Board of Directors has
view Human Resources (HR) development as a key implemented an effective strategy in the management
factor in supporting the Bank’s sustainable growth and and development of IT strategies to provide services
competitiveness. Through structured training programs, for both operations and business, which are in line with
technology-based competency development, and customer needs and expectations. We also assess that
leadership capacity building, CIMB Niaga is committed the Board of Directors proactively identify and implement
to developing an adaptive, superior, innovative, and new customer-centric opportunities.
highly integrated HR workforce to support the Bank’s
sustainable growth amidst dynamic changes in the The Bank’s IT also continues to be developed and directed
business environment. at innovative solutions to optimize business potential and
increase customer satisfaction while still being based
In our supervisory role, we see HR development as on the 6 (six) pillars of IT strategy policies that were
an initiative that must remain relevant to the dynamic implemented last year and still continue in 2024 in order
conditions of the banking industry. We support various to support the Bank’s vision and mission. The six pillars
initiatives undertaken by the Board of Directors to are increasing customer base through digital acquisition,
integrate the Company’s values, namely EPICC (Enabling sustainable deposit/CASA growth, differentiate sharia
Talent, Passion, Integrity & Accountability, Collaboration, business, building resilient and future tech, evolve future
Customer Centricity), into the daily behavior and culture operating models, and cyber security resiliency.
of employees.
We saw that CIMB Niaga’s IT had adopted the latest
Internalizing these values is a key foundation for technological developments in 2024, which covered
creating a conducive, productive, compliance-oriented digital technology, Artificial Intelligence, Machine
work environment and good governance. Through these Learning, and Data Analytics, which could provide in-
efforts, employees will not only understand their roles depth insights through big data analysis and help the
and responsibilities, but they can also make optimal Bank understand market trends, customer behaviour,
contributions to the organization’s overall performance. and new business opportunities. This is also supported
by improved cyber security in order to provide intuitive,
As part of our supervisory function, we rigorously monitor reliable, and of course, secure banking services.
the effectiveness of the existing HR development
programs. We encourage the Board of Directors to
continue organizing innovative, measurable training
and skills development programs that are in line with
business needs and market demands. In addition, we
also encourage the creation of clear internal career
opportunities, a transparent appreciation system, and
an objective performance evaluation mechanism so that
employees can grow and perform sustainably.
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VIEW ON THE IMPLEMENTATION OF BANK To run optimally, the WBS is managed by an independent
GOVERNANCE and professional third party, (Deloitte), which provides
We believe that implementing Good Corporate the tools and officers to receive reports and forward
Governance (GCG), commonly known as corporate them to the Bank while serving as a communication
Governance, helps us direct and manage the Bank to liaison between CIMB Niaga and the whistleblower
achieve business progress and accountability. Ultimately, when necessary. Management of the WBS by an
GCG that aligns with best practices will create corporate independent party should encourage all parties to feel
value and shareholder wealth sustainably while more courageous in submitting reports of alleged fraud
considering the interests of other stakeholders. or violations of the code of ethics without fear or worry
and to feel more confident that the Bank will follow up on
We, assisted by the Audit Committee, have overseen the the submitted reports.
implementation of Corporate Governance at Bank Niaga
and assessed that in 2024, corporate Governance was We assume an active role in implementing and supervising
running well across the Bank. We also witnessed that the Bank’s Violation Reporting System. Our active role
through the committee’s periodic reports and our ad-hoc involves signing the Integrity Pact, which contains our
activities, the implementation of corporate Governance commitment to play an active role in efforts to control and
by CIMB Niaga was beyond compliance and contributed prevent fraud and violations of the code of ethics, as well
to helping the Bank deliver that increased customer trust. as the willingness to report to the WBS in the event of
fraud and violations of the code of ethics within the Bank.
The basis for implementing GCG by CIMB Niaga, which is
manifested in the Bank’s daily business practices, refers We also received and reviewed the quarterly reports of the
to the four pillars of Governance aspects: governance Anti-Fraud Management (AFM) Unit as the coordinator of
commitment, governance structure, governance process, the Whistleblowing System through the Audit Committee.
and governance outcome. The Bank’s Governance The reports submitted contained a summary of the
practice has earned appreciation through awards from number of reports received, whether proven or unproven,
competent parties, including the Top 50 GCG Category sanctions given to employees proven to have committed
Big Capitalization Public Listed Companies in Indonesia fraud or violations, and follow-up actions taken by the
and Leadership in Corporate Governance. Having Bank on reported cases. We’ve always given direction for
garnered the award, the Bank has become a successful follow-up improvements to significant issues based on
and reliable company in implementing corporate the WBS reports we received.
Governance while executing sustainability strategies
to add value to businesses and stakeholders. The Bank FREQUENCY AND METHODS OF GIVING
has also become one of the drivers of improved tangible ADVICE TO THE BOARD OF DIRECTORS
actions and commitments in sustainability. Throughout 2024, there were several activities that we
carried out as part of fulfilling our oversight duties and
VIEW ON THE WHISTLEBLOWING SYSTEM the responsibilities of the Board of Commissioners. In line
CIMB Niaga has in place and operates a Whistleblowing with the Articles of Association and to oversee the Bank’s
System (WBS) as a means for external and internal parties management policies carried out by the Board of Directors,
to report alleged violations of governance principles, we gave direction and advice to the Board of Directors,
ethical values, and applicable policies or procedures. including recommendations on the implementation of
Reports submitted in the WBS must always be based on the Bank’s strategic policies, through various forums,
evidence, data, or information that can be accounted for, including our internal meetings, joint meetings of
with good intentions, and in the best interest of the Bank. committees under the Board of Commissioners; Board
of Commissioners working visits, and our joint meetings
with the Board of Directors. In 2024, we had 12 (twelve)
internal meetings, 4 (four) joint meetings with the Board
of Directors, and 3 (three) joint meetings with the Sharia
Supervisory Board.
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ASSESSMENT OF THE PERFORMANCE OF The Integrated Governance Committee also did well in its
SUPPORTING COMMITTEES duties and functions of supervising the implementation
Our supporting committees assist us in discharging our of Governance in each Financial Services Institution (LJK)
duties and responsibilities. These committees include in the CIMB Indonesia Financial Conglomerate, in order to
the Audit Committee, Risk Monitoring Committee, comply with the Integrated Governance Guidelines.
Nomination and Remuneration Committee, and Integrated
Governance Committee. CHANGES IN THE COMPOSITION OF THE
BOARD OF COMMISSIONERS
Throughout 2024, the three committees did well in Throughout 2024, there were 2 (two) changes in the
supporting our oversight functions under their respective composition of the Board of Commissioners as part of a
Charters. The basis for assessing the committees’ strategic effort to strengthen governance, increase the
performance includes, among other things, the effectiveness of supervision, and ensure the sustainability
assessment of the committee’s collegial performance of CIMB Niaga’s growth amidst the dynamics of the ever-
and the individual performance of each member and the growing industry.
chairman of the committee.
Based on the Annual General Meeting of Shareholders
The assessments covered committee structure, (GMS) on 3 April 2024, shareholders approved the
performance achievements during the financial appointment of Mr. Dody Budi Waluyo as an Independent
year, competence, attendance at meetings, and the Commissioner of the Bank and effectively received
effectiveness of the implementation of duties and OJK approval on 21 August 2024. Later in the year, the
responsibilities during the financial year. The Committees Extraordinary GMS on 25 October 2024, approved the
also provided input, suggestions, and recommendations appointment of Mr. Novan Amirudin as a Commissioner
to us in their areas of responsibility. of the Bank and be effective after received OJK approval
on 26 February 2026. Thus, the composition of the CIMB
The Audit Committee did well in supervising several Niaga Board of Commissioners is as follows:
matters related to the quality of financial information,
the effectiveness and adequacy of the internal control Didi Syafruddin Yahya : President Commissioner
system’s effectiveness and adequacy of risk management, Glenn Muhammad Surya Yusuf : Vice President Commissioner
external and internal auditor audits, and compliance with (Independent)
applicable laws and regulations. Sri Widowati : Independent Commissioner
Vera Handajani : Commissioner
The Risk Monitoring Committee did well in supervising Farina J. Situmorang : Independent Commissioner
and providing advice related to the implementation of the Dody Budi Waluyo : Independent Commissioner
Bank’s risk management in order to continue to meet the Novan Amirudin* : Commissioner
elements of adequacy of risk management procedures *
Effective on 26 February 2025.
and methodologies. The committee’s effort enabled the
Bank to run a profitable business within acceptable limits.
The Nomination and Remuneration Committee did well
in the nomination and remuneration of members of the
Board of Commissioners, the Sharia Supervisory Board,
the Board of Directors, and members of our supporting
committees, including overall employee remuneration.
In addition, the Nomination and Remuneration
Committee also recommended members of the Board of
Commissioners of the Bank’s subsidiaries.
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APPRECIATION AND CLOSING for their dedication, commitment, and hard work in
We always mandate that all levels of management and implementing consistent and sustainable corporate
employees can consistently synergize to deliver the governance principles. Please allow us to express our
best banking services beyond their expectations with heartfelt appreciation for the trust placed in us by all
a #WorkFromHeart approach. We are optimistic that business partners and stakeholders.
with such an attitude, CIMB Niaga will continue to grow
with sustainable performance through the offerings of We would also like to thank all employees for their
integrated and excellent banking services. enthusiasm and hard work to continue contributing to
the Bank’s growth throughout 2024. We look forward to
Finally, on behalf of the members of the Board of a closer cooperation in 2025 and a new strategic plan
Commissioners, we would like to express our heartfelt that is more innovative and oriented towards the Bank’s
gratitude to the Board of Directors and Management sustainability.
14 March 2025
Didi Syafruddin Yahya
President Commissioner
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The Board of Commissioners
Sri Widowati Glenn Muhammad Surya Yusuf Didi Syafruddin Yahya Novan Amirudin**
Independent Commissioner Vice President Commissioner (Independent) President Commissioner Commissioner
*
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024.
**
Appointed at the EGMS on 25 October 2024 and effective on 26 February 2025.
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Vera Handajani Dody Budi Waluyo* Farina J. Situmorang
Commissioner Independent Commissioner Independent Commissioner
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The Board of Directors Report
Lani
Darmawan
President Director
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Since the Forward23+ strategy and the 5 Pillar Strategy were launched in
2019 until this final year, 2024, we’ve been very disciplined in allocating
our existing resources to focus on our predetermined strategic choices. As
we continued to undertake strategic initiatives, CIMB Niaga accomplished
its strategic goal of providing sustainable financial returns.
Dear Shareholders and Stakeholders, MACROECONOMIC DEVELOPMENTS 2024
It is with pride that we, on behalf of all members of CIMB The year 2024 saw growing uncertainty in the global
Niaga’s Board of Directors, report that the Bank was once financial market and the ensuing regression in global
again able to maintain its sustainable growth momentum. economic recovery. The United States (the US) trade
Despite challenging macroeconomic and industrial policy plan to impose higher tariffs on a broader range
landscapes, the Bank concluded the fiscal 2024 year of commodities and a larger group of countries has led
recorded stronger results, as reflected in the increase of to the widening world trade fragmentation. As a result
4.45% in profit before tax to reach Rp8.7 trillion this year. of this unfavorable trend, which coincided with heated
geopolitical tensions in some parts of the world, global
The noticeable increase in performance reflects our economic growth was a bit slower this year. This more
focused and disciplined approach to growing a healthy expansive US fiscal policy has helped the economic
loan portfolio and the Bank’s efficient and effective powerhouse maintain its US Treasury yields at a high
operations. Our asset quality remained solid, with a level, both for the short- and long-term tenors. As the US
gross NPL of 1.8%, well below the industry average. dollar continued to strengthen, global investors changed
It manifested from our sound and rigorous asset their preferences and began to place their investment
quality management on prudential guidelines, which portfolios back in the US. This reversed trend added
entailed strengthening our portfolio and embracing our pressure to most of the world’s currencies and kept
commitment to sustainable performance. We are grateful foreign capital from flowing into developing countries. For
that, with the Bank’s stronger capital, we have been able Indonesia and most of its global peers, this simply meant
to withstand the recently dynamic economic condition having to take a very strong policy response to mitigate
and continue to deliver fair returns for the shareholders. the potentially negative impacts of such an unfavorable
global situation and the subsequent higher uncertainty in
With the spirit of work from heart, CIMB Niaga continues to global financial markets on their economies.
deliver the best service to its customers. Our commitment
is to be the best partner and Bank of Choice for all In 2024, Indonesia demonstrated steady economic
segments of society with its brand promise Kejar Mimpi growth driven by domestic demand. The Central Statistics
as our customers work to pursue the biggest dreams Agency registered a growth of 5.03%, slowing slightly
they can think of. As a bank that cares about the earth from the corresponding 5.05% last year. Investment grew
and future generations, we have hardwired sustainability positively in Q4, driven by the completion of National
into our business model as we synergize environmental, Strategic Projects (PSN) and government incentives-
economic, social, and governance aspects within the backed private investments. Household consumption
banking process. showed constant growth due to restored consumer
confidence and the positive impact of regional elections
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in various regions. The Rupiah weakened in December was to improve the Bank’s profitability. The focus of the
2024 by 4.34% from the previous year. Consumer Price transformation project includes (1) CASA growth strategy
Index (CPI) inflation in December 2024 remained stable and sustainable customer acquisition through digital
at 1.57%. Meanwhile, the transmission of monetary policy channels and strategic partnerships; (2) Improving asset
is well-progressing, accompanied by adequate liquidity quality and optimizing asset recovery; (3) Increased non-
and improved banking efficiency in price formation with interest income from all business segments. In parallel,
greater SBDK transparency, which has a positive impact CIMB Niaga worked with CIMB Group to develop and
on maintaining stable banking interest rates. implement Next-Gen BizChannel (OCTO Biz), a digital
banking application for non-retail customers, and
Financial system resilience was also apparent, like in the the Preferred Banking business through the ASEAN
banking industry. Banking liquidity remained adequate, preferred segment value proposition.
as reflected in the high ratio of Liquid Assets to Third
Party Funds (AL/TPF) in December 2024 of 25.59%. Since the Forward23+ strategy and the 5 Pillar Strategy
The banking capital adequacy ratio (CAR) in December were launched in 2019 until this final year, 2024, we have
2024 was registered at 26.69%, which was considered been very disciplined in allocating our existing resources
strong in absorbing risks and supporting loan growth. to focus on our predetermined strategic choices. As we
Meanwhile, the banking non-performing loan (NPL) ratio continued to undertake strategic initiatives, CIMB Niaga
in December 2024 was manageably low at 2.08% (gross) accomplished its strategic goal of providing sustainable
and 0.74% (net). financial returns.
Loan growth in December 2024 remained strong, reaching In this final year, CIMB Niaga implemented 5 Pillars of
10.39%. Amongst the drivers of such strong loan growth Strategy, consisting of 1) Playing to Our Strengths, 2)
were the maintained interest in bank loan distribution, the Expanding the CASA Franchise, 3) Discipline in Cost
continued reallocation of liquid assets to loan by banks, Management, 4) Preservation of Capital and Balanced
and the availability of funding support from growth in Risk Culture, and 5) Leverage of Information Technology.
customer deposits. Loan growth was also driven by the The strategies worked, allowing the Bank to respond to
sustained performance of corporate businesses amid the challenges of macroeconomic dynamics and show
limited household consumption. Based on usage groups, resilience amidst economic fluctuations, market volatility,
the growth of working capital loan, investment loan, and and complex regulatory changes while delivering
consumer loan, respectively, was 8.35%, 13.62%, and sustainable performance.
10.61% in 2024. Sharia financing grew by 9.87%, while
MSME credit grew by 3.37%. 1. Playing to Our Strengths
CIMB Niaga has strategically repositioned its
BANK PERFORMANCE ANALYSIS 2024 loan portfolio by directing its growth focus to the
Consumer Banking and Emerging Business Banking
STRATEGY AND POLICY (EBB) segments, which offer high Risk-Adjusted
2024 was the final year of the CIMB Group’s long-term Return on Capital (RAROC) potential. This effort aims
Forward23+ strategy, which has been translated into to maximize good returns with more controlled risks,
5 Pillars of Strategy at CIMB Niaga. When year-end as well as ensure that every investment decision
approached, CIMB Niaga was still in the process of supports sustainable growth and create value
finalizing its long-term business strategy plan for the to shareholders. As a result of this loan portfolio
2025-2030 period in collaboration with other relevant repositioning, the contribution of the Consumer
entities under the CIMB Group with all influencing factors Banking and EBB segments to CIMB Niaga’s total loan
such as the Bank’s competitive advantages, trends in has increased significantly to 45% in 2024 from 39%
the banking and financial services industry, and the in 2019.
competitive business environment taken into account.
Announcements to stakeholders are scheduled for early In the Consumer Banking segment, CIMB Niaga is
2025. driving loan growth in mortgage (KPR) and Auto Loan
(KPM) markets by expanding its cooperation network
Under the CIMB Group transformation project, several to increase the consumer loan portfolio. Consumer
strategic initiatives were implemented by CIMB Niaga and Banking is also developing digital and strategic
all other CIMB Group entities whose ultimate objective cooperation with strategic partners to increase the
growth of the Personal Loan Business. In 2024, CIMB
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Niaga Consumer Banking grew by 5.44% to reach 3. Discipline in Cost Management
Rp75.8 trillion from the previous Rp71.8 trillion. Disciplined cost control has been the Bank’s main
KPM and Personal Loan, as the drivers of growth in focus in improving operational efficiency. The Cost to
the consumer segment, grew by 26.01% and 19.57%, Income Ratio (CIR) showed significant improvement,
respectively. from 49.1% in 2019 to 44.3% in 2024. This reflects
the Bank’s commitment to running a more efficient
In the EBB segment, we provide the best support resource management.
through products and services that are oriented
towards solutions for the business capital and The operational efficiency was achieved thanks to
investment needs of customers by consistently our various ongoing initiatives, including process
implementing banking prudential principles. As a digitalization, operational optimization, and more
result, this segment recorded a loan portfolio of effective cost management. These steps also ensure
Rp27.2 trillion, an increase of 9.10% from the previous that the Bank remains competitive and adaptive to
year of Rp24.9 trillion. The Bank will continue to the ever-evolving market needs. Strict cost discipline
maximize the potential of EBB by implementing helps CIMB Niaga to allocate resources for strategic
various improvements and innovations to increase investments that support long-term growth with due
business productivity and customer service quality. priority on quality of service to customers.
In addition to the Consumer Banking and EBB 4. Preservation of Capital and Balanced Risk Culture
segments, which are the main focus of the Bank’s Capital management has always been a major
growth, the Corporate and Commercial Banking concern in healthy banking management. CIMB Niaga
segments remain an important part of the Bank’s had its Minimum Capital Adequacy Ratio (CAR) in
strategy and are expected to grow in line with the 2024 maintained at 23.3%, well above the minimum
growth of industrial loan. In Corporate Banking, required by the regulator. One of the important points
we continue to implement a quality loan growth of the Bank’s strong capital structure is the Bank’s
strategy with growth priorities, especially in the top- success in managing the allocation of loan portfolio
tier and multinational corporate debtor segments. In risk and increasing profitability.
2024, CIMB Niaga Corporate Banking grew 8.29%
to reach Rp90.5 trillion from the previous Rp83.6 In terms of asset quality, CIMB Niaga has succeeded
trillion. Meanwhile, Commercial Banking continued in maintaining an overall increase in asset quality, as
to maintain its selective growth strategy amidst reflected in the better figure for the Non-Performing
challenging economic conditions and managed to Loan (NPL) ratio than the industry average. The Bank
record loans of Rp34.5 trillion, an increase of 4.62% was able to reduce the gross NPL ratio from 2.8% in
from the previous year of Rp33.0 trillion. 2019 to 1.8% in 2024 as a result of more effective risk
management and robust internal control over loan
2. Expanding the CASA Franchise portfolio management.
The growth of low-cost funds (current account
savings account/CASA) is one of the main drivers The Bank also made a noticeable improvement in its
of CIMB Niaga’s business development. The CASA Cost of Credit (CoC) from a much higher 1.7% in 2019
ratio has increased significantly from 55.3% in 2019 to 0.8% in 2024. This improvement shows the Bank’s
to 66.0% in 2024. This achievement demonstrates success in managing credit risk better to minimize
that CIMB Niaga has succeeded in implementing its losses and support profitability. With improved asset
strategy to strengthen a stable, low-cost fund base. quality, CIMB Niaga will be able to provide more trust
to stakeholders and ensure sustainable business
With the increasing proportion of CASA, CIMB Niaga is growth.
able to reduce funding costs and strengthen liquidity,
providing greater flexibility in supporting business 5. Leverage of Information Technology
growth and the development of innovative banking CIMB Niaga continues to strengthen the development
products. This increase not only supports sustainable of Information Technology (IT) to support digital
growth but also strengthens CIMB Niaga’s position in transformation and service innovation. CIMB Niaga
the competition in the banking industry by offering has allocated Operational Expenses (Opex) for IT,
more competitive and efficient services to customers. which increased from 11% in 2019 to 16.4% in 2024,
demonstrating the Bank’s commitment to improving
services in the digital era.
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In recent years, CIMB Niaga has focused on strengthening conditions. Our 5 Pillars of Strategy have worked
IT which involves cybersecurity, data analytics, and exceptionally well for us and helped us deliver sustainable
generative artificial intelligence (AI) technology. This performance growth. With consistent execution of the
focus aims to ensure that CIMB Niaga remains leading in 5 Pillars of Strategy, we’ve been able to maximize the
IT innovations while delivering safe and efficient services Bank’s strengths and drive sustainable growth while
to customers. With a continuous investment in technology, enhancing its digital capabilities and invasions to cement
CIMB Niaga stays committed to continuously improving its long-held leading position in digital banking.
customer experience and supporting the Bank’s business
growth. In 2024, CIMB Niaga delivered strong financial results,
reflecting our proactive approach to implementing the
In addition, CIMB Niaga also continues to increase the principle of prudence to maintain asset quality effectively
portion of capital investment allocation in technology and supported by effective cost management, helping us
implemented in all operational areas of the Bank, including achieve our key target in 2024.
the development of Digital Banking Applications, Open
Banking API, Automation, Artificial Intelligence (AI), and Description Target 2024 Realization 2024
Machine Learning (ML), Data Analytics, Cybersecurity,
Customer Deposit
and others. Our signature innovation in 2024 was OCTO 5.0%-8.0% 10.5%
Growth
Biz, a digital banking application that we recently
Loan Growth 4.0%-7.0% 6.9%
launched for non-retail customers that comes with
CASA ratio 62.0%-68.0% 66.0%
the latest capabilities, features, and a user-friendly
appearance and interface, offering customers a different Net Interest Margin
4.2%-4.4% 4.1%
(NIM)
and best experience.
Cost to income ratio
43.0% - 46.0% 44.3%
(CIR)
THE ROLE OF THE BOARD OF DIRECTORS IN
NPL Gross 2.0%-2.3% 1.76%
FORMULATION AND PROCESSES OF ENSURING
STRATEGY AND POLICY EXECUTION Return on equity
13.0%-15.0% 14.3%
(ROE - Tier-1)
Every year, the Board of Directors prepares the Bank’s
short-term and medium-term strategies and policies
and translates them into the Bank’s Corporate Plan OBSTACLES ENCOUNTERED AND ANTICIPATIONS
and Bank Business Plan (RBB) that align with its stated MADE
Vision and Mission. Periodically, we and the Bank’s senior As it turned out, 2024 was another dynamic and
management evaluate the Bank’s strategies and policies challenging year for CIMB Niaga where we had to
and their implementation at all levels of the organization. contend with an uncertain global economy and more
We do so to ensure that the Bank’s strategies and policies volatile financial markets. Commodity prices volatility and
remain relevant to business progress and that their economic slowdowns in some of Indonesia’s major trading
execution is consistent with the Bank’s goals and targets. partners put more pressure on the domestic economy.
Having anticipated this unfavorable trend, CIMB Niaga
We assume a rigorous role in ensuring that all elements of conducted a deeper macroeconomic risk analysis and ran
the organization understand and consistently implement more prudent loan portfolio management to minimize all
the Bank’s strategies across business units. Here, we risk exposures across vulnerable sectors.
involve ourselves in the entire process of directing
strategy execution to ensure all parts of the organization On the other hand, today’s rapid advancement of digital
are given the same opportunity to express their ideas and technology has brought some challenges in terms of
innovations for the achievement of the Bank’s goals. cybersecurity and service innovation. Rising cyber
threats require a more sophisticated security system.
PERFORMANCE ACHIEVEMENTS IN 2024 VERSUS CIMB Niaga has responded to the challenges by adopting
TARGETS the latest security technology and raising employee
We have succeeded in recording an increase in the awareness and training on cybersecurity while ensuring
Bank’s performance amidst challenging macroeconomic optimum protection of customer data and transactions.
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What makes it more challenging is the intensifying customers, with competitive interest rates charged on
competition in the banking industry, especially from them. For products and services, we offer such as loan
fintechs and digital banks, prompting us to stay innovative distribution to individual debtors, small and medium
with the offering of digital products and services. To enterprises and corporate debtors, please see the
stay competitive, we accelerate digital transformation Company Profile chapter in the discussion of CIMB Niaga
with more personalized and technology-based banking Products and Services.
services while engaging deeper with customers through
seamless and responsive digital experience. INTEREST RATES FOR FUNDING AND LENDING
The Prime Lending Rate is an indicator of the loan
OTHER PERFORMANCE interest rate charged to borrowing customers. CIMB
Niaga considers several factors in determining the
ORGANIZATION STRUCTURE Prime Lending Rate, including the BI-Rate set by Bank
CIMB Niaga continuously strengthens the organization to Indonesia, Cost of Funds for Loan (HPDK), operational
ensure a seamless process of business and leader succession costs incurred for fundraising and loan distribution
within the organization, particularly for key positions. The activities, profit margin components set by the Bank in
Bank’s organizational structure, as stated in the Company loan distribution activities, and considering competition
Profile of this Annual Report, was strengthened through in the banking industry.
the process of identifying successors and enrolling them
in development programs. In a structured and integrated The calculation of the Prime Lending Rate is yet to
manner, CIMB Niaga also conducts organizational studies to consider the risk premium component of debtors,
improve effectiveness and efficiency, as well as ensure the whose amount depends on the assessment of the risk
sustainability of the Bank’s organization. of each debtor. Thus, the amount of loan interest rate
charged to debtors is not necessarily the same as the
MAIN ACTIVITIES AND TYPES OF PRODUCTS AND Prime Lending Rate. CIMB Niaga’s interest rate for
SERVICES OFFERED loans and deposits for the Rupiah currency in 2024, as
CIMB Niaga runs a banking business where it collects follows:
funds and distributes them to the public, here borrowing
Prime Lending Rate
Non-MSMEs MSMEs
Non-
Period Mortgage Mortgage Deposits
Corporate Retail Medium Small Micro (KPR/KPA) (Non-KPR/
Non-KPA)
March 8.25 9.00 N/A N/A N/A 7.55 8.75 3.98
June 8.25 9.00 N/A N/A N/A 7.55 8.75 3.99
September 8.25 9.00 N/A N/A N/A 7.55 8.75 4.00
December 8.25 9.00 9.00 9.00 N/A 8.11 11.97 4.07
NUMBER, TYPE, AND LOCATION OF OFFICES NETWORK AND BUSINESS PARTNERS
CIMB Niaga as part of the CIMB Group headquartered in In order to provide the best banking services, CIMB Niaga
Kuala Lumpur, is one of the leading banking and financial continues to collaborate with various business partners
services groups operating in 8 ASEAN member countries both domestically and abroad to improve the Bank’s
(Malaysia, Indonesia, Singapore, Thailand, Cambodia, resilience, competitiveness, and efficiency. Throughout
Vietnam, Myanmar, and the Philippines). In addition to 2024, CIMB Niaga has collaborated with various
the ASEAN region, CIMB Group also runs offices in China, business partners in providing financial product services
Hong Kong, and the United Kingdom. and various choices of the best transaction access to
customers, including cooperation on bancassurance
CIMB Niaga continues to provide the best service for products, wealth management and others, by optimizing
customers. As of 31 December, 2024, CIMB Niaga’s the Bank’s network and customers as the target market.
services were supported by 407 branch office networks,
3,265 ATM units (including CRM and MDM), 634,948
Electronic Data Capture (EDC), Quick Response (QR) and
E-commerce networks, and 12,004 employees (including
subsidiaries) across Indonesia.
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Highlights Report Profile Discussion & Analysis Management
OWNERSHIP OF THE BOARD OF DIRECTORS, Along with these global and domestic presumptions, we
BOARD OF COMMISSIONERS, AND expect to see much stronger economic growth across
SHAREHOLDERS IN THE BANK BUSINESS GROUP some of the most strategic sectors, such as plantations,
Information on shareholding (direct and indirect) of the fisheries, real estate, business services, education
incumbent members of the Board of Commissioners services, and health services. In addition, the food/
and Directors and/or those appointed in 2024, both at beverage manufacturing sector, chemical/pharmaceutical
CIMB Niaga and CIMB Group mirrors that informed in the manufacturing, basic metal manufacturing, electronics
Company Profile Chapter of this Annual Report. None of manufacturing, and transportation equipment/auto
the members of the Bank’s Board of Directors and Board production also have the potential to grow higher.
of Commissioners held shares in Subsidiaries. The electricity utility sector, construction, trade, land
transportation, air transportation, warehousing/courier/
SIGNIFICANT CHANGES THAT OCCURRED IN THE postal, information/communication sector, and banking
BANK AND BANK BUSINESS GROUP and insurance sector will also catch the slipstream of low
During 2024, there were no significant changes that rate regime.
occurred in the Bank or the Bank Business Group.
Lower interest rates are expected to result in increased
BUSINESS OUTLOOK, ECONOMIC growth in third-party funds and bank loans. Increased
DEVELOPMENT, AND TARGET MARKET liquidity in the market can potentially drive growth in
In 2025, Indonesia’s economy is expected to be influenced third-party funds and contribute to reducing the cost of
by several global and domestic factors. The global funds. Additionally, loan growth is expected to increase to
factors affecting Indonesia’s economy include declining the range of 11-13% in 2025, in line with the persistently
inflation rates and interest rates, as well as the potential strong economic outlook and support from Bank
weakening of the global economy. Domestically, the new Indonesia’s macroprudential policies. We also expect the
Government’s policies, which focus on consumption and various incentive policies from the Government to drive
investment, will be the key factors influencing national further loan demand (bi.go.id and Kompas).
economic growth.
Understanding such economic developments, we believe
The risk of weakening globalization could occur if the US that we can continue to deliver strongly as we plan to
further isolates itself from imported goods and services, execute our long-term strategy and business plans,
accompanied by retaliatory actions from its trade as have been stated in the Bank’s Corporate Plan and
partners. This could pressure global trade volumes and Business Plan. We will focus on four main pillars: proper
commodity prices. Strengthening the domestic economy asset allocation, expanding the retail customer base,
becomes essential to protect Indonesia’s economy from strengthening the CASA portfolio, and increasing digital
global economic shocks. Indonesia’s economy, which is engagement.
dominated by domestic consumption and investment
activities, is expected to be able to withstand the worst We will also continue to maintain operational resilience
risks of weakening globalization. and minimize risk exposure within the Bank, which has
proven crucial in recent years, and refine the strategic
The new Indonesian Government, under the leadership plan by utilizing our strengths in analyzing market trends.
of President Prabowo and Vice President Gibran, touts This strategic effort aligns with our vision to become
a vision of strengthening domestic consumption with a a bank that is future-ready and capable of supplying
free nutritious meal program and stimulating domestic customers with a constant stream of high-quality services
investment growth through a program to build three and innovative products by embracing #WorkFromHeart.
million houses per year. The new administration also touts
more stable external conditions with food self-sufficiency KEY ISSUES IN THE FUTURE
and energy security programs. These government Looking forward, it is our hope that when the long-
programs should cushion the impacts of the risk of a anticipated low rate regime begins to take hold and as
weakening global economy on the Indonesian economy. the Rupiah exchange rate stabilizes, we will be able to
increase loan distribution. We also hope that the new
Indonesia’s economic growth is estimated to reach around government can adopt more specific policies during their
5.2% in 2025, with domestic inflation estimated at around administration to help increase people’s purchasing power
2.5%. The 10-year SBN interest rate (%) is 7.0%. The and make the domestic economy even more resilient.
USD/Rp exchange rate is estimated to be in the range of
Rp16,000 in 2025 (Kemenkeu.go.id).
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Internally, we remain optimistic that we can continue to appointed by the regulator for a pilot project on Climate
deliver even more with a realistic set of profit achievement Scenario Analysis (CSA) study, Bank submitted the result,
targets, as we will always place our prioritize the principle particularly on CSA’s model & methodology used for the
of prudence. We will continue to strengthen the execution preliminary assessment to OJK in mid-2024.
of a new strategic plan in order to welcome the upcoming
2025 with even stronger results in both operations and CIMB Niaga is keen to meet the investors’ growing
finances. Next, we will respond to this great momentum needs for information by becoming a leading bank that
of national economic resilience by optimizing the Bank’s adopts various international frameworks and standards.
digital services to continue providing convenience and Therefore, CIMB Niaga has conducted a gap analysis
ease of transactions for customers. comparing its previously reported sustainability
disclosures and recommending improvement aligned
As we move forward, we will embrace our commitment with the International Financial Reporting Standards
not only to deliver more than just banking services, but (IFRS) S1 and S2.
also to create a valuable experience for all customers.
We hope that providing optimal services and various In regards to sustainability governance, CIMB Niaga has
attractive promotions will allow us to become a part of updated several documents to incorporate sustainability
and stay with our customers at every turn of their financial and climate-related risks and opportunities including the
journey in 2025. Board of Commissioners and Board of Directors Charters,
Sustainability Policy, Sustainability Procedures, and
SUSTAINABLE FINANCE INITIATIVES AND Exclusion List, ensuring alignment with both national and
IMPLEMENTATION international sustainability developments. In addition,
Sustainability is one of CIMB Niaga’s priorities when CIMB Niaga also issued a Net Zero Greenhouse Gas (GHG)
running its business. Integrating environmental, Emission Operations Policy as a strategic foundation for
economic, social, and governance aspects into the achieving Net Zero Operational Scope 1 & 2 by 2030.
banking process is amongst the priorities. CIMB Niaga
consistently encourages business practices in accordance From an operational perspective, CIMB Niaga continues
with sustainable principles and the Sustainable Finance the initiative and strategy of utilizing renewable energy
Action Plan for the 2024-2028 period, especially in by installing solar panels at one of its head offices, namely
supporting the achievement of a low-carbon economy, Griya Bintaro 1 & 2, which commenced its operations in
Enhanced Nationally Determined Contribution (ENDC), March 2024. In addition, CIMB Niaga also purchased
Indonesia’s target of Net-Zero Emissions by 2060, and renewable energy certificates (REC). Both initiatives
the Sustainable Development Goals (SDGs). CIMB Niaga, are part of Bank’s efforts to reduce its GHG Scope 2
as part of the CIMB Group which is a member of the emissions.
Collective Commitment to Climate Action and the Net
Zero Banking Alliance, is committed to achieving Net In terms of sustainable business, CIMB Niaga continues
Zero GHG Emissions Scopes 1 and 2 by 2030 and Net to grow its sustainable finance portfolio by providing
Zero GHG Emissions Scopes 1, 2 and 3 by 2050. financing to sectors that positively contribute to
environmental and social aspects, including new and
In early 2024, CIMB Niaga together with CIMB Group renewable energy, clean energy, and others. As of
strengthened its commitment by setting interim December 2024, the Bank’s Sustainable Business Activity
decarbonization targets for the Oil and Gas as well as Category (KKUB) financing portfolio reached Rp59.12
Real Estate sectors by 2030. These targets complement trillion, or 26% of the Bank’s total financing portfolio.
the 4 decarbonization targets and are the result of the CIMB Niaga also continues to offer sustainable financing
implementation of the Net Zero Strategy & Climate Risk and savings programs, such as Sustainability-Linked
Management project with CIMB Group in the previous Loan/Financing, Sustainable Financing, Green Mortgage,
year. One House One Tree, Giro Kartini, Sustainability-Linked
Waqf savings, and others. At the end of 2024, CIMB
In addition to setting sustainability targets, CIMB Niaga Niaga launched a new sustainability financing program
also designed climate scenario analysis models and named Kartini Loan, specifically to support women’s
methodologies for the agriculture, oil and gas, metals and empowerment, which offers incentives for loans
mining, power generation, manufacturing, transportation, channeled to women-owned and/or led MSMEs.
real estate sectors. As one of the national banks
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In line with OJK’s direction, CIMB Niaga continues to Along with rapidly evolving technological advancements
identify and report in accordance with the Indonesia such as the increasingly ubiquitous Generative Artificial
Green Taxonomy (THI) and Indonesia Sustainable Finance Intelligence (AI), we emphasize the importance of
Taxonomy (TKBI). As of December 2024, 15% of the top enhancing Digital & Data capabilities across all levels of
450 customers were classified into the green and yellow the organization. In 2024, we took tangible actions that
categories. involved running a series of digital training programs,
building awareness, and understanding of Generative
Including in CIMB Niaga’s key strategy in sustainable AI to strengthen employee capacity and capabilities,
finance initiatives & implementation is the continuous ensuring they remain adaptive to the Society 5.0 era.
encouragement for the Bank’s customer in enhancing
their sustainability performance and minimize negative To implement innovative learning methods, we integrate
environment and social impacts, which is conducted Artificial Intelligence technology into VR modules,
through the Sustainability Due Diligence (SDD) process. creating a more realistic and personalized learning
In 2024, the Bank refined its SDD form to enable more environment. We also integrate various digital learning
effective and efficient identification of sustainability and platforms into a single Hylearn platform within the Work
climate-related risks. Furthermore, the new SDD form Support Application (Arjuna) with features including
includes additional questions related to biodiversity Learning on The Go (LOG) which has now transformed
aspects and integrates minimum requirements as stated into LOG +, Knowledge Management System (KMS) and
in Sector Guidance. Additionally, since May 2024, the Learning Hub to create an interactive, relevant, and easily
Bank has expanded SDD implementation within the accessible learning environment.
Commercial Banking segment by adding three new
economic sectors, namely construction, infrastructure, We took further steps in embedding the Company’s
and mining and quarrying. values, namely EPICC (Enabling Talent, Passion,
Integrity & Accountability, Collaboration, and Customer
As part of the Bank’s sustainability commitment, this year, Centricity) into the work culture so that every employee
CIMB Niaga held The Cooler Earth (TCE) Sustainability had a strong behavioral foundation in performing their
Series 2024 in 17 cities across Indonesia. This activity jobs. internalized these values through various creative
engaged wider audience from the media, customers, initiatives, including bite-size campaigns, EPICC Stories,
employees, students, communities, and the public, to EPICC Videos, competitions, quizzes, EPICC Town Hall,
collaborate towards a sustainable future. Throughout EPICC Podcast, and the role of EPICC Ambassadors
the year, CIMB Niaga employees contributed to the as internal influencers. We also developed a Diversity
community via the Employee Volunteer Program, which & Inclusion framework to ensure a more inclusive,
reached an average of 5.90 hours per employee. diverse, and healthy organizational work environment.
Furthermore, we also pay attention to the holistic
Moving forward, we will continue to promote the implementation of well-being in all areas, including
implementation and adoption of sustainable business physical, mental, and spiritual.
models among businesses in Indonesia. Sustainability
requires not only innovation efforts from banks, but also We are committed to building a comprehensive and
collaboration from all stakeholders towards a better sustainable talent management strategy through the
earth’s future, especially for our next generation. identification, development, and retention of superior
human resources, ensuring that each strategic position
HUMAN RESOURCES DEVELOPMENT has at least two potential candidates who are ready
In order to ensure that the Bank remains competitive and to assume the role. Through these strategic steps,
adaptive in the ever-evolving banking industry landscape, we believe that investing in talent management and
we have developed and implemented a Human Resources succession planning will ensure long-term business
(HR) strategic plan for 2024 which focuses on five main stability, drive business growth, and create sustainable
pillars: Strategic Talent Acquisition & be a Talent Magnet, value for all stakeholders.
Cultivate Talent & Leadership, Future Proof Organization,
High Performing Organization linkage to Performance To support business sustainability and manage potential
and Contribution Based Rewards, and Operational risks, we have cultivated a risk culture that aligned with the
Excellence for Seamless Employee Experience. Through EPICC values. Through a series of socializations on topics
this approach, we aim to attract and retain top talent build such as Anti-Fraud, Operational Risk & Litigation, Code of
reliable leadership, enhance organizational capabilities to Ethics & Code of Conduct, Integrity Pact related to Anti-
always be ready for change, integrate performance with Bribery and Corruption, and Know Your Employee (KYE),
a contribution-based reward system, and ensure that we ensure that employees understand the importance
every HR process runs effectively to provide the best of risk management in daily operations. The Bank’s
experience for all employees.
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governance principles are embedded in internal policies, CIMB Niaga IT also consistently continued to improve
performance measurement, and risk reporting related to cybersecurity resilience to protect customer data and
HR and the organization, ensuring that risk management information from increasingly complex cyber threats.
becomes an inseparable part of the Company’s culture. These steps entailed implementing the latest security
technology, proactive monitoring of potential threats,
In order to improve the overall employee experience, and increasing employee awareness of the importance
we have begun developing an integrated HR service of cybersecurity. Through this approach, CIMB Niaga
system on the Arjuna platform tailored to employee strives to ensure that all digital services can run safely
needs, implementing flexible benefit programs, and provide comfort and full trust for customers.
and evaluating the effectiveness of the hybrid work
system (Hywork). With this approach, we create a work Furthermore, CIMB Niaga is also developing the
environment that supports employee productivity, well- application of technology by utilizing digital technology
being, and engagement, enabling them to make optimal and data analytics in business processes during 2024.
contributions to business growth and success. In addition, we are implementing digital loan products
and integrated APIs through faster and easier integrated
The implementation of CIMB Niaga’s comprehensive development with business partners, utilizing Robotic
HR development strategy has also been proven Process Automation (RPA) and Digital Workflow
through recognition obtained from various leading technology, as well as cloud technology, machine learning,
institutions, including achieving the Top Decile level in and Generative AI, which have been implemented in
the Organizational Health Index (OHI) in the Southeast units that interact directly with customers in an effort to
Asia region. This success reflects the effectiveness of improve customer experience.
our approach in ensuring that HR is not just an asset but
the primary driving force that supports the achievement IMPLEMENTATION OF BANK GOVERNANCE
of business goals in a sustainable manner. The Board We believe that CIMB Niaga’s performance achievement
of Directors is committed to continuously evaluating, in 2024 is closely related to the Bank’s commitment to
adjusting, and improving HR development programs continue improving Good Corporate Governance (GCG)
to ensure they remain relevant and capable of facing practices or what is currently also known as corporate
emerging challenges. governance. CIMB Niaga has implemented four pillars
of corporate governance, which consist of ethical
INFORMATION TECHNOLOGY OPTIMIZATION behavior, accountability, transparency, and sustainability
In the field of Information Technology (IT), CIMB Niaga (ETAK), in daily business practices. We also consistently
continues to be committed to providing high-quality IT implement governance in line with laws and regulations
services, not only providing reliable infrastructure, but and best practices of governance both on a national and
also by proactively identifying new customer-centric international scale.
opportunities while simultaneously developing innovative
digital solutions. This aims to optimize business potential, The Board of Commissioners, all CIMB Niaga employees,
increase customer satisfaction, and continue the direction and we are committed to implementing the best
of the IT strategy policy that has been implemented governance practices so that every program and plan can
previously and will continue in 2024 in supporting the be realized according to expectations. We also continue
Bank’s vision and mission. to make improvements and refinements to GCG, which
are carried out every year.
Innovation and customer centricity remain CIMB Niaga’s
focus in IT development. Throughout 2024, CIMB Niaga The Bank’s concrete commitment to implementing GCG
IT implemented various initiatives, including providing practices can be seen from various initiatives that have
convenience for customers/potential customers to been carried out throughout 2024. On 1 July, 2024,
obtain banking services through various digital channels, all members of the Board of Commissioners, Sharia
developing sustainable savings and deposit products Supervisory Board, and Board of Directors signed the
that focused on digitalizing business models, and Declaration of Integrity Pact, Code of Ethics, and Anti-
differentiating sharia business by developing a sharia Bribery and Anti-Corruption Commitment. This was
business unit ecosystem that optimizes the potential followed by attestation by all employees on 4 October,
of information technology. We have also built and 2024, which demonstrated a collective commitment to
maintained a stable and robust modern platform, as integrity and transparency.
well as optimized comprehensive digital transformation
through microservices architecture and adoption of
DevOps practices.
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The Bank has also updated the Charter of the Board of Some important achievements in the implementation of
Commissioners, Board of Directors, Sharia Supervisory the committee’s duties throughout 2024 included the
Board, and Audit Committee, as well as Governance ALCO Committee continuing the initiative to accelerate
policies and other related policies, in accordance with loans for sectors and products that are resilient to
the latest regulations such as POJK on General Bank economic dynamics, as well as making adjustments to the
Governance, POJK on Sharia Governance, and POJK on internal fund transfer pricing model to ensure that pricing
Financial Report Integrity, to ensure alignment with the signaling to all Bank business units was transmitted and
latest governance standards. In addition, the Bank has in accordance with changes in market interest rates. The
also successfully maintained the ISO SNI 37001:2016 ALCO Committee also ensured that the Bank’s liquidity
Certification - Anti-Bribery Management System at the level remained at an optimum level and that there is
SPAPM work unit, which underlines our dedication to stable and diversified funding for Sharia business units.
preventing bribery practices.
The CPC Committee agreed to make continuous updates
Best practices in the field of GCG have again succeeded and changes to policies related to credit based on external
in gaining recognition from various parties, including regulations (from the Regulator or the Government) and
CIMB Niaga, receiving the Outstanding Achievement the Bank’s internal provisions, which were also adjusted
in Sustainability & Governance Award at the Strategy to the Bank’s risk appetite. These policy adjustments and
Into Performance Execution Excellence (SPEx2®) Award changes also include Sharia Banking.
2024. The Bank also received other awards at the Top
GRC Awards 2024. CIMB Niaga won the Top GRC Awards The ECC Committee carried out its main duties in
2024 # 5 star, The High Performing BoC on GRC 2024, and making credit/financing decisions in accordance with
Lani Darmawan, President Director - The Most Committed its delegated authorities. The ECC Committee also
GRC Leader 2024. The Bank also won the title of Top 50 ensured that the entire Credit/Financing Portfolio meets/
GCG in the Big Capitalization Public Listed Companies is in accordance with the guidelines of the competent
in Indonesia Category and Leadership in Corporate authorities, applicable Credit/Financing rules/policies, as
Governance at the 15th IICD Award. well as procedures and risk appetite.
PERFORMANCE ASSESSMENT OF The ITSC Committee set the formulation of key information
COMMITTEES UNDER THE BOARD OF technology policies, standards, and procedures, and
DIRECTORS monitored the development status of Information
In our management duties and responsibilities, we are Technology projects for the 2024 fiscal year. In addition,
assisted by 5 Executive Committees (EXCO), namely the the ITSC Committee also determined recommendations
Risk Management Committee (RMC), Assets & Liability for the Cybersecurity Strategic Plan for monitoring
Committee (ALCO), IT Steering Committee (ITSC) and cybersecurity incidents against the Bank’s system.
Credit Policy Committee (CPC) and Executive Credit
Committee (ECC). The Board of Directors is also assisted The RMC Committee did its tasks that involved reviewing
by several Special Committees (SPECO) led by each Field RAS indicators by looking at the relevance to business
Director according to the Bank’s needs. characteristics and risks faced, deciding portfolio limits,
and determining risk appetite for products that follow
We thought that the supporting committees did their jobs market developments such as mortgages, channeling
well, as seen in several aspects, including the number financing through Fintech, and others. In addition, the
of meetings held, Our Committee member’s Attendance, RMC Committee decided on changes in appetite for
Service Level Agreement (SLA); Minutes of Meeting; the Bank’s risk exposure, such as sector appetite and
Action Matters Arising; and the distribution of meeting sector limits from several industry sectors and securities
invitations. In addition, the Board of Directors also looks portfolios.
at the decisions and recommendations given during the
discussion of the meeting, which are used as a reference CHANGES IN THE COMPOSITION OF THE
in assessing the performance of the Committees under BOARD OF DIRECTORS
the Board of Directors. Throughout 2024, CIMB Niaga did not make any changes
to the composition of the Board of Directors.
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APPRECIATION AND CLOSING We hope that 2024, which we noted here as a year of
As we close the chapters of 2024, on behalf of all positive achievements for CIMB Niaga, can encourage us
members of the Board of Directors, we would like to even more while laying a strong foundation on which to
express our highest gratitude and appreciation to the deliver satisfactory returns and performance in the future
Board of Commissioners for their continued supply of and to always offer high-quality services and innovative
best advice, direction, and recommendations to us as products to customers by embracing #WorkFromHeart.
we navigated the challenging year. We would also like to May the upcoming 2025 bring hopes, blessings, and
express our gratitude and appreciation to all employees goodness to all of us; we are optimistic that CIMB
for their tireless efforts to achieve proud results for the Niaga will continue to grow and expand, as will its loyal
Bank. We will always try to build the best cooperation with customers.
the shareholders and other stakeholders as we work to
keep delivering a sustainable performance for the Bank.
14 March 2025
Lani Darmawan
President Director
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Board of Directors
Lee Kai Kwong Tjioe Mei Tjuen Henky Sulistyo Noviady Wahyudi Lani Darmawan
Director Director Director Director President Director
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Fransiska Oei Rusly Johannes Joni Raini Pandji P. Djajanegara John Simon
Director Director Director Director Director
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The Sharia Supervisory Board Report
Bismillaahirrahmaanirrahim DPS of UUS CIMB Niaga stated that, in general, the
Assalamu’alaikum wa rahmatullaahi wa barakatuh, operational activities related to the products and services
issued by UUS CIMB Niaga during the year 2024 adhered to
Alhamdulillaahi rabbil ‘alamiin, on this great occasion, the fatwas of the National Sharia Council – Indonesian Ulema
let us together raise our praises and gratitude to Allah Council (DSN-MUI) and the opinions issued by the DPS. UUS
Subhanahu wa Ta’ala, only with His grace and blessings CIMB Niaga has conducted Sharia banking transactions
upon us all, we were able to accomplish various challenges that align with the provisions of the Authority/Regulator as
and the increasingly complex dynamics of Sharia business outlined in POJK/PBI and SEOJK/SEBI.
throughout the year 2024. May peace and blessings be
bestowed upon our beloved Prophet Muhammad Shallallahu In 2024, we also initiated and encouraged the issuance of
‘alaihi wa Sallam, his family, and his closest companions. fatwa DSN-MUI No. 159/DSN-MUI/VII/2024 concerning the
Sale and Purchase of Al Mal Al Musyatarak and Al Mal Al
Our primary task as the Sharia Supervisory Board (DPS) of Musya’ and No. 160/DSN-MUI/VII/2024 concerning Ijarah
the CIMB Niaga Sharia Business Unit (UUS CIMB Niaga) is Al Mal Al Musyatarak and Al Mal Al Musya’, which were
to oversee the activities of UUS to keep them compliant with proposed by UUS CIMB Niaga through ASBISINDO.
Sharia principles. The implementation of Sharia principles
has become part of the Bank’s commitment to applying In terms of financial performance, UUS CIMB Niaga in 2024
good corporate governance and maintaining the trust of all increased financing distribution by 9.1% to Rp60.3 trillion, up
Stakeholders. This commitment aligns with the Financial from Rp55.2 trillion the previous year. Total assets increased
Services Authority of the Republic of Indonesia Regulation by 7.58% to Rp67.5 trillion compared to Rp62.7 trillion in the
Number 2 of 2024 concerning the Implementation of Sharia previous year. The non-performing financing ratio (gross NPF)
Governance for Sharia Commercial Banks and Sharia was a modest 1.66%. CASA was recorded at Rp32.3 trillion,
Business Units. an increase of 22.93% from Rp26.3 trillion in the previous
year. The Sharia Business Unit also generated a profit before
Throughout the year 2024, as DPS of UUS CIMB Niaga, we tax of Rp2.1 trillion.
actively carried out our oversight duties and responsibilities,
as well as providing advice and recommendations to assist Through this report, we would also like to point out that we
UUS CIMB Niaga in achieving growth. In exercising its Sharia found no practices that violated Sharia principles during
oversight duties, DPS communicated and had discussions 2024. As a result, it is safe to conclude that CIMB Niaga’s
with the Board of Commissioners and the Board of Directors Sharia business unit’s overall banking operations and
through regular meetings. We also evaluated UUS CIMB transactions throughout the year were Sharia-compliant.
Niaga operations in financing, funding, service transactions,
product development, and other innovation initiatives. DPS of UUS CIMB Niaga consistently mandates the
management to work with enthusiasm and dedication to best
Furthermore, we also ensured that all operational activities realize the hopes and targets they have set for the coming
of UUS CIMB Niaga followed the Fatwa of the National year. We are confident that by embracing Sharia principles
Sharia Council – Indonesian Ulema Council (DSN-MUI), with sincerity and earnestness, we will always be able to
and that we worked closely with CIMB Niaga management provide Sharia banking products and services that meet the
and all employees. In addition, we also oversaw a number needs of our consumers.
of other projects, including the development of a more in-
depth and comprehensive Dual Leverage Banking Model To conclude, let us all pray that Allah Subhanahu wa Ta’ala
(DBLM), which was supported by the implementation of the continuously grants us comfort and blessings for all our
Sharia First program. We also conducted on-site supervision efforts. Amin yaa rabbal ‘aalamin.
of business and support units on a regular basis to ensure
sharia compliance of UUS CIMB Niaga. Waassalamu’alaikum wa Rahmatullaahi wa Barakatuh.
On behalf of the Sharia Supervisory Board
Prof. Dr. M. Quraish Shihab, MA
Chairman of the Sharia Supervisory Board
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Sharia Supervisory Board
Dr. Yulizar Djamaluddin Sanrego, M.Ec. Prof. Dr. M. Quraish Shihab, MA Prof. Dr. Fathurrahman Djamil, MA
Member Chairman Member
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Annual Report
Responsibility Statement
Board of Commissioners’ Responsibility Statement for the 2024 Annual Report of PT Bank CIMB Niaga Tbk.
We, the undersigned Board of Commissioners of PT Bank CIMB Niaga Tbk, hereby declare that all information in the 2024
Annual Report of PT Bank CIMB Niaga Tbk is presented in its entirety, and that we take full responsibility for the correctness
of the contents of this Annual Report.
This statement is made in all truthfulness.
14 March 2025
By the undersigned,
Didi Syafruddin Yahya
President Commissioner
Glenn Muhammad Surya Yusuf*
Vice President Commissioner (Independent)
Sri Widowati Vera Handajani Farina J. Situmorang
Independent Commissioner Commissioner Independent Commissioner
Dody Budi Waluyo Novan Amirudin**
Independent Commissioner Commissioner
*
Appointed as Senior Independent Commissioner of the Bank through CIMB Niaga Board of Commissioners Circular Decree No. 011/DEKOM/KP/V/2024 dated 6 May 2024.
**
Appointed at the EGMS on 25 October 2024 and effective on 26 February 2025.
60 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Board of Directors’ Responsibility Statement for the 2024 Annual Report of PT Bank CIMB Niaga Tbk.
We the undersigned Board of Directors of PT Bank CIMB Niaga Tbk, hereby declare that all information in the 2024 Annual
Report of PT Bank CIMB Niaga Tbk is presented in its entirety, and that we take full responsibility for the correctness of the
contents of this Annual Report.
This statement is made in all truthfulness.
14 March 2025
By the undersigned,
Lani Darmawan
President Director
Lee Kai Kwong John Simon Fransiska Oei
Director Director Director
Pandji P. Djajanegara Tjioe Mei Tjuen Henky Sulistyo
Director Director Director
Joni Raini Rusly Johannes Noviady Wahyudi
Director Director Director
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Experience Seamless,
Fast and Convenient Transactions
With modern services designed for your convenience,
CIMB Niaga offers practical solutions for every
transaction—covering everything from secure
payments to smart financial management—ensuring
reliability, protection, and efficiency.
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2024 Annual Report | PT Bank CIMB Niaga Tbk 63
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03 Company Profile
Page 67
General Company Information 66 CIMB Niaga At a Glance 67 Name Change Information 69 Association Membership 69 Milestones 70 Corporate Vision, Mission, Culture, and Core Values 72 Corporate Identity (Logo) 74 Organization Structure 75 Business Activities 79 Business Network and Operating Areas 82 Board of Commissioners’ Profiles 84 Board of Directors’ Profiles 88 Sharia Supervisory Board Profiles 93 Information on the Changes in Management Members After the 2023 Financial Year 95 Senior Executives’ Profiles 96 Number of Employees and Competency Development Data Statistics 113 Shareholder Composition 117 Chronology of Issuance and/or Listing of Share 123 Chronology of Other Securities Listings 124 Corporate Group Structure 125 Subsidiaries, Associations, and Joint Venture Companies 127 List of Business Partnerships 130 Public Accountant and Public Accounting Firm 130 Capital Market Supporting Institutions and Professions 131 Access to Bank Data and Information 131 Website Information 132 Education and/or Training of The Board of Commissioners, Board of Directors, Sharia Supervisory Board, Committees, Corporate Secretary and Internal Audit Unit 134 Awards and Certifications 142
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General Company Information
Company Name SWIFT Code
PT Bank CIMB Niaga Tbk (CIMB Niaga) BNIAIDJA
Familiar Name Number of Employees
CIMB Niaga 11,063 employees
Line of Business Total Assets
Banking Services Rp360.2 trillion
Date of Establishment Office Networks
26 September 1955 As of 31 December 2024, CIMB Niaga had 407 branches, including
conventional branch offices, sharia branch offices, Digital Lounge,
Legal Basis of Establishment Mobile Cash, and Kiosk. More detailed information regarding the
Deed No. 90, made in the presence of Raden Meester Soewandi, dated office network is available in the Business Network and Operational
26 September 1955, and amended by Deed No. 9, dated 4 November Area section in the Company Profile Chapter of this Annual Report
1955, made before the same Notary. The deed of establishment was and branch addresses are available in the Office Network List
ratified by the Ministry of Law and Human Rights (formerly Ministry section in the Other Company Data Chapter of this Annual Report.
of Justice and Human Rights) No. J.A.5/110/15 dated 1 December
1955, State Gazette No. 71, dated 4 September 1956, State Gazette Address of Head Office
Supplement No. 729/1956. Graha CIMB Niaga
Jl. Jend Sudirman Kav. 58, Jakarta 12190, Indonesia
Change of Name Phone : +62 21 250 5252, 250 5353
On 26 September, 1955, the Company was established under the name
PT Bank Niaga, then changed to a Public Company with adjustments Website
to the Republic of Indonesia Law No. 40 of 2007 concerning Limited www.cimbniaga.co.id
Liability Companies, and therefore it became PT Bank Niaga Tbk. In
2008, the name changed to PT Bank CIMB Niaga Tbk. Contact Address
Contact Center
Merger History Phone : 14041 or +62 21 2997 8888 (overseas)
In 1973, Bank Niaga merged with PT Bank Agung, then in 1978 with E-mail : 14041@cimbniaga.co.id
PT Bank Tabungan Bandung, and in 1983 with PT Bank Amerta, Contact Center Business Banking
and in 2008 with PT Bank Lippo Tbk. Phone : 14042 or +62 21 8065 5111 (overseas)
Ownership Investor Relations
investor.relations@cimbniaga.co.id
• CIMB Group Sdn Bhd 91.44%
• PT Commerce Kapital 1.02% Corporate Secretary
• Public Shareholders (<5%) 7.54% corporate.secretary@cimbniaga.co.id
Social Media
Authorized Capital Facebook : CIMB Niaga
Rp2,900,000,000,000 or 50,886,460,336 shares, consisting X : @CIMBNiaga
of Rp359,269,680,000 or 71,853,936 Class A shares with a Instagram : cimb_niaga
nominal value of Rp5,000 per share, and Rp2,540,730,320,000 or YouTube : CIMB Niaga
50,814,606,400 Class B shares with a nominal value of Rp50 per LinkedIn : CIMB Niaga
share. TikTok : cimb.niaga
Issued and Fully Paid-Up Capital Subsidiaries
Rp1,612,787,275,350 or 25,142,205,843 shares, consisting of PT CIMB Niaga Auto Finance (83.28%)
Rp359,269,680,000 or 71,853,936 Class A shares with a nominal value Line of Business: Financing Company
of Rp5,000 per share, and Rp1,253,517,595,350 or 25,070,351,907 Jl. Bintaro Utama 9 Blok B9/I No. 15, Bintaro Jaya Sektor IX
Class B shares with a nominal value of Rp50 per share. Kel. Pondok Pucung, Kec. Pondok Aren,
Tangerang Selatan 15229
IPO Date Call Center : 0804 1 090909
29 November 1989 E-mail : info@cnaf.co.id
Website : www.cnaf.co.id
Stock Exchange
PT Bursa Efek Indonesia PT CIMB Niaga Sekuritas (97.32%)
Line of Business: Securities Company
Share and Bond Code Graha CIMB Niaga 25th Floor
BNGA Jl. Jend. Sudirman Kav. 58, Jakarta Selatan 12190
Phone : +62 21 5084 7847
ISIN Code Fax. : +62 21 5084 7849
E-mail : corsec@cimbniaga-ibk.co.id
D1000098007
Website : www.cns.co.id
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CIMB NIAGA at a Glance
BRIEF HISTORY OF THE BANK
PT Bank CIMB Niaga Tbk (“CIMB Niaga” or “Bank”)
was established on 26 September 1955, based on
the Company’s Deed of Establishment No. 90 made in
the presence of Raden Meester Soewandi, Notary in
Jakarta, on 26 September 1955, under the name PT Bank
Niaga, then amended by deed No. 9 dated 4 November
1955, from the same Notary. The Company’s Deed of
Establishment was approved by the Minister of Justice
of the Republic of Indonesia (now the Minister of Law
and Human Rights) with Decree No. J.A.5/110/15 dated 1
December 1955 and announced in the State Gazette of
the Republic of Indonesia No. 71 dated 4 September 1956,
Supplement to the State Gazette No. 729/1956.
The Bank obtained a business license as a commercial
bank on 11 November 1955, based on the Decree of the
Minister of Finance of the Republic of Indonesia No.
249544/U.M.II. Subsequently, the Bank also received
a license as a foreign exchange bank based on the
Decree of the Board of Directors of Bank Indonesia
No. 7/116/Kep/Dir/UD dated 22 November 1974.
Throughout its existence, CIMB Niaga has achieved
various reputations as a provider of quality banking
products and services that can be relied upon.
Furthermore, CIMB Niaga has also been able to achieve a
number of other significant achievements and has played
a role in determining the direction of the development of
the banking industry in Indonesia.
CIMB Niaga was recorded in history as the first local bank
to introduce banking services through Automatic Teller
Machines (ATMs) in Indonesia in 1987. This achievement
became an important milestone for the Bank that
contributed to entering Indonesia into the modern
banking era.
On 29 November 1989, CIMB Niaga continued its steps
to become a public company by listing its shares in
PT Bursa Efek Indonesia (formerly PT Bursa Efek Jakarta and
PT Bursa Efek Surabaya). In 1991, the Bank’s leadership
and innovation in implementing the latest technology
became increasingly recognized by becoming the first
bank to provide online banking services in 1991.
On 16 September 2004, CIMB Niaga began carrying out
banking business activities based on sharia principles
after obtaining the business license through the Decree
of the Governor of Bank Indonesia No. 6/71/KEP.GBI.2004
by establishing a Sharia Business Unit.
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Due to the Asian financial crisis in 1998, the majority in the presence of Notary Dr. Amrul Partomuan Pohan,
share ownership of the Bank was transferred to the S.H., LL.M., Notary in Jakarta. This merger is a major leap
Government of the Republic of Indonesia through the in the Southeast Asian banking sector and provides the
Indonesian Bank Restructuring Agency (IBRA). In 2002, advantage of CIMB Niaga’s connectivity to the ASEAN
CIMB Group Holdings Berhad (CIMB Group), formerly regional network through the CIMB Group.
Commerce Asset Holding Berhad, acquired the majority
share of the Bank from IBRA. In a separate transaction, To date, CIMB Niaga continues to provide leading banking
Khazanah, which is the majority shareholder of CIMB products and services comprehensively in Indonesia,
Group, acquired the majority ownership of Lippo Bank on covering the consumer banking, small and medium
30 September 2005. enterprise (SME) banking, commercial banking, and
corporate banking segments. This effort is supported
In 2007, all share ownership was transferred to CIMB by reliable treasury and capital market capabilities,
Group as part of an internal reorganization to consolidate transaction banking, and a reliable branchless banking
the activities of all CIMB Group subsidiaries with a network. CIMB Niaga also has sharia products and
universal banking platform. The majority of the Bank’s services through the CIMB Niaga Sharia Business Unit.
shares of 92.5% are directly and indirectly owned by In terms of transaction banking, CIMB Niaga offers a
CIMB Group Sdn. Bhd., which is the fifth largest universal variety of superior products and services as well as
banking group in ASEAN with an extensive regional comprehensive solutions in managing customer financial
network, including in Indonesia, Malaysia, Thailand, operations, both domestic and cross-border transactions.
Singapore, Cambodia, Brunei Darussalam, Vietnam, This solution includes cash management, remittance,
Myanmar, Laos, and the Philippines. trade finance, and value chain products.
Khazanah, as the controlling shareholder of CIMB Niaga CIMB Niaga strives to provide convenience for its
(through CIMB Group) and Lippo Bank since 2007, has customers to be able to carry out various financial
taken the step of a merger to comply with the Single transactions according to customer needs digitally,
Presence Policy (SPP) set by Bank Indonesia. This merger without having to come to the branch office, by utilizing
is the first in Indonesia related to the SPP policy. the BizChannel@CIMB application for the business
segment and OCTO Mobile and OCTO Clicks for individual
In 2008, prior to the merger, the name of PT Bank Niaga customers. Furthermore, CIMB Niaga complements its
Tbk changed to PT Bank CIMB Niaga Tbk (rebranding) advantages by providing convenience for customers to
based on Deed No. 38 dated 28 May 2008, made in the transact and use other banking services through OCTO
presence of Dr. Amrul Partomuan Pohan, S.H., LL.M., Pay, Digital Lounge, QRIS, and others.
Notary in Jakarta, and has received approval from the
Minister of Law and Human Rights of the Republic of As of the 2024 financial year, CIMB Niaga was the second
Indonesia through letter No. AHU-32968.AH.01.02 of largest privately owned bank in Indonesia based on
2008 dated 13 June 2008 and Decree of the Governor of total assets and the largest Sharia Business Unit (UUS)
Bank Indonesia No. 10/56/KEP.GBI/2008 dated 22 July 22 Network in Indonesia, with a network of 407 branch
2008. offices, including Sharia Branches, Digital Lounges,
Cash Mobile, and Kiosks, 2,282 ATM units, 6 Multi
The Bank carried out the merger of Lippo Bank into CIMB Denom Machine (MDM) units, and 977 Cash Recycle
Niaga based on the Decree of the Governor of Bank Machine (CRM) units, as well as 11,063 employees spread
Indonesia No. 10/66/KEP.GBI/2008 dated 15 October throughout Indonesia.
2008 concerning “Granting of Permit for the Merger of
PT Bank Lippo Tbk into PT Bank CIMB Niaga Tbk” and In the future, CIMB Niaga will continue to monitor
with the receipt of the letter of the Minister of Law and macroeconomic and industrial conditions accompanied
Human Rights of the Republic of Indonesia No. AHU- by the implementation of appropriate strategies and
AH.01.10-22669 dated 22 October 2008. policies. Efforts to synergize between business units
and the CIMB Group will also continue to be carried out
The statement of the merger obtained an effective in order to create sustainable growth. CIMB Niaga is
notification letter from Bapepam-LK through letter No. optimistic that it can continue to grow sustainably by
S-4217/BL/2008 dated 30 June 2008. The effective date adhering to the Bank’s core values in providing banking
of the merger with Lippo Bank was set on 1 November services to the community.
2008 based on Deed No. 9 dated 16 October 2008 made
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Name Change Information
Initial Company Name PT Bank Niaga
Deed of Establishment No. 90
Deed of Establishment Date 26 September 1955
Name Change PT Bank CIMB Niaga Tbk
Deed of Name Change No. 38
Deed of Name Change Date 28 May 2008
Notary Name Dr. Amrul Partomuan Pohan, S.H., LLM, Notary in Jakarta
Effective Date of Name Change 13 June 2008
Ratification of Name Change Letter of the Minister of Law and Human Rights of the Republic of
Indonesia No. AHU-32968.AH.01.02 of 2008 dated 13 June 2008
Business License Approval Following Name Change Decree of the Governor of Bank Indonesia
No.10/56/KEP.GBl/2008 dated 22 July 2008
Reason for Change Adjustment to the name of the Majority Shareholder
Membership in Associations
List of industry association memberships both nationally and internationally related to the implementation of sustainable
finance and other matters, as follows:
Organization Name Membership Status
National Bank Association (PERBANAS) Active
Indonesian Payment System Association (ASPI) Active
Indonesian Credit Card Association (AKKI) Active
Indonesian Banking Dispute Resolution Alternative Agency Active
(LAPS-SJK)
Indonesian Issuers Association (AEI) Active
Indonesia’s Sustainable Finance Initiative (IKBI) Active
Indonesian Corporate Secretary Association (ICSA) Active
Communication Forum of Banking Compliance Directors (FKDKP) Active
ACI Financial Market Association (ACI FMA) Indonesia Active
Indonesia Foreign Exchange Market Committee (I-FEMC) Active
Indonesian Bankers Association (IBI) Active
Indonesian Chamber of Commerce & Industry (KADIN) Active
Communication Forum for Director of Banking Operational (FKDOP) Active
Indonesian Employers’ Association (APINDO) Active
Indonesian Banking Human Capital Forum (FHCPI) Active
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Milestones
01 1955 02 1973-1983 03 1987
Established under the name of Merged with: The first bank to launch an ATM
PT Bank Niaga • Bank Agung in 1973
• Bank Tabungan Bandung in 1978
• Bank Amerta in 1983
14 2016 13 2014 12 2013
• Implemented “Core Banking System” Launched the first online time • Launched Digital Lounge
using one platform (”1P”) scheme deposits opening in Indonesia • Launched Rekening Ponsel
• Launched Visa Credit Card Pay Wave through CIMB Clicks • Launched Poin Xtra
Card and sticker (contactless) • Launched Net Banking - online
account opening
15 2017 16 2018
• Established 2nd call center in Yogyakarta • Became the first Public Company in Indonesia to conduct
• Launched Indie Account saving product shareholders electronic voting (e-voting) at the General
• Launched BizChannel@ CIMB for corporate customers Meeting of the Shareholders.
• Launched New Go Mobile services • Launched Precious Card credit card
• Launched Debit Contactless
• Digital Lounge@Campus
70 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
04 1989 05 1991 06 2002 07 2004 08 2005
Initial Public The first bank to CIMB Group Launched Rights Issue
Offering (IPO) provide Online took over Sharia Banking Rp1.3 trillion
in the Surabaya Banking services 50.99%
Stock Exchange
11 2012 10 2010 09 2008
• Launched new mobile banking platform - Go Mobile Launched BizChannel • Name change to PT Bank CIMB Niaga Tbk
• Launched Phone Banking service 14041 and and CIMB Clicks internet • Effective merger between CIMB Niaga & Lippo Bank
Preferred Phone Banking 1 500 800 with various banking platforms
exclusive features
17 2019 18 2020 19 2021
• Launched the Self-Service Banking • The Go Mobile app transformation into Launched OCTO Friends, a referral
engine with new features, namely card OCTO Mobile with full features like the application for CIMB Niaga
replacement and fast data updating in Super App products
just 5 minutes. • Launched OCTO Clicks, enhancement of
• Launched the Waqf QR CIMB Niaga internet banking utilizing the
latest advanced features
21 2023 20 2022
22 2024
• Non Pre-emptive Rights • Launched New OCTO Mobile • OCTO Card Launch
• Grand Champion of 2022 Annual Report • Won the ASEAN Top 20 PLCs Award in
Issue Award the 2021 ASEAN Corporate Governance
Scorecard Award
2024 Annual Report | PT Bank CIMB Niaga Tbk 71
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Corporate Vision, Mission,
Culture, and Core Values
VISION
To be the Leading
ASEAN Company
MISSION
Providing integrated universal banking
services in Indonesia as a company with
outstanding performance in the ASEAN region
and other key regions, while also promoting
the rapid acceleration of ASEAN integration
and connectivity with other regions.
Review Vision and Mission
CIMB Niaga has reviewed the suitability of the Company’s Vision and Mission for
the current state of the Bank and future business challenges. Based on the review
conducted by the Bank’s management at the Year End Senior Leaders Meeting on
6 December 2024, which was attended by the Board of Directors and representatives
of the Board of Commissioners, it can be concluded that the Company’s Vision
and Mission remain relevant with CIMB Niaga’s current conditions and to address
future challenges.
72 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Corporate Identity (Logo)
Logomark Logotype
LOGO
Spot Colour: 4-Colour Process (CMYK):
Pantone® 202C C 0% M 100% Y 85% K 60%
Pantone 485C®
C 0% M 100% Y 100% K 0%
ENABLING TALENT
Our commitment is to empower and develop every employee and strive to be
the best place for the best talent.
PASSION Greyscale:
We pursue excellence in all we do and deliver beyond the ordinary. Black 100%
Black 50%
INTEGRITY & ACCOUNTABILITY The official CIMB Niaga logo consists of 2 (two) main elements, namely the logomark and logotype, where these two
Our commitment is to act in an ethical and trustworthy manner and be elements are a single logo that cannot be separated. The CIMB Niaga logo is specifically designed to capture the identity
and values of the Company.
accountable of all of our actions.
Separately, these two elements have the following meanings:
COLLABORATION • Logomark
The logo symbol is an arrow motif formed with square graphics. This symbol illustrates the Company’s values and
We commit to team over individual success, as CIMB Niaga’s success is my spirit to always think and step forward.
success as well as our collective success.
• Logotype
Serves to strengthen the logomark as a descriptive word. All logotypes have the initials ‘CIMB’ and the suffix ‘Niaga’.
CUSTOMER CENTRICITY To ensure quality and consistency, the official CIMB Niaga logo cannot be changed or modified.
Our determination is to put customers first and always do right by them.
2024 Annual Report | PT Bank CIMB Niaga Tbk 73 2024 Annual Report | PT Bank CIMB Niaga Tbk 74
Page 76
Performance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Organization Structure
General Meeting of Shareholders
(GMS)
Risk Management Committee Asset & Liability Committee Information Technology Credit Policy Committee Executive Credit Committee Sharia Supervisory President Director
(RMC) (ALCO) Steering Committee (CPC) (ECC) Board Lani Darmawan
(ITSC)
Chairwoman Chairwoman Chairwoman Chairwoman Chairman
Lani Darmawan Lani Darmawan Lani Darmawan Lani Darmawan Rusly Johannes
Vice Chairman 1 Vice Chairman 1 Vice Chairwoman 1 Vice Chairman 1 Vice Chairman 1
Henky Sulistyo Lee Kai Kwong Tjioe Mei Tjuen Henky Sulistyo Henky Sulistyo
Vice Chairman 2 Vice Chairman 2 Vice Chairman 2 Vice Chairman 2 Vice Chairman 2
Lee Kai Kwong John Simon Lee Kai Kwong Noviady Wahyudi Tjahyadi Yapeter
Member Member Member Member Member
1. Tjioe Mei Tjuen 1. Henky Sulistyo 1. Henky Sulistyo 1. John Simon 1. Pandji P. Djajanegara
2. John Simon 2. Rusly Johannes 2. Noviady Wahyudi 2. Tjioe Mei Tjuen 2. Megawati Sutanto*
3. Noviady Wahyudi 3. Noviady Wahyudi 3. John Simon 3. Fransiska Oei 3. Miranty Supardi
4. Fransiska Oei 4. Pandji P. Djajanegara 4. Pandji P. Djajanegara 4. Lee Kai Kwong 4. Widodo Suryadi
5. Pandji P. Djajanegara 5. Rusly Johannes 5. Pandji P. Djajanegara 5. Kwok Budy Setiawan
6. Rusly Johannes Secretary 6. Fransiska Oei 6. Rusly Johannes 6. Hartanto Kurniawan August
7. Joni Raini Roy Bahren Siregar 7. Joni Raini 7. Joni Raini Saputro
8. Megawati Sutanto 8. Antonius Gunadi 8. Megawati Sutanto
9. Antonius Gunadi 9. Budiman Tanjung 9. Antonius Gunadi
10. Budiman Tanjung 10. Santori Malinton 10. Budiman Tanjung *
Special member for Restructuring
(anggota merangkap sekretaris) Proposal, High Watch List and
Secretary 11. Hartono Agus Secretary Impaired Loan
Nurpatria Sumirat Wahdinie Musmar
Consumer Banking Business Banking Treasury & Capital Market
Director Director Director
Noviady Wahyudi Rusly Johannes John Simon
Chief of Network and Digital
Banking
Budiman Tanjung
Head of Preferred,
Head of Region – Jakarta A & Head of Digital Banking,
Wealth and Insurance Head of Corporate Banking Head of Government Relations Head of Trading & Structuring
Kalimantan Branchless & Partnership
Business Miranty Supardi Rudy Hutagalung Ferdinand R. W.
Evita Barliana Lusiana Saleh
Ariteguh Arief
Head of Consumer Deposit & Head of Treasury Sales &
Head of Region – Jakarta B Head of Non Branch Channel Head of Commercial Banking Head of Transaction Banking
Strategic Partnership Distribution
Adeline Hendarto T. Heintje Mogi Widodo Suryadi Joni Hermanto
Wijaya Handoyo Jo Hernaman Tandianto
Head of Credit Card, Head of Structured &
Head of Risk Control Unit &
Head of Region – Sumatera Merchant, Personal Financing Head of Financial Institution Syndicated Finance Head of Money Market & Funding
Governance (NDB)
Maya Sartika Business Linda Marshelia and Loan Agency Sudarmi
Juto Budihardjo
Trisna Lucia M.S. Chialmi D. Rosalim
Head of Secured Lending
Head of Region - Jawa Barat Head of NDB Business Head of Risk Control Unit Head of RCU & TCM PB Risk
Business & Consumer Credit Head of Digital Economy
& Jawa Tengah Strategy & Performance (Business Banking) Analytic
Underwriting Dedy Sahat
Andiko S. Dea Nurani Ratri Setyorini Daniel E. Hutapea
Djojo Boentoro
Head of Branch Transformation Head of Consumer Collection
Head of Region – Jawa Timur Economist
& Sales Service Management & Recovery
Rhena Octaria Mika Martumpal
Gerry S. Tenges Banyon Anantoseno
Head of Region – Indonesia Head of Business Performance
Head of Treasury Islamic
Timur & Bali Nusra Management
Agus Setiono
Ahmad S. Ilham Aris Susanta
Head of Marketing, Brand, &
Head of Private Banking
Customer Experience
Juliana
Muhamad Firdaus
Head of Risk Control
Unit (Consumer Banking)
Maya Latif
75 PT Bank CIMB Niaga Tbk | 2024 Annual Report 76 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Integrated Governance Chairman
Committee Dody Budi Waluyo
Member Member Member Member Member
Endang Kussulanjari S. Serena K. Ferdinandus Yulizar D. Sanrego Achiran Pandu Djajanto Angelique Dewi Daryanto
Nomination & Remuneration Chairwoman
Committee Sri Widowati
Member Member Member
Didi Syafruddin Yahya Glenn M. S. Yusuf Nora Joice Kimbal
Board of
Commissioners Risk Oversight Chairman
Committee Glenn M. S. Yusuf
Member Member Member Member Member Member
Didi Syafruddin Yahya Vera Handajani Farina J. Situmorang Ronald T. A. Kasim Dody Budi Waluyo Angelique Dewi Daryanto
Chairman
Audit Committee Dody Budi Waluyo
Member Member Member
Glenn M. S. Yusuf Endang Kussulanjari S. Angelique Dewi Daryanto
Compliance,
Sharia Banking Risk Management Operations & Information Human Resources Strategy, Finance & SPAPM
Corporate Affairs &
Director Director Technology Director Director Director
Legal Director
Pandji P. Djajanegara Henky Sulistyo Tjioe Mei Tjuen Joni Raini Lee Kai Kwong
Fransiska Oei
Chief Special Asset
Chief Audit Executive
Officer
Antonius Gunadi
Megawati Sutanto
Head of HRBP 1 Head of Audit –
Head of Sharia Head of Operational Risk Head of Loan Workout Head of Wholesale Head of Legal/ Head of Emerging
(BB, TCM, Risk, SA) & Industrial Head of Finance Business Banking & Consumer
Business Banking Management (Corporate Banking) Banking Operations General Counsel Business Banking
Relations Stella Fiona Banking
Riboet Budiono Julius Wiantara Tjhioe Lucia Arianti G. Tajindra Pal Singh Surya Kirana Sulistiyo Tony Tardjo
Pribadi Wijayanti K. Banar Yuniarta
Head of HRBP 2
Head of Risk Analytics & Head of Loan Workout Head of Consumer Head of Audit-
Head of Sharia Consumer Head of Compliance Management (Enablers, OIT) Head of Operational Accounting
Infrastructure (COMBA & EBB) Banking Operations Enabler
Bung Aldilla Liston Siahaan & Talent Partnership Ria Yohanita
Jemy Kristian Lena Albert Suhandinata Elisa Gunawan
Solihin Hakiekie
Head of Sharia Risk Control, Head of Non-Retail Head of HRBP 3
Head of Foreclosed Asset & Head of OIT Risk Control Unit & Head of Strategic Procurement Head of Audit – Technology
Governance, Business Solution & Credit Policy and Head of Anti Money Laundering (Consumer, NDB, & Sharia) & Mass
Business Planning Strategic Risk Analytics & Admin Property Management Assurance & Data Analytics
Process Excellence Assurance Testing Peter Gunawan Resourcing
Paskalina Singara Ketut Meliana Saputra Waskin Fransiska Liminda H.
Hotamawaty Wahdinie Musmar Andi I. Dalimunthe
Head of Retail Credit Head of Corporate Head of Decision Management Head of Audit – Operation,
Head of Advisory & Legal Head of Information Technology Head of Learning & Development
Risk Management Secretary and Advance Analytics Network & Sharia
Syamsul Aidi B. Santori Malinton Muhammad Shodiq
Koei Hwei Lien Fransiska Oei* Angelica Permatasari Lydiya Widjaja
Head of Sharia Strategy, Head of Good
Head of Market Risk Management Head of OIT Office, Cost Head of HR Shared Head of Capital & Head of Audit – Professional
Performance, Reporting, Analytics, Corporate Governance &
& Model Validation Management & Analytics Services & MIS Balance Sheet Management Practices
& Transformation Sustainability
Diva Mahdi Magdalena Gunardi Nora Joice Kimbal Roy Bahren Siregar Sudono Salim
Ahmad Nasihi Ulil Amri Lina
Head of Audit – TB,
Head of HR Strategy,
Head of ALM Risk Head of Cyber Security Head of Tax Management Risk Management,
COE & Risk Control
Sandi Maruto Hartono Agus Debby Maulidya S. Treasury & Product
Eric G. Kosasih
Albert Agustius
Head of Non-Retail Credit Risk Head of Non Retail Credit Head of Rewards Head of Risk Control Unit
Management Administration & Budgeting (SF & SPAPM)
Tjahjadi Yapeter I Gusti Ngurah Dwi S. Livia Sutanto Faizin R. Setiadi
Head of
Head of Anti Fraud Management Transformation &
Dwi Novi Kusumawati Strategy Office
Description: Eric Augie Saputra
D-0/Director
D-0/Chief
D-1 *
Interim
2024 Annual Report | PT Bank CIMB Niaga Tbk 77 2024 Annual Report | PT Bank CIMB Niaga Tbk 78
Page 78
Performance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Line of Business CIMB NIAGA PRODUCTS AND SERVICES o API OctoPay Binding
o API OctoPay Binding Inquiry
SAVINGS PRODUCTS o API OctoPay Unbiding
• CIMB Junior o API OctoPay Verified OTP
• Indie Account o API OctoPay Balance Inquiry
• OCTO Savers o API OctoPay Transaction History List
• Xtra Savers o API OctoPay Notify
BUSINESS ACTIVITIES PURSUANT TO 9. Perform custodian activities for the interest of other o API OctoPay OTP
• Xtra Saver Manfaat
ARTICLES OF ASSOCIATION parties based on an agreement;
• Tabungan Investor o API Mastercard Send Payment
According to the most recent CIMB Niaga Articles of 10. Place funds from a customer to another customer • TabunganKu • API Non SNAP
in the form of commercial papers not listed on stock o API offline Credit Card Payment
Association, CIMB Niaga was established with the goal • Tabungan SimPel (Student Savings)
• XTRA Pandai o API QRIS Cash Out
and objective of carrying out business activities in the exchanges; o API ATM/Branch Locator
11. Perform factoring activities, credit card business, and • GOAL Savers
Commercial Banking sector, as stated in Deed No. 54 o API Calculator
• Time Deposit
dated 25 October 2024, made in the prrsence of Ashoya trusteeship activities; • Giro Usaha o API Digital Form Rekening Dana Nasabah (RDN)
Ratam, S.H.,M.Kn., Notary in the Administrative City 12. Perform activities in foreign exchange in compliance • Giro (Individual/Corporate) o API Digital Form Rekening Dana Lender (RDL)
with the provisions stipulated by Bank Indonesia and o API Account Opening Status
of South Jakarta.In order to achieve these goals and o API Account Opening Supporting Document
objectives, CIMB Niaga may engage in the following main Financial Services Authority (OJK); SHARIA SAVINGS PRODUCTS
• Tabungan iB Pahala Wadiah/Mudharabah (IDR/USD) o API Forex(Today)- Market Rate Inquiry
and supporting business activities: 13. Perform sharia-compliant banking activities in o API Forex (Today)- Fund Transfer Settlement
• Tabungan iB Payroll Mudharabah
compliance with the provisions stipulated by Bank • Tabungan Investor iB o API Forex for Streaming
Indonesia and Financial Services Authority (OJK); o API Time Deposit Inquiry List
MAIN BUSINESS ACTIVITIES • Xtra Savers iB
• Xtra Savers iB Valas o API Time Deposit Inquiry Detail
1. Collect funds from the public in the form of deposits, 14. Perform marketing agency activities for nonbanking o API Utility Payment
products such as insurance, mutual funds, government • Deposito iB IDR/USD
namely current accounts, time deposits, certificates o API Bill Payment Smartfren
• Goal Savers iB IDR/USD
of deposits, saving accounts, and/or other equivalent bonds, or others pursuant to regulations. • Giro iB Wadiah/Mudharabah IDR/Valas (Individual/ o API Bill Payment Telkom
forms, both in Rupiah and foreign currencies; Perusahaan) o API Bill Payment PDAM
• Giro Usaha Mudharabah iB (Individual/Perusahaan) o API Bill Payment PBB
2. Provide loans, either long-term, medium-term, or o API Bill Payment BPJS Kesehatan
short-term, or loans in other forms that are commonly SUPPLEMENTARY BUSINESS ACTIVITIES • Octo Savers iB
o API Bill Payment PLN PrePaid
• Octo Savers Jr iB
provided in the banking sector, both in Rupiah and 1. Purchase through auctions or by other means, o API Bill Payment Postpaid
• TabunganKu iB
foreign currencies; collateral either wholly or partially in terms of the • Simpanan Pelajar (Simpel) iB o API Corporate Credit Card VCN Inquiry
debtors default on their obligations to the Bank, under o API Corporate Credit Card VCN inquiry Transaction
3. Issue acknowledgment of indebtedness (debt
ELECTRONIC ACCESS FACILITIES History Detail
instruments); the condition that the purchased collateral is required o API eSupply Chain Financing [LGW1]- Invoice
to be immediately disbursed; • Contact Center CIMB Niaga: 14041/+6221-29978888
4. Purchase, sell, or collateralize at its own risk or for the Submission
(from overseas)
interest and as per instruction of its customers: 2. Perform capital investment in a bank or other financial • Preferred Assistant 1500800 o API eSupply Chain Financing [LGW2]- Invoice Detail
institution, such as leasing, venture capital, consumer • Contact Center BizChannel@CIMB: 14042 Inquiry
a. Commercial bill of exchange including o API eSupply Chain Financing [LGW3]- Cancellation
financing, securities or insurance companies or in a • Preferred Assistant
those,accepted by banks with validity periods • Debit Card o API eSupply Chain Financing [LGW4]- Account Inquiry
clearing and guarantee institution, and settlement Detail
no longer than the customary commercial • Automatic Teller Machine (ATM)
and custodian institutions in accordance with Bank • Bulk Payment
instruments; • Cash Recycling Machine (CRM)
Indonesia and OJK regulations; • Multi-Denom Machine (MDM) • e-Chain
b. Acknowledgment of indebtedness and other 3. Perform temporary capital investments to manage the • Electronic Data Capture (EDC) • e-Factoring
commercial papers with validity periods no longer • OCTO Merchant • e-Notification
consequences of default, or sharia-based financing • e-Statement & e-Combine Statement
than the customary commercial instruments; default, under the condition that the investment shall • Payment Gateway (PG)
• QRIS (Static and Dynamic) • e-Tax Payment
c. State treasury notes and government guarantee be withdrawn in compliance with Bank Indonesia and/ • OCTO Clicks • Fax Statement
instruments; or OJK regulations; • OCTO Mobile • OCTO Pay (e-Money)
4. Act as pension fund founder and pension fund • BizChannel@CIMB • Video Banking
d. Bank Indonesia Certificates (SBI); • Digital Lounge
manager pursuant to the laws and regulations • BizChannel@CIMB Mobile
e. Bonds; • Account Balance Consolidation • Domestic and International Transfers
concerning pension funds; • Cardless Cash Withdrawals and Deposits
f. Promissory notes valid up to 1 (one) year pursuant • API (Application Programming Interface) – SNAP (Standar
5. Perform other supporting activities to sustain Nasional Open API Pembayaran) • Bills Payment & Top Up (Phone Credit, Internet/Data, PLN,
to prevailing laws and regulations; and e-Wallet)
the Bank’s main business activities as commonly o API Internal Account Inquiry
g. Other commercial instruments valid up to 1 (one) o API External Account Inquiry • Corporate Credit Card Virtual Card Number (VCN)
performed by a bank as long as they do not contravene • Virtual Card Number (VCN)
year, pursuant to prevailing laws and regulations. any laws and regulations. o API Trigger Interbank (BI Fast/GPN)
o API SKNBI • Account Opening (Rupiah and foreign exchange), Credit
5. Transfer funds in the interests of both the bank and its Cards, Mutual Funds, Bonds, Insurance and Time Deposits
customers; o API RTGS
BUSINESS ACTIVITIES CONDUCTED IN THE o API Transaction Status Inquiry Online
6. Place funds in, borrow from, or lend to other banks 2024 FINANCIAL YEAR o API Balance Inquiry • Bulk Transactions & Scheduled Transactions
using notes, telecommunication devices, sight drafts, o API Transaction History List • Financial Check-Up: See Total Fund Placement, and
As of 31 December 2024, CIMB Niaga has carried out Outgoing/Incoming Money Flows
checks, or any other means; all of its business activities in accordance with the o API Direct Debit (Octocash)
o API QRIS MPM Acquiring- Query Payment • Pay with OCTO Mobile with Scan QRIS
7. Accept payments from commercial paper and perform guidelines stipulated in the Bank’s most recent Articles • Foreign Exchange Transactions to Own Accounts at
o API QRIS MPM Acquiring-Refund Payment
calculations with or among third parties; of Association. Competitive Rates
o API QRIS MPM Acquiring-Payment Notify
8. Provide safe deposit boxes to store valuable goods o API QRIS CPM Acquiring • Travel Concierge: Buy Airline Tickets Through the Mobile
and commercial papers; o API VA Inquiry Banking Application
o API VA Payment • Buy Games Vouchers
o API VA Payment Status • Checks and Points Xtra Transactions (Loyalty Points)
o API Inquiry VA Payment to VA from Intrabank • Cash Plus facility via OCTO Mobile/Clicks
o API Inquiry VA Payment to VA from Interbank • Installment facility via OCTO Mobile/Clicks
o API Account Binding • Credit Protector registration facility via OCTO Mobile
o API Direct Debit Payment • OCTO Cash
o API OctoPay Creation • OCTO Card (Digital Credit Card)
o API OctoPay Inquiry • Waqf
• Visa Direct Credit Card Bill Payment
79 PT Bank CIMB Niaga Tbk | 2024 Annual Report 80 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
INDIVIDUAL LOANS • Market Linked Deposit
• Mortgage • SWAP Depo
• Auto Loan Joint Financing • Strike Currency
• Consumer loan products with cash and securities as • Call Money
collateral (Personal Credit Line) • Negotiable Certificate of Deposit
• Xtra Dana (Personal Loan) • Forward Goal Saver
• Credit Card • Bank Indonesia Rupiah Securities (SRBI)
• Corporate Credit Card • Bank Indonesia Foreign Exchange Securities (SVBI)
• Xtra Kasbon • API for FX
• OCTO Loan • Bank Indonesia Foreign Currency Sukuk (SUVBI)
• Sustainability Linked Loan/Financing
INDIVIDUAL SHARIA FINANCING • Sustainable Financing
• Mudharabah Muqayyadah
• Mortgage iB SHARIA BUSINESS, TREASURY, AND CORPORATE
• Indirect Auto Financing iB BANKING
• Xtra Dana iB (Personal Financing iB) • Working Capital Financing iB and USD Working Capital iB
• Sharia Credit Card • Investment Financing iB and USD Investment iB
• Current Account Financing (PRK) iB
BUSINESS, TREASURY, AND CORPORATE BANKING • FX Today/Tom/Spot
• Working Capital Loan • Sharia Hedging
• Investment Loan • Bank Notes
• Syndicated Loan • Buying and Selling Sukuk
• Partnership (Linkage Program) • Issuance of Sukuk Mudharabah
• Trustee & Agency Services • Bank Guarantee iB
• Custodian Services • Custom Bond iB
• Payment Bank • Demand Guarantee iB
• Investor’s Fund Account Administrator Bank • Counter Guarantee iB
• Intraday • Shipping Guarantee iB
• Value Chain - Distributor/Dealer Financing • Standby Letter of Credit iB
• Value Chain - Supplier Community Finance • Letter of Credit iB – Sight and Usance
• Factoring • SKBDN iB (Surat Kredit Berdokumen Dalam Negeri)
• Bank Guarantee • Usance Payable At Sight/Usance (UPAS/UPAU) iB
• Custom Bond • Post Import Financing/TR iB
• Demand Guarantee • Letter of Credit/SKBDN iB Forwarding
• Counter Guarantee • Letter of Credit/SKBDN iB Transfer
• Shipping Guarantee • SKBDN iB Negotiation/Discounting with Facilities
• Standby Letter of Credit • SKBDN iB Negotiation/Discounting without Facilities
• Letter of Credit - Sight and Usance • Letter of Credit iB Negotiation/Discounting with Facility
• SKBDN(Surat Kredit Berdokumen Dalam Negeri) – Sight • Letter of Credit iB Negotiation/Discounting without Facility
and Usance • Export SKBDN iB Financing with Facilities
• Inward/Outward Documentary Collection-D/P and D/A • Export SKBDN iB Financing without Facilities
• Usance Payable At Sight/Usance (UPAS/UPAU) • Export Letter of Credit iB Financing with Facility
• Post Import Financing/Trust receipt • Export Letter of Credit iB Financing without Facility
• Import Tax - PIB/PIBT • Inward/Outward Documentary Collections - D/P iB and D/A
• Letter of Credit/SKBDN Advising iB
• Letter of Credit/SKBDN Transfer • Account Receivable Trade Financing iB
• SKBDN Negotiation/Discounting with Facilities • Account Payable Trade Financing iB
• SKBDN Negotiation/Discounting without Facilities • Pre-Shipment Financing iB - Salam
• Letter of Credit Negotiation/Discounting with Facility • Supply Chain Financing iB
• Letter of Credit Negotiation/Discounting on Export Letter
of Credit without Facility OTHER SERVICES
• Pre-Shipment Financing • Bank Draft
• Account Receivable Trade Loan • Special Funds Transfer
• Account Payable Trade Loan • Safe Deposit Box
• Confirmation Letter of Credit • Preferred Collection Services
• Avalisasion • Cash Mobile
• Forfaiting • Cash Pick Up
• Risk Participation • Corporate Credit Card
• Bank Notes • Cash Sweeping
• FX Today/Tom/Spot • Virtual Account
• FX Forward
• FX Swap
• Par Forward
• Domestic Non Deliverable Forward
• Local Currency Settlement
• FX Option
• Call Spread Option
• Interest Rate Swap
• Cross Currency Swap
• Interest Rate Option
• Buy and Sell Government and Corporate Bond
• Retail Bond
• Bond Investment
• Repo/Reverse Repo
• Bond Forward Casa
• Bond Link Investment
• Bond Link Deposit
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Business Network and Operating Areas
Nanggroe Aceh Darussalam
East Kalimantan
North Kalimantan
North Sumatra
Riau Islands
Central Kalimantan
West Kalimantan
Riau
Jambi
Bangka Belitung
Islands
West Sumatra
South Sumatra South Kalimantan
Jakarta
Central Java
Lampung
Banten Bali
West Java
Sumatera Yogyakarta
Aceh 2 East Java
West Sumatra 4 West Nusa Tenggara
South Sumatra 7
Kalimantan
North Sumatra 24
Riau Islands 8 West Kalimantan 3
Riau 9 South Kalimantan 3
Jambi 2 Central Kalimantan 1
Bangka Belitung Islands 1 North Kalimantan 8
Lampung 4 East Kalimantan 1
Sulawesi
South Sulawesi 7
Jawa Bali South-East Sulawesi 1
Banten 20 North Sulawesi 2
Bali 10
West Java 68
DKI Jakarta 100
Nusa Tenggara Maluku and Papua
DI Yogyakarta 13
Central Java 42 West Nusa Tenggara 3 Maluku 1
East Java 56 East Nusa Tenggara 1 Papua 6
82 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 81
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
407
Total
Office Network*
Maluku
North Sulawesi
Papua
South-East Sulawesi
South Sulawesi
East Nusa Tenggara
ATM CRM MDM
2,282 Units
977Units
6
Units
Branches Digital Lounges Cash Mobiles Kiosks
407 Offices
38Location
33 Cars
24
Kiosks
*
Includes Sharia Branch, Digital Lounges, Cash Mobile, and Kiosk.
2024 Annual Report | PT Bank CIMB Niaga Tbk 83
Page 82
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Board of Commissioners’ Profiles
Educational • Master of Arts in Economics from the University of Cambridge, United Kingdom
Background (1992)
• Bachelor of Arts in Economics from the University of Cambridge, United Kingdom
(1989)
Work • Commissioner at PT Bank CIMB Niaga Tbk (2019-2020)
Experiences • Independent Non-Executive Director at CIMB Investment Bank Berhad (2017-
2022)
• Managing Director, Head of Investment Banking at JP Morgan Malaysia (2005-
2016)
• Vice President, Investment Banking at JP Morgan Indonesia (formerly Jardine
Fleming (1993-2005)
• Manager at Morgan, Grenfell & Co., London, UK and Jakarta, Indonesia (1992-
1993)
• Senior Auditor at Arthur Andersen & Co., London, UK (1989-1992)
Concurrent Other Public Companies
Positions Independent Non-Executive Director at CIMB Group Holdings Berhad (2019 - present)
Other Institutions
Didi Syafruddin Yahya Independent Commissioner of PT XL Axiata Tbk (2024 - present)
President Commissioner Legal Basis of Appointed as Commissioner of CIMB Niaga for the first time based on the resolution
Appointment of the AGMS on 15 April 2019 and effective 20 November 2019. Then, appointed as
Age 57 years old President Commissioner of CIMB Niaga at the AGMS on 9 April 2020 and effective
7 July 2020.
Gender Male
Affiliated Does not have affiliated relationship with other members of the Board of
Nationality Indonesia Relationship Commissioners and members of the Board of Directors, but he is affiliated with
the Ultimate and Controlling Shareholders.
Domicile Malaysia
Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Commissioners section in this Annual Report.
Certification Risk Management Level 6, issued by the Banking Professional Certification Institute
Term of Office 2023 - 2026
(LSPP) on 23 September 2024.
Educational • Master in Business Management from Asian Institute of Management, Makati,
Background Philippines (1981)
• Bachelor of Arts in Economics from University of the Philippines, Manila,
Philippines (1979)
Work • Vice President Commissioner at CIMB Niaga (2012 – 2019)
Experiences • Commissioner at CIMB Niaga (2010 – 2012)
• Independent Non-Executive Director at CIMB Group Holdings Berhad (2010-2019)
• President Director at PT Pabrik Kertas Basuki Rachmat (2010-2011)
• Commissioner at PT Surya Citra Media Tbk (2004-2012)
• President Commissioner at PT Polyprima Karyareksa (2004-2010)
• President Director/CEO at PT London Sumatera Indonesia Tbk (2003-2007)
• Head of the Assistance Team for the Minister of Finance for Financial Sector
Restructuring at the Ministry of Finance of the Republic of Indonesia (2001-2004)
• President Director at PT (Persero) Danareksa (1995-2001)
• Chairman of the Indonesian Bank Restructuring Agency (IBRA) (1998-2000)
• Director General of Financial Institutions, Ministry of Finance of the Republic of
Indonesia (1998)
• Director at PT Bahana Pembinaan Usaha Indonesia (1994-1995)
Glenn M. S. Yusuf# • Director of Finance at PT Bank Niaga Tbk (1991-1994)
Vice President Commissioner (Independent) • Investment Banking Group Head at PT Bank Niaga (1989-1991)
• GM of Los Angeles Agency at PT Bank Niaga (1985-1989)
Age 69 years old • Manager of Capital Markets Group at Citibank, NA (1981-1985)
• Leasing Officer at Citilease (1981-1985)
Gender Male
Concurrent Other Public Companies
Nationality Indonesia Positions Independent Commissioner of PT Surya Citra Media Tbk (2012 - present)
Other Institutions
Domicile Jakarta -
Legal Basis of Appointed as Vice President Commissioner (Independent) of CIMB Niaga for the
Appointment first time based on the Resolution of the AGMS on 9 April 2020 and effective on 16
Term of Office 2024-2027 September 2020.
Affiliated Does not have affiliated relationship with other members of the Board of
#
Appointed as Senior Independent Commissioner Relationship Commissioners, members of the Board of Directors, or the Ultimate and Controlling
of the Bank through CIMB Niaga Board of Shareholders.
Commissioners Circular Decree No. 011/DEKOM/
KP/V/2024 dated 6 May 2024. Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Commissioners section in this Annual Report.
Certification Risk Management Level 6, issued by the Banking Professional Certification Institute
(LSPP) on 23 September 2024.
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Educational • Master of Science in Finance from the University of Denver Colorado, United
Background States (1992)
• Bachelor of Business Management from Trisakti University (1990)
Work • Chief Growth and Digital Officer at PT Unilever Indonesia Tbk (2019-2021)
Experiences • Managing Director at Facebook Indonesia (2016-2019)
• Vice President of Garnier South Asia at L’Oreal Asia Pacific Singapore (2011-
2015)
• Head of Garnier International Marketing ASEAN at L’Oreal Asia Pacific Singapore
(2011-2012)
• Regional Category Director at Unilever Asia Pacific Singapore (2008-2010)
• Regional Brand Director at Vaseline & Natural brands Asia, Unilever Asia Pacific
Singapore (2005-2008)
Concurrent Other Public Companies
Positions -
Other Institutions
Vice President Marketing Danone Specialized Nutrition (SN) Indonesia & Waters
Indonesia (2021 - present)
Sri Widowati
Legal Basis of Appointed as Independent Commissioner of CIMB Niaga for the first time based
Independent Commissioner Appointment on the Resolution of the AGMS on 15 April 2019 and effective 20 November 2019.
Affiliated Does not have affiliated relationship with other members of the Board of
Age 57 years old Relationship Commissioners, members of the Board of Directors, or the Ultimate and Controlling
Shareholders.
Gender Female
Education and Education and training in 2024, is presented separately in the Education and
Nationality Indonesia Training in 2024 Training of the Board of Commissioners section in this Annual Report.
Domicile Jakarta Certification Risk Management Level 6, issued by the Banking Professional Certification Institute
(LSPP) on 23 September 2024.
Term of Office 2023 - 2026
Educational • Master of Business Administration from Kellogg-Hong Kong University of
Background Science and Technology, Hong Kong/USA (2013)
• Bachelor of Management Economics from Trisakti University, Jakarta (1994)
Work • Director of Risk Management at CIMB Niaga (2013-2021)
Experiences • Head of Operational Risk Management, Greater China and Markets Asia Pacific
at Royal Bank of Scotland, Hong Kong (2012-2013)
• Head of Financial Institutions Credit & Trading Credit Risk Management, Greater
China & South Korea at Royal Bank of Scotland, Hong Kong (2010-2012)
• Head of Financial Institutions Credit, South Asia at ABN AMRO Bank/The Royal
Bank of Scotland, Hong Kong (2007-2010)
• Vice President, Regional Risk Asia at ABN AMRO Bank, Hong Kong (2005-2007)
• Vice President, Financial Restructuring & Recovery Asia Pacific at ABN AMRO
Bank, Singapore (2003-2005)
• Assistant Vice President, Financial Restructuring & Recovery at ABN AMRO
Bank, Jakarta (1999-2003)
• Account Corporate Banking Manager at BNP Lippo, Jakarta (1997-1999)
• Corporate Banking Account Officer at LTCB Central Asia, Jakarta (1995-1997)
Vera Handajani Concurrent Other Public Companies
Commissioner Positions Group Chief Risk Officer, CIMB Group Sdn. Bhd., Malaysia (2021 - present)
Other Institutions
Director at CIMB Thai (2022 - present)
Age 53 years old
Legal Basis of Appointed as Commissioner of CIMB Niaga for the first time based on the Resolution
Gender Female Appointment of the EGMS on 17 December 2021 and effective since the closing of the EGMS.
Nationality Indonesia Affiliated Does not have affiliated relationship with other members of the Board of
Relationship Commissioners and members of the Board of Directors, but she is affiliated with
Domicile Malaysia the Ultimate and Controlling Shareholders.
Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Commissioners section in this Annual Report.
Term of Office 2021-2025
Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
(LSPP) on 21 May 2024.
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Highlights Report Profile Discussion & Analysis Management
Educational • Master of Public Administration (MPA), Harvard Kennedy School of Government,
Background Harvard University, USA (2024)
• Master of Business Administration (MBA), Kellogg School of Management,
Northwestern University, USA (2010)
• Bachelor of Social Science, Communication Studies from the University of
Indonesia (2003)
Work • Chief Executive Officer & Co-Founder at Pensieve (2021 - 2023)
Experiences • Advisor & Partner in Majoritas (2022-2024)
• Managing Partner & Co-Founder at Catalyst Strategy (2014-2020)
• Chief Marketing Officer at HARA (2018)
• Market Development Lead at WhatsApp, Inc. (2014-2015)
• Delivery Unit Lead for Agriculture & Forestry Task Force, Office of the Deputy of
Social Welfare (2014) at Joko Widodo Presidential Transition Team (2014)
• Head of Digital Strategy & Campaign at Joko Widodo Presidential Election
Campaign Team (2014)
• Telkom Project Lead at Kinara Consulting (2013-2014)
• Director, Marketing & Business Development, Asia Pacific, San Francisco at Bislr,
Inc. (2013)
Farina J. Situmorang • Global Commercial Strategy Manager, Canada at Research in Motion/Blackberry
Independent Commissioner (2010-2012)
• Product Marketing Manager - Developer Tools, Indonesia at Microsoft (2007-2008)
Age 42 years old • Global Accounts Manager/Sales at IBM (2005-2007)
• Brand Marketing, Corporate Management Associate at Nestle (2004)
Gender Female
Concurrent Other Public Companies
Nationality Indonesia Positions -
Other Institutions
Domicile Jakarta Chairperson & Co-Founder at Pensieve (2023 – Present)
Legal Basis of Appointed as Independent Commissioner of CIMB Niaga for the first time based on
Appointment the Resolution of the AGMS on 10 April 2023 and effective 25 January 2024.
Term of Office 2023 - 2026
Affiliated Does not have affiliated relationship with other members of the Board of Commissioners,
Relationship members of the Board of Directors, or the Ultimate and Controlling Shareholders.
Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Commissioners section in this Annual Report.
Certification Risk Management Level 6, issued by the Risk Management Certification Agency
(BSMR) on 20 December 2023.
Educational • Master of Business Administration, Finance, University of Colorado, USA (1994)
Background • Bachelor of Economics, University of Indonesia (1986)
Work • Deputy Governor of Bank Indonesia (2018-2023) and Member of the Board of
Experiences Commissioners of OJK, ex-officio BI (2019-2022)
• Assistant Governor of the Department of Economic and Monetary Policy, Bank
Indonesia (2017-2018)
• Executive Director of the Department of Strategic Management and Governance,
Bank Indonesia (2014-2017)
• Executive Director of the Department of Economic and Monetary Policy, Bank
Indonesia (2013-2014)
• Executive Director of the Department of Strategic Planning and Public Relations,
Bank Indonesia (2012-2013)
• Director of the International Department, Bank Indonesia (2010-2012)
• Director of the Department of Monetary Management, Bank Indonesia (2006-2009)
• Deputy Director of the Department of Economic and Monetary Statistics, Bank
Indonesia (2003 - 2006)
• Advisor to the Executive Director, SEAVG Office, IMF, Washington DC Bank
Indonesia (2000-2003)
Dody Budi Waluyo • Assistant Director, Bureau of the Governor of Bank Indonesia (1998 - 2000)
Independent Commissioner • Economic Analysis Staff, Economic Research and Monetary Policy Affairs, Bank
Indonesia (1988 - 1998)
Age 62 years old Concurrent Other Public Companies
Positions -
Gender Male
Other Institutions
Nationality Indonesia • Chairman of Advisory Panel Member, ASEAN+3 Macroeconomic Research Office
(AMRO), Singapore (2023 - present)
Domicile Jakarta • President Commissioner of PT Aplikanusa Lintasarta, Jakarta (2023 - present)
• Deputy Chairperson/Chairperson of Division VII for Development of Islamic
Economic and Financial Policy of the Indonesian Islamic Economists Association
(IAEI) (2019 - present)
Term of Office 2024-2027 • Executive Member (Member of the Advisory Board/ex-Chairperson of Division 2
for Study and Formulation of Economic and Financial Policy of the Indonesian
Economists Association (ISEI) (2018 - present)
Legal Basis of Appointed as Independent Commissioner of CIMB Niaga based on the Resolution of
Appointment the AGMS on 3 April 2024 and effective on 21 August 2024.
Affiliated Does not have affiliated relationship with other members of the Board of Commissioners,
Relationship members of the Board of Directors, or the Ultimate and Controlling Shareholders.
Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Commissioners section in this Annual Report.
Certification Risk Management Level 6, issued by the Banking Professional Certification Institute
(LSPP) on 3 June 2024.
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Educational • Chartered Accountants Australia and New Zealand (2006)
Background • Master of Commerce with Merit (Finance) at The University of Sydney, Australia
(2003)
• Bachelor of Commerce, Accounting and Finance at The University of Melbourne,
Australia (2002)
Work • Co-Chief Executive Officer of Group Wholesale Banking (GWB) at CIMB Group
Experiences (July 2022 - June 2024)
• Chief Executive Officer at CIMB Investment Bank Berhad (June 2023 - June 2024)
• Head of Equity Capital Markets, Southeast Asia & Head of Investment Banking,
Malaysia at J.P. Morgan (September 2006 - July 2022)
• Corporate Finance at PricewaterhouseCoopers Advisory (February 2004 -
September 2006)
Concurrent Other Public Companies
Positions Director at CIMB Group Holdings Berhad (July 2024 - present)
Other Institutions
• Director at CIMB Investment Bank Bhd (June 2023 - present)
• Director at CIMB Bank Berhad (July 2024 - present)
Novan Amirudin • Director at CIMB Securities Sdn Bhd (February 2024 - present)
Commissioner Legal Basis of Appointed as Commissioner of CIMB Niaga based on the Resolution of the EGMS on
Appointment 25 October 2024 and effective as of 26 Februari 2025.
Age 44 years old Affiliated Does not have affiliated relationship with other members of the Board of
Relationship Commissioners and members of the Board of Directors, but he is affiliated with
Gender Male
the Ultimate and Controlling Shareholders.
Nationality Malaysia Education and Education and training in 2024, is presented separately in the Education and
Domicile Malaysia Training in 2024 Training of the Board of Commissioners section in this Annual Report.
Certification Risk Management Level 6, issued by the Banking Professional Certification Institute
(LSPP) on 22 November 2024.
Term of Office 2024-2027
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Highlights Report Profile Discussion & Analysis Management
Board of Directors’ Profiles
Educational Bachelor of Dentistry from Trisakti University, Jakarta (1985)
Background
Work • Consumer Banking Director at CIMB Niaga (2016-2021)
Experiences • Retail Banking Director at PT Bank Maybank Indonesia Tbk (2012-2015)
• Executive Vice President, Head of Network at PT Bank Permata Tbk (2010-2012)
• Country Head Consumer Banking Indonesia at Standard Chartered Bank, Jakarta
(2004-2010)
• Vice President Consumer Banking Group Head at PT Bank Lippo Tbk (2000-2004)
• Vice President Business Development & Card Acquisition at Citibank Indonesia,
Jakarta (1999-2000)
• Chief Manager - Deputy General Manager Card Business at PT Bank Central Asia
Tbk (1990-1999)
Concurrent Other Public Companies
Positions -
Other Institutions
President Commissioner of PT CIMB Niaga Auto Finance (Subsidiary) (2019 -present)
Lani Darmawan Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution of the
Appointment AGMS on 15 April 2016 and effective on 3 May 2016. Last appointment as Director
President Director of CIMB Niaga based on the Resolution of the AGMS on 9 April 2020. Appointed
as President Director of CIMB Niaga based on the Resolution of the EGMS on 17
Age 62 years old December 2021 and effective on 9 March 2022.
Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Gender Female
Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Nationality Indonesia Shareholders.
Domicile Jakarta Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Directors section in this Annual Report.
Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
(LSPP) on 21 May 2024.
Term of Office 2021-2025
Educational • Harvard Business School, Executive Education Leadership in the Digital Era (2023)
Background • Cambridge Summer School Program, Executive Education from Cambridge
University (2018)
• Bachelor of Science in Finance from Indiana University of Pennsylvania, United
States (1990)
Work • Head of Finance and Strategic Procurement and Admin Property Management
Experiences (SPAPM) at CIMB Niaga (2018- 2019)
• Senior Managing Director, Regional Head, Consumer Business Planning and
Analysis at CIMB Bank Malaysia (2012-2018)
• Senior Vice President-Head Consumer Product Management at RHB Bank,
Malaysia (2010-2012)
• Senior Vice President-Head of Finance and Planning at OCBC Bank, Malaysia
(2007-2010)
• Citibank Berhad Malaysia with the last position as Vice President-Head of
Business Planning & Analytics (1991-2007)
Concurrent Does not hold concurrent positions, either as a member of the Board of Directors,
Positions member of the Board of Commissioners, member of a committee, or other positions
Lee Kai Kwong in other Public Companies or other Companies.
Strategy, Finance & SPAPM Director Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution of
Appointment the EGMS on 19 December 2018 and effective on 24 April 2019. Last appointment
Age 58 years old as Director of CIMB Niaga based on the Resolution of the AGMS on 8 April 2022.
Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Gender Male
Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Nationality Malaysia Shareholders.
Domicile Jakarta Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Directors section in this Annual Report.
Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
(LSPP) on 21 May 2024.
Term of Office 2022-2025
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Educational • Insead CIMB Leadership Program (2011)
Background • Master of Business Administration from Cleveland State University, Ohio, United
States (1996)
• Bachelor of Commerce from University of Toronto, Canada (1995)
Work • Head of Trading & Structuring at CIMB Niaga (2007-2014)
Experiences • Head of Treasury Department at RGM Group Indonesia (2005-2007)
• Interbank FX & Derivatives Trader at Citibank Indonesia (2003-2005)
• Commercial Banking Relationship Manager at Citibank Indonesia (2000-2003)
• Treasury Marketing Unit Officer at Citibank Indonesia (1998-2000)
Concurrent Does not hold concurrent positions, either as a member of the Board of Directors,
Positions member of the Board of Commissioners, member of the committee, or other
positions in other Public Companies and other Companies.
Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution
Appointment of the AGMS on 27 March 2014 and effective on 29 August 2014. Reappointed as
Director of CIMB Niaga based on the Resolution of the AGMS on 24 April 2018 and
last appointment as Director of CIMB Niaga based on the Resolution of the AGMS
John Simon on 8 April 2022.
Treasury & Capital Markets Director Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Shareholders.
Age 53 years old
Education and Education and training in 2024, is presented separately in the Education and
Gender Male Training in 2024 Training of the Board of Directors section in this Annual Report.
Nationality Indonesia Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
(LSPP) on 17 April 2024.
Domicile Jakarta
Term of Office 2022-2025
Educational • Business Law Course from Warnborough College, Oxford, England (1982)
Background • Bachelor of Law from Trisakti University, Jakarta (1981)
Work • Legal, Compliance Director and Corporate Secretary, Bank Danamon Indonesia
Experiences (2009 – 2016)
• Legal, Compliance Director and Corporate Secretary, Bank International
Indonesia (2005 – 2009)
• Senior Advisor Legal & Compliance, Bank International Indonesia (2004 – 2005)
• Commissioner, Bank Mandiri (2004 – 2005)
• Founder & Senior Partner, LBAF Law Firm (2002 – 2004)
• Director of Legal, Compliance, Bank International Indonesia (2000 – 2001)
• Vice President of Legal & Compliance, Citibank NA. (1998 – 2000)
• Legal Head Unit, Citibank NA (1984 – 1997)
Concurrent Does not hold concurrent positions, either as a member of the Board of Directors,
Positions member of the Board of Commissioners, member of the committee, or other
positions in other Public Companies and Other Companies
Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution
Fransiska Oei Appointment of the AGMS on 15 April 2016 and effective on 27 July 2016. Last appointment as
Director of CIMB Niaga based on the Resolution of the AGMS on 9 April 2020.
Compliance, Corporate Affairs &
Legal Director Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Age 67 years old Shareholders.
Gender Female Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Directors section in this Annual Report.
Nationality Indonesia
Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
Domicile Jakarta (LSPP) on 17 April.
Term of Office 2020-2024
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Highlights Report Profile Discussion & Analysis Management
Educational • Master of Business Administration from Erasmus Universiteit, Rotterdam,
Background Netherlands (1991)
• Bachelor of Economics, Trisakti University, Jakarta (1989)
Work • Chief of Sharia Banking at CIMB Niaga (2015-2016)
Experiences • Chief of Commercial Banking at CIMB Niaga (2014-2015)
• Chief of Corporate Banking at CIMB Niaga (2011-2014)
• Head of Credit Restructuring & Settlement at CIMB Niaga (2009-2010)
• Joined Bank Niaga in 1992 and started his career by participating in the Executive
Education Program
Concurrent Does not hold concurrent positions, either as a member of the Board of Directors,
Positions member of the Board of Commissioners, member of a committee, or other positions
in other Public Companies or other Companies.
Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution of
Appointment the AGMS on 15 April 2016 and effective on 28 September 2016. Last appointment
as Director of CIMB Niaga based on the Resolution of the AGMS on 9 April 2020.
Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Pandji P. Djajanegara Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Sharia Banking Director Shareholders.
Education and Education and training in 2024, is presented separately in the Education and
Age 60 years old Training in 2024 Training of the Board of Directors section in this Annual Report.
Gender Male Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
(LSPP) on 17 April 2024.
Nationality Indonesia
Domicile Jakarta
Term of Office 2024 - 2027
Educational Bachelor of Science in Computer Science & Statistics from the University of London,
Background United Kingdom (1983)
Work • Director for Technology & Operations at Bank Commonwealth, Indonesia (2016-2020)
Experiences • Director for Technology & Operations at Bank Permata (2013-2016)
• Director for Ops & Technology at Bank Ekonomi Raharja, a member of HSBC
Group (2010-2013)
• Director for Ops & Technology at PT Barclays Bank Indonesia (2008-2010)
• Senior Country Operations Office (Head of Operations & Technology) - Global
Consumer Banking at Citibank N.A. Indonesia (1998-2008)
• Director for Operations & Technology at Bank Putra Surya Perkasa (1994-1998)
• General Manager for Information Technology at Bank Dharmala (1989-1994)
• Manager for Technology System & Application Development at PT Mainsis
Dharmatama Canggih (Dharmala Group) (1985-1989)
• System Analyst for Technology Application Development at PT Great River
Garment Industries (GRGI) (1983-1985)
Concurrent Does not hold concurrent positions, either as a member of the Board of Directors,
Positions member of the Board of Commissioners, member of a committee, or other positions
Tjioe Mei Tjuen in other Public Companies or other Companies.
Operations & Information Technology
Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution of
Director Appointment the AGMS on 9 April 2020 and effective on 3 November 2020.
Age 67 years old Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Gender Female
Shareholders.
Nationality Indonesia Education and Education and training in 2024, is presented separately in the Education and
Domicile Jakarta Training in 2024 Training of the Board of Directors section in this Annual Report.
Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
(LSPP) on 17 April 2024.
Term of Office 2024 - 2027
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Educational • Certified Financial Risk Manager from the Global Association of Risk
Background Professionals (2007)
• Master of Business Administration from La Trobe University, Australia (1998)
• Bachelor of Civil Engineering from Parahyangan Catholic University, Bandung (1996)
Work • Director of Risk Management at PT Bank UOB Indonesia, Jakarta (2017-2021)
Experiences • Director of Risk Management at PT Bank Maybank Indonesia Tbk, Jakarta (2014-2016)
• Senior Vice President, Head of Risk Management at CIMB Niaga (2012-2014)
• Vice President, Corporate Treasury at DBS Bank Ltd, Singapore (2010-2012)
• Vice President, Risk Management Group at PT Bank DBS Indonesia (2008-2010)
• Secondment, Regional Risk Management at Standard Chartered Bank Plc.,
Singapore (2008)
• Director, Regional Risk Management at American Express Bank Ltd., Singapore
(2004-2008)
• Manager, Regional Risk Management at American Express Bank Ltd., Singapore
(2001-2004)
• Supervisor, Treasury Middle Office at American Express Bank Ltd., Jakarta (1998-2001)
Concurrent Does not hold concurrent positions, either as a member of the Board of Directors,
Henky Sulistyo Positions member of the Board of Commissioners, member of a committee, or other positions
Risk Management Director in other Public Companies or other Companies.
Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution of
Age 50 years old Appointment the EGMS on 17 December 2021 and effective on 9 March 2022
Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Gender Male
Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Nationality Indonesia Shareholders.
Domicile Jakarta Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Directors section in this Annual Report.
Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
(LSPP) on 17 April, 2024.
Term of Office 2021-2025
Educational • Master of Business Administration from Peking University, China (2016)
Background • Master of Management from Pelita Harapan University, Jakarta (2016)
• Bachelor of Economics from Tarumanagara University, Jakarta (2002)
Work • Chief Human Resources Officer at CIMB Niaga (2020-2021)
Experiences • Head of HRBP, Talent Acquisition, Rewards & Performance at CIMB Niaga (2017-2020)
• Head of Rewards, Performance & HR Services at CIMB Niaga (2013-2017)
• Talent & Leadership Development Group Head at CIMB Niaga (2011-2013)
• Head of Human Resources at Bank Barclays Indonesia (2010-2011)
• HR Operations Manager at Bank Barclays Indonesia (2009-2010)
• Head of HR Management & Services at PT Bank UOB Indonesia (formerly PT
Bank UOB Buana Tbk) (2007-2009)
• Head of Learning & Development at PT Bank UOB Indonesia (formerly PT Bank
UOB Buana Tbk), Jakarta (2003-2007)
Concurrent Does not hold concurrent positions, either as a member of the Board of Directors,
Positions member of the Board of Commissioners, member of the committee, or other
positions in other Public Companies or other Companies.
Joni Raini Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution of
Appointment the EGMS on 17 December 2021 and effective on 9 March 2022.
Human Resources Director
Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Age 44 years old Shareholders.
Gender Male Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Directors section in this Annual Report.
Nationality Indonesia
Certification • Risk Management Level 7, issued by the Banking Professional Certification
Domicile Jakarta Institute (LSPP) on 17 April 2024.
• Human Resources General Manager Competency Certificate, issued by the
Indonesian HR Professional Certification Institute (LSP) on 24 November 2022.
Term of Office 2021-2025
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Highlights Report Profile Discussion & Analysis Management
Educational • Master of Business Administration in Finance & Strategy from The Anderson
Background School at UCLA, USA (2001)
• Bachelor of Business Administration in Finance from The University of Texas at
Austin, USA (1993)
Work • Chief of Corporate Banking & FI and Chief of Transaction Banking at CIMB Niaga
Experiences (2019-2021)
• Chief Corporate Banking Officer at CIMB Niaga (2014-2019)
• Managing Director, Corporate and Investment Banking at Citibank, Jakarta
(2005-2014)
• Head of Relationship Management, Corporate Banking at Rabobank International
Indonesia (2003-2005)
• Associate Mergers, Acquisitions and Corporate Advisory at Deutsche Bank
Securities Inc., New York (2001-2002)
• Business Analyst, Business Connectivity Group at 3Com Corporation, California (2000)
• Assistant Vice President, Head of Indonesian Corporate Group at ABN Amro Bank
N.V., Jakarta (1998-1999)
Concurrent Other Public Companies
Rusly Johannes Positions -
Business Banking Director Other Institutions
President Commissioner of PT CIMB Niaga Sekuritas (Subsidiary) (2023 - present)
Age 54 years old Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution of
Appointment the EGMS on 17 December 2021 and effective on 22 April 2022.
Gender Male
Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Nationality Indonesia Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Shareholders.
Domicile Jakarta
Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Directors section in this Annual Report.
Certification Risk Management Level 7, issued by the Banking Professional Certification Institute
Term of Office 2021-2025
(LSPP) on 17 April 2024.
Educational • Insead CIMB Leadership Program (2015)
Background • Master of Business Administration from National University of Singapore (2001)
• Bachelor of Business Administration from University of Indonesia (1998)
Work • Head of Consumer Product, Preferred & Personalization at PT Bank CIMB Niaga
Experiences Tbk (2019-2022)
• Head of Segment, Decision Management & Customer Experience at PT Bank
CIMB Niaga Tbk (2016-2019)
• Head of Network Development & Customer Experience at PT Bank CIMB Niaga
Tbk (2014-2016)
• Head of Service Quality & Network Development at PT Bank CIMB Niaga Tbk
(2011-2014)
• Senior Partner & Director at PT I-Lead Indonesia (2005-2011)
• Sales & Distribution Planning Head at Citibank NA, Indonesia (2001-2005)
Concurrent Does not hold concurrent positions, either as a member of the Board of Directors,
Positions member of the Board of Commissioners, member of the committee, or other
positions in other Public Companies or other Companies.
Noviady Wahyudi Legal Basis of Appointed as Director of CIMB Niaga for the first time based on the Resolution of
Appointment the AGMS on 8 April 2022 and effective 16 August 2022.
Consumer Banking Director
Affiliated Does not have affiliated relationship with other members of the Board of Directors,
Relationship members of the Board of Commissioners, or the Ultimate and Controlling
Age 51 years old Shareholders.
Gender Male Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training of the Board of Directors section in this Annual Report.
Nationality Indonesia
Certification • Risk Management Level 7, issued by the Banking Professional Certification
Domicile Jakarta Institute (LSPP) on 17 April 2024.
• Basic Commissioner Certification, issued by the Indonesian Financing LSP
(LSPPI) on 5 August 2024.
Term of Office 2022-2025
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Sharia Supervisory Board Profile
Educational • Doctor of Tafsir Al-Qur’an from Al-Azhar University-Cairo, Egypt (1982)
Background • Master of Tafsir and Hadith from Al-Azhar University-Cairo, Egypt (1969)
• Bachelor of Al-Azhar University-Cairo, Egypt (1967)
Work • Director of the Center for Al-Quran Studies, Jakarta (2003-2018)
Experiences • Postgraduate Professor at the State Islamic University (UIN) Syarif Hidayatullah
(1992-2013)
• Ambassador of the Republic of Indonesia to the Arab Republic of Egypt, Djibouti
& Somalia (1999-2002)
• Member of the MPR-RI (1982-2002)
• Minister of Religious Affairs of the Republic of Indonesia (1998-1999)
• Member of the Sharia Board of Bank Muamalat Indonesia (1992-1999)
• Rector of UIN Syarif Hidayatullah (1992-1998)
• Chairman of the Indonesian Ulema Council (Center) (1985-1998)
• Pentashih Al-Qur’an, Department of Religious Affairs of the Republic of Indonesia
(1989 - 2007)
Concurrent Other Public Companies
Positions -
Prof. Dr. M. Quraish Shihab, MA Other Institutions
Chairman of the Sharia Supervisory Board Chairman of the Sharia Supervisory Board of BTN Syariah (2019 - present)
Legal Basis of Appointed as Chairman of the Sharia Supervisory Board of CIMB Niaga for the first
Age 80 years old Appointment time based on the Resolution of the AGMS on 23 April 2008, which was effective on
11 February 2009 and reappointed with the same position based on the resolutions of
Gender Male the AGMS on 15 April 2016 and 15 April 2019. The last appointment as Chairman of the
Bank’s Sharia Supervisory Board based on the Resolution of the AGMS on 10 April 2023.
Nationality Indonesia
Affiliated Does not have affiliated relationship with other members of the Sharia
Domicile Jakarta Relationship Supervisory Board, members of the Board of Directors, members of the Board of
Commissioners, or the Ultimate and Controlling Shareholders.
Education and Education and training in 2024, is presented separately in the Education and
Term of Office 2023 – 2026 Training in 2024 Training section of the Sharia Supervisory Board in this Annual Report.
Certification -
2024 Annual Report | PT Bank CIMB Niaga Tbk 93
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Highlights Report Profile Discussion & Analysis Management
Educational • Doctorate in Islamic Legal Theory from UIN Syarif Hidayatullah, Jakarta (1994)
Background • Master in Sharia from UIN Syarif Hidayatullah, Jakarta (1987)
• Bachelor in Sharia from UIN Syarif Hidayatullah, Jakarta (1982)
• Bachelor in Sharia from UIN Syarif Hidayatullah, Jakarta (1981)
Work • Member of the Sharia Supervisory Board of LB Salam (2007-2012)
Experiences • Dean of the Faculty of Islamic Studies at the Muhammadiyah University of
Jakarta (2000-2004)
• Lecturer of Islamic Legal Philosophy at the Faculty of Law, Muhammadiyah
University of Jakarta (1985-2000)
• Vice Rector for Academic Affairs at IAIN Syarif Hidayatullah Jakarta (1997-2000)
• Lecturer of Islamic Legal Administration at the Faculty of Islamic Studies,
Muhammadiyah University of Jakarta (1990-1995)
• Vice Dean for Student Affairs at the Faculty of Sharia, IAIN Syarif Hidayatullah
Jakarta (1994-1996)
• Head of the Muamalat Study Program at the Faculty of Sharia, IAIN Syarif
Hidayatullah Jakarta (1987-1989)
• Secretary of the Religious Courts Study Program at the Faculty of Sharia, IAIN
Syarif Hidayatullah Jakarta (1982-1987)
Prof. Dr. Fathurrahman Djamil, MA • Lecturer in Religious Courts in Indonesia at the Faculty of Sharia, IAIN Syarif
Member Hidayatullah Jakarta (1982-1987)
Concurrent Other Public Companies
Age 64 years old Positions -
Other Institutions
Gender Male
• Chairman of the Sharia Supervisory Board of Adira Finance Syariah (2011-present)
Nationality Indonesia • Chairman of the Sharia Supervisory Board of Bank BCA Syariah (2010-present)
• Chairman of the Sharia Supervisory Board of Sunlife Syariah (2010-present)
South • Chairman of the Sharia Supervisory Board at AIA Sharia Branch (2009-present)
Domicile
Tangerang • Professor of the Postgraduate Program at the University of Indonesia
(2006-present)
• Deputy Chairman of the National Sharia Council (DSN-MUI) and Deputy Chairman
of the Fatwa Commission of the Indonesian Ulema Council (MUI) (2005-present)
Term of Office 2023 – 2026 • Lecturer of Law and Finance in Islam at the Postgraduate Program of the
University of Muhammadiyah Jakarta (2000-present)
• Professor at UIN Syarif Hidayatullah (2000-present)
• Lecturer of Islamic Legal History at the Postgraduate Program at UIN Syarif
Hidayatullah Jakarta (1996-present)
Legal Basis of Appointed as a Member of the Sharia Supervisory Board of CIMB Niaga for the
Appointment first time based on the Resolution of the EGMS on 19 December 2008, which was
effective on 11 February 2009 and reappointed with the same position based on the
resolution of the AGMS on 15 April 2016 and 15 April 2019. The last appointment as
a Member of the Bank’s Sharia Supervisory Board based on the Resolution of the
AGMS on 10 April 2023.
Affiliated Does not have affiliated relationship with other members of the Sharia
Relationship Supervisory Board, members of the Board of Directors, members of the Board of
Commissioners, or the Ultimate and Controlling Shareholders.
Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training section of the Sharia Supervisory Board in this Annual Report.
Certification • Capital Market Sharia Expert (ASPM), appointed based on the Decree of the OJK
Board of Commissioners No. KEP-10/PM.223/PJASPM/2021 dated 18 May 2021
(ASPM Permit Extension) and valid until 19 May 2026.
• Sharia Supervisor Competency Certificate No. SYA.1644.01244 2023 dated 15
June 2023 and valid until 15 June 2026.
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Educational • Doctorate in Islamic Economics from the State Islamic University (UIN) Syarif
Background Hidayatullah, Jakarta (2010)
• Master of Islamic Economics and Finance from the International Islamic
University Malaysia (2005)
• Bachelor of Islamic Economics (Muamalah) from Djuanda Ciawi University (1999)
Work • Member of the Sharia Supervisory Board of Panin Asset Management (2011-
Experiences 2016)
• Advisor/Researcher of Islamic Economics and Finance at the Saudi Arabian
Monetary Authority-SAMA, Kingdom of Saudi Arabia (2017-2019)
• Moderator in Finance Accreditation Agency (FAA) at Bank Negara Malaysia
(BNM) - Moderation Committee for the Discipline of Shariah Principle & Practices
for Islamic Bankers (2013)
• Team Leader – “A Study on the Development of Islamic Microfinance: Regulation
and Supervision Model”. Collaborating with the Department of Non-Banking
Financial Institutions (IKNB) – OJK, Republic of Indonesia (2013)
• Member of DSN MUI for Capital Markets (2010-2020)
• Vice Chairman, Academic & Student Affairs at Tazkia Islamic Business School,
Bogor-Indonesia (2006-2008)
Yulizar D. Sanrego • Invited Researcher (Fellow Researcher) at Center for Central Banking Education
Member and Studies, Central Bank of Indonesia (PPSK-BI) (2006-2008)
• Head Department of Islamic Economics at Tazkia Islamic Business School,
Age 51 years old Bogor-Indonesia (2005-2007)
Concurrent Other Public Companies
Gender Male
Positions Chairman of the Sharia Supervisory Board of PT Bank Jago Tbk (2021-present)
Nationality Indonesia Other Institutions
• Chairman of the Sharia Supervisory Board of Bank BTB (2016-present)
Domicile Bogor • Member of the Sharia Supervisory Board at PBMT Ventura (2019-present)
• Member of the Sharia Supervisory Board of LPEI Exim (2012-present)
• Member of the DSN MUI for Banking (2020-2025)
• Bank Indonesia Monetary Working Group (2024-present)
Term of Office 2022-2025 • OJK Sharia Financial Literacy Working Group (2024-present)
Legal Basis of Appointed as a member of the Sharia Supervisory Board of CIMB Niaga for the first
Appointment time at the AGMS on 28 March 2013, effective on 10 June 2013 and reappointed
with the same position based on the resolution of the AGMS on 15 April 2016. The
last appointment as a Member of the Bank’s Sharia Supervisory Board based on
the Resolution of the AGMS on 15 April 2019. The Last appointment as a Member
of the Bank’s Sharia Supervisory Board based on the Resolution of the AGMS on
10 April 2023.
Affiliated Does not have affiliated relationship with other members of the Sharia
Relationship Supervisory Board, members of the Board of Directors, members of the Board of
Commissioners, or the Ultimate and Controlling Shareholders.
Education and Education and training in 2024, is presented separately in the Education and
Training in 2024 Training section of the Sharia Supervisory Board in this Annual Report.
Certification • Capital Market Sharia Expert (ASPM), which is determined based on the Decree
of the OJK Board of Commissioners No. KEP-14/PM.223/PJASPM/2021 dated 18
May 2021 (ASPM Permit Extension) and is valid until 19 May 2026.
• Risk Management Recertification Level 4, issued by the Banking Professional
Certification Institute (LSPP) on 30 November 2024
• Sharia Supervisor Competency Certificate, issued by the Indonesian Ulema
Council (MUI) Professional Certification Institute for Sharia Economics and is
valid until 21 June 2024
Changes in the Composition of the Members of
the Board of Commissioners and the Board of
Directors and the Reasons for the Changes
Throughout 2024, the composition of the Board of Directors remained unchanged. However, changes in the composition
of the members of the Board of Commissioners were made to improve the effectiveness of supervision, allowing for
more effective oversight of the Board of Directors’ performance and Bank policies. The information on changes in the
composition of the members of the Board of Commissioners is the appointment of Mr. Dody Budi Waluyo as Independent
Commissioner in the Annual GMS on 3 April 2024 and has been effective on 21 August 2024. Further, Mr. Novan Amirudin,
who was appointed at the Extraordinary GMS on 25 October 2024 and has been effective on 26 February 2025.
2024 Annual Report | PT Bank CIMB Niaga Tbk 95
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Senior Executives’ Profiles
Educational • Bachelor of Economics, Tarumanagara University
Background & • Certified Internal Auditor, the Institute of Internal Auditors
Professional • Certificate, Business Analytics: From Data to Insights, the Wharton School
Certifications • Certificate, Sustainability Leadership Program, University of Cambridge –
Institute for Sustainability Leadership
Work • Audit Director at Citibank (2013-2016)
Experiences • Head of Internal Audit at PT Bank Internasional Indonesia (2010-2013)
• Head of Internal Audit at PT Bank Barclays (2009 – 2010)
• Head of Internal Audit at ABN Amro Bank (2005-2009)
• Auditor at Ernst & Young (2003-2005)
• Auditor at KPMG Indonesia (1998-2002)
• Auditor at Coopers & Lybrand (1996-1998)
Legal Basis of 024/HROB/HRS/XII/2016
Appointment
Antonius Gunadi
Chief Audit Executive
Age 50 years old
Gender Male
Nationality Indonesia
Domicile Jakarta
Educational Bachelor of Business Administration from University of Bath, UK.
Background &
Professional
Certifications
Work • Head of Sales & Distribution at Bank CIMB Niaga (2021-2022)
Experiences • Regional Head of Consumer Products, Wealth & Preferred at CIMB Bank,
Malaysia (2019-2021)
• Head of Retail Product at Bank CIMB Niaga (2016-2019)
• Head of Preferred, Private, Wealth Management & Consumer Liabilities at Bank
CIMB Niaga (2012-2016)
• Head of Preferred, Private, Wealth Management at Bank CIMB Niaga (2010-
2012)
• Head of Consumer Banking at Bank DBS Indonesia (2005-2010)
• Head of Wealth Management Business at Standard Chartered Bank Indonesia
(2001-2004)
• Portfolio Management & Planning Manager at PT Pool Asuransi Indonesia
(1999-2001)
Budiman Tanjung Legal Basis of 524/OMTKA/SS/HR/IV/2022
Chief of Network & Digital Banking Appointment
Age 52 years old
Gender Male
Nationality Indonesia
Domicile Jakarta
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Educational • Master of Business Administration from Pepperdine University, United States.
Background & • Bachelor of Science from University of Southern California, United States
Professional
Certifications
Work • Credit Director at Bank CIMB Niaga (2011-2020)
Experiences • Head of Corporate Banking at Bank Danamon (2007-2010)
• Deputy President Director at Bank DBS Indonesia (2003-2006)
• Senior Credit Officer at Standard Chartered Bank (2000-2003)
• General Manager Corporate Banking Credit & Marketing at PT Bank Dagang
Nasional Indonesia (1997-1998)
• Deputy Head Domestic Corporate at Hongkong Bank (1995-1997)
Legal Basis of 716/ROM/SS/HR/IV/2020
Appointment
Megawati Sutanto
Chief Special Asset Officer
Age 62 years old
Gender Female
Nationality Indonesia
Domicile Jakarta
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Adeline Hendarto Tjong Albert Agustius
Head of Region - Jakarta Region B Head of Audit - TB, Risk Management, Treasury &
Product
Indonesian Citizen, 50 years old
Indonesian Citizen, 41 years old.
She started her career at CIMB Niaga in October 1996 and
has demonstrated outstanding dedication and leadership. In He joined CIMB Niaga as Head of Audit TB, Risk Management,
2016, she was appointed as Region Head, and through various Treasury & Product since May 2020. He started his career
achievements, she successfully achieved the position of Head as an Internal Auditor at Bank BCA in 2006 and then joined
of Region in June 2022. Citibank APAC EMEA Consumer Audit in 2011.
Throughout her career, she has held various strategic roles, He earned a Bachelor of Economics degree from the University
including as Area Manager, Branch Manager, and Head of Cash of Indonesia.
Office, which demonstrates her experience in leading and
managing teams effectively.
She is a graduate of Bina Nusantara University, with a Albert Suhandinata
Bachelor’s degree in Informatics, which has equipped her with
a deep understanding of technology and business.
Head of Consumer Banking Operations
Indonesian Citizen, 47 years old.
Agus Setiono Currently, he serves as Head of Consumer Banking Operations
and has previously worked for 6 years at Citibank, 2 years at
Bank Barclays Indonesia, 2.5 years at Bank Commonwealth,
Head of Treasury Islamic
2.5 years at ICBC, and 1.5 years as Director of IT and Operations
Indonesian Citizen, 46 years old. at Bank Ganesha.
He has served as Head of Treasury Islamic since 1 October He holds a Bachelor of Finance from California State
2020, after previously serving as Treasury Islamic Head Polytechnic University, Pomona, and an MBA from Loyola
since 2013. He joined CIMB Niaga through the Executive Marymount University.
Development Program in 2004.
He holds a Masters in Management from the University of
Indonesia and a Bachelor of Engineering from the Bandung Andi Irawan Dalimunthe
Institute of Technology.
Head of HR Business Partner 3 & Mass Resourcing
Ahmad Nasihi Ulil Amri Indonesian Citizen, 43 years old.
He joined CIMB Niaga in October 2018 as HR Business Partner
Head and currently serves as Head of HR Business Partner
Head of Sharia Strategy, Performance, Reporting,
3, which oversees the Network & Digital Banking, Consumer
Analytics, & Transformation
Banking, Syariah Banking business units, and Mass Resourcing
Indonesian Citizen, 54 years old. work functions.
He joined CIMB Niaga in 2004 and currently serves as Head Before joining CIMB Niaga, he held key positions in several
of Sharia Strategy, Performance, Reporting, Analytics, & companies, such as Head of HCBP Retail Banking & Enablers
Transformation. During his career at CIMB Niaga, he has held at Bank Muamalat, Permata, and Bank BTPN. He started his
various positions, including Head of Sharia Strategy in 2020, career as a Management Trainee (MT) until he served as HR &
Strategy & Investor Relations Head in 2018, and Corporate GA Manager at PT. Mitra Adi Perkasa, Tbk.
Planning Management Head in 2014.
He earned a Bachelor’s degree in Psychology from the
His experience includes mergers and acquisitions, leadership University of North Sumatra, Medan.
in projects such as Islamic Bond (SUKUK) Issuance and
T18 Project at CIMB Niaga, and as Project Manager on the
first Sarbanez Oxsley project in Indonesia at the American
International Group (AIG) company. Previously, he also had
career experience at Maxima Resources and Lippo Life
Bancassurance.
He earned a Bachelor’s degree from the University of Jember
and was a lecturer at the University of Indonesia in 2006-2008.
98 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Andiko S. Ben Asa Manik Ariteguh Arief
Head of Region - Jabar & Jateng Region Head of Preferred, Wealth and Insurance Business
Indonesian Citizen, 48 years old. Indonesian Citizen, 47 years old.
He joined CIMB Niaga in June 2018 and currently holds the He currently holds the position of Head of Preferred, Wealth,
position of Head of Region - Jabar & Jateng Region since 8 April and Insurance Business since 1 May 2022, after previously
2022, after previously serving as S&D Region Head Jabar & serving as Preferred, Wealth, and Insurance Head since 1
Jateng since 1 January 2022. March 2020.
Before his career at CIMB Niaga, he had worked at HSBC His career experience in banking started with ABN AMRO
Bank, Citibank, Commonwealth Bank, and BTPN. Throughout Bank (2002) and DBS (2007) before finally joining CIMB
his career, he has held various positions such as service, sales, Niaga in 2010. During his career, he has held various positions
wealth management, and leading branches and regions, and such as Sales Manager, Regional Branch Manager, Business
most recently at Bank BTPN as Regional Leader for Sumatra, Development, Partnership Acquisition, Segment Management
West Java, and Central Java, and then Regional Business & Products.
Leader for the DKI Jakarta and West Java regions.
He earned a Bachelor of Arts degree from the University of
He earned a Bachelor of Law degree from Parahyangan Oregon, USA.
Catholic University
Banar Yuniarta
Angelica Permatasari
Head of Audit-Business Banking & Consumer
Head of Decision Management and Advance Banking
Analytics
Indonesian Citizen, 51 years old.
Indonesian Citizen, 43 years old.
He joined CIMB Niaga in 2018 as Head of Audit-Business
She joined CIMB Niaga in March 2018 as Decision Management Banking & Consumer Banking, having previous career
Head and has held the position of Head of Decision experience at Accenture, BV Amsterdam, the Netherlands,
Management and Advanced Analytics since April 2021. She the Royal Bank of Scotland (RBS), and ABN Amro Bank,
also has career experience in several leading institutions such NV. In 2000, he began his banking career by enrolling in the
as Citibank, HSBC Bank, ABN Amro Bank, and Ernst & Young. Management Associate program at ABN AMRO Bank.
She holds a Master of Business Administration from Nanyang Certified Internal Auditor (CIA) with a Bachelor of Economics
Technological University and a Bachelor of Computing from from Atma Jaya University, a Research Diploma from
the National University of Singapore. In addition, she also Universitaet Innsbruck, Austria, and a Master of Science from
has a Postgraduate Diploma in Digital Business from the Rijksuniversiteit Groningen, the Netherlands.
Massachusetts Institute of Technology/Columbia Business
School, a Digital Leadership Development Program certificate
from SBM ITB, and a Google Cloud Digital Leader certificate.
Banyon Anantoseno
Aris Susanta Head of Consumer Collection & Recovery
Indonesian Citizen, 57 years old.
Head of Business Performance Management Since September 2017, he has served as the Head of Consumer
Collection and Recovery. He previously worked as the CIMB
Indonesian Citizen, 53 years old.
Niaga Group Head of Unsecured Collection, the Executive Vice
He started his career at LippoBank as Data Center Manager President of Card & Loan Processing, Bank Mega Fraud and
in Central Java in 1995. Prior to his current position, he had Collection, the Senior Vice President of Collection Micro Bank
experience at CIMB Niaga as Sales Performance Management Danamon, Vice President of Collection HSBC, and Assistant
Head. Vice President of Credit Operation Citibank.
He earned his Bachelor of Computer Science from Duta He graduated from Airlangga University – Surabaya with a
Wacana Christian University, Yogyakarta. Bachelor’s degree in Economics.
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Bung Aldilla Daniel Edison Hutapea
Head of Sharia Consumer Head of RCU & TCM PB Risk Analytic
Indonesian Citizen, 52 years old. Indonesian Citizen, 53 years old.
Joined CIMB Niaga on 8 October 2018 and he served as Head Since 2017, he has served as the Head of RCU & TCM PB Risk
of Sharia Consumer effectively on 1 August 2019 and as of 12 Analytics. He began his banking career as an Account Officer
April 2022 concurrently holding the position of Acting Head at Bank Niaga in 1997 and later as a Relationship Manager
of Sharia Business Banking, responsible for Sharia Consumer, Financial Institution from 2000 to 2008. He has been the Head
Sharia Business Banking and reporting to the Director of of Credit & Operational Risk Analytics at CIMB Niaga since
Sharia Banking. 2008.
Previously, he held various banking positions at Citibank In 1995, he received a Bachelor of Economics in Accounting
Indonesia, GE Capital, Bank Danamon, Standard Chartered from Padjadjaran University in Bandung.
Bank, and Bank Permata.
He earned a Bachelor of Computer Science from Gunadarma
University. Dea Nurani
Head of NDB Business Strategy & Performance
Chialmi Dialdestoro Rosalim
Indonesian Citizen, 37 years old.
She joined CIMB Niaga in August 2010 through The Complete
Head of Structured & Syndicated Finance and
Banker (TCB) Batch 1 program, and since April 2024, she has
Loan Agency
served as Head of NDB Business Strategy & Performance.
Indonesian Citizen, 52 years old. During her career at CIMB Niaga, she has held various
positions, including Retail Risk Analytics Senior Manager,
He joined CIMB Niaga in December 2017 as Head of Structured
Business Analytics & Support Head, Branch Productivity &
and Syndicated Finance and Loan Agency. He has also been
Monitoring Head, and NDB Business Alignment & Branch
a Commissioner at PT CIMB Niaga Securities in the priod of
Channel Analytics Head. She also had a career as Retail
2020 to 2023. He has over 27 years of global corporate and
Analytics Manager at Standard Chartered Bank. She
investment banking experience in Asia, the United Kingdom,
completed his education in Architectural Engineering and
Europe, and the Middle East.
earned a Bachelor’s degree from the University of Indonesia.
He began his banking career in 1996 as a Management
Associate at Citigroup Indonesia, where he held several key
positions, including Senior Remedial Officer in the Institutional
Remedial Management Division, Head of Local Corporate in the
Debby Maulidya Septyani
Corporate and Investment Banking Division, and Senior Banker
in the Global Corporate and Investment Banking Division at Head of Tax Management
Citigroup Switzerland.
Indonesian Citizen, 33 years old.
In 2006, he joined the Samba Financial Group in London,
UK, with his last position serving as Co-Head of Corporate She joined CIMB Niaga in October 2020, starting as Tax
and Private Banking Group. He joined Qatar National Bank’s Advisory & Disputes Head, then Tax Planning & Advisory Head,
headquarters in Doha, Qatar, in 2010 as Global Relationship and currently serves as Head of Tax Management. She also
Director in the Global Corporate and Investment Banking has experience as a Tax Consultant at Deloitte (2013-2017) and
Division, with sector specializations in Large Corporates, Oil HHP Law Firm (2018-2020).
and Gas, Telecommunication, Contracting, and Real Estate. She holds a Masters in Management from Perbanas Institute
In 1996, he earned a Master of Professional Accounting (with and a Bachelor of Fiscal Administration from the University of
honors) from The University of Texas at Austin, USA, and a Indonesia.
Bachelor of Science in Accounting and Finance (with honors)
from Oklahoma State University, USA, in 1994.
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Dedy Sahat Tupal Parulian Dwi Novi Kusumawati
Head of Digital Economy Head of Anti Fraud Management
Indonesian Citizen, 52 years old. Indonesian Citizen, 45 years old.
He started his career at CIMB Niaga as Head of Digital Economy She joined CIMB Niaga in December 2024 as Head of Anti-
on 14 November 2022. Prior to occupying his current position, Fraud Management. Previously, she had career experience at
he had experience at DANA Indonesia as Director of Business PT Indosat Tbk as Head of Forensics and Investigation and
Development from August 2019 to October 2022. He started PT Ernst & Young Indonesia as Senior Manager. She also has
his career in banking at Bank Nusa International, Bank OCBC career experience in Ethics & Compliance at PT. Indah Kiat
NISP, and Bank Permata, with his last position as Division Head Pulp & Paper Tbk.
of Corporate Banking, State Owned Enterprise.
She has been certified as a Certified Fraud Examiner (CFE) and
He earned a Master of Management degree in Risk Project Management Professional (PMP) and holds an M.Si.
Management from the University of Indonesia and a Bachelor degree from Gadjah Mada University, a Bachelor of Economics
of Economics in Development Studies majoring in Banking from Atma Jaya University Yogyakarta, and a Bachelor of
from Satya Wacana Christian University. Computer Science from Duta Wacana Christian University
Yogyakarta.
Diva Mahdi
Elisa Gunawan
Head of Market Risk Management & Model
Validation Head of Audit – Enablers
Indonesian Citizen, 42 years old. Indonesian Citizen, 35 years old.
He joined CIMB Niaga in August 2013 as Market Risk She started her career as an External Auditor at KAP Tanudiredja,
Management Head. Previously, he served as Market Risk Head Wibisana, Rintis & Rekan (PricewaterhouseCoopers Indonesia
at Bank OCBC NISP in 2010-2013, Trading Risk Head at Bank – PwC Indonesia) in 2010. She joined CIMB Niaga as Audit
Danamon in 2008-2010, and Treasury Risk Analyst at Bank of Segment Head in September 2018 and currently serves as
Tokyo-Mitsubishi UFJ in 2003-2008. Head of Audit – Enablers.
He completed his education at Hogeschool‘s-Hertogenbosch, She holds a Bachelor of Economics degree from Tarumanagara
Netherlands, in the Civil Engineering study program. University and has completed Business Analytics: From Data to
Insights from The Wharton School - University of Pennsylvania,
the Digital Leadership Development Program from the School
of Business & Management ITB, Circular Economy and
Djojo Boentoro Sustainability Strategies from Cambridge Judge Business
School, and the CIMB-CISL Sustainability Leadership Program
Head of Secured Lending Business and Consumer from the University of Cambridge.
Credit Underwriting She has a Certified Public Accountant (CPA Indonesia) from
Indonesian Citizen, 58 years old. the Indonesian Institute of Public Accountants (IAPI), an
ASEAN Chartered Professional Accountant (ASEAN CPA) from
He served as Head of Secured Lending Business and Consumer the ASEAN Chartered Professional Accountants Coordinating
Credit Underwriting since 1 November 2023. Previously, he Committee (ACPACC), a certified Risk Management Level
served as Head of Consumer Credit Underwriting since joining 6, a certified Prince2 Agile Foundation and Prince2 Agile
CIMB Niaga in September 2017. He has work experience as Practitioner from AXELOS, a Certified Data Protection Officer
Head of Consumer Finance of Maybank Indonesia (until August from the Indonesian Data Privacy Professional Association,
2017), Member Relation Director of MasterCard International a Certified ISO 37001 Senior Lead Auditor from PECB, and a
Inc., Indonesia (until November 2010), Wealth Director of PT certified Internal Audit Bank Qualification V KKNI from LSPP.
AXA Financial Indonesia (until April 2008), Liabilities Product
& E-Channel Division Head Bank BII (until December 2005), She is the Head of Communication for the Bank Internal
Region Office III Head Bank Internasional Indonesia (BII) in Auditors Association (IAIB) for the 2020-2023 and 2023-2026
Surabaya (until March 2002), and several other positions at BII periods.
since joining MDP Trainee in October 1989.
He earned a Bachelor’s degree in Civil Engineering from
Parahyangan Catholic University, Bandung, in 1989.
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Highlights Report Profile Discussion & Analysis Management
Eric Augie Saputra Evita Barliana
Head of Transformation & Strategy Office Head of Region - Jakarta A & Kalimantan Region
Indonesian Citizen, 45 years old. Indonesian Citizen, 53 years old.
He served as Head of Transformation in 2021 and previously She joined CIMB Niaga in 2007 as Pondok Indah Branch
served as Head of Customer Journey at CIMB Niaga since 2019. Manager. She has served as Region Head since 2010 and
Previously, he had a total of 8 years of experience working in currently holds the position of Head of Region since 2022.
Malaysia as Director, Retail Risk Analytic Head & Regional Risk Previously, she held the position of Area Manager in the Jakarta
Head for Auto & Personal Loan Products at CIMB Group and at area. Prior to her career at CIMB Niaga, she had a career at
Standard Chartered Malaysia Bank Berhad as Senior Manager, Bank Niaga, Bank Danamon, Bank Mega, and Bank Lippo.
Risk Analytic for Consumer Banking.
She earned her Masters degree in MM from Trilogi University,
Previously, he started his career at Astra Credit Companies for Jakarta.
10 years and held various senior positions in the Credit Risk
field.
He holds a bachelor’s degree in Industrial Engineering from Faizin Rahmad Setiadi
the Bandung Institute of Technology.
Head of Risk Control Unit – Strategy Finance &
SPAPM
Eric Gunawan Kosasih
Indonesian Citizen, 35 years old.
He served as Head of Risk Control Unit - Strategy Finance &
Head of HR Strategy, Center of Excellence & Risk
SPAPM since 2023, previously served as PJS Head of RCU
Control
(Strategy Finance & SPAPM) in September 2022, and began
Indonesian Citizen, 54 years old. his career at Bank CIMB Niaga as RCU Specialist since August
2019.
He has served as Head of HR Strategy, Center of Excellence &
Risk Control since 1 October 2023. Since September 2019, he He started his career at PWC Indonesia as Associate - Risk
has gained HR experience through a variety of key positions, Assurance in June 2012, until becoming Assistant Manager
including Head of HR Strategy, Culture, and Risk Control, HR in 2018, which contributed to his extensive understanding
Advisor, Head of HR Strategy, Performance, and Analytics, of risk management. Furthermore, he developed his career
and Head of Learning & Development in the Human Resources as an Ethics & Compliance Manager at PT Indah Kiat Tbk in
Directorate. November 2018 prior to joining Bank CIMB Niaga in 2019.
Before returning to strengthen CIMB Niaga in 2019, he has He earned a Master of Economics degree in Sharia Economics
obtained achievements in various strategic roles. As Senior and Finance from Trisakti University Jakarta and a Bachelor of
HR Officer/Director at Lippo Group, he contributed to the Economics degree from Accounting - International Program -
development of Human Capital at Siloam Hospital Tbk. In Universitas Islam Indonesia (UII) Yogyakarta and is registered
addition, he has held several important positions, including as a State Certified Accountant after completing the
as EVP/Head of Talent, Recruitment, Learning, and Rewards Accountant Professional Education at Gadjah Mada University.
at PT Bank Danamon Tbk, SVP/Head of Learning & Talent In addition, several other professional certifications that have
Development at PT Bank CIMB Niaga Tbk, SVP/Head of been obtained include Qualification Level 5 in Banking Risk
Recruitment, Policy, Analytics, and Talent Management at PT Management, Chartered Accountant - Indonesia, Certified
Bank HSBC Indonesia, and VP HR Development at PT Bank BII. Risk Management Professional (American Academy of Project
Management), Certified Trained Forensic Accounting and
He started his career as a Management Trainee at PT. Astra
Investigative Auditing, and ASEAN - Chartered Professional
International Tbk – Toyota Sales Operations in 1995, prior to
Accountant.
working in financial institutions in 2000 (Indonesian Central
Securities Depository - Capital Market Regulator). In addition
to his professional career, he also received professional
certification as a Gallup Certified Strength Finder Coach, Ferdinand Renaldi Wawolumaja
Competency Certification at the General Manager Human
Resources level, an NLP Master Business Practitioner License,
an MBTI License Practitioner, and DDI Targeted Assessment & Head of Trading & Structuring
Identifying Criteria for Success. Indonesian Citizen, 43 years old.
He completed his education at the Faculty of Engineering, Prior to serving as Head of Trading & Structuring, he held
majoring in Gas & Petrochemicals, University of Indonesia, several positions at CIMB Niaga, including as Trading &
in 1995, and participated in the CIMB Leading Leaders Restructuring Head and Rate & Structuring Head. He has
Development Program in 2024. experience in the Treasury field since 2004.
He holds a Bachelor of Science degree from the National
University of Singapore.
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Fransiska Liminda Halim Hartono Agus
Head of Audit - Technology Assurance & Data Head of Cyber Security
Analytics
Indonesian Citizen, 50 years old.
Indonesian Citizen, 42 years old.
He has held his current position since 2022 and started his
She served as Head of Audit - Technology Assurance & Data career at CIMB Niaga in 2010 as IT Audit Head, with experience
Analytics since 1 August 2022 and has also held several key as IT Audit Head at Bank Danamon (2007-2010). He had a
positions at CIMB Niaga, including IT Advisory Head and Head career as Senior Manager - Technology Risk Management at
Office Audit Head, from 2010 to 2022. Prior to joining CIMB PwC Indonesia (2004-2007), Technical Consulting Manager
Niaga, she had a career at PricewaterhouseCoopers from 2004 at Schlumberger (2001-2003), and Senior Consultant at PwC
to 2010. Indonesia and PwC Melbourne (1996-2001).
She earned an Accounting degree and a Bachelor of Economics He earned a Bachelor of Technology (Computer Studies)
from the Faculty of Economics and Business, University degree from Monash University. He holds several professional
of Indonesia, in 2004. In addition, she also has several certifications in IT and Audit and Risk Management, including
certifications, such as Certified Information Systems Auditor CIA, CISA, CISSP, CEH, CRISC, and CRMA. Certified in
(CISA), Certified in Cyber Security, Certified Prince2 Agile Cybersecurity: Managing Risk in the Information Age from
Foundation, and Certified Data Protection Officer (CDPO). Harvard University.
Gerry Sarent Tenges Heintje Mogi
Head of Branch Transformation & Sales Service Head of Non Branch Channel
Management
Indonesian Citizen, 55 years old.
Indonesian Citizen, 41 years old.
He served as the head of Non-Branch Channel (NBC) and has
He served as Head of Branch Transformation & Sales Service driven strong business growth since June 2021. During 2023,
Management since September 2024. Throughout his career at he has led NBC to achieve good growth in driving the growth
CIMB Niaga since 2011, he has held various positions such as of Unsecured Loans such as PL and Cash Plus and Fee Base
Head of Branch Transformation & Network Planning, Network growth through increasing cross-selling sales related to
& Strategy Head, and Branch Distribution & Planning Head. Bancassurance.
Prior to CIMB Niaga, he had a career at i-Lead Consulting and
He joined CIMB Niaga in 2014 and has previously held key
Bank Danamon.
positions in the mortgage team before assuming his current
He earned a Master of Science and a Bachelor of Science from position.
the University of Southern California.
His bachelor’s degree in Law from Parahyangan University is
the main key to his success in achieving mortgage portfolio
growth at the Bank. Along with various experiences and
H. Ahmad S. Ilham achievements that he has obtained at Bank OCBC NISP, Bank
UOB Buana, Bank Lippo, Bank Bali.
Head of Region - Indonesia Timur & Bali Nusra
Region
Hernaman Tandianto
Indonesian Citizen, 47 years old.
He joined CIMB Niaga and has held his current position since
Head of Treasury Sales & Distribution
November 2022. Previously, he worked at Bank Muamalat
Indonesia as Regional Head in 2018-2022, Bank Permata in Indonesian Citizen, 46 years old.
2006-2017, with his last position as Regional Head Sulawesi
He was appointed as Head of Treasury Sales & Distribution
Bali Kalimantan, Bank Danamon in 2003-2006, and Bank
on 1 October 2023 and previously served as Head of Treasury
Bukopin & Lippo in 2002.
Distribution & Institutional Sales at CIMB Niaga since 2018.
He earned a Bachelor of Economics degree from the Nitro Previously, he had 22 years of experience working in banking,
Makassar School of Management Science and a Master’s with 20 years in Treasury Sales, both in foreign and local
degree in Management from Hasanudin University Makassar. banks and all customer segments, both corporate customers,
financial institutions, and retail customers.
He has experience and certifications in various products,
from plain vanilla to derivatives and structured products, and
holds a Masters in Management from Gadjah Mada University
and a Bachelor’s degree in Civil Engineering from Atma Jaya
University.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Hotamawaty Jemy Kristian Soegiarto
Head of Sharia Risk Control, Governance, Business Head of Risk Analytics & Infrastructure
Solution & Process Excellence
Indonesian Citizen, 48 years old.
Indonesian Citizen, 51 years old.
He joined CIMB Niaga in March 2024 as Head of Risk Analytics
She had 28 years of experience in banking, with the last 20 & Infrastructure. Previously, he had career experience in
years in sharia banking. She started her career through the risk management at Bank UOB Indonesia as Head of Risk
Management Trainee path (1997) at Bank BNI, prior to joining Management and MayBank Indonesia as Non-Retail Credit
CIMB Niaga (Sharia) in 2004. Previously, she served as Head QA, Policy & Portfolio Head. He also had career experience in
of Sharia Product, Business Process & Business Analytics internal audit at CIMB Niaga, Bank Danamon, and BCA in the
since 2020 and has held various positions during her career at period 2001-2015.
CIMB Niaga, including as Branchless Banking & Sharia Non-
He is a holder of a Financial Risk Manager (FRM) certificate
Retail Product Head, Sharia Product & Business Process Head,
from the Global Association of Risk Professionals (GARP), a
Sharia Financial Management & Analytics Head, and MIS &
graduate of the Sepuluh Nopember Institute of Technology
Sharia Reporting Head.
(ITS) Surabaya with a Masters in Technology Management and
She holds a Master of Management (Strategic Finance) from a Bachelor of Civil Engineering.
Paramadina Post Graduate School of Business and a Bachelor
of Economics (Accounting) from Padjadjaran University. She
has participated in the MMDP Program at CIMB Leadership
Academy Malaysia, the Digital Leadership Program at SBM Joni Hermanto
ITB, and the Compact Digital Leadership Program - Emeritus &
Columbia Business School. She is a holder of the BSMR Level 6 Head of Transaction Banking
Certificate and Sharia Accounting Certification from IAI.
Indonesian Citizen, 48 years old.
He has held his current position since March 2020. Previously,
I Gusti Ngurah Dwi Sapta he had a career at PT Bank Danamon Indonesia Tbk as Financial
Institution Head and Pjs Regional Transaction Banking Sales
Head & Trade Sales Head, PT Bank HSBC Indonesia as Senior
Head of Non Retail Credit Administration Business Development Manager, and PT Bank Commonwealth
Indonesia as Head of Global Trade and Transaction Services.
Indonesian Citizen, 50 years old.
He completed his education in the Department of Financial
He joined CIMB Niaga in October 2018, and prior to serving as
Management at Trisakti University in 1999.
Head of Non Retail Credit Administration CIMB Niaga, he had
experience in banking for more than 25 years, starting with
serving as CRU Manager at Standard Chartered Bank (1998-
2004), followed by serving as Credit Control Unit Head at PT Juliana
Bank DBS Indonesia (2004-2007), Head of Credit Control Unit
at PT Bank Danamon Indonesia Tbk (2007-2015), and Head of
Credit Risk Control at Standard Chartered Bank (2016-2018). Head of Private Banking
He earned a Bachelor’s degree in Industrial Engineering from Indonesian Citizen, 50 years old.
Trisakti University, Jakarta.
She served as Head of Private Banking in the Treasury and
Capital Market Directorate effective 16 December 2019. She
began her career in the banking industry in 1998 at Citibank,
NA Indonesia. Prior to joining CIMB Niaga, she worked in
several Private Banking institutions, including Bank LGT LTD.,
Singapore, as Director-Private Banker, PT Julius Baer Advisors
Indonesia and Bank Julius Baer & Co. Ltd., Singapore, as
Director-Senior Client Advisors, Standard Chartered Private
Bank, Singapore, and American Express Private Bank, Jakarta.
She completed her education in the Department of Economics
at Parahyangan Catholic University in 1997.
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Julius Wiantara Tjhioe Koei Hwei Lien
Head of Operational Risk Management Head of Retail Credit Risk Management
Indonesian Citizen, 58 years old. Indonesian Citizen, 51 years old.
He joined CIMB Niaga in 2015 and holds the position of Head of She served as Head of Retail Credit Risk Management at CIMB
Operational Risk Management (ORM). Niaga since May 2015.
Previously, he held positions at Citibank N.A. Indonesia as She started her career at GE Finance Indonesia before finally
Head of ORM (2012-2014), Bank DBS Indonesia as Head of studying Retail Risk Management and occupying the position
ORM (2007-2011) and Head of Internal Audit (1999-2007), and of Credit Policy & Risk Analytic Head at ABN AMRO/RBS,
at several banks as Head of Internal Audit. Standard Chartered Bank, and Bank Danamon.
He earned a Bachelor of Economics degree in 1992, majoring She earned a Bachelor of Economics from Atma Jaya University
in Finance and Accounting, from Macquarie University, New Yogyakarta and a Master of Management from Prasetiya
South Wales, Australia. Mulya.
Juto Budihardjo Lena
Head of Risk Control Unit & Governance - Network Head of Loan Workout – Commercial Banking and
& Digital Banking Emerging Business Banking
Indonesian Citizen, 54 years old. Indonesian Citizen, 57 Tahun
He joined CIMB Niaga in 2012 and held the position of Head She joined CIMB Niaga in July 2015 and currently serves as
of Network Service & Operations from April 2022 to August Head of Loan Workout for Commercial Banking & EBB. She
2024 and currently holds the position of Head of Risk Control started her career at Bank Permata (formerly Bank Bali) in
Unit & Governance. In addition, he has held other positions 1991-2010, with her final position as Head of Special Asset
such as Branch Service Assurance & Improvement Head. Prior Management. Prior to joining CIMB Niaga, she was Head of
to his career at CIMB Niaga, he had a career at Rabobank Special Asset Management at Bank UOB Indonesia (2010-
International Indonesia in 2010-2012, HSBC Bank in 2008- 2015).
2010, Permata Bank in 2003-2007.
She earned her Bachelor of Economics from Atma Jaya
He is a graduate of the PPM Management College with a University Yogyakarta in 1991.
Masters in Management, and holds a Bachelor’s degree in
Agricultural Technology from the Bogor Agricultural Institute.
Lina
Ketut Meliana Saputra
Head of Good Corporate Governance &
Sustainability
Head of OIT Risk Control Unit & Strategic Risk
Indonesian Citizen, 48 years old.
Analytics
She joined CIMB Niaga in November 2017 and has served
Indonesian Citizen, 47 years old.
as Head of Good Corporate Governance & Sustainability
She joined CIMB Niaga and has held her current position since September 2020. Previously, she worked at Bank
since February 2022. Previously, she had a career in several QNB Indonesia, Bank UOB Indonesia, and Bank Victoria
institutions, both banking and non-banking, such as Bank International, as well as at the Public Accounting Firm Hans
Commonwealth as Division Head Process Reengineering Tuanakotta & Mustofa (a member of DELOITTE TOUCHE).
& Service Quality, Bank Permata as Department Head
She earned a Bachelor of Economics from Tarumanegara
Reengineering & Customer Experience, and Citibank Indonesia
University, Jakarta.
as Customer Experience Head.
She earned her Master of Science and Bachelor of Science
degrees from The California State University.
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Linda Marshelia Lucia Arianti Gunawan
Head of Financial Institution Head of Loan Workout - Corporate Banking
Indonesian Citizen, 53 Tahun Indonesian Citizen, 55 Tahun.
She had served as Head of Financial Institution, overseeing She joined CIMB Niaga in December 2016 and currently serves
Banks and Non-Banks Financial Institution since October 2018. as Head of Loan Workout for Corporate Banking. She started
Previously, she had a career at Citibank, Standard Chartered her career at PT Astra Honda Motor (formerly PT Federal
Bank, and MUFG Bank Jakarta, with her last position as Head of Motor) in 1992-1994, followed by various Corporate Finance
Financial Institution and Multinational Corporate. experiences at Andersen, Ernst & Young, and PT Lippo E-Net
Tbk in 1996-2008. Prior to joining CIMB Niaga, she was a Senior
He earned a Bachelor of Business Administration from the
Manager (Group Special Asset Management) at Standard
Indonesian Institute of Business and Informatics (IBII) and
Chartered Bank (2008-2016).
attended the Executive Leadership Program at the University
of Oxford-Said Business School and the CIMB Leading Leaders She earned a Bachelor of Engineering from the Bandung
Development Program at IMD Business School. Institute of Technology (ITB) and an MBA from Washington
State University.
Liston Siahaan
Lusiana Saleh
Head of Compliance Management
Head of Digital Banking, Branchless & Partnership
Indonesian Citizen, 56 years old.
Indonesian Citizen, 41 years old.
He currently serves as Head of Compliance Management
at CIMB Niaga. Previously, he served as Head of Risk She served as Head of Digital Banking, Branchless &
Management Division of Bank Niaga Group and worked at the Partnership since November 2022 and was in charge of the
Indonesian Bank Restructuring Agency and PT Pefindo (Credit digital team for retail business and contact center operations
Rating Agency). He was involved in the development of the and technology. She began her career at CIMB Niaga in 2012
Governance, Risk, and Compliance (GRC) framework in banks and has held several other key positions in the digital division.
so that its implementation is more effective. His involvement She also had a career at ANZ Bank in Singapore and Indonesia.
included the development of the ReCom application to help
She earned a Bachelor of Science in Engineering degree from
manage compliance risk in banks, developing an online-
Purdue University, West Lafayette, United States.
based learning system, and developing the use of digital data
applications for automation of compliance monitoring in banks.
He earned a Bachelor’s degree in Urban and Regional
Planning from the Bandung Institute of Technology in 1992 Lydiya Widjaja
and a Masters in Management from Prasetiya Mulya Business
School, Jakarta, in 1996. Head of Audit - Operation, Network & Syariah
Indonesian Citizen, 49 years old.
Livia Sutanto She joined CIMB Niaga in July 2018 as Head of Audit Segment
and Head of Audit - Operation, Syariah & S&D on October 1,
2020. Previously, she served as Audit Head at Bank OCBC
Head of Rewards & Budgeting NISP (2007-2018) and began her career at Bank BCA (1996-
2007) with her last position as Senior Auditor.
Indonesian Citizen, 43 years old.
She joined CIMB Niaga in October 2011 as Head of Rewards,
and since October 2021, she has served as Head of Rewards &
Budgeting. Her last position prior to joining CIMB Niaga was as Magdalena Gunardi
Head of Compensation at PT SMART Tbk, and she had a career
as a Reward Information Services Consultant at Hay Group. Head of OIT Office, Cost Management, & Analytics
She completed his education in Computer Science and earned
a Bachelor’s degree from Inti College. Indonesian Citizen, 45 years old.
She joined CIMB Niaga in July 2010 and has served as Head
of OIT Office, Cost Management & Analytics since September
2020. Her previous career experiences include Bank
International Indonesia, Citibank, and Allianz Life Indonesia.
She earned a Bachelor of Economics from Parahyangan
Catholic University, Bandung.
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Maya Latif Miranty Supardi
Head of Risk Control Unit - Consumer Banking Head of Corporate Banking
Indonesian Citizen, 44 years old. Indonesian Citizen, 43 years old.
Since 1 May 2022, she has served as Head of the Risk Control In August 2014, she joined CIMB Niaga and served as Head
Unit - Consumer Banking and was previously the Risk Control of Corporate Banking, overseeing Private and Public Sector
Unit & Strategy Head Jakarta since 1 March 2020. Prior to her clients.
career at CIMB Niaga, she had worked at Bank Mega, Bank
She started her career at GE Healthcare, Deloitte, and Ernst
Permata, Bank DBS Indonesia, ABN Amro Bank and Standard
& Young in the USA. She previously worked at Citibank New
Chartered Bank.
York, USA, and Hong Kong, with her last position as Senior
She earned a Bachelor of Social Sciences degree from Atma Vice President Corporate and Investment Banking at Citibank
Jaya Catholic University Jakarta. Indonesia.
She earned a Bachelor of Business Administration from
the University of Wisconsin Madison, USA, and a Master of
Maya Sartika Business Administration from Cornell University, USA.
Head of Region - Sumatera Region
Muhamad Firdaus Andjar
Indonesian Citizen, 61 years old.
She started her career at CIMB Niaga in 2007 as Regional
Head of Marketing, Brand & Customer Experience
Business Head of Sumatra. Her career in banking began in
1990 at Maybank, with her last position as Branch Manager Indonesian Citizen, 54 years old.
(2004) and at Bank ABN AMRO as Branch Manager until finally
Since February 2024, he has served as Head of Marketing,
joining CIMB Niaga in 2007.
Brand & Customer Experience at PT Bank CIMB Niaga, Tbk.
She has held several key positions at CIMB Niaga, namely Area Previously, he served as Brand Strategy & Experience Head
Manager S&D II, Head of S&D IV, Regional Head of Sumatra, since May 2022. Since joining CIMB Niaga in 2014, he has held
and Head of Region Sumatra. various important positions such as Brand Strategy Head and
Marketing, Brand & Digital Communication Head.
She is a graduate of Darma Agung University with a Bachelor
of Economics degree. Prior to joining CIMB Niaga, he served as Senior Vice President
Marketing Commercial Banking at The Hongkong and
Shanghai Banking Corporation Limited (HSBC) from 2013 to
2014. He also served as CEO at PT Cross Media International
Mika Martumpal from 2012 to 2013.
With more than 25 years of experience in the banking and
Economist finance industry, he has held various senior positions at PT Bank
Indonesian Citizen, 45 years old. Permata Tbk, ABN AMRO Bank, and PT Bank ANZ Indonesia
and has international experience in finance and administration
He joined CIMB Niaga in January 2012 as Research & Strategy at the American Council of Engineering Companies (ACEC).
Head and currently holds the position of Acting Chief Economist
since July 2021. He had experience working in several well- He earned a Bachelor of Economics degree from Trisakti
known investment institutions such as Commonwealth Bank University, then continued his education and obtained a Master
and Bangkok Bank. of Management degree from the University of Indonesia. He
also holds a Master of Science degree from Strayer University,
He is a graduate of the University of Indonesia with a Bachelor Washington, DC, USA.
of Economics.
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Muhammad Shodiq Peter Gunawan
Head of Learning & Development Head of Anti Money Laundering
Indonesian Citizen, 49 years old. Indonesian Citizen, 45 years old.
He has been serving in his current position since October He has served as Head of Anti Money Laundering since 1 March
2021, after previously holding several key positions in the 2022, after previously holding the position of AML Business
HR Directorate as Sharia, Sales & MSME Learning Academy Alignment & Awareness Head since 2 January 2019. He began
Head and Business Learning Head. He joined CIMB Niaga in his career in banking in 2001 as Operations Development at
October 2014, with experience working in several well-known Bank OCBC NISP.
institutions such as Bank Rakyat Indonesia Syariah as Head
He earned a Bachelor of Science degree majoring in
of Academic Department, Sampoerna Financial Group as
Mathematics from the Bandung Institute of Technology in
Vice President of Human Capital Development, and other
2001.
companies such as Bank Danamon Indonesia.
Certifications held include Level 4 Risk Management
He completed his education at the International Center for
Certification, Level 2 Compliance Certification, and CAMS
Education in Islamic Finance (INCEIF) University, Malaysia, in
(Certified Anti-Money Laundering Specialist) Certification.
Islamic Banking & Finance studies with a Chartered Islamic
Finance Professional (CIFP) degree and also holds a Masters
degree in Mechanical Engineering-Manufacturing from the
University of Indonesia and a Bachelor of Mathematics from Pribadi Wijayanti Kusumodewi
Airlangga University.
Head of HR Business Partner 1 & Industrial
Relations
Nora Joice Kimbal
Indonesian Citizen, 54 years old.
Head of HR Shared Services & MIS Currently, she serves as Head of HR Business Partner, which
oversees the Business Banking, Transaction Banking, Treasury
Indonesian Citizen, 54 years old. & Capital Market, Private Banking, Risk Management, Special
Asset, and Anti-Fraud Management business units, as well as
Since October 2021, she has served as Head of HR Shared
the Talent Acquisition function for related businesses and the
Services & MIS after previously serving as Head of Learning
Industrial Relations function. She joined CIMB Niaga in May
and Development since July 2020. She has also held several
2014 as HRBP Head for Support Function (Enablers), TCM &
key positions at CIMB Niaga, including Learning Intervention
Sharia Banking. During her more than 25 years of career in
Head, CX Strategy and Performance Head, and Customer
the banking industry, she has held several strategic Human
Experience Program & Improvement Head.
Resources positions in the HRBP, Recruitment, Employee
She earned her Bachelor’s degree from Udayana University, Relations & Governance functions at Bank Mega, Citibank,
Bali. Bank Permata, Barclays Bank, Bank Danamon, ABN AMRO, and
GE Money (financial institution - non-bank).
She earned her Bachelor of Economics from the University of
Paskalina Purwa Ndadari Singara Indonesia.
Head of Foreclosed Asset & Business Planning
Ratri Setyorini
Indonesian Citizen, 50 years old.
She has served as Head of Foreclosed Asset & Business
Head of Risk Control Unit - Business Banking
Planning since June 2020, after previously serving as Head of
Credit Office & Asset Disposal at CIMB Niaga since July 2019. Indonesian Citizen, 47 years old.
She joined CIMB Niaga in January 2012.
She started serving as Head of Risk Control Unit - Business
He holds a Bachelor of Industrial Engineering degree from Banking in 2021 after previously serving as Head of RCU
Universitas Pembangunan Nasional and a Master of Business Business Banking since November 2018. She began her career
Administration in Finance from Trisakti University. at Citibank in September 2001, and her last position prior to
joining Bank CIMB Niaga was as Head of Middle Office and
Support at Bank UOB Indonesia. She had experience working at
Standard Chartered Bank Japan and also experience as a guest
auditor in various overseas branches of Standard Chartered
Bank, such as Pakistan, Bangladesh, India, and Malaysia. She
had more than 10 years of experience in Operational Risk for
both retail and non-retail banking.
She holds a Master of E-Business Management from the
International University of Japan (IUJ) and a Bachelor of Civil
Engineering from the Bandung Institute of Technology (ITB).
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Rhena Octaria Roy Bahren Siregar
Head of Region – Jawa Timur Region Head of Capital & Balance Sheet Management
Indonesian Citizen, 40 years old. Indonesian Citizen, 43 years old.
She has been serving as Head of Region East Java since He began his career as a Management Trainee Executive
December 2022 and has a diverse and long experience, Education Program at Bank Niaga in 2004 and has served as
starting her career at Bank CIMB Niaga (Lippo) since she first Head of Capital & Balance Sheet Management since 1 January
worked in 2008 as Branch Sales Development, Relationship 2022. He previously served as Asset Liability Management
Officer, Consumer Liability Officer, and Funding Sales Officer, Head, Asset Liability Management Coordinator, Division Head
and held several key positions at the Manager level, Branch Bank Product, FTP & Hedging, and Analyst ALM.
Manager, Senior Branch Manager, Branch Area Manager East
He holds an MBA from Gadjah Mada University and a Bachelor
Java Area III, and Branch Area Head - East Java, Bali & Nusra
of Economics from Padjadjaran University.
Area III in April 2022.
She earned a Bachelor of Pharmacy degree and a pharmacist
professional education at the University of Surabaya.
Rudy Hutagalung
Ria Yohanita Head of Government Relation
Indonesian Citizen, 58 years old.
Head of Operational Accounting Since 1 July 2023, he has been serving as Head of Government
Relations in the Business Banking Directorate. Previously, he
Indonesian Citizen, 45 years old.
also served as Head of Government Relations and Special
Since June 2017, she has served as Head of Operational Staff to the CEO since 1 December 2016 in the Compliance,
Accounting at Bank CIMB Niaga. She had experience in banking Corporate Affairs, and Legal Directorate.
for more than 19 years, starting with serving as Supervisor and
He also served as Corporate Secretary of CIMB Niaga and
Assistant Manager, Finance & Accounting Department at PT
concurrently as Head of Corporate Affairs & Legal at CIMB
ANZ Panin Bank (2004-2009), followed by serving as Head
Niaga since 1 October 2013 and Head of Legal and Litigation
of Project & Development, Finance & Accounting Department
at CIMB Niaga (2012).
at PT Bank UOB Indonesia (2011-2013), Head of FTP Policy &
Framework, Central Treasury Unit at PT Bank UOB Indonesia Prior to his career at CIMB Niaga, he had worked in the
(2013-2016), prior to finally joining PT Bank CIMB Niaga as Corporate Banking & IPO Team at Bank Exim from 1992 to 1999
Risk Control Unit Head for the Strategy & Finance directorate and in Corporate Banking at Bank Mandiri from 1999 to 2004,
in 2016. and as General Manager of Bank Mandiri Europe Limited,
London, United Kingdom, from 2004 to 2012.
She holds a Bachelor of Commerce (B. Com) in Finance &
Financial Management Services and a Master of Commerce He earned his PhD in Business Law (Merger & Acquisition) from
(M. Com) in Accounting & Finance from the University of New American University, London, UK, in 2009, and his (LLM) Master
South Wales – Sydney. of Law in International Business Law from the University of
Minnesota, Law School, USA, in 1999 and his (SH) Bachelor of
Laws from Gadjah Mada University Yogyakarta in 1990.
Riboet Budiono
Head of Sharia Business Banking
Sandi Maruto
Indonesian Citizen, 57 years old.
Head of ALM Risk
He joined CIMB Niaga in April 2016 as Head of Corporate
Indonesian Citizen, 44 years old.
Banking – SOE, Infrastructure & Energy. Starting July 2022,
he was appointed as Head of Sharia Business Banking, in Prior to joining CIMB Niaga in February 2015 as ALM Risk
charge of the Sharia portfolio in SME, Financial Institution, Group Head, he had a career at Standard Chartered Bank as
Commercial Banking, and Corporate Banking. Country Head of Market & Liquidity Risk from 2011 to 2015. He
was also Head of Analytics & Policy at Bank Danamon in 2011.
Prior to joining CIMB Niaga, he worked at Standard Chartered
Bank as Director of Corporate & Institutional Client, GE Capital He is a certificate holder of Financial Risk Manager (FRM) and
SE Asia in Singapore, Branch Manager at Clipan Finance Sustainability Climate Risk (SCR) from the Global Association
Indonesia, and Societe Generale Bank. of Risk Professionals (GARP), a graduate of PPM School of
Management with a Masters in Management and holds a
He earned a Bachelor’s degree in Accounting from Brawijaya
Bachelor’s degree in Civil Engineering from the Bandung
University.
Institute of Technology.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Santori Malinton Sudarmi
Head of Information Technology Head of Money Market & Funding
Indonesian Citizen, 52 years old. Indonesian Citizen, 50 years old.
Currently, he serves as Head of Information Technology She has been serving as Head of Money Market & Funding at PT
since 1 August 2023 and joined CIMB Niaga as Head of Data Bank CIMB Niaga, Tbk since September 2024. Previously, she
Management in early 2020. Previously, he had a career at HSBC served as Money Market Head since January 2016. She joined
Indonesia as SVP IT Data Management from 2018 to 2020. He Lippobank in 1995 and has held various important positions in
was in charge of Technology Risk and Audit at Commonwealth Treasury and Capital Market, including FCY & Swap Head and
Bank of Australia Group (Australia and New Zealand) from FCY Funding & Liquidity Manager.
2010 to 2018, Ernst & Young (Australia) from 2007 to 2010, and
In 1993, she completed his education at Saint Mary Jakarta.
PricewaterhouseCoopers, Jakarta.
He earned his Bachelor’s degree from Bina Nusantara
University.
Sudono Salim
Solihin Hakiekie Head of Audit-Professional Practices
Indonesian Citizen, 39 years old.
Head of HR Business Partner 2 & Talent He joined CIMB Niaga in July 2020 as Audit Segment Head and
Partnership currently serves as Head of Audit – Professional Practices. He
previously worked at PwC Indonesia (2007-2013; 2015-2020),
Indonesian Citizen, 45 years old.
PwC USA – New York Office (2013-2015), and EY Indonesia
He joined CIMB Niaga in December 2018, and as of 1 October (2007).
2023, he serves as Head of HR Business Partner 2 & Talent
He holds an Accounting degree from the University of
Partnership and previously held several positions as Head of
Indonesia and a Bachelor of Economics from the University of
HR OD, Talent & Performance Management, Head of Strategy,
Surabaya.
Performance & OD, and Head of Organization Development,
Talent & Employee Relations. His last position prior to joining He holds a Chartered Accountant (CA) certification from the
CIMB Niaga was Head of HR Center of Excellence at Bank Indonesian Institute of Accountants (IAI), a Risk Management
Commonwealth until 2018, and he had a career at Toyota Astra certification (BSMR) qualification 6, and a Prince2 Agile
Financial Service until 2010 and SCTV until 2009. Foundation certification from AXELOS. He is a member of the
management of the Bank Internal Auditors Association (IAIB)
He is a graduate of PPM Management College with a Master’s
for the 2020-2023 and 2023-2026 periods.
degree in Management and Parahyangan Catholic University
with a Bachelor’s degree in Social and Political Sciences.
Surya Kirana Sulistiyo
Stella Fiona
Head of Legal/General Counsel
Head of Finance Indonesian Citizen, 59 years old.
Indonesian Citizen, 41 years old. He served as Head of Legal at CIMB Niaga since May 2016.
He held various positions, including General Legal Counsel
Since September 2021, he has served as Head of Finance
at Bank Danamon Indonesia and Legal Division Head at UOB
after previously holding several key positions at CIMB Niaga,
Indonesia.
including Budgeting & Capital Management Head, Financial
Controller Head, Capital Management & Product Profitability He holds a Bachelor of Law degree from Trisakti University and
Group Head, and Product Profitability & FTP Head. Prior to a Master of Law from the University of Indonesia.
joining CIMB Niaga, he had a career at PricewaterhouseCoopers
in New York & Jakarta.
He earned a Bachelor of Economics degree from Padjadjaran
University Bandung and Accounting Professional Education
from the University of Indonesia, Jakarta. In addition, he also
participated in the CIMB Leading Leaders Development
Program starting in 2023.
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Syamsul Aidi Bachtiar Tony Tardjo
Head of Advisory & Legal - Sharia Head of Emerging Business Banking
Indonesian Citizen, 51 years old. Indonesian Citizen, 55 years old.
He has more than 20 years of experience in Islamic banking He has been serving as Head of Emerging Business Banking
and joined CIMB Niaga (Sharia) in 2013 as Group Head Advisory since March 2020 and previously served as Head of Analytics
& Sharia Legal. Currently, he serves as Head of Advisory & & Customer Experience in 2019, Head of Sales & Distribution
Legal Sharia since 2019. Previously, he worked at Bank Syariah for Out Region in 2015, and Head of Consumer Lending at
Mandiri (2002-2013) in various positions, with the last position CIMB Niaga since January 2011. He previously worked as
as Branch Manager. Retail Lending Head at Bank Permata from 2010 to 2011 and
Consumer Lending Business Head at Barclays Bank from 2009
He holds a Master of Art (Islamic Studies) degree from
to 2010.
Kebangsaan Malaysia University and a Bachelor of Islamic Law
from Al-Azhar University, Cairo. He is a holder of the BSMR He earned a Bachelor of Science in Electrical Engineering from
Level 4 Certificate. The Ohio State University, Columbus, Ohio, United States, and
attended the INSEAD Business School Executive Program in
2012.
Tajindra Pal Singh
Trisna Lucia Mauliaty Siahaan
Head of Wholesale Banking Operations
Indonesian Citizen, 49 years old.
Head of Credit Card, Merchant & Personal
He joined CIMB Niaga in September 2020 as Head of OIT Risk Financing Business
Control Unit & Strategic Risk Analytics. Currently, he serves
Indonesian Citizen, 52 years old.
as Head of Wholesale Banking Operations. He previously
served as SVP Service Excellence at PT Aplikasi Anak Bangsa She has been serving as Head of Credit Card, Merchant &
(Gojek) and has 15 years of experience at Citibank, with his last Personal Financing Business since 1 May 2022. During her
position as Credit Operations and Technology Director in 2019. career at CIMB Niaga, she also held several key positions such
as Credit Card Management Head, Credit Card National Sales
He earned his Bachelor of Science and Master of Science
Head, and Merchant Business Head. She started her career in
degrees from Michigan State University.
banking in 2001 as Credit Analyst Head at Bank Danamon.
She earned a Master’s in Engineering from the Bandung
Institute of Technology.
Tjahjadi Yapeter
Head of Non-Retail Credit Risk Management Wahdinie Musmar
Indonesian Citizen, 56 years old.
Since February 2021, he has served as Head of Non-Retail Head of Non-Retail Credit Policy and Assurance
Credit Risk Management and as Head of Wholesale Banking Testing
Credit since joining CIMB Niaga for the first time in November
Indonesian Citizen, 53 years old.
2012.
She joined CIMB Niaga in 2016 and currently serves as Head
Previously, he had a career at BCA as Head of Structured and
of Non-Retail Credit Policy and Assurance Testing. Prior to her
Project Finance and at HSBC Bank as Head of Credit Approval
current position, she served as Credit Audit Head from January
Unit.
2016 to December 2017. Her career spans all credit segments
He is a Bachelor of Science graduate of the Faculty of in banking by holding various positions, including Senior Credit
Industrial Engineering and Management at Oklahoma State Approver and Head of Credit Administration at Standard
University, United States. Chartered Bank and ABN AMRO Bank.
She earned a Bachelor of Economics majoring in Financial
Management from Padjadjaran University, Bandung, and an
MBA in International Trade from Texas A&M International
University, USA.
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Performance Management Company Management Risk
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Waskin Wijaya Handoyo Jo
Head of Strategic Procurement & Admin Property Head of Consumer Deposit & Strategic Partnership
Management
Indonesian Citizen, 50 years old.
Indonesian Citizen, 57 years old.
Since January 2023, he has been serving as Head of Consumer
He has been serving as Head of Strategic Procurement & Deposit & Strategic Partnership and began his career at CIMB
Admin Property Management at CIMB Niaga since October Niaga in May 2019. He had more than 21 years of diverse
2018. Previously, he had a career at CIMB Niaga as Group Head and long experience from various banking institutions, and
Project Development & Integration Management, at Bank in January 2014, he joined Mastercard International as VP
Permata as Group Head Data Quality & Strategic Information Member Relationship. He began his career at BCA in 1998 and
Management, at CIMB Niaga as Division Head Information followed by working at HSBC as VP Cards & PIL Policy in 2003
Management, at Panin Bank as Head of IT Security & Core and as Head of CTB & Secured Loan - Retail Banking Product at
Banking Implementation, and at Bank Bali as IT Development Standard Chartered Bank in 2005.
Staff.
He earned a BA in Economics from the University of Wisconsin
He is a graduate of Doctoral Program in Islamic Economics at Madison, USA.
& Finance, Faculty of Economics and Business, Trisaksi
University, Master’s Degree in Sharia Business Management,
Faculty of Economics, Tazkia Institute, Bachelor’s Degree in
Informatics Management, Gunadarma University.
Widodo Suryadi
Head of Commercial Banking
Indonesian Citizen, 51 years old.
He has been serving as Head of Commercial Banking at
CIMB Niaga since September 2019 after previously holding
the position of SEVP/Deputy Head of Micro Small Medium
Enterprises. He joined CIMB Niaga in September 2015 as
SEVP/Head of Corporate Banking II. Previously, he served
as EVP/Head of Wholesale Banking at Commonwealth Bank
(2011-2015) and in various other senior positions at DBS,
Rabobank, Citibank, and Arthur Andersen.
He earned an MBA from the Bandung Institute of Technology
in 2009 and a Bachelor of Business Administration from the
University of Wisconsin at Madison, USA, in 1996.
112 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Report Governance Responsibilities Corporate Data Statement
Statistics on the Number of Employees
and Competence Development Data
EMPLOYEE COMPOSITION BASED ON DIRECTORATE AND SUB DIRECTORATE
Directorate 2024 2023
Consumer Banking 2,168 2,226
Network & Digital Banking 5,001 5,083
Business Banking* 647 628
Emerging Business Banking **
212 203
Treasury & Capital Market 113 110
Syariah Banking 93 92
Operations & IT 1,781 1,755
Strategy, Finance & SPAPM 388 387
Human Resources 152 145
Risk Management 222 204
Special Asset 57 52
Compliance, Corporate Affairs & Legal 110 104
Corporate Assurance 119 113
Anti Fraud Management*** - 14
Total 11,063 11,116
*
The Business Banking Directorate consists of Corporate Banking, Commercial Banking, Financial Institution, Digital Economy, Government Relations, Transaction
Banking, Structured & Syndicate Finance and Loan Agency, RCU (COBA, FI, TB)
**
In 2023, Emerging Business Banking was transferred from Business Banking
***
In 2024, Anti Fraud Management was transferred under the Risk Management Directorate
EMPLOYEE COMPOSITION BASED ON ORGANIZATIONAL LEVEL
Organization Level 2024 2023
Senior Management 273 255
Middle Management 1,560 1,530
Junior Management 7,644 7,506
Non-Management 1,586 1,825
Total 11,063 11,116
EMPLOYEE COMPOSITION BASED ON EDUCATION LEVEL
Education Level 2024 2023
Up to High School 245 260
Diploma 1 24 27
Diploma 2 1 1
Diploma 3 1,197 1,201
Diploma 4 23 48
Bachelor 8,818 8,811
Master 749 761
Doctorate 7 7
Total 11,063 11,116
NUMBER OF EMPLOYEES BASED ON EMPLOYMENT STATUS
Employment Status 2024 2023
Permanent Employee 10,032 9,992
Contract Employee 1,031 1,124
Total 11,063 11,116
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NUMBER OF EMPLOYEES BASED ON TERM OF OFFICE
Term of Office (year) 2024 2023
<1 2,287 2,427
> 1-5 3,089 3,252
> 5-10 2,186 2,227
> 10-15 1,523 1,281
> 15 1,978 1,929
Total 11,063 11,116
NUMBER OF EMPLOYEES BASED ON AGE
Age (years old) 2024 2023
< 25 524 525
> 25-30 2,278 2,520
> 30-35 2,572 2,512
> 35-40 2,159 2,171
> 40 3,530 3,388
Total 11,063 11,116
NUMBER OF EMPLOYEES BASED ON GENDER
Gender 2024 2023
Male 5,457 5,471
Female 5,606 5,645
Total 11,063 11,116
COMPETENCY DEVELOPMENT PROGRAM BASED ON TRAINING TYPE
2024 2023
Training Type Participants Participants
Mandays (day) Mandays (day)
(people) (people)
Managerial, Leadership, & Soft Skills 34,644 10,825 37,878 15,608
Development Program & The Complete Banker 2,692 183,627 2,531 181,539
Risk, Corporate Assurance & Compliance 64,611 23,156 98,855 29,133
Digital and Data 34,998 6,940 25,347 6,711
Sales 9,026 5,030 22,492 10,566
Services 17,908 8,724 35,138 12,775
Treasury, Finance, & Tax 1,144 609 1,031 721
Credit 1,827 3,331 3,214 3,374
Operations & Information Technology 20,342 5,529 24,747 8,156
Sharia 3,810 2,238 13,403 5,565
Transaction Banking 840 416 332 296
Culture 24,864 6,832 52,853 18,803
Retirement 62 248 28 112
Sustainability and Sustainable Finance 85,962 9,878 23,129 6,411
Team Building 10,038 12,441 9,176 2,294
Total 312,768 279,824 350,154 302,065
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TRAINING TYPE, OBJECTIVE, AND PARTICIPANT/POSITION LEVEL
Percentage of those
Type of Training Junior & Non who have attended
(in the amount Senior Management Middle Management Total
Management training for each
of participant/ Training Objective type of traininng
Training
Program)
2024 2023 2024 2023 2024 2023 2024 2023 2024 2023
Managerial, Develop leadership skills, managerial 911 623 4,871 3,356 28,862 33,899 34,644 37,878 11% 11%
Leadership & Soft abilities and soft skills of employees
Skills
Development Development programs that provide - - - - 2,692 2,531 2,692 2,531 1% 1%
Program & The a comprehensive understanding in a
Complete Banker particular field, such as ITDP, ODP, SMEDP,
RMDP, Teller DP, and TCB are development
programs that provide a comprehensive
understanding in the banking industry.
Risk, Corporate Develop employee capabilities in managing 2,103 1,767 9,707 11,553 52,801 85,535 64,611 98,855 21% 28%
Assurance & risk and improve compliance in all job roles
Compliance
Digital and Data Improve competencies and skills in the 656 440 4,685 2,541 29,657 22,366 34,998 25,347 11% 7%
digitalization era
Sales Improve employee competences and skills 74 69 829 1,405 8,123 21,018 9,026 22,492 3% 6%
in sales aspects
Service Develop competencies and skills in 251 335 1,576 2,372 16,081 32,431 17,908 35,138 6% 10%
providing satisfactory services and
experiences to customers.
Treasury, Finance, Improve employee competencies and skills 158 67 387 199 599 765 1,144 1,031 0% 0%
& Tax in carrying out tax association activities,
customs and other fiscal activities.
Credit Improve competencies and skills in the 66 171 691 1,067 1,070 1,976 1,827 3,214 1% 1%
credit value chain and build an integrated
credit process
Operation & Improve employee competencies and 107 160 1,033 2,019 19,202 22,568 20,342 24,747 7% 7%
Informations skills in carrying out business operational
Technology activities and develop the Company’s
information technology capabilities.
Sharia Improve employee competencies and skills 113 126 448 1,018 3,249 12,259 3,810 13,403 1% 4%
in carrying out banking activities based
on sharia
Transaction Improve employee competencies and 31 23 270 79 539 230 840 332 0% 0%
Banking skills in carrying out financial transaction
activities effectively and efficiently.
Culture Develop employee skills towards corporate 502 1,164 3,392 7,616 20,970 44,073 24,864 52,853 8% 15%
culture
Retirement Improve employee competencies and skills - - 17 9 45 19 62 28 0% 0%
in entering retirement
Sustainability Develop competencies and skills in 1,887 528 11,550 2,839 72,525 19,762 85,962 23,129 27% 7%
and Sustainable achieving sustainable development goals
Finance
Team Building Joint activities to strengthen working 333 391 1,658 1,736 8,047 7,049 10,038 9,176 3% 3%
relationships that have an impact on
improving team performance.
Others (Trainer Develop employee competencies and - - - - - - - - 0% 0%
Convention, technical skills according to business needs
Sharing Session, to achieve Company targets
etc.)
Total 7,192 5,864 41,114 37,809 264,462 306,481 312,768 350,154 100% 100%
Percentage Who Have Attended Training for Each Job Level 2.3% 1.7% 13.1% 10.8% 84.6% 87.5% 100% 100%
2024 Annual Report | PT Bank CIMB Niaga Tbk 115
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
EMPLOYEE COMPETENCE DEVELOPMENT DATA
Type of Training Senior Middle Junior & Non
Total
(in number of mandays)/ Management Management Management
training program) 2024 2023 2024 2023 2024 2023 2024 2023
Managerial, Leadership, & Soft Skills 743 512 2,346 2,311 7,736 12,785 10,825 15,608
Development Program & The Complete Banker - - - - 183,627 181,539 183,627 181,539
Risk, Corporate Assurance & Compliance 745 468 3,796 3,110 18,616 25,555 23,156 29,133
Digital and Data 164 220 1,046 778 5,729 5,714 6,940 6,711
Sales 19 35 393 966 4,618 9,566 5,030 10,566
Service 78 61 511 553 8,135 12,161 8,724 12,775
Treasury, Finance, & Tax 129 134 222 184 258 404 609 721
Credit 58 165 1,176 1,036 2,096 2,173 3,331 3,374
Operations & Information Technology 27 50 280 639 5,223 7,466 5,529 8,156
Sharia 111 138 351 683 1,776 4,745 2,238 5,565
Transaction Banking 12 16 116 53 288 227 416 296
Culture 123 407 872 2,628 5,837 15,768 6,832 18,803
Retirement - - 68 36 180 76 248 112
Sustainability and Sustainable Finance 235 443 1,394 847 8,249 5,121 9,878 6,411
Team Building 413 98 1,889 434 10,138 1,762 12,441 2,294
Total 2,857 2,747 14,460 14,259 262,506 285,060 279,824 302,065
COMPETENCY DEVELOPMENT COST
(in billion Rupiah)
Development Type 2024 2023 2022
Management 73.58 83.81 71.71
Domestic External Seminars & Courses 2.00 2.00 2.00
Overseas External Seminars & Courses 1.00 1.00 -
Corporate Culture 5.57 3.95 3.48
Training Center 18.29 12.65 12.65
Operational Training 79.70 75.45 62.58
Total 180.14 178.86 152.43
In 2024, CIMB Niaga allocated HR development funds of Rp180.14 billion with an average number of training days of
20.32, and the number of training participants was 312,768 participants. Several programs that contributed to the
increase in development costs were the increase in the number of CIMB Signature Leadership Program participants,
who were divided into 3 levels, namely, Senior Leaders, Emerging Leaders & Junior Leaders, in addition to contributions
from the Credit Academy, The Complete Banker, and the Apprenticeship Program.
BANK’S OCCUPATIONAL HEALTH, SAFETY, AND SECURITY POLICY
CIMB Niaga has an Occupational Health, Safety, and Security Policy that is comprehensively described in the 2024
Sustainability Report.
116 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Shareholder Composition
COMPOSITION OF 20 LARGEST SHAREHOLDERS AS OF 1 JANUARY 2024
Number of Shares Ownership
Shareholder Name Status
(units) Percentage (%)
CIMB GROUP SDN BHD-NON TRADING Malaysia - Tax Treaty 22,991,336,581 91.48
PT COMMERCE KAPITAL Limited Liability Company - NPWP 255,399,748 1.02
CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY-16 Norway - Tax Treaty 182,000,000 0.72
PT BANK CIMB NIAGA TBK* Bank - Domestic 109,567,682 0.44
CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY-15 Norway - Tax Treaty 92,133,131 0.37
THE NT TST CO S/A CIM INVESTMENT FUND ICAV Institution - Foreign 80,000,000 0.32
JOHAN SUNDJOTO Individual - Local 67,050,000 0.27
MANULIFE DANA EKUITAS Insurance - NPWP 36,355,400 0.14
EDDO CHANDRA Individual - Local 33,000,000 0.13
PHILLIP SECURITIES PTE LTD Institution - Foreign 30,851,419 0.12
STATE STREET BANK-WISDOMTREE EMERGING MARKETS United States of America - Tax 26,443,700 0.11
SMALLCAP DIVIDEND FUND Treaty
UOB Kay Hian Pte Ltd Institution - Foreign 21,641,608 0.09
PT PRUDENTIAL LIFE ASSURANCE - REF Insurance - NPWP 21,395,200 0.09
DRS.LO KHENG HONG Individual - Local 19,764,000 0.08
DENDY SOERJONO Individual - Local 18,704,600 0.07
PT ELANG MAHKOTA TEKNOLOGI Limited Liability Company - NPWP 17,555,200 0.07
CGS-CIMB SECURITIES (SINGAPORE) PTE LTD Institution - Foreign 16,237,817 0.06
JONG TJHUN PING Individual - Local 15,300,000 0.06
PT CORIN INVESTA CORPORA Limited Liability Company - NPWP 15,212,500 0.06
BNYM RE ACADIAN EM MKTS SM ALL CAP EQ FD LLC-2039925167 Institution - Foreign 15,014,190 0.06
Others 1,066,644,067 4.24
Total 25,131,606,843 100.00
COMPOSITION OF THE 20 LARGEST SHAREHOLDERS AS OF 31 DECEMBER 2024
Number of Shares Ownership
Shareholder Name Status
(units) Percentage (%)
CIMB GROUP SDN BHD - Non Trading Malaysia - Tax Treaty 22,991,336,581 91.45
PT COMMERCE KAPITAL Limited Liability Company - NPWP 255,399,748 1.02
CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY - 16 Norway - Tax Treaty 244,365,831 0.97
NTC-CIM INVESTMENT FUND ICAV Institution - Foreign 80,000,000 0.32
JOHAN SUNDJOTO Individual - Local 60,500,000 0.24
EDDO CHANDRA Individual - Local 37,300,000 0.15
Manulife Dana Ekuitas Insurance - NPWP 34,785,300 0.14
PHILLIP SECURITIES PTE LTD Institution - Foreign 26,343,635 0.10
DRS.LO KHENG HONG Individual - Local 26,315,300 0.10
UOB Kay Hian Pte Ltd Institution - Foreign 24,612,643 0.10
BNYM RE WISDOMTREE EMERGING MARKETS SMALLCAP
Institution - Foreign 21,319,600 0.08
DIVIDEND FUND
PT AIA FINANCIAL - UL EQ SOLID Insurance - NPWP 19,771,900 0.08
PT ELANG MAHKOTA TEKNOLOGI Limited Liability Company - NPWP 17,555,200 0.07
JONG TJHUN PING Individual - Local 17,000,000 0.07
PT. CORIN INVESTA CORPORA Limited Liability Company - NPWP 16,535,000 0.07
CGS INTERNATIONAL SECURITIES SINGAPORE PTE LTD Institution - Foreign 15,669,637 0.06
DJOHAN EMIR SETIJOSO, IR Individual - Local 15,000,000 0.06
OCBC SECURITIES PTE LTD -CLIENT A/C Institution - Foreign 14,587,727 0.06
BNYM RE ACADIAN EM MKTS SM ALL CAP EQ FD LLC Institution - Foreign 14,503,190 0.06
CLEARSTREAM BANKING S.A. LUXEMBOURG Institution - Foreign 14,283,927 0.06
Others 1,195,020,624 4.75
Total 25,142,205,843 100.00
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
COMPOSITION OF SHAREHOLDERS WITH OWNERSHIP >5%
1 January 2024 31 December 2024
Shareholder Name Number of Shares Ownership Number of Shares Ownership Share Type
(units) Percentage (%) (units) Percentage (%)
CIMB GROUP SDN BHD 22,991,336,581 91.48 22,991,336,581 91.44 Common Stocks
As of 31 December 2024, there were no institutional shareholders holding more than 5% of the Bank’s shares other than
CIMB Group Sdn. Bhd., which is also the Bank’s controlling shareholder. However, the Bank is committed to guaranteeing
the rights of shareholders in accordance with Article 11, paragraph 11.3 of the Bank’s Articles of Association, which
stipulates that shareholders, either individually or jointly, representing at least 1/10 of the total number of shares with
valid voting rights, may propose agenda items for the GMS, including proposing nominations for members of the Bank’s
Board of Directors and Board of Commissioners.
COMPOSITION OF SHAREHOLDERS GROUPS WITH OWNERSHIP <5%
Local Foreign
1 January 2024 31 December 2024 1 January 2024 31 December 2024
Shareholder Type of Type of
Group Share Share
Ownership Ownership Ownership Number Ownership
Number of Number of Number of Number of Number of Number of Number of
Percentage Percentage Percentage of Shares Percentage
Shares (units) Shareholders Shares (units) Shareholders Shares (units) Shareholders Shareholders
(%) (%) (%) (units) (%)
Individual 842,250,727 3.35 34,317 987,300,950 3.93 49,331 Common 9,376,517 0.04 98 7,256,067 0.03 109 Common
Stocks & Stocks &
MESOP/ MESOP/
ESOP ESOP
Institution - - - - - - - 725,008,368 2.88 174 669,314,339 2.66 168 Common
Stocks
Individual – 5,792,013 0.02 32 6,955,363 0.03 41 Common - - - - - - Common
KITAS NPWP Stocks & Stocks &
MESOP/ MESOP/
ESOP ESOP
Bank 7,260,734 0.03 26 4,482,134 0.02 26 Common - - - - - - Common
Stocks Stocks
Broker 10,016,921 0.04 43 6,702,355 0.03 42 Common - - - - - - Common
Stocks Stocks
Government of - - - - - - Common - - - - - - Common
the Republic Stocks Stocks
of Indonesia
Insurance - 67,724,318 0.27 33 75,339,718 0.30 41 Common - - - - - - Common
NPWP Stocks Stocks
Cooperative 560,313 0.00 12 560,313 0.00 12 Common - - - - - - Common
Stocks Stocks
Mutual Fund 44,865,206 0.18 39 52,643,601 0.21 50 Common - - - - - - Common
Stocks Stocks
Pension Funds 751,074 0.00 30 889,674 0.00 32 Common - - - - - - Common
Stocks Stocks
Limited 323,056,397 1.29 394 338,690,197 1.35 416 Common 898 0.00 2 898 0.00 2 Common
Liability Stocks Stocks
Company -
NPWP
Limited 54,783 0.00 3 54,783 0.00 3 Common - - - - - - Common
Liability Stocks Stocks
Company
– Without
NPWP
Foundation 43,968 0.00 31 43,968 0.00 31 Common - - - - - - Common
Stocks Stocks
Foundation – 959,243 0.00 5 634,902 0.00 5 Common - - - - - - Common
NPWP Stocks Stocks
Total 1,303,335,697 5.19 34,965 1,474,297,958 5.87 50.030 - 734,385,783 2.92 274 676,571,304 2.69 279 -
The Bank’s shareholder group of less than 5% consists of institutions and individuals, with the number on 1 January 2024
owned by 35,239 shareholders and on 1 December 2024 owned by 50,309 shareholders. The shareholder group of less
than 5% based on the classification of individuals and institutions, both local and foreign, is as follows:
1 January 2024 31 December 2024
Shareholder Group
Number of Number of Ownership Number of Number of Ownership
Shareholders Shares (units) Percentage (%) Shareholders Shares (units) Percentage (%)
Individual Local 34,349 848,042,740 3.37 49,372 994,256,313 3.95
Foreign 98 9,376,517 0.04 109 7,256,067 0.03
Institution Local 616 455,292,957 1.81 658 480,041,645 1.91
Foreign 176 725,009,266 2.88 170 669,315,237 2.66
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NUMBER OF SHAREHOLDERS AND PERCENTAGE BASED ON CLASSIFICATION
Local Foreign
1 January 2024 31 December 2024 1 January 2024 31 December 2024
Shareholder
Group
Ownership Ownership Ownership Ownership
Number of Number of Shares Number of Number of Number of Number of Number of Number of
Percentage Percentage Percentage Percentage
Shareholders (units) Shareholders Shares (units) Shareholders Shares (units) Shareholders Shares (units)
(%) (%) (%) (%)
Bank 26 7,260,734 0.03 26 4,482,134 0.02 - - - - - -
Broker 43 10,016,921 0.04 42 6,702,355 0.03 - - - - - -
Government of - - - - - - - - - - - -
the Republic of
Indonesia
Individual 34,317 842,250,727 3.35 49,331 987,300,950 3.93 98 9,376,517 0.04 109 7,256,067 0.03
Individual – KITAS 32 5,792,013 0.02 41 6,955,363 0.03 - - - - - -
& NPWP
Cooperative 39 44,865,206 0.18 12 560,313 0.00 - - - - - -
Mutual fund 30 751,074 0.00 50 52,643,601 0.21 - - - - - -
Pension Fund 394 323,056,397 1.29 32 889,674 0.00 - - - - - -
Limited Liability 3 54,783 0.00 416 338,690,197 1.35 2 898 0.00 2 898 0.00
Company - NPWP
Limited Liability 39 44,865,206 0.18 3 54,783 0.00 - - - - - -
Company – Without
NPWP
Insurance - NPWP 33 67,724,318 0.27 41 75,339,718 0.30 - - - - - -
Foundation - NPWP 5 959,243 0.00 5 634,902 0.00 - - - - - -
Foundation 31 43,968 0.00 31 43,968 0.00 - - - - - -
Institution - - - - - - 174 725,008,368 2.88 168 669,314,339 2.66
Total 34,965 1,303,335,697 5.19 50,030 1,474,297,958 5.87 274 734,385,783 2.92 279 676,571,304 2.69
SHARE OWNERSHIP (DIRECT AND INDIRECT) OF MEMBERS OF THE BOARD OF COMMISSIONERS AND
BOARD OF DIRECTORS
Share ownership (direct and indirect) of members of the Board of Commissioners and Board of Directors who served and/
or were appointed in 2024, as follows:
CIMB Niaga CIMB Group Other Bank/Financial Institution Non-Financial Institution
Name Position
Shares Shares Shares Shares
1 January 2024
Board of Commissioners
Didi Syafruddin President - 47,791 shares • JP Morgan Chase: 15,767 • AT&T: 5,000 shares or (<5%);
Yahya Commissioner registered shares (<5%); • Empress Properties Sdn Bhd:
100 shares or 100% (registered
under the name • PT KAF Sekuritas Indonesia: under the name of Didi
of Wife (Sarina 1,500,000 shares (<5%) Syafruddin Yahya, wife: Sarina
Mahmood) Mahmood, and children: Iman
Yahya & Farah Dianputri).
Glenn M. S. Yusuf Vice President - - - -
Commissioner
(Independent)
Jeffrey Kairupan* Independent - - - -
Commissioner
Sri Widowati Independent - - - -
Commissioner
Dato’ Abdul Commissioner - - Malayan Banking Berhad: -
Rahman Ahmad** 25,000 shares (<5%)
Vera Handajani Commissioner 1,009,401# 850,196 in the - -
(<5%) name of Vera
Handajani
(<5%)
Farina J. Independent - - - • PT Pensieve Teknologi Indonesia:
Situmorang Commissioner 1,675 shares or (>5%)
• PT Kapitalis Inspirasi Nusantara:
1,850 shares or (>5%)
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CIMB Niaga CIMB Group Other Bank/Financial Institution Non-Financial Institution
Name Position
Shares Shares Shares Shares
Board of Directors
Lani Darmawan President 1,156,601 (<5%) 496,892 (<5%) PT CIMB Niaga Auto Finance -
Director (CNAF): 22,000 shares (<5%)
Lee Kai Kwong Director 465,700 (<5%) 70,397 (<5%) - -
John Simon Director 747,501 (<5%) 628,561 (<5%) CNAF: 22,000 shares (<5%) -
Fransiska Oei Director 774,401 (<5%) 458,564 (<5%) • PT Bank Danamon Indonesia -
Tbk: 471,500 shares (<5%)
• PT Bank Central Asia: 27,300
shares (<5%)
• CNAF: 22,000 shares (<5%)
Pandji P. Director 594,751 (<5%) 335,202 (<5%) - -
Djajanegara
Tjioe Mei Tjuen Director 163,300 (<5%) 11,833 (<5%) CNAF: 22,000 shares (<5%) -
Henky Sulistyo Director 51,600 (<5%) 89,102 (<5%) • PT Allo Bank Indonesia Tbk: • PT HM Sampoerna Tbk:
5,000 shares (<5%) 42,000 shares (<5%)
• BPD Jabar and Banten: 40,600 • PT Multi Bintang Indonesia:
shares (<5%) 1,000 shares (<5%)
• PT GoTo Gojek Tokopedia Tbk:
300,000 shares (<5%)
• PT Garuda Indonesia (Persero)
Tbk: 200,000 shares (<5%)
Joni Raini Director 128,801 (<5%) 55,124 (<5%) CNAF: 22,000 shares (<5%) -
Rusly Johannes Director 635,501 (<5%) 287,881 (<5%) CNAF: 22,000 shares (<5%) -
Noviady Wahyudi Director - 93,700 (<5%) CNAF: 10,000 shares (<5%) -
*
End of term of office on 3 April 2024.
**
Effective resignation on 30 June 2024.
#
Share ownership is the realization of remuneration rights received while serving as Director.
CIMB Niaga CIMB Group Other Bank/Financial Institution Non-Financial Institution
Name Position
Shares Shares Shares Shares
31 December 2024
Board of Commissioners
Didi Syafruddin President - 47.791 (<5%) • JP Morgan Chase: 15.767 • AT&T: 5,000 shares or (<5%);
Yahya Commissioner shares (<5%); • Empress Properties Sdn Bhd:
100 shares or 100% (listed
as Didi Syafruddin Yahya,
wife in the name of Sarina
Mahmood, and children in the
name of Iman Yahya & Farah
Dianputri).
Glenn M. S. Yusuf Vice President - - - -
Commissioner
(Independent)
Sri Widowati Independent - - - -
Commissioner
Vera Handajani Commissioner 1,055,401# 777,203 a/n - -
(<5%) Vera Handajani
(<5%)
Farina J. Independent - - - • PT Pensieve Teknologi Indonesia:
Situmorang Commissioner 1,675 shares or (>5%)
• PT Kapitalis Inspirasi Nusantara:
1,750 shares or (>5%)
• PT Katalis Anugerah Semesta:
100 shares (>5%)
• PT Protego Teknologi Indonesia:
5,455 shares (>5%)
• PT Eudaemonia Ventures
Indonesia: 990 shares (>5%)
Dody Budi Independent - - - -
Waluyo* Commissioner
Novan Amirudin** Commissioner - 540,230 (<5%) - Astro Malaysia Holdings Berhad:
51,450 shares (<5%)
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CIMB Niaga CIMB Group Other Bank/Financial Institution Non-Financial Institution
Name Position
Shares Shares Shares Shares
Board of Directors
Lani Darmawan President 1,511,501 (<5%) 740,725 (<5%) PT CIMB Niaga Auto Finance -
Director (CNAF): 22,000 shares (<5%)
Lee Kai Kwong Director 664,000 (<5%) 59 (<5%) - -
John Simon Director 973,301 (<5%) 109,413 (<5%) PT CIMB Niaga Auto Finance -
(CNAF): 22,000 shares (<5%)
Fransiska Oei Director 947,001 (<5%) 506,022 (<5%) • PT Bank Danamon Indonesia -
Tbk: 450,000 shares (<5%)
• PT Bank Central Asia Tbk:
27,300 shares (<5%)
• PT CIMB Niaga Auto Finance
(CNAF): 22,000 shares (<5%)
Pandji P. Director 732,501 (<5%) 325 (<5%) - -
Djajanegara
Tjioe Mei Tjuen Director 335,900 (<5%) - PT CIMB Niaga Auto Finance -
(CNAF): 22,000 shares (<5%)
Henky Sulistyo Director 145,600 (<5%) 14,153 (<5%) • Allo Bank Indonesia: 5,000 • HM Sampoerna Tbk: 42,000
shares (<5%) shares (<5%)
• BPD Jabar and Banten: • Multi Bintang Indonesia: 1,000
40,600 shares (<5%) shares (<5%)
• GoTo Tbk: 300,000 shares (<5%)
• Garuda Indonesia: 200,000
shares (<5%)
Joni Raini Director 244,901 (<5%) 41,551 (<5%) PT CIMB Niaga Auto Finance -
(CNAF): 22,000 shares (<5%)
Rusly Johannes Director 813,001 (<5%) 40 (<5%) PT CIMB Niaga Auto Finance -
(CNAF): 22,000 shares (<5%)
Noviady Wahyudi Director 55,400 (<5%) 1,720 (<5%) PT CIMB Niaga Auto Finance -
(CNAF): 10,000 shares (<5%)
*
Appointed at the AGMS on 3 April 2024 and effective on 21 August 2024.
**
Appointed at the EGMS on 25 October 2024 and effective on 26 February 2025.
#
Share ownership is the realization of remuneration rights received while serving as Director.
All members of the Board of Commissioners and Board of Directors do not have indirect ownership of the Bank’s shares.
BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS’ SHARES PURCHASE/SALE TRANSACTIONS
Each member of the Board of Commissioners and Board of Directors is required to submit information to the Bank
regarding their ownership and any changes in their ownership of the Bank’s shares no later than 3 (three) working days
after the transaction occurs in accordance with OJK Regulation (POJK) No. 11/POJK.04/2017 concerning Ownership
Reports or Any Changes in Ownership of Public Company Shares. Subsequently, the Bank is required to submit a report
to the OJK regarding the transaction no later than 10 (ten) days after the transaction occurs.
In addition to referring to the POJK, CIMB Niaga also has internal provisions, namely the Conflict Management Policy,
which requires each member of the Board of Commissioners and/or Board of Directors to notify of any purchase or
sale transaction of CIMB Niaga shares they own at least 2 (two) working days before the transaction is carried out and,
furthermore, must report the transaction within 2 (two) working days after the transaction occurs.
As of 31 December 2024, there were no recorded transactions of purchase or sale of CIMB Niaga shares carried out by
members of the Board of Commissioners and Board of Directors who have been effective. The addition of the number of
shares of members of the Board of Directors and Board of Commissioners who have been effective is a realization of the
company’s stock ownership program (MESOP).
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Number
Number of
Number of of Shares
Type of Shares as Transaction
Name Position Purchase/ Share Price as of 31 Reporting
Transaction of 1 Januari Date
Sales December
2024
2024
Didi Syafruddin Yahya President - - - - - - -
Commissioner
Glenn M.S. Yusuf Vice President - - - - - - -
Commissioner
(Independent)
Jeffrey Kairupan Independent - - - - - - -
Commissioner
Sri Widowati Independent - - - - - - -
Commissioner
Dato’ Abdul Rahman Commissioner - - - - - - -
Ahmad
Vera Handajani Commissioner - 1,009,401* - - 1,055,401 - -
Lani Darmawan President - 1,156,601 - - 1,511,501 - -
Director
Lee Kai Kwong Director - 465,700 - - 664,000 - -
John Simon Director - 747,501 - - 973,301 - -
Fransiska Oei Director - 774,401 - - 947,001 - -
Pandji P. Djajanegara Director - 594,426 - - 732,501 - -
Tjioe Mei Tjuen Director - 163,300 - - 335,900 - -
Henky Sulistyo Director - 51,600 - - 145,600 - -
Joni Raini Director - 128,801 - - 244,901 - -
Rusly Johannes Director - 635,501 - - 813,001 - -
Noviady Wahyudi Director - - - - 55,400 - -
* Share ownership represents the realization of remuneration rights earned while serving as Director.
CIMB NIAGA SHARE OWNERSHIP BY SENIOR EXECUTIVES
Officials one level below the Board of Directors have ownership of the Bank’s shares, either through the Management/
Employee Stock Option Program (MESOP) or Material Risk Taker (MRT) or purchases on the stock market. Details of
CIMB Niaga share ownership by Senior Executives as of 31 December 2024 have been uploaded on the Bank’s website
and can be accessed at: https://investor.cimbniaga.co.id/gcg/shareholdings_seo.html.
DEVELOPMENT OF CAPITAL STRUCTURE AND NUMBER OF SHARES IN CIRCULATION DURING THE LAST 5
(FIVE) YEARS
In the period from 2020 to 2023, CIMB Niaga did not issue new shares. In 2024, CIMB Niaga issued new shares amounting
to 10,599,000 in the connection with the implementation of Captital Increase Without Granting Pre-Emptive Rights (Non
Pre-Emptive Right Issue), therefor the capital composition as of 31 December 2024, as follows:
Description Number of Shares (units) Nominal (in Rupiah)
Authorized Capital 50,886,460,336 2,900,000,000,000
Class A Nominal Rp5,000 71,853,936 359,269,680,000
Class B Nominal Rp50 50,814,606,400 2,540,730,320,000
2024 25,142,205,843 1,612,787,275,350
Class A Nominal Rp5,000 71,853,936 359,269,680,000
Class B Nominal Rp50 25,070,351,907 1,253,517,595,350
Shares have not been Issued/Paid-up 25,744,254,493 1,287,212,724,650
Class A Nominal Rp5,000 - -
Class B Nominal Rp50 25,744,254,493 1,287,212,724,650
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Chronology of Issuance and/or
Listing of Shares
On 29 November 1989, CIMB Niaga listed its initial shares on the Indonesia Stock Exchange through an initial public offering
of 5,000,000 Bank shares to the public with a nominal value of Rp1,000 per share and an offering price of Rp12,500. Since
2011 until the end of 2024, CIMB Niaga has not issued and/or listed shares. In detail, the chronology of CIMB Niaga›s share
listing and issuance information until the end of the financial year is as follows:
Number of New
Stock Exchange Total of Paid-Up
Year Corporate Action Shares and Shares Number of Shares
Listing Date Capital (in Rupiah)
Offering Price
1989 Initial Public Offering (IPO) 5,000,000 29-11-1989 5,000,000 5,000,000,000
1991 Share Dividends 1,170,953 19-02-1991 6,170,953 6,170,953,000
1992 Limited Public Offering with Pre-emptive 5,252,500 23-12-1992 11,423,453 11,423,453,000
Rights (LPO I)
1993 Company Listing 46,353,964 01-03-1993 57,777,417 57,777,417,000
1995 Bonus shares from agio 57,777,417 26-12-1995 115,554,834 115,554,834,000
1996 Convertible bonds 42,020,000 15-02-1996 157,574,834 157,574,834,000
1996 Limited Public Offering with Pre-emptive 31,514,487 15-11-1996 189,089,321 189,089,321,000
Rights (LPO II)
1997 Nominal Value Splits Class A (@Rp500) 08-09-1997 378,178,642 189,089,321,000
(Rp1,000 to Rp500/share) 378,178,642
1997 Bonus shares from agio Class A (@Rp500) 16-09-1997 718,539,351 359,269,675,500
340,360,709
1999 Limited Public Offering with Pre-emptive Class B (@Rp5) 09-08-1999 Class A 359,269,675,500
Rights (LPO III) 71,135,395,749 718,539,351
Class B 355,676,978,745
71,135,395,749
2001 Limited Public Offering without Rights Issue Class B (@Rp5) 21-3-2001 Class A 359,269,675,500
(a total of 782,460,672 Class B shares not 6,392,132,084 718,539,351
listed)
Class B 387,637,639,165
77,527,527,833
2004 Combined nominal value 10 times (reverse Class A (@Rp500) 12-5-2004 Class A 359,269,675,500
stock) 9 Kelas B (@Rp5) 7 718,539,360
Class B 387,637,639,200
77,527,527,840
2004 Limited Public Offering without Pre-emptive Class A (@ 21-5-2004 Class A 71,853,936 359,269,680,000
Rights Rp5,000) Kelas B
(@Rp50) Class B 387,637,639,200
7,752,752,784
2004 ESOP Implementation Class B (@Rp50) 20-8-2004 Class A 71,853,936 359,269,680,000
417,809,500
2005 Series 1 Warrants 691,538,316 31-8-2005 Class B 640,592,910,500
12,811,858,210
2008 Converting 3,915,733,039 shares of PT Bank Class B (@Rp50) 1-11-2008 Class A 71,853,936 359,269,680,000
Lippo Tbk in the context of merger 11,051,151,514
Kelas B 1,193,150,486,200
23,863,009,724
2010 Limited Public Offering with Pre-emptive Class B (@Rp50) 30-12-2010 Class A 71,853,936 359,269,680,000
Rights (LPO V) (a total of 11,967,431 Class B 1,196,743,183
shares were not listed) Class B 1,252,987,645,350
25,059,752,907
2024 Addition of Capital Without Pre-emptive Class B (@Rp50) 01-02-2024 Class A 71,853,936 359,269,680,000
Rights (PMTHMETD) 1,253,517,595,350,
Class B 1,253,517,595,350
25,070,351,907
As of 31 December 2024, the number of CIMB Niaga shares issued is as follows:
Share Type Total Stock Exchange
The number of Class A* shares listed 71,853,936 Indonesia Stock Exchange
The number of Class B** shares listed 24,890,783,784 Indonesia Stock Exchange
The number of Class B** shares not listed (1%) 251,422,059 Not listed
*
Class A Shares @Rp5,000 per share
**
Class B Shares @Rp50 per share
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Chronology of Other Securities Listings
In terms of the chronology of other securities listings, CIMB Niaga has issued bonds and sukuk in Rupiah several times
with the aim of strengthening its capital structure and supporting the Bank’s business expansion. The bonds and sukuk
include Bank CIMB Niaga III Subordinated Bonds and Bank CIMB Niaga I Continuous Mudharabah Sukuk. All securities
issued by CIMB Niaga and still in circulation are listed on the Indonesia Stock Exchange.
OUTSTANDING BONDS AND SUKUK
As of 31 December 2024, CIMB Niaga has recorded several bonds and sukuk that have not matured with a total value of
Rp466,000,000,000 (Four Hundred Sixty-Six Billion Rupiah) and have a tenor of 5 (five) years and 7 (seven) years issued
in stages from 2018 to 2020.
In 2024, CIMB Niaga did not issue new bonds/sukuk. The list of CIMB Niaga bonds and sukuk that have not matured and
have not been paid off has been presented in the discussion of the Financial and Operational Data Overview chapter as
stated in the Sub-Chapter on Bonds, Sukuk, or Convertible Bonds Information of this Annual Report.
BONDS AND SUKUK THAT HAVE MATURED AND PAID OFF IN THE LAST 2 (TWO) YEARS
The list of CIMB Niaga bonds and sukuk that have matured and been paid off in the last 2 (two) years has been described
in the discussion of Bonds, Sukuk, or Convertible Bonds Information as stated in the Financial and Operational Data
Overview Chapter of this Annual Report.
ISSUANCE OF NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD) CIMB NIAGA
In 2024, CIMB Niaga did not issue any new Negotiable Certificates of Deposit (NCD). The following is information
regarding NCDs that have been paid off:
Nominal
Issuance Maturity Tenor
Description Coupon Currency (in billion Status
Date Date (Month)
Rupiah)
NCD I CIMB Niaga 2015 Series A 15 Dec 15 15 Jun 16 6 9.00% Rupiah 760 Paid
NCD I CIMB Niaga 2015 Series B 15 Dec 15 15 Dec 16 12 9.10% Rupiah 170 Paid
NCD II CIMB Niaga 2016 Series A 16 Jun 16 16 Sep 16 3 6.95% Rupiah 60 Paid
NCD II CIMB Niaga 2016 Series B 16 Jun 16 13 Jan 17 7 7.60% Rupiah 230 Paid
NCD II CIMB Niaga 2016 Series C 16 Jun 16 16 Mar 17 9 7.80% Rupiah 910 Paid
NCD III CIMB Niaga 2017 Series A 18 May 17 17 Nov 17 6 7.20% Rupiah 576 Paid
NCD III CIMB Niaga 2017 Series B 18 May 17 15 Feb 18 9 7.35% Rupiah 214 Paid
NCD III CIMB Niaga 2017 Series C 18 May 17 18 May 18 12 7.45% Rupiah 710 Paid
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Group Structure
Khazanah Employee
Nasional Berhad Provident Fund Public
21.5% 16.5% 6.4% 5.7% 49.9%
CIMB Group Holdings Berhad*
100%
Public
CIMB Group Sdn Bhd
92.46%**
7.54%
83.28% 97.32%
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
*
The Ultimate Beneficial Owner of CIMB Niaga is Datin Rossaya binti Mohd Nashir
**
Including PT Commerce Kapital 1.02%
The composition of CIMB Niaga Shareholders up to the financial year ending 31 December 2024, is as follows:
Number of Shares Nominal Amount (in
Shareholder Name %
(units) Rupiah)
CIMB Group Sdn Bhd 22,991,336,581 1,149,566,829,050 91.44
PT Commerce Kapital 255,399,748 12,769,987,400 1.02
Other Public Shareholder <%5 *
1,895,469,514 450,450,458,900 7.54
Total Paid-up and Issued Capital 25,142,205,843 1,612,787,275,350 100.00
*
Including Shares of Members of the Bank’s Board of Commissioners & Board of Directors
ULTIMATE SHAREHOLDERS AND CONTROLLING SHAREHOLDERS
Based on the table above, CIMB Group Holding Berhad (“CIMB Group”), which controls 91.44% of the Bank’s shares, is
the Ultimate Shareholder and Controlling Shareholder of CIMB Niaga.
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CIMB GROUP PROFILE
CIMB Group Holdings Berhad is a leading bank focused on ASEAN and one of the leading corporate advisors in the region.
CIMB Group is also the world’s largest major player in Islamic finance. CIMB Group is headquartered in Kuala Lumpur,
Malaysia, and offers consumer banking, commercial banking, wholesale banking, Islamic banking, wealth management,
and digital payments products and services.
To date, CIMB Group is the fifth largest bank by assets for banking in the ASEAN region, with approximately 33,000
employees and more than 28 million customers as of the end of 2024.
CIMB Group Holdings Berhad has been listed on Bursa Malaysia since 1987 and is one of the largest companies, with
a market capitalization of RM88.0 billion as of 31 December 2024. In 2024, CIMB Group had total assets of RM755.1
billion, with registered shareholders’ equity of RM69.2 billion and total Shariah assets of RM223.7 billion. At the end of
2024, the largest shareholders of CIMB Group Holdings Berhad were (i) Khazanah Nasional with a share of 21.5%, (ii)
Employees Provident Fund (EPF) with a share of 16.5%, (iii) Permodalan Nasional Berhad (PNB) with a share of 6.4%, and
(iv) Kumpulan Wang Persaraan (Diperbadankan) with a share of 5.7%.
VISION
To be the leading focused ASEAN bank.
PURPOSE
To Build a high-performing sustainable organisation to help advance customers and society.
MANAGEMENT
Name Position
Tan Sri Mohd Nasir Ahmad Chairperson/Non-Independent Director
Novan Amirudin Group Chief Executive Officer/Executive Director
Dato’ Mohamed Ross Mohd Din Independent Director
Tengku Dato’ Sri Azmil Zahrudiin Raja Abdul Aziz Non-Independent Director
Dato’ Lee Kok Kwan Non-Independent Director
Afzal Abdul Rahim Senior Independent Director
Didi Syafruddin Yahya Independent Director
Shulamite Khoo Independent Director
Ho Yuet Mee Independent Director
Datin Azlina Mahmad Independent Director
Lyn Therese McGrath Independent Director
Datin Rossaya Mohd Nashir Group Company Secretary
CIMB GROUP HOLDINGS BERHAD
Level 13, Menara CIMB
Jalan Stesen Sentral 2, Kuala Lumpur Sentral
50470 Kuala Lumpur, Malaysia
Phone : 603 2261 8888
Fax. : 603 2261 0099
Website : www.cimb.com
Investor Relation : ir@cimb.com
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Subsidiaries, Associated, and
Joint Ventures
SUBSIDIARIES
Total Asset in
Line of Share Date of Operation
Name Address 2024
Business Ownership Establishement Status
(in Rupiah)
PT CIMB Niaga Auto Jl. Bintaro Utama 9 Blok B9/I No. 15, Financing 83.28% 10 Active 10.8 trillion
Finance Kel. Pondok Pucung, Kec. Pondok Aren, Company December
Kota Tangerang Selatan 15229 1981
Call Center : 0804 1 090909 E-mail : info@
cnaf.co.id Website : www.cnaf.co.id
PT CIMB Niaga Graha CIMB Niaga 25th Fl. Securities 97.32% 12 Active 631 billion
Sekuritas Jl. Jend. Sudirman Kav. 58, Jakarta 12190 Company March
Phone : +62 21 5084 7847 (Underwriter) 2018
Fax. : +62 21 5084 7849
E-mail : corsec@cimbniaga-ibk.co.id
PARTICIPATION
Total Asset
Operation Ownership 2024
Name Address Line of Business
Status Portion (in million
Rupiah)
Bank Muamalat Indonesia Muamalat Tower, 18th Fl. Active 0.13% Sharia Banking 66,953
Jl. Prof. Dr. Satrio, Kav. 18 Jakarta 12940 (unaudited)
Sarana Aceh Ventura Jl. Tgk. Syech Muda Wali No. 39 Banda Active 1.32% Venture Capital 9,169
Aceh 23242 (unaudited)
Sarana Kerthi Development Jl. Diponegoro No. 150 Active 3.81% Venture Capital 29,503
Fund Ventura Komplek IDT/Ruko Genteng Biru Blok B
23-24 Denpasar - Bali
Bhakti Sarana - Inactive 2.71% Venture Capital -
Sarana Jambi Ventura Jl. Kapten Pattimura No. 119 Jambi 36129 Active 2.24% Venture Capital 203
Sarana Jateng Ventura Jl. Taman Sompok No. 18 Semarang Active 2.62% Venture Capital 51,420
50249 (unaudited)
Sarana Jatim Ventura Jl. Jemur Andayani No. 33 Surabaya Active 5.81% Venture Capital 68,706
60237
Sarana Kalbar Ventura Jl. M. Sohor No. 9 AB Pontianak 78121 Active 2.45% Venture Capital 35,375
PT Sarana Kalsel Ventura Jl. Pramuka No. 4 Banjarmasin Active 1.04% Venture Capital 71,974
(inhouse)
Sarana Lampung Ventura Jl. Diponegoro No. 69A Gulak Galik, Active 2.52% Venture Capital 544,610
Bandar Lampung 35214
Sarana Maluku Ventura Jl. Jend. Sudirman, Hative Kecil Inactive 2.73% Venture Capital -
Komplek Pondok Permai, Sirimau, Ambon
Sarana Papua Ventura Jl. Abe Tasangkapura No. 58 Jayapura, Active 5.63% Venture Capital 329,885
Papua 99223
Sarana Riau Ventura Komp. Perkantoran Grand Sudirman Blok Inactive 1.35% Venture Capital -
A-3 Jl. Datuk Setia Maharaja (d/h Parit
Indah), Pekanbaru-Riau
Sarana Sulsel Ventura Jl. Faisal Raya, No. 14 Makassar Active 2.89% Venture Capital 48,139
Sarana Sulut Ventura Kompleks Pasar Segar blok RC-17 Inactive 2.85% Venture Capital -
Paal Dua Jl. Yos Sudarso Manado
Sarana Sumatera Barat Gedung Rangkiang Ventura Active 3.37% Venture Capital 956
Ventura Jl. Khatib Sulaiman No. 9 Kav. 5 s/d 7
Padang, Sumatera Barat
Sarana Surakarta Ventura Jl. M. Saleh Werdisastro No. 1 Surakarta Active 1.85% Venture Capital 37,786
57133
Sarana Yogya Ventura Jl. Yos Sudarso 25 Kotabaru Yogyakarta Active 3.89% Venture Capital 49,321
55224
Other (< 100,000 Shares) - Active 0.05%-1.52% Financing Institution -
According to Audited
Financial Report
2024 Annual Report | PT Bank CIMB Niaga Tbk 127
Page 126
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
ASSOCIATED ENTITIES, JOINT VENTURE, In mid-2015, the Company merged with another
AND SPECIAL PURPOSE VEHICLE (SPV) subsidiary of CIMB Niaga, namely PT Kencana Internusa
Until the end of 2024, CIMB Niaga does not have any Artha Finance (“KITAF”), considering that both companies
Associated Entities, Joint Ventures, and Special Purpose operate in the same industry. In this case, the Company
Vehicles (SPV). acted as the recipient of the merger after obtaining prior
approval from the Otoritas Jasa Keuangan (OJK) on 19
SUBSIDIARY PROFILE November 2015. This corporate action was then ratified
by the Company’s Extraordinary GMS on 23 December
2015 and became effective as of 1 January 2016.
Rapid growth from year to year has further strengthened
the Company as one of the leading financing companies in
Indonesia. By carrying a fast and simple value proposition
and becoming a competitive and healthy growing company
NAME: in the financing industry. The Company transformed its
PT CIMB Niaga Auto Finance logo in 2020, becoming “CIMB Niaga Finance” to further
strengthen its positioning as a subsidiary that continues
LEGAL BASIS OF ESTABLISHMENT: to synergize with its parent company, namely PT Bank
Deed No. 48 dated 10 December 1981 amended by Deed CIMB Niaga Tbk. This logo transformation also sharpens
No. 80 dated 16 February 1982 and Deed No. 50 dated 27 the public paradigm of the Company, namely focusing on
October 1982 all made in the presence of Notary Frederik financing four-wheeled vehicles and expanding financing
Alexander Tumbuan, S.H. Notary in Jakarta, under the segmentation such as multipurpose financing.
name PT Saseka Gelora Leasing.
Along with the development of digital technology, the
VISION: Company launched the CNAF Mobile application, which
To become the most profitable multifinance company in is one of the implementations of the transformation that
Indonesia. is being carried out. The application is here to make it
easier for prospective debtors to apply for financing
MISSION: via smartphones with easy requirements, monitor the
Committed to becoming a finance company that provides status of application submissions in real time, and
the best value for all stakeholders through excellent obtain information on financing products and programs.
customer service, strong and mutually beneficial This application also provides maximum protection for
partnerships, quality human resources, and contributing customers. In terms of organization and business model,
to society. the Company continues to carry out gradual development
to achieve its vision and realize its commitment to
PT CIMB NIAGA AUTO FINANCE PROFILE achieving healthy and sustainable business growth.
PT CIMB Niaga Auto Finance (the Company or “CNAF”), Since 2021, the Company has continued to consistently
previously known as PT Saseka Gelora Leasing, was accelerate digitalization through various digital
established on 10 December 1981 based on the Company’s innovations.
Deed of Establishment No. 48 and was amended by
Deed No. 80 on 16 February 1982 and Deed No. 50 on 27 In 2022, the Company implemented a strategy to continue
October 1982. In 1996, PT Bank CIMB Niaga Tbk (formerly to increase financing distribution by taking advantage
PT Bank Niaga Tbk) acquired the Company through a of the economic recovery and the automotive industry
79.65% share participation and became the majority that has improved from the COVID-19 pandemic. As a
shareholder. In 2007, PT Bank CIMB Niaga Tbk (“CIMB result, the Company is increasingly known as one of the
Niaga”) increased its share ownership to 95.91%. leading financing companies in Indonesia that offers
the convenience of owning new and used cars of various
On 26 August 2010, the Company conducted a rebranding brands as well as multipurpose and hajj financing, with
marked by the transformation of its business from leasing easy requirements and adjusted tenors. CIMB Niaga
to consumer financing, especially motor vehicles. This Finance also has two financing systems that customers
transformation also confirms its existence as a subsidiary can choose from (conventional and sharia).
of PT Bank CIMB Niaga Tbk.
128 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
In 2024, CNAF continued its positive trend by maintaining VISION:
growth in each segment evenly. In line with CNAF’s To be a leading ASEAN company and a major player in
strategy in prioritizing the distribution of Sharia financing the underwriting and financial advisory market in the
and also in diversifying Sharia funding. The Company also Indonesian capital market.
implements a sustainability strategy in supporting the
growth of environmentally friendly vehicles by providing MISSION:
attractive interest rates. Through a service network in 31 Consistent in providing the best capital market products
branches in Indonesia, CIMB Niaga Finance will always and services in improving the quality of customer
be present by providing various products and services value through the creation of innovative capital market
according to the customer’s life cycle and providing a products aimed to attract investor interest by leveraging
profitable experience for all its customers. CIMB Group’s vast and experienced network.
Currently, CNAF has 31 branches spread throughout PT CIMB NIAGA SEKURITAS PROFILE:
Indonesia with a total of 923 employees. In mid-2017, CIMB Group Holdings Berhad “CIMBGH”
announced that its wholly owned subsidiary CIMBGH had
BOARD OF COMMISSIONERS signed a share purchase agreement with China Galaxy
President Commissioner : Lani Darmawan International Financial Holdings Limited (“CGIFHL”).
Commissioner : Noviady Wahyudi CIMBGH and CGIFHL then formulated their strategic
Commissioner : Koei Hwei Lien partnership over CIMBGH’s securities brokerage business
Independent Commissioner : Serena Karlita Ferdinandus unit.
Independent Commissioner : Hidayat Dardjat
Prawiradilaga Based on the agreement, the Investment Banking business
unit at CIMBGH is regionally separated from the scope
BOARD OF DIRECTORS of the strategic partnership. In relation to this, CIMBGH
President Director : Ristiawan conducted an internal reorganization of all Investment
Director : Michael Angga Banking business units throughout its business areas,
Director : Antonius Herdaru Danurdoro including those in Indonesia. In Indonesia, the Investment
Director : M. Imron Rosyadi Nur, ST Banking business unit is under the auspices of a new
entity, namely PT CIMB Niaga Sekuritas, whose legal
entity was established in 2018, where PT Bank CIMB
Niaga Tbk, as the majority shareholder, owns 97.32% of
the company’s shares.
As a business unit that oversees Investment Banking
activities, PT CIMB Niaga Sekuritas focuses on providing
securities underwriting services with a business license
NAME: issued by the Otoritas Jasa Keuangan (OJK) No. KEP-
PT CIMB Niaga Sekuritas 11/D.04/2019, financial advisors with a business license
issued by OJK No. S-618/PM.21/2019, arrangers of
LEGAL BASIS OF ESTABLISHMENT: Medium Term Notes (MTN) and Negotiable Certificates of
Deed No. 26 made by Ashoya Ratam, S.H., M.Kn., Notary, Deposit (NCD) with a business license issued by OJK No.
domiciled in the Administrative City of South Jakarta, S-1118/PM.21/2019, and arrangers of Commercial Paper
which has been legalized based on the Decree of the (SBK) with a business license issued by OJK No. S-1481/
Minister of Law and Human Rights of the Republic of PM.21/2019 and Bank Indonesia No. 22/17/DPPK/Srt/B.
Indonesia No. AHU-0021378.AH.01.01.YEAR 2018 dated
20 April 2018 and has been announced in the State BOARD OF COMMISSIONERS
Gazette of the Republic of Indonesia No. 14173 of 2018, President Commissioner : Rusly Johannes
Supplement to the State Gazette of the Republic of Commissioner : Nor Masliza Binti Sulaiman
Indonesia No. 69 dated 28 August 2018. Independent Commissioner : A. Pandu Djajanto
BOARD OF DIRECTORS
President Director : Harry Maryanto Supoyo
Director : Martin Batara Simorangkir
Director : Aditya NW Martowardojo
2024 Annual Report | PT Bank CIMB Niaga Tbk 129
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
List of Business Partnerships
Throughout 2024, CIMB Niaga collaborated with various • Partnerships with personal loan channeling schemes
business partners with the aim of further increasing with fintech lending such as Kredivo and SPinjam.
business growth and creating added value for customers, • Partnerships with invoice financing channeling
as well as increasing the Bank’s competitiveness and schemes with fintech lending such as Batumbu
efficiency in achieving the targets set in the Bank’s 3. Debit and Savings Cards
Business Plan. Information regarding the form of • Complete network and card partnership with
cooperation carried out by the Bank together with the Mastercard and GPN, including the creation of
business partner network in all product and service lines special card designs for selected community
is as follows: partners.
• Partnerships with various leading merchants
1. Wealth Management dan Insurance in the wholesale, lifestyle, cafe, and restaurant
• Bancassurance partnership for life insurance with sectors and e-commerce players.
Sunlife and AIA, Sompo for general insurance, and 4. Mortgage and Auto-Loan
other leading life insurance and general insurance • Collaborating with well-known developers
companies for loan-related insurance. by providing many attractive housing options
• Partnerships with leading global and domestic ranging from Sinarmas Land, Ciputra, Jayaland,
investment managers in distributing mutual funds Summarecon, Paramount Land, Alam Sutera,
based on customer risk profiles and investment Pakuwon Group, and many more
objectives. • Partnerships in individual loans distribution
2. Credit Cards, Personal Loans, and Emerging Business to expand the auto portfolio through the Joint
Banking (EBB) Financing scheme, both with subsidiaries through
• Complete network and card partnerships with PT CIMB Niaga Auto Finance (CNAF) and also with
Mastercard, including co-branding Mastercard several other financing companies, both under the
World and Platinum with ALL (Accor Live Corporate Group and private companies, including
Limitless). Astra Group through Astra Sedaya Finance (ASF)
• Partnerships with various leading merchants, and Federal International Finance (FIF), Mega
especially in the fields of groceries, cafes and Central Finance (MCF), and several other selected
restaurants, travel, gadget and electronic, and Multi Finance companies, such as Bussan Auto
e-commerce/marketplace players. Finance (BAF), Bank Rakyat Indonesia Finance
(BRI F), and several other selected Multi Finance.
5. Other forms of partnerships carried out by the Bank in
order to expand its business and improve the Bank’s
performance in a sustainable manner.
Public Accountant and Public Accounting Firm
PUBLIC ACCOUNTING FIRM
Rintis, Jumadi, Rianto & Rekan (“KAP RJRR”)
WTC 3 Jl. Jend. Sudirman Kav. 29-31 Jakarta 12920 – Indonesia
Phone : +62 21 5099 2901, +62 21 3119 2901
Fax. : +62 21 5290 5555, +62 21 5290 5050
Website : www.pwc.com/id
Registered Certificate Number : 315/KM.1/2024
PUBLIC ACCOUNTANT
Name : Jimmy Pangestu
AP Registration Number from the Ministry of Finance : Ap.1124
Registered Certificate Number : - OJK Banking Supervision: STTD.AP-393/PB.122/2018
- OJK Sharia Banking: STTD.APS-26/PB.122/2021
- OJK Capital Market: STTD.AP-581/PM.2/2018
Year of Assignment : 2024
130 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 129
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
PERIODIC SERVICES OF CAPITAL MARKET SUPPORTING PROFESSIONS IN 2024
Fees in Million Rupiah Assignment
Public Accounting Firm Public Accountant Services
(Excluding Tax) Period
Public Accounting Firm Rintis, Jumadi, Jimmy Pangestu Auditing the The total annual Financial year
Rianto & Rekan (“KAP RJRR”) (Member Consolidated Financial audit fees for 2024 is 2024
Firm of the PriceWaterhouseCooper Statements for the Rp11,107,875,250
(PWC) Global Network) financial year 2024
In 2024, there were non-audit services provided by KAP Rintis, Jumadi, Rianto & Rekan with a total cost of Rp215,000,000.
Capital Market Institutions Supporting
and Professions
SECURITIES ADMINISTRATION BUREAU NOTARY
PT Bima Registra Kantor Notaris Ashoya Ratam, S.H., M.Kn
Satrio Tower, 9th Floor A2 Notaris & P.P.A.T. Kota Administrasi Jakarta Selatan
Jl. Prof. Dr. Satrio Blok C4 Kuningan Setiabudi Jakarta Jl. Suryo No. 54 Kebayoran Baru Jakarta 12180 –
12950-Indonesia Indonesia
Phone : +62 21 2598 4818 Phone : +62 21 2923 6060
Website : www.bimaregistra.co.id Fax. : +62 21 2923 6070
E-mail : notaris@ashoyaratam.com
CUSTODIAN
PT Kustodian Sentral Efek Indonesia RATING AGENCY
Gedung Bursa Efek Indonesia, Tower I, 5th Floor PT Pemeringkat Efek Indonesia (PEFINDO)
Jl. Jendral Sudirman Kav. 52-53 Jakarta 12190-Indonesia Equity Tower 30th Floor
Phone : +62 21 515 2855 Sudirman Central Business District, Lot. 9
Fax. : +62 21 5299 1199 Jl. Jend. Sudirman Kav. 52-53
Website : www.ksei.co.id Phone : +62 21 509 68469
Fax. : +62 21 509 68468
TRUSTEE Website : www.pefindo.com
PT Bank Permata Tbk
Gedung World Trade Center II (WTC II), 21st - 30th Floor
Jl. Jend. Sudirman Kav. 29-31
Jakarta 12920-Indonesia
Phone : +62 21 772 89928
Fax. : +62 21 772 89928
Website : www.permatabank.com
Bank Data and Information Access
INVESTOR RELATIONS CORPORATE SECRETARY
Graha CIMB Niaga, 11th Floor Graha CIMB Niaga, 11th Floor
Jl. Jend. Sudirman Kav. 58 Jakarta 12190 - Indonesia Jl. Jend. Sudirman Kav. 58 Jakarta 12190 - Indonesia
Phone : +62 21 250 5252, 250 5353 Phone : +62 21 250 5252, 250 5353
E-mail : investor.relations@cimbniaga.co.id Fax. : +62 21 252 6749
E-mail : corporate.secretary@cimbniaga.co.id
2024 Annual Report | PT Bank CIMB Niaga Tbk 131
Page 130
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Website Information
CIMB Niaga operates the Bank’s main website, www. 10. Bank achievements and prospects
cimbniaga.co.id, which is created and managed based 11. Bank shares
on OJK Regulation No. 8/POJK.04/2015 concerning the 12. Publication of financial performance and financial
Website of Issuers or Public Companies. The Bank’s main position
website is also intended to comply with Law Number 8 13. Bank Product and Service Information
of 1995 concerning the Capital Market and to improve 14. Awards and Certifications
the implementation of Good Corporate Governance.
Through this site, CIMB Niaga is committed to providing In addition, CIMB Niaga also continues to strive to
transparent and accountable information to shareholders, complete and update the website periodically in line with
customers, the public, the government, and all other the fulfillment of POJK No. 8/POJK.4/2015 with various
stakeholders. important information, including:
CIMB Niaga’s main website can be accessed in 1. Home
Indonesian and English. The website has also Contains various information on Bank products and
fulfilled the mandatory information contained in services to customers, including Digital Banking
accordance with Article 6 of the OJK Regulation (POJK) services and CIMB Niaga promo programs presented
No. 8/POJK.4/2015 concerning the Website of Issuers or on the main website www.cimbniaga.co.id. The
Public Companies, in which Issuers or Public Companies homepage also presents the latest offers, foreign
are required to submit the following information: exchange rates, news & information, and the latest
1. General Information of Issuers or Public Companies; announcements. In addition, the Career and About
2. Information for Investors; Us menu bars can be accessed directly from the
3. Corporate Governance Information; and Homepage.
4. Corporate Social Responsibility Information.
2. About Us
Furthermore, the Bank’s website also contains other This menu bar contains a selection of general
specific information such as: information regarding Investor Relations, Corporate
1. Shareholder information up to the individual ultimate Governance, and CIMB Niaga Cares, which can be
owner directly accessed through microsite integration
2. Content of the Code of Ethics & Employee Behavior (https://investor.cimbniaga.co.id/). This page also
3. General Meeting of Shareholders (GMS), including contains information about the company’s history,
the agenda items discussed in the GMS, a summary of milestones, activities, and business licenses of the
the minutes of the GMS, and information on important Bank.
dates, namely the date of the GMS announcement,
the date of the GMS summon, the date of the GMS, 3. Products and Services
and the date of the summary of the minutes of the This menu bar provides various Bank products and
GMS announced services, including Savings, Credit Cards, Mortgage,
4. Separate annual Financial Statements (last 5 years) Unsecured Loan, Mutual Funds, Bancassurance,
and the last quarterly Financial Statement Waqf, and Treasury.
5. Annual Report & Sustainability Report
6. Profiles of the Board of Commissioners and the Board 4. Investor Relations
of Directors (including information related to the This menu bar contains a selection of Financial
profiles of the Sharia Supervisory Board, Committees, Information, Dividend Information, Stock/Bond
Corporate Secretary, and Senior Executives) Information, News & Events and Information Requests
7. Charters of the Board of Commissioners, the Board of that can be accessed through microsite integration
Directors, Committees, and Internal Audit Unit (investor.cimbniaga.co.id). Several important reports,
8. Corporate Governance Policy such as the Annual Report, Sustainability Report,
9. Briefing materials for analysts and the media Consolidated Financial Statement, Quarterly Financial
Statement, Monthly Financial Statement, and other
related information, can be accessed in the Financial
Information menu option.
132 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
5. Corporate Governance e. GCG Report: Corporate Governance
This GCG homepage contains complete information Implementation Report; Sustainability Report;
related to CIMB Niaga’s Corporate Governance with the GCG Self-Assessment Results and Implementation
menu bar options including About Us, Management, of Public Company Governance Guidelines.
GMS, GCG Structure, GCG Report, ASEAN Corporate f. ASEAN Corporate Governance Scorecard (ACGS):
Governance Scorecard, Transparency, and Other CIMB Niaga ACGS Assessment.
Information, which can be accessed through microsite g. Transparency: Investor News and CIMB Niaga
integration (https://investor.cimbniaga.co.id/). Press Releases.
Through this GCG homepage, the public can find h. Other Information: Capital Market Supporting
out information about GCG practices that have been Institutions and AML-CFT.
carried out by CIMB Niaga, as below:
a. About Us: CIMB Niaga at a Glance; Bank’s 6. CIMB Niaga Cares (CSR)
Vision and Mission; Share Ownership Structure Contains information on the practice of the 4
and Organizational Structure; Company Group (four) pillars of Corporate Social Responsibility
Structure; Affiliated Companies; Ratings; Awards; (CSR) that have been carried out by CIMB Niaga,
Sharia Business Unit and Contact Us (name, namely Education, Community Development and
address, contact number, e-mail, and head office Empowerment, Environment, and Philanthropy, as
website). well as the Sharia Business Unit Benevolent Fund and
b. Management: Management Team Profile; Other Contact Us for CSR.
Information related to the Bank’s Board of
Commissioners and Board of Directors; Report 7. Sustainability
and Charter of the Sharia Supervisory Board Contains information on CIMB Niaga’s sustainability
(SSB); Information related to the Bank’s Corporate performance and implementation based on 5 (five)
Secretary and Internal Audit; Stock Transactions pillar focuses, namely Sustainable Action, Sustainable
by Management; and Declaration of Integrity Pact, Business, Corporate Social and Environmental
Code of Ethics & Anti-Corruption Commitment. Responsibility, Governance, and Risk, as well as
c. General Meeting of Shareholders (GMS): Annual Stakeholder Engagement and Advocacy.
GMS and Extraordinary GMS of the Bank.
d. GCG Structure: Board of Commissioners
Committee; Board of Directors Committee;
Committee Performance Evaluation; Corporate
Governance Policy and Charter; GCG &
Sustainability Unit.
2024 Annual Report | PT Bank CIMB Niaga Tbk 133
Page 132
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Education and/or Training of
The Board of Commissioners, Board of Directors,
Sharia Supervisory Board, Committees,
Corporate Secretary, and Internal Audit Unit
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Board of Commissioners
Didi Syafruddin President Firechat with former Central Bank Governors "Central FIDE Kuala Lumpur,
Yahya Commissioner Banking in an Evolving International Financial System” 6 February 2024
Training on Common Reporting Standard & Foreign EY Online,
Accountant Tax Compliance (EY) 22 March 2024
Navigating the Future with Emerging Technology CIMB Kuala Lumpur,
23 July 2024
Seminar alignment of Risk Management Certification Level 6 BARA Jakarta,
21-23 August 2024
Anti Bribery and Corruption MACC Online,
3 September 2024
Boardroom Climate Essentials FIDE Online,
11 September 2024
Basel Workshop for Board of Directors CIMB Online,
30 September 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Glenn Vice President Seminar alignment of Risk Management Certification Level 6 BARA Jakarta,
Muhammad Commissioner 21-23 August 2024
Surya Yusuf (Independent)
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
Sri Widowati Commissioner Seminar alignment of Risk Management Certification Level 6 BARA Jakarta,
Independent 21-23 August 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta,
1 November 2024
Vera Handajani Commissioner CIMB Group Risk Malaysia – 2024 Senior Leadership Offiste Group Risk, CIMB Kuala Lumpur,
Bank 17-18 January 2024
2024 Bank Business Plan CIMB Niaga Jakarta,
1 February 2024
Inspiring Inclusion on International Women’s day 2024 Group HR, CIMB Online,
Bank 8 March 2024
GenAl Demo Oliver Wyman Kuala Lumpur,
22 April 2024
Addresing a Volatile World Oliver Wyman Kuala Lumpur,
7 May 2024
Seminar alignment of Risk Management Certification Level 7 BARA Jakarta,
17-18 July 2024
AIB Dinner Talk Series 2024 : Thailand – A Resilient Future Association of Bangkok,
International Bank 24 July 2024
(AIB)
Board CV Writing Masterclass 30% Club Malaysia Kuala Lumpur,
8 August 2024
CIMB Group Risk Team Building Group Risk, CIMB Melaka,
Bank 16-17 August 2024
2025 Risk Posture Workshop with Boards Group Risk, CIMB Online,
Bank 26 August 2024
134 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Briefing for Risk Management Certification Level 6 CIMB Niaga Jakarta,
28 August 2024
GEXCO Offsite for Business Units CIMB Bank Kuala Lumpur,
4 – 6 September
2024
Niaga Learning Adventure 2024 – Forward Leadership : New CIMB Niaga Bogor,
to Leader 19 September 2024
Briefing for Risk Management Certification Level 6 CIMB Niaga Online,
19 September 2024
Cross Divisional Leadership Panel Session 2024 - CIMB Bank Kuala Lumpur,
"Safeguarding the Bank: Navigating resilience in a world of 24 September 2024
change"
2025 Group Risk Leadership Offsite & Business Planning Group Risk – CIMB Kuala Lumpur,
Session Bank 2 – 4 October 2024
Khazanah Megatrends Forum 2024 Khazanah Nasional Kuala Lumpur,
Berhad 7 October 2024
Industry – Wide Commitment Focus Group Session Asian Institute of Kuala Lumpur,
Chartered Bankers 8 October 2024
(AICB)
Board Strategic Offsite 2024 CIMB Bank Manila,
10 October 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
Briefing for Risk Management Certification Level 6 CIMB Niaga Kuala Lumpur,
16 OKt 2024
2024 CIMB Compliance, Audit & Risk (CAR) Conference CIMB Bank Kuala Lumpur,
18 October 2024
Global CEO Program (Module 1) IESE Business USA,
School 28 October –
1 November 2024
GEXCO Offsite for Business Enablers CIMB Bank Kuala Lumpur,
4 – 5 November
2024
ECL Benchmarking Exercise for 1H 2024 PwC Kuala Lumpur,
11 November 2024
Regional FI Offsite - Panel #2: Balance Sheet Expansion CIMB Bank Online,
Strategy 22 November
2024
Business Learning Session with GCRO CIMB Niaga Jakarta,
28 November 2024
Farina J. Commissioner Seminar alignment of Risk Management Certification Level 6 BARA Bali,
Situmorang Independent 18-20 September
2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
Embedding Business and Human Rights in Financial Archana Kotecha Online,
Institutions & CIMB Group 17 October 2024
Sustainability
Dody Budi Commissioner Risk Management Certification Briefing Level 6 RDS Jakarta,
Waluyo** Independent 17 May 2024
Asian Confederation of Institute of Internal Auditor Regional The Institute Of Bali,
Conference Internal Auditors 27-28 August
Indonesia (IIA) 2024
Embedding Business and Human Rights in Financial Archana Kotecha Online,
Institutions & CIMB Group 17 October 2024
Sustainability
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta,
1 November 2024
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Novan Amirudin* Commissioner Risk Management Certification Briefing Level 6 BARA Jakarta,
16 October 2024
2024 Annual Report | PT Bank CIMB Niaga Tbk 135
Page 134
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Audit Committee
Dody Budi Chairperson As stated on page Board of Commissioners training
Waluyo** concurrently
Member
Glenn Member As stated on page Board of Commissioners training
Muhammad
Surya Yusuf
Endang Member Menangkap Peluang di Tengah Perlambatan Ekonomi Global LPPI Virtual,
Kussulanjari S. 23 February 2024
Peran Taksonomi untuk Keuangan Berkelanjutan Indonesia OJK Virtual,
(TKBI) dalam Mendorong Transisi Energi Menuju Net Zero 28 March 2024
Emission Indonesia
Prospek Pengembangan SJK Melalui Open Finance dan NIM OJK Virtual,
BOPO Perbankan 23 April 2024
How to Prevent Greenwashing in Sustainable Finance OJK Virtual,
16 May 2024
Challenge and Opportunity dalam Membangun Ekosistem Indonesia Banking Virtual,
Digital Banking School 17 May 2024
Workshop Navigating the Global Internal Audit Standards Institute of Internal Semarang,
Auditors 13-14 June 2024
Mengukuhkan Fondasi Perbankan di Tengah Volatilitas Global LPPI Virtual,
26 July 2024
Asian Confederation of Institute of Internal Auditor Regional The Institute Of Bali,
Conference Internal Auditors 27-28 August
Indonesia (IIA)) 2024
Risk Management Certification Briefing Level 7 RDS Jakarta,
6 September 2024
How to Prevent Money Laundering and Terrorism Financing OJK Online,
5 September 2024
Risk Management Certification Level 7 LSP LSPP Jakarta,
23 Sept 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
Angelique Dewi Member Memahami Business Process Modelling dan Internal Control Institut Akuntan Online,
Daryanto System Dalam Upaya Mencegah Kecurangan Dalam Laporan Publik 27-28 March 2024
Keuangan Indonesia
Pengelolaan & Penyajian Laporan Keuangan Holding Company Institut Akuntan Online,
Publik 3 dan 6 May 2024
Indonesia
Digital Maturity Assessment for Banking Industry Ikatan Auditor Jakarta,
Intern 6 June 2024
Bank
Persiapan Penerapan PSAK 117 Kontrak Asuransi Asosiasi Asuransi Jakarta,
Jiwa 27 June 2024
Indonesia
Risk Management Certification Briefing Level 4 RDS Jakarta,
12-13 August 2024
Risk Management Certification Level 4 LSP BSMR Jakarta,
21 August 2024
Internal Control for Preventing Fraud Institut Akuntan Jakarta,
Publik Indonesia 26 August 2024
Asian Confederation of Institute of Internal Auditor Regional The Institute Of Bali,
Conference Internal Auditors 27-28 August
Indonesia (IIA) 2024
Financial Services - 2024 Annual Technical Update PwC Indonesia Jakarta,
25 September 2024
Risk Management Certification Briefing Level 5 BSL Jakarta,
14-15 October
2024
Standar dan Implementasi Sustainability Reporting (Termasuk Institut Akuntan Online,
Update Terkini IFRS S1 dan S2) Publik Indonesia 22 October 2024
Era Baru Audit Internal: Pengadopsian Global Internal Audit Ikatan Auditor Jakarta,
Standards (GIAS) dan Peran Artificial Intelligence (AI) dalam Intern Bank 31 October 2024
Audit Internal
136 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 135
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Risk Management Certification Level 5 LSP BSMR Jakarta,
23 October 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta,
1 November 2024
Risk Management Certification Briefing Level 6 BSL Jakarta,
4 November 2024
Risk & Governance Summit 2024 : Strengthening the GRC OJK Online,
Ecosystem in the Financial Sector to Support the Golden 26 November 2024
Indonesia 2045 Vision
Risk Management Certification Level 6 LSP BSMR Jakarta,
19 November 2024
Risk Management Certification Briefing Level 7 BSL Jakarta,
6 December 2024
Risk Management Certification Level 7 LSP BSMR Jakarta,
7 December 2024
Kupas Tuntas POJK 15 Tahun 2024: Integritas Pelaporan Bank Ikatan Auditor Jakarta,
Intern Bank 13 December 2024
Nomination and Remuneration Committee
Sri Widowati Chairperson As stated on page Board of Commissioners training
concurrently
Member
Didi Syafruddin Member As stated on page Board of Commissioners training
Yahya
Glenn Member As stated on page Board of Commissioners training
Muhammad
Surya Yusuf
Nora Joice Member Risk Management Certification Briefing Level 5 LoG+ Jakarta,
Kimbal 12 May 2024
Risk Management Certification Level 5 BSL Jakarta,
21 May 2024
Digital Mindset for HRSS MIS Prof Dr Richardus Jakarta,
Eko Indrajit 14 May 2024
Being Agile, Collaborative and Innovative Nalar Prima Jakarta, 5 July
2024
Sertifikasi Kompetensi General Manager Sumber Daya LSP MSDM Jakarta,
Manusia Indonesia 7 September 2023
Healthy Lifestyle Ade Rai Bogor,
7 September 2024
Art Therapy Untung Subroto Bogor,
19 September 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta,
1 November 2024
Work From Heart to Action: Embracing differences & Untung S Jakarta,
uniqueness in the workplace for HRSS & MIS Darmawan 1 November 2024
Risk Oversight Committee
Glenn Chairperson As stated on page Board of Commissioners training
Muhammad concurrently
Surya Yusuf Member
Didi Syafruddin Member As stated on page Board of Commissioners training
Yahya
Vera Handajani Member As stated on page Board of Commissioners training
Farina J. Member As stated on page Board of Commissioners training
Situmorang
Dody Budi Member As stated on page Board of Commissioners training
Waluyo**
Ronald T.A. Member Risk Management Certification Briefing Level 7 RDS Jakarta,
Kasim 6 September 2024
Risk Management Certification Level 7 LSP BSMR Jakarta,
16 October 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta,
1 November 2024
Angelique Dewi Member As stated on page Audit Committee training
Daryanto
2024 Annual Report | PT Bank CIMB Niaga Tbk 137
Page 136
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Integrated Governance Committee
Dody Budi As stated on page Board of Commissioners training
Waluyo**
Endang Member As stated on page Audit Committee training
Kussulanjari S.
Serena K. Member Seminar Nasional APPI : “ Tantangan Pembiayaan Tahun Asosiasi Jakarta,
Ferdinandus 2024” Perusahaan 30 January 2024
Pembiayaan
Indonesia
“Peluang Pertumbuhan Kredit Pasca Berakhirnya Kebijakan OJK Online,
Restrukturisasi Kredit” 22 May 2024
Workshop “ Navigating the Global Internal Audit Sandards” The Institute of Semarang,
Internal Auditors 13 September
Indonesia 2024
Achiran Pandu Member - - -
Djajanto
Yulizar D. Member Training Masterclass - Muzakarah Cendikiawan Syariah INCIEF Lombok,
Sanrego Nusantara ke-18 tahun 2024 23 July 2024
Workshop Pra Ijtima' Sanawi (Annual Meeting) DPS Tahun DSN MUI Jakarta,
2024 11 September 2024
Risk Management Certification Briefing Level 4 LoG+ Online,
29 September 2024
Muzakarah Penasihat Syariah Islamic Finance Ke-17 Tahun KLIFF (Kuala Kuala Lumpur,
2024 - KLIFF (Kuala Lumpur Islamic Finance Forum) Lumpur Islamic 8 November 2024
Finance Forum)
Angelique Dewi Member As stated on page Audit Committee training
Daryanto
Board of Directors
Lani Darmawan President Seminar alignment of Risk Management Certification Level 7 BARA Jakarta,
Director 7-8 May 2024
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Lee Kai Kwong Strategy, Seminar alignment of Risk Management Certification Level 7 BARA Jakarta,
Finance 7-8 May 2024
& SPAPM
Director CFO FORUM II – 2024 PERBANAS Bali,
1 – 3 August 2024
Embedding Business and Human Rights in Financial Archana Kotecha Online,
Institutions & CIMB Group 17 October 2024
Sustainability
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
CFO FORUM III – 2024 PERBANAS Jakarta,
26 November 2024
John Simon Treasury Seminar alignment of Risk Management Certification Level 7 BARA Jakarta,
& Capital 21-22 March 2024
Market
Director Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Fransiska Oei Compliance, Sosialisasi FSAP (Financial Sector Assessment Program) OJK Jakarta,
Corporate 15 January 2024
Affairs &
Legal Director WEBINAR : Capturing Carbon: Understanding the CCS and Capital Market Online,
CCUS Landscape18 January 2024 (0nline) Malaysia 18 January 2024
collaboration with
ERM
FSAP (Financial Sector Assessment Program) Assessment – OJK Jakarta,
main Mission 25 January 2024
Narasumber "Hitam Putih" Bisnis Bank dan Multifinance Info Bank Online,
Paska POJK Perlindungan Konsumen Nomor 22 Tahun 2023 22 February 2024
138 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 137
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Sosialisasi Bye Laws Perbanas Jakarta,
23 February 2024
WEBINAR "Penanganan Kejahatan Perbankan dengan FKDKP Online,
Berlakunya UU P2SK & POJK 16 Tahun 2023" 29 February 2024
Webinar Indonesian Banking Road to Net Zero Emission OJK Jakarta,
4 March 2024
Seminar alignment of Risk Management Certification Level 7 BARA Jakarta,
19-20 March 2024
Seminar Outlook 2024 Perbanas Jakarta,
22 March 2024
Green Investment Principles (GIP) ASEAN Chapter SCB Jakarta,
1 April 2024
Capacity Building Sustainable Fiannce Even Forum OJK Jakarta,
23 April 2024
Webinar Green Financial Crime FKDKP - PPATK Jakarta,
29 April 2024
Forum “Understanding the Ussues for Sustainable Finance in Perbanas Online, 7 May 2024
Indonesia and How Should SMEs Define ESG”
Forum 22 Tahun Gerakan Nasional Anti Pencucian Uang, PPATK Jakarta,
Pendanaan Terorisme dan Pendanaan Proliferasi Senjata 6 June 2024
pemusnah Massal Indonesia’
Forum KEPP terkait kejahatan keuangan dan pencucian uang OJK Jakarta, 8 July
untuk seluruh bank di bawah pengawasan DPBP, DPW1, DPW2 2024
dan DPBS
Webinar Perlindungan Konsumen FKDKP Online, 15 July
2024
Webinar Penanganan Kejahatan Siber termasuk Perjudian OJK Online, 17 July
Daring sebagai Tindak Pidana Asal Tindak Pidana Pencucian 2024
Uang
Focus Group Discussion (FGD) tentang Penerapan Sertifikat- Perbanas Jakarta,
elektronik bagi Perbankan di Indonesia, 27 August 2024
Sharia F30 Workshop 2024 CIMB Niaga Jakarta,
28 August 2024
Webinar Pembiayaan Berbasis Environemntal, Social & LAPS SJK Online,
Governance (Peluang, Tantangan dan Penyelesaian Sengketa) 20 September 2024
Webinar ESG, Aspek Keuangan untuk mendorong pencapaian FKDKP - OJK Online,
SDG's 27 September 2024
The Cooler Earth 2024 CIMB Niaga Jakarta,
2 October 2024
Embedding Business and Human Rights in Financial Archana Kotecha Online,
Institutions & CIMB Group 17 October 2024
Sustainability
Webinar AI, Ethics and Compliance: Navigating a New Digital ICA Online,
Landscape 24 October 2024
PPATK Sharing session AML Jakarta,
1 November 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta,
1 November 2024
OECD/INFE Conference : Empowering Consumers Through OJK Bali,
Financial Education 8 November 2024
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Webinar "Prospek Ekonomi Tahun 2025 mencapai lndonesia FKDKP Online,
Emas 2045'. 11 December 2024
Pandji P. Sharia Seminar alignment of Risk Management Certification Level 7 BARA Jakarta,
Djajanegara Banking 19-20 March 2024
Director
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
The 6th International Hajj Fund Forum – ISEF 2024 BPKH – BI Jakarta,
30 October 2024
2024 Annual Report | PT Bank CIMB Niaga Tbk 139
Page 138
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Tjioe May Tjuen Operations & Seminar alignment of Risk Management Certification Level 7 BARA Jakarta,
Information 21-22 March 2024
Technology
Director Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
Embedding Business and Human Rights in Financial Archana Kotecha Online,
Institutions & CIMB Group 17 October 2024
Sustainability
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Henky Sulistyo Risk Influencing Style Assessment BTS Online,
Management 31 January 2024
Director
Seminar alignment of Risk Management Certification Level 7 BARA Jakarta,
7-8 May 2024
Future of Indonesia Banking & Competitive Landscape McKinsey Bogor,
18 July 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
Moody’s Inside ASEAN Indonesia H2 Summit Moody’s Jakarta,
21 November 2024
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Joni Raini Human Seminar alignment of Risk Management Certification Level 7 BARA Jakarta, 21-22
Resource March 2024
Director
High Performance Leadership IMD Lausanne, 12-17
May 2024
Reshaping The Future of HR CIMB Niaga Jakarta, 22 Aug
2024
Group Human Resources (GHR) Offsite CIMB Kuala Lumpur, 29-
30 Aug 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta, 1
November 2024
CIMB Leading Leader Development Program Cohort 3 : IMD Singapura, 11-15
Module 1: Gearing up for the Future – Leadership Impact November 2024
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor, 5-6
Meaning December 2024
Rusly Johannes Business Seminar alignment of Risk Management Certification Level 7 BARA Jakarta, 21-22
Banking March 2024
Director
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta, 1
November 2024
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor, 5-6
Meaning December 2024
Noviady Consumer Seminar alignment of Risk Management Certification Level 7 BARA Jakarta, 21-22
Wahyudi Banking March 2024
Director
Disruptive Innovation: Strategies for a Successful Enterprise Harvard Business Boston, USA, 17-22
School June 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta, 14
Okt2024
Embedding Business and Human Rights in Financial Archana Kotecha Online, 17 October
Institutions & CIMB Group 2024
Sustainability
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor, 5-6
Meaning December 2024
140 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 139
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Sharia Supervisory Board
Prof. Dr. M. Chairman Workshop Pra Ijtima' Sanawi (Annual Meeting) DPS Tahun DSN MUI Jakarta, 11
Quraish Shihab, 2024 September 2024
MA
Prof. Dr. Member Workshop Pra Ijtima' Sanawi (Annual Meeting) DPS Tahun DSN MUI Jakarta, 11
Fathurahman 2024 September 2024
Djamil, MA
Pendalaman SNI ISO 37001:2016 (ISO SMAP) Deloitte Jakarta, 1
November 2024
Dr. Yulizar D. Member Training Masterclass - Muzakarah Cendikiawan Syariah INCIEF Lombok, 23 July
Sanrego, M.Ec Nusantara ke-18 tahun 2024 2024
Workshop Pra Ijtima' Sanawi (Annual Meeting) DPS Tahun DSN MUI Jakarta, 11
2024 September 2024
Risk Management Certification Briefing Level 4 LoG+ Online,
29 September 2024
Muzakarah Penasihat Syariah Islamic Finance Ke-17 Tahun KLIFF (Kuala Kuala Lumpur,
2024 - KLIFF (Kuala Lumpur Islamic Finance Forum) Lumpur Islamic 8 November 2024
Finance Forum)
Internal Audit Unit
Antonius Chief Audit Risk Management Certification Briefing Level 7 BSL Jakarta,
Pramana Gunadi Executive 27 March 2024
Risk Management Certification Level 7 LSP BSMR Jakarta,
4 April 2024
CIMB Leading Leaders Development Programme - Creating IMD Estonia,
the Future 22-26 April 2024
Sharia Certification Level 3 – 2024 : Strengthening LND CIMB Niaga Jakarta,
Governance in Fulfilling Shari Principles 26 July 2024
Pendalaman SNI ISO 37001:2016 (ISO SMAP) TUV Nord Jakarta,
14 October 2024
Senior Leader- Conference 2024 CIMB Niaga & Daily Bogor,
Meaning 5-6 December
2024
Notes:
*
Appointed at the GMS on 25 October 2024 and effective on 26 February 2025.
**
Appointed at the AGMS on 3 April 2024 and effective on 21 August 2024.
2024 Annual Report | PT Bank CIMB Niaga Tbk 141
Page 140
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Awards and Certifications
AWARDS
Internasional Nasional
World Economic Magazine 3rd Anniversary Indonesia Inspiring Indonesia Human Capital Awards
Category
Women Awards 2024 2024
PT Bank CIMB Niaga Tbk Category Category
Best SME Bank Indonesia 2024 Mrs. Lani Darmawan The Best Human Capital for Human
As a recipient of the Indonesia Inspiring Capital Digitalization to Improve
Awarding Institution
Women Awards 2024 Effectivity and Digital Employee
Top Business
Experience
Awarding Institution
The Iconomics Awarding Institution
Warta Ekonomi
13th Infobank-Isentia Digital Brand
Regional Recognition 2024 Indonesia Financial Top Leader
Awards 2024
Asian Experience Awards 2024 Category
- The Best Credit Card – Conventional Category
Category Commercial Bank 2024 (KBMI 3: Core Lani Darmawan
PT Bank CIMB Niaga Tbk Capital Above Rp14 Trillion to Rp70 Best Leader for Providing Innovative
Indonesia Employee Experience of The Trillion) – Assets Above Rp200 Trillion and Sustainable Financial Solutions to
Year - Banking - The Best E-Money Bank 2024 (KBMI 3: improve Performance Growth
Core Capital Above Rp14 Trillion to Rp70
Awarding Institution Awarding Institution
Trillion) –Assets Above Rp200 Trillion
Asian Experience Warta Ekonomi
- The 2nd Best Deposit – Conventional
Commercial Bank 2024 (KBMI 3: Core
Asian Banking & Finance Wholesale Capital Above Rp14 Trillion to Rp70 18th Annual Indonesia Property &
Banking Awards’24 Trillion) – Assets Above Rp200 Trillion Bank Award 2024
Category - The 2nd Best Mortgage (KPR) –Conventional
Category
CIMB Niaga Commercial Bank 2024 (KBMI 3: Core
The Winner Road to Boom 2025
• Indonesia Domestic Green Financing Capital Above Rp14 Trillion to Rp70 Trillion) –
CIMB Niaga - The Best Innovative
Bank of the Year Assets Above Rp200 Trillion
Mortgage Process
• Corporate & Investment Bank of The - The 2nd Best Savings – Conventional
Year – Indonesia Commercial Bank 2024 (KBMI 3: Core Awarding Institution
• Syndicated Loan of The Year - Indonesia Capital Above Rp14 Trillion to Rp70 Indonesia Property & Bank
Trillion) – Assets Above Rp200 Trillion
- The 2nd Best Internet Banking –Conventional Euromoney Islamic Finance Award
Commercial Bank 2024 (KBMI 3: Core
2024
Capital Above Rp14 Trillion to Rp70 Trillion) –
Assets Above Rp200 Trillion Category
CIMB Niaga Syariah
Awarding Institution
Indonesia’s Best International Islamic
Majalah Infobank
Bank
Top Innovation Choice Award 2024 Awarding Institution
Euromoney
Category
Top Innovation Choice Award 2024
Awarding Institution
Infobrand
142 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 141
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
Transparansi & Penurunan Emisi Solo Best Brand & Innovation Indonesia Best Bank in Service
Korporasi Terbaik 2024 (SBBI) Awards 2024 Excellence 2024
Category Category Category
PT Bank CIMB Niaga CIMB Niaga CIMB Niaga
Predicate Best Brand Deposito • The Best -Branch ATM Conventional Bank
• Green Elite - Transparency of Corporate • The Best - Live Chat Conventional Bank
Emission Reduction Awarding Institution • The 2nd Best - Cash Recycling Machine
• Platinum Plus - Transparency of Solo Pos Bank Conventional Bank
Corporate Emission Calculation • The 3rd Best Overall - E - Banking
Top 100 Indonesia Inspiring Conventional Bank
Awarding Institution Wowen Award 2024 • 5 Consecutive Years in digital Channel
Investortrust.id Conventional Bank
Category
• 5 Consecutive Years in E-Banking
Foundation for International Indonesia Inspiring Women 2024
Conventional Bank
Human Rights Reporting Standards Lani Darmawan
President Director Awarding Institution
(FIHRRST)
Infobank
Awarding Institution
Category
Peluang News Magazine
Bank CIMB Niaga Tbk As One of Indonesia Sharia and Halal Top
the Public Companies with the Best Brand Awards 2024
Sustainability Report in 2022, A+ Rating The 4th MAW Talk Award 2024
Category Category
Awarding Institution CIMB Niaga Syaria
Moores Rowland Hery Kurniawan as Influential PR Figure
2024 Indonesia Best Sharia Business Unit of
Conventional Bank 2024 with service
Insider Growth Maker Club 2024 Awarding Institution Digitalization to Increase Customer
MAW Talk Experience
Category
CIMB Niaga Awarding Institution
CDP Mastermind Award 21st Infobank Banking Service Warta Ekonomi
Excellence 2024
Awarding Institution
Insider Category Investortrust Best Bank 2024
Category : 1st RANK THE 1st BEST-ATM
Category
Infobank The Most Outstanding CABANG - SHARIA BUSINESS UNIT
PT Bank CIMB Niaga Tbk
Women 2024 Awarding Institution Best Bank 2024 in the Conventional
Infobank Commercial Bank KBMI III Category (Core
Category Capital Above Rp14 Trillion – Rp70 Trillion)
Infobank The Most Outstanding Women
2024 Awarding Institution
- Mrs. Lani Darmawan Investortrust.id
- Mrs. Fransiska Oei
- Mrs. Tjioe Mei Tjuen
- Mrs. Vera Handayani
- Mrs. Sri Widowati
Awarding Institution
Infobank
2024 Annual Report | PT Bank CIMB Niaga Tbk 143
Page 142
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
HR Excellence Award 2024 Kata Data ESG Awards 2024 7 Most Popular Brand of the Year
Category Category
2024
PT Bank CIMB Niaga Tbk Finance Sector Governance Champion Category
Predicate PT Bank CIMB Niaga Tbk CIMB Niaga Syariah
• Wellbeing Management - Excellent Category: Finance (Sharia Banking - UUS
• Learning & Development (L&D) and Awarding Institution
CIMB Niaga Syariah)
Knowledge Management – Excellence Katadata
Awarding Institution
Awarding Institution The Iconomics Award 2024 Jawa Pos
Swa Magazine
Category
5th Indonesia Popular Companies Awards
Top GRC Award 2024
Malam Apresiasi Emiten 2024
2024 Category
Category PT Bank CIMB Niaga as the winner of 5th Pandji P Djajanegara
PT Bank CIMB Niaga Tbk Indonesia Popular Companies Awards The Most Committed GRC Leader 2024
For the increasing financial performance 2024
portfolio until the period of June 2024, by PT Bank CIMB Niaga Tbk
becoming a constituent of the Tempo- 5th Indonesia 50 PR Person Awards 2024 Shariah Business Unit
IDNFinancials 52 Index by getting the Hery Kurniawan as the winner of 5th Top GRC Award 5 Star
Main Index category - High Growth - High Anniversary Indonesia 50 PR Person
Dividend - High Capitalization Awards 2024 Awarding Institution
Top Business
Awarding Institution Awarding Institution
Tempo IDN Magazine The Iconomics Fortune Indonesia
Indonesia Top Green Leaders Award Indonesia Finance Award 2024 Category
2024 PT Bank CIMB Niaga Tbk
Category 100 Indonesia’s Biggest Companies 2024
Category CIMB Niaga Syariah
Lani Darmawan Category: The Best Indonesia Finance for Awarding Institution
(President Director PT Bank CIMB Niaga Sharia Bank - Public Company Fortune Indonesia
Tbk) as Indonesia Green Leader for Green
Awarding Institution Indonesia Best CSR Award 2024
Orientation in Establishing Sustainable
Economic Review
Financing Ecosystem Category
Awarding Institution Indonesia Best Workplace for Inspiring Sustainability Business with
Warta Ekonomi Women Award 2024 Social and Environmental Innovations for
Meaningful Change
The 9th Annual 2024 SPEx2 Category PT Bank CIMB Niaga Tbk
CIMB Niaga as Indonesia Best Workplace Best Corporate Social and Environmental
Award “Sustainability” for Women 2024 in Upholding Diversity Responsibility Awards 2024 for
Category and Inclusion Work Culture Strangthening Stratetic Collaboration to
PT Bank CIMB Niaga Outstanding Support Environmental Preservation and
Awarding Institution Humanitarian Activies
Achievement in Sustainability &
Majalah HersStory
Governance SPEx2 Award 2024
Awarding Institution
Indonesia Top Leader Award 2024 Warta Ekonomi
Mrs Fransiska Oei as The Best Champion
in Executing Sustainability & Governance Category
Strategy SPEx2 Award 2024 Hery Kurniawan
Awarding Institution Category Indonesia Public Relation Top
Majalah Kontan Leader Award 2024
Awarding Institution
Warta Ekonomi
144 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 143
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
13th Infobank Sharia Recognition Indonesia Most Powerful Women The 15th IICD Award
2024 Award 2024 Category
Category Category • Top 50 Big Capitalization Public Listed
Sharia Banking Business Unit Lani Darmawan Company
Excellent Financial Performance in 9 President Director of PT Bank CIMB Niaga • Leadership in Corporate Governance
Consecutive Year 2015 – 2023 Tbk Indonesia PT Bank CIMB Niaga Tbk 2024
Most Powerful Women 2024 in
Awarding Institution
CIMB Niaga Syariah Optimizing Product Excellence and
IICD
The Best Asset Quality Sharia Banking Service Capability to Improve Customer
Business Unit 2024 Experience Category: Conventional Bank
PR Excellence Awards 2024
Awarding Institution Awarding Institution
Infobank HerStory Category
CIMB Niaga
1st Place in Internal PR – General Theme
Marketing Excellence Awards 2024 Top CEO Indonesia 2024 Tempo -
Category
IDN Financial Awarding Institution
Perhumas
Predikat Category
• Excellence in Marketing Transformation Lani Darmawan
• Excellence in Marketing Digital Banking Award 2024
The Best CEO Outstanding Profit Growth
Category
Muhamad Firdaus Andjar Awarding Institution
• PT Bank CIMB Niaga Tbk
Marketing Leader of The Year Tempo IDN Financial
Customer Dimension Category – KBMI 3
Awarding Institution • PT Bank CIMB Niaga Tbk
Indonesia IT & Digital Operational Institutional Governance Dimension
Magnus Digital Indonesia
Excellence Award-VI-2024 Category –KBMI 3
Indonesia Annual Report Awards 2024 Category Awarding Institution
CIMB Niaga Investortrust.id
Category The Best Indonesia IT & Digital Operational
The Best Indonesia Annual Report Awards Excellence Award - 2024 Platinum Award (A)
2024 ESG Award 2024
(Excellence) 5 Star
– Platinum Awards (A) (Very Excellence) Category: Category
Category Public Economy - Sector Bank Bank Public Company - Asset > Rp300 PT Bank CIMB Niaga Tbk
Awarding Institution Sectoral Champion Award Finance
Awarding Institution
Economic Review Economic Review Awarding Institution
Investortrust.id
Infobank Digital 20 Financial Indonesia IT & Digital Operational
Institution Awards 2024 Excellence Award-VI-2024 Komisi Pemberantasan Korupsi
Category Republik Indonesia
Category
• CIMB Niaga as The Best Performing CIMB Niaga Syariah Category
Bank 2024 Based on Financial The Best Indonesia IT & Digital Operational PT Bank CIMB Niaga Tbk
Performance 2022-2024 - Bank Assets Excellence Award - 2024 Gold Award (B) Thank You for the Contribution of Financial
Category Within Rp100 Trillion Less (Excellence) 4 Star Service Providers in Supporting Corruption
Than Rp500 Trillion Category: Prevention Efforts Through LHKPN
• Lee Kai Kwong as Best CFO in Financial Sharia Bank Company Asset > Rp50 T
Institution 2024 Bank Assets Category Awarding Institution
Within Rp200 Trillion Less Than Rp500 Awarding Institution KPK
Trillion Economic Review
Awarding Institution
Infobank Digital
2024 Annual Report | PT Bank CIMB Niaga Tbk 145
Page 144
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Islamic Retail Banking Awards Marketeers Digital Marketing BPKH Banking Award 2024
Category
Heroes 2024 Category
PT Bank CIMB Niaga Tbk Sharia Category PT Bank CIMB Niaga Tbk
Business Unit was chosen as Best PT Bank CIMB Niaga Tbk • BPS BPIH Best Hajj Registration 2024
Islamic Retail Bank for Digital Banking in • Social Media Ads Heroes National Bank Category – UUS
Indonesia 2024 Turning Scrolls into Potential Leads. Best 1 – Bank CIMB Niaga Syariah
OCTO Mobile’s TikTok Campaign • BPS BPIH Best Young Hajj Registration
Awarding Institution 2024 National Bank Category -
Engages the Next Gen!
CAMBRIDGEIFA • BPS BPIH Best Digital Transformation
• Long Form Video Campaign Heroes
Wawuangcara - #GetWellSoon 2024
Top 100 CEO & The 200 Future OCTO Mobile by CIMB Niaga Best 3 – Bank CIMB Niaga Syariah
Leaders Forum 2024 • Umrah Rewarding Best Achievement
Awarding Institution Semester 2 (July to November 2024)
Category MDMH BPS BPIH Category National Sharia
Lani Darmawan
Bank Best 4 – Bank CIMB Niaga Syariah
President Director of Bank CIMB Niaga IDX Channel Anugerah Inovasi
CEO of the Year 2024 Awarding Institution
Indonesia 2024
BPKH
Joni Raini Category
Director of Human Resources at Award Anugerah Utama Sustainability Disway Awards 2024
CIMB Niaga Bank Journey to Net Zero 2050
The 200 Future Leaders Category
Awarding Institution PT Bank CIMB Niaga Tbk as the Most
Awarding Institution IDX Channel Dynamic Digital Banking Service
Infobank According to the Disway Group Editorial
Indeks Integritas Bisnis Lestari Team
11th Properti Indonesia Award 2024 2024 Awarding Institution
Category Category Disway
The Benchmark of Property Excellence PT Bank CIMB Niaga Tbk for its
Honoring KPR CIMB Niaga Syariah contribution in Kumparan Awards Impact Makers
PT Bank CIMB Niaga Sharia Tbk as The implementing Environment, Social, and 2024
Commended Sharia Mortgage Bank Governance (ESG)
Total Index - Ruby: Index Score 80.26 Category
Awarding Institution Noviady Wahyudi – Consumer Banking
Properti Indonesia - Integrated Business Aspect/Anti-
Corruption: Index Score 78.13 Director CIMB Niaga
- Business and Human Rights Aspect: Impact on Leadership Consumer Banking
Digital Financial Excellence Awards
Index Score 83.33 Awarding Institution
2024 - Environmental Aspect: Index Score Kumparan
Category 78.57
PT Bank CIMB Niaga Tbk Awarding Institution
Foreign Exchange Bank of KBMI 3 (Core IDX Channel
Capital Rp14 Trillion–Rp70 Trillion)
Awarding Institution
Media Asuransi
146 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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CERTIFICATIONS
Certificate ID23/00000337
The management system of
PT Bank CIMB Niaga Tbk
Gedung Griya Niaga 1, Lantai 5, Jl. Wahid Hasyim Blok B. 4 No. 3, Bintaro Jaya Sektor VII,
Tangerang, 15224, Indonesia
has been assessed and certified as meeting the requirements of
ISO/IEC 27001:2022
For the following activities
The Information Security Management System for the Information Technology (IT) Operational Function
covering Cyber Security function, Infrastructure System Management function, Data Center Operation
Management function, and Application Development function for the systems at PT Bank CIMB Niaga Tbk.
This is in accordance with Statement of Applicability document version 2.0 dated 12 July 2024
This certificate is valid from 14 November 2024 until 14 August 2026 and remains valid subject to satisfactory
surveillance audits.
Issue 2. Certified since 14 August 2023
Authorised by
Waras Putri Andrianti
PT SGS Indonesia
The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
t +6221 2978 0600 - www.sgs.com
This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as a copy.
This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions | SGS. Attention is drawn to the limitation of
liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized alteration, forgery or falsification of the content or
appearance of this document is unlawful.
Page 1 / 1
ISO/IEC 27001:2022 ISO 37001:2016 ISO 9001:2015
The Information Security Management Implementation of Anti-Bribery Management Provision of Education and Learning Services
System for the Information Technology System in Strategic Procurement & Admin for PT Bank CIMB Niaga Tbk.
(IT) Operational Function covering Cyber Property Management (SPAPM) at
Security function, Infrastructure System PT Bank CIMB Niaga Tbk. Providing Institution
Management function, Data Center SGS United Kingdom Ltd
Operation Management function, and Providing Institution
TUV NORD Indonesia
Application Development function for the
systems at PT Bank CIMB Niaga Tbk.
Providing Institution
SGS Indonesia
2024 Annual Report | PT Bank CIMB Niaga Tbk 147
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Highlight Report Profile Discussion & Analysis Management
With Limitless Dreams,
the Young Generation Sparks Inspiration
CIMB Niaga believes that the younger generation,
fueled by courage and bold aspirations, is a powerful
force for transformation, paving the way for a brighter
future.
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Business Report Governance Responsibilies Data Statement
2024 Annual Report | PT Bank CIMB Niaga Tbk 149
Page 148
04 Management Discussion and Analysis
Page 149
Comparison of Targets and Realizations in
2023 236
Review of 2024 Macro Economy 152 Projections for 2024 237
Business Segment Review 156 Dividend Distribution Policy 237
Corporate Banking 156 Long-Term Compensation Policy 238
Treasury and Capital Markets 160 Realization of the Use of Proceeds
from Public Offering 240
Transaction Banking 164
Other Important Transactions in
Commercial Banking 168 Significant Amounts 240
Emerging Business Banking (EBB) 172 Material Information and Facts
Subsequent to Audit Report 240
Consumer Banking 175
Significant Changes at the Bank and the
Sharia Banking 186 Bank’s Business Group in the Related Year 240
Operational Review Per Business Segment 193 Reported Financial Information Containing
Profitability of Each Business Segment 194 Extraordinary and Rare Events 240
Financial Review 195 Provision of Funds, Commitments,
and Other Facilities 241
Strategy in 2024 196
Significant Prohibition, Limitation, and
Electronic Network Coverage Expansion 195 Constraint to Transfer Funds Between the
Bank and Other Entities in the Business Group 241
Statements of Financial Position 199
Information on Material Transactions
Consolidated Statements of Profit Related to Investment, Expansion, Divestment,
and Loss and Other 216 Acquisition, and Restructuring 241
Comprehensive Income 223 Material Transactions Involving Conflicts
Cash Flow Statements 223 of Interest and Transactions with
Affiliated Related Parties 242
Prime Lending Rate 224
Derivative and Spot Transactions 245
Commitments and Contingencies 225
Changes in Law and Regulations with
Brief Report of the Subsidiaries 226 Significant Effect on the Bank and
Their Impact on Financial Report 246
Other Material Financial Information
Analysis of Ability to Pay Debts and Changes in Accounting Policies 250
Receivables Collectibility 229
Application of the Foreign Account
Significant Agreements 234 Tax Compliance Act (FATCA) & Common
Reporting Standards (CRS) 251
Capital Structure of the Bank 234
Marketing Aspects 252
Investment Property 235
Business Prospects 255
Material Commitment on
Capital Goods Investment 235 Business Continuity Information 257
Capital Expenditure Realization in
the Last Fiscal Year 235
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2024 Macroeconomics Overview
In 2024, CIMB Niaga again achieved good operational and financial
performance while maintaining sustainable development in the Bank’s
transformation. CIMB Niaga recorded a profit before tax of Rp8.7 trillion,
increasing 4.5%, with earnings per share of Rp271.59. This achievement
reflected the Bank’s emphasis on quality assets and operational efficiency.
GLOBAL AND NATIONAL ECONOMIC Bank Indonesia stated that Indonesia’s economic growth
OVERVIEW remained stable. Non-oil and gas exports increased in
Global economic growth is expected to remain stable, line with positive growth in demand from major trading
even though it is still below expectations. The World partners. Household consumption grew, reflecting the
Economic Outlook, published in January 2024, estimates stable Consumer Confidence Index and the positive impact
that in 2024 and 2025, the global economy is expected of regional elections in various regions. Investment was
to reach 3.2% and 3.3%. These growth projections also supported by company capital expenditure, as well
are broadly unchanged from the growth projections in as production and order volumes, as reflected in the Bank
October 2024. Indonesia Prompt Manufacturing Index (PMI). The Central
Bureau of Statistics recorded Indonesia’s economic growth
Meanwhile, Bank Indonesia, in its The Indonesia Economic in 2024 at 5.03%, driven by household consumption,
Report 2024 reveals that global political tensions remained particularly among the upper middle class, and investment
high in early 2024 due to the continuing Russia-Ukraine as the National Strategic Project (PSN) continues.
conflict, which intensified after Israel’s attack on Palestine.
Towards the end of 2024, the re-election of President Trump Indonesia’s Balance of Payments (NPI) in 2024 remained
in the United States (US) with his America First policy has stable, contributing to the country’s external stability.
again increased global uncertainty as could potentially The NPI recorded a surplus, supported by a low current
change the geopolitical and economic landscape of the account deficit, in line with a positive trade balance, and
world. Bank Indonesia estimates global economic growth an increase in capital and financial transaction surpluses.
in 2024 to slow down to 3.2%, from 3.3% in 2023, and The Rupiah exchange rate in December 2024 dropped by
is projected to remain at 3.2% in 2025, and slow down 4.34% or 3.74% (average) compared to 2023 levels. This
further to 3.1% in 2026. The divergence of growth patterns weakening was lower than that of other EMEs currencies.
between countries also continues along with the increasing Meanwhile, the Consumer Price Index (CPI) inflation in
fragmentation of the global economy and trade. December 2024 remained at 1.57%. This development
was influenced by core inflation which was controlled at
2.26%.
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BANKING REVIEW to Third Party Funds (LA/TPF) ratio of 25.59% with a Loan
Monetary policy transmission remained effective to Deposit Ratio (LDR) of 89.88% in December 2024.
throughout 2024. Money market interest rates (IndONIA) In December 2024, the banking capital adequacy ratio
continued to fluctuate close to the BI-Rate, with 6.16% on (CAR) was 26.69%, indicating a strong ability to absorb
27 December 2024. Banking liquidity remained adequate risk and support loan growth. Meanwhile, the banking
in line with the implementation of Bank Indonesia’s non-performing loan (NPL) ratio in 2024 remained low, at
policy combination, which includes the Macroprudential 2.08% gross and 0.74% net.
Liquidity Incentive Policy (KLM). Adequate liquidity and
improved banking efficiency in price setting, driven, The performance of digital economic and financial
among other factors, by the transparency of Prime transactions continued to improve in 2024, supported by
Lending Rate (SBDK), have had a positive impact on a secure, smooth, and reliable payment system. In terms
banking interest rates, which have remained stable. The of large-value, BI-RTGS transactions in 2024 increased
one-month deposit interest rate and loan interest rate by 19.5%, reaching Rp12,316.3 trillion. On the retail side,
in December 2024 were 4.87% and 9.20%, respectively, BI-FAST transaction volume grew by 50.3%, with total
relatively stable from the previous month’s levels. transactions reaching 364.5 million. QRIS transactions
showed significant growth of 159.4%, with 55.4 million
Bank Indonesia also recorded strong loan growth of users and 35.9 million merchants.
10.39% in 2024. Based on loan utilization categories,
in 2024, working capital loans, investment loans, and CIMB NIAGA’S POSITION IN THE
consumption loans increased by 8.35%, 13.62%, and INDONESIAN BANKING INDUSTRY
10.61%, respectively. Sharia financing grew by 9.87%, In 2024, CIMB Niaga continued to maintain its focus on
while loan to MSMEs increased by 3.37%. the Five Pillar Strategy to achieve business potential amid
the national economy’s growth. In 2024, CIMB Niaga again
The financial system’s resilience was well maintained, achieved strong operational and financial performance
including in the banking industry. Banking liquidity while maintaining sustainable development in the Bank’s
remained adequate, as reflected by the high Liquid Assets transformation. CIMB Niaga recorded a profit before
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tax of Rp8.7 trillion, a 4.45% increase with earnings per technology has always been the Bank’s main strategy
share of Rp271.59. This achievement reflected the Bank’s to encourage CASA growth in. CIMB Niaga’s CASA ratio
emphasis on quality assets and operational efficiency. increased to 66.02%, while the Industrial CASA ratio
increased from 63.04% to 63.39% in 2024. The bank’s
Amid unstable economic conditions, CIMB Niaga NIM ratio was 4.09%, compared to the banking industry’s
continued to provide attractive returns to shareholders average of 4.62%.
by strengthening its capital and liquidity positions.
This achievement was also supported by well-managed In terms of loan disbursement, CIMB Niaga’s asset quality
operational income and cost control, allowing the Bank to remained strong at 1.8%, which was lower than the
maintain double-digit Returns on Equity (ROE) of 14.34% industry average. This reflected prudent and proactive
in 2024. asset quality management, portfolio strength, and the
Bank’s commitment to sustainable performance. On the
On the funding side, CIMB Niaga remained committed other hand, the Bank’s CAR ratio was 23.34%, while the
to increasing the CASA ratio. The optimization of digital industry’s CAR was recorded at 26.69%.
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Business Segment Overview
CORPORATE BANKING
CIMB Niaga Corporate Banking has a vision “to become corporate segment, remained committed to providing
the first corporate banking choice in Indonesia that offers loan to customer segments with strong reputations and
excellent financial services to customers at local and industries with high growth potential.
regional levels” with two unique value propositions, which
are: Conversely, Corporate Banking, focused on developing
1. By utilizing “Regional Strength through the ASEAN third-party funds, particularly low-cost funds (current
footprint”, CIMB Niaga, as a bank, has a regional account and savings account), through increased
footprint and strong connectivity covering 7 digitalization and customer base expansion.
Southeast Asia countries (including Indonesia).
2. Corporate banking always offers advanced and Corporate Banking’s lending strategy for 2024 was to
comprehensive digital capabilities for customers. expand in sectors with high growth potential that still
aligned with the Bank’s appetite. Increasing loan growth
STRATEGIES AND POLICIES continues to be carried out with the principle of prudence.
Banking conditions in 2024 experienced several Suitable monitoring activities and early warning
challenges due to the global economic slowdown, mechanisms are still implemented to maintain the loan
which was influenced by geopolitical dynamics in other portfolio’s quality.
countries and domestic conditions that were not yet fully
stable. This slowdown was characterized by tight liquidity, On the other hand, when it comes to funding strategies,
financial market volatility, and deflation, encouraging we always provide comprehensive solutions to customers
Bank Indonesia to lower the benchmark interest rate. by continuously developing the capabilities of BizChannel,
Online Forex Deal, Gateaway@CIMB (Host-to-Host), and
Furthermore, the implementation of the 2024 election Application Programming Interface (API) for products
caused business actors to adopt a wait-and-see such as payment processing, cash management, trade
strategy. In this situation, banking, particularly in the finance, and securities services.
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LEVERAGE OF INFORMATION TECHNOLOGY As a result, CIMB Niaga has successfully increased its
Throughout 2024, Corporate Banking continued to Mutual Fund market share from fifth to fourth place, with
optimize the use of the BizChannel platform as a solution most of its customers coming from the FIG segment. FIG
to facilitate activities and access to Bank services for has also strengthened its partnership with CIMB Kuala
customers while transacting safely and comfortably. Lumpur Securities Services to acquire Global Mutual Funds.
Furthermore, Corporate Banking enhanced Digital and
Transaction Banking capabilities, including expanding Several important transactions in Asset Management,
the banking API network. Securities, and Multi Finance were completed in 2024,
allowing the FIG team to meet loan targets while maintaining
FINANCIAL INSTITUTION high asset quality. FIG, on the other hand, accounts for
CIMB Niaga has a special unit, the Financial Institutions the majority of the Business Banking Division’s fee-based
Group (FIG), which provides specialized expertise to support income.
the Bank’s business development in line with OJK regulations
on industrial diversity. FIG serves a wide range of corporate In addition, FIG CIMB Niaga has been reappointed by KSEI
banking customers, including local, foreign, and regional as the “Payment Bank and RDN Bank (Customer Fund
banks, as well as Non-Bank Financial Institutions (NBFIs) Account)” for Custody Settlement from 2024 to 2029.
customers such as securities firms, investment managers,
insurance companies, pension funds, multi-finance 2024 PERFORMANCE
companies, and Self-Regulatory Organizations (SROs). In 2024, Corporate Banking earned a total net interest
income of Rp2.7 trillion. Profit before tax was recorded
FIG has set a strategy for 2024 that includes launching at Rp3.6 trillion, an increase of 16.00% from Rp3.1 trillion
several new initiatives to support business growth, as well as in the previous year, while other operating income was
automating and improving processes to increase efficiency. recorded at Rp1.2 trillion.
Net Interest Income Other Operating Income Profit Before Tax
(in trillion Rupiah) (in billion Rupiah) (in trillion Rupiah)
2.9 2.7 2.7 1.0 1.4 1.2 2.9 3.1 3.6
2022 2023 2024 2022 2023 2024 2022 2023 2024
LOANS DISBURSEMENT
Corporate Banking successfully distributed a total loan of Rp90.5 trillion in 2024, contributing approximately 39.71%
of the Bank’s total loans. This was 8.29% higher than the previous year’s figure of Rp83.6 trillion. Working capital loans
were recorded at Rp37.6 trillion, while investment loans were Rp52.9 trillion.
Sharia financing reached Rp16.0 trillion, contributing 17.71% of total corporate banking loans. CIMB Niaga participated in
several syndicated loan transactions in 2024, with an estimated transaction (participation amount) of Rp8.4 trillion and
USD393.2 million out of a total volume (deal size) of Rp36.1 trillion and USD6.4 billion. Several significant syndicated
loan transactions involved, including PT Smartfren Telecom Tbk/PT Smart Telecom, PT Adaro Energy Indonesia Tbk,
PT Siloam International Hospital Tbk, and PT Trimegah Bangun Persada Tbk/PT Halmahera Jaya Feronikel (Harita Group).
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ASSET QUALITY
To maintain loans quality, Corporate Banking is
increasing the intensity of customer communication
and strengthening the use of early warning indicators.
Corporate Banking, on the other hand, remains open to
new customers by prioritizing the principle of prudence
during the onboarding process and being selective
in determining the criteria for prospective potential
Edwin Cheah
customers with favorable circumstances. Corporate
PT Daya Intiguna Yasa, Tbk (MR. D.I.Y.)
President Director Banking improved its asset quality in 2024, with a 0%
NPL.
Since 2017, MR.D.I.Y. Indonesia has worked in close
partnership with CIMB Niaga. For more than seven CUSTOMER DEPOSITS
years, CIMB Niaga has been our strategic partner, In 2024, Corporate Banking recorded total customer
consistently supporting our banking operations.
deposits at Rp75.1 trillion, with a CASA of Rp52.4 trillion.
CIMB Niaga’s digital products, especially Current account products were recorded at Rp52.3
BizChannel, have made our daily transactions a lot trillion, an increase of 31.21% from the previous year’s
simpler. Its innovative system allows us to make Rp39.9 trillion, while savings products were Rp0.1 trillion.
easy, safe, and secure business transactions. Corporate Banking’s CASA ratio increased from the
prior year’s 66.10% to 69.81% of total corporate banking
A strategic partner to us, CIMB Niaga ensures that
our corporate banking needs are catered to with a customer deposits. Meanwhile, time deposits in 2024
more streamlined transaction process. This goes were recorded at Rp22.7 trillion, an increase of 9.76%
beyond daily transactions, almost like CIMB Niaga from the previous year of Rp20.7 trillion.
takes our perspective when offering strategic
services and solutions for our dynamic and rapidly
CORPORATE BANKING HR
growing business.
CIMB Niaga aims to enhance the quality of its human
As part of CIMB Niaga’s regional network, not only resources to increase productivity and integrity in banking.
does CIMB Niaga help us with our banking needs The Bank improves human resource quality in Corporate
in Indonesia but it also offers regionally integrated Banking and other segments by organizing various
solutions.
structured education and training programs domestically
CIMB Niaga’s presence as a trusted partner allows and internationally. The education and training materials
us to focus on growth strategies and leave all our are designed to improve credit competency and provide
banking matters in their professional and reliable industry-specific insights while addressing compliance
hands. We’ve been very happy with our partnership and risk issues.
with the Bank. It is our sincere hope to see more of
CIMB Niaga’s innovations as it continues to bring
more and more banking solutions that meet the AWARD
needs of our growing business as we move forward. Corporate Banking received awards in 2024 to recognize
its performance throughout the year. It received the
Asset Asia Awards for Best Green Loan - Utility and Best
Sustainability Linked Loan - Manufacturing. Corporate
Banking was also recognized at the ESG Business Awards
with the ESG Award for Energy Efficiency Program - ID.
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PLANS, STRATEGIES, AND POLICIES 2025
In the future, Corporate Banking’s focus and strategy will
be to encourage loan disbursement growth, with interest
rates expected to decrease through 2025. Corporate
Banking will also implement a loan disbursement strategy
focusing on top-tier customers in its business industries
and the mining commodity sectors, such as metals and
minerals, renewable energy, and supply chain financing in
Ray A. Gunara
agriculture, FMCG, and automotive. The overall focus and
PT Harum Energy Tbk
strategy prioritize the principle of prudence (a prudent CEO
approach). Furthermore, Corporate Banking is committed
to maintaining the quality of its existing portfolio by PT Harum Energy Tbk. (HRUM) a holding company
increasing customer communication to provide the best operating in the mining sector, has developed a
banking solutions to meet their needs. relationship with CIMB Niaga since 2009. CIMB
Niaga continues to support HRUM’s business
development, and in 2024, CIMB Niaga participated
In terms of funding, Corporate Banking will ensure that in a new loan syndication raised by HRUM’s
the Bank’s liquidity is adequately maintained despite subsidiary, PT Tanito Harum Nickel.
the market’s tight liquidity conditions. This will be
done by implementing a more focused strategy that We greatly appreciate the support and commitment
that CIMB Niaga extended to our company thus far,
prioritizes low-cost funds and expand the customer base.
including in supporting our business transformation
Furthermore, Corporate Banking continues to strive to and diversification into the nickel mining and
provide excellent service to its corporate customers processing industry, which is in line with the global
through various innovative banking solutions, including energy transition effort to maintain long-term
the following: business sustainability.
1. Optimizing the use of the BizChannel platform
We hope that CIMB Niaga, as one of the largest
as a solution to facilitate activities and access to banks in Indonesia, will continue at the forefront
Bank services for safe and comfortable banking in responding to its customers’ banking service
transactions for customers. needs, and we look forward to continuing the strong
2. Strengthening customer relationships through collaboration with CIMB Niaga in the future.
account planning activities to better understand
their needs and increase cross-selling opportunities
through various innovative products according to
customer needs.
3. Improving Digital & Transaction Banking capabilities.
4. Expanding the scope of corporate banking business
into developing or second-tier cities in Indonesia with
significant economic potential.
5. Improving internal processes to provide excellent
service and customer satisfaction. Internal processes
can be strengthened through system/application
development, monitoring system development, and
human resource training and development.
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TREASURY AND CAPITAL MARKETS
Simpler, Faster, Better has always been the slogan of CIMB The fluctuation of the USD/Rupiah exchange rate,
Niaga Treasury and Capital Markets, which provides the which opened at the beginning of the year at 15,400
best service to customers and optimizes their business and increased to the highest level at 16,500, while the
and personal needs. Furthermore, Treasury and Capital lowest level was recorded at 15,060, reflected the market
Markets are supported in their business activities by volatility in 2024, which is relatively high in comparison
CIMB Niaga, a local private bank with the second-largest to 2023. This high volatility also increased the need for
assets and networks that constantly innovate and adapt hedging and creates opportunities to develop attractive
for the benefit of customers. investment products, increasing trading income and
volume with customers.
STRATEGY AND POLICY
In 2024, Indonesia experienced slowing consumption Seeing opportunities from this volatile market conditions
and investment growth due to high global and domestic CIMB Niaga Treasury and Capital Markets has
interest rates, decreasing commodities prices, and a implemented a strategy to optimize revenue by identifying
weakening Rupiah exchange rate. The domestic financial opportunities in unstable market conditions while
market fluctuated since the beginning of the year in adhering to prudence and appropriate risk mitigation. This
response to several significant events, both locally and aligns with CIMB Niaga Treasury and Capital Markets’
globally, including the presidential elections in Indonesia commitment to providing the best service to customers,
and the United States, the escalating geopolitical crisis in the form of foreign exchange transactions (plain
in Eastern Europe and the Middle East, and a decrease in vanilla), hedging transactions for anticipating market
inflationary pressures and global interest rates. risks through hedging facilities, and offering various
alternative investment products. Furthermore, this year,
CIMB Niaga Treasury and Capital Markets has been
actively engaging with Asset Management companies to
support the company’s mutual fund products.
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2024 PERFORMANCE
In the midst of challenging economic conditions in 2024, Treasury and Capital Markets as a whole managed to book
an 11% increase in revenue compared to last year. Treasury Sales activities managed to book an increase in revenue
respectively from foreign exchange transactions by 13%, and for securities investment transactions by 9% when
compared to the previous year.
Regarding Treasury Trading activities, there was a 43.3% increase in foreign exchange and derivative transaction
revenue, while investment income in securities decreased 89.4% compared to the previous year.
Gain on Foreign Exchange Gain on Investment in
and Derivative Transactions Marketable Securities
(in billion Rupiah) (in billion Rupiah)
1,464.2 1,150.4 1,674.9 757.3 648.8 69.0
2022 2023 2024 2022 2023 2024
TREASURY AND CAPITAL MARKETS: Furthermore, these services are available through CIMB
LIQUIDITY MANAGEMENT Niaga’s digital channels, specifically OctoClicks and
Treasury and Capital Markets, the Bank’s liquidity OctoMobile for personal transactions and New Gen
managers, diversify funding by issuing debt securities in Bizchannel for corporate transactions.
the Capital Markets to provide stable long-term funding
while also extending the duration of the Bank’s liabilities. CIMB Niaga Treasury and Capital Markets offer the
With adequate liquidity in 2024, the Bank paid off all following products and services:
maturing bonds with available third-party funds and did
not issue new bonds. ROUTINE TRANSACTIONS
Routine transactions are daily foreign exchange
TREASURY AND CAPITAL MARKETS transaction services, including FX TODAY, FX TOM, FX
PRODUCTS AND SERVICES SPOT, and banknotes.
CIMB Niaga Treasury and Capital Markets offer a variety
of solutions for customers to conduct foreign exchange HEDGING PRODUCTS
and securities transactions, including both Individual Products to protect financial performance from the risk
customers and institutional/corporate customers. of fluctuations in interest rates and exchange rates, using
the best products, include:
CIMB Niaga Treasury and Capital Markets offer a 1. Interest Rate Swaps (IRS). Products that offer hedging
range of products for personal transactions, including contracts for long-term loan interest rate fluctuations
foreign exchange transactions and short- to long-term to prevent future losses caused by unpredictable
investment products. Bond-linked deposits are one of the interest rate fluctuations.
new products offered, allowing customers to benefit from 2. Cross-Currency Swap (CCS). Products that offer
lowering interest rates. contracts to exchange principal and interest rates for
two different currencies over a specified period.
For individual customer transactions, CIMB Niaga 3. FX Forward. A conversion transaction refers to the
Treasury and Capital Markets provides products ranging sale and purchase of a foreign currency against the
from foreign exchange transactions to a variety of short Rupiah or another currency, with a settlement date
and long-term investment products. One of the new more than two working days after the transaction
products offered in 2024 was a bond linked deposit date.
where customers can benefit from falling interest rates. 4. Par Forward. It is an alternative hedging transaction to
mitigate the risk of future exchange rate fluctuations.
This product combines multiple FX Forward
transactions into a single contract.
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3. Strike currency is a Structured Product representing
derivative transactions as currency options with a
target rate (strike price).
4. Bonds. CIMB Niaga is a counterparty to government
bond transactions, including Indonesian Retail Bonds
(ORI), Indonesian Retail Sukuk (SRI), and corporate
bonds.
5. Bond-Linked Investment is a structured product
Yeoh Theam Seng
that includes non-derivative instruments (Deposits)
PT Bungasari Flour Mills
CFO and derivative instruments (Bond Options). It is
denominated in Rupiah.
PT Bungasari Flour Mills Indonesia is a company
engaged in the wheat flour industry. Our Customers who invest in this product may get an
collaboration with CIMB Niaga dates back to advantage from the increase in the bond reference
November 28, 2007, when we first came to know price as an additional return on investment by
one of the Bank’s leading digital products, the
exercising the Option if the fixing price exceeds the
Bizchannel. The app offers easy access to banking
services anytime and anywhere, allowing us to strike price.
make more efficient and more effective business
transactions. In addition, CIMB Niaga also provides NEW PRODUCTS IN 2024
a comprehensive array of banking products and Bond-Linked Deposits, which is a structured product
services that help us better manage our company’s
combining non-derivative instruments (in the form of
financial risks while optimizing its cash flow.
Partnering with CIMB Niaga gives us many benefits, deposits) and derivatives (in the form of IRS - Inverse
especially since we have easy access to one-stop Floater and Bond Forward). Through this product,
and trusted banking services. customers can enjoy the benefits of a 100% guarantee
of the principal amount if the product is held to maturity
We hope that the cooperation we have established
and the potential for higher returns in accordance with
will continue to strengthen and remain mutually
beneficial in the future. interest rate movements.
SUPPORT FOR GOVERNMENT PROGRAMS
CIMB Niaga Treasury and Capital Markets actively
5. FX Call Options and FX Put Options. These are the supports government programs, including socialization
right to purchase or sell a currency against another activities for Foreign Exchange Proceeds from Exports
currency at a predetermined exchange rate, amount, (DHE) from Natural Resources (SDA) by Government
and maturity date. Regulation (PP) No. 36 of 2023. CIMB Niaga Treasury and
6. Call Spread Option. This instrument acts as a hedge Capital Markets also conduct socialization regarding the
against exchange rate fluctuations. It enables benefits of Local Currency Transactions (LCT) to reduce
customers to purchase and sell options with the same dependence on global currencies.
contract value but different strike rates.
7. FX API. Is one of the interface systems that From the investment side, CIMB Niaga Treasury and
accommodates the service platform for delivering Capital Markets plays an active role as a distribution
foreign exchange information and deals in real time partner in supporting the sale of government bonds, both
through host-to-host media from CIMB Niaga. conventional and sukuk, where CIMB Niaga Treasury
and Capital Markets is appointed as the primary dealer
INVESTMENT PRODUCTS for the issuance of Government Securities to ensure the
1. Market Linked Deposits (MLDs) are a structured success of state financing, and as the primary dealer for
product that combines derivatives and deposits. Bank Indonesia, which acts as an intermediary for Bank
This product enhances yield and guarantees 100% Indonesia in carrying out monetary operations and market
protection of the principal amount. MLD is flexible development.
and liquid (CIMB Niaga provides daily disbursement
price quotes). In line with the underlying asset, MLD
is classified into: interest rate-based and foreign
exchange-based.
2. Swap Depo is a structured product that offers yield
enhancement and guarantees protection of 100% of
the principal nominal, which combines time deposits
with foreign exchange-based derivative instruments/
FX Swaps.
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CIMB Niaga Treasury and Capital Markets is an active
primary dealer for Project-Based Sukuk (PBSG01)
and Fixed-Rate (FRSDG01) bonds , both of which have
sustainable purposes. In addition to green bonds,
CIMB Niaga Treasury and Capital Markets offers other
green investment products, such as Market-Linked
Sustainability, which are closely tied to green financing.
Danny Goh Kian Yin
NETWORKS, SERVICES, AND THE TSH Group
OPTIMISATION OF INFORMATION Finance Director
TECHNOLOGY
CIMB Niaga Treasury and Capital Markets has a service TSH Group in Indonesia began working with CIMB
network throughout Indonesia, with 6 (six) regional Niaga in 2010, first supporting our Koperasi Plasma
Treasury and Capital Markets located outside Jakarta financing in East Kalimantan and subsequently
(Medan, Bandung, Solo, Surabaya, Bali, East Kalimantan, expanded the relationship to integrated cash
management, treasury, and financing to our
and Eastern Indonesia). Customers can also perform
business in Indonesia.
foreign exchange transactions and investments at CIMB
Niaga branches nationwide. CIMB Niaga’s digital products are seamless, secure
and innovative. Not only does the bank have strong
CIMB Niaga Treasury and Capital Markets uses information initiatives, but the team driving these digital
products is enthusiastic and pro-active in listening
technology to enhance customer convenience and
to our business needs, but making efforts to provide
streamline transaction support. Customers can conduct banking solutions for TSH Group.
personal foreign exchange transactions and investments
using CIMB Niaga’s digital channel services, which We see the commitment of CIMB Niaga in
include OctoMobile, and OctoClicks. These services allow strengthening its sustainable digital platform,
relationship banking, and integration across ASEAN
for real-time and online foreign exchange transactions
market, which makes it our top choice.
and bond investments.
We hope CIMB Niaga will continue to innovate and
CIMB Niaga Treasury and Capital Markets offers FX Online grow with integrated palm oil agriculture industry
services through New Gen Bizchannel to facilitate direct and Supporting our peers and remaining at the
forefront of providing financial solutions to agri-
foreign exchange transactions for corporate customers.
business client.
Furthermore, CIMB Niaga Treasury and Capital Markets
offers FX API services, allowing corporate customers’
systems to connect to the CIMB Niaga API Gateway and
conduct real-time foreign exchange transactions. PLANS, STRATEGIES, AND POLICIES FOR
2025
Furthermore, CIMB Niaga Treasury and Capital Markets Treasury and Capital Markets CIMB Niaga believes that
also committed to sustainable business development the most significant challenges in 2025 will be global
through technology. This meets customer needs and market volatility and geopolitical uncertainty, impacting
facilitates transactions. To offer enhanced services, people’s purchasing power and the economy. Looking at
CIMB Niaga Treasury also uses data analytics and AI to the challenges ahead, CIMB Niaga Treasury and Capital
personalize customer experiences. Markets is committed to providing the best service to
customers by addressing their needs in liquidity, asset
AWARD diversification, and hedging. CIMB Niaga Treasury and
In 2024, CIMB Niaga Treasury and Capital Markets Capital Markets will also improve operational efficiency
was honored with several external awards. CIMB Niaga based on sound risk mitigation principles.
Treasury and Capital Markets was recognized as the
Domestic Foreign Exchange Bank of the Year 2024 by
Asian Banking & Finance, the House of the Year Indonesia
2024 by Asia Risk, and the Best Bank for Investment
Solutions in Indonesia for FX and Rates by The Asset.
CIMB Niaga Treasury and Capital Markets has also
received multiple awards for delivering outstanding
customer solutions.
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TRANSACTION BANKING
Transaction Banking implemented various strategies fast, seamless, and reliable payment system. Transaction
and policies throughout 2024 to continue providing the Banking seeks to understand and meet this need by
best service, supported by multiple digital developments implementing digital innovation in products and services
and innovations in delivering ongoing customer services. while maintaining customer data confidentiality. It also
Transaction Banking always focuses on improving strives to be more effective and efficient in providing
product back-end system capabilities to maximize services to all levels of Indonesian society.
efficiency and customer service satisfaction through
system innovation, document simplification, and internal In facing challenges in the banking industry throughout
process reengineering. 2024, Transaction Banking continued to strengthen
its digital products and services. In 2024, Transaction
STRATEGIES AND POLICIES Banking has implemented several strategies and policies
During 2024, the Indonesian economy grew relatively to provide the best service and encourage product
steadily despite increasing global economic volatility development that can support CIMB Niaga’s collection
caused by escalating geopolitical conflicts that disrupted of low-cost funds and fee-based income, including the
commodity supply chains. In addition, holding the following:
2024 election led to financial and political uncertainty, 1. Growth of current account funds, focusing on
influencing people’s investment and consumption collecting low-cost Third Party Funds (DPK) current
decisions. accounts to maximize interest income by offering the
appropriate operating account solutions.
The banking sector must also adapt to the impact of 2. Intensification of cross-selling by increasing product
rapid digital transformation. Banking is expected to bundling offers to customers.
become more efficient and expand its services to support 3. Program and Campaign, launching programs based
Indonesia’s economic growth, especially with a secure, on customer segments and needs.
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4. Developing trade finance services and reengineering
the entire trade finance transaction service process to
optimize efficiency and customer service satisfaction.
5. Accelerating digital transformation through digital
product and service innovation.
6. Utilizing a capable custodian system, optimizing
the use of the latest features and technology in
the custodian business to improve the customer
Muhammat Slamet
experience and support customers’ expanding
PT Polytama Propindo
business activities. Finance and Business Development
General Manager
CASH MANAGEMENT
At this point, CIMB Niaga is Polytama Propindo’s
In response to the growing number of active internet
primary lender, with a total Sharia working capital
banking users for corporations (BizChannel@CIMB) and facility of USD20 million. The facility helps us run
the demand for a system that meets customer needs seamless operations since it comes with an easy
while prioritizing convenience, CIMB Niaga has upgraded and quick administration process and is backed by a
its corporate internet banking platform with cutting-edge responsive and communicative team that assists us
in using the Bank’s trade facilities. CIMB Niaga also
technology. This medium-term project helps businesses
offers more competitive costs than other products.
increase third-party funds, specifically current accounts,
and positions CIMB Niaga the primary bank in customer We are also supported by the Bank’s digital product,
financial activities. the Bizchannel, which we’ve come to use now quite
routinely for operational purposes while expanding
our company’s funds by placing it in a special rate-
TRADE FINANCE AND SUPPLY CHAIN bearing checking account. Using the Bizchannel
CIMB Niaga Transaction Banking offers Trade Finance app (secure Banking) has provided us (Polytama)
services to support customers with their domestic and a pleasant experience due to its user-friendly
international trading activities. Trade Finance products features and secure banking transactions.
can fully meet customers’ banking needs by tailoring
We’d love to do business further with CIMB to
them to their preferences, including conventional and
support our Company business operations and
Sharia contracts. The product lines offered include L/C growth as we look forward to their new working
(including Domestic Letters of Credit), bank guarantees, capital product offering that is cheaper and more
and working capital solutions such as trust receipts, efficient in the process that can help us in developing
import and export financing, and supply chain financing. the Company’s projects, with competitive costs and
secure banking processes.
CIMB Niaga’s Trade Finance strategy for 2024 focused
on providing solutions for customers with easy access
to trade facilities, including alternative Sharia financing.
CIMB Niaga also develops customer collaboration within
the ecosystem by providing trade and supply chain SECURITIES SERVICES
financing support. Through Transaction Banking, CIMB Niaga offers
Securities Services such as custodian and fund
CIMB Niaga Transaction Banking developed a payment administration to its non-retail customers in the Non-Bank
system to support domestic supply chain transactions Financial Institutions segment, which includes customers
and help customers grow their businesses. The system in the insurance industry, securities companies, asset
allows principals to expand their markets and overcome managers, and pension fund managers.
existing limitations. It is supported by a robust electronic
banking platform that monitors invoice status, payments, In addition, Securities Services offers Customer Fund
etc. Account services to investors through Securities
Companies and payment banking services. According to
the mandate issued by the Indonesian Central Securities
Depository (KSEI), CIMB Niaga is the only bank in
Indonesia designated as a cash settlement bank for
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UTILIZATION OF DIGITAL, ARTIFICIAL
INTELLIGENCE, AND DATA ANALYTICS
Along with the development of the digital economy,
which affects the banking industry, Transaction Banking
is also developing innovations to help accelerate digital
transformation, such as the Application Programming
Interface (API) ecosystem. Furthermore, the Securities
Services employs the most recent custodian service
Ferdy Nandes
system, equipped with cutting-edge features and
Aspire
General Manager technology to support the business activities of
customers who use custodian services and make
Aspire has established a strategic partnership customer investment portfolio management easier.
with CIMB Niaga through the latter’s virtual
card program, which offers integrated financial STRATEGIC COOPERATION
management feature and services. We view CIMB
In addition to implementing the previously mentioned
Niaga as a reliable and trustworthy partner for
Aspire’s business operations. strategies and policies, the Transaction Banking business
segment is also implementing Sustainable CIMB
CIMB Niaga’s digital products make it easy for Niaga product and service innovation in 2024 to build
Aspire to manage our transaction needs. Aspire strategic alliances with several large corporations. The
also appreciates the support of the CIMB Niaga
collaboration includes:
team, which is always quick to offer solutions and
ensure that Aspire’s needs are met. 1. Cash Management collaborates strategically with
companies in the electronics and logistics sectors to
Through innovative digital products from CIMB develop cash digitization solutions for payment and
Niaga, Aspire can expand its business in Indonesia collection.
more efficiently and broaden its market reach
2. Strategic collaboration with polypropylene resin
throughout the country. We’re really looking
forward to CIMB Niaga’s future innovations to bring manufacturers to offer trade loan facilities that could
increasingly relevant and useful digital products, help customers with proper financial management.
not only for Aspire but also for all businesses in 3. Strategic collaboration with mining companies to
Indonesia. provide trade services to exporters.
2024 PERFORMANCE
Transaction Banking performed well in 2024, supported
foreign currency transactions in the capital market. CIMB by successful expansion and penetration efforts in
Niaga continues to build customer trust for this mandate, the business community across various industries.
and it is currently one of the settlement banks with the The implementation of strategies and policies, as
largest market share in Indonesia. well as strategic collaboration conducted to address
the challenges of the banking industry, improves the
Securities Services is still being developed as one of CIMB management of Cash Management, Trade Finance, Value
Niaga’s primary Transaction Banking products to help Chain, and Securities Services products.
increase fee-based income and third-party funds from
the current account side. This demonstrates the Bank’s In Cash Management services, active BizChannel@CIMB
commitment to providing the best customer experience users increased by 5.18% in 2024 over the previous year.
possible through cutting-edge technology. This achievement positively impacted the total ending
balance of current accounts by 26.83% and the ending
Securities Services has implemented the most recent balance of deposits by 17.89% from a year earlier. Virtual
custodian service system, which is equipped with cutting- Account (VA) transactions also increased by 31.17% in
edge features and technology to support customers’ 2024 compared to the previous year. In addition, the value
business activities and make it easier for them to manage of corporate card transactions increased fourfold from a
their investment portfolios. With this system innovation, year earlier.
the Securities Services business is expected to grow and
contribute more to the Bank.
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The average Trade Finance loan balance in 2024 increased by 21.24% compared to the previous year. Furthermore, the
use of Local LC products increased, with transaction values increasing by 39.14% over the previous year.
In Securities Services, the asset management balance for Custody Services has increased by 21.45% in 2024 compared
to the previous year.
AWARD
Transaction Banking strives to address various existing challenges and improve operational efficiency within the internal
business by streamlining work procedures. In 2024, CIMB Niaga Transaction Banking achieved external recognition as
the Best Solution—Distributor in Indonesia through The Asset Triple A Treasury Awards 2024.
PLANS, STRATEGIES, AND POLICIES FOR 2025
The Transaction Banking business plan for 2025 focuses on accelerating Current Account DPK’s growth through the
following initiatives:
1. Use ecosystem-based solutions to acquire operational transactions and Current Account DPK from the customer
base.
2. Commercialization of API services as a strategy to increase usage penetration.
3. Digitalization of customer onboarding and banking transactions, including reengineering and simplifying service
processes to improve customer experience and productivity.
4. Improved collaboration with business units to ensure maximum non-retail customer coverage.
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COMMERCIAL BANKING
Commercial Banking continues to offer comprehensive and low credit risk exposures, making product and
banking and financial solutions for virtually every type service innovations, and optimizing cost management.
of financing, from investment, working capital, and trade Furthermore, Commercial Banking also mapped target
to cash management and treasury. Commercial Banking markets based on industrial sectors and regions with
supports this offering with innovative digital banking potential for development.
capabilities, pleasant customer experience, and an
extensive network both in the country and ASEAN as part This strategy was backed by data analytics in the lead
of the CIMB Group. generation initiative, in which Commercial Banking
used several existing database parameters to explore
STRATEGIES AND POLICIES the names of less active customers and offer banking
The fluctuating global and domestic macroeconomic products and services that give them more added value.
conditions in 2024 posed challenges to the growth of In addition to supporting portfolio diversification, data
the Commercial Banking business. We could use some analytics also helped Commercial Banking monitor
economic indicators such as GDP growth, inflation rate, debtors’ business performance, allowing for sharper and
benchmark interest rate, Rupiah exchange rate, NPL, more accurate risk management decision.
and NIM to measure the impacts of macroeconomic
challenges on banking performance. Commercial Banking also remained consistent in
executing the Bank’s 5-pillar strategy: playing to our
To address these challenges, Commercial Banking strength, expanding the CASA Franchise, discipline in
implemented adaptive strategies and policies, which cost management, preservation of capital and balanced
entailed improving risk management quality, diversifying risk culture, and leverage of information technology.
portfolios in sectors that offered strong growth
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UTILIZATION OF DIGITAL, ARTIFICIAL making it stronger and more stable in the face of business
INTELLIGENCE, AND DATA ANALYTICS challenges, and helping protect the bank from potential
Data analytics have become essential for Commercial losses. This effort is in line with Commercial Banking’s
Banking to improve business performance. By leveraging commitment to providing quality financial services to
data more effectively, Commercial Banking can improve customers.
its decision-making, efficiency, and customer service.
Adding to this positive achievement, Commercial Banking
One concrete example of a data analytics application recorded a 4.62% increase in total loans disbursed, from
is the lead generation initiative, in which Commercial Rp33.0 trillion in 2023 to Rp34.5 trillion in 2024. Working
Banking uses several parameters in the existing database capital loans contributed Rp25.0 trillion to the total loans
to identify customers who could be offered new fund disbursement, an increase of 5.26% from Rp23.8 trillion
placement products. Meanwhile, in the loan portfolio, in 2023. Meanwhile, investment loans successfully
Artificial Intelligence (AI) enables Commercial Banking disbursed in 2024 was Rp9.4 trillion, an increase of 2.96%
to monitor debtors’ business performance, allowing asset from Rp9.2 trillion in the previous year.
quality to be monitored and anticipated earlier.
The total customer deposits for Commercial Banking
2024 PERFORMANCE customers in 2024 was recorded at Rp25.4 trillion, up
After passing through 2024, marked by economic and significantly by 18.51% from Rp21.4 trillion in 2023. Of the
political instability in Indonesia and around the world, total customer deposits, the current account increased
Commercial Banking achieved significant improvements by 21.81% to Rp15.2 trillion from Rp12.5 trillion, but the
in asset quality, as reflected by a reduction in the NPL ratio savings account decreased by 10.13% to Rp0.7 trillion
from 4.1% in 2023 to 3.4% in 2024. The ratio decreased. from Rp0.8 trillion. These achievements contributed to
The decrease in ratio demonstrates Commercial the increase in CASA by 19.82% from Rp13.3 trillion in
Banking’s success in managing credit risk effectively. 2023 to Rp15.9 trillion in 2024. Deposits in Commercial
This certainly strengthens the debtor’s financial position, Banking also increased 16.39% to Rp9.5 trillion from
Rp8.2 trillion in 2023.
CASA Customer Deposits
(in trillion Rupiah) (in trillion Rupiah)
10.2 13.3 15.9 17.9 21.4 25.4
2022 2023 2024 2022 2023 2024
Meanwhile, net interest income in 2024 was recorded at Rp978 billion, an increase of 8.19% from the previous year,
which was recorded at Rp904 billion. Subsequently, other operating income was recorded at Rp553 billion, an increase
of 8.83% compared to the previous year of Rp509 billion. Profit before tax recorded by Commercial Banking increased
by 22.85% and reached Rp1.4 trillion, compared to 2023, which was recorded at Rp1.1 trillion.
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Net Interest Income Other Operating Income Profit Before Tax
(in trillion Rupiah) (in billion Rupiah) (in trillion Rupiah)
1.3 0.9 1.0 298.1 508.5 553.4 0.7 1.1 1.4
2022 2023 2024 2022 2023 2024 2022 2023 2024
LINKAGE COOPERATION SCHEME
Commercial Banking has collaborated under the linkage
scheme since the early 2000s. Throughout 2024, we
executed the linkage scheme with Rural Bank (BPR) and
provided financing to Village Cooperative (KUD) which
operates on a palm oil core-plasma business model. This
linkage scheme supports the involvement of Commercial
Fransiscus Sumampow Banking in broadening financial inclusiveness in line with
Eatwell Culinary (PT Panca Boga Paramita the government’s mission as stated in the Macroprudential
and PT Dapur Solo Mustika Nusantara)
President Director Inclusive Financing Ratio (MIFR).
Since 2013, CIMB Niaga has been doing business The Bank selectively provides financing to BPR by
with us and has made Eatwell Group part of its assessing the prevailing criteria and competitive interest
success journey. As an Indonesian restaurant rates. At the end of 2024, this executing-based linkage
group, we have made the most of the Bank’s various financing to BPRs reached Rp2.8 trillion, an annualized
financial facilities, such as current account loans,
increase of 26.8%. Commercial Banking also supported
investment loans, and other financial services.
BPR operations with digital-based cash management
CIMB Niaga’s contribution to our business couldn’t services.
be more satisfactory: the competitive rates the
Bank sets for corporate customers like us, the Meanwhile, for the core plasma model in oil palm
excellent and timely banking services it offers,
plantations, Commercial Banking collaborated with
and the QR payment solutions that we have used
across our network to accept payments in the most KUD, which were fostered entities of large companies
convenient and flexible way. All that has paved the experienced in the oil palm sector, with the latter acting
way for our strong business growth as we continue as the plasma. The linkage financing portfolio based on
opening more and more new outlets. the core-plasma pattern remained stable at Rp2 trillion
in 2024.
We hope CIMB Niaga can continue its long-
sustained success and bring more innovations as
the Bank moves forward. We look forward to all the
banking programs it has to offer.
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PLANS, STRATEGIES, AND POLICIES FOR
2025
In 2025, Commercial Banking will continue to make
continuous improvements through new, more innovative
initiatives as summarized below:
1. The Bank will implement a loan growth strategy
that focuses on highly competitive sectors such as
Lisa Sundoro Hosea
agriculture, plantations, trade, and manufacturing
Sun Motor Group
while adhering to the principles of prudence and strict Director (Owner)
risk management.
2. Improving credit assessment and provision through Sun Motor Group has been doing business with CIMB
better credit analysis supported by technology and Niaga since 2017. Over the past seven years, CIMB
data analytics, improving oversight, and implementing Niaga has evolved from just being a house bank to
becoming our strategic partner, providing us with
proactive risk mitigation policies to ensure the Bank’s
a comprehensive array of financial solutions that
loan portfolio remains healthy and productive. have truly helped us grow our business. As one of its
3. Expanding Financing Access to Priority Sectors to trustworthy partners, we’ve always used the Bank’s
increase the Macroprudential Inclusive Financing signature services, such as BizChannel, which
Ratio (MIFR) by: make our daily transactions much more efficient.
In addition, the E-Chain and Distributor Financing
• Increasing wider linkage cooperation with BPRs
products CIMB Niaga offers have benefited our
and KUDs through the core plasma pattern of oil entire operations because the products improve
palm plantations. the way we manage our supply chain with more
• Expanding supply chain-based credit for middle- flexibility and make us more efficient.
class debtors who are suppliers or distributors of
CIMB Niaga’s professional service, especially from
large companies.
the Commercial Banking Division team, is top-notch.
We would say the team is consummate and always
responsive to whatever banking needs we have. In
those seven years of doing business together, we
have always felt that CIMB Niaga’s support and
services have significantly impacted the growth
of our units. Its excellent service and relevant
solutions have convinced us to make CIMB Niaga
one of the key partners in our business journey.
As we’ve done business more closely, we have a
growing conviction that CIMB Niaga will further
continue to develop into one of Indonesia’s largest
and strongest private banks capable of delivering
sustainable benefits for its partners.
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EMERGING BUSINESS BANKING (EBB)
CIMB Niaga’s Emerging Business Banking (EBB) So, despite the challenges, the MSME sector continued to
segment offers comprehensive banking products and offer high business growth potential, driven by increased
services for need-based financing purposes and for digitalization, business diversification, and government
managing deposits of selectively identified customers policy support. EBB CIMB Niaga demonstrates its
using a quality selection mechanism. We are delivering commitment to supporting businesses, especially SMEs,
on our commitment to the best customer servicing by, by providing innovative and relevant financial products
e.g., streamlining the loan application process using and services.
digitalization and continuously developing both branch
and non-branch channels. In financing, CIMB Niaga’s EBB focused on strategic
sectors such as trade, manufacturing, and services. The
CIMB Niaga has one of its top priorities placed on the following are some of the strategies this Unit executed
inclusion and empowerment of MSMEs through various within this year:
programs/initiatives that equip them with a reliable set 1. Offered comprehensive financial solutions for EBB
of knowledge and skills. This particular business unit customers, including cross-selling and product
also offers an array of benefits to saving and financing bundling.
products such as products such as Giro Kartini and 2. Expanded potential and broadened cooperation with
Pinjaman Kartini also offers comprehensive benefits to partners through various programs, initiatives, and
female entrepreneurs through products like Giro Kartini other collaborations.
and Kartini Loan. 3. Streamlined the process and provided the best
service by utilizing information and digital technology
STRATEGIES AND POLICIES in the loan/financing and management of customer
Indonesia’s macroeconomic conditions had quite an deposits through various channels, such as OCTO
impact on the EEB’s performance in 2024. However, Clicks, OCTO Mobile, and OctoBiz.
representing 61% of the country’s total GDP, the MSME
remained the supporting structure of the Indonesian
economy.
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4. Increased inclusivity and motivation while expanding
opportunities for existing and prospective
entrepreneurs to promote economic growth in
Indonesia through sustainability-based products,
programs, and services, such as the Bank’s Kejar
Mimpi initiative.
5. The Bank always prioritizes customer satisfaction
while maintaining the principle of prudence with
Ivonne Jonathan
constant improvements in the loan/financing process
PT Sinar Jernih Sarana
and bank services to make EBB CIMB Niaga more Finance Manager
competitive.
In operations since 2009, we’ve been engaged in
In addition to the aforementioned strategies, CIMB Niaga human resources outsourcing services. Our first
offers comprehensive services through 407 branches connection with CIMB Niaga dates back to 2019,
when we started using its payroll service, and have
across Indonesia, each with a competent Relationship
since been doing business with the Bank. We have
Manager (RM). used virtually every one of its products like Current
Accounts, Virtual Accounts, and BizChannel@CIMB.
UTILIZATION OF DIGITAL, ARTIFICIAL Let me give a special mention to BizChannel, the
INTELLIGENCE, AND DATA ANALYTICS Bank’s contact center, that we can call every time
we have issues to get them immediately resolved.
Digitalization enhances the MSME segment’s access to
banking products and services. CIMB Niaga continues That’s all because of BizChannel’s excellent service
to provide easy transactions and financial management and facilitating features that make everything
using platforms such as OCTO Clicks and OCTO Mobile for about banking incredibly easy. The time elapsed
individual customers and BizChannel for non-individual for virtual accounts at other banks can be H+1 while
at CIMB Niaga, Real-time, allowing us to use funds
customers.
right away. Our further hope is the Bank can offer
a higher rate on our current accounts than other
The EEB of CIMB Niaga uses a data-driven approach banks.
and ongoing market analysis to identify business
opportunities that offers the highest growth potential. We
never stop exploring innovations based on digital/AI/data Total Loans
(in trillion Rupiah)
analytics to remain competitive, meet customer needs,
and keep growing the business. 22.8 24.9 27.2
2024 PERFORMANCE
In 2024, total EBB segment financing was recorded at
Rp27.2 trillion, an increase of 9.10% from Rp24.9 trillion in
2023. Total customer deposits in the EBB segment were
recorded at Rp43.2 trillion, an increase of 17.84% from
Rp36.7 trillion in the previous year. This achievement was
supported by an 18.65% increase in CASA from Rp24.0 2022 2023 2024
trillion in 2023 to Rp28.4 trillion by 2024.
AWARD
The EEB of CIMB Niaga’s commitment and performance
in providing the best service to customers have been
recognized and awarded at international events as Best
SME Bank in Indonesia by World Economic Magazine and
Global Business Finance.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
2025 PLANS, STRATEGIES, AND POLICIES
CIMB Niaga expects another year of strong loan growth in
2025. The main strategy entails expanding the financing
portfolio through collaboration with the digital ecosystem
and providing competitive products and services that
make things easier for customers.
In addition, we will continue to work on streamline the
dr Grace Prasada Judio
credit process, which is supported by digitalization from
PT Shape Up Indonesia (Light House)
CEO application to loan approval. We will also continuing
to work on various initiatives to improve the customer
We have been doing business with CIMB Niaga experience. That should include optimizing the use of
since 2018. At this point, the products we use credit scoring and maximizing the use of OCR in the
for our business are Current Account Loans and credit approval process.
Special Transaction Financing (MMQ).
The services we receive couldn’t be more
satisfactory. They are always quick to respond
whenever we have problems or inquiries. CIMB
Niaga also helps with our company’s financial
affairs, allowing our company to grow and expand.
We’d love to see CIMB’s further progress as it
matures into a bank that offers banking solutions
for every company like ours.
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CONSUMER BANKING
The Consumer Banking segment offers a comprehensive adequately managing the cost of funds and optimizing
array of banking products based on customer life stages non-interest income.
to retain its position as the community’s preferred choice.
The segment continues to collaborate with key partners to Among the deterring factors of loan growth in 2024 were
deliver even more. In 2024, the segment made continuous rising inflation and people’s weaker purchasing power,
innovations to stay on the path it’s on. prompting Consumer Banking to continue to innovate and
develop products and programs to ensure sound business
STRATEGIES AND POLICIES growth and positive contributions to the Bank. One of the
General elections, rising geopolitical tensions, and strategy outputs was a noticeable increase of 7% in the
expected rate cuts changed the course of the economy Credit Card business and a significant increase of 46% in
in 2024, creating not only profound challenges but revenue compared to the previous year. In addition, digital
also enormous opportunities. As domestic inflation development and strategic collaboration with strategic
grew milder, the nation’s economy expanded by 5.03%, partners contributed to a 20% growth in the personal
resulting in macroeconomic sustainability as one of the loan business.
driving factors of the Consumer Banking segment.
PRIVATE BANKING
To meet the challenges of 2024, Consumer Banking CIMB Niaga Private Banking Services always offers
continued to implement focus, strategies, and policies Wealth Management services for its customers, which
that could respond to business developments and provide involves meeting the various needs of customers with a
the best banking services for customers. Consumer vast regional network in Singapore, Malaysia, and Thailand
Banking also remained focused on growing funding and (cross-border referral). CIMB Niaga offers this service to
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help its customers grow and protect their wealth while Net interest income was Rp68.0 billion, an increase of
meeting their long-term investment objectives. 73.10% from Rp39.2 billion in the previous year, while
profit before tax was Rp123.5 billion, an increase of
CIMB Niaga’s Private Banking also offers a diverse range of 31.24% from Rp94.1 billion in the previous year.
products, including private bank accounts, time deposits,
fixed-income products, foreign currencies, mutual funds, Profit Before Tax (Private Banking)
(in billion Rupiah)
structured products, treasury products, protection for
individuals, families, and businesses, as well as advice on 78.4 94.1 123.5
how to pass it down to future generations. Furthermore,
Private Banking offers comprehensive solutions that
meet personal and business needs through a single point
of contact for all customers.
In 2024, Private Banking CIMB Niaga implemented the
following focuses, strategies, and policies:
1. Continuing the Bank’s primary focus to offer the 2022 2023 2024
best investment advisory services to customers by
selecting the best investment products on the market
according to customer profiles. CONSUMER BANKING SEGMENT
2. Increasing penetration of wealth financing to improve OPERATIONAL PERFORMANCE
customer portfolio performance and net interest
income. MORTGAGE LOANS
3. Strengthening customer relationships by providing CIMB Niaga offers several advantages with its mortgage
solutions for wealth transfers and estate planning (KPR) product, including:
for personal and business in collaboration with third 1. XTRA Benefit products, which allow customers to
parties. connect with mortgage facilities with savings so
4. Fully leveraging the CIMB Group Platform to provide that the rewards from these savings result in lower
financial solutions needed by customers. installments or shorter loan periods.
2. The Mortgage Online Form provides a digital
In terms of performance achievements, placements submission channel for customers to apply for facilities
in customer bond and mutual fund portfolios were using mobile phones or internet-connected devices.
consistent with the improved performance in domestic 3. OCTO Friends is a referral application that allows
bonds and stock markets. Customer deposits were members to refer friends, relatives, and family for
recorded at Rp6.2 trillion, an increase of 11.79% from mortgage facilities.
Rp5.5 trillion in the previous year. 4. CIMB Niaga’s mortgage One House One Tree program
demonstrates its commitment to sustainable financing.
Furthermore, CIMB Niaga Private Banking also reported Through this program, CIMB Niaga collaborates
an operating income of Rp156.4 billion, an increase of with KEHATI to plant one tree for every successfully
27.27% from Rp122.9 billion in the previous year. Fee- submitted mortgage application.
based income from the placement of wealth management
products contributed to 56.56% of the total operating
income of Private Banking.
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CIMB Niaga’s mortgage portfolio decreased by Rp41.8
trillion in 2024, or 2.13% decline from the previous
year’s figure to various external and internal challenges.
Throughout 2024, CIMB Niaga implemented various
strategies for the mortgage segment, with a priority
placed on how the Bank could funnel sustainable and
profitable loans. CIMB Niaga also focused on accelerating
collaboration with developers and real estate agents to
H. Andi Idris Manggabarani
primary and secondary property markets.
IMB Group
Owner of IMB Group
Furthermore, the Bank continued to optimize digital
acquisitions through system development and Since 1992, I have been doing business with CIMB
collaboration with digital partners. CIMB Niaga also Niaga. As our primary bank, CIMB Niaga has
offers products with varied payment schemes according provided my company with exceptional financial
management support and comprehensive banking
to customer needs with competitive interest rates.
solution tailored to our needs. All the product
Furthermore, the Bank streamlined the mortgage and services they provide really fit to our needs,
application process by implementing instant approval such as OCTO Mobile, Xtra Savers, and Merchant
and digital signing programs to improve the customer Savings at our hotel, as well as financing products
experience. for consumers of my property company, have been
invaluable. In particular, OCTO Mobile has become
an essential tool, allowing us to manage our banking
As we executed the year’s strategies, we faced some transaction seamlessly and independently.
significant obstacles, including the high-BI rate
benchmark interest rate that contributed to an increase Throughout my journey as a customer, CIMB
in the Bank’s Cost of Funds and impacted the Bank’s Niaga consistently delivered outstanding sevices
that exceeds my expectation. I have chosen CIMB
pricing structure to the customers. Another obstacle
Niaga over numerous competitors, regardless
was a declining trend in residential property sales due to of the services they offer, because of the bank’s
various internal and external factors. commitment to excellence. Whether conducting
transactions across the country or even while
We responded to these obstacles by keeping our pricing traveling abroad, I have always received top-tier
service. As a loyal customer for 32 years, I look
competitive but with due consideration of profitability.
forward to experiencing even more innovative
Further, we also offered more added value, such as services from CIMB Niaga in the future.
faster processes or attractive programs to make our
mortgage more appealing to customers.
In the future, the Bank will remain committed and strive 5. Increasing market share in secondary cities with
to expand its mortgage business portfolio. The Bank will mortgage potential by partnering with local champion
implement the following initiatives in 2025: developers and property agents.
1. Providing attractive products features and programs
that have competitive interest rate. One of them is to AUTO LOANS
continue the XTRA Manfaat promotion, which offers CIMB Niaga has many strengths in the Auto Loans (KPM)
interest payment reductions or loan tenor acceleration business through the Indirect Auto product, which offers
for customers. Conventional and Sharia Joint Financing under different
2. Encouraging collaboration with developers and schemes, including financing facilities for two- and four-
property agents (including digital PA) to disburse wheeled vehicles. The Bank runs this segment on an
conventional mortgages through programs, events, advanced system that supports short SLAs even when
and other initiatives. dealing with large transactions. Furthermore, CIMB Niaga
3. Improving customer service and sales optimization has a competent end-to-end process in place, including
through digital channels such as Online Form & features for end-user collectability status reconciliation
OCTO Friends to utilizing existing technological to reduce the problem of unmatched status.
developments.
4. Improving service and penetration for existing Considering the steadily high need for joint financing
customers through cross-selling or bundling with facilities in multifinance to maintain gearing ratios and
other products. asset balancing, some of the laid focuses of Indirect Auto
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In 2024, CIMB Niaga’s Auto Loan portfolio increased by
26.01% to Rp17.1 trillion from Rp13.6 trillion the previous
year (including subsidiaries), while the sharia scheme
was recorded at Rp2.2 trillion, a decrease of 5.07% from
Rp2.4 trillion the previous year. Meanwhile, CIMB Niaga’s
non-performing auto loan ratio has increased to 1.09%
from 1.03%.
Achmad Nurul Fajri
In 2025, Indirect Auto will focus on the following:
Director of ANF Makmur Investama
1. The Cherry Pick portfolio will focus on maintaining
portfolio quality and monitoring debtors based on
For more than four years, I have been doing business historical credit performance.
with CIMB Niaga. During this time, my relationship 2. Identifying potential partners who align with the
with the bank has grown in a way that significantly Bank’s risk appetite.
supports my financial and investment needs.
3. Expanding loan distribution to capitalize on market
I chose CIMB Niaga for several reasons, including growth.
its strong reputation, flexibility, and comprehensive 4. The Bank aims to support its sustainable financing
business solutions. Additionally, the bank’s strategy by expanding electric vehicle financing
advanced technology, ease of access, and extensive programs and collaborating with multifinance
network have made managing my finances more
institutions.
convenient. I utilize a range of CIMB Niaga’s
products and services, including both personal and
business accounts. CREDIT CARDS AND DEBIT CARDS
CIMB Niaga offers credit and debit cards to provide
To support my business expansion, I frequently take convenience, comfort, and security for transactions
advantage of CIMB Niaga’s business loan products,
anywhere and anytime. Both CIMB Niaga cards are still in
along with other financial solutions that help
optimize my operations. high demand among Indonesia’s rapidly growing middle
class since they help customers with their businesses
I am highly satisfied with the services CIMB and other activities.
Niaga provides. Its responsive, professional, and
personalized approach has left a lasting positive
CIMB Niaga manages and develops credit cards in the
impression. Looking ahead, I hope CIMB Niaga will
continue to drive innovation in digital banking and Classic, Gold, Syariah Gold, Syariah Platinum, Preferred
enhance security systems to safeguard customer Infinite, Syariah Preferred Infinite, Platinum, Precious,
data and transactions. Moreover, I look forward to Ultimate, Infinite, World, and Corporate categories to
CIMB Niaga contributing to the broader business meet the needs and preferences of a diverse customer
ecosystem by fostering sustainable partnerships
base. In 2024, the credit card industry focused on
across various industries and creating new
opportunities for businesses. increasing transactions through programs at domestic
and international merchants, focusing on tourism (hotels,
airlines), groceries, culinary, gadgets and electronics, and
e-commerce.
strategies in 2024 involved maintaining portfolio quality
through history monitoring, which impacted loan criteria Consumer Banking continues to optimize the increase
limitations. The Bank also used risk-based pricing and in credit card transactions for existing customers
selectively added partners to broaden its target market. with various reward and loyalty programs to increase
customer engagement with the Bank. This includes
This strategy has been implemented to support business digital development through digital banking to provide
growth while maintaining loan quality, which benefits the credit card customers with convenience when applying
Bank’s assets and profitability. for limit increases and submitting credit card cash
facilities. Furthermore, to raise awareness of credit card
One of the most significant challenges in Indirect Auto usage, CIMB hosts the Cathay Pacific Travel Fair (CXTF)
is the emergence of new competitors in the form of regularly and offers customers a special cashback reward
Digital Banks, which offer lower interest rates. The Bank program.
has undertaken several actions to remain competitive in
the industry, which involve improving customer service
quality, expanding product offerings, and analyzing and
meeting various market needs.
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The main focus of the acquisition strategy is to obtain new
credit card customers, either through cross-selling offers
to Bank customers or offers to potential new customers.
The plan primarily targets the mass and mass affluent
segments while maintaining the number of affluent credit
card holders, most of whom are acquired through branch
offices.
Ronald Liong
The credit card business has continued to grow positively,
PT Priskila Prima Makmur dan
with the number of CIMB Niaga credit card holders in 2024 Tanamera coffee
increasing by 5.65% to 2.95 million from the previous Commissioner
2.79 million cards. The total credit card sales volume
CIMB Niaga has been our family’s bank for more
reached Rp78.1 trillion, an increase of 84.83% from
than three decades. Throughout this time, it has
the last year of Rp42.3 trillion. Regarding profitability, consistently provided a comprehensive range
the credit card business remains one of the leading of services and benefits tailored to our evolving
businesses by contributing credit distribution of Rp9.8 needs while maintaining a high standard of banking
trillion until December 2024, an increase of 6.64% from service quality.
2023 of Rp9.2 trillion. The contribution of the credit card
OCTO Mobile enables me to bank securely from
business to total Consumer Banking credit is becoming anywhere. The app is highly versatile, allowing
increasingly significant. The non-performing loan ratio me to make QR payments both in Indonesia and
remained at 3.07%, compared to last year, which was abroad, invest, top up toll card balances, withdraw
1.74%. cash without a debit card, apply for telegraphic
transfers, and more. Additionally, OCTO Clicks
and BizChannel offer features that simplify and
CIMB Niaga offers several benefits for debit card users, enhance my banking transactions.
such as easy access to ATMs and payment channels for
both domestic and abroad, secure online transactions My family and I greatly appreciate CIMB Niaga’s
using 3D Secure, and convenient features like contactless commitment to delivering excellent customer
service. We are thankful for the bank’s continuous
payments and affinity debit cards, which have become a
support in various situations. Moving forward, I
major attraction for customers. In 2024, active CIMB Niaga hope CIMB Niaga will continue to innovate and
debit cards reached 2.4 million. The total transaction introduce services and solutions that contribute to
value using CIMB Niaga debit cards reached Rp59.0 Indonesia’s economic growth.
trillion, mainly supported by international transactions,
which reached Rp900 billion or increased by 24% from
previous year. The Wealth Management product marketing strategy is
being implemented in a more diverse manner, while the
WEALTH MANAGEMENT AND BANCASSURANCE Wealth Management cross-selling/bundling program is
CIMB Niaga offers Wealth Management and continuing and supporting the Wealth XPO 2024 in four
Bancassurance services and products through 11 major cities in Indonesia: Jakarta, Makassar, Surabaya,
investment managers, 1 securities company, 17 loss and Medan.
insurance partners, and 8 life insurance partners,
which have been strictly selected and supported by a In 2024, CIMB Niaga delivered Rp36 billion in revenue
reliable Treasury Unit. Through Wealth Management from mutual funds. In addition, other investment products
& Bancassurance, CIMB Niaga helps customers plan, such as Market Linked Deposits and Bonds also gave a
develop, and protect their future assets, resulting in boost to this 2024 achievement with a revenue of Rp547
better financial conditions. billion. Overall, Wealth Management & Bancassurance
products experienced a 2% growth in Asset Under
In Wealth Management, CIMB Niaga offers a variety of Management (AUM) to Rp81.6 trillion from previously
products, including treasury products such as Foreign Rp69.9 trillion.
Exchange, Strike Currency, Market-linked Deposits,
Swap Depo and Bonds; mutual fund products; and
insurance. CIMB Niaga also generates fee income from
bancassurance products, obtained through selling loss
and life insurance products in collaboration with company
partners.
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CIMB Niaga continues to provide loan facilities to
customers with a good track record, ensuring that loan
quality remains good amidst economic downturns. To
improve Personal Loan performance, Consumer Banking
continues its cross-selling initiative and pairs it with loan
disbursement strategy execution, including offers made
through branch offices and companies of which the Bank
manages the employee payrolls.
Junus Autama
PT Bina Mitra Utama
Owner In 2024, the Personal Loan business increased by 19.61%
to Rp5.7 trillion, from Rp4.8 trillion in the previous year.
Since 2023, we have enjoyed a strong and positive The increase was mainly due to the rise in the volume of
business relationship with CIMB Niaga. We chose new loans, which is consistent with satisfactory economic
CIMB Niaga not only because it is one of the largest growth. The personal financing business is profitable,
private banks in Indonesia but also because it is
with RAROC reaching 20.5%. Meanwhile, the gross non-
part of the CIMB Group, the fifth-largest universal
banking group in ASEAN. These factors give us performing loan ratio for the Personal Loan segment is at
confidence in CIMB Niaga’s stability and ability to 2.3% from the previous level of 1.7%.
meet our financial needs.
SAVING PRODUCTS
CIMB Niaga offers a diverse range of products
Consumer Banking is the Bank’s liquidity provider. As
and services that compete favorably with those of
other banks. Additionally, its reliable Relationship a result, CIMB Niaga is constantly working to increase
Managers have a deep understanding of which low-cost funding by acquiring new customers, improving
products best suit our customers’ needs. the features of its savings products, and promoting the
opening of digital banking accounts while offering other
Throughout our relationship with CIMB Niaga, We
services. Consumer Banking provides a range of superior
hope the bank will continue to provide excellent
services to its loyal customers while further savings products for retail customers, supported by the
strengthening its position as a leading financial Dual Banking Product (Conventional and Sharia) concept,
institution. to meet their needs for daily transactions.
Looking ahead, we also hope that CIMB Niaga will
The Bank provides a facility of up to 60 free banking
continue to grow and evolve into a trusted business
partner that fully supports our financial and transactions in a month through OCTO Savers. It also
operational needs. offers XTRA Savers for customers with larger total funds,
who will receive XTRA Benefits such as XTRA interest
and XTRA convenience when conducting transactions
PERSONAL LOAN overseas without an exchange rate. The Bank also offers
Consumer Banking in the Personal Loan product business GOAL Savers to help customers with their various life
is continuously developing its acquisition model through purposes, including education, vacation, a new gadget,
an Indirect Channel Partnership with Fintech Partners. In Umrah, and Hajj.
2024, the Personal Loan business focused on developing
3 (three) fundamental aspects: product development that CIMB Niaga has adjusted its interest rates to be more
meets customers’ needs, digital channel development competitive and offers attractive programs for savings in
that provides convenience for customers, and business Rupiah and foreign currencies. This is done to maintain
model partnerships through Partnership Lending (Indirect and maximize opportunities to increase portfolio funds
Channel). from its existing, rate-sensitive customers. Offering other
products also utilizes existing savings customers.
The development of Personal Loan products includes
OCTO Loan, a standby loan product intended for payroll In 2024, Consumer Banking recorded a Loan-to-Deposit
and merchant business customers; Gold Xtra Personal Ratio (LDR) of 64.83%, increasing from previous year
Financing iB; Edu Xtra, which offers educational solutions; at 61.53%. The CASA ratio reached 64.44%, increasing
and Umrah & Special Hajj Financing for special Umrah from the prior year at 62.79%.
and Hajj pilgrimage needs. Customer acquisition through
digital channels (OCTO Mobile) also helps to strengthen
the sales process, ensuring that all CIMB Niaga customers
have access to Personal Loan products.
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PERSONAL CREDIT LINE In addition to the convenience above, OCTO Mobile
Personal credit lines are secured products that use introduced a variety of transaction and payment
deposits and bonds as collateral. They enable customers facilities, including electronic money top-ups, an
to borrow for various individual needs without breaking expanded selection of available lifestyle vouchers, Scan
their time deposits and selling their investment. QRIS transactions without logging in, and a Chatbot.
Depending on their needs, customers can select Rupiah Furthermore, in 2024, the digital investment promotion
or foreign currencies. The Personal Credit Line business #GetWealthSoon was launched as part of sustainable
registered a decline of Rp250 billion in performance from efforts to increase loyalty and stickiness while educating
Rp1.5 trillion to Rp1.25 trillion. customers on early investing.
The Bank still works to optimize its cross-selling for This initiative emphasized the ease of investing through
existing customers to utilize cash and securities collateral OCTO Mobile and OCTO Clicks at any time and from any
through the Personal Credit Line (PCL) product, which location, beginning with the creation of a Single Investor
is available in both Rupiah and USD. The optimization is Identification (SID), the purchase of affordable mutual
supported by developing digital sales channels that make funds (starting at Rp10,000), and access to a variety of
it easier for customers to access PCL products. other investment products such as SBN Retail, secondary
bonds, and the ease of transacting using a debit card with
ASSET QUALITY FX account funding sources.
In the Gross NPL (Non-Performing Loan) ratio, Consumer
Banking increased slightly to 2.3% from 1.7% in the OCTO Clicks also introduced and promoted the gold
previous year. Consumer Banking carries out various buying and selling feature, answering many customer
sustainable efforts and strategies to maintain loan quality. requests. In addition, Consumer Banking continued to
facilitate customer transactions by authorizing OCTO
Consumer Banking regularly sends notifications and Clicks transactions through OCTO Mobile.
reminders to customers before they reach maturity,
and offers regular restructuring programs for eligible One of the innovations of digital technology-based
customers or those whose income is declining. Consumer products in Consumer Banking was the launch of a digital
Banking also uses collection tools like Mobile Collection, debit card that can be accessed via OCTO Mobile or
SMS, 2-Way WhatsApp, Voice Blast, and AI Robot OCTO Clicks, allowing customers to make transactions at
Collection to increase customer reminders and enhance e-commerce merchants without having to use a physical
customer relationships. Furthermore, auction processes debit card.
are accelerated by publishing assets on PT Bank CIMB
Niaga, Tbk’s Auction Website. Moreover, artificial intelligence (AI) and Data Analytics
have also been applied across Consumer Banking
DIGITAL-BASED INNOVATION AND products. AI uses a machine learning approach to boost
APPLICATION OF ARTIFICIAL INTELLIGENCE sales of investment products with a range of more
AND DATA ANALYSIS personalized product offerings such as bonds, mutual
Several digital technology-based innovations are being funds, Market-Linked Deposits (MLD), and bancassurance.
implemented consistently, particularly through the
digital channels OCTO Mobile (mobile banking) and OCTO Octo Mobile and Octo Clicks also use AI to boost digital
Clicks (internet banking). In 2024, OCTO Mobile launched product transactions, like bill payments and e-wallet/
several new features, starting with the opening of the PLN top-ups. Furthermore, AI is used to help prevent
first payroll account (employee salary payment account), and mitigate fraud and provide the best-personalized
a foreign currency account in Korean Won and Malaysian merchant offers that suit customer preferences.
Ringgit, a term savings account (Goal Savers) in foreign
currency, loan submission and topping up, and easy In the Credit Card and Personal Loan business, AI and
customer access to detailed insurance products through data analytics are mainly utilized to determine the
digital channels. segmentation and eligibility of potential customers for
marketing programs, and increase the utilization of
existing customers. AI, data analytics, and digital have
also been implemented in the mortgage and auto loan
segments to improve operational efficiency, understand
customer profile risks, and provide a more personalized
experience. Some of the initiatives that have been
implemented include:
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1. Analyzing customer characteristics and historical CIMB Niaga is developing the Digital Banking services
data to provide personalized offers. concept, emphasizing the importance of more practical
2. Utilizing digital channels for loan submissions, such and efficient digital technology in banking transactions,
as the KPR XTRA Online Form, allows customers to including those in the Consumer Banking business.
submit applications online using mobile phones or Digital Banking services that make it easier for customers
internet-connected devices. include services through the OCTO Clicks channel, OCTO
3. Providing special program offers to existing Mobile, Phone Banking 14041, Preferred Phone Banking,
customers by profiling them with the Bank (ETB). OCTOpay, and ATM services.
Furthermore, data analytics have been utilized to analyze CIMB Niaga consistently promotes the concept of
the performance of digital campaigns and improve click- Digital Banking, as reflected by the growing number of
through rates and conversion rates. transactions for this service. CIMB Niaga’s innovative
steps are also reflected in the CIMB Niaga Digital Lounge,
MERCHANT BUSINESS which combines advanced technology to provide a fast
CIMB Niaga offers OCTO Merchant, designed for micro- banking experience for retail customers. CIMB Niaga
to medium-sized enterprises. OCTO Merchant simplifies developed the Digital Lounge service to support the
merchant owners’ QRIS transactions by generating a Digital Development Strategy for Consumer Banking.
QRIS code directly from the merchant’s cellular phone. CIMB Niaga manages the Digital Lounge through the
Furthermore, OCTO Merchant allows merchant owners to Digital Banking Manager, which offers solutions to
receive QRIS payments on the same day, view transaction individual banking customers. By 2024, CIMB Niaga had
notifications directly, and access monthly transaction managed 38 Digital Lounges.
reports.
QUALITY OF SERVICE AND MANAGEMENT
OCTO Merchant includes a Self-Service Online Onboarding OF CUSTOMER COMPLAINTS
feature to help distribute the ease of submitting OCTO To provide the highest quality banking services, CIMB
Merchant applications. Individual merchants can use Niaga has implemented a customer-centric culture in
this feature to apply to become CIMB Niaga merchants which the customer is the top priority for all employees
and receive the OCTO Merchant application in less than in all Bank activities.
an hour. They can also open a CIMB Niaga account if
the merchant does not already have one. With the Self- As a result, when CIMB Niaga adds a feature to the digital
Service feature, the OCTO Merchant application becomes channel or develops a product, it will always prioritize
the first application in Indonesia owned by a general bank customer needs. The Bank’s top priority is to transform
to register as a merchant while opening a bank account in into a customer-centric organization to improve service
one process in the same application. quality and present customer experiences in banking
services with a humanistic touch.
Since its launch last year, the number of OCTO Merchant
application users has steadily increased monthly, CIMB Niaga manages the customer experience by
reaching 133.6 thousand with a transaction volume value speeding up service processes, making banking activities
of Rp154.5 billion by December 2024. more convenient for customers, and improving the
comfort and security of transactions across all available
BRANCH OFFICE NETWORK AND channels. CIMB Niaga also provides several service
DEVELOPMENT OF DIGITAL BANKING channels, such as branch offices, Digital Lounges, a 24/7
CIMB Niaga is continuing optimizing the branch office Contact Center, a Website, email 14041@cimbniaga.co.id,
network by ensuring an adequate branch network Live Chat, and social media accounts like Facebook, X,
and transferring banking transactions to electronic TikTok, and Instagram.
distribution channels (Digital Banking). By the end of
2024, CIMB Niaga had 407 networks and branch offices Consumer Banking is prepared to respond to customer
(including Sharia branches, Digital Lounges, Mobile Cash, needs through various channels, such as inquiries or
and Kiosks) in Indonesia, with 2,282 units ATM, 6 units complaints about an issue. Furthermore, Consumer
MDM, and 977 units CRM. Banking has a rigorous escalation system and service
level, ensuring the SLA handles customer questions or
complaints.
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Consumer Banking regularly organizes customer 2024 PERFORMANCE
experience training for its employees to improve service
quality continuously. CIMB Niaga is also constantly CONSUMER BANKING LOANS
innovating and listening to customer feedback, as well as Consumer Banking recorded a consolidated loan
conducting Net Promoter Score (NPS) surveys to evaluate disbursement in 2024 amounting to Rp75.8 trillion, an
the quality of its services. increase of 5.44%, or Rp3.9 trillion, from Rp71.8 trillion
in 2023. This increase was mainly due to the rise in auto
In 2024, the NPS score for the Consumer Banking loans of 26.01%, or Rp3.5 trillion, from Rp13.6 trillion
segment of CIMB Niaga was 50%, an increase compared to Rp17.1 trillion. The mortgage business amounting
to the NPS score achievement in 2023, which was 46%. to Rp41.8 trilion decreased 2.13%, or Rp911.5 trillion,
from Rp42.7 trillion in the previous year. Credit cards
Year NPS Score and personal loans recorded an increase of 6.64% and
2020 24% 19.57%, respectively.
2021 28%
Total Consumer Banking Loans
2022 36%
(in trillion Rupiah)
2023 46%
2024 50% 67.2 71.8 75.8
CIMB Niaga’s preferred segment NPS results were good,
and they maintained the quality of service provided to
customers with detailed information as follows:
Year NPS Score
2020 16%
2022 2023 2024
2021 34%
2022 34%
2023 55%
2024 59%
CIMB Niaga is committed to responding to customer
feedback to improve service quality, including complaints,
by completing several improvement initiatives promptly
and with appropriate resolution. In 2024, CIMB Niaga
settled 99.2% of customer complaints on time.
(in million Rupiah)
Growth (%)
Consumer Banking Loans 2024 2023 2022
2023-2024 2022-2023
Mortgage 41,828 42,739 41,785 (2.13) 2.28
Auto Loans 17,144 13,605 11,759 26.01 15.70
Personal Loans 5,694 4,762 3,385 19.57 40.67
Credit Card 9,825 9,213 9,009 6.64 2.26
Multipurpose Loans and Others 1,264 1,526 1,255 (17.13) 21.64
Total 75,754 71,846 67,194 5.44 6.92
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CUSTOMER DEPOSITS PLAN, STRATEGY, AND FOCUS IN 2025
In 2024, total customer deposits in Consumer Banking In the future, Consumer Banking will implement the 2025
increased by 0.08%, or Rp0.09 billion, to Rp116.9 trillion, plan and strategy that focuses on each product, including
an increase from Rp116.8 trillion in 2023. This increase Credit Card Products, Merchant Products, Personal Loan
was driven by an increase in current accounts of 12.27%, Products, and Deposit Products as follows:
or Rp121.5 billion, to Rp1.1 trillion, and savings of 2.57%, or
Rp1.9 trillion, to Rp74.2 trillion, an increase from Rp72.3 CREDIT CARD PRODUCTS
trillion in the previous year. The CASA ratio for Consumer To provide customers with a choice of credit card products
Banking in 2024 increased to 64.44% from 62.79% in with different features and benefits, the Bank plans to
2023. issue a Co-Brand Credit Card through a collaboration with
Cathay Pacific Airlines to target the affluent and mass-
Customer Deposits affluent segments. In addition, the Bank will collaborate
(in trillion Rupiah)
with a subsidiary of CIMB Niaga Auto Finance (CNAF)
105.3 116.8 116.9 by issuing an affinity card that provides convenience
and additional benefits for CNAF debtors. The Bank also
supports the government’s initiative by planning to issue
the Indonesian Credit Card (KKI). Customers will also have
the opportunity to earn more Xtra points by transacting
at merchant categories of their choice, and these Xtra
points can be exchanged through digital channels with a
more attractive schemes.
2022 2023 2024
As part of its ongoing digital development to provide
greater convenience for customers, in 2025, the Bank
CONSUMER BANKING REVENUE will introduce a mechanism for credit card applications,
Consumer Banking recorded Rp6.1 trillion in net interest available to both new and existing customers, through
income. In 2024, there was a 10.21% increase from Rp5.6 digital banking platforms (OCTO Mobile and OCTO
trillion in 2023, while profit before tax was recorded at Clicks). The target market for affluent customers will
Rp5.3 trillion, a rise of 7.45% from the previous year, also be expanded by optimizing the potential of branch
which was Rp4.9 trillion. customers, part in cities outside Java.
Profit Before Tax The Bank will also enhance its service features by offering
(in trillion Rupiah)
the option of converting bills into installments that can be
3.2 4.9 5.3 submitted digitally via OCTO Mobile. Various attractive
discount and cashback programs at hotel merchants,
airlines, supermarkets, restaurants, gadget equipment,
and e-commerce will also be available based on customer
needs.
2022 2023 2024
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MERCHANT PRODUCTS DEPOSIT PRODUCTS
In line with the growing popularity of non-cash In 2025, Consumer Banking will continue to focus
transactions, the Bank will continue to expand the number on increasing low-cost funds through savings by
of merchants who accept non-cash transactions via QRIS implementing the following:
transactions and GPN debit. The strategy for accepting 1. Increase the number of new qualified customers
QRIS transactions includes using EDC machines, stickers, by targeting the employee segment, especially in
OCTO Merchant applications, and the SNAP API. 5 major cities (Jabodetabek, Bandung, Surabaya,
Makassar, and Medan). Prioritize the online account
In 2025, the Bank will also follow Bank Indonesia’s opening process with OCTO Mobile, which is simple,
roadmap for accepting payments via QRIS Tap, which is quick, and accessible from anywhere.
set to launch in Q1 2025. The ease of receiving payments 2. Continue to strive to increase transactions from
using QRIS Tap is the availability of a payment application savings customers using debit cards, QRIS, or other
on Android by tapping like transactions that occur transactions through OCTO Mobile or OCTO Clicks
through the contactless transaction process. by always improving or releasing new features such
as Digital Debit Cards that can be accessed through
Furthermore, the Bank will develop features that provides OCTO Mobile/OCTO Clicks and providing attractive
convenience for OCTO Merchant users to obtain consumer promotional programs.
financing, where applications are made through the OCTO 3. Stay focused on cross-selling and increasing
Merchant application independently, and the financing ownership of Consumer products per customer
provision is analyzed using customer transaction data in terms of savings, Credit Cards, mortgages,
from the customer’s own QRIS OCTO Merchant. Bancassurance, and Wealth Management. For
instance, opening a credit card and savings through
PERSONAL LOAN PRODUCTS OCTO Mobile, which can be used by customers since
In 2025, the Personal Loan business will focus on December 2024.
continuing and optimizing growth through three main
strategies: product development that focuses on
customer needs, development of digital channels that
provide convenience to customers, and development
of business model partnerships through Partnership
Lending (Indirect Channel).
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SHARIA BANKING
With the Indonesian economy remaining stable despite STRATEGIES AND POLICIES
the global economic slowdown, CIMB Niaga’s Sharia Despite Indonesia’s economic recovery and stability
Business Unit (SBU) has shown sustainable strong since the pandemic, the global economy remained
performance. This was reflected in CIMB Niaga’s SBU weak. In addition, the transition of leadership following
position in the Sharia banking industry, which remained the General and Regional Elections in Indonesia has
first-ranked in the categories of assets, financing, Third prompted UUS CIMB Niaga to be more cautious in
Party Fund, and PBT in 2024. Compared to all Sharia Bank disbursing financing and selecting new debtors. Several
and SBUs in the Sharia banking industry, CIMB Niaga’s product and project initiatives are still in the approval and
SBU was ranked second for Assets, Financing, customer discussion stages with the Otoritas Jasa Keuangan (OJK)
deposit, and Profit Before Tax (PBT) through the third and other institutions.
quarter of 2024.
During 2024, competition for customer deposit in the
CIMB Niaga’s SBU continues to innovate and strengthen Islamic banking industry was getting more complex,
its position as the most comprehensive and universal particularly with the increase in the BI interest rate in April
provider of Sharia banking services to maintain a 2024. This increased competition in the Islamic banking
competitive advantage over other industry players. industry because it could offer a higher equivalent rate for
CIMB Niaga’s SBU has a significant presence and can customer deposit placements, limiting opportunities to
provide more comprehensive Sharia banking services. obtain funds from the government and other institutions.
Several CIMB Niaga SBU’s most popular products are However, this has improved in parallel with the decrease
pioneers in the Sharia banking sector. The parent bank’s in the BI interest rate in December 2024, and it remained
infrastructure supports CIMB Niaga’s SBU as a leading at 6.00% until the end of the year.
and comprehensive digital banking service provider. It
allows it to reach and serve all customer segments and a
larger market than its competitors in the Islamic banking
industry.
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Overall, the Islamic banking segment in Indonesia was UTILIZATION OF ARTIFICIAL INTELLIGENCE
showing a positive trend, with growth in assets, financing TECHNOLOGY
disbursed, and third-party funds continuing to increase. In recent years, Artificial Intelligence (AI) in Indonesia
As of September 2024, total assets amounted to Rp919.8 as a whole has grown significantly. AI has the potential
trillion or grew by 10.6%. This was consistent with the to change the world in a variety of ways, including the
community’s growing awareness of and need for Sharia- banking industry. AI can improve operational efficiency
compliant products and services. Furthermore, Sharia and customer experience in digital banking services. By
products and services add value to the community, gathering and processing data from various sources, AI
particularly sustainable products and Sharia-specific can also analyze the needs of banking customers.
products, which provide added value and benefits both
financially and in terms of fairness. CIMB Niaga and its SBU have used AI in internet banking
services by providing customers with information about
Throughout 2024, the national Islamic financial industry banking products via chatbots. Furthermore, CIMB
experienced positive growth as the country’s economy Niaga and its SBU have implemented a more secure
recovered. CIMB Niaga’s SBU is leveraging the momentum biometric system that can replace PIN and passwords for
of domestic economic recovery and the Islamic financial authentication.
sector to expand financing disbursement. CIMB Niaga’s
SBU targets existing and referral customers in selected Internally, AI is used in a variety of learning and training
economic sectors that are resilient to turbulence and modules, the most notable is the VR (Virtual Reality)
have higher growth potential. Learning method. VR technology can create a simulation
in which training participants act like someone in the real
CIMB Niaga’s SBU has shown positive growth in funding world but play in the virtual world, making the experience
and financing, with financing quality comparable to that feel real while remaining enjoyable.
of other Sharia industries.
Regarding Third-Party Funds, CIMB Niaga’s SBU was
focused on growing low-cost funds by expanding
community networks and strategic partnerships and
developing the customer base to obtain low-cost funds
in the long-term. Furthermore, CIMB Niaga’s SBU
maintained liquidity through deposits from institutions,
corporations, and retail customers, which continued to
grow with more conservative profit sharing and long-term
Muhammad Sayuti,
maturities. M.Pd., M.Ed., Ph.D
PP Muhammadiyah
CIMB Niaga’s SBU has taken and will continue to take Secretary
several strategic steps, including increasing Third Party
Muhammadiyah and CIMB Niaga Sharia have
Funds while improving a more stable, low-cost fund
officially settled on the urgency of mutually
structure, operational cost efficiency, maintaining asset
beneficial cooperation, especially as the two are
quality, and product and service differentiation through developing Muhammadiyah as a Charity center into
digital services. Furthermore, in terms of financing, it a more advanced organization as the times demand.
prioritizes several low-risk businesses that are resilient to
From my personal experience as an account holder,
turbulence and have high growth potential.
CIMB Niaga Sharia has proven to be ahead of other
major banks. The convenience, practicality, and
SBU and CIMB Niaga support implementing the CIMB access to international transactions it offers are
Niaga SBU strategy described above. As a running CIMB just beyond imagination. I hope CIMB Niaga Sharia
Niaga’s SBU business model, the Dual Banking Leverage business and services can advance further to
deliver more to society.
Model has also been strengthened by the Syariah First
and Syariah Default programs in the Bank’s sustainable
business activities and practices. All parties at CIMB
Niaga are expected to provide maximum support for the
growth of CIMB Niaga SBU in the short and long term.
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2024 PERFORMANCE
(in billion Rupiah)
Growth (%)
CIMB Niaga’s SBU Performance 2024 2023 2022
2023–2024 2022–2023
Assets 67,503 62,747 62,957 7.58 (0.33)
Financing Disbursement 60,289 55,241 47,195 9.14 17.05
- Corporation 16,036 15,032 15,283 6.68 (1.65)
- Commercial 7,608 6,287 4,833 21.02 30.07
- EBB 5,066 4,313 2,530 17.47 70.43
- Consumer 31,579 29,610 24,548 6.65 20.62
Customer Deposits 54,680 44,916 39,508 21.74 13.69
Profit Before Tax 2,123 1,915 1,514 10.88 26.46
Non-Performing Financing (NPF) 1.66% 1.09% 1.29% 0.57 (0.20)
ASSET GROWTH CUSTOMER DEPOSITS
In December 2024, CIMB Niaga’s SBU total assets were In 2024, the total customer deposit funds for SBU CIMB
Rp67.5 trillion, with financing disbursements increased Niaga were recorded at Rp54.7 trillion, an increase of
by 9.14% to Rp60.3 trillion from Rp55.2 trillion in the 21.74% from Rp44.9 trillion in 2023. Current Account
previous year. Meanwhile, customer deposits were Rp54.7 products increased by Rp5.4 trillion, or 47.20%, to Rp16.7
trillion, an increase of 21.74% from the prior year. trillion. Savings products increased by Rp0.7 trillion,
or 4.43%, to Rp15.6 trillion over the previous year. Time
FINANCING DISBURSEMENT deposit products increased by Rp3.7 trillion, or 20.06%,
As of the end of 2024, financing disbursement had to Rp22.4 trillion, an increase from Rp18.6 trillion last
increased by 9.14% to Rp60.3 trillion, an increase from year. Meanwhile, the CASA ratio increased to 59.06%
Rp55.2 trillion in 2023. This increase came from all from 58.48% the previous year.
segments, particularly consumer banking.
NON-PERFORMING FINANCING
The most significant financing volume from the Consumer In September 2024, CIMB Niaga’s SBU had gross and
Banking segment increased by 6.65%, or Rp2.0 trillion, net Non-Performing Financing (NPF) ratios of 1.66% and
to Rp31.6 trillion over the previous year. Commercial 0.82%, respectively. Compared to its competitors in the
Banking’s financing volume increased by Rp1.3 trillion, Sharia Banking industry, CIMB Niaga’s SBU NPF ratios
or 21.02%, while Commercial Banking increased by Rp1.0 remain relatively conservative.
trillion, or 6.68%. Meanwhile, the EBB segment increased
by Rp0.8 trillion, or 17.47%, to Rp5.1 trillion. CIMB Niaga’s SBU has made sufficient provisions to
address non-performing financing while maintaining a
The implementation of the “Sharia First” program within Loan Loss Coverage ratio above 100% to cover potential
the Dual Business Leveraging Model (DBLM) contributes losses. In 2024, the portfolio concentration level remained
to the expansion of the financing portfolio. In this model, stable and manageable.
all units prioritize selling Sharia-compliant products.
Sharia First applies not only to product sales but also CIMB Niaga’s SBU also continues to improve collaboration
to middle-end and back-end business support. Sharia with the Loan Work Out (LWO) team to maintain the quality
First is implemented so that the process of booking of productive assets and carry out selective restructuring
Sharia accounts can run better under the supervision of for debtors with potential business prospects.
the Sharia Advisory Group, RCU, and SSB to ensure all
aspects are by Sharia provisions, especially for productive SHARIA BANKING PROFIT BEFORE TAX
customers (corporate and commercial) whose financing In 2024, CIMB Niaga’s SBU reported a profit before
needs are complex. taxes of Rp2.1 trillion. On an annual basis, CIMB Niaga’s
SBU profit before tax increased by Rp208.4 billion, or
10.88%, from Rp1.9 trillion in 2023. This increase was due
to a decrease in impairment losses on financial assets
of Rp186 billion, or 28.13%, and an increase in other
operating income of Rp107 billion, or 19.95%, in 2024
compared to 2023.
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REALIZATION AND PROFIT-SHARING CALCULATION METHOD
CIMB Niaga’s SBU adheres to the principles of transparency and measurability by using the calculation formula and
profit-sharing policies outlined in the Sharia Accounting Standards SFAS 100-106.
The distribution of profit-sharing to third-party fund customers is conducted using Sharia principles, aligning with the
specified ratios at the time of the fund placement agreement. Every month, CIMB Niaga’s SBU issues a circular indicating
each business unit’s income percentage. This information determines how much profit-sharing will be distributed to
customers. Furthermore, the circular contains information about the ratio levels for the following month.
In 2024, the Gross Yield Distribution (GYD) of CIMB Niaga’s SBU was as follows:
GYD January Februay March April May June July August September October November December
Rp 7.37% 7.26% 7.37% 7.62% 7.33% 7.49% 7.49% 7.49% 7.49% 7.46% 7.46% 7.46%
USD 5.78% 4.83% 4.96% 4.56% 4.72% 5.10% 4.65% 5.12% 5.12% 4.80% 4.80% 4.80%
SOURCE AND DISTRIBUTION OF ZAKAT, INFAQ, AND SADAQAH (ZIS)
In addition to its business functions, CIMB Niaga’s SBU, a Sharia Banking institution, carries out its social responsibilities
by collecting and distributing funds for Zakat, Infaq, and Sadaqah (ZIS). In 2024, the collection of ZIS funds reached
Rp492 million, a 6.99% decrease, with Rp217 million distributed to zakat institutions and Rp100 million to zakat institutions
registered and verified by CIMB Niaga’s SBU.
CIMB Niaga’s SBU also operates as an LKS PWU (Sharia Financial Institution Receiver of Cash Waqf) in collaboration with
20 waqf institutions (nazhir). In this capacity, CIMB Niaga’s SBU accepts cash waqf from the public through various products
and channels dedicated to the Cash Waqf collection. The Cash Waqf funds are credited directly to the waqf institution’s
account at CIMB Niaga Syariah. In 2024, the value of received cash waqf funds directly utilized by waqf institutions
increased by 35.86%, to Rp41.3 billion, from Rp30.4 billion in the previous year.
TABLE OF SOURCES AND DISTRIBUTION OF ZAKAT FUNDS
(in million Rupiah)
Description 31 December 2024 31 December 2023
A. Sources and Distribution of Zakat Funds
Receipt of zakat funds originating from:
a. SBU Internal - -
b. SBU External 492 529
Total Receipts 492 529
Distribution of zakat funds to zakat management entities
a. Amil Zakat Institution (LAZ) 217 404
b. Amil Zakat Agency (BAZ) 100 -
Total Distribution 317 404
B. Sources and Distribution of Waqf Funds
Receipt of waqf funds originating from:
a. SBU Internal - -
b. SBU External 41,285 30,388
Total Receipts 41,285 30,388
Distribution of Waqf Funds to Waqf Management Entities:
a. Indonesian Waqf Board - -
b. Republika Dhuafa Wallet 31,997 18,160
d. Indonesian Waqf House Bandung (RW) 3,454 2,044
e. Others 5,834 10,184
Total Distribution 41,285 30,388
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SOURCES AND UTILIZATION OF BENEVOLENCE FUNDS
CIMB Niaga’s SBU facilitates the payment of ZIS and Waqf through managing Benevolence Funds, primarily derived
from customer financing penalties. Financing penalties are calculated using the embedded system in the core banking
system. Benevolence Funds are classified into three types: Productive Benevolence Funds, Donation Funds, and Other
Uses for public purposes.
The Benevolent Fund SOP, approved by the Sharia Supervisory Board, regulates the distribution of social funds. Social
funds are distributed to five significant sectors: community economic development, education, healthcare, infrastructure,
and social activities.
In 2024, CIMB Niaga’s SBU received Benevolent Fund of Rp8.8 billion, decreased by 24.80% from the previous year of
Rp11.7 billion. The fund was distributed to various sectors through a social fund/donation of Rp7.2 billion, other public
interest purpose of Rp320 billion, as well as productive Benevolent Fund of Rp25 million. The total 2024 Benevolent
Fund distribution was Rp7.6 billion. The 2024 beginning balance was Rp30.8 billion while the end balance was Rp32.0
billion, after receiving and distributing in 2024.
TABLE OF SOURCES AND DISTRIBUTION OF BENEVOLENCE FUNDS
(in million Rupiah)
Description 31 December 2024 31 December 2023
Beginning balance of Benevolence Funds 30.807 26.619
Receipt of Benevolence Funds
a. Infaq and Alms - -
b. Productive Benevolence Refund 23 29
c. Fine 8,760 11,433
d. Non-halal receipts - 167
e. Others - 50
Total Receipts 8,783 11,679
Distributions of Benevolent Funds
a. Productive Benevolence Fund 25 39
b. Donation 7,247 7,136
c. Other Uses for Public Benefits 320 316
Total Distributions 7,592 7,491
Increase/(Decrease) of Benevolence Funds 1,191 4,188
Ending balance of Benevolence Fund 31,998 30,807
COMPLIANCE AND IMPLEMENTATION OF of the Bank Indonesia/OJK. In cases where no fatwa
SHARIA GOVERNANCE FRAMEWORK applies to the products and services, SSB will submit a
To improve the quality of SBU activities, CIMB Niaga fatwa request to DSN-MUI.
consistently conducts its business, products, and
services according to prevailing Sharia principles. To support the duties and responsibilities of the SSB in
The Sharia Supervisory Board, the highest authority supervising Sharia principles, the SSB is supported by the
in Sharia supervision, continues to oversee the Sharia Advisory and Governance Sharia Review (GSR)—
implementation and compliance with Sharia principles RCU Sharia Banking. The Sharia Advisory generally
across all units at CIMB Niaga’s SBU. The Bank adheres assists the SSB in reviewing and providing input on
to OJK Regulation No. 2 of 2024 operational activities Sharia-compliant banking products and transactions
on the Sharia Governance for Sharia Commercial Banks before they are submitted and approved by the SSB. The
and Sharia Business Units. GSR-RCU Sharia Banking assists the SSB in conducting
random tests, as well as reviewing and assessing the
SSB reviews the development of SBU Bank’s products implementation of Sharia-compliant banking transactions
and services by the Fatwa of the National Sharia Council within the Bank, such as fundraising transactions, fund
- Indonesian Ulema Council (DSN-MUI) and the provisions distribution, and Bank service at Sharia Branch Offices
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(KCS), Office Channelling (OC), Business Units, and other 5. 21st Infobank Banking Service Excellence 2024
related units. Category: 1st Rank The 1st Best-ATM Cabang - Sharia
Business Unit
Internal Audit also supervises Sharia compliance through 6. Warta Ekonomi: Indonesia Sharia and Halal Top Brand
its audit mechanism. The audit is carried out regularly in Awards 2024.
accordance with Internal Audit’s audit plan. Internal Audit 7. Indonesia Finance Award 2024 Category: The Best
findings and recommendations were served to improve Indonesia Finance for Sharia Bank - Public Company
the quality of Sharia compliance. 8. 7 Most Popular Brands of the Year 2024 Category:
Finance (Sharia Banking - SBU CIMB Niaga Sharia)
SSB assisted by the Potential Sharia Non Compliance 9. TOP GRC Awards 2024 #5 Stars
Forum (PSNC Forum) handles every Sharia non 10. 13th INFOBANK SHARIA RECOGNITION 2024:
compliance issue. The PSNC Forum conducts reviews, Excellent Financial Performance in 9 Consecutive
makes decisions, and/or escalates incidents that may Years 2015-2023
violate Sharia principles. 11. 13th INFOBANK SHARIA RECOGNITION 2024: The
Best Asset Quality Sharia Banking Business Unit
OFFICES AND DISTRIBUTION NETWORK 2024
The Dual Banking Leverage Model has been implemented 12. Indonesia Digital & IT Operational Excellence Award
and optimized to achieve positive business results. With 2024
dual budgets and KPIs in business and related supporting 13. Islamic Retail Banking Award (IRBA) 2024
units, the DBLM implementation remains Sharia-compliant 14. SWA Indonesia - Indonesia Customer Experience
while leveraging shared infrastructure, IT, the Digital Champions 2024 Predicate: Very Good Best Sharia
Banking Platform, and networks. The implementation of Mortgage by Properti Indonesia
the business model is supported by role-sharing between
the Sharia Business Unit and all units, complemented by
the “Sharia First” and “Sharia Default” programs in the
Bank’s sustainable business activities and practices. The
Share of Book (SOB) results reflect an annual increase in
each segment and supporting unit (enablers).
CIMB Niaga’s SBU utilizes a variety of methods to provide
the best Sharia Banking services to the public, including
branch offices under SBU (Sharia Branch Offices) and Ardi Tirta Tjoa
parent Bank facilities, which CIMB Niaga’s SBU also PT Putra Perkasa Abadi
uses as part of the DBLM implementation. As of the end Director
of 2024, CIMB Niaga’s SBU had a network of 24 Sharia
Branch Offices (KCS), 1 Sharia Sub-Branch Office (KCPS), PT Putra Perkasa Abadi (PPA) offers mining services
with high competence and deep understanding of
and 8 Sharia Functional Offices (KFS). In addition, CIMB
mining development and operations. Living up to
Niaga’s SBU sells Sharia banking products through 335 its corporate slogan of Safe & Strong Operational
Sharia Service Network points (office channeling) in 28 Performance, PPA has grown to become Indonesia’s
provinces across Indonesia. third-largest mining contractor in terms of OB
production.
AWARDS
Our capital-intensive industry requires a committed
In 2024, CIMB Niaga’s SBU received appreciation and banking partner who understands business
awards for its performance achievements in the Sharia dynamics. Therefore, CIMB Niaga has been chosen
Banking business, including: to provide us with sharia financing for our heavy
1. BAZNAS Awards 2024 Category: The Best Zakat equipment investments at the appropriate amount
and competitive terms, making us even more
Payment Services Provider Bank 2024
competitive in delivering the best to our customers.
2. 4th Anniversary Indonesia Top Syariah Awards 2024 Although the relationship with CIMB Niaga has
3. Infobrand Top Innovation Choice Award 2024: not yet reached two years, PPA believes that
OctoClicks Innovation CIMB Niaga will continue to be a key partner and
4. Euromoney Islamic Finance Awards 2024 Category: synergize to support PPA in becoming the best in
Indonesia.
Indonesia’s Best International Islamic Bank
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2025 FUTURE PLAN, STRATEGY, AND POLICIES
Looking ahead, CIMB Niaga’s SBU is confident that the scope for Sharia Banking will continue to grow and develop along
with the community’s awareness, understanding, and needs for Sharia products. Therefore, to seize opportunities and
anticipate future challenges, CIMB Niaga’s SBU has developed a strategic focus that will be implemented in 2025, which
includes:
1. Continue to optimize the concept of leveraging business units by collaborating with the bankwide team for “referral
sharia products” on sustainable Bank business activities and practices, and continue to provide the same services to
all customers.
2. Implement sustainable growth supported by increased funding and financing and excellent asset quality. This
strategy is supported by optimal cost efficiency management, resulting in increased profit growth over previous
periods.
3. Develop unique sharia products to support financing portfolio growth from various segments.
4. Enhancing collaboration with existing and new partners to expand the Islamic Community’s business and gradually
establish a sharia financial ecosystem.
5. Developing a Digital Banking platform and continuously enhancing product features on CIMB Niaga e-channels, in
line with the direction of digitalization development in 2025.
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Operational Review by Business Segment
CIMB Niaga classifies its business segments into By the end of 2024, CIMB Niaga had 7 (seven) reporting
operational and geographical segments. CIMB Niaga segments, as follows:
defines a business segment as a collection of assets and 1. Corporate - include loans, savings, and other
operations that offer products and services with different transactions, as well as corporate customer balances.
risks and returns than other business segments. 2. Business - products and services for small to medium-
sized customers.
OPERATING SEGMENT 3. Retail -products and services for individual customers.
An operating segment is a component of a business entity This segment includes loan facilities, savings,
that: and other transactions, as well as retail customer
1. Conduct business activities to generate income and balances.
expenses (including income and expenses related 4. Treasury – this segment is related to CIMB Niaga’s
to transactions with other components of the same treasury activities, including foreign exchange, money
entity); markets, derivatives, placements, and securities
2. The operating results are reviewed regularly by the transactions.
head of operations to make decisions about the 5. Sharia - all transactions are carried out by the Sharia
resources allocated to the segment and assess its business unit.
performance; and 6. Others - including back office activities and divisions
3. Separate financial information is available. that do not generate profits at CIMB Niaga. Corporate
services, sales, and distribution are among the other
CIMB Niaga reports operating segments in line with activities.
internal reports prepared for operational decision- 7. Subsidiaries - including all transactions arising and
makers responsible for allocating resources to specific carried out based on the Subsidiaries’ business.
segments and evaluating their performance. CIMB
Niaga’s operating segments have all met the SFAS 108
reporting requirements (revised in 2014).
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GEOGRAPHICAL SEGMENTS BUSINESS SEGMENTS OF CIMB NIAGA
In the geographical segments, CIMB Niaga offers services CIMB Niaga classifies the following work units in its
in a specific economic environment, with risks and returns organizational structure:
that vary from those of other operating segments in other 1. Business Units include Consumer Banking, Business
economic environments. CIMB Niaga’s business segment Banking, Treasury and Capital Markets, Sharia
is divided into 6 (six) main geographic areas, excluding Banking, and Transaction Banking.
subsidiaries: Jakarta, West Java, Central Java, East Java, 2. Support functions include operations and Information
East Indonesia, and Sumatra. Technology, Risk Management, Compliance,
Corporate Affairs and Legal, Human Resources, and
Strategy and Finance.
3. Sales & Distribution, which is responsible for selling
products and services to customers across all
branches in Indonesia.
Profitability by Each Business Segment
OPERATING SEGMENTS
Information related to the operating segments that include 7 (seven) reporting, which covers the corporate, business,
retail, treasury, sharia, and other segments, and subsidiaries of CIMB Niaga and Subsidiaries is presented in Note No. 50
to the Consolidated Financial Statements.
GEOGRAPHICAL SEGMENTS
Information related to the geographical segments of Bank CIMB Niaga and Subsidiaries is presented in Note to the
Consolidated Financial Statements No. 50.
194 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Financial Performance Review
The following financial performance analysis is based These efforts were also supported by the optimisation of
on the Consolidated Financial Report of PT Bank CIMB macroprudential policy stimulus and the acceleration
Niaga Tbk and its subsidiaries, which ended on 31 of the digitalisation of payment transactions by Bank
December 2024. The Bank’s Consolidated Financial Indonesia.
Report was prepared based on Financial Accounting
Standards in Indonesia and has been audited by KAP With careful attention to global and domestic economic
Rintis, Jumadi, Rianto & Rekan, a member firm of the developments, CIMB Niaga was able to continue growing
global PwC network. The partner in charge is Jimmy with positive financial performance in 2024. Bank assets
Pangestu, S.E., CPA, an independent auditor, based were recorded at Rp360.2 trillion, with customer deposits
on the Audit Standards determined by the Indonesian reaching Rp260.6 trillion and a CASA contribution of
Institute of Public Accountants, with an audit opinion Rp172.1 trillion, or equivalent to a CASA ratio of 66.02% of
on the financial statements presenting an unqualified the total customer deposits. Time deposits were recorded
opinion; the Group’s consolidated financial performance, at Rp88.6 trillion.
as well as cash flows for the fiscal year ended on 31
December 2024, are in accordance with Indonesian CIMB Niaga also diversified funding sources through the
Financial Accounting Standards. issuance of debt securities amounting to Rp1.7 trillion.
The marketable securities issued to CIMB Niaga received
OVERVIEW OF FINANCIAL PERFORMANCE an idAAA rating from PT Pefindo, while the subsidiary,
Indonesia’s economic growth in 2024 remained stable, CNAF received an AAidn rating from PT Fitch Ratings
supported by domestic demand, reaching 5.03% from Indonesia.
5.05% in the previous year. This growth achievement
was the result of a combination of policies designed Loan disbursement increased by 6.86% to Rp228.0
to encourage economic growth, which worked in trillion, an increase from Rp213.4 trillion in the previous
collaboration with the Government’s fiscal stimulus policy. year. The main contributor to loan growth was the
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Corporate Banking business which increased by 8.29%, trillion in the previous year, respectively. Net interest
EBB Banking by 9.10%, Commercial Banking by 4.62%, income and non-interest income contributed to achieve
and Consumer Banking by 5.44% supported by the an operating income of Rp18.9 trillion. Total operating
growth in Auto Loans (KPM) of 26.01% and Personal expenses increased by 1.93%, while the provision for
Loans (KTA) of 19.57%. impairment losses on financial and non-financial assets
decreased by 10.03%. CIMB Niaga recorded a net profit
In terms of the income statement, CIMB Niaga recorded of Rp6.9 trillion for the year ended 2024, an increase of
net interest income of Rp13.3 trillion and non-interest 5.30% from Rp6.6 trillion in 2023.
income of Rp5.7 trillion, from Rp13.4 trillion and Rp5.4
2024 Strategy
CIMB Niaga implements a long-term business strategy, to launch various strategic initiatives in all business
the Five Pillars Strategy, that is consistent with the CIMB segments aimed at improving the customer experience,
Group’s business strategy, Forward23+, which has five leveraging information technology, optimising business
main focusses: delivering sustainable financial returns, processes, and others. Consistency in strategy
disciplined execution, customer centricity, transforming implementation was also a key factor in the Bank
fundamentals, and purpose-driven organisation. achieving a return on equity Tier 1 rate of 14.34% in 2024.
In the midst of strong competition among banks, CIMB Further, the Bank’s Net Promoter Score (NPS) increased
Niaga is constantly striving to increase the growth of low- from 50% in 2023 to 57% in 2024 as a result of ongoing
cost funds (CASA), which is carried out through product efforts to improve customer experience. The Bank was
and service innovations that meet customer needs, such able to maintain a solid level of capital and liquidity by
as providing ease and security in transactions via digital implementing effective and integrated risk management.
banking channels, as well as a variety of other attractive
promotions. With the implemented strategies and On the other hand, the advancement of digital technology
initiatives, CIMB Niaga is able to strengthen its position in in our daily lives has had a significant impact on a
the Indonesian banking industry while also optimising its variety of areas. Considering this situation, CIMB Niaga
advantages in order to achieve its goal of becoming the continues to maximise the use of information technology
bank of choice for Indonesian banking customers. by developing digital channels such as OCTO Mobile,
OCTO Clicks, OCTO Pay, BizChannel@CIMB, and others.
5 PILAR STRATEGY IMPLEMENTATION
In the midst of dynamic economic conditions, CIMB As one of Indonesia’s pioneers of the most comprehensive
Niaga continues to meet its strategic goal of providing digital financial services, the Bank continues to provide
sustainable returns to shareholders by implementing relevant digital-based financial solutions to improve
a disciplined long-term strategy supported by strong customer convenience in meeting various banking
capital and liquidity position management. CIMB Niaga needs. CIMB Niaga believes that the use of information
is also confident that it will continue to achieve positive technology will be critical in assisting the Bank’s business
results in line with its long-term strategy. in becoming a leader in digital banking. In 2024, the
contribution of financial transactions through non-branch
To accelerate the implementation of the 5 Pillars of networks, including digital channels, reached 90%.
Strategy in all business activities, CIMB Niaga continues
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Electronic Network Coverage Expansion
As of 31 December 2024, Bank CIMB Niaga’s branches, OCTO CLICKS
sub-branches, and payment offices were spread across OCTO Clicks makes it easy to pay bills, shop online,
28 provinces in Indonesia, with a total of 407 branches purchase mutual funds and bonds, and open savings
and networks (including Sharia Branch, Digital Lounge, and deposit accounts online. Since 2016, OCTO Clicks
Mobile Cash, and Kiosk), 2,282 ATMs, 983 CDMs has implemented the Virtual Card Number (VCN) feature
(including CRM), 38 Digital Lounges, 33 Mobile Cash, and to provide easy access to online transactions on any
11,063 employees. MasterCard-accepted website, allowing customers to
shop more securely and easily with their savings accounts
ATM AND MFD without using a credit card. VCN is ideal for customers
In 2024, the number of ATM machines and Multi-Function who do not have a credit card and wish to shop online at
Devices (MFD) owned by CIMB Niaga reached 2,282 merchants that only accept credit cards.
units with a network spread throughout Indonesia. The
number of transactions on ATM and MFD machines was Furthermore, OCTO Clicks provides a personalised
56.3 million transactions, with a total transaction volume financial dashboard that summarises each customer’s
reaching Rp39.8 trillion in 2024 compared to the previous activities and financial assets, such as savings, loans, and
year’s transaction volume of Rp48.7 trillion. investment products. This feature provides added value
for customers who need to closely monitor their current
ATM and MFD Performance financial condition.
Transaction Volume Total Transactions Number of ATM & MFD
(in trillion Rupiah) (in million) (in thousand)
OCTO Clicks had 1.9 million users by 2024. CIMB Niaga
48.7 39.8 69.0 56.3 3.0 2.3
offers OCTO Clicks, a superior internet-based banking
service. Customers completed 8.7 million transactions
using OCTO Clicks. OCTO Clicks recorded a transaction
volume of Rp65.0 trillion in 2024.
OCTO Clicks Performance
Transaction Volume Total Transactions Number of Users
(in trillion Rupiah) (in million) (in million)
111.7 65.0 51.1 8.7 1.8 1.9
2023 2024 2023 2024 2023 2024
CDM AND CRM
In 2024, CIMB Niaga recorded the number of CDM and
CRM machines owned reaching 983 units, while the
number of transactions carried out via CDM and CRM
machines reached 24.6 million transactions compared
to the number of transactions in the previous year, which 2023 2024 2023 2024 2023 2024
was 25.0 million transactions. Transaction volume was
recorded at Rp29.0 trillion, a decrease from Rp30.1 trillion
in the previous year.
CDM and CRM Performance
Transaction Volume Total Transactions Number of CDM & CRM
(in trillion Rupiah) (in million) (in thousand)
30.1 29.0 25.0 24.6 0.9 1.0
2023 2024 2023 2024 2023 2024
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OCTO MOBILE BIZCHANNEL@CIMB
OCTO Mobile is a mobile banking application service BizChannel@CIMB is a superior internet-based banking
that includes advanced features such as time deposits, service offered by CIMB Niaga for business customers.
biometric authentication, OCTO mobile payments via QR BizChannel@ CIMB reached 57.4 million users by 2024,
scan technology, retail bond purchases, mutual fund an increase from 53.7 million in the previous year. The
openings, e-wallet top-ups, and AdaOCTO!, which displays number of transactions carried out by customers via
the most recent CIMB Niaga promotions. In 2024, CIMB BizChannel@CIMB reached 112.3 million, compared to the
Niaga’s mobile banking service reached 3.4 million users, previous year of 91.0 million.
an increase from 3 million in the previous year.
BizChannel@CIMB Performance
Transaction Volume Total Transactions Number of CIF
Customers completed 340.0 million transactions via (in trillion Rupiah) (in million) (thousand)
OCTO Mobile in 2024, an increase of 56.70% from the
3.8 3.7 91.0 112.3 53.7 57.4
previous year of 217.0 million. The number of transactions
was followed by a transaction volume of Rp333.0 trillion.
OCTO Mobile Performance
Transaction Volume Total Transactions Number of Users
(in trillion Rupiah) (in million) (in million)
346.0 333.0 217.0 340.0 3.0 3.4
2023 2024 2023 2024 2023 2024
EDC AND QR
To support digital penetration, CIMB Niaga is increasing
the number of payment points available through
2023 2024 2023 2024 2023 2024 Electronic Data Capture (EDC) and QR. In 2024, CIMB
Niaga’s EDC and QR number reached 634.9 thousand, a
16.71% increase from the previous year of 544.1 thousand.
OCTO PAY The number of transactions carried out by customers
OCTO Pay is CIMB Niaga’s digital service product, via EDC and QR reached 118.7 million, compared to the
including cardless cash withdrawals from all CIMB Niaga, previous year of 148.9 million, with a total transaction
Indomaret, and Alfamart ATMs using only registered volume of Rp37.6 trillion.
mobile numbers. In 2024, OCTO Pay had 5.8 million
users, an increase of 5.45% from the previous year of 5.5 EDC and QR Performance
Transaction Volume Total Transactions Number of EDC and QR
million. This was followed by an increase in the number (in trillion Rupiah) (in million) (thousand)
of transactions carried out by customers via OCTO Pay,
49.9 37.6 148.9 118.7 544.1 634.9
which reached 20.0 million transaction from 16.6 million
in the previous year.
Octo Pay Performance
Transaction Volume Total Transactions Number of Users
(in trillion Rupiah) (in million) (in million)
3.6 4.2 16.6 20.0 5.5 5.8
2023 2024 2023 2024 2023 2024
2023 2024 2023 2024 2023 2024
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Consolidated Statements of Financial Position
(in million Rupiah)
Growth (%)
Financial Position 2024 2023 2022
2023-2024 2022-2023
Cash and Cash Equivalent Net 21,197,458 24,344,954 32,042,907 (12.93) (24.02)
Marketable Securities and Government Bonds – Net 95,422,753 85,119,827 65,518,998 12.10 29.92
Loans – Gross 228,002,995 213,369,870 196,611,014 6.86 8.52
Allowance for Impairment Losses (10,653,400) (12,047,483) (13,197,385) (11.57) (8.71)
Loans - Net 217,349,595 201,322,387 183,413,629 7.96 9.76
Fixed Assets – Net 8,847,875 8,849,392 9,124,488 (0.02) (3.01)
Other Assets – Net 17,402,829 14,732,673 16,654,277 18.12 (11.54)
Total Assets 360,220,510 334,369,233 306,754,299 7.73 9.00
Current Account 91,788,134 73,201,803 70,340,016 25.39 4.07
Saving Account 80,279,071 77,430,824 74,085,536 3.68 4.52
Time Deposits 88,571,822 85,229,043 82.763.005 3.92 2.98
Total Customer Deposits 260,639,027 235,861,670 227,188,557 10.51 3.82
Deposits from Other Banks 5,959,468 1,760,447 2,506,012 238.52 (29.75)
Marketable Securities Issued and Subordinated 13,050,929 22,880,147 7,995,976 (42.96) 186.15
Loans
Borrowings 8,487,935 6,288,525 3,425,409 34.97 83.58
Other Liabilities 18,886,824 18,241,073 20,362,082 3.54 (10.42)
Total Liabilities 307,024,183 285,031,862 261,478,036 7.72 9.01
Total Equity 53,196,327 49,337,371 45,276,263 7.82 8.97
Total Liabilities and Equity 360,220,510 334,369,233 306,754,299 7.73 9.00
ASSETS
In 2024, CIMB Niaga recorded total assets of Rp360.2 trillion, an increase of 7.73% from 2023 to Rp334.4 trillion. The
increase in total assets was mainly driven by Loan growth of 6.86%, reaching Rp228.0 trillion compared to the previous
year Rp213.4 trillion. This increase was also derived from Marketable Securities and Government Bonds–Net which
recorded Rp95.4 trillion, an increase of 12.10% from Rp85.1 trillion in 2023.
CASH AND CASH EQUIVALENT - NET
(in million Rupiah)
Growth (%)
Cash and Cash Equivalent - Net 2024 2023 2022
2023-2024 2022-2023
Cash 3,650,137 3,928,446 5,439,398 (7.08) (27.78)
Current Account with Bank Indonesia 9,990,709 13,180,254 8,985,257 (24.20) 46.69
Current Account with Other Banks 2,508,917 2,703,266 2,748,458 (7.19) (1.64)
Placements with Bank Indonesia 4,849,107 4,252,742 14,502,467 14.02 (70.68)
Placements with Other Banks 198,588 280,246 367,327 (29.14) (23.71)
Total 21,197,458 24,344,954 32,042,907 (12.93) (24.02)
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The Bank’s net cash and cash equivalents at the end of Cash and Cash Equivalent Composition - Net
(%)
2024 were recorded at Rp21.2 trillion, a decrease of
12.93% from Rp24.3 trillion in 2023. The decrease was 1.15 1.15 0.94
mainly due to a reduction in the current account with 17.47
22.88
Bank Indonesia from Rp3.2 trillion to Rp10.0 trillion in 45.26 11.10
11.84
Placements with Other Banks
2024.
8.58 Placements with Bank Indonesia
54.14
47.13
Current Account with Other Banks
28.04
Current Account with Bank Indonesia
16.98 16.14 17.22
Cash
2022 2023 2024
CASH
In 2024, the cash reached Rp3.7 trillion, a decrease of 7.08% compared to 2023’s Rp3.9 trillion. The decrease in cash was
mainly due to cash amount in Rupiah currency amounting to Rp136.4 trillion. The contribution of cash to net cash and
cash equivalents in 2024 reached 17.22%.
(in million Rupiah)
Growth (%)
Cash 2024 2023 2022
2023-2024 2022-2023
Rupiah 2,812,040 2,948,438 4,474,340 (4.63) (34.10)
Foreign Currency
US Dollars 456,490 358,888 430,421 27.20 (16.62)
Others 381,607 621,120 534,637 (38.56) 16.18
Total 3,650,137 3,928,446 5,439,398 (7.08) (27.78)
CURRENT ACCOUNT WITH BANK INDONESIA
In 2024, current accounts with Bank Indonesia reached Rp10.0 trillion, decreasing by Rp3.2 trillion or 24.20% compared
to 2023, which reached Rp13.2 trillion. The decrease was mainly due to current accounts with Bank Indonesia in Rupiah
amounting to Rp3.3 trillion.
(in million Rupiah)
Growth (%)
Current Accounts 2024 2023 2022
2023-2024 2022-2023
Rupiah 8,398,250 11,707,048 7,385,741 (28.26) 58.51
US Dollars 1,592,459 1,473,206 1,599,516 8.09 (7.90)
Total 9,990,709 13,180,254 8,985,257 (24.20) 46.69
The current account balance with Bank Indonesia, including the Minimum Statutory Reserves (GWM), is the minimum
deposit that the Bank must maintain in its current account with Bank Indonesia. Furthermore, the Macroprudential
Intermediation Ratio (RIM) (known as the Loan-to-Funding Ratio GWM LFR) is the additional minimum savings that the
Bank must maintain in the form of current accounts with Bank Indonesia. CIMB Niaga’s Minimum Statutory Reserves for
Rupiah and Foreign Exchange for both Conventional and Sharia Business Units were calculated by the provisions of Bank
Indonesia Regulations and Regulations of the Bank Indonesia Board of Governors.
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CURRENT ACCOUNT WITH OTHER BANKS
In 2024, current accounts with other banks of CIMB Niaga were recorded at Rp2.5 trillion, a decrease of Rp194.3 billion,
or 7.19%, from Rp2.7 trillion in 2023. Current accounts with other banks decreased because of accounts in Japanese
Yen, Rupiah, and Singapore Dollars, which were Rp309,5 billion, Rp283.8 billion, and Rp150.8 billion, respectively.
However, current accounts with other banks in Australian and US Dollars increased by Rp381.6 billion and Rp175,1 billion,
respectively.
(in million Rupiah)
Growth (%)
Current Accounts with Other Banks 2024 2023 2022
2023-2024 2022-2023
Rupiah 68,226 352,004 177,957 (80.62) 97.80
Foreign Currencies
US Dollars 719,624 544,488 780,104 32.17 (30.20)
Australian Dollars 492,766 111,146 243,453 343.35 (54.35)
Japanese Yen 404,901 754,651 447,277 (41.01) 68.72
Euro 197,980 174,170 400,974 13.67 (56.56)
Great Britain Pound Sterling 167,235 170,260 242,749 (1.78) (29.86)
Singapore Dollars 138,709 289,486 335,050 (52.08) (13.60)
Chinese Yuan 68,644 175,137 13,025 (60.81) 1.244.62
New Zealand Dollar 53,694 18,368 33,639 192.32 (45.40)
Malaysian Ringgit 44,497 8,916 2,797 399.07 218.77
Saudi Arabia Riyal 30,975 3,265 1,265 848.70 158.10
Canadian Dollars 29,938 19,120 25,641 56.58 (25.43)
Hong Kong Dollar 20,847 55,572 22,615 (62.49) 145.73
Others 30,643 26,683 21,912 14.84 21.77
Total 2,508,917 2,703,266 2,748,458 (7.19) (1.64)
PLACEMENT WITH OTHER BANKS AND BANK INDONESIA
In 2024, placements with other banks and Bank Indonesia reached Rp5.0 trillion, an increase of Rp514.7 billion, or 11.35%,
compared to 2023, which reached Rp4.5 trillion. This increase mainly came from Bank Indonesia’s foreign currency time
deposits of Rp446.9 billion and FASBI - Rupiah of Rp149.5 trillion.
(in million Rupiah)
Placement with Bank Indonesia and Growth (%)
2024 2023 2022
Other Banks 2023-2024 2022-2023
FASBI – Rupiah 2,000,292 1,850,809 9,801,082 8.08 (81.12)
BI Time Deposits – Foreign Currency 2,848,815 2,401,933 4,701,385 18.61 (48.91)
Placements with Bank Indonesia 4,849,107 4,252,742 14,502,467 14.02 (70.68)
Call Money - Rupiah 300 - - 100.00 -
Call Money - Foreign Currency 198,288 288,960 376,135 (31.38) (23.18)
Placements with Other Banks 198,588 288,960 376,135 (31.27) (23.18)
Less: Allowances for Impairment Losses - (8,714) (8,808) (100.00) (1.07)
Total 5,047,695 4,532,988 14,869,794 11.35 (69.52)
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MARKETABLE SECURITIES AND GOVERNMENT BONDS – NET
In 2024, CIMB Niaga recorded marketable securities and government bonds of Rp95.4 trillion, an increase of 12.10% from
Rp85.1 trillion in 2023. The rise in marketable securities and government bonds was due to an increase in marketable
securities by Rp14.1 trillion. However, this growth was offset with a decrease of Rp3.5 trillion in securities purchased
under resell agreements and Rp0.2 trillion in government bonds.
(in million Rupiah)
Marketable Securities and Government Bonds Growth (%)
2024 2023 2022
– Net 2023-2024 2022-2023
Marketable Securities 23,455,294 9,363,933 5,809,665 150.49 61.18
Government Bonds 70,354,627 70,596,507 59,199,026 (0.34) 19.25
Reverse Repo Securities 1,612,832 5,159,387 510,307 (68.74) 911.04
Total 95,422,753 85,119,827 65,518,998 12.10 29.92
MARKETABLE SECURITIES
(in million Rupiah)
Growth (%)
Marketable Securities – Gross 2024 2023 2022
2023-2024 2022-2023
Amortised cost 923,660 1,054,691 1,476,332 (12.42) (28.56)
Fair value through other comprehensive income 20,019,890 6,947,161 4,248,573 188.17 63.52
Fair value through profit and loss 2,512,584 1,401,241 103,188 79.31 1.258
Total 23,456,134 9,403,093 5,828,093 149.45 61.34
In 2024, CIMB Niaga’s investment structure for GOVERNMENT BONDS
marketable securities continued to be dominated by fair In 2024, CIMB Niaga continued to maximize investment
value instruments through other comprehensive income, in safe securities, such as government bonds. In addition,
with contribution of 85.35%, or Rp20.0 trillion, which CIMB Niaga launched several initiatives to manage and
increased by 188.17% from Rp6.9 trillion in 2023. The utilize the Bank’s liquidity.
types of securities with fair value instruments through
profit or loss increased by 79.31% to Rp2.5 trillion in 2024, CIMB Niaga’s investment in government bonds reached
while the amortized cost instrument was Rp0.9 trillion. Rp70.4 trillion, a slightly decrease of 0.34% or Rp241.9
billion from Rp70.6 trillion in 2023. The decline was due
In 2024, the average annual interest rate on marketable to a decrease of 20.27% or Rp3.7 trillion in government
securities investments was 5.50% - 11.20% in Rupiah and bonds at amortized cost instruments was balanced out
1.40% - 6.45% in foreign currencies. In 2023, Rupiah’s by an increase of 19.39% or Rp3.2 trillion in government
average annual interest rate was 5.30% - 11.20%, and bonds instrument at fair value through profit and loss and
1.40% - 5.63% in foreign currencies. a rise of Rp243.0 billion in government bonds at fair value
through other comprehensive income.
These marketable securities were well managed In
terms of collectability, with those classified as current Furthermore, 51.64% of CIMB Niaga’s total government
reaching Rp23.5 trillion. In the previous year, investment bond, or Rp36.3 trillion, were Fair value through other
in marketable securities classified as current reached comprehensive income. Other types of government bonds
Rp9.4 trillion, while those classified as loss were Rp15.0 were amortized cost and fair value through profit or loss
billion. No securities were classified as substandard. were Rp19.6 trillion and Rp14.4 trillion, respectively,
contributing 27.86% and 20.50% in 2024.
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Government Bonds Rupiah and 0.33% - 8.50% in foreign currency. As of
(in trillion Rupiah)
31 December 2024, Government Bonds pledged
as collateral for securities purchased under resale
8.4
16.4 19.6 agreements amounted to Rp8.5 trillion or decreased
compared to Rp16.6 trillion in 2023.
30.4
36.0
36.3 REVERSE REPO SECURITIES
Fair value through profit and loss In 2024, the number of marketable securities purchased
20.3
Fair value through other
comprehensive income
under the resale agreement was Rp1.6 trillion, a 68.74%
18.0 14.4
Amortised cost decrease from Rp5.2 trillion in 2023. As of 31 December
2022 2023 2024
2024, all securities purchased under the resale agreement
were classified as current and stage 1, and there were no
balances with related parties.
Government Bonds by Maturity
(in trillion Rupiah)
LOANS
CIMB Niaga is committed to expanding its sound loan
15.5
26.3
20.0 portfolio by providing loans at competitive interest
rates and implementing various marketing strategies.
> 5 years
In addition, CIMB Niaga always prioritizes prudence and
> 1 - ≤ 5 years maintain loan quality when providing loans.
39.1 29.3 39.7
> 3 - ≤ 12 months
> 1 - ≤ 3 months In 2024, CIMB Niaga recorded an increase in loans
7.4
10.2
2.7
1.8
7.5 0.3
≤ 1 month
provided of 6.86% to Rp228.0 trillion, from Rp213.4
- 0.1 0.2
2022 2023 2024
trillion in 2023. The loan is secured by collateral such
as a mortgage, rights to sell, time deposits, and other
collateral. In 2024 and 2023, loans secured by third party
CIMB Niaga’s Government bond portfolio is dominated fund were Rp9.5 trillion and Rp6.4 trillion, respectively.
by bonds with a maturity period of >1 - ≤ 5 years, which
reached 56.49% of the total portfolio. Bonds with a tenor LOANS BASED ON CURRENCY
of more than 5 years contributed 28.41%. Meanwhile, the In 2024, Rupiah-denominated loans contributed to most
contribution of government bonds with a maturity of >3-≤ 12 of the Bank’s loan portfolio. CIMB Niaga disbursed loans
months increased from 10.49% in 2023 to 14.49% in 2024. in Rupiah of Rp192.2 trillion, or 84.29% of total loans.
Meanwhile, loans in foreign currency reached 15.71% of
In 2024, the average annual interest rate for government total loans, or Rp35.8 trillion. In 2023, CIMB Niaga’s loan
bonds is 4.88% - 12.00% in Rupiah and 1.50% - 8.50% composition was 86.27% Rupiah and 13.73% foreign
in foreign currency, while the average annual interest currency.
rate for government bonds in 2023 is 4.88% - 12.00% in
(in million Rupiah)
Growth (%)
Loans Based on Currency 2024 2023 2022
2023-2024 2022-2023
Rupiah 192,172,437 184,076,821 171,933,980 4.40 7.06
Average interest rate (Rupiah) % 8.32 8.34 7.89 (0.02) 0.45
Foreign Currencies 35,830,558 29,293,049 24,677,034 22.32 18.71
Average interest rate (Rupiah) % 6.22 5.58 4.29 0.64 1.30
Total 228,002,995 213,369,870 196,611,014 6.86 8.52
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LOANS BASED ON GEOGRAPHIC AREA
Java Island continues to dominate Bank loan disbursement by distribution area, with a proportion of 85.45% in 2024 and
86.48% in 2023. In 2024, the Jakarta region had the most significant contribution to the total loan disbursement, 71.33%,
followed by Sumatra and East Java, which contributed 7.00% and 5.99%, respectively.
(in million Rupiah)
Growth (%)
Loans based on Geographic Area 2024 2023 2022
2023-2024 2022-2023
Jakarta 162,630,411 153,322,585 140,799,448 6.07 8.89
Sumatera 15,971,139 14,588,662 13,062,339 9.48 11.68
East Java 13,668,706 13,556,931 12,439,098 0.82 8.99
West Java 10,875,053 10,417,192 9,423,219 4.40 10.55
Central Java 7,664,325 7,237,093 8,236,355 5.90 (12.13)
East Indonesia 7,140,302 6,794,087 6,731,731 5.10 0.93
Others 10,053,059 7,453,320 5,918,824 34.88 25.93
Total 228,002,995 213,369,870 196,611,014 6.86 8.52
LOANS BASED ON UTILIZATION TYPE
The Bank’s loan disbursement portfolio is diversified, allowing for effective risk management. In 2024, working capital
loans contributed 42.58% of CIMB Niaga’s total loan, followed by consumption loans (33.70%) and investment loans
(23.73%).
(in million Rupiah)
Growth (%)
Loans Based on Utilization Type 2024 2023 2022
2023-2024 2022-2023
Working Capital 97,064,165 90,408,583 81,012,354 7.36 11.60
Investment 54,103,162 49,995,121 46,890,177 8.22 6.62
Consumption 76,835,668 72,966,166 68,708,483 5.30 6.20
Total 228,002,995 213,369,870 196,611,014 6.86 8.52
LOANS BASED ON ECONOMIC SECTORS
The industrial sector; consumption; property; trade, restaurants, hotelsproperty; administration; and business services
are the five economic sectors that contributed more than 78.86% of CIMB Niaga’s loan portfolio. These five sectors
represented most of CIMB Niaga’s total loan portfolio by economic sector in 2024, contributing 17.91%, 17.06%,
16.64%,15.12%, and 12.12%, respectively.
(in million Rupiah)
Growth (%)
Loans Based on Economic Sectors 2024 2023 2022
2023-2024 2022-2023
Manufacturing 40,843,871 38,365,381 37,941,652 6.46 1.12
Consumption 38,902,641 34,076,602 30,400,259 14.16 12.09
Property 37,933,027 38,889,564 38,308,224 (2.46) 1.52
Trading, restaurant, hotels, and administration 34,481,317 32,836,895 30,872,171 5.01 6.36
Business services 27,640,175 24,252,082 17,186,361 13.97 41.11
Agriculture 13,620,817 11,980,044 11,185,251 13.70 7.11
Others 34,581,147 32,969,302 30,717,096 4.89 7.33
Total 228,002,995 213,369,870 196,611,014 6.86 8.52
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LOANS BASED ON SEGMENTATION
Based on business segmentation, Corporate Banking, representing 39.71% of total loans disbursed by CIMB Niaga,
increased 8.29% to Rp90.5 trillion in 2024 from Rp83.6 trillion in 2023. Consumer Banking contributed 33.22% of CIMB
Niaga’s total loans, an increase of 5.44% to Rp75.8 trillion from Rp71.8 trillion. Subsequently, EBB (Emerging Business
Banking) increased by 9.10% to Rp27.2 trillion. Meanwhile, Commercial Banking increased by 4.62% to Rp34.5 trillion
from Rp33.0 trillion in 2023.
Loans Based on Segmentation
(in trillion Rupiah)
67.2 74.7 71.8 83.6 75.8 90.5
22.8 24.9 27.2
31.9 33.0 34.5
2022 2023 2024
Corporate Banking Commercial Banking EBB Consumer Banking
NON-PERFORMING LOANS
The number of non-performing loans (NPLs) 2024 decreased by 3.92% to Rp4.0 trillion from Rp4.2 trillion in 2023. This
was due to continuing domestic economic growth and a better collection process in 2024. CIMB Niaga’s gross NPL ratio
decreased from 2.0% in 2023 to 1.8% in 2024 following an increase in loan disbursement and improvement of asset quality.
(in million Rupiah)
Growth (%)
NPL based on Collectibility 2024 2023 2022
2023-2024 2022-2023
Sub-standard 583,437 482,810 745,675 20.84 (35.25)
Doubtful 600,377 760,489 662,600 (21.05) 14.77
Loss 2,810,932 2,914,251 4,048,106 (3.55) (28.01)
Total 3,994,746 4,157,550 5,456,381 (3.92) (23.80)
The gross NPL ratio for Corporate Banking, Commercial Banking, and EBB remained under control and has improved to
0.0%, 3.4%, and 4.1%, respectively, in 2024, compared to 2023 of 0.5%, 4.1%, and 4.6%. Meanwhile, NPL from Consumer
Banking increased from 1.7% in 2023 to 2.3% in 2024.
NPL Gross Ratio (%) by Segment
7.7
5.2
4.6
4.1
4.1
Corporate Banking
3.4
2.0
Commercial Banking
1.7 2.3
0.7 EBB
0.5
0.0 Consumer Banking
2022 2023 2024
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In 2024, the sectors with the most significant contribution of non-performing loans were trading, restaurants, hotels, and
administration (28.92%), property (25.46%), and consumption (17.81%).
2024 2023 2022
NPL based on Economic Sector
Rp million % Rp million % Rp million %
Trading, restaurants, hotels, and administration 1,155,398 28.92 1,220,659 29.36 2,171,675 39.80
Manufacturing 356,347 8.92 932,712 22.43 1,196,668 21.93
Property 1,017,259 25.46 784,788 18.88 846,948 15.52
Consumption 711,366 17.81 483,601 11.63 493,717 9.05
Construction 104,456 2.61 124,104 2.99 147,374 2.70
Business services 476,987 11.94 446,486 10.74 421,450 7.72
Agriculture 74,609 1.87 87,270 2.10 103,530 1.90
Transportation, warehouse, and communication 56,038 1.40 39,933 0.96 44,688 0.82
Social services 11,726 0.29 7,436 0.18 5,936 0.11
Mining 15,013 0.38 15,013 0.36 16,526 0.30
Electricity, gas, and water 15,547 0.39 15,548 0.37 7,869 0.14
Total 3,994,746 100.00 4,157,550 100.00 5,456,381 100.00
IMPAIRED LOANS
In 2024, CIMB Niaga’s impaired loans were recorded at Rp9.2 trillion, a decrease from Rp11.0 trillion in 2023. In line with
these conditions, the impaired loan ratio decreased to 4.06% in 2024 from 5.14% in 2023.
Management believed that the established impairment losses allowance was adequate to cover potential losses arising
from uncollectible loans. In 2024, the allowance for loan impairment losses was Rp10.7 trillion; in 2023, it was Rp12.0
trillion. The impaired LLC ratio was 115.35% in 2024 and 109.95% in 2023.
CIMB Niaga recorded the following movements in allowances for impairment losses:
(in million Rupiah)
Growth (%)
Movement in Allowances for Impairment Losses 2024 2023 2022
2023-2024 2022-2023
Beginning balance 12,047,483 13,197,385 13,135,634 (8.71) 0.47
Impairment during the year 1,777,819 2,023,909 3,444,061 (12.16) (41.23)
Recovery of written-off loans during the year 1,215 33,708 47,244 (96.40) (28.65)
Write-offs during the year (2,022,193) (2,456,176) (2,536,504) (17.67) (3.17)
Others *
(1,150,924) (751,343) (893,050) 53.18 (15.87)
Ending balance 10,653,400 12,047,483 13,197,385 (11.57) (8.71)
Includes difference in exchange rates due to foreign currency translation and non-performing loans sale
*
COMPLIANCE WITH BI REQUIREMENTS FOR LOANS
In 2024, the amount of MSME loans was Rp27.0 trillion, an increase from Rp22.8 trillion in 2023. The ratio of MSME loans
to total consolidated loans was 12.38%, an increase from 11.05% in the previous year. This ratio was calculated using Bank
Indonesia Regulation No. 23/13/PBI/2021, which was revised by PBI No. 24/3/PBI/2022 regarding the Macroprudential
Inclusive Financing Ratio (MIFR) for Conventional Commercial Banks, Sharia Commercial Banks, and Sharia Business
Units.
OJK issued Regulation No. 32/POJK.03/2018 regarding “Legal Lending Limit and Provision of Large Funds for Commercial
Banks,” which was effective on 1 June 2019 and was amended with POJK No. 38/POJK.03/2019, which went into effect on 1
January 2020. The regulation determines a maximum lending limit for one or more non-related party debtors that cannot
exceed 25% of the Bank’s core capital. As of 31 December 2024, 2023, and 2022, there were no breaches or violations of
the Legal Lending Limit (LLL) requirements for either related parties or third parties.
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ASSET QUALITY COMMITTEE The Asset Quality Committee’s duties and responsibilities
Loan impairment can be calculated using both individual include evaluating the quality of CIMB Niaga’s assets to
and collective assessments. Collective assessments ensure they remain consistent with the company’s overall
evaluate the impairment value of a group of loans risk appetite, and determining a list of debtor names
which has similar characteristic and risk based on the classified as Individual Assessments. The Committee
estimated level of risk, the loan group’s historical loss effectively improves asset quality and slows the growth of
rate, macroeconomics assumption and the duration of non-performing assets. It also determines the allowance
the loss event in a small group until objective evidence for impairment losses on debtors, which are classified as
can be identified. Individual assessments are based individual assessments based on the debtor’s financial
on an estimated revocable amount. The Asset Quality and current condition.
Committee evaluates individual assessments each month.
Non-Significant Loan Significant Loan
Yes Yes
Asset Quality
Objective Proof of Objective Proof of Loan Individual
Committee
Impairment Impairment Assessment
Agreement
No
Loan Collective
Assessment
No
THE STRATEGY TO IMPROVE ASSET QUALITY
Niaga uses both preventative and “after-the-fact” strategies to improve asset quality. CIMB Niaga’s preventive strategy
includes updating its framework, developing tools to integrate loan risk assessments into CIMB Niaga’s business
processes using ratings and scorecards for loan decisions, liquidity risk assessments, operational risk measurement,
and loan RWA calculations based on an internal rating approach through system development within the framework of
implementing Basel II and III as well as continuing to provide training to improve the capabilities of the credit analyst
team.
One of the “after-the-fact” strategies is to improve the collection system, auction platforms, and loan recoveries, such
as selling foreclosed assets (AYDA) and collaborating with labor service providers like Tele-Recovery. In addition, CIMB
Niaga is committed to enhancing the Bank’s risk culture.
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FIXED ASSETS
CIMB Niaga recorded fixed assets of Rp8.8 trillion in 2024, a decrease of 0.02%, or Rp1.5 billion, from Rp8.8 trillion
in 2023. The decrease was caused by a Rp373.3 billion reduction in buildings, including renovations and installations.
This was followed by a Rp278.4 billion increase in accumulated depreciation, compensated by an increase in intangible
assets of Rp512.2 billion and assets in progress of Rp205.6 billion.
Fixed assets support CIMB Niaga’s operational activities. In 2024, PT Lippo General Insurance Tbk insured CIMB Niaga’s
fixed assets, which include buildings and motorized vehicles, have been insured for fire, theft, and other risks by with a
coverage value of Rp7.7 trillion and USD5.3 million. Management believes the insurance amount is sufficient to cover any
potential losses on the insured assets. CIMB Niaga and Subsidiaries do not use fixed assets as loan collateral.
(in million Rupiah)
Growth (%)
Fixed Assets 2024 2023 2022
2023-2024 2022-2023
Cost
Land 3,555,225 3,602,699 3,591,997 (1.32) 0.30
Buildings, including renovation and installation 2,610,121 2,983,451 2,964,266 (12.51) 0.65
Office equipment, machines, and furniture 2,827,439 2,761,732 2,736,142 2.38 0.94
Motor vehicles 28,909 29,807 70,423 (3.01) (57.67)
Asset in progress – fixed assets 391,273 185,638 381,525 110.77 (51.34)
Intangible assets 4,261,469 3,749,297 3,826,289 13.66 (2.01)
Asset in progress – intangible assets 532,323 617,296 427,832 (13.77) 44.28
Accumulated depreciation
Buildings, including renovation and installation (759,332) (995,997) (989,573) (23.76) 0.65
Office equipment, machines, and furniture (1,833,878) (1,778,455) (1,650,157) 3.12 7.77
Motor vehicles (16,262) (14,139) (56,955) 15.01 (75.17)
Intangible assets (2,749,412) (2,291,937) (2,177,301) 19.96 5.27
Total 8,847,875 8,849,392 9,124,488 (0.02) (3.01)
OTHER ASSETS
Other assets include several accounts other than those listed above. In 2024, CIMB Niaga’s other assets were valued
at Rp17.4 trillion, an increase of 18.12%, or Rp2.7 trillion, from Rp14.7 trillion in 2023. This increase was mainly due to
acceptance receivables of Rp1.7 trillion and tax advances of Rp1.3 trillion.
(in million Rupiah)
Growth (%)
Other Assets 2024 2023 2022
2023-2024 2022-2023
Derivative receivables 1,184,890 849,014 969,308 39.56 (12.41)
Acceptance receivables 2,751,967 1,093,453 2,086,763 151.68 (47.60)
Investments 23,143 3,659 3,659 532.50 -
Foreclosed assets 419,166 236,480 234,552 77.25 0.82
Prepaid taxes 3,192,348 1,928,984 1,384,932 65.49 39.28
Accrued income 3,027,711 3,414,197 2,923,768 (11.32) 16.77
Prepaid expenses 1,218,479 1,195,194 1,119,629 1.95 6.75
Deferred tax assets 117,989 1,377,659 1,685,800 (91.44) (18.28)
Other assets 5,467,136 4,634,033 6,245,866 17.98 (25.81)
Total 17,402,829 14,732,673 16,654,277 18.12 (11.54)
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DERIVATIVE RECEIVABLES PREPAID EXPENSES
In 2024, derivative receivables increased by 39.56%, or Prepaid expenses increased by Rp23.3 billion to Rp1.22
Rp335.9 billion, to Rp1.2 trillion from Rp849.0 billion last year. trillion over the previous year, which was Rp1.20 trillion.
This increase was mainly due to interest rate swaps, which This was mainly due to an increase in prepaid incentives of
increased by Rp441.8 billion, compensating for a decrease in Rp29.4 billion and customer gifts of Rp19.0 billion, offset
foreign currency swaps, which decreased by Rp207.2 billion. by a decrease in buildings, maintenance, and renovation
of Rp28.9 billion.
ACCEPTANCE RECEIVABLES
Acceptance receivables increased by Rp1.7 trillion to Rp2.8 DEFERRED TAX ASSETS
trillion from Rp1.1 trillion last year. This increase was mainly due Deferred tax assets decreased by Rp1.3 trillion to Rp118.0
to an increase of Rp880.2 billion in acceptance receivables in billion at the end of 2024, from Rp1.4 trillion in the previous
Rupiah currency, followed by an increase of Rp779.5 billion in year. The decrease in deferred tax assets was mainly due
acceptance receivables in foreign currencies. to the implementation of the Regulation of the Minister
of Finance of the Republic of Indonesia Number 74 of
CAPITAL INVESTMENTS 2024 (MoF-74 of year 2024). Based on the regulation, the
CIMB Niaga invests mainly in Indonesian venture banks. beginning balance of allowance for impairment lossess
Its capital investment in 2024 was Rp23.1 billion, an for Fiscal Year 2024 that is calculated based on MoF-
increase from Rp3.7 billion compared to the previous year. 74 of year 2024 is higher than the beginning balance of
allowance for impairment lossess for Fiscal Year 2024
FORECLOSED ASSETS that is calculated based on the Regulation of the Minister
Foreclosed assets (AYDA) increased by Rp182.7 billion to of Finance of the Republic of Indonesia Number 81 of
Rp419.2 billion in 2024, an increase from Rp236.5 billion in 2009 (MoF-81 of year 2009).
2023. CIMB Niaga continues to try to settle the foreclosed
assets that are in its possession. The provision for losses on OTHER ASSETS
impaired foreclosed assets amounted to Rp263.2 billion. Other assets increased by Rp833.1 billion to Rp5.5 trillion
Management believes the provision is adequate to cover in 2024, an increase from Rp4.6 trillion in the previous year.
any potential losses on the foreclosed assets. This increase was primarily due to Salam Receivables,
which increased by Rp1.2 trillion, compensating for the
PREPAID TAXES Rp599.4 billion decrease in receivables from ATM and
Prepaid taxes increased by 65.49%, or Rp1.3 trillion, to credit card transactions.
Rp3.2 trillion. The increase was mainly due to increased
prepaid corporate income taxes for 2024, amounting LIABILITIES
to Rp1.3 trillion, balanced by a decrease in subsidiary CIMB Niaga is diversifying its funding sources in a
income tax advances of Rp70.7 billion. sustainable manner, which is sourced from customer
deposits, deposits from other banks, borrowings, and
ACCRUED INCOME the issuance of corporate bonds. This is in line with the
Accrued income decreased by Rp386.5 billion to Rp3.0 Bank’s focus on raising funds at lower costs, including
trillion from the previous year of Rp3.4 trillion. The through current accounts and savings accounts. The
decrease was due to a reduction in interest receivables low-cost funds (CASA) ratio increased to 66.02% in
from loans disbursed of Rp244.9 billion, as well as a 2024 from 63.86% the previous year, indicating that
decrease in interest receivables from placements with CIMB Niaga continued to effectively manage customer
other banks and Bank Indonesia, marketable securities, deposits.
government bonds, and securities purchased under
resale agreements of Rp141.6 billion.
(in million Rupiah)
Growth (%)
Liabilities 2024 2023 2022
2023-2024 2022-2023
Customer Deposits 260,639,027 235,861,670 227,188,557 10.51 3.82
Deposits from Other Banks 5,959,468 1,760,447 2,506,012 238.52 (29.75)
Marketable Securities Issued* 12,976,415 22,724,528 7,767,665 (42.90) 192.55
Subordinated Loans 74,514 155,619 228,311 (52.12) (31.84)
Borrowings 8,487,935 6,288,525 3,425,409 34.97 83.58
Other Liabilities 18,886,824 18,241,073 20,362,082 3.54 (10.42)
Total Liabilities 307,024,183 285,031,862 261,478,036 7.72 9.01
*
including repo securities
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CUSTOMER DEPOSITS
In 2024, the total of the Bank’s customer deposits was recorded at Rp260.6 trillion, an increase of 10.51% from Rp235.9
trillion in 2023. Current Accounts contributed the largest amount to savings from Bank customers at 35.22%, or Rp91.8
trillion, an increase of 25.39% from the previous year of Rp73.2 trillion.
Customer deposits from savings accounts increased by 3.68% to Rp80.3 trillion, while current accounts increased by
25.39% to Rp91.8 trillion. CIMB Niaga’s low-cost funds (CASA) ratio increased to 66.02% from the previous year of
63.86%. This achievement is aligned with CIMB Niaga’s target of obtaining low-cost funding (CASA) for loan disbursement.
Various initiatives and programmes, such as direct promotion and product bundling, as well as improvements to the
customer experience, are expected to boost low-cost funding.
(in million Rupiah)
Growth (%)
Customer Deposits 2024 2023 2022
2023-2024 2022-2023
Current Accounts 91,788,134 73,201,803 70,340,016 25.39 4.07
Savings Accounts 80,279,071 77,430,824 74,085,536 3.68 4.52
Time Deposit 88,571,822 85,229,043 82,763,005 3.92 2.98
Total 260,639,027 235,861,670 227,188,557 10.51 3.82
CUSTOMER DEPOSIT BY CURRENCY
In 2024, the majority of CIMB Niaga’s customer deposits were still in Rupiah accounts, contributing to 82.97%, or Rp216.3
trillion. The remaining 17.03%, or Rp44.4 trillion, were in foreign currency. This composition has not changed significantly
from the previous year, when the percentage of customer deposits in Rupiah and foreign currency denominations was
83.77% and 16.23%, respectively.
(in million Rupiah)
Growth (%)
Customer Deposits by Currency 2024 2023 2022
2023-2024 2022-2023
Rupiah 216,253,801 197,576,309 187,661,364 9.45 5.28
Foreign Currencies 44,385,226 38,285,361 39,527,193 15.93 (3.14)
Total 260,639,027 235,681,670 227,188,557 10.51 3.82
COMPOSITION OF TIME DEPOSITS BY MATURITY
In 2024, CIMB Niaga’s time deposit products were well-diversified. Time deposits with maturities of >1 - ≤3 months
contributed the largest amount, which was 37.17% or Rp32.9 trillion. The contribution was followed by time deposits with
a term of > 12 months, which contributed 28.22%, or Rp25.0 trillion. Time deposits with terms >3 - ≤6 months, ≤ 1 month,
and >6 - <12 months reached Rp16.0 trillion, Rp7.9 trillion, and Rp6.8 trillion, respectively.
(in million Rupiah)
Growth (%)
Time Deposits by Maturity 2024 2023 2022
2023-2024 2022-2023
≤ 1 month 7,880,838 5,644,249 6,203,160 39.63 (9.01)
> 1 - ≤ 3 months 32,923,463 25,113,626 39,328,084 31.10 (36.14)
> 3 - ≤ 6 months 15,996,897 22,054,914 9,756,680 (27.47) 126.05
> 6 - ≤ 12 months 6,771,501 6,398,290 6,042,975 5.83 5.88
> 12 months 24,999,123 26,017,964 21,432,106 (3.92) 21.40
Total Time Deposit 88,571,822 85,229,043 82,763,005 3.92 2.98
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Composition of Time Deposits
by Maturity
(%)
25.89 28.22
30.52
7.30 7.64
7.50 > 12 months
11.78
18.06
25.87
> 6 - ≤ 12 months
> 3 - ≤ 6 months
47.51 37.17
29.46 > 1 - ≤ 3 months
7.49 6.62 8.89 ≤ 1 month
2022 2023 2024
The average annual interest rate on customer deposits is as follows:
(in %)
2024 2023 2022
Customer Deposits Foreign Foreign Foreign
Rupiah Rupiah Rupiah
Currencies Currencies Currencies
Current Accounts 3.17 1.71 2.39 0.98 1.78 0.22
Savings Accounts 3.01 1.16 2.22 0.95 1.52 0.31
Time Deposits 5.83 3.26 5.13 2.60 3.26 0.87
CUSTOMER DEPOSITS BY SEGMENTATION
In 2024, customer deposits increased across all segments, with Corporate, Commercial, EBB, and Consumer Banking
increasing by 23.25%, 18.51%, 17.84%, and 0.08%, to Rp75.1 trillion, Rp25.4 trillion, Rp43.2 trillion, and Rp116.9 trillion,
respectively.
(in trillion Rupiah)
Growth (%)
Customer Deposits 2024 2023 2022
2023-2024 2022-2023
Corporate Banking 75.1 61.0 68.8 23.25 (11.34)
Commercial Banking 25.4 21.4 17.9 18.51 19.98
EBB 43.2 36.7 35.3 17.84 4.11
Consumer Banking 116.9 116.8 105.3 0.08 10.88
Total 260.6 235.9 227.2 10.51 3.82
Composition of Customer Deposits by Segmentation
(%)
46.35 30.26 49.50 25.84 44.83 28.82
9.09
9.75
7.87
15.56 16.59
15.52
2022 2023 2024
Corporate Banking Commercial Banking EBB Consumer Banking
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DEPOSITS FROM OTHER BANKS
CIMB Niaga recorded total deposits from other banks of Rp6.0 trillion in 2024, an increase of 238.52% from the previous
year, which was Rp1.8 trillion. The increase in deposits from other banks was mainly due to the lack of Rp2.4 trillion in
interbank call money placement in 2024. Current accounts from other banks contributed to the majority of deposits from
other banks, with a portion of 52.22%.
(in million Rupiah)
Growth (%)
Deposits from Other Banks 2024 2023 2022
2023-2024 2022-2023
Current Accounts 3,112,052 1,491,830 1,129,050 108.61 32.13
Savings Accounts 16,522 13,965 17,813 18.31 (21.60)
Interbank call money 2,395,000 - 1,100,000 100.00 (100.00)
Time deposits, deposits on call, 435,894
254,652 259,149 71.17 (1.74)
mudharabah time deposits
Total 5,959,468 1,760,447 2,506,012 238.52 (29.75)
DEPOSITS FROM OTHER BANKS BY CURRENCY
Deposits from other banks were dominated by deposits in Rupiah. In 2024, deposits from other banks denominated in
Rupiah increased by 238.86%, from Rp3.5 trillion to Rp5.0 trillion. Furthermore, deposits from other banks in foreign
currencies increased by 236.70%, reaching Rp935.3 billion. In 2024, the composition of deposits in Rupiah and foreign
currencies contributed to 84.31% and 15.69% of total deposits, respectively.
Composition of Deposits from Other Banks by Currency(%)
11.34 15.78 15.69
88.66
84.22 84.31
Foreign Currencies
Rupiah
2022 2023 2024
ISSUED SECURITIES
As of 31 December 2024, CIMB Niaga still had bonds recorded but not yet matured, including:
Bond Name Nominal (billion) Nisbah/Coupon Issuance Date Maturity Date
Sustainable Sukuk Rp391.0 Nisbah of 18.13% (eighteen point one 27 March 2020 27 March 2025
Mudharabah I CIMB (Series C) three percent) of the revenue sharing,
Niaga Bank Phase III with an indication of profit sharing per
Year 2020 year equivalent to 7.25% (seven point two
five percent).
Sukuk Wakalah Bi Rp300.0 7.15% 8 February 2023 8 February 2026
Al- Istitsmar I CIMB (Series B)
Niaga Auto Finance
Year 2023
Sustainable Sukuk Rp710.0 6.80% 9 July 2024 19 July 2025
Wakalah Bi Al-Istitsmar (Series A)
I CIMB Niaga Auto
Finance Year 2024
Sustainable Sukuk Rp290.0 7.10% 9 July 2024 19 July 2027
Wakalah Bi Al-Istitsmar (Series B)
I CIMB Niaga Auto
Finance Year 2024
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The rating of securities issued by CIMB Niaga based on PT Pefindo’s credit rating in 2024 was idAAA, and the rating of
securities issued by Subsidiaries based on PT Fitch Ratings’ credit rating was AAidn. In 2024, there were also bonds that
matured as follows:
Bond Name Nominal (billion) Nisbah/Coupon Issuance Date Maturity Date
Sustainable Sukuk Rp429.0 (Series C) Nisbah of 20.63% of the revenue sharing, 21 August 2019 21 August 2024
Mudharabah I CIMB with an indication of profit sharing per
Niaga Bank Phase II year equivalent to 8.25%.
Year 2019
Sustainable Bond Rp481.0 (Series C) 7.80% 19 December 2019 19 December 2024
III CIMB Niaga bank
Phase I Year 2019
Sukuk Wakalah Bi- Rp700.0 (Series A) 6.25% 8 February 2023 18 February 2024
AllIstitsmar I CIMB
Niaga Auto Finance
Year 2023
With the maturity of bonds and the issuance of Sukuk as mentioned above, the total issued securities that have not yet
matured at the end of 2024 is Rp1.7 trillion, a 26.56% decrease from Rp2.3 trillion in 2023.
SUBORDINATED LOANS
In 2024, the total subordinated bond that has not yet matured is Rp74.5 billion, a 52.12% decrease from the position
in 2023, which was Rp155.6 billion. The decrease in subordinated bonds was caused by the maturity of CIMB Niaga
Bank’s Sustainable Subordinated Bond Phase I Year 2019 of Rp83.0 billion on 19 December 2024. CIMB Niaga Bank’s
Subordinated Bond rating in 2024 is idAA from PT Pemeringkat Efek Indonesia (Pefindo).
As of 31 December 2024, the following subordinate bonds had not yet matured:
Bond Name Nominal (billion) Nisbah/Coupon Issuance Date Maturity Date
Subordinated Bond III Rp75.0 (Series B) 10.00% 15 November 2018 15 November 2025
CIMB Niaga Bank Year
2018
MARKETABLE SECURITIES SOLD UNDER REPURCHASE AGREEMENTS (REPO SECURITIES)
In 2024, the amount of repo securities reached Rp11.3 trillion, a 44.73% decrease from the position in 2023, which
was Rp20.4 trillion. Securities sold under a repurchase agreement with Bank Indonesia as a counterparty amounted to
Rp8.2 trillion, and Rp3.1 trillion came from other bank counterparts.
BORROWINGS
The Bank’s borrowings were derived from CIMB Niaga Bank and its subsidiaries in other banks.
In 2024, these borrowings reached Rp8.5 trillion, increasing by 34.97% compared to the position in 2023, which amounted
to Rp6.3 trillion, with borrowings in Rupiah accounting for 81.04% and the remaining 18.96% in foreign currencies.
(in million Rupiah)
Growth (%)
Borrowings 2024 2023 2022
2023-2024 2022-2023
Rupiah 6,878,435 3,825,005 3,425,409 79.83 11.67
Foreign Currencies 1,609,500 2,463,520 - (34.67) 100.00
Total 8,487,935 6,288,525 3,425,409 34.97 83.58
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OTHER LIABILITIES
CIMB Niaga’s other liabilities in 2024 amounted to Rp18.9 trillion, an increase of 3.54% from the previous year’s position
of Rp18.2 trillion. This increase was mainly due to an increase in acceptance liabilities of Rp1.7 trillion, which was balanced
by a decrease in accrued expenses of Rp892.0.
(in million Rupiah)
Growth (%)
Other Liabilities 2024 2023 2022
2023-2024 2022-2023
Acceptance payables 2,761,800 1,102,091 2,106,596 150.60 (47.68)
Accrued expenses 2,420,531 3,312,528 4,148,630 (26.93) (20.15)
Immediate payables 4,473,871 3,581,921 3,705,094 24.90 (3.32)
Employee benefit obligations 1,609,404 1,540,595 1,462,022 4.47 5.37
Taxes payables 347,275 434,853 524,343 (20.14) (17.07)
Derivative liabilities 906,630 540,051 701,179 67.88 (22.98)
Other Liabilities 6,367,313 7,729,034 7,714,218 (17.62) 0.19
Total 18,886,824 18,241,073 20,362,082 3.54 (10.42)
ACCEPTANCE PAYABLE TAX PAYABLES AND DEFERRED TAX LIABILITIES
Acceptance payables increased by Rp1.7 trillion to Rp2.8 Tax payable was recorded at Rp347.3 billion, a decrease
trillion from Rp1.1 trillion in the previous year. The increase of 20.14% or Rp87.6 billion, amounting to Rp434.9 billion.
was mainly derived from an increase in acceptance The decrease was mainly due to Rp126.7 billion in income
payables in Rupiah of Rp880.2 billion and acceptance tax under Articles 4 (2), 21, 23, and 26. In 2024, there
payables in foreign currency of Rp779.5 billion. were no deferred tax liabilities.
ACCRUED EXPENSES AND INTEREST EXPENSES DERIVATIVE LIABILITIES
Accrued expenses decreased by 26.93%, or Rp892.0 Derivative liabilities increased by 67.88%, or Rp366.6
billion, to Rp2.4 trillion from the previous year of Rp3.3 billion, to Rp906.6 billion, compared to Rp540.1 billion
trillion. The majority of accrued expenses mainly came in the previous year. The decrease was mainly due to an
from third parties. increase in foreign currency swaps of Rp206.8 billion and
interest rate swaps of Rp98.4 billion.
PAYABLE ON DEMAND
Payable on Demand increased by 24.90%, or Rp892.0 OTHER LIABILITIES
billion, to Rp4.5 trillion from the previous year of Rp3.6 Other liabilities decreased slightly by 17.62%, or Rp1.4
trillion. The increase was mainly due to liabilities resulting trillion, to Rp6.4 trillion from Rp7.7 trillion in the previous
from the transfer of Rp801.4 billion and the purchase of year. This decrease was mainly due to Rp702.6 billion in
securities, government bonds, and others of Rp484.9 advance commissions and a Rp206.3 billion allowance for
billion. impairment losses on commitments and contingencies.
EMPLOYEE BENEFIT OBLIGATION EQUITY
Employee benefit obligations were recorded at Rp1.6 CIMB Niaga’s total equity in 2024 increased by 7.82%
trillion, an increase of 4.47%, or Rp68.8 billion. This was over the previous year, an increase from Rp49.3 trillion
mainly due to the increase in accrued bonus payments, to Rp53.2 trillion. The increase in equity was mainly due
which amounted to Rp10.9 billion, and an increase in other to an increase in retained earnings of Rp3.7 trillion, which
post-employment benefit obligations of Rp57.9 billion. was attributed to the Bank’s net income in 2024.
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(in million Rupiah)
Growth (%)
Equity 2024 2023 2022
2023-2024 2022-2023
Share Capital 1,612,787 1,612,257 1,612,257 0.03 -
Additional Paid-in Capital 7,135,003 7,068,257 7,033,450 0.94 0.49
Treasury shares (5,649) (135,104) (249,459) (95.82) (45.84)
Reserve on revaluation of fixed assets 4,176,647 4,181,209 4,180,033 (0.11) 0.03
General and Statutory Reserves 371,525 351,538 351,538 5.69 -
Unrealized (Loss)/Gain on marketable securities (963,166) (879,270) (1,148,728) 9.54 (23.46)
that are available for sale
Other equity 55,271 101,400 101,382 (45.49) 0.02
Retained earnings 40,616,769 36,892,257 33,311,417 10.10 10.75
Non-controlling interest 197,140 144,827 84,373 36.12 71.65
Total Equity 53,196,327 49,337, 371 45,276,263 7.82 8.97
SHARES CAPITAL AND ADDITIONAL PAID-IN CAPITAL UNREALIZED (LOSS)/GAINS ON MARKETABLE
In 2024, CIMB Niaga recorded a share capital of Rp1.6 SECURITIES AND GOVERNMENT BONDS IN THE FAIR
trillion, an increase of 0.03% over the previous year. VALUE GROUP THROUGH OTHER COMPREHENSIVE
Additional paid-in capital increased slightly by 0.94%, or INCOME
Rp66.7 billion In 2024, unrealized gains/(losses) on securities in the
fair value group through other comprehensive income
TREASURY SHARES increased in losses by 9.54%, or Rp83.9 billion, to a loss
In 2024, Treasury Shares decreased by Rp129.5 billion, of Rp963.2 billion, an increase from Rp879.3 billion in the
or 95.82%, from their position in 2023. The number of previous year.
Treasury shares granted to employees through the
MRT (Material Risk Taker) program was 2,946,600 in OTHER EQUITY
2024 and 2,528,200 in 2023. Meanwhile, in the MESOP In 2024, CIMB Niaga recorded a decrease in other equity
program, for the remaining treasury shares that are by 45.49%, or Rp46.2 billion, to Rp55.3 billion, a decrease
not executed in the MESOP program, during 2024, from Rp101.4 billion in the previous year, which was
CIMB Niaga transfered treasury shares of 100,148,782 entirely due to an increase in share-based compensation
shares through the stock exchange in accordance with reserves.
applicable regulations.
RETAINED EARNINGS
RESERVE ON REVALUATION OF FIXED ASSETS Retained Earnings increased by 10.10%, or Rp3.7 trillion,
In 2024, a revaluation of fixed asset, land and building to Rp40.6 trillion from the previous year of Rp36.9 trillion.
was not conducted by CIMB Niaga. This includes the distribution of cash dividends of Rp3.1
trillion based on the Bank’s net profit for the fiscal year
GENERAL AND STATUTORY RESERVES 2023.
In 2024, CIMB Niaga’s general and mandatory reserves
increased by Rp20.0 billion, to Rp371.5 billion, from NON-CONTROLLING INTEREST
Rp351.5 billion in 2023. The general and statutory The non-controlling interest balance increased by
reserves were made in accordance with Law No. 1/1995 of Rp52.3 billion to Rp197.1 billion from Rp144.8 billion in
the Republic of Indonesia, which was replaced by Law No. the previous year, in line with the increase in Subsidiaries’
40/2007, effective 16 August 2007, concerning Limited profit.
Liability Companies, which requires companies to set
general reserves of at least 20% of their total issued and
fully paid-up capital. The law does not specify the time
period for this allowance.
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Consolidated Statements of Profit and Loss
and Other Comprehensive Income
(in million Rupiah)
Consolidated Statements of Profit and Loss and Growth (%)
2024 2023 2022
Other Comprehensive Income 2023-2024 2022-2023
Interest and sharia income 24,227,316 22,306,000 19,114,194 8.61 16.70
Interest and sharia expenses (10,960,776) (8,953,617) (5,638,056) 22.42 58.81
Net Interest and Sharia Income 13,266,540 13,352,383 13,476,138 (0.64) (0.92)
Other fees and commissions 3,002,087 3,154,830 2,413,405 (4.84) 30.72
Foreign exchange gains/(losses) 764,866 176,255 (472,930) 333.95 (137.27)
Others 931,979 479,126 754,733 94.52 (36.52)
Total other operating income 4,698,932 3,810,211 2,695,208 23.32 41.37
Gains from trading financial instruments 465,526 1,097,419 1,953,932 (57.58) (43.84)
Gains from sales of marketable securities 486,538 525,507 740,443 (7.42) (29.03)
Total non-interest income 5,650,996 5,433,137 5,389,583 4.01 0.81
Total non-interest income (BAU) *
5,650,996 5,433,137 5,389,583 4.01 0.81
Impairment losses on financial and non-financial (1,805,250) (2,006,613) (3,813,709) (10.03) (47.38)
assets
Personnel expenses (5,135,231) (4,947,412) (4,675,107) 3.80 5.82
General and administrative expenses (3,204,195) (3,216,291) (3,475,341) (0.38) (7.45)
Promotion expenses (409,973) (419,824) (333,202) (2.35) 26.00
Total other operating expenses (8,749,399) (8,583,527) (8,483,650) 1.93 1.18
Total other operating expenses (BAU) **
(8,749,399) (8,583,527) (8,483,650) 1.93 1.18
Net Operating income 8,362,887 8,195,380 6,568,362 2.04 24.77
Non-operating income - net 365,900 161,892 10,970 126.01 1.375.77
Profit before tax 8,728,787 8,357,272 6,579,332 4.45 27.02
Income tax expense (1,829,853) (1,805,871) (1,482,561) 1.33 21.81
Net Income 6,898,934 6,551,401 5,096,771 5.30 28.54
Income before income tax (BAU) 8,728,787 8,357,272 6,579,332 4.45 27.02
Income tax expense (BAU) (1,829,853) (1,805,871) (1,482,561) 1.33 21.81
Net Income (BAU) 6,898,934 6,551,401 5,096,771 5.30 28.54
Other comprehensive income net of tax (89,119) 248,796 (904,213) (135.82) (127.52)
Total comprehensive income 6,809,815 6,800,197 4,192,558 0.14 62.20
*
Excludes revenue from strategic partners
**
Excludes personnel expenses
INTEREST AND SHARIA INCOME
(in million Rupiah)
Growth (%)
Interest and Sharia Income 2024 2023 2022
2023-2024 2022-2023
Loans 17,961,129 16,817,788 14,567,485 6.80 15.45
Marketable securities and government bonds 5,876,186 4,763,147 4,084,102 23.37 16.63
Placements and current accounts with other 353,947 428,230 288,798 (17.35) 48.28
banks and Bank Indonesia
Others 36,054 296,835 173,809 (87.85) 70.78
Total 24,227,316 22,306,000 19,114,194 8.61 16.70
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CIMB Niaga managed to record Rp24.2 trillion in interest Rp5.9 trillion, compared to Rp4.8 trillion in the previous
and sharia income in 2024, an increase of 8.61% from year. This was consistent with an increase in the average
Rp22.3 trillion in 2023. This achievement was primarily balance of marketable securities and government bonds.
due to an increase in loan interest income of 6.80% to
Rp18.0 trillion from Rp16.8 trillion in the previous year. Interest and Sharia Income Composition
(%)
The average interest rate for Rupiah loans in 2024 was
1.46 0.15
8.32%, a slight decrease from 8.34% in the previous year.
Meanwhile, the average interest rate on foreign currency 24.25
loans increased to 6.22% in 2024 from 5.58% in 2023. Loans/Financing
Marketable securities
Interest income from placements and current accounts and government bonds
Placements and current
with other banks and Bank Indonesia reached Rp353.9 accounts with Bank
billion, a decrease of 17.35% from Rp428.2 billion in the Indonesia and other banks
Others
previous year. The Bank’s interest income from securities,
government bonds, and securities purchased under a
resale agreement (reverse repo) increased by 23.37%, or 74.14
INTEREST AND SHARIA EXPENSES
(in million Rupiah)
Growth (%)
Interest and Sharia Expenses 2024 2023 2022
2023-2024 2022-2023
Customer Deposits: 9,260,620 7,714,519 4,906,001 20.04 57.25
Current accounts 2,310,262 1,543,819 1,106,708 49.65 39.50
Saving accounts 2,183,407 2,086,398 1,481,153 4.65 40.86
Time deposits and certificates of deposit 4,766,951 4,084,302 2,318,140 16.71 76.19
Borrowings and subordinates bonds 641,740 314,525 242,465 104.03 29.72
Marketable securities issued 153,385 172,905 359,038 (11.29) (51.84)
Others 905,031 751,668 130,552 20.40 475.76
Total 10,960,776 8,953,617 5,638,056 22.42 58.81
In 2024, CIMB Niaga recorded interest and sharia Interest and Sharia Expenses Composition
expenses of Rp11.0 trillion, an increase of 22.42% from (%)
Rp9.0 trillion in 2023. This was mainly due to a 16.71%
increase in interest expenses on time deposits from Rp4.1 24.95
51.48
trillion to Rp4.8 trillion in 2023. This growth was followed
by an 11.29% decrease in marketable securities issued
Current Accounts
as they matured in 2024. Interest expenses on customer
deposits increased by 20.04% from Rp7.7 trillion to Rp9.3 Saving Accounts
trillion in 2023. Interest expense on customer deposits Time Deposits
contributed to 84.49% of total interest and sharia
expenses, compared to 86.16% in 2023.
23.58
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Interest expense on time deposits and certificates NET INTEREST INCOME
of deposit contributed the largest portion of interest In 2024, the Bank’s net interest income decreased by
expense on customer deposit, i.e., 51.48%, or Rp4.8 0.64% to Rp13.3 trillion from Rp13.4 trillion in 2023.
trillion. The interest expense on time deposits in 2024 The decrease in net interest income was caused by an
increased by 16.71% from Rp4.1 trillion in the previous increase in the Bank’s interest expense, which is in line
year. The average interest rate on time deposits in Rupiah with an increase in market interest rates on third-party
increased to 5.83% in 2024, from 5.13% in 2023, and was funds. The Net Interest Margin (NIM) decreased to 4.09%
followed by an increase in foreign currency interest rates in 2024, from 4.40% in 2023.
to 3.26% from 2.60% in the previous year.
Net Interest Income (in trillion Rupiah)
and NIM
Current account interest expense increased by 49.65%,
4.69% 4.81%
followed by savings interest expense, which increased 4.62%
by 4.65%. Interest expense on securities issued was 4.70%
4.40%
4.09%
recorded at Rp153.4 billion, a decrease of 11.29%,
primarily due to securities maturing in 2024. 13.5 13.4 13.3
Meanwhile, interest expenses from borrowings and
NIM CIMB Niaga
subordinated bonds increased by 104.03%, from Rp314.5 NIM Industry
billion in 2023 to Rp641.7 billion. The increase was mainly
(Source: SPI Dec 2024, OJK)
due to interest on loans received by subsidiaries as their
portfolios expanded.
2022 2023 2024
NON-INTEREST INCOME
Non-interest income in 2024 reached Rp5.7 trillion, an increase of 4.01% from Rp5.4 trillion in 2023. This achievement
was mainly due to an increase in profits from foreign currency transactions of Rp588.6 billion. This increase was
followed by other profits of Rp452.9 billion, which were balanced with a decrease in changes in the fair value of financial
instruments traded of Rp631.9 billion.
(in million Rupiah)
Growth (%)
Non-Interest Income 2024 2023 2022
2023-2024 2022-2023
Other Fees & Commissions 3,002,087 3,154,830 2,413,405 (4.84) 30.72
Gains from sale of trading financial instruments 465,526 1,097,419 1,953,932 (57.58) (43.84)
Gains from sale of marketable securities 486,538 525,507 740,443 (7.42) (29.03)
Foreign exchange gains/(losses) 764,866 176,255 (472,930) 333.95 137.27
Others 931,979 479,126 754,733 94.52 (36.52)
Total 5,650,996 5,433,137 5,389,583 4.01 0.81
Other fees and commissions contributed the largest proportion of non-interest income, at 53.12%. Other fees and
commissions income decreased slightly compared to last year, which was 58.07%. The decrease in other fees and
commissions was mainly due to other income and bancassurance income amounting to Rp246.3 billion and Rp148.3
billion, respectively, or a decrease of 30,73% and 13.28% from the previous year.
218 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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(in million Rupiah)
Growth (%)
Other Fees & Commissions 2024 2023 2022
2023-2024 2022-2023
Bancassurance income 968,612 1,116,896 790,286 (13.28) 41.33
Customer administration fees 586,468 563,350 586,882 4.10 (4.01)
Arranger fees 269,185 294,188 262,415 (8.50) 12.11
Export-import document fees 107,812 98,798 109,158 9.12 (9.49)
Custodian services fees 41,209 91,510 107,302 (54.97) (14.72)
Clearing and transfer services 96,097 100,843 91,995 (4.71) 9.62
Credit card interchange fee income 288,860 7,786 71,441 3.609.99 (89.10)
Annual fee income 88,579 79,859 51,394 10.92 55.39
Others 555,265 801,600 342,532 (30.73) 134.02
Total 3,002,087 3,154,830 2,413,405 (4.84) 30.72
Gains from changes in the fair value of financial instruments traded in 2024 amounted to Rp465.5 trillion from derivative
instruments. Meanwhile, the gain from the sale of marketable securities decreased by Rp39.0 billion, or 7.42%, to
Rp486.5 billion from Rp525.5 billion in 2023, mainly due to a reduction in gains from the sale of government bonds from
Rp478.2 billion to Rp408.2 billion.
In 2024, CIMB Niaga recorded a ratio of income other than interest to total operating income (Fee Income Ratio) of
29.87%, an increase from the previous year of 28.92%.
IMPAIRMENT LOSSES ON FINANCIAL AND NON-FINANCIAL ASSETS
In 2024, the allowance for Impairment Losses decreased by Rp0.2 trillion, or 10.03%, to Rp1.8 trillion, compared to 2023,
which was Rp2.0 trillion. The decrease in impairment loss formation was mainly due to an 11.61% reduction in impairment
losses on loans to Rp1.8 trillion. The amount for other impairment losses decreased by Rp32.3 billion, mainly due to
a reduction in impairment losses on commitment and contingency of Rp15.6 billion. In addition to commitment and
contingency provisions, other impairment losses include those on suspense accounts and other receivables, foreclosed
assets (AYDA), marketable securities, and placements with other banks.
CIMB Niaga always applies the principle of prudence when providing asset reserves, particularly loans, as reflected by
the LLC’s increase from 292.11% in 2023 to 270.01% in 2024.
(in million Rupiah)
Impairment Losses on Financial and Non- Growth (%)
2024 2023 2022
Financial Assets 2023-2024 2022-2023
Loans 1,779,014 2,012,714 3,424,328 (11.61) (41.22)
Others 26,236 (6,101) 389,381 (530.03) (101.57)
Total (1,805,250) (2,006,613) 3,813,709 (10.03) (47,38)
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OTHER OPERATING EXPENSES
In 2024, other operating expenses increased by 1.93% to Rp8.7 trillion compared to Rp8.6 trillion in 2023. This increase
was primarily due to an increase in personnel expenses of Rp187.8 billion, or 3.80%, to Rp5.1 trillion in 2024 from Rp4.9
trillion in 2023.
(in million Rupiah)
Growth (%)
Other Operating Expenses 2024 2023 2022
2023-2024 2022-2023
Personnel expenses 5,135,231 4,947,412 4,675,107 3.80 5.82
General and administrative expenses 3,204,195 3,216,291 3,475,341 (0.38) (7.45)
Promotion expenses 409,973 419,824 333,202 (2.35) 26.00
Total 8,749,399 8,583,527 8,483,650 1.93 1.18
Total (BAU) *
8,749,399 8,583,527 8,483,650 1.93 1.18
*
Exclude personnel expenses related to PPKS
PERSONNEL EXPENSES
In 2024, personnel expenses increased by 3.80% and were recorded at Rp5.1 trillion compared to Rp4.9 trillion in 2023.
The main cause of this increase was the rise in salaries and wages, from Rp2.6 trillion in 2023 to Rp2.7 trillion. This was
followed by an increase of 4.62% or Rp101.8 billion in allowances for employees compared to the previous year.
Personnel Expenses
(in billion Rupiah)
154 179 177
2,104 2,204 2,306
Training and education
2,417 2,564 2,652
Allowances
Salaries and wages
2022 2023 2024
GENERAL AND ADMINISTRATIVE EXPENSES
In 2024, general and administrative expenses decreased by 0.38%, or Rp12.1 billion, mainly due to Rp108.2 billion in
professional services, Rp84.0 billion in other costs, and Rp28.0 billion in rental, depreciation, and building maintenance.
The decrease was balanced by an increase in telephone, telex, and computer expenses in the amount of Rp86.8 billion,
as well as Rp79.3 billion in outsourced service expenses.
General and Administrative Expenses
(in billion Rupiah)
464 436 352
1,453 1,365 1,460 Others
Communication and Transportation
Rental, Depreciation, and
916 728 703 Building Maintenance
Professional Fees
582 616 587
60 71 102 Office Supplies
2022 2023 2024
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PROMOTION EXPENSES developing cost recognition processes, implementing
In 2024, promotional expenses decreased by 2.35%, or SFAS 116 (IFRS 16) policies related to rental costs, applying
Rp9.9 billion, to Rp410.0 billion, from Rp419.8 billion in the SMART system that can streamline operational costs
2023. The cost-to-income ratio decreased to 44.32%, such as a paperless cost submission system, and the use
from 44.83% in 2023. CIMB Niaga is always committed of the YODA system for costs submitted by employees,
to implementing a smart spending culture in all of its evaluating and monitoring branch-office expenses, using
existing units in order to reduce operational costs and digital media for promotional activities, conducting online
increase profitability. events related to promotional activities, maximizing
online meetings, employee training is carried out in CIMB
COST EFFICIENCY PROGRAM buildings and via online media (LOG) for employees,
CIMB Niaga continues to implement a smart spending being selective when choosing employee event activities,
culture that prioritises good costs while eliminating bad efficient rental costs by reducing office rent at some head
costs. This enables the Bank to innovate in cost efficiency offices due to the Flex Work and Non-Flex work programs,
programs, which can be applied to all business lines. creating a hybrid working space where employees with
the Flex work category can use the working space when
CIMB Niaga always manages costs carefully, both in working in the office, as well as to increase productivity,
general (Operating Expense - Opex) and capital goods flexibility, and expected engagement, while still
investment costs (Capital Expenditure - Capex), with prioritizing employee safety and information security
the management activities overseen by the Mandatory and re-evaluating the number and costs of contract
Reviewer Team led by the Director of Finance and SPAPM. employees in relation to cost efficiency targets at CIMB
This special team represents CIMB Niaga’s commitment Niaga.
to cost efficiency implementation, which is in charge of
providing assessments and input on the feasibility of NON-OPERATING INCOME – NET
costs associated with each CIMB Niaga business process. In 2024, CIMB Niaga recorded non-operational income
- net of Rp365.9 billion, an increase of Rp204.0 billion
In 2024, several initiatives are continued to achieve compared to the previous year’s position of Rp161.9
operational cost efficiency, such as implementing billion. This increase was mainly due to other income of
investment policies, implementing discipline in cost Rp224.2 billion.
management such as ensuring annual cost needs,
(in million Rupiah)
Growth (%)
Non-Operating Income - Net 2024 2023 2022
2023-2024 2022-2023
Rental income 4,084 5,595 6,544 (27.01) (14.50)
Gain/(loss) on the sale of fixed assets (13,192) 5,076 (3,580) (359.89) (241.79)
Penalty (1,727) (1,299) (275) 32.95 372.36
Others - net 376,735 152,520 8,281 147.01 17.42x
Total 365,900 161,892 10,970 126.01 13.76x
PROFIT BEFORE INCOME TAX
In 2024, Cimb Niaga recorded a profit before income tax of Rp8.7 trillion, an increase of 4.45%, or Rp0.4 trillion, compared
with the achievement in 2023, which was Rp8.4 trillion. The increase was mainly due to an increase in operating income
of Rp132.0 billion to Rp18.9 trillion, followed by a decrease in impairment losses ofRp201.4 billion or 10.03% to Rp1.8
trillion in 2024.
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INCOME TAX
In 2024, CIMB Niaga recorded a corporate income tax of Rp1.8 trillion, a slight increase of 1.33% from the previous year,
which was Rp1.8 trillion. This was due to an decrease in current tax expenses by Rp1.0 trillion to Rp512.7 billion in 2024 and
increased in deferred tax by Rp1.0 trillion compared to previous year.
(in million Rupiah)
Growth (%)
Income Tax 2024 2023 2022
2023-2024 2022-2023
Current tax 512,669 1,522,356 1,654,199 (66.32) (7.97)
Deferred tax 1,317,184 283,515 (171,638) 364.59 (265.18)
Total 1,829,853 1,805,871 1,482,561 1.33 21.81
NET PROFIT
CIMB Niaga successfully recorded a net profit of Rp6.9 trillion in 2024, an increase of 5.30% from Rp6.6 trillion in 2023.
This achievement was supported by well-managed operating income and cost control, as well as remaining cautious on
future performance. CIMB Niaga will continue to grow its business by implementing effective strategies and consistently
providing the best banking solutions for customers, supported by digital transformation and data analytics.
OTHER COMPREHENSIVE INCOME AFTER TAX
In 2024, CIMB Niaga recorded an other comprehensive loss after tax of Rp89.1 billion, compared to a profit of Rp248.8
billion in the previous year. This was primarily due to changes in the fair value of securities and government bonds as
measured through the comprehensive income group.
(in million Rupiah)
Growth (%)
Other Comprehensive Income After Tax 2024 2023 2022
2023-2024 2022-2023
Reserve on revaluation of fixed assets (4,592) 1,176 757,274 (490.48) (99.84)
Remeasurement of post-employment benefits (3,584) (26,814) (67,625) (86.63) (60.35)
obligation actuarial gains/(losses)
Income tax relating to item that will not be re- 2,953 4,976 16,423 (40.66) (69.70)
classified to profit or loss
Items that will not be re-classified to profit or loss (5,223) (20,662) 706,072 (74.72) (102.93)
Unrealised gain from changes in the fair value of (138,457) 299,060 (1,934,409) (146.30) (115.46)
marketable and government bonds on fair value
through comprehensive income
Income tax relating to item that will be re- 54,561 (29,602) 324,125 (284.32) (109.13)
classified to profit or loss
Items that will be re-classified to profit or loss (83,896) 269,458 (1,610,284) (131.14) (116.73)
Total (89,119) 248,796 (904,213) (135.82) (127.52)
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Cash Flow Statements
(in million Rupiah)
Growth (%)
Cash Flow Statements 2024 2023 2022
2023–2024 2022–2023
Net Cash Flow (to)/from Operating Activities 8,221,937 (1,796,976) (16,360,431) 557.54 (89.02)
Net Cash Flow (to)/from Investing Activities (7,727,990) (5,998,437) 5,994,554 (28.83) (200.06)
Net Cash Flow (to)/from Financing Activities (842,805) 329,226 (4,938,480) (356.00) (106.67)
Changes in exchange rate differences in cash and cash equivalents 203,035 (102,346) 339,913 298.38 (130.11)
Net (Decrease)/Increase in Cash and Cash Equivalents (145,823) (7,568,533) (14,964,444) (98.07) (49.42)
Position of Cash and Cash Equivalents at the Beginning of the Year 24,483,182 32,051,715 47,016,159 (23.61) (31.83)
Position of Cash and Cash Equivalents at the End of the Year 24,337,359 24,483,182 32,051,715 0.60 (23.61)
At the end of 2024, CIMB Niaga’s cash and cash investing activities of Rp7.7 trillion, a increase of 28.83%
equivalents were recorded at Rp24.3 trillion, a decrease or Rp1.7 trillion from 2023, where the net cash flow
of Rp145.8 billion from Rp24.5 trillion at the beginning of position from investment activities in 2023 experienced
the year. a deficit of Rp6.0 trillion. This increase was mainly due to
the sale of securities and government bonds at fair value
CASH FLOW USED/RECEIVED FROM through other comprehensive income, and the amortized
OPERATING ACTIVITIES cost increased by Rp40.5 trillion.
In 2024, CIMB Niaga recorded a net cash flow surplus
from operating activities of Rp8.2 trillion, an increase CASH FLOWS (USED FOR)/OBTAINED FROM
of 557.54%, or Rp10.0 trillion from the position in 2023, FINANCING ACTIVITIES
which was a deficit of Rp1.8 trillion. This increase was CIMB Niaga recorded a net cash flow deficit from financing
mainly due to customer deposits with a surplus balance activities of Rp842.8 billion in 2024, an increase from a
of Rp20.2 trillion in 2024, an increase from Rp8.1 trillion surplus of Rp329.2 billion in 2023. This change in cash
in 2023. flow was caused by a increase in payments from loans
received of Rp8.4 trillion and an interest payments from
CASH FLOWS (USED FOR)/OBTAINED FROM bonds and securities issued of Rp1.2 trillion, followed
INVESTING ACTIVITIES by an increase from additional loans received of Rp8.7
In 2024, CIMB Niaga recorded a net cash flow deficit from trillion.
Key Financial Ratios
Financial ratios serve as an effective tool for benchmarking the Bank’s policies/plans. They enable the Bank to identify,
analyze, and assess its performance, while also facilitating necessary improvements to support sustainable growth.
(in %)
Key Financial Ratio 2024 2023 2022
Net Interest Margin (NIM) 4.09 4.40 4.69
CASA Ratio 66.02 63.86 63.57
Gross Non-Performing Loans (NPL Gross) 1.76 1.96 2.80
Net Non-Performing Loans (NPL- Net) 0.69 0.71 0.75
Cost to Income Ratio 44.32 44.83 44.91
Cost of Credit Ratio 0.84 1.03 1.85
Loan to Deposit Ratio (LDR) 86.28 89.30 85.39
Liquidity Coverage Ratio (LCR) - Konsolidasi 225.53 249.58 227.52
Capital Adequacy Ratio (CAR) 23.34 24.02 22.19
CET-1 Capital Ratio 22.25 22.89 21.11
Return on Assets Ratio (ROA) 2.53 2.59 2.16
Return on Equity Ratio (ROE - Tier 1) 14.34 15.02 12.59
Operating Expenses to Operating Income (BOPO) 74.02 71.47 74.10
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Prime Lending Rate
The most recent Financial Services Authority Regulation, Rate calculation excludes each debtor’s risk premium
POJK No. 13 of 2024, concerning Transparency and component, which is determined by an individual debtor
Publication of Prime Lending Rates for Conventional risk assessment. As a result, an individual debtor’s
Commercial Banks, replaces Circular Letter of OJK No. interest rate may vary from the Prime Lending Rate.
9/SEOJK.03/2020 on Transparency and Publication of
Conventional Commercial Bank Reports. CIMB Niaga is required to report the Prime Lending Rate
calculation to the OJK every month and regularly publish
This is intended to increase prime lending rate it in the broader media. Based on the implementation of
transparency through public publication to increase the POJK No. 13 of 2024, which has been in effect since the
competitiveness of Conventional Commercial Banks October 2024 reporting, there has been an update to
(BUK), as well as standardized reporting and publication the credit segmentation in the reporting and calculation
of SBDK between BUKs with the aim of ensuring of SBDK, specifically the classification of segmentation
consistency and accuracy of information provided to the into Non-MSME Loan (Corporate and Retail), MSME Loan
public. (Medium, Small, Micro), Mortgage (KPR/KPA), and Non-
Mortgage (Non-KPR/KPA).
In line with the OJK regulations, commercial banks
conducting conventional business activities must disclose Loans are classified for calculating the Prime Lending
and publish the Prime Lending Rate (SBDK) in Rupiah Rate based on business segments using the Bank’s
currency. Disclosure of SBDK is one of the Bank’s efforts internal criteria, which are as follows:
to improve governance implementation and encourage 1. Corporate loans are provided to Corporate Banking and
healthy competition in the banking industry, among Commercial Banking customers.
other things, by establishing better market discipline. 2. Retail loans are available for Emerging Business Banking
The reporting and publication of the Prime Lending Rate (EBB) customers.
is also one of the Bank’s efforts to provide transparency 3. Medium loans are available for EBB customers.
to customers and help them analyze the benefits, costs, 4. Small loans refer to credit for Emerging Business Banking
and loan risks offered. For the Bank, the Prime Lending (EBB) customers.
Rate serves as an indicator for customer loan interest 5. Microloans: Since the fourth quarter of 2017, CIMB Niaga
rates, allowing the Bank to continuously update its Prime no longer provides microloans.
Lending Rate in response to BI-rate movements set by 6. Mortgage (KPR/KPA) is for mortgage.
Bank Indonesia. 7. Non-mortgage (Non-KPR/Non-KPA) includes Auto
Loans and does not include disbursement of funds
The Prime Lending Rate is calculated using 3 (three) main via credit cards and personal loan (KTA) for the period
components: the cost of funds for loans, which is derived January 2024 to September 2024, while the period
from customer deposits, operating expenses incurred October 2024 to December 2024 personal loan.
for funding and loan disbursement activities, and the
profit margin component, which the Bank determines The following table compares the 2024 Prime Lending
during a loan disbursement activity. The Prime Lending Rate to the 2023 average Prime Lending Rate:
PRIME LENDING RATE TABLE
Quantitative Disclosure
Prime Lending Rate by Loan Segment
Period Non MSME Loans MSME Loans Non-
Mortgage
Corporate Retail Medium Small Micro Mortgage
2024
March 8.25% 9.00% N/A N/A N/A 7.55% 8.75%
June 8.25% 9.00% N/A N/A N/A 7.55% 8.75%
September 8.25% 9.00% N/A N/A N/A 7.55% 8.75%
December 8.25% 9.00% 9.00% 9.00% N/A 8.11% 11.97%
Average year 2023 8.00% 8.75% N/A N/A N/A 7.30% 8.50%
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Qualitative Disclosure
Category Loan Category Definition Indicators/Criteria of Loan Categories
Corporate Bank CIMB Niaga provides loans to business entities, or Total loan limit > Rp15 billion, or annual sales > Rp50 billion, or
non-retail and non-MSMEs, that meet the Corporate segment by Bank CIMB Niaga policy.
criteria.
Retail Bank CIMB Niaga provides loans to business entities, or Total loan limit ≤ Rp15 billion, or annual sales ≤ Rp50 billion, or
non-corporate companies, and individuals who meet the retail as per Bank CIMB Niaga policy.
segment criteria.
The most recent applicable Prime Lending Rate information is available at each branch office, digital channel, and CIMB
Niaga website. (https://www.cimbniaga.co.id/id/tentang-kami/berita/suku-bunga-dasar-kredit).
FUND INTEREST RATE
Information regarding the average interest rates for Current Accounts, Savings, and Deposits as of 31 December 2024
is as follows:
TABLE OF SAVINGS INTEREST RATE
Interest Rate
Description
2024 2023
Rupiah 3.01% 2.22%
Foreign Exchange 1.16% 0.95%
TABLE OF CURRENT ACCOUNT INTEREST RATE
Interest Rate
Description
2024 2023
Rupiah 3.17% 2.39%
Foreign Exchange 1.71% 0.98%
TABLE OF DEPOSIT INTEREST RATE
Interest Rate
Description
2024 2023
Rupiah 5.83% 5.13%
Foreign Exchange 3.26% 2.60%
Commitments and Contingencies
As of 31 december 2024, CIMB Niaga had commitments and contingencies with a credit risk of Rp112.3 trillion, an increase
of 8.39% or Rp8.7 trillion from 31 december 2023, when the position was Rp103.6 trillion. This increase was mainly due to
an increase in the unutilized portion of fund facilities from Rp97.3 trillion in 2023 to Rp104.7 trillion in 2024, as well as an
increase in guarantees issued to Rp5.9 trillion from Rp5.4 trillion in 2023. Contingencies—net recorded at Rp5.3 trillion, an
increase from Rp4.7 trillion in the previous year.
(in million Rupiah)
Growth (%)
Commitments and Contingencies 2024 2023 2022
2023–2024 2022–2023
Commitments
Unutilised Portion of Fund Facilities (104,684,718) (97,252,341) (87,197,694) 7.64 11.53
Outstanding Irrevocable Letters of Loans (1,855,914) (1,625,442) (1,309,897) 14.18 24.09
Others (481,003) (4,701) (4,753) 10.132 (1.09)
Commitments - Net (107,021,635) (98,882,484) (88,512,344) 8.23 11.72
Contingencies
Contingent Receivables 613,765 641,032 897,672 (4.25) (28.59)
Guarantees Received 28,287 33,576 134,621 (15.75) (75.06)
Interest Receivable on Non-Performing Assets 585,478 607,456 763,051 (3.62) (20.39)
Contingent Payables (5,888,091) (5,364,148) (4,832,874) 9.77 10.99
Guarantees Issued (5,888,091) (5,364,148) (4,832,874) 9.77 10.99
Contingencies - Net (5,274,326) (4,723,116) (3,935,202) 11.67 20.02
Commitments and Contingencies - Net (112,295,961) (103,605,600) (92,447,546) 8.39 12.07
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Brief Report of the Subsidiaries
CNAF made major initiatives by updating its trademark
to better reflect and accommodate future business
strategies. CNAF’s trademark change consists of
changing the writing CIMB Niaga Auto Finance to
CIMB Niaga Finance. The symbol used is an arrowhead,
Name : PT CIMB Niaga Auto Finance (CNAF) which represents thinking and acting for the company’s
progress, and a square, which represents firmness,
Vision: honesty, integrity, and reliability. The change in
Become the most profitable financing company in trademark was reported to the Directorate General of
Indonesia. Intellectual Property on 15 October 2019 and to the OJK
on 7 November 2019.
Mission:
Committed to becoming a financing company that CNAF not only focuses on financing four-wheeled
provides the best value for all stakeholders by providing vehicles but also offers multi-purpose financing with
excellent customer service, developing strong and BPKB guarantees, land/building certificates, and Hajj
mutually beneficial partnership relationships, hiring financing.
excellent human resources, and contributing to society.
CNAF has the CNAF Mobile application, which allows
PT CIMB Niaga Auto Finance (CNAF), a subsidiary of prospective debtors to apply for financing via smartphone
PT CIMB Niaga Tbk with a focus on financing business with simple (uncomplicated) requirements, monitor the
activities, was established based on Deed No. 48 dated status of application submissions in real-time, and obtain
10 December 1981, under the name PT Saseka Gelora product and financing program information. To complete
Leasing, which was amended by Deed No. 80 dated 16 the features in the financing application process and
February 1982 and No. 50 dated 27 October 1982, which make it easier for customers to contact CNAF, CNAF
were made before notary Frederik Alexander Tumbuan. developed the CNAF Mobile application, including
The Company’s Articles of Association were approved by features such as Digital Signature and Digital Customer
the Minister of Justice of the Republic of Indonesia on 2 Service (Digital CS). Furthermore, CNAF presents a three-
December 1982, based on Decree No. C2-2817-HT01.01. dimensional virtual auto show as an innovation in the
th.82, registered at the Jakarta District Court Office with financing industry. CNAF also offers attractive programs,
No. 4844, 4845, and 4846 dated 8 December 1982, such as the Showroom Financing product, which provides
and published in the State Gazette of the Republic of working capital financing to showroom partners to assist
Indonesia No. 5 dated 18 January 1983, Supplement No. them in purchasing vehicles.
79/1983.
In 2024, CNAF also focuses on increasing team
Based on Deed no. 5 dated 6 January 2022, made productivity by applying digitalization to monitor all team
before Notary Dini Lastari Siburian S.H., regarding the activities. The SCMS (Sales Control Management System)
Statement of Decision Outside the General Meeting of application is one of the best options for monitoring all
Shareholders of PT CIMB Niaga Auto Finance, CNAF sales team activities, including showroom visits and
has issued new shares totaling 400,000 shares, with potential customers. In addition, the CIMOL (Collection
each share having a nominal value of Rp50,000 or an Mobile Application) application is an excellent tool for
amount of Rp20,000,000,000. CNAF’s Paid-in Capital tracking the collection team’s activities, including visits
amount changed from the original Rp100,000,000,000 to to customers’ homes/offices.
Rp120,000,000,000. The new shares are issued to non-
controlling parties with ownership of less than 1% each.
As a result, CIMB Niaga’s ownership of CNAF changed
from 99.93% to 83.28% in 2022. CIMB Niaga remains the
controlling shareholder of CNAF.
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CNAF continues collaborating with CIMB Niaga to Rp9.9 trillion, an 11.43% increase from Rp8.9 trillion in
grow the business by implementing various business 2023. The increase in new financing raised CNAF’s total
initiatives by diversifying acquisition channels, such assets under management to Rp13.6 trillion, an increase
as strengthening referral activities, penetrating digital of 20.63% from Rp11.3 trillion in 2023.
segments, and strengthening Service to Sales channels.
CNAF manages its portfolio using various strategies, In 2024, CNAF also raised loans quality (Non-Performing
including an anti-attrition program and risk-based pricing. Loans) from 1.1% to 1.0% in line with target market
segments that match the customer’s risk profile. CNAF
In line with CNAF’s strategy of prioritizing Sharia financing always prioritizes loans quality based on prudence.
disbursement, while also diversifying Sharia funding, the
company launched a Public Offering of Sukuk Wakalah The composition of the Company’s Board of Commissioners
Bi AlIstitsmar I CIMB Niaga Auto Finance in 2023 with a and Directors is as follows:
maximum investment capital of Rp1 trillion. The company
also uses a sustainability strategy to encourage the Board of Commissioners:
purchase of environmentally friendly vehicles by offering President Commissioner : Lani Darmawan
competitive interest rates. Commissioner : Koei Hwei Lien
Commissioner : Noviady Wahyudi
In 2024, CNAF launched a Periodic Public Offering (PUB) Independent Commissioner : Hidayat Dardjat Prawiradilaga
Sukuk Wakalah Bi AlIstitsmar I CIMB Niaga Auto Finance Independent Commissioner : Serena Karlita Ferdinandus
with a maximum investment capital of Rp5 trillion, valid Independent Commissioner : Jeffrey Kairupan*
for three years. CNAF successfully obtained funds *
Effective after the fit and proper test stage.
totaling Rp1 trillion in the first issuance, which were used
for new financing based on Sharia contracts. Board of Directors:
President Directors : Ristiawan
CNAF currently has 31 branches throughout Indonesia Directors : M. Imron Rosyadi Nur
and 923 employees. In 2024, CNAF reported a profit Directors : Antonius Herdaru Danurdoro
before tax of Rp583.9 billion, a 12.20% increase from Directors : Michael Angga
Rp520.4 billion in 2023, and disbursed new financing of
In mid-2017, CIMB Group Holdings Berhad (“CIMBGH”) its operations, including those in Indonesia. In Indonesia,
announced that its wholly-owned subsidiary engaged in the Investment Banking business unit is managed by PT
securities brokerage had entered into a share purchase CIMB Niaga Sekuritas, a new entity established in 2018
and sale agreement with China Galaxy International and majority-owned by PT Bank CIMB Niaga Tbk.
Financial Holdings Limited (“CGIFHL”). CIMBGH and
CGIFHL subsequently developed a strategic partnership PT CIMB Niaga Sekuritas (“CNS”) is a subsidiary of PT
for CIMBGH’s securities brokerage business unit. Bank CIMB Niaga Tbk. As a business unit that oversees
investment banking activities, PT CIMB Niaga Sekuritas
This agreement separates regionally CIMBGH’s focuses on providing securities underwriting services
Investment Banking business unit from the scope of with a business license issued by the Financial Services
strategic partnerships. In this regard, CIMBGH internally Authority (OJK) No. KEP-11/D.04/2019, a financial
reorganized all Investment Banking business units across advisor with a business license issued by OJK No. S-618/
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PM.21/2019, arrangers of Medium Term Notes (MTN) and Consistent with the targets submitted to the Financial
Negotiable Certificate of Deposit (NCD) with a business Services Authority along with the submission of the
license issued by OJK No. S-1118/PM.21/2019, and Management Presentation at the time of submitting the
arrangers of Commercial Paper (SBK) with a business Securities Company License Application, the strategy for
license issued by OJK No. S-1481/PM.21/2019 and Bank achieving the Company’s targets for 2025 remains the
Indonesia No. 22/17/DPPK/Srt/B. same as the previous year, with the Company continuing
to carry out business development through the following
CNS was established in March 2018 with strategies:
Rp200,000,000,000 (two hundred billion Rupiah) of
authorized capital and Rp50,000,000,000 (fifty billion Expanding the scope and depth of capital market
Rupiah) in issued and paid-up capital. In 2019, the Company products
increased its authorized capital to Rp600,000,000,000 This strategy is implemented by conducting exploration
(six hundred billion Rupiah), with an issued and paid-up to carry out capital market transactions and arrangers
capital of Rp316,000,000,000 (three hundred sixteen for customer financing needs with traditional schemes in
billion Rupiah). Each shareholder contributed additional conventional banking and structured deals.
capital to the Company on a pro-rata basis.
Actively collaborate with PT Bank CIMB Niaga Tbk. and
In 2023, the Company’s Shareholders increased the the CIMB Group
Authorized Capital to Rp1,200,000,000,000 (one trillion This strategy is implemented through a more extensive
two hundred billion Rupiah), while the Issued and Paid-up collaboration with PT Bank CIMB Niaga Tbk as a working
Capital was Rp616,000,000,000 (six hundred and sixteen partner and shareholder in the synergy of integrated
billion Rupiah). This additional capital is intended to banking and capital market product services for bank
strengthen the Company’s capital structure and business customers, specifically CIMB Niaga’s Corporate Banking,
development. Commercial Banking, and Private Banking customers,
as well as strengthened cross-selling of products
In 2024, CNS recorded revenues of Rp123.0 billion, a and services between CIMB Niaga and the Company.
283.48% increase from Rp32.1 billion in 2023. The profit This strategy has been implemented since the second
before tax at the end of 2024 was Rp46.7 billion. In the semester of 2019 and will be continued in the following
future, CNS will continue taking strategic steps in running years.
its business while prioritizing governance implementation
to ensure stakeholders obtain optimal results. Penetration into the Institutional Market and Sharia
Capital Market
The company’s vision is to become a leading ASEAN The strategy is put into action by implementing business
company while also being a major player in the Indonesian activities or product offerings that could bring significant
capital market’s underwriting and financial advisory revenue and more focus on institutional customers. It will
sectors. The company’s mission is to consistently provide continue to explore and strive to play a more significant
the best capital market products and services to increase role in transactions with a Sharia structure.
customer value by developing innovative products
that attract investors by leveraging the CIMB Group’s Expanding customer coverage by penetrating potential
extensive and experienced network. new segments
The Company’s strategy remains focused on capital
The organization’s objective is to develop capital market market transactions and financing potential, mergers
products that are both innovative and diverse to attract and acquisitions, and international investor participation
investors, complement the stakeholders in the Indonesian in national economic development acceleration projects.
capital market, develop human resources, and integrate The Company is also selectively exploring important
them into the ASEAN network through the CIMB Group. sectors of Indonesia, such as mineral resources and
Utilizing the extensive and experienced network of CIMB direct support for physical development, while always
Group to facilitate the development of capital markets in paying attention to ESG aspects in evaluating industries
Indonesia and clients to focus on.
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Other Material Financial Information
ANALYSIS OF ABILITY TO PAY DEBTS CONTINGENCY FUNDING PLAN & RECOVERY
The Bank’s ability to meet its long-term and short-term PLAN
obligations is assessed using various ratios, including The Contingency Funding Plan (CFP) serves as an
the liquidity, solvency and profitability ratios. To mitigate operational guideline for managing crisis, ensuring that
the risk of default, the Banks’ participation in the Deposit any arising crisis can be effectively addressed while
Insurance Corporation’s guarantee program demonstrates restoring public confidence in the Bank. CIMB Niaga
their ability to pay debts. will implement the CFP when the Bank enters a state of
liquidity crisis.
The Bank‘s ability to pay debts can also be seen in the
assessments of external rating agencies in 2024. Pefindo CIMB Niaga defines various levels of liquidity emergency
rated CIMB Niaga very well, i.e., a corporate rating of conditions within the CFP, with predetermined thresholds
idAAA. Other rating agencies, Moody’s, rated the Bank based on key liquidity indicators. Each level has its own
with A3/P-2 dan Baa1/P-2 for its Counterparty Risk corrective measures, encompassing both remedial and
Rating and Bank Deposits, as well as baa3 dan baa1, for preventive actions to mitigate worsening conditions. If the
its Baseline Credit Assessment and Adjusted Baseline situation continues to deteriorate and affects the Bank’s
Assessment, respectively. Moody’s outlook for the long- solvency, a Recovery Plan will be activated, outlining
term rating is stable. more extensive measures to safeguard the Bank.
ABILITY TO REPAY DEBTS As outlined in SEBI No. 11/25/PBI/2009, further expanded
CIMB Niaga was recorded to have adequate liquidity by SEOJK No. 34/SEOJK.03/2016 and POJK No. 18/
and solvency in 2024, as reflected by the Bank’s ability POJK.03/2016 on Risk Management Implementation for
to meet all maturing obligations on time, both in terms Commercial Banks, active participation from management
of principal repayment and interest expense. Liquidity, up to the Board of Commissioners is required. Therefore,
solvency, and profitability ratios measure a bank’s ability the Contingency Funding Plan must be approved by
to meet its obligations (debt). The Bank also uses these the Board of Directors and reported to the Board of
ratios to assess its ability to provide liquidity reserves. Commissioners. The plan includes 15 Early Warning
Signal Indicators covering internal, macroeconomic, and
STRESS TESTING market liquidity factors, which are identified and assumed
Stress testing is one of its risk management methods for to serve as early signs of a potential crisis.
assessing capital resilience, liquidity, and the Bank’s ability
to absorb losses in an exceptional but plausible crisis. In The Early Warning Signal (EWS) indicators have
addition, CIMB Niaga conducts stress tests to identify predetermined thresholds that must not be breached. If
risk mitigation and capital preservation strategies. Stress any of these thresholds are exceeded, the Funding Crisis
testing is conducted regularly using various scenarios to Declaration Assessment (FCDA) Team will conduct an
provide management with a better understanding of the evaluation to determine whether the situation is likely
consequences of stressful situations. Stress tests can to lead to a liquidity strain. The FCDA Team may also
also be performed at any time, as needed. convene discussions even before any indicators are
breached. Qualitative information or signals received by
A more detailed explanation of stress testing can be relevant units can serve as triggers for an FCDA meeting.
found in the risk management section - ICAAP (Internal The Bank actively monitors all information and data to
Capital Adequacy Assessment Process). detect early signs of potential stress or crisis.
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Highlights Report Profile Discussion & Analysis Management
The EWS indicators are monitored daily by the Risk RPD encompasses a wider scope, as it monitors not only
Management Unit and reported to management. If any liquidity but also other critical financial aspects. The RPD
indicator exceeds its threshold, the information deemed is reviewed annually to ensure it remains aligned with
relevant to a potential crisis will be used as the basis for prevailing conditions. This review includes updates on
assessing liquidity conditions. the corrective measures that CIMB Niaga will implement
to address any challenges across the four key areas.
The assessment results will be presented as Each aspect is continuously monitored using specific
recommendations to the Chairman of the Asset indicators that serve as triggers for activating corrective
and Liability Committee (ALCO) for validation. If the actions outlined in the RPD.
conclusions indicate increasing liquidity constraints,
corrective measures may be initiated through a special SHORT-TERM DEBT REPAYMENT ABILITY
ALCO meeting. Should liquidity conditions continue to (LIQUIDITY RATIOS)
deteriorate, the liquidity status may be escalated, and To monitor liquidity risk, CIMB Niaga applies international
liquidity management will be transferred to the Funding parameters that have also been adopted by the Otoritas
Crisis Management Team (FCMT), which consists of all Jasa Keuangan (OJK), specifically Liquidity Coverage Ratio
Board of Directors members and additional decision- (LCR) and Net Stable Funding Ratio (NSFR). Both ratios
makers. ALCO and FCMT are chaired by the President are monitored regularly and reported to management, the
Director to ensure swift and accurate decision-making audit committee, and regulators.
within the necessary scope.
The LCR is a parameter that contains a comparison
The Funding Crisis Management Team (FCMT) is between High Quality Liquid Asset (HQLA) to Net
authorized to implement corrective measures in response Cashflow over the next 30 days. This ratio provides a
to liquidity constraints, addressing operational, business, description of the Bank’s adequacy in meeting outflows
and communication aspects to stabilize the situation. The after taking into account an assumed outflow ratio set
Bank has conducted multiple trial exercises in accordance by the regulator, after deducting inflows with a certain
with the guidelines outlined in the Contingency Funding discount within a 30-day period with managed Liquid
Plan (CFP), simulating crisis management scenarios led Assets (HQLA). The minimum regulatory requirement
by the FCMT and executing FCMT decisions through for LCR is 100%, meaning that the bank’s HQLA must
relevant business units. be sufficient to cover net cash outflows over the next 30
days.
CFP Testing is conducted regularly to ensure the agility
and preparedness of management and relevant units The Net Stable Funding Ratio (NSFR) serves as a
in executing strategic and practical measures during parameter to measure the balance between assets and
abnormal conditions, whether related to liquidity factors liabilities (including capital) using a specific ratio based on
or other operational challenges. Each test includes the maturity profile or characteristics of each component
not only scenarios requiring swift decision-making but on both the asset and liability sides. The minimum
also mechanisms for decision-making during crisis requirement is 100%, which signifies an alignment
meetings. These mechanisms allow for decisions to be between funding sources and fund deployment.
made remotely (e.g., via telephone) without face-to-face
interactions while still adhering to applicable regulations. Regulators have also lowered the limits that must be
met, but internally the Bank continues to maintain the
In 2024, the Bank conducted CFP Testing using an online existing limits in consideration of prudential principles.
mechanism. The exercise was effectively executed, with CIMB Niaga remains committed to maintaining both LCR
full participation from all Directors and relevant Senior and NSFR above the regulatory thresholds, with internal
Management. The success of the online CFP Testing limits set even higher.
demonstrates that decision-making can be conducted
efficiently through multiple mechanisms, whether in- As of December 31, 2024, the individual LCR stood at
person or online. Given the critical nature of decision- 201.32%, while the individual NSFR was recorded at
making during a Liquidity Crisis, it must be executed 116.89%. In comparison, the previous year’s figures
swiftly, accurately, and in compliance with the established were 225.48% and 114.61%, respectively. The decline
quorum requirements. in LCR was attributed to a shift in the quality of public
deposits managed by the bank, particularly for demand
CIMB Niaga has also established a Recovery Plan deposits. Although overall public deposits increased by
Document (RPD), which provides a broader framework approximately Rp24.72 trillion—primarily driven by current
covering liquidity, capital, profitability, and asset quality. accounts, which grew by approximately Rp18.53 trillion—
This document was approved by management and this growth was dominated by non-operational corporate
shareholders as required by the regulator at the end of deposits and deposits from other financial institutions, in
2017. Unlike the Contingency Funding Plan (CFP), the which these types of deposits carry a lower weighting in
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LCR and NSFR calculations. Loans disbursed to the public the exceedance. This is stated in a document that is
also increased by approximately Rp11.77 trillion. standardized and approved by ALCO/Board of Directors
and the Board of Commissioners.
Similar to LCR, the deposits that grew in NSFR calculations
had a lower weighting. However, on the other hand, the LONG-TERM DEBT REPAYMENT ABILITY
growth in existing loans mostly occurred in short-term (SOLVENCY RATIO)
loans so that it did not place a significant burden on the Bank capital is the most important component in measuring
NSFR. As a result, NSFR increased in contrast to the decline the ability to pay long-term debt (solvency ratio). With this
in LCR. Nevertheless, both LCR and NSFR remained well ratio, CIMB Niaga always ensures that the capital owned is
above the regulatory thresholds set by the OJK. The Bank able to meet the Capital Adequacy Ratio (CAR) requirements
need to emphasize the growth of their Deposits to focus which include credit risk, market risk, and operational risk.
on the growth of Deposits that have a high value weight,
namely Retail/SME Deposits and Corporate Deposits that In 2024, CIMB Niaga had a consolidated CAR of 23.34%,
are operational in nature. These types of deposits offer down from 2023 of 24.02%. CIMB Niaga still has a larger
greater stability, supporting sustainable loan growth while capital reserve than the minimum CAR ratio required by
maintaining a balanced liquidity position. the regulator, which is 13.40%.
CIMB Niaga uses internal parameters that have been ABILITY TO PAY DEBT FROM SECURITIES
socialized and submitted to OJK, namely Liquidity Gap ISSUED
based on the dominant currency. This parameter is used The Bank’s ability to pay debt can be seen from the
to monitor the adequacy of liquidity on a daily basis and rating information on securities issued including Bonds
under normal conditions. This Liquidity Gap has limits set and Sukuk. Routinely, securities issued by the Bank are
by ALCO and is monitored daily by the liquidity risk work assessed by a rating agency to support the eligibility
unit. LCR ratio monitoring is carried out daily and is broken of the securities. The quality of the securities is largely
down based on local and foreign currencies according to determined by the ability of the issuing company to pay
the request from OJK. its securities when due and its ability to pay interest or
coupons during the term of the securities issuance. The
Exceeding the internal limits of the liquidity risk securities issued also receive a rating from a rating agency,
parameters above is stated in the escalation process that in this case Pefindo.
must be carried out up to the Senior Management/Board
of Directors level with the option of steps that must be Until 2024, information on CIMB Niaga’s bond and sukuk
taken by the Business unit and related units to correct ratings is as follows:
Issuance Maturity
Securities Name Ratings
Date Date
Subordinated Bond III Bank CIMB Niaga 2018 Series B 15-Nov-18 15-Nov-25 AA (PEFINDO)
Subordinated Bond I Bank CIMB Niaga Phase I 2019 (Series A) 19-Dec-19 19-Dec-24 AA (PEFINDO)
Shelf Registration Bond III Bank CIMB Niaga Phase I Year 2019 Series C 19-Dec-19 19-Dec-24 AAA (PEFINDO)
Shelf Registration Sukuk Mudharabah I Bank CIMB Niaga Phase II Year 2019 Series C 21-Aug-19 21-Aug-24 AAA(sy) (PEFINDO)
Shelf Registration Sukuk Mudharabah I Bank CIMB Niaga Phase III Year 2020 Series C 27-Mar-20 27-Mar-25 AAA(sy) (PEFINDO)
The Pefindo AAA rating indicates that the Bank has a superior capacity for long-term financial commitments compared
to other obligors. In contrast, the Pefindo AA rating indicates a powerful capacity for long-term financial obligations
compared to other obligors.
PROFITABILITY AND EFFICIENCY RATIOS
CIMB Niaga measures profitability and performance efficiency using financial ratios, which consist of Profit on Assets
(ROA), Profit on Equity (ROE), Net Interest Margin (NIM), and the Operating Expenses to Operating Income ratio (BOPO).
In 2024, CIMB Niaga recorded profitability ratios, i.e., Return on Assets (ROA) and Return on Equity (ROE-Tier 1), at 2.53%
and 14.34% from the previous year, which were recorded at 2.59% and 15.02%, respectively. The Net Interest Margin
(NIM) ratio was recorded at 4.09%, from 4.40% in the previous year. The BOPO ratio was recorded at 74.02% of the prior
year, which was 71.47%.
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Highlights Report Profile Discussion & Analysis Management
LIQUIDITY AND ASSET-LIABILITY relies on basic information from liquidity ratio reports
MANAGEMENT determined by management and developed by the Risk
CIMB Niaga prioritizes liquidity management in Management Work Unit.
adjustment fund inflows and outflows. The Asset Liability
Committee (ALCO) coordinates CIMB Niaga’s liquidity The liquidity risk subchapter of the Risk Management
and asset-liability management. The committee holds chapter provides a detailed discussion of CIMB Niaga’s
monthly meetings involving the business, treasury, loan, liquidity management.
funding, and other relevant units to ensure that a liquidity
position is achieved at the expected level. CREDIT COLLECTIBILITY LEVEL AND
PRODUCTIVE ASSET QUALITY ANALYSIS
CIMB Niaga conducts continuous credit risk control to
CIMB Niaga anticipates fund flow gaps by maintaining main the loan collectibility provided. This is achieved
first-level liquid assets, mandatory reserves, and highly through gradual improvements in asset quality,
liquid short-term securities. Second-level liquid assets portfolio diversification toward healthier sector growth,
are retained by placing short-term funds in other banks, infrastructure, and business processes, human resource
securities, and government bonds in the available-for- capabilities in the credit field, and policy and procedure.
sale category. Liquidity management is also carried out From 2022 to 2024, the Bank’s analysis of productive
by managing the structure of funding sources, focusing asset quality and loan collectibility is as follows:
on depositor concentration limits. Liquidity management
(in million Rupiah)
Growth (%)
Loans based on Collectibility 2024 2023 2022
2023–2024 2022–2023
Current 214,781,270 198,578,681 180,093,815 8.16 10.26
Special Mention 9,226,979 10,633,639 11,060,818 (13.23) (3.86)
Sub-standard 583,437 482,810 745,675 20.84 (35.25)
Doubtful 600,377 760,489 662,600 (21.05) 14.77
Loss 2,810,932 2,914,251 4,048,106 (3.55) (28.01)
Total 228,002,995 213,369,870 196,611,014 6.86 8.52
In 2024, the gross amount of CIMB Niaga’s loans with substandard, doubtful, and loss collectibilities was Rp4.0 trillion,
a decrease of Rp162.8 billion from Rp4.2 trillion in 2023. The NPL-gross ratio was 1.8%, and the NPL-net ratio was 0.7%,
compared to the NPL-gross ratio of 2.0% and the NPL-net ratio of 0.7% in the previous year.
The total restructured loans in 2024 was Rp616.1 billion, a 29.64% decrease, or Rp259.5 billion, from Rp875.7 trillion in
2023.
(in million Rupiah)
Restructured Loans 2024 2023 2022
Working Capital 55,374 471,736 732,526
Investment 363,184 260,829 456,679
Consumption 197,581 143,098 192,099
Total 616,139 875,663 1,381,304
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Significant Agreements
CIMB Niaga has entered into several agreements with the rental rate was Rp127,300 (in full amount) per
third parties to support its business operations. The square meter per month, while for the year ending 31
significant agreements with the third party are as follows: December 2024, the rental payment was Rp132,392
1. On 7 April 2008, Bank CIMB Niaga signed a 29- (in full amount) per square meter per month.
year office space lease agreement with PT Niaga 2. In March 2016, Bank CIMB Niaga entered into a
Manajemen Citra for the building located at Griya bancassurance agreement with PT Sunlife Financial
Niaga 2 Building, Jl. Wahid Hasyim Blok B.4 No.3, Indonesia to offer Sun Life insurance products
Bintaro Jaya Sector VII, Tangerang. The rental fees through the Bank’s distribution channels. The original
amounted to Rp181,000, paid in 11 installments. Prior agreement was set to last until 12 April 2033. The
to signing this lease, a rental deposit of Rp5,650 was agreement has been amended, with a re-signing date
paid on 27 March 2007. This deposit also served as of 5 April 2022. The new agreement is valid until 31
the first installment. The final installment was paid December 2039.
in January 2009. Additionally, on 30 October 1997, 3. In December 2016, Bank CIMB Niaga entered into
Bank CIMB Niaga entered into a first lease agreement a bancassurance agreement with PT CIMB Niaga
with PT Niaga Manajemen Citra for a building located Auto Finance, PT Sompo Insurance Indonesia, and
at Griya Niaga 1 Building, Jl. Wahid Hasyim Blok B.4 Sompo Japan Nipponkoa Insurance Inc. to offer
No. 3, Bintaro Jaya Sector VII, Tangerang. This lease Sompo insurance products through the Bank’s
agreement was extended, with the latest renewal distribution channels. This agreement is valid until
on 1 January 2023, extending the lease term until 31 December 2035.
31 December 2028. During the year ended 2023,
Bank Capital Structure
CAPITAL STRUCTURE DETAILS categories: core capital (Tier 1), which includes main core
CIMB Niaga maintains a strong and sound capital capital and additional core capital, and supplementary
structure to ensure maximum support for sustainable capital (Tier 2). Core capital remains the main component
business growth. In 2024, the proportion of CIMB Niaga’s of CIMB Niaga’s capital structure.
liabilities and equity to fund assets was 85.23% and
14.77%, respectively. In 2024, core capital (Tier 1) had an important role in
CIMB Niaga’s capital composition, contributing 95.33%
According to Financial Services Authority Regulation of total capital with a Tier 1 Mandatory Minimum-Capital
No. 27 of 2022 regarding the Second Amendment to Requirements Ratio of 22.25%. The following report
POJK No. 11/POJK.03/2016 concerning the Obligation of presents the calculation of the Capital Adequacy Ratio
Minimum Capital Provision, capital is divided into two (KPMM) for the years 2024, 2023, and 2022:
(in million Rupiah unless otherwise stated)
Capital Adequacy Ratio (KPMM) Calculation 2024 2023 2022
Core Capital (Tier 1) 50,821,659 45,804,024 41,314,708
Supplementary Capital (Tier 2) 2,492,154 2,262,705 2,112,356
Total Capital 53,313,813 48,066,729 43,427,064
Risk Weighted Assets (RWA)
RWA for loans risk 198,320,856 177,430,536 161,781,896
RWA for market risk 14,271,204 6,622,728 2,702,595
RWA for operational risk 15,830,915 16,072,634 31,234,145
Total RWA 228,422,975 200,125,898 195,718,636
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(in million Rupiah unless otherwise stated)
Capital Adequacy Ratio (KPMM) Calculation 2024 2023 2022
CAR for loans and operational risks 24.90% 24.84% 22.50%
CAR for loans, market, and operational risks 23.34% 24.02% 22.19%
Tier-1 CAR 22.25% 22.89% 21.11%
Tier-2 CAR 1.09% 1.13% 1.08%
CIMB Niaga obtained subordinated loan facilities that can be considered as supplementary capital, which consist of
subordinated bonds issued by CIMB Niaga and have been approved by Bank Indonesia (BI)/Financial Services Authority (OJK)
to consider the Subordinated Bonds as supplementary capital in the calculation of the Capital Adequacy Ratio. In 2024, the
supplementary capital of CIMB Niaga was recorded at Rp2.5 trillion, contributing 4.67% of the Bank’s total capital.
The following is information regarding the subordinated bonds that have been issued by CIMB Niaga, some of which have
not yet matured as of year-end 2024:
Nominal
Maturity Interest
Instrument Effective Statement Approval (in billion Tenor
Date Rate/Annum
Rupiah)
CIMB Niaga OJK Capital Market OJK Banking 75 7 years 15 November 10.00%
Subordinated Bonds Ill Supervisory, in Letter Supervisory, in Letter 2025
Year 2018 Series B with No. S-158/D.04/2018 No. S-89/PB.33/2018
a fixed interest rate dated 8 November 2018 dated 26 July 2018
Shelf Registration OJK Capital Market OJK Banking 83 5 years 19 December 8.05%
Subordinated Bond I Supervisory, in Letter Supervisory, in Letter 2024
Bank CIMB Niaga Phase No.S194/D.04/2019 No. S-51/PB.33/2019
I Year 2019 with a fixed dated 12 December 2019 dated 21 October 2019
interest rate
In addition to issuing the aforementioned subordinated In 2024, in accordance with POJK No. 27 of 2022, the CAR
bonds, the Bank has implemented other strategies to that should be provided while considering the risk profile
increase its capital adequacy level in 2024, such as rating of Low to Moderate (2) and the Basel 3 buffer
improving asset quality and low-cost funding sources. was 13.40%, with a maximum buffer value of 13.50%.
Information regarding the capital structure is explained CIMB Niaga’s CAR ratios for 2024, 2023, and 2022
in more detail in the Risk Management – Capital Structure were 23.34%, 24.02%, and 22.19%, respectively. This
section of this Annual Report. achievement showed that CIMB Niaga’s capital reserves
exceeded the minimum CAR ratio required by regulators.
MANAGEMENT POLICY ON CAPITAL
STRUCTURE BASIS FOR DETERMINING MANAGEMENT
The achievement or acquisition of the CAR (Capital POLICY ON CAPITAL AND DEBT STRUCTURE
Adequacy Ratio) reflects the Bank’s capital adequacy The Board of Directors and the Board of Commissioners
indicators. CAR reflects the Bank’s ability to support its plan, discuss, and monitor the Bank’s capital and debt
organic growth while also accommodating potential loss requirements on an annual basis, with data analysis
risks. The higher the CAR ratio, the stronger the Bank’s supporting their decisions. The Management has set the
ability to support business growth and bear risk. CIMB basis for determining capital and debt structure policies
Niaga continues to maintain capital adequacy levels that based on several factors, including economic forecasts,
exceed the regulator’s minimum CAR requirement. In business growth potential, risk appetite, stress testing
2024, CIMB Niaga had a minimum capital adequacy ratio results, and capital ratio targets.
(CAR) of 23.34%.
With these efforts, CIMB Niaga will be able to survive
On a consolidated basis, CIMB Niaga is developing the the economic cycle, taking advantage of growth and
Internal Capital Adequacy Assessment Process (ICAAP) strategic opportunities, maximizing shareholder returns,
as a method for determining capital adequacy in relation and carrying out business within the risk appetite corridor
to the risk profile and developing strategies to maintain while adhering to applicable regulations.
capital levels. In 2024, CIMB Niaga’s risk profile self-
assessment was rated as Low to Moderate (2).
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Investment Property
For the period ended December 31, 2024, CIMB Niaga did not hold any Investment Property with the intention of earning
capital gains or leasing to third parties.
Material Commitment to Capital Goods Investment
Until the end of 2024, CIMB Niaga did not have any material commitments related to capital goods investment.
Capital Goods Investment Realized
in the Last Fiscal Year
TYPES AND VALUE OF CAPITAL GOODS INVESTMENT
CIMB Niaga’s capital goods investments consist of fixed assets such as land, buildings, equipment, machinery, office
furniture, motor vehicles, and non-fixed assets such as system and infrastructure development. In 2024, the Bank’s
capital goods investment value was Rp954.3 billion, an increase of 35.69% from 2023 or Rp705.3 billion, mainly due to
an increase in capital goods investment in the Equipment, Machinery, Office Furniture, and Assets in Progress categories
of Rp270.3 billion. The increase was compensated for by a decrease in capital goods investment in the categories of
Rp9.7 billion for land and buildings, including renovation and installation; Rp7.8 billion for motor vehicles; and Rp1.8
billion for systems and infrastructure development.
The following information describes the value of CIMB Niaga’s capital goods over the last three years:
(in million Rupiah)
Types of Capital Goods 2024 2023 2022
Equipment, machinery, office furniture, and assets in progress 954,333 684,051 796,742
Systems and infrastructure development - 1,773 13,214
Motor vehicles - 7,775 1,936
Land and Buildings including renovation and installations 5 9,710 1,017
Total 954,338 703,309 812,909
CAPITAL GOODS INVESTMENT OBJECTIVES Furthermore, CIMB Niaga continues to develop Branchless
The Bank’s capital goods investment is carried out with Banking and Digital Banking services and expand its
the aim of purchasing or increasing the value of fixed service network for customers, as well as to innovate
assets that are expected to provide beneficial value in comprehensively in customer services in response to the
the future, can meet operational activities needs, and are most recent market demands and developments.
consistent with sustainable business expansion. Assets
under construction consist of land, buildings including Management believes that foreign currency fluctuations
renovations and installations, equipment, machinery, do not have a significant impact on commitment for
and office furniture. The construction is estimated to be capital goods investment. To finance its capital goods
completed between 2025 and 2026, with a completion investments, CIMB Niaga uses funds derived from
rate of 70% - 80% to date. business results and prioritises the purchase of capital
goods in Rupiah currency.
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Comparison of Targets and Realizations 2024
Information regarding the comparison of the achievement of targets set and the realization in the 2024 financial year is
as follows:
Description Target 2024 Realization 2024
Operational and Financial
Customer Deposit Growth 5.0%-8.0% 10.5%
Loan Growth 5.0-7.0% 6.9%
CASA ratio 62.0%-68.0% 66.0%
Net Interest Margin (NIM) 4.2%-4.4% 4.1%
Cost to income ratio (CIR) <45% 44.3%
NPL Gross 2.0%-2.3% 1.8%
Cost of credit - CoC 0.9% - 1.2% 0.8%
Return on asset (ROA) 1.7%-2.0% 2.5%
Return on equity (ROE - Tier-1) 14.0%-16.0% 14.3%
Capital Adequacy Ratio (CAR) 22.0%-24.0% 23.3%
Human Resources
Organization Health Index (Consolidated) >85 (Top Decile) 92 (Top Decile)
Bankwide Hi-Performer Retention 85% 95.2%
The performance results of CIMB Niaga are as follows: CIMB Niaga consistently implements an effective
1. The Net Interest Margin (NIM) was recorded at 4.1%, marketing strategy to increase brand awareness. In line
within the specified target range. with the company’s strategy, CIMB Niaga achieved a
2. The cost-to-income ratio (CIR) was 44.3%, within the percentage of Spontaneous Brand Awareness of 51%
target range. (stable compared to 2023) and a percentage of Ad
3. The Return on Assets (ROA) of 2.5% and Return on Spontaneous Awareness of 15% (a 1% increase from
Equity (ROE) Tier-1 of 14.3% exceeded the target set. the previous year). The emerging affluent segment’s
This was mainly due to increased the Bank’s profit awareness increased to 54%. The results of this
over the previous year. awareness indicated that the communication and
4. Loan growth increased to 6.9%. messages delivered are highly effective and have a strong
5. The Gross NPL of 1.8% exceeded the set target. connection to the community.
6. The Cost of Credit (CoC) has increased and exceeded
the target to 0.8%. CIMB Niaga has set several HR targets to support
7. The CASA ratio remains within the desired range. The the Bank’s achievements and realize the HR vision of
CASA ratio in 2024 was 66.0%, an increase from the becoming the employer of choice, using an indicator, such
previous year of 63.9%. as the Organization Health Index, which describes the
8. The minimum capital adequacy ratio (CAR) of level of organizational health based on the implementation
23.3% remains within the target set. CIMB Niaga’s of several management practices that have an impact on
consolidated profit before tax was raised to Rp8.73 organizational health and performance, as well as High
trillion, an increase from Rp8.36 trillion in the previous Performers Retention, which describes the Bank’s efforts
year. to retain the best talent. In 2024, CIMB Niaga exceeded
its target.
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2025 Projections
CIMB Niaga has set several projections for 2025, and detailed information includes the following:
Description Projections 2025
Operational and Financial
Customer Deposit Growth 6.0% - 10.0%
Loan Growth 5.0% - 7.0%
CASA ratio 65.0-68.0%
Net Interest Margin (NIM) 3.9% - 4.2%
Cost to income ratio (CIR) 44.0% - 47.0%
NPL Gross 1.8% - 2.3%
Cost of credit - CoC 1.0% - 1.2%
Return on asset (ROA) 1.8% - 2.2%
Return on equity (ROE - Tier-1) 14.0% - 16.0%
Capital Adequacy Ratio (CAR) 22.0%-24.0%
Dividend policy 20% - 60%
BASIS OF THE 2025 PROJECTIONS The macroeconomic projections used by the Bank to
In 2025, the resilience of Indonesia’s economic growth develop the 2025 targets include 5.1%, economic growth,
amid global uncertainty risks will serve as a strong basis 2.9% inflation, a Rp14,650/USD exchange rate, and a 10-
for achieving domestic economic growth targets. The year SUN interest rate ratio of 7.1%. (Source: Ministry of
safe and conducive implementation of the 2025 General Finance). Based on these assumptions, CIMB Niaga will
Election is critical to achieving national economic, social, implement several initiatives and programs to maintain
and political stability. As a result, loan disbursement is and boost business growth, including direct promotions
expected to grow further despite the challenges of an and product bundling, as well as improving the customer
economic slowdown caused by the global economy. experience, which is expected to increase the amount of
low-cost funding.
Furthermore, CIMB Niaga has HR and Marketing
Development Plans/Projections outlined in the Human
Resources and Marketing Aspect Report of this Annual
Report.
Dividend Distribution Policy
DIVIDEND POLICY
CIMB Niaga implements a dividend distribution policy 3. The Bank is permitted to distribute a minimum of 20%
based on decisions made during the General Meeting of (twenty percent) of its annual net income as dividends
Shareholders (GMS) and in compliance with Law No. 40 (payout ratio), provided that it considers the Bank’s
of 2007 on Limited Liability Companies. CIMB Niaga has financial performance, Capital Adequacy Ratio (CAR)
established and is adhering to Dividend Policy No. M.03, after dividend distribution, other investment projects,
which ensures that the principles of Good Corporate the Bank’s soundness, and other relevant factors.
Governance are upheld in the dividend distribution process. Dividends can only be distributed if the Bank reports
Dividend Policy No. M.03 outlines, among other things: a net profit and has a positive profit balance, after
1. The dividend distribution plan must be reviewed by accounting for the reserves required by the Limited
the Board of Directors or an equivalent Committee at Liability Companies Law.
least once a year. 4. The plan for dividend distribution is included in the
2. A proposal for dividend distribution must be Bank’s Business Plan and submitted to the OJK.
submitted during a meeting of the Board of Directors
or an equivalent Committee.
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5. The proposed dividend distribution, once approved CHRONOLOGY OF DIVIDEND DISTRIBUTION
by the Board of Directors or an equivalent The 2024 Annual GMS, held on 3 April 2024, approved a
Committee, is subsequently submitted to the Board net profit of Rp3,084.4 billion (gross) for the 2023 fiscal
of Commissioners for recommendation before year, to be distributed as cash dividends according to the
seeking approval from the Annual General Meeting of following schedule:
Shareholders (AGMS). 1. Announcement of Dividend Distribution Schedule and
6. If the AGMS approves the distribution of cash Procedures: 3 April 2024
dividends, the Bank must pay the cash dividends to 2. Cum Dividend in the Regular and Negotiation Markets:
eligible shareholders no later than 30 (thirty) days 19 April 2024
after the AGMS decision, ensuring equal treatment 3. Ex-Dividend in the Regular and Negotiation Markets: 22
for all eligible shareholders, in accordance with the April 2024
procedures determined by the Board of Directors and 4. Cum dividend in the Cash Market: 23 April 2024
applicable regulations. 5. Recording Date for eligible shareholders: 23 April 2024
7. Shareholders who are eligible to receive dividends 6. Ex-Dividend in the Cash Market: 24 April 2024
must comply with Indonesian tax regulations. 7. Payment of Dividend for the 2023 Fiscal Year: 3 May
8. The Bank may delay, and/or hold dividend payments, 2024
and/or withdraw dividend payments from controlling
shareholders, considering factors such as, but not The 2023 Annual GMS, held on 10 April 2023, approved
limited to, the capital ratio declining below the critical a net profit of Rp2,871.8 billion (gross) for the fiscal
threshold, financial condition issues, and instructions year 2022, which was distributed as cash dividends.
from the regulator/OJK. Meanwhile, on 8 April 2022, the 2022 Annual GMS
9. Proposals for delaying, and/or holding dividend approved the net profit for the fiscal year 2021 of
payments, and/or withdrawing dividend payments Rp2,345.7 billion (gross) to be distributed as dividends.
from controlling shareholders, once approved by All CIMB Niaga’s net profits for the fiscal years 2023 and
the Board of Directors or an equivalent Committee, 2022, after deducting dividends to shareholders, are used
are submitted to the Board of Commissioners for to fund its business activities.
recommendations. The proposal is subsequently
presented to the General Meeting of Shareholders
(GMS) for approval, in compliance with applicable
laws and regulations.
The chronology of CIMB Niaga’s dividend distribution for the 2023, 2022, and 2021 fiscal years is as follows:
Dividend Per Announcement
Fiscal Year Net Profit Dividend Payout Ratio Payment Date
Share Date
2023 Rp6.2 trillion Rp3,084.4 billion Rp122.67 50.00% 3 April 2024 3 May 2024
2022 Rp4.8 trillion Rp2,871.8 billion Rp115.16 60.00% 10 April 2023 10 May 2023
2021 Rp3.9 trillion Rp2,345.7 billion Rp94.07 60.00% 8 April 2022 28 April 2022
Long-Term Compensation Policy
EQUITY OWNERSHIP PROGRAM (EOP) following the purchase, depending on the employment
In March 2011, the CIMB Group introduced the Equity relationship between the employee and Bank CIMB Niaga.
Ownership Program (EOP), through which ordinary shares
of the CIMB Group were provided to eligible employees, A related company will manage the EOP on behalf of
including Senior Vice Presidents (SVPs), Executive Vice the CIMB Group and will hold the shares until they are
Presidents (EVPs), and the Board of Directors, with the delivered to the employees. Eligibility for participation in
costs charged directly to CIMB Niaga. Under the EOP, the EOP will be determined by the Group Compensation
part of the remuneration for eligible employees is used to Review Committee of CIMB Group. Employees who leave
purchase CIMB Group’s ordinary shares from the market. the company for reasons other than retirement, disability,
Subsequently, the purchased shares are progressively or death, will forfeit any unreleased shares.
distributed to eligible employees on specific dates
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The detailed information provided by CIMB Group about the EOP is as follows:
Amount paid by Average price
CIMB Niaga to the per
Total Shares
EOP Grant Date entity established share (full Effective Date Percentage Vesting Period
(full amount)
by CIMB Group amount)
(Rpmillion) RM
11 March and 30,733 2,402,049 3.52 11 March and 33.33% 31 March 2021
9 April 2020 9 April 2020 33.33% 31 March 2022
33.33% 31 December 2022
9 March and 10,524 707,958 4.21 9 March and 33.33% 31 March 2022
5 April 2021 5 April 2021 33.33% 31 March 2023
33.33% 31 December 2023
10 March 2022 4,340 238,000 5.32 10 March 2022 50.00% 31 March 2023
50.00% 31 March 2024
14 March and 6,937 411,839 5.07 14 March and 33.33% 31 March 2023
8 April 2022 8 April 2022 33.33% 31 March 2024
33.33% 31 December 2024
24 March and 7,291 436,734 5.02 24 March and 33.33% 31 March 2024
10 April 2023 10 April 2023 33.33% 31 March 2025
33.33% 31 December 2025
25 March and 6,585 282,027 6.88 25 March and 33.33% 31 March 2025
3 April 2024 3 April 2024 33.33% 31 March 2026
33.33% 31 December 2026
The information on the transfer of the number of rights to shares granted is as follows (full value):
Description 2024 2023 2022
Beginning Balance 1,213,972 1,005,414 1,653,830
Granted 282,027 996,687 649,839
Exercised* (818,779) (788,129) (1,298,255)
Ending Balance 677,220 1,213,972 1,005,414
*
Vested/Resignation
SHARE-BASED COMPENSATION RESERVE
The share-based compensation reserve as of 31 December 2024 was Rp90,944 million (2023: Rp137,123 million; and
2022: Rp137,105 million)* and is used to record the reserve for the Management Employee Stock Option Program
(MESOP), Material Risk Taker (MRT), and Long Term Incentive Plan (LTIP). This reserve is also used to record shares
granted to employees that have not yet been exercised, specifically in relation to the Material Risk Taker (MRT) program,
in accordance with POJK No. 45/POJK.03/2015, dated 23 December 2015, which governs the Implementation of
Governance in Providing Remuneration for Commercial Banks.
Additionally, the share-based compensation reserves are used to record share reserves related to the Long Term
Incentive Plan (LTIP), which was introduced in June 2021. The LTIP program is a CIMB Group initiative that offers share-
based compensation and CIMB Group share options in stages to Bank employees who meet specific criteria established
by the CIMB Group LTIP Committee, considering factors such as the employment relationship and both employee and
company performance.
The MRT remuneration policy applies to employees designated as MRTs, requiring a portion of their variable remuneration
to be deferred in either cash or shares. This policy reflects the implementation of the prudence principle in providing
remuneration.
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Realization of the Use of Proceeds from Public Offerings
CIMB Niaga did not issue any new shares or bonds/sukuk/subordination until the end of 2024.
Other Important Transactions
in Significant Amounts
During 2024, there were no other important transactions with significant amount.
Material Information and Facts Subsequent to
the Date of the Accountant’s Report
During 2024, there was material information and facts that occurred subsequent to the date of the accountant’s report, as
listed below.
EVENTS AFTER THE BALANCE SHEET DATE
On 14 January 2025, Bank CIMB Niaga purchased mutual fund units, BNP Paribas Kemilau Proteksi Rupiah, Protected
Mutual Funds, with an ownership percentage of 99.99% or Rp550,000. These mutual funds will be consolidated based on
SFAS 227 (previously SFAS 4).
Significant Changes at the Bank and the Bank’s Business
Group in the Related Year
In 2024, there were no significant changes to the Bank and its Business Group.
Financial Information that Has Been Reported, which Contains
Events that are Extraordinary and Rarely Occur
Throughout 2024, no financial information existed on an extraordinary or rare event.
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Provision of Funds, Commitments, and Other Facilities
CIMB Niaga provides funds to related parties (individuals and groups, including Executive Officers, the Board of Directors,
and the Board of Commissioners of the Bank) in accordance with internal policies and carried out fairly, under reasonable
conditions, and with the approval of the Board of Commissioners. Transactions related to the provision of funds to related
parties are explained in the sections on Material Transactions, Conflicts of Interest, and Transactions with Affiliated Parties/
Related Parties.
Significant Prohibition, Limitation, and Challenges
to Transfer Funds Between the Bank and Other Entities
in the Business Group
Throughout 2024, CIMB Niaga did not record any significant prohibitions, limitations, or challenges in transferring funds
between the Bank and other entities within the CIMB Group.
Information on Material Transactions Related to Investment,
Expansion, Divestment, Business Incorporation/Merger,
Acquisition, and Debt/Capital Restructuring
The Board of Directors follows proper procedures for all material transactions. The Bank ensures that all affiliated
transactions are carried out according to generally accepted business practices. The Board of Commissioners and Directors
is responsible for ensuring that transactions are conducted by generally accepted business practices and through adequate
procedures, including compliance with the arm’s length principle and the appointment of an independent party to assess
the fairness of the transaction value.
INVESTMENT
In 2024, CIMB Niaga did not engage in material value investment activities, so no information was presented about the
objectives, transaction values, or funding sources for expansion activities.
EXPANSION
CIMB Niaga did not conduct any significant expansion activities in 2024. As a result, CIMB Niaga does not disclose any
information about the objective, transaction value, or source of funds for expansion activities.
DIVESTMENT
In 2024, CIMB Niaga did not carry out any material divestment activities. As a result, no information regarding the objective,
transaction value, or source of funds for divestment activities is presented.
ACQUISITION
CIMB Niaga did not make any material acquisitions in 2024. As a result, no information regarding the objective, transaction
value, or source of funds for acquisition activities is presented.
DEBT AND CAPITAL RESTRUCTURING
There were no significant debt or capital restructuring activities in 2024. As a result, CIMB Niaga does not disclose
information about the objective, transaction value, or source of funds for restructuring activities.
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Material Transactions with Conflicts of Interest and
Transactions with Affiliated/Related Parties
MATERIAL TRANSACTIONS WITH g. A person identified in (1a) has significant influence
CONFLICTS OF INTEREST over the entity or is a member of the entity’s key
In 2024, CIMB Niaga did not engage in material management (or a parent of the entity’s); or
transactions involving conflicts of interest. h. The entity, or part of a group of which the entity
is a member, provides key management personnel
TRANSACTIONS WITH AFFILIATED OR to the reporting entity or shareholders of the
RELATED PARTIES reporting entity.
Bank CIMB Niaga and Subsidiaries do transactions with
related parties. In accordance with PSAK 224 (previously In providing credit transactions with affiliated and
PSAK 7) (revised 2015) on “Related Party Disclosures,” a related components, CIMB Niaga has also referred to
related party is anyone or any entity that is related to the Financial Services Authority Regulation (POJK) No.
reporting entity, as explained below: 38/POJK.03/2019 concerning the Maximum Lending
1. A person or immediate family member is considered Limits and the Provision of Large Amounts of Funding
related to the reporting entity if they: for Commercial Banks, as well as CIMB Niaga’s internal
a. have control or joint control over the reporting provisions, including the Commercial Credit Policy and
party; Consumer Credit Policy, and needs to get approval from
b. Possesses significant influence over the reporting the Board of Commissioners before it is implemented.
entity or
c. Serves as a key manager or parent of the reporting REASON BEHIND TRANSACTION WITH
entity. AFFILIATE/RELATED PARTIES
2. An entity is related to a reporting entity if one of the Transactions with related parties are carried out mainly
following conditions is met: for the benefit and continuity of CIMB Niaga’s business
a. The entity and the reporting entity are members and are related to the lending and borrowing of funds in
of the same business group (meaning the parent the context of normal business activities that generate
entity, subsidiaries, and subsequent subsidiaries income and are carried out in a regular, recurring, and/
are related to another entity); or sustainably.
b. An entity is an associated entity or joint venture
of another entity (or an associated entity or joint FAIRNESS OF TRANSACTIONS, REVIEW
venture that is a member of a business group, of MECHANISM, AND COMPLIANCE WITH
which the other entity is a member); REGULATIONS ON TRANSACTIONS
c. Both entities are joint ventures by the same third WITH AFFILIATED/RELATED PARTIES
party; The exact terms and conditions apply to transactions
d. One entity is a joint venture of a third entity, while with affiliated/related parties and third parties. When
the other is an associate of the third entity. they were carried out, CIMB Niaga’s transactions
e. The entity is a post-employment benefit plan for complied with the Financial Services Authority of the
employees of the reporting entity or a related Republic of Indonesia’s Regulation No. 42/POJK.04/2020
entity; on “Affiliated Transactions and Conflicts of Interest”. In
f. The entity is controlled or jointly controlled by a the normal course of business, CIMB Niaga conducts
person identified in (1) above; transactions with related parties due to ownership and/or
management relationships. All transactions with related
parties are conducted on mutually agreed-upon terms
and conditions.
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The table below provides detailed information about CIMB Niaga’s transactions with related parties and their nature as
of 31 December 2024.
Related Parties Nature of the Relationship Nature of Transaction
CIMB Bank Berhad Controlled by the same ultimate shareholder Current accounts with other banks;
Other assets; Deposits from other banks;
Subordinated loans; Obligations due
immediately; Accrued Expenses
CIMB Thai Bank Public Company Limited Controlled by the same ultimate shareholder Current Account with other banks; Deposits
from other banks
PT Niaga Manajemen Citra Managed by Bank CIMB Niaga’s executive officers Prepaid expenses; Deposits from customers
CIMB Group Sdn Bhd Majority shareholder Other assets; Deposits from other banks
PT Synergy Dharma Nayaga Controlled by the same ultimate shareholder Deposits from customers
PT Commerce Kapital Controlled by the same ultimate shareholder Deposits from customers
Southeast Asia Special Asset Vehicle Limited Controlled by the same ultimate shareholder Deposits from customers
PT Principal Asset Management Controlled by the same ultimate shareholder Deposits from customers
CIMB Private Equity Sdn Bhd Controlled by the same ultimate shareholder Deposits from customers
Dana Pensiun Bank CIMB Niaga Managed by Bank CIMB Niaga’s executive officers Deposits from customers
CIMB Group Holdings Berhad Majority shareholder Deposits from customers
CIMB Islamic Bank Berhad Controlled by the same ultimate shareholder Deposits from other banks
CIMB Investment Bank Berhad Controlled by the same ultimate shareholder Deposits from other banks
CIMB Securities Limited Controlled by the same ultimate shareholder Deposits from customers
Dewan Komisaris, Dewan Direksi, dan Pejabat Management of Bank CIMB Niaga Loans; Deposits from customers
Eksekutif Bank
As previously mentioned, the Board of Directors has confirmed that the aforementioned affiliated transactions complied
with appropriate procedures. The Bank has also ensured that these affiliated transactions comply with generally accepted
business procedures, including the arm’s-length principle.
The Board of Commissioners and the Audit Committee are responsible for ensuring that these transactions follow
appropriate procedures and are conducted according to generally accepted business practices, including the arm’s length
principle.
CIMB Niaga engages in affiliate transactions or material transactions, which are business activities carried out to generate
business income and are carried out regularly, continually, and/or sustainably. These transactions are also outlined in the
Annual Financial Report in the Notes to Financial Statements.
THE VALUE OF TRANSACTIONS WITH RELATED PARTIES
In 2024, the total value of transactions with related parties on the asset side, was Rp955.2 billion, while on the liability
side it was Rp1,164.9 billion. Information regarding outstanding balances on transactions with related parties that are
associates of CIMB Niaga is as follows:
(in million Rupiah)
Value of Transactions with Related Parties 2024 2023 2022
ASSETS
Current Accounts with Other Banks
CIMB Bank Berhad 49,822 19,395 5,221
CIMB Thai Bank Public Company Limited 11,231 5,334 2,185
Loans
Board of Directors 54,385 87,446 88,442
Board of Commissioners - 9,568 -
Executive Officers of the Bank 88,700 73,743 67,853
PT CGS-CIMB Sekuritas Indonesia - - 30,000
Prepaid Expenses
PT Niaga Manajemen Citra 86,339 92,580 98,822
Other Assets
CIMB Bank Berhad 664,740 654,271 122,789
CIMB Group Sdn Bhd - - 1,476
Total assets associated with related parties 955,217 942,337 416,788
Percentage to total assets 0.27% 0.28% 0.14%
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(in million Rupiah)
Value of Transactions with Related Parties 2024 2023 2022
LIABILITIES
Customer deposits
Current Accounts
Board of Commissioners - 5,232 5,307
Board of Directors 84 247 251
Executive Officers of the Bank 9,397 - -
PT Commerce Kapital 129,253 97,566 70,972
PT Synergy Dharma Nayaga 103,921 102,721 101,537
Southeast Asia Special Asset Vehicle Limited 10,673 10,575 16,115
PT Principal Asset Management 491 967 690
CIMB Private Equity SDN BHD 109 110 110
CIMB Securities Limited - 497 445
CGS-CIMB Futures Indonesia - - 15,503
PT CGS-CIMB Sekuritas Indonesia - - 10,098
PT CGS Konsultan Management - - 380
CGS-CIMB Securities (Singapore) Pte Ltd - - 86
Bank CIMB Niaga Pension Fund - 691 479
PT Niaga Manajemen Citra 2 20 15
CIMB Group Sdn Bhd - - 8,111
CIMB Group Holdings Berhad 4 5 5
Savings
Board of Commissioners 6,393 15,526 11,994
Board of Directors 113,402 87,926 86,650
Executive Officers of the Bank 182,062 150,334 141,260
Bank CIMB Niaga Pension Fund - 4 5
Time Deposits
Board of Commissioners 2,863 5,950 3,521
Board of Directors 5,023 3,516 381
Executive Officers of the Bank 15,185 22,169 13,764
PT Principal Asset Management 4,100 7,000 3,500
PT CGS Konsultan Management - - 1,000
Bank CIMB Niaga Pension Fund - 540 -
CGS-CIMB Futures Indonesia - - 15,000
PT CGS-CIMB Sekuritas Indonesia - - 71
Deposits from other banks (Current Accounts)
CIMB Bank Berhad 93,819 86,838 189,572
CIMB Islamic Bank Berhad 8,327 4,455 3,720
CIMB Investment Bank Berhad 198 534 138
CIMB Thai Bank Public Company Limited 570 2,060 1,410
CIMB Group Sdn Bhd 21,147 23 -
Derivative payables
CIMB Bank Berhad - - 53,261
Subordinated Bonds
CIMB Bank Berhad 35,767 35,996 71,062
Obligations Due Immediately
CIMB Bank Berhad 384,166 91,885 217,593
CIMB Investment Bank- Berhad 37,448 - -
Accruals
CIMB Bank Berhad 460 460 913
Total liabilities attributed to related parties 1,164,864 733,847 1,044,918
Percentage to total liabilities 0.38% 0.26% 0.40%
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Spot and Derivative Transactions
In 2024, CIMB Niaga recorded activities involving spot transactions, derivatives, and hedging facilities, as shown in the
table below.
(in million Rupiah)
Growth (%)
Derivative Receivables and Liabilities 2024 2023 2022
2023–2024 2022–2023
Derivative receivables (fair value) 1,184,890 849,014 969,308 39.56 (12.41)
Unrelated to hedging 1,156,552 830,806 963,256 39.21 (13.75)
Hedging instruments in fair value hedges related 28,338 18,208 6,052 55.63 200.86
Derivative payables (fair value) 906,630 540,051 701,179 67.88 (22.98)
Unrelated to hedging 896,742 523,676 682,687 71.44 (23.29))
Hedging instruments in fair value hedges related 9,888 16,375 18,492 (45.94) (11.45)
Interest rate swaps and foreign currency swap transactions represented most of the Bank’s derivative receivables, 69.22%
and 10.49%, respectively. The increase in derivative receivables was mainly due to interest rate swap transactions, which
increased to Rp820.1 billion in 2024 from Rp378.3 billion in 2023.
(in million Rupiah)
Growth (%)
Derivative Receivables 2024 2023 2022
2023–2024 2022–2023
Interest rate swaps 820,141 378,297 429,845 116.80 (11.99)
Foreign currency swaps 124,290 331,446 416,323 (62.50) (20.39)
Foreign currency forwards 106,342 95,773 56,389 11.04 69.84
Foreign currency options 75,474 42,259 61,103 78.60 (30.84)
Bond futures contract 32,919 - - 100.00 -
Interest rate future 21,755 - 2,918 100.00 (100.00)
Foreign currency spots 3,969 1,239 2,730 220.34 (54.62)
Total 1,184,890 849,014 969,308 39.56 (12.41)
The Bank’s derivative liabilities of 43.87% are interest rate swaps. In 2024, the increase in derivative liabilities was mainly
due to interest rate swap transactions, which increased to Rp397.8 billion from Rp299.4 billion in 2023. CIMB Niaga
operates a hedging facility specifically for interest rate swap transactions.
(in million Rupiah)
Growth (%)
Derivative Liabilities 2024 2023 2022
2023–2024 2022–2023
Interest rate swaps 397,770 299,397 547,027 32.86 (45.27)
Foreign currency swaps 323,677 116,854 47,057 176.99 148.32
Foreign currency forwards 100,636 46,385 35,792 116.96 29.60
Foreign currency options 78,277 51,397 68,078 52.30 (24.50)
Foreign currency spots 3,552 24,174 715 (85.31) 3.280.98
Interest rate future 2,718 1,844 2,510 47.40 (26.53)
Total 906,630 540,051 701,179 67.88 (22.98)
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Changes in Law and Regulations with Significant Effect on
the Bank and Their Impact on Financial Report
No. Law or Regulation Significant Changes from the Previous Regulation or the Main Points of the New Regulation
1. POJK No. 2 of 2024 1. Changes and additions to DPS-related rules, including: DPS is classified as the Main Party and Related
and SEOJK No. 15/ Party of the Bank (effective 1-Jan-25); The number of DPS is at least 3 (three) people and a maximum of
SEOJK.03/2024 50% of the number of Directors (effective 1-Jan-26); the maximum term of office is the same as the term of
regarding the office of members of the Board of Commissioners (5 (five) years).
Implementation of 2. Adding the Bank’s obligations, which include:
Sharia Governance for a. Having internal procedures for implementing Sharia Governance Principles, along with evaluating and
Sharia Commercial updating these procedures.
Banks and Sharia b. Conducting an external review of the implementation of Sharia Governance, with the first report covering
Business Units. the period from July 2024 to June 2027.
3. Banks are required to have a Sharia Compliance Function, Sharia Risk Management, and Sharia Internal Audit.
4. Reporting Obligations:
a. Implementation of Sharia Governance: At the end of each financial year (in conjunction with the Bank’s
Governance Implementation Report).
b. Self-assessment of the implementation of Sharia Governance: At least 2 (two) times per year (previous rule
of 1 (one) time per year), and combined with the Governance Implementation Report.
c. Report immediately if a significant violation of Sharia principles occurs.
d. DPS Supervision Results Report: submitted semi-annually (at the end of February and the end of August).
2. POJK No. 19 of 2024 1. The LCR target remains unchanged, with a minimum requirement of 100%.
concerning the 2. Incorporating the Bank’s responsibility to prepare and submit the Internal Liquidity Adequacy Assessment
Obligation to Fulfill Process (ILAAP), serving as a regulatory framework for ILAAP procedures.
the Liquidity Coverage
Ratio (LCR) for
Commercial Banks.
3. POJK No. 20 of 1. The NSFR target remains the same, with a minimum requirement of 100%.
2024 regarding the 2. Additionally, Banks are now obligated to publish NSFR reports both individually and on a consolidated basis.
Requirement for
Commercial Banks to
Meet the Net Stable
Funding Ratio (NSFR).
4. POJK No. 12 of 2024 1. Enhancement of fraud-related behaviors based on input from the Corruption Eradication Committee (KPK)
concerning the and references to the Fraud Tree from the ACFE, including:
Implementation of a. Corruption
Anti-Fraud Strategies b. Asset misuse
for Financial Services c. Financial Report Fraud
Institutions. d. Leakage of Confidential Information
2. Banks must ensure that their subsidiaries and/or affiliate entities have an Anti-Fraud Policy in place and that
it is effectively implemented.
3. Banks required to have an Anti-Fraud Strategy work unit or function.
5. POJK No. 13 of 1. There have been additions and changes to the format of the SBDK Details Report submitted to OJK. The new
2024 concerning report format follows the SBDK Details Report format in APOLO.
Transparency and 2. Announcement of SBDK to Customers:
Publication of Basic a. In addition to being announced on the Bank’s website and at branches, the SBDK must also be announced
Credit Interest Rates through the Bank’s official digital channels and social media;
for Conventional b. The announcement of SBDK on the Bank’s digital channels must, at a minimum, include the SBDK for each
Commercial Banks. credit segment;
c. The SBDK calculation report items are based on the LBUT Report.
6. POJK No. 15 of 2024 1. In preparing Financial Information and Reports, Bank Management (Board of Directors, Board of Commissioners,
concerning the Sharia Supervisory Board, and Executive Officers) are prohibited from taking actions that intentionally lead to:
Integrity of Bank a. Financial Information and/or Financial Reports not accurately reflecting the actual condition of the Bank;
Financial Reporting. b. The manipulation of Financial Information and/or Bank Financial Reports;
c. Financial Reports that do not comply with Financial Accounting Standards (SAK) and OJK regulations
regarding the recording of financial transactions; and/or
d. Financial Information and/or Bank Financial Reports that do not comply with the provisions of laws and
regulations in the financial services sector.
2. Banks are required to prepare and establish internal control policies and procedures in the Bank’s financial
reporting process.
3. Banks are required to establish a Special Work Unit (UKK) responsible for preventing fraud or manipulation
in Financial Information and/or Bank Financial Reports. The UKK must be established no later than 6 (six)
months after the enactment of the POJK (by 9 April 2025).
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Impact and Adjustments Made by CIMBN
Reason for Changes Impact on Financial Report
and Subsidiaries
1. Carrying out the provisions of Law No. 4 1. CIMB Niaga has revised the Bank’s It does not have any impact on the Financial
of 2023 and aligning with the Roadmap internal procedures, including the Sharia Statements.
for the Development and Strengthening Supervisory Board (DPS) Charter, Board
of Indonesian Sharia Banking (RP3SI) for of Directors (BOD) Charter, and Board of
2023-2027. Commissioners (BOC) Charter.
2. CIMB Niaga will submit the results of the
External Review of Sharia Governance for
the period from July 2024 to June 2027.
3. CIMB Niaga will modify the GCG Annual
Report to comply with the regulations.
4. CIMB Niaga will amend the Bank’s Articles
of Association in 2025.
1. Revising the Basel Committee on CIMB Niaga will modify the Bank’s internal Effect on Bank Financial Statements.
Banking Supervision (BCBS) standards, procedures to align with these regulations.
which includes updates to liquidity risk
monitoring tools and further clarifications
on the components of the LCR.
1. Updating the Basel Committee on Banking CIMB Niaga will modify the Bank’s internal Impact on Bank Financial Reports.
Supervision (BCBS) standards and procedures to align with these regulations.
updating financial accounting standards.
1. As business activities become more 1. CIMB Niaga has updated the Bank’s Anti- It does not have any impact on the Financial
complex, Financial Services Institutions Fraud Policy since January 2025. Statements.
(LJK) face a growing risk of fraud, which 2. CIMB Niaga has submitted a report on the
can lead to losses for the financial services Implementation of the Anti-Fraud Strategy
sector, the government, and/or the public; on 31 January 2025 to the OJK through
2. The integration of OJK regulations APOLO.
concerning the implementation of the 3. CIMB Niaga has carried out education,
Anti-Fraud Strategy, which has already skill development, and the socialization
been applied in various financial services of information regarding the Anti-Fraud
sectors, is necessary, along with expanding policy.
its coverage to include all LJKs. 4. CIMB Niaga has established a dedicated
Anti-Fraud unit.
Commercial Banks are required to ensure 1. CIMB Niaga has modified the Bank’s Effect on Bank Financial Statements.
interest rate transparency to support internal procedures to comply with the
economic financing by providing clarity on regulations.
the components used to calculate the Prime 2. CIMB Niaga submitted the Prime Lending
Lending Rate (SBDK), which is the Cost of Rate Details Report to the OJK via APOLO
Funds for Credit (HPDK), overhead costs, and on 7 November 2024.
profit margins. 3. CIMB Niaga has announced the Publication
Report to customers via the Bank’s website
and digital channels.
4. CIMB Niaga has published the most recent
Prime Lending Rate update history on the
Bank’s website.
1. Prevent window dressing and adopt 1. CIMB Niaga has an Internal Control Policy in Effect on Bank Financial Statements.
Internal Control Over Financial Reporting place for the Financial Reporting process.
(ICoFR) standards. 2. CIMB Niaga will submit the Annual
. Published Financial Report by March 2026
at the latest.
3. CIMB Niaga will submit the Board of
Commissioners’ Supervision Report by
February 2026 at the latest.
4. CIMB Niaga will establish a special work
unit (UKK) by 9 April 2025, at the latest.
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No. Law or Regulation Significant Changes from the Previous Regulation or the Main Points of the New Regulation
7. POJK No. 26 of 2024 1. Commercial Banks engaged in business activities in either a conventional or sharia manner are prohibited
concerning the from making Capital Participation, except to:
Expansion of Banking a. Financial services institutions (conventional/sharia); and/or
Business Activities. b. Other companies/non-financial institutions that support the banking industry.
2. Banks can utilize TTE in organizing General Bank products in accordance with the provisions of laws and
regulations. They are required to adjust their policies and procedures related to TTE in line with this POJK no
later than13 March 2025.
3. Banks can transfer receivables and/or accept transfers of receivables, in the form of loans or financing, in
accordance with the provisions of laws and regulations. However, the Bank cannot repurchase receivables
that have already been transferred and is required to adjust the related policies and procedures no later than
13 June 2025.
8. POJK No. 30 of 2024 1. The establishment of PIKK is carried out through the appointment of 1 (one) company owned by the PSP and/
concerning Financial or PSPT, which can be:
Conglomerates and a. Operational PIKK or
Financial Conglomerate b. Non-operational PIKK
Holding Companies (KK 3. PIKK is required to prepare a strategic plan for the Financial Conglomerate in the form of a Financial
PIKK). Conglomerate Corporate Plan, which must be approved by the PIKK Board of Commissioners. This plan is to
be prepared to achieve long-term goals for a period of 5 (five) years.
5. Reporting Obligations:
PIKK is required to submit periodic and incidental reports to the OJK.
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Impact and Adjustments Made by CIMBN
Reason for Changes Impact on Financial Report
and Subsidiaries
Efforts are needed to support the Bank CIMB Niaga will modify the Bank’s internal It does not have any impact on the Financial
to provide services in accordance with procedures to align with these regulations. Statements.
customer needs and flexibility is needed for
the Bank to carry out activities for the Bank’s
own interests while still paying attention to
prudential principles.
To support the strengthening of regulations 1. CIMB Niaga will submit an application for Effect on Bank Financial Statements.
related to integrated supervision and financial the establishment of PIKK no later than 23
conglomeration in the financial services June 2025;
sector. 2. CIMB Niaga is required to prepare a
Corporate Plan and Corporate Charter;
3. CIMB Niaga will submit a report related
to the Financial Conglomerate through
APOLO.
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Changes in Accounting Policies
REASONS FOR CHANGES IN ACCOUNTING POLICIES
CIMB Niaga implemented several new accounting standards on 1 January 2024, which are considered relevant to its
financial reporting. Changes in accounting policies and their disclosures are made in compliance with the applicable SFAS
(of Financial Accounting Standards).
REASONS FOR CHANGES IN ACCOUNTING POLICIES AND IMPACT ON FINANCIAL STATEMENTS
The Board of Financial Accounting Standards of the Indonesian Institute of Accountants (DSAK-IAI) revised several
accounting standards, effective 1 January 2024, including changes in accounting policies that have no impact and those
that have an impact that have been implemented by CIMB Niaga in 2024.
The changes in SFAS and IFAS (Indonesian Financial Accounting Standards) that occurred in 2024 did not affect the
amounts reported in CIMB Niaga’s consolidated financial statements. These accounting policy changes were applied to
information provided outside the financial statements, and an audit has been conducted on the financial statements.
Impact on CIMB Niaga
No Accounting Standards Adoption of IFRS/IAS Summary of Changes
and Subsidiaries
1 Amendment to SFAS Adoption of Amendment The amendment to SFAS 116 regulates This SFAS amendment has
116: “Leases”. to International Financial lease liabilities in the sale and leaseback no impact on the Bank and
Reporting Standards (IFRS) process, as well as the subsequent Subsidiaries’ Financial Statements
16: Lease Liability in a Sale measurement of sale and leaseback as of 1 January 2024.
and Leaseback. transactions.
This SFAS amendment is effective
for the fiscal year period starting
on 1 January 2024.
2 Amendment to SFAS Adoption of Amendment of - The amendment to SFAS 201 This SFAS amendment has
201: “Presentation of International Accounting regulates long-term liabilities with no impact on the Bank and
Financial Statements”. Standards (IAS) 1: covenants. Subsidiaries’ Financial Statements
Presentation of Financial - The amendment stipulates that as of 1 January 2024.
Statements: Non-Current only covenants that an entity
Liabilities with Covenants. must comply with on or before This SFAS amendment is effective
the reporting date will affect the for the fiscal year period starting
classification of short-term or long- on 1 January 2024.
term liabilities and their disclosure.
3 Amendment to SFAS Adoption of Amendments - The amendments to SFAS 207 This SFAS amendment has
207: “Statement of to International Accounting and SFAS 107 regulate supplier no impact on the Financial
Cash Flows” and Standards (IAS) 7 and financing arrangements. Statements of the Bank and
SFAS 107: “Financial International Financial - These amendments clarify Subsidiaries as of 1 January 2024.
Instruments: Reporting Standards disclosures related to supplier
Disclosures”. (IFRS) 7: Supplier Finance financing arrangements. This SFAS amendment is effective
Arrangements. for the fiscal year period beginning
on 1 January 2024.
4 Amendment to SFAS - - The amendments to SFAS This SFAS amendment has
409: “Accounting 409 regulates the subsequent no impact on the Bank and
for Zakat, Infaq, and measurement of zakat, infaq, and Subsidiaries’ Financial Statements
Sadaqoh” and SFAS sadaqoh assets that experience as of 1 January 2024.
401: “Presentation significant fluctuations in fair value.
of Sharia Financial Additionally, the amendments This SFAS amendment is effective
Statements”. introduce new provisions related to for the fiscal year period starting
service sadaqoh and offer discounts on 1 January 2024.
or deductions on assets or services
that are purchased.
- Amendments to SFAS 401 eliminate
the presentation of the report on
changes in managed assets as one
of the components of the financial
statements.
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Application of the Foreign Account Tax Compliance Act
(FATCA) & Common Reporting Standard (CRS)
FATCA is a regulation enacted by the United States Department of Treasury and Internal Revenue Service (“IRS”) to
prevent tax evasion by US citizens or companies (US persons) using funds or businesses held outside of the US. The
Common Reporting Standard (CRS) is a standard for the automatic exchange of financial information for tax purposes,
which includes commentaries developed by the Organization for Economic Cooperation and Development (OECD) and G20
member countries.
The Indonesian government also signed the International Automatic Exchange of Information (AEOI) agreement with the
issuance of Law No. 9 of 2017 on Stipulation of Government Regulations instead of Law No. 1 of 2017 on Access to Financial
Information for Tax Purposes becoming law.
CIMB Niaga is consistently committed to complying with FATCA and CRS provisions. To implement FATCA provisions, CIMB
Niaga has registered for FATCA membership with the IRS as a financial institution. Compliance with CRS has been fulfilled by
reporting CRS data to the Financial Services Authority (OJK) on an annual basis through the Foreign Customer Information
Submission System Application, also known as the “Penyampaian Informasi Nasabah Asing (SiPINA)” Application.
As a financial institution, the Bank is required to disclose information
related to taxation from foreign citizens.
A 30% withholding tax penalty is imposed on Procedures for
non-compliant financial institutions for funds
transferred to countries outside the US. Participating Companies
1 2
Register as a Develop additional
participating procedures for
foreign financial identifying customers or
institution potential customers
3 4
Develop additional Regular reporting
procedures for completing to the Financial
the declaration form for Services Authority
customers or potential (OJK)
customers
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Highlights Report Profile Discussion & Analysis Management
Marketing Aspects
ANALYSIS OF MARKET SEGMENT, MARKETING STRATEGY AND BANK
COMPETITION, AND MARKET PENETRATION POSITION IN THE INDUSTRY
EFFORTS CIMB Niaga consistently implements innovative marketing
In 2024, the domestic economy was relatively stable strategies tailored to its customers’ needs to optimize
and resilient, supported by household consumption, the Bank’s performance. CIMB Niaga is also committed
particularly among the upper middle class, and investment to continuously improving the customer experience,
in developing National Strategic Projects (PSN). The including better customer targeting and deepening and
financial system, including the banking industry, was also increasing digital marketing activities.
highly resilient.
Furthermore, in 2024, CIMB Niaga continued
Bank Indonesia recorded that banking liquidity remained implementing brand experiences while maintaining
adequate, as indicated by the Liquid Assets to Third Party the spirit of the Kejar Mimpi brand positioning. As a
Funds (AL/DPK) ratio in December 2024, which remained result, CIMB Niaga organized various activities using
at 25.59%. The banking capital adequacy ratio as of a segmentation approach, providing banking products
November 2024 was 26.89%, demonstrating the strength and services that meet customer needs while focusing
of national banking amid current challenges. Meanwhile, on the youth, family, emerging business, affluent, sharia,
the banking non-performing loan (NPL) ratio remained commercial banking, and corporate banking segments.
low in November 2024, at 2.19% (gross) and 0.75% (net).
The approach to customers is also personalized and
Considering market segment analysis and business customized for each segment, as each segment has
competition in the banking industry, CIMB Niaga unique needs and characteristics. As a result, the
conducts market penetration efforts by identifying trends marketing strategy must be tailored to their specific needs.
and customer needs to optimize product and service Additionally, marketing strategies and policies emphasize
adaptation. This approach encompasses traditional that CIMB Niaga is a comprehensive digital bank that values
banking products and digital and innovative solutions to sustainability.
improve customer accessibility.
Every year, CIMB Niaga optimizes all of its existing networks
Through the “Kejar Mimpi” brand movement, CIMB Niaga for product marketing and customer service, including
created a platform and community for each segment, branch offices, ATMs, CDM/CRM, Digital Lounge, and digital
including young people, families, Sharia, and emerging networks like OCTO Mobile, OCTO Clicks, and BizChannel@
businesses. With a segmentation marketing strategy, CIMB. The Bank is doing this to continue to innovate in terms
each segment has a unique approach based on their of products, services, and business processes, improving
needs and behaviors. service quality and customer satisfaction. This enhances
the security of customer transactions, especially those
Kejar Mimpi aims to increase loyalty and engagement in conducted digitally.
each segment. CIMB Niaga is a banking industry pioneer
that uses a community-based marketing approach for CIMB Niaga’s consistent implementation of effective
marketing activity, beginning with young people in and targeted marketing strategies resulted in favorable
2017. There are currently 35 Kejar Mimpi communities results and allowed it to maintain its position as Indonesia’s
in 35 cities. There is a continuous focus on community second-largest private bank by assets. CIMB Niaga
development within the Sharia, family, and emerging prioritizes meeting its customers’ needs and preferences.
business. By implementing good, effective, and efficient marketing
strategies based on the Bank’s objectives, CIMB Niaga can
This strategy is being implemented in response to the respond to various market demands.
demand and behavior of each segment which is looking
for a bank that is more than just a transactional bank but
also a partner to help them grow and pursue their dreams.
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MARKETING COMMUNICATION STRATEGY sustainability and a partner that encourages its customers
CIMB Niaga was implementing a digital-focused and prospective customers to pursue their dreams.
marketing communication strategy for 2024. The Bank’s Furthermore, the Bank’s marketing strategy involves
communication and approaches are more personalized, establishing a strong brand image, actively participating
with language and topics specific to each segment. in various social activities, and innovating marketing
campaigns to build community trust and goodwill.
In 2024, the marketing strategy expanded by leveraging
its channels. Previously focused solely on Instagram and PRODUCT DEVELOPMENT
Facebook, it is now looking into new channels and platforms CIMB Niaga continues to develop marketing strategies
that can reach a larger audience, ensuring that brand that are adaptive and responsive to market changes. With
touchpoints grow and develop as people’s behavior and a focus on innovation, technology, and customer service,
digital platforms change. In 2024, CIMB Niaga focused CIMB Niaga develops products that add value to customers
focus on a Community Approach and Collaboration. through various product innovations, the best banking
services available, and various bundling products tailored
CIMB Niaga strongly desires to provide the best experience to their specific needs. Furthermore, CIMB Niaga has
for customers by organizing various activities. These events thoroughly developed conventional and Sharia-compliant
include the Kejar Mimpi Untuk Indonesia Concert, Xtra service concepts across physical and digital channels. From
Xpo, Wealth Xpo, Haya Festival, Syariah Talks, Kejar Mimpi the perspective of brand marketing communication, the
Berani Bisnis Ngobiz (Ngobrol Bisnis), Kejar Mimpi Rising Bank develops products by combining narratives, programs,
Start, Kejar Mimpi Goes to School, Kejar Mimpi Community, and processes from different business lines. This effort
Kejar Mimpi Warrior, CIMB Niaga DL Carnival, and CIMB is expected to provide valuable customer experiences,
Niaga DL @Campus. resulting in stronger relationships, higher trust, and long-
term loyalty. Customers can experience the development
INTERNAL MARKETING of Bank products and services that meet their needs and
In line with the “Inside Out Marketing” campaign, CIMB expectations and obtain relevant and innovative financial
Niaga continued implementing an internal marketing solutions through consistent and integrated communication.
and communication strategy for all of CIMB Niaga’s
employees. This strategy was carried out by educating Product innovations for loan disbursement, fundraising,
employees about the Bank’s products and services, which and digital banking development are also being
are promoted internally via an integrated and daily e-mail developed continuously to meet customer demands
blast communication channel, and by installing thematic for faster transaction processing and a more positive
screen displays (wallpapers) on all employees’ laptops customer experience.
and desktop work devices. Marketing to staff was also
supported by product and service descriptions through the This approach enables the Bank to deliver more transparent
Media Digital Internal Magazine, and LED TVs installed in and more effective messages via digital and traditional
several main offices. channels. By implementing a targeted and integrated
communication strategy, CIMB Niaga can create a positive
POSITIONING OF BANK PRODUCTS IN THE image, strengthen its market position, and differentiate
MARKET AND CONSUMERS itself from competitors. This not only improves customer
CIMB Niaga is a banking market leader with a strong satisfaction but it also promotes long-term business growth.
position in Indonesia’s digital banking services. One of the
Bank’s marketing strengths is its ability to use technology INTEGRATION, SYNERGIES, AND ALLIANCES
to improve the customer experience. CIMB Niaga uses CIMB Niaga continues to raise awareness about
digital platforms, mobile banking applications, and online implementing integration, synergies, and alliances
banking services to help customers make transactions, from the business side, which is supported by business
access information, and manage their finances more acquisition by obtaining business leads. The Bank also
quickly and efficiently. continues collaborating with its business units to explore
various opportunities for customer deepening across
CIMB Niaga established the Bank’s positioning as a different business segments among its existing customer
comprehensive digital bank committed to inspiring base, such as cross-selling and value chains between
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
business units, which can increase product holding per promotional activities to provide customers and the public
customer and customer engagement with the Bank. with the most up-to-date and relevant information about the
Collaboration and coordination among business units are Bank’s products and services. Bank products and services
required to boost product and service sales and expand are integrated through above-the-line (ATL) methods and
customer networks. delivery below-the-line (BTL). Furthermore, CIMB Niaga
improves communication via the Bank’s media channels,
The Bank also engages in business synergy with its which include websites, social media accounts, posters,
subsidiary, PT CIMB Niaga Auto Finance (CNAF), which ATM and CDM channels, and car cash branding.
provides consumer financing for auto loans (KPM).
Furthermore, the Bank consistently pursues cooperation UTILIZATION OF DIGITAL TECHNOLOGY,
with the group to enhance product interrelationships and ARTIFICIAL INTELLIGENCE, AND DATA
optimize regional synergy as access for expanding into ANALYTICS
new markets. in 2024, CIMB Niaga implemented digital technology,
Artificial Intelligence (AI), and data analytics into its
CIMB Niaga also engages in cross-product penetration marketing strategy, covering some aspects. This includes
for retail products such as CIMB@Work, which provides the use of chatbots and virtual assistants, as well as
mortgages, auto loans, credit cards, payroll, and other personalization and effective interaction.
services to corporate segment customers’ employees. The
Transaction Banking Unit also assists in connecting the AI technology allows the Bank to provide 24-hour
financing and funding services chain among principals, customer service through chatbots and virtual assistants,
distributors, and suppliers. improving efficiency and service quality. In terms of
personalization, data analytics helps the Bank better
SERVICE EXCELLENCE AND PROMOTIONAL understand its customers’ preferences and behavior,
CAMPAIGNS allowing it to provide more relevant products and
CIMB Niaga continues to invest and innovate sustainably to services. Regarding effective interaction, AI technology
meet customer needs for easy and secure transactions by allows the Bank to interact with customers through
optimizing digital banking technology, improving services, various channels, including social media and mobile apps.
and increasing the number of branchless banking channels,
including ATM/CDM. This reflects the Bank’s commitment to MARKET SHARE
constantly improving services for all customers to provide In 2024, in terms of assets, CIMB Niaga had a market
the best possible customer experience. share of 2.89%. In the banking industry, customer and
low-cost funds held market shares of 2.95% and 3.07%,
Regarding promotions, CIMB Niaga continues to carry out respectively. Subsequently, regarding loans disbursed,
CIMB Niaga recorded 2.93% of the industry market share.
Description 2024 2023 2022
Total Assets (in billion Rupiah) Industry 12,460,955 11,765,838 11,113,321
CIMB Niaga 360,220 334,369 306,754
Loans (in billion Rupiah) Industry 7,827,148 7,090,243 6,423,564
CIMB Niaga 229,153 213,370 196,611
Customer Deposits (in billion Rupiah) Industry 8,837,242 8,457,929 8,153,590
CIMB Niaga 260,639 235,862 227,189
NIM (%) Industry 4.62 4.81 4.71
CIMB Niaga 4.09 4.40 4.69
CASA Ratio (%) Industry 63.39 63.04 63.30
CIMB Niaga 66.02 63.86 63.57
NPL Ratio – Gross (%) Industry 2.08 2.43 2.44
CIMB Niaga 1.76 1.96 2.80
LDR (%) Industry 89.88 83.83 78.78
CIMB Niaga 86.28 89.30 85.63
ROA (%) Industry 2.69 2.74 2.43
CIMB Niaga 2.53 2.59 2.16
CAR (%) Industry 26.69 27.65 25.66
CIMB Niaga 23.34 24.02 22.19
Source: Indonesian Banking Statistics December 2024, OJK.
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MARKETING STRATEGY AND TARGETS 2025
By looking ahead, with optimism that economic and financial conditions will improve in 2025, CIMB Niaga will implement
several marketing strategies for 2025, as follows:
1. Target out-of-region marketing through both online and offline channels.
2. Provide the best brand experience for customers and potential customers based on CIMB Niaga’s target segments.
3. Strengthen brand evangelism to build brand loyalty and word-of-mouth through the Kejar Mimpi social movement,
including the Kejar Mimpi community, brand warriors, and employee warriors.
4. Strengthen the brand’s reputation as a comprehensive digital bank and demonstrate its commitment to sustainability.
5. Providing customer experience through the development of a customer-centric organization.
6. Optimize channels and communications through personalized content marketing.
7. Strengthen internal engagement and build a brand from within through inside-out marketing.
8. Focus on strengthening CIMB Niaga’s presence through Public Relations.
Business Prospects
GLOBAL AND NATIONAL MACROECONOMICS stable and under control at 2.5±1%, supporting economic
IN 2024 growth.
The global economy is anticipated to continue facing
significant challenges. The IMF predicts global economic Meanwhile, the Basic Macroeconomic Assumptions
growth will reach 3.3% in 2025, with a convergent growth component of the 2025 State Budget has made several
trend across countries. This growth projection is also adjustments. The Rupiah exchange rate from Rp16,100.00/
below the historical average of global economic growth US$ to become Rp16,000.00/US$, the 10-year SBN interest
(2000-2019) of 3.7%. rate from 7.1% to 7.0%, and oil lifting was increased to 605
(thousand bph) from 600 (thousand bph). The ICP and gas
According to Bank Indonesia, Indonesia’s economic lifting assumptions remain at US$82 per barrel and 1,050
growth rate will be 4.7% and 5.5% by 2025. This (thousand bsmph), respectively. With economic stability
growth can be achieved by optimizing macroprudential maintained in 2025, economic growth is expected to reach
policy stimulus and accelerating the digitalization of 5.2%. The projection is quite realistic considering the
payment transactions conducted by Bank Indonesia. The dynamics of recovery and structural reform to drive more
possibilities for the soundness of Indonesia’s Balance accelerated financial performance. Still, it also anticipates
of Payments (NPI) in 2024 are expected to continue in the risk of uncertainty that will continue to affect the
2025, supported by foreign capital inflows and a current national economy’s performance in the future. Inflation is
account deficit of 0.5% to 1.3% of GDP. Inflation remains expected to remain at 2.5% in 2025.
Indicator 2024 2025 State Budget
Economic Growth (%) 5.0 5.2
Inflation (%) 1.6 2.5
Interest Rate (%)* 7.0 7.0
Rupiah Exchange Rate (Rp/US$) 16,162 16,000
*
Yield Goverment Bond 10 years
Source: Ministry of Finance, Bank Indonesia
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Highlights Report Profile Discussion & Analysis Management
THE BANKING INDUSTRY IN 2025 THE BANK STRATEGY PLAN AND STEPS 2025
The Indonesian banking industry has achieved a significant As the second largest national private bank in Indonesia,
transformation. The focus of banks, the government, CIMB Niaga will respond to changes and dynamics in
and Bank Indonesia on digitalization, loan growth, and the banking industry in the future. CIMB Niaga will also
macroprudential policies shows this. However, liquidity closely monitor future economic projections to identify
challenges and rising funding costs are expected to affect and mitigate potential risks, including through more in-
banking performance. Global uncertainty, including depth credit analysis.
the impact of general elections abroad, can potentially
deteriorate liquidity conditions. Bank Indonesia, on the CIMB Niaga will remain cautiously optimistic in 2025
other hand, focuses on macroprudential policies that while implementing several strategies based on the
support financial system stability and economic inclusion. macroeconomic developments discussed above. CIMB
This includes stricter regulations for bank licensing and Niaga is confident that by focusing on its strengths, it will
supervision and encouragement for innovation in digital be able to grow even more effectively in the future.
payment systems.
CIMB Niaga will consistently implement its long-term
The Financial Services Authority (OJK) stated that the business strategy, focusing on sustainable growth. CIMB
banking industry has succeeded in maintaining financial Niaga will also maintain operational and risk resilience
system stability, supporting economic activities, and within the Bank, which has proven essential in recent
strengthening trust among various parties, making it one years. It will also optimize the strategic plan by leveraging
of the main pillars of national economic recovery and the Bank’s strengths and analyzing market trends. This
growth in 2024. In 2025, OJK believes that the banking strategic effort aligns with the vision of becoming a
industry can continue to grow while remaining focused future-ready bank that consistently provides high-
on prudence (prudential banking), professionalism, quality services and innovative products to customers by
innovation, and integrity to achieve high, sound, and implementing #WorkFromHeart.
sustainable performance growth.
Bank Indonesia expects banking loan growth in
2025 to range between 11% and 13%, which aligns
with the continued good economic growth prospects
and support from Bank Indonesia’s macroprudential
policies. The government’s various incentive policies
and the strengthening of the Macroprudential Liquidity
Incentive Policy (KLM) strategy are expected to boost
loan demand.
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Business Sustainability Information
MATTERS WITH A POTENTIALLY record. This business sustainability assessment is also
SIGNIFICANT EFFECT ON BUSINESS based on the Bank’s financial and sound ratios, which are
SUSTAINABILITY in good condition and capable of supporting the Bank’s
CIMB Niaga remained cautious about challenges in the long-term business sustainability.
banking industry in 2024 and other issues affecting the
Bank’s business growth. However, CIMB Niaga did not CIMB Niaga has always had full shareholder support,
have any issues that could significantly impact the bank’s and synergy among CIMB Group entities, as well as
continuity in business activities in the banking industry. rating agencies’ recognition of CIMB Niaga’s quality and
credibility, serves as the foundation for CIMB Niaga’s
CIMB Niaga is committed to implementing the prudent business sustainability. CIMB Niaga’s infrastructure
principle by prioritizing quality business growth to has also demonstrated its ability to support the Bank’s
maintain business continuity. Furthermore, CIMB Niaga operations and ensure business sustainability in the
remains committed to growing by providing more banking industry.
selective loan disbursement to maintain asset quality,
particularly to segments of the Bank’s target market. The basis of Management’s belief in the Bank’s business
growth in the future, among others, is supported by
MANAGEMENT ASSESSMENT TO MANAGE several factors, including competent human resources,
POTENTIAL THAT HAS A SIGNIFICANT adequate business infrastructure, and business networks
IMPACT ON BUSINESS SUSTAINABILITY and collaborations owned by the Bank. CIMB Niaga is also
Throughout 2024, CIMB Niaga did not find any material committed to resolving any issues that may arise while
uncertainties that could raise significant concerns about conducting business activities and maintaining financial
the Bank’s ability to maintain business continuity. The conditions.
Bank conducts periodic reviews to prepare strategic
plans and assess its ability to meet targets and maintain In the last three years, CIMB Niaga has contributed profit
business continuity. before tax to the Parent Company (CIMB Group Holdings
Berhad) in approximately 24% in 2022, 27% in 2023,
The Bank’s Board of Commissioners and Directors is and 25% in 2024. CIMB Group has a shared ownership
actively involved in several potential management of 92.46% (including PT Commerce Kapital of 1.01%) in
initiatives that significantly impact on the Bank’s CIMB Niaga. Therefore, the Parent Company will continue
business sustainability. This is reflected in developing to provide ongoing support for CIMB Niaga’s business in
and implementing the Bank’s Business Plan (RBB) and the Indonesian banking industry.
Sustainable Finance Action Plan (RAKB).
ASSUMPTIONS USED BY THE MANAGEMENT
Considering performance developments in 2024, IN ASSESSMENT
Management believes that the Bank’s business CIMB Niaga Management’s assumptions for assessing
sustainability will remain strong due to its banking the Bank’s business continuity include several factors
industry experience and the Bank’s well-managed track such as financial performance, capitalization level,
liquidity, and solvency level, significant engagements and
agreements, and ongoing litigation cases.
2024 Annual Report | PT Bank CIMB Niaga Tbk 257
Page 256
Crafting Hopes for
a Future Filled with Blessings
CIMB Niaga’s Shariah banking services understand
your every need, guiding you through every financial
step with Shariah principles while weaving hopes for a
future filled with blessings.
Page 257
Page 258
05 Risk Management
Page 259
Risk Management Focus 2024 262 Risk Management Approach - Framework 264 ICAAP (Internal Capital Adequacy Assessment Process) 270 Sharia Business Unit (SBU) Risk Management 272 Risk Profile & Soundness Rating of The Bank and Consolidated 273 Integrated Risk Management 273 Basel Implementation 274 Recovery Plan Disclosure 275 Anti Fraud Management (AFM) 277 Basel II Pillar 3: Disclosure of Capital, Risk Exposure, and Implementation of Bank Risk Management 279 Capital 283 Leverage Ratio 295 Credit Risk 298 Market Risk 339 Liquidity Risk 346 Operational Risk 361 Reputation Risk 367 Compliance Risk 368 Legal Risk 369 Strategic Risk 370 Intra-Group Transaction Risk 373 Rate of Return Risk 374 Investment Risk 375 Remuneration Policy 375
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Risk Management Focus 2024
The Bank implements risk management that adheres to the philosophy
of the 3 (three) lines of defense, whereby the risk is managed from the
point of risk-taking activities to ensure clear accountability over risks
throughout the organization and the Risk Management Unit (RMU) as the
business unit enabler.
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Business challenges throughout 2024 have been rising 2. Developing infrastructure, models, and advanced
due to external factors, such as ongoing geopolitical analytics
turmoil, which has an impact on volatile commodity a. Developing a comprehensive policy and procedure
and financial market prices, economic conditions that Review Process Flow application to achieve an
have not fully recovered, and tight liquidity conditions improved Service Level Agreement (SLA).
in global and domestic financial markets. Another b. Developing visual analytics tools, including
concern is the accelerated development of digital behavioral trend analysis and scenario analysis, to
technology that aligned with various cyber risk threats. have a more pro-active identification of potential
In recognition of this, CIMB Niaga has implemented a risk tailored risk events and operational risk anomalies.
management focus and strategy to ensure a sustainable c. Implementing the Murex 3.0 Treasury system to
business growth while maintaining prudence principles. enhance business growth and risk management.
Furthermore, the Bank is preparing a risk management d. Developing risk management tools and
framework and process for Bank CIMB Niaga Syariah information systems to ensure adequate internal
spin-off plan in 2026. controls for information security (including cyber
risk management) and data privacy, and consumer
1. Strengthening and Expanding the Scope of Risk protection, in accordance with Constitution No. 27
Management of 2022 regarding Personal Data Protection and
a. Strengthening and expanding the asset related regulations on consumer protection.
management framework to maintain high-quality
asset growth with optimal and prudent liquidity 3. Capital Management
management. a. Performing credit RWA optimization efforts
b. Developing the Risk Management Framework through data and infrastructure improvements.
for Information Technology, Cyber, and Business b. Adopting an Internal Model for operational RWA
Continuity Plan (BCP), along with renewal of calculation.
policies, procedures, and tools to improve risk c. Adopting the Basel III FRTB (Fundamental Review
mitigation planning. of the Trading Book) standardized approach to
c. Developing a climate risk methodology in determine market risk RWA.
accordance with the regulatory requirements and
best practices.
d. Reviewing governance for Third-Party Risk
Management as part of integrated operational risk
management.
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Risk Management Approach – Framework
CIMB Niaga adopts the Enterprise Wide Risk Management • Establishing key principles and standards for
(EWRM) framework. The framework provides a foundation risk management and monitoring and influencing
for a proactive and forward-looking risk management employee behavior across the Company.
processes to ensures the achievement of healthy and • Determining appropriate parties and their
sustainable business growth, maximizes shareholder value, responsibilities within the risk management process.
and manages capital comprehensively while still adhering • Identifying different risk exposures and capital
to the principles of prudence and being risk-based. requirements. The Company’s already has Capital
Management Policy that describes the Company’s
The EWRM framework, risk are managed in an integrated capital management strategy, governance, process,
manner through the alignment risk appetite with business and methodology, as well as its infrastructure in
strategy and capital management, using both “top-down relation to capital management.
strategic” and “bottom-up tactical” risk management • Developing policies and procedures for identifying
approaches that complement each other, along with and assessing, measuring, managing and controlling,
policies and procedures covering all significant areas of as well as monitoring and reporting on various risk
risk for the Bank. exposures from Company activities.
• Ensuring overall risk exposure within specified risk
Some of the advantages that the bank obtained by appetite limits.
implementing the EWRM framework approach include:
The main components in the EWRM framework are
depicted in the following diagram:
Enterprise Wide Risk Management (EWRM) Framework
Governance & Organization
Risk Appetite
Risk Management Process
Risk Culture
Business Risk Risk Risk Monitoring &
Planning Identification Measurement Management Reporting
& Assessment & Control
Policies, Methodologies,
Human Resources Technology & Data
& Procedures
Risk Management Infrastructure
The EWRM framework refers to and aligns with the Financial Services Authority’s (OJK) risk management scope, which
includes; (i) active supervision by the Board of Commissioners and Directors (including the Sharia Supervisory Board);
(ii) adequacy of policies, procedures, and limits setup; (iii) adequacy of risk identification, measurement, monitoring, and
control, as well as risk management information systems; and (iv) a comprehensive internal control system.
1. RISK CULTURE
The Bank recognizes that a strong risk management culture is essential for achieving effective risk management
objectives. Risk management culture represents employee awareness, attitudes, and behavior toward risk and risk
management within the Bank.
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Some of the important elements that establish a good 3. Regular training and activities to enhance risk
risk management culture that is applicable at CIMB culture and fraud awareness, such as Anti-Fraud
Niaga are as follows: Socialization and Operational Awareness Training.
1. Provide exemplary Leadership and Strategy based
on ethics and values as well as communicate the 4. Consistent communication about the importance
Bank’s mission and objectives in a synergistic and of risk management across the Bank’s lines of
sustainable manner. defense.
2. People and Communication that aim to enhance 5. Create a standardized, structured approach by
competence through equal information and documenting work procedures to serve as a
knowledge sharing. reference for day-to-day operations and decision-
3. Accountability and reinforcement, assignment making.
of duties and responsibilities, accompanied by
appropriate performance measures, including To strengthen the risk culture, the Bank implements
rewards for excellent performance. risk management that adheres to the philosophy of the
4. Risk Management and Infrastructure, to develop 3 (three) lines of defense, whereby the risk is managed
an effective risk management process and control from the point of risk-taking activities to ensure clear
to support the Bank’s strategy. accountability over risks throughout the organization and
the Risk Management Unit (RMU) as the business unit
The Bank has implemented several initiatives to enabler.
establish risk culture and awareness in its daily
operational activities at all levels of the Bank’s The risk management process at CIMB Niaga involves
organization, including: all levels of the organization, from the Board of Directors
1. Establish a consistent Tone at the Top, which is a to Senior Management and all Bank employees, in
shared commitment by all senior management of accordance with the three lines of defense concept.
the Bank to develop a risk-aware organizational
culture that will allow the Bank to manage such The risk management philosophy is based on 3 (three) lines
risks in accordance with its strategy. of defense that connect all operational risk management
2. Educate all employees in each organization. Risk activities that have been established since the process
management-based Key Performance Indicators of identifying, assessing, controlling, and reporting to
(KPI) will show how well the education process Senior Management, as well as supervision by the Board
worked. The Bank will take into account risk- of Directors and Board of Commissioners. The Board of
related behavior when determining performance Commissioners and Board of Directors are responsible
and compensation processes. for developing an organizational culture that recognizes
operational risk and encourages commitment to managing
it in accordance with the Bank’s business strategy.
1st Line of Defense
Risk Taking Units (supported by RCU)
• Line Management, from the Business Unit or Supporting Unit, which will be exposed to risks in their daily activities, and as such,
these units are suitably positioned to manage risks and ensure compliance with regulations, standards, policies and procedures.
• Its function include the risk identification, measurement, monitoring, controlling and reporting, as well as taking the necessary steps
to mitigate risks and ensure effective controls are in place.
• Each Directorate has a Risk Control Unit (RCU) in charge of coordinating and monitoring risk management and compliance aspects in
accordance with the scope of each unit.
• RCU Head has a functional and administrative reporting channel to each Business Units/Supporting Units Head and indirect
reporting channels (dotted line) to Compliance Management and Risk Management
2nd Line of Defense
Risk Management Framework and Compliance
• The Risk Management, Compliance, Anti Fraud Management, and Anti Money Laundering that establish standards and policies to
manage risk.
• This line of defense also has the function of monitoring the implementation of risk in the first line of defence through review,
challenge and feedback, including advisory function on risks and control adequacy.
3rd Line of Defense
Risk Assurance
• An independent function of Corporate Assurance in ensuring the risk management framework’s implementation and
effectiveness of riskmanagement by providing regular reports to the Board of Directors.
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2. GOVERNANCE management process and in charge of implementing
The bank establishes its organizational structure the overall risk management framework. This
based on its business objectives and policies, size committee is chaired by the President Director and
and complexity, and inherent risks to support the consists of the entire Board of Directors and several
implementation of effective risk management. senior executives. RMC reports directly to the Board of
The corporate governance structure is required to Directors and indirectly to the Board of Commissioners
improve the four-eyes principle mechanism and through the Risk Oversight Committee (ROC).
transparency throughout the risk management
process, ensuring that EWRM implementation is In addition to RMC, other executive committees
consistent and appropriate. The Board of Directors related to risk management that perform more in-
oversees the Bank’s risk management activities and depth discussion about risks are the Asset Liability
determines strategic direction, which is supported by Committee (ALCO), which manages liquidity
risk appetite, relevant risk management frameworks, and interest rate risks in the banking book; the
as well as Policies and Procedures. Operational Risk Committee (ORC), for operational
risk management, the Credit Policy Committee
The Board of Directors is assisted by the Risk (CPC), to discuss credit-related policies, and
committees and control functions in ensuring that Executive Credit Committee (ECC), which is a credit/
the EWRM framework is implemented effectively. The financing decision-making committee based on the
Risk Management Committee (RMC) evaluates the risk authorization provided.
Board of
Directors
Commissioners
Executive Committee:
Audit Committee
RMC ALCO ECC ITSC CPC Risk Monitoring
Committee
Special Committee:
Nomination and
Remuneration Committee
ORC SAMC AQC CXC Integrated Governance
Committee
Executive Committee: Special Committee:
RMC : Risk Management Committee ORC : Operational Risk Committee
ALCO : Assets and Liabilities Committee SAMC : Special Asset Management Committee
ECC : Excecutive Credit Committee AQC : Asset Quality Committee
ITSC : IT Steering Committee CXC : Customer Experience Committee
CPC : Credit Policy Committee
3. RISK APPETITE
One of the most important components of EWRM is risk appetite, which is defined as the type and amount of risk that
Bank management is willing to accept in order to achieve strategic and business objectives. Risk appetite is dynamic,
in response to changes in the Bank’s business priorities, risk management capabilities, and external conditions.
Risk appetite is developed in accordance with the Bank’s annual planning process to ensure its alignment with
strategy, business growth aspiration, capital and liquidity positions, operational plans, and risk management
capabilities and strengths covering systems, processes, and human resources.
Risk appetite is developed and managed through effective governance, with clear roles and responsibilities for
departments/organizations involved. The Board of Commissioners is the one that approves the Bank’s risk appetite.
Furthermore, the Risk Management Unit (RMU) provides the Board of Commissioners and Directors with monitoring
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reports on Risk Appetite compliance on a regular quality, liquidity, funding capacity, and regulatory
basis. requirements.
One of the Risk Appetites is the Risk Appetite The status of each indicator is highlighted in the
Statement (RAS), which consists of 5 (five) monthly RAS reporting to the Board of Directors
measurement dimensions, they are: Solvency and and Board of Commissioners, so if necessary,
capital; Diversification and income volatility; Liquidity; management is expected to take corrective actions in
Franchise; and Sustainability, with the sustainability a timely manner.
dimension being added for the first time to the Risk
Appetite Statement (RAS) in 2024. This aims to 4. RISK MANAGEMENT PROCESS
maximize the Bank’s long-term performance while The risk management process is part of daily
also ensuring asset integrity, profitability quality, activities to ensure that risks are identified, evaluated,
protecting the Bank’s franchise value, and supporting and responded in a timely and appropriate manner.
the implementation of sustainability initiatives. This process allows the inherent risks in the Bank’s
activities to be properly managed to provide maximum
RAS is supported by the RAS Dashboard, which sustainable added value to all of Bank’s activities. The
includes metrics/indicators and Red-Amber-Green risk management process at CIMB Niaga includes the
(RAG) thresholds that are reviewed at least once a year. following steps in a sequential order:
Indicators/metrics and thresholds are established
by taking into account factors like capital, asset
Business Planning
Risk is one of the most important factors to consider during the business planning process, which includes establishing risk posture and
planning new products and activities. This is carried out to help ensure that the Bank operates within the risk appetite determined by
the Board of Directors.
Identifying and Assessing Risks
• Risks need to be clearly defined, proactively identified, and continuously assessed on a forward-looking basis.
• The risk identification process is carried out by analyzing the risk characteristics of each product and business activity within the Bank.
• The risk identification process is carried out by analyzing their impact on both financial and non-financial aspects, including reputation
and regulatory compliance.
• According to OJK regulations on risk profiles, the main risks managed by the are 11 types of risks, they are credit, market (including
interest rates), liquidity, operational, strategic, compliance, legal, reputation, intragroup transaction, rate of return, and investment risk
(for Sharia Business Units).
Risk measurement
• Risk measurement is conducted by, among other things, determining risk/scoring, sensitivity analysis, stress testing, and calculating
capital requirements using a methodology that refers to best practices and regulatory guidelines.
• The Bank periodically reviews the appropriateness of its assumptions, data sources, and procedures performed to measure risks.
• The Bank also makes improvements to the risk measurement system should there be any material changes in business activities,
products, transactions, and risk factors.
Risk Management and Control
• Controls and limits are used to manage risk exposure to remain within predetermined risk appetite limits.
• Controls and limits are monitored and reviewed periodically to adapt to business needs, market conditions, and regulations changes.
• Corrective actions are carried out to mitigate risks. Things to consider in determining risk mitigation options include the suitability
between benefits and costs, values and perceptions of all stakeholders, as well as evaluation of whether the selected risk mitigation
could potentially create new risks.
• The Bank implements an internal control system as part of its supervisory mechanism. The Internal Audit Unit (IA) and/or other third
parties evaluate and assess this internal control system.
Monitoring & Reporting
• Delivered on timely manner, accurate, and straightforward risk assessments to ensure portfolio and individual exposure aligned with the
Bank’s risk appetite.
• The output can be used to analyze future risk management strategies.
• The process is supported by a reliable reporting system that at least includes reports on the following topics:
a. Comprehensive risk exposure, covering exposure as per risk and activity types.
b. Compliance to policies and procedures, as well as limits establishment.
c. The realization of risk management implementation is compared with the specified objectives and targets.
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The risk management process is carried out by the Risk Management Unit (RMU), which is an independent party from
the business unit or also known as the 2nd line of defense. RMU is responsible for developing a comprehensive risk
management process that identifies, measures, monitors, and controls risks, as well as submitting risk-level reports and
creating an internal control system.
Director of Risk
Management
Head of Non-Retail Head of Non-Retail Head of Risk Head of Retail Head of Market Head of Asset
Head of Operational
Credit Risk Credit Policy and Analytic Credit Risk Management & Liability
Risk Management
Management Assurance Testing & Infrastructure Risk Management Model Validation Management Risk
Satuan Kerja Manajemen Risiko (SKMR) bertanggung jawab kepada Direktur Manajemen Risiko. Struktur organisasi
SKMR terdiri dari beberapa Center of Excellence (CoE), yaitu tim dengan spesialisasi risiko tertentu yang bertanggung
jawab untuk memastikan dan melakukan pengawasan atas implementasi manajemen risiko di berbagai lini bisnis dan
aktivitas Bank. Tugas CoE dapat dibagi menjadi 2 tugas utama yaitu:
Facilitation CoE Engagement CoE
The main duties of Facilitation CoE are The main duty of Engagement CoE
among others preparing framework, is to act as a partner and liaise with
validating model and building the risk business unit, to encourage business
management tools and implementing unit to manage risks effectively as the
the infrastructure which supports risk first lines of defense.
assessment and monitoring process.
RMU also performs coordination and socialization functions for all risk management processes in the Bank and in
member entities within the CIMB Indonesia financial conglomerate, taking into account the nature and complexity of its
members’ businesses.
The RMU organizational structure clearly distinguishes between the control and implementation functions and the units
that define policies and monitor risks.
5. RISK MANAGEMENT INFRASTRUCTURE
Adequate risk management infrastructure is critical for the effective implementation of EWRM. Risk management
infrastructure must be capable of supporting the risk management process, which consists of 3 (three) components
which are policies, methodologies and procedures, human resources (HR), and management information system (MIS).
5.1 POLICY, PROCEDURES, AND METHODOLOGY
CIMB Niaga ensures the adequacy of policies, procedures, and methodologies that serve as the foundation for a
common view among all units within the organization, including standardized risk definitions and risk language.
An adequate risk management policy according to the type of risk serves as the basis for the Bank to manage risk.
Methodologies provides specific guidance to support policy implementation. Procedures provide more detailed
guidance to assist policy implementation in daily risk-taking activities.
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Taxonomy of Internal Bank Provisions
Level 1
Set out the Company’s identity, Corporate
1
Governance structure, manual framework, risk
management, business planning and strategy, sharia
business unit, sustainability and sustainable finance,
Key as well as social and environmental responsibility,
Company including the Board of Commissioners Charter,
Policies* Sharia Supervisory Board Charter, Board of Directors
Charter and Board of Commissioners Committees
Charter which form part of the Company’s Core
Policies.
Level 2
Set acceptance criteria, limits, and
principles, do’s and don’ts related to
products & activities and delegation 2
of authority.
Product and Activity Policy
Level 3
Level 4 3 Organize the implementation and
work steps (from start to finish)
in detail to carry out certain
A written guideline that explains Standard Procedure (SOP) products and/or activities, control
and describes objectively in mechanisms, responsible persons,
full detail a specific product/ and agreed service standards.
activity; can be a consolidation of
approved Policies or SOPs into a
single document to facilitate the
implementation of an activity.
4
Operational Instructions
*
Includes Risk Management Policy and Framework Manual Policy.
5.2 HUMAN RESOURCES (HR) • The Bank has provided data and digitalization
EWRM frameworks can perform well when training.
supported by human resources with the competent • The learning process at the bank is conducted in
capabilities and skills. The Bank develops a system a fun way through gamification quizzes (Learning
of recruitment, development, and training, as well on the Go), which are mandatory for all CIMB
as remuneration that encourages employees to Niaga employees.
manage risks effectively. The assignment of duties
and responsibilities is accompanies with good The Bank provides job rotation opportunities to
performance measurement and compensation that employees which aims to enrich their exposure to
is tailored to the strategic plan and risk appetite. new assignments and broaden their knowledge in
other fields/areas.
CIMB Niaga determines specific HR qualifications
for each level related to the risk management The Bank also performs risk-based evaluations
implementation and assigns competent officials to ensure that the performance measurement
and staff in the Risk Management Unit based on process can be carried out in a comprehensive/
the size and complexity of the Bank’s business. integrated by connecting/considering aspects of
strategic planning, risk, and capital management.
CIMB Niaga provides opportunities for employees
to improve their knowledge in risk management 5.3 TECHNOLOGY AND DATA
through various ways, including: Technology and data play an important role for the
• Internal and external training (including as the tools to assist the process of making proper
mandatory training required by regulators) that and accountable decisions in order to manage risk
corresponds to their business field. effectively and efficiently. Technology and data
• Employees are encouraged to regularly conduct are part of a management information system
BLS (Business Learning Sessions), whereby that must be owned and continuously developed
employees who have just attended training will accordancing to the needs of the Bank and its
carry out sharing sessions with their colleagues. stakeholders.
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CIMB Niaga adopts a risk management information The risk management process at CIMB Niaga is
system that ensures the following: supported by a comprehensive information system
1. Accurate, informative, and timely that allows for the preparation of reports that will
measurement, for both overall/composite risk be used in continuous risk monitoring, in order to
exposure and risk exposure by risk type that detect and resolve deviations from policies and
inherent in the bank’s business activity as well procedures in a more rapid manner, to minimize the
as risk exposure by bank’s functional activities. occurrence of potential risk events and supports
2. Compliance with the implementation of risk the decision-making process. Some of the main
management policies, procedures, and limits; risk infrastructures that support risk management
and include the Credit Risk Decision Engine (CRDE),
3. Availability of risk management Internal Credit Rating System (ICRES), Credit Limit
implementation results (realization) compared System (CLS), ALM Risk Infrastructure and Risk
to targets set by the Bank in accordance with Analytic Tools (ALMIRA), and Market Risk Weighted
risk management policies and strategies Asset System (M@RS). The system is designed
implementation. to help the Bank implement risk management
processes that align with best practices.
ICAAP (Internal Capital
Adequacy Assessment Process)
In line with POJK No. 34/POJK.03/2016 regarding the The implementation of ICAAP in the Bank indicates a strong
Minimum Capital Adequacy Requirement for Commercial connection between strategy decisions, capital adequacy
Banks, Banks are required to implement a process to assessments, and risk levels. Such implementation can
ensure that capital adequacy levels are in line with the help the Bank to meet the financial targets and optimize
risk profile, as well as a strategy decision to maintain shareholders value. The implementation of ICAAP also
capital adequacy known as ICAAP (Internal Capital considers the relation between the Bank’s strategic
Adequacy Assessment Process). This process involves focus, business plans, and macroeconomic conditions.
dialogue with the Bank’s supervising agency in order to
have similar perceptions on the Bank’s capital adequacy.
The implementation of ICAAP at CIMB Niaga is carried out
using best practices, regulatory provisions, and internal
policies to assess, meet, monitor, and maintain capital
adequacy levels in line with its risk profile.
ICAAP is carried out by both RMU and Finance Directorate.
The Bank’s ICAAP process is described below:
1 2 3
Risk Profile Assessment & Annual Integrated Risk Appetite Statement
Risk Posture Planning Process
7 4
Integrated
Independent
Stress
Review of
ICAAP Testing
6 5
Capital Adequacy Annual Capital Planning
Assessment
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the Board of Commissioners determines risk posture as The bank’s capital is measured and monitored on a regular
guidance for business units on acceptable risk levels as basis to ensure the capital adequacy level is sufficient,
part of the Bank’s strategy determination process, taking whether to meet regulatory minimum requirements or to
into account external and internal conditions, as well support risk-taking activities in daily business processes
as the bank’s capabilities and limitations. Risk posture while also taking into account the Bank’s business and
provides a qualitative direction at the beginning of the expansion plan, as well as capital buffers, to anticipate
annual planning process for the level or the risk posture unexpected losses. The calculation of capital adequacy
that the business unit will implement in the coming years. based on risk profile refers to regulatory requirements.
In line with the EWRM framework, which prioritizes risk in
the business planning process, risk posture acts as a link The Bank also conducts an independent review of the
between the acceptable risk level and the implementation risk management and capital management processes
of strategic decisions that reflected in the preparation of associated with ICAAP in order to provide adequate
the annual budget. and independent assurance on the adequacy and
effectiveness of the internal control system used in the
Furthermore, CIMB Niaga will determine Risk Appetite ICAAP process.
in accordance with the agreed strategy. Risk appetite
is monitored on a regular basis using a dashboard that The measures taken by CIMB Niaga to monitor its capital
includes indicators/metrics with a Red Amber Green adequacy are as follows:
(RAG) threshold that serves as an early warning system • Determine the capital trigger ratio or minimum CAR
for the Bank’s strategy implementation. ratio for the Bank’s capital contingency plan.
• Determine annual internal capital targets based on
CIMB Niaga performs stress test on its budget to minimum capital requirements, business growth
measure and evaluate capital adequacy, liquidity, and plans, corporate actions, significant events, and
the bank’s ability to absorb losses in the event of an capital reserves to ensure the Bank’s capital is within
extreme but plausible crisis. The scope of stress testing the safe and optimal level.
implementation includes the three major types of risk: • Regularly conduct capital projections and comparison
credit risk (including wholesale and retail segments), against the actual capital in the short, medium,
market risk (including the interest rate and exchange rate and long term to ensure a comprehensive capital
risk), and liquidity risk. monitoring process and well prepared capital strategy
planning.
The Bank will use the results of capital-related stress
testing, among other things, to determine capital reserves Furthermore, CIMB Niaga has also implemented a
in stressful situations as part of the annual Capital risk-based performance assessment (RAROC) during
Planning process and to prepare a Capital Contingency performance evaluation, which measures the profitability
Plan. of each business unit based on the risks taken and returns
obtained. The Bank will continue to refine the methodology
In terms of liquidity risk, stress testing can be used to used for risk-based performance assessment and its
assess the adequacy of liquidity and the available liquid usage.
asset reserves, as well as the preventative and corrective
measures outlined in the Contingency Funding Plan.
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Sharia Business Unit (SBU)
Risk Management
The implementation of Sharia Business Unit (SBU) Risk Sharia-compliant policies, procedures, systems, products,
Management at CIMB Niaga is carried out with Dual Banking and contracts and also performs oversights by sampling
Leverage Model (DBLM) concept. The Bank develops the risk Sharia banking transactions. Currently, SSB members are
management infrastructure and implements governance in designated as the Bank’s main management parties as well
accordance with the DBLM concept and applicable Sharia as members of the Board of Directors and members of the
principles. In accordance with the DBLM principle, the Risk Board of Commissioners in accordance with OJK regulations.
Management Unit (RMU) is also responsible for the Sharia
Business Unit (SBU). The risk management policy for SBU To ensure compliance with Sharia principles, SSB has
is prepared as part of the bank’s risk management policy. organizational tools to carry out its operations functions,
Meanwhile, the Sharia risk management procedures is i.e., the Sharia Advisory Group, whose main responsibility
prepared to suit the needs and the operational complexity is to provide SSB with insights into Sharia fulfillment and
in SBU. compliance in policies, procedures, products, systems, and
contracts.
The process of risk identification and measurement is
performed by adopting a methodology that is appropriate The Sharia Governance Review implements supervision
for the Islamic banking concept, including Sharia Business through sampling of Sharia banking transactions, with the
Unit (SBU) risk profile measurements that are conducted main responsibilities of assisting the SSB in conducting
periodically and submitted to the Otoritas Jasa Keuangan Sharia compliance reviews of transactions and product
(OJK). It covers 10 types of risk, which include credit risk, implementation, as well as preparing the SSB supervision
market risk, liquidity risk, operational risk, legal risk, results report to the regulator.
strategic risk, reputation risk, and compliance risk, as
well as specific risks that apply to Sharia banking, such as The Syariah Risk Control Unit is responsible for ensuring that
rate of return risk and investment risk. Furthermore, the all SBU activities comply with all applicable provisions and
implementation of credit risk management also includes effectively manage operational risks. Active coordination
country risk and transfer risk in accordance with OJK has been set up with the Compliance Directorate, the Risk
Regulation requirement. Management Directorate, the Anti-Fraud Management
Unit, other units that handle Policies and Procedures, and
The Bank’s business processes are continuously monitored other RCUs to encourage a culture of risk awareness and
and evaluated through the Risk Management Committee, compliance at SBU. Syariah RCU also conducts socialization
whereby the Director in charge of the Sharia Business Unit on the guidelines for sharia non-compliance risk events, with
is also a member of the RMC. The results of risk monitoring the objective of increasing all employees’ understanding
are also reported to the Board of Commissioners through regarding sharia non-compliance risks.
the Risk Oversight Committee (ROC) and Sharia Supervisory
Board (SSB). In order to manage risks related to fulfillment In order to implement risk management at SBU, RMU
with Sharia principles, the Sharia Business Unit has a Sharia presents the SBU risk profile at SSB meetings regularly.
Supervisory Board (SSB), which is responsible for approving
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Risk Profile and Soundness
Level of Bank and Consolidation
The risk profile is a comprehensive description of the strategy and macroeconomic conditions. This approach
level of potential inherent risks in the Bank’s entire allows the Bank to manage risks comprehensively
portfolio or exposure. The Bank conducts its own risk and take appropriate action, including at the level of
profile assessments on a regular basis, both individual Subsidiary Companies based on their business activities.
and consolidated, in accordance with POJK No.18/ The risk profiles of CIMB Niaga and consolidation based
POJK.03/2016 on the Implementation of Risk Management on the 2024 self-assessment results are at level 2 rating
for Commercial Banks and OJK Regulation No. 38/ (Low to Moderate).
POJK.03/2017 on the Implementation of Consolidated Risk
Management for Banks that Control over Subsidiaries. In accordance with OJK Regulation No. 4/POJK.03/2016
This risk profile assessment includes major risks, such as on the Assessment of the Soundness Level of Commercial
credit/finance risk, market risk, liquidity risk, operational Banks, CIMB Niaga conducts an assessment of the
risk, legal risk, reputation risk, strategic risk, compliance Bank’s Soundness Level using a risk-based Bank Rating
risk, and sharia-specific risks, such as rate of return risk approach that includes 4 factors: risk profile, Good
and investment risk. Furthermore, credit risk management Corporate Governance (GCG), Earnings, and Capital.
implementation also includes country risk and transfer According to the results of the 2024 self-assessment,
risk in accordance with POJK regulations. the Bank’s Soundness Level (individual and consolidated)
is at a composite rating of 2 (Sound). This reflects the
The Bank assesses the risk profile using indicators Bank’s overall soundness, which is considered capable
that involve both historical data and forward-looking of experiencing significant negative influences from
considerations, taking into account the Bank’s business changes in business conditions and other external factors.
Integrated Risk Management
CIMB Niaga carries out its function as the Main Entity adequacy of risk management policies and procedures,
(ME) of the CIMB Indonesia Financial Conglomerate risk management processes, and internal control systems.
(FC), whose implementation is based on OJK Regulation
No. 17/POJK.03/2014 on the Implementation of Integrated In an Integrated manner, CIMB Indonesia’s FC conducts
Risk Management for Financial Conglomerates. The ME self-assessment of 9 (nine) types of risk, which are
serves as a coordinator that integrates the implementation credit risk, market risk, liquidity risk, operational risk,
of risk management in Financial Conglomerates whose strategic risk, reputation risk, legal risk, compliance risk,
members are Financial Services Institutions (FSI), taking and intragroup transaction risk, through the Integrated
into account each FSI’s business characteristics. Risk Profile report, which is conducted twice a year. The
assessment results are presented as a rating derived by
The Bank has an Integrated Risk Management aggregating the assessments from each entity. CIMB
Procedure as a standard reference for implementing risk Indonesia FC maintains a web-based application called
management within the FC, which governs the principles the CIMB Integrated Reporting System (CIRS), which is
to be complied with during the integrated risk reporting connected to FSIs and is used to submit working papers
process flow, a delegation of authority, limit setting, and data supporting risk profile assessments. This system
and risk exposure monitoring in regard to implementing is expected to reduce manual processes and potential
integrated risk management. human errors, and improve data and information accuracy
as well as the timeliness of the reporting process.
Furthermore, integrated risk management is implemented
through processes such as mentoring and aligning risk The FC of CIMB Indonesia has formed an Integrated Risk
management practices in relation to risk governance, Management Committee (IRMC) as a forum to discuss
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matters related to risk management in FSI members of process, the Committee discusses and communicates
FC so that the integrated risk management process can the main concern on the risk exposure of FC members
run effectively and comprehensively. The process of in order to improve the risk management process in the
monitoring and evaluating each FSI’s risk exposure is also future.
carried out using IRMC and reported to the ME through
the Risk Management Committee (RMC) at the Main The structure of CIMB Indonesia’s FC in 2024 remains
Entity. The IRMC consists of Directors who oversee the the same as the previous year, with 2 (two) subsidiary
risk management functions of FSI members of the FC and companies: PT CIMB Niaga Auto Finance (CNAF) and PT
ME risk management officers who specialize in specific CIMB Niaga Sekuritas (CNS).
risk disciplines. During this monitoring and evaluation
Basel Implementation
CIMB Niaga commits to adopt best risk management (CCP PUVA) in Indonesia, the Bank has implemented the
practices, such as Basel standards, in order to requirement of OJK Circular Letter No. 16/SEOJK.03/2023
fundamentally strengthen and sustain its risk governing the calculation of capital for the Bank’s
management functions. The Bank’s comprehensive and exposure to CCPs, effective as of September 2024
integrated risk management is developed on an ongoing reporting.
basis and is not limited to the major initiatives listed
below: This reporting system is integrated with commercial
1. Develop and refine credit risk models to meet Basel banks’ monthly reporting in One Reporting (ANTASENA)
II and III rating/scoring requirements for Corporate, and reporting through the OJK Online Reporting (APOLO).
Specialized Lending, Credit Cards, Mortgages,
Personal Loans, Auto Loans, and SME Retail asset Along with Basel III Capital, the Bank has also put in
groups. place Basel III Liquidity, which follows the regulation set
2. Develop infrastructure functions using CRIPAS RWA out in OJK Regulation No. 42/POJK.03/2015, which was
(Credit Risk Parameter System Risk Weighted Assets) then updated in November 2024 with OJK Regulation
for: No. 19 of 2024 concerning the Obligation to Fulfill the
a. Implementing the Internal Credit Model Liquidity Coverage Ratio for Commercial Banks and OJK
b. Integrating credit risk data from upstream to Regulation No. 50/POJK.03/2017 which was then updated
downstream (end-to-end). with OJK Regulation No.20 of 2024 on The Obligation
c. Centralized credit risk repository. to fulfill the Net Stable Funding Ratio for Commercial
d. RWA calculation using the Internal Rating-Based Banks. The Bank is also managing interest rate risk
(IRB) approach. in the banking book, which is in line with OJK Circular
Letter No.12/SEOJK.03/2018 on The Implementation of
Aligned with the Basel framework and implementation Risk Management and Risk Measurement – A Standard
guidelines issued by the Otoritas Jasa Keuangan (OJK), the Approach to Interest Rate Risk in the Banking Book
Bank has established infrastructure to ensure regulatory for Commercial Banks. To meet these requirements,
reporting compliance, particularly regarding changes to the Bank set up the ALMIRA system, which generates
RWA standards for credit risk, market risk, and operational accurate and timely reports and calculations, as well as
risk under the Basel III Capital Standards (Reform) comprehensive and detailed information that it can be
approach, including support for the implementation of used for Bank analysis purposes, covering individual Bank,
the Fundamental Review of the Trading Book (FRTB) for subsidiary, and consolidated portfolios. This system has
market risk and the implementation of operational RWA been implemented since 2016 for liquidity risk and since
calculations using the Standard approach with internal 2019 for interest rate risk. The implementation of Basel
models. and related OJK regulations is supported by governance,
infrastructure systems, and best methodological
In accordance with Bank Indonesia’s appointment of PT practices that gradually and consistently create a good
Kliring Penjaminan Efek Indonesia (KPEI) as the Central risk culture, which is important for business sustainability.
Counterparty for the Money Market and Foreign Exchange
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Disclosure of Recovery Plan
1. Objectives of the Recovery Plan CIMB Niaga carries out an internal assessment
CIMB Niaga’s has compiled Recovery Plan which aims to determine business lines that are considered
to achieve and maintain bank stability in the financial critical and non-critical with the aim of identifying
system, in line with the Government of the Republic the role of each business line in the banking
of Indonesia’s mission to develop and strengthen the industry so as to enable the Bank to determine
financial sector (Law of the Republic of Indonesia No. which business lines to maintain during financial
4 of 2023) and support the national economy. stress.
The Recovery Plan represents CIMB Niaga’s b. Assessment of Financial and Operational
commitment to: Interdependencies
a. Ensure a solid financial system stability in facing CIMB Niaga conducts an assessment of financial
the threat of a potential financial crisis due to and operational interdependence with parent
pressure on various financial conditions. companies, affiliated companies, and subsidiary
b. Prevent and manage problems experienced by the companies, along with critical systems, with the
bank where the bank has determined the steps to aim of assessing the potential impact that financial
be taken when financial stress occurs that might stress may have on these interdependencies.
threaten business sustainability.
c. Reverse Stress and Stress Testing
The Recovery Plan preparation has been tailored to CIMB Niaga conducts reverse stress testing to
the Bank’s conditions and refers to OJK Regulation identify stress scenarios/financial stress, either
No. 5 of 2024 on the Determination of Supervision due to market-wide or idiosyncratic factors, that
Status and Handling of Commercial Bank Issues, can lead to non-viable conditions. Market-wide
which includes the following: financial stress scenario encompass pressure
a. Conduct a general business review through caused by macroeconomic factors that affect
critical business lines and functions identification. both the market and other market participants,
b. Identify the Bank’s financial and operational whereas the idiosyncratic scenario is the pressure
interdependence with parent, affiliated, and caused by a specific event that affects only CIMB
subsidiary companies, as well as critical business Niaga.
systems.
c. Identify potential financial pressures, including d. Determination of Recovery Plan Indicators
market-wide and idiosyncratic factors. To ascertain the activation of the Recovery
d. Conduct stress testing to identify scenarios that Plan, CIMB Niaga has established financial ratio
may lead to non-viable conditions. indicators. These indicators are categorized into
e. Establish financial indicators to determine when four classifications: Capital, Liquidity, Profitability,
to activate the Recovery Plan. and Asset Quality.
f. Define recovery actions to be executed in
managing the financial crisis, as outlined in e. Recovery Options
recovery options. CIMB Niaga has identified recovery options
g. Establish a framework and governance for to ensure the Bank’s business continuity in
managing the Recovery Plan, including anticipation of challenging financial conditions.
its maintenance, execution, updates, and These recovery options will be executed if the
communication of the action plan. Recovery Plan indicators are exceeded; however,
several actions must be completed before the
2. Recovery Plan Framework Recovery Plan becomes active in the context of
a. General Business Review prevention. The predetermined recovery options
The General Business Review is carried out by are tailored to the Bank’s conditions and selected
identifying business lines owned by the bank. The based on their credibility and feasibility of each
internal assessment process determines which option.
business lines are core and non-core, as well as
critical and non-critical.
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f. Governance for the internal and external communication
CIMB Niaga has established governance for the process (various stakeholders) during the recovery
Recovery Plan, wherein the Board of Directors phase. In the communication process, CCMT is in
oversees and activates the plan during the charge of selecting communication strategies and
recovery period, supported by committees such managing communication flows.
as the Crisis Management Committee (CMC) and .
Funding Crisis Management Team (FCMT), along 3. Recovery Plan Governance
with other relevant units. Monthly monitoring The RMC receives monthly monitoring reports on
of Recovery Plan indicators is conducted and Action Plan indicators covering 4 (four) aspects,
reported to the Risk Management Committee namely Capital, Liquidity, Profitability and Asset
(RMC). The Recovery Plan’s framework and Quality. In managing the Recovery Plan, the Board
governance have been thoroughly documented, of Directors is also supervised by the Board of
including steps for activating the Recovery Plan Commissioners. If significant operational and liquidity
and communication processes for internal and issues arise, the CMC (Crisis Management Committee)
external stakeholders during the recovery phase. and FCMT (Funding Crisis Management Team) report
to the Board of Directors, which are then submitted to
g. Communication the Board of Commissioners.
The communication process for the Recovery
Plan will be aligned with the Bank’s existing Updating of documents, which also involves senior
Communication and Disclosure Plan, which management, is carried out periodically to ensure
includes the setting up of a Crisis Communication alignment with the Bank’s current business conditions.
Management Team (CCMT), which is responsible
Action Plan Indicator Reporting Governance
Board of
Commissioners
Board of Directors
Crisis Management Funding Crisis Management
Committee (Operational) Team (Liquidity)
Various Business &
Support Units
Monitoring and Reporting of Monthly Action Plan Indicators
Risk Management
Committee
Capital Liquidity Profitability Asset Quality
4. Submission of Recovery Plan
CIMB Niaga has submitted an update of the Recovery Plan to the OJK in 2024 in order to comply with OJK Regulation
No. 5 of 2024 on Determination of Supervision Status and Handling of Commercial Bank Issues.
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AFM (Anti Fraud Management)
In accordance with OJK Regulation (POJK) forms of fraud or violations of the CIMB Niaga Employee
No. 039/POJK.03/2019, concerning the Implementation of Code of Ethics and Conduct.
Anti-Fraud Strategies for Commercial Banks, as amended
by POJK No. 12 of 2024, concerning the Implementation of The implementation of anti-fraud strategies applies to all
Anti-Fraud Strategies for Financial Services Institutions, parties with an interest in the Bank. CIMB Niaga routinely
CIMB Niaga has established a dedicated Anti-Fraud sends letters of confirmation regarding the implementation
Management unit (AFM) to effectively implement anti- of anti-fraud policy throughout the Bank’s organizational
fraud strategies throughout the bank. As part of its internal levels, as well as a mechanism for reporting violations
control system, CIMB Niaga has issued an anti-fraud policy through the whistleblowing system, to all Bank partners.
to serve as a foundation for carrying out its functions, with Notification/Appeal Letters regarding the prohibition of
the aim of encouraging a compliance culture and raising Gratuities are also routinely sent prior the holidays as an
risk awareness of potential fraud and its consequences. additional reminder.
CIMB Niaga requires that all members of the Board of
Commissioners, Sharia Supervisory Board, Directors, and ZERO TOLERANCE TO FRAUD
employees uphold honesty, professionalism, and integrity CIMB Niaga is committed to zero tolerance for fraud,
without exception. They are expected to proactively which means that any perpetrators of fraud at CIMB
protect and safeguard the Bank’s assets, customers, Niaga will face severe consequences, including criminal
and other stakeholders in compliance with internal and charges, without exception. The implementation of
external regulations. enforcing the “zero tolerance to fraud” principle is to
build a work culture of integrity as one of the important
The Board of Directors and the Board of Commissioners foundations in maintaining the Bank’s assets, customers,
are responsible for ensuring that anti-fraud measures and other stakeholders as well as supporting sustainable
are implemented effectively within the Bank. As form of growth.
active supervision by the Board of Directors and Board of
Commissioners’ on fraud prevention, CIMB Niaga signs ANTI-FRAUD STRATEGY
and implements the Integrity Pact every year by all levels CIMB Niaga’s anti-fraud strategy is implemented in the
of the Bank’s organization, members of the Board of form of a fraud control system in accordance with POJK
Commissioners, Sharia Supervisory Board, and the Board No. 039/POJK.03/2019 and POJK No. 12 of 2024 which
of Directors. All Bank employees, including permanent, consist of 4 (four) interrelated anti-fraud strategy pillars,
contract, and outsourced employees, are required to which are:
complete the Integrity Pact attestation as a form of
commitment to always uphold integrity and oppose all
Prevention Detection Investigation Monitoring
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PREVENTION 6. Maker-checker control mechanisms, verification, and
Prevention is an activity carried out to overcome the other control mechanisms by utilizing systems or
potential for fraud and losses for the Bank, customers, infrastructure attached to the Bank’s products and
and other stakeholders. One of the efforts to prevent fraud operational processes.
is by building an anti-fraud culture and raise awareness 7. Collaborate with auditors to detect fraud in specific
of fraud among internal employees, customers, and segments, products, and business processes with a
business partners through various educational programs risk-based approach.
related to anti-fraud awareness that are carried out on a
continuous basis. Since 2017, CIMB Niaga has been working with an
independent and professional third party, PT Deloitte
This educational program is carried out not solely for Advis Indonesia/PT DC Solution as the party that manages
employees but also for customers and other stakeholders the Whistleblowing System (WBS), which is responsible
using various methods/media, including face-to-face for receiving incoming reports, forwarding them to
or virtual training/sharing session programs, the use of CIMB Niaga, and acting as a communication liaison
e-Learning applications (Learning on The Go), and other between CIMB Niaga and the reporter when necessary.
communication media such as WhatsApp, email blasts, With the appointment of this third party, it is expected
Bank social media (Facebook, Instagram, X, TikTok), that employees, customers, business partners, and the
the CIMB Niaga website, Digital Posters displayed public will become more comfortable in reporting any
at branch offices, SMS, ATM/CDM Displays, Billing/ indications of fraud or violations involving CIMB Niaga
Account Statements, as well as call center waiting employees. The appointment of an independent third
tones (Interactive Voice Response/IVR). This educational party also ensures that the confidentiality of the reporter
program is carried out, among other things, to: is strictly protected.
1. All parties well understand that CIMB Niaga
implements zero-tolerance to fraud, where INVESTIGATION
perpetrator of fraud and all parties involved (internal Investigations on indications or suspected fraud are
and external) will face severe consequences without conducted to trace and identify the perpetrators of
exception. fraud, modus operandi, motives, and causes of fraud.
2. All employees are expected to uphold the Bank’s The investigation process provides the Bank with an
values and demonstrate high integrity while carrying strong basis for imposing sanctions on the perpetrators
out their duties in alignment with applicable policies and other follow-up actions, that includes managing the
and procedures. victim customers (if any), addressing incurred losses,
3. All parties can participate in preventing fraud pursuing legal actions, and improving controls based on
including raising awareness of cyber risks and weaknesses found during the investigation process.
avoiding becoming victims of fraud perpetrators.
MONITORING
All parties implement speak up culture and not allowing The monitoring pillar includes following up on and
indications of fraud through the Bank’s Whistleblowing evaluating fraud cases that occur, as well as reporting
System (WBS). fraud cases to Management and OJK. The process of
following up on fraud cases involves imposing sanctions
DETECTION on the involved perpetrators and related parties,
An effective identification system is critical for promptly managing losses, and taking necessary legal actions. All
identifying fraud, allowing for emmediate mitigation cases are also evaluated to identify any improvements in
steps to avoid more risks or greater losses. The Bank controls and/or processes that are required to prevent
detects fraudulent actions through a variety of methods, the same fraud from reoccurring again.
including:
1. Regular and surprise audits. Anti-fraud strategies are regularly reported to the Board
2. Surveillance systems. of Directors and Board of Commissioners, as well as the
3. Approach through data analytics carried out by the OJK, to ensure compliance with prevailing regulations.
control function. The explanation of each pillar above demonstrates
4. Encouraging a speak-up culture through the that CIMB Niaga has implemented anti-fraud strategy
Whistleblowing System (WBS). comprehensively and that each pillar is interrelated so
5. Monitoring suspicious transactions outside the that the strategy can run effectively.
customer profile in relation to Anti-Money Laundering
and Prevention of Terrorist Financing (APU-PPT).
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Basel II Pillar 3: Capital Disclosure,
Risk Exposure, and Risk Management
Implementation
GENERAL AFFAIR
Table 1.a. Consolidated Disclosure of Quantitative Key Metrics
Bank Name : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : 31 December 2024
(in million Rupiah)
a b c d e
No. Description
Dec 24 Sep 24 Jun 24 Mar 4 Dec 23
Available Capital (value)
1 Common Equity Tier 1 50,821,659 49,001,975 46,210,848 47,924,237 45,804,024
2 Tier 1 Capital 50,821,659 49,001,975 46,210,848 47,924,237 45,804,024
3 Total Capital 53,313,814 51,366,573 48,558,481 50,133,690 48,066,729
Risk Weighted Asset (Value)
4 Total Risk Weighted Asset (RWA) 228,422,975 219,172,540 213,955,432 204,987,584 200,125,898
Risk Based Capital Ratio in the form of percentage of RWA
5 Common Equity Tier 1 (CET1) Ratio (%) 22.25% 22.36% 21.60% 23.38% 22.89%
6 Tier 1 Ratio (%) 22.25% 22.36% 21.60% 23.38% 22.89%
7 Tier 1 Capital Ratio (%) 23.34% 23.44% 22.70% 24.46% 24.02%
Additional CET1 that functions as buffer in the form of percentage of RWA
8 Capital conservation buffer (2.5% dari ATMR) (%) 2.50% 2.50% 2.50% 2.50% 2.50%
9 Countercyclical Buffer (0 - 2.5% dari ATMR) (%) 0.00% 0.00% 0.00% 0.00% 0.00%
10 Capital Surcharge for systemic Banks (1% - 2,5%) (%) 1.00% 1.00% 1.00% 1.00% 1.00%
11 Total CET1 as buffer (Line 8 + Line 9 + Line 10) 3.50% 3.50% 3.50% 3.50% 3.50%
12 CET1 Component for buffer 12.31% 12.32% 12.30% 12.32% 12.27%
Leverage ratio in accordance with Basel III
13 Total Exposure 357,993,800 349,631,537 344,633,943 329,204,596 333,464,950
14 Leverage Ratio Value, including the impact of the adjustment towards temporary 14.20% 14.02% 13.41% 14.56% 13.74%
exemptions on current account placements in Bank Indonesia in order to meet
Statutory Reserve provisions (if any)
14a Basel III compliant leverage ratio in the presence of Expected Loan Loss Model N/A N/A N/A N/A N/A
Expected Loan Loss Model in full compliance with PSAK 71. (%) (line 2a/line13)
14b Leverage Ratio Value, excluding the impact of the adjustment towards temporary 14.20% 14.02% 13.41% 14.56% 13.74%
exemptions on current account placements in Bank Indonesia in order to meet
Statutory Reserve provisions (if any)
14c Leverage Ratio Value, including impact from the adjustment towards temporary 14.20% 14.02% 13.41% 14.56% 13.74%
exemptions on current account placements in Bank Indonesia in order to meet
Statutory Reserve provisions (if any), which has inputed the average value of the
listed value of the Securities Financing Transaction (SFT) assets on a gross basis
14d Leverage Ratio Value, excluding the impact of the adjustment towards temporary 14.20% 14.02% 13.41% 14.56% 13.74%
exemptions in current account placements in Bank Indonesia in order to meet
Statutory Reserve provisions (if any), which has inputed the average value of the
listed value of the Securities Financing Transaction (SFT) assets on a gross basis
Liquidity Coverage Ratio (LCR)
15 Total High Quality Liquid Assets (HQLA) 99,026,075 100,816,391 102,404,163 97,472,959 88,255,234
16 Total Net Cash Outflow 43,908,886 43,473,291 41,705,989 40,153,498 35,361,805
17 LCR (%) 225.53% 231.90% 245.54% 242.75% 249.58%
Net Stable Funding Ratio (NSFR)
18 Total Available Stable Funding (ASF) 234,496,340 236,303,629 230,867,635 229,961,491 219,223,738
19 Total Required Stable Funding (RSF) 202,818,676 196,072,374 193,426,805 191,813,781 191,184,798
20 NSFR (%) 115.62% 120.52% 119.36% 119.89% 114.67%
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Qualitative Analysis
CAR Ratio:
CIMB Niaga’s consolidated Capital Adequacy Ratio (CAR) in Dec 2024 (T) was 23.34%, down 0.10% from the Sept 2024 (T-1) position at 23.44%.
The decrease in CAR was due to an increase of Rp9.2 trillion in total ATMR due to an increase of Rp10.8 trillion in Credit ATMR despite a decrease
in of Rp6 trillion market ATMR. On the other hand, total Capital increased by Rp1.9 trillion due to an increase of Rp1.7 trillion in net profit for
the current year, a decrease in capital reduction factors due to a decrease of Rp0.8 trillion in deferred tax calculations, while the potential loss
from a decrease in the fair value of financial assets measured at fair value through other comprehensive income increased by Rp0.7 trillion.
In comparison with the position in Dec 2023 (T-4), the CAR ratio in Dec 2024 (T) decreased by 0.68%. The decrease was due to an increase of
Rp28.3 trillion in total ATMR, which was mainly due to an increase of Rp20.9 trillion in credit risk ATMR and of Rp7.6 trillion market risk ATMR,
although the Bank’s total capital increased by Rp5.2 trillion.
Leverage Ratio:
CIMB Niaga’s consolidated leverage ratio in Dec 2024 (T) was 14.20%, an increase of 0.18% from the position in Sept 2024 (T-1) of 14.02%. The
increase was due to an increase of Rp1.8 trillion in core capital despite an increase of Rp8.4 trillion in total exposure.
LCR:
On a consolidated basis, the average LCR figure for the fourth quarter of 2024 was 225.53% or a decrease of 6.38% compared to the previous
quarter (position in the third quarter of 2024 of 231.90%). There was a decrease in the average weighted value of HQLA, mostly in the form of a
decrease in the average total Placement with BI and Securities categorized as HQLA Level 2A. The decrease was allocated to Loans disbursed
on average which increased compared to the previous quarter. The increase in Loans Disbursed was also supported by an increase in the average
total of Community Deposits and Interbank Loans which increased on average that increased Net Cash Outflow. The change occurred mostly on
the Parent Company or Bank side, considering that the Subsidiary component was relatively small in comparison to the Bank’s.
NSFR:
Consolidated NSFR in December 2024 was 115.62%, still above the Regulator’s limit. The Consolidated NSFR figure decreased by 4.90%
compared to September 2024 recorded at 120.52%. The decrease was due to an increase of 3.44% in the total weighted value of the
consolidated RSF component or eq. Rp6.75 trillion after temporary weighting, and there was a decrease of 0.76% in the total weighted value of
the consolidated ASF or eq. Rp1.81 trillion after weighting.
Table 1.b. The difference between Consolidated Coverage under Accounting Standards and Prudential Provisions
(in million Rupiah)
a b c d e f g
Carrying value of the respective risks
Carrying value
Carrying In accordance Not refer
as specified in In accordance
value based In accordance with In accordance to capital
the financial with
on prudent with credit risk counterparty with market risk requirements or
statement securitization
principles framework credit risk framework based on capital
publication framework
framework reduction
Indonesia
Assets
Cash 3,650,137 3,650,137 3,650,137 - - - -
Placement in Bank Indonesia 14,839,816 14,839,816 14,839,816 - - - -
Placement in other banks 2,707,505 2,707,505 2,707,505 - - - -
Spot and derivative receivables 1,184,890 1,184,890 1,184,890 2,674,712 - 1,184,890 -
Securities 82,163,151 82,163,151 58,499,088 - - 23,664,063 -
Securities sold under 11,647,610 11,647,610 11,288,963 358,647 - - -
repurchase agreements (repo)
Claims on securities purchased 1,612,832 1,612,832 - 1,612,832 - 1,286,783 -
under re-sell agreement
(reverse repo)
Acceptance receivables 2,761,800 2,761,800 2,761,800 - - - -
Loans 167,714,065 167,714,065 167,714,065 - - - -
Sharia Financing 60,288,930 60,288,930 60,288,930 - - - -
Investments 24,214 24,214 24,214 - - - -
Other financial assets 4,223,480 4,223,480 4,223,480 - - - -
Allowance for impairment in of
financial assets -/
a. Marketable securities (840) (840) - - - - -
b. Loans and Sharia financing (10,653,400) (10,653,400) (8,985,279) - - - -
c. Others (10,904) (10,904) (10,904) - - - -
Intangible assets 4,793,792 4,793,792 - - - - 4,793,792
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(in million Rupiah)
a b c d e f g
Carrying value of the respective risks
Carrying value
Carrying In accordance Not refer
as specified in In accordance
value based In accordance with In accordance to capital
the financial with
on prudent with credit risk counterparty with market risk requirements or
statement securitization
principles framework credit risk framework based on capital
publication framework
framework reduction
Accumulated amortization of (2,749,412) (2,749,412) - - - - (2,749,412)
intangible assets -/
Fixed assets and inventories 9,412,967 9,412,967 9,412,967 - - - -
Accumulated depreciation of (2,609,472) (2,609,472) (2,609,472) - - - -
fixed assets and inventories -/
Non-productive assets - - - - -
a. Abandoned properties 1,254 1,254 1,254 - - - -
b. Foreclosed collaterals 419,166 419,166 419,166 - - - -
c. Suspended accounts 60,550 60,550 60,550 - - - -
d. Inter-branch assets 568,401 568,401 568,401 - - - -
Other assets 8,169,978 8,169,978 8,051,989 - - - 117,989
Total assets 360,220,510 360,220,510 334,091,559 4,646,191 - 26,135,736 2,162,369
Liabilities
Current account 91,788,134 91,788,134 - - - - -
Saving account 80,279,071 80,279,071 - - - - -
Time deposits 88,571,822 88,571,822 - - - - -
Electronic money 133,418 133,418
Liabilities to Bank Indonesia - - - - - - -
Interbank liabilities 5,959,468 5,959,468 - - - - -
Spot and derivative liabilities 906,630 906,630 - - - - -
Liabilities on securities sold 11,288,963 11,288,963 - - - - -
under repurchase agreement
Acceptance liabilities 2,761,800 2,761,800 - - - - -
Issued securities 1,761,966 1,761,966 - - - - -
Borrowings 8,487,935 8,487,935 - - - - -
Security deposits 235,497 235,497 - - - - -
Inter-branch liabilities - - - - - - -
Other liabilities 14,849,479 14,849,479 - - - - -
Minority interest 197,140 197,140 - - - - -
Total liabilities 307,221,323 307,221,323 - - - - -
Qualitative Analysis
The difference between the total carrying amount of assets in accordance with the consolidated scope of prudential requirements and the carrying
amount of each risk (as reported in table 1b) derived from the value of Spot Derivative Receivables and Receivables on securities purchased under
agreements to resell (reverse repo). The differences are explained as follows:
1. Spot Derivative Receivables
- Referring to OJK regulations for financial assets in the form of Spot Receivables and Derivatives subject to more than one risk, namely in the
counterparty credit risk framework and the market risk framework.
- In the counterparty credit risk framework, the calculation of Derivative Transactions with the Standard Approach has different calculation
criteria from the accounting recorded value because the calculation uses the sum of Replacement Cost and Potential Future Exposure data
multiplied by 1.4 in accordance with the provisions of SEOJK Number 48/SEOJK.03/2017.
- In the market risk framework, the calculation refers to SEOJK Number 23/SEOJK.03/2022 concerning Risk-Weighted Assets for Market Risk
for Commercial Banks.
2. Receivables from securities purchased under agreements to resell (reverse repo).
- Referring to OJK regulations for financial assets in the form of reverse repos subject to more than one type of risk, namely counterparty credit
risk and market risk framework
- In the market risk framework, the calculation of Reverse Repo Transactions refers to the provisions of SEOJK Number 23/SEOJK.03/2022
Market risk framework concerning Reverse Repo transactions in the Trading Book.
- In the counterparty credit risk framework, the calculation of reverse repo refers to SEOJK Number 24/SEOJK.03/2021 concerning Guidelines
for Calculating Risk-Weighted Assets for Credit Risk using the Standard Approach for Commercial Banks.
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Table 1.c. Main Source of Difference between Exposure according to Prudential Provisions and Carrying Values
according to Financial Accounting Standards
(in million Rupiah)
a b c d e
Item in accordance with:
Total Counterparty
Credit risk Securitization Market risk
credit risk
framework framework framework
framework
Asset carrying value amount under scope of regulatory consolidation (as 360,220,510 334,091,559 - 4,646,191 26,135,736
reported in table LI1)
Liabilities carrying value amount under regulatory scope of consolidation (as - - - - -
reported in table LI1)
Total net amount under regulatory scope of consolidation - - - - -
Off-balance sheet amounts 112,428,723 21,212,583 - - -
Calculation of Derivative Transactions with Standardized Approach - 2,674,712 - - -
Differences due to different netting rules, other than those already included - - - - -
in row 2
Differences due to consideration of provisions - - - - -
Differences due to prudential filters - - - - -
Exposure amounts considered for regulatory purposes - - - - -
Qualitative Analysis
The difference between the total carrying amount of assets in accordance with the consolidated scope of prudential requirements and the carrying
amount of each risk (as reported in table 1b) derived from the value of Spot Derivative Receivables and Receivables on securities purchased under
agreements to resell (reverse repo). The differences are explained as follows:
1. Spot Derivative Receivables
- Referring to OJK regulations, financial assets in the form of Spot and Derivative Bills are subject to more than one risk, namely in the counterparty
credit risk framework and the market risk framework.
- In the counterparty credit risk framework, the calculation of Derivative Transactions using the Standardized Approach has different calculation
criteria from the accounting carrying value because the calculation uses the sum of Replacement Cost and Potential Future Exposure data
multiplied by 1.4 in accordance with the provisions of SEOJK Number 48/SEOJK.03/2017.
- In the market risk framework, the calculation refers to SEOJK Number 23/SEOJK.03/2022 concerning Risk Weighted Assets for Market Risk for
Commercial Banks.
2. Receivables from securities purchased under agreements to resell (reverse repo).
- Referring to OJK rules, financial assets in the form of reverse repo are subject to more than one type of risk, namely counterparty credit risk and
market risk framework.
- In the market risk framework, the calculation of Reverse Repo Transactions refers to the provisions of SEOJK Number 23/SEOJK.03/2022 Market
risk framework regarding Reverse Repo transactions in the Trading Book.
- In the counterparty credit risk framework, the reverse repo calculation refers to SEOJK Number 24/SEOJK.03/2021 regarding Guidelines for
Calculating Risk-Weighted Assets for Credit Risk using the Standardized Approach for Commercial Banks.
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Capital
QUALITATIVE DISCLOSURE OF CAPITAL b. Capital Structure
STRUCTURE AND ADEQUACY The capital components are generally dominated by
The Bank’s capital management framework is designed to permanent and loss-absorbing capital components,
ensure that the Bank maintains a sound capital structure with core capital (Tier-1) remaining the largest
in accordance with the risk profile, business targets, and component of the Bank’s capital. In addition to core
capital adequacy requirements set by the regulator. The capital, the Bank has issued capital instruments,
capital component is concentrated in core capital, or Tier specifically subordinated bonds, with the following
1, with a consolidated Tier 1 ratio as of December 2024 at details:
21.11% out of the Capital Adequacy Ratio (CAR) at 22.19%.
1. Subordination III of 2018.
a. Capital Management Objective. On 15 November 2018, the Bank issued
CIMB Niaga aims to maintain its strong capital Subordinated Bonds III of 2018 amounting to
position while optimizing capital utilization to support Rp150 billion, which comprising the following:
business growth and maintain investors, depositors,
customers, and market trust. The main objectives of Series A: The principal amount of the Series A
bank capital management are as follows: Subordinated Bonds is Rp75 billion with fixed
1. Provide adequate capital for business growth, interest rate of 9.85% per annum and had matured
both organic and inorganic, in line with business on 15 November 2023.
appetite. This can be achieved by implementing
capital management as follows: Series B: The principal amount of the Series B
a. Short, medium, and long-term capital planning Subordinated Bonds is Rp75 billion with fixed
based on business strategy. interest rate of 10.00% per annum and will mature
b. Developing a balanced business appetite on 15 November 2025.
from the perspective of capital consumption
and capital generation through the returns The bond issuance has been approved by the
generated from the business. Banking Supervisory Board through Letter No.
2. Ensure the Bank has adequate capital to manage S-124/PB.33/2018 dated 19 December 2018,
risks, including during stress conditions. This is with an effective statement from the OJK
achieved, among others, by: Capital Market Supervisory through Letter
a. Complying with regulatory requirements for No. S-158/D.04/2018 dated 8 November 2018.
bank capital at all times. Pertaining to these subordinated bond issuances,
b. Maintaining capital buffer above the minimum the Bank obtained an “AA idn” rating from Pefindo.
requirement. Subordinated bonds issued by the Bank are used
c. Conduct stress testing for internal and to support credit growth and maintain capital
regulatory purposes. adequacy in order to comply with the Financial
d. Carrying out projections and monitoring of Services Authority Regulation (POJK) No. 5 of
CAR to estimate capital consumption needs 2024 concerning the Determination of Supervision
for short, medium, and long-term capital. Status and the Handling of Commercial Bank
e. Preparing capital contingency plans. Issues.
f. Implementing a comprehensive recovery
plan that addresses not only capital but c. Capital Adequacy
also liquidity, profitability, and asset quality As part of banking entities in Indonesia, CIMB Niaga
aspects. always constantly strives to comply with applicable
regulations by maintaining the CAR ratio above the
minimum requirements determined by the Financial
Services Authority in determining the budget and
reserving capital that is considered sufficient to
cover risks that may arise from the Bank’s operational
activities in the future.
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The Bank has implemented the Internal Capital - Capital Conservation Buffer (CCB), at 2.5%.
Adequacy Assessment Process (ICAAP), which - Countercyclical Buffer, at 0%, based on a press
is a process for evaluating capital adequacy in release from Bank Indonesia dated 19 October
accordance with the risk profile whereby the Bank 2023.
actively monitors and maintains its capital position - Capital Surcharge Buffer for Domestic
going forward by involving several activities as Systemically Important Bank (D-SIB), at 1% based
follows: on OJK letter No.SR-195/PB.32/2024 dated 9
- Setting capital targets by considering stress October 2024 concerning the Determination of
conditions, both at the Bank and consolidated Systemic Banks and Obligations to Fulfill Capital
level, by taking into account the anticipated future Surcharge.
regulatory changes and shareholder expectations.
- Estimating capital requirements based on the As of December 2024, the Bank’s capital level has met
Bank’s risk appetite. all 3 (three) capital buffer requirements mentioned
- Determining the requirements for capital issuance above.
and the maturity profile of capital instruments.
Self-assessment results on the Bank’s capital ratio
This serves as a part of improving the effectiveness of in 2024 are considered good, with the capital ratio
risk management practices at the Bank, in accordance above the regulatory requirement and sufficient to
with OJK Circular Letter No. 26/SEOJK.03/2016 support business growth.
dated 14 July 2016 concerning Minimum Capital
Requirements in accordance with Risk Profile and The trend of capital growth based on Bank Business
Fulfillment of Capital Equivalency Maintained Assets Plan (RBB) also demonstrates the Bank’s ability to
(CEMA). support the Bank’s business expansion plan in the
future. As of December 2024, the core capital ratio
As of December 2024, the Bank self-assessed its to RWA is 20.78% for Bank on an individual basis and
risk profile at rank 2 (two) or low-moderate with a 21.11% on a consolidated basis. Overall, Bank CAR’s
Capital Adequacy Ratio (CAR) of 21.86% for the Bank ratio as of December 2024 is 21.86% on an individual
individually and 22.19% for Banks on a consolidated basis and 22.19% on a consolidated basis. Such ratios
basis. This ratio meets the OJK requirement of 9% to comply with POJK No. 27 of 2022 concerning the
less than 10% of Risk Weighted Assets (RWA) for a Second Amendment to POJK No. 11/POJK.03/2016
Bank with a risk profile rating of 2 (low to moderate). concerning Minimum Capital Adequacy Requirement
for Commercial Banks, which is at a minimum of 9%
OJK and Bank Indonesia have issued capital up to less than 10% from RWA, both for individual and
regulations in line with Basel III, which were effective consolidated levels for Banks with a risk rating of 2
as of 1 January 2016. The Bank is expected to provide (low-moderate). Furthermore, OJK regulations require
an additional 3 (three) capital buffers gradually in the a minimum core capital provision of 6%. The Bank’s
form of primary core capital (CET1) as follows: capital adequacy with reference to OJK regulations
during a 5-year period is described as follows:
%
20.80 21.92 21.61 22.68 21.11 22.19 22.89 24.02 21.11 22.19
Core Capital
KPMM
2020 2021 2022 2023 2024
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The following are the Bank’s CAR components, both individual and consolidated, as of December 2024:
Information Individual (in millions of rupiah) Consolidated (in millions of rupiah)
Tier 1 39,456,887 41,314,707
Common Equity Tier 1 39,456,887 41,314,707
Tier 2 2,054,794 2,112,356
Total Capital 41,511,681 43,427,063
Total RWA 189,884,292 195,718,636
CAR 21.86% 22.19%
Tier 1 to RWA 20.78% 21.11%
Common Equity Tier 1 to RWA 20.78% 21.11%
Tier 2 Ratio 1.08% 1.08%
As part of its capital management, the Bank reviews annual dividend payments on a regular basis to ensure that it has
adequate capital to support business growth targets, capital expenditure, and new business activities. Based on the
resolutions of the General Meeting of Shareholders on 3 April 2024, the shareholders agreed to allocate a portion of
the 2023 net profit for a dividend cash payout of Rp3.084 billion (paid on 3 May 2024). The dividend distribution plan
is prepared by considering and maintaining CAR at an optimal level at all times, in accordance with the regulator’s
minimum requirements, and taking into account the Bank’s future business strategy.
According to POJK regulation No.26/POJK.03/2015, the Bank, as the primary entity of the CIMB Indonesia financial
conglomerate, has reported the requirements for integrated minimum capital for financial conglomerates. As of
December 2024, CIMB Indonesia’s financial conglomerate had an integrated minimum capital reserve ratio of 166%,
which is 66% higher than the minimum requirement set by the POJK provisions.
d. Capital Governance.
Management has a good understanding of capital management, and the Board of Directors and Commissioners
see capital planning as an important element in achieving strategic goals. This is demonstrated by the Bank’s and
its subsidiaries’ performance, which are continuously maintained by monitoring the quality of risk management in
a sustainable manner, conducting regular audits on the adequacy of dividend distribution policies by the Internal
Audit Unit, and demonstrating management’s commitment to the strategies and targets already stated in the Bank
Business Plan (RBB).
e. Quantitative Disclosure
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Table 2.a. CC1 - Capital Composition
Bank Name : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : 31 December 2024
Ref. No. deriving from
Amount
No. Component Consolidated Balance
(in million Rupiah)
Sheet1)
Common Equity Tier 1 (CET 1): Instrument and Additional Paid-in Capital
1 Common share (including stock surplus 8,833,136 E16a; E16b; E16c; E17a; E17d
2 Retained earnings 40,759,561 E21a; E21b; E21c
3 Accumulated other comprehensive income (and other reserves 3,585,007 E18a; E18b; E19a
4 Directly issued capital subject to phase out from CET1 - -
5 Non controlling interest - -
6 Common Equity Tier 1 capital before regulatory adjustment 53,177,703 -
CET 1: Regulatory Adjustment
7 Differences in the fair value financial instruments adjustments in trading book - -
8 Goodwill - -
9 Other intangibles (other than mortgage servicing rights) 2,044,380 A14
10 Deferred tax assets related to future profitability - -
11 Cash-flow hedge reserve - -
12 Shortfall on provisions to expected losses - -
13 Securitisation gain on sale - -
14 Gains and losses due to changes in own credit risk on fair valued liabilities - -
15 Defined-benefit pension fund net assets - -
16 Investments in own shares (if not already netted off in paid in capital on reported - -
financial statement)
17 Cross-holdings in CET 1 instruments in other entities - -
18 Investasi pada modal bank, entitas keuangan dan asuransi diluar cakupan konsolidasi - -
secara ketentuan, net posisi short yang diperkenankan, dimana Bank tidak memiliki
lebih dari 10% modal saham yang diterbitkan (jumlah di atas batasan 10%)
19 Investments in the capital of Banking, financial and insurance entities that are - -
outside the scope of regulatory consolidation, net of eligible short positions, where
the Bank does not own more than 10% of the issued share capital (amount above
10% threshold)
20 Mortgage servicing rights - -
21 Deferred tax assets arising from temporary differences (amount above 10% - -
threshold, net of related tax liability)
22 Amount exceeding the 15% threshold: - -
23 of which: significant investments in the common stock of financial - -
24 mortgage servicing rights - -
25 of which: deferred tax assets arising from temporary differences - -
26 Provisions for non-productive assets - -
26a. Difference between required and booked provisions - -
26b. Provisions for non-productive assets 193,675 -
26c. Deferred tax assets 117,989 A17
26d. Investment in shares - -
26e. Capital deficiency on insurance subsidiaries - -
26f. Securitization exposure - -
26g. Others - -
27 Regulatory adjustments applied to CET 1 due to insufficient Additional Tier 1 and - -
Tier 2 to cover deductions
28 Total regulatory adjustments to Common equity Tier 1 2,356,044 -
29 Common Equity Tier 1 capital (CET1) 50,821,659 -
Additional Tier 1 capital: instruments
30 Directly issued qualifying Additional Tier 1 instruments plus related stock surplus - -
31 of which: classified as equity under applicable accounting standards - -
32 of which: classified as liabilities under applicable accounting standards - -
33 Directly issued capital instruments subject to phase out from Additional Tier 1 - -
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Ref. No. deriving from
Amount
No. Component Consolidated Balance
(in million Rupiah)
Sheet1)
34 Additional tier 1 instruments issued by subsidiaries and held by third parties - -
35 of which: instruments issued by subsidiaries subject to phase out - -
36 Additional Tier 1 capital before regulatory adjustments - -
Additional Tier 1 capital: regulatory adjustments
37 Investments in own Additional Tier 1 instruments - -
38 Reciprocal cross-holdings in Additional Tier 1 instruments - -
39 Investments in the capital of Banking, financial and insurance entities that are outside - -
the scope of regulatory consolidation, net of eligible short positions, where the
Bank does not own more than 10% of the issued common share capital of the entity
(amount above 10% threshold)
40 Significant investments in the capital of Banking, financial and insurance entities that - -
are outside the scope of regulatory consolidation (net of eligible short positions)
41 National specific regulatory adjustments - -
41a. Fund placements on AT1 instrument in other Banks - -
42 Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to - -
cover deductions
43 Total regulatory adjustments to Additional Tier 1 capital - -
44 Additional Tier 1 capital (AT1) - -
45 Tier 1 capital (T1 = CET 1 + AT 1) 50,821,659 -
Tier 2 capital: Instruments and provision
46 Directly issued qualifying Tier 2 instruments plus related stock surplus 13,143 -
47 Directly issued capital instruments subject to phase out from Tier 2 - -
48 Tier 2 instruments issued by subsidiaries and held by third parties - -
49 of which: instruments issued by subsidiaries subject to phase out - -
50 General reserves of PPKA for earning assets that must be calculated at a maximum 2,479,011 -
of 1.25% of RWA for Credit Risk
51 Tier 2 capital before regulatory adjustments 2,492,154 -
Tier 2 Capital: Regulatory Adjustments
52 Investments in own Tier 2 instruments - -
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities - -
54 Investments in other TLAC liabilities of banking, financial, and insurance entities that - -
are outside the scope of regulatory consolidation and, for which the Bank does not own
more than 10% of the issued entity’s common shares: amounts previously designated to
the 5% limit but which are no longer meets the conditions eligible (only for G-SIBs)
Investments in other TLAC liabilities of banking, financial, and insurance entities that - -
are outside the scope of regulatory consolidation and, for which the Bank does not own
more than 10% of the issued entity’s common shares: amounts previously designated to
the 5% limit but which are no longer meets the conditions eligible (only for G-SIBs)
55 Significant investments in the capital and other TLAC liabilities of banking, financial - -
and insurance entities that are outside the scope of regulatory consolidation (net of
eligible short positions)
56 National specific regulatory adjustments - -
56a. Sinking fund - -
56b. Fund placements on other Bank’s Tier 2 instruments - -
57 Total regulatory adjustments to Tier 2 capital - -
58 Tier 2 capital (T2) after regulatory adjustment 2,492,154 -
59 Total Capital (Tier 1 + Tier 2) 53,313,814 -
60 Total risk weighted assets 228,422,975 -
Capital Adequacy Ratios and Capital Buffer
61 Common Equity Tier 1 (as a percentage of risk weighted assets 22.25% -
62 Tier 1 (as a percentage of risk weighted assets) 22.25% -
63 Total capital (as a percentage of risk weighted assets) 23.34% -
64 Institution specific buffer requirement (minimum CET1 requirement plus capital 0.00% -
conservation buffer plus countercyclical buffer requirements plus G-SIB buffer
requirement, expressed as a percentage of risk weighted assets)
65 Capital Conservation Buffer 2.50% -
66 Countercyclical Buffer 0.00% -
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Ref. No. deriving from
Amount
No. Component Consolidated Balance
(in million Rupiah)
Sheet1)
67 higher loss absorbency requirement -
68 For conventional commercial banks: Common Equity Tier (CET 1) available to meet - -
Additional Capital (Buffer) – percentage of RWA
For branch offices of the Bank domiciled overseas: Portion of Business Funds placed
in CEMA (expressed as a percentage of RWA) available to meet the Buffer.
National minimal (if different from Basel 3)
69 National Common Equity Tier 1 minimum ratio (if differet to Basel 3) - -
70 National Tier 1 minimum ratio (if different to Basel 3) - -
71 National total capital minimum ratio (if different to Basel 3) - -
Amounts below the thresholds for deduction (before risk weighting)
72 Non-significant investments in the capital and other TLAC liabilities of other - -
financial entities
73 Significant investments in the common stock of financial entities - -
74 Mortgage servicing rights (net of related tax liability) - -
75 Deferred tax assets arising from temporary differences (net of related tax liability) - -
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to - -
standardised approach (prior to application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach - -
78 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal - -
ratings-based approach (prior to application of cap)
79 Cap for inclusion of provisions in Tier 2 under internal ratings-based approach - -
Capital instruments subject to phase-out arrangements (only applicable between 1 January 2018 and 1 January 2022)
80 Current cap on CET1 instruments subject to phase out arrangements - -
81 Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities) - -
82 Current cap on AT1 instruments subject to phase out arrangements - -
83 Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) - -
84 Current cap on T2 instruments subject to phase out arrangements - -
85 Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) - -
Reference:
A: Assets
E: Equity
L: Liabilities
Reference numbering according to the number of balance sheet items
Table 2.b. CC2 - Capital Reconciliation
Bank Name : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : 31 December 2024
(in million Rupiah)
Consolidated
Balance Sheet with
Published Balance
Consolidation Scope Reference
No. Accounts Sheets
based on Prudential No
Requirements
31 December 2024 31 December 2024
ASSETS
1 Cash 3,650,137 3,650,137
2 Placements with Bank Indonesia 14,839,816 14,839,816
3 Placements with other banks 2,707,505 2,707,505
4 Spot and derivative receivables 1,184,890 1,184,890
5 Securities 82,163,151 82,163,151
6 Securities sold under repurchase agreements (repo) 11,647,610 11,647,610
7 Securities purchased under re-sale agreements (reverse repo) 1,612,832 1,612,832
8 Acceptance receivables 2,761,800 2,761,800
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(in million Rupiah)
Consolidated
Balance Sheet with
Published Balance
Consolidation Scope Reference
No. Accounts Sheets
based on Prudential No
Requirements
31 December 2024 31 December 2024
9 Loans 167,714,065 167,714,065
10 Sharia financing 60,288,930 60,288,930
11 Equity investment 24,214 24,214
12 Other financial assets 4,223,480 4,223,480
13 Allowance for impairment in value of financial assets -/
a. Marketable securities (840) (840)
b. Loans and Sharia financing (10,653,400) (10,653,400)
c. Others (10,904) (10,904)
14 Intangible assets 4,793,792 4,793,792 A14
Accumulated amortization of intangible assets -/- (2,749,412) (2,749,412) A14
15 Fixed assets and inventories 9,412,967 9,412,967
Accumulated depreciation of fixed assets and inventories -/-" (2,609,472) (2,609,472)
16 Non-productive assets
a. Abandoned properties 1,254 1,254
b. Foreclosed collaterals 419,166 419,166
c. Suspended accounts 60,550 60,550
d. Inter-branch assets 568,401 568,401
17 Other assets 8,169,978 8,169,978 A17
TOTAL ASSETS 360,220,510 360,220,510
LIABILITIES AND EQUITY
LIABILITIES
1 Current account 91,788,134 91,788,134
2 Saving accounts 80,279,071 80,279,071
3 Time deposits 88,571,822 88,571,822
4 Electronic money 133,418 133,418
5 Liabilities to Bank Indonesia - -
6 Liabilities to other Banks 5,959,468 5,959,468
7 Spot and derivative liabilities/forward 906,630 906,630
8 Payables on securities sold under repurchase agreements (repo) 11,288,963 11,288,963
9 Acceptances payables 2,761,800 2,761,800
10 Marketable securities issued 1,761,966 1,761,966
11 Borrowings 8,487,935 8,487,935
12 Security deposits 235,497 235,497
13 Inter office liabilities - -
14 Other liabilities 14,849,479 14,849,479
15 Minority interest 197,140 197,140
TOTAL LIABILITIES 307,221,323 307,221,323
EQUITY
16 Share-in Capital
a. Pain in capital 2,900,000 2,900,000 E16a
b. Unpaid Capital -/- (1,287,213) (1,287,213) E16b
c. Treasury stock (5,649) (5,649) E16c
17 Additional Paid-in Capital
a. Agio 7,135,003 7,135,003 E17a
b. Disagio -/- - -
c. Funds for paid-up capital - -
d. Other 90,994 90,994 E17d
18 Other comprehensive income
a. Gains 4,206,724 4,206,724 E18a
b. Losses -/- (1,136,034) (1,136,034) E18b
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(in million Rupiah)
Consolidated
Balance Sheet with
Published Balance
Consolidation Scope Reference
No. Accounts Sheets
based on Prudential No
Requirements
31 December 2024 31 December 2024
19 Reserves - -
a. General reserves 371,525 371,525 E19a
b. Appropriated reserves - -
20 Transaction with non-controlling interest (35,723) (35,723)
21 Gains/losses - -
a. Previous years 37,018,149 37,018,149 E21a
b. Current year 6,825,773 6,825,773 E21b
c. Dividend paid -/- (3,084,362) (3,084,362) E21c
TOTAL EQUITY 52,999,187 52,999,187
TOTAL LIABILITIES AND EQUITY 360,220,510 360,220,510
Table 3.a. CCA - Details of Capital Instrument Features - Shares Category
Bank Name :2 PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position :2 31 December 2024
Quantitative/Qualitative
No. Description
Information
1 Issuer PT Bank CIMB Niaga Tbk
2 Identification Number BNGA
3 Underlying Law Indonesian Law
3a Tools that enabled the required action on chapter 13 of the Term Sheet (For the legitimate TLAC instrument N/A
that ruled by the foreign law)
Instrument treatment based on CAR
4 During the transition period N/A
5 After transition CET 1
6 Is the instrument eligible for Individual/Group or Group and Individual Group and Solo
7 Type of Instrument Common stock
8 Amount in CAR 8,833,136
9 Par value of instrument Class A: Rp5,000 (full
amount) per share
Class B: Rp50 (full amount)
per share
10 Classification based on financial accounting standard Equity
11 Issuance date Effective statement:
- Initial Public Offering:
02/10/1989
- Limited Public Offering I:
26/09/1992
- Limited Public Offering II:
29/10/1996
- Limited Public Offering III:
04/08/1999
- Limited Public Offering IV:
25/08/2005
- Limited Public Offering V:
03/11/2010
12 Without maturity (perpetual) or with maturity Perpetual
13 Maturity date N/A
14 Execution of a call option with approval from Otoritas Jasa Keuangan N/A
15 Date of call option, withdrawal amount and other requirement call option (if any) N/A
16 Subsequent call option N/A
Coupon/dividend
17 Fixed or floating coupon/dividend Floating
18 The coupon rate or other reference index N/A
19 Any dividend stopper No
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Quantitative/Qualitative
No. Description
Information
20 Fully discretionary; partial or mandatory Mandatory
21 Any step up feature or other incentive No
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Non-convertible
24 If convertible, mention the trigger point N/A
25 If convertible, full or partial N/A
26 If convertible, how is the conversion rate N/A
27 If convertible, mandatory or optional N/A
28 If convertible, mention the type of conversion instrument N/A
29 If convertible, mention the issuer of the instrument it converts into N/A
30 Write-down feature No
31 If write-down; mention the trigger N/A
32 f write-down; full or partial N/A
33 If write-down, permanent or temporary N/A
34 If temporary write-down, explain documentation mechanism N/A
34a Subordinated type N/A
35 Instrument hierarchy at the time of liquidation This instrument represents
paid-up capital and is
subordinate to other capital
components.
Available to absorb losses
incurred prior to liquidation
as well as during liquidation.
36 Transition for non-compliant feature No
37 If yes, explain for non-compliant features N/A
Table 3b. CCA - Details of Capital Instrument Features – Subordination Category III
Bank Name : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : 31 December 2024
Quantitative/Qualitative
No. Description
Information
1 Issuer PT Bank CIMB Niaga Tbk
2 Identification Number BNGA03ASB dan
BNGA03BSB
3 Underlying Law Indonesian Law
3a Tools that enabled the required action on chapter 13 of the Term Sheet (For the legitimate TLAC instrument N/A
that ruled by the foreign law)
Instrument treatment based on CAR
4 During the transition period N/A
5 After transition Tier 2
6 Is the instrument eligible for Individual/Group or Group and Individual Group and Solo
7 Type of Instrument Subordinated Loan
8 Amount in CAR 13,143
9 Par value of instrument 75,000
10 Classification based on financial accounting standard Liabilitas - Amortised Cost
11 Issuance date 15/11/2018
12 Without maturity (perpetual) or with maturity With Maturity
13 Maturity date
14 Execution of a call option with approval from Otoritas Jasa Keuangan No
15 Date of call option, withdrawal amount and other requirement call option (if any) N/A
16 Subsequent call option N/A
Coupon/dividend
17 Fixed or floating coupon/dividend Fixed
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Quantitative/Qualitative
No. Description
Information
18 The coupon rate or other reference index Serie A : 9.85%
Serie B : 10.00%
19 Any dividend stopper N/A
20 Fully discretionary; partial or mandatory Mandatory
21 Any step up feature or other incentive No
22 Noncumulative or cumulative Cummulative
23 Convertible or non-convertible Non-convertible
24 If convertible, mention the trigger point N/A
25 If convertible, full or partial N/A
26 If convertible, how is the conversion rate N/A
27 If convertible, mandatory or optional N/A
28 If convertible, mention the type of conversion instrument N/A
29 If convertible, mention the issuer of the instrument it converts into N/A
30 Write-down feature Ya
31 If write-down; mention the trigger In accordance with
the provisions of Part
II number 2 of SEOJK
No.20/2016, conditions
that cause (trigger event
complementary capital (Tier
2) must be written down,
namely in the event that:
1. The main core capital
ratio (Common Equity
Tier 1/CET 1) is lower
or equal to 5.125%
(five point one hundred
twenty five percent) of
risk-weighted assets
(RWA) both individually
and consolidated with
subsidiaries; and/or
2. there is a plan from the
competent authority to
invest in the Company
which is considered
to have the potential
to disrupt its business
continuity; and
3. there is an order from
OJK to write down. The
impact of a Write Down
includes a reduction in
the value of liabilities, or
a partial or full reduction
in yield payments.
32 f write-down; full or partial Full or partial
33 If write-down, permanent or temporary N/A
34 If temporary write-down, explain documentation mechanism N/A
34a Subordinated type N/A
35 Instrument hierarchy at the time of liquidation Subordinated III is pari
passu without preference
with the rights of other
subordinated creditors
but lower than preferred
creditors, creditors who
have special rights, and
concurrent creditors who
are not subordinated
bondholders
36 Transition for non-compliant feature No
37 If yes, explain for non-compliant features N/A
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Table 3.c. CCA - Details of Capital Instrument Features – Sub BLKJ I Category PHASE I
Bank Name : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : 31 December 2024
Quantitative/Qualitative
No. Description
Information
1 Issuer PT Bank CIMB Niaga Tbk
2 Identification Number BNGA01SBCN1
3 Underlying Law Indonesia Law
3a Tools that enabled the required action on chapter 13 of the Term Sheet (For the legitimate TLAC instrument N/A
that ruled by the foreign law)
Instrument treatment based on CAR
4 During the transition period N/A
5 After transition Tier 2
6 Is the instrument eligible for Individual/Group or Group and Individual Group and Solo
7 Type of Instrument Subordinated Loan
8 Amount in CAR
9 Par value of instrument
10 Classification based on financial accounting standard Liabilitas - Amortised Cost
11 Issuance date
12 Without maturity (perpetual) or with maturity With Maturity
13 Maturity date
14 Execution of a call option with approval from Otoritas Jasa Keuangan No
15 Date of call option, withdrawal amount and other requirement call option (if any) N/A
16 Subsequent call option N/A
Coupon/dividend
17 Fixed or floating coupon/dividend Fixed
18 The coupon rate or other reference index
19 Any dividend stopper N/A
20 Fully discretionary; partial or mandatory Mandatory
21 Any step up feature or other incentive No
22 Noncumulative or cumulative Cummulative
23 Convertible or non-convertible Non-convertible
24 If convertible, mention the trigger point N/A
25 If convertible, full or partial N/A
26 If convertible, how is the conversion rate N/A
27 If convertible, mandatory or optional N/A
28 If convertible, mention the type of conversion instrument N/A
29 If convertible, mention the issuer of the instrument it converts into N/A
30 Write-down feature Yes
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Quantitative/Qualitative
No. Description
Information
31 If write-down; full or partial In accordance with the
provisions of Part II number
2 of SEOJK No.20/2016,
conditions that cause
(trigger event)
complementary capital (Tier
2) must be written down,
namely in the event of:
1. Common Equity Tier
1 (CET 1) capital ratio
is lower than or equal
to 5.125% (five point
one hundred twenty
five percent) of risk-
weighted assets (RWA)
both individually and
consolidated with
subsidiaries; and/or
2. there is a plan from the
competent authority to
invest in the Company
which is considered
to have the potential
to disrupt its business
continuity; and
3. there is an order from OJK
to write down. The impact
of a Write Down includes
a reduction in the value
of liabilities, or a partial
or full reduction in yield
payments.
32 If write-down, permanent or temporary Full or partial
33 If temporary write-down, explain documentation mechanism N/A
34 Subordinated type N/A
34a Instrument hierarchy at the time of liquidation N/A
35 Transition for non-compliant feature Subordinated Shelf
Registration I Phase I is pari
passu without preference
with the rights of other
subordinated creditors
but lower than preferred
creditors, creditors who
have special rights, and
concurrent creditors who
are not subordinated
bondholders
36 If yes, explain for non-compliant features No
37 Jika Ya, jelaskan fitur yang non-compliant N/A
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Leverage Ratio
Table 4.a. Quantitative Disclosure – Leverage Ratio
Bank Name : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : 31 December 2024
(in million Rupiah)
No. Description Amount
1 Total Consolidated assets as per published financial statement 371,321,561
2 Adjustment for investments in banking, insurance or commercial entities that are consolidated for accounting purposes but -
outside the scope of regulatory consolidation
3 Adjustment for the value of the underlying group of financial assets that have been transferred in asset securitization that -
meets the sale and balance requirements as regulated in the Financial Services Authority Regulation on the principle of
prudence in asset securitization activities for commercial banks. In the event that the underlying financial assets in question
have been deducted from the total assets in the statement of financial position, the number in this line is 0 (zero)."
4 Adjustment for temporary exemptions of Bank Indonesia reserves (if applicable). -
5 Adjustment for fiduciary assets recognized on balance sheet pursuant to the operative accounting framework but excluded -
from the leverage ratio exposure measure.
6 Adjustments to the purchase or sale value of financial assets on a regular basis using the trading date accounting method (23,547,133)
7 Adjustments to the value of cash pooling transactions that meet the requirements as regulated in these Financial Services -
Authority Regulations
8 Adjustments for derivative transaction exposure. 1,489,822
9 Adjustment for securities financial transactions (ex. Reverse Repo Transactions). 358,647
10 Adjustment for Administrative Account Transaction Exposures (ie. Conversion to credit equivalent amounts of 21,212,583
Administrative Account Transaction Exposures).
11 Adjustment of prudential assessment in the form of capital deduction and Allowance of impairment losses (12,841,681)
12 Other adjustments. -
13 Total Exposure in Leverage Ratio calculation 357,993,800
Table 4.b. Quantitative Disclosure – Leverage Ratio
Bank Name : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : 31 December 2024
(in million Rupiah)
Period
No. Description
December 2024 September 2024
Asset Exposure in Statements of Financial Position
1 On balance sheet items excluding derivatives and SFT's, but including collateral (Gross value before 371,321,561 366,349,628
deducted by Allowance of impairment losses)
2 Re-add value for derivative collateral submitted to the counterparty which results in a decrease in total - -
asset exposure in the balance sheet due to the application of financial accounting standards
3 (Deduction of receivables related to CVM (Cash Variation Margin) provided in derivative transactions) - -
4 (Adjustment for securities received under securities financing transactions that are recognised as an assets) (1,612,832) (1,476,866)
5 (Allowance of impairment losses for these assets is in accordance with financial accounting standards) (10,679,311) (11,772,550)
6 (Asset amount deducted in determining Basel III Tier 1 Capital and Regulatory adjustment) (26,894,392) (28,447,695)
7 Total on balance sheet exposures (excluding derivatives and SFTs) (sum of rows 1 to 6) 332,135,026 324,652,517
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Highlights Report Profile Discussion & Analysis Management
(in million Rupiah)
Period
No. Description
December 2024 September 2024
Derivative Transaction Exposures
8 Replacement cost associated with all derivatives transaction (where applicable net of eligible cash 1,596,098 1,914,973
variation margin and/or with bilateral netting)
9 Add on amounts for PFE associated with all derivatives transactions 1,078,614 1,026,441
10 (Exceptions for exposure of derivative transactions settled through central counterparty transactions - -
(CCP))
11 Adjusted effective notional amount of credit derivatives - -
12 (Adjusted effective notional offsets and add on deductions for written credit derivatives)" - -
13 Total derivatives exposures (sum of rows 8 to 12) 2,674,712 2,941,413
Securities Financing Transaction (SFT) Exposures
14 Gross SFT assets 13,260,443 13,663,411
15 (Net value of cash payables and cash receivables) (11,288,963) (11,975,131)
16 Credit Risk due to failure counterparties in relation to SFT assets which refers to the calculation of - -
current exposure as stipulated in the Appendix to this Regulation of POJK
17 Agent SFT Exposure - -
18 Total SFT Exposure (sum of rows 14 to 17) 1,971,480 1,688,280
Other Off-Balance Sheet Exposures
19 Value of all commitment or contingent liabilities 112,428,723 111,088,876
20 Gross value before deduction of Allowance of impairment losses (91,216,140) (90,739,549)
21 (Adjustments to the commitment or contingent liabilities for the conversion of the value of credit - -
equivalent amounts are then reduced by the allowance for impairment losses)
22 (Allowance of impairment losses of administration account transaction according to financial 21,212,583 20,349,327
Capital and Total Exposure
23 Tier 1 Capital 50,821,659 49,001,975
24 Total exposures (sum of rows 7, 13, 18, 22) 357,993,800 349,631,537
Leverage Ratio
25 Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves) 14.20% 14.02%
25a Leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves) 14.20% 14.02%
26 Minimum Leverage Ratio Value 3.00% 3.00%
27 Applicable Leverage Ratio Buffer N/A N/A
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(in million Rupiah)
Period
No. Description
December 2024 September 2024
Disclosure of Average Values
28 Average value of gross SFT assets, after adjustment for sale accounting transactions and netted of 0.00% 0.00%
amounts of associated cash payables and cash receivables
29 Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and netted of 0.00% 0.00%
amounts of associated cash payables and cash receivables
30 Total Exposure, including the impact of adjustments to the temporary exemption on current account 357,993,800 349,631,537
placements with Bank Indonesia in order to comply with the statutory reserve requirement (if any), which
includes the average value of the gross carrying value of SFT assets as referred to in line 28
30a Total exposures (excluding the impact of any applicable temporary exemption of central Bank reserves) 357,993,800 349,631,537
incorporating average values from row 28 of gross SFT assets (after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and cash receivables)
31 Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves) 14.20% 14.02%
incorporating average value from row 28 of gross SFT assets (after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and cash receivables)
31a Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves) 14.20% 14.02%
incorporating average value from row 28 of gross SFT assets (after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and cash receivables)
Qualitative Analysis
Leverage Ratio:
CIMB Niaga’s consolidated leverage ratio as of Dec 2024 was 14.20%, an increase of 0.18% from Sept 2024 position of 14.02%. This increase
was due to an increase in core capital of Rp1.8 trillion despite an increase in total exposure of Rp8.4 trillion.
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Credit Risks
DISCLOSURE OF CREDIT RISK EXPOSURE AND GOVERNANCE
IMPLEMENTATION OF RISK MANAGEMENT CiMB Niaga maintains credit risk management units
Credit risk represents the risk of loss due to the failure at all levels, in order to build and maintain the Bank’s
of debtors and/or other parties to repay their liabilities at credit activities are in accordance with prudent banking
maturity. Risks associated with credit/financing include principles, applicable regulations, and the Bank’s appetite.
debtor failure, concentrated provision of funds (credit/ There are 3 (three) lines of defense against credit risk
financing concentration risk), counterparty credit risk, with the first line is made up of related business units.
settlement risk, and risks due to country risk. The second line is made up of credit units (transactional
scope) and risk management units (portfolio scope). The
Indonesia’s economic conditions in 2024 tend to be third line is made up of internal audit.
stable, but they must be closely monitored due to several
factors, including geopolitical conflicts in the Middle East, The Board of Commissioners and Directors actively
general elections, and various fiscal policy adjustments monitors and periodically evaluates the implementation
that lead to economic uncertainty, potentially affecting of credit risk management. To support this, the Bank
financial conditions and debtors’ ability to make payments has established an executive committee on the Board of
to the Bank. Under such circumstances, the mitigating Commissioners and the Directors levels.
measures taken by the Bank include forward looking • The Risk Oversight Committee (ROC) assists the Board
credit risk, as follows: of Commissioners in collaboration with the Audit
a. Perform good and targeted monitoring of overall Committee and the Nomination and Remuneration
portfolio quality to ensure the quality of new debtors, Committee.
stable portfolio performance, and ensure timely • At the Board of Directors level, the Bank’s risk
intervention as necessary. management and control, including credit risk, are the
b. Strengthen the early warning systems as a preventive responsibility of Risk Management Committee (RMC)
effort to identify potentially problematic debtors, and Credit Policy Committee (CPC), which spesifically
strengthen collections, and undertake rescue efforts discuss, review, and approve credit policies. Both
through restructuring of debtors in accordance with executive committees are chaired directly by The
applicable policies. President Director.
c. Conduct thematic portfolio reviews and stress tests on • At the transactional level, the Bank delegated credit
debtors who may potentially impacted by fluctuating approval authority to the Executive Credit Committee
macroeconomic conditions. (ECC) and a Joint Delegated Authority (JDA) or
d. Implement strict monitoring of affected debtors Single Limit Holder. This credit committee consists
by including them on the Watch List, supported of Directors and Senior Management, with certain
by improvement to risk infrastructure to automate authority limits that are regulated according to the
monitoring processes for determined action plans. Bank’s appetite.
e. Manage the impact on credit reserves, including using • In terms of credit quality supervision, the Bank has an
loss forecasts as input to management and business Asset Quality Committee (AQC), which is responsible
units. for providing approval for the classification/severity
f. Maintain the quality of credit provided by managing level of debtors and direction for handling or resolving
the portfolio based on industry and develop Risk non-performing loans.
Acceptance Criteria (RAC) as a guide for the credit
provided. The Risk Management Director is responsible for risk
g. Provide structured credit training to Business Units management at both transactional and portfolio level,
and Credit Units to ensure sufficient knowledge of the including the management/administration of credit
credit process. policies and risk exposure limits.
In managing risk, the Risk Management Director
supervises the Credit Approver Unit, which manages risk
at the transactional level for commercial and corporate
segments, as well as the Risk Management Unit (RMU),
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which manages credit risk on a portfolio basis. In addition, process, as well as ensuring compliance with internal
RMU is responsible for facilitating the active monitoring and external regulations has been fulfilled and also
function of the Board of Commissioners and Directors on proper and comprehensive monitoring of debtors has
credit risk through the following: been made available. This unit consistently provides
1. Coordinating risk management strategy, policy, recommendations for enhancing the credit process to
appetite, and limits for credit risk. ensure improvements are carried out thoroughly.
2. Monitoring implementation strategies, policies, 7. Non-Performing Loan Resolution is assigned to
appetites, and limits on credit risks. perform the necessary process to manage non-
3. Development and refinement of Credit Risk performing loans for the non-retail segment, such as
Management Framework related to credit risks. collection, restructuring, and litigation efforts.
4. Credit model development and validation.
5. Reviewing approved credit proposals. POLICIES, PROCEDURES, AND
ESTABLISHMENT OF LIMITS
In addition to RMU, below is a list of other organizational CIMB Niaga established credit policies as guidelines
units or processes that manage credit risk in their for the credit process for both conventional and sharia
respective lines: schemes through the Commercial Credit Principle Policy
1. Business units, both retail and non-retail, prepare and the Commercial Sharia Financing Principle Policy. The
loan application by including a feasibility analysis of implementation of these policies is elaborated further in
the prospective debtor. the Commercial Credit Policy and the Commercial Sharia
2. For retail loans (consumer), the analysis/review, Financing Policy, as well as in various more detailed
approval, and bookkeeping processes are carried procedures as a guideline for the Bank in approving
out by the Consumer Credit Underwriting unit, while loans, thus it will comply with the prudential principles at
non-performing loans are handled by the Consumer all times. The Non-Retail Credit Policy Unit collaborates
Collection and Recovery unit. This unit is under the with business units and other stakeholders to conduct
Consumer Banking Directorate, but in carrying out periodic reviews of credit policies and procedures.
its functions, the unit is restricted by the policies, risk
strategies, and credit models determined by the RMU The Bank sets limits to make sure that credit risk
unit. exposures are in line with its risk appetite. These limits
3. For non-retail loans, the process of analysis is include credit decision-making authority limits that are
performed by each Business Unit and reviewed by the based on decision-making competencies and risk levels.
Credit Unit (Credit Approver), and approval is obtained
from the credit decision maker. Furthermore, the In addition, the Bank also has policies and methodologies
Credit Administration Unit handles the loan booking to monitor and manage credit risk portfolios, including
process. credit concentration risk, through the House Limit
4. Credit Approvers can be in the form of a Committee, framework, Sector Appetite (Growth, Neutral, and
Joint Delegated Authority (JDA), or Single Limit Cautious), Global Country Limit, Risk Posture, and
Holder whose members are either Directors and/or Exposure Limit Review (ELR), which are carried out
Senior Management and/or other Bank Officials that regularly and periodically.
are appointed and responsible for providing credit
approval decisions based on the specified authority RISK MANAGEMENT PROCESS
limits, risk level, as well as the competence of the 1. Credit Risk Measurement
Credit Decision Maker. In the Bank’s business activities, credit risk is assessed
Decision-making is properly conducted by considering based on creditworthiness or the quality of customer
the prudent principle, the Bank’s risk appetite, as well assets. The measures currently adopted by the Bank
as efforts to avoid conflicts of interest. in determining creditworthiness are as follows:
5. Credit Administration Unit is responsible for a. The debtor’s payment timeliness status
administering loan facilities after obtaining approval (delinquency) is one of the considerations in
from the Credit approver and binding agreement determining collectability status;
is completed with the support from Legal Unit. b. Watch List Accounts are classified based on
Credit Administration Unit must ensure that credit the debtor’s severity level before the debtor is
documents have met all the requirements. categorized as Impaired Accounts.
6. Credit Assurance Testing Unit, which includes c. Internal ratings/scorings: currently the Bank
nonretail loans, is assigned with reviewing and has implemented ICRES (Internal Credit Rating
providing reports on new and existing customers based System) system for internal rating models for
on risk-based sampling regarding the feasibility of the non-retail customers and the CRDE (Centralized
loan initiation, analysis, approval, and bookkeeping Retail Decision Engine) system for internal model
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
scoring implementation for retail customers, 2. At Portfolio Level
as an effort to improve the quality of the risk a. Risk Appetite Statement
measurement process for both new and existing Monitoring, which is the monitoring of major
customers. credit risk indicators bankwide in order to
ensure compliance with the appetite that has
Further, creditworthiness and the quality of credit risk been established and reported on a monthly
mitigation will serve as the basis for determining the basis to ROC.
adequacy of the amount of credit reserves/provisions. b. Risk Profile, which is a general description of
Credit risk will be realized into losses (credit loss) if a risk conditions based on indicators determined
non-performing loan cannot be recovered, resulting in by the regulator (inherent and Quality of Risk
a write-off, either fully or partially. Management Implementation).
c. Risk Report, which is a report containing
2. Credit Risk Monitoring and Control the results of monitoring and analysis of
1. At Transaction Level credit portfolios, which includes (i) a general
a. Annual Review, which is a mechanism for description of the composition, level of
reviewing each credit facility periodically, concentration, and quality of assets/loan
at least once a year, to identify whether the portfolios, (ii) movement trends, and (iii)
debtor’s creditworthiness still remains similar areas that require attention from the Board
to the condition when the credit was granted. of Directors. Risk Reports are reported every
b. Early Warning & Review Checklist (EWRC), month to RMC and every quarter to ROC in
which is an identification of a debtor’s potential order to facilitate the credit risk management
credit risk based on several parameters, function by the Board of Directors and
including business prospects, financial supervision of risk management by the Board
condition, and other factors that may affect the of Commissioners.
debtor’s repayment ability. The combination of d. The Portfolio Quality Review (PQR) is a
assessing the risk level of all parameters will monthly report that analyzes portfolio credit
determine the debtor’s asset quality status, risk by business segment. It identifies portfolio
such as non-watch list or watch list. growth and formulate action plans for
c. Sector Appetite (Cautious), which affects maintaining/improving asset quality by related
business processes by requiring all credit business units.
proposals for sectors with Cautious appetite to e. House Limit Monitoring, Sector Limit
obtain approval one level above the applicable Monitoring, Global Country Limit Monitoring,
JDA with minimum approval at JDA level A. and Risk Posture Tracking, which have been
d. Sector Risk Acceptance Criteria (RAC), which disclosed in the previous section, in order
is the criteria adopted as a pre-screening to monitor the conformity conditions and
tool in selecting debtors in certain sectors movements of the credit portfolio to the pre-
according to risk appetite. determined limits.
e. Thematic Review, which is a thematic review f. Asset Quality and Provision Forecast, in
process of debtors who are exposed to a order to forecast the level and magnitude of
thematic risk, in this case the volatility of asset quality and credit provisions based on
macroeconomic indicators. historical data.
g. Credit Risk Stress Tests are conducted at least
The method of Bank control over the results of 2 (two) times a year to estimate credit risk
the transactional monitoring mechanism above exposure and the potential deterioration in
may take the following form: (i) adjustments to credit quality under various stress conditions
account planning and credit requirements, (ii) or scenarios. In 2024, the Bank conducted
early restructuring proposals, (iii) specific follow- several thematic stress tests to anticipate
up requests to debtors, and/or (iv) adjustments to the impact of fluctuating macroeconomic
the required amount of loan provision. conditions on the Bank’s credit risk profile.
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In general, the objective of various credit portfolio DEFINITION OF CREDIT IMPAIRMENT
monitoring methods mentioned above is to identify Credit impairment represent all credits that are overdue
early signs of deterioration so that necessary for more than 90 (ninety) days, both for principal and/
credit risk control measures can be taken, such as or interest payments. Credits that are impaired are
adjusting strategy, policy, appetite, or credit risk determined based on a financial asset or group of
exposure limits, as well as ensuring the adequacy financial assets if and only if there is objective evidence
of Bank reserves and capital to control credit risk. of impairment as a result of one or more events that
occur after the asset’s initial recognition (loss event),
In terms of reporting, CIMB Niaga has developed which impact on estimates of future cash flows for
the latest Business Intelligence (BI) tools to financial assets or groups of financial assets with reliable
facilitate management to receive high-level estimation.
and detailed information related to credit risk
indicators in a more effective and efficient Performing assets are those that are both current and
risk reporting and monitoring process so that special mentions. Furthermore, non-performing assets
decisions and risk management strategies can be are those that are substandard, doubtful, or bad. The
determined earlier. Bank has a separate policy for commercial and retail
credit to define the criteria for performing and non-
INTERNAL CONTROL performing loans. Aside from that, the Bank also performs
CIMB Niaga maintains an internal control system for restructuring of non-performing loans for debtors that
credit risk management that includes regular supervision still posses business prospects, the ability to pay, and the
by the Board of Commissioners and Directors and also willingness to cooperate.
control culture that involves all business lines. The Bank
maintains a system for identifying and assessing credit The criteria adopted by CIMB Niaga to determine objective
risk, as well as control activities with clear segregation of evidence of impairment include the following:
duties in managing risk. a. Significant financial difficulties experienced by the
issuer or borrower.
Credit risk exposure is monitored on a regular basis, b. The occurrence of defaults or delinquencies in
and corrective actions are taken promptly to ensure that principal or interest payments.
credit risk remains within the Bank’s risk tolerance limits. c. Observable data that indicates a measurable
If there is a deviation, the Bank takes the necessary steps decrease in the estimated future cash flows of a
to recover the risk to normal conditions through a process group of financial assets since the initial recognition
involving senior management or the relevant executive of the asset, even though the decrease cannot yet
committee, depending on the scale of the deviation. be identified individually within the assets group,
including worsening of the payment status of
RMU and IA review the credit risk control system in borrowers in the Group.
accordance with the applicable Risk Management Policy. d. Loss of an active market for a financial asset due to
Regular internal checks is also carried out by Internal financial difficulties.
Audit and followed up by related units. Furthermore, to
improve the risk control process, the Bank established APPROACH FOR IMPAIRMENT PROVISION
an anti-fraud unit, which, among other things, aims The provision for impairment losses is calculated based
to increase risk awareness of the risks to the Bank’s on the financial accounting standard IFAS 71 “Financial
business processes. Instrument” by using the term Expected Credit Loss
(ECL).
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Highlights Report Profile Discussion & Analysis Management
The following method calculates ECL based on IFAS 71:
Stage 1 Stage 2 Stage 3
• For financial assets that have • For financial assets that have • For impaired/defaulted financial
not had a significant increase had a Significant Increase assets (assets that are at least
in credit risk (SICR) since initial Credit Risk (SICR) since initial 90 days past due on principal
recognition or that have low recognition but do not yet and/or interest or have a specific
credit risk at the reporting date. have objective evidence of rating).
• ECL calculation is carried out impairment • ECL calculation is performed
using collective assessment on • the ECL calculation is carried over the life of the asset
a 12-month basis. out over the life of the asset using individual assessment
using a collective assessment. (for material exposures) or
using collective assessment
(for exposures that are not
calculated using individual
assessment).
The ECL calculation/measurement method is as follows::
1 2
Individual Assessment: Collective Assessment: calculated based on Probability of Default (PD), Loss
is calculated based on the Given Default (LGD), and Exposure at Default (EAD).
present value of future cash flows • PD is calibrated to a period of 12 months from the reporting date (stage 1) or
expected to be received and the over the life (stages 2 and 3) and incorporates the impact of future economic
present value of the liquidation assumptions that involve credit risk.
value of the collateral minus • LGD is estimated based on historical data of cure rates and takes into account
selling costs. recoveries derived from collateral against financial assets including haircuts
taking into account future economic assumptions.
• EAD incorporates the impact of committed facility drawdowns, principal
and interest payments, amortization and accelerated repayment, together
with the impact of future economic assumptions where relevant. EAD
is determined by several factors including the lending limit and credit
conversion factor (CCF).
The ECL calculation/measurement methodology in IFAS 71 has not been applied to sharia-based transactions. This is
emphasized by ISAK (Interpretation of Financial Accounting Standards) 102, which stated that entities are not allowed
to change their current impairment accounting policy (specifically murabahah receivables), including the prohibition
on applying the impairment methodology outlined in IFAS 71, which uses expected loss, until the issuance of IFAS that
governs the impairment on assets originating from sharia-based transactions.
302 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Report Governance Responsibilities Corporate Data Statement
QUANTITATIVE DISCLOSURE OF CREDIT RISKS
Table 5.a. Disclosure of Credit Quality on Assets (CR1)
i. Bank Only (in million Rupiah)
Posted Gross Value Provisions Provisions
Net Value
Past Due Non-past Due Provisions Stage 2 and (IRB
Stage 1 (a+b-c)
Receivables Receivables Stage 3 Approach)
a b c d e f g
1 Loans 3,895,876 214,804,919 10,451,126 8,807,379 1,643,747 208,249,669
2 Securities - 93,335,185 840 - 840 93,334,345
3 Administrative 163,362 112,265,361 181,050 111,718 69,332 112,247,673
Account
Transactions
4 Total 4,059,238 420,405,465 10,633,016 8,919,097 1,713,919 413,831,687
ii. Bank Consolidated with Subsidiaries (in million Rupiah)
Posted Gross Value Provisions Provisions
Net Value
Past Due Non-past Due Provisions Stage 2 and (IRB
Stage 1 (a+b-c)
Receivables Receivables Stage 3 Approach)
a b c d e f g
1 Loans 3,994,746 224,008,249 10,653,400 8,873,561 1,779,839 217,349,595
2 Securities - 93,810,761 840 - 840 93,809,921
3 Administrative 163,362 112,265,361 181,050 111,718 69,332 112,247,673
Account
Transactions
4 Total 4,158,108 430,084,371 10,835,290 8,985,279 1,850,011 423,407,189
Table 5.b. Disclosure of Past Due Loans and Securities Movement (CR2)
i. Bank Only (in million Rupiah)
a
1 Loans and Securities that have matured in the previous reporting period 4,092,303
2 Loans and Securities that have matured since the previous reporting period 3,486,307
3 Loans and Securities becoming receivables that have not matured (1,808,290)
4 Write-Off Value (1,729,534)
5 Other changes (144,910)
6 Loans and Securities that have Matured at the end of the reporting period (1+2+3+4+5) 3,895,876
ii. Bank Consolidated with Subsidiaries (in million Rupiah)
a
1 Loans and Securities that have matured in the previous reporting period 4,172,551
2 Loans and Securities that have matured since the previous reporting period 3,861,780
3 Loans and Securities becoming receivables that have not matured (1,814,983)
4 Write-Off Value (2,030,743)
5 Other changes (193,859)
6 Loans and Securities that have Matured at the end of the reporting period (1+2+3+4+5) 3,994,746
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Table 5.c. Additional Disclosure relating to Loan Quality on Asset (CRB)
a) Disclosure of Net Claims Based on Region
i. Bank Only
31 December 2024
Net Receivables Based on Region
No. Portfolio Category
Jabodetabek West Java Central Java East Java Sumatra
a b c d e f g
1 Claims on Government 80,394,644 - - - -
2 Claims on Public Sector Entities 6,515,130 931,886 - 1,188,398 1,715,090
3 Claims on Multilateral Development Banks and International - - - - -
Institutions
4 Claims on Banks 7,746,839 130,964 127,696 129,692 1,181,441
5 Claims in Covered Bonds - - - - -
6 Claims on Securities Companies and Other Financial 13,723,102 - - - 107,306
Service Institutions
7 Claims in Subordinated Securities, Equity, and Other Capital 23,373 - - - -
Instruments
8 Loans Secured by Residential Properties 27,989,589 3,392,238 1,922,329 4,796,021 5,510,342
9 Loans Secured by Commercial Properties 13,468,145 3,434,939 2,614,813 3,070,081 4,916,440
10 Land Acquisition, Land Processing, and/or Construction Loans - - - - -
11 Employee/Retiree Loans - - - - -
12 Claims on Micro, Small Business, and Retail Portfolio 21,950,569 2,035,012 2,018,942 2,838,418 2,974,078
13 Claims on Corporations 67,625,607 6,041,972 5,053,342 7,666,053 10,333,972
14 Past Due Loans 1,014,443 161,871 143,286 225,641 289,146
15 Other Assets 14,065,110 722,415 1,038,377 548,075 478,333
Total 254,516,551 16,851,297 12,918,784 20,462,378 27,506,148
ii. Bank Consolidated with Subsidiaries
31 December 2024
Net Receivables Based on Region
No. Portfolio Category
Jabodetabek West Java Central Java East Java Sumatra
a b c d e f g
1 Claims on Government 80,870,220 - - - -
2 Claims on Public Sector Entities 6,515,130 931,886 - 1,188,398 1,715,090
3 Claims on Multilateral Development Banks and International - - - - -
Institutions
4 Claims on Banks 7,808,252 130,964 127,696 129,692 1,181,441
5 Claims in Covered Bonds - - - - -
6 Claims on Securities Companies and Other Financial 13,723,102 - - - 107,306
Service Institutions
7 Claims in Subordinated Securities, Equity, and Other Capital 23,373 - - - -
Instruments
8 Loans Secured by Residential Properties 27,989,589 3,392,238 1,922,329 4,796,021 5,510,342
9 Loans Secured by Commercial Properties 13,468,145 3,434,939 2,614,813 3,070,081 4,916,440
10 Land Acquisition, Land Processing, and/or Construction Loans - - - - -
11 Employee/Retiree Loans - - - - -
12 Claims on Micro, Small Business, and Retail Portfolio 25,353,999 3,086,031 2,716,750 3,434,192 4,280,425
13 Claims on Corporations 67,823,382 6,082,475 5,060,358 7,675,481 10,344,957
14 Past Due Loans 1,034,040 176,882 149,293 235,329 298,476
15 Other Assets 14,976,852 722,415 1,038,377 548,075 478,333
Total 259,586,084 17,957,830 13,629,615 21,077,267 28,832,809
304 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
31 December 2023
Net Receivables Based on Region
East
East Indonesia Total Jabodetabek West Java Central Java East Java Sumatra Total
Indonesia
h i j k l m n o p
- 80,394,644 79,685,050 - - - - - 79,685,050
- 10,350,504 7,539,848 2,962,872 123,946 71,236 1,846,687 - 12,544,588
- - - - - - - - -
1,290,146 10,606,776 6,760,996 111,076 217,264 111,269 1,061,506 1,197,139 9,459,250
- - - - - - - - -
- 13,830,407 11,240,224 - 44,865 - 169,164 - 11,454,252
- 23,373 3,659 - - - - - 3,659
2,437,458 46,047,978 28,502,168 3,541,766 1,887,329 4,746,913 5,219,985 2,459,513 46,357,674
3,462,163 30,966,581 13,250,902 2,831,874 2,327,885 3,197,159 4,246,747 3,774,184 29,628,752
- - - - - - - - -
- - - - - - - - -
2,852,615 34,669,633 19,732,494 1,680,108 1,826,340 2,414,475 2,760,908 2,911,499 31,325,824
6,834,182 103,555,129 56,163,416 5,802,301 4,861,101 7,093,737 9,041,265 6,773,072 89,734,891
177,677 2,012,064 902,039 158,679 143,712 207,250 224,705 172,940 1,809,325
602,410 17,454,720 13,616,521 794,037 743,388 571,173 458,827 595,137 16,779,084
17,656,651 349,911,809 237,397,315 17,882,714 12,175,829 18,413,211 25,029,794 17,883,484 328,782,347
(in million Rupiah)
31 December 2023
Net Receivables Based on Region
East
East Indonesia Total Jabodetabek West Java Central Java East Java Sumatra Total
Indonesia
h i j k l m n o p
- 80,870,220 79,685,050 - - - - - 79,685,050
- 10,350,504 7,539,848 2,962,872 123,946 71,236 1,846,687 - 12,544,588
- - - - - - - - -
1,290,146 10,668,190 6,961,358 111,076 217,264 111,269 1,061,506 1,197,139 9,659,612
- - - - - - - - -
- 13,830,407 11,240,224 - 44,865 - 169,164 - 11,454,252
- 23,373 3,659 - - - - - 3,659
2,437,458 46,047,978 28,502,168 3,541,766 1,887,329 4,746,913 5,219,985 2,459,513 46,357,674
3,462,163 30,966,581 13,250,902 2,831,874 2,327,885 3,197,159 4,246,747 3,774,184 29,628,752
- - - - - - - - -
- - - - - - - - -
4,620,674 43,492,070 22,222,380 2,508,784 2,334,810 2,883,131 3,596,647 4,003,366 37,549,118
6,872,595 103,859,248 56,315,168 5,831,886 4,864,974 7,100,839 9,047,858 6,794,733 89,955,458
181,810 2,075,829 914,858 169,718 149,474 212,154 232,176 176,878 1,855,258
602,410 18,366,462 14,265,286 794,037 743,388 571,173 458,827 595,137 17,427,848
19,467,255 360,550,861 240,900,899 18,752,014 12,693,935 18,893,873 25,879,597 19,000,950 336,121,269
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Table 5.d. Additional Disclosure relating to Loan Quality on Asset (CRB)
b) Disclosure of Net Claims Based on Economic Sector
i. Bank Only
Receivables Receivables
From From
Receivables Receivables Multilateral Receivables Receivables Securities
No. Economic Sector From From Public Development From Public From Covered Companies and
Government Sector Entities Banks and Sector Entities Bonds Other Financial
International Service
Institutions Institutions
a b c d e f g h
Position as of 31 December 2024
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - - - - - -
3 Manufacturing - 1,787,304 - - - -
4 Electricity, Gas, Steam/Hot and Cold - 5,255,476 - - - -
Water
5 Water Management, Waste Water - - - - - -
Management, Waste Management
and Recycling
6 Construction - 1,865,770 - - - -
7 Wholesale and Retail Trading; Car - - - - - -
and Motorcycle Reparation and
Maintenance
8 Transport and Warehouse - 332,980 - - - -
9 Accommodation and Supply of Food - - - - - -
and Beverages
10 Information and Communication - 43,483 - - - -
11 Finance and Insurance Activities 973,484 70,095 - 3,190,421 - 9,582,772
12 Real Estate - - - - - -
13 Professional, Scientific, and Technical - - - - - -
Activities
14 Rental and Leasing Activities without - - - - - -
Option Rights, Employment, Travel
Agencies, and Other Business
Support
15 Government Administration, Defence, - - - - - -
and Mandatory Social Security
16 Education - - - - - -
17 Human Health Activities and Social - - - - - -
Activities
18 Arts, Entertainment, and Recreation - - - - - -
19 Other Service Activities - - - - - -
20 Household Activities as Employer; - - - - - -
Activities that Produce Goods and
Services by Households that are
Used to Meet Own Needs
21 Activities of International Agencies - - - - - -
and Other Extra International
Agencies
22 Households - - - - - -
23 Non-Business Activities - - - 115 - 3,567
24 Others 79,421,159 995,396 - 7,416,240 - 4,244,068
Total 80,394,644 10,350,504 - 10,606,776 - 13,830,407
306 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Receivables
Acquisition, Receivables
From
Loans Land From Micro,
Subordinated Loans Secured Receivables
Secured by Processing Employee/ Small Past Due
Securities, by Residential From Other Assets
Commercial and/or Retiree Loans Business, Loans
Equity, and Properties Corporations
Properties Construction and Retail
Other Capital
Loans Portfolio
Instruments
i j k l m n o p q
- 87,382 1,932,494 - - 1,289,523 11,442,058 22,311 -
- 8,893 22,252 - - 125,078 9,169,756 - -
- 1,474,003 6,825,825 - - 1,526,949 31,000,049 152,637 -
- 6,029 5,619 - - 12,813 155,936 - -
- 43,307 24,368 - - 1,504 31,238 10,320 -
- 508,060 637,692 - - 283,172 3,761,268 23,204 -
- 4,441,265 10,349,543 - - 3,328,860 14,918,487 474,693 -
- 354,575 1,288,350 - - 207,749 2,560,204 27,841 -
- 101,624 1,554,651 - - 93,297 1,290,821 52,961 -
- 264,658 448,207 - - 89,039 9,160,237 8,821 -
- - - - - 823,845 84,216 223 -
- 404,848 3,439,517 - - 135,318 5,049,546 123,569 -
- 340,497 558,668 - - 173,780 959,924 13,519 -
- 97,418 391,515 - - 93,368 1,685,106 933 -
- - - - - - - - -
- 70,887 73,039 - - 16,372 - - -
- 57,180 298,116 - - 38,446 1,251,725 - -
- - - - - - - - -
- 56,736 36,542 - - 29,191 107,267 4,035 -
- 15,646 5,957 - - 876 - 1,501 -
- - - - - - - - -
- 37,714,840 3,074,226 - - 14,693,767 11,016 996,054 -
- 130 - - - 11,404,703 94,622 99,440 -
23,373 - - - - 301,982 10,821,653 - 17,454,720
23,373 46,047,978 30,966,581 - - 34,669,633 103,555,129 2,012,064 17,454,720
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Receivables Receivables
From From
Receivables Receivables Multilateral Receivables Receivables Securities
No. Economic Sector From From Public Development From Public From Covered Companies and
Government Sector Entities Banks and Sector Entities Bonds Other Financial
International Service
Institutions Institutions
a b c d e f g h
Position as of 31 December 2023
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - 123,946 - - - -
3 Manufacturing - 523,376 - - - -
4 Electricity, Gas, Steam/Hot and Cold - 5,590,451 - - - -
Water
5 Water Management, Waste Water - - - - - -
Management, Waste Management
and Recycling
6 Construction - 2,820,140 - - - -
7 Wholesale and Retail Trading; Car - - - - - -
and Motorcycle Reparation and
Maintenance
8 Transport and Warehouse - 2,510,732 - - - -
9 Accommodation and Supply of Food - - - - - -
and Beverages
10 Information and Communication - 111,075 - - - -
11 Finance and Insurance Activities 934,389 - - 2,920,105 - 7,153,786
12 Real Estate - - - - - -
13 Professional, Scientific, and Technical - - - - - -
Activities
14 Rental and Leasing Activities without - - - - - -
Option Rights, Employment, Travel
Agencies, and Other Business
Support
15 Government Administration, Defence, - - - - - -
and Mandatory Social Security
16 Education - - - - - -
17 Human Health Activities and Social - - - - - -
Activities
18 Arts, Entertainment, and Recreation - - - - - -
19 Other Service Activities - - - - - -
20 Household Activities as Employer; - - - - - -
Activities that Produce Goods and
Services by Households that are
Used to Meet Own Needs
21 Activities of International Agencies - - - - - -
and Other Extra International
Agencies
22 Households - - - - - -
23 Non-Business Activities - 8 - 379 - 3,674
24 Others 78,750,661 864,861 - 6,538,766 - 4,296,792
Total 79,685,050 12,544,588 - 9,459,250 - 11,454,252
308 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Receivables
Acquisition, Receivables
From
Loans Land From Micro,
Subordinated Loans Secured Receivables
Secured by Processing Employee/ Small Past Due
Securities, by Residential From Other Assets
Commercial and/or Retiree Loans Business, Loans
Equity, and Properties Corporations
Properties Construction and Retail
Other Capital
Loans Portfolio
Instruments
i j k l m n o p q
- 84,977 1,144,243 - - 1,788,994 9,253,372 65,993 -
- 350 502,662 - - 124,024 3,981,933 - -
- 1,457,674 6,664,754 - - 1,124,828 28,060,741 198,572 -
- 4,955 17,634 - - 1,309 337,961 - -
- 45,675 24,359 - - 7,900 26,880 10,900 -
- 455,215 532,683 - - 186,479 4,116,209 36,314 -
- 4,442,277 9,731,628 - - 2,010,738 14,408,382 465,795 -
- 311,992 940,183 - - 114,246 1,191,873 12,536 -
- 107,304 1,449,730 - - 55,844 1,640,930 17,961 -
- 218,203 1,312,580 - - 44,812 9,155,579 - -
- - 2,477 - - 799,294 195,233 3,504 -
- 42,646 2,625,909 - - 108,882 5,007,396 158,682 -
- 358,928 530,716 - - 145,920 1,965,622 23,614 -
- 70,360 392,684 - - 59,867 1,819,899 1,370 -
- - - - - - - - -
- 3,451 31,480 - - 15,232 - - -
- 60,721 530,031 - - 25,830 73,378 - -
- - - - - - - - -
- 72,599 136,754 - - 16,659 9,485 4,704 -
- 14,057 20,078 - - 2,506 - - -
- - - - - - - - -
- 38,606,168 3,038,169 - - 13,405,895 3,969 750,564 -
- 120 - - - 10,977,024 79,088 58,816 -
3,659 - - - - 309,543 8,406,960 - 16,779,084
3,659 46,357,674 29,628,752 - - 31,325,824 89,734,891 1,809,325 16,779,084
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
ii. Bank Consolidated with Subsidiaries
Receivables Receivables
From From
Receivables Receivables Multilateral Receivables Receivables Securities
No. Economic Sector From From Public Development From Public From Covered Companies and
Government Sector Entities Banks and Sector Entities Bonds Other Financial
International Service
Institutions Institutions
a b c d e f g h
Position as of 31 December 2024
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - - - - - -
3 Manufacturing - 1,787,304 - - - -
4 Electricity, Gas, Steam/Hot and Cold - 5,255,476 - - - -
Water
5 Water Management, Waste Water - - - - - -
Management, Waste Management
and Recycling
6 Construction - 1,865,770 - - - -
7 Wholesale and Retail Trading; Car - - - - - -
and Motorcycle Reparation and
Maintenance
8 Transport and Warehouse - 332,980 - - - -
9 Accommodation and Supply of Food - - - - - -
and Beverages
10 Information and Communication - 43,483 - - - -
11 Finance and Insurance Activities 973,484 70,095 - 3,190,421 - 9,582,772
12 Real Estate - - - - - -
13 Professional, Scientific, and Technical - - - - - -
Activities
14 Rental and Leasing Activities without - - - - - -
Option Rights, Employment, Travel
Agencies, and Other Business
Support
15 Government Administration, Defence, - - - - - -
and Mandatory Social Security
16 Education - - - - - -
17 Human Health Activities and Social - - - - - -
Activities
18 Arts, Entertainment, and Recreation - - - - - -
19 Other Service Activities - - - - - -
20 Household Activities as Employer; - - - - - -
Activities that Produce Goods and
Services by Households that are
Used to Meet Own Needs
21 Activities of International Agencies - - - - - -
and Other Extra International
Agencies
22 Households - - - - - -
23 Non-Business Activities - - - 115 - 3,567
24 Others 79,896,735 995,396 - 7,477,654 - 4,244,068
Total 80,870,220 10,350,504 - 10,668,190 - 13,830,407
310 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 309
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Receivables
Acquisition, Receivables
From
Loans Land From Micro,
Subordinated Loans Secured Receivables
Secured by Processing Employee/ Small Past Due
Securities, by Residential From Other Assets
Commercial and/or Retiree Loans Business, Loans
Equity, and Properties Corporations
Properties Construction and Retail
Other Capital
Loans Portfolio
Instruments
i j k l m n o p q
- 87,382 1,932,494 - - 1,289,523 11,442,058 22,311 -
- 8,893 22,252 - - 125,078 9,169,756 - -
- 1,474,003 6,825,825 - - 1,526,949 31,000,049 152,637 -
- 6,029 5,619 - - 12,813 155,936 - -
- 43,307 24,368 - - 1,504 31,238 10,320 -
- 508,060 637,692 - - 283,172 3,761,268 23,204 -
- 4,441,265 10,349,543 - - 3,328,860 14,918,487 474,693 -
- 354,575 1,288,350 - - 207,749 2,560,204 27,841 -
- 101,624 1,554,651 - - 93,297 1,290,821 52,961 -
- 264,658 448,207 - - 89,039 9,160,237 8,821 -
- - - - - 823,845 84,216 223 -
- 404,848 3,439,517 - - 135,318 5,049,546 123,569 -
- 340,497 558,668 - - 173,780 959,924 13,519 -
- 97,418 391,515 - - 93,368 1,685,106 933 -
- - - - - - - - -
- 70,887 73,039 - - 16,372 - - -
- 57,180 298,116 - - 38,446 1,251,725 - -
- - - - - - - - -
- 56,736 36,542 - - 29,191 107,267 4,035 -
- 15,646 5,957 - - 876 - 1,501 -
- - - - - - - - -
- 37,714,840 3,074,226 - - 23,516,204 315,135 1,059,819 -
- 130 - - - 11,404,703 94,622 99,440 -
23,373 - - - - 301,982 10,821,653 - 18,366,462
23,373 46,047,978 30,966,581 - - 43,492,070 103,859,248 2,075,829 18,366,462
2024 Annual Report | PT Bank CIMB Niaga Tbk 311
Page 310
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Receivables Receivables
From From
Receivables Receivables Multilateral Receivables Receivables Securities
No. Economic Sector From From Public Development From Public From Covered Companies and
Government Sector Entities Banks and Sector Entities Bonds Other Financial
International Service
Institutions Institutions
a b c d e f g h
Position as of 31 December 2023
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - 123,946 - - - -
3 Manufacturing - 523,376 - - - -
4 Electricity, Gas, Steam/Hot and Cold - 5,590,451 - - - -
Water
5 Water Management, Waste Water - - - - - -
Management, Waste Management
and Recycling
6 Construction - 2,820,140 - - - -
7 Wholesale and Retail Trading; Car - - - - - -
and Motorcycle Reparation and
Maintenance
8 Transport and Warehouse - 2,510,732 - - - -
9 Accommodation and Supply of Food - - - - - -
and Beverages
10 Information and Communication - 111,075 - - - -
11 Finance and Insurance Activities 934,389 - - 2,920,105 - 7,153,786
12 Real Estate - - - - - -
13 Professional, Scientific, and Technical - - - - - -
Activities
14 Rental and Leasing Activities without - - - - - -
Option Rights, Employment, Travel
Agencies, and Other Business
Support
15 Government Administration, Defence, - - - - - -
and Mandatory Social Security
16 Education - - - - - -
17 Human Health Activities and Social - - - - - -
Activities
18 Arts, Entertainment, and Recreation - - - - - -
19 Other Service Activities - - - - - -
20 Household Activities as Employer; - - - - - -
Activities that Produce Goods and
Services by Households that are
Used to Meet Own Needs
21 Activities of International Agencies - - - - - -
and Other Extra International
Agencies
22 Households - - - - - -
23 Non-Business Activities - 8 - 379 - 3,674
24 Others 78,750,661 864,861 - 6,739,128 - 4,296,792
Total 79,685,050 12,544,588 - 9,659,612 - 11,454,252
312 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 311
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Receivables
Acquisition, Receivables
From
Loans Land From Micro,
Subordinated Loans Secured Receivables
Secured by Processing Employee/ Small Past Due
Securities, by Residential From Other Assets
Commercial and/or Retiree Loans Business, Loans
Equity, and Properties Corporations
Properties Construction and Retail
Other Capital
Loans Portfolio
Instruments
i j k l m n o p q
- 84,977 1,144,243 - - 1,788,994 9,253,372 65,993 -
- 350 502,662 - - 124,024 3,981,933 - -
- 1,457,674 6,664,754 - - 1,124,828 28,060,741 198,572 -
- 4,955 17,634 - - 1,309 337,961 - -
- 45,675 24,359 - - 7,900 26,880 10,900 -
- 455,215 532,683 - - 186,479 4,116,209 36,314 -
- 4,442,277 9,731,628 - - 2,010,738 14,408,382 465,795 -
- 311,992 940,183 - - 114,246 1,191,873 12,536 -
- 107,304 1,449,730 - - 55,844 1,640,930 17,961 -
- 218,203 1,312,580 - - 44,812 9,155,579 - -
- - 2,477 - - 799,294 195,233 3,504 -
- 42,646 2,625,909 - - 108,882 5,007,396 158,682 -
- 358,928 530,716 - - 145,920 1,965,622 23,614 -
- 70,360 392,684 - - 59,867 1,819,899 1,370 -
- - - - - - - - -
- 3,451 31,480 - - 15,232 - - -
- 60,721 530,031 - - 25,830 73,378 - -
- - - - - - - - -
- 72,599 136,754 - - 16,659 9,485 4,704 -
- 14,057 20,078 - - 2,506 - - -
- - - - - - - - -
- 38,606,168 3,038,169 - - 19,629,189 224,535 796,498 -
- 120 - - - 10,977,024 79,088 58,816 -
3,659 - - - - 309,543 8,406,960 - 17,427,848
3,659 46,357,674 29,628,752 - - 37,549,118 89,955,458 1,855,258 17,427,848
2024 Annual Report | PT Bank CIMB Niaga Tbk 313
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Table 5.e. Additional Disclosure relating to Loan Quality on Asset (CRB)
c) Disclosure of Net Claims by Remaining Term of Contract
i. Bank Only
31 December 2024
Net receivables by contractual remaining maturity
No. Portfolio Category
< 1 year > 1 - 3 years > 3 - 5 years > 5 years
a b c d e f
1 Claims on Government 41,261,887 12,311,331 16,046,703 10,774,723
2 Claims on Public Sector Entities 1,651,161 3,678,090 1,726,740 3,294,514
3 Claims on Multilateral Development Banks and International - - - -
Institutions
4 Claims on Banks 6,622,349 617,532 1,130,739 2,236,156
5 Claims in Covered Bonds - - - -
6 Claims on Securities Companies and Other Financial Service Institutions 7,121,489 5,102,033 1,580,586 26,299
7 Claims in Subordinated Securities, Equity, and Other Capital - - - -
Instruments
8 Loans Secured by Residential Properties 4,535,671 5,029,973 4,310,986 32,171,347
9 Loans Secured by Commercial Properties 12,093,465 6,737,366 4,820,515 7,315,235
10 Land Acquisition, Land Processing, and/or Construction Loans - - - -
11 Employee/Retiree Loans - - - -
12 Claims on Micro, Small Business, and Retail Portfolio 12,076,412 10,356,749 7,945,381 4,291,091
13 Claims on Corporations 57,298,843 18,300,304 17,481,692 10,474,290
14 Past Due Loans 843,452 164,605 160,299 843,707
15 Other Assets 822,970 - - -
Total 144,327,701 62,297,982 55,203,640 71,427,364
ii. Bank Consolidated with Subsidiaries
31 December 2024
Net receivables by contractual remaining maturity
No. Portfolio Category
< 1 year > 1 - 3 years > 3 - 5 years > 5 years
a b c d e f
1 Claims on Government 41,737,463 12,311,331 16,046,703 10,774,723
2 Claims on Public Sector Entities 1,651,161 3,678,090 1,726,740 3,294,514
3 Claims on Multilateral Development Banks and International - - - -
Institutions
4 Claims on Banks 6,683,762 617,532 1,130,739 2,236,156
5 Claims in Covered Bonds - - - -
6 Claims on Securities Companies and Other Financial Service Institutions 7,121,489 5,102,033 1,580,586 26,299
7 Claims in Subordinated Securities, Equity, and Other Capital - - - -
Instruments
8 Loans Secured by Residential Properties 4,535,671 5,029,973 4,310,986 32,171,347
9 Loans Secured by Commercial Properties 12,093,465 6,737,366 4,820,515 7,315,235
10 Land Acquisition, Land Processing, and/or Construction Loans - - - -
11 Employee/Retiree Loans - - - -
12 Claims on Micro, Small Business, and Retail Portfolio 12,643,218 13,722,202 12,622,341 4,504,309
13 Claims on Corporations 57,317,558 18,443,170 17,612,502 10,486,019
14 Past Due Loans 845,644 187,774 198,134 844,277
15 Other Assets 822,970 - - -
Total 145,452,402 65,829,469 60,049,246 71,652,879
314 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 313
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
31 December 2023
Net receivables by contractual remaining maturity
Non Non
Total < 1 year > 1 - 3 years > 3 - 5 years > 5 years Total
Contractual Contractual
g h i j k l m n
- 80,394,644 40,385,610 18,824,405 6,549,700 13,925,335 - 79,685,050
- 10,350,504 762,292 2,893,128 1,380,549 7,508,619 - 12,544,588
- - - - - - - -
- 10,606,776 5,755,158 1,034,945 734,293 1,934,853 - 9,459,250
- - - - - - - -
- 13,830,407 5,967,690 3,944,321 1,528,869 13,372 - 11,454,252
23,373 23,373 - - - - 3,659 3,659
- 46,047,978 6,873,179 2,099,914 4,648,919 32,735,662 - 46,357,674
- 30,966,581 16,352,220 2,403,316 4,407,156 6,466,060 - 29,628,752
- - - - - - - -
- - - - - - - -
- 34,669,633 9,766,819 10,361,320 6,761,190 4,436,494 - 31,325,824
- 103,555,129 46,241,067 16,902,015 13,519,840 13,071,969 - 89,734,891
- 2,012,064 790,434 267,239 133,392 618,259 - 1,809,325
16,631,750 17,454,720 733,365 - - - 16,045,718 16,779,084
16,655,123 349,911,809 133,627,835 58,730,605 39,663,908 80,710,623 16,049,377 328,782,347
(in million Rupiah)
31 December 2023
Net receivables by contractual remaining maturity
Non Non
Total < 1 year > 1 - 3 years > 3 - 5 years > 5 years Total
Contractual Contractual
g h i j k l m n
- 80,870,220 40,385,610 18,824,405 6,549,700 13,925,335 - 79,685,050
- 10,350,504 762,292 2,893,128 1,380,549 7,508,619 - 12,544,588
- - - - - - - -
- 10,668,190 5,955,521 1,034,945 734,293 1,934,853 - 9,659,612
- - - - - - - -
- 13,830,407 5,967,690 3,944,321 1,528,869 13,372 - 11,454,252
23,373 23,373 - - - - 3,659 3,659
- 46,047,978 6,873,179 2,099,914 4,648,919 32,735,662 - 46,357,674
- 30,966,581 16,352,220 2,403,316 4,407,156 6,466,060 - 29,628,752
- - - - - - - -
- - - - - - - -
- 43,492,070 10,113,095 12,540,324 10,349,518 4,546,180 - 37,549,118
- 103,859,248 46,264,040 17,026,025 13,590,097 13,075,295 - 89,955,458
- 2,075,829 792,800 280,501 159,378 622,579 - 1,855,258
17,543,492 18,366,462 733,365 - - - 16,694,483 17,427,848
17,566,864 360,550,861 134,199,812 61,046,880 43,348,480 80,827,955 16,698,142 336,121,269
2024 Annual Report | PT Bank CIMB Niaga Tbk 315
Page 314
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Table 5.f. Additional Disclosure relating to Loan Quality on Asset (CRB)
d) Disclosure of Receivables and Provisions by Region
i. Bank Only
31 December 2024
No. Description Net Receivables Based on Region
Jakarta West Java Central Java East Java Sumatra East Indonesia
a b c d e f g h
1 Receivables 243,246,028 18,711,253 12,441,129 18,014,054 26,058,633 16,452,836
2 Impaired Receivables
a. Non-Past Due 8,350,484 1,162,931 1,208,719 1,031,013 874,894 381,890
b. Past Due 1,763,888 249,222 350,839 454,621 529,367 245,550
3 Provisions Stage 1 1,378,323 26,735 25,043 161,590 33,011 19,045
4 Provisions Stage 2 691,181 60,886 27,031 188,629 19,488 11,810
5 Provisions Stage 3 6,587,846 141,764 238,368 370,144 341,409 128,823
6 Receivables Written-Off 1,299,272 35,920 129,056 159,873 41,425 48,988
ii. Bank Consolidated with Subsidiaries
31 December 2024
No. Description Net Receivables Based on Region
Jakarta West Java Central Java East Java Sumatra East Indonesia
a b c d e f g h
1 Receivables 248.347.103 19.841.766 13.163.250 18.641.259 27.404.383 18.277.102
2 Impaired Receivables
a. Non-Past Due 8.350.484 1.162.931 1.208.719 1.031.013 874.894 381.890
b. Past Due 1.862.757 249.222 350.839 454.621 529.367 245.550
3 Provisions Stage 1 1.514.417 26.735 25.043 161.590 33.011 19.045
4 Provisions Stage 2 717.188 60.886 27.031 188.629 19.488 11.810
5 Provisions Stage 3 6.628.020 141.764 238.368 370.144 341.409 128.823
6 Receivables Written-Off 998.063 35.920 129.056 159.873 41.425 48.988
316 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 315
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
31 December 2023
Net Receivables Based on Region
Total Jakarta West Java Central Java East Java Sumatra East Indonesia Total
i j k l m n o p
334,923,933 230,394,893 19,480,545 11,748,540 16,405,472 23,425,972 17,114,169 318,569,592
13,009,931 16,027,568 1,118,396 755,735 1,691,860 973,003 588,307 21,154,869
3,593,487 2,145,031 240,707 401,099 555,249 448,872 228,856 4,019,814
1,643,747 1,449,242 32,122 23,412 161,764 29,740 16,895 1,713,175
999,025 1,075,070 65,871 44,633 206,224 39,066 40,397 1,471,261
7,808,354 7,174,943 144,099 278,017 722,443 264,942 136,827 8,721,271
1,714,534 1,354,937 63,765 513,284 151,915 51,135 59,024 2,194,060
(in million Rupiah)
31 December 2023
Net Receivables Based on Region
Total Jakarta West Java Central Java East Java Sumatra East Indonesia Total
i j k l m n o p
345.674.863 233.917.208 20.366.807 12.275.214 16.893.393 24.290.119 18.240.155 325.982.895
13.009.931 22.511.496 1.118.396 755.735 1.691.860 973.003 588.307 27.638.797
3.692.356 2.225.279 240.707 401.099 555.249 448.872 228.856 4.100.062
1.779.841 1.545.801 32.122 23.412 161.764 29.740 16.895 1.809.734
1.025.032 1.089.085 65.871 44.633 206.224 39.066 40.397 1.485.276
7.848.528 7.206.145 144.099 278.017 722.443 264.942 136.827 8.752.473
1.413.325 1.617.054 63.765 513.284 151.915 51.135 59.024 2.456.177
2024 Annual Report | PT Bank CIMB Niaga Tbk 317
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Table 5.g. Additional Disclosure relating to Loan Quality on Asset (CRB)
e) Disclosure of Receivables and Provisions based on Economic Sector
i. Bank Only
No. Economy Sector
a b
31 December 2024
1 Agriculture, Forestry, and Fishery
2 Mining and Excavation
3 Manufacturing
4 Electricity, Gas, Steam/Hot Water, and Cold Air
5 Water Management, Waste Water Management, Waste Management, and Remediation Activities
6 Construction
7 Wholesale and Retail Trading; Car and Motorcycle Reparation, and Maintenance
8 Transport and Warehouse
9 Accommodation and Supply of Food and Beverages
10 Information and Communication
11 Finance and Insurance Activities
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities without Option Rights, Employment, Travel Agencies, and Other Business Support
15 Government Administration, Defence, and Mandatory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as Employer; Activities that Produce Goods and Services by Households that are Used to Meet Own Needs
21 Activities of International Agencies and Other Extra International Agencies
22 Households
23 Non-Business Activities
24 Others
Total
No. Economy Sector
a b
31 December 2023
1 Agriculture, Forestry, and Fishery
2 Mining and Excavation
3 Manufacturing
4 Electricity, Gas, Steam/Hot Water, and Cold Air
5 Water Management, Waste Water Management, Waste Management, and Remediation Activities
6 Construction
7 Wholesale and Retail Trading; Car and Motorcycle Reparation, and Maintenance
8 Transport and Warehouse
9 Accommodation and Supply of Food and Beverages
10 Information and Communication
11 Finance and Insurance Activities
318 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 317
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
c d e f g h i
13,620,817 579,683 74,609 11,382 1,589 52,424 -
7,375,011 239,212 15,013 12,578 99,601 15,013 -
40,785,609 5,073,830 356,347 72,052 197,768 4,256,034 -
5,372,830 - - 37,644 - - -
111,441 8,749 15,547 85 25 8,818 -
7,389,015 61,725 104,455 300,252 3,716 868,498 -
31,036,019 2,445,058 946,209 203,439 119,894 597,333 -
4,650,560 29,867 52,867 14,605 2,174 188,924 -
3,445,296 152,136 209,188 2,373 64,523 455,297 -
9,196,999 748,910 44,872 29,439 63,634 37,762 -
13,863,064 5,536 40,336 52,188 5,979 40,119 -
9,214,961 1,122,352 329,758 1,648 89,737 206,190 -
1,966,278 277,803 34,855 2,156 9,415 24,034 -
2,128,183 438,092 30,338 181,915 4,991 29,405 -
- - - - - - -
158,451 - - 50 - - -
1,362,283 12,292 - 5,682 660 - -
- - - - - - -
213,957 1,996 6,728 442 937 2,838 -
27,413 - 4,999 12 - 3,498 -
- - - - - - -
56,688,399 1,802,434 1,324,225 324,087 239,809 730,380 -
10,094,209 10,256 3,141 391,718 94,573 291,787 1,714,534
116,223,138 - - - - - -
334,923,933 13,009,931 3,593,487 1,643,747 999,025 7,808,354 1,714,534
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
c d e f g h i
11,980,043 1,154,227 87,270 6,063 9,092 21,403 -
3,045,194 129,039 15,013 1,491 127,695 15,013 -
38,286,008 8,354,907 932,714 74,515 224,003 4,502,150 -
5,840,486 - - 39,376 - - -
118,113 20,684 15,547 141 444 7,734 -
8,447,523 807,068 124,104 307,511 8,822 874,340 -
29,002,195 2,786,001 1,055,737 196,339 145,259 693,698 -
5,021,443 242,488 39,933 8,346 670 223,396 -
3,834,702 1,287,659 164,923 10,695 112,404 696,628 -
10,779,019 1,044,378 31,091 36,858 - 765,766 -
11,134,223 20,151 26,739 24,749 10,779 23,247 -
2024 Annual Report | PT Bank CIMB Niaga Tbk 319
Page 318
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
No. Economy Sector
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities without Option Rights, Employment, Travel Agencies, and Other Business Support
15 Government Administration, Defence, and Mandatory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as Employer; Activities that Produce Goods and Services by Households that are Used to Meet Own Needs
21 Activities of International Agencies and Other Extra International Agencies
22 Households
23 Non-Business Activities
24 Others
Total
ii. Bank Consolidated with Subsidiaries
No. Economy Sector
a b
31 December 2024
1 Agriculture, Forestry, and Fishery
2 Mining and Excavation
3 Manufacturing
4 Electricity, Gas, Steam/Hot Water, and Cold Air
5 Water Management, Waste Water Management, Waste Management, and Remediation Activities
6 Construction
7 Wholesale and Retail Trading; Car and Motorcycle Reparation, and Maintenance
8 Transport and Warehouse
9 Accommodation and Supply of Food and Beverages
10 Information and Communication
11 Finance and Insurance Activities
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities without Option Rights, Employment, Travel Agencies, and Other Business Support
15 Government Administration, Defence, and Mandatory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as Employer; Activities that Produce Goods and Services by Households that are Used to Meet Own Needs
21 Activities of International Agencies and Other Extra International Agencies
22 Households
23 Non-Business Activities
24 Others
Total
320 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 319
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
8,030,487 1,448,393 333,072 1,172 99,325 174,390 -
2,597,904 317,186 37,968 3,059 8,688 15,228 -
2,264,175 535,321 17,616 258,768 10,963 38,280 -
- - - - - - -
46,316 - - 40 - - -
603,930 40,282 - 2,955 6,894 - -
- - - - - - -
224,841 33,949 7,436 937 3,505 2,732 -
36,247 4,999 - 4 696 - -
- - - - - - -
56,038,053 2,405,984 1,020,753 298,016 414,805 580,018 -
9,474,792 522,153 109,898 442,140 287,217 87,248 2,194,060
111,763,898 - - - - - -
318,569,592 21,154,869 4,019,814 1,713,175 1,471,261 8,721,271 2,194,060
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
c d e f g h i
13,620,817 579,683 74,609 11,382 1,589 52,424 -
7,375,011 239,212 15,013 12,578 99,601 15,013 -
40,785,609 5,073,830 356,347 72,052 197,768 4,256,034 -
5,372,830 - - 37,644 - - -
111,441 8,749 15,547 85 25 8,818 -
7,389,015 61,725 104,455 300,252 3,716 868,498 -
31,036,019 2,445,058 946,209 203,439 119,894 597,333 -
4,650,560 29,867 52,867 14,605 2,174 188,924 -
3,445,296 152,136 209,188 2,373 64,523 455,297 -
9,196,999 748,910 44,872 29,439 63,634 37,762 -
13,863,064 5,536 40,336 52,188 5,979 40,119 -
9,214,961 1,122,352 329,758 1,648 89,737 206,190 -
1,966,278 277,803 34,855 2,156 9,415 24,034 -
2,128,183 438,092 30,338 181,915 4,991 29,405 -
- - - - - - -
158,451 - - 50 - - -
1,362,283 12,292 - 5,682 660 - -
- - - - - - -
213,957 1,996 6,728 442 937 2,838 -
27,413 - 4,999 12 - 3,498 -
- - - - - - -
56,688,399 1,802,434 1,324,226 324,087 239,809 730,380 -
10,094,209 10,256 3,140 391,718 94,573 291,787 1,413,325
126,974,068 - 98,870 136,094 26,006 40,174 -
345,674,863 13,009,931 3,692,357 1,779,841 1,025,031 7,848,528 1,413,325
2024 Annual Report | PT Bank CIMB Niaga Tbk 321
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
No. Economy Sector
a b
31 December 2023
1 Agriculture, Forestry, and Fishery
2 Mining and Excavation
3 Manufacturing
4 Electricity, Gas, Steam/Hot Water, and Cold Air
5 Water Management, Waste Water Management, Waste Management, and Remediation Activities
6 Construction
7 Wholesale and Retail Trading; Car and Motorcycle Reparation, and Maintenance
8 Transport and Warehouse
9 Accommodation and Supply of Food and Beverages
10 Information and Communication
11 Finance and Insurance Activities
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities without Option Rights, Employment, Travel Agencies, and Other Business Support
15 Government Administration, Defence, and Mandatory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as Employer; Activities that Produce Goods and Services by Households that are Used to Meet Own Needs
21 Activities of International Agencies and Other Extra International Agencies
22 Households
23 Non-Business Activities
24 Others
Total
322 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 321
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
c d e f g h i
11,980,043 1,154,227 87,270 6,063 9,092 21,403 -
3,045,194 129,039 15,013 1,491 127,695 15,013 -
38,286,008 8,354,907 932,714 74,515 224,003 4,502,150 -
5,840,486 - - 39,376 - - -
118,113 20,684 15,547 141 444 7,734 -
8,447,523 807,068 124,104 307,511 8,822 874,340 -
29,002,195 2,786,001 1,055,737 196,339 145,259 693,698 -
5,021,443 242,488 39,933 8,346 670 223,396 -
3,834,702 1,287,659 164,923 10,695 112,404 696,628 -
10,779,019 1,044,378 31,091 36,858 - 765,766 -
11,134,223 20,151 26,739 24,749 10,779 23,247 -
8,030,487 1,448,393 333,072 1,172 99,325 174,390 -
2,597,904 317,186 37,968 3,059 8,688 15,228 -
2,264,175 535,321 17,616 258,768 10,963 38,280 -
- - - - - - -
46,316 - - 40 - - -
603,930 40,282 - 2,955 6,894 - -
- - - - - - -
224,841 33,949 7,436 937 3,505 2,732 -
36,247 4,999 - 4 696 - -
- - - - - - -
56,038,053 2,405,984 1,020,753 298,016 414,805 580,018 -
9,474,792 522,153 109,898 442,140 287,217 87,248 2,456,177
119,177,201 6,483,928 80,248 96,559 14,015 31,202 -
325,982,895 27,638,797 4,100,062 1,809,734 1,485,276 8,752,473 2,456,177
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Highlights Report Profile Discussion & Analysis Management
Table 5.h. Additional Disclosure relating to Loan Quality on Asset (CRB)
f) Disclosure of Past Due Loans Based on Outstanding Days
i. Bank Only
31 December 2024
No. Type of Exposure Past Due Loans Based on Outstanding Days
> 90 days to 120 days > 120 days to 180 days
a b c d
1 Loans included in Past Due Loans 546,972 538,255
2 Securities included in Past Due Loans - -
Total 546,972 538,255
ii. Bank Consolidated with Subsidiaries
31 December 2024
No. Type of Exposure Past Due Loans Based on Outstanding Days
> 90 days to 120 days > 120 days to 180 days
a b c d
1 Loans included in Past Due Loans 583,438 600,377
2 Securities included in Past Due Loans - -
Total 583,438 600,377
Table 5.i. Additional Disclosures Relating to Treatment of Non-Performing Assets (CRB-A)
a) Disclosure of Performing and Non Performing Assets
i. Bank Only
Performing
(Quality of L and TPF)
No. Component
Gross Fair Value Provisions
a b
1 Securities 93,335,185 840
2 Loans
a. Corporate 149,652,065 6,929,892
b. Retail 65,152,854 1,112,420
3 Administrative Account Transactions 112,265,361 69,332
ii. Bank Consolidated with Subsidiaries
Performing
(Quality of L and TPF)
No. Component
Gross Fair Value Provisions
a b
1 Securities 93,810,761 840
2 Loans
a. Corporate 148,901,206 6,929,892
b. Retail 75,107,043 1,248,513
3 Administrative Account Transactions 112,265,361 69,332
324 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
31 December 2023
Past Due Loans Based on Outstanding Days
> 180 days Total > 90 days to 120 days > 120 days to 180 days > 180 days Total
e f g h i j
2,810,649 3,895,876 454,824 715,645 2,906,834 4,077,303
- - - - 15,000 15,000
2,810,649 3,895,876 454,824 715,645 2,921,834 4,092,303
(in million Rupiah)
31 December 2023
Past Due Loans Based on Outstanding Days
> 180 days Total > 90 days to 120 days > 120 days to 180 days > 180 days Total
e f g h i j
2,810,931 3,994,746 482,810 760,490 2,914,251 4,157,551
- - - - 15,000 15,000
2,810,931 3,994,746 482,810 760,490 2,929,251 4,172,551
(in million Rupiah)
Non Performing
(Qulaity of KL, D, M)
Receivables that are Not Impaired
Impaired Receivables
Past Due for > 90 Days Past Due for > 90 Days
Gross Fair Value Provisions Gross Fair Value Provisions Gross Fair Value Provisions
c d e f g h
- - - - - -
3,004,068 1,448,878 - - - -
891,808 959,936 - - - -
163,362 111,718 - - - -
(in million Rupiah)
Non Performing
(Qulaity of KL, D, M)
Receivables that are Not Impaired
Impaired Receivables
Past Due for > 90 Days Past Due for > 90 Days
Gross Fair Value Provisions Gross Fair Value Provisions Gross Fair Value Provisions
c d e f g h
- - - - - -
2,266,121 1,448,878 - - - -
1,728,625 1,026,117 - - - -
163,362 111,718 - - - -
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Table 5.j. Additional Disclosures Relating to Treatment of Non-Performing Assets (CRB-A)
b) Disclosure of Performing and Non Performing Restructuring Assets
i. Bank Only
Performing Non Performing
(Quality of L and TPF) (Quality of KL, D, M)
No. Component
Gross Fair Value Provisions Gross Fair Value Provisions
a b c d
1 Securities 93,335,185 840 - -
2 Credit
a. Corporations 149,652,065 6,929,892 2,266,121 1,448,878
b. Retail 65,152,854 1,112,420 1,629,755 959,936
3 Administrative Account Transaction 112,265,361 69,332 163,362 111,718
ii. Bank Consolidated with Subsidiaries
Performing Non Performing
(Quality of L and TPF) (Quality of KL, D, M)
No. Component
Gross Fair Value Provisions Gross Fair Value Provisions
a b c d
1 Securities 93,810,761 840 - -
2 Credit - - - -
a. Corporations 148,901,206 6,929,892 2,266,121 1,448,878
b. Retail 75,107,043 1,248,513 1,728,625 1,026,117
3 Administrative Account Transaction 112,265,361 69,332 163,362 111,718
326 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Stage 1 Stage 2 Stage 3
Gross Fair Value Provisions Gross Fair Value Provisions Gross Fair Value Provisions
e f g h i j
93,810,761 840 - - - -
133,253,663 927,969 11,197,239 664,642 7,467,284 6,786,187
63,093,512 715,778 1,978,743 334,382 1,710,354 1,022,168
112,063,807 69,332 201,554 32,833 163,362 78,885
(in million Rupiah)
Stage 1 Stage 2 Stage 3
Gross Fair Value Provisions Gross Fair Value Provisions Gross Fair Value Provisions
e f g h i j
93,810,761 840 - - - -
- - - - - -
132,502,804 927,970 11,197,239 664,642 7,467,284 6,786,187
73,047,702 851,870 1,978,743 360,389 1,809,223 1,062,342
112,063,807 69,332 201,554 32,833 163,362 78,885
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Highlights Report Profile Discussion & Analysis Management
CREDIT RISK DISCLOSURE BASED ON CATEGORIES OF PORTFOLIO ADOPTING
STANDAR APPROACH EXTERNAL RATINGS
In relation to capital, credit risk is measured based on Risk Based on the standard approach, RWA calculations for
Weighted Assets (RWA) for credit through One Reporting several portfolio categories are based on external ratings,
Module Credit RWA application, whereby the Bank and for some other risk categories, the risk weights have
adopts the Basel 3 Reform method based on Financial been determined directly in accordance with regulatory
Services Authority Circular Letter No. 24/SEOJK.03/2021 requirements. However, many of them are unrated,
concerning the calculation of Risk-Weighted Assets for resulting in a more conservative weighting. The Bank has
credit risk using a standard approach for Commercial also implemented the concept of due diligence in applying
Banks. external rating data to calculate Credit RWA. Under this
due diligence concept, the external rating obtained will
In addition, CIMB Niaga has implemented Financial be compared with the internal rating movement trend
Services Authority Circular Letter No.48/SEOJK.03/2017 managed by the Bank.
regarding Guidelines for Calculating Net Receivables
for Derivative Transactions in Calculating Risk-Weighted RATING AGENCIES
Assets for Credit Risk Using the Standard Approach (SA- CIMB Niaga adopts the latest ratings published by rating
CCR). agencies that have been recognized by the Financial
Services Authority. Based on OJK Circular Letter No.
POLICY ON RATINGS USED IN RWA CALCULATION 37/SEOJK.03/2016 dated 8 September 2016, regarding
FOR CREDIT RISK Rating Agencies and Ratings Acknowledges by the
In accordance with the standard approach for credit Financial Services Authority, as well as the OJK website
risk measurement methodology, RWA calculations are as of 31 December 2024.
generally based on ratings published by external rating
agencies. DISCLOSURE OF COUNTERPARTY CREDIT RISK
Counterparty credit risk is the risk arising from the
Based on Financial Services Authority Regulations, credit counterparty’s failure to fulfill its obligations to the
exposures included in standardised credit Risk Weighted Bank in relation to treasury transactions that are
Assets (RWA) calculations include: affected by changes in fair value or market value as a
• Assets exposure in the balance sheet as well as result of movement in specific market variables. This
liabilities and contingencies in administrative account risk includes exposures to over-the-counter (OTC)
transactions, excluding trading book positions derivative transactions, as well as repo and reverse repo
that have been calculated in market risk RWA and transactions.
investments that have been calculated as capital
deduction factors. The Bank manages counterparty credit risk from trading
• Exposures that create credit risk as a result of activities, derivatives, and Repo and Reverse Repo
counterparty failure, with net claims calculated using transactions in accordance with the Bank’s policies
the SA-CCR method. and standard operating procedures by considering
• Exposure on sales and purchase transactions of the level of risk commensurate with the returns and by
financial instruments, which may lead to credit risk always maintaining the Bank’s capital adequacy. The
owing to settlement failures. counterparty credit risk exposure limits are determined
by the counterparty’s suitability, which is based on
the internal rating and the duration of the transaction
offered. The Bank strictly monitors counterparty credit
risk exposure using methods defined in internal policies.
Credit risk exposure is monitored and if a counterparty
exceeds their credit limit, an independent unit will
escalate the issue. Credit risk mitigation includes, among
other things, assessing the feasibility of counterparty
needs and requiring cash collateral if deemed necessary.
328 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
DISCLOSURE OF CREDIT RISK MITIGATION BASED ON STANDARD APPROACH
In accordance with Financial Services Authority Circular Letter No. 24/SEOJK.03/2021, concerning the Calculation of
Risk-Weighted Assets for Credit Risk Using a Standard Approach for Commercial Banks, the Bank recognizes collateral,
guarantee, or credit insurance as Credit Risk Mitigation methods (MRK). The methods adopted by the Bank in MRK,
according to the circular letter, are as follows:
1. MRK Method – Collateral
2. MRK Method—Guarantee and/or
3. MRK Method—Credit Guarantee or Insurance
The type of financial collateral recognized (eligible financial collateral) by the Bank in the MRK Collateral Technique refer
to the relevant provisions of the regulators. In addition to the usual MRK, such as blocked demand deposits, deposits,
government securities, and/or security deposits, the Bank accepts MRK in the form of guarantees issued by the Ministry
of Finance of the Republic of Indonesia for Indonesian government infrastructure projects.
QUANTITATIVE DISCLOSURE OF NET RECEIVABLES BASED ON RISK WEIGHT AFTER
CALCULATING THE IMPACT OF CREDIT RISK MITIGATION
Table 5.k. Quantitative Disclosures relating to Credit Risk Mitigation Techniques (CR3)
i. Bank Only (in million Rupiah)
Receivables Receivables Receivables
Receivables
not Secured Secured by Receivables Secured by
Secured
by Credit Risk Credit Risk Secured by Guarantee
Component by Credit
No. Mitigation Mitigation Collateral and/or Credit
Derivative
Techniques Techniques Insurance
a b c d e
1 Loans 207,679,653 11,021,142 8,968,104 2,053,038
2 Securities 93,335,185 - - -
3 Total 301,014,838 11,021,142 8,968,104 2,053,038
4 Loans and Securities that are Past Due 3,886,170 9,706 - 9,706
ii. Bank Consolidated with Subsidiaries (in million Rupiah)
Receivables Receivables Receivables
Receivables
not Secured Secured by Receivables Secured by
Secured
by Credit Risk Credit Risk Secured by Guarantee
Component by Credit
No. Mitigation Mitigation Collateral and/or Credit
Derivative
Techniques Techniques Insurance
a b c d e
1 Loans 216,981,853 11,021,142 8,968,104 2,053,038
2 Securities 93,810,761 - - -
3 Total 310,792,614 11,021,142 8,968,104 2,053,038
4 Loans and Securities that are Past Due 3,985,040 9,706 - 9,706
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Table 5.l. Disclosure of Credit Risk Exposure and Impact of Credit Risk Mitigation Techniques (CR4)
i. Bank Only (in million Rupiah)
Not Receivables Before the Not Receivables After the
Implementation of Credit Implementation of Credit
RWA and Average Risk Weight
Conversion Factor and Credit Conversion Factor and Credit
Risk Mitigation Techniques Risk Mitigation Techniques
No. Portfolio Category
Administrative Administrative Average Risk
Balance Sheet Account Balance Sheet Account RWA Weight
Transactions Transactions (e/(c+d))
a b c d e f
1 Claims on Government 80,388,124 65,200 80,388,124 6,520 - 0%
2 Claims on Public Sector Entities 9,969,923 2,865,214 9,969,923 380,581 2,244,182 22%
3 Claims on Multilateral - - - - -
Development Banks and
International Institutions
4 Claims on Banks 10,405,116 996,142 8,856,717 201,661 2,670,366 29%
Claims on Securities 12,451,523 6,247,224 12,451,523 1,378,884 3,262,197 24%
Companies and Other
Financial Service
Institutions1)
5 Claims in Covered Bonds - - - - -
6 Claims on Corporations - General 86,552,517 65,683,376 86,552,517 15,167,956 89,434,941 88%
Corporate Exposures2)
Claims on Securities - - - - -
Companies and Other
Financial Service
Institutions3)
Special Financing Exposure4) 1,780,041 247,486 1,780,041 54,615 1,976,882 108%
7 Claims in Subordinated 23,373 - 23,373 - 28,431 122%
Securities, Equity, and Other
Capital Instruments
8 Claims on Micro, Small 32,140,685 22,620,222 32,140,685 2,528,948 24,062,395 69%
Business, and Retail Portfolio
9 Loans Secured by Properties - - - - -
Loans Secured by Residential 37,816,170 14,937 37,816,170 1,494 16,432,126 43%
Properties where the
Payments Are Not Materially
Dependant on Property Cash
Flow
Loans Secured by Residential 7,976,153 2,531,612 7,976,153 254,161 5,448,339 66%
Properties where the
Payments Are Materially
Dependant on Property Cash
Flow
Loans Secured by 3,342,994 623 3,342,994 62 2,481,138 74%
Commercial Properties
where the Payments Are Not
Materially Dependant on
Property Cash Flow
Loans Secured by 26,402,150 10,993,424 26,402,150 1,221,374 26,179,685 95%
Commercial Properties where
the Payments Are Materially
Dependant on Property Cash
Flow
Land Acquisition, Land - - - - -
Processing and/or
Construction Loans
10 Past Due Receivables 1,995,737 163,262 1,995,737 16,326 2,166,238 108%
11 Other Assets 17,454,720 - 17,454,720 - 13,831,038 79%
12 Total 328,699,226 112,428,723 327,150,827 21,212,583 190,217,958 55%
330 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
ii. Bank Consolidated with Subsidiaries (in million Rupiah)
Not Receivables Before the Net Receivables After the
Implementation of Credit Implementation of Credit
RWA and Average Risk Weight
Conversion Factor and Credit Conversion Factor and Credit
Risk Mitigation Techniques Risk Mitigation Techniques
No. Portfolio Category
Administrative Administrative Average Risk
Balance Sheet Account Balance Sheet Account RWA Weight
Transactions Transactions (e/(c+d))
a b c d e f
1 Claims on Government 80,863,700 65,200 80,863,700 6,520 - 0%
2 Claims on Public Sector Entities 9,969,923 2,865,214 9,969,923 380,581 2,244,182 22%
3 Claims on Multilateral - - - - -
Development Banks and
International Institutions
4 Claims on Banks 10,466,529 996,142 8,918,131 201,661 2,701,073 30%
Claims on Securities 12,451,523 6,247,224 12,451,523 1,378,884 3,262,197 24%
Companies and Other
Financial Service
Institutions1)
5 Claims in Covered Bonds - - - - -
6 Claims on Corporations - General 86,856,636 65,683,376 86,856,636 15,167,956 89,739,060 88%
Corporate Exposures2)
Claims on Securities - - - - -
Companies and Other
Financial Service
Institutions3)
Special Financing Exposure4) 1,780,041 247,486 1,780,041 54,615 1,976,882 108%
7 Claims in Subordinated 23,373 - 23,373 - 28,431 122%
Securities, Equity, and Other
Capital Instruments
8 Claims on Micro, Small 40,963,121 22,620,222 40,963,121 2,528,948 30,687,259 71%
Business, and Retail Portfolio
9 Loans Secured by Properties - - - - -
Loans Secured by Residential 37,816,170 14,937 37,816,170 1,494 16,432,126 43%
Properties where the
Payments Are Not Materially
Dependant on Property Cash
Flow
Loans Secured by Residential 7,976,153 2,531,612 7,976,153 254,161 5,448,339 66%
Properties where the
Payments Are Materially
Dependant on Property Cash
Flow
Loans Secured by 3,342,994 623 3,342,994 62 2,481,138 74%
Commercial Properties
where the Payments Are Not
Materially Dependant on
Property Cash Flow
Loans Secured by 26,402,150 10,993,424 26,402,150 1,221,374 26,179,685 95%
Commercial Properties where
the Payments Are Materially
Dependant on Property Cash
Flow
Land Acquisition, Land - - - - -
Processing and/or
Construction Loans
10 Past Due Receivables 2,059,502 163,262 2,059,502 16,326 2,231,161 107%
11 Other Assets 18,366,462 - 18,366,462 - 14,909,323 81%
12 Total 339,338,277 112,428,723 337,789,879 21,212,583 198,320,856 55%
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Table 5.m. Disclosure on Exposure by Asset Class and Risk Weight (CR5)
i. Bank Only
Portfolio Category 0% 20% 50%
1 Claims on Government 80,394,644 - -
Portfolio Category 20% 50%
2 Claims on Public Sector Entities 8,406,817 1,943,687
Portfolio Category 0% 20% 30%
3 Claims on Multilateral Development Banks - - -
and International Institutions
Portfolio Category 20% 30% 40% 50%
4 Claims on Banks 4,299,420 467,817 2,970,135 986,104
Claims on Securities Companies and Other 11,365,727 317,717 1,748,364 312,688
Financial Service Institutions
Portfolio Category 10% 15% 20% 25%
5 Claims in Covered Bonds - - - -
Portfolio Category 20% 50% 65%5) 75%
6 Claims on General Corporations 854,420 8,201,738 - 990,807
Claims on Securities Companies and Other - - - -
Financial Service Institutions
Special Financing Exposure - - -
Portfolio Category 100% 150%
7 Claims in Subordinated Securities, Equity, and 20,000 -
Other Capital Instruments
Portfolio Category 45% 75%
8 Claims on Micro, Small Business and Retail 1,769,941 25,446,503
Portfolio
Portfolio Category 0%5) 20% 25% 30% 35% 40% 45% 50%
9 Loans Secured by Properties
Loans Secured by Residential Properties - 7,551,619 3,728,810 10,231,795 - 3,931,664 - 871,736
where the Payments Are Not Materially
Dependant on Property Cash Flow
without loan sharing approach - - - - - - - -
with loan sharing approach (guaranteed) - - - - - - - -
with loan sharing approach (guaranteed) - - - - - - - -
Loans Secured by Residential Properties - - - 1,079,785 396,332 - 1,513,652 -
where the Payments Are Materially
Dependant on Property Cash Flow
Loans Secured by Commercial Properties - - - - - - - -
where the Payments Are Not Materially
Dependant on Property Cash Flow"
without loan sharing approach - - - - - - - -
with loan sharing approach (guaranteed) - - - - - - - -
with loan sharing approach (guaranteed) - - - - - - - -
Loans Secured by Commercial Properties - - - - - - - -
where the Payments Are Materially
Dependant on Property Cash Flow
Land Acquisition, Land Processing and/or - - - - - - - -
Construction Loans
Net Receivables After
the Implementation of
Portfolio Category 50% 100% 150% Others CCF and Credit Risk
Mitigation Techniques
10 Past Due Loans 313,875 1,075,952 622,237 - 2,012,064
Net Receivables
After the
Implementation
Portfolio Category 0% 20% 100% 150% 1250% Others of CCF and
Credit Risk
Mitigation
Techniques
11 Other Assets 3,665,029 - 13,706,998 82,693 - - 17,454,720
332 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
(in million Rupiah)
Net Receivables After the Implementation of
100% 150% Others CCF and Credit Risk Mitigation Techniques
- - - 80,394,644
Net Receivables After the Implementation of
100% 150% Others CCF and Credit Risk Mitigation Techniques
- - - 10,350,504
Net Receivables After the Implementation of
50% 100% 150% Others CCF and Credit Risk Mitigation Techniques
- - - - -
Net Receivables After the Implementation of
75% 100% 150% Others
CCF and Credit Risk Mitigation Techniques
331,598 - 3,303 - 9,058,378
77,357 - 8,555 - 13,830,407
Net Receivables After the Implementation of
35% 50% 100% Others
CCF and Credit Risk Mitigation Techniques
- - - - -
Net Receivables After
the Implementation of
80% 85% 100% 130% 150% Others CCF and Credit Risk
Mitigation Techniques
- 7,186,889 84,485,667 - - 951 101,720,473
- - - - -
- 1,360,570 474,086 - - 1,834,656
Net Receivables After the Implementation of
250% 400%5) Others CCF and Credit Risk Mitigation Techniques
3,373 - - 23,373
Net Receivables After the Implementation of
85% 100% Others CCF and Credit Risk Mitigation Techniques
4,671,521 2,781,668 - 34,669,633
Tagihan
Bersih setelah
60% 65%5) 70% 75% 85% 90% 100% 105% 110% 150% Others FKK dan
Teknik MRK
- - 288,862 10,015,416 - - 1,197,762 - - - - 37,817,664
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
1,444,473 - - 2,018,300 - - - 1,647,957 - 129,815 - 8,230,314
1,104,424 - - 1,621,786 98,017 - 518,829 - - - - 3,343,056
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - 9,126,023 - - 4,660,802 - - 12,830,511 1,006,188 -
27,623,525
- - - - - - - - - - - -
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Net Receivables of Net Receivables (After the
Net Receivable Statement of Administrative Account Implementation of CCF
No Risk Weight Average CCF
Financial Position Transactions (before the and Credit Risk Mitigation
application of CCF) Techniques)
1 < 40% 132,683,817 1,324,981 17% 132,760,883
2 40%-70% 34,805,899 2,021,952 18% 36,527,367
3 75% 38,394,473 2,107,295 10% 40,501,768
4 85% 10,310,620 1,645,807 23% 11,956,427
5 90%-100% 96,489,386 13,318,864 23% 109,808,249
6 105%-130% 14,238,019 714,535 11% 14,952,554
7 150% 1,773,639 79,151 12% 1,852,790
8 250% 3,373 - - 3,373
9 400% - - - -
10 1,250% - - - -
11 Total Net Receivables 328,699,226 21,212,583 19% 348,363,411
ii. Bank Consolidated with Subsidiaries
Portfolio Category 0% 20% 50%
1 Claims on Government 80,870,220 - -
Portfolio Category 20% 50%
2 Claims on Public Sector Entities 8,406,817 1,943,687
Portfolio Category 0% 20% 30%
3 Claims on Multilateral Development Banks - - -
and International Institutions
Portfolio Category 20% 30% 40% 50%
4 Claims on Banks 4,299,420 467,817 2,970,135 1,047,518
Claims on Securities Companies and Other 11,365,727 317,717 1,748,364 312,688
Financial Service Institutions
Portfolio Category 10% 15% 20% 25%
5 Claims in Covered Bonds - - - -
Portfolio Category 20% 50% 65%5) 75%
6 Claims on General Corporations 854,420 8,201,738 - 990,807
Claims on Securities Companies and Other - - - -
Financial Service Institutions
Special Financing Exposure - - - -
Portfolio Category 100% 150%
7 Claims in Subordinated Securities, Equity, and 20,000 -
Other Capital Instruments
Portfolio Category 45% 75%
8 Claims on Micro, Small Business and Retail 1,769,941 34,236,793
Portfolio
Portfolio Category 0%5) 20% 25% 30% 35% 40% 45% 50%
9 Loans Secured by Properties
Loans Secured by Residential Properties - 7,551,619 3,728,810 10,231,795 - 3,931,664 - 871,736
where the Payments Are Not Materially
Dependant on Property Cash Flow
without loan sharing approach - - - - - - - -
with loan sharing approach (guaranteed) - - - - - - - -
with loan sharing approach (guaranteed) - - - - - - - -
Loans Secured by Residential Properties - - - 1,079,785 396,332 - 1,513,652 -
where the Payments Are Materially
Dependant on Property Cash Flow
Loans Secured by Commercial Properties - - - - - - - -
where the Payments Are Not Materially
Dependant on Property Cash Flow"
without loan sharing approach - - - - - - - -
with loan sharing approach (guaranteed) - - - - - - -
with loan sharing approach (guaranteed) - - - - - - - -
Loans Secured by Commercial Properties - - - - - - - -
where the Payments Are Materially
Dependant on Property Cash Flow
Land Acquisition, Land Processing and/or - - - - - - - -
Construction Loans
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(in million Rupiah)
Net Receivables After the Implementation of
100% 150% Others CCF and Credit Risk Mitigation Techniques
- - - 80,870,220
Net Receivables After the Implementation of
100% 150% Others CCF and Credit Risk Mitigation Techniques
- - - 10,350,504
Net Receivables After the Implementation of
50% 100% 150% Others CCF and Credit Risk Mitigation Techniques
- - - - -
Net Receivables After the Implementation of
75% 100% 150% Others
CCF and Credit Risk Mitigation Techniques
331,598 - 3,303 - 9,119,791
77,357 - 8,555 - 13,830,407
Net Receivables After the Implementation of
35% 50% 100% Others
CCF and Credit Risk Mitigation Techniques
- - - - -
Net Receivables After
the Implementation of
80% 85% 100% 130% 150% Others CCF and Credit Risk
Mitigation Techniques
- 7,186,889 84,789,786 - - 951 102,024,592
- - - - - - -
- - 1,360,570 474,086 - - 1,834,656
Net Receivables After the Implementation of
250% 400%5) Others CCF and Credit Risk Mitigation Techniques
3,373 - - 23,373
Net Receivables After the Implementation of
85% 100% Others CCF and Credit Risk Mitigation Techniques
4,671,521 2,813,815 - 43,492,070
Tagihan
Bersih setelah
60% 65%5) 70% 75% 85% 90% 100% 105% 110% 150% Others FKK dan
Teknik MRK
- - 288,862 10,015,416 - - 1,197,762 - - - - 37,817,664
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
1,444,473 - - 2,018,300 - - - 1,647,957 - 129,815 - 8,230,314
1,104,424 - - 1,621,786 98,017 - 518,829 - - - - 3,343,056
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - 9,126,023 - - 4,660,802 - - 12,830,511 1,006,188 -
27,623,525
- - - - - - - - - - - -
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Net Receivables After
the Implementation of
Portfolio Category 50% 100% 150% Others CCF and Credit Risk
Mitigation Techniques
10 Past Due Loans 313,881 1,137,389 624,558 - 2,075,829
Net Receivables
After the
Implementation
Portfolio Category 0% 20% 100% 150% 1250% Others of CCF and
Credit Risk
Mitigation
Techniques
11 Other Assets 3,666,722 - 14,280,574 419,166 - - 18,366,462
Net Receivables of Net Receivables (After the
Net Receivable Statement of Administrative Account Implementation of CCF
No Risk Weight Average CCF
Financial Position Transactions (before the and Credit Risk Mitigation
application of CCF) Techniques)
1 < 40% 133,161,086 1,324,981 17% 133,238,152
2 40%-70% 34,867,318 2,021,952 18% 36,588,787
3 75% 47,184,762 2,107,295 10% 49,292,057
4 85% 10,310,620 1,645,807 23% 11,956,427
5 90%-100% 97,460,665 13,318,864 23% 110,779,529
6 105%-130% 14,238,019 714,535 11% 14,952,554
7 150% 2,112,434 79,151 12% 2,191,584
8 250% 3,373 - - 3,373
9 400% - - - -
10 1,250% - - - -
11 Total Net Receivables 339,338,277 21,212,583 19% 359,002,462
Tabel 5.n. Analysis of Credit Risk Net Receivables due to Failure of Counterparty based on the Used Approach
(in million Rupiah)
Position 31 December 2024
a b c d e f
No. Use of
Potential
Replacement Alpha for Net
future EEPE RWA
cost (RC) regulatory EAD Receivables
exposure (PFE)
calculations
1 SA-CCR (for derivative) 1,140,070 770,439 1,4 2,674,712 1,760,343
2 Internal Model Method (for N/A N/A
derivative and SFT)
3 Simple approach for credit risk N/A N/A
mitigation (for SFT)
4 Comprehensive approach for 1,971,480 28,511
credit risk mitigation (for SFT)
5 VAR for SFT N/A N/A
6 Total 1,788,854
(in million Rupiah)
Position 31 December 2023
a b c d e f
No. Use of
Potential
Replacement Alpha for Net
future EEPE RWA
cost (RC) regulatory EAD Receivables
exposure (PFE)
calculations
1 SA-CCR (for derivative) 843,109 715,590 1,4 2,182,179 1,366,380
2 Internal Model Method (for N/A N/A
derivative and SFT)
3 Simple approach for credit risk N/A N/A
mitigation (for SFT)
4 Comprehensive approach for - -
credit risk mitigation (for SFT)
5 VAR for SFT N/A N/A
6 Total 1,366,380
Qualitative Analysis
Standardized Approach Counterparty Failure Risk has slightly increased from last year, due to an increase in derivative transactions. In 2024 banks started to
introduce a comprehensive method of credit risk mitigation calculation for SFT transactions (such as Repo and Reverse Repo).
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Table 5.o. Quantitative Disclosure of CCR Exposure by Portfolio Category and Risk Weight
(in million Rupiah)
Position 31 December 2024
Risk Weight a b c d e f g h i
Portfolio Total Net
0% 10% 20% 50% 75% 100% 150% Others
Category Receivables
Indonesia
Claims on
Governmet and 478,766 - - - - - - - 478,766
Central Bank
Claims on Public
- - - - - - - - -
Sector Entities
Claims on
Multilateral
Development
- - - - - - - - -
Banks and
International
Institutions
Claims on Other
- - 1,588,235 342,103 - - - 733,249 2,663,587
Banks
Claims on
securities - - - 56,458 1,880 - - - 58,338
companies
Claims on
- - 145 72,300 85,383 1,281,717 - 5,956 1,445,501
Corporations
Claims on Micro,
Small Business
- - - - - - - - -
and Retail
Portfolio
Other Assets - - - - - - - - -
Total 478,766 - 1,588,380 470,861 87,263 1,281,717 - 739,205 4,646,191
(in million Rupiah)
Position 31 December 2023
Risk Weight a b c d e f g h i
Portfolio Total Net
0% 10% 20% 50% 75% 100% 150% Others
Category Receivables
Indonesia
Claims on
Governmet and 132,745 - - - - - - - 132,745
Central Bank
Claims on Public
- - - - - - - - -
Sector Entities
Claims on
Multilateral
Development
- - - - - - - - -
Banks and
International
Institutions
Claims on Other
- - 225,767 98,841 - - - 477,084 801,692
Banks
Claims on
securities - - - - - - - - -
companies
Claims on
- - 35,943 161,986 - 1,030,868 - 18,945 1,247,742
Corporations
Claims on Micro,
Small Business
- - - - - - - - -
and Retail
Portfolio
Other Assets - - - - - - - - -
Total 132,745 - 261,710 260,827 - 1,030,868 - 496,028 2,182,179
Qualitative Analysis
The increase in net receivables was due to an increase in banks net receivables.
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Table 5.p. Net Claims on Credit Derivative
The Bank has no exposure to the related disclosure
Table 5.q. Securitization Exposure in Banking Book
The Bank has no exposure to the related disclosure
Table 5.r. Securitization Exposure in the Trading Book
The Bank has no exposure to the related disclosure
Table 5.s. Securitization Exposure to the Banking Book when the Bank is the Originator or Sponsor and its Capital
Requirements
The Bank has no exposure to the related disclosure
Table 5.t. Securitization Exposure in the Banking Book and Capital Requirement - Bank as investor
The Bank has no exposure to the related disclosure
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Market Risk
Market risk represents the risks due to movements in POLICIES, PROCEDURES, AND
market variables, such as interest rates, exchange rates, ESTABLISHMENT OF LIMITS
and option prices that are detrimental to the Bank in Market risk management is outlined in the form of policies,
its trading book and banking book. Market risk occurs procedures, risk limits, and other related decisions. Limits
in trading activities of foreign exchange, securities, and risk appetite are evaluated periodically in accordance
derivatives, money market instruments, and other with the changes in the Bank’s business environment,
financial instruments. Interest rate risk in banking books including Treasury business strategies and market
can arise from differences in the Bank’s asset and liability developments as well as internal and external regulations.
exposure and interest rate movements that will affect the
Bank’s income and economic value of equity. For effective risk limit control, the Bank establishes a
comprehensive limit structure in accordance with the
Market risk management, particularly risks arising complexity of the activities and takes into account the
from the trading book, is performed by Market Risk Bank’s business objectives and risk tolerance. Market risk
Management (MRM), while risk on the banking book is limits adopted by the Bank include Value at Risk (VaR),
managed by Assets Liabilities Management Risk (ALM) sensitivity (DV01, base DV01, CR01, Vega, NOP), trigger
Risk and Capital & Balance Sheet Management (CBSM) loss, and notional size for certain portfolios. Meanwhile,
Finance. the establishment of limits related to interest rate risk in
the Banking Book (IRRBB) includes Economic Value of
GOVERNANCE Equity (EVE) and Net Interest Income (NII) limits.
To create strong and effective market risk governance,
the Bank implements the strategy of 3 lines of defense THE RISK MANAGEMENT PROCESS
in regulating and managing market risk. Market risk The Bank carries out a series of processes to identify,
management involves the active role of the related measure, monitor, and control the risks arising from the
business units, namely The Trading Origination Function Bank’s functional activities. Risk Management Unit (RMU)
(TOF) of the Treasury Directorate as the first line of plays a role in carrying out this process continuously
defense, followed by Market Risk Management and through its infrastructure development so that the
Asset and Liability Management Risk as the second line. process of managing market risk in the banking book and
In addition, to independently review the adequacy and trading book can be properly performed in accordance
effectiveness of risk governance and internal control, with the maximum risk limits tolerated by the Bank.
Market Risk Management also involves Internal Audit as
the third line. The market risk identification process is conducted,
among others, by analyzing new products (particularly
In addition to the above, active supervision by the Board treasury products) through new product approval
of Directors is carried out through an evaluation process process, which serves as a key control for the Bank
for the implementation of market risk management in identifying inherent market risk in each product to
through the Risk Management Committee (RMC) and ensure that risks can be measured and managed before
the Asset Liability Committee (ALCO). The Management the product is launched. To support a strong market risk
Committee is responsible for managing the Bank’s identification process, the Bank has developed a product
risks, including establishing a framework, strategy, and and activity risk management policy, which governs the
acceptable risk appetite. All market risk control factors proposal, review, and approval process for the Bank’s new
are also submitted to the Risk Oversight Committee (ROC) products and activities.
as part of the active supervisory function of the Board of
Commissioners.
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The market risk management process framework is described as follows:
Risk Control &
Risk Identification Risk Measurement Risk Reporting
Monitoring
Identification of risks Quantification of Continuous risk Risk reporting and
associated with the risks associated with monitoring of the market escalation to facilitate
Bank’s strategy and the bank’s positions risk profile within risk informed risk taking and
new products to be for review, analysis, tolerance limits and management decisions.
launched as well as fund control, and reporting. business activities
placement/investment Methodology used in in accordance with
decisions. risk measurement (VaR, applicable policies.
risk sensitivity, stress
test)
A. MARKET RISK MANAGEMENT FOR TRADING The Bank performs VaR calculations to observe
BOOK PORTFOLIO market risk internally on a daily basis, whereby VaR
The Market Risk Management Unit (MRM) is an measurements are based on a confidence level of
independent unit responsible for monitoring and 99% (ninety-nine percent).
reporting market risk. Breaches of these limits are
reported to the relevant Senior Officers and the For the purpose of calculating the Capital Adequacy
Board of Directors for follow-up. In carrying out its Ratio (CAR), the Bank uses a standard method that
functions, MRM is supported by an adequate market includes calculations for default risk, interest rate
risk management information system, which provides risk, credit spread risk, and exchange rate risk, both
comprehensive and integrated market risk reports, as individual and consolidated with subsidiaries.
well as adequate human resources, both in terms of
quantity and quality. Human resource development is For the purpose of minimum capital calculation
carried out continuously to ensure that competence is using the standard method, the Bank calculates all
consistently maintained. financial instrument positions in the trading book that
are exposed to the risk of default in the securities
In managing market risk for its trading book portfolio, portfolio; interest rate risk includes securities
internally, the Bank adopts sensitivity analysis, which portfolios and other derivatives such as FX Forward,
is a portfolio’s value change due to one independent FX Swap, IRS/CCS, IR Future, etc.; and credit spread
market variable movement, such as DV01 and base risk, which includes all government and corporate
DV01 for interest rate instruments portfolio, net open securities positions. For exchange rate risk, the Bank
position for foreign exchange positions, and Vega for calculates both on- and off-balance sheet positions in
option portfolios. In addition to sensitivity analysis, both trading and banking book portfolios.
the Bank also uses Value at Risk (VaR) calculations in
measuring market risk. The market risk monitoring process is carried out
several stages, which are front-end control and limit
The Value at Risk (VaR) measurement covers a setting. On the front-end control, the dealer acts as
portfolio that includes securities, foreign exchange, the primary observer of market risks arising from
and derivatives instruments. The VaR calculation trading activities and management of the Bank’s
methodology adopted is historical simulation, which assets and liabilities. The dealer must ensure that
is reviewed periodically with the assumptions, open trading positions are in line with the limits that
whereby the return value of an asset in the past is have been determined by management.
used to predict potential future risks. The Historical
Simulation VaR method does not require assumptions MRM performs monitoring over trading limits that
on an asset’s distribution of returns. The valuation exceed thresholds on a daily basis. The setting
method in measuring the fair value of an instrument of threshold serves to limit the concentration of
is carried out by using prices available in the market risk exposure under a particular position, type of
(mark to market) or by using theoretical price risk, type of instrument and/or certain market. The
calculations (mark to model) for non-liquid market threshold setting refers to the Bank’s risk tolerance
conditions. by considering profit targets and risks from trading
activities.
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In the process of controlling its market risk, the Bank In the event that the Bank implements interest rate
implements various portfolio mix strategies that are risk management, the Bank has several options,
aligned with market volatility movements and the including performing a natural hedge against the
Bank’s business objectives. Portfolio management assets that have a longer pricing term by increasing
is carried out through hedging, squaring positions, the number of core CASA, bond issuance, or selling
back-to-back, and other methods that aim to offset a term deposit products with a longer term (above 1
transaction/position with a market risk exposure and year). In addition, the Bank can also hedge the IRRBB
can be used for the risk transfer process. The Bank through various mechanisms, including carrying out
only carries out transactions that are in accordance Interest Rate Swap (IRS) transactions, where the value
with the Bank’s risk appetite and business strategy. and term of the risk being transacted resemble the
exposure value in the banking book. Meanwhile, the
B. INTEREST RATE RISK MANAGEMENT IN accounting treatment for these transactions refers to
BANKING BOOKS the applicable accounting provisions.
The Bank measures and controls interest rate risk
in the banking book, which arises from differences In calculating ∆EVE and ∆NII, commercial margins or
between the timing of interest rates changes and spread components have been taken into account in
cash flows (repricing risk), changes among interest the cash flow, and discounting rates are applied based
rates from several yield curves with different on the risk-free curve. Non-Maturing Deposits (NMD)
positions that affect the Bank’s activities (basis risk), includes current accounts and savings accounts,
changes in interest rates and maturity ranges (yield where the behavioral characteristics of NMD are
curve risk), and interest rates related to options influenced by the type of customer group, such as
embedded in banking book products (option risk). The Retail and Wholesale. Average repricing maturities
Bank measures interest rate risk exposure from both are determined by analyzing historical balance
income and an economic perspective under a range analysis and their sensitivity to interest rate pricing
of potential interest rate scenarios, including stress and also consideration of caps against proportions
conditions. and the average term of core deposits according to
SEOJK IRRBB.
The Bank has established IRRBB policy and
procedures, including mitigation strategies to support The methodology adopted to estimate prepayment
the implementation of interest rate risk management. rate of loans is based on a simple average of historical
ALM Risk performs an internal control function over monthly prepayments against total portfolio value
interest rate risk in the banking book by monitoring over the last 12 (twelve) months. However, the credit
IRRBB exposures, which must comply with the Bank’s portfolio’s prepayment risk is relatively immaterial
limits and risk appetite using the EVE measurement because the average pricing term is not excessively
method. CBSM Finance performs NII measurement long, and there are inherent mitigations, such as
functions based on the Bank’s internal projections. significant penalties.
IRRBB calculations is carried out monthly by The same thing also applies to early withdrawals of
taking into account the provisions set forth in OJK time deposits, which have mitigations in place to
circular letter No. 12/SEOJK.03/2018, concerning minimize the early withdrawal rate. The impact of this
the Implementation of Risk Management and early withdrawal on the IRRBB is minimal since the
Measurements of Standard Approach for Interest majority of term deposits have a short tenor (1 month).
Rate Risk in the Banking Book for Commercial Banks;
Sensitivity assessment to IRRBB is carried out using The total calculation of ∆EVE and ∆NII is the result
the interest rate sensitivity factor, which is a more of aggregation of currencies that are included in the
detailed and technical proxy for managing IRRBB significant currency category. Currently, there are
exposure. Rupiah and USD currencies which are included in the
significant currency category.
Shock scenarios used in calculating IRRBB using
the EVE method include 6 (six) scenarios, which are The average period of repricing maturity for core of
parallel up, parallel down, steepener, flattener, short Non-Maturing Deposits (NMD) is 3.5 years for both
rate up, and short rate down. Meanwhile, calculations Wholesale and Retail segments. While the longest
for the NII method apply 2 (two) scenarios, which are period for repricing maturity applied to Non-Maturing
parallel up and parallel down. Deposit (NMD) is 5 years.
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BACKTESTING INTERNAL CONTROL
This method is carried out by comparing VaR calculations Periodic reviews are conducted to ensure the adequacy
with the historical actual losses using the Verification of applicable policies and procedures. The assessment of
Based on Failure Test Model, which calculates the number the adequacy of policies, procedures, and implementation
of observations in which the value of losses exceeds the is carried out by an independent party, which is the
VaR for portfolios during the observation period. This Internal Audit Unit (IA), and subsequently submitted to
model is more historical and non-parametric. If an excess the management and the Audit Committee for further
is found above the acceptable error rate, then there is a follow-up. Information related to market risk exposure is
possibility that the VaR model is inaccurate. The results consolidated and reported by the unit in charge of finance
of backtesting are also reported periodically to RMC. and accounting.
The model used for risk assessment is validated on a IA conducts regular review of market risk management by
regular basis, at least once a year, or if there are changes at least once a year. The review includes activities carried
to the model, structural and significant market changes, out by the Market Risk Control Unit and operational
or changes in portfolio composition that causes the model business units related with market risk management,
to be unable to measure all material market risk factors, including:
or if the model is no longer relevant. a. Adequacy of documentation of market risk
management (including internal models).
STRESS TESTING b. Approval process for significant changes in market
The Bank periodically carries out stress testing to risk management.
estimate potential losses in abnormal market conditions to c. Integrity of market risk management information
identify the sensitivity of Treasury performance towards systems.
changes in risk factors and to identify influences that d. The market risk control unit’s organization, including
have a significant impact on the Bank’s portfolio. As for duties and responsibilities, independency, and
the implementation of stress testing, risk measurement adequacy of human resources.
systems must be flexible enough to facilitate various e. Integration of market risk measurement into daily risk
types of scenario, including the largest historical market management processes.
moves. The assumptions used in stress testing must be f. Coverage of financial products or instruments
carefully developed to test the trends in the Treasury exposed to market risk that use internal models.
portfolio. g. Verification of consistency, timeliness, independency,
and reliablity of data sources used in the internal
Stress testing is conducted quantitatively, including models.
identifying various possible crisis scenarios that could h. Accuracy and completeness of data for risk
have a negative impact to the bank, including earnings assessment.
and capital. Stress testing is carried out on all trading i. Internal approval process for using assessment
book portfolios that are exposed to interest rate risk as models/methods (valuation).
well as the trading book and banking book portfolios j. Accuracy of valuation results.
that are exposed to exchange rate risk by taking into k. Accuracy and feasibility of various volatility and
account market risk aspects and liquidity aspects with correlation assumptions.
the assumption that market disturbances occur. Stress l. Verifying internal validation and backtesting
testing scenarios include parallel and non-parallel processes.
movements of relevant risk factors.
IA is responsible for documenting all review reports
yhat has been carried out and submit reports on the
implementation of the internal audit function to the Board
of Directors and Board of Commissioners.
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Table 6.a. Disclosure of Risk-Weighted Assets for Market Risk Using the Standard Approach (MR1)
i. Bank Only
(in million Rupiah)
Standard Approach Capital Charge
Risk
T-1 Position T Position
GIRR Risk Class 368,520 454,164
CSR Risk Class (non-securitization) 435,852 407,804
CSR Risk Class (securitization: non-CTP) - -
CSR Risk Class (securitization: CTP) - -
Equity Risk - -
Commodity Risk - -
Foreign Exchange Risk 92,360 138,257
DRC - non-securitization 7,194 4,646
DRC - securitization non-CTP - -
DRC - securitization CTP - -
RRAO 55 6
Total 903,980 1,004,876
ii. Bank Consolidated with Subsidiaries
(in million Rupiah)
Standard Approach Capital Charge
Risk
T-1 Position T Position
GIRR Risk Class 370,426 454,164
CSR Risk Class (non-securitization) 438,684 407,804
CSR Risk Class (securitization: non-CTP) - -
CSR Risk Class (securitization: CTP) - -
Equity Risk - -
Commodity Risk - -
Foreign Exchange Risk 92,360 138,257
DRC - non-securitization 9,987 4,646
DRC - securitization non-CTP - -
DRC - securitization CTP - -
RRAO 55 6
Total 911,511 1,004,876
Additional Disclosures (qualitative)
The Bank adopts the Standard Method Approach in calculating its Market Risk RWA in accordance with the framework of SEOJK Number 23/
SEOJK.03/2022 concerning Calculation of RWA for Market Risk for Commercial Banks, starting from the January 2024 reporting period. The
components of the market risk capital charge cover:
- General Interest Rate Risk (GIRR) risk class; for all interest rate risk exposures in the trading book category;
- Non-securitization Credit Spread Risk (CSR) risk class; for all credit spread risk exposures in the trading book category;
- Exchange Rate risk class; in both the trading book and banking book categories;
- Non-securitization Default Risk Charge (DRC) for all default risk exposures of issuers of securities in the trading book category.
- RRAO risk class for residual risk exposures of instruments in the trading book category.
In the December 2024 reporting period, the main components of Market Risk ATMR are in the GIRR risk class and non-securitization CSR
risk, with a contribution of 86% to the total ATMR (excluding CVA components) of the Bank’s market risk. Meanwhile, the Total Capital Charge
for the Market Risk Standard Approach in December 2024 increased to Rp1 trillion from Rp0.9 trillion in June 2024. This increase was mainly
contributed by an increase in delta and vega sensitivity exposures in the GIRR risk class in the IDR and USD currency risk buckets, as well as
an increase in delta sensitivity exposures in the exchange rate risk class in the main currency risk buckets such as USD, JPY, AUD, and SGD.
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Table 6.b. Disclosure of Risk-Weighted Assets for Market Risk Using the Simplified Standard Approach (MR3)
The Bank adopts the standardized method of RWA calculation.
Table 6.c. Qualitative Information Disclosure Related to CVA (CVAA)
CVA risk is the risk of loss arising from changes in CVA value as a result of changes in counterparty credit spreads and
market risk factors that affect transaction prices. The Bank calculates CVA exposure for derivative transactions made
with counterparties. The Bank uses a simplified basic CVA approach (BA-CVA) in accordance with the framework of
SEOJK Number 23/SEOJK.03/2022 concerning Calculation of RWA for Market Risk for Commercial Banks.
Table 6.d. Simplified BA-CVA Disclosure (CVA1)
i. Bank Only
(in million Rupiah)
(RWA) for
Component
BA-CVA
a b
Aggregation of Systematic CVA Risk Components 288,237
Aggregation of Idiosyncratic CVA Risk Components 177,152
Total 1,710,256
ii. Bank Consolidated with Subsidiaries
(in million Rupiah)
(RWA) for
Component
BA-CVA
a b
Aggregation of Systematic CVA Risk Components 288,237
Aggregation of Idiosyncratic CVA Risk Components 177,152
Total 1,710,256
Additional Disclosures (qualitative)
The Bank uses the Simplified Basic Approach in calculating RWA CVA in accordance with the framework of SEOJK Number 23/SEOJK.03/2022
concerning the Calculation of RWA for Market Risk for Commercial Banks, starting from the January 2024 reporting period. In managing the
potential risk of counterparty default, the Bank applies a cash collateral mechanism for certain types of counterparties based on its internal
assessment.
REPORT OF RISK MANAGEMENT IMPLEMENTATION RELATED TO INTEREST RATE RISK IN THE
BANKING BOOK
Tabel 7.a. Disclosure on Exposure of Quantitative Interest Rate Risk in the Banking Book (IRBBB) - Bank Only
RISK CALCULATION REPORT
Bank Name : PT Bank CIMB Niaga Tbk (Bank Only)
Reporting Position : 31 December 2024
Mata Uang : Rp and USD
In Million Rupiah ∆EVE ∆NII
December December December December
Period
2024 2023 2024 2023
Parallel up 702,858 173,873 756,153 684,586
Parallel down -997,238 -363,914 -1,268,297 -1,457,745
Steepener 818,206 543,458
Flattener -579,421 -473,652
Short rate up -118,990 -267,647
Short rate down 51,719 238,188
Negative Maximum Value (absolute) 997,238 473,652 1,268,297 1,457,745
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 48,038,315 43,302,143 13,353,900 12,984,594
Maximum Value divided by Tier 1 Capital (for ΔEVE) 2.08% 1.09% 9.50% 11.23%
or Projected Income (ΔNII)
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Tabel 7.b. Disclosure on Exposure of Quantitative Interest Rate Risk in the Banking Book (IRBBB) -
Bank on a Consolidated Basis with Subsidiaries
Bank Name : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : 31 December 2024
Mata Uang : Rp and USD
In Million Rupiah ∆EVE ∆NII
December December December December
Period
2024 2023 2024 2023
Parallel up 474,257 14,648 691,919 650,552
Parallel down -787,468 -219,401 -1,214,801 -1,432,775
Steepener 935,105 631,166
Flattener -750,766 -599,087
Short rate up -257,751 -356,058
Short rate down 184,070 322,120
Negative Maximum Value (absolute) 787,468 599,087 1,214,801 1,432,775
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 50,821,659 45,804,024 14,365,418 13,909,943
Maximum Value divided by Tier 1 Capital (for ΔEVE) 1.55% 1.31% 8.46% 10.30%
or Projected Income (ΔNII)
Qualitative Analysis
The bank measures and controls the interest rate risk in the banking book arising from the difference between the time changes of interest rates and
cash flows (repricing risk), changes in interest rate correlation of several yield curves with different positions affecting the bank’s activity (risk base),
changes of the interest correlations at the maturity range (yield curve risk), and interest rates related to options embedded in the product banking
books. (option risk). Banks measure interest rate risk exposures from both income and economic perspectives below the probability range of potential
interest rate scenarios, including stress conditions.
Banks have IRRBB policies and procedures, including mitigation strategies in support of the implementation of interest rate risk management. ALM Risk
performs the function of internal control over interest rate risk in the banking book, i.e. through the monitoring of IRRBB exposures that must comply
with the limit and risk appetite of the Bank using the EVE measurement method. CBSM Finance performs NII measuring functions based on the Bank’s
internal projections.
The calculation is carried out on a monthly basis, taking into account the provisions set forth in the OJK publication No.12/
SEOJK.03/2018 regarding the risk measuring guidelines of approach to standard interest risk in banking books for general banks.
The interest rate shock scenario used in the calculation of the IRRBB using the EVE method is 6 scenarios, namely parallel up, parallel down,
steepener, flattener, short rate up and short rate down.
In the case of the Bank performing interest rate risk management, the Bank has several options among others, Bank can perform
natural hedge against the assets of Bank that has long position through bonds issuance or sell the product of Futures Deposito which
has a longer tenor (tenor 1 year), besides the Bank can also perform hedging on IRRBB through various mechanisms among others
by performing the interest rate swap (IRS), where the value as well as the tenor risk traded resembles the value of the exposure
in the banking book. Meanwhile, the accounting treatment of such transactions refers to the applicable accounting provisions.
In the calculation of ∆EVE and ∆NII, the commercial margin or spread components have been taken into account in cash flows and the discount
interest rate used based on the risk-free curve.
Non-Maturing Deposits (NMDs) include Giro and Savings products, where the behavioral characteristics of such NMDs are influenced by the type of
customer groups, such as Retail and Wholesale. Determination of repricing maturity averages based on analysis of historical balance and sensitivity
to interest rate pricing and consideration of caps against proportions and against the average time period of core deposits according to IRRBB SEOJK.
Methodology used to estimate the prepayment rate of a loan based on the simple average method of historical monthly prepayments against the total
value of the portfolio over the last 12 months. However, the prepayment risk of the credit portfolio is relatively insignificant due to the inherent mitigation
of such significant penalties.
The same applies to early withdrawal of futures deposits where there is mitigation to minimize the number of early withdraws from futures. (1 bulan).
The calculation of the total ∆EVE and ∆NII is an aggregation of currencies that belong to the category of significant currency.
Quantitative Analysis
The average time period of repricing maturity applied to the Core of Non-Maturing Deposits (NMD) is 3.5 years for both Wholesale and Retail
segmentation. The longest time period applied for non-maturing deposits is 5 years.
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Highlights Report Profile Discussion & Analysis Management
Liquidity Risk
Liquidity risk represents the risk that arises from the All liquidity risk control factors are also submitted to the
Bank’s inability to meet maturing liabilities from cash Risk Oversight Committee (ROC), which serves as the
flow funding and/or high-quality liquid assets that can be Board of Commissioners’ active supervisory function. The
liquidated and/or pledged without disrupting the Bank’s Board of Commissioners plays an active role in approving
financial activities. The Bank has established a liquidity the Liquidity Risk Management Policy, which includes the
risk management framework that includes policies, Contingency Funding Plan.
procedures, risk limit measurement and monitoring along
with the implementation governance. The liquidity risk POLICIES, PROCEDURES, AND
carries out control, monitoring, and escalation functions ESTABLISHMENT OF LIMITS
for liquidity risk management independently. Liquidity CIMB Niaga has implemented adequate liquidity risk
management, including strategy and planning, is management policies and procedures, including Liquidity
conducted together with the Treasury Directorate/related Risk Management Policies, Escalation Procedures,
Business Units and the Finance Directorate based on the Indicator Calculation Methodologies, and a Contingency
mandate from the Asset Liability Committee (ALCO). Funding Plan. These policies were developed by the
Liquidity Risk unit in collaboration with other related
GOVERNANCE business units. In line with the liquidity risk policy, a three-
The Bank implements liquidity risk management level risk policy structure has been set up to facilitate the
governance with a three line of defense strategy that effective implementation of the liquidity risk management
involves related business units, risk management units, framework, specifically by categorizing various types
and internal audits. Liquidity risk management is carried of policies, risk limits, or Management Action Triggers
out centrally (pooling), with active involvement from (“MAT”), and liquidity risk management procedures or
the Treasury Money Market, Funding Unit, and Capital technical guidelines. Liquidity risk limits and parameters
Balance Sheet Management. The independent Internal are established in accordance with the risk appetite level,
Audit Unit (IA) assesses the adequacy of policies and including those based on liquidity gap analysis in normal
their implementation and reports the results to the and crisis conditions, the Liquidity Coverage Ratio (LCR),
Management and Audit Committee. and the Net Stable Funding Ratio (NSFR). This risk limits
are set through risk limits in accordance with internal risk
The Board of Directors manages the Bank’s balance tolerance and regulatory provisions, taking into account
sheet through the Asset Liability Committee (ALCO), by the Bank’s business strategy, business plan projections,
observing liquidity risk in accordance with the acceptable historical experience, market conditions, financial
risk limits and optimizes the Bank’s performance through conditions, and the bank’s funding capacity.
Net Interest Income. The Board of Directors is responsible
for implementating this strategy by conducting regular FUNDING STRATEGY
evaluations on the implementation of liquidity risk The Bank prioritizes the growth of cheaper and stable
management through ALCO meetings. Furthermore, third-party funds like savings and current accounts.
ALCO is responsible for endorsing the Bank’s liquidity risk This strategy is consistent with the efforts to improve
management policy, approving risk tolerance levels, and digital banking functions, which focus on the ease of
other important procedures related to the Bank’s liquidity transactions and management of customer portfolios
risk management and profile. The Bank determines the within the Bank, whether it is for funding products, loans,
level of internal risk tolerance by referring to the limits investments, or other financial transactional activities
set by the Regulator. Based on the Regulator’s provisions, such as payments, cash management, and other services.
the Liquidity Risk unit performs scenario analysis and These comprehensive banking services are expected to
simulations, and taking into account internal and external increase the number of customers, improve customer
factors, to determine internal limits to be submitted to experience, provide stable funds, and consistently reduce
ALCO for approval. Banks maintain more conservative the risk of large, expensive, and volatile concentrated
internal risk limits to in order to always comply with the funds.
limits set by the Regulator. Based on these internal limits,
an escalation mechanism will be established up to the This strategy will gradually increase core funding and
Board of Directors to allow corrective actions to be taken fee based income from operational and transactional
quickly. The liquidity risk profile is reported to ALCO, activities, as well as simplify asset and liability
Senior Management, and regulators periodically and ad- management, giving the Bank a solid and long-term
hoc if necessary. balance sheet structure.
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Report Governance Responsibilities Corporate Data Statement
RISK MANAGEMENT PROCESS
The Bank manages liquidity risk through a series of processes, starting from identification, measurement, monitoring,
and control of risks arising from both on- and off- balance sheet exposures. The internal liquidity risk factor is derived
from the maturity profile of assets and liabilities, and also takes into account changes in the maturity behavior profile
that occur due to customer needs or product pricing considerations, such as early withdrawal/payment and rollover.
Liquidity risk management also takes into account external factors such as market liquidity conditions, exchange
rate fluctuations, market interest rates, foreign capital, and general macroeconomic conditions. As a result, liquidity
management will be optimal under normal conditions and will be resilient during crisis conditions.
The Bank identifies liquidity risks, among other things, by analyzing and approving new products and conducting periodic
product reviews. This step is a key control for the Bank in identifying the inherent liquidity risk factors in each product,
which will be considered and mitigated before the product is launched. To support the appropriate risk identification
process, the Bank has developed risk management policies for products and activities, which govern the application,
review, and approval process for new products and activities.
Active Supervision of the Board of Directors (RMC) and Board of Commissioners (ROC)
Risk Risk Control & Risk
Identification Measurement Risk Control Reporting
& Limits
Identify liquidity risk • Liquidity Gap under Controls are in place Timely liquidity risk
factors derived from normal (BaU) and to ensure risks are reporting as a basis
On Balance sheet and crisis/stress conditions managed within for business decision
Off Balance sheet • Liquidity Coverage limits and can be making by balancing
positions, namely line of Ratio (LCR) escalated according to risk and return targets.
business classification • Net Stable Funding procedures. There are
(wholesale, SME, Retail), Ratio (NSFR) a series of strategies to
currency and significant • Early Warning control risk exposure
exposures, contractual Indicator-Other within the risk appetite.
maturity and behavioral liquidity ratios/
maturity indicators
Policies and Methodologies including Contingency Funding Plan, and Systems as well as Internal Controls
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Table 8.a. Quantitative Disclosure of LCR (Bank Only and Consolidated)
CALCULATION REPORT
REQUIREMENT TO MEET THE QUARTERLY LIQUIDITY COVERAGE RATIO
Bank Name : PT Bank CIMB Niaga Tbk
Reporting Position : 31 December 2024
INDIVIDUAL
December 2024
HQLA value after haircut
No: Component or Outstanding liabilities
Value Asset/Liabilities and commitments
and Commitment and multiplied by run-off rate
Contingent or Contractual billing
value multiplied by inflow
rate
1 Number of data for average calculation 64 points of daily and
month end average
HIGH QUALITY LIQUID ASSET (HQLA)
2 Total High Quality Liquid Asset (HQLA) 99,174,731
CASH OUTFLOWS
3 Individual Deposit and SME Deposit, consisting of:
a. Stable Deposits 57,434,654 2,871,733
b. Unstable Deposits 26,534,900 2,653,490
4 Wholesale Deposit, consisting of:
a. Operational deposits 63,281,186 14,963,947
b. Non-operational deposits and/or liabilities which are non operational 48,238,716 25,750,598
c. bonds issued (unsecured) 193,875 193,875
5 Secured funding 15,352,701 0
6 Additional requirement cash outflow, consisting of;
a. derivative cash outflow 27,122,404 27,122,404
b. cash outflow due to an increased in liquidity demand 0 0
c. cash outflow due to loss of funding 0 0
d. cash outflow due to withdrawal from credit facility and liquidity facility 15,910,067 1,856,252
e. cash outflow due to contractual obligation on channeling funds 0 0
f. cash outflow due to contingency 77,950,243 128,722
g. contractual cash outflow 426,947 426,947
7 TOTAL CASH OUTFLOWS 75,967,968
CASH INFLOWS
8 Deposit with Secured lending collateral 474,676 0
9 Inflows from fully performing exposures 9,024,934 3,419,702
10 Contractual cash inflow 29,526,087 29,274,806
11 TOTAL CASH INFLOWS 39,025,696 32,694,508
TOTAL ADJUSTED VALUE1
12 TOTAL HQLA 99,174,731
13 TOTAL NET CASH OUTFLOWS 43,273,459
14 LCR (%) 229.18%
¹ Adjusted value was calculated after haircut, run-off rate and inflow rate also limit maximum for HQLA, such as max. HQLA Level 2B and Level 2. Threshold for maximum inflow
that can be recognized is 75% from outflow also has been considered.
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(in million Rupiah)
CONSOLIDATED
September 2024 December 2024 September 2024
HQLA value after haircut HQLA value after haircut HQLA value after haircut
or Outstanding liabilities or Outstanding liabilities or Outstanding liabilities
Value Asset/Liabilities and commitments Value Asset/Liabilities and commitments Value Asset/Liabilities and commitments
and Commitment and multiplied by run-off rate and Commitment and multiplied by run-off rate and Commitment and multiplied by run-off rate
Contingent or Contractual billing Contingent or Contractual billing Contingent or Contractual billing
value multiplied by inflow value multiplied by inflow value multiplied by inflow
rate rate rate
66 points of daily and 67 points of daily and 69 points of daily and
month end average month end average month end average
100,548,113 99,026,075 100,816,391
57,191,555 2,859,578 57,428,646 2,871,432 57,196,956 2,859,848
27,907,539 2,790,754 26,531,511 2,653,151 27,907,895 2,790,789
62,291,239 14,721,691 63,166,031 14,935,413 62,266,600 14,715,671
44,458,729 23,754,674 47,746,061 25,192,199 44,122,892 23,330,420
143,000 143,000 202,771 202,771 136,783 136,783
13,565,369 0 15,380,951 0 13,463,650 0
21,238,246 21,238,246 27,260,888 27,260,888 21,343,095 21,343,095
0 0 0 0 0 0
0 0 0 0 0 0
18,165,978 2,150,913 15,886,267 1,852,345 18,150,724 2,148,283
0 0 1,326,704 1,326,704 2,751,195 2,751,195
72,164,346 117,423 77,946,254 129,155 72,289,652 117,966
502,593 502,593 473,189 473,189 527,880 527,880
68,278,872 76,897,247 70,721,930
558,989 0 464,882 0 554,983 0
9,409,023 3,578,517 9,322,722 3,568,217 9,771,809 3,750,121
23,682,764 23,396,252 29,672,463 29,420,144 23,782,482 23,498,519
33,650,775 26,974,769 39,460,068 32,988,362 34,109,273 27,248,640
TOTAL ADJUSTED VALUE1 TOTAL ADJUSTED VALUE1 TOTAL ADJUSTED VALUE1
100,548,113 99,026,075 100,816,391
41,304,102 43,908,886 43,473,291
243.43% 225.53% 231.90%
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Highlights Report Profile Discussion & Analysis Management
Individual Analysis
Bank CIMB Niaga keeps LCR figure above the limit set by the Regulator (OJK) and refers to the provisions stipulated by the regulator. Monitoring
of this liquidity ratio is conducted intensively, both through reports prepared by the SKMR team to Management on a daily basis and discussions
in ALCO meetings. For the calculation of the average for the fourth quarter of 2024 Individual, we use 64 daily data for each LCR component
figure, get the average, and enter the averaged figure into the LCR calculation formula. In the fourth quarter of 2024, the average LCR Individual
figure was 229.18%, down 14.25% compared to the average for the third quarter of 2024 which was 243.43%.
This average decrease in LCR was influenced by an increase in the average weighted value of Net Cash Outflow while on the other hand there
was a decrease in the average weighted value of HQLA. The average Net Cash Outflow increased by eq. Rp1.97 trillion while on the other hand
HQLA decreased by eq. Rp1.37 trillion.
The decrease in the average HQLA by eq. Rp1.37 trillion after the majority weight occurred in the decrease in the average Placement with Bank
Indonesia
by eq. Rp1.46 trillion, the average Cash and Cash Equivalents by eq. Rp27 billion and a decrease in the average total Securities category HQLA
Level 2A with a total of eq. Rp210 billion or eq. Rp178 billion after weight, but on the other hand there was an increase in the average Government
Bonds by eq. Rp235 billion. This decrease in HQLA was allocated to Loans that were distributed on average which increased from the third
quarter to the fourth quarter, by eq. Rp7.23 trillion supported by the increase in Deposits on average which increased from the third quarter to
the fourth quarter, by eq. Rp5.01 trillion and from Interbank Loans which experienced an average increase in the fourth quarter of eq. Rp1.65
trillion.
The increase in Net Cash Outflow on average in the fourth quarter of 2024 was due to an increase in Deposits received by Banks, where public
deposits grew by eq. Rp5.01 trillion and Deposits from other Banks by eq. Rp1.65 trillion which will automatically increase the Outflow or Net
Cash Outflow in the LCR calculation. In addition, there was a shift in Deposits from Individual Customers to Corporate Deposits, as seen in the
increase in Operational and Non-Operational Corporate Deposits that will mature within an average of 30 days by eq. Rp3.97 trillion or eq. Rp1.44
trillion after the weight that replaces the decrease in the average Deposits from Individual Customers by eq. Rp1.24 trillion or eq. Rp267 billion
after the weight. In addition to the impact of the transfer of Individual Customer Deposits, the increase in Net Cash Outflow was also contributed
by an increase in the average Deposits from other entities or Deposits from other Banks which have a weight of 100% of eq. Rp801 billion.
In terms of Cash Inflow, there was a decrease in the average Receivables (Cash Inflow from Loans disbursed) from each Counterparty of eq.
Rp384 billion or eq. Rp159 billion after the weight that contributed to the increase in Net Cash Outflow that occurred.
The Bank continues to develop mobile banking products (OCTO Mobile, OCTO BizChannel, OCTO Clicks, and others) which aim to
increase transactional accounts, including the feature that allows the opening of Savings and Deposits accounts via mobile banking so
customers can carry out banking activities more easily and safely. The Bank provides education and offers a comprehensive array of funding/
deposit products with longer tenors. This product and services expansion should allow for stable and continuous long-term deposit growth.
Optimal Asset and Liability Management is run by continuing to refer to the Liquidity Risk Management framework that has been implemented
by Management through the Risk Management Work Unit with the principle of prudence. This aligns with the guidelines that the has continued
to follow which spells out that customer interests always come first and that the their trust is the Bank’s main asset. The development of
excellent products and services that can meet the needs of the community continues to be carried out. The objective is to make CIMB Niaga
Bank the bank of choice for the community. CIMB Niaga Bank also continues to strive to refine and complete its existing e-channel features that
facilitate customers in making transactions independently in the most secured way.
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Consolidated Analysis
The quarterly calculation of the average consolidated value uses the same method as the calculation of average LCR figure for Bank Only with 3
additional figures for the end-of-month position of the LCR component from the subsidiary. In the calculation of the monthly consolidated LCR,
the subsidiary data only uses the end-of-month position. This reason is regulators have not made it compulsory for subsidiaries calculate LCR.
In addition, the Consolidated LCR figure is more dominated by the movement of the parent company since subsidiaries have relatively smaller
assets in comparison with the parent company or Bank Only.
Along with the decline in the average LCR individually, the consolidated average LCR figure for the fourth quarter of 2024 was 225.53% or
decreased by 6.38% compared to 231.90% in the previous year. The decline mostly came from the movement of the Bank’s LCR individually.
In comparison to the average Individual LCR, the addition of the Subsidiary component makes the average Consolidated LCR lower by 3.67%
from the average Individual LCR. This is because the two existing subsidiaries are not required to manage large amounts of HQLA but rather
to maintain adequate cash inflow and outflow. The difference in the Consolidated LCR figures in the fourth quarter is slightly smaller than the
previous quarter when compared to the Individual LCR because the Subsidiaries managed to extend some of their obligations to >30 days,
including issuing SUKUK, extending the term of obligations and so on. The liabilities managed are mostly in the form of long-term working
capital loans to be distributed in the form of loans to end users. Maturity obligations are in the form of loan installments to creditors which are
adjusted to the cash inflow of installments received from the loans distributed. Individually, the Subsidiaries are supervised and monitored
separately by the Regulator with indicators that have been set in accordance with the business model adopted. The Parent Company always
ensures that the Subsidiaries always comply with the provisions set by the Regulator in accordance with applicable regulations.
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Table 8.b.1. Quantitative Disclosure of NSFR - Bank Only
NSFR REPORT
Bank Name : PT Bank CIMB Niaga Tbk (Bank & Subsidiaries)
Reporting Position : 31 December 2024
September 2024
Carrying Value Based on Remaining Maturity
No. Component ASF
≥ 6 months -
Non Maturiy < 6 months
< 1 year
1 Capital: 52,585,887 83,000 -
2 Capital based on Regulator Requirement: 52,585,887 83,000 -
3 Other capital instruments - - -
4 Deposit from Retail and SME 70,189,354 42,259,909 5,434,928
5 Stable deposits 51,580,706 14,993,668 1,006,147
6 Less stable deposits 18,608,648 27,266,241 4,428,780
7 Deposit from Wholesale 82,660,716 40,682,059 949,148
8 Operational deposits 59,132,512,37 - -
9 Other Deposit 23,528,203,79 40,682,059 949,148
10 Liabililties that have interdependent asset pairs - 11,975,131 -
11 Liabilities and other equity: 879,694 19,581,830 -
12 NSFR liabilities derivative - -
13 Equity and other liabilities that do not fall into the above categories 879,694 19,581,830 -
14 Total ASF
Component RSF
15 Total HQLA for the calculation of NSFR
16 Deposits on other financial institutions for operational purposes 3,021,877 - -
17 Loans with Current and Special Performance (performing) - 32,750,304 22,987,424
18 to financial institutions that are guaranteed with Level 1 HQLA - 497,141 980,601
19 to a guaranteed financial institution not with HQLA Level 1 and a loan to an - 5,355,685 763,300
unsecured financial institution
20 to non-financial corporations, retail customers and micro and small business - 23,582,079 18,540,362
customers, the central government, the governments of other countries, Bank
Indonesia, central banks of other countries and public sector entities, including:
21 qualify for a weighted risk of 35% or less, in accordance with SE OJK ATMR for - 156,208 147,729
Credit Risk
22 Unsecured home mortgage loans, which include: - 963,853 959,856
23 qualify for a weighted risk of 35% or less, in accordance with SE OJK ATMR for - 1,278,037 1,279,077
Credit Risk
24 Securities with Current and Undercurrent (performing) categories that are not being - 917,300 316,499
pledged, do not default, and are not included as HQLA, including exchange-traded
shares
25 Assets that have interdependent liability pairs - - -
26 Other assets: - 5,489,913 70,556
27 Physical commodities traded, including gold -
28 Cash, securities and other assets recorded as an initial margin for derivative contracts - -
and cash or other assets that are deposited as default funds at central counterparty
(CCP)
29 NSFR asset derivative - -
30 NSFR liability of derivative before deducting with variation margin - -
31 All other assets that do not fall into the above categories - 4,929,714 70,556
32 Administrative Account - - -
33 Total RSF
34 Net Stable Funding Ratio (%)
¹ Components reported in the non-term category are components that do not have a contractual period, including:
Permanent (perpetual) capital instruments, short positions, open maturity positions, demand deposits, equity that are not included in the HQLA and commodity categories
352 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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(in million Rupiah)
December 2024
Ref. No. from
Carrying Value Based on Remaining Maturity
Total Weighted Total Weighted NSFR Working
Value ≥ 6 months - Value Sheet
≥ 1 year Non Maturiy < 6 months ≥ 1 year
< 1 year
75,000 52,660,887 53,272,008 - 75,000 - 53,272,008
75,000 52,660,887 53,272,008 - 75,000 - 53,272,008 1,1
1,2
- - - - - - - 1,3
19,134,894 128,609,692 69,212,293 42,302,913 5,463,261 18,288,779 126,917,820 2
3
609,698 64,811,194 51,276,708 14,797,024 894,686 590,461 64,210,457 2,1
3,1
18,525,196 63,798,498 17,935,585 27,505,890 4,568,575 17,698,318 62,707,363 2,2
3,2
1,660,099 48,303,828 86,596,273 47,203,010 1,013,491 1,584,020 47,513,282 4
- 29,566,256 53,535,974 - - - 26,767,987 4,1
1,660,099 18,737,572 33,060,299 47,203,010 1,013,491 1,584,020 20,745,295 4,2
- - - 11,288,963 - - - 5
- 879,694 1,536,636 14,271,086 - - 1,536,636 6
- - - - 6,1
- 879,694 1,536,636 14,271,086 - - 1,536,636 6,2 s,d, 6,5
230,454,100 229,239,746 7
4,357,937 4,403,874 1
- 1,510,938 2,410,321 - - - 1,205,161 2
162,402,617 152,861,468 - 39,585,263 16,389,152 170,837,437 161,312,711 3
- 540,014 - 1,613,264 - - 161,326 3,1,1
5,079,459 6,264,461 - 4,502,556 1,270,227 7,186,990 8,497,487 3,1,2
3,1,3
117,190,267 112,675,378 - 30,266,079 12,373,677 122,650,166 118,635,082 3,1,4,2
3,1,5
3,1,6
1,905,475 1,390,527 - 192,016 180,313 2,161,991 1,591,458 3,1,4,1
17,880,283 16,160,096 - 929,568 923,378 17,279,204 15,613,796 3,1,7,2
16,797,645 12,197,026 - 1,305,137 1,290,235 16,866,650 12,261,008 3,1,7,1
3,549,489 3,633,965 - 776,643 351,322 4,692,436 4,552,553 3,2
- - - - - - - 4
28,009,423 29,023,417 - 3,495,061 199,638 27,339,903 28,032,606 5
5,1
- - - - - - 5,2
560,200 560,200 - - 288,501 288,501 5,3
- - - - - - 5,4
28,009,423 28,463,217 - 3,206,560 199,638 27,339,903 27,744,104 5,5 s,d, 5,12
111,088,876 1,118,584,53 - - - 112,428,723 1,161,812 12
188,872,344 196,116,163 13
122.02% 116.89% 14
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Individual Analysis
Bank CIMB Niaga keeps the NSFR figure within the limits set by the Regulator (OJK) and refers to the provisions set by the regulator. The NSFR figure
for December 2024 was at 116.89%, still above the limit set by the regulator.
The NSFR figure in December 2024 decreased by 5.13% compared to September 2024 which was 122.02%.
The main factors affecting the calculation of NSFR:
The decrease in NSFR in December 2024 compared to September 2024 was due to an increase in the RSF value, accompanied by also a decrease in
the ASF value. RSF increased mostly as Disbursed Loans grew while ASF decreased due to the shift in the quality of Deposits under management.
ASF: The decrease in ASF was mostly due to a decrease in total Public Deposits of eq. Rp45 trillion after weighting, although before being weighted,
total Deposits actually increased by eq. Rp4.60 trillion. This is because the increase in existing Deposits occurred in Deposits that mostly have an ASF
weight of 0%, namely Non-Operational Corporate Deposits and Deposits of Financial Services Institutions without a term and <6 months, while on the
other hand there was a decrease in Deposits that have an ASF weight of 50% - 95%, namely Operational Corporate Deposits or Retail Deposits which
have a weight of 90-95%.
Individual and SME Deposits decreased by eq. Rp1.75 trillion and Operational Corporate Deposits decreased by eq. Rp5.95 trillion. This decrease in
deposits was replaced by Non-Operational Corporate Deposits from Non-Financial Companies of eq. Rp11,800 trillion, of which eq. Rp7.74 trillion was
Non-Operational Corporate Deposits without a term. In addition, there was an increase in Deposits from Financial Institutions with a total of eq. Rp3.58
trillion, of which eq. Rp2.61 trillion in the form of Loans Received by the parent bank, namely Banker Acceptance with a term of 34 days. However,
because the term is <6 months, the weight of the Loan received is 0% and does not affect the ASF figure. While the rest is in the form of Deposits
Without a Term. So, the conclusion was that the increase in Deposits from Financial Institutions that occurred in December 2024 did not have a positive
impact on the calculation of NSFR.
However, on the other hand, as stated above, the decrease in ASF was restrained by an increase in components that have an ASF weight of 100%, which
were total Liabilities and Other Equity, especially from Deferred Tax Liabilities of eq. RpR657 billion and Tier 1 and Tier 2 Capital of eq. Rp611 billion.
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Individual Analysis
RSF: The increase in RSF was mainly due to an increase in total Disbursed Loans.
Total HQLA in the NSFR calculation decreased by eq. Rp1.83 trillion before weighting, but after being weighted, it did experience an increase
of eq. Rp46 billion. The reason was the movement of existing HQLA was dominated by a decrease of Rp1.53 trillion in total Government Bonds
or eq. Rp77 billion after weighting and Placement with Bank Indonesia which had an RSF weight of 0% of eq. Rp534 billion. On the other hand,
Corporate Bonds, both in the Level 2A and 2B categories, increased by a total of eq. Rp188 billion or eq. Rp122 billion after weighting. This
means that the increase in RSF weight from HQLA was due to an increase in Corporate Bonds (HQLA Level 2) while HQLA Level 1 decreased.
The decrease in HQLA Level 1 was because some of the Government Bonds were being repoed.
The largest contribution to the increase in RSF was the increase in total Disbursed Loans which grew by eq. Rp10.97 trillion or eq. Rp8.45 trillion
after weighting in NSFR as this component was dominated by an increase in Loans to Non-Financial Institutions by eq. Rp9.04 trillion or eq.
Rp6.47 trillion after weighting. Total Disbursed Loans to Financial Institutions also increased by eq. Rp1.76 trillion or eq. Rp2.23 trillion after
weighting. In addition, the increase in RSF was also the impact of the shift in the term of Disbursed Loans for a period of <6 Months (RSF weight
15%) by eq. Rp853 billion which experienced a temporary decrease while there was an increase in the term of >6 Months (RSF weight 50% -
100%) by eq. Rp2.61 trillion. On the other hand, there was a decrease in Receivables to Bank Indonesia in the form of SRBI and SVBI with a total
of eq. Rp2.74 trillion or eq. Rp308 billion after weighting and Housing-Backed Loans of eq. Rp565 billion or eq. Rp482 billion after weighting.
Other components that also contributed to the movement of RSF were the increase in total Securities in the Non-HQLA category of eq. Rp1.04
trillion or eq. Rp919 billion after weighting as this component was dominated by mutual funds. However, there was a decrease in Total Other
Assets of eq. Rp2.54 trillion or eq. Rp991 billion after weighting which came from a decrease in the Capital Reduction Factor component of eq.
Rp1.16 trillion and total Loans with Non-Performing quality of eq. Rp333 billion. In addition, there was also a decrease in total Placements with
Other Banks for Operational Activity Needs of eq. Rp612 billion or eq. Rp306 billion after weighting which also restrained the increase in RSF
that occurred.
Factors or conditions causing the decrease in NSFR:
The decrease in NSFR in December 2024 compared to the position in September 2024 was due to an increase in the RSF component by 3.84%
or eq. Rp7.24 trillion after weighting while on the other hand there was a decrease in the ASF component by 0.53% or eq. Rp1.21 trillion after
weighting.
The movement in the weighted value of the ASF component was mainly caused by:
• Decrease in Total Deposits from Individual customers by eq. Rp1.72 trillion after weighting
• Decrease in Total Deposits from Corporate customers by eq. Rp791 billion after weighting.
• Increase in Total Liabilities and Other Equity by eq. Rp657 billion after weighting.
• Increase in Total Tier 1 and Tier 2 Capital by eq. Rp611 billion.
The movement in the weighted value of the RSF component was mainly caused by:
• Increase in Total Loans to Non-Financial Institutions by eq. Rp6.74 trillion after weighting.
• Increase in Total Loans to Financial Institutions by eq. Rp2.23 trillion after weighting.
• Increase in Total Non-HQLA Securities by eq. Rp919 billion after weighting.
• Decrease in Total Other Assets by eq. Rp991 billion after weighting.
• Decrease in Total Placements with Other Banks for Operational Activity Needs by eq. Rp306 billion after weighting.
Optimal Asset and Liability Management was carried out while still referring to the Liquidity Risk Management framework that has been
implemented by management through the Risk Management Work Unit with the principle of prudence adopted by management through the
Risk Management Work Unit with the principle of prudence.
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Table 8.b.2. Quantitative Disclosure of NSFR - Bank with Subsidiaries
NSFR Report
Bank Name : PT Bank CIMB Niaga Tbk (Bank & Subsidiaries)
Reporting Position : 31 December 2024
September 2024
Carrying Value Based
No. Component ASF on Remaining Maturity
≥ 6 months -
Non Maturiy < 6 months
< 1 year
1 Capital: 54,219,570 83,000 -
2 Capital based on Regulator Requirement: 54,219,570 83,000 -
3 Other capital instruments - - -
4 Deposit from Retail and SME 70,189,354 42,259,909 5,434,928
5 Stable deposits 51,580,706 14,993,668 1,006,147
6 Less stable deposits 18,608,648 27,266,241 4,428,780
7 Deposit from Wholesale 82,133,784 43,625,963 2,294,017
8 Operational deposits 58,605,580,27 - -
9 Other Deposit 23,528,203,79 43,625,963 2,294,017
10 Liabililties that have interdependent asset pairs - 11,975,131 -
11 Liabilities and other equity: 879,694 19,581,830 -
12 NSFR liabilities derivative - -
13 Equity and other liabilities that do not fall into the above categories 879,694 19,581,830 -
14 Total ASF
September 2024
Carrying Value Based
No. Component RSF on Remaining Maturity
≥ 6 months -
Non Maturiy < 6 months
< 1 year
15 Total HQLA for the calculation of NSFR
16 Deposits on other financial institutions for operational purposes 3,271,620 - -
17 Loans with Current and Special Performance (performing) - 33,953,574 24,466,506
18 to financial institutions that are guaranteed with Level 1 HQLA - 497,141 980,601
19 to a guaranteed financial institution not with HQLA Level 1 and a loan to an - 4,896,518 724,411
unsecured financial institution
20 to non-financial corporations, retail customers and micro and small business - 25,244,516 20,058,333
customers, the central government, the governments of other countries, Bank
Indonesia, central banks of other countries and public sector entities, including:
21 qualify for a weighted risk of 35% or less, in accordance with SE OJK ATMR for - 156,208 147,729
Credit Risk
22 Unsecured home mortgage loans, which include: - 963,853 959,856
23 qualify for a weighted risk of 35% or less, in accordance with SE OJK ATMR for - 1,278,037 1,279,077
Credit Risk
24 Securities with Current and Undercurrent (performing) categories that are not being - 917,300 316,499
pledged, do not default, and are not included as HQLA, including exchange-traded
shares
25 Assets that have interdependent liability pairs - - -
26 Other assets: - 5,505,770 85,472
27 Physical commodities traded, including gold
28 Cash, securities and other assets recorded as an initial margin for derivative - -
contracts and cash or other assets that are deposited as default funds at central
counterparty (CCP)
29 NSFR asset derivative - -
30 NSFR liability of derivative before deducting with variation margin
31 All other assets that do not fall into the above categories - 4,945,571 85,472
32 Administrative Account - - -
33 Total RSF
34 Net Stable Funding Ratio (%)
¹ Components reported in the non-term category are components that do not have a contractual period, including:
Permanent (perpetual) capital instruments, short positions, open maturity positions, demand deposits, equity that are not included in the HQLA and commodity categories
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(in million Rupiah)
December 2024
Carrying Value Based Ref. No. from
Total Weighted on Remaining Maturity Total Weighted NSFR Working
Value Value Sheet
≥ 6 months -
≥ 1 year Non Maturiy < 6 months ≥ 1 year
< 1 year
75,000 54,294,570 55,399,430 - 75,000 - 55,399,430
75,000 54,294,570 55,399,430 - 75,000 - 55,399,430 1,1
1,2
- - - - - - - 1,3
19,134,894 128,609,692 69,212,293 42,302,913 5,463,261 18,288,779 126,917,820 2
3
609,698 64,811,194 51,276,708 14,797,024 894,686 590,461 64,210,457 2,1
3,1
18,525,196 63,798,498 17,935,585 27,505,890 4,568,575 17,698,318 62,707,363 2,2
3,2
3,908,560 50,961,258 85,717,272 50,823,061 1,277,661 3,580,323 49,202,169 4
- 29,302,790 52,656,973 - - - 26,328,486 4,1
3,908,560 21,658,467 33,060,299 50,823,061 1,277,661 3,580,323 22,873,683 4,2
- - - 11,288,963 - - - 5
1,558,416 2,438,110 1,536,636 14,271,086 - 1,440,285 2,976,921 6
- - - - 6,1
1,558,416 2,438,110 1,536,636 14,271,086 - 1,440,285 2,976,921 6,2 s,d, 6,5
236,303,629 234,496,340 7
December 2024
Carrying Value Based Ref. No. from
Total Weighted on Remaining Maturity Total Weighted NSFR Working
Value Value Sheet
≥ 6 months -
≥ 1 year Non Maturiy < 6 months ≥ 1 year
< 1 year
4,357,937 4,403,874 1
- 1,635,810 2,523,168 - - - 1,261,584 2
169,216,371 160,155,042 - 40,853,472 17,449,679 177,218,096 168,020,126 3
- 540,014 - 1,613,264 - - 161,326 3,1,1
5,079,459 6,176,142 - 4,161,167 860,227 7,186,990 8,241,278 3,1,2
3,1,3
124,004,020 120,057,272 - 31,875,677 13,844,205 129,030,825 125,598,706 3,1,4,2
3,1,5
3,1,6
1,905,475 1,390,527 - 192,016 180,313 2,161,991 1,591,458 3,1,4,1
17,880,283 16,160,096 - 929,568 923,378 17,279,204 15,613,796 3,1,7,2
16,797,645 12,197,026 - 1,305,137 1,290,235 16,866,650 12,261,008 3,1,7,1
3,549,489 3,633,965 - 776,643 351,322 4,692,436 4,552,553 3,2
- - - - - - - 4
27,760,232 28,805,001 - 3,509,366 213,128 27,250,782 27,971,280 5
- - - - 5,1
- - - - - - 5,2
560,200 560,200 - - 288,501 288,501 5,3
- - - - - 5,4
27,760,232 28,244,801 - 3,220,865 213,128 27,250,782 27,682,779 5,5 s,d, 5,12
102,052,889 855,580,05 - - - 77,002,244 - 12
196,072,374 202,818,676 13
120.52% 115.62% 14
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Consolidated Analysis
The position of Consolidated NSFR figure for the December 2024 was at 115.62% or above the limit set by the regulator. The Consolidated
NSFR figure for the December 2024 position decreased by 4.90% compared to the September 2024 position of 120.52%. The impact of the
consolidation calculation after considering subsidiaries decreased by 1.27% when compared to individual calculations. This is because on the
subsidiary side, especially CNAF, many loans were distributed to end users acquired from the increase in total funding received by CNAF from
other banks. In addition, it was still non-compulsory for subsidiaries with multifinance business model to have a large HQLA to maintain this
liquidity ratio. As a multifinance company, CNAF always maintains its liquidity needs based on the ratio set by the regulator, in this case OJK.
Main factors affecting NSFR calculation:
Changes in Consolidated NSFR in December 2024 compared to September 2024 were mostly caused by movements in NSFR
individually at the Bank, given the size of the Individual Bank is much larger than its subsidiaries. Individually at the Bank,
NSFR decreased compared to September 2024 as a result of the increase in the RSF value after weighting while at the same time there was a
decrease in the ASF value after weighting. In addition, the movement of Deposits Received and Loans Disbursed on the Subsidiary side resulted
in a decrease in NSFR on a Consolidated basis.
ASF: As previously stated, the movement of Consolidated NSFR was mostly influenced by movements at the Individual where after
consolidation, the decrease in ASF increased by eq. Rp593 billion after weighting compared to the September 2024 period. Subsidiaries
contributed to the decrease in ASF on a consolidated basis through a decrease in Deposits from Financial Services Institutions, especially
Deposits with a remaining maturity period of > 6 Months (ASF weight 50% - 100%) with a total of eq. Rp793 billion after weighting.
RSF: As in ASF, the majority of RSF movements on a consolidated basis were also more influenced by the Parent Company as has been conveyed
in the Individual analysis. Changes in Total HQLA mostly come from Individual Banks, because subsidiaries do not specifically have to manage
HQLA in a certain amount but in cash, changes were also greatly influenced by changes in Individuals. On a consolidated basis, the increase in
RSF decreased by eq. Rp434 billion as an impact of the decrease in Loans Disbursed by Subsidiaries to end users.
Factors or conditions causing the downward movement:
The decrease in Consolidated NSFR in December 2024 compared to September 2024 was due to an increase in the RSF component by 3.44%
or eq. Rp6.75 trillion after weighting while on the other hand there was a decrease in the ASF component by 0.76% or eq. Rp1.81 trillion after
weighting.
The balance of loans disbursed by the Subsidiary (CNAF) to end users decreased by eq. Rp548 billion compared to September 2024 and the
majority was financed through loan facilities from Banks, either in the form of Joint Financing or Borrowing. CNAF’s Total Assets as of December
2024 reached Rp11.30 trillion or down by Rp525 billion compared to September 2024. However, given that the size of this subsidiary’s asset is
smaller than the Parent Company, the composition of the Subsidiary to the calculation of Consolidated NSFR is not too significant.
The Parent Company, in this case the Bank, is overseen separately by the regulator, as well as the subsidiaries that follow the applicable
provisions and are also overseen separately by the regulator. including a feature that allows the opening of Savings products and Investment
products through OCTO Mobile so customers can carry out their banking activities more conveniently and safely. Optimal Asset and Liability
Management is run by continuing to refer to the Liquidity Risk Management framework that has been implemented by management through the
Risk Management Work Unit with the principle of prudence.
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Table 8.c. Quantitative disclosure – Encumbered Assets (Encumbrance)
a b c d
(in million Rupiah) Assets held or in
Encumbered Unencumbered
contract with the Total
Assets Assets
central bank
Cash and Cash Equivalent - - 3,532,164 3,532,164
Placement with Bank Indonesia - 14,832,913 - 14,832,913
Marketable Securities (HQLA Level 1) 11,328,248 - 76,096,529 87,424,776
Corporate Securities (HQLA Level 2a and 2b) - - 2,739,813 2,739,813
Qualitative Analysis
Significant changes in the December 2024 position compared to the June 2024 position include
a. There was an increase in the component of HQLA Level 1 Securities by eq. Rp961 billion and Placements with Bank Indonesia amounted to eq. Rp385
billion
b. In addition to the increase, there was a decrease in the component of HQLA Level 1 Securities which became the underlying of Repo transactions
amounting to eq. Rp2.12 trillion, Corporate Securities (HQLA Level 2A and 2B) amounting to eq. Rp601 billion, as well as a decrease in Cash & Cash
Equivalents by eq. Rp517 billion.
c. The above movement was supported by an increase in total public deposits of eq. Rp10.73 trillion as well as an increase in total Loans from Other Banks
by eq. Rp1.64 trillion. The increase was also allocated to the growth in total Loans disbursed of eq. Rp10.92 trillion.
Liquidity risk measurements are performed through several methods as follows:
Liquidity Risk Measurement
Liquidity Gap (Normal & Crisis Condition)
1 Liquidity risk measurement is based on cash flow projections of assets and liabilities, including administrative accounts
and commitments (liquidity gap). The cash flow projections are based on contractual and behavioral maturity profiles.
The liquidity risk measurement tool is prepared in two scenarios, namely normal conditions and crisis conditions. As a
target limit that must be fulfilled, the Bank must be able to fulfill the needs of outflows that occur through inflows over
the next 30 days (short term).
Liquidity Coverage Ratio
2 LCR is a ratio to assess the Bank’s liquidity resilience in the short term during crisis conditions. It measures the
adequacy of high-quality liquid assets to cover net cash outflows.
Net Stable Funding Ratio (NSFR)
3 The NSFR is a measurement tool to ensure that banks have sufficient and stable sources of funds to finance their
asset activities, so that the stability of these funds can mitigate liquidity risk during a crisis in the longer term.
Other Liquidity Indicators
4 The Bank still has several other liquidity indicators as complementary monitoring tools, such as the ratio of liquid
assets to total customer funds, interbank borrowing, funding concentration ratio, and others.
CIMB Niaga regularly monitors liquidity risk exposure through several methods described above, and the Bank is also
monitor its compliance with the established risk limits both internal and regulatory. The Bank’s most recent liquidity
condition is reported and monitored, along with an analysis of changes in these indicators. If risk exposure exceeds
acceptable levels, the Bank has established a tiered escalation procedure from senior management level to ALCO.
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In addition, the Bank also has an Early Warning System forum. If the test results fall below the limits, then ALCO
(EWS), which provides monitoring indicators and informed will determine the corrective measures to be taken.
to the management in the event of a deteriorating situation
that might threaten the Bank’s liquidity. Basically, EWS The Bank’s liquidity risk management is supported by
contains indicators that are reported on a daily basis, such a robust ALM Risk system and infrastructure, allowing
as internal bank indicators (quantitative and qualitative), it to produce more comprehensive and up-to-date
macro indicators, banking and financial industry information, as well as achieve more accurate and
indicators, and indicators that are reported in response timely risk management results. This system collects
to unusual events that may indicate a deterioration in the the necessary data from the core banking system while
bank’s reputation and stability. The determination of the maintaining high quality and integrity.
EWS indicator is part of the Contingency Funding Plan
(CFP) procedure developed by the Liquidity Risk unit with CONTINGENCY FUNDING PLAN
input from other related units and approved by ALCO. The Contingency Funding Plan (CFP) is one of the
component of the Bank’s Liquidity Risk Management
Liquidity Stress Testing scenarios are conducted based on Policy in the form of a procedure and operational guide
a set of extreme but plausible events that can be caused during crisis (crisis protocol). The Bank conducts CFP
by Bank-specific factors (idiosyncratic) or the market as testing periodically in order to increase risk awareness
a whole (market-wide). This will affect the measures to and senior management’s readiness of roles and
be taken in managing crisis conditions. The Idiosyncratic responsibilities during a funding crisis. Banks conduct
scenario is a stress condition in which only the Bank CFP testing to ensure the established procedures can be
experiences liquidity issues while the market as a whole implemented in real crisis situations. This test prepares
operates in a relatively normal condition. Meanwhile, the a number of scenarios that could lead to a bank liquidity
overall market crisis scenario (market-wide) assumes crisis. Bank’s Senior Management must be able to respond
financial markets are under liquidity pressure. Stress to the crisis scenario and decide on anticipatory and
testing calculations are performed periodically or as- corrective measures in a timely manner for the scenario
needed to ensure that liquidity conditions are well- events.
managed and remain within the specified risk limits at all
times. This CFP document outlines the measures to be taken by
the Bank in the form of asset, liabilities, and off- balance
Basically, the liquidity stress scenario assumes an sheet management strategy, such as undrawn or Bank
increase in cash outflows from the Bank beyond normal, commitments to other parties, as well as qualitative
specifically in terms of deposits managed by the Bank, strategies that Senior Management can utilize during a
as a result of decreasing levels of trust, decreasing cash liquidity crisis. ALCO reviews and approves updates to
inflows due to defaults from debtors/counterparties, and CFP documents once a year. This CFP document is part of
decreasing values of liquid asset portfolios owned due to the Bank’s Recovery Plan Document, where the Recovery
market risk. These assumptions are periodically reviewed Plan document is a document that provides broader
and approved by management through ALCO meetings. crisis management measures including but not limited to
The stress testing results are discussed in the ALCO improving the Bank’s capital adequacy.
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Operational Risks
Bank CIMB Niaga implements comprehensive operational d. Optimizing the level of profit and maintaining the
risk management with the principle of prudence to Bank’s soundness level.
support adequate Governance with the aim of: e. Contributing to reduce the use of regulatory capital to
a. Improving the Bank’s ability to detect early operational cover operational risks that occur.
risks that have the potential to cause losses that
affect the Bank’s business continuity or potentially GOVERNANCE
reduce the level of customer trust in the Bank. In terms of Governance, the Bank has formed an
b. Improve good synergy with regulators to manage Operational Risk Committee (ORC), which is a committee
operational risks effectively and proactively. appointed by the Board of Directors to assist in carrying
c. Fulfill shareholder and stakeholder expectations so out the Board of Directors’ operational risk management
that the Bank is able to provide continuously added responsibilities. ORC has authority over all aspects
value in controlling and managing operational risks of operational risks, including development projects
adequately. carried out by Business Units/Support Units that may
have an impact on the Bank’s operations during their
The objectives and targets that the Bank wants to achieve implementation.
in implementing effective operational risk management
are: In terms of implementing three lines of defense, based on
a. Developing a risk culture in every aspect of the Bank’s the organization’s operational risk management, the Bank
organization. has established the Risk Control Unit (RCU) to assist the
b. Developing transparency in managing the Bank’s first line of defense (business unit or support unit), which
operations. is a dedicated unit, with the head RCU has a dual reporting
c. Improving the optimization of the Bank’s operations as line, namely to both the Business or Support Director as
well as effective and efficient decision-making. well as reporting to the Risk Management Director and
Compliance Director.
RCU Governance Structure
Risk Management Compliance Business/Support
Director Director Director
RCU: Risk Control Unit Business/Support
• Proactively manage operational & compliance (RCU) Director
risks.
• Execute an operational & compliance risk
framework.
• Increase awareness of operational &
compliance risks. Quality Assurance Designated
(QA) Compliance &
Ops. Risk Officer
(DCORO)
POLICIES, PROCEDURES, AND ESTABLISHMENT OF LIMITS
The Bank has bank-wide policies for operational risk management, which regulate the conduct of daily operations, namely
the Operational Risk Management Framework Policy; Operational Risk Event and Loss Data Management Policy; Risk
Control Self Assessment Policy; Control Issue Management Policy; New Product Activity Policy; Significant Changes
Assessment Process Policy; Anti Fraud Management Policy; Business Continuity Management Policy; Information
Technology Risk Management Policy; Data Management Policy, Third Party Risk Management Policy, and Information
Security Policy.
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The Bank has also established operational procedures • The Bank evaluates and improves policies and
that regulate the process flow of operational activities that procedures continuously to support operations
must be performed by each unit, roles and responsibilities, and risk management in all types of products and
authority limits and boundaries, reporting and escalation activities.
lines, makers, checkers and approvals. These policies • The Bank requires each Operational Work Unit
and procedures are reviewed and updated periodically and activity to have complete business continuity
to build and strengthen risk culture and good corporate procedures and have access to disaster recovery
governance. facilities.
• The Bank provides adequate levels of resources and
In addition to operational risk management policies and systems with current business activities and future
procedures, the Bank has the following risk appetite: plans.
• Risk appetite is adjusted to applicable regulations • Risk-taking authority is granted only to employees
and provisions of the laws. who have adequate skills and expertise that are in
• The Bank only operates on products, services, and accordance with for the level of risk.
locations that have an infrastructure with adequate • The Bank has a clear segregation of duties and
controls and a good level of understanding and functions based on the concept of the “Four Eyes
expertise in order to carry out operational risk Principles” to ensure objectivity and to avoid conflicts
management. of interest.
• The Bank only approves new products and
transactions, products and markets where the RISK MANAGEMENT PROCESS
Bank has the expertise and ability to manage risks The operational risk management process is applied
effectively and proactively (for example, the ability to the Bank’s products, activities, processes, and main
to identify, measure, manage, monitor, and report the system, and it is carried out across the Bank’s entire
risks obtained and other risks related to the products Line of Defense, particularly the First Line of Defense
and transactions). Each new product and service must (Business Units and Support Units), which is assisted by
be comprehensively prepared and approved by the the Risk Control Unit (RCU) that has been formed.
Committee at the Board of Directors Level.
Risk Risk Risk Control Risk
Identification Measurement and Management Follow-Up and
Reporting
• Describe events that • Determine the probability • Risk mitigation planning • Follow up on results
impact the achievement of risk events occurring in • Review of all possibilities achieved after actions
of specific objectives of the future. that can be a source has been implemented.
the Bank’s business and • Evaluate the impact of risk of operational risk • Monitoring operational
support functions. events that are occurring. mitigation risk exposures and its
• Review various sources of • Determine the level of risk, • Re-evaluation of risks if mitigation processes.
risk. whether acceptable or not. needed and adjusting • Operational risk
• Develop a comprehensive priorities. exposure report to
list of possible scenarios • Periodic and thematic senior management,
of potential operational reviews to see potential committees and
risk exposures. control weaknesses regulators.
• Categorize risks in design and
according to different implementation. Thematic
types of operational risks. reviews can be conducted
by all lines of defense
of the Bank, individually
or collaboratively, as an
effort to prevent and
mitigate risks.
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Operational Risk Management Working Tools
Loss Event Data Risk & Control Self-
Key Risk Indicators (KRI)
Management (LEDM) Assessment (RCSA)
The process of recording and A structured approach that enables Operational risk indicators are monitored
documenting operational risk events, the 1st line to identify and assess key on a regular basis to serve as an early
including the escalation process and root risks and controls to plan appropriate warning system for Business Units (BU) or
cause analysis, in an effort to improve corrective actions to minimize risk Supporting Units (SU) to take corrective
and mitigate risks, including lesson learnt exposure, including ensuring the action on the operational risks they face.
sharing to prevent similar events from effectiveness of control design through
recurring in the future. regular testing.
Control Issue Product Implementation Significant Change
Management (CIM) Process Assessment Process (SCAP)
A systematic and structured framework Documentation process of new product The process of risk review and control of
that records, monitors and manages and activity implemented across all internal process changes, especially those
operational control issues including business units, including the adequacy of that have a significant direct effect on
overall operational risk mitigation. risk identification, measurement, control the Bank’s business continuity, aimed at
and risks mitigation, before products and optimizing the risk reward trade-off with
activities are offered to customers. the Bank’s Risk Appetite.
Operational Risk Scenario
Business Continuity
Analysis (and Stress Anti-fraud Strategy
Management
Testing)
The process of analyzing the level of The anti-fraud strategy is elaborated The Bank realizes that organizations
operational risk capital adequacy under in 4 pillars of interrelated processes, cannot avoid disruptions/disasters caused
stress conditions. Scenarios used to test namely (i) prevention, (ii) detection, (iii) by nature or humans. Damage not only
the sensitivity of operational risk faced by investigation, reporting and sanctions, and affects the technological capabilities
the Bank are translated into idiosyncratic (iv) Monitoring, Evaluation and Follow-up of a Bank, but also impacts the Bank’s
scenarios and parameters, used to which have been explained in more detail business operations, especially services
calculate the impact on economic capital in the Anti-Fraud Management section to customers. If not handled specifically,
requirements (in addition to regulatory the impact will lead to other risks such
capital). as reputational risk which can reduce the
level of customer confidence. To minimize
this, the Bank has Business Continuity
Management (BCM).
The operational risk management information system adheres to the following principles:
a. The Bank uses an information system that meets the needs for effective operational risk management. The Bank’s
systems and technologies are appropriate for its nature, transaction volume, and needs.
b. A communication system that effectively distributes information on risk management policies, loss exposure, and
operational performance.
c. The management information system facilitates operational risk management process, including risk identification,
measurement, monitoring, and control, as well as management decision-making.
d. The Board of Directors and management allocate resources (financial and personnel) optimally to support operation,
development, and system maintenance.
e. In using information technology, the Bank’s management uses a strict, comprehensive, careful, and accurate analysis
process to identify and quantify risks and ensure that risk controls are implemented to manage risk exposure.
f. In developing, procuring, and implementing information technology, the Bank is required to take control measures
to produce systems and data that maintain confidentiality and integrity and support the achievement of the Bank’s
objectives.
g. The Bank must have adequate system support and operational capacity to accommodate all business activities.
h. The management information system must be able to provide complete, accurate, and timely reports and information
on operational risk exposure in the context of the decision-making process by the Board of Directors.
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Highlights Report Profile Discussion & Analysis Management
START
RCSA KRI LED NPA SCAP
• Assess Key Risk • Determine Attribute & • Root Cause Analysis • Review Risk & Control • Review Risk & Control
• Assess Key Control Threshold • Completeness of • Identify Gaps of • Identify Gaps of
• Assess Residual Risk • Determine Owner Required Information Control Design Control Design
• Regular Update the
Value
Any control weakness Any breach of Amber/ Any control gap design Any control gap design
Any mitigating action?
identified Red Threshold? unresolved? unresolved?
Yes/ Yes/ Yes/ Yes/ Yes/
End No End No End No End No End No
No No No No No
Yes Yes
Yes
Yes Yes
CIM
RCSA : Risk Control Self Assessment
Approval for Recording
KRI : Key Risk Indicator
LED : Loss Event Database
CIM
NPA
: Control Issue Management
: New Product Approval Monitor & Closing ShARP
SCAP : Significant Changes Assessment Process
ShARP : An Integrated System which cover all
operational risk modules END
INTERNAL CONTROL • Periodic and continouos review and verification over
As part of risk mitigation, to ensure the effectiveness of the Bank’s weaknesses to fix any deviations that
the internal control system, the Bank has implemented a occur.
clear segregation of duties to avoid conflicts of interest.
All matters that could potentially trigger a conflict of An effective internal control system requires the
interest must be identified, minimized, and monitored establishment of an appropriate control structure, which
independently by establishing reporting lines and describes control activities at each business level. This
clear functions in the business or support units that includes a review by Top Management; appropriate
are separate from business units that perform control control activities for each section or division; monitoring
functions. compliance limit exposure and following up on for non-
compliance; approval and authorization systems; and
The internal control system in the implementation of verification and reconciliation systems.
operational risk management includes the following:
• Conformity of the internal control system with Implementing an effective internal control system
the type and level of inherent risk in CIMB Niaga’s requires a clear separation of duties and responsibilities,
business activities. as well as the appointment of employees that have no
• Determination of authority and responsibility for conflicts of interest. Any issues that could potentially
compliance, procedures, and limit monitoring. lead to a conflict of interest must be identified, mitigated,
• Establish clear reporting lines and segregation of and monitored independently.
functions between the business/supporting units and
the working unit, which is responsible for the control In terms of information technology and cyber risks
function. mitigation, an assessment of the possibility of
• Organizational structure that clearly describes the various events/incidents, including their impact and
Bank’s business activities. consequences, is conducted on a periodic basis, taking
• Adequacy procedures to ensure Bank compliance into account the factors that cause the event/incident,
with applicable laws and regulations. such as threats, vulnerabilities, exposure, and asset value.
• Conduct an effective, independent, and objective
review of the Bank’s operational activity assessment Each system’s development and implementation should
procedures. include a risk assessment and the selection of risk
mitigation activities. This policy governs matters related
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to Information Technology risk management, including 4. Ensure that any identified risks have been documented
the Risk Assessment (RA) process. Risk assessment is a and updated in a timely manner.
systematic process that includes planning, preparation, 5. Availability of relevant IT controls as a form of
and assessing a system’s technological risks, as well as mitigating steps for risks that have been identified
determining controls/mitigation strategies. to minimize the risks that the Bank is exposed to in
accordance with the pre-determined risk appetite/
IT risk management is carried out by considering the risk tolerance.
following: 6. Documentation of all identified IT risks and controls in
1. Availability of an Information Technology Risk the operational risk management tools or system.
Management Policy document that is updated
periodically. Regarding cyber risk, in order to achieve a state of
2. Availability of an IT risk library applicable to the cyber resilience, it is very important for the Bank to
situation and constantly updated according to the understand the phases of a cyber attack, which is aimed
results of the IT risk assessment. at determining the controls that will be implemented to
3. Risk identification has been carried out periodically to manage each type of attack. The cyber attack phase, also
ensure appropriate risk mitigation for security threats known as the Cyber Kill Chain, consists of seven stages,
and weaknesses. which are as follows:
7
6 After the entire
network is
5 In this phase, the
attacker prepares
controlled, the
attacker will
carry out his
4 The process
of installing
to take control of
the entire target
main goal in this
cyber-attack, for
network (not just
3
example: data
specific a specific system/
By using a pre- theft, money
malware into application as
made exploit, theft, etc.
the system/ in the previous
2
the attacker
application that phase).
The process begins to carry
is the target of
of sending the out an attack
1
the attack.
prepared exploit to gain access
The process to the attack to the system/
of creating an target application that
A scouting process exploit that will is the target of
performed to get an specifically be the attack.
idea of the target of used to attack the
the attack. target that has
been scouted in
the previous phase
Command & Actions on
Reconnaisance Weaponization Delivery Exploitation Installation
Control Objectives
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The Bank has possessed cyber resilience capabilities through the cyber resilience development process as follows:
Cyber Resilience Development Process
The process The process of The process of Emergency
of identifying, detecting cyber consistently response process
classifying, and threats and monitoring cyber and recovery from
prioritizing critical protecting against events cyber incident
business functions, cyber incidents to
information assets, ensure information
and associated cyber assets are protected
1 2 3 4
risks.
Cyber Resilience
Anticipate Resilience Recovery Evolution
Readiness to always deal The ability to continue The ability to restore The ability to make
with undesirable events and business functions in the business functions during adjustments to business
ensure business activities event of an undesirable and after an adverse event. functions and support
and business functions can event. function to be able to
still be carried out. minimize the impact of the
occurrence of unwanted
events
The Information Technology Risk Management Framework (including cyber risk) is divided into 5 Phases, as follows:
1 2 3
Identification Protection Detection
Build a common understanding across Describe the appropriate controls to ensure Activities to identify the possibility of
the Bank regarding risk management the continuity of critical infrastructure cyber security incidents. In this phase, the
and cyber security of the Bank’s services. identification of cybersecurity incidents can
systems, functions, assets, personnel, be known early.
and data. Understanding the business
context, critical business function
support resources, and cybersecurity
risk exposures will support the
Bank in determining the focus and 4 5
prioritization of cyber resilience Response Recovery
implementation.
Activities that must be carried out in Activities that must be performed to
connection with a cybersecurity incident. manage the recovery plan to the planned
In this way, the impact of a cybersecurity service level so that services affected by
incident can be limited in an integrated a cybersecurity incident can continue to
manner. function properly.
Table 9.a. Disclosure of Operational Risk - Bank only
(in million Rupiah)
No. Details December 2023 December 2024
1. Business Indicator Components 1,203,928 1,210,547,93
2. Internal Loss Multiplier Factor 1 1,00000000
3. Operational Risk Minimum Capital 1,203,928 1,210,547,93
4. Operational Risk Minimum Capital 15,049,104 15,131,849,13
Table 9.b. Disclosure of Operational Risk - Bank on a Consolidated Basis with Subsidiaries
(in million Rupiah)
No. Details December 2023 December 2024
1. Business Indicator Components 1,285,811 1,266,473,16
2. Internal Loss Multiplier Factor 1 1,00000000
3. Operational Risk Minimum Capital 1,285,811 1,266,473,16
4. Operational Risk Minimum Capital 16,072,634 15,830,914,50
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Reputation Risks
Reputation risk arises from a decrease in stakeholder POLICIES, PROCEDURES, AND
trust as a result of negative perceptions about ESTABLISHMENT OF LIMITS
the company. As a result, CIMB Niaga conducts In managing reputation risk, CIMB Niaga has developed
comprehensive analysis and evaluations of all new and policies, procedures, and mechanisms to improve service
existing products and services. The Bank uses the TARIF quality, including handling complaints from stakeholders
principles (Transparency, Accountability, Responsibility, (customers, stakeholders, and others) that are embedded
Independence, and Fairness) to guide all of its business in the policies.
activities, not only to protect its reputation but also to
build strong relationships with stakeholders. The Bank If there is an issue or news that has the potential to impact
constantly monitors news coverage in both mass media reputation, the Bank will prepare Reactive Statements
and social media, including customer complaints, so that and Frequently Asked Questions (FAQs) as preparation
measures to address/anticipate any negative news that and anticipation to respond should there be any questions
could potentially impact the Bank’s reputation can be from mass media, customers, or stakeholders regarding
carried out immediately. the issue.
CIMB Niaga has established Sub-Directorate Marketing, RISK MANAGEMENT PROCESS
Brand, and Customer Experience (MBCX) through Overall, the Bank continues to emphasize the importance
the Corporate Communications Group to effectively of reputation risk management for all employees by
implement reputational risk management. This group is communicating the Bank’s vision and corporate values.
supported by other units, such as the Marketing Channel
& Analytics Group (for social media) and the Customer As part of the reputation risk management process, the
Experience Management & Protection Group. In addition, Bank provides communication media for customers if they
MBCX works with the Digital Banking, Branchless, and experience inconvenience during transactions. This can be
Partnership Sub-Directorate through the Customer Care seen from the Bank’s seriousness in providing social media
and Customer Care VIP & Media units. services through official CIMB Niaga accounts on the X
media platform @CIMBNiaga, Facebook ‘CIMB Niaga’,
GOVERNANCE Instagram @CIMB_Niaga, TikTok cimb.niaga, and the CIMB
The Board of Commissioners and the Board of Directors Niaga 14041 service, which is available 24 hours a day.
perform the reputation risk management oversight
function in accordance with their authority and In addition to complaints, the Bank also pays attention
responsibility, in collaboration with the unit in charge to customer feedback on how to improve Bank services,
of the reputation management function, such as the which are monitored through the Customer Relations
governance of reputational risk, which covers the Management (CRM) system, which serves as a bank-
following: wide system for recording customer complaints. Every
1. Evaluation of current issues, recorded complaint can be immediately escalated to the
2. Information on news developments in the market, appropriate unit to be handled and resolved. The Bank
3. Stakeholders’ perceptions and publications from understands that customers will feel more valued when
mass media and social media, both reader letters and their input or suggestions are heard and considered.
articles, This will have a positive impact and serve as a good
4. Customer complaints that have a significant impact recommendation and also differentiate CIMB Niaga from
on the Bank’s reputation. other banks. Every time a complaint or input is received,
a team with expertise in the field is assigned to handle it
As part of active oversight by the Board of Directors, properly and appropriately.
the Bank has also established a Customer Experience
Committee (CXC), which performs periodic supervision
regarding Customer Experience issues, particularly
handling customer complaints. Reputation risk is also one
type of risk discussed in the Operational Risk Committee
(ORC).
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To neutralize negative sentiments that arise such as on INTERNAL CONTROL
social media, MBCX made efforts by adding keywords to CIMB Niaga has implemented an internal control system
the listening tools that connected directly to the Bank or that includes regular monitoring of customer complaints or
to the parent company as the majority shareholder, the negative news/issues with a material impact on the bank’s
management at the parent company, and Malaysia as the reputation, as well as a reputation risk control culture
country where the main business area of the parent entity involving all business lines. Furthermore, risk control is
is located. carried out by implementing immediate corrective measures
to maintain reputation risk within the Bank’s risk tolerance
level.
Compliance Risks
Compliance Risk Management objectives is to minimize POLICIES, PROCEDURES, AND
the negative impact of actions taken by the Bank that ESTABLISHMENT OF LIMITS
do not comply with or not implementing the rules and Compliance Principles and Policies are approved by
regulations of authorities or regulators. The Bank’s the Board of Directors, and each leader in all business
Compliance Principles are: (1) Compliance begins at from units who are directly responsible for implementing
top; (2) Compliance is the responsibility of all parties; compliance in their respective units, including ensuring
(3) Compliance with applicable laws and regulations; (4) corrective steps for non-compliance and monitoring their
Competence and integrity; (5) Stakeholder oriented; (6) implementation.
Dedication to the Bank; and (7) Problem-solving oriented.
The Bank has developed a compliance framework and
GOVERNANCE policy that covers the roles and responsibilities of three
The Risk Management Committee, Risk Oversight lines of defense for implementing compliance risk
Committee (ROC), and Audit Committee support the management. The Bank also conducts regular reviews of
Board of Commissioners and Directors in their active the Compliance Risk Appetite, which is part of the overall
supervision of compliance risk management. Supervision Risk Appetite Statement.
is carried out to ensure the effectiveness of compliance
risk management implementation and that Compliance RISK MANAGEMENT PROCESS
Culture is supported in accordance with compliance The compliance risk management process in
policies and the risk management framework. The implementing compliance principles and policies is
Board of Commissioners and Directors receives bank realized by conducting compliance programs, including:
compliance reports on a regular basis and provides the • Socialization and training activities to strengthen and
necessary guidance to support the Bank’s compliance improve Awareness and Compliance Culture.
culture. • Compliance testing activities for internal regulations,
new products, and activities, as well as providing
The Bank has assigned Director who oversees the compliance opinions to comply with regulations.
Compliance Function (CU). CU is an independent unit • Commitment monitoring activities to Regulators.
that performs compliance functions as required by OJK • Self-assessment activities for compliance risks.
regulations.
INTERNAL CONTROL
To support all business units in implementing compliance External parties, including the Regulator, review internal
aspects, CU prepares an annual Compliance Plan and controls over the implementation of compliance risk
Program. The realization and achievements of CU in management. In addition, other independent units, such
carrying out Compliance Programs and Activities in 2024 as the Risk Management Unit (RMU) and the Internal
are detailed in the Compliance Unit section of this report. Audit Unit (IA), also performe internal control reviews for
compliance risk management.
A more detailed explanation of the Compliance Unit (CU),
as well as reports on the implementation of CU duties, can
be found in the Compliance Unit section.
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Legal Risks
Legal risk is a risk that arises as a result of lawsuits and/ POLICIES, PROCEDURES, AND
or weakness in juridical aspects. Lawsuits in the litigation ESTABLISHMENT OF LIMITS
process can arise from third-party lawsuits against The Bank has established policies and procedures for
the Bank, or vice versa. Weaknesses in the legal aspect managing legal risk that serve as standard guidelines
are caused by a variety of factors, including a lack of for legal risk management to provide protection for the
knowledge/understanding of the law, weaknesses in Bank’s actions in accordance with prevailing regulations,
engagements carried out by the Bank, and the absence or both internal and external. Furthermore, the Bank
change in laws and regulations. has set up approval mechanism for legal risk limits,
which includes signing an Agreement/Memorandum of
The legal risk management function is conducted by the Understanding or other legal agreement on behalf of the
Legal Unit with the following roles and responsibilities: Bank. This policy is communicated to employees through
1. Perform evaluations in accordance with past the Bank’s internal system, and e-mail blast as a mean to
experiences of losses and/or industry experiences socialize and increase employee awareness of the legal
caused by legal risks; aspects implemented at CIMB Niaga.
2. Analyze legal risk exposure reports;
3. Ensure that legal risk management is carried out in RISK MANAGEMENT PROCESS
accordance with the applicable risk management CIMB Niaga ensures adequate identification, assessment,
policies and procedures; monitoring, and control processes, as well as risk
4. Provide advice to improve legal risk management; management information systems, in order to avoid
5. Evaluate the effectiveness of legal risk management potential litigation or lawsuits.
that has been implemented.
The Legal Work Unit perform the process by taking
GOVERNANCE actions to prevent and/or minimize the possibility of legal
The Board of Directors and Board of Commissioners risk.
conduct active supervision through evaluation and decide
on corrective measures that need to be taken related to The legal risk management process is conducted as
for legal risk management based based on legal risk follows:
profile report that submitted on a regular basis. The 1. The process of setting up a new banking product or
Bank constantly ensures that there is adequate legal risk activity;
mitigation for all business and operational activities of 2. preparation of policies and/or before implementing
the Bank. a transaction/engagement until the resolution of any
legal issues that occur;
In principle, legal risk management is in line with corporate 3. Post-mortem review of the legal aspects of a product
governance policies and the code of conduct that or the implementation of a transaction;
outlines the values adopted by the Bank and establishes 4. Professional legal handling process and reserving
behavioral standards for all levels at CIMB Niaga. costs for potential losses (if necessary).
INTERNAL CONTROL
A comprehensive internal control system is implemented
through a periodic review process by business units
under the Legal Work Unit, in collaboration with the Risk
Management Unit and the Internal Audit Unit.
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Strategic Risk
The future growth of the Bank’s business is closely related The Board of Directors provides general direction to all
to its strategic decision-making. Therefore, the Bank units regarding the focus to be carried out by each unit.
constantly strives to improve the quality of strategic risk The performance evaluation process for implementing
management so that risks arising from inaccuracies in the Bank’s strategy is conducted regularly every month by
making and implementing strategic decisions, as well as the Board of Directors and senior management, including
failure to anticipate changes in the business environment, through the Performance Management Meeting (PMM). At
can be minimized or avoided. The Transformation & the Board of Commissioners level, performance evaluations
Strategy Unit is responsible for managing strategic are also conducted periodically to ensure that the business
risk and reporting the Bank’s performance to the Board decisions made by the Board of Directors have a positive
of Commissioners, the Board of Directors, and the impact on the Bank, align with the Bank’s strategy, and are
Regulators. effective in providing added value to shareholders.
GOVERNANCE POLICIES, PROCEDURES, AND
The Boards of Commissioners and Directors conduct ESTABLISHMENT OF LIMITS
active oversight and management functions in accordance CIMB Niaga prepares General Policies that serve as guidelines
with their authority and responsibilities in determining for implementing the Bank’s business strategy and focus. For
the direction, strategy, and focus of the Bank’s business. the purpose of identifying risks and responding to changes
In addition, the Boards of Commissioners and Directors in the business environment, both external and internal, the
ensure that the Bank carries out its activities in Bank periodically analyzes the industrial environment, which
accordance with the Bank’s risk management framework can affect the Bank’s revenue and business sustainability,
and business plan and consider risk exposures that the both from a macro and micro economic perspective. The
Bank faces. following is a general description of the Bank’s Strategic Risk
Management framework.
Key Strategic 1 Strategic Risk 2 Strategic Risk 3
Assessment and Oversight
Initiatives Identification
Evaluation Mechanism
of the Bank
• Directions & Strategies • Risk Identification • Preventive Control
• New Market Development • Risk Evaluation • Monitoring Control
• Acquisitions, Cooperation • Corrective Control
and Divestments
• Business Integration and
Transformation
• Bank Structure & Financial
Governance & Information Disclosure 4
• Stakeholder Engagement and Consent
• Information Disclosure
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1. The Bank implements its general policies or strategic 3. All major strategic initiatives must comply with the
directions from a short- or medium- term perspective. Bank’s internal policies/framework;
One of which is by preparing a Bank Business 4. Accountability, which means that ongoing
Plan (RBB), which is a plan for the Bank’s business performance monitoring is required to ensure
activities for the short term (one year), medium-term initiatives are running as expected.
(three years) and long-term (five years), including
plans to improve business performance, new product RISK MANAGEMENT PROCESS
and activity plans, network development plans, as CIMB Niaga ensures the adequacy of the processes
well as strategies to realize such plan in accordance for identifying, measuring, monitoring, and controlling
with the set up targets and time, while still observing strategic risks, including analyzing the realization
the compliance with prudent principles and the of business plans and also analyzing the business
implementation of risk management. The principles environment.
underlying the Bank’s Strategic Risk Management
Policy are as follows: The main strategic initiatives The process of measuring strategic risk is carried out
must be aligned with the Bank’s vision and mission, by using several parameters, including analyzing the
as also stated in the Bank’s Business Plan; All major conformity of the current strategy with the business
strategic initiatives must be supported by appropriate environment condition, the Bank’s position among
risk analysis, projections and assessments; Proposed competitors, and the realization of the pre-determined
major strategic initiatives must be approved and Bank Business Plan (RBB). The Bank also monitors
reported through appropriate governance structures; at all times the achievement of business plans and
2. Ownership clarity of each strategic initiative. performance.
Stakeholders are responsible for project outcomes
and risk management; The Bank has implemented medium-term strategic pillars
that serve as a reference in running and strengthening
business in a consolidated manner with subsidiaries,
including:
5-PILLAR
Strategy
1 5
2 4
3
Focus on Utilize and
business develop
lines that the use of
are the information
Bank’s technology
strengths
Strengthen Maintain capital
funding levels and
structure balance on risk
with focus management
on CASA Discipline on cost culture
management
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Furthermore, the methodology adopted in managing strategic risk is described in the diagram below:
Continuous Monitoring and Reassessment of Risks
Proposal Risk Risk Analysis Manage &
Submission Identification & Evaluation Mitigate Risk
Description • Project owner together with • Related parties (including RMs) • The project owner together
relevant parties to identify key will analyze the risks in more with relevant parties develop
risk areas detail to assess the magnitude mitigation measures to control
• Identified risks are reviewed by of loss and the probability of risks with high impact.
Risk Management (RMU), SIR & occurrence of the identified risks • Implement 3 types of controls,
other stakeholders. • Focus on risks with a high level namely: preventive, monitoring
of impact (high level of loss or and corrective controls
high level of risk probability)
• Ensure that relevant parties are
aware that risks with a high level
of impact have been identified.
Parties Involved • Project Owner • Project Owner • Project Owner
• SIR • SIR • SIR
• RM • RM • RM
• Consultation with relevant • Consultation with relevant
stakeholders stakeholders
Communication & • Conduct regular updates to RM, SIR and other key support units (e.g. Finance, Legal, Compliance, etc.)
Consultation • Red flags must be escalated to Senior Management (BMC)
INTERNAL CONTROL
Strategic risk management control includes regular supervision of the Bank’s performance, which has an impact on the
Bank’s revenue and a culture of strategic risk control that involves all Bank business lines.
CIMB Niaga also seeks to improve control over strategic risk by determining a measure of the success of a strategy
based on measurable numbers.
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Intragroup Transaction Risks
Intragroup Transaction Risk represents the risk POLICIES, PROCEDURES, AND
resulting from the dependence of an entity, either ESTABLISHMENT OF LIMITS
directly or indirectly, on another entity within a Financial The policies and procedures developed by the Bank to
Conglomeration in order to fulfill written and unwritten manage intragroup transaction risks are adequate and
agreement obligations, with or without a subsequent are prepared in accordance with the applicable regulatory
transfer of funds. provisions. Periodic reviews are conducted to ensure the
adequacy of applicable policies and procedures.
CIMB Niaga implements intragroup transaction risk
management for the Financial Conglomerate, which RISK MANAGEMENT PROCESS
currently only consists of Banks and Subsidiaries. The The Bank identified, measured, monitored, and controlled
governance of the Financial Conglomerate ensures the risk associated with asset and liability composition,
the fairness of transactions carried out between the as well as the fairness of transactions between financial
member entities of the Financial Conglomerate and institutions within the Financial Conglomerate. The
avoids significant dependence between members. The Finance and Risk Management Unit regularly monitors
process of measurement and monitoring is carried out, intragroup transaction risks to ensure compliance with
among others, through monitoring of certain ratios, such limits such as LLL and fairness principles. Controls
as gearing ratios, as well as compliance with the Legal through policies and limit setting are developed in
Lending Limit (LLL) requirements of related parties and accordance with the Bank’s risk appetite. The reporting
the Arm’s Length Principle. process for intragroup transactions is supported by
adequate Management Information System (MIS).
GOVERNANCE
As part of active oversight, the Board of Commissioners INTERNAL CONTROL
and the Board of Directors receive reports on intragroup In line with internal control practices for other risks, CIMB
transactions periodically. Reporting on intragroup Niaga conducts regular monitoring and evaluation of
transaction exposure is provided periodically to determine the Company’s risk exposure and financial performance,
that the intragroup risk to be taken is based on the results including intragroup transactions, which are subsequently
of analysis of the composition of assets and liabilities, and reported to the Board of Directors and the Board of
also assessment of the fairness of intragroup transactions Commissioners, along with the follow-up actions that will
in accordance with business complexity. be taken.
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Rate of Return Risk
Rate of Return Risk is the risk arising from changes in The Board of Commissioners monitors the rate of return
the rate of returns paid by the Bank to customers due risk periodically through the Risk Oversight Committee
to changes in the rate of returns received by the Bank (ROC). ROC evaluates the risk management process and
from the distribution of funds. Changes in these rates of provides direction if there are matters that require special
return can affect the behavior of the Bank’s third-party attention.
customers since they have expectations of a certain
level of return. Changes in expectations can be caused RISK MANAGEMENT FRAMEWORK
by internal factors, such as a decrease in the value of The management of rate of return risk is carried out
bank assets and/or external factors, such as increases in by Asset & Liability Management (ALM) Risk Group.
returns offered by other banks. Changes in expected level Risk monitoring is performed on a regular basis, and
of returns can trigger a transfers of funds from the bank any increases in threshold referring to deteriorating
to other bank. circumstances, this will be escalated to the relevant
committees, such as the Risk Management Committee
GOVERNANCE (RMC), Asset & Liabilities Committee (ALCO), or Pricing
The risk oversight of the rate of return by the Board of Committee.
Directors is conducted through the Pricing Committee
and Assets & Liabilities Committee (ALCO). These RISK MANAGEMENT PROCESS
committee manages return risk in accordance with the The process of identification, measurement, monitoring
Bank’s risk appetite. Risk limits, policies, and procedures and control of return risk is carried out by ALM Risk as
for managing the rate of return risk for the Sharia a unit independent of the risk taking unit. This process
Business Unit (SBU) follow the direction or decision of the is supported by adequate infrastructure and human
the Pricing Committee. resources that are appropriate for the size and complexity
of the Bank’s and Sharia Business Unit’s business
environments.
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Investment Risks
Investment risk lies in Mudharabah/Musyarakah contract- Considering investment risk is also a form of financing
based financing at UUS CIMB Niaga in the form of revenue risk with the distinction of profit-sharing contracts,
sharing, whereby the investment risk is relatively lower thus its Management, control, and monitoring follow
than profit/loss sharing based financing. In addition, the the financing process in general, including through
Bank also uses Mudharabah/Musyarakah contracts only RMU, which monitors the SBU portfolio on a regular
for customers with good reputations. For identification, basis, including analysis by economic sector, type of
the Bank performs an independent risk assessment financing contract, and others. The monitoring results are
conducted by reviewers at the parent company (four- reported to Management through the Risk Management
eyes principle), which is in accordance with the DBLM Committee. Human resources that support the risk
(Dual-Banking Leverage Model) concept. Regarding management process serve as a matter of concern. In
existing SBU accounts, the Bank carries out regular and order to improve the quality of human resources, the
ongoing monitoring, including Days Past Due analysis, Bank has conducted continuous training related to Sharia
post mortem reviews, and identification of the Early Banking. Internal audits are carried out periodically by
Recognition Watch List (ERWL). In addition, the Bank the Internal Audit Unit (IA) on Sharia banking practices,
collaborates with the Asset Restructuring & Recovery/ including Sharia financing, and audit results are followed
Loan Work Out and Consumer Collection & Recovery up by SBU. In addition, the submission of SSB Supervision
groups to resolve financing issues. Furthermore, the Results Reports to IA is carried out to improve the internal
implementation of stress tests, which are carried out control process over SSB findings. The Risk Management
periodically, also includes Sharia financing to anticipate Unit (RMU) and IA review the risk control system in
the worst conditions due to influences from internal and accordance with applicable risk management policies. In
external factors. order to identify and mitigate risks in financing products,
regular monitoring has been conducted by the Risk
To support the distribution of financing based on Management Committee.
revenue-sharing agreements to enable proper and
prudent management, the Bank has prepared policies
and procedures as well as implementation instructions
and systems for its operations.
Remuneration Policy
The explanation is in accordance with the Governance sub-chapter in this Annual Report.
2024 Annual Report | PT Bank CIMB Niaga Tbk 375
Page 374
Empowering Your Business Growth with
Exceptional Service is Our Highest Priority
Every business is driven by an inspiring vision
and distinctive challenges. CIMB Niaga is here
to empower you, transforming obstacles into
opportunities with unwavering support and
excellence.
Page 375
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06 Supporting Business Review
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Human Resources 380 Operational and Information Technology 396
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Human Resources
CIMB Niaga believes that Human Resources (HR) is a key element that plays
a crucial role in realizing the Bank’s Vision and Mission. The Bank instills
the EPICC culture and implements best practices in HR management to
prepare employees to face the challenges of an increasingly dynamic and
competitive banking industry.
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STRATEGIES AND POLICIES
Faced with the rapidly increasing transformation and dynamics of economic and business changes, CIMB Niaga considers
HR development as one of the main pillars for addressing the challenges of the banking industry’s evolution. CIMB Niaga
is committed to equipping HR with the ability to adapt and be responsive to future business needs.
Through the HR Directorate, CIMB Niaga continues to implement five strategic pillars that serve as the foundation of
the Company’s strategic policies and initiatives, consisting of Strategic Talent Acquisition and being a Talent Magnet,
Cultivate Talent & Leadership, Future Proof Organization, High Performing Organization linkage to Performance and
Contribution Based Rewards, and Operational Excellence for Seamless Employee Experience. These five pillars are
supported by digital data, technology, and the adoption mindsets and cultures that align with the Company’s values.
Vision
Employer of Choice
Goal
Creating pathway for excellent employee, and to gain trust from our customers, community, regulators and
investors, that we are continuously cultivating:
1. Strong Digital Leadership Brand 2. Highly Performing 3. A Healthy Organization 4. Best in Class HR Practice
HR STRATEGIC AREAS
High Performing Operational
Strategic Talent Cultivate Talent & Organization linkage
Future Proof Excellence for
Acquisition & be a to Performance &
Leadership Organization Seamless Employee
Talent Magnet Contribution based Experience
Rewards
Data, Digital & Technology Embodiment
HR Mindset, Corp. Values & Culture
CIMB Niaga continues to innovate in supporting work-life to collaborate and contribute, CIMB Niaga continues to
balance and enhancing employee welfare through various strengthen the foundation of its business and ensure
initiatives. Some of these include the implementation of sustainable organizational health.
Hybrid Working (HyWork), which utilizes technology to
improve collaboration and develop employee capabilities STRATEGIC TALENT ACQUISITION AND BE A
effectively, flexible benefits programs, and various other TALENT MAGNET
programs designed to support employee welfare. To realize its long-term strategy and adapt to technological
advancements and the increasingly dynamic banking
In addition, CIMB Niaga strengthens a work culture that industry, the Bank requires both quality and quantity
is rooted in the EPICC (Enabling Talent, Passion, Integrity of Human Resources (HR). Throughout 2023, the HR
& Accountability, Collaboration, and Customer Centricity) Division launched several key programs to support
values and builds a risk culture for employee behavior and business growth through an HR strategy that positions
daily decision-making. By embracing and implementing the Company as a talent magnet and top of mind for the
the EPICC values, employees are expected to impact a best talent, including:
conducive and productive work environment positively. 1. Continuing the Strategic Partnership Program,
This strategy also reflects CIMB Niaga’s commitment to an integrated program that prepares selected
diversity and inclusion, in which the Company values the students from the start of college and nurture their
uniqueness of each individual — including background, talents immediately after graduation. CIMB Niaga
experience, age, gender, and other characteristics. This and the participating institutions are implementing
diversity is recognized as a strength that allows the this program by strengthening collaboration with
Bank to be more adaptive, responsive, and resilient in universities, courses, and relevant ministries based
facing challenges. By creating a safe space for everyone on mutually beneficial principles. This collaboration
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3. Continuing employer branding through social media
channels and digital platforms that provide specific
information on the best work experience at the
Bank, job openings, and other relevant information
to raise awareness and attract the best talents,
including competition programs organized internally
by the Bank or in collaboration with external parties.
The social media accounts also help to bring the
Dian Natalisa
The Complete Banker (TCB) Bank closer to its external stakeholders, allowing
everyone who visits the Bank to have new and positive
The banking industry has been a field of interest for experiences.
me since I was in high school. After going through 4. Continuing the development of employee
various stages of interviews and selection, I felt ambassadors tasked with promoting the Bank’s
that the TCB program from CIMB Niaga was the
positive image through various offline and online
best decision. CIMB Niaga’s The Complete Banker
offers priceless experience in developing both the
channels.
technical and soft skills of trainees. Each rotation 5. Continuing active participation in the Ministry of
provided invaluable experience that broadened my Educational and Cultural Affairs’ Independent
understanding of banking and transformed me into Campus Certified Internship program in every batch,
a more competent professional.
with 565 college students enrolled in 7 batches by the
In the future, I hope CIMB Niaga continues to
end of 2024. The Bank’s participation in this program
provide opportunities for the younger generations demonstrates its concern for the early development
to develop their potential, as well as provide a of future leaders’ talents.
greater positive impact for CIMB Niaga. 6. Organizing competitions that support young talents
by providing a platform for enthusiastic young
innovators to explore, create, and showcase their
begins with identifying universities institutions that best ideas and talents. These competitions provide an
fit the Bank’s talent needs profile, then moves on to opportunity for all wishing to maximize their potential
investigating activities to implement at each stage and participate in career acceleration through The
of the study period and providing individual student Complete Banker.
development material through guest lectures to 7. Providing an entry-level development program
provide financial services and solutions to students, for fresh graduates who want to pursue specific
or other activities. The goal is to create a data source specialization paths, as well as formulate branding
for both college students and graduates, and to give strategies to create the correct positioning for
the most outstanding candidates the opportunity to opportunities and development programs for
participate in the selection process for entry-level prospective employees starting from internship
positions at the bank or to enrol in the bank’s new programs, apprenticeship programs, development
graduate development programs. To achieve this programs, and The Complete Banker Program to
goal, the Bank regularly holds events on campuses, increase awareness and interest of young talents in
provides offline and online lecture sessions, and opportunities that are available at the Bank.
provides scholarship and apprenticeship programs to 8. Continuing the Bank’s flagship programs, The
academically outstanding students. Complete Banker Programme, which aims to
2. Setting up various forums for seminars/discussions/ develop future leadership bench-strength and
talk shows/lectures for both Bank employees produce professional bankers who are competent,
and external parties, including collaboration with broadminded on the national and ASEAN regional
universities, communities, and course institutions banking scales, as well as in other industrial sectors,
both at home and abroad, to build a positive image and have integrity while being able to live up to
while attracting the best talents through the CIMB the Bank’s values to realize the Bank’s targets and
Niaga Career Festival program. This program is an strategies.
integrated event designed specifically for young 9. To find the best external talent for Senior and
talents who want to align their potential and learn Professional Hire positions, the Bank has developed
more about banking culture and work environment candidate data sources, conducted external talent
while looking for work opportunities through mapping, and strengthened market intelligence for
Company Visit, Goes to Campus Community, and Job these key and critical positions.
Fair activities.
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CULTIVATE TALENT & LEADERSHIP This learning program used a blended learning method
CIMB Niaga encourages all its employees to gain that focused on experiential learning, with a greater
knowledge and skills in digital and data as part of emphasis on leadership, immersion, design thinking, and
the bank’s efforts to prepare employees for digital executive coaching sessions.
transformation and Society 5.0 developments, such
as Agile methodology, Design Thinking, Coding, Data CIMB Niaga also regularly follows a structured and
Analysis, Gen AI, Machine Learning, and others. During integrated process for identifying talents and successors
2024, the Bank provided digital and data training and and specific developments. The process is carried out
understanding to 35,295 participants, including key to ensure the regeneration of leadership in the Bank’s
management. organization and business processes, particularly in
critical organizational positions.
Talent and Leadership Development Program
In order to ensure that leader employees, especially Leadership Assessment, Coaching and Mentoring
in Middle Management, increase their engagement CIMB Niaga conducts Leadership Assessments to obtain a
level, manage, develop, and retain their employees, complete picture of the leader profile of critical positions.
subsequently allowing them to contribute and work The goal is to assist each leader in self-development,
effectively, CIMB Niaga has launched a leadership enabling them to contribute fully and be prepared to face
program referred internally to as The Complete Manager. current and future challenges.
In 2024, as many as 1,379 middle management-level
leadership employees were enrolled in The Complete CIMB Niaga has evaluated over 550 leaders from various
Manager program. directorates through 2024. Furthermore, the Bank held a
series of development opportunities for senior and junior
In addition, CIMB Niaga develops its business leaders’ leaders, including a Strength Based Group Coaching
leadership skills by creating a strong Digital Leadership Session for 275 people and a One-on-One Coaching and
Brand. This program is intended to ensure that CIMB Mentoring Session for 349 people
Niaga leaders share common digital leadership qualities,
allowing CIMB Niaga to make significant progress in the The Bank continues to develop Digital Learning-based
digital era. technology, such as Virtual Reality (VR) technology, to give
an easy, flexible, well-targeted, and objective-meeting
The Digital Leadership Program for Senior and learning experience. VR Learning delivers learning
Middle Management seeks to increase participants’ content related to knowledge, skills, and behavior in 3D
competencies in leading digital transformation through animation model scenarios and 360 real scenario-based
technology, aligning business processes and goals videos in virtual simulations, making the learning process
while creating an innovation-stirring ecosystem. CIMB more impactful in goal achievement, immersive, safer,
Niaga held digital leadership workshops for 34 middle and engaging to learning participants.
management employees during 2024.
In 2024, CIMB Niaga further innovated by integrating
CIMB Niaga’s other leadership programs include the Artificial Intelligence technology into the VR module.
the CIMB Signature Leadership Program, which is a This new initiative enhances the learning experience
tiered leadership program designated for high-achieving by creating a more realistic and personalized learning
employees in collaboration with prominent educational environment, in which participants can interact with AI
institutions, including: that simulates real human interactions. By combining
• CIMB Leading Leaders Development Program VR and AI, CIMB Niaga offers dynamic, personalized,
designed for talents at senior management level (22 and interactive simulations tailored to each participant’s
employees) needs for a more effective and impactful learning
• CIMB Emerging Leaders Development Program experience.
designed for talents at middle management level (28
employees) CIMB Niaga added 3 new VR learning modules in 2024,
• CIMB Junior Leaders Development Program, designed bringing the total VR learning modules to 24 modules
for talents at junior management level (28 employees) and submodules, including customer complaint handling,
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account opening, fire handling, robbery anticipation, teller
service standards, Cash Replenishment Machine, phoning
skills, coaching skills, selling skills, communication skills,
MLD Complaint Handling, Earthquake and VR AI: MLD
Product. As many as 46,000 pax learners were engaged in
VR technology learning via VR Corner and VR equipment
distributed across 325 branches in Indonesia. The Bank
operates 10 VR Corners in Jakarta, Bogor, Surabaya,
Semarang, and Yogyakarta. In the future, CIMB Niaga will
Devri
Digital Banking Development Program
open VR Corners in Jakarta and other important cities.
The Indonesian Record Museum (MURI) recognized this
Working in the banking industry has been a passion
VR learning breakthrough as the first bank in Indonesia of mine for a long time, meeting many customers and
to employ VR Learning. Meanwhile the Indonesia Stock providing the best services has been undoubtedly
Exchange (IDX) recognized CIMB Niaga for its many an amazing experience for me. Taking the decision
to move from the previous company to CIMB Niaga
innovations in using VR technology as a learning method.
has proven to be the perfect decision for me to be
able to develop and continue to advance with the
In 2024, CIMB Niaga innovated its learning technology open opportunities given to me by CIMB Niaga.
by integrating various digital learning platforms into one
Hylearn platform in Arjuna. Features included Learning As a participant in the Digital Banking Development
Program, I highly appreciate CIMB Niaga for its very
on The Go (LOG), which has now transformed into LOG+,
satisfactory training facilities. During the training,
Knowledge Management System (KMS) and Learning
we were given a lot of experience and knowledge
Hub. related to the banking industry, in addition to that,
as training participants, we were also provided with
LOG+ is an application that can provide learning undocked facilities, making our time during the
training a highly enjoyable experience.
recommendations using AI (Artificial Intelligence),
consisting of LOG, Learning eXperience Platform (LXP)
I hope that CIMB Niaga continues to grow and
& My Learning Journey. LXP can recommend training develop into becoming the most suitable company
to employees to improve their competencies according to build the dreams and careers for Indonesia’s best
to their aspirations and needs more effectively since talents.
February 2024.
During 2024, CIMB Niaga added new modules to LoG, The Bank has implemented the Learning Hub since March
bringing the total number of LoG learning modules to more 2024 to provide easy access to the end-to-end training
than 1,900. The latest modules include AML Refreshment. process, in which employees can view training catalogs,
CFT & CPF, Cyber Security Awareness Refreshment, register for training, fill in attendance, pre & post-tests,
Consumer Protection, and Diversity and Inclusion. As evaluations, download e-certificates, as well as view the
many as 136,700 participants were registered in LoG history of training that has been attended. Throughout
learning. 2024, there have been more than 894 training catalogs,
consisting of Internal Training, External Training,
The LXP offers Various features to facilitate learning, Business Learning Sessions (BLS), Team Building, and
such as Skill-based Benchmarks, Live-Learning Events, Workshop categories, and have been accessed by more
and Self-scheduled Training. There are more than 241,000 than 32,300 pax learners.
contents, including more than 209,000 modules and
19,000 E-Books. Throughout 2024, LXP was accessed by For its initiatives and innovations related to learning,
more than 93,800 participants. Thus, the total E-Learning CIMB Niaga received the Gold category award at the
learning through LOG+ amounted to 230,500 participants. 2024 Brandon Hall HCM Excellence Award in the field of
Learning & Development for the categories of Best Use
The Bank has implemented the Knowledge Management of Augmented Reality and Metaverse, Best Use of Mobile
System (KMS) since February 2024 as an integrated Learning, and Best Learning Technology Implementation.
platform for collecting, storing, managing, and sharing
knowledge with the objectives of improving access,
exchange, and utilization of knowledge. Through the
KMS, learners can access News and Talks, Study Cases &
Lessons, Training & Education, Procedures & Regulations,
Products & Services, and Vendor Management.
Throughout 2024, KMS has been accessed by more than
890 learners.
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FUTURE PROOF ORGANIZATION The following is a form of implementation of the
CIMB Niaga has implemented the Hybrid Working performance management framework at CIMB Niaga.:
Arrangement (HyWork) program, which is evaluated 1. Board of Directors: with 2 performance targets, namely
regularly to ensure its effectiveness. The Bank provides Collective Scorecard to measure organizational unit
supporting work facilities and infrastructure, such as co- performance and serve as the basis for determining
working space and virtual collaboration tools, to increase the organizational unit bonus pool, and the Individual
employee productivity and engagement. Furthermore, the Scorecard to measure individual BMC performance.
Bank also ensures the mitigation of risks that may arise 2. Employees: performance targets in the form of Goals
through adjustments to policies and procedures that are cascaded down from the Collective Scorecard of the
evaluated periodically. In addition, the Bank continues Organizational unit.
to explore and identify options for adding co-working
spaces aligned with employee needs, considering the CIMB Niaga offers variable performance-based
location distribution of employee areas. remuneration for both individual and the Bank’s
performance, taking into account the Bank’s financial
As it embraces digital transformation and the demands capability and risk factors. This practice encourages
of Society 5.0, the Bank continuously assesses and motivates all employees to continue to excel and
organizational and capability effectiveness in the IT unit contribute to achieving all predetermined targets
as one of the essential elements to support the Bank’s while considering risk factors and the Bank’s financial
business growth. capabilities. The Bank formulates and implements
reward programs linked to short-term and long-term
The Bank also evaluates the effectiveness and design results and objectives, such as bonuses, incentives for
of the organization across all work units, including revenue generators, and innovation ideas or project
job categories, such as revenue generator, digital & implementation (OPERA).
data, operations, credit process, and enabler, as well
as reviewing the formation of new functions that OPERATIONAL EXCELLENCE FOR SEAMLESS
support the Bank’s future strategy, such as AI Office, EMPLOYEE EXPERIENCE
designated officer for Sustainability Finance, and others. CIMB Niaga consistently strives to improve employee
Furthermore, the HR unit conducts a study on optimizing experience at every stage of the employee life cycle. By
opportunities in several areas in collaboration with focusing on digitalization and process simplification, we
related business units, including increasing productivity, have successfully integrated various initiatives that drive
improving operational processes, maximizing the span operational efficiency and enhance a more satisfying
of control and layers, team consolidation, and reviewing employee experience, strengthening the relationship
branches. These efforts ensured that the organization between employees and the Company.
was ready to address future challenges.
In 2024, the Bank started to develop and implement a new
HIGH PERFORMING ORGANIZATION LINKAGE HR system, called ARJUNA, which is more user-friendly
TO PERFORMANCE AND CONTRIBUTION BASED and able to accommodate all personnel transactions, such
REWARDS as leave applications, overtime applications, employee
CIMB Niaga implements a performance management benefits claims, facilitating employee learning, such as
framework to support achieving the bank’s goals and LOG+, HyLearn, KMS, and others. ARJUNA is designed as
aspirations. The performance planning process is carried an interactive platform that allows employees to carry out
out through preparing performance targets, monitoring, every personnel learning and transaction easily, quickly,
assessment (mid- and end-of-the-year), and coaching and independently. The use of this digital platform
for employees with sub-standard performance. This is expected to increase over time, and it can exhibit
framework also includes evaluating the implementation satisfactory adaptation to the digital transformation
of the Company’s values (EPICC). The Bank implements implemented by the Company. In the future, ARJUNA
performance-based awards. Subsequently, assessment will continue to be further developed to provide more
results will be used as the basis to determine the comprehensive services related to Human Resources,
objective recognition and appreciation that will be given enabling it to provide a better experience for employees.
to employees.
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Administrative evaluation involves examining employee
background and educational, employment, and financial
histories, as well as potential money laundering (using
the Debtor Information System (SID) and Anti-Money
Laundering database owned by the Bank), social media,
and health conditions.
Meanwhile, competency evaluation is carried out in
Riska Insela Purnomo several ways, including:
Teller Cipta
1. The selection and recruitment process at CIMB
Niaga has applied the Value-Based assessment, in
As part of the CIPTA (Teller) Program, I have a
crucial role in representing the cash in/out services
which CIMB Niaga evaluates candidates not only
between the bank and customers. in terms of skills and work experience but also in
terms of conformity to EPICC values as part of the
I gained a lot of experience and guidance from the CIMB Niaga work culture. Implementating Value-
company to advance my career as a professional
Based assessment in the selection and recruitment
Teller. This is also supported by the benefits and
training programs, as well as excellent career paths.
process at CIMB Niaga has many benefits, including
allowing HR to make more informed decisions in the
I hope that CIMB Niaga can continue to grow in candidate selection process and building a strong and
its commitment to provide the best services to adaptable team to change in line with CIMB Niaga’s
its customers and to continue to innovate for the
EPICC values.
advancement of the company, as well as having an
impact on society in general.
2. Leaderless Group Discussion to assess the
competence of prospective employees, particularly
future leaders enrolled in the new graduate
development program, where they will learn how to
CIMB Niaga has also implemented a 24/7 Technology collaborate, analyze, and think innovatively.
Chatbot service integrated with HR Care as an employee 3. The interview process at multiple levels needs to
contact center. Personnel requests or questions can ensure that direct superiors are involved in the
be answered quickly, easily, and efficiently via various selection process.
channels such as WhatsApp, email, and phone. The
technology enhances employee experience, which is The Bank runs a recruitment process to meet its HR
reflected in the employee satisfaction index, measured needs both internally (high-achieving employees) and
regularly through employee satisfaction surveys for externally. It periodically evaluates the productivity and
the personnel services provided, reviewed, and used as development of a candidate management system and
a basis for a continuous development and improvement operates an applicant tracking system that supports the
process. HR strategy to make the Bank an employer of choice.
HR PROFILE INTERNAL (FROM WITHIN THE BANK)
As of 31 December 2024, CIMB Niaga had a total Internal recruitment programs are carried out in the
headcount of 11,063 employees. The reporting year’s following methods:
figure corresponds to the Bank’s business operational 1. The “2+3+3 policy” program allows employees with
needs and strategy execution in terms of quantity and at least two years of service and target-meeting work
quality. The demographic profile of CIMB Niaga’s human performance scores to be assigned to a new work
resources in 2024 and its comparison with 2023 are location within a three-month transition period.
available in the Company Profile chapter of this Annual 2. Internal employee transfer (Internal Movement)
Report. is intended to assist employees in their career
development, competency, and capability toward
RECRUITMENT becoming “agile” talents and reduce potential
CIMB Niaga conducts a selective recruitment process, operational risks. Furthermore, the Bank organizes
a comprehensive selection system, and adequate career acceleration programs for critical and strategic
infrastructure to attract the best talent. The recruitment positions in a structured and integrated manner. The
of new employees is prioritized for key positions in Bank will turn to external recruits when open positions
accordance with the Bank’s strategy. Each candidate will cannot be filled internally.
go through various comprehensive evaluation processes,
both administrative and competency-based.
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3. Getting potential employees involved in cross- j.Application of diversity and inclusion principles in
function projects to help them rapidly gain skills and a series of recruitment and selection processes
experience in other units. can provide broader opportunities.
4. Implementing Cross-Border Talent Mobility by 2. Senior and Professional Hire by:
providing employees with the opportunity to self a. Increasing external candidate data sources
develop through short-term assignments for various (external talent mapping) and improving market
functions or units, both within and outside the intelligence for key and critical positions.
country. Employees should benefit from this program b. Establishing collaboration with external parties
by broadening their knowledge and comprehensive and communities to provide talent with certain
understanding of the Bank’s operations. skill specifications to meet business needs.
c. Using the Staff Get Staff program to build a
EXTERNAL (FROM OUTSIDE BANK) network of internal employee relationships.
CIMB Niaga conducts an external recruitment program
that includes, among other things: CAREER DEVELOPMENT AND TALENT
1. Entry-level and Junior Management provided by: MANAGEMENT
a. Disseminating job opening information via campus
and community portals, course institutions or TALENT MANAGEMENT
training service providers, and virtual career fairs. Talent management is one of CIMB Niaga›s main
b. Disseminating job opening information through strategies for achieving competitive advantages
social media platforms, such as LinkedIn and and strategic goals and addressing future business
Instagram. needs. The Bank implements a structured, integrated,
c. Utilization of technology as an enabler. Utilization comprehensive talent management program to manage
of digital platforms throughout the recruitment and retain the best talents. Moreover, the Bank also aligns
process, including sourcing and job posting via employee career aspirations through career aspiration
links to various job portals and the Kejar Mimpi surveys, company needs, and individual development
application. plans according to the required competencies. The
d. Scholarships and apprenticeship opportunities for implementation of talent management is also directly
academically outstanding students as a fast-track connected to the Bank›s short-and long-term business
pathway to becoming Bank employees. plan. Subsequently, allowing the Bank to recognize,
e. Providing entry-level development programs manage, and develop the potential of high-achieving HR
for fresh graduates who will be prepared to be to be ready to face future needs.
future leaders of the bank or to pursue specific
specialization paths. Talent management implementation is divided into
f. Collaborating with various universities in three main components, namely: talent classification,
Indonesia and abroad, training service providers succession planning, and talent development.
or course institutions, and communities to build
student data sources and give the best students 1. Talent Classification
the opportunity to participate in the selection CIMB Niaga is a reference for measuring talent
process for entry-level positions at CIMB Niaga. categories and identifying talent profiles that match
g. Informing job openings for Bank employees and organizational needs. Identification is based on
external parties through discussions/seminars/ performance results, potential, application of Bank
talk shows/lectures at events, such as guest values in daily activities, and 360° assessment results.
lectures and the CIMB Niaga Career Festival.
h. Conducting an idea competition to recruit young 2. Succession Planning
innovators who will later get the opportunity to The Bank identifies and nominates talents as
join The Complete Banker program through fast- successors for critical positions and assesses their
track selection. level of readiness. In addition, periodic assessments
i. Streamlining the selection and recruitment are carried out to ensure the relevance of the
process for entry-level employees with One Day succession planning process.
Recruitment to improve the quality and number of
recruitments through faster decision-making on
the best prospective employees.
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3. Talent Development CIMB Niaga has integrated this program with career
As part of the ongoing selection of talents and development plans, performance management,
succession planning, the Bank remains committed to succession plans, and retention programs to ensure young
investing in providing talent development programs talents receive a structured and sustainable development
through the approach of Education, Exposure, program. Furthermore, TCB graduates receive continuous
and Experience programs that are carried out in a exposure through assignments in various key projects
specific and structured manner. Throughout 2024, across functions/units.
the Bank has carried out structured interventions,
particularly for employees identified as talents. These As the pandemic was controlled, the Bank began to
interventions include structured training, special reopen opportunities for cross-border TCB assignments
assignments, placements in CIMB offices outside to transfer knowledge and provide new exposure to TCBs
Indonesia, and involvement in the Bank’s strategic related to processes, products, markets, and diverse work
projects to improve capabilities and accelerate the environments. The TCB development program involves the
readiness of talents to fill the intended positions. TCB community and the Bank’s senior leadership through
sharing and team-building sessions. Furthermore, the
FUTURE LEADER DEVELOPMENT TCB community also has a mentoring program where TCB
The Future Leader development program aims to develop graduates will become mentors for TCBs who are still in
future leaders’ competency and skills while ensuring the education program.
the availability and readiness of leadership successors
and key positions at the bank. Through this program, To prepare for the development of Society 5.0, the Bank
CIMB Niaga ensures that leadership succession at the has modified the TCB program curriculum to include
Bank runs effectively. In 2024, the Bank continued The additional material and exposure to digital and data skills.
Complete Manager and Digital Leadership programs and Participants will gain skills, such as digital awareness,
ran a leadership program in collaboration with the CIMB design thinking, and data analytics, that will help them
Group and other leading institutions for Key Talents, who with digitalization and bank transformation.
are grouped into three category levels: Senior Leaders,
Middle Leaders, and Junior Leaders. Starting in 2024, CIMB Niaga will send TCB to CIMB Group
offices outside Indonesia as part of the TCB development
The Leading Leaders Development Program is in program’s journey.
collaboration with the International Institute for
Management Development (IMD), which is intended for By the end of 2024, CIMB Niaga will have recruited
Senior Leaders. The Emerging Leaders Development 530 graduates from leading universities in Indonesia
Program is in collaboration with Melbourne Business and overseas to participate in the TCB program. The
School (MBS). For middle Leaders, the Junior Leaders graduation rate of participants during the program was
Development Program is in collaboration with the Asia 85%. Graduates will hold key positions in the Business
School of Business (ASB) and the Global Institute For Unit and as a Business Enabler. As of 31 December 2024,
Tomorrow (GIFT). TCB graduates were assigned the following positions:
THE COMPLETE BANKER TCB 2024 2023
Since its launch in 2010, The Complete Banker (TCB)
Senior Vice President 2 2
program has been one of the Bank’s flagship programs,
Vice President 19 18
lasting 24 months. This program aims to develop
participants’ knowledge and skills related to the national Assistant Vice President 29 28
and ASEAN regional banking industry and other industries Senior Manager 34 28
by providing experience, exposure, learning, and job Manager 95 77
training in various functions/business units available
Assistant Manager 0 0
at the Bank, including the CIMB Group throughout the
ASEAN region. The TCB program is expected to be able Still enrolled in Educational
80 82
program
to sharpen and train the strategic, agile, innovative,
Total 259 235
solution-oriented, collaborative, and leadership-thinking
skills of the program’s participants. Subsequently, TCB
graduates will be able to become Universal Bankers and
Universal Leaders capable of filling senior management
positions in the next 7-10 years.
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HR COMPETENCY DEVELOPMENT
COMPETENCY DEVELOPMENT PROGRAM AND
OBJECTIVES
CIMB Niaga manages and develops HR competencies with
an integrated approach specifically designed to consider
employee needs, organizational goals, and business goals
in the short and long term. In 2024, the Bank conducted
preliminary research on technical competency mapping
Reynaldy Limbert
CIMB Preferred Development Program
for each of the job functions and job categories, which it
could later use as a key reference in its future efforts to
Through the CPDP program at CIMB Niaga, I have
develop higher HR competency. discovered an amazing opportunity to develop
my potential and contribute significantly to the
Human resource competency development is banking industry. In addition to providing practical
experience, this program also encourages me to
implemented through the following 3 main principles,
innovate and collaborate in achieving common
namely experience, exposure and training (education):
goals.
1. Experience I believe that CIMB Niaga can continue to grow by
HR competency development is carried out implementing the EPICC values, as well as creating
an inclusive and diverse work environment.
through expanding duties and responsibilities, job
rotation through a structured and integrated talent
An environment that supports innovation and
development program, and opportunities for internal sustainability will allow every individual to
movement according to future career aspirations contribute best as well as enrich the company with
designed according to career paths to support a variety of perspectives and ideas.
increasing employee competency to meet the
Hopefully CIMB Niaga continues to be a place
expected success profile.
where every talent can shine, as well as generate
new, high-quality talents.
2. Exposure
The Bank also focuses on providing exposure for
HR development through various programs, such
as coaching and mentoring, networking platforms,
assignments in various cross-border or cross- that can encourage the achievement of optimal
functional strategic projects, assignments in CIMB learning process goals. As part of its commitment
Niaga or CIMB Group subsidiaries in multiple countries to promoting economic, social, and environmental
through the Cross Border Talent Mobility program, harmony, the Bank also develops educational
and learning from fintech or start-up businesses programs in sustainable finance, including diversity
that have become the Bank’s partners. Furthermore, and inclusion.
the Bank allows employees to actively participate in
corporate social activities that support sustainable Every employee has an equal opportunity to advance and
economic development. develop based on their respective potential, interests,
skills, and available/open opportunities, in line with the
3. Education organization’s needs.
The provided education and training program is an
integrated program designed to develop individual, CIMB Niaga learns how to navigate the new normal
managerial, and leadership competencies, as well consistently as the Bank transitions into a hybrid pattern
as specific functional and technical competencies with a combination of online and offline/in-class learning
required to support main business targets, such as methods, but without ignoring the use of e-learning
sales, customer experience, credit, risk management, methods. The Compulsory Certification Program,
and compliance, while also preparing employees to Development Program, Apprenticeship Program,
face the development of Society 5.0. Every employee Acceleration Program, Digital & Data Program, Sharia,
is encouraged to gain more knowledge and skills in Sales & Credit Program, Sustainability Program, and
Digital and Data, such as agile methodology, coding, Leadership Program through various learning methods,
data analysis, design thinking, etcetera, using various including Inclass, Online Learning (LOG+), Job Training
learning channels and collaborating with internal and (OJT), Immersion Program, Knowledge Management
external parties both within and outside the country System (KMS) and Virtual Reality (VR) Learning.
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Currently CIMB Niaga has 7 Competency Based Training
(PBK) Modules for Qualification Level 4 (Executive),
namely:
- Fund Transfer Management for Banks Sub-Sector,
- Customer Securities Administration Sub-Sector,
- Cash Management SubSector,
- Foreign Exchange & Foreign Banknote Distribution
Sub-Sector,
Artta Gracia Malau - Treasury Transaction Settlement Sub-Sector,
Commercial Banking Development Program
- Trade Finance Transaction Payment Settlement Sub-
Sector.
If I were given the opportunity to turn back time, I
would still pick this career path. I am very grateful
- Payment Transaction Processing Sub-Sector.
to be given the opportunity to become a part of
CIMB Niaga, especially through the Commercial Moreover, CIMB Niaga also has 5 Competency Based
Banking Development Program (COMBA DP) path. Training (PBK) modules for Qualification Level 5
Through this program, I was equipped with a lot
(Supervisor), namely:
of knowledge and skills in banking, such as how
business segmentations work, particularly in CIMB
- Fund Transfer Management for Banks Sub-Sector,
Niaga, as well as their respective role and functions, - Customer Securities Administration Sub-Sector,
how to build relationships and communicate - Cash Management Sub-Sector,
with colleagues and customers to create good - Foreign Exchange & Foreign Banknote Distribution
collaboration, how the end-to-end credit process
Sub-Sector,
works, particularly in the Commercial Banking
segment, as well as proper work-life balance
- Payment Transaction Processing Sub-Sector.
management.
In addition, CIMB Niaga has organized education and
I hope CIMB Niaga continues to be committed training programs for 13,246 employees (including
to inspiring the younger generation to maximize
participants in education programs). Each employee
their potential, becoming a trusted solution for the
needs of its customers, and remaining resilient and
received an average of up to 20 days of training. The
innovative as an integral part of the development of education and training programs offered by the Bank
Indonesia’s banking sector. included three program models: academy, coaching-
mentoring-sharing sessions, and online learning.
EDUCATION AND TRAINING 1. Academy
Mengemban nilai Enabling Talent (E), CIMB Niaga selalu CIMB Niaga adopts an academic approach to
mengedepankan komitmen untuk memberdayakan implement employee capacity and competency
Carrying the value of Enabling Talent (E), CIMB Niaga development programs. This method integrates
prioritizes its commitment to empowering and developing employee recruitment, training, performance
every employee and strives to be the best place to work management, and feedback processes. Service
for the best talents. Academy, Sales Academy, Emerging Business
Banking Academy, Wealth Academy, Sharia Academy,
As a result, CIMB Niaga provides equal opportunities for Leadership Academy, Treasury Academy, Operations
all employees to participate in training and competency Academy, Risk Management Academy, Credit
development in a planned and sustainable manner, Academy, Audit Academy, Sustainability Academy
with due consideration for how to achieve an effective, and Digital & Data Academy are academy programs
efficient, and impactful learning objective. Drawing on the offered by the Bank.
Bank’s strategy, education and training programs derived
from the Bank’s various challenges and needs in carrying 2. Coaching, Mentoring & Sharing Session
out business activities in the banking industry. CIMB Niaga internally communicates the Coaching,
Mentoring, and Sharing Session Culture to foster
As of the end of 2024, CIMB Niaga had successfully self-confidence, optimism, and enthusiasm for work.
maintained its ISO 9001:2015 certification regarding This program is also an education and training method
the Provision of Education and Learning Services for that significantly impacts employees’ personal
the seventh time. CIMB Niaga has also been registered and professional development. The HR Directorate
and recognized as a Payment System and Rupiah Money facilitates both formal and informal forms of this
Management Job Training Institute (LPK SPPUR) by the program. As of 2024, 786 level leaders and employees
DKI Jakarta Manpower and Transmigration Office and participated in the coaching, mentoring, and sharing
Bank Indonesia. session program. In addition to the abovementioned
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leadership programs, CIMB Niaga organizes a RISK AND COMPLIANCE CULTURE
mentoring program to maintain and improve to CIMB Niaga embraces its commitment to developing
maintain and improve employee performance for a strong risk and compliance culture based on its
specific skills. In 2024, CIMB Niaga organized a corporate EPICC values. To encourage the development
mentoring program that involved 88 employees and of a strong risk and compliance culture, the Bank regards
55 mentors from within CIMB Niaga. the application of equality principles and employment
opportunities at the highest level. The approach has
3. Online Learning been selected to ensure that all employees carry out
Since 2018, CIMB Niaga has provided online or their duties and responsibilities with integrity and in
e-learning training and education with digital learning accordance with their respective skills and competencies
via “Learning on the Go (LoG)” that employees can by upholding the values of integrity.
easily install on their gadgets. Moreover, since early
2024, the Bank has been striving to provide a better Further, the culture of risk awareness and compliance
learning experience by launching Hylearn as part of is communicated internally in an intensive manner by
ARJUNA, which contains AI-based learning features, sharing with all employees all information and knowledge
with more than 241,000 content consisting of e-books, related to Risk Management and Compliance through
AI Simulators, Podcasts, Live Courses, Articles, Skill various media. The Bank also takes further steps and
Benchmarks, Modules, Audio Books, and others, by initiatives to implement the Bank’s Core Values, especially
the individual needs of employees (Personalized the value of integrity, including:
Learning Experience). Another feature of Hylearn 1. Building an Anti-Fraud Culture and Raising Employee
is the Knowledge Management System (KMS), a Awareness of the Code of Ethics and Code of Conduct
place to conveniently store internal knowledge and through training programs, campaigns, e-mail blasts,
information and allow employees to share knowledge. internal bulletins, workshops, and sharing sessions.
The third feature of Hylearn is the Learning Hub, 2. Updating and refining the Code of Ethics and Code of
which centralizes the application, registration, Conduct for all employees to comply with the latest
attendance, evaluation, and issuing of e-certificates developments in applicable regulations and the
for employees who participated in in-house or external practice of positive behavioral values accepted by the
programs. Employees are expected to have a fun and public.
valuable learning experience and conveniently access 3. Attesting commitment statements or each employee’s
the training and education programs anytime and implementation of the Code of Ethics and Code of
anywhere through online or digital learning platforms. Conduct, as well as compliance with the Integrity
Pact, which is carried out at least once a year.
REALIZATION OF COMPETENCY DEVELOPMENT 4. Encouraging extra discipline and consistency in the
PROGRAM implementation of applicable policies and procedures.
Data and discussion on the realization of competency 5. Collaborating with independent third parties to ensure
development programs during 2024 have been described independence and transparency in implementing the
in the Company Profile Chapter of this Annual Report. Whistleblowing Policy.
6. Improving Know Your Employee practices
COMPETENCY DEVELOPMENT EXPENSE implementation through:
During 2024, CIMB Niaga allocated funds/costs incurred a. Socialization of the Know Your Employee (KYE)
in organizing HR education and training amounting to framework for all employees, especially People
Rp180.14 billion. Managers.
b. Policy updates that include additional monitoring
aspects as well as the development of process
automation, which is an effective control tool for
KYE implementation.
c. The implementation of strict monitoring of
employee collectability by giving sanctions to
employees with collectability > 1 or proven to
have ignored information and reminders from the
Human Resources Directorate.
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EMPLOYEE TURNOVER RATE remuneration pursuant to all applicable laws. Several
In order to anticipate employee turnover, CIMB Niaga principles used in formulating Bank remuneration are
conducts market analysis and benchmarking, especially employee competency and performance (meritocracy),
for key and critical positions. The purpose is to keep the remuneration practices applicable in the market
Bank’s turnover in line with future business strategies and (market competitiveness), the principle of suitability
plans for the Bank to remain competitive in the market by and suitability in accordance with the position, internal
referring to the Bank’s financial capabilities. equality, level of position risk, performance, and the
Bank’s financial condition, as well as the Bank’s long-term
During 2024, the voluntary employee attrition (turnover) strategy. A review of the remuneration system is also
rate was recorded at 7.63%, one of the lowest in the made on policies and procedures for employee benefits
banking industry, and a decrease of 0.57% (YoY) compared that can motivate employees with due regard to the
to the previous year. Bank’s capabilities and risks.
Turnover 2024 2023 RETENTION AND PROMOTION
CIMB Niaga always makes efforts to retain its high
Incoming Employee 1,597 1,694
performing employees, both in cash and non-cash.
Outgoing Employee 1,644 1,510
Periodically, the Bank analyzes cash compensation,
especially for key and critical positions, in order to remain
PERFORMANCE ASSESSMENT competitive in the labor market, using the Bank’s financial
Performance Indicators (KPI) approach for Directors capabilities and risks as guidance. In every fiscal year, the
and Goals for employees that are prepared based on the Bank organizes the Outstanding Performance Recognition
Bank’s performance targets for related units. Alignment Award (OPeRA) program as a means of presenting awards
of KPIs and Goals with the Bank’s objectives and to employees in business units and in support functions
strategies is carried out by taking into account risk and who have shown high performance in their respective
compliance aspects. The following are the performance fields.
assessment stages carried out by CIMB Niaga to ensure
the assessment process is carried out in a fair and The Bank also has a long-term employee retention program
objective manner: in the form of the Talent Retention Incentives Program
1. Self-assessment (TRIP) and staff loan, using the performance of the Bank
2. Preliminary review and employees as guidance.
3. Validation of performance by related units
4. Face-to-face performance discussion process In addition, in terms of providing benefits, the Bank
between superiors and employees (1-on-1 discussion) organizes a lifestyle benefit program where each employee
can choose benefits that suit their respective needs.
CIMB Niaga also employs feedback in the performance Moreover, in order to increase employee engagement with
assessment process that is consistent with the main the Bank, CIMB Niaga also provides scholarships to the
behavior of each EPICC value, including 180 feedback employees and their children.
on EPICC for Senior Leaders and Top Management. As a
result, every employee, including all Leaders, is expected Employees are given the opportunity to develop
to implement EPICC behavior in carrying out their daily themselves, both in terms of technical competence and
roles and responsibilities. leadership, with an extended scope of responsibilities,
cross-unit assignments, participation in key projects, and
REMUNERATION other placements that are structured effectively based on
CIMB Niaga’s remuneration strategy is designed to employee position, performance, and competency. One of
attract, motivate, and retain employees, which will allow the existing self-development programs is the acceleration
them to deliver optimum performance to support the program, where employees receive intensive training
achievement of the set targets. To that end, CIMB Niaga that can make them more adaptive to the new tasks and
is committed to implementing competitive remuneration responsibilities and able to deliver maximum results, in
that is in line with the Bank’s financial capabilities that addition to providing remuneration adjustments according
can support employee welfare. to their duties and responsibilities.
The Bank periodically reviews the implementation of its To give an overall picture of the remuneration and
remuneration system to remain focused on implementing investment that has been given to certain level employees.
dynamic, responsive, risk-based, competitive
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RETIREMENT PREPARATION PROGRAM supported by VR-based learning infrastructure in 10
CIMB Niaga offers a retirement preparation program for VR Corners, 325 Branches, and 2 VR Hubs, as well
employees and their partners, with the goal of informing as the launch of LOG+, which contains more than 241
them about their rights, obligations, and procedures for thousand LXP learning contents.
receiving retirement benefits, as well as post-retirement 4. Hybrid working for certain types of work while still
entrepreneurship programs. This retirement planning prioritizing employee productivity and the Work From
program was available to 62 employees in 2024. Heart (WFH) spirit as an effort to improve the best
service for customers, both internal and external;
EMPLOYEE ENGAGEMENT AND
ORGANIZATIONAL HEALTH DIVERSITY & INCLUSION
The Bank responds to the dynamics of rapid change in
ORGANIZATIONAL HEALTH INDEX various aspects, including economic, business, social,
As part of CIMB Niaga’s commitment to creating a cultural, and environmental, that have triggered public
productive work environment and deeper employee awareness of various matters related to diversity and
engagement, CIMB Niaga maintains the Organizational inclusion by building a strong organization and promoting
Health Survey program, which allows employees diversity and inclusion, which means that the Company
to express their personal views and opinions about celebrates the unique differences of each employee
organizational health in their respective units. including background, experience, age, gender and
other traits of strengths that enable the Company to
This survey measures 9 (nine) outcome dimensions: become more adaptive, responsive and resilient in facing
Direction, Accountability, Coordination & Control, challenges and providing a safer space for everyone as
External Orientation, Leadership, Innovation & Learning, they collaborate to make a contributing part to strengthen
Capabilities, Motivation, and Work Environment. The and cement the Company’s business and organizational
survey results will be used as a guide for each work unit health.
to develop improvement commitments that are agreed
upon by all team members. CIMB Niaga implements Diversity & Inclusion with several
initiatives and programs through the following pillars:
In the 2024 OHI Survey, CIMB Niaga successfully
maintained its position in the top 10% (Top Decile) as a 1. Strategic Intent
high-performing Company compared to other financial The principle of diversity & inclusion is integrated into
institutions in ASEAN. Additionally, the nine outcome the Bank’s overall growth strategy and campaigned
dimensions that are the main aspects in measuring a through various internal and external channels to
healthy organization in the OHI Survey also showed send a clearer and stronger message about how the
excellent results, with all of them being in the Top Decile. principle has been applied. In this case, the Bank
seeks to build awareness amongst the stakeholders
The company consistently continues to implement several of the application of the diversity & inclusion principle
initiatives to create a healthier organization through through sharing on CIMB Niaga’s official website and
creating a positive and inclusive work environment, as internal communication channels, including articles
follows: related to harassment/insults and discrimination in the
1. EPICC-based initiatives, including EPICC Connect, Code of Ethics and Code of Conduct. This all aims to
EPICC Ruang Bersama NGOPI (Skip Level), EPICC ensure that stakeholders understand more about the
ASIK, and the selection of OPERA EPICC Stars Bank’s efforts to ensure consistent implementation of
through EPICC HEROES in work units integrated the principles of diversity and inclusion.
with Arjuna Recognition and feedback, which are real
implementations and appreciation of EPICC values in 2. Education and Awareness
work units; The Bank provides various education/training channels
2. Various employee wellbeing programs, which include including leadership, interpersonal programs that can
physical and mental health through the opening of 4 be participated in by employees of various levels,
new SHINE clubs, as well as the implementation of virtual learning/seminars and online learning that are
diversity & inclusion programs, such as PERSPEKTIF, widely open to all employees, including special topics
YOUNG@CIMBNiaga, and the Digital Leadership that highlight the role of women in innovation, eco-
Conference. technology, social environment, and other inspiring
3. Enabling talent initiatives and leadership development topics. Internally, the Bank also builds employee
programs through The Complete Manager, Compact awareness through thematic campaigns, which
Digital Leadership Programs, Signature Leadership are run monthly with different themes of diversity,
Programs, and Sustainability Training. This is also equality, and inclusion.
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3. D&I Dashboard & Reporting features to Octo Mobile, Robotic Process Automation,
The Bank also carries out routine monthly supervision development of Bank products and services, Corporate
of various programs or activities within CIMB Niaga Social Responsibility process and activity improvement,
that are indicated as violating the principles of and Sustainability.
diversity & inclusion.
INDUSTRIAL RELATIONS
4. Leadership Influence
Leaders are role models in creating a positive work COMMITMENT TO INCREASED PRODUCTIVITY
environment. Therefore, the Bank ensures that its CIMB Niaga places the Workers Union as the Bank’s
leaders consciously and responsibly support the strategic partner to implement strategies and policies as
creation of an environment with an inclusive culture the Bank works to achieve sustainable business growth.
by several internal media in the Bank (also applicable The Bank’s commitment to building and maintaining
to external media). industrial relations is materialized by maintaining proper,
sound, and harmonious working relationships between
5. Talent Action (Employee Experience & Management, Employees, and Labor Unions. The mutual
Empowerment) and harmonious relationship of industrial relations has
Talent action (employee experience and the ultimate goal of increasing the productivity and
empowerment) is carried out to give employees welfare of employees and the Bank.
of different backgrounds the support they need
to get equal opportunities for development and In 2024, Management and the Workers Union collaborated
prosperity, without discrimination whatsoever on the and reached an agreement in the Collective Labor
characteristics of each one of them. Agreement (CLA) Negotiations for the 2024–2026 period.
This confirms that the communication and cooperation
6. Sustainability and Empowerment process built between Management and the Workers
CIMB Niaga gives opportunities by hiring individuals Union can produce positive things for the progress of
with special needs (disabilities), women, and young CIMB Niaga in the future.
people with skills that meet the qualifications at
certain positions to manifest its commitment to INDUSTRIAL RELATIONS ACTIVITIES
helping build a society with inclusion and justice. CIMB Niaga accommodates four workers’ unions (SP),
including the CIMB Niaga Indonesia Bank Worker Union
OPeRA INNOVATION (SPBCNI), the CIMB Niaga Employee Association (IKCN),
In 2024, CIMB Niaga held another OPeRA Innovation the CIMB Niaga Bank Employee Union (SKKBCN), and
program as part of its digital strategy initiative and the Niaga Community Association of Worker Union (IKN).
sustainable development culture. The purpose of this The four Workers Unions have members spread across
program is to stimulate innovation culture, encourage both the head office and CIMB Niaga branch offices
employees to contribute with business development throughout Indonesia.
ideas and reward creative and innovative ideas that have
a positive impact on the Bank. In an effort to build and maintain effective and continuous
communication, CIMB Niaga routinely uses the Bipartite
Employees are trained by Subject Matter Experts on how Cooperation Institution (LKS Bipartit), which is expected
to produce, manage, and deepen innovation ideas along to create harmonious industrial relations, subsequently
with good presentation techniques. During this umpteenth creating a sound and constructive work environment.
session of OPeRA innovation, as many as 359 innovation
proposals were collected and judiciously selected, both This Bipartite Cooperation Institution (LKS) is a productive
individuals and innovation teams, who were then given a forum for Management and Workers Unions, especially
chance to present their ideas to the management in the for discussing follow-up actions from the results of the
final round. The various ideas collected varied, including 2024-2026 CLA negotiations.
those related to the use of Generative AI, adding
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AWARDS IN HR MANAGEMENT includes improving ARJUNA, providing personalized
CIMB Niaga constantly strives to implement best learning, expanding Virtual Reality (VR)-based learning
practices in HR management. Continuous development, programs, and other developments. In addition, ongoing
comparative studies, and participation in global award organizational reviews will be conducted to build a
competitions are carried out to provide added value to strong, effective, and efficient organization that can
the Bank, support the Bank’s business growth, and to adapt to business needs in accordance with applicable
become an Employer of Choice. This is evidenced through organizational guidelines.
various recognitions and awards received during 2024
from various prestigious institutions on a local, regional, In supporting employee welfare, CIMB Niaga will continue
and global scale, both in the company and individual to improve the quality of employee well-being. This effort
categories: includes evaluating and optimizing the implementation of
hybrid working methods, taking into account productivity,
No Organizer HR Award for CIMB Niaga customer service, organizational and employee needs,
operational risks, and engagement levels. The Bank
The Best Human Capital for Human
Capital Digitalization to Improve will also expand flexible benefits while intensifying the
1 Warta Ekonomi
Effectivity and Digital Employee Company’s sustainable culture internalization program,
Experience
focusing on diversity and inclusion (D&I).
1. Excellence in L&D and Knowledge
2 SWA & FEB UI Management
2. Excellence in Wellbeing Management In terms of talent fulfillment and management,
CIMB Niaga will continue strategic partnerships
1. Excellence in Employer of The Year
2. Excellence in Talent Management with universities, employee exchange programs for
Human 3. Excellence in Workplace Wellbeing outstanding employees, both domestically and overseas,
3 Resources 4. Excellence in Learning Development
Online 5. Excellence in Graduate Recruitment development of structured programs for managers,
6. Excellence in Employee Advocacy & professional certification in digital and data, and other
Brand Ambassador
initiatives. All of these programs are designed to equip
Asian employees with relevant skills to support individual
Experience by Indonesia Employee Experience of the
4
Asian Business Year – Banking growth and the Bank’s progress.
Review
Indonesia Best Companies in Creating The Bank will also continue to review the organizational
5 SWA & NBO
Leaders from within 2024 structure to ensure continued efficiency and effectiveness
1. Best Learning Technology as well as the use of technology/AI by referring to the
Implementation applicable organizational provisions’ guidelines. This
Brandon Hall 2. Best Advance in Mobile Learning
6 flexible and responsive structure aims to accelerate the
Group Technology
3. Best Use of Augmented Reality & launch of products to the market, which will subsequently
Metaverse
be able to meet customer needs while adapting to
changing market dynamics.
HR PLANS, STRATEGIES, AND POLICIES FOR
2025 As part of employee development, CIMB Niaga will
In 2025, in line with the Bank’s direction and strategy, continue to run various flagship programs, such as The
in terms of HR development, CIMB Niaga will remain Complete Banker (TCB), Development Program (DP),
committed to improving HR quality and organizational Internship, Leadership Program, and internal facilitator
effectiveness through a series of strategic initiatives development. Furthermore, the Bank will also develop
based on the main pillars, including Organization of internal facilitator capabilities to strengthen knowledge
The Future, Talent Growth Hub, Performance-Driven and skills at CIMB Niaga, as well as improve cost
Organization, and Leading Employer Branding, which are effectiveness, digital leadership, and the implementation
based on EPICC values in every aspect of work and HR of other Signature Programs.
management that supports the Bank’s strategy and is
oriented towards data and the use of technology.
Through these strategic measures, CIMB Niaga will
The use of digital innovation will continue to be developed continue to be committed to being a workplace that
to increase effectiveness and create a Digital Employee supports the development of employees and the Bank’s
Experience (DEX) at every stage of the employee business goals/strategies in 2025.
work cycle, from onboarding to exit. This initiative
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Operations and Information Technology
To support business processes and improve the banking experience for all
customers, CIMB Niaga’s Sub-Directorates of Operations and Information
Technology continues to focus on the development of targeted and effective
digital services and technology to support banking services that are
customer-centric and convenient.
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VISION AND MISSION OF THE DIRECTORATE These various initiatives were also balanced with
OF OPERATIONS AND INFORMATION increased efficiency of work processes, one of which is
TECHNOLOGY the centralization of processes with similar activities and
the same stakeholders, while also being able to develop
VISION expertise from related operations work units. Synergy
Building and transforming the Directorate of Operations with business units and other work units also continued
and Information Technology to become a strong business to be improved and well cultivated to collectively achieve
enabler and driver by providing reliable, timely, secure the main targets of the Bank.
and cost-effective services in order to continuously
improve customer satisfaction. As an effort by CIMB Niaga to support the control of
operational costs, these initiatives have been carried out,
MISSION namely:
1. Execute transformation & improve digital initiatives 1. Renegotiating with existing vendors and selecting
2. Continuing the journey to achieve operational new vendors that are able to provide a good balance
excellence between services and efficient costs.
3. Implement robust risk management and control 2. Comprehensive monitoring of employee productivity
processes to identify work units that are running optimally and
4. Improve resilience & security of Information those that are sub-optimal, consequently carrying out
Technology resource reallocation to ensure that the efficiency of
5. Promote a high-performance culture the Bank’s operations can continue to be maintained.
6. Upskill and reskill on employee. 3. Implementing a strict recruitment process in order to
7. Continuous journey on cost management. replace retiring and resigning employees.
4. Continuing the Smart Spending program in the
OPERATIONS context of cost control by seeking opportunities to
CIMB Niaga has established the Sub-Directorate of increase cost efficiency in all operations working
Operations, which is responsible, among other things, units.
for ensuring that customer transactions are carried out 5. Increasing automation and simplification of
in line with our Service Level Agreement, as well as operational processes.
for updating Policies and Procedures in the context of
risk management and mitigation. In addition, the Sub- WORK PROGRAM AND ACHIEVEMENTS IN 2024
Directorate of Operations also carries out improvements The following are the work program and performance
to the Bank’s operational processes to be more effective achieved by CIMB Niaga in the field of Operations:
and efficient and to have a clear and comprehensive 1. Improvement and simplification of processes in
business model. operations working units for processes that are still
carried out manually through system development
STRATEGIES AND POLICIES or Robotic Process Automation (RPA), consequently
In 2024, despite the various challenges, the Bank’s reducing processing time.
operational activities were successfully implemented and 2. Carried out operational initiatives that could reduce
had a positive impact on the development and growth of paper use to support sustainability.
the Bank’s performance. This was achieved due to the 3. Carried out monitoring and control of credit
strategies we implemented in supporting all of the Bank’s documents spread across various locations using QR
operational activities, which indicated improvements in codes.
various aspects, including the launch of new products 4. Conducted Re-skill and Up-skill for operational
and services, as well as an increased number of customer employees by providing all staff with various training,
acquisitions and additional opening of new accounts by both offline and online, as well as through the
existing customers. Business Learning Session (BLS) program, experience
sharing sessions, active discussions, and independent
In addition to monitoring and maintaining employee training by staff through the Learning On the Go (LoG)
productivity to always remain optimal, the CIMB Niaga application.
also continues to innovate by launching various initiatives 5. Established succession planning to ensure the
to provide fast, precise, secure, and efficient services. continuity of leadership and operational processes,
CIMB Niaga adds automation capabilities to operational starting from the identification process to the
processes, increases digitalization, uses Robotic Process development of potential staff who can replace key
& Workflow, and makes continuous process improvements positions in the event of changes, such as retirement
while continuously prioritizing operational risk control or job transfers.
and management.
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6. Implemented Operational Risk Management with a transactions. In addition, CIMB Niaga will also
focus on the availability of risk mitigation and control continue to use Robotic Process Automation (RPA)
in every operational activity or service provided for for processes, such as collateral data maintenance
customers. Implemented Know Your Employee, where and end-to-end payment processes for ATM, Biller
every leader must know all the employees under their and credit card transactions, including settlement
supervision well and take an active role in maintaining and reconciliation. This will help in minimizing manual
a good code of ethics for each employee through processes that are prone to human error.
coaching and regular refreshment sessions on work
processes in each working unit. 2. Reskill and Upskill of Operational Staff
7. Continuously improved the operational control In the fast-paced and dynamic era, operational work
process by making improvements in the Risk and units require staff who are responsive to customer
Control Self-Assessment (RCSA) process and needs and receptive to addressing technological
monitoring corrective action on audit findings or RCSA advances as well as regulatory changes to ensure
test results and operational incidents that occurred in that customer expectations and satisfaction, as well
order to ensure errors or weaknesses that occurred as alignment with regulators, can be met. Through
are not repeated, also supported by routine morning the ongoing reskill and upskill programs, reliable
briefings, as well as incident cross-learning to learn work skills in carrying out daily tasks for the staff
from incidents that occurred in other work units. of operational work units are expected. In addition,
rotation programs and short-term work placements
AWARDS are also efforts to complement the capabilities of the
The following are several awards received by CIMB Niaga operations work unit’s staff.
in the field of Operations in 2024:
1. Straight Through Processing (STP) Award from Bank CIMB Niaga will provide knowledge exposure to the
of New York (BONY) Bank’s staff in IT and other fields to increase their
2. Straight Through Processing (STP) Award from knowledge and understanding. This will be done by
CITIBANK N.A. rotating our staff internally based on assignments.
3. Straight Through Processing (STP) Award from JP Furthermore, CIMB Niaga will continue with the
Morgan “Business Learning Session” (BLS) to ensure that staff
are always up to date with every change in standard
FUTURE PLAN, STRATEGIES, AND POLICIES operating procedures (SOP).
Through the Sub-Directorate of Operations, CIMB Niaga
has established the following work plan for 2025 as an 3. Improvement of Operations Processes and Support
effort to anticipate business challenges and provide Systems
operational support for CIMB Niaga in an effective, In order to improve work efficiency and reduce
efficient, and sustainable manner: operational costs, CIMB Niaga also continues to
improve processes with sub-optimal workflow, such
1. Leveraging Technology and Data as the integration of systems that are included in the
In an effort to improve faster and more efficient same workflow, the development and optimization of
services, the use of technology and data becomes a applications that have a direct impact on the bank’s
determining factor for operational work units. Through business processes, or the replacement of systems
initiatives such as bulk upload technology, embedded that do not provide excellence in providing services to
additional security features on file-sharing media, customers.
and automation of data compilation processes for
reporting, as well as updating technologies that are The Bank will also implement workflows into existing
no longer supported, will be the focus in operational processes to ensure that every transaction can be
work units. tracked. This will assist CIMB Niaga in determining
the achievement of the SLA or if there are possibilities
The Bank will explore the use of AI/Machine Learning to improve the existing processes to realize our
technology for areas such as the “ATM Money targeted SLA. This will assist in improving the overall
Prediction Tool” for ATM refills and automating customer experience (CX). CIMB Niaga will also
daily vendor reports for reconciliation and counting continue to strengthen and centralize the overall
cash. CIMB Niaga will also explore the use of AI in reconciliation process in operations. This will ensure
data validation processes for loan and trade-related the implementation of good control processes across
the Bank’s operational.
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4. Improvement of Operating Model and Governance e) Ensuring a strong Business Continuity Plan in critical
The efficiency of the work process is also a business areas and activities to ensure that it can be
consideration and target to be achieved in reviewing implemented at any time to guide the continuity of
the operational model and governance of operations the bank’s business and operations in an emergency
working units. Centralization of work processes with situation.
similar flows or stakeholders will be carried out, as
well as the merger of work units that can provide INFORMATION TECHNOLOGY
added value to the development of the bank’s business
and support sustainable growth. STRATEGIES AND POLICIES
In order to support sustainable business growth in 2024,
Through periodic productivity reviews in operational through its Sub-Directorate of Information Technology,
processes, CIMB Niaga will continue to optimize CIMB Niaga remained committed to providing high-
existing operations staff. In addition, the CIMB Niaga quality Information Technology (IT) services. Through its
will determine the measurement of unit costs for active role as a business enabler, CIMB Niaga provides
operational processes (unit cost), with the objective more than reliable IT infrastructure; it is also proactive
of cost efficiency that can be carried out continuously in identifying new customer-centric opportunities and
in the coming years. developing innovative digital solutions. This aims to
optimize business potential and increase customer
satisfaction, as well as continue the foundation of CIMB
5. Robust Risk Management and Control Niaga’s six pillars of strategic policy in the IT sector that
Providing services to customers takes more than have been carried out in the previous years and continued
speed, accuracy, and flexibility; it must also observe in 2024 in supporting the Bank’s vision and mission.
proper risk control and management. CIMB Niaga
always emphasizes the importance of operational The six pillars are:
risk control in every management activity or service
provided to customers. 1. Increasing Customer Base Through Digital
Acquisition
To achieve this, CIMB Niaga will carry out the following: Providing a seamless and integrated experience for
a) Periodically updating employee knowledge in each customers through various digital channels with
operational work unit regarding the applicable convenience for customers/potential customers to
Standard Operating Procedures (SOP) through obtain easy, fast, and secure banking services.
Business Learning Sessions (BLS) to ensure that
the knowledge of all staff in the Sub-Directorate of 2. Sustainable Deposit/CASA Growh
Operations is in line with current conditions. Focusing on the digitalization of business models,
b) Adopting the Know Your Employee (KYE) concept, in digital lines, and customer touchpoints to generate
which each superior is familiar with all staff under deposit/CASA growth and advance the Bank’s
his/her supervision well and has an active role in business.
maintaining a good culture and code of ethics for each
staff through regular training. 3. Differentiate Sharia Business
c) Implementing risk control and supervision of Optimizing the potential of information technology
operational activities that have the potential to lead and effectively focusing on the development of
to operational errors by automating processes and the Sharia Business Unit’s ecosystem, improve
utilizing technology for reconciliation, monitoring, operational efficiency, expand service reach, and
and management, as well as using data for analysis strengthen corporate governance that are based on
processes. sharia values.
d) Conducting improvements to Risk and Control Self-
Assessment (RCSA) and monitoring corrective 4. Built Resilient and Future Tech
actions on audit findings or RCSA test findings and Building and maintaining a stable and resilient
operational incidents that occurred. This is being modern platform as a foundation for sustainable
carried out to prevent recurring operational errors. digital empowerment that is adaptive to technological
advances.
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5. Evolve Future Operating Model 2. Improving the function and capabilities of the Security
Implementing comprehensive digital transformation Operation Center (SOC) by implementing Security
through microservices architecture, adopting agile Orchestration, Automation, and Response (SOAR) and
DevOps practices, as well as cultivating a customer- User and Entity Behavior Analytics (UEBA).
centric innovation culture, supported by reliable 3. Developing a Breach Attack Simulation Tool to assess
technology talent. and analyze the organization’s defenses against
attacks, as well as optimizing security strategies.
6. Cyber Security Resiliency 4. Launching a bank-wide Personal Data Protection
In the ever-evolving cyber threat landscape, CIMB program by developing a Personal Data Protection
Niaga continuously adopts an adaptive cyber security framework through phases 1 and 2 that will be
framework. This enables the Cyber Security unit continued into the operations, optimization, and
to anticipate new threats, increase resilience, and adjustment phases as required by the Personal Data
respond to incidents quickly and effectively. Protection work program. This process includes
the operations of a data protection program that
Cybersecurity policies and strategies in 2024 focused on is integrated into the Bank’s product and service
strengthening the ability to detect, respond, and recover development process, third party risk assessment,
from cyber threats, in accordance with the provisions reporting mechanism for personal data protection
of POJK No. 11/POJK.03/2022 on Implementation of failures to relevant parties, and the development of
Information Technology by Commercial Banks and SEOJK a bank-wide awareness enhancement in a continuous
No. 29/SEOJK.03/2022 on Cyber Resilience and Security manner.
for Commercial Banks. Currently, proactive monitoring 5. Updating infrastructure devices in the Data Center,
of user activity and behavior has been implemented to which includes Backup hardware in Production
detect potential threats as early as possible to ensure and Disaster Recovery environments, as well as
that threats can be identified and handled before they Virtualization hardware and software in Non-
pose a greater risk. In addition, responses to potential Production environments.
incidents can be carried out quickly and effectively by 6. Implementation of SD-WAN (Software-Defined
implementing automation and orchestration processes. Wide Area Network) network devices at CIMB Niaga
branch locations, Disaster Recovery Automation for
On the other hand, vulnerable areas that may become Credit Card application services, OCTO Mobile, and
access points for cyber threats are continuously mapped Custodian.
and managed, and the security of users’ digital identities 7. Implementation of automatic checking mechanisms
is ensured. This allows for control over data access and for objects of multiple applications in the Data Center
prevents potential misuse. This strategy is also supported environment.
by a systematic incident recovery procedure to ensure 8. Updating the network infrastructure hardware and
that services can be restored quickly in the event of servers in Call Center services.
disruption.
UTILIZATION OF DIGITAL, ARTIFICIAL
WORK PROGRAM INTELLIGENCE, AND DATA ANALYTICS
The main work program implemented by CIMB Niaga in 1. Measuring the level of the Bank’s digital maturity and
the field of IT in 2024 was to improve customer service by readiness through the Digital Maturity Assessment
improving the features of products and services on digital for Bank (DMAB), in which the Bank’s maturity level is
platforms and in branches. In addition, the efficiency at level 2.
process in all operational lines of the Bank was also the 2. Improving the knowledge and skills of each Human
focus of CIMB Niaga’s program in the IT sector in 2024. Resource with training related to Cloud Technology,
Increasing security and protection for customers was Generative AI, Application Security, Agile and Digital
also implemented through: Transformation.
1. Improving the capabilities of Cyber Security in 3. Development of an integrated Application Program
analyzing and detecting vulnerabilities and security Interface (API) to create faster and easier interactions
issues against the Bank’s digital assets with Attack with business partners.
Surface Management (ASM). 4. Utilization of artificial intelligence, machine learning
and Generative AI to support the development of
business units and improve services to customers
(better customer experience).
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5. Utilization of Robotic Process Automation (RPA) COMMITMENT TO TECHNOLOGY AND
technology and maximizing the implementation of OPERATIONS GOVERNANCE
software systems that will assist the work process The implementation of Information Technology (IT)
flow (Digital Workflow) in Information Technology Governance is an integrated part of corporate governance,
work units, operational units, and other business which includes implementing governance processes
units. relating to IT issues, including disruption, cybersecurity,
and disaster recovery. Through the implementation of IT
PRODUCT SUPPORT DEVELOPMENT Governance, the Bank ensures that all major risks have
1. Improving the function and capabilities of the Self- been identified, managed, and reported to the Board
Service Banking (SSB) application by updating of Directors. The manifestation of the commitment to
technology from the Monolith platform to the implementing IT Governance is realized through:
Microservice platform. 1. Implementation of duties, responsibilities, and
2. Building a Digital Loan application that can support authority of the Board of Directors in determining the
the Bank’s product development plan to ensure IT strategic plan, as well as evaluating and monitoring
that it can handle massive micro-loan orders and all IT implementation activities.
registrations. 2. Implementation of duties, responsibilities, and
3. Improved services and information for customers authority of the Board of Commissioners in evaluating,
through the implementation of a new Chatbot platform directing, and monitoring IT strategic plan and IT
on digital channels, namely WhatsApp, OCTO Mobile, governance implementation.
OCTO Clicks, and CIMB Niaga website. 3. Performance of IT Steering Committee in providing
4. Modernization of the Video Banking application used recommendations to the Board of Directors
for financial transactions at the CIMB Niaga Digital regarding the strategies, policies, development, and
Lounge. implementation of the Bank’s information technology.
5. The first stage implementation of the Arjuna
application as a Unified HR Platform at CIMB Niaga. In order to assist and support the implementation of
6. Limited launch of GenAI-based Knowledge duties and responsibilities of the Board of Directors, the
Management system for the Contact Center. IT Strategic Committee meetings are regularly held every
7. Digitalizing the Sunlife product referral process by quarter, and updates are also periodically provided to
Relationship Managers using the integrated OCTO members of the Board of Commissioners concurrently
Smart application. serving as members of the Independent Risk Monitoring
8. Implementation of a simpler Wealth Management Committee (KIPER) and Audit Committee.
transaction authentication mechanism with Multi
-Factor Authentication (MFA) from OCTO Mobile. As a form of compliance with the Regulators in the aspect
9. Updates to the Treasury application to ensure of IT Governance, CIMB Niaga is committed to carrying
Reliability and Availability to support business units out compliance, which includes:
within the limitations of new functionality/modules/ 1. Compliance with Financial Services Authority (OJK)
enhancements, as well as readiness for global regulation regarding periodic self-assessment on
regulations (Secured Short-Term Financing Rate the Bank’s digital maturity level; in June 2024, the
(SOFR). Bank measured its digital maturity and readiness
10. Improvement of digital banking services with an level through the Digital Maturity Assessment for
emphasis on Integrated Application Program Interface Bank (DMAB). The Bank’s maturity level is at level
(API) Gateway for markets in supplier and buyer 2, reflected in all the required activities that have
communities, acquisition cooperation and/or strategic been carried out. In the event of weaknesses, these
partnerships with partners and potential partners in weaknesses are generally less significant.
conducting payment and top up transactions through 2. Compliance with Bank Indonesia (BI) regulation
partner applications, through the utilization of the regarding the implementation of periodic Information
cloud ecosystem to create faster interactions with Technology (IT) Audit on Payment System, the Bank
business partners through digital channels. has reported the results of Information Technology
11. Continuing to develop BI-FAST features as part of Audits in a timely manner. The implementation of IT
Bank Indonesia’s transfer services on several digital Audits has also adhered to the procedures set by BI,
channels of CIMB Niaga by updating the “RFP” namely by external independent auditors registered
feature, and reconciliation development on feature with the authorities or a Self-Regulatory Organization
updates. (SRO) with a Systemic Payment System Operator
12. Development of the Virtual Account Debit (VA Debit), (PSPS).
which is a reconciliation solution provided by the Bank
for customers through feature updates on the digital
business application.
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3. Ensuring that internal provisions in the Bank’s IT The following are initiatives that have been planned to be
Policies and Procedures have adapted and complied carried out in 2025:
with Regulatory Regulations, such as Financial 1. Consistently focusing on the development of customer
Services Authority Regulation and Bank Indonesia contact point application software and internal Bank
Regulation, which is information technology applications that are oriented towards introducing
management implementation that takes into account and using the Bank’s services to customers with
risk management in the sustainability of its processes. the proper and innovative control, such as internet
In 2024, the Bank adjusted to OJK Regulation on banking, mobile banking, open API, as well as other
Digital Services for Commercial Banks to support the banking services. This includes utilizing the cloud
utilization of information technology that continues to ecosystem to develop appropriate software and
develop, including digital services, which allows the utilizing Artificial Intelligence (AI) technology.
Bank to provide secure and comprehensive services 2. Expanding (leveraging) synergy that prioritized
to customers in a consistent manner. efficiency and customer experience factors,
especially in the use of the Bank’s digital services
IT HUMAN RESOURCES (HR) DEVELOPMENT together with sharia business. This will also support
The following are some of the efforts the Bank made the Spin-off of the Sharia Business Units into a Sharia
in 2024 to develop the competencies of IT Human Commercial Bank in accordance with the provisions of
Resources: laws and regulations.
1. Increasing the knowledge & abilities of each Human 3. Continuing to develop and strengthen IT infrastructure
Resource with training related to Cloud Technology, as well as updating hardware and software to ensure
Generative AI, Application Security, Agile and Digital the availability of banking services to support business
Transformation. units in improving customer experience. This includes
2. Continuing to provide training and education the gradual implementation of cloud solutions
programs to increase the capabilities (upskilling) of according to the needs of the Bank, such as gradual
human resources, especially those related to IT and migration to the cloud for selected applications and
Cyber Security, as well as participating in training and the utilization of cloud solutions for new applications,
competency certification programs, such as Certified and/or updating existing applications that do not use
Cloud Security Professional, ISO/IEC 27001:2019 cloud technology.
Lead Auditor, Certified Information Security Manager, 4. Improving IT services to be more systematic, fast, and
Cloud Solution Architect, and COBIT 2019 Foundation. accurate to support the needs of the Bank’s business
3. Continuing the implementation of the Technology development in a sustainable manner, including:
Graduate Program as an educational program for a) To continue the development and widespread
fresh graduates to produce skilled workers, especially use of digital banking services by developing an
in the field of IT. integrated Application Program Interface (API)
to allow services to be provided with technology
CYBER SECURITY CERTIFICATION and mechanisms to create faster and easier
In 2024, CIMB Niaga received a Registration Certificate interactions with business partners.
for its Computer Security Incident Response Team b) Utilization of artificial intelligence, machine
(CSIRT) from the National Cyber and Crypto Agency learning, and Generative AI to support the
– Republic of Indonesia for the establishment of the development of business units and improve
Cyber Defense COE as an Organizational Cyber Incident services for customers (better customer
Response Team in the Financial Sector. experience).
c) Utilization of Robotic Process Automation (RPA)
FUTURE PLAN, STRATEGIES, AND POLICIES technology and maximizing the application
In 2025, in line with business developments and utilizing of software systems that will assist the work
existing technological developments, CIMB Niaga will process flow (Digital Workflow) in the Information
consistently continue to provide quality IT services Technology units, operational units, and business
that are in line with the needs of the Bank’s business units.
development. CIMB Niaga will continue its proactive 5. To continue the implementation of end-to-end
role as a business enabler to accompany and support all monitoring tools for critical applications in an effort to
business units in optimizing banking services, such as increase the visibility of early problem identification
in digital channels, to continue to provide convenience, for applications and supporting infrastructure as a
comfort, and security for customers. proactive step in preventing downtime and incidents.
In addition, the Bank will adopt new monitoring tools
that will further improve the quality of monitoring,
particularly for applications that directly serve
customers.
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6. To strengthen governance in the implementation 9. Improving the capabilities and knowledge of human
of information technology to support operational resources in the Technology and Information Systems
continuity and the Bank’s services to the community unit, including:
by optimizing resources to mitigate risks, and a) Collaborating with the Human Resources work
consistently implementing policies, standards, and unit, for the IT scope by re-running the Technology
procedures and periodically reviewing and updating Graduate Program (TGP) as well as other programs
policies, standards, and procedures. to obtain and generate employees with the best
7. To continue to develop and improve Data Management competencies who are expected to continue the
governance, including: implementation of the work process in the future.
a) Updating the policies and procedures related to b) Up-skill and re-skill training programs for IT
data management, data quality and metadata employees.
management.
b) Developing a framework and governance for Data CYBER SECURITY PLAN IN 2025
Quality Issue remediation management in order Going forward, the Cyber Security work unit will play a
to support the acceleration of the remediation proactive role as a Business Enabler to assist all business
process. units in optimizing all digital banking services that are
c) Continuing to enrich Critical Data Elements (CDE) secure and in accordance with related regulations,
and improving the validation of CDE rules in the such as Bank Indonesia Regulation No. 2 of 2024, OJK
Business Glossary (including rules from the Regulation No. 11/POJK.03/2022, and OJK Circular Letter
regulatory reporting aspect). No. 29/SEOJK.03/2022 while still prioritizing convenience
d) Continuing the development of Data Quality and comfort for customers.
implementation for the remediation process,
including strengthening IT PDLC governance The following are initiatives planned to be carried out in
to prevent potential new data quality issues, 2025:
establishing a special task force to accelerate 1. Improving operational excellence in the management
the data quality issue remediation process, of security devices that have been implemented.
and prioritizing tactical and long-term solution 2. Improve the capabilities of Cyber Threat Intelligence
programs for validation in the core system. to detect the leakage of passwords and identities
e) Conducting education and developing data used by customers or employees more extensively.
literacy and awareness for Data Owners, Data 3. Automation of the reporting process, including the
Stewards, and other related units. efficiency of the self-assessment process for the
f) Carrying out the development of Data Architecture bank’s cyber security posture by implementing Cyber
initiatives to further improve the utilization and Risk Governance tools.
understanding of more integrated data that 4. Implementation of Cyber Security Awareness tools to
supports the self-service process, which will increase the frequency and target customization of
enable the data democratization process to be the implementation.
achieved. 5. Migration for several applications that are currently
g) Continuing the implementation of the Master Data operating in the Data Center to the Cloud environment.
Management roadmap related to the utilization of
‘Golden’ CIF (updated, consistent, and complete
data), and providing analysis related to customer
relations, which will reduce data quality findings
as well as increase business leads.
8. To continue the Bank-Wide Personal Data Protection
program by implementing the Personal Data
Protection framework that was developed in phase 1
and 2 to achieve compliance with relevant laws and
regulations. This process includes the operations of
a data protection program that is integrated into the
Bank’s product and service development process,
third-party risk assessments, reporting mechanisms
for personal data protection failures to relevant
parties, as well as the development of raising Bank-
Wide awareness in a sustainable manner.
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Achieving Success Through
Synergistic Collaboration
Collaboration is the key to every inspiring success.
With CIMB Niaga by your side, challenges transform
into opportunities, and potential evolves into
excellence.
Page 403
Page 404
07 Corporate Governance
Page 405
Implementation of CIMB Niaga’s
Good Corporate Governance 408
Important Cases 554
Basis, Guidelines and Objectives of
Good Corporate Governance (GCG) Sanction 557
Implementation 410 Tax Governance Framework,
Stages of GCG Implementation 410 Management and Control 558
The Interrelation of GCG Implementation Anti-Bribery and Corruption Policy 558
with Bank Performance 411 Provision of Funds to Related Parties 560
2024 GCG Quality Improvement 412 Policy for Disclosure of Information Regarding
Milestone of CIMB Niaga’s GCG 413 Share Ownership of Members of The Boards of
Directors and Board of Commissioners 561
GCG Structure and Mechanism of the Bank 414
Access to Corporate Data and Information 561
GCG Implementation Assessment 416
Goods and Services Procurement Policy 564
General Meeting of Shareholders 419
Code of Ethics and Code of Conduct 566
Board of Commissioners 437
Corporate Values and Culture 570
Independent Commissioner 451
Sustainability Concept Implementation
Board of Directors 452
in Business Processes 570
Performance Assessment of the Board of
Sustainability Report Preparation Framework 571
Commissioners and Board of Directors 470
Provision of Funds for
Policy on the Diversity of the Board of
Social and Political Activities 571
Commissioners and the Board of Directors 474
Nomination and Remuneration Policy 477 Protection of Creditor Rights 572
Ultimate and Controlling Shareholders 483 Transparency of the Bank’s Financial and
Non-Financial Conditions 572
Affiliated Relationships of The Board of
Commissioners, Sharia Supervisory Board, Reporting Integrity and Information
Board of Directors and Controlling Shareholders 484 Technology Systems 573
Committees at the Board of Conflict Management Policy
Commissioners Level 486 (Including Insider Trading) 574
Audit Committee 486 Dividend Policy 574
Risk Oversight Committee 494 Long-Term Compensation Policy 574
Nomination and Remuneration Committee 501 Shares and Bonds Buyback of CIMB Niaga 575
Integrated Governance Committee 509 Customer Protection Policy 575
Committees at the Board of Directors Level 516 Internal Fraud 577
Corporate Secretary 523 Whistleblowing System 580
Internal Audit Unit (IA) 527 Strategic Plan of the Bank 583
Compliance Management Unit 535 Implementation of the ASEAN Corporate
Anti-Money Laundering (AML), Governance Scorecard 583
Counter-Terrorism Financing (CTF) and Counter- Indonesian General Guidelines
Proliferation Financing of Weapon of Mass for Corporate Governance (PUGKI) 584
Destruction (CPFWMD) Program 540
Implementation of Corporate Governance Aspects
Public Accountant 546 and Principles for Public Companies Pursuant to
Risk Management System 547 Financial Services Authority Provisions 594
Internal Control System 552 Integrated Governance Implementation Report 598
Sharia Business Unit Governance Report 606
Transparency of Bad Governance Practices 615
Statement on Implementation of
Good Governance Principles 615
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Highlights Report Profile Discussion & Analysis Management
Implementation of CIMB Niaga’s
Good Corporate Governance
In the current era of digitalization and
industry transformation, good governance
enables the Bank to maintain integrity in
data management, mitigate cyber risks,
and adapt to new regulations related to
technology and sustainability.
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CIMB Niaga has a vision to become a leading ASEAN In the current era of digitalization and industrial
company. This vision is supported by its mission to provide transformation, good governance will also assist the Bank
integrated universal banking services in Indonesia as in maintaining integrity in data management, mitigating
a high-performing company in the ASEAN region and cyber risks, and adapting to new regulations related to
other key areas, while also supporting the acceleration of technology and sustainability. The increasing demand
ASEAN integration and connecting it with other regions. for sustainability in economic development also drives
the integration of Environmental, Social, and Governance
In support of this vision and mission, CIMB Niaga ensures (ESG) aspects into the GCG framework. To anticipate risks
that all organs, including the Board of Commissioners, related to ESG aspects, CIMB Niaga continues to develop
Board of Directors, and Committees, perform their duties adaptive and innovative risk management and internal
based on the principles of ETAK (Ethics, Transparency, control systems, including gradually mitigating relevant
Accountability, and Justice). This role reflects Good risks to the business and changing customer preferences.
Corporate Governance (GCG) by considering the long-
term aspirations of stakeholders and encouraging The implementation of GCG is also required for CIMB Niaga
collaboration to achieve sustainability goals. With these to continue expanding its banking products and services,
efforts, CIMB Niaga is optimistic about creating superior allowing it to serve banking needs in various regions of
and sustainable performance through the implementation Indonesia and other ASEAN countries by collaborating
of responsible business practices concerning economic, with the CIMB Group network. Thus, the implementation
social, and environmental aspects. of GCG is not only relevant for maintaining the Bank’s
business stability but also encourages innovation and
The implementation of ETAK principles in operational sustainable practices that can address current and
activities is one of the Bank’s efforts to integrate future economic challenges. The implementation of the
sustainability aspects into its business processes. CIMB Bank’s overall governance initiatives will ensure that the
Niaga also sets high standards in applying and ensuring Bank’s operations now and in the future remain relevant,
that ETAK principles are manifested in every aspect of responsive to changes, and positively impact society and
the Bank’s operational activities, from strategic planning the environment.
and policy formulation to the execution of daily business
activities. Throughout 2024, CIMB Niaga’s commitment to
implementing GCG is reflected in the completion of the
The implementation of good governance serves as an Bank’s GCG soft structure, which included the Vision and
essential foundation for the Bank to operate and conduct Mission, Core Values, Board of Commissioners and Board
business, particularly in the banking industry, in a prudent of Directors Charter, Internal Audit Charter, Integrity
and sustainable manner, which will lead to professional Pact Declaration, Code of Ethics and Code of Conduct,
management of the Bank. Furthermore, the application Corporate Governance Policy, and other policies and
of good governance within CIMB Niaga will also provide provisions.
a foundation for the Bank to conduct business activities
that uphold ethical behavior, transparency, accountability,
and sustainability amid global economic uncertainties,
market volatility, financial crises, and the impacts of
climate change.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Basis, Guidelines and Objectives of
Good Corporate Governance (GCG)
Implementation
The implementation of GCG at CIMB Niaga is carried out All GCG principles are implemented by the Bank through
with reference to various laws and regulations, as follows: processes and mechanisms that are applied to the 4
1. Laws of the Republic of Indonesia relating to Capital (four) aspects of governance, including governance
Markets, Limited Liability Companies and Banking; commitment, governance structure, governance process,
2. Otoritas Jasa Keuangan (OJK) Regulations and and governance outcomes. CIMB Niaga has established
OJK Circular Letters, particularly those relating to an effective internal monitoring and control mechanism.
Governance, Annual Reports, Risk Management and This includes implementing a rigorous risk management
various OJK Regulations and OJK Circular Letters system, conducting independent internal audits, and
related to the implementation of governance; managing conflicts of interest responsibly.
3. Indonesian Corporate Governance Roadmap, which
was published in an OJK press release on 4 February CIMB Niaga is also committed to integrating GCG
2014; principles into every decision and strategy of the Bank.
4. ASEAN Corporate Governance Scorecard (ACGS) This will serve as a solid foundation and create an
issued by the ASEAN Capital Market Forum (ACMF); environment that supports sustainable business growth
5. General Guidelines for Indonesian Corporate while maintaining stakeholder trust.
Governance (PUGKI) 2021 published by the National
Committee for Governance Policy (KNKG);
6. Company Articles of Association and Resolutions of
the General Meeting of Shareholders (GMS); as well
as
7. Bank’s Corporate Governance Policy.
Stages of GCG Implementation
CIMB Niaga has taken significant steps in the CIMB Niaga regularly conducts assessments of GCG
implementation of GCG since officially listing its shares implementation each year to maintain and enhance the
on the Stock Exchange in 1989 and transforming its quality of GCG applications. The GCG assessment is
status into a public company. The implementation of GCG carried out in collaboration with independent institutions
has become an important indicator for Shareholders and as well as through self-assessment methods. Suggestions
other interested parties in assessing the management and recommendations from the GCG assessment become
and performance of the Bank. Furthermore, the Bank an integral part of the evaluation process, as well as the
believes that the implementation of GCG can guide identification of gaps and improvement opportunities
the formulation of effective and targeted policies and that can be pursued. The evaluation results are also
strategies, as well as ensure that decisions made are used to optimize the Bank’s best GCG practices. Further
aligned with the interests of shareholders, without information regarding CIMB Niaga’s GCG evaluation can
disregarding the interests of other stakeholders. be accessed through the Bank’s official website.
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The Interrelation of GCG Implementation
with Bank Performance
Through the strong implementation of GCG, CIMB Niaga is able to create transparency, accountability, and efficiency in
resource management, ultimately supporting better decision-making. As a result, amid economic challenges throughout
2024, CIMB Niaga managed to achieve a number of performance achievements, such as the following:
Rp
Rp
Loan Growth Customer Deposits Capital Adequacy Ratio Consolidated net
Growth (CAR) profit growth
Rp
228.0 Rp
260.6 23.34% Rp
6.8
trillion trillion trillion
6.9% 10.5% 5.3%
CASA Ratio Loan To Deposit Ratio
(LDR)
66.0% 86.3%
CIMB Niaga won the 2022 Annual Report Award (ARA) 3. 15th IICD Corporate Governance Conference & Award:
Grand Champion, which was held on 27 November 2023. a. Leadership in Corporate Governance for the 2nd
This award is a prestigious achievement for the Bank, consecutive time
after winning consecutively as first rank in the Listed b. Top 50 Big Capitalization
Private Finance category in both 2018 and 2016 ARA. This 4. Indonesia Excellence GCG Awards 2024:
award demonstrates that CIMB Niaga has always been a. GCG Innovation for Better Implementation in
a leader in implementing Good Corporate Governance Business Ethics and Sustainability
(GCG) and Sustainability principles. b. Indonesia Excellence Good Corporate Governance
Ethics in Providing Comprehensive Products &
The commitment to implementing GCG has also Services to Enhance Customer Experience
successfully brought CIMB Niaga several other awards in 5. Indonesia Human Capital Awards 2024:
GCG implementation in 2024, such as: The Best Human Capital for Human Capital
1. TOP GRC Award 2024: Digitalization to Improve Effectiveness and Digital
a. TOP GRC Awards 2023 #5 Stars for the 6th Employee Experience
consecutive time 6. Kata Data ESG Index Awards 2024:
b. Lani Darmawan – The Most Committed GRC Leader Finance Sector Governance Champion PT Bank CIMB
2024 Niaga Tbk
c. The High Performing Board of Commissioners on 7. Indonesia Best Workplace for Women Award 2024:
GRC 2024 Indonesia Best Workplace for Women 2024 in
2. GRC & Performance Excellence Award 2024: Upholding Diversity and Inclusion Work Culture
a. The Best GRC for Corporate Governance & 8. Based on the results of the 5th Organizational
Compliance 2024 (Banking Industries) Health Index (OHI) survey in 2024, CIMB Niaga has
b. The Best GRC for Corporate Culture 2024 successfully maintained its position in the top 10%
(Banking Industries) (Top Decile) above other financial institutions in
c. The Best Chief Compliance Officer 2024 (Banking ASEAN.
Industries)
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
2024 GCG Quality Improvement
CIMB Niaga has a strong commitment to implementing Management Framework, Customer Protection Policy,
and enhancing the quality of GCG application in Sustainability Policies and Procedures, IT Risk and
every process carried out by the Bank in accordance Compliance Process Policy, various Cybersecurity
with applicable standards in Indonesia, ASEAN, and Procedures, and Tax Policies and Procedures.
international best practices. To improve the quality of 4. Talent and Leadership Development Program:
GCG implementation, in 2024 CIMB Niaga has initiated Enhancing the capabilities of leaders, particularly
several initiatives, including the following: Middle Management and Senior Management, to
1. The Audit Committee conducted visits (office improve employee engagement, act as catalysts
tours) to several CIMB Niaga branches, the IT unit: for change and transformation, and ensure the
Cybersecurity & Command Center, Octo Mobile, and sustainability of leadership regeneration within the
the Collection unit to directly observe the activities organization and the Bank’s business processes,
carried out by these units. especially in critical positions through programs
2. In the second semester of 2024, the Internal Audit such as The Complete Manager, Digital Leadership
Unit (IA) has begun research on Artificial Intelligence Program, CIMB Signature Leadership Program,
(AI) Models regarding Natural Language Processing and special initiatives in 2024 through leadership
(NLP) and Generative AI (Gen AI), with a target assessments for 550 leaders.
completion date of Q2-2025. This AI will be used 5. The voluntary employee turnover rate in 2024 is
for data automation (Query to SQL) and document 7.63%, one of the lowest in the banking industry, with
analysis, such as financial statements/annual reports, an increase in High Performers Retention of 0.4% to
which can be utilized by both IA and business units. To 95.2%.
assist staff, IA has also established a “Gen AI Club” to 6. Changes to the website link and email address of
equip staff with basic prompting skills and effectively Whistleblowing System by adding the CIMB Niaga
utilize generative AI in their daily tasks. label to emphasize ownership.
3. Refinement of all Charters for the Board of 7. Fraud Prevention: Development of a database for
Commissioners, Sharia Supervisory Board, Board of detection and investigation methodologies as a guide
Directors, Committees at the Board of Commissioners and reference for detecting and investigating cases
level, and Internal Audit to align with the latest OJK with similar modus operandi, creating formulas to
Regulations regarding Governance, as well as various expedite the detection and investigation process
policies and procedures, including Governance Policy through the review of customer transaction profiles
(and Integrated Governance), Risk Management from existing account mutation data.
Policy, Whistleblowing Policy, Third Party Risk
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Milestone of CIMB Niaga’s GCG
01 1955 02 1974 03 1989 04 2008
Establishment of the Becomes a foreign Go Public Rebranding and Merger
Bank (incorporated) exchange bank
05 06 07
Set the infrastructure and Aligned and refined the Bank’s GCG practices The full implementation of the ASEAN
implementation of GCG (GCG Charter, with the Indonesian Corporate Governance CG Scorecard principles has brought
Board of Commissioners Charter, Board Roadmap issued by the regulator and the CIMB Niaga to be selected as one of two
of Directors Charter, Committee Charter, ASEAN CG Scorecard principles, including listed companies in Indonesia to receive
Code of Ethics and Conduct), as gained ensuring that there is a minimum of 1 (one) the “Top 50 Public Listed Company” at
recognition from IICG, IICD, and ARA female Independent Commissioner on the the ASEAN level based on the ASEAN
Board of Commissioners CG Scorecard in 2015.
2010 - 2011
2013 2014
08 09
1. Improved the Bank’s GCG implementation to align with the latest 1. Refinement of the GCG Charter as outlined in the Corporate Policy Manual.
OJK regulations and to manifest GCG into the Bank’s culture “A 2. Refinement of the Conflict Management Policy, which also
Better CIMB Niaga/ABC” governs insider trading.
2. Implementation of Integrated Governance and Integrated 3. Assessment of the performance of the Board of Commissioners,
Risk Management by establishing the Integrated Governance the Board of Directors, and the Committees at the Board of
Committee and the Integrated Risk Management Committee Commissioners level.
2015 2016
10 11
1. The establishment of a GCG unit responsible for 1. Became Indonesia’s first public company to conduct e-voting at the 2018 GMS.
improving the Bank’s GCG implementation. 2. The constantly improved of GCG implementation, resulted in recognition and awards
2. Appointment of PT Deloitte Consultant from leading independent institutions, including “Top 50 ASEAN” and “Top 3 Indonesia”
Indonesia as an independent party to manage at the 2018 ASEAN Corporate Governance Awards from ASEAN Corporate Governance
the Whistleblowing System services since and ASEAN Capital Markets Forum, and “Top 50 and The Best Overall 2018” for the
December 2017 to improve the transparency and Large Capitalization Public Company category in Indonesia from the Indonesian Institute
professionalism. for Corporate Directorship.
3. Provided job opportunities for disabilities people 3. Revamping the Bank’s website, particularly the GCG and Investor Relations sections.
by working as Bank employees as part of CIMB 4. Renewed the Audit Committee and Integrated Governance Committee Charters, as well
Niaga’s CSR initiatives. as completing and/or improving several other internal policies related to other GCG.
2017 2018
12 13
1. Appointment of one of the Independent Commissioners as Senior 1. Signing of the Integrity Pact Declaration, Code of
Independent Commissioner. Ethics & Anti-Corruption Commitment by the Board of
2. Use of third-party services (search firm) in the process of searching for Commissioners and the Board of Directors.
candidates to be members of Commissioners and Directors. 2. Issuance of Corporate Governance Policy consisting of
3. Issuance of Anti-Corruption Policy. the CIMB Indonesia Financial Conglomerate Integrated
4. Implementation of the orientation program for new members of the Governance Policy and the CIMB Niaga Corporate
Board of Commissioners and the Board of Directors Implementation of Governance Policy & Framework for the Subsidiaries.
the through the e-Learning application (LoG). 3. Issuance of CIMB Indonesia Financial Conglomerate
5. Development of ReCoM (Regulatory Commitment Monitoring) system. Corporate Charter.
6. Successfully maintained the achievement of First Place in ARA 2019 in 4. Top 3 Indonesian and ASEAN Asset Class from the ASEAN
the Private Financial Institution Listed category, “The Best Corporate Capital Markets Forum at the 2019 ACGS Award.
Governance Overall 2019” and “Top 50 Issuers” in the Large Capitalization 5. Convened online AGMS, EGMS & Annual Public Expose
Public Company category in Indonesia from IICD. As well as receiving using video conference, e-Voting and e-Proxy technology.
2020
awards at the 2019 TOP GRC event as “TOP GRC,” “The Most Committed
GRC Leader,” and “The High Performing Corporate Secretary on GRC.”
2019
14 15
1. Gained special Golden Star Trophy award for achieving the highest category 1. The only public company in Indonesia that has
#5Stars, for three consecutive years at the TOP GRC Awards. successfully entered the ASEAN Top 20 PLCs
2. Implementation of “Hybrid Working Arrangement” or “HyWork” as a new work category, as well as becoming Indonesia’s Top 3 PLCs
style, allowing employees to work both at home and in the office (hybrid). and ASEAN Asset Class PLCs at the 2021 ACGS Award.
3. Improvements in holding the online GMS (e-GMS) by using the eASY.KSEI 2. Refinement of the anti-corruption and fraud policy into
application (eASY.KSEI e-Voting feature and live streaming of the GMS). an Anti-Bribery and Corruption Policy.
4. The application of Artificial Intelligence (AI) in the Bank’s internal audit 3. Issuance of CIMB Niaga’s Human Rights Policy.
process by the Internal Audit Unit (IA) in 2021 which deemed to be among 4. Implementation of an Anti-Bribery Management
the most advanced in the Indonesian and ASEAN banking industries based System (ABMS).
on the assessment of independent consultants. 5. Changes to the term of office of the Board of
5. Gradually implemented e-Signatures for the Bank agreement documents Commissioners, Sharia Supervisory Board, and Board
with debtors/customers, and other third parties. of Directors to three years following the ACGS criteria.
2021
6. Refinement of the Vendor Code of Ethics as well as the
Vendor Integrity Pact.
2022
16 17
1. Grand Champion of the Annual Report Award (ARA) for the 2022 1. Achieved the Leadership in Corporate Governance award for two
financial year report assessment. consecutive years from the Indonesian Institute for Corporate
2. Addition of 1 (one) female Independent Commissioner, namely Farina J. Directorship (IICD).
Situmorang. 2. The Audit Committee conducted an office tour for the first time
3. SNI ISO 37001 Certification – Anti-Bribery Management System as part of enhancing the implementation of its responsibilities.
(ABMS) at SubDir. Strategic Procurement and Admin Property 3. Ranked in the top 10% (Top Decile) above other financial
Management. institutions in ASEAN (Results of the Organizational Health Index
2023
(OHI) survey).
2024
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Highlights Report Profile Discussion & Analysis Management
GCG Structure and Mechanism of the Bank
CIMB Niaga implements GCG, or what is commonly known as Governance, through the 4 (four) pillars of Good Corporate
Governance framework, consisting of governance commitment, governance structure, governance process, and
governance outcome. The four pillars are manifested in the Bank’s Governance structure, which includes the General
Meeting of Shareholders (GMS), Board of Commissioners, Sharia Supervisory Board, and Board of Directors. Each organ
has its own role, duties, and responsibilities in line with the Articles of Association and applicable laws and regulations.
Sustainable Governance Outcome
Governance Structure Governance Process
Main Organs (GMS, Board of Stakeholders Relations, Policy
Commissioners, Sharia Supervisory Formulation, and Decision
Board, and Board of Directors) Making.
Supporting Organs (Committees
of the Board of Commissioners,
Executive Committees, Special
Committees, Corporate Secretary,
Working Units & Independent Units)
Infrastructures (Regulations and
Operational Policies of the Bank)
Governance Commitment
Vission, Mission, Core Values, Charters, Code of Ethics, and Sustainability
GOVERNANCE COMMITMENT GOVERNANCE STRUCTURE
Members of the Board of Commissioners, Sharia An adequate Governance Structure will support the
Supervisory Board, and Board of Directors, along with process of implementing GCG principles to achieve
all work units and employees of the Bank, are committed achievements that are in line with stakeholders’
to implementing and upholding GCG principles in every expectations. CIMB Niaga’s Governance Structure
activity of the Bank until it becomes part of the corporate consists of the main organs consisting of the General
culture, including through the formulation of the Bank’s Meeting of Shareholders, Board of Commissioners,
Vision, Mission and Core Values. The commitment to GCG Sharia Supervisory Board, and Board of Directors, and
implementation is also embedded in the preparation of supporting organs, consisting of Committees of the Board
Bank policies, including the Code of Ethics & Code of of Commissioners, Committees of the Board of Directors,
Conduct, Charter, implementation of Risk Management, Corporate Secretary, Business Units/Work Units,
Whistleblowing System, Anti-Bribery & Corruption, and Independent Units (including Risk Management,
Information Technology, and implementation of programs Compliance, Legal, Internal Audit Unit, and Anti-Fraud
and activities based on the principle of Sustainability, Management (AFM)). The Bank’s Governance Structure
including climate risk. CIMB Niaga also conducts studies is designed to establish clarity and separation of duties
and updates on GCG practices to align with best practices, and responsibilities, as well as the mechanism and flow
macroeconomic dynamics, and the banking industry, as of decision-making and reporting implementation in the
well as applicable laws and regulations in order to achieve organs in CIMB Niaga by referring to applicable laws
consistent and sustainable GCG implementation. and regulations. The Bank’s Governance Structure is
also designed to allow for checks and balances in the
implementation of good governance.
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GCG Structure
Integrated Governance
Committee
General Meeting of Shareholders (GMS)
Nomination &
Remuneration Committee
Board of Sharia Supervisory
President Director
Risk Oversight Committee Commissioners Board
Audit Committee
Risk Management
Chief Audit Business Director Ops & IT Director
Director
Executive
Head of AFM Compliance, CA & Legal Strategy, Finance &
HR Director
Director* SPAPM Director
Independent RCU responsible for each work unit
Bank Regulations and Policies
*
concurrently as CorSec
GOVERNANCE PROCESS
CIMB Niaga carries out the Governance process through structured and systematic procedures and mechanisms. This
effort is also supported by the adequacy of the Bank’s Governance structure and infrastructure to ensure that the
expected outcomes are in accordance with stakeholder expectations.
GOVERNANCE OUTCOME
CIMB Niaga implements governance commitment, governance structure, and governance process in order to achieve
good and sustainable governance outcomes. In 2024, CIMB Niaga continued to record various satisfactory operational
and financial achievements amidst economic challenges. In the long term, CIMB Niaga believes that the implementation
of GCG will have a positive impact on the creation of value and the sustainability of the Bank’s business in the long term,
which is in line with the expectations of stakeholders.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
GCG Implementation Assessment
CIMB Niaga periodically assesses the quality of the Bank’s ASSESSMENT CRITERIA
GCG implementation, both independently (self-assessment) According to OJK Circular Letter No. 13/POJK.03/2017
and in collaboration with third parties, to acquire more which is still applicable for the assessment as of
independent assessment results. The assessment is December 2024, the Governance assessment criteria for
expected to ensure that CIMB Niaga complies with self-assessment includes 11 (eleven) assessment factors,
applicable business ethics standards, regulations, and namely:
policies, subsequently creating a high level of transparency 1. Implementation of duties and responsibilities of the
in the Bank’s decisions and actions. Board of Directors.
2. Implementation of duties and responsibilities of the
SELF-ASSESSMENT Board of Commissioners.
3. Completeness and implementation of the Committees’
PROCEDURE duties.
CIMB Niaga performs self-assessments on the 4. Management of conflicts of interest.
implementation of Governance principles every semester 5. Implementation of the Bank’s compliance function.
in accordance with the provisions of OJK Regulation No. 6. Implementation of the internal audit function.
17 of 2023 and OJK Circular Letter No. 13/POJK.03/2017 7. Implementation of the external audit function.
on Implementation of Governance for Commercial Banks. 8. Implementation of risk management, including an
The assessment is carried out in a comprehensive and internal control system.
structured manner on the implementation of Governance 9. Provision of funds to related parties and large
principles, which include 3 (three) aspects, namely: exposure.
Structure, Process, and Outcome. 10. Transparency of the Bank’s financial and non-financial
conditions, governance implementation report, and
1. Governance Structure internal reporting.
The objective of the assessment of Governance 11. Bank’s strategic plan.
structure is to assess the adequacy of the Bank’s
Governance structure and infrastructure to ensure The assessment is also conducted on other relevant and
that the process of Good Governance principles significant aspects of Governance implementation. The
generate outcomes that are in accordance with the final outcomes of the assessment of the implementation
expectations of stakeholders. of Bank’s Governance are based on the results of
questionnaires distributed to selected respondents, and
2. Governance Process findings from within the Bank are incorporated based
The objective of the assessment of the Governance on the results of the questionnaire. These findings are
process is to assess the effectiveness of the process compiled from various units in the Bank, including Internal
of implementing Good Governance principles that is Audit, Anti-Fraud Management, Risk Management,
supported by the adequacy of the Bank’s structure Human Resources, Compliance, and others, as well as
and infrastructure, to generate outcomes that meet findings from the regulators.
the expectation of stakeholders.
PARTIES CONDUCTING THE ASSESSMENT
3. Governance Outcome Self-assessment involves the active role of the Board
The objective of the assessment of the Governance of Commissioners, Board of Directors, Independent
result is to assess the quality of outcomes (including Parties, and Executive Officers of the Bank to provide
the qualitative and quantitative aspects), which a comprehensive and structured assessment of the
are the result of the process of implementing Good effectiveness of its Governance. The self-assessment
Governance principles, supported by the adequacy of is also performed on governance implementation
the Bank’ structure and infrastructure. in subsidiaries in accordance with the provisions of
regulators in the financing and capital market sectors.
The results of the subsidiaries’ self-assessment are
consolidated using internal methodologies based on
materiality and significance.
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ASSESSMENT RESULT
The results of individual and consolidated Bank’s GCG self-assessments for the 1st and 2nd semester of 2024:
GCG Implementation Self-Assessment Results
Entity Rating Rating Definition
Bank CIMB Niaga 2 Bank Governance Rating is 2 (GOOD), which reflects that Bank management has adequately applied
(Individually) the GCG principles
CIMB Niaga Auto Finance 2 CNAF Governance Rating is 2 (GOOD), which reflects that CNAF has generally complied with the GCG
(CNAF) provisions and principles.
CIMB Niaga Sekuritas 2 CNS Governance Rating is 2 (GOOD), which reflects that CNS has generally applied the GCG provisions
(CNS) and principles.
Consolidated 2 Consolidated Governance Rating is 2 (GOOD), which reflects that management of the Bank and
subsidiaries have adequately applied the GCG principles.
Each subsidiary, CNAF, and CNS, have also conducted a ASSESSMENT PROCEDURE
GCG self-assessment in accordance with OJK Governance The ACGS assessment procedure involves a review of
provisions applicable to its business activities as a English-language documents and information provided
Financing and Securities Company. by the Bank to the public, such as information contained
in the Annual Report, website, and announcements and
RECOMMENDATIONS AND FOLLOW-UP reports issued by listed companies.
In 2024, CIMB Niaga’s GCG implementation achieved a
rating of 2 (Good), both for bank-only and in a consolidated The assessment methodology comprises 2 (two) levels,
manner. Based on this assessment, the Bank and its namely:
subsidiaries are deemed adequate in implementing 1. Level 1: minimum standard items expected to be
governance principles. Despite several governance- implemented in each ASEAN member country, such as
related identifiable weaknesses, the Bank’s management prevailing laws and regulations and OECD principles.
and subsidiaries can complete and carry out follow-up 2. Level 2: bonus items demonstrating practices beyond
actions normally. The Bank is committed to incorporating minimum standard expectations, as well as penalty
governance principles into its activities in order to achieve items indicating poor governance.
long-term business sustainability.
Recommendations for the 2024 self-assessment include
strengthening the governance process to support an Assessment within the
effective internal control system and maintaining risk Domestic respective country
governance. The Bank and its subsidiaries will follow up Assessment
on these recommendations.
EXTERNAL ASSESSMENT
Assessment among ASEAN
ASEAN CORPORATE GOVERNANCE Peer
member countries
SCORECARD Review
Over the past few years, one of the external assessments
conducted on CIMB Niaga’s Governance practices is an
assessment based on the ASEAN Corporate Governance
Scorecard (ACGS) criteria that adopts the principles of Verification of certain items
Corporate Governance issued by The Organisation for and a final evaluation for
“ASEAN Asset Class,” “ASEAN
Economic Cooperation and Development (OECD). ACGS is Finalization
Top 20,” and “Top 3” in
one of the initiatives of the ASEAN Capital Market Forum respective countries
(ACMF), which is supported by the Asian Development
Bank (ADB) to improve the governance practices of listed
companies in ASEAN.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
ASSESSMENT CRITERIA
The new ACGS assessment criteria revised on October 2023-Version 2 March 2024 consist of criteria covering Rights and
Equitable Treatment of Shareholders, Sustainability and Resilience, Disclosure and Transparency, and Responsibilities
of the Board.
PARTIES CONDUCTING THE ASSESSMENT
The ACMF conducts the assessment through the Domestic Ranking Body (DRB), which is appointed as a representative in
each participating country by the respective regulator. The DRB conducts national assessments for further peer review
by DRBs from other ASEAN member countries. Since 2016, OJK has appointed PT RSM Indonesia Konsultan (RSM) as the
DRB to conduct assessments in Indonesia. Additionally, the Indonesian Institute for Corporate Directorship (IICD) also
conducts ACGS assessments in Indonesia.
ASSESSMENT RESULT
As of the publication of this Annual Report, the results of the 2024 assessment have not been announced by the ACMF.
However, CIMB Niaga has obtained an ACGS assessment from the IICD, but is still using the previous version of the
criteria sourced from the Bank’s 2023 Annual Report and the Bank’s website, with a score of 120.76.
Based on this assessment, the Bank received the “Leadership in Corporate Governance” award for 2 consecutive years.
This award is a new category in 2023 and has only been given to 2 public companies considered to be the leading public
companies in implementing ACGS standards in Indonesia. The award was presented in person by Prof. Dr. Boediono,
Chairman of the IICD Advisory Board, to Ms. Lina, Head of Good Corporate Governance & Sustainability, at the 15th IICD
Corporate Governance Conference & Award on 25 November 2024.
RECOMMENDATIONS AND FOLLOW-UP
The following are CIMB Niaga’s recommendations and follow-up actions regarding the assessment of the Bank’s GCG
implementation based on ACGS:
Recommendation Follow Up
Nomination and Remuneration Committee comprised of a majority or The current composition of the Bank’s Nomination and Remuneration
entirely of independent party. Committee members is in accordance with OJK regulations. Therefore,
the Bank is unable to proceed with the recommendation.
Disclose performance measurement standards that align the Board of Disclosures were refined in the 2024 Annual Report.
Directors’ performance-based remuneration with the company’s long-
term interests.
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General Meeting of Shareholders
The General Meeting of Shareholders is the highest organ in the Bank’s Governance structure, which has the authority
not granted to the Board of Directors or Board Commissioners as regulated in the applicable laws and regulations and/
or the Bank’s Articles of Association. CIMB Niaga implements the GMS based on Law No. 40 of 2007 on Limited Liability
Companies, Financial Services Authority Regulation (OJK Regulation) on GMS Implementation, and the Bank’s Articles
of Association, and in accordance with the ASEAN Corporate Governance Scorecard. CIMB Niaga holds an Annual GMS
(AGMS) once a year and an Extraordinary GMS (EGMS) at any time as needed. The AGMS and EGMS hold the highest
levels of authority within the Bank Governance structure.
SHAREHOLDERS
The GMS is a forum where shareholders can make decisions. In the GMS, Shareholders can exercise their rights to
express opinions and obtain information related to the Bank.
The GMS makes decisions in a fair and transparent manner that are in the best interests of the Bank. Shareholders
are individuals or legal entities who legally own Bank shares. Shareholders do not intervene in the functions, duties,
and authority of the Board of Commissioners and Board of Directors. As of 31 December 2024, the following is the
composition of CIMB Niaga’s shareholders:
Name of the Shareholder Number of Shares Ownership Percentage (%)
CIMB Group Sdn Bhd 22,991,336,581 91.44
PT Commerce Kapital 255,399,748 1.02
Public (<5%)* 1,895,469,514 7.54
*
Including Shares of Members of the Board of Commissioners and Board of Directors
RIGHTS, AUTHORITY AND Shareholders also have additional authority, among
RESPONSIBILITIES OF SHAREHOLDERS others: (i) appoint and dismiss members of the Board
Based on the Bank’s Articles of Association, Bank of Commissioners, Board of Directors and Sharia
shareholders consisting of Class A and Class B, both of Supervisory Board, (ii) evaluate the performance of the
whom have equal rights, with each share entitled to 1 Board of Commissioners and Board of Directors, (iii)
(one) vote. Shareholder rights include, among others, the temporarily suspend members of the Board of Directors,
following: (iv) approve amendments to the Bank’s Articles of
1. Attend the GMS and cast 1 (one) vote; Association, (v) approve the Annual Report, (vi) approve
2. Opportunity to propose the GMS agenda and the remuneration of the Board of Commissioners, Board
nominate the candidates for members of the Board of Directors, and Sharia Supervisory Board, and (vii)
of Commissioners and Board of Directors by 1 (one) approve the proposed allocations for the Bank’s profits
or more shareholders representing at least 1/20 (one including dividend payments. The Bank’s Articles of
twentieth) of the total number of shares with voting Association regulate Shareholders’ rights, authority, and
rights; responsibilities and can be accessed through the Bank’s
3. Opportunity to grant power of attorney to other website.
parties if shareholders are unable to attend the GMS.
The power of attorney form is available on the Bank’s IMPLEMENTATION OF CIMB NIAGA GMS
website; IN 2024
4. Obtain and study the GMS materials no later than In 2024, CIMB Niaga held the AGMS on 3 April 2024 and
28 (twenty-eight) days prior to the GMS, allowing 2 (two) EGMS on 11 January 2024 and 25 October 2024.
shareholders to vote on the proposed resolutions in CIMB Niaga held the AGMS and EGMS electronically
the GMS agenda; (e-GMS), and physically held at the CIMB Niaga office. All
5. Opportunity to raise questions in every agenda participants, whether attending the e-GMS or physically,
discussion and every resolution on the GMS agenda; are welcome to participate actively. The GMS resolutions
6. Opportunity to vote agree, against or abstain on each have been reported to the OJK and announced on the
proposed decision on the GMS agenda; and Bank’s website (www.cimbniaga.co.id), IDX website (www.
7. Receive consistently fair treatment from CIMB Niaga. idx.co.id), and KSEI website (www.ksei.co.id).
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
ANNUAL GMS (AGMS) ON 3 APRIL 2024
The Bank’s AGMS on 3 April 2024 was held electronically using the Electronic General Meeting System Application
of PT Kustodian Sentral Efek Indonesia (“eASY.KSEI Application”), and physically at the CIMB Niaga office by taking
into account OJK Regulation No. 16/POJK.04/2020 on Implementation of Electronic General Meeting of Shareholders
of Public Companies (“OJK Regulation No. 16/POJK.04/2020”) and the provisions of the Bank’s Articles of Association.
Day, Date and Time Wednesday, 3 April 2024, Time 2.32 p.m. - 4:01 p.m. Western Indonesian Time
Venue Graha CIMB Niaga – M Floor, Jl. Jend. Sudirman Kav. 58, Jakarta Selatan,12190
Quorum The AGMS was attended by shareholders and/or proxies of shareholders representing 23,909,940,781
shares, or approximately 95.0988% of the total number of shares with valid voting rights issued by the
Company (shares of class A and shares of class B) in total 25,142,205,843 shares. Thus, the decision-making
quorum requirements for the Meeting Agenda have been met, with more than half, and specifically for the
13th Agenda, at least 2/3 of the total number of shares issued by the Company having valid voting rights.
AGMS Chairman Didi Syafruddin Yahya as President Commissioner
Attendance of member of the Didi Syafruddin Yahya as President Commissioner, with all other members of the Board of Commissioners
BOC including the President were present, both in person and via video conference.
Commissioner
Attendance of member of the BOD Lani Darmawan as President Director, with all other members of the Board of Directors were present,
including the President Director both in person and via video conference.
Attendance of member of Sharia Prof. Dr. M. Quraish Shihab, MA as Chairman, with all other SSB members, attended via video conference.
Supervisory Board (SSB)
Attendance of member of Audit Jeffrey Kairupan as Chairman, and all other members of the Audit Committee attended both in person
Committee including the Audit and via video conference.
Committee Chairman
Attendance of NRC Chairwoman Sri Widowati as Chairwoman was present in person.
Attendance of ROC Chairman Glenn M. S. Yusuf as Chairman was present in person.
Attendance of IGC Chairman Jeffrey Kairupan as Chairman was present in person.
Number of shareholders who All shareholders are given the opportunity to raise questions and/or express opinions for each agenda of
raised questions and/or express the AGMS, however, none of the Shareholders or the proxies/representatives of Shareholders raised
opinions questions and/or expressed opinions at the AGMS.
IMPLEMENTATION STAGES OF AGMS ON 3 APRIL 2024
Activity Implementation Date Description
Notification of the 7 February 2024 Submitted to the OJK, PT Indonesia Stock Exchange (IDX) and PT Kustodian Sentral Efek
AGMS Plan and Agenda Indonesia (KSEI) 5 (five) working days prior to the AGMS Announcement.
to Regulator
AGMS Announcement 19 February 2024 1. Conducted 14 (fourteen) days prior to the AGMS Invitation/Notice, excluding the date of
the AGMS Announcement and Invitation/Notice.
2. Published in Bahasa and English through the Bank’s website, IDX’s website and KSEI’s
website.
3. Report of the AGMS announcement was submitted to OJK and IDX on the same day
(hardcopy and e-reporting via SPE-OJK & IDX-Net).
Recording Date of the 4 March 2024 Recorded 1 (one) working day prior to the AGMS Invitation/Notice
List of Shareholders
who are entitled to
attend the AGMS
Invitation/Notice 5 March 2024 1. Conducted 28 (twenty-eight) days prior to the AGMS, excluding the date of AGMS
including explanation Invitation/Notice and AGMS;
of each AGMS Agenda 2. Publish in Bahasa and English through:
a. “Investor Daily” newspaper;
b. The Bank’s website, IDX’s website, and KSEI’s website.
3. Proof of advertisement and report of AGMS Invitation/Notice were submitted to OJK and
IDX on the same day (hardcopy and e-reporting via SPE-OJK & IDX-Net).
AGMS Implementation 3 April 2024 The AGMS was held (i) electronically using the eASY.KSEI Application and complying
with OJK Regulation No. 16/POJK.04/2020 on the Implementation of General Meeting of
Shareholder of Public Company Electronically in conjunction with Article 12 paragraph 12 of
the Company’s Article of Association, and (ii) in person, where all participants, either present
in person or electronically, can attend and actively participate in the AGMS.
Summary of Minutes 3 April 2024 Publication of the AGMS Resume (notarial) and the Summary of Minutes (Results) of the
(Results) of the AGMS AGMS, including the voting results for each agenda, were uploaded in Bahasa and English
on the Bank’s website, IDX’s website, and KSEI’s website via the eASY.KSEI application, at the
same day after the closing of the AGMS.
The AGMS Summary of Minutes (Results) Report was submitted to OJK and IDX on the same
day (hardcopy and e-reporting via SPE-OJK & IDX-Net).
Deed of Minutes of 2 May 2024 The Deed of Minutes of the AGMS was submitted to OJK and IDX within 15 (fifteen) working
AGMS days or 28 (twenty-eight) calendar days after the AGMS was held and uploaded in Bahasa
and English on the Bank’s website, IDX’s website, and KSEI’s website. The Deed of Minutes of
the AGMS report was submitted to OJK and IDX on the same day (hardcopy and e-reporting
via SPE OJK& IDX-Net).
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ELECTRONIC VOTING (E-VOTING) Invitation/Notice and read by the Corporate Secretary
AND COUNTING MECHANISM before the AGMS begins, fully disclose the e-Voting
The AGMS decision-making mechanism is based on procedures used at the AGMS venue. Aside from being
deliberation to reach a consensus. However, in order to stated in the Rules of Conduct of the AGMS, the procedures
ensure that deliberation to reach consensus is achieved for e-voting at the AGMS venue are also uploaded on the
while maintaining the independence and confidentiality website in the form of an illustrative video.
of shareholders in the process of granting voting rights,
decision making is carried out using closed voting. INDEPENDENT PARTY TO CALCULATE VOTES
At the AGMS on 3 April 2024, CIMB Niaga appointed
AGMS decisions are made in accordance with the AGMS independent parties, namely (i) Notary Ashoya Ratam,
quorum, and voting takes place on each AGMS agenda S.H., M.Kn., as Public Notary, and (ii) PT Bima Registra as
item. Shareholders and/or their proxies who are physically Securities Administration Bureau, to perform calculations,
present vote individually and electronically (“e-Voting”) validation, and voting at the AGMS.
at the AGMS location (“e-Voting at the Meeting Venue”)
using a smartphone or other mobile device (tablets, etc.) or AGMS RESOLUTION ON 3 APRIL 2024
touch screen monitors provided by the Bank, ensuring that The AGMS resolution is contained in Deed No. 13 dated
Shareholders’ votes remain confidential. Shareholders 3 April 2024, made before Ashoya Ratam S.H., M.Kn.,
and/or proxies who attend electronically can complete the Notary in the Administrative City of South Jakarta. The
eASY.KSEI e-Voting process. Meanwhile, shareholders who resolution to approve changes to the composition of
use the e-Proxy mechanism to provide power of attorney the Company’s Board of Commissioners by appointing
are deemed to have exercised their voting rights through Dody Budi Waluyo as Independent Commissioner of the
eASY.KSEI and are not permitted to carry out the e-Voting Company has been restated in Deed No. 56 dated 30
process at the Meeting Venue. August 2024, which was made before the Notary and
received notification from the Minister of Law and Human
The Rules of Conduct of the AGMS, which are announced/ Rights of the Republic of Indonesia (Menkumham) via
uploaded on the Bank’s website alongside the AGMS Letter AHU-AH.01.09-0247491 dated 3 September 2024.
Details of the AGMS resolution on 3 April 2024 are as follows:
1st Agenda Approval of the Annual Report and Ratification of the Company’s Consolidated Financial Statements for the
Financial Year Ended on 31 December 2023
Voting Results Total Majority Votes: 23,909,940,381 shares or 100.0000% (Agree)
Agree Against Abstain/No Votes#
23,857,134,081 shares (99.7791%) 400 shares (0.0000%) 52,806,300 shares (0.2209%)
AGMS Resolution 1. Approved the Company’s Annual Report for the financial year ended on 31 December 2023;
2. Ratify the Company’s Consolidated Financial Statements for the financial year ending 31 December 2023,
which were audited by the Public Accounting Firm “Tanudiredja, Wibisana, Rintis & Rekan” (a member firm of
the PricewaterhouseCoopers Global Network) as stated in its report dated 19 February 2024, with the opinion
“The Consolidated Financial Statements presented fairly, in all material respects.” The consolidated financial
position of the Group as of 31 December 2023, as well as the performance of consolidated financials and
consolidated cash flows for the year ending on that date, in accordance with Indonesian Financial Accounting
Standards”;
3. Ratify the Supervisory Duties Report of the Company’s Board of Commissioners and SSB for the financial year
ending 31 December 2023;
4. Granted full release and discharge (“volledig acquit et décharge”) to members of the Company’s Board
of Commissioners, Board of Directors, and SSB for management and supervision actions performed in the
financial year 2023, as long as the actions are reflected in the Company’s Annual Report for the financial year
ending 31 December 2023.
Realization It has been realized in 2024.
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Highlights Report Profile Discussion & Analysis Management
2nd Agenda Determination on the Use of Company Profits for the Financial Year Ending 31 December 2023
Voting Results Total Majority Votes: 23,909,913,881 shares or 99.9999% (Agree)
Agree Against Abstain/No Votes#
23,861,769,581 shares (99.7985%) 26,900 shares (0.0001%) 48,144,300 shares (0.2014%)
AGMS Resolution Approved the use of Net Income (exclusive to the Company) for the Financial Year ending 31 December 2023 in the
amount of Rp6,168,722,836,227 (“the Company Net Income for Financial Year 2023”), for:
1. Distributed as a final cash dividend of up to 50% of the Company’s Net Income for the financial year 2023, or a
maximum of Rp3,084,361,418,113 (gross), according to the following schedule:
a. Announcement of Dividend Distribution Schedule and Procedures : 3 April 2024
b. Cum dividends in Regular and Negotiated markets : 19 April 2024
c. Ex dividend in Regular and Negotiated markets : 22 April 2024
d. Cum Dividends on Cash Market : 23 April 2024
e. Recording date for eligible shareholders : 23 April 2024
f. Ex Dividend on Cash Market : 24 April 2024
g. Dividend Payment for Financial Year 2023 : 3 May 2024
and granted the authority to the Board of Directors to determine cash dividend distribution procedures in
compliance with Capital Market regulations;
2. Reserve not set aside, considering the minimum statutory reserve requirements as regulated in Article 70 of
Law No. 40 of 2007 concerning Limited Liability Companies (“Company Law”) have been met;
3. To record the remaining Company’s Net Income for the Financial Year 2023, after substracting out dividend
distributions, as retained earnings with total Rp3,084,361,418,113 to fund the Company’s business operations.
Realization It has been realized in 2024.
3rd Agenda Appointment of a Public Accountant and Public Accounting Firm for the 2024 Financial Year and Determination of
Honorarium and Other Requirements relating to the Appointment
Voting Results Total Majority Votes: 23,909,940,381 shares or 100.0000% (Agree)
Agree Against Abstain/No Votes#
23,861,929,781 shares (99.7992%) 400 shares (0.0000%) 48,010,600 shares (0.2008%)
AGMS Resolution 1. Approved the appointment of JIMMY PANGESTU and the Public Accounting Firm “TANUDIREDJA, WIBISANA,
RINTIS & REKAN” (member firms of the PricewaterhouseCoopers Global Network) which are respectively
registered with the OJK as Public Accountants and Public Accounting Firms, or other Public Accountants in
the same Public Accounting Firm in the event that the person concerned is permanently unable to audit the
Company’s Consolidated Financial Statements for the 2024 Financial Year;
2. Approved the delegation of authority to the Company’s Board of Commissioners to appoint a Public Accountant
and/or another Public Accounting Firm in the event that the appointed Public Accountant and/or Public
Accounting Firm is unable to complete the provision of audit services or is permanently unable to audit the
Company’s Consolidated Financial Statements for the Financial Year 2024.
The following provisions govern the delegation of authority:
a. The Company’s Board of Commissioners must appoint another Public Accounting Firm from one of the big
four groups of Public Acounting Firm in Indonesia;
b. The appointment must also be based on the recommendation of the Audit Committee of the Company;
c. Honorarium and appointment requirements for other Public Accounting Firm must be determined
competitively and fairly;
d. No objection from OJK; and
e. Appointment does not conflict with applicable laws and regulations.
3. Approved the Public Accounting Firm’s annual audit fees honorarium for the Company’s Consolidated Financial
Statements for the 2024 Financial Year amounting to RpRp9,819,008,000 (excluding VAT and OPE);
4. Approved the delegation of authority to the Company’s Board of Directors to carry out matters deemed
necessary in connection with the appointment of Public Accountant and Public Accounting Firm, including
but not limited to holding meetings and signing letters of appointment for Public Accountant and Public
Accounting Firm.
Realization It has been realized in 2024.
4th Agenda Re-appointment of Glenn Muhammad Surya Yusuf as Vice President Commissioner (Independent) of the Company
Voting Results Total Majority Votes: : 23,874,628,957 shares or 99.8523% (Agree)
Agree Against Abstain/No Votes#
23,826,622,157 shares (99.6515%) 35,311,824 shares (0.1477%) 48,006,800 shares (0.2008%)
AGMS Resolution Approved the re-appointment of GLENN MUHAMMAD SURYA YUSUF as Vice President Commissioner (Independent)
of the Company, with an effective term of office beginning with the close of the Meeting and ending with the close
of the 3rd (third) Annual GMS following the effective date of his appointment, without prejudice to the right of the
GMS to dismiss him at any time in accordance with the provisions of Article 119 of the Company Law.
Realization It has been realized in 2024.
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5th Agenda Re-appointment of Dato’ Abdul Rahman Ahmad as Commissioner of the Company
Voting Results Total Majority Votes: 23,901,046,412 shares or 99.9628% (Agree)
Agree Against Abstain/No Votes#
23,853,027,612 shares (99.7620%) 8,894,369 shares (0.0372%) 48,018,800 shares (0.2008%)
AGMS Resolution Approved the re-appointment of DATO’ ABDUL RAHMAN AHMAD as Commissioner of the Company, with an
effective term of office beginning with the close of the Meeting and ending with the close of the 3rd (third) Annual
GMS following the effective date of his appointment, without prejudice to the right of the GMS to dismiss him at any
time in accordance with the provisions of Article 119 of the Company Law.
Realization It has been realized in 2024.
6th Agenda Re-appointment of Fransiska Oei as Director concurrently Compliance Director of the Company.
Voting Results Total Majority Votes: 23,901,046,412 shares or 99.9628% (Agree)
Agree Against Abstain/No Votes#
23,853,039,612 shares (99.7620%) 8,894,369 shares (0.0372%) 48,006,800 shares (0.2008%)
AGMS Resolution Approved the re-appointment of FRANSISKA OEI as Director concurrently Compliance Director of the Company,
with an effective term of office beginning with the close of the Meeting and ending with the close of the 3rd (third)
Annual GMS following the effective date of his appointment, without prejudice to the right of the GMS to dismiss
him at any time in accordance with the provisions of Article 105 of the Company Law.
Realization It has been realized in 2024.
7th Agenda Re-appointment of Pandji P. Djajanegara as Director of the Company.
Voting Results Total Majority Votes: 23,901,046,412 shares or 99.9628% (Agree)
Agree Against Abstain/No Votes#
23,853,039,912 shares (99.7620%) 8,894,369 shares (0.0372%) 48,006,500 shares (0.2008%)
AGMS Resolution Approved the re-appointment of PANDJI P. DJAJANEGARA as Director of the Company, with an effective term of
office beginning with the close of the Meeting and ending with the close of the 3rd (third) Annual GMS following the
effective date of his appointment, without prejudice to the right of the GMS to dismiss him at any time in accordance
with the provisions of Article 105 of the Company Law.
Realization It has been realized in 2024.
8th Agenda Re-appointment of Tjioe Mei Tjuen as Director of the Company.
Voting Results Total Majority Votes: 23,901,046,412 shares or 99.9628% (Agree)
Agree Against Abstain/No Votes#
23,853,039,912 shares (99.7620%) 8,894,369 shares (0.0372%) 48,006,500 shares (0.2008%)
AGMS Resolution Approved the re-appointment of TJIOE MEI TJUEN as Director of the Company, with an effective term of office
beginning with the close of the Meeting and ending with the close of the 3rd (third) Annual GMS following the
effective date of his appointment, without prejudice to the right of the GMS to dismiss him at any time in accordance
with the provisions of Article 105 of the Company Law.
Realization It has been realized in 2024.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
9th Agenda Approval of Changes to the Composition of the Company’s Board of Commissioners by appointing Dody Budi
Waluyo as the Company’s Independent Commissioner.
Voting Results Total Majority Votes: 23,909,940,081 shares or 100.0000% (Agree)
Agree Against Abstain/No Votes#
23,861,921,881 shares (99.7992%) 700 shares (0.0000%) 48,018,200 shares (0.2008%)
AGMS Resolution 1. Approved changes to the composition of the Company’s Board of Commissioners by appointing DODY BUDI
WALUYO, as Independent Commissioner of the Company, with an effective term of office beginning with the
date specified in the Meeting that appointed him and subject to the OJK approval and/or fulfillment of the
requirements stipulated in the approval letter from the OJK (“Effective Date”) and ending with the close of the
3rd (third) Annual GMS following the Effective Date of appointment without prejudice to the right of the GMS to
dismiss her at any time in accordance with the provisions of Article 119 of the Company Law.
In the event that the OJK does not approve the appointment or the OJK’s requirements are not met, the
appointment will be null and void, with no need for GMS approval.
Thus, the Company’s Board of Commissioners is composed of the following:
BOARD OF COMMISSIONERS
President Commissioner : DIDI SYAFRUDDIN YAHYA
Vice President Commissioner (Independent) : GLENN MUHAMMAD SURYA YUSUF
Independent Commissioner : SRI WIDOWATI
Commissioner : DATO’ ABDUL RAHMAN AHMAD
Commissioner : VERA HANDAJANI
Independent Commissioner : FARINA J. SITUMORANG
Independent Commissioner : DODY BUDI WALUYO*
*
Effective as of the date specified in the GMS that appointed him and subject to the approval from the OJK and/or fulfillment of
the requirements stipulated in the approval from the OJK.
2. Approved the delegation of authority to the Company’s Board of Directors with the right of substitution, to
restate the decision regarding the Change in the Composition of the Company’s Board of Commissioners
in a notarial deed and notify the competent authorities, and to do everything necessary in accordance with
statutory regulations.
Realization It has been realized in 2024.
10th Agenda Determination of the Amount of Salary or Honorarium and Other Allowances for the Board of Commissioners and
Sharia Supervisory Board, as well as Salaries, Allowances and Bonuses for the Company’s Board of Directors
Voting Results Total Majority Votes: 23,757,372,335 shares or 99.3619% (Agree)
Agree Against Abstain/No Votes#
23,708,101,435 shares (99.1558%) 152,568,446 shares (0.6381%) 49,270,900 shares (0.2061%)
AGMS Resolution 1. Approved and determined the amount of salary or honorarium and other allowances for the Board of
Commissioners in the 2024 financial year at a maximum of Rp29,865,000,000 (gross), and granted the
authority to the President Commissioner of the Company to determine the amount of salary or honorarium and
other allowances for each member of the Company’s Board of Commissioners, taking into consideration the
recommendations of the Nomination and Remuneration Committee (“NRC”);
2. Approved and determined the amount of salary or honorarium and other allowances for SSB in the 2024 financial
year at a maximum of Rp3,215,000,000 (gross), and granted the authority to the President Commissioner of
the Company to determine the amount of salary or honorarium and other allowances for each member of the
Company’s SSB, taking NRC.
None of the members of the Board of Commissioners and the SSB received any tantiem/bonuses.
3. Approved the amount of tantiem/bonus for the 2023 financial year, which was paid in 2024 to the Company’s
Board of Directors in the amount of Rp86,315,000,000 (gross), including the provision of variable remuneration
in the form of shares or share-based instruments issued by The Company, and granted the authority to
the Company’s Board of Commissioners to determine the amount of tantiem/bonus for each member of
the Company’s Board of Directors, taking into consideration the recommendations of the Nomination and
Remuneration Committee (“NRC”).
The provision of variable remuneration in the form of shares or share-based instruments is in compliance with
OJK Regulation No. 45/POJK.03/2015 on Implementing Governance in Providing Remuneration for Commercial
Banks (“POJK No. 45/POJK.03/2015”) and Company Policy;
4. Approved the use of shares bought back by the Company amounting to 201,600 (two hundred and one
thousand six hundred) shares as variable remuneration to Management members who fall into the Company’s
Material Risk Takers (MRT) category, which will be paid in 2025 and 2026 in accordance with POJK
No. 45/POJK.03/2015; and
5. Approved the delegation of authority to the Board of Commissioners of the Company to determine the amount
of salary, holiday allowances, and other allowances for each member of the Company’s Board of Directors for
the 2024 financial year, as well as the terms and conditions for providing variable remuneration to Management
members who fall into the Company’s MRT category, based on NRC’s recommendations. The amount of salaries,
holiday allowances, and other allowances paid to the Company’s Board of Directors for the 2024 financial year
will be disclosed in the Company’s 2024 Annual Report.
Realization It has been realized in 2024.
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Report Governance Responsibilities Corporate Data Statement
11th Agenda Approval of the Company’s Recovery Plan Update
Voting Results Total Majority Votes: 23,909,939,881 shares or 100.0000% (Agree)
Agree Against Abstain/No Votes#
23,861,471,881 shares (99.7973%) 900 shares (0.0000%) 48,468,000 shares (0.2027%)
AGMS Resolution 1. Approved the Recovery Plan update that the Company submitted to the OJK on 20 November 2023; and
2. Approved the delegation of power and authority to the Company’s Board of Commissioners and Board of
Directors to carry out any and all necessary actions in connection with the Company’s update of the Recovery
Plan, with due observance of POJK No. 14/POJK.03/2017 on Recovery Plan for Systemic Banks and other related
regulations.
Realization It has been realized in 2024.
12th Agenda Approval of the Company’s Share Buyback and Transfer Plan.
Voting Results Total Majority Votes: 23,764,326,835 shares or 99.3910% (Agree)
Agree Against Abstain/No Votes#
23,715,057,135 shares (99.3910%) 145,613,946 shares (0.6090%) 49,269,700 shares (0.2061%)
AGMS Resolution 1. Approved the buyback of the Company’s shares from public shareholders, a maximum of 202,000 shares at
a maximum cost of Rp500,000,000 (including transaction costs and taxes) while still paying attention to the
applicable provisions, with a maximum share buyback period of 12 (twelve) months from the date of approval
by the Meeting.
2. Approved the transfer of shares resulting from the share buyback through the provision of variable remuneration
in the form of shares or share-based instruments issued by the Company to parties who considered as the
Company’s MRT for a maximum of 3 (three) years after the completion of the share buyback.
3. Approving the delegation of power of attorney to the Company’s Board of Directors to carry out the shares
buyback in accordance with applicable provisions.
Realization It has been realized in 2024.
13th Agenda Amendments to the Articles of Association of the Company
Voting Results Total Majority Votes: 23,909,939,881 shares or 100.0000% (Agree)
Agree Against Abstain/No Votes#
23,861,320,881 shares (100%) 900 shares (0.0000%) 48,619,000 shares (0.2033%)
AGMS Resolution 1. Approved the amendments to the Company’s Articles of Association, namely several provisions in Article
14 paragraph 2, Article 14 paragraph 7, Article 17 paragraph 3, Article 17 paragraph 8, Article 18 paragraph
1, and Article 19 paragraph 8, in relation to the adjustment of OJK Regulation No. 17 of 2023 on Governance
Implementation for Commercial Banks and as detailed amendments to the Company’s Articles of Association,
which have been fully presented in the Meeting;
2. Approved the delegation of power of attorney to the Company’s Board of Directors with the right of substitution,
to restate the decision regarding the amendments to the Company’s Articles of Association and to re-arrange
the entire Company’s Articles of Association in a notarial deed, to notify the authorized parties, and in connection
with this matter to do everything necessary in accordance with the provisions of the law.
Realization It has been realized in 2024.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
14th Agenda Others
(This Meeting Agenda does not require Meeting approval)
Report to the AGMS a. Company’s Sustainable Finance Action Plan (SFAP) Report.
The Company reports to the Meeting, regarding:
1) The realization of the 2023 RAKB and the 2024-2028 SFAP has been submitted to the OJK Bank
Supervisory on 17 November 2023;
2) The 2024-2028 SFAP contains the Realization of the Company’s 2023 SFAP and the SFAP that will be
implemented by the Company in 2024-2028, including:
a) development of sustainable financial products and/or services;
b) capacity development;
c) internal adjustments; and
d) sustainable Corporate Social Responsibility programs.
b. Report on Changes in Members of the Company’s Audit Committee.
1) Taking the following into consideration:
a) The Company’s Audit Committee Charter;
b) NRC Recommendation No. 004/NOMREM/KP/II/2024 dated 23 February 2024, which was approved
based on of the Board of Commissioners Circular Resolution No. 004/DEKOM/KP/III/2024 dated 29
February 2024 and Board of Directors Circular Resolution No. 001/SIR/DIR/III/2024 dated 1 March
2024;
The Company reports to the Meeting regarding changes to the Company’s Audit Committee Members,
namely:
- Re-appointed Glenn Muhammad Surya Yusuf, as Member of the Company’s Audit Committee, with
a term of office of 2024-2026;
- Re-appointed Endang Kussulanjari S., as Member of the Company’s Audit Committee, with a term
of office of 2024-2026; and
- Appointed Dody Budi Waluyo as Chairman (also as Member) of the Company’s Audit Committee
with a term of office starting from the closing date of the Meeting appointing him and after
receiving approval from the OJK and/or fulfilling the requirements set out in the approval from
the OJK until the closing of the 3rd (third) Annual GMS after his appointment.
With the abovementioned reappointment of members and the appointment of the chairman, the
following is the membership composition of the Audit Committee:
1) Dody Budi Waluyo*, as Chairman (concurrently Member);
2) Glenn Muhammad Surya Yusuf, as Member**;
3) Endang Kussulanjari S., as Member;
4) Angelique Dewi Daryanto, as Member,
*
effective as of the closing of the Meeting that appointed him and after receiving approval from the OJK and/or
fulfilling the requirements stipulated in the approval from the OJK.
**
temporarily serving as Chairman of the Audit Committee since the closing of the Annual GMS on 3 April 2024 until
the effective date of the appointment of Dody Budi Waluyo as Chairman of the Audit Committee.
In the event that the OJK does not approve the appointment, or the requirements set by the OJK are not
met, the appointment of the new chairman will be cancelled, and Glenn Muhammad Surya Yusuf will
effectively serve as Chairman (and Member) of the Audit Committee.
c. Accountability Report on the Utilization of Proceeds from:
- Continuous Bonds II of Bank CIMB Niaga Phase IV Year 2018 Series C;
- Subordinated Bond III Bank CIMB Niaga Year 2018 Series A; and
- Shelf Registration Sukuk Mudharabah I Bank CIMB Niaga Phase III Year 2020 Series B.
The Company reported to the Meeting that the accountability report on the use of proceeds from the
Bonds/Sukuk has been reported by the Company to the Capital Market OJK with a copy to the IDX and Bank
Supervisory OJK, respectively through letter No. 003/DIR/I/2019 dated 10 January 2019 and letter No. 058/DIR/
VII/2020 dated 17 July 2020.
As of 31 December 2023, the proceeds from each Bond/Sukuk are:
- Continuous Bonds II of Bank CIMB Niaga Phase IV Year 2018 Series C in the amount of Rp118,000,000,000
(net);
- Subordinated Bond III Bank CIMB Niaga Year 2018 Series A in the amount of Rp75,000,000,000 (net); and
- Shelf Registration Sukuk Mudharabah I Bank CIMB Niaga Phase III Year 2020 Series B in the amount of
Rp287.000.000.000 (net),
has been fully used in accordance with the planned use of funds as disclosed in the respective Prospectus.
d. Report on Realization of Transfer of Company Share Buyback
The Company reported to the Meeting regarding the Realization of the Transfer of the Company’s Share Buyback,
which is the transfer of shares resulting from the share buyback, which was approved at the Extraordinary GMS
on 25 April 2017 and the Company’s Annual GMS on 15 April 2019, where all shares resulting from the buyback
have been fully transferred.
Realization It has been realized in 2024.
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THIRD EXTRAORDINARY GMS (EGMS) 11 JANUARY 2024
The Third EGMS is the Bank’s EGMS on 11 January 2024, which can only be attended by CIMB Niaga Independent
Shareholders and/or their Proxies, which is 1 (one) series with the EGMS in the previous year, namely the First EGMS
on 9 October 2023 and the Second EGMS on 19 October 2023, held electronically using the eASY.KSEI Application, and
physically at the CIMB Niaga office by taking into account OJK Regulation No. 16/POJK.04/2020 as well as the provisions
of the Bank’s Articles of Association.
Day, Date, Time Thursday, 11 January 2024, opening and closing at 2.25 – 3.02 p.m. Western Indonesian Time
Venue Graha CIMB Niaga – M Floor, Jl. Jend. Sudirman Kav. 58, South Jakarta, 12190
Quorum The following is the attendance quorum at the Third EGMS according to the OJK Letter:
- First agenda: at least 44% of the total number of shares with valid voting rights owned by
Independent Shareholders.
The number of independent shares present or represented in the First Agenda was 794,057,694
shares or represented 44.8113% of the total number of shares with valid voting rights that have
been issued by the Company (excluded the treasury stocks).
- Second agenda: more than 50% of the total number of shares with valid voting rights.
The number of shares present or represented in the Second Agenda was 24,040,794,023 shares or
representing 95.6596% of the total number of shares with valid voting rights that have been issued by
the Company (both Class A shares and Class B shares) totaling 25,131,606,843 shares and excluding
Treasury shares as of the recording date of 3 January 2024, amounting to 100,148,782 shares.
Thus, the Third EGMS has been fulfilled and is valid and has the right and authority to discuss and take
valid and binding decisions in relation to the First Agenda and the Second Agenda of the Third EGMS.
EGMS Chairman Didi Syafruddin Yahya as President Commissioner
Attendance of members of the Didi Syafruddin Yahya as President Commissioner, with all other members of the Board of Commissioners
BOC, including the President were present, both in person and via video conference.
Commissioner
Attendance of member of the BOD, Lani Darmawan as President Director, with all other members of the Board of Directors were present,
including the President Director both in person and via video conference.
Attendance of member of the SSB Prof. Dr. M. Quraish Shihab, MA as the Chairman, along with all other members of the SSB were present
via video conference.
Attendance of member of the Jeffrey Kairupan as Chairman and all other members of the Audit Committee were present via video
Audit Committee, including Audit conference.
Committee Chairman
Attendance of NRC Chairwoman Sri Widowati as Chairwoman was present via video conference.
Attendance of ROC Chairman Glenn M. S. Yusuf as Chairman was present via video conference.
Attendance of IGC Chairman Jeffrey Kairupan as Chairman was present via video conference.
Number of shareholders who All shareholders are given the opportunity to raise questions and/or express opinions for each agenda
raised questions and/or express of the Third EGMS, however, none of the Shareholders or the proxies/representatives of Shareholders
opinions raised questions and/or expressed opinions at the Third EGMS.
IMPLEMENTATION STAGES OF THE THIRD EGMS ON 11 JANUARY 2024
Acitivity Implementation Date Description
Notification of EGMS - Notification for the Third GMS is not required by the Regulator. Considering that the
Plans and Agenda to attendance quorum was not achieved in the First EGMS (9 October 2023) and the Second
Regulators EGMS (19 October 2023), the Bank did not submit a Notification to the Regulator.
EGMS Announcement 2 January 2024 1. Conducted 2 (two) days prior to the Third EGMS Invitation/Notice.
2. Published in Bahasa and English on the Bank’s website, IDX’s website and KSEI’s website
via the eASY.KSEI application.
3. The announcement report is submitted to the OJK and IDX on the same day (hardcopy
and e-reporting via SPE OJK & IDXNet).
Recording Date of the 3 January 2024 Recorded 1 (one) working day prior to the Third EGMS Invitation/Notice.
List of Shareholders
who are entitled to
attend the EGMS
Invitation/Notice 4 January 2024 1. Conducted 7 (seven) days prior to the Third EGMS, excluding the date of Third EGMS
including explanation Invitation/Notice and the Third EGMS;
of each EGMS Agenda 2. Publish in Bahasa and English through:
a. “Investor Daily” newspaper;
b. The Bank’s website, IDX’s website, and KSEI’s website via the eASY KSEI.
3. Proof of advertisement and report of Third EGMS Invitation/Notice were submitted to
OJK and IDX on the same day (hardcopy and e-reporting via SPE-OJK & IDX-Net).
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Highlights Report Profile Discussion & Analysis Management
Acitivity Implementation Date Description
EGMS Implementation 11 January 2024 The Third EGMS was held (i) electronically using the eASY.KSEI Application and complying
with OJK Regulation No. 16/POJK.04/2020 on the Implementation of General Meeting of
Shareholder of Public Company Electronically in conjunction with Article 12 paragraph 12 of
the Company’s Article of Association, and (ii) in person, where all participants, either present
in person or electronically, can attend and actively participate in the Third EGMS.
Summary of Minutes 11 January 2024 Publication of Third EGMS Resume (notaril) and Summary of Minutes (Results) of the Third
(Results) of the EGMS EGMS are uploaded in Bahasa and English on the Bank’s website, IDX’s website and KSEI’s
website, via the eASY.KSEI application, at the same day after the closing of the Third EGMS.
The Summary of Minutes of the Third EGMS was submitted to the OJK and IDX on the same
day (hardcopy and e-reporting via SPE OJK & IDXNet)
Deed of Minutes of 31 January 2024 The Deed of Minutes of the Third EGMS was submitted to OJK and IDX within 13 (thirteen)
EGMS working days or 20 (twenty) calendar days after the Third EGMS implementation, and
uploaded in Bahasa and English on the Bank’s website, IDX’s website, and KSEI’s website.
The Deed of Minutes of the Third EGMS Report was submitted to OJK and IDX on the same
day (hardcopy and e-reporting via SPE OJK & IDXNet).
ELECTRONIC VOTING (E-VOTING) The Rules of Conduct of the Third EGMS, which are
AND COUNTING MECHANISMS announced/uploaded on the Bank’s website alongside the
The Third EGMS’ decision-making mechanism is based Invitation to the Third EGMS and read by the Corporate
on deliberation to reach a consensus. In order to ensure Secretary before the Third EGMS begins, provide a
that deliberation to reach a consensus is achieved while complete outline of the e-Voting procedures carried out
maintaining the independence and confidentiality of at the Third EGMS venue. Aside from being outlined in the
shareholders in the process of granting voting rights, Rules of Conduct of the Third EGMS, the procedures for
decision making is carried out using closed voting. e-voting at the Third EGMS venue are also uploaded on
the website in the form of an illustrative video.
Third EGMS resolutions are made in accordance with the
quorum, and voting is conducted on each Third EGMS INDEPENDENT PARTY TO CALCULATE VOTES
agenda item. Shareholders and/or their proxies who are At the Third EGMS on 11 January 2024, CIMB Niaga
physically present vote individually and electronically appointed independent parties, namely (i) Ashoya Ratam
(e-Voting) at the Third EGMS (e-Voting at the Meeting SH., MKn., as Public Notary and (ii) PT Bima Registra
Venue) using a smartphone or other mobile device as Bureau Securities Administration, to carry out
(tablets, etc.) or touch screen monitors provided by calculations, validation, and voting at the Third EGMS.
the Bank, ensuring that shareholders’ votes are kept
confidential. Shareholders and/or proxies who attend
electronically can complete the eASY.KSEI e-Voting
process. Meanwhile, shareholders who use the e-Proxy
mechanism to provide power of attorney are deemed to
have exercised their voting rights through eASY.KSEI and
are not permitted to vote electronically at the Meeting
Venue.
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RESOLUTIONS OF THE THIRD EGMS ON 11 JANUARY 2024
The Third EGMS resolution was included in Deed No. 13 dated 11 January 2024, made before Ashoya Ratam SH., M.Kn.,
Notary in the South Jakarta Administrative City.
The following are details of the resolutions of the Third EGMS on 11 January 2024:
1st Agenda Approval for Capital Increase without Pre-emptive Rights/Non Pre-Emptive Rights Issue
Voting Results Total Majority Votes: 793,922,794 shares or 99.9830% (Agree)
Agree Against Abstain/No Votes#
754,731,594 shares (95.0475%) 134,900 shares (0.0170%) 39,191,200 shares (4.9356%)
Third EGMS Resolution 1. Approved to issue a maximum of 10,599,000 (ten million five hundred and ninety-nine thousand) new shares
with the non pre-emptive rights issue mechanisms.
2. Granted the power to the Board of Directors of the Company with substitution rights, to determine the number
of shares issued and the price of new shares.
3. Granted the power to the Board of Commissioners of the Company to declare the realization of the issuance of
shares without pre-emptive rights.
Realization It has been realized in 2024.
2nd Agenda Amendments to the Articles of Association of the Company
Voting Results Total Majority Votes: 24,040,632,623 shares or 99.9993% (Agree)
Agree Against Abstain/No Votes#
24,001,440,223 shares (99.8363%) 161,400 shares (0.0007%) 39,192,400 shares (0.1630%)
Third EGMS Resolution 1. Approved the amendments to Article 4 paragraph 4.2 point b of the Company’s Articles of Association.
2. Approved the delegation of power of attorney to the Company’s Board of Directors with the right of substitution,
to restate the decision of the Meeting and to re-arrange the entire Company’s Articles of Association, to notify
the authorized parties, and to do everything necessary in accordance with the provisions of the law.
Realization It has been realized in 2024.
EXTRAORDINARY GMS (EGMS) ON 25 OCTOBER 2024
The Bank’s First EGMS on 25 October 2024 was held electronically using the eASY.KSEI Application, and physically
at the CIMB Niaga office by taking into account OJK Regulation No. 16/POJK.04/2020 and the provisions of the Bank’s
Articles of Association.
Day, Date, Time Friday, 25 October 2024, opening and closing at 2.27 – 2.47 p.m. Western Indonesian Time
Venue Graha CIMB Niaga – M Floor, Jl. Jend. Sudirman Kav. 58, South Jakarta, 12190
Quorum The EGMS was attended by shareholders and/or proxies of shareholders totaling 23,850,558,427
shares or approximately 94.8626% of the total shares with valid voting rights issued by the Company
(both Class A shares and Class B shares) totaling 25,142,205,843 shares. Thus, it has fulfilled the
decision-making quorum requirements for 1st Agenda, which is more than 1/2 and for 2nd Agenda at least
2/3 of the total shares issued by the Company with valid voting rights.
EGMS Chairman Didi Syafruddin Yahya as President Commissioner.
Attendance of members of the Didi Syafruddin Yahya as President Commissioner, with all other members of the Board of Commissioners
BOC, including the President were present, both in person and via video conference.
Commissioner
Attendance of member of the BOD, Lani Darmawan as President Director, with all other members of the Board of Director were present, both
including the President Director in person and via video conference, except for Pandji P. Djajanegara, as he was on business trip.
Attendance of member of the SSB Prof. Dr. M. Quraish Shihab, MA as the Chairman along with all other members of the SSB were present
via video conference.
Attendance of member of the Dody Budi Waluyo as Chairman and all other members of the Audit Committee were present, both in
Audit Committee, including Audit person and via video conference.
Committee Chairman
Attendance of NRC Chairwoman Sri Widowati as Chairwoman was present via video conference.
Attendance of ROC Chairman Glenn M. S. Yusuf as Chairman was present via video conference.
Attendance of IGC Chairman Dody Budi Waluyo as Chairman was present in person.
Number of shareholders who All shareholders are given the opportunity to raise questions and/or express opinions for each agenda of
raised questions and/or express the EGMS, however, none of the Shareholders or the proxies/representatives of Shareholders raised
opinions questions and/or expressed opinions at the EGMS.
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STAGES OF IMPLEMENTATION OF THE EGMS ON 25 OCTOBER 2024
Acitivity Implementation Date Description
Notification of EGMS 4 September 2024 Submitted to OJK, Indonesia Stock Exchange (IDX) and PT Kustodian Sentral Efek Indonesia
Plans and Agenda to (KSEI) 5 (five) working days prior to the EGMS Announcement
Regulators
EGMS Announcement 11 September 2024 1. Conducted 14 (fourteen) days prior to the EGMS Invitation/Notice, excluding the date of
the EGMS Announcement and Invitation/Notice.
2. Published in Bahasa and English on the Bank’s website, IDX’s website and KSEI’s website
via the eASY.KSEI Application.
3. The announcement report is submitted to the OJK and IDX on the same day (hardcopy
and e-reporting via SPE OJK & IDXNet).
Recording Date of the 25 September 2024 It is recorded 1 (one) working day prior to the EGMS Invitation/Summon.
List of Shareholders
entitled to attend the
EGMS
Invitation/Notice 26 September 2024 1. Conducted 28 (twenty-eight) days prior to the EGMS, excluding the date of the EGMS
including explanation Invitation/Notice and EGMS implementation.
of each EGMS Agenda 2. Published in Bahasa and English on:
a. “Investor Daily” newspaper;
b. Bank’s website, IDX’s website, and KSEI’s website via the eASY.KSEI Application.
3. Proof of advertisement and report on EGMS Invitation/Notice submitted to OJK and IDX
on the same day (hardcopy and e-reporting via SPE OJK & IDXNet).
EGMS Implementation 25 October 2024 The EGMS was held (i) electronically using the eASY.KSEI Application and in accordance
with OJK Regulation No.16/POJK.04/2020 on Implementation of Electronic General Meetings
of Shareholders of Public Companies in conjunction with Article 12 paragraph 12.1 of the
Company’s Articles of Association and (ii) in person, where all participants, either present in
person or electronically, can attend and actively participate in the EGMS.
Summary of Minutes 25 October 2024 Publication of EGMS Resume (notaril) and Summary of Minutes of the EGMS (Results) are
(Results) of the EGMS uploaded in Bahasa and English on the Bank’s website, IDX’s website and KSEI’s website via
the eASY.KSEI application, at the same day after the closing of the EGMS.
The Summary of Minutes of the EGMS (Results) is submitted to the OJK and IDX on the same
day (hardcopy and e-reporting via SPE OJK & IDXNet).
Deed of Minutes of 19 November 2024 The Deed of Minutes of EGMS is submitted to OJK and IDX within 12 (twelve) working days or
EGMS 16 (sixteen) calendar days after the EGMS is held, and uploaded in Bahasa and English on the
Bank’s website, IDX’s website and KSEI’s website.
The Deed of Minutes of the EGMS Report is submitted to OJK and IDX on the same day
(hardcopy and e-reporting via SPE OJK & IDXNet).
ELECTRONIC VOTING (E-VOTING) attorney are deemed to have exercised their voting
AND COUNTING MECHANISMS rights through eASY.KSEI and are not permitted to vote
The EGMS’ decision-making mechanism is based on electronically at the Meeting Venue.
deliberation to reach a consensus. In order to ensure
that deliberation to reach consensus is achieved while The Rules of Conduct of the EGMS, which are announced/
maintaining the independence and confidentiality of uploaded on the Bank’s website alongside the Invitation
shareholders in the process of granting voting rights, to the EGMS and read by the Corporate Secretary
decision making is carried out using closed voting. before the EGMS begins, provide a complete outline of
the e-Voting procedures carried out at the EGMS venue.
EGMS resolutions are made in accordance with the Aside from being outlined in the Rules of Conduct of the
quorum, and voting is conducted on each EGMS agenda EGMS, the procedures for e-voting at the EGMS venue are
item. Shareholders and/or their proxies who are physically also uploaded on the website in the form of an illustrative
present vote individually and electronically (e-Voting) video.
at the EGMS (e-Voting at the Meeting Venue) using a
smartphone or other mobile device (tablets, etc.) or touch INDEPENDENT PARTY TO CALCULATE VOTES
screen monitors provided by the Bank, ensuring that At the EGMS on 25 October 2024, CIMB Niaga appointed
shareholders’ votes are kept confidential. Shareholders independent parties, namely (i) Ashoya Ratam, S.H., M.Kn.,
and/or proxies who attend electronically can complete as Public Notary and (ii) PT Bima Registra as Securities
the eASY.KSEI e-Voting process. Meanwhile, shareholders Administration Bureau, to carry out calculations,
who use the e-Proxy mechanism to provide power of validation, and voting at the EGMS.
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EGMS RESOLUTION ON 25 OCTOBER 2024
The EGMS resolution was included in Deed No. 52 dated 25 October 2024, made before Ashoya Ratam SH., M.Kn.,
Notary in the South Jakarta Administrative City (Notary).
The following are details of the resolutions of the EGMS on 25 October 2024:
1st Agenda Approval of Changes to the Composition of the Board of Commissioners of the Company
Voting Results Total Majority Votes: 23,836,174,703 shares or 99.9397% (Agree)
Agree Against Abstain/No Votes#
23,786,894,303 shares (99.7331%) 14,383,724 shares (0.0603%) 49,280,400 shares (0.2066%)
EGMS Resolution Approved changes to the composition of the Board of Commissioners of the Company by:
1. Approved the resignation request of DATO’ ABDUL RAHMAN AHMAD, from his position as Commissioner of the
Company, effective as of 30 June 2024.
2. Appointed NOVAN AMIRUDIN, as Commissioner of the Company, with an effective term of office beginning with
the date specified in the Meeting that appointed him and subject to the OJK approval and/or fulfillment of the
requirements stipulated in the approval letter from the OJK (“Effective Date”) and ending with the close of the
3rd (third) Annual GMS following the Effective Date of appointment without prejudice to the right of the GMS to
dismiss him at any time in accordance with the provisions of Article 119 of the Company Law.
In the event that the OJK does not approve the appointment or the OJK’s requirements are not met, the
appointment will be null and void, with no need for GMS approval.
Thus, the Company’s Board of Commissioners is composed of the following:
BOARD OF COMMISSIONERS
President Commissioner : DIDI SYAFRUDDIN YAHYA
Vice President Commissioner (Independent) : GLENN MUHAMMAD SURYA YUSUF
Independent Commissioner : SRI WIDOWATI
Commissioner : VERA HANDAJANI
Independent Commissioner : FARINA J. SITUMORANG
Independent Commissioner : DODY BUDI WALUYO
Commissioner : NOVAN AMIRUDIN*
*
Appointed at the EGM on 25 October 2024 and has been effective on 26 February 2025 as required by OJK.
3. Approved the delegation of authority to the Company’s Board of Directors with the right of substitution, to
restate the decision regarding the Change in the Composition of the Company’s Board of Commissioners
in a notarial deed and notify the competent authorities, and to do everything necessary in accordance with
statutory regulations.
Realization It has been realized in 2024.
2nd Agenda Amendements to the Articles of Association of the Company
Voting Results Total Majority Votes: 23,850,545,227 shares or 99.9999% (Agree)
Agree Against Abstain/No Votes#
23,801,278,527 shares (99.7934%) 13,200 shares (0.0001%) 49,266,700 shares (0.2066%)
EGMS Resolution 1. Approved the amendments to the Company’s Articles of Association, namely Articles 20, 21, 22, 23, 24 and 25
of the Company’s Articles of Association in accordance with OJK Regulation No. 2 of 2024, as the details of the
changes to the Company’s Articles of Association have been fully presented in the Meeting.
2. Approved the delegation of power of attorney to the Company’s Board of Directors with the rights of
substitution, to restate the decision regarding the amendments to the Company’s Articles of Association and to
re-arrange the entire Company’s Articles of Association in a notarial deed, to notify the authorized parties, and
in connection with this matter to do everything necessary in accordance with the provisions of the law.
Realization It has been realized in 2024.
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DECISIONS AND REALIZATION OF PREVIOUS GMS RESULTS
All AGMS decisions are contained in Deed No. 20 dated 10 April 2023, made before Ashoya Ratam S.H., M.Kn., Notary in the
South Jakarta Administrative City. The resolution regarding the approval to the changes in the composition of the Board
of Commissioners of the Company by appointing Farina J. Situmorang as Independent Commissioner of the Company,
has been restated in Deed No. 21 dated 10 April 2022, which was made before the Notary and received notification from
the Minister of Law and Human Rights of the Republic of Indonesia via Letter No. AHU-AH.01.09-0112273 dated 18 April
2023. While the detail of results of the EGMS held in 2023 can be find at Bank’s website.
The following are details of the AGMS resolutions on 10 April 2023:
1st Agenda Approval of the Annual Report and Ratification of the Company’s Consolidated Financial Statements for the
Financial Year Ended on 31 December 2022
Voting Result Total Majority Votes: 23,757,375,200 Saham atau 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,752,623,600 shares (99.9797%) 78,112 shares (0.0003%) 4,751,600 shares (0.0200%)
AGMS Resolution 1. Approved the Company’s Annual Report for the financial year ending 31 December 2022;
2. Ratified the Company’s Consolidated Financial Statements for the finncial year ending 31 December 2022,
which were audited by the Public Accounting Firm “TANUDIREDJA, WIBISANA, RINTIS & REKAN” (a member
firm of the PricewaterhouseCoopers Global Network) as stated in its report dated 17 February 2023, with the
opinion “The Consolidated Financial Statements presented fairly, in all material respects.” The consolidated
financial position of PT Bank CIMB Niaga Tbk and its subsidiaries as of 31 December 2022, as well as the
performance of consolidated financials and consolidated cash flows for the year ending on that date, in
accordance with Indonesian Financial Accounting Standards”;
3. Ratified the Supervisory Duties Report of the Company’s Board of Commissioners and SSB for the financial
year ending 31 December 2022; and
4. Granted full release and discharge (“volledig acquit et décharge”) to members of the Company’s Board
of Commissioners, Board of Directors, and SSB for management and supervision actions performed in the
financial year 2022, as long as the actions are reflected in the Company’s Annual Report for the financial year
ending 31 December 2022.
Realization It has been realized in 2023.
2nd Agenda Determination on the Use of Company Profits for the Financial Year Ending 31 December 2022
Voting Results Total Majority Votes: 23,757,375,200 Saham atau 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,756,909,900 shares (99.9977%) 78,112 shares (0.0003%) 465,300 shares (0.0020%)
AGMS Resolution Approved the use of Net Income (exclusive to the Company) for the Financial Year ending 31 December 2022 in the
amount of Rp4,786,402,977,175 (“the Company’s Net Income for the 2022 Financial Year”), for:
1. Distributed as a final cash dividend of up to 60% of the Company’s Net Income for the 2022 financial year, or a
maximum of Rp2,871,841,786,305 (gross), according to the following schedule:
- Cum Dividends in Regular and Negotiated Markets : 18 April 2023
- Ex Dividens in Regular and Negotiated Markets : 26 April 2023
- Cum Dividends on Cash Market : 27 April 2023
- Recording date for eligible shareholders : 27 April 2023
- Ex Dividend on Cash Market : 28 April 2023
- Dividend Payment for 2022 Financial Year : 10 May 2023
and granted authority to the Board of Directors to determine cash dividend distribution procedures in
compliance with capital market regulations;
2. Reserve not set aside, considering the minimum statutory reserve requirements as regulated in Article 70 of
Law No. 40 of 2007 on Limited Liability Companies (“Company Law”) have been met;
3. Posted the remaining Company’s Net Income for the 2022 Financial Year, after substracting out dividend
distributions, as retained earnings totaling Rp1,914,561,190,870 to fund the Company’s business operations.
Realization It has been realized in 2023.
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3rd Agenda Appointment of a Public Accountant and Public Accounting Firm for the 2023 Financial Year and Determination of
Honorarium and Other Requirements relating to the Appointment.
Voting Results Total Majority Votes: 23,757,375,200 Saham atau 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,756,892,600 shares (99.9976%) 78,112 shares (0.0003%) 482,600 shares (0.0020%)
AGMS Resolution 1. Approved the appointment of JIMMY PANGESTU and the Public Accounting Firm “TANUDIREDJA, WIBISANA,
RINTIS & REKAN” (member firms of the PricewaterhouseCoopers Global Network) which are respectively
registered with the OJK as Public Accountants and Public Accounting Firms, or other Public Accountants in
the same Public Accounting Firm in the event that the person concerned is permanently unable to audit the
Company’s Consolidated Financial Statements for the 2023 Financial Year;
2. Approved the delegation of authority to the Company’s Board of Commissioners to appoint a Public Accountant
and/or another Public Accounting Firm in the event that the appointed Public Accountant and/or Public
Accounting Firm is unable to complete the provision of audit services or is permanently unable to audit the
Company’s Consolidated Financial Statements for the 2023 financial year:
The following provisions govern the delegation of authority:
a. The Company’s Board of Commissioners must appoint another Public Accounting Firm from one of the big
four groups of Public Acounting Firm in Indonesia;
b. The appointment must also be based on the Audit Committee’s recommendation;
c. Honorarium and appointment requirements for other Public Accounting Firms must be determined in a
competitive and fair manner;
d. No objection from OJK; and
e. The appointment does not conflict with applicable laws and regulations.
3. Approved the Public Accounting Firm’s annual audit fees honorarium for the Company’s Consolidated Financial
Statements for the 2023 Financial Year amounting to Rp9,920,754,000, which includes the additional
application of 2 (two) new PSAK 71 models (excluding VAT, OPE, and the new model of PSAK 71 other than the
two mentioned above);
4. Approved the delegation of authority to the Company’s Board of Directors to carry out matters deemed
necessary in connection with the appointment of Public Accountant and Public Accounting Firm, including
but not limited to holding meetings and signing letters of appointment for Public Accountant and Public
Accounting Firm.
Realization It has been realized in 2023.
4th Agenda Re-appointment of DIDI SYAFRUDDIN YAHYA as President Commissioner of the Company.
Voting Results Total Majority Votes: 23,741,215,976 Saham atau 99.9317% (Agree)
Agree Against Abstain/No Votes#
23,740,743,776 shares (99.9297%) 16,237,336 shares (0.0683%) 472,200 shares (0.0020%)
AGMS Resolution Approved the re-appointment of DIDI SYAFRUDDIN YAHYA as President Commissioner of the Company, with an
effective term of office beginning with the close of the Meeting and ending with the close of the 3rd (third) Annual
GMS following the effective date of his appointment, without prejudice to the GMS’ right to dismiss him at any time
in accordance with the provisions of Article 119 of the Company Law.
Realization It has been realized in 2023.
5th Agenda Re-appointment of SRI WIDOWATI as Independent Commissioner of the Company.
Voting Results Total Majority Votes: 23,741,215,976 Saham atau 99.9317% (Agree)
Agree Against Abstain/No Votes#
23,740,742,276 shares (99.9297%) 16,237,336 shares (0.0683%) 473,700 shares (0.0020%)
AGMS Resolution Approved the re-appointment of SRI WIDOWATI as Independent Commissioner of the Company, with an effective
term of office beginning with the close of the Meeting and ending with the close of the 3rd (third) Annual GMS
following the effective date of her appointment, without prejudice to the GMS’ right to dismiss her at any time in
accordance with the provisions of Article 119 of the Company Law.
Realization It has been realized in 2023.
6th Agenda Re-appointment of PROF. DR. M. QURAISH SHIHAB, MA as Chairman of the Company’s Sharia Supervisory Board.
Voting Results Total Majority Votes: 23,757,349,100 Saham atau 99.9996% (Agree)
Agree Against Abstain/No Votes#
23,756,878,000 shares (99.9976%) 104,212 shares (0.0004%) 471,100 shares (0.0020%)
AGMS Resolution Approved the re-appointment of PROF. DR. M. QURAISH SHIHAB, MA, as Chairman of the Company’s Sharia
Supervisory Board, with an effective term of office beginning with the close of the Meeting and ending with the
close of the 3rd (third) Annual GMS following the effective date of his appointment, without prejudice to the GMS’
right to dismiss him at any time in accordance with the provisions of Article 20 paragraph 20.2 of the Company’s
Articles of Association.
Realization It has been realized in 2023.
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7th Agenda Re-appointment of PROF. DR. FATHURRAHMAN DJAMIL, MA as Member of the Company’s Sharia Supervisory
Board.
Voting Results Total Majority Votes: 23,757,368,700 Saham atau 99.9996% (Agree)
Agree Against Abstain/No Votes#
23,756,897,000 shares (99.9977%) 84,612 shares (0.0004%) 471,700 shares (0.0020%)
AGMS Resolution Approved the re-appointment of PROF. DR. FATHURRAHMAN DJAMIL, MA, as a Member of the Company’s Sharia
Supervisory Board, with an effective term of office beginning with the close of the Meeting and ending with the
close of the 3rd (third) Annual GMS following the effective date of his appointment, without prejudice to the GMS’
right to dismiss him at any time in accordance with the provisions of Article 20 paragraph 20.2 of the Company’s
Articles of Association.
Realization It has been realized in 2023.
8th Agenda Re-appointment of DR. YULIZAR DJAMALUDDIN SANREGO, M.EC. as Member of the Company’s Sharia
Supervisory Board.
Voting Results Total Majority Votes: 23,757,368,700 Saham atau 99.9996% (Agree)
Agree Against Abstain/No Votes#
23,756,896,500 shares (99.9977%) 84,612 shares (0.0004%) 472,200 Saham (0.0020%)
AGMS Resolution Approved the re-appointment of DR. YULIZAR DJAMALUDDIN SANREGO, M.EC., as Member of the Company’s
Sharia Supervisory Board, with an effective term of office beginning with the close of the Meeting and ending
with the close of the 3rd (third) Annual GMS following the effective date of his appointment, without prejudice to
the GMS’ right to dismiss him at any time in accordance with the provisions of Article 20 paragraph 20.2 of the
Company’s Articles of Association.
Realization It has been realized in 2023.
9th Agenda Approval of Changes to the Composition of the Company’s Board of Commissioners by appointing FARINA J.
SITUMORANG, as Independent Commissioner of the Company.
Voting Results Total Majority Votes: 23,757,375,200 Saham atau 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,756,893,000 shares (99.9976%) 78,112 shares (0.0003%) 482,200 shares (0.0020%)
AGMS Resolution 1. Approved changes to the composition of the Company’s Board of Commissioners by appointing FARINA J.
SITUMORANG, as Independent Commissioner of the Company, with an effective term of office beginning with
the date specified in the Meeting that appointed her and subject to the OJK approval and/or fulfillment of the
requirements stipulated in the approval letter from the OJK (“Effective Date”) and ending with the close of
the 3rd (third) Annual GMS following the Effective Date of appointment without prejudice to the GMS’ right to
dismiss her at any time in accordance with the provisions of Article 119 of the Company Law.
In the event that the OJK does not approve the appointment or the OJK’s requirements are not met, the
appointment will be null and void, with no need for GMS approval.
Thus, the Company’s Board of Commissioners is composed of the following:
BOARD OF COMMISSIONERS
President Commissioner : DIDI SYAFRUDDIN YAHYA
Vice President Commissioner (Independent) : GLENN MUHAMMAD SURYA YUSUF
Independent Commissioner : JEFFREY KAIRUPAN
Independent Commissioner : SRI WIDOWATI
Independent Commissioner : FARINA J. SITUMORANG*
Commissioner : DATO’ ABDUL RAHMAN AHMAD
Commissioner : VERA HANDAJANI
* Effective as of the date specified in the GMS that appointed her and subject to the approval from the OJK and/or fulfillment of
the requirements stipulated in the approval from the OJK.
2. Approve the delegation of authority to the Company’s Board of Directors with the right of substitution, to
restate the decision regarding the Change in the Composition of the Company’s Board of Commissioners
in a notarial deed and notify the competent authorities, and to do everything necessary in accordance with
statutory regulations.
Realization It has been realized in 2023.
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10th Agenda Determination of the Amount of Salary or Honorarium and Other Allowances for the Board of Commissioners and
Sharia Supervisory Board, as well as Salaries, Allowances and Bonuses for the Board of Directors of the Company.
Voting Results Total Majority Votes: 23,680,087,062 Saham atau 99.6743% (Agree)
Agree Against Abstain/No Votes#
23,678,153,762 shares (99.6662%) 77,366,250 shares (0.3257%) 1,933,300 shares (0.0081%)
AGMS Resolution 1. Approved and determined the amount of salary or honorarium and other allowances for the Board of
Commissioners in the 2023 financial year at a maximum of Rp24,075,000,000 (gross), and authorize the
Company’s President Commissioner to determine the amount of salary or honorarium and other allowances for
each member of the Company’s Board of Commissioners, taking into consideration the recommendations of the
Nomination and Remuneration Committee (“NRC”);
2. Approved and determined the amount of salary or honorarium and other allowances for SSB in the 2023
financial year at a maximum of Rp2,993,000,000 (gross), and authorize the President Commissioner of the
Company to determine the amount of salary or honorarium and other allowances for each member of the
Company’s SSB, taking into consideration the recommendations of the NRC.
All members of the Board of Commissioners (including Independent Commissioners) and SSB receive no
tantiem/bonuses;
3. Approved the amount of tantiem/bonus for the 2022 financial year, which was paid in 2023 to the Company’s
Board of Directors in the amount of Rp79,879,000,000 (gross), including the provision of variable remuneration
in the form of shares or share-based instruments issued by The Company, and granted the authority to the
Company’s Board of Commissioners to determine the amount of tantiem/bonus for each member of the
Company’s Board of Directors, taking into consideration the recommendations of the NRC.
The provision of variable remuneration in the form of shares or share-based instruments is in compliance
with OJK Regulation No. 45/POJK.03/2015 on Implementation of Governance in Providing Remuneration for
Commercial Banks and Company Policy (“POJK No. 45/POJK.03/2015”);
4. Approved the use of a portion of the Company’s remaining treasury shares from the share-based loyalty
program in the form of the Management and Employee Stock Ownership Program (MESOP) to provide variable
remuneration to Management members who categorized as the Company’s Material Risk Takers (MRT)
category, which will be paid in 2024 and 2025 in accordance with POJK No. 45/POJK.03/2015; and
5. Approved the delegation of authority to the Company’s Board of Commissioners to determine the amount of
salary, holiday allowances, and other allowances for each member of the Company’s Board of Directors for the
financial year 2023, as well as the terms and conditions for providing variable remuneration to Management
members who fall into the Company’s MRT category, based on NRC’s recommendations. The amount of salaries,
holiday allowances, and other allowances paid to the Company’s Board of Directors for the 2023 financial year
will be disclosed in the 2023 Annual Report of the Company.
Realization It has been realized in 2023.
11th Agenda Approval of the Company’s Resolution Plan and Updating of the Company’s Recovery Plan.
Voting Results Total Majority Votes: 23,757,375,200 Saham atau 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,756,899,100 shares (99.9977%) 78,112 shares (0.0003%) 476,100 shares (0.0020%)
AGMS Resolution 1. Approved the Company’s Resolution Plan, which was submitted to the Indonesia Deposit Insurance Corporation
(“IDIC”) on 28 November 2022, and includes, among other things, Resolution Options that the Company can use
if the Company is declared a failed bank by the Regulator;
2. Approved the updated Recovery Plan that the Company submitted to the OJK on 25 November 2022, which
includes, among other things, updated trigger levels to adjust the conditions and provisions that are currently
in force; and
3. Approved the delegation of power and authority to the Company’s Board of Commissioners and Board of
Directors to carry out any and all necessary actions in connection with the Company’s Resolution Plan and the
updating of the Company’s Recovery Plan, each with due observance of IDIC Regulation No.1 2021 on Resolution
Plans for Commercial Banks and OJK Regulation No. 14/POJK.03/2017 on Recovery Plan for Systemic Banks
and other related regulations.
Realization It has been realized in 2023.
Description: Blank/No Votes:
#)
In accordance with the provisions of article 13 paragraph 13.4 of the Company’s Articles of Association, “Shareholders of shares with valid voting rights who are present
at the GMS but abstain (not voting) are deemed to have cast the same vote as the majority of vote holders who cast votes. All with the provision that shareholders who
vote as stated above agree to comply with and respect the decisions made for the relevant GMS agenda”.
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12th Agenda Others.
Report to the AGMS a. The Company’s Sustainable Financial Action Plan (SFAP) Report.
1) The realization of the Sustainable Financial Action Plan (SFAP) for 2022 and 2023 SFAP has been submitted
to the OJK Bank Supervisory on 25 November 2022;
2) 2023 SFAP is part of 2019 - 2023 SFAP, which was submitted to OJK in 2018 and reported to the AGMS held
in 2019;
3) 2023 SFAP contains the realization of the Company’s action plan for 2022 and the action plan that will be
implemented by the Company in 2023, including:
a) development of sustainable financial products and/or portfolios;
b) capacity development program;
c) internal adjustments; and
d) sustainable Corporate Social Responsibility programs.
b. Report on Changes in Members of the Company’s Audit Committee.
1) Taking the following into consideration:
a) The Company’s Audit Committee Charter;
b) NRC Recommendation No. 014/NOMREM/KP/X2022 dated 26 September 2022 which was approved
based on of the Board of Commissioners Circular Resolution No. 017/DEKOM/KP/X/2022 dated 10
October 2022 and Board of Directors Circular Resolution No. 005/SIR/DIR/X/2022 dated 21 October
2022; and
c) NRC Recommendation No. 003/NomRem/KP/I/2023 dated 16 January 2023 which was approved based
on the Board of Commissioners Circular Resolution No. 002/DEKOM/KP/I/2023 and Board of Directors
Circular Resolution No. 001/SIR/DIR/I/2023, both dated 20 January 2023;
The Company reports to the Meeting regarding changes to the Company’s Audit Committee Members
by appointing:
• GLENN MUHAMMAD SURYA YUSUF, as Member of the Company’s Audit Committee, with
assignment period 2022-2024;
• ANGELIQUE DEWI DARYANTO, as Member of the Company’s Audit Committee, with assignment
period 2022-2025; and
• RIATU MARIATUL QIBTHIYYAH, as Member of the Company’s Audit Committee, with assignment
period 2023-2024
without prejudice to the rights of the Company’s Board of Commissioners to dismiss them at any time.
Meanwhile, RONALD T. A. KASIM no longer serves as member of the Company’s Audit Committee,
effective since being appointed as member of the Company’s Risk Oversight Committee on 20 January
2023.
2) Thus, the following is the composition of the Company’s Audit Committee:
a) JEFFREY KAIRUPAN, as Chairman concurrently Member;
b) GLENN MUHAMMAD SURYA YUSUF, as Member;
c) ENDANG KUSSULANJARI S., as Member;
d) ANGELIQUE DEWI DARYANTO, as Member; and
e) RIATU MARIATUL QIBTHIYYAH, as Member.
Realization It has been realized in 2023.
STATEMENTS ON UNREALIZED GMS RESOLUTIONS
CIMB Niaga has implemented all recommendations from the AGMS and EGMS on 2023, AGMS resolutions on 3 April
2024, Third EGMS resolutions on 11 January 2024, and the EGMS resolutions on 25 October 2024, therefore, there is no
information pertaining to any reason with regards to resolutions that has not been realized.
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Board of Commissioners
The Board of Commissioners is the Bank’s Governance Guidelines of GCG in Indonesia, which is issued by the
organ that has the task of carrying out general National Committee for Governance Policy (KNKG) and
and/or specific supervision in line with the Articles of ASEAN Corporate Governance Scorecard.
Association, as well as ensuring that the Bank carries
out its business in accordance with the stated aims and The Charter of the Board of Commissioners of the Bank
objectives, providing advice to the Board of Directors, and sets forth the following matters:
ensuring that the Bank has implemented the principles of 1. Accountability;
Good Corporate Governance (GCG) at every level of the 2. Structure and Membership;
organization. Furthermore, the Board of Commissioners 3. Requirements and Appointment;
also carries out the responsibility of ensuring that the 4. Duties, Responsibilities, and Authorities;
Bank has carried out its business activities in line with 5. Arrangement of Authority and Decision Procedure of
the stated aims and objectives and ensures that the Bank the Board of Commissioners;
complies with all applicable laws and regulations. 6. Conflicts of Interest;
7. Transparency;
LEGAL BASIS 8. Work Ethics, Working Hours, and Restrictions;
The establishment and appointment of the Bank’s Board 9. Pattern of Working Relationship between the Board
of Commissioners refers to several legal bases and of Commissioners, Board of Directors, and Sharia
provisions, including: Supervisory Board (SSB);
1. Laws of the Republic of Indonesia on Limited Liability 10. Meeting;
Companies and Banking; 11. Term of Office;
2. Otoritas Jasa Keuangan (OJK) Regulations, OJK 12. Resignation; and
Circular Letter, Bank Indonesia (BI) Regulations, 13. Performance Assessment (Evaluation) and Accountability.
and BI Circular Letter on the implementation and
organization of Corporate Governance; STRUCTURE, NUMBER, AND COMPOSITION
3. Bank’s Articles of Association; and OF THE BOARD OF COMMISSIONERS IN 2024
4. Deed of General Meeting of Shareholders Resolution In 2024, the structure, number, and composition of
No. 53 dated 25 October 2024, as notified to the members of the CIMB Niaga’s Board of Commissioners
Minister of Law and Human Rights of the Republic have complied with the applicable provisions as regulated
of Indonesia (Menkumham RI) through Notification in the Charter of the Board of Commissioners, namely:
Receipt Letter No. AHU- AH.01.09-0271038 dated 2 1. The number of members of the CIMB Niaga’s Board of
November 2024. Commissioners is at least 3 (three) people and at most the
same as the number of members of the Board of Directors,
CHARTER OF THE BOARD OF COMMISSIONERS namely 7 (seven) members of the Board of Commissioners.
The Board of Commissioners has established work 2. CIMB Niaga’s Board of Commissioners is led by the
guidelines and procedures that support and facilitate the President Commissioner.
implementation of its functions, duties, and responsibilities. 3. One member of the Board of Commissioners
These guidelines refer to the Board of Commissioners’ is appointed as Vice President Commissioner
Charter, which is periodically evaluated and updated with (Independent), namely Glenn M. S. Yusuf.
reference to the applicable regulations and provisions in 4. At least 1 (one) member of the Board of Commissioners
Indonesia. This Charter has been updated on 6 December must be domiciled in Indonesia. CIMB Niaga has 4
2024 and uploaded to the Bank’s website. (four) members of the Board of Commissioners who
are domiciled in Indonesia.
The Charter of the Board of Commissioners contains 5. 4 (four) out of 7 (seven) people or 57% (fifty seven
binding guidelines and procedures for each Board percent) of the members of the CIMB Niaga’s Board of
of Commissioners member, enabling the Board of Commissioners are Independent Commissioners.
Commissioners to perform its oversight function in 6. 6 (six) out of 7 (seven) people or 85% (eighty five
an efficient, effective, transparent, independent, and percent) of the members of the CIMB Niaga’s Board of
accountable manner. The basis for the preparation of Commissioners, are Indonesian citizens.
the Board of Commissioners’ Charter includes Law of the 7. The replacement and/or appointment of members
Republic of Indonesia No. 40 of 2007 on Limited Liability of the CIMB Niaga’s Board of Commissioners has
Companies; OJK Regulations and OJK Circulars regarding considered the recommendations of the Nomination
the implementation and organization of Corporate and Remuneration Committee and obtained approval
Governance; the Bank’s Articles of Association; General from the GMS and OJK.
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8. All the members of the CIMB Niaga’s Board of Commissioners do not have family relationships up to the second
degree with fellow members of the Board of Commissioners and/or Board of Directors or Controlling Shareholders.
9. All members of the Bank’s Board of Commissioners have passed the Fit and Proper Test, where 2 (two) Independent
Commissioners have been effective as of 31 December 2024, and 1 (one) Commissioner effectively served as of
26 February 2025.
In line with the principles of the ASEAN Corporate Governance Scorecard, the number and composition of CIMB Niaga’s
Board of Commissioners consist of the following:
1. 3 (three) members of the Board of Commissioners are women, of which 2 (two) serve as Independent Commissioners.
2. More than 50% (fifty percent) of members of the Board of Commissioners are Independent Commissioners, namely
4 (four) Independent Commissioners out of a total of 7 (seven) members of the Board of Commissioners.
3. In terms of expertise, the majority of members of the Board of Commissioners have work experience in the banking
sector.
4. Appointment of one of the Independent Commissioners as Senior Independent Commissioner, namely Glenn M. S.
Yusuf.
COMPOSITION OF THE BOARD OF COMMISSIONERS IN 2024
No. Name Position Term of Office
1 Didi Syafruddin Yahya President Commissioner 2023 - 2026
2 Glenn M. S. Yusuf Vice President Commissioner (Independent) 2024 - 2027
3 Sri Widowati Independent Commissioner 2023 - 2026
4 Vera Handajani Commissioner 2021 - 2025
5 Farina J. Situmorang Independent Commissioner 2023 - 2026
6 Dody Budi Waluyo* Independent Commissioner 2024 - 2027
7 Novan Amirudin **
Commissioner 2024 - 2027
8 Dato’ Abdul Rahman Ahmad ***
Commissioner 2021 – 2025
9 Jeffrey Kairupan**** Independent Commissioner 2020 – 2024
*
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024.
**
Appointed at the EGMS on 25 October 2024 and effective as of 26 February 2025.
***
Resign as Commissioner effective as of 30 June 2024. His resignation was accepted at the EGMS on 25 October 2024.
****
His term of office ends at the AGMS on 3 April 2024.
TERM OF OFFICE OF THE BOARD OF COMMISSIONERS
1. The term of office for a member of the Board of Commissioners is from the date of appointment by the GMS until the
closing of the 3rd (third) Annual GMS (AGMS) after the date of the appointment, without prejudice to the right of the
GMS to dismiss the member at any time in accordance with the applicable Articles of Association and provisions. The
term of office was changed to 3 (three) years at the 2022 AGMS.
2. The appointment of members of the Board of Commissioners will be effective after obtaining OJK approval or
fulfilling the requirements stipulated in the OJK approval letter in relation to the fit and proper test and other relevant
authorities (if any) and has been approved by the shareholder through the GMS.
3. The term of office for an Independent Commissioner is 2 (two) consecutive terms, or a maximum of 9 (nine) years.
4. The term of office for a member of the Board of Commissioners ends if:
a. The term of office ends in accordance with the provisions of the Bank’s Articles of Association;
b. Resign in accordance with applicable provisions;
c. No longer meets statutory requirements;
d. Passed away;
e. Dismissed based on GMS decision;
f. Declared bankrupt or placed under guardianship based on a court decision
g. Involved in financial crime.
5. Members of the Board of Commissioners whose terms of office have ended may be reappointed by considering the
applicable provisions.
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FIT AND PROPER TEST
In line with OJK Regulation No. 27/POJK.03/2016 on the Assessment of Capability and Conformity for Main Parties of
Financial Services Institutions, prospective members of the Board of Commissioners must obtain approval from OJK
before carrying out their actions, duties, and functions as the Board of Commissioners. Members of the Bank’s Board
of Commissioners must have adequate integrity, competence, and financial reputation, as shown in the following table:
Legal Basis of
No. Name Position Regulator BI/OJK Approval Effective Date Reappointment
Appointment
1 Didi Syafruddin Yahya President OJK AGMS No. SR-188/PB.12/2020 7 July AGMS
Commissioner 9 April 2020 dated 7 July 2020 2020 10 April 2023
2 Glenn M. S. Yusuf Vice President OJK AGMS No. SR-308/PB.12/2020 16 September AGMS
Commissioner (Independent) 9 April 2020 dated 16 September 2020 2020 3 April 2024
3 Sri Widowati Independent OJK AGMS No. SR-309/PB.12/2019 20 November AGMS
Commissioner 15 April 2019 dated 20 November 2019 2019 10 April 2023
4 Vera Handajani Commissioner OJK EGMS No. SR-310/PB.12/2021 17 December -
17 December 2021 dated 1 December 2021 2021
5 Farina J. Situmorang Independent OJK AGMS No. SR-27/PB.02/2024 25 January -
Commissioner 10 April 2023 dated 18 January 2024 2024
6 Dody Budi Waluyo Independent OJK AGMS No. SR-353/PB.02/2024 21 August -
Commissioner 3 April 2024 dated 21 August 2024 2024
7 Novan Amirudin Commissioner OJK EGMS No. SR-46/PB.02/2025 26 February -
25 October 2024 dated 26 February 2025 2025
8 Jeffrey Kairupan* Independent OJK AGMS No. SR-183/D.03/2016 14 September AGMS
Commissioner 15 April 2016 dated 14 September 2016 2016 9 April 2020
7 Dato’ Abdul Rahman Commissioner OJK EGMS No. SR-122/PB.12/2021 29 April -
Ahmad** 25 September 2020 dated 28 April 2021 2021
*
His term of office ends at the AGMS on 3 April 2024.
**
Resign as Commissioner effective as of 30 June 2024. His resignation was accepted at the EGMS on 25 October 2024.
DUTIES, RESPONSIBILITIES, AND AUTHORITY a year and providing recommendations for
OF THE BOARD OF COMMISSIONERS the improvement of the quality of the Bank’s
The Board of Commissioners acts and is responsible Compliance Function to the President Director;
collegially, assisted by the Audit Committee, Risk e. ensuring the application of risk management in
Oversight Committee, Nomination and Remuneration accordance with the characteristics, complexity,
Committee, and Integrated Governance Committee and risk profile of the Bank by approving and
according to their respective fields. Information regarding evaluating risk management policies, including
the duties, responsibilities, and authority of the Board of the risk management framework strategy
Commissioners that applies to each member of the Board established in line with the Bank’s risk appetite
of Commissioners, is as follows: and risk tolerance, at least once a year or more
1. Each member of the Board of Commissioners cannot frequently if there are significant changes in
act alone, but based on the decisions of the Board of factors affecting the Bank’s business activities;
Commissioners. f. ensuring that the Board of Directors establishes
2. The Board of Commissioners is responsible for: and maintains an adequate, effective, and
a. ensuring the implementation of Good Corporate efficient internal control system, and reviewing
Governance in all business activities of the Bank the effectiveness and efficiency of the internal
at all levels of the organization; control system based on information obtained
b. ensuring the alignment of environmental, from the Bank’s Internal Audit Unit (IA) at least
economic, social, and governance aspects in once a year;
the formulation of business strategies and the g. appointing an independent quality controller
implementation of business activities by the from an external party to conduct a review of the
Board of Directors, as a form of sustainable performance of the IA, taking into account the
banking practices, while considering the risks recommendations of the Audit Committee;
and opportunities for sustainability and climate h. supervising the implementation of internal control
change. policies and procedures in the Bank’s financial
c. evaluating, directing, and monitoring the reporting process;
Bank’s strategic plans and the implementation i. ensuring that the Board of Directors has and
of Information Technology (IT) governance in implements a Financial Literacy and Financial
accordance with applicable regulations. Inclusion activity plan;
d. conducting active supervision of the Compliance j. supervising the implementation of Integrated
Function by evaluating the implementation of Governance in Financial Conglomerate;
the Bank’s Compliance Function at least twice
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k. together with the President Director, approving and/or assessments of the performance of the
the annual audit plan and budget allocation for Committees at least at the end of each financial year.
the implementation of the internal audit function 9. The Board of Commissioners and the President
as well as the internal audit charter, taking into Director are responsible for ensuring that the
account the recommendations of the Audit implementation of internal audits in the Bank’s
Committee. subsidiaries is carried out using the Bank’s audit
3. The Board of Commissioners is prohibited from being standards, with due regard to the size, characteristics,
involved in making decisions on the Bank’s operational and complexity of the subsidiaries’ business.
activities, except: 10. The Board of Commissioners and President
a. Provision of funds to related parties as regulated in Director approves the appointment or dismissal of
OJK Regulation regarding the Legal Lending Limit the Chief Audit Executive, with due regard to the
for Commercial Banks and Sharia Commercial recommendations of the Audit Committee.
Banks; and 11. The BOC has the right to obtain information on all
b. Other matters stipulated in the Bank’s Articles of matters regarding the operations of the Bank and its
Association or applicable laws and regulations. subsidiaries as well as matters relating to the Bank’s
4. Decision making by the Board of Commissioners as ethical standards.
referred above, is part of the supervisory duties of the 12. The Board of Commissioners must prepare succession
Board of Commissioners so that it does not negate plans for the Chief Executive Officer (CEO)/President
the responsibility of the Board of Directors for the Director and key management to ensure sustainable
implementation of Bank management. regeneration of the Bank’s future leadership.
5. The Board of Commissioners approves and/or
supervises, both directly or through Committees of DUTIES AND RESPONSIBILITIES OF THE
the Board of Commissioners, the implementation PRESIDENT COMMISSIONER
of the Strategy, Business Plan and several Bank The President Commissioner of CIMB Niaga has the
Policies in accordance with applicable regulations, following duties and responsibilities:
including the determination and implementation of 1. Coordinate and ensure the implementation of
Anti-Fraud strategies, Anti-Money Laundering and the duties and responsibilities of the Board of
Counter-Terrorism Financing (AML-CTF) procedures, Commissioners in accordance with the procedures.
Whistleblowing, Integrated Governance, Affiliated 2. Make invitations and lead meetings of the Board
Transactions (Related Party Transaction), Legal of Commissioners, including being able to provide
Lending Limits (LLL), and other Bank strategies in proposals to hold meetings of the Board of
accordance with applicable regulations. Specifically Commissioners, along with the meeting agenda.
through the Nomination and Remuneration Committee, 3. Submit a supervisory report to obtain approval from
oversee the selection and assessment of candidates the Annual GMS for the implementation of its duties
for members of the Board of Commissioners and and oversight.
Board of Directors without intervening. 4. Together with the President Director, sign the
6. The Board of Commissioners is required to supervise report on the appointment or dismissal of the Chief
the Board of Directors’ follow-up on audit findings or Audit Executive and the report on the results of an
examinations and recommendations from the Bank’s independent external review of the Bank’s Internal
internal audit unit, external auditors, OJK supervision Audit performance, to be submitted to the OJK.
results, and/or supervision results from other 5. Ensure that the Board of Commissioners meeting
authorities and institutions. makes decisions effectively based on true and
7. The Board of Commissioners is required to notify the adequate information, including ensuring that:
OJK no later than 5 (five) working days after the finding a. All strategic and important issues are considered
of violations of laws and regulations in the fields of by the Board of Commissioners;
finance, banking and those related to the Bank’s b. Existing issues are discussed carefully and
business activities; and/or significant circumstances thoroughly;
and weaknesses or conditions that may endanger the c. All members of the Board of Commissioners are
Bank’s business continuity. given the opportunity to contribute effectively;
8. In order to support the effective implementation d. Each Commissioner receives relevant information
of its duties and responsibilities, the Board of in a timely manner, including a a brief explanation
Commissioners is required to establish at least: of the issues to be discussed in the Board of
a. Audit Committee; Commissioners meeting; and
b. Risk Oversight Committee; and e. The Board of Commissioners meeting produces
c. Nomination and Remuneration Committee. clear decisions and is recorded in the minutes of
The Board of Commissioners shall oversee its the meeting.
established Committees in discharging their 6. Lead efforts to meet the development needs of the
respective duties effectively, and conduct evaluations Board of Commissioners.
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7. Conduct a final evaluation with due consideration of recommendations of the Nomination and Remuneration
Committee, on the results of the collective evaluation of the Board of Commissioners and its committees and
individual evaluations of members of the Board of Commissioners and members of its committees.
The duties, responsibilities, and authorities of the Board of Commissioners and the President Commissioner
are fully stated in the Board of Commissioners’ Charter which can be accessed through the Bank’s website
https://investor.cimbniaga.co.id/gcg/boc.html
DUTIES AND AUTHORITIES OF SENIOR INDEPENDENT COMMISSIONERS
1. Act as coordinator and leader of Board of Commissioners’ Meetings for agendas that have the potential to have a
conflict of interest with affiliated parties.
2. Act as a liaison to the Board of Commissioners if there are matters that need to be conveyed regarding Controlling
Shareholders.
3. Act as an independent channel/means for whistleblowers regarding Controlling Shareholders.
DELEGATION OF DUTIES OF MEMBERS OF THE BOARD OF COMMISSIONERS
Several members of the Board of Commissioners carry out duties and hold concurrent positions as chairmen of committees
under the Board of Commissioners, in line with their respective competencies and expertise in their respective fields. The
following are details of the duties of members of the Board of Commissioners:
Committee Committee Membership by Members of the Board of Commissioners
Audit Committee 1. Dody Budi Waluyo (Chairman concurrently member)
2. Glenn M. S. Yusuf (Member)
Risk Oversight Committee 1. Glenn M. S. Yusuf (Chairman concurrently member)
2. Didi Syafruddin Yahya (Member)
3. Vera Handajani (Member)
4. Farina J. Situmorang (Member)
5. Dody Budi Waluyo (Member)
Nomination and Remuneration 1. Sri Widowati (Chairwoman concurrently member)
Committee 2. Glenn M. S. Yusuf (Member)
3. Didi Syafruddin Yahya (Member)
Integrated Governance Committee Dody Budi Waluyo (Chairman concurrently member)
TYPES OF DECISIONS THAT REQUIRE INDEPENDENCE OF THE BOARD OF
THE APPROVAL OF THE BOARD OF COMMISSIONERS
COMMISSIONERS As outlined in the Board of Commissioners’ Charter, the
Decisions that require the approval of the Board of following is the independence of the Board of Commisisoners:
Commissioners include strategic, material, and policy 1. The Board of Commissioners and their families and
aspects that are significant to the Bank’s sustainability. other parties affiliated with them are not allowed to
Some of these include approval of the annual business take loans from the Bank.
plan and budget, material transactions, such as the 2. The Board of Commissioners may not take advantage
acquisition or disposal of important assets, and decisions of information obtained from the Bank to make
related to risk policies, including credit, market, and decisions for personal, family, and affiliated parties’
operational risks. The Board of Commissioners must also benefit and interests.
provide approval for sustainability governance policies, 3. The Board of Commissioners is not allowed to receive
remuneration, and the appointment or dismissal of personal income or profits from the Bank other than
members of the Board of Directors. remuneration and other facilities as set forth in the
Bank policy and approved by the GMS.
Furthermore, decisions regarding changes in capital 4. The Board of Commissioners is obliged to prioritize
structure, bond issuance, strategic investments, and the interests of the Bank by implementing
transactions with potential conflicts of interest also professionalism and integrity principles, as well as
require the approval of the Board of Commissioners. All working and behaving to the highest standard.
decisions taken consider the recommendations from 5. The Board of Commissioners is not allowed to store
committees at the level of the Board of Commissioners, and duplicate documents or control Bank assets for
as well as ensuring compliance with OJK regulations and personal interests.
Good Corporate Governance principles.
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6. Unless otherwise regulated in the applicable laws and conflict of interest in any situation and is committed to
regulations and the Bank’s Articles of Association, the avoiding potential conflicts of interest as stated in the
Board of Commissioners has no right to represent the Board of Commissioners’ Charter. In the event of a conflict
Bank even when authorized by the Board of Directors, of interest, the Board of Commissioners is prohibited from
unless due to the failure of the Board of Directors to taking actions that could be detrimental or reduce the
function, the Board of Commissioners takes over the Bank’s profits and is required to disclose the potential
role of the Board of Directors. conflict of interest in every decision.
7. All members of the Board of Commissioners are
not allowed to receive, give, or offer anything from/ In the event of a conflict of interest, members of the Board
to State Officials and business partners. None of of Commissioners must follow the procedures outlined
the members of the Bank’s Board of Commissioners below:
received any shares or bonuses. 1. Required to immediately report in writing to the Board
of Commissioners regarding all matters that have the
CONCURRENT POSITION OF BOARD OF potential to create and/or contain conflicts of interest
COMMISSIONERS that have a significant financial and reputational
Concurrent positions of the Bank’s Board of impact for CIMB Niaga, the Board of Commissioners,
Commissioners are regulated in the Board of and the Board of Directors.
Commissioners’ Charter, whereby members of the Board 2. Refrain from participating in the assessment process
of Commissioners may only hold concurrent positions as: for all activities that contain a conflict of interest.
1. Members of the Board of Commissioners, members of 3. May participate in meetings but are not allowed to
the Sharia Supervisory Board, members of the Board take part in decision-making.
of Directors, or Executive Officers at 1 (one) non-
financial institution/company, whether domiciled at POLICY ON THE PROVISION OF LOAN TO THE
home or abroad; or BOARD OF COMMISSIONERS
2. Member of Committee on a maximum of 5 (five) As regulated in the Board of Commissioners’ Charter,
Committees in Banks or public companies where the CIMB Niaga has a policy that Independent Commissioners,
person concerned also serves as a member of the as well as their families, and other parties affiliated with
Board of Commissioners or Board of Directors. them are not permitted to take loans from the Bank.
Meanwhile, Non-Independent Commissioners and
Excluding concurrent positions as referred to above if: their families, and other parties affiliated with them
1. Members of the Board of Commissioners, Board are allowed to take loans by following the normal price
of Directors or Executive Officers who carry out policies and conditions offered to non-related parties
supervisory functions in 1 (one) non-Bank subsidiary (arm’s length). Loans by the Board of Commissioners will
controlled by the Bank. be calculated in line with CIMB Niaga’s Legal Lending
2. Non-independent members of the Board of Limit in accordance with Bank Indonesia Regulation
Commissioners carry out the functional duties for the (Peraturan Bank Indonesia/PBI) No. 8/13/PBI/2006 and
Bank’s shareholders in the form of legal entities in OJK Regulation No. 32/POJK.03/2018.
their business groups; and/or
3. Members of the Board of Commissioners hold REALIZATION OF THE IMPLEMENTATION OF
positions in non-profit organizations or institutions. DUTIES AND FOCUS OF SUPERVISION OF
As long as the person concerned does not fail to carry THE BOARD OF COMMISSIONERS IN 2024
out their duties and responsibilities as a member of Throughout 2024, the focus and realisation of the Board
the Bank’s Board of Commissioners. of Commissioners’ supervision covered several important
aspects, including:
All members of the CIMB Niaga’s Board of Commissioners 1. Analyze, provide feedback, and, in collaboration with
do not have concurrent positions in CIMB Niaga the Board of Directors, approve the Bank Business
subsidiaries. The Company Profile Chapter of this Annual Plan (RBB), including reviewing and approving
Report lists the concurrent positions held by members amendments to the RBB to be submitted to the OJK in
of the Board of Commissioners in other agencies/ accordance with the time set by the OJK.
institutions/organizations/listed companies in 2024. 2. Supervise RBB implementation, which is reported to
OJK periodically through RBB supervision reports.
CONFLICT OF INTEREST OF THE BOARD OF 3. Monitor, analyze, and provide feedback on the Bank’s
COMMISSIONERS strategic plans.
During 2024, all members of the Board of Commissioners 4. Regularly review the Bank’s financial performance
had no conflicts of interest or potential conflicts of at Board of Commissioners and committee meetings,
interest with the Bank. The Board of Commissioners including inviting business units to present their
always positions itself so as not to be in a potential performance.
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5. In accordance with applicable regulations, actively 15. Through the Audit Committee, conducts a review of
supervise risk management, including conducting a the financial statements, including the presentation
self-assessment of the Bank’s health level using the of the financial statements, accounting treatment,
Risk-Based Bank Rating (RBBR). In 2024, through the and their conformity with generally accepted
Risk Oversight Committee, monitor risk management, accounting principles, a review of the adequacy of
asset quality, Bank health status, and stress test published reports and reporting to authorities, and
results, as well as review the Bank’s required carries out an evaluation of the implementation of the
risk management policies, including the Funding compliance function at the Bank.
Contingency Plan policy, to assess the suitability of 16. The risk monitoring function has been carried out
risk management policies for policy implementation. through the Risk Oversight Committee, which provides
6. Ensure that the Board of Directors has followed up recommendations to the Board of Commissioners
on audit findings and recommendations from the in order to support the effectiveness of the
Internal Audit Unit, including improvements to the implementation of the duties and responsibilities
audit findings of external auditors and regulators. of the Board of Commissioners relating to risk
7. Regarding liquidity in both Rupiah and US Dollars, management.
the Board of Commissioners receives the Board of 17. Carrying out the function of supervision and
Directors’ Reports on a regular basis to gain a clear implementation of Integrated Governance in the
picture of the Bank’s funding and liquidity structure, CIMB Indonesia Financial Conglomerate through
as well as its funding strategy. the IGC, including evaluating the implementation of
8. Review: (i) monitoring reports every semester, (ii) Integrated Governance through an assessment on the
GCG self-assessment reports, and (iii) related party adequacy of internal control and the implementation
transactions and approve several internal policies that of integrated compliance functions.
require approval up to the Board of Commissioners level. 18. Analyze, provide input, and approve the 2025
9. Receive the most recent report on investments and Sustainable Finance Action Plan (SFAP) and the
achievements related to operations and information realization of the 2024 SFAP to be submitted to the
technology that have been implemented in 2024. OJK.
10. Monitor the Bank’s operational risks, which include 19. Regarding the supervisory function of the Sharia
Non-Performing Loans (NPL), impaired loans, and Business Unit, through the Sharia Supervisory Board,
fraud. in a meeting with the Board of Commissioners,
11. Review and approve the updated Recovery Plan which ensuring the implementation of Sharia Banking
was submitted to the OJK at the end of November Governance.
2024 and ensure that the Resolution Plan also will be
proposed for approval from Shareholders at the 2025 RECOMMENDATION OF THE BOARD OF
AGMS. COMMISSIONERS
12. Conducting reviews, providing input, and approving During 2024, important recommendations issued by the
the Information Technology Strategic Plan. Board of Commissioners include:
13. In 2024, the Board of Commissioners approved 1. Provide feedback and approve Corporate Action plans
the recommendations of the Nomination and throughout 2024, including the implementation of the
Remuneration Committee to be submitted to the GMS, Annual GMS and dividend distribution.
namely: 2. Provide approval for amandments to the 2024 RBB,
a. reappointment of (i) Glenn M. S. Yusuf as Vice 2025 Recovery Plan, 2025 SFAP, and realization of
President Commissioner (Independent): and the 2024 SFAP and provide approval for the Bank’s
approving the resignation of Dato’ Abdul Rahman strategic & business plans for the 2025 financial year.
Ahmad and; 3. Review and provide feedback on the Bank’s Risk
b. Changes to the composition of the Company’s Appetite Statement.
Board of Commissioners by appointing Dody Budi 4. Provide feedback regarding the Bank’s financial
Waluyo as Independent Commissioner and Novan targets, including Net Interest Margin, NPL and
Amirudin as Commissioner. Watchlist Accounts, Loan to Deposit Ratio, Asset
14. In terms of human resources, the Board of Quality, productivity, and market competition.
Commissioners supervises the implementation of risk 5. Providing input related to the growth of the Bank’s
management pertaining to outsourcing and monitors low-cost funds (CASA) and fee-based income
manpower policies and HR management functions through the development of Bank services for ease of
that carry risks and have a significant impact on the transactions and services through the FF16 Project,
Bank and carry out supervision in the implementation Transaction Banking products, Value Chain, and
of risk management related to outsourcing. improvements in Sharia Banking business services
through dual banking leverage, as well as through the
development of branchless banking facilities provided
by the Bank for customers as an improvement in
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customer experience in transactions, Information 3. Meetings can be held in person or via telepresence
and Data Technology governance, cyber protection technology, which allows participants to hear and see
and security, reviewing the effectiveness of fraud each other.
prevention, detection and investigation. 4. All members of the Board of Commissioners must
6. Providing input and recommendations for efficiency physically attend meetings of the Board of Commissioners
and discipline in cost management to ensure that cost at least twice a year. In the event that a Non-Independent
culture can develop well and become the spearhead in Commissioner is unable to physically attend the Meeting,
achieving cost savings targets in various aspects, and the Meeting can be attended via teleconference or
increasing bank income, IT transformation programs, telepresence technology.
and productivity from both front liners and back 5. A proposal to hold a meeting may be made by the
office, granting authority in the approval process that President Commissioner or more than 2 (two) members
has an impact on accelerating customer service. of the Board of Commissioners, at a meeting of the
7. Providing input and recommendations regarding the Board of Directors, or by written request from one or
Spin Off plan. more shareholders who (collegially) own at least 1/10
8. Periodically discuss macroeconomic and industrial (one tenth) of the total number of shares with valid voting
conditions as well as new banking regulations and rights issued by the Bank in accordance with the Articles
their impact on the Bank’s business and follow-up. of Association and applicable provisions.
9. Provide recommendations to the Board of Directors 6. All members of the Board of Commissioners are required
through committees at the Board of Commissioners to attend at least 75% (seventy-five percent) of the Board
level as stated in the Report on the Implementation of Commissioners’ meetings in a year.
of Duties of the Audit Committee, Risk Oversight 7. The minutes of the meeting must state the presence
Committee, Nomination and Remuneration of each member of the Board of Commissioners,
Committee, and Integrated Governance Committee both physically and via teleconference/telepresence.
in the Corporate Governance Report Chapter of this Attendance at a teleconference/telepresence meeting
Annual Report. must be accompanied by audio/visual recording of the
10. In accordance with the Bank’s Articles of Association, meeting.
the Board of Commissioners approves proposals for 8. The Corporate Secretary and other parties designated
action on non-performing loan, restructuring and by the Board of Commissioners may attend meetings,
write-off of loan above certain limits as determined in as may other invited parties from the Bank’s internal and
Bank policy. In addition, the Board of Commissioners external networks.
provides loan approval to parties related to the Bank 9. Invitation and materials for Board of Commissioners
in accordance with the provisions of the applicable meetings must be delivered to participants 5 (five)
authorities. As well as approving the proposed working days prior to the meeting. In the event that a
changes to the Members of the Committee at the level Board of Commissioners meeting is held outside of the
of the Board of Commissioners. previously planned schedule, the meeting materials
are distributed to the Board of Commissioners meeting
POLICY AND FREQUENCY OF MEETING participants no later than the meeting date.
10. The meeting invitation must be signed by the President
PROVISIONS FOR BOARD OF COMMISSIONERS Commissioner or other members of the Board of
MEETINGS, JOINT MEETINGS OF THE BOARD OF Commissioners or the Corporate Secretary, including the
COMMISSIONERS WITH BOARD OF DIRECTORS date, time, place and agenda of the meeting.
AND/OR SHARIA SUPERVISORY BOARD 11. A member of the Board of Commissioners may only
1. The Board of Commissioners must prepare a schedule be represented by another member of the Board of
for the Board of Commissioners meetings and joint Commissioners at a meeting based on a special power of
Board of Commissioners with the Board of Directors attorney made for the purposes of the meeting, provided
and/or SSB meetings for the following financial year that:
prior to the end of the financial year and upload it to a. The physical absence of the person concerned can
the Bank’s website. be counted in the frequency of physical presence
2. Board of Commissioners meetings must be held at the meeting;
periodically at least once every 2 (two) months or at any b. The physical absence of the person concerned
time if deemed necessary. Meanwhile, joint meetings of does not prejudice the right to vote in decision
the Board of Commissioners and Board of Directors must making in accordance with the power granted,
be held at least once every 4 (four) months. Furthermore, provided that the voting rights are taken into
the Board of Commissioners is obliged to hold regular consideration when determining meeting quorum.
meetings with the SSB periodically at least once every 4
(four) months.
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12. Meetings must be held in the territory of Indonesia, but 24. If there are dissenting opinions that occur at the meeting,
if they are held outside the territory of Indonesia, the they must be stated clearly in the minutes of the meeting
meeting decisions are considered valid if attended by along with the reasons for the dissenting opinions.
all members of the Board of Commissioners or their 25. The Board of Commissioners may also take legal and
representatives based on a special power of attorney. binding decisions without convening a meeting as long
13. A meeting is valid and has the right to make binding as every member of the Board of Commissioner signs the
decisions if it is attended/represented by at least 2/3 (two proposed resolution indicating their approval. Decisions
thirds) of the total number of members of the Board of made in this manner are just as legally binding as those
Commissioners. made at a Board of Commissioners meeting.
14. Meeting decisions are taken based on deliberation to 26. In the event that the minutes of the meeting are prepared
reach consensus. In the event that a decision based bilingually and there are differences in interpretation, the
on deliberation to reach consensus is not reached, the Bahasa version shall prevail.
decision is taken by voting based on the affirmative votes 27. Minutes of meetings are valid evidence for members of
of more than 2/3 (two thirds) of the total members of the the Board of Commissioners and third parties regarding
Board of Commissioners present. the decisions taken at the meeting.
15. Voting is generally carried out orally, but under certain
conditions and according to mutual agreement voting In 2024, meetings of the Board of Commissioners and joint
can be carried out by means of a closed letter. meetings of the Board of Commissioners with the Board of
16. Members of the Board of Commissioners who are present Directors and/or SSB were held physically, virtually, and
at a meeting, but who are not in the meeting room at the hybrid (physical and virtual), in accordance with the Bank’s
time of decision making for some reason, will have their new way of working, HyWork (Hybrid Working, Happy
voting rights considered as abstain. Working), which has been implemented since 2021.
17. All member of the Board of Commissioners who is present
has the right to cast 1 (one) vote and an additional 1 (one) The schedule for the Board of Commissioners meetings
vote for another member of the Board of Commissioners and joint meetings of the Board of Commissioners with
he/she represents. the Board of Directors and/or Sharia Supervisory Board
18. Members of the Board of Commissioners who are unable throughout 2024 has been prepared and uploaded to the
to attend the meeting must notify the reason for their Bank’s website at the end of 2023.
absence to the President Commissioner.
19. The meeting is chaired by the President Commissioner, in BOARD OF COMMISSIONERS MEETING
the event that the President Commissioner is unable to AGENDA IN 2024
attend or is absent, which does not require verification to The following is the permanent agenda discussed at the
a third party, the meeting will be chaired by a member of Board of Commissioners’ meeting every year:
the Board of Commissioners who is present and selected 1. Confirmation to obtain approval for the Minutes of the
by the Meeting. previous Board of Commissioners’ Meeting;
20. Minutes of meetings are prepared by the Corporate 2. Follow-up report from the Minutes of the Board of
Secretary or other party appointed by the Board of Commissioners’ Meeting and discussion of unresolved
Commissioners and are properly documented. issues from the previous Board of Commissioners’
21. If the meeting is held via teleconferencing technology, Meeting;
it must be followed up by preparing the minutes of the 3. Summary of approval of the previous month’s loan
meeting, which are signed by all members of the Board of proposal;
Commissioners in attendance. 4. Financial Performance Report; and
22. Minutes of meetings of the Board of Commissioners must 5. Reports from Committees at the Board of
be signed by all members of the Board of Commissioners Commissioners level, namely the Audit Committee,
present and submitted to all members of the Board of Risk Oversight Committee, Nomination and
Commissioners. Remuneration Committee, and Integrated Governance
23. In the event that a member of the Board of Commissioners Committee.
does not sign the minutes of the meeting, the person
concerned is obliged to state the reasons in writing in a
separate letter attached to the minutes of the meeting.
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In addition to the above permanent agenda, the Board of Commissioners’ Meeting also discussed other agendas,
including the following:
No Date Agenda Participants
1 29 February 2024 1. Financial Performance Highlights as of January 2024 1. Didi Syafruddin Yahya
2. Response on OJK Supervisory Concern (Bank Business Plan 2. Glenn M. S. Yusuf
2024) 3. Jeffrey Kairupan*
3. Dividend Payment FY2023 4. Sri Widowati
4. AGMS Update 5. Dato’ Abdul Rahman Ahmad**
5. Sustainability Update 6. Vera Handajani
7. Farina J. Situmorang
2 25 March 2024 1. Financial Performance Highlights as of February 2024 1. Didi Syafruddin Yahya
2. 4Q 2023 Benchmarking Update 2. Glenn M. S. Yusuf
3. Jeffrey Kairupan*
4. Dato’ Abdul Rahman Ahmad**
5. Vera Handajani
6. Farina J. Situmorang
3 30 May 2024 1. MLD Update (Operational Accounting) 1. Didi Syafruddin Yahya
2. Financial Performance Highlights as of April 2024 2. Glenn M. S. Yusuf
3. Forecast 4+8 3. Sri Widowati
4. 2024 Revise of Bank Business Plan 4. Dato’ Abdul Rahman Ahmad**
5. Vera Handajani
6. Farina J. Situmorang
7. Dody Budi Waluyo***
4 28 June 2024 1. Financial Performance Highlight as of May 2024 1. Didi Syafruddin Yahya
2. Transaction Banking Update 2. Glenn M. S. Yusuf
3. Sri Widowati
4. Vera Handajani
5. Farina J. Situmorang
6. Dody Budi Waluyo***
5 30 August 2024 1. Financial Performance as of July 2024 1. Didi Syafruddin Yahya
2. 2Q 2024 Financial Benchmarking 2. Glenn M. S. Yusuf
3. Driving Digital Banking Adoption and Usage 3. Vera Handajani
4. EGM Update 4. Farina J. Situmorang
5. 2Q 2024 Sustainability Update 5. Dody Budi Waluyo
6 27 September 2024 1. Financial Performance as of August 2024 1. Didi Syafruddin Yahya
2. EBB Update 2. Glenn M. S. Yusuf
3. Sri Widowati
4. Vera Handajani
5. Farina J. Situmorang
6. Dody Budi Waluyo
7 29 November 2024 1. Financial Performance as of October 2024 1. Didi Syafruddin Yahya
2. Business Plan Highlights 2025 2. Glenn M. S. Yusuf
3. IT Strategic Plan 3. Sri Widowati
4. Fee Income to Revenue Maximization (Fireman) Update 4. Vera Handajani
5. Farina J. Situmorang
6. Dody Budi Waluyo
7. Novan Amirudin****
8 13 December 2024 1. Financial Performance as of November 2024 1. Didi Syafruddin Yahya
2. F30 Update 2. Glenn M. S. Yusuf
3. BNM Audit Finding Update 3. Sri Widowati
4. Vera Handajani
5. Farina J. Situmorang
6. Dody Budi Waluyo
7. Novan Amirudin****
*
His term of office ended at the AGMS on 3 April 2024.
**
Resign as Commissioner effective as of 30 June 2024. His resignation was accepted at the EGMS on 25 October 2024
***
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024. Attendance at meetings held prior to 21 August 2024 is an invitation to the meeting and is
not counted as attendance at the meeting.
****
Appointed at the EGMS on 25 October 2024 and effective as of 26 February 2025. His presence at the meeting constitutes an invitation to the meeting and is not
counted as attendance at the meeting.
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AGENDA OF JOINT MEETINGS OF THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS IN 2024
No Date Commissioners in Attendance Directors in Attendance Agenda
1 24 January 2024 1. Didi Syafruddin Yahya 1. Lani Darmawan 1. FY-2024 Budget (GP8) for KPI Rating
2. Glenn M. S. Yusuf 2. Lee Kai Kwong Consideration.
3. Jeffrey Kairupan* 3. John Simon 2. 2H 2023 Bank Business Plan (RBB)
4. Sri Widowati 4. Pandji P. Realization and Supervisory Report.
5. Dato’ Abdul Rahman Ahmad** Djajanegara 3. CNAF Business Update.
6. Vera Handajani 5. Fransiska Oei
7. Farina J. Situmorang*** 6. Tjioe Mei Tjuen
7. Rusly Johannes
8. Joni Raini
9. Noviady Wahyudi
2 26 April 2024 1. Didi Syafruddin Yahya 1. Lee Kai Kwong FF16 Project Update
2. Glenn M. S. Yusuf 2. John Simon
3. Sri Widowati 3. Pandji P.
4. Dato’ Abdul Rahman Ahmad** Djajanegara
5. Vera Handajani 4. Fransiska Oei
6. Farina J. Situmorang 5. Tjioe Mei Tjuen
7. Dody Budi Waluyo**** 6. Rusly Johannes
7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
3 29 July 2024 1. Didi Syafruddin Yahya 1. Lani Darmawan 1. The Proposal to change the BOC Sub
2. Glenn M. S. Yusuf 2. Lee Kai Kwong Committee Members
3. Sri Widowati 3. John Simon 2. 1H 2024 RBB Realization & Supervisory
4. Vera Handajani 4. Pandji P. Report
5. Farina J. Situmorang Djajanegara 3. Sustainability Update
6. Dody Budi Waluyo**** 5. Fransiska Oei
6. Tjioe Mei Tjuen
7. Rusly Johannes
8. Henky Sulistyo
9. Joni Raini
10. Noviady Wahyudi
4 25 October 2024 1. Didi Syafruddin Yahya 1. Lani Darmawan 1. Recovery Plan 2025 (for approval)
2. Glenn M. S. Yusuf 2. Lee Kai Kwong 2. Spin-Off Project Update
3. Sri Widowati 3. John Simon 3. 2024 Sustainability Financial Action Plan
4. Vera Handajani 4. Fransiska Oei Realization & 2025 Sustainability Financial
5. Farina J. Situmorang 5. Tjioe Mei Tjuen Action Plan
6. Dody Budi Waluyo**** 6. Rusly Johannes
7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
*
His term of office ended at the AGMS on 3 April 2024.
**
Resign as Commissioner to be effective as of 30 June 2024. His resignation was accepted at the EGMS on 25 October 2024.
***
Appointed at the AGMS on 10 April 2023 and effective as of 25 January 2024. Attendance at meetings held prior to 25 January 2024 is an invitation to the meeting and
is not counted as attendance at the meeting.
****
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024. Attendance at the meeting prior to 21 August 2024 is an invitation to the meeting and is not
counted as attendance at the meeting.
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AGENDA OF JOINT MEETINGS OF THE SHARIA SUPERVISORY BOARD (SSB) AND BOARD OF COMMISSIONERS
IN 2024
No Date Commissioners in Attendance SSB in Attendance Agenda
1 26 April 2024 1. Didi Syafruddin Yahya 1. M. Quraish Shihab Financial Performance Update as of
2. Glenn M. S. Yusuf 2. Fathurrahman Djamil March 2024
3. Sri Widowati 3. Yulizar D. Sanrego
4. Dato’ Abdul Rahman Ahmad*
5. Vera Handajani
6. Farina J. Situmorang
7. Dody Budi Waluyo**
2 29 July 2024 1. Didi Syafruddin Yahya 1. M. Quraish Shihab 1. Confirmation of the Minutes of
2. Glenn M. S. Yusuf 2. Fathurrahman Djamil SSB Meeting with BOC and BOD
3. Sri Widowati 3. Yulizar D. Sanrego on 26 April 2024
4. Vera Handajani 2. Matters Arising from SSB
5. Farina J. Situmorang Meeting with BOC and BOD on
6. Dody Budi Waluyo** 26 April 2024
3. Sharia Banking Update
3 29 November 2024 1. Didi Syafruddin Yahya 1. M. Quraish Shihab 1. Confirmation of the Minutes of
2. Glenn M. S. Yusuf 2. Fathurrahman Djamil SSB Meeting with BOC and BOD
3. Sri Widowati 3. Yulizar D. Sanrego on 29 July 2024
4. Vera Handajani 2. Matters Arising from SSB
5. Farina J. Situmorang Meeting with BOC & BOD on 29
6. Dody Budi Waluyo July 2024
7. Novan Amirudin*** 3. Update on Fatwa of National
Sharia Council (DSN)
*
Resign as Commissioner effective as of 30 June 2024. His resignation was accepted at the EGMS on 25 October 2024.
**
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024. Attendance at meetings held prior to 21 August 2024 is an invitation to the meeting and is
not counted as attendance at the meeting.
***
Appointed at the EGMS on 25 October 2024 and effective as of 26 February 2025. His presence at the meeting is an invitation to the meeting and is not counted as
attendance at the meeting.
MEETING FREQUENCY AND ATTENDANCE RATE OF THE BOARD OF COMMISSIONERS IN 2024
Joint Meetings of Board of Joint Meetings of SSB and
Board of Commissioners Meetings GMS
Commisoners and Board of Directors Board of Commissioners
No Name Average Average Average Average
Attendance Attendance Attendance Attendance Attendance Attendance Attendance Attendance Attendance Attendance Attendance Attendance
Frequency Rate Frequency Rate Frequency Rate Frequency Rate
Rate Rate Rate Rate
1 Didi 8/8 100% 4/4 100% 3/3 100% 3/3 100%
Syafruddin
Yahya
2 Glenn M. S. 8/8 100% 4/4 100% 3/3 100% 3/3 100%
Yusuf
3 Sri 7/8 87% 4/4 100% 3/3 100% 3/3 100%
Widowati
4 Vera 8/8 100% 4/4 100% 3/3 100% 3/3 100%
Handajani
5 Farina J. 8/8 100% 3/3 100% 3/3 100% 3/3 100% 100%
95% 100% 100%
Situmorang*
6 Dody Budi 4/4 100% 1/1 100% 1/1 100% 2/2 100%
Waluyo**
7 Novan - - - - - - 1/1 100%
Amirudin***
8 Dato’ Abdul 3/4 75% 2/2 100% 1/1 100% 2/2 100%
Rahman
Ahmad****
9 Jeffrey 2/2 100% 1/1 100% - - 2/2 100%
Kairupan*****
*
Appointed at the AGMS on 10 April 2023 and effective as of 25 January 2024. Attendance at meetings held prior to 25 January 2024 is an invitation to the meeting and is not counted as attendance at
the meeting.
**
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024. Attendance at meetings held prior to 21 August 2024 is an invitation to the meeting and is not counted as attendance at the
meeting.
***
Appointed at the EGMS on 25 October 2024 and effective as of 26 February 2025. His presence at the meeting is an invitation to the meeting and is not counted as attendance at the meeting.
****
Resign as Commissioner as of 30 June 2024. His resignation was accepted at the EGMS on 25 October 2024.
*****
His term of office ended at the AGMS on 3 April 2024.
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BOARD OF COMMISSIONERS COMPETENCY In addition to the program, CIMB Niaga has also developed
DEVELOPMENT PROGRAM orientation program materials for the Bank’s digital learning
In order to support the implementation of the Board platform (e-Learning), namely the Learning on the Go (LoG)
of Commissioners’ duties in overseeing the effective application. This application aims to improve the quality and
management of the Bank by the Board of Directors, the effectiveness of the orientation program and can be accessed
Board of Commissioners requires knowledge, skills, by prospective members of the Board of Commissioners
and an in-depth understanding of various aspects anywhere and anytime.
of the business as well as the legal and regulatory
environment. CIMB Niaga facilitates the development In 2024, the orientation program for a new Commissioner,
of member competencies through training programs namely Dody Budi Waluyo, was conducted by several work
for the Board of Commissioners, which are in line with units, including Strategy and Finance, Corporate Affairs,
the evolving industry and governance, as stated in the Commercial Banking and Risk Management.
Board of Commissioners’ Charter and Policy on Learning,
Development and Orientation of Board of Directors and PERFORMANCE ASSESSMENT OF
Board of Commissioners No. A.04.08. COMMITTEES AT THE BOARD OF
COMMISSIONERS LEVEL
TRAINING AND COMPETENCY DEVELOPMENT
PROGRAM OF THE BOARD OF COMMISSIONERS PERFORMANCE ASSESSMENT POLICY AND
Data on training attended by each Commissioner during PROCEDURE OF COMMITTEES AT THE BOARD OF
2024 is presented in the Company Profile Chapter of this COMMISSIONERS LEVEL
Annual Report. Performance assessments of each Committee at the
Board of Commissioners level are conducted annually (at
RISK MANAGEMENT CERTIFICATION least once a year), which include:
As of 31 December 2024, all serving members of the Board 1. Collegial performance assessment of Committees
of Commissioners have Risk Management Certification at the Board of Commissioners level;
and/or have completed the Risk Management Refreshment 2. Individual performance assessment of each member
program, as stated in the Company Profile Chapter of this of Committees at the Board of Commissioners level;
Annual Report. The Risk Management Certification and/ and
or Refreshment program for the Board of Commissioners 3. Performance assessment of the Chairman of
is in accordance with OJK Regulation No. 24 of 2022 on Committees at the Board of Commissioners level.
Development of Quality of Human Resources for Commercial
Banks and OJK Circular Letter No. 28/SEOJK.03/2022 on The Bank also carries out performance assessments on
Risk Management Certification for Human Resources of Committees at the Board of Commissioners level every 3
Commercial Bank. (three) years, which are carried out by a third party.
INDUCTION PROGRAM FOR NEW COMMISSIONERS In 2024, CIMB Niaga conducted a self-assessment
CIMB Niaga has an orientation program (Induction on the performance of Committees at the Board of
Program) for new members of the Board of Commissioners, Commissioners level using an online survey method
implemented to provide a comprehensive overview of which was given to each Committee member at the Board
business activities, the Bank’s future plans, work guidelines, of Commissioners level. The process and results of the
and other matters that are the responsibility of the Board performance assessment are carried out in a confidential,
of Commissioners. Through this orientation program, new anonymous and independent manner. The results of this
members of the Board of Commissioners are expected to performance assessment are expected to provide input
be able to work in harmony with other Bank Governance for improving the Committees’ performance at the Board
organs. The implementation of this orientation program is in of Commissioners level in the future.
the form of providing documents prepared by the Corporate
Affairs work unit, including: PERFORMANCE ASSESSMENT CRITERIA OF
1. Bank’s Vision and Mission. COMMITTEES AT THE BOARD OF
2. Bank’s Code of Ethics & Code of Conduct. COMMISSIONERS LEVEL
3. Bank’s Organizational Structure. The performance assessment criteria of Committees at
4. Bank’s Articles of Association. the Board of Commissioners levels include:
5. Corporate Policy Manual. 1. Collegial Performance Assessment of the
6. Charter of the Board of Commissioners and Committees at the Board of Commissioners level
Committees of the Board of Commissioners. a. Structure and Composition of the Committees
7. Applicable regulations related to Banking and Capital b. Effectiveness of Committee Meetings
Markets. c. Effectiveness of the Implementation of the
8. Bank’s Annual Report. Committees’ Duties and Responsibilities
9. Bank’s Business Plan.
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2. Individual Performance Assessment of Committee Members at the Board of Commissioners level
a. Competency and Capability of Committee Members
b. Effectiveness of Implementation of Duties and Responsibilities of Committee Members
3. Performance assessment of the Committee Chairman at the Board of Commissioners level
a. Effectiveness of Implementing Duties and Responsibilities
b. Leadership within the Committees
PARTIES CONDUCTING PERFORMANCE ASSESSMENT OF COMMITTEES
AT THE BOARD OF COMMISSIONERS LEVEL
The parties that conducted the performance assessment of the Committees at the Board of Commissioners level are as
follows:
No. Performance Assessment Assessment Conducted by
1 The Committee on Collegial Basis Each member of the Committee gives an assessment of the performance of the Committee.
2 Individual Committee Members Each member of the Committee provides assessment to each other member of the
Committee.
3 Committee Chairman Each member of the Committee gives an assessment of the performance of the respective
Chairman of the Committee.
The performance assessment results are submitted to the Nomination and Remuneration Committee. The Nomination and
Remuneration Committee then submits and discusses all the performance assessment results at the Board of Commissioners
meeting. The results of the discussion are followed up in the form of improvements or action plans (if deemed necessary).
PERFORMANCE ASSESSMENT RESULT FOR COMMITTEES AT THE BOARD OF COMMISSIONERS LEVEL IN 2024
The collegial performance assessment of the Committees:
Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
4.97 (Exceptional) 4.91 (Exceptional) 4.82 (Exceptional) 4.74 (Exceptional)
The average assessment result for individual Committee member:
Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
4.99 (Exceptional) 4.95 (Exceptional) 4.91 (Exceptional) 4.78 (Exceptional)
The performance assessment result for the Committee Chair at the Board of Commissioners level:
Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
5.00 (Exceptional) 5.00 (Exceptional) 5.00 (Exceptional) 4.74 (Exceptional)
Range Table:
Range Description
≥ 4.7 Exceptional
4.0-4.6 Outstanding
3.7-3.9 Exceed Expectation
3.0-3.6 Meet Expectation
< 3.0 Need Improvement
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Independent Commissioner
Independent Commissioners are members of the Board of NUMBER AND COMPOSITION OF
Commissioners who have no financial, management, share INDEPENDENT COMMISSIONERS
ownership, or family relationships with other members Currently, CIMB Niaga has 4 (four) Independent
of the Board of Commissioners, members of the Board Commissioners out of a total of 7 (seven) members of
of Directors, and/or Controlling Shareholders or with the the Board of Commissioners, or more than 50% (fifty
Bank that would prevent or impede their ability to act percent). All members of the Bank’s Independent
independently in accordance with the GCG principles. Commissioners have been declared to have passed
Independent Commissioners are responsible for supervising the Fit and Proper Test and obtained OJK approval as
and representing the interests of minority shareholders. Independent Commissioners and were appointed based
CIMB Niaga’s Independent Commissioners have met on the approval of the GMS.
the requirements outlined in OJK Circular Letter No. 13/
SEOJK.03/2017 on the Implementation of Governance for The number of CIMB Niaga Independent Commissioners
Commercial Banks, as well as OJK Regulation No. 17 of 2023 has complied with OJK Regulation No. 17 of 2023 on
on Implementation of Governance for Commercial Banks. Implementation of Governance for Commercial Banks and
ASEAN Corporate Governance Scorecard’s criteria, which
states that Independent Commissioners must make up at
least 50% (fifty percent) of the total number of members
of the Board of Commissioners, and has 2 (two) female
Independent Commissioners.
The Bank’s Independent Commissioners are:
Name Term of Office
Glenn M. S. Yusuf *
Appointed as Vice President Commissioner (Independent) based on the AGMS Resolution on 9 April 2020 and
effective 16 September 2020. The most recent reappointment based on the AGMS resolution dated 3 April 2024.
Sri Widowati Appointed as Independent Commissioner based on the AGMS Resolution 15 April 2019 and effective 20
November 2019. The most recent reappointment based on the AGMS Resolution on 10 April 2023.
Farina J. Situmorang Appointed as Independent Commissioner based on the AGMS Resolution on 10 April 2023 and effective 25
January 2024.
Dody Budi Waluyo Appointed as Independent Commissioner based on the AGMS Resolution on 3 April 2024 and effective 21 August
2024.
*
Appointed as Senior Independent Commissioner of the Bank through CIMB Niaga’s Board of Commissioners Circular Resolution No. 011/DEKOM/KP/V/2024 dated 6 May 2024.
INDEPENDENT COMMISSIONER CRITERIA
The Board of Commissioners Charter, as well as the Policies and Procedures for Selection, Appointment, Replacement,
and/or Dismissal of Members of the Board of Commissioners, Members of the Board of Directors, and Independent Parties
as Committee Members at the level of the Board of Commissioners, govern the criteria for CIMB Niaga Independent
Commissioners. These criteria are prepared in accordance with applicable regulations, including:
1. Not an individual who had been employed or had authority and responsibility to plan, lead, control, or supervise Bank
activities, including former members of the Bank’s Board of Directors or Executive Officers, or parties who have
a relationship with the Bank that may impair their ability to act independently within the last 1 (one) year, except
for reappointment as the Bank’s Independent Commissioner in the following period. The provisions listed above do
not apply to former President Director and members of the Board of Directors or Executive Officers who perform
supervisory duties at the Bank.
2. Has no financial relationship, management relationship, shareholding relationship, family relationship up to second
degree with other members of the Board of Commissioners, Board of Directors, and/or Controlling Shareholders of
the Bank.
3. Has no direct or indirect shareholding in the Bank.
4. Has no affiliation with the Bank, other members of the Board of Commissioners, members of the Board of Directors,
or the Controlling Shareholders of the Bank.
5. Is not associated with any business, either directly or indirectly, that is involved with the business activities of the
Bank.
6. Comply with the Independent Commissioner’s other requirements as specified in applicable regulations.
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7. The term of office for the Independent Commissioner is 2 (two) consecutive terms, or a maximum of 9 (nine) years.
8. In the event that an Independent Commissioner serves on the Audit Committee, he or she may only be reappointed
for 1 (one) additional term on the Audit Committee.
9. An Independent Commissioner who serves as Chairman of a Committee may hold concurrent positions as Chairman
of a Committee on no more than 1 (one) other Committee.
INDEPENDENCE STATEMENT OF THE RESPECTIVE INDEPENDENT COMMISSIONER
The following is the independence statement of each Independent Commissioner of the Bank, which is in line with
the provision of Article 25 paragraph (1) OJK Regulation No. 33/POJK.04/2014 on Board of Directors and Board of
Commissioners of Issuers or Public Companies:
FULFILLMENT OF INDEPENDENCE ASPECTS
Glenn M. S. Farina J. Dody Budi
Independent Commissioner Criteria Sri Widowati
Yusuf Situmorang Waluyo
Not an individual who had been employed or had the authority and responsibility √ √ √ √
for planning, leading, controlling, or supervising Bank activities within the last
1 (one) year.
Has no direct or indirect shareholding in the Bank. √ √ √ √
Has no affiliation with the Bank, other members of the Board of Commissioners, √ √ √ √
members of the Board of Directors or Controlling Shareholders of the Bank.
Has no financial relationship, management relationship, shareholding √ √ √ √
relationship, family relationship up to second degree with other members of the
Board of Commissioners, Board of Directors and/or Controlling Shareholders of
the Bank.
Is not associated with any business, either directly or indirectly, that is involved √ √ √ √
with the business activities of the Bank.
SENIOR INDEPENDENT COMMISSIONER
In 2024, the Bank’s President Commissioner was not an Independent Commissioner, and in connection with the implementation
of the ASEAN Corporate Governance Scorecard principles, the Board of Commissioners of the Bank has appointed a Senior
Independent Commissioner. Based on the Bank’s Board of Commissioners Circular Resolution No. 011/DEKOM/KP/V/2024
dated 6 May 2024, Glenn M. S. Yusuf has been appointed as the Bank’s Senior Independent Commissioner.
The duties and responsibilities of the Senior Independent Commissioner are as stated in the Board of Commissioners’
Chapter in this Annual Report.
Board of Directors
The Board of Directors (BOD) is the organ of Bank LEGAL BASIS
Governance that is fully responsible in a collegial manner 1. Laws of the Republic of Indonesia on Limited Liability
for the management of the Bank for its interests and Companies (the Company Law) and Banking.
objectives and represents the Bank both inside and 2. The Bank’s Articles of Association.
outside the court in accordance with the provisions of the 3. OJK Regulations, Bank Indonesia (BI) Regulations,
Bank’s Articles of Association. Each member of the Board OJK Circular Letters and BI Circular Letters on the
of Directors performs their duties in accordance with their Implementation and Organs of Corporate Governance.
assigned responsibilities and authority, with the goal of 4. Deed of Statement of Resolution of the Bank’s Annual
increasing management effectiveness and achieving General Meeting of Shareholders (AGMS) No. 56
maximum results. CIMB Niaga’s Board of Directors dated 30 August 2024, which was notified to the
maintains a professional, objective, and strategic mindset Indonesian Ministry of Law and Human Rights via
at all times, prioritizing the Bank’s interests in order Letter of Acceptance of Notification of Changes to
to increase added value for stakeholders and ensure Company Data No. AHU-AH.01.09-0247491 dated
business sustainability. 3 September 2024.
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CHARTER OF THE BOARD OF DIRECTORS characteristics, capacity, and size, as well as the diversity of
The Board of Directors’ duties and responsibilities are the Board of Directors’ composition. The structure, number,
guided by the Board of Directors’ Charter, which is and composition of members of the Board of Directors have
evaluated and updated on a regular basis in accordance also been adjusted to achieve effective decision making,
with Indonesian rules and regulations. This Charter binds and have fulfilled the applicable provisions as regulated by
every member of the Board of Directors, allowing them to the Charter of the Board of Directors, namely:
carry out their supervisory function efficiently, effectively, 1. The Board of Directors of CIMB Niaga has 10 (ten)
transparently, independently, and accountable. The Board members, including 1 (one) President Director, 1 (one)
of Directors’ Charter was updated on 6 December 2024, Director who also serves as Compliance Director, and
and uploaded to the Bank’s website. 8 (eight) other Directors.
2. The number of members on the Board of Directors
The basis for the preparation of the Board of Directors’ of CIMB Niaga exceeds that of the Board of
Charter refers to Law of the Republic of Indonesia No. 40 Commissioners of CIMB Niaga.
of 2007 on Limited Liability Companies, OJK Regulations, 3. All members of Board of Directors of CIMB Niaga are
and OJK Circulars on Implementation and Organs of domiciled in Jakarta, Indonesia.
Corporate Governance, the Bank’s Articles of Association, 4. The majority of the Board of Directors are Indonesian
the General Guidelines for GCG Indonesia from the citizens, accounting for 9 (nine) of 10 (ten) members of
National Committee for Governance Policy (KNKG), and the Board of Directors.
the ASEAN Corporate Governance Scorecard. 5. The President Director leads the Board of Directors,
who is independent of the Controlling Shareholders,
The contents of the Board of Directors’ Charter regulate fellow members of the Board of Directors, and members
various matters, including Requirements and Appointment; of the Board of Commissioners of CIMB Niaga.
Duties, Responsibilities, and Authority; Arrangement 6. The majority of members of the Board of Directors
of Authority and Decision Procedures of the Board of must have at least 5 (five) years of experience in the
Directors; Transparency; Ethics, Working Hours, and field of banking operations (including but not limited
Prohibitions; Working Relationship Pattern of the Board of to loan, funding, treasury, risk management, finance,
Directors, Board of Commissioners and Sharia Supervisory and others) and do not hold a concurrent position at
Board; Meetings; Term of Office; Resignation; Dismissal another bank, company, or institution.
or Replacement; and Performance Assessment and 7. The replacement and/or appointment of members
Accountability. of Board of Directors of CIMB Niaga considered the
recommendations of the Nomination and Remuneration
STRUCTURE, NUMBER, AND MEMBERSHIP Committee and received approval from the GMS and OJK.
COMPOSITION OF THE BOARD OF DIRECTORS 8. All members of the Board of Directors of CIMB Niaga do
IN 2024 not have any family relationships up to the second degree
Currently, the number of members of CIMB Niaga’s Board with fellow members of the Board of Directors and/or
of Directors is in accordance with the need to achieve Board of Commissioners or Controlling Shareholders.
the Bank’s aims and objectives, which include the Bank’s 9. All members of the Board of Directors of CIMB Niaga
have passed the Fit and Proper Test.
COMPOSITION OF THE BOARD OF DIRECTORS IN 2024
No. Name Position Term of Office
1 Lani Darmawan President Director 2021-2025
2 John Simon Treasury & Capital Market Director 2022-2025
3 Fransiska Oei Compliance, Corporate Affairs & Legal Director 2024-2027
4 Pandji P. Djajanegara Sharia Banking Director 2024-2027
5 Lee Kai Kwong Strategy, Finance & SPAM Director 2022-2025
6 Tjioe Mei Tjuen Operations & Information Technology Director 2024-2027
7 Rusly Johannes Business Banking Director 2021-2025
8 Joni Raini Human Resources Director 2021-2025
9 Henky Sulistyo Risk Management Director 2021-2025
10 Noviady Wahyudi Consumer Banking Director 2022-2025
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TERM OF OFFICE OF THE BOARD OF DIRECTORS a. The term of office ends in accordance with the
1. The term of office of members of the Board of terms proviosions of the Articles of Association;
Directors shall be effective from the date specified b. Resign in accordance with the applicable
in the GMS appointing them until the closing of the provisions;
3rd (third) AGMS after the date of the appointment c. No longer fulfills statutory requirements;
without prejudice to the right of the GMS to dismiss d. Passed away; and
a member at any time in accordance with Articles of e. Dismissed due to GMS decision.
Association and the prevailing regulations. The term 6. Members of the Board of Directors who have
of office is adjusted to 3 (three) years on the 2022 completed their terms of office may be reappointed in
AGMS. accordance with the applicable provisions.
2. In the event that a member of the Board of Directors’
position becomes vacant, reducing the number of FIT AND PROPER TEST
members to less than 3 (three) peoples, the Bank Every prospective member of the Board of Directors
must hold a GMS within 60 (sixty) calendar days to fill must obtain approval from the OJK prior to carrying out
the vacancies. their actions, duties, and functions as a member of the
3. The Board of Commissioners may temporarily dismiss Board of Directors. This is in line with OJK Regulations
members of the Board of Directors by stating the No. 27/POJK.03/2016 on the Fit and Proper Test for Main
reasons for the dismissal. Parties of Financial Services Institutions. Members of the
4. The temporary suspension must be communicated Board of Directors who have passed the fit and proper
in writing to the appropriate member of the Board test without records and were approved by the OJK
of Directors and followed up in accordance with indicate that every member of the Board of Directors
applicable regulations. demonstrates adequate integrity, competence, and
5. A member of the Board of Directors’ term ends on the financial reputation, as presented in the following table:
event of:
Basis of
No Name Position Regulator BI/OJK Approval Effective Date Reappointment
Appointment
1 Lani President OJK EGMS No. SR-45/PB.12/2022 9 March 2022 -
Darmawan Director 17 December 2021 dated 9 March 2022
2 John Simon Treasury OJK AGMS No. SR-143/D.03/2014 29 August 2014 AGMS
& Capital 27 March 2014 dated 29 August 2014 24 April 2018
Market and EGMS
Director 8 April 2022
3 Fransiska Oei Compliance, OJK AGMS No. SR-138/D.03/2016 27 July 2016 AGMS
Corporate 15 April 2016 dated 27 July 2016 9 April 2020 and
Affairs AGMS
& Legal 3 April 2024
Director
4 Pandji P. Sharia OJK AGMS No. SR-27/PB.13/2016 28 September 2016 AGMS
Djajanegara Banking 15 April 2016 dated 4 October 2016 9 April 2020 and
Director AGMS
3 April 2024
5 Lee Kai Strategy, OJK EGMS No. SR-98/PB.12/2019 24 April 2019 AGMS
Kwong Finance 19 December 2018 dated 24 April 2019 8 April 2022
& SPAPM
Director
6 Tjioe Mei Operations & OJK AGMS No. SR-358/PB.12/2020 3 November 2020 AGMS
Tjuen Information 9 April 2020 dated 3 November 3 April 2024
Technology 2020
Director
7 Rusly Business OJK EGMS No. SR-75/PB.12/2022 22 April 2022 -
Johannes Banking 17 December 2021 dated 22 April 2022
Director
8 Joni Raini Human OJK EGMS No. SR-45/PB.12/2022 9 March 2022 -
Resources 17 December 2021 dated 9 March 2022
Director
9 Henky Risk OJK EGMS No. SR-45/PB.12/2022 9 March 2022 -
Sulistyo Management 17 December 2021 dated 9 March 2022
Director
10 Noviady Consumer OJK AGMS No. SR-179/PB.12/2022 16 August 2022 -
Wahyudi Banking 8 April 2022 dated 16 August 2022
Director
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DUTIES, RESPONSIBILITIES, AND c. Ensure that compliance functions are implemented
AUTHORITY OF THE BOARD OF DIRECTORS in all banking operations, as well as the Bank’s risk
The Board of Directors is required to implement GCG management policies, to ensure that the Bank
principles in every business activity of the Bank at all maintains high ethical standards and adheres to
levels or levels of the organization while still observing the the principles of good corporate governance and
Sharia Principles. The Board of Directors also has collegial prudent banking practices.
duties, responsibilities, and authority in managing and d. Providing strategic direction in the field of
administering the Bank in the interests of the Bank and human resource management and development
to achieve the Bank’s goals and objectives as stipulated to increase the productivity and quality of the
in the Articles of Association and applicable laws and Bank’s human resources in support of the Bank’s
regulations. The duties, responsibilities, and authority of work targets, while also ensuring and maintaining
the Board of Directors are detailed in the Bank’s Articles compliance with applicable labor regulations and
of Association and the Board of Directors Charter, which the Bank’s culture.
have been uploaded to the website of CIMB Niaga. e. Establish a business strategy and provide
strategic direction & guidance for the Emerging
The main duties of the Board of Directors include but Business Banking (EBB) segment.
are not limited to: (i) leading and managing the Bank in
accordance with the Bank’s objectives, including leading 2. LEE KAI KWONG – STRATEGY, FINANCE & SPAPM
the management team in the process of preparing DIRECTOR
and evaluating the Bank’s strategy at least annually, a. Provide strategic direction, guidance, and
(ii) controlling, maintaining, and managing the Bank’s strategies for the overall implementation of
assets for the Bank’s interests, (iii) creating the Bank’s financial activities, particularly in monitoring
internal control structure at every level of management and evaluating the performance of the Bank and
and following up on internal and external audits, as well its subsidiaries, such as budgets and financial
as recommendations of regulators in accordance with management, in accordance with the Bank’s vision
policies or directives of the Board of Commissioners. and mission.
The Board of Directors’ authority includes, among b. Manage the Bank’s financial performance, capital,
others, representing the Bank internally and externally, and strategic investments to maximize profitability,
binding the Bank with other parties, and carrying out all productivity, and Total Shareholders’ return.
management and ownership actions subject to certain c. Develop and handle management and accounting
limitations outlined in the Bank’s Articles of Association. information systems, as well as the Bank’s
performance, which will be reported to regulators
THE SCOPE OF WORK AND and shared with stakeholders.
RESPONSIBILITIES OF EACH MEMBER OF d. Oversee and plan effective financial management
THE BOARD OF DIRECTORS and ensure that accounting practices comply with
The division of duties and authority of the Board of Directors applicable regulations and standards.
is determined through the Bank’s Board of Directors’ Decision. e. Ensure that Strategic Procurement & Admin
Referring to the Circular Resolution of the Board of Directors Property Management (SPAPM) activities run
of the Bank on the Duties and Auhtorities Segretation of smoothly, supporting Bank operations efficiently
the Members of the Board of Directors, all members of the and effectively.
Board of Directors unanimously decided on the division of the
main duties and authority of each member of the Board of 3. JOHN SIMON – TREASURY & CAPITAL MARKETS
Directors as follows: DIRECTOR
a. Provide direction, guidance, and strategies in
1. LANI DARMAWAN – PRESIDENT DIRECTOR implementing all Treasury and Capital Market
a. Responsible for the overall direction, strategy and activities, such as trading, market making, and
management of the Bank’s organization; ensuring short-term liquidity management, in order to meet
that all strategies, activities, programs, services growth targets, achieve profitability, and maintain
and governance are implemented in the interest a competitive market position.
of the shareholders, customers, employees, and b. Provide direction, guidance, and strategies for
communities. implementing ALCO functions with other ALCO
b. Provide guidance and direction in relation to members, such as managing liquidity, funding,
the policies of operational support and banking FTP, Bank assets and liabilities, in order to meet
services, information technology, systems and the Bank’s growth and profitability targets.
procedures, legal aspects, financial, and human
resources.
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c. Maintain positive relationships with financial c. Ensuring smooth communication from the users
institutions, customers, the community, and on the operational and information technology
the government to ensure the Bank’s image, processes as required.
anticipatory identification, and timely response to d. Ensure implementation of strategy and
maximize market opportunities. infrastructure related to information technology
and security systems in operations, transactions,
4. FRANSISKA OEI – COMPLIANCE, CORPORATE data information, and digital channel activities
AFFAIRS & LEGAL DIRECTOR throughout all business units are properly
a. Develop a compliance strategy that addresses implemented in order to minimize the Bank’s risk.
issues related to compliance policies and
principles. 7. HENKY SULISTYO – RISK MANAGEMENT
b. Ensure that all internal regulations of the Bank DIRECTOR
(policies, systems, and procedures) are consistent a. Provide strategic direction, guidelines, and policies
with relevant external rules and regulations (Bank in relation to risk management in accordance
Indonesia, OJK, and other institutions authorities), with current business developments, prudential
including Capital Market regulations. principles, and the Bank’s risk characteristics in
c. Responsible for managing the Bank’s legal risks. order to identify, monitor, control, and mitigate
d. Providing the public with any information they risks in an accurate, effective, and comprehensive
require, particularly regarding the Bank’s status manner.
as a public company, including maintaining its b. Monitor all aspects of the Bank’s second line of
reputation and acting as a liaison or contact defense in credit risk management and ensure
person between the Bank, regulators, and the the effective implementation of the Bank’s overall
general public. framework for the management of credit risk.
e. Responsible for the Bank’s Corporate Social c. Plan, develop, manage, and direct the execution of
Responsibility activities as well as the process and strategy, policy, credit administration,
implementation of sustainability and sustainable framework, and methodology related to credit
finance. management in a comprehensive manner to
f. Overseeing the overall Whistleblowing report ensure that the Bank’s exposure to credit risk
handling process to ensure compliance with remains within the Bank’s Risk Appetite.
procedures and regulations. d. Review loan proposals and maintain the quality of
the loan portfolio as a member of the committees
5. PANDJI P. DJAJANEGARA – SHARIA BANKING related to credit, and ensure that all business
DIRECTOR activities comply with the prevailing regulations,
a. Provide innovative strategic direction in relation to policies, and procedures.
implementing the operations of Sharia Banking. e. Encourage the Bank’s risk management strategy
b. Ensure the availability of policies and procedures in relation to climate change, ensure strong
on work, product development, marketing, and oversight from the Board of Directors, foster an
sales, as well as manage the Sharia Banking understanding of existing risks, and effectively
functions, including daily operations, business integrate them into internal controls to maintain
development, customer relations, and working the Bank’s resilience to the impacts of climate
systems and processes. change in accordance with applicable laws and
c. Ensure the achievement of profit and business regulations, internal or Group provisions in relation
growth are in line with the Bank’s objective and to climate risk.
the Sharia Banking principles. f. Carrying out the supervisory functions on
financial services institutions that are members
6. TJIOE MEI TJUEN – OPERATIONS & of the CIMB Indonesia Financial Conglomerate. (In
INFORMATION TECHNOLOGY DIRECTOR the case of the Bank as the Main Entity of CIMB
a. Establish the Bank’s long-term strategy in relation Indonesia Financial Conglomerate).
to Operations and Information Technology. g. Ensure the implementation of a comprehensive
b. Direct the Operations & Information Technology anti-fraud management framework in the Bank in
Directorate to create effectiveness and efficiency accordance with the governance required by the
in the management of banking transaction regulator.
operations with high standards in order to achieve
reliability.
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8. JONI RAINI – HUMAN RESOURCES DIRECTOR b. Responsible for achieving the funding and lending
a. Provide strategic direction in terms of management targets of the Bank and increasing cross-selling
as well as development of human resources between those segments and branch offices.
appropriately and optimally in line with the Bank’s c. Determine the direction of competitive products,
vision, mission, and strategy, as well as ensuring as well as the development of services with
compliance with applicable labor regulations. operational support that can accommodate the
b. Carry out manpower planning and organizational demands of the banking industry and advances in
management as well as controlling HR expenditure technology.
of each directorate in line with the approved
budget, to achieve optimal HR productivity. 10. NOVIADY WAHYUDI – CONSUMER BANKING
c. Plan, develop and implement policies and DIRECTOR
strategies for managing and developing human a. Develop strategy and provide direction for the
resources, which include activities in recruitment, sales and services of Consumer Banking products
performance management, organizational at all branch offices of the Bank throughout
development, training and development, Indonesia.
organizational culture, talent management and b. Optimize market potential through the
succession planning, remuneration systems, HR development of competitive and innovative
information and reporting systems, operational risk Consumer Banking to achieve the Bank’s profit
management, policies and procedures on human targets, while ensuring prudence, the overall
resources, as well as other personnel services. implementation of all aspects of the Bank’s risk
management policy, as well as efficient and
9. RUSLY JOHANNES – BUSINESS BANKING effective banking processes.
DIRECTOR c. Ensure the implementation and execution of
a. Establish business strategy and provide strategic the Bank’s network expansion strategy and
direction and guidelines to all segments, products, innovations in the development of digital
and services of Business Banking, comprising channels and branches to keep pace with market
of Financial Institution/Non-Bank Financial developments, technological demands, customer
Institutions, Corporate Banking, Commercial needs, and the achievement of a good market
Banking, and Transaction Banking. share with a competitive market.
ALTERNATE OF THE BOARD OF DIRECTORS
As a form of implementing the ongoing duties and authority of the Bank’s Board of Directors in the event that the relevant
Director is absent, the Bank has determined Alternate Director for each member of the Board of Directors as follows:
No. Name Position Alternate Director 1 Alternate Director 2 Alternate Director 3
1 Lani Darmawan President Director Lee Kai Kwong Rusly Johannes Tjioe Mei Tjuen
2 John Simon Treasury & Capital Market Rusly Johannes Noviady Wahyudi Pandji P. Djajanegara
Director
3 Fransiska Oei Compliance, Corporate Affairs & Henky Sulistyo Joni Raini Tjioe Mei Tjuen
Legal Director
4 Pandji P. Djajanegara Sharia Banking Director Noviady Wahyudi Lee Kai Kwong John Simon
5 Lee Kai Kwong Strategy, Finance & SPAPM Henky Sulistyo Tjioe Mei Tjuen Joni Raini
Director
6 Tjioe Mei Tjuen Operations & Information Joni Raini Henky Sulistyo Fransiska Oei
Technology Director
7 Rusly Johannes Business Banking Director John Simon Pandji P. Djajanegara Noviady Wahyudi
8 Joni Raini Human Resources Director Tjioe Mei Tjuen Fransiska Oei Henky Sulistyo
9 Henky Sulistyo Risk Management Director Fransiska Oei Lee Kai Kwong Rusly Johannes
10 Noviady Wahyudi Consumer Banking Director Pandji P. Djajanegara John Simon Lee Kai Kwong
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INDEPENDENCE OF Detailed information on concurrent positions of each
THE BOARD OF DIRECTORS member of the Board of Directors at the subsidiaries in
The Board of Directors of CIMB Niaga has a high 2024 can be viewed in the Company Profile section of this
commitment to implementing the principle of Annual Report.
independence in carrying out its duties and responsibilities
and prioritizing the interests of the Bank above its own CONFLICT OF INTEREST OF
interests. The Board of Directors of the Bank also always THE BOARD OF DIRECTORS
works and behaves with high integrity as stipulated in the During 2024, all members of the Board of Directors had no
Board of Directors’ Charter as follows: conflicts of interest or potential conflicts of interest with the
1. Members of the Board of Directors are prohibited Bank. CIMB Niaga’s Board of Directors has a commitment
from taking advantage of the Bank and/or information to avoid potential conflicts of interest or always position
obtained from the Bank for personal, family, and/ themselves not to be in a potential conflict of interest in
or other parties’ gain that can be detrimental and/or any situation, as stated in the Board of Directors Charter.
reduce the profits and reputation of the Bank and its Should any conflict of interest, the Board of Directors’ is
subsidiaries. prohibited from taking actions that may harm or reduce
2. Members of the Board of Directors are prohibited the Bank’s profits and must disclose the potential conflict
from taking and/or receiving personal benefits from of interest referred to in every decision.
the Bank other than remuneration and other facilities
determined by the GMS and/or internal policies. Members of the Board of Directors are not authorized to
3. Members of the Board of Directors are prohibited from represent the Bank if:
using individual advisors and/or professional services 1. There is a Court proceeding between the Bank and
as consultants unless the following requirements are the concerned member(s) of the Board of Directors;
met: and/or
a. The project is specific; 2. The concerned member(s) of the Board of Directors
b. The project is based on a clear contract, which at have a conflict of interest with the interest of the
least covers the scope of work, responsibilities, Bank.
duration of work, and fees;
c. The consultant is an Independent Party and has The procedures that must be followed by members of the
the qualifications to work on the specific project. Board of Directors in the event of any conflict of interest,
namely each member of the Board of Directors who
personally in any way either directly or indirectly has an
CONCURRENT POSITION OF interest in a transaction, contract or proposed contract, in
THE BOARD OF DIRECTORS which the Bank is one of the parties, must state the nature
All members of the Board of Directors of CIMB Niaga of the interest in the Board of Directors meeting and are
have no concurrent positions outside those permitted by not entitled to take part in the voting on matters relating
applicable regulations. Members of the Board of Directors to the proposed transaction or contract, unless the Board
are prohibited from serving concurrently as members of Directors determines otherwise.
of the Board of Commissioners, Board of Directors, or
Executive Officers in other banks, institutions, and/or PARTICIPATION OF MEMBERS OF THE
listed companies, except as permitted by the regulation BOARD OF DIRECTORS IN ASSOCIATIONS/
pursuant to the provisions of OJK Regulation No. 17 of ORGANIZATIONS
2023 on Implementation of Corporate Governance for Several members of the Board of Directors of CIMB
Commercial Banks. Niaga participate in various associations or organizations.
However, such participation does not cause them to
Members of the Board of Directors who are responsible ignore their duties and responsibilities as members
for the supervision of the Bank’s subsidiaries may of the Board of Directors, and thus, not included in the
perform functional duties as members of the Board of concurrent position section.
Commissioners of non-bank subsidiaries controlled by
the Bank, provided that such concurrent positions do not
result in the neglect of the execution of their duties and
responsibilities as members of the Board of Directors,
and as such are not categorized as concurrent positions.
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No. Name Position Position in Association/Organization
1 Lani Darmawan Presiden Director • Deputy Chairman of the Banking Standing Committee- Banking,
Financing, Insurance and Capital Markets of the Indonesian Chamber
of Commerce and Industry (KADIN Indonesia) (2024-2029)
• Deputy Chairman of Institutional Relations at PERBANAS - (2021 – 2024)
• Chairman of the Banking Committee - Banking and Financial Services
of the Indonesian Employers Association (APINDO) (2023-2028)
2 John Simon Treasury & Capital Market • Member of Association Cambiste Internationale the Financial Markets
Director Association of Indonesia (ACI FMA Indonesia) - (2020 - present)
• Member and Board of Indonesia Foreign Exchange Market Committee
(IFEMC) - (2023-2027)
3 Pandji P. Djajanegara Sharia Banking Director • Deputy Secretary General II – IBI (2023-2027)
• Head of ASBISINDO Regulatory Division (2021-2024)
4 Fransiska Oei Compliance, Corporate Affair & • Chairwoman of the Banking Compliance Director Communication
Legal Director Forum (FKDKP) - (2022-2025)
• Head of Legal Studies & ESG Development Division, PERBANAS
(2020-2024)
• Supervisor of Alternative Financial Services Sector Dispute Resolution
Institutions (LAPS SJK) - (2020-2023). In 2023, it has been extended
to March 2024 and the results of the OJK Fit and Proper Test for the
2024-2027 Supervisory period, appointments will be made at the
General Meeting of Members in March 2024
• Member of the Management Board of the National Governance Policy
Committee (KNKG) - (2021-2024)
5 Tjioe Mei Tjuen Operations & Information • General Treasurer of the Banking Operations Director Communication
Technology Director Forum (FKDOP) - (2021-present)
• Member of iCIO-Indonesia CIO (2016-present)
6 Henky Sulistyo Risk Mangement Director • Vice Chairman 1 of Bankers Association for Risk Management (BARA) –
(2024-2027)
• Member of Research, Studies, Publications of the Indonesian Bankers
Association (IBI) – (2023 – 2027)
7 Noviady Wahyudi Consumer Banking Director • Member of Indonesian Payment System Association (ASPI)(2022-present)
POLICY ON THE PROVISION OF cost funds, (iii) increasing cost management efficiency
LOAN TO THE BOARD OF DIRECTORS and discipline, (iv) balancing risk, compliance culture,
CIMB Niaga has and implements a policy of providing and capital adequacy, and (v) strengthening the use of
loans to the Board of Directors under normal price technology and information.
policies and conditions, as it does with parties who are not 3. Executed syndicated loan by effectively managing
related to the bank. This policy is outlined in the Board of loan risk and improving infrastructure to foster the
Directors’ Charter. Loans made by the Board of Directors growth of business banking customers.
will be calculated using CIMB Niaga’s Legal Lending 4. Improved each customer’s experience, in line with
Limit in accordance with Bank Indonesia Regulation the Bank’s goal of remaining at the forefront of
No. 8/13/PBI/2006 and OJK Regulation No. 32/POJK.03/2018. innovation and digital banking services that offers a
comprehensive array of products, financial services,
IMPLEMENTATION OF DUTIES AND and cross-selling so customers no longer need
RESPONSIBILITIES OF THE BOARD OF to transact at physical branches as they could do
DIRECTORS IN 2024 it conveniently at Branchless Banking facilities
In addition to implement the GMS resolutions made (Digital Lounge, ATM, Electronic Data Capture (EDC),
during the financial year, the Board of Directors fulfilled Octo Clicks, Octo Mobile, BizChannel and Bizlite)
the following duties and responsibilities in 2024: designated especially for the Bank’s customers.
1. Led the management team in the preparation and 5. Through the IT Steering Committee (ITSC), established
evaluation of the Bank’s strategy during the Board of and evaluated the Information Technology (IT)
Directors’ Meeting on the Bank Business Plan (RBB) strategic plan, monitored and ensured policies and
on 25 October 2022, and the revision of the 2023 RBB standard procedures, including socialization related
on 16 May 2023. to the use of IT were adequate for the Bank, monitored
2. Determined strategic steps to achieve the Bank’s and ensured all IT implementation activities complied
mission of providing universal banking services in with OJK Regulation No. 11 of 2022 concerning
Indonesia in an integrated manner, such as (i) focusing the Implementation of Information Technology by
on key expertise, (ii) focusing on the growth of low- Commercial Banks.
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6. Strengthened IT Security capabilities in securing the 7. For a permanent meeting agenda, invitations and
Bank’s confidential data and improved the capability meeting materials must be delivered to participants
of the Security Operations Center work unit in at least 5 (five) working days prior to the holding of
monitoring and countering cyber crime attacks. the meeting.
7. Ensured that Business Continuity Management and 8. In the event that a meeting is held outside of the
Business Continuity Plan had been prepared and above-mentioned schedule, the meeting materials
practiced in all lines of CIMB Niaga to ensure that must be delivered to the meeting participants no later
the organization could continue to operate in crisis than prior to the commencement of the meeting.
situations at an acceptable level and deliver financial 9. The President Director chairs all Board of Directors
services. meetings. In the event that the President Director is
8. Continued the Transformation program initiated last absent, unable to attend, or unavailable, which does not
year with a focus on customer journey, digitalization need to be proven to a third party, the Board of Directors
and productivity improvement. The implementation of meeting will be chaired by the Vice President Director or
the Transformation program is expected to take the a member of the Board of Directors who is present and
Bank to the next level. chosen by the Board of Directors present at the meeting.
10. Board of Directors meetings are valid and have the
POLICY AND FREQUENCY OF MEETING authority to make legal and binding decisions if
attended/represented by at least 2/3 (two-thirds) of
PROVISIONS FOR BOARD OF DIRECTORS the total members of the Board’ of Directors.
MEETING, JOINT MEETING OF THE BOARD 11. Decisions at Board of Directors’ Meetings are taken
OF DIRECTORS WITH THE BOARD OF based on deliberation to reach consensus. In the
COMMISSIONERS AND/OR SHARIA SUPERVISORY event that a decision based on deliberation to reach
BOARD consensus is not reached, then the decision is taken
1. Before the end of the financial year, the Board of by voting based on the “agree” votes of at least 2/3
Directors must prepare and upload a schedule for (two thirds) of the number of members of the Board of
the Board of Directors’ meetings as well as the joint Directors present at the meeting.
meetings of the Board of Director with the Board of 12. Each member of the Board of Directors present has
Commissioners and/or Sharia Supervisory Board for the right to cast 1 (one) vote, and an additional 1 (one)
the following financial year to the Bank’s website. vote for each other member of the Board of Directors
2. Board of Directors’ meetings must be held periodically he/she represents.
at least once a month, or at any time if deemed 13. A member of the Board of Directors may only be
necessary, for a total of at least 12 (twelve) times a represented by another member based on a special
year. A proposal to hold a Board of Directors meeting Power of Attorney made for the purposes of the
may come from one or more members of the Board meeting, provided that the physical absence:
of Directors, upon written request from the Board of a. can be calculated in the frequency of physical
Commissioners, or upon written request from 1 (one) presence at the meeting of the Board of Directors
or more shareholders who together represent 1/10 of the Bank;
(one tenth) or more of the total number of shares with b. does not eliminate the right to vote in
valid voting rights issued by the Bank. decisionmaking in accordance with the power
3. The Board of Directors is required to hold joint granted, so that voting rights are considered in the
meeting of the Board of Directors with the Board of meeting forum.
Commissioners and/or Sharia Supervisory Board 14. Members of the Board of Directors who are unable
(either together or separately) periodically at least to attend a Board of Director’s meeting must
1 (one) time in 4 (four) months and attended by the communicate their absence to the President Director
majority of members of the Board of Directors, Board via the Corporate Secretary.
of Commissioners, and Sharia Supervisory Board. 15. Decisions can be made at meetings or outside of
4. Board of Directors’ meetings can be held in person, meetings, specifically through Circular Resolution of
via teleconference technology, telepresence, or other the Board of Directors or other recognized media, as
electronic media. long as all members of the Board of Directors sign the
5. All members of the Board of Directors must attend Circular Resolutions or media in question.
at least 75% (seventy-five percent) of meetings each 16. The Corporate Secretary attends Board of Directors’
year. meetings, as well as any other parties deemed necessary
6. Every policy and strategic decision must be made at a by the Board of Directors and relevant to the meeting
Board of Directors meeting, considering the Articles agenda, both internal and external to the Bank.
of Asscociation provisions as well as applicable laws 17. The Corporate Secretary prepares and administers
and regulations. the minutes of the meeting, and if one of the Directors
serves as the Corporate Secretary, the minutes can be
prepared by the Corporate Affairs work unit.
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18. Board of Directors’ meeting minutes must be signed by 24. In the event that there are members of the Board of
all members present and distributed to all members. Directors, Board of Commissioners and/or Sharia
19. The minutes of the Board of Directors meeting state Supervisory Board who do not sign the minutes of the
the presence of each member of the Board of Directors above-mentioned meeting, the person in question is
either in person, via teleconference or telepresence. obliged to state the reason in writing in a separate
20. In the event that a Board of Directors’ meeting is letter attached to the minutes.
held via teleconference technology, telepresence, or 25. The Board of Directors can also make legal and
other electronic media, the meeting minutes must be binding decisions without holding a Board of Directors
prepared and signed by all members of the Board of meeting, provided that all members of the Board of
Directors who were present. Directors give their approval by signing a decision
21. Minutes of Board of Directors meetings are admissible letter containing the proposal (Circular Resolution).
evidence for members of the Board of Directors 26. Circular Resolution have the same power as decisions
and third parties regarding decisions made at such legally made at a Board of Directors meeting.
meetings.
22. In the event of a dissenting opinion arises at a Board of In line with the new HyWork way of working (Hybrid
Directors’ meeting, it must be clearly stated in the minutes Working, Happy Working), which has been implemented
of the meeting, along with the reasons for the dissent. since 2021 at the Bank, in 2024, Board of Directors meetings
23. Decisions made at Board of Directors’ meeting with the and joint meetings of the Board of Directors with the Board
Board of Commissioners and/or Sharia Supervisory of Commissioners and/or Sharia Supervisory Board were
Board must be documented in meeting minutes, held physically, virtually, or hybrid (physically and virtually).
signed by all members of the Board of Directors,
Board of Commissioners and Sharia Supervisory The schedule for meetings of the Board of Directors and
Board present, and communicated to all members of joint meetings of the Board of Directors with the Board
the Board of Directors, Board of Commissioners and of Commissioners and/or Sharia Supervisory Board
Sharia Supervisory Board, as well as the Corporate throughout 2024 has been prepared and uploaded to the
Secretary. Bank’s website at the end of 2023.
BOARD OF DIRECTORS MEETING AGENDA IN 2024
Throughout 2024, the Board of Directors’ Meeting discussed agendas, among others, as shown below.
No Date Agenda Participant
1 9 January 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. December 2023 Financial Performance 3. John Simon
3. Others 4. Fransiska Oei
5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
2 16 January 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. a. Corporate Assurance summary as of December 2024 3. John Simon
b. Initial plans for 2024 audit 4. Fransiska Oei
3. Risk Profile for 4Q 2024, Integrated Risk Profile and RBBR for 2H 2023 5. Pandji P. Djajanegara
4. Update of Government Regulation No. 58 of 2023 – PPh 21 withholding rate 6. Tjioe Mei Tjuen
(TER) 7. Henky Sulistyo
5. 2024 BMC Scorecard Framework 8. Joni Raini
6. Others 9. Rusly Johannes
10. Noviady Wahyudi
3 23 January 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Allocation and pricing of shares without pre-emptive rights (NPR) 3. John Simon
3. Others 4. Pandji P. Djajanegara
5. Tjioe Mei Tjuen
6. Joni Raini
7. Rusly Johannes
8. Noviady Wahyudi
4 31 January 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Financial year ending 31 December 2023 3. John Simon
3. Treasury Surveillance 4. Fransiska Oei
4. Sharia Banking Update 5. Pandji P. Djajanegara
5. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
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No Date Agenda Participant
5 6 February 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. CIMB Indonesia: 2023 OHI (Organization Health Index) results 3. John Simon
3. 2024 Culture, Diversity and Inclusion (CDI) Program 4. Fransiska Oei
4. 2024 Annual General Meeting of Shareholders (AGMS) 5. Pandji P. Djajanegara
5. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
6 13 February 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. John Simon
2. Financial Performance in January 2024 3. Fransiska Oei
3. Response to matters that have received attention from OJK Supervision 4. Pandji P. Djajanegara
4. External Auditor for the 2024 financial year 5. Tjioe Mei Tjuen
5. Others 6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
7 20 February 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. 2024 Dividend Payment 3. John Simon
3. EPICC Customer Centricity 2024 initiatives Update 4. Fransiska Oei
4. Hylearn Update on Arjuna 5. Pandji P. Djajanegara
5. Report of the Compliance Director for 4Q 2023 6. Tjioe Mei Tjuen
6. Others 7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
8 27 February 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. OCTO Mobile Benchmark Analysis 3. John Simon
3. Others 4. Fransiska Oei
5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
9 5 March 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Others 3. John Simon
4. Fransiska Oei
5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Rusly Johannes
9. Noviady Wahyudi
10 13 March 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. February 2024 Financial Performance 3. Pandji P. Djajanegara
3. OCTO Mobile Monitoring Tool application 4. Tjioe Mei Tjuen
4. Others 5. Henky Sulistyo
6. Joni Raini
7. Rusly Johannes
8. Noviady Wahyudi
11 19 March 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Corporate Assurance summary as of February 2024 3. John Simon
3. 2024 Risk Appetite proposal 4. Fransiska Oei
4. Missing PC/Laptop Update 5. Pandji P. Djajanegara
5. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
12 26 March 2023 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. John Simon
2. Inactive Asset Transfer Update 3. Fransiska Oei
3. LTP (Long Term Incentive Program) Update 4. Pandji P. Djajanegara
4. Others 5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
462 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
No Date Agenda Participant
13 2 April 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. John Simon
2. Estate Planning 3. Fransiska Oei
3. Group Wide Stress Test (GWST) results as of December 2023 4. Pandji P. Djajanegara
4. Third Party Framework (TPRM) Risk Management 5. Tjioe Mei Tjuen
5. Sharia Banking Update 6. Henky Sulistyo
a. Proposed Organizational Structure of Spin Off Project 7. Joni Raini
b. OJK Regulation No. 2 on 2024 (Implementation of Sharia Governance for Sharia 8. Rusly Johannes
Commercial Banking and Sharia Business Units) and OJK Circular Letter No. 25 9. Noviady Wahyudi
on 2023 (Implementation of Risk Management for Sharia Commercial Banking
and Sharia Business Units)
c. Hajj Financing Partners – Simplifying the Process
6. New Framework of Transformation Performance Management
7. Thematic Review of the 2022 Audited Financial Reports
8. Others
14 16 April 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lee Kai Kwong
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. John Simon
2. Corporate Assurance summary for 1Q 2024 3. Fransiska Oei
3. Others 4. Pandji P. Djajanegara
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
15 23 April 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lee Kai Kwong
b. Follow-up to the previous Board of Directors’ Meeting. 2. John Simon
2. RBB (Bank Business Plan) Realization Report for Q1 2024 3. Fransiska Oei
3. Risk Profile for Q1 2024 4. Pandji P. Djajanegara
4. Others 5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
16 30 April 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Opening of Business Relations with Prospective Russian and Ukrainian 3. John Simon
Customers 4. Fransiska Oei
3. Others 5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
17 6 May 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Reverse Stress Test results for the Group’s Recovery Plan as of December 2023 3. John Simon
3. GWM Insentives & Disinsentives 4. Ibu Fransiska Oei
4. Employee Club (SHINE) Update & CIMB Niaga’s 2024 Gelora Initiative 5. Pandji P. Djajanegara
5. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
18 14 May 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. April 2024 Financial Performance 3. John Simon
3. Others 4. Fransiska Oei
5. Pandji P. Djajanegara
6. Henky Sulistyo
7. Noviady Wahyud
19 22 May 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Corporate Assurance summary as of April 2024 3. John Simon
3. Revised RBB (Bank Business Plan) for Q1 2024 – Bank only 4. Fransiska Oei
4. Report of the Compliance Director for Q1 2024 5. Pandji P. Djajanegara
5. Data Privacy Program 6. Henky Sulistyo
6. Others 7. Rusly Johannes
8. Noviady Wahyudi
20 28 May 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. OPeRA 2023 3. John Simon
3. BMC Off-site 4. Fransiska Oei
4. Others 5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
2024 Annual Report | PT Bank CIMB Niaga Tbk 463
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
No Date Agenda Participant
21 11 June 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. May 2024 Financial Performance 3. John Simon
3. Others 4. Pandji P. Djajanegara
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
22 19 June 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Corporate Assurance summary as of May 2024 3. John Simon
3. Microsoft 365 & Intune (Mobile Device Management) 4. Fransiska Oei
4. MADAM (Master Data Management) and Data Quality Task Force Project 5. Pandji P. Djajanegara
Updates 6. Tjioe Mei Tjuen
5. Others 7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
23 2 July 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. RCU Framework Refreshment & New Policy Procedure Creation System (Forte 3. John Simon
Compass Module) 4. Fransiska Oei
3. RIM Reserve 5. Pandji P. Djajanegara
4. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
24 9 July 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. June 2024 Financial Performance 3. John Simon
3. 1st Cut F30 Projection 4. Fransiska Oei
4. Others 5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
25 16 July 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Update of the Sharia Spin-off Project 3. John Simon
3. Corporate Assurance summary for Q2 2024 and Mid-Year Audit Plan 4. Fransiska Oei
4. Risk Profile for Q2 2024 and Integrated Risk Profile & RBBR for 1H 2024 5. Pandji P. Djajanegara
5. Consumer Savings Strategy for 2H 2024 (including SA Analysis by Region and 6. Tjioe Mei Tjuen
Initiatives & Plans) 7. Henky Sulistyo
6. OCTO HackFest 2024 – Top 3 8. Joni Raini
7. Kejar Mimpi – Surakarta 9. Rusly Johannes
8. Others 10. Noviady Wahyudi
26 30 July 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. 2025 Risk Posture 3. John Simon
3. People and Organization Risk Dashboard 4. Fransiska Oei
4. Others 5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
27 6 August 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. 1st Cut 2025 Budget 3. John Simon
3. CAR Initiative 4. Fransiska Oei
4. Others 5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
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No Date Agenda Participant
28 13 August 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. July 2024 Financial Peformance 3. John Simon
3. Others 4. Fransiska Oei
5. Pandji P. Djajanegara
6. Ibu Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
29 20 August 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Audit Plan for the year ending 31 December 2024 3. John Simon
3. Corporate Assurance summary as of July 2024 4. Fransiska Oei
4. Report of the Compliance Director for Q2 2024 5. Pandji P. Djajanegara
5. OJK Audt highlights 6. Tjioe Mei Tjuen
6. Presentation to BNM (Kick-Off Meeting) 7. Henky Sulistyo
7. Others 8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
30 27 August 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Others 3. John Simon
4. Fransiska Oei
5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
31 3 September 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Others 3. John Simon
4. Fransiska Oei
5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
32 10 September 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lee Kai Kwong
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. John Simon
2. August 2024 Financial Performance 3. Fransiska Oei
3. Others 4. Pandji P. Djajanegara
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
33 17 September 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lee Kai Kwong
b. Follow-up to the previous Board of Directors’ Meeting 2. John Simon)
2. Corporate Assurance summary as of August 2024 3. Fransiska Oei
3. Others 4. Pandji P. Djajanegara
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
34 24 September 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Default Fund Contribution (DFC) Placement at KPEI CCP 3. John Simon
3. Others 4. Fransiska Oei
5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
35 1 October 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Group Wide Stress Test (GWST) results as of June 2024 3. John Simon
3. 2024 Asset Recording 4. Fransiska Oei
4. RPIM & RIM updates 5. Pandji P. Djajanegara
5. Collection Management System (CMS) Enhancement Project (Change System) 6. Tjioe Mei Tjuen
6. Spin-off Project update 7. Henky Sulistyo
7. Others 8. Rusly Johannes
9. Noviady Wahyudi
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Page 464
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
No Date Agenda Participant
36 8 October 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. September 2025 Financial Performance 3. John Simon
3. Launch of Arjuna 4.0 phase 1 4. Fransiska Oei
4. Others 5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
37 15 October 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Corporate Assurance summary for Q3 2024 3. Fransiska Oei
3. Risk Profile for Q3 2024 4. Pandji P. Djajanegara
4. Implementation of Audited Financial Report (EBB) Compliance 5. Tjioe Mei Tjuen
5. Advanced Parameters related to Late Submission of Audited Financial Reports 6. Henky Sulistyo
(COMBA). 7. Joni Raini
6. Spin - off project 8. Rusly Johannes
7. Special Asset Update 9. Noviady Wahyudi
8. Chinese Desk strategy
9. CSR Initiatives Towards Sustainability
38 22 October 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Sustainable Finance Action Plan (SFAP) 3. John Simon
3. Others 4. Fransiska Oei
5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
39 29 October 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. F30 CoC Gap Analysis 3. John Simon
3. Bank Business Plan Realization Report for Q3 2024 and Bank Business Plan for 4. Fransiska Oei
2025 5. Pandji P. Djajanegara
4. Preferred Dispute Forum Regarding Post-Spin-Off Facility Agreement 6. Tjioe Mei Tjuen
5. Health Insurance Offer Results in 2024 7. Henky Sulistyo
6. Others 8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
40 6 November 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. John Simon
2. Update on AML-related CX Improvement Initiatives 3. Fransiska Oei
3. October 2024 First Cut and FY 2024 Forecast 4. Pandji P. Djajanegara
4. Others 5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Noviady Wahyudi
41 12 November 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. John Simon
2. Others 3. Fransiska Oei
4. Pandji P. Djajanegara
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
42 19 November 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Corporate Assurance summary as of October 2024 3. John Simon
3. Report of the Compliance Director for Q3 2024 4. Fransiska Oei
4. Digital Platform Spin-off (Payment System) update 5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
43 3 December 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. 2025 Internal Capital Threshold 3. John Simon
3. 2024 End of Year Gathering (SAT) 4. Pandji P. Djajanegara
4. Others 5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
466 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Report Governance Responsibilities Corporate Data Statement
No Date Agenda Participant
44 10 December 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. BNM 2024 Audit Highlights 3. Fransiska Oei
3. 2024 Anti Bribery and Corruption Report 4. Pandji P. Djajanegara
4. Audit Update for the Financial Year Ended 31 December 2024 5. Tjioe Mei Tjuen
5. November 2024 Financial Performance 6. Henky Sulistyo
6. Corporate Assurance summary as of November 2024 7. Joni Raini
7. Others 8. Rusly Johannes
9. Noviady Wahyudi
45 17 December 2024 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
b. Follow-up to the previous Board of Directors’ Meeting 2. Lee Kai Kwong
2. Tax Update – PMK-74/2024 3. Fransiska Oei
3. Implementation Update - OJK Regulation No. 15 on 2024 4. Pandji P. Djajanegara
4. Climate Risk Update 5. Tjioe Mei Tjuen
5. 2025 BMC Scorecard 6. Henky Sulistyo
6. Others 7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
AGENDA OF JOINT MEETINGS OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS IN 2024
No. Date Directors in Attendance Commissioners in Attendance Agenda
1 24 January 2024 1. Lani Darmawan 1. Didi Syafruddin Yahya December 2023 Consolidated Financial
2. Lee Kai Kwong 2. Glenn M.S. Yusuf Performance
3. John Simon 3. Jeffrey Kairupan
4. Pandji P. 4. Sri Widowati
Djajanegara 5. Dato’ Abdul Rahman Ahmad*
5. Fransiska Oei 6. Vera Handajani
6. Tjioe Mei Tjuen 7. Farina J. Situmorang
7. Rusly Johannes
8. Joni Raini
9. Noviady Wahyudi
2 26 April 2024 1. Lee Kai Kwong 1. Didi Syafruddin Yahya Cyber Security and IT Update (Treat Prevention
2. John Simon 2. Glenn M.S. Yusuf an Recovery)
3. Pandji P. 3. Jeffrey Kairupan
Djajanegara 4. Sri Widowati
4. Fransiska Oei 5. Dato’ Abdul Rahman Ahmad*
5. Tjioe Mei Tjuen 6. Vera Handajani
6. Rusly Johannes 7. Farina J. Situmorang
7. Henky Sulistyo 8. Dody Budi Waluyo**
8. Joni Raini
9. Noviady Wahyudi
3 29 July 2024 1. Lani Darmawan 1. Didi Syafruddin Yahya Financial Performance as of June 2024
2. Lee Kai Kwong 2. Glenn M.S. Yusuf
3. John Simon 3. Sri Widowati
4. Pandji P. 4. Vera Handajani
Djajanegara 5. Farina J. Situmorang
5. Fransiska Oei 6. Dody Budi Waluyo**
6. Tjioe Mei Tjuen
7. Rusly Johannes
8. Henky Sulistyo
9. Joni Raini
10. Noviady Wahyudi
4 25 October 2024 1. Lani Darmawan 1. Didi Syafruddin Yahya Financial Performance as of September 2024
2. Lee Kai Kwong 2. Glenn M.S. Yusuf
3. John Simon 3. Sri Widowati
4. Pandji P. 4. Vera Handajani
Djajanegara 5. Farina J. Situmorang
5. Fransiska Oei 6. Dody Budi Waluyo**
6. Tjioe Mei Tjuen
7. Rusly Johannes
8. Henky Sulistyo
9. Joni Raini
10. Noviady Wahyudi
*
Resign as Commissioner effective as of 30 June 2024. His resignation was accepted at the EGMS on 25 October 2024.
**
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024. Attendance at meetings held prior to 21 August 2024 is an invitation to the meeting and is
not counted as meeting attendance
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
AGENDA OF JOINT MEETINGS OF THE SHARIA SUPERVISORY BOARD AND BOARD OF DIRECTORS IN 2024
No. Date SSB in Attendance Directors in Attendance Agenda
1 26 April 2024 1. M. Quraish Shihab 1. Lee Kai Kwong Financial Performance Update as of March 2024
2. Fathurrahman Djamil 2. John Simon
3. Yulizar D. Sanrego 3. Fransiska Oei
4. Pandji P. Djajanegara
5. Tjioe Mei Tjuen
6. Rusly Johannes
7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
2 29 July 2024 1. M. Quraish Shihab 1. Lani Darmawan 1. Confirmation of the Minutes of SSB Meeting
2. Fathurrahman Djamil 2. Lee Kai Kwong with BOC and BOD on 26 April 2024
3. Yulizar D. Sanrego 3. John Simon 2. Matters Arising from SSB Meeting with BOC
4. Fransiska Oei and BOD on 26 April 2024
5. Pandji P. Djajanegara
6. Tjioe Mei Tjuen
7. Rusly Johannes
8. Henky Sulistyo
9. Joni Raini
10. Noviady Wahyudi
3 29 November 2024 1. M. Quraish Shihab 1. Lani Darmawan Sharia Review Results
2. Fathurrahman Djamil 2. Lee Kai Kwong
3. Yulizar D. Sanrego 3. John Simon
4. Pandji P. Djajanegara
5. Tjioe Mei Tjuen
6. Rusly Johannes
7. Joni Raini
8. Noviady Wahyudi
MEETING FREQUENCY AND ATTENDANCE RATE OF THE BOARD OF DIRECTORS IN 2024
Joint Meeting of the Board of
Joint Meeting of the SSB with the
Board of Directors Meeting Directors with the Board of GMS
Board of Directors
Commissioners
No. Name
Average Average Average Average
Attendance Attendance Attendance Attendance Attendance Attendance Attendance Attendance
Attendance Attendance Attendance Attendance
Frequency Rate Frequency Rate Frequency Rate Frequency Rate
Rate Rate Rate Rate
1 Lani 3/3
41/45 91% 100% 2/2 100% 3/3 100%
Darmawan
2 Lee Kai 4/4
40/45 89% 100% 3/3 100% 3/3 100%
Kwong
3 John Simon 41/45 91% 4/4 100% 3/3 100% 3/3 100%
4 Fransiska 4/4
41/45 91% 100% 2/2 100% 3/3 100%
Oei
5 Pandji P.
45/45 100% 4/4 100% 3/3 100% 2/2 100%
Djajanegara
94% 100% 100% 100%
6 Tjioe Mei 4/4
43/45 96% 100% 3/3 100% 3/3 100%
Tjuen
7 Henky 3/3
44/45 98% 100% 2/2 100% 3/3 100%
Sulistyo
8 Joni 4/4
41/45 91% 100% 3/3 100% 3/3 100%
Raini
9 Rusly 4/4
43/45 96% 100% 3/3 100% 3/3 100%
Johannes
10 Noviady 4/4
44/45 98% 100% 3/3 100% 3/3 100%
Wahyudi
Note: Total meeting does not take into account meetings on dates where the person concerned was on leave.
BOARD OF DIRECTORS DEVELOPMENT PROGRAM
As a strategic Governance organ, the development of the Board of Directors’ competency is crucial to be carried out
continuously to support the implementation of tasks as well as the achievement of sustainable growth and effective
management of the Bank, as stated in the Board of Directors’ Charter and Policy on Learning, Development and
Orientation of Board of Directors and Board of Commissioners No. A.04.08. To that end, CIMB Niaga always facilitates
the development of member competencies through various training programs for the Board of Directors that are aligned
with macroeconomic developments, banking industry dynamics, and ever-changing governance.
468 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
TRAINING AND COMPETENCY PERFORMANCE ASSESSMENT FOR
DEVELOPMENT PROGRAM COMMITTEES AT THE BOARD OF
Data on training attended by each Director during 2024 is DIRECTORS LEVEL
presented in the Company Profile Chapter of this Annual
Report. PERFORMANCE ASSESSMENT POLICY AND
PROCEDURE FOR COMMITTEES AT THE BOARD OF
RISK MANAGEMENT CERTIFICATION DIRECTORS LEVEL (EXECUTIVE COMMITTEE)
As of 31 December 2024, all members of the Board of Every year (minimum once a year), the Board of Directors
Directors in office have a Risk Management Certification conducts a performance assessment of the Committee
and/or have attended the Risk Management Refreshment at the Board of Directors level. The criteria and basis
program as stated in the Company Profile Chapter for consideration of the performance assessment of
of this Annual Report. CIMB Niaga implements the the Executive Committee are based on each Term of
Risk Management Certification and/or Refreshment Reference (TOR) are as follows:
program for the Board of Directors in accordance with 1. Number of meetings held;
OJK Regulation No. 24 of 2022 on Development of the 2. Attendance of members of the Board of Directors;
Quality of Human Resources in Commercial Banks and 3. Minutes of Meeting Service Level Agreement (SLA);
OJK Circular Letter No. 28/SEOJK.03/2022 on Risk 4. Action Matters Arising; and
Management Certification for Human Resources in 5. Distribution of meeting invitation.
Commercial Banks.
Throughout 2024, the Board of Directors assesses
INDUCTION PROGRAM FOR NEW MEMBERS that the implementation of duties, responsibilities, and
OF THE BOARD OF DIRECTORS discussions at Executive Committee meetings are running
CIMB Niaga has an Induction Program for new members properly and effectively. The participation of members
of the Board of Directors, which is carried out with of the Board of Directors at committee meetings during
the objective of providing an overview of business the 2024 financial year, including decisions made during
activities, the Bank’s future plans, work guidelines, and meeting discussions, can also be used as a reference.
other matters that are the responsibility of the Board of
Directors. Through this induction program, new members PERFORMANCE ASSESSMENT RESULTS OF
of the Board of Directors are expected to work in harmony EXECUTIVE COMMITTEES IN 2024
with other Governance organs of the Bank. The induction No. Executive Committee Score
program materials are in the form of documents prepared 1 Risk Management Committee (RMC) 440 (Good)
by the Corporate Affairs work unit, including:
2 Asset & Liability Committee (ALCO) 470 (Excellent)
1. Bank’s Vision and Mission.
3 Information Technology Steering 430 (Good)
2. Bank’s Code of Ethics and Code of Conduct. Committee (ITSC)
3. Bank’s Organizational Structure.
4 Credit Policy Committee (CPC) 490 (Excellent)
4. Bank’s Articles of Association.
5 Executive Credit Committee (ECC) 490 (Excellent)
5. Corporate Policy Manual.
6. Charter of the Board of Directors and Board of
Directors’ Committees. Range Table
7. Applicable regulations governing Banking and Capital Range Description
Markets. >470 - 500 Excellent
8. Bank’s Annual Report.
400 - <470 Good
9. Bank’s Business Plan.
300 - <400 Fair
The Bank has integrated orientation program materials into 200 - <300 Poor
its digital learning (e-Learning) platform, specifically the <200 Very Poor
Learning on the Go (LoG) application, which prospective
Directors can access from anywhere and at any time. Information regarding the performance assessment of the
Internal Audit Unit and Risk Management Unit is presented
During 2024, no new Directors were appointed by the in the Internal Audit and Risk Management Unit section of
Bank, hence no Director has attended orientation program. this chapter in the Annual Report.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
Performance Assessment of the Board of
Commissioners and Board of Directors
The performance assessment of the Board of 2. Criteria for the Individual Performance Assessment
Commissioners and Committees and the Board of of the Board of Commissioners
Directors is outlined in the Appendix to the Nomination a. Competency and capability
and Remuneration Committee Charter, which is available b. Effectiveness of Tasks and Responsibilities
on the CIMB Niaga’s website. Implementation
3. Criteria for the Performance Assessment of the
PERFORMANCE ASSESSMENT OF THE President Commissioner
BOARD OF COMMISSIONERS (INCLUDING a. Effectiveness of Tasks and Responsibilities
PRESIDENT COMMISSIONER) Implementation
In carrying out its functions, duties, and responsibilities, b. Leadership
the Board of Commissioners, including the President
Commissioner, is evaluated periodically, the result of PARTIES PERFORMING THE PERFORMANCE
which is reported to the Shareholders. ASSESSMENT OF THE BOARD OF COMMISSIONERS
The following are parties conducting performance
PERFORMANCE ASSESSMENT POLICIES AND assessment of the Board of Commissioners:
PROCEDURES OF THE BOARD OF COMMISSIONERS 1. Collegial Performance Assessment of the Board of
The performance assessment of the Board of Commissioners Commissioners.
is carried out annually (at least once a year), and every 3 Each Commissioner conducts an assessment of the
(three) years, will be carried out by a third party. In 2024, overall performance of the Board of Commissioners.
CIMB Niaga conducted a self-assessment performance 2. Individual Performance Assessment of Each
assessment of the Board of Commissioners through an online Member of the Board of Commissioners.
survey delivered to the Board of Commissioners, the process Each Commissioner assesses other Commissioners.
and results of which are carried out confidentially and 3. Performance Assessment of the President
anonymously (independently). The results of the performance Commissioner.
assessment serve as an input for improving the performance Assessment is conducted by each Commissioner on
of the Board of Commissioners in the future. the performance of the President Commissioner.
In detail, the assessment policies and procedures include: The performance assessment results will be submitted
1. Collegial performance assessment of the Board of to the Nomination and Remuneration Committee.
Commissioners; Subsequently, the Nomination and Remuneration
2. Individual performance assessment of each member Committee will present and discuss all of the performance
of the Board of Commissioners; and assessment results in the Board of Commissioners’
3. Performance assessment of the President meeting. The discussion result are followed up through
Commissioner. improvement or action plan (if needed).
BOARD OF COMMISSIONERS’ PERFORMANCE BOARD OF COMMISSIONERS’ PERFORMANCE
ASSESSMENT CRITERIA ASSESSMENT RESULT IN 2024
The performance assessment of the Board of In 2024, the collegial and individual performance
Commissioners (including the President Commissioner) is assessment of the Board of Commissioners generated
conducted using the following criteria: the following results:
1. Criteria for the Collegial Performance Assessment Collegial Individual
President
of the Board of Commissioners Performance Performance
Commissioner
Assessment Assessment (Average)
a. Effectiveness of the Board of Commissioners’ Role
b. Effectiveness of Tasks and Responsibilities 4.81 (Exceptional) 4.87 (Exceptional) 4.80 (Exceptional)
Implementation
c. Composition of the Board of Commissioners The Bank’s commitment to implementing the principles of
d. Effectiveness of Meeting, Work Ethics, and GCG is taken into account in the collegial performance
Dynamics of the Board of Commissioners assessment of the Board of Commissioners. In 2024, the
e. Implementation of Good Corporate Governance performance assessment result on GCG implementation
and Sustainability Principles by the Board of Commissioners is 4.83 (Exceptional).
f. Effectiveness of Risk Management and Internal
Control Implementation
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Range Table PERFORMANCE ASSESSMENT POLICIES AND
Range Description PROCEDURES OF THE BOARD OF DIRECTORS
≥ 4.7 Exceptional Kebijakan penilaian terhadap kinerja Direksi meliputi:
4.0 – 4.6 Outstanding 1. Collegial performance assessment of the Board of
3.7 – 3.9 Exceed Expectation Directors carried out at least 1 (once) a year
3.0 – 3.6 Meet Expectation 2. Individual performance assessment of the Board of
< 3.0 Need Improvement Directors (including President Director), carried out at
least 2 (twice) a year
PERFORMANCE ASSESSMENT OF THE BOARD The collegial performance assessment of the Board of
OF COMMISSIONERS’ GCG IMPLEMENTATION Directors is carried out through self-assessment through an
Referring to the provisions of OJK Regulation No. 17 of 2023 online survey. The process and results of the performance
and OJK Circular Letter No. 13/SEOJK.03/2017, which require assessment are carried out confidentially and anonymously
Commercial Banks to conduct self-assessments on the (independently) and become input for continuous
implementation of Bank Governance, CIMB Niaga conducted improvement of the Board of Directors’ performance. Every
an assessment of the Board of Commissioners’ aspects in the 3 (three) years, the collegial performance assessment of the
implementation of GCG in the 2024 financial year. Board of Directors is carried out by a third party.
PERFORMANCE ASSESSMENT PROCEDURE OF THE In the individual performance assessment of the Board
BOARD OF COMMISSIONERS of Directors, the Bank uses a balanced scorecard as a
The performance assessment of the Board of performance indicator for each member of the Board of
Commissioners is included in the implementation of the Directors. The Bank’s aspirations and strategic objectives
GCG self-assessment, which is carried out periodically every stated in the Balance Scorecard are interpreted into a
semester, namely in June and December of the current year. Key Performance Indicator (KPI) in accordance with the
tasks and responsibilities of each member of the Board
PERFORMANCE ASSESSMENT CRITERIA OF THE of Directors by considering collegial and individual
BOARD OF COMMISSIONERS responsibilities, both financially and non-financially.
The criteria used in assessing the performance of
the Board of Commissioners are structured into the CIMB Niaga implements 2 (two) KPIs, namely:
Governance system, which is grouped into 3 (three) 1. Collective Scorecard as the basis for assessing the
assessment aspects, namely Governance Structure, performance of the directorates and the Bank’s institution
Governance Process, and Governance Outcome. and will determine performance-based compensation
amounts for employees in relevant directorates.
PARTIES PERFORMING THE ASSESSMENT 2. Individual Scorecard as the basis for determining the
The implementation of GCG self-assessment involves the performance of the Board of Directors, including the
Board of Commissioners, Independent Parties, Board of President Director individually.
Directors, Executive Officers, and independent functions
coordinated by the Compliance Unit. Both KPIs were mutually agreed upon by the Board
of Directors and submitted to the Nomination and
BOARD OF COMMISSIONERS PERFORMANCE Remuneration Committee for recommendations as well as
ASSESSMENT RESULT IN 2024 the Board of Commissioners for approval. Subsequently,
Self-Assessment Result of the Bank Governance Implementation the Collective Scorecard (including KPI related to
Sustainability and Climate opportunities and risk) will be
Description Rating
disseminated to all employees to ensure alignment with
Implementation of Duties 2 (Good)
the objectives and strategies of the Bank.
and Responsibilities of the
Board of Commissioners
At the end of the financial year, CIMB Niaga will evaluate
RECOMMENDATIONS AND FOLLOW-UP ACTIONS the performance assessment of the Board of Directors,
In 2024, there were no recommendations that had not both institutionally (Collective Scorecard) and individually
been followed up by the Board of Commissioners. (Individual Scorecard). The results will be submitted to
the Nomination and Remuneration Committee for input
PERFORMANCE ASSESSMENT OF THE and recommendations before final approval by the Board
BOARD OF DIRECTORS (INCLUDING of Commissioners.
PRESIDENT DIRECTOR)
In carrying out its functions, duties, and responsibilities,
the Board of Directors, including the President Director, is
evaluated periodically, the result of which will be reported
to the Shareholders.
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Highlights Report Profile Discussion & Analysis Management
THE PERFORMANCE ASSESSMENT CRITERIA OF THE BOARD OF DIRECTORS
The criteria applied in the performance assessment of the Board of Directors (including the President Director) are as
follows:
1. Collegial Performance Assessment of the Board of Directors.
Collegial assessment criteria include:
a. Effectiveness of the Board of Directors’ Role
b. Effectiveness of the Bank’s Strategy and Management Implementation
c. Composition of the Board of Directors
d. Effectiveness of Meeting, Work Ethics, and Dynamics of the Board of Directors
e. Implementation of Good Corporate Governance and Sustainability Principles
f. Effectiveness of Risk Management and Internal Control Implementation
2. Individual Performance Assessment of the Board of Directors (bank-wide and individually)
a. Components applied in the performance assessment of the Directorate and Bank on an institutional/bank-wide
basis (Collective Scorecard) include:
Directorate
Business Unit Business Enabler
Performance
Parameter Compliance,
Consumer Treasury Operations & Strategy,
CIMB Business Sharia Risk Corporate Human
Banking & Capital Information Finance &
Niaga Banking* Banking Management Affairs, & Resource
(Retail) Market Technology SPAPM
Legal
Financial 40% 35% 40% 40% 40% 25% 30% 25% 30% 30%
Risk, 25% 20% 25% 20% 20% 10% 15% 10% 15% 15%
Compliance,
Audit
Customer 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Experience
Service - - - - - 25%** 10% 20%** 5% 15%
Delivery
Key Focus 15% 25% 15% 20% 20% 20% 25% 25% 30% 20%
Areas/Projects
Purpose Driven 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
(including
Sustainability)***
*
Business Banking oversees Corporate Banking, Commercial Banking, and Transaction Banking
**
Service Delivery for the Risk Management Directorate & Compliance, Corporate Affairs & Legal Directorate includes indicators on overall risk/compliance implementation in Bank
***
Including sustainability and climate opportunities and risk
b. The components applied in individual performance assessment for each Director, including the President Director
(Individual Scorecard), include:
Directorate
Business Unit Business Enabler
Performance
Parameter Compliance,
Consumer Treasury Operations & Strategy,
CIMB Business Sharia Risk Corporate Human
Banking & Capital Information Finance &
Niaga Banking* Banking Management Affairs, & Resource
(Retail) Market Technology SPAPM
Legal
Financial 35% 35% 35% 35% 35% - 10% - 10% 15%
Risk, 25% 20% 20% 15% 15% 25% 15% 25% 15% 15%
Compliance,
Audit
Customer 10% 10% 10% 10% 10% 10% 20% 10% 15% 20%
Experience
Key Focus 15% 20% 20% 25% 25% 50% 40% 50%** 45% 35%
Areas/Projects
People & 15% 15% 15% 15% 15% 15% 15% 15% 15% 15%
Leadership
Development
*
Business Banking oversees Corporate Banking, Commercial Banking, and Transaction Banking
**
Including Sustainability KPIs
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PARTIES PERFORMING THE PERFORMANCE PERFORMANCE ASSESSMENT OF THE BOARD
ASSESSMENT OF THE BOARD OF DIRECTORS OF DIRECTORS’ GCG IMPLEMENTATION
The parties performing the performance assessment of Referring to the provisions of OJK Regulation No. 17 of
the Board of Directors are as follows: 2023 and OJK Circular Letter No. 13/SEOJK.03/2017,
CIMB Niaga conducted an assessment of the Board of
1. Collegial Performance Assessment of the Board of Directors’ GCG implementation in the financial year. The
Directors regulation also requires Commercial Banks to perform
Each member of the Board of Directors provides self-assessments on the implementation of the Bank’s
an assessment of the Board of Directors’ collegial Governance.
performance. All responses are collected directly
online. The results are compiled and reported to the PERFORMANCE ASSESSMENT PROCEDURES OF
management of CIMB Niaga. THE BOARD OF DIRECTORS
CIMB Niaga conducts a periodic assessment of the
The results of the collegial performance assessment Board of Directors’ performance, including in the
of the Board of Directors are discussed in the Board implementation of periodic GCG self-assessment, which
of Directors’ meeting and subsequently submitted to is carried out every semester, namely the assessment in
the Nomination and Remuneration Committee and the June and December of the current year.
Board of Commissioners for input and approval of the
improvement plan (if any). PERFORMANCE ASSESSMENT CRITERIA OF THE
BOARD OF DIRECTORS
2. Individual Performance Assessment of the Board of Criteria used in the performance assessment of the Board
Directors (Bank-wide and Individually) of Directors are described within the governance system
Assessment is conducted by the President Director and can be categorized into 3 (three) assessments,
on the performance of each Directorate and each namely Governance Structure, Governance Process,
member of the Board of Directors. The assessment and Governance Outcome.
results of all Directorates (including the Bank) and
all members of the Board of Directors individually PARTIES PERFORMING THE ASSESSMENT
(including the President Director) will be discussed by The GCG self-assessment involves the Board of
the Nomination and Remuneration Committee for input Commissioners, Independent Parties, the Board of
and recommendations before gaining approval from Directors, Executive Officers, and other independent
the Board of Commissioners. functions coordinated by the Compliance Unit.
BOARD OF DIRECTORS PERFORMANCE BOARD OF DIRECTORS’ PERFORMANCE
ASSESSMENT RESULT IN 2024 ASSESSMENT RESULT IN 2024
The results of the collegial performance assessment of Self-Assessment Result of the Bank Governance Implementation
the Board of Directors show that the Board of Directors
Description Rating
has carried out its functions well in managing the Bank.
Implementation of Duties 2 (Good)
The assessment also reflects that the Board of Directors
and Responsibilities of the
has continuously ensured that the Bank’s performance Board of Directors
meets the expectations of the shareholders and all
stakeholders. In 2024, the collegial performance
assessment score of the Board of Directors reached RECOMMENDATIONS AND FOLLOW-UP ACTIONS
4.53 (Outstanding). Furthermore, the result of the In 2024, there were no recommendations that had not
assessment of GCG implementation by the Board of been followed up by the Board of Directors.
Directors is 4.55 (Outstanding).
Range Table
Range Description
≥ 4.7 Exceptional
4.0 – 4.6 Outstanding
3.7 – 3.9 Exceed Expectation
3.0 – 3.6 Meet Expectation
< 3.0 Need Improvement
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Policy on the Diversity of the Board of
Commissioners and the Board of Directors
As a key part of GCG implementation, the implementation of b. 1 (one) member who has expertise/work
diversity policies in the composition of members of the Board experience/education in the banking industry; and
of Commissioners and Board of Directors has a strategic role c. 1 (one) member who has expertise/work
in creating an inclusive work environment. CIMB Niaga has a experience/education in the field of risk
Diversity Policy in the Composition of Members of the Board management.
of Commissioners and Board of Directors since September 2. Nationality
2022, which is reviewed periodically with reference to the The majority (more than 50% (fifty percent)) of
Bank’s Manual Framework Policy while taking into account members of the Board of Commissioners shall be
the provisions in the Capital Market sector that regulate Indonesian citizens.
Good Corporate Governance. 3. Gender
Consider the diversity in gender of members of the
Members of the Board of Commissioners and Board Board of Commissioners.
of Directors of CIMB Niaga who were appointed at the 4. Age
General Meeting of Shareholders have a fairly diverse Members of the Board of Commissioners shall be
composition, both based on age, educational background, diverse in age level.
expertise, and experience required in carrying out their 5. Independence
duties and responsibilities. CIMB Niaga also maintains a. Minimum 50% (fifty percent) of members of
the diversity of expertise and experience of members the Board of Commissioners are Independent
of the Board of Commissioners and Board of Directors, Commissioners.
which includes banking, economics, business, finance, b. The term of office of an Independent Commissioner
governance, human resources, and risk management. is 2 (two) consecutive terms, or a maximum of 9
(nine) years.
The combination of these characteristics will have a
positive effect on the accuracy of the nomination and DIVERSITY IN THE COMPOSITION OF THE
appointment process for individual members of the Board BOARD OF DIRECTORS
of Commissioners and Board of Directors or the Board Aspects of diversity in the composition of members of the
of Commissioners and Board of Directors collegially. Board of Directors include:
Identification of the expertise of the Board of Commissioners 1. Expertise/Experience/Education, having at least:
and Board of Directors is also carried out based on a. 1 (one) member who has expertise/work
educational background, work experience, and training that experience/education in the banking industry or
has been attended. As a follow-up to efforts to improve the the economy/business,
competency of members of the Board of Commissioners b. 1 (one) member who has expertise/work
and Board of Directors, CIMB Niaga routinely holds various experience/education in the field of risk
training, workshops, and other relevant activities. management,
c. 1 (one) member who has expertise/work
The Bank’s Diversity Policy serves as a reference in succession experience/education in finance/accounting.
planning for members of the Board of Commissioners and 2. Nationality
Board of Directors. To ensure that the Bank has an adequate The majority (more than 50% (fifty percent)) of
talent pool and in accordance with the target and Diversity members of the Board of Directors shall be Indonesian
Policy of the Composition of Members of the Board of citizens.
Commissioners and Board of Directors of the Bank. 3. Gender
Consider the diversity in gender of members of the
DIVERSITY IN THE COMPOSITION OF MEMBERS Board of Directors, at least 1 (one) female or male
OF THE BOARD OF COMMISSIONERS member.
Aspects of diversity in the composition of members of the 4. Age
Board of Commissioners include: Members of the Board of Directors shall be diverse in
1. Skills/Experience/Education, having at least: age level.
a. 1 (one) member who has expertise/work 5. Independence
experience/education in the field of economics/ The President Director shall be independent of the
business/finance; and/or Bank’s Controlling Shareholders.
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ACHIEVEMENT OF DIVERSITY IN THE COMPOSITION OF THE BOARD OF COMMISSIONERS
AND BOARD OF DIRECTORS
In 2024, the composition of CIMB Niaga’s members of the Board of Commissioners and Board of Directors met the
diversity requirements outlined in the relevant regulations, which are in line with the Bank’s strategy, vision and mission.
Informatively, the diversity of the composition of members of the Bank’s Board of Commissioners and Board of Directors
is reflected below:
Age of the Board of Commissioners Age of the Board of Directors
(%) (%)
10
29
29 40
40-49 years old 40-49 years old
50-59 years old 50-59 years old
60-69 years old 60-69 years old
50
43
Gender of the Board of Commissioners Gender of the Board of Directors
(%) (%)
43 30
(3 members) (3 members)
Male Male
Female Female
57 70
(4 members) (7 members)
Nationality of the Board of Commissioners & the Board of Education of the Board of Commissioners & the Board of
Directors Directors
(member) (member)
6 9 1 1 0 2 7 8
Board of Board of
Commissioners Commissioners
Board of Directors Board of Directors
Indonesian Malaysian Bachelor Post-Graduate
Independence of the Board of Commissioners Expertise of the Board of Commissioners & the Board of Directors
(%) (member)
1
43 1
(3 members)
1
8 Business
Risk Management
Non-Independent
Commissioners Economy
Independent Commissioners
Computer Science
5 Medical
57 Law
(4 members)
1
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A diverse work experience of the Commissioners, among others:
1. Members of the Board of Commissioners and/or Board of Directors and/or Officials Chief or Senior Executives or other key
positions in national and multinational financial and non-financial institutions;
2. Officials Chief or Member/Chairman of Committee/Special Team or Special Staff or persons who hold other important
positions in Government Institutions, such as IBRA, Ministry of Finance, and Bank Indonesia;
3. Lecturers and Vice Deans of leading universities both at home and overseas.
A diverse work experience of the Directors, among others:
Work 1. Members of the BOD of national and multi-national financial and non-financial institutions
Experience 2. Hold important positions in national and foreign banks, including, Chief of Corporate Banking & Financial Institution,
Chief of Transaction Banking, Chief Risk Officer, Chief Human Resources Officer, Head of Finance and Planning, Head of
Trading & Structuring, Head of Treasury, Head of Financial Institutions Credit, Consumer Banking Country Head, Head of
Network, Chief of Syariah Banking, Operations & Technology Head, and others.
3. Founder and Senior Partner in a Law Firm.
4. Auditor.
All members of the BOD have working experience in banking.
- All Independent Commissioners have served less than 9 (nine) years.
Independency - All BOD members has no affiliation with fellow BOD members, BOC members and the Ultimate and Controlling
Shareholder of the Bank.
Nomination and Remuneration Policy
NOMINATION POLICY b. Members of the BOD, BOC, and/or Shareholders of
the Bank may also propose prospective members
MECHANISM OF NOMINATION, APPOINTMENT, for the BOC to the Bank. Shareholders eligible
TERMINATION, REPLACEMENT, AND/OR to propose candidates for the BOC members are
RESIGNATION OF MEMBERS OF THE BOARD OF those holding 1 (one) or more shares representing
COMMISSIONERS 1/20 (one-twentieth) or more of the total voting
CIMB Niaga has Nomination Policy No. M.04, which shares.
regulates various matters, such as the process of 3. The procedure for the appointment of members of BOC
selecting, appointing, dismissing and/or replacing includes obtaining approval from the General Meeting
members of the Board of Commissioners (BOC), Board of of Shareholders (GMS) and successfully passing the
Directors (BOD), and Independent Parties, as follows: Fit and Proper Test as per the OJK regulations on Fit
1. Criteria of Members of the BOC and Proper Test and Governance Implementation
Prospective members of the BOC of CIMB Niaga must for Commercial Banks. Additionally, the appointee
at least meet requirements that include integrity, must meet other requirements stipulated by relevant
competence, and good reputation, as stipulated in the authorities before being formally declared as a
prevailing laws and regulations. Commissioner.
2. Procedure for the Election of Members of the BOC 4. Procedure for Termination, Replacement, and/or
a. The Bank may utilize the services of reputable Resignation of the BOC Members includes:
independent third parties (search firms) in the a. Proposals for the termination and/or replacement
process of selecting candidates for the BOC. The of the BOC members submitted to the GMS must
third parties (search firms) appointed by the Bank consider recommendations from the Bank’s
shall assist in the selection process, including: Nomination and Remuneration Committee.
i. Identifying candidates who meet the b. Members of the BOC may be dismissed at any time
requirements; based on a resolution of the GMS by stating the
ii. Conducting interviews and candidate selection reasons.
(including background and reference checks); c. Members of the BOC have the right to resign from
iii. Acting as a liaison between the BOC, their positions by providing written notice of their
Nomination and Remuneration Committee, and intention to the Bank no later than 90 (ninety)
candidates during the selection and evaluation days or 3 (three) months prior to their resignation
process; and becomes effective. In the event that the written
iv. Providing necessary consultations to the notice is provided less than 90 (ninety) days or
Nomination and Remuneration Committee. 3 (three) months, the effective resignation date
must be approved by the BOC.
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d. In the event that a position of a member of the c. Members of the BOD, BOC, and/or Shareholders of
BOC becomes vacant, resulting in the number of the Bank may also propose prospective members
members of the BOC falling below 3 (three), the for the BOD to the Bank. Shareholders eligible
GMS must be held within a maximum of 60 (sixty) to propose candidates for the BOD members are
calendar days after the vacancy to fill the position, those holding 1 (one) or more shares representing
by observing the prevailing laws and regulations. 1/20 (one-twentieth) or more of the total voting
e. In the event that the position of the President shares.
Commissioner is vacant and a replacement has 3. Procedure for the Appointment of Members of the
not been appointed or has not assumed the BOD includes:
position, then one of the members of the BOC The appointment of members of the BOD must be
appointed during a BOC meeting, will assume the approved by the GMS and have passed the Fit and
duties of the President Commissioner, with the Proper Test in accordance with the OJK regulations
same authority and responsibilities. and/or meet other requirements stipulated by
relevant authorities before the effective declaration
MECHANISM OF NOMINATION, APPOINTMENT, of the person as Director.
TERMINATION, REPLACEMENT, AND/OR RESIGNATION 4. Procedure for Termination, Replacement, and/or
OF MEMBERS OF THE BOARD OF DIRECTORS Resignation of Members of the BOD includes:
CIMB Niaga has Nomination Policy No. M.04, which a. Proposal for the termination and/or replacement
regulates various matters, such as the process of of the members of the BOD submitted to the GMS
selecting, appointing, dismissing and/or replacing must consider recommendations from the Bank’s
members of the BOC, BOD, and Independent Parties, as Nomination and Remuneration Committee.
follows: b. Members of the BOD may be dismissed at any
1. Criteria of Members of the BOD time based on a resolution of the GMS by stating
Prospective members of the BOD of CIMB Niaga the reasons.
must at least meet the requirements and criteria as c. Members of the BOD have the right to resign from
stipulated in the prevailing laws and regulations, their positions by providing written notice of their
including integrity, competence, reputation, domicile, intention to the Bank no later than 90 (ninety)
independence, or other specific criteria according to days or 3 (three) months prior to their resignation
the Director’s field. becomes effective.
2. Procedure for the Election of Members of the BOD
includes: REMUNERATION POLICY
a. Internal talents are prioritized to be the candidates In terms of remuneration, CIMB Niaga has a Risk-Based
of the Bank’s Director, but other professionals may Remuneration Policy No. A.06.02, which has been updated
also be considered. on 15 December 2023 by considering the contents of the
b. The Bank may utilize the services of reputable most recent regulations and the Remuneration Policy of
independent third parties (search firms) in the the Board of Commissioners (BOC), Sharia Supervisory
process of selecting candidates for the BOD. The Board (SSB), Board of Directors (BOD), and Committees at
third parties (search firms) appointed by the Bank the level of the BOC No. A.06.25. CIMB Niaga has prepared
shall assist in the selection process, including: a remuneration policy by prioritizing a competitive, fair
i. Identifying candidates who meet the and balanced remuneration system based on applicable
requirements; laws and regulations in accordance with the provisions of
ii. Conducting interviews and candidate selection OJK Regulation No. 45/POJK.03/2015 on Implementation
(including background and reference checks); of Governance in the Provision of Remuneration
iii. Acting as a liaison between the BOC, for Commercial Banks, OJK Circular Letter No. 40/
Nomination and Remuneration Committee, and SEOJK.03/2016 on Implementation of Governance in the
candidates during the selection and evaluation Provision of Remuneration for Commercial Banks, and
process; OJK Regulation No. 59/POJK.03/2017 on Implementation
iv. Providing necessary consultations to the of Governance in the Provision of Remuneration for Sharia
Nomination and Remuneration Committee. Commercial Banks and Sharia Business Units.
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CIMB Niaga also ensures that no individual receives Bank conducts a review of the implementation of the
compensation below the provisions set by the remuneration policy by considering the following matters:
government. In formulating remuneration policies and 1. Performance and financial conditions of the Bank
benchmarks, CIMB Niaga engages the services of an 2. Employee competence and performance (meritocracy)
independent external consultant, to ensure that the 3. Market competitiveness in remuneration practices
Bank’s remuneration remains competitive, fair, and 4. Suitability and appropriateness based on position/role
balanced. 5. Internal equity
6. Risk level of the position
OBJECTIVES AND BACKGROUND 7. Long-term strategy of the Bank
CIMB Niaga implements a remuneration policy that
covers all levels of the organization, including the BOC, The Bank continues to review and communicate the
BOD and all employees, whether mandatory or additional, Wage Structure and Wage Scale (WSWS) periodically in
in line with applicable laws and regulations. The important accordance with Minister of Manpower Regulation No.
objectives in implementing the remuneration policy are to 1 of 2017 on Wage Structure and Scale. In addition, the
attract, motivate, and retain the best employees in order Bank has implemented a remuneration policy by taking
to provide high-quality human resources. In addition, in into account OJK Regulation No. 45/POJK.03/2015, OJK
facing global competition and labor market dynamics, Regulation No. 59/POJK.03/2017 and OJK Circular Letter
a competitive remuneration policy is one of the keys to No. 40/SEOJK.03/2016 on Implementation of Governance
supporting the achievement of the Bank’s goals. in the Provision of Remuneration for Commercial Banks
and Sharia Business Units.
The policy is also developed with various considerations
that include short-term and long-term liquidity needs, DETERMINATION OF MATERIAL RISK TAKER
capital adequacy, financial stability aspects, the Material Risk Taker (MRT) is a position with responsibilities
effectiveness of risk management, and potential future that affect the Bank’s main risk profile, which will be
income. determined in accordance with the risk profile evaluation
determined by the Bank each year. The Bank reviews
RISK-BASED REMUNERATION POLICY the MRT position each year with the criteria used in
CIMB Niaga implements a remuneration strategy that is determining the MRT position, including:
accompanied by an evaluation of short-term and long-term 1. Based on level/grade: Senior Management or
performance, risks faced, and empowerment. The Bank Executive Officer.
implements policies and procedures for implementing 2. Based on the role of position: Holding a fiduciary
benefit programs as an integral part of the remuneration responsibility or a critical position responsible
strategy, taking into account relevant risk profiles. The for making strategic decisions that can influence
main types of risks in the remuneration policy are adjusted the Bank’s risk profile (credit, market, liquidity,
to a review of the Bank’s risk profile, which is determined operational, legal, reputation, strategic, compliance)
annually by observing the market conditions, industry or a position in a business unit (revenue/income
developments, performance, certain job positions, and the generator of the Bank).
Bank’s financial capabilities. The main risk profile has an
impact on the implementation of variable remuneration. Variable remuneration payments for MRT must be
deferred by a certain percentage as applied by the Bank
CIMB Niaga’s risk-related remuneration policy regulates with deferral period of 3 (three) years. The deferral period
the following matters: applies equally to all MRTs.
1. Prudent principles in risk-based remuneration.
2. Implementation of variable remuneration according to Under certain conditions, the Bank may also deferred the
the provisions of regulators related to remuneration for payment (malus) or withdraw the variable remuneration
Commercial Banks and Sharia Business Units. (tantiem/bonuses) that has been paid (clawback) to the
MRT.
REVIEW AND INDEPENDENCE IN THE
IMPLEMENTATION OF REMUNERATION POLICY PERFORMANCE AND RISK-BASED
In order to ensure the independence of remuneration REMUNERATION DETERMINATION
for all employees, every year the Bank ensures that In determining the remuneration scheme, particularly
performance evaluation and remuneration determination variable remuneration, CIMB Niaga considers the key
are carried out through supervision and review through risks in 2024 that impact the determination of the Key
the Nomination and Remuneration Committee. The Performance Indicator (KPI) and the provision of variable
remuneration.
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Performance assessment is based on the KPI that are Detailed information of the performance indicators of
agreed upon at the beginning of the year in accordance the BOD are described in the Performance Assessment
with the Bank’s objectives and strategies as well as section of the BOC and BOD in this Annual Report.
consider risk, compliance and good corporate governance
aspects. Performance Measurement Indicators in Determining
the Remuneration of the Employee
To determine remuneration amounts, particularly variable The employee remuneration system is based on the principle
components and individual performance, a yearly of meritocracy, taking into account the following factors:
review is held which serve as the foundation for Bank’s • Bank’s Financial Capability;
appreciation in the form of bonuses, promotions, rank • Bank’s Performance Achievements;
reviews, and wage/salary increases. • Performance achievements of the Directorate/Unit of
the Organization based on the Directorate/Unit KPI;
Performance Measurement Indicators in Determining • Individual Employee Performance Achievements
the Remuneration of the Members of the BOD based on individual KPI;
Indicators for determining the remuneration of the • Demonstration of Bank’s core values by each employee.
members of the BOD include:
• Performance achievement of each Director with REMUNERATION OF THE BOARD OF
indicators including finance, risk management COMMISSIONERS (BOC), SHARIA SUPERVISORY
implementation, governance and compliance, BOARD (SSB), AND BOARD OF DIRECTORS (BOD)
customer experience, key focus area and
sustainability; Policy for Determining Remuneration for the Board of
• Conditions of national economy and industry Commissioners, Sharia Supervisory Board, and Board
benchmark; of Directors
• The overall performance achievements of CIMB CIMB Niaga prepares the structure, policies, and
Niaga, including financial performance and the Bank’s amount of remuneration for each member of the Board
soundness level; of Commissioners (BOC), Sharia Supervisory Board
• Consideration of CIMB Niaga’s long-term goals and (SSB), and Board of Directors (BOD) by considering the
strategies; duties, authorities, performance, and responsibilities
• Risks that may arise in the future, which may causing of the BOC, SSB, and BOD. CIMB Niaga also considers
losses for CIMB Niaga. the remuneration applicable in similar industries (peers
group) and the Bank’s capabilities.
Procedures for Determining Remuneration of the Board of Commissioners, SSB, and Board of Directors
Remuneration of the
Board of Commissioners GMS
BOC/SSB/BOD
2 3
The Board of Follow-up by the Board
Commissioners proposes of Directors
1 to the GMS
Nomination and
Remuneration Committee
The Nomination and Remuneration
Committee provides recommendations
and suggestions to the Board of
Commissioners
1. The Nomination and Remuneration Committee discusses the remuneration of the BOC, SSB and BOD by considering
information on the range and standard of remuneration with similar industries (peer group) in the market and the
Bank’s capabilities. The Nomination and Remuneration Committee provides recommendations to be discussed in the
BOC Meeting;
2. The BOC studies the recommendations from the Nomination and Remuneration Committee, to be further proposed
to the GMS; and
3. The GMS determines the remuneration:
• for the BOC and SSB, to be further implemented according to the determination by the BOD.
• for the BOD, by granting authority to the BOC to set the remuneration of the BOD, by considering the
recommendations submitted by the Nomination and Remuneration Committee, to be implemented by the BOD, as
determined by the BOC.
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Remuneration Structure of the Board of Commissioners
Based on the 2024 AGMS resolution, the remuneration structure of the BOC comprises an honorarium, meeting allowance,
position allowance, transportation allowance, public holiday allowance, year-end allowance, and other facilities, such
as health benefits, communication facilities, and club membership. No member of the BOC, including Independent
Commissioners, at CIMB Niaga receives variable remuneration (such as stocks or bonuses, whether performance-
related, non-performance-related, or stock options)
In detail, the following are the remuneration structure and other facilities for members of the BOC of CIMB Niaga in the
last two years:
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED BY THE BOARD OF COMMISSIONERS
Total Amount Received by the Independent Commissioner in 1 Year
Types of Remuneration and Other Facilities 2024 2023
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other non-monetary
5* 16,819 4 11,780
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 5* 246 4 184
Total 5* 17,065 4 11,964
Since 2022 the Bank has recorded Remuneration in in-kind form
*
Including remuneration of Independent Commissioners whose term of office has ended
Total Amount Received by the
Non-Independent Commissioner in 1 Year
Types of Remuneration and Other Facilities
2024 2023
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other non-monetary
4* 9,157 3 7,315
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 1 *
13 1 10
Total 4 *
9,170 3 7,325
Since 2022 the Bank has recorded Remuneration in in-kind form
*
Including remuneration of Non-Independent Commissioners whose term of office has ended
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Total Independent Total Non-Independent
Remuneration per Person Commissioners Commissioners
2024* 2023 2024* 2023
Above Rp5 billion 1 - - -
Above Rp2 billion to Rp5 billion 3 3 2 2
Above Rp1 billion to Rp2 billion 1 1 1 1
Above Rp500 million to Rp1 billion - - - -
Below Rp500 million - - 1 -
*
Including remuneration of member of the BOC whose term of office has ended
2. VARIABLE REMUNERATION FOR THE BOARD OF COMMISSIONERS
Amount Received in 1 Year
Independent Commissioner Non-Independent Commissioner
Variable Remuneration*
2024 2023 2024 2023
Person Rp (Million) Person Rp (Million) Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil Nil Nil Nil Nil
*
Performance and risk-based remuneration (including tantiem/bonus)
Remuneration Structure of the Sharia Supervisory Board
Based on the 2024 AGMS resolution, the remuneration structure of the SSB comprises an honorarium, meeting
allowance, public holiday allowance, year-end allowance, and communication facilities. No member of the SSB of CIMB
Niaga receives variable remuneration (such as stocks or bonuses, whether performance-related, non-performance-
related, or stock options). In detail, the following are the remuneration structure and other facilities for members of the
SSB of CIMB Niaga in the last two years:
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED BY THE SHARIA SUPERVISORY BOARD
Total Amount Received by the Sharia Supervisory Board in 1 Year
Types of Remuneration and Other Facilities 2024 2023
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other non-monetary
3 2,527 3 2,420
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned - - 3 1
Total 3 2,527 3 2,421
Since 2022 the Bank has recorded Remuneration in in-kind form
Number of Members of the Sharia Supervisory Board
Remuneration per Person
2024 2023
Above Rp5 billion - -
Above Rp2 billion to Rp5 billion - -
Above Rp1 billion to Rp2 billion - -
Above Rp500 million to Rp1 billion 3 3
Below Rp500 million - -
2. VARIABLE REMUNERATION FOR THE SHARIA SUPERVISORY BOARD
Total Amount Received by the Sharia Supervisory Board in 1 Year
Variable Remuneration *
2024 2023
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*
Performance and risk-based remuneration (including tantiem/bonus)
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Remuneration Structure of the Board of Directors
Based on the AGMS 2024 resolution, the remuneration structure for the BOD comprises salary, transportation allowance,
housing allowance, public holiday allowance, year-end allowance, performance bonus, and other facilities, such as
health benefits, communication facilities, and club membership. No member of the BOD receives a non-performance
bonus. Detailed information on the structure of remuneration and other facilities for members of the BOD of CIMB Niaga
during the last two years is as follows:
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED BY THE BOARD OF DIRECTORS
Total Amount Received by the Board of Directors in 1 year
Types of Remuneration and Other Facilities 2024 2023
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other non-monetary 10 78,110 10 77,389
benefits)
Other benefits in in-kind form (housing, transportation, health - - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 10 3,839 10 2,726
Total 10 81,949 10 80,115
Since 2022 the Bank has recorded Remuneration in in-kind form
Number of Members of the Board of Directors
Remuneration per Person
2024 2023
Above Rp5 billion 10 10
Above Rp2 billion to Rp5 billion - -
Above Rp1 billion to Rp2 billion - -
Above Rp500 million to Rp1 billion - -
Below Rp500 million - -
2. VARIABLE REMUNERATION FOR THE BOARD OF DIRECTORS
Amount Received by the Board of Directors in 1 year
Variable Remuneration *
2024 2023
Person Rp (Million) Person Rp (Million)
Total 10 151,782 10 77,979
*
Performance and risk-based remuneration (including tantiem/bonus)
STOCK OPTIONS HELD BY THE BOARD OF COMMISSIONERS, BOARD OF DIRECTORS, AND EXECUTIVE OFFICERS
In 2024, there were no stock options of CIMB Niaga held by members of the BOC, BOD, and Executive Officers.
HIGHEST AND LOWEST SALARY RATIO
Ratio 2024 2023
Highest and lowest salary ratio of the employees 104.70 : 1 104.28 : 1
Highest and lowest salary ratio of the Board of Directors 2.14 : 1 2.26 : 1
Highest and lowest salary ratio of the Board of Commissioners 1.82 : 1 1.25 : 1
Highest salary ratio of the Board of Directors and highest employee 2.47 : 1 2.39 : 1
VARIABLE REMUNERATION FOR EMPLOYEES
Total Amount received by Employees in 1 year
Variable Remuneration 2024 2023
Person Rp (Million) Person Rp (Million)
Total 7,985 601,633 7,808 553,307
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FIXED AND VARIABLE REMUNERATIONS FOR MATERIAL RISK TAKERS (MRT)
A. Fixed Remuneration 2024 2023
1. Cash (Rp million) 117,442 98,134
2. Shares/Share-based instruments issued by the Bank (Rp million) - -
2024 2023
B. Variable Remuneration
Non-Deferred Deferred Non-Deferred Deferred
1. Cash (Rp million) 85,658 27,649 80,938 18,120
2. Shares/Share-based instruments issued by the Bank (Rp million) 90,469 4,479 - 10,254
QUANTITATIVE INFORMATION FOR PARTIES CATEGORIZED AS MRT
2024 2023
Total Reduction during Reporting Period Total Reduction during Reporting Period
Type of Variable
Remuneration Remaining Remaining
Deferred Due to Due to Deferred Due to Due to
Amount Explicit Implicit Total Amount Explicit Implicit Total
Adjustment Adjustment (A+B) Adjustment Adjustment (A+B)
(A) (B) (A) (B)
1. Cash 31,424 19,418 1,315 - 1,315
- - -
(Rp million)
2. Shares/stock-based 4,603,525 7,747,193 177,170 - Rp920
instrument issued shares shares shares
by the Bank (in (Rp12,623) (Rp18,355) (Rp920)
shares and millions - - -
of Rupiah, which is
conversion from the
shares)
Total (Rp Million) 44,047 - - - 37,773 2,235 - 2,235
Note: Explicit adjustment was due to malus and resignation of employment (MRT) during the reporting period while the implicit adjustment was caused by decrease in the
share price.
TOTAL SEVERANCE PROVIDED FOR EMPLOYEES AFFECTED BY TERMINATION AND THE TOTAL AMOUNT PAID
Number of Employees
Severance Paid per Employee within 1 (one) Year
2024 2023
Above Rp1 billion 3 -
Above Rp500 million to Rp1 billion 10 1
Below Rp500 million 62 25
Ultimate and Controlling Shareholders
Information on Ultimate Shareholders and Controlling Shareholders is presented in the Company Profile Chapter of this
Annual Report.
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Affiliated Relationships of The Board of
Commissioners, Sharia Supervisory Board,
Board of Directors and Controlling Shareholders
The majority of members of the Board of Commissioners, Sharia Supervisory Board, and Board of Directors of CIMB Niaga
have no affiliation, either family up to second degree or financial, with fellow members of the Board of Commissioners,
Sharia Supervisory Board, Board of Directors, or Controlling Shareholders. Furthermore, less than 50% (fifty percent) of
members of the Bank’s Board of Commissioners, namely Non-Independent Commissioners, have affiliation in the form of
a financial relationship with the Bank’s Controlling Shareholders. However, the entire affiliation of members of the Board
of Commissioners, Sharia Supervisory Board, and Board of Directors remains in compliance with applicable regulations.
BOARD OF COMMISSIONERS
AFFILIATED RELATIONSHIP WITH FELLOW MEMBERS OF THE BOARD OF COMMISSIONERS, MEMBERS
OF THE SHARIA SUPERVISORY BOARD, MEMBERS OF THE BOARD DIRECTORS, AND CONTROLLING
SHAREHOLDERS
Family Relationship up to the Second Degree with Financial Relationship with
Sharia Sharia
Board of Board of Controlling Board of Board of Controlling
Name Position Supervisory Supervisory
Commissioners Directors Shareholders Commissioners Directors Shareholders
Board Board
Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No
Didi President - √ - √ - √ - √ - √ - √ - √ √ -
Syafruddin Commissioner
Yahya
Glenn M. S. Vice President - √ - √ - √ - √ - √ - √ - √ - √
Yusuf Commissioner
(Independent)
Sri Widowati Independent - √ - √ - √ - √ - √ - √ - √ - √
Commissioner
Vera Commissioner - √ - √ - √ - √ - √ - √ - √ √ -
Handajani
Farina J. Independent - √ - √ - √ - √ - √ - √ - √ - √
Situmorang Commissioner
Dody Budi Independent - √ - √ - √ - √ - √ - √ - √ - √
Waluyo* Commissioner
Novan Commissioner - √ - √ - √ - √ - √ - √ - √ √ -
Amirudin**
*
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024.
**
Appointed at the EGMS on 25 October 2024 and effective on 26 February 2025.
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BOARD OF DIRECTORS
AFFILIATED RELATIONSHIP WITH FELLOW MEMBERS OF THE BOARD OF DIRECTORS, MEMBERS OF THE
BOARD OF COMMISSIONERS, MEMBERS OF THE SHARIA SUPERVISORY BOARD, AND CONTROLLING
SHAREHOLDERS
Family Relationship up to the Second Degree with Financial Relationship with
Sharia Sharia
Board of Board of Controlling Board of Board of Controlling
Name Position Supervisory Supervisory
Commissioners Directors Shareholders Commissioners Directors Shareholders
Board Board
Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No
Lani President - √ - √ - √ - √ - √ - √ - √ - √
Darmawan Director
Lee Kai Strategy, - √ - √ - √ - √ - √ - √ - √ - √
Kwong Finance
& SPAPM
Director
John Simon Treasury - √ - √ - √ - √ - √ - √ - √ - √
& Capital
Market
Director
Fransiska Oei Compliance, - √ - √ - √ - √ - √ - √ - √ - √
Corporate
Affairs &
Legal Director
Pandji P. Sharia - √ - √ - √ - √ - √ - √ - √ - √
Djajanegara Banking
Director
Tjioe Mei Operations & - √ - √ - √ - √ - √ - √ - √ - √
Tjuen Information
Technology
Director
Henky Risk - √ - √ - √ - √ - √ - √ - √ - √
Sulistyo Management
Director
Joni Raini Human - √ - √ - √ - √ - √ - √ - √ - √
Resources
Director
Rusly Business - √ - √ - √ - √ - √ - √ - √ - √
Johannes Banking
Director
Noviady Consumer - √ - √ - √ - √ - √ - √ - √ - √
Wahyudi Banking
Director
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Committees at
the Board of Commissioners Level
In conducting supervision of the Bank’s performance, the Board of Commissioners is assisted by Committees at the
level of the Board of Commissioners. These committees carry out their duties and responsibilities according to the
Committee’s Charter, which are periodically prepared and reviewed based on applicable regulations in Indonesia as well
as best practices of governance implementation.
Committees at the level of the Board of Commissioners consist of the Audit Committee, Risk Oversight Committee,
Nomination and Remuneration Committee, and Integrated Governance Committee. Committees at the level of the Board
of Commissioners are chaired by an Independent Commissioner who has no financial, management, share ownership,
or familial relationships with other members of the Board of Commissioners, the Board of Directors, or the Controlling
Shareholder, or any other relationship with the Bank that could jeopardize their independence.
AUDIT COMMITTEE
The Audit Committee assists the Board of Commissioners AUDIT COMMITTEE CHARTER
in reviewing and clarifying financial information, selecting, The Audit Committee refers to the Audit Committee
appointing, and supervising the work of independent Charter in carrying its duties and responsibilities. The
auditors, and assessing the effectiveness of internal Charter is periodically reviewed and updated to align
audit functions and internal controls. Furthermore, the with applicable regulations and the Bank’s needs. The
Audit Committee also monitors the Bank’s compliance Audit Committee Charter was most recently updated on
with applicable regulations and laws. 17 December 2024 and has been uploaded to the CIMB
Niaga website. The Audit Committee Charter governs
LEGAL BASIS several aspects, including:
The Audit Committee was established based on the 1. Objectives
following regulations: 2. Composition, structure, term of office, and
1. Otoritas Jasa Keuangan (OJK) Regulation and Circular membership
Letter of OJK on Governance Implementation for 3. Membership requirements
Commercial Banks and Sharia Business Units, 4. Duties and responsibilities
Establishment and Implementation Guidelines for 5. Authority
Audit Committee, Implementation of Internal Audit 6. Procedures and implementation of the meeting
Functions in Commercial Banks, Board of Directors 7. Reporting
and Board of Commissioners of Issuers or Public 8. Complaints handling or reports in respect of alleged
Companies, Management of Information Technology violations related to financial reporting
by Commercial Banks, Implementation of Compliance 9. Ethics and Working Hours
Function in Commercial Banks, Use of Public
Accountant Services in Public Accounting Firms in TERM OF OFFICE
Financial Service Activities, Affiliated Transactions According to OJK Regulation No. 17 of 2023 and the Audit
and Certain Conflicts of Interest Transactions, as well Committee Charter, the Audit Committee’s term shall not
as Integrity of Bank Financial Reporting. exceed the term of office of the Board of Commissioners
2. Articles of Association of CIMB Niaga. and may be re-elected for 1 (one) subsequent term. Audit
3. Global Internal Audit Standards from The Institute of Committee members appointed during their Board of
Internal Auditors. Commissioners’ term shall end at the end of the current
4. ASEAN Corporate Governance Scorecard. Board of Commissioners’ term.
5. Corporate Policy Manual of CIMB Niaga.
6. CIMB Niaga’s Board of Commissioners Charter.
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AUDIT COMMITTEE MEMBERSHIP, STRUCTURE, AND COMPOSITION
As governed in the Audit Committee Charter, the number, composition, membership composition, and independence
of all members of the Audit Committee have met the applicable provisions. In 2024, the CIMB Niaga Audit Committee
consisted of 4 (four) members, comprising of 2 (two) Independent Commissioners, and 2 (two) Independent Parties with
expertise, competence, and qualifications in the fields of accounting, finance and banking, as follows:
MEMBERSHIP COMPOSITION OF THE AUDIT COMMITTEE IN 2024
No Name Position in Bank Position in Committee Term of Office
1 Dody Budi Waluyo *
Independent Commissioner Chairman 2024 – 2027
2 Glenn M. S. Yusuf Vice President Commissioner (Independent) Member 2024 – 2027
3 Endang Kussulanjari S. Independent Party Member 2024 – 2027
4 Angelique Dewi Daryanto Independent Party Member 2022 - 2025
*
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024
PROFILE OF AUDIT COMMITTEE MEMBERS
Appointed for the first time as Chairman of the Audit Committee on 21 August 2024, concurrently serving
as Chairman of the Integrated Governance Committee and Member of the Risk Oversight Committee.
He also serves as an Independent Commissioner.
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis for Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated 18
Appointment April 2024
as Chairman of
Audit Committee
Dody Budi Waluyo
Chairman of Audit Committee
Appointed as Member of the Audit Committee on 21 October 2022, concurrently serves as Chairman of
the Risk Oversight Committee and Member of Nomination and Remuneration Committee.
He also serves as Vice President Commissioner (Independent).
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis for Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated
Appointment as 18 April 2024
Member of Audit
Committee
Glenn M. S. Yusuf
Member of Audit Committee
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Reappointed as Member of the Audit Committee effectively on 18 April 2024, and concurrently serving as
Member of the Integrated Governance Committee.
Educational • Master of Arts, University of Colorado Boulder, Colorado – USA (1987)
Background & • Bachelor of Economics, Universitas Gadjah Mada, Yogyakarta, Indonesia (1981)
Professional • Level 7 Risk Management Certification
Certifications
Work • Commissioner at PT Pefindo Biro Kredit (2016 – August 2022)
Experience • Deputy Commissioner of Internal Audit, Risk Management, and Quality Control
(AIMRPK) of Financial Services Authority (2015–2016)
• Deputy Commissioner of DKB2, Financial Services Authority (OJK) – Banking
Supervision Division (2014–2015)
• Assistant to the Governor of Bank Indonesia – Banking Supervision Division (May
– December 2013)
• From 1998 to 2013, she held various senior positions at Bank Indonesia, including
Head of Bank Supervision Section, Deputy Director of Banking Supervision 1, Deputy
Director of Banking Examination 1, Deputy Director of Banking Supervision 3, Head
of the Bank Indonesia Yogyakarta Office, Senior Principal Researcher of DPNP,
Endang Kussulanjari S. and Head of Banking Supervision Department 2. She is responsible for overseeing
Member of Audit Committee all bank activities, including finance and accounting, credit, risk management,
governance, and internally ensuring the quality control of bank supervision.
Age 68 years old Concurrent -
Positions
Gender Female
Shares Nil
Nationality Indonesia Ownership
Domicile Jakarta Affiliated Has no affiliated relationship with other Committee members, members of the
Relationship Board of Commissioners, members of the Board of Directors, or the Ultimate and
Controlling Shareholders.
Legal Basis for Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated 18
Appointment as April 2024.
Member of Audit
Committee
Appointed as Member of the Audit Committee since 21 October 2022 and concurrently serving as
Member of the Integrated Governance Committee and Member of the Risk Oversight Committee
Educational • Bachelor of Economics in Accounting, Universitas Trisakti, Indonesia
Background & • Certified Public Accountant (CPA) & Chartered Accountant (CA) Indonesia.
Professional • Level 7 Risk Management Certification
Certifications
Work • Worked at PricewaterhouseCoopers (PwC) Indonesia for over 27 years (1994–
Experiences 2021) and served as a Partner at PwC Indonesia in the Assurance Division –
Financial Services Group for the last 15 years (2006–2021)
• Previously appointed as the Public Accountant responsible for auditing the
Financial Statement of CIMB Niaga (2017–2019)
Concurrent • Audit Committee Member at PT Honest Financial Technologies (2022 – present)
Positions • Audit Committee Member at PT Asuransi Allianz Life Syariah Indonesia (2023 –
present)
• Audit Committee Member at PT Asuransi Allianz Life Indonesia (2024 – present)
• Audit Committee Member at PT Asuransi Allianz Utama Indonesia (2024 –
Angelique Dewi Daryanto present)
Member of Audit Committee Shares Nil
Ownership
Age 53 years old Affiliated Has no affiliated relationship with other Committee members, members of the
Relationship Board of Commissioners, members of the Board of Directors, or the Ultimate and
Gender Female
Controlling Shareholders.
Nationality Indonesia Legal Basis for Circular Resolution of the Board of Directors No. 005/SIR/DIR/X/2022 dated 21
Appointment as October 2022.
Domicile Jakarta
Member of Audit
Committee
TRAINING FOR MEMBERS OF THE AUDIT COMMITTEE
Data on the training of Audit Committee members in 2024 is listed in the Company Profile Chapter of this Annual Report.
INDEPENDENCE STATEMENT OF THE AUDIT COMMITTEE
The Audit Committee of CIMB Niaga consistently carries out its duties, responsibilities, and authorities in a professional
and independent manner with no interference from any party that is not in accordance with the laws and regulations. All
members of the Audit Committee state that they have met all independence criteria and are able to perform their duties
independently, uphold the interests of the Bank and cannot be influenced by any party. This statement is supported by
the membership composition of the CIMB Niaga Audit Committee who are all independent and consist of 1 (one) chairman
concurrently as a member who is an Independent Commissioner, 1 (one) member who is an Independent Commissioner,
and 2 (two) non-Commissioner members as Independent Parties.
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INDEPENDENCY OF AUDIT COMMITTEE MEMBERS AS OF DECEMBER 2024
Dody Budi Glenn M. S. Endang Angelique
Independency Aspects
Waluyo Yusuf Kussulanjari S. Dewi Daryanto
Has no financial relationships with the Board of Commissioners and Yes Yes Yes Yes
Board of Directors
Has no management relationship with the Bank, its subsidiaries, or Yes Yes Yes Yes
the Bank’s affiliated companies
Has no shareholding relationship with the Bank Yes Yes Yes Yes
Has no family relationship up to second degree with the Board of Yes Yes Yes Yes
Commissioners, the Board of Directors, and/or fellow members of
the Audit Committee
Does not serve as an official of a political party, government official, Yes Yes Yes Yes
or government administrator.
DUTIES, RESPONSIBILITIES, AND AUTHORITY e. Ensuring coordination if more than one PA is
The following are the duties and responsibilities of the assigned.
Audit Committee: 6. In relation to the functional accountability of Internal
1. Reviewing financial information to be disclosed by Audit to the Audit Committee, the Audit Committee is
CIMB Niaga to the public and/or authorities, including responsible for the following:
financial statements, projections, and other reports a. Providing recommendations in the forms of approval
related to the Bank’s financial information. or refusal to the Board of Commissioners regarding
2. Monitoring and evaluating the implementation of the appointment, dismissal, as well as performance
internal policies and procedures in the Bank’s financial assessment of the Chief Audit Executive.
reporting process and the conformity of financial b. Reviewing, monitoring, and evaluating audit
reports with financial accounting standards and plans and the effectiveness of audit execution,
OJK regulations regarding the recording of financial as well as monitoring follow-up on audit results
transactions. The results of this monitoring and (related to both information technology and non-
evaluation are used to provide recommendations to information technology) to assess the adequacy
the Board of Commissioners to ensure integrity in the of internal controls, including the sufficiency of
financial reporting process at the Bank. financial reporting processes.
3. Reviewing compliance with laws and regulations c. Assisting the Board of Commissioners in ensuring
related to the Bank’s activities. that the Board of Directors develops and maintains
4. Providing independent opinions in case of an adequate, effective, and efficient internal
disagreements between management and the control system.
accountant regarding the services provided. d. Assisting the Board of Commissioners in reviewing
5. Assisting the Board of Commissioners in actively the effectiveness and efficiency of the internal
supervising the activities of external auditors by: control system based on information obtained
a. Provide recommendations to the Board of from the Internal Audit at least once a year.
Commissioners regarding the appointment and/or e. Providing recommendations to the Board of
replacement of Public Accountants (PA) and Public Commissioners regarding the preparation of the
Accounting Firms (PAF) based on and not limited to internal audit plan, scope, and budget.
independence and insiders; scope of assignment; f. Signing special reports on any Internal Audit’s
fees; expertise and experience; audit methods, findings that could be detrimental to the
techniques, and tools used; fresh eye perspective Bank’s business continuity, and reports on the
benefits obtained from the replacement of PA/PAF, implementation and key findings of Internal Audit,
risk potentials of using the same PAF consecutivey which will be submitted to the OJK.
for a long period of time, and performance evaluation g. Providing recommendations to the Board of
results of PA and PAF in the previous periods. Commissioners for the approval of the Internal
b. Discussing the audit plan, including the nature Audit Charter.
and scope of the audit. h. Providing recommendations to the Board of
c. Reviewing the adequacy of audits by the PAF by Commissioners for the appointment of an
considering all significant risks. independent quality control reviewer from an
d. Monitorinig and evaluating the implementation external party to conduct a review of the Internal
of annual audit services for historical financial Audit’s performance.
information by the PA and/or PAF, including i. Ensuring that the Internal Audit communicates with
conformity with applicable financial accounting the Board of Directors, the Board of Commissioners,
standards, adequacy of fieldwork, assessment of the Sharia Supervisory Board, the external auditors,
scope of services provided, sufficiency of sampling and OJK.
test, and recommendations for improvement.
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j. Ensuring that the Internal Audit is responsible 12. The Chairman and members of the Audit Committee
for submitting audit findings related to the conduct a collective performance assessment of the
implementation of compliance with sharia Audit Committee, as well as individual assessments
principles to the Board of Directors, Board of of each member and the Committee Chairman, with
Commissioners, and the Sharia Supervisory Board the criteria and assessment processes as set out in
(SSB) with a copy to the Director in charge of the the attachment to the Nomination and Remuneration
compliance function. Committee Charter.
k. Ensuring that the Internal Audit works 13. The Chairman of the Audit Committee is responsible
independently. for coordinating all Audit Committee activities to
l. Reviewing the performance strategies and fulfill the Committee’s objectives in accordance with
objectives of the Internal Audit. the objectives of its establishment, including being
m. Providing recommendations to the Board of responsible for the following matters:
Commissioners regarding the overall annual a. Determining annual work plan;
remuneration and performance recognition for b. Scheduling annual meeting;
the Internal Audit. c. Preparing periodic reports on the Committee’s
n. Ensuring that the Internal Audit upholds integrity activities and matters deemed necessary to bring
in carrying out its duties. to the attention of the Board of Commissioners;
o. Assisting the Board of Commissioners in ensuring that d. Conducting a Self-Assessment on the
internal audit at subsidiary companies is conducted effectiveness of the Audit Committee’s activities;
based on audit standards applicable to the Bank. e. Appointing member of Audit Committee from
p. Reviewing audit reports and ensuring that the outside the Board of Commissioners or appointing
Board of Directors takes prompt corrective action other third party as the Committee’s secretary to
to address control weaknesses, fraud, compliance record committee meetings and prepare Meeting
issues with policies, laws, and regulations, or other Minutes.
issues identified and reported by the Internal Audit, 14. Assisting the Board of Commissioners in ensuring that
external auditors, and any recommendations from the Board of Directors implements sustainability at the
the regulator. Bank.
7. Reviewing and reporting to the Board of Commissioners
on complaints related to the Bank’s accounting and The Audit Committee is authorized to:
financial reporting processes, including in cases 1. Access necessary documents, data, and information
where there are allegations of errors in the decisions about the Bank, its employees, funds, assets, and
of Board of Directors meetings or deviations in the resources.
implementation of the results of the Board of Directors’ 2. Communicate directly with Bank employees, including
resolutionss. If necessary, the Audit Committee can Directors and/or Senior Executives/Officers, and
conduct the audit either independently or by assigning individuals responsible for internal audit, risk
a third party. The report must be submitted to the management, and accountants related to the Audit
Board of Commissioners no later than 2 (two) working Committee’s duties and responsibilities.
days after the completion of the report. 3. Involve independent parties outside the Audit
8. Reviewing and providing advice and recommendations Committee as needed to assist in the performance of
to the Board of Commissioners regarding plans for its duties (if necessary).
material affiliated transactions and potential conflicts 4. Exercise other authorities granted by the Board of
of interest presented by the Management to the Audit Commissioners.
Committee.
9. Assisting the Board of Commissioners in actively MEETINGS AND ATTENDANCE OF AUDIT
supervising the compliance function by: COMMITTEE
a. Evaluating the implementation of the Bank’s The policy on the implementation of the Audit Committee
Compliance Function against internal regulations Meeting refers to the Audit Committee Charter and POJK
and regulations related to the Bank’s activities at No. 17 of 2023, namely held at least 1 (one) time in 1 (one)
least twice a year. month. The Audit Committee is required to hold meetings
b. Providing advice to improve the quality of the that are attended in person at least 2 (two) times a year.
implementation of the Bank’s Compliance Function.
10. Assisting the Board of Commissioners in actively A meeting can only be held if attended by at least 51%
supervising the implementation of the anti-fraud (fifty-one percent) of the total members, including
strategy by reviewing the Anti-fraud Strategy Independent Commissioners and Independent Parties. In
Implementation Report submitted by the Anti-Fraud line with the implementation of HyWork (Hybrid Working,
Management unit. Happy Working) at the Bank, Audit Committee meetings
11. Maintaining the confidentiality of the Bank’s in 2024 were conducted physically, virtually, or in hybrid
documents, data, and information. (physically and virtually).
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In 2024, the Audit Committee held 14 (fourteen) meetings, one of which also invited members of the Sharia Supervisory
Board spesifically for discussion related to Sharia Principles, including 1 (one) special joint meeting with the Audit
Committee of CIMB Group Holdings Berhad (CIMBGH) and CIMB Banking Group (CIMBG).
MEMBER ATTENDANCE AT THE AUDIT COMMITTEE MEETINGS FOR JANUARY – DECEMBER 2024
Attendance in Attendance via
Physical Average
Name Audit Committee Teleconference or Attendance Rate
Attendance Attendance Rate
Meetings Telepresence
Dody Budi Waluyo* 4 3 1 80%
Glenn M. S. Yusuf **
14 12 2 100%
Endang Kussulanjari S. 14 13 1 100%
96.6%
Angelique Dewi Daryanto 14 13 1 100%
Jeffrey Kairupan*** 4 4 - 100%
Riatu Mariatul Qibthiyyah*** 4 4 - 100%
*
Effectively serves as of 21 August 2024. Attendance at meetings held prior to 21 August 2024 is an invitation to the meeting and not counted as attendance at the
meeting.
**
Temporarily serving as Chairman of the Audit Committee, starting from the closing of the AGMS on 3 April 2024 until the effective appointment of Dody Budi Waluyo
as Chairman of the Audit Committee on 21 August 2024.
***
His term of office ends at the AGMS on 3 April 2024.
MEETING AGENDA OF THE AUDIT c. Discuss new regulations and their impact on the
COMMITTEE Bank.
Throughout 2024, the Audit Committee meetings d. Discuss the implementation of the Bank’s
discussed the following agenda: sustainability and Anti-Bribery & Corruption
1. Meeting with the Finance Director and executive programs.
officers to: 4. Meeting with the Anti-Fraud Management (AFM) unit
a. Reviewing financial statements, including to discuss the implementation of anti-fraud strategies
presentation and disclosure in financial through 4 (four) interrelated anti-fraud pillars:
statements, accounting treatment and policy, and prevention, detection, monitoring, and investigation.
compliance with generally applicable accounting 5. Meeting with the Anti Money Laundering (AML) unit
principles. to discuss AML activities and programs.
b. Reviewing the financial performance and the 6. Meeting with public accountants to discuss audit
adequacy of published financial reports and plans, audit scope, audit findings, audit result
reporting to authorities. recommendations, and management letters that have
c. Providing recommendations to the Board of been submitted.
Commissioners regarding the appointment of 7. Meeting with Directors and related work units
Public Accountants and/or Public Accounting to obtain the latest information on Information
Firms. Technology, including IT security and cybersecurity,
d. Discuss recommendations and progress of follow- IT governance, as well as data protection and
up actions from the external auditor’s audit governance.
findings. 8. Meeting with Directors and related work units to
e. Discuss asset quality related to credit quality. obtain the latest information on the Economy &
2. Meeting with the Chief Audit Executive to: Market Outlook, to ensure the adequacy of the
a. Discuss audit plans, scope, and audit findings, internal control system, including in the management
follow-up on audit recommendation progress, and of non-performing loans, EBB, Commercial Banking,
the adequacy of the internal control system. Sharia Banking, as well as the status of important
b. Discuss the performance of the Internal Audit projects in 2024.
Unit, including the process and results of the
Quality Assurance Review. REPORT ON THE IMPLEMENTATION OF
3. Meeting with the Compliance Director to: DUTIES OF THE AUDIT COMMITTEE IN 2024
a. Discuss recommendations and progress of follow- During 2024, the report on the implementation of the
up actions from the audit findings of OJK and Bank Audit Committee’s duties, which includes the activities
Indonesia. and resulting recommendations, is as follows:
b. Discuss the risk of compliance and penalties from 1. Conducting a review of the accountability and
Bank Indonesia. In addition, experiences that transparency of financial statements.
can be learned from existing cases have been
discussed.
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2. Conducting a review of asset quality, challenges in According to the Audit Committee, CIMB Niaga has a
balancing loan growth and credit quality, and the sound internal control and risk management system in
continued macroeconomic volatility. place, which includes tools for anticipating and managing
3. Conducting a review on the resilience of the Bank’s risks, taking into account changes in the risk profile
compliance and control structure (including due to changes in business strategy, external factors,
Environmental Social Governance). and regulatory requirements. This is also evident in the
4. Conducting a review of the effectiveness of fraud effectiveness of internal control and risk management
prevention, detection, and investigation. functions, such as the internal audit, compliance, financial
5. Conducting studies related to cybersecurity & control, and operational control functions.
resilience as well as data governance and protection.
6. Controls related to business growth and strategy. WORK PLAN IN 2025
The Audit Committee has established a work plan with
AUDIT COMMITTEE STATEMENT ON THE strategic priorities on several matters, including the
ADEQUACY OF INTERNAL CONTROL SYSTEM following:
AND RISK MANAGEMENT SYSTEM 1. Conducting a review of the accountability and
Throughout 2024, the Audit Committee has carried out transparency of financial statements.
its duties and responsibilities, including conducting 2. Examining the quality of assets, challenges in
an in-depth evaluation of critical aspects of the Bank’s balancing loan growth and credit quality, as well as
management related to the internal control system and the ongoing macroeconomic volatility.
risk management system. Furthermore, through the 3. Conducting a review of the resilience of the Bank’s
evaluation that has been carried out, the Audit Committee compliance and control structure (including
also saw and stated that the internal control system and Environmental Social Governance).
risk management system implemented by CIMB Niaga 4. Evaluating the effectiveness of fraud prevention,
in 2024 have been running effectively, adequately and detection, and investigation.
are able to manage business risks and opportunities in 5. Reviewing cyber security and resilience, as well as
order to support the Bank in achieving its business goals data governance and protection.
without sacrificing financial performance, compliance 6. Control aspects related to business growth and
and/or reputation. strategy.
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REMUNERATION OF MEMBERS OF THE AUDIT COMMITTEE
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED
Amount Received by Members of the Audit Committee in 1 year
Type of Remuneration and other Facilities 2024 2023
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other monetary benefits) 6 13,129 5 11,277
Other benefits in in-kind form (housing, transportation, health - -
- -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 3 165 2 97
Total 6 13,294 5 11,374
- Including Committee member who has just served or resigned in the respective year.
- Bank records in-kind remuneration since 2022.
Number of Members of the Audit Committee
Remuneration per Person
2024 2023
Above Rp5 billion 1 -
Above Rp2 billion to Rp5 billion 1 2
Above Rp1 billion to Rp2 billion 3 3
Above Rp500 million to Rp1 billion - -
Below Rp500 million 1 -
Including Committee member who has just served or resigned in the respective year.
2. VARIABLE REMUNERATION FOR MEMBERS OF THE AUDIT COMMITTEE
Amount Received by Members of the Audit Committee in 1 year
Variable Remuneration* 2024 2023
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*
Performance and risk-based remuneration (such as tantiem/bonuses).
None of the members of the Audit Committee of CIMB Niaga received any variable remuneration (share or bonus, both
performance-based, and non-performance based, as well as stock option).
Dody Budi Waluyo
Chairman of Audit Committee
Glenn M. S. Yusuf Endang Kussulanjari S. Angelique Dewi Daryanto
Member of Audit Committee Member of Audit Committee Member of Audit Committee
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RISK OVERSIGHT COMMITTEE
The Risk Oversight Committee (ROC) supports the The ROC Charter consists of the following:
implementation of the roles and responsibilities 1. Objectives
of the Board of Commissioners in overseeing the 2. Membership (Composition, Membership
implementation of risk management and ensures that Requirements, Independency, and Term of Office)
the Bank’s risk management implementation continues 3. Roles and Responsibilities
to meet the elements of the adequate risk management 4. Authority
procedures and methodologies, as well as sound banking 5. Meeting Procedures
practices. The establishment of the ROC is expected to 6. Ethics and Work Time
maintain and control the Bank’s business activities within 7. Reporting
limits, acceptable and sustainable levels of profits, and
the establishment of a strong risk management culture. TERM OF OFFICE
The term of office of members of the ROC appointed
LEGAL BASIS during the ongoing period of the Board of Commissioners’
The establishment of CIMB Niaga’s ROC is based on the terms shall end at the end of the term of office of the Board
following regulations: of Commissioners. The ROC’s term of office shall not
1. OJK Regulation and OJK Circular Letters on Good exceed the term of office of the Board of Commissioners,
Corporate Governance for Commercial Banks. as stipulated in the Articles of Association and the ROC
2. The Bank’s Articles of Association. Charter, and may be re-appointed.
3. Corporate Policy Manual of CIMB Niaga.
RISK OVERSIGHT COMMITTEE MEMBERSHIP,
RISK OVERSIGHT COMMITTEE CHARTER STRUCTURE, AND COMPOSITION
CIMB Niaga’s ROC has established a Charter that As of 31 December 2024, ROC membership consisted of
outlines, among others, the membership structure, roles 7 (seven) members, comprising of 3 (three) Independent
and responsibilities, authority, activities and meeting Commissioners, 2 (two) Commissioners, and 2 (two)
procedures to support the effectiveness of the committee Independent Parties with expertise, competence,
in carrying out its functions. Periodically, the ROC Charter and qualifications in the fields of finance and risk
is reviewed to align with applicable regulations and the management, as follows:
Bank’s needs. The charter was most recently updated on
25 July 2024 and has been uploaded to the Bank’s website.
MEMBERSHIP COMPOSITION OF THE RISK OVERSIGHT COMMITTEE IN 2024
No Name Position in Bank Position on Committee Term of Office
1 Glenn M. S. Yusuf Vice President Commissioner (Independent) Chairman 2024-2027
2 Didi Syafruddin Yahya President Commissioner Member 2023-2026
3 Vera Handajani Commissioner Member 2021-2025
4 Farina J. Situmorang *
Independent Commissioner Member 2023-2026
5 Ronald T. A. Kasim Independent Party Member 2024-2027
6 Dody Budi Waluyo** Independent Commissioner Member 2024-2027
7 Angelique Dewi Daryanto ***
Independent Party Member 2024-2025
*
Effectively serves as of 25 January 2024.
**
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024.
***
Effectively serves as of 26 August 2024.
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PROFILE OF RISK OVERSIGHT COMMITTEE MEMBERS
Appointed as Chairman of the ROC effective as of 6 October 2020, after previously being a Member
of the ROC as of 16 September 2020 and concurrently serving as a Member of the Nomination and
Remuneration Committee and Member of the Audit Committee. Reappointment as Chairman of the ROC
on 18 April 2024.
He also serves as Vice President Commissioner (Independent).
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated
Appointment 18 April 2024.
as Chairman of
ROC
Glenn M. S. Yusuf
Chairman of Risk Oversight Committee
Appointed as Member of the ROC effective as of 26 November 2019 and reappointed for the same
position effectively as of 10 April 2023, and concurrently serving as a Member of the Nomination and
Remuneration Committee.
He also serves as President Commissioner.
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Circular Resolution of the Board of Directors No. 004/SIR/DIR/VIII/2023 dated
Appointment as 9 August 2023.
Member of ROC
Didi Syafruddin Yahya
Member of Risk Oversight Committee
Appointed as Member of the ROC effectively as of 25 January 2022.
She also serves as Commissioner.
Her complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Circular Resolution of the Board of Directors No. 001/SIR/DIR/I/2022 dated
Appointment as 25 January 2022.
Member of ROC
Vera Handajani
Member of Risk Oversight Committee
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Appointed as Member of the ROC effectively as of 25 January 2024.
She also serves as Independent Commissioner.
Her complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Circular Resolution of the Board of Directors No. 004/SIR/DIR/VIII/2023 dated
Appointment as 9 August 2023.
Member of ROC
Farina J. Situmorang
Member of Risk Oversight Committee
Appointed as Member of the ROC effective as of 20 January 2023 and reappointed for the same position
effectively as of 18 April 2024.
Educational • Doctor of Philosophy (PhD) in Leadership and Policy Innovation from Gadjah
Background & Mada University – Yogyakarta, Indonesia (2019)
Professional • Master of Business Administration (MBA) – Business Administration &
Certifications Management from Creighton University-Omaha, Nebraska, USA (1994)
• Bachelor of Science in Business Administration, majoring in Finance (BSBA) from
Creighton University – Omaha, Nebraska, USA (1992)
• Chartered Financial Analyst (CFA)
• Level 7 Risk Management Certification
Work • President Commissioner at PT Bangun Percaya Sosial –Jakarta, Indonesia (2022-2023)
Experiences • Chief Advisor at PT Advance Intelligence Indonesia – Jakarta, Indonesia (2019-2023)
• Country Director at PT Trusting Social Indonesia – Jakarta, Indonesia (2017-2020)
• Director at PT Trust Teknologi Finansial (TrustIQ) – Jakarta, Indonesia (2018-2019)
• President Director at PT Pefindo Biro Kredit (PBK) – Jakarta, Indonesia (2015-2017)
• President Director at PT Pemeringkat Efek Indonesia (PEFINDO) – Jakarta,
Indonesia (2010-2015)
Ronald T. A. Kasim • Senior Vice President – Strategic Information Management at PT Permata Bank
Member of Risk Oversight Committee Tbk – Jakarta, Indonesia (2009-2010)
• Project Manager – Risk Management Products at Fermat (a business unit of
Age 57 years old Moody’s Investors Service) – Paris, Dubai, Singapore (2007-2009)
• Senior Risk Management Consultant – Banking Risk Product at IPS-Sendero (a
Gender Male business unit of Fiserv, Inc.) – Scottsdale, AZ, USA (2004-2007)
• Finance Officer and Head of Financial Strategic Group (including responsibility for
Nationality Indonesia accounting) at First National Capital Markets, Inc. – Omaha, NE, USA (2001 – 2004)
• Lead Financial Analyst of Asset-Liability Management Group at First National
Domicile Jakarta
Bank of Omaha – Omaha, NE, USA (1999 – 2001)
• Head of Financial Institution Ratings Division at PT Pemeringkat Efek Indonesia
(PEFINDO) – Jakarta, Indonesia (1994 – 1998)
Concurrent • President Commissioner at PT Kredit Biro Indonesia Jaya – Jakarta, Indonesia
Positions (2022-present)
• Independent Commissioner at PT Atome Finance Indonesia – Jakarta, Indonesia
(2022-present)
• President Director at PT. Kredit Pintar Indonesia – Jakarta, Indonesia
(2024-present)
Shares Nil
Ownership
Affiliated Has no affiliated relationship with fellow Committee members, members of the Board
Relationship of Commissioners, Board of Directors, or the Ultimate and Controlling Shareholders.
Legal Basis of Circular Resolution of the Board of Directors No.002/SIR/DIR/IV/2024 dated 18 April
Appointment as 2024.
Member of ROC
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Appointed as Member of the ROC effectively as of 21 August 2024 and concurrently serving as Chairman
of the Audit Committee and Chairman of the Integrated Governance Committee.
He also serves as Independent Commissioner.
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated
Appointment as 18 April 2024.
Member of ROC
Dody Budi Waluyo
Member of Risk Oversight Committee
Appointed as Member of the ROC effectively as of 26 August 2024 and concurrently serving as Member
of the Audit Committee and Member of the Integrated Governance Committee.
Her complete profile is presented in the Profile of the Audit Committee.
Legal Basis of Circular Resolution of the Board of Directors No. 005/SIR/DIR/VIII/2024 dated 26
Appointment as August 2024
Member of ROC
Angelique Dewi Daryanto
Member of Risk Oversight Committee
TRAINING FOR MEMBERS OF THE RISK DUTIES, RESPONSIBILITIES, AND AUTHORITY
OVERSIGHT COMMITTEE CIMB Niaga’s ROC has the main roles, responsibilities,
Information about the training programs attended by and authority to provide recommendations in relation to:
members of the ROC in 2024 is presented in the Company 1. Evaluate the suitability of risk management policies to
Profile Chapter of this Annual Report. the implementation of related policies;
2. Monitor and evaluate the implementation of roles of the
INDEPENDENCE STATEMENT OF THE RISK Risk Management Committee and Risk Management
OVERSIGHT COMMITTEE Unit;
CIMB Niaga’s ROC always performs its roles, 3. Monitoring and maintaining the Bank’s soundness level;
responsibilities, and authority in a professional and 4. Monitor the implementation and management of the
independent manner, without interference from any party Bank’s general risks, integrated risks, climate-related
who is not in compliance with the statutory regulations. risks, country and transfer risks, as well as other specific
All members of the ROC declare that they have met risks;
all independence criteria and are capable of carrying 5. Monitor the implementation and management of legal,
out their roles independently, upholding the Bank’s compliance, strategic, reputation, information technology,
interests, and unable to be influenced by any party. This and cyber security risks, as well as the management of
statement is supported by the membership composition capital level.
of the ROC, which includes 1 (one) Chairman who is an
Independent Commissioner, 2 (two) members who are
Independent Commissioners, 2 (two) members who are
Commissioners, and 2 (two) non-Commissioner members
from the Independent Party.
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MEETINGS AND ATTENDANCE OF THE RISK OVERSIGHT COMMITTEE
ROC is required to hold a meeting at least once a month and attend in person at least twice a year. Meetings can only be
held if attended by at least 51% of the total members, including one Independent Commissioner and one Independent Party.
In 2024, the ROC held 12 (twelve) meetings, consisting of 2 (two) virtual meetings and 10 (ten) meetings in person, in
accordance with the implementation of HyWork (Hybrid Working, Happy Working) at the Bank.
MEMBER ATTENDANCE AT THE RISK OVERSIGHT COMMITTEE MEETINGS FOR JANUARY-DECEMBER 2024
Attendance via
Attendance in ROC Physical Average
Name Teleconference or Attendance Rate
Meetings Attendance Attendance Rate
Telepresence
Glenn M. S. Yusuf 12 9 3 100%
Didi Syafruddin Yahya 12 8 4 100%
Jeffrey Kairupan* 3 1 2 100%
Vera Handajani 9 6 3 75%
Sri Tuti Hadiputranto **
6 2 4 86% 94%
Ronald T. A. Kasim 11 7 4 92%
Farina J. Situmorang*** 11 6 5 100%
Dody Budi Waluyo ****
5 4 1 100%
Angelique Dewi Daryanto***** 5 2 3 100%
*
His term of office ends on 3 April 2024.
**
Effective resignation as of 17 August 2024.
***
Effectively serves as of 25 January 2024. Attendance at meetings held prior to 25 January 2024 is an invitation to the meeting and is not counted as attendance at the
meeting.
****
Effectively serves as of 21 August 2024. Attendance at meetings held prior to 21 August 2024 is an invitation to the meeting and is not counted as attendance at the meeting.
*****
Effectively serves as of 26 August 2024.
MEETING AGENDA OF aspects of risk management (Credit, Market,
THE RISK OVERSIGHT COMMITTEE Liquidity, Operations, and others).
In 2024, the ROC meetings discussed the following b. Provide recommendations to the Board of
agendas: Commissioners on matters relating to Risk
1. Agenda related to the governance of Risk Management: Management Policies of the Bank and in an
a. Monitor and evaluate the 2023 ROC Work Plan integrated manner, Non-Retail Credit, Liquidity
Realization and the 2024 ROC Work Plan. Risk, Interest Rate Risk in the Banking Book
b. Monitor and evaluate the 2023 Work Plan (IRRBB), Market Risk, and ICAAP.
Realization and the 2024 Work Plan of the Risk c. Review the implementation of risk management,
Management Committee/RMC. including: operational risk, reputation risk,
c. Monitor and evaluate the 2023 Work Plan compliance risk, legal risk, sustainability risk,
Realization and the 2024 Work Plan of the Risk technology risk, and strategic risk.
Management Unit. d. Discuss monthly Economic Outlook reports
d. Review and ratify the minutes of the Risk Oversight submitted by Bank Economist.
Committee meetings. e. Monitor and discuss Risk Hotspots & Emerging
2. Agenda related to capital and soundness level of the Risks, including the impact of fluctuating
Bank: macroeconomic and geopolitical conditions on the
a. Evaluating risk management related to capital, Bank’s performance.
including the implementation of Stress Tests f. Evaluate, direct, and monitor the Information
(Group-wide) and Internal Capital Adequacy Technology Strategy Plan and discuss the Bank’s
Assessment Process (ICAAP). capabilities and preparations for Cyber Security
b. Discuss mandatory reports to OJK - Banking and IT Resilience.
Supervisors, including Risk Profile Reports, Bank g. Monitor and discuss the realization of credit
Soundness Reports (both on a bank only and facilities for large group debtors, business units,
consolidated basis) and other reports. and related subsidiaries.
c. Discusses the Bank’s financial performance h. Monitor and discuss the results of the Credit
reports every quarter. Assurance Testing report.
3. Agenda related to risk profile of the Bank: i. Monitor and discuss the Bank’s critical events.
a. Monitor monthly risk management reports (Risk
Appetite Statement/Risk Report) covering several
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REPORT ON THE IMPLEMENTATION OF DUTIES portfolios in priority sectors and increasing the
OF THE RISK OVERSIGHT COMMITTEE IN 2024 Bank’s provision and capital positions, and (ii)
In 2024, there were 94 (ninety-four) work plan agendas determination and reporting of risk appetite
set from the beginning of the year and 14 (fourteen) matrices and their reporting for sustainability
additional agendas to ensure that the ROC meetings aspects, including climate risk to monitor the
discussed the latest and most relevant risk-related Bank’s exposure to carbon-intensive sectors.
topics in the Bank. The implementation of the ROC’s 3. Monitor the Bank’s credit risk by discussing:
roles includes activities and recommendations resulting, a. The status of asset quality for each loan segment
among others, for the 2024 financial year includes: to ensure each business unit has taken the
1. Review and submission of recommendations to the necessary measures to maintain and improve
Board of Commissioners on: the Bank’s asset quality to be in line with the
a. Risk management policies/frameworks and their established risk posture and risk appetite.
implementation by the Board of Directors in b. Business plans, strategies and realization of credit
relation to risk management; and facilities for large group debtors, business units,
b. Determination of risk appetite, including risk and related subsidiaries.
appetite statements and risk posture. c. The Credit Assurance Testing assessment results
2. Evaluate the performances of the Risk Management that are presented every 3 (three) months to
Committee and the Risk Management Unit, as well as improve the underwriting process.
the consistency between Risk Management policies 4. Evaluate measures on the Bank’s strategy and critical
and their implementation by discussing: event by discussing:
a. Risk Management strategies and policies for a. The most recent report on a number of cases
various aspects of risk, including Credit Risk, that occurred at the Bank in order to review and
Operational Risk, Liquidity Risk, Market Risk, improve the Bank’s strategy in responding to
Legal Risk, Compliance Risk, Reputation Risk, these cases.
Sustainability Risk, Country and Transfer b. Strategies for related business units to improve
Risk policies, Strategic Risk, and Information portfolio quality and/or business processes.
Technology Risk. c. Latest report on the development of the Sharia
b. Risk Management related to capital, including Spin Off strategy.
ICAAP and implementation of stress tests.
c. Internal reports that include the results of RISK OVERSIGHT COMMITTEE
monitoring on material & emerging risks, ASSESSMENT ON RISK MANAGEMENT
macroeconomic conditions, the Bank’s financial IMPLEMENTATION AT THE BANK
performance and risk indicators to ensure In 2024, the ROC evaluated the implementation of the
compliance with the Bank’s risk appetite. Bank’s risk management system and assessed that the
d. Mandatory reports to Bank supervisors consisting Bank’s risk management has been adequate and in line
of Risk Profile Reports, Bank Soundness Reports, with the Bank’s needs. CIMB Niaga’s ROC continues to
and other reports to ensure the appropriateness of actively manage its risk profile, through the monitoring
the submission of information to Bank supervisors of inherent risks and strengthening the quality of risk
regarding the risk conditions faced by the Bank. management, implementing GCG through various risk
e. Implementation of climate-related risk committees, maximizing added value for shareholders,
management, including (i) submission of climate managing capital in a comprehensive manner, and
scenario analysis (CSA) reports to see the impact ensuring profitability and sustainable business growth
of climate risk on the Bank’s credit and market to ensure that the Bank’s soundness level can always be
maintained.
WORK PLAN FOR 2025
In the future, ROC will continue to carry out its main roles
and responsibilities in order to support the effective
implementation of the Board of Commissioners’ risk
management roles and responsibilities. The ROC will
continue to be proactive in monitoring and raising the
latest risk-related issues, ensuring that it continually
remains relevant and up-to-date with the Bank’s risks.
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REMUNERATION OF MEMBERS OF THE RISK OVERSIGHT COMMITTEE
1. REMUNERATION PACKAGES AND OTHER FACILITIES RECEIVED
Amount Received by Members of the Risk Oversight Committee in 1 year
Type of Remuneration and Other Facilities 2024 2023
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other monetary benefits) 9 23,874 6 15,263
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 6 233 5 106
Total 9 24,107 6 15,370
- Including Committee member who has just served or resigned in the respective year.
- Bank records in-kind remuneration since 2022.
Number of Members of the Risk Oversight Committee
Remuneration Per Person
2024 2023
Above Rp5 billion 1 -
Above Rp2 billion to Rp5 billion 4 4
Above Rp1 billion to Rp2 billion 3 2
Above Rp500 million to Rp1 billion 1 -
Below Rp500 million - -
Including Committee member who has just served or resigned in the respective year.
2. VARIABLE REMUNERATION FOR MEMBERS OF THE RISK OVERSIGHT COMMITTEE
Amount Received by Members of the Risk Oversight Committee in 1 year
Variable Remuneration* 2024 2023
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*
Performance and risk-based remuneration (such as tantiem/bonuses).
None of the members of the Risk Oversight Committee of CIMB Niaga received any variable remuneration (share or
bonus, both performance based, and non-performance based, as well as stock option).
Glenn M. S. Yusuf
Chairman of Risk Oversight Committee
Didi Syafruddin Yahya Vera Handajani Dody Budi Waluyo
Member of Risk Oversight Committee Member of Risk Oversight Committee Member of Risk Oversight Committee
Farina J. Situmorang Angelique Dewi Daryanto Ronald T. A. Kasim
Member of Risk Oversight Committee Member of Risk Oversight Committee Member of Risk Oversight Committee
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NOMINATION AND REMUNERATION COMMITTEE
The Nomination and Remuneration Committee (NRC) The NRC charter governs various aspects regarding:
was established to assist the Board of Commissioners 1. Objective
in carrying out its duties and responsibilities related 2. Composition, structure, term of office, and
to providing recommendations on nominations and membership of the Committee
remuneration for members of the Board of Commissioners, 3. Membership requirements
Board of Directors, Sharia Supervisory Board, and 4. Duties and responsibilities
members of Committees at the Board of Commissioners 5. Authority
level, along with the overall framework for remuneration 6. Meeting protocols and procedures
of Executive Officers and Employees according to the 7. Ethics & Working Time
principles of Good Corporate Governance (GCG). 8. Working procedures
9. Reporting
LEGAL BASIS
The legal basis for the establishment of CIMB Niaga’s TERM OF OFFICE
NRC refers to the following regulations: The term of office of members of the NRC who are
1. OJK Regulation and Circular Letter related to the Bank’s appointed during the current term of office of the Board
GCG implementation, the Nomination and Remuneration of Commissioners will end simultaneously with the end
Committee, the Governance in Providing Remuneration, of the term of office of the Board of Commissioners. The
and the Prudential Principles of Commercial Banks that applicable provisions explain that the term of office of the
Outsource Part of Their Operations to Other Parties and NRC may not be longer than the term of office of the Board
the Board of Commissioners and Board of Directors of of Commissioners in accordance with OJK Regulation No.
Issuers or Public Companies. 34/POJK.04/2014 and the NRC Charter as well as allows
2. CIMB Niaga’s Articles of Association on the duties and for reappointment.
authorities of the Board of Commissioners.
3. CIMB Niaga’s Corporate Policy Manual. NOMINATION AND REMUNERATION
4. ASEAN Corporate Governance Scorecard. COMMITTEE MEMBERSHIP, STRUCTURE,
AND COMPOSITION
NOMINATION AND REMUNERATION CIMB Niaga’s NRC consists of 4 (four) members
COMMITTEE CHARTER consisting of 2 (two) Independent Commissioners,
The NRC operates under a charter that outlines 1 (one) Commissioner, and 1 (one) Bank’s Executive
its membership, structure, authority, duties and Officer who is in charge of Human Resources (HR). The
responsibilities, meetings, activities, and work procedures. number, composition, membership composition, and
This charter has been aligned with OJK Regulation No. independence of members of the NRC have met the
34/POJK.04/2014. To ensure compliance with applicable applicable provisions. Appointments, including dismissal
regulations and meet the Bank’s needs, the NRC Committee of members of the NRC, are carried out based on the
Charter undergoes regular reviews and updates. On 1 July decision of the Board of Commissioners; the decision
2024, the NRC Committee Charter was last updated and must be followed up by the Board of Directors by issuing
uploaded to the CIMB Niaga’s website. a letter of appointment or dismissal.
MEMBERSHIP COMPOSITION OF THE NOMINATION AND REMUNERATION COMMITTEE IN 2024
No. Name Position in Bank Position in Commitee Term of Office
1 Sri Widowati Independent Commissioner Chairwoman 2023 - 2026
2 Didi Syafruddin Yahya President Commissioner Member 2023 - 2026
3 Glenn M. S. Yusuf Vice President Commissioner (Independent) Member 2024 - 2027
4 Nora Joice Kimbal Head of HR Shared Services & MIS Member 2024 - 2027
(Executive Officer in charge of HR)
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PROFILE OF THE NOMINATION AND REMUNERATION COMMITTEE MEMBERS
Appointed as Chairwoman of the NRC effective 9 April 2020 and reappointed to the same position
effective 10 April 2023.
She also serves as the Independent Commissioner.
Her complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Circular Resolution of the Board of Directors No. 004/SIR/DIR/VIII/2023 dated
Appointment as 9 August 2023.
Chairwoman of
NRC
Sri Widowati
Chairwoman of the Nomination and
Remuneration Committee
Initially appointed as a Member of the Nomination and Remuneration Committee on 26 November 2019
and reappointed to the same position effective 10 April 2023, concurrently serving as a Member of the
Risk Oversight Committee.
He also serves as President Commissioner.
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Circular Resolution of the Board of Directors No. 004/SIR/DIR/VIII/2023 dated
Appointment as 9 August 2023.
Member of NRC
Didi Syafruddin Yahya
Member of Nomination and
Remuneration Committee
Appointed as Member of the Nomination and Remuneration Committee on 9 April 2020, effectively
serving as of 16 September 2020, reappointed for the same position effectively as of 3 April 2024, and
concurrently serving as Chairman of the Risk Oversight Committee and Member of the Audit Committee.
He also serves as Vice President Commissioner (Independent).
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated
Appointment as 18 April 2024.
Member of NRC
Glenn M. S. Yusuf
Member of Nomination and
Remuneration Committee
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Appointed as a Member of the Nomination and Remuneration Committee on 17 December 2021 and
reappointed to the same position effectively as of 18 April 2024.
She also serves as Head of HR Shared Services & MIS (Executive Officers in charge of HR).
Her complete profile is presented in the Profile of Senior Executives.
Certification • Level 5 Risk Management Certification
• Human Resources General Manager Competency Certification
Legal Basis of Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated
Appointment as 18 April 2024.
Member of NRC
Nora Joice Kimbal
Member of Nomination and
Remuneration Committee
TRAINING FOR MEMBERS OF THE b. In carrying out its nomination function, the
NOMINATION AND REMUNERATION Committee is required to perform the following
COMMITTEE procedures:
Data on the training of members of the NRC in 2024 is i. Prepare and provide recommendations on
presented in the Company Profile Chapter of this Annual the composition of members of the Board of
Report. Commissioners, Board of Directors, Sharia
Supervisory Board, and Committees of the
INDEPENDENCE STATEMENT OF THE Board of Commissioners to the Board of
NOMINATION AND REMUNERATION Commissioners, to be submitted to the General
COMMITTEE Meeting of Shareholders (GMS);
The NRC carries out its duties, responsibilities, and ii. Prepare and provide recommendations
authority, in a professional and independent manner, regarding the system and procedures for
without interference from any party that is not in selection and/or replacement, as well as the
accordance with laws and regulations. All members of the criteria required in the nomination process
NRC state that they have met all the independence criteria for candidates for members of the Board of
and are able to carry out their duties independently, uphold Commissioners and/or Board of Directors, and/
the interests of the Bank, and cannot be influenced by any or Sharia Supervisory Board to the Board of
party. This statement is supported by the composition of Commissioners, to be submitted to the GMS;
members of the NRC, where the majority of members of iii. Prepare the mechanisms and conduct
the NRC are Independent Commissioners of the Bank. performance evaluations of members of the
Board of Commissioners, Sharia Supervisory
DUTIES, RESPONSIBILITIES AND AUTHORITY Board, Board of Directors, and Committees of
The NRC has the duty and responsibility to assist the the Board of Commissioners;
Board of Commissioners in providing recommendations iv. Developing programs to develop the
related to nominations and remuneration, as follows: capabilities of the Board of Commissioners,
1. Related to the nomination function: Sharia Supervisory Board, Board of Directors,
a. Provide recommendations to the Board of and Committees of the Board of Commissioners;
Commissioners regarding: v. Identify and provide recommendations for
i. Composition of positions of members of the qualified candidates as members of the
Board of Commissioners, Sharia Supervisory Board of Commissioners, Sharia Supervisory
Board, and Board of Directors; Board, and Board of Directors to the Board of
ii. Policies and criteria required in the Commissioners to be submitted to the Otoritas
Nonomination process; Jasa Keuangan and submitted to the GMS;
iii. Performance evaluation policy for members Considerations made by the Committee in
of the Board of Directors and/or Board of providing recommendations include identifying
Commissioners, including Sharia Supervisory the suitability between the qualities of the
Board to the Board of Commissioners. candidate and the Bank’s vision, mission and
long-term strategy, as well as concern for the
principles/aspects of sustainability and the
results of the Sustainability Due Diligence (if any).
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c. Provide recommendations regarding Independent ii. The duties, responsibilities and authority of
Parties who will become members of Committees members of the Board of Commissioners,
of the Board of Commissioners. Sharia Supervisory Board, Board of Directors,
d. Provide recommendations on proposed and Committees of the Board of Commissioners
nominations for members of the Board of are linked to the achievement of the Bank’s
Commissioners, Sharia Supervisory Board, Board objectives and performance;
of Directors, and Committees of the Board of iii. The Bank’s performance targets or the
Commissioners from subsidiaries. performance of each member of the Board
2. Related to the remuneration function: of Commissioners, Sharia Supervisory
a. Implementing remuneration policies in accordance Board, Board of Directors, and Committees
with OJK Regulations on implementation of of the Board of Commissioners (including
governance in providing remuneration for sustainability-related performance, if any);
commercial banks and OJK Regulations on and
implementation of governance in providing iv. Balance of allowances between fixed and
remuneration for sharia commercial banks and variable benefits taking into account the
Sharia Business Unit; Bank’s long-term targets and strategies.
b. Conducting an evaluation of the remuneration policy h. Ensuring that the Bank’s remuneration policy
based on performance, fairness with peer group complies with the provisions.
risk, targets, and long-term strategies of the Bank, i. Conduct periodic evaluations on the
fulfillment of reserves as stipulated in laws and implementation of the Bank’s remuneration
regulations, and the Bank’s potential future income; policy.
c. Submit the evaluation results and recommendations j. Providing recommendations on the proposed
regarding the structure, policies and amount of remuneration of members of the Board of
Remuneration for the Board of Commissioners, Commissioners, Sharia Supervisory Board, Board
Sharia Supervisory Board, and Board of Directors of Directors and Committees of the Board of
to the Board of Commissioners, to be submitted to Commissioners of subsidiaries.
the GMS; 3. In the event that a Committee member has a conflict
d. Submit the evaluation results and of interest with the recommended proposal, the
recommendations regarding the overall proposal must disclose the conflict of interest as well
Remuneration policy for Executive Officers and as the considerations underlying the proposal.
employees, as well as Committees of the Board of 4. The Committee reviews, provides advice and
Commissioners, to the Board of Commissioners to recommendations to the Board of Commissioners
be submitted to the Board of Directors. on changes related to the remuneration and
e. Assist the Board of Commissioners in carrying compensation policies for the Board of Commissioners,
out performance assessments with regard to Sharia Supervisory Board, Board of Directors and
the conformity of the remuneration received by Committees of the Board of Commissioners.
each member of the Board of Commissioners,
Sharia Supervisory Board, Board of Directors, and MEETINGS AND ATTENDANCE OF THE
Committees of the Board of Commissioners. NOMINATION AND REMUNERATION
f. In carrying out the remuneration function, the COMMITTEE
Committee is required to carry out the following The NRC holds meetings according to the needs of the
procedures: Bank, or at least once every 3 (three) months, in line with
i. Preparing the structure, policies and amount the stipulations in the NRC Charter. The NRC Meeting can
of remuneration for members of the Board of only be held if attended by at least 2/3 (two-thirds) of the
Commissioners, Sharia Supervisory Board, total committee members, and 2 (two) members from the
Board of Directors, and Committees of the majority of the number of Committee members present
Board of Commissioners; are the Chairwoman of the Committee and Executive
ii. The structure, policies and amount of Officer.
remuneration must be evaluated at least once
a year; In line with the new way of working, namely HyWork
iii. The above remuneration structure can be in (Hybrid Working, Happy Working), which has been
the form of salary, honorarium, incentives and/ implemented at the Bank since 2021, the NRC held
or allowances which are fixed and/or variable. 7 (seven) meetings in 2024, of which 2 (two) were held
g. The preparation of the structure, policies and amount physically and 5 (five) were held virtually.
of remuneration must consider the following:
i. Remuneration applicable to the banking
industry and the scale of the Bank’s business
in the banking industry (peer group);
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MEMBER ATTENDANCE AT THE NOMINATION AND REMUNERATION COMMITTEE MEETINGS
FOR JANUARY-DECEMBER 2024
Attendance via
Attendance Average
Name Physical Attendance Teleconference or Attendance Rate
in NRC Meetings Attendance Rate
Telepresence
Sri Widowati 7 2 5 100%
Didi Syafruddin Yahya 7 2 5 100%
100%
Glenn M. S. Yusuf 7 2 5 100%
Nora Joice Kimbal 7 2 5 100%
MEETING AGENDA OF THE NOMINATION REPORT ON THE IMPLEMENTATION
AND REMUNERATION COMMITTEE OF DUTIES OF THE NOMINATION AND
During 2024, the NRC meetings have discussed various REMUNERATION COMMITTEE IN 2024
meeting agendas as follows: In 2024, the NRC carried out its duties and responsibilities,
as well as provided several recommendations, including
Agenda related to Nomination: the following:
1. Nomination and succession plan of the Board of 1. Carried out assessments and recommendations
Commissioners, Board of Directors, the Board on the nominated candidates for member of the
Management Committee (BMC), Sharia Supervisory Board of Commissioners/Sharia Supervisory Board/
Board, and Committee Members. Committees and/or Independent Parties as members
2. Nomination and succession plans of the Board of of the Committee to be submitted to the Board of
Commissioners and the Board of Directors of subsidiaries. Commissioners, to be subsequently proposed to the
3. Selection of nominations for candidates for the Board GMS.
of Commissioners and Board of Directors. 2. The Bank has used a third-party (search firm) service
4. Assessment of the effectiveness of the Board in the process of finding candidates for members of
of Commissioners, Sharia Supervisory Board, the Board of Commissioners and Board of Directors.
Board of Directors, and Committees under the 3. Reviewed and provided recommendations for the
Board of Commissioners, including the Board nominated candidates for members of the Board of
of Commissioners, the Board of Directors, and Directors for the Bank’s subsidiaries.
Committees of subsidiaries. 4. Continued the implementation of Talent Management,
Succession Plan, and Personal Development from the
Agenda related to Remuneration: Board of Directors to all employees.
1. Key Performance Indicator (KPI) achievement of the 5. Reviewed and provided recommendations on the
Bank & BMC in 2023. Board of Directors’ KPI framework.
2. 2024 KPI Performance Framework. 6. Reviewed and provided recommendations on
3. Performance Bonus Framework for 2024. the proposed remuneration of the Board of
4. 2024 KPI Achievement by quarter/semester. Commissioners, Board of Directors, Committees under
5. Annual Review related to bonus and salary increase in the Board of Commissioners, and Sharia Supervisory
2024. Board, as well as the remuneration policy framework
6. Material Risk Taker (MRT) Scheme. for Executive Officers and employees.
7. Remuneration of the Board of Commissioners, 7. Reviewed the Material Risk Taker (MRT) Scheme.
Board of Directors, and members of Committees 8. Reviewed the remuneration of the Board of
at the level of the Board of Commissioners, and Commissioners of subsidiaries.
the Sharia Supervisory Board, including the Board 9. Reviewed on the results of the organization’s health
of Commissioners and, the Board of Directors of level survey through the Organization Health Index
subsidiaries. (OHI) survey.
8. Talent Retention Program. 10. Reviewed initiatives/programs/implementations
related to the internalization of EPICC (Enabling talent,
Others: Passion, Integrity & Accountability, Collaboration,
1. Implementation of the Average Effective Tax Rate Customer Centricity) Company values as well as the
(TER) Regulation Diversity and Inclusion
2. 2023 Organization Health Index results 11. Recommended the implementation of an evaluation
3. Diversity & Inclusion of the effectiveness of the performance of the Board
4. People & Organization Risk Dashboard of Commissioners and Committees at the level of the
5. Update of the Arjuna application Board of Commissioners and Board of Directors, the
Sharia Supervisory Board, including subsidiaries.
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THE NOMINATION AND REMUNERATION 3. Evaluate the collegial and individual performance
COMMITTEE ASSESSMENT ON THE of members of the Board of Commissioners, Sharia
IMPLEMENTATION OF THE BANK’S Supervisory Board, Board of Directors, and Committees
NOMINATION AND REMUNERATION POLICY at the level of the Board of Commissioners, including
In 2024, the NRC conducted an evaluation and subsidiaries.
assessment of whether the Bank had implemented the 4. Review and recommend the proposal of remuneration
nomination process in accordance with the principles of for members of the Board of Commissioners, Board
GCG. The NRC also made sure that the Bank’s policies of Directors, Committees at the level of the Board of
and structure for remuneration are in line with those that Commissioners, and Sharia Supervisory Board, as well
apply to the banking sector and are consistently carried as the remuneration policy framework for executive
out with the values of risk-based remuneration and Good officers and all employees of the Bank, including its
Corporate Governance principles. subsidiaries.
5. Review and recommend the Material Risk Taker (MRT)
WORK PLAN FOR 2025 scheme.
The NRC has established the 2025 work plan, emphasizing 6. Evaluate and review competency development
the following strategic priorities: programs for the Board of Commissioners, Board of
1. Assess and provide recommendations to the Directors, and Sharia Supervisory Board.
nominated candidates for members of the Board 7. Continue the implementation of Talent Management,
of Directors, the Board of Commissioners, the Succession Plan, and Self Development, from the
Committees and/or Independent Parties as members Board of Directors to all employees.
of the Committee and submit this information to the 8. Review and provide recommendations on the proposed
Board of Commissioners, including for subsidiaries, to Sharia Spin-Off organization, including nomination
be proposed at the GMS. and remuneration of the Board of Commissioners and
2. Review and provide recommendations on the Key Board of Directors.
Performance Indicator (KPI) framework for the Board 9. Review the implementation of activities and
of Directors, including subsidiaries. initiatives related to organizational health (OHI) and
Diversity & Inclusion, which are linked to the EPICC
(Enabling talent, Passion, Integrity & accountability,
Collaboration, Customer Centricity) company values.
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REMUNERATION OF MEMBERS OF THE NOMINATION AND REMUNERATION COMMITTEE
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED
Amount Received in by Members of the
Nomination & Remuneration Committee in 1 Year
Type of Remuneration and Other Facilities
2024 2023
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other monetary benefits) 4 16,262 4 12,650
Other benefits in in-kind form (housing, transportation, health - - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 4 170 4 151
Total 4 16,432 4 12,801
Bank records in-kind remuneration since 2022.
Number of Members of the Nomination and Remuneration Committee
Remuneration per Person
2024 2023
Above Rp5 billion 1 -
Above Rp2 billion to Rp5 billion 3 4
Above Rp1 billion to Rp2 billion - -
Above Rp500 million to Rp1 billion - -
Below Rp500 million - -
2. VARIABLE REMUNERATION FOR MEMBERS OF THE NOMINATION AND REMUNERATION COMMITTEE
Amount Received in by Members of the
Nomination & Remuneration Committee in 1 Year
Variable Remuneration*
2024 2023
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*
Performance and risk-based remuneration (such as tantiem/bonuses).
None of the members of the Nomination and Remuneration Committee of CIMB Niaga serving as Commissioners at the
Bank received any variable remuneration (shares or bonuses, both performance-based, and non-performance-based, as
well as share options).
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SUCCESSION POLICY OF THE BOARD OF DIRECTORS
The Bank’s succession policy for the Board of Directors and/or Senior Management is implemented to prepare for
leadership regeneration. The policy regulates several things, as follows:
1. The Board of Commissioners, assisted by the NRC, ensures that the Bank adopts a talent management system, which
is managed by the HR Directorate, as a tool to identify executive officers who have the potential to preserve the
continuity of the Bank’s leadership in the future and maintain the business sustainability and long-term goals of the
Bank.
2. The HR Directorate and the Nomination and Remuneration Committee identify talented employees from within the
Bank. However, this does not rule out the possibility of talented employees who are professionals in succession
planning for the Board of Directors, including the President Director and/or Senior Management.
3. For internal talent, the HR Directorate assesses and provides further opportunities for the self-development of
these talented employees, both in the form of mandatory training and career development opportunities. Qualified
employees who are considered potential successors to members of the Board of Directors are further evaluated and
identified, and have to meet the criteria for candidates for the Bank’s Board of Directors.
The talent calibration process and internal succession management are carried out through the implementation of the
People Forum at the Directorate level involving senior leaders 1 level below the relevant Director, as well as at the Bank
Management Committee level. The People Forum discusses potential talents and nominations of successors who are
prepared to fill key and critical positions in Senior Management, including preparing incumbents or officials who will
retire in the next 1-3 years. The implementation of follow-up actions for talent and successor development based on the
results of the People Forum is monitored by the HR Directorate together with the relevant Director/Chief.
Sri Widowati
Chairwoman of Nomination and Remuneration Committee
Didi Syafruddin Yahya Glenn M. S. Yusuf Nora Joice Kimbal
Member of Nomination Member of Nomination Member of Nomination
and Remuneration Committee and Remuneration Committee and Remuneration Committee
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INTEGRATED GOVERNANCE COMMITTEE
CIMB Niaga, as the Main Entity (ME) of CIMB Niaga the latest conditions and has been uploaded to the Bank’s
Financial Conglomerate (CIFC), established the website.
Integrated Governance Committee (IGC) to assist
in the implementation of the duties of the Board of TERM OF OFFICE
Commissioners as the Board of Commissioners of the ME, Members of the IGC who are Independent Commissioners
particularly in conducting the oversight function on the of the CIFC Financial Institution (FI) have a term of office
implementation of IG at CIFC, pursuant to prevailing laws of 3 (three) years and/or not exceeding their term of office
and regulations. at FI of CIFC. Moreover, the term of office of members
who are Independent Parties and/or other parties (if any)
Membership Composition of CIFC: is 3 (three) years and/or not exceeding the term of office
Main Entity : PT Bank CIMB Niaga Tbk (CIMB Niaga) of the Board of Commissioners of the ME. The term of
Members : PT CIMB Niaga Auto Finance (CNAF) office is changed to 3 (three) years after the 2022 AGMS
PT CIMB Niaga Sekuritas (CNS) of the ME.
LEGAL BASIS THE INTEGRATED GOVERNANCE
CIMB Niaga’s IGC was established based on the following COMMITTEE MEMBERSHIP, STRUCTURE AND
regulations: COMPOSITION
1. OJK Regulation on OJK Circular Letter on Integrated The Board of Directors appoints members of the IGC in
Governance Implementation for Financial accordance with the Board of Commissioners’ approval,
Conglomerates. based on the recommendation from the NRC or in certain
2. CIMB Niaga’s Articles of Association. cases, pursuant to the IGC meeting resolution and
Appointment Letter of FI as CIFC members. In accordance
INTEGRATED GOVERNANCE COMMITTEE with the IGC Charter, the membership, composition,
CHARTER and independence of members of the IGC have met the
The IGC of CIMB Niaga has an IGC Charter that regulates prevailing criteria and provisions.
the membership, structure, authority, duties and
responsibilities, meetings, activities, and work procedures In 2024, the IGC consisted of 6 (six) members comprising
of the IGC in carrying out its function. The IGC Charter is of 1 (one) Independent Commissioner, 2 (two) Independent
periodically reviewed and updated in order to comply with Parties, 1 (one) member of the Sharia Supervisory Board
prevailing regulations and Bank needs. The Current IGC of the ME, and 2 (two) Independent Commissioners of
Charter was updated in 2021 and deemed relevant with Subsidiaries as representatives of FI as members of CIFC,
as follows:
MEMBERSHIP COMPOSITION OF THE INTEGRATED GOVERNANCE COMMITTEE IN 2024
No. Name Position in Bank & Subsidiaries Position in Committee Term of Office
1 Dody Budi Waluyo *
Independent Commissioner of CIMB Niaga Chairman 2024-2027
2 Serena K. Ferdinandus Independent Commissioner of CNAF Member 2024-2027
3 Yulizar D. Sanrego Member of Sharia Supervisory Board of CIMB Niaga Member 2023-2026
4 Achiran Pandu Djajanto Independent Commissioner of CNS Member 2022-2025
5 Endang Kussulanjari S. Independent Party Member 2024-2027
6 Angelique Dewi Daryanto Independent Party Member 2023-2025
*
Appointed in the AGMS on 3 April 2024 and effective as of 21 August 2024
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PROFILE OF THE INTEGRATED GOVERNANCE COMMITTEE MEMBERS
Appointed for the first time as Chairman of the IGC effective as of 21 August 2024, concurrently serving
as Chairman of the Audit Committee and Member of the Risk Oversight Committee.
He also serves as Independent Commissioner of the Bank.
His complete profile is presented in the Profile of the Board of Commissioners
Legal Basis of Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated
Appointment as 18 April 2024.
Chairman of IGC
Dody Budi Waluyo
Chairman of Integrated
Governance Committee
Appointed for the first time as Member of the IGC since March 2015, and most recently reappointed on
18 April 2024.
Educational Bachelor in Economics from Universitas Indonesia (1986)
Background &
Professional
Certifications
Work • Member of the Audit Committee at PT Elnusa Tbk (2020-2023)
Experiences • Member of the Risk Management Committee at PT Elnusa Tbk (2016-2020)
• Member of the Audit Committee at PT Elnusa Tbk (2015-2016)
• Member of the Audit Committee at PT Blue Bird Tbk (2014-2020)
• Commissioner at PT Anpa Internasional (2012-2018)
• Member of the Audit Committee at PT Chandra Asri Petrochemical Tbk (2009-2015)
• Member of the Audit Committee at PT Barito Pacific Tbk (2009-2013)
• Senior Vice President Investment Banking Division at PT NC Securities (2002-2009)
• Vice President Investment Banking Division and Direct Investment Division at PT
Danareksa (Persero) and PT Danareksa Finance (1996-2001)
• Audit Division Manager at Ernst & Young, Sarwoko & Sandjaja in Indonesia (1986-
Serena K. Ferdinandus 1995) and Ernst & Young, Dallas
Member of Integrated
Governance Committee Concurrent • Director of PT Putra Sleman Sembada (2022-present)
Positions • Chairwoman of the Risk Oversight Committee at PT CIMB Niaga Auto Finance
(2020-present)
Age 64 years old • Independent Commissioner and Chairwoman of the Audit Committee at PT CIMB
Niaga Auto Finance (2012-present)
Gender Female • Chief Audit Executive (Head of the Internal Audit & Risk Management Division) at
Nationality Indonesia PT Ithaca Resources (2009-present)
Shares Nil
Domicile Jakarta Ownership
Affiliated Has no affiliation with fellow members of the Committee, members of the Board of
Relationship Commissioners, members of the Board of Directors, or the Ultimate and Controlling
Shareholder.
Legal Basis of Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated
Appointment as 18 April 2024
Member of IGC
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Appointed for the first time as Member of the IGC since March 2015, and reappointed on 14 March 2023.
He also serves as Member of the Sharia Supervisory Board of the Bank.
His complete profile is presented in the Profile of the Sharia Supervisory Board.
Legal Basis of Circular Resolution of the Board of Directors No. 003/SIR/DIR/III/2023 dated
Appointment as 14 March 2023.
Member of IGC
Yulizar D. Sanrego
Member of Integrated
Governance Committee
Appointed as Member of the IGC on 7 August 2019 and reappointed on 27 July 2022.
Educational • Bachelor of Law, Universitas Gadjah Mada (1983)
Background & • Magister of Management, Institut Pengembangan Wiraswasta (1997)
Professional • Doctorate degree in Law, Universitas Gadjah Mada (2015)
Certifications
Work • Director of Compliance and Risk management at PT Jasa Marga (Persero) Tbk.
Experiences (2015-2016)
• Expert Staff of the Minister of SOEs for Governance and Synergy (2014-2015)
• Expert Staff of the Minister of SOEs for HR and Technology (2014-2015)
• Deputy in Restructuring and Strategic Planning (2013-2014)
• Expert Staff of the Minister of SOEs for Corporate Governance (2010-2013).
• Head of Legal Division of the Indonesian Bank Restructuring Agency (BPPN)
(1998-2002)
• Head of the BPR Sub-Directorate of the Directorate General of Financial
Institutions DJLK (1994-1998)
• Various Positions in Government Agencies since 1983.
Achiran Pandu Djajanto Concurrent Independent Commissioner of PT CIMB Niaga Sekuritas (2018-present)
Member of Integrated Positions
Governance Committee Shares Nil
Ownership
Age 66 years old Affiliated Has no affiliation with fellow members of the Committee, members of the Board of
Relationship Commissioners, members of the Board of Directors, or the Ultimate and Controlling
Gender Male Shareholder.
Nationality Indonesia Legal Basis of Circular Resolution of the Board of Directors No. 004/SIR/DIR/VII/2022 dated
Appointment as 27 July 2022.
Domicile Bekasi Member of IGC
Appointed as Member of the IGC since April 2016 and reappointed effective on 9 April 2020 and 18 April
2024, concurrently serving as Member of the Audit Committee.
She also serves as Member of the Audit Committee of the Bank.
Her complete profile is presented in the Profile of the Audit Committee.
Legal Basis of Circular Resolution of the Board of Directors No. 002/SIR/DIR/IV/2024 dated
Appointment as 18 April 2024.
Member of IGC
Endang Kussulanjari S.
Member of Integrated
Governance Committee
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Appointed for the first time as Member of IGC since 10 April 2023.
She also serves as Member of the Audit Committee of the Bank.
Her complete profile is presented in the Profile of the Audit Committee.
Legal Basis of Circular Resolution of the Board of Directors No. 003/SIR/DIR/III/2023 dated
Appointment as 14 March 2023.
Member of IGC
Angelique Dewi Daryanto
Member of Integrated
Governance Committee
TRAINING OF MEMBERS OF THE 4. Provide recommendations to the Board of
INTEGRATED GOVERNANCE COMMITTEE Commissioners of ME for the preparation and
Data on training attended by members of the IGC in improvement of the IGC Guidelines prepared by the
2024 is presented in the Company Profile Chapter of this Board of Directors of ME;
Annual Report. 5. Assist the Board of Commissioners of ME to ensure
that FI implements sustainability in accordance with
INDEPENDENCE STATEMENT OF THE the established plan;
INTEGRATED GOVERNANCE COMMTTEE 6. Assist the Board of Commissioner of ME to ensure the
All members of the IGC stated that they have met all ME has prepared and established a Corporate Charter;
independence criteria, and are able to carry out their 7. Organize regular IGC meetings;
duties independently, uphold the interests of the ME 8. Obtain input, suggestions, and recommendations
and cannot be influenced by any party. This statement from professional parties or other parties outside the
is supported by the composition of the IGC membership, ME, FI, or CIFC related to their duties as members of
which consists of at least: the IGC;
1. An Independent Commissioner who serves as Chairman 9. Authorized to request information in the form of
on one of the committees at the ME, as Chairman evaluation results from:
concurrently as Member; a. The integrated compliance function of the
2. An Independent Commissioner who represents and is Integrated Compliance Unit;
appointed from the FI in the Financial Conglomerate, b. The integrated internal audit function of
as Member; the Integrated Internal Audit Unit on the
3. An independent party, as Member. implementation of internal audits; and
c. The integrated risk management function for the
DUTIES, RESPONSIBILITIES, AND AUTHORITY implementation of integrated risk management
The duties, responsibilities, and authorities of the IGC from the Integrated Risk Management Committee
include the following: and/or the Integrated Risk Management Unit,
1. Evaluate the implementation of IG, at least through including but not limited to the obligation to
the assessment of the adequacy of internal control provide minimum capital in an integrated manner;
and the implementation of the compliance function in 10. Chairman of the Committee shall prepare and
an integrated manner; submit a report to the ME’s Board of Commissioners
2. In conducting the evaluation as referred to in point 1, on each implementation of their duties along with
the IGC obtains information in the form of evaluation recommendations (if required for approval).
results on the implementation of the internal audit and
compliance function of each FI from members of the MEETING AND ATTENDANCE OF THE
Board of Commissioners of each FI who are members INTEGRATED GOVERNANCE COMMITTEE
of the IGC; The IGC Meeting can only be held if attended by at least
3. Provide recommendations on the adequacy and 51% (fifty-one percent) of the total members, including
improvement of internal control, implementation of Independent Commissioners and Independent Parties.
the compliance function in an integrated manner, as The IGC must hold its meetings at least twice a year.
well as implementation of risk management and good
corporate governance;
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During 2024, the IGC held 2 (two) meetings in total, each in person and virtually, which included the ratification of the
previous minutes of the meeting, provision of recommendations, discussion regarding issues that needed to be followed
up on from the previous meeting, and other matters that needed attention.
MEMBER ATTENDANCE AT INTEGRATED GOVERNANCE COMMITTEE MEETINGS FOR
JANUARY - DECEMBER 2024
Attendance via
Attendance in IGC Physical Average
Name Teleconference or Attendance Rate
Meetings Attendance Attendance Rate
Telepresence
Dody Budi Waluyo* - - -
Jeffrey Kairupan **
1 1 - 100%
Sri Widowati*** 1 1 - 100%
Endang Kussulanjari S. 2 2 - 100%
100%
Serena K. Ferdinandus 2 1 1 100%
Yulizar D. Sanrego 2 - 2 100%
Achiran Pandu Djajanto 2 2 - 100%
Angelique Dewi Daryanto 2 2 - 100%
*
Appointed at the AGMS on 3 April 2024 and effective as of 21 August 2024. Attendance at meetings held prior to 21 August 2024 is an invitation to the meeting and is
not counted as attendance at the meeting.
**
The term of office as Independent Commissioner and Chairman of the IGC ended at the AGMS on 3 April 2024.
***
While serving as Chairwoman of the IGC, effective from the closing of the AGMS on 3 April 2024 until the effective appointment of Dody Budi Waluyo as Chairman of
the IGC on 21 August 2024 and no longer a member of the IGC as of 21 August 2024.
MEETING AGENDA OF INTEGRATED c. Integrated Internal Audit Report:
GOVERNANCE COMMITTEE - Internal Audit Integrated Governance Report
In 2024, the following were the agenda discussed at the for 1st Semester of 2024.
IGC meetings: - Update on Sharia Banking Audit for
1st Semester of 2024.
Regular Agenda: d. CIMB Indonesia Integrated Governance
1. Confirmation of the minutes of the previous IGC Implementation Report:
meeting. - CIMB Indonesia Integrated Compliance for
2. Report on the results of follow-up or discussion of 1st Semester of 2024.
unfinished issues from the previous IGC meeting. - CIMB Niaga Integrated Governance Report for
1st Semester of 2024 (self-assessment).
Other Agenda:
1. IGC Meeting on 7 February 2024: REPORT ON DUTIES IMPLEMENTATION OF
a. Report of CIMB Indonesia Integrated Risk Profile INTEGRATED GOVERNANCE COMMITTEE IN
for 2nd Semester of 2023. 2024
b. Report on Integrated Minimum Capital Adequacy Throughout 2024, the IGC carried out activities that
of CIMB Indonesia for 2nd Semester of 2023. focused on evaluating and/or reviewing reports and/or
c. Integrated Internal Audit Report: the following matters:
- Internal Audit Integrated Governance Report 1. Integrated Risk Profile Report as part of the Integrated
for 2nd Semester of 2023. Risk Management Report.
- Update on Sharia Banking Audit for 2. Integrated Capital Adequacy Report as of December
2nd Semester of 2023. 2023 and June 2024.
d. CIMB Indonesia Integrated Governance 3. IGC Implementation Report for 2nd Semester of 2023
Implementation Report: and 1st Semester of 2024, including the Integrated
- CIMB Indonesia Integrated Compliance for 2nd Compliance Report.
Semester of 2023. 4. Integrated Internal Audit Report (including Sharia) for
- CIMB Niaga Integrated Governance Report for 2nd Semester of 2023 and 1st Semester of 2024.
2nd Semester of 2023 (self-assessment). 5. Periodic Self-Assessment Report on the
2. IGC Meeting on 8 August 2024: Implementation of Integrated Governance for the
a. Report on CIMB Indonesia Integrated Risk Profile period June 2024 and December 2023.
for 1st Semester of 2024.
b. Report on Integrated Minimum Capital Adequacy
of CIMB Indonesia for 1st Semester of 2024.
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EVALUATION OF THE INTEGRATED WORK PLAN FOR 2025
GOVERNANCE COMMITTEE ON In 2025, the IGC plans to work on several matters,
IMPLEMENTATION OF INTEGRATED including the following:
GOVERNANCE IMPLEMENTATION OF CIMB 1. Review the Integrated Risk Management Report.
INDONESIA FINANCIAL CONGLOMERATE 2. Review the Integrated Minimum Tier-1 Capital
The IGC evaluates and assesses the implementation of Adequacy Report.
Integrated Governance in the CIMB Indonesia Financial 3. Review the Integrated Internal Audit Report, including
Conglomerate on an ongoing basis. This evaluation and Sharia Audit.
assessment are carried out in terms of the adequacy 4. Review the Integrated Compliance Report.
of internal control, risk management, capital levels, 5. Review the Integrated Risk Profile Report.
and the implementation of integrated compliance 6. Review the Implementation of the Integrated
functions. In 2024, the IGC assessed that, in general, the Governance Report.
implementation of Integrated Governance in the CIMB 7. Review the Integrated Governance Policy and provide
Indonesia Financial Conglomerate had been running recommendations to the Main Entity’s Board of
properly and in line with applicable regulations regarding Commissioners for any necessary amendment.
the implementation of IG for Financial Conglomerates in 8. Periodic Self-Assessment report on the
Indonesia and in accordance with the size and complexity Implementation of the Integrated Governance for the
of the CIMB Indonesia Financial Conglomerate. positions of June 2025 and December 2024.
In conclusion, CIFC has implemented integrated
governance in a comprehensive manner, and the
implementation of IGC principles is adequate, but
weaknesses are still found. These weaknesses are
generally insignificant and can be handled/remedied with
normal actions from the ME and/or FIs as members of the
CIFC.
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REMUNERATION OF MEMBERS OF THE INTEGRATED GOVERNANCE COMMITTEE
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED
Amount Received by
Integrated Governance Committee Members in 1 Year
Type of Remuneration and Other Facilities
2024 2023
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other monetary benefits) 8 13,122* 6 8,378*
Other benefits in in-kind form (housing, transportation, health - -
- -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 3 107* 2 53*
Total 8 13,229* 6 8,432*
*
Including remuneration paid by subsidiaries.
- Including Committee member who has just served or resigned in the respective year.
- Bank records in-kind remuneration since 2022.
Number of Integrated Governance Committee Members
Remuneration Per Person
2024 2023
Above Rp5 billion - -
Above Rp2 billion to Rp5 billion 2 1
Above Rp1 billion to Rp2 billion 3 1
Above Rp500 million to Rp1 billion 3 2
Below Rp500 million - 1
Including Committee member who have just served or resigned in the respective year.
2. VARIABLE REMUNERATION FOR MEMBERS OF INTEGRATED GOVERNANCE COMMITTEE
Amount Received by
Integrated Governance Committee Members in 1 Year
Variable Remuneration*
2024 2023
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*
Performance and risk-based remuneration (such as tantiem/bonuses).
None of the members of the Integrated Governance Committee of CIMB Niaga received any variable remuneration (share
or bonus, both performance based and non-performance based, as well as stock option).
Dody Budi Waluyo
Chairman of Integrated Governance Committee
Serena K. Ferdinandus Yulizar D. Sanrego
Member of Integrated Governance Committee Member of Integrated Governance Committee
Achiran Pandu Djajanto Endang Kussulanjari S. Angelique Dewi Daryanto
Member of Integrated Governance Committee Member of Integrated Governance Committee Member of Integrated Governance Committee
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Committees at the Board of Directors Level
Committees at the level of the Board of Directors, Secretary:
referred to as Executive Committees (“Exco”), have Senior Executive in the Risk Management appointed by
the duty to assist the Board of Directors in the Bank’s the Risk Management Director
operations. In 2024, the Bank established 5 (five) Exco,
consisting of the Risk Management Committee, Assets & The profiles of RMC members are presented in the
Liability Committee, IT Steering Committee, Credit Policy Profiles of Board of Directors and Senior Executives in the
Committee, and Executive Credit Committee. The Board Company Profile Chapter of this Annual Report.
of Directors also has the authority to establish other
Excos according to the needs of the Bank. DUTIES AND RESPONSIBILITIES
1. Establish and recommend risk management
POSITION OF EXECUTIVE COMMITTEES policies and frameworks, including the Bank’s risk
(EXCO) IN THE BANK STRUCTURE management strategy and Risk Appetite Statement
As illustrated in the corporate governance structure (RAS).
of committees in the Risk Management Chapter of this 2. Review risk exposures and risk management
Annual Report, Exco are directly responsible to the Board implementation in the Bank (including subsidiaries)
of Directors. both periodically and incidentally, due to rapid
changes of the bank’s external/internal conditions.
RISK MANAGEMENT COMMITTEE (RMC) 3. Approve risk profile report, stress testing report, and
scenario including its mitigation plan.
MAIN FUNCTION AND AUTHORITY 4. Approve specific risk management policy which are
RMC has the main function and authority to provide not covered by other risk executive committee.
recommendations to the President Director in formulating 5. Review and analyze capital adequacy of the Bank
and improving policies, evaluating the update and (including Subsidiaries).
condition of risk profiles, as well as providing corrective 6. Approve portfolio limit/MATs (e.g. sector limit, house
recommendations and measures. limit, VaR limit, Consumer Banking ELR, and etc).
7. Evaluate and approve treasury trading limit, excess
STRUCTURE AND MEMBERSHIP trading limit, changes in market risk measurement,
Members of RMC should be at least 2/3 (two-thirds) and Credit Risk Factor of treasury products.
of the total members of the Board of Directors, plus 8. Approve risk related model for capital, provision, and
appointed Executive Officers at one level below the business uses (if required), including model validation
Board of Directors. The RMC’s membership structure result.
is determined by the RMC’s Terms of Reference (TOR),
which are the same or recognized as the assignments of MEETINGS, QUORUMS, AND RESOLUTIONS
the Chairman, Vice Chairman, and Committee Members 1. Members consist of the Board of Directors and Chiefs
as below. who are currently active.
2. Quorum attendance fulfilled if the meeting is attended
RMC MEMBERSHIP STRUCTURE by at least 2/3 (two-thirds) of the total Committee
Chairman : President Director members, where one of them is the Chairman or Vice
Vice Chairman 1 : Risk Management Director Chairman of the Committee.
Vice Chairman 2 : Strategy, Finance & SPAPM Director 3. In the absence of Chairperson, the Vice Chairman will
chair the meeting.
Members: 4. In the absence of both Chairman and Vice Chairman,
1. Operations & Information Technology Director Members shall elect one attended Board of Directors
2. Treasury & Capital Market Director to chair the meeting.
3. Consumer Banking Director 5. The use of Alternates is permitted for Director
4. Compliance, Corporate Affairs & Legal Director (according to applicable conditions).
5. Sharia Banking Director 6. All members have voting rights.
6. Business Banking Director 7. Director who acts as Alternate allowed to cast 1
7. Human Resources Director (one) vote for him/herself and 1 (one) vote for the
8. Chief Special Asset Officer represented Director.
9. Chief Audit Executive
10. Chief of Network & Digital Banking
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8. Quorum decision is fulfilled if the decision is approved ALCO’s membership structure consists of (including the
by at least 2/3 (two-thirds) of the attending members, Sharia PC membership structure), which also constitutes
where one of them is the Chairman or Vice Chairman or is recognized as the assignment of the Chairman, Vice
of the Committee. Chairman and Members of the Committee, as mentioned
below.
2024 WORK REALIZATION
1. Perform evaluations and recommend policies related ALCO MEMBERSHIP STRUCTURE
to risk management including the Risk Appetite Chairman : President Director
Statement (RAS). Vice Chairman 1 : Strategy, Finance & SPAPM Director
2. Conduct risk report discussions as well as provide Vice Chairman 2 : Treasury & Capital Markets Director
directives on significant issues to be followed-up by
related parties. Members:
3. Evaluate and approve the risk limits. 1. Risk Management Director
4. Conduct discussion on Risk Hotspot and Emerging 2. Business Banking Director
Risk. 3. Consumer Banking Director
5. Approve the Basel & IFRS 9 models and their 4. Sharia Banking Director
validation results for certain business segments.
6. Approve the scenarios and results of several stress Secretary:
tests. Head of Capital & Balance Sheet Management
7. Evaluate the performance of the Risk Management
Committee. Sharia PC Membership Structure
Chairman : Sharia Banking Director
2025 WORK PLAN Vice Chairman 1 : Strategy, Finance & SPAPM Director
1. Evaluate as well as recommend policies related to risk Vice Chairman 2 : Treasury & Capital Markets Director
management.
2. Evaluate and recommend the risk appetite, as well as Member:
approve the risk limits. 1. Head of Sharia Business Banking
3. Increase the role of the committee in reviewing the 2. Head of Sharia Consumer
implementation of the best risk management strategy. 3. Head of Sharia Risk Control, Governance, Business
4. Improve the effectiveness of meetings by focusing on Solution & Process Excellence
key risk issues. 4. Head of Advisory & Legal – Sharia
5. Comply with regulations from regulators regarding 5. Head of Sharia Strategy, Performance, Reporting,
risk management. Analytics & Transformation
CERTIFICATION The profiles of ALCO members are presented in the
RMC membership has met the certification level Profiles of Board of Directors and Senior Executives in the
requirements in accordance with Risk Management Company Profile Chapter of this Annual Report.
certification requirements.
DUTIES AND RESPONSIBILITIES
ASSET & LIABILITY COMMITTEE (ALCO) 1. Balance Sheet and Net Interest Income (NII)
a. Review and analyze the Bank’s balance sheet
MAIN FUNCTION AND AUTHORITY based on business, composition of assets and
ALCO is a supporting committee of the Board of Directors liabilities, currency, growth, income, and margin.
tasked with analyzing and evaluating asset and liability b. Examining variations that arise between plans
management, as well as making related decisions and actual balance sheets and how this impacts
through the formulation of policies, strategies, and funding and loans, balance sheet ratios, and
targets to manage the Bank’s assets and liabilities in an whether the Bank remains within Risk Appetite
integrated manner. ALCO also oversees the Sharia Pricing limits.
Committee (“Sharia PC”). Sharia PC has the authority to c. Review Net Interest Income (NII) and Net Interest
make decisions, particularly those relating to the level Margin (NIM) trends, including projections and
of gross yield distribution, which will be reported on a variations with NIM plans, and detail actions that
regular basis at ALCO meetings. must be taken.
d. Examining the impact on NII under Base Case
STRUCTURE AND MEMBERSHIP conditions and also under Stressed Economic
ALCO members consist of at least 2/3 (two thirds) of the Scenarios.
total members of the Board of Directors, plus Executive e. Review and ensure that the Fund Transfer Pricing
Officers at one level below the appointed Directors, in (FTP) framework is appropriate and functions
accordance with the Bank’s Board of Directors Charter. as a bridge between business lines in designing
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Highlights Report Profile Discussion & Analysis Management
and implementing FTP, as well as prioritizing MEETINGS, QUORUM, AND DECISION MAKING OF
consistency in the Bank’s performance. ALCO
f. Review and approve pricing that requires 1. Meetings are held a minimum of 12 (twelve) times a year.
regulatory approval as well as pricing for new and 2. The quorum for holding a meeting is attended by a
existing products so that they are in line with the minimum of 2/3 (two thirds) of the number of members
Bank’s strategic and business objectives through of the Board of Directors.
quorum requirements. 3. The quorum for decision making is approved by a
2. Contingency Funding Plans minimum of 2/3 (two thirds) of the number of members
a. Reviewing the Contingency Funding Plan (CFP) as of the Board of Directors present at the meeting.
an operational business plan and measuring the 4. Quorum of attendance and meeting decisions for
capacity of the business plan to ensure that the transactional matters, such as fund transfer pricing,
management actions to be taken are realistic; and pricing, deposit pricing authority is delegated to
b. Ensure that Early Warning Indicators are relevant at least 1 (one) of 2 (two) members, which is the
to current conditions. Strategy, Finance & SPAPM Director or the Treasury
3. Capital & Balance Sheet Management & Capital Market Director. Meanwhile, transactional
a. Reviewing the Capital & Balance Sheet decisions related to risk limits are delegated to the
Management framework and policies to ensure Risk Management Director.
that the framework and policies are in accordance
with the current and future size and complexity of SHARIA PC
CIMB Niaga’s operations; 1. The quorum for holding a meeting is attended by a
b. Uphold consistent implementation of practices minimum of 1/2n+1 or a minimum of 1 (one) Sharia PC
and policies at the Bank; members consisting of the Chairman or Vice Chairman.
c. Approve Management Action Trigger (MAT)/ 2. In circumstances where the Sharia PC member is
liquidity and interest rate risk limits in the Banking unable to attend, the member can be replaced by a
Book; substitute appointed by the Sharia PC member.
d. Determine, supervise, and review the hedging 3. Meeting decisions can be taken when the quorum for
strategy of entities under CIMB Niaga; holding the meeting is met.
e. Review and ensure that the Bank’s risk profile is
still within the limits set in the MAT/liquidity risk 2024 WORK REALIZATION
limits and interest rate risk in the Banking Book, 1. Continue initiatives to accelerate lending for resilient
including reviewing the results of internal stress sectors and products.
tests and regulations in all currencies and material 2. Ensure that the Bank’s liquidity level is always at an
banking entities under CIMB Niaga; optimum level amidst increasing competition between
f. Review and approve ALM risk parameter models banks while maintaining efficient funding costs and
and validation models; and ensuring the availability of other funding alternatives.
g. Identify and study funding and liquidity needs, 3. Adjust the internal fund transfer pricing model to ensure
and take appropriate steps for certain liquidity that pricing signaling is transmitted to all Bank business
and funding conditions. units and is in line with changes in market interest rates.
4. Sharia PC 4. Optimizing the balance sheet by adjusting the cost
a. Determine Gross Yield for the current month and of funds and loans, especially in conditions of market
ensure Gross Yield is in accordance with Sharia interest rates, which are currently on an increasing
Compliance. trend and uncertainty in the global economy.
b. Set or change the ratio level if necessary. 5. Provide stable and diversified funding for Sharia
c. Determine the amount charged or reserved for business units and ensure readiness for spin-offs in
Profit Equalization, based on Sharia principles. accordance with Regulatory provisions.
d. Determine the number of grants (if any) to be
awarded. 2025 WORK PLAN
e. Carry out activities that have been delegated by 1. Continuing the strategy to obtain low-cost funding
ALCO from time to time. from current accounts and savings through new
initiatives and programs.
2. Ensure the transmission of interest rates, especially
for loans with floating interest rates and new loans,
and ensure that interest rate risk in the banking book
is managed properly in line with expectations of
movements in domestic and foreign interest rates.
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3. Adjust the internal fund transfer pricing model to ensure 10. Head of Information Technology
that pricing signaling is transmitted to all Bank business (concurrently Secretary)
units and is in line with changes in market interest rates. 11. Head of Cyber Security
4. Ensure that the Bank’s liquidity level is always at an
optimum level by ensuring the growth of third-party The profiles of ITSC members are presented in the
funds including the growth of other balance sheet Profiles of the Board of Directors and Senior Executives
components in accordance with the business plan and in the Company Profile Chapter of this Annual Report.
the provisions of applicable regulators.
5. Ensure stable and diversified funding for Sharia DUTIES AND RESPONSIBILITIES
business units, and continue to prepare spin-off plans ITSC’s duties and responsibilities are to provide
in accordance with Regulatory provisions. recommendations related to:
1. IT strategic plan that is in line with the Bank’s
CERTIFICATION corporate plan.
ALCO membership does not require any certain certification. 2. IT policies, standards and procedures.
3. Conformity between IT development plans and IT
INFORMATION TECHNOLOGY STEERING strategic plans.
COMMITTEE (ITSC) 4. Conformity between the implementation of IT
development and the IT development plan.
MAIN FUNCTIONS AND AUTHORITY 5. Evaluation of the effectiveness of IT costs towards
ITSC carries out the main function and authority to achieving planned benefits.
provide recommendations to the Board of Directors 6. Monitoring IT performance and efforts to improve IT
regarding strategic plans, policies, development, and performance.
implementation of the Bank’s information technology. 7. Efforts to resolve various IT-related problems that
cannot be resolved by IT user and operator work units
OJK Regulation No. 11/POJK.03/2022 concerning the effectively, efficiently and on time.
Implementation of Information Technology by Commercial 8. Adequacy and allocation of IT-related resources
Banks article 7 paragraph 2 as reference. owned by the Bank.
9. A Cybersecurity Strategic Plan that is in line
STRUCTURE AND MEMBERSHIP with the Bank’s risk appetite and is followed by a
In line with the Board of Directors’ Charter, ITSC members comprehensive work plan in technology operations
constitute a minimum of 2/3 (two thirds) of the total number and risk management.
of members of the Board of Directors, plus Executive Officers
at one level below the appointed Board of Directors. The ITSC MEETINGS, QUORUM AND DECISION MAKING
membership structure consists of, which also constitutes or is 1. Committee Meetings must be held at least 4 (four) times
recognized as the assignment of the Chairman, Vice Chairman a year.
and Members of the Committee, as mentioned below. 2. The meeting attendance quorum is attended by more
than 2/3 (two thirds) of the total number of members of
The ITSC Membership Structure has been adapted to the Board of Directors.
OJK Regulation No. 11/POJK.03/2022 concerning the 3. The quorum for meeting decisions is approved by more
Implementation of Information Technology by Commercial than 2/3 (two thirds) of the number of members of the
Banks. Board of Directors present.
ITSC MEMBERSHIP STRUCTURE 2024 WORK REALIZATION
Chairman : President Director 1. Determine the IT Strategic Plan 2025-2030.
Vice Chairman 1 : Operations & Information 2. Determine the formulation of main IT policies,
Technology Director standards and procedures.
Vice Chairman 2 : Strategy, Finance & SPAPM Director 3. Determine IT projects for the 2024 financial year.
4. Carry out routine monitoring of the development
Member: status of Information Technology projects for the
1. Risk Management Director 2024 financial year.
2. Consumer Banking Director 5. Determine the suitability of IT with the needs of the Bank’s
3. Treasury & Capital Markets Director management information system and business activities.
4. Sharia Banking Director 6. Review/monitor IT budget usage and capital expenditure.
5. Business Banking Director 7. Monitor IT service efficiency.
6. Compliance, Corporate Affairs & Legal Director 8. Monitor and provide directions on IT and Cybersecurity
7. Human Resources Director problems.
8. Chief Audit Executive 9. Analyze the Bank’s IT and Cybersecurity resources.
9. Chief of Network and Digital Banking
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10. Determine recommendation for Cyber Security Strategic Member:
Plan including cyber security incident monitoring on the 1. Treasury & Capital Markets Director
Bank’s systems. 2. Operations & Information Technology Director
3. Compliance, Corporate Affairs & Legal Director
2025 WORK PLAN 4. Strategy, Finance & SPAPM Director
1. Evaluating, directing, and monitoring the 2025-2030 5. Sharia Banking Director
IT Strategic Plan. 6. Business Banking Director
2. Recommendations for the formulation of key IT 7. Human Resources Director
policies, standards and procedures. 8. Chief Special Asset Officer
3. Recommendations for budget formulation for IT 9. Chief of Network & Digital Banking
projects for the 2025 financial year along with project 10. Chief Audit Executive
priorities in accordance with the IT strategic plan.
4. Recommendations for implementing IT projects. Secretary:
5. Recommendations for suitability of IT with management Head of Non-Retail Credit Policy and Assurance Testing.
information system needs and Bank business activities.
6. Review/monitor the use of the IT budget and capital The profiles of CPC members are presented in the Profiles
expenditure. of Directors and Senior Executives in the Company Profile
7. Monitoring IT service efficiency. Chapter of this Annual Report.
8. Monitoring IT and Cybersecurity problems and
developments. DUTIES, RESPONSIBILITIES, AND AUTHORITIES
9. Recommendations for analysis of the Bank’s IT and 1. To establish the direction of credit policy (including
Cybersecurity resources. risk acceptance criteria, credit process and approval)
10. Recommendations for a Cyber Security Strategic and align with Bank’s risk appetite to support credit
Plan for monitoring cyber security incidents against growth with good quality and take into account
the Bank’s systems. prudent banking practices.
2. To established and ensure consistency of:
CERTIFICATION a. The Bank’s consistent compliance with credit
ITSC membership does not require any certain certification. management policies and applicable regulations,
particularly related to significant risk exposures.
CREDIT POLICY COMMITTEE (CPC) b. Approval of credit management policies and
strategies; and
MAIN FUNCTIONS AND AUTHORITY c. Monitoring the implementation of credit policies.
CPC is a Credit Policy Committee consisting of Board d. Approval of criteria for officers to be appointed as
of Directors and Executive Officers who are appointed Credit Committee Member.
to formulate and provide suggestions for improvements
related to the Bank’s credit policies. Furthermore, CPC MEETINGS, QUORUM AND DECISION MAKING
also has the function to ensure the fulfillment of the 1. Meetings should be held at least 10 (ten) times in a year.
principle of corporate governance in credit policy for the 2. Meetings are valid and entitled to make binding
benefit of the Bank and its stakeholders. decisions if attended and/or represented by more
than 2/3 (two-thirds) of the total members with
STRUCTURE AND MEMBERSHIP provided that, it must include at least more than 2/3
The membership structure of CPC consists of Directors (two-thirds) of the total number of Directors in office.
and Executive Officers at one level below the appointed 3. Meeting decisions must be made through deliberation
Directors. CPC membership structure consists of those who to reach a consensus.
are also or are recognized as the Chairman, Vice Chairman, 4. In the event that a decision based on the deliberation
and Members of the Committee, as mentioned below. CPC for consensus is not reached, then decision shall be
Membership Structure has been adjusted to OJK Regulation made by voting based on the affirmative votes of
No. 42/POJK.03/2017 regarding the Obligation to Prepare and more than 2/3 (two-thirds) of the Members present,
Implement Bank Credit or Financing Policies for Commercial provided that must include at least more than 2/3
Banks. (two-thirds) of the affirmative votes of the incumbent
members of the Board of Directors in office.
CPC MEMBERSHIP STRUCTURE
Chairman : President Director
Vice Chairman 1 : Risk Management Director
Vice Chairman 2 : Consumer Banking Director
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2024 WORK REALIZATION 2. Proposed Changes to the Terms of Reference
Update and adjustment of Credit Policy (Conventional (ToR) of the Delegated Authority (DA) for Special
and Sharia): Asset Management (SAM).
A. Commercial Credit Stipulations. D. Stipulations Related to Transaction Banking.
Amendments, adjustments and updates on credit Amendments, adjustments and policy updates include:
policies include: 1. Changes in the Trade Finance Product Policy
1. Policies related to Handling Non-Performing regarding Trade Finance Product Document
Loans regarding: Requirements (Conventional & Sharia).
a. The deletion of credit/financing stipulations 2. Proposed Revision of Sharia Trade Finance
for debtors/customers affected by Covid-19 Product Policy – PSF iB Salam.
(Umbrella Policy) based on OJK Press Release 3. Notification of JDA Holder Framework related to
No. SP 41/OJK/GKPB/III/2024. Trade Finance Transaction.
b. Confirmation of Loan Sale Buyer Criteria. 4. Adjustment of Trade Finance Product Policy
2. Policy on Collateralized Loans regarding (KPTF) related to Additional Chapter in KPTF -
Confirmation of Collateral Valuation Frequency Product Development (Conventional & Sharia).
for Non-Performing Loans. 5. Proposed Changes to Corporate/Commercial
3. Policy on Organization and Approval Authority of Credit Policy.
Fully Secured Loan.
4. Policies related to Credit Concentration regarding E. Stipulations related to Emerging Business Banking
the Affirmation of Regulations regarding the (EBB) and Consumer.
Exclusion of Legal Lending Limit (LLL), Related During 2024, there were Policy adjustments in EBB
Parties, and Provision of Funds to Local Government segment and Consumer Credit/Financing products
Based on the Applicable OJK Regulation. to external policies issued by regulators, government
5. Policies related to Program Submission regulations and business strategies in accordance
Governance regarding the Addition of General with the risk levels defined by the Company.
Program Submission Requirements.
6. Periodic updates of other stipulations related to the F. Stipulations related to Commercial Banking.
Principle of Credit Policy, Principle of Sharia Financing 1. Proposal for ME 15 Program regarding alignment
Policy, Commercial Credit Policy (Conventional & with Commercial Credit Policy and Credit
Sharia) particularly in the chapters of Introduction, Authority Term of Reference (ToR).
Champion Challenger, Account Maintenance, Credit 2. BPR Lending Model Update.
Monitoring & Reporting, Stipulations of Allowance for 3. Proposed Reactivation and Change of Lending
Asset Quality Assessment (PPKA) & Allowance for Model of Employee Cooperative (Kopkar).
Impairment Losses (CKPN), Appointment of Credit- 4. Adjustment to Commercial Credit/Financing
Related Third Party Services (Insurance, Public Policy related to Fully Secured Loans.
Appraisal Service Office, Notary, Private Auction
Hall, Legal Advisor, and Public Accounting Firm) and G. Stipulations related to Wholesale Credit Portfolio
Credit Monitoring & Inspection. Management (WCPM).
Update on BOC Approval Requirements for
B. Treasury Stipulations. Concentration Risk Frameworks.
Amendments, adjustments and updates to credit
policies include: 2025 WORK PLAN
1. Proposal for the Addition of Counterparty Types 1. Evaluate the proposed credit policy/strategy and/
for Bonds Repo and Reverse Repo Transactions or its update in order to keep referring to the latest
– Government-Owned Financing Company of the applicable conditions and regulations, including
Republic of Indonesia. adjustments to macroeconomic conditions, regulatory
2. Proposal for Repo/Reverse Repo Program for regulations and the bank’s risk appetite, so that credit
Primary Dealers. growth with good quality can be maintained while still
3. Amendment of Bonds Issuer Limit with Fast Track considering prudential aspects.
Approval. 2. Approve the proposed credit policy and/or its
amendment as suggested in point 1 above.
C. Approval Authority. 3. Supervise and ensure that the implementation of
Amendments, adjustments and policy updates credit policies complies with applicable internal and
include: external regulations.
1. Proposal for ME-15 Program with Alignment to
Commercial Credit Policy & Term of Reference
(ToR) for Credit Authority.
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CERTIFICATION 7. Provide directives and recommendations on
CPC membership does not require any certain information related to Loan Impairment and Watch
certification. List Accounts.
8. Provide recommendations to the Board of Directors
EXECUTIVE CREDIT COMMITTEE (ECC) (if required) in regards to matters related to credit/
financing process, on a case-by-case basis.
MAIN FUNCTIONS AND AUTHORITY 9. Review and delegate decision-making authority on
ECC is a Credit Committee tasked with providing non-credit matters and/or requests considered as
decisions on credit/financing proposals from all Non- commercial/business related to the relevant Business
Retail Business Segments at Bank CIMB Niaga, consisting Unit.
of members from Business and Risk functions whose 10. Carry out other functions based on and when
authorities are based on the four-eyes principle and to requested by the Committee Chairman or Risk
avoid conflicts of interests. Management Director.
STRUCTURE AND MEMBERSHIP MEETINGS, QUORUM AND DECISION MAKING
ECC Membership consists of at least 3 (three) Directors 1. Meetings are held at a minimum of 4 (four) times a
plus Executive Officers and Senior Officers. month.
2. The meeting is led by the Meeting Chair who can be
Chairman : Business Banking Director the Chairman/Vice Chairman 1/Vice Chairman 2.
Vice Chairman 1 : Risk Management Director 3. Meetings can be held with the attendance of at least
Vice Chairman 2 : Head of Non-Retail Credit Risk 5 (five) members, with at least 1 (one) Director in
Management attendance. Composition of member attendance:
a. Chairman/Vice Chairman 1/Vice Chairman 2, may
Member: be either one;
1. Sharia Banking Director b. A minimum of 2 members from the business
2. Chief Special Asset Officer* unit, one of which is from the unit submitting the
3. Head of Corporate Banking proposal;
4. Head of Commercial Banking c. A minimum of 2 members from the Risk
5. COMBA & EBB Credit Head Management – Credit Directorate.
6. Commercial Banking Business Credit Head 4. The votes of the Risk Management Director and Head
*
Special member for restructuring proposal, High Watch List, Impaired Loan. of Non-Retail CRM are considered as the votes of
the Risk Management – Credit Directorate and are
independent.
DUTIES AND RESPONSIBILITIES 5. Decisions are taken based on majority votes. Each
1. Review/evaluate and provide decisions on a case- agreement requires at least 1 (one) vote in favor
by-case basis on credit/financing applications from from the Independent Vote or a vote from the Risk
all Non-Retail business segments at the Bank, in Management – Credit Directorate.
accordance to its authority. 6. Equal vote means “Rejection” for the submitted
2. Ensure that all credit/financing portfolio meets/ application.
comply with the guidelines of the competent
authorities, applicable credit/financing rules/policies, 2024 WORK REALIZATION
as well as procedures and risk appetite. Since the ECC Meeting on 1 July 2024 (approval of the ECC
3. Provide decisions regarding restructuring applications Charter/establishment of ECC as Executive Committee).
and any changes to the credit/financing structure that 50 (fifty) ECC Meetings have been held, generating 685
have been submitted. credit decisions, consisting of 392 decisions made by
4. Assess risk return trade-off on decision-making meeting quorum, 103 decisions by complete circulation of
of credit/financing applications to ensure that the all members, and 190 decisions by delegation.
facilities provided are included in/in accordance with
the Bank’s risk appetite. 2025 WORK PLAN
5. Take final decisions on obligor risk rating and/or issue/ The ECC has established its 2025 work plan, namely to
determine ratings on all loan applications submitted provide decisions on credit/financing proposals from all
for approval. Non-Retail business segments according to authority
6. Provide recommendations to the Board of (New Proposals, Additions, Decrease, and/or Extensions,
Commissioners in regards to the decision on credit/ including changes to credit structures).
financing applications that are within the authority of
the Board of Commissioners.
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CERTIFICATION
ECC membership does not require any certain certification.
LEGAL BASIS OF APPOINTMENT, TERM OF OFFICE & WORK GUIDELINES OF THE EXECUTIVE
COMMITTEE (EXCO)
The legal basis for the appointment and term of office of all Exco members is stipulated in the respective Terms of
Reference (TOR) which also constitute the work guidelines for each Exco.
MECHANISM FOR APPOINTMENT AND DISMISSAL OF EXCO CHAIRMAN
The Exco Chairman is appointed and dismissed by the Board of Directors of the Bank.
EXCO STATEMENT OF INDEPENDENCE
All Exco members declare that they have fulfilled all independence criteria, are able to carry out their duties independently,
uphold the interests of the Bank and cannot be influenced by any party.
EXCO MEMBERS TRAINING
In 2024, Exco member training is presented in the Bank’s training data in the Company Profile Chapter of this Annual
Report.
FREQUENCY AND ATTENDANCE RATE OF BOARD OF DIRECTORS AT THE EXECUTIVE COMMITTEE (EXCO)
MEETINGS IN 2024
Frequency and Attendance Rate
Name
RMC ALCO ITSC CPC ECC
Lani Darmawan 16/18 (89%) 16/18 (89%) 3/4 (75%) 11/13 (85%) 46/50 (92%)
Lee Kai Kwong 16/18 (89%) 17/18 (94%) 3/4 (75%) 11/13 (85%) Not a Member
John Simon 17/18 (94%) 16/18 (89%) 4/4 (100%) 11/13 (85%) Not a Member
Fransiska Oei 16/18 (89%) Not a Member 4/4 (100%) 11/13 (85%) Not a Member
Pandji P. Djajanegara 18/18 (100%) 16/18 (89%) 4/4 (100%) 13/13 (100%) 41/50 (82%)
Tjioe Mei Tjuen 18/18 (100%) Not a Member 4/4 (100%) 12/13 (92%) Not a Member
Henky Sulistyo 17/18 (94%) 17/18 (94%) 4/4 (100%) 13/13 (100%) 40/50 (80%)
Joni Raini 18/18 (100%) Not a Member 4/4 (100%) 12/13 (92%) Not a Member
Rusly Johannes 17/18 (94%) 17/18 (94%) 4/4 (100%) 12/13 (92%) 49/50 (98%)
Noviady Wahyudi 18/18 (100%) 15/18 (83%) 4/4 (100%) 13/13 (100%) Not a Member
In addition to the five Exco, CIMB Niaga also has Special Committees (Specos), which are established by the respective
Director and is optional and based on the Bank’s needs. These committees include the Operational Risk Committee (ORC),
Special Asset Management Committee (SAMC), Asset Quality Committee (AQC), and Customer Experience Committee
(CXC).
Speco members consist of 1 (one) Director in charge and other related Directors (if necessary), as well as several
Executive Officers determined at the Speco meeting. The delegation of duties and responsibilities for each Speco is
regulated in the Terms of Reference (ToR) of the respective committee.
Corporate Secretary
CIMB Niaga’s Corporate Secretary is in charge and (particularly who in charge/oversees the Capital Market
responsible for maintaining the Bank’s image and sector), as well as the other Stakeholders. The Corporate
protecting its interests, through effective communication Secretary shall also ensure the Bank’s compliance with
and relationships with Stakeholders as well as acting as a the regulations and legislation, particularly in the Capital
liaison between the Bank with Shareholders, Regulators Market sector.
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LEGAL BASIS 1. Keep abreast of developments in the capital market
CIMB Niaga has appointed Fransiska Oei as Corporate in particular, as well as applicable and prevailing laws
Secretary under CIMB Niaga Board of Directors’ Circular and regulations in the Capital Market.
Resolution No.001/SIR/DIR/IX/2016 dated 21 September 2. Provide input to the Board of Commissioners and
2016, in accordance with OJK Regulation No. 35/ Board of Directors to comply with laws and regulations
POJK.04/2014 dated 8 December 2014. The appointment in the Capital Market.
was reported to the OJK on 23 September 2016 and 3. Assist the Board of Commissioners and Board
announced to the public via the OJK Electronic Reporting of Directors in implementing Good Corporate
Facility (Sarana Pelaporan Elektronik/SPE) system or Governance, which includes:
IDXNet on the same date. a. Public disclosure of information, including its
availability on the Bank’s website;
PROFILE OF CORPORATE SECRETARY b. Timely submission of reports to the Regulator;
(HEAD OF CORPORATE SECRETARY) c. Implementation and documentation of the GMS;
d. Implementation and documentation of meetings
of the Board of Commissioners and/or Board of
Directors, including the preparation of meeting
minutes; and
e. Organizing the bank-wide orientation program for
new members of the Board of Commissioners and
Board of Directors.
4. Coordinate with the Investor Relations unit to ensure
Annual Public Expose as well as other required Public
Exposes, including Analyst Meeting are regularly
held.
5. Ensure the delivery of information to shareholder is
equally implemented for every shareholder of the
Fransiska Oei
Bank.
Corporate Secretary
6. Responsible for the implementation of the Bank’s
The complete profile is presented in the Corporate Actions in coordination with the Finance
Profile of the Board of Directors.
unit and/or other appointed units as well as with
Capital Market supporting institutions.
7. As a liaison between the Bank and its shareholders,
regulators, and other stakeholders.
8. The Corporate Secretary and employees in their work
TERM OF OFFICE AND DOMICILE units are obliged to maintain the confidentiality of
Fransiska Oei has served as Corporate Secretary confidential documents, data, and information, except
effective since 26 September 2016 until the present. She when required to fulfill obligations under applicable
is domiciled in Jakarta, Indonesia. laws and regulations or as otherwise specified in
applicable laws and regulations.
ORGANIZATIONAL STRUCTURE 9. The Corporate Secretary and employees in their work
units are prohibited to take any personal advantage,
directly or indirectly, that would be detrimental to the
Compliance, Corporate Affairs
& Legal Director Bank.
10. The Corporate Secretary and employees in their work
units shall improve their knowledge by pursuing
education and/or training that will support the
Head of
Corporate Secretary implementation of their duties and responsibilities.
11. Prepare and maintain a list of shareholders with
ownership of 5% (five percent) or more of the
Company’s shares, as well as a list of the 20 (twenty)
Corporate Affairs largest shareholders, and upload the said information
on the Bank’s website.
12. Provide a special list containing information regarding
the shares of members of the Board of Commissioners
DUTIES AND RESPONSIBILITIES and Board of Directors and their families in the Bank,
CIMB Niaga Corporate Secretary’s duties and
responsibilities include the following:
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its affiliates, and/or other companies, including, e. Decree of the Board of Directors of PT Bursa Efek
among other things, share ownership, business Indonesia No. Kep-00044/BEI/04-2024 dated 1
relationships, and other roles that lead to a conflict of April 2024 on Regulation No. I-I on Stock Splits
interest with the Bank, and upload such information to and Share Mergers by Listed Companies Issuing
the Bank’s website. Equity Securities;
13. Timely submissions of reports related to provisions f. Decree of the Board of Directors of PT Bursa Efek
in the Capital Market, both periodic and incidental Indonesia No. Kep-00054/BEI/05-2024 dated 6
reports to the regulators. May 2024 on Regulation No. I-N on Delisting and
14. Conduct disclosure of information to the public in Relisting
accordance with applicable laws and regulations. g. Decree of the Board of Directors of PT Bursa Efek
15. Improve and align the Bank’s Governance Indonesia No. Kep-00076/BEI/06-2024 dated 21
implementation with the OJK and ASEAN Corporate June 2024 on Amendments to Regulation No. I-X
Governance Scorecard principles. on Placement of Equity Securities Listing on the
Special Monitoring Board;
IMPLEMENTATION OF DUTIES IN 2024 h. Decree of the Board of Directors of PT Bursa Efek
Throughout 2024, the Corporate Secretary carried Indonesia No. Kep-00167/BEI/10-2024 dated
out duties and responsibilities in accordance with her 16 October 2024 on Regulation No. I-K on the
function, as detailed below: Listing of Asset-Backed Securities in the Form of
1. Organize a GMS in accordance with OJK Regulation Collective Investment Contracts;
No. 15/POJK.04/2020 and OJK Regulation No. 16/ i. Decree of the Board of Directors of PT Bursa
POJK.04/2020, namely the Third Extraordinary GMS Efek Indonesia No. Kep-00183/BEI/11-2024 dated
(which is a series of the two previous Extraordinary 15 November 2024 on Regulation No. I-C on the
GMS) on 11 January 2024, the 2024 Annual GMS Recording of Mutual Fund Participation Units
(AGMS) on 3 April 2024, and the Extraordinary in the Form of Collective Investment Contracts
GMS (EGMS) on 25 October 2024. Details of the whose Participation Units are Traded on the Stock
implementation of the GMS are explained in the GMS Exchange; and
Sub-Chapter in the Corporate Governance Report j. Decree of the Board of Directors of PT Bursa Efek
Chapter of this Annual Report. Indonesia No. Kep-00210/BEI/12-2024 dated 30
2. The implementation of the GMS has also provided an December 2024 on Regulation No. I-P on Listing
alternative to authorize proxy electronically (e-proxy) of Structured Warrants on the Stock Exchange,
and electronic voting (e-voting) through the eASY. 5. Collaborate with the Investor Relations unit
KSEI application and e-voting at the GMS venue. in convening the 2024 Annual Public Expose
3. Continually updating the information on the Bank’s electronically and quarterly analyst meetings
website, including information regarding the Bank’s held either in the form of video conferences/
corporate data, corporate actions, and disclosure teleconferences/webinars or in-house meetings.
of information, particularly regarding Corporate 6. Organized 8 (eight) Board of Commissioners
Governance and Investor Relations, in order to improve meetings, held and attended 4 (four) joint meetings
the quality and accessibility of disclosure information of the Board of Commissioners with or attended
of the Bank to all stakeholders. by the Board of Directors, 3 (three) joint meetings
4. Keep abreast on development in the capital market of the Sharia Supervisory Board with the Board of
particularly applicable laws and regulations, to ensure Commissioners and/or Board of Directors, and held
compliance with new regulations issued by the OJK, Committees meetings at the Board of Commissioners
IDX, and other capital market regulators, and convey level, consisting of: 14 (fourteen) Audit Committee
this information to the Board of Commissioners and Meetings; 12 (twelve) Risk Oversight Committee
Board of Directors, among others: meetings; 7 (seven) Nomination and Remuneration
a. OJK Regulation No. 4 of 2024 dated 28 February Committee meetings; and 2 (two) Integrated
2024 on Reports of Ownership or Any Changes Governance Committee meetings; as well as prepare
in Ownership of Shares of Public Companies and and administer minutes of meeting and attendance
Activities of Pledge of Shares of Public Companies; lists.
b. OJK Regulation No. 14 of 2024 dated 26 August 7. Organized 45 (forty-five) Board of Directors meetings
2024 on the Task Force for Handling Business and 4 (four) joint Board of Directors meetings with or
Activities; attended by the Board of Commissioners, 3 (three)
c. OJK Regulation No. 30 of 2024 dated December 19, joint Sharia Supervisory Board meetings with the
2024 on Financial Conglomerates and Financial Board of Commissioners and/or Board of Directors,
Conglomerate Holding Companies; as well as preparing and administering minutes of
d. OJK Regulation No. 31 of 2024 dated 19 December meeting and attendance lists, and organizing and
2024 on Written Orders; attending Executive Committee (Exco) meetings.
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Highlights Report Profile Discussion & Analysis Management
8. Submit periodic and incidental reports to regulators 12. Conduct orientation programs for prospective
in accordance with relevant regulations. members of the Board of Commissioners and/or
9. Disclose information to the public in accordance with Board of Directors of CIMB Niaga.
applicable regulations.
10. Administer, distribute, and follow up on all incoming TRAINING AND COMPETENCY DEVELOPMENT
letters received by the Bank and addressed to the Throughout 2024, the Corporate Secretary attended
Board of Commissioners and/or Board of Directors. a variety of training/seminars/workshops/knowledge
In 2024, the Bank received 29,248 (twenty-nine sharing sessions to help develop competencies.
thousand two hundred and forty-eight) letters The Corporate Secretary’s training and competency
addressed to the Board of Commissioners and/or development have been documented in the Company
Board of Directors, including those from the OJK, Profile Chapter of this Annual Report.
Bank Indonesia, the Indonesia Stock Exchange (IDX),
the Indonesian Central Securities Depository (KSEI), DISCLOSURE OF INFORMATION IN 2024
the National Private Bank Association (PERBANAS), In 2024, the Corporate Secretary disseminated
the Indonesian State Court, the Indonesian National information related to CIMB Niaga to the public via mass
Police, the Director General of Taxes, and others. media, the IDX website, and the CIMB Niaga website in
11. Prepare documentation and assist the Fit and Proper Bahasa and English. The Corporate Secretary has also
Test process for prospective members of the Board submitted periodic and incidental reports to the IDX and
of Commissioners and/or Board of Directors of CIMB OJK, including the following details:
Niaga.
PERIODIC REPORT
Reporting
No. Type of Report Designation Total
Period
1 Annual Financial Statement (Audited) OJK & IDX Annually 1
2 Annual Reports (including the Corporate Governance Report, the Sharia Business OJK & IDX Annually 1
Unit Governance Report, and the CIMB Indonesia Financial Conglomerate Integrated
Governance Report)
3 Sustainability Report OJK & IDX Annually 1
4 Annual Rating Results Report OJK & IDX Annually 1
5 Annual Report of Parent Entity and Subsidiaries of the Bank (Report of the bank that are OJK Annually 1
part of a business group)
6 Annual Public Expose Results Report IDX Annually 1
7 List of Related Parties Details Report OJK Semi-annually 2
8 Consolidated Financial Statements of Bank and Subsidiaries (Unaudited) OJK & IDX Quarterly 4
9 Monthly Report of Securities Holder Registration of BNGA OJK & IDX Monthly 12
INCIDENTAL REPORT
Throughout 2024, CIMB Niaga has disclosed information on 71 (seventy-one) incidental reports to regulators (OJK and/
or IDX).
Detailed information regarding the periodic reports and incidental reports above can be found and accessed on the CIMB
Niaga website at https://investor.cimbniaga.co.id/newsroom.html/year/2024, or by scanning the following QR Code:
526 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Report Governance Responsibilities Corporate Data Statement
Internal Audit Unit (IA)
The Internal Audit (IA) of Bank CIMB Niaga assists the The Internal Audit Charter was last updated on 28
Bank in achieving its objectives through systematic and November 2024 and has been approved by the President
disciplined approach in evaluating and improving the Director and the Board of Commissioners. The Internal
successful accomplishment of the Bank’s objectives; Audit Charter regulates the implementation of audits as
the effectiveness of governance processes, internal well as guidelines to ensure:
control and risk management processes, including the 1. Effectiveness, efficiency, and adequacy of internal
implementation of the sustainability principle; the Bank’s control system, risk management, and sustainable
decision-making and supervision, including providing governance.
an independent perspective to the Board of Directors 2. Reliability, effectiveness, and integrity of information
and Board of Commissioners on the adequacy of control management processes and systems, including
and compliance with applicable regulatory provisions; relevance, accuracy, completeness, availability, and
reputation and credibility to the Bank’s stakeholders; the confidentiality of data.
Bank’s ability to serve the public’s interests. 3. Compliance with applicable laws and regulations.
4. Quality of the organization’s performance.
The IA provides independent, risk-based assurance, 5. Interaction with various governance groups has been
advisory, insight, and foresight services that are designed running as it should.
to increase value and improve the Bank’s operations. 6. Important financial, managerial, and operational
information must be accurate, reliable, and timely.
INTERNAL AUDIT CHARTER 7. Resources are obtained economically, utilized
IA has an Internal Audit Charter as a guideline in carrying efficiently, and protected adequately.
out its duties and responsibilities. The Internal Audit 8. Programs, plans, and targets are achieved well.
Charter contains the objectives, internal audit professional 9. Quality and continuous improvement are inherent in
practice principles, vision and mission, structure, the Bank’s control processes.
position and authority, duties and responsibilities, the 10. Opportunities to improve the Bank’s management
scope of assignment, independence and objectivity, controls, profitability, and reputation are identified
professionalism, impartiality, rights, obligations, and and disclosed in the audit.
responsibilities of the Head of IA (Chief Audit Executive),
and the IA code of ethics. PARTY WHO APPOINTS AND DISMISSES
HEAD OF IA (CHIEF AUDIT EXECUTIVE)
The Internal Audit Charter is a form of compliance with IA is chaired by the Chief Audit Executive, who is
OJK Regulations and OJK Circular Letters, related to appointed and dismissed by the President Director with
the Implementation of the Internal Audit Function in the approval of the Board of Commissioners and based
Commercial Banks, the Establishment and Guidelines on the recommendation from the Audit Committee.
for Preparing Internal Audit Charters, Financial Currently, the Chief Audit Executive is Antonius Gunadi,
Conglomerates, Implementation of Information who has been in office effectively since 3 January 2017,
Technology by Commercial Banks, Implementation of Risk based on Decree No. 024/HROB/HRS/XII/2016. The
Management for Commercial Banks and Sharia Business appointment was reported to OJK in letter No. 008/DIR/
Units, Standard Guidelines for Internal Control Systems XII/2016 dated 19 December 2016.
for Commercial Banks, Governance Implementation
for Commercial Banks and Sharia Business Units,
Personal Data Protection Law, Bank Indonesia Consumer
Protection, as well as best practices referring to GIAS
(Global Internal Audit Standards) from the IIA (The
Institute of Internal Auditors).
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Highlights Report Profile Discussion & Analysis Management
STRUCTURE AND POSITION OF IA IN THE ORGANIZATION
In line with OJK Regulation No. 1/POJK.03/2019 dated 28 January 2019 on Implementation of the Internal Audit Function in
Commercial Banks and OJK Regulation No. 56/POJK.04/2015 dated 29 December 2015 on Establishment and Guidelines
to Prepare the Internal Audit Charter, IA is directly responsible to the President Director and, in the matrix, to the Board
of Commissioners through the Audit Committee.
Board of
President Commissioners
Director through Audit
Committee
Chief Audit
Executive
Technology TB, Risk
Business Banking & Operation, Professional
Enablers Assurance and Management,
Consumer Banking Network & Syariah Practices
Data Analytic Treasury & Product
PROFILE OF HEAD OF IA (CHIEF AUDIT EXECUTIVE)
The complete profile may be found in the Profile of Senior Executives.
Trainings for Chief Audit Executive are listed in the Company Profile Chapter of this Annual Report.
Certification • Certified Internal Auditor (CIA)
• Certificate, Business Analytics: From Data to Insights, the Wharton School
• Certificate, Sustainability Leadership Programme, University of Cambridge –
Institute for Sustainability Leadership
• Level 7 Risk Management Certification
Organization • Bank Internal Auditor Association (Ikatan Auditor Intern Bank or IAIB) – Chairman
Membership (2020–2026)
• Bank Internal Auditor Association (Ikatan Auditor Intern Bank or IAIB) – Head of
Membership and Organization (2017–2020).
Antonius Gunadi
Chief Audit Executive
DUTIES AND RESPONSIBILITIES OF IA 5. Preparing and implementing an annual audit plan
As stated in the Internal Audit Charter, IA has the based on a comprehensive risk assessment-based
following duties and responsibilities: methodology. The annual audit plan and budget
1. Assisting the President Director and Board of allocation are approved by the President Director and
Commissioners in supervision by operationally the Board of Commissioners by taking into account
defining the planning, implementation, or monitoring recommendations from the Audit Committee.
of audit results. 6. Collaborating with the Audit Committee.
2. Analyzing and assessing finance, accounting, 7. Testing and evaluating the implementation of internal
operations, and other activities through audit. control and risk management systems in accordance
3. Identifying all opportunities to improve and increase with company policies.
efficient use of resources and funds. 8. Executing audit activities and providing assessments
4. Providing suggestions for improvements and on the efficiency and effectiveness in finance,
objective information about the activities examined in accounting, operations, human resources, marketing,
all management activities. information technology, and other activities.
9. Providing suggestions for improvement and objective
information regarding activities examined at all levels
of management.
528 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Report Governance Responsibilities Corporate Data Statement
10. Preparing and submitting audit reports to the continuity. Reports must be submitted no later than
President Director and the Board of Commissioners. As three days after discovery.
well as preparing internal audit reports related to the 21. Reporting to OJK regarding the results of the external
implementation of the fulfillment of sharia principles review containing opinions on IA’s work result and
and submitting them to the President Director, Board compliance with PFAIB, as well as improvements that
of Commissioners, and Sharia Supervisory Board. can be made.
11. Can perform special audit, if necessary. 22. Submitting other reports to the OJK as requested by
12. Periodically reporting to the Board of Directors the OJK.
and Board of Commissioners through the Audit 23. In terms of implementing the Integrated Governance
Committee regarding the objectives, authority, and and with CIMB Niaga’s role as the Main Entity that
responsibilities, as well as the performance of IA already has an established IA, the implementation of
activities compared to the plans. Reporting also Integrated IA tasks is carried out by the existing IA
includes exposing significant risks and control issues. with the following responsibilities:
13. Preparing semester reports on the Implementation a. Auditing at Financial Services Institutions (FSI)
Report and Internal Audit Results to OJK for a summary either individually, joint audits, or based on reports
of audit activities and significant audit findings no later from IA FSI.
than 1 month after the end of the period. b. Monitoring and evaluating the implementation
14. Monitoring the implementation of follow-up on audit of Integrated IA in each member of the CIMB
findings and recommendations. All significant audit Indonesia Financial Conglomeration, coordinating
findings will remain in “open” status until the findings are with all IA members of the CIMB Indonesia Financial
resolved. This includes informing the Audit Committee Conglomeration according to their functions,
regarding Management Acceptance of Risk. and compiling the results of the implementation
15. Informing the status of corrective actions regarding of Integrated IA from each member of the CIMB
audit findings and audit recommendations to the Indonesia Financial Conglomeration, periodically
Board of Directors and Board of Commissioners (every semester).
through the Audit Committee. c. Preparing and submitting reports on the
16. Informing the Anti-Fraud Management unit about implementation of the duties and responsibilities
indications of fraud discovered by the IA. of Integrated IA to the Director appointed to
17. Preparing measurements to assess the success of supervise FSI in the Financial Conglomeration,
performance and achievement of IA goals. Director of Compliance of Main Entity and Board
18. Preparing and storing adequate audit working papers of Commissioners of Main Entity.
in accordance with applicable regulations.
19. Implementing and delivering Quality Assurance INTERNAL AUDITOR CODE OF ETHICS
and Improvement Programs (QAIP) which covers all The Chief Audit Executive and all IA employees are
aspects of IA activities. The QAIP includes evaluating required to follow the CIMB Niaga Code of Ethics and
IA compliance with the definition of Internal Audit and Code of Conduct, as well as the CIMB Niaga Internal
Standards, as well as evaluating whether the auditor Auditor Code of Ethics, which is based on and refers to
implements the code of ethics. QAIP also assesses the Institute of Internal Auditors’ Code of Ethics. Every
the efficiency and effectiveness of IA activities and year, all IA members receive a refresher on the Code of
identifies opportunities for improvement. Ethics and sign a statement about it.
20. Reporting specifically to OJK regarding IA’s findings
that may significantly disrupt CIMB Niaga’s business The CIMB Niaga Internal Auditors Code of Ethics is as
follows:
1 Demonstrating Integrity
3 Demonstrating Competency
Internal Auditors demonstrate integrity in their work and behavior, including Internal auditors apply knowledge, skills, and abilities to successfully fulfill their
demonstrating honesty and professional courage, the organization’s ethical roles and responsibilities, including having competence, undertaking ongoing
expectations, as well as lawful and ethical behavior. professional development.
2 Maintaining Objectivity
4 Exercising Due Professional
Care
Internal auditors maintain an impartial and unbiased attitude when Internal Auditors apply due professional care in planning and performing
performing internal audit services and making decisions, by paying internal audit services, taking into account conformity with GIAS,
attention to individual objectivity, maintaining objectivity, as well as professional care, professional skepticism.
disclosing impairments to objectivity, if any.
5 Maintaining Confidentiality
Internal Auditors use and protect information appropriately. Internal auditors are not
authorized to disclose information without clear authority, except in accordance with
Bank Policy regarding the provision of information/data/documents to external parties.
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Highlights Report Profile Discussion & Analysis Management
HUMAN RESOURCES AND PROFESSIONAL CERTIFICATIONS
As of 31 December 2024, the number of IA employees was recorded at 119 people, including the Chief Audit Executive. In
developing competencies, IA conducts a comprehensive review of existing competency models (Competency Framework)
in accordance with organizational and professional developments, including aligning them with CIMB Niaga’s core
competencies as well as designing a learning journey for auditors. IA also supports every IA member in becoming a
Digital-Data-Design (3D) talent.
By having a competency model and learning journey, IA can develop a structured and directed auditor development
program to be able to produce quality auditors who can perform their duties and responsibilities well. IA continues
to improve the expertise and competence of auditors by involving its auditors in various training programs, seminars,
workshops, and certification training.
Throughout 2024, IA was active in participating in various training programs totaling 434 trainings, which is equivalent to
20,565 hours. The following are examples of several training programs and webinars that were participated in:
Name of Training//Workshop/Conference/Seminar Organizer Date
"IIA Town Hall Meeting" New Global Internal Audit Standards IIA 30 January 2024
Webinar How to Prevent Greenwashing in Sustainable Finance OJK 16 May 2024
Virtual Learning Series: Enhancing Critical and Analytical Thinking Skills Gartner 15 July 2024
ACIIA Regional Conference “Purposeful Impact” IIA 28-29 August 2024
Provision of Bank Internal Audit Competency Test for Audit Supervisor Level IAIB 5-6 November 2024
IA has obtained very diverse certifications, starting from required certifications, such as Risk Management Certification,
as well as local & international certifications that support audit performance.
National Certifications
1 8 32 26 2 40 8 21 7 7 5 5 5 4 2 2 1 1 1
l7
l6
l5
l4
l3
l2
l1
IA
-A
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CP
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ET
ve
ET
Q
IA
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CF
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ve
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Le
CB
CB
EV
Le
Le
EV
Le
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Le
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BR
BR
C
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C
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RM
RM
RM
RM
RM
RM
RM
Keterangan:
RMC Level 4-7 : Risk Management Certification Level 4 to 7 Brevet A, B : Tax training certificate
RMC Level 1-3 : Risk Management Certification Level 1 to 3 CPA : Certified Public Accountant
QIA : Qualified Internal Auditor CRMP : Certified Risk Management Professional
CBIA-A : Certified Bank Internal Auditor level Auditor CFrA : Certified Forensic Auditor
CBIA-S : Certified Bank Internal Auditor level Supervisor RSA : Registered Securities Analyst
CDPO : Certified Data Protection Officer CLA : Certified Legal Auditor
530 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
International Certifications
20 14 8 6 6 5 5 5 4 3 3 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1
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Notes:
S
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CISA : Certified Information System Auditor CRISC : Certified in Risk and Information System Controls
in
ed
ITIL ITSM : ITIL Foundation Certificate in IT Service Management
ifi
CEH : Certified Ethical Hacker
rt
CFE : Certified Fraud Examiner Ce CSA : Certified Securities Analyst
CRBIA : Certified Risk Based Internai Auditor ASEAN CPA : ASEAN Chartered Professional Accountants
COBIT5 : Certified Objective for Information and Related Technology CA : Chartered Accountant
CIA : Certified Internal Auditor GRCA : Governance Risk Compliance Audit
CSRS : Certified Sustainability Reporting Specialist IAP : Internal Audit Practitioner
CCAK : Certified Cloud Auditing Knowledge CCISO : Certified Chief Information Security Officer
PARTICIPATION IN PROFESSIONAL ASSOCIATIONS
IA participated in a number of internal audit professional associations, including the Institute of Internal Auditors (IIA)
Indonesia, the Information Systems Audit and Control Association (ISACA), the Indonesian Institute of Accountants (IAI),
and the Bank Internal Auditors Association (IAIB). IA also participated as a speaker at various institutions and seminars
about benchmarking audit practices by IA. IA’s participation in professional associations includes:
IA PARTICIPATION IN EXTERNAL ORGANIZATIONS
Organization Position Period
Ikatan Auditor Intern Bank (IAIB) Chairman
Head of Communication Department
2020-2026
Member of Communication Department
Member of Education and Training Department
Treasury 2023-2026
IIA Young Leaders Ambasador Member 2023-2024
IA CIMB NIAGA’S PARTICIPATION AS SPEAKER IN EXTERNAL SEMINAR/WEBINAR
Name of Training/Workshop/Conference/Seminar Organizer Date
IIA Risk Forum - Highlights of the Global Internal Audit Standards IIA 21 February 2024
Benchmarking - Audit ICAAP PT Bank Panin 05 March 2024
Benchmarking - Audit Process, Agile Audit, TeamMate+ PT Bank Mandiri Tbk 14 March 2024
Digital Transformation in the Implementation of the Three Line Ministry of Finance of the Republic of Indonesia 10 June 2024
Model
Internal Auditor Conference Internal Audit Education Foundation (YPIA) 10-11 July 2024
Podcast “Trusted Auditor – Don’t Let Yourself Lose to Robots” IAIB 15 July 2024
Internal Audit Forum Indonesian Life Insurance Association (AAJI) 16 July 2024
Accounting Talk Universitas Gadjah Mada (UGM) 14 September 2024
Audit, Risk and Governance Forum 2024 Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI) 12 December 2024
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AUDIT MANAGEMENT INFORMATION SYSTEM IA also carried out several activities apart from the routine
IA uses the “TeamMate” audit management information audit assignments, as follows:
system to monitor each stage of an audit, starting 1. Continued IA’s role in providing independent
with audit planning, audit fieldwork, reporting, and consultative reviews and advisory services to
monitoring the progress in completing follow-up audit business units and business support. One of which
recommendations, as well as documenting audit working is by conducting Quick Hit Consulting, where IA
papers. The use of TeamMate aims to increase the conducts a short discussion with the business unit/
effectiveness and efficiency of IA’s operational activities. business support on existing problems and provides
TeamMate is still used today as an Audit Management recommendations to add value for the unit. This
Information System that continues to be developed to activity received positive responses from business
meet the needs of and support IA activities. units and business support, because IA provides
beyond audit services that can provide added value. IA
AUDIT METHODOLOGY also provides input/review for every new CIMB Niaga
IA implements a risk-based audit methodology in product development and activity proposed by each
a comprehensive manner, starting with the annual Product Owner (PO) to the New Product and Activity
audit planning stage and audit implementation. Risk (NPA) Reviewer. IA maintains its independence in all
assessments are carried out comprehensively, including activities.
risk assessments in work units at the head office and 2. Conducted internal quality assurance & improvement
branch areas. Through this effort, IA determines the risk program (QAIP) review of IA, including through an
rating and audit frequency of each business or business “in flight review“. The independent internal team
support unit in the Bank. (Professional Practices) reviewed audit assignments
during ongoing audit implementation (In Flight Review)
IA also maximizes the use of data analytics that is able to to be able to provide real-time recommendations with
conduct a comprehensive audit of Bank data (bankwide), more added value and were more timely.
including covering 100% of branches and is carried out 3. Continued to strengthen collaboration with each
continuously (continuous auditing). Specifically for line of business unit and support unit to improve the
branch audits, the approach is carried out in layers, in Bank’s performance through good governance, risk
addition to continuous auditing, the implementation management, and internal control, with IA serving as
of branch audits is also carried out through Thematic a trusted business partner.
Audits, Area Based Audits, CCTV reviews, branch calls, 4. Continued to review policies and procedures that
and physical branch visits to certain branch offices. were applicable for IA to ensure they were always up
to date and in accordance with standards.
IA also continues to improve processes, methods, and 5. Published a Bulletin and distributed a “Weekly
tools, as well as enhance the quality and skills of its Refresher” as communication and sharing media to all
human resources so they can become trusted business IA staff with materials regarding audit methodology
partners who provide added value to the Bank. updates, knowledge sharing, and also the latest
topics of the period.
IA ACTIVITIES REPORT FOR 2024 6. In line with the Bankwide and Foward23+ programs, IA
In 2024, IA completed 100% of audit assignments in actively participated in Employee Volunteer Program
accordance with the initial assignment plan (a total of 157 (EVP) where IA participated in recycling activities,
audits). In addition to the initial assignment plan, IA also donating used goods, donating basic food packages,
conducted audit assignments according to additional blood donations, and charity runs/walks.
requests from management, bringing audit realization to 7. In line with Foward23+, Centers of Excellence (COE)
106% (176 of 157 audits). was formed at IA with the aim of developing the ability
of IA staff to become experts in certain fields. COE
During 2024, IA issued 1,395 audit recommendations, also functions as a platform for sharing knowledge,
439 of which were not yet due by 31 December 2024. collaboration and innovation.
All audit recommendations that were due were promptly 8. IA has also implemented the “Agile Audit”
followed up on. methodology in the 2024 audit assignment with the
aim of simplifying the audit process by focusing on
the audit scope and monitoring the status of the audit
process development, increasing interaction with
auditees to ensure that there are no surprise findings.
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KEY INITIATIVES IN 2024 • Developing strong collaborative relationships with
In order to support the achievement of IA’s objective business/business support units.
to become a World Class Internal Audit and a Trusted • Having a deeper understanding of the business
Business Partner, IA continuously carries out several and operational activities of the business/business
initiatives and work plans. support units.
• Acquiring the latest information regarding
During 2024, several key initiatives carried out by IA are changes in business strategy, processes, risks,
as follows: and controls.
• Facilitating the sharing of key audit issues and
1. Data Analytics Development changes in audit methods.
IA continuously improves and develops data analytics • Facilitating the networking between auditors and
(DA) with a focus on the development of digital Heads of related business/business support units.
devices, namely being able to develop itself as a “3D
(Digital, Data, Disruption) Ready” individual. 4. Aligned Assurance
In 2024, IA continued its aligned assurance
The development of DA and Artificial Intelligent program with other assurance functions, such as
(AI) model parameters aims to facilitate the work the Compliance team and Risk Management team,
of internal auditors. Periodically, IA reviews the DA to ensure that various assurance functions could
and AI Model parameters to keep them in line with collaborate in planning a joint review schedule so as
the development of the IA organization, business not to disrupt the auditee’s smooth operation during
growth, and Bank operations. There were 445 data the audit while also ensuring the assurance function
analytic parameters in 2024. The alert data generated could run effectively and efficiently. At the planning
from the data analytics parameters will be analyzed stage of every audit assignment, auditors also actively
by the auditor and the results will be submitted to discuss and ask for feedback from other assurance
Management, including Continuous Auditing reports. function teams, such as the Compliance team and the
Risk Management team.
IA has started research on Artificial Intelligence (AI)
Models regarding Natural Language Processing (NLP) 5. Attachment Program
and Generative AI (Gen AI) in the second semester of The Attachment Program is a program in which the
2024, with a target completion time of Q2 of 2025. auditor is assigned to perform a role (attachment/
The AI can be used for data retrieval automation on the job) in a business/support/operational unit
(Query to SQL) and document analysis, such as the with the goal of providing the auditor with a better
Company’s financial reports/annual reports, which understanding of a business process, including the
can be used by both IA and business units. risks and controls implemented. In 2024, IA put one
auditor to this program for placement in the Business
2. Thematic Audit Unit.
IA continued to conduct audits with a thematic
approach, which provided audit focus on certain The benefits of the attachement program included:
areas/processes/products. By conducting a thematic • Increasing the auditor’s understanding of business
audit, auditors could identify the root of the processes, risks, and control in related units.
problem and provide comprehensive and effective • Increasing the auditor’s understanding of the role
recommendations that could be implemented of a task, including challenges in performing the
bankwide. task.
• Providing input to the Management in improving
3. Business Monitoring control, as well as work and business efficiency
Business Monitoring is a non-audit activity carried and effectiveness.
out by IA by establishing continuous communication
with Management. Business Monitoring is carried out There was Collaboration Audit which was an Internal
routinely and not in the context of an audit. Business IA – attachment program in which auditors were
Monitoring provides benefits to both parties, both IA exchanged between audit groups for one ongoing
and management, including the following: audit assignment to increase their knowledge of
business processes, risks, and controls in the related
unit. In 2024, these 16 programs were implemented
well.
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Highlights Report Profile Discussion & Analysis Management
6. Guest Auditor Program In 2024, the assessment results from the Audit
IA continued the Guest Auditor program by inviting Committee for IA reached a score of 4.88, an increase
business units/support units to be involved in compared to the previous year, which was 4.87. The
audits as guest auditors in order to facilitate the range of IA performance evaluation score from the Audit
sharing of best practices and provide guest auditors Committee is from 1 (far below expectations) to 5 (far
with an understanding of the audit process and above expectations).
control framework, which could then be used and
implemented in business units and support units, 2025 WORK PLAN
respectively. Aside from that, the program aimed to IA has created and established a work plan in 2025 with
provide guest auditors with an understanding of the strategic priorities to continue optimizing the role of
internal control framework, risk identification, and data analytics to support the entire audit process and
control establishment, as well as an understanding continuous auditing. IA will also continue the attachment
of the importance of the auditor’s role in assisting program, guest auditor, business monitoring, and aligned
management in achieving the Bank’s goals and assurance initiatives. Continuing IA’s role in providing
strategies. In 2024, the Guest Auditor Program had advisory services to business units and business support.
five guest auditors. Furthermore, IA will continuously improve auditor
competency in order to provide added value to business
POLICY AND FREQUENCY OF MEETINGS units and business support, as well as support every IA
WITH THE BOARD OF DIRECTORS AND AUDIT member to become a 3D Talent.
COMMITTEE
Throughout 2024, IA participated as meeting participant
or delivered presentations in meetings of the Board 5 1
of Directors and Audit Committee with the following
frequency of attendance: Branch Cybersecurity
Operation & Resilience
Audit Committee
Description BOD Meeting
Meeting
Frequency of Attendance 40 14
2025 2
IA PERFORMANCE EVALUATION
Evaluation of IA performance is conducted through
4 Key Audit
Focus Data
evaluation by the Audit Committee and distribution of Regulatory Governance &
Complience Protection
questionnaires to auditees after the audit is completed.
(including
The Audit Committee conducts a direct assessment of sustainable
requirements)
IA performance with a number of assessment criteria
that cover several aspects, namely the quality of the
3
audit report, presentation skills, and IA performance. Credit/Lending
The questionnaire distributed to auditees covers several Process
assessment areas, including audit management, audit
implementation, and audit results delivery.
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Compliance Management Unit
CIMB Niaga has established a Compliance Work Unit (CMU) that is led by the Head of Compliance Management. The CMU of
CIMB Niaga carries out its role and function of improving the compliance culture by supporting good governance practices.
The CMU continues to strive to make preventive efforts to reduce compliance risks in business activities and ensures that
policies, provisions, systems, and procedures, as well as business activities, are always carried out by the Bank are in line
with the provisions of the Financial Services Authority (OJK) and the provisions of applicable laws and regulations, including
ensuring that all commitments to regulators have been fulfilled by the Bank according to the target time.
LEGAL BASIS
The establishment of the CMU is based on OJK Regulation and OJK Circular Letter on the Implementation of Governance
for Commercial Banks, Integrated Governance, Bank Soundness Rate Assessment, and Implementation of the Compliance
Function in Commercial Banks.
APPOINTMENT AND DISMISSAL MECHANISMS OF THE HEAD OF COMPLIANCE MANAGEMENT
Head of Compliance Management is appointed and dismissed based on the decision of the Board of Directors and has
been reported to the OJK.
PROFILE OF HEAD OF COMPLIANCE MANAGEMENT
Educational • Bachelor Degree from Bandung Institute of Technology (1992)
Background & • Master of Management from Prasetya Mulya Business School (1996)
Professional • Level 2 Compliance Certification
Certifications • Level 6 Risk Management Certification (BSMR)
Work • Head of Compliance Management, CIMB Niaga
Experiences • Division Head of Risk Management Group at Bank Niaga
• Group Head at National Banking Restructuring Agency (BPPN)
• Analyst at PT Pefindo (Credit Rating Agency)
Legal Basis of SK No.253/HRPA/HRS/XI/2013 dated 1 November 2013
Appointment
Liston Siahaan
Head of Compliance Management
Age 56 years old
Gender Male
Nationality Indonesia
Domicile Jakarta
TRAINING OF THE HEAD OF COMPLIANCE MANAGEMENT IN 2024
No Name of Training/Workshop/Conference/Seminar Organizer Date & Place
1 Hackfest 2024 - AWS Session AWS 20 February 2024
Jakarta
2 Best Practice Implementation Project Spin Off UUS CIMB Niaga 3 September 2024
Jakarta
3 Risk and Goverance Summit (RGS) 2024 OJK 20 November 2024
Jakarta
4 RCU Leadership Program : Collaborative & Synergistic Team CIMB Niaga 12 November 2024
Jakarta
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No Name of Training/Workshop/Conference/Seminar Organizer Date & Place
5 ISO 37001: Anti Bribery Management System (SMAP) Deloitte 1 November 2024
Jakarta
6 Senior Leaders Conference: Engaging Our Mind and Spirit to Embrace F30 CIMB Niaga 6 December 2024
Jakarta
7 OJK Regulation No. 15 of 2024 concerning Integrity of Financial Reporting OJK 18 December 2024
by Bank Jakarta
COMPLIANCE PRINCIPLES 4. Compliance is implemented with competence and
The implementation of the Compliance Function is integrity in accordance with its responsibility;
an important part of Governance implementation. As 5. Stakeholder-oriented;
a result, CIMB Niaga is committed to complying with 6. Dedication to the Bank; and
the policies and regulations through compliance risk 7. Problem solving-oriented.
management. CIMB Niaga has a policy that serves as a
standard compliance procedure to guide all employees COMPLIANCE FUNCTION AT THE BANK
and encourages the realization of a Compliance Culture. The following are the objectives of the Compliance
function at CIMB Niaga:
With the Compliance Culture, the Bank’s activities are 1. Realizing the implementation of compliance culture
in line with regulations and based on the principle of at all levels of the Bank’s organization and business
prudence. Compliance policies and procedures are activities;
periodically reviewed according to the Bank’s needs 2. Managing compliance risks encountered by the Bank;
and following regulatory changes. The following are the 3. Ensuring that the policies, rules and regulations,
compliance principles at CIMB Niaga: systems and procedures, as well as the activities
1. Compliance starts from the top; carried out by the Bank are in accordance with
2. Compliance is the responsibility of all parties; the regulations of OJK, other relevant laws and
3. Compliance is carried out to comply with laws and regulations, including Sharia Principles for Sharia
regulations; Commercial Banks and Sharia Business Units; and
4. Ensuring the Bank’s compliance with the commitments
made by the Bank to OJK and/or other competent
supervisory authorities.
ORGANIZATIONAL STRUCTURE OF COMPLIANCE MANAGEMENT UNIT
Compliance, Corporate
Affairs & Legal Director
Head of Compliance
Management
Compliance
Non-Credit Compliance
Regulatory Liaison Credit Advisory Reporting &
Advisory Awareness & Review
Analytics
DUTIES AND RESPONSIBILITIES OF THE COMPLIANCE MANAGEMENT UNIT
1. Establishing compliance policies and procedures and performing periodic reviews or updates.
2. Establishing a compliance program to support the development of a Compliance Culture in all of the Bank’s business
activities at every level of the organization.
3. Identifying, measuring, monitoring, and controlling the Compliance Risk per the requirements for implementing Risk
Management in Commercial Banks and Sharia Business Units (SBU).
4. Assessing and evaluating the effectiveness, adequacy, and conformity of CIMB Niaga’s policies, guidelines, systems,
and procedures based on the regulatory requirements. In addition, the Compliance Unit also reviews compliance
aspects in the other work units.
5. Conducting review and providing recommendations for updating and refining current policies, guidelines, systems,
and procedures of the Bank in accordance with the requirements from authorities, including Sharia Principles for the
SBU.
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6. Acting as the Bank’s liaison officer when dealing with regulators, particularly regarding of compliance and regulatory
audit implementation.
7. Reporting the implementation of CIMB Niaga’s compliance function and compliance status to the Board of Directors
and Board of Commissioners through the Compliance Director.
8. Providing input/clarification regarding questions from business units related to the implementation of BI/OJK
regulations.
9. Preparing training/socialization programs regarding external regulations for business/working units in the Bank.
10. Perform other tasks related to the Compliance Function.
HUMAN RESOURCES AND PROFESSIONAL CERTIFICATION
Pada tahun 2024, Pegawai Satuan Kerja Kepatuhan Bank berjumlah 30 (tiga puluh) orang termasuk Head of Compliance
In 2024, CIMB Niaga had 30 (thirty) employees in the Compliance Management Unit, including the Head of Compliance
Management. All Compliance Management Unit employees have received compliance and risk management certifications.
Throughout 2024, Compliance Management Unit employees received a variety of education and training courses to
support their functions and roles, including:
No Name of Training/Workshop/Conference/Seminar Organizer Date & Place
1 Buliding a Strategic Commitment to Sustainability CIMB Niaga 29 October 2024
Jakarta
2 Generative AI for Compliance PT LAPI ITB 7 August 2024
Jakarta
3 RCU Leadership Program: Collaborative and Synergistic Team PT Solusi Daya Manusia 12 November 2024
Exellency (HR Exellency) Bogor, West Java
4 HR Training: Workplace Diversity, Equity and Inclusion in Action CIMB Niaga 30 October 2024
Online
5 Learning on the Go (LOG): Cyber Security Awareness, Refreshment CIMB Niaga Throughout 2024
Mandatory Certification Program, Integrity Pact, Code of Ethics, and Anti- Online
Corruption Commitment Modules
CIMB Niaga also has employees whose tasks are directly b. Providing advisory recommendations/opinions
related to compliance risk management in their work from the Compliance Unit upon request for advice
units in accordance with the compliance framework. This from other work units related to the fulfillment of
work unit is on the first line (work unit) and is called the compliance aspects.
Risk Control Unit (RCU). As of 2024, 43 (forty three) RCU 3. Programs and Activities in the Monitoring of
employees have received compliance certification. Compliance Implementation
a. Strengthening the function and role of RCU in
COMPLIANCE MANAGEMENT UNIT WORK implementing the compliance framework, as
PLAN IN 2024 well as increasing RCU competency through
1. Programs and Activities of Compliance Awareness discussions/forums and training.
a. Updating the database of banking regulations. b. Risk Control Self-Assessment (RCSA) of the 1st
b. Socialization activities or training on external Line by the RCU/DCORO and reporting the results
regulations. The socialization and training to CMU.
activities are carried out through online and other c. CMU reviews the RCSA self-assessment report,
electronic communication media. including checking the implementation of
c. Training Program for RCU and Designated compliance in work units.
Compliance & Operational Risk Officers (DCORO). d. Monitoring follow-up of the Bank’s commitments
d. The CMU actively cooperates with the RCU to to the authorities.
improve the competence of the RCU and monitor e. Monitoring compliance status within members of
the implementation of compliance in the work the CIMB Indonesia Financial Conglomerate (CIFC).
unit. f. Implementation of compliance monitoring through
CIMB Niaga also regularly holds RCU Forums to ReCoM (Regulatory Commitment Monitoring)
support RCU competencies. monitoring application, as well as developing
2. Programs and Activities in Compliance Testing ReCoM to automate processes in implementing
a. Compliance testing on new product/activity the compliance framework.
plans and new policies/procedures and their 4. Programs and Activities in the Compliance Reports
amendments. and Key Performance Indicators (KPI)
a. Self-assessment of compliance risk profile in the
Bank Soundness Level Report.
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Performance Management Company Management Risk
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b. Regular Compliance Reports to the Board of • Develop compliance learning modules through
Directors, Board of Commissioners and Financial LoG
Services Authority. 2. Compliance Testing and Compliance Advisory
c. Preparation of KPIs related to compliance for CMU carries out compliance testing on internal
Directorates and Work Units, as well as KPIs for policies as well as new products and/or activities to
RCU. ensure they comply with regulatory requirements.
5. Integrated Compliance Function Activities CMU also provides opinions/advice to work units
a. Submit Integrated Compliance report on based on the principle of prudence and compliance
the implementation of compliance in KKCI with external regulations.
periodically to the Board of Directors and Board of
Commissioners of the Bank as the Main Entity. 3. Implementation and Development of the Regulatory
b. Aligning the compliance framework with the Compliance Management System (ReCoM)
Compliance Function of FSIs who are members of CMU continues to develop the ReCoM system to
the CIFC. support compliance programs and activities. The
ReCoM application consists of the following modules.
COMPLIANCE INDICATORS IN 2024 • COMMITMENT module, namely:
1. The Capital Adequacy Ratio (CAR) (for credit, market - for monitoring and following up on the results
and operational risk) is 23.00%, meeting the minimum of inspections/audits that have been carried
regulatory requirements. out by the Regulator; and
2. There are no exceedances or violations of the Legal - monitoring of reports (excluding periodic
Lending Limit (LLL). reports submitted online) that must be
3. The Net Non-Performing Loans (NPL) is 0.69%, meet submitted to the Regulator.
the maximum limit of 5%. • FAQ (Frequently Asked Question) module, for a
4. The Average Daily Rupiah Minimum Reserve database of questions and answers related to
Requirement (GWM) is 6.68%, meet the minimum Compliance, both sourced from questions and
requirement of 9%. answers from Regulators and business units.
5. The Average Daily Minimum Reserve Requirement • P&P REVIEW (Policy & Procedure Review) module:
(GWM) for Foreign Exchange is 4.14%, meet the to review/test compliance with policies and/or
minimum requirement of 4%. procedures by Compliance Management for work
6. The Liquidity Coverage Ratio (LCR) is 213.31%, meet units.
the minimum limit requirement of 100%. • RCSA (Unit Self-Assessment on Compliance Risk)
7. The Net Stable Funding Ratio (NSFR) is 116.89%, meet module: used to document compliance risks/issues
the minimum threshold requirement of 100%. inherent in a work unit and the controls it has. The
8. The Net Open Position (on and off-balance sheet) is work unit carries out its own risk assessment and
2.09%, meet the maximum limit of 20%. control adequacy to ensure that internal control
9. Audit follow-up commitments to regulators can be in the work unit is adequate and effective as well
fulfilled within the target time. as identify necessary corrective actions to reduce
risk exposure/compliance issues based on the
(Note: figures are subject to audited financial report 2024) results of the unit’s self-assessment.
• MGA (Matrix Gap Analysis and New Regulation
IMPLEMENTATION OF COMPLIANCE Update) module: for administering external
MANAGEMENT UNIT DUTIES IN 2024 regulations and distributing summaries of new
1. Training and Socialization of Regulations (Compliance regulations, including establishing follow-up on
Awareness Program) new regulations and identifying RCSA updates.
CMU carries out regulatory socialization through • Periodic Monitoring Review Module: to manage
Compliance News media (email) and training Periodic Monitoring Review (PMR) activities
applications (e-learning LoG). CMU also administers that are limited to recording PMR activities and
and updates the banking regulations database on the following up on PMR results to business units and
Bank’s internal portal (e-Manual). Various socialization apply to the Compliance Management Unit (CMU)
and training activities include: and other parties and/or work units involved.
• RCU Forum and RCU Leadership. • Module Unit Review: used to review the results of
• Compliance Agent Rewards for Business Units. self-assessments carried out by business units.
• Bi-Weekly Meeting Compliance Management
• Socialization of new regulations, workshops and
refreshments on compliance aspects.
• Compliance Certification.
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4. Compliance Monitoring 2) Implementation of Compliance Reviews in Work Units
CMU monitors the implementation of compliance in using the Aligned Assurance method where the CMU
work units through the RCSA self-assessment carried collaborates (liaises) with Internal Audit in compliance
out by each RCU/DCORO as well as the results of reviews.
other independent audits (such as from the Internal 3) Updating the methodology and implementation of
Audit unit, Risk Management unit) and the results of KPI Compliance Risk for assessing the performance
inspections by the competent authorities. In addition, of the Board of Directors and all employees, including
CMU also conducted a Compliance Management considering fines from the Regulator on the KPI of
Services Survey for internal and external parties. related employees.
4) Develop a data analytic approach for monitoring
5. Compliance Review compliance in work units.
The CMU carries out compliance reviews (unit
reviews, periodic reviews and thematic reviews) in COMPLIANCE MANAGEMENT UNIT WORK
work units. The review was carried out to verify the PLAN IN 2025
self-assessment process carried out by the work Going forward, the following are some CIMB Niaga’s CMU
unit on RCSA and assess whether there were any work programs for 2025:
compliance issues in the work unit. In addition, CMU 1. Programs and activities in compliance awareness,
carries out compliance reviews on the implementation namely: updating the regulatory database as well as
of RCSA self-assessments in work units. CMU has socialization and training.
carried out compliance reviews for 30 (thirty) work 2. Regular training program for RCU and DCORO
units throughout 2024. functions to increase competency and strengthen the
RCU function through the RCU Forum.
6. Supervision by Regulators 3. Programs and activities in Compliance Testing, which
CMU is tasked with coordinating regulatory audit include compliance testing of new product/activity
activities at CIMB Niaga. Throughout 2024, CMU plans and policies/procedures, as well as providing
has coordinated the audit activities of the OJK advisory recommendations/opinions related to the
Conventional Supervisor, OJK Sharia, and Bank fulfillment of compliance aspects.
Indonesia. Based on the Bank’s monitoring results, 4. Programs and activities in monitoring compliance
the Bank’s commitment to the regulatory audit results implementation, including:
has been followed up on in accordance with the target • Self-assessment of RCSA by RCU and reporting
date, and there is no audit follow-up commitment with the results to CMU.
an “overdue” status to the regulator. • Monitoring the follow-up of the Bank’s
commitments to the competent authorities.
7. Compliance Report • Monitoring the compliance status of each member
CMU submits reports on Bank’s compliance and of the CIFC.
compliance activities to the internal parties and • Implementation of compliance monitoring
authorized regulators in accordance with the (including compliance reviews) through the
regulations. ReCoM application.
5. Programs and activities in the KPI Compliance and
Compliance Activities 2024 Assessment Report
• Regular Compliance Reports to the Board of
Socialization of New Regulations by CMU 66 new regulations
Directors, Board of Commissioners, and Financial
Training by CMU 11,757 training participants
Services Authority.
Compliance testing by CMU 551 compliance testing • Preparation of KPIs related to compliance for
directorate and work units, as well as KPIs for
In addition to the above activities, CMU also carries out RCU.
various initiatives to support and develop a Compliance 6. Integrated Compliance Function Activities
Culture, including: • Conduct Integrated Compliance reporting
1) Implementing and strengthening RCU functions and on the implementation of compliance in CIFC
infrastructure to support first-line functions in Work periodically to the Board of Directors and Board of
Units in managing compliance risks. Commissioners of the Bank as the Main Entity.
• Aligning the compliance framework with the
Compliance Function of FSIs who are members of
CIFC.
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Anti-Money Laundering (AML),
Counter-Terrorism Financing (CTF) and
Counter- Proliferation Financing of Weapon of
Mass Destruction (CPFWMD) Program
The implementation of the Anti-Money Laundering, of Anti-Money Laundering and Counter-Terrorism
Counter-Terrorism Financing, and Counter-Proliferation Financing Programs in the Capital Markets Sector, Bank
Financing of Weapons of Mass Destruction (AML, CTF, Indonesia Regulation No. 10 of 2024 on Implementation
and CPFWMD) programs is an obligation for all parties, of Anti-Money Laundering Counter-Terrorism Financing,
particularly the Bank as financial service providers. This and Counter-Proliferation Financing of Weapon of Mass
is mandatory for the Bank, considering perpetrators’ Destruction For Parties Regulated and Supervised by
methods for using banks as a means for money laundering Bank Indonesia, and is based on internationally applicable
crimes (MLC), terrorism financing crimes (TFC), and best practices. Furthermore, CIMB Niaga implements
proliferation financing of weapons of mass destruction the AML, CTF, and CPFWMD programs as part of the
(PFWMD) are becoming more diverse. Bank’s Board of Directors and Board of Commissioners’
commitment to fostering a Risk Culture at all levels of
the organization, as well as preventing the misuse of the
To that end, CIMB Niaga has established a special Anti- Bank’s products, services, and e-channels as a media for
Money Laundering (AML) Work Unit, which reports money laundering, terrorism financing, and proliferation
directly to the Compliance Director and is responsible for financing of weapons of mass destruction.
the implementation of the Bank’s AML, CTF, and CPFWMD
programs. CIMB Niaga also runs AML, CTF, and CPFWMD Furthermore, CIMB Niaga also fulfills its obligations to
programs that use a risk-based approach to assess its the OJK Regulations and Circular Letters in terms of AML,
risks at both the customer (customer risk rating) and CTF, and CPFWMD Program Implementation, as well
bank-wide (Bank AML rating) levels. as Guidelines for the Immediate Blocking of Customer
Funds in the Financial Services Sector whose names
AML, CTF & CPFWMD POLICIES appear on the List of Suspected Terrorists and Terrorist
The AML, CTF, and CPFWMD program refers to Money Organizations and the List of Proliferation Financing of
Laundering Crime Law No. 8 of 2010, Prevention and Weapons of Mass Destruction.
Eradication of Terrorism Financing Crimes Law No. 9 of
2013, OJK Regulation No. 8 of 2023, OJK Circular Letter MECHANISM FOR THE APPOINTMENT
No. 32/SEOJK.03/2017 on Implementation of the AML/ AND DISMISSAL OF THE HEAD OF AML &
CTF Program in the Financial Services Sector, and OJK CTF WORK UNIT (HEAD OF ANTI MONEY
Circular Letter No. 47/SEOJK.04/2017 on Implementation LAUNDERING (AML))
The Head of AML is appointed and dismissed based on
the decision of the Board of Directors and reported to the
OJK.
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HEAD OF AML PROFILE
Educational • Bachelor of Science in Mathematics from Bandung Institute of Technology (2001)
Background & • Level 6 Risk Management Certification
Professional • Level 2 Compliance Certification
Certifications • Certified Anti Money Laundering Specialist (CAMS)
• Certified Global Sanctions Specialist (CGSS)
Work • Senior Vice President – Head of AML at CIMB Niaga (2022 – present)
Experiences • Vice President – AML Business Alignment & Awareness Head at CIMB Niaga
(2019 – 2022)
• Vice President – AML Policy & System Head at UOB Indonesia (2013 – 2018)
• Senior Manager – Process Design Retail Credit Loan Operations at UOB Indonesia
(2011 – 2013)
• Manager – Operations & Policy Management Retail at UOB Indonesia (2009 –
2010)
• Manager – Operation Development at OCBC NISP (2001 – 2008)
Legal Basis of SK No. 314/OMTKA/SS/HR/III/2022
Appointment
Peter Gunawan
Head of Anti Money Laundering (AML)
Age 46 years old
Gender Male
Nationality Indonesia
Domicile Jakarta
TRAINING OF HEAD OF AML IN 2024
Name of Training/Workshop/Seminar Organizer Date & Place
Generative AI & Voice Analytics for AML Deloitte 26 January 2024
Online
Certified Global Sanctions Specialist (CGSS) Association of Certified Anti- 7 February – 13 March 2024
Money Laundering Specialists Online
(ACAMS)
Handling of Crime with the Enactment of the P2SK Law and POJK 16 of 2023 Banking Compliance Director 29 February 2024
Communication Forum (FKDKP) Online
Optimizing the Role of the Financial Industry to Prevent Green Financial FKDKP 29 April 2024
Crime and Other Predicate Crimes Jakarta
International Seminar on AML/CFT and PF “Strengthening International Financial Transaction Reports 17 May 2024
Cooperation on Asset Recovery and Urgency of Detection of Illicit Financial and Analysis Center (PPATK) Bali
Flows on Cyber-Enabled Fraud”
FGD Stocktaking Challenges of Implementing Multilateral and Unilateral Ministry of Foreign Affairs of the 20 June 2024
Sanctions for Economic Diplomacy Republic of Indonesia Bandung
Financial Crime Risk Management in The Digital Age and Financial Crimes U.S Department of Justice, 26 June 2024
Enforcement Network (FinCEN) Overview the Office of Prosecutorial Jakarta
Development, Assistance, and
Training (USDOJ OPDAT)
Workshop on Assistance in the Implementation of Risk-Based AML/CFT/CFP U.S Department of Justice, 27 June 2024
Program and Virtual Assets in the Financial Service Sector 2024 the Office of Prosecutorial Bali
Development, Assistance, and
Training (USDOJ OPDAT)
Legal Update “Law No. 4 of 2023 on Development and Strengthening of the CIMB Niaga 28 August 2024
Financial Sector (P2SK Law) Jakarta
International Seminar “Optimizing Collaboration in Preventing and Handling PPATK 24 September 2024
Green Financial Crime in Indonesia Towards Golden Indonesia 2045” Online
RCU Leadership Program : Collaborative & Synergistic Team CIMB Niaga 12 November 2024
Bogor, West Java
Combating Online Gambling and New Crimes in the Digital Economy Era 5.0 OVO 19 November 2024
Jakarta
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ORGANIZATIONAL STRUCTURE OF THE AML WORK UNIT
Compliance, Corporate
Affairs & Legal Director
Head of AML
AML Business AML System & AML Testing &
AML Analyst
Alignment & Awareness Reporting Quality Assurance
DUTIES AND RESPONSIBILITIES OF THE AML 7. Map these risks bank-wide and carry out assessments
WORK UNIT and validations from time to time in Branch offices
The AML Work Unit has the following duties and and Business Units, both off-site and on-site.
responsibilities: 8. Increase AML awareness within the First Line of
1. Plan and develop strategies for implementing the Defense as the front line of the Bank’s defense in the
AML, CTF & CPFWMD Programs to identify the implementation of AML, CTF & CPFWMD.
inherent risks and measure and manage those risks to 9. Ensure that the Bank’s responds to and fulfills data
ensure proper mitigation. and information requests from authorized agencies as
2. Develop Bank AML, CTF & CPFWMD policies and regulated in applicable laws and regulations related
procedures in accordance with applicable laws, to money laundering, terrorism, and proliferation
regulations, and best practices that will guide financing.
employees in running business and banking 10. Provide information services in the form of suggestions
operations. or recommendations to Business Units and Branch
3. Evaluate and maintain every Policies and Procedures Offices with regards to AML, CTF & CPFWMD.
for products, services, and e-channels owned by 11. Undertake the reporting process for Suspicious
CIMB Niaga to prevent them from being misused Financial Transactions (LTKM), Cash Financial
as a medium for money laundering and financing of Transactions (LTKT), IFTI, Integrated Service User
terrorism or proliferation. System (SIPESAT), Suspected Terrorism Financing
4. Prepare an information system to support the Information System (SIPENDAR), OJK Online Reporting
implementation of the AML, CTF & CPFWMD Application (APOLO), Anti Money Laundering and
programs in the identification and classification of Counter Terrorism Financing Programs Information
customers according to the type of risk, monitoring System (SIGAP) and other reports in accordance with
transactions, and ensuring screening results against applicable laws and regulations in an accurate and
the AML watchlist. timely manner.
5. Identify the risks of AML, CTF & CPFWMD based 12. Monitor the implementation of AML, CTF, and
on NRA, SRA, and the criteria and parameters of 5 CPFWMD at the Business Unit and Branch Office
(five) risk factors, namely customer profile, business, levels using Testing and Quality Assurance methods
country and geography, products used, and types for Risk Control Self-Assessment (RCSA), and provide
of business entities that are vulnerable to money ratings to Business Units and Branch Offices for
laundering. future corrective action.
6. Measuring AML, CTF & CPFWMD risks and controlling 13. Update the information system to reflect the most
the mitigation of those risks through the Risk Control recent developments in technology, transactions,
Self-Assessment (RCSA) mechanism in order to products, services, and activities.
minimize the incidence of potential money laundering
in Business Units and Branch offices.
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IMPLEMENTATION OF THE AML, CTF & 2. Risk-based AML, CTF & CPFWMD policies and
CPFWMD PROGRAMS IN 2024 procedures in accordance with the complexity of the
CIMB Niaga has implemented 3 (three) lines of defense Bank’s business, which include provisions related to
to fulfill the implementation of the AML, CTF & CPFWMD the following:
Programs, as follows: a. Customer Due Diligence (CDD) in the context of
Customer Identification and Data Updating, including
1. First Line Defense classification methods for determining customer risk
The First Line of Defense is carried out by Business in terms of potential money laundering, terrorism
Units/Branch Offices, which perform daily company financing, and proliferation financing of weapons of
activities on the front lines of the organization. In mass destruction, Beneficial Owner identification,
each Business Unit/Branch Office, there is a person and customer data filtering against the Anti Money
in charge of implementing the AML, CTF & CPFWMD Laundering Watchlist (AML) database screening.
programs named as Local AML, who also has access The updated data realization in 2024 is 128,710 CIF
to the information system for handling AML, CTF & (99.01%) of 130,000 CIF.
CPFWMD. b. AML, CTF & CPFWMD risks measurement is
carried out using Risk Based Approach (RBA)
2. Second Line of Defense indicators/parameters, which include Customer
The Second Line of Defense serves the monitoring Risk Rating and Bank AML Risk Rating.
function to ensure that the First Line of Defense c. Control and management of AML, CTF & CPFWMD
has done its function properly. The AML Work Unit, risks is carried out through the implementation of
which is accountable for the second line of defense, the Customer Due Diligence (CDD) or Enhanced
develops strategies, steps, and systems to strengthen Due Diligence (EDD) process to determine customer
the implementation of the AML, CTF & CPFWMD profiles and analyze the suitability of transactions
programs. with the Customer/WIC profile as well as the
socialization of policies and procedures, training of all
3. Third Line of Defense Bank employees, and evaluating the implementation
The Third Line of Defense serves the supervisory of AML, CTF & CPFWMD in Branch Offices through
function for the implementation of the AML, CTF & Risk Control Self-Assessment (RCSA).
CPFWMD programs carried out by the first and second d. Continuous monitoring and analysis to identify
lines of defense. This function is carried out by internal conformity between customer transactions and
audit, external audit, and the Board of Commissioners customer profiles, including closing business
to ensure that the first-line and second-line defense relationships and rejecting transactions in the
functions are operating effectively. context of implementing AML, CTF & CPFWMD.
e. Identification and assessment of risks of money
Throughout 2024, the Board of Directors, in collaboration laundering, terrorism financing and proliferation
with the Board of Commissioners, actively supervises the financing of weapons of mass destruction
implementation of the AML, CTF & CPFWMD programs related to Bank products and services as well as
through the following: e-channels opening.
f. Identification and Reporting of LTKM, LTKT,
1. Establish a special organization for the Anti-Money Overseas Financial Transactions (LTKL), SIPESAT,
Laundering (AML) Unit that serves the function of Suspected Terrorism Financing Information
implementing the AML, CTF & CPFWMD programs. System (SIPENDAR) to the PPATK, OJK Online
In carrying out its functions, the AML unit reports Reporting Application (APOLO) and other reports.
to and is directly responsible for the Compliance g. New employee screening procedures and
Director. Staff in the AML unit have adequate banking employee transaction monitoring as part of the
knowledge and experience regarding risk assessment Know Your Employee (KYE) implementation.
and mitigation related to the implementation of AML, h. Administration of CDD documents and other
CTF & CPFWMD programs. All staff have undergone documents related to AML, CTF & CPFWMD.
compliance training and certification. i. Follow up on the results achieved and report
AML, CTF & CPFWMD risks exposure to senior
As of December 2024, the AML unit was staffed by management, committees, and regulators.
30 (thirty) people. Furthermore, given the Bank’s j. Internal Control, includes:
large size, each Branch Office and business unit 1) Preparation of processes and controls as
has a DCORO and a Local AML Team who ensure business unit guidelines and to ensure
the implementation of AML, CTF & CPFWMD in the compliance and understanding of the AML,
relevant area and are in charge of accessing and CTF & CPFWMD programs. Controls are
monitoring current customer transactions, with the contained in policies and procedures (SOP)
AML team currently totaling 2,851 employees. related to AML, CTF & CPFWMD.
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2) Testing and Quality Assurance (QA) processes 5. AML, CTF & CPFWMD Risks Assessment
to ensure that Branch Offices and Work Units The Bank has developed a risk-based approach
have implemented AML, CTF & CPFWMD method to measure AML, CTF & CPFWMD risks at the
according to applicable policies and customer (customer risk rating) and bank-wide (Bank
procedures. AML risk rating) levels:
3) Assessment of risk indicators based on risk a. Customer AML Risk Rating (CRR), which measures
considerations and appropriate methodology the AML, CTF & CPFWMD risks associated with
and documentation. each customer using indicators such as customer
identity/profile, geographic/country and business
3. Management Information System in the context of factors, products/services/channels used by
implementing AML, CTF & CPFWMD. customers, and type of business entities, is
For the purpose of monitoring customer profiles and classified as Low, Medium, or High.
transactions, CIMB Niaga has an application system
that can identify and determine customer risk levels, CIMB Niaga’s risk profile in 2024 is as follows:
as well as analyze, monitor, and provide reports on No Customer Risk Total %
the characteristics of customer transactions, such as
1 Low Risk 35 0
identifying suspicious financial transactions.
2 Medium Risk 5,803,258 94.02
This application is capable of carrying out 3 High Risk 369,010 5.98
comprehensive monitoring of all customer
transactions at the Bank, including credit card, wealth b. The Bank AML Risk Rating (BARR) is the result
management, and custody products. This application of an assessment of CIMB Niaga’s AML, CTF &
is equipped with parameters and thresholds that CPFWMD risk measurement, which is determined
are continuously evaluated in accordance with based on the inherent risk and the level of AML,
developments in money laundering modes, terrorism CTF & CPFWMD risk control and control at the
financing, and proliferation financing of weapons of Bank. Based on our assessment, the Bank’s overall
mass destruction. AML, CTF & CPFWMD Compliance Risk Profile at
the end of 2nd Semester of 2024 is “Moderate”.
Additionally, this application also serves the function In 2024, assessments have been carried out on
of carrying out the screening process for watchlists 126 branches and 11 business units by providing
as well as reporting LTKM, LTKT, LTKL & SIPESAT, input to branches and business units for future
SIPENDAR, APOLO, SIGAP, and other reports. The improvements.
AML system can also monitor updates to customer
data and the completeness of data when opening an 6. Internal Control to evaluate the adequacy and
account. The Bank is also constantly improving the effectiveness of the AML, CTF & CPFWMD programs.
applications used to add new functions to the system, In order to ensure that the implementation of the
increasing its effectiveness and efficiency. AML, CFT & PFPWMD programs is in accordance with
predetermined policies, self-assessment procedures
4. Screening of the Watchlist are implemented at branch offices or through the Risk
The Bank carries out screening for every account Self-Assessment method.
opening and customer business relationship against
watchlists issued by the competent authorities and 7. Compliance testing and providing opinions regarding
watchlists commonly used in international best AML, CTF & CPFWMD
practices (including the Office of Foreign Assets In 2024, the AML work unit reviewed policies,
Control (OFAC) List, United Nations (UN) List, procedures, products/activities/channels to ensure
Suspected Terrorists and Terrorist Organizations compliance with applicable laws and regulations
(DTTOT) and Proliferation List, Politically Exposed related to AML, CTF & CPFWMD. In addition, the AML
Person (PEP) List, and negative news (adverse news). work unit provided 7,087 opinions to business work
In addition, the Bank has subscribed to the watchlist units and other work units regarding various questions
database from Thomson Reuters-Worldcheck. The and problems related to the implementation of AML,
Bank also carries out re-screening of all existing CTF & CPFWMD.
customers every time there is an update/addition to
the watchlist.
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8. AML, CTF & CPFWMD Training (Certification) for AML Training
Employees
AML, CTF & CPFWMD training must be attended by 12,297 15,198 20,636
all employees periodically. Training methods are
carried out both in class and through e-learning. The
number of employees participating in Bank AML,
CTF & CPFWMD training in 2024 reached 20,636,
including online training via the Learning on the Go
(LoG) application.
2022 2023 2024
9. Reporting and Submission of data to regulators and law enforcement
Reporting to PPATK in the context of AML, CTF & CPFWMD implementation is carried out by the AML work unit at the
head office as follows:
Reporting Data to PPATK in 2022-2024
3,814 4,479 9,198 92,195 85,382 82,738 254,516 267,745 290,494 832,765 1,303,000 1,803,551
2022
2023
2024
LTKM LTKT LTKL SIPESAT
NUMBER OF CORRESPONDENCE WITH REGULATORS IN 2024
Agency Total Data Request
PPATK/BNN/KPK/OJK/POLRI 772
Investigation 4
10. Improvement initiatives in 2024
In 2024, in order to improve the implementation of the AML, CTF & CPFWMD programs, the AML work unit is
implementing several initiatives, as follows:
a. Continuing the Collaborative Analysis Team (CAT) reporting for the 2024 General Election.
b. Developing parameters to identify Investment Fraud transactions in the Cooperative sector
c. Adjusting the APU, PPT & PPPSPM training modules via mobile application
d. Conducting system development related to updating existing customer data based on trigger events in real time.
e. Developing a system to administer approval for accepting customers with high risk profiles on the BDS system
f. Conducting system development related to transaction analysis dashboard
g. Aligning AML, CTF & CPFWMD policies/procedures in order to ensure compliance with applicable regulations
h. Carrying out AML, CTF & CPFWMD risks measurements at the financial conglomerate level
i. Carrying out an assessment process for the implementation of AML, CTF & CPFWMD at the Business Unit/Branch
Office level and subsidiaries (CNAF&CNS) that have higher risks.
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AML, CTF & CPFWMD PLAN FOR 2025 d. Adjusting the AML, CTF & CPFWMD training modules,
In 2025, CIMB Niaga has prepared a work plan to support specifically for Front-liners via mobile application
the implementation of AML, CTF & CPFWMD as follows: e. Aligning AML, CTF & CPFWMD policies/procedures
a. Improving parameters related to fraud and online in order to ensure compliance with applicable
gambling regulations and CIMB Group policies.
b. Improving the calculation methodology for f. Conducting the assessment and alignment process for
Institutional Risk Assessment (IRA) related to funding bankwide implementation of AML, CTF & CPFWMD
proliferation of weapons of mass destruction (business units/branch offices) and conglomerates
c. Conducting preparations for the Sharia Business Unit (subsidiaries) by considering the latest NRA
(SBU) spin-off plan, including: AML organizational (National Risk Assessment) and SRA (Sectoral Risk
structure, policies and procedures, systems and Assessment) issued by the regulator.
reporting
Public Accountant
POLICY FOR APPOINTMENT OF PUBLIC EFFECTIVENESS OF AUDIT IMPLEMENTATION
ACCOUNTANT BY PUBLIC ACCOUNTANT
CIMB Niaga has decided to appoint Jimmy Pangestu, S.E., CPA The Audit Committee actively communicates with the
and Public Accounting Firm Rintis, Jumadi, Rianto & Rekan appointed PA and/or PAF before the audit process begins
(formerly Public Accounting Firm Tanudiredja, Wibisana, about issues that concern the Audit Committee, as well
Rintis & Rekan) (a member firm of PricewaterhouseCoopers as evaluating the audit implementation process by the PA
Global Network) which are registered with the OJK as and/or PAF after the audit process is completed and the
Public Accountant (PA) and Public Accounting Firm (PAF) results are submitted to the OJK.
respectively to conduct an audit of the Bank’s Consolidated
Financial Statements for the 2024 financial year. This SUPERVISION AND COMMUNICATION BETWEEN
appointment refers to OJK Regulation No. 37/POJK.03/2019 PUBLIC ACCOUNTANT AND THE BANK
on Transparency and Publication of Bank Reports and OJK The PA is required to communicate the audit plan, audit
Regulation No. 9 of 2023 on the Use of Public Accounting methodology, and audit samples the audit plan for the
Services and Public Accounting Firms in Financial Services Bank’s Financial Statements to the Audit Committee and
Activities as well as the Annual GMS resolution on 3 April the Internal Audit. The Audit Committee and Internal
2024, based on the recommendations of the Board of Audit continue to monitor and ensure the smoothness and
Commissioners and the Audit Committee conformity of the external audit process with applicable
regulations as well as evaluating the quality of the audit
PERIOD OF SERVICE OF PUBLIC process.
ACCOUNTANT AND PUBLIC ACCOUNTING
FIRM Discussion on supervision and monitoring of PA and/or
CIMB Niaga employs audit services for historical financial PAF performance is conducted in the Audit Committee
information in accordance with OJK Regulation No. 9 meeting attended by Internal Audit and relevant Board
of 2023, specifically from the same PA for a maximum members. In order to provide comprehensive and optimal
of 7 (seven) consecutive years. Meanwhile, the Audit audit results, the meeting also discussed the follow-up to
Committee determines the use of PAF services based on audit findings by PA and/or PAF.
its assessment of the potential risks associated with using
the same PAF services for an extended period of time.
In 2024, PA Jimmy Pangestu, S.E., CPA was appointed for
the second time after the replacement from the previous
PA, with KAP Rintis, Jumadi, Rianto & Rekan (a member
firm of the PricewaterhouseCoopers Global Network)
which has obtained a Registered Certificate from the OJK
through letter No. STTD.KAP-22/PM.021/2024 dated 27
May 2024.
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OPINION OF THE PUBLC ACCOUNTING FIRM
In carrying out the audit, KAP Rintis, Jumadi, Rianto & Rekan (a member firm of the PricewaterhouseCoopers Global
Network) demonstrated an independent, competent, professional and objective attitude in accordance with the
Professional Standards for Public Accountants. CIMB Niaga received an opinion that “ The Consolidated Financial
Statements presented fairly, in all material respects.” The Consolidated Financial Position of PT Bank CIMB Niaga Tbk
and its Subsidiaries as of 31 December 2024, as well as the consolidated financials performance and its consolidated
cash flows for the year then ended, in accordance with Indonesian Financial Accounting Standards”.
NAMES, PERIODS, AND FEES FOR PUBLIC ACCOUNTING FIRM AND PUBLIC ACCOUNTANTS CONDUCTING
THE AUDIT ON THE BANK’S ANNUAL FINANCIAL STATEMENTS IN THE LAST 5 (FIVE) YEARS
Public Accountant PAF PA Fee*
Year Public Accountant Firm PAF License
(Partner in charge) Period Period (excluding Tax)
2024 KAP Rintis, Jumadi, Rianto Jimmy Pangestu, S.E., CPA Rp11,107,875,250 KEP-315/KM.1/2024
1
& Rekan**
2
2023 KAP Tanudiredja, Wibisana, Jimmy Pangestu, S.E., CPA Rp11,000,000,000 KEP-241/KM.1/2015
Rintis & Rekan
2022 KAP Tanudiredja, Wibisana, Drs. Irhoan Tanudiredja, CPA Rp10,226,700,000 KEP-241/KM.1/2015
Rintis & Rekan
9
2021 KAP Tanudiredja, Wibisana, Drs. Irhoan Tanudiredja, CPA Rp9,880,000,000 KEP-241/KM.1/2015
3
Rintis & Rekan
2020 KAP Tanudiredja, Wibisana, Drs. Irhoan Tanudiredja, CPA Rp9,700,000,000 KEP-241/KM.1/2015
Rintis & Rekan
*
The audit fees have included the Subsidiary’s audit fees.
**
formerly KAP Tanudiredja, Wibisana, Rintis & Rekan
OTHER SERVICES PROVIDED BY THE PUBLIC ACCOUNTING FIRM AND PUBLIC ACCOUNTANT OTHER
THAN THE AUDIT ON THE LAST ANNUAL FINANCIAL STATEMENTS (NON-AUDIT FEES) IN 2024
In 2024, there were non-audit services provided by KAP Rintis, Jumadi, Rianto & Rekan (a member firm of the
PricewaterhouseCoopers Global Network) with a total cost of Rp215,000,000 related to the Cross-border review of tax.
Risk Management System
OVERVIEW OF RISK MANAGEMENT SYSTEM in order to achieve sound and sustainable business
IMPLEMENTATION AT CIMB NIAGA growth; maximize shareholder value; and manage capital
Risk management becomes an integral part form Bank’s comprehensively while adhering to the principle of
culture and decision-making process. The Bank’s risk prudence and based on risk. The implementation of the
management culture is realized through the three EWRM framework aims to allow the Bank to realize its
lines of defense philosophy, which connecting all risk targets and business plans while still taking into account
management activities that have been formed since the principle of prudence, maintaining good financial
the process of identification, assessment, control, and performance, compliance with applicable regulations,
reporting to Senior Management, as well as supervision and the CIMB Niaga’s franchise/brand value.
by the Board of Directors and Board of Commissioners.
Through the implementation of the EWRM framework,
CIMB Niaga implements a risk management system risks are managed in an integrated manner by aligning
by referring to the Enterprise-Wide Risk Management risk appetite with business strategy. EWRM is designed
(EWRM) framework. This framework provides a basis for a using complementary “top-down strategic” and “bottom-
proactive and forward-looking risk management process up tactical” risk management approaches. Some of the
main components in the EWRM framework are:
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Highlights Report Profile Discussion & Analysis Management
1. Risk Culture CIMB Niaga risk management process is carried
The risk management culture is described as out by The Risk Management Unit (RMU), as an
employee awareness, attitude, and action towards independent unit from the business unit. RMU
risk and the Bank’s risk management. In order to is in charge of developing a comprehensive risk
strengthen risk culture, the implementation of risk management process that includes risk identification,
management in the Bank adheres to the three lines measurement, monitoring, and control, as well as
of defense philosophy, in which risk is managed from submitting risk rating reports and developing an
the point of risk-taking activities to ensure clear internal control system. Furthermore, RMU also
accountability on risk throughout the organization coordinates and socializes all risk management
and the Risk Management Unit (RMU) as an enabler of processes within the Bank.
business units.
A comprehensive explanation of the Bank’s risk
2. Governance management implementation has been explained in
The Bank’s governance structure through risk detail in the Risk Management Chapter of this Annual
committees aims to enhance the four eyes principle Report.
mechanism, independency, and transparency in the
entire risk management process to ensure consistency RISK MANAGEMENT UNIT
in EWRM implementation.
STRUCTURE AND ORGANIZATIONAL POSITION OF
3. Risk Appetite RISK MANAGEMENT
The type and amount of risk that the Bank is willing The Risk Management Unit (RMU) is led by the Risk
to accept in order to meet its strategic and business Management Director, who is responsible directly to the
objectives, as described in the Risk Appetite President Director. Information on the structure of the
Statement (RAS). The RAS includes Red-Amber- Bank’s Risk Management Unit is presented in the Risk
Green indicators and thresholds, and the information Management Chapter of this Annual Report.
in the RAS will provide management with an overview
of the Bank’s conditions, allowing management to take PROFILE OF HEAD OF RISK MANAGEMENT UNIT
corrective action in a timely manner. Risk Appetite RMU Head held by Risk Management Director which is
is formulated and managed through adequate subject to the appointment, dismissal, and term of office
governance with clear roles and responsibilities of the of the Board of Directors, as described in the Board of
unit/organizations involved. Directors discussion in this Annual Report’s Corporate
Governance Report.
4. Risk Management Process
This process is part of daily activities to ensure that
risks can be considered, evaluated and responded
to in a timely and appropriate manner. This process
includes business planning, risk identification and
assessment, risk measurement, risk management,
and control, as well as monitoring and reporting.
5. Risk Management Infrastructures
An effective risk management infrastructure is
essential for EWRM implementation to run effectively.
The risk management process supported by risk
management infrastructure consists of 3 (three)
Henky Sulistyo
components, namely: Policies, Methodologies and
Risk Management Director
Procedures, Human Resources (HR), and Technology
and Data. The complete profile is presented in the
Profile of the Board of Directors.
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MEMBERS OF RISK MANAGEMENT UNIT
Koei Hwei Lien Wahdinie Musmar
Head of Retail Credit Risk Management Head of Non-Retail Credit Policy and Assurance Testing
The complete profile is presented in the Profile of Senior Executive. The complete profile is presented in the Profile of Senior Executive.
Julius Wiantara Tjhioe Sandi Maruto
Head of Operational Risk Management (ORM) Head of ALM Risk
The complete profile is presented in the Profile of Senior Executive. The complete profile is presented in the Profile of Senior Executive.
Diva Mahdi Tjahjadi Yapeter
Head of Market Risk Management & Model Validation Head of Non-Retail Credit Risk Management
The complete profile is presented in the Profile of Senior Executive. The complete profile is presented in the Profile of Senior Executive.
Jemy Kristian Soegiarto
Head of Risk Analytics & Infrastructure
The complete profile is presented in the Profile of Senior Executive.
CERTIFICATION OF RISK MANAGEMENT UNIT LEADERS
Name Certification
Henky Sulistyo Certification data is presented in the profile of Board of Directors
Risk Management Director
Koei Hwei Lien Level 6 Risk Management Certification
Head of Retail Credit Risk Management
Julius Wiantara Tjhioe Level 6 Risk Management Certification
Head of Operational Risk Management (ORM)
Diva Mahdi Level 6 Risk Management Certification
Head of Market Risk Management & Model Validation
Wahdinie Musmar Level 6 Risk Management Certification
Head of Non-Retail Credit Policy and Assurance Testing
Sandi Maruto • Certified Financial Risk Manager (FRM)
Head of ALM Risk • Level 6 Risk Management Certification
Tjahjadi Yapeter Level 6 Risk Management Certification
Head of Non-Retail Credit Risk Management
Jemy Kristian Soegiarto Level 6 Risk Management Certification
Head of Risk Analytics & Infrastructure
DUTIES AND RESPONSIBILITIES OF THE RISK
MANAGEMENT UNIT 7. Provide recommendations related to the amount or
1. Monitor the implementation of risk management maximum risk exposure that the Bank could tolerate
strategies recommended by the Risk Management to the risk taking units and the Risk Management
Committee (RMC) and approved by the Board of Committee in accordance with their respective
Directors. authorities.
2. Provide feedback to the Board of Directors, among 8. Evaluate the accuracy of the risk model and the
others, on the development of Risk Management validity of the data used in risk measurement, in the
Policy. event that the Bank uses a risk model for internal
3. Monitor the position or overall risk exposures for each purposes.
risk type and each type of functional activity. 9. Prepare and submit risk profile reports to the Board of
4. Perform stress testing to identify the impact of Directors, RMC, and the Sharia Supervisory Board (for
significant external conditions on performance, SBU Risk Profile) on a regular basis.
liquidity, and capital. 10. Monitor risk management policy implementation,
5. Perform periodic reviews of the risk management including developing procedures for risk identification,
process. measurement, monitoring, and control methods.
6. Perform reviews on proposals for new products or 11. Review proposed new strategic business lines that
activities applied or developed by a certain unit. The will have a significant impact on the risk exposure of
review shall focus mainly on the capability of the Bank the Financial Conglomerate.
to deliver such a new product/activity, including the 12. Perform independent reviews of the credit
systems and procedures to be used and their impact underwriting process, including post-mortem reviews.
on the overall risk exposures.
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13. Perform the duties of the Integrated Risk Management 17. Review methodology for implementing risk
Unit with regard to the implementation of Integrated management in the Bank based on the most recent
Risk Management. best practices, as well as efforts to harmonize the
14. Provide feedback to the Integrated Risk Management implementation of risk management in Subsidiaries
Committee regarding the formulation and Companies.
enhancement of Integrated Risk Management
policies. COMPETENCY DEVELOPMENT AND
15. Prepare and submit regular Integrated Risk Profile PROFESSIONAL CERTIFICATION PROGRAMS FOR
Reports to the Integrated Risk Management Committee. RISK MANAGEMENT UNIT PERSONNEL
16. Provide information to the Integrated Risk As of 31 December 2024, the RMU has a total of 222 (two
Management Committee regarding issues that hundred and twenty-two) personnel. In order to support
need to be followed-up on related to the results of the competency development and improvement of RMU
evaluations on the implementation of Integrated Risk personnel, the head and personnel of the RMU attended
Management. a variety of training programs during 2024, among others:
No Name of Training/Workshop/Conference/Seminar Organizer Date & Place
1 Credit Academy CIMB Niaga, Moody’s, Alta Perfecto, January - December 2024
Indonesian Institute Management Jakarta and West Java
2 Level 2 of Financial Analyst Academy (CFA) CIMB Niaga and Binus School 27 July, 3, 10 and
24 August 2024
Jakarta
3 Anti-Fraud Awareness CIMB Niaga, Gartner, Deloitte, Banking 26 and 29 February,
Compliance Director Communication Forum 13 August and,
(FKDKP) 1 November 2024
Jakarta & Online
4 Risk Management Certification CIMB Niaga, Rahardja Duta Solusindo, January – December 2024
Gagas Prima Solusi, Banking Strategic Jakarta & Online
Learning
5 Anti-Money Laundering – Implementation of AML, CTF, and Financial Transaction Reports and Analysis 1 November 2024
CPFWMD Program Center (PPATK) Jakarta
6 Artificial Intelligence Innovation Summit 2024 & CIMB Niaga and Korika 12 August, 3 and
Generative AI Club 30 October, and
18 November 2024
Jakarta
7 Climate Risk Awareness, Green Washing & Sustainability Blunomy, CIMB Niaga, Otoritas Jasa May, June, July, August and
Keuangan (OJK), International Financial October 2024
Corporation Jakarta & Online
8 Overview of IFRS9, Sustainability Data and Reporting Ernest and Young 11 and 14 November 2024
Online
9 Bank Indonesia International Risk Management Seminar Bank Indonesia 27 June 2024
Bali
10 Asset Liability Management and Financial Market CIMB Niaga, Alta Perfecto, Mahaka May, August, September –
Institute November 2024
Jakarta, West Java and
Online
11 Leadership Development Program CIMB Niaga, MBS Management February – December 2024
Development, Momenta, School of Business Jakarta, West Java,
& Management ITB Jakarta, IMD Singapore, Australia, Estonia, Malaysia,
Asia School of Business Singapore, and Online
RISK MANAGEMENT PROFESSIONAL CERTIFICATION
The number of Bank’s personnel who have obtained the Risk Management Professional Certification (RMPC) is as follows:
Certification Required
Already Recertified/Aligned Has Not Been Recertified/Aligned
(Had no previous license or
(2024) (Target in 2025 - 2027)
require level adjustments)
Level Total Total
Not Yet
Passed Passed Level Level Level Level Level Level Level Level Level Level
(2024) (Target in 1 2 3 4 5 1 2 3 4 5
2025)
Level 4 383 187 580 - - - - 580 1,511 - - - - 1,511
Level 5 84 22 - 397 349 1 - 747 - 811 68 - - 879
Level 6 8 - - - - 91 1 92 - - - 6 - 6
Level 7 4 - - - - - 13 13 - - - - 1 1
Total 479 209 1,432 2,397
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ASSESSMENT OF THE BOARD OF DIRECTORS ON principle, as well as establishing a risk culture, a risk
THE PERFORMANCE OF THE RISK MANAGEMENT management infrastructure, and Good Corporate
UNIT Governance.
The RMU continuously perform reviews, evaluations, and
assessments to see the performance effectiveness. The Based on OJK Regulation No. 17/POJK.03/2014, CIMB
Board of Directors’ assessment of RMU performance is Indonesia Financial Conglomerate (FC) faces 9 (nine)
crucial for ensuring effective risk management at the types of risk, namely credit risk, market risk, liquidity
Bank. The main assessments can be seen from among risk, operational risk, strategic risk, reputation risk, legal
others, the indicators of asset quality, operational risk risk, compliance risk, and intragroup transaction risk.
losses, and initiatives taken. Specifically for the Sharia Business Unit, there are 2
(two) additional types of risk, namely investment risk and
The RMU continues to conduct periodic reviews, return risk.
evaluations, and assessments to see the effectiveness
of the risk management system’s performance. The A more detailed discussion on the types and efforts of
main assessments can be seen from the asset quality the Bank in risk management is presented in the Risk
indicators, losses from operational risks, and initiatives Management Chapter of this Annual Report.
taken. A number of assessment indicators are still at
a level that is manageable by the Bank, thus reflecting STATEMENT OF THE BOARD OF DIRECTORS
that RMU’s performance has been running well. The main AND/OR BOARD OF COMMISSIONERS OR
risks, such as Credit Risk, Liquidity Risk, Market Risk, and THE AUDIT COMMITTEE ON THE ADEQUACY
Operational Risk, are still within the Bank’s established OF THE RISK MANAGEMENT SYSTEM
risk appetite range. The Board of Directors and the Board of Commissioners
stated that during 2024, CIMB Niaga has an effective and
Overall, the risk assessment indicators remained at a adequate internal control system in managing the risks
level that can be managed by the Bank, reflecting good faced by the Bank. The risks faced remain within the
performance by RMU. The main risks faced by the Bank tolerance limits (risk appetite) in support of the Bank’s
throughout 2024 are still within the Bank’s established objectives, which are reflected in the operations that
Risk Appetite range. This is in line with the completion are carried out effectively and efficiently, the delivery of
of several initiatives, such as the improvement of accurate and reliable financial statement submissions,
asset quality, the implementation of best practices in the security of Bank assets, and compliance with
operations, optimal capital management, as well as the applicable laws and regulations.
development of advanced analysis and digitalization.
RESULT OF EVALUATIONS ON RISK
A more detailed discussion on the focus of risk MANAGEMENT SYSTEM EFFECTIVENESS
management in 2024 is presented in the Risk Management In 2024, the results of the Bank’s risk management
Chapter of this Annual Report. system evaluation show that it is functioning properly and
effectively. All committee decisions have also been well
RISK MANAGEMENT documented. The Board of Commissioners evaluates the
The Bank’s risk management system process begins with implementation of risk management strategies through
the business planning stage to help ensure that the Bank the Risk Oversight Committee (ROC). A more detailed
operates in line with the risk appetite set by the Board of explanation is presented in the ROC section.
Directors. The next step is risk identification, which aims
to determine material risks in products and activities to In 2024, regulators also gave a positive response on the
be measured so that the Bank can determine the level of Bank’s risk management process, which was reflected in
risk faced. Determination of the risks to be taken, avoided, the Bank Soundness Level, which was rated as Healthy,
transferred, or managed by the Bank takes into account which is in line with the Bank’s self-assessment on that
the impact of the risk as well as the costs and benefits of rating. In addition to the Risk Management Committee,
the Bank’s products or activities. CIMB Niaga has established various Executive
Committees that carry out their functions to discuss
CIMB Niaga always ensures the availability of reporting certain risk in more depth, including the Asset Liability
and reviews on the effectiveness of the Bank’s risk Committee (ALCO), Operational Risk Committee (ORC),
management system as part of risk management,. and Credit Policy Committee (CPC), and Executive Credit
Furthermore, the Bank also strives to implement a risk Committee (ECC).
management process that is based on the prudence
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Highlights Report Profile Discussion & Analysis Management
Internal Control System
CIMB Niaga implements an Internal Control System (ICS) 4. Risk Culture Objective
to achieve the Bank’s objectives and to identify potential Identify weaknesses, assess deviations early, and
incidents that could have an impact on the Bank. ICS is an reassess the appropriateness of the Bank’s internal
important monitoring component in managing the Bank policies and procedures on an ongoing basis.
and serves as a reference point for the Bank’s sound,
secure, and controlled operational activities. IMPLEMENTATION OF INTERNAL CONTROL
SYSTEM, FINANCIAL, AND OPERATIONAL
CIMB Niaga designed the ICS to provide adequate AND CONFORMITY WITH COSO-INTERNAL
confidence in safeguarding and securing the Bank’s CONTROL INTEGRATED FRAMEWORK
assets, ensuring the availability of accurate reports,
increasing compliance with applicable regulations, and FINANCIAL AND OPERATIONAL CONTROL
mitigating the impact of financial losses and irregularities, CIMB Niaga implements ICS in two aspects, namely
including fraud and violations of prudential aspects, financial control and operational control, including
as well as increasing organizational effectiveness and compliance with applicable laws and regulations.
cost-effectiveness. ICS implementation can support the Operational control carried out by the Bank includes:
achievement of the Bank’s vision and mission, increase 1. Conduct a review by the Board of Directors by
value for stakeholders, and minimize the risk of loss. requesting an explanation and report on the Bank’s
operational performance, enabling the Board of
BASIS OF IMPLEMENTATION Directors to detect control weaknesses, financial
CIMB Niaga’s ICS is organized with reference to OJK reporting errors, or other irregularities (fraud).
Circular Letter No. 35/SEOJK.03/2017 on Internal Control 2. Conduct a review of the risk assessment (risk profile
Standard Guidelines for Commercial Banks. report) produced by the Risk Management Unit and
analyze operational data by the Internal Audit Unit.
OBJECTIVE OF INTERNAL CONTROL 3. Conduct a review of the work plan and budget
SYSTEM IMPLEMENTATION realization.
The objectives of the Bank’s ICS include: 4. conduct a review of information technology, including
control on data center operation as well as application
1. Compliance Objective control.
Ensure that all Bank business activities are carried out 5. Documenting all operational policies, procedures, and
in accordance with applicable laws and regulations, instructions.
including regulations issued by the Government,
Banking Supervision Authority, and Capital Market Moreover, the Bank’s financial control includes the
Authority, as well as internal policies, rules, and following:
procedures. 1. Implement separation of functions to ensure that every
person in their respective positions will not have the
2. Informational Objective opportunity to conduct or conceal mistakes and/or
Provide accurate, complete, timely, and relevant frauds in their duties.
information needed to make appropriate and 2. Regular updates of all policies, procedures, and
accountable decisions, including financial and non- working instructions to reflect actual operational
financial reporting, as required by internal and activities and in accordance with the applicable
external parties. regulations and accounting standards.
3. Approval of expense disbursement and realization.
3. Operational Objective 4. Control of customer accounts and the Bank’s accounts.
Increase the Bank’s effectiveness and efficiency 5. Control of transaction records in the Bank’s ledger.
in using its assets and other resources, as well as 6. Control of physical assets, including safeguarding
protect it from the risk of loss, including those caused assets, record keeping, and documentation, as well as
by fraud. access restrictions to application programs.
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CONFORMITY OF INTERNAL CONTROL WITH THE COSO FRAMEWORK
Internal control is a system or process implemented by the Board of Commissioners, Board of Directors, Management,
and employees of a company to ensure that satisfactory control objectives are met. The CIMB Niaga internal control
framework refers to the COSO (Committee of the Sponsoring Organizations of the Treadway Commission)—Internal
Control Integrated Framework.
This framework can ensure that the Bank has adequate operational control, financial, financial reporting, operational
effectiveness, and efficiency, as well as conformity with applicable laws and regulations. COSO - Internal Control
Integrated Framework has five control components, namely Control Environment, Risk Assessment, Control Activities,
Information and Communication, and Monitoring.
CIMB Niaga also adopts the Three Lines of Model concept, which is the implementation of the control strategy within the
monitoring system of COSO – Internal Control Integrated Framework, which has been described in the Risk Management
Chapter of this Annual Report.
In 2024, CIMB Niaga has implemented an ICS which refers to COSO as follows:
Internal Control Components Based on COSO ICS Implementation at CIMB Niaga
Control Environment The Board of Commissioners, through the Committees that have been established,
The control environment is the basis of all components of periodically evaluates the control environment and makes independent
internal control. assessments that are conveyed to the Board of Directors for subsequent follow-
ups.
The control environment factors consist of integrity, ethical
values, the competence of people and entities, management
philosophy and style, and how the management exercises
authority and responsibility, as well as organizes and
develops talent, attention, and direction provided by the
Board of Commissioners.
Risk Assessment The Board of Directors has put in place procedures to anticipate, identify, and
A mechanism that is designed to identify, analyze, and respond to events and challenges that could impact the achievement of goals. The
manage risks associated with all operational activities of Board of Commissioners, through the Risk Monitoring Committee, ensures that
the organization. the Board of Directors carries out risk management effectively
Control Activities Policies and procedures for the main business units and business support units
The implementation of policies and procedures established have been prepared and approved by the Board of Directors, which are regularly
by management to help ensure that objectives can be updated by the relevant business units/business support units and reviewed by
achieved. the Risk Management Unit.
The Compliance Management Unit is responsible for disseminating applicable
banking regulations, conducting compliance tests on new internal policies,
as well as proposals for new products or activities, implementing Anti-Money
Laundering (AML) and Combating the Financing of Terrorism (CFT) programs,
as well as monitoring the implementation of compliance through a designated
officer in line two or three (2nd or 3rd Line). The Compliance Management Unit
submits periodic compliance reports to the Board of Commissioners, Board of
Directors, and Regulators
Bank’s officers periodically review the existence and effectiveness of control,
carry out adequate division of tasks, carry out routine verification of data
accuracy, as well as having and testing emergency response plans.
Information and Communication Procedures for data collection and information technology are in place to
A system that allows individuals or entities to obtain and generate reports on business activities, financial conditions, implementation of
share the required information to carry out, manage, and risk management and fulfillment of regulations that support the fulfillment of the
control its operations. duties of the Board of Directors and Board of Commissioners.
Monitoring The Board of Directors, Bank Executives, and the Internal Audit undertake continuous
ICS implementation must be monitored to ensure its monitoring on the effectiveness of the entire internal control system.
effectiveness.
Monitoring of key risks has been prioritized and is part of daily activities, including
periodic evaluations. The Board of Directors and Bank Officers are committed and have
followed up on the monitoring results that have been carried out, as well as Internal
Audit’s recommendations.
EVALUATION ON THE EFFECTIVENESS OF INTERNAL CONTROL
CIMB Niaga formulated the ICS to properly manage and control risks and not to eliminate those risks. In monitoring the
Bank’s ICS, the Board of Directors and Board of Commissioners are assisted by the Audit Committee in evaluating the
effectiveness of the Bank’s internal control system.
In 2024, the evaluation resulted in a decision that the Bank’s ICS was still in line with control principles and overall
showed that the quality of internal control was still running appropriately.
The Board of Directors has also been given a report regarding the adequacy of internal control issues, as well as follow-
up actions to reduce risks. The report was also submitted to the Board of Commissioners through the Audit Committee.
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Highlights Report Profile Discussion & Analysis Management
STATEMENT FROM THE BOARD OF DIRECTORS AND/OR BOARD OF COMMISSIONERS
REGARDING THE ADEQUACY OF THE INTERNAL CONTROL SYSTEM
Throughout 2024, the Board of Directors and Board of Commissioners have re-stated that CIMB Niaga has an
effective and adequate ICS to manage risks faced by the Bank. Risks faced also remain within the tolerance limits
(risk appetite) in supporting the achievement of the Bank’s objectives, some of which are reflected in effective
and efficient operations, submission of accurate and reliable financial reports, protection of the Bank’s assets, and
compliance with applicable laws and regulations.
Important Cases
NUMBER OF CASES FACED BY THE BANK
Throughout 2024, CIMB Niaga faced in numerous important civil, criminal, and tax cases. In civil legal cases, CIMB Niaga
acts as the Defendant, while in criminal legal cases, the Bank is listed as the Reported Party, with the following details
(excluding Sharia cases, which will be disclosed in the Sharia Business Unit Governance Report).
Total
Legal Case Civil Criminal Tax
2024 2023 2024 2023 2024 2023
Number of Cases Faced 214 219 14 9 20 32
Settled Cases (Final and Legally Binding) 80 66 3 4 2 24
Cases in Settlement Process (as of December) 134 153 11 5 18 8
IMPORTANT CASES FACED BY THE BANK
Throughout 2024, the Bank faced the following civil legal issues with a case value of more than Rp10 billion, as well as
quantitative risk information:
Risk faced by Efforts of the Bank’s
No. Cases Case Subject Case Status Case Value
the Bank Management
1 Case No.359/ The debtor At the Compensation The Bank prevailed in the Material:
Pdt.G/2019/PN.Jkt. defaulted and filed cassation of the value of District Court and confirmed Rp110,000,000,000
Sel between IH a lawsuit for the level at the the lawsuit by a decision at the High
(Plaintiff I) IRMAS cancellation of an Supreme Court level, the plaintiffs filed Immaterial:
(Plaintiff II) and auction Court of the the cassation. The Bank will Rp100,000,000,000
Bank (Defendant I) Republic of follow the cassation process
Indonesia and carry out maximum legal
efforts to support the Bank’s
position.
2 Case No. 206/ Lawsuit regarding At judicial Compensation The Bank lost at the District Material:
Pdt.G/2020/Pn.Dpk collateral review of the value of Court but prevailed in an Rp22,764,520,000
between MAK ownership from level at the the lawsuit to be appeal at the High Court and
(Plaintiff) and Bank Plaintiff to Supreme paid with other cassation at the Supreme Immaterial: -
(Defendant V) Defendant I where Court of the defendants. Court. Currently, the Bank
it is deemed null Republic of is following the judicial
and void, which Indonesia. review process and carry out
subsequently maximum legal efforts to
making the support the Bank’s position.
object pledged as
collateral to the
Bank null and void.
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Risk faced by Efforts of the Bank’s
No. Cases Case Subject Case Status Case Value
the Bank Management
3 Case No. 131/ The plaintiffs At the Compensation The Bank has prevailed at the Material:
Pdt.G/2021/PN.Skt claimed to be cassation of the value of District Court and confirmed Rp20,000,000,000
between SBH intimidated by the level at the the lawsuit to be by the decision at the High
(Plaintiff I) LA Bank regarding Supreme paid with other Court level, the plaintiff filed a Immaterial:
(Plaintiff II) and vacating the Court of the defendants. cassation. Currently the Bank Rp20,000,000,000
Bank (Defendant I) collateral object Republic of is following the cassation
that will be Indonesia. process and making maximum
executed. legal efforts to support the
Bank’s position.
4 Case No. 308/ Lawsuits brought At the Compensation The Bank has prevailed in the Material:
Pdt.G/2021/PN.Jkt. by third parties District of the value of District Court and the plaintiff Rp7,823,907,261,36 +
Sel between CP regarding cessie Court level the lawsuit to be filed an appeal. The Bank will USD1,893,450,07
(Plaintiff) and Bank made by the Bank. paid with other follow the trial process and
(Defendant VI) defendants. make maximum legal efforts Immaterial:
to support the Bank’s position. Rp5,000,000,000
5 Case No. 783/ Lawsuits regarding At the Compensation The Bank has prevailed in the Material:
Pdt.G/2021/PN.Jkt. cancellation of cassation of the value of District Court and lost at the Rp406,888,957,188,5 +
Brt between DS credit agreements level at the the lawsuit. High Court level, Bank filed a USD22,877,290,91
(Plaintiff) and Bank and auction of Supreme cassation. Currently the Bank
(Defendant II) collateral objects. Court of the is following the cassation Immaterial:
Republic of process and making maximum Rp200,000,000,000
Indonesia legal efforts to support the
Bank’s position.
6 Case No. 109/ The Plaintiff At the High Compensation The Bank has prevailed in the Material:
Pdt.G/2019/PN Jkt. was a defaulting Court level of the value of District Court and the plaintiff Rp11,400,000,000
Tim between DJ debtor of the the lawsuit. filed an appeal at the High
(Plaintiff) and Bank Bank, and the Court. The Bank will follow Immaterial: -
(Defendant) Bank conducted the appeal process and make
an auction of the maximum legal efforts to
collateral. support the Bank’s position.
7 Insurance Product Default Arbitration Compensation The Bank (together with Damages amount
Disputes in Process of the value of the other arbitration Rp5,015,402,846.42
Arbitration the lawsuit to respondents) has been and Arbitration costs of
be paid with ordered by the Arbitrator to SGD1,703,769.09 and
other arbitration pay damages amounting to USD92,852.55.
respondents. Rp5,015,402,846.42
8 Case Number Unlawful Act At the High Compensation The Bank will follow the trial Material:
1092/Pdt.G/2023/ Court level of the value of process and make maximum Rp10,074,500,000
PN.Jkt. Sel. the lawsuit. legal efforts to support the
between A Bank’s position. Immaterial:
(Plaintiff) and Bank Rp5,000,000,000
(Defendant I)
9 Case No. 393/ Unlawful Act At the Compensation The Bank has prevailed in the Material:
Pdt.G/2021/PN.Bdg cassation of the value of District Court and lost at the Rp10,000,000,000
between YW, R, VZ, level at the the lawsuit. High Court level, Bank filed a
SMP (Plaintiff) and Supreme cassation. Currently the Bank Immaterial: -
Bank (Defendant II) Court of the is following the cassation
Republic of process and making maximum
Indonesia legal efforts to support the
Bank’s position.
10 Case No. 755/ A lawsuit for At the High There are no The Bank has prevailed in the Material:
Pdt.G/2022/PN.Jkt. unlawful acts from Court level risks/impacts District Court, and the Bank is Rp28,760,000,000,-
Sel the Plaintiffs, who faced by the currently monitoring whether
between MK are the heirs of the Bank as the there will be any further legal Immaterial:
(Plaintiff I), HPT former owners of material and actions from the Plaintiffs. Rp50,000,000,000,-
(Plaintiff II), IT the object that was immaterial
(Plaintiff III), HH previously pledged claims are not
(Plaintiff IV), by the ex-debtor, directed at the
and the Bank although the loan Bank.
(Defendant VIII) has been fully paid.
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Highlights Report Profile Discussion & Analysis Management
Risk faced by Efforts of the Bank’s
No. Cases Case Subject Case Status Case Value
the Bank Management
11 Case No. 124/Pdt. Claiming At the High Compensation The Bank has prevailed in the Material:
Sus/PHI/2024/PN Compensation Court level of the value of District Court and the plaintiff Rp11,534,538,911,-
Jkt Pst between for Termination of the lawsuit. filed an appeal at the High
SHG (Plaintiff) Employment Court. The Bank will follow Immaterial:
and the Bank the appeal process and make Rp10,000,000,000,-
(Defendant) maximum legal efforts to
support the Bank’s position.
12 Case No. 541/ Unlawful Act At the High Compensation The Bank will follow the trial Material:
Pdt.G/2024/PN.Jkt. Court level of the value of process and make maximum Rp34,735,335,377,29
Sel Between GGBP the lawsuit. legal efforts to support the
(Plaintiff) and the Bank’s position. Immaterial:
Bank (Defendant) Rp90,852,000,000,-
13 Case No. 374/ Unlawful Act At the High Compensation The Bank will follow the trial Material:
Pdt.G/2024/PN.Jkt. Court level of the value of process and make maximum Rp15,625,000,000,-
Pst between PIML the lawsuit. legal efforts to support the
(Plaintiff) and the Bank’s position. Immaterial: -
Bank (Defendant I)
14 Case No. 888/ Unlawful Act At the High To pay The Bank will follow the trial Material:
Pdt.G/2024/PN.Jkt. Court level compensation process and make maximum Rp12,000,000,000,-
Sel between AD in the amount of legal efforts to support the
(Plaintiff) and the the claim, either Bank’s position. Immaterial:
Bank (Defendant V) individually Rp5,000,000,000,-
or jointly with
the other
defendants.
Throughout 2024, there were no criminal law issues with claims exceeding Rp10 billion.
LEGAL ISSUES FACING INCUMBENT MEMBERS OF THE BOARD OF COMMISSIONERS AND
BOARD OF DIRECTORS OF THE BANK
Throughout 2024, no current members of the Bank’s Board of Commissioners or Board of Directors had been involved in
a civil or criminal case or dispute.
IMPORTANT CASES FACED BY SUBSIDIARIES
In 2024, the legal issues involved by the Subsidiaries consist of civil, criminal, and tax cases, which can be observed in
the table as follows:
Total
Subsidiaries Legal Cases Civil Criminal Tax
2024 2023 2024 2023 2024 2023
CIMB Niaga Auto Number of Cases Faced 19 18 2 1 - -
Finance (CNAF)
Settled Cases (Final and Legally Binding) 9 10 1 - - -
Cases in Settlement Process (as of December) 10 8 1 1 - -
CIMB Niaga Number of Cases Faced - - - - - -
Sekuritas (CNS)
Settled Cases (Final and Legally Binding) - - - - - -
Cases in Settlement Process (as of December) - - - - - -
IMPORTANT CASES FACED BY INCUMBENT MEMBERS OF THE BOARD OF COMMISSIONERS
AND BOARD OF DIRECTORS OF SUBSIDIARIES
Throughout 2024, no current members of the Board of Commissioners or the Board of Directors of Subsidiaries had been
involved in a civil or criminal case or dispute.
IMPACT OF LEGAL ISSUES ON BANKS AND SUBSIDIARIES
All legal issues faced in 2024 have no material impact on the status, position, and continuity of the Bank and its
Subsidiaries’ business activities.
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Sanction
ADMINISTRATIVE SANCTIONS IMPOSED BY SANCTIONS FOR LEGAL VIOLATIONS
RELEVANT AUTHORITIES RELATED TO LABOR/EMPLOYMENT/
In 2024, no material administrative sanctions affected the CONSUMER/BANKRUPTCY/COMMERCIAL/
business continuity of CIMB Niaga, nor were there any COMPETITION OR ENVIRONMENTAL ISSUES
administrative sanctions imposed by the Otoritas Jasa CIMB Niaga has not recorded any legal violations related
Keuangan and other authorities on the Bank, members of to labor/employment/consumer/bankruptcy/commercial/
the Board of Commissioners, Sharia Supervisory Board, competition or environmental issues.
and Board of Directors, as well as on the members of the
Board of Commissioners and the Board of Directors of SANCTIONS RELATED TO RECORDING
subsidiaries. REGULATIONS
During the year of 2024, there were no material
SANCTIONS FOR NON-COMPLIANCE WITH administrative sanctions related to recording regulations.
LAWS OR REGULATIONS RELATED TO CIMB Niaga consistently strives to comply with the
SIGNIFICANT OR MATERIAL RELATED PARTY applicable laws, regulations, requirements and/or
TRANSACTIONS recording regulations from regulators as well as Self-
There are no cases of non-compliance with laws, rules, and Regulatory Organizations (SRO), including disclosure
regulations related to significant or material transactions requirement standards and other related regulations.
with related parties.
SANCTIONS RELATED TO TAX REGULATIONS
SANCTIONS BY REGULATORS RELATED TO Over the past three years, the Bank received guilty
SIGNIFICANT EVENTS verdicts from the highest tax court related to tax issues.
Throughout 2024, CIMB Niaga did not receive any This guilty verdicts were not due to the Bank’s non-
sanctions from regulators due to the failure to make compliance with tax regulations, but rather because of
announcements within the specified timeframe for different interpretations of the panel of judges on several
significant events (material events). tax cases in the banking industry. This has led to the
possibility of different decisions for the same dispute
cases. CIMB Niaga continues to pursue legal remedies in
accordance with the applicable law and regulation.
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Highlights Report Profile Discussion & Analysis Management
Tax Governance Framework,
Management and Control
In navigating the rapidly growing financial services and banking industry, managing and controlling tax aspects are one
of the most crucial pillars for ensuring long-term sustainability and shareholders’ trust. As a business entity, CIMB Niaga
has the responsibility to comply with the complex tax regulations. To that end, the Bank can ensure both operational
reliability and compliance with applicable legal provisions by taking a structured approach.
CIMB Niaga has established a sufficient governance framework for managing and controlling tax-related matters,
from the implementation of tax policies and procedures, including guidelines on tax reporting, tax obligations, as well
as tax risk mitigation. CIMB Niaga is also supported by the implementation of an integrated Information Technology
system, which assists the Bank in managing financial information in a more efficient manner. The application of this
system supports accurate tax recording and reporting, as well as ensuring the Bank’s consistency and compliance to the
applicable tax regulations.
Anti-Bribery and Corruption Policy
PROGRAMS AND PROCEDURES through the obtainment of SNI ISO 37001– Anti-Bribery
CIMB Niaga implements anti-bribery and corruption Management System (ABMS) certification for Strategic
programs and procedures as outlined in Anti-Bribery and Procurement and Admin Property Management in
Corruption Policy No. M.11 and Anti-Bribery Management January 2024.
System Policy (ABMS) No. M.14. These two policies are
a statement of the Bank’s principles and commitment to CIMB Niaga’s Anti-Bribery and Corruption Policy regulates
promoting anti-bribery and corruption practices, which programs and procedures, including, among others:
are also classified as acts of cheating or fraud. 1. Bank principles in supporting anti-bribery and
corruption practices;
The aim of these policies is to raise awareness among 2. Anti-bribery and corruption commitment (Integrity
all employees, including the Board of Commissioners, Pact) carried out by all management and employees
Sharia Supervisory Board, Independent Party Committee (both permanent and non-permanent) on a regular
members of the Board of Commissioners, and Board of basis;
Directors, regarding the risks of bribery and corruption in 3. Responsible parties;
the Bank’s business processes and to participate in efforts 4. Programs and procedures to prevent bribery and
to prevent and avoid bribery and corruption practices. The corruption practices, including through:
implementation of the Anti-Bribery and Corruption Policy, a. Implementation of awareness programs;
as well as the ABMS Policy, aims to combat corruption, b. Regular signing and attestation of the Integrity
kickbacks, fraud, bribery, and gratification practices. Pact by all CIMB Niaga management and
employees as well as Business Partners who will
CIMB Niaga believes that the implementation of this collaborate with CIMB Niaga;
policy will lead to clean business practices free from c. Implementation of Due Diligence such as Know
bribery and corruption, which will protect the Bank and Your Customers (KYC) and Know Your Employee
all employees from negative impacts, such as legal (KYE);
risks, financial losses, negative reputations, or loss of d. Delivery and publication of Anti-Gratification
customers. The implementation of this policy can also reminders to the Bank’s Business Relations, a
maintain the Bank’s reputation and the confidence of all minimum of twice a year;
shareholders, stakeholders, and the wider community. One e. Prohibition of giving and/or receiving gratifications,
concrete form of the Bank’s commitment is demonstrated kickbacks, and political donations;
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f. Provisions for donations must be channeled RISK ASSESSMENT ON BRIBERY AND
through CSR or Qardhul Hasan Funds, as well as CORRUPTION
conducting Due Diligence on the recipients; Periodically, CIMB Niaga conducts bribery and corruption
g. Provisions for entertainment and sponsorship risk assessments to anticipate the risks and impacts of
costs; bribery and corruption and evaluates the effectiveness
h. Conflicts of Interest of existing controls in reducing the risks of bribery and
5. Violations and sanctions; corruption. On a monthly basis, risk assessments are
6. Documentation and Reporting; conducted by the Good Corporate Governance (GCG) unit
7. Assessment; by measuring data on the number of suspected cases
8. Training and Communication. of bribery and corruption with data on the number of
complaints received by the Bank related to suspected
Information regarding the contents of the Anti-Bribery and bribery and corruption in that month. Meanwhile, each
Corruption Policy and the ABMS Policy can be viewed on work unit, with the assistance of RCU/DCORO, conducts
the Bank’s website. CIMB Niaga also has anti-bribery and annual risk assessments to identify risks, mitigation
corruption policies that complement one another, such as controls, and the level of risk of bribery and corruption in
the Code of Ethics and Code of Conduct, Anti-Fraud Policy, their respective work units.
and Whistleblowing Policy.
ANTI-BRIBERY AND CORRUPTION
DECLARATION OF INTEGRITY PACT, CODE TRAINING/SOCIALIZATION
OF ETHICS AND ANTI-BRIBERY AND CIMB Niaga encourages all employees, work partners,
CORRUPTION COMMITMENT and other stakeholders to take an active role in preventing
CIMB Niaga has an anti-bribery and corruption bribery and corruption. This effort is carried out by
commitment, which is expressed in the form of a written conducting anti-bribery and corruption socialization, such
declaration and made public to all parties, both internal as e-mail blasts on Anti-Bribery and Corruption, socializing
and external, including via e-mail and the website. The the prohibition on receiving or giving gratifications,
declaration of anti-bribery and corruption commitment, raising anti-fraud awareness among all employees, as
which is part of the Integrity Pact Declaration, Code of well as conveying anti-gratification appeals to the Bank’s
Ethics, and Anti-Bribery and Corruption Commitment, business partners, including customers periodically, at
includes the following: least twice a year, via letter, e-mail, website, social media,
1. The Bank is committed to conducting business based ATM screen, OCTO Clicks, and OCTO Mobile applications.
on the values of integrity and guided by the Bank’s
Code of Ethics and Code of Conduct. Furthermore, CIMB Niaga has also signed the Declaration
2. The Bank is constantly striving to improve and of Integrity Pact, Code of Ethics, and Anti-Bribery and
enhance every business process so that it adheres to Corruption Commitment (Integrity Pact) by the members
the principles of integrity. of the Board of Commissioners, Sharia Supervisory Board
3. The Bank implements the principle of zero tolerance & Board of Directors of CIMB Niaga on a regular basis
for actions related to corruption, bribery, and/or since 2020. In 2024, the signing took place on 1 July
violations of applicable laws and regulations. 2024 and was published on the CIMB Niaga website.
4. The Bank prohibits all members of the Board of The signing of this Integrity Pact is followed up at all
Commissioners, Sharia Supervisory Board, Board of levels of the organization by requiring all employees,
Directors, Independent Party Members of the Board both permanent and non-permanent, to annually attest to
of Commissioners Committees, employees (both the Integrity Pact Declaration, Code of Ethics, and Anti-
permanent, contract, and non-permanent employees), Bribery and Corruption Commitment via the personnel
consultants, advisors, outsourced, vendors, or other system on 17 September – 4 October 2024.
parties who work for and on behalf of the Bank from
enticing, promising, or giving to State Officials and/or During 2024, other initiatives implemented by the Bank
Civil Servants within the scope of their duties. in terms of prevention and socialization to increase
5. The Bank prohibits all members of the Board of understanding of anti-bribery and corruption include:
Commissioners, Sharia Supervisory Board, Board of 1. Addition of bribery and corruption clauses to its legal
Directors, Independent Party Members of the Board agreement document format with external parties,
of Commissioners Committees, employees (both such as the Loan Agreement, General Terms and
permanent, contract, and non-permanent employees), Conditions for Opening Accounts, and Work Orders
consultants, advisors, and those outsourced within (vendor partners), Vendor Code of Conduct.
the scope of the Bank’s work from requesting gifts 2. Organize SNI ISO 37001-ABMS training and awareness
from individuals and organizations related to their to all members of the Board of Commissioners, Board
positions, duties, and responsibilities at the Bank. of Directors, senior management, and Independent
Party members of the committee at the level of the
Board of Commissioners.
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3. Conduct in-depth training on SNI ISO 37001 – ABMS CIMB Niaga always strives to optimize the Whistleblowing
for all employees in the implementing work units, System channel as a reporting facility to support anti-
including: SPAPM, GCG, AFM, HR, Internal Audit, and bribery and corruption policies, including reports related
Compliance. to corruption. Information regarding the Whistleblowing
4. Conduct training/socialization regarding the Bank’s System has been described in detail in the Whistleblowing
anti-bribery and corruption policies to the Bank’s System discussion in this Annual Report.
partner vendors.
5. Audit surveillance of SNI ISO 37001 - ABMS
Certification in the SPAPM Sub-Directorate.
Provision of Funds to Related Parties
POLICY recommendations prior to the material transactions with
CIMB Niaga considers provisions such as the Commercial the affiliated parties, as stipulated in the Audit Committee
Credit Policy and the Consumer Credit Policy when Charter. These transactions must be reported to the
providing funds to related parties. This policy regulates OJK, and information must be disclosed to the public in
that funds be provided to related parties, such as accordance with OJK Regulation No. 42/POJK.04/2020
members of the Board of Commissioners, members of on Affiliate Transactions and Conflicts of Interest and OJK
the Board of Directors, Executive Officers, and related Regulation No. 17/POJK.04/2020 on Material Transactions
or other affiliated parties with the Bank, on reasonable and Changes in Business Activities.
terms and in accordance with applicable credit provisions
and procedures. In 2024, CIMB Niaga did not record any violations or
exceed the Legal Lending Limit (LLL) when providing
PROCEDURE funds to parties related to the Bank.
CIMB Niaga Board of Commissioners is obliged to approve
the provision of funds to parties related to the Bank in DISCLOSURE
accordance with OJK Regulation No. 32/POJK.03/2018 In 2024, CIMB Niaga did not engage in any material
on Legal Lending Limit and Provision of Large Exposure transactions with affiliated parties with a potential conflict
for Commercial Banks and internal Bank regulations. of interest. The Notes to the Consolidated Financial
Before carrying out material transactions with related Statements, which are included in this Annual Report,
parties or transactions that have the potential to cause a provide detailed information on the provision of funds to
conflict of interest for the Bank, the approval of the Board related parties, including the nature of the relationship, the
of Commissioners must be based on Audit Committee nature of transactions, and the transaction value in 2024.
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Policy for Disclosure of Information Regarding
Share Ownership of Members of The Boards of
Directors and Board of Commissioners
The Conflict Management Policy states that members of the Bank’s Board of Directors and Board of Commissioners
must disclose share ownership information in accordance with internal regulations/guidelines. This policy stipulates that
every member of the Board of Directors and Board of Commissioners who conducts Bank and other company securities
transactions submit a transaction plan to the Bank Control Room (Corporate Affairs) at least 2 (two) working days in
advance of the planned transaction and to report it back to the Bank Control Room no later than 2 (two) working days
after the transaction occurs. In addition to these policies, the Bank’s Corporate Governance Policy, the Board of Directors’
Charter, and the Board of Commissioners’ Charter all contain similar arrangements.
The Company Profile Chapter of this Annual Report includes information on the direct and/or indirect share ownership of
members of the Board of Directors and Board of Commissioners of the Bank in 2024.
Access to Corporate Data and Information
CIMB Niaga always ensures easy access for stakeholders and communication with shareholders and investors, both
to obtain information related to the Company’s profile, interactively and by providing information periodically.
strategy and performance of the Bank. This information The Investor Relations unit plays a role in communicating
is delivered through various available communication relevant information and facilitating shareholders and
channels, such as social media, websites, email blasts, investors in the investment decision-making process in
public exposure for customers and the public, press line with the provision of access to company information
releases, and internal communication channels for CIMB and data, including instilling investor perceptions and
Niaga employees. expectations regarding the Bank’s strategy, business
prospects, and operational and financial performance.
The Bank’s Annual Report is also one of the Company’s The activities carried out by Investor Relations are also
sources of information and data, which can be accessed a method of communication to shareholders other than
on the Bank’s website and is available in Indonesian and through the implementation of GMS.
English. Additional information can be accessed through:
1. Contact Center Service: 14041 or +6221-2997-8888 The duties and responsibilities of Investor Relations are
(from overseas) as follows:
2. Preferred Assistance: 1500 800 (CIMB Preferred 1. Developing communication strategies, particularly
only) with investors, shareholders, analysts, investment
3. E-mail: 14041@cimbniaga.co.id managers, rating agencies, and the capital market
4. Business Banking Contact Center: 14042 or +6221- community in general.
8065-5111 (from overseas) 2. Prepare Bank performance presentation materials
5. Website: www.cimbniaga.co.id for analyst meetings, Public Expose, Investor Day,
6. Investors can directly contact the Bank’s Investor and other types of investor meetings to ensure
Relations Unit via the web page: https://investor. transparency.
cimbniaga.co.id and e-Mail: investor.relations@ 3. Transparency in company information, including
cimbniaga.co.id. financial and non-financial information, as well as
Bank strategies.
INVESTOR RELATIONS 4. Communicating the Bank’s performance to external
CIMB Niaga’s Investor Relations unit continues to strive to parties such as investors, shareholders, analysts, and
build a good image of the Bank by developing relationships other players in the capital market.
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5. Maintain good relations and serve as a liaison between the Bank and stakeholders by managing communication and
correspondence with investors, shareholders, analysts, securities companies, and rating agencies.
6. Maintain the confidentiality of information concerning the Bank or its customers as appropriate, and do not use this
confidential information for personal gain or the benefit of certain other parties.
7. Coordinate the annual report’s preparation, publication, and distribution to all stakeholders.
8. Providing data, information, and other related reports on the Bank’s performance via the Investor Relations website
for easier and wider access.
INVESTOR RELATIONS ACTIVITIES IN 2024
During 2024, the Investor Relations unit had organized various activities and interactions by inviting investors,
shareholders, analysts, and capital market players, as follows:
1. Organized 4 (four) Analyst Meetings in a year
Date Topic Description
21 February 2024 CIMB Niaga 4Q23 Performance Video conference call
30 April 2024 CIMB Niaga 1Q24 Performance Video conference call
30 July 2024 CIMB Niaga 2Q24 Performance Video conference call
30 October 2024 CIMB Niaga 3Q24 Performance Video conference call
2. Interactions and discussions with investors, shareholders and analysts via teleconferences and in-house meetings
are as follows:
Type of Meeting Number of Meeting Number of Analyst/Investor
Bilateral Meeting 21 55
Investor Conference 1 29
Total 22 84
3. Organized the Annual Review with national and international credit rating agencies, as follow:
Date Rating Agency
19 March 2024 Moody’s Investor Service
26 August 2024 Pefindo
19 November 2024 Moody’s Investor Service
4. In accordance with the provisions of III.3.6. Regulation No. I-E, as a form of fulfillment of the annual Public Expose
requirement, on 21 February 2024, the Bank has submitted the annual Public Expose material to the IDX on the same
day as the submission of the Audited Consolidated Financial Statements as of 31 December 2024. In relation to the
fulfillment of the provisions of III.3.6. Regulation No. I-E, the Bank did not hold an annual Public Expose event virtually
or physically, including not submitting the results of the annual Public Expose.
SOCIAL MEDIA
CIMB Niaga uses social media as a communication channel to convey information about the Bank’s activities, with the
goal of assisting customers in receiving clear information and assistance if they encounter problems while conducting
banking transactions. Currently, CIMB Niaga has managed 6 (six) social media accounts that serve as a medium for
communicating information about the Bank’s activities such as brands, product promotions, tips, and other information.
Several social media platforms also respond to questions from fans/followers, whether they are or are not bank
customers. The six Banks’ social media accounts are as follows:
1. Facebook : CIMB Niaga (https://www.facebook.com/CIMBIndonesia)
2. Instagram : @cimb_niaga (https://www.instagram.com/cimb_niaga)
3. X : @CIMBNiaga (https://x.com/CIMBNiaga)
4. Youtube : CIMB Niaga (https://www.youtube.com/@CIMBNiagaIndonesia)
5. LinkedIn : CIMB Niaga (https://www.linkedin.com/company/pt--bank-cimb-niaga-tbk/)
6. Tiktok : CIMB Niaga (https://www.tiktok.com/@cimb.niaga)
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INTERNAL COMMUNICATIONS
Internal communications at the Bank are delivered via a variety of channels, including e-mail blasts (Galeri News &
HR Info), e-Portrait digital magazines, and interface displays on computer screens or wallpaper. Employees can access
information using computers or smartphones.
Throughout 2024, the e-Portrait digital magazine was accessed approximately 67,000 times, both through smartphone
devices and computers, and was amplified via Instagram eportrait.internal, which had 333 posts and 7,366 followers
to amplify information about internal activities via social media. The Company also provides over 3,400 editions of
information to employees about Bank developments via the Galeri News and HR Info, which are updated every working
day.
PRESS RELEASE
Mass media plays an important role in the Bank’s journey, growth, development, and achievement. Therefore, one of
CIMB Niaga’s primary goals is to establish and strengthen positive relationships with the mass media through a variety
of activities, including the distribution of press releases, which is a form of disclosure of information to the public and
manifestation of good corporate governance.
In 2024, CIMB Niaga issued 82 press releases. The title and complete contents of all CIMB Niaga press releases are
available at https://www.cimbniaga.co.id/id/tentang-kami/berita.
No Topic of Press Release Number of Press Release
1 Company 34
2 Products and Services 27
3 Sustainability and Corporate Social Responsibility (CSR) 8
4 Branding dan Sponsorship 13
Total 82
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Goods and Services Procurement Policy
CIMB Niaga has a Goods and Services Procurement Policy 2. Anti-corruption, bribery or illegal payment
that was updated in 2023. This policy is supported by a Vendors are not permitted to engage in any form of
Standard Operating Procedure (SOP) for the Procurement corruption, bribery, or kickbacks, including giving,
of Goods and Services, which was last updated in 2024. offering, or requesting payments or other forms of
The CIMB Niaga Goods and Services Procurement Policy benefits conferred to improperly influence decision-
and Standard Operating Procedure (SOP) is the primary making.
reference for all goods and/or service procurement
activities carried out by the Bank’s work units, both 3. Gift and Entertainment
conventional and Sharia business unit. Furthermore, policy to demonstrate its commitment to high ethical
in cooperation with vendors, CIMB Niaga has a Goods standards. As a result, vendors are not permitted to
and Services Procurement Procedure that regulates offer, send, or exchange gifts and entertainment with
appropriate control standards and risk mitigation for all Bank employees because the Bank is committed to
vendors. operating with the highest level of integrity. This is to
prevent any conflicts of interest or the appearance of
BASIC PROCUREMENT OF GOODS AND such in our business dealings. The Bank periodically
SERVICES PRINCIPLES (at least twice a year prior to Idul Fitri and Christmas/
1. Obtaining reliable and excellent Vendors of goods New Year) delivers Anti-Gratification letters and/or
and/or services required by the Bank effectively and announcements to vendors, outsourcing companies,
efficiently. Corporate Social Responsibility partners, and others.
2. Creating a fair, sound, and controlled climate of
competition through improved transparency in 4. Conflict of Interest
selecting suppliers of goods and/or services. Vendors must disclose any information that may raise
3. Selecting vendors based on the GCG and Sustainability a possible conflict(s) of interest, such as a relationship
principles. with a Bank employee (including family members,
4. Complying with the applicable taxation provisions for spouses, or close friends).
every procurement of goods and/or services by the
Bank with vendors of the goods and/or services. 5. Labour Practices & Human Rights
a. Vendors must comply with all applicable labour &
VENDOR CODE OF CONDUCT employment laws and regulations, including those
The CIMB Niaga’s Vendor Code of Conducts is applicable pertaining to minimum wages.
to vendors who provide goods or services to CIMB Niaga b. Vendors must provide equal opportunities and
(vendor). As stated in the cooperation agreement with treatment for all of their employees.
CIMB Niaga, vendors are required to comply with special c. Vendors must avoid all forms of discrimination and
provisions such as general terms and conditions in respect the personal dignity and rights of each
Purchase Orders, Work Agreements, and others. individual.
d. Vendors must not employ or force anyone to
The Vendor Code of Conduct includes three key areas work against his or her will, involving child labour,
(Economic, Environmental, and Social or EES), where forced labour, or human trafficking.
CIMB Niaga encourages the vendors to make voluntary
disclosures. Vendors must sign and comply with the
applicable Vendor Code of Conducts in the process
of procuring goods and services, with the context and
definitions articulated in CIMB Niaga policies relating to:
1. Legal Compliance
Vendors must comply with the laws and regulations
governing the applicable jurisdiction. Vendors are
strictly prohibited from being involved in transactions
linked to the financing of parts mainly or solely
used for arms and munitions, and/or casinos, and/or
gambling.
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6. Confidentiality and Protection of Confidential Data 9. Healthy competition
a. Vendors must keep all data or information shared Vendors are not permitted to discuss prices,
by Bank confidential at all times (both during and distribution procedures, customers, product
after the business relationship). Vendors must not development, and plans or activities with competing
share such data and information with third parties companies, and they must comply with all applicable
unless the Bank provides official written consent. competition and anti-trust laws and regulations.
b. In situations where the Bank’s confidential data
or information is to be disclosed to a vendor or Vendors who violate or fail to comply with the Vendor Code
another external party, it is mandatory to execute of Conducts will face serious consequences, including
a Non-Disclosure Agreement (NDA) before contract termination and inclusion on the Bank’s Blacklist
disclosure to protect the Bank’s information and of vendors providing goods or services. The Bank has an
interests and those of its customers. AYO LAPOR Whistleblowing System in place to handle
c. Vendors must comply with all applicable laws, complaints, allowing them to be investigated and resolved
rules, and regulations governing confidentiality, objectively. Vendors can raise concerns about illegal,
Bank secrecy, personal data, and privacy unethical, or questionable matters/practices (particularly
protection. those outlined in the Code of Conducts) confidentially
and without risk. Detailed information about the Vendor
7. Employee Health and Safety Code of Conducts can be found on the Bank’s website at
a. Vendors must take reasonable steps to control https://investor.cimbniaga.co.id/misc/governance-policy/
hazards and provide a safe working environment Kode-Etik-Rekanan.pdf.
for their employees.
b. Vendors must take precautionary measures ELECTRONIC PROCUREMENT OF GOODS
against accidents and occupational diseases. AND/OR SERVICES (NEW DIGITAL
PROCUREMENT - NDP)
8. Environmental Protection The procurement process for goods and/or services is
a. Vendors must comply with all applicable carried out electronically based on the web/internet,
environmental laws and regulations. which can be accessed online by vendors providing goods
b. Vendors must minimize environmental pollution and/or services for the processes of vendor registration,
and continuously strive to protect the environment. bidding, and billing of goods and/or services by vendors,
c. Vendors are strictly prohibited from engaging including payment of bills through the NDP (New Digital
in illegal logging or using uncontrolled fire to Procurement) application. The objectives of electronic
clear forest land, which destroys natural carbon, procurement of goods and/or services include increasing
habitat, and ecosystems. transparency and accountability, increasing the level of
d. Vendors are strictly prohibited from engaging efficiency of the procurement process, supporting the
in transactions related to the development of monitoring and audit process, and meeting the need for
natural resources within UNESCO World Heritage real-time access to equal information for all vendors
Sites unless they have a prior agreement with the involved in the procurement process.
relevant government authorities and UNESCO
that such transactions will not have a negative Additionally, the Bank has also used an electronic
impact on the site’s outstanding universal value. payment application known as SMART (Spending
Management & Automated Reporting Tool) to automate
routine payments of Bank bills and vendor bills outside of
the NDP application so that all Bank bill payments are no
longer made manually.
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VENDOR DUE DILIGENCE IN 2024 Periodic evaluation of non-material vendors includes
In conducting procurement of goods and services, CIMB some of the general feasibility tests and financial
Niaga conducts evaluations of prospective vendors who feasibility tests, including:
will become Bank partners in the framework of ”Know a. Fill out the SDD questionnaire to ensure that
Your Partners”. Vendor evaluations are carried out not prospective vendors are not involved in or carrying out
only at the beginning of becoming a vendor but also activities listed as prohibited business activities, such
periodically. In conducting vendor evaluations, CIMB as weapons and ammunition, casinos, entertainment
Niaga classifies vendors into 2, namely Material Vendors games, illegal logging or illegal burning, or activities
and Non-Material Vendors. that have a negative impact on cultural heritage sites,
as well as do not have a negative reputation in social
A vendor is classified as material if the failure of the and environmental issues.
vendor’svendor’s service has a significant impact on b. Ensure that the vendor is not on the National Blacklist
the Bank’sBank’s operational activities and the vendor and has good credit checking.
is involved in providing, processing, collecting, and/
or storing customer information and Bank data that is In addition to the vendor periodic evaluations, CIMB
classified as ”Confidential”. Niaga also evaluate the vendor performances for
each completed project. The periodic evaluations and
Periodic evaluations of material vendors are carried out performance assessments results of vendors have been
in a more comprehensive manner, including general properly documented.
feasibility tests, financial feasibility tests, customer
and internal bank data protection, cooperation risk
assessments, resilience risk assessments, and
assessments on cooperation agreements with vendors.
Code of Ethics and Code of Conduct
CIMB Niaga has behavioral guidelines, namely Bank CIMB PURPOSE OF BANK CIMB NIAGA CODE OF
Niaga’s Code of Ethics & Code of Conduct as the basis for ETHICS & CONDUCT
employee attitudes and actions and for people who work The objectives of implementing the Bank CIMB Niaga’s
for and on behalf of the Bank (the definition of people Code of Ethics & Code of Conduct are as follows:
who work for and on behalf of the Bank includes member 1. To serve as guidelines in preparing policies,
of the Board of Commissioners, Board of Directors, procedures, and management practices at the Bank.
participants in education programs, advisors and 2. To regulate the attitudes, actions, and responsibilities
participants in internship programs, outsourced workers, of employees and people who work for and on behalf
and employees of the CIMB Group, as well as employees of the Bank to ensure they work professionally and
of subsidiaries who work or are placed at the Bank), to ethically.
work professionally and ethically based on principles that 3. To serve as a basic guideline for attitudes and actions
refer to Bank CIMB Niaga’s Vision, Mission, and Values when executing tasks and making decisions.
and applicable internal and external regulations. Bank 4. To provide an understanding of the appropriate
CIMB Niaga’s Code of Ethics & Code of Conduct applies conduct of employees or people working for and on
to all levels of the organization, including the Board of behalf of the Bank in establishing relationships with
Commissioners, Board of Directors, and all employees. the Bank, between colleagues, with customers, with
regulators, with business partners, and with the
general public.
5. To ensure similarity and consistency of employees
and people who work for and on behalf of the Bank’s
attitude and action in daily operational activities.
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PRINCIPLES/CONTENTS OF BANK CIMB NIAGA’S CODE OF ETHICS & CODE OF CONDUCT
Bank CIMB Niaga’s Code of Ethics & Code of Conduct contain 6 (six) basic ethical principles for every CIMB Niaga
employee when interacting professionally in their daily work, including:
Mutual Respect Integrity
The Bank treats all employees fairly, respectfully, Employees must always maintain integrity by
and with appreciation, and expects all employees behaving honestly, respecting each other, and
to be honest, uphold integrity, and respect one being professional.
another to maintain good relationships.
Justice Confidentiality
Employees are required to behave responsibly and Each employee must protect the confidentiality of
uphold a culture of fairness and openness in every information provided to them, including customer
interaction with all stakeholders. Employees are data, and only use the information for purposes
also required to act fairly and in accordance with
business ethics and applicable legal regulations,
CODE OF specified by the Bank. Disclosure of information
can only be carried out in accordance with the
both relating to the Bank’s internal policies and
regulations from the authorities. In addition,
ETHICS Bank’s internal policies and applicable laws and
regulations.
employees are prohibited from carrying out any
actions that are in violation of applicable laws and
regulations.
Conflict of Interest Competence
Every employee is obliged to avoid situations and Every employee is obliged to apply and develop
conditions that may cause a conflict of interest. If the knowledge and skills needed to perform their
there are things that can affect the objectivity of job duties professionally, includingcontinuously
the employee’s assessment, the employee must improve and update their skills and qualifications
report it to the Bank. as needed.
In addition, CIMB Niaga’s Code of Ethics & Code of • Acting responsibly and according to authority
Conduct also regulates a code of behavior that serves • Compliance with Company policies and
as guidance for employees and people who work for and procedures;
on behalf of the Bank in behaving and interacting with 5. Provisions regarding Data and Information
stakeholders. The main contents of the CIMB Niaga’s • Accuracy of Data and Reports
Code of Ethics & Code of Conduct include: • Ownership of Information
1. Provisions regarding Investment Activities, External • Confidentiality of Information
Business, and Conflicts of Interest; • Whistleblowing;
• Trading using Non-Public information (insider 6. Discipline, Comfort, Work Safety, and Security
trading) • Employee discipline
• Personal Investment • Paid leave
• Behavior in managing personal finance • Work Safety and Comfort
• Employment outside the Company/external • Actions that violate the law
business interests • Skills and competencies
• Financial benefit outside the Company • Responsibilities at the end of an employment
• Manage conflict of interest relationship;
2. Provisions regarding Acceptance of Gifts (Gratuities), 7. Culture of mutual respect, appreciation and support,
Anti-Bribery, and Corruption and adequate supervision;
• Policy on giving and receiving gratuities 8. Prohibition of Preferential Treatment;
• Anti-Bribery and Corruption; 9. Provisions regarding business transactions related to
3. Provisions regarding Personal and the Company’s customer accounts and fund;
Good Name 10. Provisions regarding personal transactions with
• Use of social media customers;
• Maintaining the Company’s reputation 11. Provisions regarding handling customer complaints;
• Maintaining personal reputation 12. Compliance and reporting to regulators;
• Public speaking on behalf of the Company 13. Anti-competitive policies;
• Speaker in external training/speaker/writer; 14. Fair and objective evaluation in goods and services
4. Misuse of Facilities, Company Assets, and Authority procurement;
• Fraud actions 15. Provisions regarding Sustainability Culture;
• Misuse of employee facilities 16. Provisions regarding Corporate Social Responsibility
• Use of Company assets Culture.
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STATEMENT OF THE BANK CIMB NIAGA CIMB Niaga provides strict sanctions for employees and
CODE OF ETHICS & CONDUCT APPLIES TO people who work for and on behalf of the Bank who violate
ALL LEVELS OF THE ORGANIZATION the Bank’s applicable Code of Ethics & Code of Conduct to
Bank CIMB Niaga’s Code of Ethics & Code of Conduct apply create deterrence for violators and as a learning tool for
to all Bank employees and people who work for and on behalf other employees and people who work for and on behalf
of the Bank, including the Board of Directors and Board of of the Bank to always comply with Bank CIMB Niaga’s
Commissioners of the Bank. All CIMB Niaga employees are Code of Ethics & Code of Conduct.
required to study and understand the contents of this policy
and sign a commitment statement form every year. The CIMB Niaga provides a communication channel to
implementation and application of the Bank CIMB Niaga’s facilitate the process of identifying violations that occur,
Code of Ethics & Code of Conduct are the responsibility of which is managed by an independent third party and can
all employees at all levels of the organization, as well as one be used by employees and people working for and on
of the Bank’s commitments in implementing Good Corporate behalf of the Bank as a means of reporting violations of
Governance to achieve the vision and mission. the Bank CIMB Niaga Code of Ethics & Code of Conduct,
namely the CIMB Niaga Whistleblowing System, which
SIGNING OF INTEGRITY PACT is explained in more detail in the discussion of the
CIMB Niaga has been conducting the signing of the Whistleblowing System in this chapter.
Declaration of Integrity Pact, Code of Ethics & Anti-Bribery
and Corruption Commitment which is done by CIMB DISCIPLINARY POLICY AND IMPOSITION OF
Niaga’s Board of Commissioners & Board of Directors SANCTION FOR VIOLATION
periodically and presents this to the public via the website CIMB Niaga implements the Disciplinary Policy
since 2020. The signing of the Integrity Pact is followed up and Imposition of Sanctions for Violations, with No.
at all levels of the organization through the obligation to A.07.08 regulating the provision of sanctions for
attest to the Declaration of Integrity Pact, Code of Ethics employee violations. This policy regulates the roles and
& Anti-Bribery and Corruption Commitment every year responsibilities of direct superiors and work unit leaders,
by all employees, both permanent and non-permanent, the duties and responsibilities of related units in handling
through the employee system. In 2024, the signing took a violation, as well as the duties and responsibilities of
place on 1 July 2024, and attestation by all employees the Employee Indisciplinary Action Determination Team
took place on 17 September – 4 October 2024. (TPTIK) in determining guidance for employees who
commit violations.
DISSEMINATION AND MONITORING OF THE
IMPLEMENTATION OF BANK CIMB NIAGA’S The imposition of a sanction for a violation is adjusted
CODE OF ETHICS & CODE OF CONDUCT to the level of the violation committed, starting with
CIMB Niaga disseminated Bank CIMB Niaga’s Code of reprimands, written warnings, and termination of
Ethics and Code of Conduct to raise awareness and employment. The TPTIK decides on sanctions at each level
understanding among all Bank employees and people of violation in accordance with applicable regulations.
who work for and on behalf of the Bank about conducting The types of sanctions given for violations of the Code of
behaviors that are in accordance with the Bank’s core Ethics & Code of Conduct in 2024 consist of Coaching,
values in their daily work. Dissemination and monitoring Reprimand Letter, First Warning Letter (SP 1), Second
of the implementation of the Bank CIMB Niaga’s Code of Warning Letter (SP 2), Third Warning Letter (SP 3), and
Ethics & Code of Conduct are carried out using various Employee Termination.
approaches, including seminars/workshops, training, and
the dissemination of articles from the Bank CIMB Niaga’s
Code of Ethics & Code of Conduct through the Bank’s
internal media channels to all employees and people who
work for and on behalf of the Bank.
CIMB Niaga also created guides and online learning
materials related to the Bank CIMB Niaga’s Code of
Ethics & Code of Conduct through the Learning on the
Go (LoG) application. This was done in an effort to ensure
that materials to help understand Bank CIMB Niaga’s
Code of Ethics & Code of Conduct could be accessed by
employees anywhere and at any time. CIMB Niaga also
uploaded the Bank CIMB Niaga’s Code of Ethics & Code of
Conduct document on the Bank’s internal policy website
(e-Manual) so all employees could easily download it.
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DATA ON EMPLOYMENT VIOLATIONS IN 2024 AND THE FOLLOW-UPS
In 2024, there were 272 (two hundred and seventy-two) employees who were sanctioned with the following details:
Categories and Number of Violations and Quality Trends in the Implementation
of the Code of Ethics & Code of Conduct in 2023-2024
45 69 158 179 7 12 3 12
2023
2024
Fraud Non Compliance Negligence Indisciplinary
Number and Type of Sanctions in 2023 - 2024
60 73 28 42 2 5 44 44 75 91 4 17
2023
2024
Employee SP 3 SP 2 SP 1 Reprimand Letter Coaching
Termination
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Corporate Values and Culture
Definition of CIMB Niaga’s Corporate Values and Culture has been explained in the Company Profile Chapter of this
Annual Report.
WORK CULTURE ALIGNMENT (EPICC)
Corporate values are the main foundation for building the Bank’s culture and serve as a basis for conduct guidelines for
every employee in interacting with stakeholders, such as colleagues, senior management, customers, regulators, as well
as other external parties. To consistently internalize corporate values and culture in daily activities, the Bank carries out
a variety of initiatives, including:
EPICC
Communication
It is an effort to build awareness through various online and offline campaigns, such as education on key behaviors that must be adopted by leaders and employees
through EPICC publication (bite-size campaign), inspirational stories (EPICC Stories), which are disseminated via email and internal magazine (e-portrait), EPICC Video,
various competitions and quizzes, talk show series (HyTalks), EPICC Town Hall, EPICC Podcast, and others. Throughout 2024, more than 11,000 participants from the
main and branch offices attended all EPICC Communication programs.
EPICC
Common Space
It is a platform that supports open, transparent, and inclusive communication between leaders and employees that includes ASIK activities, which allow all employees to interact
directly with leaders, as well as NGOPI (Ngobrol Penuh Inspirasi), a cross-level communication session that presents in-depth discussions between employees and leaders.
Through EPICC Common Space, the Company consistently strives to create a positive and more collaborative work environment to strengthen confidence and ensure that every
employee feels heard, appreciated, and connected to the organization›s shared vision.
EPICC
KFP & Ambassador
To ensure maximum internalization of EPICC in all work units, the Bank has established 25 Key Focal Points (Champion Leaders) and 294 EPICC Ambassadors (Change
Agents) appointed from leaders and employees who have consistently demonstrated and adapted EPICC values as a guideline for achieving success in their daily tasks.
The Bank provides the EPICC Connect platform as an interactive discussion media that involves all EPICC Ambassadors to measure the improvement in corporate
culture internalization in work units. Furthermore, as a token of appreciation for the dedication and contribution of EPICC Ambassadors, the Bank holds an internal
competition to select EPICC Ambassadors and employees actively demonstrating the implementation of EPICC values in an consistent manner.
EPICC
Hardwiring
The implementation of EPICC values is also carried out in the form of adjustments to policies and procedures, such as adjustments to the assessment of prospective
employees in the recruitment process, performance assessments, and internal assessments. Furthermore, the Bank is also committed to building a culture of transparency
in giving and receiving feedback and recognition through the internal HR platform. The use of this feature allows each employee to give and receive feedback and
recognition from/to other employees in order to create a healthier, more productive, and more open work environment, which will subsequently make employees feel
appreciated. Employees who receive the most recognition will receive an award as EPICC Heroes, which is announced regularly and have the opportunity to enter the
EPICC STAR selection.
Sustainability Concept Implementation
in Business Processes
INTEGRATION OF SUSTAINABILITY and internal control systems, including by gradually
CONCEPTS IN BUSINESS PROCESSES mitigating climate risk, market volatility, and changes in
CIMB Niaga continuously strives to integrate the customer preferences.
sustainability concept, including climate risk and its
opportunities, into the Bank’s business processes – With solid governance pillars, CIMB Niaga does not only
starting from the planning of both strategies & policies focuses on the achievement of short-term profits, but
until its operational implementation. The Bank establishes also continuously strives to create sustainable long-term
a sustainability-based business strategy by identifying values. This strategy ensures that the Bank’s current and
opportunities and challenges from the dynamics of future operations remain relevant, responsive to changes,
the business environment. In anticipating risks in and generate positive contributions to society and the
environmental, economic, and social aspects, CIMB Niaga environment in a comprehensive manner.
has developed adaptive and innovative risk management
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Sustainability Report Preparation Framework
Every year, CIMB Niaga has prepared a Sustainability reporting with relevant indicators. The report also
Report that elaborates on the Bank’s commitment includes a long-term sustainability plan with clear targets
and performance in the environmental, economic, and as a form of accountability and transparency.
social aspects. CIMB Niaga submits this information to
comply with the OJK Regulation No. 51/POJK.03/2017 on Furthermore, CIMB Niaga has started preparing
Implementation of Sustainable Finance and Preparation sustainability report that adopts the ‘IFRS Sustainability
of Sustainability Reports. The Sustainability Report Disclosure Standards S1 and S2’, with a focus on the
also refers to several frameworks and standards, disclosure of the four main pillars, namely Governance,
such as the Global Reporting Initiative (GRI), GRI-G4 Strategy, Risk Management, and Metrics & Target.
Financial Services Sector Supplement Indicators, The preparation comprises strengthening governance,
Task Force on Climate-related Financial Disclosures including coordination of governance bodies who are
(TCFD), Sustainability Accounting Standard Board responsible for sustainability & climate change aspects,
(SASB) for the Financial Services sector, Sustainable as well as training to improve employees’ understanding
Banking Assessment (SUSBA) World Wide Fund (WWF), of IFRS principles. In terms of strategy, CIMB Niaga
Sustainable Development Goals (SDGs), Global Investors has evaluated the environmental, social, and climate
for Sustainable Development (GISD) Alliance, as well change impacts on the business, as well as integrating
as ASEAN Corporate Governance Scorecard (ACGS). sustainability into the long-term planning.
CIMB Niaga’s Sustainability Report covers a multitude
of comprehensive information, such as sustainability Moreover, the Bank has also strengthened its risk
governance, economic performance, management of management by identifying and mitigating risks that are
environmental impacts, and social contributions. Through related to sustainability, such as the climate and energy
this report, CIMB Niaga demonstrates its responsibility transition risks. These measures were conducted as the
to stakeholders while describing the Bank’s business Bank’s approach in ensuring the preparation of reports
activities that support the Sustainable Development Goals that are transparent, measurable, and in accordance
(SDGs), the global commitment of 1.5 ⁰C, Government of with stakeholders’ expectations on both the national and
Indonesia’s Enhanced Nationally Determined Contribution global scales.
(ENDC), as well as the ‘just transition’ towards a low-
carbon economy. Hence, the Sustainability Report serves as an important
tool in boosting public confidence and supporting
The report’s framework begins with the Message from the sustainable growth. CIMB Niaga’s Sustainability Report
President Directors, followed by a description of priority is also issued and published together with the Annual
materiality topics, as well as sustainability performance Report, which is an integral part of each other.
Provision of Funds for
Social and Political Activities
CIMB Niaga has continuously allocated funds for Corporate is prepared separately but is an integral part of the Annual
Social Responsibility (CSR) programs and activities as one Report.
of the Bank’s long-term commitments and contributions to
the environment and community, particularly communities In terms of providing funds for political activities, CIMB
in the vicinity of the Bank’s locations. Detailed information Niaga is committed to not providing funds for the activities
regarding the Bank’s CSR programs and activities has of any political party. Nevertheless, CIMB Niaga still provides
been presented in the 2024 Sustainability Report, which freedom for all employees to channel their aspirations into
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political activities with certain limitations to avoid potential political interests. This commitment has been stated in the
conflicts of interest. Bank’s Code of Ethics and Code of Conduct, as well as the
Bank’s Human Resources Policy on Employee Activities
Various policies that have been established by the Bank Outside the Company related to Political Organizations
have regulated certain limitations related to the involvement or Political Activities. The implementation of this policy is
of the Bank and employees in political activities to avoid expected to maintain the independence and professionalism
conflicts of interest, including but not limited to the of the Bank and its employees.
provisions prohibiting the provision of the Bank’s funds for
Protection of Creditor Rights
CIMB Niaga has a Creditor Rights Fulfillment Policy No. information tailored to their specific needs, allowing
M.05 in place to ensure the fulfillment of the rights of each party to make objective decisions based on fair,
creditors and maintains the confidence of creditors. This reasonable, and accurate considerations.
policy is a guideline for the Bank’s acceptance of loans
from creditors and is available on the Bank’s website. CIMB Niaga also assures that the rights of creditors are
carried out properly, as provided for in the agreement
Creditor Rights Fulfillment Policy, which governs honest signed by the concerned parties, and endeavors to meet
and transparent information disclosure as well as equal the Bank’s obligation as agreed upon in a timely manner
treatment of all creditors without discrimination, is being in order to avoid delays or negligence that may result in
implemented to protect creditor rights. All of the Bank’s financial losses to both parties.
creditors and business partners can access relevant
Transparency of the Bank’s Financial
and Non-Financial Conditions
CIMB Niaga always fullfilled the transparency and 3. Annual Report of CIMB Niaga was prepared and
publication requirements related to financial and non- presented in accordance with regulations and
financial conditions in accordance with applicable submitted to regulators, rating agencies, banking
provisions. The delivery and publication of information development institutions, research institutions, and
is carried out through printed media and CIMB Niaga’s financial magazines, as well as published on the CIMB
official website as follows: Niaga’s website.
a. Financial highlights include stock highlights,
TRANSPARENCY OF THE BANK’S FINANCIAL reports of the Board of Commissioners, reports
CONDITIONS of the Board of Directors, company profile,
1. Monthly Published Financial Statements was management discussion and analysis on business
submitted to the regulator in accordance with the and financial performance, corporate governance
provisions at the specified date and have been and corporate social responsibility.
published on the CIMB Niaga’s website. b. The Annual Financial Statements audited by a
2. Quarterly Published Financial Statements were Public Accountant and a Public Accounting Firm
submitted to the regulator in accordance with the registered with the OJK. The Annual Financial
provisions at the specified date, and it was published Statements are prepared for 1 (one) financial year
on the CIMB Niaga’s website as well as in Indonesian and are presented in comparison with the previous
language newspapers with wide circulation in 2 (two) financial years.
Indonesia, even though based on OJK Regulation
No. 37/POJK.03/2019, publication in newspapers is no
longer required.
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c. The statement of accountability of the Board of Supervisory Board, Board of Directors, and Committees
Commissioners and Board of Directors for the at the Board of Commissioners Level, as well as
accuracy of the contents of the Annual Report. internal provisions pertaining to corporate governance,
The statement is presented on a statement including the Articles of Association and Committee
sheet signed by all members of the Board of Charters, are also published on CIMB Niaga’s website.
Commissioners and members of the Board of 2. Information on the Bank’s Products and Services,
Directors. including its office network, is published in the Annual
d. In accordance with OJK Regulation No. 37/ Report as well as in leaflets, brochures, and other printed
POJK.03/2019 dated 19 December 2019 materials available at each branch office or in the form of
on Transparency and Publication of Bank electronic information on CIMB Niaga’s website, social
Reports, which replaced OJK Regulation media, or via the CIMB Niaga Contact Center, providing
No. 32/POJK.03/2016 dated 8 August 2016 customers, investors, and public with easy access to
on Amendments to OJK Regulation No. 6/ information on the Bank’s products and services.
POJK.03/2015 and OJK Regulation No. 29/ 3. Information on Procedures for the Complaints
POJK.04/2016 on the Annual Report of Issuers Submission and publication of reports presented on
or Public Companies, the Bank has accordingly the CIMB Niaga’s website for the implementation of
submitted its Annual Report to OJK and to consumer protection provisions.
shareholders according to the specified period. 4. Information on the transparency of ownership structure
4. The Quarterly and Annual Published Risk Exposure in the Annual Report and CIMB Niaga’s website.
and Capital Reports have been made public in 5. Important and relevant material information or
accordance with OJK regulations through the CIMB facts regarding events, incidents, or facts that can
Niaga’s website. influence the decisions of interested parties on such
information or fact, are always announced to the
TRANSPARENCY OF THE BANK’S NON- public via the CIMB Niaga’s website and the Indonesia
FINANCIAL CONDITIONS Stock Exchange’s website.
1. Information on Corporate Governance, including the 6. Other information in the interest of supporting
Corporate Governance Annual Report, Corporate information disclosure, financial education and public
Vision, Mission and Core Values, Composition and services is delivered through various printed and
Profiles of the Board of Commissioners, Sharia electronic media of CIMB Niaga, including e-mail,
website, and various social media.
Reporting Integrity and
Information Technology Systems
The Bank’s success in implementing transparency in Furthermore, the Bank ensures Bank’s product
financial and non-financial conditions for stakeholders information transparency and the use of consumer and/
is based on two key pillars: reporting integrity and or customer data in accordance with the OJK Regulation
information technology system security. The integration on the Implementation of Commercial Bank Products and
of these two factors can also result in accurate, relevant, the OJK Regulation on Consumer and Public Protection in
and reliable information. Both contribute significantly the Financial Services Sector.
to build trust and reputation of the Bank among
stakeholders. In terms of reporting integrity, CIMB Niaga prepares and
publishes Annual Report and Sustainability Report in
The integrity of CIMB Niaga’s reporting is ensured by accordance with the OJK Regulation on Annual Reports
compiling and presenting reports in accordance with the and the Implementation of Sustainable Finance for
Otoritas Jasa Keuangan (OJK) Regulations. This ensures Financial Institutions, Issuers, and Public Companies and
that the information submitted by the Bank is accurate, OJK Regulation on Integrity of Bank’s Financial Reporting.
complete, and free of errors throughout the data The Bank’s Annual and Sustainability Reports are
preparation, collection, and presentation stages. This prepared and published in an integrated manner, putting
allows stakeholders to be confident that the information historical performance into context while also describing
they receive is accurate and reliable. the Bank’s risks, opportunities, and future prospects.
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CIMB Niaga has an Information Technology (IT) system, CIMB Niaga ensures the availability and adequacy of
which provides safe and reliable channels to disseminate internal reporting, which is supported by an adequate IT
information for Stakeholders to protect and ensure the system, in order to improve the quality of decision-making
integrity of reporting. The Bank’s IT system will ensure by the Board of Directors and oversight by the Board of
that data will be available when needed and can be Commissioners.
easily accessed. In contrast, IT security shields data from
threats that might compromise its integrity.
Conflict Management Policy
(Including Insider Trading)
CIMB Niaga implements a Conflict Management policy employees and management are not permitted to execute
with the goal of determining/providing guidance for transaction activities in the form of Bank Securities
identifying, preventing, and managing potential conflicts during certain periods.
of interest that may arise as a result of activities carried
out by the Bank’s business units that obtain information The Control Room of the Bank (Corporate Affairs) is
about CIMB Niaga and CIMB Group customers. This policy required to announce the Blackout Period to all Bank
governs procedures for trading the Bank and CIMB Group employees, as well as the Control Room of the CIMB
securities and is intended to mitigate the use of insider Group. Every employee and management who will carry
information for the personal interests of employees and out the Bank or CIMB Group Securities transactions
management (insiders). (outside the Blackout period) are also required to report
and obtain prior written approval from the Control Room
This Conflict Management Policy is intended to reaffirm of the Bank (Corporate Affairs) no later than 2 (two)
the prohibition on the use of Insider Trading information working days before the planned transactions and from
in private securities transactions by employees and the CIMB Group Control Room by filling out the employee
management, specifically members of the Bank’s Board transaction request form and reporting back to the Bank
of Commissioners and Board of Directors. This policy also Control Room no later than 2 (two) working days following
governs the existence of a Blackout Period, where all the transaction.
Dividend Policy
Information regarding Dividend Policy has been described in the Management Discussion and Analysis Chapter of this
Annual Report.
Long-Term Compensation Policy
Information regarding the policy of performance-based long-term compensation to the management and/or employees
of the Bank has been described in the Management Discussion and Analysis Chapter of this Annual Report.
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Shares and Bonds
Buyback of CIMB Niaga
In 2024, CIMB Niaga did not conduct any buyback of shares or bonds previously issued by the Bank and listed at the
stock exchange.
For the remaining treasury shares purchased before 2024 that are not executed the purchase option by designated
employees, Bank CIMB Niaga has released all treasury shares which are 100,148,782 (full amount) shares in 2024.
Customer Protection Policy
For CIMB Niaga, the customer is always #YangUtama, To realize customer protection, CIMB Niaga refers
an integral part of the Bank’s policies. As a result, CIMB to OJK Regulation No. 22 of 2023 on Consumer and
Niaga is constantly striving to meet banking needs and Community Protection in the Financial Services Sector,
provide various innovative financial solutions. One of the OJK Regulation No. 18/POJK.07/2018 on Consumer
efforts is manifested through the 2024 theme “Aspiration Complaints Services in the Financial Services Sector
becomes Inspiration.” and Customer Protection Policy No. E.04.A.10, as well
as Sharia Customer Protection Policy No. E.04.A.08. The
CIMB Niaga has established the EPICC (Enabling Talent, implementation of these principles is also manifested in
Passion, Integrity & Accountability, Collaboration, and CIMB Niaga’s commitment to consistently prioritize the
Customer Centricity) work culture. WFHeart or Work principles of information transparency and disclosure,
From Heart is a movement that realizes Customer as well as fair and responsible treatment. CIMB Niaga
Centricity values, prioritizes customer needs in every ensures the provision of clear, accurate, non-misleading,
activity, and provides sincere services from the heart and easy-to-understand information in communicating
for customers and fellow CIMB Niaga employees. The each product and service to customers. Furthermore,
efforts of CIMB Niaga for the WFHeart movement begin CIMB Niaga provides a complaint channel that is easily
with communication to raise awareness of the importance accessible to customers as its commitment to Customer
of empathy and collaboration with coworkers to solve Protection.
problems and provide solutions quickly and accurately.
The elaboration of WFHeart is optimized through a Through the Customer Care Unit (CCU), the Bank
series of programs that consistently support Customer follows up on customer complaints regarding banking
Centricity attitude. and financial products and services by the Service
Level Agreement (SLA). Furthermore, CIMB Niaga also
Furthermore, WFHeart’s efforts are also balanced with conducts continuous evaluation and innovation, enabling
consumer protection efforts by actively participating in it to resolve customer complaints better and faster.
the Banking Mediation Working Group in collaboration This effort also manifests CIMB Niaga’s commitment to
with Bank Indonesia and the Financial Services Authority providing the best experience for customers, such as
as well as other banks through various customer education #YangUtama.
programs, both in banking seminars and other media.
For example, education is essential in understanding Through OCTO Mobile, OCTO Clicks, and BizChannel
the rights and obligations in transactions, maintaining Digital Services, CIMB Niaga provides innovative,
the confidentiality of personal data, and knowing ways adaptive, and special banking experiences for customers.
to protect yourself from potential risks in using banking These digital banking services greatly assist customers
products and services. in carrying out banking activities anytime and anywhere
safely, both for individual customers and business
entities. CIMB Niaga addresses the needs of #YangUtama
customers in the digital era.
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In 2024, CIMB Niaga succeeded in resolving 99% of customer complaints in a timely manner. The Bank also recorded
various encouraging achievements and performances throughout the 2024 financial year. The Bank’s Net Promoter
Score (NPS) measurement as the primary metric that represents the voice of customers managed to achieve an NPS
score of 57% in 2024, an increase of 7% compared to 2023, which achieved 50%. This achievement is a manifestation
of continuous service process improvements, and WFHeart actions from the entire CIMB Niaga team to provide the best
Customer Experience for customers #YangUtama.
NET PROMOTER SCORE (NPS) RESULTS
Year NPS Score
2024 57%
2023 50%
NUMBER OF COMPLAINTS AND RESOLUTION PERCENTAGE
Year Number of Complaint Complaint Resolved Resolution Percentage
2024 64,457 63,610 99%
2023 53,201 52,488 99%
COMPLAINT TYPE, NUMBER AND RESOLUTION
2024 2023
Complaint Type
Number of Complaint Number of Complaint
Complaint Resolved Complaint Resolved
Financial 53,366 52,524 39,301 38,655
Non-Financial 11,091 11,086 13,900 13,833
- Service Quality 552 552 1,150 1,150
- Others 10,539 10,534 12,750 12,683
Total 64,457 63,610 53,201 52,488
COMPLAINT HANDLING IN 2024
CIMB Niaga publishes the handling of complaints received by the Bank at least once a year in the Annual Report and on
the Bank’s website by OJK Circular Letter No. 17/SEOJK.07/2018 on Guidelines for Implementing Consumer Complaint
Services in the Financial Services Sector. Information on complaint handling based on the type of financial transaction
in 2024 is as follows:
Resolved In Process Unresolved Number of
Type of Financial Transaction
Total % Total % Total % Complaint
Bancassurance - 0.00% - 0.00% - 0.00% -
Deposit 3 100.00% - 0.00% - 0.00% 3
Direct Debit - 0.00% - 0.00% - 0.00% -
Electronic Banking 36,156 99.95% 18 0.05% - 0.00% 36,174
ATM Card/Debit/ATM Machine 12,560 99.07% 118 0.93% - 0.00% 12,678
Credit Card 13,465 95.00% 708 5.00% - 0.00% 14,173
Clearing (Transfer)/Remittance - 0.00% - 0.00% - 0.00% -
Unsecured Loan 108 99.08% 1 0.92% - 0.00% 109
Vehicle Loan/Financing - 0.00% - 0.00% - 0.00% -
Home/Apartment Mortgage/Financing 24 100.00% - 0.00% - 0.00% 24
Other Fund Raising 551 100.00% - 0.00% - 0.00% 551
Other Financing - 0.00% - 0.00% - 0.00% -
Saving 638 99.69% 2 0.31% - 0.00% 640
Wealth Management 105 100.00% - 0.00% - 0.00% 105
Total 63,610 98.69% 847 1.31% - 0.00% 64,457
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Internal Fraud
ANTI-FRAUD POLICY CIMB NIAGA’S MITIGATION ACTIONS
CIMB Niaga implements an anti-fraud framework as AGAINST FRAUD
part of its internal control system to foster a compliance
culture and raise risk awareness of the potential and ACTIVE MANAGEMENT SUPERVISION OF FRAUD
consequences of fraud at all levels of the organization. CIMB Niaga Management actively supervises the
CIMB Niaga’s Anti-Fraud Policy is prepared based on OJK implementation of the Anti-Fraud Policy. Management’s
Regulation No. 12 of 2024 on the Implementation of Anti- supervision includes the implementation of an anti-fraud
Fraud Strategies for Financial Service Institutions. Based socialization program is effective.
on OJK Regulation No. 12 of 2024, acts of bribery and
corruption are considered as acts of fraud. Bank Management has also signed an Integrity Pact,
which has been implemented at all levels of the Bank’s
The Anti-Fraud Policy of CIMB Niaga governs the organization, including the Board of Directors, Board
framework, governance, and implementation of of Commissioners, Sharia Supervisory Board, and all
strategies to control and address potential internal fraud, CIMB Niaga employees without exception. This signing
which are implemented in the form of a control system. also serves to fulfill OJK Regulation No. 12 of 2024 on
CIMB Niaga’s Anti-Fraud Policy, as outlined in the Risk Implementation of Anti-Fraud Strategies for Financial
Management Chapter of this Annual Report, is part of the Service Institutions. The integrity pact consists of a
Bank’s efforts to foster a compliance culture and raise commitment to always uphold integrity and oppose all
awareness of potential risks, thereby preventing fraud acts of fraud, bribery, and corruption, as well as violations
violations and the consequences for perpetrators if such of CIMB Niaga’s Code of Ethics and Code of Conduct.
violations are discovered.
In order to implement good governance, CIMB Niaga
CIMB Niaga management is committed to dealing with all routinely sends reminder letter to business partners
types of violations/fraud in a firm and consistent manner, regarding the implementation of anti-fraud, bribery, and
including pursuing criminal charges against those who anti corruption policy measures, the Bank’s commitment
are proven to commit them. This is consistent with one to an integrity culture, and the mechanism for reporting
of the key pillars of implementing the Anti-Fraud Policy, violations via Whistleblowing System, such as before
Tone from the Top, which eventually leads to Bank CIMB Eid Al-Fitr or at the end of the year, the Bank sends an
Niaga’s firm stance and commitment to reject all types of Anti-Gratification Letter to all Bank business partners
fraud, also known as Zero Tolerance to Fraud. on a regular basis in the form of a notification/reminder
regarding the Prohibition of Gratification to the Bank’s
The TPTIK (Employee Indisciplinary Action Determination management, including the Board of Directors, Board
Team) determines the imposition of sanctions on fraud of Commissioners, Sharia Supervisory Board and all
perpetrators, including related employees who commit CIMB Niaga employees without exception. This is done
violations that allow fraud to occur, in order to ensure that in order to prevent all forms of risk of fraud, bribery, and
Zero Tolerance to Fraud is implemented transparently, corruption, as well as to provide confidence and maintain
fairly, and professionally. CIMB Niaga consistently business partners’ trust in the Bank.
communicates Tone from the Top regarding Zero Tolerance
to Fraud to all levels of the organization through the ANTI-FRAUD SOCIALIZATION PROGRAM
Board of Directors’ active participation in the socialization CIMB Niaga continuously implements mitigation
program for implementing anti-fraud awareness and a measures to ensure that employees do not commit fraud.
speak-up culture through mandatory training, sharing This is accomplished through continuous outreach to
sessions, and other anti-fraud campaigns. all Bank personnel via a variety of methods and media,
including face-to-face, virtual, and e-Learning, as well
as other internal communication media such as e-mail
blasts, internal bulletins, desktop wallpapers, posters,
and social media of the Bank.
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In 2024, CIMB Niaga has organized educational programs In 2024, there were 6,002 employees who
and socialized anti-fraud campaigns for both internal participated in Anti-Fraud Awareness and Cyber
employees and customers, including: Security Awareness training, both face-to-face and
online training.
1. Anti-Fraud Awareness for Employees:
• Mandatory Anti-Fraud Awareness training for 2,892 3,554 3,242 6,958 6,942 6,002
employees and leaders in the Non-Branch Channel
(NBC) and Commercial Banking (COMBA) work
units.
• Sharing sessions and training held in collaboration
between AFM, business units, and HR as follows:
o Anti-fraud awareness refreshment sharing
sessions for all branch employees and leaders
at the Jakarta area’s Network & Digital Banking 2019 2020 2021 2022 2023 2024
Directorate.
o Anti-fraud awareness sharing sessions were
also conducted for all employees and leaders 2. Customer Anti-Fraud Awareness
of Marketing Branch Channel & Customer Carried out through various communication channels,
Experience (MBCX), Network & Digital including social media (Facebook, X, Instagram, TikTok),
Banking - Digital Banking and Operation & IT - WhatsApp/SMS, ATM/CDM/CRM/OCTO Mobile/Clicks
Whole Banking Operation & Non Retail Credit screens, electronic mail, account/combined/billing
Administration work units. statement, IVR Call Center, and website. The messages
o Other training provided by the HR Learning conveyed to customers included an appeal to:
unit, both virtual and in-person, includes anti- • Do not provide confidential data to other
fraud training for Customer Service, Teller, unauthorized parties, including Bank’s employees,
Branch Manager, RM Development Program, such as Savings Book, ATM Card & PIN, passcode/
and The Complete Bankers. OTP, and CVV.
• As part of cyber risk mitigation, the Bank has • Check account statements sent by the Bank and
disseminated Cyber Security Awareness to all report any suspicious/inappropriate transactions.
employees through various programs, including • Do not hand over cash for transactions outside the
training or sharing sessions, email blasts, and teller counter, including to Bank employees.
phishing test emails, which were sent to all • Maintain the confidentiality of transaction data
employees to ensure that employees understood and be alert to fake call centers.
phishing emails. In the event that employees • Do not entrust pre-signed blank forms to any
successfully click on the phishing test link, then party, including Bank employees.
the employee concerned must re-take the training • Make sure that data/information on Bank forms
program to re-learn the Basic Cyber Security has been filled before signing.
module. • Cybercrimes include social engineering, email
• Anti-fraud socialization programs, including speak phishing, and smishing
up culture and whistleblowing, through internal
communication facilities and media as follows: CIMB Niaga carries out educational programs
o Socialization through internal media (HR Info, regarding anti-fraud awareness in order to ensure
Galeri News, Posters, Social Media, Podcast, that customers are always on alert when carrying
LOG, TV for announcements, and Digital TV). out transactions and avoid potential fraud violations
o Awareness programs are carried out regularly committed by employees.
by the Business Units, where material related
to anti-fraud and speak-up is part of what is 3. Collaborative Anti-Fraud Management for NDB
delivered on an ongoing basis. AFM, Operational Risk Management (ORM), NDB
o Email blast initiated by the business unit with and Consumer Banking units carried out Focus
material presented in accordance with fraud Group Discussions (FGDs) as a follow-up to identify
cases that occurred at the business unit. corrective measures that need to be taken to
strengthen the culture of integrity and compliance
in the branch environment and ensure that fraud no
longer occurs.
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DATA FOR INTERNAL FRAUDS VIOLATIONS AND SANCTIONS
Information regarding data on violations with a nominal value exceeding Rp100,000,000 (one hundred million Rupiah)
committed by Management, as well as permanent and non-permanent employees, as regulated in OJK Regulation No. 12
of 2024 on Implementation of Anti-Fraud Strategy for Financial Service Institutions, as follows:
Number of Cases Committed by
Board of Commissioner and
Description Permanent Employees Non-Permanent Employees
Board of Directors
2024 2023 2024 2023 2024 2023
Resolved - - 1 7 - -
Internal resolution in process - - - - - -
Unresolved - - - - - -
Followed-up by legal proceeding - - 3 1 - -
Total Fraud - - 4 8 - -
In 2024, CIMB Niaga imposed firm action in the form of sanctions against 93 (ninety-three) employees, including
termination of employment (PHK) for 54 (fifty-four) employees and letters of warning/reprimand (SP/ST) for 39
(thirty-nine) employees, with the following details:
First Warning Second Third Warning Termination
Reprimand Warning of
Letter Letter Letter Letter Employment
16 10 - 13 54
Bank CIMB Niaga believes that fraud must be avoided through active management supervision, a strong compliance
culture at all levels of the organization, and various socialization/training programs for both employees and customers.
As a result, the Bank continues to work to implement various mitigation measures by empowering other tools found in all
directorates/units and implementing them in accordance with their respective functions.
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Whistleblowing System
In order to foster transparency, fairness, and compliance, CIMB Niaga has established and implemented the
Whistleblowing System (WBS). CIMB Niaga WBS is implemented in compliance with OJK Regulation No. 12 of 2024 on
Implementation of Anti-Fraud Strategies for Financial Services Institutions.
Since 4 December 2017, CIMB Niaga has engaged in a contract agreement with third party (now renamed to PT DC
Solutions) to manage the whistleblowing reports in a professional and independent manner. This cooperation is expected
to increase trust in both internal and external parties to submit reports more freely/comfortably without hesitation.
CIMB NIAGA - DELOITTE WHISTLEBLOWING SYSTEM MECHANISM
WHISTLEBLOWER CIMB NIAGA
1. Report indications of violations 1. Receive the report from the 1. Receives the report from Deloitte
through available reporting media. Whistleblower 2. Validate the clarity/adequacy of
2. Free to reveal identity or to remain 2. Send the report to CIMB Niaga WITHOUT report contents
anonymous the identity of the whistleblower, UNLESS 3. Following up on reports: requesting
3. Attach EVIDENCE (if any) the whistleblower chooses to disclose the additional information or further
4. WISE in making the report, not being identity investigation
a slander, false report, or defamation 3. To act as a communication intermediary 4. Submit the results of the investigation
5. Employees may not INTIMIDATE other between CIMB Niaga and the (proven/not proven/insufficient
employees making a report via the whistleblower evidence) to the Whistleblower and
Whistleblowing 4. Communication with the reporter and close the report via Deloitte Halo
closing of the report is done through 5. Ensure the CONFIDENTIALITY of
Deloitte Halo the whistleblower's identity and the
5. Ensure the CONFIDENTIALITY of contents of the report
whistleblower's identity and the contents
of the report
WHISTLEBLOWING CHANNEL identity/email address/phone number can only be shared
Communication channels managed by third party: under the whistleblowers’ consent.
1. Website : https://idn.deloitte-halo.com/
ayolaporCIMBNIAGA CIMB Niaga promotes freedom to the whistleblower
2. E-mail : ayolaporCIMBNIAGA@tipoffs.info for not providing any evidence of the allegation report.
3. Phone : 14031 However, CIMB Niaga continues to recommend that all
4. SMS & WA : +62 822 1135 6363 whistleblowers have a compelling reason to submit the
5. Facsimile : +62 21 2856 5231 violation report with good intentions. Any evidence in the
6. Mail : Ayo Lapor PO BOX 3331 JKP 10033 form of data, information, or documents related to the
indication of violation could be attached to the submitted
WHISTLEBLOWER PROTECTION report.
CIMB Niaga strongly commits to protecting and keeping
the confidentiality of the whistleblower in accordance with HANDLING OF WHISTLEBLOWING REPORT
the Bank’s internal policies. By ensuring the confidentiality The types of allegations that can be reported to WBS
of the whistleblower’s identity and providing a clear are report regarding fraud, money laundering, and
follow-up mechanism, the Bank can build trust among code of ethics/human resources. Every whistleblowing
employees and stakeholders. The whistleblower’s name/ report received will be reviewed and analyzed by the
Whistleblowing Officer in accordance with the basic
principles of whistleblowing management:
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- Valid reports with sufficient data/information will be of reports managed by the WBS. The Whistleblowing
forwarded for further examination by the inspection Coordinator Unit has the authority to decide and
team. The results of the examination, whether proven approve whether the report is not valid and pre-closed,
or not proven, will be submitted to the Whistleblowing to be further investigated, or to close or re-open the
Officer to be then submitted to the Reporter and the report if additional information is discovered. With
report status will be closed. this structure, the CIMB Niaga WB Coordinator also
- The whistleblowing officer will forward reports that are functions as AFM WB Coordinator.
irrelevant or outside the scope of the WBS to the relevant 4. The CIMB Niaga Whistleblowing (WB) Officer is a staff
party or unit for follow-up. of Anti-Fraud Management unit appointed to support
- If the data/information in the submitted report is deemed the CIMB Niaga WB Coordinator by monitoring
not valid or insufficient, the report will be classified as the handling of all incoming reports, establishing
closed. whistleblowing regular reporting, and managing
communication by compiling and submitting
PARTIES IN CHARGE OF WHISTLEBLOWING whistleblower reports, and maintaining cooperation
The parties appointed to manage WBS CIMB Niaga are: and communication with third party who manage
1. The director in charge of Compliance, Corporate WBS including managing WBS system access/user ID
Affairs & Legal (CCAL) is the person responsible (Deloitte Halo).
for WBS CIMB Niaga, who has the primary duties 5. The Whistleblowing Officer is a staff of AFM, AML, or
and responsibilities of supervising the overall HR units who is appointed to manage whistleblowing
implementation and handling of whistleblowing reports in the respective report type/category.
reports to ensure compliance with procedures and The Whistleblowing Officer’s primary duties and
regulations. responsibilities include conducting report analysis
2. CIMB Niaga Whistleblowing Coordinator is the person and escalating it to the Whistleblowing Coordinator
heading the Anti-Fraud Management unit with primary Unit to obtain actions to be taken as well as ensuring
responsibility of managing the WBS operations to the administration of data status updates. With this
ensure all reports are well and properly handled. structure, the CIMB Niaga Whistleblowing Officer
3. The Whistleblowing Coordinator Unit comprises also functions as the AFM WB Officer.
D-1 officials in charge of Anti-Fraud Management 6. The Chief Audit Executive (CAE) performs an
(AFM), Anti-Money Laundering (AML), and Human independent oversight over of CIMB Niaga’s WBS
Resources (HR), in accordance with the scope/type management and operations.
AUTHORITY FOR HANDLING OF WHISTLEBLOWING REPORTS OVER CIMB NIAGA EMPLOYEE
In the event that CIMB Niaga’s employee/management is reported through WBS the report handling is regulated as
follows:
No. Reported Party Report Addressed To
1 CIMB Niaga Employees WB Officer
2 WB Officer CIMB Niaga Coordinator & WB Coordinator Unit
3 WB Coordinator Unit CIMB Niaga WB Coordinator & CCAL Director
4 CIMB Niaga WB Coordinator CCAL Director
5 Member of the Board of Directors President Director
6 President Director President Commissioner
7 Member of the Board of Commissioners President Commissioner
8 President Commissioner Board of Commissioners
REPORTING TO MANAGEMENT ON REPORT HANDLING
CIMB Niaga’s Whistleblowing Coordinator/Officer provides a monthly update on the status of all incoming reports to the
Director in charge of CCAL and copied to the Director in charge of Risk Management, the Director in charge of Human
Resources, the Chief Audit Executive, and all members of the Whistleblowing Coordinator Unit. As the implementation of
supervision by the Board of Commissioners, on a quarterly basis, the report on whistleblowing is presented to the Board
of Commissioners through the Audit Committee.
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ROLE OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS
The Board of Directors and Board of Commissioners take an active role in the implementation and oversight of WBS CIMB
Niaga in the form of:
1. The Board of Directors reviews and approves the Whistleblowing Policy.
2. The Board of Directors receives and reviews the whistleblowing reports on a monthly and quarterly basis regarding
the number of incoming whistleblowing reports along with their status, as well as providing directions on actions to
be taken.
3. The Board of Commissioners receives and reviews reports presented through the Audit Committee on a quarterly
basis and provides directions on actions to be taken.
SOCIALIZATION OF THE WHISTLEBLOWING SYSTEM
CIMB Niaga continuously conducts socialization on the Whistleblowing System. Internally, socialization is carried out
through various media, such as training, sharing sessions, desktop wallpapers, posters, and LOG (Learning on The Go).
Externally, socialization is carried out through CIMB Niaga website and social media (Instagram).
Furthermore, specifically for CIMB Niaga business partners, socialization is stated in the Cooperation Agreement,
Vendors Code of Ethics, and anti-gratification letters that are sent to partners on a regular basis whereby they are asked
to report to the Bank any indications of fraud, corruption, bribery, violations of ethics, policies, and all other forms of
violations done by Board of Commissioners, Board of Directors, and employees of CIMB Niaga.
NUMBER OF WHISTLEBLOWING REPORTS IN 2024 AND 2023
The number of whistleblowing received through the whistleblowing system in 2024 was 207 (two hundred and seven)
reports, whereby 122 (one hundred and twenty-two) reports were valid to be investigated, 80 (eighty) reports were not
valid/pre-closed and 5 (five) reports were waiting for further data/information from the Whistleblower. 96 (ninety-
six) out of 122 reports, or 79% have been fully investigated, with the result 66 (sixty-six) reports were valid, 30 (thirty)
reports were not valid. The remaining 26 (twenty-six) reports were still under investigation.
Total
Status of Whistleblowing (WB) reports
2024 2023
WB Reports not proceed to investigation (Pre-CLOSED) 80 82
WB Reports that have been investigated (CLOSED) 96 146
a. PROVEN WB report 66 135
b. UNPROVEN WB report 30 11
WB Reports in progress (OPEN) 31 35
a. Under ongoing investigation 26 30
b. Pending due to data/information completeness 5 5
Total Incoming Reports 207 263
Percentage of WB reports that have been completely investigated out of the total reports that are valid for 79% 83%
investigation (as of the end of December)
THEMATIC ISSUES ON 2024 WHISTLEBLOWING REPORTS
Thematic issues reported during 2024 among others are as follows:
FRAUD MONEY LAUNDERING HUMAN RESOURCES
• Mark up on outing costs Misuse of CIMB Niaga accounts by • Complaints regarding the attitudes and
• Blackmail/demand for incentives. the account holders for fraudulent actions of supervisors/colleagues.
• Forgery of sick note. transactions via e-commerce/ • Complaints about staff who are not paying
• Forgery of customer signature. marketplace/website/social media, online loans.
• Negative information about fictitious investments, fictitious job • Misuse of office facilities for personal gain.
prospective debtors. offers, donations. • Violations concerning work discipline
• Manipulation of credit application (attendance, performance, and dress code)
data. • Work discomfort
• Sales Performance Target • Affairs
manipulation.
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FOLLOW UP ON VIOLATIONS
CIMB Niaga strongly commits to following up on every whistleblowing report and imposes sanctions on the reported
staff based on the results of the investigation. In 2024, there were 15 (fifteen) employees were proven to have committed
violations and been sanctioned, as shown in the following table:
Reprimand Second Termination
Letter
First Warning
Letter
Warning
Letter
Third Warning
Letter
of
Employment TOTAL
2024 6 6 3 15
2023 4 3 - 3 7 17
Strategic Plan of the Bank
Information regarding the Bank’s strategic plan has been described in the Management Discussion and Analysis Chapter
of this Annual Report.
Implementation of the ASEAN Corporate
Governance Scorecard
The implementation of CIMB Niaga Corporate Governance which refers to the ASEAN Corporate Governance Scorecard is
presented in more detail on the CIMB Niaga website https://investor.cimbniaga.co.id/gcg/asean_cg.html
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Indonesian General Guidelines
for Corporate Governance (PUGKI)
The application of good corporate governance principles plays an important role in increasing the confidence of investors
and stakeholders, reducing the cost of capital, strengthening the capital market and the financial services sector,
expanding employment, and encouraging economic growth in line with the principles of sustainable development. The
National Committee on Governance Policy (KNKG) has issued the 2021 Indonesian General Guidelines for Corporate
Governance (PUGKI) as the global standard guidelines for corporate governance practices, which are recommended
particularly for corporations listed on the capital market and managing public funds.
CIMB Niaga applies the principles and recommendations of the 2021 PUGKI based on the “apply or explain” approach
with the following details of implementation at the Bank:
Principle Recommendations Implementation at CIMB Niaga
Principle 1: 1.1 Roles and 1.1.1 To achieve sustainable value creation, the Apply
Roles and Responsibilities Board of Directors carries out its leadership
Responsibilities of the Board of role and seeks to achieve the following The Board of Directors realizes high standards of business
of the Board Directors governance outcomes: ethics and ensures the implementation of a code of ethics
of Directors a. to be competitive and focused on long- that creates a corporate culture with integrity. One of
and Board of term performance; the measures is by implementing a new work culture,
Commisisoners b. to be ethical and responsible in conducting namely EPICC (Enabling Talent, Passion, Integrity &
business; Accountability, Collaboration, Customer Centricity).
c. to have positive contributions to the
community and the environment; as well as The Board of Directors has made the optimization of the
d. to be able to survive and grow (corporate latest information technology implementation as one of
resilience) the strategic pillars in achieving both short and long-term
1.1.2 The Board of Directors must ensure that the business targets.
corporate mission, vision, goals, objectives,
strategies, as well as annual and mid-term The Bank’s risk management system and internal control
plans are consistent with long-term goals, are always aligned with the corporate vision, mission,
by effectively utilizing innovation and goals, objectives, and strategies, as well as complying
technology. with applicable laws and regulations and standards.
1.1.3 The Board of Directors ensures that the
corporation implements an appropriate and The Board of Directors ensures that the integrity of
effective risk management and internal personnel and the reporting processes and financial
control system that is aligned with the information are carried out accurately and appropriately
corporate vision, mission, goals, objectives in accordance with financial accounting standards and
and strategies, as well as complying regulatory provisions. Profile of the Strategy, Finance
with applicable laws and regulations and and SPAPM Director as well as senior management
standards. from work units responsible for financial reporting are
1.1.4 The Board of Directors ensures that the presented in this Annual Report. The Board of Directors
integrity of the corporate accounting and is also responsible for and publishes the Quarterly
financial reporting system and the timely and Financial Reports on the Bank’s website and mass media
accurate disclosure of all material information in accordance with applicable regulations.
about the corporation.
1.1.5 The Board of Directors ensures that The Board of Directors and management have ensured
sustainability reporting has been prepared that the Sustainability Report is prepared based on a
properly. reporting framework that is appropriate to the size and
1.1.6 The Board of Directors builds a framework complexity of the corporation and meets national and/or
for corporate information technology (IT) global standards.
governance that is aligned with corporate
business needs and priorities, drives business The Bank’s IT governance strategy and framework are
opportunities and performance, strengthens explained in detail in this Annual Report. The Board
risk management, as well as supports of Directors ensures that the Bank has adequate and
corporate goals and strategies. optimal IT resource allocation policies to support the
1.1.7 For corporations conducting business Bank’s goals and strategies.
activities based on Sharia principles, the Board
of Directors needs to ensure the authority The Board of Directors ensures that the Sharia Business
and availability of adequate supporting tools, Unit has adequate and effective supporting tools as
allowing the Sharia Supervisory Board to stipulated in the Sharia Supervisory Board Charter.
carry out its role effectively.
1.1.8 The Board of Directors’ Charter is periodically The Board of Directors’ Charter is reviewed periodically.
reviewed. The Charter includes, among The most recent Charter was updated on 6 December
others, the delegation of roles for the 2024 and uploaded to the Bank’s website.
Directors individually, which can be regulated
in the Board of Directors’ Charter or by a Board of Directors’ Charter and Bank Nomination Policy
decision letter of the Board of Directors. No. M.04, contains a policy on the resignation of members
1.1.9 The Board of Directors has a policy regarding of the Board of Directors if they are involved in a financial
the resignation of members of the Board of crime and are proven to have made a mistake.
Directors if they are involved in a financial
crime and are proven to have made a mistake.
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1.2 Performance 1.2.1 The Board of Commissioners conducts an Apply
Assessment annual formal evaluation in an objective
– Board of and independent manner to determine the The Bank has a policy to assess the performance of the
Directors and its effectiveness of the Board of Directors and Board of Directors, consisting of collegial assessment on
Members each individual Director. the performance of the Board of Directors, conducted at
1.2.2 The Board of Commissioners, with due least 1 (one) time a year and assessment on the individual
observance of the Nomination and performance of the Board of Directors, including the
Remuneration Committee, is responsible President Director, conducted at least 2 (two) times a
for determining performance assessment year.
criteria and assessing the performance of the
President Director and other members of the The assessment results are discussed by the Nomination
Board of Directors.. and Remuneration Committee to obtain input and
recommendations before seeking approval from the
Board of Commissioners.
A more detailed explanation is provided in the discussion
on the Performance Assessment of the Board of
Commissioners and Board of Directors in this Annual
Report.
1.3 Roles and 1.3.1 The Board of Commissioners reviews the Apply
Responsibilities corporate strategy at least annually and
of the Board of approves the corporate mission, vision The Board of Commissioners together with the Board of
Commissioners and strategy formulated by the Board of Directors annually conducts studies and reviews on the
Directors. The Board of Commissioners also suitability of the company’s vision and mission with the
reviews, provides advice, and approves long- strategy, current condition of the company, and business
term business and financial plans and the challenges that will be faced in the future. The Board
company’s short-term financial plans. The of Commissioners also reviews, provides advice, and
Board of Commissioners provides advice approves business plans and long-term financial plans
and monitors the Board of Directors on the and short-term financial plans of the corporation and
management of its implementation. The Board oversees the management of their implementation by the
of Directors and Board of Commissioners are Board of Directors as presented in the discussion of the
involved in decisions that are very important Bank’s Vision and Mission and Joint Meeting of the Board
for the corporation, as regulated in the of Commissioners and Board of Directors in this Annual
articles of association of the company. Report.
1.3.2 The types of decisions that require the
approval of the Board of Commissioners must Decisions taken by the Board of Commissioners have
be disclosed in the annual report. been presented in the discussion of the Board of
1.3.3 Taking into account the recommendation of Commissioners in this Annual Report.
the Nomination and Remuneration Committee,
the Board of Commissioners proposes to, and As stipulated in the Bank’s Nomination Policy No.
to be resolved by, the GMS the appointment M.04 and Bank Diversity Policy No. M.07, the Board of
and/or dismissal of members of the Board Commissioners plays an active role in the process of
of Directors and members of the Board of appointing and/or dismissing members of the Board of
Commissioners. In proposing the above, the Directors and members of the Board of Commissioners,
Board of Commissioners takes into account taking into account the recommendations of the
the diversity, non-discriminatory elements, Nomination & Remuneration Committee and diversity
as well as provides equal opportunities by providing equal opportunities regardless of ethnicity,
regardless of ethnicity, religion, race, class religion, race, class and gender and carried out in a
and gender. The Board of Commissioners formal and transparent manner.
ensures a formal and transparent selection
and nomination process for members of the In order to prepare for leadership regeneration, the Bank
Board of Directors and members of the Board has established and implements a succession policy for
of Commissioners. the Board of Directors and/or Senior Management, which
1.3.4 The Board of Commissioners or Committees is part of the Nomination and Remuneration Committee
conducting the nomination function Charter and the Bank’s Nomination Policy No.M.04 as
formulate a succession policy in the stated in the Annual Report.
process of nominating members of the
Board of Directors. Every year, the Board of The Nomination and Remuneration Committee discusses
Commissioners reviews the report on the the remuneration for the Board of Commissioners and
implementation of the development and Board of Directors by taking into account information
succession plans submitted by the President on the range and standard of remuneration with similar
Director. industries (peer groups) in the market and the capabilities
1.3.5 The Board of Commissioners a). submit of the Bank; The Nomination and Remuneration
to the GMS, which may be preceded Committee provides recommendations for further
by recommendation from Committees discussion at the Board of Commissioners Meeting; The
conducting the remuneration function, the Board of Commissioners studies the recommendations
amount of remuneration for members of the from the Nomination and Remuneration Committee
Board of Directors and members of the Board and proposes the remuneration to the GMS; and the
of Commissioners, in line with sustainable GMS determines the remuneration for the Board of
corporate development and the long-term Commissioners, to then be implemented according to the
interests of the corporation and shareholders; resolution by the Board of Directors.
b). periodically reviewing the remuneration
system for the Board of Directors and Board
of Commissioners.
1.3.6 The Board of Commissioners oversees the
effectiveness of corporate governance
policies and the implementation, as well as
proposing changes if necessary.
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1.3.7 The Board of Commissioners monitors The Board of Commissioners, either directly or through
and directs the company to implement the committees, always supervises and directs the policies
appropriate and effective risk management and effectiveness of the implementation of governance,
and internal control systems that are aligned risk management and internal control systems carried out
with the corporate goals, objectives and by management, and provides input and improvements if
strategies as well as complying with laws and necessary. The Board of Commissioners always ensures
regulations, codes of conduct, and applicable the integrity of the accounting and financial reporting
standards. systems as well as the independence of the internal and
1.3.8 The Board of Commissioners supervises external audit functions, which are reflected through
and directs the integrity of the corporate the discussions on the Audit Committee and the Internal
accounting and financial reporting system, as Audit Unit in this Annual Report.
well as the independence of the internal and
external audit functions. The preparation of the Annual Report and Sustainability
1.3.9 The Board of Commissioners monitors, Report is reviewed and approved by the Board of
reviews, and approves the annual report and Commissioners.
sustainability report of the company, and
ensures their integrity, as well as oversees The Board of Commissioners’ Charter is periodically
the company’s disclosure and communication reviewed. The most recent Charter was updated on 6
process. December 2024 and uploaded to the Bank’s.
1.3.10 The charter of the Board of Commissioners is
periodically reviewed. The Board of Commissioners’ Charter and Bank
1.3.11 The Board of Commissioners has a policy Nomination Policy No. M.04 has regulated that members
regarding the resignation of members of the of the Board of Commissioners who are involved in
Board of Commissioners if they are involved in financial crimes and/or other criminal acts must resign
financial crimes and are proven to have made from their positions.
a mistake.
1.3.12 Independent commissioners are highly All Independent Commissioners of the Bank have a
expected to be able to contribute to honest, credible track record and can contribute to the progress
objective, active, and constructive discussions of the Bank. This is indicated by the percentage
at meetings of the Board of Commissioners. of attendance at the meetings of the Board of
1.3.13 The President Commissioner acts as the Commissioners and Committees, which is on average
coordinator of the Board of Commissioners 100% and the performance assessment results for both
and ensures its effectiveness. The President the Board of Commissioners and Committees all of which
Commissioner promotes a culture of are outstanding.
transparency and constructive dialogue that
allows a variety of views to be expressed, The Bank’s President Commissioner has duties
including coordinating the setting of and responsibilities, including coordinating the
appropriate board meeting agendas and implementation of the duties and responsibilities of
ensuring sufficient time is available to the Board of Commissioners, as well as providing
discuss all agenda items. In addition, there recommendations for holding Meetings including the
should also be opportunities for the Board Meeting Agenda. In addition, joint meetings of the
of Commissioners to meet with the Board of Board of Commissioners and Board of Directors are held
Directors and senior management. regularly.
1.4 Establishment 1.4.1 The Corporation has committees under the Apply
of Committees Board of Commissioners, consisting of at
least: the Audit Committee, Nomination Committees at the level of the Board of Commissioners
and Remuneration Committee, and Risk consist of the Audit Committee, the Risk Oversight
Management Monitoring Committee. Committee, the Nomination and Remuneration
1.4.2 The Board of Commissioners ensures that Committee, and the Integrated Governance Committee.
all members of the Audit Committee are
independent and the majority of other All members of the Bank’s Audit Committee are
committees established by the Board of Independent Commissioners and Independent Parties,
Commissioners are independent parties, and and the Chairman of the Audit Committee is held by one
all members of the committee are competent, of the Independent Commissioners, namely Mr.Dody Budi
committed, and have sufficient authority Waluyo, who was not the President Commissioner.
to perform their roles in an effective and
independent manner. The composition of other committee members is also the
1.4.3 To ensure the monitoring on the majority of which are Independent Commissioners and
implementation of duties of the Audit Independent Parties. This is presented in more detail
Committee is carried out in an objective in the discussion of the Audit Committee and other
and independent manner, the President committees, each separately in this Annual Report.
Commissioner is not allowed to be the
chairman of the Audit Committee, except in
extraordinary circumstances, which must be
explained in the annual report..
1.5 Performance 1.5.1 The Board of Commissioners conducts Apply
Assessment an annual formal evaluation objectively
– Board of to determine the effectiveness of the The performance assessment of the Board of
Commissioners Board, its committees, and each individual Commissioners is carried out every year (at least once
and its Member Commissioner. a year). The performance assessment on the Board of
Commissioners (including the President Commissioner)
uses several criteria as stated in the Annual Report.
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1.6 Conflicts of 1.6.1 Members of the Board of Directors with Apply
Interest concurrent positions outside the corporation
must obtain approval from the Board of There were no members of the Bank’s Board of Directors
Commissioners. A Commissioner notifies with concurrent positions outside CIMB Niaga, except
the Board of Commissioners and the for assignments to carry out oversight functions in
chairman of the committee carrying out the subsidiaries. The assignment has been approved by the
nomination function, prior to accepting a new Board of Commissioners. Commissioners who receive
appointment as Director or Commissioner of appointments from other public companies, must convey
a public company, other Director positions this information to the Board of Commissioners and/or
or other positions with a significant time the Nomination and Remuneration Committee.
commitment.
1.6.2 The Board of Commissioners monitors and One of the duties and responsibilities of the Board of
manages potential conflicts of interest Commissioners is to oversee and manage potential
for management, members of the Board conflicts of interest of the Bank.
of Directors, Board of Commissioners
and shareholders, including misuse of In carrying out their duties and responsibilities, all
corporate assets and misuse in related party members of the Board of Commissioners are committed
transactions. Commissioners with conflicts to avoiding potential conflicts of interest or always
of interest do not participate in monitoring position themselves not to be in the potential for conflicts
and making decisions on potential conflicts of interest in any situation as stated in the Board of
of interest involving the Commissioners or Commissioners’ Charter.
affiliates of the Commissioners concerned.
In the event of a conflict of interest, members of the
Board of Commissioners are prohibited from taking
actions that may harm or reduce the Bank’s profits and
must disclose the potential conflict of interest referred
to in every decision.
1.7 Competency 1.7.1 The Board of Commissioners ensures that Apply
Improvement members of the Board of Directors and
of Members Board of Commissioners understand their The Board of Commissioners and Board of Directors
of the Board roles and responsibilities, characteristics have participated in training and education with the aim
of Directors and operations of the corporation, relevant of enhancing strategic capabilities, adding business
and Board of laws and regulations and other applicable knowledge, enhancing leadership, developing new
Commissioners standards and obligations. The Board of skills, as well as improving and maintaining the quality
Directors through the corporate secretary of banking services. Details of training and education
supports all members of the Board of attended by the Board of Commissioners and Board of
Directors and Board of Commissioners in Directors are presented in the Annual Report.
updating and refreshing the required skills
and knowledge to carry out their roles on the
Board.
Principle 2: 2.1 Composition 2.1.1 In determining prospective candidates for Apply
Composition of the Board Directors, the Board of Commissioners
and of Directors through the Nomination and Remuneration As stipulated in the Nomination Policy No.M.04,
Remuneration and Board of Committee does not only rely on which regulates the process of selecting, appointing,
of the Board Commissioner recommendations from the Board of dismissing and/or replacing members of the Board of
of Directors Commissioners, management or majority Commissioners, Board of Directors, and Independent
and Board of shareholders. The Board of Commissioners Parties, the Bank may use the services of independent
Commissioners through the Nomination and Remuneration and reputable third parties (search firms) in the selection
Committee can use independent sources to process for candidates of the Board of Commissioners.
determine qualified candidates. Third parties (search firms) appointed by the Bank will
2.1.2 The Board of Commissioners ensures that the assist the selection process.
criteria for selecting members of the Board
of Directors include at least the required The Nomination Policy also regulates the minimum
knowledge, abilities, and expertise to properly criteria that must be possessed by candidates of the
meet the role of the Board of Directors and Bank’s Board of Commissioners and Board of Directors
takes into account the fulfillment of the in terms of integrity, competence, reputation, domicile,
diversity of the Board of Directors. independence, or other special criteria according to the
2.1.3 The corporate policy regarding diversity respective field of each Director.
among the Board of Directors and Board of
Commissioners is disclosed in the Annual The policy on the diversity of the composition of the
Report. Board of Commissioners and Board of Directors has
2.1.4 The Board of Commissioners ensures that been regulated in the Diversity Policy No. M.07 and the
the policies and procedures for the selection achievements have been presented in this Annual Report.
and nomination of Commissioners are clear The composition of the Board of Commissioners has met
and transparent in order to produce the the needs of the Bank.
desired Board composition. The Board of
Commissioners uses independent sources to The Bank has regulated the diversity of the composition
determine qualified candidates. of members of the Board of Commissioners and Board
2.1.5 The Board of Commissioners/Committee that of Directors as stated in the Diversity Policy on the
performs the nomination function establishes Composition of Members of the Board of Commissioners
nomination procedures and criteria that are and Board of Directors No. M. 07.
consistent with the Board of Commissioners’
expertise matrix, which has been approved by
the Board of Commissioners and ensures that
the candidate profile meets the established
requirements in the expertise matrix and
nomination criteria.
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1.1.6 The composition of the Board of The Nomination and Remuneration Committee performs
Commissioners must be formed in such a the nomination function based on the procedures and
way that its members as a group reflect nomination criteria set out in the Nomination Policy No.
the diversity in terms of abilities, skills, M.04 and approved by the Board of Commissioners.
knowledge, experience, age, cultural
background, and gender needed to properly The Nomination and Remuneration Committee has also
fulfill the role of the Board of Commissioners. carried out its functions and responsibilities in ensuring
1.1.7 To enable the Board of Commissioners to provide that the nomination and remuneration process at the
independent advice and supervision to the Board Bank runs properly and transparently in the interests
of Directors and for roles with potentials for of the Bank. This is illustrated in the discussion in this
conflicts of interest, the Board of Commissioners Annual Report.
consists of a sufficient number of Independent
Commissioners, with a limited term of office and The implementation of duties of the Board of
there is disclosure of the term of membership Commissioners, including the composition, term of
of the Board of Commissioners and their office, independence, meeting attendance and training
independence from a corporate perspective. throughout the year are presented in detail in this Annual
1.1.8 To facilitate the effective function of the Board Report.
of Directors and Board of Commissioners and to
increase investor and stakeholder confidence,
the Nomination and Remuneration Committee
ensures that there is a formal, rigorous, and
transparent process for the selection and
appointment of members of the Board of
Directors and Board of Commissioners..
2.2 Remuneration 1.1.1 The remuneration policy for members of the Board Apply
of the Board of Directors consists of a remuneration structure
of Directors that is oriented towards sustainable corporate The Bank has established and implements the Risk-
and Board of development and encourages the achievement Based Remuneration Policy No. A. 06.02. The Bank’s
Commissioners of long-term goals. The Board of Directors’ Remuneration Policy is reviewed periodically which
remuneration must be proposed, through the has been updated on 15 December 2023. The Bank’s
Nomination and Remuneration Committee, by remuneration policy is prepared by prioritizing a
the Board of Commissioners to be resolved by competitive, fair, and balanced remuneration system,
the GMS. The amount of remuneration proposed based on the applicable laws and regulations.
to the GMS is determined by taking into account
the role of each member of the Board of Directors The Bank prepares the structure, policies and
and the economic situation as well as corporate remuneration amount for each member of the Board
performance. of Commissioners by taking into account the duties,
1.1.2 The remuneration policy for members of authorities, performance, and responsibilities of the
the Board of Commissioners consists of Board of Commissioners. The Bank also takes into
a remuneration structure that is oriented account the remuneration that applies in similar
towards sustainable corporate development industries (peer group) as well as the Bank’s capabilities.
and encourages the achievement of longterm
goals. The amount of remuneration proposed The Nomination and Remuneration Committee discusses
by the Board of Commissioners to the GMS is the remuneration for the Board of Commissioners
determined by taking into account the role of by taking into account information on the range and
each member of the Board of Commissioners standards of remuneration with similar industries (peer
and the economic situation as well as corporate groups) in the market and the capabilities of the Bank.
performance. In addition, consideration should The remuneration for the Board of Commissioners and
also be given to his/her position as President Board of Directors is determined by the GMS.
Commissioner and chairman as well as
membership in committees.
1.1.3 To ensure that the remuneration package
is determined based on the achievements,
qualifications, and competencies of the
Directors and Commissioners by taking
into account the performance of corporate
operations, individual performance, and market
conditions, the Nomination and Remuneration
Committee ensures that there are fair and
transparent procedures for establishing
remuneration policies for members of the Board
of Directors and Board of Commissioners..
Principle 3: 3.1 Nature of Work 3.1.1 There are open discussions between the Board Apply
Work Relationship of Directors and the Board of Commissioners
Relationship and between members of the Board of Directors Discussions between the Board of Directors and the
between and members of the Board of Commissioners. Board of Commissioners can be carried out through a
the Board However, it is still important to maintain the joint meeting of the Board of Commissioners and Board
of Directors confidentiality of information to ensure that of Directors. Through these meetings, the Board of
and Board of confidential information does not leak. Commissioners discusses various matters, including
Commissioners 3.1.2 In accordance with their respective duties and follow-up reports from the Minutes of Meeting of the Board
roles, the Board of Directors cooperates with of Commissioners; financial performance reports; and
the Board of Commissioners in formulating reports of committees under the Board of Commissioners.
the corporate missions, visions and strategies,
and regularly discusses the implementation. Every year, the Bank’s strategy and policies in the short
and medium term are prepared in the form of a Corporate
Plan and Bank Business Plan (RBB) in accordance with the
established Vision and Mission. Periodically, the Board of
Directors together with the Board of Commissioners
along with the Bank’s senior management evaluate the
Bank’s strategy and policies and the implementation at
all levels of the organization.
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3.1.3 The Corporate Secretary has a crucial role in The Bank appointed Fransiska Oei as Corporate
supporting the effectiveness of the working Secretary based on CIMB Niaga’s Board of Directors’
relationship between the Board of Directors and Circular Resolution No.001/SIR/DIR/IX/2016 dated
the Board of Commissioners, encouraging the 21 September 2016. The Bank’s Corporate Secretary
implementation of good corporate governance is responsible for maintaining the Bank’s image and
practices, including effective communication protecting the interests of the Bank by establishing good
with shareholders and other stakeholders. communication and relations with all parties, as well as
acting as a liaison between the Bank and Shareholders
and other Stakeholders.
3.2 Access to 3.2.1 The Board of Directors is responsible for Apply
Information for ensuring that the Board of Commissioners
the Board of has access to accurate, relevant, and timely The Board of Commissioners can interact with the Board
Commissioners information. The Board of Commissioners of Directors both directly and through the Joint Meeting
itself ensures that it obtains sufficient of the Board of Commissioners and Board of Directors,
information. The Board of Directors provides which are scheduled at the beginning of the year or also
information to the Board of Commissioners ad-hoc if there is material information/events that must
regularly, without delay, and comprehensively be submitted to the Board of Commissioners.
on all matters relevant to the corporation. The
Board of Commissioners may at any time The Corporate Secretary also assists the Board of
request additional information to the Board Directors in providing access to accurate, relevant,
of Directors. and timely information to the Board of Commissioners,
including invitations and materials for the Board of
Commissioners’ meetings which must be submitted to
the participants of the Board of Commissioners’ meeting
no later than 5 (five) working days prior to the meeting.
The Corporate Secretary also administers, distributes,
and follows up incoming letters received by the Bank
and addressed to the Board of Directors and/or Board of
Commissioner.
3.3 Responsibilities 3.3.1 The impact of the ownership structure on Apply
of the Board the corporation. The Board of Directors
of Directors and the Board of Commissioners consider The Bank’s Board of Directors and Board of Commissioners
and Board of their responsibilities in the context of the ensure that the shareholder structure and relations
Commissioners shareholding structure and relationships between shareholders do not affect the implementation
on Impacts of between corporate shareholders, which may of the roles and responsibilities of the Bank’s Board of
the Structure have an impact on corporate management Directors and Board of Commissioners. All decisions
and operations. and policies made by the Bank’s Board of Directors and
Board of Commissioners are taken independently and
transparently for the benefit of the Bank.
Principle 4: 4.1 Code of Conduct 4.1.1 This statement is set forth in the Code of Apply
Etchical and Conduct and Business Ethics, which must
Responsible clearly state the corporate expectation that The Bank has a Code of Ethics & Code of Conduct and
Conduct each member of the Board of Directors and Anti-Bribery and Corruption Policy No. M.11 which
Board of Commissioners and employees will: must be adhered to by the Board of Directors, Board of
a. Act in the best interests of the corporation; Commissioners and all employees. The implementation
b. Act honestly and with a high standard of and implementation of the Code of Ethics & Code of
integrity; Conduct and Anti-Bribery and Corruption Policy is the
c. Be independent and act based on complete responsibility of all management and employees at all
information, in good faith, with due levels of the organization as outlined in the Declaration of
diligence and prudence; Integrity Pact, Code of Ethics, and Commitment to Anti-
d. Comply with laws and regulations that Bribery and Corruption that are signed by the Board of
apply to the corporation and its operations; Directors and Board of Commissioners and attested by all
e. Avoiding actions that violate laws and employees every year.
regulations or unethical actions based on
corporate ethics guidelines; More detailed information is presented in this Annual
f. Not involved or participating in any Report.
activities that will create a conflict of
interest with the best interests of the
corporation or which will have a negative
impact on the reputation of the corporation;
g. Do not take advantage of property or
information owned by the corporation,
ownership of other assets or its customers
for personal gain or which causes harm to
the corporation and its customers.
h. Does not take advantage of the position or
opportunities generated by the position for
personal gain
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i. Avoiding the act of asking for or receiving
from third parties payments, gratuities,
or other benefits for themselves or for
other people that will lead to conflicts of
interest/provide benefits to third parties by
violating the laws and regulations;
j. Respect differences of opinion and the
rights of each member of the Board of
Directors, Board of Commissioners and
employees;
k. Ensuring full, fair, accurate, timely, and
understandable disclosure in reports and
documents submitted by the corporation
to regulators and in other public
communications;;
4.1.2 The Board of Directors establishes policies
and practices on anti-money laundering and
financing of terrorism, anti-bribery, anti-
corruption, anti-fraud, political involvement
with reference to the national or international
standards regarding anti-money laundering,
anti-bribery, anti-corruption, anti-fraud or
other related standards.
4.2 Corporate 4.2.1 The corporation articulates, fosters, and Apply
Values and discloses corporate culture and value
Culture CIMB Niaga implements values and a work culture
rooted in the EPICC (Enabling Talent, Passion, Integrity
& Accountability, Collaboration, and Customer Centricity)
values and builds a risk culture as the foundation
for employees’ daily behavior and decision-making.
Practicing and living up to the EPICC values should
create a positive impact on a condusive and productive
work environment.
The internalization process for corporate values and
culture in daily work life that has been carried out by the
Bank is presented in the discussion of Corporate Values
and Culture in this Annual Report.
4.3 Enforcement 4.3.1 The corporate code of conduct and code of Apply
and ethics are communicated effectively to the
Communication Board of Directors, Board of Commissioners Internalization of the Code of Ethics & Code of Conduct
of the Code of and all employees, integrated into corporate is regularly carried out through various available media
Ethics, Values, strategy and operations, including risk to raise awareness and understanding to implement
and Culture management system and remuneration behavior that is in line with the Bank’s Core Values. Every
structure, as well as being enforced. year, members of the Board of Commissioners and Board
of Directors sign the Integrity Pact, Code of Ethics, and
Anti-Bribery and Corruption Commitment, followed
by attestation of the pact by all Bank employees. More
detailed information is presented in this Annual Report.
Principle 5: 5.1 Internal Control 5.1.1 The Board of Directors periodically reviews Apply
Risk and Compliance the accuracy of designs and operational
Management, effectiveness of the governance system, risk The Board of Directors has implemented the Internal
Internal management, internal control, and corporate Control System in accordance with the overall principles
Control, and compliance and reports the implementation of control and evaluation carried out by the Bank, which
Compliance and results of the review to shareholders indicate that the quality of the Bank’s Internal Control
through the annual report of the Corporation. System is running properly. The Board of Directors
and Board of Commissioners state that the Bank has
an effective and adequate internal control system in
managing the risks faced by the Bank while remaining
within the tolerance limit (risk appetite) in supporting
the achievement of the Bank’s objectives, which has
been conveyed in the discussion of the Risk Oversight
Committee and the Internal Control System in this
Annual Repor.
5.2 Risk 5.2.1 Strategy and risk is a unity, disclosed Apply
Management in a transparent manner, included in
the implementation of the duties and The Board of Commissioners and Board of Directors
responsibilities of the Board of Directors and always manage and monitor the main risks of the Bank
the Board of Commissioners, as well as in properly. Balancing between risk, compliance culture and
discussions at the meetings of the Board of capital adequacy is also a strategic policy pillar of the
Commissioners and Board of Directors. Bank. The Board of Commissioners and Board of Directors
are assisted by the Risk Oversight Committee and Risk
Management Committee, which regularly monitor and
review the effectiveness of risk control and management
at each meeting, also assisted by the Internal Audit Unit.
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5.2.2 The Risk Management Oversight Committee The Board of Commissioners has established the
assists the implementation of the duties Risk Oversight Committee (ROC), which consists of
of the Board of Commissioners by creating Independent Commissioners and Independent Parties
a transparent, focused, and independent who are competent and have backgrounds in accordance
mechanism for oversight of corporate risk with the regulations and needs of the Bank. The ROC
management. helps ensure that the implementation of the Bank’s risk
management still meets the elements of adequacy of risk
management procedures and methodologies, enabling
the Bank’s business activities to remain under control at
acceptable limits while still profitable for the Bank.
More detailed information is presented in this Annual
Report.
5.3 Integration of 5.3.1 The Board of Directors establishes an Apply
Governance, integrated governance, risk management
Risk and compliance (GRC) system, by handling Through the Three Lines of Defense, the Board of Directors
Management, various uncertainties in an integrated manner ensures coordination and capacity building among the
and Compliance and with high integrity, to ensure that the main GRC systems, which include governance systems,
corporation can achieve its objectives. strategic management, performance management, risk
5.3.2 The Board of Directors ensures that the management, compliance management, and internal
division in charge of the compliance function audit systems to ensure that the corporation stays on the
does not concurrently carry out functions right track in achieving its goals.
that have the potential to cause a conflict of
interest. The Compliance Director also does not concurrently carry
out functions that have the potential to cause a conflict
of interest as described in the Bank’s Organizational
Structure in this Annual Repor.
Proper GRC implementation is reflected in the various
awards received by the Bank this year including Grand
Champion of 2022 Annual Report Award (ARA), Leadership
in Corporate Governance predicate consecutively at
the IICD CG Conference & Award 2023 & 2024 and the
Platinum Star Trophy at the TOP GRC Award 2023.
5.4 Internal Audit 5.4.1 The Board of Commissioners through the Apply
Audit Committee oversees and ensures
that the internal audit function assists the The Board of Commissioners has established the Audit
corporation in achieving its goals through an Committee, which ensures that the internal audit duties
objective and disciplined approach in order to are carried out objectively and independently. The
evaluate and improve the effectiveness of risk appointment and dismissal of the Chief Audit Executive
management, internal control, and corporate also takes into account recommendations from the Audit
governance. Committee, and internal audit has direct access to the
Audit Committee.
More detailed information is presented in this Annual Report.
Principle 6: 6.1 Policy and 6.1.1 The corporation has disclosure and Apply
Disclosure and Disclosure transparency policies and procedures that
Transparency ensure the disclosure of material information The Bank has Corporate Governance Policy No. M.12 and
and safeguard sensitive information as well Policy on Communication with Shareholders and Investors
as corporate secrets. No. M.02, which regulate the disclosure of material
6.1.2 Shareholders’ right to obtain regularly information and safeguarding sensitive and confidential
and timely relevant material information information, as well as the obligation to disclose/
regarding the corporation must be me. disclosure of information based on applicable regulations.
The Bank ensures that all shareholders have the same
rights in receiving material information correctly, timely,
periodically, and according to applicable regulations.
6.2 Financial and 6.2.1 The corporation discloses systems and Apply
Sustainability procedures to ensure that interim financial
Reports reports that are not materially audited or reviewed The Bank has systems and procedures to regulate
by external auditors are accurate, complete, and internal control over financial reporting, including interim
provide investors with the right information to financial reports, the role of the risk management/
make the right investment decisions compliance/supervision management function and the
6.2.2 The Audit Committee ensures the quality of internal audit function to ensure the integrity of interim
audits on financial report carried out by external financial reports, and the role of the Audit Committee in
auditors. This activity includes recommending reviewing financial reports to be published by the Bank.
the appointment, reappointment and, if
necessary, the termination and remuneration The Bank’s Audit Committee ensures the quality of
of the external auditor. financial statement audits carried out by external
6.2.3 The sustainability report shall be prepared auditors. This activity includes recommending the
and disclosed accurately and in accordance appointment, reappointment and, if necessary, the
with national or international sustainability termination and remuneration of the external auditor.
reporting frameworks.
6.2.4 The corporation issues an integrated annual The Bank’s Sustainability Report adopts international
report that places historical performance into standards, such as the GRI, SASB, SUSBA, and others.
context and describes the risks, opportunities, The report is also provided with assurance by an
and prospects of the corporation in the future, independent and competent external party.
which will subsequently assist shareholders
and stakeholders to understand the strategic The Bank’s Annual Report has put historical performance
goals of the corporation and its progress in in context and describes the risks, opportunities, and
creating sustainable valu. future prospects of the corporation.
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6.3 Dissemination 6.3.1 Channels for the dissemination of information Apply
of Information should provide users with equitable, timely,
and relatively inexpensive access to relevant The Bank regularly updates and provides easy access
information. to information regarding its activities and performance
6.3.2 The corporation ensures that an annual to stakeholders, allowing them to be informed about the
statement on the implementation of the condition of the Bank in a clear and transparent manner.
Indonesian General Guidelines for Corporate Various communication channels that are available
Governance, including an explanation on the include social media, website, email blasts, and public
implementation of each Recommendation exposure for customers and the public, press releases,
and Guideline is available on the website for as well as a special internal communication channel for
a minimum period of five years CIMB Niaga employees, including:
6.3.3 For corporations listed on the capital market • Analyst meetings, interactions and discussions with
in jurisdictions other than the jurisdiction shareholders, investors and analysts in the form
of origin, applicable laws and regulations of teleconferences and in-house meetings, Annual
on corporate governance must be clearly Reviews with national and international rating
disclosed. In the case of cross listing, the agencies, as well as Annual Public Expose.
criteria and procedures for cross listing, • Website and social media of the Bank (Facebook,
criteria and procedures for recognizing the Instagram, X, Youtube, LinkedIn and TikTok) and press
listing requirements for the primary listing releases.
must be transparent and documented
A statement on the implementation of PUGKI is available
on the Bank’s website.
Principle 7: 7.1 Rights of 7.1.1 The corporation has a communication policy Apply
Protection of Shareholders that facilitates and encourages shareholder
the Rights of or investor participation. The Bank has established a Policy on Communication
Shareholders 7.1.2 Corporations that are parent entities ensure with Shareholders and Investors No.M.02, which can be
that their corporate governance policies used as a reference for subsidiaries and can be accessed
apply to subsidiaries and entities under by the public through the Bank’s website. The rights,
common control in which their investment is authorization, and responsibilities of shareholders are
significant. also regulated in detail in CIMB Niaga’s Articles of
7.1.3 Corporations have rules and procedures Association, which can also be accessed on the Bank’s
that govern acquisitions, takeovers, and website.
extraordinary transactions, such as mergers
and sales of substantial corporate assets
to ensure the transactions occur in a
transparent manner and under reasonable
conditions as well as protecting the rights of
all shareholders according to class.
7.2 Fair Treatment 7.2.1 Corporations have rules and procedures that Apply
of Shareholders ensure a). all shareholders of the same series
in one class of shares must be treated equally, Pursuant to the Bank’s Articles of Association, the Bank’s
b). disclosure of said rules and procedures, shares consist of class A shares and class B shares. Class
as well as disclosure of capital structure A and class B shareholders have the same rights, namely
and arrangements that allow certain each share has the right to 1 (one) vote.
shareholders to gain influence or control that
is disproportionate to their share ownership. The Bank always ensures that related party transactions
7.2.2 The corporation has rules and procedures that are carried out, do not have conflicts of interest and
that ensure related party transactions are the interests of the Bank and shareholders are protected.
approved and carried out in such a way as to
ensure that conflicts of interest are properly One of the disclosures to prevent insider trading is
managed, and protect the interests of the contained in the Code of Ethics & Code of Conduct.
corporation and shareholders. The Bank also has established the CIMB Niaga Conflict
7.2.3 The corporation has established and Management Policy, which regulates the procedures for
discloses policies to prevent insider trading. trading the securities of the Bank and CIMB Group and to
The corporation has clear rules regarding reaffirm the prohibition on the use of Insider Information
any trading in corporate shares carried out (Insider Trading) in private securities transactions
by Directors, Commissioners, and insiders by employees and members of the Bank’s Board of
to ensure that no one can benefit directly or Commissioners and Board of Directors.
indirectly from information that is not/not yet
available on the market.
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7.3 General Meeting 7.3.1 The corporation implement the notice for GMS Apply
of Shareholders with the agenda and materials for the GMS as
completely and as early as possible (no later The Bank implements the Invitation for the GMS no later
than 28 days prior to the GMS) to provide than 28 (twenty-eight) days prior to the GMS, excluding
sufficient time and material for shareholders the date of the invitation and implementation for the
to properly study the meeting agenda. GMS, complete with the agenda and material for the
Meeting invitations and all GMS information GMS on the Bank’s website.
are disclosed through electronic means, such
as through the corporate website. The GMS decision-making/voting mechanism is
7.3.2 The corporation has established and presented in the GMS Rules, which are posted on the
disclosed rules and procedures that facilitate Bank’s website and read back by the Corporate Secretary
shareholders to participate and vote at the commencement of the GMS. Voting was carried out
effectively at the GMS. 7. for each GMS agenda (single decision) and independent
7.3.3 Shareholders participate effectively to parties PT Bima Registra and Notary Ashoya Ratam. SH,
determine the appointment of members were appointed to conduct the voting.
of the Board of Directors and Board of
Commissioners. Curriculum vitae of candidates for members of the
7.3.4 The corporation ensures the transparency Board of Directors and Board of Commissioners as well
and accountability of the external auditor at as external auditors have been submitted together with
the GMS. the Invitation to the GMS to the public via the Bank’s
7.3.5 Submission of voting results and a complete website, and voting is also carried out separately for each
summary of the minutes of the GMS will be candidate.
announced to the public on the following
working day. The voting results and the complete summary of the
minutes of the Bank’s GMS are announced to the public
on the same day after the completion of the GMS via the
Bank’s website.
More detailed information is presented in the GMS
discussion in this Annual Report.
Principle 8: 8.1 Stakeholders 8.1.1 The corporation through the Corporate Apply
Appreciation for Engagement Secretary carries out regular, transparent,
Stakeholders and effective communication with key The Bank discloses the process of identifying and
stakeholders as well as involves them to selecting key stakeholders to be involved, which has
understand their hopes and complaints as been disclosed in the Sustainability Report. The Bank
well as the impact of the corporation on them. also has established a Whistleblowing System as a
means of conveying suggestions, input and complaints in
a safe and independent manner.
8.2 Integration of 8.2.1 The Board of Commissioners together with Apply
Sustainability the Board of Directors are responsible,
in Business accountable and transparent for sustainability The Board of Directors ensures that corporate
Models governance, including in terms of establishing sustainability strategies, priorities, and targets, as well
corporate sustainability strategies, priorities as performance against these targets are communicated
and targets. The Board of Directors and Board to stakeholders as reported in this Annual Report.
of Commissioners incorporate sustainability
considerations when carrying out their roles,
including by developing and implementing
corporate strategies, business plans, main
action plans, and risk management.
8.3 Protection for 8.3.1 The Board of Directors ensures and discloses Apply
Stakeholders that corporate operations reflect the
application of high standards of ethics, social The Bank has various policies as guidelines in carrying
and environmental responsibility throughout out business operations that are ethical, socially
the corporation and ensures that appropriate and environmentally responsible, and respecting
policies and procedures are implemented and complying with the rights of stakeholders. This
to respect and comply with the rights of is presented in full in the Bank’s Annual Report and
stakeholders. Sustainability Report.
8.3.2 The Board of Directors encourages employees
to work for the long-term interests of the The Bank also has a policy on providing long-term
corporation and prioritizes sustainability. incentives, namely share-based compensation to
employees, which encourages sustainable value creation
as presented in the Remuneration Policy discussion in
this Annual Report.
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Implementation of Corporate Governance Aspects
and Principles for Public Companies Pursuant to
Financial Services Authority Provisions
In line with what is stated in OJK Regulation No. 21/POJK.04/2015 on the Implementation of Public Company Corporate
Governance Guidelines and OJK Circular Letter No. 32/SEOJK.04/2015 on Public Company Corporate Governance
Guidelines, there are 5 (five) aspects, 8 (eight) principles, and 25 (twenty-five) governance recommendations issued by
OJK. CIMB Niaga has implemented these aspects, principles, and recommendations based on the following “comply or
explain” approach:
Aspect Principle Recommendation Description
Public Principle 1: 1.1 Public Company have Comply
Company Increasing the a technical voting
Relations with Value of Holding procedures, both open As an effort to increase shareholder independence, freedom, and
Shareholders a General and closed, that prioritize confidentiality in the voting process, CIMB Niaga has a policy of
in Ensuring the Meeting of independency and the conducting closed and electronic voting (e-voting) at the GMS for each
Shareholder Shareholders interests of shareholders. GMS agenda. This policy is set out in the Rules of the GMS.
Rights (GMS)
The closed and electronic voting mechanisms at the Annual GMS and
Extraordinary GMS have been carried out since 2018 via touch screens
devices provided by CIMB Niaga, smart phones, or other mobile
devices (tablets, iPads, etc.) belonging to the shareholder or their
proxy. CIMB Niaga is thus the first Public Company in Indonesia to hold
e-voting. Shareholders and/or their proxies who attend electronically
can carry out the e-voting process on the eASY.KSEI application.
Whereas, shareholders who provide power of attorney with the e-Proxy
mechanism are deemed to have exercised their voting rights through
the eASY.KSEI application and are not permitted to carry out the
e-Voting process at the GMS venue.
The counting of voting results is carried out by the independent parties,
namely PT Bima Registra, the Securities Administration Bureau, and
Notary Ashoya Ratam SH., MKn.. This ensures the independence and
interests of shareholders in the voting process. The Rules of GMS and
video of e-Voting mechanism at the GMS venue have been uploaded on
the Bank’s website 28 (twenty-eight) days prior to the date of the GMS,
distributed to the shareholders when entering the GMS room, and read
aloud by the Corporate Secretary before the GMS started.
1.2 All members of the Comply
Board of Directors and
members of the Board All members of the Board of Directors and Board of Commissioners of
of Commissioners of CIMB Niaga attended (both physically and via video conference) the
the Public Company are AGMS held on 3 April 2024. Members of the Board of Directors and
present at the Annual Board of Commissioners who were present could represent the Bank
GMS. in explaining each AGMS agenda to shareholders, ensuring that it was
properly implemented.
1.3 Summary of the GMS Comply
minutes is available on the
Public Company website CIMB Niaga uploads the summary of the GMS minutes on the same
for at least 1 (one) year. day after the GMS is held to the CIMB Niaga’s website. A summary of
the GMS minutes from 2013 up to the present is available on the Bank’s
website, both in Bahasa and English.
Public Principle 2: 2.1 Public Company have a Comply
Company Improving communication policy
Relations with the Quality of with shareholders or CIMB Niaga has a Policy on Communication with Shareholders or
Shareholders in Public Company investors. Investors No. M.02 which has been uploaded to CIMB Niaga’s website.
Guaranteeing communication
Shareholder with The Bank’s communication activities include the implementation of
Rights Shareholders or GMS, Public Expose, Analyst Meetings, teleconferences/meetings/
Investors webinars with investors and analysts, Annual Rating Review,
publication of Monthly, Quarterly, and Annual Financial Statements, and
accurate and timely information disclosure. CIMB Niaga also provides
information on head office and branch addresses, e-mail addresses,
and phone numbers on the website and in the Annual Report, as well
as social media access (Facebook, X, Instagram, LinkedIn, TikTok), and
Call Center so that shareholders and investors can easily communicate
with the Bank.
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2.2 The Public Listed Comply
Company discloses its
communication policy CIMB Niaga’s Communication with Shareholders or Investors Policy No.
with shareholders or M.02 has been uploaded to the CIMB Niaga’s website.
investors on the Website.
Functions Principle 3: 3.1 Determination of the Comply
and Roles of Strengthen the number of members
the Board of Membership and of the Board of CIMB Niaga has a Nomination Policy for Members of the Board of
Commissioners Composition Commissioners considers Commissioners, Board of Directors, and Independent Parties as
of the Board of the conditions of the members of the Committee at the level of the Board of Commissioners
Commissioners Public Company. No. M.04, which serves as a guideline for the Nomination and
Remuneration Committee in the process of nominating members of the
CIMB Niaga’s Board of Commissioners while considering the Bank’s
needs, conditions, and capabilities. At the time this Annual Report was
published, the Bank’s Board of Commissioners was comprising of 7
(seven) people, with 4 (four) Independent Commissioners (57%) and 2
(two) of them are female Independent Commissioners. The number of
members on the Bank’s Board of Commissioners does not exceed that
of the Board of Directors.
3.2 Determination of Comply
the composition of
members of the Board The CIMB Niaga’s Board of Commissioners has a diverse background
of Commissioners in terms of expertise, knowledge, experience, and nationality, aim to
considers the diversity support the Bank’s business development. This is shown in the profiles
of skills, knowledge and of each Board of Commissioners
experience required.
Principle 4: 4.1 The Board of Comply
Functions Commissioners has a
and Roles of self-assessment policy to The policy to assess the performance of the Board of Commissioners
the Board of assess their performance. and Committees at the Board of Commissioners level is outlined in the
Directors in Appendix to the Nomination and Remuneration Committee Charter,
Enhancing which is available on the CIMB Niaga’s website, and is included in the
the Quality of Corporate Governance Report Chapter of this Annual Report, along
Implementation with the assessment results.
of the Duties and
Responsibilities
of the Board of
Commissioners
4.2 The self-assessment Comply
policy for assessing
the performance of the The Board of Commissioners’ performance assessment policy is set
Board of Commissioners out in the Appendix to the Nomination and Remuneration Committee
is disclosed in the Public Charter, and disclosed in the Corporate Governance Report Chapter of
Company’s Annual Report. this Annual Report, along with the assessment results.
4.3 The Board of Comply
Commissioners has
a policy regarding CIMB Niaga’s Board of Commissioners Charter regulates that members
the resignation of of the Board of Commissioners who are involved in financial crimes
members of the Board and/or other criminal acts are required to resign from their positions.
of Commissioners if they
are involved in financial
crimes.
4.4 The Board of Comply
Commissioners or the
Committee that carries The succession policy has been regulated in the Nomination and
out the Nomination and Remuneration Committee Charter and the Nomination Policy for
Remuneration function Members of the Board of Commissioners, Board of Directors, and
prepares a succession Independent Parties as members of the Committees at the Board of
policy in the Nomination Commissioners level No. M.04, as well as disclosed in the discussion
process for members of of the Nomination and Remuneration Committee in this Annual Report.
the Board of Directors.
Functions Principle 5: 5.1 Determination of the Comply
and Roles of Strengthening number of members of
the Board of the Membership the Board of Directors CIMB Niaga has a Nomination Policy for Members of the Board
Directors and Composition considers the condition of of Commissioners, Board of Directors and Independent Parties as
of the Board of the Public Company and members of the Committees at the Board of Commissioners level
Directors effectiveness in decision No. M.04 as a guideline for the Nomination and Remuneration
making. Committee in the process of nominating members of the CIMB Niaga
Board of Directors by considering the Bank’s financial condition and
capabilities, as well as the organizational needs and complexity of the
Bank as the second largest private bank in Indonesia. At the time this
Annual Report was published, the Bank’s Board of Directors consisted
of 10 (ten) members. The number of members on the Bank’s Board of
Directors exceeds that of the Board of Commissioners.
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5.2 Determination of the Comply
composition of members
of the Board of Directors CIMB Niaga’s Board of Directors have diverse backgrounds in terms
considers the diversity, of expertise, knowledge and experience. This shown in the profile of
skills, knowledge and each Director. The diversity and number of the Board of Directors is
experience required. needed in order to provide the best alternative problem resolution for
the Bank, in accordance with the needs, size and complexity of the
Bank’s business.
5.3 Members of the Board Comply
of Directors who are in
charge of accounting or Mr Lee Kai Kwong is CIMB Niaga’s Director of Strategy, Finance, and
finance have expertise SPAPM, overseeing accounting and finance. He has a Bachelor of
and/or knowledge in the Science (Fin) from the University of Pennsylvania in the United States
field of accounting. and has previously worked as Senior Managing Director - Regional
Head Consumer Business Planning & Analysis at CIMB Bank Malaysia,
as well as in various positions in the Finance sector. Mr Lee Kai Kwong
meets the requirements for expertise and/or knowledge in accounting
and/or finance.
Principle 6: 6.1 The Board of Directors Comply
Improving has a self-assessment
the Quality of policy to assess their The Board of Directors’ performance assessment policy is governed by
Implementation performance. the Appendix to the Nomination and Remuneration Committee Charter,
of the Board which is available on the CIMB Niaga’s website.
of Directors’
Duties and
Responsibilities
6.2 The self-assessment Comply
policy for assessing the
performance of the Board The Board of Directors’ performance assessment policy is set out in the
of Directors is disclosed Appendix to the Nomination and Remuneration Committee Charter and
in the Public Company’s disclosed in the Corporate Governance Report Chapter of this Annual
annual report. Report, along with the result.
6.3 The Board of Directors Comply
has a policy regarding the
resignation of members CIMB Niaga’s Board of Directors Charter regulates that members of
of the Board of Directors the Board of Directors who are involved in financial crimes and/or other
if they are involved in criminal acts are required to resign from their positions.
financial crimes.
Stakeholder Principle 7: 7.1 Public Company have a Comply
Participation Improving policy to prevent insider
Corporate trading. To prevent insider trading, CIMB Niaga has a Conflict Management
Governance Policy that has been posted on the CIMB Niaga’s website. This policy
Aspects through seeks to establish rules, identify, reduce, and manage potential
Stakeholder conflicts of interest that may arise within the Bank as a result of
Participation activities carried out by the Bank’s business units that enable them
to obtain information about the Bank, Bank customers, and the CIMB
Group.
7.2 Public Company have Comply
anti-corruption and
anti-fraud policies. CIMB Niaga’s Anti-Bribery & Corruption Policy No. M.11, Anti-Bribery
Management System Policy No. M.14, and Anti-Fraud Policy No. E.07
have all been uploaded to the CIMB Niaga’s website.
The Anti-Bribery & Corruption Policy and the Anti-Bribery Management
System Policy were developed with the goal of providing information
and guidance to parties working for and on behalf of the Bank on
procedures for detecting, avoiding, communicating, and dealing with
bribery and corruption issues.
The Anti-fraud Policy governs the framework, governance, and
implementation of anti-fraud strategies, which are delivered through
four pillars: prevention, detection, investigation, and monitoring.
Further information about the Anti-Bribery and Corruption Policy and
the Anti-fraud Policy is disclosed in this Annual Report.
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7.3 Public Company have Comply
a policy regarding
the selection and CIMB Niaga has a Goods and Services Procurement Policy No.
improvement of supplier E.04.A.06, a Goods and Services Procurement Procedure No.
or vendor capabilities. E.04.A.06.P.01, and a CIMB Niaga’s Vendor Code of Conduct, all of
which have been uploaded to the CIMB Niaga’s website and are further
disclosed in this Annual Report.
The Code of Ethics and Code of Conduct, as well as the Anti-Bribery
and Corruption Policy, also governs relationships with business
partners (customers, suppliers, vendor partners, and consultants who
work with the Bank), and include anti-competition policies, objective
evaluation, prohibition of gratification, and provisions for consultation
and lobbying with business/enterprise partners.
7.4 Public Company have a Comply
policy to fulfill creditor
rights. CIMB Niaga has a Creditor Rights Fulfillment Policy No. M.05, which is
available on the CIMB Niaga’s website and is further disclosed in this
Annual Report. This policy stipulates that CIMB Niaga implements and
respects creditors’ rights by treating all creditors equally, fulfilling
their rights and obligations on time, and keeping no Bank information
hidden (disclose).
7.5 Public Company have a Comply
whistleblowing system
policy. CIMB Niaga has Whistleblowing Policy No. E.08 which has been
uploaded on the CIMB Niaga’s website and is further disclosed in this
Annual Report.
7.6 Public Company have Comply
a policy of providing
long-term incentives to CIMB Niaga’s Risk Based Remuneration Policy No. A.06.02 includes
Board of Directors and a policy for providing long-term incentives to Board of Directors and
employees. employees who meet the Material Risk Taker (MRT) criteria.
An explanation of the Risk-Based Remuneration Policy is further
disclosed in this Annual Report.
Disclosure Principle 8: 8.1 Public Company make Comply
Improving the wider use of information
Implementation technology apart from Aside from the website, CIMB Niaga uses other information technology
of Information Websites as a medium for such as telephone banking, e-mail, radio, print media, social media
Disclosure information disclosure. (such as Facebook, X, Instagram, Youtube, LinkedIn, Tiktok), screens/
TVs at branch offices, ATMs, OCTO Clicks, and OCTO Mobile as media
channels for information dissemination.
Further explanation regarding Access to Company Information and
Data is disclosed in this Annual Report.
8.2 The Public Company’s Comply
Annual Report discloses
the ultimate beneficial CIMB Niaga does not have shareholders with share ownership of at
owner in Public Company least 5% other than the controlling shareholder (CIMB Group) as
share ownership of at disclosed in the Company Profile chapter in this Annual Report.
least 5% (five percent),
in addition to disclosure
of the ultimate beneficial
owner in Public Company
share ownership through
the major and controlling
shareholders
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Integrated Governance Implementation Report
Governance is the main driver that accelerates innovation, Holding Companies, which replaces OJK Regulation No.
sustainability, and balanced growth. CIMB Niaga 45/POJK.03/2020, dated 16 October 2020, on Financial
implements Integrated Governance as part of the Bank’s Conglomerates. These provisions govern the formation
commitment to implementing in-depth and targeted of a Financial Conglomerate, the appointment of the
Governance. Furthermore, CIMB Niaga’s Integrated Main Entity (ME) within the financial conglomerate,
Governance in the Financial Conglomerate’s business the comprehensive and effective implementation of IG,
activities can improve performance, compliance with and the Main Entity’s obligation to prepare a Corporate
laws and regulations, and ethical values that apply in the Charter.
financial services industry.
FINANCIAL CONGLOMERATE STRUCTURE
Implementation of Integrated Governance can also The membership composition of the CIMB Indonesia
promote sustainable stability in the Bank’s financial Financial Conglomerate has been reported to OJK through
system, increasing competitiveness in the financial CIMB Niaga Letter No. 050/FO/KP/19 dated 24 April 2019,
services industry. CIMB Niaga’s implementation of as follows:
Integrated Governance is based on OJK Regulation No. Main Entity : PT Bank CIMB Niaga Tbk (CIMB Niaga)
18/POJK.03/2014 dated 19 November 2014, and OJK Members : PT CIMB Niaga Auto Finance (CNAF)
Circular Letter No. 15/SEOJK.03/2015 dated 25 May 2015, PT CIMB Niaga Sekuritas (CNS)
regarding the Implementation of Integrated Governance
(IG) for Financial Conglomerates, and in the process SHAREHOLDING STRUCTURE
of implementing OJK Regulation No. 30 of 2024 on The current shareholding structure of the CIMB Indonesia
Financial Conglomerates and Financial Conglomerate Financial Conglomerate is illustrated as follows:
Financial Conglomerate
Main Entity Public
Subsidiaries CIMB Group Sdn Bhd
92.46%*
7.54%
PT Bank CIMB Niaga Tbk
83.28% 97.32%
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
*
Including PT Commerce Kapital 1.02%.
MANAGEMENT STRUCTURE
Pursuant to OJK Regulation No. 18/POJK.03/2014 on Implementation of Integrated Governance for Financial
Conglomerates, the following is the management structure of CIMB Indonesia Financial Conglomerate:
Entity IG Committee* Compliance Function Internal Audit Function Risk Management Function
PT Bank CIMB Niaga Tbk (CIMB Niaga) √ √ √ √
CIMB Niaga Auto Finance (CNAF) √ √ √ √
CIMB Niaga Sekuritas (CNS) √ √ √ √
*
The IG Committee is in the Main Entity. However, the Committee consists of representatives of Independent Commissioners from each member of the Financial Service
Institution (FSI) of the Financial Conglomerate.
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MAIN ENTITY: CIMB NIAGA DUTIES AND RESPONSIBILITIES OF THE BOARD
OF DIRECTORS OF THE MAIN ENTITY
BOARD OF COMMISSIONERS, 1. Ensuring the implementation of IG in the CIMB
SHARIA SUPERVISORY BOARD, AND BOARD OF Indonesia Financial Conglomerate, including
DIRECTORS OF THE MAIN ENTITY conveying the IG Policy to the FSI Board of Directors
The compositions of the Board of Commissioners, Sharia in the CIMB Indonesia Financial Conglomerate;
Supervisory Board, and Board of Directors of CIMB Niaga 2. Preparing the IG Charter for approval by the Board of
as the Main Entity are presented in the Company Profile Commissioners of the ME;
Chapter of this Annual Report. 3. Preparing the Implementation Guidelines needed to
support IG Charter implementation, including but not
DUTIES AND RESPONSIBILITIES OF THE BOARD limited to:
OF COMMISSIONERS OF THE MAIN ENTITY a. Integrated Risk Management Guidelines;
Overseeing the implementation of Integrated Governance by: b. Integrated Compliance Guidelines; and
1. Approving the IG Charter prepared by the Board of c. Integrated Internal Audit Guidelines
Directors of the ME; 4. Directing, monitoring, and evaluating the
2. Overseeing governance implementation of each implementation of the IG Charter;
member of the CIMB Indonesia Financial Conglomerate 5. Following up on the directive and advice of the Board
to be in accordance with the IG Charter; of Commissioners of the ME to improve the IG Charter
3. Overseeing the implementation of the duties and and its implementation;
responsibilities of the Board of Directors of the ME and 6. Ensuring that audit findings and recommendations
providing guidance or advice to the Board of Directors of from the Integrated Internal Audit, external audit, and
the ME on the implementation of the IG Charter; supervision results from OJK and other authorities
4. Evaluating the IG Charter and implementation guidelines; have been followed up by FSI within the CIMB
5. Providing guidance for the improvement of the IG Indonesia Financial Conglomerate;
Charter and implementation guidelines; 7. Reporting the IG self-assessment (semesterly) and
6. Submitting the IG Committee recommendations to the IG Annual Report;
the Board of Directors of the ME regarding the IG 8. Appointing an organizational unit within the ME to be
implementation by members of the CIMB Indonesia in charge of coordinating the IG implementation in the
Financial Conglomerate; CIMB Indonesia Financial Conglomerate.
7. Establishing the IG Committee to support the
effectiveness of its duty implementation, which will be MEMBER: CNAF
regulated in a separate section; The compositions of the Board of Commissioners and
8. Convening regular meetings at least once per semester. Board of Directors of CNAF are presented in the Company
Profile Chapter of this Annual Report.
DUTIES AND RESPONSIBILITIES OF THE SHARIA
SUPERVISORY BOARD OF THE MAIN ENTITY MEMBER: CNS
1. Ensuring that IG implementation does not conflict The compositions of the Board of Commissioners and
with Sharia principles; Board of Directors of CNS are presented in the Company
2. Overseeing FSI activities as in compliance with Sharia Profile Chapter of this Annual Report.
principles.
Duties and Responsibilities of Members of CIMB Indonesia Financial Conglomerate
The Board of Commissioners The Board of Directors
1. Provide recommendations and approval regarding the The Board of Directors must ensure the implementation of IG by
Governance Policy prepared by the Board of Directors and ensure members of the CIMB Indonesia Financial Conglomerate, with the
the Governance Policy is in accordance with the IG Charter; following responsibilities:
2. Supervise the IG implementation with the following duties and 1. Prepare a Governance Policy that is aligned with the IG Charter;
responsibilities: 2. Prepare the necessary policies and procedures for the
a. Supervise Governance implementation to be in accordance implementation of IG, aligned with the procedures established by
with the IG Charter and Governance Policy; the Main Entity;
b. Follow up on the IG Committee recommendations related to IG 3. Provide sufficient resources;
implementation and improvements to the Governance Policy; 4. Guide, monitor, and evaluate the Governance Policy
c. Supervise the implementation of the duties and implementation, including governance reporting;
responsibilities of the Board of Directors, as well as provide 5. Follow up on the guidance and advice from the Board of
guidance or recommendations to the Boards of Directors Commissioners in order to improve governance policies, as well as
regarding the implementation of the Governance Policy; IG and governance implementation based on the recommendations
d. Evaluate and approve the Governance Policy for improvement; of the IG Committee; and
e. Establish a Governance Committee by considering the 6. Reporting the assessments and implementation of governance to
characteristics and scale of the business; the ME in accordance with prevailing procedures.
f. The Board of Commissioners discusses the recommendations
from the IG Committee in the Joint Meetings of the Board of
Commissioners and Board of Directors in order to provide
guidance and advice.
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CORPORATE CHARTER INTEGRATED INTERNAL AUDIT UNIT (IIA)
CIMB Niaga has prepared and established the CIMB The IIA establishment within CIMB Indonesia Financial
Indonesia Financial Conglomerate Corporation Charter Conglomerate aims to carry out proper GCG implementation.
as regulated in OJK Regulation No. 45/POJK.03/2020 IIA of the CIMB Indonesia Financial Conglomerate has
on Financial Conglomerates, which was approved by prepared an Integrated Internal Audit Policy and Integration
the Board of Directors of CIMB Niaga and the Board Governance Guidelines, which will serve as the foundation
of Directors of FSI as members of the CIMB Indonesia for IIA of Main Entity (ME) and IIA of Financial Services
Financial Conglomerate on 25 November 2020. The Institution (FSI), members of the CIMB Indonesia Financial
Corporate Charter was submitted to OJK on 27 November Conglomerate, to perform integrated monitoring and
2020 and is in the updating process. supervision, potentially improving the quality of Integrated
Internal Audit performance.
INTEGRATED GOVERNANCE (IG) COMMITTEE
The establishment of the Integrated Governance TASKS AND RESPONSIBILITIES OF IIA
Committee is a form of CIMB Niaga’s commitment 1. Monitor and evaluate the performance of integrated
to implementing good corporate governance in a audits in each member of the CIMB Indonesia
professional and sustainable manner. The IG Committee Financial Conglomerate;
assists in the effectiveness of implementing the duties 2. Coordinate with all IA members of the CIMB Indonesia
of the Board of Commissioners of the ME in carrying Financial Conglomerate in accordance with their
out its oversight function on the implementation of IG functions;
in the CIMB Indonesia Financial Conglomerate. Further 3. Compile the results of the Integrated Internal Audit
discussion regarding the IG Committee is presented in for each member of the CIMB Indonesia Financial
the IG Committee Discussion as part of the Corporate Conglomerate;
Governance Report Chapter in this Annual Report. 4. Prepare and submit performance reports on the tasks
and responsibilities of integrated internal audit to
the Director appointed to carry out the supervisory
function on FSIs in the Financial Conglomerate and
Compliance Director of ME as well as the Board of
Commissioners of the ME.
Reporting Flow of IIA in CIMB Indonesia Financial Conglomerate
Board of Commissioners
of the Main entity
Integrated Governance
Committee
Director appointed
to carry out the
supervisory function
on FSIs in the Financial
Conglomerate
Integrated
Internal
Audit Report
Compliance Director of
the Main Entity
Internal Audit Unit
of Main Entity
Integrated
Internal
PT Bank CIMB Niaga
Audit Report
Coordination
Internal Audit Unit of Internal Audit Unit of
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
Integrated Internal Audit Unit
In performing its duties, IIA of CIMB Indonesia Financial Conglomerate may conduct audits of the members of the CIMB
Indonesia Financial Conglomerate, individually, joint audit, or based on reports from other IA members of the CIMB
Indonesia Financial Conglomerate.
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IIA ensures that audit findings and recommendations 2. Conduct regular meetings with the Head of IA of
from IIA, the external auditor, the OJK monitoring result, FSIs, who are members of CIMB Indonesia Financial
and/or the monitoring result of other authorities have Conglomerate.
been followed up by members of the CIMB Indonesia 3. Conduct periodic monitoring of audit plans, audit
Financial Conglomerate. results, and follow-up of audit recommendations
from IA of FSIs that are members of CIMB Indonesia
INTEGRATED AUDIT IMPLEMENTATION IN 2024 Financial Conglomerate.
IIA has carried out monitoring activities on the
implementation of integrated audits. IIA has also INTEGRATED COMPLIANCE UNIT (ICU)
periodically reported the implementation of the 2024 Based on OJK Regulation No. 18/POJK.03/2014 on
integrated internal audit to the Director appointed to Implementation of Integrated Governance (IG) for
carry out the supervisory function on FSIs in the Financial Financial Conglomerates, the Compliance Unit (CU) of
Conglomerate and Compliance Director of the ME as CIMB Niaga also serves as the Integrated Compliance Unit
well as the Board of Commissioners of the ME. IIA has (ICU) that oversees the implementation of the compliance
conducted various efforts to ensure the implementation function in the CIMB Indonesia Financial Conglomerate
of integrated internal audits are carried out as expected (CIFC) through regular and intensive coordination with
by the OJK, with several initiatives, including: the CU of subsidiaries. The CU of CIMB Niaga is an
1. Aligning internal audit policies and procedures with independent work unit, distinct from operational work
the IA of CIMB Niaga. units in the ME.
Organization Structure of ICU in CIMB Indonesia Financial Conglomerate
Board of
Commissioners of the
Main Entity Recommendation
Board of
Directors of President
the Main entity Director
Recommendation
Other Directors Integrated Compliance Integrated Governance
Director Committee
Integrated
Compliance Report
Integrated
Compliance Unit
Coordination
Compliance Unit Compliance Unit
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
DUTIES AND RESPONSIBILITIES OF THE ICU
1. Monitor and evaluate Integrated Compliance implementation across CIMB Indonesia Financial Conglomerate
members;
2. Coordinate with each CU member of the CIMB Indonesia Financial Conglomerate based on their function;
3. Compile Integrated Compliance implementation results from all members of CIMB Indonesia Financial Conglomerate;
4. Prepare and submit reports on the implementation of Integrated Compliance duties and responsibilities to the
Compliance Director of the ME;
5. Prepare policies that serve as a guideline in implementing integrated compliance functions and submit them to other
FSIs that are members of the Financial Conglomerate.
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IMPLEMENTATION OF INTEGRATED COMPLIANCE 4. Aligning compliance framework between ICU and
ACTIVITIES IN 2024 each CU in the CIMB Indonesia Financial Conglomerate
1. Each CU member in the CIMB Indonesia Financial members;
Conglomerate prepares and submits regular 5. Updating internal policies and developing several
Compliance Reports to the ICU; procedures that will serve as references in the
2. ICU prepares and submits: implementation of the integrated compliance
a. Quarterly Integrated Compliance Report to the function;
ME Board of Directors in charge of the compliance 6. Hold regular coordination meetings with each CU in
function; the CIMB Indonesia Financial Conglomerate members
b. Half-yearly self-assessment report on IG and monitor corrective actions for compliance issues
implementation in CIMB Indonesia Financial faced by each member of CIMB Indonesia Financial
Conglomerate to the IG Committee and OJK; Conglomerate, including following up on the
c. Annual report on IG implementation to OJK and Regulator’s audit findings;
publication through the Annual Report/Bank’s 7. The ME and members of CIMB Indonesia Financial
website. Conglomerate conduct independent assessments
3. The ME Compliance Director submits bi-annual on Compliance Risk Management Implementation
Integrated Compliance Reports to the Board of Directors in accordance with internal regulations and
of ME and the Board of Commissioners of the ME; methodologies.
Compliance Self-Assessment
Description
Risk Profile Rating
Bank CIMB Niaga 2/Low Moderate Taking into account the business activities carried out by the Bank, the possibility of losses faced
from Compliance Risk has been classified as low. The quality of Compliance Risk management
implementation is adequate. In the event of a minor weakness, the weakness can be resolved
through normal business activities
CIMB Niaga Auto 2/Low Moderate Taking into account the business activities carried out by CNAF, the possibility of losses faced
Finance (CNAF) from to Compliance Risk has been classified as low. The quality of Compliance Risk management
implementation is adequate. In the event of a minor weakness, the weakness can be resolved
through normal business activities.
CIMB Niaga 3/Moderate Taking into account that the business and organizational activities of CNS have just started this
Sekuritas (CNS) year, the possible losses faced from Compliance Risk have been classified as moderate for a certain
period of time in the future. The quality of Risk Management implementation is fair. The minimum
requirements have been met, and there are several weaknesses that require the management’s
attention.
CONSOLIDATED/ 2/Low Moderate Taking into account the business activities carried out by the Financial Conglomerate, the possibility
INTEGRATED of loss faced from Compliance Risk is relatively low for a certain period of time in the future. The
quality of Compliance Risk implementation management as a composite is adequate. In the event of
minor weaknesses, these weaknesses require to get management’s attention.
INTEGRATED RISK MANAGEMENT
In Integrated Risk Management Implementation for Financial Conglomerate in accordance wth OJK Regulation No. 17/
POJK.03/2014, the Controlling Shareholders appoints CIMB Niaga as the Main Entity (ME) as the coordinator to manage
the risk management process of CIMB Indonesia Financial Conglomerate (CIFC), whose members are PT Bank CIMB
Niaga, Tbk and its 2 (two) subsidiaries, namely PT CIMB Niaga Auto Finance (CNAF) dan PT CIMB Niaga Sekuritas (CNS).
The ME is required to establish the Integrated Risk Management Committee (IRMC) and an Integrated Risk Management
Unit (IRMU) towards a comprehensive and effective integrated risk management implementation while still taking into
account the unique characteristics and complexities of each CIFC member’s business. The IRMC is led by the Risk
Management Director of the ME and several related senior management of the ME as members, as well as the Director
in charge of the risk management function of each Financial Services Institution (FSI), who is a member of the CIFC. The
monitoring and evaluation processes on the risk exposure of CIMB Indonesia Financial Conglomerate are conducted
through the IRMC and reported to the Risk Management Committee at the ME
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IRMC MEMBERSHIP COMPOSITION IN 2024
Name Position Position in IRMC
Henky Sulistyo Risk Management Director of CIMB Niaga Chairman
Julius W. Tjhioe Head of Operational Risk of CIMB Niaga Vice Chairman I
Jemy Kristian Soegiarto Head of Risk Analytics and Infrastructure of CIMB Niaga Vice Chairman II
Antonius Herdaru Danurdoro Risk Management Director of CNAF Member
Diva Mahdi Head of Market Risk and Model Validation of CIMB Niaga Member
Koei Hwei Lien Head of Retail Credit Risk of CIMB Niaga Member
Sandi Maruto Head of ALM Risk of CIMB Niaga Member
Harry Supoyo President Director of CNS Member
DUTIES AND RESPONSIBILITIES OF THE IRMC INTEGRATED RISK MANAGEMENT UNIT
1. Provides recommendations to the ME Board of The IRMU performs a coordinating function over the risk
Directors with regard to establish of Risk Management management work units of each FSI incorporated in CIFC.
policy, which also includes policies and procedures for The authority and responsibilities of the IRMU include:
Integrated Risk Management, as well as improvement 1. Provide feedback to the IRMC and RMC of the ME
and enhancement to such policies or procedures with regard to, among others, the preparation and
based on the evaluation of implementation. implementation of Integrated Risk Management
2. Review and coordinate the evaluation results of the policies and procedures.
integrated risk management implementation, such 2. Provide information to the IRMC on issues that need to
as integrated risk profile reports, its methodology be followed up, including in the event of limit breach
or other reports generated by the integrated risk or significant incident in each FSI member of CIFC
management information system. that may affect the CIFC.
3. Conduct risk monitoring in CIFC based on the results
Additional details about the IRMC Code of Conduct are of the risk profile assessment of each FSI member of
outlined in the IRMC Terms of Reference (TOR). CIFC as well as the integrated risk profile.
4. Develop and review the accuracy of the risk profile
IMPLEMENTATION OF INTEGRATED RISK assessment methodology on a regular basis or in case
MANAGEMENT of regulatory changes.
Throughout 2024, the implementation of integrated risk 5. Prepare and submit the integrated risk profile and
management activities includes the following: minimum capital adequacy requirement report
1. The IRMU of the ME coordinated the submission of periodically to the Risk Management Director, the
the Integrated Risk Profile Report from the respective IRMC and RMC at the Bank as ME, prior to the
IRMU of each CIFC member to the regulators every submission to the regulator.
semester.
2. The IRMU, along with the Finance Unit, submitted the The IRMU monitors the implementation of risk
Minimum Capital Adequacy Requirement report every management in an integrated manner. The results
semester to the regulator. Prior to this, the report is of the monitoring process for this risk exposure are
submitted to the IRMC for recommendation, before then reported to and evaluated by the IRMC, as well as
approved by the RMC of the ME. reported to the RMC of ME, in line with the IRMU’s efforts
3. Coordination of the integrated risk management to comply with the provisions of the regulator regarding
implementation by the ME to FSI members of CIFC, the implementation of risk management.
which is carried out periodically with the RMU of each
FSI member of the CIFC. In 2024, the implementation of IRMU tasks as follows:
4. Submission of the Integrated Risk Profile 1. Conduct periodic review of the risk management
Report results to all IRMC members to obtain policies and procedures that serve as guidelines and
recommendations before being approved by the RMC references in the implementation of integrated risk
of ME. management.
5. There were no significant events that occurred in each 2. Conduct a review of the methodology used in the risk
FSI member of CIFC that could affect the overall risk profile self-assessment process for each FSI member
profile of the CIFC. of CIFC.
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3. Carrying out the process of improving and aligning risk management activities and frameworks in the ME with the
implementation of risk management in FSI members of CIFC.
4. Prepare and submit the integrated risk profile and minimum capital adequacy requirement reports on a regular basis
to IRMC and RMC of ME, to be submitted to regulators.
Further explanation regarding the implementation of integrated risk management is presented in the Risk Management
Chapter of this Annual Report
Organizational Structure of IRMU in CIMB Indonesia Financial Conglomerate
Board of
Commissioners of the
Main Entity
Board of
Directors of President Director
the Main entity
Recommendation
Risk Management Integrated Risk
Other Directors
Director Management Committee
Integrated Risk
Management Unit Integrated Risk
Profile Report
Coordination
Risk Management Unit of Risk Management Unit of
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
POLICY ON INTRAGROUP TRANSACTIONS 8. Business cooperation or cross-selling in the form of
Intragroup transaction risk is one of the risks that must be incentives or fees among FSIs.
managed in the context of Integrated Risk Management
implementation. Intragroup transaction risk arises due to In the context of active supervision, the Board of
the dependence of an entity, either directly or indirectly, Commissioners and the Board of Directors receive regular
on other entities within a financial conglomerate in reports related to intragroup transactions. Adequate
the context of fulfilling the obligations of written and policies and procedures for managing intragroup
unwritten agreements, whether followed or not followed transactions have been developed in each FSI. At the ME,
by a transfer of funds. these policies include the Risk Management Policy, the
Policy on the Maximum Legal Lending Limit (LLL), and
Intragroup transaction risk may arise from, among others: others. The clarity of authority and responsibility has also
1. Cross-ownership among FSI members in a financial been well regulated under the authority of the Strategy,
conglomerate. Finance & SPAPM Director.
2. Centralization of short-term liquidity management.
3. Guarantee, loan or commitment, provided by or In the intragroup transaction risk management process,
obtained from one FSI to another FSI within the the ME has identified, measured, monitored, and controlled
financial conglomerate. the risk of composition and fairness of transactions
4. Exposures to the controlling shareholders, including among CIFC members. Periodically, the Finance Unit and
loan and off-balance sheet exposures, such as the RMU monitor the risk of the composition of intragroup
guarantees and commitments. transactions to ensure compliance with limits, such as the
5. Placement, purchase or sale of assets to other FSIs LLL and the arms-length principle of transactions.
within a financial conglomerate.
6. Risk transfer through reinsurance. The CIMB Indonesia Financial Conglomerate has no
7. Transactions to transfer third party risk exposure centralized liquidity management, intragroup support
among FSIs within a financial conglomerate. is not binding, transaction operations where one
company acts with or on behalf of another company
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within the CIMB Indonesia Financial Conglomerate Process, and Outcomes on the following 7 (seven) Factors
are very low, and purchases or sales of intragroup of IG Implementation Assessment:
assets are immaterial. In terms of documentation and 1. Implementation of duties and responsibilities of the
fairness of transactions, the documentation of intra- ME’s Board of Directors;
group transaction agreements is very adequate, and all 2. Implementation of duties and responsibilities of the
transactions are carried out based on the arm’s length ME’s Board of Commissioners;
principle and in accordance with applicable regulations. 3. Duties and responsibilities of the IG Committee;
Exposure to the controlling shareholders toward total 4. Duties and responsibilities of the Integrated
capital and exposure arising from the placement of Compliance Unit (ICU);
customer assets with other companies within the CIMB 5. Duties and responsibilities of the Integrated Internal
Indonesia Financial Conglomeration is also insignificant. Audit Unit (IIA);
Furthermore, independent reviews are carried out by the 6. Implementation of Integrated Risk Management; and
IA in accordance with the business scale and complexity 7. Preparation and implementation of IG Guidelines, as
of intragroup transactions. well as paying attention to other information related
to the implementation of IG.
Intragroup transaction risk is one of the risk assessment
aspects in the Integrated Risk Profile Report, which is IG Committee members and IRMC members perform
reported regularly. Up to the end of 2024, the risk profile the IG implementation self-assessment process by
of intra-group transactions is still considered low and evaluating the adequacy of the IG structure, process, and
limited, and the significance of intra-group transactions outcomes for each assessment factor, as well as taking
toward the total assets of the CIMB Indonesia Financial into account other significant and relevant information in
Conglomerate is still insignificant. the implementation of Governance.
IG IMPLEMENTATION ASSESSMENT REPORT Furthermore, in the IG implementation self-assessment
process, the Bank as ME also considers other data and
IG IMPLEMENTATION ASSESSMENT METHOD information acquired from other units, such as Risk
Pursuant to the OJK Circular Letter No. 15/SEOJK.03/2015 Management, Internal Audit, Corporate Secretary, Human
on Implementation of Integrated Governance for Financial Resources, Anti-Fraud Management, Risk Management,
Conglomerates, a self-assessment of IG implementation as well as work units in subsidiaries, which are used as
is carried out every semester, which includes an validation factor in the IG implementation assessment in
assessment of 3 (three) IG aspects, namely Structure, the CIMB Indonesia Financial Conglomerate.
IG IMPLEMENTATION ASSESSMENT RESULTS
The following are the outcomes of the IG implementation assessment in 1st and 2nd Semester of 2024:
Result of the Self-Assessment on the Integrated Governance Implementation
Rating Rating Definition
The Financial Conglomerate is considered to have implemented IG that is generally good, as reflected in the
2 (GOOD)
adequate fulfillment of the application of IG principles
The CIMB Indonesia Financial Conglomerate is considered to have properly implemented the IG principles and frameworks
covering the 7 IG assessment factors. This is reflected in the adequate fullfillment of the three IG aspects: structure,
process, and outcome. Completeness and effectiveness of implementation of adequate IG structure and infrastructure,
resulting in proper IG implementation outcomes in general, within the CIMB Indonesia Financial Conglomerate.
This is evidenced, among others, through the implementation of the IG and IRM Committees’ duties and functions, which
are supported by the implementation of the ICU, IIA, and IRMU functions, as well as the alignment of the framework in
implementing internal control systems, risk management, and compliance. The CIMB Indonesia Financial Conglomerate
conducts periodic self-assessments of the effectiveness of the implementation of the IG principle and identifies areas
for improvement in the IG process. In which the room for improvement is less significant and can be resolved by normal
business actions by ME and/or FSI members within the CIMB Indonesia Financial Conglomerate.
The self-assessment process for implementation of IG is conducted through a questionnaire self-assessment by
respondents, consisting of management and executive officers in the Main Entity and Subsidiaries. The questionnaire
for the self-assessment is also supported by a validation process by independent unit functions in the Main Entity and
subsidiaries (such as Compliance, Internal Audit, Risk Management, Anti-Fraud Management, and others). In establishing
a report on IG implementation, the Main Entity also coordinates discussions with all members of the CIMB Indonesia
Financial Conglomerate. The outcome and its report are presented to the IG Committee every semester for approval, to
be submitted to regulators.
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Sharia Business Unit Governance Report
POLICY ON GOVERNANCE IMPLEMENTATION GCG PRINCIPLES OF SBU
The demand for Sharia-compliant financial products and Sharia’s financial business management based on GCG
services grows year after year. An increase followed this is expected to contribute positively to all stakeholders.
development in the number of financial institutions that CIMB Niaga’s SBU follows 5 (five) main principles in its
provide Sharia-compliant financing and services. business operations, namely:
1. Transparency: transparency in presenting material and
To meet the community’s needs, CIMB Niaga established relevant information and the decision-making process.
a Sharia Business Unit (SBU), which provides a variety 2. Accountability: the clarity and accuracy of the information
of Sharia financial products and services to meet the presented regarding the management of the Bank, which
community’s needs and develop the Islamic economy runs effectively by the objectives.
in Indonesia. CIMB Niaga’s SBU is constantly improving 3. Responsibility: consistent Bank management based on
and increasing the quality of its services, products, and the prevailing rules and regulations and the principles of
operations. One is to increase the implementation of sound SBU management.
Sharia Governance, which refers to the practice of Good 4. Professionalism: being competent and able to act
Corporate Governance (GCG) and Sharia compliance. objectively, free from the influence/pressure of any party,
and committed to developing sharia business.
LEGAL BASIS 5. Fairness: fairness and equality in fulfilling the rights
1. Indonesia’s Laws regarding Limited Liability and interests of the stakeholders by the agreement of
Companies and Sharia Banking. prevailing rules and regulations.
2. Otoritas Jasa Keuangan (OJK), Bank Indonesia
Regulations, and OJK and Bank Indonesia Circular GCG SELF-ASSESSMENT OF THE SBU
Letter related to Sharia Banks and Sharia Business The GCG self-assessment of the Bank implementation two
Units. (two) times in one year to measure the outcome of GCG
3. Articles of Association of CIMB Niaga. implementation by CIMB Niaga’s SBU, as stipulated by
the regulator. The assessment is routinely conducted by
sending questionnaires to respondents, namely members
of the Sharia Supervisory Board (SSB), Board of Directors
(BOD), and Executive Officers.
The following is CIMB Niaga’s SBU GCG self-assessment result in 2024:
Factor Weight Rating Score
Implementation of the Duties and Responsibilities of the SBU Director 35% 1.11 0.39
Implementation of the Duties and Responsibilities of the Sharia Supervisory Board (SSB) 20% 1.15 0.23
Implementation of the Sharia Principles in Fund Collection, Fund Distribution and Services activities 10% 1.61 0.16
Fund Distribution to Customers and Fund Deposits by Core Depositors 10% 1.42 0.14
Transparency of Financial and Non-Financial Conditions, GCG Implementation Report, and Internal Reporting 25% 1.31 0.33
Composite Score 100% 1.25 (Very Good)
Range Table
Composite Score Composite Attribute
Composite Score >1.5 Very Good
1.5 ≤ Composite Score < 2.5 Good
2.5 ≤ Composite Score < 3.5 Fair
3.5 ≤ Composite Score < 4.5 Poor
4.5 ≤ Composite Score ≤ 5 Very Poor
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STRUCTURE AND MECHANISM OF CIMB 6. Conflicts of Interest
NIAGA SBU SHARIA GOVERNANCE 7. Transparency
8. Work Ethics, Hours, and Prohibitions
GCG STRUCTURE OF CIMB NIAGA SBU 9. Working Relationship Pattern of SSB, Board of
The governance structure of CIMB Niaga’s SBU Commissioners (BOC), and Board of Directors (BOD)
consists of the SSB and the Sharia Banking Director, 10. Meetings
who has established several groups to carry out the 11. Term of Office
SBU’s operational operations. All Sharia governance 12. Resignation
bodies at CIMB Niaga’s SBU carry out their duties and 13. Performance Assessment (Evaluation) and
responsibilities through their respective functions. Accountability
MECHANISM OF SHARIA GOVERNANCE MECHANISM OF APPOINTMENT, REPLACEMENT,
CIMB Niaga’s SBU adheres to Sharia Governance AND/OR RESIGNATION OF SSB MEMBERS
principles in its daily operations. The Sharia Governance The provisions and mechanisms regarding the selection,
mechanism refers to organizational management appointment, replacement, and/or resignation of SSB
principles and practices that adhere to Sharia principles. members are as follows:
CIMB Niaga’s SBU implements Sharia Governance
mechanisms to ensure that organizational activities and 1. SSB Member Criteria
policies are consistent with Islamic ethical values, which Prospective SSB members must meet the
are incorporated into the structure and processes of requirements stipulated in the applicable laws and
SBU organs and supporting organs. All SBU organs and regulations, which include integrity, competence, and
supporting organs carry out their respective functions good reputation.
and roles by existing regulations and policies, allowing
for continuous improvement in the implementation of 2. Procedures for Appointing SSB Members
Sharia governance. a. An independent third party can identify and select
prospective SSB memb.
SHARIA SUPERVISORY BOARD (SSB) b. Members of the BOD, BOC, and/or Shareholders of
The SSB provides advice and suggestions to the Board the Bank may also submit proposals for candidates
of Directors and supervises the Bank’s SBU activities by of SSB members to the Bank. Shareholders who
Sharia Principles. The SSB has the authority to supervise, may propose candidates of SSB members are 1
monitor, provide sharia opinions, approve, and closely (one) or more shareholders representing 1/20 (one
observe all CIMB Niaga’s SBU activities. The GMS twentieth) or more of the total number of shares
appoints SSB members following the recommendation with voting rights.
from the National Sharia Council – Indonesian Ulema
Council (DSN-MUI) and granting a Fit and Proper Test 3. SSB Member Appointment Procedures, including:
approval from the OJK. a. The appointment of SSB members must receive
a recommendation from the National Sharia
SSB CHARTER Council-Indonesian Ulema Council (DSN-MUI) and
The SSB Charter governs SSB guidelines, standards, and approval from the GMS. Before being effectively
a code of ethics to improve the effectiveness of SSB’s daily declared as a member of the SSB, it must have
implementation of functions, duties, and responsibilities passed the Fit and Proper Test by OJK regulations
and establish quality standards for the management of on Fit and Proper Test and Implementation of GCG
institutional administration and SSB work results, both for Sharia Commercial Banks and SBU and meet
for the benefit of SSB, SBU, and other parties. other requirements set by other related agencies..
b. The appointment of SSB members who have been
CIMB Niaga’s SBU SSB has an SSB Charter that serves as a declared effective must be reported to the OJK
framework for carrying out its duties and responsibilities. no later than 7 (seven) working days after the
The SSB Charter was updated in December 2024 and effective appointment date, accompanied by a
is subject to periodic review by Indonesian rules and deed of the GMS.
regulations.
4. Procedures for Dismissal, Replacement and/or
The SSB Charter regulates the following: Resignation of SSB Members, including:
1. Accountability a. A member of the SSB has the right to resign by
2. Structure and Membership notifying the Bank in writing of his intention to
3. Requirements and Appointment resign before it takes effect.
4. Duties, Responsibilities, and Authority
5. SSB Authority Arrangement and Resolution
Procedure
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b. The Bank shall convene a GMS within 90 (ninety) MEMBERSHIP STRUCTURE AND COMPOSITION
days of receiving the resignation letter of the SSB OF THE SSB IN 2024
member. In 2024, the membership structure and composition
c. The proposal for the dismissal and/or replacement of CIMB Niaga’s SSB complied with the applicable
of an SSB member submitted to the GMS shall regulations as well as the SSB Charter, as follows:
consider the recommendation of the Bank’s 1. CIMB Niaga’s SSB consisted of 3 (three) members,
Nomination and Remuneration Committee. one of whom was appointed as a Chairman.
d. The Bank shall conduct a disclosure to the public 2. Replacement and/or appointment of all SSB
and submit it to the OJK at least 2 (two) working members has considered the recommendations of
days following the receipt of the resignation letter the Nomination and Remuneration Committee and
of the SSB member. approved of the GMS.
e. If the resignation reduces the number of SSB 3. All SSB members have passed the Fit & Proper Test
members to less than the minimum number from the OJK.
required by the prevailing regulations, the Bank 4. All members of CIMB Niaga’s SSB did not have family
shall appoint new SSB member(s) by the prevailing relationships up to the second degree with fellow
mechanisms and procedures for appointing SSB members of SSB, members of the BOC and/or BOD, or
members. the Controlling Shareholders.
f. If an SSB member resigns before his/her 5. The term of office of SSB members was effective from
term of office ends, the accountability for the the date specified in the GMS that appointed them
implementation of duties carried out from the last until the close of the 3rd (third) AGMS following the
accountability up to the resignation date shall be date of appointment, without prejudice to the right of
requested at the following Annual GMS. the GMS to dismiss them at any time by the Articles of
g. An SSB member’s dismissal and/or resignation Association and the prevailing regulations. Members
shall be reported to the OJK within 7 (seven) can be re-appointed with due regard to the applicable
working days of the effective dismissal and/or provisions.
resignation date.
Most Recent Term of
No Name Position GMS Appointment BI/OJK Approval
Reappointment Office
1 Prof. Dr. M. Quraish Shihab, Chairman AGMS No. 11/260/DPbS AGMS 2023 - 2026
MA concurrently 23 April 2008 dated 11 February 2009 10 April 2023
member
2 Prof. Dr. Fathurrahman Member EGMS No. 11/260/DPbS AGMS 2023 - 2026
Djamil, MA 19 December 2008 dated 11 February 2009 10 April 2023
3 Dr. Yulizar Djamaluddin Member AGMS No. 15/825/DPbS AGMS 2023 - 2026
Sanrego, M.Ec 28 March 2013 dated 10 June 2013 10 April 2023
FIT AND PROPER TEST
The SSB Charter stipulates that SSB members have to be appointed at the General Meeting of Shareholders and are only
effective when the OJK has approved the appointment and has received the recommendation form DSN-MUI as stated
in OJK Regulation No. 2 of 2024 on the Implementation of Sharia Governance for Sharia Commercial Banks and Sharia
Business Units and OJK Regulation No. 27/POJK.03/2016 on Fit and Proper Test for Key Parties of Financial Services
Institutions, which states that candidate SSB members must obtain approval of the Financial Services Authority before
carrying out any actions, duties, and functions on a Sharia Supervisory Board.
All members of the SSB of CIMB Niaga’s SBU have passed the fit and proper test without notes and have received
approval from the OJK, which indicates that all members of the SSB have integrity, competence, and an adequate
financial reputation.
SHAREOWNERSHIP BY SSB MEMBERS
All members of the Bank’s SSB have no shares in the Bank or other financial institutions or companies.
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CONCURRENT POSITIONS OF SSB MEMBERS DUTIES, RESPONSIBILITIES, AND AUTHORITY OF
Based on OJK Regulation No.12 of 2023 on Sharia Business THE SSB
Units and OJK Regulation No. 2 of 2024 on Governance The SSB has the duties and responsibilities to advice
Implementation for Commercial Sharia Banks and Sharia and recommend to the Director in charge of the SBU
Business Units, as well as CIMB Niaga’s SSB Charter, and oversee SBU activities in accordance with Sharia
members of the SSB may not hold concurrent positions: Principles.
a. as a member of the Board of Directors, member of
the board of commissioners, or executive officer at a The scope of SSB’s oversight and authority over the SBU
financial institution or financial company, whether a includes:
bank or non-bank; 1. Assessing and ensuring compliance with Sharia
b. as a member of SSB in more than 1 (one) sharia Principles regarding the Sharia operational and
commercial bank or other Sharia business units; product guidelines issued by the Bank.
c. as a member of SSB in more than 2 (two) financial 2. Overseeing the Bank’s new Sharia product
institutions other than Banks; development process per the DSN-MUI fatwa.
d. as a member of the Board of Directors, member of the 3. Providing Sharia opinions regarding new Sharia-
board of commissioners, SSB, or executive officer in related products and/or restructured financing
more than 1 (one) non-financial institution or company, concerning the DSN-MUI fatwa and provisions
whether domiciled in Indonesia or overseas; governing the implementation of Sharia Principles
e. in the field of functional duties at banking financial and business activities of the SBU.
institutions and/or non-banking financial institutions 4. Requesting a fatwa from DSN-MUI for the bank’s new
domiciled in Indonesia or overseas; Sharia-related bank products, no fatwa was issued.
f. as a public official; 5. Periodically review compliance with Sharia Principles
g. in other positions which may lead to a conflict of regarding fund collection, fund disbursement, and
interest in carrying out duties as a member of the SSB SBU services.
and/or 6. Requesting data and information concerning Sharia
h. in other positions by the provisions of laws and aspects from the Bank’s operating units that perform
regulations and/or are related to Sharia activities associated with
implementing its duties.
This does not include the prohibition on holding concurrent 7. Performing duties and responsibilities according to
positions as referred to above if a member of the SSB: the principles of good corporate governance.
a. serving as a member of the Board of Directors, 8. The SSB has the right to request clarification from
member of the board of commissioners, or executive the authorized Bank and SBU officers regarding the
officer who carries out supervisory functions in 1 (one) objective, characteristics, policy, and contract used in
non-bank subsidiary company controlled by the Bank; the SBU’s products and services.
b. serving in a non-profit organization or institution and/ 9. The SSB has the right to review and approve all
or internal policies, systems, products, and contracts
c. serving as a member of the SSB at another Bank issued by the Bank/SBU regarding fulfilling Sharia
and/or the Sharia supervisory board at a financial principles.
institution other than a Bank, which is a member of the 10. The SSB has the right to request all the necessary
Bank’s financial conglomerate. data and information from the Sharia Banking Director
as long as it does not result in the person concerned related to the implementation of its duties
neglecting the implementation of duties and responsibilities
as a member of the SSB. MANAGEMENT OF CONFLICTS OF INTEREST OF
THE SSB
At the time of the OJK Regulation comes into force: The SSB Charter regulates conflicts of interest issues under
a. SSB members who hold concurrent positions as the OJK Regulation No. 17 of 2023 on the Implementation of
prohibited in Article 12 paragraph (1) may continue Governance at Commercial Banks. This regulation stipulates
to have concurrent positions until the term of office that in the event of a conflict of interest, SSB members are
ends; and prohibited from taking action that can be detrimental to the
b. SSB members serving a term of office of more than 2 Bank or reduce the Bank’s profits and must disclose the
(two) terms, as referred to in Article 14 paragraph (3), conflict of interest in every decision.
may remain in office until the end of the term.
The procedures that members of the SSB must follow in the
Information on the concurrent positions of CIMB Niaga’s event of a conflict of interest are in line with those for the
SSB members is presented in the Company Profile members of the Board of Commissioners, as outlined in the
Chapter of this Annual Report. Corporate Governance Chapter, the Board of Commissioners
sub-chapter of this Annual Report.
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PERFORMANCE ASSESSMENT OF THE SSB 2. Individual Performance Assessment of Each
Member of the SSB
POLICIES AND PROCEDURES FOR PERFORMANCE Each member of the SSB provides an assessment of
ASSESSMENT OF THE SHARIA SUPERVISORY BOARD every other SSB member.
An assessment of the performance of the Sharia
Supervisory Board (SSB) is carried out every year (at least 3. Performance Assessment of the SSB Chairman
once a year) for the first time in 2024, including: Each member of the SSB will assess the performance
1. Collegial performance assessment of the SSB; of the SSB Chairman.
2. Individual performance assessment of each member
of the SSB; and The performance assessment results are then submitted
3. Performance assessment of the SSB Chairman. to the Nomination and Remuneration Committee and
SSB. The Nomination and Remuneration Committee
CIMB Niaga conducted the SSB performance assessment then presents and discusses the results of the SSB
through self-assessment with an online survey performance assessment at the Board of Commissioners
method given to each SSB member whose assessment meeting. The result of the discussion will be followed up
process and results were carried out confidentially and with improvements or action plans (if necessary).
anonymously (independently). It is expected that the
results of this performance assessment can provide input RESULTS OF THE PERFORMANCE ASSESSMENT
for improving SSB performance in the future. OF THE SHARIA SUPERVISORY BOARD IN 2024
In 2024, the results of the collegial and individual SSB
PERFORMANCE ASSESSMENT CRITERIA FOR THE performance assessment in detail are as follows:
SHARIA SUPERVISORY BOARD Individual
Collegial
SSB performance assessment uses several criteria as Performance
Performance SSB Chairman
Assessment
follows: Assessment
(Average)
4.57 (Outstanding) 4.61 (Outstanding) 4.50 (Outstanding)
1. Criteria of Collegial performance assessment of the
SSB
a. Effectiveness of the Role of the Sharia Supervisory The Bank’s commitment to implementing GCG principles is
Board one of the factors considered in the collegial SSB performance
b. Effectiveness of Implementation of Duties and assessment. In 2024, the results of the assessment of SSB’s
Responsibilities GCG implementation were 4.50 (Outstanding).
c. Composition of the Sharia Supervisory Board
d. Effectiveness of Meeting, Work Ethics, and Range Table:
Dynamics of the SSB Range Description
e. Implementation of Good Corporate Governance ≥ 4.7 Exceptional
and Sustainability Principles 4.0-4.6 Outstanding
f. Effectiveness of Implementation and Control of 3.7-3.9 Exceed Expectation
Sharia Compliance 3.0-3.6 Meet Expectation
< 3.0 Need Improvement
2. Criteria of Individual Performances Assessment of
Each Member of the SSB
a. Competency and Capability AFFILIATED RELATIONSHIP BETWEEN SSB,
b. Effectiveness of Implementation of Duties and BOARD OF COMMISSIONERS AND BOARD OF
Responsibilities DIRECTORS
The Corporate Governance Chapter of this Annual Report
3. Criteria of Performance Assessment of the SSB presents information on SSB’s affiliated relationship with
Chairman the Board of Commissioners and Board of Directors in 2024.
a. Effectiveness of Implementation of Duties and
Responsibilities SSB MEETINGS
b. Leadership The SSB Charter stipulates that the SSB meetings should
be held at least 1 (one) time a month, with the agenda of
THE PARTY CONDUCTING THE PERFORMANCE strategic and operational policies and decisions in the context
ASSESSMENT OF THE SHARIA SUPERVISORY BOARD of carrying out the supervisory function and providing
The parties who assess DPS performance are as follows: advice and suggestions to the Board of Directors and SBU
Management about compliance with sharia principles.
1. Collegial Performance Assessment of the SSB
Each member of the SSB assesses the overall The SSB shall hold joint meetings with the BOD and BOC
performance of the SSB. at least 1 (one) time in 4 (four) months.
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In line with the implementation of HyWork (Hybrid Working, Happy Working) at the Bank, the implementation of SSB
meetings during 2024 has been held 13 (thirteen) regular meetings, which were held in person, virtually, or hybrid, with
in-person meetings held at least 2 (two) times a year with attendance details as shown in the table below. Details of the
SSB meeting implementation with the BOD and the BOC in 2024 are outlined in the Corporate Governance Chapter, the
BOC, and the BOD sub-chapter of this Annual Report.
SSB Meeting Joint Meeting of SSB and BOC Joint Meeting of SSB and BOD
Name Average Average Average
Attendance Attendance Attendance Attendance Attendance Attendance
Attendance Attendance Attendance
Frequency Rate Frequency Rate Frequency Rate
Rate Rate Rate
Prof. Dr. M.
Quraish Shihab, 12/13 92% 3/3 100% 3/3 100%
MA
Prof. Dr.
Fathurrahman 13/13 100% 97.3% 3/3 100% 100% 3/3 100% 100%
Djamil, MA
Dr. Yulizar
Djamaluddin 13/13 100% 3/3 100% 3/3 100%
Sanrego, M.Ec
Selain pelaksanaan rapat, DPS juga menyelenggarakan exit meeting review kepatuhan Syariah dengan rincian keterangan
sebagai berikut:
Date Material of Discussion
1 March 2024 Discussion of Sharia Subrogation Issues (Internal Audit findings)
28 June 2024 Final Meeting Review of Sharia Compliance of Mortgage iB for Bali Area, iB Fundraising, and Services in Denpasar
and Lombok Area
29 August 2024 Discussion of Potential Sharia Non Compliance in Semester 1 Audit Report
22 November 2024 • Final Meeting of Sharia Compliance Review on Corporate Banking (COBA) iB Financing
• Final Meeting of Sharia Compliance Review for iB Fundraising and Service Areas of Central Java V and Central
Java VI
SSB EDUCATION AND TRAINING
SSB member training data for 2024 is presented in the Company Profile Chapter of this Annual Report.
FREQUENCY, ADVISORY AND SHARIA COMPLIANCE SUPERVISION IN 2024
SSB submits the SSB Oversight Report to CIMB Niaga management every six months. The Oversight Report is then
submitted to the OJK by the Management. In 2024, the SSB submitted the following report to the OJK:
Period Letter No. Date
Semester I 064/PD/UUS/VIII/2024 16 August 2024
Semester II 010/PD/UUS/II/2025 06 February 2025
In 2024, SSB has also implemented several work programs, including:
1. Conducting sharia compliance reviews, including:
a. Raising of Funds through Octosmart
b. Raising of Funds and services for Denpasar Area and Lombok Area
c. iB Mortgage Financing for East Indonesia Regions and Bali Nusra III
d. Raising of Funds and services for Central Java V and Central Java VI Areas
e. iB Corporate Banking Financing
2. Submitting the SSB Oversight Results Report (LHP) for the period:
a. 2nd Semester of 2023, submitted in February 2024
b. 1st Semester of 2024, submitted in August 2024.
3. Contributing to Sharia GCG through the 2024 GCG Self-Assessment in accordance to the provisions of the applicable
authorities.
4. Sharia Governance & Compliance Refreshments were conducted twice: in June in Denpasar and November in Solo.
5. Supporting the implementation of the Standard Operating Procedure for Sharia Non-Compliance Incident
Management to strengthen Sharia supervision/review as to implement good Sharia governance.
6. Actively contribute to the PSNC (Potential Sharia Non-Compliance) Forum with SSB opinions on sharia compliance
review findings and Sharia Internal Audit findings.
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SHARIA BANKING DIRECTOR CRITERIA
CIMB Niaga’s SBU is led by the Sharia Banking Director, The criteria for the appointment of the Sharia Banking
who is fully responsible for implementing Sharia business Director is based on Bank Indonesia Regulation (PBI) No.
management based on the prudential principles and 11/10/PBI/2009 on Sharia Business Units, PBI No. 14/6/
Sharia principles. In 2024, the Sharia Banking Director PBI/2012 on the Fit and Proper Test for Sharia Banks and
was served by Pandji P. Djajanegara, who was appointed Sharia Business Units, and BI Circular Letter No. 14/25/
through the AGMS Resolution dated 15 April 2016 and DPbS on the Fit and Proper Test for Sharia Banks and
has been approved by the OJK through Letter No.SR-27/ Sharia Business Units. The criteria that must be met by
PB.13/2016, dated 4 October 2016. candidates for the position of Sharia Banking Director
include:
PROFILE OF THE SHARIA BANKING DIRECTOR 1. Good integrity, competency, and financial reputation
as required by the prevailing regulations;
2. Commitment to the development of sound Sharia
banking operations;
3. Sufficient knowledge and understanding of Sharia
banking operations;
4. Knowledge and expertise in banking operations,
Sharia banking, finance, or Sharia finance;
5. The ability to carry out strategic management within
the framework of developing a sound and resilient
SBU.
The Board of Directors sub-section of the Corporate
Governance Report Chapter of this Annual Report
Pandji P. Djajanegara
Sharia Banking Director presents detailed information about the duties and
responsibilities of Sharia Banking Directors.
The complete profile is presented in the
Profile of the Board of Directors.
LIST OF CONSULTANTS AND ADVISORS
No Consultant Services
1 LPPI Assistance for the Spin Off Licensing Process
2 Mckinsey Business Strategy Formulation Spin Off
3 Alvarez & Marsal Business & Operational Readiness Spin Off
4 KarimSyah Legal consultancy related to sharia banking
5 EY (Ernst & Young) Tax & Accounting Opinion (IMBT)
6 KPMG (Klynveld Peat Marwick Goerdeler) Accounting Opinion (iB Inventory Purchase)
7 Deloitte Tax & Accounting Opinion (iB Inventory Purchase)
INTERNAL FRAUD AND SETTLEMENT EFFORTS
According to the report of the Internal Audit Unit or the Anti-Fraud Management, there were no internal fraud cases
involving more than Rp100,000,000,-(one hundred million Rupiah) in 2024.
Number of cases committed by
Board of
Non-Permanent
Internal Fraud Cases Commissioners and Permanent Employee
Employee
Board of Directors
2024 2023 2024 2023 2024 2023
Resolved - - - 2 - -
In the Process of Internal Resolution - - - - - -
Unresolved - - - - - -
Followed-up by Legal Proceedings - - - 1 - -
Total Fraud - - - 2 - -
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LEGAL ISSUES (CIVIL AND CRIMINAL) AND SETTLEMENT EFFORTS
In 2024, the legal issues faced by the CIMB Niaga’s SBU involve only civil cases and no criminal cases, as presented in
the following table:
Civil Criminal
Legal Cases
2024 2023 2024 2023
Settled cases (final and legally binding) 9 6 - -
Cases in the Settlement Process (as of December) 17 12 1 -
Total Cases 26 18 1 -
TRANSPARENCY OF FINANCIAL AND NON-FINANCIAL CONDITIONS
Transparency of the SBU’s financial and non-financial conditions is carried out in conjunction with the Bank, as described
in the Corporate Governance Report Chapter of this Annual Report.
NON-HALAL REVENUE AND ITS UTILIZATION
In 2024, there were no non-halal revenue.
FUND DISTRIBUTION FOR SOCIAL ACTIVITIES
In 2024, CIMB Niaga’s SBU utilized Benevolent Funds for the following social objectives:
1. Productive Benevolent Fund of Rp24,849,669.00
2. Donation of Rp7,247,001,625.00
3. Other Uses for Public Interest Rp319,593,798.91
Using Productive Benevolent Funds and Donations in collaboration with social, humanitarian, religious, and educational
institutions has funded 188 activities/programs for 9,423 Beneficiaries. Total Productive Benevolent Funds and Donations
distribution amounted to Rp7,271,851,294,-. The distribution of funds is grouped into 5 (five) sectors with the following
details:
Distribution Sector Number of Activities/Beneficiaries Donation (Rp)
Economic Empowerment 19/320 821,910,280
Education 33/940 787,395,084
Infrastructure 60/64 2,114,049,000
Health 18/1,061 1,104,885,261
Social 58/7,038 2,443,611,679
Total 188/9,423 7,271,851,294
Several eminent programs with partner institutions, e. Business capital assistance for sheep farming and
which are divided into five funding distribution sectors in fattening of 50 sheep in Sukabumi - Karang Taruna
2024, include: Budi Utomo, Nangka Koneng Village.
f. Provision of business capital for 51 MSMEs in Bali–
1. Economic Empowerment Aisyiyah Bali Regional Leadership.
a. Training and business capital assistance on
cupping for underprivileged communities in 2. Education
Karawang for 20 beneficiaries – BaitulMaalku a. Educational cost assistance for underprivileged
Foundation. children with 56 beneficiaries – Dompet Sosial
b. Training and business capital assistance on sewing Madani Foundation.
for productive and underprivileged communities b. Assistance with book and uniform costs for 1 year
in Karawang for 20 beneficiaries – BaitulMaalKu for 24 beneficiaries – Darul Hikam Foundation
Foundation. Bandung.
c. Islamic boarding school-based watermelon c. Payment of tuition fees for 20 underprivileged
farming business assistance in the Lampung children for 2 months – Bina Faqih Fiddin
region – Kampoeng Tauhiid Sriwijaya Foundation. Foundation.
d. Procurement of 3 carts for MSMEs in Bandung– d. Scholarships for 10 outstanding and
Lazis Darul Hikam. underprivileged students – Universitas
Muhammadiyah Malang.
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
e. Providing educational assistance for 81 students - b. Liver treatment cost assistance for Eko Danu.
Ar Rahman Watusalam Foundation. c. Heart treatment assistance for Rangga
Raditiawarman.
3. Infrastructure
a. Construction of the Tahfidz Quran House in d. Tumor removal & intestinal surgery cost assistance
Makassar - Wahdah Inspirasi Foundation. for Rianawati.
b. Construction of the Roudhatul Jannah DQ 4
Mosque in Denpasar - Baznas Denpasar City. 5. Social
c. Construction of the MADINAT AL-UMRAN Mosque, a. Procurement of sacrificial animals for the
Universitas Paramadina, Jakarta – Universitas “Celebration of Idul Adha 1445 H with CIMB Niaga
Paramadina. Syariah”, amounting to 4 cows and 88 goats for
d. Construction of the Muhammadiyah Karangwaru the community.
Elementary School Mosque in Yogyakarta – b. Iftar food is provided in the vicinity of 25 Sharia
Lazismu Yogyakarta City. Branch Offices (KCS) in collaboration with partner
e. Construction of the Aisyiyah Bustanul Athfal 41 of KCS.
Kindergarten Building in the Semarang area – c. Rice assistance program for people in Seram
Aisyiyah Bustanul Athfal 41 Foundation. Island - Asa Muda Indonesia Foundation.
d. Distribution of 1,000 basic food packages for the
4. Health Dhuafa community in collaboration with the Pojok
a. Neuro interventional treatment and surgery for Insani Berbagi Indonesia Foundation.
Mhd Dayu Fazrillah, son of Mr Abdul Muis Daud.
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Transparency of Bad Governance Practices
Throughout 2024, CIMB Niaga did not take any actions or policies related to Bad Corporate Governance practices, in line
with the Bank’s efforts to implement the principles of Good Corporate Governance, as shown in the table below:
No Description Practice
1 Reports on Bank activities that pollute the environment Nil
2 Significant legal proceedings being faced by the Bank, subsidiaries, members of the Board of Directors and/or members of Nil
the Board of Commissioners who are currently serving are not disclosed in the Annual Report
3 Non-compliance in disclosing the fulfillment of tax liabilities Nil
4 Inconsistency in the presentation of the Annual Report and Financial Statements with applicable regulations and Financial Nil
Accounting Standards
5 Labor and employment cases Nil
6 No disclosure on the operating segments in the Financial Statement Nil
7 Inconsistency between the hardcopy and digital Annual Report Nil
Statement on Implementation of
Good Governance Principles
The Board of Directors, Board of Commissioners, and All CIMB Niaga personnel will accept full responsibility
all employees of CIMB Niaga stated that in carrying for implementing and complying with this statement.
out all business activities, the Bank always applies the CIMB Niaga also believes that by implementing Good
principles of Good Corporate Governance, and there are Governance principles, the Bank can achieve better
no material violations of applicable laws and regulations. organizational performance, increase public confidence,
The implementation of Good Corporate Governance is have a positive impact on all stakeholders, as well as
manifested through the preparation of effective policies, support the long-term sustainability of the organization.
procedures, and monitoring systems. Furthermore, CIMB
Niaga is also committed to implementing good governance
in line with applicable regulations and provisions.
Didi Syafruddin Yahya Lani Darmawan
President Commissioner President Director
2024 Annual Report | PT Bank CIMB Niaga Tbk 615
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08 Corporate Social Responsibilities
Page 615
Corporate Social Responsibilities 618
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Corporate Social Responsibilities
Information on our activities related to
social and environmental responsibility
(TJSL) is provided in the 2024 Sustainability
Report, which is published as a separate
report and submitted concurrently with
this Annual Report, in line with SEOJK 16/
SEOJK.04/2021. The information in this
Annual Report and the Sustainability Report
2024 are is complementary.
618 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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09Other Corporate Data Other Corporate Data 620
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Office Network Addresses
HEAD OFFICE Cideng
Jl. Cideng Barat No.61 - 61A Jakarta 10150
Pondok Indah Icon
Pondok Indah Office Park Gedung A Unit
GF 01 & 101 Jl.Metro Pondok Indah Sektor 3
Graha CIMB Niaga
Jl. Jend. Sudirman Kav. 58
Roxy Mas Pondok Indah - Jakarta Selatan 12310
Komp. Roxy Mas Blok B 1 No.4
Jakarta Selatan 12190
Telp. : (021) 250 5151 - 5252- 5353
Jl. KH. Hasyim Ashari No.125 Metro Pondok Indah
Jakarta Pusat 10150 Jl. Metro Duta Niaga Pondok Indah Plaza I
Fax. : (021) 250 5205
Blok II UA Kav. 67-69 Jakarta 12310
Telex : 60876 nagaho ia,
60877 nagaho ia Cempaka Putih 68
Web : www.CIMBNiaga.com Jl. Letjend. Suprapto No. 68 Wisma Pondok Indah
E-mail : corporate.secretary Jakarta Pusat 10520 Wisma Pondok Indah I Lt. Dasar suite G01
@CIMBNiaga.co.id Jl. Sultan Iskandar Muda Kav. V - TA
Telex : 60875, 60876, 60877 Jayakarta Pondok Indah Jakarta Selatan 12310
Swift : BNIDJA Jl. Pangeran Jayakarta 117 Blok A6 - 7
Jakarta Pusat 10730 Arcadia Simatupang
Perkantoran Hijau Arcadia De Entrance Lt.2,
Jl. TB Simatupang Kav. 88, Jakarta 12520
CONVENTIONAL SOUTH JAKARTA
South Quarter
BRANCHES Graha CIMB Niaga South Quarter Dome Lantai LG 21-23
Graha CIMB Niaga Jl. jend. sudirman kav. 58 Jl. RA Kartini Kav. 8 Cilandak Barat
DKI JAKARTA Jakarta Selatan 12190 Jakarta Selatan 12430
CENTRAL JAKARTA Stock Exchange Building Bintaro Sektor I
Gd. BEJ Tower 2 GF Suite G 03-04 Jl. Bintaro Raya Blok E 15-16
Jl. Jend. Sudirman Kav.52-53 Jakarta 12190 Bintaro Jaya Sektor I Jakarta 12320
Sentral Senayan II
Gedung Sentral Senayan II
GF Unit No.201 D Jl. Asia Afrika No.8 Prudential Tower Sentraya
Prudential Tower, Ground Floor Unit Office 2 Menara Sentraya Jl. Iskandarsyah II No.2
Senayan Jakarta Pusat 10270
& 6, Jl. Jend. Sudirman Kav. 79, Jakarta 12910 Kebayoran Baru Jakarta 12160
Senayan City
Mall Senayan City unit 6-04 lantai 6 Wisma Metropolitan Permata Hijau
Wisma Metropolitan II Jl. Komp.Permata Hijau Blok D No. 30 RT 15/
Jl. asia afrika
Jl. Jend. Sudirman Kav. 29-30 Jakarta 12920 RW 12 Jakarta Selatan 12210
Plaza Sinar Mas Land
Plaza Sinar Mas Land Tower 3 GF Menara Satrio Fatmawati 20
Menara Standard Chartered Unit GF 3-5 Jl. RS. Fatmawati No. 20 RT.001/03
Jl. MH Thamrin No.51 Jakarta 10350
Jl. Prof Dr. Satrio Kav. 164 Karet Semanggi Kel. Cipete Selatan Kec. Cilandak
Setiabudi Jakarta Selatan 12930 Jakarta Selatan 12410
Pintu Air
Jl. Pintu Air Raya No. 7 Blok A2 - 3
Jakarta Pusat 10710 Tebet Melawai
Jl. Prof Dr Soepomo 47 Kec. Tebet Jl. Melawai Raya No.50 Jakarta 12130
Gajah Mada Kel. Tebet Barat Jakarta Selatan 12810
Jl. Gajah Mada No. 18 Jakarta 10130
Warung Buncit
L Avenue Jl. Mampang Prapatan No.101 Jakarta 12790
Suryopranoto Gedung L’Avenue
Jl. Suryopranoto No.1 - 9 Komp. Delta Jl. Raya Pasar Minggu Kav 16 Kel. Pancoran Kemang Raya 1
Kec . Pancoran Jakarta 12780 Jl. Kemang Raya No. 1 Bangka Mampang
Building Blok A No. 18 Jakarta Pusat 10160
Prapatan Jakarta 12730
Cikini Mall Ambassador
Jl. Cikini Raya No. 71A Jakarta 10330 Ruko Mall Ambasador No.12 a Panglima Polim
Jl. Satrio RT 08/03 jakarta 12950 Jl. Panglima Polim Raya No.81
Kebayoran Baru
Gambir
Jl. Kwitang No.17-18 Gambir Jakarta 10110 World Capital Tower
World Capital Tower, Annex Ground Floor
Kebon Sirih Unit 03, Jl. Dr. Ide Anak Agung Gde Agung WEST JAKARTA
Lot D, Kawasan Mega Kuningan,
Jl. Kebon Sirih No.33 Jakarta 10340
Jakarta Selatan. Sawah Besar
Jl. S. Wiryopranoto No. 9 Jakarta Barat 11160
Menteng
Jl. Hos Tjokroaminoto No.81
Kuningan Plaza
Jakarta Pusat 10310
Kuningan Plaza South Tower Suite 101 Lindeteves Trade Center
Jl. HR Rasuna Said Kav. C11-14 Gedung lindeteves trade center GF-2
Jakarta Selatan 12940 blok RA 38 & 39 Jl. hayam wuruk No.127
Wahid Hasyim
Jl.Wahid Hasyim No. 177 A-B Jakarta 10250
Tempo Scan Hayam Wuruk
Tempo Scan Tower Lt.2. Jl. Hayam Wuruk No. 87 Jakarta 11150
Metro Tanah Abang Jl. HR Rasuna Said Kav.3-4.
Banking Center Lantai 7 unit 20
Jakarta Selatan 12950 Pintu Kecil
Pusat Pertokoan PGMTA Jakarta 10240
Jl. Pintu Kecil No. 28 - 29 Jakarta Barat 11230
Setiabudi
Tanah Abang Blok A Setiabudi building II lt.1 ruang 101b
Gedung Pasar Tanah Abang Blok A Lantai B1 Jembatan Lima
Jl. hr rasuna said kav. 62 kuningan Jl. KH. M. Mansyur 79 - 79A Jakarta 11250
(Basement 1) Los F No.086 dan 087
Jakarta 12950
Jakarta Pusat 10250
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Tomang Raya Pantai Indah Kapuk Dago
Gedung Rabana Lt. Dasar & 1 Metro Broadway The Plaza Blok 9 AE-AF, Jl. Ir. H. Juanda No. 165 Kel. Lebak Siliwangi
Jl. Tomang Raya No.48 A Jakarta Barat 11430 Pantai Indah Utara 2, Kel. Kapuk Muara, Kec. Coblong Bandung 40115
Kec. Penjaringan, Jakarta Utara 14460
Tomang Tol Kota Baru Parahyangan
Jl. Taman Kedoya Baru No.8 Kedoya Selatan Teluk Gong Bumi Paranggelung - Businees & Office Park
Jakarta Barat 11520 Komp. Duta Harapan Indah Jl. Panyawangan Kav. 6 A Nomor 5A-B
Jl. Kapuk Muara Blok D No.3 Kota Baru Parahyangan Padalarang
Green Garden Jakarta Utara 14460
Komplek Green garden Blok Y 3 No 16, Otista
Kelurahan Kedoya Utara, Mangga Dua Rutex Jl. Otto Iskandar Dinata No.102
Kecamatan Kebon Jeruk, Jakarta Barat, 11520 Ruko Textile Blok C6 No. 3 Bandung 40181
Jl. Arteri Mangga Dua Jakarta Utara 14430
Puri Indah Riau
Komp. Ruko Sentra Niaga Puri Indah Blok T1 Jl. RE Martadinata No. 134 Bandung 40113
No.26 - 27 Jakarta Barat 11610 EAST JAKARTA
Lembong
Kebon Jeruk Intercon Kalimalang Jl. Lembong No. 7 Bandung 40111
Komp. Intercon Plaza Blok F 12 - 12A Jl. Tarum Barat Blok Q No. 2 Kalimalang
Jl. Meruya Ilir Jakarta Barat 11630 Jakarta 13450 Sumber Sari
Jl. Soekarno Hatta No. 132 A Bandung 40222
Central Park Matraman
Ruko Garden Shopping Arcade Blok C 9 AH. Ruko Perkantoran Mitra Matraman Blok A1&2 Kopo Bihbul
Jl. S. Parman Kav.25 Jakarta 11470 Kel. Kebon Manggis, Kec. Matraman, Jl. Kopo Bihbul No. 94 Bandung 40228
Jakarta Timur 13150
Mall Taman Anggrek Buah Batu
Mal Taman Anggrek GF LOT VII Jatinegara Jl. Buah Batu No.143
Jl. S. Parman Kav.21 Jakarta Barat 11470 Komplek Bonagabe Blok A3-A4
Jl. Raya Jatinegara Timur No. 101 Ahmad Yani
Daan Mogot Jakarta Timur 13430 Jl. Terusan Jakarta B1 No. 77 H
Jl. Daan Mogot No. 6 E & F Komp. Lucky Plaza Bandung 40292
Jakarta Barat 11510 Rawamangun Pratama
Gedung Pratama Jl. Pemuda No. 296 Lingkar Selatan
Wisma Barito Pacific II Rawamangun Jakarta 13220 Jl. Peta No.65 Bandung 40243
Gedung Wisma Barito Pacific II,
Jl. Let. Jend. S. Parman,Kav. 62-63, Pulo Gadung
Kel. Slipi, Kec. Palmerah, Jakarta Barat 11410 Jl. Rawa Terate II Gd. Poliklinik PT GIEP GARUT
Kawasan Industri Pulogadung
Citra Garden 1 Jakarta Timur 13930
Ahmad Yani
Perum. Citra Garden I Blok I 1 No.15
Jl. Jend. Ahmad Yani No.29 Garut 44117
Kalideres Jakarta Barat 11840 Rawamangun Arion
Arion Mall Ruang G 15 Jl. Pemuda Kav. 3-4
Kemenag KAB.
Kota Jakarta Timur 13220
Jl. Pahlawan No.65, Sukagalih,
Jl. Kopi No.12 Jakarta Barat 11230
Kec. Tarogong Kidul, Kab. Garut,
Pasar Induk Cipinang Jawa Barat 44151
Komplek Pasar Beras Cipinang Blok HA.15-16
NORTH JAKARTA Cipinang Jakarta Timur 13230
CIMAHI
Kelapa Gading TN Pasar Induk Kramat Jati
Jl. Boulevard Raya Blok TN II No. 1-4 Ruko Pasar Induk Kramat Jati
Jl. Raya Bogor Uniko D2 No.17 & 18
Borma Dakota
Kelapa Gading Jakarta Utara 14240
Jl. Dakota Raya No.109 Kel. Sukaraja
Jakarta Timur 13510
Kec. Cicendo Bandung 40175
Kelapa Gading LB
Jl. Boulevard Raya LB 3 No. 34-36
Raya Tagog
Kelapa Gading 14240 WEST JAVA Jl. Raya Tagog No.256 Cimahi 40525
Bukit Gading Indah BANDUNG
Jl. Bukit Gading Raya Blok G/28
Kelapa Gading Barat Jakarta Utara 14240
CIANJUR
Asia Afrika
Sunter
Wisma CIMB Niaga Cianjur - Cokroaminoto
Jl. Jend Gatot Subroto No.2 Bandung 40262 Jl. HOS Cokroaminoto No.102 Kel. Muka
Jl. Sunter Paradise Blok F 20 No. 1-2
Kec. Cianjur Cianjur 43215
Sunter Jakarta Utara 14350
Setiabudi
Jl. Setiabudi No.57 Kec. Sukasari
Tanjung Priok
Jl. Enggano Blok C Kav.11-I Kel. Tanjung Priok
Kel. Gegerkalong Bandung 40153 PURWAKARTA
kec. Tanjung Priok Jakarta Utara 14320
Lembang Veteran
Jl. Raya Lembang No. 274 Lembang 40391 Jl. Vetaran No.83
Pluit
Jl. Pluit Sakti Raya No.113-115
Jakarta Utara 14450
Astana Anyar
Jl. Astana Anyar No.115 Kec. Astanaanyar
CIREBON
Kel. Cibabat Bandung 40241
Jembatan Dua
Kompleks Robinson-Jembatan Dua Yos Sudarso
Jl. Jembatan Dua Raya Blok BJ - BL No.82
Pajajaran Jl. Yos Sudarso No.26 Cirebon 45111
Jl. Pajajaran No.85 Kel. Arjuna Kec. Cicendo
Jakarta Utara 14450
Bandung 40173
Balong Indah Plaza
Muara Karang Balong Indah Plaza Jl. Pekiringan No.166
Jl. Muara Karang Raya No.35-37 Cirebon 45111
Jakarta Utara 14450
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Siliwangi Kemang Pratama Tangerang City
Jl. Siliwangi No. 110 Cirebon 45123 Ruko Kemang Pratama Blok MM-21F Office Sudirman One Blok H 12
Jl. Kemang Pratama Rawalumbu Jl. Jend. Sudirman No 1 Tangerang 15117
Bekasi 17116
TASIKMALAYA Kondominium Golf Karawaci
Summarecon Kondominium Golf Karawaci
Tasikmalaya - Yudanegara Komplek Graha Boulevar Summarecon Jl. Jend Sudirman BLVD 2890 Lippo Karawaci
Jl. Yudanegara No.61 Tasikmalaya 46121 Bekasi Blok GB/B-5 Kel. Harapanmulya Tangerang
Kec. Medan Satria Bekasi Jawa Barat 17143
Tasikmalaya - HZ Mustofa Pinangsia
Jl. HZ Mustofa No.282 Tasikmalaya 46110 Juanda Ruko Pinangsia Blok B 1
Jl. Ir. H. Juanda No. 137, Bekasi 17140 Jl. Imam Bonjol Karawaci Tangerang 15139
BOGOR Pondok Gede Daan Mogot
Ruko Pondok Gede Blok H 11-12 Jl. Daan Mogot No. 58 Tangerang 15111
Jl. Raya Pondok Gede No.1 Bekasi 17411
Padjajaran
Jl. Pajajaran No. 33 Bogor 16128
Kisamaun
LG Cibitung Jl. kisamaun No. 155 dan 157, Tangerang
Kawasan Industri MM2100
V Point
Ruko V Point Jl. Pajajaran No. 1 ZA & ZB
Jl. Jawa Blok G Ganda Mekar Cikarang Barat Green Office Park
Bekasi 17520 Green Office Park 1 Lt GF
Kec. Bogor Timur Kel. Sukasari Bogor 16142
Jl. BSD Grand Boulevard BSD
Cikarang Hankook Green Office Park BSD City Desa Sampora
Mayor Oking Jl. Kenari Raya Blok G3 No.1 Delta Silicon 5. Kecamatan Cisauk Tangerang 15345
Jl. Mayor Oking No.27 Blok A 4-6
Lippo Cikarang 17550
Cibinong 16900
LG Cirarab
Kemenag KAB. Jl. Tabri No.1 Desa Cirarab Bitung
Cileungsi Komplek Pemda Blok E-3,Sukamahi, Tangerang 15820
Jl. Raya Narogong Cileungsi
Kec. Cikarang Pusat, Kab. Bekasi,
Ruko Griya Kenari Mas Blok I No. 20-21
Jawa Barat 17530
Cileungsi 16820
TANGERANG SELATAN
Cibubur Citra Grand
Juanda Citra Grand Cibubur Blok R1/06 Bogor 17435
Jl. Ir. H. Juanda No. 12 Bogor 16121 Bintaro Griya Niaga
Griya Niaga II
Jl. Wahid Hasyim Blok B-IV No.3
Plaza Niaga Sentul
Plaza niaga sentul 1 blok a No.1 sentul city
KARAWANG Bintaro Jaya Sektor VII Tangerang 15224
Cibubur Kota Wisata Tuparev Pamulang
Jl. Tuparev No.150 Kel. Nagasari Jl. Siliwangi Blok D2/4, Kel. Pamulang,
Kota Wisata Cibubur Boulevard Kota Wisata
Kec. Karawang Kab. Karawang Kec. Ciputat, Tangerang Selatan,
Komp. Ruko Sentra Eropa Type
Jawa Barat 41312 Banten, 15417
ruko Travalgar Square blok SE G No.1 & 2
Kel. Ciangsana Kec. Gunung Putri
Bogor 16968 Rolling Hills Alam Sutera Icon
Pacific Plaza Boulevard South Park One Synergi building (formerly Alam Sutera
SOHO No. 029, Karawang Office Tower) LG dan UG
Jl. Jalur Sutera Barat Kav.17 Alam Sutera
DEPOK
Suryacipta Serpong - Tangerang 15325
The Manor Office Tower,
Margonda Suryacipta Square Unit #L1-C, ITC BSD
Jl. Margonda Raya No. 243
Jl. Surya Utama Kav C-1, ITC BSD Ruko ITC BSD No. 26 & 27
Suryacipta City of Industry Kutamekar, Jl. Pahlawan Seribu Kec. Serpong
Cisalak Ciampel, Karawang 41363, Jawa Barat, Kel. Lengkong Wetan Tangerang 15322
Jl. Raya Jakarta Bogor Km 31 RT 01/06 Indonesia
Cisalak Pasar Depok 16953
Pasar Modern BSD
Ruko Golden Madrid Blok C No.7 Bumi
Cinere SUKABUMI Serpong Damai Tangerang 15318
Jl. Raya Cinere No. 3 H - 3 I Kec. Limo Kab.
Bogor Ds. Cinere Depok 16514
Martadinata
Jl. RE. Martadinata No. 72 Sukabumi 43112 CENTRAL JAVA
BEKASI
SEMARANG
Lippo Cikarang BANTEN
Gd Menara Pacific Ground Fl. Pemuda 102
Jl. MH Thamrin Lippo Cikarang CILEGON Jl. Pemuda 102-104 Semarang 50133
Bekasi 17550
City Square Gatot Subroto
BEFA Square Ruko Cilegon City Square Blok A Kav. No. 9 Kawasan Industri Candi
Gedung Befa Square Unit G-D & 1-H & 10 Kec. Cibeber Kel. Kedaleman Cilegon Jl. Gatot Subroto Blok F1 / VIII
Kawasan Industri MM2100 Cikarang Barat 42400 Semarang 50181
Bekasi 17842
Kaligawe
Jababeka TANGERANG Jl. Raya Kaligawe Km 4 No.B11
Jl. Niaga Raya Unit 2O & 2P Semarang 50111
Capitol Business Park Desa Pasir Sari Gading Serpong
Kec. Cikarang Selatan Kab. Bekasi Jl. Gading Serpong Boulevard BA 02 Mataram
Jawa Barat 17550 No.28 & 29 Gading Serpong Jl. M.T. Haryono 627 Kel. Sarirejo
Semarang 50124
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Siliwangi KEBUMEN DEMAK
Jl. Jend. Sudirman No. 138 Kel. Cabean
Kec. Semarang Barat Semarang 50141 Pahlawan Kemenag KAB.
Jl. Pahlawan No.120 Kab. Kebumen Kantor Kemenag Demak
Pandanaran Kel. Kebumen Kec. Kebumen Jl. Bhayangkara Baru, Genggongan,
Jl. Pandanaran No.62, Kel. Pekunden, Kebumen 54311 Mangunjiwan, Kec. Demak, Kab. Demak, Jawa
Kec. Semarang Tengah, Semarang 50134 Tengah 59515
Kemenag Kabupaten
Candi Gedung Pusat Layanan Haji dan Umroh
Jl. Sultan Agung No. 121 Semarang 50235 Terpadu (Gedung PLHUT)
Kantor Kementerian Agama
D.I. YOGYAKARTA
Cendrawasih Kabupaten Kebumen, Jl. Pahlawan No 140,
Jl. Cendrawasih Kecamatan Kebumen, Kelurahan Bumirejo, YOGYAKARTA
Kompleks Pertokoan Jurnatan B No.1 Jawa Tengah
Semarang 50137 Sudirman 50
Jl. Jend. Sudirman No. 50, Yogyakarta 55233
Ungaran JEPARA
Jl. Gatot Subroto No. 106 D Semarang 50517 Gejayan
Jl. Gejayan No. 26A, Yogyakarta 55221
Diponegoro
Jl. Diponegoro No. 91 Jepara 59211
KUDUS Parang Tritis
Jl. Parangtritis 115 D Kel. Mergangsang
Kec. Brontokusuman Yogyakarta 55153
Agil Kusumadya PURBALINGGA
Jl. Agil Kusumadya No. 5 A Kudus 59343
Sudirman 13
Sudirman Jl. Jend. Sudirman 13
Ahmad Yani Jl. Jend. Sudirman No.37 Purbalingga
Jl. A.Yani No. 31 Kudus 59317 Kec. Purbalingga Kel. Purbalingga Kulon
Purbalingga 53312
RS Panti Rapih
RS Panti Rapih
Jl. Cik Ditiro No. 30 Yogyakarta 55223
PATI
SALATIGA Godean
Kemenag KAB. Jl. Godean KM 4 Desa Nogotirto
Jl. Panglima Sudirman No.1-H, Puri, Sudirman Kec. Gamping Kab. Sleman Yogyakarta
Kec. Pati, KAB. Pati, Jawa Tengah 59113 Jl. Jend. Sudirman 93, Salatiga 50711
Sanata Darma
Jl. Affandi (Gejayan ) Mrican
MAGELANG SOLO Tromol Pos 29 Kel. Catur Tunggal
Kec. Depok-Sleman Yogyakarta 55002
Rejotumoto Slamet Riyadi 136
Jl. Tidar Rejotumoto No. 16 Magelang 56151 Jl. Slamet Riyadi 136 Solo 57131 Universitas Sanata Pahingan
Kampus univ. sanata dharma pahingan
Manahan yogyakarta 55282
KLATEN Jl. L.U. Adisutipto No. 21 Kel. Manahan
Kec. Banjarsari Solo 57139
Pemuda
Jl. Pemuda No. 57 , Bareng Kidul, Kec. Klaten, Slamet Riyadi 8
EAST JAVA
Kab. Klaten, Jawa tengah 57414 Jl. Slamet Riyadi No. 8 Solo 57111
SURABAYA
Mesen Square
PURWOKERTO Ruko Messen Square No.3-4 Darmo
Jl. Urip Sumohardjo Kel. Purwodiningkatan Jl. Raya Darmo No. 26 Surabaya 60264
Sudirman Kec. Jebres Solo 57128
Jl. Jend. Sudirman 605 Purwokerto 53114 Diponegoro
ATMI Jl. Raya Diponegoro 70
ATMI Jl. Mojo No. 1 Karangasem Laweyan
TEGAL Solo 57142 Manyar Kertoardjo
Jl. Manyar Kertoarjo V No. 75-77
Pasar Klewer Kel. Mojo Kec. Gubeng Surabaya 60285
Sudirman
Jl. Jend Sudirman No.34 Kel. Pekauman Kec. Komplek Pasar Tradisional Klewer
Tegal Barat Tegal 52113 Blok EE 38 - EE 43, Klampis
Jl. Dr, Radjiman, Solo 57155. Jl. Klampis Jaya No. 27E
Kel. Klampis Ngasem Kec. Sukolilo
Slawi Surabaya 60117
Jl. Mayjen Sutoyo 14 Kel. Kagog Kec. Slawi Pasar Legi
Wetan Slawi 52411 Pasar Legi No.BB 06,
Jl. Letjen S. Parman, Setabelan, Darmo (Co-location)
Kec. Banjarsari, Kota Surakarta, Jl. Raya Darmo No. 28 Surabaya 60264
Jawa Tengah 57133
PEKALONGAN Dharmahusada
Kartasura Jl. Dharmahusada No. 142 Surabaya
Hayam Wuruk Jl. Ruko Kartasura Blok B 3-4 Kel Mojo Kec Gubeng Surabaya 60282
Jl. Hayam Wuruk No. 3 Pekalongan 51119 Kartasura 57168
Manyar Mega Indah
Solo Baru Pertokoan Manyar Mega Indah
CILACAP Jl.Raya Solo Baru AB No. 4 Jl. Ngagel Jaya Selatan G-3 Surabaya 60283
Kel. Langen Harjo. Kec. Grogol Sukoharjo
Sudirman Jawa Tengah 57552 Pucang Anom
Jl. Jend Sudirman No. 20 Kel. Sidanegara Jl. Pucang Anom No. 27 Kel. Kertajaya
Kec. Cilacap Tengah Cilacap 53223 Kec. Gubeng, Surabaya 60282
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Andayani GRESIK MOJOKERTO
Jl. Jemur Andayani No. 53-A
Surabaya 60237 Mojopahit
Kartini Jl. Mojopahit No. 256 Kel. Mentian
Rungkut Jl. R.A. Kartini No. 236 Kav. 2 & 3 Kec. Prajurit Kulon Mojokerto 61323
Jl. Rungkut Madya No. 95 Kel. Rungkut Kidul Kel. Sidomoro Kec. Kebomas Gresik 61122
Kec. Gunung Anyar Surabaya 60293
Kemenag KAB. PASURUAN
Sudirman Kantor Kementerian Agama KAB. Gresik,
Jl. Jend. Sudirman No. 59-61 Surabaya 60271 Jl. Jaksa Agung Suprapto No.39, Soekarno Hatta
Sumursango, Kel. Bedilan, Kec. Gresik, Jl. Soekarno Hatta No. 25, Kec.
Pasar Atom Kab. Gresik 61111 Panggungrejo, Kel. Trajeng, Pasuruan
Pasar Atom tahap IV G.07-08
Surabaya 60161
LAMONGAN LUMAJANG
Tunjungan
Jl. Tunjungan No. 47 Kec. Genteng Lamongrejo
Kel. Genteng RT / RW 01 / X
Sudirman
Jl. Lamongrejo No. 68 Lamongan Jl. Panglima Sudirman Pasar Plaza Ruko
Surabaya 60275 Kel. Sidokumpul Kec. Lamongan 62213 Blok A - 11 Kel. Tompokersan
Kec. Lumajang 67311
Tidar
Jl.Tidar 23-25 Surabaya 60251
JEMBER
Kembang Jepun NGAWI
Jl. kembang jepun No.129
Diponegoro
Jl.Diponegoro No. 36 Jember 68111 Sultan Agung
Jl. Raya Sultan Agung No.98 Kel. Ketanggi
Pakuwon City
Kec. Ngawi Ngawi 63211
Pakuwon Town Square (PATOS) Blok AA
02-002 Pakuwon City Kel. Kejawan Putih KEDIRI
Tambak Kec. Mulyorejo Surabaya 60112
Diponegoro PONOROGO
Sungkono Jl. Diponegoro No. 16 Kel. Balowerti
Jl. Mayjen Sungkono No 93 Surabaya 60187 Kec. Kota Kediri 64121 Gajah Mada
Jl. Gajah Mada No 11 Kel. Kepatihan
Perak Kec. Ponorogo Ponorogo 63416
Jl. Perak Barat 121 Kec. Krembangan MADIUN
Kel. Perak Barat Surabaya 60177
Pahlawan BLITAR
Kapas Krampung Jl. Pahlawan No. 56 Madiun 63121
Jl. Kapas Krampung No. 71-A Kel. Rangkah Merdeka
Kec. Tambak Sari Surabaya 60135 Jl. Merdeka No. 111 Kel. Kepanjenkidul
BOJONEGORO Kec. Kepanjenkidul Blitar 66112
Bukit Darmo
Ruko Office Park II Gajah Mada
Jl. Bukit Darmo Golf Blok B2 No 09 Surabaya Jl. Gajahmada No. 99 Bojonegoro 62115 BALI
DENPASAR
SIDOARJO BONDOWOSO
Thamrin
Ahmad Yani Wahid Hasyim Jl. MH. Thamrin No 77 Denpasar 80119
Jl. A.Yani No. 40 C Kel. Sidokumpul Jl. KH Wahid Hasyim No 195
Kec. Sidoarjo Sidoarjo 61212 RT 002 RW 001, Kel. Bindungan,
Canggu
Kec. Bondowoso KAB. Bondowoso 68212
Jl. Subak Sari, Desa Tibubeneng, Kec. Kuta
Utara, Kab. Badung, Bali 80361
MALANG
BANYUWANGI Kuta Graha
Merdeka Jl. By Pass Ngurah Rai No 88 Kuta 80361
Jl. Merdeka Timur No.4 Kel. KidulDalam Sudirman
Kec. Klojen Malang 65119 Jl. PB Sudirman 23-25 Banyuwangi 68416 Nusa Dua
Komplek Pertokoan Tragia Blok E III No 29
Soekarno Hatta Nusa Dua Bali 80363
Jl. Soekarno Hatta D 504, SITUBONDO
Kelurahan Mojolangu, Sanur
Kecamatan Lowokwaru, Malang 65141 Sepudi Komplek Pertokoan Sanur Raya Jl. By Pass
Jl. Sepudi No 15 A Situbondo 68322 Ngurah Rai 29-30 Kel. Sanur Kec. Denpasar
Basuki Rachmad Selatan Sanur 80228
Jl. Basuki Rachmad No. 26-28 Kel. Kauman
Kec. Klojen Malang 65119
TULUNGAGUNG Melati
Jl. Melati No. 29 Denpasar Kel. Dangin Puri
ITN Kaja Kec. Denpasar Utara Denpasar 80233
Jl. Bendungan Sigura-gura No. 2
Sudirman
Jl. Panglima Sudirman No.79 Kel. Kepatihan
Malang 65145 Ubud
Kec. Tulungagung Tulungagung 66219
Jl. Raya Andong Desa Peliatan Kec. Ubud
Kab. Gianyar 80571
JOMBANG
Ahmad Yani
Jl. A. Yani No. 36 Kec. Jombang Kel.
Jombang Jombang 61400
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NORTH SUMATRA PEMATANG SIANTAR RIAU
MEDAN Merdeka DUMAI
Jl. Merdeka 5 Pematang Siantar 21117
Bukit Barisan Sultan Syarif Qasim
Jl. Pos (formerly Bukit Barisan ) No. 07 Jl. Sultan Syarif Qasim No.177
Medan 20111 BINJAI Kec. Dumai Timur Kel. Bintan Dumai 28811
M Yamin Sudirman Duri
Jl. Prof.HM.Yamin SH 80 Medan 20231 Jl. Jend Sudirman No.348-350 Jl. Hangtuah No. 692 Kec. Mandau
Kel. Air Jamban Duri 28884
Sutomo Ujung
Jl. Sutomo Ujung 247-249 Kel. Durian WEST SUMATRA
Kec. Medan Timur Medan 20235 PEKANBARU
PADANG
Yos Sudarso Sudirman
Jl. Yos Sudarso 225-J Kel. Pulo Brayan Kota Jl. Jend. Sudirman 163-165
Yamin
Kec. Medan Barat Medan 20116
Jl. Moh. Yamin No.148, Kel. Olo,
Kec. Padang Barat, Padang 25117 Tuanku Tambusai
Pemuda Jl. Tuanku Tambusai 320-H Kec. Tampan
Jl. Pemuda No.14-AB Medan 20117 Kel. Labuh Baru Pekanbaru 28291
Imam Bonjol
Jl. Imam Bonjol No 21, Kel. Belakang Pondok,
AR Hakim Kec. Padang Selatan, Padang, 25211 Riau
Jl. AR Hakim 70-72 Medan 20216 Ruko Jl. riau No.20b
Bandung Panam
Jl. Bandung 42-44 Medan 20212 JAMBI Komp. Metropolitan Blok C No.116
Jl. HR Subrantas Panam Pekanbaru 28294
Asia Sutomo
Jl. Asia No. 108 Jl. Dr. Sutomo No.31 Jambi 36113 Harapan Raya
Jl. H. Imam Munandar No 247 B-C,
KS Tubun Kel. Tangkerang Utara, Kec.Bukit Raya,
Jl. Aip II KS. Tubun 1-3 Medan 20111 RIAU ISLANDS Pekanbaru
Icon BATAM
Gedung Wisma Global
Jl. Listrik/Jl. Imam Bonjol/Jl.Mayjend Sutoyo
SOUTH SUMATRA
Sei Panas
Siswomiharjo Medan 20112
Komp. Executive Center Blok I No. 1 ABC PALEMBANG
Jl. Laksamana Bintan Sei Panas
Polonia Batam 29432
Hotel Polonia Sudirman
Jl. Sudirman 14 Medan 20152 Jl. Jend. Sudirman No. 132 B Kec. Ilri Timur I
Batamindo Kel. 20 Ilir I Palembang 30129
Plaza Batamindo Lt.1 No.A1-3.
Juanda Jl. Rasamala 20 Muka Kuning Sei Beduk.
Jl. Ir. H. Juanda No. 29A Kec. Medan Polonia Kolonel Atmo
Batam 29433 Jl. Kolonel Atmo No.591 Palembang 30125
Kel. Sukadamai Medan 20152
Nagoya Mesjid Lama
Gatot Subroto Kompleks Lumbung Rezeki Blok G 6 7 8
Jl. Gatot Subroto 187-AB Medan 20112 Jl. Mesjid Lama No.110-111
Jl. Sultan A. Rahman Batam 29422
Gajah Mada Soekamto
Botania Jl. R Sukamto, Palembang
Jl. Gajah Mada No.11 Medan 20153 Komp. Pertokoan Botania Blok A2 No.1
Kel. Berlian Kec. Batam Kota Riau 29464
Marelan
Jl. Marelan Raya No. 8 Pasar IV Penuin Centre LAMPUNG
Kec. Medan Marelan Kel. Rengas Pulau Penuin Centre Blok F No.11
Marelan 20255
BANDAR LAMPUNG
PANGKAL PINANG Malahayati
DELI SERDANG Jl. Laks. Malahayati No. 34-40
Masjid Jamik Lampung 35224
Cemara Asri Jl. Masjid Jamik Kel. Masjid Jamik
Jl. Cemara Boulevard No. G1-11 dan G1-11A Kec. Rangkui Pangkal Pinang Tanjung Karang
Komplek Cemara Asri Kel. Sempali Bangka 33132 Jl. Jendral Sudirman No.7C-7D
Kec. Percut Sei Tuan Kab. Deli Serdang Bandar Lampung 35118
TANJUNG PINANG Hasanudin
TEBING TINGGI Jl. Hasanudin No.90E Bandar Lampung
Merdeka
Tebing Tinggi - Sudirman Jl. Merdeka no 11 Kel. Tanjungpinang Kota
Jl. Sudirman 175-BC Tebing Tinggi 20611 Kec. Tanjungpinang CENTRAL KALIMANTAN
Kota Tanjung Pinang 29111
RANTAU PRAPAT PALANGKARAYA
Rantau Prapat - Ahmad Yani Murjani
Jl. Ahmad Yani No.73 C-D Labuhan Batu Jl. Dr. Murjani No.9 RT 1 RW 7 Kel. Pahandut
Sumatera Utara 21412 Kec. Pahandut Palangkaraya 73112
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EAST KALIMANTAN NORTH KALIMANTAN PAPUA
BALIKPAPAN TARAKAN JAYAPURA
Ahmad Yani Karang Anyar Pasifik Permai
Jl. Jend. Ahmad Yani No. 83 Jl. Mulawarman RT 01 No 13 Komp. Jayapura Pasifik Permai D9 - 10
Kel. Gunung Sari Ilir Kec. Balikpapan Tengah Kel. karang anyar kec. tarakan barat tarakan Kel. Bhayangkara Kec. Jayapura Utara
Balikpapan 76121 Kalimantan Utara77111 Jayapura 99112
Ruko Baru
Komp. Balikpapan Baru Blok B2 No.2
SOUTHEAST SULAWESI MIMIKA
Jl.MT. Haryono Komp.Bpp.Baru
Kelurahan Damai Kuala Kencana
Kecamatan Balikpapan Selatan KENDARI
Kuala Kencana Center Suite 103 Timika
Balikpapan 76114 Papua 99920
Mandonga
MT Haryono Jl. Drs. H. Abdullah Silondae No 129
Kendari 93111
Budi Utomo
Ruko Jl. MT Haryono 10 I - 10 J Jl. Budi Utomo No.99B RT 9 RW Kel. Inauga
Kelurahan Damai Kecamatan Kec. Wania Mimika 99910
Balikpapan Selatan Balikpapan 76114
NORTH SULAWESI Ridge Camp
Plaza Agawaa Ogom Lt 3 Ridge Camp
SAMARINDA MANADO Tembagapura Timika 99967
KH Khalid Walanda Maramis Tembagapura II
Jl. KH. Khalid No.32 Samarinda 75111 Jl. walanda maramis No.137 Family Shoping Mile 68 Tembagapura
Timika - Papua 99930
Simpang Merak Mega Mas
Komplek Ruko Simpang Merak Jl. pierre tendean kawasan ruko mega mas Tembagapura I
Jl. S. Parman Blok C-24 Samarinda 75117 blok 1c No.5-6 manado 95111 Single Shoping Mile 68 Tembagapura
Timika - Papua 99930
Bung Tomo
Jl. bung tomo rt 13
SOUTH SULAWESI
SOUTH SULAWESI
MAKASSAR
SOUTH KALIMANTAN MATARAM
Ahmad Yani
BANJARMASIN Jl. Ahmad Yani No. 33 Makassar 90174 Pejanggik
Jl. Pejanggik No. 107 A 107 B Cakranegara
Pangeran Samudera Bandang Kota Mataram Nusa Tenggara Barat 83239
Jl. Pangeran Samudera No.26 Jl. Bandang No. 10-12 Makassar 90155
Banjarmasin 70111
Panakukang EAST NUSA TENGGARA
Jl. Raya Boulevard Ruko Rubby No.2
BANJARBARU Panakukang Makassar 90231
KUPANG
Ahmad yani
Jl. A. Yani KM 35 RT 005 RW 001
Lalamentik
kel. guntung paikat kec. banjarbaru selatan
MALUKU Jl. wj lalamentik
banjarbaru
AMBON
Sam Ratulangi
WEST KALIMANTAN Jl. Sam Ratulangi No.89 Kel. Honipopu
Kec. Sirimau Ambon 96127
PONTIANAK
Tanjungpura
Jl. Tanjungpura Pontianak 78117
Sultan Abdurrahman
Jl. Sultan Abdurrahman No.2-3 Kel. Akcaya
Kec. Pontianak Selatan Kalimantan Barat
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SHARIA BRANCHES SOLO PEKANBARU
Slamet Riyadi 136 (Co-location) Sudirman
HEAD OFFICE Jl. Slamet Riyadi 136 Solo 57131 Jl. Jend. Sudirman No. 255 CD
Pekanbaru 28112
Menara Sudirman
Gd. Menara Sudirman YOGYAKARTA
Jl. Jend. Sudirman Kav. 60 - Jakarta Selatan PADANG
Sudirman (Co-location)
Jl. jend. sudirman No.50 Yamin (Co-location)
JAKARTA Jl. Moh. Yamin No.148, Kel. Olo, Kec. Padang
Barat, Padang 25117
Sentraya (Co-location) SURABAYA
Menara sentraya Jl. iskandarsyah ii No.2
Kemenag Kota JAMBI
Gedung Pelayanan Haji Kantor Kementerian
TANGERANG Agama Kota Surabaya Sutomo (Co-location)
Jl. Masjid Agung Timur No. 4 Gayungan Jl. Dr. Sutomo No.31 Jambi 36113
Serpong (Co-location) Surabaya
Jl. Gading Serpong Boulevard BA 02
No.28 & 29 Gading Serpong Tangerang PALEMBANG
Banten SIDOARJO
Letkol Iskandar
Kemenag KAB. Jl Letkol Iskandar 24 Ili Palembang
TANGERANG Kantor Kementerian Agama KAB. Sidoarjo,
Jl. Mongisidi No.3, Sidoklumpuk, Sidokumpul,
Kemenag Kota Kec. Sidoarjo, Kab. Sidoarjo, MAKASSAR
Gedung Pelayanan Haji Kantor Kementrian Jawa Timur 61218
Agama Kota Tangerang, Veteran Selatan
Jl. Jendral Ahmad Yani No.8, Sukarasa, Jl. Veteran Selatan No. 92
Kota Tangerang 15111. MALANG Kel. Maricaya Selatan, Kec. Mamajang
Makassar 90114
Ahmad Yani
BOGOR Jl. A. Yani No.18 - E, Kel. Blimbing,
Kec. Blimbing, Malang 65125 BALI
Juanda (Co-location)
Jl. ir. h. juanda No. 12 bogor 16121 Kemenag KAB. Dewi Sartika
Kemenag KAB. Malang, Jalan Kolonel Jl. Dewi Sartika Blok I F-G Komp. Duta Plaza
Sugiono No.266, Gadang Kec.Sukun, Kel./Desa Dauh Puri Klod
CIREBON Malang, 65149 Kec. Denpasar Barat Denpasar 80114
Siliwangi (Co-locate)
Jl. Siliwangi No. 110 Cirebon 45123 LHOKSEUMAWE MATARAM
Suka Ramai Kuta Mandalika
BANDUNG Jl. Suka Ramai No.24 Lhokseumawe Jl. Pariwisata Kuta Baturiti Kuta Kec Pujut
Kab. Lombok Tengah
Lembong (Co-location) Nusa Tenggara Barat 83573
Jl. lembong No.7 BANDA ACEH
Kemenag Kota Peunayong SAMARINDA
Kantor Kementerian Agama Kota Bandung Jl. Sri Ratu Safiatuddin No.33-35-37
Jl. Soekarno Hatta No.498 Batununggal Kel. Peunayong Kec. Kuta Alam Banda Aceh Juanda
Bandung Kidul Kota Bandung Aceh 23122 Jl. Ir. H. Juanda No.216C Samarinda
Jawa Barat 40266
Kemenag KAB. MEDAN BANJARMASIN
Jl. Adipati Agung No 42 Baleendah
KAB. Bandung Ring Road Pangeran Samudera (Co-location)
Kompleks RX Lifestyle Avenue Jl. Pangeran Samudera No.26 Banjarmasin
No 3 & 3 A, 70111
SEMARANG Jl. Ring Road, Kelurahan Tanjung Reso,
Kecamatan Medan Sunggal, Medan, 20122
Pemuda 21B
Jl. pemuda No. 21b semarang 50139
BATAM
Kemenag Kota
Kantor Kementerian Agama Kota Semarang, Sei Panas (Co-location)
Jl. Untung Suropati, Kalipansur, Ngaliyan, Komp. Executive Center Blok I
Kota Semarang, Jawa Tengah, 50183 No.1 ABC dan 01-02,
Jl. Laksamana Bintan, Sei Panas,
Batam 29432
2024 Annual Report | PT Bank CIMB Niaga Tbk 627
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Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
DIGITAL LOUNGE DL-Supermall Karawaci
Supermall Karawaci Lt. FF.
DL-UGM
Universitas Gajah Mada Gedung FEB
Jl. Boulevard Diponegoro 105 Curug Jl. Sosio Humaniora No.1 Bulaksumur
DL-Pacific Place Ds. Bencongan Tangerang 15811 Yogyakarta 55281
Mall Pacific Place 3rd Fl. unit 3-21 SCBD
Jl. Jend Sudirman Kav.52-53 Jakarta 12920
DL-AEON Mall DL-Malioboro Mall Yogyakarta
Aeon Mall Ground Fl. unit G-52 Mal Malioboro Jogja
DL-Graha CIMB Niaga Grand Boulevard BSD City Tangerang Jl. Malioboro No. 52-58 Suryatmajan
Graha CIMB Niaga Jl. jend. sudirman kav. 58 Kec. Danurejan Kota Yogyakarta DIY
Jakarta Selatan 12190
DL-Lippo Mall Puri Yogyakarta 55213
Lippo Mall Puri Unit GF-12 Puri Indah CBD
DL-Grand Indonesia Jl. Puri Indah Raya Blok U1 Jakarta Barat DL-Tunjungan Plaza 6
Grand Indonesia Shopping Town 5 Fl.
th
Mall Tunjungan Plaza 6 Lantai 3 Unit 17A.
Jl. MH Thamrin No.1 Jakarta 10310
DL-Central Park Mall Jl. Basuki Rachmat No 107 Kedungdoro
Central Park Mall LG Unit L-218
DL-BEJ Jl. S. Parman Kav. 28 Jakarta 11470 DL-Pakuwon City Mall
Gd. BEJ Tower 2 GF Suite G 03-04 Pakuwon City Mall
Jl. Jend. Sudirman Kav.52-53 Jakarta 12190
DL-Mal Artha Gading Jl. Raya Laguna KJW Putih Tambak No.2
Jl. Artha Gading Selatan No. 1 Lantai UG Kejawaan Putih Tamba Kec. Mulyorejo
DL-Citywalk Kel. Kelapa Gading Barat Surabaya, Jawa Timur 60112
Jl. KH Mas Mansyur No. 24A Kav. 121 Kec. Kelapa Gading Jakarta Utara 14240
Jakarta Pusat 10220 DL-Pakuwon
DL-Mal Emporium Pluit Pakuwon Mall Unit B1 03 lantai basement
DL-Universitas Atmajaya Jl. Pluit Selatan Raya Kawasan CBD Pluit Jalan Puncak Indah Lontar No. 2 Surabaya
Kampus Atmajaya Ground Fl. Gedung Van Blok S-6 Lantai UG Kel. Pluit
Lith Jl. Jend. Sudirman No. 51 Jakarta 12930 Kec. Penjaringan Jakarta Utara 14440 DL-Universitas Brawijaya
Gedung Perpustakaan, Jl. Veteran,
DL-Kota Kasablanka DL-Botani Square Ketawanggede, Kec. Lowokwaru,Kota
Mall Kota Kasablanka LG 100 Botani Square Mall Lt GF Jl. Raya Pajajaran Malang, Jawa Timur 65145
Jl. Casablanca Raya Kav 88 Tegallega Bogor Tengah Kota Bogor
Jakarta Selatan 12870 Jawa Barat 16127 DL-Centre Point
Centre Point Lt. 1 Jl. Jawa No. 8 Medan
DL-Mall Gandaria City DL-AEON Mall Sentul Sumatera Utara 20231
Mall Gandaria City Lt LG Unit L-52D Aeon Mall Sentul Unit B1-20 Jl. MH. Thamrin
Jl. Sultan Iskandar Muda Citaringgul Kec. Babakan Madang Bogor DL-Podomoro City Deli Park
Kebayoran Lama Utara Jawa Barat 16810 Deli Park Podomoro City L3A-19
Jakarta Selatan 12240 Jl. Guru Patimpus No.1 Medan
DL-Universitas Katholik Parahyangan
DL-PIM 2 Universitas Katolik Parahyangan, DL-Icon Mall
Mall Pondok Indah 2 GF unit No. G33D Jl. Ciumbuleuit No.94, Hegarmanah, Palembang Icon Mall L1-06
Jl. Metro Pondok Indah Jakarta 12310 Kec. Cidadap, Kota Bandung, Jl. POM IX RT 30 RW 09 Kec. Ilir Barat
Jawa Barat 40141
DL-FISIP UI DL-Trans Studio
Universitas Indonesia FISIP Jl. Margonda DL-ITB Mall Trans Studio Makassar LG B - 05 Jln HM
Raya Pondok Cina Kecamatan Beji Jawa Gedung CRCS Lt. Dasar Kampus ITB DG Patompo Metro Tanjung Bunga Makassar
Barat 16424 Jl. Ganesha No. 10 Bandung 90224
DL-Blok M Plaza DL-Tentrem Mall DL-Universitas Hasanuddin
Blok M Plaza #1-19, Jl. Bulungan No.76, Tentrem Mall Semarang Jl. Gajahmada Lantai Dasar Gedung Perpustakaan
Jakarta Selatan No.123 Pekunden Kec. Semarang Tengah Universitas Hasanuddin Makassar, Jl. Perintis
Kota Semarang Jawa Tengah 50134 Kemerdekaan, Tamalanrea Indah Km.10, Kec.
DL-Aeon Mall Tanjung Barat Tamalanrea, Kota Makassar 90245
Aeon Mall Tanjung Barat, DL-Paragon Mall
Jl. Raya Tanjung Barat No.163, RT.12, RW.4, Solo Paragon Lt. FF. DL-Mall Galeria
Tanjung Barat, Jagakarsa, Jl. Yosodipuro No.133 Jawa Tengah 57131 Mal Bali Galeria Lantai 2A 08
Jakarta Selatan 12660 Jl. By Pass Ngurah Rai Simp.Dewa Ruci
DL-Atmajaya Denpasar 80361
DL-Pakuwon Mall Jl. Babarsari 44
Pakuwon Mall Bekasi, Yogyakarta (kerjasama) 55281
Jl. Raya Pekayon No.002, RT.001/RW.001,
Pekayon Jaya, Kec. Bekasi Selatan,
Kota Bekasi, Jawa Barat.
628 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 627
10
Consolidated Financial Statements
Consolidated Financial Statements 631
Page 628
Performance Management Company Management Risk
Highlights Report Profile Discussion & Analysis Management
630 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 629
Supporting Business Corporate Corporate Social Other Financial
Report Governance Responsibilities Corporate Data Statement
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN/
CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022/
31 DECEMBER 2024, 2023, AND 2022
Laporan Tahunan 2024 | PT Bank CIMB Niaga Tbk 631
Page 630
Page 631
Page 632
Page 633
Page 634
Page 635
Page 636
Page 637
Page 638
Page 639
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023 2022
ASET ASSETS
Kas 2e,2f,2i,4 3,650,137 3,928,446 5,439,398 Cash
Giro pada Bank Indonesia 2e,2f,2j,5 9,990,709 13,180,254 8,985,257 Current accounts with Bank Indonesia
Giro pada bank lain 2,508,917 2,703,266 2,748,458 Current accounts with other banks
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - - - impairment losses
2e,2f,2h,2j,2ah,6,48 2,508,917 2,703,266 2,748,458
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 5,047,695 4,541,702 14,878,602 and Bank Indonesia
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - (8,714) (8,808) impairment losses
2e,2f,2h,2k,7 5,047,695 4,532,988 14,869,794
Efek-efek 23,456,134 9,403,093 5,828,093 Marketable securities
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (840) (39,160) (18,428) impairment losses
2e,2f,2h,2l,8 23,455,294 9,363,933 5,809,665
Obligasi Pemerintah 2e,2f,2l,9 70,354,627 70,596,507 59,199,026 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 2f,2m,10 1,612,832 5,159,387 510,307 resale agreements
Tagihan derivatif 2e,2f,2n,11 1,184,890 849,014 969,308 Derivative receivables
Kredit yang diberikan Loans
Pihak berelasi 2f,2ah,12,48 143,085 170,757 186,295 Related parties
Pihak ketiga 2e,2f,2o,12 217,806,851 205,745,793 190,505,895 Third parties
217,949,936 205,916,550 190,692,190
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (10,451,126) (11,905,707) (13,086,850) impairment losses
2e,2f,2h,2o,2ah,12,48 207,498,810 194,010,843 177,605,340
Piutang pembiayaan konsumen 10,053,059 7,453,320 5,918,824 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (202,274) (141,776) (110,535) impairment losses
2f,2h,2p,13 9,850,785 7,311,544 5,808,289
Tagihan akseptasi 2,761,800 1,102,091 2,106,596 Acceptance receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (9,833) (8,638) (19,833) impairment losses
2e,2f,2h,2q,14 2,751,967 1,093,453 2,086,763
Penyertaan - bersih 2f,2h,2r,15 23,143 3,659 3,659 Investments - net
Aset tetap 9,412,967 9,563,327 9,744,353 Fixed assets
Dikurangi: Akumulasi penyusutan (2,609,472) (2,788,591) (2,696,685) Less: Accumulated depreciation
2w,2s,16 6,803,495 6,774,736 7,047,668
Aset takberwujud 4,793,792 4,366,593 4,254,121 Intangible assets
Dikurangi: Akumulasi amortisasi (2,749,412) (2,291,937) (2,177,301) Less: Accumulated amortisation
2t,17 2,044,380 2,074,656 2,076,820
Aset yang diambil alih 682,326 470,293 371,090 Foreclosed assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (263,160) (233,813) (136,538) impairment losses
2h,2u,18 419,166 236,480 234,552
Uang muka pajak 2ae,30a 3,192,348 1,928,984 1,384,932 Prepaid taxes
Pendapatan bunga yang masih akan diterima 2e,2f,19 3,027,711 3,414,197 2,923,768 Accrued interest income
Beban dibayar dimuka 2v,2ah,20,48 1,218,479 1,195,194 1,119,629 Prepaid expenses
Aset pajak tangguhan - bersih 2ae,30d 117,989 1,377,659 1,685,800 Deferred tax assets - net
Aset lain-lain 5,639,882 5,136,741 6,895,953 Other assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (172,746) (502,708) (650,087) impairment losses
2f,2h,2v,2w,2ah,21,48 5,467,136 4,634,033 6,245,866
JUMLAH ASET 360,220,510 334,369,233 306,754,299 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these
terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements.
Halaman – 1/1 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 640
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 2f,2x,2ah,22,48 4,473,871 3,581,921 3,705,094 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro Demand deposits
Pihak berelasi 2e,2ah,23,48 377,995 218,631 230,104 Related parties
Pihak ketiga 2e,2f,2y,23 91,410,139 72,983,172 70,109,912 Third parties
91,788,134 73,201,803 70,340,016
Tabungan Saving deposits
Pihak berelasi 2e,2ah,24,48 301,857 253,790 239,909 Related parties
Pihak ketiga 2e,2f,2y,24 79,977,214 77,177,034 73,845,627 Third parties
80,279,071 77,430,824 74,085,536
Deposito berjangka Time deposits
Pihak berelasi 2e,2ah,25,48 27,171 39,175 37,237 Related parties
Pihak ketiga 2e,2f,2y,25 88,544,651 85,189,868 82,725,768 Third parties
88,571,822 85,229,043 82,763,005
Jumlah simpanan dari nasabah 260,639,027 235,861,670 227,188,557 Total deposits from customers
Simpanan dari bank lain Deposits from other banks
Giro dan tabungan 2e,2f,2y,2ah,26,48 3,128,574 1,505,795 1,146,863 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
deposito berjangka 2e,2f,2y,27 2,830,894 254,652 1,359,149 time deposits
5,959,468 1,760,447 2,506,012
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 2f,2m,10 11,288,963 20,426,826 6,062,727 repurchase agreement
Liabilitas derivatif 2e,2f,2n,2ah,11 906,630 540,051 701,179 Derivative payables
Liabilitas akseptasi 2e,2f,2q,14 2,761,800 1,102,091 2,106,596 Acceptance payables
Efek-efek yang diterbitkan 2f,2z,28 1,687,452 2,297,702 1,704,938 Marketable securities issued
Pinjaman yang diterima 2e,2f,2aa,29 8,487,935 6,288,525 3,425,409 Borrowings
Utang pajak 2ae,30b Taxes payable
- Pajak penghasilan badan induk perusahaan 181,410 163,942 249,103 Corporate income taxes of parent company -
- Pajak lain-lain 165,865 270,911 275,240 Other taxes -
347,275 434,853 524,343
Beban yang masih harus dibayar Accruals and other
dan liabilitas lain-lain liabilities
- Beban yang masih harus dibayar 2f,2ah,31a,48 2,420,531 3,312,528 4,148,630 Accruals -
- Liabilitas lain-lain 2f,31b 6,367,313 7,729,034 7,714,218 Other liabilities -
8,787,844 11,041,562 11,862,848
Liabilitas imbalan kerja 2af,44 1,609,404 1,540,595 1,462,022 Employee benefit obligations
Pinjaman subordinasi 2f,2aa,2ah,32,48 74,514 155,619 228,311 Subordinated loans
JUMLAH LIABILITAS 307,024,183 285,031,862 261,478,036 TOTAL LIABILITIES
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these
terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements.
Halaman – 1/2 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 641
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023 2022
EKUITAS EQUITY
Ekuitas diatribusikan kepada Equity attributable to
pemilik entitas induk owners of the parent
Modal saham Share capital
Modal dasar 71.853.936 Authorised capital 71,853,936
saham biasa kelas A, dengan class A ordinary shares with
nilai nominal Rp 5.000 (nilai penuh) par value of Rp 5,000 (full
per saham dan 50.814.606.400 amount) per share, and
saham biasa kelas B, 50,814,606,400 class B
dengan nilai nominal Rp 50 ordinary shares with par value
(nilai penuh) per saham of Rp 50 (full amount) per share
Modal ditempatkan dan disetor penuh Issued and fully paid
71.853.936 lembar saham biasa kelas A pada tanggal 71,853,936 class A ordinary shares as at
31 Desember 2024, 2023 dan 2022 dan 31 December 2024, 2023 and 2022 and
saham biasa kelas B sebanyak 25.070.351.907 lembar pada class B ordinary shares total 25,070,351,907 shares
tanggal 31 Desember 2024 dan 25.059.752,907 lembar as at 31 December 2024 and 25,059,752,907 shares
pada tanggal 31 Desember 2023 dan 2022 33 1,612,787 1,612,257 1,612,257 as at 31 December 2023 and 2022
Tambahan modal disetor 2c 7,135,003 7,068,257 7,033,450 Additional paid in capital
Transaksi dengan kepentingan nonpengendali (35,723) (35,723) (35,723) Transactions with non-controlling interest
Saham tresuri 2ai (5,649) (135,104) (249,459) Treasury shares
Cadangan kompensasi berbasis saham 45 90,994 137,123 137,105 Share-based compensation reserve
Selisih penilaian kembali aset tetap 2s,16 4,176,647 4,181,209 4,180,033 Reserve on revaluation of fixed assets
Kerugian yang belum direalisasi Unrealised losses of marketable securities and
atas efek-efek dan obligasi pemerintah dalam kelompok government bonds on fair value through
nilai wajar melalui penghasilan komprehensif lain - bersih 2l (963,166) (879,270) (1,148,728) other comprehensive income - net
Cadangan umum dan wajib 34 371,525 351,538 351,538 General and statutory reserve
Saldo laba 40,616,769 36,892,257 33,311,417 Retained earnings
52,999,187 49,192,544 45,191,890
Kepentingan nonpengendali 2c,49a 197,140 144,827 84,373 Non-controlling interest
JUMLAH EKUITAS 53,196,327 49,337,371 45,276,263 TOTAL EQUITY
JUMLAH LIABILITAS TOTAL LIABILITIES
DAN EKUITAS 360,220,510 334,369,233 306,754,299 AND EQUITY
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these
terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements.
Halaman – 1/3 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 642
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023 2022
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
OPERASIONAL FROM OPERATIONS
Pendapatan bunga 2ab,2ah,35,48 18,946,873 17,388,452 15,557,710 Interest income
Pendapatan syariah 2ab,2ah,35,61 5,280,443 4,917,548 3,556,484 Sharia income
Beban bunga 2ab,2ah,36,48 (7,856,718) (6,274,456) (4,040,984) Interest expense
Beban syariah 2ab,2ah,36,61 (3,104,058) (2,679,161) (1,597,072) Sharia expense
Pendapatan bunga dan syariah - bersih 13,266,540 13,352,383 13,476,138 Net interest and sharia income
Pendapatan operasional lainnya: Other operating income:
Provisi dan komisi lainnya 2ac,2ah,37,48 3,002,087 3,154,830 2,413,405 Other fees and commissions
Keuntungan/(kerugian) transaksi mata uang asing 2e 764,866 176,255 (472,930) Foreign exchange gains/(losses)
Lain-lain 2ak 931,979 479,126 754,733 Others
Jumlah pendapatan operasional lainnya 4,698,932 3,810,211 2,695,208 Total other operating income
Kerugian penurunan nilai atas aset keuangan Impairment losses on financial
dan nonkeuangan - bersih 2h,38 (1,805,250) (2,006,613) (3,813,709) and non-financial assets - net
Keuntungan dari instrumen keuangan yang Gains from financial instruments measured at
diukur pada nilai wajar melalui laba rugi - bersih 2n,2l,39 465,526 1,097,419 1,953,932 fair value through profit or loss - net
Keuntungan dari penjualan efek-efek - bersih 2l,40 486,538 525,507 740,443 Gains from sale of marketable securities - net
Beban operasional lainnya: Other operating expenses:
Beban tenaga kerja 2ad,41 (5,135,231) (4,947,412) (4,675,107) Personnel expenses
Beban umum dan administrasi 2ad,42 (3,678,228) (3,615,769) (3,758,285) General and administrative expenses
Pembalikan/(beban) lain-lain 64,060 (20,346) (50,258) Other reversal/(expenses)
Jumlah beban operasional lainnya (8,749,399) (8,583,527) (8,483,650) Total other operating expenses
LABA OPERASIONAL BERSIH 8,362,887 8,195,380 6,568,362 NET OPERATING INCOME
PENDAPATAN BUKAN OPERASIONAL INCOME FROM NON OPERATIONS
Pendapatan bukan operasional - bersih 43 365,900 161,892 10,970 Non operating income - net
LABA SEBELUM PAJAK INCOME BEFORE
PENGHASILAN 8,728,787 8,357,272 6,579,332 INCOME TAX
BEBAN PAJAK PENGHASILAN 2ae,30c (1,829,853) (1,805,871) (1,482,561) INCOME TAX EXPENSE
LABA BERSIH 6,898,934 6,551,401 5,096,771 NET INCOME
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these
terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements.
Halaman – 2/1 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 643
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023 2022
Laba bersih 6,898,934 6,551,401 5,096,771 Net income
Penghasilan komprehensif lain: Other comprehensive income:
Pos-pos yang tidak akan direklasifikasi ke laba rugi Items that will not be reclassified to profit or loss
Pengukuran kembali atas program imbalan pasti Remeasurement of post employment
(kerugian)/keuntungan aktuarial 2af (3,584) (26,814) (67,625) benefits obligation actuarial (losses)/gains
Selisih penilaian kembali aset tetap 2s,16 (4,592) 1,176 757,274 Reserve on revaluation of fixed assets
(8,176) (25,638) 689,649
Pajak penghasilan terkait pos-pos yang tidak Income tax relating to item that will not be
akan direklasifikasi ke laba rugi 30d 2,953 4,976 16,423 reclassified to profit or loss
(5,223) (20,662) 706,072
Pos-pos yang akan direklasifikasi ke laba rugi Item that will be reclassified to profit or loss
(Kerugian)/keuntungan yang belum direalisasi atas perubahan Unrealised (losses)/gains from changes in fair value of
nilai wajar dari efek-efek dan obligasi pemerintah dalam marketable securities and government bonds on
kelompok nilai wajar melalui penghasilan komprehensif lain (138,457) 299,060 (1,934,410) fair value through other comprehensive income
Pajak penghasilan terkait pos-pos yang Income tax relating to item that will be
akan direklasifikasi ke laba rugi 30d 54,561 (29,602) 324,125 reclassified to profit or loss
(83,896) 269,458 (1,610,285)
PENGHASILAN KOMPREHENSIF LAIN - OTHER COMPREHENSIVE INCOME -
SETELAH PAJAK (89,119) 248,796 (904,213) NET OF TAX
JUMLAH PENGHASILAN KOMPREHENSIF 6,809,815 6,800,197 4,192,558 TOTAL COMPREHENSIVE INCOME
Laba bersih yang dapat diatribusikan
kepada: Net income attributable to:
Pemilik entitas induk 6,825,773 6,474,195 5,041,781 Equity holders of the parent
Kepentingan nonpengendali 49b 73,161 77,206 54,990 Non-controlling interest
6,898,934 6,551,401 5,096,771
Jumlah penghasilan komprehensif yang Total comprehensive income
dapat diatribusikan kepada: attributable to:
Pemilik entitas induk 6,735,811 6,723,316 4,135,356 Equity holders of the parent
Kepentingan nonpengendali 49a 74,004 76,881 57,202 Non-controlling interest
6,809,815 6,800,197 4,192,558
LABA PER SAHAM EARNINGS PER SHARE
(dalam nilai penuh Rupiah (expressed in Rupiah full
per saham) 2ag,46 amount per share)
Dasar 271.59 259.45 202.21 Basic
Dilusian 271.59 259.45 202.21 Diluted
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these
terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements.
Halaman – 2/2 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 644
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent
Kerugian
yang belum direalisasi
atas efek-efek dan
obligasi pemerintah
diukur pada nilai wajar
melalui penghasilan Saldo laba yang telah
komprehensif lain - ditentukan
bersih/ penggunaannya -
Transaksi dengan Cadangan Selisih penilaian Unrealised losses on cadangan umum dan
kepentingan non- kompensasi kembali aset fair value through other wajib/ Saldo laba yang belum
Tambahan modal pengendali/ berbasis saham/ tetap/ comprehensive income Appropriated ditentukan
disetor/ Transaction with Share based Reserve on marketable securities retained earnings - penggunaannya*) / Kepentingan
Catatan/ Modal saham/ Additional paid-in non-controlling compensation revaluation of and government bonds Saham tresuri/ general and statutory Unappropriated nonpengendali/ Non- Jumlah ekuitas/
Notes Share capital capital interest reserve fixed assets - net Treasury shares reserve retained earnings*) Jumlah/ Total controlling interest Total equity
\
Saldo 1 Januari 2024 1,612,257 7,068,257 (35,723) 137,123 4,181,209 (879,270) (135,104) 351,538 36,892,257 49,192,544 144,827 49,337,371 Balance as at 1 January 2024
Jumlah laba komprehensif Total comprehensive income
periode berjalan: for the current period:
- Laba bersih - - - - - - - - 6,825,773 6,825,773 73,161 6,898,934 Net income -
- Penghasilan komprehensif lain *) 2l,2af,8,9,16,49 - - - - (4,562) (83,896) - - (1,504) (89,962) 843 (89,119) Other comprehensive income *) -
PT Bank CIMB Niaga Tbk | 2024 Annual Report
- - - - (4,562) (83,896) - - 6,824,269 6,735,811 74,004 6,809,815
Transaksi dengan pemilik dalam Transaction with owners in their
kapasitasnya sebagai pemilik: capacity as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2023 - - - - - - - - (3,084,362) (3,084,362) (21,678) (3,106,040) on 2023 financial year net income
- Pelepasan saham tresuri 33 - 66,746 - - - - 129,455 - - 196,201 - 196,201 Issuance of treasury shares -
- Pembentukan cadangan umum - - - - - - - 19,987 (19,987) - - - Allocation for general reserve -
- Pembalikan cadangan kompensasi berbasis saham 45 - - - (46,129) - - - - - (46,129) - (46,129) Reversal of share based compensation reserve -
- Penerbitan saham biasa 33 530 - - - - - - - - 530 - 530 Issuance of ordinary share -
- Penjualan aset tetap revaluasian - - - - - - - - 4,592 4,592 - 4,592 Sale of revalued fixed assets -
- Perubahan kepentingan nonpengendali atas transaksi Changes in non-controlling interests due to other transactions -
lainnya dengan kepentingan nonpengendali - - - - - - - - - - (13) (13) with non-controlling interests
530 66,746 - (46,129) - - 129,455 19,987 (3,099,757) (2,929,168) (21,691) (2,950,859)
Saldo 31 Desember 2024 1,612,787 7,135,003 (35,723) 90,994 4,176,647 (963,166) (5,649) 371,525 40,616,769 52,999,187 197,140 53,196,327 Balance as at 31 December 2024
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya adalah Included in unappropriated retained earnings are the *)
pengukuran kembali atas program imbalan pasti setelah pajak remeasurement of post employment benefits obligation net of tax
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated financial statements.
terpisahkan dari laporan keuangan konsolidasian.
Halaman – 3/1 – Page
Page 645
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent
Keuntungan/(kerugian)
yang belum direalisasi
atas efek-efek dan
obligasi pemerintah
diukur pada nilai wajar
melalui penghasilan
komprehensif lain - Saldo laba yang telah
bersih/ ditentukan
Unrealised penggunaannya -
Transaksi dengan Cadangan Selisih penilaian gains/(losses) on fair cadangan umum dan
kepentingan non- kompensasi kembali aset value through other wajib/ Saldo laba yang belum
Tambahan modal pengendali/ berbasis saham/ tetap/ comprehensive income Appropriated ditentukan
disetor/ Transaction with Share based Reserve on marketable securities retained earnings - penggunaannya*) / Kepentingan
Catatan/ Modal saham/ Additional paid-in non-controlling compensation revaluation of and government bonds Saham treasuri/ general and statutory Unappropriated nonpengendali/ Non- Jumlah ekuitas/
Notes Share capital capital interest reserve fixed assets - net Treasury shares reserve retained earnings*) Jumlah/ Total controlling interest Total equity
\
Saldo 1 Januari 2023 1,612,257 7,033,450 (35,723) 137,105 4,180,033 (1,148,728) (249,459) 351,538 33,311,417 45,191,890 84,373 45,276,263 Balance as at 1 January 2023
Jumlah laba komprehensif Total comprehensive income
tahun berjalan: for the current year:
- Laba bersih - - - - - - - - 6,474,195 6,474,195 77,206 6,551,401 Net income -
- Penghasilan komprehensif lain *) 2l,2af,8,9,16,49 - - - - 1,176 269,458 - - (21,513) 249,121 (325) 248,796 Other comprehensive income *) -
- - - - 1,176 269,458 - - 6,452,682 6,723,316 76,881 6,800,197
Transaksi dengan pemilik dalam Transaction with owners in their
kapasitasnya sebagai pemilik: capacity as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2022 - - - - - - - - (2,871,842) (2,871,842) (16,492) (2,888,334) on 2022 financial year net income
- Pelepasan saham tresuri 33 - 34,807 - - - - 114,355 - - 149,162 65 149,227 Issuance of treasury shares -
- Penambahan cadangan kompensasi berbasis saham 45 - - - 18 - - - - - 18 - 18 Addition of share based compensation reserve -
- 34,807 - 18 - - 114,355 - (2,871,842) (2,722,662) (16,427) (2,739,089)
Saldo 31 Desember 2023 1,612,257 7,068,257 (35,723) 137,123 4,181,209 (879,270) (135,104) 351,538 36,892,257 49,192,544 144,827 49,337,371 Balance as at 31 December 2023
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya adalah Included in unappropriated retained earnings are the *)
pengukuran kembali atas program imbalan pasti setelah pajak remeasurement of post employment benefits obligation net of tax
2024 Annual Report | PT Bank CIMB Niaga Tbk
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated financial statements.
terpisahkan dari laporan keuangan konsolidasian.
Halaman – 3/2 – Page
Page 646
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent
Keuntungan/(kerugian)
yang belum direalisasi
atas efek-efek dan
obligasi pemerintah
diukur pada nilai wajar
melalui penghasilan
komprehensif lain - Saldo laba yang telah
bersih/ ditentukan
Unrealised penggunaannya -
Transaksi dengan Cadangan Selisih penilaian gains/(losses) on fair cadangan umum dan
kepentingan kompensasi kembali aset value through other wajib/ Saldo laba yang belum
Tambahan modal nonpengendali/ berbasis saham/ tetap/ comprehensive income Appropriated ditentukan
disetor/ Transaction with Share-based Reserve on marketable securities retained earnings - penggunaannya*) / Kepentingan
Catatan/ Modal saham/ Additional paid-in non-controlling compensation revaluation of and government bonds Saham treasuri/ general and statutory Unappropriated nonpengendali/ Non- Jumlah ekuitas/
Notes Share capital capital interest reserve fixed assets - net Treasury shares reserve retained earnings*) Jumlah/ Total controlling interest Total equity
\
Saldo 1 Januari 2022 1,612,257 7,033,450 (35,723) 115,025 3,422,692 461,557 (252,477) 351,538 30,668,803 43,377,122 11,236 43,388,358 Balance as at 1 January 2022
Jumlah laba komprehensif Total comprehensive income
tahun berjalan: for the current year:
PT Bank CIMB Niaga Tbk | 2024 Annual Report
- Laba bersih - - - - - - - - 5,041,781 5,041,781 54,990 5,096,771 Net income -
- Penghasilan komprehensif lain *) 2l,2af,8,9,16,49 - - - - 757,341 (1,610,285) - - (53,481) (906,425) 2,212 (904,213) Other comprehensive income *) -
- - - - 757,341 (1,610,285) - - 4,988,300 4,135,356 57,202 4,192,558
Transaksi dengan pemilik dalam Transaction with owners in their
kapasitasnya sebagai pemilik: capacity as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2021 - - - - - - - - (2,345,686) (2,345,686) (4,065) (2,349,751) on 2021 financial year net income
- Pelepasan saham treasuri 33 - - - - - - 3,018 - - 3,018 - 3,018 Issuance of treasury shares -
- Penerbitan saham baru oleh anak perusahaan 1c - - - - - - - - - - 20,000 20,000 Issuance of new shares by subsidiaries -
- Penambahan cadangan kompensasi berbasis saham 45 - - - 22,080 - - - - - 22,080 - 22,080 Addition of share based compensation reserve -
- - - 22,080 - - 3,018 - (2,345,686) (2,320,588) 15,935 (2,304,653)
Saldo 31 Desember 2022 1,612,257 7,033,450 (35,723) 137,105 4,180,033 (1,148,728) (249,459) 351,538 33,311,417 45,191,890 84,373 45,276,263 Balance as at 31 December 2022
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya adalah Included in unappropriated retained earnings are the *)
pengukuran kembali atas program imbalan pasti setelah pajak remeasurement of post employment benefits obligation net of tax
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated financial statements.
terpisahkan dari laporan keuangan konsolidasian.
Halaman – 3/3 – Page
Page 647
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023 2022
Arus kas dari aktivitas operasi Cash flow from operating activities
Pendapatan bunga, provisi, dan komisi yang diterima 27,615,905 24,970,474 21,549,293 Receipt of interest, fees, and commissions income
Bunga, provisi, dan komisi yang dibayar (11,800,663) (8,680,466) (5,302,931) Payments of interest, fees, and commissions
Penghasilan operasional lainnya yang diterima 931,979 479,126 754,733 Other operating income received
Keuntungan transaksi mata uang asing Gains of foreign exchange
dan derivatif - bersih 1,364,865 1,211,885 1,485,008 and derivatives transactions - net
Beban operasional lainnya (6,675,413) (6,132,729) (9,608,079) Other operating expenses
Pendapatan bukan operasional - bersih 430,230 162,758 225,053 Non-operating income - net
Pajak penghasilan yang dibayar selama
tahun berjalan (475,959) (1,662,666) (1,703,339) Income tax paid during the year
Arus kas sebelum perubahan dalam Cash flow before changes in
aset dan liabilitas operasi 11,390,944 10,348,382 7,399,738 operating assets and liabilities
Perubahan dalam aset dan liabilitas: Changes in assets and liabilities :
Penurunan/(kenaikan) aset: Decrease/(increase) in assets:
Efek-efek dan Obligasi Pemerintah Fair value through profit or loss marketable securities
untuk tujuan diukur pada nilai wajar melalui laba rugi (4,017,481) (9,355,699) (1,736,799) and Government Bonds
Efek-efek yang dibeli dengan janji dijual kembali 3,546,555 (4,649,080) 1,079,349 Securities purchased under resale agreements
Kredit yang diberikan (14,903,579) (18,136,127) (16,754,365) Loans
Tagihan akseptasi (1,659,709) 1,004,505 497,011 Acceptance receivables
Piutang pembiayaan konsumen (2,900,948) (1,796,613) (1,624,579) Consumer financing receivables
Kenaikan/(penurunan) liabilitas: Increase/(decrease) in liabilities:
Simpanan dari nasabah 20,169,736 8,120,334 (8,999,546) Deposits from customers
Simpanan dari bank lain 4,199,021 (745,565) (553,439) Deposits from other banks
Efek-efek yang dijual dengan janji dibeli kembali (9,137,863) 14,364,099 4,800,495 Securities sold under repurchase agreement
Liabilitas akseptasi 1,659,709 (1,004,505) (497,011) Acceptance payables
Utang pajak (124,448) 53,293 28,715 Taxes payable
Kas bersih yang diperoleh dari/(digunakan untuk) Net cash provided from/(used in)
aktivitas operasi 8,221,937 (1,796,976) (16,360,431) operating activities
Arus kas dari aktivitas investasi Cash flow from investing activities
Penambahan atas penyertaan 15 (20,000) - - Addition in investments
Pembelian efek-efek dan Obligasi Purchase of fair value through other comprehensive income
Pemerintah - diukur pada nilai wajar melalui penghasilan and amortised cost marketable
komprehensif lain dan biaya perolehan diamortisasi (55,895,912) (15,393,347) (25,096,310) securities and Government Bonds
Penjualan efek-efek dan Obligasi Sell of fair value through other comprehensive income
Pemerintah - diukur pada nilai wajar melalui penghasilan and amortised cost marketable
komprehensif lain dan biaya perolehan diamortisasi 49,133,878 10,092,371 31,884,818 securities and Government Bonds
Hasil penjualan aset tetap 16 8,382 5,848 18,955 Proceeds from sale of fixed assets
Pembelian aset tetap 16 (512,900) (284,346) (301,587) Acquisition of fixed assets
Pembelian aset takberwujud 17 (441,438) (418,963) (511,322) Acquisition of intangible assets
Kas bersih yang (digunakan untuk)/diperoleh dari Net cash (used in)/provided from
aktivitas investasi (7,727,990) (5,998,437) 5,994,554 investing activities
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part
terpisahkan dari laporan keuangan konsolidasian. of these consolidated financial statements.
Halaman – 4/1 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 648
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2024 2023 2022
Arus kas dari aktivitas pendanaan Cash flow from financing activities
Pelepasan saham treasuri 2ai,33 129,455 - - Issuance treasury shares
Efek-efek yang diterbitkan 1,000,000 1,000,000 - Marketable securities issued
Pembayaran dari pinjaman yang diterima (10,235,264) (1,822,601) (1,990,237) Payment from borrowings
Pembayaran pokok dan bunga dari obligasi dan Payment of principal and interest from
efek-efek yang diterbitkan (1,792,236) (584,851) (4,044,897) bonds and marketable securities issued
Penambahan atas pinjaman yang diterima 13,423,500 4,683,520 3,442,340 Addition of borrowings
Penambahan modal saham 530 - - Addition of shares equity
Pembayaran atas pinjaman subordinasi (83,000) (75,000) - Payment of subordinated loans
Pembayaran liabilitas sewa (179,750) - - Payment of lease liabilities
Pembayaran dividen (3,106,040) (2,871,842) (2,345,686) Dividend paid
Kas bersih yang (digunakan untuk)/diperoleh dari Net cash (used in)/provided from
aktivitas pendanaan (842,805) 329,226 (4,938,480) financing activities
Pengaruh perubahan kurs mata uang Effects on exchange rate differences
pada kas dan setara kas 203,035 (102,346) 339,913 in cash and cash equivalent
Penurunan bersih kas dan setara kas (145,823) (7,568,533) (14,964,444) Net decrease in cash and cash equivalent
Kas dan setara kas pada awal tahun 24,483,182 32,051,715 47,016,159 Cash and cash equivalent at beginning of the year
Kas dan setara kas pada akhir tahun 24,337,359 24,483,182 32,051,715 Cash and cash equivalent at end of the year
Kas dan setara kas terdiri dari: Cash and cash equivalent consist of:
Kas 2e,2f,2h,2i,4,5,6,7,8 3,650,137 3,928,446 5,439,398 Cash
Giro pada Bank Indonesia 9,990,709 13,180,254 8,985,257 Current accounts with Bank Indonesia
Giro pada bank lain 2,508,917 2,703,266 2,748,458 Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia
jangka waktu jatuh tempo tiga bulan atau mature within three months or less
kurang sejak tanggal perolehan 5,047,695 4,541,702 14,878,602 since acquisition date
Sekuritas Rupiah Bank Indonesia Bank Indonesia Rupiah Securities
jangka waktu jatuh tempo tiga bulan atau mature within three months or less
kurang sejak tanggal perolehan 3,139,901 129,514 - since acquisition date
Jumlah kas dan setara kas 24,337,359 24,483,182 32,051,715 Total cash and cash equivalents
Informasi tambahan arus kas: Supplemental cash flows information:
Aktivitas yang tidak mempengaruhi arus kas - - - Activities not affecting cash flows
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part
terpisahkan dari laporan keuangan konsolidasian. of these consolidated financial statements.
Halaman – 4/2 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 649
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2023 Cash flow Amortisation of discount and premium Foreign currency movement 2024
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 24,483,182 (348,858) - 203,035 24,337,359 Cash and cash equivalents
Investasi likuid 458,785 (186,716) - - 272,069 Liquid investments
Efek-efek yang diterbitkan (2,297,702) 614,022 (3,772) - (1,687,452) Marketable securities issued
Pinjaman yang diterima (6,288,525) (2,199,410) - - (8,487,935) Borrowings
Pinjaman subordinasi (155,619) 81,105 - - (74,514) Subordinated loans
Utang bersih 16,200,121 (2,039,857) (3,772) 203,035 14,359,527 Net debt
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2022 Cash flow Amortisation of discount and premium Foreign currency movement 2023
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 32,051,715 (7,466,187) - (102,346) 24,483,182 Cash and cash equivalents
Investasi likuid 302,056 156,730 - - 458,785 Liquid investments
Efek-efek yang diterbitkan (1,704,938) (589,516) (3,248) - (2,297,702) Marketable securities issued
Pinjaman yang diterima (3,425,409) (2,863,116) - - (6,288,525) Borrowings
Pinjaman subordinasi (228,311) 72,692 - - (155,619) Subordinated loans
Utang bersih 26,995,113 (10,689,398) (3,248) (102,346) 16,200,121 Net debt
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2021 Cash flow Amortisation of discount and premium Foreign currency movement 2022
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 47,016,159 (15,304,357) - 339,913 32,051,715 Cash and cash equivalents
Investasi likuid 219,809 82,247 - - 302,056 Liquid investments
Efek-efek yang diterbitkan (5,369,228) 3,667,000 (2,710) - (1,704,938) Marketable securities issued
Pinjaman yang diterima (1,973,306) (1,452,103) - - (3,425,409) Borrowings
Pinjaman subordinasi (226,143) - (2,168) - (228,311) Subordinated loans
Utang bersih 39,667,291 (13,007,213) (4,878) 339,913 26,995,113 Net debt
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part
terpisahkan dari laporan keuangan konsolidasian. of these consolidated financial statements.
Halaman – 4/3 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 650
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM 1. GENERAL INFORMATION
a. Pendirian dan informasi umum a. Establishment and general information
PT Bank CIMB Niaga Tbk (“Bank CIMB Niaga” atau PT Bank CIMB Niaga Tbk (“Bank CIMB Niaga" or the
“Bank”) didirikan menurut hukum yang berlaku di “Bank”) was established in accordance with laws
Indonesia, berdasarkan Akta Pendirian Perusahaan applicable in Indonesia by Notarial Deed No. 90 made
No. 90 yang dibuat di hadapan Raden Meester by Raden Meester Soewandi, notary in Jakarta dated
Soewandi, notaris di Jakarta tanggal 26 September 1955, which was amended by deed No. 9
26 September 1955 dan diubah dengan akta dari of the same notary dated 4 November 1955. These
notaris yang sama No. 9 tanggal 4 November 1955. deeds were approved by the Minister of Justice of the
Akta-akta pendirian ini disahkan oleh Menteri Republic of Indonesia (currently Minister of Law and
Kehakiman Republik Indonesia (sekarang Menteri Human Rights) through decision letter No. J.A.5/110/15
Hukum dan Hak Asasi Manusia) dengan surat dated 1 December 1955 and was published in
keputusan No. J.A.5/110/15 tanggal 1 Desember Supplement No. 729/1956 to the State Gazette of the
1955 dan diumumkan dalam Berita Negara Republik Republic of Indonesia No. 71 dated 4 September 1956.
Indonesia No. 71 tanggal 4 September 1956,
Tambahan Berita Negara No. 729/1956.
Setelah pendiriannya, Anggaran Dasar Bank CIMB After its establishment, Bank CIMB Niaga’s Articles of
Niaga telah mengalami beberapa kali perubahan, Association have been amended several times, where
dimana perubahan terakhir adalah berdasarkan the latest amendments are pursuant to Notarial Deed
Akta No. 54 tanggal 25 Oktober 2024, yang dibuat di No. 54 dated 25 October 2024, made by Notary Ashoya
hadapan Notaris Ashoya Ratam, S.H., M.Kn., di mana Ratam, S.H., M.Kn., which amendment was approved
perubahan tersebut telah disetujui oleh by the Minister of Law and Human Rights of
Menteri Hukum dan Asasi Manusia Republik the Republic of Indonesia in its letter
Indonesia No. AHU-AH.01.03-0209390 tanggal No. AHU-AH.01.03-0209390 dated 08 November 2024.
08 November 2024.
Berdasarkan Pasal 3 Anggaran Dasar Bank CIMB According to Article 3 of its Articles of Association, Bank
Niaga, ruang lingkup kegiatan Bank CIMB Niaga CIMB Niaga’s scope of activities is to conduct general
adalah melakukan usaha di bidang perbankan sesuai banking services in accordance with the prevailing laws
dengan undang-undang dan peraturan yang berlaku, and regulations, and to engage in other banking
dan melakukan kegiatan perbankan lainnya activities based on Sharia principles. Bank CIMB Niaga
berdasarkan prinsip Syariah. Bank CIMB Niaga mulai had started its banking activities based on the Sharia
melakukan kegiatan perbankan berdasarkan prinsip principles on 27 September 2004.
Syariah pada tanggal 27 September 2004.
Bank CIMB Niaga memperoleh izin usaha sebagai Bank CIMB Niaga had obtained the license to operate
bank umum, bank devisa, dan bank yang melakukan as a commercial bank, a foreign exchange bank, and a
kegiatan berdasarkan prinsip Syariah masing-masing bank engaged in activities based on Sharia principles
berdasarkan surat keputusan Menteri Keuangan based on the decision letter of the Minister of Finance of
Republik Indonesia No. 249544/U.M.II tanggal the Republic of Indonesia No. 249544/U.M.II dated
11 November 1955, surat keputusan Dewan Direksi 11 November 1955, the decision letter of the Board of
BI No. 7/116/Kep/Dir/UD tanggal 22 November 1974, Directors of BI No. 7/116/Kep/Dir/UD dated
dan surat keputusan Gubernur BI 22 November 1974, and the decision letter of the
No. 6/71/KEP.GBI/2004 tanggal 16 September 2004. Governor of BI No. 6/71/KEP.GBI/2004 dated
16 September 2004.
Halaman – 5/1 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 651
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
a. Pendirian dan informasi umum (lanjutan) a. Establishment and general information (continued)
Sejak berdirinya, Bank CIMB Niaga telah mengalami Since establishment, Bank CIMB Niaga had 4 (four)
4 (empat) kali penggabungan usaha, yaitu: mergers, on:
• Tanggal 22 Oktober 1973 dengan PT Bank • 22 October 1973 with PT Bank Agung;
Agung;
• Tanggal 30 November 1978 dengan PT Bank • 30 November 1978 with PT Bank Tabungan
Tabungan Bandung; Bandung;
• Tanggal 17 Oktober 1983 dengan PT Bank • 17 October 1983 with PT Bank Amerta; and
Amerta; dan
• Tanggal 1 November 2008 dengan PT Bank • 1 November 2008 with PT Bank Lippo Tbk.
Lippo Tbk.
Kantor Pusat Bank CIMB Niaga berlokasi di Bank CIMB Niaga’s head office is located at Jl. Jend.
Jl. Jend. Sudirman Kav. 58, Jakarta. Pada tanggal Sudirman Kav. 58, Jakarta. As at 31 December 2024,
31 Desember 2024, kantor cabang domestik, kantor Bank CIMB Niaga’s domestic branches, domestic
cabang pembantu domestik, kantor pembayaran supporting branches, domestic payment points,
domestik, unit cabang Syariah domestik, dan kantor domestic Sharia unit branches, and Sharia service
layanan Syariah Bank CIMB Niaga tersebar di 28 offices are located in 28 (twenty eight) provinces
(dua puluh delapan) provinsi di seluruh Indonesia. throughout Indonesia. As at 31 December 2024, the
Pada tanggal 31 Desember 2024, jumlah jaringan number of Bank CIMB Niaga’s branches and
cabang-cabang dan kantor-kantor pembantu Bank representative offices were as follows (unaudited):
CIMB Niaga adalah sebagai berikut (tidak diaudit):
2024 2023 2022
Kantor cabang domestik 60 60 60 Domestic branches
Kantor cabang pembantu domestik 257 266 271 Domestic support branches
Kas mobil 33 33 34 Mobile cash
Kantor Kas/Kios 24 20 18 Cash Office/Kiosk
Kantor cabang Syariah domestik 24 24 24 Domestic Sharia unit branches
Kantor cabang pembantu Syariah domestik Domestic Sharia support branches
dan Kantor kas Syariah 9 9 10 and Sharia cash Office
Kantor layanan Syariah 335 341 343 Sharia service offices
Automated Teller Machine ("ATM") 2,282 2,982 3,278 Automated Teller Machine ("ATM")
Cash Remittance Machine ("CRM") 977 907 925 Cash Remittance Machine ("CRM")
Multidenom Deposit Machine ("MDM") 6 4 4 Multidenom Deposit Machine ("MDM")
CIMB Group Holdings Berhad adalah pemegang CIMB Group Holdings Berhad is 100% shareholder of
100% saham CIMB Group Sdn Bhd, yang CIMB Group Sdn Bhd, which is the shareholder of
merupakan pemegang 91,44% saham Bank CIMB 91.44% shares of Bank CIMB Niaga. The ultimate
Niaga. Pemegang saham akhir CIMB Group shareholders of CIMB Group Holdings Berhad are
Holdings Berhad adalah Khazanah Nasional Berhad, Khazanah Nasional Berhad, Employee Provident
Employee Provident Fund, lain-lain dan masyarakat. Fund, others and public. Khazanah National Berhad
Khazanah Nasional Berhad merupakan entitas yang is an entity owned by the Malaysian Government.
dimiliki oleh Pemerintah Malaysia.
Halaman – 5/2 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 652
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Penawaran umum saham dan obligasi Bank CIMB b. Public offering of Bank CIMB Niaga’s shares and
Niaga bonds
Penawaran umum saham Public offering of shares
Penawaran Umum Perdana dan Terbatas yang telah The details of Bank CIMB Niaga’s Initial and Limited
dilakukan oleh Bank CIMB Niaga adalah: Public Offerings were as follows:
Jumlah saham Nilai nominal
yang ditawarkan (nilai per saham (nilai Harga penawaran
penuh)/ penuh)/ per saham (nilai penuh)/
Pernyataan efektif/ Tanggal pencatatan/ Number of offered shares Par value per share (full Offering price per share
Effective registration Registration date (full amount) amount) (full amount)
Penawaran Umum 2 Oktober/ 29 November/
Perdana October 1989 November 1989 5,000,000 1,000 12,500 Initial Public Offering
Penawaran Umum 26 September/ 23 Desember/ Limited Public
Terbatas I September 1992 December 1992 5,252,500 1,000 5,000 Offering I
Penawaran Umum 29 Oktober/ 15 November/ Limited Public
Terbatas II October 1996 November 1996 31,514,487 1,000 3,300 Offering II
Penawaran Umum 4 Agustus/ 9 Agustus/ Limited Public
Terbatas III August 1999 August 1999 71,135,395,749 5 124 Offering III
Penawaran Umum 25 Agustus/ 31 Agustus/August Limited Public
Terbatas IV August 2005 dan/and 9 September 3,949,757,610 50 330 Offering IV
/September 2005
Penawaran Umum 3 November/ 30 Desember/ Limited Public
Terbatas V November 2010 December 2010 1,196,743,183 50 1,250 Offering V
Penawaran umum obligasi subordinasi Public offering of subordinated bonds
Jumlah pokok
obligasi
subordinasi/
The nominal Tingkat
value of the Tanggal jatuh bunga/ Wali Amanat - Keterkaitan
Instrumen/ Pernyataan efektif/ Persetujuan/ subordinated Jangka waktu/ tempo/ Interest usaha/ Trustee - Business
Instrument Effective registration Approval bonds Tenor Maturity date rate Tujuan/Purpose linkages
Obligasi Subordinasi III 8 November/ OJK Pengawas Pasar 75,000 7 tahun/years 15 November/ 10.00% Menunjang pertumbuhan PT Bank Permata Tbk - Tidak
Bank CIMB Niaga Tahun November 2018 modal, melalui suratnya November kredit serta menjaga mempunyai hubungan afiliasi
2018 Seri B dengan No.S-158/D.04/2018/ 2025 ketahanan permodalan dengan Bank/ PT Bank
Tingkat Suku Bunga OJK Pengawas Pasar dalam rangka pemenuhan Permata Tbk – Does not have
Tetap/Bank CIMB Niaga Modal POJK any affiliation with the Bank.
Subordinated Bonds III in its letter No. No.14/2017/Supporting credit
Year 2018 Series B with S-158/D.04/2018 growth and capital stability in
Fixed Interest Rate accordance with fulfilment of
POJK No. 14/2017
Obligasi Subordinasi 12 Desember/ OJK Pengawas Pasar 83,000 5 tahun/years 19 Desember/ 8.05% Menunjang pertumbuhan PT Bank Permata Tbk - Tidak
Berkelanjutan I Bank CIMB December 2019 modal, melalui suratnya December kredit serta menjaga mempunyai hubungan afiliasi
Niaga Tahap I Tahun No.S- 194/D.04/2019 2024 ketahanan permodalan dengan Bank/ PT Bank
2019/ The Continuous Pengawas Pasar Modal dalam rangka pemenuhan Permata Tbk – Does not have
Subordinated Bonds I of in its letter No. POJK any affiliation with the Bank.
Bank CIMB Niaga Phase I S-194/D.04/2019 No.14/2017/Supporting credit
Year 2019 growth and capital stability in
accordance with fulfilment of
POJK No. 14/2017
Obligasi Subordinasi III 8 November/ OJK Pengawas Pasar 75,000 5 tahun/years 15 November/ 9.85% Menunjang pertumbuhan PT Bank Permata Tbk - Tidak
Bank CIMB Niaga Tahun November 2018 modal, melalui suratnya November kredit serta menjaga mempunyai hubungan afiliasi
2018 Seri A dengan No.S-158/D.04/2018/ 2023 ketahanan permodalan dengan Bank/ PT Bank
Tingkat Suku Bunga OJK Pengawas Pasar dalam rangka pemenuhan Permata Tbk – Does not have
Tetap/Bank CIMB Niaga Modal POJK any affiliation with the Bank.
Subordinated Bonds III in its letter No. No.14/2017/Supporting credit
Year 2018 Series A with S-158/D.04/2018 growth and capital stability in
Fixed Interest Rate accordance with fulfilment of
POJK No. 14/2017
Halaman – 5/3 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 653
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Penawaran umum saham dan obligasi Bank CIMB b. Public offering of Bank CIMB Niaga’s shares and
Niaga (lanjutan) bonds (continued)
Penawaran umum obligasi subordinasi (lanjutan) Public offering of subordinated bonds (continued)
Pada saat penawaran umum obligasi subordinasi At the time of the subordinated bonds offering, Bank
tersebut, Bank CIMB Niaga memperoleh peringkat CIMB Niaga obtained a rating of “AA-(idn)” from
“AA-(idn)” dari PT Pefindo. Untuk peringkat obligasi PT Pefindo. The rating of subordinated bonds up to
subordinasi sampai dengan tanggal laporan, lihat the reporting date, refer to Note 32.
Catatan 32.
Penawaran umum obligasi Public offering of bonds
Bank CIMB Niaga Bank CIMB Niaga
Jumlah pokok
obligasi subordinasi/ Wali Amanat -
Pernyataan efektif/ The nominal value of Tanggal jatuh Keterkaitan usaha/
Instrumen/ Effective Persetujuan/ the subordinated Jangka waktu/ tempo/ Tingkat bunga/ Trustee - Business
Instrument registration Approval bonds Tenor Maturity date Interest rate Tujuan/Purpose linkages
Obligasi Berkelanjutan II 1 Agustus/ Otoritas Jasa Keuangan Seri/Series C : 118,000 Seri/Series C : Seri/Series C : Seri/Series C: Ekspansi kredit dalam PT Bank Permata
Bank CIMB Niaga Tahap August 2018 (“OJK”)/Financial Service 5 tahun/years 20 September/ 8.80% rangka pengembangan Tbk - Tidak
IV Tahun 2018 dengan Authority (“FSA”) September 2023 usaha/ Expand the mempunyai
Tingkat suku Bunga credit in order to hubungan afiliasi
Tetap/The Continuous develop the business dengan Bank/
Bonds II of Bank CIMB PT Bank Permata
Niaga Phase IV Year Tbk – Does not
2018 with Fixed Interest have any affiliation
Rate with the Bank.
Sukuk Mudharabah 21 Agustus/ Otoritas Jasa Keuangan Seri/Series C : 429,000 Seri/Series C : Seri/Series C : Seri/Series C: Untuk menunjang kegiatan PT Bank Permata
Berkelanjutan I Bank August 2019 (“OJK”)/Financial Service 5 tahun/years 21 Agustus/ 8.25% pembiayaan syariah/ To Tbk - Tidak
CIMB Niaga Tahap II Authority (“FSA”) August 2024 support sharia financing mempunyai
Tahun 2019/The activities hubungan afiliasi
Continuous Sukuk dengan Bank/
Mudharabah I of Bank PT Bank Permata
CIMB Niaga Phase II Tbk – Does not
Year 2019 have any affiliation
with the Bank.
Obligasi Berkelanjutan III 19 Desember/ Otoritas Jasa Keuangan Seri/Series C : 481,000 Seri/Series C : Seri/Series C : Seri/Series C: Ekspansi kredit dalam PT Bank Permata
Bank CIMB Niaga Tahap I December 2019 (“OJK”)/Financial Service 5 tahun/years 19 Desember/ 7.80% rangka pengembangan Tbk - Tidak
Tahun 2019 dengan Authority (“FSA”) December 2024 usaha/Expand the credit in mempunyai
Tingkat suku Bunga order to develop the hubungan afiliasi
Tetap/ The Continuous dengan Bank/ PT
Bonds III of Bank CIMB business. Bank Permata Tbk
Niaga Phase I Year 2019 – Does not have
with Fixed Interest Rate any affiliation with
the Bank.
Sukuk Mudharabah 19 Maret/ Otoritas Jasa Keuangan Seri/Series B : 287,000 Seri/Series B : Seri/Series B : Seri/Series B: Ekspansi kredit dalam PT Bank Permata
berkelanjutan I Bank March 2020 (“OJK”)/Financial Service 3 tahun/years 27 Maret/ March 7.00% rangka pengembangan Tbk - Tidak
CIMB Niaga Tahap III Authority (“FSA”) 2023 usaha/Expand the credit in mempunyai
Tahun 2020/ The order to develop the hubungan afiliasi
Continuous Sukuk Seri/Series C: business. dengan Bank/ PT
Seri/Series C : 391,000 Seri/Series C : Seri/Series C :
Mudharabah I of Bank 7.25% Bank Permata Tbk
CIMB Niaga Phase III 5 tahun/years 27 Maret/ March – Does not have
Year 2020 2025 any affiliation with
the Bank.
Halaman – 5/4 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 654
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Penawaran umum saham dan obligasi Bank CIMB b. Public offering of Bank CIMB Niaga’s shares and
Niaga (lanjutan) bonds (continued)
Penawaran umum obligasi (lanjutan) Public offering of bonds (continued)
Obligasi di atas mensyaratkan Bank CIMB Niaga The above bonds requires Bank CIMB Niaga not to issue
antara lain untuk tidak menerbitkan obligasi atau bonds or medium term notes and long term notes
instrumen surat utang jangka menengah dan jangka equivalent with the above bonds with higher priority of
panjang lainnya yang sejenis dengan obligasi yang payment than the bonds, as written in prospectus. Bank
mempunyai kedudukan lebih tinggi dan CIMB Niaga has fulfilled the debt covenants requirement
pembayarannya didahulukan dari obligasi, outlined in bond agreements.
sebagaimana tertulis dalam prospektus. Bank CIMB
Niaga telah memenuhi pembatasan-pembatasan yang
diwajibkan dalam perjanjian obligasi.
Sehubungan dengan penerbitan obligasi tersebut, In connection with the bond offering, Bank CIMB Niaga
Bank CIMB Niaga memperoleh peringkat “idAAA” dari obtained a rating of “idAAA” from PT Pefindo. For the
PT Pefindo. Untuk peringkat obligasi sampai dengan rating of bonds up to the reporting date, refer to Note 28.
tanggal laporan, lihat Catatan 28.
c. Entitas Anak c. Subsidiaries
Bank CIMB Niaga mempunyai kepemilikan langsung Bank CIMB Niaga has direct ownership in the following
pada Entitas Anak berikut ini: Subsidiaries:
Tahun beroperasi
Persentase kepemilikan/ komersial/ Jumlah aset/
Percentage of ownership Year commercial Total assets
Nama perusahaan/ Kegiatan usaha/ Kedudukan/ operations
Company's name Business activity Domicile 2024 2023 2022 commenced 2024 2023 2022
Anak perusahaan/Subsidiaries
• PT CIMB Niaga Auto Finance Pembiayaan/Financing Jakarta 83.28% 83.28% 83.28% 1993 10,942,666 8,404,362 6,458,951
• PT CIMB Niaga Sekuritas Penjamin emisi efek/Securities underwriter Jakarta 97.32% 97.32% 94.78% 2019 653,858 566,846 273,756
• Reksa Dana Terproteksi BRI MI Proteksi 102 *) Unit Reksa Dana/Unit Mutual Funds Jakarta 52.38% - - 2024 1,065,479 - -
• Reksa Dana Terproteksi Sam Sejahtera Terproteksi 5 *) Unit Reksa Dana/Unit Mutual Funds Jakarta 99.99% - - 2024 503,374 - -
• Reksa Dana Terproteksi Bahana Ultima Protected Fund 236 *) Unit Reksa Dana/Unit Mutual Funds Jakarta 99.99% - - 2024 503,591 - -
*) Dikonsolidasikan berdasarkan PSAK 110 (sebelumnya PSAK 65) Consolidated pursuant to SFAS 110 (previously SFAS 65) *)
Berikut adalah perubahan kepemilikan langsung Bank Below is the changes of Bank CIMB Niaga’s direct
CIMB Niaga pada Entitas Anak: ownership in the Subsidiaries:
Jumlah saham atau
unit pada tanggal
laporan posisi
keuangan nilai penuh/
Total shares or unit as
at statements of
Tahun/ financial position date Persentase/
Year Peristiwa/Event full amount Percentage
PT CIMB Niaga Auto Finance
1992 Kepemilikan awal Bank CIMB Niaga atas PT CIMB Niaga Auto Finance 90,000 99.94%
(“CNAF”)/The initial ownership of Bank CIMB Niaga in PT CIMB Niaga Auto
Finance (“CNAF”)
2012-2014 Peningkatan penyertaan modal pada CNAF/Increased investment on CNAF 11,992,800 99.94%
2016 Penggabungan usaha CNAF dengan PT Kencana Internusa Artha Finance 13,990,779 99.93%
(“KITAF”) dimana CNAF merupakan perusahaan yang menerima
penggabungan/Merger between CNAF and PT Kencana Internusa Artha
Finance (“KITAF”) where CNAF is the surviving entity
2021 Pengembalian saham oleh CNAF ke Bank CIMB Niaga atas saham yang 1,998,681 99.93%
dimiliki oleh Bank CIMB Niaga/Share retirement by CNAF to Bank CIMB Niaga
on shares owned by Bank CIMB Niaga
2022 Penerbitan saham baru CNAF/Issuance of new shares of CNAF 1,998,681 83.28%
Halaman – 5/5 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 655
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Entitas Anak (lanjutan) c. Subsidiaries (continued)
Berikut adalah perubahan kepemilikan langsung Bank Below is the changes of Bank CIMB Niaga’s direct
CIMB Niaga pada Entitas Anak: (lanjutan) ownership in the Subsidiaries: (continued)
Jumlah saham atau
unit pada tanggal
laporan posisi
keuangan nilai penuh/
Total shares or unit as
at statements of
Tahun/ financial position date Persentase/
Year Peristiwa/Event full amount Percentage
PT CIMB Niaga Sekuritas
2019 Kepemilikan awal Bank CIMB Niaga atas PT CIMB Niaga Sekuritas 990 99.00%
(“CNS”)/The initial ownership of Bank CIMB Niaga in PT CIMB Niaga Sekuritas
(“CNS”)
2019 Peningkatan penyertaan modal pada CNS/Increased investment on CNS 5,990 94.78%
2023 Peningkatan penyertaan modal pada CNS/Increased investment on CNS 11,990 97.32%
Reksa Dana
2024 Kepemilikan awal Bank CIMB Niaga atas Reksa Dana Terproteksi BRI MI 1,000.5476 52.38%
Proteksi 102/The initial ownership of Bank CIMB Niaga in Reksa Dana
Terproteksi BRI MI Proteksi 102
2024 Kepemilikan awal Bank CIMB Niaga atas Reksa Dana Terproteksi 1,000.0403 99.99%
Sam Sejahtera Terproteksi 5/The initial ownership of Bank CIMB Niaga in
Reksa Dana Terproteksi Sam Sejahtera Terproteksi 5
2024 Kepemilikan awal Bank CIMB Niaga atas Reksa Dana Terproteksi Bahana 1,000.0000 99.99%
Ultima Protected Fund 236/The initial ownership of Bank CIMB Niaga in Reksa
Dana Terproteksi Bahana Ultima Protected Fund 236
CIMB Niaga Auto Finance (“CNAF”) CIMB Niaga Auto Finance (“CNAF”)
Penerbitan saham baru CNAF Issuance of new shares of CNAF
Berdasarkan Akta No. 5 tanggal 6 Januari 2022, yang Based on Deed No. 5 dated 6 January 2022, made by
dibuat dihadapan Notaris Dini Lastari Siburian S.H., Notary Dini Lastari Siburian S.H., regarding the
mengenai Pernyataan Keputusan Diluar Rapat Umum Statement of Decisions Outside the General Meeting of
Pemegang Saham PT CIMB Niaga Auto Finance, CNAF Shareholders of PT CIMB Niaga Auto Finance, CNAF
telah menerbitkan saham baru dengan nilai transaksi has issued new shares with a transaction value of
sebesar Rp 20.000. Saham baru yang diterbitkan Rp 20,000. The new shares issued are 400,000
tersebut sebanyak 400.000 (nilai penuh) lembar saham (full amount) shares with a nominal value of Rp 50,000
dengan nilai nominal sebesar Rp 50.000 (nilai penuh) per (full amount) per share. CNAF's Paid-in Capital has
lembar saham. Jumlah Modal Disetor CNAF berubah changed from Rp 100,000 to Rp 120,000. The new
dari yang semula sebesar Rp 100.000 menjadi sebesar shares are issued to non-controlling interest with
Rp 120.000. Saham baru tersebut diterbitkan ke pihak respective ownership below 1% each.
non-pengendali dengan kepemilikan masing-masing
dibawah 1%.
Atas transaksi tersebut, kepemilikan Bank CIMB Niaga With this transaction, Bank CIMB Niaga's ownership of
atas CNAF berubah dari semula sebesar 99,93% CNAF changed from 99.93% to 83.28%. Bank CIMB
menjadi sebesar 83,28%. Bank CIMB Niaga masih tetap Niaga still remains the controlling shareholder of CNAF.
menjadi pemegang saham pengendali atas CNAF.
Perubahan susunan pemegang saham tersebut telah The change in shareholder composition has been
diterima dan dicatat oleh Kementerian Hukum dan received and recorded by the Ministry of Law and Human
Hak Asasi Manusia Republik Indonesia melalui Rights of Republic of Indonesia through its letter No.
suratnya dengan No. AHU-AH.01.03-0014129 AHU-AH.01.03-0014129 dated 7 January 2022.
tertanggal 7 Januari 2022.
Halaman – 5/6 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 656
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Entitas Anak (lanjutan) c. Subsidiaries (continued)
Penawaran umum obligasi Public offering of bonds
Jumlah pokok
Pernyataan obligasi subordinasi/
efektif/ The nominal value of Tanggal jatuh Wali Amanat - Keterkaitan
Instrumen/ Effective Persetujuan/ the subordinated Jangka waktu/ tempo/ Tingkat bunga/ usaha/ Trustee - Business
Instrument registration Approval bonds Tenor Maturity date Interest rate Tujuan/Purpose linkages
Sukuk Wakalah Bi Al-Istitsmar 8 Februari/ Otoritas Jasa Keuangan Seri/Series B: Seri/Series B: Seri/Series B: Seri/Series B: Ekspansi PT Bank Syariah Indonesia
I CIMB Niaga Auto Finance February 2023 (“OJK”)/Financial Service 300,000 3 tahun/years 8 Februari/ 7.15% pembiayaan Tbk - Tidak mempunyai
Tahun 2023 dengan Tingkat Authority (“FSA”) February 2026 konsumen dalam hubungan afiliasi dengan
Suku Bunga Tetap/Sukuk rangka CNAF/
Wakalah Bi Al-Istitsmar I pengembangan PT Bank Syariah Indonesia
CIMB Niaga Auto Finance usaha/Expand the Tbk – Does not have any
Year 2023 with Fixed Interest consumer financing affiliation with CNAF
Rate in order to develop
the business.
Sukuk Wakalah Bi Al- 9 Juli/ Otoritas Jasa Keuangan Seri/Series A: Seri/Series A: Seri/Series A: Seri/Series A: Ekspansi PT Bank Rakyat
Istitsmar Berkelanjutan I July 2024 (“OJK”)/Financial Service 710,000 370 hari/days 19 Juli/July 2025 6.80% pembiayaan Indonesia (Persero) Tbk
CIMB Niaga Auto Finance Authority (“FSA”) Seri/Series B: Seri/Series B: Seri/Series B: Seri/Series B: konsumen dalam Tidak mempunyai
Tahan I Tahun 2024 dengan 290,000 3 tahun/years 09 Juli/July 2027 7.10% rangka hubungan afiliasi
Tingkat Suku Bunga pengembangan dengan CNAF/
Tetap/The Continuous Sukuk usaha/Expand the PT Bank Rakyat
Wakalah Bi Al-Istitsmar I of consumer financing Indonesia (Persero) Tbk
CIMB Niaga Auto Finance in order to develop Does not have
Phase I Year 2024 with Fixed the business. any affiliation
Interest Rate CNAF
Obligasi di atas mensyaratkan CNAF antara lain untuk The above bonds require CNAF, among others, not to
tidak mengurangi modal dasar, modal ditempatkan reduce authorised capital, issued capital and paid-up
dan modal disetor, kecuali pengurangan tersebut capital, unless the reduction is made for the purpose
dilakukan untuk tujuan memenuhi ketentuan peraturan of complying with the provisions of the applicable laws
perundang-undangan yang berlaku. CNAF telah and regulations. CNAF has complied with the
memenuhi pembatasan-pembatasan yang diwajibkan covenants required in the bond agreement.
dalam perjanjian obligasi.
Sehubungan dengan penerbitan obligasi tersebut, In connection with the bond offering, Bank CIMB
CNAF memperoleh peringkat “AAidn” dari PT Fitch Niaga obtained a rating of “AAidn” from
Ratings Indonesia. Untuk peringkat obligasi sampai PT Fitch Ratings Indonesia. For the rating of bonds up
dengan tanggal laporan, lihat Catatan 28. to the reporting date, refer to Note 28.
CIMB Niaga Sekuritas (“CNS”) CIMB Niaga Sekuritas (“CNS”)
Peningkatan penyertaan modal pada CIMB Niaga Increased investment on CIMB Niaga Sekuritas
Sekuritas (“CNS”) (“CNS”)
Berdasarkan Akta No. 17 tanggal 17 Juli 2023, yang Based on Deed No. 17 dated 17 July 2023, by notary
dibuat dihadapan notaris Engawati Gazali, S.H., Engawati Gazali, S.H., regarding a Statement
mengenai Pernyataan Tentang Keputusan Para Concerning Shareholders' Resolutions Outside the
Pemegang Saham Diluar Rapat Umum Pemegang Extraordinary General Meeting of Shareholders of
Saham Luar Biasa PT CIMB Niaga Sekuritas, CNS telah PT CIMB Niaga Sekuritas, CNS has issued 6,000
menerbitkan saham baru sebanyak 6.000 (nilai penuh) (full amount) new shares with a nominal value of
lembar saham dengan nilai nominal sebesar Rp 50 per Rp 50 per share which were purchased entirely by
lembar saham yang dibeli seluruhnya oleh Bank CIMB Bank CIMB Niaga. Due to this transaction, Bank CIMB
Niaga. Atas transaksi tersebut, kepemilikan Bank CIMB Niaga's ownership of CNS changed from 94.78% to
Niaga atas CNS berubah dari semula sebesar 94,78% 97.32%.
menjadi sebesar 97,32%.
Perubahan susunan pemegang saham tersebut telah The change in the composition of the shareholders
diterima dan dicatat oleh Kementerian Hukum Dan Hak has been received and recorded by the Ministry of
Asasi Manusia Republik Indonesia melalui suratnya Law and Human Rights of the Republic of Indonesia
dengan No. AHU-AH.01.03-0094925 tertanggal 20 Juli through its letter No. AHU-AH.01.03-0094925 dated
2023. 20 July 2023.
Halaman – 5/7 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 657
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Entitas Anak (lanjutan) c. Subsidiaries (continued)
Reksa Dana Reksa Dana
Pada tanggal 24 September 2024, Bank CIMB Niaga As at 24 September 2024, Bank CIMB Niaga has
telah melakukan pembelian unit reksa dana, Reksa invested in mutual funds, Reksa Dana Terproteksi BRI MI
Dana Terproteksi BRI MI Proteksi 102, dengan Proteksi 102, which has percentage of ownership as
persentase kepemilikan sebesar 52,38% atau 52.38% or equivalent with Rp 550,000. This mutual funds
sebesar Rp 550.000. Reksa dana ini dikonsolidasikan is consolidated pursuant to SFAS 110 (previously:
berdasarkan PSAK 110 (sebelumnya: PSAK 65). SFAS 65).
Pada tanggal 20 November 2024, Bank CIMB Niaga As at 20 November 2024, Bank CIMB Niaga has invested
telah melakukan pembelian unit reksa dana, Reksa in mutual funds, Reksa Dana Terproteksi Sam Sejahtera
Dana Terproteksi Sam Sejahtera Terproteksi 5, Terproteksi 5, which has percentage of ownership as
dengan persentase kepemilikan sebesar 99,99% atau 99.99% or equivalent with Rp 500,005. This mutual funds
sebesar Rp 500.005. Reksa dana ini dikonsolidasikan is consolidated pursuant to SFAS 110 (previously:
berdasarkan PSAK 110 (sebelumnya: PSAK 65). SFAS 65).
Pada tanggal 15 November 2024, Bank CIMB Niaga As at 15 November 2024, Bank CIMB Niaga has invested
telah melakukan pembelian unit reksa dana, Reksa in mutual funds, Reksa Dana Terproteksi Bahana Ultima
Dana Terproteksi Bahana Ultima Protected Fund 236, Protected Fund 236, which has percentage of ownership
dengan persentase kepemilikan sebesar 99,99% atau as 99.99% or equivalent with Rp 500,002. This mutual
sebesar Rp 500.002. Reksa dana ini dikonsolidasikan funds is consolidated pursuant to SFAS 110 (previously:
berdasarkan PSAK 110 (sebelumnya: PSAK 65). SFAS 65).
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated
Dewan Pengawas Syariah, Satuan Kerja Audit Governance Committee, Sharia Supervisory Board,
Internal, dan Sekretaris Perusahaan Internal Audit Unit, and Corporate Secretary
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the
susunan Dewan Komisaris dan Dewan Direksi Bank composition of Board of Commissioners (“BOC”) and
CIMB Niaga adalah sebagai berikut: Board of Directors (“BOD”) of Bank CIMB Niaga were as
follows:
2024
Dewan Komisaris: Board of Commissioners:
Presiden Komisaris Bpk/Mr. Didi Syafruddin Yahya President Commissioner
Wakil Presiden Komisaris Vice President Commissioner
(Independen) Bpk/Mr. Glenn Muhammad Surya Yusuf (Independent)
Komisaris Ibu/Mrs. Vera Handajani Commissioner
Komisaris Bpk/Mr. Novan Amirudin a) Commissioner
Komisaris Independen Bpk/Mr. Dody Budi Waluyo b) Independent Commissioner
Komisaris Independen Ibu/Mrs. Sri Widowati Independent Commissioner
Komisaris Independen Ibu/Mrs. Farina J.Situmorang Independent Commissioner
2023
Dewan Komisaris: Board of Commissioners:
Presiden Komisaris Bpk/Mr. Didi Syafruddin Yahya President Commissioner
Wakil Presiden Komisaris Vice President Commissioner
(Independen) Bpk/Mr. Glenn Muhammad Surya Yusuf (Independent)
Komisaris Bpk/Mr. Dato’ Abdul Rahman Ahmad c) Commissioner
Komisaris Ibu/Mrs. Vera Handajani Commissioner
Komisaris Independen Bpk/Mr. Jeffrey Kairupan d) Independent Commissioner
Komisaris Independen Ibu/Mrs. Sri Widowati Independent Commissioner
Komisaris Independen Ibu/Mrs. Farina J.Situmorang e) Independent Commissioner
Halaman – 5/8 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 658
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated
Dewan Pengawas Syariah, Satuan Kerja Audit Governance Committee, Sharia Supervisory Board,
Internal, dan Sekretaris Perusahaan (lanjutan) Internal Audit Unit, and Corporate Secretary
(continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the
susunan Dewan Komisaris dan Dewan Direksi Bank composition of Board of Commissioners (“BOC”) and
CIMB Niaga adalah sebagai berikut: (lanjutan) Board of Directors (“BOD”) of Bank CIMB Niaga were as
follows: (continued)
2022
Dewan Komisaris: Board of Commissioners:
Presiden Komisaris Bpk/Mr. Didi Syafruddin Yahya President Commissioner
Wakil Presiden Komisaris Vice President Commissioner
(Independen) Bpk/Mr. Glenn Muhammad Surya Yusuf (Independent)
Komisaris Bpk/Mr. Dato’ Abdul Rahman Ahmad Commissioner
Komisaris Ibu/Mrs. Vera Handajani Commissioner
Komisaris Independen Bpk/Mr. Jeffrey Kairupan Independent Commissioner
Komisaris Independen Ibu/Mrs. Sri Widowati Independent Commissioner
2024, 2023, dan/and 2022
Dewan Direksi: Board of Directors:
Presiden Direktur Ibu/Mrs. Lani Darmawan President Director
Direktur Bpk/Mr. Lee Kai Kwong Director
Direktur Ibu/Mrs. Tjioe Mei Tjuen Director
Direktur Bpk/Mr. John Simon Director
Direktur Bpk/Mr. Pandji P. Djajanegara Director
Direktur Bpk/Mr. Henky Sulistyo Director
Direktur Bpk/Mr. Joni Raini Director
Direktur Bpk/Mr. Rusly Johannes Director
Direktur Bpk/Mr. Noviady Wahyudi Director
Direktur Kepatuhan Ibu/Mrs. Fransiska Oei Compliance Director
a) Diangkat melalui RUPS Luar Biasa tanggal 25 Oktober 2024 dan efektif setelah Appointed on Extraordinary GMS dated 25 October 2024 and effective after obtaining a)
mendapatkan persetujuan dari OJK dan/atau terpenuhinya persyaratan yang approval from OJK and/or fulfilment of the requirements stipulated in
ditetapkan dalam persetujuan OJK tersebut the OJK approval
b) Diangkat melalui RUPS Tahunan tanggal 3 April 2024 dan efektif tanggal
21 Agustus 2024 Appointed on Annual GMS dated 3 April 2024 and effective on 21 August 2024 b)
c) Mengundurkan diri efektif per 30 Juni 2024 Resigned effective on 30 June 2024 c)
d) Mengundurkan diri efektif per 3 April 2024 Resigned effective on 3 April 2024 d)
e) Diangkat melalui RUPS Tahunan tanggal 10 April 2023 dan efektif tanggal Appointed on Annual GMS dated 10 April 2023 and effective on 25 January 2024 e)
25 Januari 2024
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the
susunan Komite Audit Bank CIMB Niaga adalah composition of Audit Committee of Bank CIMB Niaga
sebagai berikut: were as follows:
2024
Ketua, merangkap anggota Bpk/Mr. Dody Budi Waluyo * f) Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Bpk/Mr. Glenn Muhammad Surya Yusuf ** Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto Member
Halaman – 5/9 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 659
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee,
Remunerasi, Komite Tata Kelola Terintegrasi, Nomination and Remuneration Committee,
Dewan Pengawas Syariah, Satuan Kerja Audit Integrated Governance Committee, Sharia
Internal, dan Sekretaris Perusahaan (lanjutan) Supervisory Board, Internal Audit Unit, and
Corporate Secretary (continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the
susunan Komite Audit Bank CIMB Niaga adalah composition of Audit Committee of Bank CIMB Niaga
sebagai berikut: were as follows:
2023
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * g) Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Bpk/Mr. Glenn Muhammad Surya Yusuf ** Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto Member
Anggota Ibu/Mrs. Riatu Mariatul Qibthiyyah Member
2022
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Bpk/Mr. Ronald T. A. Kasim Member
Anggota Bpk/Mr. Glenn Muhammad Surya Yusuf ** Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto Member
* Komisaris Independen Independent Commissioner *
** Wakil Presiden Komisaris (Independen) Vice President Commissioner (Independent) **
f) Diangkat melalui RUPS Tahunan tanggal 3 April 2024 dan efektif tanggal
21 Agustus 2024 Appointed on Annual GMS dated 3 April 2024 and effective on 21 August 2024 f)
g) Mengundurkan diri efektif per 3 April 2024 Resigned effective on 3 April 2024 g)
Pembentukan Komite Audit Bank CIMB Niaga sesuai Establishment of Bank CIMB Niaga’s Audit Committee
dengan Peraturan Otoritas Jasa Keuangan (‟POJK”) is in compliance with the requirements of Financial
No.55/POJK.03/2016 tanggal 7 Desember 2016 Services Authority (“FSA”) Regulation
tentang Penerapan Tata Kelola Bagi Bank Umum dan No.55/POJK.03/2016 dated 7 December 2016
POJK No.55/POJK.04/2015 tanggal 29 Desember regarding Governance Implementation in Commercial
2015 tentang Pembentukan dan Pedoman Bank and FSA Regulation No.55/POJK.04/2015 dated
Pelaksanaan Kerja Komite Audit. 29 December 2015 regarding Establishment and
Guideline for Implementation Duty of Audit Committee.
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the
susunan Komite Pemantau Risiko Bank CIMB Niaga members of Bank CIMB Niaga’s Risk Oversight
adalah: Committee were as follows:
2024
Ketua, merangkap anggota Bpk/Mr. Glenn Muhammad Surya Yusuf*** Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Ibu/Mrs. Vera Handajani Member
Anggota Bpk/Mr. Dody Budi Waluyo * h) Member
Anggota Bpk/Mr. Ronald T. A. Kasim Member
Anggota Ibu/Mrs. Farina J. Situmorang i) Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto j) Member
Anggota Ibu/Mrs. Sri Indrastuti S. Hadiputranto k) Member
Halaman – 5/10 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 660
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated
Dewan Pengawas Syariah, Satuan Kerja Audit Governance Committee, Sharia Supervisory Board,
Internal, dan Sekretaris Perusahaan (lanjutan) Internal Audit Unit, and Corporate Secretary
(continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the members
susunan Komite Pemantau Risiko Bank CIMB Niaga of Bank CIMB Niaga’s Risk Oversight Committee were
adalah : (lanjutan) as follows: (continued)
2023
Ketua, merangkap anggota Bpk/Mr. Glenn Muhammad Surya Yusuf*** Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Ibu/Mrs. Sri Indrastuti S. Hadiputranto Member
Anggota Ibu/Mrs. Vera Handajani Member
Anggota Bpk/Mr. Jeffrey Kairupan * l) Member
Anggota Bpk/Mr. Ronald T. A. Kasim m) Member
Anggota Ibu/Mrs. Farina J. Situmorang i) Member
2022
Ketua, merangkap anggota Bpk/Mr. Glenn Muhammad Surya Yusuf *** Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Ibu/Mrs. Riatu Mariatul Qibthiyyah Member
Anggota Ibu/Mrs. Sri Indrastuti S. Hadiputranto Member
Anggota Ibu/Mrs. Vera Handajani Member
Anggota Bpk/Mr. Jeffrey Kairupan * Member
* Komisaris Independen Independent Commissioner *
** Presiden Komisaris President Commissioner **
*** Wakil Presiden Komisaris (Independen) Vice President Commissioner (Independent) ***
h) Diangkat selaku anggota Komite Pemantau Risiko tanggal 18 April 2024 dan efektif Appointed as the member of Risk Oversight Committee dated 18 April 2024 and effective
tanggal 21 Agustus 2024 on 21 August 2024 h)
i) Diangkat selaku anggota Komite Pemantau Risiko tanggal 10 April 2023 dan efektif Appointed as the member of Risk Oversight Committee dated 10 April 2023 and effective
tanggal 25 Januari 2024 on 25 January 2024 i)
j) Diangkat selaku anggota Komite Pemantau Risiko dan efektif per 26 Agustus 2024 Appointed as Risk Oversight Committee and effective since 26 August 2024 j)
k) Mengundurkan diri efektif per 17 Agustus 2024 Resigned effective on 17 August 2024 k)
l) Mengundurkan diri efektif per 3 April 2024 Resigned effective on 3 April 2024 l)
m) Diangkat selaku anggota Komite Pemantau Risiko dan efektif per 20 Januari 2023 Appointed as Risk Oversight Committee and effective since 20 January 2023 m)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the members
susunan Komite Nominasi dan Remunerasi Bank of Bank CIMB Niaga’s Nomination and Remuneration
CIMB Niaga adalah: Committee were as follow:
2024, 2023 dan/and 2022
Ketua, merangkap anggota Ibu/Mrs. Sri Widowati * Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Bpk/Mr. Glenn Muhammad Surya Yusuf *** Member
Anggota Ibu/Mrs. Nora Joice Kimbal Member
Halaman – 5/11 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 661
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated
Dewan Pengawas Syariah, Satuan Kerja Audit Governance Committee, Sharia Supervisory Board,
Internal, dan Sekretaris Perusahaan (lanjutan) Internal Audit Unit, and Corporate Secretary
(continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the
susunan Komite Tata Kelola Terintegrasi Bank CIMB members of Bank CIMB Niaga’s Integrated
Niaga adalah: Governance Committee were as follows:
2024
Ketua, merangkap anggota Bpk/Mr. Dody Budi Waluyo* n) Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Ibu/Mrs. Serena K. Ferdinandus Member
Anggota Bpk/Mr. Yulizar D. Sanrego Member
Anggota Bpk/Mr. Achiran Pandu Djajanto Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto Member
2023
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * o) Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Ibu/Mrs. Serena K. Ferdinandus Member
Anggota Bpk/Mr. Yulizar D. Sanrego Member
Anggota Bpk/Mr. Achiran Pandu Djajanto Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto p) Member
2022
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Ibu/Mrs. Serena K. Ferdinandus Member
Anggota Bpk/Mr. Yulizar D. Sanrego Member
Anggota Bpk/Mr. Achiran Pandu Djajanto Member
* Komisaris Independen Independent Commissioner *
n) Diangkat selaku Ketua Komite Tata Kelola Terintegrasi tanggal 18 April 2024 dan Appointed as Chairman of Integrated Governance Committee dated 18 April 2024 and effective on n)
efektif tanggal 21 Agustus 2024 21 August 2024
o) Mengundurkan diri efektif per 3 April 2024 Resigned effective on 3 April 2024 o)
p) Diangkat selaku anggota Komite Tata Kelola Terintegrasi efektif per 10 April 2023 Appointed as the member of Integrated Governance Committee effective since 10 April 2023 p)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the
susunan Dewan Pengawas Syariah Bank CIMB Niaga members of Bank CIMB Niaga’s Sharia Supervisory
adalah: Board were as follows:
2024, 2023 dan/and 2022
Ketua Bpk/Mr. Prof. Dr. M. Quraish Shihab, MA Chairman
Anggota Bpk/Mr. Prof. Dr. Fathurrahman Djamil, MA Member
Anggota Bpk/Mr. Dr. Yulizar Djamaluddin Sanrego, M.Ec Member
Halaman – 5/12 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 662
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated
Dewan Pengawas Syariah, Satuan Kerja Audit Governance Committee, Sharia Supervisory Board,
Internal, dan Sekretaris Perusahaan (lanjutan) Internal Audit Unit, and Corporate Secretary
(continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the Chief of
Kepala Satuan Kerja Audit Internal Bank CIMB Niaga Bank CIMB Niaga’s Internal Audit Unit was Mr. Antonius
adalah Bapak Antonius Pramana Gunadi. Pramana Gunadi.
Pada tanggal 31 Desember 2024, 2023, dan 2022, As of 31 December 2024, 2023, and 2022, the Bank
Sekretaris Perusahaan Bank CIMB Niaga adalah Ibu CIMB Niaga’s Corporate Secretary was Mrs. Fransiska
Fransiska Oei. Oei.
Pada tanggal 31 Desember 2024, karyawan Bank As at 31 December 2024, the number of employees of
CIMB Niaga berjumlah 11.063 (2023: 11.116; 2022: Bank CIMB Niaga was 11,063 (2023: 11,116;
10.936) (tidak diaudit). 2022: 10,936) (unaudited).
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
Laporan keuangan konsolidasian PT Bank CIMB Niaga The consolidated financial statements of PT Bank CIMB
Tbk dan Entitas Anak diselesaikan dan diotorisasi untuk Niaga Tbk and Subsidiaries were completed and authorised
terbit oleh Dewan Direksi pada tanggal 18 Februari 2025. for issuance by the Board of Directors on 18 February 2025.
Kebijakan akuntansi material yang diterapkan dalam The material accounting policy adopted in preparing the
penyusunan laporan keuangan konsolidasian adalah consolidated financial statements are set out below:
seperti dijabarkan di bawah ini:
a. Dasar penyusunan laporan keuangan konsolidasian a. Basis of preparation of the consolidated financial
statements
Laporan keuangan konsolidasian disusun dan The consolidated financial statements were prepared
disajikan sesuai dengan Standar Akuntansi Keuangan and stated in accordance with Indonesian Financial
di Indonesia yang dikeluarkan oleh Ikatan Akuntan Accounting Standards issued by the Indonesian Institute
Indonesia. of Accountants.
Laporan keuangan konsolidasian juga disusun sesuai The consolidated financial statements have been also
dengan Keputusan Ketua Bapepam-LK prepared in accordance with the Decree of the Chairman
No. KEP-347/BL/2012 tanggal 25 Juni 2012 yang of Bapepam-LK No. KEP-347/BL/2012 dated
merupakan perubahan terakhir atas Keputusan Ketua 25 June 2012 which is the latest change of the Decree
Bapepam-LK No. KEP 554/BL/2010 tanggal of the Chairman of Bapepam-LK No. KEP 554/BL/2010
30 Desember 2010 dan Keputusan Ketua Bapepam- dated 30 December 2010 and the Decree of the
LK No. KEP-06/PM/2000 tanggal 13 Maret 2000 yaitu Chairman of Bapepam-LK No. KEP-06/PM/2000 dated
Peraturan No. VIII.G.7 tentang “Penyajian dan 13 March 2000 on Regulation No. VIII.G.7 regarding
Pengungkapan Laporan Keuangan Emiten atau “Financial Statements Presentation and Disclosure of
Perusahaan Publik”. the Issuer or Public Company”.
Halaman – 5/13 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 663
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated financial
konsolidasian (lanjutan) statements (continued)
Laporan keuangan konsolidasian disusun The consolidated financial statements have been
berdasarkan harga perolehan kecuali untuk aset prepared under the historical cost convention, except
keuangan yang diukur pada nilai wajar melalui for financial assets measured at fair value through
penghasilan komprehensif lain, aset dan liabilitas other comprehensive income, financial assets and
keuangan yang diukur pada nilai wajar melalui laba liabilities measured at fair value through profit or loss,
rugi, instrumen derivatif yang diukur berdasarkan nilai all derivative contracts which have been measured at
wajar, dan aset tetap berupa tanah dan bangunan fair value, and fixed assets of lands and buildings
yang diukur berdasarkan nilai wajar sesuai model which have been measured at fair value in
revaluasi. Nilai tercatat dari aset dan liabilitas yang accordance with revaluation model. The carrying
merupakan item yang dilindung nilai dalam lindung values of recognised assets and liabilities that are
nilai atas nilai wajar, yang seharusnya disajikan hedged items in fair value hedges, and otherwise
sebesar harga perolehan, disesuaikan dengan carried at cost, are adjusted to record changes in fair
perubahan nilai wajar yang dapat diatribusikan value attributable to the risks that are being hedged.
dengan risiko yang dilindungnilaikan. Laporan The consolidated financial statements are prepared
keuangan konsolidasian disusun berdasarkan under the accrual basis of accounting, except for the
akuntansi berbasis akrual, kecuali laporan arus kas consolidated statements of cash flows.
konsolidasian.
Laporan arus kas konsolidasian disusun The consolidated statements of cash flows are
menggunakan metode langsung dan arus kas prepared based on the direct method by classifying
dikelompokkan atas dasar kegiatan operasi, investasi, cash flows on the basis of operating, investing, and
dan pendanaan. Untuk tujuan laporan arus kas financing activities. For the purpose of the
konsolidasian, kas dan setara kas mencakup kas, giro consolidated statements of cash flows, cash and cash
pada BI, giro pada bank lain, dan investasi jangka equivalents include cash, current accounts with BI,
pendek lancar lainnya dengan jangka waktu 3 (tiga) current accounts with other banks, and other short
bulan atau kurang sejak tanggal perolehan, sepanjang term highly liquid investments with original maturities
tidak digunakan sebagai jaminan serta tidak dibatasi of 3 (three) months or less from the acquisition date ,
penggunaannya. which are not pledged as collateral nor restricted.
Seluruh angka dalam laporan keuangan Figures in the consolidated financial statements are
konsolidasian ini, kecuali dinyatakan secara khusus, rounded to and stated in millions of Rupiah, unless
dibulatkan dan disajikan dalam jutaan Rupiah yang otherwise stated.
terdekat.
Penyusunan laporan keuangan konsolidasian sesuai The preparation of consolidated financial statements
dengan Standar Akuntansi Keuangan di Indonesia in conformity with Indonesian Financial Accounting
mengharuskan penggunaan estimasi dan asumsi. Hal Standards requires the use of certain critical
tersebut juga mengharuskan manajemen untuk accounting estimates and assumptions. It also
membuat pertimbangan dalam proses penerapan requires management to exercise its judgement in
kebijakan akuntansi Bank CIMB Niaga dan Entitas the process of applying the Bank CIMB Niaga and
Anak. Area yang kompleks atau memerlukan tingkat Subsidiaries accounting policy. The areas involving a
pertimbangan yang lebih tinggi atau area dimana higher degree of judgement or complexity, or areas
asumsi dan estimasi dapat berdampak signifikan where assumptions and estimates are significant to
terhadap laporan keuangan konsolidasian the consolidated financial statements are disclosed in
diungkapkan di Catatan 3. Note 3.
Halaman – 5/14 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 664
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
b. Perubahan informasi kebijakan akuntansi material b. Change in material accounting policy information
Kecuali dinyatakan di bawah ini, kebijakan akuntansi Except as described below, the accounting policy
telah diterapkan secara konsisten dengan laporan applied are consistent with those of the consolidated
keuangan konsolidasian pada tanggal dan untuk financial statements as at and for the period ended
periode yang berakhir 31 Desember 2024 yang telah 31 December 2024 which conform to the Indonesian
sesuai dengan Standar Akuntansi Keuangan di Financial Accounting Standards.
Indonesia.
Dewan Standar Akuntansi Keuangan Ikatan Akuntan Financial Accounting Standard Board of Indonesia
Indonesia (“DSAK-IAI”) telah melakukan amandemen Institute of Accounting (“DSAK-IAI”) has issued
atas beberapa standar akuntansi yang berlaku efektif amendment of the following accounting standards
pada tanggal 1 Januari 2024, sebagai berikut: which are effective as at 1 January 2024, as follows:
- Amandemen PSAK 201 (sebelumya PSAK 1): - Amendment of SFAS 201 (previously SFAS 1):
“Penyajian Laporan Keuangan Tentang Klasifikasi “Presentation of Financial Statements Regarding
Liabilitas Sebagai Jangka Pendek Atau Jangka The Classification of Liability as Current Liability or
Panjang”; Non-Current Liability”;
- Amendemen PSAK 116 (sebelumnya PSAK 73): - Amendment of SFAS 116 (previously SFAS 73):
“Sewa” terkait liabilitas sewa pada transaksi jual “Leases” regarding lease liabilities in sale-and-
dan sewa-balik. lease back transactions.
- Amendemen PSAK 207 “Laporan Arus Kas”. - Amendment of SFAS 207 “Statement of Cash
Flows”.
- Amandemen PSAK 107 “Instrumen Keuangan: - Amendment of SFAS 107 “Financial Instrument:
Pengungkapan” – Pengaturan Pembiayaan Disclosure” – Supplier Finance Agreements.
Pemasok.
Amandemen atas standar akuntansi diatas tidak Amendment of those accounting standards had no
memiliki dampak yang signifikan terhadap jumlah significant impact on the amounts reported for current
yang dilaporkan pada periode berjalan atau periode period or prior period.
sebelumnya.
Sosialisasi Pilar dan Penomoran SAK Socialization of FAS Pillars and Numbering
Berlaku efektif setelah tanggal 1 Januari 2024: Effective on 1 January 2024:
Kerangka Standar Pelaporan Keuangan Indonesia Indonesia Financial Reporting Standard Framework
(“KSPKI”) dan perubahan nomor PSAK dan ISAK (“KSPKI”) and amendement to SFAS and IFAS
dalam Standar Akuntansi Keuangan Indonesia number in the Indonesian Financial Accounting
(sebelumnya Standar Akuntansi Keuangan), berlaku Standards (formerly Financial Accounting
efektif tanggal 1 Januari 2024. KSPKI mengatur pilar Standards), are effective on 1 January 2024. KSPKI
SAK, kriteria, dan perpindahan antar pilar SAK yang regulate the FAS pillars, criteria and shifting between
berlaku di Indonesia, sedangkan perubahan nomor pillars that apply in Indonesia, while amendement to
mengatur ketentuan penomoran PSAK dan ISAK yang SFAS and IFAS number determine the number for
mengacu pada IFRS Accounting Standards, lokal, dan SFAS and IFAS which refering to IFRS Accounting
syariah. Standards, local accounting standards, and sharia
accounting standards.
Sosialisasi Pilar dan Penomoran SAK Socialization of FAS Pillars and Numbering
Sosialisasi tersebut tidak memiliki dampak yang The socialization did not have a significant impact on
signifikan terhadap jumlah yang dilaporkan pada the amounts reported in the current period or prior
periode berjalan atau periode sebelumnya. periods.
Halaman – 5/15 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 665
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
c. Prinsip konsolidasi c. Principles of consolidation
Laporan keuangan konsolidasian meliputi laporan The consolidated financial statements include the
keuangan Bank CIMB Niaga dan Entitas Anak. financial statements of Bank CIMB Niaga and
Subsidiaries.
Bank mengendalikan suatu entitas ketika Bank The Bank controls an entity when the Bank is
terekspos terhadap, atau memiliki hak atas, exposed to, or has right to, variable returns from its
pengembalian variabel dari keterlibatannya terhadap involvement with the entity and has the ability to affect
entitas dan memiliki kemampuan untuk those return through its power over the entity.
mempengaruhi pengembalian tersebut melalui
kekuasaannya atas entitas tersebut.
Dampak signifikan dari seluruh transaksi dan saldo The significant effects of all transactions and
antara perusahaan-perusahaan yang balances between the consolidated companies have
dikonsolidasikan telah dieliminasi dalam penyajian been eliminated in preparing the consolidated
laporan keuangan konsolidasian. financial statements.
Kebijakan akuntansi material yang dipakai dalam The material accounting policy adopted in preparing
penyajian laporan keuangan konsolidasian telah the consolidated financial statements have been
diterapkan secara konsisten oleh Bank CIMB Niaga consistently applied by Bank CIMB Niaga and
dan Entitas Anak, kecuali dinyatakan secara khusus. Subsidiaries, unless otherwise stated.
Kepentingan non-pengendali atas hasil usaha dan Non-controlling interests in the results and equity of
ekuitas Entitas Anak disajikan terpisah pada masing- the Subsidiaries are shown separately in the
masing laporan laba rugi dan penghasilan consolidated statements of profit or loss and other
komprehensif lain konsolidasian serta laporan posisi comprehensive income and consolidated statements
keuangan konsolidasian, kecuali kepentingan of financial positions, respectively, except for non-
controlling interest from mutual fund consolidation is
nonpengendali yang berasal dari konsolidasi atas
presented as part of liabilities in the consolidated
reksadana disajikan sebagai bagian dari liabilitas statement of financial position.
dalam laporan posisi keuangan konsolidasian.
Bila pengendalian atas suatu entitas diperoleh dalam Where control of an entity is obtained during current
tahun berjalan, hasil usaha entitas tersebut dicatat year, its results are recorded as profit or loss from the
sebagai laba rugi sejak tanggal pengendalian dimulai. date on which control commences. When control
Bila pengendalian berakhir dalam tahun berjalan, hasil ceases during current year, its results are included in
usaha entitas tersebut dimasukkan ke dalam laporan the consolidated financial statements for the part of
the period during which control existed.
keuangan konsolidasian untuk periode dimana
pengendalian masih berlangsung.
d. Kebijakan Akuntansi Entitas Anak d. Accounting Policy for Subsidiaries
Entitas Anak adalah seluruh entitas (termasuk entitas Subsidiaries are all entities (including structured
terstruktur) dimana Bank memiliki pengendalian. entities) overwhich the Bank has control. Subsidiaries
Entitas Anak dikonsolidasikan secara penuh sejak are fully consolidated from the date on which control is
tanggal dimana pengendalian dialihkan kepada Bank. transferred to the Bank. They are deconsolidated from
Entitas Anak tidak dikonsolidasikan lagi sejak tanggal the date on which that control ceases.
dimana Bank kehilangan pengendalian.
Halaman – 5/16 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 666
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
d. Kebijakan Akuntansi Entitas Anak (lanjutan) d. Accounting Policy for Subsidiaries (continued)
Bank CIMB Niaga menggunakan metode akuisisi Bank CIMB Niaga uses the acquisition method to
untuk mencatat kombinasi bisnis. Imbalan yang account for business combinations. The consideration
dialihkan untuk akuisisi suatu Entitas Anak adalah transferred for the acquisition of a Subsidiary is the fair
sebesar nilai wajar aset yang dialihkan, liabilitas yang value of the assets transferred, the liabilities incurred
diakui dan kepentingan ekuitas yang diterbitkan oleh and the equity interests issued by Bank CIMB Niaga.
Bank CIMB Niaga. Imbalan yang dialihkan termasuk The consideration transferred includes the fair value of
nilai wajar aset atau liabilitas yang timbul dari any asset or liability resulting from a contingent
kesepakatan imbalan kontinjensi. consideration arrangement.
Biaya terkait akuisisi dibebankan ketika terjadi. Aset Acquisition related costs are expensed as incurred.
teridentifikasi yang diperoleh dan liabilitas serta Identifiable assets acquired and liabilities and
liabilitas kontinjensi yang diambil alih dalam suatu contingent liabilities assumed in a business
kombinasi bisnis diukur pada awalnya sebesar nilai combination are initially measured at their fair values
wajar pada tanggal akuisisi. at the acquisition date.
Untuk setiap akuisisi, Bank CIMB Niaga mengakui For every acquisition, Bank CIMB Niaga recognises
kepentingan non-pengendali pada pihak yang any non-controlling interest in the acquiree either at
diakuisisi baik sebesar nilai wajar atau sebesar bagian fair value or at the non-controlling interest’s
proporsional kepentingan non-pengendali atas aset proportionate share of the acquiree’s net assets.
neto pihak yang diakuisisi.
Selisih lebih imbalan yang dialihkan, jumlah The excess of the consideration transferred, the
kepentingan non-pengendali pada pihak yang amount of any non-controlling interest in the acquiree
diakuisisi serta nilai wajar pada tanggal akuisisi and the acquisition date fair value of any previous
kepentingan ekuitas sebelumnya dimiliki pihak equity interest in the acquiree over the fair value of the
pengakuisisi atas nilai wajar aset teridentifikasi yang identifiable net assets acquired is recorded as
diakuisisi dicatat sebagai goodwill. Jika jumlah ini lebih goodwill. If this is less than the fair value of the net
rendah dari nilai wajar aset neto entitas yang diakuisisi assets of the subsidiaries acquired in the case of a
dalam kasus pembelian dengan diskon, selisihnya bargain purchase, the difference is recognised directly
diakui langsung sebagai laba rugi. in profit or loss.
e. Penjabaran mata uang asing e. Foreign currency translation
Mata uang fungsional Functional currency
Laporan keuangan konsolidasian Bank CIMB Niaga The consolidated financial statements of Bank CIMB
dan Entitas Anak disajikan dalam Rupiah yang Niaga and Subsidiaries are presented in Rupiah which
merupakan mata uang fungsional Bank CIMB Niaga is the functional currency of the Bank CIMB Niaga and
dan Entitas Anak. Subsidiaries.
Halaman – 5/17 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 667
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
e. Penjabaran mata uang asing (lanjutan) e. Foreign currency translation (continued)
Mata uang pelaporan Reporting currency
Laporan keuangan konsolidasian disajikan dalam The consolidated financial statements are presented
mata uang Rupiah, yang merupakan mata uang in Rupiah, which is the reporting currency of Bank
pelaporan Bank CIMB Niaga dan Entitas Anak. CIMB Niaga and Subsidiaries.
Transaksi dan saldo Transactions and balances
Transaksi dalam mata uang asing dijabarkan ke Transactions denominated in a foreign currency are
dalam mata uang Rupiah dengan menggunakan kurs converted into Rupiah at the exchange rate prevailing
yang berlaku pada tanggal transaksi. at the date of the transaction.
Aset dan liabilitas moneter dalam mata uang asing Monetary assets and liabilities denominated in foreign
dijabarkan ke dalam Rupiah menggunakan kurs currency are translated into Rupiah with the closing
penutupan pada tanggal pelaporan dengan rate as at the reporting date using Bank Indonesia’s
menggunakan kurs spot Bank Indonesia di sistem spot rate in Reuters’s system at 4.00 p.m.
Reuters pada pukul 16.00 WIB untuk tanggal WIB (Western Indonesian Time) on
31 Desember 2024, 2023 dan 2022. Aset dan liabilitas 31 December 2024, 2023 and 2022. Non-monetary
non-moneter dalam mata uang asing yang diukur assets and liabilities measured at historical cost
berdasarkan biaya historis dijabarkan ke dalam denominated in a foreign currency are translated into
Rupiah dengan kurs pada tanggal pengakuan awal. Rupiah with the exchange rate as at the date of initial
Aset dan liabilitas non-moneter yang diukur recognition. Non-monetary assets and liabilities in a
berdasarkan nilai wajar dijabarkan ke dalam Rupiah foreign currency that are measured at fair value are
dengan kurs pada tanggal nilai wajar ditentukan. translated into Rupiah using the exchange rates at the
date when the fair value was determined.
Transaksi dalam mata uang asing dijabarkan ke Transactions denominated in a foreign currency are
dalam mata uang Rupiah dengan menggunakan kurs converted into Rupiah at the exchange rate prevailing
yang berlaku pada tanggal transaksi. at the date of the transaction.
Keuntungan atau kerugian selisih kurs yang timbul Exchange gains or losses arising on transactions in
dari transaksi dalam mata uang asing dan dari foreign currency and on the translation of foreign
penjabaran aset dan liabilitas moneter dalam mata currency monetary assets and liabilities are
uang asing, diakui sebagai laba rugi, kecuali apabila recognised as profit or loss, except when deferred in
ditangguhkan pada pendapatan komprehensif lainnya other comprehensive income as qualifying cash flow
sebagai lindung nilai arus kas yang memenuhi syarat. hedges.
Selisih penjabaran mata uang asing atas efek utang Translation differences on debt securities and other
dan aset moneter keuangan lainnya yang diukur monetary financial assets measured at fair value are
berdasarkan nilai wajar dicatat sebagai bagian dari included in foreign exchange gains and losses.
keuntungan dan kerugian selisih kurs.
Halaman – 5/18 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 668
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
e. Penjabaran mata uang asing (lanjutan) e. Foreign currency translation (continued)
Berikut ini adalah kurs mata uang asing utama yang Below are the major exchange rates used for
digunakan untuk penjabaran pada tanggal translation as at 31 December 2024, 2023, and 2022:
31 Desember 2024, 2023, dan 2022:
2024 2023 2022
Pound Sterling 20,219 19,627 18,786 Pound Sterling
Franc Swiss 17,815 18,299 16,827 Swiss Franc
Euro 16,758 17,038 16,582 Euro
Dolar Amerika Serikat 16,095 15,397 15,568 United States Dollar
Dolar Singapura 11,845 11,676 11,593 Singapore Dollar
Dolar Kanada 11,202 11,630 11,486 Canadian Dollar
Dolar Australia 10,014 10,521 10,558 Australian Dollar
Dolar Selandia Baru 9,068 9,766 9,851 New Zealand Dollar
Riyal Saudi Arabia 4,284 4,106 4,139 Saudi Arabian Riyal
Ringgit Malaysia 3,598 3,355 3,534 Ringgit Malaysia
Yuan China 2,205 2,170 2,239 Chinese Yuan
Dolar Hong kong 2,073 1,971 1,997 Hong kong Dollar
Thai Baht 470 450 451 Thai Baht
Yen Jepang 103 109 118 Japanese Yen
f. Aset dan liabilitas keuangan f. Financial assets and liabilities
(i) Aset keuangan (i) Financial assets
Bank CIMB Niaga dan Entitas Anak Bank CIMB Niaga and Subsidiaries classify its
mengklasifikasikan aset keuangannya dalam financial assets in categories (A) financial assets
kategori (A) aset keuangan yang diukur pada measured at fair value through profit or loss
nilai wajar melalui laba rugi (”FVTPL”), (B) aset (“FVTPL”), (B) financial assets measured at
keuangan yang diukur pada biaya perolehan amortised cost, and (C) financial assets
diamortisasi, dan (C) aset keuangan yang diukur measured at fair value through other
pada nilai wajar melalui penghasilan comprehensive income (“FVOCI”).
komprehensif lain (”FVOCI”). Manajemen Management determines the classification of its
menentukan klasifikasi aset keuangan tersebut financial assets at the initial recognition.
pada saat awal pengakuannya.
Aset keuangan diklasifikasikan menjadi kategori Financial assets are classified into these
tersebut di atas berdasarkan model bisnis Bank categories based on the Bank and Subsidiaries’
dan Entitas Anak untuk mengelola aset business models for managing the financial
keuangan dan persyaratan kontraktual arus kas. assets and the contractual terms of the cash
Model bisnis merefleksikan bagaimana flows. The business model reflects how groups
kelompok aset keuangan dikelola untuk of financial assets are managed to achieve a
mencapai tujuan bisnis tertentu. particular business objective.
Halaman – 5/19 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 669
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
(A) Aset keuangan yang diukur pada nilai (A) Financial assets measured at fair value
wajar melalui laba rugi (”FVTPL”) through profit or loss (“FVTPL”)
Aset keuangan diklasifikasikan dalam Financial assets are classified as fair value
kelompok diukur pada nilai wajar melalui through profit or loss if they are acquired or
laba rugi jika diperoleh atau dimiliki owned primarily for the purpose of selling or
terutama untuk tujuan dijual atau dibeli repurchasing in the near future or if they are
kembali dalam waktu dekat atau jika part of portfolio of certain financial
merupakan bagian dari portofolio instruments that are jointly managed and
instrumen keuangan tertentu yang dikelola there is evidence of profit taking patterns in
bersama dan terdapat bukti mengenai pola the short term. Derivatives are also
ambil untung dalam jangka pendek (short categorised as fair value through profit or
term profit taking) yang terkini. Derivatif loss, except for derivatives that are
juga dikategorikan dalam kelompok diukur designated and effective as hedging
pada nilai wajar melalui laba rugi, kecuali instruments.
derivatif yang ditetapkan dan efektif
sebagai instrumen lindung nilai.
Aset keuangan diukur pada nilai wajar Financial assets are measured at fair value
melalui laba rugi kecuali tes model bisnis through profit or loss except business
dan tes arus kas kontraktual menunjukkan model test and contractual cash flow test
bahwa aset keuangan tersebut masuk ke show that financial assets are included in
dalam klasifikasian yang diukur pada biaya the classification that are measured at
perolehan diamortisasi atau nilai wajar amortised cost or fair value through other
melalui penghasilan komprehensif lain. comprehensive income.
Instrumen keuangan yang dikelompokkan Financial instruments classified into this
ke dalam kategori ini diakui pada nilai category are recognised at fair value at
wajarnya pada saat pengakuan awal; initial recognition; transaction costs (if any)
biaya transaksi (jika ada) diakui secara are recognised directly in the consolidated
langsung ke dalam laporan laba rugi profit or loss. Gains and losses arising from
konsolidasian. Keuntungan dan kerugian changes in fair value and sale of financial
yang timbul dari perubahan nilai wajar dan instruments are recognised in the
penjualan instrumen keuangan diakui di consolidated profit or loss and are recorded
dalam laporan laba rugi konsolidasian dan as “Gains/(losses) from changes in fair
dicatat masing-masing sebagai value of financial instruments” and
“Keuntungan/(kerugian) dari perubahan “Gains/(losses) from sales of financial
nilai wajar instrumen keuangan” dan instruments”. Interest income from financial
“Keuntungan/(kerugian) dari penjualan instruments in the group measured at fair
instrumen keuangan”. Pendapatan bunga value through profit or loss is recorded as
dari instrumen keuangan dalam kelompok “Interest income”.
diukur pada nilai wajar melalui laba rugi
dicatat sebagai “Pendapatan bunga”.
Aset keuangan diukur pada biaya Financial assets are measured at
perolehan diamortisasi jika aset keuangan amortised cost if the financial assets are
dikelola dalam model bisnis yang managed in a business model that aims to
bertujuan untuk memiliki aset keuangan have financial assets in order to obtain
dalam rangka mendapatkan arus kas contractual cash flows. Contractual cash
kontraktual. Arus kas kontraktual dari aset flow of the financial assets which on a
keuangan yang pada tanggal tertentu certain date solely payment from principal
hanya berasal dari pembayaran pokok and interest (“SPPI”) of the principal
dan bunga (“SPPI”) atas jumlah pokok outstanding.
terutang.
Halaman – 5/20 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 670
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
(B) Aset keuangan yang diukur pada biaya (B) Financial assets measured at amortised
perolehan diamortisasi cost
Pada saat pengakuan awal, aset At initial recognition, financial assets
keuangan yang diukur pada biaya measured at amortised cost are recognised
perolehan diamortisasi diakui pada nilai at fair value plus transaction costs (if any)
wajarnya ditambah biaya transaksi (jika and subsequently measured using the
ada) dan selanjutnya diukur dengan effective interest rate.
menggunakan suku bunga efektif.
Biaya transaksi mencakup seluruh biaya Transaction cost includes all fees and
dan provisi yang dibayarkan atau diterima provisions paid or received that are an
yang merupakan bagian tak terpisahkan integral part of the effective interest rate.
dari suku bunga efektif.
Tingkat suku bunga efektif adalah suku The effective interest rate is the interest rate
bunga yang secara tepat mendiskontokan that exactly discounts the estimated future
estimasi arus kas di masa datang selama cash flows through the expected life of the
perkiraan umur dari aset keuangan atau financial assets or financial liability (or,
liabilitas keuangan (atau jika lebih tepat, where appropriate a shorter period) to the
digunakan periode yang lebih singkat) net carrying amount at initial recognition.
untuk memperoleh nilai tercatat bersih When calculating the effective interest rate,
pada saat pengakuan awal. Pada saat Bank CIMB Niaga and Subsidiaries
menghitung tingkat suku bunga efektif, estimate future cash flows considering all
Bank CIMB Niaga dan Entitas Anak contractual terms of the financial
mengestimasi arus kas di masa datang instrument, but does not consider any future
dengan mempertimbangkan seluruh credit losses.
persyaratan kontraktual dalam instrumen
keuangan tersebut, namun tidak
mempertimbangkan kerugian kredit di
masa mendatang.
Pendapatan bunga dari aset keuangan Interest income from financial assets
yang diukur pada biaya perolehan measured at amortised cost is recorded in
diamortisasi dicatat dalam laporan laba the consolidated profit or loss and is
rugi konsolidasian dan diakui sebagai
“Pendapatan bunga”. recognised as “Interest income”.
Ketika penurunan nilai terjadi, kerugian When an impairment occurs, an impairment
penurunan nilai diakui sebagai pengurang loss is recognised as a deduction from the
dari nilai tercatat aset keuangan dan diakui carrying value of financial assets and is
didalam laporan keuangan konsolidasian recognised in the consolidated financial
sebagai “Cadangan kerugian penurunan statements as “Allowance for impairment
nilai”. losses”.
Halaman – 5/21 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 671
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
(C) Aset keuangan yang diukur pada nilai (C) Financial assets measured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income
lain (”FVOCI”) (“FVOCI”)
Aset keuangan yang diukur pada nilai Financial assets measured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income are
lain merupakan aset keuangan dikelola financial assets that are managed in a
dalam model bisnis yang tujuannya akan business model whose objectives will be
terpenuhi dengan mendapatkan arus kas fulfilled by obtaining contractual cash flows
kontraktual dan menjual aset keuangan. and selling financial assets. Cash flow
Arus kas kontraktual dari aset keuangan contractual of financial assets which on a
yang pada tanggal tertentu hanya dari certain date solely payment from principal
pembayaran pokok dan bunga (“SPPI”) and interest (“SPPI”) of the principal
dari jumlah pokok terutang. outstanding.
Pada saat pengakuan awalnya, aset At initial recognition, financial instruments
keuangan yang diukur pada nilai wajar measured at fair value through other
melalui penghasilan komprehensif lain comprehensive income are recognised at
diakui pada nilai wajarnya ditambah biaya fair value plus transaction costs (if any) and
transaksi (jika ada) dan selanjutnya diukur subsequently measured at fair value where
pada nilai wajarnya dimana keuntungan gains or losses on changes in fair value,
atau kerugian atas perubahan nilai wajar, gains or losses on foreign exchange, and
keuntungan atau kerugian atas selisih impairment losses are recognised as other
kurs, dan kerugian penurunan nilai, diakui comprehensive income.
sebagai penghasilan komprehensif lain.
Kerugian kredit ekspektasian (”KKE”) Expected credit losses (“ECL”) are
diakui sebagai penambah/pengurang dari recognised as addition/deduction to other
penghasilan komprehensif lainnya di comprehensive income in the consolidated
dalam laporan keuangan konsolidasian financial statements (not reducing the
(tidak mengurangi jumlah tercatat aset carrying amount of financial assets in the
keuangan dalam laporan keuangan consolidated financial statements). Interest
konsolidasian). Pendapatan bunga income is calculated using the effective
dihitung menggunakan metode suku interest method.
bunga efektif.
Halaman – 5/22 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 672
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
Bank CIMB Niaga dan Entitas Anak Bank CIMB Niaga and Subsidiaries use trade
menggunakan akuntansi tanggal perdagangan date accounting for regular way contracts when
untuk mencatat transaksi aset keuangan yang recording financial asset transactions. Financial
assets that are transferred to a third party but not
lazim. Aset keuangan yang dialihkan kepada qualify for derecognition (if any) are disclosed in
pihak ketiga tetapi tidak memenuhi syarat the notes to the consolidated financial statement
penghentian pengakuan (jika ada) diungkapkan as “Pledged assets”, if the transferee has the right
di dalam catatan atas laporan keuangan to sell or repledge them.
konsolidasian sebagai ”Aset yang dijaminkan”,
jika pihak penerima memiliki hak untuk menjual
atau mentransfer kembali.
Penilaian pembayaran pokok dan bunga Solely payment of principal and interest (“SPPI”)
semata (”SPPI”) assessment
Untuk tujuan penilaian ini, ‘pokok’ didefinisikan For the purposes of this assessment, ‘principal’ is
sebagai nilai wajar dari aset keuangan pada defined as the fair value of the financial assets on
pengakuan awal. ‘Bunga’ didefinisikan sebagai initial recognition. ‘Interest’ is defined as
imbalan untuk nilai waktu atas uang, risiko kredit consideration for the time value of money, credit
yang terkait dengan jumlah pokok yang terutang risk associated with the principal amount
selama periode waktu tertentu dan untuk risiko outstanding during a particular period of time and
serta biaya pinjaman dasar lainnya (misalnya for other basic lending risks and costs (e.g.
risiko likuiditas dan biaya administrasi), liquidity risk and administrative costs), as well as
termasuk marjin keuntungan. profit margin.
Dalam menilai apakah arus kas kontraktual In assessing whether the contractual cash flows
adalah SPPI, Bank CIMB Niaga dan Entitas are SPPI, Bank CIMB Niaga and Subsidiaries
Anak mempertimbangkan ketentuan consider the contractual terms of the instrument.
kontraktual instrumen tersebut. Hal ini termasuk This includes assessing whether the financial
menilai apakah aset keuangan mengandung asset contains a contractual term that could
ketentuan kontraktual yang dapat mengubah change the timing or amount of contractual cash
waktu atau jumlah arus kas kontraktual flows such that it would not meet this condition.
sehingga tidak memenuhi kondisi ini.
Dalam melakukan penilaian arus kas In making the assessment of contractual cashflow
kontraktual adalah SPPI, Bank CIMB Niaga dan are SPPI, Bank CIMB Niaga and Subsidiaries
Entitas Anak mempertimbangkan: consider:
- Kejadian kontinjensi yang akan mengubah - Contingent events that would change the
jumlah dan waktu dari arus kas; amount and timing of cash flows;
- Fitur leverage; - Leverage features;
- Persyaratan pelunasan dipercepat dan - Prepayment and extention terms;
perpanjangan fasilitas;
Halaman – 5/23 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 673
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
Penilaian pembayaran pokok dan bunga Solely payment of principal and interest (“SPPI”)
semata (”SPPI”) (lanjutan) assessment (continued)
Dalam melakukan penilaian arus kas In making the assessment of contractual cashflow
kontraktual adalah SPPI, Bank CIMB Niaga dan are SPPI, Bank CIMB Niaga and Subsidiaries
Entitas Anak mempertimbangkan: consider:
- Ketentuan yang membatasi klaim Bank - Terms that limit Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak atas arus kas Subsidiaries’ claim to cash flows from
dari aset tertentu (seperti pinjaman non- specified assets (e.g. non-recourse loans);
recourse); dan and
- Fitur yang memodifikasi imbalan dari nilai - Features that modify consideration of the time
waktu atas uang (seperti penetapan ulang value of money (e.g. periodical reset of
suku bunga berkala). interest rates).
Penilaian model bisnis Business model assessment
Model bisnis mengacu pada bagaimana aset Business model refers to how financial assets are
keuangan dikelola bersama untuk menghasilkan managed together to generate cash flows for
arus kas kepada Bank CIMB Niaga dan Entitas Bank CIMB Niaga and Subsidiaries. This may be
Anak. Arus kas mungkin dihasilkan dengan collecting contractual cash flow, selling financial
menerima arus kas kontraktual, menjual aset assets or both. Business models are determined
keuangan atau keduanya. Model bisnis at a level of aggregation where groups of assets
ditentukan pada tingkat agregasi di mana are managed together to achieve a particular
kelompok aset dikelola bersama untuk mencapai objective and do not depend on management’s
tujuan tertentu dan tidak bergantung pada intensi intentions for individual instrument.
manajemen pada instrumen individual.
Bank CIMB Niaga dan Entitas Anak menilai Bank CIMB Niaga and Subsidiaries assess the
model bisnis pada aset keuangan setidaknya business model of financial assets at least at
pada tingkat lini bisnis atau dimana terdapat business line level or where there are varying
variasi mandat/tujuan dalam lini bisnis, pada lini mandates/objectives within a business line, at
bisnis produk atau pada tingkat yang lebih product business line or at a more granular
granular (misalnya sub-portofolio atau sub-lini (e.g. sub-portfolio or sub-business line).
bisnis).
Halaman – 5/24 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 674
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
Penilaian model bisnis (lanjutan) Business model assessment (continued)
Penentuan model bisnis dilakukan dengan Business model determination are made
mempertimbangkan semua bukti relevan yang considering all relevant evidence that is available
tersedia pada tanggal penilaian. Ini termasuk, at the date of the assessment. This includes, but
tetapi tidak terbatas pada: not limited to:
- Bagaimana kinerja bisnis dan aset keuangan - How the performance of business and the
yang ada di dalam unit bisnis itu dievaluasi dan financial assets held within that business unit
dilaporkan kepada manajemen. Tingkat are evaluated and reported to management.
pemisahan yang diidentifikasi untuk klasifikasi The level of segregation identified for SFAS 109
PSAK 109 (sebelumnya PSAK 71) harus (prevesiouly SFAS 71) classification should be
konsisten dengan bagaimana portofolio aset consistent with how asset portfolio are
dipisahkan dan dilaporkan kepada manajemen; segregated and reported to management;
- Risiko yang mempengaruhi kinerja unit bisnis - The risk that affect the performance of the
dan aset keuangan yang dimiliki dalam unit business units and the financial assets held
bisnis itu dan khususnya bagaimana risiko itu within that business unit and in particular the
dikelola; dan way those risks are managed; and
- Bagaimana manajer unit bisnis dikompensasi - How managers of the business unit are
(misalnya, apakah kompensasi didasarkan pada compensated (for example, whether
nilai wajar dari aset yang dikelola atau pada arus compensation is based on the fair value of the
kas kontraktual yang dikumpulkan). assets managed or on the contractual cash flow
collected).
Penentuan model bisnis dilakukan berdasarkan Business model determination are made on the
skenario yang diperkirakan akan terjadi oleh Bank basis of scenarios that Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak dan tidak dalam Subsidiaries reasonably expect to occur and not
kondisi sangat tertekan atau ’kondisi terburuk’. Jika
aset dijual dalam kondisi yang tidak diharapkan under highly stressed or 'worst case' conditions.
oleh Bank CIMB Niaga dan Entitas Anak untuk Where assets are disposed of under condition that
berlaku ketika aset diakui, klasifikasi aset Bank CIMB Niaga and Subsidiaries did not
keuangan yang ada dalam portofolio tidak reasonably expect to prevail when the asset were
disajikan secara tidak akurat, tetapi kondisi recognised, the classification of existing financial
tersebut harus dipertimbangkan untuk aset yang assets in the portfolio are not rendered inaccurate,
diperoleh di masa mendatang. but the condition in question should be considered
for any future assets acquired going forward.
(ii) Liabilitas keuangan (ii) Financial liabilities
Bank CIMB Niaga dan Entitas Anak Bank CIMB Niaga and Subsidiaries classify its
mengklasifikasikan liabilitas keuangannya dalam financial liabilities in categories (A) financial
kategori (A) liabilitas keuangan yang diukur pada liabilities measured at fair value through profit or
nilai wajar melalui laba rugi dan (B) liabilitas loss and (B) financial liabilities measured at
keuangan yang diukur dengan biaya perolehan amortised cost.
diamortisasi.
Halaman – 5/25 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 675
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(ii) Liabilitas keuangan (lanjutan) (ii) Financial liabilities (continued)
(A) Liabilitas keuangan yang diukur pada nilai (A) Financial liabilities measured at fair value
wajar melalui laba rugi through profit or loss
Kategori ini terdiri dari dua subkategori: The category comprises two sub-categories:
liabilitas keuangan diklasifikasikan sebagai financial liabilities classified as held for
diperdagangkan dan liabilitas keuangan trading and financial liabilities designated by
yang pada saat pengakuan awal telah Bank CIMB Niaga and Subsidiaries
ditetapkan oleh Bank CIMB Niaga dan measured at fair value through profit or loss
Entitas Anak untuk diukur pada nilai wajar upon initial recognition. At initial and
melalui laba rugi. Pada saat pengakuan subsequent recognition, is recorded at its fair
awal dan selanjutnya dicatat pada nilai value.
wajar.
Liabilitas keuangan diklasifikasikan A financial liability is classified as held for
sebagai diperdagangkan jika diperoleh trading if it is acquired or incurred principally
terutama untuk tujuan dijual atau dibeli for the purpose of selling or repurchasing it in
kembali dalam waktu dekat, atau jika the near term, or if it is part of a portfolio of
merupakan bagian dari portofolio instrumen identified financial instruments that are
keuangan tertentu yang dikelola bersama managed together and there is evidence of a
dan terdapat bukti mengenai pola ambil recent actual pattern of short term profit
untung dalam jangka pendek yang terkini. taking. Derivatives are also categorised as
Derivatif diklasifikasikan sebagai instrumen held for trading instrument unless they are
diperdagangkan kecuali ditetapkan dan designated and effective as hedging
efektif sebagai instrumen lindung nilai. instruments.
Liabilitas keuangan diklasifikasikan untuk Financial liabilities are classified as at fair
ditetapkan diukur pada nilai wajar melalui value through profit or loss on initial
laba rugi pada saat pengakuan awal jika recognition if that designation results in more
penetapan tersebut menghasilkan relevant information because it eliminates or
informasi yang lebih relevan karena significantly reduces measurement or
mengeliminasi atau mengurangi secara recognition inconsistencies that could arise
signifikan inkonsistensi pengukuran atau from measuring the liability or recognising a
pengakuan yang dapat timbul dari gain or loss on the liability on an which are
pengukuran liabilitas atau pengakuan different; or a group of financial liabilities or
keuntungan atau kerugian atas liabilitas financial liabilities is managed and its
dengan dasar yang berbeda – beda; atau performance is evaluated on a fair value
sekelompok liabilitas keuangan atau basis, in accordance with a documented risk
liabilitas keuangan dikelola dan kinerjanya management or investment strategy, and
dievaluasi berdasarkan nilai wajar, sesuai information on the intended fair value of the
manajemen risiko atau strategi investasi group.
yang terdokumentasi, dan informasi
dengan nilai wajar dimaksud atas kelompok
tersebut.
Halaman – 5/26 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 676
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(ii) Liabilitas keuangan (lanjutan) (ii) Financial liabilities (continued)
(A) Liabilitas keuangan yang diukur pada nilai (A) Financial liabilities measured at fair value
wajar melalui laba rugi (lanjutan) through profit or loss (continued)
Keuntungan atau kerugian atas liabilitas Gains or losses on financial liabilities
keuangan yang diukur pada nilai wajar measured at fair value through profit or loss
melalui laba rugi disajikan sebagian pada are presented partially in other
penghasilan komprehensif lain (jumlah comprehensive income (the amount of
yang berasal dari perubahan nilai wajar change in fair value of the financial liability
atas liabilitas keuangan yang berkaitan that is attributable to changes in the credit
dengan perubahan atas risiko kredit dari risk of that liability, which is determined as
liabilitas tersebut, yang dipertimbangkan the amount that is not attributable to changes
bahwa jumlah tersebut tidak berkaitan in market conditions that give rise to market
dengan kondisi pasar yang menyebabkan risk) and partially in profit or loss (the
timbulnya risiko pasar) dan sebagian pada remaining amount of change in the fair value
laba rugi (sisa dari jumlah perubahan nilai of the liability). Interest expenses on financial
wajar atas liabilitas tersebut). Beban bunga liabilities held for trading are included in
dari liabilitas keuangan yang “Interest expenses”.
diklasifikasikan sebagai diperdagangkan
dicatat di dalam ”Beban bunga”.
Penggunaan nilai wajar diterapkan pada The use of fair value is applied on the debt
instrumen hutang yang terdiri dari kontrak instrument which consists of host contract
utama dan derivatif melekat, jika tidak and embedded derivatives, if can not be
dapat dipisahkan. separated.
(B) Liabilitas keuangan yang diukur dengan (B) Financial liabilities at amortised cost
biaya perolehan diamortisasi
Liabilitas keuangan yang tidak Financial liabilities that are not classified as
diklasifikasikan sebagai liabilitas keuangan fair value through profit or loss fall into this
yang diukur pada nilai wajar melalui laba category and are measured at amortised
rugi dikategorikan dan diukur dengan biaya cost.
perolehan diamortisasi.
Pada saat pengakuan awal, liabilitas Financial liabilities at amortised cost are
keuangan yang diukur dengan biaya initially measured at fair value less
perolehan diamortisasi, diukur pada nilai transaction costs (if any).
wajar dikurangi biaya transaksi (jika ada).
Setelah pengakuan awal, Bank CIMB After initial recognition, Bank CIMB Niaga
Niaga dan Entitas Anak mengukur seluruh and Subsidiaries measured all financial
liabilitas keuangan yang diukur dengan liabilities at amortised cost using effective
biaya perolehan diamortisasi dengan interest rate method.
menggunakan metode suku bunga efektif.
Halaman – 5/27 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 677
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(iii) Penentuan nilai wajar (iii) Determination of fair value
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 dalam orderly transaction between market participants
transaksi teratur (orderly transaction) antara at the measurement date in the principal market
pelaku pasar (market participants) pada tanggal or, in its absence, the market to which Bank
pengukuran di pasar utama atau, jika tidak CIMB Niaga and Subsidiaries have access at
terdapat pasar utama, di pasar dimana Bank that date, or uses valuation techniques or
CIMB Niaga dan Entitas Anak memiliki akses internal measurement from observable data in
pada tanggal tersebut, atau menggunakan teknik respect of similar financial instruments with
penilaian atau penilaian internal yang didasarkan selected model. The fair value of a liability
pada data yang dapat diobservasi dari instrumen reflects its non-performance risk.
keuangan yang sama dengan model tertentu.
Nilai wajar liabilitas mencerminkan risiko
wanprestasinya.
Jika tersedia, Bank CIMB Niaga dan Entitas When available, Bank CIMB Niaga and
Anak mengukur nilai wajar instrumen keuangan Subsidiaries measure the fair value of a
dengan menggunakan harga kuotasian di pasar financial instrument using the quoted price in an
aktif untuk instrumen tersebut. active market for that instrument.
Instrumen keuangan dianggap memiliki kuotasi A financial instrument is considered to have a
di pasar aktif, jika harga kuotasi tersedia quotation in an active market, if quoted prices
sewaktu-waktu dan dapat diperoleh secara rutin are readily and regularly available from an
dari bursa, pedagang efek (dealer), perantara exchange, dealer, broker, industry group,
efek (broker), kelompok industri, badan pricing service or regulatory agency, and those
pengawas (pricing service atau regulatory prices represent actual and regularly occurring
agency), dan harga tersebut mencerminkan market transactions on an arm’s length basis. If
transaksi pasar yang aktual dan rutin dalam the above criteria are not met, the market is
suatu transaksi yang wajar. Jika kriteria di atas regarded as being inactive. Indications that a
tidak terpenuhi, maka pasar aktif dinyatakan market is inactive are when there is a wide bid-
tidak tersedia. Indikasi-indikasi dari pasar tidak offer spread or significant increase in the bid-
aktif adalah terdapat selisih yang besar antara offer spread or there are few recent
harga penawaran dan permintaan atau kenaikan transactions.
signifikan dalam selisih harga penawaran dan
permintaan dan hanya terdapat beberapa
transaksi terkini.
Nilai wajar untuk instrumen keuangan yang The fair value of financial instruments traded in
diperdagangkan di pasar aktif ditentukan active markets is determined based on quoted
berdasarkan nilai pasar yang berlaku pada market prices at the consolidated statement of
tanggal laporan posisi keuangan konsolidasian. financial position date. This includes IDMA’s
Termasuk di dalamnya adalah nilai pasar dari (Interdealer Market Association) quoted market
IDMA (Interdealer Market Association) atau prices or broker’s quoted price from Bloomberg
harga yang diberikan oleh broker (quoted price) and Reuters on the consolidated statement of
dari Bloomberg dan Reuters pada tanggal financial position date.
laporan posisi keuangan konsolidasian.
Halaman – 5/28 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 678
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(iii) Penentuan nilai wajar (lanjutan) (iii) Determination of fair value (continued)
Nilai wajar untuk semua instrumen keuangan For all other financial instruments, fair value is
lainnya ditentukan dengan menggunakan teknik determined using valuation techniques. In
penilaian. Dengan teknik ini, nilai wajar these techniques, fair values are estimated
merupakan suatu estimasi yang dihasilkan dari from observable data in respect of similar
data yang dapat diobservasi dari instrumen financial instruments, using models to estimate
keuangan yang sama, menggunakan model- the present value of expected future cash flows
model untuk mendapatkan estimasi nilai kini or other valuation techniques, using inputs
dari arus kas masa depan yang diharapkan atau existing at the dates of the consolidated
teknik penilaian lainnya menggunakan input statements of financial position.
yang tersedia pada tanggal laporan posisi
keuangan konsolidasian.
Bank menggunakan beberapa teknik penilaian Bank uses widely recognised valuation models
yang digunakan secara umum untuk for determining fair values of financial
menentukan nilai wajar dari instrumen instruments with lower complexity, such as
keuangan dengan tingkat kompleksitas yang currency options, interest rate swaps, and
rendah, seperti opsi mata uang, swap suku currency swaps. For these financial
bunga dan swap mata uang. Input yang instruments, inputs into models are observable
digunakan dalam teknik penilaian untuk market data.
instrumen keuangan di atas adalah data pasar
yang dapat diobservasi.
Untuk instrumen yang lebih kompleks, Bank For more complex instruments, Bank CIMB
CIMB Niaga menggunakan model penilaian Niaga uses internally developed models,
internal, yang pada umumnya berdasarkan which are usually based on valuation
teknik dan metode penilaian yang umumnya methods and techniques generally
diakui sebagai standar industri. Model recognised as standard within the industry.
penilaian terutama digunakan untuk menilai Valuation models are used primarily to value
kontrak derivatif yang ditransaksikan melalui derivatives contract in the over the counter
pasar over the counter (“OTC”) dan instrumen (“OTC”) market and other debt instruments
hutang lainnya yang pasarnya tidak aktif. Input for which markets were or have become
dari model ini tidak dapat berasal dari data illiquid. The inputs to these models may not
yang dapat diobservasi di pasar. be observable market data.
Untuk instrumen keuangan yang tidak For financial instruments with no quoted
mempunyai harga pasar, estimasi atas nilai market price, a reasonable estimate of the fair
wajar ditetapkan dengan mengacu pada nilai value is determined by reference to the
wajar instrumen lain yang secara substansi current market value of another instrument
memiliki karakteristik yang sama atau dihitung which substantially have the same
berdasarkan ekspektasi arus kas yang characteristic or calculated based on
didiskonto dengan tingkat suku bunga pasar expected cash flows discounted by relevant
yang relevan. market rates.
Structured interest rate derivatives Structured interest rate derivatives are
ditentukan menggunakan option pricing measured using appropriate option pricing
models (sebagai contoh, the Black-Scholes models (for example, the Black-Scholes
model). model).
Halaman – 5/29 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 679
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(iii) Penentuan nilai wajar (lanjutan) (iii) Determination of fair value (continued)
Pada saat nilai wajar dari unlisted equity In cases when the fair value of unlisted equity
instruments tidak dapat ditentukan dengan instruments cannot be determined reliably, the
handal, instrumen tersebut dinilai sebesar biaya instruments are carried at cost less
perolehan dikurangi penurunan nilai. Nilai wajar impairment. The fair value for loans and
atas kredit yang diberikan dan piutang, serta receivables as well as liabilities to banks and
liabilitas kepada bank dan nasabah ditentukan customers are determined using a present
menggunakan nilai kini berdasarkan arus kas value model on the basis of contractually
kontraktual dengan mempertimbangkan agreed cash flows, taking into account credit
kualitas kredit, likuiditas, dan biaya. quality, liquidity, and costs.
Bukti terbaik dari nilai wajar pada saat The best evidence of fair value at initial
pengakuan awal adalah harga transaksinya recognition is the transaction price (that is, the
(yaitu nilai wajar pembayaran yang diserahkan fair value of the consideration given or
atau diterima), kecuali nilai wajar dari instrumen received), unless the fair value of that
tersebut dapat dibuktikan dengan perbandingan instrument is evidenced by comparison with
transaksi untuk instrumen yang sama di pasar other observable current market transactions
terkini yang dapat diobservasi (yaitu yang tanpa in the same instrument (that is, without
modifikasi atau re-packaging) atau berdasarkan modification or re-packaging) or based on a
teknik penilaian dimana variabelnya hanya data valuation technique whose variables include
dari pasar yang dapat diobservasi. only data from observable markets.
Untuk instrumen keuangan yang diukur For financial instruments that measured at fair
menggunakan nilai wajar, Bank CIMB Niaga value, Bank CIMB Niaga and Subsidiaries use
dan Entitas Anak menggunakan hirarki nilai the fair value hierarchy which reflect the
wajar yang mencerminkan signifikasi input yang significance of input used in the measurement
digunakan dalam melakukan pengukuran (level 1, 2, and 3) as explained in Note 51e.
(tingkat 1, 2, dan 3) seperti dijelaskan pada
Catatan 51e.
(iv) Penghentian pengakuan (iv) Derecognition
Penghentian pengakuan aset keuangan Financial assets are derecognised when the
dilakukan ketika hak kontraktual atas arus kas contractual rights to receive the cash flows from
yang berasal dari aset keuangan tersebut these financial assets have ceased to exists or
berakhir, atau ketika aset keuangan tersebut the financial assets have been transferred and
telah ditransfer dan secara substansial seluruh substantially all the risks and rewards of
risiko dan manfaat atas kepemilikan aset ownership of the assets are also transferred
tersebut telah ditransfer (jika, secara (that is, if substantially all the risks and rewards
substansial seluruh risiko dan manfaat tidak have not been transferred, then Bank CIMB
ditransfer, maka Bank CIMB Niaga dan Entitas Niaga and Subsidiaries evaluate to ensure that
Anak melakukan evaluasi untuk memastikan continuing involvement on the basis of any
keterlibatan berkelanjutan atas kendali yang retained powers of control does not prevent
masih dimiliki tidak mencegah penghentian derecognition). Financial liabilities are
pengakuan). Liabilitas keuangan dihentikan derecognised when they have been redeemed,
pengakuannya ketika liabilitas telah dilepaskan or cancelled, or otherwise extinguished.
atau dibatalkan atau kadaluwarsa.
Halaman – 5/30 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 680
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
instruments
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities
Kategori yang didefinisikan oleh PSAK 109 Golongan (ditentukan oleh Bank CIMB Niaga
(sebelumnya PSAK 71)/ dan Entitas Anak)/
Category as defined by SFAS 109 (previously Sub golongan/Sub-classes
Class (as determined by Bank CIMB Niaga and
SFAS 71) Subsidiaries)
Efek-efek/Marketable securities
Aset keuangan yang diukur
pada nilai wajar melalui laba Obligasi Pemerintah/Government Bonds
rugi/Financial assets
measured at fair value through Efek-efek yang dibeli dengan janji dijual kembali/Securities purchased under resale
profit or loss agreements
Tagihan derivatif - Tidak terkait lindung nilai/Derivative receivables – Non-hedging related
Giro pada Bank Indonesia/Current accounts with Bank Indonesia
Giro pada bank lain/Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia/Placements with other banks and Bank
Indonesia
Efek-efek yang dibeli dengan janji dijual kembali/Securities purchased under resale
Aset keuangan yang diukur agreements
dengan harga perolehan
diamortisasi/Financial assets Kredit yang diberikan/Loans
measured at amortised cost
Aset keuangan/ Piutang pembiayaan konsumen/Consumer financing receivables
Financial assets
Tagihan akseptasi/Acceptance receivables
Pendapatan bunga yang masih akan diterima/Accrued interest income
Aset lain-lain/Other assets
Efek-efek/Marketable securities
Obligasi Pemerintah/Government Bonds
Aset keuangan yang diukur
pada nilai wajar melalui Efek-efek/Marketable securities
penghasilan komprehensif lain
/Financial assets measured at
fair value through other Obligasi Pemerintah/Government Bonds
comprehensive income
Tagihan derivatif - Terkait lindung
Derivatif lindung nilai/Hedging Lindung nilai atas nilai wajar/Hedging instruments in nilai atas nilai wajar/Derivative
derivatives fair value hedges receivables - Hedging instruments
in fair value hedges related
Halaman – 5/31 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 681
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Klasifikasi aset dan liabilitas keuangan (lanjutan) Classification of financial assets and liabilities
(continued)
Kategori yang didefinisikan oleh PSAK 109 Golongan (ditentukan oleh Bank CIMB Niaga dan
(sebelumnya PSAK 71)/ Entitas Anak)/ Sub golongan/Sub-classes
Category as defined by SFAS 109 (previously Class (as determined by Bank CIMB Niaga and
SFAS 71) Subsidiaries)
Liabilitas keuangan Liabilitas derivatif - bukan lindung nilai/ Derivative payables – non-hedging
yang diukur pada nilai
wajar melalui laba
rugi/Financial liabilities Simpanan dari nasabah/Deposits from customers
measured at fair value
through profit or loss Simpanan dari bank lain/Deposits from other banks
Liabilitas segera/Obligations due immediately
Simpanan dari nasabah/Deposits from customers
Simpanan dari bank lain/Deposits from other banks
Liabilitas keuangan
yang diukur dengan Efek-efek yang dijual dengan janji dibeli kembali/Securities sold under repurchase agreement
biaya perolehan
Liabilitas keuangan/ diamortisasi/Financial Liabilitas akseptasi/Acceptance payables
Financial liabilities liabilities measured at
amortised cost Efek-efek yang diterbitkan/Marketable securities issued
Pinjaman yang diterima/Borrowings
Beban yang masih harus dibayar dan liabilitas lain-lain/Accruals and other liabilities
Pinjaman subordinasi/Subordinated loans
Liabilitas derivatif - Terkait lindung
Derivatif lindung Lindung nilai atas nilai wajar/Hedging instruments in fair nilai atas nilai wajar/Derivative
nilai/Hedging value hedges payables - Hedging instruments in
derivatives
fair value hedges related
Komitmen dan
kontijensi instrumen Fasilitas kredit yang diberikan yang belum digunakan/Unused loan facilities granted
keuangan/
Commitment and
contingency financial Irrevocable letters of credit yang masih berjalan/Outstanding irrevocable letters of credit
instruments
Halaman – 5/32 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 682
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Reklasifikasi aset keuangan Reclassification of financial assets
Bank CIMB Niaga dan Entitas Anak diperkenankan Bank CIMB Niaga and Subsidiaries are permitted to
untuk melakukan reklasifikasi atas aset keuangan reclassify its financial assets if Bank CIMB Niaga and
yang dimiliki jika Bank CIMB Niaga dan Entitas Anak Subsidiaries change its business model for managing
mengubah model bisnis untuk pengelolaan aset financial assets while reclassification for financial
keuangan sedangkan reklasifikasi untuk liabilitas liabilities is not permitted.
keuangan tidak diperkenankan.
Perubahan model bisnis sifatnya harus berdampak Changes in business models must have a significant
secara signifikan terhadap kegiatan operasional impact on Bank CIMB Niaga and Subsidiaries’
Bank CIMB Niaga dan Entitas Anak seperti operational activities such as obtaining, releasing or
memperoleh, melepaskan, atau mengakhiri suatu lini terminating a business line.
bisnis.
Bank CIMB Niaga dan Entitas Anak akan Bank CIMB Niaga and Subsidiaries will reclassify
mereklasifikasi seluruh aset keuangan yang terkena financial assets affected by changes in business
dampak dari perubahan model bisnis. Perubahan models. Changes in Bank CIMB Niaga and
tujuan model bisnis Bank CIMB Niaga dan Entitas Subsidiaries’ business model objectives must have
Anak harus berdampak sebelum tanggal an impact before the reclassification date.
reklasifikasi.
Yang bukan merupakan perubahan model bisnis The followings are not changes in business model:
adalah:
- perubahan intensi berkaitan dengan aset - changes in intention relating to certain financial
keuangan tertentu (bahkan pada situasi assets (even in situations significant changes in
perubahan signifikan dalam kondisi pasar); market conditions);
- hilangnya sementara pasar tertentu untuk aset - temporary loss of certain markets for financial
keuangan; dan assets; and
- pengalihan aset keuangan antara bagian dari - transfer of financial assets between parts of Bank
Bank CIMB Niaga dan Entitas Anak dengan CIMB Niaga and Subsidiaries with different
model bisnis berbeda. business models.
Bank CIMB Niaga dan Entitas Anak menerapkan Bank CIMB Niaga and Subsidiaries apply a
reklasifikasi secara prospektif dari tanggal prospective reclassification of the date of the
reklasifikasi. Bank CIMB Niaga dan Entitas Anak reclassification. Bank CIMB Niaga and Subsidiaries
tidak menyajikan kembali keuntungan, kerugian do not restate profits, losses (including impairment
(termasuk keuntungan atau kerugian penurunan profit or loss), or interest recognised earlier.
nilai), atau bunga yang diakui sebelumnya.
Reklasifikasi aset keuangan dari kategori Reclassification of financial asset from amortised cost
pengukuran biaya perolehan diamortisasi menjadi to fair value through profit or loss, the fair value is
kategori pengukuran nilai wajar melalui laba rugi, measured on the date of reclassification. The gains
nilai wajarnya diukur pada tanggal reklasifikasi. or losses arising from the difference between the prior
Keuntungan atau kerugian yang timbul dari selisih amortised cost and fair value of financial assets are
antara biaya perolehan diamortisasi sebelumnya dan recognised in profit or loss.
nilai wajar aset keuangan diakui dalam laba rugi.
Halaman – 5/33 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 683
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Reklasifikasi aset keuangan (lanjutan) Reclassification of financial assets (continued)
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification of financial assets from the fair value
nilai wajar melalui laba rugi menjadi kategori through profit or loss to the amortised cost, the fair
pengukuran biaya perolehan diamortisasi, nilai wajar value on the reclassification date becomes the new
pada tanggal reklasifikasi menjadi jumlah tercatat gross recorded amount. The effective interest rate is
bruto yang baru. Suku bunga efektif dihitung sebagai calculated as the fair value basis at the date of
basis nilai wajar saat tanggal reklasifikasi. reclassification.
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification financial assets of from amortised
biaya perolehan diamortisasi menjadi kategori cost to fair value through other comprehensive
pengukuran nilai wajar melalui penghasilan income, the fair value is measured on the date of
komprehensif lain, nilai wajarnya diukur pada tanggal reclassification. The gains or losses arising from the
reklasifikasi. Keuntungan atau kerugian yang timbul difference between the previous amortised cost and
dari selisih antara biaya perolehan diamortisasi the fair value of the financial assets are recognised in
sebelumnya dan nilai wajar aset keuangan diakui other comprehensive income. Effective interest rates
dalam penghasilan komprehensif lain. Suku bunga and expected impairment loss measurements are not
efektif dan pengukuran kerugian penurunan nilai adjusted as a result of reclassification.
ekspektasian tidak disesuaikan sebagai akibat dari
reklasifikasi.
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification of financial assets from fair value
nilai wajar melalui penghasilan komprehensif lain through other comprehensive income to amortised
menjadi kategori pengukuran biaya perolehan cost, the financial asset is reclassified at fair value on
diamortisasi, aset keuangan direklasifikasi pada nilai the date of the reclassification. However, cumulative
wajarnya pada tanggal reklasifikasi. Akan tetapi gains or losses previously recognised in other
keuntungan atau kerugian kumulatif yang comprehensive income are removed from equity and
sebelumnya diakui dalam penghasilan komprehensif adjusted against the fair value of financial assets on
lain dihapus dari ekuitas dan disesuaikan terhadap the date of reclassification. Difference between fair
nilai wajar aset keuangan pada tanggal reklasifikasi. value on the date of reclassification and par value is
Selisih antara nilai wajar aset keuangan pada tanggal recorded as premium/discount and amortised
reklasifikasi dengan nilai par dicatat sebagai starting from the date of reclassification until maturity
premium/diskonto dan diamortisasi mulai dari tanggal date of that financial asset. Effective interest rates
reklasifikasi hingga tanggal jatuh tempo aset and expected impairment loss measurements are
keuangan tersebut. Suku bunga efektif dan not adjusted as a result of reclassification.
pengukuran kerugian penurunan nilai ekspektasian
tidak disesuaikan sebagai akibat dari reklasifikasi.
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification financial asset from fair value
nilai wajar melalui laba rugi menjadi kategori through profit or loss to fair value through other
pengukuran nilai wajar melalui penghasilan comprehensive income, fair value on the date of
komprehensif lain, nilai wajar pada tanggal reclassification to be new carrying value. Cumulative
reklasifikasi menjadi nilai tercatat yang baru. gains or losses previously recognised in profit or loss
Keuntungan atau kerugian kumulatif yang not reclassified to other comprehensive income.
sebelumnya diakui pada laba rugi tidak direklasifikasi
ke penghasilan komprehensif lain.
Halaman – 5/34 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 684
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Reklasifikasi aset keuangan (lanjutan) Reclassification of financial assets (continued)
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification of financial assets from fair value
nilai wajar melalui penghasilan komprehensif lain through other comprehensive income to fair value
menjadi kategori pengukuran nilai wajar melalui laba through profit or loss, fair value on the date of
rugi, nilai wajar pada tanggal reklasifikasi menjadi nilai reclassification is recorded as the new carrying value.
tercatat yang baru. Keuntungan atau kerugian Cumulative gains or losses previously recognised in
kumulatif yang sebelumnya diakui di penghasilan other comprehensive income are reclassified from
komprehensif lain direklasifikasi dari ekuitas ke laba equity to profit or loss as a reclassification
rugi sebagai penyesuaian reklasifikasi. adjustment.
Saling hapus instrumen keuangan Off-setting financial instruments
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset and the net
disalinghapuskan dan jumlah netonya dilaporkan amount is reported in the consolidated statements
pada laporan posisi keuangan konsolidasian ketika of financial position when there is a legally
terdapat hak yang berkekuatan hukum untuk enforceable right to offset the recognised amounts
melakukan saling hapus atas jumlah yang telah and there is an intention to settle on a net basis or
diakui tersebut dan adanya niat untuk realise the asset and settle the liability
menyelesaikan secara neto, atau untuk simultaneously.
merealisasikan aset dan menyelesaikan liabilitas
secara bersamaan.
Hak saling hapus tidak kontinjen atas peristiwa di The legally enforceable right must not be contingent
masa depan dan dapat dipaksakan secara hukum on future events and must be enforceable in the
dalam situasi bisnis yang normal dan dalam normal course of business and in the event of
peristiwa gagal bayar, atau peristiwa kepailitan atau default, insolvency or bankruptcy of the Bank and
kebangkrutan Bank dan Entitas Anak atau pihak Subsidiaries or the counterparty.
lawan.
h. Penurunan nilai dari aset keuangan h. Impairment of financial assets
Bank CIMB Niaga dan Entitas Anak menggunakan Bank CIMB Niaga and Subsidiaries uses the risk
pendekatan model parameter risiko yang parameter modelling approach that incorporates key
menggunakan beberapa parameter utama, antara lain parameters, including the Probability of Default
Probability of Default (“PD”), Loss Given Default (“PD”), Loss Given Default (“LGD”), Exposure at
(“LGD”), Exposure at Default (“EAD”) dan tingkat Default (“EAD”) and discount rate, after considering
diskonto, setelah memperhitungkan dampak asumsi forward-looking economic assumptions.
ekonomi masa depan.
a. Probability of Default (“PD”) a. Probability of Default (“PD”)
Probabilitas yang timbul di suatu waktu dimana The probability at a point in time that a
debitur mengalami gagal bayar, dikalibrasikan counterparty will default, calibrated over up to 12
sampai dengan periode 12 bulan dari tanggal months from the reporting date (stage 1) or over
laporan (tahap 1) atau sepanjang umur (tahap 2 the lifetime of the product (stage 2 and 3) and
incorporating the impact of forward-looking
dan 3) dan digabungkan pada dampak asumsi economic assumptions that have an effect on
ekonomi masa depan yang memiliki risiko kredit. credit risk. PD is estimated at a point in time that
PD diestimasikan pada point in time dimana hal means it will fluctuate in line with the economic
ini berfluktuasi sejalan dengan siklus ekonomi. cycle.
Halaman – 5/35 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 685
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
b. Loss Given Default (“LGD”) b. Loss Given Default (“LGD”)
Kerugian yang diperkirakan akan timbul dari The loss that is expected to arise on default,
debitur yang mengalami gagal bayar dengan incorporating the impact of relevant forward
menggabungkan dampak dari asumsi ekonomi looking economic assumptions (if any), which
masa depan yang relevan (jika ada) dimana hal represents the difference between the
ini mewakili perbedaan antara arus kas contractual cash flows due and those that Bank
kontraktual yang akan jatuh tempo dengan arus CIMB Niaga and Subsidiaries expect to receive.
kas yang diharapkan untuk diterima oleh Bank Bank CIMB Niaga and Subsidiaries estimate
CIMB Niaga dan Entitas Anak. Bank CIMB LGD based on the historical recovery rates and
Niaga dan Entitas Anak mengestimasikan LGD considers the recovery of any collateral that is
berdasarkan data historis dari tingkat pemulihan integral to the financial assets, taking into
dan memperhitungkan pemulihan yang berasal account forward looking economic assumptions if
dari jaminan terhadap aset keuangan dengan relevant.
mempertimbangkan asumsi ekonomi di masa
depan jika relevan.
c. Exposure at Default (“EAD”) c. Exposure at Default (“EAD”)
Perkiraan nilai eksposur neraca pada saat gagal The expected balance sheet exposure at the time
bayar dengan mempertimbangkan perubahan of default, taking into account that expected
ekspektasi yang diharapkan selama masa change in exposure over the lifetime of the
eksposur. Hal ini menggabungkan dampak exposure. This incorporates the impact of
penarikan fasilitas yang committed, drawdowns of committed facilities, repayments of
pembayaran pokok dan bunga, amortisasi dan principal and interest, amortization and
pembayaran dipercepat, bersama dengan prepayments, together with the impact of
dampak asumsi ekonomi masa depan jika forward-looking economic assumptions where
relevan. relevant.
Pada transaksi konvensionalnya, Bank CIMB Niaga In the conventional transaction, Bank CIMB Niaga and
dan Entitas Anak menggunakan pendekatan 3 tahap Subsidiaries use 3 stage approach to measure
dalam mengukur penurunan nilai dari kelompok aset impairment for financial assets recorded at amortised
keuangan yang dicatat berdasarkan biaya perolehan cost as follows:
diamortisasi yaitu:
a. Kerugian kredit ekspektasian 12 bulan a. 12 months expected credit losses (stage 1)
(tahap 1)
Kerugian kredit ekspektasian diakui pada saat Expected credit losses are recognised at the time
pengakuan awal instrumen keuangan dan of initial recognition of a financial instrument and
merepresentasikan kekurangan kas sepanjang represent the lifetime cash short falls arising from
umur aset yang timbul dari kemungkinan gagal possible default events up to twelve months into
bayar di masa yang akan datang dalam kurun the future from the reporting date. Expected
waktu dua belas bulan sejak tanggal pelaporan. credit losses continue to be determined on this
Kerugian kredit ekspektasian terus ditentukan basis until there is either a significant increase in
oleh dasar ini sampai timbul peningkatan risiko the credit risk of an instrument or the instrument
kredit yang signifikan pada instrumen tersebut becomes credit impaired. If an instrument is no
atau instrumen tersebut telah mengalami longer considered to exhibit a significant increase
penurunan nilai kredit. Jika suatu instrumen in credit risk, expected credit losses will revert to
tidak lagi dianggap menunjukkan peningkatan being recalculated on a twelve month basis.
risiko kredit yang signifikan, maka kerugian
kredit ekspektasian dihitung kembali
berdasarkan basis dua belas bulan.
Halaman – 5/36 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 686
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
b. Peningkatan risiko kredit yang signifikan b. Significant increase in credit risk (stage 2)
(tahap 2)
Jika aset keuangan mengalami peningkatan If a financial asset experiences a significant
risiko kredit yang signifikan (“SICR”) sejak increase in credit risk (“SICR”) since initial
pengakuan awal, kerugian kredit ekspektasian recognition, an expected credit loss provision is
diakui atas kejadian gagal bayar yang mungkin recognised for default events that may occur over
terjadi sepanjang umur aset. Peningkatan the lifetime of the asset. Significant increase in
signifikan dalam risiko kredit dinilai dengan credit risk is assessed by comparing the risk of
membandingkan risiko gagal bayar atas default of an exposure at the reporting date to the
eksposur pada tanggal pelaporan dengan risiko risk of default at origination (after taking into
gagal bayar saat pengakuan awal (setelah account the passage of time).
memperhitungkan perjalanan waktu dari akun
tersebut).
Signifikan tidak berarti signifikan secara statistik, Significant does not mean statistically significant
juga tidak dinilai dalam konteks perubahan nor is it assessed in the context of changes in
dalam cadangan kerugian kredit ekspektasian. expected credit loss. Whether a change in the
Perubahan atas risiko gagal bayar dinilai risk of default is significant or not is assessed
signifikan atau tidak, dinilai menggunakan using a number of quantitative and qualitative
sejumlah faktor kuantitatif dan kualitatif, yang factors, the weight of which depends on the type
bobotnya bergantung pada tipe produk dan of product and counterparty. Financial assets
pihak lawan. Aset keuangan dengan tunggakan that are 30 or more days past due and not credit
30 hari atau lebih dan tidak mengalami impaired will always be considered to have
penurunan nilai akan selalu dianggap telah experienced a significant increase in credit risk.
mengalami peningkatan risiko kredit yang
signifikan.
c. Eksposur yang mengalami penurunan nilai c. Credit impaired or defaulted exposures (stage 3)
kredit atau gagal bayar (tahap 3)
Aset keuangan yang mengalami penurunan nilai Financial assets that are credit impaired (or in
(atau gagal bayar) merupakan aset yang default) represent those that are at least 90 days
setidaknya telah memiliki tunggakan lebih dari past due in respect of principal and/or interest or
90 hari atas pokok dan/atau bunga atau memiliki has certain credit grades. Financial assets are
peringkat kredit tertentu. Aset keuangan juga also considered to be credit impaired where the
dianggap mengalami penurunan nilai kredit debtors are unlikely to pay on the occurrence of
dimana debitur kemungkinan besar tidak akan one or more observable events that have a
membayar dengan terjadinya satu atau lebih detrimental impact on the estimated future cash
kejadian yang teramati yang memiliki dampak flows of the financial asset.
menurunkan jumlah estimasi arus kas masa
depan dari aset keuangan tersebut.
Halaman – 5/37 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 687
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
c. Eksposur yang mengalami penurunan nilai kredit c. Credit impaired or defaulted exposures (stage 3)
atau gagal bayar (tahap 3) (lanjutan) (continued)
Cadangan kerugian penurunan nilai terhadap Loss provisions against credit impaired financial
aset keuangan yang mengalami penurunan nilai assets are determined based on an assessment
ditentukan berdasarkan penilaian terhadap arus of the recoverable cash flows under a range of
kas yang dapat dipulihkan berdasarkan sejumlah scenarios, including the realisation of any
skenario, termasuk realisasi jaminan yang collateral held where appropriate. The ECL will
dimiliki jika memungkinkan. KKE akan reflect weighted average of the scenarios based
mencerminkan rata-rata tertimbang dari skenario on the probability of the relevant scenario to
berdasarkan probabilitas dari skenario yang occur. The loss provisions held represent the
relevan untuk terjadi. Cadangan kerugian difference between the present value of the cash
penurunan nilai merupakan selisih antara nilai flows expected to be recovered, discounted at
sekarang dari arus kas yang diperkirakan akan the instrument’s original effective interest rate,
dipulihkan, didiskontokan pada suku bunga and the gross carrying value of the instrument
efektif awal, dan nilai tercatat bruto instrumen prior to any credit impairment.
sebelum penurunan nilai kredit.
Periode yang diperhitungkan ketika mengukur The period considered when measuring
kerugian kredit ekspektasian adalah periode expected credit loss is the shorter of the expected
yang lebih pendek antara umur ekspektasian life and the contractual term of the financial asset.
dan periode kontrak aset keuangan. Umur The expected life may be impacted by
ekspektasian dapat dipengaruhi oleh prepayments and the maximum contractual term
pembayaran dimuka dan periode kontrak by extension options. For certain revolving
maksimum melalui opsi perpanjangan kontrak. portfolios, including credit cards, the expected life
Untuk portofolio revolving tertentu, termasuk is assessed over the period that the Bank is
kartu kredit, umur ekspektasian dinilai sepanjang exposed to credit risk (which is based on the
periode dimana Bank terekspos dengan risiko length of time it takes for credit facilities to be
kredit (berdasarkan durasi waktu yang withdrawn) rather than the contractual term.
dibutuhkan untuk fasilitas kredit ditarik), bukan
sepanjang periode kontrak.
Sesuai dengan siaran pers dari Ikatan Akuntan In accordance to press conference of Indonesian
Indonesia (“IAI”) pada tanggal 10 Januari 2018 dan Institute of Accountants on 10 January 2018 and
Interpretasi Standar Akuntansi Keuangan (“ISAK”) Interpretation of Financial Accounting Standards
102, khusus untuk transaksi berbasis syariah (“ISFAS”) 102, particularly for sharia-based
pengukuran penurunan nilai dari kelompok aset transaction impairment losses from group of financial
keuangan masih belum mengadopsi PSAK 109 assets still has not adopted SFAS 109 (previously
(sebelumnya PSAK 71). SFAS 71).
Jika pada periode berikutnya, jumlah kerugian If in a subsequent period, the amount of the
penurunan nilai berkurang dan pengurangan tersebut impairment loss decreases and the decrease can be
dapat dikaitkan secara objektif pada peristiwa yang related objectively to an event occurring after the
terjadi setelah penurunan nilai diakui (misalnya impairment was recognised (such as an improvement
perbaikan pada rating kredit debitur), maka kerugian in the debtor’s credit rating), the previously recognised
penurunan nilai yang sebelumnya diakui harus impairment is reversed directly, or by adjusting the
dipulihkan, baik secara langsung, atau dengan allowance account. The amount of the impairment
menyesuaikan pos cadangan. Jumlah pemulihan reversal is recognised as profit or loss.
penurunan nilai diakui sebagai laba rugi.
Halaman – 5/38 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 688
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
Ketika kredit yang diberikan tidak tertagih, kredit When a loan is uncollectible, it is written off by reverse
tersebut dihapus buku dengan menjurnal balik the related allowance for impairment losses. Such
cadangan kerugian penurunan nilai. Kredit yang loans are written off after all the necessary procedures
diberikan tersebut dapat dihapus buku setelah semua have been completed and the amount of the loss has
prosedur yang diperlukan telah dilakukan dan jumlah been determined.
kerugian telah ditentukan.
Macroeconomic Variables (“MEV”) Macroeconomic Variables (“MEV”)
Sesuai dengan PSAK 109 (sebelumnya PSAK 71), In accordance with SFAS 109 (previously SFAS 71),
perhitungan kerugian kredit ekspektasian wajib the calculation of expected credit losses must consider
memperhitungkan pengaruh dari macroeconomic the effect of the current macroeconomic forecast when
forecast sekarang pada saat pembuatan permodelan making the model in calculating the expected credit
dalam menghitung kerugian kredit ekspektasian. Bank losses. Bank CIMB Niaga and Subsidiaries had
CIMB Niaga dan Entitas Anak telah memperhitungkan considered several MEV relevant to this modelling and
beberapa MEV yang relevan dengan permodelan have updated the MEV forecast at least once a year.
tersebut dan melakukan pengkinian MEV forecast The relevance of the MEV is measured using statistical
paling sedikit satu tahun sekali. Relevansi MEV regression analysis and reviewed periodically by
tersebut diukur dengan menggunakan analisis regresi involving several experts such as economic teams,
statistik dan direviu secara berkala dengan melibatkan directorate risk and consultants in its development to
beberapa tenaga ahli seperti tim ekonomi, direktorat provide an overview of the best forecast of the current
risk dan konsultan dalam pengembangannya untuk economy as well as predictions for the economics’
memberikan gambaran perkiraan terbaik terhadap going concern.
perekonomian saat ini serta prediksi untuk
perekonomian ke depan.
Seperti halnya perkiraan ekonomi lainnya, proyeksi dan As with any economic forecasts, the projections and
kemungkinan terjadi bergantung pada ketidakpastian likelihoods of occurrence are subject to inherent
yang melekat dan oleh karena itu hasil aktual mungkin uncertainty and therefore the actual outcomes may be
berbeda dengan yang diproyeksikan. Bank CIMB Niaga different to those projected. Bank CIMB Niaga and
dan Entitas Anak menganggap perkiraan ini untuk Subsidiaries consider these forecasts to represent its
mewakili perkiraan terbaik atas hasil yang paling best estimate of the possible outcomes and has
memungkinkan dan telah menganalisis nonlinearitas analysed the non-linearities and asymmetries within
dan asimetri dalam portofolio Bank CIMB Niaga dan Bank CIMB Niaga and Subsidiaries’ different portfolios to
Entitas Anak yang berbeda untuk menetapkan bahwa establish that the chosen scenarios are appropriately
skenario yang dipilih mewakili secara tepat dari berbagai representative of the range of possible scenarios.
skenario yang memungkinkan.
\
Halaman – 5/39 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 689
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
Bank CIMB Niaga dan Entitas Anak juga telah Bank CIMB Niaga and Subsidiaries have also made loan
melakukan restrukturisasi kredit untuk mendukung restructuring to support personal and business customers
nasabah perseorangan dan bisnis melalui masa-masa through these challenging times, including payment
sulit ini, termasuk penundaan pembayaran, penurunan holidays, decrease in interest rate, and liquidity relief for
tingkat suku bunga, dan bantuan likuiditas bisnis untuk businesses facing market uncertainty.
menghadapi ketidakpastian pasar.
Dalam menilai kondisi masa depan, Bank CIMB Niaga In assessing future conditions, Bank CIMB Niaga and
dan Entitas Anak telah mempertimbangkan berbagai Subsidiaries have considered various relevant
informasi relevan yang tersedia, termasuk information available, including introduced more criteria
memperkenalkan lebih banyak kebijakan kriteria untuk policy for staging, rigorous monitoring in assessing the
pendekatan tahapan, pemantauan yang ketat dalam customers requiring stimulus on individual account basis
menilai pelanggan yang membutuhkan stimulus and downgraded accordingly when necessary as the
berdasarkan akun perorangan dan akan diturunkan additional effort to address the concern of need for
apabila diperlukan sebagai upaya tambahan untuk pandemic including further assessment during the
mengatasi kekhawatiran terhadap pandemi, termasuk watchlist process through more stratification on the risk
penilaian lebih lanjut dalam hal proses watchlist melalui level.
stratifikasi yang lebih ditekankan pada tingkat risiko.
Bank CIMB Niaga dan Entitas Anak menyesuaikan Bank CIMB Niaga and Subsidiaries also adjust
skenario makro ekonomi pada metodologi perhitungan macro-economic scenario for expected credit loss
kerugian kredit ekspektasian. Bank CIMB Niaga dan calculation methodology. Bank CIMB Niaga and
Entitas Anak terus mengikuti metodologi ini dalam Subsidiaries continue to follow this methodology in
menghasilkan rata-rata tertimbang pada kerugian kredit generating consensus probability-weighted expected
ekspektasian secara konsensus, dengan skenario credit loss, with additional scenarios and management’s
tambahan dan penyesuaian manajemen yang adjustments supplementing this expected credit loss
melengkapi kerugian kredit ekspektasian yang menurut where, in Bank CIMB Niaga and Subsidiaries’ opinion,
Bank CIMB Niaga dan Entitas Anak, perkiraan the consensus forecast does not fully capture the extent
konsensus tidak sepenuhnya menangkap tingkat kredit of recent credit or economic events.
atau peristiwa ekonomi baru-baru ini.
i. Kas i. Cash
Kas meliputi kas kecil, kas besar, kas di dalam Cash includes petty cash, cash, cash in Automatic
Anjungan Tunai Mandiri (“ATM”)/Cash Deposit Teller Machines (“ATMs”)/Cash Deposit Machine
Machine (“CDM”), dan bank notes. (“CDMs”), and bank notes.
j. Giro pada bank lain dan Bank Indonesia j. Current accounts with other banks and Bank
Indonesia
Giro pada bank lain dan Bank Indonesia (“BI”) Current account with other banks and Bank Indonesia
diklasifikasikan sebagai biaya perolehan yang (“BI”) are classified as amortised cost. Refer to Note 2f
diamortisasi. Lihat Catatan 2f untuk kebijakan for the accounting policy of amortised cost.
akuntansi atas biaya perolehan yang diamortisasi.
Giro pada bank lain dan Bank Indonesia dinyatakan Current accounts with other banks and Bank
sebesar saldo giro dikurangi dengan cadangan Indonesia are stated at the outstanding balance less
kerugian penurunan nilai. allowance for impairment losses.
Halaman – 5/40 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 690
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
j. Giro pada bank lain dan Bank Indonesia (lanjutan) j. Current accounts with other banks and Bank
Indonesia (continued)
Giro Wajib Minimum (dahulu disebut Giro Wajib Minimum Statutory Reserve (previously Primary
Minimum Primer) adalah simpanan minimum yang Minimum Statutory Reserve) is minimum deposit that
wajib dipelihara oleh Bank dalam bentuk saldo should be maintained by Bank in current account with
rekening giro pada BI yang besarnya ditetapkan oleh BI in certain percentage of third party fund which is
BI sebesar persentase tertentu dari dana pihak ketiga. determined by BI.
Penyangga Likuiditas Makroprudensial (dahulu Macroprudential Liquidity Buffer (previously
disebut Giro Wajib Minimum Sekunder) adalah Secondary Minimum Statutory Reserve) is minimum
cadangan minimum yang wajib dipelihara oleh Bank reserve that should be maintained by Bank in form of
dalam bentuk Sertifikat Bank Indonesia (“SBI”), Certificate of Bank Indonesia (“SBI”), Bank Indonesia
Sekuritas Rupiah Bank Indonesia (“SRBI”), Sertifikat Rupiah Securities (“SRBI”), Bank Indonesia Deposit
Deposito Bank Indonesia (“SDBI”), Surat Utang Certificate (“SDBI”), Government Debenture Debt
Negara (“SUN”) dan/atau Surat Berharga Negara (“SUN”) and/or Government Commercial Notes
(“SBN”), yang besarnya ditetapkan BI sebesar (“SBN”), in certain percentage determined by BI.
persentase tertentu.
k. Penempatan pada bank lain dan Bank Indonesia k. Placements with other banks and Bank Indonesia
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia are
diklasifikasikan sebagai biaya perolehan diamortisasi. classified as amortised cost. Refer to Note 2f for the
Lihat Catatan 2f untuk kebijakan akuntansi atas biaya accounting policy of amortised cost.
perolehan diamortisasi.
l. Efek-efek dan Obligasi Pemerintah l. Marketable securities and Government Bonds
Efek-efek yang dimiliki terdiri dari SRBI, obligasi Marketable securities consist of SRBI, corporate
korporasi, wesel jangka menengah, tagihan wesel bonds, medium term notes, export bills receivable,
ekspor, reksa dana dan efek-efek pasar uang dan mutual fund, and other money market and capital
pasar modal lainnya. market securities.
Efek-efek dan Obligasi Pemerintah diklasifikasikan Marketable securities and Government Bonds are
sebagai aset keuangan yang diukur pada nilai wajar classified as financial assets at fair value through profit
melalui laba rugi, penghasilan komprehensif lain, dan or loss, other comprehensive income, and amortised
biaya perolehan diamortisasi. Lihat Catatan 2f untuk cost. Refer to Note 2f for the accounting policy of
kebijakan akuntansi atas aset keuangan dalam financial assets measured at fair value through profit
kelompok diukur pada nilai wajar melalui laba rugi, or loss, other comprehensive income, and amortised
penghasilan komprehensif lain, dan biaya perolehan cost. Investments in mutual funds units are stated at
diamortisasi. Investasi dalam unit reksa dana market value, in accordance with the net assets value
dinyatakan sebesar nilai pasar sesuai nilai aset bersih of mutual funds at the date of the consolidated
dari reksa dana pada tanggal laporan posisi statements of financial position.
keuangan konsolidasian.
Efek-efek dan Obligasi Pemerintah yang memiliki Marketable securities and Government Bonds which
jatuh tempo kurang dari satu tahun diklasifikasikan have maturity less than one year are classified as
sebagai investasi likuid. liquid investment.
Halaman – 5/41 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 691
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
m. Efek-efek yang dibeli dengan janji dijual kembali m. Securities purchased under resale agreements
dan efek-efek yang dijual dengan janji dibeli and securities sold under repurchase agreements
kembali
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements
(reverse repo) diklasifikasikan sebagai aset keuangan (reverse repo) are classified as financial assets at fair
yang diukur pada nilai wajar melalui laba rugi dan value through profit or loss and amortised cost. Refer
biaya perolehan diamortisasi. Lihat Catatan 2f untuk to Note 2f for the accounting policy for financial assets
kebijakan akuntansi atas aset keuangan yang classified as financial assets at fair value through profit
diklasifikasikan sebagai aset keuangan yang diukur or loss and amortised cost.
pada nilai wajar melalui laba rugi dan biaya perolehan
diamortisasi.
Efek-efek yang dijual dengan janji untuk dibeli kembali Securities sold under repurchase agreements (repo)
(repo) disajikan sebagai liabilitas dalam laporan posisi are presented as liabilities in the consolidated
keuangan konsolidasian sebesar harga beli kembali statements of financial position at the agreed
yang disepakati dikurangi selisih antara harga jual dan repurchase price net of the difference between the
harga beli kembali yang disepakati (beban bunga selling price and the agreed repurchase price (prepaid
dibayar dimuka). Selisih antara harga jual dan harga interest expense). The difference between the selling
beli kembali yang disepakati tersebut diamortisasi price and the agreed repurchase price is amortised as
sebagai beban bunga selama jangka waktu sejak interest expense over the period commencing from the
efek-efek dijual hingga dibeli kembali. selling date to the repurchase date.
Efek-efek yang dijual dengan janji untuk dibeli kembali Securities sold under repurchase agreements are
diklasifikasikan sebagai liabilitas keuangan yang classified as financial liabilities at amortised cost.
diukur dengan biaya perolehan diamortisasi. Lihat Refer to Note 2f for the accounting policy for financial
Catatan 2f untuk kebijakan akuntansi atas liabilitas liabilities at amortised cost.
keuangan yang diukur dengan biaya perolehan
diamortisasi.
n. Instrumen keuangan derivatif dan lindung nilai n. Derivative financial instruments and hedging
Akuntansi instrumen keuangan derivatif Accounting for derivative financial instruments
Dalam melakukan usaha bisnisnya, Bank CIMB Niaga In the normal course of business, Bank CIMB Niaga
melakukan transaksi instrumen keuangan derivatif enters into transactions involving derivative financial
seperti kontrak tunai dan berjangka mata uang asing, instruments such as foreign currency spot and forward
foreign currency swaps, kontrak opsi mata uang contracts, foreign currency swaps, foreign currency
asing, dan swap tingkat suku bunga. Instrumen options contracts, and interest rate swaps. Derivative
keuangan derivatif dinilai dan dibukukan di laporan financial instruments are valued and recorded on
posisi keuangan konsolidasian pada nilai wajar consolidated statements of financial position at their
dengan menggunakan harga pasar. Derivatif dicatat fair value using market rates. Derivatives are carried
sebagai aset apabila memiliki nilai wajar positif dan as assets when the fair value is positive and as
sebagai liabilitas apabila memiliki nilai wajar negatif. liabilities when the fair value is negative.
Keuntungan atau kerugian yang terjadi dari Gains or losses as a result of fair value changes are
perubahan nilai wajar diakui sebagai laba rugi. recognised as current year profit or loss.
Halaman – 5/42 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 692
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
n. Instrumen keuangan derivatif dan lindung nilai n. Derivative financial instruments and hedging
(lanjutan) (continued)
Akuntansi untuk aktivitas lindung nilai Accounting for hedging activities
Instrumen keuangan derivatif pada awalnya diakui di Derivative financial instruments are initially
laporan posisi keuangan konsolidasian berdasarkan recognised in the consolidated statements of financial
nilai wajar pada tanggal kontrak derivatif disepakati position at fair value on the date a derivative contract
dan selanjutnya dinilai kembali berdasarkan nilai is entered into and subsequently are remeasured at
wajarnya. Metode untuk mengakui keuntungan atau their fair values. The method of recognising the
kerugian yang terjadi tergantung pada sifat dari objek resulting gain or loss is dependent on the nature of
yang dilindungi nilainya. Bank CIMB Niaga the item being hedged. Bank CIMB Niaga designates
mengelompokkan derivatif sebagai instrumen lindung certain derivatives as a hedge of the fair value of a
nilai terhadap nilai wajar suatu aset atau liabilitas yang recognised asset or liability or of an unrecognised firm
diakui atau terhadap komitmen teguh yang belum commitment (fair value hedge).
diakui (lindung nilai atas nilai wajar).
Walaupun merupakan sarana lindung nilai ekonomis Certain derivative transactions, whilst providing
yang efektif berdasarkan kebijakan manajemen risiko effective economic hedges under Bank CIMB Niaga’s
Bank CIMB Niaga, beberapa transaksi derivatif risk management policy, do not qualify for hedge
tertentu tidak memenuhi persyaratan sebagai accounting under the specific rules in SFAS 109
akuntansi lindung nilai berdasarkan ketentuan (previously SFAS 71).
PSAK 109 (sebelumnya PSAK 71).
Pada awal terjadinya transaksi, Bank CIMB Niaga At the inception of transaction, Bank CIMB Niaga
mendokumentasikan hubungan antara instrumen documents the relationship between hedging
lindung nilai dan unsur yang dilindungi nilainya, juga instruments and hedged items, as well as its risk
tujuan manajemen risiko dan strategi yang diterapkan management objective and strategy for undertaking
dalam melakukan berbagai macam transaksi lindung various hedge transactions. This process includes
nilai. Proses dokumentasi ini menghubungkan linking all derivatives designated as hedges to specific
derivatif yang ditujukan sebagai lindung nilai dengan assets and liabilities or specific firm commitments or
aset dan liabilitas tertentu atau dengan komitmen atau forecast transactions. If the hedge ratio for risk
transaksi tertentu yang diperkirakan. Jika rasio management purposes is no longer optimal but the
lindung nilai untuk tujuan manajemen risiko tidak lagi risk management objective remains unchanged and
optimal tetapi tujuan manajemen risiko tetap tidak the hedge continues to qualify for hedge accounting,
berubah dan lindung nilai terus memenuhi syarat the hedge relationship will be rebalanced by adjusting
untuk akuntansi lindung nilai, hubungan lindung nilai either the volume of the hedging instrument or the
akan diseimbangkan dengan menyesuaikan volume volume of the hedged item so that the hedge ratio
instrumen lindung nilai atau volume item yang aligns with the ratio used for risk management
dilindungi nilai sehingga rasio lindung nilai sejalan purposes. Any hedge ineffectiveness is calculated
dengan rasio yang digunakan untuk tujuan and accounted for in profit or loss at the time of the
manajemen risiko. Ketidakefektifan lindung nilai hedge relationship rebalancing.
dihitung dan dicatat dalam laba rugi pada saat
penyeimbangan kembali hubungan lindung nilai.
Nilai wajar berbagai instrumen derivatif yang The fair values of various derivative instruments used
digunakan untuk tujuan lindung nilai diungkapkan for hedging purposes are disclosed in Note 11.
dalam Catatan 11.
Halaman – 5/43 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 693
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
o. Kredit yang diberikan o. Loans
Setelah pengakuan awal, kredit yang diberikan diukur Subsequent to initial recognition, loans are measured
pada biaya perolehan diamortisasi (Catatan 2f). Untuk at amortised cost (Note 2f). For loan which classified
kredit yang diberikan dengan biaya perolehan as amortised cost, it is subsequently measured by
diamortisasi, setelah pengakuan awal diukur using the effective interest method.
menggunakan suku bunga efektif.
Termasuk dalam kredit yang diberikan adalah Included in loans is the sharia financing which is
pembiayaan syariah yang terdiri dari piutang consist of murabahah receivables, qardh receivables,
murabahah, piutang qardh, pembiayaan musyarakah, musyarakah financing, mudharabah financing, and
pembiayaan mudharabah, dan ijarah. Murabahah ijarah. Murabahah is the agreement for sale and
adalah akad jual beli barang dengan harga jual purchase of goods with sales price equivalent to cost
sebesar biaya perolehan ditambah keuntungan plus agreed margin, where the seller should inform
(marjin) yang disepakati dan penjual harus the purchase cost to buyer. Qardh is the
mengungkapkan biaya perolehan barang tersebut loan/borrowing funds without profit wherein the
kepada pembeli. Qardh adalah akad pinjam borrower return the principal of the loan at lump sum
meminjam dana tanpa imbalan dengan liabilitas pihak or on installment over certain period. Musyarakah is
peminjam mengembalikan pokok pinjaman secara the agreement between investors (musyarakah
sekaligus atau cicilan dalam jangka waktu tertentu. partners) for a joint-venture in a partnership, based
Musyarakah adalah akad kerjasama antara dua pihak on the agreed nisbah sharing portion, while losses
atau lebih untuk suatu usaha tertentu, dimana will be proportionately distributed based on the capital
masing-masing pihak memberikan kontribusi dana contribution. These funds including cash or non-cash
dengan ketentuan bahwa keuntungan dibagi assets which are allowed by sharia principle.
berdasarkan kesepakatan sedangkan kerugian Descendant of musyarakah financing (musyarakah
berdasarkan porsi kontribusi dana. Dana tersebut mutanaqisha) is musyarakah with condition that the
meliputi kas atau aset nonkas yang diperkenankan portion of fund of one of the musyarakah partners will
oleh syariah. Pembiayaan musyarakah menurun be transferred in several stages to the other partner,
(musyarakah mutanaqisha) adalah musyarakah resulting in the declining of fund portion of one of the
dengan ketentuan bagian dana salah satu mitra akan musyarakah partners, and at the end of contract, the
dialihkan secara bertahap kepada mitra lainnya other partner will become the sole owner of the
sehingga bagian dananya akan menurun dan pada partnership. Mudharabah is an agreement between
akhir masa akad mitra lain tersebut akan menjadi Bank CIMB Niaga as an owner of funds (shahibul
pemilik penuh usaha tersebut. Mudharabah adalah maal) and customer as a fund manager (mudharib) to
akad kerjasama usaha antara Bank CIMB Niaga run a business with pre-defined terms of gain or loss
sebagai pemilik dana (shahibul maal) dan nasabah (nisbah). Ijarah is a lease agreement between lessor
selaku pengelola dana (mudharib), menjalankan and lessee to get margin from leased object.
usaha dengan penentuan awal keuntungan atau
kerugian (nisbah). Ijarah adalah akad sewa-menyewa
antara pemilik (objek sewa) dan penyewa untuk
mendapatkan imbalan atas objek sewa yang
disewakannya.
Piutang syariah dengan akad Murabahah disajikan Sharia receivables with Murabahah agreement is
sebesar jumlah pembiayaan dikurangi cadangan stated at their outstanding balance less allowance for
kerugian penurunan nilai sesuai dengn PSAK 402 impairment losses as required by SFAS 402
(sebelumnya PSAK 102) tentang Akuntansi (previously SFAS 102) regarding Accounting for
Murabahah. Murabahah.
Halaman – 5/44 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 694
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
o. Kredit yang diberikan (lanjutan) o. Loans (continued)
Bank membentuk cadangan kerugian penurunan nilai The Bank provides the allowance for impairment
dengan jumlah minimum untuk pembiayaan syariah losses with a minimum amount for Sharia financing
yang terdiri dari piutang qardh, pembiayaan which is consist of qardh receivables, musyarakah
musyarakah, pembiayaan mudharabah dan ijarah financing, mudharabah financing and ijarah based on
berdasarkan Peraturan Otoritas Jasa Keuangan the Regulation of the Financial Services Authority
(“POJK”) No. 02/POJK.03/2022 tanggal 31 Januari (“POJK”) No. 02/POJK.03/2022 dated 31 January
2022 tentang “Penilaian Kualitas Aset Bank Umum 2022 regarding “Asset Quality Ratings for Sharia
Syariah dan Unit Usaha Syariah” yang berlaku efektif Bank and Sharia Business Unit” which was effective
tanggal 7 Februari 2022 yang menggantikan POJK No. as at 7 February 2022 which replaces POJK No.
19/POJK.03/2018 tentang Perubahan atas Peraturan 19/POJK.03/2018 concerning Amendments to
Otoritas Jasa Keuangan No. 16/POJK.03/2014 tentang Financial Services Authority Regulation No.
Penilaian Kualitas Aset Bank Umum Syariah dan Unit 16/POJK.03/2014 concerning Asset Quality
Usaha Syariah. Assessment of Sharia Commercial Banks and Sharia
Business Units.
Cadangan kerugian minimum yang harus dibentuk The minimum allowance to be provided in accordance
sesuai dengan POJK adalah sebagai berikut: with POJK is as follows:
1) Cadangan umum, ditetapkan paling rendah 1) General reserve, shall be no less than 1% of total
sebesar 1% dari aset produktif yang digolongkan earning assets classified as current, excluding
lancar diluar giro dan penempatan pada Bank current accounts and placements with Bank
Indonesia, surat berharga yang diterbitkan Indonesia, securities issued by the government
pemerintah berdasarkan prinsip syariah dan aset based on sharia principles and part of earning
produktif yang dijamin dengan agunan tunai. assets guaranteed cash collateral.
2) Cadangan khusus, sekurang-kurangnya sebesar: 2) Special reserves, shall be at least:
a. 5% dari aset produktif yangdigolongkan Dalam a. 5% of earning assets classified as Special
Perhatian Khusus setelah dikurangi nilai Mention after deducting the collateral value;
agunan;
b. 15% dari aset produktif yang digolongkan b. 15% of earning assets classified as
Kurang Lancar setelah dikurangi nilai agunan; Substandard after deducting the collateral
value;
c. 50% dari aset produktif yang digolongkan c. 50% of earning assets classified as Doubtful
Diragukan setelah dikurangi nilai agunan; dan after deducting the collateral value; and
d. 100% dari aset produktif yang digolongkan d. 100% of earning assets classified as Loss
Macet setelah dikurangi nilai agunan. after deducting the collateral value.
Kriteria penilaian nilai agunan yang dapat dikurangkan The criteria for assessment of the value of collateral
dalam pembentukan cadangan kerugian penurunan that can be deducted in the calculation of allowance
nilai sesuai dengan POJK. for impairment losses are based on POJK.
Bank CIMB Niaga dan Entitas Anak menghitung Bank CIMB Niaga and Subsidiaries assets the
cadangan kerugian penurunan nilai atas allowance for impairment losses for sharia
piutang/pembiayaan syariah secara kolektif receivables/financing collectively using the risk
menggunakan pendekatan model parameter risiko parameter modelling approach that incorporates key
dengan menggunakan parameter utama yaitu PD dan parameters, including PD and LGD.
LGD.
Halaman – 5/45 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 695
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
o. Kredit yang diberikan (lanjutan) o. Loans (continued)
Dalam hal restrukturisasi kredit bermasalah dilakukan In troubled debt restructuring which only involves
hanya dengan modifikasi persyaratan kredit, Bank modification of the credit terms, Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak mencatat dampak Subsidiaries account for the restructuring’s effect
restrukturisasi tersebut secara prospektif dan tidak prospectively and does not change the carrying
mengubah nilai tercatat kredit yang diberikan pada amount of the loans at the time of restructuring, unless
tanggal restrukturisasi, kecuali jika jumlahnya melebihi the amount exceeds the present value of the total
nilai kini penerimaan kas masa depan yang ditentukan future cash receipts specified in the new terms. If the
dalam persyaratan baru. Jika nilai kini penerimaan kas present value of the total future cash receipts specified
masa depan sebagaimana yang ditentukan dalam in the new terms is lower than the carrying amount of
persyaratan baru dari kredit yang direstrukturisasi the loans prior to restructuring, Bank CIMB Niaga and
tersebut lebih rendah daripada nilai tercatat kredit Subsidiaries reduces the loans balance to the amount
yang diberikan sebelum direstrukturisasi, Bank CIMB equal to the present value of the total future cash
Niaga dan Entitas Anak harus mengurangkan saldo receipts. The amount of the reduction is charged in
kredit yang diberikan ke suatu jumlah yang sama current year’s profit or loss.
dengan jumlah nilai kini penerimaan kas masa depan.
Jumlah pengurangan tersebut dibebankan pada laba
rugi tahun berjalan.
p. Piutang pembiayaan konsumen p. Consumer financing receivables
Piutang pembiayaan konsumen Entitas Anak The Subsidiaries’ consumer financing receivables are
diklasifikasikan sebagai biaya perolehan diamortisasi. classified as amortised cost. Refer to Note 2f for the
Lihat Catatan 2f untuk kebijakan akuntansi atas biaya accounting policy of amortised cost.
perolehan diamortisasi.
Pada saat pengakuan awal, piutang pembiayaan Consumer financing receivables are initially measured
konsumen diukur pada nilai wajar atau nilai wajar at fair value or fair value plus/minus transaction costs
ditambah/dikurangi biaya dan pendapatan transaksi. and income. At initial recognition, the fair value of
Pada saat pengakuan awal, nilai wajar pembiayaan consumer financing receivable represents the
konsumen merupakan jumlah piutang dikurangi receivable deducted by unearned income.
pendapatan yang ditangguhkan.
Selanjutnya, piutang pembiayaan konsumen diukur Subsequently, consumer financing receivables are
dengan biaya perolehan diamortisasi menggunakan measured at amortised cost using the effective interest
metode suku bunga efektif setelah dikurangi dengan rate method net of unearned income on consumer
pendapatan yang ditangguhkan dan cadangan financing and allowance impairment losses.
kerugian penurunan nilai.
Pendapatan pembiayaan konsumen Entitas Anak The Subsidiaries unearned consumer financing
yang belum diakui merupakan selisih antara jumlah income is the difference between total installments to
keseluruhan pembayaran angsuran yang akan be received from customers and total financing which
diterima dari konsumen dan jumlah pokok is recognised as earned income over the term of the
pembiayaan, yang diakui sebagai penghasilan contract based on a contract rate of return periodically
sepanjang jangka waktu kontrak berdasarkan suatu on the net investment commencing at the time the
tarif pengembalian menurut kontrak yang dihitung consumer financing is executed.
secara berkala atas nilai investasi bersih terhitung
sejak pembiayaan konsumen dilakukan.
Halaman – 5/46 – Page
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Page 696
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
p. Piutang pembiayaan konsumen (lanjutan) p. Consumer financing receivables (continued)
Penyelesaian kontrak sebelum masa pembiayaan Early termination is treated as a cancellation of an
konsumen berakhir diperlakukan sebagai pembatalan existing contract and the resulting gain or loss is
kontrak pembiayaan konsumen dan keuntungan atau charged as current period profit or loss.
kerugian yang timbul diakui sebagai laba rugi periode
berjalan.
Dalam pembiayaan bersama, Entitas Anak berhak For joint financing agreements, the Subsidiaries have
menentukan tingkat bunga yang lebih tinggi kepada the right to set higher interest rate to the consumer
konsumen dibandingkan dengan tingkat bunga yang than stated in the joint financing agreement with the
ditetapkan dalam perjanjian pembiayaan bersama joint financing provider.
dengan penyedia fasilitas pembiayaan bersama.
Piutang pembiayaan bersama “without recourse” Joint financing receivables without recourse are
disajikan di laporan posisi keuangan konsolidasian presented on a net basis in the consolidated
secara bersih. Pendapatan pembiayaan konsumen statements of financial position. Consumer financing
dan beban bunga yang terkait dengan pembiayaan income and interest expenses related to joint
bersama “without recourse” disajikan secara bersih financing without recourse are presented on a net
sebagai laba rugi. basis as profit or loss.
Jaminan kendaraan yang dikuasai kembali oleh Net realisable value of repossessed vehicle obtained
Entitas Anak dinyatakan berdasarkan nilai terendah by the Subsidiaries are stated at the lower of related
antara nilai tercatat piutang pembiayaan konsumen consumer financing receivables’ carrying value or net
atau nilai realisasi bersih. Selisih antara nilai tercatat realisable value of the repossessed assets. The
dan nilai realisasi bersih dicatat sebagai cadangan difference between the carrying value and net
kerugian penurunan nilai dan dibebankan sebagai realisable value is recorded as allowance for
laba rugi. Dalam upaya penyelesaian piutang, impairment losses and is charged as profit or loss. In
konsumen memberi kuasa kepada Entitas Anak untuk case of default, the consumer gives the right to the
menjual kendaraan ataupun melakukan tindakan Subsidiaries to sell repossessed assets or take any
lainnya bila terjadi wanprestasi terhadap perjanjian other actions to settle the outstanding consumer
pembiayaan. Jika harga jual jaminan kendaraan lebih financing receivables. If the sale price of the
rendah dibandingkan dengan nilai saldo piutang repossessed vehicles is lower compared to the
pembiayaan, maka selisih tersebut dibebankan consumer financing receivable, then the difference is
sebagai laba rugi. Apabila harga jual jaminan charged as profit or loss. If the sale price of the
kendaraan lebih tinggi dibandingkan dengan nilai repossessed vehicles is higher compared to the
saldo piutang pembiayaan, ditambah dengan biaya- consumer financing receivable, plus collection and
biaya penarikan dan pemeliharaan jaminan maka main finance cost of reposed vehicles then the
selisih tersebut akan dikembalikan kepada konsumen. difference will be paid back to the consumers.
Halaman – 5/47 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 697
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
q. Tagihan dan liabilitas akseptasi q. Acceptance receivables and payables
Tagihan akseptasi diklasifikasikan sebagai biaya Acceptance receivables are classified as amortised
perolehan diamortisasi. Lihat Catatan 2f untuk cost. Refer to Note 2f for the accounting policy of
kebijakan akuntansi atas biaya perolehan amortised cost.
diamortisasi.
Liabilitas akseptasi diklasifikasikan sebagai liabilitas Acceptance payables are classified as financial
keuangan yang diukur dengan biaya perolehan liabilities at amortised cost. Refer to Note 2f for the
diamortisasi. Lihat Catatan 2f untuk kebijakan accounting policy for financial liabilities are measured
akuntansi atas liabilitas keuangan yang diukur dengan at amortised cost.
biaya perolehan diamortisasi.
r. Penyertaan r. Investments
Penyertaan merupakan penanaman dana dalam Investments represent share investments in non-
bentuk saham pada perusahaan nonpublik yang public companies engaged in the financial services
bergerak di bidang jasa keuangan untuk tujuan jangka industry held for the long term, which is recorded at
panjang, yang dicatat pada nilai estimasinya yaitu estimated value being its acquisition cost and
harga perolehan dengan mempertimbangkan consider the changes in fair value.
perubahan pada nilai wajar.
Bank CIMB Niaga menyajikan laporan keuangan Bank CIMB Niaga presents separate financial
tersendiri sebagai informasi tambahan (lihat Catatan statements as additional information (see Note 62).
62). Sehingga sesuai dengan ketentuan PSAK 227 Therefore, in accordance with SFAS 227 (previously
(sebelumnya PSAK 4), Bank CIMB Niaga mencatat SFAS 4), Bank CIMB Niaga records investments in
investasi pada Entitas Anak dengan metode harga Subsidiaries using the cost method in those separate
perolehan pada laporan keuangan tersendiri tersebut. financial statements.
s. Aset tetap dan penyusutan s. Fixed assets and depreciation
Tanah dan bangunan disajikan sebesar nilai wajar, Land and buildings are presented at fair value less
dikurangi akumulasi penyusutan untuk bangunan dan accumulated depreciation for buildings and
akumulasi rugi penurunan nilai (jika ada). Penilaian accumulated impairment loss (if any). Valuation of
terhadap tanah dan bangunan dilakukan oleh penilai land and buildings are performed by certified external
independen eksternal. Penilaian atas aset tersebut independent valuers. Valuations are performed with
dilakukan secara berkala setiap 3 tahun untuk sufficient regularity every 3 years to ensure that the
memastikan bahwa nilai wajar aset yang direvaluasi fair value of revalued asset does not differ materially
tidak berbeda secara material dengan nilai from its carrying amount. Any accumulated
tercatatnya. Akumulasi penyusutan pada tanggal depreciation at the date of revaluation is eliminated
revaluasi dieliminasi terhadap nilai tercatat bruto aset against the gross carrying amount of the asset, and
dan nilai netonya disajikan kembali sebesar nilai the net amount is restated to the revalued amount of
revaluasian aset tetap. the asset.
Selisih penilaian kembali aset tetap dikreditkan ke The difference resulting from the revaluation of such
akun “selisih penilaian kembali aset tetap” yang fixed assets is credited to the “reserve on revaluation
disajikan pada bagian ekuitas. of fixed assets” account presented in the equity
section.
Halaman – 5/48 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 698
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
s. Aset tetap dan penyusutan (lanjutan) s. Fixed assets and depreciation (continued)
Aset tetap, selain tanah dan bangunan, diakui sebesar Fixed assets besides land and buildings are
harga perolehan setelah dikurangi akumulasi recognised at cost less accumulated depreciation.
penyusutan.
Harga perolehan mencakup semua pengeluaran yang Historical cost includes expenditure that is directly
terkait secara langsung dengan perolehan aset tetap. attributable to the acquisition of fixed assets.
Tanah tidak disusutkan. Setiap perluasan hak atas Land is not depreciated. Any extensions made to the
tanah dianggap sebagai sesuatu yang dapat land rights are considered as directly attributable,
diatribusikan secara langsung, dianggap sebagai considered as part of the asset and is capitalised to
bagian dari aset dan dikapitalisasi ke tanah. the land.
Penyusutan aset tetap selain tanah dihitung dengan Depreciation on fixed assets other than land are
menggunakan metode garis lurus untuk calculated on the straight-line method to allocate their
mengalokasikan harga perolehan atau nilai setelah cost or revalued amount to their residual values over
penilaian kembali mencapai nilai sisa sepanjang their estimated useful lives as follows:
estimasi masa manfaatnya sebagai berikut:
Tahun/Years Tarif/Rates
Bangunan 20 5% Buildings
Renovasi bangunan milik sendiri 5 20% Renovation of owned buildings
Instalasi (listrik, penyejuk udara, Installations (electricity, air
telepon, telex) 5 20% conditioning, telephone, telex)
Perlengkapan dan perabot kantor 5 20% Office equipment and furniture
Kendaraan bermotor 8 13% Motor vehicle
Anjungan Tunai Mandiri (“ATM”) 10 10% Automatic Teller Machines (“ATMs”)
Apabila nilai tercatat aset lebih besar dari nilai yang When the carrying amount of an asset is greater than
dapat diperoleh kembali, nilai tercatat aset diturunkan its estimated recoverable amount, it is written down
menjadi sebesar nilai yang dapat diperoleh kembali, immediately to its recoverable amount, which is
dengan menggunakan nilai tertinggi antara harga jual determined as the higher of net selling price or value
neto dan nilai pakai. in use.
Apabila aset tetap tidak digunakan lagi atau dijual, When assets are retired or disposed, their costs and
maka nilai perolehan dan akumulasi penyusutannya the related accumulated depreciation are eliminated
dihapuskan dari laporan keuangan konsolidasian. from the consolidated financial statements.
Keuntungan atau kerugian yang terjadi, diakui The resulting gains or losses are recognised as
sebagai laba rugi periode terjadinya. Untuk aset tetap related period’s profit or loss. For revalued fixed
yang direvaluasi, surplus revaluasi aset tetap assets, the revaluation surplus of fixed asset is
selanjutnya dialihkan kepada saldo laba saat aset subsequently transferred to retained earnings when
tersebut dihentikan pengakuannya. Keuntungan atau the asset is derecognised. The gain or loss on
kerugian yang timbul dari penghentian pengakuan derecognition of fixed asset is determined at the
aset tetap ditentukan sebesar selisih antara jumlah difference between the net disposal proceeds, if any,
hasil pelepasan neto, jika ada, dan jumlah and their carrying amount.
tercatatnya.
Biaya pemeliharaan dan perbaikan dicatat sebagai Maintenance and repair cost are charged as an
beban pada saat terjadinya. Pengeluaran yang expense when incurred. Expenditure that extends the
memperpanjang masa manfaat aset dikapitalisasi dan useful life of assets is capitalised and depreciated.
disusutkan.
Halaman – 5/49 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 699
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
s. Aset tetap dan penyusutan (lanjutan) s. Fixed assets and depreciation (continued)
Aset dalam penyelesaian merupakan aset yang masih Assets in progress consist of assets that are still in
dalam proses penyelesaian dan belum siap untuk progress of completion and not yet ready for use and
digunakan, serta dimaksudkan untuk dipergunakan are intended to be used in business activity. This
dalam kegiatan usaha. Aset ini dicatat sebesar biaya account is recorded based on the amount paid.
yang telah dikeluarkan.
t. Aset takberwujud t. Intangible assets
Aset takberwujud diakui jika, dan hanya jika, biaya Intangible assets are recognised if, and if only when
perolehan aset tersebut dapat diukur secara andal its cost can be measured reliably and it is probable
dan kemungkinan besar Bank dan Entitas Anak akan that expected future benefits that are attributable to it
memperoleh manfaat ekonomis masa depan dari aset will flow to the Bank and Subsidiaries. Intangible
tersebut. Aset takberwujud terdiri dari perangkat lunak assets consist of computer software that are
yang dibeli Bank. purchased by the Bank.
Perangkat lunak yang dibeli dicatat sebesar biaya Software purchased is recorded at cost less
perolehan dikurangi akumulasi amortisasi. Metode accumulated amortisation. Amortisation method,
amortisasi, estimasi masa manfaat dan nilai residual estimated useful life and residual value is reviewed at
ditelaah pada setiap akhir tahun pelaporan dan end of reporting period and adjusted if necessary. The
disesuaikan jika dianggap tepat. Masa manfaat useful lives of software is between five to fifteen
perangkat lunak adalah lima hingga lima belas tahun. years. The amortisation method used is straight line
Metode amortisasi yang digunakan adalah garis lurus. method.
Tidak terdapat aset takberwujud yang tidak dapat There are no intangible assets which its economic life
diestimasi umur ekonomisnya. can not be estimated.
u. Aset yang diambil alih u. Foreclosed assets
Aset yang diambil alih (“AYDA”) adalah aset yang Foreclosed assets represent assets acquired by Bank
diperoleh Bank CIMB Niaga dan Entitas Anak, baik CIMB Niaga and Subsidiaries, both from auction and
melalui pelelangan maupun diluar pelelangan non-auction based on voluntary transfer by the
berdasarkan penyerahan secara sukarela oleh debtors or based on debtors’ approval to sell without
pemilik agunan atau berdasarkan kuasa untuk bidding the collateral where the debtors could not
menjual diluar lelang dari pemilik agunan dalam hal fulfill their obligations to Bank CIMB Niaga and
debitur tidak memenuhi kewajibannya kepada Bank Subsidiaries. Foreclosed assets represent loan
CIMB Niaga dan Entitas Anak. AYDA merupakan collateral acquired in settlement of loans. Bank CIMB
jaminan kredit yang diberikan yang telah diambil alih Niaga and Subsidiaries have policy to sell foreclosed
sebagai bagian dari penyelesaian kredit yang assets to settle debtors’ liabilities.
diberikan. Bank CIMB Niaga dan Entitas Anak
memiliki kebijakan untuk selalu berusaha menjual
AYDA untuk menyelesaikan sisa kewajiban debitur.
AYDA diakui sebesar nilai bersih yang dapat Foreclosed assets are recognised at their net
direalisasi (net realisable value), yaitu nilai wajar realisable value. Net realisable value is the fair value
agunan setelah dikurangi estimasi biaya pelepasan. of the foreclosed assets less estimated cost of
Kelebihan saldo kredit yang diberikan yang belum liquidating the foreclosed assets. Any excess of the
dilunasi oleh peminjam di atas nilai dari AYDA, loan balance over the value of the foreclosed assets,
dibebankan terhadap cadangan kerugian penurunan which is not recoverable from the borrower, is
nilai kredit yang diberikan. charged to the allowance for impairment losses of
loans and receivables.
Halaman – 5/50 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 700
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
u. Aset yang diambil alih (lanjutan) u. Foreclosed assets (continued)
Biaya pemeliharaan atas AYDA yang terjadi setelah Maintenance costs of foreclosed assets subsequent
pengambilalihan atau akuisisi aset dibebankan to the foreclosure or acquisition of the assets are
sebagai laba rugi pada saat terjadinya. Keuntungan charged as current year profit or loss as incurred.
atau kerugian dari penjualan aset yang diambil alih Gains or losses from sale of foreclosed assets are
diakui sebagai laba rugi periode berjalan. charged as current period profit or loss as incurred.
v. Beban dibayar dimuka dan aset lain-lain v. Prepaid expenses and other assets
Beban dibayar dimuka merupakan pembayaran Prepaid expenses are payments made to other
kepada pihak lain yang telah dilakukan namun belum parties but have not been recognised as expense at
merupakan beban pada saat pembayaran dilakukan. the time of payment. Prepaid expenses will be used
Beban dibayar dimuka akan digunakan untuk for Bank CIMB Niaga’s and Subsidiaries activities in
aktivitas Bank CIMB Niaga dan Entitas Anak di masa the future. Prepaid expenses are recognised as
mendatang. Beban dibayar dimuka akan diakui expenses during the amortisation in accordance with
sebagai beban pada saat diamortisasi sesuai dengan the expected period of benefit.
masa manfaatnya.
Termasuk dalam beban dibayar dimuka adalah Included in prepaid expenses are insurance expense
beban asuransi dan beban sewa yang tidak and leases that not fullfill requirement of SFAS 116
memenuhi ketentuan PSAK 116 (sebelumnya PSAK (previously SFAS 73) (Leases). See Note 2w for
73) tentang sewa. Lihat Catatan 2w untuk kebijakan leases accounting policy.
akuntansi atas sewa.
Termasuk di dalam aset lain-lain antara lain adalah Included in other assets are amongst others security
jaminan keanggotaan dan uang muka jaminan. membership deposits.
Jaminan keanggotaan dan uang muka jaminan dicatat Security and membership deposits are recorded
sebesar harga perolehan dan diamortisasi based on cost and amortised based on the expected
berdasarkan masa berlakunya. period of benefit.
w. Sewa w. Leases
Kebijakan akuntansi sewa menggunakan model Accounting policies for lease using a single lessee
akuntansi penyewa tunggal dan mensyaratkan accounting model and requires a lessee to recognise
penyewa untuk mengakui aset dan liabilitas untuk assets and liabilities for all leases with the exemptions
semua sewa dengan pengecualian sewa jangka
pendek dengan jangka waktu 12 bulan atau kurang of short-term leases with tenor 12 months or less and
tanpa opsi pembelian dan sewa dengan nilai rendah. the underlying asset without purchasing options is of
Penyewa diharuskan untuk mengakui aset hak guna low value. A lessee is required to recognise a right-of-
yang mewakili haknya untuk menggunakan aset use asset representing its right to use the underlying
sewaan dan liabilitas sewa yang mewakili leased asset and a lease liability representing its
kewajibannya untuk melakukan pembayaran sewa. obligation to make lease payments.
Halaman – 5/51 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 701
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
w. Sewa (lanjutan) w. Leases (continued)
Aset hak guna Right of use (“ROU”) assets
Aset hak guna pada awalnya diukur berdasarkan The ROU assets are initially measured at cost
biaya yang terdiri dari: comprising the following:
- Jumlah pengukuran awal liabilitas sewa; - The amount of the initial measurement of lease
liability;
- Nilai bersih dari setiap pembayaran sewa yang - Net value of any lease payments than made at or
dilakukan pada/sebelum tanggal mulai sewa before the commencement date with any lease
dengan aset insentif sewa yang diterima; incentive received;
- Biaya langsung awal; dan - Any initial direct costs; and
- Biaya penonaktifan atau pemulihan. - Decommissioning or restoration costs.
Aset hak guna yang bukan properti investasi The ROU assets that are not investment properties
selanjutnya diukur pada biaya perolehan, dikurangi are subsequently measured at cost, less
akumulasi penyusutan dan kerugian penurunan nilai accumulated depreciation and impairment loss (if
(jika ada). Aset hak guna pada umumnya disusutkan any). The ROU assets are generally depreciated over
mana yang lebih singkat selama masa manfaat aset the shorter of the asset’s useful life and the lease
dan masa sewa pada basis garis lurus. Jika Bank dan term on a straight-line basis. If the Bank and
Entitas Anak yakin akan melakukan opsi pembelian, Subsidiaries is reasonably certain to exercise a
aset hak guna disusutkan selama masa manfaat aset purchase option, the ROU asset is depreciated over
pendasar. Selain itu, aset hak guna akan disesuaikan the underlying asset’s useful life. In addition, the ROU
untuk pengukuran kembali liabilitas sewa tertentu. assets are adjusted for certain re-measurement of the
Aset hak guna disajikan dalam pos yang sama dengan lease liabilities. The ROU assets are presented in the
pos yang digunakan untuk menyajikan aset pendasar same item with item that are used to present the
serupa jika aset tersebut dimiliki. underlying asset as if those assets are owned.
Liabilitas sewa Lease liabilities
Liabilitas sewa awalnya diukur pada nilai kini dari Lease liabilities are initially measured at the present
pembayaran sewa yang tidak dibayarkan pada value of the lease payments that are not paid at that
tanggal tersebut. date.
Pembayaran sewa termasuk: The lease payments include the followings:
- Pembayaran tetap (termasuk pembayaran tetap - Fixed payments (including in-substance fixed
secara substansi), dikurangi piutang insentif sewa; payments), less any lease incentive receivable;
- Jumlah yang diharapkan akan dibayarkan oleh - Amounts expected to be payable by the Bank and
Bank dan Entitas Anak dengan jaminan nilai sisa; Subsidiaries under residual value guarantees;
- Harga pelaksanaan opsi pembelian dan - The exercise price of a purchase and extension
perpanjangan jika Bank dan Entitas Anak cukup options if the Bank and Subsidiaries is reasonably
yakin untuk menggunakan opsi tersebut; dan certain to exercise that option; and
- Pembayaran pinalti untuk mengakhiri sewa, jika - Payments of penalties for terminating the lease, if
jangka waktu sewa mencerminkan Bank dan the lease term reflects the Bank and Subsidiaries
Entitas Anak melaksanakan opsi tersebut. exercising that option.
Halaman – 5/52 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 702
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
w. Sewa (lanjutan) w. Leases (continued)
Liabilitas sewa (lanjutan) Lease liabilities (continued)
Pembayaran sewa didiskontokan menggunakan Lease payments are discounted using the interest
tingkat bunga implisit. Jika tingkat bunga tersebut rate implicit. If that rate cannot be determined, an
tidak dapat ditentukan, suku bunga pinjaman incremental borrowing rate is used in determining the
inkremental digunakan dalam menentukan tingkat discount rate which the interest rate that the Bank
diskonto yang merupakan tingkat bunga yang harus would have to pay to borrow over a similar term, the
dibayar oleh Bank untuk meminjam dalam jangka funds necessary to obtain the asset.
waktu yang sama, dana yang diperlukan untuk
memperoleh aset.
Pembayaran sewa dialokasikan antara pokok dan Lease payments are allocated between principal and
biaya keuangan. Biaya keuangan akan dibebankan finance cost. The finance cost is charged to profit or
pada laba rugi selama periode sewa sehingga loss over the lease period so as to produce a
menghasilkan tingkat bunga periodik yang konstan constant periodic rate of interest on the remaining
atas saldo liabilitas yang tersisa untuk setiap periode. balance of the liability for each period.
Bank dan Entitas Anak menyajikan liabilitas sewa Bank and Subsidiaries present the lease liabilities as
sebagai bagian dari liabilitas lainnya dalam laporan an other liabilities in the consolidated statement of
posisi keuangan konsolidasian. Beban bunga atas financial position. Interest expense on the lease
liabilitas sewa disajikan sebagai bagian pendapatan liability is presented under net interest income in the
bunga bersih dalam laporan laba rugi konsolidasian. consolidated statements of profit or loss.
Aset bernilai rendah adalah sewa yang aset Low-value assets are lease which the underlying
pendasarnya bernilai dengan batasan materialitas assets is valued with a materiality threshold used of
yang dipakai adalah Rp 70. Yang dimaksud aset Rp 70. Underlying low-value assets are when lessee
pendasar bernilai rendah adalah ketika lessee menilai assesses the value of the underlying assets based
aset pendasar berdasarkan nilai aset ketika aset on the value of new assets, regardless the age of the
tersebut baru, tanpa memperhatikan umur aset yang leased asset and is carried out on an absolute basis.
disewakan dan dilakukan atas dasar absolut. Assessment is not affected by the size, nature or
Penilaian tidak dipengaruhi oleh ukuran, sifat, atau circumstances of the lessees.
keadaaan lessee.
Pembayaran terkait dengan sewa jangka pendek dan Payments associated with short-term and all leases
semua sewa untuk aset bernilai rendah diakui of low-value assets are recognised on a straight-line
berdasarkan metode garis lurus sebagai beban dalam basis as an expense in consolidated statements of
laporan laba rugi konsolidasian. profit or loss.
x. Liabilitas segera x. Obligations due immediately
Liabilitas segera adalah liabilitas Bank dan Entitas Obligations due immediately represent Bank and
Anak kepada pihak lain yang sifatnya wajib segera Subsidiaries’ liabilities to other parties that
dibayarkan sesuai dengan perjanjian yang ditetapkan immediately paid-in accordance with terms of the
sebelumnya. relevant agreements.
Liabilitas segera disajikan sebesar biaya perolehan Obligations due immediately are presented at the
yang diamortisasi. Lihat Catatan 2f untuk kebijakan amortised cost. Refer to Note 2f for the accounting
akuntansi atas liabilitas keuangan yang diukur dengan policy for financial liabilities measured at amortised
biaya perolehan diamortisasi. cost.
Halaman – 5/53 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 703
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
y. Simpanan dari nasabah dan simpanan dari bank lain y. Deposits from customers and deposits from other
banks
Simpanan dari nasabah adalah dana yang Deposits from customers are the funds placed by
dipercayakan oleh masyarakat (selain bank) kepada customers (excluding banks) with Bank CIMB Niaga
Bank CIMB Niaga berdasarkan perjanjian based on fund deposit agreements. Included in this
penyimpanan dana. Termasuk dalam pos ini adalah account are demand deposits, saving deposits, time
giro, tabungan, deposito berjangka, sertifikat deposito deposits, certificates of deposits, and other forms
dan bentuk lain yang dapat dipersamakan dengan itu. which are similar.
Simpanan dari bank lain terdiri dari liabilitas terhadap Deposits from other banks represent liabilities to
bank lain, baik di dalam maupun luar negeri, dalam domestic and overseas banks, in the form of demand
bentuk giro, interbank call money, deposito berjangka, deposits, inter-bank call money, time deposits, and
dan sertifikat deposito. certificates of deposit.
Simpanan dari nasabah dan dari bank lain Deposits from customers and other banks are
diklasifikasikan sebagai liabilitas keuangan yang classified as financial liabilities measured at
diukur dengan biaya perolehan diamortisasi dan amortised cost and some of deposits from customers
sebagian dari simpanan dari nasabah diukur pada are measured at fair value through profit or loss. Refer
nilai wajar melalui laba rugi. Lihat Catatan 2f untuk to Note 2f for the accounting policy for financial
kebijakan akuntansi atas liabilitas keuangan yang liabilities measured at amortised cost and measured
diukur dengan biaya perolehan diamortisasi dan at fair value through profit or loss.
diukur pada nilai wajar melalui laba rugi.
z. Efek-efek yang diterbitkan z. Marketable securities issued
Efek-efek yang diterbitkan adalah obligasi yang Marketable securities issued is the issuance of bond
diterbitkan dan diklasifikasikan sebagai liabilitas which is classified as financial liabilities measured at
keuangan yang diukur dengan biaya perolehan amortised cost (refer to Note 2f for the accounting
diamortisasi (lihat Catatan 2f untuk kebijakan policy for financial liabilities at amortised cost).
akuntansi atas liabilitas keuangan yang diukur dengan
biaya perolehan diamortisasi).
Biaya transaksi yang timbul sehubungan dengan Transaction cost in relation with the marketable
penerbitan efek-efek dikurangkan dari hasil penerbitan securities issued is deducted from the related
efek-efek bersangkutan. Selisih antara hasil emisi marketable securities issued. Any difference between
bersih dengan nilai nominal obligasi diakui sebagai bond issuance costs and nominal of bond is
diskonto yang diamortisasi selama umur obligasi. recognised as discount and will be amortised based
on bond’s period.
Sukuk Mudharabah yang diterbitkan disajikan sebesar Sukuk mudharabah issued are initially stated at their
nilai wajar pada awalnya. Biaya-biaya yang timbul dari fair value. Issuance costs of the notes is recorded as
penerbitan surat berharga dicatat sebagai beban yang deferred charges which presented under "Other
ditangguhkan yang disajikan dalam akun “Aset lain- Assets-others" and amortised using straight line
lain - lainnya” dan diamortisasi secara garis lurus method over the period of the notes.
selama jangka waktu surat berharga.
Halaman – 5/54 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 704
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
aa. Pinjaman yang diterima dan pinjaman subordinasi aa. Borrowings and subordinated loans
Pinjaman yang diterima termasuk pinjaman yang Borrowings include borrowings received by
diterima Entitas Anak dari berbagai bank dan institusi Subsidiaries from various banks and financial
keuangan. Pinjaman subordinasi merupakan institutions. A subordinated loan is a loan obtained
pinjaman yang diperoleh berdasarkan suatu under a subordinated agreement, where the position
perjanjian subordinasi, dimana kedudukan hak of the rights of the subordinated lender is lower than
pemberi pinjaman subordinasi adalah lebih rendah the position of the rights of other lenders.
daripada kedudukan hak pemberi pinjaman lain.
Pada pengukuran awal pinjaman diterima dan Borrowings and subordinated loans are initially
pinjaman subordinasi disajikan sebesar nilai wajar presented at fair value less directly attributable
dikurangi dengan biaya transaksi yang dapat transaction costs.
diatribusikan langsung dengan perolehan/penerbitan
pinjaman dan obligasi subordinasi.
Pinjaman yang diterima dan pinjaman subordinasi Borrowings and subordinated loans are classified as
diklasifikasikan sebagai liabilitas keuangan yang financial liabilities measured at amortised cost (refer
diukur dengan biaya perolehan diamortisasi (lihat to Note 2f for the accounting policy for financial
Catatan 2f untuk kebijakan akuntansi atas liabilitas liabilities measured at amortised cost).
keuangan yang diukur dengan biaya perolehan
diamortisasi).
ab. Pendapatan dan beban bunga ab. Interest income and expense
Pendapatan bunga atas aset keuangan yang diukur Interest income for financial assets held at either fair
dengan nilai wajar melalui penghasilan komprehensif value through other comprehensive income or
lain atau biaya perolehan diamortisasi dan beban amortised cost and interest expense on all financial
bunga atas perolehan seluruh liabilitas keuangan yang liabilities held at amortised cost are recognised in
diukur dengan biaya perolehan diamortisasi, diakui profit or loss using the effective interest method.
pada laba rugi menggunakan metode suku bunga
efektif.
Suku bunga efektif adalah suku bunga yang secara The effective interest rate is the rate that exactly
tepat mendiskontokan estimasi pembayaran atau discounts estimated future cash payments or receipts
penerimaan kas di masa datang selama perkiraan through the expected life of the financial instrument
umur dari instrumen keuangan, atau bilamana tepat, or, when appropriate, a shorter period to the net
digunakan periode yang lebih singkat untuk carrying amount of the financial asset or financial
memperoleh nilai tercatat bersih dari aset keuangan liability. When calculating the effective interest rate,
atau liabilitas keuangan. Pada saat menghitung suku Bank and Subsidiaries estimates cash flows
bunga efektif, Bank dan Entitas Anak mengestimasi considering all contractual terms of the financial
arus kas dengan mempertimbangkan seluruh instrument for example, prepayment options, call
persyaratan kontraktual dalam instrumen keuangan option, and other similar options, but does not
tersebut seperti pelunasan dipercepat, opsi beli consider future credit losses. The calculation includes
(call option), dan opsi serupa lainnya, namun tidak all fees, commissions, and other fees paid or received
mempertimbangkan kerugian kredit di masa datang. between parties to the contract that are an integral
Perhitungan ini mencakup seluruh komisi, provisi, dan part of the effective interest rate, transaction costs,
bentuk lain yang dibayarkan atau diterima oleh para and all other premiums or discounts.
pihak dalam kontrak yang merupakan bagian tak
terpisahkan dari suku bunga efektif, biaya transaksi,
dan seluruh premi atau diskon lainnya.
Halaman – 5/55 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 705
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ab. Pendapatan dan beban bunga (lanjutan) ab. Interest income and expense (continued)
Pendapatan bunga atas aset keuangan yang diukur Interest income for financial assets that are either
dengan nilai wajar melalui penghasilan komprehensif held at fair value through other comprehensive
lain atau biaya amortisasi yang mengalami penurunan income or amortised cost that have become credit
nilai setelah pengakuan awal (tahap 3) diakui impaired subsequent to initial recognition (stage 3) is
berdasarkan suku bunga efektif kredit yang recognised using the credit adjusted effective interest
disesuaikan. Tingkat bunga ini dihitung dengan cara rate. This rate is calculated in the same manner as
yang sama dalam perhitungan suku bunga efektif the effective interest rate except that expected credit
kecuali bahwa cadangan kerugian kredit ekspektasian losses are included in the expected cash flows.
sudah termasuk dalam arus kas ekspektasian. Oleh Interest income is therefore recognised on the
karenanya, pendapatan bunga diakui atas aset amortised cost of the financial asset including
keuangan dalam klasifikasi biaya perolehan expected credit losses. Should the credit risk on a
diamortisasi termasuk kerugian kredit ekspektasian. stage 3 financial asset improve such that the financial
Dalam kondisi risiko kredit atas aset keuangan tahap asset is no longer considered credit impaired, interest
3 mengalami perbaikan sehingga aset keuangan tidak income recognition reverts to a computation based on
lagi dipertimbangkan mengalami penurunan nilai, the rehabilitated the carrying value of the financial
pengakuan pendapatan bunga dihitung berdasarkan assets – gross.
nilai tercatat bruto aset keuangan.
Pendapatan bunga yang belum diterima merupakan Interest income receivable represents interest income
pendapatan bunga yang belum diakui, yakni sebesar that has not yet been recognised, which is the
saldo piutang bunga. Pengakuan ini mencerminkan balance of the interest receivable. This recognition
hak Bank dan Entitas Anak untuk penerimaan imbalan reflects the Bank and its Subsidiaries' right to receive
sebagai hasil dari aktivitas yang telah dilakukan dalam compensation as a result of activities performed
periode pelaporan. Pendapatan bunga yang belum during the reporting period. Interest income
diterima dicatat dalam laporan laba rugi konsolidasian receivable is recorded in the consolidated income
dan diakui sebagai “Pendapatan yang akan diterima”. statement and recognised as "Accrued income."
Pendapatan syariah terdiri dari keuntungan Sharia income represents profit from murabahah,
murabahah, pendapatan ijarah muntahiyah bittamlik, ijarah muntahiyah bittamlik income, mudharabah and
bagi hasil pembiayaan mudharabah dan musyarakah, musyarakah financing profit sharing income and
serta pendapatan qardh. qardh income.
Keuntungan murabahah dan pendapatan ijarah Murabahah and ijarah muntahiyah bittamlik income is
muntahiyah bittamlik diakui selama periode akad recognised over the period of the agreement based
berdasarkan konsep akrual. Pendapatan bagi hasil on accrual basis. Mudharabah and musyarakah
pembiayaan mudharabah dan musyarakah diakui income is recognised when cash is received or in a
pada saat diterima atau dalam periode terjadinya hak period where the right of revenue sharing is due
bagi hasil sesuai porsi bagi hasil (nisbah) yang based on agreed option. Qardh income is recognised
disepakati. Pendapatan dari qardh diakui pada saat upon receipt.
diterima.
Halaman – 5/56 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 706
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ab. Pendapatan dan beban bunga (lanjutan) ab. Interest income and expense (continued)
Hak pihak ketiga atas imbal hasil milik nasabah Third parties share on the return of fund owner’s
didasarkan pada prinsip Mudharabah. Pendapatan share is based on the principle of Mudharabah. The
yang dibagikan adalah pendapatan yang telah profit sharing is determined on a cash basis.
diterima. Pembagian laba dilakukan berdasarkan Distribution of profit sharing is based on profit sharing
prinsip imbal hasil yaitu dihitung dari pendapatan principle which calculated from the gross profit.
yang diterima berupa laba bruto.
Beban syariah terdiri dari beban imbal hasil Sharia expenses consist of mudharabah profit sharing
mudharabah dan beban bonus wadiah. Beban expenses and wadiah bonus expenses. Sharia
syariah merupakan biaya untuk imbal hasil atas dana expense represents expense for profit sharing on third
pihak ketiga dengan menggunakan prinsip imbal hasil party funds which is calculated using the profit-
berdasarkan porsi imbal hasil (nisbah) yang telah sharing principle based on predetermined nisbah.
disepakati sebelumnya.
ac. Pendapatan provisi dan komisi ac. Fees and commissions income
Provisi dan komisi yang berkaitan langsung dengan Fees and commissions income directly related to
kegiatan pemberian kredit diakui sebagai lending activities, are recognised as a
bagian/(pengurang) dari biaya perolehan kredit dan part/(deduction) of credit acquisition cost and will be
akan diakui sebagai pendapatan bunga dengan cara recognised as interest income by amortising the
diamortisasi berdasarkan metode suku bunga efektif. carrying value of loan with effective interest rate
method.
Pendapatan provisi dan komisi yang tidak berkaitan Fees and commissions income which are not related
dengan kegiatan pemberian kredit atas suatu jangka to lending activities on a specific period are
waktu diakui sebagai pendapatan pada saat recognised as revenues on the transaction.
terjadinya transaksi.
ad. Pendapatan dan beban operasional lainnya ad. Other operating income and expenses
Beban tenaga kerja Personnel expenses
Beban tenaga kerja meliputi beban berupa gaji Personnel expenses include expenses related with
karyawan, bonus, imbalan kerja, lembur, tunjangan, salaries for employees, bonuses, employee benefits,
dan pelatihan. overtime, allowances, and training.
Beban umum dan administrasi General and administrative expenses
Beban umum dan administrasi merupakan beban General and administrative expenses represent
yang timbul sehubungan dengan aktivitas kantor dan expenses which related to office activities and Bank
operasional Bank CIMB Niaga dan Entitas Anak. CIMB Niaga and Subsidiaries’ operational activities.
Seluruh pendapatan dan beban yang terjadi All of these income and expenses are recorded as
dibebankan sebagai laba rugi pada saat terjadinya. profit or loss when incurred.
Halaman – 5/57 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 707
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ae. Perpajakan ae. Taxation
Beban pajak kini dihitung berdasarkan peraturan The current income tax charge is calculated on the
perpajakan yang berlaku atau yang secara substantif basis of the tax laws enacted or substantively
berlaku pada akhir periode pelaporan, di negara enacted at the end of the reporting period in the
dimana perusahaan dan entitas anak beroperasi dan countries where the company’s subsidiaries and
menghasilkan pendapatan kena pajak. Manajemen associates operate and generate taxable income.
secara periodik mengevaluasi posisi yang dilaporkan Management periodically evaluates positions taken
di Surat Pemberitahuan Tahunan (“SPT”) in tax returns with respect to situations in which
sehubungan dengan situasi di mana aturan pajak applicable tax regulation is subject to interpretation.
yang berlaku membutuhkan interpretasi. Jika perlu, It establishes provision where appropriate on the
manajeman menentukan provisi berdasarkan jumlah basis of amounts expected to be paid to the tax
yang diharapkan akan dibayar kepada otoritas pajak. authorities.
Pajak penghasilan tangguhan diakui sepenuhnya, Deferred income tax is provided in full, using the
dengan menggunakan metode liabilitas untuk semua liability method, on temporary differences which
perbedaan temporer yang berasal dari selisih antara arise from the difference between the tax bases
dasar pengenaan pajak aset dan liabilitas dengan nilai of assets and liabilities and their carrying
tercatatnya pada laporan keuangan konsolidasian. amounts in the consolidated financial statements.
Pajak penghasilan tangguhan diukur dengan Deferred income tax is determined using tax rates
menggunakan tarif pajak (dan hukum) yang sudah (and laws) that have been enacted or
diberlakukan atau secara substantif berlaku pada substantially enacted by the end of the reporting
akhir periode pelaporan dan diekspektasikan period and are expected to apply when the
digunakan ketika aset pajak tangguhan yang related deferred income tax asset is realised or
berhubungan direalisasi atau liabilitas pajak the deferred income tax liability is settled.
tangguhan diselesaikan. Aset pajak tangguhan diakui Deferred tax assets are recognised only if it is
hanya jika kemungkinan jumlah penghasilan kena probable that future taxable amounts will be
pajak dimasa depan akan memadai untuk available to utilise those temporary differences and
dikompensasi dengan perbedaan temporer yang losses.
masih dapat dimanfaatkan.
Aset dan liabilitas pajak penghasilan tangguhan Deferred tax assets and liabilities are offset when
dapat saling hapus apabila terdapat hak yang there is a legally enforceable right to offset current
berkekuatan hukum untuk melakukan saling tax assets and liabilities and when the deferred tax
hapus antara aset pajak kini dengan liabilitas balances relate to the same taxation authority.
pajak kini dan apabila aset dan liabilitas pajak Current tax assets and tax liabilities are offset
penghasilan tangguhan dikenakan oleh otoritas where the entity has a legally enforceable right to
perpajakan yang sama. Aset pajak kini dan offset and intends either to settle on a net basis, or
liabilitas pajak kini akan saling hapus ketika to realise the asset and settle the liability
entitas memiliki hak yang berkekuatan hukum simultaneously.
untuk melakukan saling hapus dan adanya niat
untuk melakukan penyelesaian saldo-saldo
tersebut secara neto atau untuk merealisasikan
dan menyelesaikan liabilitas secara bersamaan.
Halaman – 5/58 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 708
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ae. Perpajakan (lanjutan) ae. Taxation (continued)
Koreksi atas liabilitas pajak diakui pada saat surat Amendments to taxation obligations are recorded
ketetapan pajak diterima, atau apabila diajukan when an assessment is received or, if an objection
keberatan dan/atau banding, maka koreksi diakui and/or appealed against, when the result of the
pada saat keputusan atas keberatan dan/atau objection and/or appeal is determined. Management
banding tersebut diterima. Manajemen juga dapat may also provide the provision for future tax liability at
membentuk pencadangan terhadap liabilitas pajak di the estimated amount that will be payable to the tax
masa depan sebesar jumlah yang diestimasikan akan office if there is a probable tax exposure, based on
dibayarkan ke kantor pajak jika berdasarkan evaluasi management's assessment as of the date of
pada tanggal laporan posisi keuangan konsolidasian consolidated statements of financial position.
terdapat risiko pajak yang probable. Asumsi dan Assumptions and estimation used in the calculation of
estimasi yang digunakan dalam perhitungan provision may involve element of uncertainty.
pembentukan cadangan tersebut memiliki unsur
ketidakpastian.
af. Imbalan kerja af. Employee benefits
Liabilitas pensiun Pension obligations
Bank CIMB Niaga dan Entitas Anak memiliki program- Bank CIMB Niaga and Subsidiaries have pension
program pensiun sesuai dengan peraturan dan schemes in accordance with prevailing labor-related
perundang-undangan yang berhubungan dengan laws and regulations of Bank CIMB Niaga and
ketenagakerjaan atau kebijakan yang ditetapkan oleh Subsidiaries policy. The schemes are generally
Bank CIMB Niaga dan Entitas Anak. Program- funded through payments to trustee-administered
program ini pada umumnya didanai melalui funds as determined by periodic actuarial
pembayaran kepada pengelola dana pensiun yang calculations.
besarnya ditentukan dalam perhitungan aktuarial
yang dilakukan secara berkala.
Bank CIMB Niaga dan Entitas Anak harus Bank CIMB Niaga and Subsidiaries are required to
menyediakan program pensiun dengan jumlah provide a minimum amount of pension benefits in
minimal tertentu sesuai dengan ketentuan UU terkait accordance with the applicable Law related to Labor.
Ketenagakerjaan yang berlaku. Karena UU terkait Since the Law related to Labor sets the formula for
Ketenagakerjaan menentukan rumus tertentu untuk determining the minimum amount of benefits. A
menghitung jumlah minimal imbalan pensiun. defined benefit plan is a pension plan that defines an
Program pensiun manfaat pasti adalah program amount of pension benefit to be provided, usually as
pensiun yang menentukan jumlah imbalan pensiun a function of one or more factors such as age, years
yang akan diberikan, biasanya didasarkan pada satu of service or total compensation.
faktor atau lebih seperti usia, masa kerja atau jumlah
kompensasi.
Halaman – 5/59 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 709
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
af. Imbalan kerja (lanjutan) af. Employee benefits (continued)
Liabilitas pensiun (lanjutan) Pension obligations (continued)
Liabilitas program pensiun imbalan pasti yang diakui The liability recognised in the consolidated
di laporan posisi keuangan konsolidasian adalah nilai statements of financial position in respect of defined
kini liabilitas imbalan pasti pada tanggal laporan posisi benefit pension plans is the present value of the
keuangan konsolidasian dikurangi nilai wajar aset defined benefit obligation at the consolidated
program, yang disesuaikan dengan statement of financial position’s date less the fair
keuntungan/kerugian aktuarial. Liabilitas imbalan value of plan assets, together with adjustments for
pasti dihitung setiap tahun oleh aktuaris independen unrecognised actuarial gains/losses. The defined
dengan menggunakan metode Projected Unit Credit. benefit obligation is calculated annually by
Nilai kini liabilitas imbalan pasti ditentukan dengan independent actuaries using the Projected Unit Credit
mendiskontokan estimasi arus kas keluar di masa method. The present value of the defined benefit
yang akan datang dengan menggunakan tingkat obligation is determined by discounting the estimated
bunga Obligasi Pemerintah dalam mata uang yang future cash outflows using interest rates of
sama dengan mata uang pensiun yang akan Government Bonds that are denominated in the
dibayarkan dan waktu jatuh tempo yang kurang lebih currency in which the pension will be paid, and that
sama dengan waktu jatuh tempo pensiun yang have terms to maturity approximating the terms of the
bersangkutan. related pension liability.
Keuntungan dan kerugian aktuarial yang timbul dari Actuarial gain and losses arising from experience
penyesuaian dan perubahan dalam asumsi-asumsi adjustments and changes in actuarial assumption
aktuarial langsung diakui seluruhnya melalui charged or credited to equity in other comprehensive
pendapatan komprehensif lainnya pada saat income in the period in which they arise. Past-service
terjadinya. Biaya jasa lalu diakui segera dalam laba cost are recognised immediately in profit or loss.
rugi.
Keuntungan dan kerugian dari kurtailmen atau Gains or losses on the curtailment or settlement of a
penyelesaian program manfaat pasti diakui di laba rugi defined benefit plan are recognised in profit or loss
ketika kurtailmen atau penyelesaian tersebut terjadi. when the curtailment or settlement occurs.
Kontribusi pegawai tidak berkaitan dengan jumlah Employee’s contribution does not relate to years of
tahun jasa sehingga Bank CIMB Niaga dan Entitas service and therefore Bank CIMB Niaga and
Anak mengakui kontribusi pegawai sebagai Subsidiaries recognise the employee’s contribution as
pengurang biaya jasa pada periode berjalan. deduction to the service cost in the current period.
Liabilitas imbalan kerja jangka panjang lainnya Other long term benefit liabilities
Bank CIMB Niaga memberikan imbalan kerja lainnya Bank CIMB Niaga provides other benefits such as
seperti cuti jangka panjang, jubilee awards, uang long service leave, jubilee awards, severance pay,
pisah, uang jasa, dan imbalan lainnya sesuai dengan service pay, and other benefits which is determined in
yang ditentukan dalam Undang-Undang terkait compliance with the Labor Law.
Ketenagakerjaan.
Perkiraan biaya imbalan ini dicadangkan sepanjang The expected costs of these benefits are accrued
masa kerja karyawan. Liabilitas ini dinilai setiap tahun over the period of employment. These obligations are
oleh aktuaris independen yang berkompeten. determined annually by independent qualified
actuaries.
Halaman – 5/60 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 710
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
af. Imbalan kerja (lanjutan) af. Employee benefits (continued)
Liabilitas imbalan kerja jangka pendek Short term benefit liabilities
Manfaat jangka pendek mencakup bonus dan Short-term benefit includes bonuses and festive
tunjangan hari raya yang dibayarkan dalam jangka allowance that are payable within three up to twelve
waktu tiga hingga dua belas bulan sejak penyelesaian months of the finalisation of the audited financial
laporan keuangan yang telah diaudit. Jumlah statements. Amount of short term benefit liabilities to
kewajiban manfaat jangka pendek yang akan dibagi be shared by Group would depend on several factors
oleh Grup akan bergantung pada beberapa faktor which are achievement of sales targets, cost
yaitu pencapaian target penjualan, efisiensi biaya, efficiency, Bank and its Subsidiaries profitability and
profitabilitas Bank dan Anak Perusahaannya, serta their plan for future expansion.
rencana untuk ekspansi di masa mendatang.
Pesangon pemutusan kontrak kerja Termination benefits
Pesangon pemutusan kontrak terhutang ketika Termination benefits are payable whenever an
karyawan diberhentikan sebelum usia pensiun employee’s employment is terminated before the
normal. normal retirement age.
Bank CIMB Niaga dan Entitas Anak mengakui Bank CIMB Niaga and Subsidiaries recognise
pesangon pemutusan kontrak kerja ketika Bank CIMB termination benefits when it is demonstrably
Niaga dan Entitas Anak menunjukkan komitmennya committed to terminate the employment of current
untuk memutuskan hubungan kerja dengan karyawan employees according to a detailed formal plan which
berdasarkan suatu rencana formal terperinci yang has small probability to withdraw. Benefits, due more
kecil kemungkinannya untuk dibatalkan. Pesangon than 12 (twelve) months after the consolidated
yang akan dibayarkan dalam waktu lebih dari 12 (dua statement of financial position’s date are discounted
belas) bulan setelah tanggal laporan posisi keuangan to present value.
konsolidasian didiskontokan untuk mencerminkan
nilai kini.
Program saham manajemen dan program Management equity scheme and equity
kepemilikan saham ownership plan
Bank CIMB Niaga dan CIMB Group Holdings Berhad Bank CIMB Niaga and CIMB Group Holdings Berhad
memberikan opsi kepada manajemen dan karyawan provided options to eligible management and
yang berhak. employees.
Nilai wajar opsi yang diberikan diakui sebagai beban The fair value of the options is recognised as an
dan dengan peningkatan pada ekuitas. Jumlah nilai expense with a corresponding increase in equity. The
yang harus dibebankan ditentukan dengan mengacu total amount to be expensed is determined by
kepada nilai wajar opsi yang diberikan: reference to the fair value of the options granted:
- termasuk kinerja pasar (misalnya, harga saham - including any market performance conditions
entitas); (for example, an entity’s share price);
- tidak termasuk dampak dari jasa dan kondisi - excluding the impact of any service and
vesting yang tidak dipengaruhi kinerja pasar nonmarket performance vesting conditions (for
(misalnya, profitabilitas, target pertumbuhan example, profitability, sale growth targets and
penjualan dan tetap menjadi karyawan remaining an employee of the entity over a
perusahaan selama periode waktu tertentu); dan specified time period); and
- termasuk dampak dari kondisi non-vesting. - including the impact of any non-vesting
conditions.
Halaman – 5/61 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 711
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
af. Imbalan kerja (lanjutan) af. Employee benefits (continued)
Program saham manajemen dan program Management equity scheme and equity
kepemilikan saham (lanjutan) ownership plan (continued)
Bank dan Entitas Anak merevisi estimasi mereka The Bank and its Subsidiaries revise their estimates
mengenai jumlah opsi yang pada awalnya diharapkan of the number of options that are expected to vest
akan berlaku. Selisih antara estimasi yang direvisi dan based on the service conditions. The difference
estimasi awal, atau revisi terhadap estimasi awal, jika between the the revised estimates and original
ada, diakui dalam laba rugi, dengan penyesuaian estimates, or revision to original estimates, if any, is
yang sesuai terhadap ekuitas. recognised in the profit or loss, with a corresponding
adjustment to equity.
Syarat jasa dan syarat yang tidak dipengaruhi kinerja Non-market performance and service conditions are
pasar dimasukkan di dalam asumsi mengenai jumlah included in assumptions about the number of options
opsi yang diharapkan akan vest. Jumlah beban diakui that are expected to vest. The total expense is
selama periode vesting, yaitu periode dimana seluruh recognised over the vesting period, which is the
kondisi vesting tertentu telah terpenuhi. period over which all of the specified vesting
conditions are to be satisfied.
Setiap akhir periode pelaporan, Bank merevisi At the end of each reporting period, the Bank revises
estimasi jumlah opsi yang diharapkan vest its estimates of the number of options that are
berdasarkan syarat jasa. Selisih antara estimasi expected to vest based on the service vesting
revisian dengan jumlah estimasi sebelumnya, jika conditions. It recognises the impact of the revision to
ada, diakui dalam laporan laba rugi, dengan original estimates, if any, in profit or loss, with a
penyesuaian pada sisi ekuitas. corresponding adjustment to equity.
Ketika opsi dieksekusi, Bank menerbitkan sejumlah When the options are exercised, the Bank issues new
saham baru atau menerbitkan kembali saham shares or reissues its treasury shares (if any). The
tresurinya (jika ada). Nilai kas yang diterima dikurangi proceeds received, net of any directly attributable
dengan biaya transaksi yang dapat diatribusikan transaction costs, are credited to share capital
dikreditkan ke modal saham (nilai nominal) dan agio (nominal value) and share premium.
saham.
Tantiem Tantiem
Bank CIMB Niaga mencatat tantiem dengan Bank CIMB Niaga records tantiem using the accrual
menggunakan basis akrual dan membebankannya basis and charges it to the consolidated statements of
pada laporan laba rugi konsolidasian. profit or loss.
ag. Laba per saham ag. Earnings per share
Laba per saham dasar dihitung dengan membagi laba Basic earnings per share is computed by dividing net
bersih dengan rata-rata tertimbang jumlah saham income with the weighted average number of
biasa yang beredar pada tahun yang bersangkutan. outstanding ordinary shares during the year.
Laba per saham dilusian dihitung dengan membagi Diluted earnings per share is calculated by dividing
laba bersih dengan rata-rata tertimbang jumlah saham net income by the weighted average number of
biasa yang beredar ditambah dengan rata-rata outstanding ordinary shares plus the weighted
tertimbang jumlah saham biasa yang akan diterbitkan average number of outstanding ordinary shares which
atas konversi efek yang berpotensi saham yang would be issued on the conversion of the dilutive
bersifat dilutif. potential shares.
Halaman – 5/62 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 712
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ah. Transaksi dengan pihak berelasi ah. Transactions with related parties
Bank CIMB Niaga dan Entitas Anak melakukan Bank CIMB Niaga and Subsidiaries have transactions
transaksi dengan pihak berelasi. Sesuai dengan with related parties. In accordance with SFAS 224
PSAK 224 (sebelumnya PSAK 7) (revisi 2015) tentang (previously SFAS 7) (revised 2015) regarding
“Pengungkapan Pihak-pihak yang Berelasi”, yang “Related Party Disclosure”, the meaning of a related
dimaksud dengan pihak yang berelasi adalah orang party is a person or entity that is related to a reporting
atau entitas yang berelasi dengan entitas pelapor entity as follow:
sebagai berikut:
a. Orang atau anggota keluarga terdekatnya berelasi a. A person or a close member of that person’s
dengan entitas pelapor jika orang tersebut: family is related to a reporting entity if that
person:
i. memiliki pengendalian atau pengendalian i. has control or joint control over the reporting
bersama terhadap entitas pelapor; entity;
ii. memiliki pengaruh signifikan terhadap entitas ii. has significant influence over the reporting
pelapor; atau entity; or
iii. personal manajemen kunci entitas pelapor iii. is member of the key management personnel
atau entitas induk pelapor. of the reporting entity or a parent of the
reporting entity.
b. Suatu entitas berelasi dengan entitas pelapor jika b. An entity is related to a reporting entity if any of
memenuhi hal-hal sebagai berikut: the following conditions applies:
i. entitas dan entitas pelapor adalah anggota dari i. the entity and the reporting entity are
kelompok usaha yang sama (artinya entitas member of the same the company (which
induk, entitas anak, dan entitas anak means that each parent, subsidiaries, and
berikutnya terkait dengan entitas lain); fellow subsidiaries is related to the others);
ii. suatu entitas adalah entitas asosiasi atau ii. one entity is an associate or joint venture of
ventura bersama bagi entitas lain (atau entitas the other entity (or an associate or joint
asosiasi atau ventura bersama yang venture of member of a company of which
merupakan anggota suatu kelompok usaha, di the other entity is a member);
mana entitas lain tersebut adalah anggotanya);
iii. kedua entitas tersebut adalah ventura iii. both entities are joint ventures of the same
bersama dari pihak ketiga yang sama; third party;
iv. suatu entitas adalah ventura bersama dari iv. one entity is a joint venture of a third entity
entitas ketiga dan entitas yang lain adalah and the other entity is an associate of the
entitas asosiasi dari entitas ketiga; third entity;
v. entitas tersebut adalah suatu program v. the entity is a post-employment benefit plan
imbalan pasca kerja untuk imbalan kerja dari for the benefit of employees of either the
suatu entitas pelapor atau entitas yang terkait reporting entity or an entity related to the
dengan entitas pelapor; reporting entity;
vi. entitas yang dikendalikan atau dikendalikan vi. the entity controlled or jointly controlled by a
bersama oleh orang yang diidentifikasi dalam person identified in (a);
butir (a);
vii. orang yang diidentifikasi, dalam butir (a) (i) vii. a person identified in (a) (i) has significant
memiliki pengaruh signifikan terhadap entitas influence over the entity or is a member of
atau anggota manajemen kunci entitas (atau the key management personel of the entity
entitas induk dari entitas); atau (or of a parent of the entity); or
viii. entitas, atau bagian dari grup dimana entitas viii. the entity, or any member of a group of which
merupakan anggotanya, menyediakan it is a part, provides key management
personal manajemen kunci kepada entitas personnel services to the reporting entity or
pelapor atau kepada pemegang saham dari to the parent of the reporting entity.
entitas pelaporan.
Jenis transaksi dan saldo dengan pihak-pihak berelasi The nature of transactions and balances of accounts
diungkapkan dalam catatan atas laporan keuangan with related parties are disclosed in the notes to the
konsolidasian. consolidated financial statements.
Halaman – 5/63 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 713
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ai. Saham tresuri ai. Treasury shares
Ketika Bank membeli modal saham ekuitas Bank When Bank purchases the Bank’s equity share capital
(saham tresuri), imbalan yang dibayar, termasuk (treasury shares), the consideration paid, including
biaya tambahan yang secara langsung dapat any directly attributable incremental cost (net of
diatribusikan (dikurangi pajak penghasilan) income taxes) is deducted from equity attributable to
dikurangkan dari ekuitas yang diatribusikan kepada the Bank’s equity holders until the shares are
pemilik ekuitas Bank sampai saham tersebut cancelled or reissued.
dibatalkan atau diterbitkan kembali.
Ketika saham tersebut selanjutnya diterbitkan Where such ordinary shares are subsequently
kembali, imbalan yang diterima, dikurangi biaya reissued, any consideration received, net of any
tambahan transaksi yang terkait dan dampak pajak directly attributable incremental transaction costs and
penghasilan yang terkait dimasukkan pada ekuitas the related income tax effects, is included in equity
yang dapat diatribusikan kepada pemilik ekuitas attributable to the Bank’s equity holders
Bank.
aj. Pelaporan segmen aj. Segment reporting
Sebuah segmen operasi adalah suatu komponen dari An operating segment is a component of entity which:
entitas:
a. yang terlibat dalam aktivitas bisnis yang a. involves with business activities to generate
memperoleh pendapatan dan menimbulkan income and expenses (include income and
beban (termasuk pendapatan dan beban yang expenses relating to the transactions with other
terkait dengan transaksi dengan komponen lain components with the same entity);
dari entitas yang sama);
b. hasil operasinya dikaji ulang secara reguler oleh b. operations result is observed regularly by
manajemen untuk membuat keputusan tentang management to make decisions regarding the
sumber daya yang dialokasikan pada segmen allocation of resources and to evaluate the
tersebut dan menilai kinerjanya; works;
c. tersedia informasi keuangan yang dapat c. separated financial information is available;
dipisahkan;
d. yang terlibat dalam aktivitas bisnis yang d. involves with business activities to generate
memperoleh pendapatan dan menimbulkan income and expenses (include income and
beban (termasuk pendapatan dan beban yang expenses relating to the transactions with other
terkait dengan transaksi dengan komponen lain components with the same entity);
dari entitas yang sama);
e. hasil operasinya dikaji ulang secara reguler oleh e. operations result is observed regularly by
manajemen untuk membuat keputusan tentang management to make decisions regarding the
sumber daya yang dialokasikan pada segmen allocation of resources and to evaluate the
tersebut dan menilai kinerjanya; dan works; and
f. tersedia informasi keuangan yang dapat f. separated financial information is available.
dipisahkan.
Halaman – 5/64 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 714
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
aj. Pelaporan segmen (lanjutan) aj. Segment reporting (continued)
Bank CIMB Niaga menyajikan segmen operasi Bank CIMB Niaga presents operating segments
berdasarkan informasi yang disiapkan secara internal based on the information that internally is provided to
untuk pengambil keputusan operasional. Berdasarkan the chief operating decision maker. Under SFAS 108
PSAK 108 (sebelumnya PSAK 5) (Revisi 2015), (previously SFAS 5) (Revised 2015), a business
sebuah segmen usaha adalah sekelompok aset dan segment is a group of assets and operations engaged
operasi yang menyediakan barang atau jasa yang in providing products or services that are subject to
memiliki risiko serta tingkat pengembalian yang risks and returns that are different from those of other
berbeda dengan segmen usaha lainnya. business segments.
Sebuah segmen geografis menyediakan jasa di dalam A geographical segment is engaged in providing
lingkungan ekonomi tertentu yang memiliki risiko serta services within a particular economic environment
tingkat pengembalian yang berbeda dengan segmen that are subject to risks and return that are different
operasi lainnya yang berada dalam lingkungan from those of segments operating in other economic
ekonomi lain. Bank CIMB Niaga melaporkan informasi environments. Bank CIMB Niaga reports the
segmen sekunder berdasarkan daerah Jakarta, Jawa secondary segment information based on Jakarta,
Barat, Jawa Tengah, Jawa Timur, Indonesia Timur, West Java, Central Java, East Java, East Indonesia,
dan Sumatera. and Sumatera.
ak. Pendapatan operasional lainnya – Lain-lain ak. Other operating income - Others
Pendapatan operasional lainnya – lain-lain terdiri atas Other operating income - others consists of income
pendapatan yang diterima dari pembayaran kembali from recovery of bad debt loans.
oleh debitur bermasalah.
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF SIGNIFICANT ACCOUNTING ESTIMATES AND
AKUNTANSI YANG PENTING JUDGEMENTS
Beberapa estimasi dan asumsi dibuat dalam rangka Certain estimates and assumption are made in the
penyusunan laporan keuangan konsolidasian dimana presentation of the consolidated financial statements.
dibutuhkan pertimbangan manajemen dalam menentukan These often require management judgement in
metodologi yang tepat untuk penilaian aset dan liabilitas. determining the appropriate methodology for valuation of
assets and liabilities.
Manajemen membuat estimasi dan asumsi yang Management makes estimates and assumptions that
berimplikasi pada pelaporan nilai aset dan liabilitas atas affect the reported amounts of assets and liabilities within
tahun keuangan satu tahun kedepan. Semua estimasi dan the next financial year. All estimates and assumptions
asumsi yang diharuskan oleh PSAK adalah estimasi required in conformity with SFAS are best estimates
terbaik yang didasarkan pada standar yang berlaku. undertaken in accordance with the applicable standard.
Estimasi dan pertimbangan dievaluasi secara terus Estimates and judgements are evaluated on a continuous
menerus dan berdasarkan pengalaman masa lalu dan
basis, and are based on past experience and other factors,
faktor-faktor lain termasuk harapan atas kejadian yang
akan datang. including expectations with regard to future events.
Halaman – 5/65 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 715
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF SIGNIFICANT ACCOUNTING ESTIMATES AND
AKUNTANSI YANG PENTING (lanjutan) JUDGEMENTS (continued)
Walaupun estimasi dan asumsi ini dibuat berdasarkan Although these estimates and assumptions are based on
pengetahuan terbaik manajemen atas kejadian dan management’s best knowledge of current events and
tindakan saat ini, hasil yang timbul mungkin berbeda activities, actual result may differ from those estimates and
dengan estimasi dan asumsi semula. assumptions.
a. Cadangan kerugian penurunan nilai aset keuangan a. Allowance for impairment losses of financial
assets
Aset keuangan yang dicatat berdasarkan biaya Financial assets accounted for at amortised cost are
perolehan diamortisasi dievaluasi penurunan nilainya evaluated for impairment on a basis described in Note
sesuai dengan Catatan 2h. 2h.
Kondisi spesifik penurunan nilai counterparty dalam The specific counterparty conditions in determining
pembentukan cadangan kerugian penurunan nilai atas impairment amount of the financial assets is
aset keuangan dievaluasi secara individu berdasarkan evaluated individually and is based upon
estimasi terbaik manajemen atas nilai kini arus kas management's best estimate of the present value of
yang diharapkan akan diterima. Dalam mengestimasi the cash flows that are expected to be received. In
arus kas tersebut, manajemen membuat estimating these cash flows, management makes
pertimbangan tentang situasi keuangan counterparty judgements about the counterparty's financial
dan nilai realisasi bersih dari setiap agunan. Setiap situation and the net realisable value of any
aset yang mengalami kerugian penurunan nilai dinilai underlying collateral. Each impairment asset is
sesuai dengan manfaat yang ada dan strategi assessed on its merits and the workout strategy and
penyelesaian serta estimasi arus kas yang estimated cash flows considered recoverable, are
diperkirakan dapat diterima, disetujui secara independently approved by the Risk Management.
independen oleh Manajemen Risiko.
Guna membuat estimasi cadangan yang diperlukan, In order to estimate the required allowance,
asumsi dibuat untuk menentukan kerugian yang assumptions are made to define the way inherent
melekat dan untuk menentukan parameter input yang losses are modelled and to determine the required
diperlukan berdasarkan pengalaman masa lalu dan input parameters, based on historical experience and
kondisi ekonomi saat ini dan perkiraan masa depan. current economic conditions and forward looking
forecast.
Keakuratan penyisihan tergantung pada seberapa The accuracy of the allowances depends on how well
baik estimasi arus kas masa depan untuk cadangan the estimation of future cash flows for specific
counterparty tertentu dan asumsi model dan counterparty allowances and the model assumptions
parameter yang digunakan dalam menentukan and parameters used in determining collective
cadangan kolektif. allowances.
Halaman – 5/66 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 716
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF SIGNIFICANT ACCOUNTING ESTIMATES AND
AKUNTANSI YANG PENTING (lanjutan) JUDGEMENTS (continued)
b. Menentukan nilai wajar instrumen keuangan b. Determining fair values of financial instruments
Dalam menentukan nilai wajar aset keuangan dan In determining the fair value for financial assets and
liabilitas yang tidak mempunyai harga pasar, financial liabilities for which there is no observable
Bank CIMB Niaga menggunakan teknik penilaian market price, Bank CIMB Niaga uses the valuation
seperti yang dijelaskan dalam Catatan 2f untuk techniques as described in Note 2f for financial
instrumen keuangan yang jarang diperdagangkan dan instruments that are traded infrequently and have a
memiliki informasi harga yang terbatas, nilai wajar lack of price transparency, less objectivity in fair value
yang kurang objektif dan membutuhkan berbagai and requires varying degrees of judgement
tingkat penilaian tergantung pada likuiditas, depending on liquidity, concentration, uncertainty of
konsentrasi, faktor ketidakpastian pasar, asumsi market factors, pricing assumptions, and other risks.
harga, dan risiko lainnya.
c. Imbalan pensiun c. Pension benefits
Manfaat pensiun tergantung pada beberapa faktor The present value of the pension obligations depends
yang ditentukan dengan dasar aktuarial berdasarkan on a number of factors that are determined on an
beberapa asumsi. Asumsi yang digunakan untuk actuarial basis using a number of assumptions. The
menentukan biaya (penghasilan) pensiun neto assumptions used in determining the net cost
mencakup tingkat diskonto, asumsi yang digunakan (income) for pensions include the discount rate, the
dalam menentukan biaya/(pendapatan) untuk imbalan assumptions used in determining the net
kerja karyawan antara lain tingkat diskonto, tingkat cost/(income) for employee’s benefit included the
kenaikan gaji di masa datang, tingkat pengembalian discount rate, salary increment rate, expected return
investasi, tingkat pengunduran diri, tingkat mortalita on investmens, resignation rate, mortality rate and
dan lain-lain. Perubahan asumsi ini akan others. Any changes in these assumptions will impact
mempengaruhi jumlah tercatat liabilitas pensiun. the carrying amount of pension obligations.
Bank CIMB Niaga dan Entitas Anak menentukan Bank CIMB Niaga and Subsidiaries determine the
tingkat diskonto yang sesuai pada akhir periode appropriate discount rate at the end of each reporting
pelaporan, yakni tingkat suku bunga yang harus period. This is the interest rate that should be used to
digunakan untuk menentukan nilai kini arus kas keluar determine the present value of estimated future cash
masa depan estimasian yang diharapkan untuk outflows expected to be required to settle the pension
menyelesaikan liabilitas pensiun. Dalam menentukan obligations. In determining the appropriate discount
tingkat suku bunga yang sesuai, Bank CIMB Niaga rate, Bank CIMB Niaga and Subsidiaries considers
dan Entitas Anak mempertimbangkan tingkat suku the interest rates of Government Bonds that are
denominated in the currency in which the benefits will
bunga Obligasi Pemerintah yang didenominasikan
be paid and that have terms to maturity approximating
dalam mata uang imbalan akan dibayar dan memiliki
the terms of the related pension obligation.
jangka waktu yang serupa dengan jangka waktu
liabilitas pensiun yang terkait.
Tingkat kenaikan gaji per tahun didasarkan pada Annual salary increment rate is determined based on
informasi historis atas tingkat kenaikan gaji historical information of previous salary increment
sebelumnya, tingkat inflasi dan masa kerja. rate, inflation rate and length of service.
Asumsi tingkat mortalitas telah didasarkan pada tabel Mortality rate assumption is based on the latest
mortalita terbaru yang dihitung dengan menggunakan mortality table which is calculated using actuarial
metode aktuaria yang diterima secara umum. method that is generally accepted.
Halaman – 5/67 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 717
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF SIGNIFICANT ACCOUNTING ESTIMATES AND
AKUNTANSI YANG PENTING (lanjutan) JUDGEMENTS (continued)
c. Imbalan pensiun (lanjutan) c. Pension benefits (continued)
Tingkat pengembalian investasi didasarkan pada Expected rate of return on investment is based on
informasi historis dan proyeksi pasar ke depan. historical information and future market projections.
Asumsi tingkat pengunduran diri didasarkan pada Resignation rate assumption is based on historical
informasi historis. information.
d. Pajak penghasilan d. Income taxes
Pertimbangan yang signifikan diperlukan dalam Significant judgment is required in determining the tax
menentukan penyisihan pajak. allowance.
Bank CIMB Niaga dan Entitas Anak memelihara Bank CIMB Niaga and Subsidiaries maintain a
provisi untuk posisi pajak terhadap sengketa pajak provision for tax positions for ongoing tax disputes
yang masih berjalan yang dibuat dengan which are made using the best estimate based on
menggunakan estimasi terbaik berdasarkan penilaian assessment of all factors relating to the tax positions
atas semua faktor yang berkaitan dengan posisi pajak of Bank CIMB Niaga and Subsidiaries. Bank CIMB
Bank CIMB Niaga dan Entitas Anak. Bank CIMB Niaga Niaga and Subsidiaries review the adequacy of these
dan Entitas Anak mengkaji kecukupan ketentuan provisions at the end of each reporting period and
tersebut pada setiap akhir periode pelaporan dan adjust them based on changing facts and
menyesuaikannya berdasarkan fakta dan keadaan circumstances and the impact will be recorded in
yang berubah dan dampaknya akan dicatat dalam profit or loss.
laba rugi.
Manajemen berkeyakinan bahwa penyelesaian akhir Management believes that the ultimate resolution of
dari hal-hal tersebut, baik secara individu maupun any such matters, individually or in the aggregate, will
secara keseluruhan, tidak akan berdampak negatif not have a material adverse impact on the Bank and
secara material terhadap kondisi keuangan Bank dan Subsidiaries’ financial condition taken as a whole.
Entitas Anak secara keseluruhan.
e. Cadangan kompensasi berbasis saham e. Share-based compensation reserve
Nilai wajar opsi yang diberikan: The fair value of the options granted:
- termasuk kondisi kinerja pasar (misalnya, harga - including any market performance conditions
saham entitas); (for example, an entity’s share price);
- tidak termasuk dampak dari jasa dan kondisi - excluding the impact of any service and
vesting yang tidak dipengaruhi kinerja pasar nonmarket performance vesting conditions (for
(misalnya, profitabilitas, target pertumbuhan example, profitability, sale growth targets and
penjualan dan tetap menjadi karyawan remain as employee of the entity over a specified
perusahaan selama periode waktu tertentu); dan time period); and
- termasuk dampak dari kondisi non-vesting. - including the impact of any non-vesting
conditions.
Syarat jasa dan syarat yang tidak dipengaruhi kinerja Non-market performance and service conditions are
pasar dimasukkan di dalam asumsi mengenai jumlah included in assumptions about the number of options
opsi yang diharapkan akan vest. that are expected to vest.
Halaman – 5/68 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 718
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
4. KAS 4. CASH
2024 2023 2022
Rupiah 2,812,040 2,948,438 4,474,340 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 456,490 358,888 430,421 United States Dollar
Euro 136,307 264,020 94,739 Euro
Dolar Singapura 77,898 183,098 230,189 Singapore Dollar
Dolar Australia 43,493 102,526 135,104 Australian Dollar
Dolar Kanada 23,785 583 178 Canadian Dollar
Yen Jepang 21,697 15,030 16,228 Japanese Yen
Franc Swiss 21,516 11,487 7,061 Swiss Franc
Pound Sterling Inggris 17,801 7,548 6,832 Britain Pound Sterling
Riyal Saudi Arabia 17,254 23,833 14,905 Saudi Arabian Riyal
Lain-lain 21,856 12,995 29,401 Others
3,650,137 3,928,446 5,439,398
Kas dalam mata uang asing lain-lain terdiri dari Cash in other foreign currencies are denominated in
Dolar Hong Kong, Dolar Selandia Baru, Ringgit Malaysia, Hong Kong Dollar, New Zealand Dollar, Malaysian Ringgit,
Yuan Cina, Baht Thailand. Chinese Yuan, Thailand Baht.
Pada tanggal 31 Desember 2024, saldo dalam mata uang As at 31 December 2024, the Rupiah balance includes
Rupiah termasuk uang pada Anjungan Tunai Mandiri cash in Automatic Teller Machines (“ATMs”) amounting to
(“ATM”) berjumlah Rp 647.900 (2023: Rp 736.618; Rp 647,900 (2023: Rp 736,618; 2022: Rp 991,865).
2022: Rp 991.865).
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
2024 2023 2022
Rupiah 8,398,250 11,707,048 7,385,741 Rupiah
Dolar Amerika Serikat 1,592,459 1,473,206 1,599,516 United States Dollar
9,990,709 13,180,254 8,985,257
Pada tanggal 31 Desember 2024, di dalam giro pada As at 31 December 2024, current accounts with Bank
Bank Indonesia terdapat giro yang didasarkan pada Indonesia include current account based on sharia banking
prinsip perbankan syariah sebesar Rp 2.829.486 principle amounting to Rp 2,829,486 (2023: Rp 1,679,598;
(2023: Rp 1.679.598; 2022: Rp 2.279.887). 2022: Rp 2,279,887).
Halaman – 5/69 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 719
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan mata uang a. By currency
2024 2023 2022
Rupiah 68,226 352,004 177,957 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 719,624 544,488 780,104 United States Dollar
Dolar Australia 492,766 111,146 243,453 Australian Dollar
Yen Jepang 445,139 754,651 447,277 Japanese Yen
Euro 197,980 174,170 400,974 Euro
Pound Sterling Inggris 167,235 170,260 242,749 Great Britain Pound Sterling
Dolar Singapura 138,709 289,486 335,050 Singapore Dollar
Yuan Cina 68,644 175,137 13,025 Chinese Yuan
Dolar Selandia Baru 53,694 18,368 33,639 New Zealand Dollar
Ringgit Malaysia 44,497 8,916 2,797 Malaysian Ringgit
Riyal Saudi Arabia 30,975 3,265 1,265 Saudi Arabian Riyal
Dolar Kanada 29,938 19,120 25,641 Canadian Dollar
Dolar Hong Kong 20,847 55,572 22,615 Hong Kong Dollar
Lain-lain 30,643 26,683 21,912 Others
2,508,917 2,703,266 2,748,458
Termasuk dalam lain-lain adalah mata uang asing Included in others are foreign currencies
dalam Baht Thailand, Franc Swiss, dan Won Korea. denominated in Thailand Baht, Swiss Franc, and
Korean Won.
b. Berdasarkan transaksi dengan pihak berelasi b. By transactions with related party
Giro pada bank lain dari pihak berelasi diungkapkan Current accounts with other banks from related
dalam Catatan 48. parties are disclosed in Note 48.
c. Cadangan kerugian penurunan nilai c. Allowance for impairment losses
Manajemen berpendapat bahwa tidak terdapat Management believes that there was no impaired
penurunan nilai atas giro pada bank lain sehingga tidak current account with other banks therefore no
diperlukan cadangan kerugian penurunan nilai. allowance for impairment losses was needed.
d. Berdasarkan jatuh tempo d. By maturity date
Informasi mengenai jatuh tempo diungkapkan pada Information in respect of maturities is disclosed in
Catatan 55. Note 55.
Halaman – 5/70 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 720
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENT WITH OTHER BANKS AND BANK
INDONESIA INDONESIA
a. Berdasarkan jenis, mata uang, dan nama bank a. By type, currency, and bank’s name
2024 2023 2022
Rupiah Rupiah
Fasilitas Simpanan Bank Bank Indonesia Deposit Facility
Indonesia (FASBI) (FASBI)
Bank Indonesia 2,000,292 1,850,809 9,801,082 Bank Indonesia
Deposito Berjangka Time deposits
PT Bank Rakyat Indonesia (Persero) Tbk 300 - - PT Bank Rakyat Indonesia (Persero) Tbk
Jumlah Rupiah 2,000,592 1,850,809 9,801,082 Total Rupiah
Mata Uang Asing Foreign Currencies
Deposito Berjangka Time deposits
Dolar Amerika Serikat United States Dollar
Bank Indonesia 2,848,815 2,401,933 4,701,385 Bank Indonesia
Call Money Call Money
Dolar Amerika Serikat United States Dollar
Bank of New York, NY 158,050 280,249 212,343 Bank of New York, NY
Wells Fargo Bank NA, NY 40,238 - 139,329 Wells Fargo Bank NA, NY
Indover Bank - 8,711 8,808 Indover Bank
Citibank, NY - - 15,655 Citibank, NY
Jumlah Mata Uang Asing 3,047,103 2,690,893 5,077,520 Total Foreign Currencies
5,047,695 4,541,702 14,878,602
Dikurangi: Less:
Cadangan kerugian penurunan nilai - (8,714) (8,808) Allowance for impairment losses
5,047,695 4,532,988 14,869,794
Pada tanggal 31 Desember 2024, tidak terdapat As at 31 December 2024, there was no impaired
penempatan pada bank lain yang mengalami placement with other bank (placement that
penurunan nilai (penempatan yang mengalami experienced impairment as of 31 December 2023
penurunan nilai pada tanggal 31 Desember 2023 dan and 2022, at Indover Bank amounted to Rp 8,714 and
2022 pada Indover Bank masing- masing sebesar Rp 8,808, respectively).
Rp 8.714 dan Rp 8.808).
b. Berdasarkan tahapan b. By staging
2024 2023 2022
Konvensional Conventional
Tahap 1 3,047,403 2,682,182 8,868,211 Stage 1
Tahap 2 - - - Stage 2
Tahap 3 - 8,711 8,808 Stage 3
3,047,403 2,690,893 8,877,019
Syariah 2,000,292 1,850,809 6,001,583 Sharia
5,047,695 4,541,702 14,878,602
Dikurangi: Less:
Cadangan kerugian penurunan nilai - (8,714) (8,808) Allowance for impairment losses
5,047,695 4,532,988 14,869,794
c. Berdasarkan transaksi dengan pihak berelasi c. By transactions with related party
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, there was
tidak terdapat penempatan pada pihak berelasi. no placement with related party.
Halaman – 5/71 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 721
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENT WITH OTHER BANKS AND BANK
INDONESIA (lanjutan) INDONESIA (continued)
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, there was
tidak terdapat penempatan pada pihak berelasi. no placement with related party.
2024 2023 2022
< 1 bulan 5,047,395 4,541,702 14,878,602 < 1 month
> 1 bulan - 3 bulan 300 - - > 1 month - 3 months
5,047,695 4,541,702 14,878,602
Dikurangi: Less:
Cadangan kerugian penurunan nilai - (8,714) (8,808) Less: Allowance for impairment losses
5,047,695 4,532,988 14,869,794
e. Penempatan pada bank lain yang digunakan e. Placement with other banks pledged as collateral
sebagai jaminan
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, there was
tidak terdapat penempatan yang dijaminkan. no placement pledged as collateral.
f. Tingkat suku bunga per tahun f. Annual interest rates
2024 2023 2022
Rupiah 4.53% - 5.25% 5.25% - 5.58% 4.32% - 4.75% Rupiah
Mata Uang Asing 2.60% - 3.34% 2.00% - 5.67% 2.00% - 4.50% Foreign Currencies
g. Mutasi penempatan pada Bank lain dan Bank g. Movement of placement with other Banks and
Indonesia Bank Indonesia
Mutasi penempatan pada Bank lain dan Bank The movement of placement with other Banks and
Indonesia berdasarkan tahapan adalah: Bank Indonesia based on staging were as follows:
2024
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 2,682,182 - - 8,711 2,690,893 1,850,809 4,541,702 Beginning balance
Penambahan penempatan baru 718,651,913 - - - 718,651,913 30,841,060 749,492,973 New placement originated
Penghapusbukuan penempatan - - - (8,563) (8,563) - (8,563) Write-off of placement
Pelepasan penempatan (718,286,692) - - (551) (718,287,243) (30,691,577) (748,978,820) Derecognition of placement
Lain-lain *) - - - 403 403 - 403 Others *)
Saldo akhir 3,047,403 - - - 3,047,403 2,000,292 5,047,695 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 8,868,211 - - 8,808 8,877,019 6,001,583 14,878,602 Beginning balance
Penambahan penempatan baru 887,868,689 - - - 887,868,689 60,606,933 948,475,622 New placement originated
Pelepasan penempatan (894,054,718) - - - (894,054,718) (64,757,707) (958,812,425) Derecognition of placement
Lain-lain *) - - - (97) (97) - (97) Others *)
Saldo akhir 2,682,182 - - 8,711 2,690,893 1,850,809 4,541,702 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Halaman – 5/72 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 722
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENT WITH OTHER BANKS AND BANK
INDONESIA (lanjutan) INDONESIA (continued)
g. Mutasi penempatan pada Bank lain dan Bank g. Movement of placement with other Banks and
Indonesia (lanjutan) Bank Indonesia (continued)
Mutasi penempatan pada Bank lain dan Bank The movement of placement with other Banks and
Indonesia berdasarkan tahapan adalah: (lanjutan) Bank Indonesia based on staging were as follows:
(continued)
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 21,320,023 - - 8,064 21,328,087 9,025,830 30,353,917 Beginning balance
Penambahan penempatan baru 1,199,260,787 - - - 1,199,260,787 112,004,257 1,311,265,044 New placement originated
Pelepasan penempatan (1,211,712,599) - - - (1,211,712,599) (115,028,504) (1,326,741,103) Derecognition of placement
Lain-lain *) - - - 744 744 - 744 Others *)
Saldo akhir 8,868,211 - - 8,808 8,877,019 6,001,583 14,878,602 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
h. Cadangan kerugian penurunan nilai h. Allowance for impairment losses
Perubahan cadangan kerugian penurunan nilai Movements of allowance for impairment losses were
adalah: as follows:
2024
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 3 - - 8,711 8,714 - 8,714 Beginning balance
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Pemulihan selama tahun berjalan (3) - - (551) (554) - (554) Reversal during the year
Penghapusan selama tahun berjalan - - - (8,563) (8,563) - (8,563) Write-off during the year
Lain-lain *) - - - 403 403 - 403 Others *)
Saldo akhir - - - - - - - Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal - - - 8,808 8,808 - 8,808 Beginning balance
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Pembentukan selama tahun berjalan - - - - - - - Additional during the year
Lain-lain *) 3 - - (97) (94) - (94) Others *)
Saldo akhir 3 - - 8,711 8,714 - 8,714 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Halaman – 5/73 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 723
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENT WITH OTHER BANKS AND BANK
INDONESIA (lanjutan) INDONESIA (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 68 - - 8,064 8,132 - 8,132 Beginning balance
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Pemulihan selama tahun berjalan (68) - - - (68) - (68) Reversal during the year
Lain-lain *) - - - 744 744 - 744 Others *)
Saldo akhir - - - 8,808 8,808 - 8,808 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Manajemen berpendapat bahwa jumlah cadangan Management believes the allowance for impairment
kerugian penurunan nilai yang dibentuk telah losses is adequate.
memadai.
8. EFEK-EFEK 8. MARKETABLE SECURITIES
a. Berdasarkan tujuan, jenis, dan mata uang a. By purpose, type, and currency
2024 2023 2022
Biaya perolehan diamortisasi Amortised cost
Rupiah Rupiah
Obligasi 719,250 622,500 1,294,500 Bonds
(Diskonto)/premi yang belum diamortisasi (298) 208 836 Unamortised (discount)/premium
Nilai bersih 718,952 622,708 1,295,336 Net
Tagihan Wesel Ekspor 99,692 131,063 49,059 Bill receivables
Wesel Jangka Menengah - 15,000 15,000 Medium Term Notes
Dolar Amerika Serikat United States Dollar
Tagihan Wesel Ekspor 105,016 285,920 116,937 Bill receivables
Jumlah biaya perolehan diamortisasi 923,660 1,054,691 1,476,332 Total amortised cost
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
Rupiah Rupiah
Obligasi 4,651,570 5,779,470 4,148,500 Bonds
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direalisasi atas (penurunan)/kenaikan nilai (47,603) (45,576) 2,115 (decrease)/increase in value
Premi yang belum diamortisasi 10,619 30,686 20,805 Unamortised premium
Nilai bersih 4,614,586 5,764,580 4,171,420 Net
Sekuritas Rupiah Bank Indonesia 14,683,454 200,000 - Sekuritas Rupiah Bank Indonesia
Keuntungan/(kerugian) yang belum Unrealised gains/(losses) on
direalisasi atas kenaikan/(penurunan) nilai 6,939 (305) - (decrease)/increase in value
Diskonto yang belum diamortisasi (438,561) (5,919) - Unamortised discount
Nilai bersih 14,251,832 193,776 - Net
Dolar Amerika Serikat United States Dollar
Obligasi 1,173,921 981,189 77,838 Bonds
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direaliasi atas (penurunan)/kenaikan nilai (349) 7,735 (921) (decrease)/increase in value
(Diskonto)/premi yang belum diamortisasi (20,100) (30,913) 236 Unamortised (discount)/premium
Nilai bersih 1,153,472 958,011 77,153 Net
Sukuk Bank Indonesia - 30,794 - Sukuk Bank Indonesia
Jumlah nilai wajar melalui Total fair value through
penghasilan komprehensif lain 20,019,890 6,947,161 4,248,573 other comprehensive income
Halaman – 5/74 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 724
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
a. Berdasarkan tujuan, jenis, dan mata uang a. By purpose, type, and currency (continued)
(lanjutan)
2024 2023 2022
Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
Obligasi 390,580 1,283,446 93,880 Bonds
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direaliasi atas (penurunan)/kenaikan nilai (1,555) 731 586 (decrease)/increase in value
Premi yang belum diamortisasi 420 3,526 1,257 Unamortised premium
Nilai bersih 389,445 1,287,703 95,723 Net
Sekuritas Rupiah Bank Indonesia 2,175,883 59,929 - Sekuritas Rupiah Bank Indonesia
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direaliasi atas (penurunan)/kenaikan nilai (1,549) 22 - (decrease)/increase in value
Diskonto yang belum diamortisasi (83,366) (2,689) - Unamortised discount
Nilai bersih 2,090,968 57,262 - Net
Dolar Amerika Serikat United States Dollar
Obligasi 42,040 58,601 9,808 Bonds
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direaliasi atas (penurunan)/kenaikan nilai (1,062) 2,208 (107) (decrease)/increase in value
Diskonto yang belum diamortisasi (8,807) (4,533) (2,236) Unamortised discount
Nilai bersih 32,171 56,276 7,465 Net
Jumlah nilai wajar melalui laba rugi 2,512,584 1,401,241 103,188 Total fair value through profit or loss
Jumlah efek-efek 23,456,134 9,403,093 5,828,093 Total marketable securities
Dikurangi: Cadangan kerugian penurunan nilai (840) (39,160) (18,428) Less: Allowance for impairment losses
23,455,294 9,363,933 5,809,665
b. Berdasarkan tujuan, jenis, mata uang dan penerbit b. By purpose, type, currency and issuer
Biaya perolehan diamortisasi Amortised cost
2024 2023 2022
Rupiah Rupiah
PT Merdeka Battery Materials Tbk 149,790 - - PT Merdeka Battery Materials Tbk
PT Indah Kiat Pulp and Paper Tbk 144,871 - - PT Indah Kiat Pulp and Paper Tbk
PT Polytama Propindo 110,250 220,500 220,500 PT Polytama Propindo
PT Samudera Indonesia Tbk 99,969 99,939 - PT Samudera Indonesia Tbk
PT Chandra Asri Petrochemical Tbk 90,000 90,000 90,000 PT Chandra Asri Petrochemical Tbk
PT Telekomunikasi Indonesia (Persero) Tbk 58,000 58,000 58,000 PT Telekomunikasi Indonesia (Persero) Tbk
PT Petrosea Tbk 45,961 - - PT Petrosea Tbk
Lembaga Pembiayaan Ekspor Indonesia 20,111 20,172 41,413 Lembaga Pembiayaan Ekspor Indonesia
PT Sinar Mas Resources and Technology Tbk - 50,000 100,000 PT Sinar Mas Resources and Technology Tbk
PT Tunas Baru Lampung Tbk - 34,984 34,968 PT Tunas Baru Lampung Tbk
PT Perusahaan Listrik Negara (Persero) - 25,042 28,251 PT Perusahaan Listrik Negara (Persero)
PT Sarana Multi Infrastruktur (Persero) - 20,057 20,138 PT Sarana Multi Infrastruktur (Persero)
PT Arpeni Pratama Ocean Line Tbk - 15,000 15,000 PT Arpeni Pratama Ocean Line Tbk
PT Adira Dinamika Multi Finance Tbk - 4,014 7,088 PT Adira Dinamika Multi Finance Tbk
PT Ultrajaya Milk Industry Tbk - - 200,000 PT Ultrajaya Milk Industry Tbk
PT Bank Rakyat Indonesia (Persero) Tbk - - 169,978 PT Bank Rakyat Indonesia (Persero) Tbk
PT Medco Energi Internasional Tbk - - 150,000 PT Medco Energi Internasional Tbk
PT Eatwell Culinary Indonesia - - 100,000 PT Eatwell Culinary Indonesia
PT Tower Bersama Infrastructure Tbk - - 75,000 PT Tower Bersama Infrastructure Tbk
Perusahaan lainnya (Tagihan Wesel Ekspor) 99,692 131,063 49,059 Other companies (Bill receivables)
818,644 768,771 1,359,395
Dolar Amerika Serikat United States Dollar
Perusahaan lainnya (Tagihan Wesel Ekspor) 105,016 285,920 116,937 Other companies (Bill receivables)
105,016 285,920 116,937
Jumlah biaya perolehan diamortisasi 923,660 1,054,691 1,476,332 Total amortised cost
Halaman – 5/75 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 725
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
b. Berdasarkan tujuan, jenis, mata uang dan penerbit b. By purpose, type, currency and issuer (continued)
(lanjutan)
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
2024 2023 2022
Rupiah Rupiah
Bank Indonesia 14,251,832 193,776 - Bank Indonesia
PT Sarana Multigriya Finansial (Persero) 946,853 608,883 515,349 PT Sarana Multigriya Finansial (Persero)
PT Sarana Multi Infrastruktur (Persero) 473,289 426,168 276,894 PT Sarana Multi Infrastruktur (Persero)
PT Adira Dinamika Multi Finance Tbk 462,893 434,257 395,658 PT Adira Dinamika Multi Finance Tbk
PT Tower Bersama Infrastructure Tbk 368,118 485,346 79,765 PT Tower Bersama Infrastructure Tbk
PT Indosat Tbk 277,947 252,523 53,287 PT Indosat Tbk
PT Federal International Finance 258,480 298,533 118,075 PT Federal International Finance
PT Bank Rakyat Indonesia (Persero) Tbk 246,373 232,155 - PT Bank Rakyat Indonesia (Persero) Tbk
PT Mandiri Tunas Finance 227,006 226,538 58,950 PT Mandiri Tunas Finance
PT Bussan Auto Finance 198,774 341,444 250,967 PT Bussan Auto Finance
PT Wahana Ottomitra Multiartha Tbk 193,926 203,331 - PT Wahana Ottomitra Multiartha Tbk
PT Astra Sedaya Finance 161,963 332,554 287,574 PT Astra Sedaya Finance
PT Permodalan Nasional Madani 140,633 100,713 105,197 PT Permodalan Nasional Madani
PT Maybank Indonesia Finance 86,368 161,452 115,907 PT Maybank Indonesia Finance
PT Bank Syariah Indonesia Tbk 82,348 - - PT Bank Syariah Indonesia Tbk
PT Toyota Astra Financial Services 80,400 88,196 4,045 PT Toyota Astra Financial Services
PT Perusahaan Listrik Negara (Persero) 75,603 101,878 182,718 PT Perusahaan Listrik Negara (Persero)
PT Hino Finance Indonesia 74,347 29,781 - PT Hino Finance Indonesia
PT Profesional Telekomunikasi Indonesia 74,319 74,308 - PT Profesional Telekomunikasi Indonesia
PT Kereta Api Indonesia (Persero) 50,426 - - PT Kereta Api Indonesia (Persero)
PT Bank Mandiri (Persero) Tbk 48,580 48,547 - PT Bank Mandiri (Persero) Tbk
Lembaga Pembiayaan Ekspor Indonesia 36,241 793,854 638,147 Lembaga Pembiayaan Ekspor Indonesia
PT Telekomunikasi Indonesia (Persero) Tbk 21,320 - - PT Telekomunikasi Indonesia (Persero) Tbk
PT Semen Indonesia (Persero) Tbk 20,514 20,716 - PT Semen Indonesia (Persero) Tbk
PT Pegadaian (Persero) 7,865 395,522 221,374 PT Pegadaian (Persero)
PT Bank SMBC Indonesia Tbk - 40,286 - PT Bank SMBC Indonesia Tbk
PT Bank Tabungan Negara (Persero) Tbk - 30,274 181,684 PT Bank Tabungan Negara (Persero) Tbk
PT Bank Maybank Indonesia Tbk - 30,250 351,428 PT Bank Maybank Indonesia Tbk
PT Pupuk Indonesia (Persero) - 7,071 - PT Pupuk Indonesia (Persero)
PT Chandra Asri Petrochemical Tbk - - 172,263 PT Chandra Asri Petrochemical Tbk
PT Ultrajaya Milk Industry Tbk - - 101,963 PT Ultrajaya Milk Industry Tbk
PT Bank Pan Indonesia Tbk - - 60,175 PT Bank Pan Indonesia Tbk
18,866,418 5,958,356 4,171,420
Dolar Amerika Serikat United States Dollar
PT Perusahaan Listrik Negara (Persero) 552,235 493,414 - PT Perusahaan Listrik Negara (Persero)
PT Bank Negara Indonesia (Persero) Tbk 272,625 - - PT Bank Negara Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 165,662 133,246 - PT Bank Mandiri (Persero) Tbk
PT Pertamina (Persero) 114,980 106,562 77,153 PT Pertamina (Persero)
PT Pertamina Geothermal Energy Tbk 47,970 46,397 - PT Pertamina Geothermal Energy Tbk
PT Bank Rakyat Indonesia (Persero) Tbk - 135,564 - PT Bank Rakyat Indonesia (Persero) Tbk
Lembaga Pembiayaan Ekspor Indonesia - 42,828 - Lembaga Pembiayaan Ekspor Indonesia
Bank Indonesia - 30,794 - Bank Indonesia
1,153,472 988,805 77,153
Jumlah nilai wajar melalui Total fair value through
penghasilan komprehensif lain 20,019,890 6,947,161 4,248,573 other comprehensive income
Halaman – 5/76 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 726
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
b. Berdasarkan tujuan, jenis, mata uang, dan b. By purpose, type, currency, and issuer (continued)
penerbit (lanjutan)
Nilai wajar melalui laba rugi Fair value through profit or loss
2024 2023 2022
Rupiah Rupiah
Bank Indonesia 2,090,968 57,262 - Bank Indonesia
PT Merdeka Copper Gold Tbk 79,984 65,815 26 PT Merdeka Copper Gold Tbk
PT Mandiri Tunas Finance 49,424 53,610 623 PT Mandiri Tunas Finance
PT Kereta Api Indonesia (Persero) 37,945 5 - PT Kereta Api Indonesia (Persero)
PT Bussan Auto Finance 34,743 9,990 15,423 PT Bussan Auto Finance
PT Indosat Tbk 33,051 35,708 101 PT Indosat Tbk
PT Federal International Finance 30,814 4,041 - PT Federal International Finance
PT Adira Dinamika Multi Finance Tbk 29,890 127,233 - PT Adira Dinamika Multi Finance Tbk
PT Sarana Multigriya Finansial (Persero) 29,779 - 14,966 PT Sarana Multigriya Finansial (Persero)
PT Indah Kiat Pulp and Paper Tbk 23,259 20 5,041 PT Indah Kiat Pulp and Paper Tbk
PT Tower Bersama Infrastructure Tbk 14,989 225,692 14,132 PT Tower Bersama Infrastructure Tbk
PT Toyota Astra Financial Services 14,301 29,045 - PT Toyota Astra Financial Services
PT Bank Rakyat Indonesia (Persero) Tbk 4,327 74,945 - PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Pan Indonesia Tbk 2,319 - - PT Bank Pan Indonesia Tbk
PT Astra Sedaya Finance 2,096 28,647 1,981 PT Astra Sedaya Finance
PT Perusahaan Listrik Negara (Persero) 1,927 32,943 4,616 PT Perusahaan Listrik Negara (Persero)
PT Bank Negara Indonesia (Persero) Tbk 398 - - PT Bank Negara Indonesia (Persero) Tbk
PT Pegadaian (Persero) 199 89,716 - PT Pegadaian (Persero)
PT Pupuk Indonesia (Persero) - 141,021 - PT Pupuk Indonesia (Persero)
PT Chandra Asri Petrochemical Tbk - 63,059 - PT Chandra Asri Petrochemical Tbk
PT Maybank Indonesia Finance - 62,196 50 PT Maybank Indonesia Finance
Lembaga Pembiayaan Ekspor Indonesia - 54,035 214 Lembaga Pembiayaan Ekspor Indonesia
PT Mora Telematika Indonesia Tbk - 26,762 - PT Mora Telematika Indonesia Tbk
PT Bank SMBC Indonesia Tbk - 20,143 - PT Bank SMBC Indonesia Tbk
PT Indonesia Infrastructure Finance - 20,022 - PT Indonesia Infrastructure Finance
PT Hino Finance Indonesia - 19,854 - PT Hino Finance Indonesia
PT Wahana Ottomitra Multiartha Tbk - 10,025 - PT Wahana Ottomitra Multiartha Tbk
PT Permodalan Nasional Madani - 9,383 36,020 PT Permodalan Nasional Madani
PT Profesional Telekomunikasi Indonesia - 4,954 - PT Profesional Telekomunikasi Indonesia
PT Bank Mandiri (Persero) Tbk - 2,786 - PT Bank Mandiri (Persero) Tbk
PT Semen Indonesia (Persero) Tbk - 2,691 2,126 PT Semen Indonesia (Persero) Tbk
PT Medco Energi Internasional Tbk - 50 - PT Medco Energi Internasional Tbk
PT Sarana Multi Infrastruktur (Persero) - 73,312 - PT Sarana Multi Infrastruktur (Persero)
PT Indomobil Finance Indonesia - - 301 PT Indomobil Finance Indonesia
PT Jakarta Lingkar Barat Satu - - 103 PT Jakarta Lingkar Barat Satu
2,480,413 1,344,965 95,723
Dolar Amerika Serikat United States Dollar
PT Pertamina (Persero) 16,770 6,052 3,181 PT Pertamina (Persero)
PT Perusahaan Listrik Negara (Persero) 14,566 17,837 4,284 PT Perusahaan Listrik Negara (Persero)
PT Bank Mandiri (Persero) Tbk 835 32,387 - PT Bank Mandiri (Persero) Tbk
32,171 56,276 7,465
Jumlah nilai wajar melalui laba rugi 2,512,584 1,401,241 103,188 Total fair value through profit or loss
Jumlah efek-efek 23,456,134 9,403,093 5,828,093 Total marketable securities
Dikurangi: Cadangan kerugian penurunan nilai (840) (39,160) (18,428) Less: Allowance for impairment losses
23,455,294 9,363,933 5,809,665
Halaman – 5/77 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 727
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
c. Berdasarkan tahapan c. By staging
2024 2023 2022
Tahap 1 23,456,134 9,322,315 5,678,125 Stage 1
Tahap 2 - - 34,968 Stage 2
Tahap 3 - 49,984 15,000 Stage 3
23,456,134 9,372,299 5,728,093
Syariah - 30,794 100,000 Sharia
23,456,134 9,403,093 5,828,093
Dikurangi: Cadangan kerugian penurunan nilai (840) (39,160) (18,428) Less: Allowance for impairment losses
23,455,294 9,363,933 5,809,665
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
Saldo efek-efek pada tanggal 31 Desember 2024, As at 31 December 2024, 2023, and 2022, the
2023, dan 2022, berdasarkan sisa umur jatuh tempo balance of marketable securities according to
adalah: remaining periods to maturity were as follows:
2024 2023 2022
< 1 bulan 702,568 166,003 106,540 < 1 month
> 1 - ≤ 3 bulan 3,331,834 945,809 1,335,611 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 14,408,451 3,153,400 1,626,304 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 4,923,952 5,078,432 2,714,663 > 1 - ≤ 5 years
> 5 tahun 89,329 59,449 44,975 > 5 years
23,456,134 9,403,093 5,828,093
Dikurangi: Cadangan kerugian penurunan nilai (840) (39,160) (18,428) Less: Allowance for impairment losses
23,455,294 9,363,933 5,809,665
e. Efek-efek yang dijadikan jaminan e. Marketable securities pledged as collateral
Pada tanggal 31 Desember 2024, efek-efek yang As at 31 December 2024, marketable securities
dijadikan jaminan untuk efek-efek yang dijual dengan pledged as collateral for a securities sold under
janji dibeli kembali sebesar Rp 2.350.000 (2023 dan repurchased agreements amounting to
2022: Rp nihil). Rp 2,350,000 (2023 and 2022: Rp nil).
f. Berdasarkan efek Bank Indonesia serta f. By Bank Indonesia’s and other companies’
perusahaan lain marketable securities
2024 2023 2022
Bank Indonesia 16,342,800 281,832 - Bank Indonesia
Perusahaan lain 7,113,334 9,121,261 5,828,093 Other companies
23,456,134 9,403,093 5,828,093
Dikurangi: Cadangan kerugian penurunan nilai (840) (39,160) (18,428) Less: Allowance for impairment losses
23,455,294 9,363,933 5,809,665
g. Tingkat suku bunga per tahun g. Annual interest rates
2024 2023 2022
Rupiah 5.50% - 11.20% 5.30% - 11.20% 3.50% - 10.65% Rupiah
Mata uang asing 1.40% - 6.45% 1.40% - 5.63% 2.30% - 4.70% Foreign currency
Halaman – 5/78 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 728
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
h. Mutasi efek-efek h. Movement of marketable securities
Mutasi efek efek berdasarkan tahapan adalah: The movement of marketable securities based on
staging were as follows:
2024
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 9,322,315 - 34,984 15,000 9,372,299 30,794 9,403,093 Beginning balance
Penambahan efek-efek 19,233,097 - - - 19,233,097 - 19,233,097 Additional of marketable securities
Penghapusbukuan efek-efek - - - (15,000) (15,000) - (15,000) Write-off
Efek-efek yang dipulihkan - - (34,984) - (34,984) - (34,984) Amount fully recovered
Penjualan efek-efek (5,188,452) - - - (5,188,452) (30,794) (5,219,246) Sale of marketable securities
Lain-lain *) 89,174 - - - 89,174 - 89,174 Others *)
Saldo akhir 23,456,134 - - - 23,456,134 - 23,456,134 Ending balance
*) Termasuk di dalam lain-lain adalah selisih kurs penjabaran mata uang asing dan Included in others are foreign exchange rate translation and amortisation of premium/discount *)
amortisasi premium/diskonto
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 5,678,125 34,968 - 15,000 5,728,093 100,000 5,828,093 Beginning balance
Perpindahan antar tahapan Transfer within stages
Pindah ke tahap 3 - (34,984) 34,984 - - - - Transfer to stage 3
Penambahan efek-efek 6,381,949 - - - 6,381,949 30,794 6,412,743 Additional of marketable securities
Penjualan efek-efek (2,765,255) - - - (2,765,255) (100,000) (2,865,255) Sale of marketable securities
Lain-lain *) 27,496 16 - - 27,512 - 27,512 Others *)
Saldo akhir 9,322,315 - 34,984 15,000 9,372,299 30,794 9,403,093 Ending balance
*) Termasuk di dalam lain-lain adalah selisih kurs penjabaran mata uang asing dan Included in others are foreign exchange rate translation and amortisation of premium/discount *)
amortisasi premium/diskonto
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 10,076,984 - - 15,000 10,091,984 100,000 10,191,984 Beginning balance
Perpindahan antar tahapan Transfer within stages
Pindah ke tahap 2 (34,968) 34,968 - - - - - Transfer to stage 2
Penambahan surat berharga 1,180,495 - - - 1,180,495 - 1,180,495 Additional of marketable securities
Penjualan surat berharga (5,590,790) - - - (5,590,790) - (5,590,790) Sale of marketable securities
Lain-lain *) 46,404 - - - 46,404 - 46,404 Others *)
Saldo akhir 5,678,125 34,968 - 15,000 5,728,093 100,000 5,828,093 Ending balance
*) Termasuk di dalam lain-lain adalah selisih kurs penjabaran mata uang asing dan Included in others are foreign exchange rate translation and amortisation of premium/discount *)
amortisasi premium/diskonto
Halaman – 5/79 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 729
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
i. Cadangan kerugian penurunan nilai i. Allowance for impairment losses
Perubahan cadangan kerugian penurunan nilai adalah Movements in the allowance for impairment losses
sebagai berikut: were as follows:
2024
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 2,865 - 21,295 15,000 39,160 - 39,160 Beginning balance
Pemulihan selama tahun berjalan (2,025) - (21,295) - (23,320) - (23,320) Reversal during the year
Penghapusan selama tahun berjalan - - - (15,000) (15,000) - (15,000) Write-off during the year
Saldo akhir 840 - - - 840 - 840 Ending balance
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 2,029 1,171 - 15,000 18,200 228 18,428 Beginning balance
Perpindahan antar tahapan: Transfer within stages:
Pindah ke tahap 3 - (1,171) 1,171 - - - - Transfer to stage 3
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Penambahan/(pemulihan) selama tahun berjalan 836 - 20,124 - 20,960 (228) 20,732 Addition/(reversal) during the year
Saldo akhir 2,865 - 21,295 15,000 39,160 - 39,160 Ending balance
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 828 - - 15,000 15,828 234 16,062 Beginning balance
Perpindahan antar tahapan Transfer within stages
Pindah ke tahap 2 (52) 52 - - - - - Transfer to stage 2
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Penambahan/(pemulihan) selama tahun berjalan 1,253 1,119 - - 2,372 (6) 2,366 Addition/(reversal) during the year
Saldo akhir 2,029 1,171 - 15,000 18,200 228 18,428 Ending balance
Perubahan cadangan kerugian penurunan nilai adalah Changes in allowance for impairment losses are for
untuk efek-efek dengan klasifikasi biaya perolehan marketable securities classified as amortised costs.
diamortisasi.
Pada tanggal 31 Desember 2024 efek-efek yang As at 31 December 2024 the impairment loss of
mengalami penurunan nilai (tahap 3) adalah sebesar marketable securities (stage 3) is amounting to Rp nil
Rp nihil (2023: Rp 49.984; 2022: Rp 15.000). (2023: Rp 49,984; 2022: Rp 15,000).
Cadangan kerugian penurunan nilai pada efek-efek Allowance for impairment losses on marketable
klasifikasi nilai wajar melalui penghasilan securities classified as fair value through other
komprehensif lain dicatat pada penghasilan comprehensive income recorded in other
komprehensif lain sebesar Rp 11.101 pada 2024 comprehensive income is amounting to Rp 11,101 in
(2023: Rp 9.552; 2022: Rp 538). 2024 (2023: Rp 9,552; 2022: Rp 538).
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai di atas telah memadai. impairment losses above is adequate.
j. Berdasarkan transaksi dengan pihak berelasi j. By transactions with related party
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, there were
tidak terdapat efek-efek dari pihak berelasi. no marketable securities from related party.
Halaman – 5/80 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 730
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
k. Informasi pokok lainnya sehubungan dengan k. Other significant information relating to
efek-efek marketable securities
Informasi peringkat atas efek-efek berdasarkan Information on the rating of marketable securities
lembaga pemeringkat - PT Pemeringkat Efek based on rating agencies - PT Pemeringkat Efek
Indonesia (PT Pefindo), Fitch, Moody’s dan S&P Indonesia (PT Pefindo), Fitch, Moody’s and S&P are
diungkapkan pada Catatan 52 (vii). disclosed in Note 52 (vii).
l. Transaksi Lindung Nilai l. Hedge Transaction
Pada tahun 2024, 2023 dan 2022, Bank CIMB Niaga During the year ended 2024, 2023 dan 2022, Bank
telah melakukan lindung nilai atas nilai wajar obligasi CIMB Niaga performed fair value hedged of corporate
korporasi sebesar Rp nihil (2023: Rp 658.750; 2022: bonds amount of Rp nil (2023: Rp 658,750; 2022:
Rp 300.000) dan USD 22,33 juta (2023: USD 45,28 Rp 300,000) and USD 22.33 million
juta; 2022: USD nihil) dengan kontrak swap tingkat (2023: USD 45.28 million; 2022: USD nil) using
suku bunga, dengan nilai nosional sebesar Rp nihil interest rate swap contracts with notional amount of
(2023: Rp 600.000; 2022: Rp 300.000) dan USD 21,53 Rp nil (2023: Rp 600,000; 2022: Rp 300,000) and
juta (2023: USD 43,27 juta; 2022: USD nihil) USD 21.53 million (2023: USD 43.27 million;
(lihat Catatan 11). 2022: USD nil) (refer to Note 11).
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, Bank CIMB
Bank CIMB Niaga telah melakukan evaluasi terhadap Niaga has performed the hedging evaluation of bond
lindung nilai tersebut yang mana masih memenuhi fair value which still meets the criteria of hedge
kriteria akuntansi lindung nilai. accounting.
2024 2023 2022
Keuntungan/(kerugian) instrumen lindung nilai 21,176 (1,631) 11,695 Gains/(losses) on hedging instrument
(Kerugian)/keuntungan hedged item yang (Losses)/gains on hedged item
berhubungan dengan risiko yang dilindung nilai (19,657) 1,305 (8,588) attributable to hedged risk
Keuntungan/(kerugian) bersih dari transaksi lindung nilai 1,519 (326) 3,107 Net gains/(losses) from hedging transaction
m. Informasi lain m. Other information
Selama tahun 31 Desember 2024, Bank CIMB Niaga During the year 31 December 2024, Bank CIMB Niaga
telah menjual efek-efek dengan keuntungan sebesar has sold marketable securities with gains amounting
Rp 78.344 (2023: Rp 47.333; 2022: Rp 49.992) to Rp 78,344 (2023: Rp 47,333; 2022: Rp 49,992)
(lihat Catatan 40). (refer to Note 40).
Pada tanggal 31 Desember 2024, efek-efek yang As at 31 December 2024, marketable securities under
didasarkan pada prinsip perbankan syariah adalah sharia banking principle is amounting to
sebesar Rp nihil (2023: Rp 30.794; 2022: Rp nil (2023: Rp 30,794; 2022: Rp 100,000).
Rp 100.000).
Pada tanggal 31 Desember 2024, efek-efek memiliki As at 31 December 2024, marketable securities will
jatuh tempo pada beberapa tanggal antara tanggal mature on various dates between
3 Januari 2025 sampai dengan tanggal 3 January 2025 up to 25 February 2060
25 Februari 2060 (2023: 2 Januari 2024 sampai (2023: 2 January 2024 up to 30 June 2050;
dengan tanggal 30 Juni 2050; 2022: 2 Januari 2023 2022: 2 January 2023 up to 30 June 2050).
sampai dengan tanggal 30 Juni 2050).
Halaman – 5/81 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 731
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. OBLIGASI PEMERINTAH 9. GOVERNMENT BONDS
a. Berdasarkan jenis a. Based on type
2024 2023 2022
Biaya perolehan diamortisasi Amortised cost
Nilai nominal 14,369,255 17,997,872 20,104,447 Nominal value
Premi yang belum diamortisasi 54,738 94,242 218,405 Unamortised premium
Jumlah biaya perolehan diamortisasi 14,423,993 18,092,114 20,322,852 Total amortised cost
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
Nilai nominal 36,469,586 35,686,110 29,935,730 Nominal value
Kerugian yang belum Unrealised losses on
direalisasi atas penurunan nilai (819,547) (562,018) (760,630) decrease in value
Premi yang belum diamortisasi 679,117 962,038 1,266,203 Unamortised premium
Jumlah nilai wajar melalui penghasilan komprehensif lain 36,329,156 36,086,130 30,441,303 Total fair value through other comprehensive income
Nilai wajar melalui laba rugi Fair value through profit or loss
Nilai nominal 19,602,641 15,796,100 8,170,000 Nominal value
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direaliasi atas (penurunan)/kenaikan nilai (1,163) 622,163 264,871 (decrease)/increase in value
Jumlah nilai wajar melalui laba rugi 19,601,478 16,418,263 8,434,871 Total fair value through profit or loss
Jumlah Obligasi Pemerintah 70,354,627 70,596,507 59,199,026 Total Government Bonds
Pada tanggal 31 Desember 2024, Obligasi As at 31 December 2024, Government Bonds in
Pemerintah dalam mata uang asing adalah sebesar foreign currency amounting to Rp 5,620,122
Rp 5.620.122 (2023: Rp 4.653.621; 2022: (2023: Rp 4,653,621; 2022: Rp 5,600,692).
Rp 5.600.692).
b. Berdasarkan jenis dan jatuh tempo b. Based on type and maturity
2024
≤ 1 bulan/ > 1 - ≤ 3 bulan/ > 3 - ≤ 12 bulan/ > 1 - ≤ 5 tahun/ > 5 tahun/ Jumlah/
month months months years years Total
Biaya perolehan diamortisasi 93,662 229,754 6,570,807 7,458,968 70,802 14,423,993 Amortised cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain 64,257 - 3,436,669 22,403,379 10,424,851 36,329,156 comprehensive income
Fair value through
Nilai wajar melalui laba rugi 20,848 23,996 186,039 9,881,081 9,489,514 19,601,478 profit or loss
178,767 253,750 10,193,515 39,743,428 19,985,167 70,354,627
2023
≤ 1 bulan/ > 1 - ≤ 3 bulan/ > 3 - ≤ 12 bulan/ > 1 - ≤ 5 tahun/ > 5 tahun/ Jumlah/
month months months years years Total
Biaya perolehan diamortisasi 107,889 2,771,453 3,044,588 10,234,159 1,934,025 18,092,114 Amortised cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain - 4,743,252 4,177,372 15,129,686 12,035,820 36,086,130 comprehensive income
Fair value through
Nilai wajar melalui laba rugi - 25,127 181,874 3,891,109 12,320,153 16,418,263 profit or loss
107,889 7,539,832 7,403,834 29,254,954 26,289,998 70,596,507
2022
≤ 1 bulan/ > 1 - ≤ 3 bulan/ > 3 - ≤ 12 bulan/ > 1 - ≤ 5 tahun/ > 5 tahun/ Jumlah/
month months months years years Total
Biaya perolehan diamortisasi - 653,892 1,449,904 15,949,556 2,269,500 20,322,852 Amortised cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain - 1,164,900 1,008,913 22,078,293 6,189,197 30,441,303 comprehensive income
Fair value through
Nilai wajar melalui laba rugi 1,320 7 290,176 1,086,549 7,056,819 8,434,871 profit or loss
1,320 1,818,799 2,748,993 39,114,398 15,515,516 59,199,026
Halaman – 5/82 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 732
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Tingkat suku bunga per tahun c. Annual interest rates
2024 2023 2022
Rupiah 4.88% - 12.00% 4.88% - 12.00% 4.00% - 12.00% Rupiah
Mata uang asing 1.50% - 8.50% 0.33% - 8.50% 0.33% - 6.75% Foreign currency
d. Obligasi Pemerintah yang dijadikan jaminan d. Government Bonds pledged as collateral
Pada tanggal 31 Desember 2024, Obligasi As at 31 December 2024, Government Bonds pledged
Pemerintah yang dijadikan jaminan untuk efek-efek as collateral for a securities sold under repurchased
yang dijual dengan janji dibeli kembali sebesar agreements amounting to Rp 8,500,000 (2023:
Rp 8.500.000 (2023: Rp 16.552.000; 2022: Rp 16,552,000; 2022: Rp 6,350,000) (refer to
Rp 6.350.000) (lihat Catatan 10b). Note 10b).
e. Transaksi Lindung Nilai e. Hedge Transaction
Pada tahun 2024, 2023 dan 2022, Bank CIMB Niaga For the years 2024, 2023 and 2022, Bank CIMB Niaga
melakukan lindung nilai atas nilai wajar pada sebagian performed fair value hedged of Government bonds
Obligasi Pemerintah sebesar Rp nihil (2023: Rp nihil; amount of Rp nil (2023: Rp nil; 2022: Rp 1,000,000)
2022: Rp 1.000.000) dan USD 150,32 juta (2023: USD and USD 150.32 million (2023: USD 34.96 million;
34,96 juta; 2022: USD 165) dengan kontrak swap 2022: USD 165) using interest rate swap contracts
tingkat suku bunga, dengan nilai nosional sebesar with notional amount of Rp nil (2023: Rp nil;
Rp nihil (2023: Rp nihil; 2022: Rp 1.000.000) dan USD 2022: Rp 1,000,000) and USD 146.31 million
146,31 juta (2023: USD 33,49 juta; 2022: USD 50 juta) (2023: USD 33.49 million; 2022: USD 50 million)
(lihat Catatan 11). (refer to Note 11).
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, Bank CIMB
Bank CIMB Niaga telah melakukan evaluasi terhadap Niaga has performed the hedging evaluation of bond
lindung nilai dan hasilnya masih memenuhi kriteria fair value and the result is still meets the criteria of
akuntansi lindung nilai. hedge accounting.
Hasil bersih dari keuntungan instrumen lindung nilai The net effect of the gains from the hedging instrument
dan kerugian hedged item yang dilindungi nilainya and losses from the hedged item (Government Bonds)
(Obligasi Pemerintah) disajikan pada tabel berikut ini: are summarised below:
2024 2023 2022
Keuntungan instrumen lindung nilai 33,732 15,475 65,574 Gains on hedging instrument
Kerugian hedged item yang Losses on hedged item
berhubungan dengan risiko yang dilindung nilai (34,096) (9,049) (48,401) attributable to hedged risk
(Kerugian)/keuntungan bersih dari transaksi lindung nilai (364) 6,426 17,173 Net (losses)/gains from hedging transaction
f. Informasi lain f. Other information
Selama tahun yang berakhir 31 Desember 2024, Bank For the year ended 31 December 2024, Bank CIMB
CIMB Niaga telah menjual Obligasi Pemerintah Niaga has sold Government Bonds with total nominal
dengan jumlah nilai nominal sebesar Rp 564.250.303 value of Rp 564,250,303 and USD 14,296.95 million
dan USD 14.296,95 juta (2023: Rp 495.334.468 dan (2023: Rp 495,334,468 and USD 964.86 million;
USD 964,86 juta; 2022: Rp 339.546.424 dan 2022: Rp 339,546,424 and USD 631.02 million) with
USD 631,02 juta) dengan keuntungan sebesar gains amounting to Rp 408,194 (2023: Rp 478,174;
Rp 408.194 (2023: Rp 478.174; 2022: Rp 690.451) 2022: Rp 690,451) (refer to Note 40).
(lihat Catatan 40).
Manajemen berpendapat bahwa tidak terdapat Management believes that there was no impaired
penurunan nilai atas obligasi pemerintah sehingga government bonds therefore no allowance for
tidak diperlukan cadangan kerugian penurunan nilai. impairment losses was needed.
Halaman – 5/83 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 733
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
f. Informasi lain (lanjutan) f. Other information (continued)
Pada tanggal 31 Desember 2024, Obligasi As at 31 December 2024, Government Bonds will
Pemerintah memiliki jatuh tempo pada beberapa mature on various dates between 15 January 2025
tanggal antara tanggal 15 Januari 2025 sampai up to 12 March 2071 (2023: 15 January 2024 up to
dengan tanggal 12 Maret 2071 (2023: 15 Januari 2024 12 March 2071; 2022: 11 January 2023 up to
sampai dengan tanggal 12 Maret 2071; 2022: 12 March 2071).
11 Januari 2023 sampai dengan tanggal 12 Maret
2071).
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, all
seluruh Obligasi Pemerintah digolongkan sebagai Government Bonds were classified as pass and
lancar dan tahap 1. stage 1.
10. EFEK-EFEK YANG DIBELI DENGAN JANJI DIJUAL 10. SECURITIES PURCHASED UNDER RESALE
KEMBALI DAN YANG DIJUAL DENGAN JANJI DIBELI AGREEMENTS AND SOLD UNDER REPURCHASE
KEMBALI AGREEMENTS
a. Efek-efek yang dibeli dengan janji dijual kembali a. Securities purchased under resale agreements
2024
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak penjual/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Biaya perolehan diamortisasi/
Amortised cost
PT Bank Pembangunan Daerah Kalimantan Timur FR0097 350,000 6.20% 7.13% 31 Desember/December 2024 2 Januari/January 2025 326,049
Nilai wajar melalui laba rugi/
Fair value through profit and loss
PT Bank Rakyat Indonesia (Persero) Tbk FR0081 500,000 6.80% 6.50% 14 Desember/December 2023 16 Juni/June 2025 491,107
PT Bank Rakyat Indonesia (Persero) Tbk FR0081 500,000 6.80% 6.50% 22 Mei/May 2024 16 Juni/June 2025 489,112
PT Bank Artha Graha International FR0081 320,000 6.85% 6.50% 15 November/November 2024 16 Juni/June 2025 306,564
1,320,000 1,286,783
Jumlah/Total 1,670,000 1,612,832
2023
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak penjual/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Biaya perolehan diamortisasi/
Amortised cost
Bank Indonesia FR0080 400,000 6.66% 7.50% 6 Januari/January 2023 5 Januari/January 2024 384,946
Bank Indonesia FR0080 300,000 6.65% 7.50% 6 Januari/January 2023 5 Januari/January 2024 288,710
Bank Indonesia FR0080 300,000 6.64% 7.50% 6 Januari/January 2023 5 Januari/January 2024 288,710
Bank Indonesia VR0046 300,000 6.50% 3.84% 24 Maret/March 2023 22 Maret/March 2024 288,694
Bank Indonesia VR0087 300,000 6.51% 6.22% 12 Mei/May 2023 10 Mei/May 2024 279,683
Bank Indonesia VR0073 300,000 6.70% 3.04% 20 Januari/January 2023 19 Januari/January 2024 278,413
Bank Indonesia VR0072 300,000 6.34% 3.04% 21 Juli/July 2023 19 Januari/January 2024 278,228
Bank Indonesia VR0072 250,000 6.40% 3.04% 9 Juni/June 2023 7 Juni/June 2024 234,264
PT Bank Pembangunan Daerah Kalimantan Timur FR0097 200,000 6.10% 7.13% 28 Desember/December 2023 2 Januari/January 2024 192,554
Bank Indonesia VR0071 200,000 6.42% 3.04% 4 Agustus/August 2023 2 Agustus/August 2024 191,013
Bank Indonesia VR0070 200,000 6.70% 6.26% 27 Januari/January 2023 26 Januari/January 2024 190,809
Bank Indonesia VR0072 200,000 6.42% 3.04% 9 Juni/June 2023 7 Juni/June 2024 187,411
Bank Indonesia VR0072 200,000 6.41% 3.04% 9 Juni/June 2023 7 Juni/June 2024 187,411
Bank Indonesia VR0037 200,000 6.44% 5.56% 16 Juni/June 2023 14 Juni/June 2024 186,139
Bank Indonesia VR0073 200,000 6.41% 3.04% 21 Juli/July 2023 19 Agustus/August 2024 185,486
Bank Indonesia VR0094 200,000 6.43% 6.26% 14 Juli/July 2023 12 Juli/July 2024 185,265
Bank Indonesia VR0069 200,000 6.44% 3.95% 9 Juni/June 2023 7 Juni/June 2024 185,008
Bank Indonesia VR0037 150,000 6.45% 5.56% 16 Juni/June 2023 14 Juni/June 2024 139,604
Bank Indonesia VR0037 150,000 6.44% 5.56% 16 Juni/June 2023 14 Juni/June 2024 139,604
Bank Indonesia VR0037 150,000 6.43% 5.56% 16 Juni/June 2023 14 Juni/June 2024 139,604
Bank Indonesia VR0037 150,000 6.42% 5.56% 16 Juni/June 2023 14 Juni/June 2024 139,604
Bank Indonesia VR0064 100,000 6.43% 3.30% 21 Juli/July 2023 19 Juli/July 2024 95,553
4,950,000 4,666,713
Nilai wajar melalui laba rugi/
Fair value through profit and loss
PT Bank Rakyat Indonesia (Persero) Tbk FR0081 500,000 6.80% 6.50% 14 Desember/December 2023 16 Juni/June 2025 492,674
Jumlah/Total 5,450,000 5,159,387
Halaman – 5/84 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 734
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI DIJUAL 10. SECURITIES PURCHASED UNDER RESALE
KEMBALI DAN YANG DIJUAL DENGAN JANJI DIBELI AGREEMENTS AND SOLD UNDER REPURCHASE
KEMBALI (lanjutan) AGREEMENTS (continued)
a. Efek-efek yang dibeli dengan janji dijual kembali a. Securities purchased under resale agreements
(lanjutan) (continued)
2022
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak penjual/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Biaya perolehan diamortisasi/
Amortised cost
Bank Indonesia VR0065 300,000 6.03% 6.06% 30 Desember/December 2022 27 Januari/January 2023 277,967
Bank Indonesia VR0084 150,000 5.79% 6.06% 6 Desember/December 2022 3 Januari/January 2023 138,937
Bank Indonesia VR0073 100,000 5.79% 3.04% 8 Desember/December 2022 5 Januari/January 2023 93,403
Jumlah/Total 550,000 510,307
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, all
seluruh efek-efek yang dibeli dengan janji dijual securities purchased under resale agreements were
kembali digolongkan sebagai tahap 1. classified as stage 1.
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, there were
tidak terdapat saldo efek-efek yang dibeli dengan janji no balance of securities purchased under resale
dijual kembali dengan pihak berelasi. agreements with related party.
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, securities
efek-efek yang dibeli dengan janji dijual kembali purchased under resale agreements in foreign
dalam mata uang asing adalah sebesar Rp nihil. currency is amounting to Rp nil.
b. Efek-efek yang dijual dengan janji dibeli kembali b. Securities sold under repurchase agreements
2024
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak pembeli/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Bank Indonesia FR0087 1,800,000 6.25% 6.50% 30 Desember/December 2024 6 Januari/January 2025 1,656,248
Bank Indonesia FR0081 1,300,000 6.25% 6.50% 31 Desember/December 2024 7 Januari/January 2025 1,273,541
Bank Indonesia PBS003 1,350,000 6.25% 6.00% 30 Desember/December 2024 6 Januari/January 2025 1,271,121
Bank Indonesia FR0078 1,200,000 6.25% 8.25% 31 Desember/December 2024 7 Januari/January 2025 1,204,960
Bank Indonesia FR0082 1,000,000 6.25% 7.00% 31 Desember/December 2024 7 Januari/January 2025 942,421
Bank Indonesia PBS017 850,000 6.25% 6.13% 30 Desember/December 2024 6 Januari/January 2025 839,679
PT Bank Rakyat Indonesia (Persero) Tbk IDSR250425364S 500,000 6.55% 6.55% 30 Desember/December 2024 30 Januari/January 2025 488,448
PT Bank Rakyat Indonesia (Persero) Tbk IDSR110625364S 500,000 6.45% 6.45% 27 Desember/December 2024 10 Januari/January 2025 483,645
Bank Indonesia IDSR200625364S 500,000 6.25% 6.25% 30 Desember/December 2024 6 Januari/January 2025 482,887
PT Bank Negara Indonesia (Persero) Tbk IDSR200625364S 500,000 6.55% 6.55% 23 Desember/December 2024 20 Januari/January 2025 482,215
Bank Indonesia FR0101 500,000 6.25% 6.88% 31 Desember/December 2024 7 Januari/January 2025 479,217
PT Bank Negara Indonesia (Persero) Tbk FR0104 500,000 6.55% 6.50% 5 Desember/December 2024 2 Januari/January 2025 467,659
PT Bank Pembangunan Daerah Kalimantan Timur FR0090 500,000 6.51% 5.13% 23 Desember/December 2024 7 Januari/January 2025 460,609
PT Bank Negara Indonesia (Persero) Tbk IDSR060625364S 350,000 6.55% 6.55% 23 Desember/December 2024 20 Januari/January 2025 338,554
PT Bank Central Asia Tbk FR0078 100,000 6.45% 8.25% 30 Desember/December 2024 13 Januari/January 2025 100,705
PT Bank Central Asia Tbk FR0087 100,000 6.45% 6.50% 27 Desember/December 2024 10 Januari/January 2025 91,884
PT BPD Bengkulu FR0078 75,000 6.35% 8.25% 30 Desember/December 2024 6 Januari/January 2025 75,529
PT Bank OCBC NISP Tbk FR0078 50,000 6.50% 8.25% 31 Desember/December 2024 14 Januari/January 2025 50,347
PT Bank Mandiri (Persero) Tbk FR0090 50,000 6.50% 5.13% 23 Desember/December 2024 6 Januari/January 2025 46,061
PT Bank Permata Tbk FR0090 25,000 6.45% 5.13% 18 Desember/December 2024 2 Januari/January 2025 23,051
PT Bank SMBC Indonesia Tbk FR0078 10,000 6.45% 8.25% 19 Desember/December 2024 2 Januari/January 2025 10,061
PT Bank SMBC Indonesia Tbk FR0078 10,000 6.45% 8.25% 24 Desember/December 2024 7 Januari/January 2025 10,058
PT Bank SMBC Indonesia Tbk FR0078 5,000 6.45% 8.25% 30 Desember/December 2024 13 Januari/January 2025 5,035
PT Bank SMBC Indonesia Tbk FR0078 5,000 6.45% 8.25% 20 Desember/December 2024 3 Januari/January 2025 5,028
11,780,000 11,288,963
Halaman – 5/85 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 735
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI DIJUAL 10. SECURITIES PURCHASED UNDER RESALE
KEMBALI DAN YANG DIJUAL DENGAN JANJI DIBELI AGREEMENTS AND SOLD UNDER REPURCHASE
KEMBALI (lanjutan) AGREEMENTS (continued)
b. Efek-efek yang dijual dengan janji dibeli Kembali b. Securities sold under repurchase agreements
(lanjutan) (continued)
2023
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak pembeli/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Bank Indonesia FR0070 2,000,000 6.25% 8.38% 29 Desember/December 2023 5 Januari/January 2024 2,014,318
Bank Indonesia FR0078 1,450,000 6.75% 8.25% 29 Desember/December 2023 12 Januari/January 2024 1,466,360
Bank Indonesia PBS003 1,350,000 6.25% 6.00% 28 Desember/December 2023 10 Januari/January 2024 1,273,408
Bank Indonesia PBS026 1,250,000 6.25% 6.63% 27 Desember/December 2023 3 Januari/January 2024 1,241,305
Bank Indonesia FR0082 1,050,000 6.25% 7.00% 29 Desember/December 2023 5 Januari/January 2024 1,013,851
Bank Indonesia FR0078 1,000,000 6.70% 8.25% 27 Desember/December 2023 10 Januari/January 2024 1,009,029
Bank Indonesia FR0070 1,000,000 6.25% 8.38% 28 Desember/December 2023 4 Januari/January 2024 1,007,029
Bank Indonesia PBS017 850,000 6.25% 6.13% 28 Desember/December 2023 4 Januari/January 2024 797,278
Bank Indonesia FR0090 850,000 6.25% 5.13% 28 Desember/December 2023 4 Januari/January 2024 785,198
PT Bank Pembangunan Daerah Kalimantan Timur FR0081 750,000 6.35% 6.50% 29 Desember/December 2023 8 Januari/January 2024 715,248
Bank Indonesia FR0087 750,000 6.75% 6.50% 29 Desember/December 2023 12 Januari/January 2024 708,932
Bank Indonesia FR0070 600,000 6.25% 8.38% 27 Desember/December 2023 3 Januari/January 2024 604,205
Bank Indonesia FR0081 600,000 6.75% 6.50% 29 Desember/December 2023 12 Januari/January 2024 571,312
PT Bank Pembangunan Daerah Kalimantan Timur FR0056 500,000 6.35% 8.38% 29 Desember/December 2023 8 Januari/January 2024 511,682
PT Bank Pembangunan Daerah Kalimantan Timur FR0056 500,000 6.35% 8.38% 29 Desember/December 2023 8 Januari/January 2024 511,682
Bank Indonesia FR0056 500,000 6.25% 8.38% 28 Desember/December 2023 4 Januari/January 2024 510,655
PT Bank Pembangunan Daerah Kalimantan Timur FR0056 500,000 6.43% 8.38% 20 Desember/December 2023 3 Januari/January 2024 508,807
Bank Indonesia FR0070 500,000 6.25% 8.38% 27 Desember/December 2023 3 Januari/January 2024 503,504
Bank Indonesia FR0059 500,000 6.25% 7.00% 29 Desember/December 2023 5 Januari/January 2024 486,946
PT Bank Pembangunan Daerah Kalimantan Timur FR0059 500,000 6.43% 7.00% 20 Desember/December 2023 3 Januari/January 2024 485,174
Bank Indonesia FR0081 500,000 6.25% 6.50% 28 Desember/December 2023 4 Januari/January 2024 475,540
Bank Indonesia FR0081 500,000 6.70% 6.50% 27 Desember/December 2023 10 Januari/January 2024 475,416
PT Bank Pembangunan Daerah Kalimantan Timur FR0087 500,000 6.50% 6.50% 22 Desember/December 2023 5 Januari/January 2024 471,819
Bank Indonesia FR0090 450,000 6.70% 5.13% 27 Desember/December 2023 10 Januari/January 2024 415,909
PT Bank Pembangunan Daerah Kalimantan Timur FR0081 350,000 6.43% 6.50% 20 Desember/December 2023 3 Januari/January 2024 332,888
Bank Indonesia FR0070 250,000 6.25% 8.38% 29 Desember/December 2023 5 Januari/January 2024 251,790
Bank Indonesia FR0056 200,000 6.25% 8.38% 27 Desember/December 2023 3 Januari/January 2024 204,052
PT Bank Pembangunan Daerah Kalimantan Timur FR0078 200,000 6.43% 8.25% 20 Desember/December 2023 3 Januari/January 2024 201,463
PT Bank Negara Indonesia (Persero) Tbk FR0081 200,000 6.45% 6.50% 12 Oktober/October 2023 11 Januari/January 2024 194,333
PT Bank Pembangunan Daerah Kalimantan Timur FR0081 200,000 6.10% 6.50% 29 Desember/December 2023 3 Januari/January 2024 190,733
Bank Indonesia FR0078 150,000 6.25% 8.25% 27 Desember/December 2023 3 Januari/January 2024 151,354
Bank Indonesia FR0087 150,000 6.25% 6.50% 27 Desember/December 2023 3 Januari/January 2024 141,334
PT Bank Negara Indonesia (Persero) Tbk FR0081 100,000 6.45% 6.50% 12 Oktober/October 2023 11 Januari/January 2024 97,166
Bank Indonesia FR0081 100,000 6.25% 6.50% 27 Desember/December 2023 3 Januari/January 2024 95,080
Bank Indonesia FR0078 1,000 6.75% 8.25% 2 November/November 2023 1 Februari/February 2024 1,013
Bank Indonesia FR0078 1,000 6.80% 8.25% 2 November/November 2023 1 Februari/February 2024 1,013
Jumlah/Total 20,852,000 20,426,826
2022
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak pembeli/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Bank Indonesia PBS003 1,350,000 5.75% 6.00% 27 Desember/December 2022 3 Januari/January 2023 1,273,525
Bank Indonesia FR0081 1,300,000 5.75% 6.50% 28 Desember/December 2022 4 Januari/January 2023 1,246,688
Bank Indonesia PBS026 1,200,000 5.75% 6.63% 28 Desember/December 2022 4 Januari/January 2023 1,144,906
Bank Indonesia PBS017 800,000 5.75% 6.13% 30 Desember/December 2022 6 Januari/January 2023 760,302
Bank Indonesia PBS017 800,000 5.75% 6.13% 29 Desember/December 2022 5 Januari/January 2023 750,032
Bank Indonesia FR0070 700,000 5.75% 8.38% 30 Desember/December 2022 6 Januari/January 2023 703,915
Bank Indonesia PBS003 200,000 5.75% 6.00% 29 Desember/December 2022 5 Januari/January 2023 183,359
Jumlah/Total 6,350,000 6,062,727
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, there were
tidak terdapat saldo efek yang dijual dengan janji dibeli no balance of security sold under repurchase
kembali dengan pihak berelasi. agreement with related party.
Halaman – 5/86 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 736
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF 11. DERIVATIVE RECEIVABLES AND PAYABLES
a. Berdasarkan jenis a. By type
2024
Nilai wajar/Fair values
Jumlah nosional/ Tagihan derivatif/ Liabilitas derivatif/
Instrumen Notional amount Derivative receivables Derivative payables Instruments
Tidak terkait Lindung Nilai Non-hedging related
Kontrak tunai mata uang asing 4,362,083 3,969 2,718 Foreign currency spots
Kontrak berjangka mata uang asing 30,288,148 106,342 100,636 Foreign currency forwards
Swap mata uang asing 47,469,668 124,290 323,677 Foreign currency swaps
Swap tingkat suku bunga 67,191,756 791,803 387,882 Interest rate swaps
Kontrak opsi mata uang asing 4,380,707 75,474 78,277 Foreign currency options
Kontrak berjangka tingkat suku bunga 5,298,474 21,755 3,552 Interest rate future
Kontrak berjangka obligasi 1,354,700 32,919 - Bond forward
Instrumen lindung nilai terkait Hedging instrument in fair value
lindung nilai atas nilai wajar hedges related
Swap tingkat suku bunga 5,157,569 28,338 9,888 Interest rate swaps
1,184,890 906,630
2023
Nilai wajar/Fair values
Jumlah nosional/ Tagihan derivatif/ Liabilitas derivatif/
Instrumen Notional amount Derivative receivables Derivative payables Instruments
Tidak terkait Lindung Nilai Non-hedging related
Kontrak tunai mata uang asing 2,692,462 1,239 1,844 Foreign currency spots
Kontrak berjangka mata uang asing 19,245,657 95,773 46,385 Foreign currency forwards
Swap mata uang asing 41,655,678 331,446 116,854 Foreign currency swaps
Swap tingkat suku bunga 56,226,588 360,089 283,022 Interest rate swaps
Kontrak opsi mata uang asing 10,208,490 42,259 51,397 Foreign currency options
Kontrak berjangka tingkat suku bunga 16,505,584 - 24,174 Interest rate future
Instrumen lindung nilai terkait Hedging instrument in fair value
lindung nilai atas nilai wajar hedges related
Swap tingkat suku bunga 3,851,416 18,208 16,375 Interest rate swaps
849,014 540,051
2022
Nilai wajar/Fair values
Jumlah nosional/ Tagihan derivatif/ Liabilitas derivatif/
Instrumen Notional amount Derivative receivables Derivative payables Instruments
Tidak terkait Lindung Nilai Non-hedging related
Kontrak tunai mata uang asing 5,372,294 2,730 2,510 Foreign currency spots
Kontrak berjangka mata uang asing 14,085,866 56,389 35,792 Foreign currency forwards
Swap mata uang asing 31,029,163 416,323 47,057 Foreign currency swaps
Swap tingkat suku bunga 57,350,029 423,793 528,535 Interest rate swaps
Kontrak opsi mata uang asing 14,189,439 61,103 68,078 Foreign currency options
Kontrak berjangka tingkat suku bunga 217,945 2,918 715 Interest rate future
Instrumen lindung nilai terkait Hedging instrument in fair value
lindung nilai atas nilai wajar hedges related
Swap tingkat suku bunga 3,323,775 6,052 18,492 Interest rate swaps
969,308 701,179
Halaman – 5/87 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 737
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
b. Berdasarkan jatuh tempo b. By maturity date
Informasi mengenai jatuh tempo diungkapkan pada Information in respect to maturities is disclosed in
Catatan 55. Note 55.
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) contracts
i) Obligasi Pemerintah i) Government Bonds
2024, 2023, dan/and 2022
Tanggal Suku bunga
Obligasi yang Suku bunga
Pemerintah/ dibayarkan/ yang diterima/
Tanggal/ Pihak ketiga/ Tujuan/ Government Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Purpose Bond date Notional rate interest rate Maturity date
11 Mei/ PT Bank Lindung nilai atas risiko 4 Maret/ IDR Suku bunga Suku bunga 13 Mei/
May 2022 Mandiri suku bunga pada March 2021 1,000,000 tetap sebesar mengambang May 2025
(Persero) sebagian 6,5% per sebesar suku
Tbk tahun/Fixed bunga JIBOR
eksposur Obligasi 1 (satu) bulan/
Pemerintah/To hedge interest rate Floating interest
Interest rate risk on of 6.5% per rate of 1 (one)
certain portion of annum month JIBOR
Government Bonds
27 Juni/ Standard Lindung nilai atas risiko 27 Juni/ USD Suku bunga tetap Suku bunga 2 Juli/
June 2024 Chartered suku bunga pada June 2024 4,750,000 sebesar 4,13% mengambang July 2029
Bank sebagian eksposur per tahun/Fixed sebesar suku
interest rate of bunga USD
Obligasi Pemerintah/To SOFR
hedge interest rate risk on 4.13% per annum 1Y/Floating
certain portion of interest rate of
Government Bonds USD SOFR 1Y
3 Juli/ Morgan Lindung nilai atas risiko 3 Juli/ USD Suku bunga tetap Suku bunga 2 Juli/
July 2024 Stanley & suku bunga pada July 2024 6,500,000 sebesar 4,17% mengambang July 2029
Company sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/To interest rate of bunga USD
SOFR
Ltd hedge interest rate risk on 4.17% per annum 1Y/Floating
certain portion of interest rate of
Government Bonds USD SOFR 1Y
10 Juli/ Morgan Lindung nilai atas risiko 10 Juli/ USD Suku bunga tetap Suku bunga 2 Juli/
July 2024 Stanley & suku bunga pada July 2024 5,500,000 sebesar 4,02% mengambang July 2029
Company sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/To interest rate of bunga USD
SOFR
Ltd hedge interest rate risk on 4.02% per annum 1Y/Floating
certain portion of interest rate of
Government Bonds USD SOFR 1Y
Halaman – 5/88 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 738
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2024, 2023, dan/and 2022
Tanggal Obligasi Suku bunga yang
Pihak Pemerintah/ Suku bunga yang diterima/
Tanggal/ ketiga/ Government Nosional/ dibayarkan/ Received of Jatuh tempo/
Date Third party Tujuan/Purpose Bond date Notional Paid of interest rate interest rate Maturity date
6 Juni/ Morgan Lindung nilai atas 6 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June Stanley & risiko suku bunga June 2023 1,960,000 sebesar 3,64% mengambang January 2028
2023 Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD SOFR
Obligasi Pemerintah/ 1Y/
Ltd To hedge interest 3.64% per annum Floating interest
rate risk on certain rate of USD SOFR
portion of Government 1Y
Bonds
6 Juni/ Morgan Lindung nilai atas 6 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June Stanley & risiko suku bunga June 2023 1,910,000 sebesar 3,64% mengambang January 2028
2023 Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD SOFR
Obligasi Pemerintah/ 1Y/
Ltd To hedge interest 3.64% per annum Floating interest
rate risk on certain rate of USD SOFR
portion of Government 1Y
Bonds
7 Juni/ Morgan Lindung nilai atas 7 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June Stanley & risiko suku bunga June 2023 2,390,000 sebesar 3,66% mengambang January 2028
2023 Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD SOFR
Obligasi Pemerintah/ 1Y/
Ltd To hedge interest 3.66% per annum Floating interest
rate risk on certain rate of USD SOFR
portion of Government 1Y
Bonds
12 Juni/ Morgan Lindung nilai atas 12 Juni/ USD Suku bunga Suku bunga 11 Januari/
June Stanley & risiko suku bunga June 2023 4,770,000 tetap sebesar mengambang January 2028
2023 Company pada sebagian 3,81% per sebesar suku
International eksposur tahun/Fixed bunga USD SOFR
Obligasi Pemerintah/ 1Y/
Ltd To hedge interest interest rate of Floating interest
rate risk on certain 3.81% per annum rate of USD SOFR
portion of Government 1Y
Bonds
12 Juni/ Morgan Lindung nilai atas 12 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June Stanley & risiko suku bunga June 2023 4,770,000 sebesar 3,81% mengambang January 2028
2023 Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD SOFR
Obligasi Pemerintah/ 1Y/
Ltd To hedge interest 3.81% per annum Floating interest
rate risk on certain rate of USD SOFR
portion of Government 1Y
Bonds
Halaman – 5/89 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 739
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2024, 2023, dan/and 2022
Tanggal Obligasi Suku bunga
Pihak Pemerintah/ Suku bunga yang yang diterima/
Tanggal/ ketiga/ Government Nosional/ dibayarkan/ Received of Jatuh tempo/
Date Third party Tujuan/Purpose Bond date Notional Paid of interest rate interest rate Maturity date
21 Juni/ Morgan Lindung nilai atas 21 Juni/ USD Suku bunga tetap Suku bunga 15 Mei/
June 2023 Stanley & risiko suku bunga June 2023 4,790,000 sebesar 3,98% mengambang May 2027
Company pada sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/ interest rate of bunga USD
To hedge interest SOFR 1Y/
Ltd rate risk on certain 3.98% per annum Floating interest
portion of Government rate of USD
Bonds SOFR 1Y
25 Morgan Lindung nilai atas 25 Agustus/ USD Suku bunga tetap Suku bunga 24 April/
Agustus/ Stanley & risiko suku bunga August 2023 3,610,000 sebesar 4,28% mengambang April 2028
August Company pada sebagian eksposur per tahun/Fixed sebesar suku
2023 International Obligasi Pemerintah/ interest rate of bunga USD
To hedge interest SOFR 1Y/
Ltd rate risk on certain 4.28% per annum Floating interest
portion of Government rate of USD
Bonds SOFR 1Y
12 Morgan Lindung nilai atas 12 September/ USD Suku bunga tetap Suku bunga 11 Januari/
September/ Stanley & risiko suku bunga September 1,130,000 sebesar 4,32% mengambang January
September Company pada sebagian eksposur 2023 per tahun/Fixed sebesar suku 2028
2023 International Obligasi Pemerintah/ interest rate of bunga USD
To hedge interest SOFR 1Y/
Ltd rate risk on certain 4.32% per annum Floating interest
portion of Government rate of USD
Bonds SOFR 1Y
5 Oktober/ Morgan Lindung nilai atas 5 Oktober/ USD Suku bunga tetap Suku bunga 24 April/
October Stanley & risiko suku bunga October 2023 3,260,000 sebesar 4,55% mengambang April 2028
2023 Company pada sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/ interest rate of bunga USD
To hedge interest SOFR
Ltd rate risk on certain 4.55% per annum 1Y/Floating
portion of Government interest rate of
Bonds USD SOFR 1Y
11 Januari/ Morgan Lindung nilai atas 11 Januari/ USD Suku bunga Suku bunga 24 April/
January Stanley & risiko suku bunga January 2024 3,600,000 tetap sebesar 3,75% mengambang April 2028
2024 Company pada sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/ interest rate of bunga USD
To hedge interest SOFR 1Y/
Ltd rate risk on certain 3.75% per annum Floating interest
portion of Government rate of USD
Bonds SOFR 1Y
Halaman – 5/90 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 740
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga yang Suku bunga yang
Pihak Pemerintah/ dibayarkan/ diterima/
Tanggal/ ketiga/ Tujuan/ Government Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Purpose Bond date Notional rate interest rate Maturity date
17 Januari/ Morgan Lindung nilai atas 17 Januari/ USD Suku bunga tetap Suku bunga 24 April/
January Stanley & risiko suku bunga January 2024 2,000,000 sebesar 3,74% mengambang April 2028
2024 Company pada sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
Ltd rate risk on certain 3.74% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
20 Maret/ Morgan Lindung nilai atas 20 Maret/ USD Suku bunga tetap Suku bunga 10 Maret/
March 2024 Stanley & risiko suku bunga March 2024 7,300,000 sebesar 4,09% mengambang March
Company pada sebagian eksposur per tahun/Fixed sebesar suku 2029
International Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
Ltd rate risk on certain 4.09% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
21 Maret/ Morgan Lindung nilai atas 21 Maret/ USD Suku bunga tetap Suku bunga 21 Maret/
March 2024 Stanley & risiko suku bunga March 2024 10,000,000 sebesar 4,06% mengambang March 2029
Company pada sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/Floating interest
Ltd rate risk on certain 4.06% per annum rate of USD SOFR
portion of Government 1Y
Bonds
21 Maret/ Morgan Lindung nilai atas 21 Maret/ USD Suku bunga tetap Suku bunga 10 Maret/
March 2024 Stanley & risiko suku bunga March 2024 3,850,000 sebesar 4,01% mengambang March 2029
Company pada sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
Ltd rate risk on certain 4.01% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
22 Maret/ Morgan Lindung nilai atas 22 Maret/ USD Suku bunga tetap Suku bunga 10 Maret/
March 2024 Stanley & risiko suku bunga March 2024 1,500,000 sebesar 4,05% mengambang March 2029
Company pada sebagian eksposur per tahun/Fixed sebesar suku
International Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
Ltd rate risk on certain 4.05% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
Halaman – 5/91 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 741
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga yang Suku bunga yang
Pihak Pemerintah/ dibayarkan/ diterima/
Tanggal/ ketiga/ Tujuan/ Government Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Purpose Bond date Notional rate interest rate Maturity date
26 April/ Standard Lindung nilai atas 26 April/ USD Suku bunga Suku bunga 10 Maret/
April 2024 Chartered risiko suku bunga April 2024 3,000,000 tetap sebesar mengambang March 2029
Bank pada sebagian eksposur 4,53% per sebesar suku
Obligasi Pemerintah/ tahun/Fixed bunga USD SOFR
To hedge interest 1Y/Floating interest
rate risk on certain interest rate of rate of USD SOFR
portion of Government 4.53% per annum 1Y
Bonds
7 Mei/ PT Bank Lindung nilai atas 7 Mei/ USD Suku bunga Suku bunga 10 Maret/
May 2024 Mandiri risiko suku bunga May 2024 9,370,000 tetap sebesar mengambang March 2029
(Persero) pada sebagian eksposur 4,29% per sebesar suku
Tbk Obligasi Pemerintah/ tahun/Fixed bunga USD SOFR
To hedge interest 1Y/Floating interest
rate risk on certain interest rate of rate of USD SOFR
portion of Government 4.29% per 1Y
Bonds annum
16 Mei/ Morgan Lindung nilai atas 16 Mei/ USD Suku bunga Suku bunga 15 November/
May 2024 Stanley & risiko suku bunga May 2024 5,000,000 tetap sebesar mengambang November
Company pada sebagian eksposur 4,20% per sebesar suku 2028
International Obligasi Pemerintah/ tahun/Fixed bunga USD SOFR
To hedge interest 1Y/Floating interest
Ltd rate risk on certain interest rate of rate of USD SOFR
portion of Government 4.20% per 1Y
Bonds annum
16 Mei/ Morgan Lindung nilai atas 16 Mei/ USD Suku bunga tetap Suku bunga 15 November/
May 2024 Stanley & risiko suku bunga May 2024 10,000,000 sebesar 4,18% mengambang November
Company pada sebagian eksposur per tahun/Fixed sebesar suku 2028
International Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
Ltd rate risk on certain 4.18% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
16 Mei/ PT Bank Lindung nilai atas 16 Mei/ USD Suku bunga tetap Suku bunga 15 November/
May 2024 Mandiri risiko suku bunga May 2024 14,235,000 sebesar 4,18% mengambang November
(Persero) pada sebagian eksposur per tahun/Fixed sebesar suku 2028
Tbk Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
rate risk on certain 4.18% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
Halaman – 5/92 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 742
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga yang Suku bunga yang
Pihak Pemerintah/ dibayarkan/ diterima/
Tanggal/ ketiga/ Tujuan/ Government Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Purpose Bond date Notional rate interest rate Maturity date
17 Mei/ PT Bank Lindung nilai atas 17 Mei/ USD Suku bunga tetap Suku bunga 15 November/
May 2024 Mandiri risiko suku bunga May 2024 11,000,000 sebesar 4,23% mengambang November
(Persero) pada sebagian eksposur per tahun/Fixed sebesar suku 2028
Tbk Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
rate risk on certain 4.23% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
4 Juni/ JP Morgan Lindung nilai atas 4 Juni/ USD Suku bunga tetap Suku bunga 15 Oktober/
June 2024 Chase Bank risiko suku bunga June 2024 5,000,000 sebesar 4,26% mengambang October
Jakarta pada sebagian eksposur per tahun/Fixed sebesar suku 2030
Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
rate risk on certain 4.26% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
5 Juni/ JP Morgan Lindung nilai atas 5 Juni/ USD Suku bunga tetap Suku bunga 4 Juni/June
June 2024 Chase Bank risiko suku bunga June 2024 5,000,000 sebesar 4,13% mengambang 2031
Jakarta pada sebagian eksposur per tahun/Fixed sebesar suku
Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
rate risk on certain 4.13% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
7 Juni/ Morgan Lindung nilai atas 7 Juni/ USD Suku bunga tetap Suku bunga 15 November/
June 2024 Stanley & risiko suku bunga June 2024 8,450,000 sebesar 4,16% mengambang November
Company pada sebagian eksposur per tahun/Fixed sebesar suku 2028
International Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
Ltd rate risk on certain 4.16% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
21 Juni/ Standard Lindung nilai atas 21 Juni/ USD Suku bunga tetap Suku bunga 15 November/
June 2024 Chartered risiko suku bunga June 2024 6,850,000 sebesar 4,08% mengambang November
Bank pada sebagian eksposur per tahun/Fixed sebesar suku 2028
Obligasi Pemerintah/ interest rate of bunga USD SOFR
To hedge interest 1Y/
rate risk on certain 4.08% per annum Floating interest
portion of Government rate of USD SOFR
Bonds 1Y
Halaman – 5/93 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 743
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga yang Suku bunga yang
Pihak Pemerintah/ dibayarkan/ diterima/
Tanggal/ ketiga/ Tujuan/ Government Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Purpose Bond date Notional rate interest rate Maturity date
11 Juli/ Morgan Lindung nilai atas 11 Juli/ USD Suku bunga tetap Suku bunga 2 Juli/
July 2024 Stanley & risiko suku bunga July 2024 4,500,000 sebesar 3,99% mengambang July 2029
Company pada sebagian eksposur per tahun/Fixed sebesar suku bunga
International Obligasi Pemerintah/ interest rate of USD SOFR
To hedge interest 1Y/Floating interest
Ltd rate risk on certain 3.99% per annum rate of USD SOFR
portion of Government 1Y
Bonds
29 Juli/ Standard Lindung nilai atas 29 Juli/ USD Suku bunga tetap Suku bunga 15 November/
July 2024 Chartered risiko suku bunga July 2024 14,000,000 sebesar 3,85% mengambang November
Bank pada sebagian eksposur per tahun/Fixed sebesar suku bunga 2028
Obligasi Pemerintah/ interest rate of USD SOFR
To hedge interest 1Y/Floating interest
rate risk on certain 3.85% per annum rate of USD SOFR
portion of Government 1Y
Bonds
14 Agustus/ Morgan Lindung nilai atas 14 Agustus/ USD Suku bunga tetap Suku bunga 15 November/
August 2024 Stanley & risiko suku bunga August 2024 4,900,000 sebesar 3,45% mengambang November
Company pada sebagian eksposur per tahun/Fixed sebesar suku bunga 2028
International Obligasi Pemerintah/ interest rate of USD SOFR
To hedge interest 1Y/Floating interest
Ltd rate risk on certain 3.45% per annum rate of USD SOFR
portion of Government 1Y
Bonds
ii) Obligasi korporasi ii) Corporate bonds
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga Suku bunga yang
Korporasi/ yang dibayarkan/ diterima/
Tanggal/ Pihak ketiga/ Corporate Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Tujuan/Purpose Bond date Notional rate interest rate Maturity date
12 Juli/ PT Bank Lindung nilai atas 12 Juli/ USD Suku bunga tetap Suku bunga 5 April/
July 2024 Negara risiko suku bunga July 2024 4,500,000 sebesar 3,92% mengambang April 2029
Indonesia pada sebagian eksposur per tahun/Fixed sebesar suku bunga
(Persero) Tbk Obligasi Korporasi/ interest rate of USD SOFR
1Y/Floating interest
To hedge interest 3.92% per annum rate of USD SOFR
rate risk on certain 1Y
portion of Corporate
Bonds
Halaman – 5/94 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 744
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
ii) Obligasi korporasi (lanjutan) ii) Corporate bonds (continued)
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga Suku bunga Jatuh
Korporasi/ yang dibayarkan/ yang diterima/ tempo/
Tanggal/ Pihak ketiga/ Corporate Nosional/ Paid of interest Received of Maturity
Date Third party Tujuan/Purpose Bond date Notional rate interest rate date
28 Maret/ PT Bank BNP Lindung nilai atas 28 Maret/ USD Suku bunga tetap Suku bunga 2 April/
March 2024 Paribas risiko suku bunga March 2024 11,950,000 sebesar 4,04% mengambang April 2029
Indonesia pada sebagian eksposur per tahun/Fixed sebesar suku
Obligasi Korporasi/ interest rate of bunga USD
SOFR 1Y/
To hedge interest 4.04% per annum Floating interest
rate risk on certain portion rate of USD
of Corporate SOFR 1Y
Bonds
7 April/ PT Bank Lindung nilai atas 21 Februari/ IDR Suku bunga tetap Suku bunga 30 Maret/
April 2022 Mandiri risiko suku bunga February 300,000 sebesar 5,4% per mengambang March
(Persero) Tbk pada sebagian eksposur 2022, tahun/Fixed sebesar suku 2025
Obligasi Korporasi/ 15 Maret/ interest rate of bunga JIBOR
To hedge interest March 2022, 5.4% per annum 1 (satu) bulan/
rate risk on certain portion 16 Maret/ Floating interest
of Corporate March 2022, rate of 1 (one)
Bonds 22 Maret/ month JIBOR
March 2022,
29 Maret/
March 2022
5 Mei/ Morgan Stanley Lindung nilai atas risiko 5 Mei/ USD Suku bunga tetap Suku bunga 17 Mei/
May 2023 & Company suku bunga pada sebagian May 2023 7,600,000 sebesar 3,26% mengambang May 2027
International Ltd eksposur Obligasi per tahun/Fixed sebesar suku
Korporasi/To hedge interest interest rate of bunga USD
rate risk on certain portion 3.26% per annum SOFR 1Y/
of Corporate Bonds Floating interest
rate of USD
SOFR 1Y
11 Mei/ Morgan Stanley Lindung nilai atas risiko 11 Mei/ USD Suku bunga tetap Suku bunga 17 Mei/
May 2023 & Company suku bunga pada sebagian May 2023 5,700,000 sebesar 3,32% mengambang May 2027
International Ltd eksposur Obligasi per tahun/Fixed sebesar suku
Korporasi/To hedge interest interest rate of bunga USD
SOFR 1Y/
rate risk on certain portion 3.32% per annum Floating interest
of Corporate Bonds rate of USD
SOFR 1Y
Halaman – 5/95 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 745
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
ii) Obligasi korporasi (lanjutan) ii) Corporate bonds (continued)
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga Suku bunga Jatuh
Pihak Korporasi/ yang dibayarkan/ yang diterima/ tempo/
Tanggal/ ketiga/ Corporate Nosional/ Paid of interest Received of Maturity
Date Third party Tujuan/Purpose Bond date Notional rate interest rate date
26 Juni/ Morgan Lindung nilai atas risiko 26 Juni/ USD Suku bunga tetap Suku bunga 21 Mei/
June 2023 Stanley & suku bunga pada sebagian June 2023 4,870,000 sebesar 3,82% mengambang May 2028
Company eksposur Obligasi per tahun/Fixed sebesar suku
Internationa Korporasi/To hedge interest interest rate of bunga USD
SOFR 1Y/
l Ltd rate risk on certain portion 3.82% per annum Floating interest
of Corporate Bonds rate of USD
SOFR 1Y
23 Agustus/ Morgan Lindung nilai atas risiko 23 Agustus/ USD Suku bunga tetap Suku bunga 15 Mei/
August 2023 Stanley & suku bunga pada sebagian August 2023 5,370,000 sebesar 4,42% mengambang May 2027
Company eksposur Obligasi per tahun/Fixed sebesar suku
Internationa Korporasi/To hedge interest interest rate of bunga USD
SOFR 1Y/
l Ltd rate risk on certain portion 4.42% per annum Floating interest
of Corporate Bonds rate of USD
SOFR 1Y
23 Agustus/ Morgan Lindung nilai atas risiko 23 Agustus/ USD Suku bunga tetap Suku bunga 15 Mei/
August 2023 Stanley & suku bunga pada sebagian August 2023 2,830,000 sebesar 4,42% mengambang May 2027
Company eksposur Obligasi per tahun/Fixed sebesar suku
Internationa Korporasi/To hedge interest interest rate of bunga USD
SOFR 1Y/
l Ltd rate risk on certain portion 4.42% per annum Floating interest
of Corporate Bonds rate of USD
SOFR 1Y
15 September/ Morgan Lindung nilai atas risiko 15 September/ USD Suku bunga tetap Suku bunga 19 April/
September Stanley & suku bunga pada sebagian September 3,850,000 sebesar 4,72% mengambang April 2026
2023 Company eksposur Obligasi 2023 per tahun/Fixed sebesar suku
Internationa Korporasi/To hedge interest interest rate of bunga USD
SOFR 1Y/
l Ltd rate risk on certain portion 4.72% per annum Floating interest
of Corporate Bonds rate of USD
SOFR 1Y
20 September/ Morgan Lindung nilai atas risiko 20 September/ USD Suku bunga tetap Suku bunga 4 April/
September Stanley & suku bunga pada sebagian September 2,940,000 sebesar 4,80% mengambang April 2026
2023 Company eksposur Obligasi 2023 per tahun/Fixed sebesar suku
Internationa Korporasi/To hedge interest interest rate of bunga USD
SOFR 1Y/
l Ltd rate risk on certain portion 4.80% per annum Floating interest
of Corporate Bonds rate of USD
SOFR 1Y
Halaman – 5/96 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 746
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
ii) Obligasi korporasi (lanjutan) ii) Corporate bonds (continued)
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga Suku bunga Jatuh
Pihak Korporasi/ yang dibayarkan/ yang diterima/ tempo/
Tanggal/ ketiga/ Corporate Nosional/ Paid of interest Received of Maturity
Date Third party Tujuan/Purpose Bond date Notional rate interest rate date
26 September/ Morgan Lindung nilai atas risiko 26 September/ USD Suku bunga tetap Suku bunga 9 Februari/
September Stanley & suku bunga pada sebagian September 4,260,000 sebesar 4,89% mengambang February
2023 Company eksposur Obligasi 2023 per tahun/Fixed sebesar suku 2026
Internationa Korporasi/To hedge interest interest rate of bunga USD
SOFR 1Y/
l Ltd rate risk on certain portion 4.89% per annum Floating interest
of Corporate Bonds rate of USD
SOFR 1Y
5 Oktober/ Morgan Lindung nilai atas risiko 5 Oktober/ USD Suku bunga tetap Suku bunga 9 Februari/
October 2023 Stanley & suku bunga pada sebagian October 2023 2,960,000 sebesar 4,88% mengambang February
Company eksposur Obligasi per tahun/Fixed sebesar suku 2026
Internationa Korporasi/To hedge interest interest rate of bunga USD
rate risk on certain portion SOFR
l Ltd of Corporate Bonds 4.88% per annum 1Y/Floating
interest rate of
USD SOFR 1Y
13 Oktober/ Morgan Lindung nilai atas risiko 13 Oktober/ USD Suku bunga tetap Suku bunga 27 April/
October 2023 Stanley & suku bunga pada sebagian October 2023 2,870,000 sebesar 4,49% mengambang April 2028
Company eksposur Obligasi per tahun/Fixed sebesar suku
Internationa Korporasi/To hedge interest interest rate of bunga USD
rate risk on certain portion SOFR
l Ltd of Corporate Bonds 4.49% per annum 1Y/Floating
interest rate of
USD SOFR 1Y
20 Oktober/ PT Bank Lindung nilai atas risiko 29 Maret/ IDR Suku bunga tetap Suku bunga 23 Oktober/
October 2023 Mandiri suku bunga pada sebagian March 2023 200,000 sebesar 5,88% mengambang October
(Persero) eksposur Obligasi per tahun/Fixed sebesar suku 2024
Tbk Korporasi/To hedge interest interest rate of bunga IDR
rate risk on certain portion INDONIA
of Corporate Bonds 5.88% per annum 1Y/Floating
interest rate of
IDR INDONIA 1Y
25 Januari/ Morgan Lindung nilai atas risiko 25 Januari/ USD Suku bunga tetap Suku bunga 21 Mei/
January 2024 Stanley & suku bunga pada sebagian January 2024 2,200,000 sebesar 3,90% mengambang May 2028
Company eksposur Obligasi per tahun/Fixed sebesar suku
International Korporasi/To hedge interest interest rate of bunga USD
Ltd rate risk on certain portion 3.90% per annum SOFR
of Corporate Bonds 1Y/Floating
interest rate of
USD SOFR 1Y
Halaman – 5/97 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 747
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
ii) Obligasi korporasi (lanjutan) ii) Corporate bonds (continued)
2024, 2023, dan/and 2022
Tanggal
Obligasi Suku bunga Suku bunga Jatuh
Pihak Korporasi/ yang dibayarkan/ yang diterima/ tempo/
Tanggal/ ketiga/ Corporate Nosional/ Paid of interest Received of Maturity
Date Third party Tujuan/Purpose Bond date Notional rate interest rate date
23 Oktober/ PT Bank Lindung nilai atas risiko 29 Maret/ IDR Suku bunga tetap Suku bunga 24 Oktober/
October 2023 Mandiri suku bunga pada sebagian March 2023, 200,000 sebesar 6% per mengambang October
(Persero) eksposur Obligasi 28 Agustus/ tahun/Fixed sebesar suku 2024
Tbk Korporasi/To hedge interest August 2023, interest rate of 6% bunga IDR
INDONIA
rate risk on certain portion 20 September/ per annum 1Y/Floating
of Corporate Bonds September interest rate of
2023, 20 IDR INDONIA 1Y
September/
September
2023,
4 Oktober/
October 2023,
4 Oktober/
October 2023,
16 Oktober/
October 2023,
16 Oktober/
October 2023,
31 Oktober/ MUFG Lindung nilai atas risiko 1 Maret/ IDR Suku bunga tetap Suku bunga 4
October 2023 Bank Ltd suku bunga pada sebagian March 2022, 200,000 sebesar 6% per mengambang November/
eksposur Obligasi 28 Maret/ tahun/Fixed sebesar suku November
Korporasi/To hedge interest March 2023, interest rate of 6% bunga IDR 2024
rate risk on certain portion INDONIA
of Corporate Bonds 20 Juli/July per annum 1Y/Floating
2023, interest rate of
4 September/ IDR INDONIA 1Y
September
2023,
5 September/
September
2023
11 Januari/ Morgan Lindung nilai atas risiko 11 Januari/ USD Suku bunga tetap Suku bunga 15 Mei/
January 2024 Stanley & suku bunga pada sebagian January 2024 2,880,000 sebesar 3,85% mengambang May 2027
Company eksposur Obligasi per tahun/Fixed sebesar suku
Internationa Korporasi/To hedge interest interest rate of bunga USD
rate risk on certain portion SOFR
l Ltd of Corporate Bonds 3.85% per annum 1Y/Floating
interest rate of
USD SOFR 1Y
Halaman – 5/98 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 748
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
c. Lindung nilai wajar dengan kontrak swap tingkat c. Fair value hedge using interest rate swap (“IRS”)
suku bunga (”IRS”) (lanjutan) contracts (continued)
iii) Obligasi subordinasi iii) Subordinated bonds
Pada tanggal 31 Desember 2024, 2023 dan 2022, As at 31 December 2024, 2023, and 2022, there
tidak terdapat lindung nilai wajar dengan kontrak was no fair value hedge using interest rate swap
swap tingkat suku bunga (”IRS”) untuk obligasi (“IRS”) contracts for subordinated bonds.
subordinasi.
iv) Obligasi yang diterbitkan iv) Bonds issued
Pada tanggal 31 Desember 2024, 2023 dan 2022, As at 31 December 2024, 2023, and 2022, there
tidak terdapat lindung nilai wajar dengan kontrak was no fair value hedge using interest rate swap
swap tingkat suku bunga (“IRS”) untuk obligasi (“IRS”) contracts for bonds issued.
yang diterbitkan.
Perubahan nilai wajar dari kontrak IRS sebagai The changes in fair values of IRS contracts as the
instrumen lindung nilai obligasi Pemerintah dan obligasi hedging instruments the Government bonds and the
korporasi, sebagai item yang dilindung nilai, akibat dari corporate bonds, as the hedge items, as a result of
penerapan lindung nilai dibebankan sebagai laba rugi. hedge accounting implementation, are charged/credited
Perubahan nilai wajar instrumen lindung nilai dan item as profit or loss. The changes in fair values of hedge
yang dilindung nilai akan saling off-set dan selisihnya instruments and hedged items are off-set and the
merupakan bagian yang tidak efektif dan dicatat amounts representing the ineffective portion are
sebagai keuntungan/ kerugian dari perubahan nilai recorded as gains/losses from changes in fair values of
wajar derivatif pada laba rugi (lihat Catatan 39). derivative as profit or loss (refer to Note 39).
Sejak diterapkannya akuntansi lindung nilai wajar Starting from the implementation of fair value hedge
tersebut, manajemen telah memiliki dokumentasi accounting, management has been able to document
mengenai hubungan antara instrumen lindung nilai dan the relationship between hedging instruments and
item yang dilindung nilai dan juga tujuan manajemen hedged items, as well as its risk management objective
risikonya serta strategi dalam melakukan berbagai and strategy for undertaking various hedge
transaksi lindung nilai. transactions.
Dokumentasi juga meliputi penilaian pemenuhan The documentation also consists of hedge fulfillness
kriteria akuntansi lindung nilai dari derivatif yang criteria accounting of derivatives, as the hedge
digunakan sebagai instrumen lindung nilai dan item instruments, against the hedged items. The assessment
yang dilindung nilai. Penilaian ini dilakukan baik pada is tested at inception of the hedge and through out the
permulaan lindung nilai tersebut diterapkan dan pada period of the hedge.
saat-saat berikutnya secara berkelanjutan.
Liabilitas derivatif dengan pihak berelasi diungkapkan pada Derivative payables with related party are disclosed in Note
Catatan 48. 48.
Halaman – 5/99 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 749
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN 12. LOANS
Kredit yang diberikan kepada pihak berelasi diungkapkan Loans to related parties are disclosed in Note 48.
dalam Catatan 48. Informasi mengenai tingkat suku bunga Information in respect of interest rates and maturities are
dan jatuh tempo diungkapkan dalam Catatan 53 dan 55. disclosed in Notes 53 and 55.
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara
kolektif dan individual untuk syariah:
2024
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 141,636 - - 141,636 Consumer
Sub jumlah 141,636 - - 141,636 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,449 - - 1,449 Consumer
Sub jumlah 1,449 - - 1,449 Sub total
Jumlah pihak berelasi 143,085 - - 143,085 Total related parties
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 32,178,420 1,862,545 891,037 34,932,002 Consumer
Modal Kerja 54,284,951 5,784,168 2,172,364 62,241,483 Working capital
Investasi 23,622,892 3,036,690 1,543,317 28,202,899 Investment
Sub jumlah 110,086,263 10,683,403 4,606,718 125,376,384 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 93,452 483 - 93,935 Consumer
Modal Kerja 16,980,023 1,781,654 2,986,450 21,748,127 Working capital
Investasi 9,586,041 491,157 65,254 10,142,452 Investment
Sub jumlah 26,659,516 2,273,294 3,051,704 31,984,514 Sub total
Dolar Singapura Singapore Dollar
Modal Kerja 31,669 6,028 - 37,697 Working capital
Sub jumlah 31,669 6,028 - 37,697 Sub total
Euro Euro
Modal Kerja 14,577 - - 14,577 Working capital
Sub jumlah 14,577 - - 14,577 Sub total
Yuan China Chinese Yuan
Modal Kerja 7,207 97,542 - 104,749 Working capital
Sub jumlah 7,207 97,542 - 104,749 Sub total
Jumlah pihak ketiga 136,799,232 13,060,267 7,658,422 157,517,921 Total third parties
Jumlah 136,942,317 13,060,267 7,658,422 157,661,006 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,025,146) (999,024) (6,696,147) (8,720,317) impairment losses
Jumlah - bersih 135,917,171 12,061,243 962,275 148,940,689 Total - net
Halaman – 5/100 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 750
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2024
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 30,823,193 790,394 31,613,587 Consumer
Modal Kerja 9,964,203 76,967 10,041,170 Working capital
Investasi 14,323,892 622,709 14,946,601 Investment
Sub jumlah 55,111,288 1,490,070 56,601,358 Sub total
Dolar Amerika Serikat United States Dollar
Modal Kerja 2,530,764 - 2,530,764 Working capital
Investasi 811,210 - 811,210 Investment
Sub jumlah 3,341,974 - 3,341,974 Sub total
Dolar Australia Australian Dollar
Modal Kerja 268,919 - 268,919 Working capital
Sub jumlah 268,919 - 268,919 Sub total
Euro Euro
Modal Kerja 75,313 - 75,313 Working capital
Sub jumlah 75,313 - 75,313 Sub total
Yuan Cina Chinese Yuan
Modal Kerja 1,366 - 1,366 Working capital
Sub jumlah 1,366 - 1,366 Sub total
Jumlah 58,798,860 1,490,070 60,288,930 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (618,601) (1,112,208) (1,730,809) impairment losses
Jumlah - bersih 58,180,259 377,862 58,558,121 Total - net
Total kredit yang diberikan 217,949,936 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (10,451,126) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 207,498,810 Total loans- net
Halaman – 5/101 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 751
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2023
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 169,371 - - 169,371 Consumer
Sub jumlah 169,371 - - 169,371 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,386 - - 1,386 Consumer
Sub jumlah 1,386 - - 1,386 Sub total
Jumlah pihak berelasi 170,757 - - 170,757 Total related parties
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 32,396,448 2,422,108 724,672 35,543,228 Consumer
Modal Kerja 48,506,187 6,285,970 2,903,964 57,696,121 Working capital
Investasi 23,871,954 3,585,615 2,778,500 30,236,069 Investment
Sub jumlah 104,774,589 12,293,693 6,407,136 123,475,418 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 104,749 492 - 105,241 Consumer
Modal Kerja 18,685,918 1,254,340 3,227,859 23,168,117 Working capital
Investasi 3,228,796 364,103 110,626 3,703,525 Investment
Sub jumlah 22,019,463 1,618,935 3,338,485 26,976,883 Sub total
Dolar Singapura Singapore Dollar
Modal Kerja 51,051 - - 51,051 Working capital
Investasi 1,150 - - 1,150 Investment
Sub jumlah 52,201 - - 52,201 Sub total
Jumlah pihak ketiga 126,846,253 13,912,628 9,745,621 150,504,502 Total third parties
Jumlah 127,017,010 13,912,628 9,745,621 150,675,259 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,150,052) (1,295,281) (7,890,338) (10,335,671) impairment losses
Jumlah - bersih 125,866,958 12,617,347 1,855,283 140,339,588 Total - net
Halaman – 5/102 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 752
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2023
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 29,159,421 534,199 29,693,620 Consumer
Modal Kerja 7,860,948 11,276 7,872,224 Working capital
Investasi 14,819,359 593,509 15,412,868 Investment
Sub jumlah 51,839,728 1,138,984 52,978,712 Sub total
Dolar Amerika Serikat United States Dollar
Modal Kerja 1,509,557 - 1,509,557 Working capital
Investasi 641,509 - 641,509 Investment
Sub jumlah 2,151,066 - 2,151,066 Sub total
Dolar Australia Australian Dollar
Modal Kerja 83,495 - 83,495 Working capital
Sub jumlah 83,495 - 83,495 Sub total
Euro Euro
Modal Kerja 21,198 - 21,198 Working capital
Sub jumlah 21,198 - 21,198 Sub total
Yuan Cina Chinese Yuan
Modal Kerja 6,820 - 6,820 Working capital
Konsumsi - - - Consumer
Sub jumlah 6,820 - 6,820 Sub total
Jumlah 54,102,307 1,138,984 55,241,291 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (662,795) (907,241) (1,570,036) impairment losses
Jumlah - bersih 53,439,512 231,743 53,671,255 Total - net
Total kredit yang diberikan 205,916,550 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (11,905,707) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 194,010,843 Total loans- net
Halaman – 5/103 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 753
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2022
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 184,894 - - 184,894 Consumer
Sub jumlah 184,894 - - 184,894 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,401 - - 1,401 Consumer
Sub jumlah 1,401 - - 1,401 Sub total
Jumlah pihak berelasi 186,295 - - 186,295 Total related parties
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 34,476,020 2,394,503 1,029,063 37,899,586 Consumer
Modal Kerja 41,079,507 8,303,422 4,966,094 54,349,023 Working capital
Investasi 23,342,390 3,378,609 2,846,765 29,567,764 Investment
Sub jumlah 98,897,917 14,076,534 8,841,922 121,816,373 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 56,629 - - 56,629 Consumer
Modal Kerja 13,725,375 1,232,623 3,961,940 18,919,938 Working capital
Investasi 2,025,156 5,236 340,417 2,370,809 Investment
Sub jumlah 15,807,160 1,237,859 4,302,357 21,347,376 Sub total
Dolar Singapura Singapore Dollar
Modal Kerja 53,521 - - 53,521 Working capital
Sub jumlah 53,521 - - 53,521 Sub total
Yuan China Chinese Yuan
Modal Kerja - 53,497 - 53,497 Working capital
Sub jumlah - 53,497 - 53,497 Sub total
Dolar Australia Australian Dollar
Modal Kerja 40,346 - - 40,346 Working capital
Sub jumlah 40,346 - - 40,346 Sub total
Jumlah pihak ketiga 114,798,944 15,367,890 13,144,279 143,311,113 Total third parties
Jumlah 114,985,239 15,367,890 13,144,279 143,497,408 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,022,129) (1,335,654) (9,529,990) (11,887,773) impairment losses
Jumlah - bersih 113,963,110 14,032,236 3,614,289 131,609,635 Total - net
Halaman – 5/104 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 754
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2022
Tidak mengalami Mengalami
penurunan nilai penurunan nilai
dan penilaian dan penilaian
secara kolektif secara kolektif
dan individual/ dan individual/
Unimpaired Impaired and
and collectively collectively and
and individually individually Jumlah/
assessed assessed Total
Syariah Sharia
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 24,149,479 497,670 24,647,149 Consumer
Modal Kerja 5,188,698 29,772 5,218,470 Working capital
Investasi 13,968,129 180,141 14,148,270 Investment
Sub jumlah 43,306,306 707,583 44,013,889 Sub total
Dolar Amerika Serikat United States Dollar
Modal Kerja 2,377,559 - 2,377,559 Working capital
Investasi 803,334 - 803,334 Investment
Sub jumlah 3,180,893 - 3,180,893 Sub total
Jumlah 46,487,199 707,583 47,194,782 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (765,956) (433,121) (1,199,077) impairment losses
Jumlah - bersih 45,721,243 274,462 45,995,705 Total - net
Total kredit yang diberikan 190,692,190 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (13,086,850) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 177,605,340 Total loans- net
Halaman – 5/105 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 755
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit berdasarkan kredit yang mengalami Loans quality based on impaired loan collectively and
penurunan nilai yang dinilai secara kolektif individually assessed as at 31 December 2024, 2023
dan individual pada tanggal 31 Desember 2024, 2023 and 2022 were as follows:
dan 2022 adalah:
2024
Kolektif/ Individual/ Jumlah/
Collective Individual Total
Konsumsi 1,671,709 9,722 1,681,431 Consumer
Modal Kerja 1,049,124 4,186,657 5,235,781 Working capital
Investasi 96,498 2,134,782 2,231,280 Investment
Jumlah 2,817,331 6,331,161 9,148,492 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,621,472) (6,186,883) (7,808,355) impairment losses
Jumlah - bersih 1,195,859 144,278 1,340,137 Total - net
2023
Kolektif/ Individual/ Jumlah/
Collective Individual Total
Konsumsi 1,239,918 18,953 1,258,871 Consumer
Modal Kerja 1,113,048 5,030,051 6,143,099 Working capital
Investasi 63,492 3,419,143 3,482,635 Investment
Jumlah 2,416,458 8,468,147 10,884,605 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,315,340) (7,482,239) (8,797,579) impairment losses
Jumlah - bersih 1,101,118 985,908 2,087,026 Total - net
2022
Kolektif/ Individual/ Jumlah/
Collective Individual Total
Konsumsi 1,446,283 80,450 1,526,733 Consumer
Modal Kerja 1,215,011 7,742,795 8,957,806 Working capital
Investasi 87,149 3,280,174 3,367,323 Investment
Jumlah 2,748,443 11,103,419 13,851,862 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,614,896) (8,348,215) (9,963,111) impairment losses
Jumlah - bersih 1,133,547 2,755,204 3,888,751 Total - net
Halaman – 5/106 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 756
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi b. By economic sector
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia:
penilaian secara kolektif dan individual untuk syariah:
2024
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Rupiah Rupiah
Perindustrian 16,166,558 3,877,170 867,419 20,911,147 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 22,432,331 2,026,903 1,488,055 25,947,289 hotels, and administration
Pertanian 5,144,366 579,683 74,609 5,798,658 Agriculture
Jasa usaha 18,166,854 1,483,928 830,066 20,480,848 Business services
Konstruksi 5,006,641 61,725 275,931 5,344,297 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 7,010,979 664,274 143,558 7,818,811 and communication
Jasa pelayanan sosial 1,400,120 121,176 11,232 1,532,528 Social services
Pertambangan 965,415 - 15,013 980,428 Mining
Listrik, gas dan air 1,614,579 5,999 9,798 1,630,376 Electricity, gas and water
Perumahan 12,225,956 1,334,714 410,804 13,971,474 Housing
Konsumsi 20,094,100 527,831 480,233 21,102,164 Consumer
Sub jumlah 110,227,899 10,683,403 4,606,718 125,518,020 Sub total
Mata uang asing Foreign currencies
Perindustrian 11,076,497 1,199,411 2,986,450 15,262,358 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 903,491 570,289 - 1,473,780 hotels, and administration
Pertanian 5,912,805 - - 5,912,805 Agriculture
Jasa usaha 1,626,360 366,162 - 1,992,522 Business services
Konstruksi 1,192 - - 1,192 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 1,772,961 1,307 65,254 1,839,522 and communication
Pertambangan 4,798,094 239,212 - 5,037,306 Mining
Listrik, gas dan air 528,117 - - 528,117 Electricity, gas and water
Konsumsi 94,901 483 - 95,384 Consumer
Sub jumlah 26,714,418 2,376,864 3,051,704 32,142,986 Sub total
Jumlah 136,942,317 13,060,267 7,658,422 157,661,006 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,025,146) (999,024) (6,696,147) (8,720,317) impairment losses
Jumlah - bersih 135,917,171 12,061,243 962,275 148,940,689 Total - net
Halaman – 5/107 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 757
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2024
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Rupiah Rupiah
Perindustrian 4,124,756 33,243 4,157,999 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 4,774,694 141,021 4,915,715 hotels, and administration
Pertanian 1,909,354 - 1,909,354 Agriculture
Jasa usaha 5,162,195 4,610 5,166,805 Business services
Konstruksi 1,536,448 507,079 2,043,527 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 2,359,597 7,480 2,367,077 and communication
Jasa pelayanan sosial 349,423 494 349,917 Social services
Pertambangan 780,853 - 780,853 Mining
Listrik, gas dan air 3,290,775 5,749 3,296,524 Electricity, gas and water
Perumahan 23,364,635 596,918 23,961,553 Housing
Konsumsi 7,458,558 193,476 7,652,034 Consumer
Sub jumlah 55,111,288 1,490,070 56,601,358 Sub total
Mata uang asing Foreign currencies
Perindustrian 512,367 - 512,367 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 2,144,533 - 2,144,533 hotels, and administration
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 449,263 - 449,263 and communication
Pertambangan 581,409 - 581,409 Mining
Sub jumlah 3,687,572 - 3,687,572 Sub total
Jumlah 58,798,860 1,490,070 60,288,930 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (618,601) (1,112,208) (1,730,809) impairment losses
Jumlah - bersih 58,180,259 377,862 58,558,121 Total - net
Total kredit yang diberikan 217,949,936 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (10,451,126) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 207,498,810 Total loans- net
Halaman – 5/108 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 758
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2023
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Rupiah Rupiah
Perindustrian 15,661,068 3,791,316 1,394,750 20,847,134 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 20,135,787 2,972,314 1,870,323 24,978,424 hotels, and administration
Pertanian 5,098,824 1,154,227 87,270 6,340,321 Agriculture
Jasa usaha 14,793,570 1,594,965 904,972 17,293,507 Business services
Konstruksi 5,369,112 88,643 335,117 5,792,872 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 9,014,928 26,052 173,212 9,214,192 and communication
Jasa pelayanan sosial 587,295 224,119 892,008 1,703,422 Social services
Pertambangan 192,374 2,014 15,013 209,401 Mining
Listrik, gas dan air 1,525,183 17,935 9,799 1,552,917 Electricity, gas and water
Perumahan 13,800,507 1,810,222 388,834 15,999,563 Housing
Konsumsi 18,765,312 611,886 335,838 19,713,036 Consumer
Sub jumlah 104,943,960 12,293,693 6,407,136 123,644,789 Sub total
Mata uang asing Foreign currencies
Perindustrian 9,026,871 1,097,018 3,001,671 13,125,560 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,263,370 121,873 248,106 1,633,349 hotels, and administration
Pertanian 3,703,542 - - 3,703,542 Agriculture
Jasa usaha 3,759,335 272,527 - 4,031,862 Business services
Konstruksi 998 - - 998 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 1,552,439 - 88,708 1,641,147 and communication
Pertambangan 2,005,911 127,025 - 2,132,936 Mining
Listrik, gas dan air 654,449 - - 654,449 Electricity, gas and water
Konsumsi 106,135 492 - 106,627 Consumer
Sub jumlah 22,073,050 1,618,935 3,338,485 27,030,470 Sub total
Jumlah 127,017,010 13,912,628 9,745,621 150,675,259 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,150,052) (1,295,281) (7,890,338) (10,335,671) impairment losses
Jumlah - bersih 125,866,958 12,617,347 1,855,283 140,339,588 Total - net
Halaman – 5/109 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 759
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2023
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Rupiah Rupiah
Perindustrian 4,017,386 6,615 4,024,001 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 4,618,991 81,704 4,700,695 hotels, and administration
Pertanian 1,936,181 - 1,936,181 Agriculture
Jasa usaha 2,875,725 1,718 2,877,443 Business services
Konstruksi 2,146,376 507,279 2,653,655 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 2,554,563 1,720 2,556,283 and communication
Jasa pelayanan sosial 257,824 - 257,824 Social services
Pertambangan 618,840 - 618,840 Mining
Listrik, gas dan air 3,654,421 5,749 3,660,170 Electricity, gas and water
Perumahan 22,479,437 410,564 22,890,001 Housing
Konsumsi 6,679,984 123,635 6,803,619 Consumer
Sub jumlah 51,839,728 1,138,984 52,978,712 Sub total
Mata uang asing Foreign currencies
Perindustrian 368,686 - 368,686 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,524,427 - 1,524,427 hotels, and administration
Jasa usaha 49,270 - 49,270 Business services
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 154,977 - 154,977 and communication
Pertambangan 84,016 - 84,016 Mining
Listrik, gas dan air 81,203 - 81,203 Electricity, gas and water
Sub jumlah 2,262,579 - 2,262,579 Sub total
Jumlah 54,102,307 1,138,984 55,241,291 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (662,795) (907,241) (1,570,036) impairment losses
Jumlah - bersih 53,439,512 231,743 53,671,255 Total - net
Total kredit yang diberikan 205,916,550 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (11,905,707) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 194,010,843 Total loans- net
Halaman – 5/110 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 760
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2022
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Rupiah Rupiah
Perindustrian 16,184,879 4,078,057 1,898,432 22,161,368 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 16,788,451 4,555,498 3,161,578 24,505,527 hotels, and administration
Pertanian 5,332,115 640,221 205,538 6,177,874 Agriculture
Jasa usaha 9,773,122 1,963,802 1,257,949 12,994,873 Business services
Konstruksi 6,371,418 156,398 142,003 6,669,819 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 8,268,133 59,212 188,571 8,515,916 and communication
Jasa pelayanan sosial 571,680 197,091 934,393 1,703,164 Social services
Pertambangan 46,531 831 16,526 63,888 Mining
Listrik, gas dan air 1,085,568 30,921 7,869 1,124,358 Electricity, gas and water
Perumahan 16,777,534 1,724,678 606,616 19,108,828 Housing
Konsumsi 17,883,380 669,825 422,447 18,975,652 Consumer
Sub jumlah 99,082,811 14,076,534 8,841,922 122,001,267 Sub total
Mata uang asing Foreign currencies
Perindustrian 8,241,544 1,013,087 3,625,717 12,880,348 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,329,179 128,904 357,332 1,815,415 hotels, and administration
Pertanian 3,052,112 - 44,659 3,096,771 Agriculture
Jasa usaha 1,811,292 149,365 3,705 1,964,362 Business services
Konstruksi 3,368 - 12,292 15,660 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 268,815 - 102,977 371,792 and communication
Pertambangan 945,344 - 155,675 1,101,019 Mining
Listrik, gas dan air 192,744 - - 192,744 Electricity, gas and water
Konsumsi 58,030 - - 58,030 Consumer
Sub jumlah 15,902,428 1,291,356 4,302,357 21,496,141 Sub total
Jumlah 114,985,239 15,367,890 13,144,279 143,497,408 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,022,129) (1,335,654) (9,529,990) (11,887,773) impairment losses
Jumlah - bersih 113,963,110 14,032,236 3,614,289 131,609,635 Total - net
Halaman – 5/111 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 761
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2022
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Rupiah Rupiah
Perindustrian 2,476,762 4,351 2,481,113 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 2,998,956 114,336 3,113,292 hotels, and administration
Pertanian 1,879,680 30,926 1,910,606 Agriculture
Jasa usaha 2,177,943 49,183 2,227,126 Business services
Konstruksi 3,486,282 - 3,486,282 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 2,412,601 11,117 2,423,718 and communication
Jasa pelayanan sosial 232,701 - 232,701 Social services
Pertambangan 225,031 - 225,031 Mining
Listrik, gas dan air 3,266,871 - 3,266,871 Electricity, gas and water
Perumahan 18,816,624 382,772 19,199,396 Housing
Konsumsi 5,332,855 114,898 5,447,753 Consumer
Sub jumlah 43,306,306 707,583 44,013,889 Sub total
Mata uang asing Foreign currencies
Perindustrian 418,823 - 418,823 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,437,937 - 1,437,937 hotels, and administration
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 139,821 - 139,821 and communication
Pertambangan 1,020,852 - 1,020,852 Mining
Listrik, gas dan air 163,460 - 163,460 Electricity, gas and water
Sub jumlah 3,180,893 - 3,180,893 Sub total
Jumlah 46,487,199 707,583 47,194,782 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (765,956) (433,121) (1,199,077) impairment losses
Jumlah - bersih 45,721,243 274,462 45,995,705 Total - net
Total kredit yang diberikan 190,692,190 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (13,086,850) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 177,605,340 Total loans- net
Halaman – 5/112 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 762
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
c. Berdasarkan jangka waktu perjanjian kredit c. By term of credit agreements
2024 2023 2022
Rupiah Rupiah
< 1 tahun 33,720,607 29,544,753 24,874,444 < 1 year
> 1 - < 2 tahun 25,414,799 27,528,556 26,163,909 > 1 - < 2 years
> 2 - < 5 tahun 31,662,521 22,054,713 21,725,231 > 2 - < 5 years
> 5 tahun 91,321,451 97,495,479 93,251,572 > 5 years
Sub jumlah 182,119,378 176,623,501 166,015,156 Sub total
Dolar Amerika Serikat United States Dollar
< 1 tahun 13,273,621 17,792,306 9,611,593 < 1 year
> 1 - < 2 tahun 6,132,407 1,691,147 5,203,789 > 1 - < 2 years
> 2 - < 5 tahun 5,773,617 3,155,952 2,910,833 > 2 - < 5 years
> 5 tahun 10,148,292 6,489,930 6,803,455 > 5 years
Sub jumlah 35,327,937 29,129,335 24,529,670 Sub total
Dolar Australia Australian Dollar
< 1 tahun 268,919 83,495 40,346 < 1 year
Dolar Singapura Singapore Dollar
< 1 tahun 2,474 44,962 34,422 < 1 year
> 1 - < 2 tahun 35,223 7,239 19,099 > 1 - < 2 years
Sub jumlah 37,697 52,201 53,521 Sub total
Euro Euro
< 1 tahun 89,890 21,198 - < 1 year
Yuan China Chinese Yuan
< 1 tahun 106,115 6,820 53,497 < 1 year
Jumlah 217,949,936 205,916,550 190,692,190 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (10,451,126) (11,905,707) (13,086,850) impairment losses
Jumlah - bersih 207,498,810 194,010,843 177,605,340 Total - net
d. Berdasarkan jatuh tempo d. By maturity date
Informasi mengenai jatuh tempo diungkapkan pada Information in respect of maturities is disclosed in
Catatan 55. Note 55.
e. Suku bunga rata-rata per tahun e. Average annual interest rates
2024 2023 2022
Rupiah 8.32% 8.34% 7.89% Rupiah
Mata uang asing 6.22% 5.58% 4.29% Foreign currencies
Halaman – 5/113 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 763
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
f. Mutasi kredit yang diberikan f. Movement of loans
Mutasi kredit yang diberikan berdasarkan tahapan The movement of loans based on staging are as
adalah: follows:
2024
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 127,017,010 13,912,628 1,817,087 7,928,534 150,675,259 55,241,291 205,916,550 Beginning balance
Perubahan kredit berdasarkan perpindahan Changes in credit due to
antar tahapan: transfer within stages:
Pindah ke Tahap 1 1,808,290 (1,752,275) (56,015) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (2,360,824) 2,433,788 (72,964) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (464,652) (350,943) 815,595 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual - (32,328) - 32,328 - - - Transfer from collective to individual
Total perpindahan antar tahapan (1,017,186) 298,242 686,616 32,328 - - - Total transfer within stages
Penambahan kredit selama periode berjalan 24,177,033 - - - 24,177,033 10,852,631 35,029,664 Additional loans during the period
Pindah ke Tahap 2 dan 3 (660,831) 634,061 26,770 - - - - Transfer to Stage 2 and 3
Penghapusbukuan kredit - - (841,865) (586,561) (1,428,426) (292,558) (1,720,984) Write-off loans
Perubahan lainnya pada kredit termasuk Other changes in loans including
pelunasan penuh dan pembayaran sebagian (13,572,743) (1,858,056) 241,018 (437,159) (15,626,940) (5,605,685) (21,232,625) fully settlement or partial repayment
Penjualan kredit ke pihak ketiga - - (63,864) (1,295,827) (1,359,691) - (1,359,691) Loan sale to third party
Lain-lain *) 999,034 73,392 - 151,345 1,223,771 93,251 1,317,022 Others *)
Saldo akhir 136,942,317 13,060,267 1,865,762 5,792,660 157,661,006 60,288,930 217,949,936 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translations *
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 114,985,239 15,367,890 2,178,810 10,965,469 143,497,408 47,194,782 190,692,190 Beginning balance
Perubahan kredit berdasarkan perpindahan Changes in credit due to
antar tahapan: transfer within stages:
Pindah ke Tahap 1 2,472,861 (2,384,274) (88,587) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (3,349,541) 3,586,519 (236,978) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (380,911) (521,648) 902,559 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual - (188,547) - 188,547 - - - Transfer from collective to individual
Pindah dari individual ke kolektif 118,611 391,002 - (509,613) - - - Transfer from individual to collective
Total perpindahan antar tahapan (1,138,980) 883,052 576,994 (321,066) - - - Total transfer within stages
Penambahan kredit selama tahun berjalan 18,274,140 - - - 18,274,140 12,885,913 31,160,053 Additional loans during the year
Pindah ke Tahap 2 dan 3 (140,982) 114,931 26,051 - - - - Transfer to Stage 2 and 3
Penghapusbukuan kredit - - (997,636) (913,898) (1,911,534) (282,525) (2,194,059) Write-off loans
Perubahan lainnya pada kredit termasuk Other changes in loans including
pelunasan penuh dan pembayaran sebagian (4,789,500) (2,438,043) 50,066 (1,131,343) (8,308,820) (4,495,148) (12,803,968) fully settlement or partial repayment
Penjualan kredit ke pihak ketiga - - (17,157) (623,547) (640,704) (26,893) (667,597) Loan sale to third party
Lain-lain *) (172,907) (15,202) (41) (47,081) (235,231) (34,838) (270,069) Others *)
Saldo akhir 127,017,010 13,912,628 1,817,087 7,928,534 150,675,259 55,241,291 205,916,550 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 101,414,728 27,296,366 2,209,040 9,270,119 140,190,253 36,967,609 177,157,862 Beginning balance
Perubahan kredit berdasarkan perpindahan Changes in credit due to
antar tahapan: transfer within stages:
Pindah ke Tahap 1 5,363,856 (5,223,284) (140,572) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (1,954,293) 1,998,814 (44,521) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (321,702) (884,867) 1,206,569 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual dan Transfer from collective to individual and
sebaliknya - (4,450,812) - 4,450,812 - - - vice versa
Total perpindahan antar tahapan 3,087,861 (8,560,149) 1,021,476 4,450,812 - - - Total transfer within stages
Penambahan kredit selama tahun berjalan 13,281,377 - - - 13,281,377 15,094,339 28,375,716 Additional loans during the year
Pindah ke Tahap 2 dan 3 (142,901) 124,000 18,901 - - - - Transfer to Stage 2 and 3
Penghapusbukuan kredit - - (1,270,659) (928,322) (2,198,981) (176,209) (2,375,190) Write-off loans
Perubahan lainnya pada kredit termasuk Other changes in loans including
pelunasan penuh dan pembayaran sebagian (3,640,591) (3,981,065) 199,738 (960,314) (8,382,232) (4,804,902) (13,187,134) fully settlement or partial repayment
Penjualan kredit ke pihak ketiga - - - (1,077,693) (1,077,693) - (1,077,693) Loan sale to third party
Lain-lain *) 984,765 488,738 314 210,867 1,684,684 113,945 1,798,629 Others *)
Saldo akhir 114,985,239 15,367,890 2,178,810 10,965,469 143,497,408 47,194,782 190,692,190 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Halaman – 5/114 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 764
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
g. Kredit sindikasi g. Syndicated loans
Kredit sindikasi merupakan kredit yang diberikan Syndicated loans represent loans provided to the
kepada debitur berdasarkan perjanjian pembiayaan debtor under syndication agreements with other
bersama dengan bank lain. banks.
Jumlah kredit yang dimiliki oleh debitur yang The amount of loans that owned by debtor that has
mempunyai fasilitas sindikasi pada tanggal syndicated facility as at 31 December 2024
31 Desember 2024 adalah sebesar Rp 37.672.166 amounting to Rp 37,672,166 both as participant and
baik sebagai partisipan maupun arranger (2023: as arranger (2023: Rp 28,727,010; 2022:
Rp 28.727.010; 2022: Rp 28.705.252). Partisipasi Rp 28,705,252). Bank CIMB Niaga’s participation in
Bank CIMB Niaga dalam kredit sindikasi tersebut pada syndicated loans as at 31 December 2024 is 1.27% -
tanggal 31 Desember 2024 sebesar 1,27% - 35,71% 35.71% (2023: 2.00% - 74.96%; 2022: 2.75% -
(2023: 2,00% - 74,96%; 2022: 2,75% - 40,54%). Bank 40.54%). Bank CIMB Niaga also acted as lead
CIMB Niaga juga bertindak selaku pimpinan dan/atau manager and/or arranger, where the percentage of
arranger, dimana persentase Bank CIMB Niaga Bank CIMB Niaga as arranger is 2.53% - 50.00% of
sebagai arranger adalah sebesar 2,53% - 50,00% dari the total syndicated loans as at 31 December 2024
seluruh kredit sindikasi tersebut pada tanggal (2023: 4.00% - 79.34%; 2022: 3.50% - 79.67%).
31 Desember 2024 (2023: 4,00% - 79,34%; 2022:
3,50% - 79,67%)
h. Cadangan kerugian penurunan nilai h. Allowance for impairment losses
Mutasi cadangan kerugian penurunan nilai kredit yang The movements of allowance for impairment losses
diberikan adalah: were as follows:
2024
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 1,150,052 1,295,281 980,204 6,910,134 10,335,671 1,570,036 11,905,707 Beginning balance
Perubahan pada cadangan kerugian kredit Changes in expected credit losses due to
berdasarkan perpindahan antar tahapan: transfer within stages:
Pindah ke Tahap 1 136,513 (113,241) (23,272) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (18,098) 41,372 (23,274) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (10,975) (60,293) 71,268 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual - (9,163) - 9,163 - - - Transfer from collective to individual
Total perpindahan antar tahapan 107,440 (141,325) 24,722 9,163 - - - Total transfer within stages
Penambahan cadangan kerugian atas Additional allowance for impairment losses
kredit baru selama tahun berjalan 133,692 - - - 133,692 66,468 200,160 from new loans during the year
Pindah ke Tahap 2 dan 3 (47,827) 29,654 18,173 - - - - Transfer to Stage 2 and 3
Kredit yang telah dilunasi (25,899) (53,676) (31,851) (19,863) (131,289) (62,803) (194,092) Loans that have been derecognised
Perubahan pada risiko kredit (250,983) (138,834) 1,141,709 186,252 938,144 471,900 1,410,044 Change in credit risk
Total yang dibebankan ke laba rugi (191,017) (162,856) 1,128,031 166,389 940,547 475,565 1,416,112 Total charge to Income Statement
Penghapusan selama tahun berjalan - - (841,865) (586,561) (1,428,426) (292,558) (1,720,984) Write-off during the year
Penjualan kredit ke pihak ketiga - - (26,097) (1,053,444) (1,079,541) - (1,079,541) Loan sale to third party
Lain-lain *) (41,329) 7,924 (143,828) 129,299 (47,934) (22,234) (70,168) Others *)
Saldo akhir 1,025,146 999,024 1,121,167 5,574,980 8,720,317 1,730,809 10,451,126 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Halaman – 5/115 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 765
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
Mutasi cadangan kerugian penurunan nilai kredit yang The movements of allowance for impairment losses
diberikan adalah (lanjutan): were as follows (continued):
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 1,022,129 1,335,654 1,248,216 8,281,774 11,887,773 1,199,077 13,086,850 Beginning balance
Perubahan pada cadangan kerugian kredit Changes in expected credit losses due to
berdasarkan perpindahan antar tahapan: transfer within stages:
Pindah ke Tahap 1 65,870 (37,632) (28,238) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (21,993) 121,963 (99,970) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (2,348) (119,021) 121,369 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual - (18,504) - 18,504 - - - Transfer from collective to individual
Pindah dari individual ke kolektif - 209,122 - (209,122) - - - Transfer from individual to collective
Total perpindahan antar tahapan 41,529 155,928 (6,839) (190,618) - - - Total transfer within stages
Penambahan cadangan kerugian atas Additional allowance for impairment losses
kredit baru selama tahun berjalan 134,983 - - - 134,983 57,228 192,211 from new loans during the year
Pindah ke Tahap 2 dan 3 (37,605) 17,455 20,150 - - - - Transfer to Stage 2 and 3
Kredit yang telah dilunasi (16,844) (53,411) (55,387) (56,229) (181,871) (87,458) (269,329) Loans that have been derecognised
Perubahan pada risiko kredit 5,962 (159,851) 834,010 435,426 1,115,547 692,122 1,807,669 Change in credit risk
Total yang dibebankan ke laba rugi 86,496 (195,807) 798,773 379,197 1,068,659 661,892 1,730,551 Total charge to Income Statement
Penerimaan kembali kredit yang
diberikan yang telah dihapuskan Recovery of written-off loans
selama tahun berjalan - - 29,576 - 29,576 4,132 33,708 during the year
Penghapusan selama tahun berjalan - - (997,636) (913,898) (1,911,534) (282,525) (2,194,059) Write-off during the year
Penjualan kredit ke pihak ketiga (10,215) (570,524) (580,739) (26,893) (607,632) Loan sale to third party
Lain-lain *) (102) (494) (81,671) (75,797) (158,064) 14,353 (143,711) Others *)
Saldo akhir 1,150,052 1,295,281 980,204 6,910,134 10,335,671 1,570,036 11,905,707 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 837,484 4,514,304 1,143,502 5,950,236 12,445,526 623,079 13,068,605 Beginning balance
Perubahan pada cadangan kerugian kredit Changes in expected credit losses due to
berdasarkan perpindahan antar tahapan: transfer within stages:
Pindah ke Tahap 1 430,326 (392,997) (37,329) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (29,346) 40,801 (11,455) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (3,661) (177,433) 181,094 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual dan Transfer from collective to individual and
sebaliknya - (2,577,100) - 2,577,100 - - - vice versa
Total perpindahan antar tahapan 397,319 (3,106,729) 132,310 2,577,100 - - - Total transfer within stages
Penambahan cadangan kerugian atas Additional allowance for impairment losses
kredit baru selama tahun berjalan 83,238 - - - 83,238 84,687 167,925 from new loans during the year
Pindah ke Tahap 2 dan 3 (31,649) 17,582 14,067 - - - - Transfer to Stage 2 and 3
Kredit yang telah dilunasi (15,842) (62,172) (61,054) (30,715) (169,783) (142,503) (312,286) Loans that have been derecognised
Perubahan pada risiko kredit (250,245) (221,057) 1,389,143 1,667,819 2,585,660 797,942 3,383,602 Change in credit risk
Total yang dibebankan ke laba rugi (214,498) (265,647) 1,342,156 1,637,104 2,499,115 740,126 3,239,241 Total charge to Income Statement
Penerimaan kembali kredit yang
diberikan yang telah dihapuskan Recovery of written-off loans
selama tahun berjalan - - 43,590 - 43,590 3,655 47,245 during the year
Penghapusan selama tahun berjalan - - (1,270,659) (928,322) (2,198,981) (176,209) (2,375,190) Write-off during the year
Penjualan kredit ke pihak ketiga - (1,063,270) (1,063,270) - (1,063,270) Loan sale to third party
Lain-lain *) 1,824 193,726 (142,683) 108,926 161,793 8,426 170,219 Others *)
Saldo akhir 1,022,129 1,335,654 1,248,216 8,281,774 11,887,773 1,199,077 13,086,850 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Halaman – 5/116 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 766
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
Pada tanggal 31 Desember 2024, 2023 dan 2022, As at 31 December 2024, 2023, and 2022, allowance
rincian cadangan kerugian penurunan nilai for impairment losses based on type of loans consist
berdasarkan jenis adalah: of:
2024 2023 2022
Modal kerja 5,685,228 6,219,290 7,829,116 Working capital
Investasi 2,693,569 3,576,975 2,905,727 Investment
Konsumsi 2,072,329 2,109,442 2,352,007 Consumer
Jumlah 10,451,126 11,905,707 13,086,850 Total
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai yang dibentuk cukup untuk impairment losses is adequate to cover losses arising
menutup kerugian yang timbul akibat tidak tertagihnya from uncollectible loans.
kredit yang diberikan.
Bank telah melakukan penilaian sensitivitas kerugian The Bank has performed ECL sensitivity assessment
kredit ekspektasian terhadap kredit yang diberikan on loans based on the changes in key macroeconomic
berdasarkan perubahan variabel - variabel variables, as presented in table below. The sensitivity
makroekonomi kunci seperti yang disajikan pada tabel
dibawah ini. Penilaian sensitivitas dilakukan hanya assessment outlines the effect of changes in those
dengan mengubah variabel-variabel tersebut variables while other variables remain constant:
sedangkan seluruh variabel lain dianggap konstan:
2024 2023 2022
Cadangan kerugian Cadangan kerugian Cadangan kerugian
penurunan nilai/ penurunan nilai/ penurunan nilai/
Perubahan/ Allowance for Perubahan/ Allowance for Perubahan/ Allowance for
Changes impairment losses Changes impairment losses Changes impairment losses
Konsumsi Consumer
BI Rate +/- 25 bps +/- 5 bps +/- 15 bps BI Rate
Indeks harga rumah +/- 5 bps +/- 25 bps +/- 25 bps House price index
Indeks harga konsumen +/- 200 bps +/- 350 bps +/- 350 bps Consumer price index
Nilai ekspor Export value
Indeks kepercayaan konsumen Customer confidence index
Tingkat pengangguran Unemployment rate
Total kenaikan cadangan kerugian Total increase in allowance for
penurunan nilai dalam perubahan positif 1,900 5,412 1,594 impairment losses on positive changes
Total kenaikan cadangan kerugian Total increase in allowance for
penurunan nilai dalam perubahan negatif (1,893) (5,354) (1,589) impairment losses on negative changes
Modal Kerja dan Investasi Working Capital and Investment
Indeks penjualan ritel +/- 25 bps +/- 15 bps +/- 175 bps Retail sales index
Nilai ekspor +/- 150 bps +/- 200 bps +/- 50 bps Export value
Indeks kepercayaan konsumen +/- 125 bps Customer confidence index
Indeks harga saham gabungan +/- 25 bps +/- 75 bps +/- 15 bps Shares price index
Nilai impor Import value
Indeks komoditas dunia World commodity index
BI Rate BI Rate
Total kenaikan cadangan kerugian Total increase in allowance for
penurunan nilai dalam perubahan positif (254) (1,685) 13,874 impairment losses on positive changes
Total kenaikan cadangan kerugian Total increase in allowance for
penurunan nilai dalam perubahan negatif 49 1,694 (13,906) impairment losses on negative changes
Halaman – 5/117 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 767
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
i. Penghapusbukuan kredit untuk kategori “macet” i. Write-off loans for “loss” loans category
Pada tanggal yang berakhir 31 Desember 2024, Bank As at 31 December 2024, Bank CIMB Niaga write-off
CIMB Niaga melaksanakan penghapusbukuan kredit loans amounting to Rp 1,720,984 (2023:
sebesar Rp 1.720.984 (2023: Rp 2.194.059; 2022: Rp 2,194,059; 2022: Rp 2,375,190). Loans write-off
Rp 2.375.190). Adapun kriteria debitur yang dapat criteria were as follows:
dihapusbukukan meliputi:
a. Fasilitas kredit telah mengalami penurunan nilai; a. Loan facility is classified as impaired;
b. Fasilitas kredit telah dibentuk cadangan b. Loan facility has been provided with 100%
kerugian penurunan nilai sebesar 100% dari allowance for impairment losses from the loan
pokok kredit; principal;
c. Hapus buku dilakukan terhadap seluruh c. The write-offs are performed for all loan
kewajiban kredit, termasuk yang berasal dari obligations, including non-cash loan facilities;
fasilitas non-cash loan; dan and
d. Diumumkan secara terbuka. d. Announced publicly.
j. Informasi pokok lainnya sehubungan dengan j. Other significant information relating to loans
kredit yang diberikan
Kredit yang diberikan dijamin dengan agunan yang Loans are generally secured by collateral with
diikat dengan hipotik, hak tanggungan atau surat registered mortgages, powers of attorney to sell, time
kuasa untuk menjual, deposito berjangka, dan deposits, and by other guarantees.
jaminan lainnya.
Kredit yang dijamin dengan dana pihak ketiga pada Loans secured by third party fund as at
tanggal 31 Desember 2024 adalah sebesar 31 December 2024 amounting to Rp 9,531,849
Rp 9.531.849 (2023: Rp 6.447.409; 2022: (2023: Rp 6,447,409; 2022: Rp 6,458,987)
Rp 6.458.987) (lihat Catatan 23, 24, dan 25). (refer to Note 23, 24, and 25).
13. PIUTANG PEMBIAYAAN KONSUMEN 13. CONSUMER FINANCING RECEIVABLES
Piutang pembiayaan konsumen Entitas Anak adalah: The Subsidiary’s consumer financing receivables are:
2024 2023 2022
Piutang pembiayaan konsumen - bruto 13,028,719 9,710,095 7,662,156 Consumer financing receivables - gross
Dikurangi: Less:
Pendapatan pembiayaan konsumen
yang belum diakui (2,975,660) (2,256,775) (1,743,332) Unearned consumer financing income
Piutang pembiayaan konsumen 10,053,059 7,453,320 5,918,824 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (202,274) (141,776) (110,535) impairment losses
9,850,785 7,311,544 5,808,289
Halaman – 5/118 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 768
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES (continued)
Piutang pembiayaan konsumen Entitas Anak pada tanggal The Subsidiary’s consumer financing receivables as at
31 Desember 2024, 2023, dan 2022, berdasarkan tahapan 31 December 2024, 2023, and 2022, by staging are:
adalah:
2024
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Piutang pembiayaan konsumen 4,507,821 165,910 65,428 4,739,159 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (45,976) (26,007) (29,008) (100,991) impairment losses
Jumlah konvensional 4,461,845 139,903 36,420 4,638,168 Total conventional
Syariah Sharia
Piutang pembiayaan konsumen 5,313,900 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (101,283) impairment losses
Jumlah Syariah 5,212,617 Total Sharia
Jumlah piutang pembiayaan konsumen - Total consumer financing receivable -
konvensional dan syariah 10,053,059 conventional and sharia
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai - konvensional dan syariah (202,274) losses - conventional and sharia
Jumlah piutang Total consumer
pembiayaan konsumen - bersih 9,850,785 financing receivable - net
2023
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Piutang pembiayaan konsumen 2,936,549 67,134 48,991 3,052,674 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (15,177) (14,015) (31,202) (60,394) impairment losses
Jumlah konvensional 2,921,372 53,119 17,789 2,992,280 Total conventional
Syariah Sharia
Piutang pembiayaan konsumen 4,400,646 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (81,382) impairment losses
Jumlah Syariah 4,319,264 Total Sharia
Jumlah piutang pembiayaan konsumen - Total consumer financing receivable -
konvensional dan syariah 7,453,320 conventional and sharia
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai - konvensional dan syariah (141,776) losses - conventional and sharia
Jumlah piutang Total consumer
pembiayaan konsumen - bersih 7,311,544 financing receivable - net
Halaman – 5/119 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 769
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES (continued)
Piutang pembiayaan konsumen Entitas Anak pada tanggal The Subsidiary’s consumer financing receivables as at
31 Desember 2024, 2023, dan 2022, berdasarkan tahapan 31 December 2024, 2023, and 2022, by staging are
adalah (lanjutan): (continued):
2022
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Piutang pembiayaan konsumen 2,415,951 66,736 49,283 2,531,970 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (14,573) (15,742) (30,202) (60,517) impairment losses
Jumlah konvensional 2,401,378 50,994 19,081 2,471,453 Total conventional
Syariah Sharia
Piutang pembiayaan konsumen 3,386,854 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (50,018) impairment losses
Jumlah Syariah 3,336,836 Total Sharia
Jumlah piutang pembiayaan konsumen - Total consumer financing receivable -
konvensional dan syariah 5,918,824 conventional and sharia
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai - konvensional dan syariah (110,535) losses - conventional and sharia
Jumlah piutang Total consumer
pembiayaan konsumen - bersih 5,808,289 financing receivable - net
Berikut ini cicilan piutang pembiayaan konsumen – bruto Below is the installment of gross consumer financing
berdasarkan tanggal jatuh tempo: receivables based on the maturity:
2024 2023 2022
< 1 bulan 56,622 36,121 35,266 < 1 month
> 1 - ≤ 3 bulan 1,154,647 795,866 658,239 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 3,099,933 2,236,598 1,883,390 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 8,717,517 6,641,510 5,085,261 > 1 - ≤ 5 years
13,028,719 9,710,095 7,662,156
Less: Allowance for
Halaman – 5/120 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 770
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES (continued)
Mutasi piutang pembiayaan konsumen yang berdasarkan The movement of consumer financing receivables based
tahapan adalah: on staging were as follows:
2024
Konvensional/Conventional
Tahap/ Tahap/ Tahap/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Total Sharia Total
Saldo awal 2,936,549 67,134 48,991 3,052,674 4,400,646 7,453,320 Beginning balance
Perubahan piutang pembiayaan Changes in consumer financing
konsumen berdasarkan receivable based on transfer
perpindahan antar tahapan within stages
Pindah ke Tahap 1 6,693 (5,015) (1,678) - - - Transfer to Stage 1
Pindah ke Tahap 2 (129,543) 129,960 (417) - - - Transfer to Stage 2
Pindah ke Tahap 3 (184,212) (2,341) 186,553 - - - Transfer to Stage 3
Total perpindahan antar tahapan (307,062) 122,604 184,458 - - - Total transfer within stages
Penambahan piutang pembiayaan New additional of consumer
konsumen baru 2,553,627 - - 2,553,627 1,921,395 4,475,022 financing receivable
Pindah ke Tahap 2 dan 3 (61,718) 44,754 16,964 - - - Transfer to Stage 2 and 3
Penghapusbukuan piutang Write-off of consumer financing
pembiayaan konsumen - - (150,465) (150,465) (150,744) (301,209) receivable
Pelunasan penuh dan pembayaran sebagian (613,575) (68,582) (34,520) (716,677) (857,397) (1,574,074) Fully settlement and partial repayment
Saldo akhir 4,507,821 165,910 65,428 4,739,159 5,313,900 10,053,059 Ending balance
2023
Konvensional/Conventional
Tahap/ Tahap/ Tahap/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Total Sharia Total
Saldo awal 2,415,951 66,736 49,283 2,531,970 3,386,854 5,918,824 Beginning balance
Perubahan piutang pembiayaan Changes in consumer financing
konsumen berdasarkan receivable based on transfer
perpindahan antar tahapan within stages
Pindah ke Tahap 1 19,025 (9,954) (9,071) - - - Transfer to Stage 1
Pindah ke Tahap 2 (46,303) 49,927 (3,624) - - - Transfer to Stage 2
Pindah ke Tahap 3 (123,352) (4,254) 127,606 - - - Transfer to Stage 3
Total perpindahan antar tahapan (150,630) 35,719 114,911 - - - Total transfer within stages
Penambahan piutang pembiayaan New additional of consumer
konsumen baru 2,497,851 - - 2,497,851 3,075,948 5,573,799 financing receivable
Pindah ke Tahap 2 dan 3 (63,742) 32,773 30,969 - - - Transfer to Stage 2 and 3
Penghapusbukuan piutang Write-off of consumer financing
pembiayaan konsumen - - (96,001) (96,001) (166,116) (262,117) receivable
Pelunasan penuh dan pembayaran sebagian (1,762,881) (68,094) (50,171) (1,881,146) (1,896,040) (3,777,186) Fully settlement and partial repayment
Saldo akhir 2,936,549 67,134 48,991 3,052,674 4,400,646 7,453,320 Ending balance
2022
Konvensional/Conventional
Tahap/ Tahap/ Tahap/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Total Sharia Total
Saldo awal 2,030,990 67,164 38,584 2,136,738 2,318,820 4,455,558 Beginning balance
Perubahan piutang pembiayaan Changes in consumer financing
konsumen berdasarkan receivable based on transfer
perpindahan antar tahapan within stages
Pindah ke Tahap 1 10,287 (10,001) (286) - - - Transfer to Stage 1
Pindah ke Tahap 2 (34,325) 34,722 (397) - - - Transfer to Stage 2
Pindah ke Tahap 3 (75,808) (22,367) 98,175 - - - Transfer to Stage 3
Total perpindahan antar tahapan (99,846) 2,354 97,492 - - - Total transfer within stages
Penambahan piutang pembiayaan New additional of consumer
konsumen baru 2,023,090 - - 2,023,090 2,309,831 4,332,921 financing receivable
Pindah ke Tahap 2 dan 3 (54,664) 42,088 12,576 - - - Transfer to Stage 2 and 3
Penghapusbukuan piutang Write-off of consumer financing
pembiayaan konsumen - - (68,783) (68,783) (92,531) (161,314) receivable
Pelunasan penuh dan pembayaran sebagian (1,483,619) (44,870) (30,586) (1,559,075) (1,149,266) (2,708,341) Fully settlement and partial repayment
Saldo akhir 2,415,951 66,736 49,283 2,531,970 3,386,854 5,918,824 Ending balance
Halaman – 5/121 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 771
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES (continued)
Mutasi cadangan kerugian penurunan nilai atas piutang The movements of allowance for impairment losses on
pembiayaan konsumen adalah: consumer financing receivables were as follows:
2024
Konvensional/Conventional
Tahap/ Tahap/ Tahap/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Total Sharia Total
Saldo awal 15,177 14,015 31,202 60,394 81,382 141,776 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 2,072 (1,013) (1,059) - - - Transfer to Stage 1
Pindah ke Tahap 2 (1,460) 1,729 (269) - - - Transfer to Stage 2
Pindah ke Tahap 3 (266) (425) 691 - - - Transfer to Stage 3
Total perpindahan antar tahapan 346 291 (637) - - - Total transfer within stages
Piutang pembiayaan konsumen yang baru diberikan 36,791 - - 36,791 23,317 60,108 New consumer financing receivables originated
Pindah ke Tahap 2 dan 3 (13,870) 6,350 7,520 - - - Transfer to Stage 2 and 3
Pelunasan penuh (3,853) (4,428) (5,519) (13,800) (13,160) (26,960) Fully settlement
Perubahan pada risiko kredit 11,385 9,779 146,907 168,071 160,488 328,559 Change in credit risk
Total yang dibebankan/(dikreditkan) pada laba rugi 30,453 11,701 148,908 191,062 170,645 361,707 Total charged/(credited) to profit or loss
Penghapusan selama tahun berjalan - - (150,465) (150,465) (150,744) (301,209) Write off during the year
Saldo akhir 45,976 26,007 29,008 100,991 101,283 202,274 Ending balance
2023
Konvensional/Conventional
Tahap/ Tahap/ Tahap/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Total Sharia Total
Saldo awal 14,573 15,742 30,202 60,517 50,018 110,535 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 7,970 (2,367) (5,603) - - - Transfer to Stage 1
Pindah ke Tahap 2 (561) 2,655 (2,094) - - - Transfer to Stage 2
Pindah ke Tahap 3 (263) (949) 1,212 - - - Transfer to Stage 3
Total perpindahan antar tahapan 7,146 (661) (6,485) - - - Total transfer within stages
Piutang pembiayaan konsumen yang baru diberikan 38,558 - - 38,558 35,897 74,455 New consumer financing receivables originated
Pindah ke Tahap 2 dan 3 (26,740) 7,217 19,523 - - - Transfer to Stage 2 and 3
Pelunasan penuh (7,287) (10,868) (19,145) (37,300) (26,281) (63,581) Fully settlement
Perubahan pada risiko kredit (11,073) 2,585 103,108 94,620 187,864 282,484 Change in credit risk
Total yang dibebankan/(dikreditkan) pada laba rugi (6,542) (1,066) 103,486 95,878 197,480 293,358 Total charged/(credited) to profit or loss
Penghapusan selama tahun berjalan - - (96,001) (96,001) (166,116) (262,117) Write off during the year
Saldo akhir 15,177 14,015 31,202 60,394 81,382 141,776 Ending balance
2022
Konvensional/Conventional
Tahap/ Tahap/ Tahap/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Stage 3 Total Sharia Total
Saldo awal 15,297 14,048 18,347 47,692 19,337 67,029 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 2,224 (2,091) (133) - - - Transfer to Stage 1
Pindah ke Tahap 2 (390) 580 (190) - - - Transfer to Stage 2
Pindah ke Tahap 3 (557) (2,830) 3,387 - - - Transfer to Stage 3
Total perpindahan antar tahapan 1,277 (4,341) 3,064 - - - Total transfer within stages
Piutang pembiayaan konsumen yang baru diberikan 29,411 - - 29,411 57,731 87,142 New consumer financing receivables originated
Pindah ke Tahap 2 dan 3 (17,801) 10,216 7,585 - - - Transfer to Stage 2 and 3
Pelunasan penuh dan pembayaran sebagian (8,461) (7,035) (13,622) (29,118) (15,592) (44,710) Fully settlement and partial repayment
Perubahan pada risiko kredit (5,150) 2,854 83,611 81,315 81,073 162,388 Change in credit risk
Total yang dibebankan/(dikreditkan) pada laba rugi (2,001) 6,035 77,574 81,608 123,212 204,820 Total charged/(credited) to profit or loss
Penghapusan selama tahun berjalan - - (68,783) (68,783) (92,531) (161,314) Write off during the year
Saldo akhir 14,573 15,742 30,202 60,517 50,018 110,535 Ending balance
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for impairments
kerugian penurunan nilai yang dibentuk telah memadai. losses is adequate.
Tingkat bunga rata-rata per tahun untuk piutang The average annual interest rate of consumer financing
pembiayaan konsumen adalah sebesar 16,72% untuk receivables is 16.72% for the year ended
tahun yang berakhir 31 Desember 2024 (2023: 17,01%; 31 December 2024 (2023: 17.01%; 2022: 17.30%).
2022: 17,30%).
Piutang pembiayaan konsumen dijamin dengan Bukti Consumer financing receivables are secured by Vehicle
Pemilikan Kendaraan Bermotor (“BPKB”) atas kendaraan Ownership Certificates (“BPKB”) of financed assets.
yang dibiayai.
Halaman – 5/122 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 772
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCE RECEIVABLES AND PAYABLES
a. Berdasarkan mata uang a. By currency
2024 2023 2022
Tagihan akseptasi Acceptance receivables
Rupiah 1,541,311 661,079 1,101,079 Rupiah
Mata uang asing 1,220,489 441,012 1,005,517 Foreign currencies
2,761,800 1,102,091 2,106,596
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (9,833) (8,638) (19,833) impairment losses
2,751,967 1,093,453 2,086,763
Liabilitas akseptasi Acceptance payables
Rupiah 1,541,311 661,079 1,101,079 Rupiah
Mata uang asing 1,220,489 441,012 1,005,517 Foreign currencies
2,761,800 1,102,091 2,106,596
b. Berdasarkan kolektibilitas dan tahapan b. By collectability and staging
Berdasarkan tahapan By staging
2024 2023 2022
Tagihan akseptasi Acceptance receivables
Konvensional Conventional
Tahap 1 2,376,917 1,012,049 1,602,394 Stage 1
Tahap 2 194,650 52,770 356,056 Stage 2
Tahap 3 9,167 9,842 9,573 Stage 3
2,580,734 1,074,661 1,968,023
Syariah 181,066 27,430 138,573 Sharia
2,761,800 1,102,091 2,106,596
Dikurangi: Cadangan kerugian penurunan nilai (9,833) (8,638) (19,833) Less: Allowance for impairment losses
Jumlah 2,751,967 1,093,453 2,086,763 Total
Mutasi tagihan akseptasi berdasarkan tahapan The movement of acceptance receivables based on
adalah: staging is as follows:
2024
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/
Stage 1 Stage 2 Collective Individual Total
Konvensional Conventional
Saldo awal 1,012,049 52,770 - 9,842 1,074,661 Beginning balance
Perubahan tagihan akseptasi berdasarkan Changes in acceptance receivables
perpindahan antar tahapan based on transfer within stages
Pindah ke Tahap 1 17,114 (17,114) - - - Transfer to Stage 1
Pindah ke Tahap 2 (2,011) 2,011 - - - Transfer to Stage 1
Total perpindahan antar tahapan 15,103 (15,103) - - - Total transfer within stages
Penambahan tagihan akseptasi baru 1,336,257 - - - 1,336,257 New additional of acceptance receivable
Pindah ke Tahap 2 (145,016) 145,016 - - - Transfer to Stage 2
Pelunasan penuh (241,959) - - - (241,959) Fully settlement
Perubahan lainnya pada tagihan akseptasi 400,483 11,967 - (675) 411,775 Other Change in acceptance receivable
Saldo akhir 2,376,917 194,650 - 9,167 2,580,734 Ending balance
Syariah 181,066 Sharia
Jumlah 2,761,800 Total
Halaman – 5/123 – Page
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Page 773
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
b. Berdasarkan kolektibilitas dan tahapan (lanjutan) b. By collectability and staging (continued)
Mutasi tagihan akseptasi berdasarkan tahapan The movement of acceptance receivables based on
adalah: staging is as follows:
2023
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/
Stage 1 Stage 2 Collective Individual Total
Konvensional Conventional
Saldo awal 1,602,394 356,056 - 9,573 1,968,023 Beginning balance
Perubahan tagihan akseptasi berdasarkan Changes in acceptance receivables
perpindahan antar tahapan based on transfer within stages
Pindah ke Tahap 1 78,798 (78,798) - - - Transfer to Stage 1
Pindah ke Tahap 2 (1,453) 1,453 - - - Transfer to Stage 2
Total perpindahan antar tahapan 77,345 (77,345) - - - Total transfer within stages
Penambahan tagihan akseptasi baru 81,201 - - - 81,201 New additional of acceptance receivable
Pindah ke Tahap 2 (17,046) 17,046 - - - Transfer to Stage 2
Pelunasan penuh (453,877) (80,150) - - (534,027) Fully settlement
Perubahan lainnya pada tagihan akseptasi (277,968) (162,837) - 269 (440,536) Other Change in acceptance receivable
Saldo akhir 1,012,049 52,770 - 9,842 1,074,661 Ending balance
Syariah 27,430 Sharia
Jumlah 1,102,091 Total
2022
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/
Stage 1 Stage 2 Collective Individual Total
Konvensional Conventional
Saldo awal 1,694,940 797,736 - 20,635 2,513,311 Beginning balance
Perubahan tagihan akseptasi berdasarkan Changes in acceptance receivables
perpindahan antar tahapan based on transfer within stages
Pindah ke Tahap 1 465,330 (465,330) - - - Transfer to Stage 1
Pindah ke Tahap 2 (32,145) 32,145 - - - Transfer to Stage 2
Total perpindahan antar tahapan 433,185 (433,185) - - - Total transfer within stages
Penambahan tagihan akseptasi baru 393,564 - - - 393,564 New additional of acceptance receivable
Pindah ke Tahap 2 (181,542) 181,542 - - - Transfer to Stage 2
Pelunasan penuh dan pembayaran sebagian (737,753) (190,037) - (11,062) (938,852) Full and partial repayment
Saldo akhir 1,602,394 356,056 - 9,573 1,968,023 Ending balance
Syariah 138,573 Sharia
Jumlah 2,106,596 Total
c. Berdasarkan transaksi dengan pihak berelasi c. By transactions with related party
Pada tanggal 31 Desember 2024, 2023 dan 2022, As at 31 December 2024, 2023 and 2022, there were
tidak terdapat tagihan dan liabilitas akseptasi yang no acceptance receivables and payables from related
berasal dari pihak berelasi. party.
Halaman – 5/124 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 774
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
d. Berdasarkan jangka waktu perjanjian d. By term of agreements
Tagihan dan liabilitas akseptasi berdasarkan jangka The acceptance receivables and payables classified
waktu perjanjian adalah: according to term of agreements were as follows:
2024 2023 2022
Tagihan akseptasi Acceptance receivables
Rupiah Rupiah
< 1 bulan 6,542 1,728 9,687 < 1 month
> 1 - ≤ 3 bulan 193,900 92,609 208,115 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 1,282,952 534,987 871,006 > 3 - ≤ 6 months
> 6 bulan 57,917 31,755 12,271 > 6 months
1,541,311 661,079 1,101,079
Mata uang asing Foreign currencies
< 1 bulan 26,827 8,759 17,277 < 1 month
> 1 - ≤ 3 bulan 149,912 164,223 288,116 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 964,391 256,902 665,302 > 3 - ≤ 6 months
> 6 bulan 79,359 11,128 34,822 > 6 months
1,220,489 441,012 1,005,517
2,761,800 1,102,091 2,106,596
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (9,833) (8,638) (19,833) impairment losses
2,751,967 1,093,453 2,086,763
Liabilitas akseptasi Acceptance payables
Rupiah Rupiah
< 1 bulan 6,542 1,728 9,687 < 1 month
> 1 - ≤ 3 bulan 193,900 92,609 208,115 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 1,282,952 534,987 871,006 > 3 - ≤ 6 months
> 6 bulan 57,917 31,755 12,271 > 6 months
1,541,311 661,079 1,101,079
Mata uang asing Foreign currencies
< 1 bulan 26,827 8,759 17,277 < 1 month
> 1 - ≤ 3 bulan 149,912 164,223 288,116 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 964,391 256,902 665,302 > 3 - ≤ 6 months
> 6 bulan 79,359 11,128 34,822 > 6 months
1,220,489 441,012 1,005,517
2,761,800 1,102,091 2,106,596
Halaman – 5/125 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 775
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
e. Berdasarkan jatuh tempo e. By maturity date
Tagihan dan liabilitas akseptasi berdasarkan sisa The acceptance receivables and payables
umur sampai dengan jatuh tempo adalah: classification according to remaining period to
maturity were as follows:
2024 2023 2022
Tagihan akseptasi Acceptance receivables
Rupiah Rupiah
< 1 bulan 448,293 209,944 370,953 < 1 month
> 1 - ≤ 3 bulan 592,245 345,697 509,111 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 500,773 105,438 221,015 > 3 - ≤ 6 months
1,541,311 661,079 1,101,079
Mata uang asing Foreign currencies
< 1 bulan 370,937 170,430 274,886 < 1 month
> 1 - ≤ 3 bulan 274,797 178,880 443,185 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 574,755 86,058 287,446 > 3 - ≤ 6 months
> 6 bulan - 5,644 - > 6 months
1,220,489 441,012 1,005,517
2,761,800 1,102,091 2,106,596
Dikurangi: Cadangan kerugian Less: Allowance for
penuruanan nilai (9,833) (8,638) (19,833) expected losses
2,751,967 1,093,453 2,086,763
Liabilitas akseptasi Acceptance payables
Rupiah Rupiah
< 1 bulan 448,293 209,944 370,953 < 1 month
> 1 - ≤ 3 bulan 592,245 345,697 509,111 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 500,773 105,438 221,015 > 3 - ≤ 6 months
1,541,311 661,079 1,101,079
Mata uang asing Foreign currencies
< 1 bulan 370,937 170,430 274,886 < 1 month
> 1 - ≤ 3 bulan 274,797 178,880 443,185 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 574,755 86,058 287,446 > 3 - ≤ 6 months
> 6 bulan - 5,644 - > 6 months
1,220,489 441,012 1,005,517
2,761,800 1,102,091 2,106,596
Halaman – 5/126 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 776
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
f. Cadangan kerugian penurunan nilai f. Allowance for impairment losses
Mutasi cadangan kerugian penurunan nilai tagihan The movements of allowance for impairment losses
akseptasi adalah: of acceptance receivables is as follows:
2024
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 390 797 - 7,451 8,638 - 8,638 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 620 (620) - - - - - Transfer to Stage 1
Pindah ke Tahap 2 (1) 1 - - - - - Transfer to Stage 2
Total perpindahan antar tahapan 619 (619) - - - - - Total transfer within stages
Tagihan akseptasi yang baru diberikan 1,186 - - - 1,186 - 1,186 New acceptance receivable originated
Pindah ke Tahap 2 (480) 480 - - - - - Transfer to Stage 2
Pelunasan penuh (52) - - - (52) - (52) Fully settlement
Perubahan pada risiko kredit (506) 128 - 439 61 - 61 Change in credit risk
Total yang dibebankan pada laba rugi 148 608 - 439 1,195 - 1,195 Total charged to profit or loss
Saldo akhir 1,157 786 - 7,890 9,833 - 9,833 Ending balance
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 2,068 10,428 - 7,337 19,833 - 19,833 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 1 (1) - - - - - Transfer to Stage 1
Total perpindahan antar tahapan 1 (1) - - - - - Total transfer within stages
Tagihan akseptasi yang baru diberikan 500 - - - 500 - 500 New acceptance receivable originated
Pindah ke Tahap 2 (490) 490 - - - - - Transfer to Stage 2
Pelunasan penuh (1,701) (2,592) - - (4,293) - (4,293) Fully settlement
Perubahan pada risiko kredit 12 (7,528) - 114 (7,402) - (7,402) Change in credit risk
Total yang (dikreditkan)/dibebankan pada laba rugi (1,679) (9,630) - 114 (11,195) - (11,195) Total (credited)/charged to profit or loss
Saldo akhir 390 797 - 7,451 8,638 - 8,638 Ending balance
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 3,544 21,813 - 14,209 39,566 - 39,566 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 249 (249) - - - - - Transfer to Stage 1
Pindah ke Tahap 2 (10) 10 - - - - - Transfer to Stage 2
Total perpindahan antar tahapan 239 (239) - - - - - Total transfer within stages
Tagihan akseptasi yang baru diberikan 493 - - - 493 - 493 New acceptance receivable originated
Pindah ke Tahap 2 (53) 53 - - - - - Transfer to Stage 2
Pelunasan penuh dan pembayaran sebagian (10) (16,607) - (6,872) (23,489) - (23,489) Full or partial repayment
Perubahan pada risiko kredit (2,145) 5,408 - - 3,263 - 3,263 Change in credit risk
Total yang dikreditkan pada laba rugi (1,715) (11,146) - (6,872) (19,733) - (19,733) Total credited to profit or loss
Saldo akhir 2,068 10,428 - 7,337 19,833 - 19,833 Ending balance
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai yang dibentuk cukup untuk impairment losses is adequate to cover losses arising
menutup kerugian yang timbul akibat tidak tertagihnya from uncollectible acceptance receivable.
tagihan akseptasi.
Halaman – 5/127 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 777
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. PENYERTAAN 15. INVESTMENTS
2024 2023 2022
Penyertaan 24,214 4,214 4,214 Investment
Perubahan pada nilai wajar (1,071) (555) (555) Changes in fair value
23,143 3,659 3,659
Pada tanggal 25 September 2024, Bank CIMB Niaga telah As at 25 September 2024, Bank CIMB Niaga has invested
melakukan penanaman modal pada PT Kliring Penjaminan in shares to PT Kliring Penjaminan Efek Indonesia ("KPEI")
Efek Indonesia ("KPEI") sejumlah 2.500 (nilai penuh) as amounting to 2,500 (full amount) shares or equivalent
lembar saham atau senilai Rp 20.000, sesuai dengan surat with Rp 20,000, according to the approval of OJK
persetujuan dari OJK No.S-278/PB.32.2024 perihal No. S-278/PB.32.2024 about participation of Bank in
penyertaan modal dalam rangka pembentukan Centralized the Centralized Counterparty Clearing for Interest Rate and
Counterparty Clearing untuk Transaksi Derivatif Suku Exchange Rate Derivative Transaction (CCP-SBNT).
Bunga (CCP-SBNT).
Penyertaan saham adalah sebagai berikut: The details of investments in shares were as follows:
2024 2023 2022
Persentase Nilai Persentase Nilai Persentase Nilai
kepemilikan/ nominal/ kepemilikan/ nominal/ kepemilikan/ nominal/
Jenis usaha/ Percentage of Face Percentage of Face Percentage of Face
Nature of ownership value ownership value ownership value
business (%) Rp (%) Rp (%) Rp
Pihak Ketiga Third parties
PT Kliring Penjaminan Jasa Kliring/ 1.11 20,000 - - - - PT Kliring Penjaminan
Efek Indonesia (“KPEI’) Clearing service Efek Indonesia (“KPEI’)
PT Bank Muamalat Perbankan/ 0.13 1,000 0.13 1,000 0.13 1,000 PT Bank Muamalat
Indonesia Tbk Banking Indonesia Tbk
PT Sarana Jatim Ventura Modal Ventura/ 5.81 500 5.81 500 5.81 500 PT Sarana Jatim Ventura
Venture Capital
PT Sarana Yogya Ventura Modal Ventura/ 3.89 300 3.89 300 3.89 300 PT Sarana Yogya Ventura
Venture Capital
PT Sarana Sumbar Ventura Modal Ventura/ 3.37 250 3.37 250 3.37 250 PT Sarana Sumbar Ventura
Venture Capital
PT Sarana Bali Ventura Modal Ventura/ 3.81 250 3.81 250 3.81 250 PT Sarana Bali Ventura
Venture Capital
PT Sarana Sulsel Ventura Modal Ventura/ 2.89 250 2.89 250 2.89 250 PT Sarana Sulsel Ventura
Venture Capital
PT Sarana Jateng Ventura Modal Ventura/ 2.62 250 2.62 250 2.62 250 PT Sarana Jateng Ventura
Venture Capital
PT Bhakti Sarana Ventura Modal Ventura/ 2.71 225 2.71 225 2.71 225 PT Bhakti Sarana Ventura
Venture Capital
PT Sarana Papua Ventura Modal Ventura/ 5.63 200 5.63 200 5.63 200 PT Sarana Papua Ventura
Venture Capital
PT Sarana Lampung Ventura Modal Ventura/ 2.52 150 2.52 150 2.52 150 PT Sarana Lampung Ventura
Venture Capital
PT Sarana Surakarta Ventura Modal Ventura/ 1.85 150 1.85 150 1.85 150 PT Sarana Surakarta Ventura
Venture Capital
PT Sarana Kalbar Ventura Modal Ventura/ 2.45 100 2.45 100 2.45 100 PT Sarana Kalbar Ventura
Venture Capital
PT Sarana Sulut Ventura Modal Ventura/ 2.85 100 2.85 100 2.85 100 PT Sarana Sulut Ventura
Venture Capital
PT Sarana Maluku Ventura Modal Ventura/ 2.73 100 2.73 100 2.73 100 PT Sarana Maluku Ventura
Venture Capital
PT Sarana Jambi Ventura Modal Ventura/ 2.24 100 2.24 100 2.24 100 PT Sarana Jambi Ventura
Venture Capital
PT Sarana Riau Ventura Modal Ventura/ 1.35 100 1.35 100 1.35 100 PT Sarana Riau Ventura
Venture Capital
PT Sarana Aceh Ventura Modal Ventura/ 1.32 100 1.32 100 1.32 100 PT Sarana Aceh Ventura
Venture Capital
Lainnya Lembaga pembiayaan/ Others
(dibawah Rp 100 juta) - nilai penuh Leasing 0.05 - 1.52 89 0.05 - 1.52 89 0.05 - 1.52 89 (under Rp 100 millions) - full amount
24,214 4,214 4,214
Perubahan pada nilai wajar (1,071) (555) (555) Changes in fair value
23,143 3,659 3,659
Halaman – 5/128 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 778
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP 16. FIXED ASSETS
Aset tetap terdiri dari: Fixed assets consist of the following:
2024 2023 2022
Kepemilikan langsung 6,406,986 6,425,865 6,585,008 Direct ownership
Aset hak- guna 396,509 348,871 462,660 Right-of-use assets
6,803,495 6,774,736 7,047,668
2024
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December
Kepemilikan langsung Direct ownership
Harga perolehan/revaluasi Cost/revaluation
Tanah 3,602,699 - (47,474) - 3,555,225 Land
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 2,330,318 5 (459,785) 25,362 1,895,900 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 2,688,184 1,642 (234,771) 280,256 2,735,311 and furnitures
Kendaraan bermotor 29,555 - (646) - 28,909 Motor vehicles
8,650,756 1,647 (742,676) 305,618 8,215,345
Aset dalam penyelesaian 185,638 511,253 - (305,618) 391,273 Assets in progress
8,836,394 512,900 (742,676) - 8,606,618
Akumulasi penyusutan Accumulated depreciation
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 681,950 125,524 (444,014) - 363,460 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 1,714,660 312,982 (207,732) - 1,819,910 and furnitures
Kendaraan bermotor 13,919 2,976 (633) - 16,262 Motor vehicles
2,410,529 441,482 (652,379) - 2,199,632
Nilai buku bersih 6,425,865 6,406,986 Net book value
2024
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Disposals December
Aset hak-guna Right-of-use assets
Harga perolehan Cost
Bangunan 653,133 133,647 (72,559) 714,221 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 73,548 123,500 (104,920) 92,128 and furnitures
Kendaraan bermotor 252 - (252) - Motor vehicles
726,933 257,147 (177,731) 806,349
Akumulasi penyusutan Accumulated depreciation
Bangunan 314,047 156,054 (74,229) 395,872 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 63,795 20,146 (69,973) 13,968 and furnitures
Kendaraan bermotor 220 32 (252) - Motor vehicles
378,062 176,232 (144,454) 409,840
Nilai buku bersih 348,871 396,509 Net book value
i y
Halaman – 5/129 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 779
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
2023
Selisih penilaian
kembali aset tetap/
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ Revaluation of 31 Desember/
January Additions Disposals Reclassification fixed assets December
Kepemilikan langsung Direct ownership
Harga perolehan/revaluasi Cost/revaluation
Tanah 3,591,997 9,710 - - 992 3,602,699 Land
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 2,098,590 - (2,584) 234,128 184 2,330,318 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 2,658,552 4,148 (198,988) 224,472 - 2,688,184 and furnitures
Kendaraan bermotor 22,350 7,775 (570) - - 29,555 Motor vehicles
8,371,489 21,633 (202,142) 458,600 1,176 8,650,756
Aset dalam penyelesaian 381,525 262,713 - (458,600) - 185,638 Assets in progress
8,753,014 284,346 (202,142) - 1,176 8,836,394
Akumulasi penyusutan Accumulated depreciation
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 557,110 127,424 (2,584) - - 681,950 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 1,598,711 312,416 (196,467) - - 1,714,660 and furnitures
Kendaraan bermotor 12,185 2,304 (570) - - 13,919 Motor vehicles
2,168,006 442,144 (199,621) - - 2,410,529
Nilai buku bersih 6,585,008 6,425,865 Net book value
2023
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Disposals December
Aset hak-guna Right-of-use assets
Harga perolehan Cost
Bangunan 865,676 49,333 (261,876) 653,133 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 77,590 - (4,042) 73,548 and furnitures
Kendaraan bermotor 48,073 - (47,821) 252 Motor vehicles
991,339 49,333 (313,739) 726,933
Akumulasi penyusutan Accumulated depreciation
Bangunan 432,463 126,587 (245,003) 314,047 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 51,446 15,706 (3,357) 63,795 and furnitures
Kendaraan bermotor 44,770 60 (44,610) 220 Motor vehicles
528,679 142,353 (292,970) 378,062
Nilai buku bersih 462,660 348,871 Net book value
Halaman – 5/130 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 780
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
2022
Selisih penilaian
kembali aset tetap/
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ Revaluation of 31 Desember/
January Additions Disposals Reclassification fixed assets December
Kepemilikan langsung Direct ownership
Harga perolehan/revaluasi Cost/revaluation
Tanah 3,050,639 1,017 (21,606) - 561,947 3,591,997 Land
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 2,070,353 - (216,211) 49,121 195,327 2,098,590 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 2,733,146 5,169 (329,438) 249,675 - 2,658,552 and furnitures
Kendaraan bermotor 22,191 1,936 (1,777) - - 22,350 Motor vehicles
7,876,329 8,122 (569,032) 298,796 757,274 8,371,489
Aset dalam penyelesaian 386,856 293,465 - (298,796) - 381,525 Assets in progress
8,263,185 301,587 (569,032) - 757,274 8,753,014
Akumulasi penyusutan Accumulated depreciation
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 655,464 115,954 (214,308) - - 557,110 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 1,600,184 320,438 (321,911) - - 1,598,711 and furnitures
Kendaraan bermotor 11,686 2,126 (1,627) - - 12,185 Motor vehicles
2,267,334 438,518 (537,846) - - 2,168,006
Nilai buku bersih 5,995,851 6,585,008 Net book value
Rincian (kerugian)/keuntungan penjualan aset tetap (lihat Details of (losses)/gains from the sale of fixed assets (refer
Catatan 43) adalah: to Note 43) were as follows:
2024 2023 2022
Hasil penjualan aset tetap 8,382 5,848 18,955 Proceeds from sale of fixed assets
Nilai buku bersih (21,574) (772) (22,535) Net book value
(Kerugian)/keuntungan penjualan aset tetap (13,192) 5,076 (3,580) (Losses)/gains from the sale of fixed assets
2022
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Disposals December
Aset hak-guna Right-of-use assets
Harga perolehan Cost
Bangunan 891,635 63,471 (89,430) 865,676 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 70,992 6,598 - 77,590 and furnitures
Kendaraan bermotor 48,073 - - 48,073 Motor vehicles
1,010,700 70,069 (89,430) 991,339
Akumulasi penyusutan Accumulated depreciation
Bangunan 311,722 144,750 (24,009) 432,463 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 35,112 16,334 - 51,446 and furnitures
Kendaraan bermotor 36,907 7,863 - 44,770 Motor vehicles
383,741 168,947 (24,009) 528,679
Nilai buku bersih 626,959 462,660 Net book value
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Page 781
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
Pengurangan aset tetap termasuk penghapusbukuan aset The disposals of fixed assets include the write-off,
tetap berupa bangunan termasuk renovasi dan instalasi, damaged and after unused buildings including renovation
perlengkapan, mesin dan perabot kantor, dan kendaraan and instalations, office equipments, machines and
bermotor yang rusak dan tidak terpakai dengan nilai buku furnitures, and motor vehicles, with book value of
sebesar Rp 68.723 untuk tahun yang berakhir Rp 68,723 for the year ended 31 December 2024
31 Desember 2024 (2023: Rp 1.749; 2022: Rp 8.651). (2023: Rp 1,749; 2022: Rp 8,651).
Bank memiliki tanah dengan sertifikat Hak Guna Bangunan Bank has land with “Hak Guna Bangunan” (“HGB”) titles
(“HGB”) yang mempunyai masa manfaat 20 (dua puluh) which have an economic useful life of 20 (twenty) to 30
hingga 30 (tiga puluh) tahun. Masa berlaku Hak Guna (thirty) years. The landrights (“HGB”) have expiry date
Bangunan (“HGB”) berakhir antara 2025 sampai dengan ranging from 2025 until 2053. Management believes that
2053. Manajemen berpendapat tidak terdapat masalah there will be no difficulty in obtaining the extension of the
dengan perpanjangan hak atas tanah karena seluruh tanah landrights as all the land was acquired legally and was
diperoleh secara sah dan didukung dengan bukti supported by sufficient evidence of ownership. For HGB
kepemilikan yang memadai. Untuk HGB yang sudah which has expired, as of the date of these consolidated
berakhir, per tanggal laporan keuangan konsolidasian ini financial statements it is in the process of being extended.
sedang dalam proses perpanjangan.
Seluruh aset tetap yang ada pada tanggal All of the fixed assets as at 31 December 2024, 2023 and
31 Desember 2024, 2023, dan 2022, digunakan untuk 2022, were fully used to support Bank CIMB Niaga and
menunjang aktivitas operasi Bank CIMB Niaga dan Entitas Subsidiaries’ operation activities. As at 31 December 2024,
Anak. Pada tanggal 31 Desember 2024, beberapa aset several assets were fully depreciated and still used by Bank
tersebut sudah disusutkan penuh dan masih digunakan CIMB Niaga and Subsidiaries in its operation amounting to
dalam operasi Bank CIMB Niaga dan Entitas Anak sebesar Rp 831,151 (2023: Rp 1,161,347; 2022: Rp 1,119,938).
Rp 831.151 (2023: Rp 1.161.347; 2022: Rp 1.119.938).
Pada tanggal 31 Desember 2024, aset tetap berupa As at 31 December 2024, fixed assets including buildings
bangunan dan kendaraan bermotor telah diasuransikan and motor vehicles has been insured against fire, theft and
terhadap risiko kebakaran, kecurian dan risiko lainnya other risks to PT Lippo General Insurance Tbk with an
kepada PT Lippo General Insurance Tbk dengan nilai insurance amounting to Rp 7,730,286 and USD 5.28 million
pertanggungan sebesar Rp 7.730.286 dan USD 5,28 juta (2023: Rp 6,644,852 and USD 5.28 million;
(2023: Rp 6.644.852 dan USD 5,28 juta; 2022: Rp 6,683,530 and USD 5.61 million). Management
2022: Rp 6.683.530 dan USD 5,61 juta). Manajemen believes that the insured amount is adequate to cover
berpendapat bahwa nilai pertanggungan tersebut cukup possible losses of these assets.
untuk menutup kemungkinan kerugian atas aset yang
diasuransikan.
Manajemen berpendapat tidak terdapat indikasi penurunan Management believes that there is no indication of fixed
nilai atas aset tetap yang dimiliki Bank CIMB Niaga dan asset impairment in the value of Bank CIMB Niaga and
Entitas Anak. Subsidiaries fixed assets.
Aset dalam penyelesaian terdiri dari bangunan termasuk Assets in progress comprised of the buildings including
renovasi dan instalasi, perlengkapan, mesin, dan perabot renovation and installations, office equipments, machines,
kantor. Konstruksi tersebut diperkirakan akan selesai di and furnitures. Those constructions are estimated to be
tahun 2025 sampai dengan tahun 2026 dengan persentase completed in 2025 until 2026 with current percentages of
penyelesaian hingga saat ini adalah 70% - 80%. completion of 70% - 80%.
Tidak terdapat aset tetap yang digunakan Bank CIMB There are no fixed assets pledged by Bank CIMB Niaga
Niaga dan Entitas Anak sebagai jaminan pinjaman. and Subsidiaries for collateral.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
Revaluasi aset tetap Revaluation fixed assets
Pada tanggal 31 Januari 2023, terdapat penambahan As at 31 January 2023, there was additional of revaluation
penilaian kembali aset tetap atas satu lokasi of fixed assets in one location of land and building which
tanah dan bangunan yang dilakukan oleh performed by the following external independent valuer,
penilai independen eksternal, KJPP Rizki Djunaedy & KJPP Rizki Djunaedy & Rekan which stated in
Rekan yang tertuang dalam Ringkasan Laporan the Summary Valuation Report No. KJPP 00011/2.
Penilaian No. KJPP 00011/2.0017-07/PI/07/00594/1/I/2023 0017-07/PI/07/00594/1/I/2023 dated 31 January 2023
tertanggal 31 Januari 2023 yang ditandatangani oleh which signed by H. Wiyarso, SE., MM., MAPPI (Cert),
H. Wiyarso, SE., MM., MAPPI (Cert), Ijin Penilai Menkeu Ijin Penilai Menkeu R.I. No. P-1.21.00594, MAPPI
R.I. No. P-1.21.00594, MAPPI No. 14-S-04932. No. 14-S-04932.
Penambahan penilaian kembali aset tetap pada Januari The addition of the revaluation of fixed assets in January
2023 tersebut menambah nilai selisih penilaian kembali 2023 increase the reserve on revaluation of fixed assets of
aset tetap sebesar Rp 1.176 (tanah: Rp 992 dan bangunan: Rp 1,176 (land: Rp 992 and buildings: Rp 184).
Rp 184).
Penilaian atas nilai wajar aset tetap dilakukan secara Valuation of fixed assets at fair value are performed
berkala 3 tahun. Pada tanggal 1 Januari 2022 (sebelumnya regularly 3 years. On 1 January 2022 (previously was
telah direvaluasi pada tanggal 1 Januari 2019), Bank CIMB revaluated on 1 January 2019), Bank CIMB Niaga did
Niaga melakukan penilaian kembali aset tetap yang revaluation again of their fixed assets which performed by
dilakukan oleh penilai independen eksternal, KJPP the following external independent valuer, KJPP Antonius
Antonius Setiady & Rekan dalam Ringkasan Laporan Setiady & Rekan in the Summary Valuation Report
Penilaian No. KJPP 00063/2.0029-00/PI/07/0007/I/III/2022 No. KJPP 00063/2.0029-00/PI/07/0007/I/III/2022 dated
tertanggal 11 Maret 2022 yang ditandatangani oleh 11 March 2022 which signed by Andrius Hermawan,
Andrius Hermawan, MAPPI (Cert), Ijin Penilai Menkeu R.I. MAPPI (Cert), Ijin Penilai Menkeu R.I. No. P-1.08.00007,
No. P-1.08.00007, MAPPI No. 93-S-00338 atas penilaian MAPPI No. 93-S-00338 of the assets valuation done from
atas aset yang dilakukan pada tanggal 18 November 2021 18 November 2021 to 31 December 2021.
sampai dengan 31 Desember 2021.
Penilaian kembali aset tetap pada Januari 2022 Revaluation of fixed asset on January 2022 has increased
menambah nilai buku sebelum dan sesudah revaluasi dari the carrying value before and after revaluation from
Rp 4.316.164 (tanah: Rp 3.015.455 dan bangunan: Rp 4,316,164 (land: Rp 3,015,455 and building:
Rp 1.300.709) menjadi Rp 5.083.089 (tanah: Rp 3.585.851 Rp 1,300,709) to Rp 5,083,089 (land: Rp 3,585,851 and
dan bangunan: Rp 1.497.238) termasuk koreksi building: Rp 1,497,238) including adjustment of land and
pencatatan atas tanah dan bangunan dari aset tetap buildings from fixed asset to leased asset resulting
menjadi aset sewa yang menghasilkan penyesuaian revaluation surplus adjustment of Rp 9,584 so the increase
surplus revaluasi Rp 9.584 sehingga nilai kenaikan “Selisih and resulting in “Reserve on revaluation of fixed assets”
penilaian kembali aset tetap” pada bagian ekuitas menjadi in the equity section amounting to Rp 757,341.
sebesar Rp 757.341.
Penilaian dilakukan berdasarkan Standar Penilaian Valuations are performed based on Indonesian Valuation
Indonesia, ditentukan berdasarkan transaksi pasar terkini Standards based on reference to recent market
dan dilakukan dengan ketentuan-ketentuan yang lazim. transactions done on arm’s length terms. The valuation
Metode penilaian yang dipakai adalah metode tingkat method used is method level 2 namely market data
2 yaitu metode data pasar dan metode biaya. approach and cost approach. (refer to Note 51)
(lihat Catatan 51)
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
Nilai wajar tingkat 2 atas aset dihitung dengan Level 2 fair values of assets are calculated using the
menggunakan pendekatan perbandingan harga pasar dan comparable market data approach and cost reproduction
estimasi biaya reproduksi baru atau biaya pengganti baru. or cost replacement approach. The approximate market
Harga pasar aset yang paling mendekati disesuaikan prices of comparable assets are adjusted for differences in
dengan perbedaan atribut utama seperti ukuran aset, key attributes such as assets size, location and use of an
lokasi dan penggunaan aset. Untuk kedua pendekatan di asset. For the two above approaches, the most significant
atas, input yang paling signifikan dalam pendekatan input into this valuation approach is price per square meter
penilaian ini adalah asumsi harga per meter. assumptions.
Tidak terdapat perpindahan antar tingkat selama tahun There were no transfers between levels during the year.
berjalan.
Jika tanah dan bangunan dicatat sebesar harga perolehan, If land and buildings were presented on historical cost
maka per 31 Desember 2024, 2023, dan 2022, dicatat basis, as of 31 December 2024, 2023, and 2022, the
dalam jumlah sebagai berikut: amount would be as follows:
2024 2023 2022
Harga perolehan Cost
Tanah 503,628 551,102 541,392 Land
Bangunan 1,058,759 1,493,177 1,261,633 Buildings
Akumulasi penyusutan (930,122) (1,294,172) (1,213,344) Accumulated depreciation
Nilai buku 632,265 750,107 589,681 Net book value
Manajemen berpendapat tidak terdapat perbedaan yang Management believes there is no significant difference
signifikan antara nilai wajar aset tetap dengan nilai between the fair value and carrying value of fixed assets.
tercatatnya.
17. ASET TAKBERWUJUD 17. INTANGIBLE ASSETS
2024
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December
Harga perolehan Cost
Perangkat Lunak 3,749,297 - (14,239) 526,411 4,261,469 Software
Lain-lain 487 487 Others
Aset dalam penyelesaian 617,296 440,951 - (526,411) 531,836 Assets in progress
4,366,593 441,438 (14,239) - 4,793,792
Akumulasi amortisasi Accumulated amortisation
Aset takberwujud 2,291,937 471,123 (13,648) - 2,749,412 Intangible asset
2,291,937 471,123 (13,648) - 2,749,412
Nilai buku bersih 2,074,656 2,044,380 Net book value
2023
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December
Harga perolehan Cost
Perangkat Lunak 3,826,289 1,773 (306,491) 227,726 3,749,297 Software
Aset dalam penyelesaian 427,832 417,190 - (227,726) 617,296 Assets in progress
4,254,121 418,963 (306,491) - 4,366,593
Akumulasi amortisasi Accumulated amortisation
Aset takberwujud 2,177,301 420,951 (306,315) - 2,291,937 Intangible asset
2,177,301 420,951 (306,315) - 2,291,937
Nilai buku bersih 2,076,820 2,074,656 Net book value
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
17. ASET TAKBERWUJUD (lanjutan) 17. INTANGIBLE ASSETS (continued)
2022
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December 2022
Harga perolehan Cost
Perangkat Lunak 3,204,592 13,214 (100) 608,583 3,826,289 Software
Aset dalam penyelesaian 538,307 498,108 - (608,583) 427,832 Assets in progress
3,742,899 511,322 (100) - 4,254,121
Akumulasi amortisasi Accumulated amortisation
Aset takberwujud 1,709,677 467,665 (41) - 2,177,301 Intangible asset
1,709,677 467,665 (41) - 2,177,301
Nilai buku bersih 2,033,222 2,076,820 Net book value
Pengurangan aset takberwujud seluruhnya merupakan All disposal of intangible assets are write-off of unused
penghapusbukuan aset takberwujud yang tidak terpakai intangible assets with net book value of Rp 591 for the
dengan nilai buku bersih sebesar Rp 591 untuk tahun yang year ended 31 December 2024 (2023: Rp 176; 2022:
berakhir 31 Desember 2024 (2023: Rp 176; 2022: Rp 59). Rp 59).
Seluruh aset takberwujud yang ada pada tanggal All of the intangible assets as at 31 December 2024, 2023
31 Desember 2024, 2023, dan 2022, digunakan untuk and 2022 are fully used to support Bank CIMB Niaga and
penunjang aktivitas operasional Bank CIMB Niaga dan Subsidiaries’ operational activities. Several assets are fully
Entitas Anak. Beberapa aset tersebut sudah diamortisasi amortised and still being used by Bank CIMB Niaga and
penuh dan masih digunakan dalam operasi Bank CIMB Subsidiaries in its operation amounting to Rp 978,418
Niaga dan Entitas Anak sebesar Rp 978.418 (2023: Rp 750,349; 2022: Rp 965,272).
(2023: Rp 750.349; 2022: Rp 965.272).
Aset dalam penyelesaian pada tanggal Assets in progress as at 31 December 2024, mainly
31 Desember 2024, sebagian besar berkaitan dengan comprised of application related to banking system
proyek aplikasi-aplikasi banking system yang diperkirakan applications project which are estimated to be completed
selesai di tahun 2025 sampai dengan 2026 dengan in 2025 until 2026 with current percentages of completion
persentase penyelesaian hingga saat ini adalah 70%-80%. of 70%-80%.
18. ASET YANG DIAMBIL ALIH 18. FORECLOSED ASSETS
Aset yang diambil alih untuk penyelesaian kredit dan Foreclosed assets in settlement of loans and consumer
piutang pembiayaan konsumen dicatat dalam akun “Aset financing receivable are included under “Foreclosed
yang Diambil Alih” (“AYDA”). Rincian dalam akun ini Assets” account. The details in this account were as
adalah: follows:
2024 2023 2022
Aset yang diambil alih 682,326 470,293 371,090 Foreclosed assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (263,160) (233,813) (136,538) impairment losses
419,166 236,480 234,552
Sesuai dengan POJK No. 40/POJK.03/2019 tanggal In accordance with POJK No. 40/POJK.03/2019 dated
1 Januari 2020 tentang Penilaian Kualitas Aset Bank 1 January 2020 regarding with Assessment of Asset
Umum, dan khususnya untuk AYDA, Bank CIMB Niaga Quality of Commercial Banks, and particularly on the
dan Entitas Anak senantiasa memantau umur agunan aset foreclosed assets, Bank CIMB Niaga and Subsidiary
yang diambil alih dan berusaha melakukan upaya always monitors the aging of foreclosed assets and tries to
penyelesaian terhadap AYDA yang dimiliki. make efforts to settle its foreclosed assets.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. ASET YANG DIAMBIL ALIH (lanjutan) 18. FORECLOSED ASSETS (continued)
Mutasi cadangan kerugian penurunan nilai AYDA adalah: The changes in allowance for impairment losses of
foreclosed assets were as follows:
2024 2023 2022
Saldo awal 233,813 136,538 145,591 Beginning balance
Pembentukan selama tahun Impairment during the year
berjalan (lihat Catatan 38) 153,054 150,368 40,789 (refer to Note 38)
Pengurangan selama tahun berjalan (123,707) (53,093) (49,842) Release during the year
Saldo akhir 263,160 233,813 136,538 Ending balance
Manajemen berpendapat bahwa cadangan kerugian Management believes that the above allowance for
penurunan nilai yang telah dibentuk adalah cukup untuk impairment losses is adequate to cover possible losses on
menutup kemungkinan kerugian atas AYDA. foreclosed assets.
19. PENDAPATAN BUNGA YANG MASIH AKAN DITERIMA 19. ACCRUED INTEREST INCOME
2024 2023 2022
Piutang bunga dari kredit Interest receivable
yang diberikan 1,792,291 2,037,161 2,016,343 from loans
Piutang bunga dari Interest receivable from
penempatan pada bank lain dan placements with other banks and
Bank Indonesia, efek-efek, Obligasi Bank Indonesia, marketable securities,
Pemerintah dan efek-efek yang dibeli Government Bonds and securities
dengan janji dijual kembali 1,235,420 1,377,036 907,425 purchased under resale agreements
3,027,711 3,414,197 2,923,768
Termasuk ke dalam piutang bunga dari kredit yang Included in interest receivables from loans are profit
diberikan adalah piutang bagi hasil untuk kontrak dengan sharing receivables for contracts with sharia basis.
akad syariah.
20. BEBAN DIBAYAR DI MUKA 20. PREPAID EXPENSES
2024 2023 2022
Insentif dibayar dimuka 381,727 352,295 336,231 Prepaid incentives
Hadiah untuk nasabah 286,852 267,886 220,119 Gifts for customers
Pemeliharaan terkait hardware dan Maintenance of hardware and
software 125,012 109,464 195,215 software
Persediaan dan inventaris kantor 115,569 104,587 55,614 Inventory and office equipment
Sewa 110,433 122,138 55,057 Rental
Beban ditangguhkan terkait pinjaman Deferred expense related to
karyawan 107,054 119,993 131,636 staff loans
Gedung, pemeliharaan dan renovasi 25,765 54,669 61,882 Building, maintenance and renovation
Promosi produk dan komunikasi 14,119 19,337 25,469 Promotion product and communication
Premi asuransi 14,041 11,005 15,416 Insurance premium
Program Kepemilikan Saham (EOP) 9,477 7,427 7,047 Equity Ownership Programme (EOP)
Lainnya 28,430 26,393 15,943 Others
1,218,479 1,195,194 1,119,629
Beban dibayar di muka dari pihak berelasi diungkapkan Prepaid expenses from related parties are disclosed in
dalam Catatan 48. Note 48.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
21. ASET LAIN-LAIN 21. OTHER ASSETS
2024 2023 2022
Tagihan terkait dengan transaksi Receivables related to
ekspor dan impor 680,413 677,554 732,254 export and import transaction
Tagihan terkait dengan transaksi Receivables related to ATM and
ATM dan kartu kredit 417,179 1,016,598 1,162,449 credit card transactions
Piutang Salam 1,150,000 - 2,137,521 Salam Receivable
Tagihan terkait dengan transaksi Receivables related to defaulted
derivatif gagal bayar - 429,499 429,499 derivative transactions
Tagihan Anjak Piutang 134,674 53,177 678,972 Factoring
Properti terbengkalai 60,358 1,739 1,739 Abandoned properties
Setoran jaminan 85,087 36,942 31,593 Security deposits
Tagihan terkait dengan Receivables related to
komisi asuransi 35,833 50,000 45,000 insurance commission
Tagihan atas penjualan efek-efek dan Obligasi Receivables related to the sale of marketable
*) *)
Pemerintah dan Lainnya 3,076,338 2,871,232 1,676,926 securities and Government Bonds and Others
5,639,882 5,136,741 6,895,953
Dikurangi: Less:
Cadangan kerugian penurunan nilai Allowance for impairment losses
atas tagihan terkait transaksi on receivables related to
derivatif gagal bayar - (429,499) (429,499) defaulted derivatives transactions
Cadangan kerugian penurunan nilai Allowance for impairment losses
atas aset lainnya (172,746) (73,209) (220,588) on other assets
(172,746) (502,708) (650,087)
5,467,136 4,634,033 6,245,866
*) Lainnya termasuk tagihan kliring Others include receivable from clearing *)
Atas Tagihan terkait dengan transaksi derivatif gagal bayar For the Receivables related to defaulted derivative
sebesar Rp 429.499 yang telah dicadangkan sepenuhnya transactions is amounting to Rp 429,499 which has been
Bank telah melakukan penghapusbukuan pada tahun yang fully provisioned, Bank has been written off for the year
berakhir 31 Desember 2024. ended 31 December 2024.
Properti terbengkalai merupakan aset tetap yang dimiliki The abandoned properties are fixed assets held by Bank
Bank CIMB Niaga tetapi tidak digunakan untuk kegiatan CIMB Niaga but not used for its customary banking
usaha perbankan yang lazim sesuai dengan POJK business based on POJK No. 40/POJK.03/2019 regarding
No. 40/POJK.03/2019 tentang Penilaian Kualitas Aset Assessment of Asset Quality of Commercial Banks.
Bank Umum.
Properti terbengkalai pada tanggal 31 Desember 2024 The abandoned properties as at 31 December 2024 consist
terdiri atas tanah dan gedung dengan nilai tercatat sebesar of land and building with carrying value amounting to
Rp 60.358 (2023 dan 2022: Rp 1.739). Rp 60,358 (2023 and 2022: Rp 1,739).
Manajemen berpendapat bahwa cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk atas aset lain-lain telah losses on other assets is adequate.
memadai.
Aset lain-lain dengan pihak berelasi diungkapkan pada Other assets with related parties are disclosed in Note 48.
Catatan 48.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. LIABILITAS SEGERA 22. OBLIGATIONS DUE IMMEDIATELY
2024 2023 2022
Titipan transfer 2,336,896 1,535,538 983,122 Transfer liabilities
Titipan merchant 126,890 360,024 531,704 Merchant liabilities
Titipan Visa card 121,474 223,542 165,111 Visa card liabilities
Titipan umum 63,000 113,378 80,119 General liabilities
Titipan Master card 37,658 46,368 60,606 Master card liabilities
Liabilitas atas pembelian efek-efek dan Liabilities related to the purchase of marketable
Obligasi Pemerintah dan Lainnya 1,787,953 1,303,071 1,884,432 securities and Government Bonds and Others
4,473,871 3,581,921 3,705,094
Liabilitas segera dengan pihak berelasi diungkapkan pada Obligations due immediately with related parties are
Catatan 48. disclosed in Note 48.
23. SIMPANAN DARI NASABAH - GIRO 23. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
Berdasarkan mata uang, pihak berelasi, dan pihak By currency, related parties, and third parties
ketiga
2024 2023 2022
Pihak berelasi Related parties
Rupiah 358,268 207,157 200,462 Rupiah
Dolar Amerika Serikat 19,727 11,474 29,642 United States Dollar
377,995 218,631 230,104
Pihak ketiga Third parties
Rupiah 71,115,570 57,199,498 55,796,979 Rupiah
Dolar Amerika Serikat 18,536,259 13,767,387 13,487,186 United States Dollar
Mata uang asing lainnya 1,758,310 2,016,287 825,747 Other foreign currencies
91,410,139 72,983,172 70,109,912
91,788,134 73,201,803 70,340,016
Giro dari pihak berelasi diungkapkan dalam Catatan 48. Demand deposits from related parties are disclosed in
Informasi mengenai tingkat suku bunga dan jatuh tempo Note 48. Information in respect of interest rates and
diungkapkan pada Catatan 53 dan 55. maturities are disclosed in Notes 53 and 55.
Pada 31 Desember 2024, jumlah giro Mudharabah yang As at 31 December 2024, total Mudharabah current
dikelola oleh Unit Usaha Syariah Bank mempunyai nilai account, managed by the Bank’s Sharia Unit is amounting
sebesar Rp 9.528.019 (2023: Rp 5.752.969; to Rp 9,528,019 (2023: Rp 5,752,969; 2022:
Rp 4,099,542).
2022: Rp 4.099.542).
Pada tanggal 31 Desember 2024, giro sebesar As at 31 December 2024, demand deposits amounting to
Rp 487.115 yang dijadikan jaminan atas kredit yang Rp 487,115 was pledged as collateral for the loans granted
diberikan Bank (2023: Rp 155.792; 2022: Rp 9.230). by the Bank (2023: Rp 155,792; 2022: Rp 9,230).
Terkait dengan ketentuan nilai penjaminan simpanan dari Related to the amount of deposit guaranteed regulation of
nasabah - giro, lihat Catatan 24. deposit from customer - demand deposits, refer to Note 24.
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Page 788
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
24. SIMPANAN DARI NASABAH - TABUNGAN 24. DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
Berdasarkan mata uang, pihak berelasi, dan pihak By currency, related parties, and third parties
ketiga
2024 2023 2022
Pihak berelasi Related parties
Rupiah 250,754 219,624 196,109 Rupiah
Dolar Amerika Serikat 26,048 19,346 25,379 United States Dollar
Mata uang asing lainnya 25,055 14,820 18,421 Other foreign currencies
301,857 253,790 239,909
Pihak ketiga Third parties
Rupiah 67,383,064 66,148,534 65,261,812 Rupiah
Dolar Amerika Serikat 7,504,829 6,430,303 6,765,464 United States Dollar
Mata uang asing lainnya 5,089,321 4,598,197 1,818,351 Other foreign currencies
79,977,214 77,177,034 73,845,627
80,279,071 77,430,824 74,085,536
Tabungan dari pihak berelasi diungkapkan dalam Saving deposits from related parties are disclosed in
Catatan 48. Informasi mengenai tingkat suku bunga dan jatuh Note 48. Information in respect of interest rates and
tempo diungkapkan pada Catatan 53 dan 55. maturities are disclosed in Note 53 and 55.
Berdasarkan Undang-Undang No. 24 tentang Lembaga Based on Law No. 24 concerning the Indonesia Deposit
Penjaminan Simpanan (”LPS”) tanggal 22 September 2004, Insurance Agency (“LPS”) dated 22 September 2004,
efektif sejak tanggal 22 September 2005, sebagaimana effective on 22 September 2005, which was amended by
diubah dengan Undang-Undang No. 4 Tahun 2023 tanggal Law Number 4 Year 2023 dated 12 January 2023 on
12 Januari 2023 tentang Pengembangan dan Penguatan Financial Sector Development and Strengthening, and
Sektor Keuangan, dan Peraturan Lembaga Penjamin Regulation of Saving Guaranty Institution No. 1 Year 2023,
Simpanan (PLPS) No. 1 Tahun 2023, LPS dibentuk untuk LPS was formed to guarantee certain liabilities of
menjamin liabilitas tertentu bank-bank umum berdasarkan commercial banks under the applicable guarantee
program penjaminan yang berlaku, yang besaran nilai program, which the amount of guarantee can be adjusted
jaminannya dapat berubah jika memenuhi kriteria tertentu if meet certain criteria.
yang berlaku.
Selama tahun 2024, 2023 dan 2022, suku bunga penjaminan During the year 2024, 2023, and 2022, the guarantee
LPS telah mengalami beberapa kali perubahan melalui Surat interest rate of LPS has undergone several changes
Edaran LPS, dimana terakhir diatur melalui Surat Edaran through the LPS Circular Letter, where the latest changes
Nomor PENG-5/DSPS/2024 tentang Penetapan Tingkat was regulated by Circular Letter Number
Bunga Penjaminan Untuk Simpanan Di Bank Umum PENG-5/DSPS/2024 concerning Determination of
tertanggal 30 September 2024 dimana tingkat bunga Guarantee Interest Rates for Deposits at Commercial
penjaminan untuk simpanan dalam Rupiah sebesar 4,25% Banks dated 30 September 2024 where the guaranteed
dan untuk simpanan dalam valuta asing sebesar 2,25%. interest rate for deposits in Rupiah are 4.25% and for
deposits in foreign currencies are 2.25%.
Pada 31 Desember 2024, jumlah tabungan Mudharabah As at 31 December 2024, total Mudharabah saving
yang dikelola oleh Unit Usaha Syariah Bank mempunyai account, managed by the Bank’s Sharia Unit is amounting
nilai sebesar Rp 11.854.105 (2023: Rp 11.685.912; 2022: to Rp 11,854,105 (2023: Rp 11,685,912; 2022:
Rp 8.977.202). Rp 8,977,202).
Pada tanggal 31 Desember 2024, tabungan sebesar As at 31 December 2024, saving deposits amounting to
Rp 1.677.433 yang dijadikan jaminan atas kredit yang Rp 1,677,433 was pledged as collateral for the loans
diberikan Bank (2023: Rp 904.250; 2022: Rp 769.278). granted by the Bank (2023: Rp 904,250;
2022: Rp 769,278).
Halaman – 5/139 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 789
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. SIMPANAN DARI NASABAH - DEPOSITO BERJANGKA 25. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
a. Berdasarkan mata uang, pihak berelasi, dan pihak a. By currency, related parties, and third parties
ketiga
2024 2023 2022
Diukur pada biaya perolehan diamortisasi Measured at amortised cost
Pihak berelasi Related parties
Rupiah 19,595 29,634 29,823 Rupiah
Dolar Amerika Serikat 5,493 6,614 4,159 United States Dollar
Mata uang asing lainnya 2,083 2,927 3,255 Other foreign currencies
27,171 39,175 37,237
Pihak ketiga Third parties
Rupiah 58,251,635 56,055,209 52,280,411 Rupiah
Dolar Amerika Serikat 7,347,985 5,973,477 11,029,707 United States Dollar
Mata uang asing lainnya 2,397,829 4,177,651 3,827,286 Other foreign currencies
67,997,449 66,206,337 67,137,404
Diukur pada nilai wajar melalui laba rugi Measured at fair value through profit loss
Pihak ketiga Third parties
Rupiah 18,874,915 17,716,653 14,086,652 Rupiah
Dolar Amerika Serikat 1,672,287 1,266,878 1,501,712 United States Dollar
20,547,202 18,983,531 15,588,364
88,571,822 85,229,043 82,763,005
b. Berdasarkan jangka waktu kontrak b. By period of contract
2024 2023 2022
< 1 bulan 7,880,838 5,644,249 6,203,160 < 1 month
> 1 - < 3 bulan 32,923,463 25,113,626 39,328,084 > 1 - < 3 months
> 3 - < 6 bulan 15,996,897 22,054,914 9,756,680 > 3 - < 6 months
> 6 - < 12 bulan 6,771,501 6,398,290 6,042,975 > 6 - < 12 months
> 12 bulan 24,999,123 26,017,964 21,432,106 > 12 months
88,571,822 85,229,043 82,763,005
c. Berdasarkan jatuh tempo c. By maturity
2024 2023 2022
< 1 bulan 37,019,384 37,667,260 44,175,647 < 1 month
> 1 - < 3 bulan 24,171,747 19,256,213 13,750,129 > 1 - < 3 months
> 3 - < 12 bulan 9,912,877 10,243,660 9,210,391 > 3 - < 12 months
> 1 - < 5 tahun 8,517,241 11,237,916 11,974,984 > 1 - < 5 years
> 5 tahun 8,950,573 6,823,994 3,651,854 > 5 years
88,571,822 85,229,043 82,763,005
Halaman – 5/140 – Page
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Page 790
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. SIMPANAN DARI NASABAH - DEPOSITO BERJANGKA 25. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
(lanjutan) (continued)
Deposito berjangka dari pihak berelasi diungkapkan dalam Time deposits from related parties are disclosed in
Catatan 48. Informasi mengenai tingkat suku bunga dan Note 48. Information in respect to interest rates and
jatuh tempo diungkapkan pada Catatan 53 dan 55. maturities are disclosed in Notes 53 and 55.
Pada 31 Desember 2024, jumlah deposito berjangka As at 31 December 2024, total Mudharabah time deposits,
Mudharabah yang dikelola oleh Unit Usaha Syariah Bank managed by the Bank’s Sharia Unit is amounting to
mempunyai nilai sebesar Rp 22.387.779 (2023: Rp 22,387,779 (2023: Rp 18,647,077; 2022:
Rp 18.647.077; 2022: Rp 19.259.786). Rp 19,259,786).
Pada tanggal 31 Desember 2024, deposito berjangka As at 31 December 2024, time deposits amounting to
sebesar Rp 7.367.301 dijadikan jaminan atas kredit yang Rp 7,367,301 was pledged as collateral for the loans
diberikan oleh Bank CIMB Niaga (2023: Rp 5.387.367; granted by Bank CIMB Niaga (2023: Rp 5,387,367;
2022: Rp 5.680.479). 2022: Rp 5,680,479).
Terkait dengan ketentuan nilai penjaminan simpanan dari Related to the amount of deposit guaranteed regulation of
nasabah - deposito berjangka, lihat Catatan 24. deposit from customer - time deposits, refer to Note 24.
26. SIMPANAN DARI BANK LAIN - GIRO DAN TABUNGAN 26. DEPOSITS FROM OTHER BANKS - DEMAND AND
SAVING DEPOSITS
Berdasarkan jenis dan mata uang By type and currency
2024 2023 2022
Giro Demand deposits
Rupiah 2,176,856 1,214,132 844,847 Rupiah
Dolar Amerika Serikat 313,566 162,596 160,927 United States Dollar
Mata uang asing lainnya 621,630 115,102 123,276 Other foreign currencies
3,112,052 1,491,830 1,129,050
Tabungan Saving deposits
Rupiah 16,522 13,965 17,813 Rupiah
3,128,574 1,505,795 1,146,863
Termasuk dalam mata uang asing lainnya adalah Included in other foreign currencies are Australian Dollar,
Dolar Australia, Yen Jepang, Euro, Dolar Selandia Baru, Japanese Yen, Euro, New Zealand Dollar, Great Britain
Pound Sterling Inggris, Riyal Saudi Arabia dan Pound Sterling, Saudi Arabian Riyal and Singapore Dollar.
Dolar Singapura.
Pada tanggal 31 Desember 2024, giro dan tabungan dari As at 31 December 2024, demand and saving deposits
pihak berelasi adalah Rp 124.061 (2023: Rp 93.910; 2022: from related parties amounting to Rp 124,061 (2023:
Rp 194.840) (lihat Catatan 48). Rp 93,910; 2022: Rp 194,840) (refer to Note 48).
Pada tanggal 31 Desember 2024, 2023, dan 2022, tidak As at 31 December 2024, 2023, and 2022, there were no
terdapat simpanan dari bank lain – giro dan tabungan yang deposits from other banks – demand and saving deposits
dijadikan jaminan atas kredit yang diberikan Bank CIMB pledged as collateral for the loans granted by Bank CIMB
Niaga. Niaga.
Halaman – 5/141 – Page
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Page 791
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. SIMPANAN DARI BANK LAIN - INTER-BANK CALL 27. DEPOSITS FROM OTHER BANKS - INTER-BANK CALL
MONEY DAN DEPOSITO BERJANGKAALNEY MONEY AND TIME DEPOSITS ER-BANK CALL MONEY
a. Berdasarkan jenis dan mata uang a. By type and currency
2024 2023 2022
Inter-bank Call Money Inter-bank Call Money
Rupiah 2,395,000 - 1,100,000 Rupiah
Deposito Berjangka Time Deposits
Rupiah 435,804 254,566 259,062 Rupiah
Dolar Amerika Serikat 90 86 87 United States Dollar
2,830,894 254,652 1,359,149
b. Berdasarkan jangka waktu kontrak b. By contract period
2024 2023 2022
< 1 bulan 2,402,060 111,935 1,222,844 < 1 month
> 1 - < 3 bulan 238,023 27,548 15,812 > 1 - < 3 months
> 3 - < 6 bulan 84,100 1,600 600 > 3 - < 6 months
> 6 - < 12 bulan 778 3,254 3,754 > 6 - < 12 months
> 12 bulan 105,933 110,315 116,139 > 12 months
2,830,894 254,652 1,359,149
Pada tanggal 31 Desember 2024, 2023, dan 2022, tidak As at 31 December 2024, 2023, and 2022, there were no
terdapat saldo simpanan dari bank lain - inter-bank call deposits from other banks - inter-bank call money and
money dan deposito berjangka dari pihak berelasi. time deposits from related party.
Informasi mengenai tingkat suku bunga dan jatuh tempo Information in respect to interest rate and maturity is
diungkapkan pada Catatan 53 dan 55. disclosed in Note 53 and 55.
Pada tanggal 31 Desember 2024, 2023, dan 2022, tidak As at 31 December 2024, 2023, and 2022, there were no
terdapat simpanan dari bank lain - inter-bank call money deposits from other banks - inter-bank call money and time
dan deposito berjangka yang dijadikan jaminan atas kredit deposits pledged as loans collateral.
yang diberikan.
Pada tanggal 31 Desember 2024, terdapat simpanan dari As at 31 December 2024, there were deposits from other
bank lain - deposito berjangka yang diukur pada nilai wajar banks - time deposits measured at fair value through profit
melalui laba rugi sebesar Rp 5.636 (2023: Rp 4.206; or loss amounting to Rp 5,636 (2023: Rp 4,206;
2022: Rp 4.500). 2022: Rp 4,500)
Halaman – 5/142 – Page
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Page 792
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. EFEK-EFEK YANG DITERBITKAN 28. MARKETABLE SECURITIES ISSUED
2024 2023 2022
Obligasi Berkelanjutan II Bank CIMB Niaga The Continuous Bonds II of Bank CIMB
Tahap IV Tahun 2018 dengan Tingkat Niaga Phase IV Year 2018 with Fixed
Suku Bunga Tetap (lihat Catatan 1b) Interest Rate (see Note 1b)
Seri C - - 118,000 Series C
- - 118,000
Sukuk Mudharabah Berkelanjutan I Bank CIMB Niaga The Continuous Sukuk Mudharabah I
Tahap II Tahun 2019 (lihat Catatan 1b) of Bank CIMB Niaga Phase II Year 2019 (see Note 1b)
Seri C - 429,000 429,000 Series C
- 429,000 429,000
Obligasi Berkelanjutan III Bank CIMB Niaga The Continuous Bonds III of Bank CIMB
Tahap I Tahun 2019 dengan Tingkat Niaga Phase I Year 2019 with Fixed
Suku Bunga Tetap (lihat Catatan 1b) Interest Rate (see Note 1b)
Seri C - 481,000 481,000 Series C
- 481,000 481,000
Sukuk Mudharabah Berkelanjutan I Bank CIMB Niaga The Continuous Sukuk Mudharabah I
Tahap III Tahun 2020 (lihat Catatan 1b) of Bank CIMB Niaga Phase III Year 2020 (see Note 1b)
Seri C 391,000 391,000 391,000 Series C
Seri B - - 287,000 Series B
391,000 391,000 678,000
391,000 1,301,000 1,706,000
Dikurangi : Less:
Biaya emisi obligasi yang belum diamortisasi - (524) (1,062) Unamortised bond issuance costs
391,000 1,300,476 1,704,938
Entitas Anak Subsidiaries
Sukuk Wakalah Bi Al-Istitsmar I Sukuk Wakalah Bi Al-Istitsmar I
CIMB Niaga Auto Finance Tahun 2023 of CIMB Niaga Auto Finance Year 2023
dengan Tingkat Suku Bunga Tetap (lihat Catatan 1b) with Fixed Interest Rate (see Note 1b)
Seri A - 700,000 - Series A
Seri B 300,000 300,000 - Series B
300,000 1,000,000 -
Sukuk Wakalah Bi Al-Istitsmar Berkelanjutan I The Continuous Sukuk Wakalah Bi Al-Istitsmar I
CIMB Niaga Auto Finance Tahap I Tahun 2024 of CIMB Niaga Auto Finance Phase I Year 2024
dengan Tingkat Suku Bunga Tetap (lihat Catatan 1b) with Fixed Interest Rate (see Note 1b)
Seri A 710,000 - - Series A
Seri B 290,000 - - Series B
1,000,000 - -
1,300,000 1,000,000 -
Dikurangi : Less:
Biaya emisi obligasi yang belum diamortisasi (3,548) (2,774) - Unamortised bond issuance costs
1,296,452 997,226 -
Jumlah - bersih 1,687,452 2,297,702 1,704,938 Total - net
Peringkat efek-efek yang diterbitkan Marketable securities issued ratings
Untuk Bank CIMB Niaga, peringkat efek-efek yang For Bank CIMB Niaga, the ratings for the marketable
diterbitkan berdasarkan credit rating PT Pefindo pada securities issued based on credit rating PT Pefindo as at
tanggal 31 Desember 2024, 2023, dan 2022 adalah idAAA. 31 December 2024, 2023, and 2022 is idAAA.
Untuk Entitas Anak - CNAF, peringkat efek-efek yang For Subsidiary - CNAF, the ratings for the marketable
diterbitkan berdasarkan credit rating PT Fitch Ratings securities issued based on credit rating PT Fitch Ratings
Indonesia pada tanggal 31 Desember 2024, 2023, dan Indonesia as at 31 December 2024, 2023, and 2022 is
2022 adalah AAidn. AAidn.
Halaman – 5/143 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 793
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. EFEK-EFEK YANG DITERBITKAN (lanjutan) 28. MARKETABLE SECURITIES ISSUED (continued)
Transaksi lindung nilai Hedge transactions
Tidak terdapat transaksi lindung nilai pada tanggal There was no hedging transaction as at 31 December 2024,
31 Desember 2024, 2023, dan 2022. 2023, and 2022.
Informasi mengenai tingkat suku bunga dan jatuh tempo di Information in respect to interest rate and maturity is
ungkapkan pada Catatan 53 dan 55. disclosed in Notes 53 and 55.
29. PINJAMAN YANG DITERIMA 29. BORROWINGS
2024 2023 2022
Rupiah Rupiah
Bank lain 6,878,435 3,825,005 3,425,409 Other banks
Dolar Amerika Serikat United States Dollar
Bank lain 1,609,500 2,463,520 - Other Banks
Jumlah 8,487,935 6,288,525 3,425,409 Total
2024 2023 2022
Rupiah Rupiah
Pihak ketiga s Third parties
PT Bank HSBC Indonesia 799,912 149,912 - PT Bank HSBC Indonesia
PT Bank DKI, Unit Syariah 696,881 529,948 474,158 PT Bank DKI, Sharia Unit
Standard Chartered Bank Indonesia 500,000 - - Standard Chartered Bank Indonesia
PT Bank Mandiri (Persero) Tbk 493,314 404,970 544,075 PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia Tbk 466,530 - - PT Bank Negara Indonesia Tbk
PT Bank Victoria International Tbk 399,883 299,823 - PT Bank Victoria International Tbk
PT Bank SMBC Indonesia Tbk 399,883 99,940 - PT Bank SMBC Indonesia Tbk
PT Sarana Multigriya Finansial (Persero) 329,070 133,255 - PT Sarana Multigriya Finansial (Persero)
PT Bank Panin Dubai Syariah Tbk 259,862 385,780 384,087 PT Bank Panin Dubai Syariah Tbk
PT Bank Permata Tbk 256,314 211,336 386,621 PT Bank Permata Tbk
PT Bank UOB Indonesia 238,819 80,508 147,029 PT Bank UOB Indonesia
PT Bank Pan Indonesia Tbk 217,714 481,383 220,127 PT Bank Pan Indonesia Tbk
PT Bank OCBC NISP Tbk 202,441 154,298 107,636 PT Bank OCBC NISP Tbk
PT Bank CTBC Indonesia 199,941 69,959 74,901 PT Bank CTBC Indonesia
PT Bank Mizuho Indonesia 199,941 - - PT Bank Mizuho Indonesia
PT Bank Victoria Syariah 199,902 49,943 49,911 PT Bank Victoria Syariah
PT Bank OCBC NISP Tbk, Unit Syariah 199,902 - - PT Bank OCBC NISP Tbk, Sharia Unit
PT Bank BTPN Syariah Tbk 195,325 - - PT Bank BTPN Syariah Tbk
PT Bank China Construction Bank Indonesia Tbk 175,001 256,972 179,236 PT Bank China Construction Bank Indonesia Tbk
PT Bank Syariah Indonesia Tbk 173,526 - - PT Bank Syariah Indonesia Tbk
PT Bank IBK Indonesia Tbk 145,791 - - PT Bank IBK Indonesia Tbk
PT Bank Maspion Indonesia Tbk 54,984 - - PT Bank Maspion Indonesia Tbk
PT Bank Permata Tbk, Unit Syariah 40,536 - - PT Bank Permata Tbk, Sharia Unit
PT Bank Oke Indonesia Tbk 18,050 51,359 84,611 PT Bank Oke Indonesia Tbk
PT Bank Danamon Indonesia Tbk, Unit Syariah 12,495 29,133 45,752 PT Bank Danamon Indonesia Tbk, Sharia Unit
PT Bank BCA Syariah 2,418 22,100 80,825 PT Bank BCA Syariah
PT Bank Muamalat Indonesia Tbk - 414,386 636,037 PT Bank Muamalat Indonesia Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk - - 10,403 Jawa Barat dan Banten Tbk
6,878,435 3,825,005 3,425,409
Dolar Amerika Serikat United States Dollar
Pihak ketiga s Third parties
MUFG Bank Ltd 1,609,500 2,463,520 - MUFG Bank Ltd
1,609,500 2,463,520 -
Jumlah 8,487,935 6,288,525 3,425,409 Total
Halaman – 5/144 – Page
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Page 794
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
Pada 31 Desember 2024, Bank CIMB Niaga memiliki As at 31 December 2024, Bank CIMB Niaga have third
pinjaman pihak ketiga dalam USD, pinjaman ini akan jatuh party borrowings in USD, these borrowings will mature on
tempo pada tanggal 23 Januari 2025 (2023: 8 Maret 2024 date 23 January 2025 (2023: 8 March 2024 and 21 March
dan 21 Maret 2024; 2022: Rp nihil) dengan tingkat bunga 2024; 2022: Rp nil) with the annual interest rate of 4.56%
per tahun 4,56% (2023: 5,66% dan 5,67%; 2022: Rp nihil). (2023: 5.66% and 5.67%; 2022: Rp nil). The borrowing was
Pinjaman tersebut diperpanjang pada tanggal 23 Januari extended on 23 January 2025 with a plafond of
2025 dengan plafon sebesar USD 100.000.000 dan jatuh USD 100,000,000 and will mature on 24 February 2025.
tempo pada 24 Februari 2025.
Pinjaman pihak ketiga dalam Rupiah merupakan pinjaman Third parties borrowings in Rupiah represent borrowings
yang diterima oleh Bank dan Entitas Anak dalam received by Bank and Subsidiary to finance their business.
menjalankan bisnisnya. Pinjaman tersebut akan jatuh The borrowing will be matured in the years between
tempo pada berbagai tahun antara 2025 - 2027. Tingkat 2025 - 2027. The annual interest rates for the period ended
suku bunga per tahun untuk fasilitas tersebut untuk periode 31 December 2024 ranged between 6.20% - 7.15%
yang berakhir 31 Desember 2024 berkisar antara 6,20% - (2023: 6.05% - 9.00%; 2022: 5.65% - 9.00%).
7,15% (2023: 6,05% - 9,00% ; 2022: 5,65% - 9,00%).
Seluruh pinjaman Entitas Anak di atas digunakan untuk All the Subsidiary borrowings above are used for finance
pembiayaan kendaraan roda empat, baik dalam kondisi financing of four wheelers, either new or used.
baru atau bekas.
PT Bank HSBC Indonesia PT Bank HSBC Indonesia
Selama tahun yang berakhir 31 Desember 2024, Bank During the year ended 31 December 2024, Bank CIMB
CIMB Niaga telah melakukan pembayaran pokok pinjaman Niaga has paid the principle to PT Bank HSBC Indonesia
kepada PT Bank HSBC Indonesia dengan nominal sebesar amounting to Rp nil (2023 and 2022: Rp nil). This borrowing
Rp nihil (2023 dan 2022: Rp nihil). Pinjaman ini semula was originally scheduled to mature on 10 January 2025,
dijadwalkan jatuh tempo pada tanggal 10 Januari 2025, and was fully settled on the maturity date.
dan telah dilunasi sepenuhnya pada tanggal tersebut.
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank HSBC Indonesia amounting
kepada PT Bank HSBC Indonesia dengan nominal sebesar to Rp nil (2023 and 2022: Rp nil). This borrowing will be
Rp nihil (2023 dan 2022: Rp nihil). Pinjaman ini akan jatuh matured on 3 January 2025. The borrowing was extended
tempo pada tanggal 3 Januari 2025. Pinjaman tersebut on 3 January 2025 with a plafond of Rp 300,000 and will
diperpanjang pada tanggal 3 Januari 2025 dengan plafon mature on 10 January 2025.
sebesar Rp 300.000 dan jatuh tempo pada
10 Januari 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 10 kali; - Maintain the gearing ratio maximum of 10 times;
- Menjaga jumlah piutang pembiayaan yang memiliki - Maintain the non-performing financing receivable
tunggakan lebih dari 90 hari maksimal sebanyak 5% which has outstanding days of more than 90 days by
dari total piutang pembiayaan; dan maximum of 5% from total financing receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik ownership in the Subsidiary either directly or
secara langsung maupun tidak langsung sebesar indirectly of 51% ownership from total paid-in capital
51% dari total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
Halaman – 5/145 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 795
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank DKI, Unit Syariah PT Bank DKI, Sharia Unit
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank DKI, Sharia Unit amounting to
kepada PT Bank DKI, Unit Syariah dengan nominal Rp 333,333 (2023: Rp 244,444; 2022: Rp 125,000). This
sebesar Rp 333.333 (2023: Rp 244.444; 2022: borrowing will be matured on various dates between
Rp 125.000). Pinjaman ini akan jatuh tempo pada berbagai 28 June 2025 up to 27 September 2026.
tanggal antara 28 Juni 2025 sampai dengan 27 September
2026.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 10 kali; - Maintain the gearing ratio maximum of 10 times;
- Menjaga piutang yang menunggak lebih dari 90 hari - Maintain the non-performing financing receivable which
maksimal 5% dari total piutang pembiayaan; has outstanding days of more than 90 days by
maximum of 5% from total financing receivable;
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Entitas Anak; Subsidiary;
- Total piutang pembiayaan terhadap total aktiva - Total financing receivables to total assets of minimum
minimal sebesar 40%; 40%;
- Rasio permodalan minimal sebesar 10%; dan - Capital Ratio minimum 10%.
- Memenuhi ketentuan tingkat kesehatan keuangan - Fulfill the financial health level requirements for
untuk multifinance (perusahaan pembiayaan). multifinance (financing companies).
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
Standard Chartered Bank Indonesia Standard Chartered Bank Indonesia
Selama tahun yang berakhir 31 Desember 2024, Bank During the year ended 31 December 2024, Bank has paid
telah melakukan pembayaran pokok pinjaman kepada the principle to Standard Chartered Bank Indonesia
Standard Chartered Bank Indonesia dengan nominal amounting to Rp nil (2023 and 2022: Rp nil). This borrowing
sebesar Rp nihil (2023 dan 2022: Rp nihil). Pinjaman ini was fully settled on the maturity date, 6 January 2025.
telah dilunasi sepenuhnya pada tanggal jatuh tempo,
6 Januari 2025.
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Mandiri (Persero) Tbk
kepada PT Bank Mandiri (Persero) Tbk dengan nominal amounting to Rp 608,750 (2023: Rp 289,583; 2022:
sebesar Rp 608.750 (2023: Rp 289.583; 2022: Rp 479,060). This borrowing will matured on various dates
Rp 479.060). Pinjaman ini akan jatuh tempo pada berbagai between 3 January 2025 up to 27 April 2026. The
tanggal antara 3 Januari 2025 sampai dengan 27 April borrowing was extended on 3 January 2025 with a plafond
2026. Pinjaman dengan plafon sebesar Rp 200.000 telah of Rp 200,000 and will mature on 10 January 2025.
diperpanjang pada tanggal 3 Januari 2025 dan jatuh tempo
pada 10 Januari 2025.
Halaman – 5/146 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 796
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Mandiri (Persero) Tbk (lanjutan) PT Bank Mandiri (Persero) Tbk (continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 5% dari total piutang pembiayaan; maximum of 5% from total financing receivable;
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik ownership in the Subsidiary either directly or
secara langsung maupun tidak langsung sebesar indirectly of 51% ownership from total paid-in capital
51% dari total modal disetor Entitas Anak; of the Subsidiary;
- Menjaga gearing ratio maksimal sebesar 10 kali; dan - Maintain the gearing ratio maximum of 10 times; and
- Selama pinjaman yang diterima berlangsung, - During the borrowings outstanding, the Company
Perseroan harus memberitahukan secara tertulis must notify PT Bank Mandiri (Persero) Tbk in written
kepada PT Bank Mandiri (Persero) Tbk atas: for:
• Perubahan anggaran dasar Perseroan termasuk • Amendment to the articles of association of the
di dalamnya pemegang saham mayoritas (lebih Company including majority shareholders (more
dari 50% jumlah kepemilikan saham), pengurus than 50% of the total share ownership),
Perseroan, permodalan dan nilai saham; management, capital and share value;
• Memperoleh fasilitas kredit atau pinjaman dari • Obtaining credit facilities or loan from other party
pihak-pihak lain kecuali dalam rangka mendukung except in the context of supporting the business
kegiatan usaha Perseroan yang normal dan activities of normal business and fair transaction of
transaksi wajar; the Company;
• Mengikatkan diri sebagai penjamin hutang atau • Binding themselves as a guarantor of debt or
menjaminkan harta kekayaan untuk pihak-pihak pledging assets for other parties, except in the
lain, kecuali dalam rangka pendanaan untuk context of funding to support the business
mendukung kegiatan usaha Perseroan; activities of the Company;
• Melunasi hutang Perseroan kepada pemilik/ • Paying off the loan of the Company to the
pemegang saham mayoritas; dan owner/majority shareholders; and
• Melakukan peleburan usaha/akuisisi • Conducting merger/acquisition.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Negara Indonesia Tbk
kepada PT Bank Negara Indonesia Tbk dengan nominal amounting to Rp 133,333 (2023 and 2022: Rp nil). This
sebesar Rp 133.333 (2023 dan 2022: Rp nihil). Pinjaman borrowing will be matured on various dates between 4 April
ini akan jatuh tempo pada berbagai tanggal antara 4 April 2027 up to 25 April 2027.
2027 sampai dengan 25 April 2027.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik ownership in the Subsidiary either directly or
secara langsung maupun tidak langsung sebesar indirectly of 51% ownership from total paid-in capital
51% dari total modal disetor Entitas Anak; of the Subsidiary;.
- Menjaga current ratio minimal 1,1 kali; - Maintain current ratio minimum of 1.1 times;
- Menjaga debt to equity ratio maksimal 8 kali; - Maintain debt to equity ratio maximum of 8 times;
- Persentase total piutang lancar terhadap total hutang - The percentage of total current debt to total financing
pendanaan minimal 100%; debt is at least 100%;
- Menjaga kualitas piutang pembiayaan On + Off - Maintain the quality of receivables both On + Off
balance sheet dengan umur tunggakan lebih dari 90 balance sheet with arrears age of more than 90 days
hari (Non Performing Loan Gross) maksimal 3%; dan with (Non Performing Loan Gross) maximum 3%; and
- Mempergunakan fasilitas kredit BNI secara optimal - Utilise BNI credit facilities optimally, at least 80% of
minimal 80% dari maksimum kredit. the maximum credit
Halaman – 5/147 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 797
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Negara Indonesia (Persero) Tbk (lanjutan) PT Bank Negara Indonesia (Persero) Tbk (continued)
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Victoria International Tbk PT Bank Victoria International Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Victoria International Tbk
kepada PT Bank Victoria International Tbk dengan nominal amounting to Rp nil (2023: Rp nil; 2022: Rp 199,793). The
sebesar Rp nihil (2023: Rp nihil; 2022: Rp 199.793). borrowing that was scheduled to mature on 2 January
Pinjaman yang dijadwalkan jatuh tempo pada tanggal 2 2025, with a principal of Rp 230,000, was fully settled on
Januari 2025 dengan pokok sebesar Rp 230.000 telah that date. The borrowing that was scheduled to mature on
dilunasi sepenuhnya pada tanggal tersebut. Pinjaman 7 January 2025, was extended with a plafond of
yang jatuh tempo pada tanggal 7 Januari 2025 Rp 170,000 and is now due on 21 January 2025.
diperpanjang dengan plafon sebesar Rp 170.000 dan
sekarang jatuh tempo pada tanggal 21 Januari 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 5 kali; - Maintain the gearing ratio maximum of 5 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 5% dari total piutang pembiayaan; dan maximum of 5% from total financing receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Perseroan baik secara ownership in the Company either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Perseroan. Company.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank SMBC Indonesia Tbk PT Bank SMBC Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank SMBC Indonesia Tbk
kepada PT Bank SMBC Indonesia Tbk dengan nominal amounting to Rp nil (2023 and 2022: Rp nil). This
sebesar Rp nihil (2023 dan 2022: Rp nihil). Pinjaman ini borrowing will be matured on 2 January 2025. The
akan jatuh tempo pada tanggal 2 Januari 2025. Pinjaman borrowing was extended on 2 January 2025 with a plafond
tersebut diperpanjang pada tanggal 2 Januari 2025 of Rp 400,000 and will mature on 3 January 2025.
dengan plafon sebesar Rp 400.000 dan jatuh tempo pada
3 Januari 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8,5 kali; - Maintain the gearing ratio maximum of 8.5 times;
- Non-Performing Asset tidak melebihi 5% dari total - Ensure that Non-Performing Assets do not exceed
piutang pembiayaan ; dan 5% of the total financing receivables; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
Halaman – 5/148 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 798
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Sarana Multigriya Finansial (Persero) PT Sarana Multigriya Finansial (Persero)
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Sarana Multigriya
kepada PT Sarana Multigriya Finansial (Persero) dengan Finansial (Persero) amounting to Rp 254,167
nominal sebesar Rp 254.167 (2023: Rp 66.667; 2022: (2023: Rp 66,667; 2022: Rp nil). This borrowing will be
Rp nihil). Pinjaman ini akan jatuh tempo pada berbagai matured on various dates between 26 June 2025 up to
tanggal antara 26 Juni 2025 sampai dengan 20 September 20 September 2026.
2026.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga Return on Asset minimal 1%; - Maintain Return on Asset by minimum of 1%;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivables -
bersih maksimal sebanyak 5% dari total piutang net by maximum of 5% from total financing
pembiayaan; receivable;
- Menjaga beban operasional pendapatan operasional - Maintain maximum operating expenses (BOPO) at
(BOPO) maksimal 100% 100%
- Menjaga gearing ratio maksimal sebesar 10 kali; dan - Maintain gearing ratio maximum of 10 times; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Panin Dubai Syariah Tbk PT Bank Panin Dubai Syariah Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Panin Dubai Syariah Tbk
kepada PT Bank Panin Dubai Syariah Tbk dengan nominal amounting to Rp 226,233 (2023: Rp 148,547; 2022:
sebesar Rp 226.233 (2023: Rp 148.547; 2022: Rp 65.231). Rp 65,231). This borrowing will be matured on various
Pinjaman ini akan jatuh tempo pada berbagai tanggal dates between 25 May 2025 up to 22 April 2027.
antara 25 Mei 2025 sampai dengan 22 April 2027.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga rasio piutang pembiayaan bermasalah yang - Maintain the non-performing financing receivable
memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% (tiga persen) dari total piutang maximum of 3% from total financing receivable; and
pembiayaan; dan
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
Halaman – 5/149 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 799
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Permata Tbk PT Bank Permata Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Permata Tbk amounting to
kepada PT Bank Permata Tbk dengan nominal sebesar Rp 84,306 (2023: Rp 175,694; 2022: Rp 186,323).
Rp 84.306 (2023: Rp 175.694; 2022: Rp 186.323). This borrowing will be matured on various dates between
Pinjaman ini akan jatuh tempo pada berbagai tanggal
antara 2 Januari 2025 sampai dengan 28 Januari 2025. 2 January 2025 up to 28 January 2025. The borrowing
Pinjaman tersebut diperpanjang pada tanggal 2 Januari was extended on 2 January 2025 with a plafond of Rp
2025 dengan plafon sebesar Rp 200.000 dan jatuh tempo 200,000 and will mature on 8 January 2025. Meanwhile,
pada 8 Januari 2025. Sedangkan pinjaman yang the borrowing scheduled to mature on 07 January 2025,
dijadwalkan jatuh tempo pada tanggal 07 Januari 2025 with a nominal amount of Rp 50,000, was fully settled on
dengan nominal Rp 50.000 telah dilunasi sepenuhnya pada that date.
tanggal tersebut.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 30 hari maksimal which has outstanding days of more than 30 days by
sebanyak 5% dari total piutang pembiayaan dan maximum of 5% from total financing receivable and
tunggakan lebih dari 90 hari maksimal sebanyak 2% outstanding days of more than 90 days by maximum
dari total piutang pembiayaan; dan of 2% from total financing receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank UOB Indonesia PT Bank UOB Indonesia
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank UOB Indonesia amounting to
kepada PT Bank UOB Indonesia dengan nominal sebesar Rp 141,667 (2023: Rp 66,667; 2022: Rp 52,778).
Rp 141.667 (2023: Rp 66.667; 2022: Rp 52.778). Pinjaman This borrowing will be matured on various dates between
ini akan jatuh tempo pada berbagai tanggal antara 6 January 2025 up to 17 May 2025. The borrowing was
6 Januari 2025 sampai dengan 17 Mei 2025. Pinjaman extended on 6 January 2025 and 7 January 2025 with
tersebut diperpanjang pada tanggal 6 Januari 2025 dan plafonds of Rp 150,000 and Rp 50,000, and will mature on
7 Januari 2025 dengan plafon sebesar Rp 150.000 dan 5 February 2025 and 6 February 2025.
Rp 50.000 dan jatuh tempo pada tanggal 5 Februari 2025
dan 6 Februari 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga hutang terhadap modal (Debt to Equity) tidak - Maintain debt to equity ratio not exceeding 10 times;
melebihi 10 kali, dan and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
Halaman – 5/150 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 800
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Pan Indonesia Tbk PT Bank Pan Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Pan Indonesia Tbk
kepada PT Bank Pan Indonesia Tbk dengan nominal amounting to Rp 763,889 (2023: Rp 238,750; 2022:
sebesar Rp 763.889 (2023: Rp 238.750; Rp 295,946). This borrowing will be matured on various
2022: Rp 295.946). Pinjaman ini akan jatuh tempo pada dates between 6 January 2025 up to 3 June 2025. This
berbagai tanggal antara 6 Januari 2025 sampai dengan borrowing was originally scheduled to mature on
3 Juni 2025. Pinjaman ini semula dijadwalkan jatuh tempo 6 January 2025, and was fully settled on the maturity date.
pada tanggal 6 Januari 2025, dan telah dilunasi
sepenuhnya pada tanggal tersebut.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga rasio hutang terhadap ekuitas sebesar 8:1; - Maintain the debt to equity ratio of 8:1;
- Menjaga jumlah piutang pembiayaan bermasalah yang - Maintain the non-performing financing receivable
memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% dari total piutang pembiayaan; dan maximum of 3% from total financing receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga - Bank CIMB Niaga as Parent Entity must keep their
kepemilikannya di Entitas Anak baik secara langsung ownership in the Subsidiary either directly or indirectly
maupun tidak langsung sebesar 51% dari total modal of 51% ownership from total paid-in capital of the
disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank OCBC NISP Tbk PT Bank OCBC NISP Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank OCBC NISP Tbk amounting
PT Bank OCBC NISP Tbk sebesar Rp 51.944 to Rp 51,944 (2023: Rp 53,333; 2022: Rp 170,691). This
(2023: Rp 53.333; 2022: Rp 170.691). Pinjaman ini akan borrowing will be matured on various dates between
6 January 2025 up to 21 March 2025. This borrowing was
jatuh tempo pada berbagai tanggal antara 6 Januari 2025 originally scheduled to mature on 6 January 2025, and was
sampai dengan 21 Maret 2025. Pinjaman ini semula fully settled on the maturity date.
dijadwalkan jatuh tempo pada tanggal 6 Januari 2025, dan
telah dilunasi sepenuhnya pada tanggal tersebut.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah yang - Maintain the non-performing financing receivable
memiliki tunggakan lebih dari 60 hari maksimal which has outstanding days of more than 60 days by
sebanyak 3,5% dari total piutang pembiayaan atau a maximum of 3.5% from total financing receivable or
sesuai ketentuan otoritas; as required by the authority;
- Maintain minimum balance of current account saving
- Menjaga saldo current account saving account account (“CASA”) of Rp 5,000; and
(“CASA”) minimal sebesar Rp 5.000; dan - Bank CIMB Niaga as Parent Entity must keep their
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga ownership in the Subsidiary either directly or indirectly
kepemilikannya di Entitas Anak baik secara langsung of 51% ownership from total paid-in capital of the
maupun tidak langsung sebesar 51% dari total modal Subsidiary.
disetor Entitas Anak.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
Halaman – 5/151 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 801
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank CTBC Indonesia PT Bank CTBC Indonesia
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank CTBC Indonesia amounting
kepada PT Bank CTBC Indonesia dengan nominal sebesar to Rp nil (2023: Rp 75,000; 2022: Rp nil). This borrowing
Rp nihil (2023: Rp 75.000; 2022: Rp nihil). Pinjaman ini will be matured on 2 January 2025. The borrowing was
akan jatuh tempo pada tanggal 2 Januari 2025. Pinjaman
tersebut diperpanjang pada tanggal 2 Januari 2025 dengan extended on 2 January 2025 with a plafond of Rp 200,000
plafon sebesar Rp 200.000 dan jatuh tempo pada 9 Januari and will mature on 9 January 2025.
2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Mempertahankan Leverage Ratio tidak melebihi 8 - Maintain leverage ratio not exceeding 8 times;
kali
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 5% dari total piutang pembiayaan; dan maximum of 5% from total financing receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Mizuho Indonesia PT Bank Mizuho Indonesia
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Mizuho Indonesia amounting
kepada PT Bank Mizuho Indonesia dengan nominal to Rp nil (2023 and 2022: Rp nil). This borrowing will be
sebesar Rp nihil (2023 dan 2022: Rp nihil). Pinjaman ini matured on 7 January 2025. The borrowing was extended
akan jatuh tempo pada tanggal 7 Januari 2025. Pinjaman on 07 January 2025 with a plafond of Rp 200,000 and will
tersebut diperpanjang pada tanggal 7 Januari 2025 dengan mature on 14 January 2025.
plafon sebesar Rp 200.000 dan jatuh tempo pada
14 Januari 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing loan at a maximum of
(Non-Performing Loan) pada maksimum 3% 3% of total gross receivables; and
terhadap total gross receivables; dan
- Menjaga gearing ratio maksimal sebesar 10 kali. - Maintain the gearing ratio maximum of 10 times.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
Halaman – 5/152 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 802
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Victoria Syariah PT Bank Victoria Syariah
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Victoria Syariah amounting
kepada PT Bank Victoria Syariah dengan nominal sebesar to Rp nil (2023: Rp 50,000; 2022: nil). This borrowing will
Rp nihil (2023: Rp 50.000; 2022: Rp nihil). Pinjaman ini be matured on 6 January 2025. The borrowing was
akan jatuh tempo pada 6 Januari 2025. Pinjaman tersebut extended on 6 January 2025 with a plafond of Rp 200,000
diperpanjang pada tanggal 6 Januari 2025 dengan plafon and will mature on 13 January 2025.
sebesar Rp 200.000 dan jatuh tempo pada 13 Januari
2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 10 kali; dan - Maintain the gearing ratio maximum of 10 times; and
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% dari total piutang pembiayaan. maximum of 3% from total financing receivable.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank OCBC NISP Tbk, Unit Syariah PT Bank OCBC NISP Tbk, Sharia Unit
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank OCBC NISP Tbk, Sharia Unit
kepada PT Bank OCBC NISP Tbk, Unit Syariah sebesar amounting to Rp nil (2023 and 2022: Rp nil). This borrowing
Rp nihil (2023 dan 2022: Rp nihil). Pinjaman ini akan jatuh will be matured on various dates between 3 January 2025
tempo pada berbagai tanggal antara tanggal 3 Januari up to 7 January 2025.
2025 sampai dengan 7 Januari 2025.
Pinjaman yang jatuh tempo pada 3 Januari 2025 dengan The borrowing maturing on 3 Jan 2025, with a plafond of
plafon sebesar Rp 20.000 telah dilunasi sepenuhnya pada Rp 20,000, was fully settled on that date. For the borrowing
tanggal tersebut. Untuk pinjaman yang jatuh tempo pada 7 maturing on 7 Jan 2025, the portion with a plafond of
Januari 2025, ada yang sudah dilunasi, yaitu yang memiliki Rp 180,000 was fully settled, while the remainder with a
plafon Rp 180.000, sedangkan sisanya dengan plafon Rp plafond of Rp 160,000 was extended and is now scheduled
160.000 telah diperpanjang dan sekarang memiliki jatuh to mature on 9 Jan 2025 and 10 Jan 2025.
tempo pada 9 Januari dan 10 Januari 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 60 hari maksimal which has outstanding days of more than 60 days by
sebanyak 3,5% dari total piutang pembiayaan atau a maximum of 3.5% from total financing receivable or
sesuai ketentuan otoritas; as required by the authority;
- Menjaga saldo current account saving account - Maintain minimum balance of current account saving
(“CASA”) minimal sebesar Rp 5.000; dan account (“CASA”) of Rp 5,000; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
Halaman – 5/153 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 803
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank BTPN Syariah Tbk PT Bank BTPN Syariah Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank BTPN Syariah Tbk
PT Bank BTPN Syariah Tbk dengan nominal sebesar amounting to Rp 24,579 (2023 and 2022: Rp nil). This
Rp 24.579 (2023 dan 2022: Rp nihil). Pinjaman ini akan borrowing will be matured on various dates between
jatuh tempo pada berbagai tanggal antara 9 Januari 2025 9 January 2025 up to 16 December 2025. The borrowings
sampai dengan 16 Desember 2025. Pinjaman tersebut were extended on 9 January 2025 and 13 January 2025
diperpanjang pada tanggal 9 Januari 2025 dan 13 Januari with plafonds of Rp 50,000 and Rp 50,000, and are
2025 dengan plafon sebesar Rp 50.000 dan Rp 50.000 dan scheduled to mature on various dates between 9 February
jatuh tempo pada berbagai tanggal antara 9 Februari 2025 2025 and 13 February 2025.
dan 13 Februari 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% dari total piutang pembiayaan; maximum of 3% from total financing receivable;
- Menjaga komposisi portfolio Syariah > outstanding - Maintain compoisiton of Sharia portfolio >
pendanaan Syariah; dan outstanding funding Sharia; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank China Construction Bank Indonesia Tbk PT Bank China Construction Bank Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank China Construction
PT Bank China Construction Bank Indonesia Tbk dengan Bank Tbk Indonesia amounting to Rp 132,071 (2023:
nominal sebesar Rp 132.071 (2023: Rp 72.349; 2022: Rp 72,349; 2022: Rp 20,528). This borrowing will be
Rp 20.528). Pinjaman ini akan jatuh tempo pada berbagai matured on various dates between 30 May 2025 up to
tanggal antara 30 Mei 2025 sampai dengan 25 Januari 25 January 2027.
2027.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga Collateral Coverage Ratio (“CCR”) minimal - Maintain Collateral Coverage Ratio (“CCR”) at
50% dari pinjaman; minimum 50% of the loan;
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 5% (gross) dari total piutang pembiayaan; maximum of 5% (gross) from total financing
dan receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
Halaman – 5/154 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 804
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Syariah Indonesia Tbk PT Bank Syariah Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Syariah Indonesia Tbk
kepada PT Bank Syariah Indonesia Tbk dengan nominal amounting to Rp 76,389 (2023 and 2022: Rp nil).
sebesar Rp 76.389 (2023 and 2022: Rp nihil). Pinjaman ini This borrowing will be matured on 29 January 2027.
akan jatuh tempo pada tanggal 29 Januari 2027.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal 5 kali baik secara - Maintain gearing ratio maximum of 5 times both
konsolidasi maupun secara Unit Usaha Syariah consolidation and Unit Usaha Syariah (”UUS”);
(”UUS”); - Maintain gross Non Performing Financing (“NPF”)
- Menjaga Non Performing Financing (”NPF”) gross ratio maximum 3% both consolidation and UUS; and
maksimal 3% baik secara konsolidasi maupun secara
UUS; dan - Bank CIMB Niaga as Parent Entity must keep their
- Bank CIMB Niaga sebagai Entitas Induk wajib ownership in the Subsidiary with minimum of 51%.
menjaga kepemilikannya di entitas anak minimum
sebesar 51%.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank IBK Indonesia Tbk PT Bank IBK Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank IBK Indonesia Tbk
kepada PT Bank IBK Indonesia Tbk dengan nominal amounting to Rp 4,167 (2023 and 2022: Rp nil). This
sebesar Rp 4.167 (2023 and 2022: Rp nihil). Pinjaman ini borrowing will be matured on 28 November 2027.
akan jatuh tempo pada tanggal 28 November 2027.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Non Performing Financing (”NPF”) maksimal 4%; - Non Performing Financing (“NPF”) maximum 4%;
- Capital Ratio minimal 10% - Capital Ratio minimum 10%;
- Total Net Debt to Equity Ratio maksimal 10 kali - Total Net Debt to Equity Ratio maximum 10 times;
- AR to total aset minimal 60% - AR to total asset minimum 60%;
- Tangible net worth minimal Rp 1 triliun; dan - Tangible Net Worth minimum Rp 1 trillion; and
- Minimal piutang lancar 85% dari total piutang - Minimum Current Receivables 85% of Total
Receivables
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Maspion Indonesia Tbk PT Bank Maspion Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Maspion Indonesia Tbk
kepada PT Bank Maspion Indonesia Tbk dengan nominal amounting to Rp 165,000 (2023 and 2022: Rp nil). This
sebesar Rp 165.000 (2023 dan 2022: Rp nihil). Pinjaman borrowing will be matured on 26 March 2025.
ini akan jatuh tempo pada tanggal 26 Maret 2025.
Halaman – 5/155 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 805
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Maspion Indonesia Tbk (lanjutan) PT Bank Maspion Indonesia Tbk (continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non performing financing receivable
bruto maksimal sebanyak 5% dari total piutang gross by maximum of 5% from total financing
pembiayaan; receivable;
- Menjaga rasio total piutang pembiayaan terhadap - Maintain ratio total financing receivables to total
total aset minimal 50%; dan asset minimum by 50%; and
- Menjaga gearing ratio maksimal sebesar 8 kali. - Maintain the gearing ratio maximum of 8 times.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Permata Tbk, Unit Syariah PT Bank Permata Tbk, Sharia Unit
Selama tahun yang berakhir 31 December 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Permata Tbk, Sharia Unit
kepada PT Bank Permata Tbk, Unit Syariah dengan amounting to Rp 80,278 (2023 and 2022:
nominal sebesar Rp 80.278 (2023 dan 2022: Rp nihil). Rp nil).This borrowing will be matured on various dates
Pinjaman ini akan jatuh tempo pada berbagai tanggal between 24 March 2025 up to 29 July 2025.
antara 24 Maret 2025 sampai dengan 29 Juli 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 30 hari maksimal which has outstanding days of more than 30 days by
sebanyak 5% dari total piutang pembiayaan dan maximum of 5% from total financing receivable and
tunggakan lebih dari 90 hari maksimal sebanyak 2% outstanding days of more than 90 days by maximum
dari total piutang pembiayaan; dan of 2% from total financing receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Oke Indonesia Tbk PT Bank Oke Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Oke Indonesia Tbk
kepada PT Bank Oke Indonesia Tbk dengan nominal amounting to Rp 33,333 (2023: Rp 33,333; 2022:
sebesar Rp 33.333 (2023: Rp 33.333; 2022: Rp 15.278). Rp 15,278). This borrowing will be matured on various
Pinjaman ini akan jatuh tempo pada berbagai tanggal dates between 30 May 2025 up to 16 August 2025.
antara 30 Mei 2025 sampai dengan 16 Agustus 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga rasio kecukupan modal minimal 14%; - Maintain capital adequacy ratio minimum of 14%;
- Annual loss maksimal 6%; - Annual loss maximum 6%;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 30 hari maksimal which has outstanding days of more than 30 days by
sebanyak 10% (gross) dari total piutang pembiayaan maximum of 10% (gross) from total financing
dan tunggakan lebih dari 90 hari maksimal sebanyak receivable and outstanding days of more than
5% (gross) dari total piutang pembiayaan; dan 90 days by maximum of 5% (gross) from total
financing receivable; and
Halaman – 5/156 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 806
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Oke Indonesia Tbk (lanjutan) PT Bank Oke Indonesia Tbk (continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk: (lanjutan) (continued)
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Danamon Indonesia Tbk, Unit Syariah PT Bank Danamon Indonesia Tbk, Sharia Unit
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Danamon Indonesia Tbk,
kepada PT Bank Danamon Indonesia Tbk, Unit Syariah Sharia Unit amounting to Rp 16,667 (2023: Rp 16,667;
dengan nominal sebesar Rp 16.667 (2023: Rp 16.667; 2022: Rp 4,167). This borrowing will be matured on
2022: Rp 4.167). Pinjaman ini akan jatuh tempo pada 28 September 2025.
tanggal 28 September 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga rasio total debt to networth maksimal 7 kali; - Maintain total debt to networth ratio of 7 at the
maximum;
- Menjaga rasio net credit losses to average portfolio - Maintain net credit losses to average portfolio of 4%
maksimal 4%; at the maximum;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3,5% dari total piutang pembiayaan. maximum of 3.5% from total financing receivable.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank BCA Syariah PT Bank BCA Syariah
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank BCA Syariah amounting to
Rp 19,706 (2023: Rp 58,844; 2022: Rp 87,842).
kepada PT Bank BCA Syariah dengan nominal sebesar
This borrowing will be matured on 14 April 2025.
Rp 19.706 (2023: Rp 58.844; 2022: Rp 87.842). Pinjaman
ini akan jatuh tempo pada tanggal 14 April 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8 kali; dan - Maintain gearing ratio maximum of 8 times; and
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 30 hari maksimal which has outstanding days of more than 30 days by
sebanyak 5% dari total piutang pembiayaan maximum of 5% from total financing receivable.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
Halaman – 5/157 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 807
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Muamalat Indonesia Tbk
PT Bank Muamalat Indonesia Tbk dengan nominal sebesar amounting to Rp 414,861 (2023: Rp 222,306; 2022:
Rp 414.861 (2023: Rp 222.306; 2022 : Rp 62.833). Rp 62,833). This borrowing will be matured on various
Pinjaman ini akan jatuh tempo pada berbagai tanggal dates between 23 May 2025 up to 13 December 2025.
antara 23 Mei 2025 sampai dengan 13 Desember 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 5 kali; - Maintain the gearing ratio maximum of 5 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% bersih atau 5% kotor dari total piutang maximum of 3% net or 5% gross from total financing
pembiayaan; dan receivable; and
- Menjaga Net Credit Loss maksimal sebesar 3%; - Maintain Net Credit Loss maximum of 3%;
- Menjaga Deliquency Receivables maksimal sebesar - Maintain Deliquency Receivable maximum of 5%;
5%; dan and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Pembangunan Daerah Jawa Barat dan Banten PT Bank Pembangunan Daerah Jawa Barat dan Banten
Tbk Tbk
Selama tahun yang berakhir 31 Desember 2024, Entitas During the year ended 31 December 2024, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Pembangunan Daerah Jawa
kepada PT Bank Pembangunan Daerah Jawa Barat dan Barat dan Banten (“Bank BJB”) Tbk amounting to
Banten (“Bank BJB”) Tbk dengan nominal sebesar Rp nil (2023: Rp 10,417; 2022: Rp 24,977). This borrowing
Rp nihil (2023: Rp 10.417; 2022: Rp 24.977). Pinjaman ini has matured on 27 July 2023.
telah jatuh tempo pada tanggal 27 Juli 2023.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or
langsung maupun tidak langsung sebesar 51% dari indirectly of 51% ownership from total paid-in capital
total modal disetor Entitas Anak; of the Subsidiary;
- Memberitahukan kepada Bank BJB maksimal 14 hari - Notify Bank BJB by a maximum 14 calendar days if
kalender jika Entitas Anak membagikan deviden lebih Subsidiary distributes dividends more than 50% of
dari 50% dari laba bersih; net income;
- Piutang pembiayaan yang dijadikan jaminan kepada - Finance receivable which pledged as collateral to
Bank BJB maksimal memiliki hari tunggakan dibawah Bank BJB has outstanding days of at the maximum
30 hari; 30 days;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% dari total piutang pembiayaan atau a maximum of 3% from total financing recivable or as
sesuai ketentuan otoritas. required by the authority.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
Informasi mengenai tingkat suku bunga dan jatuh tempo Information in respect to interest rate and maturity is
diungkapkan pada Catatan 53 dan 55. disclosed in Notes 53 and 55.
Halaman – 5/158 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 808
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN 30. INCOME TAX
a. Uang muka pajak a. Prepaid taxes
2024 2023 2022
Bank CIMB Niaga Bank CIMB Niaga
Pajak penghasilan badan Corporate income tax
2013 78,427 78,427 78,427 2013
2014 431,658 431,658 431,658 2014
2015 - 206,576 206,742 2015
2016 380,201 380,201 380,201 2016
2017 102,701 153,243 - 2017
2018 175,027 175,027 - 2018
2019 178,691 - - 2019
2023 255,633 255,633 - 2023
2024 1,411,276 - - 2024
Pajak penghasilan - Income taxes -
Pasal 4(2), 21, 23, dan 26 Article 4(2), 21, 23, and 26
2013 - 10,584 10,584 2013
Pajak Pertambahan Nilai Value Added Tax
2013 - 2019 26,964 15,185 22,108 2013 - 2019
3,040,578 1,706,534 1,129,720
Entitas Anak 151,770 222,450 255,212 Subsidiaries
3,192,348 1,928,984 1,384,932
Pada tahun 2024, Bank telah menerima On 2024, the Bank has received the tax refund of
pengembalian pajak atas Pajak Penghasilan Badan Corporate Income Tax and Value Added Tax for the
dan Pajak Penghasilan Negara atas kasus sengketa disputes on the fiscal year of 2015.
pada tahun fiskal 2015.
b. Utang pajak b. Taxes payable
2024 2023 2022
Bank CIMB Niaga Bank CIMB Niaga
Pajak penghasilan badan Corporate income tax
Pasal 25 181,410 163,942 77,898 Article 25
Pasal 29 - - 171,205 Article 29
Pajak penghasilan Income taxes
Pasal 4 (2), 21, 23, dan 26 117,962 244,632 194,208 Article 4 (2), 21, 23, and 26
Pajak Pertambahan Nilai 10,111 11,827 12,738 Value Added Tax
Bea Meterai 1,136 1,112 - Stamp duty
310,619 421,513 456,049
Entitas Anak 36,656 13,340 68,294 Subsidiaries
347,275 434,853 524,343
Halaman – 5/159 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 809
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
c. Beban pajak penghasilan c. Income tax expense
2024 2023 2022
Bank CIMB Niaga Bank CIMB Niaga
Pajak kini (402,779) (1,480,464) (1,530,342) Current tax
Pajak tangguhan (1,317,262) (242,161) 138,847 Deferred tax
(1,720,041) (1,722,625) (1,391,495)
Entitas Anak Subsidiaries
Pajak kini (109,890) (41,892) (123,857) Current tax
Pajak tangguhan 78 (41,354) 32,791 Deferred tax
(109,812) (83,246) (91,066)
Konsolidasian Consolidated
Pajak kini (512,669) (1,522,356) (1,654,199) Current tax
Pajak tangguhan (1,317,184) (283,515) 171,638 Deferred tax
(1,829,853) (1,805,871) (1,482,561)
Rekonsiliasi antara laba sebelum pajak, seperti yang The reconciliation between income before tax, as
disajikan pada laba rugi, dengan beban pajak shown in profit or loss, with current income tax
penghasilan kini adalah: expense were as follows:
2024 2023 2022
Laba konsolidasian sebelum pajak 8,728,787 8,357,272 6,579,332 Consolidated income before tax
Laba sebelum pajak- Income before tax-
Entitas Anak (483,080) (465,924) (401,434) Subsidiaries
Laba sebelum pajak- Income before tax-
Bank CIMB Niaga 8,245,707 7,891,348 6,177,898 Bank CIMB Niaga
Perbedaan temporer Temporary differences
Perbedaan antara komersial Differences between commercial
dan fiskal pada: and fiscal amounts on:
Aset tetap, aset hak guna, dan liabilitas sewa 75,911 3,281 (10,466) Fixed asset, right of used asset and lease liabilities
Keuntungan yang belum
direalisasi atas perubahan Unrealised gains from changes
nilai wajar efek-efek dan Obligasi in fair value of marketable securities
Pemerintah yang diukur pada nilai and government bonds measured at
wajar melalui laba rugi 417,557 (103,518) 71,975 at fair value through profit or loss
Beban cadangan kerugian
penurunan nilai (5,825,492) (593,578) 1,216,477 Allowance for impairment losses
Cadangan tunjangan bonus, Accrued bonus, vacation
T HR, dan tantiem (61,726) 7,972 253,775 pay, and tantiem
Lain-lain (593,801) (414,890) (900,637) Others
(5,987,551) (1,100,733) 631,124
Perbedaan tetap Permanent differences
Perbedaan antara komersial Differences between commercial
dan fiskal pada: and fiscal amounts on:
Beban lain yang tidak dapat
diperhitungkan untuk tujuan Other non deductible
perpajakan 3,434 13,539 168,341 expense
Lain-lain (430,773) (74,772) (21,262) Others
(427,339) (61,233) 147,079
Penghasilan kena pajak 1,830,817 6,729,382 6,956,101 Taxable income
Beban pajak penghasilan kini 402,779 1,480,464 1,530,342 Current income tax expense
Dikurangi: Less:
Pajak dibayar dimuka (1,814,055) (1,736,097) (1,359,137) Prepaid tax
Uang muka pajak/utang pajak penghasilan badan Prepaid tax/corporate income tax payable
(lihat Catatan 30a/30b) (1,411,276) (255,633) 171,205 (refer to Note 30a/30b)
Halaman – 5/160 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 810
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Penghasilan kena pajak hasil rekonsiliasi merupakan Taxable income results from reconciliation are the
dasar dalam pengisian Surat Pemberitahuan Tahunan basis in filing the Bank’s annual Tax Return (“SPT”)
(”SPT”) PPh Badan Bank. of Corporate Income Tax.
Dalam laporan keuangan konsolidasian ini, jumlah In these consolidated financial statements, the
penghasilan kena pajak Bank untuk tahun yang amount of Bank’s taxable income for the year ended
berakhir pada tanggal 31 Desember 2024 didasarkan 31 December 2024 is based on preliminary
atas perhitungan sementara, karena Bank belum calculations, as the Bank has not yet submitted its
menyampaikan Surat Pemberitahuan Tahunan pajak corporate income tax returns.
penghasilan badan.
Rekonsiliasi antara beban pajak penghasilan The reconciliations between consolidated income
konsolidasian dengan hasil perkalian laba akuntansi tax expense and the consolidated accounting profit
sebelum pajak penghasilan konsolidasian dan tarif before income tax multipled by the prevailing tax rate
pajak yang berlaku adalah sebagai berikut: is as follows:
2024 2023 2022
Laba konsolidasian sebelum pajak 8,728,787 8,357,272 6,579,332 Consolidated income before tax
Beban pajak penghasilan sesuai Income tax expense at effective
tarif pajak 1,920,333 1,838,600 1,447,453 tax rates
Pengaruh pajak atas perbedaan tetap: Tax effect of permanent differences:
Beban lain yang tidak dapat
diperhitungkan untuk tujuan
perpajakan 755 2,979 37,035 Other non deductible expense
Lain-lain (94,770) (16,450) (4,678) Others
Entitas Anak 3,535 (19,258) 2,751 Subsidiaires
(90,480) (32,729) 35,108
Jumlah beban pajak 1,829,853 1,805,871 1,482,561 Total tax expense
Pada tanggal 31 Desember 2024, Menteri Keuangan On 31 December 2024, Minister of Finance of the
Republik Indonesia menerbitkan Peraturan Menteri Republic of Indonesia issued Regulation of Minister
Keuangan Nomor 136 Tahun 2024 (“PMK-136 Tahun of Finance Number 136 of 2024 (“MoF-136 of year
2024”) terkait dengan implementasi pajak minimum 2024”) to implement the global minimum tax under
global sesuai dengan Pilar Dua: Global Anti Base Pillar Two: Global Anti Base Erosion (GloBE) which
Erosion (GloBE) yang berlaku mulai 1 Januari 2025 di come into effect from 1 January 2025 in the
yuridiksi tempat Bank dan Entitas Anak didirikan. jurisdiction in which the Bank and its subsidiaries are
Karena peraturan tersebut tidak berlaku pada tanggal incorporated. Since the regulation was not effective
pelaporan, Bank dan Entitas Anak tidak memiliki at the reporting date, The Bank and its subsidiaries
eksposur terkait dengan pajak terkini yang berdampak has no related current tax exposure that impact the
pada Laporan Keuangan per 31 Desember 2024. financial statements as at 31 December 2024. The
Bank dan Entitas Anak menerapkan pengecualian Bank and its subsidiaries applies SFAS 212
PSAK 212 untuk mengakui dan mengungkapkan exception to recognising and disclosing information
informasi tentang aset and liabilitas pajak tangguhan about deferred tax assets and liabilities related to
yang terkait dengan pajak penghasilan Pilar Dua. Pillar Two income taxes. As of 31 December 2024,
Pada tanggal 31 Desember 2024, Bank masih menilai the Bank is still assessing the impact of the
dampak atas penerapan peraturan baru tersebut. implementation of the regulation.
Halaman – 5/161 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 811
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Bank dan Entitas Anak sedang dalam proses menilai The Bank and its Subsidiraries are in the process of
apakah mereka termasuk dalam cakupan Pilar Dua: assessing whether they are within the scope of Pilar
GloBE sebagaimana diatur dalam PMK-136 Tahun Two model: GloBE in accordance with MoF-136 of
2024 dan apakah terdapat eksposur perpajakan Year 2024 and if there is any exposure to the tax
terhadap perusahaan. Dikarenakan peraturan calculation. Due to the regulation has not yet effective
tersebut belum berlaku pada saat tanggal pelaporan at the reporting date and due to the complexities in
dan dikarenakan kompleksitas dalam menerapkan applying the implementation PMK-136 and
PMK-136 dan menghitung pedapatan GloBE, dampak calculating GloBE income, the quantitative impact
kuantitatif dari PMK-136 yang disahkan belum dapat MoF-136 of year 2024 is not yet reasonably estimate.
diperkirakan secara wajar.
d. Aset/(liabilitas) pajak tangguhan - bersih d. Deferred tax asset/(liabilities) - net
2024
(Dibebankan)/dikreditkan
ke pendapatan
Dikreditkan/ komprehensif lainnya/
(dibebankan) (Charged)/credited
ke laba/rugi/ to other
1 Januari/ Credited/(charged) comprehensive 31 Desember/
January to profit/loss income December
Bank CIMB Niaga Bank CIMB Niaga
Aset/(liabilitas) pajak tangguhan: Deferred tax assets/(liabilities):
Aset tetap (352,050) 16,359 30 (335,661) Fixed assets
Aset hak guna (24,464) (90,839) - (115,303) Right-of-use assets
Liabilitas sewa 25,596 91,180 - 116,776 Lease liabilities
Kerugian/(keuntungan) yang belum Unrealised losses/(gains) from
direalisasi atas perubahan nilai changes in fair value of
wajar efek-efek dan marketable securities
obligasi pemerintah - bersih 127,218 91,863 54,561 273,642 and government bonds - net
Beban cadangan kerugian
penurunan nilai 1,715,349 (1,281,608) - 433,741 Allowance for impairment losses
Cadangan tunjangan bonus, THR, Accrued bonus, vacation pay,
tantiem, dan kerugian aktuarial atas tantiem, and actuarial loss on post
program imbalan pasti 312,151 (13,580) 4,367 302,938 employment benefits obligation
Lain-lain (435,332) (130,637) - (565,969) Others
Jumlah aset/(liabilitas) pajak tangguhan - bersih 1,368,468 (1,317,262) 58,958 110,164 Total deferred tax assets/(liabilities)- net
Entitas Anak Subsidiaries
Jumlah aset pajak tangguhan - bersih 9,191 78 (1,444) 7,825 Total deferred tax assets - net
1,377,659 (1,317,184) 57,514 117,989
Halaman – 5/162 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 812
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
d. Aset/(liabilitas) pajak tangguhan – bersih (lanjutan) d. Deferred tax asset/(liabilities) – net (continued)
2023
(Dibebankan)/dikreditkan
ke pendapatan
Dikreditkan/ komprehensif lainnya/
(dibebankan) (Charged)/credited
ke laba/rugi/ to other
1 Januari/ Credited/(charged) comprehensive 31 Desember/
January to profit/loss income December
Bank CIMB Niaga Bank CIMB Niaga
Aset/(liabilitas) pajak tangguhan: Deferred tax assets/(liabilities):
Aset tetap (352,804) 754 - (352,050) Fixed assets
Aset hak guna (52,034) 27,570 - (24,464) Right-of-use assets
Liabilitas sewa 53,198 (27,602) - 25,596 Lease liabilities
Kerugian/(keuntungan) yang belum Unrealised losses/(gains) from
direalisasi atas perubahan nilai changes in fair value of
wajar efek-efek dan marketable securities
obligasi pemerintah - bersih 179,594 (22,774) (29,602) 127,218 and government bonds - net
Beban cadangan kerugian
penurunan nilai 1,845,936 (130,587) - 1,715,349 Allowance for impairment losses
Cadangan tunjangan bonus, THR, Accrued bonus, vacation pay,
tantiem, dan kerugian aktuarial atas tantiem, and actuarial loss on post
program imbalan pasti 304,269 1,754 6,128 312,151 employment benefits obligation
Lain-lain (344,056) (91,276) - (435,332) Others
Jumlah aset/(liabilitas) pajak tangguhan - bersih 1,634,103 (242,161) (23,474) 1,368,468 Total deferred tax assets/(liabilities)- net
Entitas Anak Subsidiaries
Jumlah aset pajak tangguhan - bersih 51,697 (41,354) (1,152) 9,191 Total deferred tax assets - net
1,685,800 (283,515) (24,626) 1,377,659
2022
(Dibebankan)/dikreditkan
ke pendapatan
Dikreditkan/ komprehensif lainnya/
(dibebankan) (Charged)/credited
ke laba/rugi/ to other
1 Januari/ Credited/(charged) comprehensive 31 Desember/
January to profit/loss income December
Bank CIMB Niaga Bank CIMB Niaga
Aset/(liabilitas) pajak tangguhan: Deferred tax assets/(liabilities):
Aset tetap (351,746) (1,125) 67 (352,804) Fixed assets
Aset hak guna (85,780) 33,746 - (52,034) Right-of-use assets
Liabilitas sewa 88,122 (34,924) - 53,198 Lease liabilities
Kerugian/(keuntungan) yang belum Unrealised losses/(gains) from
direalisasi atas perubahan nilai changes in fair value of
wajar efek-efek dan marketable securities
obligasi pemerintah - bersih (160,365) 15,834 324,125 179,594 and government bonds - net
Beban cadangan kerugian
penurunan nilai 1,578,311 267,625 - 1,845,936 Allowance for impairment losses
Cadangan tunjangan bonus, THR, Accrued bonus, vacation pay,
tantiem, dan kerugian aktuarial atas tantiem, and actuarial loss on post
program imbalan pasti 229,681 55,831 18,757 304,269 employment benefits obligation
Lain-lain (145,916) (198,140) - (344,056) Others
Jumlah aset/(liabilitas) pajak tangguhan - bersih 1,152,307 138,847 342,949 1,634,103 Total deferred tax assets/(liabilities)- net
Entitas Anak Subsidiaries
Jumlah aset pajak tangguhan - bersih 21,307 32,791 (2,401) 51,697 Total deferred tax assets - net
1,173,614 171,638 340,548 1,685,800
Halaman – 5/163 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 813
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
d. Aset/(liabilitas) pajak tangguhan – bersih (lanjutan) d. Deferred tax asset/(liabilities) – net (continued)
Sesuai dengan ketentuan peralihan dalam Peraturan Based on the transitional provisions in the Regulation
Menteri Keuangan Republik Indonesia Nomor 74 of the Minister of Finance of the Republic of Indonesia
Tahun 2024 (“PMK-74 Tahun 2024”), Bank telah Number 74 of 2024 (“MoF-74 of year 2024”), Bank has
melakukan perhitungan nilai tercatat cadangan calculated the beginning balance of allowance for
piutang tak tertagih untuk awal Tahun Pajak 2024 impairment lossess for Fiscal Year 2024 in accordance
sesuai dengan ketentuan yang diatur dalam PMK-74 with the provision of MoF-74 of year 2024. Based on
Tahun 2024. Berdasarkan perhitungan tersebut, the calculation, the beginning balance of allowance for
terdapat selisih lebih antara nilai tercatat cadangan impairment lossess for Fiscal Year 2024 that is
piutang tak tertagih pada awal Tahun Pajak 2024 yang calculated based on MoF-74 of year 2024 is higher
dihitung berdasarkan PMK-74 Tahun 2024 dengan than the beginning balance of allowance for
nilai tercatat cadangan piutang tak tertagih pada awal impairment lossess for Fiscal Year 2024 that is
Tahun Pajak 2024 yang dihitung berdasarkan calculated based on the Regulation of the Minister of
Peraturan Menteri Keuangan Republik Indonesia Finance of the Republic of Indonesia Number 81 of
Nomor 81 Tahun 2009 (“PMK-81 Tahun 2009”) 2009 (“MoF-81 of year 2009”), the excess is amounting
sebesar Rp 5.802.168. Selisih lebih akan diakui to Rp 5,802,168. The excess will be treated as full
sebagai biaya yang dibebankan seluruhnya untuk deductible expense in Fiscal Year 2024. In relation to
Tahun Pajak 2024. Terkait dengan hal tersebut, aset the above, Bank will utilize deferred tax assets
pajak tangguhan yang akan dimanfaatkan Bank pada amounting to Rp 1,276,477 in the Fiscal Year 2024.
Tahun Pajak 2024 sebesar Rp 1.276.477.
e. Administrasi e. Administration
Berdasarkan Undang-Undang Perpajakan yang Under the applicable Taxation Laws in Indonesia, the
berlaku di Indonesia, Perusahaan menghitung, Company calculates, determines, and submits tax
menetapkan, dan membayar sendiri besarnya jumlah returns on the basis of self-assessment. The
pajak yang terhutang. Direktorat Jenderal Pajak Directorate General of Tax (“DGT”) may assess or
(“DJP”) dapat menetapkan atau mengubah liabilitas amend taxes within 5 (five) years after the taxes
pajak dalam batas waktu 5 (lima) tahun sejak saat become due.
terhutangnya pajak.
Halaman – 5/164 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 814
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
f. Pemeriksaan pajak f. Tax assessment
Bank CIMB Niaga Bank CIMB Niaga
Proses sengketa dan banding/The process of the dispute and appeal
Jumlah yang masih tercatat
sebagai uang muka pajak
Tahun
Jenis pajak/ pada tanggal 31 December Status terakhir per tanggal 31 December
fiskal/
Tax type 2024/Amount that still 2024/The latest status as of 31 December 2024
Fiscal year
recorded as prepaid taxes
as of 31 December 2024
2023 Pajak Penghasilan 255,633 Sedang dalam proses pemeriksaan pajak/Still in the
Badan/Corporate Income Tax tax audit process at the tax office
2019 Pajak Penghasilan 178,691 Masih dalam proses keberatan di kantor
Badan/Corporate Income Tax wilayah/Still in the objection process at the tax
office
Pajak Pertambahan Nilai/Value 21,288 Masih dalam proses keberatan di kantor
Added Tax wilayah/Still in the objection process at the tax
office
199,979
2018 Pajak Penghasilan 175,027 Akan mengajukan proses banding ke Pengadilan
Badan/Corporate Income Tax Pajak/Will submit the appeal process at tax court
Pajak Pertambahan Nilai/Value 98 Masih dalam proses banding di Pengadilan
Added Tax Pajak/Still in the appeal process at the tax court
175,125
2017 Pajak Penghasilan 102,701 Masih dalam proses banding di Pengadilan
Badan/Corporate Income Tax Pajak/Still in the appeal process at the tax court
2016 Pajak Penghasilan 380,201 Masih dalam proses peninjauan kembali di
Badan/Corporate Income Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
2015 Pajak Pertambahan Nilai/Value 5,578 Masih dalam proses peninjauan kembali di
Added Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
2014 Pajak Penghasilan 431,658 Masih dalam proses peninjauan kembali di
Badan/Corporate Income Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
2013 Pajak Penghasilan 78,427 Masih dalam proses peninjauan kembali di
Badan/Corporate Income Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
Lain-lain/Others *) 1,411,276
Jumlah/Total 3,040,578
*) Lebih bayar Pajak Penghasilan Badan untuk periode Overpayment Corporate Income Tax for the period ended *)
31 Desember 2024 31 December 2024
Halaman – 5/165 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 815
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
f. Pemeriksaan pajak (lanjutan) f. Tax assessment (continued)
Entitas Anak Subsidiaries
Proses sengketa dan banding/The process of the dispute and appeal
Jumlah yang masih tercatat
sebagai uang muka pajak
pada tanggal 31 Desember
Tahun 2024/Amount that still
fiskal/ Jenis pajak/ recorded as prepaid taxes Status terakhir per tanggal 31 December
Fiscal year Tax type as of 31 December 2024 2024/The latest status as of 31 December 2024
2020 Pajak penghasilan badan/Corporate 20,571 Masih dalam proses banding di Pengadilan Pajak/Still
income tax in the process appeal in the tax court
Pajak penghasilan Pasal 4(2) dan 795 Masih dalam proses keberatan di kantor wilayah/Still
Pasal 23/Income tax Article 4(2) in the process of objection in the tax office.
and Article 23
Pajak Pertambahan Nilai/Value 13,768 Masih dalam proses keberatan di kantor wilayah/Still
Added Tax in the process of objection in the tax office.
35,134
2019 Pajak penghasilan badan/Corporate 8,473 Masih dalam proses keberatan di kantor wilayah/Still
income tax in the process of objection in the tax office.
Pajak penghasilan Pasal 26/Income 34 Masih dalam proses keberatan di kantor wilayah/Still in
Tax Article 26 the process of objection in the tax office.
Pajak Pertambahan Nilai/Value 3,559 Masih dalam proses keberatan di kantor wilayah/Still
Added Tax in the process of objection in the tax office.
12,066
2016 Pajak penghasilan badan/Corporate 43,394 Masih dalam proses banding di Pengadilan Pajak/Still
income tax in the process of appeal in the tax court
Pajak Pertambahan Nilai/Value 30 Masih dalam proses banding di Pengadilan Pajak/Still
Added Tax in the process of appeal in the tax court
43,424
2015 Pajak penghasilan badan/Corporate 29,605 Masih dalam proses banding di Pengadilan Pajak/Still
income tax in the process of appeal in the tax court
Pajak penghasilan Pasal 4(2) dan 1,391 Masih dalam proses banding di Pengadilan Pajak/Still
Pasal 23/Income tax Article 4(2) in the process of appeal in the tax court
and Article 23
30,996
2014 Pajak Pertambahan Nilai/Value 730 Menang di Mahkamah Agung dan dalam proses
Added Tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
Halaman – 5/166 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 816
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
f. Pemeriksaan pajak (lanjutan) f. Tax assessment (continued)
Entitas Anak (lanjutan) Subsidiaries (continued)
Proses sengketa dan banding/The process of the dispute and appeal
Jumlah yang masih tercatat
sebagai uang muka pajak
pada tanggal 31 Desember
Tahun 2024/Amount that still
fiskal/ Jenis pajak/ recorded as prepaid taxes Status terakhir per tanggal 31 December
Fiscal year Tax type as of 31 December 2024 2024/The latest status as of 31 December 2024
2013 Pajak penghasilan badan/Corporate 1,492 Sudah menang di Pengadilan Pajak dan belum ada
income tax tanggapan lebih lanjut dari Direktorat Jenderal
Pajak/Already won in Tax Court and there has been
no further response from the Directorate General of
Taxes
Pajak penghasilan Pasal 23/Income 263 Masih dalam proses banding di Pengadilan Pajak/Still
tax Article 23 in the process of appeal in the Tax Court
Pajak Pertambahan Nilai/Value 2,463 Menang di Mahkamah Agung dan dalam proses
Added Tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
4,218
2012 Pajak penghasilan badan/Corporate 5,728 Menang di Mahkamah Agung dan dalam proses
income tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
Pajak Pertambahan Nilai/Value 6,688 Menang di Mahkamah Agung dan dalam proses
Added Tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
12,416
2011 Pajak penghasilan badan/Corporate 3,748 Menang di Mahkamah Agung dan dalam proses
income tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
Pajak Pertambahan Nilai/Value 5,470 Menang di Mahkamah Agung dan dalam proses
Added Tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
9,218
2010 Pajak penghasilan badan/Corporate 3,568 Menang di Mahkamah Agung dan dalam proses
income tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
Jumlah/Total 151,770
*) Lain-lain merupakan kasus pajak yang masih dalam proses keberatan Others are tax cases that still in the objection process *)
Halaman – 5/167 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 817
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31. BEBAN YANG MASIH HARUS DIBAYAR DAN 31. ACCRUALS AND OTHER LIABILITIES
LIABILITAS LAIN-LAIN
a. Beban yang masih harus dibayar a. Accruals
2024 2023 2022
Beban yang masih harus dibayar 2,167,901 3,032,956 3,960,089 Accrued expenses
Bunga yang masih harus dibayar 252,630 279,572 188,541 Accrued interest
2,420,531 3,312,528 4,148,630
Beban yang masih harus dibayar terutama terdiri dari Accrued expenses mainly consist of accrued expenses
beban pihak ketiga yang masih harus dibayar dan from third party and commission that need to be paid.
komisi yang harus dibayar.
Pada tanggal 31 Desember 2024, termasuk di dalam As at 31 December 2024, accrued interest also consist
bunga yang masih harus dibayar adalah utang bunga of accrued interest for subordinated loans amounting
pinjaman subordinasi sebesar Rp 958 (2023: to Rp 958 (2023: Rp 1,181; 2022: Rp 2,125) and
Rp 1.181; 2022: Rp 2.125) dan utang bunga pinjaman accrued interest for marketable securities issued,
efek-efek yang diterbitkan, termasuk hutang bagi hasil including sharia profit sharing payable, amounting to
syariah, sebesar Rp 315 (2023: Rp 14.735; 2022: Rp 315 (2023: Rp 14,735; 2022: Rp 6,039).
Rp 6.039). Informasi mengenai pinjaman subordinasi Information in respect to subordinated loans and
dan efek-efek yang diterbitkan diungkapkan pada marketable securities issued are disclosed in Note 28
Catatan 28 dan 32. and 32.
Beban yang masih harus dibayar dengan pihak Accruals with related parties are disclosed in Note 48.
berelasi diungkapkan pada Catatan 48.
b. Liabilitas lain-lain b. Other liabilities
2024 2023 2022
Komisi diterima dimuka 4,295,508 4,998,097 5,550,695 Unearned commission
Structured product tidak terproteksi 721,121 303,104 111,532 Unprotected structured product
Cadangan kerugian penurunan nilai Allowance for impairment losses of
komitmen dan kontinjensi 181,050 387,368 578,897 commitments and contingencies
Setoran jaminan 235,497 229,845 184,870 Security deposits
Liabilitas sewa 179,471 89,328 246,145 Lease liabilities
Lain-lain *) 754,666 1,721,292 1,042,079 Others *)
6,367,313 7,729,034 7,714,218
*) Termasuk simpanan berjangka Devisa Hasil Ekspor (DHE) dan porsi Including DHE valas time deposits and the portion of non-controlling *)
kepentingan non-pengendali atas penempatan pada reksa dana. interest from the placement in mutual fund.
Informasi mengenai tingkat jatuh tempo diungkapkan Information in respect to maturity is disclosed in
pada Catatan 55. Note 55.
Halaman – 5/168 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 818
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
32. PINJAMAN SUBORDINASI 32. SUBORDINATED LOANS
2024 2023 2022
Obligasi subordinasi Subordinated bonds
Nilai nominal 75,000 158,000 233,000 Par value
Dikurangi: Less:
Biaya emisi yang belum diamortisasi (486) (2,381) (4,689) Unamortised issuance cost
Nilai tercatat 74,514 155,619 228,311 Carrying value
y
Informasi mengenai tingkat suku bunga dan jatuh tempo Information in respect to interest rates and maturity is
diungkapkan pada catatan 53 dan 55. disclosed in Notes 53 and 55.
Berikut adalah rincian obligasi subordinasi pada tanggal Below is the detail of subordinated bonds as at
31 Desember 2024, 2023, dan 2022: 31 December 2024, 2023, and 2022:
Tanggal jatuh Opsi
30 September/ 31 Desember/ Tercatat/ tempo/ Pelunasan/ Tingkat bunga/
2024 2023 2022 Listed Due date Call option Interest rate
Obligasi Subordinasi Bursa Efek
III Tahun 2018 Seri A/ Indonesia/ 15 November/
Subordinated Bonds III Indonesia Stock November N/A 9.85% per tahun/per annum
Year 2018 Series A - - 75,000 Exchange 2023
Obligasi Subordinasi Bursa Efek
III Tahun 2018 Seri B/ Indonesia/ 15 November/
Subordinated Bonds III Indonesia Stock November N/A 10% per tahun/per annum
Year 2018 Series B 75,000 75,000 75,000 Exchange 2025
Obligasi Subordinasi berkelanjutan I Bursa Efek
Tahun 2019 Seri A/ Indonesia/ 19 Desember/
Continuous Subordinated Bonds I Indonesia Stock December N/A 8.05% per tahun/per annum
Year 2019 Series A - 83,000 83,000 Exchange 2024
75,000 158,000 233,000
Dikurangi/Less :
Biaya emisi
yang belum
diamortisasi/
Unamortised
issuance cost (486) (2,381) (4,689)
Nilai tercatat/
Carrying value 74,514 155,619 228,311
Pada tanggal 15 November 2018, Bank CIMB Niaga As at 15 November 2018, Bank CIMB Niaga issued
menerbitkan Obligasi Subordinasi III Tahun 2018 Seri B Subordinated Bonds III Year 2018 series B amounting to
sebesar Rp 75.000. Penerbitan obligasi ini telah disetujui Rp 75,000. This issuance has been approved by OJK
oleh OJK Pengawas Perbankan melalui Surat Pengawas Perbankan through its Letter
No. S-89/PB.33/2018 tanggal 26 Juli 2018 dan No. S-89/PB.33/2018 dated 26 July 2018 and has
mendapatkan pernyataan efektif dari OJK Pengawas obtained notice of effectivity from OJK Pengawas Pasar
Pasar Modal melalui Surat No. S-158/D.04/2018 tanggal Modal through its Letter No. S-158/D.04/2018 dated
8 November 2018. 8 November 2018.
Pada tanggal 15 November 2018, Bank CIMB Niaga As at 15 November 2018, Bank CIMB Niaga issued
menerbitkan Obligasi Subordinasi III Tahun 2018 Subordinated Bonds III Year 2018 series A is amounting
Seri A sebesar Rp 75.000. Penerbitan obligasi ini telah to Rp 75,000. This issuance has been approved by
disetujui oleh OJK Pengawas Perbankan melalui Surat OJK Pengawas Perbankan through its Letter
No. S-89/PB.33/2018 tanggal 26 Juli 2018 dan No. S-89/PB.33/2018 dated 26 July 2018 and has
mendapatkan pernyataan efektif dari OJK Pengawas obtained notice of effectivity from OJK Pengawas Pasar
Pasar Modal melalui Surat No. S-158/D.04/2018 tanggal Modal through its Letter No. S-158/D.04/2018 dated
8 November 2018. 8 November 2018.
Halaman – 5/169 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 819
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
32. PINJAMAN SUBORDINASI (lanjutan) 32. SUBORDINATED LOANS (continued)
Pada tanggal 19 Desember 2019, Bank CIMB Niaga As at 19 December 2019, Bank CIMB Niaga issued
menerbitkan Obligasi Subordinasi Berkelanjutan I Tahun Continuous Subordinated Bonds I Year 2019 Series A
2019 Seri A sebesar Rp 83.000. Penerbitan obligasi ini amounting to Rp 83,000. This issuance has been approved
telah disetujui oleh OJK Pengawas Perbankan melalui by OJK Pengawas Perbankan through its Letter
Surat No. S-51/PB.33/2019 tanggal 21 Oktober 2019 dan No. S-51/PB.33/2019 dated 21 October 2019 and has
mendapatkan pernyataan efektif dari OJK Pengawas obtained notice of effectivity from OJK Pengawas Pasar
Pasar Modal melalui Surat No. S-194/D.04/2019 tanggal Modal through its Letter No. S-194/D.04/2019 dated
12 Desember 2019. 12 December 2019.
Bank CIMB Niaga telah melakukan pembayaran bunga Bank CIMB Niaga has paid interest on schedule and in
secara tepat waktu dan sesuai dengan jumlah yang accordance with the amount agreed.
diperjanjikan.
Transaksi lindung nilai Hedge transactions
Tidak terdapat transaksi lindung nilai pada tanggal There was no hedging transaction as at
31 Desember 2024, 2023, dan 2022. 31 December 2024, 2023, and 2022.
Perhitungan Kewajiban Penyediaan Modal Minimum Capital Adequacy Ratio calculation (“CAR”)
(“KPMM”)
Pada tanggal 15 Desember 2018, melalui Surat dari OJK On 15 December 2018, based on Letter from OJK
Pengawas Perbankan No. S-89/PB.33/2018, Bank CIMB Pengawas Perbankan No. S-89/PB.33/2018, OJK
Niaga telah memperoleh persetujuan dari OJK Pengawas Pengawas Perbankan had given an approval to Bank
Perbankan untuk memperhitungkan Obligasi Subordinasi CIMB Niaga to include the Subordinated Bonds III
III Tahun 2018 Seri A sebesar Rp 75.000 dan Seri B Year 2018 Series A of Rp 75.000 and Series B of
sebesar Rp 75.000 sebagai komponen modal pelengkap Rp 75,000 as component of supplementary capital tier 2 in
tier 2 dalam perhitungan rasio KPMM. CAR calculation.
Pada tanggal 14 Februari 2020, melalui Surat dari OJK On 14 February 2020, based on Letter from OJK
Pengawas Perbankan No. S-07/PB.33/2020, Bank CIMB Pengawas Perbankan No. S-07/PB.33/2020, OJK
Niaga telah memperoleh persetujuan dari OJK Pengawas Pengawas Perbankan had given an approval to Bank
Perbankan untuk memperhitungkan Obligasi Subordinasi CIMB Niaga to include the Continuous Subordinated
Berkelanjutan I Tahun 2019 Seri A sebesar Rp 83.000 Bonds I Year 2019 Series A of Rp 83,000 as component of
sebagai komponen modal pelengkap tier 2 dalam supplementary capital tier 2 in CAR calculation.
perhitungan rasio KPMM.
Peringkat obligasi subordinasi Subordinated bonds ratings
Peringkat obligasi subordinasi ini berdasarkan credit rating The ratings for the subordinated bonds based on credit
PT Pefindo pada tanggal 31 Desember 2024 adalah idAA rating PT Pefindo at 31 December 2024 is idAA
(2023 dan 2022: idAA). (2023 and 2023: idAA).
Tidak terdapat pembatasan-pembatasan yang diwajibkan There were no negative covenants in the subordinated
dalam perjanjian obligasi subordinasi. bonds agreements.
Berdasarkan transaksi dengan pihak berelasi By transactions with related party
Obligasi subordinasi dengan pihak berelasi diungkapkan Subordinated bonds transactions with related party are
dalam Catatan 48. disclosed in Note 48.
Halaman – 5/170 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 820
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TRESURI TREASURY SHARES
Modal Saham Share Capital
Susunan pemegang saham pada tanggal The shareholders composition as of 31 December 2024,
31 Desember 2024, 2023, dan 2022 adalah: 2023, and 2022 were as follows:
2024
Jumlah
lembar saham
ditempatkan dan
disetor penuh/ Persentase
Number of kepemilikan/ Jumlah
shares issued Percentage dalam Rupiah/
Pemegang saham and fully paid of ownership Amount in Rupiah Shareholders
Saham biasa kelas A Class A ordinary share
Pemegang saham lainnya Other shareholders
(kepemilikan di bawah 5%) 71,853,936 0.29% 359,270 (ownership interest below 5%)
Saham biasa kelas B Class B ordinary share
CIMB Group Sdn Bhd, Malaysia 22,991,336,581 91.44% 1,149,567 CIMB Group Sdn Bhd, Malaysia
Pemegang saham lainnya . Other shareholders
(kepemilikan di bawah 5%) 2,074,775,026 8.25% 103,739 (ownership interest below 5%)
Jumlah modal saham ditempatkan dan Total shares capital issued and
disetor penuh dan fully paid and
tidak termasuk saham treasuri 25,137,965,543 99.98% 1,612,576 exclude treasury shares
Saham tresuri 4,240,300 0.02% 211 Treasury shares
Jumlah seluruh modal saham Total shares capital issued
ditempatkan dan disetor penuh and fully paid
termasuk dengan saham treasuri 25,142,205,843 100.00% 1,612,787 include treasury shares
2023
Jumlah
lembar saham
ditempatkan dan
disetor penuh/ Persentase
Number of kepemilikan/ Jumlah
shares issued Percentage dalam Rupiah/
Pemegang saham and fully paid of ownership Amount in Rupiah Shareholders
Saham biasa kelas A Class A ordinary share
Pemegang saham lainnya Other shareholders
(kepemilikan di bawah 5%) 71,853,936 0.29% 359,270 (ownership interest below 5%)
Saham biasa kelas B Class B ordinary share
CIMB Group Sdn Bhd, Malaysia 22,991,336,581 91.48% 1,149,567 CIMB Group Sdn Bhd, Malaysia
Pemegang saham lainnya Other shareholders
(kepemilikan di bawah 5%) 1,961,248,644 7.80% 98,062 (ownership interest below 5%)
Jumlah modal saham ditempatkan dan Total shares capital issued and
disetor penuh dan fully paid and
tidak termasuk saham treasuri 25,024,439,161 99.57% 1,606,899 exclude treasury shares
Saham treasuri 107,167,682 0.43% 5,358 Treasury shares
Jumlah seluruh modal saham Total shares capital issued
ditempatkan dan disetor penuh and fully paid
termasuk dengan saham treasuri 25,131,606,843 100.00% 1,612,257 include treasury shares
Halaman – 5/171 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 821
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TRESURI (lanjutan) TREASURY SHARES (continued)
Modal Saham (lanjutan) Share Capital (continued)
Susunan pemegang saham pada tanggal The shareholders composition as of 31 December 2024,
31 Desember 2024, 2023, dan 2022 adalah: (lanjutan) 2023, and 2022 were as follows: (continued)
2022
Jumlah
lembar saham
ditempatkan dan
disetor penuh/ Persentase
Number of kepemilikan/ Jumlah
shares issued Percentage dalam Rupiah/
Pemegang saham and fully paid of ownership Amount in Rupiah Shareholders
Saham biasa kelas A Class A ordinary share
Pemegang saham lainnya Other shareholders
(kepemilikan di bawah 5%) 71,853,936 0.29% 359,270 (ownership interest below 5%)
Saham biasa kelas B Class B ordinary share
CIMB Group Sdn Bhd, Malaysia 22,991,336,581 91.48% 1,149,567 CIMB Group Sdn Bhd, Malaysia
Pemegang saham lainnya . Other shareholders
(kepemilikan di bawah 5%) 1,869,933,444 7.44% 93,497 (ownership interest below 5%)
Jumlah modal saham ditempatkan dan Total shares capital issued and
disetor penuh dan fully paid and
tidak termasuk saham treasuri 24,933,123,961 99.21% 1,602,334 exclude treasury shares
Saham treasuri 198,482,882 0.79% 9,923 Treasury shares
Jumlah seluruh modal saham Total shares capital issued
ditempatkan dan disetor penuh and fully paid
termasuk dengan saham treasuri 25,131,606,843 100.00% 1,612,257 include treasury shares
Saham biasa kelas A dan saham biasa kelas B adalah Class A and class B ordinary shares are ordinary shares
saham biasa yang memiliki hak yang sama. that have the same rights.
Pada tanggal 31 Januari 2024, sesuai dengan persetujuan As at 31 January 2024, in accordance with the approval of
dari Pemegang Saham Independen Bank pada Rapat the Bank’s Independent Shareholders at the Bank’s
Umum Pemegang Saham Luar Biasa (“RUPSLB”) Bank Extraordinary General Meeting of Shareholders ("EGMS")
tanggal 11 Januari 2024, Bank CIMB Niaga melaksanakan on 11 January 2024, Bank CIMB Niaga conducted a
Penambahan Modal Tanpa Memberikan Hak Memesan Capital Increase without Pre-emptive Rights/Non Pre-
Efek Terlebih Dahulu (“PMTHMETD”) sebanyak Emptive Right Issue (“NPR”) of 10,599,000 (full amount)
10.599.000 (nilai penuh) lembar saham. Seluruh dana hasil shares. All proceeds of the NPR are used to finance
pelaksanaan PMTHMETD tersebut digunakan untuk business expansion in the form of lending to all of the
pembiayaan ekspansi kegiatan usaha dalam bentuk Bank's business segments, including the Consumer,
penyaluran kredit di seluruh segmen bisnis Bank, Corporate, Commercial, and SME segment, both
diantaranya termasuk segmen Konsumer, Korporat, conventional banking and sharia banking, but excluding
Komersial, dan UKM baik perbankan konvensional Subsidiaries.
maupun perbankan syariah, namun tidak termasuk
Perusahaan Anak.
Halaman – 5/172 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 822
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TRESURI (lanjutan) TREASURY SHARES (continued)
Modal Saham (lanjutan) Share Capital (continued)
Penambahan Modal Tanpa Memberikan Hak Memesan The Non Pre-Emptive Right Issue (“NPR”) has received the
Efek Terlebih Dahulu (“PMTHMETD”) tersebut telah Additional Share Listing Approval letter from PT Bursa Efek
mendapatkan surat Persetujuan Pencatatan Saham Indonesia No.S01142/BEI.PP1/01-2024 dated 30 January
Tambahan dari PT Bursa Efek Indonesia 2024.
No.S-01142/BEI.PP1/01-2024 tanggal 30 Januari 2024.
Jumlah saham yang beredar dan disetor penuh yang The total number of shares issued and fully paid owned by
dimiliki oleh Dewan Direksi adalah: Board of Directors were as follows:
2024 2023 2022
Ibu Lani Darmawan 1,511,501 1,156,601 776,401 Mrs. Lani Darmawan
Bpk. John Simon 973,301 747,501 508,201 Mr. John Simon
Ibu Fransiska Oei 947,001 774,401 544,501 Mrs. Fransiska Oei
Bpk. Rusly Johannes 813,001 635,501 451,101 Mr. Rusly Johannes
Bpk. Pandji P Djajanegara 732,826 594,426 411,426 Mr. Pandji P. Djajanegara
Bpk. Lee Kai Kwong 664,000 465,700 224,600 Mr. Lee Kai Kwong
Ibu Tjioe Mei Tjuen 335,900 163,300 25,500 Mrs. Tjioe Mei Tjuen
Bpk. Joni Raini 244,901 128,801 45,001 Mr. Joni Raini
Bpk. Henky Sulistyo 145,600 51,600 - Mr. Henky Sulistyo
Bpk. Noviady Wahyudi 55,400 - - Mr. Noviady Wahyudi
CIMB Group Sdn Bhd, Malaysia seluruhnya dimiliki oleh CIMB Group Sdn Bhd, Malaysia is wholly owned by CIMB
CIMB Group Holdings Berhad, Malaysia. Pemegang Group Holdings Berhad, Malaysia. The ultimate
saham akhir CIMB Group Holdings Berhad pada tanggal shareholders of CIMB Group Holdings Berhad as at
31 Desember 2024, 2023, dan 2022 adalah: 31 December 2024, 2023, and 2022 were as follows:
Persentase kepemilikan/
Pemegang saham Percentage of ownership Shareholders
2024 2023 2022
Khazanah Nasional Berhad 21.54% 23.00% 24.10% Khazanah Nasional Berhad
Employee Provident Fund 16.53% 13.80% 12.90% Employee Provident Fund
Lain-lain dan Masyarakat 61.93% 63.20% 63.00% Others and Public
100.00% 100.00% 100.00%
Khazanah Nasional Berhad adalah entitas yang dimiliki Khazanah Nasional Berhad is an entity owned by the
oleh Pemerintah Malaysia. Government of Malaysia.
Halaman – 5/173 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 823
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TRESURI (lanjutan) TREASURY SHARES (continued)
Saham Tresuri Treasury Shares
Pembelian saham tresuri akan digunakan sebagai Purchase of treasury shares will be used to provide variable
pemberian remunerasi yang bersifat variabel dalam bentuk remuneration in the form of shares or share-based
saham atau instrumen yang berbasis saham. Pemberian instruments. The remuneration in the form of shares is
remunerasi berbentuk saham tersebut dilakukan dengan carried out in 2 schemes, which are: Management
2 skema yaitu: Management Employee Stock Option Employee Stock Option Programme (“MESOP”) and
Programme (“MESOP”) dan Material Risk Takers (“MRT”). Material Risk Takers (“MRT”).
Management Employee Stock Option Programme Management Employee Stock Option Programme
(“MESOP”) (“MESOP”)
Pada tanggal 27 Juli 2017, Bank CIMB Niaga telah On 27 July 2017, Bank CIMB Niaga has obtained the OJK
mendapatkan persetujuan OJK melalui surat approval through letter No.S-63/PB.33/2017 dated
No.S-63/PB.33/2017 tanggal 25 Juli 2017, untuk membeli 25 July 2017, to buy back its shares in a maximum of 2%
sahamnya kembali sejumlah maksimal 2% dari jumlah of the total issued and fully paid shares which will then be
saham yang telah dikeluarkan dan disetor penuh yang used as a MESOP which was effective in 2018.
selanjutnya akan digunakan sebagai Program Kepemilikan
Saham (“MESOP”) yang efektif di tahun 2018.
Atas sisa saham tresuri yang tidak dieksekusi dalam For the remaining treasury shares that are not executed in
program MESOP tersebut, selama tahun yang berakhir the MESOP program, during the year ended
31 Desember 2024 Bank CIMB Niaga telah mengalihkan 31 December 2024 Bank CIMB Niaga has released all
seluruh sisa saham tresuri tersebut melalui bursa sesuai treasury shares on the stock exchange in accordance with
dengan ketentuan yang berlaku sebanyak 100.148.782 applicable regulations which are 100,148,782 (full amount)
(nilai penuh) lembar saham (2023: 88.730.000 (nilai penuh) shares (2023: 88,730,000 (full amount) shares).
lembar saham).
Material Risk Taker (“MRT”) Material Risk Taker (“MRT”)
Sesuai dengan POJK No. 45/POJK.03/2015 tanggal In accordance with POJK No. 45/POJK.03/2015 dated
23 Desember 2015 tentang Penerapan Tata Kelola Dalam 23 December 2015 concerning the Implementation of
Pemberian Remunerasi Bagi Bank Umum, Bank Governance in Providing Remuneration for Commercial
diwajibkan untuk memberikan remunerasi yang bersifat Banks, Banks are required to provide variable remuneration
variabel dalam bentuk saham atau instrumen yang in the form of shares or share-based instruments to parties
berbasis saham kepada pihak-pihak yang telah ditetapkan that have been designated as Material Risk Taker (“MRT”).
sebagai Material Risk Taker (“MRT”).
Mengacu pada ketentuan POJK No. 29 Tahun 2023 Referring to the provisions of POJK No. 29 of 2023
tentang Pembelian Kembali Saham yang Dikeluarkan Oleh concerning the Buyback of Shares Issued by Public
Perusahaan Terbuka, melalui persetujuan RUPS Tahunan Companies, through the approval of the CIMB Niaga
CIMB Niaga tanggal 3 April 2024 menyetujui rencana Annual GMS on 3 April 2024 approved the share buyback
pembelian kembali saham sebanyak-banyaknya 202.000 plan of up to 202,000 (full amount) shares at a cost of
(nilai penuh) lembar saham dengan biaya sebesar- Rp 500. In 2024, Bank CIMB Niaga has conducted share
besarnya Rp 500. Pada tahun 2024, Bank CIMB Niaga buyback of 168,000 shares (full amount) at a cost of Rp 357
telah melakukan pembelian saham kembali sebanyak (2023: Rp nil; 2022: Rp nil).
168.000 saham (nilai penuh) dengan biaya sebesar
Rp 357 (2023: Rp nihil; 2022: Rp nihil).
Halaman – 5/174 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 824
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TRESURI (lanjutan) TREASURY SHARES (continued)
Saham Tresuri (lanjutan) Treasury Shares (continued)
Material Risk Taker (“MRT”) (lanjutan) Material Risk Taker (“MRT”) (continued)
Selama tahun yang berakhir 31 Desember 2024, jumlah During the year ended 31 December 2024, the total
saham tresuri yang telah diberikan ke karyawan adalah treasury shares which were granted to employees were
sebanyak 2.946.600 (nilai penuh) lembar saham 2,946,600 (full amount) shares (2023: 2,585,200
(2023: 2.585.200 (nilai penuh) lembar saham; (full amount) shares; 2022: 2,311,800 (full amount) shares).
2022: 2.311.800 (nilai penuh) lembar saham). As at 31 December 2024, the remaining treasury shares of
Pada tanggal 31 Desember 2024, sisa saham tresuri 4,240,300 (full amount) shares are used for MRT
sebanyak 4.240.300 (nilai penuh) saham digunakan untuk programme.
program MRT.
Informasi mengenai program MRT diungkapkan pada Information in respect of MRT programme is disclosed in
Catatan 45. Note 45.
34. PENGGUNAAN LABA BERSIH 34. APPROPRIATION OF NET INCOME
Cadangan umum dan wajib General and statutory reserve
Pada tanggal 31 Desember 2024, cadangan umum dan As at 31 December 2024, the general and statutory reserve
wajib adalah Rp 371.525 (2023 dan 2022: Rp 351.538). amounting to Rp 371,525 (2023 and 2022:
Cadangan umum dan wajib ini dibentuk sehubungan Rp 351,538). This general and statutory reserve was
dengan Undang-Undang Republik Indonesia No. 1/1995 provided in relation with the Law of the Republic of
yang telah digantikan dengan Undang-Undang No. Indonesia No.1/1995 which has been replaced with Law
40/2007 efektif tanggal 16 Agustus 2007 mengenai No. 40/2007 effective on 16 August 2007 regarding the
Perseroan Terbatas, yang mengharuskan perusahaan- limited company, which requires companies to set up a
perusahaan untuk membuat penyisihan cadangan umum general reserve at least 20% of the issued and paid up
sebesar sekurang-kurangnya 20% dari jumlah modal yang share capital. This Law does not provide term of fullfilment
ditempatkan dan disetor penuh. Undang-Undang tersebut for this reserve.
tidak mengatur jangka waktu pemenuhan untuk penyisihan
tersebut.
Pada tanggal 3 Mei 2024, Bank CIMB Niaga melaksanakan As at 3 May 2024, Bank CIMB Niaga distributed cash
pembayaran dividen tunai dari laba bersih tahun buku 2023 dividends on 2023 financial year net income amounting
sebesar Rp 3.084.361.418.113 (nilai penuh) berdasarkan Rp 3,084,361,418,113 (full amount) from net income of
keputusan Rapat Umum Pemegang Saham (“RUPS”) financial year 2023 based on General Meeting of
tanggal 3 April 2024. Shareholders dated 3 April 2024.
Pada tanggal 10 Mei 2023, Bank CIMB Niaga As at 10 May 2023, Bank CIMB Niaga distributed cash
melaksanakan pembayaran dividen tunai dari laba bersih dividends on 2022 financial year net income amounting
tahun buku 2022 sebesar Rp 2.871.841.786.305 (nilai Rp 2,871,841,786,305 (full amount) from net income of
penuh) berdasarkan keputusan Rapat Umum Pemegang financial year 2022 based on General Meeting of
Saham (“RUPS”) tanggal 10 April 2023. Shareholders dated 10 April 2023.
Pada tanggal 28 April 2022, Bank CIMB Niaga As at 28 April 2022, Bank CIMB Niaga distributed cash
melaksanakan pembayaran dividen tunai dari laba bersih dividends on 2021 financial year net income amounting
tahun buku 2021 sebesar Rp 2.345.685.784.827 Rp 2,345,685,784,827 (full amount) from net income of
(nilai penuh) berdasarkan keputusan Rapat Umum financial year 2021 based on General Meeting of
Pemegang Saham (“RUPS”) tanggal 8 April 2022. Shareholders dated 8 April 2022.
Halaman – 5/175 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 825
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. PENDAPATAN BUNGA DAN SYARIAH 35. INTEREST AND SHARIA INCOME
2024 2023 2022
Kredit yang diberikan 16,438,628 15,642,534 13,539,261 Loans
Efek-efek, Obligasi Pemerintah, dan Marketable securities, Government
efek-efek yang dibeli dengan janji dijual Bonds, and securities purchased
kembali 5,912,240 5,059,982 4,257,911 under resale agreement
Pembiayaan konsumen 1,522,501 1,175,254 1,028,224 Consumer financing
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 179,133 247,945 173,062 and Bank Indonesia
Giro pada bank lain Current account with other banks
dan Bank Indonesia 174,814 180,285 115,736 and Bank Indonesia
24,227,316 22,306,000 19,114,194
Termasuk dalam pendapatan bunga konsolidasian adalah Included in consolidated interest income is income based
pendapatan berdasarkan prinsip syariah untuk tahun yang on sharia principles for the year ended 31 December 2024
berakhir 31 Desember 2024 adalah Rp 5.280.443 (2023: amounting to Rp 5,280,443 (2023: Rp 4,917,548; 2022:
Rp 4.917.548; 2022: Rp 3.556.484). Rp 3,556,484).
Pendapatan bunga berdasarkan klasifikasi aset keuangan Interest income based on the classification of financial
adalah: assets were as follows:
2024 2023 2022
Biaya perolehan diamortisasi 20,446,354 19,199,748 16,622,477 Amortised cost
Diukur pada nilai wajar melalui Fair value through other
penghasilan komprehensif lain 2,476,971 2,092,928 1,924,091 comprehensive income
Diukur pada nilai wajar melalui
laba rugi 1,303,991 1,013,324 567,626 Fair value through profit and loss
24,227,316 22,306,000 19,114,194
Termasuk dalam pendapatan bunga dari kredit yang Included in interest income from loans is interest income
diberikan adalah pendapatan bunga atas bagian yang tidak recognised on the unimpaired portion of the impaired loans
mengalami penurunan nilai terhadap kredit yang diberikan (time value unwinding) for the year ended 31 December
yang mengalami penurunan nilai (time value unwinding) 2024 amounting to Rp 172,670 (2023: Rp 175,190; 2022:
untuk tahun yang berakhir 31 Desember 2024 adalah Rp 238,197).
Rp 172.670 (2023: Rp 175.190; 2022: Rp 238.197).
Halaman – 5/176 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 826
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
36. BEBAN BUNGA DAN SYARIAH 36. INTEREST AND SHARIA EXPENSES
2024 2023 2022
Simpanan nasabah: Deposits from customers:
Deposito berjangka dan Sertifikat Deposito Time deposits and certificates of deposits
Diukur pada biaya perolehan diamortisasi 3,087,855 2,736,847 1,629,064 Measured at amortised cost
Diukur pada nilai wajar melalui laba rugi 1,679,096 1,347,455 689,076 Measured at fair value through profit or loss
Giro 2,310,262 1,543,819 1,106,708 Demand deposits
Tabungan 2,183,407 2,086,398 1,481,153 Saving deposits
Efek-efek yang dijual Securities sold under
dengan janji dibeli kembali 797,318 725,624 69,705 repurchase agreement
Pinjaman yang diterima dan Borrowings and
obligasi subordinasi 641,740 314,525 242,465 subordinated bonds
Efek-efek yang diterbitkan 153,385 172,905 359,038 Marketable securities issued
Simpanan dari bank lain 36,152 12,040 12,210 Deposits from other banks
Lain-lain 71,561 14,004 48,637 Others
10,960,776 8,953,617 5,638,056
Termasuk dalam beban bunga adalah bagi hasil Included in interest expense is margin distribution based
berdasarkan prinsip syariah untuk tahun yang berakhir on sharia principle for the year ended 31 December 2024
31 Desember 2024 sebesar Rp 3.104.058 (2023: amounting to Rp 3,104,058 (2023: Rp 2,679,161; 2022:
Rp 2.679.161; 2022: Rp 1.597.072). Rp 1,597,072).
Lihat Catatan 48 untuk transaksi dengan pihak berelasi. Refer to Note 48 for transactions with related parties.
37. PROVISI DAN KOMISI LAINNYA 37. OTHER FEES AND COMMISSIONS
2024 2023 2022
Pendapatan bancassurance 968,612 1,116,896 790,286 Bancassurance income
Jasa administrasi nasabah 586,468 563,350 586,882 Customer administration fees
Pendapatan interchange fee kartu kredit 288,860 7,786 71,441 Credit card interchange fee income
Jasa arranging 269,185 294,188 262,415 Arranging fee
Jasa dokumen ekspor-impor 107,812 98,798 109,158 Export-import document fees
Jasa kliring dan transfer 96,097 100,843 91,995 Clearing and transfer fees
Pendapatan annual fee 88,579 79,859 51,394 Annual fee income
Jasa servis kustodian 41,209 91,510 107,302 Custodial services fees
Lain-lain* 555,265 801,600 342,532 Others*
3,002,087 3,154,830 2,413,405
* Termasuk di dalam Lain-lain adalah komisi merchant dan keuntungan atas Included in Others are merchant commission and gains on *
penjualan kredit bermasalah sale of non-performing loans
Provisi dan komisi lainnya dengan pihak berelasi Other fees and commissions with related parties are
diungkapkan pada Catatan 48. disclosed in Note 48.
Halaman – 5/177 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 827
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. KERUGIAN PENURUNAN NILAI ATAS ASET 38. IMPAIRMENT LOSSES ON FINANCIAL AND NON-
KEUANGAN DAN NONKEUANGAN - BERSIH FINANCIAL ASSETS - NET
2024
Months 2023
Months 2022
Months
Pembentukan/(pemulihan) Addition/(reversal)
kerugian penurunan nilai atas: of impairment losses on:
Aset keuangan Financial assets
Kredit yang diberikan 1,416,112 1,730,551 3,239,241 Loans
Tagihan akseptasi 1,195 (11,195) (19,733) Acceptance receivables
Piutang pembiayaan konsumen 361,707 293,358 204,820 Consumer financing receivable
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia (554) - (69) and Bank Indonesia
Efek-efek (22,190) 29,646 446 Marketable securities
Penyertaan 516 - - Investments
Estimasi kerugian atas Estimated losses on
komitmen dan kontinjensi (206,972) (191,406) 150,116 commitments and contingencies
Aset nonkeuangan Non-financial assets
Aset lain-lain 102,382 5,291 198,099 Other assets
Aset yang diambil alih 153,054 150,368 40,789 Foreclosed assets
1,805,250 2,006,613 3,813,709
39. KEUNTUNGAN DARI INSTRUMEN KEUANGAN YANG 39. GAINS FROM FINANCIAL INSTRUMENTS MEASURED
DIUKUR PADA NILAI WAJAR MELALUI LABA RUGI - AT FAIR VALUE THROUGH PROFIT OR LOSS - NET
BERSIH
2024 2023 2022
Derivatif 891,626 992,645 1,951,558 Derivatives
Obligasi Pemerintah (416,207) 131,454 16,837 Government Bonds
Efek-efek (9,893) (26,680) (14,463) Marketable securities
465,526 1,097,419 1,953,932
40. KEUNTUNGAN DARI PENJUALAN ASET KEUANGAN 40. GAINS FROM SALE OF FINANCIAL ASSETS
2024 2023 2022
Obligasi Pemerintah 408,194 478,174 690,451 Government Bonds
Efek-efek 78,344 47,333 49,992 Marketable securities
486,538 525,507 740,443
Keuntungan dari penjualan aset keuangan berdasarkan Gains from sale of financial assets based on its
klasifikasinya adalah: classifications:
2024 2023 2022
Diukur pada nilai wajar melalui laba rugi 535,616 465,268 351,534 Fair value through profit or loss
Diukur pada nilai wajar melalui penghasilan Fair value through other comprehensive
komprehensif lain (49,078) 60,239 388,909 income
486,538 525,507 740,443
Halaman – 5/178 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 828
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
41. BEBAN TENAGA KERJA 41. PERSONNEL EXPENSES
2024 2023 2022
Gaji dan upah 2,652,115 2,563,578 2,416,597 Salaries and wages
Tunjangan karyawan 2,306,293 2,204,497 2,104,041 Allowances for employees
Pelatihan dan pendidikan 176,823 179,337 154,469 Trainings and educations
5,135,231 4,947,412 4,675,107
Termasuk di dalam beban tenaga kerja adalah tunjangan Included in personnel expenses are bonus and vacation
bonus dan Tunjangan Hari Raya (“THR”), pensiun, pay (“THR”), pension, other post retirement obligations,
liabilitas imbalan pasca kerja lainnya, dan tantiem untuk and tantiem for the year ended 31 December 2024
amounting to Rp 1,749,237 (2023: Rp 1,528,689; 2022:
tahun yang berakhir 31 Desember 2024 sebesar Rp 1,358,396).
Rp 1.749.237 (2023: Rp 1.528.689; 2022: Rp 1.358.396).
Selama tahun 2024, 2023, dan 2022, gaji dan kompensasi During 2024, 2023, and 2022, salaries and other
lainnya yang dibayarkan kepada Dewan Komisaris, Dewan allowances for Board of Commissioners, Board of
Direksi, dan Pejabat Eksekutif Bank CIMB Niaga adalah: Directors, and Executive Bank Officers of Bank CIMB
Niaga as follows:
2024 2023 2022
Komisaris Commissioners
Gaji dan tunjangan 29,425 24,082 19,751 Salaries and allowances
Bonus dan THR 1,755 1,105 1,030 Bonus and Vacation Pay
31,180 25,187 20,781
Direksi Directors
Gaji dan tunjangan 72,981 65,691 57,995 Salaries and allowances
Bonus dan THR 81,308 77,014 50,855 Bonus and Vacation Pay
Kompensasi berbasis saham 79,442 12,867 15,160 Share-based payments
Pensiun 4,843 4,464 3,945 Pension
238,574 160,036 127,955
Pejabat Eksekutif Bank Executive Bank Officers
Gaji dan tunjangan 201,074 199,876 197,933 Salaries and allowances
Bonus dan THR 168,220 166,889 125,473 Bonus and Vacation Pay
Kompensasi berbasis saham 38,343 6,673 14,236 Share-based payments
Pensiun 11,979 12,444 12,307 Pension
419,616 385,882 349,949
689,370 571,105 498,685
Halaman – 5/179 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 829
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. BEBAN UMUM DAN ADMINISTRASI 42. GENERAL AND ADMINISTRATIVE EXPENSES
2024 2023 2022
Telepon, telex, komputer Telephone, telex, computer
dan amortisasi software 1,369,551 1,282,731 1,419,440 and software amortisation
Sewa, penyusutan, dan pemeliharaan Rental, depreciation, and
gedung 640,680 668,683 851,253 maintenance of building
Biaya pihak ketiga 531,776 452,521 400,522 Outsourced service expenses
Iklan dan promosi 409,973 419,824 333,202 Advertising and promotion
Biaya tahunan Otoritas Jasa Financial Services Authority
Keuangan (OJK) 154,068 152,247 158,036 annual fee
Biaya penagihan 114,640 106,918 108,374 Collection expenses
Perlengkapan kantor 102,448 71,339 59,509 Office supplies
Transportasi 90,269 82,131 33,148 Transportation
Penyusutan dan pemeliharaan Depreciation and maintenance
perabot kantor 61,879 59,290 65,034 of office furniture
Listrik dan air 61,152 54,358 56,864 Electricity and water
Penyusutan dan pemeliharaan Depreciation and maintenance
kendaraan bermotor 58,934 65,572 59,635 of vehicles
Jasa profesional 55,242 163,484 181,662 Professional fees
Premi asuransi 1,186 6,817 8,353 Insurance premium
Lain-lain 26,430 29,854 23,253 Others
3,678,228 3,615,769 3,758,285
43. PENDAPATAN BUKAN OPERASIONAL - BERSIH 43. NON-OPERATING INCOME - NET
2024 2023 2022
Pendapatan sewa 4,084 5,595 6,544 Rental income
(Kerugian)/keuntungan atas penjualan aset tetap (13,192) 5,076 (3,580) (Losses)/gains on sale of fixed assets
Denda (1,727) (1,299) (275) Fines
Lain-lain - bersih 376,735 152,520 8,281 Others - net
365,900 161,892 10,970
44. LIABILITAS IMBALAN KERJA 44. EMPLOYEE BENEFIT OBLIGATIONS
Liabilitas imbalan kerja terdiri dari: Employee benefit obligations consist as follows:
2024 2023 2022
Beban bonus
yang masih harus dibayar 853,390 842,499 820,768 Accrued bonus
Pensiun dan liabilitas imbalan Pension and other post
pascakerja lainnya 756,014 698,096 641,254 retirement obligations
1,609,404 1,540,595 1,462,022
Halaman – 5/180 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 830
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Pada tanggal 31 Desember 2024, jumlah karyawan Bank As at 31 December 2024, the total Bank CIMB Niaga
CIMB Niaga yang memperoleh imbalan pensiun dan employees who are eligible for retirement and other
imbalan kerja lainnya adalah 9.975 (2023: 9.931; employee benefits were 9,975 (2023: 9,931; 2022: 9,740)
2022: 9.740) (tidak diaudit). (unaudited).
Sesuai dengan kebijakan Bank CIMB Niaga, pegawai In accordance with Bank CIMB Niaga’s policy, employees
mendapat fasilitas imbalan pensiun dan imbalan kerja are entitled to the pension benefit and other long term
jangka panjang lainnya, sebagai berikut: benefit, as follows:
Imbalan pensiun Pension benefits
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, Bank CIMB
penilaian liabilitas pensiun dilakukan oleh Bank CIMB Niaga’s calculation of pension obligation using actuarial
Niaga menggunakan asumsi-asumsi penilaian aktuaria assumptions, were calculated by Kantor Konsultan
yang dihitung oleh Kantor Konsultan Aktuaria Steven & Aktuaria Steven & Mourits (formerly PT Dayamandiri
Mourits (dahulu PT Dayamandiri Dharmokonsolindo) Dharmokonsolindo) as stated in their report dated
sebagaimana tercatat dalam laporannya tertanggal 7 January 2025, 2 January 2024, and 10 January 2023
7 Januari 2025, 2 Januari 2024, dan 10 Januari 2023 using the “Projected Unit Credit” method.
dengan menggunakan metode “Projected Unit Credit”.
Bank CIMB Niaga menyelenggarakan 2 (dua) program Bank CIMB Niaga sponsors 2 (two) pension employee
pensiun yang terdiri dari program pensiun manfaat pasti program plans consisting of a defined benefit plan and
dan program iuran pasti sebagai berikut: defined contribution plan, as follows:
a. Manfaat pasti a. Defined benefit plan
Manfaat pasti diselenggarakan untuk sebagian Bank CIMB Niaga sponsors a defined benefit pension
karyawan tetap Bank CIMB Niaga yang dikelola dan retirement program covering a certain number of its
diadministrasikan oleh Dana Pensiun Bank CIMB permanent employees which is managed and
Niaga. administered by Dana Pensiun Bank CIMB Niaga.
Program tersebut memberikan manfaat pensiun yang The plan calls for benefits to be paid to eligible
akan dibayarkan kepada karyawan yang berhak pada employees at retirement or when the employees
saat karyawan pensiun atau pada saat karyawan resign according to the pension fund regulation which
tersebut berhenti sesuai dengan peraturan dana is designed to comply with Pension Fund Regulation.
pensiun yang bersangkutan yang dibuat sesuai The benefits paid at retirement are calculated based
dengan Undang-Undang Dana Pensiun. Manfaat on the pension benefit formula as set forth in the
pensiun dihitung berdasarkan formula manfaat Regulation of Pension Funds.
pensiun sebagaimana tertuang dalam Peraturan
Dana Pensiun.
Pendanaan program pensiun ini dilakukan oleh Bank Bank CIMB Niaga has funded the plan through annual
CIMB Niaga dengan membayar iuran tahunan yang contributions which are sufficient to meet the
setidaknya memenuhi jumlah minimum seperti yang minimum requirements set forth in applicable pension
diharuskan oleh peraturan perundang-undangan fund laws.
dana pensiun yang berlaku.
Halaman – 5/181 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 831
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Jumlah iuran ini umumnya meliputi imbalan pensiun This contribution usually reflects benefits attributed to
untuk jasa karyawan masa kini, amortisasi biaya jasa employees’ current service costs, as well as
lalu, dan koreksi aktuarial. amortisation of past service cost, and actuarial
adjustments.
Berikut ini adalah asumsi yang diungkapkan dalam The following are assumptions disclosed in the
laporan aktuaria tanggal 7 Januari 2025, 2 Januari actuarial report dated 7 January 2025, 2 January
2024, dan 10 Januari 2023 dalam menghitung liabilitas 2024, and 10 January 2023 to calculate the
pensiun pada tanggal 31 Desember 2024, 2023, dan retirement benefits liability as at 31 December 2024,
2022. 2023, and 2022.
Asumsi-asumsi utama yang digunakan oleh aktuaris The key assumptions used by the independent
independen dalam perhitungan adalah: actuary in calculation were as follows:
2024 2023 2022
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto 7.10% per tahun/ 6.70% per tahun/ 7.30% per tahun/ Discount rate
per annum per annum per annum
Tingkat kenaikan gaji 6% per tahun/ 6% per tahun/ 6% per tahun/ Salary increase rate
per annum per annum per annum
Asumsi lainnya: Other assumptions:
Proyeksi kenaikan pensiun di masa datang 5% per tahun/ 5% per tahun/ 5% per tahun/ Expected future pension increases
per annum per annum per annum
Usia pensiun normal 55 tahun/ 55 tahun/ 55 tahun/ Normal retirement age
years years years
Tingkat kematian Tabel Mortalitas Tabel Mortalitas Tabel Mortalitas Mortality rate
Indonesia 2019 Indonesia 2019 Indonesia 2019
(TMI 2019)/ (TMI 2019)/ (TMI 2019)/
Indonesian Mortality Indonesian Mortality Indonesian Mortality
Table 2019 Table 2019 Table 2019
(IMT 2019) (IMT 2019) (IMT 2019)
Tingkat cacat 10% dari TMI 2019/ 10% dari TMI 2019/ 10% dari TMI 2019/ Disability rate
of IMT 2019 of IMT 2019 of IMT 2019
Imbal hasil atas aset program 7.10% per tahun/ 6.70% per tahun/ 7.30% per tahun/ Implied rate of return on plan assets
per annum per annum per annum
Tingkat pengunduran diri 10% untuk usia 10% untuk usia 10% untuk usia Resignation rate
sampai dengan 25 sampai dengan 25 sampai dengan 25
tahun, dan menurun tahun, dan menurun tahun, dan menurun
dengan garis lurus dengan garis lurus dengan garis lurus
0% pada usia 44 0% pada usia 44 0% pada usia 44
tahun dan 1% tahun dan 1% tahun dan 1%
setelahnya/ setelahnya/ setelahnya/
10% up to age 25, 10% up to age 25, 10% up to age 25,
then decreasing then decreasing then decreasing
linearly to 0% at linearly to 0% at linearly to 0% at
age 44 and 1% age 44 and 1% age 44 and 1%
thereafter thereafter thereafter
Proporsi pensiun normal 100% 100% 100% Proportion of normal retirement
Halaman – 5/182 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 832
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Jumlah yang diakui di laporan posisi keuangan The amounts recognised in the consolidated statements
konsolidasian ditentukan sebagai berikut: of financial position are determined as follows:
2024 2023 2022
Bank CIMB Niaga Bank CIMB Niaga
Nilai wajar aset program 513,726 540,179 551,123 Fair value of plan assets
Nilai kini liabilitas manfaat Present value of funded
pasti yang didanai (583,476) (604,603) (609,796) defined benefit obligation
(69,750) (64,424) (58,673)
Entitas Anak (51,700) (67,451) (70,135) Subsidiaries
Liabilitas di laporan posisi keuangan Liability recognised in consolidated
konsolidasian (121,450) (131,875) (128,808) statements of financial position
Mutasi nilai kini liabilitas manfaat pasti yang didanai The movement in the present value of funded defined
selama tahun berjalan adalah sebagai berikut: benefit obligations of the year were as follows:
2024 2023 2022
Present value of
Nilai kini liabilitas pada awal tahun 604,603 609,796 748,913 obligation at beginning of the year
Biaya bunga 41,576 42,757 46,982 Interest cost
Biaya jasa kini - bruto 11,319 13,007 (170,001) Current service cost - gross
Pembayaran imbalan pada tahun berjalan (76,313) (70,783) (65,407) Benefit payments in current year
Pengukuran kembali: Remeasurements:
Kerugian aktuarial yang Actuarial losses from changes in
timbul dari perubahan asumsi keuangan 9,234 19,061 4,194 financial assumption
(Keuntungan)/kerugian aktuarial yang Actuarial (gains)/losses from changes in
timbul dari penyesuaian pengalaman (6,943) (9,235) 45,115 experience adjustments
Present value of
Nilai kini liabilitas pada akhir tahun 583,476 604,603 609,796 obligation at end of the year
Rekonsiliasi nilai wajar aset program adalah: The reconciliation of fair value of plan assets is as
follows:
2024 2023 2022
Saldo awal 540,179 551,123 535,722 Beginning balance
Bunga 37,099 38,606 41,437 Interest
Kontribusi perusahaan 35,600 36,863 40,323 Company's contributions
Kontribusi karyawan 2,686 3,273 3,239 Employees' contributions
Kerugian aktuarial (25,525) (18,903) (4,191) Actuarial loss
Pembayaran selama tahun berjalan (76,313) (70,783) (65,407) Benefits payments during the year
Saldo akhir 513,726 540,179 551,123 Ending balance
Halaman – 5/183 – Page
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Page 833
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Aset program terdiri dari: Plan assets comprise the following:
2024 2023 2022
Dikuotasi/ Tidak dikuotasi/ Jumlah/ Dikuotasi/ Tidak dikuotasi/ Jumlah/ Dikuotasi/ Tidak dikuotasi/ Jumlah/
Quoted Unquoted Total Quoted Unquoted Total Quoted Unquoted Total
Instrumen ekuitas Equity instrument
Saham 103,708 - 103,708 112,090 - 112,090 115,859 - 115,859 Stocks
Reksadana 5,120 - 5,120 12,089 - 12,089 27,414 - 27,414 Mutual fund
Penempatan langsung - 165,086 165,086 - 164,925 164,925 - 164,941 164,941 Direct placement
Instrumen utang Debt instrument
Obligasi 29,320 - 29,320 24,941 - 24,941 14,287 - 14,287 Bonds
Surat berharga pemerintah 168,406 - 168,406 187,254 - 187,254 189,793 - 189,793 Government bonds
Kas dan setara kas Cash and cash equivalent
Deposito on call - 5,240 5,240 - 2,768 2,768 - 4,128 4,128 Deposit on call
Deposito - 12,984 12,984 - 3,523 3,523 - 7,047 7,047 Deposit
Lain-lain - 23,862 23,862 - 32,589 32,589 - 27,654 27,654 Others
Jumlah 306,554 207,172 513,726 336,374 203,805 540,179 347,353 203,770 551,123 Total
Jumlah yang diakui di laba rugi adalah: The amounts recognised in profit or loss were as
follows:
2024 2023 2022
Bank CIMB Niaga Bank CIMB Niaga
Biaya jasa kini (8,633) (9,734) 173,240 Current service cost
Bunga bersih (4,477) (4,151) (5,545) Net Interest
(13,110) (13,885) 167,695
Entitas Anak - - (13,092) Subsidiaries
Jumlah, disajikan sebagai bagian dari Total, included in personnel
beban tenaga kerja (13,110) (13,885) 154,603 expenses
Mutasi saldo liabilitas yang diakui di dalam laporan The liability movement recognised in the consolidated
posisi keuangan konsolidasian adalah: statements of financial position:
2024 2023 2022
Saldo awal (64,424) (58,673) (213,191) Beginning balance
(Beban)/pendapatan tahun berjalan (13,110) (13,885) 167,695 Current year (expenses)/income
Jumlah yang diakui pada pendapatan Total amount recognised in other
komprehensif lain (27,816) (28,729) (53,500) comprehensive income
Kontribusi pemberi kerja terhadap Employer contribution
dana pensiun 35,600 36,863 40,323 to the pension fund
(69,750) (64,424) (58,673)
Entitas Anak (51,700) (67,451) (70,135) Subsidiaries
Saldo akhir (121,450) (131,875) (128,808) Ending balance
Halaman – 5/184 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 834
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Sensitivitas dari kewajiban manfaat pasti terhadap The sensitivity of defined benefit obligation to changes
perubahan asumsi aktuaria adalah sebagai berikut: in the weighted assumptions is as follows:
Dampak terhadap kewajiban manfaat pasti/
Impact on defined benefit obligation
2024 2023 2022
Nilai kini kewajiban Nilai kini kewajiban Nilai kini kewajiban
manfaat pasti/ manfaat pasti/ manfaat pasti/
Perubahan Asumsi/ Present value of Biaya jasa kini/ Present value of Biaya jasa kini/ Present value of Biaya jasa kini/
Change in Assumption defined benefit obligation Current service cost defined benefit obligation Current service cost defined benefit obligation Current service cost
Tingkat diskonto Kenaikan/Increase 1% 573,159 (10,317) 592,457 (12,146) 596,865 (12,931) Discount rate
Penurunan/Decrease 1% 594,604 11,128 617,760 13,157 623,838 14,042
Tingkat kenaikan gaji Kenaikan/Increase 1% 594,608 11,132 617,704 13,101 623,818 14,022 Salary increase rate
Penurunan/Decrease 1% 572,966 (10,510) 592,284 (12,319) 596,650 (13,146)
Analisis sensitivitas didasarkan pada perubahan atas The sensitivity analysis is based on a change in one
satu asumsi aktuarial dimana asumsi lainnya assumption while holding all other assumptions
dianggap konstan. Dalam perhitungan sensitivitas constant. When calculating the sensitivity of the
kewajiban imbalan pasti atas asumsi aktuarial utama, defined benefit obligation to significant actuarial
metode yang sama (perhitungan nilai kini kewajiban assumptions, the same method (present value of the
imbalan pasti dengan menggunakan metode defined benefit obligation calculated with the projected
projected unit credit di akhir tahun pelaporan) telah unit credit method at the end of the reporting year) has
diterapkan seperti dalam penghitungan kewajiban been applied as when calculating the pension liability
pensiun yang diakui dalam laporan posisi keuangan recognised within the consolidated statements of
konsolidasian. financial position.
Investasi telah terdiversifikasi dengan baik, sehingga Investments are well-diversified, such that the failure
kinerja buruk satu investasi tidak akan memberikan of any single investment would not have a material
dampak material bagi seluruh kelompok aset. impact to the overall group of assets. The largest
Proporsi terbesar aset investasi ditempatkan pada proportion of assets are invested in equity and debt
instrumen ekuitas dan utang. Diyakini bahwa instruments. Equity and debt instruments are
instrumen ekuitas dan utang memberikan imbal hasil expected to contribute best yields in long term at the
yang paling baik dalam jangka panjang pada tingkatan acceptable risk level. For defined benefit program
risiko yang dapat diterima. Untuk program manfaat most of equity instruments are stocks and direct
pasti sebagian instrumen ekuitas merupakan saham placement.
dan penempatan langsung.
Hasil yang diharapkan dari aset program ditentukan The expected return on plan assets is determined by
dengan mempertimbangkan imbal hasil yang considering the expected returns available on the
diharapkan atas aset yang mengacu pada kebijakan assets in accordance to the current investment policy.
investasi. Hasil investasi bunga tetap didasarkan Expected yields on fixed interest investments are
pada hasil pengembalian bruto pada tanggal based on gross redemption yields as of the reporting
pelaporan. Hasil yang diharapkan dari investasi date. Expected returns on equity and property
ekuitas dan properti mencerminkan tingkat imbal hasil investments reflect long-term real rates of return
jangka panjang aktual yang terjadi untuk tiap-tiap experienced in the respective markets.
pasar.
Kontribusi Bank untuk program manfaat pasti untuk The Bank’s contribution to the defined benefit plan for
tahun 2024, 2023, dan 2022 masing masing sebesar the year 2024, 2023, and 2022 are Rp 35,600,
Rp 35.600, Rp 36.863 dan Rp 40.323. Rp 36,863 and Rp 40,323, respectively.
Halaman – 5/185 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 835
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Risiko yang terekspos pada program manfaat pasti The exposed risks in defined benefit pension plan is
adalah adanya tingkat hasil investasi dibawah asumsi the lower return on investment compared to
tingkat diskonto dan kenaikan gaji aktual yang lebih assumption on discount rate and the increase of actual
besar dari asumsi. Hal tersebut menimbulkan salary is higher than its assumption. These will cause
peningkatan iuran yang dibayarkan kepada Dana an increase in benefit paid to Pension Fund.
Pensiun.
Analisis jatuh tempo yang diharapkan Expected maturity analysis (undiscounted) of pension
(tidak didiskontokan) dari manfaat pensiun adalah benefit is as follows:
sebagai berikut:
Manfaat pasti/ Dalam 1 tahun/ Antara 1 sampai 5 tahun/ Lebih dari 5 tahun/ Jumlah/
Defined benefit Within 1 year Between 1 to 5 years Over 5 years Total
Manfaat pasti 2024 28,094 124,826 1,364,622 1,517,542 Defined benefit
2023 28,329 125,487 1,542,256 1,696,072
2022 33,544 124,683 1,699,690 1,857,917
b. Program iuran pasti b. Defined contribution plan
Program Iuran Pasti dikelola oleh Dana Pensiun The defined contributions program is managed by
Lembaga Keuangan AIA dan Dana Pensiun Lembaga Lembaga Keuangan AIA and Dana Pensiun Lembaga
Keuangan Manulife. Keuangan Manulife.
Berdasarkan Undang-Undang terkait Under the Law related to Labor, the entity is required
Ketenagakerjaan, entitas diwajibkan membayar to pay a certain amount to employees who have
jumlah tertentu kepada para pekerja yang telah entered a retirement age determined based on their
memasuki usia pensiun yang ditentukan berdasarkan years of service. On this basis, for the purpose of
masa kerjanya. Atas dasar hal tersebut, untuk tujuan financial reporting, Bank CIMB Niaga is required to
pelaporan keuangan, Bank CIMB Niaga wajib establish an allowance based on the value in
membentuk pencadangan berdasarkan nilai sesuai accordance with the Law related to Labor, taking into
account the contributions that have been paid-in the
dengan Undang-Undang terkait Ketenagakerjaan
defined contribution program.
tersebut dengan mempertimbangkan iuran yang
sudah dibayarkan dalam program iuran pasti.
Berikut ini adalah asumsi yang diungkapkan dalam The following are assumptions disclosed in the
laporan aktuaria tanggal 7 Januari 2025, 2 Januari actuarial report dated 7 January 2025, 2 January 2024,
2024, dan 10 Januari 2023 dalam menghitung and 10 January 2023 to calculate the retirement
liabilitas pensiun pada tanggal 31 Desember 2024, benefits liability as at 31 December 2024, 2023, and
2023, dan 2022. 2022.
Halaman – 5/186 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 836
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
b. Program iuran pasti (lanjutan) b. Defined contribution plan (continued)
Asumsi-asumsi utama yang digunakan dalam The key assumptions used by the independent actuary
menentukan biaya imbalan pensiun oleh aktuaris for the calculation of pension benefit expenses, were
independen adalah: as follows:
2024 2023 2022
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto 7.10% per tahun/ 6.70% per tahun/ 7.20% per tahun/ Discount rate
per annum per annum per annum
Tingkat kenaikan gaji 6% per tahun/ 6% per tahun/ 6% per tahun/ Salary increase rate
per annum per annum per annum
Asumsi lainnya: Other assumptions:
Usia pensiun normal 55 tahun/ 55 tahun/ 55 tahun/ Normal retirement age
years years years
Tingkat kematian Tabel Mortalitas Tabel Mortalitas Tabel Mortalitas Mortality rate
Indonesia 2019 Indonesia 2019 Indonesia 2019
(TMI 2019)/ (TMI 2019)/ (TMI 2019)/
Indonesian Mortality Indonesian Mortality Indonesian Mortality
Table 2019 Table 2019 Table 2019
(IMT 2019) (IMT 2019) (IMT 2019)
Tingkat cacat 10% dari TMI 2019/ 10% dari TMI 2019/ 10% dari TMI 2019/ Disability rate
of IMT 2019 of IMT 2019 of IMT 2019
Imbal hasil atas aset program 7.10% per tahun/ 6.70% per tahun/ 7.20% per tahun/ Implied rate of return on plan assets
per annum per annum per annum
Tingkat pengunduran diri 10% untuk usia 10% untuk usia 10% untuk usia Resignation rate
sampai dengan 25 sampai dengan 25 sampai dengan 25
tahun, dan menurun tahun, dan menurun tahun, dan menurun
dengan garis lurus dengan garis lurus dengan garis lurus
0% pada usia 44 0% pada usia 44 0% pada usia 44
tahun dan 1% tahun dan 1% tahun dan 1%
setelahnya/ setelahnya/ setelahnya/
10% up to age 25, 10% up to age 25, 10% up to age 25,
then decreasing then decreasing then decreasing
linearly to 0% at linearly to 0% at linearly to 0% at
age 44 and 1% age 44 and 1% age 44 and 1%
thereafter thereafter thereafter
Proporsi pensiun normal 100% 100% 100% Proportion of normal retirement
Halaman – 5/187 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 837
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
b. Program iuran pasti (lanjutan) b. Defined contribution plan (continued)
Asumsi tingkat pengembalian investasi dihitung The rate of return on investment is calculated based on
berdasarkan proyeksi jangka panjang dengan long term outlook and take into account actual historical
mengacu pada tingkat pengembalian aktual historis. rate of return.
Jumlah liabilitas yang diakui di dalam laporan posisi The liability recognised in the consolidated statements
keuangan konsolidasian adalah: of financial position:
2024 2023 2022
Bank CIMB Niaga Bank CIMB Niaga
Nilai wajar aset program 16,966 44,451 29,112 Fair value of plan assets
Nilai kini liabilitas iuran Present value of funded
pasti yang didanai (528,758) (498,221) (446,510) defined contribution obligation
Liabilitas yang diakui di laporan Liability recognised in consolidated
posisi keuangan konsolidasian (511,792) (453,770) (417,398) statements of financial position
Mutasi nilai kini liabilitas iuran pasti yang didanai The movement in the present value of funded defined
selama tahun berjalan adalah sebagai berikut: contribution of the year were as follows:
2024 2023 2022
Present value of
Nilai kini liabilitas pada awal tahun 498,221 446,510 436,905 obligation at beginning of the year
Biaya jasa lalu (1,366) (1,878) 9,408 Past service cost
Biaya bunga 34,215 31,300 28,758 Interest cost
Biaya jasa kini - bruto 67,796 63,522 18,990 Current service cost - gross
Pembayaran imbalan dari aset program (52,591) (34,600) (68,839) Benefit payments from plan assets
Pembayaran imbalan oleh perusahaan (2,246) (2,550) (2,368) Benefit payments from company
Pengukuran kembali: Remeasurements:
Kerugian/(keuntungan) aktuarial yang Actuarial losses/(gains) from changes in
timbul dari perubahan asumsi keuangan (24,333) 7,275 3,403 financial assumption
(Keuntungan)/kerugian aktuarial yang timbul dari Actuarial (gains)/losses from changes in
penyesuaian pengalaman 9,062 (11,358) 20,253 experience adjustment
Present value of
Nilai kini liabilitas pada akhir tahun 528,758 498,221 446,510 obligation at end of year
Rekonsiliasi nilai wajar aset program adalah: The reconciliation of fair value of plan assets is as
follows:
2024 2023 2022
Saldo awal 44,451 29,112 52,151 Beginning balance
Bunga 2,411 3,125 3,902 Interest
Kontribusi Perusahaan 30,000 50,000 50,000 Company's contributions
Kerugian aktuaria (7,305) (3,186) (8,102) Actuarial loss
Pembayaran selama tahun berjalan (52,591) (34,600) (68,839) Benefit payments during the year
Saldo akhir 16,966 44,451 29,112 Ending balance
Halaman – 5/188 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 838
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
b. Program iuran pasti (lanjutan) b. Defined contribution plan (continued)
Aset program pada tanggal 31 Desember 2024, Plan assets as at 31 December 2024, 2023, and 2022
2023, dan 2022 adalah dalam bentuk giro dan were in form of current accounts and time deposits.
deposito berjangka.
Jumlah yang diakui di laba rugi adalah: The amounts recognised in profit or loss were as
follows:
2024 2023 2022
Bank CIMB Niaga Bank CIMB Niaga
Biaya jasa kini (67,797) (63,522) (18,990) Current service cost
Bunga bersih (31,804) (28,175) (24,856) Net Interest
Biaya jasa tahun lalu 1,366 1,878 (9,408) Past service cost
Jumlah, disajikan sebagai bagian dari Total, included in personnel
beban tenaga kerja (98,235) (89,819) (53,254) expenses
Jumlah yang diakui di laporan posisi keuangan The amounts recognised in the consolidated
konsolidasian adalah: statements of financial position were as follows:
2024 2023 2022
Saldo awal (453,770) (417,398) (384,754) Beginning balance
Pendapatan/(beban) imbalan kerja yang diakui Employee benefit incomes/(expenses)
tahun berjalan (98,235) (89,819) (53,254) recognised in the current year
Jumlah yang diakui pada pendapatan Total amount recognized in other
komprehensif lain 7,966 897 (31,758) comprehensive income
Pembayaran imbalan 2,247 2,550 2,368 Actual benefit payments
Kontribusi pemberi kerja terhadap Employer contribution
dana pensiun 30,000 50,000 50,000 to the pension fund
Saldo akhir (511,792) (453,770) (417,398) Ending balance
Sensitivitas dari kewajiban iuran pasti terhadap The sensitivity of defined contribution obligation to
perubahan asumsi aktuaria adalah sebagai berikut: changes in the weighted assumptions is as follows:
Dampak terhadap kewajiban iuran pasti/
Impact on defined contribution obligation
2024 2023 2022
Nilai kini kewajiban Nilai kini kewajiban Nilai kini kewajiban
iuran pasti/ iuran pasti/ iuran pasti/
Perubahan Asumsi/ Present value of Biaya jasa kini/ Present value of Biaya jasa kini/ Present value of Biaya jasa kini/
Change in Assumption contribution obligation Current service cost contribution obligation Current service cost contribution obligation Current service cost
Tingkat diskonto Kenaikan/increase 1% 461,807 (66,951) 431,925 (66,296) 388,347 (58,163) Discount rate
Penurunan/decrease 1% 615,261 86,503 583,170 84,949 520,315 73,805
Tingkat kenaikan gaji Kenaikan/increase 1% 613,340 84,582 581,031 82,810 518,533 72,023 Salary increase rate
Penurunan/decrease 1% 461,975 (66,783) 432,261 (65,960) 388,616 (57,894)
Halaman – 5/189 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 839
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
b. Program iuran pasti (lanjutan) b. Defined contribution plan (continued)
Analisis sensitivitas didasarkan pada perubahan atas The sensitivity analysis are based on a change in an
satu asumsi aktuarial dimana asumsi lainnya assumption while holding all other assumptions
dianggap konstan. Dalam perhitungan sensitivitas constant. When calculating the sensitivity of the
kewajiban iuran pasti atas asumsi aktuarial utama, defined contribution obligation to significant actuarial
metode yang sama (perhitungan nilai kini kewajiban assumptions, the same method (present value of the
iuran pasti dengan menggunakan metode projected defined contribution obligation calculated with the
unit credit di akhir tahun) telah diterapkan seperti projected unit credit method at the end of the
dalam penghitungan kewajiban pensiun yang diakui reporting year) has been applied as when calculating
dalam laporan posisi keuangan konsolidasian. the pension liability recognised within the
consolidated statements of financial position.
Kontribusi Bank untuk program iuran pasti tahun 2024 The Bank’s contribution to the defined contribution
adalah sebesar Rp 30.000 (2023: Rp 50.000; 2022: plan for the year 2024 is Rp 30,000 (2023: Rp 50,000
Rp 50.000). 2022: Rp 50,000).
Risiko yang terekspos pada program iuran pasti The exposed risks in defined contribution plan is the
adalah hasil investasi dibawah asumsi tingkat lower return on investment compared to assumption
diskonto. Hal ini akan mengakibatkan akumulasi iuran on discount rate and therefore, will cause
aktual lebih kecil dari nilai yang diasumsikan sehingga accumulated actual contribution to be lower than its
mengakibatkan selisih pembayaran terhadap assumption, increase the difference in the amount of
Undang-Undang terkait Ketenagakerjaan akan contribution based on Law related to Labor, and will
meningkat dan berdampak pada beban dan liabilitas also increase the amount of the related expenses and
yang akan meningkat pula. liabilities.
Analisis jatuh tempo yang diharapkan Expected maturity analysis (undiscounted) of pension
(tidak didiskontokan) dari manfaat pensiun adalah benefit is as follows:
sebagai berikut:
Iuran pasti/ Dalam 1 tahun/ Antara 1 sampai 5 tahun/ Lebih dari 5 tahun/ Jumlah/
Defined contribution Within 1 year Between 1 to 5 years Over 5 years Total
Iuran pasti 2024 74,257 345,269 2,546,098 2,965,624 Defined contribution
2023 55,325 324,023 2,238,158 2,617,506
2022 45,938 296,240 1,855,851 2,198,029
Halaman – 5/190 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 840
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
c. Imbalan jangka panjang lainnya c. Other long term benefit
Imbalan jangka panjang lainnya merupakan Other long term benefit is long service award in the
penghargaan masa kerja jangka panjang dalam form of award at every completion of certain period
bentuk pemberian penghargaan setiap pencapaian of service.
masa kerja tertentu.
Berikut ini adalah asumsi yang diungkapkan dalam The following are assumptions disclosed in the
laporan aktuaria tanggal 7 Januari 2025, 2 Januari actuarial report dated 7 January 2025, 2 January
2024, dan 10 Januari 2023 dalam menghitung 2024, and 10 January 2023 to calculate the
liabilitas pensiun pada tanggal 31 Desember 2024, retirement benefits liability as at 31 December 2024,
2023, dan 2022. 2023, and 2022.
2024 2023 2022
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto 7.10% per tahun/ 6.70% per tahun/ 7.20% per tahun/ Discount rate
per annum per annum per annum
Tingkat kenaikan gaji 6% per tahun/ 6% per tahun/ 6% per tahun/ Salary increase rate
per annum per annum per annum
Asumsi lainnya: Other assumptions:
Usia pensiun normal 55 tahun/ 55 tahun/ 55 tahun/ Normal retirement age
years years years
Tingkat kematian Tabel Mortalitas Tabel Mortalitas Tabel Mortalitas Mortality rate
Indonesia 2019 Indonesia 2019 Indonesia 2019
(TMI 2019)/ (TMI 2019)/ (TMI 2019)/
Indonesian Mortality Indonesian Mortality Indonesian Mortality
Table 2019 Table 2019 Table 2019
(IMT 2019) (IMT 2019) (IMT 2019)
Tingkat cacat 10% dari TMI 2019/ 10% dari TMI 2019/ 10% dari TMI 2019/ Disability rate
of IMT 2019 of IMT 2019 of IMT 2019
Tingkat pengunduran diri 10% untuk usia 10% untuk usia 10% untuk usia Resignation rate
sampai dengan 25 sampai dengan 25 sampai dengan 25
tahun, dan menurun tahun, dan menurun tahun, dan menurun
dengan garis lurus dengan garis lurus dengan garis lurus
0% pada usia 44 0% pada usia 44 0% pada usia 44
tahun dan 1% tahun dan 1% tahun dan 1%
setelahnya/ setelahnya/ setelahnya/
10% up to age 25, 10% up to age 25, 10% up to age 25,
then decreasing then decreasing then decreasing
linearly to 0% at linearly to 0% at linearly to 0% at
age 44 and 1% age 44 and 1% age 44 and 1%
thereafter thereafter thereafter
Proporsi pensiun normal 100% 100% 100% Proportion of normal retirement
Mutasi saldo liabilitas yang diakui di dalam laporan The liability movement recognised in the
posisi keuangan konsolidasian adalah: consolidated statements of financial position:
2024 2023 2022
Saldo awal (112,451) (95,048) (87,307) Beginning balance
Beban yang diakui tahun berjalan (20,905) (24,034) (16,212) Expenses recognized in the current year
Pembayaran imbalan 10,584 6,631 8,471 Actual benefit payments
Saldo akhir (122,772) (112,451) (95,048) Ending balance
Halaman – 5/191 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 841
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
c. Imbalan kerja panjang lainnya (lanjutan) c. Other long term benefit (continued)
Jumlah yang diakui sebagai laba rugi adalah: The amounts recognised as profit or loss were as
follows:
2024 2023 2022
Biaya jasa kini (13,133) (11,812) (10,196) Current service cost
Beban bunga (7,903) (6,941) (6,363) Interest cost
(Kerugian)/keuntungan aktuarial 131 (5,281) 347 Actuarial (losses)/gains
Jumlah, disajikan sebagai bagian dari Total, included in personnel
beban tenaga kerja (20,905) (24,034) (16,212) expense
Sensitivitas dari liabilitas imbalan pascakerja The sensitivity of other post-employment obligations
lainnya terhadap perubahan asumsi aktuaria to changes in the weighted assumptions is as follows:
adalah sebagai berikut:
Dampak terhadap liabilitas imbalan pascakerja lainnya/
Impact on other post-retirement obligations
2024 2023 2022
Nilai kini imbalan Nilai kini imbalan Nilai kini imbalan
kerja lainnya/ kerja lainnya/ kerja lainnya/
Perubahan asumsi/ Present value of other Biaya jasa kini/ Present value of other Biaya jasa kini/ Present value of other Biaya jasa kini/
Change in assumption employee benefit obligation Current service cost employee benefit obligation Current service cost employee benefit obligation Current service cost
Tingkat diskonto Kenaikan/increase 1% 114,105 (8,667) 104,301 (8,150) 88,185 (6,863) Discount rate
Penurunan/decrease 1% 132,571 9,799 121,679 9,228 102,808 7,760
Tingkat kenaikan gaji Kenaikan/increase 1% 132,580 9,808 121,652 9,201 102,817 7,769 Salary increase rate
Penurunan/decrease 1% 113,943 (8,829) 104,179 (8,272) 88,058 (6,990)
Analisis sensitivitas didasarkan pada perubahan The sensitivity analysis are based on a change in an
atas satu asumsi aktuarial dimana asumsi lainnya assumption while holding all other assumptions
dianggap konstan. Dalam perhitungan sensitivitas constant. When calculating the sensitivity of the other
liabilitas imbalan pascakerja lainnya atas asumsi post-employment obligations to significant actuarial
assumptions, the same method (present value of the
aktuarial utama, metode yang sama (perhitungan other post-employment obligations calculated with the
nilai kini liabilitas imbalan pascakerja lainnya projected unit credit method at the end of the reporting
dengan menggunakan metode projected unit credit year) has been applied as when calculating the
di akhir tahun pelaporan) telah diterapkan seperti pension liability recognised within the consolidated
dalam penghitungan kewajiban pensiun yang diakui statements of financial position.
dalam laporan posisi keuangan konsolidasian.
Analisis jatuh tempo yang diharapkan (tidak Expected maturity analysis (undiscounted) of pension
didiskontokan) dari manfaat pensiun adalah benefit is as follows:
sebagai berikut:
Imbalan kerja jangka panjang lainnya/ Dalam 1 tahun/ Antara 1 sampai 5 tahun/ Lebih dari 5 tahun/ Jumlah/
Other long term benefit Within 1 year Between 1 to 5 years Over 5 years Total
2024 13,972 59,500 520,932 594,404
2023 9,968 54,375 478,928 543,271
2022 7,755 47,320 428,463 483,538
Halaman – 5/192 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 842
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. PROGRAM KEPEMILIKAN SAHAM DAN CADANGAN 45. EQUITY OWNERSHIP PLAN AND SHARE-BASED
KOMPENSASI BERBASIS SAHAM COMPENSATION RESERVE
Program Kepemilikan Saham (“EOP”) Equity Ownership Plan (“EOP”)
EOP diberikan pada bulan Maret 2011 oleh Grup CIMB The EOP was introduced in March 2011 by CIMB Group
dimana Grup CIMB dalam hal ini memberikan saham where CIMB Group will grant ordinary shares of CIMB
biasa atas Grup CIMB untuk karyawan-karyawan tertentu Group to selected employees of Bank CIMB Niaga
Senior Vice President (“SVP”) dan Executive Vice Senior Vice President (“SVP”) and Executive Vice
President (“EVP”) dan Dewan Direksi yang akan President (“EVP”) and Board of Directors which will be
dibebankan langsung kepada Bank CIMB Niaga. directly charged to Bank CIMB Niaga. Under the EOP,
Berdasarkan EOP tersebut, bagian dari remunerasi earmarked portions of variable remuneration of selected
karyawan-karyawan tertentu tersebut akan digunakan employees of Bank CIMB Niaga will be utilised to
untuk membeli saham biasa Grup CIMB dari pasar. purchase ordinary shares of CIMB Group from the
Saham yang dibeli akan diberikan secara progresif market. The purchased shares will be released
kepada karyawan yang berhak berdasarkan tanggal- progressively to the eligible employees at various dates
tanggal tertentu setelah tanggal pembelian, tergantung after the purchase date, subject to employment with
pada hubungan kerja antara karyawan tersebut dan Bank Bank CIMB Niaga.
CIMB Niaga.
Perusahaan terkait akan bertindak mewakili Grup CIMB A related company will act on behalf of CIMB Group to
untuk melakukan administrasi atas EOP dan menyimpan administer the EOP and to hold the shares in trust up to
saham tersebut sampai dengan tanggal penyerahan. the pre-determined transfer date. The eligibility of
Kelayakan akan keikutsertaan pada EOP ditentukan oleh participation in the EOP shall be at the discretion of the
kebijakan dari Group Compensation Review Committee Group Compensation Review Committee of
of CIMB Group. CIMB Group.
Apabila terjadi pemutusan hubungan kerja selain In the case of termination of employment other than
pensiun, cacat atau kematian, karyawan tidak akan retirement, disability or death, employee will not receive
mendapatkan saham-saham yang belum diberikan. any unreleased shares.
Berikut ini adalah rincian EOP yang diberikan oleh Grup Below is the detail of EOP granted by CIMB Group:
CIMB:
Jumlah yang dibayar Harga rata-rata
Bank kepada per lembar
perusahaan yang saham (nilai
dibentuk Grup Jumlah penuh)/
CIMB/Amount paid lembar saham Average price
by Bank to the (nilai penuh)/ per share Tranche/ Tranche
Tanggal pemberian entity established Total shares (full amount) Tanggal efektif/ Persentase/ Periode vesting/ Vesting
EOP /EOP granted date by CIMB Group (full amount) RM Effective date Percentage period
11 Maret/March dan/and 9 30,733 2,402,049 3.52 11 Maret/March 33.33% 31 Maret/March 2021
April/April 2020 dan/and 9 April/April 33.33% 31 Maret/March 2022
2020 33.33% 31 Desember/December 2022
9 Maret/March dan/and 10,524 707,958 4.21 9 Maret/March dan/and 33.33% 31 Maret/March 2022
5 April/April 2021 5 April/April 2021 33.33% 31 Maret/March 2023
33.33% 31 Desember/December 2023
10 Maret/March 2022 4,340 238,000 5.32 10 Maret/March 2022 50.00% 31 Maret/March 2023
50.00% 31 Maret/March 2024
14 Maret/March dan/and 6,937 411,839 5.07 14 Maret/March 33.33% 31 Maret/March 2023
8 April/April 2022 dan/and 8 April/April 33.33% 31 Maret/March 2024
2022 33.33% 31 Desember/December 2024
24 Maret/March dan/and 7,291 436,734 5.02 24 Maret/March 33.33% 31 Maret/March 2024
10 April/April 2023 dan/and 10 April/April 33.33% 31 Maret/March 2025
2023 33.33% 31 Desember/December 2025
25 Maret/March dan/and 6,585 282,027 6.88 25 Maret/March 33.33% 31 Maret/March 2025
3 April/April 2024 dan/and 3 April/April 33.33% 31 Maret/March 2026
2024 33.33% 31 Desember/December 2026
Halaman – 5/193 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 843
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. PROGRAM KEPEMILIKAN SAHAM DAN CADANGAN 45. EQUITY OWNERSHIP PLAN AND SHARE-BASED
KOMPENSASI BERBASIS SAHAM (lanjutan) COMPENSATION RESERVE (continued)
Program Kepemilikan Saham (“EOP”) (lanjutan) Equity Ownership Plan (“EOP”) (continued)
Berikut ini adalah mutasi jumlah hak atas lembar saham Below is the movement of entitlements shares granted
yang telah diberikan (nilai penuh): (full amount):
2024 2023 2022
Saldo awal 1,213,972 1,005,414 1,653,830 Beginning balance
Diberikan 282,027 996,687 649,839 Granted
Eksekusi (*) (818,779) (788,129) (1,298,255) Exercised (*)
Saldo akhir 677,220 1,213,972 1,005,414 Ending balance
(*) (*)
Vested/ pengunduran diri Vested/resignation
Cadangan Kompensasi Berbasis Saham Share-based Compensation Reserve
Cadangan kompensasi berbasis saham pada tanggal The share-based compensation reserve as of
31 Desember 2024 sebesar Rp 90.994 (2023: Rp 137.123; 31 December 2024 amounting to Rp 90,994 (2023:
2022: Rp 137.105) digunakan untuk mencatat cadangan Rp 137,123; 2022: Rp 137,105) is used to record the
atas Material Risk Taker (“MRT”) dan Long Term Incentive reserve of Material Risk Taker (“MRT”) and Long Term
Plan (“LTIP”). Incentive Plan (“LTIP”).
Cadangan kompensasi berbasis saham juga digunakan The share-based compensation reserve is also used to
untuk mencatat saham yang diberikan untuk karyawan, record the shares given to employees, but not exercised
namun belum dieksekusi sehubungan dengan program in relation with Material Risk Taker (“MRT”) programme
Material Risk Taker (“MRT”) dalam rangka pemenuhan in accordance with POJK No. 45/POJK.03/2015 dated
POJK No. 45/POJK.03/2015 tanggal 23 Desember 2015 23 December 2015 regarding the Implementation of
tentang Penerapan Tata Kelola Dalam Pemberian Governance in Providing Remuneration for Commercial
Remunerasi Bagi Bank Umum. Banks.
MRT merupakan kebijakan remunerasi dalam mendukung MRT is a remuneration policy in supporting the
penerapan tata kelola sistem Remunerasi Berbasis Risiko, implementation of Risk-Based Remuneration
agar pengambilan keputusan dilakukan dengan governance, as such decision making is carried out by
mempertimbangkan segala risiko secara cermat dan considering all risks carefully and cautiously (prudent risk
berhati-hati (prudent risk taking) sehingga kelangsungan taking) in order to maintain the continuity of the Bank’s
usaha dan reputasi Bank senantiasa terjaga. business and reputation.
Halaman – 5/194 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 844
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. PROGRAM KEPEMILIKAN SAHAM DAN CADANGAN 45. EQUITY OWNERSHIP PLAN AND SHARE-BASED
KOMPENSASI BERBASIS SAHAM (lanjutan) COMPENSATION RESERVE (continued)
Cadangan Kompensasi Berbasis Saham (lanjutan) Share-based Compensation Reserve (continued)
Cadangan kompensasi berbasis saham juga digunakan The share-based compensation reserves are also used
untuk mencatat cadangan saham untuk program Long to record share reserves for the Long Term Incentive
Term Incentive Plan (“LTIP”) yang dimulai pada Juni 2021. Plan (“LTIP”) program starting in June 2021. The LTIP
Program LTIP merupakan program CIMB Group berupa program is a CIMB Group program in the form of share-
pemberian kompensasi saham dan opsi saham CIMB based compensation and share options of CIMB Group
Group secara bertahap. Program LTIP diberikan kepada in stages. The LTIP program is given to Bank employees
karyawan Bank yang memenuhi kriteria tertentu who meet certain criteria based on the policy of the LTIP
berdasarkan kebijakan Komite LTIP CIMB Group dengan Committee of CIMB Group by taking into account the
mempertimbangkan hubungan kerja, kinerja karyawan dan employment relationship, employee and the Bank’s
Bank. performance.
46. LABA PER SAHAM DASAR DAN DILUSIAN 46. BASIC AND DILUTIVE EARNINGS PER SHARE
Laba per saham dasar Basic earnings per share
Laba per saham dasar dihitung dengan membagi laba Basic earnings per share is calculated by dividing the net
bersih yang tersedia bagi pemegang saham dengan rata- profit attributable to shareholders by the weighted
rata tertimbang saham biasa yang beredar pada tahun average number of outstanding ordinary shares during
yang bersangkutan. the year.
2024 2023 2022
Laba bersih yang tersedia Net profit attributable
bagi pemegang saham 6,825,773 6,474,195 5,041,781 to shareholders
Weighted average number of
Rata-rata tertimbang saham ordinary share on issue
biasa yang beredar (dalam ribuan) (in thousands) (including capital
(termasuk dana setoran modal) * 25,132,346 24,953,789 24,932,886 paid in advance) *
Laba per saham dasar Basic earnings per share
(nilai penuh) 271.59 259.45 202.21 (full amount)
* Rata-rata tertimbang saham biasa yang beredar dihitung berdasarkan jumlah * The weighted average number of ordinary shares on issue is calculated based
saham biasa yang beredar pada posisi tiap akhir bulan sesuai dengan data dari Biro on the number of outstanding ordinary shares at the end of month based on the
Administrasi Efek data from Securities Administration Bureau
Laba per saham dilusian Dilutive earnings per share
Dalam perhitungan laba bersih per saham dilusian jumlah Diluted earnings per share is calculated by adjusting the
rata-rata tertimbang jumlah saham biasa yang beredar weighted average number of outstanding ordinary shares
disesuaikan dengan asumsi bahwa semua efek berpotensi to assume conversion of all dilutive potential ordinary
saham biasa yang sifatnya dilutif dikonversi. shares.
Pada tanggal 31 Desember 2024, 2023 dan 2022, As at 31 December 2024, 2023 and 2022, Bank CIMB
Bank CIMB Niaga dan Entitas Anak tidak memiliki potensi Niaga and Subsidiaries have no dilutive potential shares.
saham yang bersifat dilutif.
Halaman – 5/195 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 845
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. KOMITMEN DAN KONTINJENSI - BERSIH 47. COMMITMENTS AND CONTINGENCIES - NET
Dalam bisnis normal perbankan, Bank CIMB Niaga As part of normal banking business, Bank CIMB Niaga
mempunyai komitmen dan kontinjensi yang tidak disajikan has commitments and contingencies that are not
dalam laporan posisi keuangan konsolidasian. presented in the consolidated statements of financial
position.
Ikhtisar komitmen dan kontinjensi Bank CIMB Niaga yang The following is the summary of Bank CIMB Niaga’s
dinyatakan dalam nilai kontrak setara dengan mata uang commitments and contingencies at the equivalent Rupiah
Rupiah adalah: contractual amounts:
2024 2023 2022
KOMITMEN COMMITMENTS
Liabilitas komitmen Commitments liabilities
Fasilitas penyediaan dana yang Unutilised portion of
belum digunakan (104,684,718) (97,252,341) (87,197,694) fund facilities
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan (1,855,914) (1,625,442) (1,309,897) letters of credit
Lain-lain (481,003) (4,701) (4,753) Others
Jumlah liabilitas komitmen - bersih (107,021,635) (98,882,484) (88,512,344) Total commitments liabilities - net
KONTINJENSI CONTINGENCIES
Tagihan kontinjensi Contingent receivables
Garansi yang diterima 28,287 33,576 134,621 Guarantees received
Penghasilan bunga Interest receivable on
dalam penyelesaian 585,478 607,456 763,051 non-performing assets
Jumlah tagihan kontinjensi 613,765 641,032 897,672 Total contingent receivables
Liabilitas kontinjensi Contingent liabilities
Garansi yang diterbitkan (5,888,091) (5,364,148) (4,832,874) Guarantees issued
Kontinjensi - bersih (5,274,326) (4,723,116) (3,935,202) Contingencies - net
KOMITMEN DAN KONTINJENSI COMMITMENTS AND
- BERSIH (112,295,961) (103,605,600) (92,447,546) CONTINGENCIES - NET
Komitmen dan kontinjensi yang berhubungan dengan The commitments and contingencies relating to derivative
derivatif disajikan di Catatan 11. transaction are disclosed in Note 11.
Halaman – 5/196 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 846
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS
Bank CIMB Niaga secara mayoritas dimiliki oleh CIMB Bank CIMB Niaga is majority owned by CIMB Group Sdn
Group Sdn Bhd, Malaysia. Kepemilikan minoritas dipegang Bhd, Malaysia. The remaining minority shares are widely
dan dimiliki oleh banyak pihak. Lihat Catatan 33 untuk held. For information on the ultimate parent company of
informasi mengenai pemegang saham utama dari CIMB CIMB Group Sdn Bhd, refer to Note 33.
Group Sdn Bhd.
Sifat Hubungan Berelasi Nature of Relationship
Pihak-pihak berelasi adalah perusahaan dan perorangan Related parties are companies and individuals who directly
yang mempunyai keterkaitan kepemilikan atau or indirectly have relationships with Bank CIMB Niaga
kepengurusan secara langsung maupun tidak langsung through ownership or management. Information of
dengan Bank CIMB Niaga. Informasi Entitas Anak Subsidiaries is disclosed in Note 1c. The controlling and
diungkapkan pada Catatan 1c. Pemegang saham majority shareholder, parent of majority shareholder, and
pengendali dan mayoritas, induk dari pemegang saham the ultimate shareholders are disclosed in Note 33.
mayoritas, dan pemegang saham akhir diungkapkan pada
Catatan 33.
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transactions
CIMB Bank Berhad Dimiliki oleh pemegang saham akhir yang Giro pada bank lain; Aset lain-lain; Simpanan dari
sama/Owned by the same ultimate shareholder bank lain; Pinjaman Subordinasi; Liabilitas segera;
Beban yang masih harus dibayar/Current Account
with other banks; Other assets; Deposits from other
banks; Subordinated bonds; Obligations due
immediately; Accruals;
CIMB Thai Bank Public Dimiliki oleh pemegang saham akhir yang Giro pada bank lain; Simpanan dari bank
Company Limited sama/Owned by the same ultimate shareholder lain/Current Account with other banks; Deposits
from other banks
PT Niaga Manajemen Dikelola oleh pejabat eksekutif Bank CIMB Beban dibayar di muka; Simpanan dari
Citra Niaga/Managed by Bank CIMB Niaga’s executive nasabah/Prepaid expenses; Deposits from
officers customers
CIMB Group Sdn Bhd Pemegang saham mayoritas/ Aset lain-lain; Simpanan dari bank lain /Other
Majority shareholder assets; Deposits from other banks
PT Synergy Dharma Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
Nayaga sama/Owned by the same ultimate shareholder
Halaman – 5/197 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 847
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Sifat Hubungan Berelasi (lanjutan) Nature of Relationship (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transactions
PT Commerce Kapital Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
sama/Owned by the same ultimate shareholder
Southeast Asia Special Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
Asset Vehicle Limited sama/Owned by the same ultimate shareholder
PT Principal Asset Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
Management sama/Owned by the same ultimate shareholder
CIMB Private Equity Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
Sdn Bhd sama/Owned by the same ultimate shareholder
Dana Pensiun Bank Dikelola oleh pejabat eksekutif Bank CIMB Simpanan dari nasabah/Deposits from customers
CIMB Niaga Niaga/Managed by Bank CIMB Niaga’s executive
officers
CIMB Group Holdings Pemegang saham mayoritas/Majority shareholder Simpanan dari nasabah/Deposits from customers
Berhad
CIMB Islamic Bank Dimiliki oleh pemegang saham akhir yang Simpanan dari bank lain/Deposits from other banks
Berhad sama/Owned by the same ultimate shareholder
CIMB Investment Bank Dimiliki oleh pemegang saham akhir yang Simpanan dari bank lain/Deposits from other banks
Berhad sama/Owned by the same ultimate shareholder
CIMB Securities Limited Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
sama/Owned by the same ultimate shareholder
Dewan Komisaris, Manajemen Bank CIMB Kredit yang diberikan; Simpanan dari
Dewan Direksi, dan Niaga/Management of Bank CIMB nasabah/Loans; Deposits from customers
Pejabat Eksekutif Niaga
Bank/Board of
Commissioners, Board
of Directors, and
Executive Bank Officers
Halaman – 5/198 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 848
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Transaksi dan saldo dengan pihak berelasi Transactions and balances with related parties
Transaksi dengan pihak-pihak berelasi terutama The related party transactions primarily related to lending
berhubungan dengan pinjam-meminjam dana dalam and borrowing of funds in the normal course of their
kegiatan normal usaha. business.
Rincian transaksi dan saldo dengan pihak-pihak yang The details of transactions and balances with related
berelasi adalah: parties were as follows:
2024 2023 2022
Aset Assets
Giro pada Bank Lain Current account with Other Banks
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 49,822 19,395 5,221 CIMB Bank Berhad
CIMB Thai Bank Public Company Limited 11,231 5,334 2,185 CIMB Thai Bank Public Company Limited
61,053 24,729 7,406
Kredit yang diberikan Loans
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris - 9,568 - Board of Commissioners
Dewan Direksi 54,385 87,446 88,442 Board of Directors
Pejabat Eksekutif Bank 88,700 73,743 67,853 Executive Bank Officers
143,085 170,757 156,295
- Pihak yang dikendalikan oleh ventura bersama Parties controlled by joint venture which -
yang dimiliki oleh pemegang saham akhir owned by ultimate shareholders
PT CGS-CIMB Sekuritas Indonesia - - 30,000 PT CGS-CIMB Sekuritas Indonesia
143,085 170,757 186,295
Beban dibayar dimuka Prepaid expense
- Pihak yang dikelola oleh pejabat Parties managed by -
eksekutif Bank CIMB Niaga Bank CIMB Niaga's executive officers
PT Niaga Manajemen Citra 86,339 92,580 98,822 PT Niaga Manajemen Citra
Aset lain-lain Other assets
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 664,740 654,271 122,789 CIMB Bank Berhad
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd - - 1,476 CIMB Group Sdn Bhd
664,740 654,271 124,265
Jumlah aset yang terkait dengan Total asset associated with
pihak-pihak berelasi 955,217 942,337 416,788 related parties
Sebagai persentase terhadap As a percentage
jumlah aset 0.27% 0.28% 0.14% to total assets
Halaman – 5/199 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 849
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Transaksi dan saldo dengan pihak berelasi (lanjutan) Transactions and balances with related parties
(continued)
Rincian transaksi dan saldo dengan pihak-pihak yang The details of transactions and balances with related
berelasi adalah: (lanjutan) parties were as follows: (continued)
2024 2023 2022
Liabilitas Liabilities
Simpanan dari nasabah Deposits from customers
- Giro Demand deposits -
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris - 5,232 5,307 Board of Commissioners
Dewan Direksi 84 247 251 Board of Directors
Pejabat Eksekutif Bank 9,397 - - Executive Bank Officers
9,481 5,479 5,558
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
PT Synergy Dharma Nayaga 103,921 102,721 101,537 PT Synergy Dharma Nayaga
PT Commerce Kapital 129,253 97,566 70,972 PT Commerce Kapital
Southeast Asia Special Asset Vehicle Limited 10,673 10,575 16,115 Southeast Asia Special Asset Vehicle Limited
PT Principal Asset Management 491 967 690 PT Principal Asset Management
CIMB Private Equity Sdn Bhd 109 110 110 CIMB Private Equity Sdn Bhd
CIMB Securities Limited - 497 445 CIMB Securities Limited
244,447 212,436 189,869
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki oleh Parties controlled by joint venture which -
pemegang saham akhir owned by ultimate shareholders
CGS-CIMB Futures Indonesia - - 15,503 CGS-CIMB Futures Indonesia
PT CGS-CIMB Sekuritas Indonesia - - 10,098 PT CGS-CIMB Sekuritas Indonesia
PT CGS Konsultan Management - - 380 PT CGS Konsultan Management
CGS-CIMB Securities (Singapore) Pte Ltd - - 86 CGS-CIMB Securities (Singapore) Pte Ltd
- - 26,067
- Pihak yang dikelola oleh pejabat Parties managed by -
eksekutif Bank CIMB Niaga Bank CIMB Niaga's executive officers
Dana Pensiun Bank CIMB Niaga - 691 479 Dana Pensiun Bank CIMB Niaga
PT Niaga Manajemen Citra 2 20 15 PT Niaga Manajemen Citra
2 711 494
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd - - 8,111 CIMB Group Sdn Bhd
CIMB Group Holdings Berhad 4 5 5 CIMB Group Holdings Berhad
4 5 8,116
253,934 218,631 230,104
- Tabungan Saving deposits -
- Dewan Komisaris, Direksi, dan Board of Commissioners, Directors, -
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 6,393 15,526 11,994 Board of Commissioners
Dewan Direksi 113,402 87,926 86,650 Board of Directors
Pejabat Eksekutif Bank 182,062 150,334 141,260 Executive Bank Officers
301,857 253,786 239,904
- Pihak yang dikelola oleh pejabat Parties managed by -
eksekutif Bank CIMB Niaga Bank CIMB Niaga's executive officers
Dana Pensiun Bank CIMB Niaga - 4 5 Dana Pensiun Bank CIMB Niaga
301,857 253,790 239,909
Halaman – 5/200 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 850
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Transaksi dan saldo dengan pihak berelasi (lanjutan) Transactions and balances with related parties
(continued)
Rincian transaksi dan saldo dengan pihak-pihak yang The details of transactions and balances with related
berelasi adalah: (lanjutan) parties were as follows: (continued)
2024 2023 2022
- Deposito berjangka Time deposits -
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 2,863 5,950 3,521 Board of Commissioners
Dewan Direksi 5,023 3,516 381 Board of Directors
Pejabat Eksekutif Bank 15,185 22,169 13,764 Executive Bank Officers
23,071 31,635 17,666
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
PT CGS Konsultan Management - - 1,000 PT CGS Konsultan Management
PT Principal Asset Management 4,100 7,000 3,500 PT Principal Asset Management
4,100 7,000 4,500
- Pihak yang dikelola oleh pejabat Parties controlled by Bank -
eksekutif Bank CIMB Niaga CIMB Niaga's executive officers
Dana Pensiun Bank CIMB Niaga - 540 - Dana Pensiun Bank CIMB Niaga
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki Parties controlled by joint venture which -
oleh pemegang saham akhir owned by ultimate shareholders
CGS-CIMB Futures Indonesia - - 15,000 CGS-CIMB Futures Indonesia
PT CGS-CIMB Sekuritas Indonesia - - 71 PT CGS-CIMB Sekuritas Indonesia
- - 15,071
27,171 39,175 37,237
Simpanan dari bank lain Deposits from other banks
- Giro Demand deposit -
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 93,819 86,838 189,572 CIMB Bank Berhad
CIMB Islamic Bank Berhad 8,327 4,455 3,720 CIMB Islamic Bank Berhad
CIMB Thai Bank Public Company Limited 570 2,060 1,410 CIMB Thai Bank Public Company Limited
CIMB Investment Bank- Berhad 198 534 138 CIMB Investment Bank- Berhad
102,914 93,887 194,840
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd 21,147 23 - CIMB Group Sdn Bhd
124,061 93,910 194,840
Liabilitas derivatif Derivative payables
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad - - 53,261 CIMB Bank Berhad
Pinjaman subordinasi Subordinated bond
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 35,767 35,996 71,062 CIMB Bank Berhad
Liabilitas segera Obligations due immediately
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 384,166 91,885 217,593 CIMB Bank Berhad
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Investment Bank- Berhad 37,448 - - CIMB Investment Bank- Berhad
421,614 91,885 217,593
Beban yang masih harus dibayar Accruals
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 460 460 913 CIMB Bank Berhad
Jumlah liabilitas yang terkait dengan Total liabilities associated with
pihak-pihak berelasi 1,164,864 733,847 1,044,918 related parties
Sebagai persentase terhadap jumlah liabilitas 0.38% 0.26% 0.40% As a percentage to total liabilities
Halaman – 5/201 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 851
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Transaksi dan saldo dengan pihak berelasi (lanjutan) Transactions and balances with related parties
(continued)
Rincian transaksi dan saldo dengan pihak-pihak yang The details of transactions and balances with related
berelasi adalah: (lanjutan) parties were as follows: (continued)
2024 2023 2022
Pendapatan bunga Interest income
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 30 777 - Board of Commissioners
Dewan Direksi 1,032 5,858 4,691 Board of Directors
Pejabat Eksekutif Bank 1,425 3,651 3,616 Executive Bank Officers
2,487 10,286 8,307
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki Parties controlled by joint venture which -
oleh pemegang saham akhir owned by ultimate shareholders
PT CGS-CIMB Sekuritas Indonesia - - 1,049 PT CGS-CIMB Sekuritas Indonesia
- Pihak yang dimiliki oleh pemegang saham akhir yang sama
akhir yang sama Parties under same ultimate shareholder -
CIMB Bank Berhad - - 232 CIMB Bank Berhad
Jumlah pendapatan bunga yang terkait dengan Total interest income associated with
pihak-pihak berelasi 2,487 10,286 9,588 related parties
Sebagai persentase terhadap jumlah pendapatan bunga 0.01% 0.03% 0.05% As a percentage to total interest income
Beban bunga Interest expense
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 692 807 494 Board of Commissioners
Dewan Direksi 3,903 3,537 4,499 Board of Directors
Pejabat Eksekutif Bank 12,245 7,466 5,191 Executive Bank Officers
16,840 11,810 10,184
- Pihak yang dimiliki oleh pemegang saham Parties under same ultimate -
akhir yang sama shareholder
CIMB Bank Berhad 4,132 8,067 8,372 CIMB Bank Berhad
PT Commerce Kapital 1,731 1,267 918 PT Commerce Kapital
PT Synergy Dharma Nayaga 1,502 1,480 1,521 PT Synergy Dharma Nayaga
PT Principal Asset Management 305 287 126 PT Principal Asset Management
Southeast Asia Special Asset Vehicle Limited 15 20 23 Southeast Asia Special Asset Vehicle Limited
CIMB Investment Bank- Berhad 8 2 35 CIMB Investment Bank- Berhad
CIMB Securities Limited - 3 9 CIMB Securities Limited
7,693 11,126 11,004
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki Parties controlled by joint venture which -
oleh pemegang saham akhir owned by ultimate shareholders
PT CGS Konsultan Management - - 12 PT CGS Konsultan Management
PT CGS-CIMB Sekuritas Indonesia - - 161 PT CGS-CIMB Sekuritas Indonesia
CGS-CIMB Futures Indonesia - - 33 CGS-CIMB Futures Indonesia
- - 206
- Pihak yang dikelola oleh pejabat eksekutif Party controlled by Bank CIMB Niaga's -
Bank CIMB Niaga executive officers
Dana Pensiun Bank CIMB Niaga 14 23 20 Dana Pensiun Bank CIMB Niaga
14 23 20
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd 821 192 30 CIMB Group Sdn Bhd
821 192 30
Jumlah beban bunga yang terkait dengan Total interest expense associated with
pihak-pihak berelasi 25,368 23,151 21,444 related parties
Sebagai persentase terhadap jumlah beban bunga 0.23% 0.26% 0.38% As a percentage to total interest expense
Provisi dan komisi lainnya Other fees and commissions
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd 10,867 10,638 6,899 CIMB Group Sdn Bhd
Jumlah provisi dan komisi lainnya yang terkait Total other fees and commissions associated with
dengan pihak-pihak berelasi 10,867 10,638 6,899 related parties
Sebagai persentase terhadap jumlah
provisi dan komisi lainnya 0.36% 0.34% 0.29% As a percentage to total other fees and commissions
Halaman – 5/202 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 852
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. KEPENTINGAN NON-PENGENDALI 49. NON-CONTROLLING INTEREST
a. Kepentingan non-pengendali atas kekayaan bersih a. The non-controlling interest in the net assets of
Entitas Anak adalah: Subsidiaries were as follows:
2024 2023 2022
Saldo awal 144,827 84,373 11,236 Beginning balance
Akuisisi anak perusahaan Acquisition of Subsidiary
Perubahan kepentingan nonpengendali atas transaksi Changes in non-controlling interests due to other transactions
lainnya dengan kepentingan nonpengendali (13) - with non-controlling interests
Bagian keuntungan bersih periode berjalan 73,161 77,206 54,990 Net income current period
Penghasilan komprehensif lain 843 (325) 2,212 Other comprehensive income
Pembagian dividen tunai Entitas Anak (21,678) (16,492) (4,065) Distribution of cash dividend by Subsidiaries
Penerbitan saham baru oleh Entitas Anak - - 20,000 Issuance of new shares by Subsidiaries
Pelepasan saham treasuri - 65 - Issuance of treasury shares
Saldo akhir kepentingan Ending balance of non-controlling
nonpengendali 197,140 144,827 84,373 interests
b. Kepentingan non-pengendali atas laba bersih Entitas b. The non-controlling interest in the net income of
Anak adalah: Subsidiaries were as follows:
2024 2023 2022
PT CIMB Niaga Auto Finance 71,767 77,111 54,853 PT CIMB Niaga Auto Finance
PT CIMB Niaga Sekuritas 1,394 95 136 PT CIMB Niaga Sekuritas
73,161 77,206 54,989
50. INFORMASI SEGMEN USAHA 50. OPERATING SEGMENTS INFORMATION
Bank CIMB Niaga telah menyajikan segmen operasi Bank CIMB Niaga presents operating segments based on
berdasarkan informasi yang disiapkan secara internal the information that is internally provided to the chief
untuk pengambil keputusan operasional. Pengambil operating decision maker. The Bank’s chief operating
keputusan operasional Bank adalah Dewan Direksi. decision maker is Board of Directors. This accounting policy
Kebijakan akuntansi ini merupakan penerapan PSAK 108 is due to the adoption of SFAS 108 (previously SFAS 5)
(sebelumnya PSAK 5) (Revisi 2014), “Segmen Operasi”. (Revised 2014), “Operating Segments”.
Segmen operasi dilaporkan sesuai dengan laporan Operating segments are reported in accordance with the
internal yang disiapkan untuk pengambil keputusan internal reporting provided to the chief operating decision
operasional yang bertanggung jawab untuk maker, which is responsible for allocating resources to the
mengalokasikan sumber daya ke segmen tertentu dan reportable segments and assesses its performance. All
melakukan penilaian atas performanya. Seluruh segmen operating segments used by Bank CIMB Niaga meet the
operasi yang digunakan oleh Bank CIMB Niaga telah definition of a reportable segment under SFAS 108
memenuhi kriteria pelaporan berdasarkan PSAK 108 (previously SFAS 5) (Revised 2014).
(sebelumnya PSAK 5) (Revisi 2014).
Halaman – 5/203 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 853
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. INFORMASI SEGMEN USAHA (lanjutan) 50. OPERATING SEGMENTS INFORMATION (continued)
Bank CIMB Niaga memiliki 7 (tujuh) pelaporan segmen. Di Bank CIMB Niaga has 7 (seven) reportable segments. The
bawah ini merupakan penjelasan mengenai operasi dari following describes the operations in each of Bank CIMB
masing-masing pelaporan segmen yang dimiliki oleh Bank Niaga’s reportable segments:
CIMB Niaga:
- Korporasi - termasuk kredit yang diberikan, simpanan - Corporate - includes loans, deposits and other
dan transaksi-transaksi lain, serta saldo atas nasabah transactions, and balances with corporate customers;
korporasi;
- Bisnis - merupakan produk dan jasa untuk nasabah - Business - includes products and services for
yang berskala kecil hingga sedang; customer segments comprising small to medium
scale enterprises;
- Ritel - fokus kepada produk dan jasa kepada nasabah - Retail - focuses on products and services for
individual. Segmen ini termasuk fasilitas kredit yang individual customers. It includes products such as
diberikan, simpanan dan transaksi-transaksi lain, loans, deposits and others transactions, and balances
serta saldo atas nasabah ritel; with retail customers;
- Tresuri - segmen ini terkait dengan kegiatan tresuri - Treasury - this segment undertakes Bank CIMB
Bank CIMB Niaga termasuk transaksi valuta asing, Niaga’s treasury activities which include foreign
money market, derivatif, serta investasi dalam bentuk exchange, money market, derivatives, and investing
penempatan dan efek-efek; in placements and securities transactions;
- Syariah - seluruh transaksi yang dilakukan oleh Unit - Sharia - includes all transactions relating to Sharia
Usaha Syariah; Business Unit;
- Lain-lain - termasuk aktivitas back office dan divisi - Others - includes all back office activities and non-
yang tidak menghasilkan laba di Bank CIMB Niaga. profit center divisions in Bank CIMB Niaga. Thus, it
Lain-lain termasuk jasa korporasi, penjualan dan includes corporate service, sales and distribution, and
distribusi, serta lain-lain; dan others; and
- Entitas Anak - termasuk seluruh transaksi yang timbul - Subsidiaries - includes all transactions relating to
dan dilakukan berdasarkan bisnis Entitas Anak. Subsidiaries businesses.
2024
Entitas
Korporasi/ Bisnis/ Ritel/ Tresuri/ Syariah/ Lain-lain/ Anak/ Jumlah/
Corporate Business Retail Treasury Sharia Others Subsidiaries Total
Penghasilan/(beban) bunga bersih 2,597,333 2,246,276 4,916,128 541,113 2,176,385 (334,086) 1,123,391 13,266,540 Net interest income/(expense)
-Pendapatan/(beban) dari pihak eksternal 3,169,551 2,483,950 1,485,440 2,785,013 2,304,458 (85,263) 1,123,391 13,266,540 Income/(expense) from external parties -
-Pendapatan/(beban) antar segmen (572,218) (237,674) 3,430,688 (2,243,900) (128,073) (248,823) - - Inter-segment income/(expense) -
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (137,331) (330,543) (316,973) (2,016) (473,718) (64,109) (480,560) (1,805,250) non-financial assets - net
Provisi dan komisi lainnya 763,076 312,070 1,209,492 (83,088) 441,641 (17,134) 376,030 3,002,087 Other fees and commissions
Penghasilan operasional lainnya 96,724 410,510 252,708 1,641,843 184,899 111 62,114 2,648,909 Other operating income
Beban tenaga kerja (261,915) (461,952) (1,919,663) (169,049) (157,814) (1,917,469) (247,369) (5,135,231) Personnel expenses
Beban umum dan administrasi (34,405) (88,175) (1,807,264) 344,010 (48,639) (1,824,896) (218,859) (3,678,228) General and administrative expenses
(Beban)/pembalikan lain-lain (23) (142) 46,872 (10) (42) 17,869 (464) 64,060 Other (expenses)/reversal
Laba/(rugi) operasional bersih 3,023,459 2,088,044 2,381,300 2,272,803 2,122,712 (4,139,714) 614,283 8,362,887 Net operating income/(loss)
Penghasilan/(beban) bukan Non-operating
operasional - bersih 2,788 (687) 4,285 108,290 776 252,123 (1,675) 365,900 income/(expense) - net
Laba/(rugi) sebelum pajak penghasilan 3,026,247 2,087,357 2,385,585 2,381,093 2,123,488 (3,887,591) 612,608 8,728,787 Income/(loss) before income tax
Beban pajak penghasilan - - - - - (1,720,041) (109,812) (1,829,853) Income tax expense
Laba/(rugi) bersih 3,026,247 2,087,357 2,385,585 2,381,093 2,123,488 (5,607,632) 502,796 6,898,934 Net income/(loss)
Kepentingan nonpengendali - - - - - (73,161) - (73,161) Non-controlling interest
Jumlah aset 74,823,669 48,172,041 39,251,840 111,825,396 67,503,107 4,975,489 13,668,968 360,220,510 Total assets
+ + + ++ ++ ++ ++
Jumlah liabilitas 64,196,095 50,874,937 101,720,943 24,064,899 55,740,389 1,857,968 8,568,952 307,024,183 Total liabilities
Halaman – 5/204 – Page
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Page 854
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. INFORMASI SEGMEN USAHA (lanjutan) 50. OPERATING SEGMENTS INFORMATION (continued)
2023
Entitas
Korporasi/ Bisnis/ Ritel/ Tresuri/ Syariah/ Lain-lain/ Anak/ Jumlah/
Corporate Business Retail Treasury Sharia Others Subsidiaries Total
Penghasilan/(beban) bunga bersih 2,501,073 2,073,120 4,492,136 1,455,143 2,238,387 (265,103) 857,627 13,352,383 Net interest income/(expense)
-Pendapatan/(beban) dari pihak eksternal 3,081,657 2,466,591 1,811,611 2,895,605 2,322,013 (82,721) 857,627 13,352,383 Income/(expense) from external parties -
-Pendapatan/(beban) antar segmen (580,584) (393,471) 2,680,525 (1,440,462) (83,626) (182,382) - - Inter-segment income/(expense) -
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (317,440) (442,780) (219,369) (9,772) (656,573) (484) (360,195) (2,006,613) non-financial assets - net
Provisi dan komisi lainnya 1,031,821 443,893 1,150,433 (103,776) 412,480 (3,737) 223,716 3,154,830 Other fees and commissions
Penghasilan operasional lainnya 20,014 147,637 213,287 1,734,632 111,363 123 51,251 2,278,307 Other operating income
Beban tenaga kerja (221,109) (429,780) (1,827,047) (195,182) (148,876) (1,898,204) (227,214) (4,947,412) Personnel expenses
Umum dan administrasi (57,016) (87,259) (1,920,087) (97,936) (45,499) (1,278,952) (129,020) (3,615,769) General and administrative
Lainnya - (21) (20,439) - (19) 1,507 (1,374) (20,346) Others
Laba/(rugi) operasional bersih 2,957,343 1,704,810 1,868,914 2,783,109 1,911,263 (3,444,850) 414,791 8,195,380 Net operating income/(loss)
Penghasilan/(beban) bukan Non-operating
operasional - bersih (15) (71) 8,385 82,199 3,800 (65,945) 133,539 161,892 income/(expense) - net
Laba/(rugi) sebelum pajak penghasilan 2,957,328 1,704,739 1,877,299 2,865,308 1,915,063 (3,510,795) 548,330 8,357,272 Income/(loss) before income tax
Beban pajak penghasilan - - - - - (1,722,625) (83,246) (1,805,871) Income tax expense
Laba/(rugi) bersih 2,957,328 1,704,739 1,877,299 2,865,308 1,915,063 (5,233,420) 465,084 6,551,401 Net income/(loss)
Kepentingan nonpengendali - - - - - (77,205) - (77,205) Non-controlling interest
Jumlah aset 65,895,966 45,791,257 40,795,551 104,578,937 62,747,240 5,589,074 8,971,208 334,369,233 Total assets
+ + + ++ ++ ++ ++
Jumlah liabilitas 53,106,489 45,792,340 101,289,915 29,232,524 46,060,991 3,240,422 6,309,181 285,031,862 Total liabilities
2022
Entitas
Korporasi/ Bisnis/ Ritel/ Treasuri/ Syariah/ Lain-lain/ Anak/ Jumlah/
Corporate Business Retail Treasury Sharia Others Subsidiaries Total
Penghasilan/(beban) bunga bersih 2,654,301 2,540,578 4,340,850 1,407,989 1,959,412 (203,431) 776,439 13,476,138 Net interest income/(expense)
-Pendapatan/(beban) dari pihak eksternal 2,606,243 2,860,697 2,364,767 2,909,836 2,017,779 (59,623) 776,439 13,476,138 Income/(expense) from external parties -
-Pendapatan/(beban) antar segmen 48,058 (320,119) 1,976,083 (1,501,847) (58,367) (143,808) - - Inter-segment income/(expense) -
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (597,673) (1,201,281) (1,020,889) (633) (735,814) (15,984) (241,435) (3,813,709) non-financial assets - net
Provisi dan komisi lainnya 611,148 127,644 1,223,542 (103,059) 324,930 (2,634) 231,834 2,413,405 Other fees and commissions
Penghasilan operasional lainnya 147,708 257,276 234,017 2,120,442 160,707 3 56,025 2,976,178 Other operating income
Beban tenaga kerja (200,059) (402,004) (1,728,192) (174,460) (139,718) (1,799,573) (231,101) (4,675,107) Personnel expenses
Umum dan administrasi (51,889) (82,454) (1,922,135) (64,785) (55,497) (1,412,169) (169,356) (3,758,285) General and administrative
Lainnya - (27) (51,492) - (1,393) 3,366 (712) (50,258) Others
Laba/(rugi) operasional bersih 2,563,536 1,239,732 1,075,701 3,185,494 1,512,627 (3,430,422) 421,694 6,568,362 Net operating income/(loss)
Penghasilan/(beban) bukan Non-operating
operasional - bersih 201 (946) 328 20,517 (64) (9,120) 54 10,970 income/(expense) - net
Laba/(rugi) sebelum pajak penghasilan 2,563,737 1,238,786 1,076,029 3,206,011 1,512,563 (3,439,542) 421,748 6,579,332 Income/(loss) before income tax
Beban pajak penghasilan - - - - - (1,391,495) (91,066) (1,482,561) Income tax expense
Laba/(rugi) bersih 2,563,737 1,238,786 1,076,029 3,206,011 1,512,563 (4,831,037) 330,682 5,096,771 Net income/(loss)
Kepentingan nonpengendali - - - - - (54,990) - (54,990) Non-controlling interest
Jumlah aset 57,471,059 45,330,374 42,850,027 83,985,528 62,957,390 7,427,214 6,732,707 306,754,299 Total assets
+ + + ++ ++ ++ ++
Jumlah liabilitas 52,755,855 44,678,294 96,759,321 16,167,958 42,062,395 4,317,393 4,736,820 261,478,036 Total liabilities
Informasi yang berkaitan dengan segmen usaha utama Information concerning the main business segments of
dari Bank CIMB Niaga dan Entitas Anak disajikan dalam Bank CIMB Niaga and Subsidiaries is presented in the
tabel di atas ini. table above.
Segmen geografis Geographical segment
Operasional utama dari Bank CIMB Niaga dan Entitas Anak The principal operations of Bank CIMB Niaga and its
dikelola di wilayah Indonesia. Segmen bisnis Bank CIMB Subsidiaries are managed in Indonesia. Bank CIMB
Niaga terbagi atas 6 (enam) area geografis utama, di luar Niaga's business segments are mainly separated in 6 (six)
Entitas Anak, yaitu Jakarta, Jawa Barat, Jawa Tengah, main geographical areas, except for Subsidiaries, which
Jawa Timur, Indonesia Timur, dan Sumatera. are Jakarta, West Java, Central Java, East Java, East
Indonesia, and Sumatera.
Halaman – 5/205 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 855
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. INFORMASI SEGMEN USAHA (lanjutan) 50. OPERATING SEGMENTS INFORMATION (continued)
Segmen geografis (lanjutan) Geographical segment (continued)
Informasi yang berkaitan dengan segmen berdasarkan Information concerning the geographical segments of
geografis dari Bank CIMB Niaga dan Entitas Anak disajikan Bank CIMB Niaga and Subsidiaries is presented in the
dalam tabel di bawah ini: table below:
2024
Jawa Jawa Jawa Indonesia
Barat/ Tengah/ Timur/ Timur/ Entitas
Jakarta/ West Central East East Sumatera/ Anak/ Jumlah/
Jakarta Java Java Java Indonesia Sumatera Subsidiaries Total
Penghasilan bunga bersih 10,436,822 292,388 306,725 227,742 294,422 585,050 1,123,391 13,266,540 Net interest income
Pemulihan/(kerugian) penurunan nilai atas aset Reversal/(Impairment) on financial and
keuangan dan nonkeuangan - bersih (873,091) (56,509) (122,549) (104,608) (45,499) (122,434) (480,560) (1,805,250) non-financial assets - net
Provisi dan komisi lainnya 2,253,358 83,781 39,112 163,046 33,108 53,652 376,030 3,002,087 Other fees and commissions
Penghasilan operasional lainnya 2,158,443 45,220 233,808 123,630 9,415 16,279 62,114 2,648,909 Other operating income
Beban tenaga kerja (3,997,095) (195,364) (138,901) (221,632) (120,154) (214,716) (247,369) (5,135,231) Personnel expenses
Beban umum dan administrasi (3,080,360) (90,469) (64,759) (83,046) (52,681) (88,054) (218,859) (3,678,228) General and administrative expenses
(Beban)/pembalikan lain-lain 65,519 (147) (14) (1,285) - 451 (464) 64,060 Other (expenses)/reversal
Laba operasional bersih 6,963,596 78,900 253,422 103,847 118,611 230,228 614,283 8,362,887 Net operating income
Pendapatan/(beban) bukan
operasional - bersih 368,998 (502) (8) (499) 47 (461) (1,675) 365,900 Non-operating income/(expense) - net
Laba sebelum pajak penghasilan 7,332,594 78,398 253,414 103,348 118,658 229,767 612,608 8,728,787 Income before income tax
Beban pajak penghasilan (1,720,041) - - - - - (109,812) (1,829,853) Income tax expense
Laba bersih 5,612,553 78,398 253,414 103,348 118,658 229,767 502,796 6,898,934 Net income
Kepentingan nonpengendali (73,161) - - - - - - (73,161) Non-controlling interest
Jumlah aset 243,207,068 28,684,752 12,748,578 26,693,436 11,429,138 23,788,570 13,668,968 360,220,510 Total asset
Jumlah liabilitas 196,807,864 28,213,144 12,408,443 26,227,834 11,247,458 23,550,488 8,568,952 307,024,183 Total liabilities
2023
Jawa Jawa Jawa Indonesia
Barat/ Tengah/ Timur/ Timur/ Entitas
Jakarta/ West Central East East Sumatera/ Anak/ Jumlah/
Jakarta Java Java Java Indonesia Sumatera Subsidiaries Total
Penghasilan bunga bersih 10,490,151 444,955 334,680 312,467 324,691 587,812 857,627 13,352,383 Net interest income
Pemulihan/(kerugian) penurunan nilai atas aset Reversal/(Impairment) on financial and
keuangan dan nonkeuangan - bersih (1,489,720) (33,239) 138,371 (243,044) (24,051) 5,265 (360,195) (2,006,613) non-financial assets - net
Provisi dan komisi lainnya 2,553,673 76,488 78,130 142,357 28,471 51,995 223,716 3,154,830 Other fees and commissions
Penghasilan operasional lainnya 2,093,180 28,335 29,958 39,801 9,253 26,529 51,251 2,278,307 Other operating income
Beban tenaga kerja (3,884,119) (182,306) (134,750) (206,835) (111,881) (200,307) (227,214) (4,947,412) Personnel expenses
Umum dan administrasi (3,116,522) (88,734) (61,818) (82,479) (50,450) (86,746) (129,020) (3,615,769) General and administrative
Lainnya (18,185) (414) (23) (279) (14) (58) (1,373) (20,346) Others
Laba operasional bersih 6,628,458 245,085 384,548 (38,012) 176,019 384,490 414,792 8,195,380 Net operating income
Pendapatan/(beban) bukan
operasional - bersih 25,774 527 800 765 387 100 133,539 161,892 Non-operating income/(expense) - net
Laba sebelum pajak penghasilan 6,654,232 245,612 385,348 (37,247) 176,406 384,590 548,331 8,357,272 Income before income tax
Beban pajak penghasilan (1,722,625) - - - - - (83,246) (1,805,871) Income tax expense
Laba bersih 4,931,607 245,612 385,348 (37,247) 176,406 384,590 465,085 6,551,401 Net income
Kepentingan nonpengendali (77,205) - - - - - - (77,205) Non-controlling interest
Jumlah aset 227,603,973 27,511,222 13,140,653 24,385,297 10,405,979 22,350,901 8,971,208 334,369,233 Total asset
Jumlah liabilitas 182,436,339 27,049,269 12,818,254 24,337,416 10,212,253 21,869,150 6,309,181 285,031,862 Total liabilities
2022
Jawa Jawa Jawa Indonesia
Barat/ Tengah/ Timur/ Timur/ Entitas
Jakarta/ West Central East East Sumatera/ Anak/ Jumlah/
Jakarta Java Java Java Indonesia Sumatera Subsidiaries Total
Penghasilan bunga bersih 10,054,611 613,514 367,679 514,578 418,933 730,384 776,439 13,476,138 Net interest income
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (2,197,425) (107,055) (522,197) (474,417) (94,050) (177,130) (241,435) (3,813,709) non-financial assets - net
Provisi dan komisi lainnya 1,925,450 81,377 40,120 52,090 25,255 57,279 231,834 2,413,405 Other fees and commissions
Penghasilan operasional lainnya 2,681,349 8,165 20,297 159,491 14,220 36,631 56,025 2,976,178 Other operating income
Beban tenaga kerja (3,647,347) (175,107) (132,885) (193,410) (105,325) (189,932) (231,101) (4,675,107) Personnel expenses
Umum dan administrasi (3,199,304) (100,859) (66,934) (85,170) (47,521) (89,141) (169,356) (3,758,285) General and administrative
Lainnya (45,751) (131) (44) (45) (1) (3,575) (711) (50,258) Others
Laba operasional bersih 5,571,583 319,904 (293,964) (26,883) 211,511 364,516 421,695 6,568,362 Net operating income
Pendapatan/(beban) bukan
operasional - bersih 10,897 449 487 (927) 63 (53) 54 10,970 Non-operating income/(expense) - net
Laba sebelum pajak penghasilan 5,582,480 320,353 (293,477) (27,810) 211,574 364,463 421,749 6,579,332 Income before income tax
Beban pajak penghasilan (1,391,495) - - - - - (91,066) (1,482,561) Income tax expense
Laba bersih 4,190,985 320,353 (293,477) (27,810) 211,574 364,463 330,683 5,096,771 Net income
Kepentingan nonpengendali (54,990) - - - - - - (54,990) Non-controlling interest
Jumlah aset 214,084,510 22,999,478 10,763,485 23,238,862 9,270,413 19,664,844 6,732,707 306,754,299 Total asset
Jumlah liabilitas 170,886,181 22,705,744 11,240,179 23,448,172 9,122,291 19,338,649 4,736,820 261,478,036 Total liabilities
Halaman – 5/206 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 856
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO 51. RISK MANAGEMENT
a. Nilai wajar aset dan liabilitas keuangan a. Fair value of financial assets and liabilities
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, the fair
nilai wajar dari aset dan liabilitas keuangan Bank value of the Bank CIMB Niaga and Subsidiaries
CIMB Niaga dan Entitas Anak adalah: financial assets and liabilities were as follows:
2024
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Aset *) Assets *)
Giro pada Current accounts with
Bank Indonesia 9,990,709 9,990,709 Bank Indonesia
Giro pada bank lain 2,508,917 2,508,917 Current accounts with other banks
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia 5,047,695 5,047,695 and Bank Indonesia
Efek-efek 23,455,294 23,459,289 Marketable securities
Obligasi Pemerintah 70,354,627 70,350,410 Government Bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 1,612,832 1,612,832 resale agreements
Tagihan derivatif 1,184,890 1,184,890 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal Kerja 91,378,937 93,081,563 Working capital
Investasi 51,409,593 62,559,171 Investment
Konsumsi 74,561,065 90,268,993 Consumer
217,349,595 245,909,727
Tagihan akseptasi 2,751,967 2,751,967 Acceptance receivables
Penyertaan 23,143 23,143 Investments
Pendapatan bunga yang masih akan diterima 3,027,711 3,027,711 Accrued interest income
Aset lain-lain 2,503,186 2,503,186 Other assets
339,810,566 368,370,476
Liabilitas Liabilities
Liabilitas segera 4,473,871 4,473,871 Obligation due immediately
Simpanan dari nasabah 260,639,027 260,639,027 Deposits from customers
Simpanan dari bank lain 5,959,468 5,959,468 Deposits from other banks
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 11,288,963 11,288,963 repurchase agreement
Liabilitas derivatif 906,630 906,630 Derivative payables
Liabilitas akseptasi 2,761,800 2,761,800 Acceptance payables
Efek-efek yang diterbitkan 1,687,452 1,685,472 Marketable securities issued
Pinjaman yang diterima 8,487,935 8,679,425 Borrowings
Beban yang masih harus dibayar dan Accruals and
liabilitas lain-lain 488,127 488,127 other liabilities
Pinjaman subordinasi 74,514 76,599 Subordinated loans
296,767,787 296,959,382
*) Setelah dikurangkan cadangan kerugian penurunan nilai Net of allowances for impairment losses *)
Halaman – 5/207 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 857
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
a. Nilai wajar aset dan liabilitas keuangan (lanjutan) a. Fair value of financial assets and liabilities
(continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, the fair
nilai wajar dari aset dan liabilitas keuangan Bank value of the Bank CIMB Niaga and Subsidiaries
CIMB Niaga dan Entitas Anak adalah: (lanjutan) financial assets and liabilities were as follows:
(continued)
2023
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Aset *) Assets *)
Giro pada Current accounts with
Bank Indonesia 13,180,254 13,180,254 Bank Indonesia
Giro pada bank lain 2,703,266 2,703,266 Current accounts with other banks
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia 4,532,988 4,532,988 and Bank Indonesia
Efek-efek 9,363,933 9,408,938 Marketable securities
Obligasi Pemerintah 70,596,507 70,675,399 Government Bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 5,159,387 5,159,387 resale agreements
Tagihan derivatif 849,014 849,014 Derivative receivables
Kredit yang diberikan Loans
dan piutang pembiayaan konsumen and consumer financing receivables
Modal Kerja 84,189,293 85,988,930 Working capital
Investasi 46,418,146 56,513,763 Investment
Konsumsi 70,714,948 86,123,047 Consumer
201,322,387 228,625,740
Tagihan akseptasi 1,093,453 1,093,453 Acceptance receivables
Penyertaan 3,659 3,659 Investments
Pendapatan bunga yang masih akan diterima 3,414,197 3,414,197 Accrued interest income
Aset lain-lain 1,834,271 1,834,271 Other assets
314,053,316 341,480,566
Liabilitas Liabilities
Liabilitas segera 3,581,921 3,581,921 Obligation due immediately
Simpanan dari nasabah 235,861,670 235,861,670 Deposits from customers
Simpanan dari bank lain 1,760,447 1,760,447 Deposits from other banks
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 20,426,826 20,426,826 repurchase agreement
Liabilitas derivatif 540,051 540,051 Derivative payables
Liabilitas akseptasi 1,102,091 1,102,091 Acceptance payables
Efek-efek yang diterbitkan 2,297,702 2,302,735 Marketable securities issued
Pinjaman yang diterima 6,288,525 6,525,781 Borrowings
Beban yang masih harus dibayar dan Accruals and
liabilitas lain-lain 509,417 509,417 other liabilities
Pinjaman subordinasi 155,619 161,842 Subordinated loans
272,524,269 272,772,781
*) Setelah dikurangkan cadangan kerugian penurunan nilai Net of allowances for impairment losses *)
Halaman – 5/208 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 858
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
a. Nilai wajar aset dan liabilitas keuangan (lanjutan) a. Fair value of financial assets and liabilities
(continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, the fair
nilai wajar dari aset dan liabilitas keuangan Bank value of the Bank CIMB Niaga and Subsidiaries
CIMB Niaga dan Entitas Anak adalah: (lanjutan) financial assets and liabilities were as follows:
(continued)
2022
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Aset *) Assets *)
Giro pada Current accounts with
Bank Indonesia 8,985,257 8,985,257 Bank Indonesia
Giro pada bank lain 2,748,458 2,748,458 Current accounts with other banks
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia 14,869,794 14,869,794 and Bank Indonesia
Efek-efek 5,809,665 5,846,546 Marketable securities
Obligasi Pemerintah 59,199,026 59,338,585 Government Bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 510,307 510,307 resale agreements
Tagihan derivatif 969,308 969,308 Derivative receivables
Kredit yang diberikan Loans
dan piutang pembiayaan konsumen and consumer financing receivables
Modal Kerja 73,183,238 74,803,429 Working capital
Investasi 43,984,450 53,436,102 Investment
Konsumsi 66,245,941 81,689,519 Consumer
183,413,629 209,929,050
Tagihan akseptasi 2,086,763 2,086,763 Acceptance receivables
Penyertaan 3,659 3,659 Investments
Pendapatan bunga yang masih akan diterima 2,923,768 2,923,768 Accrued interest income
Aset lain-lain 4,787,789 4,787,789 Other assets
286,307,423 312,999,284
Liabilitas Liabilities
Liabilitas segera 3,705,094 3,705,094 Obligation due immediately
Simpanan dari nasabah 227,188,557 227,188,557 Deposits from customers
Simpanan dari bank lain 2,506,012 2,506,012 Deposits from other banks
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 6,062,727 6,062,727 repurchase agreement
Liabilitas derivatif 701,179 701,179 Derivative payables
Liabilitas akseptasi 2,106,596 2,106,596 Acceptance payables
Efek-efek yang diterbitkan 1,704,938 1,735,568 Marketable securities issued
Pinjaman yang diterima 3,425,409 3,862,335 Borrowings
Beban yang masih harus dibayar dan Accruals and
liabilitas lain-lain 373,411 373,411 other liabilities
Pinjaman subordinasi 228,311 242,501 Subordinated loans
248,002,234 248,483,980
Halaman – 5/209 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 859
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
a. Nilai wajar aset dan liabilitas keuangan (lanjutan) a. Fair value of financial assets and liabilities
(continued)
(i) Giro pada Bank Indonesia, giro pada bank lain, (i) Current accounts with Bank Indonesia, current
tagihan akseptasi, penyertaan, pendapatan accounts with other banks, acceptance
yang masih harus diterima, dan aset lain-lain receivables, investments, accrued income, and
other assets
Nilai tercatat dari giro pada Bank Indonesia dan The carrying amount of floating rate current
bank lain dengan suku bunga mengambang accounts with Bank Indonesia and other banks is
adalah perkiraan yang layak atas nilai wajar. a reasonable approximation of fair value.
Estimasi nilai wajar terhadap tagihan akseptasi, The estimated fair value of acceptance
pendapatan yang masih harus diterima, dan receivables, accrued income, and other assets is
aset lain-lain ditetapkan berdasarkan diskonto based on discounted cash flows using prevailing
arus kas dengan menggunakan suku bunga money market interest rates for debts with similar
pasar uang yang berlaku untuk hutang dengan credit risk and remaining maturity. Since the
risiko kredit dan sisa jatuh tempo yang serupa. maturity is below 1 (one) year, the carrying
Karena sisa jatuh tempo di bawah 1 (satu) amount of acceptance receivables, accrued
tahun, nilai tercatat dari tagihan akseptasi, income, and other assets is
pendapatan yang masih harus diterima, dan a reasonable approximation of fair value.
aset lain-lain adalah perkiraan yang layak atas
nilai wajar.
(ii) Penempatan pada bank lain dan Bank Indonesia (ii) Placements with other banks and Bank
Indonesia
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank
merupakan penanaman dana dalam bentuk Indonesia represent placements in the form of
Fasilitas Simpanan Bank Indonesia (“FASBI”), Bank Indonesia Deposit Facility (“FASBI”),
FASBI Syariah, call money, penempatan “fixed- Sharia FASBI, call money, “fixed-term”
term”, deposito berjangka, dan lain-lain. placements, time deposits, and others.
Nilai tercatat dari penempatan dan simpanan The carrying amount of floating rate placements
overnight dengan suku bunga mengambang and overnight deposits is a reasonable
adalah perkiraan yang layak atas nilai wajar. approximation of fair value.
Estimasi nilai wajar terhadap penempatan The estimated fair value of fixed interest bearing
dengan suku bunga tetap ditetapkan deposits is based on discounted cash flows
berdasarkan diskonto arus kas dengan using prevailing money market interest rates for
menggunakan suku bunga pasar uang yang debts with similar credit risk and remaining
berlaku untuk hutang dengan risiko kredit dan maturity (level 2 - fair value hierarchy).
sisa jatuh tempo yang serupa (tingkat 2 - hirarki
nilai wajar).
Halaman – 5/210 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 860
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
a. Nilai wajar aset dan liabilitas keuangan (lanjutan) a. Fair value of financial assets and liabilities
(continued)
(iii) Tagihan dan liabilitas derivatif, efek-efek, dan (iii) Derivative receivables and payables,
Obligasi Pemerintah marketable securities, and Government Bonds
Nilai wajar untuk tagihan dan liabilitas derivatif The fair value for derivative receivables and
mencerminkan diskonto dari estimasi kini dari payables represents discounted amount of
arus kas masa depan yang diharapkan akan estimated future cash flows expected to be
diterima atau dibayarkan hingga jatuh tempo. received or to be paid until maturity. Expected
Arus kas yang diharapkan didiskontokan pada cash flows are discounted at current market
tingkat suku bunga pasar terkini untuk rates to determine fair value (level 2 - fair value
menentukan nilai wajar (tingkat 2 - hirarki nilai hierarchy). The fair value for marketable
wajar). Nilai wajar untuk efek-efek ditetapkan securities are based on data from IBPA
berdasarkan data dari IBPA (Indonesia Bond (Indonesia Bond Pricing Agency) which is
Pricing Agency) dimana dihitung dengan model calculated using discounted cash flow model
diskonto arus kas dengan kurva yield (diambil based on current yield curve (derived from
dari data pasar) terkini yang sesuai dengan sisa market data) appropriated with remaining term
periode jatuh temponya (tingkat 2 - hirarki nilai of maturity (level 2 - fair value hierarchy). The fair
wajar). Nilai wajar untuk Obligasi Pemerintah value for Government Bonds are based on
ditetapkan berdasarkan harga pasar kuotasi dari quoted market prices from Bloomberg
Bloomberg (tingkat 1 - hirarki nilai wajar). (level 1 - fair value hierarchy).
(iv) Efek-efek yang dibeli dengan janji dijual kembali (iv) Securities purchased under resale agreements
dan efek-efek yang dijual dengan janji dibeli and securities sold under repurchase
kembali agreements
Estimasi nilai wajar terhadap efek-efek yang The estimated fair value of securities purchased
dibeli dengan janji dijual kembali dan efek-efek under resale agreements and securities sold
yang dijual dengan janji dibeli kembali ditetapkan under repurchased agreements are based on
berdasarkan diskonto arus kas dengan discounted cash flows using prevailing money
menggunakan suku bunga pasar uang yang market interest rates for debts with similar credit
berlaku untuk hutang dengan risiko kredit dan risk and remaining maturity. Since the maturity
sisa jatuh tempo yang serupa. Karena sisa jatuh is below 1 (one) year, the carrying amount of
tempo di bawah 1 (satu) tahun sehingga nilai securities purchased under resale agreements
tercatat dari efek-efek yang dibeli dengan janji and securities sold under repurchase
dijual kembali dan efek-efek yang dijual dengan agreements is a reasonable approximation of
janji dibeli kembali adalah perkiraan yang layak fair value (level 2 - fair value hierarchy).
atas nilai wajar (tingkat 2 - hirarki nilai wajar).
Halaman – 5/211 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 861
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
a. Nilai wajar aset dan liabilitas keuangan (lanjutan) a. Fair value of financial assets and liabilities
(continued)
(v) Kredit yang diberikan dan piutang pembiayaan (v) Loans and consumer financing receivables
konsumen
Kredit yang diberikan dan piutang pembiayaan Loans and consumer financing receivables are
konsumen dinyatakan berdasarkan jumlah nilai recorded at carrying amount net of provision for
tercatat setelah dikurangi cadangan penurunan impairment. The estimated fair value represents
nilai. Estimasi nilai wajar mencerminkan jumlah the discounted amount of estimated future cash
diskonto dari estimasi kini dari arus kas masa flows expected to be received. Expected cash
depan yang diharapkan akan diterima. Arus kas flows are discounted at current market rates to
yang diharapkan didiskontokan pada tingkat determine fair value (level 3 - fair value
suku bunga pasar terkini untuk menentukan nilai hierarchy).
wajar (tingkat 3 - hirarki nilai wajar).
(vi)aLiabilitas segera, simpanan dari nasabah, (vi)a Obligation due immediately, deposits from
simpanan dari bank lain, liabilitas akseptasi, customers, deposits from other banks,
pinjaman diterima, serta beban yang masih harus acceptance liabilities, borrowings, and accrual
dibayar dan liabilitas lain-lain and other liabilities
Estimasi nilai wajar simpanan tanpa jatuh tempo, The estimated fair value of deposits with no
termasuk simpanan tanpa bunga, adalah stated maturity, which includes non-interest
sebesar jumlah terhutang ketika hutang tersebut bearing deposits, is the amount repayable on
dibayarkan. demand.
Estimasi nilai wajar terhadap liabilitas segera, The estimated fair value of obligation due
simpanan dengan tingkat suku bunga tetap, immediately, fixed interest-bearing deposits,
liabilitas akseptasi, pinjaman yang diterima, acceptance liabilities, borrowings, accrual, and
beban yang masih harus dibayar, dan liabilitas other liabilities not quoted in an active market is
lain-lain yang tidak memiliki kuotasi di pasar aktif based on discounted cash flows using interest
ditetapkan berdasarkan diskonto arus kas rates for new debts with similar remaining
dengan menggunakan suku bunga hutang baru maturity (level 2 - fair value hierarchy).
dengan sisa jatuh tempo yang serupa
(tingkat 2 - hirarki nilai wajar).
(vii) Pinjaman subordinasi dan efek-efek yang (vii) Subordinated loans and marketable securities
diterbitkan issued
Nilai wajar pinjaman subordinasi dan efek-efek The fair value of subordinated loans and
yang diterbitkan diestimasi menggunakan marketable securities issued are estimated by
data dari IBPA (Indonesia Bond Pricing using data from IBPA (Indonesia Bond Pricing
Agency) dimana dihitung dengan model Agency) which is calculated using a
diskonto arus kas dengan kurva yield (diambil discounted cash flow model based on current
dari data pasar) terkini yang sesuai dengan yield curve (derived from market data)
sisa periode jatuh temponya (tingkat 2 – hirarki appropriated with remaining term of maturity
nilai wajar). (level 2 – fair value hierarchy).
Halaman – 5/212 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 862
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
a. Nilai wajar aset dan liabilitas keuangan (lanjutan) a. Fair value of financial assets and liabilities
(continued)
Aset dan liabilitas keuangan yang diukur pada nilai Financial assets and liabilities measured at fair value
wajar melalui laba rugi dan diukur pada nilai wajar through profit or loss and measured at fair value
melalui penghasilan komprehensif lain menggunakan through other comprehensive income use the following
hirarki nilai wajar sebagai berikut: fair value hierarchy:
a. Tingkat 1 a. Level 1
Harga kuotasian (tidak disesuaikan) dalam pasar Quoted prices (unadjusted) in active markets for
aktif untuk aset atau liabilitas yang identik; identical assets or liabilities;
b. Tingkat 2 b. Level 2
Input selain harga kuotasian yang termasuk Inputs other than quoted prices included within
dalam tingkat 1 yang dapat diobservasi untuk aset level 1 that are observable for the assets or
atau liabilitas, baik secara langsung (misalnya liabilities, either directly (such as prices) or
harga) maupun tidak langsung (misalnya derivasi indirectly (such as derived from prices); and
harga); dan
c. Tingkat 3 c. Level 3
Input untuk aset atau liabilitas yang bukan Inputs for the assets or liabilities that are not based
berdasarkan data pasar yang dapat diobservasi on observable market data (unobservable inputs).
(input yang tidak dapat diobservasi).
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, financial
aset dan liabilitas keuangan yang diukur pada nilai assets and liabilities measured at fair value based on
wajar menggunakan hirarki nilai wajar adalah: following fair value hierarchy:
2024
Tingkat 1/ Tingkat 2/ Tingkat 3/ Nilai wajar/
Level 1 Level 2 Level 3 Fair value
Aset Assets
Efek-efek 16,342,800 6,189,674 - 22,532,474 Marketable securities
Obligasi Pemerintah 55,930,634 - - 55,930,634 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali - 1,286,783 - 1,286,783 resale agreements
Tagihan derivatif - 1,184,890 - 1,184,890 Derivative receivables
72,273,434 8,661,347 - 80,934,781
Liabilitas Liabilities
Simpanan dari nasabah - 20,547,202 - 20,547,202 Deposits from customers
Simpanan dari bank lain - 5,636 - 5,636 Deposits from other banks
Liabilitas derivatif - 906,630 - 906,630 Derivative payables
- 21,459,468 - 21,459,468
2023
Tingkat 1/ Tingkat 2/ Tingkat 3/ Nilai wajar/
Level 1 Level 2 Level 3 Fair value
Aset Assets
Efek-efek 251,038 8,097,364 - 8,348,402 Marketable securities
Obligasi Pemerintah 52,504,393 - - 52,504,393 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali - 492,674 - 492,674 resale agreements
Tagihan derivatif - 849,014 - 849,014 Derivative receivables
52,755,431 9,439,052 - 62,194,483
Liabilitas Liabilities
Simpanan dari nasabah - 18,983,531 - 18,983,531 Deposits from customers
Simpanan dari bank lain - 4,206 - 4,206 Deposits from other banks
Liabilitas derivatif - 540,051 - 540,051 Derivative payables
- 19,527,788 - 19,527,788
Halaman – 5/213 – Page
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Page 863
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
a. Nilai wajar aset dan liabilitas keuangan (lanjutan) a. Fair value of financial assets and liabilities
(continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, financial
aset dan liabilitas keuangan yang diukur pada nilai assets and liabilities measured at fair value based on
wajar menggunakan hirarki nilai wajar adalah: following fair value hierarchy: (continued)
(lanjutan)
2022
Tingkat 1/ Tingkat 2/ Tingkat 3/ Nilai wajar/
Level 1 Level 2 Level 3 Fair value
Aset Assets
Efek-efek - 4,351,761 - 4,351,761 Marketable securities
Obligasi Pemerintah 38,876,174 - - 38,876,174 Government Bonds
Tagihan derivatif - 969,308 - 969,308 Derivative receivables
38,876,174 5,321,069 - 44,197,243
Liabilitas Liabilities
Simpanan dari nasabah - 15,588,364 - 15,588,364 Deposits from customers
Liabilitas derivatif - 701,179 - 701,179 Derivative payables
- 16,289,543 - 16,289,543
b. Manajemen risiko permodalan b. Capital risk management
Kebijakan manajemen modal Bank CIMB Niaga Bank CIMB Niaga’s capital management objective is
adalah untuk mempertahankan posisi modal yang to maintain a strong capital position to support
kuat untuk mendukung pertumbuhan bisnis dan business growth and to sustain investors, depositor,
mempertahankan investor, deposan, pelanggan, dan customer, and market confidence. In managing its
kepercayaan pasar. Dalam pengelolaan permodalan, capital, Bank CIMB Niaga considers factors such as:
Bank CIMB Niaga mempertimbangkan faktor-faktor providing optimal capital rate of return to shareholders,
seperti: pengembalian modal yang optimal kepada maintaining a balance between high return with
pemegang saham, menjaga keseimbangan antara gearing ratio and the advantages, and safety provided
keuntungan yang lebih tinggi dengan gearing ratio dan by a sound capital position.
keuntungan, serta keamanan yang diberikan oleh
posisi modal yang sehat.
Bank CIMB Niaga telah memenuhi semua Bank CIMB Niaga has complied with all externally
persyaratan modal yang diwajibkan pada tanggal imposed capital requirements as at 31 December
31 Desember 2024, 2023, dan 2022. 2024, 2023, and 2022.
Posisi permodalan Bank CIMB Niaga berdasarkan Bank CIMB Niaga’s regulatory capital position under
peraturan Bank Indonesia yang berlaku pada tanggal the prevailing Bank Indonesia regulation as at
31 Desember 2024, 2023, dan 2022, diungkapkan 31 December 2024, 2023, and 2022, were disclosed
pada Catatan 61. in Note 61.
Manajemen menggunakan peraturan rasio Management uses regulatory capital ratios in order to
permodalan untuk memantau kecukupan modal, monitor its capital base, in accordance with the
sesuai dengan standar industri dengan industry standards by considering applicable
mempertimbangkan ketentuan yang ditetapkan oleh requirement as regulated by regulator for measuring
regulator. Pendekatan Bank Indonesia untuk capital adequacy. Bank Indonesia’s approach in
pengukuran modal tersebut terutama didasarkan measuring the capital ratio is primarily based on
pada pemantauan kebutuhan modal yang diwajibkan capital regulatory (measured as certain percentage of
(diukur sebesar persentase tertentu dari aset risk-weighted assets) towards available capital
tertimbang menurut risiko) terhadap modal yang resources.
tersedia.
Halaman – 5/214 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT 52. CREDIT RISK
Risiko kredit adalah risiko kerugian keuangan yang timbul jika Credit risk is the risk of financial loss, if any of Bank CIMB
nasabah, klien atau rekanan Bank CIMB Niaga gagal Niaga’s customers, clients or market counterparties fail to
memenuhi liabilitas kontraktualnya kepada Bank CIMB fulfill their contractual obligations to Bank CIMB Niaga.
Niaga. Risiko kredit terutama berasal dari kredit yang Credit risk arises mainly from consumer and commercial
diberikan kepada sektor konsumen dan komersial, kartu loans, credit cards, and also arises from credit
kredit, dan risiko kredit dari credit enhancement, seperti kredit enhancement provided, such as credit derivatives (credit
derivatif (credit default swaps), garansi, letters of credit, default swaps), guarantees, letters of credit,
endorsements, dan akseptasi. endorsements, and acceptances.
Bank CIMB Niaga juga dipengaruhi oleh risiko kredit lainnya Bank CIMB Niaga is also exposed to other credit risks
yang berasal dari investasi pada efek hutang (Obligasi arising from investments in debt securities (Government
Pemerintah dan efek-efek) dan eksposur lain yang timbul dari Bonds and marketable securities) and other exposures
aktivitas perdagangan (eksposur perdagangan). arising from its trading activities (trading exposures).
Manajemen melakukan pengelolaan eksposur risiko kredit Management is prudent in managing its exposure to credit
dengan hati-hati. Manajemen dan pengendalian atas risiko risk. The credit risk management and control are
kredit dipusatkan dalam tim manajemen risiko kredit, yang centralised in a credit risk management team, which
bertanggung jawab kepada Dewan Direksi dan pemimpin tiap reports to the Board of Directors and head of each
unit bisnis secara rutin. business unit regularly.
Faktor utama yang berperan dalam pengendalian dan The main factor that controls and reduces credit risk is the
mengurangi risiko kredit adalah kemampuan dan ability and maturity of the credit units to analyze the credit,
kematangan satuan kerja perkreditan dalam membuat which results in a balance between credit risk and
analisis kredit, sehingga pada akhirnya tercapai suatu business development consideration. At the same time,
keseimbangan antara pengelolaan risiko dengan portfolio management and credit risk is the responsibility
pengembangan bisnis. Bersamaan dengan itu, pengelolaan of the Risk Management Committee.
portofolio dan risiko kredit merupakan tanggung jawab dari
Komite Manajemen Risiko.
(i) Pengukuran risiko kredit (i) Credit risk measurement
Estimasi terhadap eksposur kredit adalah proses yang The estimation of credit exposure is complex and
kompleks dan memerlukan penggunaan model, dimana requires the use of models, as the value of a product
nilai dari suatu produk bervariasi tergantung dengan varies depend on changes in market variables,
perubahan pada variabel-variabel pasar, arus kas masa expected future cash flows, and the passage of time.
depan, dan rentang waktu. Penilaian risiko kredit atas The credit assessment of asset portfolio entails
suatu portofolio aset memerlukan estimasi-estimasi, further estimations such as the likelihood of defaults
seperti kemungkinan terjadinya wanprestasi, rasio occurring of the associated loss ratios and of default
kerugian, dan korelasi wanprestasi antar rekanan. correlations between counterparties.
Bank CIMB Niaga memiliki model untuk mendukung Bank CIMB Niaga has the models to support the
kuantifikasi dari risiko kredit. Model peringkat dan skor quantification of credit risk. These rating and scoring
ini akan digunakan untuk keseluruhan portofolio kredit models will be used for all key credit portfolios and
utama dan membentuk basis untuk mengukur risiko form the basis for measuring default risks. In
wanprestasi. Dalam mengukur risiko kredit untuk kredit measuring credit risk of loans, Bank CIMB Niaga
yang diberikan, Bank CIMB Niaga mempertimbangkan considers three components: (i) loss estimation when
tiga komponen: (i) estimasi kerugian saat debitur atau debtor or counterparts cannot fulfill their contractual
rekanan tidak dapat memenuhi liabilitasnya; (ii) estimasi obligations; (ii) estimation of the exposure when a
tingkat eksposur saat debitur atau rekanan tidak dapat debtors or counterparts cannot fulfill their obligations,
memenuhi liabilitasnya baik pada on-balance sheet both at on-balance sheet and off-balance sheet; and
maupun off-balance sheet; dan (iii) estimasi kerugian (iii) loss estimation that should be borne by Bank
yang harus ditanggung oleh Bank CIMB Niaga atas CIMB Niaga on the defaulted obligations.
liabilitas yang telah wanprestasi.
Halaman – 5/215 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 865
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(i) Pengukuran risiko kredit (lanjutan) (i) Credit risk measurement (continued)
Untuk memantau risiko atas penyaluran kredit, secara To manage and monitor credit risk, Bank CIMB Niaga
rutin Bank CIMB Niaga melakukan analisis terhadap performs portfolio analysis regularly through
portofolio kredit melalui pendekatan secara statistik statistical method based on portfolio segmentation
berdasarkan segmentasi bisnis dan kualitas kredit dari and credit quality from debtors or counterparts,
debitur atau rekanan, termasuk dalam menentukan including in determining credit segmentation and
segmentasi dan kualitas kredit untuk keperluan quality for the purpose of assessing allowance for
penilaian cadangan kerugian penurunan nilai. Indikator impairment losses. “Early Warning” indicators are
"Peringatan Dini" ditentukan melalui proyeksi dan established through forecasting and limit monitoring.
pemantauan limit. Metode yang digunakan dalam Several methods used in regular portfolio monitoring
memantau portofolio secara reguler adalah matriks are transition matrix and Gross Roll Rate Model.
transisi dan Gross Roll Rate Model.
Penetapan Kebijakan Limit dan pemantauan juga Policy and Limits monitoring is conducted on regular
dilakukan secara rutin, antara lain: Batas Maksimum basis including: Legal Lending Limit, business
Pemberian Kredit, segmentasi bisnis (kategori debitur), segmentation (category of debtor), type of currency,
jenis mata uang, dan sektor ekonomi. Bank CIMB Niaga and economic sectors. Bank CIMB Niaga has set the
telah menetapkan limit-limit untuk memantau kualitas limits to monitor the quality of retail credit portfolio,
portofolio kredit ritel, termasuk didalamnya kredit ritel covering the types of loans which granted to
yang diberikan kepada individu, dalam jangka waktu individuals, within a specific period/installment or
tertentu/cicilan atau berulang dan kredit yang diberikan revolving and direct or indirect lending to the debtor.
secara langsung atau tidak langsung kepada debitur.
(ii) Pengendalian batas risiko dan kebijakan mitigasi (ii) Risk limit control and mitigation policy
Bank CIMB Niaga mengelola, membatasi, dan Bank CIMB Niaga manages, limits, and controls
mengendalikan konsentrasi risiko kredit dimanapun concentrations of credit risk wherever they are
risiko tersebut teridentifikasi secara khusus, terhadap identified in particular, to individual counterparties and
debitur individu dan kelompok, dan industri serta groups, and to industries and geographical.
geografis.
Bank CIMB Niaga menentukan tingkat risiko kredit yang Bank CIMB Niaga structures the levels of credit risk
dimiliki dengan menetapkan batas jumlah risiko yang and undertakes by placing limits on the amount of risk
bisa diterima yang terkait dengan satu debitur, atau accepted in relation to one borrower, or groups of
kelompok debitur, dan berdasarkan segmen geografis borrowers, and to geographical and industry
dan industri. Risiko ini dimonitor dengan basis revolving segments. Such risks are monitored on a revolving
dan akan ditelaah secara tahunan atau dengan basis and subject to an annual or more frequent
frekuensi yang lebih sering jika diperlukan. review, when considered necessary.
Halaman – 5/216 – Page
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Page 866
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(ii) Pengendalian batas risiko dan kebijakan mitigasi (ii) Risk limit control and mitigation policy (continued)
(lanjutan)
Eksposur pada satu debitur termasuk bank dan The exposure to any one borrower including banks
perantara (broker) juga dibatasi oleh sublimit yang and brokers is further restricted by sublimits covering
mencakup eksposur laporan posisi keuangan on the consolidated statement of financial position
konsolidasian dan rekening administratif, dan batas and administrative accounts, and daily delivery risk
risiko pengiriman harian sehubungan dengan unsur limits in relation to trading items such as forward
yang diperdagangkan seperti kontrak forward untuk nilai foreign exchange contracts. Actual exposures against
tukar mata uang asing. Eksposur aktual terhadap batas limits are monitored daily.
yang telah ditetapkan dimonitor secara harian.
Batas pemberian kredit ditelaah mengikuti perubahan Lending limits are reviewed following market
pada kondisi pasar dan ekonomi, telaahan kredit secara changing and economic conditions, periodic credit
periodik, dan penilaian atas kemungkinan wanprestasi. reviews, and assessments of probability of default.
Beberapa pengendalian spesifik lainnya dan Some other specific control and mitigation measures
pengukuran mitigasi dijelaskan di bawah ini: are outlined belows:
Agunan Collateral
Bank CIMB Niaga menerapkan kebijakan untuk Bank CIMB Niaga employs policy to mitigate credit
memitigasi risiko kredit, antara lain dengan meminta risk, by asking collateral to secure the repayment of
agunan sebagai jaminan pelunasan kredit jika jaminan loans if the main source of debtor’s payment is based
berupa sumber pembayaran utama debitur berdasarkan on its cash flow were not fulfilled. Collateral types that
arus kas tidak terpenuhi. Jenis agunan yang dapat can be used for working capital and investment loans
diterima untuk kredit modal kerja dan investasi dalam to mitigate the risk are such as:
rangka memitigasi risiko kredit antara lain adalah:
• Kas (termasuk simpanan dari nasabah); • Cash (including deposits from customers);
• Tanah dan/atau bangunan; • Land and/or building;
• Standby LC/Bank Garansi yang diterima Bank CIMB • Standby LC/Bank Guarantee received by Bank
Niaga; CIMB Niaga;
• Mesin; • Machinery;
• Kendaraan bermotor; • Vehicle;
• Piutang dagang; • Trade receivables;
• Bahan baku / barang dagangan (persediaan); dan • Inventory; and
• Saham atau surat berharga lainnya. • Stock or other marketable securities.
Pemberian pembiayaan dan kredit jangka panjang Longer term financing and lending to corporate
kepada entitas korporasi (modal kerja dan investasi) entities (working capital and investment) are
pada umumnya disertai agunan. Untuk meminimalisasi generally secured. In addition, in order to minimise
kerugian kredit, Bank CIMB Niaga akan meminta the credit loss, Bank CIMB Niaga will ask additional
tambahan agunan dari debitur ketika terdapat indikasi collateral from the counterparty as soon as
penurunan nilai atas kredit yang diberikan. impairment indicators are identified for the relevant
individual loans.
Halaman – 5/217 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 867
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(ii) Pengendalian batas risiko dan kebijakan mitigasi (ii) Risk limit control and mitigation policy (continued)
(lanjutan)
Agunan (lanjutan) Collateral (continued)
Agunan yang dimiliki sebagai jaminan atas aset Collateral held as security for financial assets other
keuangan selain untuk kredit yang diberikan ditentukan than loans depend on the nature of the instrument.
berdasarkan sifat dari instrumennya. Efek utang, tresuri, Debt securities, treasury, and other customer’s
dan tagihan kepada nasabah bank yang memenuhi eligible bills are generally unsecured, except for
syarat lainnya pada umumnya tanpa agunan, kecuali asset-backed securities and similar instruments,
untuk asset-backed securities dan instrumen sejenis, which are secured by portfolios of financial
yang dijaminkan dengan portofolio instrumen keuangan. instruments. Particularly for corporate customers, the
Khususnya untuk nasabah korporasi, jaminan yang required collateral can be in form of margin collateral.
disyaratkan antara lain dapat berupa margin collateral.
Jaminan untuk kredit konsumsi adalah aset yang Collateral for consumer loan is financed assets
dibiayai yaitu tanah dan/atau bangunan atau kendaraan consisted of land and/or building or vehicle.
bermotor. Secara umum, Bank CIMB Niaga Generally, Bank CIMB Niaga is requiring 125% of
mengharuskan rasio agunan terhadap kredit yang collateral ratio to total loans at inceptions.
diberikan sebesar 125% pada awal kredit.
Batas pemberian (untuk derivatif) Lending limits (for derivative)
Bank CIMB Niaga menetapkan batas pengendalian Bank CIMB Niaga maintains strict control limits on net
yang ketat atas posisi derivatif bersih (yang merupakan open derivative positions (that is, the difference
selisih antara kontrak pembelian dan penjualan) baik between purchase and sale contracts) in term of
dalam hal jumlah maupun jangka waktu. Jumlah risiko amount and term. The amount of credit risk is limited
kredit terbatas pada arus kas masuk bersih masa depan to expected future net cash inflows of instruments,
atas instrumen, dimana untuk derivatif hanyalah fraksi which in relation to derivatives are only a fraction of
dari kontrak, atau nilai nosional yang menyatakan the contract, or notional values used to express the
volume instrumen tersebut. Eksposur risiko kredit dan volume of instruments outstanding. This credit risk
potensi eksposur dari pergerakan pasar dikelola sebagai exposure is managed as part of the overall lending
bagian dari keseluruhan batas pemberian kredit kepada limits with customers, together with potential
nasabah. Agunan dan jaminan lainnya tidak harus selalu exposures from market movements. Collateral or
didapatkan untuk eksposur instrumen risiko kredit, other security is not always obtained for credit risk
kecuali jika Bank CIMB Niaga mensyaratkan marjin exposures on these instruments, except where Bank
deposito dari pihak rekanan. CIMB Niaga requires margin deposits from
counterparties.
Risiko settlement timbul jika pembayaran dalam bentuk Settlement risk arises in any situation where a
uang tunai, efek atau saham dilakukan dengan harapan payment in cash, securities or equities is made with
akan dapat menerima hak yang setara dengan kas atau an expectation of receiving an equivalent cash or
efek. Batas penyelesaian harian ditetapkan untuk setiap securities. Daily settlement limits are established for
debitur untuk menutupi jumlah agregat penyelesaian each counterparty to cover the aggregate of all
risiko yang berasal dari transaksi pasar harian Bank settlement risk arising from Bank CIMB Niaga’s
CIMB Niaga. market transactions on any single day.
Halaman – 5/218 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 868
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(ii) Pengendalian batas risiko dan kebijakan mitigasi (ii) Risk limit control and mitigation policy (continued)
(lanjutan)
Kesepakatan induk untuk menyelesaikan secara neto Master netting arrangements
Salah satu cara Bank CIMB Niaga membatasi eksposur One of Bank CIMB Niaga’s approach to restrict its
kerugian kredit adalah dengan melakukan kesepakatan exposure to credit losses is by entering into master
induk untuk menyelesaikan secara neto (master netting netting arrangements with counterparties with which
arrangements) dengan pihak counterparty yang memiliki it undertakes a significant volume of transactions.
volume transaksi yang signifikan. Secara umum, Master netting arrangements do not generally result
kesepakatan induk untuk menyelesaikan secara neto in an off-set of assets and liabilities of the
tidak selalu mengarah pada saling hapus aset dan consolidated statements of financial position, as the
liabilitas dalam laporan posisi keuangan konsolidasian, transactions are either usually settled on a gross
karena transaksi-transaksi tersebut biasanya basis or under mostly netting agreements, the right of
diselesaikan secara bruto atau pada sebagian besar set off is triggered only on default. However, the credit
kesepakatan induk untuk menyelesaikan secara neto risk associated with favourable contracts is reduced
saling hapus hanya terjadi dalam hal wanprestasi. by a master netting arrangement to the extent that if
Namun risiko kredit atas suatu kontrak akan a default occurs, all amounts with the counterparty
terminimalisasi dengan kesepakatan induk untuk are terminated and settled on a net basis. Bank CIMB
menyelesaikan secara neto apabila terjadi wanprestasi, Niaga’s overall exposure to credit risk on derivative
dimana seluruh saldo dengan pihak counterparty akan instruments subject to master netting arrangements
dihapus dan diselesaikan secara neto. Eksposur risiko can change substantially within a short period, as it is
kredit Bank CIMB Niaga secara keseluruhan atas affected by each transaction subject to the
instrumen derivatif yang terkait dengan kesepakatan arrangement.
induk untuk menyelesaikan secara neto dapat berubah
secara substansial dalam periode yang singkat sesuai
dengan transaksi yang mempengaruhi kesepakatan
tersebut.
Batasan-batasan keuangan (komitmen yang terkait Financial terms (for commitments related credit and
dengan kredit dan loan book) loan book)
Tujuan utama instrumen ini adalah untuk memastikan The primary purpose of these instruments is to
adanya ketersediaan dana untuk nasabah ketika ensure that funds are available to a customer as
dibutuhkan. Bank garansi dan standby letter of credit needed. Bank guarantees and standby letters of
memiliki risiko kredit yang hampir sama dengan kredit credit almost carry the same credit risk as loans.
yang diberikan. Dokumentasi dan commercial letters of Documentary and commercial letters of credit which
credit yang dibuat oleh Bank CIMB Niaga atas nama are written by Bank CIMB Niaga on behalf of a
nasabah memberikan otorisasi kepada pihak ketiga customer, authorizing a third party to draw drafts up
untuk mencairkan drafts tersebut sampai jumlah yang to a stipulated amount under specific terms and
telah ditetapkan dengan syarat dan ketentuan tertentu conditions are collateralised by the underlying
dijaminkan pada pengiriman barang terkait sehingga shipments of goods to which they relate and therefore
instrumen ini memiliki risiko yang lebih rendah carrying less risk than a direct loan.
dibandingkan dengan kredit yang diberikan secara
langsung.
Bank CIMB Niaga memonitor jangka waktu jatuh tempo Bank CIMB Niaga monitors the term to maturity of
komitmen kredit oleh karena komitmen dengan jangka credit commitments because longer term
waktu yang lebih lama pada umumnya memiliki risiko commitments generally have a greater degree of
kredit yang lebih besar dibandingkan dengan komitmen credit risk than shorter term commitments.
yang memiliki jangka waktu yang lebih pendek.
Halaman – 5/219 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 869
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iii) Penurunan nilai dan kebijakan pencadangan (iii) Impairment and provisioning policy
Kebijakan terkait penurunan nilai dan pencadangan Policy regarding impairment and provisioning can be
dapat dilihat pada Catatan 2h. referred to Note 2h.
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya enhancements
Eksposur risiko kredit terhadap aset pada laporan posisi Credit risk exposures relating to consolidated
keuangan konsolidasian - neto sesudah cadangan statements of financial position’s assets - net of
kerugian penurunan nilai pada tanggal allowance of possible losses as at
31 Desember 2024, 2023, dan 2022 adalah: 31 December 2024, 2023, and 2022 were as follows:
2024 2023 2022
Giro pada Bank Indonesia 9,990,709 13,180,254 8,985,257 Current accounts with Bank Indonesia
Giro pada bank lain 2,508,917 2,703,266 2,748,458 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 5,047,695 4,532,988 14,869,794 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 2,512,584 1,401,241 103,188 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 20,019,890 6,947,161 4,248,573 Fair value through other comprehensive income
Biaya perolehan diamortisasi 922,820 1,015,531 1,457,904 Amortised cost
Obligasi Pemerintah Government Bonds
Nilai wajar melalui laba rugi 19,601,478 16,418,263 8,434,871 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 36,329,156 36,086,130 30,441,303 Fair value through other comprehensive income
Biaya perolehan diamortisasi 14,423,993 18,092,114 20,322,852 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,612,832 5,159,387 510,307 resale agreement
Tagihan derivatif 1,184,890 849,014 969,308 Derivative receivables
Kredit yang diberikan Loans
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 91,378,937 84,189,293 73,183,238 Working capital
Investasi 51,409,593 46,418,146 43,984,450 Investment
Konsumsi 74,561,065 70,714,948 66,245,941 Consumer
217,349,595 201,322,387 183,413,629
Tagihan akseptasi 2,751,967 1,093,453 2,086,763 Acceptance receivables
Penyertaan 23,143 3,659 3,659 Investments
Pendapatan bunga yang masih akan diterima 3,027,711 3,414,197 2,923,768 Accrued interest income
Aset lain-lain 2,503,186 1,834,271 4,787,789 Other assets
339,810,566 314,053,316 286,307,423
Halaman – 5/220 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 870
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Eksposur risiko kredit terhadap rekening administratif Credit risk exposures relating to off-balance sheet
pada tanggal 31 Desember 2024, 2023, dan 2022 items as at 31 December, 2024, 2023, and 2022 were
adalah: as follows:
2024 2023 2022
Fasilitas kredit kepada nasabah yang Unused loan facilities granted
belum ditarik - committed - committed
Modal kerja 10,224,558 6,294,563 6,693,362 Working capital
Investasi 6,009,326 6,080,758 4,704,001 Investment
Konsumsi 708 5,729 12,720 Consumer
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,855,914 1,625,442 1,309,897 letters of credit
Garansi yang diterbitkan 5,888,091 5,364,148 4,832,874 Guarantees issued
23,978,597 19,370,640 17,552,854
Tabel di atas menggambarkan eksposur maksimum The table above represents maximum of credit risk
atas risiko kredit bagi Bank CIMB Niaga pada tanggal exposure to Bank CIMB Niaga as at
31 Desember 2024, 2023, dan 2022, tanpa 31 December 2024, 2023, and 2022, without taking
memperhitungkan agunan atau pendukung kredit into account of any collateral held or other credit
lainnya. Untuk aset neraca, eksposur di atas ditentukan enhancements attached. For balance sheet assets,
berdasarkan nilai tercatat bersih seperti yang the exposures set out above are based on net
diungkapkan pada laporan posisi keuangan carrying amounts as reported in the consolidated
konsolidasian. statements of financial position.
Seperti yang telah dijelaskan di atas, pada tanggal As shown above, as at 31 December 2024, 61.06%
31 Desember 2024, 61,06% (2023: 61,85%; 2022: (2023: 61.85%; 2022: 62.03%) of the total maximum
62,03%) dari jumlah eksposur maksimum berasal dari exposure was derived from loans.
kredit yang diberikan.
Manajemen yakin akan kemampuan Bank CIMB Management is confident in its ability to continue to
Niaga untuk terus mengendalikan dan control and sustain minimal exposure of credit risk to
mempertahankan eksposur risiko kredit yang minimal Bank CIMB Niaga resulting from its loan based on the
terhadap risiko kredit Bank CIMB Niaga yang timbul following:
dari kredit yang diberikan berdasarkan hal-hal berikut:
• Bank CIMB Niaga telah memiliki pedoman tertulis • Bank CIMB Niaga has a documented credit policy
mengenai kebijakan dan proses kredit yang and procedures that covers all aspects of Bank
mencakup seluruh aspek pemberian kredit yang CIMB Niaga’s lending activities. Loan transactions
dilakukan. Setiap pemberian kredit harus must adhere to the requirements of Bank CIMB
senantiasa mengacu pada kebijakan tersebut; Niaga’s policy;
• Bank CIMB Niaga telah memiliki sistem deteksi dini • Bank CIMB Niaga has early problem detection
permasalahan melalui ”early warning system” dan system through “early warning system” and
pemantauan yang disiplin; disciplined monitoring;
• Seluruh kredit diberikan dengan agunan kecuali • All loans are secured by collateral, except for
untuk jenis kredit tertentu seperti kartu kredit, certain loans such as credit card, personal loan,
personal loan, dan fasilitas antar bank. and interbank loans.
Halaman – 5/221 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 871
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Pada tanggal 31 Desember 2024, 95,80% As at 31 December 2024, 95.80% (2023: 94.71%;
(2023: 94,71%; 2022: 92,74%) dari portofolio kredit 2022: 92.74%) of the loans was classified as
yang diberikan dikategorikan sebagai tidak mengalami unimpaired.
penurunan nilai.
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit risk exposure
a) Sektor geografis a) Geographical sectors
Tabel berikut menggambarkan rincian eksposur The following tables describe Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at their carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya), yang dikategorikan collateral held or other credit enhancements), as
berdasarkan area geografis pada tanggal of 31 December 2024, 2023, and 2022. For these
31 Desember 2024, 2023, dan 2022. tables, Bank CIMB Niaga and Subsidiaries has
Untuk tabel ini, Bank CIMB Niaga dan Entitas Anak allocated exposures to regions based on the
telah mengalokasikan eksposur area berdasarkan geographical area which activities are
wilayah geografis tempat mereka beroperasi. undertaken.
2024
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Giro pada Current accounts with
Bank Indonesia 9,990,709 - - - - - - 9,990,709 Bank Indonesia
Giro pada bank lain 1,567,255 - - - - - 941,662 2,508,917 Current accounts with other banks
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 5,047,395 - - - - - 300 5,047,695 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 2,512,584 - - - - - - 2,512,584 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 20,019,890 - - - - - - 20,019,890 Fair value through other comprehensive income
Biaya perolehan diamortisasi 923,660 - - - - - - 923,660 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 19,601,478 - - - - - - 19,601,478 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 36,329,156 - - - - - - 36,329,156 Fair value through other comprehensive income
Biaya perolehan diamortisasi 14,423,993 - - - - - - 14,423,993 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,612,832 - - - - - - 1,612,832 resale agreements
Tagihan derivatif 1,184,890 - - - - - - 1,184,890 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 64,589,404 6,127,873 5,461,861 8,252,281 4,389,691 8,243,055 - 97,064,165 Working capital
Investasi 49,227,044 537,887 361,849 873,472 1,030,392 2,072,518 - 54,103,162 Investment
Konsumsi 48,813,963 4,209,293 1,840,615 4,542,953 1,720,219 5,655,566 10,053,059 76,835,668 Consumer
Tagihan akseptasi 2,659,637 49,966 12,173 32,128 - 7,896 - 2,761,800 Acceptance receivables
Penyertaan 24,214 - - - - - - 24,214 Investments
Pendapatan bunga yang masih
akan diterima 2,755,870 69,667 32,666 78,383 24,899 66,222 4 3,027,711 Accrued interest income
Aset lain-lain 2,275,899 - - - - - 227,287 2,503,186 Other assets
283,559,873 10,994,686 7,709,164 13,779,217 7,165,201 16,045,257 11,222,312 350,475,710
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (10,665,144) impairment losses
339,810,566
Halaman – 5/222 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 872
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
a) Sektor geografis (lanjutan) a) Geographical sectors (continued)
Tabel berikut menggambarkan rincian eksposur The following tables describe Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at their carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya), yang dikategorikan collateral held or other credit enhancements), as
berdasarkan area geografis pada tanggal 31 December 2024, 2023, and 2022.
31 Desember 2024, 2023, dan 2022. Untuk tabel ini, For these tables, Bank CIMB Niaga and
Bank CIMB Niaga dan Entitas Anak telah Subsidiaries has allocated exposures to regions
mengalokasikan eksposur area berdasarkan based on the geographical area which activities
wilayah geografis tempat mereka beroperasi. are undertaken. (continued)
(lanjutan)
2023
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Giro pada Current accounts with
Bank Indonesia 13,180,254 - - - - - - 13,180,254 Bank Indonesia
Giro pada bank lain 1,628,223 - - - - - 1,075,043 2,703,266 Current accounts with other banks
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 4,541,702 - - - - - - 4,541,702 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 1,401,241 - - - - - - 1,401,241 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 6,947,161 - - - - - - 6,947,161 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,049,407 658 3,841 785 - - - 1,054,691 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 16,418,263 - - - - - - 16,418,263 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 36,086,130 - - - - - - 36,086,130 Fair value through other comprehensive income
Biaya perolehan diamortisasi 18,092,114 - - - - - - 18,092,114 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 5,159,387 - - - - - - 5,159,387 resale agreements
Tagihan derivatif 849,014 - - - - - - 849,014 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 59,657,826 5,975,907 4,992,544 8,012,274 4,144,481 7,625,551 - 90,408,583 Working capital
Investasi 45,794,455 426,384 378,566 901,335 846,841 1,647,540 - 49,995,121 Investment
Konsumsi 47,870,304 4,014,901 1,865,983 4,643,322 1,802,765 5,315,571 7,453,320 72,966,166 Consumer
Tagihan akseptasi 1,023,594 43,914 13,972 16,859 - 3,752 - 1,102,091 Acceptance receivables
Penyertaan 4,214 - - - - - - 4,214 Investments
Pendapatan bunga yang masih
akan diterima 3,042,226 76,595 41,157 156,077 31,570 66,430 142 3,414,197 Accrued interest income
Aset lain-lain 2,151,622 - - - - - 112,148 2,263,770 Other assets
264,897,137 10,538,359 7,296,063 13,730,652 6,825,657 14,658,844 8,640,653 326,587,365
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (12,534,049) impairment losses
314,053,316
Halaman – 5/223 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 873
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
a) Sektor geografis (lanjutan) a) Geographical sectors (continued)
Tabel berikut menggambarkan rincian eksposur The following tables describe Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at their carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya), yang dikategorikan collateral held or other credit enhancements), as
berdasarkan area geografis pada tanggal 31 December 2024, 2023, and 2022.
31 Desember 2024, 2023, dan 2022. Untuk tabel ini, For these tables, Bank CIMB Niaga and
Bank CIMB Niaga dan Entitas Anak telah Subsidiaries has allocated exposures to regions
mengalokasikan eksposur area berdasarkan based on the geographical area which activities
wilayah geografis tempat mereka beroperasi. are undertaken. (continued)
(lanjutan)
2022
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Giro pada Current accounts with
Bank Indonesia 8,985,257 - - - - - - 8,985,257 Bank Indonesia
Giro pada bank lain 2,362,717 - - - - - 385,741 2,748,458 Current accounts with other banks
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 14,878,602 - - - - - - 14,878,602 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 103,188 - - - - - - 103,188 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 4,248,573 - - - - - - 4,248,573 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,473,579 487 2,266 - - - - 1,476,332 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 8,434,871 - - - - - - 8,434,871 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 30,441,303 - - - - - - 30,441,303 Fair value through other comprehensive income
Biaya perolehan diamortisasi 20,322,852 - - - - - - 20,322,852 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 510,307 - - - - - - 510,307 resale agreements
Tagihan derivatif 969,308 - - - - - - 969,308 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 51,890,565 5,171,825 5,989,647 7,239,037 4,097,633 6,623,647 - 81,012,354 Working capital
Investasi 43,009,562 357,221 378,260 822,718 802,681 1,519,735 - 46,890,177 Investment
Konsumsi 45,899,321 3,894,173 1,868,448 4,377,343 1,831,417 4,918,957 5,918,824 68,708,483 Consumer
Tagihan akseptasi 1,630,658 324,520 49,196 68,873 - 33,349 - 2,106,596 Acceptance receivables
Penyertaan 4,214 - - - - - - 4,214 Investments
Pendapatan bunga yang masih
akan diterima 2,459,600 88,419 59,727 192,502 47,855 75,665 - 2,923,768 Accrued interest income
Aset lain-lain 5,107,964 - - - - - 109,324 5,217,288 Other assets
242,732,441 9,836,645 8,347,544 12,700,473 6,779,586 13,171,353 6,413,889 299,981,931
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,674,508) impairment losses
286,307,423
Halaman – 5/224 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 874
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
a) Sektor geografis (lanjutan) a) Geographical sectors (continued)
Eksposur risiko kredit atas rekening administratif Credit risk exposure relating to off-balance sheet
adalah: items were as follows:
2024
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja 10,179,627 - 35,000 9,931 - - - 10,224,558 Working capital
Investasi 5,998,009 11,317 - - - - - 6,009,326 Investment
Konsumsi 18 - - 114 - 576 - 708 Consumer
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,272,643 51,564 292,533 222,998 - 16,176 - 1,855,914 letters of credit
Garansi yang diterbitkan 3,612,313 708,899 190,160 449,945 215,926 710,848 - 5,888,091 Guarantees issued
21,062,610 771,780 517,693 682,988 215,926 727,600 - 23,978,597
2023
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja 6,170,630 - 115,000 8,933 - - - 6,294,563 Working capital
Investasi 6,067,870 12,888 - - - - - 6,080,758 Investment
Konsumsi 245 4,773 - 38 - 673 - 5,729 Consumer
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 984,319 89,686 320,986 224,304 - 6,147 - 1,625,442 letters of credit
Garansi yang diterbitkan 2,924,325 1,139,806 141,824 279,503 165,552 713,138 - 5,364,148 Guarantees issued
16,147,389 1,247,153 577,810 512,778 165,552 719,958 - 19,370,640
2022
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja 6,621,488 - - 70,879 - 995 - 6,693,362 Working capital
Investasi 4,685,444 18,557 - - - - - 4,704,001 Investment
Konsumsi 7,941 4,773 - 6 - - - 12,720 Consumer
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 953,299 94,294 155,573 77,070 - 29,661 - 1,309,897 letters of credit
Garansi yang diterbitkan 2,494,332 1,094,820 138,555 264,927 217,315 622,925 - 4,832,874 Guarantees issued
14,762,504 1,212,444 294,128 412,882 217,315 653,581 - 17,552,854
Halaman – 5/225 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 875
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
b) Sektor industri b) Industry sectors
Tabel berikut ini menggambarkan rincian eksposur The following tables describes Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya) yang dikategorikan collateral held or other credit enhancements) as
berdasarkan sektor industri pada tanggal categorised by the industry sectors as at
31 Desember 2024, 2023, dan 2022: 31 December 2024, 2023, and 2022:
2024
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Giro pada Current account with
Bank Indonesia 9,990,709 - - - - 9,990,709 Bank Indonesia
Giro pada bank lain - 2,508,917 - - - 2,508,917 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 4,849,107 198,588 - - - 5,047,695 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 2,090,968 7,879 161,468 252,269 - 2,512,584 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 14,251,832 815,589 2,875,749 2,076,720 - 20,019,890 Fair value through other comprehensive income
Biaya perolehan diamortisasi - - 20,111 903,549 - 923,660 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 19,601,478 - - - - 19,601,478 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 36,329,156 - - - - 36,329,156 Fair value through other comprehensive income
Biaya perolehan diamortisasi 14,423,993 - - - - 14,423,993 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali - 1,612,832 - - - 1,612,832 resale agreement
Tagihan derivatif 66,928 349,985 39,009 538,507 190,461 1,184,890 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 536,253 2,056,722 8,186,359 75,206,137 11,078,694 97,064,165 Working capital
Investasi 33,259 1,063,601 1,158,379 50,983,552 864,371 54,103,162 Investment
Konsumsi - 17 2,500 27,780 76,805,371 76,835,668 Consumer
Tagihan akseptasi - 2,053,204 - 708,596 - 2,761,800 Acceptance receivables
Penyertaan - 1,000 23,214 - - 24,214 Investments
Pendapatan bunga yang masih akan diterima 1,073,879 70,456 28,263 1,432,129 422,984 3,027,711 Accrued interest income
Aset lain-lain - - - 2,503,186 - 2,503,186 Other assets
103,247,562 10,738,790 12,495,052 134,632,425 89,361,881 350,475,710
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (10,665,144) impairment losses
339,810,566
Halaman – 5/226 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 876
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
Tabel berikut ini menggambarkan rincian eksposur The following tables describes Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya) yang dikategorikan collateral held or other credit enhancements) as
berdasarkan sektor industri pada tanggal categorised by the industry sectors as at
31 Desember 2024, 2023, dan 2022: (lanjutan) 31 December 2024, 2023, and 2022: (continued)
2023
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Giro pada Current account with
Bank Indonesia 13,180,254 - - - - 13,180,254 Bank Indonesia
Giro pada bank lain - 2,703,266 - - - 2,703,266 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia - 4,541,702 - - - 4,541,702 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 57,262 130,262 517,797 695,920 - 1,401,241 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 224,570 650,322 4,057,886 2,014,383 - 6,947,161 Fair value through other comprehensive income
Biaya perolehan diamortisasi - - 24,186 1,030,505 - 1,054,691 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 16,418,263 - - - - 16,418,263 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 36,086,130 - - - - 36,086,130 Fair value through other comprehensive income
Biaya perolehan diamortisasi 18,092,114 - - - - 18,092,114 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 4,474,159 685,228 - - - 5,159,387 resale agreement
Tagihan derivatif - 298,442 40,710 357,486 152,376 849,014 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 13,188 1,942,096 6,551,065 71,401,088 10,501,146 90,408,583 Working capital
Investasi - 814,117 1,427,881 46,949,529 803,594 49,995,121 Investment
Konsumsi - 310 2,972 26,235 72,936,649 72,966,166 Consumer
Tagihan akseptasi - 887,545 - 214,546 - 1,102,091 Acceptance receivables
Penyertaan - 1,000 3,214 - - 4,214 Investments
Pendapatan bunga yang masih akan diterima 1,299,963 87,371 22,298 1,521,113 483,452 3,414,197 Accrued interest income
Aset lain-lain - - - 2,263,770 - 2,263,770 Other assets
89,845,903 12,741,661 12,648,009 126,474,575 84,877,217 326,587,365
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (12,534,049) impairment losses
314,053,316
Halaman – 5/227 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 877
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
Tabel berikut ini menggambarkan rincian eksposur The following tables describes Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya) yang dikategorikan collateral held or other credit enhancements) as
berdasarkan sektor industri pada tanggal categorised by the industry sectors as at
31 Desember 2024, 2023, dan 2022: (lanjutan) 31 December 2024, 2023, and 2022: (continued)
2022
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Giro pada Current account with
Bank Indonesia 8,985,257 - - - - 8,985,257 Bank Indonesia
Giro pada bank lain - 2,748,458 - - - 2,748,458 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 14,502,467 376,135 - - - 14,878,602 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi - - 69,578 33,610 - 103,188 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain - 593,287 2,711,243 944,043 - 4,248,573 Fair value through other comprehensive income
Biaya perolehan diamortisasi - 169,978 48,500 1,257,854 - 1,476,332 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 8,434,871 - - - - 8,434,871 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 30,441,303 - - - - 30,441,303 Fair value through other comprehensive income
Biaya perolehan diamortisasi 20,322,852 - - - - 20,322,852 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 510,307 - - - - 510,307 resale agreement
Tagihan derivatif 136,870 228,091 30,164 456,187 117,996 969,308 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja - 1,755,496 4,542,405 64,637,057 10,077,396 81,012,354 Working capital
Investasi - 304,416 1,173,262 44,698,875 713,624 46,890,177 Investment
Konsumsi - - - 250,240 68,458,243 68,708,483 Consumer
Tagihan akseptasi - - - 2,106,596 - 2,106,596 Acceptance receivables
Penyertaan - 1,000 3,214 - - 4,214 Investments
Pendapatan bunga yang masih akan diterima 860,983 54,163 20,434 1,476,447 511,741 2,923,768 Accrued interest income
Aset lain-lain - - - 5,217,288 - 5,217,288 Other assets
84,194,910 6,231,024 8,598,800 121,078,197 79,879,000 299,981,931
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,674,508) impairment losses
286,307,423
Halaman – 5/228 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 878
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
Eksposur risiko kredit yang terkait dengan unsur Credit risk exposure relating to the administrative
rekening administratif pada tanggal accounts items as at 31 December 2024, 2023
31 Desember 2024, 2023, dan 2022. and 2022.
2024
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja - 50,000 - 10,174,558 - 10,224,558 Working capital
Investasi - - 644,339 5,364,987 - 6,009,326 Investment
Konsumsi - - - - 708 708 Consumer
Irrevocable letters of credit Outstanding irrecovable
yang masih berjalan - - - 1,855,914 - 1,855,914 letters of credit
Garansi yang diterbitkan - - - 5,888,091 - 5,888,091 Guarantees issued
- 50,000 644,339 23,283,550 708 23,978,597
2023
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja - - 332,463 5,962,100 - 6,294,563 Working capital
Investasi - - 524,707 5,556,051 - 6,080,758 Investment
Konsumsi - - - - 5,729 5,729 Consumer
Irrevocable letters of credit Outstanding irrecovable
yang masih berjalan - - - 1,625,442 - 1,625,442 letters of credit
Garansi yang diterbitkan - - - 5,364,148 - 5,364,148 Guarantees issued
- - 857,170 18,507,741 5,729 19,370,640
2022
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja - - - 6,691,185 2,177 6,693,362 Working capital
Investasi - - 500,000 4,204,001 - 4,704,001 Investment
Konsumsi - - - - 12,720 12,720 Consumer
Irrevocable letters of credit Outstanding irrecovable
yang masih berjalan - - - 1,309,897 - 1,309,897 letters of credit
Garansi yang diterbitkan - - - 4,832,874 - 4,832,874 Guarantees issued
- - 500,000 17,037,957 14,897 17,552,854
Halaman – 5/229 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 879
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
c) Kualitas kredit dari aset keuangan c) Credit quality of financial assets
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023 and 2022, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: divided as follows:
2024
Tahap/ Tahap/ Tahap/ Jumlah/
Konvensional Stage 1 Stage 2 Stage 3 Total Conventional
Current accounts with
Giro pada Bank Indonesia 7,161,223 - - 7,161,223 Bank Indonesia
Giro pada bank lain 2,508,917 - - 2,508,917 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 3,047,403 - - 3,047,403 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 2,512,584 - - 2,512,584 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 20,019,890 - - 20,019,890 Fair value through other comprehensive income
Biaya perolehan diamortisasi 923,660 - - 923,660 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 19,601,478 - - 19,601,478 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 35,954,645 - - 35,954,645 Fair value through other comprehensive income
Biaya perolehan diamortisasi 12,573,218 - - 12,573,218 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,612,832 - - 1,612,832 resale agreements
Tagihan derivatif 1,184,890 - - 1,184,890 Derivative receivables
Kredit yang diberikan Loans
Modal kerja 71,318,427 7,669,392 5,158,814 84,146,633 Working capital
Investasi 33,208,933 3,527,847 1,608,571 38,345,351 Investment
Konsumsi 32,414,957 1,863,028 891,037 35,169,022 Consumer
Piutang pembiayaan konsumen 4,507,821 165,910 65,428 4,739,159 Consumer financing receivables
Tagihan akseptasi 2,376,917 194,650 9,167 2,580,734 Acceptance receivables
Penyertaan 22,990 - 1,224 24,214 Investments
Pendapatan bunga yang masih
akan diterima 1,529,475 1,025,052 - 2,554,527 Accrued interest income
Aset lain-lain 1,345,919 - - 1,345,919 Other assets
253,826,179 14,445,879 7,734,241 276,006,299
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,073,348) (1,025,817) (6,733,887) (8,833,052) impairment losses
Jumlah 252,752,831 13,420,062 1,000,354 267,173,247 Total
Halaman – 5/230 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 880
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023 and 2022, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: (lanjutan) divided as follows: (continued)
2024
Belum jatuh tempo
atau tidak Telah jatuh tempo
mengalami tetapi tidak
penurunan nilai/ mengalami
Neither past due penurunan nilai/ Mengalami
nor Past due but not penurunan nilai/ Jumlah/
impaired impaired Impaired Total
Syariah Sharia
Giro pada Bank Indonesia 2,829,486 - - 2,829,486 Current accounts with Bank Indonesia
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 2,000,292 - - 2,000,292 and Bank Indonesia
Obligasi Pemerintah Government bonds
Nilai wajar melalui penghasilan komprehensif lain 374,511 - - 374,511 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,850,775 - - 1,850,775 Amortised cost
Kredit yang diberikan Loans
Modal kerja 12,791,469 49,096 76,967 12,917,532 Working capital
Investasi 15,135,102 - 622,709 15,757,811 Investment
Konsumsi 30,823,193 - 790,394 31,613,587 Consumer
Piutang pembiayaan konsumen 5,313,900 - - 5,313,900 Consumer financing receivables
Tagihan akseptasi 181,066 - - 181,066 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 473,184 - - 473,184 Accrued interest income
Aset lain-lain 1,157,267 - - 1,157,267 Other assets
11,955,195 - - 11,955,195
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (101,283) impairment losses
Jumlah - bersih 11,853,912 Total - net
Total 350,475,710 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (8,934,335) impairment losses
341,541,375
Halaman – 5/231 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 881
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023 and 2022, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: (lanjutan) divided as follows: (continued)
2023
Tahap/ Tahap/ Tahap/ Jumlah/
Konvensional Stage 1 Stage 2 Stage 3 Total Conventional
Current accounts with
Giro pada Bank Indonesia 11,500,655 - - 11,500,655 Bank Indonesia
Giro pada bank lain 2,703,266 - - 2,703,266 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 2,682,182 - 8,711 2,690,893 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 1,401,241 - - 1,401,241 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 6,916,367 - - 6,916,367 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,004,707 - 49,984 1,054,691 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 16,418,263 - - 16,418,263 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 34,435,687 - - 34,435,687 Fair value through other comprehensive income
Biaya perolehan diamortisasi 14,848,091 - - 14,848,091 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 5,159,387 - - 5,159,387 resale agreements
Tagihan derivatif 849,014 - - 849,014 Derivative receivables
Kredit yang diberikan Loans
Modal kerja 67,243,156 7,540,310 6,131,823 80,915,289 Working capital
Investasi 27,101,900 3,949,718 2,889,126 33,940,744 Investment
Konsumsi 32,671,954 2,422,600 724,672 35,819,226 Consumer
Piutang pembiayaan konsumen 2,936,549 67,134 48,991 3,052,674 Consumer financing receivables
Tagihan akseptasi 1,012,049 52,770 9,842 1,074,661 Acceptance receivables
Penyertaan 3,489 200 525 4,214 Investments
Pendapatan bunga yang masih
akan diterima 1,643,945 1,279,526 - 2,923,471 Accrued interest income
Aset lain-lain 1,819,052 - 429,499 2,248,551 Other assets
232,350,954 15,312,258 10,293,173 257,956,385
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,168,487) (1,310,123) (8,404,021) (10,882,631) impairment losses
Jumlah 231,182,467 14,002,135 1,889,152 247,073,754 Total
Halaman – 5/232 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 882
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023 and 2022, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: (lanjutan) divided as follows: (continued)
2023
Belum jatuh tempo
atau tidak Telah jatuh tempo
mengalami tetapi tidak
penurunan nilai/ mengalami
Neither past due penurunan nilai/ Mengalami
nor Past due but not penurunan nilai/ Jumlah/
impaired impaired Impaired Total
Syariah Sharia
Current accounts with
Giro pada Bank Indonesia 1,679,599 - - 1,679,599 Bank Indonesia
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 1,850,809 - - 1,850,809 and Bank Indonesia
Efek-efek 30,794 - - 30,794 Marketable securities
Nilai wajar melalui penghasilan komprehensif lain 30,794 - - 30,794 Fair value through other comprehensive income
Obligasi Pemerintah 4,894,466 - - 4,894,466 Government bonds
Nilai wajar melalui penghasilan komprehensif lain 1,650,443 - - 1,650,443 Fair value through other comprehensive income
Biaya perolehan diamortisasi 3,244,023 - - 3,244,023 Amortised cost
Kredit yang diberikan 54,102,247 60 1,138,984 55,241,291 Loans
Modal kerja 9,481,958 60 11,276 9,493,294 Working capital
Investasi 15,460,868 - 593,509 16,054,377 Investment
Konsumsi 29,159,421 - 534,199 29,693,620 Consumer
Piutang pembiayaan konsumen 4,400,646 - - 4,400,646 Consumer financing receivables
Tagihan akseptasi 27,430 - - 27,430 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 490,726 - - 490,726 Accrued interest income
Aset lain-lain 15,219 - - 15,219 Other assets
67,491,936 60 1,138,984 68,630,980
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,651,418) impairment losses
Jumlah - bersih 66,979,562 Total - net
Total 326,587,365 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (12,534,049) impairment losses
314,053,316
Halaman – 5/233 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 883
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: (lanjutan) divided as follows: (continued)
2022
Tahap/ Tahap/ Tahap/ Jumlah/
Konvensional Stage 1 Stage 2 Stage 3 Total Conventional
Current accounts with
Giro pada Bank Indonesia 6,705,370 - - 6,705,370 Bank Indonesia
Giro pada bank lain 2,748,458 - - 2,748,458 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 8,868,211 - 8,808 8,877,019 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 103,188 - - 103,188 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 4,248,573 - - 4,248,573 Fair value through other comprehensive income
Biaya perolehan diamortisasi (4,316,793) 5,678,125 15,000 1,376,332 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 8,434,871 - - 8,434,871 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 27,069,785 - - 27,069,785 Fair value through other comprehensive income
Biaya perolehan diamortisasi 18,067,110 - - 18,067,110 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 510,307 - - 510,307 resale agreements
Tagihan derivatif 969,308 - - 969,308 Derivative receivables
Kredit yang diberikan 114,985,239 15,367,890 13,144,279 143,497,408 Loans
Modal kerja 54,898,749 9,589,542 8,928,034 73,416,325 Working capital
Investasi 25,367,546 3,383,845 3,187,182 31,938,573 Investment
Konsumsi 34,718,944 2,394,503 1,029,063 38,142,510 Consumer
Piutang pembiayaan konsumen 2,415,951 66,736 49,283 2,531,970 Consumer financing receivables
Tagihan akseptasi 1,602,394 356,056 9,573 1,968,023 Acceptance receivables
Penyertaan 3,489 200 525 4,214 Investments
Pendapatan bunga yang masih
akan diterima 915,537 1,553,108 - 2,468,645 Accrued interest income
Aset lain-lain 2,594,575 - 429,499 3,024,074 Other assets
195,925,573 23,022,115 13,656,967 232,604,655
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,041,969) (1,361,854) (10,021,361) (12,425,184) impairment losses
Jumlah 194,883,604 21,660,261 3,635,606 220,179,471 Total
Halaman – 5/234 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 884
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets are
atas: (lanjutan) divided as follows: (continued)
2022
Belum jatuh tempo
atau tidak Telah jatuh tempo
mengalami tetapi tidak
penurunan nilai/ mengalami
Neither past due penurunan nilai/ Mengalami
nor Past due but not penurunan nilai/ Jumlah/
impaired impaired Impaired Total
Syariah Sharia
Current accounts with
Giro pada Bank Indonesia 2,279,887 - - 2,279,887 Bank Indonesia
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 6,001,583 - - 6,001,583 and Bank Indonesia
Efek-efek 100,000 - - 100,000 Marketable securities
Nilai wajar melalui laba rugi - - - - Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain - - - - Fair value through other comprehensive income
Biaya perolehan diamortisasi 100,000 - - 100,000 Amortised cost
Obligasi Pemerintah 5,627,260 - - 5,627,260 Government bonds
Nilai wajar melalui laba rugi - - - - Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 3,371,518 - - 3,371,518 Fair value through other comprehensive income
Biaya perolehan diamortisasi 2,255,742 - - 2,255,742 Amortised cost
Kredit yang diberikan 46,486,915 284 707,583 47,194,782 Loans
Modal kerja 7,565,973 284 29,772 7,596,029 Working capital
Investasi 14,771,463 - 180,141 14,951,604 Investment
Konsumsi 24,149,479 - 497,670 24,647,149 Consumer
Piutang pembiayaan konsumen 3,386,854 - - 3,386,854 Consumer financing receivables
Tagihan akseptasi 138,573 - - 138,573 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 455,123 - - 455,123 Accrued interest income
Aset lain-lain 2,193,214 - - 2,193,214 Other assets
66,669,409 284 707,583 67,377,276
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,249,324) impairment losses
Jumlah - bersih 66,127,952 Total - net
Total 299,981,931 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,674,508) impairment losses
286,307,423
Halaman – 5/235 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 885
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit account of any collateral held and other credit
lainnya (lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur Concentration of risks of financial assets with credit
risiko kredit (lanjutan) risk exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Analisis umur kredit yang diberikan yang Aging analysis of loans that are “past due but not
“telah jatuh tempo tetapi tidak mengalami impaired” as at 31 December 2024, 2023 and
penurunan nilai” pada tanggal 31 Desember 2024, 2022 were set out belows:
2023, dan 2022 adalah:
2024
Modal kerja/ Investasi/ Konsumsi/
Working capital Investment Consumer Jumlah/Total
1 - 30 hari 5,717 5,432 1,065,416 1,076,565 1 - 30 days
31 - 60 hari 145,405 12,527 840,734 998,666 31 - 60 days
61 - 90 hari 91,097 9,125 752,811 853,033 61 - 90 days
242,219 27,084 2,658,961 2,928,264
2023
Modal kerja/ Investasi/ Konsumsi/
Working capital Investment Consumer Jumlah/Total
1 - 30 hari 12,375 1,228 1,112,170 1,125,773 1 - 30 days
31 - 60 hari 126,872 8,970 688,131 823,973 31 - 60 days
61 - 90 hari 79,025 4,875 668,416 752,316 61 - 90 days
218,272 15,073 2,468,717 2,702,062
2022
Modal kerja/ Investasi/ Konsumsi/
Working capital Investment Consumer Jumlah/Total
1 - 30 hari 6,782 4,908 1,103,949 1,115,639 1 - 30 days
31 - 60 hari 172,463 24,957 628,726 826,146 31 - 60 days
61 - 90 hari 212,311 9,261 630,149 851,721 61 - 90 days
391,556 39,126 2,362,824 2,793,506
Halaman – 5/236 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 886
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(v) Kredit yang diberikan (v) Loans
Ikhtisar kredit yang diberikan adalah: Loans are summarised as follows:
2024
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah 176,022,590 6,096,788 182,119,378 Rupiah
Mata uang asing 32,778,854 3,051,704 35,830,558 Foreign currencies
Jumlah 208,801,444 9,148,492 217,949,936 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (10,451,126) impairment losses
207,498,810
2023
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah 169,077,380 7,546,120 176,623,500 Rupiah
Mata uang asing 25,954,565 3,338,485 29,293,050 Foreign currencies
Jumlah 195,031,945 10,884,605 205,916,550 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) impairment losses
194,010,843
2022
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah 156,465,651 9,549,505 166,015,156 Rupiah
Mata uang asing 20,374,677 4,302,357 24,677,034 Foreign currencies
Jumlah 176,840,328 13,851,862 190,692,190 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,086,850) impairment losses
177,605,340
Halaman – 5/237 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 887
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vi) Penempatan pada bank lain dan Bank Indonesia (vi) Placement with other banks and Bank Indonesia
2024
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Fasilitas Simpanan Bank Indonesia Deposit facility of Bank Indonesia
(FASBI) 2,000,292 - 2,000,292 (FASBI)
Deposito berjangka 300 - 300 Time deposit
Jumlah Rupiah 2,000,592 - 2,000,592 Total Rupiah
Mata uang asing: Foreign currencies:
Deposito berjangka 2,848,815 - 2,848,815 Time deposits
Call money 198,288 - 198,288 Call money
Jumlah mata uang asing 3,047,103 - 3,047,103 Total foreign currencies
Jumlah 5,047,695 - 5,047,695 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - - - impairment losses
5,047,695 - 5,047,695
Halaman – 5/238 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 888
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vi) Penempatan pada bank lain dan Bank Indonesia (vi) Placement with other banks and Bank Indonesia
(lanjutan) (continued)
2022
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Fasilitas Simpanan Bank Indonesia Deposit facility of Bank Indonesia
(FASBI) 9,801,082 - 9,801,082 (FASBI)
Jumlah Rupiah 9,801,082 - 9,801,082 Total Rupiah
Mata uang asing: Foreign currencies:
Deposito berjangka 4,701,385 - 4,701,385 Time deposits
Call money - 8,808 8,808 Call money
Jumlah mata uang asing 4,701,385 8,808 4,710,193 Total foreign currencies
Jumlah 14,502,467 8,808 14,511,275 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - (8,808) (8,808) impairment losses
14,502,467 - 14,502,467
(vii) Efek-efek (vii) Marketable securities
2024
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Sekuritas Rupiah Bank Indonesia 16,342,800 - 16,342,800 Sekuritas Rupiah Bank Indonesia
Obligasi 5,722,983 - 5,722,983 Bonds
Tagihan wesel ekspor 99,692 - 99,692 Bill receivables
Jumlah Rupiah 22,165,475 - 22,165,475 Total Rupiah
Mata uang asing: Foreign currencies:
Obligasi 1,185,643 - 1,185,643 Bonds
Tagihan wesel ekspor 105,016 - 105,016 Bill receivables
Jumlah mata uang asing 1,290,659 - 1,290,659 Total foreign currencies
Jumlah 23,456,134 - 23,456,134 Total
Pemulihan/(penambahan) Cadangan Reversal/(addition) Allowance for
kerugian penurunan nilai (840) - (840) impairment losses
23,455,294 - 23,455,294
Halaman – 5/239 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 889
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
2023
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Sekuritas Rupiah Bank Indonesia 251,038 - 251,038 Sekuritas Rupiah Bank Indonesia
Obligasi 7,640,007 34,984 7,674,991 Bonds
Wesel Jangka Menengah - 15,000 15,000 Medium term notes
Tagihan wesel ekspor 131,063 - 131,063 Bill receivables
Jumlah Rupiah 8,022,108 49,984 8,072,092 Total Rupiah
Mata uang asing: Foreign currencies:
Sukuk Bank Indonesia 30,794 - 30,794 Sukuk Bank Indonesia
Obligasi 1,014,287 - 1,014,287 Bonds
Tagihan wesel ekspor 285,920 - 285,920 Bill receivables
Jumlah mata uang asing 1,331,001 - 1,331,001 Total foreign currencies
Jumlah 9,353,109 49,984 9,403,093 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (2,865) (36,295) (39,160) impairment losses
9,350,244 13,689 9,363,933
2022
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Obligasi 5,562,479 - 5,562,479 Bonds
Wesel Jangka Menengah - 15,000 15,000 Medium term notes
Tagihan wesel ekspor 49,059 - 49,059 Bill receivables
Jumlah Rupiah 5,611,538 15,000 5,626,538 Total Rupiah
Mata uang asing: Foreign currencies:
Obligasi 84,618 - 84,618 Bonds
Tagihan wesel ekspor 116,937 - 116,937 Bill receivables
Jumlah mata uang asing 201,555 - 201,555 Total foreign currencies
Jumlah 5,813,093 15,000 5,828,093 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3,428) (15,000) (18,428) impairment losses
5,809,665 - 5,809,665
Halaman – 5/240 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 890
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2024, 2023, dan 2022: designation at 31 December 2024, 2023 and 2022:
2024
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah Rupiah
Biaya perolehan diamortisasi Amortised cost
PT Merdeka Battery Materials Tbk PEFINDO idA 149,791 PT Merdeka Battery Materials Tbk
PT Indah Kiat Pulp and Paper Tbk PEFINDO idA+ 144,871 PT Indah Kiat Pulp and Paper Tbk
PT Polytama Propindo PEFINDO idAAA 110,250 PT Polytama Propindo
PT Samudera Indonesia Tbk PEFINDO idA+ 99,969 PT Samudera Indonesia Tbk
PT Chandra Asri Petrochemical Tbk PEFINDO idAA- 90,000 PT Chandra Asri Petrochemical Tbk
PT Telekomunikasi Indonesia (Persero) Tbk PEFINDO idAAA 58,000 PT Telekomunikasi Indonesia (Persero) Tbk
PT Petrosea Tbk PEFINDO idA+ 45,961 PT Petrosea Tbk
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 20,111 Lembaga Pembiayaan Ekspor Indonesia
718,953
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
PT Sarana Multigriya Finansial (Persero) PEFINDO idAAA 946,853 PT Sarana Multigriya Finansial (Persero)
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 473,288 PT Sarana Multi Infrastruktur (Persero)
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 462,893 PT Adira Dinamika Multi Finance Tbk
PT Tower Bersama Infrastructure Tbk FITCH AA+ 368,118 PT Tower Bersama Infrastructure Tbk
PT Indosat Tbk FITCH AA+ 277,947 PT Indosat Tbk
PT Federal International Finance FITCH AAA 258,480 PT Federal International Finance
PT Bank Rakyat Indonesia (Persero) Tbk PEFINDO idAAA 246,373 PT Bank Rakyat Indonesia (Persero) Tbk
PT Mandiri Tunas Finance PEFINDO idAAA 227,006 PT Mandiri Tunas Finance
PT Bussan Auto Finance FITCH AAA 198,774 PT Bussan Auto Finance
PT Wahana Ottomitra Multiartha Tbk FITCH AA 193,926 PT Wahana Ottomitra Multiartha Tbk
PT Astra Sedaya Finance FITCH AAA 161,963 PT Astra Sedaya Finance
PT Permodalan Nasional Madani PEFINDO idAA+ 140,633 PT Permodalan Nasional Madani
PT Maybank Indonesia Finance FITCH AAA 86,368 PT Maybank Indonesia Finance
PT Bank Syariah Indonesia Tbk PEFINDO idAAA 82,348 PT Bank Syariah Indonesia Tbk
PT Toyota Astra Financial Services FITCH AAA 80,400 PT Toyota Astra Financial Services
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 75,603 PT Perusahaan Listrik Negara (Persero)
PT Hino Finance Indonesia FITCH AA+ 74,347 PT Hino Finance Indonesia
PT Profesional Telekomunikasi Indonesia FITCH AAA 74,319 PT Profesional Telekomunikasi Indonesia
PT Kereta Api Indonesia (Persero) PEFINDO idAAA 50,426 PT Kereta Api Indonesia (Persero)
PT Bank Mandiri (Persero) Tbk PEFINDO idAAA 48,580 PT Bank Mandiri (Persero) Tbk
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 36,241 Lembaga Pembiayaan Ekspor Indonesia
PT Telekomunikasi Indonesia (Persero) Tbk PEFINDO idAAA 21,320 PT Telekomunikasi Indonesia (Persero) Tbk
PT Semen Indonesia (Persero) Tbk PEFINDO idAAA 20,514 PT Semen Indonesia (Persero) Tbk
PT Pegadaian (Persero) PEFINDO idAAA 7,865 PT Pegadaian (Persero)
4,614,585
Halaman – 5/241 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 891
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2024, 2023, dan 2022: (lanjutan) designation at 31 Desember 2024, 2023 and 2022:
(continued)
2024
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah (lanjutan) Rupiah (continued)
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Merdeka Copper Gold Tbk PEFINDO idA+ 79,983 PT Merdeka Copper Gold Tbk
PT Mandiri Tunas Finance PEFINDO idAAA 49,424 PT Mandiri Tunas Finance
PT Kereta Api Indonesia (Persero) PEFINDO idAAA 37,945 PT Kereta Api Indonesia (Persero)
PT Bussan Auto Finance FITCH AAA 34,743 PT Bussan Auto Finance
PT Indosat Tbk PEFINDO idAAA 33,051 PT Indosat Tbk
PT Federal International Finance PEFINDO idAAA 30,814 PT Federal International Finance
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 29,890 PT Adira Dinamika Multi Finance Tbk
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 29,779 PT Sarana Multi Infrastruktur (Persero)
PT Indah Kiat Pulp and Paper Tbk PEFINDO idA+ 23,259 PT Indah Kiat Pulp and Paper Tbk
PT Tower Bersama Infrastructure Tbk FITCH AA+ 14,989 PT Tower Bersama Infrastructure Tbk
PT Toyota Astra Financial Services FITCH AAA 14,301 PT Toyota Astra Financial Services
PT Bank Rakyat Indonesia (Persero) Tbk PEFINDO idAAA 4,327 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Pan Indonesia Tbk PEFINDO idAA 2,319 PT Bank Pan Indonesia Tbk
PT Astra Sedaya Finance FITCH AAA 2,096 PT Astra Sedaya Finance
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 1,927 PT Perusahaan Listrik Negara (Persero)
PT Bank Negara Indonesia (Persero) Tbk PEFINDO idAAA 398 PT Bank Negara Indonesia (Persero) Tbk
PT Pegadaian (Persero) PEFINDO idAAA 199 PT Pegadaian (Persero)
389,444
Jumlah Rupiah 5,722,982 Total Rupiah
Dollar Amerika Serikat United States Dollar
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
PT Perusahaan Listrik Negara (Persero) MOODYS Baa2 552,235 PT Perusahaan Listrik Negara (Persero)
PT Bank Negara Indonesia (Persero) Tbk S&P BBB 272,625 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk MOODYS Baa2 165,662 PT Bank Mandiri (Persero) Tbk
PT Pertamina (Persero) MOODYS Baa2 114,980 PT Pertamina (Persero)
PT Pertamina Geothermal Energy Tbk MOODYS Baa3 47,970 PT Pertamina Geothermal Energy Tbk
1,153,472
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Pertamina (Persero) MOODYS Baa2 16,770 PT Pertamina (Persero)
PT Perusahaan Listrik Negara (Persero) MOODYS Baa2 14,566 PT Perusahaan Listrik Negara (Persero)
PT Bank Mandiri (Persero) Tbk MOODYS Baa2 835 PT Bank Mandiri (Persero) Tbk
32,171
Jumlah Dollar Amerika Serikat 1,185,643 Total United States Dollar
Halaman – 5/242 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 892
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal dan 31 Desember 2024, 2023 dan 2022: designation at 31 Desember 2024, 2023 and 2022:
(lanjutan) (continued)
Halaman – 5/243 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 893
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2024, 2023, dan 2022: (lanjutan) designation at 31 December 2024, 2023, and 2022:
(continued)
2023
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah (lanjutan) Rupiah (continued)
Nilai wajar melalui laba rugi Fair value through profit or loss
PT T ower Bersama Infrastructure T bk FIT CH AA+ 225,692 PT Tower Bersama Infrastructure Tbk
PT Pupuk Indonesia (Persero) FIT CH AAA 141,021 PT Pupuk Indonesia (Persero)
PT Adira Dinamika Multi Finance T bk PEFINDO idAAA 127,233 PT Adira Dinamika Multi Finance Tbk
PT Pegadaian (Persero) PEFINDO idAAA 89,716 PT Pegadaian (Persero)
PT Bank Rakyat Indonesia (Persero) T bk PEFINDO idAAA 74,945 PT Bank Rakyat Indonesia (Persero) Tbk
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 73,312 PT Sarana Multi Infrastruktur (Persero)
PT Merdeka Copper Gold T bk PEFINDO idA+ 65,815 PT Merdeka Copper Gold Tbk
PT Chandra Asri Petrochemical T bk FIT CH AA- 63,059 PT Chandra Asri Petrochemical Tbk
PT Maybank Indonesia Finance FIT CH AAA 62,196 PT Maybank Indonesia Finance
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 54,035 Lembaga Pembiayaan Ekspor Indonesia
PT Mandiri T unas Finance PEFINDO idAAA 53,610 PT Mandiri Tunas Finance
PT Indosat T bk FIT CH AAA 35,708 PT Indosat Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 32,943 PT Perusahaan Listrik Negara (Persero)
PT T oyota Astra Financial Services FIT CH AAA 29,045 PT Toyota Astra Financial Services
PT Astra Sedaya Finance FIT CH AAA 28,647 PT Astra Sedaya Finance
PT Mora T elematika Indonesia T bk PEFINDO idA+ 26,762 PT Mora Telematika Indonesia Tbk
PT Bank BT PN T bk FIT CH AAA 20,143 PT Bank BTPN Tbk
PT Indonesia Infrastructure Finance PEFINDO idAAA 20,022 PT Indonesia Infrastructure Finance
PT Hino Finance Indonesia FIT CH AAA 19,854 PT Hino Finance Indonesia
PT Wahana Ottomitra Multiartha T bk FIT CH AA 10,025 PT Wahana Ottomitra Multiartha Tbk
PT Bussan Auto Finance FIT CH AAA 9,990 PT Bussan Auto Finance
PT Permodalan Nasional Madani PEFINDO idAA 9,383 PT Permodalan Nasional Madani
PT Profesional T elekomunikasi Indonesia FIT CH AAA 4,954 PT Profesional Telekomunikasi Indonesia
PT Federal International Finance FIT CH AAA 4,041 PT Federal International Finance
PT Bank Mandiri (Persero) T bk PEFINDO idAAA 2,786 PT Bank Mandiri (Persero) Tbk
PT Semen Indonesia (Persero) T bk PEFINDO idAA+ 2,691 PT Semen Indonesia (Persero) Tbk
PT Medco Energi Internasional T bk PEFINDO idAA- 50 PT Medco Energi Internasional Tbk
PT Indah Kiat Pulp and Paper T bk PEFINDO idA+ 20 PT Indah Kiat Pulp and Paper Tbk
PT Kereta Api Indonesia (Persero) PEFINDO idAAA 5 PT Kereta Api Indonesia (Persero)
1,287,703
Jumlah Rupiah 7,645,325 Total Rupiah
Dollar Amerika Serikat United States Dollar
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
PT Perusahaan Listrik Negara (Persero) MOODYS Baa2 493,414 PT Perusahaan Listrik Negara (Persero)
PT Bank Rakyat Indonesia (Persero) T bk MOODYS Baa2 135,564 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) T bk MOODYS Baa2 133,246 Lembaga Pembiayaan Ekspor Indonesia
PT Pertamina (Persero) MOODYS Baa2 106,562 PT Pertamina (Persero)
PT Pertamina Geothermal Energy T bk MOODYS Baa3 46,397 PT Pertamina Geothermal Energy Tbk
Lembaga Pembiayaan Ekspor Indonesia MOODYS Baa2 42,828 Lembaga Pembiayaan Ekspor Indonesia
958,011
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Bank Mandiri (Persero) T bk PEFINDO idAAA 32,387 PT Bank Mandiri (Persero) Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 17,837 PT Perusahaan Listrik Negara (Persero)
PT Pertamina (Persero) MOODYS Baa2 6,052 PT Pertamina (Persero)
56,276
Jumlah Dollar Amerika Serikat 1,014,287 Total United States Dollar
Halaman – 5/244 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 894
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2024, 2023, dan 2022: designation at 31 December 2024, 2023, and 2022:
(lanjutan) (continued)
2022
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah Rupiah
Biaya perolehan diamortisasi Amortised cost
PT Polytama Propindo PEFINDO idAAA 223,636 PT Polytama Propindo
PT Ultrajaya Milk Industry Tbk PEFINDO idAA 203,926 PT Ultrajaya Milk Industry Tbk
PT Bank Rakyat Indonesia (Persero) Tbk PEFINDO idAAA 170,364 PT Bank Rakyat Indonesia (Persero) Tbk
PT Medco Energi Internasional Tbk PEFINDO idA 152,324 PT Medco Energi Internasional Tbk
PT Sinar Mas Resources and Technology Tbk PEFINDO idAA- 101,601 PT Sinar Mas Resources and Technology Tbk
PT Eatwell Culinary Indonesia PEFINDO idA 100,000 PT Eatwell Culinary Indonesia
PT Chandra Asri Petrochemical Tbk PEFINDO idAA- 88,536 PT Chandra Asri Petrochemical Tbk
PT Tower Bersama Infrastructure Tbk FITCH AA+ 76,073 PT Tower Bersama Infrastructure Tbk
PT Telekomunikasi Indonesia (Persero) Tbk PEFINDO idAAA 62,930 PT Telekomunikasi Indonesia (Persero) Tbk
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 42,854 Lembaga Pembiayaan Ekspor Indonesia
PT Tunas Baru Lampung Tbk FITCH BBB+ 34,685 PT Tunas Baru Lampung Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 28,866 PT Perusahaan Listrik Negara (Persero)
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 20,771 PT Sarana Multi Infrastruktur (Persero)
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 7,225 PT Adira Dinamika Multi Finance Tbk
1,313,791
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 638,147 Lembaga Pembiayaan Ekspor Indonesia
PT Sarana Multigriya Finansial (Persero) PEFINDO idAAA 515,349 PT Sarana Multigriya Finansial (Persero)
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 395,658 PT Adira Dinamika Multi Finance Tbk
PT Bank Maybank Indonesia Tbk PEFINDO idAAA 351,428 PT Bank Maybank Indonesia Tbk
PT Astra Sedaya Finance FITCH AAA 287,574 PT Astra Sedaya Finance
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 276,894 PT Sarana Multi Infrastruktur (Persero)
PT Bussan Auto Finance FITCH AAA 250,967 PT Bussan Auto Finance
PT Pegadaian (Persero) PEFINDO idAAA 221,374 PT Pegadaian (Persero)
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 182,718 PT Perusahaan Listrik Negara (Persero)
PT Bank Tabungan Negara (Persero) Tbk FITCH AA 181,684 PT Bank Tabungan Negara (Persero) Tbk
PT Chandra Asri Petrochemical Tbk PEFINDO idAA- 172,263 PT Chandra Asri Petrochemical Tbk
PT Federal International Finance FITCH AAA 118,075 PT Federal International Finance
PT Maybank Indonesia Finance FITCH AAA 115,907 PT Maybank Indonesia Finance
PT Permodalan Nasional Madani PEFINDO idAA 105,197 PT Permodalan Nasional Madani
PT Ultrajaya Milk Industry Tbk PEFINDO idAA 101,963 PT Ultrajaya Milk Industry Tbk
PT Tower Bersama Infrastructure Tbk FITCH AA+ 79,765 PT Tower Bersama Infrastructure Tbk
PT Bank Pan Indonesia Tbk PEFINDO idAA 60,175 PT Bank Pan Indonesia Tbk
PT Mandiri Tunas Finance PEFINDO idAAA 58,950 PT Mandiri Tunas Finance
PT Indosat Tbk FITCH AA 53,287 PT Indosat Tbk
PT Toyota Astra Financial Services FITCH AAA 4,045 PT Toyota Astra Financial Services
4,171,420
Halaman – 5/245 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 895
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2024, 2023, dan 2022: (lanjutan) designation at 31 December 2024, 2023, and 2022:
(continued)
2022
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah (lanjutan) Rupiah (continued)
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Astra Sedaya Finance PEFINDO idAAA 1,981 PT Astra Sedaya Finance
PT Indosat Tbk PEFINDO idAAA 101 PT Indosat Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 4,616 PT Perusahaan Listrik Negara (Persero)
PT Sarana Multigriya Finansial (Persero) PEFINDO idAAA 14,966 PT Sarana Multigriya Finansial (Persero)
PT Tower Bersama Infrastructure Tbk FITCH AA+ 14,132 PT Tower Bersama Infrastructure Tbk
PT Maybank Indonesia Finance FITCH AAA 50 PT Maybank Indonesia Finance
PT Mandiri Tunas Finance PEFINDO idAAA 623 PT Mandiri Tunas Finance
PT Bussan Auto Finance FITCH AAA 15,423 PT Bussan Auto Finance
PT Indomobil Finance Indonesia PEFINDO idA+ 301 PT Indomobil Finance Indonesia
PT Permodalan Nasional Madani PEFINDO idAAA 36,020 PT Permodalan Nasional Madani
PT Jakarta Lingkar Barat Satu PEFINDO idAA- 103 PT Jakarta Lingkar Barat Satu
PT Merdeka Copper Gold Tbk PEFINDO idA+ 26 PT Merdeka Copper Gold Tbk
PT Semen Indonesia (Persero) Tbk PEFINDO idAA+ 2,126 PT Semen Indonesia (Persero) Tbk
PT Indah Kiat Pulp and Paper Tbk PEFINDO idA+ 5,041 PT Indah Kiat Pulp and Paper Tbk
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 214 Lembaga Pembiayaan Ekspor Indonesia
95,723
Jumlah Rupiah 5,580,934 Total Rupiah
Dollar Amerika Serikat United States Dollar
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
PT Pertamina (Persero) MOODYS Baa2 77,153 PT Pertamina (Persero)
77,153
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Perusahaan Listrik Negara (Persero) MOODYS Baa2 4,284 PT Perusahaan Listrik Negara (Persero)
PT Pertamina (Persero) MOODYS Baa2 3,181 PT Pertamina (Persero)
7,465
Jumlah Dollar Amerika Serikat 84,618 Total United States Dollar
Halaman – 5/246 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 896
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA 53. INTEREST RATE RISK
Risiko tingkat suku bunga terjadi dari bermacam-macam Interest rate risk arises from various banking products
layanan perbankan kepada nasabah meliputi provided to customers including deposit taking (demand
penghimpunan dana (antara lain giro, tabungan, dan deposits, saving deposits, and time deposits), lending
deposito), penempatan dana (antara lain kredit yang (loans), commitments and contingencies, and other
diberikan), komitmen dan kontinjensi, serta instrumen lain earning instruments.
yang mengandung suku bunga.
Asset Liability Committee (“ALCO”) Bank CIMB Niaga Bank CIMB Niaga’s Asset Liability Committee (“ALCO”),
yang beranggotakan Dewan Direksi dan beberapa which consists of the Board of Directors and selected
anggota manajemen senior, bertanggung jawab dalam members of senior management, is responsible for
menetapkan kebijakan dan strategi pengelolaan risiko determining interest rate risk management policy and
tingkat suku bunga di banking book serta mengawasi strategies in banking book and monitoring its
penerapan dan pelaksanaannya. Tujuan utama ALCO implementation and execution. The main objective of
adalah mengoptimalkan hasil usaha Bank CIMB Niaga ALCO is to optimise Bank CIMB Niaga’s return within
dengan tetap memperhatikan batasan-batasan risiko predetermined risk limits.
yang ditetapkan.
Selain itu, risiko tingkat bunga dapat pula terjadi dari In addition, interest rate risk could also arise from treasury
produk-produk tresuri seperti surat berharga dan products like marketable securities and derivative
transaksi-transaksi derivatif yang terdapat pada portofolio transactions included in trading book portfolio. Besides
trading book. Selain menggunakan pendekatan faktor using sensitivity factor approach (“DV01”), the
sensitivitas (“DV01”), pengukuran risiko tingkat suku measurement of interest rate risk in trading book, has also
bunga pada trading book juga telah dilakukan dengan using more sensitive measurement method on market risk,
menggunakan metode pengukuran risiko pasar yang that is VaR (Value at Risk).
lebih risk sensitive yaitu VaR (“Value at Risk”).
Market Risk Committee (“MRC”) secara berkala mengkaji The Market Risk Committee (“MRC”) continuously do test
ulang tingkat risiko pada portofolio tresuri dan for risk in treasury portfolio and determined the policy,
menetapkan kebijakan, batasan-batasan perdagangan trading limits that can be accepted and interest rate risk
yang dapat diterima serta strategi manajemen risiko management strategy on trading book based on
tingkat bunga pada trading book berdasarkan prinsip prudentiality principle.
kehati-hatian.
2024 2023 2022
Mata uang Mata uang Mata uang
asing/ asing/ asing/
Foreign Foreign Foreign
Rupiah currencies Rupiah currencies Rupiah currencies
(%) (%) (%) (%) (%) (%)
ASET ASSETS
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 5.25 4.53 5.25 5.32 4.75 2.13 and Bank Indonesia
Efek-efek 7.20 4.25 6.73 3.93 7.20 4.20 Marketable securities
Obligasi Pemerintah 6.92 4.06 7.06 3.83 7.13 3.72 Government bonds
Kredit yang diberikan 8.32 6.22 8.34 5.58 7.89 4.29 Loans
Piutang pembiayaan konsumen 16.72 - 17.01 - 17.30 - Consumer financing receivables
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
Giro 3.17 1.71 2.39 0.98 1.78 0.22 Demand deposits
Tabungan 3.01 1.16 2.22 0.95 1.52 0.31 Saving deposits
Deposito 5.83 3.26 5.13 2.60 3.26 0.87 Time deposits
Simpanan dari bank lain 5.02 0.44 2.61 - 3.01 - Deposits from other banks
Efek-efek yang diterbitkan 7.02 - 7.23 - 7.72 - Marketable securities issued
Pinjaman yang diterima 6.50 4.56 6.38 5.67 7.07 - Borrowings
Pinjaman subordinasi 10.00 - 8.98 - 9.26 - Subordinated loans
Halaman – 5/247 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 897
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA (lanjutan) 53. INTEREST RATE RISK (continued)
a. Eksposur Bank CIMB Niaga dan Entitas Anak a. Bank CIMB Niaga and Subsidiaries’ exposure to
terhadap risiko tingkat suku bunga interest rate risk
Tabel di bawah ini mengikhtisarkan aset dan liabilitas The following table summarises the Bank interest
keuangan berbunga Bank pada nilai tercatat, yang earning financial assets and interest bearing financial
dikategorikan menurut mana yang terlebih dahulu liabilities at carrying amounts which are categorised by
antara tanggal repricing secara kontraktual the earlier of contractual repricing date or maturity
(contractual repricing) atau tanggal jatuh tempo: dates:
2024
Bunga mengambang/Floating rate Bunga tetap/Fixed rate
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 bulan 3 bulan 1 tahun
tetapi tidak tetapi tidak tetapi tidak tetapi tidak tetapi tidak
1 bulan lebih dari lebih dari 1 bulan lebih dari lebih dari lebih dari
atau kurang/ 3 bulan/ 1 tahun/ Lebih dari atau kurang/ 3 bulan/ 1 tahun/ 2 tahun/ Lebih dari
1 month Over 1 month Over 3 months 1 tahun/ 1 month Over 1 month Over 3 months Over 1 year 2 tahun/ Jumlah/
or Less to 3 months to 1 year Over 1 year or Less to 3 months to 1 year to 2 years Over 2 years Total
ASET ASSETS
Giro pada Current accounts with
Bank Indonesia 9,990,709 - - - - - - - - 9,990,709 Bank Indonesia
Giro pada bank lain 2,508,917 - - - - - - - - 2,508,917 Current accounts with other banks
Penempatan pada Placement with
bank lain dan other banks and
Bank Indonesia - - - - 5,047,395 300 - - - 5,047,695 Bank Indonesia
Efek-efek - - - - 702,568 3,331,834 14,408,450 1,789,108 3,224,174 23,456,134 Marketable securities
Obligasi Pemerintah - - - - 178,767 253,750 10,193,516 9,711,919 50,016,675 70,354,627 Government Bonds
Efek-efek yang dibeli dengan janji . Securities purchased under
dijual kembali - - - - 326,049 - 1,286,783 - - 1,612,832 resale agreements
Kredit yang diberikan 158,083 5,192,603 22,097,409 76,890,677 1,605,687 1,785,481 16,622,366 9,981,477 83,616,153 217,949,936 Loans
Piutang pembiayaan Consumer financing
konsumen - - - - 43,690 890,934 2,391,932 2,735,359 3,991,144 10,053,059 receivables
Jumlah aset keuangan 12,657,709 5,192,603 22,097,409 76,890,677 7,904,156 6,262,299 44,903,047 24,217,863 140,848,146 340,973,909 Total financial assets
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
Giro 91,788,134 - - - - - - - - 91,788,134 Demand deposits
Tabungan 60,738,890 2,518,849 1,132,060 277,672 3,140,598 7,314,148 4,562,795 225,939 368,120 80,279,071 Saving deposits
Deposito 13,321,836 13,150,921 4,908,536 17,369,072 23,697,548 11,020,826 5,004,341 98,742 - 88,571,822 Time deposits
Simpanan dari bank lain - Deposits from other banks
Giro dan tabungan 3,128,574 - - - - - - - - 3,128,574 Demand and saving deposits
Interbank call money and Inter-bank call money and
deposito berjangka 2,175 131,170 2,599 3,263 2,399,885 106,853 82,278 102,671 - 2,830,894 time deposits
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali - - - - 11,288,963 - - - - 11,288,963 repurchase agreement
Efek-efek yang diterbitkan - - - - - 391,000 708,062 299,181 289,209 1,687,452 Marketable securities issued
Pinjaman yang diterima - - - - 5,466,898 112,467 1,354,491 624,920 929,159 8,487,935 Borrowings
Pinjaman subordinasi - - - - - - - - 74,514 74,514 Subordinated loans
Jumlah liabilitas keuangan 168,979,609 15,800,940 6,043,195 17,650,007 45,993,892 18,945,294 11,711,967 1,351,453 1,661,002 288,137,359 Total financial liabilities
Sub Jumlah (156,321,900) (10,608,337) 16,054,214 59,240,670 (38,089,736) (12,682,995) 33,191,080 22,866,410 139,187,144 52,836,550 Sub Total
Tagihan derivatif 14,479,317 24,320,727 13,413,938 47,557,761 - - - - - 99,771,743 Derivative receivables
Liabilitas derivatif 14,436,856 24,427,546 6,233,757 20,633,203 - - - - - 65,731,362 Derivative payables
Jumlah gap repricing Total interest
suku bunga (156,279,439) (10,715,156) 23,234,395 86,165,228 (38,089,736) (12,682,995) 33,191,080 22,866,410 139,187,144 86,876,931 repricing gap
2023
Bunga mengambang/Floating rate Bunga tetap/Fixed rate
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 bulan 3 bulan 1 tahun
tetapi tidak tetapi tidak tetapi tidak tetapi tidak tetapi tidak
1 bulan lebih dari lebih dari 1 bulan lebih dari lebih dari lebih dari
atau kurang/ 3 bulan/ 1 tahun/ Lebih dari atau kurang/ 3 bulan/ 1 tahun/ 2 tahun/ Lebih dari
1 month Over 1 month Over 3 months 1 tahun/ 1 month Over 1 month Over 3 months Over 1 year 2 tahun/ Jumlah/
or Less to 3 months to 1 year Over 1 year or Less to 3 months to 1 year to 2 years Over 2 years Total
ASET ASSETS
Giro pada Current accounts with
Bank Indonesia 13,180,254 - - - - - - - - 13,180,254 Bank Indonesia
Giro pada bank lain 2,703,266 - - - - - - - - 2,703,266 Current accounts with other banks
Penempatan pada Placement with
bank lain dan other banks and
Bank Indonesia - - - - 4,541,702 - - - - 4,541,702 Bank Indonesia
Efek-efek - - - - 166,003 945,809 3,153,399 1,620,514 3,517,368 9,403,093 Marketable securities
Obligasi Pemerintah - - - - 107,889 7,539,832 7,403,834 12,763,329 42,781,623 70,596,507 Government Bonds
Efek-efek yang dibeli dengan janji . Securities purchased under
dijual kembali - - - - 1,902,370 288,694 2,475,649 492,674 - 5,159,387 resale agreements
Kredit yang diberikan 192,561 5,283,426 25,943,446 66,425,794 115,970 1,338,416 14,619,715 11,223,966 80,773,256 205,916,550 Loans
Piutang pembiayaan Consumer financing
konsumen - - - - 27,726 610,895 1,716,779 2,000,677 3,097,243 7,453,320 receivables
Jumlah aset keuangan 16,076,081 5,283,426 25,943,446 66,425,794 6,861,660 10,723,646 29,369,376 28,101,160 130,169,490 318,954,079 Total financial assets
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
Giro 73,201,803 - - - - - - - - 73,201,803 Demand deposits
Tabungan 58,744,545 2,773,436 1,622,862 359,950 2,280,537 5,929,763 5,010,163 301,683 407,885 77,430,824 Saving deposits
Deposito 12,086,585 7,275,536 4,167,451 17,956,417 25,580,675 11,980,677 6,076,209 105,493 - 85,229,043 Time deposits
Simpanan dari bank lain - Deposits from other banks
Giro dan tabungan 1,505,795 - - - - - - - - 1,505,795 Demand and saving deposits
Interbank call money and Inter-bank call money and
deposito berjangka 106,300 5,451 1,675 4,356 5,635 22,098 3,179 105,958 - 254,652 time deposits
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali - - - - 20,424,800 2,026 - - - 20,426,826 repurchase agreement
Efek-efek yang diterbitkan - - - - - 698,058 909,476 391,000 299,168 2,297,702 Marketable securities issued
Pinjaman yang diterima - - - - 769,463 2,621,755 731,063 1,490,457 675,787 6,288,525 Borrowings
Pinjaman subordinasi - - - - - - - - 155,619 155,619 Subordinated loans
Jumlah liabilitas keuangan 145,645,028 10,054,423 5,791,988 18,320,723 49,061,110 21,254,377 12,730,090 2,394,591 1,538,459 266,790,789 Total financial liabilities
Sub Jumlah (129,568,947) (4,770,997) 20,151,458 48,105,071 (42,199,450) (10,530,731) 16,639,286 25,706,569 128,631,031 52,163,290 Sub Total
Tagihan derivatif 8,503,518 21,738,807 9,611,586 41,372,447 - - - - - 81,226,358 Derivative receivables
Liabilitas derivatif 14,428,445 20,864,729 18,396,288 15,470,055 - - - - - 69,159,517 Derivative payables
Jumlah gap repricing Total interest
suku bunga (135,493,874) (3,896,919) 11,366,756 74,007,463 (42,199,450) (10,530,731) 16,639,286 25,706,569 128,631,031 64,230,131 repricing gap
Halaman – 5/248 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 898
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA (lanjutan) 53. INTEREST RATE RISK (continued)
a. Eksposur Bank CIMB Niaga dan Entitas Anak a. Bank CIMB Niaga and Subsidiaries’ exposure to
terhadap risiko tingkat suku bunga (lanjutan) interest rate risk (continued)
Tabel di bawah ini mengikhtisarkan aset dan liabilitas The following table summarises the Bank interest
keuangan berbunga Bank pada nilai tercatat, yang earning financial assets and interest bearing financial
dikategorikan menurut mana yang terlebih dahulu liabilities at carrying amounts which are categorised by
antara tanggal repricing secara kontraktual the earlier of contractual repricing date or maturity
(contractual repricing) atau tanggal jatuh tempo: dates: (continued)
(lanjutan)
2022
Bunga mengambang/Floating rate Bunga tetap/Fixed rate
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 bulan 3 bulan 1 tahun
tetapi tidak tetapi tidak tetapi tidak tetapi tidak tetapi tidak
1 bulan lebih dari lebih dari 1 bulan lebih dari lebih dari lebih dari
atau kurang/ 3 bulan/ 1 tahun/ Lebih dari atau kurang/ 3 bulan/ 1 tahun/ 2 tahun/ Lebih dari
1 month Over 1 month Over 3 months 1 tahun/ 1 month Over 1 month Over 3 months Over 1 year 2 tahun/ Jumlah/
or Less to 3 months to 1 year Over 1 year or Less to 3 months to 1 year to 2 years Over 2 years Total
ASET ASSETS
Giro pada Current accounts with
Bank Indonesia 8,985,257 - - - - - - - - 8,985,257 Bank Indonesia
Giro pada bank lain 2,748,458 - - - - - - - - 2,748,458 Current accounts with other banks
Penempatan pada Placement with
bank lain dan other banks and
Bank Indonesia - - - - 14,878,602 - - - - 14,878,602 Bank Indonesia
Efek-efek - - - - 106,540 1,335,611 1,626,304 1,428,620 1,331,018 5,828,093 Marketable securities
Obligasi Pemerintah - - - - 1,320 1,818,799 2,748,993 16,297,382 38,332,532 59,199,026 Government Bonds
Efek-efek yang dibeli dengan janji . Securities purchased under
dijual kembali - - - - 510,307 - - - - 510,307 resale agreements
Kredit yang diberikan 377,115 3,483,335 18,152,902 71,700,614 466,000 1,462,106 10,672,843 7,440,091 76,937,184 190,692,190 Loans
Piutang pembiayaan Consumer financing
konsumen - - - - 27,242 508,473 1,454,872 1,660,594 2,267,643 5,918,824 receivables
Jumlah aset keuangan 12,110,830 3,483,335 18,152,902 71,700,614 15,990,011 5,124,989 16,503,012 26,826,687 118,868,377 288,760,757 Total financial assets
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
Giro 70,340,016 - - - - - - - - 70,340,016 Demand deposits
Tabungan 56,199,701 1,054,472 1,311,948 411,337 5,562,730 3,778,210 4,992,524 321,283 453,331 74,085,536 Saving deposits
Deposito 16,697,465 4,105,218 2,899,074 15,142,812 27,478,181 9,644,911 6,311,318 484,017 9 82,763,005 Time deposits
Simpanan dari bank lain - Deposits from other banks
Giro dan tabungan 1,146,863 - - - - - - - - 1,146,863 Demand and saving deposits
Interbank call money and Inter-bank call money and
deposito berjangka 122,843 15,165 4,067 112,503 1,100,000 647 600 824 2,500 1,359,149 time deposits
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali - - - - 6,062,727 - - - - 6,062,727 repurchase agreement
Efek-efek yang diterbitkan - - - - - 287,000 117,929 909,008 391,001 1,704,938 Marketable securities issued
Pinjaman yang diterima - - - - 129,945 21,598 118,823 526,776 2,628,267 3,425,409 Borrowings
Pinjaman subordinasi - - - - - - - 74,425 153,886 228,311 Subordinated loans
Jumlah liabilitas keuangan 144,506,888 5,174,855 4,215,089 15,666,652 40,333,583 13,732,366 11,541,194 2,316,333 3,628,994 241,115,954 Total financial liabilities
Sub Jumlah (132,396,058) (1,691,520) 13,937,813 56,033,962 (24,343,572) (8,607,377) 4,961,818 24,510,354 115,239,383 47,644,803 Sub Total
Tagihan derivatif 14,765,977 7,818,095 14,769,912 37,446,758 - - - - - 74,800,742 Derivative receivables
Liabilitas derivatif 23,233,586 6,577,040 8,481,128 12,476,015 - - - - - 50,767,769 Derivative payables
Jumlah gap repricing Total interest
suku bunga (140,863,667) (450,465) 20,226,597 81,004,705 (24,343,572) (8,607,377) 4,961,818 24,510,354 115,239,383 71,677,776 repricing gap
b. Sensitivitas terhadap laba bersih b. Sensitivity to net income
Tabel di bawah ini mengikhtisarkan sensitivitas laba The table below shows the sensitivity of Bank CIMB
bersih konsolidasian Bank CIMB Niaga dan Entitas Niaga and Subsidiaries consolidated net income to
Anak pada tanggal 31 Desember 2024, 2023 dan movement of interest rates as at 31 December 2024,
2022, atas perubahan tingkat suku bunga yaitu: 2023, and 2022:
2024
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap laba bersih (87,054) 87,054 Impact to net income
2023
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap laba bersih (124,128) 124,128 Impact to net income
Halaman – 5/249 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 899
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA (lanjutan) 53. INTEREST RATE RISK (continued)
b. Sensitivitas terhadap laba bersih (lanjutan) b. Sensitivity to net income (continued)
2022
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap laba bersih 64,245 (64,245) Impact to net income
c. Sensitivitas keuntungan/(kerugian) yang belum c. Sensitivity to unrealised gains/(losses) on fair value
direalisasi atas efek-efek dalam kelompok yang diukur through other comprehensive income marketable
nilai wajarnya melalui penghasilan komprehensif lain securities
Tabel di bawah ini mengikhtisarkan sensitivitas The table below shows the sensitivity of Bank CIMB
keuntungan/(kerugian) yang belum direalisasi atas Niaga’s unrealised gains/(losses) on fair value through
efek-efek dalam kelompok nilai wajar melalui other comprehensive income marketable securities to
penghasilan komprehensif lain Bank CIMB Niaga movement of interest rates as at 31 December 2024,
pada tanggal 31 Desember 2024, 2023, dan 2022 atas 2023, and 2022:
perubahan tingkat suku bunga yaitu:
2024
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap keuntungan/(kerugian)
yang belum direalisasi atas efek-efek Impact to unrealised gains/(losses) on
dalam kelompok nilai wajar melalui on fair value through other
penghasilan kompehensif lain 1,247,989 (1,247,989) comprehensive income marketable securities
2023
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap keuntungan/(kerugian)
yang belum direalisasi atas efek-efek Impact to unrealised gains/(losses) on
dalam kelompok nilai wajar melalui on fair value through other
penghasilan kompehensif lain 1,056,477 (1,056,477) comprehensive income marketable securities
2022
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap keuntungan/(kerugian)
yang belum direalisasi atas efek-efek Impact to unrealised gains/(losses) on
dalam kelompok nilai wajar melalui on fair value through other
penghasilan kompehensif lain (839,758) 839,758 comprehensive income marketable securities
Proyeksi di atas mengasumsikan bahwa seluruh The projection assumes that all other variables are held
variabel lainnya adalah konstan dan berdasarkan constant and based on constant reporting date
tanggal pelaporan yang konstan, serta seluruh posisi position, and that all positions until maturity.
hingga jatuh tempo.
Halaman – 5/250 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 900
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
Sensitivitas atas laba bersih dan keuntungan/(kerugian) The sensitivities of net income and unrealised
yang belum direalisasi atas efek-efek dalam kelompok nilai gains/(losses) on fair value through other comprehensive
wajar melalui penghasilan komprehensif lain, tidak income marketable securities do not take into account the
memperhitungkan efek dari lindung nilai dan tindakan- effects of hedging and Bank CIMB Niaga’s actions to
tindakan Bank CIMB Niaga untuk mengurangi risiko atas reduce interest rate risks. In practice, Bank CIMB Niaga
tingkat suku bunga. Dalam kenyataannya, Bank CIMB proactively seeks to mitigate the effect of prospective
Niaga secara proaktif melakukan mitigasi atas efek interest movements.
prospektif pergerakan tingkat suku bunga.
a. Eksposur Bank CIMB Niaga atas risiko nilai tukar mata a. Bank CIMB Niaga’s exposure to foreign currency
uang asing exchange risk
Tabel dibawah ini mengikhtisarkan eksposur Bank The table below summarises Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak atas risiko nilai tukar Subsidiaries exposure to foreign currency exchange
mata uang asing pada tanggal 31 Desember 2024, rate risk at 31 December 2024, 2023, and 2022.
2023, dan 2022. Termasuk di dalamnya adalah Included in the table are Bank CIMB Niaga’s financial
instrumen keuangan Bank CIMB Niaga pada nilai instruments at carrying amounts, categorised by
tercatat, dikategorikan berdasarkan jenis mata uang: currency:
2024
Dolar Pound
Amerika Sterling
Serikat/ Dolar Yen Dolar Dolar Inggris/
United Singapura/ Jepang/ Australia/ Hong Kong/ Great Britain
States Euro/ Singapore Japanese Australian Hong Kong Pound Lain-lain/ Jumlah/
Dollar Euro Dollar Yen Dollar Dollar Sterling Others Total
Aset Assets
Kas 456,490 136,307 77,898 21,697 43,493 9,249 17,801 75,162 838,097 Cash
Giro pada Bank Indonesia 1,592,459 - - - - - - - 1,592,459 Current accounts with Bank Indonesia
Giro pada bank lain 719,624 197,980 138,709 445,139 492,766 20,847 167,235 258,391 2,440,691 Current accounts with other banks
Penempatan pada bank lain Placements with other
dan Bank Indonesia 3,047,103 - - - - - - - 3,047,103 banks and Bank Indonesia
Efek-efek 1,290,659 - - - - - - - 1,290,659 Marketable securities
Obligasi Pemerintah 5,619,287 835 - - - - - - 5,620,122 Government Bonds
Tagihan derivatif 206,943 - 694 4,914 - - - 855 213,406 Derivative receivables
Kredit yang diberikan 35,327,937 89,890 37,697 - 268,919 - - 106,115 35,830,558 Loans
Tagihan akseptasi 1,074,416 135,048 - 4,119 - - - 6,906 1,220,489 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 687,196 298 185 - 906 - - 434 689,019 Accrued interest income
Aset lain-lain 28,421 - - - - - - - 28,421 Other assets
Jumlah aset 50,050,535 560,358 255,183 475,869 806,084 30,096 185,036 447,863 52,811,024 Total assets
Liabilitas Liabilities
Liabilitas segera 132,344 1,069 6,530 47,337 16,738 47 3,696 26,379 234,140 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 18,555,986 485,710 97,792 1,012,642 20,606 251 10,858 130,451 20,314,296 Demand deposits
Tabungan 7,530,877 315,412 1,333,157 2,594,674 546,616 9,353 137,091 178,073 12,645,253 Saving deposits
Deposito 9,025,765 68,265 1,074,669 1,076,785 124,332 4,920 37,172 13,769 11,425,677 Time deposits
Simpanan dari bank lain Deposits from other Banks
Giro dan tabungan 313,566 21,775 258 25,157 568,216 - 409 5,815 935,196 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
Deposito berjangka 90 - - - - - - - 90 Time deposits
Liabilitas akseptasi 1,074,416 135,048 - 4,119 - - - 6,906 1,220,489 Acceptance payables
Liabilitas derivatif 85,908 - 17,551 119,663 - - - 527 223,649 Derivative payables
Pinjaman yang diterima 1,609,500 - - - - - - - 1,609,500 Borrowings
Liabilitas lain-lain 1,016,974 5,527 3,448 - 10,310 16 346 35,298 1,071,919 Other liabilities
Jumlah liabilitas 39,345,426 1,032,806 2,533,405 4,880,377 1,286,818 14,587 189,572 397,218 49,680,209 Total liabilities
Posisi keuangan On balance sheet
neraca - bersih 10,705,109 (472,448) (2,278,222) (4,404,508) (480,734) 15,509 (4,536) 50,645 3,130,815 financial position - net
Rekening Administrative
administratif - bersih (nilai penuh) 10,383,263 355,614 24,866 18,111 - - - 68,479 10,850,333 accounts - net (full amount)
Halaman – 5/251 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 901
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
a. Eksposur Bank CIMB Niaga atas risiko nilai tukar mata a. Bank CIMB Niaga’s exposure to foreign currency
uang asing (lanjutan) exchange risk (continued)
Tabel dibawah ini mengikhtisarkan eksposur Bank The table below summarises Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak atas risiko nilai tukar Subsidiaries exposure to foreign currency exchange
mata uang asing pada tanggal 31 Desember 2024, rate risk at 31 December 2024, 2023, and 2022.
2023, dan 2022. Termasuk di dalamnya adalah Included in the table are Bank CIMB Niaga’s financial
instrumen keuangan Bank CIMB Niaga pada nilai instruments at carrying amounts, categorised by
tercatat, dikategorikan berdasarkan jenis mata uang: currency: (continued)
(lanjutan)
2023
Dolar Pound
Amerika Sterling
Serikat/ Dolar Yen Dolar Dolar Inggris/
United Singapura/ Jepang/ Australia/ Hong Kong/ Great Britain
States Euro/ Singapore Japanese Australian Hong Kong Pound Lain-lain/ Jumlah/
Dollar Euro Dollar Yen Dollar Dollar Sterling Others Total
Aset Assets
Kas 358,888 264,020 183,098 15,030 102,526 5,709 7,548 43,189 980,008 Cash
Giro pada Bank Indonesia 1,473,206 - - - - - - - 1,473,206 Current accounts with Bank Indonesia
Giro pada bank lain 544,488 174,170 289,486 754,651 111,146 55,572 170,260 251,489 2,351,262 Current accounts with other banks
Penempatan pada bank lain Placements with other
dan Bank Indonesia 2,690,893 - - - - - - - 2,690,893 banks and Bank Indonesia
Efek-efek 1,331,001 - - - - - - - 1,331,001 Marketable securities
Obligasi Pemerintah 4,597,488 34,385 - 21,748 - - - - 4,653,621 Government Bonds
Tagihan derivatif 149,543 - 12,342 177,187 93 - - - 339,165 Derivative receivables
Kredit yang diberikan 29,129,335 21,198 52,201 - 83,495 - - 6,820 29,293,049 Loans
Tagihan akseptasi 240,903 180,730 - - - - - 19,379 441,012 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 570,083 407 217 7 282 - - 24 571,020 Accrued interest income
Aset lain-lain 12,887 - - - - - - - 12,887 Other assets
Jumlah aset 41,098,715 674,910 537,344 968,623 297,542 61,281 177,808 320,901 44,137,124 Total assets
Liabilitas Liabilities
Liabilitas segera 69,161 7,912 22,670 2,434 9,530 4,591 673 9,584 126,555 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 13,778,861 405,227 126,883 1,343,859 20,507 31,368 7,680 80,763 15,795,148 Demand deposits
Tabungan 6,449,649 305,153 714,942 2,946,746 398,463 7,348 129,041 111,324 11,062,666 Saving deposits
Deposito 7,246,969 22,339 378,951 3,630,889 103,413 4,418 34,762 5,806 11,427,547 Time deposits
Simpanan dari bank lain Deposits from other Banks
Giro dan tabungan 162,596 3,027 18 30,934 77,601 - 1,245 2,277 277,698 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
Deposito berjangka 86 - - - - - - - 86 Time deposits
Liabilitas akseptasi 240,903 180,730 - - - - - 19,379 441,012 Acceptance payables
Liabilitas derivatif 77,438 - 3,137 38,272 61 - - - 118,908 Derivative payables
Pinjaman yang diterima 2,463,520 - - - - - - - 2,463,520 Borrowings
Liabilitas lain-lain 1,232,841 - 4,392 3,616 263 5 1,612 7,474 1,250,203 Other liabilities
Jumlah liabilitas 31,722,024 924,388 1,250,993 7,996,750 609,838 47,730 175,013 236,607 42,963,343 Total liabilities
Posisi keuangan On balance sheet
neraca - bersih 9,376,691 (249,478) (713,649) (7,028,127) (312,296) 13,551 2,795 84,294 1,173,781 financial position - net
Rekening Administrative
administratif - bersih (nilai penuh) 9,439,084 246,504 95,233 51,416 - - - 121,299 9,953,536 accounts - net (full amount)
Halaman – 5/252 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 902
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
a. Eksposur Bank CIMB Niaga atas risiko nilai tukar mata a. Bank CIMB Niaga’s exposure to foreign currency
uang asing (lanjutan) exchange risk (continued)
Tabel dibawah ini mengikhtisarkan eksposur Bank The table below summarises Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak atas risiko nilai tukar Subsidiaries exposure to foreign currency exchange
mata uang asing pada tanggal 31 Desember 2024, rate risk at 31 December 2024, 2023, and 2022.
2023, dan 2022. Termasuk di dalamnya adalah Included in the table are Bank CIMB Niaga’s financial
instrumen keuangan Bank CIMB Niaga pada nilai instruments at carrying amounts, categorised by
tercatat, dikategorikan berdasarkan jenis mata uang: currency: (continued)
(lanjutan)
2022
Dolar Pound
Amerika Sterling
Serikat/ Dolar Yen Dolar Dolar Inggris/
United Singapura/ Jepang/ Australia/ Hong Kong/ Great Britain
States Euro/ Singapore Japanese Australian Hong Kong Pound Lain-lain/ Jumlah/
Dollar Euro Dollar Yen Dollar Dollar Sterling Others Total
Aset Assets
Kas 430,421 94,739 230,189 16,228 135,104 19,852 6,832 31,693 965,058 Cash
Giro pada Bank Indonesia 1,599,516 - - - - - - - 1,599,516 Current accounts with Bank Indonesia
Giro pada bank lain 780,104 400,974 335,050 447,277 243,453 22,615 242,749 98,279 2,570,501 Current accounts with other banks
Penempatan pada bank lain Placements with other
dan Bank Indonesia 5,077,520 - - - - - - - 5,077,520 banks and Bank Indonesia
Efek-efek 201,555 - - - - - - - 201,555 Marketable securities
Obligasi Pemerintah 5,555,003 34,015 - 11,674 - - - - 5,600,692 Government Bonds
Tagihan derivatif 273,057 - 895 272,081 106 2 35 462 546,638 Derivative receivables
Kredit yang diberikan 24,529,670 - 53,521 - 40,346 - - 53,497 24,677,034 Loans
Tagihan akseptasi 844,746 98,306 - 21,169 - - - 41,296 1,005,517 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 447,179 326 177 4 97 - - 133 447,916 Accrued interest income
Aset lain-lain 3,830 - - - - - - - 3,830 Other assets
Jumlah aset 39,742,601 628,360 619,832 768,433 419,106 42,469 249,616 225,360 42,695,777 Total assets
Liabilitas Liabilities
Liabilitas segera 72,403 299 1,808 693 1,736 7 594 1,947 79,487 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 13,516,828 375,813 206,534 178,198 10,180 196 13,130 41,696 14,342,575 Demand deposits
Tabungan 6,765,606 410,999 554,033 322,180 439,849 5,188 220,488 100,156 8,818,499 Saving deposits
Deposito 12,535,578 1,636 207,098 3,558,415 40,155 599 17,031 5,607 16,366,119 Time deposits
Simpanan dari bank lain Deposits from other Banks
Giro dan tabungan 160,927 5,582 17 41,574 73,950 - 209 1,944 284,203 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
Deposito berjangka 87 - - - - - - - 87 Time deposits
Liabilitas akseptasi 844,746 98,306 - 21,169 - - - 41,296 1,005,517 Acceptance payables
Liabilitas derivatif 67,075 - 830 24,935 3 - 22 5 92,870 Derivative payables
Liabilitas lain-lain 412,222 - 1,867 - 14,933 - 27 16,592 445,641 Other liabilities
Jumlah liabilitas 34,375,472 892,635 972,187 4,147,164 580,806 5,990 251,501 209,243 41,434,998 Total liabilities
Posisi keuangan On balance sheet
neraca - bersih 5,367,129 (264,275) (352,355) (3,378,731) (161,700) 36,479 (1,885) 16,117 1,260,779 financial position - net
Rekening Administrative
administratif - bersih (nilai penuh) 7,123,715 244,391 12,560 59,559 2,610 - - 67,267 7,510,102 accounts - net (full amount)
b. Sensitivitas terhadap laba bersih atas perubahan b. Sensitivity to net income to movement of foreign
nilai tukar mata uang asing exchange rates
2024
Peningkatan/ Penurunan/
Increased by Decreased by
5% 5%
Pengaruh terhadap laba bersih 156,541 (156,541) Impact to net income
Halaman – 5/253 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 903
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
b. Sensitivitas terhadap laba bersih atas perubahan nilai b. Sensitivity to net income to movement of foreign
tukar mata uang asing (lanjutan) exchange rates (continued)
Tabel di bawah ini mengikhtisarkan sensitivitas laba The table below shows the sensitivity of Bank CIMB
bersih konsolidasian Bank CIMB Niaga dan Entitas Niaga and Subsidiaries consolidated net income to
Anak atas perubahan nilai tukar mata uang asing pada movement of foreign exchange rates as at
tanggal 31 Desember 2024, 2023, dan 2022: 31 December 2024, 2023, and 2022:
2023
Peningkatan/ Penurunan/
Increased by Decreased by
5% 5%
Pengaruh terhadap laba bersih 58,689 (58,689) Impact to net income
2022
Peningkatan/ Penurunan/
Increased by Decreased by
5% 5%
Pengaruh terhadap laba bersih 63,039 (63,039) Impact to net income
Proyeksi di atas mengasumsikan bahwa perubahan The projection assumes that foreign exchange rates
nilai tukar mata uang asing bergerak pada jumlah move by the same amount and, therefore, do not
yang sama sehingga tidak mencerminkan perubahan reflect the potential impact on profit of some rates
potensial kepada laba atas perubahan beberapa nilai changing while others remain unchanged. The
tukar mata uang asing sementara lainnya tidak projection also assumes that all other variables are
berubah. Proyeksi juga mengasumsikan bahwa held constant and are based on a constant reporting
seluruh variabel lainnya adalah konstan dan date position and that all positions run to maturity.
berdasarkan tanggal pelaporan yang konstan serta
seluruh posisi hingga jatuh tempo.
55. RISIKO LIKUIDITAS 55. LIQUIDITY RISK
Kebijakan likuiditas Bank CIMB Niaga didasarkan untuk Bank CIMB Niaga’s liquidity policy is based on ensuring
memastikan bahwa setiap kebutuhan dana di saat ini, that current and future funding requirements can be met
maupun di masa datang baik untuk kondisi normal both in normal or stress conditions. In implementation of
maupun kondisi stres dapat dipenuhi. Dalam liquidity risk management, there are some variety of
melaksanakan pengendalian risiko likuiditas, dilakukan methods, such as: liquidity gap analysis, liquidity stress
dengan beberapa pendekatan, yaitu: liquidity gap test analysis, and liquidity ratio analysis.
analysis, liquidity stress test analysis, dan liquidity ratio
analysis.
Halaman – 5/254 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 904
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Dimana untuk mengendalikan risiko likuiditas tersebut Whereas in managing liquidity risk, Bank CIMB Niaga sets
ditetapkan beberapa limit dan parameter. Disamping itu some limits and parameters. Bank CIMB Niaga and its
Bank CIMB Niaga dan Entitas Anak juga melkaukan Subsidiaries is also monitoring the internal and external
pemantauan atas indikator-indikator internal dan eksternal indicators in managing liquidity risk. Bank CIMB Niaga also
dalam mengendalikan risiko likuiditas. Bank juga sets contingency funding plan that would be used to
menetapkan contingency funding plan yang akan handle or solve the crisis condition. Appropriate level of
digunakan untuk penanganan kondisi kritis. Jumlah aset liquid assets is held to ensure that a prudent level of
lancar yang memadai dipertahankan untuk menjamin liquidity is maintained at all times. This is in line with Bank
kebutuhan likuiditas yang terkendali setiap waktu. Hal ini Indonesia’s Circular Letter No.11/16/DPNP/2009
semua sejalan dengan Surat Edaran Bank Indonesia regarding liquidity risk management.
No. 11/16/DPNP/2009 tentang manajemen risiko
likuiditas.
Pengelolaan likuiditas dan aset-liabilitas dilakukan Liquidity and asset-liability management is under the
dibawah koordinasi Asset Liability Committee (“ALCO”) coordination of the Asset Liability Committee (“ALCO”)
yang setiap bulannya melakukan rapat dengan melibatkan who holds monthly meetings involving business units,
unit bisnis, tresuri, kredit, dan unit-unit lain yang relevan, treasury, credit, and other relevant units to ensure the
untuk memastikan tercapainya posisi likuiditas pada achievement of the expected liquidity position.
tingkat yang diharapkan.
Pengelolaan likuiditas Bank CIMB Niaga ditekankan pada Bank CIMB Niaga’s liquidity management focuses on cash
penyesuaian arus dana masuk dan keluar. Kesenjangan inflow and outflow. The gap in cash flow is anticipated
arus dana diantisipasi dengan memelihara aset likuid tingkat through managing the first tier liquid assets such as
pertama yang berupa pemeliharaan cadangan wajib serta maintenance of reserve requirements and highly liquid
efek-efek jangka pendek yang sangat likuid. Aset likuid short-term marketable securities. Second tier liquid assets
tingkat dua dipelihara melalui penempatan dana jangka are managed through short-term placements with other
pendek di bank lain, efek-efek, dan Obligasi Pemerintah banks, fair value through other comprehensive income
dalam kelompok nilai wajar melalui penghasilan marketable securities, and Government Bonds. Liquidity
komprehensif lain. Pengelolaan likuiditas juga dilakukan management is also performed through managing the
melalui pengelolaan struktur sumber dana dengan structure of funding by implementing proper threshold on
memperhatikan limit konsentrasi deposan. Selain itu, Bank the concentrations of depositors. In addition, Bank CIMB
CIMB Niaga senantiasa memelihara kemampuannya untuk Niaga maintains its ability to access the financial market
melakukan akses ke pasar uang dengan memelihara by maintaining its relationship with correspondence banks.
hubungan dengan bank-bank koresponden.
Halaman – 5/255 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 905
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi The maturity tables below provide information about
mengenai perkiraan jatuh tempo dari aset dan liabilitas maturities of discounted assets and liabilities on
discounted sesuai kontrak menjadi arus kas masuk atau contractual basis which are converted into cash flow in or
keluar pada 31 Desember 2024, 2023, dan 2022: out as at 31 December 2024, 2023, and 2022:
2024
Tidak
mempunyai
kontrak
jatuh tempo/ Kurang dari
Dibayarkan sesuai atau sama
permintaan/ dengan
No contractual 1 bulan/ Lebih dari
maturity/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
ASET ASSETS
Kas 3,650,137 3,650,137 - - - - - Cash
Giro pada Current accounts with
Bank Indonesia 9,990,709 9,990,709 - - - - - Bank Indonesia
Giro pada bank Current accounts with
lain - bruto 2,508,917 2,508,917 - - - - other banks - gross
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia - bruto 5,047,695 - 5,047,395 300 - - - and Bank Indonesia - gross
Efek-efek - bruto 23,456,134 - 702,568 3,331,834 14,408,451 4,923,952 89,329 Marketable securities - gross
Obligasi Pemerintah 70,354,627 - 178,767 253,750 10,193,515 39,743,428 19,985,167 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,612,832 - 326,049 - 1,286,783 - - resale agreements
Tagihan derivatif - bruto 1,184,890 - 116,707 229,197 124,545 522,314 192,127 Derivative receivables - gross
Kredit yang diberikan - bruto 217,949,936 - 30,369,567 22,109,791 30,839,319 74,137,186 60,494,073 Loans - gross
Piutang pembiayaan Consumer financing
konsumen - bruto 10,053,059 - 43,692 890,934 2,391,932 6,692,258 34,243 receivables - gross
Tagihan akseptasi - bruto 2,761,800 - 819,230 867,042 1,075,528 - - Acceptance receivables - gross
Penyertaan - bruto 24,214 24,214 - - - - - Investments - gross
Aset tetap - setelah Fixed assets - net of
dikurangi akumulasi penyusutan 6,803,495 6,803,495 - - - - - accumulated depreciation
Aset tidak berwujud - Intangible assets - net of
setelah dikurangi akumulasi penyusutan 2,044,380 2,044,380 - - - - - accumulated depreciation
Aset yang diambil alih - bruto 682,326 682,326 - - - - - Foreclosed assets - gross
Uang muka pajak 3,192,348 3,192,348 - - - - - Prepaid tax
Aset pajak tangguhan - bersih 117,989 117,989 - - - - - Deferred tax assets - net
Pendapatan bunga yang masih
akan diterima 3,027,711 - 263,441 82,252 212,614 1,541,505 927,899 Accrued interest income
Beban dibayar dimuka 1,218,479 1,218,479 - - - - - Prepaid expenses
Aset lain-lain - bruto 5,639,882 5,639,882 - - - - - Other assets - gross
371,321,560 35,872,876 37,867,416 27,765,100 60,532,687 127,560,643 81,722,838
Cadangan kerugian Allowance for
penurunan nilai (11,101,050) impairment losses
Jumlah 360,220,510 Total
LIABILITAS LIABILITIES
Liabilitas segera 4,473,871 - 4,473,871 - - - - Obligations due immediately
Simpanan dari nasabah 260,639,027 172,067,205 37,019,384 24,171,747 9,912,877 8,517,241 8,950,573 Deposits from customers
Simpanan dari bank lain 5,959,468 3,128,573 2,668,145 56,219 103,396 3,135 - Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 11,288,963 - 11,288,963 - - - - repurchase agreement
Liabilitas derivatif 906,630 - 215,498 189,745 174,636 316,753 9,998 Derivative payables
Liabilitas akseptasi 2,761,800 - 819,230 867,042 1,075,528 - - Acceptance payables
Efek-efek yang diterbitkan 1,687,452 - - 391,000 708,062 588,390 - Marketable securities isssued
Pinjaman yang diterima 8,487,935 - 5,466,898 112,467 1,354,491 1,554,079 - Borrowings
Hutang pajak 347,275 - 347,275 - - - - Taxes payable
Beban yang masih harus Accruals expense and
dibayar dan liabilitas lain-lain 8,787,844 5,197,679 1,007,296 - 2,403,398 179,471 - other liabilities
Liabilitas imbalan kerja 1,609,404 - - - 853,390 - 756,014 Employee benefits obligations
Pinjaman subordinasi 74,514 - - - - 74,514 - Subordinated loans
307,024,183 180,393,457 63,306,560 25,788,220 16,585,778 11,233,583 9,716,585
Perbedaan jatuh tempo 64,297,377 (144,520,581) (25,439,144) 1,976,880 43,946,909 116,327,060 72,006,253 Maturity gap
Posisi neto setelah Net position, net of
cadangan kerugian allowance for
penurunan nilai 53,196,327 impairment losses
Halaman – 5/256 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 906
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi The maturity tables below provide information about
mengenai perkiraan jatuh tempo dari aset dan liabilitas maturities of discounted assets and liabilities on
discounted sesuai kontrak menjadi arus kas masuk atau contractual basis which are converted into cash flow in or
keluar pada 31 Desember 2024, 2023, dan 2022: (lanjutan) out as at 31 December 2024, 2023, and 2022: (continued)
2023
Tidak
mempunyai
kontrak
jatuh tempo/ Kurang dari
Dibayarkan sesuai atau sama
permintaan/ dengan
No contractual 1 bulan/ Lebih dari
maturity/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
ASET ASSETS
Kas 3,928,446 3,928,446 - - - - - Cash
Giro pada Current accounts with
Bank Indonesia 13,180,254 13,180,254 - - - - - Bank Indonesia
Giro pada bank Current accounts with
lain - bruto 2,703,266 2,703,266 - - - - - other banks - gross
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia - bruto 4,541,702 - 4,541,702 - - - - and Bank Indonesia - gross
Efek-efek - bruto 9,403,093 - 166,004 945,809 3,153,399 5,078,432 59,449 Marketable securities - gross
Obligasi Pemerintah 70,596,507 - 107,889 7,539,832 7,403,834 29,254,954 26,289,998 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 5,159,387 - 1,902,370 288,694 2,475,649 492,674 - resale agreements
Tagihan derivatif - bruto 849,014 - 116,781 204,785 157,114 330,932 39,402 Derivative receivables - gross
Kredit yang diberikan - bruto 205,916,550 - 23,259,887 19,599,172 36,885,617 58,941,049 67,230,825 Loans - gross
Piutang pembiayaan Consumer financing
konsumen - bruto 7,453,320 - 27,727 610,895 1,716,778 5,073,309 24,611 receivables - gross
Tagihan akseptasi - bruto 1,102,091 - 380,374 524,577 197,140 - - Acceptance receivables - gross
Penyertaan - bruto 4,214 4,214 - - - - - Investments - gross
Aset tetap - setelah Fixed assets - net of
dikurangi akumulasi penyusutan 6,774,736 6,774,736 - - - - - accumulated depreciation
Aset tidak berwujud - Intangible assets - net of
setelah dikurangi akumulasi penyusutan 2,074,656 2,074,656 - - - - - accumulated depreciation
Aset yang diambil alih - bruto 470,293 470,293 - - - - - Foreclosed assets - gross
Uang muka pajak 1,928,984 1,928,984 - - - - - Prepaid tax
Aset pajak tangguhan - bersih 1,377,659 1,377,659 - - - - - Deferred tax assets - net
Pendapatan bunga yang masih
akan diterima 3,414,197 - 427,070 218,155 440,378 1,306,283 1,022,311 Accrued interest income
Beban dibayar dimuka 1,195,194 1,195,194 - - - - - Prepaid expenses
Aset lain-lain - bruto 5,136,741 5,136,741 - - - - - Other assets - gross
347,210,304 38,774,443 30,929,804 29,931,919 52,429,909 100,477,633 94,666,596
Cadangan kerugian Allowance for
penurunan nilai (12,841,071) impairment losses
Jumlah 334,369,233 Total
LIABILITAS LIABILITIES
Liabilitas segera 3,581,921 - 3,581,921 - - - - Obligations due immediately
Simpanan dari nasabah 235,861,670 150,632,627 37,667,260 19,256,213 10,243,660 11,237,916 6,823,994 Deposits from customers
Simpanan dari bank lain 1,760,447 1,505,793 141,184 998 109,247 3,225 - Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 20,426,826 - 20,424,800 2,026 - - - repurchase agreement
Liabilitas derivatif 540,051 - 87,175 59,416 123,690 255,663 14,107 Derivative payables
Liabilitas akseptasi 1,102,091 - 380,374 524,577 197,140 - - Acceptance payables
Efek-efek yang diterbitkan 2,297,702 - - 698,057 909,476 690,169 - Marketable securities isssued
Pinjaman yang diterima 6,288,525 - 769,463 2,621,755 731,063 2,166,244 - Borrowings
Utang pajak 434,853 - 434,853 - - - - Taxes payable
Beban yang masih harus Accruals expense and
dibayar dan liabilitas lain-lain 11,041,562 5,688,569 2,000,864 - 3,262,801 89,328 - other liabilities
Liabilitas imbalan kerja 1,540,595 - - - 842,499 - 698,096 Employee benefits obligations
Pinjaman subordinasi 155,619 - - - - 155,619 - Subordinated loans
285,031,862 157,826,989 65,487,894 23,163,042 16,419,576 14,598,164 7,536,197
Perbedaan jatuh tempo 62,178,442 (119,052,546) (34,558,090) 6,768,877 36,010,333 85,879,469 87,130,399 Maturity gap
Posisi neto setelah Net position, net of
cadangan kerugian allowance for
penurunan nilai 49,337,371 impairment losses
Halaman – 5/257 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 907
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi The maturity tables below provide information about
mengenai perkiraan jatuh tempo dari aset dan liabilitas maturities of discounted assets and liabilities on
discounted sesuai kontrak menjadi arus kas masuk atau contractual basis which are converted into cash flow in or
keluar pada 31 Desember 2024, 2023, dan 2022: (lanjutan) out as at 31 December 2024, 2023, and 2022: (continued)
2022
Tidak
mempunyai
kontrak
jatuh tempo/ Kurang dari
Dibayarkan sesuai atau sama
permintaan/ dengan
No contractual 1 bulan/ Lebih dari
maturity/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
ASET ASSETS
Kas 5,439,398 5,439,398 - - - - - Cash
Giro pada Current accounts with
Bank Indonesia 8,985,257 8,985,257 - - - - - Bank Indonesia
Giro pada bank Current accounts with
lain - bruto 2,748,458 2,748,458 - - - - - other banks - gross
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia - bruto 14,878,602 - 14,878,602 - - - - and Bank Indonesia - gross
Efek-efek - bruto 5,828,093 - 106,540 1,335,611 1,626,304 2,714,663 44,975 Marketable securities - gross
Obligasi Pemerintah 59,199,026 - 1,320 1,818,799 2,748,993 39,114,398 15,515,516 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 510,307 - 510,307 - - - - resale agreements
Tagihan derivatif - bruto 969,308 - 93,363 209,759 322,235 282,652 61,299 Derivative receivables - gross
Kredit yang diberikan - bruto 190,692,190 - 18,822,979 17,315,508 33,812,874 57,594,084 63,146,745 Loans - gross
Piutang pembiayaan Consumer financing
konsumen - bruto 5,918,824 - 27,242 508,473 1,454,872 3,924,893 3,344 receivables - gross
Tagihan akseptasi - bruto 2,106,596 - 645,839 952,296 508,461 - - Acceptance receivables - gross
Penyertaan - bruto 4,214 4,214 - - - - - Investments - gross
Aset tetap - setelah Fixed assets - net of
dikurangi akumulasi penyusutan 7,047,668 7,047,668 - - - - - accumulated depreciation
Aset tidak berwujud - Intangible assets - net of
setelah dikurangi akumulasi penyusutan 2,076,820 2,076,820 - - - - - accumulated depreciation
Aset yang diambil alih - bruto 371,090 371,090 - - - - - Foreclosed assets - gross
Uang muka pajak 1,384,932 1,384,932 - - - - - Prepaid tax
Aset pajak tangguhan - bersih 1,685,800 1,685,800 - - - - - Deferred tax assets - net
Pendapatan bunga yang masih
akan diterima 2,923,768 - 53,959 127,586 248,464 1,606,245 887,514 Accrued interest income
Beban dibayar dimuka 1,119,629 1,119,629 - - - - - Prepaid expenses
Aset lain-lain - bruto 6,895,953 6,895,953 - - - - - Other assets - gross
320,785,933 37,759,219 35,140,151 22,268,032 40,722,203 105,236,935 79,659,393
Cadangan kerugian Allowance for
penurunan nilai (14,031,634) impairment losses
Jumlah 306,754,299 Total
LIABILITAS LIABILITIES
Liabilitas segera 3,705,094 - 3,705,094 - - - - Obligations due immediately
Simpanan dari nasabah 227,188,557 144,425,552 44,175,647 13,750,129 9,210,391 11,974,984 3,651,854 Deposits from customers
Simpanan dari bank lain 2,506,012 1,146,863 1,239,103 1,723 113,822 2,001 2,500 Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 6,062,727 - 6,062,727 - - - - repurchase agreement
Liabilitas derivatif 701,179 - 39,975 50,467 193,923 364,651 52,163 Derivative payables
Liabilitas akseptasi 2,106,596 - 645,839 952,296 508,461 - - Acceptance payables
Efek-efek yang diterbitkan 1,704,938 - - 287,000 117,929 1,300,009 - Marketable securities isssued
Pinjaman yang diterima 3,425,409 - 129,945 21,598 118,823 3,155,043 - Borrowings
Utang pajak 524,343 - 524,343 - - - - Taxes payable
Beban yang masih harus Accruals expense and
dibayar dan liabilitas lain-lain 11,862,848 6,241,124 1,230,620 - 4,144,959 246,145 - other liabilities
Liabilitas imbalan kerja 1,462,022 - - - 820,768 - 641,254 Employee benefits obligations
Pinjaman subordinasi 228,311 - - - - 228,311 - Subordinated loans
261,478,036 151,813,539 57,753,293 15,063,213 15,229,076 17,271,144 4,347,771
Perbedaan jatuh tempo 59,307,897 (114,054,320) (22,613,142) 7,204,819 25,493,127 87,965,791 75,311,622 Maturity gap
Posisi neto setelah Net position, net of
cadangan kerugian allowance for
penurunan nilai 45,276,263 impairment losses
Halaman – 5/258 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 908
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi The maturity tables below provide information about
mengenai perkiraan jatuh tempo dari liabilitas sesuai maturities on contractual undiscounted cash flows of
kontrak menjadi arus kas yang undiscounted pada liabilities as at 31 December 2024, 2023, and 2022:
tanggal 31 Desember 2024, 2023, dan 2022:
2024
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Liabilitas segera 4,473,871 - 4,473,871 - - - - Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 92,101,872 92,101,872 - - - - - Demand deposits
Tabungan 80,383,853 59,912,196 3,969,975 9,860,237 5,732,164 753,372 155,909 Saving deposits
Deposito 94,582,546 - 37,097,073 24,346,021 10,136,080 9,362,350 13,641,022 Time deposits
Simpanan dari bank lain 5,969,492 3,128,575 2,673,199 56,609 107,019 1,029 3,061 Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 11,288,963 - 11,288,963 - - - - repurchase agreement
Liabilitas derivatif 2,231,431 - 254,744 270,155 756,857 921,154 28,521 Derivative payables
Liabilitas akseptasi 2,761,800 - 819,230 867,042 1,075,528 - - Acceptance payables
Efek-efek yang diterbitkan 1,705,714 - - 391,315 718,215 596,184 - Marketable securities isssued
Pinjaman yang diterima 8,766,198 - 5,475,311 114,082 1,405,211 1,771,594 - Borrowings
Beban yang masih harus
dibayar, liabilitas lain-lain 8,787,844 5,197,679 1,007,296 - 2,403,398 179,471 - Accruals expense and other liabilities
Liabilitas imbalan kerja 1,609,404 - - - 853,390 - 756,014 Employee benefits obligations
Pinjaman subordinasi 82,292 - 646 1,875 79,771 - - Subordinated loans
314,745,280 160,340,322 67,060,308 35,907,336 23,267,633 13,585,154 14,584,527
2023
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Liabilitas segera 3,581,921 - 3,581,921 - - - - Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 73,372,787 73,372,787 - - - - - Demand deposits
Tabungan 77,578,327 57,815,354 3,212,115 8,737,030 6,691,951 954,371 167,506 Saving deposits
Deposito 85,630,085 - 37,746,071 19,396,762 10,417,506 11,244,725 6,825,021 Time deposits
Simpanan dari bank lain 1,765,401 1,505,795 141,227 1,003 112,985 1,071 3,320 Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 20,426,826 - 20,424,800 2,026 - - - repurchase agreement
Liabilitas derivatif 1,528,249 - 114,862 109,224 429,770 832,169 42,224 Derivative payables
Liabilitas akseptasi 1,102,091 - 380,374 524,577 197,140 - - Acceptance payables
Efek-efek yang diterbitkan 2,312,436 - - 704,455 914,659 693,322 - Marketable securities isssued
Pinjaman yang diterima 6,624,040 - 770,060 2,652,297 767,482 2,434,201 - Borrowings
Beban yang masih harus
dibayar, liabilitas lain-lain 11,041,562 5,688,569 2,000,864 - 3,262,801 89,328 - Accruals expense and other liabilities
Liabilitas imbalan kerja 1,540,595 - - - 842,499 - 698,096 Employee benefits obligations
Pinjaman subordinasi 180,174 - 1,426 2,698 10,759 165,291 - Subordinated loans
286,684,494 138,382,505 68,373,720 32,130,072 23,647,552 16,414,478 7,736,167
2022
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Liabilitas segera 3,705,094 - 3,705,094 - - - - Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 70,448,041 70,448,041 - - - - - Demand deposits
Tabungan 74,200,463 60,162,488 1,600,844 4,840,910 6,351,384 1,057,085 187,752 Saving deposits
Deposito 86,358,165 - 44,249,609 13,839,530 9,353,165 13,458,445 5,457,416 Time deposits
Simpanan dari bank lain 2,510,761 1,146,863 1,240,067 1,729 117,601 4,501 - Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 6,062,727 - 6,062,727 - - - - repurchase agreement
Liabilitas derivatif 22,125,034 - 682,417 894,808 7,795,453 12,741,420 10,936 Derivative payables
Liabilitas akseptasi 2,106,596 - 645,839 952,296 508,461 - - Acceptance payables
Efek-efek yang diterbitkan 1,710,977 - - 287,223 118,247 1,305,507 - Marketable securities isssued
Pinjaman yang diterima 3,932,583 - 130,196 22,027 124,731 3,655,629 - Borrowings
Beban yang masih harus
dibayar, liabilitas lain-lain 11,862,848 6,241,124 1,230,620 - 4,144,959 246,145 - Accruals expense and other liabilities
Liabilitas imbalan kerja 1,462,022 - - - 820,768 - 641,254 Employee benefits obligations
Pinjaman subordinasi 274,598 - - 3,499 14,031 257,068 - Subordinated loans
286,759,909 137,998,516 59,547,413 20,842,022 29,348,800 32,725,800 6,297,358
Halaman – 5/259 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 909
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi The maturity tables below provide information about
mengenai perkiraan jatuh tempo dari liabilitas sesuai maturities on contractual undiscounted cash flows of
kontrak menjadi arus kas yang undiscounted pada liabilities as at 31 December 2024, 2023, and 2022:
tanggal 31 Desember 2024, 2023, dan 2022:
2024
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed 16,234,592 - 117,903 115,426 5,104,840 8,918,499 1,977,924 committed -
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,855,914 - 445,506 1,294,869 115,539 - - letters of credit
Garansi yang diterbitkan 5,888,091 - 1,011,538 1,036,599 2,534,212 1,305,742 - Guarantees issued
23,978,597 - 1,574,947 2,446,894 7,754,591 10,224,241 1,977,924
2023
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed 12,381,050 - 114,734 215,443 1,628,507 7,796,126 2,626,240 committed -
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,625,442 - 503,872 896,812 224,758 - - letters of credit
Garansi yang diterbitkan 5,364,148 - 683,615 883,991 3,029,470 767,072 - Guarantees issued
19,370,640 - 1,302,221 1,996,246 4,882,735 8,563,198 2,626,240
2022
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed 11,410,083 - 1,222,389 1,358,087 452,562 5,643,492 2,733,553 committed -
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,309,897 - 350,397 767,438 192,062 - - letters of credit
Garansi yang diterbitkan 4,832,874 - 508,637 819,588 2,267,848 1,236,801 - Guarantees issued
17,552,854 - 2,081,423 2,945,113 2,912,472 6,880,293 2,733,553
Halaman – 5/260 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 910
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
56. AKTIVITAS JASA KUSTODIAN 56. CUSTODIAL SERVICES ACTIVITIES
Bank CIMB Niaga memberikan jasa kustodian dan Bank CIMB Niaga provides a full range of custodian
memperoleh izin jasa kustodian berdasarkan Surat services and obtained a license from the Bapepam-LK
Keputusan Bapepam-LK No. Kep.71/PM/1991 tanggal under its Decision Letter No. Kep.71/PM/1991 dated
20 Agustus 1991. 20 August 1991.
Bank CIMB Niaga menyediakan jasa-jasa kustodian Bank CIMB Niaga provides a full range of custodian
sebagai berikut: services, such as:
a. Penyelesaian dan pengelolaan jasa transaksi efek a. Settlement and transaction handling services of
yang berbentuk tanpa warkat; scriptless securities;
b. Penyimpanan dan pengadministrasian efek-efek; b. Safekeeping and administering of securities;
c. Jasa pengurusan hak-hak nasabah yang melekat c. Corporate action services related to the client’s rights
pada efek-efek (corporate action) yang dimilikinya; on its securities;
d. Jasa perwakilan pada rapat umum pemegang d. Proxy services for its customer’s shareholders
saham dan rapat umum pemegang obligasi; meetings and bondholder’s meetings;
e. Jasa sub-registry untuk penyimpanan dan e. Sub-registry services for safekeeping and settlement
penyelesaian transaksi Obligasi Pemerintah dan transactions of Government Bonds and Certificate of
Sertifikat Bank Indonesia; Bank Indonesia;
f. Fund accounting; dan f. Fund Accounting; and
g. Jasa unit registry untuk pengadministrasian produk g. Unit registry service to manage mutual funds and unit
reksa dana dan unit link. link.
Aset yang tercatat dalam aktivitas jasa kustodian tidak Assets that are held in this custodial services activity are
termasuk dalam laporan keuangan konsolidasian ini. not included in these consolidated financial statements.
Jumlah komisi yang diterima dari pemberian jasa ini Total fees received from these services for the year ended
selama tahun yang berakhir 31 Desember 2024 adalah 31 December 2024 amounting to Rp 116,992 (2023:
Rp 116.992 (2023: Rp 116.534; 2022: Rp 131.514) Rp 116,534; 2022: Rp 131,514).
57. STANDAR AKUNTANSI BARU 57. NEW PROSPECTIVE ACCOUNTING STANDARDS
Pernyataan Standar Akuntansi Keuangan (”PSAK”) dan The Statements of Financial Accounting Standards
Interpretasi Standar Akuntansi Keuangan (”ISAK”) yang (“SFAS”) and Interpretation of Financial Accounting
telah disahkan oleh Dewan Standar Akuntansi Keuangan Standards (“ISFAS”) issued by the Board of Financial
(”DSAK”) namun belum berlaku efektif untuk laporan Accounting Standards (“DSAK”) but not yet effective for
keuangan untuk tahun buku yang dimulai pada tanggal the financial statements for the year beginning 1 January
1 Januari 2024 adalah sebagai berikut: 2024 were as follows:
- PSAK 117 (sebelumnya PSAK 74) "Kontrak Asuransi"; - SFAS 117 (previously SFAS 74) "Insurance Contract";
- Amandemen PSAK 221 ( sebelumnya PSAK 10 ): - Amendment of PSAK 221 (previously PSAK 10): "The
"Pengaruh Perubahan Kurs Valuta Asing" terkait Effects of Changes in Foreign Exchange Rates"
kondisi ketika suatu mata uang tidak tertukarkan. concerning conditions when a currency is not
exchangeable.
Standar tersebut akan berlaku efektif pada 1 Januari 2025 The above standards will be effective on 1 January 2025
dan penerapan dini diperbolehkan. and early adoption is permitted.
Pada saat penerbitan laporan keuangan konsolidasian, As at the authorisation date of these consolidated financial
Bank CIMB Niaga dan Entitas Anak masih mengevaluasi statements, Bank CIMB Niaga and Subsidiaries are still
dampak yang mungkin timbul dari penerapan standar baru evaluating the potential impact of these new and revised
dan revisi tersebut terhadap laporan keuangan. standards to the consolidated financial statements.
Halaman – 5/261 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 911
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
58. PERJANJIAN-PERJANJIAN SIGNIFIKAN 58. SIGNIFICANT AGREEMENTS
Bank CIMB Niaga melakukan kerjasama dengan pihak- Bank CIMB Niaga enters into agreement with other parties
pihak lain dalam menjalankan aktivitas usahanya. Berikut in conducting their business activities. The followings are
perjanjian/ perikatan penting dengan pihak-pihak ketiga: the significant agreements with third parties:
1. Pada tanggal 7 April 2008, Bank CIMB Niaga 1. On 7 April 2008, Bank CIMB Niaga entered into an
menandatangani perjanjian sewa dengan PT Niaga office space lease agreement with PT Niaga
Manajemen Citra untuk bangunan yang berlokasi di Manajemen Citra for building which located at Griya
Gedung Griya Niaga 2, Jl. Wahid Hasyim Blok B.4
No.3, Bintaro Jaya Sektor VII Tangerang selama Niaga 2 Building, Jl. Wahid Hasyim Blok B.4 No.3,
29 (dua puluh sembilan) tahun. Total uang sewa Bintaro Jaya Sector VII Tangerang for 29 (twenty nine)
selama jangka waktu sewa adalah Rp 181.000 yang years. Rental fees for this rent amounting to
akan dibayarkan dalam 11 (sebelas) tahap Rp 181,000 which paid-in 11 (eleven) payment term.
pembayaran. Sebelum penandatanganan perjanjian Prior to the signing of this agreement, it was agreed to
ini, telah disepakati untuk dilakukan pembayaran make a rental deposit payment in advance of Rp 5,650
deposit sewa terlebih dahulu sebesar Rp 5.650 yang which was paid on 27 March 2007. The rental deposit
dibayarkan pada tanggal 27 Maret 2007. Deposit is also the first installment of this lease agreement.
sewa tersebut juga merupakan pembayaran tahap
pertama atas perjanjian sewa ini. Pembayaran tahap The last installment payment was paid-in January
terakhir dilakukan pada Januari 2009. Pada tanggal 2009. On 30 October 1997, Bank CIMB Niaga signed
30 Oktober 1997, Bank CIMB Niaga pertama kali the first lease agreement with PT Niaga Manajemen
menandatangani perjanjian sewa dengan PT Niaga Citra for a building located at Griya Niaga 1 Building,
Manajemen Citra untuk bangunan yang berlokasi di Jl. Wahid Hasyim Blok B.4 No. 3, Bintaro Jaya Sector
Gedung Griya Niaga 1, Jl. Wahid Hasyim Blok B.4 No. VII Tangerang, this lease agreement has been
3, Bintaro Jaya Sektor VII Tangerang, perjanjian sewa extended with the latest extension on 1 January 2023,
ini telah diperpanjang dengan perpanjangan terakhir
dilakukan pada tanggal 1 Januari 2023, dengan with a rental period of up to 31 December 2028.
jangka waktu sewa hingga 31 Desember 2028. During the year ended 2023, a rental price of
Selama tahun yang berakhir 2023, harga sewa Rp 127,300 (in full amount) per m2 per month. For the
sebesar Rp 127.300 (dalam rupiah penuh) per m2 per year ended 31 December 2024, Bank has executed
bulan. Selama tahun berakhir 31 Desember 2024, rental payment as amounted Rp 132,392 (in full
Bank telah melakukan pembayaran sewa sebesar amount) per m2 per month.
Rp 132.392 (dalam rupiah penuh) per m2 per bulan.
2. Pada bulan Maret 2016, Bank CIMB Niaga 2. In March 2016, Bank CIMB Niaga entered into
menandatangani perjanjian bancassurance dengan bancassurance agreement with PT Sunlife Financial
PT Sunlife Financial Indonesia untuk menjual produk Indonesia to sell Sun Life’s insurance products
asuransi Sun Life melalui jaringan distribusi Bank. through the Bank distribution channel. The agreement
Perjanjian kerjasama ini berlaku sampai dengan valid up to 12 April 2033. The agreement has been
tanggal 12 April 2033. Perjanjian tersebut telah direvisi revised with re-signing on 5 April 2022. The new
dengan penandatanganan kembali pada tanggal agreement is valid until 31 December 2039.
5 April 2022. Perjanjian baru ini berlaku sampai
dengan 31 Desember 2039.
3. Pada bulan Desember 2016, Bank CIMB Niaga 3. In December 2016, Bank CIMB Niaga entered into
menandatangani perjanjian bancassurance dengan bancassurance agreement with PT CIMB Niaga Auto
PT CIMB Niaga Auto Finance, PT Sompo Insurance Finance, PT Sompo Insurance Indonesia and Sompo
Indonesia dan Sompo Japan Nipponkoa Insurance Japan Nipponkoa Insurance Inc. to sell Sompo’s
Inc. untuk menjual produk asuransi Sompo melalui insurance products through the Bank distribution
jaringan distribusi Bank. Perjanjian kerjasama ini channel. The agreement valid up to 31 December
berlaku sampai dengan tanggal 31 Desember 2035. 2035.
Halaman – 5/262 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 912
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
59. NILAI TERCATAT INSTRUMEN KEUANGAN 59. THE CARRYING AMOUNT OF FINANCIAL
INSTRUMENTS
Berikut ini adalah nilai tercatat instrumen keuangan Bank The carrying amount of Bank CIMB Niaga and Subsidiaries
CIMB Niaga dan Entitas Anak pada tanggal financial instruments as at 31 December 2024, 2023 and
31 Desember 2024, 2023, dan 2022: 2022 were as follows:
2024 2023 2022
ASET KEUANGAN FINANCIAL ASSETS
Kas 3,650,137 3,928,446 5,439,398 Cash
Giro pada Bank Indonesia 9,990,709 13,180,254 8,985,257 Current accounts with Bank Indonesia
Giro pada bank lain - bersih 2,508,917 2,703,266 2,748,458 Current accounts with other banks - net
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia
Nominal - bersih 5,047,695 4,532,988 14,869,794 Nominal - net
Pendapatan bunga yang masih akan diterima 362 1,212 1,128 Accrued interest income
Jumlah tercatat 5,048,057 4,534,200 14,870,922 Carrying amount
Efek-efek Marketable securities
Nominal - bersih 23,455,294 9,363,933 5,809,665 Nominal - net
Pendapatan bunga yang masih akan diterima 59,760 75,353 46,439 Accrued interest income
Jumlah tercatat 23,515,054 9,439,286 5,856,104 Carrying amount
Obligasi pemerintah Government Bonds
Nominal - bersih 70,354,627 70,596,507 59,199,026 Nominal - net
Pendapatan bunga yang masih akan diterima 1,171,100 1,095,538 858,823 Accrued interest income
Jumlah tercatat 71,525,727 71,692,045 60,057,849 Carrying amount
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements
Nominal - bersih 1,612,832 5,159,387 510,307 Nominal - net
Pendapatan bunga yang masih akan diterima 4,197 204,933 1,035 Accrued interest income
Jumlah tercatat 1,617,029 5,364,320 511,342 Carrying amount
Tagihan derivatif - bersih 1,184,890 849,014 969,308 Derivative receivables - net
Kredit yang diberikan Loans
Nominal - bersih 207,498,810 194,010,843 177,605,340 Nominal - net
Pendapatan bunga yang masih akan diterima 1,792,291 2,037,162 2,016,343 Accrued interest income
Jumlah tercatat 209,291,101 196,048,005 179,621,683 Carrying amount
Piutang pembiayaan konsumen -
bersih 9,850,785 7,311,544 5,808,289 Consumer financing receivables - net
Tagihan akseptasi - bersih 2,751,967 1,093,453 2,086,763 Acceptance receivables - net
Penyertaan - bersih 23,143 3,659 3,659 Investments - net
Aset lain-lain - bersih 4,747,392 3,555,231 5,410,332 Other assets - net
Jumlah Aset Keuangan 345,704,908 319,702,723 292,369,364 Total Financial Assets
Halaman – 5/263 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 913
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
59. NILAI TERCATAT INSTRUMEN KEUANGAN (lanjutan) 59. THE CARRYING AMOUNT OF FINANCIAL
INSTRUMENTS (continued)
Berikut ini adalah nilai tercatat instrumen keuangan Bank The carrying amount of Bank CIMB Niaga and Subsidiaries
CIMB Niaga dan Entitas Anak pada tanggal financial instruments as at 31 December 2024, 2023, and
31 Desember 2024, 2023, dan 2022: (lanjutan) 2022 were as follows: (continued)
2024 2023 2022
LIABILITAS KEUANGAN FINANCIAL LIABILITIES
Liabilitas segera 4,473,871 3,581,921 3,705,094 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Nominal 260,639,027 235,861,670 227,188,557 Nominal
Bunga yang masih harus dibayar 207,269 228,314 168,199 Accrued interest
Jumlah tercatat 260,846,296 236,089,984 227,356,756 Carrying amount
Simpanan dari bank lain Deposits from other banks
Nominal 5,959,468 1,760,447 2,506,012 Nominal
Bunga yang masih harus dibayar 916 434 304 Accrued interest
Jumlah tercatat 5,960,384 1,760,881 2,506,316 Carrying amount
Efek-efek yang dijual dengan janji dibeli kembali Securities sold under repurchase agreement
Nominal 11,288,963 20,426,826 6,062,727 Nominal
Bunga yang masih harus dibayar 7,492 20,593 99 Accrued interest
Jumlah tercatat 11,296,455 20,447,419 6,062,826 Carrying amount
Liabilitas derivatif 906,630 540,051 701,179 Derivative payables
Liabilitas akseptasi 2,761,800 1,102,091 2,106,596 Acceptance payables
Efek-efek yang diterbitkan Marketable securities issued
Nominal 1,687,452 2,297,702 1,704,938 Nominal
Bunga yang masih harus dibayar 315 5,498 6,039 Accrued interest
Jumlah tercatat 1,687,767 2,303,200 1,710,977 Carrying amount
Pinjaman yang diterima Borrowings
Nominal 8,487,935 6,288,525 3,425,409 Nominal
Bunga yang masih harus dibayar 35,178 23,552 8,316 Accrued interest
Jumlah tercatat 8,523,113 6,312,077 3,433,725 Carrying amount
Pinjaman subordinasi Subordinated loans
Nominal 74,514 155,619 228,311 Nominal
Bunga yang masih harus dibayar 958 1,181 2,125 Accrued interest
Jumlah tercatat 75,472 156,800 230,436 Carrying amount
Beban yang masih harus dibayar Accruals expenses
dan liabilitas lain-lain 1,058,270 1,199,220 871,462 and other liabilities
Jumlah Liabilitas Keuangan 297,590,058 273,493,644 248,685,367 Total Financial Liabilities
Halaman – 5/264 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 914
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
60. SALING HAPUS 60. OFFSETTING
Pada tanggal 31 Desember 2024, 2023 dan 2022, tidak As at 31 December 2024, 2023, and 2022, there is no
terdapat aset dan liabilitas keuangan yang saling hapus financial assets and liabilities that are subject to offsetting
pada laporan posisi keuangan konsolidasian. in the consolidated statements of financial position.
Bank memiliki kredit yang diberikan yang dijamin dengan The Bank has loans collateralised by cash collateral
jaminan tunai (Catatan 12l), yang menjadi subyek untuk (Note 12l), which are subject to enforceable netting
memenuhi netting arrangements dan perjanjian serupa, arrangements and similar agreements that are not set off in
yang tidak saling hapus pada laporan posisi keuangan the consolidated statements of financial position.
konsolidasian.
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION NOT REQUIRED BY
DIPERSYARATKAN OLEH STANDAR AKUNTANSI FINANCIAL ACCOUNTING STANDARDS
KEUANGAN
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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan:
a. Giro pada Bank Indonesia a. Current accounts with Bank Indonesia
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, the
Giro Wajib Minimum (“GWM”) dalam mata uang Minimum Statutory Reserves (“GWM”) in Rupiah and
Rupiah dan Valuta Asing adalah: Foreign Currencies are:
2024 2023 2022
Konvensional Conventional
Rupiah Rupiah
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 3.26% 5.70% 3.03% Daily -
- Rata-rata 6.68% 8.97% 9.60% Average -
Penyangga Likuiditas Makroprudensial 34.59% 31.52% 26.24% Macroprudential Liquidity Buffer
Rasio Intermediasi Makroprudensial 78.39% 78.20% 77.13% Macroprudential Intermediation Ratio
Valuta Asing Foreign Currencies
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 4.04% 4.04% 4.14% Daily -
- Rata-rata 4.14% 4.09% 4.04% Average -
Unit Usaha Syariah Sharia Business Unit
Rupiah Rupiah
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 5.60% 4.37% 6.47% Daily -
- Rata-rata 4.50% 4.90% 6.38% Average -
Rasio Intermediasi Makroprudensial 113.19% 122.12% 117.42% Macroprudential Intermediation Ratio
Valuta Asing Foreign Currencies
Giro Wajib Minimum 1.08% 1.07% 1.31% Minimum Statutory Reserve
Halaman – 5/265 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 915
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 62. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS (continued)
KEUANGAN (lanjutan)
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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
a. Giro pada Bank Indonesia a. Current accounts with Bank Indonesia
GWM adalah jumlah dana minimum yang wajib Minimum Statutory Reserve is a minimum reserve that
dipelihara oleh Bank dalam bentuk saldo rekening should be maintained by Bank in the current accounts
giro pada Bank Indonesia, sedangkan Penyangga with Bank Indonesia, while Macroprudential Liquidity
Likuiditas Makroprudensial (“PLM”) adalah cadangan Buffer (“PLM”) is a minimum reserve in Rupiah that
likuiditas minimum dalam Rupiah yang wajib should be maintained by Bank which comprises of
dipelihara oleh Bank berupa Sertifikat Bank Bank Indonesia Certificates (“SBI”), Bank Indonesia
Indonesia (“SBI”), Sertifikat Deposito Bank Indonesia Certificates Deposits (“SDBI”), Government Debenture
(“SDBI”), Surat Utang Negara (“SUN”), Surat Debt (“SUN”), Government Commercial Notes
Berharga Negara (“SBN”), dan/atau Sekuritas (“SBN”), and/or Bank Indonesia Rupiah Securities
Rupiah Bank Indonesia (“SRBI”). Giro RIM (atau (“SRBI”). Macroprudential Intermediation Ratio (“RIM”)
dahulu disebut dengan GWM Loan to Funding Ratio (or previously known as Loan to Funding Ratio
(“LFR”) adalah tambahan simpanan minimum yang Minimum Statutory Reserve - LFR) is the additional
wajib dipelihara oleh Bank dalam bentuk saldo reserve that should be maintained by the Bank in the
rekening giro pada Bank Indonesia. form of current accounts with Bank Indonesia.
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, Bank CIMB
GWM Bank CIMB Niaga baik untuk yang Niaga's Minimum Statutory Reserves for both
Konvensional maupun Unit Usaha Syariah dan untuk Conventional and Sharia Business Units and for
Rupiah maupun Valuta Asing masing-masing telah Rupiah and Foreign Exchange have complied and
memenuhi dan dihitung sesuai dengan ketentuan have been calculated in accordance with the
dalam Peraturan Bank Indonesia dan Peraturan provisions of Bank Indonesia Regulations and the
Anggota Dewan Gubernur Bank Indonesia. Regulations of Members of the Board of Governors of
Bank Indonesia.
Peraturan Bank Indonesia yang dimaksud adalah The Bank Indonesia Regulation referred to is Bank
Peraturan Bank Indonesia No. 20/3/PBI/2018 Indonesia Regulation No. 20/3/PBI/2018 concerning
tentang Giro Wajib Minimum Dalam Rupiah dan Minimum Statutory Reserves in Rupiah and Foreign
Valuta Asing Bagi Bank Umum Konvensional, Bank Exchange for Conventional Commercial Banks,
Umum Syariah, dan Unit Usaha Syariah yang efektif Islamic Commercial Banks, and Sharia Business Units
pada tanggal 16 Juli 2018 yang telah mengalami effective on 16 July 2018 where the regulation has
beberapa kali perubahan dengan perubahan terakhir undergone several amendments, the latest
tertuang dalam Peraturan Bank Indonesia No. amendment is contained in the Bank Indonesia
24/04/PBI/2022 yang efektif pada tanggal 1 Maret Regulation No. 24/04/PBI/2022 effective on 1 March
2022. 2022.
Halaman – 5/266 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 916
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS (continued)
KEUANGAN (lanjutan)
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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia (continued)
Peraturan Anggota Dewan Gubernur Bank Indonesia The Regulation of Members of the Board of Governors
yang dimaksud adalah Peraturan Anggota Dewan of Bank Indonesia referred to the Regulation of
Gubernur Bank Indonesia No. 24/8/PADG/2022 Members of the Board of Governors of Bank Indonesia
tentang Giro Wajib Minimum Dalam Rupiah dan No.24/8/PADG/2022 concerning Minimum Statutory
Valuta Asing Bagi Bank Umum Konvensional, Bank Reserves in Rupiah and Foreign Exchange for
Umum Syariah, dan Unit Usaha Syariah yang efektif Conventional Commercial Banks, Sharia Commercial
pada tanggal 1 Juli 2022 yang telah mengalami Banks, and Sharia Business Units effective on 1 July
beberapa kali perubahan dengan perubahan terakhir 2022 where the regulation has undergone several
tertuang dalam Peraturan Anggota Dewan Gubernur amendments, the latest amendment is contained in the
Nomor 12 Tahun 2023 yang berlaku efektif pada Regulation of Members of the Board of Governors of
tanggal 1 Oktober 2023. Berdasarkan peraturan- Bank Indonesia Number 12 Year 2023 which effective
peraturan tersebut, GWM yang harus dipenuhi on 1 October 2023. Based on these regulations, the
adalah sebagai berikut: Statutory Reserves that must be met were as follows:
2024 2023 2022
Konvensional Conventional
Rupiah Rupiah
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 0.00% 0.00% 0.00% Daily -
- Rata-rata 9.00% 9.00% 9.00% Average -
Valuta Asing Foreign Currencies
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 2.00% 2.00% 2.00% Daily -
- Rata-rata 2.00% 2.00% 2.00% Average -
Unit Usaha Syariah Sharia Business Unit
Rupiah Rupiah
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 0.00% 0.00% 0.00% Daily -
- Rata-rata 7.50% 7.50% 7.50% Average -
Valuta Asing Foreign Currencies
Giro Wajib Minimum 1.00% 1.00% 1.00% Minimum Statutory Reserve
Halaman – 5/267 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 917
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS (continued)
KEUANGAN (lanjutan)
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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia (continued)
Pada tanggal 31 Desember 2024, Bank CIMB Niaga As at 31 December 2024, Bank CIMB Niaga
Konvensional mendapatkan insentif dari Bank Conventional received an incentive from Bank
Indonesia sebesar 3,30% (2023: 1,00%; 2022: nihil) Indonesia of 3.30% (2023: 1.00%; 2022: nil) because
karena telah menyalurkan kredit kepada sektor it has disbursed loan to priority sectors in accordance
prioritas sesuai dengan PBI No. 24/5/PBI/2022 with PBI No. 24/5/PBI/2022 concerning Incentives for
tentang Insentif Bagi Bank yang Memberikan Banks Providing Funds for Certain and Inclusive
Penyediaan Dana untuk Kegiatan Ekonomi Tertentu Economic Activities. The incentive is valid from
dan Inklusif. Insentif tersebut berlaku untuk periode 1 December 2024 to 31 December 2024 (2023:
1 Desember 2024 sampai 31 Desember 2024 (2023: 1 December 2023 to 29 February 2024), so that the
1 Desember 2023 sampai 29 Februari 2024), Average Minimum Statutory Reserves for
sehingga GWM Rata-Rata konvensional Bank CIMB conventional of Bank CIMB Niaga which originally had
Niaga yang semula harus memenuhi GWM Rata- to meet the Average Minimum Statutory Reserves of
Rata sebesar 9,00% berubah menjadi 5,70% (2023: 9.00% changed to 5.70% (2023: 8.00%; 2022: nil).
8,00%; 2022: nihil).
Pada tanggal 31 Desember 2024, Unit Usaha As at 31 December 2024, the Sharia Business Unit of
Syariah Bank CIMB Niaga mendapatkan insentif dari Bank CIMB Niaga received an incentive from Bank
Bank Indonesia sebesar 3,20% (2023: 2,70%; 2022: Indonesia of 3.20% (2023: 2.70%; 2022: 1.30%)
1,30%) karena telah menyalurkan kredit kepada because it has disbursed loan to priority sectors in
sektor prioritas sesuai dengan PBI No. 24/5/PBI/2022 accordance with PBI No. 24/5/PBI/2022 concerning
tentang Insentif Bagi Bank yang Memberikan Incentives for Banks Providing Funds for Certain and
Penyediaan Dana untuk Kegiatan Ekonomi Tertentu Inclusive Economic Activities. The incentive is valid
dan Inklusif. Insentif tersebut berlaku untuk periode 1 from 1 December 2024 to 31 December 2024 (2023:
Desember 2024 sampai 31 Desember 2024 (2023: 1 1 December 2023 to 29 February 2024; 1 December
Desember 2023 sampai 29 Februari 2024; 2022: 1 2022 to 28 February 2023), so that the Average
Desember 2022 sampai 28 Februari 2023), sehingga Minimum Statutory Reserves for Sharia Business
GWM Rata-Rata Unit Usaha Syariah Bank CIMB Units of Bank CIMB Niaga which originally had to meet
Niaga yang semula harus memenuhi GWM Rata- the Average Minimum Statutory Reserves of 7.50%
Rata sebesar 7,50% berubah menjadi 4,30% (2023: changed to 4.30% (2023: 4.80%; 2022: 6.20%).
4,80%; 2022: 6,20%).
Halaman – 5/268 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 918
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS (continued)
KEUANGAN (lanjutan)
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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia (continued)
Pada tanggal 31 Desember 2024, 2023 dan 2022, As at 31 December 2024, 2023, and 2022, Bank CIMB
PLM dan RIM Bank CIMB Niaga telah dihitung sesuai Niaga's PLM and RIM have been calculated in
dengan ketentuan dalam Peraturan Bank Indonesia accordance with the provisions of Bank Indonesia
No. 20/4/PBI/2018 tentang Rasio Intermediasi Regulation No. 20/4/PBI/2018 concerning
Makroprudensial & Penyangga Likuiditas Macroprudential Intermediation Ratios &
Makroprudensial bagi Bank Umum Konvensional, Macroprudential Liquidity Buffers for Conventional
Bank Umum Syariah, dan Unit Usaha Syariah yang Commercial Banks, Sharia Commercial Banks, and
efektif tanggal 3 April 2018 dimana peraturan tersebut Sharia Business Units effective on 3 April 2018 where
telah mengalami beberapa kali perubahan dengan the regulation has undergone several changes, the
perubahan terakhir tertuang dalam Peraturan Bank latest amendment is contained in Bank Indonesia
Indonesia No. 24/16/PBI/2022 yang efektif tanggal 31 Regulations No. 24/16/PBI/2022 effective on 31
Oktober 2022, dan juga Peraturan Anggota Dewan October 2022, and also Regulation of Members of the
Gubernur Bank Indonesia No. 21/22/PADG/2019 Board of Governors of Bank Indonesia No.
tentang Rasio Intermediasi Makroprudensial dan 21/22/PADG/2019 concerning Macroprudential
Penyangga Likuiditas Makroprudensial Bagi Bank Intermediation Ratios and Macroprudential Liquidity
Umum Konvensional, Bank Umum Syariah, dan Unit Buffers for Conventional Commercial Banks, Sharia
Usaha Syariah yang efektif tanggal 28 November Commercial Banks, and Sharia Business Units
2019 dimana peraturan tersebut telah mengalami effective on 28 November 2019 where the regulation
beberapa kali perubahan dengan perubahan terakhir has undergone several changes, the latest
tertuang dalam Peraturan Anggota Dewan Gubernur amendment is contained in the Regulations of
Bank Indonesia No. 10 Tahun 2023 yang efektif Member of the Board of Governors of Bank Indonesia
tanggal 15 September 2023. No. 10 Year 2023 which effective on 15 September
2023.
Berdasarkan peraturan-peraturan tersebut, PLM Based on these regulations, the PLM that must be
yang harus dipenuhi adalah sebesar 6% untuk posisi fulfilled is 6% for the position as at 31 December 2024,
31 Desember 2024, 2023, dan 2022. Untuk RIM, 2023 and 2022. For RIM, as of 31 December 2024,
pada tanggal 31 Desember 2024, 2023, dan 2022, 2023, and 2022, the lower limit is 84% and the upper
batas bawah adalah sebesar 84% dan batas atas limit is 94% with Capital Adequacy Ratio (“CAR”)
adalah sebesar 94% dengan Kewajiban Penyediaan Incentive of 14%.
Modal Minimum (“KPMM”) Insentif sebesar 14%.
Pada tanggal 31 Desember 2024, RIM Bank CIMB As at 31 December 2024, Bank CIMB Niaga
Niaga Konvensional sebesar 78,39% (2023: 78,20%; Conventional’s RIM was 78.39% (2023: 78.20%;
2022: 77,13%) dimana berada dibawah batas bawah 2022: 77.13%) which was below the lower limit and
dan RIM Unit Usaha Syariah Bank CIMB Niaga Bank CIMB Niaga Syariah Business Unit’s RIM was
sebesar 113,19% (2023: 122,12%; 2022: 117,42%) 113.19% (2023: 122.12%; 2022: 117.42%) which was
dimana berada diatas batas atas. Atas hal tersebut, above the upper limit. For this matter, in accordance
sesuai dengan peraturan yang berlaku, Bank CIMB with applicable regulations, Bank CIMB Niaga is
Niaga diwajibkan untuk menambah Giro RIM ke Bank required to increase RIM Reserve with Bank Indonesia
Indonesia yang merupakan bagian dari GWM. which is part of the Statutory Reserves. The addition
Penambahan Giro RIM tersebut telah dipenuhi oleh of the RIM Reserve has been fulfilled by Bank CIMB
Bank CIMB Niaga. Niaga.
Halaman – 5/269 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 919
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS (continued)
KEUANGAN (lanjutan)
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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
b. Giro pada bank lain b. Current accounts with other banks
Berdasarkan kolektibilitas dan tahapan By collectability and staging
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, all current
seluruh giro pada bank lain digolongkan sebagai accounts with other banks were classified as pass and
lancar dan tahap 1. stage 1.
c. Penempatan pada bank lain dan Bank Indonesia c. Placement with other banks and Bank Indonesia
Berdasarkan kolektibilitas By collectability
2024 2023 2022
Lancar 5,047,695 4,532,991 14,869,794 Pass
Macet - 8,711 8,808 Loss
5,047,695 4,541,702 14,878,602
Dikurangi: Less:
Cadangan kerugian penurunan nilai - (8,714) (8,808) Allowance for impairment losses
5,047,695 4,532,988 14,869,794
2024 2023 2022
Konvensional Conventional
Lancar 3,047,403 2,682,182 8,868,211 Pass
Macet - 8,711 8,808 Loss
3,047,403 2,690,893 8,877,019
Syariah Sharia
Lancar 2,000,292 1,850,809 6,001,583 Pass
5,047,695 4,541,702 14,878,602
Dikurangi: Less:
Cadangan kerugian penurunan nilai - (8,714) (8,808) Allowance for impairment losses
5,047,695 4,532,988 14,869,794
d. Efek-efek d. Marketable securities
Berdasarkan kolektibilitas By collectability
2024 2023 2022
Lancar 23,456,134 9,388,093 5,813,093 Pass
Macet - 15,000 15,000 Loss
23,456,134 9,403,093 5,828,093
Dikurangi: Cadangan kerugian penurunan nilai (840) (39,160) (18,428) Less: Allowance for impairment losses
23,455,294 9,363,933 5,809,665
e. Efek-efek yang dibeli dengan janji dijual kembali e. Securities purchased under resale agreements
Pada tanggal 31 Desember 2024, 2023, dan 2022, As at 31 December 2024, 2023, and 2022, all
seluruh efek-efek yang dibeli dengan janji dijual securities purchased under resale agreements were
kembali digolongkan sebagai lancar. classified as pass.
Halaman – 5/270 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 920
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
f. Tagihan dan liabilitas derivatif f. Derivative receivables and payables
Berdasarkan kolektibilitas By collectability
Pada tanggal 31 Desember 2024, 2023 dan 2022, As at 31 December 2024, 2023, and 2022,
seluruh tagihan derivatif digolongkan sebagai lancar. all derivative receivables were classified as pass.
g. Kredit yang diberikan g. Loans
Berdasarkan jenis, mata uang, dan kualitas kredit By type, currency, and loans quality
Kualitas kredit yang diberikan berdasarkan Loans quality based on collectability according to OJK
kolektibilitas sesuai ketentuan OJK: regulation collectability:
2024
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 141,636 - - - - 141,636 Consumer
Sub jumlah 141,636 - - - - 141,636 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,449 - - - - 1,449 Consumer
Sub jumlah 1,449 - - - - 1,449 Sub Total
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 61,216,253 3,699,581 482,546 393,871 753,338 66,545,589 Consumer
Modal Kerja 69,674,897 926,790 60,473 123,517 1,496,976 72,282,653 Working capital
Investasi 41,815,729 748,616 3,953 20,867 560,335 43,149,500 Investment
Sub jumlah 172,706,879 5,374,987 546,972 538,255 2,810,649 181,977,742 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 93,935 - - - - 93,935 Consumer
Modal Kerja 21,315,029 2,963,862 - - - 24,278,891 Working capital
Investasi 10,922,218 31,444 - - - 10,953,662 Investment
Sub jumlah 32,331,182 2,995,306 - - - 35,326,488 Sub Total
Dolar Singapura Singapore Dollar
Modal Kerja 35,223 2,474 - - - 37,697 Working capital
Sub jumlah 35,223 2,474 - - - 37,697 Sub Total
Euro Euro
Modal Kerja 89,890 - - - - 89,890 Working capital
Sub jumlah 89,890 - - - - 89,890 Sub Total
Yuan Cina Chinese Yuan
Modal Kerja 106,115 - - - - 106,115 Working capital
Sub jumlah 106,115 - - - - 106,115 Sub Total
Dolar Australia Australian Dollar
Modal Kerja 268,919 - - - - 268,919 Working capital
Sub jumlah 268,919 - - - - 268,919 Sub Total
Jumlah 205,681,293 8,372,767 546,972 538,255 2,810,649 217,949,936 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (10,451,126) impairment losses
Jumlah - bersih 207,498,810 Total - net
Halaman – 5/271 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 921
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
g. Kredit yang diberikan (lanjutan) g. Loans (continued)
Berdasarkan jenis, mata uang, dan kualitas kredit By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan Loans quality based on collectability according to OJK
kolektibilitas sesuai ketentuan OJK: (lanjutan) regulation collectability: (continued)
2023
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 169,371 - - - - 169,371 Consumer
Sub jumlah 169,371 - - - - 169,371 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,386 - - - - 1,386 Consumer
Sub jumlah 1,386 - - - - 1,386 Sub Total
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 60,185,165 3,863,541 313,204 312,000 562,938 65,236,848 Consumer
Modal Kerja 62,205,956 1,154,631 134,846 80,942 1,991,970 65,568,345 Working capital
Investasi 43,191,590 1,909,601 6,774 322,703 218,269 45,648,937 Investment
Sub jumlah 165,582,711 6,927,773 454,824 715,645 2,773,177 176,454,130 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 105,241 - - - - 105,241 Consumer
Modal Kerja 21,470,118 3,073,899 - - 133,657 24,677,674 Working capital
Investasi 4,258,484 86,550 - - - 4,345,034 Investment
Sub jumlah 25,833,843 3,160,449 - - 133,657 29,127,949 Sub Total
Dolar Singapura Singapore Dollar
Modal Kerja 51,051 - - - - 51,051 Working capital
Investasi 1,150 - - - - 1,150 Investment
Sub jumlah 52,201 - - - - 52,201 Sub Total
Euro Euro
Konsumsi Consumer
Modal Kerja 21,198 - - - - 21,198 Working capital
Sub jumlah 21,198 - - - - 21,198 Sub Total
Yuan China Chinese Yuan
Modal Kerja 6,820 - - - - 6,820 Working capital
Sub jumlah 6,820 - - - - 6,820 Sub Total
Dolar Australia Australian Dollar
Modal Kerja 83,495 - - - - 83,495 Working capital
Sub jumlah 83,495 - - - - 83,495 Sub Total
Jumlah 191,751,025 10,088,222 454,824 715,645 2,906,834 205,916,550 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) impairment losses
Jumlah - bersih 194,010,843 Total - net
Halaman – 5/272 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 922
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
g. Kredit yang diberikan (lanjutan) g. Loans (continued)
Berdasarkan jenis, mata uang, dan kualitas kredit By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan Loans quality based on collectability according to OJK
kolektibilitas sesuai ketentuan OJK: (lanjutan) regulation collectability: (continued)
2022
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 184,894 - - - - 184,894 Consumer
Sub jumlah 184,894 - - - - 184,894 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,401 - - - - 1,401 Consumer
Sub jumlah 1,401 - - - - 1,401 Sub Total
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 57,394,630 3,882,290 254,759 332,294 682,762 62,546,735 Consumer
Modal Kerja 54,431,165 1,611,890 459,045 282,088 2,783,305 59,567,493 Working capital
Investasi 41,912,134 1,555,146 5,749 4,206 238,799 43,716,034 Investment
Sub jumlah 153,737,929 7,049,326 719,553 618,588 3,704,866 165,830,262 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 56,629 - - - - 56,629 Consumer
Modal Kerja 17,630,268 3,518,501 - - 148,728 21,297,497 Working capital
Investasi 2,936,703 43,644 - - 193,796 3,174,143 Investment
Sub jumlah 20,623,600 3,562,145 - - 342,524 24,528,269 Sub Total
Dolar Singapura Singapore Dollar
Modal Kerja 53,521 - - - - 53,521 Working capital
Sub jumlah 53,521 - - - - 53,521 Sub Total
Yuan China Chinese Yuan
Modal Kerja 53,497 - - - - 53,497 Working capital
Sub jumlah 53,497 - - - - 53,497 Sub Total
Dolar Australia Australian Dollar
Modal Kerja 40,346 - - - - 40,346 Working capital
Sub jumlah 40,346 - - - - 40,346 Sub Total
Jumlah 174,695,188 10,611,471 719,553 618,588 4,047,390 190,692,190 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,086,850) impairment losses
Jumlah - bersih 177,605,340 Total - net
Halaman – 5/273 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 923
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
g. Kredit yang diberikan (lanjutan) g. Loans (continued)
Berdasarkan sektor ekonomi By economic sector
Rasio kredit yang mengalami penurunan nilai bruto Gross and net impaired loan ratios as at
dan neto pada tanggal 31 Desember 2024 masing- 31 December 2024 are 4.20% and 0.61%, respectively
masing adalah sebesar 4,20% dan 0,61% (2023: 5.29% and 1.01%; 2022: 7.26% and 2.04%).
(2023: 5,29% dan 1,01%; 2022: 7,26% dan 2,04%). Gross impaired loan ratio is calculated by dividing total
Rasio kredit yang mengalami penurunan nilai bruto impaired loans with total loans. Net impaired loan ratio
dihitung dengan membagi jumlah kredit yang is calculated by deducting total impaired loans with
diberikan yang mengalami penurunan nilai dengan allowance for impairment losses on impaired loans
jumlah kredit yang diberikan. and dividing with total loans.
Kualitas kredit yang diberikan berdasarkan sektor Loans quality based on economic sector and
ekonomi dan kolektibilitas sesuai ketentuan OJK: collectability according to OJK regulation:
2024
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Rupiah Rupiah
Perindustrian 24,369,156 343,643 25,148 45,728 285,471 25,069,146 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 29,299,229 408,377 37,761 91,696 1,025,941 30,863,004 hotels, and administration
Pertanian 7,633,403 - - - 74,609 7,708,012 Agriculture
Jasa usaha 25,018,146 152,520 - - 476,987 25,647,653 Business services
Konstruksi 6,570,567 712,801 - - 104,456 7,387,824 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 10,084,787 45,063 1,023 6,960 48,055 10,185,888 and communication
Jasa pelayanan sosial 1,862,084 8,635 494 - 11,232 1,882,445 Social services
Pertambangan 1,746,268 - - - 15,013 1,761,281 Mining
Listrik, gas, dan air 4,906,986 4,367 - - 15,547 4,926,900 Electricity, gas, and water
Perumahan 34,686,896 2,228,872 234,032 163,584 619,643 37,933,027 Housing
Konsumsi 26,670,993 1,470,709 248,514 230,287 133,695 28,754,198 Consumer
Sub jumlah 172,848,515 5,374,987 546,972 538,255 2,810,649 182,119,378 Sub Total
Mata uang asing Foreign currencies
Perindustrian 12,809,696 2,965,029 - - - 15,774,725 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 3,586,869 31,444 - - - 3,618,313 hotels, and administration
Pertanian 5,912,805 - - - - 5,912,805 Agriculture
Jasa usaha 1,992,522 - - - - 1,992,522 Business services
Konstruksi 1,192 - - - - 1,192 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 2,287,478 1,307 - - - 2,288,785 and communication
Pertambangan 5,618,715 - - - - 5,618,715 Mining
Listrik, gas, dan air 528,117 - - - - 528,117 Electricity, gas, and water
Konsumsi 95,384 - - - - 95,384 Consumer
Sub jumlah 32,832,778 2,997,780 - - - 35,830,558 Sub Total
Jumlah 205,681,293 8,372,767 546,972 538,255 2,810,649 217,949,936 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (10,451,126) impairment losses
Jumlah - bersih 207,498,810 Total - net
Halaman – 5/274 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 924
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
g. Kredit yang diberikan (lanjutan) g. Loans (continued)
Berdasarkan sektor ekonomi (lanjutan) By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality based on economic sector and
ekonomi dan kolektibilitas sesuai ketentuan OJK: collectability according to OJK regulation: (continued)
(lanjutan)
2023
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Rupiah Rupiah
Perindustrian 23,639,342 432,738 77,614 5,448 715,993 24,871,135 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 27,766,817 691,643 54,742 61,300 1,104,617 29,679,119 hotels, and administration
Pertanian 8,142,299 46,933 - - 87,270 8,276,502 Agriculture
Jasa usaha 19,526,051 198,413 - 327,761 118,725 20,170,950 Business services
Konstruksi 7,588,192 734,231 9,264 1,700 113,140 8,446,527 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 11,702,604 27,938 - - 39,933 11,770,475 and communication
Jasa pelayanan sosial 1,040,137 913,673 - 7,436 - 1,961,246 Social services
Pertambangan 813,228 - - - 15,013 828,241 Mining
Listrik, gas, dan air 5,178,876 18,663 - - 15,548 5,213,087 Electricity, gas, and water
Perumahan 35,534,795 2,569,981 179,043 123,534 482,211 38,889,564 Housing
Konsumsi 24,819,741 1,293,560 134,161 188,466 80,727 26,516,655 Consumer
Sub jumlah 165,752,082 6,927,773 454,824 715,645 2,773,177 176,623,501 Sub Total
Mata uang asing Foreign currencies
Perindustrian 10,512,877 2,847,712 - - 133,657 13,494,246 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 2,845,039 312,737 - - - 3,157,776 hotels, and administration
Pertanian 3,703,542 - - - - 3,703,542 Agriculture
Jasa usaha 4,081,132 - - - - 4,081,132 Business services
Konstruksi 998 - - - - 998 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 1,796,124 - - - - 1,796,124 and communication
Pertambangan 2,216,952 - - - - 2,216,952 Mining
Listrik, gas, dan air 735,652 - - - - 735,652 Electricity, gas, and water
Konsumsi 106,627 - - - - 106,627 Consumer
Sub jumlah 25,998,943 3,160,449 - - 133,657 29,293,049 Sub Total
Jumlah 191,751,025 10,088,222 454,824 715,645 2,906,834 205,916,550 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) impairment losses
Jumlah - bersih 194,010,843 Total - net
Halaman – 5/275 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 925
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
g. Kredit yang diberikan (lanjutan) g. Loans (continued)
Berdasarkan sektor ekonomi (lanjutan) By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality based on economic sector and
ekonomi dan kolektibilitas sesuai ketentuan OJK: collectability according to OJK regulation: (continued)
(lanjutan)
2022
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Rupiah Rupiah
Perindustrian 23,019,789 659,711 126,932 35,892 800,157 24,642,481 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 24,614,829 928,859 322,254 155,247 1,597,630 27,618,819 hotels, and administration
Pertanian 7,921,949 63,001 - - 103,530 8,088,480 Agriculture
Jasa usaha 14,264,094 536,455 11,606 16,500 393,344 15,221,999 Business services
Konstruksi 9,989,782 31,238 - 78,655 56,426 10,156,101 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 10,867,116 27,830 3,999 - 40,689 10,939,634 and communication
Jasa pelayanan sosial 1,027,679 902,250 3 - 5,933 1,935,865 Social services
Pertambangan 272,393 - - - 16,526 288,919 Mining
Listrik, gas, dan air 4,365,668 17,692 - - 7,869 4,391,229 Electricity, gas, and water
Perumahan 34,830,935 2,630,341 122,290 157,889 566,769 38,308,224 Housing
Konsumsi 22,748,589 1,251,949 132,469 174,405 115,993 24,423,405 Consumer
Sub jumlah 153,922,823 7,049,326 719,553 618,588 3,704,866 166,015,156 Sub Total
Mata uang asing Foreign currencies
Perindustrian 9,764,113 3,301,371 - - 233,687 13,299,171 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 2,896,034 260,774 - - 96,544 3,253,352 hotels, and administration
Pertanian 3,096,771 - - - - 3,096,771 Agriculture
Jasa usaha 1,964,362 - - - - 1,964,362 Business services
Konstruksi 3,367 - - - 12,293 15,660 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 511,613 - - - - 511,613 and communication
Pertambangan 2,121,871 - - - - 2,121,871 Mining
Listrik, gas, dan air 356,204 - - - - 356,204 Electricity, gas, and water
Konsumsi 58,030 - - - - 58,030 Consumer
Sub jumlah 20,772,365 3,562,145 - - 342,524 24,677,034 Sub Total
Jumlah 174,695,188 10,611,471 719,553 618,588 4,047,390 190,692,190 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,086,850) impairment losses
Jumlah - bersih 177,605,340 Total - net
Rasio kredit bermasalah (“NPL”) dihitung sesuai Non-performing loans (“NPL”) is determined based
dengan pedoman perhitungan rasio keuangan on financial ratio calculation guidance as stated in
sebagaimana tercantum dalam Surat Edaran Otoritas Financial Services Authority (“FSA”) circular letter
Jasa Keuangan No.09/SEOJK.03/2020 tanggal No.09/SEOJK.03/2020 dated 30 June 2020
30 Juni 2020 perihal "Transparansi dan Publikasi concerning "Transparency and Publication of
Laporan Bank Umum Konvensional”. Conventional Commercial Bank Reports".
Pada tanggal 31 Desember 2024, rasio NPL bruto dan As at 31 December 2024, the percentage on
neto konsolidasian (termasuk Ijarah) masing-masing consolidated basis of gross and net NPL (included
adalah sebesar 1,76% dan 0,69% (2023: 1,96% dan Ijarah) is 1.76% and 0.69%, respectively
0,71%; 2022: 2,80% dan 0,75%). Rasio NPL bruto (2023: 1.96% and 0.71%; 2022: 2.80% and 0.75%).
dihitung dengan membagi jumlah pinjaman dalam Gross NPL ratio is calculated by dividing total loans
klasifikasi kurang lancar, diragukan, dan macet that classified as sub-standard, doubtful, and loss
dengan jumlah pinjaman, tidak termasuk kredit with total loans, excludes loans to other banks.
kepada bank lain.
Halaman – 5/276 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 926
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
g. Kredit yang diberikan (lanjutan) g. Loans (continued)
Berdasarkan sektor ekonomi (lanjutan) By economic sector (continued)
Rasio NPL neto dihitung dengan mengurangi jumlah Net NPL ratio is calculated by deducting total loans
pinjaman dalam klasifikasi kurang lancar, diragukan, that classified as sub-standard, doubtful, and loss with
dan macet dengan jumlah cadangan kerugian total allowance of impairment loans and divided by
penurunan nilai dan dibagi dengan jumlah pinjaman, total loans, excludes loans to bank. Gross and net NPL
tidak termasuk kredit kepada bank lain. Rasio NPL ratio is disclosed as consolidated including the
bruto dan neto disajikan secara konsolidasi termasuk consumer financing receivables.
piutang pembiayaan konsumen.
Kredit yang direstrukturisasi Restructured loans
Selama tahun yang berakhir 31 Desember 2024, For the year ended 31 December 2024, 2023 and
2023 dan 2022, jumlah tambahan kredit yang 2022, total addition of restructured loans based on
direstrukturisasi berdasarkan kolektibilitas adalah: collectability were as follows:
2024
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Modal Kerja 6,068 4,870 - 36,226 8,210 55,374 Working Capital
Investasi 21,136 14,090 - - 327,958 363,184 Investment
Konsumsi 31,032 85,839 61,017 12,085 7,608 197,581 Consumer
58,236 104,799 61,017 48,311 343,776 616,139
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (401,374) impairment losses
214,765
2023
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Modal Kerja 54,203 - - 10,483 407,050 471,736 Working Capital
Investasi 9,427 213,517 - - 37,885 260,829 Investment
Konsumsi 40,131 77,847 11,800 11,906 1,414 143,098 Consumer
103,761 291,364 11,800 22,389 446,349 875,663
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (769,646) impairment losses
106,017
2022
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Modal Kerja 445,978 90,232 79,368 23,240 93,708 732,526 Working Capital
Investasi 329,300 30,127 - - 97,252 456,679 Investment
Konsumsi 48,022 100,759 20,374 22,423 521 192,099 Consumer
823,300 221,118 99,742 45,663 191,481 1,381,304
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (942,587) impairment losses
438,717
Halaman – 5/277 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 927
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
g. Kredit yang diberikan (lanjutan) g. Loans (continued)
Kredit yang direstrukturisasi (lanjutan) Restructured loans (continued)
Kredit yang direstrukturisasi meliputi antara lain Restructured loans include loans principal and interest
penjadwalan ulang pembayaran pokok kredit dan rescheduling, overdue interest exemption and
bunga, pembebasan tunggakan bunga dan additional of loan facilities.
penambahan fasilitas kredit.
Tidak ada kredit yang direstrukturisasi yang termasuk There were no restructured loans to related parties.
dalam kredit yang diberikan kepada pihak berelasi.
Jumlah kredit yang diberikan yang telah The amount of loans that have been restructured as a
direstrukturisasi akibat dari pandemi COVID-19 pada result of the COVID-19 pandemic as at 31 December
tanggal 31 Desember 2024 adalah sebesar 2024 was Rp 6,697,665 (2023: Rp 10,737,056; 2022:
Rp 6.697.665 (2023: Rp 10.737.056; 2022: Rp 14,671,567).
Rp 14.671.567).
Kredit Usaha Kecil, Mikro, dan Menengah (UMKM) Micro, Small, and Medium Enterprises (MSME)
Loans
Jumlah kredit UMKM pada tanggal 31 Desember As at 31 December 2024, the outstanding balance of
2024 adalah sebesar Rp 26.980.870 (2023: MSME loans is Rp 26,980,870 (2023: Rp 22,753,513;
Rp 22.753.513; 2022: Rp 21.382.687). Rasio kredit 2022: Rp 21,382,687). As at 31 December 2024, ratio
UMKM terhadap jumlah kredit yang diberikan of MSME loans to total consolidated loan is 12.38%
konsolidasian pada tanggal 31 Desember 2024 (2023: 11.05%; 2022: 11.21%). These ratios are
sebesar 12,38% (2023: 11,05%; 2022: 11,21%), calculated according to Bank Indonesia Regulation
dimana rasio ini dihitung berdasarkan ketentuan No. 23/13/PBI/2021 which has been amended with
Peraturan Bank Indonesia No. 23/13/PBI/2021 yang PBI No. 24/3/PBI/2022 concerning Macroprudential
telah direvisi melalui PBI No. 24/3/PBI/2022 tentang Inclusive Financing Ratio for Conventional
Rasio Pembiayaan Inklusif Makroprudensial bagi Commercial Banks, Sharia Commercial Banks, and
Bank Umum Konvensional, Bank Umum Syariah, dan Sharia Business Units.
Unit Usaha Syariah.
Halaman – 5/278 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 928
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
g. Kredit yang diberikan (lanjutan) g. Loans (continued)
Informasi pokok lainnya sehubungan dengan Other significant information relating to loans
kredit yang diberikan
Pada tanggal 26 Desember 2018, OJK mengeluarkan On 26 December 2018, OJK issued regulation
ketentuan No.32/POJK.03/2018 tentang “Batas No. 32/POJK.03/2018 regarding “Legal Lending Limit
Maksimum Pemberian Kredit dan Penyediaan Dana (“LLL”) and Large Exposure for Commercial Bank”
Besar bagi Bank Umum” (‘BMPK”) yang berlaku which effective since 1 June 2019 which has been
efektif sejak 1 Juni 2019 yang telah diperbaharui updated with OJK regulation No. 38/POJK.03/2019
dengan POJK No. 38/POJK.03/2019 yang berlaku which effective since 1 January 2020. This regulation
mulai tanggal 1 Januari 2020. Peraturan tersebut requires the maximum lending limit to one and/or
menetapkan batas maksimum penyediaan dana group of non-related party debtor which not exceed to
kepada satu peminjam dan/atau kelompok peminjam 25% of the Bank’s core capital. As at
yang bukan merupakan pihak berelasi tidak melebihi 31 December 2024, 2023, and 2022, there was no
25% dari modal inti Bank. Pada tanggal breach and violation of the LLL requirements for both
31 Desember 2024, 2023, dan 2022, tidak terdapat related parties and third parties.
pelampauan dan pelanggaran atas BMPK baik
kepada pihak berelasi dan pihak ketiga.
h. Piutang pembiayaan konsumen h. Consumer financing receivables
Berikut piutang pembiayaan konsumen – bersih Below are the net consumer financing receivables
berdasarkan kolektibilitas: based on the collectability:
2024 2023 2022
Lancar 9,099,977 6,827,656 5,398,627 Pass
Dalam Perhatian Khusus 854,212 545,417 449,347 Special Mention
Kurang Lancar 36,465 27,986 26,122 Sub-Standard
Diragukan 62,122 44,844 44,012 Doubtful
Macet 283 7,417 716 Loss
10,053,059 7,453,320 5,918,824
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (202,274) (141,776) (110,535) impairment losses
Jumlah 9,850,785 7,311,544 5,808,289 Total
Halaman – 5/279 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 929
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
i. Tagihan dan liabilitas akseptasi i. Acceptance receivables and payables
Berdasarkan kolektibilitas By collectability
2024 2023 2022
Tagihan akseptasi Acceptance receivables
Lancar 2,761,800 1,102,091 2,106,596 Pass
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (9,833) (8,638) (19,833) impairment losses
2,751,967 1,093,453 2,086,763
j. Komitmen dan kontinjensi - bersih j. Commitments and contingencies - net
Rincian liabilitas komitmen dan kontinjensi untuk The details of commitments and contingent liabilities
fasilitas penyediaan dana yang belum digunakan, for unutilised portion of fund facilities, outstanding
irrevocable letters of credit yang masih berjalan, dan irrevocable letters of credit, and guarantees issued
garansi yang diterbitkan berdasarkan kolektibilitas based on collectability and currency were as follows:
dan mata uang adalah:
2024
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Pass mention Substandard Doubtful Loss Total
Rupiah Rupiah
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 82,299,153 201,423 34,155 24,295 104,812 82,663,838 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 569,519 - - - - 569,519 irrevocable letters of credit
Garansi yang diterbitkan 4,492,728 - - 100 - 4,492,828 Guarantees issued
Sub jumlah 87,361,400 201,423 34,155 24,395 104,812 87,726,185 Sub total
Mata uang asing Foreign currencies
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 22,020,749 131 - - - 22,020,880 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 1,286,395 - - - - 1,286,395 irrevocable letters of credit
Garansi yang diterbitkan 1,395,263 - - - - 1,395,263 Guarantees issued
Sub jumlah 24,702,407 131 - - - 24,702,538 Sub total
112,063,807 201,554 34,155 24,395 104,812 112,428,723
Dikurangi: Estimasi kerugian penurunan nilai Less: Estimated impairment losses on
atas komitmen dan kontinjensi (181,050) commitments and contingencies
112,247,673
Halaman – 5/280 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 930
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
j. Komitmen dan kontinjensi - bersih (lanjutan) j. Commitments and contingencies - net (continued)
Rincian liabilitas komitmen dan kontinjensi untuk The details of commitments and contingent liabilities
fasilitas penyediaan dana yang belum digunakan, for unutilised portion of fund facilities, outstanding
irrevocable letters of credit yang masih berjalan, dan irrevocable letters of credit, and guarantees issued
garansi yang diterbitkan berdasarkan kolektibilitas based on collectability and currency were as follows:
dan mata uang adalah: (lanjutan) (continued)
2023
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Pass mention Substandard Doubtful Loss Total
Rupiah Rupiah
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 75,338,026 373,817 15,991 24,890 12,345 75,765,069 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 386,696 - - - - 386,696 irrevocable letters of credit
Garansi yang diterbitkan 3,948,041 12,487 - - - 3,960,528 Guarantees issued
Sub jumlah 79,672,763 386,304 15,991 24,890 12,345 80,112,293 Sub total
Mata uang asing Foreign currencies
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 21,475,677 11,595 - - - 21,487,272 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 1,238,746 - - - - 1,238,746 irrevocable letters of credit
Garansi yang diterbitkan 1,403,620 - - - - 1,403,620 Guarantees issued
Sub jumlah 24,118,043 11,595 - - - 24,129,638 Sub total
103,790,806 397,899 15,991 24,890 12,345 104,241,931
Dikurangi: Estimasi kerugian penurunan nilai Less: Estimated impairment losses on
atas komitmen dan kontinjensi (387,368) commitments and contingencies
103,854,563
2022
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Pass mention Substandard Doubtful Loss Total
Rupiah Rupiah
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 68,101,840 138,696 553 8 44 68,241,141 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 383,250 - - - - 383,250 irrevocable letters of credit
Garansi yang diterbitkan 3,603,108 1,000 - - - 3,604,108 Guarantees issued
Sub jumlah 72,088,198 139,696 553 8 44 72,228,499 Sub total
Mata uang asing Foreign currencies
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 18,786,361 170,192 - - - 18,956,553 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 926,647 - - - - 926,647 irrevocable letters of credit
Garansi yang diterbitkan 1,228,766 - - - - 1,228,766 Guarantees issued
Sub jumlah 20,941,774 170,192 - - - 21,111,966 Sub total
93,029,972 309,888 553 8 44 93,340,465
Dikurangi: Estimasi kerugian penurunan nilai Less: Estimated impairment losses on
atas komitmen dan kontinjensi (578,897) commitments and contingencies
92,761,568
Halaman – 5/281 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 931
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
k. Pendapatan bunga yang masih akan diterima k. Accrued interest income
Piutang bunga dari kredit yang diberikan merupakan Interest receivables from loans which are classified
kolektibilitas lancar pada tanggal 31 Desember 2024 as pass at 31 December 2024 are Rp 964,210
adalah Rp 964.210 (2023: Rp 1.044.663; (2023: Rp 1,044,663; 2022: Rp 1,109,443) and as
2022: Rp 1.109.443) dan kolektibilitas dalam special mention at 2024 are Rp 828,081 (2023:
perhatian khusus pada tanggal 31 Desember 2024 Rp 992,498; 2022: Rp 906,900). Interest receivables
adalah Rp 828.081 (2023: Rp 992.498; 2022: from placements with other banks and Bank Indonesia,
Rp 906.900). Piutang bunga dari penempatan pada marketable securities, Government Bonds, and
bank lain dan Bank Indonesia, efek-efek, Obligasi securities purchased under resale agreements
Pemerintah, dan efek-efek yang dibeli dengan janji are classified as pass at 31 December 2024
dijual kembali merupakan kolektibilitas lancar pada are Rp 1,235,420 (2023: Rp 1,377,036; 2022:
tanggal 31 Desember 2024 adalah Rp 1.235.420 Rp 907,425).
(2023: Rp 1.377.036; 2022: Rp 907.425).
l. Manajemen risiko l. Risk management
Bank CIMB Niaga telah mengimplementasikan Bank CIMB Niaga has implemented Risk Management
prosedur Manajemen Risiko sesuai dengan POJK procedure in accordance with OJK regulation
No.18/POJK.03/2016 tentang Penerapan Manajemen No.18/POJK.03/2016 concerning Application of Risk
Risiko bagi Bank Umum dan Surat Edaran OJK Management for Commercial Banks and OJK Circular
No.34/SEOJK.03/2016 tentang Penerapan Letter No.34/SEOJK.03/2016 concerning Application
Manajemen Risiko bagi Bank Umum tanggal 1 of Risk Management for Commercial Banks dated
September 2016, serta POJK No.38/POJK.03/2017 1 September 2016, also OJK regulation
tanggal 12 Juli 2017 dan SEOJK No.38/POJK.03/2017 dated 12 July 2017 and SEOJK
No.43/SEOJK.03/2017 tentang Penerapan No.43/SEOJK.03/2017 regarding Implementation of
Manajemen Risiko Secara Konsolidasi Bagi Bank Consolidated Risk Management for Bank Performing
yang Melakukan Pengendalian Terhadap Perusahaan Control on Subsidiary Companies (unaudited).
Anak (tidak diaudit).
Menurut surat edaran tersebut, penerapan As stipulated in the decrees, processes for application
manajemen risiko harus dilakukan tidak hanya pada of risk management shall be implemented not only for
risiko kredit, risiko pasar maupun risiko operasional, credit risk, market risk and operational risk, but also for
namun juga untuk risiko likuiditas, risiko hukum, risiko liquidity risk, legal risk, reputation risk, strategic risk,
reputasi, risiko strategis, dan risiko kepatuhan. and compliance risk.
Manajemen risiko permodalan Capital risk management
Profil risiko Risk profile
Penilaian risiko ditekankan kepada jenis-jenis risiko Risk assessment is emphasised on types of risks as
sebagaimana yang ditetapkan oleh OJK, yaitu risiko determined by OJK such as credit risk, liquidity risk,
kredit, risiko likuiditas, risiko pasar, risiko operasional, market risk, operational risk, legal risk, compliance
risiko hukum, risiko kepatuhan, risiko reputasi, dan risk, reputation risk, and strategic risk. To obtain the
risiko strategis. Untuk mendapatkan profil risiko overall risk profiles from all types of risks, Bank CIMB
secara keseluruhan dari semua jenis risiko, Bank Niaga assigns risk weight for each type of risk in
CIMB Niaga memberikan bobot risiko untuk setiap accordance with pre-determined risk appetite. Based
jenis risiko sesuai dengan risk appetite yang telah on Bank CIMB Niaga’s report to OJK, Bank CIMB
direncanakan/ditetapkan sebelumnya. Berdasarkan Niaga’s overall risk profile as at 31 December 2024 is
laporan yang diserahkan ke OJK, profil risiko Bank Low – Moderate (2) (unaudited).
CIMB Niaga secara keseluruhan pada tanggal
31 Desember 2024 dapat dikategorikan
Rendah – Moderat (2) (tidak diaudit).
Halaman – 5/282 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 932
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
m. Risiko kredit m. Credit risk
- Kualitas kredit dari aset keuangan - Credit quality of financial assets
Pada tanggal 31 Desember 2024, 2023, dan 2022, Credit quality of loans that are “neither past due
rincian kualitas kredit yang diberikan yang “belum nor impaired” as at 31 December 2024, 2023, and
jatuh tempo dan tidak mengalami penurunan nilai” 2022, can be assessed by reference to the
berdasarkan kolektibilitas sebagai berikut: collectability is as follows:
2024
Dalam
Lancar/ perhatian khusus/ Jumlah/
Pass Special mention Total
Modal kerja 90,854,405 731,759 91,586,164 Working capital
Investasi 51,757,604 87,195 51,844,799 Investment
Konsumsi 58,753,067 3,689,150 62,442,217 Consumer
201,365,076 4,508,104 205,873,180
2023
Dalam
Lancar/ perhatian khusus/ Jumlah/
Pass Special mention Total
Modal kerja 83,143,874 903,338 84,047,212 Working capital
Investasi 46,324,538 172,875 46,497,413 Investment
Konsumsi 57,950,894 3,834,364 61,785,258 Consumer
187,419,306 4,910,577 192,329,883
2022
Dalam
Lancar/ perhatian khusus/ Jumlah/
Pass Special mention Total
Modal kerja 70,786,042 876,950 71,662,992 Working capital
Investasi 43,362,018 121,710 43,483,728 Investment
Konsumsi 55,127,210 3,772,892 58,900,102 Consumer
169,275,270 4,771,552 174,046,822
Halaman – 5/283 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 933
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
m. Risiko kredit (lanjutan) m. Credit risk (continued)
- Kualitas kredit dari aset keuangan (lanjutan) - Credit quality of financial assets (continued)
Penjelasan pembagian kualitas kredit yang Details for credit quality of loans that are “neither
diberikan yang “belum jatuh tempo atau tidak past due nor impaired” were as follows:
mengalami penurunan nilai” adalah:
- Lancar - Pass
Aset seluruhnya hampir dapat dipastikan akan There is a high likelihood of the assets being
diterima kembali sehingga tidak terdapat recovered in full and therefore no cause for
pertimbangan yang menjadi perhatian Bank concern to Bank CIMB Niaga; and
CIMB Niaga; dan
- Dalam perhatian khusus - Special mention
Ada pertimbangan terkait dengan kemampuan There is concern over the counterparty’s ability
nasabah dalam melakukan pembayaran pada to make payments when due. However, these
saat jatuh tempo. Namun, dalam hal ini belum have not yet converted to actual delinquency
terdapat keterlambatan secara aktual dimana and the counterparty is continuing to make
pembayaran masih dilakukan pada saat jatuh payments when due and is expected to settle
tempo dan diharapkan dapat menyelesaikan all outstanding amount of principals and
seluruh pokok dan bunga. interests.
n. Risiko mata uang n. Currency risk
Risiko mata uang asing timbul dari adanya posisi Foreign currency risks arise from the consolidated
laporan keuangan konsolidasian dan komitmen dan statement of financial position and commitments and
kontinjensi (off-balance sheet) baik di sisi aset contingencies (off-balance sheet) both on the assets
maupun liabilitas. Posisi mata uang asing Bank CIMB and liabilities. Bank CIMB Niaga’s foreign currency
Niaga dapat dikelompokkan dalam dua aktivitas yaitu: position is divided into two activities: the trading book,
trading book, yang dilakukan dalam rangka perolehan which is managed to generate foreign exchange gains,
keuntungan transaksi mata uang asing, dan banking and the banking book, which is managed to control
book, yang dilakukan dalam rangka mengendalikan Bank CIMB Niaga’s overall Net Open Position.
Posisi Devisa Neto Bank CIMB Niaga secara
keseluruhan.
Halaman – 5/284 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 934
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
n. Risiko mata uang (lanjutan) n. Currency risk (continued)
Maksimum Posisi Devisa Neto yang harus dijaga oleh The maximum Net Open Position to be maintained by
bank-bank di Indonesia adalah 20% dari modal. Indonesian banks is 20% of capital. In relation to this,
Sehubungan dengan hal ini, Bank CIMB Niaga Bank CIMB Niaga has internal policy to manage its Net
memiliki kebijakan internal untuk mengelola Posisi Open Position. In addition to nominal approach (Net
Devisa Neto-nya. Selain menggunakan pendekatan Open Position), the market risk measurement on
nominal (Posisi Devisa Neto), pengukuran terhadap currency risk exposure also use more sensitive
eksposur risiko mata uang dilakukan juga dengan measurement method, which is “Value at Risk”
menggunakan metode pengukuran risiko pasar yang (“VaR”). As part of Market Risk Management Process,
lebih risk sensitive, yaitu menggunakan “Value at market risk limits on trading book are monitored and
Risk” (“VaR”). Sebagai bagian dari Market Risk reported to management on daily basis.
Management Process, secara harian limit risiko pasar
pada trading book dipantau dan dilaporkan kepada
manajemen.
Posisi Devisa Neto Net Open Position
Berikut adalah Posisi Devisa Neto Bank CIMB Niaga Below is the Net Open Position of Bank CIMB Niaga
dan Entitas Anak, dalam nilai absolut pada tanggal and Subsidiaries, in absolute amounts, as at
31 Desember 2024, 2023, dan 2022, dalam mata uang 31 December 2024, 2023, and 2022, in currency
(ekuivalen Rupiah). Nilai ini adalah yang dilaporkan (Rupiah equivalent). These amounts are reported to
kepada Bank Indonesia pada tanggal laporan posisi Bank Indonesia on the consolidated statement of
keuangan konsolidasian sebagai bagian dari laporan financial position’s date as part of daily reporting.
harian.
2024
Aset dan (Komitmen) dan Jumlah
(liabilitas)/ kontinjensi/ absolut/
Assets and (Commitments) and Absolute
(liabilities) contingencies amount
Dolar Amerika Serikat 7,776,444 (8,533,276) 756,832 United States Dollar
Euro (470,309) 479,507 9,198 Euro
Dolar Selandia Baru (2,654) 337 2,317 New Zealand Dollar
Yen Jepang (4,410,859) 4,244,779 166,080 Japanese Yen
Dolar Singapura (2,278,255) 2,231,520 46,735 Singapore Dollar
Dolar Hong Kong 15,510 - 15,510 Hong Kong Dollar
Ringgit Malaysia (913) - 913 Malaysian Ringgit
Pound Sterling (4,538) 4,047 491 Pound Sterling
Dolar Australia (483,349) 479,672 3,677 Australian Dollar
Dolar Kanada 20,580 (15,852) 4,728 Canadian Dollar
Lainnya 45,402 - 45,402 Others
1,051,883
Halaman – 5/285 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 935
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
n. Risiko mata uang (lanjutan) n. Currency risk (continued)
Posisi Devisa Neto (lanjutan) Net Open Position (continued)
Berikut adalah Posisi Devisa Neto Bank CIMB Niaga Below is the Net Open Position of Bank CIMB Niaga
dan Entitas Anak, dalam nilai absolut pada tanggal and Subsidiaries, in absolute amounts, as at
31 Desember 2024, 2023, dan 2022, dalam mata uang 31 December 2024, 2023, and 2022, in currency
(ekuivalen Rupiah). Nilai ini adalah yang dilaporkan (Rupiah equivalent). These amounts are reported to
kepada Bank Indonesia pada tanggal laporan posisi Bank Indonesia on the consolidated statement of
keuangan konsolidasian sebagai bagian dari laporan financial position’s date as part of daily reporting.
harian. (lanjutan) (continued)
2023
Aset dan (Komitmen) dan Jumlah
(liabilitas)/ kontinjensi/ absolut/
Assets and (Commitments) and Absolute
(liabilities) contingencies amount
Dolar Amerika Serikat 6,685,591 (5,541,543) 1,144,048 United States Dollar
Euro (246,702) 245,462 1,240 Euro
Dolar Selandia Baru 3,497 (1,634) 1,863 New Zealand Dollar
Yen Jepang (7,018,842) 7,161,231 142,389 Japanese Yen
Dolar Singapura (714,295) 717,184 2,889 Singapore Dollar
Dolar Hong Kong 13,444 1,848 15,292 Hong Kong Dollar
Ringgit Malaysia (3) - 3 Malaysian Ringgit
Pound Sterling 2,583 (482) 2,101 Pound Sterling
Dolar Australia (313,133) 314,632 1,499 Australian Dollar
Dolar Kanada 1,822 - 1,822 Canadian Dollar
Lainnya 82,637 (7,584) 75,053 Others
1,388,199
Halaman – 5/286 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 936
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
n. Risiko mata uang (lanjutan) n. Currency risk (continued)
Posisi Devisa Neto (lanjutan) Net Open Position (continued)
Berikut adalah Posisi Devisa Neto Bank CIMB Niaga Below is the Net Open Position of Bank CIMB Niaga
dan Entitas Anak, dalam nilai absolut pada tanggal and Subsidiaries, in absolute amounts, as at
31 Desember 2024, 2023, dan 2022, dalam mata uang 31 December 2024, 2023, and 2022, in currency
(ekuivalen Rupiah). Nilai ini adalah yang dilaporkan (Rupiah equivalent). These amounts are reported to
kepada Bank Indonesia pada tanggal laporan posisi Bank Indonesia on the consolidated statement of
keuangan konsolidasian sebagai bagian dari laporan financial position’s date as part of daily reporting.
harian. (lanjutan) (continued)
2022
Aset dan (Komitmen) dan Jumlah
(liabilitas)/ kontinjensi/ absolut/
Assets and (Commitments) and Absolute
(liabilities) contingencies amount
Dolar Amerika Serikat 1,197,361 (1,284,695) 87,334 United States Dollar
Euro (260,471) 265,389 4,918 Euro
Dolar Selandia Baru (6,455) 15,818 9,363 New Zealand Dollar
Yen Jepang (3,408,863) 3,546,670 137,807 Japanese Yen
Dolar Singapura (351,912) 346,662 5,250 Singapore Dollar
Dolar Hong Kong 36,478 (3,993) 32,485 Hong Kong Dollar
Ringgit Malaysia (210) - 210 Malaysian Ringgit
Pound Sterling (1,721) 1,370 351 Pound Sterling
Dolar Australia (161,591) 160,933 658 Australian Dollar
Dolar Kanada 5,243 1,555 6,798 Canadian Dollar
Lainnya 17,613 5,343 22,956 Others
308,130
Sesuai dengan PBI No. 5/13/PBI/2003 tanggal In accordance with BI regulation No. 5/13/PBI/2003
17 Juli 2003 sebagaimana telah diubah terakhir dated 17 July 2003 as the latest amendment with
dengan PBI No. 17/5/PBI/2015 tanggal 29 Mei 2015, BI regulation No. 17/5/PBI/2015 dated 29 May 2015,
keseluruhan Posisi Devisa Neto Bank CIMB Niaga the overall Net Open Position of Bank CIMB Niaga and
dan Posisi Devisa Neto on balance sheet terhadap on balance sheet Net Open Position against capital as
modal di akhir hari kerja pada tanggal at the closing of business day as at 31 December 2024
31 Desember 2024 masing-masing adalah 2,09% dan were 2.09% and 0.41%, respectively (2023: 3.05% and
0,41% (2023: 3,05% dan -3,30%; 2022: 0,77% -3.30%, 2022: 0.77% and -7.07%).
dan -7,07%).
Halaman – 5/287 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 937
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
o. Rasio Kewajiban Penyediaan Modal Minimum o. Capital Adequacy Ratio (“CAR”)
(“KPMM”)
Rasio Kewajiban Penyediaan Modal Minimum The Capital Adequacy Ratio (“CAR”) is the ratio of
(“KPMM”) adalah rasio modal Bank CIMB Niaga Bank CIMB Niaga’s capital over its Risk - Weighted
terhadap Aset Tertimbang Menurut Risiko (Risk- Assets (“RWA”). Based on Bank Indonesia
Weighted Assets (“RWA”)). Berdasarkan peraturan regulations, the total capital for credit risk consists of
Bank Indonesia, jumlah modal untuk risiko kredit core capital (“Tier 1”) and supplementary capital (“Tier
terdiri dari modal inti (“Tier 1”) dan modal pelengkap 2”) less investments in Subsidiaries.
(“Tier 2”) dikurangi penyertaan pada Entitas Anak.
Rasio KPMM (perusahaan induk) pada tanggal The CAR (parent company) as at 31 December 2024,
31 Desember 2024, 2023, dan 2022 adalah: 2023, and 2022 were as follows:
2024 2023 2022
Modal: Capital:
Modal inti (tier 1) 48,817,031 44,080,859 39,935,603 Core capital (tier 1)
Modal pelengkap (tier 2) 2,390,868 2,190,980 2,054,794 Supplementary capital (tier 2)
51,207,899 46,271,839 41,990,397
Dikurangi: Less:
Penyertaan pada Entitas Anak (778,716) (778,716) (478,716) Investments in Subsidiaries
Jumlah modal 50,429,183 45,493,123 41,511,681 Total capital
Aset Tertimbang Menurut Risiko Risk Weighted Assets
Dengan mempertimbangkan risiko With credit and operational
kredit dan operasional 205,349,807 186,741,664 187,181,697 risk charge
Dengan mempertimbangkan risiko With credit, operational, and
kredit, operasional, dan pasar 219,621,011 193,364,392 189,884,292 market risk charge
Rasio Kewajiban Penyediaan
Modal Minimum: Required Capital Adequacy Ratio:
Dengan mempertimbangkan risiko
kredit dan operasional 24.56% 24.36% 22.18% Including credit and operational risk
Dengan mempertimbangkan risiko Including credit, operational,
kredit, operasional, dan pasar 22.96% 23.53% 21.86% and market risk
Rasio Kewajiban Penyediaan Modal Minimum Required Capital Adequacy Ratio
Rasio CET 1 21.87% 22.39% 20.78% CET 1 Ratio
Rasio Tier 1 21.87% 22.39% 20.78% Tier 1 Ratio
Rasio Tier 2 1.09% 1.13% 1.08% Tier 2 Ratio
Capital Conservation Buffer 2.50% 2.50% 2.50% Capital Conservation Buffer
Countercyclical Buffer 0.00% 0.00% 0.00% Countercyclical Buffer
Capital Surcharge untuk D-SIB 1.00% 1.00% 1.00% Capital Surcharge for D-SIB
Rasio Kewajiban Penyediaan Modal
Minimum 9% - <10% 9% - <10% 9% - <10% Required Capital Adequacy Ratio
Rasio CET 1 minimum yang diwajibkan 4.50% 4.50% 4.50% Required minimum CET 1 Ratio
Rasio Tier 1 minimum yang diwajibkan 6.00% 6.00% 6.00% Required minimum Tier 1 Ratio
Halaman – 5/288 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 938
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
o. Rasio Kewajiban Penyediaan Modal Minimum o. Capital Adequacy Ratio (“CAR”) (continued)
(“KPMM”) (lanjutan)
Rasio Kewajiban Penyediaan Modal Minimum (Capital The Capital Adequacy Ratio (CAR) is the ratio of the
Adequacy Ratio (“CAR”)) adalah rasio modal terhadap Bank’s capital over its Risk - Weighted Assets (RWA).
aset tertimbang menurut risiko (Risk - Weighted Based on Bank Indonesia regulations, the total capital
Assets (”RWA”)). Berdasarkan Peraturan Bank for credit risk consists of core capital (Tier I) and
Indonesia, jumlah modal untuk risiko kredit terdiri dari supplementary capital (Tier II) less investments in
Modal Inti ("Tier I") dan Modal Pelengkap ("Tier II") Subsidiaries. In accordance with OJK Regulation
dikurangi penyertaan pada Entitas Anak. Sesuai No. 11/POJK.03/2016, OJK Regulation No.
dengan Peraturan OJK No. 11/POJK.03/2016, 34/POJK.03/2016, OJK Regulation No. 27 of 2022
Peraturan OJK No. 34/POJK.03/2016, Peraturan OJK concerning the Minimum Capital Requirement for
No. 27 Tahun 2022 tentang Kewajiban Penyediaan Commercial Banks and OJK Circular Letter
Modal Minimum Bank Umum dan Surat Edaran OJK No.9/SEOJK.03/2020 on Transparency and
No.9/SEOJK.03/2020 tentang Transparansi dan Publication Conventional Commercial Bank Report,
Publikasi Laporan Bank Umum Konvensional, sejak since the end of the month of September 2016,
akhir bulan September 2016, Cadangan Tujuan tidak Specific Reserves can no longer be taken into account
dapat lagi diperhitungkan sebagai komponen Modal as a component of Bank’s Capital.
Bank.
Rasio kewajiban penyediaan modal minimum Bank Bank CIMB Niaga’s minimum capital adequacy ratio
CIMB Niaga secara konsolidasian pada tanggal on a consolidated basis as at 31 December 2024, after
31 Desember 2024, dengan memperhitungkan risiko considering credit and operational risk is 24.90%
kredit dan operasional adalah 24,90% (2023: 24,84%; (2023: 24.84%; 2022: 22.50%) and after considering
2022: 22,50%) dan dengan memperhitungkan risiko credit, operational, and market risk is 23.34% (2023:
kredit, operasional, dan pasar adalah 23,34% 24.02%; 2022: 22.19%).
(2023: 24,02%; 2022: 22,19%)
Unit Usaha Syariah Sharia Business Unit
Pada tanggal 2 Februari 2006, BI mengeluarkan On 2 February 2006, BI issued a regulation
peraturan No. 8/7/PBI/2006 tentang “Perubahan atas No. 8/7/PBI/2006 concerning “Amendment of BI
PBI No.7/13/PBI/2005 tentang Kewajiban Penyediaan regulation No. 7/13/PBI/2005 concerning The
Modal Minimum Bank Umum berdasarkan Prinsip Minimum Capital Adequacy Requirement for
Syariah” yang selanjutnya diperbaharui dengan Commercial Banks based on Sharia Principles” which
Peraturan OJK (“POJK”) No.21/POJK.03/2014 followed by FSA regulation No.21/POJK.03/2014
tanggal 18 November 2014 tentang Kewajiban dated 18 November 2014 regarding Minimum Capital
Penyediaan Modal Minimum Bank Umum Syariah Requirement for Sharia Bank which effective since
yang berlaku sejak 1 Januari 2015 untuk Bank Umum 1 January 2015 for Sharia Bank. Based on the
Syariah. Berdasarkan PBI tersebut, Unit Usaha regulation, Sharia Unit is required to set aside the
Syariah wajib menyediakan modal minimum sebesar minimum capital of 8% in respect of the Risk Weighted
8% dari Aset Tertimbang Menurut Risiko dari kegiatan Assets of business based on Sharia principles. This BI
usaha berdasarkan prinsip Syariah. PBI ini berlaku regulation came into force since reporting period of
sejak pelaporan bulan Desember 2005. December 2005.
Halaman – 5/289 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 939
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
o. Rasio Kewajiban Penyediaan Modal Minimum o. Capital Adequacy Ratio (“CAR”) (continued)
(“KPMM”) (lanjutan)
Unit Usaha Syariah (lanjutan) Sharia Business Unit (continued)
Dalam hal modal minimum Unit Usaha Syariah kurang If the minimum capital of a Sharia Unit is less than 8%
dari 8% dari Aset Tertimbang Menurut Risiko, maka of the Risk Weighted Assets, the head office of the
kantor pusat bank umum konvensional dari Unit conventional commercial bank hosting the Sharia Unit
Usaha Syariah wajib menambah kekurangan modal shall top up the shortfall in minimum capital to reach
minimum sehingga mencapai 8% dari Aset 8% of the Risk Weighted Assets. Risks as referred to
Tertimbang Menurut Risiko. Risiko yang dimaksud in the regulation are Credit Risk and Market Risk. To
adalah Risiko Kredit dan Risiko Pasar. Untuk comply with the aforementioned BI regulation, on 29
memenuhi ketentuan peraturan BI ini, pada tanggal 29 December 2005, Bank CIMB Niaga’s sharia unit has
Desember 2005, Unit Usaha Syariah Bank CIMB gradually increased its capital contribution.
Niaga telah menambah penyertaan modalnya secara
bertahap.
Tanggal Jumlah/Amount Date
30 September 2004 12,500 30 September 2004
11 November 2005 1,000 11 November 2005
29 Desember 2005 25,000 29 December 2005
20 September 2006 10,000 20 September 2006
27 Desember 2007 51,500 27 December 2007
17 Mei 2009 15,000 17 May 2009
22 Maret 2010 135,000 22 March 2010
30 Juni 2011 100,000 30 June 2011
9 Desember 2011 100,000 9 December 2011
31 Agustus 2012 150,000 31 August 2012
27 September 2012 150,000 27 September 2012
17 Desember 2012 100,000 17 December 2012
4 Juli 2013 50,000 4 July 2013
20 April 2017 400,000 20 April 2017
20 Juni 2017 200,000 20 June 2017
15 September 2017 150,000 15 September 2017
12 Desember 2017 100,000 12 December 2017
31 Desember 2017 600,000 31 December 2017
31 Agustus 2018 400,000 31 August 2018
28 Maret 2019 1,000,000 28 March 2019
31 Maret 2020 800,000 31 March 2020
30 Juni 2023 750,000 30 June 2023
18 Desember 2024 500,000 18 December 2024
Jumlah 5,800,000 Total
Halaman – 5/290 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 940
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
o. Rasio Kewajiban Penyediaan Modal Minimum o. Capital Adequacy Ratio (“CAR”) (continued)
(“KPMM”) (lanjutan)
Unit Usaha Syariah (lanjutan) Sharia Business Unit (continued)
Pada tanggal 31 Desember 2024, rasio KPMM Unit As at 31 December 2024, Bank CIMB Niaga Sharia
Usaha Syariah Bank CIMB Niaga tanpa dan dengan Unit’s CAR without and with market risk charge were
memperhitungkan risiko pasar masing-masing adalah 14.73% and 14.73%, respectively (2023: 15.30% and
14,73% dan 14,73% (2023: 15,30% dan 15,30%; 15.30%; 2022: 15.07% and 15.07%).
2022: 15,07% dan 15,07%).
Sesuai dengan PBI No.8/7/PBI/2006 tentang In accordance with PBI No. 8/7/PBI/2006, CAR based
Kewajiban Penyediaan Modal Minimum Bank Umum on Sharia Principles only valid until 31 December 2014
berdasarkan Prinsip Syariah dinyatakan hanya and starting 1 January 2015, the Bank no longer has
berlaku sampai dengan 31 Desember 2014 maka an obligation to provide CAR pursuant to this. The
sejak tanggal 1 Januari 2015, Unit Usaha Syariah calculation of CAR Based on Sharia Principles is done
tidak lagi memiliki kewajiban untuk menyediakan only for internal purposes.
modal minimum sesuai ketentuan ini. Perhitungan
Kewajiban Penyediaan Modal Minimum Bank Umum
berdasarkan Prinsip Syariah ini dilakukan hanya untuk
kepentingan internal.
p. Informasi tambahan p. Additional information
Sesuai dengan Surat dari BI No. 10/57/DpG/DPbS In accordance with Letter from BI No.
tanggal 27 Mei 2008 perihal “Penyeragaman Nama 10/57/DpG/DPbS dated 27 May 2008 regarding
Produk dan Jasa Perbankan Syariah”, mulai bulan “Harmonisation of Sharia Banking Products and
September 2008, semua produk/jasa perbankan Services”, starting September 2008, all Sharia
Syariah diseragamkan menjadi Islamic Banking (“iB”). banking products/services are harmonised as Islamic
Banking (“iB”).
Halaman – 5/291 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 941
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
p. Informasi tambahan (lanjutan) p. Additional information (continued)
Informasi keuangan unit usaha Syariah pada tanggal Financial information of Sharia business unit as at
31 Desember 2024, 2023, dan 2022 adalah: 31 December 2024, 2023, and 2022 were as follows:
2024 2023 2022
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
ASET ASSETS
Kas 66,547 50,463 42,353 Cash
Penempatan pada Bank Indonesia 4,699,728 3,530,408 8,281,470 Placements with Bank Indonesia
Surat berharga yang dimiliki 2,225,286 4,925,260 5,727,260 Sharia marketable securities
Pembiayaan berbasis piutang 6,977,261 5,892,575 4,800,880 Receivables based financing
Pembiayaan bagi hasil 51,944,152 48,207,237 41,658,936 Profit sharing financing
Pembiayaan sewa 1,367,517 1,141,479 734,966 Lease receivable
Aset produktif lainnya 661,517 533,375 649,390 Other earning assets
Cadangan kerugian penurunan nilai aset produktif -/- (1,730,809) (1,570,061) (1,199,307) Allowance for impairment losses on financial assets -/-
Aset tetap dan inventaris 24,615 15,631 18,128 Fixed assets and equipment
Aset non-produktif 5,948 - 2,741 Non-earning assets
Aset lain-lain*) 1,261,345 20,873 2,240,573 Other assets *)
JUMLAH ASET 67,503,107 62,747,240 62,957,390 TOTAL ASSETS
LIABILITAS LIABILITIES
Dana simpanan wadiah 10,910,396 8,830,173 7,171,366 Wadiah deposits
Dana investasi non profit sharing 43,769,902 36,085,958 32,336,530 Non-profit sharing investment funds
Liabilitas kepada Bank Indonesia - - 933,390 Liabilities to Bank Indonesia
Liabilitas kepada bank lain 365,267 77,163 77,578 Obligations to other banks
Surat berharga yang diterbitkan 391,000 820,000 1,105,621 Marketable securities issued
Liabilitas lainnya 303,824 247,697 437,910 Other obligations
Dana investasi profit sharing Profit sharing investment funds
Dana usaha 9,642,459 14,783,350 19,403,096 Operating funds
Saldo laba/rugi 2,120,259 1,902,899 1,491,899 Retained earnings
JUMLAH LIABILITAS 67,503,107 62,747,240 62,957,390 TOTAL LIABILITIES
*) Pada 31 Desember 2024, 2023 dan 2022, aset lain-lain termasuk piutang salam As at 31 December 2024, 2023 and 2022, others included salam receivables *)
Halaman – 5/292 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 942
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
p. Informasi tambahan (lanjutan) p. Additional information (continued)
Informasi keuangan unit usaha Syariah pada tanggal Financial information of Sharia business unit as at
31 Desember 2024, 2023, dan 2022 adalah: (lanjutan) 31 December 2024, 2023, and 2022 were as follows:
(continued)
2024 2023 2022
LAPORAN LABA RUGI STATEMENTS OF PROFIT OR LOSS
Pendapatan operasional 5,280,443 4,917,548 3,556,484 Operating income
Pendapatan yang dibagihasilkan (3,104,058) (2,679,161) (1,597,072) Revenue sharing distribution
Pendapatan setelah distribusi bagi hasil 2,176,385 2,238,387 1,959,412 Income after revenue sharing distribution
Jumlah beban/(pendapatan) operasional lainnya (53,673) (327,128) (445,007) Total other operating expenses/income
Laba operasional - bersih 2,122,712 1,911,259 1,514,405 Operating income - net
Pendapatan non-operasional - bersih 776 3,800 (64) Non-operating income - net
Laba bersih 2,123,488 1,915,059 1,514,341 Net income
Termasuk dalam pembiayaan berbasis piutang, Included in receivables based financing, profit sharing
pembiayaan bagi hasil dan pembiayaan sewa pada financing and lease receivables as at 31 December
tanggal 31 Desember 2024 adalah penempatan pada 2024 is placement with other banks amounting to
bank lain sebesar Rp 337.052 (2023: Rp 245.934; Rp 337,052 (2023: Rp 245,934; 2022: Rp 259.413).
2022: Rp 259.413).
q. Risiko operasional q. Operational risk
Risiko operasional adalah risiko kerugian langsung Operational risk is the risk of direct or indirect loss
ataupun tidak langsung yang terjadi karena tidak resulting from inadequate or failure in internal process,
memadainya atau karena adanya kegagalan proses people, and systems or from external problems that
internal, kesalahan manusia, kegagalan sistem atau affect Bank CIMB Niaga and Subsidiaries operation.
adanya masalah eksternal yang dapat mempengaruhi
operasional Bank CIMB Niaga dan Entitas Anak.
Proses pengkajian risiko dilakukan untuk menilai A risk assessment process is carried out to evaluate
kecukupan pengendalian internal serta proses the adequacy of internal control and risk identification
identifikasi dan pengukuran risiko untuk setiap proses and risk measurement in every process and product in
dan produk di masing-masing unit kerja untuk each working unit to ensure compliance with the
memastikan kepatuhan terhadap kebijakan, policy, rules, and limits set down by Bank CIMB
peraturan, dan batasan-batasan yang dibuat oleh Niaga’s management.
manajemen Bank CIMB Niaga.
Unit pengawasan intern melakukan pemantauan yang Internal control units closely review and monitor the
cermat atas proses di setiap tingkatan atau unit, yang process at its respective level or unit, prior and
berlangsung sebelum dan sesudah dilakukannya subsequent to each transaction being carried out.
transaksi.
Halaman – 5/293 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 943
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
q. Risiko operasional (lanjutan) q. Operational risk (continued)
Pengelolaan risiko operasional juga dilakukan dengan Operational risk management is also performed by
memperkuat aspek keamanan dan kehandalan strengthening the security and operational aspects of
operasi teknologi informasi sehingga kesalahan information technology to reduce and prevent human
manusia, fraud, kesalahan proses, dan potensi error, fraud, processing errors, and system failure that
kegagalan sistem yang menyebabkan terganggunya affect business continuity.
kelangsungan bisnis dapat ditekan dan diantisipasi
lebih dini.
Bank CIMB Niaga mengembangkan dan menerapkan Bank CIMB Niaga has developed and implemented
beberapa sistem dan perangkat Operational Risk several systems and tools for Operational Risk
Management (“ORM”). Pengembangan yang Management (“ORM”). The developments are starting
dilakukan mulai dari yang bersifat pencegahan, from preventive, adequacy of control toward current
kecukupan terhadap kontrol sesuai dengan kondisi condition, until forward looking in forecasting for the
yang dihadapi, hingga yang sifatnya forward looking future probability. Through these approaches, Bank
dalam melihat kemungkinan kejadian di masa depan. CIMB Niaga expected to manage the operational risk
Dengan adanya pendekatan ini diharapkan Bank comprehensively. One of these processes is through
CIMB Niaga lebih komprehensif dalam mengelola monthly reporting which both working units and
risiko di bidang operasional. Salah satu sistem branches are required to report their losses related to
tersebut adalah melalui proses pelaporan bulanan, operational risk. The information is consolidated into a
dimana berbagai unit kerja dan kantor cabang wajib Loss Event Database, which is analysed to obtain
melaporkan kerugian yang timbul akibat risiko indicators to anticipate repeated trends. Currently,
operasional. Informasi ini dikonsolidasikan ke dalam Bank CIMB Niaga is improving the tools which used to
satu Loss Event Database, kemudian dianalisis untuk measure and manage operational risk by Key Risk
mendapatkan suatu indikasi atau gambaran yang Indicator (“KRI”) and Risk and Control Self
dipakai untuk mengantisipasi pengulangan terjadinya Assessment (“RCSA”) and also Business Continuity
kerugian yang sama pada masa datang. Bank CIMB Management (“BCM”) comprehensively.
Niaga saat ini melakukan peningkatan terhadap
perangkat yang digunakan untuk mengukur dan
mengelola risiko operasional melalui Key Risk
Indicator (“KRI”) dan Risk and Control Self
Assessment (“RCSA”) serta Business Continuity
Management (“BCM”) yang menyeluruh.
Bank CIMB Niaga mengerahkan upaya terbaik untuk Bank CIMB Niaga performs best effort to manage
mengelola risiko operasional dengan memastikan operational risk by ensuring the importance of
akan pentingnya pengelolaan risiko ini ditanamkan managing the risk embedded at all levels of Bank
pada seluruh jajaran organisasi Bank CIMB Niaga. CIMB Niaga’s organisation. Bank CIMB Niaga has
Bank CIMB Niaga berkomitmen penuh untuk fully committed to increase its capability in managing
meningkatkan kemampuan pengelolaan risiko operational risk using several control processes, tools,
operasional melalui penggunaan berbagai proses and sophisticated analysis techniques.
pengendalian, dan perangkat, serta analisis risiko
yang mutakhir.
Halaman – 5/294 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 944
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
q. Risiko operasional (lanjutan) q. Operational risk (continued)
Pengungkapan mengenai risiko kredit, risiko tingkat Disclosure of credit risk, interest rate risk, currency
suku bunga, risiko mata uang, risiko likuiditas, dan risk, liquidity risk, and operational risk has been
risiko operasional telah diungkapkan dalam catatan disclosed in separate notes (refer to Notes 52, 53, 54,
tersendiri (lihat Catatan 52, 53, 54, 55, dan 56). 55, and 56).
r. Risiko hukum r. Legal risk
Risiko hukum adalah risiko yang disebabkan oleh Legal risk is the risk arising from weaknesses in
adanya kelemahan aspek yuridis, antara lain yang judicial aspect, amongst others are caused by legal
disebabkan adanya tuntutan hukum, ketiadaan claims, unavailability of law and regulations which
peraturan perundang-undangan yang mendukung supports Bank CIMB Niaga and Subsidiaries products
aktivitas atau produk Bank CIMB Niaga dan Entitas and activities, or weaknesses in legal documentation
Anak, atau kelemahan perikatan seperti tidak such as unavailability of binding contract and
dipenuhinya syarat sahnya kontrak dan pengikatan incomplete collateral agreements.
agunan yang tidak sempurna.
Berikut adalah faktor-faktor yang mempengaruhi risiko The following are factors which affect the legal risk:
hukum: karakter nasabah yang negatif, kurangnya customers’ negative character, lack of understanding
pemahaman atas produk yang dijual kepada nasabah, of product sold to customers, weak legal
dokumen legal yang lemah, konflik dengan nasabah documentation, unresolved conflict with customers or
atau pihak lain yang tidak diselesaikan dengan baik, other parties, and unresolved customer complaints.
dan keluhan nasabah yang tidak diselesaikan dengan
memuaskan.
Guna menghindari kemungkinan litigasi atau gugatan To prevent any possibility of litigation and legal cases,
hukum, unit legal dan unit bisnis terkait bertugas untuk the legal group and business group are responsible to
menyelesaikan masalah-masalah hukum yang terjadi ensure all the legal cases are settled well through
dengan mengelola setiap events yang terkait dengan managing the legal events properly, including
hukum secara tepat, termasuk potensi kerugiannya. provision on any potential loss that is incurred.
Bank CIMB Niaga dan Entitas Anak melakukan Bank CIMB Niaga and Subdiaries manages the legal
manajemen risiko hukum dengan melakukan risk through professional legal case handling and if
penanganan proses hukum secara profesional dan needed prepares provision for legal case expenses.
jika diperlukan membuat pencadangan potensi biaya
kerugian.
Halaman – 5/295 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 945
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
s. Risiko strategis s. Strategic risk
Risiko strategis adalah risiko yang antara lain Strategic risk is the risk which is caused by the
disebabkan adanya penetapan dan pelaksanaan determination and implementation of Bank CIMB
strategi Bank CIMB Niaga dan pengambilan Niaga’s strategy and inaccurate decision making or
keputusan bisnis yang tidak tepat atau kurang Bank CIMB Niaga’s unawareness to the external
responsifnya Bank CIMB Niaga terhadap perubahan factor changes. Factors which affect the strategic risk
eksternal. Berikut adalah faktor-faktor yang are: Bank CIMB Niaga’s vision and mission, strategic
mempengaruhi risiko strategis: visi dan misi Bank plan, change of ownership, and launch of new
CIMB Niaga, rencana strategis, perubahan products.
kepemilikan, dan peluncuran produk baru.
Pelaksanaan strategi, visi, dan misi Bank CIMB Niaga Improper strategy, vision, and mission implementation
yang tidak tepat serta pengambilan keputusan bisnis of Bank CIMB Niaga as well as unaligned business
yang tidak sejalan dengan perubahan eksternal dapat decisions that are not inline with external changes has
mempengaruhi kelangsungan bisnis Bank CIMB an impact on Bank CIMB Niaga’s business going
Niaga. concern.
Dalam kaitannya dengan hal tersebut di atas, Bank In relation with the risk as stated above, Bank CIMB
CIMB Niaga telah membentuk, merumuskan, Niaga has established, formulated, developed, and
menyusun, dan memantau pelaksanaan strategi monitored this strategy implementation including
termasuk corporate plan dan business plan. corporate plan and business plan.
Selain itu Bank CIMB Niaga menetapkan sejumlah In addition, Bank CIMB Niaga has decided several
indikator penting yang disesuaikan dengan kecukupan major indicators that are adjusted with the adequacy
aset, permodalan, dan kondisi perubahan pasar agar of assets, capital, and market sensitivity conditions in
bisnis Bank CIMB Niaga tetap tumbuh dan terus order to maintain Bank CIMB Niaga’s growth and
meningkatkan kepercayaan bagi para stakeholders continuously develop trust of stakeholders and
dan shareholders. shareholders.
t. Risiko reputasi t. Reputation risk
Risiko reputasi adalah risiko yang antara lain Reputation risk is the risk which is caused by negative
disebabkan oleh adanya publikasi negatif yang terkait publicity related with Bank CIMB Niaga’s activities or
dengan kegiatan usaha Bank CIMB Niaga atau negative perception on Bank CIMB Niaga. Factors
persepsi negatif terhadap Bank CIMB Niaga. Faktor- which influence reputation risk are: image, share
faktor yang mempengaruhi risiko reputasi antara lain: price, and internal conflict.
citra (image), harga saham, dan konflik internal.
Bank CIMB Niaga melakukan manajemen risiko Bank CIMB Niaga manages reputation risk by
reputasi dengan melakukan aktivitas public relation, performing public relation activities, CSR (Corporate
CSR (Corporate Social Responsibility), respon yang Social Responsibility), quick response to customers’
cepat terhadap keluhan nasabah, dan penerapan complaints, and consistent implementation of Good
Good Corporate Governance yang konsisten. Corporate Governance.
Halaman – 5/296 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 946
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
t. Risiko Reputasi (lanjutan) t. Reputation Risk (continued)
Bank CIMB Niaga juga telah membentuk Marketing Bank CIMB Niaga has also set up Marketing and
and Communication Committee, sebuah Komite Communication Committee, an Executive Committee,
Eksekutif, yang bertanggung jawab atas pemberian which is responsible for providing strategic direction
arahan yang jelas dalam pengelolaan merek Bank and guidance on Bank CIMB Niaga brand, including
CIMB Niaga termasuk strategi, value proposition, dan strategy, value proposition, and positioning.
positioning.
Pengelolaan risiko reputasi dilakukan dengan Reputation risk management is performed through
memantau publikasi negatif dari media cetak baik monitoring negative reports from reader’s letters and
surat pembaca maupun artikel termasuk di dalamnya articles in media that includes customer’s complaints.
keluhan nasabah. Hal yang sama dilakukan untuk The same thing is also applied for customer
keluhan nasabah yang melalui call center. complaints via call center.
u. Risiko kepatuhan u. Compliance risk
Risiko kepatuhan adalah risiko yang terjadi karena Compliance risk is the risk that Bank CIMB Niaga does
Bank CIMB Niaga tidak mematuhi atau tidak not comply or implement internal policy and laws and
melaksanakan ketentuan internal dan peraturan regulations. In practice, compliance risk is embeded in
perundang-undangan. Pada praktiknya, risiko with Bank CIMB Niaga’s risks relating to laws and
kepatuhan melekat pada risiko Bank CIMB Niaga regulations, prudential requirements, and other
yang terkait pada peraturan perundang-undangan, regulations, such as:
ketentuan kehati-hatian, dan ketentuan lain yang
berlaku, seperti:
- Risiko kredit terkait dengan ketentuan Kewajiban - Credit risk related with Capital Adequacy Ratio
Pemenuhan Modal Minimum (“KPMM”), Kualitas (“CAR”), Quality of Earning Assets, Allowance for
Aset Produktif, Pembentukan Penyisihan Aset Possible Losses, and Legal Lending Limit (“LLL”);
Produktif (“PPAP”), dan Batas Maksimum
Pemberian Kredit (“BMPK”);
- Risiko pasar terkait dengan ketentuan Posisi - Market risk related with Net Open Position
Devisa Neto (“PDN”); (“NOP”) regulation;
- Risiko strategis terkait dengan ketentuan - Strategic risk related with Bank CIMB Niaga’s
Rencana Kerja Anggaran Tahunan (“RKAT”) Annual Business Plan; and
Bank CIMB Niaga; dan
- Risiko lain yang terkait dengan ketentuan - Other risks related with external and internal
eksternal dan internal. regulations.
Halaman – 5/297 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 947
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN YANG TIDAK 61. ADDITIONAL INFORMATION THAT IS NOT REQUIRED
DIPERSYARATKAN OLEH STANDAR AKUNTANSI BY FINANCIAL ACCOUNTING STANDARDS
KEUANGAN (lanjutan) (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 bukan/tidak merupakan informasi yang information required by Financial Accounting Standards:
dipersyaratkan oleh Standar Akuntansi Keuangan: (continued)
(lanjutan)
u. Risiko Kepatuhan (lanjutan) u. Compliance Risk (continued)
Faktor-faktor yang mempengaruhi risiko kepatuhan Factors which affect compliance risk are: external
adalah: perubahan peraturan eksternal, komunikasi regulation changes, internal communication,
internal, budaya disiplin karyawan, dan infrastruktur. employees discipline culture, and infrastructure.
Dalam mengelola manajemen risiko kepatuhan, Bank In managing compliance risk, Bank CIMB Niaga
CIMB Niaga melakukan peningkatan budaya makes continuous improvement for compliance
kepatuhan yang terus menerus dilakukan melalui culture through the compliance program:
program kepatuhan yaitu:
- Pembaharuan dan dokumentasi database - Updating and documenting compliance
kepatuhan; database;
- Sosialisasi/pelatihan kepatuhan melalui - Compliance socialisation/training through
regulation update, compliance news, e-learning, regulation update, compliance news, e-learning,
dan on-class training; and on-class training;
- Uji kepatuhan terhadap produk baru, kebijakan - Test of compliance on new products, new policy,
baru, dan aktivitas bank; and bank activities;
- Monitor pelaksanaan kepatuhan melalui - Monitoring the compliance realisation through
compliance matrix dan pembentukan compliance matrix and establishing Designated
Designated Compliance Officer (”DCO”); Compliance Officer (“DCO”);
- Penerapan anti pencucian uang dan - Implementation of anti money laundering and
pencegahan pendanaan teroris; dan preventive terrorism funding; and
- Pelaporan kepatuhan. - Compliance reporting.
Rasio-rasio utama yang dipersyaratkan oleh The main ratios required by Bank Indonesia regulation
Peraturan Bank Indonesia yaitu Giro Wajib which are the Minimum Statutory Reserves (GWM),
Minimum (GWM), Penyangga Likuiditas Macroprudential Liquidity Buffer (PLM),
Makroprudensial (PLM), Rasio Intermediasi
Macropudential Intermediation Ratio (RIM), LLL, NPL,
Makroprudensial (RIM), BMPK, NPL, PDN dan KPMM
telah dipenuhi oleh Bank CIMB Niaga. NOP and CAR have been fulfilled by Bank CIMB
Niaga.
62. INFORMASI KEUANGAN TAMBAHAN 62. SUPPLEMENTARY FINANCIAL INFORMATION
Bank menerbitkan laporan keuangan konsolidasian yang The Bank published the consolidated financial statements
merupakan laporan keuangan utama. Informasi keuangan as its primary financial statements. The supplementary
tambahan PT Bank CIMB Niaga Tbk (Entitas Induk) ini, financial information of PT Bank CIMB Niaga Tbk (Parent
dimana Bank CIMB Niaga membukukan investasi pada Entity), where Bank CIMB Niaga book investment in
Entitas Anak dengan menggunakan metode biaya sesuai Subsidiaries using the cost method in accordance with
dengan PSAK 227 (sebelumnya PSAK 4) (2015), SFAS 227 (previously SFAS 4) (2015), have been
disajikan untuk dapat menganalisis hasil usaha entitas prepared in order that the parent entity’s results of
induk saja. Informasi keuangan tambahan PT Bank CIMB operations can be analysed. The following supplementary
Niaga Tbk (Entitas Induk) berikut ini harus dibaca financial information of PT Bank CIMB Niaga Tbk (Parent
bersamaan dengan laporan keuangan konsolidasian Entity) should be read in conjuction with the consolidated
PT Bank CIMB Niaga Tbk dan Entitas Anak. financial statements of PT Bank CIMB Niaga Tbk and
Subsidiaries.
Halaman – 5/298 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 948
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023 2022
ASET ASSETS
Kas 3,649,991 3,928,228 5,439,031 Cash
Giro pada Bank Indonesia 9,990,709 13,180,254 8,985,257 Current accounts with Bank Indonesia
Giro pada bank lain 2,446,256 2,501,677 2,720,778 Current accounts with other banks
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - - - impairment losses
2,446,256 2,501,677 2,720,778
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 5,047,395 4,541,702 14,878,602 and Bank Indonesia
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - (8,714) (8,808) impairment losses
5,047,395 4,532,988 14,869,794
Efek-efek 25,006,134 9,403,093 5,828,093 Marketable securities
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (840) (39,160) (18,428) impairment losses
25,005,294 9,363,933 5,809,665
Obligasi Pemerintah 68,329,051 70,596,507 59,199,026 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,612,832 5,159,387 510,307 resale agreements
Tagihan derivatif 1,184,890 849,014 969,308 Derivative receivables
Kredit yang diberikan Loans
Pihak berelasi 893,944 1,109,901 841,755 Related parties
Pihak ketiga 217,806,851 205,695,793 190,505,896 Third parties
218,700,795 206,805,694 191,347,651
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (10,451,126) (11,905,707) (13,086,850) impairment losses
Jumlah kredit yang diberikan 208,249,669 194,899,987 178,260,801 Total loans
Tagihan akseptasi 2,761,800 1,102,091 2,106,596 Acceptance receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (9,833) (8,638) (19,833) impairment losses
2,751,967 1,093,453 2,086,763
Penyertaan - bersih 801,859 782,375 482,375 Investments - net
Aset tetap 9,243,413 9,426,276 9,610,399 Fixed assets
Dikurangi: Akumulasi penyusutan (2,536,667) (2,730,888) (2,638,721) Less: Accumulated depreciation
6,706,746 6,695,388 6,971,678
Aset takberwujud 4,732,183 4,306,093 4,202,520 Intangible assets
Dikurangi: Akumulasi amortisasi (2,701,485) (2,252,619) (2,145,720) Less: Accumulated amortisation
2,030,698 2,053,474 2,056,800
Aset yang diambil alih 331,687 332,918 347,577 Foreclosed assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (248,994) (223,225) (131,561) impairment losses
82,693 109,693 216,016
Uang muka pajak 3,040,578 1,706,534 1,129,720 Prepaid taxes
Aset pajak tangguhan - bersih 110,164 1,368,468 1,634,103 Deferred tax assets - net
Pendapatan yang masih harus diterima 3,028,121 3,417,848 2,925,369 Accrued income
Beban dibayar dimuka 1,204,256 1,180,308 1,112,532 Prepaid expenses
Aset lain-lain 5,427,047 5,024,557 6,786,591 Other assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (172,746) (502,708) (650,087) impairment losses
5,254,301 4,521,849 6,136,504
JUMLAH ASET 350,527,470 327,941,365 301,515,827 TOTAL ASSETS
Halaman – 5/299 – Page
– Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 949
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 3,814,668 3,556,053 3,688,971 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro Demand deposits
Pihak berelasi 1,256,997 1,092,085 588,165 Related parties
Pihak ketiga 91,410,139 72,983,172 70,109,912 Third parties
92,667,136 74,075,257 70,698,077
Tabungan Saving deposits
Pihak berelasi 301,857 253,790 239,909 Related parties
Pihak ketiga 79,977,214 77,177,034 73,845,627 Third parties
80,279,071 77,430,824 74,085,536
Deposito Time deposits
Pihak berelasi 27,171 39,175 37,237 Related parties
Pihak ketiga 88,544,651 85,189,868 82,725,768 Third parties
88,571,822 85,229,043 82,763,005
Jumlah simpanan nasabah 261,518,029 236,735,124 227,546,618 Total deposits from customers
Simpanan dari bank lain Deposits from other banks
Giro dan tabungan 3,128,574 1,505,795 1,146,863 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
deposito berjangka 2,830,894 254,652 1,359,149 time deposits
5,959,468 1,760,447 2,506,012
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 11,288,963 20,426,826 6,062,727 repurchase agreement
Liabilitas derivatif 906,630 540,051 701,179 Derivative payables
Liabilitas akseptasi 2,761,800 1,102,091 2,106,596 Acceptance payables
Efek-efek yang diterbitkan 391,000 1,300,476 1,704,938 Marketable securities isssued
Pinjaman yang diterima 2,609,500 2,463,520 - Borrowings
Hutang pajak Tax payables
- Pajak penghasilan badan 181,410 163,942 249,103 Corporate income tax -
- Pajak lain-lain 129,209 257,571 206,946 Other taxes -
310,619 421,513 456,049
Beban yang masih harus dibayar Accruals and other
dan liabilitas lain-lain liabilities
- Beban yang masih harus dibayar 2,184,823 3,108,506 3,777,659 Accruals -
- Liabilitas lain-lain 6,198,134 7,438,935 7,580,789 Other liabilities -
8,382,957 10,547,441 11,358,448
Liabilitas imbalan kerja 1,557,704 1,473,143 1,391,887 Employee benefit obligations
Pinjaman subordinasi 74,514 155,619 228,311 Subordinated loans
JUMLAH LIABILITAS 299,575,852 280,482,304 257,751,736 TOTAL LIABILITIES
Halaman – 5/300 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 950
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023 2022
EKUITAS EQUITY
Modal saham Share capital
Modal dasar 71.853.936 Authorised capital 71,853,936
saham biasa kelas A, dengan class A ordinary shares with
nilai nominal Rp 5.000 (nilai penuh) par value of Rp 5,000 (full
per saham dan 50.814.606.400 amount) per share, and
saham biasa kelas B, 50,814,606,400 class B
dengan nilai nominal Rp 50 ordinary shares with par value
(nilai penuh) per saham of Rp 50 (full amount) per share
Modal ditempatkan dan disetor penuh Issued and fully paid
71.853.936 lembar saham biasa kelas A dan 71,853,936 class A ordinary shares and
31 Desember 2024, 2023 dan 2022 dan 31 December 2024 2023 and 2023 and
saham biasa kelas B sebanyak 25.070.351.907 lembar pada class B ordinary shares total 25,070,351,907 shares
tanggal 31 Desember 2024 dan 25.059.752,907 lembar as at 31 December 2024 and 25,059,752,907 shares
pada tanggal 31 Desember 2023 dan 2022 1,612,787 1,612,257 1,612,257 as at 31 December 2023 and 2022
Tambahan modal disetor 7,135,003 7,068,257 7,033,450 Additional paid in capital
Saham tresuri (5,649) (135,104) (249,459) Treasury shares
Cadangan kompensasi berbasis saham 90,994 137,123 137,105 Share-based compensation reserve
Selisih penilaian kembali aset tetap 4,176,647 4,181,209 4,180,033 Reserve on revaluation of fixed assets
Kerugian yang belum direalisasi atas efek-efek Unrealised losses of marketable securities
dan obligasi pemerintah dalam kelompok nilai wajar melalui and government bonds on fair value through
penghasilan komprehensif lain - bersih (963,166) (879,270) (1,148,728) other comprehensive income - net
Cadangan umum dan wajib 351,538 351,538 351,538 General and statutory reserve
Saldo laba 38,553,464 35,123,051 31,847,895 Retained earnings
JUMLAH EKUITAS 50,951,618 47,459,061 43,764,091 TOTAL EQUITY
JUMLAH LIABILITAS TOTAL LIABILITIES
DAN EKUITAS 350,527,470 327,941,365 301,515,827 AND EQUITY
Halaman – 5/301 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 951
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023 2022
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
OPERASIONAL FROM OPERATIONS
Pendapatan bunga 17,404,589 16,253,314 14,590,238 Interest income
Pendapatan syariah 5,280,443 4,917,548 3,556,484 Sharia ncome
Beban bunga (7,437,825) (5,996,945) (3,849,951) Interest expense
Beban syariah (3,104,058) (2,679,161) (1,597,072) Sharia expense
Penghasilan bunga dan syariah - bersih 12,143,149 12,494,756 12,699,699 Net interest and sharia income
Pendapatan operasional lainnya Other operating income
Provisi dan komisi lainnya 2,640,559 2,931,115 2,181,571 Other fees and commissions
Keuntungan/(kerugian) transaksi mata uang asing 764,813 176,982 (472,929) Foreign exchange gains/(losses)
Lain-lain 868,340 426,683 698,591 Others
Jumlah pendapatan operasional lainnya 4,273,712 3,534,780 2,407,233 Total other operating income
Kerugian penurunan nilai atas aset keuangan Impairment losses on financial
dan nonkeuangan - bersih (1,324,690) (1,646,418) (3,572,274) and non-financial assets - net
Keuntungan dari instrumen keuangan yang Gains from financial instruments measured
diukur pada nilai wajar melalui laba rugi - bersih 465,526 1,097,419 1,953,932 at fair value through profit or loss - net
Keuntungan dari penjualan aset keuangan 488,116 525,971 740,559 Gains from sale of financial assets
Beban operasional lainnya Other operating expenses
Beban tenaga kerja (4,887,862) (4,720,198) (4,444,005) Personnel expenses
Umum dan administrasi (3,454,580) (3,488,882) (3,590,292) General and administrative
Pembalikan/(beban) lain-lain 64,524 (18,972) (49,546) Other reversal/(expenses)
Jumlah beban operasional lainnya (8,277,918) (8,228,052) (8,083,843) Total other operating expenses
LABA OPERASIONAL BERSIH 7,767,895 7,778,456 6,145,306 NET OPERATING INCOME
PENDAPATAN BUKAN OPERASIONAL INCOME FROM NON OPERATIONS
Pendapatan bukan operasional - bersih 477,812 112,892 32,592 Non operating income - net
LABA SEBELUM PAJAK INCOME BEFORE
PENGHASILAN 8,245,707 7,891,348 6,177,898 INCOME TAX
BEBAN PAJAK PENGHASILAN (1,720,041) (1,722,625) (1,391,495) INCOME TAX EXPENSE
LABA BERSIH 6,525,666 6,168,723 4,786,403 NET INCOME
Halaman – 5/302 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 952
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023 2022
Laba bersih 6,525,666 6,168,723 4,786,403 Net income
Penghasilan komprehensif lain: Other comprehensive income:
Pos-pos yang tidak akan direklasifikasi ke laba rugi Items that will not be reclassified to profit or loss
Pengukuran kembali atas program imbalan pasti - Remeasurement of post employment
kerugian aktuarial (19,850) (27,853) (85,259) benefits obligation actuarial losses
Selisih penilaian kembali aset tetap (4,592) 1,176 757,274 Reserve on revaluation of fixed assets
(24,442) (26,677) 672,015
Pajak penghasilan terkait pos-pos yang tidak Income tax relating to items that will not be
akan direklasifikasi ke laba rugi 4,397 6,128 18,824 reclassified to profit or loss
(20,045) (20,549) 690,839
Pos-pos yang akan direklasifikasi ke laba rugi Item that will be reclassified to profit or loss
(Kerugian)/keuntungan yang belum di realisasi Unrealised (losses)/gains from changes
atas perubahan nilai wajar dari efek-efek dan obligasi in fair value of marketable securities
pemerintah dalam kelompok nilai wajar melalui and government bonds on fair value
penghasilan komprehensif lain (138,457) 299,060 (1,934,410) through other comprehensive income
Pajak penghasilan terkait pos-pos yang Income tax relating to items that will be
akan direklasifikasi ke laba rugi 54,561 (29,602) 324,125 reclassified to profit or loss
(83,896) 269,458 (1,610,285)
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME -
SETELAH PAJAK (103,941) 248,909 (919,446) NET OF TAX
JUMLAH PENGHASILAN KOMPREHENSIF 6,421,725 6,417,632 3,866,957 TOTAL COMPREHENSIVE INCOME
LABA PER SAHAM EARNINGS PER SHARE
(dalam nilai penuh Rupiah (expressed in Rupiah full
per saham) amount per share)
Dasar 259.65 247.21 191.97 Basic
Dilusian 259.65 247.21 191.97 Diluted
Halaman – 5/303 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 953
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Kerugian yang belum
direalisasi atas efek-efek dan
obligasi pemerintah diukur Saldo laba yang
pada nilai wajar melalui telah ditentukan
Cadangan penghasilan komprehensif penggunaannya -
kompensasi lain - bersih/ cadangan umum Saldo laba yang
berbasis Unrealised losses on fair dan wajib/ belum ditentukan
Tambahan saham/ Selisih penilaian value through other Appropriated penggunaannya*)/
modal disetor/ Share based kembali aset tetap/ comprehensive income retained earnings - Unappropriated
Modal saham/ Additional compensation Reserve on revaluation marketable securities and Saham tresuri/ general and retained
Share capital paid in capital reserve of fixed assets government bonds - net Treasury shares statutory reserve earnings*) Jumlah/ Total
Saldo 1 Januari 2024 1,612,257 7,068,257 137,123 4,181,209 (879,270) (135,104) 351,538 35,123,051 47,459,061 Balance as at 1 January 2024
Jumlah laba komprehensif Total comprehensive income
periode berjalan: for the current periode:
- Laba bersih - - - - - - - 6,525,666 6,525,666 Net income -
- Penghasilan komprehensif lain *) - - - (4,562) (83,896) - - (15,483) (103,941) Other comprehensive income *) -
- - - (4,562) (83,896) - - 6,510,183 6,421,725
Transaksi dengan pemilik dalam kapasitasnya Transaction with owners in their capacity
sebagai pemilik: as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2023 - - - - - - - (3,084,362) (3,084,362) on 2023 financial year net income
- Pelepasan saham tresuri - 66,746 - - - 129,455 - - 196,201 Issuance of treasury shares -
- Penerbitan saham biasa 530 - - - - - 530 Issuance of ordinary share -
- Penjualan aset tetap revaluasian - - - - - - 4,592 4,592 Sale of revalued fixed assets-
- Cadangan kompensasi berbasis saham - - (46,129) - - - - - (46,129) Shared based compensation reserve -
530 66,746 (46,129) - - 129,455 - (3,079,770) (2,929,168)
Saldo 31 Desember 2024 1,612,787 7,135,003 90,994 4,176,647 (963,166) (5,649) 351,538 38,553,464 50,951,618 Balance as at 31 December 2024
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya merupakan pengukuran kembali atas program imbalan pasti Amounts included in unappropriated retained earnings *)
setelah pajak are the remeasurement of post-employment benefits obligation net of tax
2024 Annual Report | PT Bank CIMB Niaga Tbk
Halaman – 5/304 – Page
Page 954
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
(Kerugian)/keuntungan yang
belum direalisasi atas efek-efek
dan obligasi pemerintah diukur Saldo laba yang
pada nilai wajar melalui telah ditentukan
penghasilan komprehensif lain - penggunaannya -
Cadangan bersih/ cadangan umum dan
kompensasi Unrealised (losses)/gains on fair wajib/ Saldo laba yang
Tambahan berbasis saham/ Selisih penilaian kembali value through other Appropriated belum ditentukan
modal disetor/ Share-based aset tetap/ comprehensive income retained earnings - penggunaannya*)/
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Modal saham/ Additional paid- compensation Reserve on revaluation of marketable securities and Saham treasuri/ general and Unappropriated Jumlah/
Share capital in capital reserve fixed assets government bonds - net Treasury shares statutory reserve retained earnings*) Total
Saldo 1 Januari 2023 1,612,257 7,033,450 137,105 4,180,033 (1,148,728) (249,459) 351,538 31,847,895 43,764,091 Balance as at 1 January 2023
Jumlah laba komprehensif tahun Total comprehensive income
berjalan: for the current year:
- Laba bersih - - - - - - - 6,168,723 6,168,723 Net income -
- Penghasilan komprehensif lain *) - - - 1,176 269,458 - - (21,725) 248,909 Other comprehensive income *) -
- - - 1,176 269,458 - - 6,146,998 6,417,632
Transaksi dengan pemilik dalam kapasitasnya Transaction with owners in their capacity
sebagai pemilik: as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2022 - - - - - - - (2,871,842) (2,871,842) on 2022 financial year net income
- Pelepasan saham treasuri - 34,807 - - - 114,355 - - 149,162 Issuance of treasury shares -
- Cadangan kompensasi berbasis saham - - 18 - - - - - 18 Shared based compensation reserve -
- 34,807 18 - - 114,355 - (2,871,842) (2,722,662)
Saldo 31 Desember 2023 1,612,257 7,068,257 137,123 4,181,209 (879,270) (135,104) 351,538 35,123,051 47,459,061 Balance as at 31 December 2023
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya merupakan pengukuran kembali atas program imbalan pasti Amounts included in unappropriated retained earnings *)
setelah pajak are the remeasurement of post-employment benefits obligation net of tax
Halaman – 5/305 – Page
Page 955
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, AND 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan/(kerugian) yang
belum direalisasi atas efek-efek
dan obligasi pemerintah diukur Saldo laba yang
pada nilai wajar melalui telah ditentukan
penghasilan komprehensif lain - penggunaannya -
Cadangan bersih/ cadangan umum dan
kompensasi Unrealised gains/(losses) on fair wajib/ Saldo laba yang
Tambahan berbasis saham/ Selisih penilaian kembali value through other Appropriated belum ditentukan
modal disetor/ Share-based aset tetap/ comprehensive income retained earnings - penggunaannya*)/
Modal saham/ Additional paid- compensation Reserve on revaluation of marketable securities and Saham treasuri/ general and Unappropriated Jumlah/
Share capital in capital reserve fixed assets government bonds - net Treasury shares statutory reserve retained earnings*) Total
Saldo 1 Januari 2022 1,612,257 7,033,450 115,025 3,422,692 461,557 (252,477) 351,538 29,473,680 42,217,722 Balance as at 1 January 2022
Jumlah laba komprehensif periode Total comprehensive income
berjalan: for the current period:
- Laba bersih - - - - - - - 4,786,403 4,786,403 Net income -
- Penghasilan komprehensif lain *) - - - 757,341 (1,610,285) - - (66,502) (919,446) Other comprehensive income *) -
- - - 757,341 (1,610,285) - - 4,719,901 3,866,957
Transaksi dengan pemilik dalam kapasitasnya Transaction with owners in their capacity
sebagai pemilik: as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2021 - - - - - - - (2,345,686) (2,345,686) on 2021 financial year net income
- Pelepasan saham treasuri - - - - - 3,018 - - 3,018 Issuance of treasury shares -
- Cadangan kompensasi berbasis saham - - 22,080 - - - - - 22,080 Shared based compensation reserve -
- - 22,080 - - 3,018 - (2,345,686) (2,320,588)
Saldo 31 Desember 2022 1,612,257 7,033,450 137,105 4,180,033 (1,148,728) (249,459) 351,538 31,847,895 43,764,091 Balance as at 31 December 2022
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya merupakan pengukuran kembali atas program imbalan pasti Amounts included in unappropriated retained earnings *)
setelah pajak are the remeasurement of post-employment benefits obligation net of tax
2024 Annual Report | PT Bank CIMB Niaga Tbk
Halaman – 5/306 – Page
Page 956
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, and 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023 2022
Arus kas dari aktivitas operasi Cash flow from operating activities
Pendapatan bunga, provisi, dan komisi yang diterima 25,715,334 23,609,569 20,349,586 Receipts of interest, fees, and commissions income
Bunga, provisi, dan komisi yang dibayar (10,468,787) (8,465,285) (5,114,979) Payments of interest, fees, and commissions
Penghasilan operasional lainnya yang diterima 868,340 426,683 698,591 Other operating income received
Keuntungan transaksi mata uang asing Gains of foreign exchange
dan derivatif - bersih 1,364,812 1,212,612 1,485,009 and derivatives transactions - net
Beban operasional lainnya yang dibayar (6,459,518) (5,605,854) (9,135,386) Other operating expenses paid
Pendapatan bukan operasional - bersih 577,922 108,836 182,808 Non operating income - net
Pajak penghasilan yang dibayar selama
tahun berjalan (385,313) (1,565,625) (1,618,407) Income tax paid during the year
Arus kas sebelum perubahan dalam Cash flow before changes in
aset dan liabilitas operasi 11,212,790 9,720,936 6,847,222 operating assets and liabilities
Perubahan dalam aset dan liabilitas : Changes in assets and liabilities :
Efek-efek dan Obligasi Pemerintah Fair value through profit or loss
untuk tujuan diukur pada nilai wajar melalui laba rugi (4,015,903) (9,355,235) (1,736,683) marketable securities and Government Bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 3,546,555 (4,649,080) 1,079,349 resale agreements
Kredit yang diberikan (14,765,294) (18,369,810) (16,511,490) Loans
Tagihan akseptasi (1,659,709) 1,004,505 497,011 Acceptance receivables
Kenaikan/(penurunan) liabilitas: Increase/(decrease) in liabilities:
Simpanan nasabah 20,175,284 8,635,727 (8,903,672) Deposits from customers
Simpanan dari bank lain 4,199,021 (745,565) (553,439) Deposits from other banks
Efek-efek yang dijual dengan janji dibeli kembali (9,137,863) 14,364,099 4,800,495 Securities sold under repurchase agreement
Liabilitas akseptasi 1,659,709 (1,004,505) (497,011) Acceptance payables
Utang pajak (128,361) 50,625 28,758 Taxes payable
Kas bersih yang diperoleh dari/(digunakan untuk) Net cash provided from/(used in)
aktivitas operasi 11,086,229 (348,303) (14,949,460) operating activities
Arus kas dari aktivitas investasi Cash flow from investing activities
Penambahan atas penyertaan (20,000) - - Addition in investments
Pembelian efek-efek dan Obligasi Purchasing of fair value through other
Pemerintah - diukur pada nilai wajar melalui penghasilan comprehensive income and amortised cost marketable
komprehensif lain dan biaya perolehan diamortisasi (55,420,337) (15,393,347) (25,096,310) securities and Government Bonds
Penjualan efek-efek dan Obligasi Selling of fair value through other
Pemerintah - diukur pada nilai wajar melalui penghasilan comprehensive income and amortised cost marketable
komprehensif lain dan biaya perolehan diamortisasi 49,133,878 10,092,371 31,884,818 securities and Government Bonds
Hasil penjualan aset tetap 8,382 5,782 18,834 Proceeds from sale of fixed assets
Pembelian aset tetap (481,194) (269,888) (297,694) Acquisition of fixed assets
Pembelian aset takberwujud (440,215) (410,064) (489,690) Acquisition of intangible assets
Penambahan penyertaan pada entitas anak - (300,000) - Addition of investment in subsidiary
Kas bersih yang (digunakan untuk)/diperoleh dari Net cash (used in)/provided from
aktivitas investasi (7,219,486) (6,275,146) 6,019,958 investing activities
Halaman – 5/307 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 957
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, and 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2024 2023 2022
Arus kas dari aktivitas pendanaan Cash flow from financing activities
Pembayaran pokok dan bunga dari obligasi dan Payment of principal and interest from
efek-efek yang diterbitkan (1,017,199) (533,176) (4,044,897) bonds and marketable securities issued
Pembayaran dividen (3,084,362) (2,871,842) (2,345,686) Dividend paid
Saham treasuri 129,455 - - Treasury shares
Penambahan atas
pinjaman yang diterima 2,601,500 2,463,520 - Addition of borrowings
Pembayaran atas bunga dan pinjaman yang diterima (2,463,520) - - Payment of interest and borrowings
Pembayaran atas pinjaman subordinasi (83,000) (75,000) - Payment of subordinated loans
Pembayaran liabilitas sewa (160,305) - - Payment of lease liabilities
Penambahan modal saham 530 - - Addition of shares equity
Kas bersih yang digunakan untuk Net cash used in
aktivitas pendanaan (4,076,901) (1,016,498) (6,390,583) financing activities
Pengaruh perubahan kurs mata uang Effects on exchange rate differences
pada kas dan setara kas 203,035 (102,346) 339,913 in cash and cash equivalent
Penurunan bersih kas dan setara kas (7,123) (7,742,293) (14,980,172) Net decrease in cash and cash equivalent
Kas dan setara kas pada awal tahun 24,281,375 32,023,668 47,003,840 Cash and cash equivalent at beginning of the year
Kas dan setara kas pada akhir tahun 24,274,252 24,281,375 32,023,668 Cash and cash equivalent at end of the year
Kas dan setara kas terdiri dari: Cash and cash equivalent consist of:
Kas 3,649,991 3,928,228 5,439,031 Cash
Giro pada Bank Indonesia 9,990,709 13,180,254 8,985,257 Current accounts with Bank Indonesia
Giro pada bank lain 2,446,256 2,501,677 2,720,778 Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia
jangka waktu jatuh tempo tiga bulan atau mature within three months or less
kurang sejak tanggal perolehan 5,047,395 4,541,702 14,878,602 since acquisition date
Sertifikat Rupiah Bank Indonesia Bank Indonesia Rupiah Securities
jangka waktu jatuh tempo tiga bulan atau mature within three months or less
kurang sejak tanggal perolehan 3,139,901 129,514 - since acquisition date
Jumlah kas dan setara kas 24,274,252 24,281,375 32,023,668 Total cash and cash equivalents
Informasi tambahan arus kas: Supplemental cash flows information:
Aktivitas yang tidak mempengaruhi arus kas - - - Activities not affecting cash flows
Halaman – 5/308 – Page
2024 Annual Report | PT Bank CIMB Niaga Tbk
Page 958
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2024, 2023, DAN 2022 31 DECEMBER 2024, 2023, and 2022
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Perubahan non kas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2023 Cash flow Amortisation of discount and premium Foreign currency movement 2024
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 24,281,375 (210,158) - 203,035 24,274,252 Cash and cash equivalents
Investasi likuid 458,785 (186,716) - - 272,069 Liquid investments
Efek-efek yang diterbitkan (1,300,476) 910,000 (524) - (391,000) Marketable securities issued
Pinjaman yang diterima 2,463,520 145,980 - - 2,609,500 Borrowings
Pinjaman subordinasi (155,619) - 81,105 - (74,514) Subordinated loans
Utang bersih 25,747,585 659,106 80,581 203,035 26,690,307 Net debt
Perubahan non kas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2022 Cash flow Amortisation of discount and premium Foreign currency movement 2023
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 32,023,668 (7,639,947) - (102,346) 24,281,375 Cash and cash equivalents
Investasi likuid 302,056 156,729 - - 458,785 Liquid investments
Efek-efek yang diterbitkan (1,704,938) 407,710 (3,248) - (1,300,476) Marketable securities issued
Pinjaman yang diterima - 2,463,520 - - 2,463,520 Borrowings
Pinjaman subordinasi (228,311) - 72,692 - (155,619) Subordinated loans
Utang bersih 30,392,475 (4,611,988) 69,444 (102,346) 25,747,585 Net debt
Perubahan non kas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2021 Cash flow Amortisation of discount and premium Foreign currency movement 2022
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 47,003,840 (15,320,085) - 339,913 32,023,668 Cash and cash equivalents
Investasi likuid 219,809 82,247 - - 302,056 Liquid investments
Efek-efek yang diterbitkan (5,369,228) 3,667,000 (2,710) - (1,704,938) Marketable securities issued
Pinjaman subordinasi (226,143) - (2,168) - (228,311) Subordinated loans
Utang bersih 41,628,278 (11,570,838) (4,878) 339,913 30,392,475 Net debt
Halaman – 5/309 – Page
PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 959
Attachment
To Financial Services Authority Circular Letter
No. 9/SEOJK.03/2020:
Transparency and Publication of Conventional
Commercial Bank Reports
Description Page
1. General Information
a. Financial Highlights presents financial information in a comparative format for 2 (two) financial years, or
since the Bank begins its business for banks that have been in business for less than 2 (two) years. At the
very least, financial highlights covers:
1) Net interest income; 18
2) Operating profit; 18
3) Profit before tax; 18
4) Net profit; 18
5) Total comprehensive profit/loss; 18
6) Net income per share; 18
7) Total assets; 18
8) Total liabilities; 18
9) Total equity; 18
10) Earning assets; 18
11) Third party funds; 18
12) Borrowings; 18
13) CAR; 19-20
14) Return on Asset (ROA); 19-20
15) Return on Equity (ROE); 19-20
16) Profit margin (profit/loss to income ratio); 19-20
17) Rasio Beban Operating Expenses to Operating Income Ratio (BOPO); 19-20
18) Cost to Income Ratio (CIR); 19-20
19) Percentage of Violation and Exceedance of Legal lending Limit (LLL); 19-20
20) Mandatory Minimum Reserves (GWM) Ratio; 19-20
21) Net Open Position (PDN) Ratio; and 19-20
22) Other information and ratios relevant to the banking industry. 19-20
b. Bank Profile
Bank profile covers at the very least:
1) Name of Bank, including if any, change of name, reaon for the change, and effective date of name change in
66, 69
the financial year;
2) Access to the Bank, including branch or representative offices, whereby the general public may obtain
information on the Issuer or Public Company, comprising of:
a) Address;
66
b) Telephone number;
c) E-mail address; and
d) Website address;
3) Brief profile of the Bank; 67-68, 70-71
4) Vision and mission of the Bank; 72
5) Line(s) of business according to the latest articles of association, business activites performed in the
79-81
Financial Year, and types of products and/or services provided;
2024 Annual Report | PT Bank CIMB Niaga Tbk 961
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Description Page
6) Organization structure of Bank, at the very least to 1 (one) level below the Directors, with names and
75-78
positions;
7) Shareholding structure and composition, that is, names of shareholders and percentage of shareownership,
including:
a) Shareholders with a minimum of 5% (five percent) of shares of the Bank;
b) Members of the Board of Directors and Board of Commissioners that own shares of the Bank;
117-122
c) Public shareholders, that is, shareholders that each held less than 5% (five percent) of shares of the
Bank;
d) information on the majority and controlling shareholder(s) of the Bank, direct or indirect, up to the
individual ultimate shareholders, presented in a schematic diagram or chart;
8) Name of subsidiary entity, associated company or joint venture company where the Bank exercise a joint
control with the entity, along with the percentage of shareownership, lines of business, total assets, and 127-129
operating status of the entity (if any);
9) For subsidiary entities, include information on address of such subsidiary entities; 127
10) Profiles of the Board of Directors and Board of Commissioners, covering at least
a) Composition of the Board of Directors and the Board of Commissioners, along with the position and
brief resume of the respective members thereof;
b) Names and position according to the duties and responsibilities;
c) Latest photograph;
d) Age;
e) Nationality;
f) Education background;
84-92
g) Work history, including information on:
(1) Legal basis of appointment as member of the Board of Directors and Board of Commissioner of the Bank
(2) Concurrent position(s), as member of the board of directors, board of commissioners, and/or
committes and other position (if any); and
(3) Work history, with period of service thereon, with or without the Bank;
h) Education and/or training attended by member of the Board of Directors and Board of Commissioners
for competence development during the financial year (if any); and
i) Affiliation with other member of the Board of Directors, Board of Commissioners, or the majority
shareholder (if any), disclosing the name of affiliated party.
11) In the event of changes in the membership composition of the Board of Directors and/or the Board of
Commissioners occuring subsequent to the end of the Financial Year and up to the deadline for submission
of the annual report of published financial statements and information on financial performance, 95
membership composition of the Board of Directors and/or Board of Commissioners shall be presented both
prior and after such change(s);
12) Brief profiles of executive officers, with structure, position and summary curriculum vitae; 96-112
13) Total headcount, and employee distribution in the Financial Year by education and age; and 113-116
14) Awards and/or certifications in domestic as well as international scope, received by the Bank in the last
Financial Year (if any), which covers:
a) Name of award and/or certification; 142-147
b) Issuing institution or agency; and
c) Validity period of such award and/or certification (if any).
2. Information on Financial Performance
a. Report of the Board of Directors
Brief description of the Bank performance, at the very least covering:
1) Strategy and policies of the Bank’s management, including for the Sharia Business Unit (UUS) for banks
46-48
that have an UUS;
2) Comparison between achievement and targets; 48
3) Constraints faced by the Bank; 48-49
4) Overview of business prospects; 50
5) Implementation of Bank governance; 53-54
6) Changes in the composition of the Board of Directors and reason for such changes (if any); 54
7) Organization structure; 49, 75-78
8) Primary activities; 49, 79-81
962 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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9) Information Technology; 47-48, 53
10) Types of products and services, including lending to debtors in the micro-, small- and medium-business sectors; 49, 80
11) Interest rates on deposits and loans; 49
12) Developments in the economy and target market; 50
13) Business and partnership networks, domestic and/or overseas; 49
14) Number, types and location of offices; 49
15) Ownership by the board of directors, board of commissioners and shareholders in the business group of the Bank; 50, 119-121
16) Significant changes at the Bank or the Bank’s business group in the reporting year; 50
17) Prediction of significant future issues; and 50
18) Human resources, covering number of employees as well as education, training, and development
52-53, 113-116
programs for human resources.
b. Report of the Board of Commissioners
The report of the Board of Commissioners covers at least:
1) Structure of the Board of Commissioners, with position and summary curriculum vitae; 42-42, 84-87
2) Assessment of the performance of the Board of Directors in the management of the Bank; 36
3) Supervision of the implementation of Bank’s strategies; 36
4) Opinion on the business prospects as prepared by the Board of Directors; 37
5) Opinion on the implementation of Bank governance; 38
6) Changes in the composition of the Board of Commissioners and reason for such changes (if any); and 40
7) Frequency and mechanism for advising members of the Board of Directors; 39
c. Management Discussion & Analysis
Management discussion and analysis presents an analysis and discussion of financial statements accounts
and other important information with an emphasis on material changes that occurred during the Financial Year,
which at least includes:
1) Review of operations by business segment, including for UUS, at least of:
a. Revenues; and 156-194
b. Profitability;
2) Review of financial performance, comprising a comparison of the financial performance for the current
year wuth the previous year, as well as explanation on the cause of changes and impact of such changes,
covering at least:
a. Investment of funds (investments and disbursement of loan/financing) and total assets;
b. Third party funds and other sources of funding;
195-196, 200-225
c. Equity;
d. Revenues, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss);
e. Cash flows; and
f. Prime lending rate;
3) Analysis of the quality of earning assets and relevant financial ratios; 207, 232
4) Capital structure of Bank; 233-234
5) Material information and facts subsequent to the date of accountant report (if any); and 240
6) Marketing aspects of Bank’s products, at least on marketing strategy amd market share; 252-255
3. Information on Risk Exposure and Capital
In the event that the Bank includes the corporate governance report into the Annual Financial Publication Report
and Financial Performance Information, the scope and guidelines for such report shall refer to the applicable POJK 262-375
on implementation of governance for commercial banks.
4. Governance Information
In the event that the Bank combines the report on the implementation of governance in the Financial Published
Report and Annual Financial Performance Information, the scope and guidelines for filling out refer to the POJK 380-615
regarding the implementation of governance for commercial banks.
5. Sustainability Report
a. As regulated in the relevant POJK, a Sustainability Report covers the implementation of sustainable financing
for financial services institutions, issuers and public companies. In the event that the Bank includes the
√
sustainability report into the Annual Financial Publication Report and Financial Performance Information, the
scope and guidelines for such report shall refer to the applicable POJK.
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Description Page
b. Report on the implementation of social and environmental responsibility as regulated in the relevant laws and
regulations on social and environmental repsonsibility for limited liability companies.
1) Information on the implementation of social and environmental responsibility covers the management
√
policy, types of programs and costs expended, on aspects of:
a) environment; √
b) labor practices; √
c) sound institutional practices; √
d) consumer; and √
e) community development. √
2) In the event that the Bank presents information on social and environmental responsibility as referred
to in point 1) in a separate report such as in a social and environmental responsibility report, the Bank is
√
exempted from disclosing information regarding social and environmental responsibility in the annual
report of published financial statements and information on financial performance.
6. Annual Financial Statements
The annual financial statements that have been audited by a Public Accountant and Public Accountant Firm
631-960
registered with the OJK.
7. Information on the Business Group of the Bank
a. A Bank that is part of a business group and/or have a Subsidiary, shall additionally report on:
1) Structure of the Bank business group, covering:
a) the structure of the business group, comprising of the Bank, Subsidiary Entities, related (sister)
companies, Parent Entity, and up to the ultimate shareholder;
117-122, 125-129
b) the structure of management inter-relationship of entities in the business group; and
c) any shareholders acting in concert. Shareholders acting in concert refer to individual or institutional
shareholders with a common objective of controlling the Bank, with or without a formal agreement;
2) transactions between the Bank and related parties in the Bank’s business group, with consideration of the
following:
a) information on transactions with related parties, whether conducted by Bank or by any entity in the
Bank business group in the financial sector;
b) related parties are parties defined as such in relevant financial accounting standards;
c) types of transaction with related parties, including:
(1) cross shareholding;
225, 240-245
(2) transactions by a business group performed in the interest of another business group
(3) short-term liquidity management in the business group;
(4) funding provided to, or received by, another entity in a business group;
(5) exposure to a majority shareholder in the form of, among others, loans, commitments and
contingencies; and
(6) transactions for the purchase, sale and/or rental of assets with another entity in the business
group, including transactions with repurchase agreement (repo);
3) transactions with related parties conducted by each entity in the Bank business group in the financial
242-244
sector;
4) the provision of funding, commitments or equivalent facilities from an entity in the Bank business group to
241-244
the customers and/or parties that already received financing from the Bank; and
5) any prohibition, restriction, and/or other significant constraint to transfer funds or to fulfill the required
241
regulatory capital between the Bank and other entities in a business group;
8. Additional Information for Banks that are also an Issuer and/or Public Company
The Bank that is also an Issuer and/or a Public Company should include in addition the scope of information in
√
accordance with the provisions of OJK Regulation regarding the annual report of issuer or public company.
964 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 963
SEOJK No. 16/SEOJK.04/2021:
Annual Report of Public Company
Description Page
I. General Provision
1. In this Financial Services Authority Circular Letter what is meant by:
a. The Annual Report is a report on the Board of Directors and Board of Commissioners accountability in
managing and supervising issuers or public companies within a period of 1 (one) fiscal year to the general
√
meeting of shareholders prepared based on the provisions of the Financial Services Authority Regulation
concerning the Annual Report of issuers or public companies
b. Issuers are parties who make public offerings √
c. A Public Company is a company whose shares are owned by at least 300 (three hundred) shareholders and
has a paid-up capital of at least Rp3,000,000,000.00 (three billion rupiah) or a number of shareholders and √
paid-up capital as determined by the Financial Services Authority
d. A Public Company is an Issuer that has made a public offering of equity securities or a Publically- listed
√
Company
e. A Sustainability Report is a report published to the public that contains the economic, financial, social,
and environmental performance of a financial service institution, Issuer, and Public Company in running a √
sustainable business
f Board of Directors:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the Board of Directors as
referred to in the Financial Services Authority Regulation concerning the Board of Directors and Board √
of Commissioners of an Issuer or Public Company; and
2) For an Issuer or a Public Company in the form of a legal entity other than a limited liability company, it is
the body that carries out the management of the legal entity as referred to in the laws and regulations √
concerning the legal entity.
g. Board of Commissioners:
1) For an Issuer or a Public Company in the form of a limited liability company, the Board of Commissioners
as referred to in the Financial Services Authority Regulation concerning the Board of Directors and √
Board of Commissioners of an Issuer or Public Company; and
2) For the Issuer or Public Company in the form of a legal entity other than a limited liability company, it is
the body that supervises the legal entity as referred to in the laws and regulations concerning the legal √
entity.
h. General Meeting of Shareholders hereinafter abbreviated as GMS:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the GMS as referred to
in the Financial Services Authority Regulation concerning the Planning and Organizing of the General √
Meeting of Shareholders of a Public Company; and
2) For an Issuer or Public Company in the form of a legal entity other than a limited liability company, it is the
body that has authority that is not given to any other body that carries out management and supervisory
√
functions, within the limits specified in the legislation and/or articles of association governing the legal
entity.
2. The Annual Report of Issuers or Public Companies is an important source of information for investors or
shareholders as one of the basic considerations in making investment decisions and a means of supervision of √
Issuers or Public Companies.
3. Along with the development of the capital market and the increasing need for information disclosure by investors
or shareholders, the Board of Directors and the Board of Commissioners are required to present quality, accurate, √
and accountable information through the Annual Reports of Issuers or Public Companies.
4. Annual Reports that are prepared regularly and informatively can provide convenience for investors or shareholders
√
and stakeholders in obtaining the required information.
5 This Financial Services Authority Circular is a guideline for Issuers or Public Companies that must be applied in
√
preparing Annual Reports and Sustainability Reports.
II. Format of Annual Report
1. Annual Report should be presented in the printed format and in electronic document copy.. √
2. The printed version of the Annual Report should be printed on light-colored paper of fine quality, in A4 size, bound
√
and can be reproduced in good quality.
3. The Annual Report may present information in the form of pictures, graphs, tables, and/or diagrams by including
√
clear titles and/or descriptions, so that they are easy to read and understand.
2024 Annual Report | PT Bank CIMB Niaga Tbk 965
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Description Page
4. The Annual Report presented in electronic document format is the Annual Report converted into pdf format. √
III. Content of Annual Report
1. Annual Report should contain at least the following information:
a. Summary of key financial information; 18
b. Stock information (if any); 23
c. The Board of Directors report; 44
d. The Board of Commissioners report; 34
e. Profile of Issuer or Public Company; 66
f. Management discussion and analysis; 152
g. Corporate governance applied by the Issuer or Public Company; 408
h. Corporate social and environmental responsibility of the Issuer or Public Company; 618
i. Audited annual report; and 631
j. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the Annual
60
Report;
2. Description of Content of Annual Report
a. Summary of Key Financial Information
Summary of Key Financial Information contains financial information presented in comparison with previous 3
(three) fiscal years or since commencement of business if the Issuers or the Public Company commencing the
business less than 3 (three) years, at least contain:
1) income/sales;
2) gross profit;
3) profit (loss);
4) total profit (loss) attributable to equity holders of the parent entity and non-controlling interest;
5) total comprehensive profit (loss);
6) total comprehensive profit (loss) attributable to equity holders of the parent entity and non controlling
interest;
7) earning (loss) per share; 18-20
8) total assets;
9) total liabilities;
10) total equities;
11) profit (loss) to total assets ratio;
12) profit (loss) to equities ratio;
13) profit (loss) to income ratio;
14) current ratio;
15) liabilities to equities ratio;
16) liabilities to total assets ratio; and
17) other information and financial ratios relevant to the Issuer or Public Company and type of industry;
b. Stock Information
Stock Information (if any) at least contains:
1) shares issued for each three-month period in the last 2 (two) fiscal years (if any), at least covering:
a) number of outstanding shares;
b) market capitalization based on the price at the Stock Exchange where the shares listed on;
c) highest share price, lowest share price, closing share price at the Stock Exchange where the shares
listed on; and
23-24
d) share volume at the Stock Exchange where the shares listed on;
Information in point a) should be disclosed by the Issuer, the public company whose shares is listed or
not listed in the Stock Exchange;
Information in point b), point c), and point d) only be disclosed if the Issuer is a public company whose
shares is listed in the Stock Exchange;
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2) in the event of corporate actions, including stock split, reverse stock, dividend, bonus share, and change
in par value of shares, then the share price referred to in point 1), should be added with explanation on:
a) date of corporate action;
b) stock split ratio, reverse stock, dividend, bonus shares, and change in par value of shares; 24
c) number of outstanding shares prior to and after corporate action; and
d) The number of convertible securities exercised (if any); and
e) share price prior to and after corporate action;
3) in the event that the company’s shares were suspended and/or delisted from trading during the year
under review, then the Issuers or Public Company should provide explanation on the reason for the 24
suspension and/or delisting; and
4) in the event that the suspension and/or delisting as referred to in point 3) was still in effect until the date
of the Annual Report, then the Issuer or the Public Company should also explain the corporate actions 24
taken by the company in resolving the suspension and/or delisting;
c. The Board of Directors Report
The Board of Directors Report should at least contain the following items:
1) the performance of the Issuer or Public Company, at least covering:
a) strategy and strategic policies of the Issuer or Public Company; 46-48
b) Role of the Board of Directors in formulating strategies and strategic policies of Issuers or Public
48
Companies;
c) Process carried out by the Board of Directors to ensure the implementation of the Issuer’s or Public
48
Company’s strategy;
d) comparison between achievement of results and targets; and 48
e) challenges faced by the Issuer or Public Company; 48-49
2) description on business prospects; 50
3) implementation of good corporate governance by Issuer or Public Company; and 53-54
4) changes in the composition of the Board of Directors and the reason behind (if any); 54
d. The Board of Commissioners Report
The Board of Commissioners Report should at least contain the following items:
1) Assessment on the performance of the Board of Directors in managing the Issuer or the Public Company; 36
2) Supervision on the implementation of the strategy of the Issuer or Public Company; 36
3) View on the business prospects of the Issuer or Public Company as established by the Board of Directors; 37
4) View on the implementation of the corporate governance by the Issuer or Public Company; 39
5) Changes in the composition of the Board of Commissioners and the reason behind (if any); and 40
e. Profile of the Issuer or Public Company
Profile of the Issuer or Public Company should cover at least:
1) Name of Issuer or Public Company, including change of name, reason of change, and the effective date
66, 69
of the change of name during the year under review;
2) access to Issuer or Public Company, including branch office or representative office, where public can
have access of information of the Issuer or Public Company, which include:
a) Address;
b) Telephone number; 66
c) Facsimile number;
d) E-mail address; and
e) Website address;
3) Brief history of the Issuer or Public Company; 67-68, 70-71
4) Vision and mission of the Issuer or Public Company; 72
5) Line of business according to the latest Articles of Association, and types of products and/or services
79-81
produced;
6) Operational area of the Issuer or Public Company 82-83
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7) Structure of organization of the Issuer or Public Company in chart form, at least 1 (one) level below the
75-78
Board of Directors, with the names and titles;
8) List of industry association memberships both on a national and international scale related to the
69
implementation of sustainable finance;
9) The Board of Directors profiles include:
a) Name and short description of duties and functions;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) history position, covering information on:
(1) Legal basis for appointment as member of the Board of Directors to the said Issuer or Public
Company; 84-87
(2) Dual position, as member of the Board of Directors, member of the Board of Commissioners,
and/or member of committee, and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Directors, members of the Board of Commissioners, majority
and controlling shareholders, either directly or indirectly to individual owners, including names of affiliated
parties. In the event that a member of the Board of Directors has no affiliation, the Issuer or Public Company
shall disclose this matter; and
h) Changes in the composition of the members of the Board of Directors and the reasons for the changes. In
the event that there is no change in the composition of the members of the Board of Directors, this matter
shall be disclosed;
10) The Board of Commissioners profiles, at least include:
a) Name;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) History position, covering information on:
(1) Legal basis for the appointment as member of the Board of Commissioners who is not
Independent Commissioner at the said Issuer or Public Company;
(2) Legal bases for the first appointment as member of the Board of Commissioners who also
Independent Commissioner at the said Issuer or Public Company; 88-92
(3) Dual position; as member of the Board of Commissioners, member of the Board of Directors, and/or
member of committee and other position (if any); and
(4) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Commissioners, major shareholders, and controllers
either directly or indirectly to individual owners, including names of affiliated parties; In the event
that a member of the Board of Commissioners has no affiliation, the Issuer or Public Company shall
disclose this matter;
h) Statement of independence of Independent Commissioner in the event that the Independent
Commissioner has been appointed more than 2 (two) periods (if any);
i) Changes in the composition of the members of the Board of Commissioners and the reasons for the
changes. In the event that there is no change in the composition of the members of the Board of
Commissioners, this matter shall be disclosed;
11) In the event that there were changes in the composition of the Board of Commissioners and/or the Board
of Directors occurring between the period after year-end until the date the Annual Report submitted,
95
then the last and the previous composition of the Board of Commissioners and/or the Board of Directors
shall be stated in the Annual Report;
12) Number of employees by gender, position, age, education level, and employment status (permanent/
113-116
contracted) in the fiscal year; Disclosure of information can be presented in tabular form.
13) Names of shareholders and ownership percentage at the end of the fiscal year, including:
a) Shareholders having 5% (five percent) or more shares of Issuer or Public Company;
b) Commissioners and Directors who own shares of the Issuers or Public Company; and 117-122
c) Groups of public shareholders, or groups of shareholders, each with less than 5% (five percent)
ownership shares of the Issuers or Public Company;
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14) The percentage of indirect ownership of the shares of the Issuer or Public Company by members of the Board
of Directors and members of the Board of Commissioners at the beginning and end of the fiscal year, including
119-121
information on shareholders registered in the shareholder register for the benefit of indirect ownership of
members of the Board of Directors and members of the Board of Commissioners;
15) Number of shareholders and ownership percentage at the end of the fiscal year, based on:
a) Ownership of local institutions;
b) Ownership of foreign institutions; 118-119
c) Ownership of local individual; and
d) Ownership of foreign individual;
16) Information on major shareholders and controlling shareholders the Issuers of Public Company, directly
125
or indirectly, and also individual shareholder, presented in the form of scheme or diagram;
17) Name of subsidiaries, associated companies, joint venture controlled by Issuers or Public Company, with
entity, percentage of stock ownership, line of business, total assets and operating status of the Issuers
of Public Company (if any); 127-129
For subsidiaries, include the addresses of the said subsidiaries;
18) Chronology of share listing, number of shares, par value, and bid price from the beginning of listing up to
the end of the financial year, and name of Stock Exchange where the Issuers of Public Company shares 123
are listed;
19) Other securities listing information other than the securities as referred to in number 18), which have not
yet matured in the fiscal year, at least contain the name of the securities, year of issue, interest rate/yield, 124
maturity date, offering value, and securities rating (if any);
20) Information on the use of a Public Accountant (AP) and a Public Accounting firm (KAP) services and their
networks/associations/alliances include:
a) name and address;
b) period of assignment;
130-131
c) informasi jasa audit dan/atau non audit yang diberikan;
d) Audit and/or non-audit fees for each assignment given during the fiscal year; and
e) In the event that AP and KAP and their network/association/alliance, which are appointed do not
provide non-audit services, then the information is disclosed; and
21) Name and address of capital market supporting institutions and/or professionals other than AP and KAP 131
f. Management Discussion and Analysis
Management Analysis and Discussion Annual should contain discussion and analysis on financial statements
and other material information emphasizing material changes that occurred during the year under review, at
least including:
1) Operational review per business segment, according to the type of industry of the Issuer or Public
Company including:
a) Production, including process, capacity, and growth; 156-194
b) Income/sales; and
c) Profitability;
2) comprehensive financial performance analysis which includes a comparison between the financial
performance of the last 2 (two) fiscal years, and explanation on the causes and effects of such changes,
among others concerning:
a) Current assets, non-current assets, and total assets;
b) Short term liabilities, long term liabilities, total liabilities; 200-223
c) Equities;
d) Sales/operating revenues, expenses and profit (loss), other comprehensive revenues, and total
comprehensive profit (loss); and
e) Cash flows
3) The capacity to pay debts by including the computation of relevant ratios; 229-232
4) Accounts receivable collectability of the Issuer or Public Company, including the computation of the
232
relevant ratios;
5) Capital structure and management policies concerning capital structure, including the basis for
233-234
determining the said policy;
2024 Annual Report | PT Bank CIMB Niaga Tbk 969
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Description Page
6) discussion on material ties for the investment of capital goods, including the explanation on at least:
a) The purpose of such ties;
b) Source of funds expected to fulfill the said ties;
235
c) Currency of denomination; and
d) Steps taken by the Issuer of Public Company to protect the position of a related foreign currency
against risks;
7) Discussion on investment of capital goods which was realized in the last fiscal year, at least include:
a) Type of investment of capital goods;
235
b) Objective of the investment of capital goods; and
c) Value of the investment of capital goods;
8) Material Information and facts that occurring after the date of the accountant’s report (if any); 240
9) Information on the prospects of the Issuer or the Company in connection with industry,economy in
255-256
general, accompanied with supporting quantitative data if there is a reliable data source;
10) Comparison between target/projection at beginning of year and result (realization), concerning:
a) Income/sales;
b) Profit (loss);
236
c) Capital structure; or
d) Dividend policy; or
e) Others that deemed necessary for the Issuer or Public Company;
11) Target/projection at most for the next one year of the Issuer or Public Company, concerning:
a) Income/sales;
b) Profit (loss);
237
c) Capital structure; or
d) Dividend policy;
e) Or others that deemed necessary for the Issuer or Public Company;
12) Marketing aspects of the company’s products and/or services the Issuer or Public Company, among
252-255
others marketing strategy and market share;
13) Description regarding the dividend policy during the last 2 (two) fiscal years, at least:
a) Dividend policy;
b) The date of the payment of cash dividend and/or date of distribution of non-cash dividend;
c) Amount of cash per share (cash and/or non cash); and 237-238
d) Amount of dividend per year paid;
Disclosure of information can be presented in tabular form. In the event that the Issuer or Public Company
does not distribute dividends in the last 2 (two) years, this matter shall be disclosed.
14) Use of proceeds from Public Offerings, under the condition of:
a) during the year under review, on which the Issuer has the obligation to report the realization of the
use of proceeds, then the realization of the cumulative use of proceeds until the year end should
be disclosed; and 240
b) In the event that there were changes in the use of proceeds as stipulated in the Regulation of the
Financial Services Authority on the Report of the Utilization of Proceeds from Public Offering, then
Issuer should explain the said changes;
970 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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15) Material information (if any), among others concerning investment, expansion, divestment, acquisition,
debt/capital restructuring, transactions with related parties and transactions with conflict of interest
that occurred during the year under review, among others include:
a) Transaction date, value, and object;
b) Name of transacting parties;
c) Nature of related parties (if any);
d) Description of the fairness of the transaction; and
e) Compliance with related rules and regulations;
f) In the event that there is an affiliation relationship, apart from disclosing the information as referred
to in letter a) to letter e), the Issuer or Public Company also discloses information:
1) A statement from the Board of Directors that the affiliate transaction has gone through
adequate procedures to ensure that the affiliate transaction is carried out in accordance with
241-244
generally accepted business practices, by complying with the arms-length principle; and
2) The role of the Board of Commissioners and the audit committee in carrying out adequate
procedures to ensure that affiliated transactions are carried out in accordance with generally
accepted business practices, by complying with the arms-length principle;
g) For affiliated transactions or material transactions which are business activities carried out to generate
business income and are carried out regularly, repeatedly, and/or continuously, an explanation is added
that the affiliated transactions or material transactions are business activities carried out to generate
operating income. and run regularly, repeatedly, and/or continuously;
h) For disclosure of affiliated transactions and/or conflict of interest transactions resulting from the
implementation of affiliated transactions and/or conflict of interest transactions that have been
approved by independent shareholders, additional information regarding the date of the GMS
which approved the affiliated transactions and/or conflict of interest transactions is added;
i) In the event that there is no affiliated transaction and/or conflict of interest transaction, then this
shall be disclosed;
16) Changes in regulation which have a significant effect on the Issuer or Public Company and impacts on
246-249
the company (if any); and
17) Changes in the accounting policy, rationale and impact on the financial statement (if any); 250
g. Corporate Governance of the Issuer or Public Company
Corporate Governance of the Issuer or Public Company contains at least:
1) GMS, at least contains:
a) Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the
fiscal year include:
1) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year realized in the
fiscal year; and 419-436
2) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that have not
been realized and the reasons for not realizing them;
b) In the event that the Issuer or Public Company uses an independent party in the conduct of the GMS
to calculate the votes, then this matter shall be disclosed;
2) The Board of Directors, covering:
a) The tasks and responsibilities of each member of the Board of Directors;
b) Statement that the Board of Directors has already have board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Directors, meetings of the
Board of Directors with the Board of Commissioners, and the level of attendance of members of the
Board of Directors in the meeting including attendance at the GMS;
d) Training and/or competency development of members of the Board of Directors:
(1) Policies for training and/or improving the competence of members of the Board of Directors, including
an orientation program for newly appointed members of the Board of Directors (if any); and
452-469
(2) Training and/or competency improvement attended by members of the Board of Directors in
the fiscal year (if any);
e) The Board of Directors’ assessment of the performance of the committees that support the
implementation of the Board of Directors’ duties for the fiscal year shall at least contain:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, are competence and
attendance at meetings; and
f) In the event that the Issuer or Public Company does not have a committee that supports the
implementation of the duties of the Board of Directors, this matter shall be disclosed.
2024 Annual Report | PT Bank CIMB Niaga Tbk 971
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Description Page
3) The Board of Commissioners, among others include:
a) Duties and responsibilities of the Board of Commissioners;
b) Statement that the Board of Commissioner has already have the board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Commissioners, meetings of
the Board of Commissioners with the Board of Directors and the level of attendance of members of the
Board of Commissioners in these meetings including attendance at the GMS;
d) Training and/or competency improvement of members of the Board of Commissioners:
(1) Policy on competency training and/or development of members of the Board of Commissioners,
including orientation programs for newly appointed members of the Board of Commissioners (if
any); and
(2) Competency training and/or development attended by members of the Board of Commissioners in
the fiscal year (if any); 437-452
e) The assessment on the performance of the Board of Directors and Board of Commissioners and the
implementation, at least covering:
(1) procedure for the implementation of performance assessment;
(2) Criteria used are performance achievements during the fiscal year, competency and
attendance at meetings; and
(3) Assessor;
f) Board of Commissioners’ assessment of the performance of the Committees that support the
implementation of the duties of the Board of Commissioners in the fiscal year includes:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, competency and attendance
at meetings;
4) The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at
least contain:
a) Nomination procedure, including a brief description of the policies and process for nomination of
members of the Board of Directors and/or members of the Board of Commissioners; and
b) Procedures and implementation of remuneration for the Board of Directors and the Board of
Commissioners, among others:
477-483
(1) Procedures for determining remuneration for the Board of Directors and the Board of
Commissioners;
(2) The remuneration structure of the Board of Directors and the Board of Commissioners such as
salary, allowances, tantiem/bonus and others; and
(3) The amount of remuneration for each member of the Board of Directors and member of the
Board of Commissioners
5) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on sharia law, as
stipulated in the articles of association, at least containing:
a) name;
b) Legal basis for the appointment of the sharia supervisory board;
93-95, 406-614
c) Period of assignment of the sharia supervisory board;
d) duty and responsibility of Sharia Supervisory Board; and
e) frequency and procedure in providing advice and suggestion, as well as the compliance of Sharia
Principles by the Issuer or Public Company in the Capital Market;
972 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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6) Audit Committee, among others covering:
a) Name and position in the committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position; including:
(1) Legal basis for appointment as committee member;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/or
member of committee, and other position (if any); and 486-493
(3) working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) statement of independence of the Audit Committee;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Policies and implementation of the frequency of audit committee meetings and the level of
attendance of audit committee members in those meetings; and
j) the activities of the Audit Committee in the year under review, in accordance with the Audit
Committee Charter;
7) The nomination and remuneration committee or function of the Issuer or Public Company, at least
containing:
a) Name and position in committee membership;
b) Age;
c) Nationality;
d) Educational history;
e) Position history, including information on:
(1) Legal basis for appointment as committee member;
(2) Concurrent positions, either as a member of the Board of Commissioners, member of the
Board of Directors, and/or committee member and other positions (if any); and
(3) Work experience and period of time both inside and outside the Issuer or Public Company;
f) Period and term of office of the committee members; 501-508
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Description of duties and responsibilities;
j) A statement that it has a guideline or charter;
k) Policies and implementation of the frequency of meetings and the level of attendance of members
at the meeting;
l) Brief description of the implementation of activities in the fiscal year; and
m) In the event that no nomination and remuneration committee is formed, the Issuer or Public
Company is sufficient to disclose the information as referred to in letter i) to letter l) and disclose:
(1) Reasons for not forming the committee; and
(2) The party carrying out the nomination and remuneration function;
2024 Annual Report | PT Bank CIMB Niaga Tbk 973
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8) Other committees owned by Issuers or Public Companies in order to support the functions and tasks of the Board
of Directors (if any) and / or committees that support the functions and duties of the Board of Commissioners, the
least contains:
a) Name and position in the Committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position, including:
(1) Legal basis for the appointment as member of the committee;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/or
member of committee, and other position (if any); and 494-500, 509-515
(3) Working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any); and
i) Description of duties and responsibilities;
j) A statement that the committee has had guidelines or charters;
k) Policies and implementation of the frequency of committee meetings and the level of attendance of
committee members at the meeting; and
l) A brief description of the committee’s activities for the fiscal year;
9) Corporate Secretary, including:
a) name;
b) domicile;
c) history of position, including:
(1) legal basis for the appointment as Corporate Secretary; and
523-526
(2) working experience and period in and outside the Issuer or Public Company;
d) education background;
e) education and/or training during the year under review; and
f) brief description on the implementation of duties of the Corporate Secretary in the year under
review;
10) Internal Audit Unit, among others including:
a) Name of Head of Internal Audit Unit;
b) History of position, including:
(1) Legal basis for the appointment as Head of Internal Audit Unit; and
(2) Working experience and period in and outside the Issuer or Public Company;
c) Qualification or certification as internal auditor (if any); 527-534
d) Education and/or training during the year under review;
e) Structure and position of Internal Audit Unit;
f) Description of duties and responsibilities;
g) Statement that the Internal Audit Unit has already have Internal Audit Unit charter; and
h) Brief description on the implementation of duty of Internal Audit Unit during the year under review;
11) Description on internal control system adopted by the Issuer or Public Company, at least covering:
a) Financial and operational control, and compliance to the other prevailing rules; and
b) Review on the effectiveness of internal control systems; 552-554
c) Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the internal control
system;
974 PT Bank CIMB Niaga Tbk | 2024 Annual Report
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12) Risk management system implemented by the company, at least includes:
a) General description about the company’s risk management system the Issuer or Public Company;
b) Types of risk and the management; and 262- 375
547-551
c) Review the effectiveness of the risk management system applied by the Issuer or Public Company;
d) Statement of the Board of Directors and/or the Board of Commissioners or the audit committee on the
adequacy of the risk management system;
13) Legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, members of
the Board of Directors and members of the Board of Commissioners (if any), at least contain:
a) Substance of the case/claim; 554-556
b) Status of settlement of case/claim; and
c) Potential impacts on the condition of the Issuer or Public Company;
14) information about administrative sanctions imposed to Issuer or Public Company, members of the Board
of Commissioners and the Board of Directors, by the Capital Market Authority and other authorities 557
during the last fiscal year (if any);
15) information about codes of conduct of the Issuer or Public Company, includes:
a) Key points of the code of conduct;
b) Socialization of the code of conduct and enforcement; and 566-569
c) Statement that the code of conduct is applicable for the Board of Commissioners, the Board of
Directors, and employees of the Issuer of Public Company;
16) A brief description of the policy of providing long-term performance-based compensation to management
and/or employees owned by the Issuer or Public Company (if any), including the management stock
ownership program (MSOP) and/or program employee stock ownership (ESOP);
a) Number of shares and/or options;
238-239
b) Implementation period;
c) Requirements for eligible employees and/or management; and
d) Exercise price or determination of exercise price;
17) A brief description of the information disclosure policy regarding:
a) Share ownership of members of the Board of Directors and members of the Board of Commissioners
no later than 3 (three) working days after the occurrence of ownership or any change in ownership 561
of shares of a Public Company; and
b) Implementation of the policy;
18) Description of whistleblowing system at the Issuer or Public Company (if any), among others include:
a) Mechanism for violation reporting;
b) Protection for the whistleblower;
c) Handling of violation reports;
580-583
d) Unit responsible for handling of violation report; and
e) Results from violation report handling, at least includes:
(1) Number of complaints received and processed during the fiscal year; and
(2) Follow up of complaints;
19) A description of the anti-corruption policy of the Issuer or Public Company, at least containing:
a) Programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud, bribery
558-560
and/or gratification in Issuers or Public Companies; and
b) Anti-corruption training/socialization to employees of Issuers or Public Companies;
20) Implementation of the Guidelines of Corporate Governance for Public Companies for Issuer issuing
Equity-based Securities or Public Company, including:
a) statement regarding recommendation that have been implemented; and/or 594-597
b) description of recommendation that have not been implemented, along with the reason and
alternatives of implementation (if any);
h. Social and Environmental Responsibility of the Issuer or Public Company
2024 Annual Report | PT Bank CIMB Niaga Tbk 975
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Description Page
1) The information disclosed in the social and environmental responsibility section is a Sustainability Report
as referred to in the Financial Services Authority Regulation Number 51/POJK.03/2017 concerning
√
the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public
Companies, at at least includes:
a) Explanation of the sustainability strategy; √
b) Overview of sustainability aspects (economic, social, and environmental); √
c) Brief profile of the Issuer or Public Company; √
d) Explanation of the Board of Directors; √
e) Sustainability governance; √
f) Sustainability performance; √
g) Written verification from an independent party, if any; √
h) Feedback sheet for readers, if any; and √
i) The response of the Issuer or Public Company to the previous year’s report feedback; √
2) The Sustainability Report as referred to in number 1) must be prepared in accordance with the Technical
Guidelines for the Preparation of a Sustainability Report for Issuers and Public Companies as contained √
in Appendix II which is an integral part of this Financial Services Authority Circular Letter;
3) Information on the Sustainability Report in number 1) can:
a) Disclosed in other relevant sections outside the Social and Environmental Responsibility section,
such as the Directors’ explanation regarding the Sustainability Report disclosed in the section related √
to the Directors’ Report; and/or
b) Refers to other sections outside the Social and Environmental Responsibility section by still
referring to the Technical Guidelines for the Preparation of Sustainability Reports for Issuers
√
and Public Companies as listed in Appendix II which is an integral part of this Financial Services
Authority Circular Letter, such as the profile of the Issuer or Public Company;
4) The Sustainability Report as referred to in number 1) is an inseparable part of the Annual Report but can
√
be presented separately from the Annual Report;
5) In the event that the Sustainability Report is presented separately from the Annual Report, the
information disclosed in the Sustainability Report must:
a) Contains all the information as referred to in number 1); and √
b) Prepared in accordance with the Technical Guidelines for the Preparation of a Sustainability Report
for Issuers and Public Companies as listed in Appendix II which is an integral part of this Financial √
Services Authority Circular Letter;
6) In the event that the Sustainability Report is presented separately from the Annual Report, then the
Social and Environmental Responsibility section contains information that information on Social
√
and Environmental Responsibility has been disclosed in the Sustainability Report which is presented
separately from the Annual Report; and
7) Submission of the Sustainability Report which is presented separately from the Annual Report must be
√
submitted together with the Annual Report.
i Audited Annual Financial Statement √
Financial Statements included in Annual Report should be prepared in accordance with the Financial
Accounting Standards in Indonesia and audited by an Accountant. The said financial statement should be
included with statement of responsibility for financial report as stipulated in the legislations in the Capital
√
Markets sector governing the responsibility of the Board of Directors on the financial report or the legislations
in the Capital Markets sector governing the periodic reports of securities company in the event the Issuer is
a Securities Company; and
j Letter of Statement of the Board of Directors and the Board of Commissioners regarding the Responsibility
√
for Annual Reporting
Letter of statement of the Board of Directors and the Board of Commissioners regarding the responsibility for
Annual Reporting should be prepared according to the format of letter of statement of member of Board of
√
Directors and the Board of Commissioners regarding the responsibility for Annual Reporting as attached in
the Attachment, which is an integral part of this Circulation Letter of the Financial Services Authority.
976 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Page 975
2024 Annual Report | PT Bank CIMB Niaga Tbk 977
Page 976
2024 Annual Report
PT Bank CIMB Niaga Tbk
Action and
Collaboration
Collaboration
Action and
PT Bank CIMB Niaga Tbk
Corporate Secretary
Graha CIMB Niaga
PT Bank CIMB Niaga Tbk
Jl. Jend Sudirman Kav. 58
Jakarta 12190, Indonesia
2024 Annual Report
Tel. : +62 21 250 5252, 250 5353
Fax. : +62 21 250 5205
E-mail : corporate.secretary@cimbniaga.co.id
Facebook : CIMB Niaga
X : @CIMBNiaga
Instagram : cimb_niaga
YouTube : CIMB Niaga
LinkedIn : CIMB Niaga
TikTok : cimb.niaga
www.cimbniaga.co.id
978 PT Bank CIMB Niaga Tbk | 2024 Annual Report
Names mentioned 182 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Risk Information Containing
p.7
unresolved
org
Financial Services Authority
p.8 ×6
unresolved
—
Affiliated Relationships
p.8
unresolved
—
Sharia
p.8
unresolved
org
Bank Thermal Coal Mining
p.13
unresolved
org
Bank Indonesia
p.20 ×25
unresolved
org
PT CIMB Niaga Sekuritas
p.24 ×3
unresolved
org
PT Bank Niaga
p.25 ×15
unresolved
org
Indonesia Stock Exchange
p.25 ×4
unresolved
org
Minister of Finance
p.25 ×5
unresolved
org
Investment Corporation
p.25 ×2
unresolved
org
PT Merchant Investment Corporation
p.25
unresolved
org
PT Finconesia
p.25
unresolved
org
PT Indonesian Investment International
p.25
unresolved
org
PT Inter-Pacific Financial Corporation
p.25
unresolved
org
PT Multinational Finance Corporation
p.25
unresolved
org
PT Mutual International Finance Corporation
p.25
unresolved
org
PT Private Development Finance
p.25
unresolved
org
PT Aseam Indonesia
p.25
unresolved
person
Drs. Siddharta
p.25
unresolved
person
Kartini Muljadi
p.25
unresolved
org
Bank Lippo Tbk
p.25 ×8
unresolved
org
PT Bank Bank CIMB Niaga III
p.27
unresolved
org
PT Bank Mudharabah I Bank
p.27
unresolved
org
PT Bank Bank CIMB Niaga Phase
p.27
unresolved
org
PT Bank Bank CIMB Niaga Year
p.27
unresolved
org
PT Bank Mudharabah I Bank CIMB
p.27 ×2
unresolved
org
PT Bank Bank CIMB Niaga Phase I
p.27 ×2
unresolved
org
Bank Deposits
p.28
unresolved
person
Dody Budi Waluyo
p.42 ×5
unresolved
person
Novan Amirudin
p.42 ×2
unresolved
org
Bank Business Group. Lower
p.52
unresolved
person
Sharia Supervisory Board Dr. Yulizar Djamaluddin Sanrego
p.61 ×5
unresolved
org
SWIFT Code
· Company Name
p.68
unresolved
org
Ministry of Law and Human Rights
p.68
unresolved
org
PT Bank Agung
p.68 ×2
unresolved
org
PT Bank Tabungan Bandung
p.68 ×2
unresolved
org
PT Bank Amerta
p.68 ×2
unresolved
org
Minister of Justice
p.69 ×2
unresolved
org
Minister of Law and Human Rights
p.69 ×4
unresolved
org
PT Bursa Efek Surabaya
p.69
unresolved
person
Dr. Amrul Partomuan Pohan
p.70 ×5
unresolved
org
Government of the Republic of Indonesia
p.70
unresolved
org
Bank Restructuring Agency
p.70 ×2
unresolved
org
Minister of Law
p.70 ×2
unresolved
org
Bapepam-LK
· Ketua
p.70 ×12
unresolved
org
PT Bank Niaga Deed
p.71
unresolved
org
Bank Preferred Phone Banking
p.73
unresolved
—
RMC
· President Director
p.76
unresolved
org
Branchless & Partners
p.76
unresolved
person
H. Hotamawaty
p.77
unresolved
person
Ratam
p.78 ×2
unresolved
org
Bank Indonesia Certificates
p.78
unresolved
org
Bank Indonesia Foreign Exchange Securities
p.79
unresolved
org
Bank Indonesia Foreign Currency Sukuk
p.79
unresolved
org
Bank Draft
p.79
unresolved
org
Bank Berhad
p.82 ×11
unresolved
org
PT Pabrik Kertas Basuki Rachmat
p.82
unresolved
org
PT Polyprima Karyareksa
p.82
unresolved
org
London Sumatera Indonesia Tbk
p.82 ×2
unresolved
org
Ministry of Finance
p.82 ×2
unresolved
org
PT Bahana Pembinaan Usaha Indonesia
p.82
unresolved
person
Positions
· Commissioner
p.83
unresolved
org
Bank Malaysia
p.86
unresolved
—
Reappointed
· Director
p.87
unresolved
org
Bank Danamon Indonesia Experiences
p.87
unresolved
org
Bank International Indonesia
p.87 ×3
unresolved
org
Bank Commonwealth
p.88
unresolved
org
Bank Ekonomi Raharja
p.88
unresolved
org
PT Barclays Bank Indonesia
p.88
unresolved
org
Bank Putra Surya Perkasa
p.88
unresolved
org
Bank Dharmala
p.88
unresolved
org
PT Mainsis Dharmatama Canggih
p.88
unresolved
org
PT Great River Garment Industries
p.88
unresolved
org
Deutsche Bank Securities Inc.
p.90
unresolved
org
ABN Amro Bank N.V.
p.90
unresolved
person
Other Institutions
· Director
p.90
unresolved
org
PT Bank CIMB Niaga Experiences
p.90
unresolved
org
PT I-Lead Indonesia
p.90
unresolved
org
Accrued Expenses CIMB Thai Bank Public Company Limited
p.241
unresolved
org
PT Niaga Manajemen Citra
p.241 ×5
unresolved
org
PT Synergy Dharma Nayaga
p.241 ×3
unresolved
org
Southeast Asia Special Asset Vehicle Limited
p.241 ×2
unresolved
org
CIMB Private Equity Sdn Bhd
p.241
unresolved
org
Dana Pensiun Bank CIMB Niaga
p.241 ×4
unresolved
org
Bank As
p.241
unresolved
org
CIMB Thai Bank Public Company Limited
p.241 ×2
unresolved
org
PT CGS-CIMB Sekuritas Indonesia
p.241 ×5
unresolved
org
Bank CIMB Niaga’s Articles
p.650
unresolved
person
Ashoya Ratam
p.650
unresolved
org
Menteri Hukum dan Asasi Manusia Republik
p.650
unresolved
org
Menteri Keuangan
p.650
unresolved
org
Reksa Dana
p.657
unresolved
org
Reksa Dana Terproteksi BRI MI Dana Terproteksi BRI MI
p.657
unresolved
org
Reksa Dana Terproteksi Sam Sejahtera Dana Terproteksi Sam Sejahtera
p.657
unresolved
org
Reksa Dana Terproteksi Bahana Ultima Dana Terproteksi Bahana Ultima
p.657
unresolved
person
Vice
· Presiden Komisaris
p.657 ×6
unresolved
person
Glenn Muhammad Surya Yusuf
p.657 ×10
unresolved
person
Sri Widowati
p.657 ×4
unresolved
person
Dato’ Abdul Rahman Ahmad
p.657 ×4
unresolved
person
Endang Kussulanjari S.
p.658 ×6
unresolved
person
Angelique Dewi Daryanto
p.658 ×6
unresolved
person
Riatu Mariatul Qibthiyyah
p.659 ×2
unresolved
person
Ronald T. A. Kasim
p.659 ×3
unresolved
org
Bank CIMB Niaga’s Audit Committee
p.659
unresolved
org
Bank CIMB Niaga’s Risk Oversight
p.659
unresolved
person
Farina J. Situmorang
p.659 ×4
unresolved
org
Bank CIMB Niaga’s Risk Oversight Committee
p.660
unresolved
org
Bank CIMB Niaga’s Nomination
p.660
unresolved
person
Nora Joice Kimbal
p.660
unresolved
org
Bank CIMB Niaga’s Integrated Niaga
p.661
unresolved
person
Serena K. Ferdinandus
p.661 ×3
unresolved
person
Yulizar D. Sanrego
p.661 ×3
unresolved
person
Achiran Pandu Djajanto
p.661 ×3
unresolved
org
Bank CIMB Niaga’s Sharia Supervisory
p.661
unresolved
org
Bank CIMB Niaga’s Internal Audit
p.662
unresolved
person
Antonius Pramana Gunadi.
p.662
unresolved
org
Bank Sekretaris Perusahaan Bank CIMB Niaga
p.662
unresolved
org
Bank CIMB Tbk
p.662 ×2
unresolved
org
Niaga Tbk
p.662
unresolved
org
Bapepam
p.662 ×2
unresolved
person
Lani Darmawan Bpk. John Simon
p.822 ×27
unresolved
person
John Simon Ibu Fransiska Oei
p.822 ×13
unresolved
person
Fransiska Oei Bpk. Rusly Johannes
p.822
unresolved
person
Rusly Johannes Bpk. Pandji P Djajanegara
p.822 ×13
unresolved
person
Pandji P. Djajanegara Bpk. Lee Kai Kwong
p.822 ×24
unresolved
person
Lee Kai Kwong Ibu Tjioe Mei Tjuen
p.822 ×11
unresolved
person
Tjioe Mei Tjuen Bpk. Joni Raini
p.822 ×10
unresolved
person
Joni Raini Bpk. Henky Sulistyo
p.822 ×12
unresolved
person
Henky Sulistyo Bpk. Noviady Wahyudi
p.822 ×13
unresolved
org
Noviady Wahyudi CIMB Group Sdn Bhd
p.822
unresolved
org
Bank Officers
p.828 ×4
unresolved
org
Bank Officers Gaji
p.828
unresolved
org
Bank CIMB Niaga Senior Vice
p.842
unresolved
org
Bank CIMB Niaga. Under
p.842
unresolved
org
Bank CIMB Niaga. CIMB Niaga. Perusahaan
p.842
unresolved
org
Asset Vehicle Limited
p.847
unresolved
org
Dana Pensiun Bank
p.847
unresolved
org
Bank Officers Halaman
p.847
unresolved
org
Bank Berhad CIMB Thai Bank Public Company Limited
p.848
unresolved
org
PT Niaga Manajemen Citra Aset
p.848
unresolved
org
PT Commerce Kapital Southeast Asia Special Asset Vehicle
p.849
unresolved
org
PT Principal Asset Management CIMB Private Equity Sdn
p.849
unresolved
org
CIMB Private Equity Sdn Bhd CIMB Securities Limited
p.849
unresolved
org
PT CGS Konsultan Management CGS-CIMB Securities
p.849
unresolved
org
Pte Ltd
p.849 ×2
Extraction attempts how the parser did, and what it refused
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