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E X PA N D I N G , A C C E L E R AT I N G ,
S U S TA I N A B L E G R O W T H
A N N U A L R E P O R T 2 0 2 3 P T B A N K S YA R I A H I N D O N E S I A , T b k
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Disclaimer The 2023 Annual Report of PT Bank Syariah Indonesia Tbk (“BSI”) contains operational, financial statements, projections and plans, implementation of strategies and policies, and objectives of BSI, which are classified as forward-looking statements in accordance with applicable laws and regulations, except for historical matters. These statements involve prospective risks, uncertainties and could result in actual developments that are materially different from those anticipated. Forward-looking statements are made based on various assumptions regarding current conditions and predictions of future conditions in the business environment in which the Bank conducts business activities. BSI does not guarantee that the documents that have been confirmed as valid will bring certain results as expected.
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E X PA N D I N G , A C C E L E R AT I N G ,
S U S TA I N A B L E G R O W T H
The year 2023 marks a significant milestone for Bank Syariah Indonesia
(BSI). On August 17, 2023, the Bank upgraded its representative office
in Dubai, United Arab Emirates, to a full branch office. This change
in status will greatly help BSI expand and maximize its global market
potential. This strategic policy is projected to help the Bank accomplish
its goal of being a “Top 10 Global Islamic Bank”.
The Bank’s expansion extends beyond the improvement of its
international operational network and finance disbursement.
Acceleration activities continue to be carried out by developing
digital services to give clients with the most comprehensive, secure,
and convenient services while expanding market access. The Bank
continues to ensure the security and confidentiality of data from
digital access through the implementation of governance and risk
management in information technology.
In order to support these expansion and acceleration operations, BSI
created Business Continuity Management (BCM) procedures and
reinforced its organizational management. BSI anticipates that the
strategic policies and achievements in 2023 will contribute to higher
growth in the Bank’s performance.
The many initiatives and innovations implemented have resulted in
continuous, balanced, and long-term performance growth for BSI. This
is also a positive step in boosting the national economy.
At the same time, as Indonesia’s largest Sharia bank, BSI continues to
develop and help MSMEs in progressing to the next level. The Bank is
also working to strengthen the “Islamic Ecosystem” in order to become
more competitive on a global scale.
Page 4
Theme
Continuity
2019 2020 2021
Advancing Innovation for Delivering Services to MSMEs
New Energy for Indonesia
Sustainable Growth Across the Archipelago
Not only features, BRIsyariah also strives to BRIsyariah is committed to continue providing PT Bank Syariah Indonesia Tbk (BSI) is just
bring new products and services that can inspire trustworthy sharia banking services, through one year old, being formed by the merging of 3
customers for a Reliable Financial Solution. the development of technology and digital (three) Islamic banks that are members of the
So that directly or indirectly, the activities innovation for customer convenience. This is Association of State-Owned Banks (Himbara).
undertaken by BRIsyariah are in line with the particularly done to achieve the aspiration and The establishment of this bank on 1 February
Government and related Financial Authorities’ vision mission to become a digital retail bank, 2021 was immediately inaugurated by President
views, that is an increasing of financial inclusion as an integral part of the reliable BRI Group Ir. H. Joko Widodo at the State Palace.
and is evenly distributed across the public. financial inclusion.
BSI has accomplished incredible things at such
In 2019, BRIsyariah which has turned 11 years In the midst of the COVID-19 pandemic, a young age. The average financial performance
old, has never ceased to reflect and learn to BRIsyariah carried out several measures to increased. The integration of legacy banks’
deliver higher growth and advance together maintain the Bank’s sound business progress. operating functions is also going well. BSI has
with Indonesia. Sustainable growth has always First and foremost, the Bank optimizes its digital also opened a representative office in Dubai, the
been the goal that BRIsyariah keeps in mind in banking services as the adaptive operations world’s financial capital.
its business endeavors and in moving forward. measure, selective in lending, as well as carrying
To that end, all elements must come together out restructuring as the pre-emptive strategies All of this is due to the hard work, innovation,
and synergize – in operations, compliance, and for sustainable financing portfolio. and dedication of all BSI employees, as well
business segments. Innovation is key and should as the support of stakeholders, who enable
apply universally to all lines in BRIsyariah’s Moreover, the Bank also increased sound low the Bank to provide excellent services. On
organization. cost funds including liquidity buffer as part this foundation, we will all strengthen our
of the implementation of healthy liquidity commitment and renew our passion to make
In operations, to improve service quality, management. As the result, in 2020 BRIsyariah Bank Syariah Indonesia stronger so that it can
BRIsyariah is committed to enhance and posted growth in profits, as well as assets, become New Energy for Indonesia.
complement e-banking features by carrying financing, and third party funds.
out innovations that built upon the Bank’s
experience and customers’ needs. In 2019
BRI launched i-Kurma, Kemaslahatan Untuk
Rakyat Madani. i-Kurma is a digital application
for internal business process regarding
microfinance. It was launched in BRIsyariah
11th anniversary. i-Kurma will accelerate the
process of microfinance disbursment.
2 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 5
2022
Collaboration to
Accelerate Growth
2023
Expanding, Accelerating,
The year 2022 marks the first full year of
PT Bank Syariah Indonesia Tbk’s (“BSI”)
Sustainable Growth
operations to be conducted comprehensively
and integratively, following the establishment
of “Operational Day 1” on November 1, 2021. The year 2023 marks a significant milestone for Bank Syariah
Throughout the year, BSI consistently built Indonesia (BSI). On August 17, 2023, the Bank upgraded its
synergies between the strengths of three large representative office in Dubai, United Arab Emirates, to a full
Islamic banks into one, both in terms of capital, branch office. This change in status will greatly help BSI expand
information technology, service infrastructure and maximize its global market potential. This strategic policy
and a variety of products and services. BSI is projected to help the Bank accomplish its goal of being a “Top
also moved quickly to collaborate with various 10 Global Islamic Bank”.
elements in Indonesia’s Islamic economic
ecosystem. These synergy and collaboration The Bank’s expansion extends beyond the improvement
steps have proven to be able to drive BSI’s of its international operational network and finance
performance to a satisfactory level, as the disbursement. Acceleration activities continue to be carried
spearhead of Islamic banking in the national out by developing digital services to give clients with the
banking landscape. most comprehensive, secure, and convenient services while
expanding market access. The Bank continues to ensure the
security and confidentiality of data from digital access through
the implementation of governance and risk management in
information technology.
In order to support these expansion and acceleration
operations, BSI created Business Continuity Management
(BCM) procedures and reinforced its organizational
management. BSI anticipates that the strategic policies and
achievements in 2023 will contribute to higher growth in the
Bank’s performance.
The many initiatives and innovations implemented have
resulted in continuous, balanced, and long-term performance
growth for BSI. This is also a positive step in boosting the
national economy.
At the same time, as Indonesia’s largest Sharia bank, BSI
continues to develop and help MSMEs in progressing to the
next level. The Bank is also working to strengthen the “Islamic
Ecosystem” in order to become more competitive on a global
scale.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 3
Page 6
Table of
Contents
2 Theme Continuity
67
Company
11 Profile
Performance
Highlights 68
70
Corporate Identity
Brief History of the Company
72 Footprint
12 Financial Highlights
74 Vision Mission
16 Stocks Highlights
75 Corporate Culture/Values
18 Corporate Action
76 Line of Business
18 Information on the Suspension of Stock Trading
78 Products and Services
19 Highlights of Bonds Sukuk, or Others
87 Business Network and Operation Area
20 Awards and Certifications
100 Structure Organization
26 2023 Event Highlights
102 Association Membership List
103 Profile Board of Commissioners
113 Profile Sharia Supervisory Board
35 117
127
Profile Directors
Information on Changes in the Composition of the Board of
Management Commissioners and Board of Directors and the Reasons for the
Change
Report 128 Profile SEVP Officer
131 Profile Executive Officer
36 Report from the Board of Commissioners 136 Demographics Employees
44 Board of Commissioners 138 Shareholders Composition
46 Report from the Board of Directors 143 Major and Controlling Shareholders
56 Board of Directors 143 Corporate Structure
58 Report of the Sharia Supervisory Board 144 Subsidiaries and Associated Companies
62 Sharia Supervisory Board 144 Share Listing Chronology
64 Statement of Member of the Board of Commissionersand 145 Chronology of Listing of Other Securities
Member of the Board of Directors on the Responsibility for the 145 Public Accounting Firm
Annual Report 2023 PT Bank Syariah Indonesia Tbk
146 Capital Market Professional and Supporting Institutions
148 Corporate Website
4 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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151 474
477
Function Compliance
Granting Funds for Social and/or Political Activities
478 Legal Cases
Management Discussion 480 Administrative Sanctions by the Relevant Authorities
and Analysis 483 Investor Relations
484 Access to Company Information and Data
152 Economic and Industry Overview 496 Gratification Control and Anti-Corruption Policy
156 Performance Review 500 Code of Conduct
156 Per Business Segment 503 Whistleblowing System Management
168 Financial Performance Review 506 Integrated Governance
509 Non-Halal Income and its Utilization
509 Long-Term Compensation Policy for Employees and/or
209
Management
510 Stock Buyback and Bond Buyback
510 Transparency of Financial and Non-Financial Conditions
Business Support 510 Transaction Containing Conflict of Interest
Review 511
518
Assessment of GCG Implementation
Implementation of Public Company Governance Guidelines
524 Insider Trading Prevention Policy
210 Human Resources
525 Transperancy in Bad Governance Practices
222 Information Technology
526 Statement of Implementation of Good Governance Principles
234 Implementation of Risk Management System
295
Corporate 529
Governance Social and Environment
296 Corporate Governance Responsibility
301 Governance Structure
302 General Meeting of Shareholders 530 Social and Environment Responsibility Report
321 Board of Commissioners
331 Independent Commissioner
355
367
Sharia Supervisory Board
Board of Directors 533
399
Financial
Nomination and Remuneration of the Board of Commissioners,
Board of Directors, and Sharia Supervisory Board
402 The Board of Commissioners Supporting Bodies and
Committees
Statements
432 Organs and Committees Under the Board of Directors
449 Internal Audit
456 Internal Control System Appendix
458 Risk Management 695 Financial Services Authority Circular Letter No. 10/
SEOJK.03/2020 concerning Transparency and Publication of
458 Public Accountant Reports for Islamic Commercial Banks and Sharia Business
460 Policies on Anti-Money Laundering (AML), Counter-Terrorism Units
Financing (CTF), and Counter-Proliferation Financing of 701 SEOJK Reference 16-SEOJK.04-2021: Annual Report of Issuers
Weapons of Mass Destruction (Cpfwmd) and Public Companies
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 5
Page 8
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Asset Quality
Improvement
In 2023, not only did BSI’s total assets increase,
but their quality also continued to improve,
supported by a stronger capital base, as evidenced
by the NPF & CAR ratios.
Rp
353.62 Trillion
BSI’s total assets in 2023 increased by
15.67% or Rp47.90 trillion from the
previous year’s Rp305.73 trillion to
Rp353.62 trillion.
Rp
38.74 Trillion
BSI’s equity increased by 15.62% or
Rp5.23 trillion, from Rp33.51 trillion in
2022 to Rp38.74 trillion in 2023.
21.04 %
BSI’s resilience strengthened, as indicated by
2.08 % 0.55 %
BSI’s asset quality continued to improve, BSI’s net NPF achievement in 2023
the Capital Adequacy Ratio (CAR) reaching with the Gross Non-Performing Financing improved, reaching 0.55%, down from the
21.04% in 2023, up from 20.29% in the (NPF) ratio in 2023 at 2.08%, down from previous year’s 0.57%.
previous year. 2.42% in the previous year.
6 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 9
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Solid
Performance
In 2023, BSI’s performance became more solid with profit growth and
other performance indicators. Some of these include:
Rp
5.70 Trillion 194.35 % 71.27 %
BSI recorded a net profit of Rp5.70 trillion BSI’s Cash Coverage Ratio in 2023 reached BSI’s BOPO ratio in 2023 improved,
in 2023, a 33.88% increase from the 194.35%, up from 189.56% in the previous reaching 71.27%, down from 75.88% in the
previous year’s Rp4.26 trillion, or 110.72% year. previous year.
of the Bank’s Business Plan.
49.86 %
BSI’s CIR ratio in 2023 improved to 49.86%,
down from 51.01% in the previous year.
Rp
22.25 Trillion
BSI’s total revenue from fund management
as a mudharib achieved Rp22.25 trillion in
2023, a 13.40% increase or Rp2.63 trillion
compared to Rp19.62 trillion in 2022.
Rp
4.2 Trillion
Fee-based income in 2023 grew by
13.60%, reaching Rp4.2 trillion, an increase
from Rp3.7 trillion in the previous year.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 7
Page 10
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Appreciation
Several awards from international and national stakeholders include:
01 Best Islamic Bank
in Indonesia
Award from Euromoney in the Euromoney
Islamic Finance Awards 2023.
02 Best Islamic Finance Bank
Award from Alpha Southeast Asia in the
Alpha Southeast Asia Islamic Finance
Awards 2023.
03 The Indonesia
Customer Experience
of The Year
Award from Asian Business Review in the
Asian Experience Awards 2023.
04 Best Islamic Bank
Supporting Monetary
Control
Award from Bank Indonesia at the Bank
Indonesia Annual Meeting 2023.
05
Most Active and
Innovative Bank in Award from the Deposit Insurance
Socializing the Deposit Corporation (LPS) in the LPS Banking
Insurance Program for Award 2023.
KBMI 3 Groups
8 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Operational
Performance Becoming
More Proper Proper
Full Branch in Dubai
On August 17, 2023, BSI successfully upgraded its
representative office status in Dubai, United Arab Emirates,
to a Full Branch. This change will significantly support BSI’s
expansion in maximizing global market potential. This
strategic policy is expected to support the Bank’s vision to
become a “TOP 10 Global Islamic Bank.”
91.50 2
(Very Reliable)
(Good)
Governance Structure (30.27)
Governance Process (30.02) Self-assessment results
Governance Results (31.21) of GCG implementation
for the first and second
The external assessment of GCG
implementation in 2023, known as the
semesters of 2023.
Corporate Governance Perception Index
(CGPI) conducted by The Indonesia
Institute for Corporate Governance (IICG)
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 9
Page 12
Page 13
01 PERFORMANCE HIGHLIGHTS
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Financial
Highlights
Financial Position
(Rp Million)
Description 2023 2022*) 2021
Cash 5,255,841 4,951,469 4,119,903
Current Accounts and Placements with Bank Indonesia 32,440,778 31,778,458 20,563,580
Current Accounts and Placements with Other Banks – Net 2,303,728 2,475,917 1,841,551
Investment in Marketable Securities – Net 71,169,020 57,841,271 67,579,070
Acceptance Receivables 426,916 476,589 159,880
Murabahah Receivables 136,503,096 124,873,356 101,685,560
Istishna Receivables 30 132 359
Ijarah Receivables 218,400 13,278 101,570
Allowance for impairment losses and allowance for bad debt (4,361,368) (4,184,787) (3,450,506)
Total Receivables-Net 132,360,158 120,701,979 98,336,983
Funds of Quardh - Net 10,489,164 8,867,013 9,081,400
Mudharabah Financing - Net 1,831,652 1,001,957 1,592,314
Musyrakah Financing - Net 83,756,501 66,450,946 53,903,123
Assets Acquired for Ijarah - Net 2,190,107 1,484,573 901,565
Fixed Assets and Right of Use Assets - Net 5,352,843 5,396,010 3,871,257
Intagible Assets - Net 1,128,334 258,688 184,696
Deferred Tax Assets 1,665,694 1,675,103 1,445,324
Other Assets - Net 3,253,388 2,367,465 1,708,435
TOTAL ASSETS 353,624,124 305,727,438 265,289,081
Immediate Liabilities 1,316,067 1,009,502 608,554
Accrued Profit Sharing 255,932 192,775 158,478
Demand Deposit 20,847,524 21,797,852 21,090,695
Wadiah Savings Deposit 47,026,374 44,214,405 36,157,195
Total Wadiah Deposits 67,873,898 66,012,257 57,247,890
Deposit from Other Bank 1,761,301 2,218,697 115,938
Liabilities to Bank Indonesia 11,900,055 - -
Acceptance Liabilities 431,228 481,403 161,495
Tax Payable 539,042 667,485 504,078
Estimated Employee Benefits Liability 667,264 689,018 836,491
Estimated losses on commitments and contingencies 32,017 28,873 17,194
Other Liabilities 2,446,107 2,355,781 2,236,358
TOTAL LIABILITIES 87,222,911 73,655,791 61,886,476
*) Reclassification
12 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
Description 2023 2022*) 2021
Mudharabah Demand Deposit 32,417,260 22,754,968 13,318,627
Mudharabah Savings Deposit 78,280,185 72,897,352 65,102,491
Mudharabah Time Deposit 115,984,789 100,760,342 98,592,553
Subordinated Sukuk Mudharabah 200,000 1,375,000 1,375,000
Sukuk Mudharabah issued 3,608 - -
Financing Received 776,250 778,375 -
TOTAL TEMPORARY SYIRKAH FUNDS EQUITY 227,662,092 198,566,037 178,388,671
Paid in Capital 23,064,630 23,064,630 20,564,654
Additional Paid in Capital (3,929,100) (3,929,100) (6,366,776)
Merging Entities Equity - - -
Gain on Fixed Assets Revaluation 444,530 444,530 444,530
Remeasurement of Defined Work Benefit Plan 241,462 268,904 140,271
Gain/(Loss) on Marketable Securities – Net 6,154 (55,477) 22,263
Appropriated retained earnings 2,236.713 1,384,677 779,036
Unappropriated retained earnings 16,674,732 12,327,446 9,429,956
• Previous Year 10,970,989 8,067,264 6,468,781
• Current Year 5,703,743 4,260,182 2,961,175
TOTAL EQUITY 38,739,121 33,505,610 25,013,934
TOTAL LIABILITIES, TEMPORARY SYIRKAH FUNDS AND 353,624,124 305,727,438 265,289,081
EQUITY
*) Reclassification
Profit and Loss and Other Comprehensive Income
(Rp Million)
Description 2023 2022 2021
Total Revenue from Fund Management by the Bank as Mudharib 22,251,743 19,622,865 17,808,432
Third Party’s Share on Returns of Temporary Syirkah Funds (5,993,168) (4,032,169) (4,378,807)
The Bank’s Share in Profit Sharing 16,258,575 15,590,696 13,429,625
Other Operating Income 4,204,466 3,701,111 3,012,246
Operating Expense (10,249,204) (9,895,336) (8,782,773)
Provisions for Impairment Losses of Earning and Non-Earning (2,622,479) (3,748,797) (3,551,249)
Assets
Income from Operation 7,591,358 5,647,674 4,107,849
Non-operating Income (Expense) - Net (2,156) 8,534 (45,641)
Profit Before Zakat and Tax Expense 7,589,202 5,656,208 4,062,208
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 13
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
FINANCIAL
HIGHLIGHTS
(Rp Million)
Description 2023 2022 2021
Zakat (189,730) (141,405) (101,684)
Income Tax Expense (1,695,729) (1,254,621) (932,319)
Net Profit 5,703,743 4,260,182 3,028,205
- Attributable to the Owner of the Parent Entity 5,703,743 4,260,182 3,028,205
- Attributable to Non-Controlling Interest - - -
Total Other Comprehensive Income Net of Tax 34,189 50,893 189,591
Comprehensive Income (Loss) during the Year 5,737,932 4,311,075 3,217,796
- Attributable to the Owner of the Parent Entity 5,737,932 4,311,075 3,217,796
- Attributable to Non-Controlling Interest - - -
Basic Earning per Share (in full Rupiah) 123.65 102.54 73.69
Diluted Earnings per Share (in full Rupiah) 123.65 102.54 73.66
Cash Flows
(Rp Million)
Description 2023 2022 2021
Cash Flow from Operating Activities
Net Cash from Operating Activities 2,041,035 1,885,530 16,696,794
Cash Flow from Investing Activities
Net Cash from Investing Activities (11,404,359) 5,994,708 (16,591,024)
Cash Flow from Financing Activities
Net Cash from Financing Activities 10,162,997 4,798,909 (77,929)
Net Increase in Cash and Cash Equivalent 799,673 12,679,147 27,841
Cash & Cash Equivalent at Beginning of the Year 39,221,419 26,542,272 26,514,431
Cash & Cash Equivalent at end of the Year 40,021,092 39,221,419 26,542,272
14 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Financial Ratio
%
Description 2023 2022 2021
Capital Adequacy Ratio (CAR) 21.04 20.29 22.09
Non Performing Financing (NPF) gross 2.08 2.42 2.93
Non Performing Financing (NPF) net 0.55 0.57 0.87
Return On Assets (ROA) 2.35 1.98 1.61
Return On Equity (ROE) 16.88 16.84 13.71
Net Return (NI) 5.82 6.31 6.04
Operating Expenses to Operating Income (BOPO) 71.27 75.88 80.46
Cost to Income Ratio (CIR) 49.86 51.01 52.57
Financing to Deposit Ratio (FDR) 81.73 79.37 73.39
Percentage of Exceeding Legal Lending Limit 0.00 0.00 0.51
Minimum Statutory Reserves - Rupiah 6.76 8.30 5.05
Minimum Statutory Reserves - Foreign Exchange 1.13 1.18 1.03
Net Open Position 2.47 0.57 0.27
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 15
Page 18
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Stocks
Highlights
Shares Price Information
Share Price (Rp) Total Market
Transaction
Year Outstanding Capitalization
Opening Highest Lowest Closing Volume (Share)
Shares (Share) (Rp Trillion)
2023
1 Quarter
st
1,650 1,700 1,650 1,680 46,129,260,138 3,133,128,500 77.49
2nd Quarter 1,670 1,690 1,655 1,690 46,129,260,138 1,778,645,300 77.96
3rd Quarter 1,620 1,630 1,605 1,625 46,129,260,138 1,448,638,700 74.96
4 Quarter
th
1,740 1,745 1,710 1,740 46,129,260,138 1,169,014,400 80.26
2022
1st Quarter 1,620 1,625 1,605 1,605 41,129,307,343 1,190,638,400 66.01
2nd Quarter 1,350 1,355 1,340 1,340 41,129,307,343 560,250,900 55.11
3rd Quarter 1,495 1,500 1,400 1,470 41,129,307,343 1,289,347,000 60.46
4 Quarter
th
1,295 1,310 1,270 1,290 46,129,260,138 980,433,400 59.51
2021
1st Quarter 2,350 2,350 2,210 2,290 41,031,208,943 10,061,997,400 93.96
2nd Quarter 2,180 2,370 2,150 2,300 41,128,868,743 3,808,326,000 94.60
3rd Quarter 2,050 2,080 2,010 2,040 41,128,868,743 4,356,091,600 83.90
4 Quarter
th
1,790 1,805 1,780 1,780 41,129,307,343 1,880,546,500 73.21
Closing Price
(Rp/share)
2023 2022 2021
1st Quarter 1,680 1,605 2,290
2nd Quarter 1,690 1,340 2,300
3rd Quarter 1,625 1,470 2,040
4 Quarter
th
1,740 1,290 1,780
16 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Trading Volume
(Share)
2023 2022 2021
1st Quarter 3,133,128,500 1,190,638,400 10,061,997,400
2nd Quarter 1,778,645,300 560,250,900 3,808,326,000
3rd Quarter 1,448,638,700 1,289,347,000 4,356,091,600
4 Quarter
th
1,169,014,400 980,433,400 1,880,546,500
Share Performance
Volume (shares) Price (Rp)
255,000,000 1,900
1,800
205,000,000
1,700
1,600
2023
155,000,000
1,500
1,400
105,000,000
1,300
55,000,000 1,200
1,100
5,000,000 1,000
January February March April May June July August September October November December
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 17
Page 20
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Corporate
Action
As a follow-up to one of the decisions at the BSI Annual General Meeting of Shareholders (AGMS) on May 22, 2023, namely the
approval of the distribution of cash dividends to shareholders with the following realization:
Total Shares Share Price
Implementation Date Dividend Per Share
Before Dividend After Dividend Before Dividend After Dividend
May 30 - June 6, 2023 Rp9.23 46,129,260,138 46,129,260,138 1,765 1,710
Information on the Suspension
of Stock Trading
PT Bank Syariah Indonesia Tbk’s shares were not suspended from trading on the Indonesian Stock Exchange
throughout 2023.
18 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 21
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Highlights of Bonds,
Sukuk, or Others
Year of Profit Maturity Rating and Rating Agency Stock
Name of Sukuk Sukuk Value
Issuance Sharing Date 2023 2022 Exchange
2016 Subordinated Sukuk Rp1 Trillion 9.5% November A+ (idn) A+ Listed on the
Mudharabah 1 16, 2023 (PT Fitch (PT Fitch Indonesia
of 2016 PT Bank Ratings Ratings Stock
Syariah Indonesia Tbk indonesia) Indonesia Exchange
(formerly PT Bank
BRIsyariah
2016 Subordinated Sukuk Rp375 Billion 10% December idAA (sy) AA Listed on the
Mudharabah 1 22, 2023 (PEFINDO) (PEFINDO) Indonesia
of 2016 PT Bank Stock
Syariah Indonesia Tbk Exchange
(formerly PT Bank
BRIsyariah
2023 Long-Term Sukuk Rp3,7 Billion 0.55% December - - -
Mudharabah 26, 2035
Muqayadah
Conducted Without
Public Offering I PT
Bank BSI tbk Year
2023 Phase I
2023 Medium Term Rp200 Billion 7.90% December idAA (sy) - -
Subordinated Sukuk 15, 2028 (PEFINDO)
Mudharabah PT Bank
Syariah Indonesia Tbk,
2023
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 19
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Awards
and Certifications
AWARDS
Throughout 2023, Bank Syariah Indonesia has won 140 awards from various institutions, both at the national and
international levels, among others are as follows:
28 February 01 31 May 02 31 May 03
Indonesian Bisnis Indonesia Indonesia Customer Service
Record Award 2023 Quality Award 2023
Held by Held by Held by
Indonesian-World Record Museum Bisnis Indonesia SWA
Predicate Category Predicate
The Fastest Sharia Bank Merger Process in Sharia Bank Excellent
Indonesia
20 June 04 23 June 05 22 August 06
20th Infobank-MRI Banking Euromoney Islamic Finance Alpha Southeast Asia Islamic
Service Excellence Award 2023 Awards 2023 Finance Awards 2023
Held by Held by Held by
Infobank Euromoney Alpha Southeast Asia
Predicate Predicate Predicate
The 1st Best in Service Excellence Best Islamic Bank in Indonesia • Best Islamic Finance Bank
• Best Islamic Finance Retail Bank
20 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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24 August 07 25 August 08 25 August 09
Bisnis Indonesia Finance 28th Infobank 28th Infobank
Award 2023 Award 2023 Award 2023
Held by Held by Held by
Bisnis Indonesia Infobank Infobank
Predicate Predicate Predicate
The Most Outstanding Bank Syariah The Best Financial Performance Bank in Excellent Financial Performance Bank
2022 (KBMI 3) Asset > Rp200 Trillion in 2022
30 August 10 31 August 11 7 September 12
Merdeka Indonesia 13th Institutional Investor
Award 2023 Award 2023 Corporate Awards 2023
Held by Held by Held by
Merdeka.com iNews Alpha South East Asia
Predicate Predicate Predicate
Innovation for the Country Special Recognition for Outstanding Most Organised Investor Relations
Initiative Based on the BSI Village Program
Initiative (Bangun Sejahtera Indonesia)
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 21
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AWARDS
AND CERTIFICATIONS
7 September 13 7 September 14 7 September 15
13th Institutional Investor 13th Institutional Investor 13th Institutional Investor
Corporate Awards 2023 Corporate Awards 2023 Corporate Awards 2023
Held by Held by Held by
Alpha South East Asia Alpha South East Asia Alpha South East Asia
Predicate Predicate Predicate
Best Senior Management IR Support Most Consistent Dividend Policy Best Strategic CSR
14 September 16 21 September 17 27 September 18
Global Islamic Detik Infobank Sharia
Award 2023 Awards 2023 Award 2023
Held by Held by Held by
GIFA Detik.com Infobank
Predicate Predicate Predicate
Market Leadership Award Highest Profit Growth Bank Excellent Financial Performance of Islamic
(Islamic Banking) 2023 Commercial Bank in 2022 (2022 Annual
Performance)
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27 September 19 5 October 20 30 October 21
Infobank Sharia Asian Experience Road to CNBC Indonesia
Award 2023 Awards 2023 Awards 2023
Held by Held by Held by
Infobank Asian Business Review CNBC Indonesia
Predicate Predicate Predicate
The Best of the Best Islamic Commercial The Indonesia Customer Experience Most Innovative Ziswaf Fundraising in
Bank in 2022 (highest index achiever in the of the Year Mobile Banking
Sharia Commercial Bank category)
28 November 22 28 November 23 29 November 24
Islamic Retail Banking Islamic Retail Banking Bank Indonesia’s
Awards 2023 Awards 2023 Annual Meeting 2023
Held by Held by Held by
Cambridge Cambridge Bank Indonesia
Predicate Predicate Predicate
The Strongest Islamic Retail Bank in IRBA Exellence Award fo Priority Banking in The Best Sharia Bank for Supporting
Indonesia 2023 Indonesia 2023 Monetary Control
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 23
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Performance Management Report Company Profile Management Discussion and Analysis
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AWARDS
AND CERTIFICATIONS
30 November 25 30 November 26 6 December 27
Republika Sharia Republika Sharia LPS Banking
Award 2023 Award 2023 Award 2023
Held by Held by Held by
Republika Republika LPS
Predicate Predicate Category
The Best Sharia Bank Best Sharia Savings The Most Active and Innovative Bank in
Socializing the Deposit Insurance Program -
KBMI 3 Group
13 December 28 12 December 29 20 December 30
CNBC Anugerah CSR CGPI
Award 2023 IDX Channel 2023 Awards 2023
Held by Held by Held by
CNBC Indonesia IDX Channel SWA & IICG
Predicate Category Predicate
The Extraordinary Sharia Banking Company Economic Development Initiatives Most Trusted Companies
on GCG
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CERTIFICATIONS
Certifier/
Certificates Date of Acceptance Certifications Certification Validity Period
Institution
May 18, 2021 ISO 9001 Quality British Standards 2023
Management System Institution
May 20, 2021 ISO 27001 British Standards 2023
Information Security Institution
Management System
December 17, 2021 ISO 37001 Bribery Tuvnord 2024
Management System
December 22, 2022 ISO 37301:2021 Chesna Certification 2025
Compliance
Management System
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 25
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
2023 Event
Highlights
January 12
Bsi Awarded the “Program Hujan Emas”
Prize to Customers Who Pawned Gold
or Made Gold Installment Payments
January 19
To Support the Islamic Ecosystem, the “Talenta
Wirausaha BSI 2023” Program was Expanded to
Involve Islamic Boarding Schools
January 20
BSI Collaborated with the TNI AL
(Indonesian Navy) to Strengthen Sharia
Financial Inclusion
February 1
Profits Increased Significantly During
the Two Years of BSI, by 40.68%, to
Rp4.26 trillion
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February 15
Global Islamic Finance Summit 2023, Strong
Commitment to Encourage the Progress of
Sharia Economy in Indonesia
February 9
Supporting Food Resilience, President of the
Republic of Indonesia Mr. Joko Widodo Launches
Digital Tani Card and KUR BSI in Aceh
March 18
BSI Inaugurates Mosque in Bakauheni,
Lampung. Strengthen Contribution to Tourism
& Religious Sector in Sumatera Region
February 23
Celebrating BSI’s 2nd Anniversary, BSI
holds BSI Charity Concert 2023 with
the theme of Masterpiece Journey
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2023 EVENT
HIGHLIGHTS
March 28
To Strengthen its Contributions to Society
and the Country, BSI Distributed Zakat Worth
more than Rp173 billion
April 27
BSI Financing Grows More than 20% in
Q1 2023, BSI’s Financial Performance is
Getting More Solid
May 22
BSI AGMS has Agreed to Strengthen
Digital and Cultural Transformation
May 26
BSI and BSI Maslahat Launched BSI
Banten Village
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June 16
BSI collaborated with Brawijaya University to
Promote Sharia Financial Literacy and Inclusion
in Higher Education
June 13
BSI Encourages the Progress of Football
in the Country through the Support of
BSI and PSSI Cooperation
June 29
BSI Distributed 7,112 Healthy and
Safe Sacrificial Animals Throughout
Indonesia
June 19
The First Listing of EBAS-SP on the
Indonesian Stock Exchange. BSI: This
Represents a Significant Step Forward
in the Growth of The Sharia Economy
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Performance Management Report Company Profile Management Discussion and Analysis
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2023 EVENT
HIGHLIGHTS
July 12
BSI Promoted Sharia Financial Literacy
and Inclusion Among Young People
July 13
BSI Collaborated with Putri Ariani
on the #LEVELUP campaign, which
Supports Young People
August 14
BSI, along with Bakti BUMN Volunteers,
were Ready to Complete the Social
Mission in Meunasah Asan, East Aceh
August 17
BSI and Bakti BUMN Volunteers
Encouraged the Quality of Education
and the Economy of Aceh
30 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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September 3
BSI was ranked 3rd in the Global
ESG Rating
August 18
To Encourage People to Own Houses,
The BSI has Distributed 57 Thousand
Subsidized Houses
September 19
Financing Continues to Grow, BSI’s
Profit Surges 32.41% in the Q2 of 2023
September 6
Sharia Banking Strengthened the
Implementation of the Integrated GRC in
Order to Achieve Sustainable Growth
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2023 EVENT
HIGHLIGHTS
October 23
BSI was Honored with International
Awards for Providing the Best Service
through Digital Transformation
October 25
To Encourage Inclusion in the Sharia
Capital Market, BSI Launched Six Sharia
Mutual Fund Products
October 31
Sharia Banking Market Share Continues
to Increase, BSI Profit Grows 31% in the
Q3 of 2023
November 29
BSI Optimizes Dubai Branch Office,
Strengthens Strategic Partnership with
United Arab Emirates
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2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 33
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02 MANAGEMENT REPORT
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Report from
the Board of Commissioners
Having seen the progress BSI made throughout
2023, we have become even more optimistic
about achieving our vision to make BSI among the
“Top 10 Global Islamic Banks”.
Assalamualaikum Warahmatullahi Wabarakatuh In 2023, the Bank even upgraded the status of its
representative office in Dubai to full branch. That’s
Dear Shareholders and Stakeholders, how we think the Bank would be able to maximize its
increasingly open global market potential.
Let us first offer praise and gratitude to Allah SWT.
Thanks to His blessings and mercy, in the 2023 financial Having seen the progress BSI made throughout 2023,
year, PT Bank Syariah Indonesia Tbk (“BSI” or “Bank”) we have become even more optimistic about achieving
was able to deliver exceptional results despite the year’s our vision to make BSI among the “Top 10 Global Islamic
challenging external landscapes. The global economy Banks.”
decelerated further, while domestically, the economy
was still grappling with Bank Indonesia’s high benchmark Therefore, in our capacity as the Board of
rate, other counter-inflation monetary policies, and the Commissioners, we will continue to provide support to
subsequent pressure on the Rupiah exchange rate. the Board of Directors as they work to improve BSI’s
position as a global player. Once made, not only should
In our view as the Board of Commissioners, the Board that achievement be an inspiration for the banking
of Directors has responded well to the external trends industry within the country, but it will also make a major
the fiscal year brought to them. It looks certain to us contribution to the domestic economy.
that, under our oversight, the Board of Directors has
successfully executed various strategies and strategic
policies to grow BSI’s performance.
36 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Muliaman D. Hadad
President Commissioner
concurrently Independent
Commissioner
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 37
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REPORT FROM
THE BOARD OF COMMISSIONERS
VIEWS ON ECONOMIC AND INDUSTRIAL Meanwhile, the year’s inflation, according to Bank
CONDITIONS Indonesia records, was manageably controlled at 2.61%.
BSI’s business journey in 2023 was marked by a This was a more encouraging figure than the record high
slowdown in the global economic recovery. As stated by of 5.5% clocked in the previous year.
the International Monetary Fund (IMF) in its October
2023 report edition, “World Economic Outlook,” the In line with Indonesia’s stable economic conditions,
global economic recovery from the impact of the national banking performance has also grown positively.
COVID-19 pandemic and Russia’s invasion of Ukraine Banking assets reached Rp11,984 trillion in December
tended to slow as countries sent mixed signals of 2023, growing 5.91% annually (year on year/yoy). Third
recovery. While high growth was visible at the beginning Party Funds (TPF) rose 3.82% (yoy) or Rp8,611 trillion,
of 2023, it turned out to be short-lived. and credit distribution also increased 10.37% (yoy) or
Rp7,248 trillion at the end of 2023.
As it entered the following quarters, the global economy
decelerated even further. That’s why the IMF then The banking industry also remained healthy. The
estimated that the global economy in 2023 would only Capital Adequacy Ratio (CAR) was controilled at a level
grow 3.0%, a slower pace compared to 3.5% in 2022. of 27.65% in December 2023, or above the required
minimum of 10% in BASEL III.
The economies of developed nations remained under
pressure, with growth estimated at only 1.5% this year. A similar trend was also seen in the sharia banking
A slowing trend was projected for their less advanced industry, whose assets as of December 2023 grew
counterparts and emerging economies at 4.0%, up from 11.21% (yoy), rising from Rp89.9 trillion to Rp892.2
4.1% in 2022. trillion. In the same period, TPF increased 10.49%
(yoy) to a level of Rp684.5 trillion. This contributes to
Meanwhile, the IMF had estimated that global inflation increasing public trust in sharia banking products that
would continue to fall, from 8.7% in 2022 to 6.9% in were backed by improvements in infrastructure and
2023. Under this inflationary environment, the United digital access services.
States central bank, commonly referred to as the
Federal Reserve (the Fed), raised interest rates. The The sharia banking appeared extremely healthy, with
benchmark interest has reached 5.50%, which according a CAR ratio of 25.41% in December 2023, lower than
to Bloomberg was the highest since 2001. the national industry average. In terms of quality, sharia
banking financing also showed a positive performance.
The policy issued by the Fed has also prompted The gross Non-Performing Financing (NPF) ratio
other countries, including Indonesia, to follow suit. improved from 2.41% at the end of 2022 to 2.17%
Throughout 2023, Bank Indonesia raised its BI 7-day in December 2023, which is lower than the national
(reverse) Repo Rate from 5.75% to 6.00% in an effort to banking industry.
ease pressure on the rupiah exchange rate and control
inflation in the country. BOARD OF DIRECTORS PERFORMANCE
ASSESSMENT
Despite such dynamic economic landscapes, Indonesia’s
economy still appeared resilient. The Central Statistics Regarding Company Management
Agency (BPS) announced that economic growth in 2023 The assessment of the Board of Directors in managing
reached 5.05%, albeit slowing slightly from 5.31% in the the Bank is part of the process of exercising our inherent
previous year. Household consumption remained the oversight. These supervisory provisions, as stated in
key driver of the national economy, with a contribution Financial Services Authority Regulation Number 33/
of 53.18% and an annualized growth of 4.82%. PPOJK.04/2014 concerning the Board of Directors and
Board of Commissioners of Issuers or Public Companies,
relate to the Company’s policies and management.
38 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Further, the General Meeting of Shareholders also Bank Syariah Indonesia delivered Rp22.3 trillion
makes an evaluation of the performance of the in revenue from fund management as mudharib,
Board of Directors. This assessment is made based an increase of 13.40% compared to Rp19.6 trillion
on the achievement of key performance indicators generated in 2022. Meanwhile, fee-based income
(KPI) preapproved by the Shareholders, the Board of grew 12.08% (yoy), to Rp4.2 trillion. Meanwhile, we
Commissioners and the Board of Directors. maintained overhead costs at Rp10.1 trillion, indicating
a growth of only 2.40%.
KPI indicators include bank profits, financing, and
strategic initiatives. In addition, the parameters used The Bank distributed a total of fund of Rp240.3 trillion,
are the level of bank health and the implementation of an increase of 16.70% compared to the previous year’s
good corporate governance. Rp207.7 trillion. This strong figure came with improved
fund quality, as shown by a lower figure of only 2.08% in
We also consider other matters in assessing the Non-Performing Financing (NPF) this year compared to
performance of the Board of Directors, such as the 2.42% in 2022.
development of external conditions. In 2023, in order
to reduce inflation and pressure on the rupiah, Bank Apart from that, in general, the Bank beat the year’s
Indonesia raised its benchmark rate. We also saw stated targets under the Bank Business Plan (RBB).
dynamic economic movements that posed challenges to This outstandingly strong achievement, for sure, was
the Bank’s management. something for which we would like to express our
highest appreciation.
In our view, the Board of Directors has responded very
well to the external situation, resulting in BSI delivering SUPERVISION OF THE FORMULATION
a very positive performance. This achievement should AND IMPLEMENTATION OF STRATEGIES
be attached to the execution of the right strategies and We exercise our oversight over the Bank’s strategies
strategic policies. executed by the Board of Directors or management
by, e.g., referring to the Financial Services Authority’s
Several strategies have been implemented, for example, (SEOJK) Circular Letter Number 14/SEOJK.03/2021,
by soundly managing financing growth with a wide array dated April 30, 2021, concerning Business Plans for
of mobile banking-backed products. In addition, the Sharia Commercial Banks and Sharia Business Units. The
Board of Directors strengthened funding by increasing regulation emphasizes that the Board of Commissioners
payroll acquisitions, wadiah savings, business savings, shall exercise oversight over the implementation of the
and hajj savings while increasing fee-based income. Bank Business Plan (RBB), which includes, among other
matters, the policies and strategies executed.
The digitalization program also continues to be
improved, both for customer transactions and business We have outilned the results of our oversight in the
processes. The objective of such an improvement RBB Implementation Oversight Report and submitted
initiative was to accelerate the achievement of customer them to the OJK every semester. Our assessment of the
service sales level agreements (SLA) and increase the RBB takes the form of an assessment of quantitative
Bank’s fee-based income. and qualitative aspects of its realization, including
adherence to the applicable sharia principles.
No less important was the strategy to accelerate Islamic
ecosystem business growth. This includes ZISWAF, the In 2023, we prepared and submitted the following RBB
mosque economy, hospitals, Islamic boarding schools, Realization Oversight Report:
Islamic education, as well as the Hajj and Umrah 1. Our assessment of the implementation of the
businesses. This was done through the development of Business Plan in the form of an assessment
innovative platforms and solutions as well as effective of quantitative and qualitative aspects of the
acquisition strategies. realization of the business plan, including the
application of sharia principles.
The various strategies realized have produced 2. Our assessment of factors that influence the Bank’s
outstanding results. The Bank’s net profit in 2023 grew performance in general, especially capital, earnings,
by 33.88%, from Rp4.3 trillion in 2022 to Rp5.7 trillion good governance, risk profile, especially credit risk,
in 2023. market risk, and liquidity risk.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 39
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REPORT FROM
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3. Our assessment of efforts to Improve Bank In making assessments of the business prospects
Performance. prepared by the Board of Directors, we have also
weighed the future outlook of the economy and
Referring to our oversight results, we came to the the banking industry. We then used these possible
conclusion that the Board of Directors has formulated developments in external landscapes as well as the
BSI’s business plan well with due attention to the Bank’s competitive edge and growth trend as further
precautionary principle. In the same fashion, the Board considerations in reviewing the business prospects.
of Directors has executed the plan equally well, from
monitoring to maximum involvement, especially given We believe that, as the Board of Directors has proposed,
that BSI is an entity that has only been in operations for the Bank has better prospects in 2024 than in 2023.
a little less than 3 (three) years. Among the considerations are the domestic economic
landscapes that are likely to improve, as confirmed by
Furthermore, we also had our supporting committees the government and stated in the 2024 APBN Financial
exercise their respective oversights with us. All these Note, where economic growth is targeted at 5.2% with
committees provided us with input for us to consider manageable inflation of 2.8%.
as we made assessments and gave advice on the
performance of the Board of Directors in running the We also believe that the Board of Directors has set an
Bank’s management. executable strategy. Examples include accelerating
the growth of the Islamic Ecosystem business through
Therefore, we are of the view that in 2023, the Board platform development, innovative solutions, and
of Directors ran a sound management of the Bank, from effective acquisitions, including ZISWAF, mosque
strategy formulation to strategy execution. In fact, we economy, hospitals, Islamic boarding schools, as well as
were supervisorily involved in this process, at least the Hajj and Umrah businesses.
during our joint meetings throughout the financial year.
Planned efforts to increase digitalization in the
VIEWS ON BUSINESS PROSPECTS Bank’s business are also workable. The efforts will
PREPARED BY THE BOARD OF DIRECTORS involve increasing active mobile banking users,
BSI has prepared its business prospects with due shifting transactions from branches to digital, and
consideration for external conditions that have the digitizing business processes to speed up Service Level
potential to influence the Bank’s performance, in Agreements (SLAs).
addition to internal situations. All reviews were
conducted prior to target setting, which allowed the The growing sharia market presents enormous
Bank to first identify risks and formulate mitigation. opportunities for BSI to gain more market share. That’s
Other considerations included sound banking principles why we see the Bank’s potential to expand even further.
and sharia principles. This is in line with the business prospects that have been
prepared by the Board of Directors.
We have received and reviewed the draft business
prospects contained in the Bank Business Plan (RBB)
since the initial stage after being submitted by the Board
of Directors. In our view, the Board of Directors has
considered various existing provisions in preparing the
Bank’s business prospects for 2024.
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VIEWS ON THE IMPLEMENTATION OF The composite rating remained unchanged compared
CORPORATE GOVERNANCE to the first semester of 2023. The Bank Health Level
One aspect of our oversight is the principles of good Assessment was reported to the regulator (OJK) every
corporate governance (GCG) that BSI has implemented. semester in the June and December periods.
Within the Bank, we are part of the implementation of
GCG, according to the functions we run and the roles we While complacent with the high score of the GCG
play. assessment, BSI continues to make improvements to its
implementation of GCG using international standards
We’d like to consider that, until 2023, the as a reference. Therefore, the Bank has adopted the
implementation of GCG within BSI had been excellent. principles developed by the Organization for Economic
The results of this view were the results of the GCG Cooperation and Development (OECD) and agreed
self-assessment we conduct every semester. The self- upon by the ASEAN Capital Market Forum (ACMF), or
assessment policy refers to OJK Circular Letter (SEOJK) more commonly, the ASEAN Corporate Governance
No.10/SEOJK.03/2014 concerning Assessment of the Scorecard (ACGS).
Soundness Level of Sharia Commercial Banks and Sharia
Business Units. BSI’s development of GCG implementation will support
increasing the Company’s value, which will then provide
For 2023, the BSI earned a score of 2 as the result of added value for stakeholders, especially shareholders.
its GCG self-assessment in semesters I-2023 and II- The high trust of stakeholders will result in a mutually
2023, or falling under the “Good” category. The ranking synergistic and harmonious relationship that will have
is determined in accordance with SEOJK No.10/ positive impacts on BSI’s future development.
SEOJK.03/2014 based on an analysis of 3 (three)
things: implementation of GCG principles; adequacy of As part of implementing GCG principles, BSI also has a
governance over the process structure and results of violation reporting system, or whistleblowing system
GCG implementation at the Bank; as well as information (WBS). The purpose of WBS is to create a comfortable
related to GCG. and transparent work environment as the system follows
up on complaints or disclosures on various matters that
Other than making self-assessments to comply with BI could otherwise result in losses, both financial and non-
and OJK regulations, which require banks to do so, BSI financial, including a deteriorating image of the Bank.
has also had independent parties measure the quality
of its GCG implementation. In 2023, an assessment The Bank’s WBS has been designed to ensure that any
in the form of the Corporate Governance Perception violations within the Bank are followed up immediately
Index (CGPI) was conducted by the Indonesian Institute without disrupting ongoing business processes. This
for Corporate Governance (IICG) with the embraced effort is an important part of maintaining the Bank’s
theme of “Building Corporate Agility within the GCG reputation.
Framework.” The CGPI assessment results stated that
BSI earned a score of 91.50 and was named “Very FREQUENCY AND METHODS OF
Trusted” or “The Most Trusted Company.” PROVIDING ADVICE TO MEMBERS OF
THE BOARD OF DIRECTORS
In terms of Bank health level, it consists of four The process of providing advice to the Board of
assessment factors, namely risk profile, GCG, Directors begins with our oversight, with assistance
profitability, and capital. BSI’s Health Level Rating in from our supporting committees. We regularly hold
the second semester of 2023 is at composite rating joint meetings with the Board of Directors to discuss
2 (“Healthy”), which means the Bank’s condition is various matters related to the management of the Bank,
generally healthy, so it is considered capable of facing as it is run by the Board of Directors.
significant negative influences from changes in business
landscapes and other external factors. Through this forum, we usually ask for an explanation
from the Board of Directors on the Bank’s performance
achievements and various obstacles encountered. We
have also expressed our views and provided advice
regarding this matter.
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REPORT FROM
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Throughout 2023, we held 12 (twelve) joint meetings In fact, the Audit Committee held regular meetings with
with the Board of Directors. We also held 3 (three) the Internal Audit Unit to discuss plans, realizations, and
joint meetings with the Sharia Supervisory Board and audit findings. The results of these meetings have been
Directors. periodically reported to us as part of our monitoring
mechanism.
Apart from the joint meeting forum, we also held
meetings with committee members to discuss the Meanwhile, the Risk Monitoring Committee routinely
results of their oversights. Meetings with the Audit monitored reports presented by management,
Committee were held 18 (eighteen) times. Meanwhile, especially on the Bank’s risk exposures. As part of this
we held another 12 (twelve) meetings with the Risk oversight, the Risk Monitoring Committee has also held
Monitoring Committee and 3 (three) meetings with the meetings with relevant units and carried out direct
Remuneration and Nomination Committee. monitoring in the field.
We also provided advice to the Board of Directors Likewise, the Remuneration and Nomination
on other occasions than the meetings. We could also Committee has assessed the suitability of the BSI
do so through correspondence to ensure proper organization for the challenges it will face in the future.
documentation that is consistent with the principles of The Remuneration and Nomination Committee has
good corporate governance. also screened and selected prospective members
of the Board of Commissioners and Directors to be
ASSESSMENT OF COMMITTEES UNDER recommended to the GMS.
THE BOARD OF COMMISSIONERS
During the 2023 financial year, we had 3 (three) In our assessment, the three committees have carried
supporting committees: the Audit Committee, the Risk out their duties and functions well throughout 2023.
Monitoring Committee, and the Remuneration and This is mainly seen in the meeting attendance and the
Nomination Committee. recommendations it provided to us.
The Audit Committee assisted us with our oversight CHANGES IN THE COMPOSITION OF THE
duties, especially on financial information, internal BOARD OF COMMISSIONERS AND THE
control systems, the effectiveness of audits by internal REASONS FOR THE CHANGES
and external auditors, and the effectiveness of risk In 2023, there were changes in the composition of the
management implementation. Including compliance Board of Commissioners, as they had been ratified
with applicable laws and regulations. through the Annual General Meeting of Shareholders
(GMS) on 22, 2023. The Annual GMS has determined
Meanwhile, the Risk Monitoring Committee’s the appointment of Muliaman D. Hadad as President
responsibility is to oversee and give advice to the Commissioner and Independent Commissioner and
Board of Directors on the Bank’s risk management. The transferred Adiwarman A. Karim’s from previously
Remuneration and Nomination Committee has the duty being President Commissioner and Independent
and responsibility to assist us in implementing areas Commissioner to becoming Deputy Vice President
related to our and the Board of Directors’ remuneration Commissioner and Independent Commissioner with the
and nomination. term of office continuing his remaining term of office
in accordance with the GMS decision concerning the
appointment of the referred.
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Furthermore, the Annual GMS determined the end of The Bank would like to express its gratitude to the
Nizar Ali’s duties as Commissioner, as well as determining Commissioners whose term of office has ended for their
the appointment of Abu Rokhmad as Commissioner, energy and thinking while they were in office. The Bank
effective on the closing date of the Annual GMS for also welcomed the new Commissioners on board and
the 2022 Financial Year and will end at the closing of invited them to give collective support for the Bank’s
the third Annual GMS since his appointment, which business achievements, both short-, medium-, and long-
will be held in 2026, but without reducing the right of term.
the GMS to dismiss him at any time in accordance with
the Company’s Articles of Association. Furthermore, CLOSING AND APPRECIATION
the appointment is effective from the time of obtaining To close these remarks, we’d like to express our
approval from the Financial Services Authority for the deepest appreciation to the Board of Directors and the
fit and proper test. executives below them for the positive performance BSI
delivered this year. We’d also like to say thanks to the
Thus, the composition of the BSI Board of Commissioners shareholders for the opportunity granted to be part of
as of December 31, 2023, is as follows: the Bank’s journey to become a “Top 10 Global Islamic
Bank.”
Muliaman D. Hadad*) President Commissioner and
Independent Commissioner Our gratitude also goes to the customers for their
Adiwarman Azwar Karim Vice President Commissioner trust in BSI, which has enabled the bank to grow even
and Independent Commissioner further. Also, to the other stakeholders who have
Suyanto Commissioner worked together, and our hope is that we can keep
these relationships and develop them further into a
Masduki Baidlowi Commissioner
mutually beneficial ecosystem in accordance with good
Imam Budi Sardjito Commissioner
governance.
Sutanto Commissioner
M. Arief Rosyid Hasan **)
Independent Commissioner Finally, we thank the regulators for providing guidance
Komaruddin Hidayat Independent Commissioner to the Bank’s management, allowing them to deliver
performance in accordance with applicable laws and
Mohamad Nasir Independent Commissioner
regulations. We hope that BSI will become a leading
Abu Rokhmad *)
Commissioner
institution in the future, spreading Islamic values that
*) Effective September 21, 2023 bring grace and benefits to people from all walks of life.
**) Submit resignation on November 6, 2023
That, we believe, is how BSI can inspire all parties while
also contributing significantly to the country.
Jakarta, April 25, 2024
On behalf of the Board of Commissioners
Muliaman D. Hadad
President Commissioner concurrently Independent Commissioner
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 43
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Performance Management Report Company Profile Management Discussion and Analysis
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Board of
Commissioners
Adiwarman Azwar Karim Sutanto
Vice President Commissioner concurrently Commissioner
Independent Commissioner
Masduki Baidlowi Mohamad Nasir
Commissioner Independent Commissioner
44 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Muliaman D. Hadad Suyanto Abu Rokhmad
President Commissioner concurrently Commissioner Commissioner
Independent Commissioner
Komaruddin Hidayat Imam Budi Sardjito
Independent Commissioner Commissioner
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 45
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Performance Management Report Company Profile Management Discussion and Analysis
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Report from
the Board of Directors
Despite challenging external conditions, BSI
achieved positive operational and financial
performance through effective strategy
implementation.
Assalamualaikum Warahmatullahi Wabarakatuh With regards to capital strategy, the Bank succeeded
in issuing a Rp200 billion subordinated sukuk. The
Dear Respected Shareholders and Stakeholders, purpose of the corporate action was to strengthen the
Bank’s capital.
Let us begin by thanking Allah SWT for His mercy and
grace, which enabled PT Bank Syariah Indonesia Tbk BSI has also strengthened fundamental enablers, which
(“BSI,” “Bank”) to outperform in 2023 compared to 2022 involve preparing Business Continuity Management
despite the fiscal year’s difficult challenges. (BCM) procedures and strengthening organizational
management. In the field of information technology, the
In this fiscal year, BSI delivered Rp5.7 trillion in net Bank has improved system security, risk management,
profit, 33.88% higher than the previous year’s figure of and operational development and strengthened its
Rp4.3 trillion. The Bank’s assets also increased 15.67%, network and information.
from Rp305.7 trillion in 2022 to Rp353.62 trillion.
In parallel, the Bank was developing digital services that
An equally important milestone for BSI this year was a adhered to the principles of electronic transactions and
series of events that proved effective in boosting the customer data control. Through this initiative, BSI hopes
Bank’s growth while also assisting it in achieving its to provide service and convenience to customers while
corporate vision of becoming a “Top 10 Global Islamic expanding market access.
Bank.” One such event was our success in upgrading the
status of the Bank’s Representative Office in Dubai to a As the management, we hope to see the strategic
full branch on August 17, 2023, which has now enabled policies and achievements made in 2023 further
us to maximize the Bank’s global market potential. support the creation of sustainable growth in the Bank’s
performance.
46 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Hery Gunardi
President Director
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REPORT FROM
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ECONOMIC AND INDUSTRIAL OVERVIEWS Overall, in 2023, the global interest rate trend of higher
The global economy slowed even further in 2023, owing for longer pushed outflows in the stock market amidst
primarily to a slower-than-expected economic recovery fairly large non-resident inflows in the SBN market
and the effects of the global rate increase path. China’s during the early-to-mid-2023 period. The outflows in
reopening, whose expected outcomes fell short of the stock market were also driven by the overall decline
expectations due to a stubborn property sector crisis, in the Composite Stock Price Index average in 2023
contributed to the global slowdown, despite visible compared to the previous year. Meanwhile, the average
economic improvements in its closest competitor, the yield on 10-year SBN tended to decline in line with the
United States. However, supply disruption has subsided, risk of a decline in the domestic economy amidst the
allowing commodity prices to return to normal. global rate increase path. In line with these conditions,
However, uncertainty, which was increasing due to combined with the persistently high global financial
both persistent Russia-Ukraine and recently escalated market uncertainty, the Rupiah tended to depreciate on
Israel-Hamas geopolitical tensions in the third quarter, average in 2023.
threatened to reverse that favorable trend. As a result,
there was persistently high global inflation that would In the banking industry, total national banking assets
take longer to decrease. reached Rp11,984 trillion in December 2023, growing
5.91% on an annual basis (year on year/yoy). Third Party
Various central banks were quick to respond to the Funds (TPF) increased Rp317 trillion to Rp8,611 trillion,
persistently high inflation with multiple increases in or 3.82% (yoy). The national credit distribution grew
benchmark rates. The Fed and the European Central 10.37% (yoy), or Rp681 trillion, to Rp7,248 trillion. The
Bank have raised their benchmark rates by 100 bps increase was driven by the restored economic activity of
and 200 bps, respectively, throughout 2023. The intent the public in line with the easing of mobility restrictions,
of such an increase was to bring inflation down to the to which the Government and regulators have
targeted 2%. This high-rate increase path pushed global responded with the provision of incentive packages to
benchmark rates to a higher position for longer. The further speed up the national economic recovery.
path’s further impact was stronger dollars and larger
yields on securities offered in developed nations that The health of the banking industry also remained
threatened to keep capital from flowing into emerging manageably under control. The Capital Adequacy Ratio
markets, including Indonesia. (CAR) reached 27.65% in December 2023, or above
the BASEL III minimum requirement set at 10%. The
In the domestic market, economic growth in 2023 liquidity ratio, as indicated by the liquidity-to-TPF ratio
remained robust, mainly due to strong domestic demand (AL/TPF), remained stable at 28.7%.
amidst weaker external sectors as the global economy
was slowing. Overall, in 2023, the domestic economy However, the banking industry did experience a slight
grew 5.05% YoY. Domestic inflation fell sharply and has, decrease in operational efficiency. The decrease was
since May 2023, remained within the target range of 3 reflected in the Operational Cost/Operational Income
± 1%. Domestic inflation eased faster than expected, (BO/PO) ratio of 78.94%, or higher than the position at
restoring people’s purchasing power and keeping the end of 2022 at 78.64%. The financing quality ratio
economic growth as strong as it should be. Under such was maintained, supported by packages of financing
circumstances, the nation’s benchmark rate, the BI restructuring incentives provided by the Financial
7-Day Reverse Repo Rate, only increased by 50 bps Services Authority (OJK) during the COVID-19
throughout 2023. BI had made that upward adjustment pandemic. The non-performing loan (NPL) ratio was
primarily to respond to the threats to Rupiah’s stability recorded at 2.19% (gross) or 0.71% (net).
posed by the increasingly rampant global uncertainty
while mitigating imported inflation.
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The Sharia banking industry also registered positive 4. Business Digitalization
growth. Total assets in December 2023 increased by The bank increases digitalization in business
Rp89.9 trillion, or 11.21% (yoy), to Rp892.2 trillion. by adding active mobile banking users, shifting
In the same period, sharia banking Third Party Funds transactions from branches to electronic and digital
(TPF) increased by Rp65 trillion, or 0.49% (yoy), to channels, as well as digitizing business processes.
Rp684.5 trillion in December 2023. This corresponded This initiative aims to accelerate the achievement
to higher public trust in Sharia banking products, driven of Service Level Agreement (SLA) for customer
by an increase in digitalization infrastructure and access services and increase the Bank’s fee-based income.
services. 5. Increasing Penetration of the Islamic Ecosystem
The Bank accelerates the growth of the Islamic
The Sharia banking industry remained manageably Ecosystem business that covers ZISWAF and the
healthy during and after the COVID-19 pandemic. The economy of mosques, hospitals, Islamic boarding
CAR ratio was 25.41% in December 2023, lower than schools, and education, as well as the Hajj and Umrah
the national banking industry. Likewise, the efficiency businesses. The Bank is to achieve this through the
ratio of Sharia banking was higher than the national development of innovative platforms and solutions
level. The BOPO ratio was recorded at 78.97% in as well as effective acquisition strategies.
December 2023, slightly higher than the BOPO ratio of
the national banking industry. Meanwhile, the quality The Role of the Board of Directors in Strategy
of sharia banking financing also showed a positive Formulation and the Process of Ensuring
performance. The gross Non-Performing Financing Strategy Execution
(NPF) ratio improved from 2.41% at the end of 2022 The Board of Directors, as top management, has an
to 2.17% in December 2023, a better figure than the important role in formulating appropriate strategies and
national banking industry. strategic policies for the Bank. This initiative is an effort
to realize successful performance and achieve BSI’s
BUSINESS PERFORMANCE IN 2023 vision and mission. The formulation of the strategy to be
executed always prioritizes the principle of prudence,
Strategy and Strategic Policies 2023 adherence to sharia principles, and compliance with all
In an effort to support business targets in the 2023 applicable regulatory provisions.
financial year as well as medium- and long-term
achievements, BSI formulated strategic policies and The role of the Board of Directors in formulating
strategies that covered: strategy is not confined to short-term but also medium-
1. Healthy and Sustainable Business Growth and long-term interests. In formulating strategies, the
The Bank manages financing growth in a healthy and Board of Directors devises a plan and policy framework,
sustainable manner by focusing on quality products organizes organizational resources, and formulates
that offer optimal yields. The bank also strengthens specific policies to achieve the set targets.
funding by increasing payroll acquisitions, wadiah
savings, business savings, and Hajj savings, as well The Board then submits the preset strategy formulation
as fee-based income. and strategic policies to the Bank organization for
2. Increased Efficiency and Productivity further execution. In practice, the Board of Directors
The Bank continues to organize its office network, monitors and makes evaluations to ensure that all
have an evenly spread location distribution strategies and strategic policies work as planned.
(coverage), and evaluate low-performing offices.
On the other hand, the Bank increases productivity In the monitoring process, the Board of Directors
through employee redeployment as well as by creates an agenda for regular meetings with related
upskilling and reskilling employees’ capabilities. directorates and groups to evaluate target achievement.
3. Increasing Product Holding Ratio These regular meetings also identify the obstacles and
The Bank implements a customer-centric challenges encountered and formulate strategies to
organization concept with insights into customer overcome them. Apart from meeting mechanisms, the
profiles that allow it to provide comprehensive Board of Directors receives periodic reports, both
product and service solutions. In addition, the daily and monthly, which help in monitoring the Bank’s
Bank has increased its product holding ratio by current business conditions.
strengthening data analytics, increasing digital
adoption, and intensifying existing customer Active direction of the Board of Directors in executing
relationships. strategy and achieving the Bank’s performance is also
carried out by the supporting committees of the Board:
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the Risk Management Committee, ALCO Committee, IT to maintain healthy liquidity in accordance with
Steering Committee, Policy and Procedures Committee, regulatory requirements.
HR Committee, and BCM Steering Committee. Joint
monitoring of committees is carried out through Board In order to increase TPF, the Bank acquired more payroll
of Directors meetings and field director meetings. and an Islamic ecosystem with a focus on targeted
customers and through digital banking, with an increase
Comparison of Target and Realization in active users (USAK) of 25.89% (yoy). The objective of
The execution of strategic strategies and policies these initiatives was to accelerate funding and financing
throughout 2023 has resulted in positive Bank transaction processes.
performance, better than the previous year. In general, it
was even higher than the target set in the Bank Business Commitment to MSMEs
Plan (RBB). In running the banking business, BSI remained
steadfastly committed to helping micro, small, and
In net profit, for example, BSI managed to record Rp5.7 medium enterprises (MSMEs) thrive. The Bank is
trillion, an increase of 33.88% compared to the previous manifesting this commitment mainly through financing
year. This was 110.72% of the Bank’s RBB target. in the business sector, including the distribution of
people’s business credit (KUR).
This profit achievement was mainly contributed by
profit sharing margin income, which reached Rp22.2 In 2023, total financing distribution to MSMEs reached
trillion, up 13.04% (yoy). Another contributor, fee-based Rp45.5 trillion, or 18.97% of total Bank financing.
income, grew 12.08% (yoy) to Rp4.2 trillion. At the same Compared to 2022, which amounted to Rp41.91 trillion,
time, overhead costs were maintained at Rp10.1 trillion, this realization increased by 8.49%.
up only 2.40% (yoy) or 107.28% of the RBB target.
The largest distribution of BSI financing in the MSME
By the end of the 2023 financial year, the Bank had segment was to small businesses, which reached Rp23.2
succeeded in increasing fund distribution by 15.70% trillion. This figure was an increase of 12.15% from
compared to last year to reach Rp240.3 trillion in Rp20.7 trillion in 2022.
total, or 100.55% of the RBB target. Total funds raised
reached Rp293.8 trillion, up 12.35 (yoy) and 101.19% of Obstacles and Challenges
the RBB target. Throughout 2023, the Bank encountered some
obstacles and challenges in achieving targets, including
Percentage of Rewards for Fund Collection the stability and security of information technology
and Distribution (IT) systems. This was rather unfortunate since the
In running the business, the Bank continues to develop obstacles happened at a time when the public and
business cooperation, improve business processes, customers of Sharia banking were seeking complex
and sharpen business models. The Bank has gone even financial solutions that also offered speed, convenience,
further by offering special pricing for financing product and security in making transactions. Knowing this has
segments that have great potential for positive growth, prompted BSI to improve cyber security and three-in-
with due consideration and, of course, measurable risks. one (TIO) system capabilities that meet the aspects of
reliability, availability, scalability, and security.
In 2023, the yield from blended Bank financing
was 8.94%. Financing quality improved, with Non- As a mitigation effort, the Bank has strengthened its IT
Performing Financing (NPF) of only 2.08% compared to systems and security through a number of strategies.
2.42% in 2022. Examples include identifying IT assets, threats, and
vulnerabilities, as well as incident detection through 24-
Along with the increase in benchmark interest rates hour monitoring. The Bank also continues to test cyber
in 2023, BSI continued to increase cheap funds with security through penetration testing by independent
savings growth of 7.08% (yoy). The bank also continued parties.
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Mitigation is also carried out through the standardization Indonesia is 9.14% with an inclusion index of 12.12%, far
of data communication network devices and software, below financial literacy in general, which has an index of
as well as through the management of system access 49.68% and an inclusion of 85.10%.
authority and the development of electronic banking
services from a security, accessibility, and IT security BUSINESS PROSPECTS 2024
aspect. In addition, the Bank implements the System Macroeconomic indicators suggest a challenging
Integration Test (SIT) and User Acceptance Test (UAT) outlook for 2024 due to geopolitical, defense, and
for every application system creation or development in economic tensions and the potentially aggressive
order to minimize the potential for application system tightening of monetary policy.
failure.
In response to high global economic uncertainty and a
In testing the security and reliability of application weaker Rupiah exchange rate due to portfolio outflow
systems from potential cybercrime attacks, the Bank from non-residents, along with higher and longer
conducts a Penetration Test (PenTest). To ensure interest rates, especially in developed nations, the
that each of the systems it has in the pipeline meets focus of monetary policy will remain on pro-stability
adequate IT development standards, both in terms measures. Bank Indonesia just made another increase of
of infrastructure adequacy and IT security as well 0.25% to 6.00% in its 7-Day Repo Rate (BI-7DRR) during
as business processes and procedures, the Bank has its meeting in October 2023. That was a preventive
implemented a Release Control Board (RCB). measure to maintain exchange rate stability and contain
the impact of imported inflation to keep inflation
The Bank continues to innovate digital-based products within the target range. In the future, BI is predicted
and services that prioritize convenience, speed, security, to maintain its benchmark interest rate of 6.00% until
human resources, security improvement, and end-to- mid-2024. This interest rate policy will have an impact
end standardization. To realize all commitments in the on the liquidity available in the banking system and pose
IT sector, the Bank made a total IT investment of Rp967 a challenge for the future business development of the
billion in 2023. banking industry.
The challenges from the liquidity side had to do with Another challenge the banking industry will face is the
the recent increase in BI’s benchmark rate to 6% as of rapid development of information technology. BSI will
December 2023. This policy had an impact on funding make continuous innovations in digital-based products
and financing and, thus, on available liquidity. However, and services to meet the needs of today’s society, which
BSI was still able to maintain its liquidity position at an seeks speed, convenience, and security in transactions,
optimal level, with deposits growing 12.35% (yoy) and and back the products and services with IT system
financing increasing 15.70%. capabilities, end-to-end standardization, security
improvement, and competent human resources.
In addition, the quality of earning assets for several core
debtors has deteriorated, which has therefore exposed With what it achieved in 2023 in various financial
the Bank to greater risk exposure, such as in credit, indicators and corporate actions, the Bank has the
liquidity, and strategic risks. The Bank has offset this by opportunity to continue to grow given the following
continuing to expand through cheap funds, e.g., current opportunities that have presented themselves:
accounts and savings. 1. The public’s high preference for Sharia encourages
positive growth, especially in the halal industrial
At the same time, the Bank reduces expensive funds sector.
while maintaining its liquidity to remain healthy and 2. The optimization of potential for developing the
meet regulatory requirements. To support this, BSI Sharia ecosystem at the global and national levels,
increased TPF through payroll acquisitions, increased along with growing halal awareness.
business savings, wadiah savings, and hajj savings, 3. Strong positioning of BSI in the Sharia banking
as well as the acquisition of the Islamic Ecosystem, industry as the largest Sharia Bank in Indonesia in
including increasing digital banking transactions. terms of assets, third-party funds, and financing.
4. The still-widely open Sharia Market Share in
Another challenge was sharia financial literacy, which National Banking
we’ve been dealing with for years. Based on the 2022
OJK survey, the literacy index of Islamic finance in
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5. An opportunity for BSI to become Integrated Another challenging condition in the future that the
Syariah Financial Services, which offers one-stop Bank has anticipated is the low public literacy and
solution services for all customers’ financial, social, inclusion in Sharia finance, as revealed by the results
and spiritual needs. of OJK research last conducted in 2022. The research
6. The continued trend of strengthening synergy suggests that many still have no idea what Sharia
with the Parent Bank Business Group in order to financial products and/or services are all about. This
maintain the sustainability of BSI operations. has prompted BSI to embrace its commitment to
increasing sharia financial literacy and education for the
Based on the above assumptions and various public through programs in collaboration with relevant
opportunities, BSI is optimistic about continuing to stakeholders.
improve its performance in the long term. The bank has
very bright business prospects. The presumptions are Lastly, the rapid development of information technology
based on the Bank’s strengths: will remain a challenge for the banking industry.
1. An extensive network of offices and work units with Therefore, BSI will continue to innovate digital-based
more than 1,000 outlets and 2,500 ATMs across products and services in order to meet the needs of
Indonesia and a representative overseas branch people who prioritize speed, convenience, and security
office in Dubai. in transactions.
2. The largest Sharia Bank in Indonesia in terms of
assets is also the 6th of the Top 10 Commercial Innovation in the IT sector will also be strengthened
Banks as of December 2023. by IT system capabilities, end-to-end standardization,
3. Having a comprehensive range of Sharia-based security improvement, and human resources. BSI does
financial products and services. all this to deliver the best service and results for its
4. Having a large customer base allows BSI to work stakeholders.
as a customer-centric organization by better
understanding the customer profile and providing a IMPLEMENTATION OF GOOD CORPORATE
more comprehensive range of product and service GOVERNANCE
solutions. BSI continues to improve the implementation of good
5. High quality of financing bookings through Risk corporate governance (GCG) in line with developments
Acceptance Criteria discipline, end-to-end process in legislation and best practices in the industry, both
improvements, portfolio diversification towards on a national and international scale. The results of the
healthier sector growth, and intensive monitoring. Bank’s commitment to implementing and refining the
implementation of GCG principles can be seen in the
Future Estimates and Bank Anticipation positive growth performance the Bank has filled the
Until 2023, the global inflation rate had remained fiscal year with.
high due partly to unstable commodity prices in the
international market. This inflationary pressure had the The application of GCG principles is an important
potential to cause crises in a number of countries as a element for the Bank’s success, as we are running the
result of rate increase policies taken by central banks Bank’s business. GCG implementation here at the Bank
worldwide to keep rates high in order to tame otherwise goes beyond regulatory compliance since it also serves
higher inflation. as a tool with which we deliver against both our short-
and long-term targets.
Bank Indonesia is expected to anticipate any threat of
inflation or pressure on the exchange rate through this Until the 2023 financial year, all GCG implementation
particulate instrument of benchmark rate increase. in every aspect of the Bank’s business activities had
But of course, an increase in the benchmark rate will been running well. Evaluation of the effectiveness of
increase the cost of funding revenue sharing, which will GCG implementation has also been made periodically
then affect the Bank’s profitability. To overcome this, (semi-annually) through a self-assessment mechanism
BSI will focus on penetrating low-cost funds through the for the implementation of governance in accordance
Sharia ecosystem. with OJK Circular Letter No.10/SEOJK.03/2014
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concerning Assessment of the Soundness Level of Sharia 2. Core System Modernization
Commercial Banks and Sharia Business Units. The The implementation of the core banking
results of the GCG self-assessment in semester 1 and modernization initiative is to simplify systems,
semester 2 of 2023 fell under the “2” (Good) category. improve core functions, and enable the next
generation of core banking to support a rich array
Apart from that, in 2023, BSI participated in the of banking products and services.
“Corporate Governance Perception Index” research and 3. Infrastructure & Connectivity
ranking program conducted by the Indonesian Institute The establishment and improvement of
for Corporate Governance (IICG). The Bank earned a infrastructure as well as connectivity tools,
score of 91.50 – an increase from the previous year – applications, and hardware that combine various
and was named “Indonesia’s Most Trusted Company.” technologies to support the Bank’s business.
4. Integrated Data Management Monitoring and
BSI also continues the process of improving Reporting
governance as a form of commitment and consistency Establishment and improvement of enterprise data
in implementing GCG. This is done by aligning warehouses and big data analysis to enable data-
GCG practices by adopting principles developed by as-a-service as well as information management
the Organization for Economic Cooperation and tools used by employees to monitor and report
Development (OECD) and agreed upon by the ASEAN independently.
Capital Market Forum (ACMF), commonly referred to as 5. Organization, Corporate Support & Internal
the ASEAN Corporate Governance Scorecard (ACGS). Improvements
Establishment and improvement of core company
BSI is determined to become a “Top 10 Global Islamic functions to support the Bank’s operations and
Bank” and achieve the long-term goals that have been internal processes, as well as organizational
set. The determination involves some efforts, such as improvements.
improving and implementing GCG, which is referred to 6. Unified Platform & Customer 360
as GCG domestically and internationally, and applying One main platform to accommodate all workflow
guidelines and standards. capabilities is assisted by increased data centers
and integrated customer service (customer
INFORMATION TECHNOLOGY relationship) in the areas of sales, marketing, and
DEVELOPMENT campaign management to increase customer
In Information Technology (IT), BSI focuses on ensuring engagement.
system reliability and security, especially system 7. Digital Expansion & Open Banking
stabilization, infrastructure standardization, and Improvement and expansion of digital distribution
security improvement. The Bank is transforming itself by networks, sales, and omni-channel services,
preparing the latest technology for future development. including increased integration capabilities with
The digitalization of processes will continue to be various methods and strategies to enable open
implemented to improve Bank services. The digital banking with seamless and secure internal and
development process is implemented using an agile external connectivity
method that can respond quickly to market needs. 8. Environment, Social & Governance (ESG)
Implementation of the Bank’s sustainable strategy
IT planning and development within BSI, which in carrying out development (investment) that
involves modernizing core banking and strengthening provides added value in environmental, social, and
business and digital banking, constitutes a strategy to governance aspects while serving as an agent of
support the achievement of the Banks’ strategy. The change for the Sharia economy in Indonesia.
Bank’s IT development is carried out with the “7+ IT
Stars” (Strategic Action and Programs) concept, which HUMAN RESOURCES MANAGEMENT
includes: The Bank has established a “Human Capital Roadmap”
1. Security, Risk, and Fraud to support BSI’s innovative and proactive organizational
Setting and improving security, risk management, transformation and human resources (HR) in responding
fraud, and anti-money laundering (AML) perimeters to challenges and changes in the future. The Bank laid
to protect banking and its customers. the focus of its human capital strategy in 2023 on how
to increase employee productivity, improve business
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processes, align performance with rewards, accelerate 6. Strengthening 3 (three) lines of defense IT work
employee capability development, and strengthen the units to help strengthen IT Governance, IT
integration of the Company’s risk awareness culture. capabilities, business continuity management
The overall objective was to strengthen fundamental (BCM), risk, compliance, and anti-fraud functions to
human capital policies. strengthen GCG implementation.
Certain programs were run in 2023 to support the PERFORMANCE ASSESSMENT OF
implementation of the human capital strategy focus, SUPPORTING COMMITTEES OF THE
including the Middle Manager Development Program BOARD OF DIRECTORS
(MMDP), Senior Manager Development Program In carrying out its management duties in 2023, the
(SMDP), Master’s Scholarship Program for BSI talent Board of Directors is assisted by 7 (seven) supporting
employees in 2023, updating the Human Capital committees, also referred to as the Executive
Information System (HCIS), as well as the convention of Committee: the Risk Management Committee, IT
the Culture Summit. Steering Committee, Policy & Procedure Committee,
Business Committee, Human Capital Committee, BCM
As a form of appreciation and commitment to employee Committee, and Asset & Liability Committee (ALCO).
welfare, the Management carried out annual increments,
continued providing bonus tokens in the middle of the During 2023, we think that our supporting committees
year, gave appreciation for Umrah, and launched the have carried out their duties and functions well.
Employee Financing Facility (FPP) product batch 2. Recommendations resulting from committees have
The FPP policy was introduced to facilitate employees become an important consideration for us in making
meeting their financing needs for cars and housing. strategic decisions so as to produce positive Bank
performance.
Organizational development in the HR sector is carried
out in line with the “Corporate Plan PT Bank Syariah CHANGES IN THE COMPOSITION OF
Indonesia Tbk 2022-2032” and BSI’s aspiration to THE BOARD OF DIRECTORS AND THEIR
become a “Top 10 Global Islamic Bank.” As it worked UNDERLYING REASON
to meet this aspiration, BSI continuously reviewed In 2023, there were changes in the composition of the
the organization to support its key metrics, including Board of Directors, which were ratified through the
increasing the customer base, profitability, and volume Annual General Meeting of Shareholders (GMS) on
of the Bank’s assets in 2023 through adjusting the May 22, 2023. The GMS honorably dismissed Achmad
organizational structure with a laid focus on: Syafii as Director of Information Technology and
1. Strengthening BSI with a lean organizational Tiwul Widyastuti as Director of Risk Management and
structure and effective business processes that appointed Saladin D. Effendi as Director of Information
allow for faster and more optimized delivery of the Technology and Grandhis Helmi Harumansyah as
Bank’s services to customers. Director of Risk Management.
2. Development of flagship segments and products in
order that they can contribute directly to financial This decision took effect on the closing date of the 2023
indicators. Annual GMS. The terms of office of the 2 (two) new BSI
3. Strengthening the BSI performance culture by directors will end at the close of the third Annual GMS
increasing the Product Holding Ratio (PHR) with a since their appointment, or in 2026. However, this does
customer-centric organization approach. not reduce the GMS’s right to dismiss them at any time
4. Digital business development involves providing in accordance with the budget. Company Basics. The
Islamic features, modernizing mobile banking, and appointment is effective upon obtaining approval from
using digital banking as a business driver. the Financial Services Authority for the fit and proper
5. Development of Islamic Ecosystem Solution, test.
Wholesale Business, Transaction, Overseas Branch
Dubai, and alternative network channels through
branchless banking services (laku pandai).
54 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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This change is a proposal from the Main Controlling As Management, we would like to thank the departing
Shareholder (PSPU), which was submitted to the members of the Board of Directors for their
GMS in the PT Bank Mandiri (Persero) Tbk letter contributions during their tenures. We would also like
No. CMB/433/2023 dated 22 May 2023, regarding to take this opportunity to welcome the new members
Changes in the Composition of the Management of PT of the Board of Directors and invite them to collaborate
Bank Syariah Indonesia Tbk. Furthermore, the Annual to achieve the Bank’s goals while also contributing to
GMS decided, as stated in the Deed of AGMS Minutes the country.
Number 45 dated May 22, 2023, and restated in the
Deed of Meeting Decision Statement No. 25 dated CLOSING AND APPRECIATION
June 20, 2023, both of which were made before Ashoya BSI’s outstanding performance in 2023 was no doubt
Ratam, S.H., M.Kn., Notary in Jakarta. very much attached to the role of employees, support
from the Board of Commissioners, and guidance from
Thus, the composition of the Board of Directors until shareholders and regulators. Therefore, as the Board of
the end of the 2023 financial year was as follows: Directors, we would like to express our deepest gratitude
for the important role shown by these stakeholders.
Hery Gunardi President Director
We expect to see further improvements in all the
Bob Tyasika Ananta Vice President Director
cooperation that we have established to date, including
Ngatari Retail Banking Director
with the stakeholders in the bank ecosystem. All
Saladin Dharmanugraha*) Director of Information the efforts we’ve made should support the Bank’s
Technology
sustainable growth performance.
Ade Cahyo Nugroho Direktur Finance & Strategy
Anton Sukarna Director of Sales & Distribution It is our hope the BSI will continue to expand and give
Tribuana Tunggadewi Director of Compliance & maximum benefits to the stakeholders, including the
Human Capital country.
Grandhis Helmi Director of Risk Management
Harumansyah*)
Zaidan Novari Director of Wholesale
Transaction Banking
Moh. Adib Director of Treasury &
International Banking
*) Effective as of 21 September 2023
Jakarta, April 25, 2024
On behalf of the Board of Directors
Hery Gunardi
President Director
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 55
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Board of
Directors
Ade Cahyo Nugroho Anton Sukarna Tribuana Tunggadewi
Director of Finance & Strategy Director of Sales & Distribution Director of Compliance & Human Capital
Grandhis Helmi Harumansyah Saladin D. Effendi
Director of Risk Management Director of Information Technology
56 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Hery Gunardi Zaidan Novari Ngatari
President Director Director of Wholesale Transaction Banking Director of Retail Banking
Bob Tyasika Ananta Moh. Adib
Vice President Director Director of Treasury & International Banking
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 57
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Performance Management Report Company Profile Management Discussion and Analysis
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Report of
the Sharia Supervisory Board
BSI, as a commercial bank that operates in
adherence to sharia principles, has delivered
exceptional performance, especially in
implementing sharia principles in the Bank’s
operations and products.
Assalamualaikum Warahmatullahi Wabarakatuh We always work in collaboration with the Compliance
Work Unit (SKKP) and Internal Audit Work Unit (SKAI)
Dear Shareholders and Stakeholders, to discharge our duties and functions. This mechanism
is in order to ensure the Bank’s compliance with sharia
Bismillaahirrahmaanirrahiim principles.
We, the Sharia Supervisory Board of PT Bank Syariah As a result, we will continue to push and oversee
Indonesia Tbk (“BSI,” “Bank”), would like to express management as they implement Sharia aspects in all
our thanks to Allah SWT; may His taufiq and guidance of the Bank’s business activities in order to provide the
always be upon us all. Salawat and salaam are conveyed best service while also benefiting the community. We
to the Messenger of Allah, Prophet Muhammad SAW. welcome constructive contributions that will help Bank
Syariah Indonesia become the pride of all Indonesians.
In accordance with the mandate given to us by regulatory
provisions, we have the task of providing advice and In our view as the DPS, BSI, as a commercial bank that
suggestions to the Board of Directors and overseeing operates in accordance with sharia principles, has
the Bank’s activities to keep them in adherence to sharia succeeded in delivering exceptional performance,
principles. This means that all the products and services especially in the application of sharia principles in
the Bank offers and its operational activities must the Bank’s operations and products. Attached to
adhere to sharia principles. We also ensure that every this achievement was the commitment and the right
fatwa issued by the National Sharia Council’s fatwa has strategy execution and strategic policies, including
been implemented at the Bank. the implementation of good corporate governance,
especially adherence to sharia principles.
The submission of this report is part of our oversight
responsibility while also serving as the Bank’s information Let us then express our appreciation for the exceptional
disclosure. This is in line with the implementation of performance in 2023. We hope to see BSI continue to be
the principles of good corporate governance (GCG), a barometer of sharia banking in the country.
considering that the DPS is appointed and ratified
through the GMS in accordance with recommendations
from the National Sharia Council of the Indonesian
Ulema Council (DSN MUI).
58 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Hasanudin
Chairman of the Sharia Supervisory Board
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Performance Management Report Company Profile Management Discussion and Analysis
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REPORT OF
SHARIA SUPERVISORY BOARD
FOCUS IN 2023 A. Financing Documents
During the 2023 financial year, we laid the focus of 1. Customer application letter;
the implementation of our duties and functions on the 2. NAP/NAR;
following: 3. Decision of the Financing Committee (PKP);
1. Periodically updated concerns (quarterly) at 4. Warning letter has been signed by the parties;
every Joint Meeting (attended by the Board of 5. Financing agreement and contract addendum
Commissioners, Directors, DPS). along with attachments (such as documents for
2. Sharia Literacy and Training for Audit/RBC purchasing goods, etc.);
Frontliner & Network Marketing Teams by DPS, KS 6. Profit Sharing Declaration (specifically under
& SCOM the Musyarakah/Mudharabah financing
3. Prepared Digital Modules scheme)
4. Muamalah Fiqh Certification for all Position Levels B. Types of Financing Agreements
(All AM levels). 1. Murabaha
5. Prepared Sharia Compliance assessment tools: 2. Ijarah
a. Sharia Checklist 3. Ijarah Muntahiyyah Bit Tamlik
b. Sharia Audit 4. Muysrakah/Mudarabah
on financing (all Financing Agreement Schemes) 5. Musyarakah Mutanaqishshah
and funds. 6. Rahn
6. Conducted Pick Test Activities in each Area & 7. Qard
Regional office 8. Wakalah
7. Conducted Sharia Combined Assurance C. Funding Documents for each Branch Office, as
thematically (Micro, SME, Consumer Segment) follows:
Together with Sharia Compliance & Internal Audit 1. Savings:
a) 3 (three) samples based on the Mudharabah
IMPLEMENTATION OF SUPERVISION Scheme
ACTIVITIES b) 3 (three) samples based on the Wadiah
Throughout 2023, we oversaw the implementation scheme
of Sharia principles in BSI’s operational activities. For 2. Current Account:
oversight, we took samplings at around 55 branch offices, a) 2 (two) samples based on the Mudharabah
i.e., financing and financing documents consisting of: scheme
b) 2 (two) samples based on the Wadiah
scheme
3. Deposits: 3 (three) samples
60 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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CHANGES IN COMPOSITION Our high appreciation also goes to BSI management
In the 2023 financial year, there were no changes to the for successfully navigating through the tough 2023
composition of the Sharia Supervisory Board of Bank financial year with exceptional performance. We hope
Syariah Indonesia. The following is the composition of to see progress made in this financial year, laying a
BSI’s DPS as of December 31, 2023. strong foundation on which BSI can serve and provide
greater benefits to society and the country.
Hasanudin Chairman
We hope that management will strictly adhere to Sharia
Mohamad Hidayat Member
principles when running the banking business across all
Oni Sahroni Member
operations, including in pursuing performance targets.
Didin Hafidhuddin Member
APPRECIATION
As the Sharia Supervisory Board, we’d like to express our
gratitude for the strong cooperation we’ve built with the
BSI organization, especially the management. We hope
that what the Bank has achieved so far can improve the
quality of the application of Sharia principles in line with
BSI’s business expansion going forward.
Wassalamualaikum Warohmatullahi Wabarokatuh
Jakarta, April 25, 2024
Hasanudin
Chairman of the Sharia Supervisory Board
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 61
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Performance Management Report Company Profile Management Discussion and Analysis
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Sharia
Supervisory Board
62 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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From left to right:
1. Dr. H. Oni Sahroni, MA
Member of the
Sharia Supervisory Board
2. Prof. DR. KH. Didin Hafidhuddin, M.Sc
Member of the
Sharia Supervisory Board
3. Dr. K.H Hasanudin, M.Ag
Chairman of the
Sharia Supervisory Board
4. Dr. H. Mohamad Hidayat
Member of the
Sharia Supervisory Board
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 63
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Statement of Member of the Board of Commissioners
and Member of the Board of Directors on the
Responsibility for the Annual Report 2023
PT Bank Syariah Indonesia Tbk
We, the undersigned, hereby declare that all information contained in the 2023 Annual Report of PT Bank Syariah
Indonesia Tbk has been presented in its entirety, and that we assume full responsible for the accuracy of the contents
of the PT Bank Syariah Indonesia Tbk Annual Report.
This statement is hereby made truthfully.
Jakarta, April, 25 2024
THE BOARD OF COMMISSIONERS
Muliaman D. Hadad
President Commissioner concurrently
Independent Commissioner
Adiwarman Azwar Karim
Vice President Commissioner concurrently
Independent Commissioner
Komaruddin Hidayat Suyanto Masduki Baidlowi Mohamad Nasir
Independent Commissioner Commissioner Commissioner Independent Commissioner
Imam Budi Sarjito Sutanto Abu Rokhmad
Commissioner Commissioner Commissioner
Page 67
THE BOARD OF DIRECTORS
Hery Gunardi
President Director
Bob Tyasika Ananta
Vice President Director
Ngatari Tribuana Tunggadewi Ade Cahyo Nugroho
Retail Banking Director Compliance & Human Capital Director Finance & Strategy Director
Anton Sukarna Saladin D. Effendi
Sales & Distribution Director Information Technology Director
Grandhis Helmi Harumansyah Zaidan Novari Moh. Adib
Risk Management Director Wholesale Transaction Banking Director Treasury & International Banking Director
Page 68
Page 69
03 COMPANY PROFILE
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Corporate
Identity
Company Name
PT Bank Syariah Indonesia Tbk
Legal Basis of Establishment Line of Business
• State Gazette of the Republic of Indonesia No. 43 - Commercial Bank based on Sharia Principle
May 28, 1971 -Supplement No. 242
• State Gazette of the Republic of Indonesia No. 85 -
October 23, 2009 - Supplement No. 26142
• State Gazette of the Republic of Indonesia No. 96 -
December 1, 2009 - Supplement No. 27908.
Business License Authorized Capital
• Decree of the Governor of Bank Indonesia No. Rp40,000,000,000,000
10/67/KEP.GBI/DpG/2008 dated October 16,
2008
• Decree of the Governor of Bank Indonesia No.
11/63/KEP.GBI/DpG/2009 dated December 15,
2009
Name Change Information Issued and Fully Paid-up Capital
Effectively changed to PT Bank Syariah Indonesia Rp23,064,630,069,000
Tbk on February 1, 2021, from previously known as
PT Bank BRIsyariah Tbk due to a business merger
with PT Bank Syariah Mandiri and PT Bank BNI
Syariah.
Ticker Code
BRIS
68 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Stock Exchange Call Center
The Company’s shares were listed on the Indonesia 14040
Stock Exchange on May 9, 2018. 1500789
(specialized in serving corporate customers and
institutional)
Number of Employee Social Media
17,909 employees Facebook : Bank Syariah Indonesia
Instagram : @banksyariahindonesia
@lifewithbsi
@BSIMobile
Youtube : Bank Syariah Indonesia
Twitter : @bankbsi_id
@bsihelp
Access to the Company Telephone
Head Office Address: (62-21) 30405999
The Tower Building,
Jl. Gatot Subroto No. 27
Karet Semanggi Village,
Setiabudi District,
South Jakarta 12930
Website and E-mail Facsimile
https://www.bankbsi.co.id/ (62-21) 30421888
contactus@bankbsi.co.id
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 69
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Performance Management Report Company Profile Management Discussion and Analysis
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Brief History
of the Company
BSI has successfully upgraded the status of its
Representative Office in Dubai, United Arab
Emirates, to a Full Branch
The presence of PT Bank Syariah Indonesia Tbk (“Bank BSI’s shareholders include PT Bank Mandiri (Persero)
Syariah Indonesia”, “BSI”, “Bank”), which was officially Tbk 51.47%, PT Bank Negara Indonesia (Persero) Tbk
established on February 1, 2021, or 19 Jumadil Akhir 23.24%, and PT Bank Rakyat Indonesia (Persero) Tbk
1442 H, creates a new historical record in Indonesian 15.38%. The remaining shareholders hold less than 5%
banking. President Joko Widodo inaugurated each.
Indonesia’s largest Sharia bank at the State Palace.
This merger aims to combine the strengths of 3 (three)
Bank Syariah Indonesia was formed through the merger sharia banks, resulting in more comprehensive services,
of PT Bank BRIsyariah Tbk, PT Bank Syariah Mandiri, a broader reach, and increased capital capacity. BSI is
and PT Bank BNI Syariah. The Financial Services encouraged to compete on a global scale, supported
Authority (OJK) approved the merger of the three by its synergy with the company and the government’s
Islamic bank businesses on January 27, 2021, with commitment through the Ministry of SOEs.
letter No. SR-3/PB.1/2021. Furthermore, on February
1, 2021, President Joko Widodo officially launched BSI.
70 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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BSI is an effort to establish an Islamic bank that will be The presence of BSI is particularly significant in this
the pride of the people, with the goal of providing new context. It is not only capable of serving as a facilitator
energy for national economic development while also of all economic activities within the halal industry
contributing to the well-being of the wider community. ecosystem, but it also represents an attempt to realize
The establishment of BSI also reflects the image of the State’s hopes.
Islamic banking in Indonesia as modern, universal, and
beneficial to all of nature (Rahmatan Lil’Aalamiin).
BSI has a great opportunity to grow and join a global
group of leading Islamic banks. In addition to positive
growth performance and climate support, the
Indonesian government’s mission to establish a halal
industry ecosystem and a large and robust national
Islamic bank, as well as Indonesia’s status as the world’s
largest Muslim population, creates opportunities.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 71
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Performance Management Report Company Profile Management Discussion and Analysis
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Footprint
2010
2009
2008 • Launch of the 7 working
2007 • Bank Indonesia issued
On July 1, 2009, Sofyan Djalil,
State Minister for State-
cultures of BRIsyariah:
PASTI PK, i.e., professional,
Owned Enterprises, officially enthusiast, HR Awards,
business licenses through tawakal, integrity, business
PT Bank Rakyat Indonesia launched BRIsyariah.
letter No.10/67/kep.GBI/ orientation, and customer
(Persero) Tbk acquired dpG/2008. satisfaction.
Bank Jasa Arta. • On October 16, 2008, PT • Live core Banking System
Bank BRIsyariah officially SyIAR (Sharia Integrated
began operating under & Automated Realtime)
Islamic Sharia principles, equipped with electronic
transitioning from financing originating system
traditional operations. (efoS) and management
• On December 19, 2008, Information System (mIS).
the Sharia Business unit of
PT Bank Rakyat Indonesia
(persero) Tbk was separated
and merged into PT Bank
BRISyariah (spin-off
process), effective
January 1, 2009.
2019
2020
2021 • In commemorating its 11th
2022 BRIsyariah developed anniversary, BRIsyariah
i-Kurma Gen 2 to increase develops technological
Bank Syariah Mandiri and
service quality for the innovation for internal
BNI Syariah merged with
customer. I-Kurma Gen 2 business processes to
BSI was able to complete BRIsyariah into one entity, i.e.,
is a development from the accelerate customer
the first rights issue process Bank Syariah Indonesia (BSI),
previous application to services, which was
through Pre-emptive on February 1, 2021, which
accelerate the microfinance Kemaslahatan for Madani
Rights. This process was coincided with 19 Jumadil Akhir
disbursement application People (i-kurma). Kurma
oversubscribed by 1.4 times 1442 H.
process. is a digital application for
and generated additional microfinance processing.
capital of around Rp5 trillion. • The commencement of
Qanun Sharia financial
institution implementation
in Aceh by BRI and
BRIsyariah.
2023
BSI has officially obtained a full license to
operate in Dubai, United Arab Emirates.
72 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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2011 2012
Implementation of Sharia 2013
Services at 18 BRI Branch
Offices
• BRIsyariah has established
itself as the world’s first
• BRIsyariah developed the
2014
sharia bank to offer mobile
Sharia Officer Development
banking services in 4 (four) • Launch of BRIsyariah
Program (SODP) to create
online markets: Blackberry internet banking.
bankers who have great
App World, Google Play, • Implementation of an
competence in Islamic
Apple Store, and Nokia electronic financing
banking and a common
Store. support application (Appel)
understanding of the
• Launch of Tabungan Impian to support the financing
BRIsyariah business.
BRIsyariah disbursement process
• Rebranding of Tabungan
BRIsyariah iB becomes quickly and accurately.
Tabungan Faedah
BRIsyariah iB
• Bank Indonesia approved
BRIsyariah as a foreign
exchange bank.
2018
2017
BRIsyariah go public on May
9, 2018 on the Indonesia • The first Islamic bank
2016
Stock Exchange, conducting
an Initial Public Offering for
disbursed Rp58,1 billion
in KUR syariah to 2578 BRIsyariah issued BRIsyariah
2015
2,623,350,600 shares to both customers. Subordinated Mudarabah
domestic and foreign investors • Distributed SBUM (Down Sukuk I 2016 to strengthen • OJK appointed BRIsyariah
with a nominal value of Rp500 Payment Assistance its capital base. as Indonesia’s First Movers
per share. Subsidy) to ASN and the in Sustainable Banking.
private sector for FLPP KPR • BRIsyariah became the first
financing in 2017, totaling Sharia Bank in Indonesia to
Rp950 billion. launch Laku Pandai Syariah
• Designated by the Ministry BRISSMARt.
of Finance of the Republic • BRIsyariah received
of Indonesia as the recipient approval from the Ministry
bank for electronic state of Finance of the Republic
tax collectors through the of Indonesia as a participant
second generation national in the StateSharia Securities
Income Generation module (SBSN) auction.
(MPN) for corporate and
individual taxpayers.
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Performance Management Report Company Profile Management Discussion and Analysis
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Vision
Mission
Vision
TOP 10
GLOBAL ISLAMIC BANK
Mission Provide access to Sharia Financial Solutions in Indonesia.
Serving >20 million customers and becoming the top 5 bank
based on assets (500+T) and book value of 50 T in 2025.
To be a large bank that provides the best value for
shareholders.
Top 5 most profitable banks in Indonesia (ROE 18%) and
strong valuation (PB>2).
To be the Company of Choice and the Pride of Indonesia’s
Best Talents.
A company with strong values that empower the community
as well as being committed to employee development with a
performance-based culture.
In the 2023 fiscal year, Management did not review BSI’s Vision and Mission because they believed they were still
relevant to the Bank’s development.
74 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Corporate
Culture/Values
Bank Syariah Indonesia was established by a State-Owned Enterprise (SOE), which is currently the majority
shareholder of the Bank. Accordingly, BSI uses “AKHLAK” as the company’s value, in line with the Circular Letter of
the Ministry of SOEs No. SE-7/MBU/07/2020, which requires every SOE to implement these core values as the basis
for building HR character.
Amanah
Uphold the trust given
Kompeten
Keep learning and developing capabilities
Harmonis
Mutual care and respect for differences
Loyal
Dedicated to and prioritizing the
interests of the Nation and the State
Adaptif
Keep innovating and be enthusiastic
about making or facing change
Kolaboratif
Build synergistic cooperation
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 75
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Line of
Business
In accordance with the Articles of Association
A. Main business activities
1. Collecting funds in the form of deposits, namely 10. To purchase, sell, and/or guarantee at its own
Current Account, Savings, or other equivalent risk third-party securities issued on the basis
forms based on the Wadi’ah Agreement or of underlying transactions based on sharia
other agreements that are not contrary to principles.
sharia principles. 11. Purchasing securities based on sharia
2. Raising funds in the form of investment, namely principles issued by the Government and/or
Deposits, Savings, or other equivalent forms Bank Indonesia
based on the Mudharabah Agreement or other 12. Accept payments from commercial papers
agreements that are not contrary to sharia and perform calculations with or among third
principles. parties based on sharia principles.
3. Disbursing profit-sharing financing based 13. Moving money, either for its own interest or
on the Mudharabah, Musyarakah, or other for the Customer’s interest, based on sharia
agreements that are not contrary to sharia principles
principles 14. Placing funds with, borrowing from, or lending to
4. Disbursing financing based on Murabahah, other Banks, using letters, telecommunications
Salam, Istishna’, or other agreements that are devices, sight drafts, checks, or other means.
not contrary to sharia principles. 15. Providing safe deposit boxes to store valuable
5. Disbursing financing based on the Qardh goods and commercial papers based on the
Agreement or other agreements that are not principle of wadi’ah yad amanah or other
contrary to sharia principles. principles based on sharia principles.
6. Disbursing financing for leasing movable or 16. Providing custodia services, including
immovable goods to Customers based on the administration, for the interest of other parties
Ijarah Agreement and/or lease purchase in in accordance with Sharia principles
the form of ijarah muntahiya bittamlik or other 17. Providing Letter of Credit (L/C) facilities based
agreements that are not contrary to sharia on sharia principles
principles. 18. Providing bank guarantee facilities based on
7. Taking over debt based on a Hawalah sharia principles
Agreement or other agreement that is not 19. Providing trustee services based on the
contrary to sharia principles Wakalah Agreement
8. Conducting debit card and/or financing card 20. Performing other activities commonly carried
business based on sharia principles. out in the banking industry, as long as they
9. Performing the provision of banking services are not contrary to sharia principles and in
based on agreement, among others: accordance with the provisions of applicable
i. Wakalah laws and regulations.
ii. Hawalah
iii. Kafalah
iv. Rahn
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B. Supplementary business activities that support 7. Issuing, offering, and trading short-term
the main activities: commercial papers based on sharia principles,
1. Conducting foreign exchange activities based either directly or indirectly, through the money
on sharia principles market
2. Performing capital investment in Sharia 8. Issuing, offering, and trading long-term
Commercial Banks or financial institutions that commercial papers based on sharia principles,
conduct business activities based on sharia either directly or indirectly, through the capital
principles market
3. Performing temporary capital investment to 9. Providing products or conducting other
overcome the consequences of the failure financial service activities based on sharia
of Financing based on sharia principles principles and applicable laws and regulations.
with the condition that it must withdraw its
participation in accordance with the provisions In Line with the Fiscal Year
of the applicable laws and regulations The business activities carried out in the 2023 fiscal
4. Acting as pension fund founder and year were in line with those in the Bank’s Articles of
administrator based on sharia principles Association
5. Conducting activities in the capital market to
the extent that they are not contrary to sharia
principles and the provisions of the laws and
regulations in the capital market sector.
6. Organizing bank activities or products based
on sharia principles by using electronic means
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 77
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Performance Management Report Company Profile Management Discussion and Analysis
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Products
and Services
Until the end of fiscal year 2023, Bank Syariah Indonesia offered a wide range of products and services based on
the needs and profile of each customer. These products and services are classified into four categories: individual,
corporate, digital banking, and cards.
Individuals
BUSINESS
Bank Guarantee Under Counter A banking guarantee instrument is one that is issued on the basis of requests and counter
Guarantee guarantees received from either banks or non-banks.
BSI Bank Guarantee Bank guarantee specifically for vendors/contractors of PT PLN (PLN) in the procurement of
goods and services within PLN.
BSI Cash Management Electronic distribution channels in the form of internet banking services for corporate
customers or institution to carry out activities on their accounts at the Bank in the context of
financial management and cash flow monitoring safely, quickly, and easily.
BSI SDA Export Deposit Together, build the country through foreign exchange exports.
BSI SDA Export Current Accout Mortgage or property ownership financing service with a Hajj portion as a prize.
BSI Giro Optima Mudharabah current account with special returns based on tiering.
BSI Government Current Blessing fund for the country.
Account
BSI Investment Financing Medium and long-term financing facilities for the procurement of capital goods (expansion,
establishment of new projects, or refinancing).
Vostro Current Account Current account opening services in various currencies on behalf of Banks and non-Banks
financial institutions, domestic and international correspondents at BSI.
Collection Services for Collection services for short-term receivables under LC/SKBDN owned by the Nominated
Interbank Trade Finance Bank to BSI, which collects the receivables from the debtor (issuing Bank) according to
Transactions sharia principles. BSI can provide bailout funds to the Nominated Bank based on acceptance
news from the Issuing Bank to the Nominated Bank.
Financing Received (PYD) Loans or financing received by Bank Syariah Indonesia from banks or non-bank third parties,
either domestically or internationally, in rupiah or foreign currency. Bank Syariah Indonesia
distributes profits to third parties based on the agreed-upon PYD underlying assets.
SIF (Supply Infrastructure Financing services for First Level Health Facilities (FKTP): Main Clinics, Pratama Clinics,
Financing) BPJS Health Individual Practitioners, and Dental Practices.
GOLD
BSI Gold Installment Purchase gold in fixed and light installments without worrying about the future price of gold.
BSI Gold Pawn A gold pawn is a financing product that uses gold as collateral to provide a quick source of
cash.
HAJJ AND UMROH
BSI Indonesian Hajj Savings Hajj and Umrah planning savings are available for people of all ages and are based on Sharia
principles, wadiah, and mudharabah agreements. This savings account is not subject to
monthly administration fees and comes with an ATM card and E-Channel access if registered
in Siskohat (getting a portion).
BSI Indonesian Young Hajj Savings in Rupiah or USD for Hajj and Umrah trips for children.
Savings
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INVESTMENT
Bancassurance Collaboration in marketing insurance products with insurance companies affiliated with
Bank Syariah Indonesia.
BSI Forex Time Deposit Mudharabah Agreeement manages investment terms in USD for individual and corporate
customers. Terms of one month, three months, six months, and twelve months are all
available.
BSI Sharia Mutual Fund Islamic mutual funds are a method of collecting funds from the investor community in
exchange for asset ownership. These funds are then invested and managed in sharia
securities portfolios by investment managers who follow sharia provisions and do not
violate Islamic legal principles.
Cash Waqf Linked Sukuk Retail Cash Waqf Linked Sukuk Retail (CWLS Retail), also known as the Sukuk Wakaf SWR001
(Retail Waqf Sukuk) series, is an investment of cash waqf funds in state sukuk issued by the government to
support waqf in the community’s economic empowerment program and social initiatives.
Rupiah Deposits Investment term managed by a Mudharabah agreement for individual and corporate
customers in rupiah. Terms of one month, three months, six months, and twelve months are
all available.
Referral Retail Brokerage Offer a referral service for investment products to potential customers in collaboration with
securities companies.
SBSN Retail • SBSN Retail, consisting of Retail State Sukuk and Savings Sukuk
• Retail State Sukuk are state sukuk sold to individuals or individuals of Indonesian citizens
through selling agents in the domestic primary market.
• Sukuk Tabungan is a sharia investment product offered by the government to individual
Indonesian citizens as a safe, easy, affordable, and profitable investment savings.
FINANCING
Bilateral Financing It is the service of providing financing facilities in rupiah or foreign currencies for short-term
working capital needs or for other purposes to Bank and / or non-bank financial institutions.
BSI Cash Collateral Financing facilities secured by liquid collateral, i.e. secured by deposit in the form of deposits,
current accounts, or savings.
BSI Distributor Financing Working capital financing with a value chain scheme is post-finance (bailout funds to pay
invoices that the work has been completed) provided to suppliers who are specialized
suppliers working on work contracts with Bouwheer, where the source of repayment of
financing is invoice payments from Bouwheer.
BSI Griya Hasanah Mortgage are available for various needs, as follows:
1. Purchase of new house/second house/shophouse/homeoffice/apartment
2. Purchase of ready to build lots
3. House construction/renovation
4. Take over financing from other banks
5. Refinancing to fulfill customer needs
BSI Griya Mabrur Home ownership financing program with Hajj portion as a reward.
BSI Griya Simuda Home ownership financing services for young people to own their dream home with a higher
financing ceiling and light installments.
BSI Griya Take Over Takeover service for another bank’s mortgage.
BSI KPR Sejahtera Consumptive financing facilities for government-subsidized housing with sharia principles.
BSI KUR Kecil A financing facility intended for Micro, Small, and Medium Enterprises to fulfill working
capital and investment needs with a ceiling of above Rp50 million to Rp500 million.
BSI KUR Mikro A financing facility intended for Micro, Small, and Medium Enterprises to fulfill working
capital and investment needs with a ceiling of above Rp10 million to Rp50 million.
BSI KUR Super Mikro A financing facility intended for Micro, Small, and Medium Enterprises to fulfill their working
capital and investment needs with a ceiling of up to Rp10 million.
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PRODUCTS
AND SERVICES
BSI Mitra Beragun Emas Financing for consumptive and productive purposes using murabahah/musyarakah
(Non Qardh) mutanaqishah/ijarah agreements with gold as collateral using a rahn agreement, in which the
gold pledged is held by the Bank for a certain period of time.
BSI Multipurpose Berkah Financing for multipurposes without collateral with various benefits and convenience for
payroll employees at BSI.
BSI Multipurpose Hasanah Consumptive financing facility for:
• Purchase of consumer goods such as home renovations, purchase of home equipment/
furniture, etc.
• Purchase of service benefits such as wedding organizers for weddings, hospitalization,
education, travel agent services, etc.
• Transfer of consumptive financing debt to other financial institutions that have underlying
assets
BSI OTO Vehicle ownership financing services (new cars, used cars, and new motorcycles) with easy
and fixed installments.
BSI Retirement Blessing Monthly pension beneficiaries are eligible for the following financing options:
1. ASN Pensioners & Widow Pensioners.
2. BUMN/BUMD pensioners.
3. ASN/PNS Retirees & Widow Pensioners who have not entered the TMT of
Retirement but have received a Retirement Decree
BSI Umrah Consumptive financing facility to meet the needs of purchasing Umrah travel package
services through the Bank that has collaborated with travel agents in accordance
with sharia principles.
Mitraguna Online Unsecured financing for multipurpose/any purpose with various benefits and
convenience for employees.
PRIORITY
BSI Priority Exclusive services with special facilities from Bank Syariah Indonesia are available to
selected individual customers.
BSI Private An exclusive service with special facilities from Bank Syariah Indonesia is made available to
individual customers who have a minimum accumulative balance of Rp5 billion.
Safe Deposite Box (SDB) It is a place for treasures or securities, which are stored in a treasure room made of sturdy
steel that is fireproof and resistant to demolition, ensuring the security of the items stored
as well as the user’s comfort.
SAVINGS
BSI Business Savings Savings with mudharabah muthlaqah agreement in Rupiah currency that can facilitate the
transactions of the self-employed segment with a larger daily transaction limit and features
free RTGS fees, SKN transfers, incoming clearing deposits through tellers, and internet
banking
BSI Easy Mudharabah Savings Savings in Rupiah currency, whose withdrawals and deposits can be made at any time during
cash operating hours at bank offices or through ATMs.
BSI Easy Wadiah Savings Rupiah currency savings based on the principle of wadiah yad dhamanah, whose withdrawals
and deposits can be made at any time during cash operating hours at bank offices or through
ATMs.
BSI Sharia Securities Savings An Islamic securities savings account with a mudharabah muthlaqah agreement is a Customer
Fund Account (RDN) intended for individual customers for the settlement of securities
transactions in the capital market.
BSI Indonesian Hajj Savings Hajj and Umrah planning savings are valid for all ages based on sharia principles with wadiah
and mudharabah contracts. This savings account is not subject to monthly administration
fees and is equipped with ATM card facilities and E-Channel facilities if it has been registered
in Siskohat (getting a portion).
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BSI Junior Savings Savings that are intended for children and students under the age of 17 encourage a culture
of saving from an early age.
BSI Student Savings Savings with a wadiah agreement from students of State Universities/Private Universities
(PTN/PTTS) or employees/members of companies/institutions/associations/professional
organizations that collaborates with the Bank.
BSI Payroll Savings A derivative product of the regular wadiah/mudharabah savings specialized for payroll and
migrant customers.
BSI Education Savings Savings with a mudharabah muthlaqah agreement intended for individual segments in
planning education with an auto-debit system and insurance protection.
BSI Retirement Savings Savings with a choice of wadiah yad dhamanah or mudharabah muthlaqah agreements
are intended for individual customers who are registered with a pension management
institution that has collaborated with the bank.
BSI Prima Savings Savings products intended for high-networth-individuals with mudharabah and wadiah
principles that provide various facilities and conveniences.
BSI Savings Plan Savings with a mudharabah muthlaqah agreement intended for individual segments to plan
their finances with an autodebit system and free insurance protection.
BSI Student Savings Account Savings with wadiah yad dhamanah agreement for students issued nationally by Islamic
banks in Indonesia, with easy and simple requirements and attractive features, in the context
of education and financial inclusion to encourage a culture of saving from an early age.
BSI Smart Savings Basic saving account with a wadiah yad dhamanah agreement is literacy from OJK with easy
and light requirements issued jointly by banks in Indonesia to foster a culture of saving and
improve the welfare of the community.
BSI Forex Savings Savings with a choice of wadiah yad dhamanah or mudharabah muthlaqah agreements in
Dollar currency whose withdrawals and deposits can be made at any time or according to
the Bank’s provisions
BSI TabunganKu Savings with a wadiah yad dhamanah agreement for individuals with easy and light
requirements issued jointly by banks in Indonesia in order to foster a culture of saving and
improve the welfare of the community
BSI Tapenas Collective Short-term and long-term planning savings for employees or contract personnel at an
institution based on a cooperation agreement.
TRANSACTIONS
BSI Current Account Rupiah Deposits of funds from third parties managed with a choice of wadiah yad dhamanah or
mudharabah muthlaqah agreements, whose withdrawals can be made at any time by using
debit, checks, bilyet giro, other means of payment orders, or book transfer to support
individual and non-individual business businesses in Rupiah currency
BSI Forex Current Account Deposits of funds from third parties managed with a wadiah agreement, whose withdrawals
can be made at any time by using checks, bilyet giro, other means of payment orders or
by bookkeeping to support individual and non-individual business businesses in foreign
currency.
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PRODUCTS
AND SERVICES
Company
CASH MANAGEMENT
CMS Transaction services include transfers to partners or third parties at BSI Bank or other banks
(online, SKN, RTGS), transfers to employees (payroll), payment of tax obligations, payment
and purchase of Pertamina products, payment of utility bills, and other bills.
OPBS (SO/DO) Pertamina BSI Pertamina Payment is a payment and acceptance service for Pertamina products.
Together with Pertamina, BSI comes with a host-to-host service to make it easier for
Pertamina’s partners/customers to order and/or pay for Pertamina products through the BSI
Cash Management System and BSI Branches.
TREASURY
Sukuk Transaction Serving the needs of sharia securities transactions (sukuk):
• Sukuk Negara
• Corporate Sukuk
Deposito On Call (DOC) Deposit products with a certain amount with a minimum period of 1 (one) to 28 (twenty-
eight) calendar days, with a rate of return that refers to the daily placement at Bank
Indonesia. The agreement used is mudharabah mutlaqah.
BSI Sharia Hedging Bank Syariah Indonesia serves foreign exchange sales/purchase transactions carried out in
order to mitigate the risk of changes in exchange rates for certain currencies in the future.
The agreement used are aqd’ al-tahaww al-basith and al-sharf.
Foreign Exchange Transactions Bank Syariah Indonesia serves foreign exchange purchase/sale transactions according to
- General Foreign Exchange/ customer needs with a certain time tenor. Today transactions for delivery on the same day,
Telegraphic Transfer tomorrow (Tom) transactions for delivery after one working day and spot transactions for
delivery after two working days. Currencies traded are USD, SAR, EUR, SGD, JPY, AUD,
HKD, CHF, CAD, CNY, and GBP.
Foreign Exchange Transactions - Bank Syariah Indonesia serves foreign banknote transactions both for withdrawals and
Foreign Banknotes deposits as well as buying and selling against the Rupiah, with al-sharf agreements.
SERVICE
Trustee Representing sukuk holders, and can act as monitoring agents, collateral agents, and escrow
agents related to transactions in the Islamic capital market.
• Trustee
Monitor the issuer’s obligations in accordance with the sukuk issuance trusteeship
agreement.
• Agency
Monitor the parties’ obligations regarding the services of monitoring agents, collateral
agents, capital market escrow agents.
Custodian Shariah-compliant governance with a modern and trusted custodial system.
Core Custody
• Safekeeping
Concept of physical custody of securities, securities recording, and reconciliation.
• Transaction Handling Service
Settlement of securities transactions that have occurred on the transaction date, which
will be settled on the settlement date.
• Corporate Action
The custodian’s functions as a corporate action include other services, including receiving
dividends, interest, and other rights (corporate action) and representing account holders
who are its customers (proxy).
• Sub Registry (Government Bond)
Bookkeeping, recording, and administration services for government bond transactions
for both companies and individuals, either directly with customers and/or through other
selling agents.
• Income Collection
Services for the management or collection of customer rights in connection with
securities and securities deposited at the Custodian Bank.
• Portofolio Accounting
Services for bookkeeping or recording the customer’s asset portfolio
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Fund Services And Unit Link
• Fund Accounting
Bookkeeping of securities transactions or securities in a portfolio and reporting to
customers.
• Fund Administration
Recording the ownership of participation units of mutual fund and/or unit link customers
and reporting them to investors of these products
• Safekeeping
The concept of securities depository is physical storage of securities, securities recording,
and reconciliation.
• Transaction Handling Service
Settlement of securities transactions that have occurred on the transaction date, which
will be settled on the settlement date.
• Income Collection
Services for the management or collection of customer rights in connection with
securities and commercial papers deposited at the Custodian Bank.
• Reporting / Tax
The final result or reporting service performed by the Custodian Bank on Mutual Fund
assets sent to investment managers and/or unit holders.
Investment Financing Medium and long-term financing facilities for the procurement of capital goods (expansion,
establishment of new projects, or refinancing).
Settlement of Export Notes Facilities provided by Bank Syariah Indonesia to customers (Exporters) in order to assist in
the processing of documents, collection of receivables, and help fulfill the working capital
of customers. Including the settlement of single bank, documentary, non documentary,
and open account export bills either by collection (services) or negotiation/discounting
(financing).
LC Issuance/SKDBN Facilities provided by Bank Syariah Indonesia in the form of payment guarantees from
the Bank provided to the beneficiary if the guaranteed party (applicant) cannot fulfill its
obligations or defaults,
Buyer Financing A facility whereby the Bank fulfills the Buyer’s obligation/debt to the Seller based on the
Buyer’s signed sale and purchase contract/bill/invoice document.
Distributor Financing A facility whereby the Bank fulfills the Distributor’s obligation/debt to the Principal based on
the sale and purchase contract/invoice document.
Supplier Financing A facility provided by Bank Syariah Indonesia where the debtor (supplier) delegates to the
Bank to collect receivables. The bank then collects the receivables from the debtor (buyer),
or other parties appointed by the debtor.
Bank Guarantee Facilities provided by Bank Syariah Indonesia in the form of payment guarantees from
the Bank provided to the beneficiary if the guaranteed party (applicant) cannot fulfill its
obligations or defaults.
FINANCING
Mandiri Syariah Bonded Placement of funds sourced from owners of tied investment funds managed by BSI as
Investment collateral for financing provided to customers for a certain period of time based on a
mudharabah muqayyadah agreement.
Investment Financing Facilities provided by Bank Syariah Indonesia in the form of medium and long-term
financing for the procurement of capital goods (expansion, establishment of new projects, or
refinancing).
Refinancing Financing facility to obtain fresh money funds on existing assets/objects of prospective
customers for needs:
• Asset acquisition
• Take over
• Other investment needs
Multifinance Facilities provided by Bank Syariah Indonesia in the form of financing to multifinance with
channeling or executing patterns.
Sharia Current Account Facilities provided by Bank Syariah Indonesia in the form of Short-Term Financing to finance
Financing seasonal working capital needs.
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PRODUCTS
AND SERVICES
Agency, Syndication and As a customer’s business grows, it is often required for more than one bank and/or
Clubdeal Islamic financial institution to jointly meet the customer’s large financial needs. With our
professionals in the field of sharia syndication, customers will have the confidence to obtain
sharia financing facilities in big amounts and competitive margins/rent/profit sharing
without having to deal with many other banks and/or sharia financial institutions but only
with Bank Syariah Indonesia, which will also help customers optimize the financing received.
Working Capital Financing Medium and long-term financing facilities for the procurement of capital goods (expansion,
establishment of new projects or refinancing).
SAVINGS
SBSN Current Account Non-savings account deposits managed with mudharabah agreements are intended for
institutions that require maximum returns.
SDA DHE Deposit Savings account deposits are sourced from DHE SDA funds belonging to customers at the
Bank or other banks.
DHE SDA Giro Non-savings account deposits managed with mudharabah and wadiah agreements are
intended for exporters in the context of DHE SDA export trading activities.
Giro Optima Mudharabah current account with special returns based on tiering.
Digital Banking
BSI Mobile Solutions for customers’ convenience in transactions, worship, and sharing through various
features in one application. BSI Mobile accompanies customers 24 hours a day, and makes
everything more balanced financially, spiritually, and socially.
Open an Online Account The online account opening service through BSI Mobile is a solution for customers who want
to open an account easily without having to come to the branch.
Gold Solutions Gold ownership services ara available through BSI Mobile, with gold purchases starting at
Rp50,000. Customers can buy, sell, transfer, and withdraw physical gold and online gold
pawning easily and safely without the need to come to the branch.
BSI QRIS Transaction services by scanning QR codes that use Bank Indonesia’s QR Code Indonesia
Standard (QRIS).
BSI Cardless Withdrawal A practical solution for customers to make cash withdrawals without a card. Through BSI
Mobile, cardless cash withdrawals can be made at all Bank Syariah Indonesia ATMs, including
Indomaret and Alfamart.
BSI Debit Card The BSI Debit Card is an ATM card from Bank Syariah Indonesia that can be used for
transactions at ATMs and EDCs in the GPN and International (Visa) networks.
BSI Debit OTP BSI Debit OTP is a debit card-based transaction service that uses an OTP code as a PIN for
every transaction.
BSI ATM CRM BSI ATM CRM (Cash Recycle Machine) or ATM Setor Tarik is a type of ATM to serve cash
deposit transactions, cash withdrawals, interbank transfers, and payment or purchase
transactions for all Bank Syariah Indonesia Customers.
BSI Aisyah Aisyah is Bank Syariah Indonesia’s Interactive Assistant, who will help provide information
on the latest products, services, and promotions from Bank Syariah Indonesia.
BSI Net Business transactions are now easier through BSI Net services, anytime and anywhere.
Various transaction facilities, such as making bulk transfers and monitoring transactions, can
be done on BSI Net.
BSI JadiBerkah.id Jadiberkah.id is a crowdfunding platform for zakat, infaq, sadaqah, and waqf. You can find a
wide selection of ziswaf programs on the Jadiberkah.id platform.
BSI Merchant Business EDC Bank Syariah Indonesia is a service provided by Bank Syariah Indonesia to customers
who have businesses to provide convenience for ATM Debit card payment transactions to
their customers.
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BSI API Platform The BSI API Platform is a portal that provides open banking services to facilitate the
integration process between Bank Syariah Indonesia services and customer applications
BSI Smart Agent BSI Smart Agent is BSI’s Laku Pandai Service (Office-less Financial Services in the
Framework of Inclusive Finance) to provide banking services and/or other financial services
that are conducted not through an office network but through cooperation with other
parties supported by information technology facilities.
BSI Payment Point Payment Point transaction services at Bank Syariah Indonesia can be done by customers
at any Bank Syariah Indonesia outlet or at ATMs. Payments can be made through debit
accounts or cash.
Deposito Mobile Easy investment with deposits on BSI Mobile, anytime and anywhere, without the need to
visit a branch.
Griya Hasanah Online Top Up BSI Griya Hasanah Online Top-Up Financing is financing from Bank Syariah Indonesia in the
Melalui BSI Mobile form of additional financing from Bank Syariah Indonesia’s existing financing for customers’
consumptive purposes. Griya Hasanah Online Top Up Financing uses a sharia refinancing
contract with al-bai’ scheme in the framework of Musyarakah Mutanaqishah (MMQ).
Card
KARTU PEMBIAYAAN
BSI Hasanah Card Classic The BSI Hasanah Card Classic is a financing card with sharia principles issued by Bank
Syariah Indonesia and used as a payment instrument for transactions and functions like a
credit card.
BSI Hasanah Card Classic is made based on DSN Fatwa No. 54/DSN-MUI/X/2006
concerning sharia cards and is based on 3 (three) sharia agreements, among others:
• Kafalah
• Qardh
• Ijarah
The BSI Hasanah Card Classic limit ranges from Rp4 million to Rp6 million.
BSI Hasanah Card Gold The BSI Hasanah Card Gold is a financing card with sharia principles issued by Bank Syariah
Indonesia and used as a payment instrument for transactions and functions like a credit card.
BSI Hasanah Card Gold is made based on DSN Fatwa No. 54/DSN-MUI/X/2006 concerning
sharia cards and is based on 3 sharia agreements, among others:
• Kafalah
• Qardh
• Ijarah
The BSI Hasanah Card Gold limit ranges from Rp8 million to Rp30 million.
BSI Hasanah Card Platinum The BSI Hasanah Card Platinum is a financing card with sharia principles issued by Bank
Syariah Indonesia and used as a payment instrument for transactions and functions like a
credit card.
BSI Hasanah Card Platinum is made based on DSN Fatwa No. 54/DSN-MUI/X/2006
concerning sharia cards and is based on 3 (three) sharia contracts, among others:
• Kafalah
• Qardh
• Ijarah
The BSI Hasanah Card Platinum limit ranges from Rp40 million to Rp900 million.
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PRODUCTS
AND SERVICES
DEBIT CARDS
BSI Debit GPN The BSI Debit GPN is a debit/ATM card product issued by Bank Syariah Indonesia using the
National Payment Gateway (NPG) logo that can be used by customers in all EDC and ATM
machine networks throughout Indonesia.
BSI Debit OTP ATM debit card, where the PIN system uses a One-Time Password (OTP) registered through
mobile banking.
BSI Debit Visa BSI Debit Visa is a debit/ATM card product issued by Bank Syariah Indonesia using the Visa
Worldwide logo that can be used by customers in all EDC machine networks and ATMs
anywhere in the world (International).
BSI Debit Sabi Card BSI Debit SaBi is a debit/ATM card product issued by Bank Syariah Indonesia using the
National Payment Gateway (NPG) logo, which is a facility for child savings owners affiliated
with parents. The BSI Debit SaBi card supports financial literacy education for children with
special limitations to keep them safe in transactions.
BSI SimPel Debit Card BSI Debit SimPel is a debit/ATM card product issued by Bank Syariah Indonesia using the
National Payment Gateway (NPG) logo, which is a facility for Sim panan Pelajar Savings
account holders.
The BSI Debit SimPel card has a special limit so that students can transact safely and
easily. The card can be used by students in all EDC and ATM machine networks throughout
Indonesia (national).
BSI Visa Hajj Card The BSI Visa Hajj Card is a debit/ATM card product issued by Bank Syariah Indonesia that is
specifically designed for Indonesian Hajj Savings customers to facilitate transactions while
they are taking Hajj pilgrimage in the Holy Land.
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Business Network
and Operation Area
BSI’s business network and operating areas are supported by regional offices and functional operating offices, the
details of which are described below in 2023.
No. Office Type 2023 2022 2021
1 Regional Office 10 10 10
2 Branch Office (KC) 153 153 272
3 Overseas Branch Offices (KCLN) 1 0 0
4 Sub-Branch Office (KCP) 886 959 985
5 KCP Mobile (dhi: MKK) 60 60 0
6 Functional Office (KF) 91 96 34
7 Cash Office (KK) 0 0 74
8 Payment Point (PP) 0 0 179
9 Priority Service Counter 20 16 11
10 Pawn Service Counter 765 734 530
11 Automated Teller Machine (ATM) 2,571 2,548 2,618
Description:
- PP in 2022 Reformat into KFO (cfm. PJOK No.16 Year 2022)
- KK in 2022 Reformat to KCP (cfm. POJK No.16 Year 2022
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BUSINESS NETWORK
AND OPERATION AREA
Nanggroe Aceh Darussalam
East Kalimantan
North Sumatera
West Kalimantan
Riau Kepulauan Riau
Jambi
West Sumatera
Bengkulu
Central Kalimantan
South Kalimantan
South Sumatera
DKI Jakarta
Central Java
Lampung
Banten
West Java
Yogyakarta East Java
Bali
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1,039
Branch Offices and Sub-Branch Offices
in many provinces is in line with BSI’s
vision to provide access to Islamic
financial solutions in Indonesia.
North Sulawesi
West Sulawesi
North Maluku
Gorontalo West Papua
Central Sulawesi
Maluku
Southeast Sulawesi
Papua
South Sulawesi
West Nusa Tenggara
East Nusa Tenggara
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BUSINESS NETWORK
AND OPERATION AREA
BRANCH OFFICE
No. Branch Office Address Phone No. Fax.
1 KC Banda Aceh Diponegoro Jl. Diponegoro No. 6, Kel. Kp. (0655) 7551109, 7551558 (0651) 33945
Baru, Kec. Baiturrahman Kota
Banda Aceh
2 KC Banda Aceh Ahmad Jl. Ahmad Dahlan No. 111, Kel. 0651 - 32313, 32314, 0651 - 32317
Dahlan Merduati, Kec. Kuta Raja Kota 32301
Banda Aceh
3 KC Banda Aceh T. Panglima Jl. T. Panglima Nyak Makam No. (0651) 22900 (hunting), 31190
Nyak Makam 100 A - 100 D, Kel. Desa Doy, Kec. 7410714, 32929, 33869,
Kuta Alam Kota Banda Aceh
4 KC Sigli 2 Jalan Merdeka No.6, Kel. Blok (0653) 22450 21306
Bengkel, Kec. Kota Sigli Kab. Pidie
5 KC Sigli 1 Jl. Prof. A Majid Ibrahim No. 6, Kel. - -
Blang Asan, Kec. Kota Sigli Kab.
Pidie
6 KC Lhokseumawe 1 Jl. Muhammad Malikul Zahir (0645) 631146, 631147, (0645) 41555
No.135C, Kel. Kuta Blang, Kec. 631148
Banda Sakti Kota Lhokseumawe
7 KC Bireuen Simpang IV JL. Medan - Banda Aceh, Simpang (0644) 21126, 22044 22040
IV, Kel. Bireuen Meunasah Capa,
Kec. Kota Juang Kab. Bireuen
8 KC Kuala Simpang Jl. Tengku Panglima Polem No. 23 (0641) 333366 333367
- 24, Kel. Kuala Simpang, Kec. Kota
Kuala Simpang Kab. Aceh Tamiang
9 KC Langsa Darussalam Jl. Darussalam No.1, Kel. (0641) 21033 21170
Gampong Jawa, Kec. Langsa Kota
Kota Langsa
10 KC Lhokseumawe Merdeka 3 Jl. Merdeka No.1, Kel. Kota (0645) 41906 21306
Lhokseumawe, Kec. Banda Sakti
Kota Lhokseumawe
11 KC Takengon Jl. Yos Sudarso No.164, Takengon, (0643) 21294 21119
Kel. Kuteni Reje, Kec. Lut Tawar
Kab. Aceh Tengah
12 KC Meulaboh Imam Bonjol Jl. Imam Bonjol, Kel. Drien (0655) 7551961 7551010
Rampak, Kec. Johan Pahlawan
Kab. Aceh Barat
13 KC Simeulue Pertokoan Suak Tungkul Kavling 1 (0650) 21547 (0650) 21556
No. 5/6, Jl. Tgk. Diujung Sinabang,
Kel. Amiria Bahagia, Kec. Simeulue
Timur Kab. Simeulue
14 KC Blangpidie Jl. Persada No. 99A, Kel. Keudee (0659) 91008, 91127 91070
Siblah, Kec. Blangpidie Kab. Aceh
Barat Daya
15 KC Kutacane Jl. Iskandar Muda No.14, Kel. (0629) 21031 21170
Perapat Hilir, Kec. Babussalam
Kab. Aceh Tenggara
16 KC Tapaktuan Jl. Nyak Adam Kamil No. 42, Kel. (0656) 21456 21088
Hulu, Kec. Tapaktuan Kab. Aceh
Selatan
90 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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No. Branch Office Address Phone No. Fax.
17 KC Batam Windsor Central Komplek Windsor Central Blok (0778) 431331 (0778) 432727
A No. 3-4, Jl. Pembangunan, Kel.
Lubuk Baja Kota, Kec. Lubuk Baja
Kota Batam
18 KC Tanjung Pinang Jl. Basuki Rahmat No. 1-3, Kel. (0771) 313788 (0771) 313995
Tanjung Ayun Sakti, Kec. Bukit
Bestari Kota Tanjungpinang
19 KC Medan A Yani Jl. Jenderal Achmad Yani No. 100, (061) 4153866, 4151466 (061) 4511867
Kel. Kesawan, Kec. Medan Barat
Kota Medan
20 KC Lubuk Pakam Jl. Dr. Sutomo No.12A-12B, Kel. (061) 7952555 (061) 7950419
Lubuk Pakam I - II, Kec. Lubuk
Pakam Kab. Deli Serdang
21 KC Medan S Parman Jl. S. Parman No. 250 E/8, Kel. (061) 455 6870/451 5683 451 5671
Petisah Hulu , Kec. Medan Baru
Kota Medan
22 KC Medan Gajah Mada Jl. Gajah Mada No. 7, Kel. Petisah (061) 4550755 (061) 4550766,
Hulu, Kec. Medan Baru Kota 4537627
Medan
23 KC Binjai Jl. Sukarno Hatta No. 22-23, Kel. (061) 8826396 (061) 8826138
Tanah Tinggi, Kec. Binjai Timur
Kota Binjai
24 KC Pekanbaru Sudirman 1 Jl. Jend. Sudirman No. 450, Kel. (0761) 849191, 849192, (0761) 849190,
Tanah Datar, Kec. Pekanbaru Kota 849193, 849194 31668
Kota Pekanbaru
25 KC Dumai Jl. Jenderal Sudirman No. 162, Kel. (0765) 33555 (0765) 32379
Teluk Binjai, Kec. Dumai Timur
Kota Dumai
26 KC Pekanbaru Harapan Raya Jl. Haji Imam Munandar No. 8, Kel. (0761) 862222 (0761) 849799
Tangkerang Selatan, Kec. Bukit
Raya Kota Pekanbaru
27 KC Duri Jl. Hangtuah, Kel. Batang Dui, Kec. (0765) 598990 (0765) 598993
Mandau Kab. Bengkalis
28 KC Pematangsiantar Perintis Jl. Perintis Kemerdekaan No. 1, (0622) 435858, 435857, (0622) 435848
Kel. Proklamasi, Kec. Siantar Barat 435861
Kota Pematangsiantar
29 KC Rantau Prapat Jl. Jenderal Ahmad Yani No. 4, Kel. (0624) 24880, 24205, (0624) 24653
Bakaran Batu, Kec. Rantau Selatan 25186
Kab. Labuhanbatu
30 KC Padangsidempuan Jl. Sudirman No. 130 A, Kel. Wek I, (0634) 28200 (0634) 28103
Kec. Padangsidimpuan Utara Kota
Padangsidimpuan
31 KC Sibolga Jl. Sutoyo Siswomiharjo No. (0631) 24555 (0631) 26722
22, Kel. Huta Tonga Tonga, Kec.
Sibolga Utara Kota Sibolga
32 KC Bandar Lampung Jl. Diponegoro No. 189, Kel. (0721) 258952, 258960 (0721) 263588
Diponegoro Gotong Royong, Kec. Tanjung
Karang Pusat Kota Bandar
Lampung
33 KC Bandar Jaya Komp. Pertokoan Central (0725) 529825, 529826 (0725) 529831
Niaga Bandar Jaya No. 1-3, Jl.
Proklamator Raya, Kel. Yukum
Jaya, Kec. Terbanggi Besar Kab.
Lampung Tengah
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 91
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BUSINESS NETWORK
AND OPERATION AREA
No. Branch Office Address Phone No. Fax.
34 KC Metro A Yani Jalan Ahmad Yani No. 9, Kel. (0725) 7851606 (0725) 7851605
Imopuro, Kec. Metro Pusat Kota
Metro
35 KC Bengkulu S Parman 1 Jl. S. Parman No. 15, Kel. Padang (0736) 342007 (0736) 346707
Jati, Kec. Ratu Samban Kota
Bengkulu
36 KC Bengkulu Adam Malik JI. Adam Malik RT/RW 023/08, (0736) 276 88 / 209 38 264 48
Kel. Cempaka Permai, Kec. Gading
Cempaka Kota Bengkulu
37 KC Lubuk Linggau Jl. Yos Sudarso No. 12 RT 05, Kel. 0733-7329623 / 14 / -
Taba Jemekeh, Kec. Lubuk Linggau 16 / 082881131705
Timur II Kota Lubuk Linggau /82881131704
38 KC Jambi Gatot Subroto Jl. Jend. Gatot Subroto No. 127 (0741) 27730, 27726 (0741) 27733
A-B, Kel. Sungai Asam, Kec. Pasar
Jambi Kota Jambi
39 KC Jambi Pattimura Jl. Kapt. Pattimura No. 29-30 RT 0741 - 7552571, 7552572, 0741 - 7552574
21, Kel. Kenali Besar, Kec. Kota 7552573
Baru Kota Jambi
40 KC Padang Imam Bonjol Jl. Imam Bonjol No.17, Kel. (0751) 21113, 20765 (0751) 24768
Belakang Pondok, Kec. Padang
Selatan Kota Padang
41 KC Bukittinggi Sudirman 1 Jl. Jenderal Sudirman No. 73, (0752) 627633 (0752) 627637
Kel. Kayu Ramang, Kec. Guguk
Panjang Kota Bukittinggi
42 KC Padang Belakang Olo Jl. Belakang Olo No. 45, Kel. Kamp 0751 - 841818, 841819 (0751) 841808
Jao, Kec. Padang Barat Kota
Padang
43 KC Palembang Demang Jl. Demang Lebar Daun No. 2311, (0711) 421919 (0711) 419952
Kel. Demang Lebar Daun, Kec. Ilir
Barat I Kota Palembang
44 KC Pangkal Pinang Jl. Masjid Jamik No. 123, Kel. (0717) 432229 (0717) 431445
Masjid Jamik, Kec. Rangkui Kota
Pangkalpinang
45 KC Prabumulih Sudirman JL. Jend. Sudirman No. 7-8 (0713) 322888 (0713) 322565
RT 01/10, Kel. Muara Dua,
Kec. Prabumulih Timur Kota
Prabumulih
46 KC Palembang Sudirman Jl. Jendral Sudirman KM 3,5, (0711) 315999, 310751 (0711) 310752
Kel. 20 Ilir, Kec. Ilir Timur I Kota
Palembang
47 KC Baturaja Rahman Hamidi Jl. Let. R Hamidi No. 30 A-B RT (0735) 324888/0735 (0735) 324888
03 RW 01 , Kel. Kemalaraja , 323333/0735
Kec. Baturaja Timur Kab. Ogan 325522/0735 325554
Komering Ulu
48 KC Bekasi Summarecon Komplek Ruko Summarecon (021) 8853990, 8856368, (021) 8856406
Bekasi, Rukan Sapphire 8840355, 8853991,
Commercial Blok SF 11 12, Jl. 88855418
Bulevar Selatan, Kel. Marga
Mulya, Kec. Bekasi Utara Kota
Bekasi
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No. Branch Office Address Phone No. Fax.
49 KC Bekasi Cikarang Ruko Cikarang Central City, (021) 89902076, 89902077 (021) 89906765
Blok G No. 1-2, Kel. Ciantra, Kec.
Cikarang Selatn Kab. Bekasi
50 KC Jakarta Kebon Jeruk 1 Jl. Panjang Arteri Kelapa Dua No. (021) 53662464, 53662465, (021) 53662472
54 D (Jl. Raya Kelapa Dua No. 53662467
1) RT. 004 RW. 003, Kel. Kelapa
Dua, Kec. Kebon Jeruk Wil. Kota
Jakarta Barat
51 KC Tangerang Ciledug Jl. HOS Cokroaminoto No. 69, Kel. (021) 73458147, 73458148, (021) 73458150
Sudimara Jaya, Kec. Ciledug Kota 73458149
Tangerang
52 KC Jakarta Kelapa Gading 1 Komplek Graha Bulevar Blok KGC (021) 29375262, 29375261 (021) 29375197,
No. A-02 dan A-03, Jl. Boulevard 29375198
Kelapa Gading, Kel. Kelapa Gading
Timur, Kec. Kelapa Gading Wil.
Kota Jakarta Utara
53 KC Jakarta Tanjung Priok 1 Jl. Enggano No. 42B - 42, Kel. (021) 43906060, 43906055 (021) 43906058,
Tanjung Priok, Kec. Tanjung Priok 43906059
Wil. Kota Jakarta Utara
54 KC Jakarta Pemuda Komplek Graha Mas Pemuda, 021 - 47882680 / 81 / 82 021 - 47882684 / 85
Blok AB1 dan AB2 Jl. Pemuda, / 83
Rawamangun, Kel. Jati, Kec. Pulo
Gadung Wil. Kota Jakarta Timur
55 KC Jakarta Pondok Kelapa Ruko Komplek Billy & Moon Blok (021) 86903501 (021) 86903502
E No. 5A-5B, Jl. Raya Kalimalang,
Kel. Pondok Kelapa, Kec. Duren
Sawit Wil. Kota Jakarta Timur
56 KC Jakarta Jatinegara Perkantoran Mitra Matraman (021) 85904866 (021) 85905634
Blok A1 No. 8-9, Jl. Matraman
Raya No. 148, Kel. Kebon
Manggis, Kec. Matraman Wil. Kota
Jakarta Timur
57 KC Jakarta Thamrin Jl. M. H. Thamrin No. 5, Kel. Kebon (021) 2300509, 39839000 (021) 39832939
Sirih, Kec. Menteng Wil. Kota
Jakarta Pusat
58 KC Jakarta Bendungan Hilir Jl. Bendungan Hilir Raya No. 84 021 - 57851054 - 56 021 - 57851038
A - B, Kel. Bendungan Hilir, Kec.
Tanah Abang Wil. Kota Jakarta
Pusat
59 KC Jakarta The Tower Gedung The Tower, Jalan Gatot - -
Subroto No.27 Kav.12, Kel. Karet
Semanggi, Kec. Setiabudi Wil.
Kota Jakarta Selatan
60 KC Tangerang Hasyim Ashari Jl. KH. Hasyim Ashari 8 A-C, Kel. (021) 55781230, 55781231, (021) 55781233
Buaran Indah, Kec. Cipondoh Kota 55781232
Tangerang
61 KC Cilegon Tirtayasa 1 Jl. Sultan Ageng Tirtayasa No. (0254) 399444, 375648 (0254) 375645
115 A, Kel. Jombang Wetan, Kec.
Jombang Kota Cilegon
62 KC Serang Jl. Ahmad Yani No. 175 C-D, Kel. (0254) 222984, 210191 (0254) 222985
Sumur Pecung, Kec. Serang Kota
Serang
63 KC Bogor Pajajaran Sukasari Jl. Pajajaran No. 8, Kel. Baranang (0251) 8350562, 8350563, (0251) 8350565
Siang, Kec. Bogor Timur Kota 8350564
Bogor
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 93
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BUSINESS NETWORK
AND OPERATION AREA
No. Branch Office Address Phone No. Fax.
64 KC Bogor Cibinong Ruko Graha Cibinong Blok D (021) 87915703, 87915704 (021) 87919008
No. 2, Jl. Raya Bogor KM 43, Kel.
Cirimekar, Kec. Cibinong Kab.
Bogor
65 KC Bogor Pajajaran Jl. Pajajaran Raya No. 63, Kel. Kel. 0251 - 8337306, (0251) 8384968
Bantarjati Bantarjati, Kec. Bogor Utara Kota 8337620,8337828
Bogor
66 KC Depok Margonda 2 Jl. Margonda Raya No. 209, Kel. 021 - 77210117 (hunting) 021 - 77210027
Kemirimuka, Kec. Beji Kota Depok
67 KC Depok Margonda 1 Ruko Depok Mas Blok A1-2, (021) 7765231, 7765251, (021) 77202905,
Jl. Margonda Raya No. 42, Kel. 7765289, 77213804 77203598
Pancoran Mas, Kec. Pancoran Mas
Kota Depok
68 KC Jakarta Cibubur Citra Ruko Citra Gran Blok R-2 No. 8-9, (021) 84300107, 84300108, (021) 84590918
Gran Kel. Jatikarya, Kec. Jatisampurna 8449778
Kota Bekasi
69 KC Jakarta Fatmawati 2 Jl. RS Fatmawati No. 12, Kel. 021-7696807/7696808/ 021-75902899/
Gandaria Utara, Kec. Kebayoran 75902925/ 75902930/ 75902983
Baru Wil. Kota Jakarta Selatan 75902934
70 KC Jakarta Hasanudin Jl. S. Hasanudin No. 57, Kel. (021) 2701515, 2701505 (021) 7220362
Melawai, Kec. Kebayoran Baru
Wil. Kota Jakarta Selatan
71 KC Jakarta Mayestik Jl. Kyai Maja Blok D/1 Persil (021) 7202451, 7202728, (021) 7220822
No. 6-6A, Kel. Kramat Pela, Kec. 7202509, 7394952
Kebayoran Baru Wil. Kota Jakarta
Selatan
72 KC Jakarta Pondok Indah Komplek Ruko Pondok lndah (021) 7662029, 7662030 (021) 7662028,
Plaza 1 Kav. II, Blok UA No. 6, Kel. 7665391
Pondok Pinang, Kec. Kebayoran
Lama Wil. Kota Jakarta Selatan
73 KC Tangerang Ciputat Jl. Ir. H. Juanda No. 111, RT (021) 7425267 (021) 7423018
006/001, Kel. Pisangan, Kec.
Ciputat Timur Kota Tangerang
Selatan
74 KC Jakarta Saharjo Jalan Saharjo No.204A RT. 04/05, (021) 8308768, 8292824, (021) 8308769,
Kel. Menteng Dalam, Kec. Tebet 8357309 8357310
Wil. Kota Jakarta Selatan
75 KC Jakarta Kalibata Jl. Raya Pasar Minggu No. 75, Kel. (021) 7940323, 7940341, (021) 7940420
Kalibata, Kec. Pancoran Wil. Kota 7940353
Jakarta Selatan
76 KC Tangerang Bintaro Bintaro Trade Center, Jl. Jend. (021) 7450120, 7453301, (021) 7450116
Sudirman Blok A1 No. 7 - 8, 7450296, 7450297
Bintaro Sektor 7, Kel. Pondok
Aren, Kec. Pondok Aren Kota
Tangerang Selatan
77 KC Tangerang BSD ITC Jl. Pahlawan Seribu ITC BSD No. 021 - 53153155, 53153144- 021 - 53161611
21-23A, Kel. Lengkong Wetan, 46
Kec. Serpong Kota Tangerang
Selatan
78 KC Bandung Juanda Jl. Ir. H. Juanda No. 24, Kel. (022) 84469443 (022) 4200011
Citarum, Kec. Bandung Wetan
Kota Bandung
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No. Branch Office Address Phone No. Fax.
79 KC Garut Jl. Ciledug No. 148-149, Kel. Kota (0262) 243689, 243692 (0262) 233137
Kulon , Kec. Garut Kota Kab.
Garut
80 KC Bandung Asia Afrika Jalan Asia Afrika No. 174 RT 022 - 7314546, 7323142, 022 - 7323141
009 RW 004, Kel. Paledang, Kec. 7323143
Lengkong Kota Bandung
81 KC Bandung Suniaraja Jl. Suniaraja No.82, Kel. Braga, (022) 423 2584, 423 1185, -
Kec. Sumur Bandung Kota 423 6614, 423 2585, 423
Bandung 2586, 423 2587 423 86 /
423 89
82 KC Sukabumi A Yani Jl. A.Yani no. 29, Kel. Gunung 0266 - 6247300 0266 - 6247400
Parang, Kec. Cikole Kota
Sukabumi
83 KC Karawang Jl. Panatayuda I No 68, Kel. 0267 - 8490449 (hunting), (0267) 401505
Karawang Kulon, Kec. Karawang 0828-17096715 / 16 / 17 /
Barat Kab. Karawang 18 / 29 / 30 / 31 / 32
84 KC Bandung Ahmad Yani Jl. Jendral Ahmad Yani No. 252, (022) 7202688, 7231090, (022) 7271334
Kel. Kacapiring, Kec. Batunuggal 82819030694
Kota Bandung
85 KC Purwakarta RE Jl. R.E Martadinata No. 5, RT 25 (0264) 231760 (0264) 231761
Martadinata RW 05, Kel. Nagri Tengah, Kec.
Purwakarta Kab. Purwakarta
86 KC Cimahi Jl. Jend. Amir Machmud No. 118, (022) 6632228 (022) 6632212
Kel. Cibabat, Kec. Cimahi Utara
Kota Cimahi
87 KC Cianjur Siliwangi Jl. Siliwangi No. 6, Kel. (0263) 284648 (0263) 284677
Pamoyanan, Kec. Cianjur Kab.
Cianjur
88 KC Cirebon Dr Cipto Jl. Dr. Cipto Mangunkusumo No. (0231) 202760, 202092, (0231) 202067
79, Kel. Pekiringan, Kec. Kesambi 202093, 200423
Kota Cirebon
89 KC Tasikmalaya Sutisna Jl. Sutisna Senjaya No. 74-78, Kel. (0265) 312995, 312999 (0265) 311199
Senjaya Empangsari, Kec. Tawang Kota
Tasikmalaya
90 KC Purwokerto Sudirman 1 Jl. Jend. Sudirman No. 433, Kel. (0281) 641108, 641685 (0281) 625955
Kranji, Kec. Purwokerto Timur
Kab. Banyumas
91 KC Cilacap A Yani Jl. A. Yani No. 97, Kel. Tambakreja, (0282) 531015, 531038 (0282) 535870
Kec. Cilacap Selatan Kab. Cilacap
92 KC Semarang A Yani Jl. Jend. Ahmad Yani No.152, 024 - 8313247, 8315027 024 - 8313217
Kel. Karang Kidul, Kec. Semarang
Tengah Kota Semarang
93 KC Semarang Pandanaran Jl. Pandanaran No. 90, Kel. (024) 3568891, 3568894 (024) 3568890
Pekunden, Kec. Semarang Tengah
Kota Semarang
94 KC Kudus A Yani 1 Ruko Ahmad Yani No. 9, Jl. Ahmad (0291) 439272 (0291) 439274
Yani, Kel. Gondang Manis, Kec.
Kota Kudus Kab. Kudus
95 KC Pati Sudirman Jl. P. Sudirman No. 207, Plaza Pati (0295) 386699 (0295) 387799
Blok A1-A2, Kel. Pati Lor , Kec.
Pati Kab. Pati
96 KC Salatiga Jl. Diponegoro Ruko Salatiga (0298) 328558, 328885 (0298) 314407
Square No. 77-A6 dan 77-A7, Kel.
Sidorejo Lor, Kec. Sidorejo Kota
Salatiga
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 95
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BUSINESS NETWORK
AND OPERATION AREA
No. Branch Office Address Phone No. Fax.
97 KC Tegal KH Mansyur Jl. KH. Mansyur No.4, Kel. (0283) 325300, 325301 (0283) 351460
Mangkukusuman, Kec. Tegal
Timur Kota Tegal
98 KC Kendal Soetta Jl. Raya Soekarno Hatta No. 325, (0294) 388173, 388175 (0294) 388172
Kel. Bugangin, Kec. Kendal Kab.
Kendal
99 KC Pekalongan Pemuda Masjid Syuhada, Jl.Pemuda 0285 - 434918, 434919 0285 - 434920
No.52-54, Kel. Panjangwetan,
Kec. Pekalongan Barat Kota
Pekalongan
100 KC Solo Slamet Riyadi 1 Jl. Slamet Riyadi No. 388, Kel. (0271) 710820 (0271) 742085,
Sriwedari, Kec. Laweyan Kota 742086
Surakarta
101 KC Solo Slamet Riyadi 2 Jl. Slamet Riyadi No. 318, Kel. 0271 - 742555, 725222 0271 - 736718
Sriwedari, Kec. Laweyan Kota
Surakarta
102 KC Yogyakarta Sudirman Jl. Jend. Sudirman No. 42, Kel. (0274) 555022 (0274) 555021
Kotabaru, Kec. Gondokusuman
Kota Yogyakarta
103 KC Mataram Hasanudin Jl. Hasanudin No. 40, Kel. Mayura, (0370) 644888, 622300, (0370) 634999
Kec. Cakranegara Kota Mataram 622700
104 KC Kupang Jl. Mohammad Hatta No.56, (0380) 834100, 823466, (0380) 826150
Kel. Fontein, Kec. Oebobo Kota 828617
Kupang
105 KC Bima Soetta 2 Jl. Soekarno Hatta No. 329 RT.01 (0374) 444 03/ 444 04 444 86
RW.01, Kel. Paruga, Kec. Rasanae
Barat Kota Bima
106 KC Denpasar Jl. Raya Puputan No.114, Kel. (0361) 432595 (0361) 434045
Sumerta Kelod, Kec. Denpasar
Timur Kota Denpasar
107 KC Jember Sudirman Jl. P. B. Sudirman No. 41-43, Kel. (0331) 411522 (0331) 411525
Jember Lor, Kec. Patrang Kab.
Jember
108 KC Banyuwangi Basuki Jl. Basuki Rakhmat No. 30, Kel. (0333) 418624, 418625, (0333) 418628
Rahmat Singotrunan, Kec. Banyuwangi 418626, 418627
Kab. Banyuwangi
109 KC Kediri Hassanudin Ruko Hassanuddin Bussines (0354) 672 114-5 672 685
Center Jl. Hasanuddin No. 21 , Kel.
Dandangan, Kec. Kota Kota Kediri
110 KC Madiun Agus Salim JL. Agus Salim No. 120, Kel. (0351) 454000 (0351) 458300
Pandean, Kec. Taman Kota Madiun
111 KC Blitar Jl. Cokroaminoto No. 10 RT.01 (0342) 816999 (0342) 816777
RW. 02, Kel. Kepanjen Lor, Kec.
Kepanjen Kidul Kota Blitar
112 KC Malang Suprapto Jl. Jaksa Agung Suprapto No. 48, 0341 - 359129, 359130 0341 - 359128
Kel. Rampalcelaket, Kec. Klojen
Kota Malang
113 KC Pasuruan Sudirman Jl. Jend. Sudirman No.77, Kel. (0343) 418 955 418 956
Purworejo, Kec. Purworejo Kota
Pasuruan
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114 KC Surabaya Darmo Jl. Raya Darmo No. 15, Kel. (031) 5674848, 5679842, (031) 5679841
Tegalsari, Kec. Keputran Kota
Surabaya
115 KC Sidoarjo Jenggolo Komplek Ruko Sentral Jenggolo (031) 8946449, (031) 8957429
A3, Jl. Jenggolo No. 9, Kel. Celep, 8947231,8921033,
Kec. Sidoarjo Kab. Sidoarjo 8922129
116 KC Surabaya Basuki Rahmat Jl. Basuki Rachmat No. 17-19, Kel. 031-99254882, 031- 031 - 7385678
Embong Kaliasin, Kec. Genteng 99254883, 031-99254885,
Kota Surabaya 031-99254887
117 KC Surabaya Dharmawangsa Jl. Dharmawangsa No. 115 A, 031 - 5045082, 5045085, 031 - 5037222
Kel. Kertajaya, Kec. Gubeng Kota 5030222
Surabaya
118 KC Pamekasan Jl. KH. Agus Salim No. 3A, Kel. (0324) 331223, 331224, (0324) 331218
Barurambat Kota, Kec. Pamekasan 331225
Kab. Pamekasan
119 KC Gresik Kartini JL. RA. Kartini No. 180, Kel. (031) 3972053 (031) 3972065,
Sidomoro, Kec. Kebomas Kab. 3979791
Gresik
120 KC Bojonegoro Jl. Panglima Sudirman No. 99A, (0353) 892124, 892125 (0353) 892123
Kel. Klangon, Kec. Bojonegoro
Kab. Bojonegoro
121 KC Surabaya Jemur Jl. Jemur Handayani No. 3, Kel. (031) 8411230, 8411250 (031) 8411260
Handayani Jemur Wonosari, Kec. Wonocolo
Kota Surabaya
122 KC Jombang Ruko Cempaka Mas Blok A/9, Jl. (0321) 855527, 855528 (0321) 855526
Soekarno-Hatta No. 1, Kel. Desa
Kepuh Kembeng, Kec. Peterongan
Kab. Jombang
123 KC Balikpapan Sudirman 1 Jl. Jend. Sudirman No. 330, Kel. (0542) 413382, 414630 (0542) 412109
Klandasan Ilir, Kec. Balikpapan
Kota Kota Balikpapan
124 KC Samarinda Antasari Jl. Antasari No. 33 RT 02, Kel. Air (0541) 7271271, 7271272, (0541) 7271276,
Putih, Kec. Samarinda Ulu Kota 7271273, 7271274 7271277, 7271278
Samarinda
125 KC Kutai Kartanegara Jl. KH. Akhmad Muksin RT. 01, (0541) 665362, 665365 (0541) 665017
Kel. Melayu, Kec. Tenggarong Kab.
Kutai Kartanegara
126 KC Bontang Jl. MT. Haryono No. 53, Kel. Gn. (0548) 20007 (0548) 25005
Elai, Kec. Bontang Utara Kota
Bontang
127 KC Tarakan Jl. Yos Sudarso No. 64, Kel. Karang (0551) 35050 (0551) 35051
Balik, Kec. Tarakan Barat Kota
Tarakan
128 KC Banjarmasin Lambung Jl. Lambung Mangkurat No. (0511) 3366408, 3366409 (0511) 3366426
Mangkurat 16, Kel. Kertak Baru Ulu, Kec.
Banjarmasin Tengah Kota
Banjarmasin
129 KC Martapura Jl. A. Yani No. 20 Km. 37,4, Kel. (0511) 4722713, 4722755 (0511) 4722714
Sungai Paring, Kec. Martapura
Kab. Banjar
130 KC Pangkalan Bun Jl. Sukma Arianingrat No. 14, (0532) 25624, 25625 (0532) 25636
Kel. Baru, Kec. Arut Selatan Kab.
Kotawaringin Barat
131 KC Tanjung Jl. Ir. Pangeran Haji Muhammad (0526) 2024484 (0526) 2024494
Noor No. 12, Kel. Pembataan, Kec.
Murung Pudak Kab. Tabalong
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BUSINESS NETWORK
AND OPERATION AREA
No. Branch Office Address Phone No. Fax.
132 KC Sampit Jl. M. T. Haryono No. 6, Kel. (0531) 24222 (0531) 24400
Mentawa Baru Hulu , Kec.
Mentawa Baru Ketapang Kab.
Kotawaringin Timur
133 KC Palangkaraya Diponegoro Jl. Diponegoro No.10, Kel. 0536 - 3224862, 3224863, 0536 - 3224870
Langkai, Kec. Pahandut Kota 3224864
Palangka Raya
134 KC Banjarbaru Jl. A.Yani Km 35,5 , Kel. Kelurahan 0511 - 4774939, 0511 0511 - 4774939
Komet, Kec. Banjarbaru Utara -6749031
Kota Banjarbaru
135 KC Pontianak Abdurrachman Jl. Sultan Abdurrachman No. 23, (0561) 745004 (0561) 744774
Kel. Pontianak, Kec. Pontianak
Kota Kota Pontianak
136 KC Ketapang Jl. R. Soeprapto No. 88, Kel. (0534) 34600 (0534) 34395
Sampit, Kec. Delta Pawan Kab.
Ketapang
137 KC Sambas Jl. Gusti Hamzah No. 41, Kel. Desa (0562) 391900 (0562) 392200
Durian, Kec. Sambas Kab. Sambas
138 KC Singkawang Jl. Alianyang No. 16 C-D, Kel. (0562) 639866 (0562) 639865
Melayu, Kec. Singkawang Barat
Kota Singkawang
139 KC Makassar 1 Jl. Dr. Ratulangi No.79, Kel. (0411) 833070 (0411) 833069
Labuang Baji, Kec. Mamajang Kota
Makassar
140 KC Mamuju Jl. Urip Sumoharjo No. 44, Kel. (0426) 22651, 2703380 (0426) 21922
Karema, Kec. Mamuju Kab.
Mamuju
141 KC Bone Jl. Jend. Ahmad Yani No. 48, Kel. (0481) 28774 (0481) 28775
Macanang, Kec. Tanete Riattang
Barat Kab. Bone
142 KC Makassar 2 Jl. Dr. Sam Ratulangi No. 140, Kel. 0411 - 8914670, 8914610, 0411 - 8914275
Mario, Kec. Mariso Kota Makassar 8914130
143 KC Palopo Jl. Andi Jemma No.150, Kel. (0471) 327432, (0471) -
Tompotikka, Kec. Wara Kota 327225, (0471) 327360
Palopo
144 KC Parepare JL. Lahalede No.15, Kel. Ujung (0421) 22456, 26534, -
Baru, Kec. Soreang Kota Parepare 24624
145 KC Jayapura Komplek Perniagaan Kelapa Dua (0967) 550965, 550966 (0967) 550968
- Entrop Jl. Raya Kelapa Dua No.
1-2, Kel. Entrop, Kec. Jayapura
Selatan Kota Jayapura
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No. Branch Office Address Phone No. Fax.
146 KC Ternate Jatiland Ruko Jatiland Business Center (0921) 3127220 (0921) 3127336
No. 19-20, Kel. Gamalama, Kec.
Ternate Tengah Kota Ternate
147 KC Sorong Jl. Ahmad Yani No. 21, Kel. (0951) 323366 (0951) 323360
Malawei, Kec. Sorong Kota Kota
Sorong
148 KC Ambon Jl. Pala No. 2, Kel. Uritetu, Kec. (0911) 344572, 344337 (0911) 344582
Sirimau Kota Ambon
149 KC Manado Mantos Jl. Tendean (Boulevard) Ruko (0431) 876 166 888 1502
Mantos No.11-12, Kel. Sario
Utara, Kec. Sario Kota Manado
150 KC Palu Gajah Mada Jl. Gajah Mada No. 77, Kel. Ujuna, (0451) 426222 (0451) 452108
Kec. Palu Barat Kota Palu
151 KC Gorontalo Jl. Ahmad Yani No. 127, Kel. (0435) 828666 (0435) 830056
Heledulaa Selatan, Kec. Kota
Timur Kota Gorontalo
152 KC Luwuk Jl. Urip Sumoharjo No. 18C dan (0461) 21214, 22779, (0461) 325456
18D, Kel. Karaton, Kec. Luwuk 8118671544
Kab. Banggai
153 KC Kendari A Silondae 1 Jl. Abdullah Silondae No. 137, Kel. (0401) 3128822, 3128245, (0401) 3127478
Korumba , Kec. Mandonga Kota 3128897
Kendari
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Performance Management Report Company Profile Management Discussion and Analysis
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Structure
Organization General Meeting of
Shareholders
Sharia Supervisory Board
President Director
Sharia Supervisory Board
(Hery Gunardi)
Sharia Committee
Vice President Director
(Bob Tyasika Ananta)
Information Treasury & Wholesale Risk
Technology International Transaction Management
(Saladin
Banking Banking (Grandhis Helmi
Dharmanugraha
(Moh. Adib) (Zaidan Novari) Harumansyah)
Effendi)
Wholesale
Financing Risk Human Capital
Operations Structure &
(Babas Bastaman) (Rosma Handayani)
Solution
Financing IT Strategic Treasury & Global Corporate Corporate IT & Product Human Capital
Corporate Risk
Operations Planning Market Finance & Solution Business 1 Delivery Risk Strategy & Policy
(Diar Fitrada)
(Yan Rasdiansyah) (Bayu Isnandar) (Kemal Aditya) (Indra G Kampono) (Fiti Syam) (Bayu Hasdianto) (Sylvia Azis)
Operational,
Operations International & Transaction Corporate Human Capital
IT Operations Commercial Risk Portfolio & Market
Development Financial Institution Banking Business 2 Services
(Gatot Prasetyo) (IR supriono) Risk
(Alhuda DJ) (IR Anna Kristanty) (Fajar Ari S.) (Buyung Ichman L) (Teszy Mira E.)
(M. Fanny Fansyuri)
Office of Chief Corporate BSI Corporate
Customer Care CISO Office SME & Micro Risk Policy & Procedure
Economist Business 3 University
(Dwi Hesti M.) (Kamal Azhar) (Desfan Akbar) (Indriati Tri H.)
(Banjaran Surya I) (Husni Thamrin) (Bambang Sutrisno)
Digital Banking IT & Digital Retail Collection, Sr. Human
Commercial
& E-Channel Development Restructuring & Consumer Risk Capital Business
Business 1
Operations (Sandy Prasetya Recovery (Asnah Faekhah) Partner
(Silmi Akbar G.P.)
(Wijayanto) Hadi) (Dede Sutisna)
1. Andrianto Daru K.
2. Peby Elan Surya
Business Wholesale Diningrat
IT Application Commercial Collection,
Continuity Anti Fraud
Support Business 2 Restructuring &
Management Recovery
(Arief Sunandar) (Ivan Hartawan)
(VACANT)
Budi Aristianto VACANT
Data & Decision
Management EBO EBO
(Andy Puguh
Nugroho)
1. Yoana Irawati 1. Ali - Ero Corporate Risk
2. Ferry Hendrawan 2. Maisur Hilmi - Ero Commercial Risk
3. Cera Wirastut 3. Taty Sediaty – Ero Consumer Risk
SORH Overseas 4. I Gusti Ngurah B. A. – Ero Retail
Branch Collection, Restructire & Recovery
5. Arief Budiman - Ero Micro Risk
Dian Faqihdien Suzabar SORH 6. Budiyono - Ero Sme Risk
Arjuka Arby
Zulaicha
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Board of Commissioners
Audit Committee
Remuneration & Nomination
Committee
Risk Oversight Committee
Board of
Commissioners
Compliance & Finance &
Retail Sales &
Human Capital Strategy
Banking Distribution
(Tribuana (Ade Cahyo
(Ngatari) (Anton Sukarna)
Tunggadewi) Nugroho)
Consumer Digital Banking
Internal Audit
(Saut Parulian
Product Solution (Satria)
Saragih)
Strategic Planning Marketing
Institutional Consumer Distribution Digital Strategy & Audit Policy &
Compliance & Performance Communication
Banking Business 1 (Secured) Strategy Product Counterpart
(Rosalina Dewi T) Management (Kemas Erwan
(Ida Triana W.) (Praka Mulia Agung) (Ana Nurul Khayati) (Riko Wardhana) (VACANT)
(Diaz Hartadi) Husainy)
Corporate Alternative Channel Consumer Wholesale &
Islamic Ecosystem Digital
AML/APU PPT Finance & & Government Business 2 Corporate Center
Solution Activation
(Khoirul Huda S.R.) Accounting Project (Unsecured) Audit
(M. Syukron Habiby) (Dickman Maulana)
(Priyo Hartono) (Astridiana Sjamanti) (Dien Lukita P.) (Movianto)
Retail, Distribution
Wealth
Legal Investor Relation SME Business Card Business & Digital Banking
Management
(Irfan Lesmana) (Rizky Budinanda) (Risqi Widayat) (Arief Satiana) Audit
(Asri Natanegeri)
(Agus Subekti)
Corporate
Corporate Secretary Gold & Pawning
Transformation Micro Business IT Audit
& Communication Business Regional Office
Office (Joni Haryanto) (Arif Jatmoko)
(Gunawan Arief H) (Mahendra N.S.)
(M. Misbahul M.)
1. Wisnu Sunandar – RCEO RO 1 Aceh
Retail Deposit 2. Affan Mawardi – RCEO RO II Medan
Corporate Action EBO 3. Wachjono – RCEO III Palembang
Solution
(Jiwo Sukarno) 4. Deden Durachman – RCEO RO IV Jakarta 1
(Vita Andrianty) 5. Adjat Djatnika Basarah – RCEO RO V Jakarta 2
6. Fitria Ekayani – RCEO RO VI Bandung
1. Ali Muafa 7. Ficko Hardowiseto – RCEO RO VII Semarang
2. Okky Fachrizal Achmad 8. Firman Jatnika – RCEO RO VIII Surabaya
3. Ari Yusnairya Muslim 9. Ricky Rickardo R Mulyadi – RCEO RO IX Kalimantan
Procurement & 10. Jajang Abdul Karim – RCEO RO X Makassar
Fixed Asset
(Yuwono)
Catatan:
Board of Overseas
SEVP N2 Business N2 Support N2 Enabler
Directors Branch
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Association
Membership List
No. Association Position
1 Association of National Banks (Perbanas) Member
2 Indonesian Sharia Bank Association (Asbisindo) Member
3 Islamic Financial Services Board (IFSB) Member
4 Alternative Dispute Resolution Institution in the Financial Services Sector (LAPS SJK) Member
5 Banking Compliance Director Communication Forum (FKDKP) Vice Treasurer
6 Indonesian Payment System Association (ASPI) Member
7 Association of Indonesian Mutual Fund Selling Agent Banks (ABAPERDI) Member
8 Association of Indonesian Issuers (AEI) Member
9 Sharia Economic Society (MES) Member
10 Indonesian Bankers Association (IBI) Member
11 Indonesian Association of Islamic Economists (IAEI) Member
12 Regional Banking Consultative Agency (BMPD) Member
13 Financial Services Industry Communication Forum (FK IJK) Member
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Profile
Board of Commissioners
Muliaman D. Hadad
President Commissioner concurrently
Independent Commissioner
Nationality : Indonesian
Domicile : Jakarta
Age : 63 years old
Legal Basis for Appointment First appointed as President Commissioner concurrently Independent Commissioner
through the AGMS on May 22, 2023 and obtained an effective decision from OJK on
September 21, 2023.
Education History • Doctor of Business & Economics, Monash University, Melbourne (1996)
• Master of Public Administration, Harvard University, Massachusetts (1990)
• Bachelor of Economics, Development Studies University of Indonesia,
University of Indonesia (1984)
Concurrent Position • Member of the Audit Committee at PT Bank Syariah Indonesia Tbk
• Member of the Remuneration & Nomination Committee at PT Bank Syariah Indonesia Tbk
• Member of the Risk Monitoring Committee at PT Bank Syariah Indonesia Tbk
Other Public Companies:
Independent Commissioner of PT Astra Internasional Tbk (2023-present)
Other Institutions:
-
Work Experience • Independent Commissioner of PT Astra International Tbk
• Professor at the Faculty of Economics & Business (FEB) at Diponegoro University
• Indonesian Ambassador to Switzerland and Liechtenstein (2018-2023)
• Chairman of the Board of Commissioners of the Financial Services Authority
(2012-2017)
• Alternate Member of Islamic Financial Stability Board (IFSB) (2007-2012)
• Deputy Governor of Bank Indonesia (2006-2012)
• Member of the Board of Commissioners of the Deposit Insurance Corporation
(2010-2012)
• Member of the Basel Committee on Banking Supervision (BCBS) & Financial Stability
Board (FSB) (2006-2017)
• Director of the Directorate of Banking Research and Regulation, Bank Indonesia (2005-
2006)
• Head of Financial System Stability Bureau, Bank Indonesia (2003-2005)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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PROFILE
BOARD OF COMMISSIONERS
Adiwarman Azwar Karim
Vice President Commissioner concurrently
Independent Commissioner
Nationality : Indonesian
Domicile : Jakarta
Age : 60 years old
Legal Basis for Appointment First appointed as President Commissioner and concurrently Independent Commissioner
through the EGMS on August 24, 2021, and obtained an effective decision from OJK on
January 31, 2022. Accepted the transfer of duties as Deputy President Commissioner and
concurrently Independent Commissioner through the AGMS on May 22, 2023.
Education History • Master of Economics and Economic Policy, Boston University,
United State of America (1992)
• Master of Business Administration, European University, Belgium (1990)
• Bachelor of Economics, University of Indonesia (1989)
• Engineer of Agricultural Economics, Bogor Agricultural University (1986)
Concurrent Position • Member of the Audit Committee at PT Bank Syariah Indonesia Tbk
• Member of the Remuneration & Nomination Committee at PT Bank Syariah Indonesia
Tbk
• Member of the Risk Monitoring Committee at PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
-
Work Experience • President Commissioner/Independent Commissioner of PT Bank Syariah Indonesia Tbk
(2021-2023)
• Vice Chairman of National Sharia Council - Indonesian Ulema Council (2021-2025)
• Advisory Board of Muslim Excellent Center Unilever Indonesia (2020- 2022)
• Chairman of the Sharia Supervisory Board of PT Manulife Aset Manajemen Indonesia
(2020 - 2022)
• Founder of KARIM Consulting Indonesia (2013 - 2022)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Suyanto
Commissioner
Nationality : Indonesian
Domicile : East Jakarta
Age : 61 years old
Legal Basis for Appointment First appointed as Commissioner through the Extraordinary GMS on December 15, 2020
and effectively served as of February 1, 2021.
Education History • Doctor of Economics-Management Strategy Trisakti University (2020)
• Master of Universal War Defense Strategy, University of Defense (2011)
• Bachelor of Development Studies University of Balikpapan (1994)
Concurrent Position Member of the Risk Monitoring Committee at PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
Special Staff to the Head of BIN (2020-present)
Work Experience • Special Staff to the Head of BIN at the National Intelligence Agency
• Independent Commissioner of PT Bank Syariah Mandiri (2020-2021)
• Associate Agent at the Expert Staff, Natural Resources and Environment of the National
Intelligence Agency (2019-2020)
• Expert Staff to the Head of BIN on Natural Resources and Environment (2019)
• Director of East Asia Central Pacific at Deputy I of the National Intelligence Agency (2018)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly. However, he is
affiliated with Series A Dwiwarna shareholders.
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PROFILE
BOARD OF COMMISSIONERS
Masduki Baidlowi
Commissioner
Nationality : Indonesian
Domicile : West Java
Age : 65 years old
Legal Basis for Appointment First appointed as Commissioner through the EGMS on December 15, 2020 and effectively
served as of February 1, 2021.
Education History • Bachelor of Education, Tarbiyah Taruna College, Surabaya (2004)
• Bachelor of Arabic Literature, Faculty of Adab IAIN Sunan Ampel Surabaya (1983)
• Classical Islamic Studies, Salafiyah Sidogiri Islamic Boarding School, Pasuruan (1972-
1979)
Concurrent Position Chairman of the Remuneration & Nomination Committee at
PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
• Special Staff to the Vice President for Communication (2019-present)
• Daily Chairman of MUI Central Affairs (2014-present)
• Chairman of MMD Initiative Foundation (Justice & Democracy) (2000-present)
Work Experience • Special Staff to the Vice President for Information and Communication as well as Vice
Presidential Spokesperson
• Commissioner of PT Bank Syariah Mandiri (2020-2021)
• Member of the House of Representatives, Member of Commission IV on Agriculture and
Marine Affairs (2007-2009)
• Member of Commission I on Foreign Policy (2007)
• Member of the House of Representatives, Chairman of Commission X for Education
(2004-2007)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly. However, he is
affiliated with Series A Dwiwarna shareholders.
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Imam Budi Sarjito
Commissioner
Nationality : Indonesian
Domicile : Jakarta
Age : 64 years old
Legal Basis for Appointment First appointed as Commissioner through the Extraordinary GMS on December 15, 2020
and effectively served on February 1, 2021.
Education History • Doctor of Economy Claremount Graduate School USA (1995)
• Master of Economy University of Illinois USA (1991)
• Bachelor of Economics Dipenogero University (1982)
Concurrent Position Member of the Risk Monitoring Committee at PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
-
Work Experience • Commissioner of PT Bank BNI Syariah (2018-2021)
• Director of Compliance and Risk PT Bank Negara Indonesia (Persero) Tbk
(2015-2018)
• Commissioner of PT Bank BNI Syariah (2012-2015)
• Head of Enterprise Risk Management Division of PT Bank Negara Indonesia (Persero) Tbk
(2011-2015)
• Head of Strategic Planning Division of PT Bank Negara Indonesia (Persero) Tbk (2005-
2011)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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PROFILE
BOARD OF COMMISSIONERS
Sutanto
Commissioner
Nationality : Indonesian
Domicile : Jakarta
Age : 60 years old
Legal Basis for Appointment First appointed as Commissioner through the Extraordinary GMS on December 15, 2020
and effectively served on February 1, 2021.
Education History Bachelor of Administration, Diponegoro University (1989)
Concurrent Position Anggota Komite Pemantau Risiko di PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
-
Work Experience • Commissioner of PT Bank BRIsyariah Tbk (2019-2021)
• Head of Internal Audit, Internal Audit Bandung Region PT Bank Rakyat Indonesia (Persero)
Tbk (2018-2019)
• Inspector, Semarang Inspection Office of PT Bank Rakyat Indonesia (Persero) Tbk (2016-
2018)
• Inspector, Banda Aceh Inspection Office of PT Bank Rakyat Indonesia (Persero) Tbk (2015-
2016)
• Deputy Inspector for KP, KCK, UKLN & PA Audit Internal Head Office of PT Bank Rakyat
Indonesia (Persero) Tbk (2011-2015)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Abu Rokhmad
Commissioner
Nationality : Indonesian
Domicile : Central Java
Age : 47 years old
Legal Basis for Appointment First appointed as Commissioner through the Annual GMS on May 22, 2023 and obtained
an effective decision from OJK on September 21, 2023.
Education History • Doctor of Law, Diponegoro University (2010)
• Master of Religion, Muhammadiyah University of Malang (2001)
• Bachelor of Sharia/Islamic Civil Law, Muhammadiyah University Surabaya (1999)
Concurrent Position Member of the Risk Monitoring Committee at PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
Expert Staff on Law and Human Rights of the Ministry of Religious Affairs of the Republic
of Indonesia (2021-present)
Work Experience • Expert Staff to the Minister of Religion for Law and Human Rights (2021-present)
• AO. Rector of UIN North Sumatra Medan (2022-2023)
• AO. Head of Research and Development & Training Agency, Ministry of Religion of the
Republic of Indonesia (2021-2022)
• Deputy Dean for Administration, General, Planning & Finance FISIP UIN Walisongo (2016-
2019)
Affiliate Relationship He has no affiliation either in terms of financial or family relationship with the Board of
Commissioners, Sharia Supervisory Board, Board of Directors and Major Shareholders or
Controlling Shareholders either directly or indirectly. However, he has an affiliation with
Series A Dwiwarna shareholders. .
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PROFILE
BOARD OF COMMISSIONERS
M. Arief Rosyid Hasan*)
Independent Commissioner
Nationality : Indonesian
Domicile : Jakarta
Age : 37 years old
Legal Basis for Appointment First appointed as Independent Commissioner through the Extraordinary GMS on
December 15, 2020 and effective as of February 01, 2021.
Education History • Doctor of Public Health Sciences, University of Indonesia (2020)
• Master of Health Policy, University of Indonesia (2014)
• Bachelor of Dentistry, Hasanuddin University (2010)
Concurrent Position • Chairman of the Risk Monitoring Committee at PT Bank Syariah Indonesia Tbk
• Member of the Remuneration & Nomination Committee at PT Bank Syariah Indonesia
Tbk
• Chairman of the Audit Committee at PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
• Deputy Head of the Sharia Economic Agency
• Chairman of the Youth Committee of PP Sharia Economic Society
• Deputy Secretary General of BPP HIPMI (2020-present)
Work Experience • Independent Commissioner, PT Bank Syariah Mandiri (2020-2021)
• Volunteer Coordinator Team for the Acceleration of Handling COVID-19 Task Force
(2020)
• Youth Services Working Group, The Indonesian Ministry of Youth and Sports (2019)
• Commissioner, Merial Health (2018)
• Chairman/Co-founder MillennialFest (2020)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
*) Resigned based on letter dated November 6, 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
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Komaruddin Hidayat
Independent Commissioner
Nationality : Indonesian
Domicile : West Java
Age : 70 years old
Legal Basis for Appointment First appointed as Independent Commissioner through the Extraordinary GMS on
December 15, 2020 and effective as of February 01, 2021
Education History • Doctor of Philosophy Middle East Technical University, Ankara, Turkey (1990)
• Master of Philosophy Middle East Technical University, Ankara, Turkey (1986)
• Bachelor of Ushuluddin IAIN Jakarta (1981)
Concurrent Position • Chairman of the Remuneration & Nomination Committee at PT Bank Syariah Indonesia
Tbk
• Member of the Audit Committee at PT Bank Syariah Indonesia Tbk
• Member of the Risk Monitoring Committee at PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
Professor of the Faculty of Psychology, UIN Jakarta (2015 - present)
Work Experience • Rector of Universitas Islam Internasional Indonesia (UIII) (2019-2023)
• Independent Commissioner of PT Bank BNI Syariah (2019-2021)
• Independent Commissioner of PT Bank BRIsyariah Tbk (2015-2019)
• Chairman of the Sharia Supervisory Board of PT Bank Syariah Mandiri (201-2015)
• Rector of UIN Syarif Hidayatullah (2010-2014)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Commissioners, Sharia Supervisory Board, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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PROFILE
BOARD OF COMMISSIONERS
Mohamad Nasir
Independent Commissioner
Nationality : Indonesian
Domicile : Semarang
Age : 63 years old
Legal Basis for Appointment He was first appointed as Independent Commissioner through the Annual GMS on May 27,
2022 and effectively served on January 6, 2023.
Education History • Doctor of Philosophy (Ph.D) in Accounting University of Science Malaysia
(1998-2004)
• Master of Science (M.Si) in Accounting Gadjah Mada University (1992- 1994)
• Bachelor of Accounting (Drs) Diponegoro University (1982-1988)
Concurrent Position • Chairman of the Audit Committee at PT Bank Syariah Indonesia Tbk
• Member of the Remuneration & Nomination Committee at PT Bank Syariah Indonesia
Tbk
• Member of the Risk Monitoring Committee at PT Bank Syariah Indonesia Tbk
Other Public Companies:
-
Other Institutions:
Special Staff to the Vice President for Bureaucratic Reform (2019-present)
Work Experience • Special Staff to the Vice President for Bureaucratic Reform (2019-present)
• Independent Commissioner of PT Bank Mandiri (Persero) Tbk (2019- 2022)
• Minister of Kemenristekdikti (2014-2019)
• Rector of Diponegoro University (2014)
• Dean of Diponegoto University (2010-2014)
Affiliate Relationship He has no affiliation either in terms of financial or family relationship with the Board of
Commissioners, Sharia Supervisory Board, Board of Directors and Major Shareholders or
Controlling Shareholders either directly or indirectly. However, he has an affiliation with
Series A Dwiwarna shareholders.
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Profile
Sharia Supervisory Board
Hasanudin
Chairman of the Sharia Supervisory Board
Nationality : Indonesian
Domicile : Tangerang, West Java
Age : 62 years old
Legal Basis for Appointment He was first appointed as a Member of the Sharia Supervisory Board through the EGM
on December 15, 2020 and effectively served on February 1, 2021. Furthermore, he was
appointed as Chairman of the Sharia Supervisory Board in accordance with the Deed of
Resolution of the General Meeting of Shareholders of PT Bank Syariah Indonesia Tbk No. 42
dated May 31, 2021.
Education History • Doctor of Sharia UIN Syarif Hidayatullah (2008)
• Master of Sharia IAIN/UIN Syarif Hidayatullah (1997)
• Bachelor of Sharia IAIN/UIN Syarif Hidayatullah (1989)
Concurrent Position Other Public Companies:
Member of Sharia Supervisory Board of UUS PT Bank Danamon Indonesia Tbk (2002-present)
Other Institutions:
• Chairman of the Sharia Supervisory Board of PT Toyota Astra Finance Services
(2014-present)
• Chairman of the Sharia Supervisory Board of PT Trimegah Asset Management
(2015-present)
• Chairman of the Sharia Supervisory Board of PT Sarana Multigriya Finansial (Persero)
(2018-present)
• Chairman of the Daily Executive Board of the National Sharia Council of the Indonesian
Council of Ulama.
Work Experience • Chairman of the Daily Executive Board of the National Sharia Council of the Indonesian
Ulema Council (2020- present)
• Chairman of the Sharia Supervisory Board of PT Sarana Multigriya Finansial (Persero)
(2018-present)
• Chairman of the Sharia Supervisory Board of PT Trimegah Asset Management (2015-present)
• Chairman of the Sharia Supervisory Board of PT Toyota Astra Finance Services
(2014-present)
• Member of the Sharia Accounting Standard Board (DSAS) of the Indonesian Institute of
Accountants (2012-2016)
• Chairman and Member of DPS PT Bank BNI Syariah (2010-2021)
• Member of DPS UUS Bank Danamon (2002- present)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of the
Sharia Supervisory Board, Board of Commissioners, Board of Directors, Major Shareholders,
or Controlling Shareholders, either directly or indirectly.
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PROFILE
SHARIA SUPERVISORY BOARD
Mohamad Hidayat
Member of Sharia Supervisory Board
Nationality : Indonesian
Domicile : East Jakarta
Age : 56 years old
Legal Basis for Appointment He was first appointed as Chairman of the Sharia Supervisory Board through the LB RUPS
on December 15, 2020 and effectively served on February 01, 2021. Furthermore, he was
appointed as a Member of the Sharia Supervisory Board in accordance with the Deed of
Resolution of the General Meeting of Shareholders of PT BankSyariah Indonesia Tbk No.
42 dated May 31, 2021.
Education History • Doctor of Islamic Economics and Finance, Trisakti University (2014)
• Master of Law at the College of Law: Institute of Business Law and Legal Management
(2004)
• Master of Business Administration IPWI Jakarta (1999)
• Bachelor of Sharia IAIN/UIN Syarif Hidayatullah Jakarta (1992)
Concurrent Position Other Public Companies:
Member of Sharia Supervisory Board of Sharia Business Unit PT Bank Tabungan Negara
Tbk (2005-present)
Other Institutions:
• Chairman of Sharia Supervisory Board of Sharia Business Unit of PT Asuransi BRI Life
Syariah (2005-present)
• Chairman of Sharia Supervisory Board of Sharia Business Unit of PT Asuransi
ManulifeIndonesia (2010-present)
• Chairman of Sharia Supervisory Board of Sharia Business Unit of PT Asuransi Allianz
LifeIndonesia (2010-present)
Work Experience • Chairman of the Sharia Supervisory Board of the Sharia Business Unit of PT Asuransi Jiwa
Manulife Indonesia (2020- present)
• Chairman of Sharia Supervisory Board Member of Sharia Business Unit of PT Asuransi
Allianz Life Indonesia (2020-present)
• Chairman of the Sharia Supervisory Board of PT Bank Syariah Mandiri (2019-2021)
• Member of Sharia Supervisory Board of Sharia Business Unit of PT Bank Tabungan Negara
Tbk (2018-present)
• Chairman of the Sharia Supervisory Board of BRI Life Syariah Business Unit (2017-present)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Sharia Supervisory Board, Board of Commissioners, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Oni Sahroni
Member of Sharia Supervisory Board
Nationality : Indonesian
Domicile : Depok
Age : 48 years old
Legal Basis for Appointment First appointed as Member of the Supervisory Board through the Extraordinary GMS on
December 15, 2020 and effective as of February 1, 2021.
Education History • Doctor in Fiqh Muqaran, Al-Azhar University Cairo, Egypt (2009)
• Master in Fiqh Muqaran, Al-Azhar University Cairo, Egypt (2005)
• Bachelor’s degree in Islamic Sharia at Al-Azhar University in Cairo, Egypt (2000)
Concurrent Position Other Public Companies:
-
Other Institutions:
Chairman of the Sharia Supervisory Board of LAZ Inisiatif Zakat Indonesia (IZI)
(2016-present)
Work Experience • Member of the Sharia Supervisory Board of PT Bank Syariah Mandiri (2020-2021)
• Member of Sharia Supervisory Board of Maybank Islamic Berhard Syariah (2018-2020)
• Member of Sharia Supervisory Board of Sharia Business Unit of PT Bank Maybank
Indonesia Tbk (2017-2020)
• Member of Sharia Supervisory Board of PT BNP Paribas Investment Partners
(2016-present)
• Member of Sharia Supervisory Board of Sharia Business Unit of PT Adira Dinamika Multi
Finance Tbk. (2012-2020)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Sharia Supervisory Board, Board of Commissioners, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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SHARIA SUPERVISORY BOARD
Didin Hafidhuddin
Member of Sharia Supervisory Board
Nationality : Indonesian
Domicile : Bogor
Age : 71 years old
Legal Basis for Appointment First appointed as a Member of the Sharia Supervisory Board through the Extraordinary
GMS on December 15, 2020 and effectively served on February 1, 2021.
Education History • Doctor of Religious Studies / Islamic Studies UIN Syarif Hidayatullah (2001)
• Diploma in Arabic Language, University of Madinah, Saudi Arabia (1994)
• Master of Development Counseling, Bogor Agricultural University (1987)
• Bachelor of Sharia IAIN/UIN Syarif Hidayatullah Jakarta (1978)
Concurrent Position Other Public Companies:
Chairman of DPS PT Permodalan Nasional Madani (Persero) Tbk (2010-present)
Other Institutions:
• Chairman of the Sharia Supervisory Board of PT Mandiri AXA General Insurance (MAGI)
Syariah (2014-present)
• Chairman of DPS PT PNM Invest Management (2010-present)
• Chairman of DPS BPRS Amanah Ummah Bogor (1992-present)
Work Experience • Chairman of the Sharia Supervisory Board of PT Mandiri AXA General Insurance (MAGI)
Syariah (2014-present)
• Chairman of the Sharia Supervisory Board of PT Permodalan Nasional Madani (Persero)
(2010-present)
• Chairman of the Sharia Supervisory Board, PT Bank BRIsyariah Tbk (2010-2020)
• Director of Postgraduate Program at Ibnu Khaldun University Bogor (September
2009-present)
• Chairman of the Sharia Supervisory Board of BPRS Amanah Ummah Bogor (1992-present)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Sharia Supervisory Board, Board of Commissioners, Board of Directors, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Profile
Directors
Hery Gunardi
President Director
Nationality : Indonesian
Domicile : Jakarta
Age : 61 years old
Legal Basis for Appointment First appointed as President Director through the Extraordinary General Meeting of
Shareholders (EGMS) on December 15, 2020 and effective as of February 1, 2021.
Education History • Doctor of Business Management, Universitas Padjadjaran (2021)
• Master of Finance and Accounting, University of Oregon USA (1991)
• Bachelor of Commerce Administration, August 17 University (1987)
Concurrent Position • Chairman of Business Committee
• Chairman of Human Resources Committee
• Chairman of Asset & Liability Committee
• IT Committee Member
• Policy & Procedure Committee Member
Other Public Companies:
-
Other Institutions:
-
Work Experience • President Director of PT Bank Syariah Mandiri (2020-2021)
• Chairman of the Project Management Office for the Integration and Value Enhancement
of State-owned Islamic Banks (2020-2021)
• Deputy President Director of PT Bank Mandiri (Persero) Tbk (2020)
• Director of Consumer & Retail Transaction PT Bank Mandiri (Persero) Tbk (2019-2020)
• Director of Business & Network PT Bank Mandiri (Persero) Tbk (2019)
• Director of Small Business & Network PT Bank Mandiri (Persero) Tbk (2018-2019)
• Director of Distributions PT Bank Mandiri (Persero) Tbk (2016-2018)
• Director of Consumer Banking PT Bank Mandiri (Persero) Tbk (2015- 2016)
• Director of Micro & Business Banking PT Bank Mandiri (Persero) Tbk (2015)
• President Commissioner of PT.AXA Mandiri Financial Services (2013- 2015)
• Director of Micro & Retail Banking PT Bank Mandiri (Persero) Tbk (2013- 2015)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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DIRECTORS
Bob Tyasika Ananta
Vice President Director
Nationality : Indonesian
Domicile : South Jakarta
Age : 60 years old
Legal Basis for Appointment First appointed as Deputy President Director through the AGMS on May 27, 2022 and
obtained an effective decision from OJK on September 22, 2022.
Education History • Master of Business Administration, University of Oregon USA, Finance (1989)
• Bachelor of Accounting, Gadjah Mada University (1986)
Concurrent Position • Chairman of Crisis Management Committee
• Vice Chairman of IT Committee
• Vice Chairman of Business Committee
• Vice Chairman of Human Resources Committee
• Vice Chairman of Asset & Liability Committee
• Policy & Procedure Committee Member
Other Public Companies:
-
Other Institutions:
-
Work Experience • Director of Human Capital & Compliance, PT Bank Negara Indonesia (Persero) Tbk (2020-
2022)
• Director of Treasury & International PT Bank Negara Indonesia (Persero) Tbk
(2019-2020)
• Director of Risk Management, PT Bank Negara Indonesia (Persero) Tbk (2018-2019)
• Director of Planning & Operations of PT Bank Negara Indonesia (Persero) Tbk
(2016-2018)
• Director of Operations and Information Technology PT Bank Negara Indonesia (Persero)
Tbk (2015-2016)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Ngatari
Director of Retail Banking
Nationality : Indonesian
Domicile : South Jakarta
Age : 58 years old
Legal Basis for Appointment First appointed as Deputy President Director 1 through EGMS on December 15, 2020, and
effective as of February 1, 2021. Obtained a transfer of job position as Director of Retail
Banking through the AGMS dated May 27, 2022.
Education History Bachelor of Agricultural Science, Agricultural Studies/Agricultural Product Processing,
Brawijaya University (1990)
Concurrent Position • Risk Management Committee Member
• Member of Business Committee
• Asset and Liability Committee Member
Perusahaan Terbuka Lainnya:
-
Institusi Lainnya:
-
Work Experience • Deputy President Director I of PT Bank Syariah Indonesia Tbk (2021- 2022)
• President Director of PT Bank BRIsyariah Tbk (2019-2021)
• Area Leader of PT Bank Rakyat Indonesia (Persero) Tbk Bandung (2018-2019)
• Area Leader of PT Bank Rakyat Indonesia (Persero) Tbk Jakarta 1 (2017- 2018)
• Area Leader of PT Bank Rakyat Indonesia (Persero) Tbk Makassar (2016- 2017)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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DIRECTORS
Anton Sukarna
Director of Sales & Distribution
Nationality : Indonesian
Domicile : Depok
Age : 53 years old
Legal Basis for Appointment First appointed as Director of Sales & Distribution through EGMS on December 15, 2020
and effective as of February 1, 2021.
Education History • Master in Small and Medium Industry Development, Bogor Agricultural University
(2023)
• Bachelor of Animal Husbandry Socio-Economics, Bogor Agricultural University (1994)
Concurrent Position • Risk Management Committee Member
• Member of Business Committee
• Member of Human Resources Committee
• Member of Asset and Liability Committee
• Crisis Management Committee Member
Other Public Companies:
-
Other Institutions:
-
Work Experience • Director of Distribution & Sales, PT Bank Syariah Mandiri (2020-2021)
• SEVP Distribution & Sales, PT Bank Syariah Mandiri (2019)
• Regional Head-Region III/Jakarta, PT Bank Syariah Mandiri (2018-2019)
• Regional Head-Region VII/East Indonesia, PT Bank Syariah Mandiri (2016-2018)
• Group Head Commercial Banking Group, PT Bank Syariah Mandiri (2012-2016)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Ade Cahyo Nugroho
Director of Finance & Strategy
Nationality : Indonesian
Domicile : South Jakarta
Age : 45 years old
Legal Basis for Appointment First appointed as Director of Finance & Strategy through the EGMS on December 15,
2020 and effective as of February 1, 2021.
Education History • Master in Business Administration, Rotterdam School of Management, Erasmus
University Netherland (2011)
• Bachelor of Accounting, University of Indonesia (2003)
Concurrent Position • Vice Chairman of Risk Management Committee
• IT Committee Member
• Policy & Procedure Committee Member
• Member of Human Resources Committee
• Asset & Liability Committee Member
• Crisis Management Committee Member
Other Public Companies:
-
Other Institutions:
-
Work Experience • Director of Finance, Strategy & Treasury, PT Bank Syariah Mandiri (2018- 2021)
• Director of Finance & Strategy, PT Bank Syariah Mandiri (2017-2018)
• SEVP Finance & Strategy, PT Bank Syariah Mandiri (2016-2017)
• Director of Finance & Strategy, PT Mandiri Tunas Finance (2015-2016)
• SEVP/Deputy Director, PT Mandiri Tunas Finance (2014-2015)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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DIRECTORS
Tribuana Tunggadewi
Director of Compliance
& Human Capital
Nationality : Indonesian
Domicile : Jakarta
Age : 56 years old
Legal Basis for Appointment First appointed as Director of Compliance & Human Capital through the EGMS on
December 15, 2020 and effective as of February 1, 2021
Education History • Master of Business Law, University of Indonesia (2002)
• Specialist in Kenotariatan, Airlangga University (1993)
• Bachelor of Law, University of Indonesia (1990)
Concurrent Position • Vice Chairman of Policy & Procedure Committee
• Vice Chairman of Human Resources Committee
• Risk Management Committee Member
• IT Committee Member
• Member of Business Committee Member of Asset & Liability Committee
• Crisis Management Committee Member
Other Public Companies:
-
Other Institutions:
-
Work Experience • Director of Compliance & Risk, PT Bank BNI Syariah (2017-2021)
• Senior Executive Vice President (SEVP) Risk & Communications, PT Bank BNI Syariah
(2017)
• Senior Executive Vice President (SEVP) Risk & Compliance PT Bank BNI Syariah
(2015-2017)
• Senior Vice President (SVP) Corporate Secretary, PT Bank Negara Indonesia (Persero) Tbk
(2011-2015)
• Vice President (VP) Deputy Leader 2 Division of GCG and Bureau of Directors Corporate
Secretary, PT Bank Negara Indonesia (Persero) Tbk (2009 -2011)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Zaidan Novari
Director of Wholesale
Transaction Banking
Nationality : Indonesian
Domicile : South Tangerang
Age : 56 years old
Legal Basis for Appointment First appointed as Director of Wholesale Transaction Banking through the AGMS on May
27, 2022 and obtained an effective decision from OJK on January 31, 2023.
Education History • Master of Financial Management, Gadjah Mada University (1999)
• Bachelor of Economics & Development Studies, Sriwijaya University (1991)
Concurrent Position • Risk Management Committee Member
• Member of Business Committee
• Member of Asset & Liability Committee
Other Public Companies:
-
Other Institutions:
-
Work Experience • Senior Vice President Commercial Banking 3 PT Bank Mandiri (Persero) Tbk
(2017-2022)
• Vice President PT Bank Mandiri (Persero) Tbk (2012-2017)
• Senior Account Manager PT Bank Mandiri (Persero) Tbk (2008-2012)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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DIRECTORS
Moh. Adib
Director of Treasury &
International Banking
Nationality : Indonesian
Domicile : South Tangerang
Age : 58 years old
Legal Basis for Appointment First appointed as Director of Treasury & International Banking through the AGMS on May
27, 2022 and obtained an effective decision from OJK on September 22, 2022.
Education History • Master of Agribusiness Management, Padjajaran University (2000)
• Bachelor of Science in Agronomy, Bogor Agricultural University (1989)
Concurrent Position • Vice Chairman of Asset & Liability Committee
• Risk Management Committee Member
Other Public Companies:
-
Other Institutions:
-
Work Experience • Director of PT BRI Danareksa Sekuritas (2021-2022)
• SEVP Retail Capital Market, PT BRI Danareksa Sekuritas (2019-2021)
• Head of Treasury Business Division, PT Bank Rakyat Indonesia (Persero) Tbk (2018-2019)
• Deputy Head of Treasury Business Division, PT Bank Rakyat Indonesia (Persero) Tbk
(2015-2018)
• Head of Credit Line Management, International Business Division, PT Bank Rakyat
Indonesia (Persero) Tbk (2012-2015)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Saladin Dharmanugraha Effendi
Director of Information Technology
Nationality : Indonesian
Domicile : South Jakarta
Age : 49 years old
Legal Basis for Appointment First appointed as Director of Information Technology of Information Technology at the
AGMS on May 22, 2023 and obtained an effective decision from OJK on September 21,
2023.
Education History Bachelor of Engineering, Mechanical Engineering, Swinburne University of Technology
Melbourne Australia (1994-1999)
Concurrent Position • Vice Chairman of IT Committee
• Vice Chairman of Crisis Management Committee
• Member of Risk Management Committee
• Policy & Procedure Committee Member
Other Public Companies:
-
Other Institutions:
-
Work Experience • Group Head Chief Information Security Officer, PT Bank Mandiri (Persero) Tbk (2018-
2023)
• Head of IT Division, PT Bank Muamalat Indonesia Tbk (2014-2018)
• Head of Information Technology, Senior Vice President (SVP), HSBC Indonesia (2006-
2014)
• Head of Competence (HoC), PT Bank Mandiri (Persero) Tbk (2003-2006)
• Information Technology Consultant, PT Astra Graphia Information Technology (2000-
2003)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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DIRECTORS
Grandhis Helmi Harumansyah
Director of Risk Management
Nationality : Indonesian
Domicile : West Java
Age : 42 years old
Legal Basis for Appointment First appointed as Director of Risk Management at the AGMS on May 22, 2023 and
obtained an effective decision from OJK on September 21, 2023.
Education History • Master of Business Administration-Strategic Management, Washington University St.
Louis (2013)
• Bachelor of Industrial Engineering, University of Indonesia (2003)
Concurrent Position • Chairman of Risk Management Committee
• Chairman of Policy & Procedure Committee
• IT Committee Member
• Business Committee Member
• Member of Human Resources Committee
• Asset & Liability Committee Member
• Crisis Management Committee Member
Other Public Companies:
-
Other Institutions:
-
Work Experience • Group Head Commercial Risk 1 PT Bank Mandiri (Persero) Tbk (2020-2023)
• Head of Business Development PT Bank Mandiri (Persero) Tbk, Singapore (BMSG) (2016-
2019)
• Departement Head Sector Sea Port & Transportation, Corporate Banking II & IV Group PT
Bank Mandiri (Persero) Tbk (2015–2016)
• Departement Head Sector Energy, Corporate Banking V Group PT Bank Mandiri (Persero)
Tbk (2015)
Affiliate Relationship Has no affiliation in terms of financial or family relationships with fellow members of
the Board of Directors, Sharia Supervisory Board, Board of Commissioners, Major
Shareholders, or Controlling Shareholders, either directly or indirectly.
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Information on Changes in the Composition
of the Board of Commissioners and Board of
Directors and the Reasons for the Change
The composition of the Board of Commissioners and The decision took effect on the closing date of the
Directors was changed in 2023, as determined at the 2022 Annual GMS and will expire on the closing date
Annual General Meeting of Shareholders (AGMS) of the third Annual GMS since the appointment, which
on May 22, 2023. Through the AGMS, Bank Syariah will be held in 2026. However, this does not affect the
Indonesia dismissed: GMS’s right to dismiss at any time under the Company’s
1. Achmad Syafii as Director of Information Articles of Association. The appointment determination
Technology; above is effective once the Financial Services Authority
2. Tiwul Widyastuti as Director of Risk Management, and approves the fit and proper test.
3. Nizar Ali as Commissioner.
Furthermore, the AGMS transferred Adiwarman Azwar
The decision was effective as of the closing date of the Karim’s assignment from President Commissioner
2022 Annual GMS, with gratitude for the contributions concurrently Independent Commissioner, as
of energy and thoughts made while serving on determined by the decision of the 2021 Extraordinary
the Company’s Board of Directors and Board of GMS, to Deputy President Commissioner concurrently
Commissioners. The next step is to appoint: Independent Commissioner. The term of office will
1. Saladin D. Effendi, as Director of Information continue in accordance with the GMS decision regarding
Technology, the appointment in question.
2. Grandhis, as Director of Risk Management,
3. Muliaman D. Hadad as President and Independent
Commissioner, and
4. Abu Rokhmad as Commissioner.
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Profile
SEVP Officer
Babas Bastaman Rosma Handayani*)
Senior Executive Vice President Senior Executive Vice President
Internal (SEVP) Financing Risk Internal (SEVP) Human Capital
Nationality : Indonesian Nationality : Indonesian
Domicile : Bekasi Domicile : South Jakarta
Age : 56 years old Age : 54 years old
Legal Basis for Appointment Legal Basis for Appointment
SK No. 2021/64315-SK/HC-BSI February, 1 2021 SK No. 2021/64312-SK/HC-BSI February, 1 2021
Education History Education History
• Professional Master of Small and Medium • Master’s Degree in Human Resource
Industries, Bogor Agricultural University (2009) Management, Gadjah Mada University (2005)
• Bachelor of Agricultural Technology, Bogor • S1 Department of Civil Law, Faculty of Law,
Agricultural University (1992) University of Indonesia (1993)
Concurrent Position Concurrent Position
None None
Work Experience Work Experience
• SEVP SME and Commercial Business PT Bank • SEVP Human Capital PT Bank Syariah Mandiri
BNI Syariah (2020 - 2021) (2020 - 2021)
• Head of BUMN and Government Institution • Director of Compliance & Human Capital PT
Division of PT Bank Negara Indonesia (Persero) Bank Syariah Mandiri (2020)
Tbk (2019 - 2020) • Director of Human Capital PT Bank Syariah
• Head of Medium and Small Business Credit Risk Mandiri (2019 - 2020)
Division of PT Bank Negara Indonesia (Persero) • SEVP Human Capital PT Bank Syariah Mandiri
Tbk (2017 - 2019) (2018 - 2019)
• Head of Commercial Credit Division of PT Bank
BNI Syariah (2016) Affiliate Relationship
Has no affiliation in terms of financial or family
Affiliate Relationship relationships with the Board of Directors, Sharia
Has no affiliation in terms of financial or family Supervisory Board, Board of Commissioners,
relationships with the Board of Directors, Sharia Major Shareholders, or Controlling Shareholders,
Supervisory Board, Board of Commissioners, either directly or indirectly.
Major Shareholders, or Controlling Shareholders,
either directly or indirectly.
*) Effective from office as of March 5, 2024
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Review Responsibility
Wawan Setiawan
Senior Executive Vice President
Internal (SEVP) Consumer Banking
Nationality : Indonesian
Domicile : South Tangerang
Age : 54 years old
Legal Basis for Appointment
SK No. 2021/64317-SK/HC-BSI February, 1 2021
Education History
• Master of Management PPM Graduate School
of Management (2000)
• S1 Civil Engineering University of Indonesia
(1997)
Concurrent Position
None
Work Experience
• SEVP Retail Banking PT Bank Syariah Mandiri
(2019 - 2021)
• Senior Vice President, Micro Banking
Group Head PT Bank Mandiri (Persero) Tbk
(2016 - 2019)
• Vice President, Regional Retail Head, Sumatera
II Regional Office, Palembang PT Bank Mandiri
(Persero) Tbk (2015 - 2016)
• Vice President, Deputy Regional Manager of
Central Java - DIY Regional Office, Semarang
PT Bank Mandiri (Persero) Tbk (2014 - 2015)
Affiliate Relationship
Has no affiliation in terms of financial or family
relationships with the Board of Directors, Sharia
Supervisory Board, Board of Commissioners,
Major Shareholders, or Controlling Shareholders,
either directly or indirectly.
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PROFILE
SEVP OFFICER
Saut Parulian Saragih Satria
Senior Executive Vice President SEVP Internal Audit
Internal (SEVP) Digital Banking
Nationality : Indonesian Nationality : Indonesian
Domicile : Depok Domicile : Jakarta
Age : 49 years old Age : 56 years old
Legal Basis for Appointment Basis of Appointment
SK No. 01/244-KUA/DIR August 6, 2021 Decree of the Board of Directors of PT Bank
Syariah Indonesia, Tbk. No: 03/153-KEP/DIR
Education History dated April 28, 2023
• Master’s in Business Administration from
London Business School (2008) Education History
• Bachelor’s Degree in Industrial Engineering • Master of Management, Bandar Lampung
from Institut Teknologi Bandung (1996) University (2008)
• Bachelor of Economics, Bandar Lampung
Concurrent Position University (1990)
None
Work Experience
Work Experience • Chairman of the Supervisory Board
• Executive Vice President - Head of Strategy, (2019-present)
Investor Relations and Partnerships Bank CIMB • Chief Retail Audit PT Bank Mandiri (Persero) Tbk
Niaga (2020 - 2021) (2021-2023)
• Executive Vice President - Head of Strategy Bank • Group Head/Senior Vice President Cash & Trade
CIMB Niaga (2019 - 2020) Operations Group PT Bank Mandiri (Persero)
• Director - Strategy and Business Development Tbk (2016-2019)
OVO PT Visionet International (2017 - 2019) • Regional CEO Sulawesi Maluku (8 Provinces) PT
• Head of Business Development Sampoerna Bank Mandiri (Persero) Tbk (2015-2016)
AGRO (2014 - 2017) • Regional CEO Sumatra II (6 Provinces) PT Bank
Mandiri (Persero) Tbk (2013-2015)
Affiliate Relationship
Has no affiliation in terms of financial or family Certification
relationships with the Board of Directors, Sharia • Level 5 Banking Risk Management Certification
Supervisory Board, Board of Commissioners, (No. 64131 1210 0 0015875 2023) (2023)
Major Shareholders, or Controlling Shareholders, • Certified Internal Audit Executive (Number:
either directly or indirectly. SERT CIAE-070/K/04/2022) (2022)
Affiliate Relationship
Has no affiliation with the Board of Commissioners,
Board of Directors, and Controlling Shareholders.
130 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Profile
Executive Officer
No. Name Position Joint Date Place of Birth Date of Birth Latest Education
1 Firman Jatnika Regional CEO 01/11/1999 Jakarta 26/02/1970 Master Degree
2 Gunawan Arief Corporate Secretary 27/12/1999 Sukoharjo 26/03/1971 Master Degree
Hartoyo & Communication
Group Head
3 Ana Nurul Khayati Distribution Strategy 13/01/2000 Madiun 26/03/1972 Master Degree
Group Head
4 Yoana Irawati Executive Business 13/03/2000 Padang 25/01/1977 Master Degree
Officer
5 Alhuda Dj Operations 15/05/2000 Bukittinggi 16/05/1972 Bachelor Degree
Development Group
Head
6 Deden Durachman Regional CEO 02/06/2000 Bandung 17/09/1972 Bachelor Degree
7 Zulaicha Senior Operational 02/06/2000 Magetan 01/05/1976 Bachelor Degree
Risk Head Wholesale
8 Kemas Erwan Marketing 21/02/2001 Palembang 29/10/1975 Master Degree
Husainy Communication
Group Head
9 Dien Lukita Consumer Business 21/03/2001 Jayapura 10/05/1974 Master Degree
Purnamasari 2 (Unsecured) Group
Head
10 Ari Yusnairy Muslim Executive Business 01/07/2002 Palembang 15/09/1978 Bachelor Degree
Officer
11 Mahendra Nusanto S Gold & Pawning 15/07/2002 Serang 07/07/1971 Bachelor Degree
Business Group
Head
12 Fiti Syam Corporate Business 03/09/2002 Jakarta 16/09/1976 Master Degree
1 Group Head
13 Yuwono Procurement & Fixed 04/03/2003 Cianjur 05/07/1980 Bachelor Degree
Asset Group Head
14 Ricky Rikardo Regional CEO 23/06/2003 Subang 02/05/1970 Master Degree
Mulyadi
15 Khoirul Huda S Riyadi AML/APU-PPT 01/09/2003 Jakarta 06/10/1975 Master Degree
Group Head
16 Wisnu Sunandar Regional CEO 01/09/2003 Jakarta 01/10/1978 Master Degree
17 Fitria Ekayani Regional CEO 01/09/2003 Bogor 09/02/1980 Master Degree
18 Vita Andrianty Retail Deposit 01/09/2003 Tangerang 18/08/1981 Bachelor Degree
Solution Group Head
19 Peby Elan Surya Senior Human 09/02/2004 Jakarta 29/02/1980 Master Degree
Diningrat Capital Business
Partner 2 Head
20 Yasrul Senior Operational 04/05/2004 Koto Baru 14/04/1978 Master Degree
Risk Head
Distribution
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PROFILE
EXECUTIVE OFFICER
No. Name Position Joint Date Place of Birth Date of Birth Latest Education
21 Ficko Hardowiseto Regional CEO 16/03/2005 Bandung 03/10/1978 Bachelor Degree
22 Maisur Hilmi Executive Risk & 01/12/2005 Bukittinggi 02/05/1978 Bachelor Degree
Recovery Officer
23 Jajang Abdul Karim Regional CEO 01/12/2005 Bogor 21/11/1982 Bachelor Degree
24 Wijayanto Digital Banking 15/12/2008 Bantul 03/10/1970 Master Degree
& E-Channel
Operations Group
Head
25 Rosalina Dewi T Compliance Group 01/12/2008 Jakarta 23/07/1979 Master Degree
Head
26 Affan Mawardi Regional CEO 01/10/2009 Bogor 20/08/1980 Master Degree
27 Risqi Widayat SME Business Group 01/04/2010 Jakarta 19/08/1981 Bachelor Degree
Head
28 Andrianto Daru Senior Human 30/01/1995 Surakarta 31/03/1970 Master Degree
Kurniawan Capital Business
Partner 1 Head
29 Ali Muafa Executive Business 25/04/1995 Jombang 02/07/1969 Bachelor Degree
Officer
30 Adjat Djatnika Regional CEO 05/06/1995 Bandung 12/04/1971 Master Degree
Basarah
31 Bambang Sutrisno BSI Corporate 15/11/1995 Blora 17/05/1970 Master Degree
University Group
Head
32 Ida Triana Widowati Institutional Banking 22/04/1998 Magelang 10/05/1970 Bachelor Degree
Group Head
33 Budiyono Executive Risk & 15/12/2010 Banyumas 04/04/1983 Bachelor Degree
Recovery Officer
34 Diar Fitrada Corporate Risk 15/12/2010 Sumedang 07/06/1986 Bachelor Degree
Group Head
35 Budi Aristianto Senior Business 01/07/2011 Bandung 17/12/1971 Diploma 3
Continuity
Management Head
36 Taty Sediaty Executive Risk & 15/09/2011 Kuningan 12/02/1971 Bachelor Degree
Recovery Officer
37 Indriati Tri Handayani Policy & Procedure 04/08/2014 Jakarta 03/05/1972 Master Degree
Group Head
38 Arief Budiman Executive Risk & 01/05/2015 Jakarta 16/05/1971 Bachelor Degree
Recovery Officer
39 Okky Fachrizal Executive Business 01/06/2015 Surabaya 24/10/1968 Bachelor Degree
Achmad Officer
40 Priyo Hartono Corporate Finance 08/06/2015 Kediri 16/11/1977 Bachelor Degree
& Accounting Group
Head
41 Sylvia Azis Human Capital 01/08/2015 Bandung 06/12/1978 Bachelor Degree
Strategy & Policy
Group Head
42 Wachjono Regional CEO 15/03/2016 Tanjung 20/05/1969 Bachelor Degree
Pandan
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No. Name Position Joint Date Place of Birth Date of Birth Latest Education
43 Muhammad Syukron Islamic Ecosystem 15/05/2016 Blora 16/04/1978 Master Degree
Habiby Solution Group Head
44 Irfan Lesmana Legal Group Head 15/07/2016 Jakarta 24/02/1971 Bachelor Degree
45 Astridiana Sjamanti Alternative Channel 01/09/2017 Jakarta 14/02/1970 Bachelor Degree
& Government
Project Group Head
46 Ferry Hendrawan Executive Business 25/09/2017 Bontang 22/05/1978 Bachelor Degree
Officer
47 Ir Supriono Commercial Risk 12/02/2018 Magetan 27/07/1969 Master Degree
Group Head
48 Bayu Isnandar IT Strategic Planning 15/04/2018 Jakarta 09/07/1985 Master Degree
Group Head
49 Ivan Hartawan Commercial 01/07/2018 Jakarta 07/12/1968 Bachelor Degree
Business 2 Group
Head
50 Cera Wirastuti Executive Business 01/07/2018 Surabaya 12/11/1969 Master Degree
Officer
51 Ali Executive Risk & 08/10/2018 Banyuwangi 15/11/1978 Master Degree
Recovery Officer
52 M. Misbahul Munir Corporate 01/12/2018 Semarang 06/05/1971 Master Degree
Transformation
Office Group Head
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PROFILE
EXECUTIVE OFFICER
No. Name Position Joint Date Place of Birth Date of Birth Latest Education
53 Praka Mulia Agung Consumer Business 01/03/2019 Surabaya 02/12/1978 Master Degree
1 (Secured) Group
Head
54 Movianto Internal Audit 1 25/03/2019 Semarang 19/06/1971 Master Degree
Group Head
55 Ir Anna Kristanty International & 11/11/2019 Jakarta 14/10/1974 Master Degree
Financial Institution
Group Head
56 I Gusti Ngurah Executive Risk & 01/02/2020 Surabaya 13/04/1977 Bachelor Degree
Bramantya Ardana Recovery Officer
57 Agus Subekti Internal Audit 2 02/07/2020 Banyumas 19/11/1971 Master Degree
Group Head
58 Banjaran Surya Chief Economist 01/03/2021 Bogor 19/07/1990 Doctor
Indrastomo
59 Arief Satiana Card Business Group 01/03/2022 Jakarta 22/07/1972 Master Degree
Head
60 Fajar Ari Setiawan Transaction Banking 01/03/2022 Tulungagung 18/05/1977 Bachelor Degree
Group Head
61 Dede Sutisna Retail Collection, 01/03/2022 Majalengka 28/10/1975 Bachelor Degree
Restructuring &
Recovery Group
Head
62 Desfan Akbar SME & Micro Risk 01/03/2022 Langsa 18/12/1981 Master Degree
Group Head
63 Teszy Mira Eka Human Capital 01/03/2022 Jakarta 07/08/1979 Master Degree
Kusuma Services Group Head
64 Indra G Kampono Corporate Finance & 01/03/2022 Jakarta 10/10/1970 Master Degree
Solution Group Head
65 Joni Haryanto Micro Business 07/04/2022 Jakarta 04/06/1970 Bachelor Degree
Group Head
66 Rizky Budinanda Investor Relation 20/04/2022 Cirebon 29/12/1977 Master Degree
Group Head
67 Kamal Azhar Chief Information 28/04/2022 Bogor 23/11/1983 Master Degree
Security Officer
68 Asri Natanegeri Wealth Management 17/06/2022 Surabaya 02/03/1984 Bachelor Degree
Group Head
69 Gatot Prasetyo IT Operations Group 01/08/2022 Purbalingga 23/03/1975 Bachelor Degree
Head
70 Husni Thamrin Corporate Business 01/11/2022 Kuningan 28/10/1966 Master Degree
3 Group Head
71 Kemal Aditya Treasury & Global 02/01/2023 Banjarmasin 04/08/1978 Master Degree
Market Group Head
72 Silmi Akbar Ghania Commercial 01/05/2023 Bandung 27/06/1980 Bachelor Degree
Permana Business 1 Group
Head
73 Riko Wardhana Digital Strategy & 01/07/2018 Jakarta 30/10/1973 Master Degree
Product Group Head
74 Arief Sunandar IT Application 15/10/2019 Jakarta 08/04/1973 Bachelor Degree
Support Group Head
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No. Name Position Joint Date Place of Birth Date of Birth Latest Education
75 Yan Rasdiansyah Financing 07/01/2019 Palembang 13/01/1976 Master Degree
Operations Group
Head
76 Moch Fanny Fansyuri Operational, 01/06/1991 Bandung 14/04/1967 Bachelor Degree
Portfolio & Market
Risk Group Head
77 Jiwo Sukarno Corporate Action 01/07/2023 Semarang 31/08/1981 Master Degree
Group Head
78 Arif Jatmoko IT Audit Group Head 01/08/2023 Belitung 30/06/1974 Master Degree
79 Arjuka Senior Operational 01/08/2023 Pangkal Pinang 04/05/1980 Bachelor Degree
Risk Head IT
80 Bayu Hasdianto IT & Product 01/08/2023 Medan 08/08/1985 Master Degree
Delivery Risk Group
Head
81 Diaz Hartadi Strategic Planning 01/10/2023 Banyumas 26/09/1979 Bachelor Degree
& Performance
Management Group
Head
82 Sandy Prasetya Hadi IT & Digital 11/09/2023 Jakarta 17/03/1981 Bachelor Degree
Development Group
Head
83 Asnah Faekhah Consumer Risk 01/03/2023 Lampung 26/02/1969 Master Degree
Group Head Tengah
84 Dwi Hesti Customer Care 01/07/2023 Boyolali 15/05/1974 Bachelor Degree
Mulyaningrum Group Head
85 Andy Puguh Nugroho Data & Decision 19/09/2023 Cilacap 13/02/1981 Master Degree
Management Group
Head
86 Dickman Maulana Digital Activation 05/10/2023 Surabaya 09/02/1974 Bachelor Degree
Group Head
87 Buyung Ichman Corporate Business 06/04/2017 Yogyakarta 21/07/1967 Master Degree
Lukman 2 Group Head
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Demographics
Employees
NUMBER OF EMPLOYEES BY EMPLOYMENT STATUS
2023 2022
Employee Status
Total % Total %
Permanent Employees 17.245 69.33 17,636 66.24
Contract Employee 664 2.67 945 3.55
Outsourcing 6,966 28.00 8,045 30.21
Grand Total 24,875 100.00 26,626 100.00
NUMBER OF EMPLOYEES BY EDUCATION LEVEL*)
2023 2022
Employee Education
Total % Total %
High School 36 0.20 57 0.31
Diploma 1,720 9.60 1,898 10.21
S1 15,200 84.87 15,715 84.58
S2 943 5.27 900 4.84
S3 10 0.06 11 0.06
Grand Total 17,909 100.00 18,581 100.00
*) Excluding outsourcing
NUMBER OF EMPLOYEES BY AGE*)
2023 2022
Employee Age
Total % Total %
18-25 Years Old 430 2.40 808 4.35
26-35 Years Old 8,890 49.64 9,988 53.75
36-45 Years Old 7,126 39.79 6,441 34.66
Above 45 Years Old 1,463 8.17 1,344 7.23
Grand Total 17,909 100.00 18,581 100.00
*) Excluding outsourcing
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NUMBER OF EMPLOYEES BY POSITION LEVEL*)
Position 2023 2022
Position
Level Total % Total %
N2 Group Head, Regional Head, Project Manager 96 0.54 88 0.47
N3 Dean, Area Manager, Dept. Head, Manager 455 2.54 429 2.31
N4 Manager, Team Leader & Branch Manager, Sec, 2,240 12.51 2,218 11.94
Head
N5 Relationship Officer, Branch Manager (Cash 5,827 32.54 6,088 32.76
Outlet Manager), Officer, ODP
N6 Staff/Executor/Basic Employee 9,291 51.88 9,758 52.52
Grand Total 17,909 100.00 18,581 100.00
*) Excluding outsourcing
NUMBER OF EMPLOYEES BY GENDER*)
2023 2022
Employee Gender
Total % Total %
Male 10,542 58.86 11,008 59.24
Female 7,367 41.14 7,573 40.76
Grand Total 17,909 100.00 18,581 100.00
*) Excluding outsourcing
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Performance Management Report Company Profile Management Discussion and Analysis
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Shareholders
Composition
SHAREHOLDER LIST
Nominal Value Rp500 per Share
Description Percentage (%)
Number of Shares Nominal Value
BASIC CAPITAL 80,000,000,000 40,000,000,000,000
Series A Dwiwarna Shares
Republic of Indonesia 1 500 0.00
Series B Shares
PT Bank Mandiri (Persero) Tbk 23,740,608,436 11,870,304,218,000 51.47
PT Bank Negara Indonesia (Persero) Tbk 10,720,230,418 5,360,115,209,000 23.24
PT Bank Rakyat Indonesia (Persero) Tbk 7,092,761,655 3,546,380,827,500 15.38
Public 4,575,659,628 2,287,829,814,000 9.91
ISSUED AND PAID-UP CAPITAL 46,129,260,138 23,064,630,069,000 100
SHARES IN PORTEPEL 33,870,739,862 16,935,369,931,000
COMPOSITION OF SHAREHOLDERS WITH 5% OR MORE OWNERSHIP
Shareholders Number of Shares Ownership Percentage (%)
PT Bank Mandiri (Persero) Tbk 23,740,608,436 51.47
PT Bank Negara Indonesia (Persero) Tbk 10,720,230,418 23.24
PT Bank Rakyat Indonesia (Persero) Tbk 7,092,761,655 15.38
Total 41,553,600,509 90.09
SHAREHOLDERS COMPOSITION BY OWNERSHIP STATUS
Share Ownership by Classification
Share Ownership Number of Shareholders Number of Shares Ownership Percentage (%)
National
Republic of Indonesia 1 1 0.00000
Limited Liability Company 118 30,910,674,403 67.00882
Pension Fund 69 451,440,898 0.97864
Foundation 18 228,851,792 0.49610
Mutual funds 178 511,308,218 1.10842
Insurance 138 519,968,700 1.12719
Cooperatives 6 93,400 0.00020
Indonesian Individual 136,392 1,366,502,439 2.96233
Bank 3 10,725,230,507 23.25038
Sub Total 136,923 44,714,070,357 96.924502
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Share Ownership Number of Shareholders Number of Shares Ownership Percentage (%)
Foreign
Foreign Entity 129 1,413,389,949 3.06397
Foreign Individual 98 1,799,831 0.00390
Sub Total 227 1,415,189,780 3.06787
TOTAL 137,150 46,129,260,137 100.00%
20 LARGEST SHAREHOLDERS
No. Shareholders Number of Shares Percentage
1 SISM Group PT Bank Mandiri (Persero) Tbk 23,740,608,436 51.465%
2 PT BNI (Persero) Tbk-Divisi PPA 10,720,230,418 23.240%
3 PT Bank Rakyat Indonesia (Persero) Tbk - Subsidiary 7,092,761,655 15.376%
Management Division
4 DPLK Bank Rakyat Indonesia - Saham Syariah 332,502,200 0.721%
5 PT Prudential Life Assurance - RVDF 289,794,661 0.628%
6 Yayasan Kesejahteraan Pekerja BRI 222,212,342 0.482%
7 Citibank New York S/A Government Of Norway - 15 177,799,995 0.385%
8 JPMCB NA Re-Emerging Markets Growth Fund Inc 164,597,500 0.357%
9 JPMCB Na Re-Emerging Markets Equity Fund 150,182,500 0.326%
10 State Street Bank-Smallcap World Fund Inc 109,635,200 0.238%
11 Bbh Luxembourg S/A Fidelity FD SICAV-FID FDS 85,800,200 0.186%
ASEAN FD
12 JPMCB NA RE-JPMorgan ASEAN FunD 63,815,600 0.138%
13 Reksa Dana Ashmore Saham Sejahtera Nusantara 57,937,221 0.126%
14 JPMSE LUX RE UCITS CLT RE-JPMorgan Funds 56,909,100 0.123%
15 JPMSE LUX RE UCITS CLT RE-Capital Group Emerging 55,274,100 0.120%
Markets Growth Fund (LUX)
16 BNYMSANV RE BNYMIL RE BKRK Frontiers Inv Trust 54,925,300 0.119%
Plc-2039846679
17 Dana Pensiun BRI - Swakelola 50,664,700 0.110%
18 BNYM RE BNYMLB RE Employees ProvidentFD 48,553,900 0.105%
BOARD-2039927326
19 Reksa Dana Ashmore Dana Ekuitas Nusantara 48,040,500 0.104%
20 PT Prudential Sharia Life Assurance - SEF III 46,932,903 0.102%
SHARE OWNERSHIP OF THE BOARD OF COMMISSIONERS AND DIRECTORS
Directly
As of January 1, 2023
No. Name Position Number of Shares Percentage (%)
Board of Directors
1 Hery Gunardi President Director 0 0
2 Bob Tyasika Ananta Vice President Director 0 0
3 Ngatari Retail Banking Director 16,823,500 0.036
4 Achmad Syafii Information Technology Director 0 0
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SHAREHOLDERS
COMPOSITION
No. Name Position Number of Shares Percentage (%)
5 Ade Cahyo Nugroho Finance & Strategy Director 0 0
6 Anton Sukarna Sales & Distribution Director 0 0
7 Tribuana Tunggadewi Sales & Distribution Director 0 0
8 Tiwul Widyastuti Director of Risk Management 0 0
9 Zaidan Novari Wholesale Transaction Banking 0 0
Director
10 Moh. Adib Treasury & International Banking 9,500 0
Director
Board of Commissioners
1 Adiwarman Azwar President Commissioner/ 0 0
Karim Independent Commissioner
2 Komaruddin Hidayat Vice President Commissioner / 0 0
Independent Commissioner
3 M. Arief Rosyid Hasan Independent Commissioner 0 0
4 Suyanto Independent Commissioner 0 0
5 Masduki Baidlowi Independent Commissioner 0 0
6 Imam Budi Sarjito Commissioner 0 0
7 Sutanto Commissioner 1,687,400 0.003
8 Mohamad Nasir*) Commissioner 0 0
9 Nizar Ali *)
Commissioner 0 0
*) The determination of the appointment concerned is effective since obtaining approval from OJK for the fit and proper test
As of December 31, 2023
No. Name Position Number of Shares Percentage (%)
Board of Directors
1 Hery Gunardi President Director 2,210,600 0.005
2 Bob Tyasika Ananta Vice President Director 548,400 0.001
3 Ngatari Retail Banking Director 18,621,200 0.04
4 Saladin D. Effendi Information Technology Director 0 0
5 Ade Cahyo Nugroho Finance & Strategy Director 1,726,600 0.004
6 Anton Sukarna Sales & Distribution Director 1,726,600 0.004
7 Tribuana Tunggadewi Compliance & Human Capital 1,726,600 0.004
Director
8 Grandhis Helmi Risk Management Director 0 0
Harumansyah
9 Zaidan Novari Wholesale Transaction Banking 517,900 0.001
Director
10 Moh. Adib Treasury & International Banking 527,400 0.001
Director
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No. Name Position Number of Shares Percentage (%)
Board Of Commissioners
1 Muliaman Hadad*) President Commissioner/ 0 0
Independent Commissioner
2 Adiwarman Azwar Vice President Commissioner / 0 0
Karim Independent Commissioner
3 Suyanto Commissioner 822,700 0.002
4 Masduki Baidlowi Commissioner 822,700 0.002
5 Imam Budi Sarjito Commissioner 822,700 0.002
6 Sutanto Commissioner 1,010,100 0.002
7 M. Arief Rosyid Hasan Independent Commissioner 0 0
8 Komaruddin Hidayat Independent Commissioner 0 0
9 Mohamad Nasir Independent Commissioner 0 0
10 Abu Rokhmad*) Commissioner 0 0
*) Effective as of September 21, 2023
Indirectly
As of January 1, 2023
No. Name Position Number of Shares Percentage (%)
Direksi
1 Hery Gunardi President Director Nil Nil
2 Bob Tyasika Ananta Vice President Director Nil Nil
3 Ngatari Retail Banking Director Nil Nil
4 Saladin D. Effendi Information Technology Director Nil Nil
5 Ade Cahyo Nugroho Finance & Strategy Director Nil Nil
6 Anton Sukarna Sales & Distribution Director Nil Nil
7 Tribuana Tunggadewi Compliance & Human Capital Nil Nil
Director
8 Grandhis Helmi Risk Management Director Nil Nil
Harumansyah
9 Zaidan Novari Wholesale Transaction Banking Nil Nil
Director
10 Moh Adib Treasury & International Banking Nil Nil
Director
Board of Commissioners
1 Adiwarman Azwar President Commissioner/ Nil Nil
Karim Independent Commissioner
2 Komaruddin Hidayat Vice President Commissioner / Nil Nil
Independent Commissioner
3 M. Arief Rosyid Hasan Independent Commissioner Nil Nil
4 Suyanto Independent Commissioner Nil Nil
5 Masduki Baidlowi Independent Commissioner Nil Nil
6 Imam Budi Sarjito Commissioner Nil Nil
7 Sutanto Commissioner Nil Nil
8 Mohamad Nasir *)
Commissioner Nil Nil
9 Nizar Ali *)
Commissioner Nil Nil
*) The determination of the appointment concerned is effective since obtaining approval from OJK for the fit and proper test
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SHAREHOLDERS
COMPOSITION
As of December 31, 2023
No. Name Position Number of Shares Percentage (%)
Board of Directors
1 Hery Gunardi President Director Nil Nil
2 Bob Tyasika Ananta Vice President Director Nil Nil
3 Ngatari Retail Banking Director Nil Nil
4 Saladin D. Effendi Information Technology Director Nil Nil
5 Ade Cahyo Nugroho Finance & Strategy Director Nil Nil
6 Anton Sukarna Sales & Distribution Director Nil Nil
7 Tribuana Tunggadewi Compliance & Human Capital Nil Nil
Director
8 Grandhis Helmi Risk Management Director Nil Nil
Harumansyah
9 Zaidan Novari Wholesale Transaction Banking Nil Nil
Director
10 Moh. Adib Treasury & International Banking Nil Nil
Director
Board of Commissioners
1 Muliaman D. Hadad President Commissioner/ Nil Nil
Independent Commissioner
2 Adiwarman Azwar Vice President Commissioner / Nil Nil
Karim Independent Commissioner
3 Suyanto Commissioner Nil Nil
4 Masduki Baidlowi Commissioner Nil Nil
5 Imam Budi Sarjito Commissioner Nil Nil
6 Sutanto Commissioner Nil Nil
7 Abu Rokhmad Commissioner Nil Nil
8 M. Arief Rosyid Hasan Independent Commissioner Nil Nil
9 Komaruddin Hidayat Independent Commissioner Nil Nil
10 Mohamad Nasir Independent Commissioner Nil Nil
SHARIA SUPERVISORY BOARD SHARE OWNERSHIP
Name Position Number of Shares Percentage (%)
Hassanudin Chairman 0 0
Mohamad Hidayat Member 0 0
Oni Sahroni Member 0 0
Didin Hafidhuddin Member 0 0
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Major and Controlling
Shareholders
REPUBLIC OF INDONESIA
SERIES A DWIWARNA SHARES SERIES B SHARE
PT Bank Mandiri PT Bank Negara PT Bank Rakyat Indonesia
(Persero) Tbk Indonesia (Persero) Tbk (Persero) Tbk
REPUBLIC OF INDONESIA
1 Sheet 51.47% 23.24% 15.38%
The Company has 2 (two) classifications of shares, Major and Controlling Shareholders
namely Series A Dwiwarna Shares and Series B Shares. Information
Series A Dwiwarna Shares totaling 1 (one) share is Based on the share composition above, PT Bank Mandiri
owned by the Republic of Indonesia (represented by (Persero) Tbk is the largest shareholder of Series B, thus
the Ministry of SOEs) and Series B Shares which are making PT Bank Mandiri (Persero) Tbk as the Major
common shares owned by other shareholders. Shareholder (PSU) and BSI’s finances are consolidated
with PT Bank Mandiri (Persero) Tbk.
Corporate
Structure
Bank Syariah Indonesia has no subsidiaries, so no information on the corporate structure can be provided.
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Subsidiaries and
Associated Companies
Bank Syariah Indonesia has no subsidiaries, so no information on corporate structure can be provided.
Share Listing
Chronology
Number
Number of New Nominal Effective
Year Corporate Action of Shares Stock Exchange
Shares Value Date
Outstanding
2018 Issued and fully paid capital 3,958,000,000 3,958,000,000 500 January 1,
2018
2018 Based on the GMS dated March 3,134,762,898 7,092,762,898 500 March 2,
2, 2018, capital additions have 2018
been made in the form of:
• Additional capital deposit of
Rp 1 trillion.
• The capitalization of retained
earnings amounted to Rp
567,381,449. The additional
capital resulted in additional
parent shares amounting to
Rp 1,567,381,449
2018 Initial Public Offering 2,623,350,600 9,716,113,498 500 May 9, 2018 Listed on the
Indonesia Stock
Exchange
2020 MESOP Stock Exercise 184,395,200 9,900,508,698 534 November Listed on the
2 - December Indonesia Stock
8, 2020 Exchange
2021 Merger of BRIS, BSM, and BNIS 31,130,700,245 41,031,208,943 500 February 1, Listed on the
2021 Indonesia Stock
Exchange
2021 MESOP Stock Exercise 97,659,800 41,128,868,743 500 May 10 - June Listed on the
18, 2021 Indonesia Stock
Exchange
2021 MESOP Stock Exercise 438,600 41,129,307,343 500 November Listed on the
1 - December Indonesia Stock
9, 2021 Exchange
2022 Right Issue 4,999,952,795 46,129,260,138 500 December 19 Listed on the
- 23, 2022 Indonesia Stock
Exchange
144 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Chronology of Listing
of Other Securities
Year of Profit Maturity Rating and Rating Agency Stock
Name of Sukuk Sukuk Value
Issuance Sharing Date 2023 2022 Exchange
2016 Subordinated Sukuk Rp1 Trillion 9.5% November A+ (idn) A+ Listed on the
Mudharabah 1 16, 2023 (PT Fitch (PT Fitch Indonesia
of 2016 PT Bank Ratings Ratings Stock
Syariah Indonesia Tbk indonesia) Indonesia Exchange
(formerly PT Bank
BRIsyariah
2016 Subordinated Sukuk Rp375 Billion 10% December idAA (sy) AA Listed on the
Mudharabah 1 22, 2023 (PEFINDO) (PEFINDO) Indonesia
of 2016 PT Bank Stock
Syariah Indonesia Tbk Exchange
(formerly PT Bank
BRIsyariah
2023 Long-Term Sukuk Rp3,7 Billion 0.55% December - - -
Mudharabah 26, 2035
Muqayadah
Conducted Without
Public Offering I PT
Bank BSI tbk Year
2023 Phase I
2023 Medium Term Rp200 Billion 7.90% December idAA (sy) - -
Subordinated Sukuk 15, 2028 (PEFINDO)
Mudharabah PT Bank
Syariah Indonesia Tbk,
2023
Public Accounting
Firm
KAP TANUDIREDJA, WIBISANA, RINTIS & PARTNERS
Gedung WTC 3,
Jl. Jend. Sudirman Kav. 29-31, Jakarta 12920, Indonesia
Tel. : (021) 50992901/31192901
Fax. : (021) 52905555/52905050
Website: www.pwc.com
Assignment Period : 2023 Year
Audit Service Provided : Audit on Financial Statement as of December 31, 2023
Fee : Rp5,600,000,000
Non-Audit Services Provided : None
Fee : None
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 145
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Capital Market Professional and
Supporting Institutions
CAPITAL MARKET INSTITUTION
PT Bursa Efek Indonesia
Indonesia Stock Exchange Building, Tower 1
Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190
Indonesia
Tel. : (021) 5150515
Fax. : (021) 5254153
Website : www.idx.co.id
Service Provided : Annual Listing Services
PT Kustodian Sentral Efek Indonesia
Indonesia Stock Exchange Building, Tower 1, 5th Floor,
Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190
Indonesia
Tel. : (021)5152855
Fax. : (021)52991199
Website : www.ksei.co.id
Service Provided : Securities Administration Management (Shares and Sukuk)
SECURITIES ADMINISTRATION BUREAU
PT Datindo Entrycom
Jl. Hayam Wuruk No. 28, 2nd Floor,
Jakarta 10120
Tel. : (021)3508077
Fax. : (021)3508078
Website : www.datindo.com
Services Provided : Share Administration Services
NOTARY
Ashoya Ratam, S.H., M.Kn.
Jl. Suryo No 54,
Kebayoran Baru, Jakarta 12180
Tel. : (021)-29236060
Fax. : (021)-29236070
146 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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RATING AGENCY
PT Fitch Ratings Indonesia
Prudential Tower 20th Floor,
Jl. Jend. Sudirman Kav. 79 Jakarta 12910
Tel. : (021) 57957755
Fax. : (021) 57957750
Website : www.fitchratings.co.id
Services Provided : Company Rating
PT Pemeringkat Efek Indonesia (PEFINDO)
Panin Tower - Senayan City, 17th Floor,
Jl. Asia Afrika Lot. 19 Jakarta 10270
Indonesia
Tel. : (021) 72782380
Fax. : (021) 72782370
Website : www.pefindo.com
Services Provided : Company Rating
TRUSTEE
PT Bank Negara Indonesia (Persero) Tbk
Grha BNI Building,
Jl. Jend. Sudirman Kav. 1, Central Jakarta 10220
Tel. : (021) 2511946
Fax. : (021) 2511214
LEGAL CONSULTANT
Dewan Syam & Partners Law Firm
Permata Kuningan Building, 6th Floor,
Jl. Kuningan Mulia Kav. 9C
Guntur, Setiabudi, Jakarta Selatan 12980
Tel. : (021) 39838679
Services Provided :
In 2023, the Bank did not have any fixed agreements or contracts that refer to a
certain period of assignment/periodic (retainer) in the framework of using/utilizing the
services of Legal Consultants, Appraisers, and Notaries as Capital Market Supporting
Professionals
SSF Law Firm & Partners Assegaf Hamzah & Partners
Gedung Arva, 3rd Floor, Capital Place Level 36 & 37,
Jl. Cikini Raya No. 60, Central Jakarta 10330 Jl. Jend. Gatot Subroto Kav. 18,
Tel. : (021) 3905930 South Jakarta - 12710
Tel. : (021) 25557800
Suhendra & Partners
Up. Yandi Suhendra Hadiputranto Hadinoto & Partners
Taman Dutamas, (HHP Law Firm)
Jl. Kusuma 1 Blok B1/18 Kelurahan Wijaya Kusuma, Pacific Century Place Level 35, Sudirman
Kecamatan Grogol Petamburan Jakarta Barat 11460 Central Business District Lot 10,
Tel. : 081901133888 Jl. Jend. Sudirman Kav 52 - 53,
South Jakarta - 12190
James Purba & Partners Tel. : (021) 29608888
Up. James Purba
Wisma Nugraha Santosa, 8 Floor, Suit 807,
Jl. Jend. Sudirman, Kav, 7-8 Jakarta 10220
Tel. : (021) 570 3844
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 147
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Performance Management Report Company Profile Management Discussion and Analysis
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Corporate
Website
The information on the PT Bank Syariah Indonesia Tbk website complies with the provisions governed by the Financial
Services Authority Regulation No. 8/POJK.04/2015 concerning Issuer or Public Company Websites, including:
1. General Information for Issuers and Public Companies
2. Information for investors
3. Corporate Governance Information
4. Corporate Social Responsibility Information
Providing this information also demonstrates the principle of openness in corporate management, as outlined in Law
No. 14 of 2008, dated April 30, 2008, concerning the Openness of Public Information. The public can access all of this
information by visiting the website www.bankbsi.co.id.
Information Link
General Information www.bankbsi.co.id
Name, address, and contact of head www.bankbsi.co.id
office/representative
A brief history of the company https://www.bankbsi.co.id/company-information/tentang-kami
Organizational structure https://www.bankbsi.co.id/company-information/tentang-kami
Ownership structure https://www.bankbsi.co.id/company-information/struktur-kepemilikan
Name of subsidiaries, associated PT Bank Syariah Indonesia Tbk tidak memiliki perusahaan anak
companies, and joint ventures
Group Structure PT Bank Syariah Indonesia Tbk tidak memiliki perusahaan anak
Profile of Directors, Board of https://www.bankbsi.co.id/company-information/direksi-
Commissioners, Committees, and dewan?corporateType=Dewan%20Direksi
Corporate Secretary
Name and address: public accountant, https://www.bankbsi.co.id/company-information/profil-penunjang
securities rating agency, trustee,
securities administration bureau,
Articles of Association documents
148 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Information Link
Information For Investors https://ir.bankbsi.co.id/
Public offering prospectus https://ir.bankbsi.co.id/misc/Prospektus/Prospektus-Hijrah.pdf
Annual Report (5 years) https://ir.bankbsi.co.id/annual_reports.html
Financial report https://ir.bankbsi.co.id/financial_reports.html
Information on the General Meeting of https://ir.bankbsi.co.id/general_meeting.html
Shareholders (GMS) at least include
the agenda items discussed at the GMS,
a summary of the minutes of the GMS,
and information on important dates, i.e.,
the date of the announcement of the
GMS, the date of the GMS invitation,
the date of the GMS, and the date the
summary of the minutes of the GMS is
announced
Share Highlights https://ir.bankbsi.co.id/stock_chart_interactive.html
Bonds Highlights https://ir.bankbsi.co.id/bond_info.html
Dividend Information https://ir.bankbsi.co.id/dividend.html
Corporate Action Information https://ir.bankbsi.co.id/corporate_action.html
Material Fact Information https://ir.bankbsi.co.id/regulatory_filings.html
Corporate Governance Information https://www.bankbsi.co.id/company-information/tata-kelola
Charter of the Board of Commissioners, https://www.bankbsi.co.id/company-information/tata-kelola/komite/
Board of Directors, Committees, and nominasi&remunerasi
Internal Audit Unit
https://www.bankbsi.co.id/company-information/tata-kelola/komite/audit
Appointment/Dismissal, or vacancy of https://www.bankbsi.co.id/company-information/tata-kelola/sekretaris_perusahaan
the Corporate Secretary and supporting
information
Internal Audit Charter https://ir.bankbsi.co.id/misc/Piagam-Audit-Intern.pdf
Content of the Code of Conduct https://www.bankbsi.co.id/company-information/tata-kelola/dokumen/kode_etik
Appointment and dismissal of the Audit https://www.bankbsi.co.id/company-information/tata-kelola/komite/audit
Committee
Description of the Nomination and https://www.bankbsi.co.id/company-information/tata-kelola/komite/
Remuneration Procedure, if the nominasi&remunerasi
Nomination and Remuneration
Committee has not been established
Risk Management Policy https://www.bankbsi.co.id/company-information/tata-kelola/dokumen/kebijakan_
management_resiko
Mechanism Policy on Violations https://www.bankbsi.co.id/company-information/tata-kelola/dokumen/whistle_
Reporting System blowing_system
Anti-Corruption Policy https://www.bankbsi.co.id/company-information/tata-kelola/dokumen/kebijakan_
anti_fraud
Corporate Social Responsibility https://www.bankbsi.co.id/company-information/csr
Information
Environmental https://www.bankbsi.co.id/company-information/csr
Employment, health, and safety practices https://www.bankbsi.co.id/company-information/csr
Social and Community Development https://www.bankbsi.co.id/company-information/csr
Product and/or Service Responsibilities https://www.bankbsi.co.id/company-information/csr
and Supporting Information
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 149
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04 MANAGEMENT DISCUSSION AND ANALYSIS
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Economic and Industry
Overview
BSI’s improved performance in 2023, especially in
terms of profit which grew 33.88%, was supported
by significant achievements from all business
segments.
GLOBAL ECONOMIC ANALYSIS These conditions affect the potential slowdown in
The global economic recovery in 2023 continues, albeit global inflation reduction, which is also accompanied
not as swiftly as initially forecasted, in line with a “higher by tight labor market conditions in the US and
for longer” interest rate environment and escalating Europe. In response, global central banks are raising
geopolitical tensions. The global economic recovery their benchmark interest rates, thus keeping global
has been ongoing since early 2023, coinciding with the benchmark interest rates at high levels. The increase
easing of mobility restrictions following the end of the in benchmark interest rates, particularly in advanced
Covid-19 pandemic. The economy of the United States economies such as the US and Europe, is expected to
(US) continues to improve, supported by household help lower inflation rates towards central bank targets,
consumption and the domestic services sector, albeit at the expense of restraining economic growth.
thus contributing to the global economic recovery.
Meanwhile, the growth of the Chinese economy is not Meanwhile, inflation in developing countries including
as robust as initially projected, driven by the persisting Indonesia has decreased more rapidly, resulting in a
crisis in its property sector, albeit showing signs of less aggressive increase in benchmark interest rates
improvement. in 2023 compared to advanced economies. This has
implications for narrowing the interest rate spread.
Supply chain disruptions continue to diminish despite Additionally, the condition of benchmark interest rates
the ongoing sanctions against Russia. The improvement in advanced economies is forecasted to persist for an
in the supply chain facilitates the normalization of extended period, accompanied by an increase in yields
commodity prices, although this progress is hindered by of government bonds, particularly US Treasury bonds.
increased global uncertainty due to the ongoing Russia- This situation drives a reversal of capital flows from
Ukraine conflict and the escalation of the Israel-Hamas emerging markets to advanced economies, thereby
conflict in late Q3 2023. Additionally, the decline in oil strengthening the dollar index.
prices is also restrained by the oil production cuts by
OPEC in March 2023, which are expected to continue On the other hand, global financial stability, especially
voluntarily until 2024. in the US, also drew public attention during 2023. The
collapse of Silicon Valley Bank (SVB) and concerns
Furthermore, the El Niño phenomenon since mid-2023 regarding the US debt ceiling led to a downgrade in
has impacted crop yields, leading to an increase in global the credit rating of US bonds, although the risk of US
food prices. This increase is exacerbated by India’s ban default was avoided. Furthermore, the declaration of
on rice exports until the end of 2023, as India is the bankruptcy by Evergrande, a Chinese property company,
largest rice producer. also raised concerns about global financial stability.
Nevertheless, the relevant governments responded
effectively to these conditions, preventing a crisis.
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NATIONAL ECONOMIC ANALYSIS expiration of the base effect from the non-subsidized
The domestic economy maintains robust growth and fuel price hike in 2022, amidst risks of price increases
resilience against the global economic downturn. due to El Niño and imported inflation.
The sustained global economic recovery has led to
a decline in the performance of the external sector With these inflation developments, Bank Indonesia’s
amidst continued solid domestic demand, supported by BI 7-Day Reverse Repo Rate (BI7DRR) increased by
improving mobility following the Covid-19 pandemic. only 50 bps throughout 2023, reaching 6.00%. The rate
The government transitioned the pandemic status to hike aims to keep inflation controlled within the target
an endemic state effective from early 2023, further range and is in line with efforts to minimize the impact
stimulating domestic economic recovery. Economic of imported inflation and maintain external stability
growth is also propelled by sustained consumer amidst the depreciation of the Rupiah exchange rate.
confidence throughout the year, with the services sector
expanding alongside increased mobility and various Overall, in 2023, non-residents continued to register
international events, such as the ASEAN summit and inflows in the government bond market despite outflows
the FIFA U-17 World Cup. Consequently, the domestic in the stock market. However, consistent outflows
economy grew by 5.05% YoY in 2023. have occurred since August 2023 in both the stock
and government bond markets, although there were
Domestic economic growth is also bolstered by inflows in the stock market towards the end of the year
maintained purchasing power and price stability, in line with the rise of the Composite Stock Price Index.
reflected in the continuously declining inflation rate, This reversal of capital flows has contributed to the
which has remained within the target range of 3±1% depreciation of the Rupiah exchange rate, exacerbated
as of May 2023. Low inflation is also attributed to the by increased uncertainty in the global financial markets.
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ECONOMIC AND INDUSTRY
OVERVIEW
Macroeconomic liquidity in the domestic economy banking assets reached Rp11.984 trillion in December
is considered adequate. On average, money supply 2023, growing by 5.91% YoY. Meanwhile, total Third
continues to grow positively, and the ratio of Liquid Party Funds (DPK) increased by Rp317 trillion, or 3.82%
Assets to Third Party Funds (AL/DPK) remains high. YoY, in line with the public’s preference for storing
Adequate liquidity is also supported by the government’s assets in banking products due to the uncertainty of the
net expansion through the state budget (APBN) from pandemic situation in Indonesia. Credit disbursements
late Q3 2023 until the end of the year, amidst liquidity continue to grow, reflected in the national credit
absorption through the issuance of securities, which had disbursement increase of Rp681 trillion, or 10.37% YoY.
a contraction effect on liquidity. The resurgence of credit disbursements is supported
by the recovery of community economic activities
With these developments, various policies have been alongside the relaxation of mobility restrictions,
implemented by relevant authorities to maintain accompanied by incentives from the government and
the stability of the Rupiah and promote economic other regulators such as Bank Indonesia in accelerating
growth. Synergy between the Government and Bank national economic recovery.
Indonesia in the Inflation Control Team and the National
Movement for Food Inflation Control in various regions On the other hand, the banking sector’s health remains
continues to be carried out to maintain inflation stability. maintained, reflecting efficiency in supporting business
Additionally, several policies such as the issuance of sustainability during the pandemic. The Capital
Government Regulations related to Export Earnings in Adequacy Ratio (CAR) stood at 27.6% in December
Natural Resources (DHE) and the introduction of new 2023, above the minimum BASEL III requirement of
instruments such as Bank Indonesia Rupiah Securities 10%. Additionally, the liquidity ratio (AL/DPK) remained
(SRBI), Bank Indonesia Foreign Currency Securities stable at 28.7%. Meanwhile, the banking efficiency
(SVBI), and Bank Indonesia Foreign Currency Sukuk ratio remains good as reflected in the Operating Cost/
(SUVBI) have been launched to maintain the stability Operating Income (BO/PO) ratio of 79.94% (<80%),
of the Rupiah exchange rate and deepen the financial but higher than the position at the end of 2022
market. Furthermore, structural reforms such as the which reached 78.64%. Loan quality ratios remained
downstreaming program are continually promoted by preserved, supported by restructuring incentives
the Government to strengthen the domestic economy’s provided by the Financial Services Authority (OJK)
fundamentals and ensure its resilience. Economic growth during the Covid-19 pandemic. The Non-Performing
is also continuously driven by various policies, including Loan (NPL) ratio recorded at 2.2% (gross) or 0.7% (net).
strengthening the implementation of Macroprudential
Liquidity Incentive Policies (KLM), relaxing down The positive performance of the banking industry
payment provisions for credit/financing, and easing the throughout 2023 is also attributed to the development
Loan/Financing to Value ratio, which have the potential of the national Islamic banking industry. The merger
to boost bank credit/financing distribution. Moreover, of Bank Syariah Mandiri, BNI Syariah, and BRISyariah
Indonesia began its carbon market in September 2023, into PT Bank Syariah Indonesia Tbk (BSI) in February
advancing Indonesia’s policies towards sustainability. 2021 has been one of the drivers of the Islamic banking
industry’s performance. The consolidation of these
ANALYSIS OF THE NATIONAL AND three state-owned Islamic banks resulted in a bank that
ISLAMIC BANKING INDUSTRY ranks among the top 10 national banks. The merger also
The performance of the banking industry throughout changed the landscape of the Islamic banking industry,
2023 demonstrates resilience, characterized by the with BSI commanding a 39.6% market share of the
continued effectiveness of intermediation functions and national Islamic banking industry with assets amounting
controlled credit risks in the post-Covid-19 era. Total to Rp353.62 trillion as of December 2023.
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Total assets of Islamic banks reached Rp892.2 trillion Islamic banking health levels remained well-preserved
in December 2023, growing by 11.21% YoY. Fund during the Covid-19 pandemic. The CAR ratio stood
mobilization also recorded positive performance. Third- at 25.41% in December 2023. (BO/PO) ratio recorded
party funds of Islamic banks increased by Rp65 trillion at 78.97% in December 2023, slightly lower than the
to Rp684.5 trillion in December 2023, growing by BOPO ratio of the national banking industry. Meanwhile,
10.49% YoY in line with increasing public trust in Islamic the quality of Islamic banking financing also showed
banking products supported by improved infrastructure positive performance. The gross Non-Performing
and digital access services. The market share of Islamic Financing (NPF) ratio improved from 2.41% at the end
banking third-party funds to national banking third- of 2022 to 2.17% in December 2023, better than the
party funds reached 7.9%. Meanwhile, in terms of national banking industry.
financing, disbursements increased by Rp77 trillion,
reaching Rp568.4 trillion in December 2023, growing Furthermore, government support through Ministry
by 15.72% YoY. The market share of Islamic banking of State-Owned Enterprises directives and increasing
financing to national banking financing reached 8.1%. public awareness of halal matters also contributed to
the growth of Islamic banking business in 2023.
ANALYSIS OF BANK SYARIAH INDONESIA’S POSITION IN THE BANKING INDUSTRY
The following is a detailed comparison of the performance growth of PT Bank Syariah Indonesia Tbk (BSI) against the
Islamic banking and national banking industries as of December 2023:
(in %)
Indicator Bank Syariah Indonesia Sharia Banking National Banking
Assets 15.67 11.21 5.91
Financing 15.70 15.72 10.37
Third Party Funds 12.35 10.49 3.82
Equity 15.62 8.66 9.17
Net Income 33.88 7.94 19.63
Source: SPI and SPS - Financial Services Authority (SPS OJK), December 2023
BSI’s asset growth reached 15.67%, higher than the Islamic banking asset growth of 11.21%. On the other hand, BSI’s
financing growth reached 15.70%, above the growth of Islamic banking and national banking of 15.72% and 10.37%
respectively.
This was also the case with the growth of third party funds. BSI’s performance reached 12.35%, above the growth of
Islamic banking of 10.49% and national banking growth of 3.82%. BSI’s net profit growth reached 33.88%, higher than
Islamic banking at 7.94%, and national banking at 19.63%.
Growth Chart of National Banking Performance, Islamic Banking, and Bank Syariah Indonesia
Assets Financing Third Party Funds Equity Net Income
(%) (%) (%) (%) (%)
15.67 11.21 5.91 15.70 15.72 10.37 12.35 10.49 3.82 15.62 8.66 9.17 33.88 7.94 19.63
National Banking
National Banking
National Banking
National Banking
National Banking
Sharia Banking
Sharia Banking
Sharia Banking
Sharia Banking
Sharia Banking
BSI
BSI
BSI
BSI
BSI
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Performance Review
Per Business Segment
The consumer sector’s profit after zakat and tax
performance, which reached Rp2.59 trillion, was
the largest among other business lines.
PT Bank Syariah Indonesia Tbk divides its operating segments into several segments, namely Wholesale Banking,
Institutional Relations, Retail, and Treasury Banking & Head Office. A detailed description of the performance of each
of these segments is provided below.
WHOLESALE BANKING
BSI’s wholesale business segment serves business entities such as State-Owned Enterprises (SOEs) and their
subsidiaries, Regional-Owned Enterprises (ROEs) and their subsidiaries, state institutions, multinational companies,
as well as banks and non-bank financial institutions (including non-linkage venture capital). Included in this segment
are syndicated financing, listed companies, local governments, hospitals, public and private universities, and securities.
The products and services provided in this segment are described in the table below.
Product Service
Investment Financing Financing for the purpose of investment in business premises, business capital or other means of
production in accordance with sharia principles.
Working Capital Financing Financing for the purpose of business working capital with a scheme according to Sharia
principles.
Supply Chain Financing Financing provided to Business Partners (suppliers/ buyers/ contractors) of BSI’s main customers.
Trade Financing Financing provided for the purposes of Export/Import both through the issuance of LC and
guarantees (Bank Guarantee/SBLC).
Custody Securities depository services, transactions and administration of various sharia securities in the
capital market.
Trustee Trustee is a service to represent the interest of sukuk holders in a sukuk issuance in the sharia
capital market.
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STRATEGY IN 2023 PERFORMANCE IN 2023
In 2023, Bank Syariah Indonesia has implemented a
number of strategies to sustain wholesale banking Portfolio
performance. Among others: In 2023, the distribution of financing from the wholesale
1. Strengthening Wholesale-Retail collaboration as segment reached Rp67.51 trillion, an increase of
an entry gate to work on the business potential 18.06%, or Rp10.33 trillion, compared to 2022, which
of companies or agencies that become wholesale amounted to Rp57.18 trillion. The quality of wholesale
customers, such as the potential for payroll financing has improved, marked by a decrease in the
business, employee financing, pawning, and funding ratio of non-performing financing (NPF) from 3.68% in
products. 2022 to 2.84% in 2023.
2. Increasing customer base and deepening
relationships with customers through the Third Party Funds (DPK) for the wholesale segment also
development of transactional banking capabilities increased by Rp14.60 trillion, from Rp14.74 trillion in
and value chain expansion. 2022 to Rp29.34 trillion in 2023.
3. Simplifying and accelerating the overall financing
process while still prioritizing prudential principles. Profitability
4. Increasing collaboration with all business units In terms of profitability, profit after zakat and tax
to market BSI products and the application of recorded by the wholesale segment reached Rp956
Customer Profitability Analysis (CPA). billion, an increase of Rp455.66 billion compared to the
5. Enhancing the role of syndication either as arranger, position in 2022 of Rp500.34 billion. The increase in
agent or participant (agency function in Sharia profit was mainly due to the improvement in financing
Financial Institutions). quality, which resulted in savings in CKPN expenses of
Rp438.27 billion and also an increase in other operating
income of Rp201.69 billion.
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PERFORMANCE REVIEW
PER BUSINESS SEGMENT
Performance of the Wholesale Banking Segment
(Rp Million, unless otherwise stated)
Growth
Description 2023 2022
(Rp) (%)
Total Financing 67,511,016 57,184,185 10,326,831 18.06
NPF (%) 2.84 3.68 - (0.84)
Total TPF 29,344,706 14,740,954 14,603,752 99.07
Net Revenue from Fund Management *)
1,548,491 1,519,665 28,826 1.90
Other Operating Income 462,241 260,548 201,693 77.41
Operating Expense (288,578) (202,283) (86,295) 42.66
Allowance for Impairment Losses (CKPN) (469,760) (908,036) 438,274 (48.27)
Expenses
Profit after deduction of Zakat and Taxes 956,000 500,338 455,662 91.07
*) Including internal transfer pricing components between operating segments
INSTITUTIONAL RELATIONS
The Institutional Relationship business segment is currently focused on managing customer funds and other
transactions belonging to customers of Government Ministries/Agencies, State-Owned Enterprises (SOEs), Public/
Private Universities, Hospitals, and Certified Private Institutions.
The products and services provided by the Institutional Relationship business segment until the end of the 2023 fiscal
year are detailed in the following table.
Product Description
Institutional Current Third-party fund products that assist customers in conducting company financial transactions
Accounts, Deposits, and for.
Savings
Government Current Giro to meet the needs of state ministries / state institutions / work units.
Accounts
Cash Management System Cash Management System services, consisting of Account Receivable Management, Account
(CMS) Liquidity Management, and Account Administration and Information, where users can directly
access customer accounts and conduct banking transactions according to available BSI Cash
Management features via the internet network.
BSI e-Health Medical application owned by SIMRS vendors that combine hospital system solutions with
cashless transactions in hospitals/clinics under one platform.
BSI Institutional Payments BSI payment system for institutional customers to receive payments from consumers/customers/
(BPI) patients through Bank channels.
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STRATEGY FOR 2023
1. The fund-raising strategy for 2023 continues to prioritize organic DPK growth with a healthy and sustainable
composition through the growth of low-cost funds (CASA).
2. The primary focus in 2023 is to reduce the Cost of Fund through the expansion of low-cost funds, namely current
accounts and savings accounts, while reducing expensive funds while maintaining Bank liquidity to remain healthy
according to regulatory requirements.
3. Increasing existing institutional customer funds, reducing customer concentration risk, and gradually reducing
the portion of expensive funds or deposits, both for regular institutional customers and new customers, thereby
reducing profit-sharing burdens.
4. Engaging in business synergy with the parent company through the utilization of the customer base, joint
marketing, the development and enhancement of the value chain with State-Owned Enterprises (BUMN).
5. Adding new sources of funds to serve as entry points for BSI products to government ministries/agencies, State-
Owned Enterprises (BUMN), State/Private Universities, Hospitals, and Genuine Private Companies in selected
sectors.
PERFORMANCE IN 2023
Portfolio
In 2023, total funds raised by the institutional relationship segment reached Rp79.77 trillion. This amount increased
by 3.10% compared to 2022 of Rp77.37 trillion.
Profitability
In 2023, the profit after deduction of zakat and taxes recorded by the institutional relations segment was Rp187.21
billion. The amount was lower compared to the position in 2022 of Rp331.96 billion. The decrease was mainly due to
the increase in the cost of funds in 2023 compared to 2022.
Performance of the Institutional Relations Segment
(Rp Million, unless otherwise stated)
Growth
Description 2023 2022
(Rp) (%)
Total TPF 79,770,650 77,370,904 2,399,746 3.10
Net Revenue from Fund Management*) 329,935 498,031 (168,096) (33.75)
Operating Expenses (84,689) (67,091) (17,598) 26.23
Profit after deduction of Zakat and Taxes 187,206 331,959 (144,753) (43.61)
*) Including internal transfer pricing components between operating segments
RETAIL SEGMENT
Business activities in the retail segment include business services for Small Medium Enterprise (SME), Micro and
Consumer. This operating segment is the dominant one in terms of financing distribution.
STRATEGY IN 2023
In general, strategies in the retail operations segment implemented by BSI include:
1. Increasing the quota of People’s Business Credit (KUR).
2. Optimizing linkage financing to the Sharia Financial Institution Sector, such as BMT, KSPPS, and Sharia
Cooperatives.
3. Developing a retail business ecosystem framework with a partnership business model with partner companies
that function as availst and off takers.
4. Fostering and educating MSME customers in increasing business capacity and managing sustainable business so
that MSME customers can upgrade.
5. Establishing cooperation with government agencies and Laznas, which functions as an incubator for new retail or
MSME customers.
6. Digital financing distribution through e-commerce and digital platforms.
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PERFORMANCE REVIEW
PER BUSINESS SEGMENT
A. SMALL MEDIUM ENTERPRISE (SME)
The SME segment serves financing for productive purposes to individuals, individual firms, private companies both
legal entities and non-legal entities, universities and secondary education, hospitals and clinics, cooperatives, as well
as financing through linkage patterns via nucleus plasma, BPRS, LKM/LKMS, and other financial institutions. Until the
end of the 2023 fiscal year, the products and services provided by this business segment are outlined in the following
table.
Product Description
General Product
Investment Financing facilities provided by the Bank to meet the investment needs of customers or potential
customers, including investment in business premises, business vehicles, or business equipment.
This includes investment for the development of business premises and plantation development.
Working Capital Financing facilities provided by the Bank to meet the working capital needs of customers or
potential customers, including working capital for business, working capital in the form of
overdraft financing, or working capital based on contracts. This includes working capital for
financial institutions such as cooperatives and LKM/LKMS.
Refinancing Financing facilities provided by the Bank based on Sharia principles in the form of new financing
for new customers or customers who have not yet settled previous financing. Customers sell
their ownership shares (hishah owned by customers) of MMQ assets to the Bank, making the
MMQ object jointly owned by the Bank and the customer.
Special Product
BSI Mitra Edu Financing facilities provided for the construction or renovation of school/campus buildings,
refinancing of school/campus building assets, land purchase, and purchase of other fixed assets
including equipment for teaching and learning facilities or operational vehicles.
BSI Mitra Alkes Financing facilities provided for the acquisition of new medical equipment for customers or
potential customers from the healthcare sector.
BSI Beragun Tunai Financing facilities provided to meet the needs of customers or potential customers for financing
with cash collateral.
BSI Beragun Emas Financing facilities provided to meet the productive or consumptive needs of customers or
potential customers with gold collateral bound by a rahn contract, where the pawned gold is
stored by the Bank for a certain period.
BSI Investasi Terikat Financing facilities with the placement of funds sourced from owners of tied investments
managed by the Bank as collateral for financing provided to customers for a specific period based
on a restricted mudharabah contract.
BSI Mitra SPBU Financing facilities provided to gas station entrepreneurs for both working capital needs
(purchase of fuel) and investment needs (purchase of new gas stations, construction of new gas
stations, or renovation and replacement of gas station equipment).
BSI Mitra Developer Working capital financing facilities for housing construction developers to meet the needs of
ready stock houses and those without indent house facilities.
BSI Mitra Plasma Sawit Financing facilities through partnership schemes for cooperatives partnering with core
companies (Single Management) aimed at project financing for plantation development (both
new plantations and replanting/rejuvenation) or financing the transfer of cooperative debt from
Core Companies and/or other banks.
BSI Mitra Kopkar Financing provided to Employee Cooperatives (Kopkar) for cooperative financing to members
(PKPA) channeled through cooperatives from an institution or company to meet the collective
needs of its members.
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Product Description
BSI Mitra Linkage Financing facilities provided to BPRS and LKM/LKMS acting as agents/guardians to be
redistributed to BPRS and LKM/LKMS members through channeling or executing patterns.
BSI Mitra SBSN Working capital financing facilities provided to Service Providers (Contractors) for infrastructure
projects funded by Shariah Securities of the State (SBSN).
BSI Talangan Financing facilities for the transfer of payment for special Hajj costs from Special Hajj Travel
Pelunasan Agencies with a minimum composition of 70% of pilgrims required to make initial deposits at BSI.
BPIH Khusus
Strategy for 2023
1. Acquisition of New Business Plantations (Palm Ecosystem, BSI Vendor Ecosystem, Corporate Ecosystem, Travel
Ecosystem, Clinic & Hospital Ecosystem, and Hiswana Migas Ecosystem).
2. Acquisition of New Sawit Group.
3. Champion-Based Regional Product Programs.
4. Optimization of SME Engine.
5. Business Gathering (Clinic Entrepreneurs, Medical Equipment Suppliers, Schools, Vendors, Contractors, Travel
Agencies, Hiswana Migas, etc.).
Performance in 2023
PORTFOLIO
Micro sector financing increased by 22.26%, or Rp4.17 trillion, from Rp18.74 trillion in 2022 to Rp22.91 trillion in
2023. The non-performing financing (NPF) ratio has improved, from 2.84% in 2022 to 2.13% in 2023.
PROFITABILITY
In terms of profitability, profit after deduction of zakat and taxes recorded by the micro sector in 2023 was Rp58.75
billion. The increase in CKPN expenses in 2023 had an impact on the profit in 2023 which was lower than the position
in 2022 of Rp112.06 billion. The increase in CKPN expenses was due to an increase in the micro CKPN rate and an
increase in the amount of financing written off.
Performance of the Micro Sector
(Rp Million, unless otherwise stated)
Growth
Description 2023 2022
(Rp) (%)
Total Financing 19,345,720 18,904,947 440,773 2.33
NPF (%) 4.08 4.57 - (0.49)
Total TPF 5,844,913 5,389,831 455,082 8.44
Net Revenue from Fund Management *)
893,407 905,068 (11,661) (1.29)
Other Operating Income 486,262 58,555 427,707 730.43
Operating Expenses (406,136) (336,414) (69,722) 20.73
CKPN Expenses (421,220) (526,431) 105,211 (19.99)
Profit after deduction of Zakat and Taxes 421,601 77,631 343,970 443.08
*) Including internal transfer pricing components between operating segments
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PERFORMANCE REVIEW
PER BUSINESS SEGMENT
B. MICRO
Services in BSI’s micro sector are designed to serve individual customers and micro-entrepreneurs, including the
distribution of subsidized financing to support the government’s program in empowering community businesses.
Furthermore, deposit products and other banking services are tailored to meet the needs of each customer.
As of December 31, 2023, the products and services offered by the Micro business segment are described in the table
below.
Product Description
BSI Usaha Mikro Working capital and/or investment financing for individual customers, businesses, or groups
engaged in productive activities, with or without collateral, at commercial margins (without
subsidies).
KUR People’s Business Credit (KUR), hereinafter referred to as KUR, is working capital and/or
investment financing for individual customers, businesses, and/or productive business groups
who are eligible but do not have additional collateral or have insufficient additional collateral.
(Subsidized Margin Program by the Government).
KUR Super mikro Distribution of KUR provided to KUR recipients with amounts up to Rp10 million.
KUR Mikro Distribution of KUR provided to KUR recipients with amounts above Rp10 million and up to
Rp100 million.
KUR Kecil Distribution of KUR provided to KUR recipients with amounts above Rp100 million and up to
Rp500 million.
KUR Pekerja Migran Distribution of KUR provided to Indonesian Migrant Workers/Prospective Indonesian Migrant
Indonesia (PMI) Workers.
Strategy for 2023 3. Improvement of Financing Quality
1. Business Improvement & Product Revitalization a. Emphasis on management of current and non-
a. Optimization of government program current customer accounts
distribution b. Continuous monitoring of guarantee claim
b. Revitalization of BSI Micro Business products discipline
c. Kick-off of Indonesian Migrant Worker (PMI) c. Implementation of Micro Financing Control
KUR Product Officer (MFCO) responsible for Post Booking
d. Expansion of acquisition channels through Review
SalamDigital website optimization d. Formation of a collection squad for financing
e. Increase in the number of customers and Third- collectibility level 2 at the Area level
Party Funds (DPK) 4. Enhancement of Human Resources Quality
2. System & Business Processes Improvement and equalization of human resource
a. Refinement of micro financing administrative competencies through continuous training and
digitalization socialization, related to products, analysis, and
b. Development of automation for guarantee specific commodities.
claim and Host to Host restructuring
c. Refinement of Host to Host Guarantee Claim Performance in 2023
d. Development of pipeline monitoring in i-Kurma
(originating system) up to the Regional level PORTFOLIO
Micro sector financing increased by 22.26%, or Rp4.17
trillion, from Rp18.74 trillion in 2022 to Rp22.91 trillion
in 2023. The non-performing financing (NPF) ratio has
improved, from 2.84% in 2022 to 2.13% in 2023.
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PROFITABILITY
In terms of profitability, profit after deduction of zakat and taxes recorded by the micro sector in 2023 was Rp58.75
billion. The increase in CKPN expenses in 2023 had an impact on the profit in 2023 which was lower than the position
in 2022 of Rp112.06 billion. The increase in CKPN expenses was due to an increase in the micro CKPN rate and an
increase in the amount of financing written off.
Performance of the Micro Sector
(Rp Million, unless otherwise stated)
Growth
Description 2023 2022
(Rp) (%)
Total Financing 22,912,195 18,740,411 4,171,784 22.26
NPF (%) 2,13 2,84 - (0.71)
Total TPF 3,033,938 1,506,242 1,527,696 101.42
Net Revenue from Fund Management *)
1,277,435 1,091,279 186,156 17.06
Other Operating Income 94,227 7,247 86,981 1200.26
Operating Expenses (684,856) (572,157) (112,700) 19.70
CKPN Expenses (609,842) (380,900) (228,941) 60.11
Profit after deduction of Zakat and Taxes 58,750 112,057 (53,307) (47.57)
*) Including internal transfer pricing components between operating segments
C. CONSUMER
The consumer business segment focuses on consumptive/multipurpose purposes, including serving home,
multipurpose vehicles, pensioners, financing cards, gold installments and gold pawning, and government program
financing.
Up to the end of the 2023 fiscal year, the products and services provided by the consumer business segment are as
described in the following table.
Product Description
BSI Griya Financing facility for the purpose of purchasing a residential house/shop house/office house, as
well as the construction of a house with the condition of a new house, second house, or ready-to-
built plots.
BSI Oto Financing facility for the purpose of owning motor vehicles, both 2-wheeled and 4-wheeled
motor vehicles.
BSI KPR Sejahtera Financing facility issued by Bank Syariah Indonesia with the support of FLPP and channeled to
MBR in the context of ownership of flats.
BSI Mitraguna Berkah Financing facility provided to State Civil Apparatus (ASN) and permanent employees of
companies/State institutions/Foundations/other business entities, carried out in bulk or
individual proposals.
BSI Pensiun/Pra Pensiun Financing facility provided to monthly pension beneficiaries through BSI as the paying office, or
Berkah ASN employees entering retirement age.
Strategy in 2023
1. Customer target focus on PNS/ASN employees, selected SOEs, selected hospitals, selected private Companies,
Taspen pensioners and Asabri pensioners through strengthening data analytics and pipeline management in
increasing the penetration rate.
2. Expand consumer marketing channels through digital platforms, developers, and third-party partners.
3. Accelerate business processes and improve customer solutions to meet customer needs.
4. Strengthen collaboration with wholesale and funding to work on employees from companies or agencies.
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PERFORMANCE REVIEW
PER BUSINESS SEGMENT
Performance in 2023
PORTFOLIO
Total financing in the consumer sector in 2023 increased by Rp17.67 trillion. In 2022, total consumer financing was
Rp112.88 trillion, and in 2023, total financing reached Rp130.55 trillion. The non-performing financing (NPF) ratio in
2023 was relatively stable at 1.37%.
PROFITABILITY
In 2023, profit after deduction of zakat and taxes in the consumer sector reached Rp2.59 trillion, an increase of
Rp476.18 billion compared to the position in 2022 of Rp2.11 trillion. The increase in profit was mainly due to the
increase in net revenue from fund management and the recovery of written-off financing.
Performance of the Consumer Sector
(Rp Million, unless otherwise stated)
Growth
Description 2023 2022
(Rp) (%)
Total Financing 130,547,113 112,875,313 17,671,799 15.66
NPF (%) 1.37 1.35 - 0,02
Net Revenue from Fund Management *)
5,993,761 5,437,836 555,925 10.22
Other Operating Income 813,435 325,219 488,216 150.12
Operating Expenses (2,291,600) (1,815,069) (476,531) 26.25
CKPN Expenses (1,124,379) (1,205,641) 81,262 (6.74)
Profit after deduction of Zakat and Taxes 2,588,644 2,112,467 476,177 22.54
*) Including internal transfer pricing components between operating segments
D. RETAIL FUNDS
The service focus for the retail funds sector is divided into 2 (two): payroll and non-payroll. Payroll serves the salary
payments of Ministry or Civil Service employees, State-Owned Enterprises (BUMN), hospitals, and targeted private
sector employees. Meanwhile, non-payroll serves customer types such as entrepreneur associations, communities,
clinics, and cooperatives.
Products and services provided in the retail funds sector include deposits & payroll solutions, which are detailed until
the end of the 2023 fiscal year as follows:
Product Description
BSI Tabungan Easy Wadiah Rupiah Savings with Wadiah Yad Dhamanah contract, using a deposit scheme without profit
sharing.
BSI Tabungan Easy Mudharabah Muthlaqah Savings, where “Customers as fund owners grant discretion to the Bank
Mudharabah as fund managers to use the funds in Shariah-compliant and profitable ventures through a profit-
sharing system.”
BSI Tabungan Bisnis Rupiah savings tailored for entrepreneurial segment customers for transaction convenience.
BSI Tabungan Payroll BSI Payroll Savings is a savings account specifically designed for Payroll Customers with 4 (four)
different account management fee variations based on the agreement between BSI and the
institution.
BSI Tabungan Valas Savings in US dollars where withdrawals and deposits can be made anytime or according to Bank
regulations.
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Product Description
BSI Tabungan Haji Indonesia Rupiah or USD savings for pilgrimage (hajj and umrah) planning.
BSI Tabungan Haji Muda Savings in the form of Indonesian Rupiah or US dollars for pilgrimage (hajj and umrah) planning
Indonesia for children (under 17 years old).
BSI Giro Rupiah & Valas Facilities for storing funds for ease of transactions under Wadiah Yad Dhamanah and Mudharabah
Mutlaqah contracts.
BSI Deposito Fixed-term investments in Indonesian Rupiah managed according to the principles of Mudharabah
Muthlaqah.
Strategy in 2023
1. Collaborating with Ministries and Institutions in distributing employee payroll.
2. Collaborating with State-Owned Enterprises (BUMN) and groups in distributing employee payroll.
3. Collaborating with Hospitals and Doctors in distributing employee payroll.
4. Providing special products for entrepreneurs, namely BSI Business Savings, with the advantage of free BI Fast
transaction fees 50 times per month via BSI Mobile.
5. Targeting business segments in the culinary and clinic sectors by providing QRIS services.
6. Collaborating with entrepreneur associations and associations to develop ecosystem-based businesses.
Performance in 2023
PORTFOLIO
In 2023, total Third Party Funds (TPF) raised by the retail fund sector reached Rp176.69 trillion. This achievement
increased by 8.03% or Rp13.13 trillion compared to 2022 of Rp163.56 trillion.
PROFITABILITY
In terms of profitability, the retail fund sector’s profit for the year was recorded at Rp1.80 trillion. Net revenue from
fund management increased by Rp676.92 billion from Rp3.51 trillion in 2022 to Rp4.18 trillion in 2023. Operating
expenses also increased by Rp229.94 billion, from Rp1.88 trillion in 2022 to Rp2.11 trillion in 2023.
Performance in the Retail Fund Sector
(Rp Million, unless otherwise stated)
Growth
Description 2023 2022
(Rp) (%)
Total TPF 176,695,052 163,560,686 13,134,366 8.03
Net Revenue from Fund Management*) 4,184,692 3,507,775 676,917 19.30
Other Operating Income 285,960 295,702 (9,742) (3.29)
Operating Expenses (2,113,176) (1,883,238) (229,938) 12.21
Profit after deduction of Zakat and Taxes 1,799,550 1,479,187 320,364 21.66
*) Including internal transfer pricing components between operating segments
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PERFORMANCE REVIEW
PER BUSINESS SEGMENT
TREASURY BANKING & HEAD OFFICE SEGMENT
The Treasury Banking & Head Office segment serves products outside of financing, deposit products, and non-deposit
products. The Treasury segment is related to the bank’s treasury activities including foreign exchange transactions,
money markets, fixed income, and capital markets.
Meanwhile, the Head Office segment is related to asset and liability management other than those managed by other
operational segments, including receiving cost allocations for centralized service provision to other segments, as well
as income/expenses not allocated to other segment reporting.
Throughout 2023, the Bank has products and services in the other business segment which include:
Product Description
Foreign Exchange 1. General Foreign Exchange (DU)/Telegraphic Transfer (TT)
Transactions Contract used: Al Sharf
Bank Syariah Indonesia serves foreign exchange transactions for purchasing/selling foreign
currency according to customer needs with a specific time period. Today transactions for
same-day delivery, Tomorrow (Tom) transactions for delivery after one working day, and Spot
transactions for delivery after two working days.
2. BSI Shariah Hedging Simple & Complex
Contracts used: aqd’ al-Tahaww al-basith, Aqd al-Tahawwuth al-Murakkab
Bank Syariah Indonesia serves foreign exchange transactions conducted to mitigate the risk
of exchange rate changes for specific currencies in the future.
3. Foreign Currency Banknotes
Contract used: Al Sharf
Bank Syariah Indonesia serves foreign currency banknote transactions (bank notes)
including withdrawals, deposits, as well as buying and selling against the Indonesian Rupiah.
Sharia Securities Transactions Shariah Securities Transactions (Sukuk)
Serving the investment needs based on Shariah instruments for institutional and individual
customers. Shariah instruments include Shariah Sovereign Securities (SBSN) and Shariah
Corporate Securities. Types of SBSN accessible to customers include Retail Sukuk (SR), Project-
Based Sukuk (PBS), Shariah State Treasury Bills (SPNS), and USD Denominated SBSN (INDOIS).
Investments can be made by customers through the Primary Market and Secondary Market.
Islamic Money Market 1. BSI Deposito on Call (DOC)
Transactions Contract used: Mudharabah Mutlaqah. DOC is a deposit product with a specific amount and
a minimum period of 1 (one) day up to 28 (twenty-eight) calendar days, with a profit-sharing
rate that refers to daily placements at Bank Indonesia.
2. Interbank Mudharabah Investment Certificate (IMA Certificate)
3. Interbank Shariah-based Fund Management Certificate (SiPA Certificate)
4. Shariah REPO
5. Shariah Commodity Trading Certificate (SiKA Certificate)
6. Indonesian Bank Shariah Bonds (SUKBI)
7. Shariah Mutual Funds
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Strategy in 2023
In 2023, the strategies implemented for the Treasury & Head Office Segment include:
1. Creating new alternative products to enable the Bank to become a “Market Maker” for SiPA, Retail Sukuk, DOC
(Rupiah and Foreign Currency), and SiKA.
2. Developing alternative institutional fund-raising through the Wakalah Bi Al-Istitsmar contract.
3. Organizational structure improvement.
4. Building human resource competencies based on industry needs.
5. Initiatives to improve returns (revamping underlying RDPUS and RDPT).
6. Program for increasing bank investment returns with alternative products (RDT).
7. Retailization of INDOIS transactions for individual customers.
Performance in 2023
In 2023, the treasury banking & head office segment’s net revenue from fund management will be Rp1.86 trillion.
This revenue was lower than the Rp2.05 trillion generated in 2022. Other operating income was Rp2.06 trillion in
2023, down from Rp2.75 trillion in 2022. In terms of expenses, operating expenses and ckpn expenses in 2023 were
Rp638.92 billion and Rp730.51 billion lower than those in 2022.
Performance of the Treasury Banking and Head Office Segment
(Rp Million, unless otherwise stated)
Growth
Description 2023 2022
(Rp) (%)
Net Revenue from Fund Management*) 1,861,513 2,046,055 (184,542) (9.02)
Other Operating Income 2,062,340 2,753,840 (691,500) (25.11)
Operating Expenses (4,380,169) (5,019,085) 638,916 (12.73)
CKPN Expenses 2,721 (727,789) 730,510 (100.37)
Profit after deduction of Zakat and Taxes (477,351) (938,445) 461,094 (49.13)
*) Including internal transfer pricing components between operating segments
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Financial
Performance Review
BSI managed to record a net profit of Rp5.70
trillion, higher by Rp1.44 trillion compared to the
previous year.
This financial performance description is based on the Financial Statements of PT Bank Syariah Indonesia Tbk (“Bank
Syariah Indonesia,” “BSI,” or “Bank”), which are presented in accordance with Indonesian Financial Accounting
Standards (FAS) for the fiscal year ending December 31, 2023. by KAP Tanudiredja, Wibisana, Rintis & Rekan (member
firm of PwC global network) audited the financial statements and provided a fair opinion on all material aspects.
ASSET PERFORMANCE
In 2023, BSI’s total assets reached Rp353.62 trillion, an increase of 15.67%, or Rp47.90 trillion, from the previous
year’s total assets of Rp305.73 trillion. The increase in assets was mainly due to the growth of Rp32.12 trillion in net
financing and Rp13.33 trillion in net securities investment.
(Rp Million)
Description 2023 2022 2021
Cash 5,255,841 4,951,469 4,119,903
Current Accounts and Placements with Bank Indonesia 32,440,778 31,778,458 20,563,580
Current Accounts and Placements with Other Banks – Net 2,303,728 2,475,917 1,841,551
Investment in Marketable Securities – Net 71,169,020 57,841,271 67,579,070
Acceptance Receivables 426,916 476,589 159,880
Total Receivables-Net 132,360,158 120,701,979 98,336,983
Funds of Quardh - Net 10,489,164 8,867,013 9,081,400
Mudharabah Financing - Net 1,831,652 1,001,957 1,592,314
Musyrakah Financing - Net 83,756,501 66,450,946 53,903,123
Assets Acquired for Ijarah - Net 2,190,107 1,484,573 901,565
Fixed Assets and Right of Use Assets - Net 5,352,843 5,396,010 3,871,257
Intagible Assets - Net 1,128,334 258,688 184,696
Deferred Tax Assets 1,665,694 1,675,103 1,445,324
Other Assets - Net 3,253,388 2,367,465 1,708,435
TOTAL ASSETS 353,624,124 305,727,438 265,289,081
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Cash Current Accounts and Placement at Other
The Bank’s total cash in 2023 was Rp5.25 trillion, an Bank -Net
increase of 6.15%, or Rp304,37 billion, compared to Net current accounts and placements with other banks
2022. In 2023, the cash composition was Rp4.91 trillion amounted to Rp2.3 trillion in 2023, a decrease of Rp172
in Rupiah currency and Rp343.41 billion in foreign billion from Rp2.48 trillion in 2022. The decrease
currency. was mainly due to the placement of SIMA (Interbank
Mudharabah Investment Certificate) at Rp690 billion
Current Accounts and Placements at Bank and SIPA (Interbank Fund Management Certificate
Indonesia Based on Sharia Principles) at Rp684 billion, however
In 2023, current accounts and placements with Bank placements in current accounts from other banks
Indonesia amounted to Rp32.44 trillion. The position increased by Rp1.20 trillion.
increased by 2.08%, or Rp662.32 billion, compared
to 2022. The placements with BI for 2023 included a Investment in Securities - Net
Wadiah Current Account with BI of Rp17.09 trillion, a BI The Bank’s net securities investment value in 2023 was
Sharia Savings Facility (FASBIS) of Rp4.50 trillion, and a Rp71.17 trillion, an increase of 23.04%, or Rp13.33
Foreign Currency Term Deposit of Rp10.85 trillion. trillion, from the previous year, which was Rp57.84
trillion. This increase was primarily due to investment in
Bank Indonesia Sukuk (SukBI).
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Acceptances Receivable - Net Fixed Assets and Right of Use Assets - Net
The Bank Syariah Indonesia’s net acceptance receivables In 2023, the Bank’s total fixed assets and rights-of-use
in 2023 were Rp426.92 billion, which includes Rp344.94 assets net were Rp5.35 trillion. Compared to 2022,
billion for SKBDN Usance Imports and Rp81.97 billion the net fixed assets and right-of-use assets decreased
for SKBDN Usance Exports. On a year-on-year (yoy) by 0.80%, or Rp43.17 billion. The decrease was mainly
basis, the net acceptance receivables decreased by from Right of Use Assets-Neto amounting to Rp77.45
10.42%, or Rp49.67 billion, from Rp476.59 billion in billion, but on the other hand there was an increase in
2022. Fixed Assets-Neto amounting to Rp34.28 billion.
Account Receivables - Net Intangible Assets-Net
In 2023, Bank Syariah Indonesia’s net receivables Net intangible assets increased from Rp258.69 billion
amounted to Rp132.36 trillion, a 9.66% increase from in 2022 to Rp1.13 trillion in 2023. The increase in net
Rp120.70 trillion in 2022. The economic sectors that intangible assets was mainly due to computer software
experienced the largest increase were the consumer Standardization in 2023.
sector at Rp8.11 trillion and the agriculture sector at
Rp1.72 trillion.
Deferred Tax Assets
Qardh Loan - Net Deferred tax assets were recorded at Rp1.67 trillion
Net Qardh loans were recorded to have increased by in 2023, a decrease of Rp9.41 billion from 2022. The
18.29%, or Rp1.62 trillion, from Rp8.87 trillion in 2022 decrease in deferred tax assets was contributed by a
to Rp10.49 trillion in 2023. The consumer and industrial reduction in the value of leased liabilities and employee
sectors experienced the largest increases, in the amount benefit obligations.
of Rp1.17 trillion and Rp402.57 billion, respectively.
Other Assets - Net
Mudharabah Financing - Net Total net other assets in 2023 were recorded at Rp3.25
In 2023, the Bank’s net Mudharabah financing was trillion, an increase of Rp885.92 billion from Rp2.37
Rp1.83 trillion, an increase of 82.81%, or Rp829.70 trillion in 2022. The increase in net other assets was
billion, from Rp1 trillion in 2022. The increase was mainly due to an increase in prepaid expenses of
mainly from the financial intermediary sector which Rp453.53 billion and claims to third parties of Rp192.86
increased by Rp783 billion. billion.
Musyarakah Financing - Net LIABILITIES
Net Musyarakah financing was Rp83.76 trillion in 2023, The total liabilities recorded by Bank Syariah Indonesia
an increase of 26.04%, or Rp17.31 trillion, from Rp66.45 at the end of the 2023 period were Rp87.22 trillion.
trillion in 2022. The consumer economics sector This value has increased by Rp13.57 trillion since 2022.
contributed the largest portion of the increase, with a The main factor contributing to the Bank’s liabilities in
Rp8.76 trillion increase, followed by the transportation 2023 was a total of Rp11.90 trillion in liabilities to Bank
sector with Rp2.89 trillion and the construction sector Indonesia. In addition, Wadiah deposits increased by
with Rp2.60 trillion. Rp1.86 trillion compared to the same period last year.
Assets Acquired for Ijarah - Net
Assets obtained for net ijarah in 2023 amounted to
Rp2.19 trillion, an increase of 47.52%, or Rp705.53
billion, from Rp1.48 trillion in 2022. The increase was
primarily due to the construction sector, which grew by
Rp915 billion.
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Detail of Liabilities
(Rp Million)
Description 2023 2022 2021
Immediate Liabilities 1,316,067 1,009,502 608,554
Unshared Profit Sharing 255,932 192,775 158,478
Total Wadiah Deposits 67,873,898 66,012,257 57,247,890
Deposit from Other Bank 1,761,301 2,218,697 115,938
Liabilities to Bank Indonesia 11,900,055 - -
Acceptance Liabilities 431,228 481,403 161,495
Tax Payable 539,042 667,485 504,078
Estimated Employee Benefits Liability 667,264 689,018 836,491
Estimated losses on commitments and contingencies 32,017 28,873 17,194
Other Liabilities 2,446,107 2,355,781 2,236,358
TOTAL LIABILITIES 87,222,911 73,655,791 61,886,476
Obligations Due Immediately Acceptance Payables
In 2023, the position of obligations due immediately Acceptance payables in 2023 were recorded at
was Rp1.32 trillion, an increase of Rp306.57 billion Rp431.23 billion, which included Usance Import SKBDN
from Rp1.01 trillion in 2022. Components of obligations acceptance payables of Rp348.43 billion and Usance
due immediately that have increased include ATM Export SKBDN acceptance payables of Rp82.80 billion.
transaction liabilities of Rp137.76 billion, online On a year-over-year (yoy) basis, acceptance payables
channel liabilities of Rp120.48 billion, and Bank Zakat of decreased by 10.42%, or Rp50.17 billion, from Rp481.40
Rp48.33 billion. billion in 2022.
Accrued Profit Sharing Taxes Payable
The amount of profit sharing that has not yet been In 2023, tax payable was recorded at Rp539.04 billion,
distributed in 2023 was Rp255.93 billion. This value a decrease of Rp128.44 billion from Rp667.48 billion
has increased by 32.76%, or Rp63.16 billion, from its in 2022. The decrease was primarily due to Article 29
position in 2022. This increase was consistent with the Income Tax Payable of Rp176.62 billion. On the other
growth of third-party funds collected by the Bank and hand, tax payable under Articles 4 (2) and Article 21
the increase in Mudharabah Deposits in 2023. increased by Rp23.38 billion and Rp12.64 billion,
respectively.
Wadiah Deposits
Wadiah Deposits obtained by the Bank in 2023 Estimated Employee Benefits Obligation
amounted to Rp67.87 trillion, an increase of 2.82%, The estimated position of employee benefits obligations
or Rp1.86 trillion, from Rp66.01 trillion in 2022. The in 2023 decreased by Rp21.76 billion, or 3.16%,
increase was due to an increase in Wadiah Deposits compared to 2022. Employee benefits obligations were
of Rp2.81 trillion, while Wadiah Current Accounts estimated to reach Rp667.26 billion in 2023, compared
decreased by Rp950.33 billion. to Rp689.02 billion in 2022.
Deposits from Other Banks Estimated Losses on Commitments and
Deposits with other banks amounted to Rp1.76 trillion Contingencies
in 2023, a decrease of 20.62%, or Rp457.40 billion, from The estimated total loss on commitments and
Rp2.22 trillion in 2022. The decrease was mainly due contingencies in 2023 was Rp32.02 billion, an increase
to the Interbank Mudharabah Investment Certificate of 10.89%, or Rp3.15 billion, from the position in 2022,
(SIMA), which amounted to Rp446.82 billion. which was Rp28.87 billion. The allowance for write-offs
of LC receivables increased by Rp1.84 billion, while the
allowance for write-offs of guarantees increased by
Rp1.31 billion.
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Other Liabilities TEMPORARY SYIRKAH FUND
Total other liabilities in 2023 amounted to Rp2.45 Bank Syariah Indonesia’s temporary syirkah funds
trillion, an increase of 3.83%, or Rp90.33 billion, from in 2023 amounted to Rp227.66 trillion. This income
Rp2.36 trillion in 2022. The increase was primarily due increased by 14.65%, or Rp29.10 trillion, from 2022,
to prepaid revenue in the amount of Rp184.05 billion. which was Rp198.57 trillion. The increase was due to
However, liabilities to vendors decreased by Rp86.53 growth in non-bank temporary syirkah funds, which
billion. rose by Rp30.42 trillion year on year (yoy).
Detail of Temporary Syirkah Fund
(Rp Million)
Description 2023 2022 2021
Mudharabah Current Account 32,353,865 22,723,088 13,281,319
Mudharabah Savings 77,700,070 72,269,706 64,538,367
Mudharabah Deposits 115,848,096 100,485,930 98,183,782
Total Non-Bank Temporary Syirkah Funds 225,902,031 195,478,724 176,003,468
Total Non-Bank Temporary Syirkah Funds 780,203 933,938 1,010,203
Subordinated Sukuk Mudharabah 200,000 1,375,000 1,375,000
Issued Sukuk Mudharabah 3,608 - -
Borrowings 776,250 778,375 -
TOTAL TEMPORARY SYIRKAH FUNDS 227,662,092 198,566,037 178,388,671
Mudharabah Current Account Bank Temporary Syirkah Fund
The position of Mudharabah Current Accounts in 2023 In 2023, the amount of bank temporary syirkah funds
reached Rp32.35 trillion, an increase of 42.38%, or was recorded at Rp780.20 billion, a 16.46% decrease,
Rp9.63 trillion, from Rp22.72 trillion in 2022. The or Rp153.74 billion from Rp933.94 billion in 2022. The
increase was primarily due to Mudharabah Current decrease was mainly due to bank deposits of Rp137.72
Accounts denominated in foreign currency. billion.
Mudharabah Savings Subordinated Sukuk Mudharabah
The position of Mudharabah Savings in 2023 reached In 2023, a subordinate mudharabah sukuk matured at
Rp77.70 trillion in 2023, an increase of 7.51%, or Rp5.43 Rp1.38 trillion. On December 15, 2023, Bank BSI issued
trillion, from Rp72.27 trillion in 2022. The increase was Rp200 billion in Subordinated Mudharabah Sukuk with
primarily due to Mudharabah Savings in Rupiah. a 5-year term.
Mudharabah Deposits EQUITY
The position of Mudharabah Deposits in 2023 reached Bank Syariah Indonesia’s equity increased by 15.62%, or
Rp115.85 trillion in 2023, an increase of 15.29%, or Rp5.23 trillion, from Rp33.51 trillion in 2022 to Rp38.74
Rp15.36 trillion, from Rp100.49 trillion in 2022. The trillion in 2023. The increase in Bank Syariah Indonesia’s
increase was primarily due to Mudharabah Deposits in equity was mainly due to an increase in profit from last
Rupiah. year and the current year.
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Detail of Equity
(Rp Million)
Description 2023 2022 2021
Paid-Up Capital 23,064,630 23,064,630 20,564,654
Additional Paid-Up Capital (3,929,100) (3,929,100) (6,366,776)
Gain on revaluation on fixed asset 444,530 444,530 444,530
Remeasurement of Post Employment Benefits Obligation 241,462 268,904 140,271
Net Securities Profit/(loss) 6,154 (55,477) 22,263
Retain Earnings
· Appropriated 2,236,713 1,384,677 779,036
· Unappropriated 16,674,732 12,327,446 9,429,956
TOTAL EQUITY 38,739,121 33,505,610 25,013,934
PROFIT AND LOSS PERFORMANCE
Bank Syariah Indonesia managed to record a net profit of Rp5.70 trillion in 2023. This achievement increased by
33.88%, or Rp1.44 trillion, compared to the net profit in 2022, which was Rp4.26 trillion.
(Rp Million)
Description 2023 2022 2021
Total Bank’s Income from Fund Management as Mudharib 22,251,743 19,622,865 17,808,432
Third Party Rights on Profit Sharing of Temporary Syirkah Funds (5,993,168) (4,032,169) (4,378,807)
Profit Sharing Rights of the Bank 16,258,575 15,590,696 13,429,625
Other Operating Income 4,204,466 3,701,111 3,012,246
Operating Expenses (10,249,204) (9,895,336) (8,782,773)
Net Impairment Losses (CKPN) of Earning Assets and Non- (2,622,479) (3,748,797) (3,551,249)
Earning Assets
Operating Profit 7,591,358 5,647,674 4,107,849
Non-operating Income - Net (2,156) 8,534 (45,641)
Profit Before Zakat and Tax Expense 7,589,202 5,656,208 4,062,208
Zakat (189,730) (141,405) (101,684)
Tax Expense (1,695,729) (1,254,621) (932,319)
Net Profit 5,703,743 4,260,182 3,028,205
Net Other Comprehensive Income After Tax 34,189 50,893 189,591
Total Comprehensive Profit 5,737,932 4,311,075 3,217,796
Diluted Earnings per Share (in full Rupiah) 123.65 102.54 73.66
Total Bank Income from Fund Management as Mudharib
The Bank’s income from managing funds as Mudharib in 2023 reached Rp22.25 trillion, an increase of 13.40%, or
Rp2.63 trillion, from Rp19.62 trillion in 2022. Business growth and maintaining financing quality were driving an
increase in fund management income in Mudharib in 2023.
Third Party Rights on Profit Sharing of Temporary Syirkah Funds
In 2023, third-party rights to profit sharing from temporary syirkah funds increased by 48.63%, or Rp1.96 trillion,
from Rp4.03 trillion in 2022 to Rp5.99 trillion. The increase was dominated by profit sharing on deposits and
mudharabah current accounts amounting to Rp1.27 trillion and Rp423.82 billion, respectively, in line with the growth
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of outstanding deposits and mudharabah current accounts which increased by Rp15.36 trillion and Rp9.63 trillion,
respectively. In addition, the Bank obtained PASBI and SIMA facilities, which increased third-party rights to profit
sharing from temporary Syirkah funds of Rp292.71 billion in 2023.
Other Operating Income
Other business income reached Rp4.20 trillion in 2023, an increase of 13.60%, or Rp503.36 billion, from Rp3.70
trillion in 2022. This increase was due to a growth in income from the disposal of securities amounting to Rp114.19
billion, income from rahn amounting to Rp88.82 billion, income from export and import services amounting to Rp62.15
billion, and revenues from receivables and financing that have been written off amounting to Rp77.68 billion.
Operating Expenses
The Bank’s operating expenses in 2023 amounted to Rp10.25 trillion, an increase of 3.58%, or Rp353.87 billion, from
Rp9.90 trillion in 2022. Promotion expenses and depreciation expenses on fixed assets were the components that had
the largest increase of Rp135.88 billion and Rp176.57 billion, respectively.
CASH FLOW
At the end of the 2023 fiscal year, the position of cash and cash equivalents was Rp40.02 trillion, an increase of 2.04%,
or Rp799.67 billion from Rp39.22 trillion in the 2022 fiscal year. The net cash flow from financing and operating
activities was positive, in the amount of Rp10.16 trillion and Rp2.04 trillion, respectively. Meanwhile, cash flow from
investment activities was negative, in the amount of Rp11.40 trillion.
(Rp Million)
Description 2023 2022 2021
Cash Flow from Operating Activity 2,041,035 1,885,530 16,696,794
Cash Flow from Investing Activity (11,404,359) 5,994,708 (16,591,024)
Cash Flow from Financing Activities 10,162,997 4,798,909 (77,929)
Net Increase in Cash and Cash Equivalents 799,673 12,679,147 27,841
Cash & Cash Equivalents at the Beginning of the Year 39,221,419 26,542,272 26,514,431
Cash & Cash Equivalents at the End of the Year 40,021,092 39,221,419 26,542,272
Cash Flow from Operating Activities
Net cash flow from operating activities in the 2023 fiscal year was Rp2.04 trillion, an increase of Rp155.50 billion from
Rp1.89 trillion in the 2022 fiscal year. The increase was mainly due to a growth in fund distribution income and other
operating income earned by the Bank in 2023.
Cash Flow from Investing Activities
The net cash flow for investment activities in 2023 of minus Rp11.40 trillion. The use of cash for investment activities
in 2023 is dominated by investment in securities placement. Meanwhile, in 2022, the Bank carried out many securities
sales/disposal activities, resulting in a positive cash flow value.
Cash Flow from Funding Activities
The net cash flow from financing activities in the fiscal year 2023 was Rp10.16 trillion, an increase of Rp5.36 trillion
from the fiscal year 2022, which was Rp4.80 trillion. Cash obtained mainly from new funding activities, namely PASBI,
amounted to Rp11.90 trillion. On the other hand, there is a subordinated Mudharabah Sukuk maturing at Rp1.38
trillion.
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ANALYSIS OF THE QUALITY OF EARNING ASSETS AND FINANCIAL RATIOS
Analysis of the Quality of Earning Assets
The Bank’s total earning assets in 2023 were recorded at Rp316.95 trillion, an increase of 17.03%, or Rp46.12 trillion,
from Rp270.83 trillion in 2022. This increase was mainly due to a growth in receivables distribution and financing of
Rp32.58 trillion. In addition, securities ownership increased by Rp12.08 trillion.
The quality of earning assets in 2023 was getting better compared to 2022. This was reflected in the Gross NPF ratio,
which increased/decreased from 2.42% in 2022 to 2.08% in 2023.
Financial Ratio Analysis
In general, Bank Syariah Indonesia’s financial ratios in 2023 indicated good results. The table below summarizes the
comparison of financial ratios for 2023, 2022, and 2021.
Key Financial Ratios Development
%
Description 2023 2022 2021
Capital Adequacy Ratio (CAR) 21.04 20.29 22.09
Non Performing Financing (NPF) gross 2.08 2.42 2.93
Non Performing Financing (NPF) net 0.55 0.57 0.87
Return On Assets (ROA) 2.35 1.98 1.61
Return On Equity (ROE) 16.88 16.84 13.71
Net Return (NI) 5.82 6.31 6.04
Operating Expenses to Operating Income (BOPO) 71.27 75.88 80.46
Cost to Income Ratio (CIR) 49.86 51.01 52.57
Financing to Deposit Ratio (FDR) 81.73 79.37 73.39
Percentage of Excess of Legal Lending Limit 0.00 0.00 0.51*)
Minimum Statutory Reserves - Rupiah 6.76 8.30 5.05
Minimum Statutory Reserves - Foreign Exchange 1.13 1.18 1.03
Net Open Position 2.47 0.57 0.27
*) The excess occurred on December 31, 2021, as a result of the establishment of the Ultra Micro BUMN Holding, in which the Government
designated PT Bank Rakyat Indonesia (Persero) Tbk (“Bank BRI”), one of BSI’s shareholders, as the Parent of the Holding, resulting in BSI Related
Parties being PT Permodalan Nasional Madani (Persero) and PT Pegadaian (Persero), both of which are customers of PT Bank Syariah Indonesia
Tbk.
OTHER FINANCIAL PERFORMANCE INFORMATION
Profit Sharing Distribution
The following is a report on the distribution of BSI profit sharing in the last two years.
Profit Sharing Distribution Report
(Rp Million)
2023 2022
Types of Funds Collection Average Balance Shared Income Average Balance Shared Income
A B A B
Liabilities to Other Banks 389,564 2,930 505,342 3,923
Mudharabah Current Account 30,295,642 227,875 21,156,445 164,251
Mudharabah Savings 72,646,672 546,426 67,774,706 526,180
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(Rp Million)
2023 2022
Types of Funds Collection Average Balance Shared Income Average Balance Shared Income
A B A B
Mudharabah Deposits 104,125,452 783,200 95,227,878 739,316
Securities issued 200,000 1,504 1,375,000 25,046
Financing Received 776,250 5,839 778,375 6,043
Total 208,433,580 1,567,774 186,817,746 1,464,759
(Rp Million)
2023 2022
Types of Funds Collection Average Balance Shared Income Average Balance Shared Income
A B A B
Placements at Other Banks 349,737 - 197,851 37
Securities owned 47,197,896 246,704 58,176,123 232,171
Murabaha Receivables 127,477,713 1,049,102 117,533,174 1,021,453
Istishna Receivables 32 8 145 136
Multijasa Receivables 207,950 1,975 - -
Pawn Financing - - - -
Mudharabah Financing 1,770,933 6,591 1,100,513 8,360
Musyarakah Financing 81,363,476 530,526 69,055,621 425,908
Lease Financing 2,260,540 14,527 1,396,011 12,138
Other Financing - - - -
Total 260,628,277 1,849,433 247,459,438 1,700,203
Sources and Distribution of Zakat
Total zakat receipts in 2023 increased by 21.62%, or Rp45.78 billion. Zakat receipts reached Rp257.50 billion in 2023,
an increase from Rp211.72 billion in 2022. The growth in bank profits resulted in an increase in the bank’s internal
zakat of Rp48.33 billion.
The zakat funds that the Bank has successfully distributed were also increased, from Rp170.77 billion in 2022 to
Rp205.88 billion in 2023.
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Zakat Sources and Distribution Development
(Rp Million)
Description 2023 2022 2021
Sources of Zakat Funds
Bank internal 189,730 141,405 101,684
Bank external 67,772 70,317 57,218
Total Zakat Receipt 257,502 211,722 158,902
Distribution of zakat funds
Distributed to other institutions (205,881) (170,771) (127,611)
Increase in zakat funds 51,621 40,951 31,291
Opening balance of zakat funds 145,153 104,202 72,911
Ending Balance of Zakat Funds 196,774 145,153 104,202
Sources and Utilization of the Benevolence Fund
The total benevolence fund receipts in 2023 were Rp83.59 billion, which came from infaq and alms, fines, and non-
halal income. Benevolence fund receipts in 2023 were lower than in 2022, due to a decrease in infaq and alms receipts
of Rp9.91 billion.
The use of benevolence funds in 2023 was realized through donations in the amount of Rp80.74 billion. Therefore, the
benevolence fund’s ending balance in 2023 was recorded at Rp9.91 billion.
Sources and Utilization of the Benevolence Fund Development
(Rp Million)
Description 2023 2022 2021
Opening balance of benevolence fund 7,048 25,977 12,900
Source of benevolence fund
Infaq and alms 63,947 73,857 50,280
Fine 17,915 12,877 14,329
Non-halal income 1,733 3,168 7,898
Others - - 99
Total Receipt 83,595 89,902 72,606
Utilization of the Benevolence Funds
Productive benevolence fund - - -
Donation (80,736) (108,831) (59,529)
Other uses for public purposes - - -
Total Utilization (80,736) (108,831) (59,529)
(Decrease)/increase in benevolence funds 2,859 (18,929) 13,077
Ending balance of benevolence fund 9,907 7,048 25,977
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ABILITY TO REPAY DEBTS
The Bank’s ability to fulfill all long-term and short-term obligations from an internal perspective can be measured
through liquidity ratios and solvency ratios. Externally, Pefindo and Fitch determined a rating for Bank Syariah
Indonesia for the issuance of Subordinated Sukuk Mudharabah.
Ability to Repay Short-Term Debts (Bank Liquidity)
Bank liquidity is influenced by the financing structure, asset liquidity, third-party obligations, and debtor financing
commitments. The Financing-to-Deposit Ratio (FDR) shows whether a bank’s liquidity is adequate. In 2023, the
Bank’s FDR was 81.73%, an increase of 2.36% from 79.37% in 2022.
Bank Liquidity Development
Ratio 2023 2022 2021
Financing to Deposit Ratio (FDR) 81.73% 79.37% 73.39%
Ability to Repay Long-Term Debts (Bank Solvency)
The Capital Adequacy Ratio (CAR) is used by banks to measure their solvency. The Bank ensures capital adequacy to
meet credit risk, market risk, and operational risk.
In 2023, the CAR ratio reached 21.04%, an increase of 0.75% from 2022, which was 20.29%. This ratio indicated that
the Bank’s solvency was good because it exceeded the regulator’s minimum CAR ratio requirement, allowing it to
anticipate all risks, including credit risk, market risk, and operational risk.
Bank Solvency Development
Ratio 2023 2022 2021
Capital Adequacy Ratio (CAR) 21.04% 20.29% 22.09%
Ability to Repay Debt on Issued Securities
The ability to pay debts is also reflected in the rating of Bank Syariah Indonesia’s issued securities, specifically
Subordinated Mudharabah Sukuk. Rating agencies assess the eligibility of securities that are issued on a regular basis.
The ability of the issuing company to pay for the securities at maturity, as well as the ability to pay interest or coupons
during the period of issuance, has a significant impact on the quality of the securities. Subordinated Mudharabah Sukuk
issued are listed on the Indonesia Stock Exchange, and Pefindo serves as the rating agency.
Ability to Repay Debt on Issued Securities Development
Rating Rating Agency
Description
2023 2022 2023 2022
BRIS Subordinated Mudharabah Sukuk 2016 A+ (idn) A+ PT Fitch PT Fitch
Ratings Ratings
Indonesia Indonesia
BSM Subordinated Mudharabah Sukuk 2016 idAA (sy) AA PEFINDO PEFINDO
BSI Subordinated Mudharabah Sukuk 2023 idAA (sy) - PEFINDO -
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Bank Profitability
Bank Syariah Indonesia’s profitability is measured using the following ratios:
Bank Profitability Ratio Development
Ratio 2023 2022 2021
Return on Assets (ROA) 2.35% 1.98% 1.61%
Return on Equity (ROE) 16.88% 16.84% 13.71%
Operating Expenses to Operating Income (BOPO) 71.27% 75.88% 80.46%
Bank Syariah Indonesia’s profitability ratio in general improved in 2023 compared to 2022. The return on assets ratio
was 2.35%, an increase of 0.37% from the previous year, which was 1.98%. The return on equity ratio increased by
0.04%, from 16.84% in 2022 to 16.88% in 2023. The BOPO ratio increased by 4.61%, from 75.88% in 2022 to 71.27%
in 2023.
Collectability Level Development
The calculation of the Bank’s non-performing financing ratio in 2023 and 2022 is based on Financial Services Authority
Circular Letter No. 10/SEOJK.03/2020, dated July 1, 2020, regarding Transparency and Publication of Reports of
Sharia Commercial Banks and Sharia Business Units.
Non-Performing Financing (NPF) Ratio
Ratio 2023 2022 2021
NPF-Gross 2.08% 2.42% 2.93%
NPF-Net 0.55% 0.57% 0.87%
The Bank’s non-performing financing ratio on a gross basis (before deducting allowance for impairment losses) in 2022
was 2.08%, an improvement of 0.34% from 2021, which was 2.42%. Meanwhile, the net non-performing financing
ratio decreased by 0.02%, from 0.57% in 2022 to 0.55% in 2023.
The level of collectibility of financing can be seen from the smoothness of disbursed financing payments. The following
table shows the financing by that have been disbursed, as well as their collectibility classification.
Financing Collectibility Level by Currency in 2023
(Rp Million)
Special
Description Current Sub-standard Doubtful Loss Total
Mention
Rupiah
Murabahah Receivables 131,312,555 2,168,075 845,358 679,468 1,415,388 136,420,844
Istishna Receivables 29 - - - 1 30
Qardh Receivables 9,012,625 42,477 5,655 8,962 278,640 9,348,359
Mudharabah Financing 1,816,788 33,101 - - 31,244 1,881,133
Musyarakah Financing 82,013,990 2,673,552 293,642 172,823 887,486 86,041,493
Ijarah 2,361,882 12,282 5,010 5,477 23,855 2,408,507
Foreign Exchange
Murabahah Receivables 82,252 - - - - 82,252
Istishna Receivables - - - - - -
Qardh Receivables 1,958,722 - - - - 1,958,722
Mudharabah Financing - - - - - -
Musyarakah Financing 1,840,910 - 333,794 - - 2,174,704
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(Rp Million)
Special
Description Current Sub-standard Doubtful Loss Total
Mention
Ijarah - - - - - -
Total Financing 230,399,752 4,929,487 1,483,459 866,731 2,636,614 240,316,044
CKPN 3,927,279 2,088,204 706,101 438,182 2,528,697 9,688,462
Net Financing 226,472,473 2,841,284 777,359 428,549 107,917 230,627,582
Receivables Collectibility Level by Currency in 2022
(Rp Million)
Special
Description Current Sub-standard Doubtful Loss Total
Mention
Rupiah
Murabahah Receivables 119,929,638 1,998,740 826,383 536,273 1,458,670 124,749,704
Istishna Receivables 129 3 - - - 132
Qardh Receivables 7,686,668 61,296 13,450 26,367 269,866 8,057,647
Mudharabah Financing 1,011,721 10,208 685 1,363 17,420 1,041,397
Musyarakah Financing 66,067,971 996,149 493,174 128,723 795,146 68,481,163
Ijarah 1,413,813 15,196 7,357 3,769 57,716 1,497,851
Foreign Exchange
Murabahah Receivables - 123,652 - - - 123,652
Istishna Receivables - - - - - -
Qardh Receivables 1,643,962 - - - - 1,643,962
Mudharabah Financing - - - - - -
Musyarakah Financing 1,720,815 - 388,533 - - 2,109,348
Ijarah - - - - - -
Total Financing 199,474,717 3,205,244 1,729,582 696,495 2,598,818 207,704,856
CKPN 4,361,431 1,000,834 1,034,974 336,701 2,464,448 9,198,387
Net Financing 195,113,286 2,204,410 694,608 359,794 134,369 198,506,469
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Growth in Collectibility of Receivables by Currency from 2023 to 2022
(Rp Million)
Special
Description Current Sub-standard Doubtful Loss Total
Mention
Rupiah
Murabahah Receivables 11,382,916 169,335 18,975 143,195 (43,282) 11,671,140
Istishna Receivables (101) (3) - - 1 (102)
Qardh Receivables 1,325,957 (18,819) (7,795) (17,405) 8,774 1,290,712
Mudharabah Financing 805,068 22,893 (685) (1,363) 13,824 839,736
Musyarakah Financing 15,946,020 1,677,403 (199,533) 44,099 92,340 17,560,329
Ijarah 948,069 (2,914) (2,347) 1,708 (33,861) 910,656
Foreign Exchange
Murabahah Receivables 82,252 (123,652) - - - (41,400)
Istishna Receivables - - - - - -
Qardh Receivables 314,760 - - - - 314,760
Mudharabah Financing - - - - - -
Musyarakah Financing 120,095 - (54,739) - - 65,357
Ijarah - - - - - -
Total Financing 30,925,035 1,724,243 (246,122) 170,236 37,796 32,611,188
CKPN (434,152) 1,087,370 (328,873) 101,481 64,249 490,075
Net Financing 31,359,187 636,873 82,751 68,755 (26,453) 32,121,113
CAPITAL
Policies and Reasons for Determining Policies
BSI’s capital management aims to protect the Bank’s ability to maintain business continuity. This allows the Bank
to continue to provide good returns for shareholders and benefits to other stakeholders while also maintaining an
optimal capital structure to reduce capital costs.
Bank Syariah Indonesia calculates capital adequacy using the provisions of Financial Services Authority Regulation
No. 21/POJK.03/2014 on Minimum Capital Requirements for Sharia Commercial Banks. In 2023, the capital adequacy
ratio, which includes credit, operational, and market risks, reached 21.04%, an increase compared to 2022, which was
20.29%. This ratio remains higher than the minimum capital adequacy ratio associated with the Bank’s risk profile of
9.99%.
Capital Structure
Bank Syariah Indonesia’s total capital, which includes core capital and supplementary capital, increased by 15.12%, or
Rp5.01 trillion, from Rp33.11 trillion in 2022 to Rp38.12 trillion in 2023. This increase was in line with the acquisition
of net profit in 2023, which was Rp5.70 trillion.
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Capital Structure Development
(Rp Million, unless stated otherwise)
Description 2023 2022
I Capital Component
A. Core Capital (Tier 1) 36,095,427 31,232,293
1.1 Paid-up capital 22,923,383 22,923,383
1.2 Disclosed Reserves: 15,503,653 10,242,699
1.2.1 Additional Factors 22,814,244 17,608,767
Potential gains from increasing the fair value of financial assets 6,154 -
measured at fair value through other comprehensive income
Surplus balance on revaluation of fixed assets 444,530 444,530
Agio ordinary shares 3,381,491 3,381,491
General Reserves 2,236,713 1,384,677
Retained earnings at the beginning of the year after tax 10,970,989 8,067,264
Profit for the year after tax (100%) 5,703,743 4,260,182
Stock options, which are issued as part of a share-based 70,623 70,623
compensation program
1.2.2 Deduction Factors -/- 7,310,591 7,366,068
Other Comprehensive Income: potential losses - 55,477
Other Disclosed Reserves 7,310,591 7,310,591
1.3 Main Core Capital Deduction Factor -/- 2,331,609 1,933,789
B. Supplementary Capital (Tier 2) 2,019,801 1,877,656
Capital instruments in the form of shares or others that meet the 200,000 252,083
requirements
Agio/Disagio - -
PPA general reserves for earning assets that must be established (maximum 1,819,801 1,625,573
1.25% RWA Credit Risk)
Appropriated reserves - -
II Total Core Capital, Supplementary, and Additional Supplementary Capital 38,115,228 33,109,949
III Risk Weighted Assets for Credit Risk 145,078,091 129,730,824
IV Risk Weighted Asset for Operational Risk 1,640,536 306,184
V Risk Weighted Asset for Market Risk 34,400,820 33,120,795
VI Total Risk – Weighted Assets 181,119,447 163,157,803
VII Capital Adequacy Ratio – Credit Risk 26.27% 25.52%
VIII Capital Adequacy Ratio – Credit and Operational Risks 25.98% 20.33%
IX Minimum Capital Adequacy Ratio 21.04% 20.29%
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MATERIAL COMMITMENT ON CAPITAL GOODS INVESTMENT
Until the end of 2023, BSI did not have material commitments for capital goods investments.
CAPITAL EXPENDITURES
In 2023, the Bank’s capital goods investment realization reached Rp1.65 trillion. The realization in 2023 was lower
than in 2022, which was Rp2.04 trillion. In 2023, the procurement of investment in land and building capital goods
decreased by Rp. 723.76 billion and Rp. 323.45 billion, respectively. Meanwhile, investment in capital goods, such as
assets in progress, increased by Rp592.52 billion.
Investment Objective
Supporting and sustaining the Bank’s overall operational activities.
Realization of Capital Expenditures
(Rp Million)
Type of Investment 2023 2022
Land 909 724,673
Building 4,096 327,544
Installation 22,110 22,062
Motor Vehicles 501 5,304
Office Investment 65,728 115,772
Software 276,241 144,715
Renovation of Leased Assets 13,023 27,861
Asset in Completion Process 1,266,390 673,866
Total 1,648,998 2,041,797
MATERIAL INFORMATION AND FACTS Facing global uncertainty, the national economy is
SUBSEQUENT TO AUDIT REPORT predicted to continue its positive growth in the range of
Bank Syariah Indonesia did not have any material 5-6%, as seen in 2023. Economic resilience is expected
information or facts after the accountant report date to continue. Consumption levels are projected to remain
that could have a significant impact on the Bank’s future strong amid tight global and domestic monetary policies.
performance or business risks. At the same time, there are changes to consider, such as
climate change risks, changes in consumer behavior, and
BUSINESS PROSPECT digitization. The national banking sector is expected to
continue to achieve positive growth, although it may
Economic Conditions in General potentially experience growth slowdown due to liquidity
In 2024, the global economy is predicted to slightly slow constraints. Political dynamics, namely the presidential
down due to the high benchmark interest rates of global election, are predicted to affect the slowdown of Third
central banks, which are expected to persist. Although Party Funds (DPK) and banking financing disbursement,
inflation is increasingly controlled, there are several especially due to the transitional period of government
things to be wary of, including the potential volatility and the National Medium-Term Development Plan
of commodity prices alongside the continued high (RPJMN) 2025-2029.
likelihood of escalation in global geopolitical tensions,
climate change risks, and El Nino weather disruptions
until the first half of 2024, which could impact the
deceleration of inflation decline. Furthermore, there is
a fiscal impact from the high interest rates that could
potentially increase the burden of national debt interest.
The level of global economic uncertainty is predicted to
persist with the implementation of the US election, with
expectations of monetary policy easing beginning in the
second half of 2024.
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BSI Strategy for 2023-2025 5. Enhancement of Islamic Ecosystem Penetration
Strategic Strategies and Policies 2023As an effort to In order to expand its business, the Bank accelerates
support business targets in financial year 2023 as well as the growth of the Islamic Ecosystem, encompassing
medium and long-term achievements, BSI has prepared ZISWAF (Islamic endowments), mosque economies,
strategic strategies and policies, among others: hospitals, Islamic schools, as well as Hajj and Umrah
1. Sustainable Business Growth businesses through the development of innovative
As an intermediary institution, the Bank manages platforms and solutions, along with effective
healthy and sustainable business growth with a acquisition strategies.
focus on products of high quality and optimal yield.
The Bank also strengthens funding by increasing COMPARISON OF TARGETS,
payroll acquisition, savings accounts, business REALIZATIONS, AND PROJECTIONS FOR
savings, Hajj savings, as well as increasing fee-based THE NEXT 1 (ONE) YEAR
income.
2. Enhancing Efficiency and Productivity Target and Realization
In enhancing efficiency and productivity, the Bank Overall, the Bank’s performance exceeded its set target
continues to streamline its branch network, evenly for 2023. BSI’s total assets in 2023 were Rp353.62
distribute locations (coverage), and evaluate low- trillion, or 105.15% of the target of Rp336,32 trillion.
performing branches. On the other hand, the
Bank increases productivity through employee Furthermore, the realization of Third-Party Funds (DPK)
redeployment while simultaneously upskilling and in 2023 amounted to Rp293,78 trillion, or 101.19%
reskilling employee capabilities. of the set target of Rp290,33 trillion. Additionally,
3. Increasing Product Holding Ratio financing was achieved at 100.55%, or Rp240.32 trillion,
The Bank strives to understand customer profiles compared to the 2023 target of Rp239.01 trillion.
to provide comprehensive product solutions and
services through strengthening data analytics, In December 2023, BSI recorded a net profit of Rp5.70
increasing digital adoption, and intensifying efforts trillion, or 110.72% of its target of Rp5.15 trillion.
towards existing customers, thus increasing the
Product Holding Ratio. BSI planned to raise Rp38.36 trillion in capital by
4. Business Digitalization December 2023. The realization was Rp38.74 trillion,
The Bank enhances business digitalization by or 100.99% of the target.
increasing active users of mobile banking, shifting
transactions from branches to electronic and
digital channels, and digitizing business processes.
This initiative aims to accelerate the achievement
of Service Level Agreement (SLA) for customer
services and increase the Bank’s fee-based income.
Table of Comparison of Target and Realization
(Rp Million, unless otherwise stated)
Description Target December 2023 Realization Desember 2023 Achievement (%)
Total Assets 336,318,248 353,624,125 105,15%
Third-Party Funds 290,333,436 293,775,930 101,19%
Financing 239,008,683 240,316,044 100,55%
Net Profit 5,151,419 5,703,743 110,72%
Capital 38,361,792 38,739,121 100,98%
Projections for the 2024 Financial Year
Based on the realized performance in 2023 and the conditions that will develop in 2024, the Bank projects business
targets as shown in the table below.
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Table of 2024 Projection & 2023 Realization
Description Projections 2024 Realization December 2023
NIM 5.30%-5.80% 5.82%
NPF Gross < 2% 2.08%
Cash Coverage 195%-198% 194.35%
Capital Adequacy Ratio (CAR) ~20% 21.04%
MARKETING ASPECT - The target audience refers to the intended
recipients of communication, including
Marketing Strategy Millennials. According to the 2020 Population
In the third year following the merger of the country’s Census conducted by the Indonesian Central
three largest sharia banks, namely Bank Syariah Statistics Agency, Indonesia’s population
Mandiri, BNI Syariah, and Bank BRIsyariah, Bank aged 24 to 39 years (millennial generation) is
Syariah Indonesia (BSI) strengthened its presence to approximately 68.9 million. Meanwhile, the
become the main Sharia bank of choice for Indonesians Ministry of Home Affairs reported that the
alongside other commercial banks. Bank Syariah population aged 10 to 24 (generation Z) was 69
Indonesia’s presence, which is easily accessible to million as of December 31, 2021. This makes the
the public through branch offices, offline and online millennial generation the driving force behind
events, and promotional and advertising materials, has Indonesia’s significant economic growth. The
increased public awareness of BSI. In addition, BSI’s customer mapping described above is required
digital application makes it easy for customers to make for developing and implementing appropriate
transactions and use banking services. content strategies and communication
channels.
In 2023, Bank Syariah Indonesia continued to raise 2. Mapping Product ChampΩh through two strategic
awareness of its products and services by carrying out pillars: Product Heroes and Socialization. The
a number of marketing strategies with the following selection of product heroes is based on business
objectives: growth objectives. Bank Syariah Indonesia aims
1. Developing Islamic banking literacy education. to increase Fee-Based Income (FBI) and Sharia
2. Raising awareness about BSI products. financing in its third year of operations. The
3. Increasing interest in BSI products. following are seven Product Heroes who will be at
4. Enhancing product conversions to drive BSI the center of marketing strategies in 2023:
business growth. - BSI Business Savings
- BSI Mobile
The focus of the strategy in 2023 continues to be - BSI Griya
implemented as a manifestation of sustainability - BSI OTO
from the previous year’s strategy, namely through the - BSI Gold Pawn & Installment
following 5 (five) pillars: - BSI Mitraguna
1. Mapping Consumers
The mapping of consumers is divided into 2 (two)
categories: Target Business and Target Audience.
- Target Business is a customer segment that is
expected to contribute a higher margin, such
as ASN, SOE Employees, Retirees, Hospital
Ecosystems, MSME Players, and Professionals.
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3. Integrated Marketing Communications 5. Events and sponsorships.
Integrated Marketing Communications (IMC) is To maximize new customer acquisition, Bank
carried out using customer and product champion Syariah Indonesia conducted a series of events
mapping strategies. The ‘hero product’ campaign divided into several categories:
activities are carried out in accordance with a) a. Signature Event
the previously determined target audience and This is a major event held in addition to raising
business goals. The IMC approach is implemented awareness about Bank Syariah Indonesia in
through integrated promotional activities such as general as well as acquiring new customers
Rain Fortune and Business Savings. For example, through various major events. Signature
for the Rain of Fortune and Business Savings events held by BSI in 2022 included the BSI
products with a target audience of millennials, Umrah Travel Fair, Halal Fair, Life With BSI
a series of promotional activities were carried (LWB) Expo (Medan, Solo), BSI Entrepreneurial
out starting from Above The Line (ATL) through Talent Awarding, Aceh Muslimpreneur, Gema
television, newspapers/magazines, cinema/movie Ramadhan, and FIFA Matchday.
theaters, videotron/OOH, and further, Below The b) b. Medium Event
Line (BTL) through offline events (open booths at A middle-category event that is held in multiple
the Mall and Sponsorship Events) and online events locations to increase new customer acquisition.
(webinars, IG Live), supported by digital marketing Examples of medium events include Market
activities (digital ads, collaboration with KOLS and Outlook for Priority Customers, Trade Expo
Publishers). Indonesia, MUF Auto Fest, ISEF, and the Rain of
Rezeki Roadshow in a number of cities.
In addition, for BSI Mitraguna Berkah products, c) c. Mini-Event
which have a more specific business target, which A small-category event that is held at
is the community with the Fixed Income Group institutions collaborating with BSI. This event
(Golbertap), especially the State Civil Servants includes the Mandiri Anniversary, Financial
(ASN), SOEs employees, and private employees, the Inclusion Month, INACRAFT, and the launch of
promotional activities are more direct marketing in Rain Fortune Mobile.
nature. Promotional activities carried out include d) Sponsorship
direct visits to customers or work units (satker) BSI also sponsors a number of third-party
of related agencies, mini-expo events, advertising events. Events sponsored by BSI are activities
placements on OOH media, specifically TV Lift that attract the interest of visitors, and
targeting agencies, and webinars with themes that the content of the event adheres to Sharia
are useful for employees. principles. BSI sponsors several events,
4. Financial Literacy and Sharia Banking including the Islamic Book Fair (IBF), the
Apart from raising awareness and interest in BSI Garuda Umrah Travel Fair, the Saudia Umrah
products, one of the marketing goals is to promote Travel Fair, and Jakarta Muslim Fashion Week.
financial literacy and Sharia Banking. Efforts to
increase financial literacy and sharia banking are Market Share
carried out, including seminars and webinars at As a Shariah bank, Bank Syariah Indonesia specifically
hundreds of companies and agencies that have faces competition with all banks in Indonesia in
collaborated with BSI. In addition, literacy activities determining market dominance, both in Shariah and
also take place on campuses, in schools, and at conventional banking. This business competition can be
Islamic boarding schools. seen based on assets, financing, and DPK.
Bank Syariah Indonesia participates in activities
organized by the Financial Services Authority
(OJK), such as Financial Inclusion Month (BIK), as
well as events hosted by Bank Indonesia (BI), such
as the Indonesia Sharia Economic Festival (ISEF)
and the Sharia Festival (Fesyar).
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Table of Market Share of Bank Syariah Indonesia compared to Islamic Banking
(Rp Billion, unless otherwise stated)
Market Share of
Description 2023 2022 Growth
Islamic Banking
Assets Bank Syariah Indonesia 353,624 305,727 15.67%
Islamic Banking 892,163 802,256 11.21%
Market Share 39.64% 38.11%
Financing Bank Syariah Indonesia 240,316 207,705 15.70%
Islamic Banking 585,461 505,938 15.72%
Market Share 41.05% 41.05%
Funding/TPF Bank Syariah Indonesia 293,776 261,491 12.35%
Islamic Banking 684,519 619,509 6.91%
Market Share 42.92% 42.21% 10.49%
Source: SPI and SPS - Financial Services Authority (SPS OJK), December 2023
Based on assets, Bank Syariah Indonesia’s market share in December 2023 reached 39.64%, an increase from 38.11%
in 2022. The total assets of Bank Syariah Indonesia managed to grow by IDR 47.90 trillion.
In terms of financing, Bank Syariah Indonesia’s market share in December 2023 reached 41.05%, flat compared to
2022. Meanwhile, DPK market share in December 2023 reached 42.92%, up from 42.21% in 2022.
The large market share is the result of effective strategy implementation by Bank Syariah Indonesia, especially after
the merger.
Market Share Diagram of Indonesian Islamic Banks compared to
the Islamic Banking Industry December 2023
Assets Financing Funding/TPF
(%) (%) (%)
39.64 41.05 42.92
60.36 58.95 57.08
2023 2023 2023
BSI
Islamic Banking
Market Share Diagram of Indonesian Islamic Banks compared to
the Islamic Banking Industry December 2022
Assets Financing Funding/TPF
(%) (%) (%)
38.11 41.05 42.21
61.89 58.95 57.79
2022 2022 2022
BSI
Islamic Banking
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Table of Market Share of Indonesian Islamic Banks compared to National Banking
(Rp Million, unless otherwise stated)
National Banking
Description 2023 2022 Growth
Market Share
Assets Bank Syariah Indonesia 353,624 305,727 15.67%
Banking Industry 11,983,999 11,315,780 5.91%
Market Share 2.95% 2.70%
Financing Bank Syariah Indonesia 240,316 207,705 15.70%
Banking Industry 7,248,059 6,567,307 10.37%
Market Share 3.32% 3.16%
Funding/TPF Bank Syariah Indonesia 293,776 261,491 12.35%
Banking Industry 8,611,108 8,293,980 3.82%
Market Share 3.41% 3.15%
Source: SPI and SPS - Financial Services Authority (SPS OJK), December 2023
In the midst of intense competition in the banking industry, Bank Syariah Indonesia also faces competition with all
national banks in Indonesia. Based on total assets, financing, and total deposits, the market share in December 2023
was 2.95%, 3.32% and 3.41%, respectively. The market share increased from the previous period. This achievement
shows the success of Bank Syariah Indonesia in maintaining operational performance.
Market Share Diagram of Indonesian Islamic Banks compared to
the National Banking Industry December 2023
Assets Financing Funding/TPF
(%) (%) (%)
2.95 3.32 3.41
97.05 96.68 96.59
2023 2023 2023
BSI
Banking Industry
Market Share Diagram of Indonesian Islamic Banks compared to
the National Banking Industry December 2022
Assets Financing Funding/TPF
(%) (%) (%)
2.70 3.16 3.15
97.30 96.84 96.85
2022 2022 2022
BSI
Banking Industry
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Market Share Graphic of Indonesian Market Share Graphic of Indonesian
Islamic Banks compared to the Islamic Banks compared to the
National Banking Industry Islamic Banking Industry
(%) (%)
2.70 2.95 3.16 3.32 3.15 3.41 38.11 39.64 41.05 41.05 42.21 42.92
December 2022
December 2022
December 2022
December 2022
December 2022
December 2022
December 2023
December 2023
December 2023
December 2023
December 2023
December 2023
ASSETS FINANCING FUNDING/TPF ASSETS FINANCING FUNDING/TPF
DIVIDEND
Dividend Policy
Bank Syariah Indonesia may declare dividends (in Rupiah) on an annual basis if it has positive retained earnings. A
portion of the Bank’s net profit determined by the GMS and net of corporate tax withholdings shall be allocated as a
statutory reserve fund until the amount of such reserve fund reaches a minimum of 20% of the Bank’s paid-up capital,
although there is no specific deadline for achieving this level of statutory reserve fund.
The remaining amount of the net profit (after deducting the reserve fund allocation) may be distributed to shareholders
as a final dividend, unless otherwise specified in the GMS. Following GMS approval, the Bank may distribute special
dividends on an ad hoc basis.
Distributed Dividends
Dividend Payment Realization
Description 2022 Financial Year 2021 Financial Year
Date of Announcement May 24, 2023 May 31, 2022
Date of Payment June 23, 2023 June 30, 2022
Profit (Rp) 4,260,181,677,875 3,028,204,859,899
Dividend (Rp) 426,018,167,788 757,051,214,975
Dividend per share (Rp) 9.23531 18.40661
Payout Ratio 10% 25%
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TAX PAYMENT COMPLIANCE
Tax Management and Payment Policy
Bank Syariah Indonesia is committed to managing and carrying out its tax obligations in accordance with applicable
statutory provisions. BSI believes that these tax payments are part of the Bank’s contribution to the country by
supporting the national economy.
The following table provides details of tax payments for the last 2 (two) years as a method of contribution to the state:
Table of Tax Payment Compliance
(Rp Million)
Description 2023 2022
Income Tax Article 4 (2) 774,238 575,467
Income Tax Article 21 515,311 456,816
Income Tax Article 22 9,517 5,048
Income Tax Article 23 39,346 28,821
Income Tax Article 25 1,622,277 1,228,568
Income Tax Article 26 14,724 6,128
Income Tax Article 29 55,843 291,570
VAT 30,068 18,654
Total 3,061,324 2,611,072
EMPLOYEE AND/OR MANAGEMENT STOCK OWNERSHIP PROGRAM (ESOP/MSOP)
The Employee Stock Option Program (ESOP) is a program in which eligible employees are granted Bank shares as a
method of employee appreciation and retention.
As of 2023, there was no realization of the ESOP/MSOP program.
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REALIZATION OF THE USE OF PROCEEDS FROM PUBLIC OFFERING
In terms of report submission on the use of proceeds from the public offering, Bank Syariah Indonesia refers to FSA
Regulation No. 30/POJK.04/2015, dated December 16, 2015, regarding Reports on the Realization of the Use of
Proceeds from Public Offerings. In line with the regulation, BSI reported to the Financial Services Authority on July
14, 2023, that the realization of the use of proceeds from the public offering by granting Pre-emptive Rights (HMETD)
in 2022 was completed in 2023.
Table of Realization of Use of Proceeds from Public Offering
Realized Value of Public Offering Results Fund Usage Plan Fund Usage Realization Remaining
Type of Public Effective Total Proceeds Funds
Offering Date Public Offering Financing Financing from Public
of Public Net Result Total Total
Fee Distributor Distributor Offering
Offering
Public December 4,999,952,795,000 62,300,000,000 4,937,652,795,000 4,937,652,795,000 4,937,652,795,000 4,937,652,795,000 4,937,652,795,000 0
Offering with 5, 2022
Preemptive
Rights I (Rights
Issue I)
MATERIAL INFORMATION RELATING TO INVESTMENT, EXPANSION, DIVESTMENT,
ACQUISITION, AND RESTRUCTURING
Investment
Bank Syariah Indonesia (Bank BSI) has increased its investments in securities from 2022 to 2023. A detailed
explanation is provided below.
Transaction Period 2023
Transactional Party Bank Syariah Indonesia collaborates with the issuer of securities, in this case the
Government of the Republic of Indonesia and Bank Indonesia.
Nature of the Relationship There is no affiliate relationship.
Investment Value of Securities
(Rp Million)
2023 2022
Description
Nominal Value Carrying Value Nominal Value Carrying Value
Fair Value through Profit or Loss
Rupiah
Government Sharia Securities (SBSN) 1,835,552 1,847,602 909,966 921,324
Bank Indonesia Sukuk 1,724,704 1,724,704 - -
Sharia Government Treasury (SPNS) 895,000 878,000 - -
Mutual fund 400,000 405,089 - -
Sharia Asset Backed Securities 27,301 31,787 - -
Total 4,882,557 4,887,182 909,966 921,324
Foreign Currencies
Government Sharia Securities (SBSN) 6,728 6,702 - -
Total Fair Value through Profit or Loss 4,889,285 4,893,884 909,966 921,324
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 191
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Performance Management Report Company Profile Management Discussion and Analysis
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FINANCIAL
PERFORMANCE REVIEW
(Rp Million)
2023 2022
Description
Nominal Value Carrying Value Nominal Value Carrying Value
Fair Value through Other Comprehensive Income
Rupiah
Government Sharia Securities (SBSN) 7,119,539 7,087,426 3,173,558 3,051,045
Bank Indonesia Sukuk 20,693,578 20,744,693 - -
Mutual fund 1,200,000 1,219,721 - -
Corporate Sukuk 120,000 120,890 - -
Total 29,133,117 29,172,730 3,173,558 3,051,045
Foreign Currencies
Bank Indonesia Sukuk 1,539,700 1,544,442 - -
Total Fair Value through Other Comprehensive 30,672,817 30,717,172 3,173,558 3,051,045
Income
Amortized Costs
Rupiah
Government Sharia Securities (SBSN) 33,952,697 34,092,672 43,362,582 43,717,378
Bank Indonesia Sukuk - - 8,602,984 8,602,984
Corporate Sukuk 947,800 947,800 902,800 902,800
Bill Receivables 200,858 200,858 160,571 160,571
Total 35,101,355 35,241,330 53,028,937 53,383,733
Foreign Currencies
Government Sharia Securities (SBSN) 443,434 449,140 483,371 495,803
Total Amortized Costs 35,544,789 35,690,470 53,512,308 53,879,536
TOTAL INVESTMENT IN SECURITIES 71,301,526 57,851,905
Allowance for Impairment Losses (132,506) (10,634)
Net 71,169,020 57,841,271
Expansion Acquisition
BSI did not carry out any expansion activities in 2023. During 2023, BSI did not conduct any acquisition
activities.
Divestment
In 2023, BSI had no divestment activities. Restructuring
During 2023, BSI did not conduct any restructuring
activities.
192 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
MATERIAL TRANSACTIONS WITH Affiliate transactions are any activity and/or transaction
CONFLICTS OF INTEREST AND/OR carried out by a public company or controlled company
TRANSACTIONS WITH AFFILIATED/ with an affiliate of a public company or an affiliate of a
RELATED PARTIES member of the Board of Directors, member of the Board
Material transaction is any investment in business of Commissioners, main shareholder, or controller,
entities, projects, and/or specific business activities; the including any activity and/or transaction carried out by
purchase, sale, transfer, or exchange of assets or business a public company or controlled company for the benefit
segments; leasing assets; borrowing and lending funds; of affiliates of public companies or affiliates of members
pledging assets; and/or providing corporate guarantees of the Board of Directors. Until the end of 2023, Bank
with a value of 20% (twenty percent) or more of the Syariah Indonesia has no transactions that meet the
Company’s equity carried out in one transaction or in a category of transactions with affiliated parties.
series of transactions for a specific purpose or activity
(POJK No. 17/POJK.04/2020). Conflict of Interest Transaction
Conflict of Interest refers to the difference between a
Affiliated Transactions public company’s economic interests and the personal
According to POJK No. 42/POJK.04/2020 Article 1, economic interests of members of the Board of
affiliation is defined as follows: Directors, Board of Commissioners, major shareholders,
1. Family relationship by marriage and descent to the or controllers that may harm the public company (POJK
second degree, both horizontally and vertically; No. 42/POJK.04/2020). As of the end of 2023, Bank
2. Relationship between one party and its employees, Syariah Indonesia did not have any material transactions
directors, or commissioners; with conflicts of interest.
3. Relationship between 2 (two) companies with
members on the same Board of Directors or Board Related Party Transactions
of Commissioners Related parties are required to disclose their
4. The relationship between a company and a party relationships, transactions, and balances, as well as
that controls or is controlled by the Company, commitments, in the financial statements. A party is
whether directly or indirectly. considered related to the Bank if the following occur:
5. Relationship between 2 (two) companies controlled a. The company is controlled by the bank.
by the same party, either directly or indirectly. b. An associated company.
6. Relationship between the Company and its major c. Investors with voting rights, which have significant
shareholders. influence.
d. Companies controlled by the investors described in
point c above.
e. Key employees and their families.
f. Entities controlled, jointly controlled, or
significantly influenced by the Government.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 193
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Performance Management Report Company Profile Management Discussion and Analysis
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FINANCIAL
PERFORMANCE REVIEW
Name and Nature of Related Relationships
The names and nature of related relationships are presented below.
Table of Related Parties
Related Parties Nature of Relationship
The Government of the Republic of Indonesia, through the Related party relationship as a major shareholder
Ministry of Finance
PT Bank Mandiri (Persero) Tbk Related party relationships as controlling shareholders
PT Bank Rakyat Indonesia (Persero) Tbk Related party relationships as shareholders
PT Bank Negara Indonesia (Persero) Tbk Related party relationships as shareholders
PT BNI Life Insurance Related party relationships as shareholders
PT Mandiri Sekuritas Related party relationships as shareholders
DPLK Bank Rakyat Indonesia-Syariah Related party relationships as shareholders
BPJS Kesehatan Government entities and institutions
BPJS Ketenagakerjaan Government entities and institutions
DPLK PT Bank Negara Indonesia (Persero) Tbk Government entities and institutions
Lembaga Pembiayaan Ekspor Indonesia Government entities and institutions
Perum BULOG Government entities and institutions
Perum DAMRI Government entities and institutions
Perum Jasa Tirta II Government entities and institutions
Perum LPPNPI Government entities and institutions
Perum Percetakan Negara Republik Indonesia Government entities and institutions
Perum Perhutani Government entities and institutions
Perum Perumnas Government entities and institutions
Perum Peruri Government entities and institutions
Perum Produksi Film Negara Government entities and institutions
Perusahaan Penerbit SBSN Indonesia Government entities and institutions
PT Adhi Commuter Properti Tbk Government entities and institutions
PT Adhi Jalintim Riau Government entities and institutions
PT Adhi Karya (Persero) Tbk Government entities and institutions
PT Adhi Persada Beton Government entities and institutions
PT Adhi Persada Gedung Government entities and institutions
PT Adhi Persada Properti Government entities and institutions
PT Aero Globe Indonesia Government entities and institutions
PT Aerofood Indonesia Government entities and institutions
PT Agro Medika Nusantara Government entities and institutions
PT Agro Sinergi Nusantara Government entities and institutions
PT Alur Pelayaran Barat Surabaya Government entities and institutions
PT Amarta Karya (Persero) Government entities and institutions
PT Aneka Tambang Tbk Government entities and institutions
PT Angkasa Pura Hotel Government entities and institutions
PT Angkasa Pura I (Persero) Government entities and institutions
194 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Related Parties Nature of Relationship
PT Angkasa Pura II (Persero) Government entities and institutions
PT Angkasa Pura Kargo Government entities and institutions
PT Angkasa Pura Logistik Government entities and institutions
PT Angkasa Pura Solusi Government entities and institutions
PT Angkasa Pura Solusi Integra Government entities and institutions
PT Angkasa Pura Supports Government entities and institutions
PT Antam Resourcindo Government entities and institutions
PT ASABRI (Persero) Government entities and institutions
PT ASDP Indonesia Ferry (Persero) Government entities and institutions
PT Asuransi Asei Indonesia Government entities and institutions
PT Asuransi BRI Life Government entities and institutions
PT Asuransi Bringin Sejahtera Artamakmur Government entities and institutions
PT Asuransi Jasa Indonesia Government entities and institutions
PT Asuransi Jasa Indonesia Syariah Government entities and institutions
PT Asuransi Jasa Raharja (Persero) Government entities and institutions
PT Asuransi Jiwa IFG Government entities and institutions
PT Asuransi Jiwa Inhealth Indonesia Government entities and institutions
PT Asuransi Jiwa Taspen Government entities and institutions
PT Asuransi Jiwasraya (Persero) Government entities and institutions
PT Asuransi Kredit Indonesia (Persero) Government entities and institutions
PT Asuransi Tugu Pratama Indonesia Tbk Government entities and institutions
PT AXA Mandiri Financial Services Government entities and institutions
PT Bahana Artha Ventura Government entities and institutions
PT Bahana Pembinaan Usaha Indonesia Government entities and institutions
PT Bahana TCW Investment Management Government entities and institutions
PT Bakti Timah Medika Government entities and institutions
PT Bank Mandiri Taspen Government entities and institutions
PT Bank Tabungan Negara (Persero) Tbk Government entities and institutions
PT Barata Indonesia (Persero) Government entities and institutions
PT Baturaja Multi Usaha Government entities and institutions
PT Berdikari Government entities and institutions
PT Berdikari Logistik Indonesia Government entities and institutions
PT Berkah Industri Mesin Angkat Government entities and institutions
PT Berkah Muti Cargo Government entities and institutions
PT Berlian Manyar Sejahtera Government entities and institutions
PT Bhanda Ghara Reksa (Persero) Government entities and institutions
PT Bina Karya (Persero) Government entities and institutions
PT Bintang Tirta Pratama Government entities and institutions
PT Bio Farma (Persero) Government entities and institutions
PT Biro Klasifikasi Indonesia (Persero) Government entities and institutions
PT BNI Asset Management Government entities and institutions
PT BNI Sekuritas Government entities and institutions
PT Brantas Abipraya (Persero) Government entities and institutions
PT BRI Asuransi Indonesia Government entities and institutions
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 195
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FINANCIAL
PERFORMANCE REVIEW
Related Parties Nature of Relationship
PT BRI Danareksa Sekuritas Government entities and institutions
PT Bukit Asam Medika Government entities and institutions
PT Bukit Asam Tbk Government entities and institutions
PT Bukit Prima Bahari Government entities and institutions
PT Bumi Sawindo Permai Government entities and institutions
PT Celebes Railway Indonesia Government entities and institutions
PT Cimanggis Cibitung Tollways Government entities and institutions
PT Citilink Indonesia Government entities and institutions
PT Citra Lautan Teduh Government entities and institutions
PT Cut Meutia Medika Nusantara Government entities and institutions
PT Danareksa (Persero) Government entities and institutions
PT Danareksa Investment Management Government entities and institutions
PT Dayamitra Telekomunikasi Government entities and institutions
PT Djakarta Lloyd (Persero) Government entities and institutions
PT Dok dan Perkapalan Air Kantung Government entities and institutions
PT Dok dan Perkapalan Kodja Bahari (Persero) Government entities and institutions
PT Elnusa Petrofin Government entities and institutions
PT Elnusa Tbk Government entities and institutions
PT Emas Antam Indonesia Government entities and institutions
PT Energi Agro Nusantara Government entities and institutions
PT Energi Pelabuhan Indonesia Government entities and institutions
PT Energy Management Indonesia (Persero) Government entities and institutions
PT Equiport Inti Indonesia Government entities and institutions
PT Finnet Indonesia Government entities and institutions
PT Fintek Karya Nusantara Government entities and institutions
PT Garuda Indonesia (Persero) Tbk Government entities and institutions
PT Garuda Maintenance Facility Aeroasia Government entities and institutions
PT Graha Investama Bersama Government entities and institutions
PT Graha Niaga Tata Utama Government entities and institutions
PT Graha Sarana Duta Government entities and institutions
PT Griyaton Indonesia Government entities and institutions
PT Hakaaston Government entities and institutions
PT HK Realtindo Government entities and institutions
PT Hutama Karya (Persero) Government entities and institutions
PT Indofarma Global Medika Government entities and institutions
PT Indonesia Asahan Aluminium (Persero) Government entities and institutions
PT Indonesia Comnets Plus Government entities and institutions
PT Indonesia Kendaraan Terminal Tbk Government entities and institutions
PT Indonesia Power Government entities and institutions
PT Indopelita Aircraft Services Government entities and institutions
196 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
Related Parties Nature of Relationship
PT Indra Karya (Persero) Government entities and institutions
PT Industri Kapal Indonesia (Persero) Government entities and institutions
PT Industri Kereta Api (Persero) Government entities and institutions
PT Inhutani IV Government entities and institutions
PT Inka Multi Solusi Government entities and institutions
PT Inka Multi Solusi Service Government entities and institutions
PT Inka Multi Solusi Trading Government entities and institutions
PT Inti Konten Indonesia Government entities and institutions
PT Istaka Karya (Persero) Government entities and institutions
PT Jakarta Industrial Estate Pulogadung Government entities and institutions
PT Jalin Pembayaran Nusantara Government entities and institutions
PT Jalintim Adhi Abipraya Government entities and institutions
PT Jaminan Kredit Indonesia Government entities and institutions
PT Jaminan Pembiayaan Askrindo Syariah Government entities and institutions
PT Jamsostek (Persero) Government entities and institutions
PT Jasa Armada Indonesia Tbk Government entities and institutions
PT Jasa Marga (Persero) Tbk Government entities and institutions
PT Jasa Prima Logistik Bulog Government entities and institutions
PT Jasa Raharja Government entities and institutions
PT Jasamarga Balikpapan Samarinda Government entities and institutions
PT Jasamarga Gempol Pasuruan Government entities and institutions
PT Jasamarga Jalanlayang Cikampek Government entities and institutions
PT Jasamarga Ngawi Kertosono Kediri Government entities and institutions
PT Jasamarga Pandaan Malang Government entities and institutions
PT Jasamarga Surabaya Mojokerto Government entities and institutions
PT Jasamarga Tollroad Maintenance Government entities and institutions
PT Jasamarga Tollroad Operator Government entities and institutions
PT Jasamarga Transjawa Tol Government entities and institutions
PT Jasaraharja Putera Government entities and institutions
PT Jembatan Nusantara Government entities and institutions
PT Jasa Tirta Energi Government entities and institutions
PT KA Pariwisata Government entities and institutions
PT KA Properti Manajemen Government entities and institutions
PT Kalimantan Jawa Gas Government entities and institutions
PT Kaltim Daya Mandiri Government entities and institutions
PT Kaltim Industrial Estate Government entities and institutions
PT Kawasan Berikat Nusantara (Persero) Government entities and institutions
PT Kawasan Industri Gresik Government entities and institutions
PT Kawasan Industri Makassar (Persero) Government entities and institutions
PT Kawasan Industri Terpadu Batang Government entities and institutions
PT Kawasan Industri Wijayakusuma (Persero) Government entities and institutions
PT KBN Graha Medika Government entities and institutions
PT Kereta Api Indonesia (Persero) Government entities and institutions
PT Kereta Commuter Indonesia Government entities and institutions
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 197
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Performance Management Report Company Profile Management Discussion and Analysis
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FINANCIAL
PERFORMANCE REVIEW
Related Parties Nature of Relationship
PT Kharisma Pemasaran Bersama Nusantara Government entities and institutions
PT Kilang Pertamina Balikpapan Government entities and institutions
PT Kimia Farma Tbk Government entities and institutions
PT Kimia Farma Apotek Government entities and institutions
PT Kimia Farma Diagnostik Government entities and institutions
PT Kimia Farma Trading & Distribution Government entities and institutions
PT Kliring Berjangka Indonesia (Persero) Government entities and institutions
PT Kodja Terramarin Government entities and institutions
PT Krakatau Bandar Samudera Government entities and institutions
PT Krakatau Daya Listrik Government entities and institutions
PT Krakatau Industrial Estate Cilegon Government entities and institutions
PT Krakatau Jasa Logistik Government entities and institutions
PT Krakatau Medika Government entities and institutions
PT Krakatau National Resources Government entities and institutions
PT Krakatau Perbengkelan dan Perawatan Government entities and institutions
PT Krakatau Pipe Industries Government entities and institutions
PT Krakatau Sarana Infrastruktur Government entities and institutions
PT Krakatau Sarana Properti Government entities and institutions
PT Krakatau Steel (Persero) Tbk Government entities and institutions
PT Krakatau Tirta Industri Government entities and institutions
PT Krakatau Wajatama Government entities and institutions
PT Laras Astra Kartika Government entities and institutions
PT Mandiri AXA General Insurance Government entities and institutions
PT Mandiri Capital Indonesia Government entities and institutions
PT Mandiri Manajemen Investasi Government entities and institutions
PT Mandiri Tunas Finance Government entities and institutions
PT Mandiri Utama Finance Government entities and institutions
PT Mega Eltra Government entities and institutions
PT Mitra Rakata Government entities and institutions
PT Mitra Transaksi Indonesia Government entities and institutions
PT Mitra Utama Madani Government entities and institutions
PT Multi Sentana Baja Government entities and institutions
PT Multi Terminal Indonesia Government entities and institutions
PT Nindya Karya (Persero) Government entities and institutions
PT Nusa Karya Arindo Government entities and institutions
PT Nusantara Medika Utama Government entities and institutions
PT Nusantara Regas Government entities and institutions
PT Nusantara Sebelas Medika Government entities and institutions
PT Nusantara Terminal Service Government entities and institutions
PT Nusantara Turbin Dan Propulsi Government entities and institutions
198 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
Related Parties Nature of Relationship
PT PAL Indonesia (Persero) Government entities and institutions
PT PAL Marine Service Government entities and institutions
PT PANN Pembiayaan Maritim (Persero) Government entities and institutions
PT Patra Badak Arun Solusi Government entities and institutions
PT Patra Drilling Contractor Government entities and institutions
PT Patra Logistik Government entities and institutions
PT Patra Nusa Data Government entities and institutions
PT Patra Trading Government entities and institutions
PT Pegadaian Government entities and institutions
PT Pegadaian Galeri Dua Empat Government entities and institutions
PT Pelabuhan Bukit Prima Government entities and institutions
PT Pelabuhan Indonesia (Persero) Government entities and institutions
PT Pelabuhan Indonesia I (Persero) Government entities and institutions
PT Pelabuhan Indonesia II (Persero) Government entities and institutions
PT Pelabuhan Indonesia IV (Persero) Government entities and institutions
PT Pelabuhan Tanjung Priok Government entities and institutions
PT Pelayanan Listrik Nasional Batam Government entities and institutions
PT Pelayaran Bahtera Adhiguna Government entities and institutions
PT Pelayaran Nasional Indonesia (Persero) Government entities and institutions
PT Pelindo Daya Sejahtera Government entities and institutions
PT Pelindo Husada Citra Government entities and institutions
PT Pelindo Marine Service Government entities and institutions
PT Pelindo Multi Terminal Government entities and institutions
PT Pelindo Properti Indonesia Government entities and institutions
PT Pelindo Terminal Petikemas Government entities and institutions
PT Pelita Air Service Government entities and institutions
PT Pemalang Batang Tol Road Government entities and institutions
PT Pembangunan PP Tirta Riau Government entities and institutions
PT Pengembang Pelabuhan Indonesia Government entities and institutions
PT Pengerukan Indonesia Government entities and institutions
PT Pengusahaan Daerah Industri Pulau Batam (Persero) Government entities and institutions
PT Penjaminan Infrastruktur Indonesia (Persero) Government entities and institutions
PT Penjaminan Jamkrindo Syariah Government entities and institutions
PT Perikanan Nusantara (Persero) Government entities and institutions
PT Perkebunan Nusantara I Government entities and institutions
PT Perkebunan Nusantara II (Persero) Government entities and institutions
PT Perkebunan Nusantara III (Persero) Government entities and institutions
PT Perkebunan Nusantara IV Government entities and institutions
PT Perkebunan Nusantara V Government entities and institutions
PT Perkebunan Nusantara VI Government entities and institutions
PT Perkebunan Nusantara VII Government entities and institutions
PT Perkebunan Nusantara VIII Government entities and institutions
PT Perkebunan Nusantara X Government entities and institutions
PT Perkebunan Nusantara XII Government entities and institutions
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 199
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Performance Management Report Company Profile Management Discussion and Analysis
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FINANCIAL
PERFORMANCE REVIEW
Related Parties Nature of Relationship
PT Perkebunan Nusantara XIII Government entities and institutions
PT Perkebunan Nusantara XIV Government entities and institutions
PT Permata Graha Nusantara Government entities and institutions
PT Permodalan Nasional Madani (Persero) Government entities and institutions
PT Perta Arun Gas Government entities and institutions
PT Pertagas Niaga Government entities and institutions
PT Pertamina (Persero) Government entities and institutions
PT Pertamina Bina Medika IHC Government entities and institutions
PT Pertamina Drilling Services Indonesia Government entities and institutions
PT Pertamina EP Government entities and institutions
PT Pertamina EP Cepu Government entities and institutions
PT Pertamina Gas Government entities and institutions
PT Pertamina Hulu Indonesia Government entities and institutions
PT Pertamina Hulu Kalimantan Timur Government entities and institutions
PT Pertamina Hulu Mahakam Government entities and institutions
PT Pertamina International Shipping Government entities and institutions
PT Pertamina Lubricants Government entities and institutions
PT Pertamina Marine Solution Government entities and institutions
PT Pertamina Patra Niaga Government entities and institutions
PT Pertamina Pedeve Indonesia Government entities and institutions
PT Pertamina Power Indonesia Government entities and institutions
PT Pertamina Retail Government entities and institutions
PT Pertamina Trans Kontinental Government entities and institutions
PT Pertani (Persero) Government entities and institutions
PT Peruri Digital Security Government entities and institutions
PT Peruri Properti Government entities and institutions
PT Perusahaan Gas Negara Tbk Government entities and institutions
PT Perusahaan Listrik Negara (Persero) Government entities and institutions
PT Perusahaan Pengelola Aset (Persero) Government entities and institutions
PT Perusahaan Perdagangan Indonesia (Persero) Government entities and institutions
PT Pesonna Indonesia Jaya Government entities and institutions
PT Pesonna Optima Jasa Government entities and institutions
PT Peteka Karya Tirta Government entities and institutions
PT Petrosida Gresik Government entities and institutions
PT PGAS Telekomunikasi Nusantara Government entities and institutions
PT Phapros Tbk Government entities and institutions
PT PIM Prima Medika Government entities and institutions
PT Pindad (Persero) Government entities and institutions
PT Pindad Enjiniring Indonesia Government entities and institutions
PT Pindad International Logistic Government entities and institutions
200 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
Related Parties Nature of Relationship
PT Pindad Medika Utama Government entities and institutions
PT PNM Investment Management Government entities and institutions
PT PNM Venture Capital Government entities and institutions
PT PNM Ventura Syariah Government entities and institutions
PT Pos Indonesia (Persero) Government entities and institutions
PT Pos Logistik Indonesia Government entities and institutions
PT PP (Persero) Tbk Government entities and institutions
PT PP Presisi Tbk Government entities and institutions
PT PP Properti Tbk Government entities and institutions
PT PP Semarang Demak Government entities and institutions
PT PP Urban Government entities and institutions
PT Pratama Mitra Sejati Government entities and institutions
PT Prima Armada Raya Government entities and institutions
PT Prima Husada Cipta Medan Government entities and institutions
PT Prima Indonesia Logistik Government entities and institutions
PT Prima Medica Nusantara Government entities and institutions
PT Prima Multi Terminal Government entities and institutions
PT Pupuk Indonesia (Persero) Government entities and institutions
PT Pupuk Iskandar Muda Government entities and institutions
PT Pupuk Kalimantan Timur Government entities and institutions
PT Pupuk Kujang Cikampek Government entities and institutions
PT Pupuk Sriwidjaja Government entities and institutions
PT Rajawali Citramass Government entities and institutions
PT Rajawali Nusantara Indonesia (Persero) Government entities and institutions
PT Rajawali Nusindo Government entities and institutions
PT Rajawali Tanjungsari Enjiniring Government entities and institutions
PT Rancang Semesta Government entities and institutions
PT Reasuransi Indonesia Utama (Persero) Government entities and institutions
PT Reasuransi Nasional Indonesia Government entities and institutions
PT Reasuransi Syariah Indonesia Government entities and institutions
PT Rekaindo Global Jasa Government entities and institutions
PT Reska Multi Usaha Government entities and institutions
PT Riset Perkebunan Nusantara Government entities and institutions
PT Rolas Nusantara Medika Government entities and institutions
PT Rumah Sakit Pelabuhan Government entities and institutions
PT Rumah Sakit Pelni Government entities and institutions
PT Sahung Brantas Energi Government entities and institutions
PT Saka Energi Indonesia Government entities and institutions
PT Sang Hyang Seri (Persero) Government entities and institutions
PT Sarana Bandar Nasional Government entities and institutions
PT Sarana Kaltim Ventura Government entities and institutions
PT Sarana Multi Infrastruktur (Persero) Government entities and institutions
PT Sarana Multigriya Finansial (Persero) Government entities and institutions
PT Semen Baturaja (Persero) Tbk Government entities and institutions
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 201
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
FINANCIAL
PERFORMANCE REVIEW
Related Parties Nature of Relationship
PT Semen Indonesia (Persero) Tbk Government entities and institutions
PT Semen Indonesia Beton Government entities and institutions
PT Semen Padang (Persero) Government entities and institutions
PT Sigma Cipta Caraka Government entities and institutions
PT Sigma Cipta Utama Government entities and institutions
PT Sinergi Gula Nusantara Government entities and institutions
PT Sinergi Mitra Investama Government entities and institutions
PT Sinkona Indonesia Lestari Government entities and institutions
PT Solusi Bangun Beton Government entities and institutions
PT Sri Pamela Medika Nusantara Government entities and institutions
PT Sucofindo Government entities and institutions
PT Sucofindo Episi Government entities and institutions
PT Surabaya Industrial Estate Rungkut Government entities and institutions
PT Surveyor Indonesia (Persero) Government entities and institutions
PT Swadharma Sarana Informatika Government entities and institutions
PT Taman Wisata Candi Borobudur, Prambanan, & Ratu Boko Government entities and institutions
(Persero)
PT Taspen (Persero) Government entities and institutions
PT Taspen Abadi Sentosa Government entities and institutions
PT Telekomunikasi Selular Government entities and institutions
PT Telemedia Dinamika Sarana Government entities and institutions
PT Telkom Akses Government entities and institutions
PT Telkom Indonesia (Persero) Tbk Government entities and institutions
PT Telkom Satelit Indonesia Government entities and institutions
PT Telkomsel Ekosistem Digital Government entities and institutions
PT Telkomsel Mitra Inovasi Government entities and institutions
PT Terminal Petikemas Indonesia Government entities and institutions
PT Terminal Petikemas Surabaya Government entities and institutions
PT Terminal Teluk Lamong Government entities and institutions
PT Timah Tbk Government entities and institutions
PT Tirta Tangsel Mandiri Government entities and institutions
PT Tugu Pratama Interindo Government entities and institutions
PT United Tractors Semen Gresik Government entities and institutions
PT Varia Usaha Bahari Government entities and institutions
PT Varia Usaha Beton Government entities and institutions
PT Varia Usaha Dharma Segara Government entities and institutions
PT Varia Usaha Lintas Segara Government entities and institutions
PT Varuna Tirta Prakasya (Persero) Government entities and institutions
PT Waskita Beton Precast Tbk Government entities and institutions
PT Waskita Karya (Persero) Tbk Government entities and institutions
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Review Responsibility
Related Parties Nature of Relationship
PT Waskita Karya Infrastruktur Government entities and institutions
PT Widya Tirta Selaras Government entities and institutions
PT Wijaya Karya (Persero) Tbk Government entities and institutions
PT Wijaya Karya Bangunan Gedung Tbk Government entities and institutions
PT Wijaya Karya Beton Tbk Government entities and institutions
PT Wijaya Karya Bitumen Government entities and institutions
PT Wijaya Karya Industri dan Konstruksi Government entities and institutions
PT Wijaya Karya Komponen Beton Government entities and institutions
PT Wijaya Karya Realty Government entities and institutions
PT Wijaya Karya Rekayasa Konstruksi Government entities and institutions
PT Wijaya Karya Serang Panimbang Government entities and institutions
Realization of Transactions with Related Parties
The nature of transactions with related parties of government entities includes current accounts with other banks,
liabilities due immediately, deposits from other banks, investments in securities, subordinated securities issued,
placements with other banks, customer deposits, securities, receivables, and financing.
Details of the realization with related parties are as follows:
Details of Related Party Transactions
Description 2023 2022
Assets 73,571,244 72,799,804
Percentage to total assets 20.80% 23.81%
Liabilities 3,416,331 3,250,467
Percentage to total Liabilities 3.92% 4.41%
Temporary Syirkah Funds 46,154,530 32,564,853
Percentage to total Temporary Syirkah Funds 20.27% 16.40%
Transaction Review and Approval Policy
BSI has a policy in place for reviewing and approving transactions with related/affiliated parties, which includes
reference to OJK Regulation No. 32/POJK.03/2018 concerning Maximum Limits for Providing Credit and Large
Funds for Commercial Banks and its amendments, which is POJK No. 38/POJK.03/2019.
The regulation states that: (1) Banks are prohibited from providing funds to related parties, which is contrary to
general funding procedures. (2) Banks are prohibited from providing funds to Related Parties without the approval of
the Bank’s Board of Commissioners. (3) Banks are prohibited from acquiring low-quality assets from related parties.
The following description is also part of the review of transactions with affiliated/related parties, which is used as a
reference for approval.
Fairness and Reasons for Conducting Transactions
All transactions in 2023 were conducted at arm’s length, in accordance with normal commercial terms, and in
compliance with applicable laws and regulations. Transactions were conducted in accordance with the needs of Bank
Syariah Indonesia and were free of conflicts of interest.
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PERFORMANCE REVIEW
Review Mechanism for Transactions and The Role of the Board of Commissioners and
Compliance with Related Regulations and Audit Committee to Ensure Transactions are
Provisions Carried Out in accordance with Generally
Bank Syariah Indonesia has a policy on transactions Accepted Business Practices, which among
with conflicts of interest and/or related parties. The others by complying with the Arms-Length
Board of Commissioners makes decisions on material Principle
transactions, which are always carried out in accordance One of the Audit Committee’s key responsibilities is to
with prudential principles and the provisions of the monitor the follow-up on audit results in order to assess
Financial Services Authority, as well as other applicable the adequacy of the internal control system, including
laws and regulations. Furthermore, the Board of the financial reporting process. In addition, the Audit
Commissioners has to make independent decisions Committee reviews financial information that will be
regarding material transactions. During 2023, there released by the Bank to the public or other stakeholders,
were no violations of laws or regulations governing as well as compliance with laws and regulations.
transactions with related parties, nor were there any Therefore, the Audit Committee reviews and monitors
transactions with conflicts of interest. transactions involving related parties.
A statement from the Board of Directors As an organ of the Board of Commissioners, the Audit
that the Transactions Have Complied with Committee reports on its performance to the Board
Adequate Procedures and are In Accordance of Commissioners, which carries out the supervisory
with Generally Accepted Business Practices function over the implementation of the Bank’s business
In conducting transactions, particularly with related activities. As a result, the Audit Committee and the
parties, the Bank follows the procedures established Board of Commissioners have an important role in
by the regulator. In these procedures, the Board of ensuring that the Bank’s transactions are compliant
Directors is part of the organization that reviews with applicable laws and regulations, as well as generally
the plan, realization, and evaluation of the Bank’s accepted business practices.
transactions. With these considerations in mind,
the Board of Directors believes that all transactions Reference to Financial Statements
with related parties have complied with adequate Discussions related to related transactions are also
procedures, are in line with generally accepted business presented in the Financial Statements included in the
practices, and are governed by applicable laws and appendix to this Annual Report on page 113.
regulations.
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CHANGES IN LAWS AND REGULATIONS THAT AFFECT THE COMPANY
Throughout 2023, Bank Syariah Indonesia dealt with a number of changes to laws and regulations that affected the
bank, which are summarized in the table below.
Table of Changes in Laws and Regulations
No. Provision Impact on the Bank
1. Financial Services Authority Circular Letter 1. Implementation of the Bank’s responsibility for monitoring and
(SEOJK) No. 28/SEOJK.03/2022 on Risk ensuring BSI HR’s participation in the HR quality development
Management Certification for Commercial program through Risk Management Certification and maintaining the
Bank Human Resources Risk Management certificate’s validity.
2. Administer and maintain data on the validity period of Risk
Management Certification for each HR at BSI.
2. Financial Services Authority Circular Letter Regulations governing the implementation of strengthening bank cyber
(SEOJK) No. 29/SEOJK.03/2022 on Cyber resilience and security in information technology. Banks are required to:
Security and Resilience for Commercial Banks a. assess inherent risks related to cybersecurity
b. Implement risk management related to cyber security
c. Implement cyber resilience processes for banks.
d. Assess the cybersecurity maturity level
e. Conduct cybersecurity testing
f. Establish a unit or function responsible for cyber resilience and
security.
g. Early detection and reporting of cybersecurity incidents.
3. Financial Services Authority Regulation 1. Banks are required to prepare and report to the OJK regarding: (i)
(POJK) No. 3 of 2023 on Increasing Financial Plan Reports, (ii) Realization Reports, (iii) Report Adjustments, and (iv)
Literacy and Inclusion in the Financial Services Changes to Reports related to Financial Literacy and Inclusion as part
Sector for Consumers and the Community of the Business Plan and Business Plan Report, which are submitted
through the OJK’s electronic reporting system.
2. Banks are required to set up functions or units to increase financial
literacy and inclusion, as well as report mechanisms to the Board of
Directors to comply with the POJK.
4. Financial Services Authority Regulation 1. Adjustments of provisions to the Anti-Money Laundering, Prevention
(POJK) No. 8 of 2023 on the Implementation of Terrorism Financing, and Prevention of Funding for the Proliferation
of Anti-Money Laundering (AML), Counter- of Mass Destruction (APU, PPT, and PPPSPM) programs across all
Terrorist Financing (CFT), and Counter- Bank business activities.
Proliferation Financing of Weapons of Mass 2. Banks are required to submit periodic Individual Risk Assessments
Destruction (CPF) Program in the Financial to the OJK and set up the requirements and procedures for PJK
Services Sector cooperation with third parties for face-to-face and electronic
verification.
3. Improving the provisions for the compliance management function
and carrying out independent internal audits, as well as the Bank’s
obligation to carry out pre-employee screening.
4. Confirmation of regulations for the Prevention of Funding for the
Proliferation of Weapons of Mass Destruction (PPPSPM), including
risk mitigation measures for sanction evasion, enforcing follow-up,
and immediate freezing of DTTOT and DPPSPM without prior notice.
5. Nominal fines for non-reporting violations of APU, PPT, and PPPSPM
are adjusted to a maximum of 5 billion Rupiah per year for individuals
and/or a maximum of 1% of the total annual net profit limit of 100
billion Rupiah per year for PJK.
5. Bank Indonesia Regulation (PBI) No. 6 of 2023 Regulations governing the implementation of bank obligations related to
on Money Markets and Foreign Exchange data reporting and/or information on issuances and/or money market and
Market foreign exchange market transactions to BI through the BI-established
reporting system.
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FINANCIAL
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No. Provision Impact on the Bank
6. Bank Indonesia Regulation No. 3 of 2023 on 1. Regulations regarding the Bank’s obligations in carrying out all Bank
Bank Indonesia Consumer Protection business activities to implement equal access for every Consumer
by upholding the principles of balance, equality, and fairness.
Furthermore, the regulations prohibit the use of standard clauses in all
agreements with consumers.
2. Bank obligations to submit Consumer Protection reports to BI, which
include:
a. Education Implementation Plan Report;
b. Education Implementation Report;
c. Consumer Complaint Resolution Reports; and
d. Other reports related to Consumer Protection
7. Government Regulation No. 34 of 2023 on the Banks are required to calculate and pay the Banking Restructuring
Amount of the Premium Share for Funding the Program (PRP) Premium to LPS based on the combination of bank groups,
Banking Restructuring Program as guided by the provisions of this Government Regulation.
8. Financial Services Authority Regulation 1. Banks can only use audit services from APs for a maximum of 7 years,
(POJK) No. 9 of 2023 on the Use of Public with a break period based on the AP’s role in the engagement, which is
Accountants and Public Accounting Firms in 5 (five) years, 3 (three) years, or 2 (two) years.
Financial Services Activities 2. Adjustments of the provisions to the Bank’s requirements for
submitting AP and/or KAP appointment reports, as well as reports on
the realization of the use of AP and KAP services.
9. Bank Indonesia Regulation No. 11 of 2023 on 1. Banks are required to prepare and submit periodic reports to Bank
Macroprudential Liquidity Incentive Policy Indonesia on the provision of Ultra Micro (UMi) financing.
(KLM) 2. Prepare and submit reports on achieving the Macroprudential
Inclusive Financing Ratio (RPIM) in accordance with BI provisions
regarding RPIM.
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CHANGES IN ACCOUNTING POLICIES
The following financial accounting standards, changes, and interpretations of financial accounting standards were
effective as of January 1, 2023:
1. Amendment to PSAK 1, “Presentation of Financial Statements” related to long-term liabilities with covenants.
2. Amendment to PSAK 1, “Presentation of Financial Statements” regarding the classification of current or non-
current liabilities.
3. Amendment to PSAK 73: “Leases” related to lease liabilities in sale and leaseback transactions.
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Human
Resources
The Bank places a high value on the
management and development of human
resource competencies to help it achieve
its vision and mission.
Human Resources (HR) Development at PT Bank The Human Capital Directorate has the following
Syariah Indonesia Tbk (“BSI,” “Bank”) is of the view that operational responsibilities:
qualified and reliable human resources (HR) is very 1. Lead and carry out functions, duties, and authority
important, because they can contribute to efforts to in the field of human capital in accordance with the
achieve the Bank’s vision and mission. Moreover, the scope of its duties and responsibilities.
Bank aims to “Become a global Top 10 Islamic Bank by 2. Direct, coordinate, and evaluate policies and
market capitalization within 5 (five) years”. To achieve strategies for implementing a comprehensive
this target, excellent human resources are one of the system for employee recruitment, placement,
necessities that must be managed properly, so their transfer, and development, both in the short-,
management is very important. medium-, and long-term.
3. Direct, coordinate, and evaluate policies for
That is why the Bank attends very closely to its HR productive working relations between the Bank
management and development through an end-to-end and employees, including individual employees
employment strategy. The Bank also evaluates and as well as employee relations, in order to create
monitors employee performance to build an organized harmonious industrial relations.
pool of quality talent. In addition, the Bank always 4. Develop and ensure an effective and responsive
strives to create work-life balance and an engaging implementation of operational functions within
workplace where employees feel encouraged to always work units, as well as develop a human capital
deliver their best performances. information system that is up-to-date, integrated,
and easy to use for the work units.
HUMAN CAPITAL ORGANIZATION 5. Develop, coordinate, and evaluate the
At the Bank, HR management is under the Human implementation of the incentive system, benefits,
Capital Directorate, which is assigned strategic and compensation in accordance with the Bank’s
functions, duties, and responsibilities to lead and direct reward philosophy, strategy, and capabilities.
the formulation and reformulation of HR management 6. Direct, coordinate, and evaluate the nurturing of
strategies and policies. The Director also leads and corporate culture to make it more supportive of the
directs the preparation of the Directorate’s business achievement of the Bank’s objectives.
plans and action plans for the short, medium, and long 7. Lead, direct, and coordinate the human capital work
term to keep them consistent with BSI’s corporate units under its oversight.
strategy and plans. 8. Monitor the implementation of compliance and
oversight inherent in the work units under its
oversight.
9. Keep the Bank’s image and foster good relations
with regulators and other stakeholders.
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To effectively carry out the above duties and Human Capital Directorate in accordance with
responsibilities, BSI human capital management is applicable Bank policies and procedures.
authorized to: 4. Act on behalf of the Board of Directors in dealing
1. Give approval to the proposed: with organizations outside the Bank within the
a. Organizational development; scope of duties of the Human Capital Directorate or
b. Personnel transactions; outside the scope of their duties as assigned to it by
c. Manpower Cost Allocation (BTK) and other the Board of Directors.
employment budgets; And 5. Give assessment of the performance of Groups/
d. Company regulations. Work Units/employees under its coordination
2. Members of the Board of Directors become and direct HR policies including promotions,
permanent members for: recruitment and rotation/mutation within the
a. Human capital Committee; Human Capital Directorate in accordance with
b. Risk Management Committee; And applicable Bank policies and procedures.
c. Other committees under the coordination 6. Submit a request for approval of the proposed
of the Board of Directors are formed later in Human Capital Directorate activities which require
accordance with the Bank’s needs. the decision of the Board of Directors’ or authorized
3. Give approval for the allocation of employee Bank Committees’ Meeting in accordance with
training and development expenses, costs for Bank policies and procedures.
procurement of goods and services, determination 7. Determine and/or recommend authority to
of operational loss expenses, management of Bank employees who are under the coordination of
assets, as well as costs to support activities in the the Human Capital Directorate or other scope of
functions as governed under Bank bylaws.
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HUMAN
RESOURCES
Meanwhile, functions under the Human Capital d. Developing digital business by providing Islamic
Directorate include: features, modernizing mobile banking and digital
a. Human capital Strategy & Policy banking as a business driver.
Manage strategies and policies related to human e. Developing Islamic Ecosystem Solution, Wholesale
resource management and development to Business, Transaction, Overseas Branch Dubai and
achieve the company’s vision and mission. Main alternative network channels through branchless
activities include: organization development, banking services (laku pandai).
talent development, talent acquisition, and reward f. Strengthening the 3 lines of defense of IT work
management. units to strengthen IT Governance and increase
b. Human capital Services IT capabilities as well as strengthening the
Manage the operational and administrative functions of BCM, Risk, Compliance, Anti-Fraud
activities of human resource management in in strengthening the implementation of Good
accordance with applicable regulations. Main Corporate Governance.
activities include: payroll management, industrial
relations, TAD management, and human capital EMPLOYEE FULFILLMENT
information system. The recruitment system, in an effort to attain reliable
c. Human Capital Business Partner employees, is a very important process. The process
Manage the implementation of strategies, policies, begins with identifying needs, setting qualification
and programs related to HR management to criteria, and searching for and attracting the best talent
run in accordance with the company’s goals and in the industry. Planning to meet employee needs is set
objectives. out in conjunction with the annual strategic plan.
d. BSI Syariah University
Manage various learning services for employee While these needs are met by both internal and external
competency development and cultural sources, priority is always given to internal sources. The
internalization programs to achieve the company’s process carried out in recruitment activities includes:
vision, mission and strategic goals. 1. Regular Selection
The employee fulfillment route is through
FOCUS OF HR MANAGEMENT AND candidates from:
DEVELOPMENT IN 2023 a. Fresh graduate; or
Organizational development is aligned with PT Bank b. Candidates with a maximum of 2 (two) years
Syariah Indonesia Tbk’s Corporate Plan for 2022-2032 of work experience to assume executive/staff
and consistent with BSI’s aspiration to become a Top 10 positions in the head office, regional offices and
Global Islamic Bank. In achieving these aspirations, BSI work units under its coordination.
continuously reviews the organization to support BSI’s 2. Professional Hire
key metrics, including expanding its customer base, The employee fulfillment route is through
profitability, and volume of bank assets in 2023 through candidates with work experience in fields that
organizational structure adjustments that focus on: match the predetermined qualifications. The
a. Strengthening BSI with a lean organizational selection of professional hires to assume officer/
structure and effective business processes that can manager/middle manager/senior manager levels
speed up and optimize bank services to customers. according to the Bank’s needs.
b. Developing on superior segments and products in 3. Selection of Officer Development Program (ODP)
order that they can contribute directly to financial The route to fulfilling officer position group
indicators. employees from external candidates who are
c. Strengthening BSI performance culture through holders of a minimum Bachelor’s Degree (S1) to be
improvements in Product Holding Ratio (PHR) with developed into future Bank leaders. In 2023 BSI
a customer centric organization approach. hired 199 new recruits through the ODP General,
IT & Digital, and Wholesales program.
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CAREER DEVELOPMENT CORPORATE CULTURE
To manifest its vision of becoming a “Top 10 Global Sharia As part of the State-Owned Enterprises (BUMN)
Bank,” one of BSI’s missions is to become the company of conglomeration, in the context of corporate culture,
choice and pride of Indonesia’s best talents. The Bank’s BSI bears a commitment to implement the Circular
efforts here are realized through a commitment to help Letter of the Ministry of State-Owned Enterprises
the best talents develop their careers at the Bank. No. SE-7/MBU/07/2020 Concerning Core Values for
Human Resources of State-Owned Enterprises. This
BSI has aligned mechanisms for implementing talent policy offers guidance for the process of transforming
development to create the right programs for every Human Resources for Bank Syariah Indonesia to ensure
level of position at the Bank. On top of the mechanisms, serious, consistent, and consistent implementation to
BSI also carries out talent identification in an effort produce daily behavior and form a BSI work culture that
to screen potential employees to prepare them as is consistent with its stated core values.
successors capable of assuming key positions.
By adopting the above core values AKHLAK
Employee career development is carried out in a (Trustworthy, Competent, Harmonious, Loyal,
structured manner depending on position groups, Adaptive and Collaborative), BSI is looking to create a
from the executive to the senior manager position performance-based culture. Amidst difficult challenges
group, running through 2 (two) levels, namely career in the initial years of establishment, BSI has shown
development through executive and leadership paths. steady performance and earned the trust of society at
large.
Career development for executive employees to
become leadership employees is carried out through Referring to BSI’s Culture Roadmap, 2 (two) years into
the Staff Development Program (SDP) selection the merger, the Bank has focused on running the process
process. Meanwhile, career development for leadership of cultural integration, alignment, and internalization. In
employees is carried out through transfers/rotations/ 2023, BSI took culture-strengthening measures.
promotions or project assignments, such as assignments
to the Ministry of BUMN or to the parent company. This strengthening involved leaders in all programs as a
cultural transformation process, increasing the number
In order to support digital transformation, the Bank of Change Agents (CA) by providing refreshment
has created a talent management system to assist in and training to Change Agents as well as monitoring
the process of talent data management, which also its implementation in all work units. Apart from
serves as the basis for a faster and more accurate structural leaders, cultural programs also engaged the
management decision-making process. At the initial management, such as the Board of Directors, Board
stage, the Bank’s Human Capital Division has created of Commissioners, and Sharia Supervisory Board, in
employee placement and assignment policies where cultural programs, both routine and across directorates
the employment panel is governed to set authorities and regions.
that can decide on the Bank’s employment transaction
process.
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HUMAN
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Culture Integration
• Culture Program Alignment
• Internalization AKHLAK
• Employee Induction
• Measurement & Monitoring Culture
Risk Culture
• Risk Awareness Campaign
Spiritual & Engagement Activity • Risk Awareness Forum
• Spiritual & Activity Forum • Fraud Prevention Program
• Community Development Integration • Know Your Employee
• Change Agent Development
• Pension Training and Appreciation
Culture Performance Culture
Transformation • Performance Culture Campaign
• Communication Forum
Innovation Culture Program • Recognition & Excellence Award
• 1 Unit 1 Innovation
• Innovation Webinar
• Innovation Incubation
• Innovation Competition
Coaching Culture
Digital Culture • Coaching Behavior
• Digital Mindset
• Acknowledge & Validate
• Agile
• Allocate Time to Develop
• Global Perspective
The consistent and unwavering effort has driven An effective use of the website automatically improves
improvements in the way employees see how they the quality of innovation proposals with higher accuracy
should live up to the AKHLAK values at BSI. The internal of assessment and a faster selection process. In 2023,
measurements of the role of leaders as role models BSI has incubated 5 (five) ideas that can be implemented
for implementing AKHLAK earned BSI a score of 4.00 related to strengthening and improving the customer
(falling under the appropriate predicate). Change agents base, profitability, volume, and quality.
as a driving force for change at the work unit level also
continued to improve, both in quantity and quality. As REWARDS SYSTEM
of December 2023, a total of 2,206 change agents had The management of the reward system is one of the
been educated (1 outlet, 2 CA). Bank’s strategies to reward the employees, both
financial and non-financial, that are competitive
Further, BSI consistently revives innovation culture for with due consideration for the Bank’s capabilities.
its importance in helping the Bank expand and realize Rewards are given with a priority on the principles of
its vision of becoming a “Top 10 Global Islamic Bank.” competitiveness and fairness based on performance
At BSI, innovation culture is nurtured routinely every and risks, with due consideration for the best practices
year. It began in 2022, when the focus was to encourage in the banking industry.
employees to come up with as many innovation ideas
as possible (quantity). In 2023, BSI shifted the focus In order to maintain a competitive position in the market,
to quality innovations through a simplified process of the Bank regularly participates in the annual salary
collecting innovation proposals using the website and survey in the banking industry in Indonesia, conducted
using AI in the innovation proposal screening process. by independent and competent survey institutions.
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Giving rewards has the particular purpose of maintaining WELL-BEING
a competitive position in the market, retaining and BSI has several welfare programs as part of the Bank’s
motivating employees, especially the Bank’s talents, commitment to produce quality and productive human
while attracting the best talent in the industry that the resources that are capable of delivering the best,
Bank is in need of in order to achieve business goals and including:
maintain business sustainability. 1. Health
Employee health is something that needs attention
One of the financial rewards that BSI provides to due to its important role in supporting employee
employees is its performance-based annual bonus performance as individuals and the company as
for work units and employees. The Bank also makes a whole. Therefore, the Bank always strives to
annual salary adjustments using applicable government support the health quality of all employees by
regulations as guidance, including holiday allowance providing general medical check-up facilities and
(THR), annual leave allowance, and long leave allowance, health insurance facilities to all employees while
which is given every 3 (three) year work period. also having them registered as beneficiaries in the
BPJS Health program.”
To keep its employees motivated about reaching
business targets, the Bank also runs special incentive During the pandemic, employees would receive
programs. The incentives are set with due consideration updated information to prevent the spread of
for competitive nominal value, internal equity, and risks. COVID-19 from health experts through the “Taujih
Pekanan Ber-AKHLAK” forum in order to make
Non-financial rewards, such as those from the Employee them more motivated to stay fit and healthy. Apart
Stock Allocation (ESA) program, are also given. BSI also from employees, the Bank also provides health
gives other assistance, such as scholarships for the facilities to employee families.
children of its ceased employees and for employees
going through natural disasters and riots. Apart from that, Bank Syariah Indonesia also has
a BSI Club, whose activities include routine sports
The Bank also gives non-financial forms of appreciation and exercises. The BSI Club is also expected to
to work units and individuals with the best innovations improve employee health as well as provide a place
that have an impact on the Bank’s performance. They where employees can exchange ideas to improve
include specific unit or individual achievements that the Bank’s performance.
have a significant impact on BSI’s business, performance, 2. Promotion
and reputation. This highest form of appreciation is One form of employee career development
given at the “BSI Excellence Award” event. is through promotion. The Bank classifies the
promotion process as follows:
Apart from financial and non-financial rewards, the Bank a. Job Promotion
also provides other benefits to employees in the form of Job promotion is the process by which an
health facilities, leaves, financing, and other facilities employee is promoted from a lover to a higher
depending on their positions and places of assignment. position group. Career path advancement
Health facilities are provided in the form of health begins when employees meet job qualifications
insurance with broad coverage and improved benefits, in accordance with the required criteria for the
as well as special services, including critical illnesses open position.
and medical procedures that require sophisticated b. Grade Promotion
equipment. Grade promotion is the process by which
a grade is adjusted to a higher grade. The
Bank may consider giving grade promotions
to employees who meet the established
parameters according to the Bank’s capabilities.
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HUMAN
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3. Retirement Training employee performance. The entire performance
The Bank has developed a policy for training management process is run virtually through the
or provision programs for employees who are Employee Information System (SIP), which employees
approaching retirement age, so trainings can be can easily access and facilitate the storage of all
held in a structured manner with clear and more information about employee performance. Feedback on
planned criteria for participants and time. The the year-end performance assessment will be used as an
spouses of retiring employees are welcome to join. employee development plan for the following year.
PERFORMANCE ASSESSMENT REMUNERATION
BSI implements a transparent employee performance In managing employee remuneration, the Bank has
appraisal system, with the following objectives: adopted the following 3P principles:
1. Support the achievement of organizational goals 1. Pay for Performance: employees are given
through employee performance achievements. compensations according to their performance.
2. Develop a positive and performance-oriented 2. Pay for Position: employees are given compensation
corporate culture. according to their position.
3. Increase employee engagement. 3. Pay for Person: employees are given compensation
according to their individual skills.
The performance management process is run
continuously by ensuring harmony, which is how to BSI always complies with all applicable employment
translate corporate goals into targets and goals for regulations on remuneration. The amount of
work units and individuals. This should maintain a remuneration provided has been regulatory adjusted
strategic alignment of corporate with individual, and and is above the minimum wage applicable in the Bank’s
there is a link between individual performance and Bank operational area. The Bank always strives to maintain
performance. the salary ratio gap for all employees to avoid too big a
gap.
The annual performance management cycle starts
with performance planning to prepare employee KPIs EMPLOYEE TURNOVER RATE
(key performance indicators), followed by a mid-year In 2023, 689 of its employees no longer worked for the
review) to see the progress employees make in terms of Bank, representing 3.78% of the Bank’s total headcount
KPI achievements for that specific period. The ending of 18,221 employees. Among the causes are retirement,
phase is year-end evaluation (performance evaluation) death, and resignation. The details are as follows:
to assess employee performance from the beginning to
the end of the year.
Reason 2023 2022
In the process of managing employee performance, Retired 62 61
the Bank places priority on the creation of 2 (two) Ceased 21 26
way employee-manager communication to create a Resigned 606 762
harmonious relationship where managers can give
Total 689 849
suggestions/feedback for improvements to improve
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COMPETENCY TRAINING & DEVELOPMENT
HR Development Expense
Until the end of the 2023 financial year, BSI had spent Rp 90.6 billion on employee competency development. For the
upcoming year 2024, the Bank has allocated an estimated budget of Rp135 billion.
Employee Competency Development
Master Scholarship
Training Program Training Participants
Program
1,118 Program 521,036 Participants
21 Participants
BSI Scholarship Program
As a form of employee development and talent retention, the Bank has a Masters Scholarship program for selected
top talent of the Bank. Selected top talent get the opportunity to pursue formal postgraduate education both at home
and abroad at the best universities in the world.
In 2023, there are 16 employees who are currently pursuing postgraduate scholarship studies at the best universities
in the country (Top 5 Universities in Indonesia) and at the best universities abroad (Top 50 in the world). The fields
of study include International Business, Business Administration, Management, Information Technology, and Digital
Marketing.
In addition to S2 scholarships from the Bank, BSI also supports outstanding employees by providing sponsorship
scholarships. Throughout 2023 there were 5 outstanding employees who received sponsorship scholarships from BSI
who were studying at the best universities at home and abroad.
Details of competency development are presented in the table below.
Position Total
No. Type of Training Training Objectives Organizer
Level Participants
1 Senior 206 Certification & To ensure employee competency BSI Corporate
Manager Socialization in accordance with performance University
competency standards in their position
& to increase employee insight and
competency regarding new provisions/
regulations related to existing
regulations
1,085 Change & Culture To increase employee insight and BSI Corporate
Development competence in implementing company University
culture in accordance with the values in
AKHLAK
572 General & Leadership To increase the leadership capacity and BSI Corporate
expertise of Bank leaders University
17 Technical Skill - To give more insights and increase BSI Corporate
Operations employee competence in the Marketing University
and Sales, Service, Branch Operations,
Wholesale and Transaction Banking,
and Banking Operations segments
237 Technical Skill - Retail To give more insights and increase BSI Corporate
Banking employee competence in the Small University
and Medium Enterprises, Pawn Shop,
Consumer and Micro segments
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HUMAN
RESOURCES
Position Total
No. Type of Training Training Objectives Organizer
Level Participants
134 Technical Skill - To develop competence in the Finance BSI Corporate
Support and Accounting, Procurement, Fixed University
Asset, Change Management Office,
IT, Wholesale and Retail Risk, Risk
Management (Enterprise), Audit,
Compliance and Legal segments as well
as the Information Technology and
Support sector
118 Technical Skill - To give more insights and increase BSI Corporate
Wholesale Banking employee competence in Wholesale University
Banking (corporate and commercial),
Government, Special Asset
Management, Treasury, & International
Banking segments
Total 2,369
2 Middle 664 Certification & To ensure employee competency BSI Corporate
Manager Socialization in accordance with performance University
competency standards in their position
& to increase employee insight and
competency regarding new provisions/
regulations related to existing
regulations
6,920 Change & Culture To increase employee insight and BSI Corporate
Development competence in implementing company University
culture in accordance with the values in
AKHLAK
1,898 General & Leadership To increase the leadership capacity and BSI Corporate
expertise of Bank leaders University
340 Technical Skill - To give more insights and increase BSI Corporate
Operations employee competence in the Marketing University
and Sales, Service, Branch Operations,
Wholesale and Transaction Banking,
and Banking Operations segments
1,814 Technical Skill - Retail To give more insights and increase BSI Corporate
Banking employee competence in the Small University
and Medium Enterprises, Pawn Shop,
Consumer and Micro segments
1,234 Technical Skill - To develop competence in the Finance BSI Corporate
Support and Accounting, Procurement, Fixed University
Asset, Change Management Office,
IT, Wholesale and Retail Risk, Risk
Management (Enterprise), Audit,
Compliance and Legal segments as well
as the Information Technology and
Support sector
511 Technical Skill - To give more insights and increase BSI Corporate
Wholesale Banking employee competence in Wholesale University
Banking (corporate and commercial),
Government, Special Asset
Management, Treasury, & International
Banking segments
Total 13,381
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Position Total
No. Type of Training Training Objectives Organizer
Level Participants
3 Manager 2,670 Certification & To ensure employee competency BSI Corporate
Socialization in accordance with performance University
competency standards in their position
& to increase employee insight and
competency regarding new provisions/
regulations related to existing
regulations
42,243 Change & Culture To increase employee insight and BSI Corporate
Development competence in implementing company University
culture in accordance with the values in
AKHLAK
4,694 General & Leadership To increase the leadership capacity and BSI Corporate
expertise of Bank leaders University
2,171 Technical Skill - To give more insights and increase BSI Corporate
Operations employee competence in the Marketing University
and Sales, Service, Branch Operations,
Wholesale and Transaction Banking,
and Banking Operations segments
12,388 Technical Skill - Retail To give more insights and increase BSI Corporate
Banking employee competence in the Small University
and Medium Enterprises, Pawn Shop,
Consumer and Micro segments
5,896 Technical Skill - To develop competence in the Finance BSI Corporate
Support and Accounting, Procurement, Fixed University
Asset, Change Management Office,
IT, Wholesale and Retail Risk, Risk
Management (Enterprise), Audit,
Compliance and Legal segments as well
as the Information Technology and
Support sector
1,695 Technical Skill - To give more insights and increase BSI Corporate
Wholesale Banking employee competence in Wholesale University
Banking (corporate and commercial),
Government, Special Asset
Management, Treasury, & International
Banking segments
Total 71,757
4 Officer 4,424 Certification & To ensure employee competency BSI Corporate
Socialization in accordance with performance University
competency standards in their position
& to increase employee insight and
competency regarding new provisions/
regulations related to existing
regulations
116,160 Change & Culture To increase employee insight and BSI Corporate
Development competence in implementing company University
culture in accordance with the values in
AKHLAK
1,776 General & Leadership To increase the leadership capacity and BSI Corporate
expertise of Bank leaders University
5,046 Technical Skill - To give more insights and increase BSI Corporate
Operations employee competence in the Marketing University
and Sales, Service, Branch Operations,
Wholesale and Transaction Banking,
and Banking Operations segments
33,219 Technical Skill - Retail To give more insights and increase BSI Corporate
Banking employee competence in the Small University
and Medium Enterprises, Pawn Shop,
Consumer and Micro segments
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HUMAN
RESOURCES
Position Total
No. Type of Training Training Objectives Organizer
Level Participants
14,716 Technical Skill - To develop competence in the Finance BSI Corporate
Support and Accounting, Procurement, Fixed University
Asset, Change Management Office,
IT, Wholesale and Retail Risk, Risk
Management (Enterprise), Audit,
Compliance and Legal segments as well
as the Information Technology and
Support sector
3,083 Technical Skill - To give more insights and increase BSI Corporate
Wholesale Banking employee competence in Wholesale University
Banking (corporate and commercial),
Government, Special Asset
Management, Treasury, & International
Banking segments
Total 178,424
5 Staff 2,946 Certification & To ensure employee competency BSI Corporate
Socialization in accordance with performance University
competency standards in their position
& to increase employee insight and
competency regarding new provisions/
regulations related to existing
regulations
183,339 Change & Culture To increase employee insight and BSI Corporate
Development competence in implementing company University
culture in accordance with the values in
AKHLAK
2,139 General & Leadership To increase the leadership capacity and BSI Corporate
expertise of Bank leaders University
4,455 Technical Skill - To give more insights and increase BSI Corporate
Operations employee competence in the Marketing University
and Sales, Service, Branch Operations,
Wholesale and Transaction Banking,
and Banking Operations segments
43,016 Technical Skill - Retail To give more insights and increase BSI Corporate
Banking employee competence in the Small University
and Medium Enterprises, Pawn Shop,
Consumer and Micro segments
16,433 Technical Skill - To develop competence in the Finance BSI Corporate
Support and Accounting, Procurement, Fixed University
Asset, Change Management Office,
IT, Wholesale and Retail Risk, Risk
Management (Enterprise), Audit,
Compliance and Legal segments as well
as the Information Technology and
Support sector
2,777 Technical Skill - To give more insights and increase BSI Corporate
Wholesale Banking employee competence in Wholesale University
Banking (corporate and commercial),
Government, Special Asset
Management, Treasury, & International
Banking segments
Total 255,105
Grand Total 521,036
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EMPLOYEE DEMOGRAPHICS
Details of employee demographics are presented in the “Company Profile” of this Annual Report.
DISPUTE SETTLEMENT MECHANISM IN INDUSTRIAL RELATIONS
In order to make BSI an engaging workplace for its employees, the Bank has developed regulations on complaint
handling through Article 55 of the PT Bank Syariah Indonesia Tbk Company Bylaws for 2021–2023. This regulation
offers guidance for procedures to support the presentation and settlement of complaints and/or industrial relations
disputes by means of deliberation to reach consensus.
This is consistent with BSI’s spirit with regards to handling complaints. Every employee has the right to inform their
direct supervisors relating to industrial relations on condition that they meet the requirements. Every complaint
submitted must be settled through deliberation to reach a consensus.
Given below is the mechanism for submitting and settling complaints:
Agree or
Phase Resolution Mechanism Disagree
Phase 1
Meeting with Direct Supervisor
Filling out the Complaint Form
Phase 2 Meeting with the supervisor of the immediate
Filling out the Phase 2 Complaint Form supervisor
Completed
Phase 3 (Bipartite Negotiation) Meeting with the head of the work unit or
• Filling out the Phase 3 Complaint Form regional head with the knowledge of the
• Assistance by the Labor Union (if required) human resources management unit
Phase 4
If the issue has not been resolved internally
(bipartite), then settlement efforts are carried Disnaker to PHI
out in accordance with applicable laws and
regulations
HR MANAGEMENT PLANNING FOR 2024
In 2024, HR management will not only focus on increasing HR productivity but also on developing global banking
capabilities to support the Bank’s vision of becoming a top 10 global Islamic bank. The Bank will also make improvements
in various aspects of human capital to increase employee engagement, such as developing the HC Information system,
developing talent programs, formulating innovative reward programs, and strengthening the work culture.
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Information
Technology
At BSI, IT management is focused on ensuring
reliability as well as security, particularly system
stability, infrastructure standardization, and
security improvement.
PT Bank Syariah Indonesia Tbk (“BSI,” “Bank”) relies MANAGING ORGANIZATION
heavily on information technology (IT) as a business The IT Directorate oversees the IT management
driver, particularly in providing modern technology and organization at BSI, which is supported by the following
infrastructure to support business breakthroughs in structures: IT Strategic Planning Group (ISG), IT
response to market demands. Fast, precise, and reliable Operation Group (IOG), IT & Digital Development Group
technology is presented to support BSI in achieving its (IDG), Chief Information Security Office Group (CSO),
vision of becoming the “Top 10 Global Sharia Banks” IT Application Support Group (ASP), Data & Decision
based on market capitalization in 2025. Management Group (DDM), and Senior Operational
Risk Head (SORH)/Decentralized Compliance and
IT management at the Bank is focused on ensuring Operational Risk (DCOR) IT.
the reliability and security of BSI systems, specifically
system stabilization, infrastructure standardization, and IOG is responsible for IT operations, whereas ISG is in
future security improvements. The Bank is transforming charge of strategic planning. IT development is handled
by preparing cutting-edge technology for future by IDG, application testing by ASP, IT information
development. security by CSO, and the data structure of the system/
application to be developed by DDM.
The Bank digitizes processes to improve services
through its office network. The digital development IT operational implementation starting from strategy
process employs agile methods that allow for rapid setting, planning, development and problem handling,
response to market needs. is the responsibility of the ISG, IDG, IOG, CSO, and
DDM work units, while the IT compliance assurance and
PROFILE OF THE HEAD OF IT operational risk functions are in SORH in coordination
The IT management organization is led by the Director with DCOR IT.
of Information Technology, Saladin D. Effendi. His full
profile is available in the “Company Profile” chapter
contained in this Annual Report.
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The following table describes the delegation of duties and responsibilities within the IT organization.
Work Unit Roles and Responsibilities
IT Strategic Planning Group 1. Ensuring the planning of IT Architecture and implementation of IT strategic initiative
projects that are in accordance with the Bank’s plans.
2. Ensuring that the implementation of project is in accordance with the scope, timeline, and
available budget.
3. Ensuring the implementation of good IT governance.
4. IT Infrastructure Capacity Planning.
IT Operation Group 1. Ensuring the availability of IT infrastructure and operational continuity.
2. Implementing business continuity management - disaster recovery plan.
3. Maintaining network availability to manage operations.
IT Digital & Development 1. Ensuring that the implementation of IT development activities is in accordance with the
Group business strategy plan and the Bank’s business plan, as well as in accordance with the Bank’s
provisions.
2. Ensuring that the implementation of IT development includes managing functional and
technical specifications, defining and designing solutions, managing developers, managing
development and unit testing, providing support for application deployment/releases in
accordance with IT policies and procedures.
3. Ensuring the implementation of planning (design), development, system integration test, and
platform improvements/enhancements.
Chief Information Security 1. Responsible for IT information security, including playing a role in the IT planning and
Officer Group development process in terms of information security.
2. Handling information security incidents (cyber security protection, response, and recovery).
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INFORMATION
TECHNOLOGY
Work Unit Roles and Responsibilities
IT Application Support Group 1. IT Release Management, conducting RCB process.
2. IT Testing, preparing draft test scripts for SIT trials.
3. IT Quality Assurance (IT QA), preparing UAT Minutes and UAT results.
4. IT Performance & Automation Test, coordinating with third parties to implement stress tests
and automation tests, and documenting the test results in the SIT Report.
5. IT Environment Test, coordinating with IT Operations in preparing the testing environment
and Staging/PTR.
6. IT Application Service, conducting root cause analysis and end-to-end system development
improvements for incidents and problems that occur.
Data & Decision Management 1. Providing reviews and recommendations related to the data structure of the system/
Group application to be developed.
2. Ensuring the system/application developed has adequate validation, and in accordance with
the reporting needs to the applicable regulator.
Senior Operational Risk 1. Providing review and business process of work units under his/her coordination in
Head (SORH)/Decentralized accordance with applicable provisions referring to internal and external bank provisions.
Compliance and Operational 2. Providing risk opinion on operational issues/problems.
Risk (DCOR) IT 3. Ensuring the implementation of control testing (CT) in each work unit.
4. Ensuring the implementation of the compliance function.
5. Coordinating, ensuring and monitoring managed work units in following-up audit findings/
requests and providing advice on the completion/follow-up of audit findings by managed/
related work units.
6. Assisting the smooth process of internal and external audits (including: BI, OJK, BPK, KAP,
etc.) together with the Internal Audit Unit.
IT ROADMAP 4. Integrated Data Management Monitoring and
IT planning and development, in this case technology Reporting
and infrastructure, are carried out in accordance with Establishment and improvement of enterprise data
the Bank’s vision to support the BSI 2024 strategy, warehouses and big data analysis to activate data-
which includes the modernization of core banking as as-a-service as well as information management
well as the strengthening of business and digital banking. tools that can be used by employees to perform
To support the BSI strategy, the 7+ IT Stars (Strategic independent monitoring and reporting.
Action and Programs) are applied and implemented, 5. Organization, Corporate Support & Internal
including: Improvements
1. Security, Risk and Fraud Establishment and improvement of the Company’s
Establishing and improving security perimeters, core functions to support the Bank’s operations
risk management, as well as fraud & AML in order and internal processes, as well as organizational
to protect customers and banking transaction improvement.
processes. 6. Unified Platform & Customer 360
2. Core System Modernization The use of a single main platform to accommodate
Implementation of core banking modernization all work flow capabilities was assisted by the
initiative to simplify the core banking system, improvement of the data center and integrated
improve core functions, and enable the next customer service (customer relationship) in sales,
generation of core banking to support diverse marketing, and campaign management areas to
banking products and services. increase engagement with customers.
3. Infrastructure & Connectivity 7. Digital Expansion & Open Banking
Establishment and improvement of infrastructure Improvement and expansion of the digital
and connectivity tools, applications, and hardware distribution network, sales, and omni-channel,
that combine various technologies to support the including by increasing integration capabilities
Bank’s business. with various methods and strategies to allow open
banking with seamless and secure connectivity,
internally and externally.
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8. Environment, Social, & Governance (ESG) The agile methodology at BSI is based on the SCRUM
Implementation of the Company’s sustainable framework. The Bank divides the development phase
strategy in conducting development (investment) into requirements, design, development, testing, the
that provides added value in environmental, social, Release Control Board (RCB), deployment to the
governance (corporate governance) aspects and production environment, and the Post Implementation
is able to become a pioneer (agent of change) for Review (PIR).
sharia economics in Indonesia.
Mechanism of Disruption Identification
IT GOVERNANCE The mechanism of disruption identification at Bank
The IT and software development processes employ Syariah Indonesia (BSI) has been regulated in general
a hybrid approach that combines agile and waterfall provisions related to Business Continuity Management
methodologies. The agile method is appropriate for (BCM) and specifically in the Operational Technical
applications that require a quick time to market, such as Guidelines (PTO) of the Business Continuity Plan (BCP).
mobile banking, internet banking, and APIs. This method
is carried out in a series of sprints, with targets in each In the event of an IT disruption, the Bank handles it
sprint. based on the stages of disaster event identification
so that follow-up can be carried out according to the
identification results and the authority of the Crisis
Management Team (CMT) organizational structure.
Business as Response Recover Restore
Usual
d. Activation of Work
c. Mobilization to Environment at
Alternate Site Alternate Site
e. Activation of
Business a. Disruption b. Impact Work Equipment
Continuity Plan Identification e. Data Recovery 8. Return to Main Location
Analysis and Applications at
(BCP) and Escalation Alternate Site
f. Business Process Recovery
Cyber Security Strategy
BSI implements all IT policies and standard procedures in the Bank and ensures that any information owned by IT user
work units is well protected against any disruptions that could result in losses due to the leakage of critical data or
information. The Bank ensures adequate security oversight in any IT system development or modification and ensures
the Bank’s cyber resilience and security independently of the IT operational management function.
The application of the basic principles of cybersecurity at BSI, among others:
1. Information is an asset
2. Risk compatibility
3. Compliance with regulations
4. Granting of approval
5. Adaptable and measurable
6. System safe by design
7. Layered defense
8. Segregation of duties and access restrictions
9. Accountability
10. Audit
11. Continuous improvement
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Performance Management Report Company Profile Management Discussion and Analysis
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INFORMATION
TECHNOLOGY
Criteria in the Cyber security controls used:
1. Confidentiality
2. Integrity
3. Availability
Furthermore, BSI has established a Chief Security Officer Office Group (CSO) work unit that manages cybersecurity
and includes the following capabilities:
1. Security Project & QA
2. Application Identity Management
3. Network Access & Data Protection
4. IT Security Services
5. IT Security Operations
6. Security Operation Center
BSI also implements multi-layer defense based on system, perimeter, and application security, among others:
1. System Security on R1 (Server) and R3 (Endpoint) Application Identity Management
2. Perimeter Security on Internet, Leased Line, Site to Site VPN, and Intranet
3. Application Security for Web App & Mobile App, Bank Apps, and email
In addition, in terms of early mitigation, BSI has implemented Security Operation Center activities and Threat
Intelligence activities. The goal is to prevent cyber attacks.
Disaster Recovery Strategy/Process
In principle, the Bank’s need during a crisis condition is to create a business back to normal conditions. The disaster
recovery process is an integration between Emergency Response (ER), Business Continuity (BC), and Data Recovery
(DR).
The Bank has a crisis management procedure, which includes identification of disruptions, crisis declaration process,
and activation of recovery activities. The Crisis Management Plan procedure flow is as follows:
01
Disturbance
Identification
07 and Escalation 02
CMT Crisis
Deactivation Declaration
Strategi/ Proses
Pemulihan Bencana
06 03
(Disaster Recovery)
Extraordinary CMTCC
Event Activation
Reporting
05 04
Activation
Crisis of Recovery
Information Activities and
Management Periodic Reporting
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A detailed explanation of the crisis handling procedure the Communication Team Coordinator, CM
is as follows: Team Coordinator, ER Team coordinator, BC
1. Disturbance Identification and Escalation Team Coordinator, and DR Team Coordinator.
a. The affected Party employees detect any d. After receiving progress reports, the CMT
Extraordinary Event disturbances and make participates in providing advice on recovery
corrective efforts. activities.
b. The affected Employees/Parties then make 5. Mechanism of Crisis Information Management
a report and escalate it to the relevant Team a. Related parties convey the existence of
Coordinator. negative articles in the media that risk the
c. The CM, ER, BC, and DR Team Coordinator Bank’s reputation and have a large impact.
evaluates and analyzes the Extraordinary b. The work unit related to the substance or
Event report. In evaluating and analyzing, the matter in the negative article compiles a
relevant Team Coordinator may consult with chronology.
the BCM Command Center. c. If necessary, the reviewer unit can provide a
d. If it has the potential to become a crisis, then review of the substance of the negative article
the relevant Team Coordinator escalates to the and the chronology.
CMT Chairperson. d. The negative article, chronology, and review
2. Crisis Declaration are then reviewed and analyzed by the
a. The CMT Chairperson receives a report Coordinator of the Internal and/or External
analyzing the disruption of an Extraordinary Communication Team.
Event that has the potential to become a crisis. e. The Coordinator of the Internal and/or External
b. The report of disturbance that has the potential Communication Team then issues a proposal
to become a crisis is then verified. In conducting for Information Management Strategies and
verification, the local CMT Chairperson can Tactics and requests approval from the CMT
consult with the CMT/CMT Chairperson at the Chairperson.
upper level. f. Upon approval, the CMT Chairperson ensures
c. If the disturbance cannot be handled and the implementation of the Strategy and Tactics.
has the potential to become a crisis, the CMT Then the Coordinator of Internal and/or
Chairperson will conduct a “Crisis Declaration” External Communication Team together with
if action is needed. the Relevant Parties carry out the execution.
3. Activation of Crisis Management Team Crisis g. The Coordinator of Internal and/or External
Center (CMTCC) Communication Team carries out the execution
a. CM Service as the organizer, activates the and continues to monitor and report.
Virtual or Physical CMTCC after receiving 6. Extraordinary Event Reporting/Crisis
instructions from the CMT Chairperson. Communication
b. The CMT can coordinate at the Virtual CMTCC a. The CMT chairperson of the Head Office
or if a meeting is required, it is conducted at the discusses and orders the creation of the
Physical CMTCC. Extraordinary Event Reporting.
c. If the Main Physical CMTCC can be used, the b. The Coordinator of External Communication
CMT will gather in the CMTCC room. However, Team of the Head Office then collects
if the Main Physical CMTCC cannot be used, information related to the needs of external
the Alternate Physical CMTCC needs to be communication from the Related Parties.
activated. c. After obtaining the required data, the External
4. Activation of Recovery Activities and Periodic Communication Team of the Head Office
Reporting prepares a Press Release Draft and then
a. The CMT Chairperson leads, coordinates, and requests approval from the CMT Chairperson
instructs the Recovery Activities. of the Head Office.
b. The Internal & External Communication d. After the Press Release Draft is approved, the
Team Coordinator, CM, ER, BC, DR Team Coordinator of External Communication Team
Coordinators execute the communication, of the Head Office will consider organizing
recovery plan and report progress to the CM/ a Press Conference or conducting a Press
ER/BC/DR Services, CMT Vice Chairperson, Release.
and CMT Chairperson. e. If conducting a Press Conference, the
c. The CM/ER/BC/DR Services is in charge of appointed Bank Spokesperson is responsible
guiding and advising on recovery activities to for delivering and responding to messages
from external parties.
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INFORMATION
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7. Deactivation of Crisis Management Team (CMT)
a. The External Communication Team, CM Team Coordinator, ER Team Coordinator, BC Team Coordinator, DR
Team Coordinator completed communication and recovery activities at the affected locations.
b. The CMT Chairperson evaluates the post-crisis and continues to communicate with the CMT.
c. Once the crisis is considered over, then at the Region/Area/Branch/KLN level, the local CMT Chairperson
declares the end of the crisis and operations return as usual.
d. At the Head Office level, the CMT Chairperson of the Head Office declares the end of the crisis and then
continues the handover of business-as-usual supervision to the Head of BCM.
Reporting System to the Board of Directors
With regard to reporting to the Board of Directors on IT dynamics, the Bank has procedures in place, as outlined
below.
Team 1 to 5
Pre Crisis (IT Incident)
CMT Chairperson
and Head of BCM
CMT Chairperson
and Head of BCM
Coordinating with CMT members
at the Command Center
• After receiving the update
from GH IOG/CSO, the CMT
Chairperson and/or Head of BCM
• Receiving IT Incident Report
will conduct a brief analysis.
• Detecting the Problem
• With consideration of the analysis,
• Following up on incident handling
the Crisis Management Team
• Updating to DIR IT, DIR RISK,
(CMT) is declared/activated.
SOR1 IT and BCM
• Service Deactivation (according to
authority)
• Preparing Holding Statement &
Reporting
• Preparing Switch Over
• SteerCo BCM
• Crisis declaration & CMT
Activation CMT Members
• Switch over decision
1. IOG 7. CSG
2. HCP 8. CFA
3. HCS 9. PFA
4. CSO 10. SPM
5. BCM 11. ASP
6. DSG 12. Unit Support
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Flow of IT Incident Crisis Escalation Process
IT Incident Crisis for Critical Applications
BUSINESS
CMT Chairperson CMT Members AS USUAL
and Head of BCM CMT Chairperson Board of
and Head of BCM Directors DAN PRESS
CMT Chairperson and Head of BCM:
Reporting to Management and as Lead of
RELEASE
IT Incident Crisis
IOG / CSO / ASP:
• Completion of Fixing/Switch Over
• Preparing a written report to the
Regulator regarding the IT Incident:
IOG -> non-Cyber Incident
CSO -> Cyber Incident
as the provisions:
- Maximum 5 Working Days to OJK after
the incident occurred (according to CMT Chairperson
GH IOG/CSO
POJK 11 Year 2022) and Head of BCM
- Maximum 3 Working Days to BI related SOR1 IT
to payment system (OPG/TGM/DBO)
after the incident occurred (according
to PBI 23/6/PBI/2021) IOG/CSO:
Reporting to CMT
SOR1 IT: Supervision on Reporting Chairperson and Vice
Chairperson that services
Completion & Verification
are back to normal
CMT Members
ISG: PMO Coordinator CMT Chairperson and
SOR1 IT: Head of BCM:
CSG: Courtesy & Press Release Evaluating activities Deactivating the CMT
according to the escalation and compiling the incident
CCG: Handling customer complaints process flow report
through contact center and media
CSG & CCG: Publicizing
HCP & HCS: Internal Communication & that the service has
Employee Deployment returned to normal
SME*): RCA Research
SPM & CFA: Finance
SOR1 IT: RCA Research
Supervision
DSG: Network Coordinator (Region, Area
and Branch) *) Subject Matrix Expert
(SME) is someone who has
CPG: Support Compliance expertise or ability in the
field of work according to
their field
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Flow of IT Incident Escalation Process
IT Incident for Critical Applications
Team 1 Team 2 Team 3 Team 4 Team 5
Crisis
0 Minute 15 Minutes Maximum 20 Minutes Maximum 30 Minutes Maximum 60 Minutes Maximum
60 Minute Maximum Escalation
Calltree via Teams Information conveyed to Director of IT by 5th Minute SteerCo BCM
CMT CHAIRPERSON
LAYER 1 LAYER 2 & 3 DH GROUP HEAD GROUP HEAD DIRECTOR OF IT
IOG: IOG/CSO: IOG/CSO: IOG/CSO: DIRECTOR OF IT:
• Receiving Incident • Escalation to Team 3 • Updating to Director • Updating report • Receiving update
Reports from First • IOG: Temporary of IT, Director of Risk, to Director of IT & report from Group
Layer*) feature deactivation SOR1 & BCM Director of Risk Head IOG/CSO
• Administration in in coordination with • Temporary feature • Monitoring progress • Coordinating with
ITKu GH**) deactivation**) of further handling Director of Risk as
• Escalation to Team 2 • CSO: Access closure • Leading and (incident repair) Counterparty
• Informing BCM KP in coordination with monitoring the • Parallel prepare team • Updating incident
via Teams GH***) progress of further for Switch Over if handling follow-up to
• Detecting the • Following up on handling needed (coordination SteerCo BCM STEERING
Problem handling (Incident • Preparing reports to with ASP, SOR1 IT • Extension of incident COMMITTEE
Repair) regulators regarding and BCM) handling time
BCM: • Activating Calltree IT incidents:****) • Has the authority
Overseeing and via Teams according IOG -> non-Cyber SOR1 IT & BCM: to deactivate the
Ensuring the flow of the to the type of Incident Supporting IOG to application
IT incident process incident: CSO -> Cyber prepare for Switch Over • Crisis declaration &
IOG -> non-Cyber Incident CMT Activation
Incident OPG -> RTGS, SKN • Decision to Switch
CSO -> Cyber dan SSSS Over*****)
Incident TGM -> ETP
Audience Calltree: DBO -> BI-Fast and BCM:
IOG, ASP, CSO, DDM QRIS Preparing SteerCo
& BCM BCM
CSG & CCG:
BCM: Preparing the Holding
Calltree CMT IT Statement
Team, GH Affected
Priority Work Units & CPG:
Observers Coordination of
reporting to Regulators
*) Command Center of BCM and IT, OPG, CCG, DBO, CISO, IT User Unit
**) IOG has the authority to temporarily deactivate features/services (Team 2 for External Features, Team 3 for Internal Features), and IOG informs the affected work units
***) CSO has the authority to close access to connections with 3rd parties (if cyber incidents are indicated)
****) Initial Incident Notification Report to OJK Regulator which is maximum 24 hours after the incident is known according to POJK 11 Year 2022 and Initial Notification to BI related
to payment system (OPG/TGM/DBO) maximum 1 hour after the incident according to PBI 23 Year 2021. IOG/CSO Prepares a written Report to Regulators related to IT Incidents
in accordance with the provisions of 5 HK to OJK and/or maximum 3 HK to Bank Indonesia related to payment systems (OPG/TGM/DBO) after the incident occurs
*****) In the event that a Switch Over is decided by the Director of IT as an incident handling solution, the GH IOG performs the Switch Over in a maximum of 30 minutes
SOR1 IT - DCOR Ops : Evaluating Activities
IT INVESTMENT
In 2023, BSI has made investments with a total budget allocation of Rp968 billion, which is intended for the fulfillment
of digital banking capabilities, enterprise & surrounding applications, digitization & office automation, feature
enhancements in existing applications, as well as IT infrastructure and security device expenditures in order to
increase IT capacity and capabilities.
IT Development and Innovation in 2023
IT development at BSI is carried out continuously every year, which is aligned with the Bank’s vision and mission. The
following is a list of developments and innovations that have been realized throughout 2023.
230 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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No. Description Objective/Benefit Status
1 Agent Banking – BSI Smart Development of agent banking services (BSI Smart Agent) using Live
EDC, Mobile Banking and Web as an alternative channel solution
2 Enhancement Branch Delivery System Development of Branch Delivery System features/services to Live
– EXA realize single branch delivery system and offloading branch service
features in Core Banking
3 BSI Collection System Implementation of New BSI Collection System & Integration with Live
several surrounding systems
4 New Cash Management System Web-based internet banking services for corporate or institutional Live
customers that provide direct access to their accounts at the Bank
for financial and non-financial management
5 BSI Thru Account Development of Phase 2.2 of the BSI Thru Account Project in the Live
form of additional ATM Off Us and EDC channels as well as the
addition of Payment & Purchase services on all available channels
6 Audit Management System (AMS) AMS Development, the development of a system that has the Live
function of integrating the work flow of audit activities, Audit
Investigation and QA Audit, where AMS can make audit activities
faster, more efficient and effective
7 EA Tools Architecture EA Tools for BSI Digital Enterprise Architecture (DEA) and Project Live
Management Tools
8 Penambahan Infrastruktur Network Addition of The Tower Network infrastructure Live
The Tower
9 Penambahan Rackmount DC & DRC Addition of capacity & rackmount hardware for DC Rempoa & DRC Live
Sigma
10 Renewal License Corebanking Development of existing corebanking to support better business & Live
operational capabilities
HUMAN RESOURCES DEVELOPMENT
Human Resources (HR) development is needed to improve the hard and soft skills of employees, as well as the
alignment of information technology strategies to support business processes and IT strategy decision-making at
BSI. In addition, the training and development program is also necessary to form qualified personnel with skills, work
abilities, and work loyalty.
The improvement of IT personnel is carried out by conducting certification training, BSMR, webinars, and taujih. The
following is a list of developments that have been realized throughout 2023.
No. Name of Training
1 IT Architecture (TOGAF) training
2 COBIT training
3 Project Management Professional - PMP training
4 AGILE SCRUM FOUNDATION training
5 PRINCE2 AGILE FOUNDATION training
6 ITIL 4.0 Foundation Certified training
7 ITIL Specialist Create, Deliver and Support Certified training
8 Certified Ethical Hacker training
9 Devops - Docker Jenkins Gitlab training
10 Software Engineering training:
1. Design Pattern and Application Architecture
2. Tools Development (redis, kafka, activeMQ)
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INFORMATION
TECHNOLOGY
No. Name of Training
11 Certified Associate in Project Management (CAPM) training
12 Professional in Business Analysis training
13 AWS Certified Solution Architect Assoicate training
14 Docker training
15 ISTQB Agile Tester training
16 PHYTON DATA SCIENCE training
17 Devops - Docker Jenkins Gitlab training
18 Platform Strategy for Business with Google Cloud Foundation training
19 ISO 9001 : 2015 Auditor training
20 CCNP Enarsi training
21 Red Hat Certified System Administrator training
22 Linux system administrator based on RHCSA 7 training
23 Analyzing Data with SQL Server Reporting Services training
24 Maria DB Administration training
25 EXIN Privacy & Data Protection Foundation training
26 Certified International Specialist Data Modelling (CISDM) PASAS using Python training
27 BABOK V3.0 training
28 Bussiness Intelegence Course training
29 Machine Learning Specialization (72 Hours) training
30 Training and Certified Entry Certificate in Business Analysis (ECBA)
IT DEVELOPMENT STRATEGY FOR 2024
In order to support the continuous development of IT, the Information Technology Work Unit has prepared and
implemented several strategies, which include:
No. Description Objective/Benefit
1 Enhancement of Revamp BSI Development and expansion of a better and more modern BSI Mobile revamp.
Mobile Including the development of various features, to facilitate user friendliness in
using the application.
2 Enhancement of Retail Bond Development of a business process management system for securities transactions
System that is seamless and automated. Supported by the continued development of the
Custody System to support securities transactions recorded by banks.
3 Enhancement of Big Data & Data Development and expansion of Big Data & Data Analytics technology capabilities
Analytics by utilizing data for analytics & decision making as master data and supporting
services according to customer needs automatically.
4 Enhancement of Master Data Development of IT systems to be able to improve the capability to have a single
Management view of customer data (Master Data) that is valid and consistent across all systems
and applications, to avoid duplication and inconsistency of customer data.
5 Enhancement of Baas Development of QRIS and Open Banking API system - National Standard of API
payment of Bank Indonesia (SNAP BI) in accordance with the Indonesian Payment
System 2025 blueprint to expand the reach of bank services through cooperation
with various partners.
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No. Description Objective/Benefit
6 Enhancement of Digital Channel Development of digital channels, system/application development on internet
banking, merchant app and ATM to accommodate business needs by applying the
latest technology stack, packaged with user friendly UI.
7 Enhancement of Transactional Development of an integrated Single portal transactional banking with a focus on
Banking Platform accommodating wholesale needs, on the new cash management system, new trade
finance, and digital value chain applications.
8 Enhancement of Wealth Development and expansion of customer financial and investment services.
Management System
9 Enhancement of Fraud Detection Development of IT systems/applications to accommodate risk needs, as an
System application to strengthen the detection of transaction anomalies, both fund transfer
transactions and financing transactions, and the Enterprise Risk Management
System as a comprehensive risk management system with a complete risk module
in it.
10 Enhancement of Financing Development of financing needs by conducting Fine Tuning on the Financing
Process Fine Tuning Process, especially in the griya module with the development of Originating System
applications and other supporting applications, including the implementation of
advanced decision engines and document management systems.
11 Enhancement of Corebanking Development of IT systems includes upgrading existing core banking to the latest
Modernization version (temenos) to improve technology capabilities that support the stability of
banking operations.
12 Development of IT service Further development related to the stability and availability of IT services in terms
stability and availability of applications, data servers and storage, including: Addition and rejuvenation of
storage servers for critical and non-critical applications, SD WAN, Secure Backup
Management, Secure workload and branch network devices, DC and DRC.
13 Enhancement of Secret key Implementation of Secret key management and security certificate management
Management & Security to secure sensitive data/information that will be stored in the form of hashes in the
Certificate Management application.
14 Enhancement of Evergreen Threat Improvement of Threat Intelligence capabilities to be better, to detect and learn
Intelligance new threats according to threats from the threat landscape.
15 Development of Security Improvement of Security Certificate Management capabilities by implementing
Certificate Management Public Key Infrastructure for internal use that can be used to secure communication
Capability between internal servers and user certificates.
16 Development of Security on data, Security development related to strengthening the security perimeter of security
network & endpoints on data, networks and endpoints, including: Data Loss Prevention, Secure Access
Service Edge (SASE), Extended Detection and Response (XDR), Network Access
Control, Anti-Advanced Persistent Threat (APT), Next Gen Packet Broker, Multi
Factor Authentification and Hardening Tools.
17 Enhancement of Middleware System/application development, to improve system integration, such as
system & Enterprise Service Bus middleware and Enterprise Service Bus, which serves as an orchestration service
system for core banking and surrounding applications.
18 Development of license Development of license management and availability of hardware and software
and hardware availability needed to support IT capability and capacity.
management
19 Development of Mitraguna Online Development of Shared Service for mitraguna financing with the parent bank, to
Financing Shared Service support the flow of mitraguna financing process.
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Implementation of
Risk Management System
BSI constantly promotes a risk-awareness
culture inside the Bank in order to mitigate the
effect of risks that have the potential to cause
losses to the Bank’s operations.
As the external dynamics as well as the products 2. Financial Services Authority Regulation No. 8/
and services of PT Bank Syariah Indonesia (“BSI,” POJK.03/2014 dated June 13, 2014 concerning the
“Bank”) continue to evolve, the implementation of Soundness Rating of Sharia Commercial Banks and
risk management is highly necessary. Not only as a Sharia Business Units.
manifestation of commitment to compliance with 3. Financial Services Authority Regulation No.
laws and regulations but also as a prudent attitude of 17/POJK.03/2014 dated November 18, 2014
management in managing the Bank. It is expected that concerning the Implementation of Integrated Risk
BSI performance will continue to grow sustainably Management for Financial Conglomerates.
with the support of adequate risk management 4. Financial Services Authority Regulation No.
implementation. 21/POJK.03/2014, dated November 18, 2014,
concerning the Minimum Capital Adequacy
Through the implementation of proper risk management, Requirement for Sharia Commercial Banks.
it is expected to protect the Bank individually and 5. Financial Services Authority Circular No. 34/
its affiliated entities from the impact of changes in SEOJK.03/2015 dated December 21, 2015
the business environment that have the potential to concerning the Calculation of Risk-Weighted
cause losses. Additionally, the implementation of risk Assets for Credit Risk Using a Standard Approach
management is also expected to create added value for for Sharia Commercial Banks.
all stakeholders of the Bank. 6. Financial Services Authority Circular No. 35/
SEOJK.03/2015 dated December 21, 2015
Following the regulations, the Bank’s risk management concerning the Calculation of Risk-Weighted
implementation is a set of methodologies and procedures Assets for Market Risk Using Standard Methods for
used to identify, measure, monitor, and control risks Sharia Commercial Banks.
arising from all business activities. BSI continues to 7. Financial Services Authority Circular 34/
evaluate the effectiveness of the risk management SEOJK.03/2016, dated September 1, 2016,
framework on a regular basis and to socialize within the concerning the Implementation of Risk
organization in order to foster a positive risk culture Management for Commercial Banks.
within the Bank. 8. Financial Services Authority Regulation No. 38/
POJK.03/2016 dated December 1, 2016 on the
BASIS FOR RISK MANAGEMENT Implementation of Risk Management in the Use of
IMPLEMENTATION Information Technology by Commercial Banks.
In implementing risk management, BSI refers to 9. Financial Services Authority Regulation No. 11/
statutory provisions, including: POJK.03/2022, dated July 7, 2022, concerning
1. Financial Services Authority Circular 10/ the Financial Services Authority Regulations on
SEOJK.03/2014 dated June 11, 2014 concerning the Implementation of Information Technology by
the Assessment of the Soundness Level of Sharia Commercial Banks.
Commercial Banks and Sharia Business Units.
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10. Financial Services Authority Regulation No. 57/ 16. Bank Indonesia Regulation No 23/17/PBI/2021
POJK.03/2016 dated December 9, 2016 concerning dated December 17, 2021 concerning Third
the Implementation of Management in Commercial Amendment to Bank Indonesia Regulation Number
Banks Performing Prime Customer Services. 20/4/PBI/2018 concerning Macroprudential
11. Financial Services Authority Regulation No. Intermediation Ratio and Macroprudential Liquidity
65/POJK.03/2016 dated December 23, Buffer for Conventional Commercial Banks, Sharia
2016 concerning the Implementation of Risk Commercial Banks, and Sharia Business Units.
Management for Sharia Commercial Banks and 17. Financial Services Authority Regulation 14/
Sharia Business Units. POJK/03/2017, dated April 7, 2017, concerning the
12. Financial Services Authority Circular No. 21/ Recovery Plan for Systemic Banks.
SEOJK.03/2017 dated June 6, 2017 concerning the 18. Financial Services Authority Regulation 11/
Implementation of Risk Management in the Use of POJK/03/2019 dated March 28, 2019 concerning
Information Technology by Commercial Banks. the Principle of Prudence in Asset Securitization
13. Financial Services Authority Circular No. 12/ Activities for Commercial Banks.
SEOJK.03/2018, dated August 21, 2018, concerning 19. Financial Services Authority Circular 34/
the Implementation of Risk Management and SEOJK.03/2016 concerning the Implementation of
Measurement of the Standard Approach for IRRBB Risk Management for Commercial Banks.
for Commercial Banks. 20. Financial Services Authority Circular 29/
14. Financial Services Authority Circular 6/ SEOJK.03/2022 concerning Cyber Resilience and
SEOJK.03/2020 dated April 29, 2020 concerning Security for Commercial Banks.
the Calculation of RWA for Operations Using a 21. Financial Services Authority Circular No. 25/
Standard Approach for Commercial Banks. SEOJK.03/2023 concerning the Implementation
15. Financial Services Authority Regulation 37/ of Risk Management for Sharia Commercial Banks
POJK.03/2019 dated 19 December 2019 and Sharia Business Units.
concerning the Transparency and Publication of
Bank Reports.
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IMPLEMENTATION OF
RISK MANAGEMENT SYSTEM
ORGANIZATIONAL STRUCTURE OF THE RISK MANAGEMENT UNIT
Operational, Portfolio &
Market Risk Group
Market & ERM Tools & Risk Modal
Portfolio Risk
Liquidity Risk Analytics Validation
Market & Portfolio
Liquidity Risk ERM Analytics Analytics Financing Limit
Analytics Management
Market Portfolio
ERM Financing
& Liquidity Analytics
Analytics Limit
Risk Analytics Management
Market & Risk Model
Liquidity Risk Risk Tools Risk Integration Validation &
Control Governance
Market Risk
& Liquidity Risk Risk Model
Risk Control Tools Integration Validation &
Governance
Market &
Liquidity Risk
Secretary Tools Staff Staff Staff
Market
& Liquidity
Risk Tools
Staff
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Deputy
Operational Operational
Risk Analytics Risk Tools &
System
Operational
Operational
Risk Tools &
Risk Analytics
System
Operational
Operational Risk Tools &
Risk Analytics System
IT Risk Operational
Management Risk Control
Operational
Staff Risk Control
Staff
PROFILE OF THE HEAD OF THE RISK MANAGEMENT UNIT
M. Fanny Fansyuri
Head of the
Risk Management Unit
Citizenship : Indonesia
Domicile : Jakarta
Age : 56 years old
Place and Date of Birth Bandung, April 14, 1967
Basis of Appointment Decree of the Board of Directors of PT. Bank Syariah Indonesia Tbk. No. 02/203-KEP/DIR
dated June 21, 2022.
Educational Background Bachelor’s Degree from the Faculty of Economics, Padjajaran University, 1991
Work Experience • Portfolio Risk & Risk Integration at PT Bank Syariah Indonesia Tbk
• Enterprise Risk Management Group Head at PT Bank Syariah Mandiri
• Strategic and Performance Management Group Head at PT Bank Syariah Mandiri
Concurrent Position No concurrent positions.
Affiliation Relationship Has no affiliation with the Board of Directors, Board of Commissioners, or Major/
Controlling Shareholders.
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IMPLEMENTATION OF
RISK MANAGEMENT SYSTEM
PARTY THAT APPOINTS AND DISMISSES f. Performing stress testing on the financing portfolio
The Head of the Risk Management Unit is appointed and and providing contingency plans as a reference for
dismissed by the Board of Directors, with the approval crisis conditions.
of the Board of Commissioners. The appointments g. Proposing, reviewing, monitoring, and reporting, as
and dismissals are in accordance with PT Bank Syariah well as updating the Recovery Plan and Resolution
Indonesia Tbk’s Standard Operating Procedures for Plan.
Human Capital. h. Implementing and developing the portfolio
guideline.
DUTIES AND RESPONSIBILITIES i. Implementing and developing the Bank’s Risk
Details of the duties and responsibilities of the Head of Management Information System application.
the Risk Management Work Unit are described in the j. Preparing, reviewing, and reporting risk profiles,
following: bank soundness level, and minimum capital
a. Implementing and developing risk management in adequacy requirement.
accordance with regulations and the Bank’s risk k. Proposing, reviewing, monitoring, and reporting, as
appetite. well as updating the risk appetite and risk tolerance.
b. Preparing, updating, and disseminating the risk l. Providing material and following up on the decisions
management policy and its implementation of the Risk Management Committee.
provisions in accordance with risk management
regulations and best practices, and the COMPOSITION OF THE RISK
dissemination of these policies. MANAGEMENT UNIT
c. Ensuring the availability of risk studies on new bank The composition of Human Resources (HR) in the Risk
products and activities. Management Unit is presented in the following table.
d. Conducting risk measurement, monitoring, and
availability of risk limits in the implementation of
No. Position Total
risk management, as well as developing risk culture
and risk awareness programs. 1 Group Head 1 Person
e. Creating and developing models, methodologies, 2 Deputy 1 Person
analysis, and validation of risk measurements in 3 Department Head 6 People
accordance with best practices and applicable
4 Manager 12 People
regulations, as well as reviewing the effectiveness
of the implementation of risk management tools. 5 Senior Officer 1 Person
6 Officer 20 People
7 Staff 4 People
Total 45 People
RISK MANAGEMENT CERTIFICATION
BSI continues to encourage the Bank’s Human Resources (HR) department to be as effective as possible in
implementing risk management. Efforts to improve quality include, among other things, the implementation of risk
management certification, as illustrated in the table below.
No. Position Total Certification Certification Agency
1 Group Head 1 person Risk Management level 4 BNSP
2 Deputy 1 person Risk Management level 4 BNSP
3 Dept Head 6 people Risk Management level 3 BNSP
4 Manager 12 people • Risk Management level 3 (3 people) BNSP
• Risk Management level 2 (9 people)
5 Senior Officer 1 person Risk Management level 3 BNSP
6 Officer 20 people • Risk Management level 3 (5 people) BNSP
• Risk Management level 2 (3 people)
• Risk Management level 1 (12 people)
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RISK GOVERNANCE STRUCTURE
The BSI Risk Governance Structure is a risk management framework that consists of three major components: risk
oversight, risk policy and strategy, and risk identification, measurement, mitigation, and control. The Audit Work Unit
helps the three main sections ensure the effectiveness of their implementation (Independent Assurance).
In order to implement risk management, the Bank has defined the roles and responsibilities of the Board of Directors,
Board of Commissioners, committees, Risk Management Unit (RMU), operational work unit (risk-taking unit), Internal
Audit Unit (IAU), and other supporting work units. The work units that perform the internal control function (IAU) and
RMU are separate from the Bank’s business/operational unit.
Board of Commissioners
Oversight
Risk Remuneration
Audit
Risk
Monitoring & Nomination
Committee Committee Committee
Board of Sharia Oversight
Board of Director
Risk Policy
& Strategy
Risk Policy & Human BCM
Business IT Steering Management Procedure Steering
ALCO Capital
Committee Committee Committee Committee Committee Committee
Unit/Functions Internal
Risk Identification,
Mitigation,Control
Audit
Measurement,
Business Unit Enterprise Risk
Banking Management Financial
(Revenue Procurement Strategy Human Capital
Operation (SKMR)
Generating)
Compliance
Risk Taking Operational Information Policy &
(Compliance
Legal Procedure
Unit Support Technology Working Unit)
1st line of defense 2nd line of defense 3rd line of defense
Risk Owner Independent Risk Management Independent
Assurance
PILLARS OF RISK MANAGEMENT IMPLEMENTATION
BSI implements risk management that includes 4 (four) pillars as illustrated below.
STRONG RISK MANAGEMENT
Active Supervision
of the Board of Adequacy of Risk
Adequacy of Policies, Comprehensive
Commissioners, Management Process
Board of Directors Procedures and Limit Internal Control
& Risk Management
and Sharia Setting System
Information System
Supervisory Board
• Risk management policy & • Risk management • Risk identification, • Effectiveness of internal
strategy methodology and measurement & controls over business
• Risk Appetite & Risk procedures monitoring operations and risk
Tolerance • Risk Limit • Reporting & MIS management
• Risk Culture • Organization • Risk Analytics • Review of risk
management
implementation
Covers 10 risks faced by Islamic Commercial Banks
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IMPLEMENTATION OF
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The application of risk management at BSI always The structure of Policies and Procedures at BSI by
ensures that it has established and implements the hierarchy includes:
important elements contained in the assessment on the a. Policy
adequacy of risk management implementation, which b. Standard Procedures (Business and
are: Operations)
1. Active Supervision of the Board of Commissioners, c. Product Manual
Board of Directors and Sharia Supervisory Board. d. Operations Technical Manual
Active supervision of the Board of Commissioners,
Board of Directors and Sharia Supervisory BSI has more specific policies and procedures
Board is responsible for the effectiveness of risk for each area, such as Operations and Services,
management implementation at BSI. Financing, and Treasury. The policies and
procedures govern the establishment of limits for
The role of active supervision by the Board of each activity, both at the portfolio and transactional
Commissioners is conducted periodically through levels.
the Risk Monitoring Committee, Integrated
Governance Committee, and Audit Committee, as BSI ensures that all risk-related activities have
well as regular coordination meetings held by the adequate policies and procedures to guide all
Commissioners with the Board of Directors and work units in carrying out operational activities in
Bank executives (Board of Commissioners and accordance with their functions and responsibilities,
Board of Directors Meetings). including setting risk limits to protect the Bank
from excessive risk and violating the precautionary
The role of active supervision of the Board of principle (prudential banking). All of BSI’s policies
Directors is conducted intensively through the and procedures are forms of risk management that
Risk Management Committee, ALCO Committee, are inherent in all of the Bank’s operational and
IT Steering Committee, Business Committee, business activities.
Policy and Procedure Committee, HR Committee,
BCM Steering Committee, as well as coordination Periodic review and update of policies, procedures,
meetings which are held regularly by the Board of and risk management frameworks in accordance
Directors (Board of Directors Meeting and Sectoral with BSI requirements and applicable laws and
Directors Meeting). regulations. Throughout 2023, several policies
were updated, including:
Active supervision of the Sharia Supervisory Board a. Risk Management Policy
is conducted through periodic Sharia Supervisory b. Governance Policy
Board meetings with all executive levels of the c. Operational Policy
Bank and by continuously establishing constructive
communication with the Board of Commissioners In order to manage internal and external risks, BSI
and Board of Directors. develops a Risk Appetite Statement (RAS) and risk
2. Adequacy of Policies, Procedures and Limit Setting limits. The RAS serves as a guide for accepting,
According to the Financial Services Authority monitoring, defending, and maximizing risks on
Circular No. 25/SEOJK.03/2023 on the existing business opportunities. As a result, the
Implementation of Risk Management for Sharia Bank can run its business dynamically, allowing it to
Commercial Banks and Sharia Business Units, BSI exceed targets while maintaining a manageable risk
has a Risk Management Policy that serves as a level.
guideline for implementing risk management.
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3. Adequacy of Risk Management Process & Risk • Formation of marketing assets & tracking
Management Information System of collateral asset.
BSI implements a risk management process that • Determination of risk limits.
includes identification, measurement, monitoring, • Development of advanced and expert
and risk control activities, as well as the availability competencies.
of an adequate information system. The Bank • Improvement to the applied control/risk
manages all types of risks related to the Bank’s control functions (system, organization,
business operations in accordance with regulatory control testing).
provisions, namely credit risk, operational risk, • Implementation of the Risk Awareness
liquidity risk, market risk, legal risk, compliance program.
risk, reputation risk, strategic risk, return risk, and • HR competency improvement (Risk-Based
investment risk, in a comprehensive and integrated Competencies).
manner. • Implementation of Business Continuity
a. Risk Identification Management (BCM).
• Implementation of risk identification, • Validation of scoring models.
measurement, and monitoring (monthly e. Risk Management Information System
and quarterly risk profiles). • Development & Implementation of Risk
• Implementation of Risk Assessment on Management System.
New Products & Activities. • Digital-based Wholesale E-Booklet.
• Implementation of identification of risks 4. Comprehensive Internal Control System
in the application of risk management In order to maintain operational effectiveness and
information technology. efficiency, financial report accuracy, and compliance
• Implementation of identification on the with applicable provisions and regulations, BSI
implementation of Business Continuity strives to implement internal controls in the form
Management. of preventive action, early detection, and corrective
b. Risk Measurement action through inherent supervision that employs
• The use of risk tools in risk measurement, the dual control principles, division of checks and
which includes scoring, financing risk balances (delegation of duties), and audit trails. The
rating, Value at Risk, Liquidity Gap, and IAU periodically reviews the quality of the internal
Repricing Gap. control system.
• Development of a portfolio guideline
model/methodology. The Bank implements the Three Lines Model policy
• Measurement and determination of risk in risk management as follows:
appetite. a. Business/Operational Units as risk owners are
• Implementation of stress tests for credit first line roles that are responsible for managing
risk, market risk, and liquidity risk. the risks of their work units.
• Development of Allowance for Impairment b. The Risk Management Unit acts as second line
Losses (CKPN) models. roles that carry out the oversight function.
• Measurement of premium risk. c. Internal Audit Unit as the third line roles that
• Development of a stress test model to the carry out the independent assurance function.
product level.
• Development of the SME segment REVIEW ON THE EFFECTIVENESS OF THE
portfolio guideline methodology to the RISK MANAGEMENT SYSTEM
regional level. BSI periodically assesses the effectiveness of the risk
c. Risk Monitoring management system in place. The evaluation results
• Monitoring of risk limit utilization . are used to improve and strengthen the Bank’s risk
• Review or preparation of Risk reports. management system.
• Implementation of Risk Management
Consolidation with Bank Mandiri. The evaluation includes strategy changes, risk
• Evaluation of the authority to decide on management policies, and the quality of risk management
financing. implementation, which includes risk governance, risk
d. Risk Control management framework, adequacy of risk management
• Integration of policy & risk tools into processes, adequacy of risk management information
financing origination, customer on systems, and adequacy of risk control systems.
boarding and collection systems.
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IMPLEMENTATION OF
RISK MANAGEMENT SYSTEM
The assessment of BSI’s Risk Profile, both individually RISK CULTURE
and integrated throughout 2023, demonstrates that BSI continues to implement a risk-awareness culture
the risks faced by BSI can be effectively managed to in order to achieve its vision of becoming a “Top 10
support further business development. In other words, Global Islamic Bank.” The initiative is being carried out
BSI has implemented Risk Management in a proper and by improving internal controls, including the risk control
effective manner. system, in order to ensure the effectiveness of the risk
culture throughout the Bank’s organization and across
STATEMENT OF THE BOARD OF DIRECTORS all business lines and operations. The application of
AND/OR BOARD OF COMMISSIONERS risk culture seeks to manage risk in order to minimize
OR THE AUDIT COMMITTEE ON THE potential losses from each line of business/operation.
ADEQUACY OF THE RISK MANAGEMENT
SYSTEM Bank Syariah Indonesia always strives to build a strong
BSI strives to manage risk dynamically, in response to risk culture for all lines of business/operations of the
changes in internal and external conditions. The Board Bank, including through:
of Commissioners believes that the risk management 1. Risk Awareness Dissemination to increase
process has been properly implemented. employee awareness, enabling them to continuously
manage their respective risks, through the Risk
The Board of Directors and Board of Commissioners Management Podcast & preparation of infographics
are constantly evaluating the effectiveness of risk on significant risk exposure.
management implementation. Evaluation results are 2. Implementation of the Core Values of AKHLAK
used to make efforts to improve risk management, within BSI, which includes Trustworthy, Competent,
among other things: Harmonious, Loyal, Adaptive and Collaborative,
1. Human Resources (HR) through weekly routine programs that are delivered
a. Improving HR competencies to support the by the Top Management directly to all employees.
Bank’s activities through internal and external
training as well as internships at the parent The Bank enrolls certain levels of officers in the
company. Risk Management Competency Test (UKMR). As of
b. Increasing employee risk awareness, among December 2023, the following employees have obtained
others, through e-learning and refreshment of Risk Management Certificates:
provisions.
c. Increasing legal awareness for all levels of the
Certification As of December 2023
Bank.
2. Tools and Methodology Level 1 3,445
Strengthening internal control through the Level 2 5,212
implementation of control testing on end-to-end Level 3 1,593
business processes.
Level 4 344
3. System
Improving IT operational system security. Level 5 170
Total 10,764
For 2023, the Board of Directors and Board of
Commissioners/Audit Committee determined that the Risk awareness in every line of business at BSI plays an
risk management system in place at BSI is adequate. important role since it will affect the effectiveness of
Going forward, there is still room for improvement in risk management implementation and ultimately the
the implementation of risk management in response to achievement of sustainable company performance. BSI
changes in laws and regulations, industry dynamics, and will continue to evaluate and improve the active risk
internal BSI. awareness culture using various methods and media so
as to generate a better level of effectiveness.
242 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
CAPITAL EXPOSURE AND CAPITAL RISK The Bank stipulates in-house limits for BMPD,
DISCLOSURE credit lines, authority to decide on financing,
BSI ensures that its capital position is at an adequate industrial sector portfolios, and securities
level to support the Bank’s business development. investment portfolios. At the transactional
BSI’s capital adequacy is calculated using the Capital level, the Bank sets a limit on the authority to
Adequacy Ratio (CAR) indicator. BSI has an adequate decide on financing, including investment in
capital level with a CAR ratio as of December 31, 2023 securities.
of 21.04%, which is above the minimum requirement c. Risk Management Process
according to the risk profile (including an additional BSI manages credit risk through:
buffer of 2.5% and a capital surcharge for D-SIB of 1) The direction of financing expansion refers
1%). BSI has established buffers in accordance with the to the Portfolio Guideline, which includes:
fulfillment of PBI provisions regarding the obligation to a) Industry Class
fulfill the conservation buffer, countercyclical buffer, Management of the Bank’s financing
and capital surcharge as a systemic bank. This indicates risk begins with determining the
that BSI has sufficient capital to support its business/ classification of the industrial sector
operational activities. that will become the target market. The
Bank divides the industry classification
BSI periodically reviews the Risk Weighted Assets into four groups, namely attractive,
(RWA), which affects capital. neutral, selective, and alert. The Bank
sets industry class for 101 industrial
Main Risk Profile and Its Management sectors. Financing is directed at
1. Credit Risk and Investment Risk sectors/business fields with attractive
BSI manages credit and investment risks and neutral classifications.
comprehensively, starting from the time the b) Industry Limit
financing and investment are granted until both In order to manage the concentration
ends. risk of the financing portfolio, the Bank
a. Organization sets a limit for the financing portfolio
BSI has organizational tools for credit and for each industry. The industrial sector
investment risk management to maintain the limits are determined based on the
Bank’s financing activities in accordance with industry class criteria of each sector.
the prudential principle. The Bank establishes c) Industry Acceptance Criteria
3 organizational pillars in the financing The Bank establishes the Industry
process. The first pillar is the business unit Acceptance Criteria as one of the
that initiates the business. The second pillar processes in determining targeted
is the risk assessment unit, which performs customers in an industrial sector as
financing risk analysis. The third pillar is the well as to screen potential customers.
unit financing operation, which maintains Industry Acceptance Criteria are
that the disbursement process is carried criteria for the initial selection of
out independently. The Bank establishes a customers, which are formulated
recovery unit that functions to handle non- based on the critical factors of each
performing financing. The unit is independent industrial sector, which are measured
of the business unit and risk assessment unit quantitatively and qualitatively.
that provide financing. 2) Determination of customer risk acquisition
b. Policies, Procedures and Limits and measurement methods through the
BSI makes financing policies and procedures originating system, Risk Acceptance
to support sound financing management in Criteria, scoring of retail financing and
accordance with prudential principles, including financing risk rating of SME financing of
compliance with sharia principles. The policies more than Rp1.5 billion and wholesale
and procedures consist of Risk Management financing.
Policies, Financing Policies, Standard Financing
Business Procedures, Standard Portfolio
Guideline Business Procedures, Product
Manuals, and Technical Operational Guidelines
for each financing segment.
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IMPLEMENTATION OF
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3) Early warning system using watchlist risk management aims to minimize the negative
tools that can provide early indication/ impact of market variable movements on the Bank’s
detection of customer conditions, allowing portfolio.
the Bank to establish account strategies a. Organization
which include, among others, collection, The Bank applies the principle of segregation
recovery, and restructuring activities. of duty by separating the functions of the
Included in the early warning system are front office, middle office, and back office in
portfolio alerts aimed at monitoring the the implementation of securities and forex
performance of the financing portfolio and transactions.
compliance with risk limits set internally
by the Bank and by regulators. The business unit or treasury unit performs the
4) The Bank develops Rescue tools as a tool front office function as the executor of treasury
in monitoring the efforts made by the Bank transactions. The front office functions as the
towards non-performing loans that still first line of defense to carry out transactions.
have business prospects, performance,
ability to pay and good faith, with the aim The risk management unit performs the second
of minimizing the possibility of losses for line of defense function, which performs
the Bank and recovering the financing that the function of reviewing risk limits, risk
has been provided. measurement, and monitoring market risk
5) Implementation of stress tests on extreme exposure.
but possible (plausible) conditions, either
periodically or incidentally, with the aim Operational work units that carry out back
of anticipating the worst conditions in the office functions by performing settlements and
event of changes in external conditions, bookkeeping transactions.
such as macroeconomic conditions b. Policies, Procedures and Limits
that may affect the Bank’s financing BSI establishes Risk Management Policies,
performance. Treasury Policies, Standard Business
6) Determination of the financing period by Procedures for Treasury and International
considering the type of financing, returns, Banking, PTO Asset and Liability, PTO Market
liquidity, and potential risks. Liquidity Risk Tools and other market risk
7) Study/Evaluation on the adequacy of risk management provisions as guidelines for the
limit. implementation of market risk management.
8) Establishment of an integrated internal
control system in financing systems and The Bank sets risk limits which include:
procedures.
d. Risk Management Information System Securities a. Value at Risk
BSI has a Management Information System b. Open Position
that provides credit risk management data. The c. Stop Loss
d. Cut Loss
Bank reports credit risk exposure regularly for
e. Holding Period
both internal and external parties. f. Unrealized Loss on AFS Securities
g. Tenor Period
2. Market Risk h. Sukuk Transactions
BSI is exposed to market risk from treasury and Exchange Rate a. Value at Risk
investment activities in the form of securities, b. Open Position
c. Stop Loss
money market, and forex (foreign exchange) as
d. PDN
well as gold products due to gold reserves. Market e. Forex Transactions
Gold Gold Stock
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c. Risk Management Process b. Risk measurement, using Value at Risk
1) Interest Rate Benchmark Risk (VaR) tools. The Bank maintains the
BSI manages Interest Rate Benchmark Net Open Position (NOP) according
Risk through: to the set limits. Overall NOP as of
a. Identification of risks in Bank products December 31, 2023 was 2.47% or still
and activities through risk analysis within the bank’s maximum internal
and providing recommendations limit of 8%.
to business units and management.
Identification is conducted to The Bank conducts stress tests to test
determine whether there is interest the Bank’s resilience in facing crisis
rate benchmark risk and risk sources to conditions and prepares the necessary
ensure that risks can be controlled and strategies in the event of crisis.
mitigated.
b. Risk measurement uses the Standard The Bank conducted 8 (eight) market
method and the internal method, risk stress tests throughout 2023, to
namely Value at Risk (VaR). VaR assess the Bank’s ability to address
describes the maximum potential loss changes in economic indicators.
due to movements in securities yields c. Risk exposure monitoring is conducted
under normal market conditions. on a daily, weekly, and monthly basis.
Monitoring of risk exposure is carried
The Bank conducts stress tests to test out using the bank’s treasury system.
the Bank’s resilience in dealing with d. Risk control is conducted through the
crisis conditions and prepares the setting of limits and squaring of the
necessary strategies in the event of a foreign exchange positions.
crisis. d. Risk Management Information System
BSI has a Treasury core system that can provide
The Bank conducted 8 (eight) market data for measuring market risk. The Bank
risk stress tests throughout 2023, to reports market risk management exposure
assess the Bank’s ability to address regularly to internal and external parties.
changes in economic indicators. e. Management of Trading Book and Banking
c. Risk exposure monitoring is conducted Book Portfolio and Valuation Methodology
on a daily, weekly, and monthly basis. Trading book portfolio management is
Monitoring of risk exposure is carried conducted according to predetermined limits
out in the bank’s treasury system. and regulatory limits. The Bank performs
d. Risk control is conducted through the mark to market on trading securities on a daily
setting of trading limits for securities. basis using market prices from independent
In the event of an unrealized loss due sources, including Indonesian Securities Price
to a decrease in the market price of Appraisers, Bloomberg, or Reuters.
securities, the bank can make a sale or
cut loss according to the established Banking book market risk is the risk of declining
mechanism, to avoid bigger losses. profitability and economic value of capital due
Determination of market prices for to changes in market returns and exchange
trading securities on a daily basis rates. Banking book market risk management
uses market prices from independent is carried out through a review of assets and
sources. liabilities, in order to obtain maximum returns.
2) Exchange Rate Risk
Managing the Exchange Rate Risk through: 3. Liquidity Risk
a. Identification of risks in Bank products BSI manages liquidity risk to maintain the
and activities. Identification is carried adequacy or availability of funds to meet the Bank’s
out to determine the existence of obligations. The Bank is exposed to Liquidity Risk
exchange rate risk and sources of risk from functional activities of financing, treasury
to ensure that the risk can be controlled and investment, as well as funding and issuance of
and mitigated. securities. Liquidity risk can be divided into two
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IMPLEMENTATION OF
RISK MANAGEMENT SYSTEM
categories namely: Coverage Ratio (LCR), and Net Stable
1) Funding Liquidity Risk, which is a risk that Funding Ratio (NSFR).
arises due to the Bank’s inability to liquidate 4) Maintaining access to the money
its assets or obtain funding from other funding market between Sharia Banks.
sources. The inability to obtain cash flow 5) Performing liquidity risk stress tests
funding sources, which creates liquidity risk, on a regular basis. The Bank conducted
can be caused by: 8 (eight) liquidity risk stress tests
a) The Bank’s inability to generate cash flow throughout 2023, to assess liquidity
originating from productive assets and adequacy in dealing with changes in
sales of assets including liquid assets; and/ economic indicators, including in the
or framework of preparing a Recovery
b) The Bank’s inability to generate cash flow Plan.
originating from fundraising, interbank 6) Establishing liquidity risk limits
transactions, and loans received. according to internal conditions and
2) Market Liquidity Risk is a risk that arises due to applicable regulatory provisions.
the Bank’s inability to close out certain positions 7) Monitoring liquidity ratio regularly.
at market prices due to inadequate market 8) Establishing Early Warning Indicators
liquidity conditions or market disturbances. and Emergency Funding Plan or
a. Organization Liquidity Contingency Plan (LCP),
The Bank separates the functions between including through the use of money
the treasury unit as the front office, the market instruments, sale of securities,
risk management unit as the middle office, increase in yield ratios and use of loan
and the operations unit as the back office. facilities from Bank Indonesia.
b. Policies, Procedures and Limits 9) Monitoring the movement of external
BSI establishes a Risk Management Policy, indicators including the USD/IDR
Treasury Policy, Treasury and International exchange rate, yield, government
Banking Business Procedure Standards, securities, market yields, gold prices
PTO Asset and Liability, as well as PTO and the latest market information.
Market and Liquidity Risk Tools. BSI has d. Risk Management Information System
set liquidity limits/indicators. BSI has a Management Information
System that provides data and information
for measuring liquidity risk. BSI submits
a. Statutory Reserves regular liquidity risk exposure reports to
b. Safety Level
c. Core Depositor both internal and external parties.
d. Net Stable Funding Ratio (NSFR) e. Mechanism of Measurement and Stress
e. Liquidity Coverage Ratio (LCR) Test as well as Liquidity Risk Control
f. Liquid Assets to Non-Core Deposits BSI measures liquidity adequacy through
g. Liquid Assets to Third Party Funds
cash flow projections, liquidity gaps, and
core fund calculations. In addition, the
c. Risk Management Process Bank also assesses the liquidity risk profile
In managing liquidity, BSI: and measures liquidity ratios, including
1) Identifying liquidity risk in bank the Liquidity Coverage Ratio (LCR), Net
products and activities. Stable Funding Ratio (NSFR), the largest
2) Placing funds in high quality liquid depositor ratio, the ratio of liquid assets to
assets as liquidity reserves. non-core deposits (AL NCD), the ratio of
3) Measuring liquidity ratios, cash flow liquid assets to TPF (AL DPK).
projections, liquidity gaps, Liquidity
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To measure liquidity adequacy during a b) SOR consists of 3 in accordance with
crisis according to the scenario, namely the scope of supervision including:
extreme but possible external events, the (1) SOR-1 is directly supervised
Bank conducts regular liquidity stress (reporting line) by the Director of
tests and establishes a contingency plan. Information Technology.
f. Liquidity Adequacy Ratio (2) SOR-2 is directly supervised
BSI has sufficient liquidity. Rupiah liquidity (reporting line) by the Director of
Reserves as of December 31, 2023 Wholesale Transaction Banking.
reached Rp30.20 trillion or above the (3) SOR-3 is directly supervised
minimum safety level of Rp7.65 trillion. (reporting line) by the Director
Forex liquidity reserves as of December of Sales & Distribution with
31, 2023 amounted to US$903.48 million each SORH managing several
or above the minimum safety level of Directorates.
USD59.69 million. c) SORH has a coordination function
(dotted line) to the Director of Risk
The liquidity adequacy ratio or LCR as of Management and Director of Compliance
December 31, 2023 reached 147.87% or & Human Capital. In addition to the above
above the minimum limit of 100%. The organizations, the Bank also has organs/
net stable funding ratio or NSFR as of functions that manage operational risk
December 31, 2023 reached 132.71% or specifically in the areas of fraud prevention
above the minimum limit of 100%. and IT risk.
2) Decentralized Compliance & Operational
4. Operational Risk Risk (DCOR)
Operational risk management aims to minimize risk a) DCOR is an independent organ placed
exposure due to human error, inadequate internal in each Directorate of the Head
procedures, system failures and external events. Office to carry out compliance and
The Bank has an operational risk management operational risk functions (review/
framework as described below. examination, compliance assurance
services, operational risk) with the
BSI manages operational risk throughout the scope of the Directorate and Work
organization and in all business lines of the Bank, Units under the Directorate.
both in the first-line, second-line, and third- b) DCOR is responsible to the Senior
line units. The Bank implements segregation of Operational Risk Head (SORH), has a
duties through the separation of maker, checker, coordination function (dotted line) to
approver/authorisator functions, and dual control the Operational, Portfolio & Market
mechanisms in each transaction. Risk Group (OPR) and Compliance
Group (CPG).
BSI has an operational risk management framework 3) Regional Business Control (RBC)
described as follows: a) RBC is a supervisory organ placed in the
a. Organization Network Office to monitor and ensure
The Bank has a separate operational risk the implementation of compliance,
management function from the operational operational risk management
work unit. In addition, there is a supervisory and internal control (prevention,
organ that is tasked with ensuring the transaction control, immediately post
implementation of compliance and operational transaction control, special tests) at
risk management in the Head Office and Office Regional, Area, and Branch Offices.
Network work units: b) RBC is responsible to the Regional CEO,
1) Senior Operational Risk Head (SOR) has a coordination function (dotted
a) SORH is an independent organ that line) to the Senior Operational Risk
carries out operational risk, compliance Head (SORH) at Sales & Distribution
and audit support functions under Directorate.
the direct supervision of the Head b. Policies, Procedures and Limits
of Decentralized Compliance & BSI has operational risk management policies
Operational Risk (DCOR). and procedures which serve as a reference
in the implementation of operational risk
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Performance Management Report Company Profile Management Discussion and Analysis
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IMPLEMENTATION OF
RISK MANAGEMENT SYSTEM
management in all work units, including: 5) Implementation of Call Tree and Table Top
1) Operational Risk Management Policy; trials, both at Head Office and Networks
2) Standard Operational Risk Management 6) Periodic implementation of Disaster
Control Procedure; Recovery Plan (DRP) for BSI Critical
3) Operational Technical Guidelines Applications
regarding Operational Risk Management 7) BCM Socialization to Work Units both
Tools; Head Office and Networks
4) Technical Guidelines for Operational 8) ISO 22301 BCM Certification
Bailouts and Incidental Operational Risk 9) Strengthening and development of
(IRO) Charges; Business Continuity Management
5) Operational Technical Guidelines (BCM) organization by forming Crisis
for Decentralized Compliance and Management Team (CMT) IT.
Operational Risk (DCOR); d. Information Technology Risk Management
In order to anticipate developments in
BSI evaluates Policies, Standard Operational digitalization, BSI develops digital-based
Risk Management Procedures and Operational products and services with due regard to risk
Technical Guidelines periodically at least once a identification and mitigation.
year in accordance with the needs and changes
in the Bank’s internal and external conditions. BSI implements information technology risk
management through:
BSI sets operational transaction limits in order 1) Strengthening Organizational
to implement the prudent principle without Management
hampering the smooth operation of the Bank’s a) The Bank have Information Technology
operational activities. The Bank evaluates Steering Committee (IT Steering
operational risk limits on a regular basis, Committee).
including: b) Determination of IT strategic plans
1) Headquarters, Region, Area, and Branch that are in line with the strategic plans
Operational Transaction Limits; of the Bank’s business activities.
2) Electronic Channel Transaction Limits c) The Bank have CISO (Chief Information
(Internet Banking, ATM, and Mobile Security Officer) group to ensure the
Banking); security of the Bank’s information
3) Procurement Limit; technology implementation, including
4) Custodian Limit; Digital Banking.
5) Bulk Transaction Limit. d) Establishment of IT & Product Delivery
c. Business Continuity Management Risk working unit to ensure the
BSI implements Business Continuity implementation of risk assessment
Management (BCM) to ensure the continuity of in IT development and procurement
the Bank’s operations in the event of a disaster. activities from planning to post live
In order to strengthen the implementation monitoring.
of BCM, in 2023 the Bank performed the e) The Bank have specialized IT Internal
following: Audit work unit to strengthen the
1) BCM Standard Procedure Update supervisory role in implementing IT
2) Update of Business Impact Analysis (BIA) operations.
and Risk Assessment (RA), creation of f) Establishment of Security Operation
disaster management safety briefing Center that monitors bank cyber
3) Emergency Response Plan trial for fire security 24/7.
disaster g) Establishment of Security Incident
4) Implementation of Business Continuity Response Team as a form of handling
Plan (BCP) trial at Head Office through indications of cyber attacks
Business Recovery Center (BRC),
Fatmawati
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h) Establishment of Senior Operational b) Implement risk assessment in IT
Risk that focuses on operational development and procurement
risk, compliance, and audit support activities from planning to post-live
functions in the IT sector and is monitoring.
directly supervised by the Director of 5) IT cooperation by meeting the criteria
Information Technology. for guaranteeing data security and
2) Improved IT Cyber Security through: confidentiality in IT cooperation with third
a) Identification of information parties.
technology assets, threats and 6) Carrying out digital services that meet the
vulnerabilities, and incident detection principles of controlling the security of
through round-the-clock monitoring. electronic transactions and customer data
b) Testing cybersecurity through such as the confidentiality of customer
penetration testing by independent data, the accuracy of data and transactions
parties. by authorized customers.
c) Standardization of data e. Risk Management Tools
communication network devices and BSI implements Operational Risk Management
software, management of system Tools, namely:
access authority, development of 1) Risk & Control Self Assessment (RCSA)
electronic banking services in terms of RCSA is a tool for identifying, measuring,
accessibility security and IT Security monitoring, and mitigating operational
aspects. risk. RCSA is carried out independently
d) Implementation of System Integration by work units and reviewed by the SORH/
Test (SIT), User Acceptance Test (UAT) RBC.
for each application system creation The Bank implements RCSA in an end-
or development to minimize potential to-end process to ensure that potential
application system failures. operational risks can be identified
e) Implementation of Penetration Test thoroughly and early mitigation can
(PenTest) to test the security and be carried out to minimize potential
reliability of application systems from operational risks. RCSA is conducted
potential cyber-crime attacks. periodically every month.
f) Implementation of Release Control 2) Key Risk Indicator (KRI)
Board (RCB) to ensure that the system KRI is a tool for early identification of
to be implemented has met adequate IT indicators that can increase operational
development standards both from the risk exposure by setting certain thresholds.
aspects of IT infrastructure adequacy, KRI monitoring is carried out by the work
IT security, business processes and unit every month.
procedures. 3) Loss Event Database (LED)
3) Strengthening Network & Information LED is a tool for recording operational
Security through: loss incidents experienced by the Bank.
a) Fulfillment of security aspects of Recording is carried out directly at the
communication networks, both direct time of the incident and reported every
and remote access month.
b) Testing the reliability of hardware 4) Control Testing (CT)
security (e.g., backup power, AC, HR, Control Testing (CT) is a tool to test
server security, end-point security) the adequacy of operational controls,
and software (e.g. application security, and determine steps for continuous
passwords, encryption). improvement of controls. The Bank has
4) Conducting IT Development & Operations implemented CT in the business processes
through: of mortgage financing, micro financing,
a) Minimal IT operational security branch operations, consumer vehicle
includes DC management, device financing, commercial financing, and
capacity, device configuration, corporate financing. CT is carried out by
change management, source code RBC and DCOR through periodic onsite
management and information reviews in work units and branches.
exchange.
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IMPLEMENTATION OF
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In addition to the above tools, the Bank use Secretary, Standard Operating Procedures
other methodologies such as Risk Maturity for Corporate Plans, Annual Budget and
Level (RML). RML is an approach/model Operational Plan (ABOP), Bank Business Plans
for measuring the implementation of risk (RBB), and Standard Operating Procedures for
management in an organization. Therefore, Performance Management.
the Bank can determine the maturity level c. Other Risk Management Process
of risk management implementation. This BSI manages other risks through:
information can be used for mapping and 1) Handling and monitoring legal risk
preparing effective risk management exposure, both criminal and non-criminal
strategies, to support the achievement of cases. Legal risk control is carried out,
the Bank’s targets. among others, by establishing a loss
f. Risk Management Information System reserve to anticipate potential losses due
BSI reports the results of operational risk to lawsuits. If necessary, the Bank uses the
management implementation every month services of an external lawyer to assist in
for both internal and external reporting to the handling legal cases that contain claims for
main entity and to regulators. compensation.
1) Operational Risk Profile 2) Settlement of customer complaints
2) Operational Risk Loss Control Metrics through Complaint Handling Management
3) Operational Risk Loss Incident and measurement of reputation risk
4) Report on the Implementation of through Publicity Effectiveness Level
Operational Risk tools in the Work Unit (PEL), as well as monitoring of reports in
includes: the media.
a. Head Office Work Unit Operational 3) Evaluation of strategy performance and
Risk Profile Report effectiveness through periodic and tiered
b. Regional office Operational Risk performance reviews.
Profile Report 4) Implementation of Compliance
Information System (SIK).
5. Other Risks 5) Implementation of the internal sharia
BSI manages other risks, which include legal risk, advisory function to review and analyze
reputation risk, strategic risk, compliance risk, and the suitability of the Bank’s products/
yield risk. activities with Sharia principles
a. Organization 6) Review the returns on funding.
BSI separates work units with the role to
manage legal risk, reputation risk, compliance RISK PROFILE
risk, and strategic risk with other operational BSI conducts a self-assessment on inherent risk and
work units. the quality of risk management implementation in
b. Policies, Procedures and Limits BSI’s operational activities with the aim of providing
The Bank has a Risk Management Policy and information to all stakeholders regarding business
Standard Risk Management Procedure to risk conditions and potential losses faced by BSI in the
support other risk management, including future within a certain period.
Standard Legal Control Procedures, Standard
Compliance Control Procedures, Know Your The composite rating of the Bank’s risk profile as of
Customer (KYC) Control Standard Procedures, December 31, 2023 was 2 (two), with the inherent
Anti-Money Laundering and Counter Financing risk predicate of low to moderate, and the predicate of
of Terrorism, Standard Operational Protection the quality of risk management implementation being
Procedures and Customer Complaints, satisfactory.
Standard Operating Procedures for Corporate
250 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
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Quality of Risk Management
No. Risk Inherent Risk Net Risk
Implementation
1. Credit Risk Low to Moderate Satisfactory 2
2. Market Risk Low Satisfactory 1
3. Liquidity Risk Low Satisfactory 1
4. Operational Risk Moderate Fair 3
5. Legal Risk Low to Moderate Satisfactory 2
6. Reputation Risk Low to Moderate Satisfactory 2
7. Strategic Risk Low to Moderate Satisfactory 2
8. Compliance Risk Low to Moderate Satisfactory 2
9. Investment Risk Low to Moderate Satisfactory 2
10. Rate of Return Risk Low to Moderate Satisfactory 2
Composite Ranking Low to Moderate Satisfactory 2
RECOVERY PLAN 1. Development of VAT and Climate Risk Stress Test
A Recovery Plan is a strategy for overcoming financial (CRST) models
stress that may arise in a systemic bank. The Recovery 2. Implementation of Enterprise Risk Management
Plan serves as a framework and guide for the Bank to System (ERMS)
prevent or address financial issues that may jeopardize 3. Development of Fraud Detection System (FDS) on
the Bank’s business continuity. The Recovery Plan is the application and transaction side
being prepared in accordance with OJK Regulation
Number 14/POJK.03/2017, dated April 4, 2017, CONSOLIDATION AND INTEGRATION OF
regarding Recovery Plan for Systemic Banks. RISK MANAGEMENT WITH THE PARENT
COMPANY
As a Systemic Bank, BSI has developed a Recovery BSI consolidates risk management implementation
Plan that includes Recovery Options for preventing, with the parent company, which is the main entity, in
restoring, and improving the Bank’s financial position order to synergize and integrate risk management
and business continuity in the event of financial stress. implementation between the subsidiary and its parent
company (Bank Mandiri). Consolidation and integration
The Recovery Plan includes an analysis of the Bank’s aim to improve internal risk management and ensure
line of business as well as a scenario analysis of crisis regulatory compliance.
conditions (reverse stress testing) that could affect
the Bank due to idiosyncratic or market-wide shocks. The consolidation and integration of risk management
Shareholders approved BSI’s Recovery Plan on May implementation includes the following consolidations:
22, 2023. BSI has a debt instrument with capital 1) Accounting system and risk management
characteristics, subordinated sukuk, and has complied information system.
with OJK Regulation No.14/POJK.03/2017 concerning 2) Synchronization of BSI’s policy architecture and
Recovery Plan for Systemic Banks Article 24, which operational procedures.
requires systemic banks to hold debt securities with 3) Risk management tools and methodologies.
capital characteristics.
BSI and its parent company regularly hold an Integrated
Risk Management Development Plan Risk Management Forum, as well as consultation/
Risk management development is in line with the Bank’s sharing forums, and other discussions as needed.
business strategy, internal and external conditions, and
new regulations. The plan to develop and strengthen
risk tools and methodologies will be carried out in 2024,
among others:
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Performance Management Report Company Profile Management Discussion and Analysis
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DISCLOSURE OF RISK EXPOSURE REPORT
PT BANK SYARIAH INDONESIA Tbk
AS OF DECEMBER 31, 2023 AND 2022
A. Credit Risk
1. Net Receivables by Region
No. Portfolio Category
Sumatra Jakarta Java
(1) (2) (3) (4) (5)
1 Government Receivables - 103,170,615 -
2 Public Sector Entities Receivables - 14,711,814 1,290,564
3 Multilateral Development Banks and International Institutions
Receivables
4 Bank Receivables 97,588 2,400,808 415,155
5 Home Secured Financing 6,442,227 4,477,530 28,070,674
6 Commercial Property Secured financing - - -
7 Employee/Pensioner Financing 18,620,732 1,828,532 9,882,078
8 Micro-Businesses, Small Businesses, and Retail Portfolios 21,605,361 4,494,116 23,503,094
Receivables
9 Corporate Receivables 15,089,414 18,980,559 27,202,635
10 Matured Receivables 459,934 141,636 557,261
11 Other Assets 2,086,523 8,567,744 1,764,624
TOTAL 64,401,779 158,773,354 92,686,085
No. Portfolio Category
Sumatra Jakarta Java
(1) (2) (3) (4) (5)
1 Government Receivables - 90,953,140 -
2 Public Sector Entities Receivables - 12,465,506 1,898,090
3 Multilateral Development Banks and International Institutions - - -
Receivables
4 Bank Receivables 5,128 2,864,369 120,328
5 Home Secured Financing 5,286,530 3,196,642 17,873,213
6 Commercial Property Secured financing 2,308 - 200
7 Employee/Pensioner Financing 17,007,913 1,331,050 9,193,654
8 Micro-Businesses, Small Businesses, and Retail Portfolios 16,093,738 4,084,928 25,382,689
Receivables
9 Corporate Receivables 10,955,582 16,940,903 22,601,160
10 Matured Receivables 370,788 119,896 589,980
11 Other Assets 116,855 9,223,547 2,239,776
TOTAL 49,838,842 141,179,981 79,899,090
Disclosure of Net Receivables by Region:
1. Disclosure of net claims is made for exposure to assets in the Balance Sheet, exposure in Administrative Account Transactions (TRA) and exposures that give rise to Credit
Risk due to counterparty credit risk.
2. Determination of portfolio category and calculation of net receivables refers to the provisions regarding the guidelines for calculating risk-weighted assets for Credit Risk
using the standard approach.
3. The division of regions is carried out based on the policies of each Bank, according to the management report. The division of the region is determined to be at least 3
(three) regions. Banks must disclose in the report the details of the net claims from each region.
4. Determination of the region is based on the project location of the debtor.
252 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
Net Receivables by Region
Sulawesi & Bali & Nusa
Kalimantan Irian Jaya & Papua Outside Indonesia Total
Maluku Tenggara
(6) (7) (8) (9) (10) (11)
- - - - - 103,170,615
- - - - - 16,002,378
-
74 10,149 - - - 2,923,774
2,000,868 1,591,560 876,038 19,408 - 43,478,305
- 6,923 - - - 6,923
3,433,883 6,027,850 2,182,877 314,674 - 42,290,626
3,426,968 3,721,270 2,470,361 217,045 - 59,438,215
12,568,702 1,362,881 668,397 266,108 - 76,138,696
72,004 53,223 51,359 1,752 - 1,337,169
410,373 301,462 102,245 15,413 - 13,248,384
21,912,872 13,075,318 6,351,277 834,400 - 358,035,085
(Rp Million)
December 31, 2022
Net Receivables by Region
Sulawesi & Bali & Nusa
Kalimantan Irian Jaya & Papua Outside Indonesia Total
Maluku Tenggara
(6) (7) (8) (9) (10) (11)
- - - - - 90,953,140
- - 1,500,532 - - 15,864,128
- - - - - -
1 12,709 - - - 3,002,535
1,966,067 1,607,183 723,219 19,571 - 30,672,425
- 3,991 - - - 6,499
3,439,850 5,887,307 1,861,709 306,733 - 39,028,216
2,506,943 3,499,266 2,233,253 159,188 - 53,960,005
11,208,760 1,758,202 650,711 72,380 - 64,187,698
82,825 64,864 64,153 615 - 1,293,121
25,922 49,825 9,516 2,112 - 11,667,553
19,230,368 12,883,347 7,043,093 560,599 - 310,635,320
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 253
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
2. Net Receivable by Remaining Maturity of Contract
No. Portfolio Category
(1) (2)
1 Government Receivables
2 Public Sector Entities Receivables
3 Multilateral Development Banks and International Institutions Receivables
4 Bank Receivables
5 Home Secured Financing
6 Commercial Property Secured financing
7 Employee/Pensioner Financing
8 Micro-Businesses, Small Businesses, and Retail Portfolios Receivables
9 Corporate Receivables
10 Matured Receivables
11 Other Assets
TOTAL
No. Portfolio Category
(1) (2)
1 Government Receivables
2 Public Sector Entities Receivables
3 Multilateral Development Banks and International Institutions Receivables
4 Bank Receivables
5 Home Secured Financing
6 Commercial Property Secured financing
7 Employee/Pensioner Financing
8 Micro-Businesses, Small Businesses, and Retail Portfolios Receivables
9 Corporate Receivables
10 Matured Receivables
11 Other Assets
TOTAL
Disclosure of Net Receivables by Remaining Contract Term:
1. Disclosure of net claims is made for exposure to assets in the Balance Sheet, exposure in Administrative Account Transactions (TRA) and exposures that give rise to Credit
Risk due to counterparty credit risk.
2. Determination of portfolio category and calculation of net receivables refers to the provisions regarding the guidelines for calculating risk-weighted assets for Credit Risk
using the standard approach.
3. Mapping into the time scale is carried out based on the remaining time to maturity according to the contract for Balance Sheet, TRA and exposures that cause Credit Risk
due to the failure of counterparties with contractual maturities. For balance sheet items, TRA and exposures that cause Credit Risk due to the failure of counterparties
that do not have contractual maturity (non-maturity items) are entered into the non-contractual column.
254 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
Net Receivable by Remaining Maturity of Contract
< 1 Year > 1 year to 3 years > 3 year to 5 years > 5 years Non Contractual Total
(3) (4) (5) (6) (7) (8)
72,061,730 17,904,457 7,139,766 6,064,662 - 103,170,615
8,372,624 804,801 1,292,528 5,532,425 - 16,002,378
- - - - - -
2,632,715 166,911 67,548 56,600 - 2,923,774
136,432 1,386,355 2,933,022 39,022,496 - 43,478,305
2,838 4,085 - - - 6,923
158,990 2,189,121 4,484,488 35,458,027 - 42,290,626
7,334,172 15,409,195 16,411,344 20,283,504 - 59,438,215
13,391,282 10,826,924 12,062,625 39,857,865 - 76,138,696
126,385 360,813 241,519 608,452 - 1,337,169
- - - - 13,248,384 13,248,384
104,217,168 49,052,662 44,632,840 146,884,031 13,248,384 358,035,085
(Rp Million)
December 31, 2022
Net Receivable by Remaining Maturity of Contract
< 1 Year > 1 year to 3 years > 3 year to 5 years > 5 years Non Contractual Total
(3) (4) (5) (6) (7) (8)
52,519,757 23,226,901 9,462,773 5,743,709 - 90,953,140
7,481,218 1,454,649 2,220,611 4,707,650 - 15,864,128
- - - - - -
2,824,387 87,964 72,561 17,623 - 3,002,535
212,825 1,487,646 2,543,589 26,428,365 - 30,672,425
2,508 3,991 - - - 6,499
182,125 1,857,428 4,047,923 32,940,740 - 39,028,216
6,692,864 11,962,829 12,733,026 22,571,286 - 53,960,005
12,423,008 9,880,291 10,035,966 31,848,433 - 64,187,698
245,003 239,145 316,768 492,205 - 1,293,121
3,469,975 - - - 8,197,578 11,667,553
86,053,670 50,200,844 41,433,217 124,750,011 8,197,578 310,635,320
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 255
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
3. Net Receivable by Economic Sector
Multilateral
No. Economic Sector Development
Public Sector
Government Banks and
Entities
Receivables International
Receivables
Institutions
Receivables
(1) (2) (3) (4) (5)
1 Agriculture, Hunting, and Forestry - - -
2 Fishery - - -
3 Mining and Excavation - - -
4 Processing Industry - 1,626,317 -
5 Electricity, Gas, and Water - 2,494,067 -
6 Construction - 7,721,197 -
7 Large Trade and Retail - 4,396 -
8 Provision of Accommodation and Provision of Food and Drink - 33,962 -
9 Transportation, Warehousing, and Communication - 2,041,457 -
10 Financial Intermediary 1,477,500 1,914,403 -
11 Real Estate, Rental Business, and Corporate Services - - -
12 Government Administration, Defense, and Mandatory Social - - -
Security
13 Educational Services - - -
14 Health Services and Social Activities - 4,773 -
15 Community Services, Socio-Cultural, Entertainment, and Other - - -
Individuals
16 Individual Services That Serve the Household - - -
17 International and Other Extra International Institution - - -
18 Activities that are not yet clear limitations - - -
19 Non Business Field - - -
20 Other 101,693,115 161,806 -
TOTAL 103,170,615 16,002,378 -
256 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
Net Receivable by Economic Sector
Micro-
Businesses,
Commercial
Employee/ Small
Bank Home Secured Property Corporate Matured
Pensioner Businesses, Other Assets
Receivables Financing Secured Receivables Receivables
Financing and Retail
financing
Portfolios
Receivables
(6) (7) (8) (9) (10) (11) (12) (13)
- - - 6,887 3,982,793 12,905,205 52,783 -
- - - 36,565 509,077 159,083 22,032 -
- - - 524 12,959 2,381,173 371 -
- - - - 1,989,441 6,645,375 108,231 -
- - - 278 22,155 1,912,413 79,225 -
- - 2,838 - 251,498 10,127,445 16,147 -
- - - 40,385 11,031,920 5,626,602 228,937 -
- - - - 2,116,903 552,189 17,931 -
- - - - 476,943 5,767,581 8,902 -
2,923,774 - - - 8,653 2,203,147 25 -
- - 4,085 46 750,292 3,063,358 16,510 -
- - - - - - - -
- - - 875 217,044 4,256,304 12,876 -
- - - 87 512,887 6,275,028 12,155 -
- - - 32,982 2,806,221 383,267 28,213 -
- - - 1,999 56,984 90,673 4,817 -
- - - - - - - -
- - - - - - - -
- 43,478,305 - 42,169,998 34,457,183 9,176,638 728,014 -
- - - - 235,262 4,613,215 - 13,248,384
2,923,774 43,478,305 6,923 42,290,626 59,438,215 76,138,696 1,337,169 13,248,384
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 257
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Multilateral
No. Economic Sector Development
Public Sector
Government Banks and
Entities
Receivables International
Receivables
Institutions
Receivables
(1) (2) (3) (4) (5)
1 Agriculture, Hunting, and Forestry - 208,603 -
2 Fishery - 242 -
3 Mining and Excavation - 1,500,000 -
4 Processing Industry - 1,596,933 -
5 Electricity, Gas, and Water - 2,224,244 -
6 Construction - 6,648,450 -
7 Large Trade and Retail - 253,488 -
8 Provision of Accommodation and Provision of Food and Drink - 38,362 -
9 Transportation, Warehousing, and Communication - 2,069,437 -
10 Financial Intermediary 1,492,500 1,063,029 -
11 Real Estate, Rental Business, and Corporate Services - - -
12 Government Administration, Defense, and Mandatory Social - - -
Security
13 Educational Services - - -
14 Health Services and Social Activities - 532 -
15 Community Services, Socio-Cultural, Entertainment, and Other - - -
Individuals
16 Individual Services That Serve the Household - - -
17 International and Other Extra International Institution - - -
18 Activities that are not yet clear limitations - - -
19 Non Business Field - - -
20 Other 89,460,640 260,808 -
TOTAL 90,953,140 15,864,128 -
Disclosure of Net Receivables by Economic Sector:
1. Disclosure of net claims is made for exposure to assets in the Balance Sheet, exposure in Administrative Account Transactions (TRA) and exposures that give rise to Credit
Risk due to counterparty credit risk.
2. Determination of portfolio category and calculation of net receivables refers to the provisions regarding the guidelines for calculating risk-weighted assets for Credit Risk
using the standard approach.
3. The division of economic sectors refers to the economic sectors listed in the Monetary and Financial System Stability Report (LSMK), with the addition of other sectors for
the economic sector from net bills that cannot be classified in any of the existing sectors.
258 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
Net Receivable by Economic Sector
Micro-
Businesses,
Commercial
Employee/ Small
Bank Home Secured Property Corporate Matured
Pensioner Businesses, Other Assets
Receivables Financing Secured Receivables Receivables
Financing and Retail
financing
Portfolios
Receivables
(6) (7) (8) (9) (10) (11) (12) (13)
- - - 3,838 2,826,050 10,125,328 58,056 -
- - - 52,864 454,338 331,942 19,786 -
- - - 565 10,093 2,255,440 6,129 -
- - - 40 1,335,835 6,233,294 146,312 -
- - - 460 15,345 1,391,209 73,562 -
- - 5,779 - 235,439 8,918,436 78,570 -
- - - 57,857 10,811,000 5,528,926 239,747 -
- - - - 1,448,890 648,812 16,054 -
- - - - 373,887 3,012,716 8,990 -
160,487 - - - 11,832 2,319,757 57 -
- - 720 53 623,126 3,313,954 29,565 -
- - - - - - - -
- - - 1,070 174,160 3,693,266 8,391 -
- - - 122 386,957 4,705,248 2,063 -
- - - 49,720 1,950,202 415,152 30,316 -
- - - 3,571 77,866 97,394 2,450 -
- - - - - - - -
- - - - - - - -
- 30,672,425 - 38,858,056 32,919,727 8,683,001 573,073 -
2,842,048 - - - 305,258 2,513,823 - 11,667,553
3,002,535 30,672,425 6,499 39,028,216 53,960,005 64,187,698 1,293,121 11,667,553
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 259
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
4. Receivables and Allowance by Region
No. Portfolio Category
Sumatra Jakarta Java
(1) (2) (3) (4) (5)
1 Receivable 65,761,040 161,621,708 95,903,476
2 Receivables impaired - -
a. Non Overdue 730,707 701,541 961,823
b. Overdue 459,934 3,436 695,461
3 CKPN - Individual 105,827 - 1,109,150
4 CKPN - Collective 1,605,132 175,726 5,861,667
5 Writen Off Receivable 809,630 351,360 801,714
No. Portfolio Category
Sumatra Jakarta Java
(1) (2) (3) (4) (5)
1 Receivable 50,831,615 144,226,483 82,395,742
2 Receivables impaired - - -
a. Non Overdue 3,432,328 6,589,669 6,949,396
b. Overdue 370,788 119,896 589,980
3 CKPN - Individual 100,361 222,383 1,056,270
4 CKPN - Collective 1,439,318 2,271,654 3,062,889
5 Writen Off Receivable 90,712 1,808,168 228,415
260 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
Receivables and Allowance by Region
Sulawesi & Bali & Nusa
Kalimantan Irian Jaya & Papua Outside Indonesia Total
Maluku Tenggara
(6) (7) (8) (9) (10) (11)
22,212,087 13,393,190 6,469,668 842,747 366,203,916
- - - - - -
170,913 214,912 61,046 6,533 2,847,475
72,004 53,223 51,359 1,752 1,337,169
45,428 10,855 - - - 1,271,260
429,867 355,063 169,014 10,313 - 8,606,782
174,710 152,899 107,817 947 2,399,077
(Rp Million)
December 31, 2022
Receivables and Allowance by Region
Sulawesi & Bali & Nusa
Kalimantan Irian Jaya & Papua Outside Indonesia Total
Maluku Tenggara
(6) (7) (8) (9) (10) (11)
19,457,966 13,181,319 7,120,165 562,596 - 317,775,886
- - - - - -
1,202,996 783,283 760,121 20,841 - 19,738,634
82,825 64,864 64,153 615 - 1,293,121
73,808 10,541 - - - 1,463,363
443,618 404,227 167,191 6,023 - 7,794,920
19,549 32,530 23,062 215 - 2,202,651
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 261
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
5. Net Receivable and Allowance by Economic Sector
No. Economic Sector
(1) (2)
1 Agriculture, Hunting, and Forestry
2 Fishery
3 Mining and Excavation
4 Processing Industry
5 Electricity, Gas, and Water
6 Construction
7 Large Trade and Retail
8 Provision of Accommodation and Provision of Food and Drink
9 Transportation, Warehousing, and Communication
10 Financial Intermediary
11 Real Estate, Rental Business, and Corporate Services
12 Government Administration, Defense, and Mandatory Social Security
13 Educational Services
14 Health Services and Social Activities
15 Community Services, Socio-Cultural, Entertainment, and Other Individuals
16 Individual Services That Serve the Household
17 International and Other Extra International Institution
18 Activities that are not yet clear limitations
19 Non Business field
20 Other
TOTAL
262 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
Receivable and Allowance by Economic Sector
Receivables that have decreased in value Allowance - Allowance - Writen Off
Receivable
Non Overdue Overdue Individual Collective Receivable
(3) (4) (5) (6) (7) (8)
17,131,131 133,442 52,783 119,383 454,505 165,014
769,618 19,492 22,032 - 54,915 70,195
2,416,126 2,764 371 - 25,569 14,190
11,833,328 60,305 108,231 1,012,820 559,615 118,677
4,769,409 653 79,225 4,194 304,908 638
19,943,956 562,411 16,147 13,593 2,638,405 108,223
17,638,778 385,962 228,937 31,008 890,958 626,022
2,762,902 41,774 17,931 9,843 104,130 38,748
8,364,049 40,055 8,902 18,810 271,665 32,293
6,009,903 32,524 25 2,594 111,278 3,686
3,913,493 26,436 16,510 7,139 103,448 81,199
- - - - - -
4,526,632 6,526 12,876 14,797 68,162 35,848
6,911,573 9,345 12,155 4,789 94,183 5,063
3,321,171 45,009 28,213 - 145,941 76,339
161,075 1,628 4,817 - 8,907 6,519
- - - - - -
- - - - - -
131,922,983 1,479,149 728,014 32,290 2,580,613 1,001,814
123,807,789 - - - 189,580 14,609
366,203,916 2,847,475 1,337,169 1,271,260 8,606,782 2,399,077
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 263
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
No. Economic Sector
(1) (2)
1 Agriculture, Hunting, and Forestry
2 Fishery
3 Mining and Excavation
4 Processing Industry
5 Electricity, Gas, and Water
6 Construction
7 Large Trade and Retail
8 Provision of Accommodation and Provision of Food and Drink
9 Transportation, Warehousing, and Communication
10 Financial Intermediary
11 Real Estate, Rental Business, and Corporate Services
12 Government Administration, Defense, and Mandatory Social Security
13 Educational Services
14 Health Services and Social Activities
15 Community Services, Socio-Cultural, Entertainment, and Other Individuals
16 Individual Services That Serve the Household
17 International and Other Extra International Institution
18 Activities that are not yet clear limitations
19 Non Business field
20 Other
TOTAL
6. Allowance Mutation Details
No. Description
(1) (2)
1 Beginning Balance Allowance
2 Provision (recovery) of Allowance in the current year (Net)
a. Provision of Allowance in the current year
b. Recovery in the current year
3 Allowance used to write off in the current year
4 Other provision (recovery) in the current year
ENDING BALANCE ALLOWANCE
264 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2022
Receivable and Allowance by Economic Sector
Receivables that have decreased in value Allowance - Allowance - Writen Off
Receivable
Non Overdue Overdue Individual Collective Receivable
(3) (4) (5) (6) (7) (8)
13,402,466 1,234,255 58,056 100,382 466,223 114,741
920,432 220,887 19,786 - 68,532 100,168
3,795,318 123,134 6,129 2,359 59,545 12,509
10,891,618 405,927 146,312 1,101,047 536,312 187,707
4,035,107 57,001 73,562 4,744 366,158 10,089
16,519,583 3,289,765 78,570 10,759 2,047,215 99,476
17,146,301 2,411,690 239,747 56,629 891,573 676,794
2,195,828 557,685 16,054 12,302 84,946 36,192
5,613,319 2,681,692 8,990 85,559 369,656 14,385
5,304,479 85,501 57 5,737 106,025 7,232
4,098,095 743,489 29,565 21,399 160,382 35,774
- - - - - -
3,914,185 760,767 8,391 29,750 63,172 8,197
5,183,481 453,920 2,063 7,323 68,467 10,355
2,526,658 376,081 30,316 - 132,764 81,739
188,846 63,176 2,450 - 11,186 12,572
- - - - - -
- - - - - -
112,841,924 6,273,664 573,073 25,373 2,302,868 11,468
109,198,246 - - - 59,896 783,253
317,775,886 19,738,634 1,293,121 1,463,363 7,794,920 2,202,651
(Rp Million)
December 31, 2023 December 31, 2022
Allowance Mutation Details Allowance Mutation Details
Allowance - Individual Allowance - Collective Allowance - Individual Allowance - Collective
(3) (4) (5) (6)
1,463,363 7,794,920 1,199,929 6,329,966
- - - -
(65,303) 2,715,512 462,617 3,227,061
28,124 583,657 13,717 350,261
(154,924) (2,481,020) (212,900) (2,171,123)
- (6,287) - 58,755
1,271,260 8,606,782 1,463,363 7,794,920
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 265
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
7. Net Receivable by Portfolio Category and Ranking Scale
Rating Agency Long-Term Ratings
Standard and
AAA AA+ to AA- A+ to A- BBB+ to BBB-
Poor’s
Fitch Rating
AAA AA+ to AA- A+ to A- BBB+ to BBB-
No. Portfolio Category International
Moody’s
Investor AAA AA1 to AA3 A1 to A3 BAA1 to BAA3
Service
Fitch Rating AA+(IDN) to A+(IDN) to BBB+(IDN) to
AAA (IDN)
Indonesia AA-(IDN) A-(IDN) BBB-(IDN)
Pemeringkat IDAA+ to IDBBB+ to
IDAAA IDA+ to IDA-
Efek Indonesia IDAA- IDBBB-
(1) (2) (3) (4) (5) (6) (7)
1 Government Receivables 1,477,500 - - -
2 Public Sector Entities Receivables 3,408,470 7,521,154 2,397,641 900,831
3 Multilateral Development Banks and
International Institutions Receivables
4 Bank Receivables 640,134 41,695 42,956 -
5 Home Secured Financing
6 Commercial Property Secured financing
7 Employee/Pensioner Financing
8 Micro-Businesses, Small Businesses, and
Retail Portfolios Receivables
9 Corporate Receivables 1,812,597 985,431 7,689,512 989,450
10 Matured Receivables
11 Other Assets
TOTAL 7,338,701 8,548,280 10,130,109 1,890,281
266 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
Net Receivable by Portfolio Category and Ranking Scale
Short-Term Ratings
BB+ to BB- B+ to B- Less than B- A-1 A-2 A-3 Less than A-3
BB+ to BB- B+ to B- Less than B- F1+ to F1 F2 F3 Less than F3
No Ranking Total
BA1 to BA3 B1 to B3 Less than B3 P-1 P-2 P-3 Less than P-3
BB+(IDN) to B+(IDN) to Less than F1+(IDN) to Less than
F2(IDN) F3(IDN)
BB-(IDN) B-(IDN) B-(IDN) F1(IDN) F3(IDN)
ID BB+ to Less than Less than
ID B+ to IDB- IDA1 IDA2 IDA3 to IDA4
IDBB- IDB- IDA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 101,693,115 103,170,615
- - - - - - - 1,774,282 16,002,378
- - - - - - - -
- - - - - - - 2,198,989 2,923,774
- - - - - - - 64,661,706 76,138,696
- - - - - - - 170,328,092 198,235,463
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 267
Page 270
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Rating Agency Long-Term Ratings
Standard and
AAA AA+ to AA- A+ to A- BBB+ to BBB-
Poor’s
Fitch Rating
AAA AA+ to AA- A+ to A- BBB+ to BBB-
No. Portfolio Category International
Moody’s
Investor AAA AA1 to AA3 A1 to A3 BAA1 to BAA3
Service
Fitch Rating AA+(IDN) to A+(IDN) to BBB+(IDN) to
AAA (IDN)
Indonesia AA-(IDN) A-(IDN) BBB-(IDN)
Pemeringkat IDAA+ to IDBBB+ to
IDAAA IDA+ to IDA-
Efek Indonesia IDAA- IDBBB-
(1) (2) (3) (4) (5) (6) (7)
1 Government Receivables 1,492,500 - - 49,064,882
2 Public Sector Entities Receivables 4,621,033 5,599,317 2,531,527 3,008,410
3 Multilateral Development Banks and - - - -
International Institutions Receivables
4 Bank Receivables 596,492 48,628 35,794 -
5 Home Secured Financing
6 Commercial Property Secured financing
7 Employee/Pensioner Financing
8 Micro-Businesses, Small Businesses, and
Retail Portfolios Receivables
9 Corporate Receivables 412,599 - 4,425,911 2,261,561
10 Matured Receivables
11 Other Assets
TOTAL 7,122,624 5,647,945 6,993,232 54,334,853
268 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 271
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2022
Net Receivable by Portfolio Category and Ranking Scale
Short-Term Ratings
BB+ to BB- B+ to B- Less than B- A-1 A-2 A-3 Less than A-3
BB+ to BB- B+ to B- Less than B- F1+ to F1 F2 F3 Less than F3
No Ranking Total
BA1 to BA3 B1 to B3 Less than B3 P-1 P-2 P-3 Less than P-3
BB+(IDN) to B+(IDN) to Less than F1+(IDN) to Less than
F2(IDN) F3(IDN)
BB-(IDN) B-(IDN) B-(IDN) F1(IDN) F3(IDN)
ID BB+ to Less than Less than
ID B+ to IDB- IDA1 IDA2 IDA3 to IDA4
IDBB- IDB- IDA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 40,395,758 90,953,140
- - - - - - - 103,841 15,864,128
- - - - - - - - -
- - - - - - - 2,321,621 3,002,535
- - - - - - - 57,087,627 64,187,698
- - - - - - - 99,908,847 174,007,501
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 269
Page 272
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
8. Credit Risk of the Opposing Party
a. Sharia Hedging Transactions Over the Counter
No. Underlying Variables
Notional Value
≤ 1 Year > 1 Year - ≤ 5 Year > 5 Year
(1) (2) (3) (4) (5)
1 Sharia compliant profit rate swap - - -
2 Sharia compliant foreign currency swap - - -
3 Other - - -
TOTAL - - -
No. Underlying Variables
Notional Value
≤ 1 Year > 1 Year - ≤ 5 Year > 5 Year
(1) (2) (3) (4) (5)
1 Sharia compliant profit rate swap - - -
2 Sharia compliant foreign currency swap - - -
3 Other - - -
TOTAL - - -
270 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 273
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
OTC Sharia Hedging Transactions
Sharia Hedging Sharia Hedging Net Receivable Net Receivable
MRK
Receivable Obligations Before MRK After MRK
(6) (7) (8) (9) (10)
- - - - -
- - - - -
- - - - -
- - - - -
(Rp Million)
December 31, 2022
OTC Sharia Hedging Transactions
Sharia Hedging Sharia Hedging Net Receivable Net Receivable
MRK
Receivable Obligations Before MRK After MRK
(6) (7) (8) (9) (10)
- - - - -
- - - - -
- - - - -
- - - - -
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 271
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
b. Repo Transactions
(Rp Million)
December 31, 2023
Repo Transactions
No. Portfolio Category
Fair Value of SSB
Repo Obligations Net Receivables ATMR
Repo
(1) (2) (3) (4) (5) (6)
1 Government Receivables - - - -
2 Public Sector Entities Receivables - - - -
3 Multilateral development banks and - - - -
international institutions Receivables
4 Bank Receivables - - - -
5 Micro-Businesses, Small Businesses and - - - -
Retail Portfolios Receivables
6 Corporation Receivables - - - -
TOTAL - - - -
(Rp Million)
December 31, 2022
Repo Transactions
No. Portfolio Category
Fair Value of SSB
Repo Obligations Net Receivables ATMR
Repo
(1) (2) (3) (4) (5) (6)
1 Government Receivables - - - -
2 Public Sector Entities Receivables - - - -
3 Multilateral development banks and - - - -
international institutions Receivables
4 Bank Receivables - - - -
5 Micro-Businesses, Small Businesses and - - - -
Retail Portfolios Receivables
6 Corporation Receivables - - - -
TOTAL - - - -
272 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
c. Reverse Repo Transactions
(Rp Million)
December 31, 2023
Reverse Repo
No. Portfolio Category
Net Receivables
Net Receivables MRK value ATMR After MRK
After MRK
(1) (2) (3) (4) (5) (6)
1 Government Receivables - - - -
2 Public Sector Entities Receivables - - - -
3 Multilateral development banks and - - - -
international institutions Receivables
4 Bank Receivables - - - -
5 Micro-Businesses, Small Businesses and - - - -
Retail Portfolios Receivables
6 Corporation Receivables - - - -
TOTAL - - - -
(Rp Million)
December 31, 2022
Reverse Repo
No. Portfolio Category
Net Receivables
Net Receivables MRK value ATMR After MRK
After MRK
(1) (2) (3) (4) (5) (6)
1 Government Receivables - - - -
2 Public Sector Entities Receivables - - - -
3 Multilateral development banks and - - - -
international institutions Receivables
4 Bank Receivables - - - -
5 Micro-Businesses, Small Businesses and - - - -
Retail Portfolios Receivables
6 Corporation Receivables - - - -
TOTAL - - - -
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 273
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
9. Net Bill by Risk Weight After Credit Risk Mitigation Impact
December 31, 2023
Portfolio
No. Net Receivables After Credit Risk Mitigation Impact ATMR
Category
0% 20% 25% 35% 50% 75% 100% 150% Other
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
A Exposure to Financial Position Statements
1 Government 103,170,615 - - - - - - - -
Receivables
2 Public Sector 2,095,788 9,048,574 - - 4,597,916 - - 260,099 4,498,821
Entities Receivables
3 Multilateral - - - - - - - - -
Development
Banks and
International
Institutions
Receivables
4 Bank Receivables 67,191 2,599,896 - - 198,327 - - - 619,143
5 Home Secured 45 7,563,174 9,854,950 26,060,136 - - - - 13,097,420
Financing
6 Commercial - - - - - - 6,923 - 6,923
Property Secured
financing
7 Employee/ 508 - - - 42,290,118 - - - 21,145,059
Pensioner
Financing
8 Micro-Businesses, 7,345,096 12,987,280 - - - - - - 31,273,502
Small Businesses,
and Retail
Portfolios
Receivables
9 Corporate 5,034,024 2,830,393 - - 7,561,997 - 58,856,675 - 63,203,752
Receivables
10 Matured 2,242 126,138 - - - - 1,205,353 - 1,230,581
Receivables
11 Other Assets 5,255,841 - - - - - 7,992,543 - 7,992,543
Total Exposure to 122,971,350 35,155,455 9,854,950 26,060,136 54,648,358 - 68,061,494 260,099 143,067,744
Financial Position
Statements
274 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2022
Capital Capital
Net Receivables After Credit Risk Mitigation Impact ATMR
Expense Expense
0% 20% 25% 35% 50% 75% 100% 150% Other
(13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24)
- 90,953,140 - - - - - - - - -
359,906 507,167 9,927,460 - - 5,429,502 - - - 4,700,243 376,019
- - - - - - - - - - -
49,531 28,081 2,723,273 - - 211,700 - - - 650,505 52,040
1,047,794 619 7,269,526 7,985,262 15,417,018 - - - - 8,846,177 707,694
554 - - - - - - 6,499 - 6,499 520
1,691,605 970 - - - 39,027,246 - - - 19,513,623 1,561,090
2,501,880 6,023,228 10,858,090 - - - 36,203,575 - - 29,324,299 2,345,944
5,056,300 3,257,942 445,298 - - 4,260,278 - 54,689,556 - 56,908,755 4,552,700
98,446 2,971 85,091 - - - - 1,205,058 - 1,222,076 97,766
639,403 - - - - - - 6,716,084 - 6,716,084 537,287
11,445,419 100,774,118 31,308,738 7,985,262 15,417,018 48,928,726 36,203,575 62,617,197 - 127,888,261 10,231,060
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 275
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
December 31, 2023
Portfolio
No. Net Receivables After Credit Risk Mitigation Impact ATMR
Category
0% 20% 25% 35% 50% 75% 100% 150% Other
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
B Exposure to Commitment and Contingency
1 Government - - - - - - - - -
Receivables
2 Public Sector - - - - - - - - -
Entities Receivables
3 Multilateral - - - - - - - - -
Development
Banks and
International
Institutions
Receivables
4 Bank Receivables - 48,196 - - 10,164 - - - 14,721
5 Home Secured - - - - - - - - -
Financing
6 Commercial - - - - - - - - -
Property Secured
financing
7 Employee/ - - - - - - - - -
Pensioner
Financing
8 Micro-Businesses, - - - - - 871,110 - - 653,333
Small Businesses,
and Retail
Portfolios
Receivables
9 Corporate - - - - 69,104 - 1,760,564 - 1,834,023
Receivables
10 Matured - - - - - - 3,437 - 3,437
Receivables
Total Exposure to - 48,196 - - 79,268 871,110 1,764,001 - 2,505,514
Commitment and
Contingency
December 31, 2023
Portfolio
No. Net Receivables After Credit Risk Mitigation Impact ATMR
Category
0% 20% 25% 35% 50% 75% 100% 150% Other
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
C Exposure Due to Failure of The Opposing Party (Counterparty Credit Risk)
1 Government - - - - - - - - -
Receivables
2 Public Sector - - - - - - - - -
Entities Receivables
3 Multilateral - - - - - - - - -
Development
Banks and
International
Institutions
Receivables
4 Bank Receivables - - - - - - - - -
5 Micro-Businesses, - - - - - - - - -
Small Businesses,
and Retail
Portfolios
Receivables
6 Corporate - - - - - - - - -
Receivables
Total Counterparty - - - - - - - - -
Credit Risk
Exposure
276 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2022
Capital Capital
Net Receivables After Credit Risk Mitigation Impact ATMR
Expense Expense
0% 20% 25% 35% 50% 75% 100% 150% Other
(13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24)
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
1,178 - 39,481 - - - - - - 7,896 632
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
52,267 4,227 - - - - 870,886 - - 653,165 52,253
146,722 1,612 - - - 72,982 - 1,460,030 - 1,496,521 119,722
275 - - - - - - - - - -
200,442 5,839 39,481 - - 72,982 870,886 1,460,030 - 2,157,582 172,607
(Rp Million)
December 31, 2022
Capital Capital
Net Receivables After Credit Risk Mitigation Impact ATMR
Expense Expense
0% 20% 25% 35% 50% 75% 100% 150% Other
(13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24)
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 277
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
10. Net Receivables and Credit Risk Mitigation Techniques
December 31, 2023
Receivables Billing and MRK Technique
No. Portfolio Category The Guaranteed Section with
Net
Receivables Financing
Collateral Warranty
Insurance
(1) (2) (3) (4) (5) (6)
A Exposure to Financial Position Statements
1 Government Receivables 103,170,615 - - -
2 Public Sector Entities Receivables 16,002,378 2,095,788 - -
3 Multilateral Development Banks and International Institutions - - - -
Receivables
4 Bank Receivables 2,865,414 67,191 - -
5 House Secured Financing 43,478,305 45 - -
6 Commercial Property Secured financing 6,923 - - -
7 Employee/Pensioner Financing 42,290,626 508 - -
8 Micro-Businesses, Small Businesses, and Retail Portfolios 58,567,105 7,345,096 - 12,987,280
Receivables
9 Corporate Receivables 74,283,089 5,034,024 - 32,365
10 Matured Receivables 1,333,732 2,242 - 126,138
11 Other Assets 13,248,384 - - -
Total Exposure to Financial Position Statements 355,246,571 14,544,894 - 13,145,783
B Exposure to Commitment and Contingency
1 Government Receivables - - - -
2 Public Sector Entities Receivables - - - -
3 Multilateral Development Banks and International Institutions - - - -
Receivables
4 Bank Receivables 58,359 - - -
5 Home Secured Financing - - - -
6 Commercial Property Secured financing - - - -
7 Employee/Pensioner Financing - - - -
8 Micro-Businesses, Small Businesses, and Retail Portfolios 871,110 - - -
Receivables
9 Corporate Receivables 1,855,607 - - -
10 Matured Receivables 3,437 - - -
Total Exposure to Commitment and Contingency 2,788,513 - - -
C Exposure Due to Opponent’s Failure (Counterparty Credit Risk)
1 Government Receivables - - - -
2 Public Sector Entities Receivables - - - -
3 Multilateral Development Banks and International Institutions - - - -
Receivables
4 Bank Receivables - - - -
5 Micro-Businesses, Small Businesses, and Retail Portfolios - - - -
Receivables
6 Corporate Receivables - - - -
Total Counterparty Credit Risk Exposure - - - -
TOTAL (A+B+C) - - - -
278 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 281
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2022
Receivables Billing and MRK Technique
The Guaranteed Section with
Net No
No Guaranteed Financing
Other Receivables Collateral Warranty Other Guaranteed
Insurance
(14)=(9)-
(8)=(3)-
(7) (9) (10) (11) (12) (13) [(10)+(11)+
[(4)+(5)+(6)+(7)
(12)+(13)
103,170,615 90,953,140 - - - 90953140
13,906,590 15,864,128 507,167 - - 15,356,961
- - - - - -
2,798,223 2,963,054 28,081 - - 2,934,973
43,478,260 30,672,425 619 - - 30,671,806
6,923 6,499 - - - 6,499
42,290,118 39,028,216 970 - - 39,027,246
38,234,729 53,084,893 6,023,228 - - 47,061,665
69,216,700 62,653,073 3,257,942 - - 59,395,131
1,205,352 1,293,121 2971 - - 1,290,150
13,248,384 11,667,553 6716084 - - 4,951,469
327,555,894 308,186,102 16,537,062 - - 291,649,040
- - - - - -
- - - - - -
- - - - - -
58,359 39,481 - - - 39,481
- - - - - -
- - - - - -
- - - - - -
871,110 875,112 4,227 - - 870,885
1,855,607 1,534,625 1,612 - - 1,533,013
3,437 - - - - -
2,788,513 2,449,218 5,839 - - 2,443,379
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 310,635,320 16,542,901 - - 294,092,419
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 279
Page 282
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
11. Asset Securitization Transactions
No. Securitization Exposure
(1) (2)
1 Bank acts as initial creditor - Type of exposure (example: house secured financing)
2 The Bank acts as a supporting credit provider:
a. First risk insurer facility - Type of exposure (example: house secured financing)
b. Second risk underwriting facility - Type of exposure (example: house secured financing)
3 Bank acts as a provider of liquidity facilities - Type of exposure (example: house secured financing)
4 Bank acts as a service provider - Type of exposure (example: house secured financing)
5 Bank acts as custodian bank - Type of exposure (example: house secured financing)
6 Banks act as financiers
a. Senior trache - Type of exposure (example: house secured financing)
b. Junior trache - Type of exposure (example: mortgage secured bills)
No. Securitization Exposure
(1) (2)
1 Bank acts as initial creditor - Type of exposure (example: house secured financing)
2 The Bank acts as a supporting credit provider:
a. First risk insurer facility - Type of exposure (example: house secured financing)
b. Second risk underwriting facility - Type of exposure (example: house secured financing)
3 Bank acts as a provider of liquidity facilities - Type of exposure (example: house secured financing)
4 Bank acts as a service provider - Type of exposure (example: house secured financing)
5 Bank acts as custodian bank - Type of exposure (example: house secured financing)
6 Banks act as financiers
a. Senior trache - Type of exposure (example: house secured financing)
b. Junior trache - Type of exposure (example: mortgage secured bills)
280 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023
Asset Securitization Transactions
The Value of Securitized Assets That Have Profit/Loss from
Value of Securitized Decreased in Value Securitization ATMR Capital Deduction
Assets
Maturity Not yet due Activities
(3) (4) (5) (6) (7) (8)
- -
- - - - - -
- - - - - -
- - - - -
- - - - -
-
-
- - - - - -
- - - - - -
- - - - -
(Rp Million)
December 31, 2022
Asset Securitization Transactions
The Value of Securitized Assets That Have Profit/Loss from
Value of Securitized Decreased in Value Securitization ATMR Capital Deduction
Assets
Maturity Not yet due Activities
(3) (4) (5) (6) (7) (8)
- -
- - - - - -
- - - - - -
- - - - -
- - - - -
-
-
- - - - - -
- - - - - -
- - - - -
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 281
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
12. Asset Securitization Transaction which Bus Acts as the Initial Creditor
No. Underlying Asset
(1) (2)
1 Government Receivables
2 Public Sector Entities Receivables
3 Multilateral Development Banks and International Institutions Receivables
4 Bank Receivables
5 House Secured Financing
6 Commercial Property Secured financing
7 Employee/Pensioner Financing
8 Micro-Businesses, Small Businesses, and Retail Portfolios Receivables
9 Corporate Receivables
10 Other Assets
TOTAL
13. Calculation of ATMR for Credit Risk Using Standard Approach
a. Asset Exposure in Financial Position Statement
No. Portfolio Category
(1) (2)
1 Government Receivables
2 Public Sector Entities Receivables
3 Multilateral Development Banks and International Institutions Receivables
4 Bank Receivables
5 House Secured Financing
6 Commercial Property Secured financing
7 Employee/Pensioner Financing
8 Micro-Businesses, Small Businesses, and Retail Portfolios Receivables
9 Corporate Receivables
10 Matured Receivables
11 Other Assets
TOTAL
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023 December 31, 2022
Initial Creditor Asset Securitization Transaction Initial Creditor Asset Securitization Transaction
Value of Securitized Assets Sales Gains/Losses Value of Securitized Assets Sales Gains/Losses
(3) (4) (5) (6)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
(Rp Million)
December 31, 2023 December 31, 2022
Balance Sheet Asset Exposure Balance Sheet Asset Exposure
Net Receivables ATMR Before MRK ATMR After MRK Net Receivables ATMR Before MRK ATMR After MRK
(3) (4) (5) (6) (7) (8)
103,170,615 - - 90,953,140 - -
16,002,378 4,982,402 4,498,822 15,864,128 4,865,959 4,700,243
- - - - -
2,865,414 652,738 619,143 2,963,054 664,545 650,505
43,478,305 13,097,429 13,097,419 30,672,425 8,846,312 8,846,177
6,923 6,923 6,923 6,499 6,499 6,499
42,290,626 21,145,313 21,145,059 39,028,216 19,514,108 19,513,623
58,567,105 43,925,329 31,273,502 53,084,893 39,813,670 29,324,299
74,283,089 68,213,669 63,203,753 62,653,073 60,142,855 56,908,755
1,333,732 1,333,732 1,230,580 1,293,121 1,293,121 1,222,076
13,248,384 - 7,992,543 11,667,553 - 6,716,084
355,246,571 153,357,535 143,067,744 308,186,102 135,147,069 127,888,261
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 283
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
b. Commitment and Contingency Exposure in Commitment and Contingency Report
No. Portfolio Category
(1) (2)
1 Government Receivables
2 Public Sector Entities Receivables
3 Multilateral Development Banks and International Institutions Receivables
4 Bank Receivables
5 House Secured Financing
6 Commercial Property Secured financing
7 Employee/Pensioner Financing
8 Micro-Businesses, Small Businesses, and Retail Portfolios Receivables
9 Corporate Receivables
10 Matured Receivables
TOTAL
c. Exposure Credit Risk due to The Failure of The Opposing Party (Counterparty Credit Risk)
No. Portfolio Category
(1) (2)
1 Government Receivables
2 Public Sector Entities Receivables
3 Multilateral Development Banks and International Institutions Receivables
4 Bank Receivables
5 Micro-Businesses, Small Businesses, and Retail Portfolios Receivables
6 Corporate Receivables
TOTAL
284 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
(Rp Million)
December 31, 2023 December 31, 2022
Commitment and Contingency Exposure Commitment and Contingency Exposure
Net Receivables ATMR Before MRK ATMR After MRK Net Receivables ATMR Before MRK ATMR After MRK
(3) (4) (5) (6) (7) (8)
- - - - - -
- - - - - -
- - - - - -
58,359 14,721 14,721 39,481 7,896 7,896
- - - - - -
- - - - - -
- - - - - -
871,110 653,332 653,332 875,112 656,334 653,165
1,855,607 1,834,024 1,834,024 1,534,625 1,498,134 1,496,521
3,437 3,437 3,437 - - -
2,788,513 2,505,514 2,505,514 2,449,218 2,162,364 2,157,582
(Rp Million)
December 31, 2023 December 31, 2022
CCR Credit Risk Exposure CCR Credit Risk Exposure
Net Receivables ATMR Before MRK ATMR After MRK Net Receivables ATMR Before MRK ATMR After MRK
(3) (4) (5) (6) (7) (8)
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
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d. Exposure Credit Risk due to Settlement Failure (Settlement Risk)
No. Portfolio Category
(1) (2)
1 Delivery versus payment
a. Capital expenses 8% (5-15 days)
b. Capital expenses 50% (16-30 days)
c. Capital expenses of 75% (31-45 days)
d. 100% capital expense (more than 45 days)
2 Non-delivery versus payment
TOTAL
e. Securitization Exposure Report
(Rp Million)
December 31, 2023 December 31, 2022
Securitization Exposure Securitization Exposure
No. Type of Transaction
Capital Reduction Capital Reduction
ATMR After MRK ATMR After MRK
Factor Factor
(1) (2) (3) (4) (5) (6)
1 ATMR for Securitization Exposure - -
calculated using the External Rating Base
Approach (ERBA) Method
2 ATMR for Securitization Exposure 10,831 -
calculated using the Standardized
Approach (SA) Method
3 Securitization Exposure which is a Major - -
Core Capital Reduction Factor
TOTAL - 10,831 - -
f. Credit Risk Measurement Total
(Rp Million)
December 31, 2023 December 31, 2022
TOTAL CREDIT RISK ATMR 145,584,089 130,045,842
TOTAL CAPITAL REDUCTION FACTOR - -
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(Rp Million)
December 31, 2023 December 31, 2022
Exposure Credit Risk Settlement Risk Exposure Credit Risk Settlement Risk
Capital Reduction Capital Reduction
Exposure Value ATMR After MRK Exposure Value ATMR After MRK
Factor Factor
(3) (4) (5) (6) (7) (8)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - - - -
B. Market Risk
(Rp Million)
December 31, 2023 December 31, 2022
No. Types Of Risk Bank Bank
Capital Expense ATMR Capital Expense ATMR
(1) (2) (3) (4) (5) (6)
1 Interest Rate Benchmark Risk 55,893 698,668 9,386 117,330
a. Specific Risk - - - -
b. General Risk 55,893 698,668 9,386 117,330
2 Exchange Rate Risk 75,350 941,868 15,108 188,854
3 Equity Risk1)
4 Commodity Risk1)
TOTAL 131,243 1,640,536 24,494 306,184
Remarks:
1) For BUS that has a subsidiary company that has the risk exposure in question
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C. Liquidity Risk
1. Rupiah Maturity Profile Disclosure
December 31, 2023
Maturity*)
No. Description Balance
> 1 month to 3 > 3 months to
≤ 1 month
months 6 months
(1) (2) (3) (4) (5) (6)
I STATEMENT OF FINANCIAL POSITION
A. Assets 334,340,403 51,972,465 10,786,045 10,761,461
1. Cash 4,912,435 4,912,435 - -
2. Placements with Bank Indonesia 21,401,613 21,401,613 - -
3. Placements with Other Banks 389,257 389,257 - -
4. Investments In Marketable Securities 69,551,241 16,408,444 3,337,886 4,793,369
5. Receivables:
a. Murabahah Receivables (gross) 135,797,448 208,608 244,549 568,277
b. Salam Receivables - - - -
c. Receivables istishna’ 30 - - 23
d. Receivables qardh 9,348,359 2,126,689 3,818,415 282,165
6. Financing with profit sharing scheme :
a. Mudharabah Financing 1,881,133 17,923 3,506 144,598
b. Musyarakah Financing 86,041,493 3,897,471 3,380,288 4,967,961
7. Financing rent 2,408,507 1,138 1,401 5,068
8. Other Assets 2,608,887 2,608,887 - -
B. Liabilities 295,403,060 256,228,652 23,418,538 8,649,819
1. Third Party Funds
a. Wadiah Demand Deposits 19,293,355 19,293,355 - -
b. Mudharabah Time Deposits 112,830,232 74,028,280 23,330,092 8,578,629
c. Wadiah Savings Deposits 45,718,046 45,718,046 - -
d. Mudharabah Savings Deposits 77,099,281 77,099,281 - -
e. Other 19,541,100 19,541,100 - -
2. Liabilities to Bank Indonesia 11,900,055 11,900,055 - -
3. Liabilities to Other Banks 1,086,510 1,039,714 32,951 5,433
4. Securities Issued 1,708,608 1,505,000 - -
5. Received Financing 776,250 776,250 - -
6. Other Liabilities 5,449,623 5,327,571 55,495 65,757
II COMMITMENT AND CONTINGENCY REPORTS
1. Commitment obligations 2,257,318 841,972 132,487 2,424
2. Contingency obligations 1,801,424 381,664 144,211 239,254
Difference (A-B) 38,937,343 -204,256,187 -12,632,493 2,135,447
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(Rp Million)
December 31, 2022
Maturity*)
Balance
> 6 months to > 1 month to 3 > 3 months to > 6 months to
>12 months ≤ 1 month >12 months
12 months months 6 months 12 months
(7) (8) (3) (4) (5) (6) (7) (8)
17,925,479 214,956,637 296,808,742 47,854,469 5,310,696 10,761,461 17,925,480 214,956,637
- - 4,809,426 4,809,426 - - - -
- - 27,898,748 27,898,748 - - - -
- - 343,271 343,271 - - - -
7,029,156 36,552,247 58,980,104 9,708,169 897,163 4,793,369 7,029,156 36,552,247
2,048,387 121,058,572 124,161,198 234,210 251,752 568,277 2,048,387 121,058,572
- - - - - - - -
63 43 132 3 - 23 63 43
5,838,768 1,887,634 8,057,646 47,247 1,832 282,165 5,838,768 1,887,634
41,270 744,568 1,041,397 9,878 101,083 144,598 41,270 744,568
2,952,763 53,242,303 68,481,163 3,260,912 4,057,224 4,967,961 2,952,763 53,242,303
15,072 1,471,270 1,497,851 4,799 1,642 5,068 15,072 1,471,270
- - 1,537,806 1,537,806 - - - -
5,216,132 787 263,585,683 245,870,040 8,111,977 4,386,747 5,216,132 787
- - 20,844,301 20,844,301 - - - -
5,179,930 787 98,032,769 80,520,114 8,025,549 4,306,389 5,179,930 787
- - 42,816,735 42,816,735 - - - -
- - 71,720,085 71,720,085 - - - -
- - 20,574,970 20,574,970 - - - -
- - - - - - - -
36,202 - 1,203,252 1,130,894 28,087 8,069 36,202 -
- - 3,450,000 3,450,000 - - - -
- - - - - - - -
- - 4,943,571 4,812,941 58,341 72,289 - -
3,104,487 420,998 198,716 561,154 308,603 1,615,016
377,327 (810,859) 1,213,621 51,128 21,721 - - 1,140,772
308,603 474,244 1,890,866 369,870 176,995 561,154 308,603 474,244
12,709,347 214,955,850 33,223,059 -198,015,571 -2,801,281 6,374,714 12,709,348 214,955,850
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2. Foreign Exchange Maturity Profile Disclosure Report
December 31, 2023
Maturity*)
No. Description Balance
> 1 month to 3 > 3 months to
≤ 1 month
months 6 months
(1) (2) (3) (4) (5) (6)
I STATEMENT OF FINANCIAL POSITION
A. Assets 19,283,721 14,555,894 1,190,819 912,124
1. Cash 343,406 343,406 - -
2. Placements with Bank Indonesia 11,039,165 10,654,240 384,925 -
3. Placements with Other Banks 1,685,216 1,685,216 - -
4. Investments In Marketable Securities 2,000,285 1,081,177 463,265 -
5. Receivables:
a. Murabahah Receivables (gross) 82,223 - - -
b. Salam Receivables - - - -
c. Receivables istishna’ - - - -
d. Receivables qardh 1,958,722 791,855 342,629 801,266
6. Financing with profit sharing scheme :
a. Mudharabah Financing - - - -
b. Musyarakah Financing 2,174,704 - - 110,858
7. Financing rent - - - -
8. Other Assets - - - -
B. Liabilities 19,481,943 18,745,347 262,572 67,538
1. Third Party Funds
a. Wadiah Demand Deposits 1,554,169 1,554,169 - -
b. Mudharabah Time Deposits 3,017,864 2,281,268 262,572 67,538
c. Wadiah Savings Deposits 1,308,328 1,308,328 - -
d. Mudharabah Savings Deposits 600,789 600,789 - -
e. Other 12,812,765 12,812,765 - -
2. Liabilities to Bank Indonesia - - - -
3. Liabilities to Other Banks 45 45 - -
4. Securities Issued 123,176 123,176 - -
5. Received Financing - - - -
6. Other Liabilities 64,807 64,807 - -
II COMMITMENT AND CONTINGENCY REPORTS
1. Commitment obligations 2,008 2,008 - -
2. Contingency obligations 1,036,413 100,769 46,191 15,495
Difference (A-B) -198,222 -4,189,453 928,247 844,586
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(Rp Million)
December 31, 2022
Maturity*)
Balance
> 6 months to > 1 month to 3 > 3 months to > 6 months to
>12 months ≤ 1 month >12 months
12 months months 6 months 12 months
(7) (8) (3) (4) (5) (6) (7) (8)
310,276 2,314,608 8,918,696 3,845,436 1,028,614 236,187 1,418,455 2,390,004
- - 142,043 142,043 - - - -
- - 3,879,710 3,179,172 700,538 - - -
- - 524,221 524,221 - - - -
157,284 298,559 495,802 - 35,135 - - 460,667
- 82,223 123,609 - - - - 123,609
- - - - - - - -
- - - - - - - -
22,972 - 1,643,963 - - 225,508 1,418,455 -
- - - - - - - -
130,020 1,933,826 2,109,348 - 292,941 10,679 - 1,805,728
- - - - - - - -
- - - - - - - -
406,486 - 8,636,144 7,080,834 393,768 280,478 881,064 -
- - 953,551 953,551 - - - -
406,486 - 2,453,161 1,988,721 294,650 67,101 102,689 -
- - 1,397,670 1,397,670 - - - -
- - 549,621 549,621 - - - -
- - 2,148,118 2,148,118 - - - -
- - - - - - - -
- - 36 36 - - - -
- - - - - - - -
- - 778,375 - - - 778,375 -
- - 355,612 43,117 99,118 213,377 - -
- - 109,382 - 104,614 4,768 - -
117,987 755,971 817,922 57,811 8,599 5,774 103,805 641,933
-96,210 2,314,608 282,552 -3,235,398 634,846 -44,291 537,391 2,390,004
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D. Operational Risk
No. Approach Used
(1) (2)
1 Standard indicator approach
TOTAL
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(Rp Million)
December 31, 2023 December 31, 2022
Gross Income Gross Income
(Average of the last Capital Expense ATMR (Average of the last Capital Expense ATMR
3 years) 3 years)
(3) (4) (5) (6) (7) (8)
18,347,104 2,752,066 34,400,820 17,664,424 2,649,664 33,120,795
18,347,104 2,752,066 34,400,820 17,664,424 2,649,664 33,120,795
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 293
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Page 297
06 CORPORATE GOVERNANCE
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Corporate
Governance
The implementation of BSI’s corporate
governance not only refers to regulatory
provisions, but is also guided by the best
standards at the national and international levels.
IMPLEMENTATION OF GCG implemented by all BSI personnel to achieve the Bank’s
PT Bank Syariah Indonesia Tbk (“Bank Syariah objectives in line with BSI’s Vision and Mission.
Indonesia”, “BSI”, “Bank”, “Company”) always strives
to enhance the implementation of good corporate BSI is committed to implementing GCG sustainably
governance (GCG) principles, in line with the within the Bank. In 2023, BSI gradually strives to
development of laws and regulations and best practices enhance GCG implementation to create sustainable
in the industry. BSI believes that the implementation of value and make a greater contribution to the growth of
GCG creates alignment between the Bank’s objectives Sharia, both nationally and globally.
and the interests of stakeholders.
A. Basis and Guidelines for Implementing GCG
The desired outcome of this approach should be As an Islamic bank, the primary foundation for
a favorable business climate, allowing the Bank to implementing Sharia principles in all activities of BSI
continue to meet its business objectives. It is then is the Quran and Hadith. These Sharia principles are
necessary to practice GCG in a directed, planned, and executed by BSI with good corporate governance, which
sustainable manner in accordance with all applicable adheres to various provisions and laws of the Republic
regulatory provisions, incorporating all Bank elements of Indonesia regulating BSI as a limited liability company,
into its implementation. bank, and/or publicly listed company, as follows:
1. Law No. 40 of 2007 concerning Limited Liability
COMMITMENT TO CORPORATE Companies as amended by Government Regulation
GOVERNANCE in Lieu of Law No. 2 of 2022 concerning Job
As the largest Islamic bank in Indonesia, BSI is Creation as stipulated into Law based on Law No. 6
positioned as a driving force in the growth of the Sharia of 2023 concerning the Enactment of Government
economy in the country. This great mandate is carried Regulation in Lieu of Law No. 2 of 2022 concerning
out by BSI with a strong sense of responsibility evident Job Creation into Law.
in every achievement since the merger to the present 2. Law No. 8 of 1995 concerning the Capital Market
day. All of BSI’s achievements are inseparable from as amended by Law No. 4 of 2023 concerning the
the commitment of the Board of Directors, Board of Development and Strengthening of the Financial
Commissioners, Sharia Supervisory Board, and all BSI Sector (“UU P2SK”).
personnel to operate a healthy banking system and 3. Law No. 21 of 2008 concerning Sharia Banking as
adhere to all applicable laws and regulations. amended by UU P2SK.
4. Collection of Fatwas from the National Sharia
At BSI, the principles of Corporate Governance (GCG), Board - Indonesian Ulema Council.
including Sharia principles, are the guiding framework
that governs all actions of BSI as a bank and a publicly
listed company. These principles must be upheld and
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5. Regulations of Bank Indonesia (“PBI”) and Circular b. POJK No. 8/POJK.03/2014 concerning the
Letters of Bank Indonesia (“SEBI”) related to the Assessment of the Health Level of Sharia
implementation of governance, including: Commercial Banks and Sharia Business Units;
a. PBI No. 11/33/PBI/2009 dated December c. POJK No. 33/POJK.04/2014 regarding the
7, 2009, regarding the Implementation of Board of Directors and Board of Commissioners
Good Corporate Governance for Sharia of Issuers or Public Companies;
Commercial Banks and Sharia Business Units, d. POJK No. 34/POJK.04/2014 regarding the
as repealed by POJK No. 2 of 2024 concerning Nomination and Remuneration Committee of
the Implementation of Sharia Governance for Issuers or Public Companies;
Sharia Commercial Banks and Sharia Business e. POJK No. 35/POJK.04/2014 concerning
Units; and the Corporate Secretary of Issuers or Public
b. SEBI No. 12/13/DPbS dated April 30, 2010, Companies;
concerning the Implementation of Good f. POJK No. 21/POJK.04/2015 concerning the
Corporate Governance for Sharia Commercial Application of Guidelines for Open Company
Banks and Sharia Business Units and its Governance and its amendments;
amendments. g. POJK No. 31/POJK.04/2015 concerning
6. Regulations of the Financial Services Authority Disclosure of Material Information or Facts by
(“POJK”) and Circular Letters of the Financial Issuers or Public Companies;
Services Authority (“SEOJK”), particularly h. POJK No. 55/POJK.04/2015 regarding
concerning Governance, Annual Reports, Risk the Establishment and Guidelines for the
Management, and various POJK and SEOJK related Operation of Audit Committees;
to the implementation of governance, include: i. POJK No. 56/POJK.04/2015 regarding
a. POJK No. 18/POJK.03/2014 regarding the the Establishment and Guidelines for the
Implementation of Integrated Governance for Preparation of Internal Audit Unit Charters;
Financial Conglomerates;
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CORPORATE
GOVERNANCE
j. POJK No. 27/POJK.03/2016 concerning the z. SEOJK No. 13/SEOJK.03/2017 concerning
Assessment of Competence and Fitness for the Application of Governance for Commercial
Primary Parties of Financial Institutions; Banks;
k. POJK No. 65/POJK.03/2016 regarding the aa. SEOJK No. 18/SEOJK.03/2023 concerning
Implementation of Risk Management for Procedures for the Use of Public Accountant
Sharia Commercial Banks and Sharia Business Services and Public Accounting Firms in
Units including all changes and implementation Financial Services Activities;
provisions; bb. Other related POJK and SEOJK.
l. POJK No. 46 /POJK.03/2017 regarding the 7. Ministerial Regulations of the State-Owned
Implementation of Compliance Functions for Enterprises of the Republic of Indonesia (“PERMEN
Commercial Banks; BUMN”) regulating state-owned subsidiary
m. POJK No. 11/POJK.04/2017 concerning companies, such as PERMEN BUMN No. PER-3/
Ownership Reports or Any Changes in MBU/03/2023 Regarding the Organization and
Ownership of Shares of Public Companies; Human Resources of State-Owned Enterprises.
n. POJK No. 37/POJK.03/2019 concerning 8. Other GCG implementation guidelines include:
Transparency and Publication of Bank Reports; a. BSI’s Articles of Association;
o. POJK No. 39/POJK.03/2019 regarding the b. Integrated Governance Guidelines of Bank
Implementation of Anti-Fraud Strategies for Mandiri with Subsidiary Companies;
Commercial Banks; c. Corporate Charter of Financial Conglomerates
p. POJK No. 15/POJK.04/2020 concerning the of Bank Mandiri;
Planning and Conduct of General Meetings of d. Company Internal Regulations including
Shareholders of Public Companies; Corporate Policies such as GCG Policy, Risk
q. POJK No. 16/POJK.04/2020 concerning Management, Internal Control Systems, and
the Implementation of General Meetings other policies;
of Shareholders of Public Companies e. Corporate Governance principles developed
Electronically; by the Organization for Economic Cooperation
r. POJK No. 16/POJK.03/2022 of 2022 and Development (OECD);
concerning Sharia Commercial Banks;
s. POJK No. 17 of 2023 concerning the f. Indonesian GCG Guidelines developed by
Application of Governance for Commercial the National Governance Policy Committee
Banks; (KNKG);
t. POJK No. 9 of 2023 concerning the Use of Public g. Principles for Enhancing Corporate
Accountant Services and Public Accounting Governance issued by the Basel Committee on
Firms in Financial Services Activities; Banking Supervision;
u. POJK No. 2 of 2024 concerning the h. ASEAN Corporate Governance Scorecard.
Implementation of Sharia Governance for
Sharia Commercial Banks and Sharia Business B. Principles of GCG Implementation
Units; BSI consistently strives to apply the 5 (five) principles of
v. SEOJK No. 10/SEOJK.03/2014 concerning GCG for Sharia Commercial Banks, namely:
the Assessment of the Health Level of Sharia 1. Transparency
Commercial Banks and Sharia Business Units; a. Disclose information in a timely, adequate,
w. SEOJK No. 10/SEOJK.03/2020 concerning clear, accurate and comparable manner for the
Transparency and Publication of Reports of stakeholders to access.
BUS and UUS; b. Have in place a written version of the Company
x. SEOJK No. 15/SEOJK.03/2015 concerning Policy and communicate it to stakeholders
the Application of Integrated Governance for entitled to revive information about the policy.
Financial Conglomerates; c. Apply the principle of transparency with due
y. SEOJK No. 32/SEOJK.04/2015 concerning regards to the provisions of applicable laws and
Guidelines for Open Company Governance; position confidentiality.
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2. Accountability 4. Independency
a. Accountable business targets and strategies a. Acting independently.
for the stakeholders. b. Avoiding undue domination by stakeholders
b. Clear lines of duties and responsibilities for and remaining unaffected by unilateral
each member of the Board of Commissioners, interests, as well as being free from conflicts of
Sharia Supervisory Board, and Board of interest.
Directors as well as all lower levels which are in c. Making decisions objectively and free from
line with the Company’s vision, mission, values, pressure from any party.
business targets and Company strategy. 5. Fairness and Equality
c. Each member of the Board of Commissioners, a. Considering the interests of all stakeholders
Sharia Supervisory Board, and Directors based on principles of equality and fairness.
as well as all lower levels shall have the b. Providing opportunities for all stakeholders to
required competence in accordance with their give input and express opinions for the benefit
responsibilities and understands their role in of the Bank.
implementing Corporate Governance. c. Possessing adequate competence to support
d. A check and balance system is implemented as the execution of tasks and responsibilities.
part of the Company’s management.
e. Performance is based on agreed measures that The five GCG principles are applied by BSI by adhering
are consistent with company values, business to the exemplary behavior of the Prophet Muhammad
targets and strategies as well as reward and Shalallahu Alaihi Wassalam in business, namely honesty
punishment systems. (shiddiq), education to the community (tabligh), trust
3. Responsibility (amanah), and professional management (fathanah).
In running its operations, the Bank must act
responsibly with strict adherence to the principle
of prudence and ensuring compliance with sharia
principles, applicable laws and regulations while
genuinely manifesting its environmental and social
concerns.
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CORPORATE
GOVERNANCE
CORPORATE GOVERNANCE ROADMAP
2021 The awareness of GCG implementation has started since the merger into BSI. BSI took best practices from each
legacy bank to be refined and implemented in BSI. BSI has also improved the implementation of GCG, by doing
the following:
• Establishment of Committees under the coordination of the Board of Commissioners, namely
- Audit Committee
- Risk Monitoring Committee
- Remuneration and Nomination Committee
• Establishment of Corporate Secretary.
• Implementation of the General Meeting of Shareholders in accordance with the laws and regulations
applicable to public companies.
• Carry out information disclosure in a timely manner, among others in the publication of Financial
Statements, information and material events or facts.
• Prepare an Annual Report that is timely, adequate, clear and accurate. Pay attention to the interests of
minority shareholders.
In addition, BSI is also committed to anti-gratification as evidenced by the signing of an integrity pact by all
levels of management followed by all employees. BSI has also obtained ISO 37301 Anti-Bribery Management
System.
In order to assess the quality of governance implementation, BSI participates in a research and ranking program
for governance implementation, namely the Corporate Governance Perception Index (CGPI) which is held by
an independent party. In the 2020 CGPI program which was held in 2021 with the theme: “Building Resilience
within the Framework of Good Corporate Governance”, BSI won the title “Highly Trusted” with a score of 88.89.
2022 • Implementing a Right Issue to strengthen BSI’s capital structure.
• Becoming the first Shariah bank to obtain ISO 37301:2021 Compliance Management System certification.
• In continuation of the governance enhancement process and to demonstrate commitment and consistency
in its implementation, BSI aligns its governance practices by adopting principles developed by the
Organization for Economic Cooperation and Development (OECD) and agreed upon by the ASEAN Capital
Market Forum (ACMF), known as the ASEAN Corporate Governance (CG) Scorecard.
• BSI once again earned the “Highly Trusted” predicate with a score of 90 in the Corporate Governance
Perception Index (CGPI) assessment.
2023 • Maintaining ISO 37301:2021 Compliance Management System certification and ISO 37001:2016 Anti-
Bribery Management System certification.
• BSI once again earned the “Highly Trusted” predicate with a score of 91.50 in the Corporate Governance
Perception Index (CGPI) assessment.
• Conducting 4 (four) sessions of gratification control strengthening socialization with the Corruption
Eradication Commission.
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Governance
Structure
CORPORATE GOVERNANCE STRUCTURE
Corporate Governance Structure
“BSI applies the Three Lines Model in supporting organizations to identify effective structures and processes to
enable the achievement of objectives, and facilitate strong governance and risk management.”
Annual General Meeting
Board of Commissioner
Remuneration
Risk Monitoring Audit
& Nomination
Committee
Committee Committee
Board of Sharia Oversight
Board of Director
Risk Policy & Human
Business IT Steering
ALCO Management Procedure Capital
Committee Committee
Committee Committee Committee
Identification, Measurement, Mitigation, Control
Enterprise Internal
Business Unit
Banking Risk Financial Human Audit
(Revenue Procurement
Operational Management Strategy Capital
Generating)
(SKMR)
Operational Information Policy & Compliance
Risk Taking Unit Legal
Support Technology Procedure Work Unit
1st Line 2nd Line 3rd Line
Risk Owner Independent Risk Management Independent Assurance
Accountability & Delegation, Alignment, Communication,
Reporting Direction & Coordination & Collaboration
Oversight
The BSI GCG structure is broadly divided into main and supporting bodies, each of which is supported by policies and
procedures. More specifically, the Bank’s governance organizational structure includes:
1. General Meeting of Shareholders (GMS);
2. Board of Commissioners;
3. Sharia Supervisory Board;
4. Board of Directors;
5. Committees under the Coordination of the Board of Commissioners; And
6. Committees under the Coordination of the Board of Directors.
7. Sharia Committee
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Performance Management Report Company Profile Management Discussion and Analysis
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General Meeting
of Shareholders
The General Meeting of Shareholders (“GMS”) is a BSI There are 2 (two) types of GMS conducted by Bank
organ with authority not delegated to the Board of Syariah Indonesia, namely the Annual GMS and the
Directors or the Board of Commissioners as stipulated Extraordinary GMS (“EGMS”). The Annual GMS is a
in applicable laws and BSI’s Articles of Association. mandatory GMS held by the Board of Directors every
year, no later than 6 (six) months after the Bank’s fiscal
The GMS serves as a platform for shareholders to year ends. Meanwhile, the EGMS is a GMS that can
exercise their rights to express opinions and obtain be held at any time based on the Company’s needs to
information related to the Company as long as it discuss and decide on meeting agendas.
pertains to the meeting agenda and is not conflicting
with the Company’s interests, while adhering to the SHAREHOLDERS
provisions of the Company’s Articles of Association and Shareholders are individuals or legal entities who
applicable laws. lawfully own shares of the Bank. The Company’s
shares are shares issued in the name of their registered
As the highest organ in the Bank’s governance structure, owners listed in the Company’s Shareholders Register,
the GMS is a forum for Shareholders to make decisions consisting of:
according to their respective ownership proportions a. Series A Dual-color Shares, which are special shares
regarding strategic matters or Company management. that can only be owned by the Republic of Indonesia;
b. Series B Shares, which are ordinary shares that can
be owned by the Republic of Indonesia and/or the
public.
Composition of Shareholders
As of December 31, 2023, the composition of BSI Shareholders is as follows:
Nominal Value Rp500 per Share
Description Percentage (%)
Number of Shares Nominal Value
BASIC CAPITAL 80,000,000,000 40,000,000,000,000
Series A Dwiwarna Shares
Republic of Indonesia 1 500 0.00
Series B Shares
PT Bank Mandiri (Persero) Tbk 23,740,608,436 11,870,304,218,000 51.47
PT Bank Negara Indonesia (Persero) Tbk 10,720,230,418 5,360,115,209,000 23.24
PT Bank Rakyat Indonesia (Persero) Tbk 7,092,761,655 3,546,380,827,500 15.38
Public 4,575,659,628 2,287,829,814,000 9.91
ISSUED AND PAID-UP CAPITAL 46,129,260,138 23,064,630,069,000 100
SHARES IN PORTEPEL 33,870,739,862 16,935,369,931,000
302 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Shareholders’ Rights 2. Other Rights:
a) Receiving dividends and the remaining assets
General Shareholders’ Rights from liquidation in accordance with applicable
Series A Dual-color Shareholders and Series B regulations.
Shareholders have the same rights, namely, each share b) Transferring share rights according to
grants 1 (one) voting right. applicable regulations and the Articles of
Association.
Unless otherwise specified in the Company’s Articles c) The opportunity to participate in the
of Association, both Series A Dual-color shareholders Company’s capital increase according to
and Series B shareholders have the same rights outside applicable regulations.
of the Special Rights of Series A Dual-color Shares, d) Receiving Company information that is
including the following: required to be disclosed and/or announced to
1. Shareholders’ Rights related to the GMS: the public by laws and regulations.
a) Requesting the convening of a GMS by 1 (one) e) Receiving equal treatment from BSI.
or more shareholders representing at least f) Exercising other rights and/or authorities
1/10 (one-tenth) of the total number of shares based on the BSI’s Articles of Association and
with voting rights. applicable laws and regulations.
b) Proposing agenda items for the GMS by 1 (one)
or more shareholders representing at least Special Rights of Series A Dual-color Shares
1/20 (one-twentieth) of the total number of Series A Dual-color Shareholders have special rights
shares with voting rights. that are exclusive and only held by the Republic of
c) Approving matters in the GMS, including: Indonesia, namely:
i. Appointment and dismissal of members 1. The right to approve matters in the GMS as follows:
of the Board of Commissioners, Board of a) Changes to the Company’s Articles of
Directors, and Sharia Supervisory Board of Association;
the Bank, b) Changes to capital;
ii. Approving proposals for changes to the c) Mergers, consolidations, separations; and
Bank’s Articles of Association while d) Dissolution and takeover of the Company by
considering the quorum requirements for another company.
decisions, 2. The right to establish the Company’s strategic
iii. Approving the annual performance guidelines organically and non-organically.
reports of the Bank’s Directors and the 3. Proposing agenda items for the GMS and agenda
supervision reports of the Bank’s Board of items for the GMS.
Commissioners, 4. Requesting and accessing Company data.
iv. Approving the remuneration of the
Bank’s Board of Commissioners, Board of According to BSI’s Articles of Association, the exercise
Directors, and Sharia Supervisory Board, of the special rights of Series A Dual-color Shareholders
v. Approving proposals for the allocation above can be delegated to the Majority Series B
of the Bank’s profits, including dividend Shareholders, except for the exercise of the special
distributions. rights for points 1.c) and 1.d), and shall be carried
d) Shareholders, either individually or out in accordance with applicable provisions and
represented by proxy, have the right to attend requirements.
the GMS and use their voting rights at the GMS
in proportion to the number of shares they Major Shareholder
own. According to BSI’s shareholder composition, the
e) Obtaining the publication of GMS materials majority of BSI’s shares are owned by PT Bank Mandiri
no later than 21 (twenty-one) days before the (Persero) Tbk (“Bank Mandiri”) with ownership of Series
GMS is held. B Shares amounting to 51.47% as of December 31,
f) Receiving explanations of the voting 2023. With this ownership, Bank Mandiri becomes the
procedures before the GMS begins. Major Shareholder and BSI’s Parent Company.
g) The opportunity to ask questions or express
relevant opinions on each agenda item As a subsidiary of Bank Mandiri, BSI is bound by
discussed at the GMS. and subject to the Corporate Charter on the Bank
Mandiri Financial Conglomeration, along with its
derivative guidelines governing all aspects of Financial
Conglomeration Member management.
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Performance Management Report Company Profile Management Discussion and Analysis
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GENERAL MEETING
OF SHAREHOLDERS
Controlling Shareholder The announcement must include at least:
Considering BSI’s establishment history as a result of the 1. Provisions regarding shareholders entitled to
merger of three Sharia banks owned by State-Owned attend RUPS;
Enterprises (SOEs) and with the Republic of Indonesia 2. Provisions regarding shareholders entitled to
entering as the holder of Series A Dual-color shares, the propose the meeting agenda;
Financial Services Authority (OJK) has designated the 3. The date of the RUPS;
Controlling Shareholder (“PSP”) of BSI as follows: 4. The date of the RUPS call; and
1. The Republic of Indonesia (represented by the 5. Information on the organization of RUPS due
Ministry of State-Owned Enterprises (SOEs)), as to shareholder or Board of Commissioners’
the holder of 1 (one) share of Series A Dual-color request (in case RUPS is held at the request of
shares; shareholders or the Board of Commissioners
2. PT Bank Mandiri (Persero) Tbk, as the holder of according to applicable regulations).
Series B shares with a ownership percentage of c. Call
51.47%; The call for RUPS to the Shareholders is made by BSI
3. PT Bank Negara Indonesia (Persero) Tbk, as no later than 21 (twenty-one) days before the date
the holder of Series B shares with a ownership of the event, excluding the date of the RUPS call and
percentage of 23.24%; and the date of the RUPS, through the BSI website, the
4. PT Bank Rakyat Indonesia (Persero) Tbk, as Indonesia Stock Exchange website, and eASY KSEI.
the holder of Series B shares with a ownership
percentage of 15.38%. The call must include at least:
1. The date of the RUPS;
PROCEDURE FOR CONDUCTING GMS 2. The time of the RUPS;
The implementation of RUPS refers, among others, to the 3. The place of the RUPS;
Financial Services Authority (OJK) Regulation No. 15/ 4. Provisions regarding shareholders entitled to
POJK.04/2020 regarding the Plan and Implementation attend RUPS;
of the General Meeting of Shareholders and the 5. The meeting agenda including explanations for
Company’s Articles of Association. This regulation each agenda item;
states that RUPS can be held upon the request of one 6. Information stating that materials related to the
or more shareholders together representing 1/10 (one- meeting agenda are available to shareholders
tenth) or more of the total shares with voting rights, from the date of the RUPS call until the RUPS is
unless the articles of association stipulate a smaller held; and
number. 7. Information that shareholders can provide
authorization through e-RUPS.
In accordance with this regulation, the procedures or d. Conducting RUPS
process for conducting RUPS include: 1. RUPS must be held in the territory of the
a. Notification Republic of Indonesia, namely:
The Board of Directors is obliged to submit a notice a) the Company’s registered office;
of the agenda of the meeting and a recorded letter b) the place where the Company conducts its
from the Shareholders to the OJK no later than main business activities;
5 (five) working days before the announcement c) the capital city of the province where
of RUPS, excluding the date of the RUPS the registered office or main business
announcement. activities of the Company are located;
b. Announcement d) the province where the Stock Exchange
The Board of Directors shall announce RUPS where the Company’s shares are listed is
to the Shareholders no later than 14 (fourteen) located.
days before the date of the RUPS call, excluding 2. RUPS is chaired by the Chairman of the Board
the RUPS announcement date and the RUPS call of Commissioners appointed by the Board of
date, through the BSI website, the Indonesia Stock Commissioners. If the Chairman of the Board of
Exchange website, and eASY KSEI. Commissioners is unable to attend, RUPS may
304 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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be chaired by another member of the Board 9. The procedure for e-Voting has been fully
of Commissioners appointed by the Board of disclosed in the RUPS Regulations announced/
Commissioners. uploaded on the Bank’s website simultaneously
3. In conducting RUPS, the Bank has appointed with the RUPS call.
Capital Market Supporting Institutions as 10. Other matters related to the procedures for
Independent Parties, namely the Securities conducting RUPS are carried out in accordance
Administration Bureau, which will verify with applicable laws and regulations, the
shareholder data and conduct vote counting, Company’s Articles of Association, and the
and Capital Market Supporting Professionals, RUPS Regulations.
namely the Capital Market Notary who records e. Summary of GMS Minutes and GMS Minutes
the course of the RUPS. 1. A summary of the GMS Minutes shall be made
4. During the RUPS, the RUPS Regulations must public no later than 2 (two) working days after
be provided to attending shareholders, and the the GMS is held.
main points of the RUPS Regulations must be 2. The information disclosed in the Summary of
read out before the RUPS begins. the GMS Minutes shall at least contain:
5. RUPS can begin if the Quorum Attendance a) Date, venue, time, and agenda of GMS
requirement is met according to applicable convention;
regulations and the Company’s Articles of b) Members of the Board of Directors and
Association. members of the Board of Commissioners
6. In conducting RUPS, every attending who are present at the GMS;
shareholder with valid voting rights has the c) The number of shares with valid voting
right to ask questions and/or express opinions rights present at the GMS and the
relevant to the agenda items in the RUPS percentage of the total number of shares
according to the RUPS regulations. with valid voting rights;
7. RUPS decisions are made according to the d) Whether or not shareholders are given
Decision Quorum for each agenda item as the opportunity to ask questions and/or
regulated in laws and regulations and the provide opinions on the meeting agenda;
Company’s Articles of Association, which are e) The number of shareholders who ask
carried out through electronic voting (e-Voting) questions and/or provide opinions on the
mechanisms. Voting and vote counting are meeting agenda, if shareholders are given
conducted electronically. the opportunity to do so;
8. The e-Voting mechanism is conducted in f) GMS decision making mechanism;
a closed manner. For shareholders and/or g) Voting results which include the number of
their proxies attending in person, voting is votes agreeing, disagreeing and abstaining
conducted individually and electronically for each meeting agenda item, if the
(“e-Voting”) at the RUPS venue (“e-Voting at the decision is made by voting;
Meeting Venue”) using Smartphones or other h) GMS Decision; And
Mobile Devices (tablets, etc.) or Touchscreen i) Implementation of cash dividend payments
Monitors provided by the Bank, ensuring to entitled shareholders, if the GMS makes
the confidentiality of shareholder votes. For decision to distribute cash dividends.
shareholders and/or their proxies attending 3. The minutes of the GMS shall be submitted to
electronically, e-Voting processes can be the OJK no later than 30 (thirty) days after the
carried out through eASY.KSEI. Meanwhile, GMS is held.
for shareholders who provide proxies through
the e-Proxy mechanism, it is considered that
they have exercised their voting rights through
eASY.KSEI and are not allowed to conduct
e-Voting at the Meeting Venue.
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GENERAL MEETING
OF SHAREHOLDERS
IMPLEMENTATION OF THE 2023 AGMS & ITS REALIZATION
In 2023, the Bank held one AGMS, namely the Annual AGMS for the 2022 Fiscal Year on May 22, 2023.
Annual AGMS for the 2022 Fiscal Year
May 22, 2023.
Implementation Stages
Process Realization Date Description
Announcement April 5, 2023 Submitted to OJK via letter No.03/609-3/DIR-CSG dated April 5, 2023
regarding Submission of the Agenda for the Annual General Meeting of
Shareholders (AGMS) of PT Bank Syariah Indonesia Tbk.
Announcement April 13, 2023 • The AGMS announcement was submitted via the Company’s website, the
Indonesian Stock Exchange website and the KSEI website.
• Proof of the announcement was submitted to the Indonesian Stock
Exchange and OJK via letter No.03/374-3/CSG dated April13, 2023
concerning the Announcement and Proof of Announcement of the Annual
General Meeting of Shareholders (AGMS) of PT Bank Syariah Indonesia Tbk.
Summoning April 28, 2023 • The invitation for the AGMS was submitted via the Company’s website, the
Indonesian Stock Exchange website and the KSEI website.
• Proof of invitation was submitted to the OJK and the Stock Exchange via
letter No. 03/437-3/CSG dated May 2, 2023 concerning Submission of
Proof of Advertisement for the GMS Invitation.
Convention Date May 22, 2023 -
Summary of Minutes May 31, 2023 A summary of the minutes of the AGMS was submitted via the Company’s
website, the Indonesian Stock Exchange website, and the KSEI website on May
24, 2022, via letter No. 03/473-3/CSG dated May 24, 2023, concerning the
Submission of the Summary Report on the Minutes of the Annual GMS (AGMS)
of PT Bank Syariah Indonesia Tbk.
(Letter to the OJK Sharia Banking Department (DPBS) No. 03/890-3/DIR-
CSG dated May 26, 2023 concerning Information on the Results of the Annual
General Meeting of Shareholders of PT Bank Syariah Indonesia Tbk for the
2022 Financial Year).
Minutes Deed May 22, 2023 Deed of Minutes of the Annual General Meeting of Shareholders of PT Bank
Syariah Indonesia Tbk No 45 dated May 22, 2023.
Submission of June 16, 2023 Submission of the AGMS Minutes was submitted to OJK in the form of letter
Minutes No. 03/558-3/CSG dated June 16, 2023 concerning Submission of the Minutes
of the Annual General Meeting of Shareholders of PT Bank Syariah Indonesia
Tbk for the 2022 Financial Year.
(Letter to DPBS OJK No. 03/975-3/DIR-CSG dated June 16, 2023 concerning
Submission of Minutes of the Annual General Meeting of Shareholders of PT
Bank Syariah Indonesia Tbk for Financial Year 2022).
Agenda management and supervision of the Company
The Agenda discussed in the Annual GMS for the which had been carried out during the financial
Financial Year 2022 is as follows: year ended December 31, 2022, as long as these
1. Approval of the Annual Report and Supervisory activities are reflected in the Annual Report.
Duties Report of the Board of Commissioners as 2. Approval of the use of the Company’s net profit for
well as Ratification of the Company’s Financial the financial year ended December 31, 2022.
Report for the financial year ended December 31, 3. Approval of the appointment of a Public Accounting
2022 including granting full release and discharge Firm and Public Accountant to audit the Company’s
of responsibility (volledig acquit et de charge) to Financial Statements for the financial year ended
all members of the Company’s Board of Directors December 31, 2023 and the determination of fees/
and Board of Commissioners pertaining to the honorarium.
306 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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4. Determination of tantiem for members of the Sharia Supervisory Board
Company’s Boards of Directors and Commissioners Dr. K.H. Hasanudin, M.Ag Chairman
and bonuses for members of the Company’s
Dr.K.H. Mohamad Member
Sharia Supervisory Board for the financial year Hidayat, MBA, MH.
ended December 31, 2022, and determination of
Dr. H. Oni Sahroni, MA Member
salaries for members of the Board of Directors
Prof. Dr. K.H. Didin Member
and honorarium for members of the Board of
Hafidhuddin, M.Sc
Commissioners and Sharia Supervisory Board,
including provision of facilities and benefits and/or
other allowances for the 2023 financial year. Shareholders Attendance
5. Report on the Realization of the Use of Funds from The meeting was attended by 43,786,045,295 shares
Additional Capital by Providing Pre-emptive Rights with valid voting rights, or 94.9203266% of all shares
I (“PMHMETD I”) in 2022. with valid voting rights issued by the Company.
6. Approval of the Company’s Recovery Plan.
7. Approval of Changes in Company Management. Meeting Decision Making Mechanism
Decisions in meetings shall be made by deliberation
List of GMS Participants to reach consensus. In cases where deliberation for
Present at the Annual GMS held on May 22, 2023 were: consensus is not reached, then the decisions shall be
made through voting. No decision was made on the
Board of Directors agenda of the Fifth Meeting since it was a report that
Hery Gunardi President Director needed no decision.
Bob Tyasika Ananta Vice President Director
Opportunity to Deliver Questions or Opinions
Ngatari Director of Retail Banking
In the Meeting, the Shareholders or their Proxies are
Achmad Syafii Director of Information given the opportunity to submit questions or opinions
Technology
related to the agenda of the meeting.
Ade Cahyo Nugroho Director of Finance & Strategy
Anton Sukarna Director of Sales & Distribution First Meeting Agenda : There was 1 opinion
Tribuana Tunggadewi Director of Compliance & Second Meeting Agenda : There was 1 opinion
Human Capital
Tiwul Widyastuti Director of Risk Management
In the third to seventh meeting agenda items there were
Zaidan Novari Director of Wholesale
Transaction Banking no questions and/or opinions.
Moh. Adib Director of Treasury &
International Banking Independent Party in Vote Counting
BSI used the services of independent parties, namely
Notary Ashoya Ratam, S.H., M.Kn, and PT Datindo
Board of Commissioners Entrycom, to calculate and/or validate votes. Electronic
Adiwarman Azwar Karim President Commissioner voting is carried out through the KSEI eASY system,
and also an Independent facilitated by PT Kustodian Sentral Efek Indonesia.
Commissioner
Komaruddin Hidayat Independent Commissioner
Mohamad Nasir Independent Commissioner
M. Arief Rosyid Hasan Independent Commissioner
Suyanto Commissioner
Masduki Baidlowi Commissioner
Imam Budi Sarjito Commissioner
Sutanto Commissioner
Nizar Ali* Commissioner
*) Effective upon obtaining approval from the Financial Services
Authority for the fit and proper test
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GENERAL MEETING
OF SHAREHOLDERS
Agenda, Decision, and Realization
No. Agenda Decision Realization
1. Approval of the Annual Report and a. Approved the Company’s Annual Report, including the Board of Has been realized
Supervisory Duties Report of the Commissioners’ Supervisory Duties Report for the financial year
Board of Commissioners as well ended December 31, 2022, and ratified the Company’s Financial
as Ratification of the Company’s Report for the financial year ended December 31, 2022, which had
Financial Report for the financial been audited by the Tanudiredja, Wibisana, Rintis & Rekan Public
year ended December 31, 2022, Accounting Firm (a member firm of the PwC global network),
including granting full release and according to Report No. 00026/2.1025/AU.1/07/0222-2/1/I/2023
discharge of responsibility (volledig dated January 30, 2023 with a qualified opinion in all material
acquit et de charge) to all members respects.
of the Company’s Board of Directors b. With the approval of the Company’s Annual Report, including the
and Board of Commissioners Supervisory Duties Report of the Company’s Board of Commissioners
pertaining to the management and for the financial year ended December 31, 2022 and the ratification
supervision of the Company that of the Company’s Financial Report for the financial year ended
had been carried out during the December 31, 2022, the GMS provided full release and discharge
financial year ended December 31, of responsibility ( volledig acquit et de charge) to all members of the
2022, as long as these activities are Board of Directors for their management actions of the Company
reflected in the Annual Report. and the Board of Commissioners for their supervisory actions of
the Company which had been carried out during the financial year
ended December 31, 2022, as long as these actions do not constitute
criminal acts and have been reflected in the reports.
Voting Results:
Agreed Abstain Disagreed Total Agreed*)
43,674,736,431 votes or 56,022,255 votes or 55,286,609 votes or 43,730,758,686 votes or
99.7457892% of all shares with 0.1279455% of all shares with 0.1262654% of all shares with 99.8737346% of all shares with
voting rights present at the voting rights present at the voting rights present at the voting rights present at the
meeting. meeting. meeting. meeting.
*) In accordance with the Company’s Articles of Association and POJK 15/2020, an abstain vote is considered to be the same vote as the majority of shareholders
voting
Question/Opinion : In relation to the recent event of cyber attack, risk management should be significantly improved. Management
should ensure that no such attack will ever happen again.
Response : There is no response.
2. Approval of the use of the a. Approved and determined the use of the Company’s net profit for the Has been realized
Company’s net profit for the 2022 financial year to the amount of Rp4,260,181,677,875,- (four
financial year ended December 31, trillion two hundred sixty billion one hundred eighty one million six
2022. hundred seventy seven thousand eight hundred seventy five Rupiah),
as follows:
1. 20.0% of the Company’s Net Profit or Rp852,036,335,575,-
(eight hundred fifty-two billion thirty-six million three hundred
thirty-five thousand five hundred and seventy-five Rupiah) was
set aside as the Company’s mandatory reserves.
2. 10.0% of the Company’s Net Profit or at least Rp426,018,167,788,-
(four hundred twenty-six billion eighteen million one hundred
sixty-seven thousand seven hundred and eighty-eight Rupiah)
was set aside for Dividends.
3. A total of 70.0% of the Company’s Net Profit or
Rp2,982,127,174,512,- (two trillion nine hundred eighty two
billion one hundred twenty seven million one hundred seventy
four thousand five hundred and twelve Rupiah) was posted as the
Company’s retained earnings .
b. Delegated authority and power to the Board of Directors to regulate
the above procedures for allocating the Company’s net profit in
accordance with applicable laws and regulations.
308 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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No. Agenda Decision Realization
Voting Results:
Agreed Abstain Disagreed Total Agreed*)
43,730,252,213 votes or 55,759,725 votes or 33,357 votes or 0.0000762% 43,786,011,938 votes or
99.8725779% of all shares with 0.1273459% of all shares with of all shares with voting rights 99.9999238% of all shares with
voting rights present at the voting rights present at the present at the meeting. voting rights present at the
meeting. meeting. meeting.
*) In accordance with the Company’s Articles of Association and POJK 15/2020, an Abstain vote is considered to be the same vote as the majority of shareholders
voting
Question/Opinion : The use of the company’s net profit for the procurement of computer hardware and legal software as well as
decentralized networks and the most important thing is the security of the company’s data, at least it is safe from
attacks by hackers or unimportant parties.
Response : There is no response.
3. Approval of the appointment of a 1. Appointed the Public Accounting Firm Tanudiredja, Wibisana, Rintis Has been realized
Public Accounting Firm and Public & Partners (a member firm of the PwC global network) and Public
Accountant to audit the Company’s Accountant M. Jusuf Wibisana, to audit the Company’s Financial
Financial Statements for the Report for the financial year ended December 31, 2023.
financial year ended December 31, 2. Delegated authority and power to the Board of Commissioners to
2023 and the determination of fees/ determine the honorarium and other requirements for the Public
honorarium. Accounting Firm and Public Accountants, as well as appoint a
replacement Public Accounting Firm and/or Public Accountant in
the case of the Tanudiredja, Wibisana, Rintis & Rekan (a member
firm of the PwC global network) Public Accounting Firm and/or
Public Accountant M. Jusuf Wibisana, for whatever reason fail to
complete the audit process of the Company’s Financial Statements
for the financial year ended 31 December 2023. If there is a change
in Public Accounting Firm and/or Public Accountant, the Board of
Commissioners shall provide a report to Shareholders.
Voting Results:
Agreed Abstain Disagreed Total Agreed*)
43,730,285,561 votes or 55,759,725 votes or 9 votes or 0.0000000% of all 43,786,045,286 votes or
99.8726541% of all shares with 0.1273459% of all shares with shares with voting rights present 100,0000000% of all shares
voting rights present at the voting rights present at the at the meeting. with voting rights present at the
meeting. meeting. meeting.
*) In accordance with the Company’s Articles of Association and POJK 15/2020, an abstain vote is considered to be the same vote as the majority of shareholders
voting
Question/Opinion : There were no questions or opinions.
Response : There is no response.
4. Determination of tantiem for Delegated authority and power to the Board of Commissioners after Has been realized
members of the Company’s Boards approval from the largest number of Series B Controlling Shareholders
of Directors and Commissioners and being known by other Controlling Shareholders to determine:
and bonuses for members of the 1. Bonuses for the performance of members of the Board of Directors
Company’s Sharia Supervisory and Board of Commissioners, as well as bonuses for the performance
Board for the financial year of members of the Sharia Supervisory Board for the financial year
ended December 31, 2022, and ended December 31, 2022.
determination of salaries for 2. Salaries for members of the Board of Directors and honorarium for
members of the Board of Directors the Board of Commissioners and provision of facilities, benefits and/
and honorarium for members of or other allowances for the 2023 financial year.
the Board of Commissioners and 3. Honorarium and/or allowances for members of the Sharia
Sharia Supervisory Board, including Supervisory Board for the 2023 financial year.
provision of facilities and benefits
and/or other allowances for the
2023 financial year.
Voting Results:
Agreed Abstain Disagreed Total Agreed*)
43,337,078,325 votes or 55,765,961 votes or 393,201,009 votes or 43,392,844,286 votes or
98.9746346% of all shares with 0.1273601% of all shares with 0.8980053% of all shares with 99.1019947% of all shares with
voting rights present at the voting rights present at the voting rights present at the voting rights present at the
meeting. meeting. meeting. meeting.
*) In accordance with the Company’s Articles of Association and POJK 15/2020, an abstain vote is considered to be the same vote as the majority of shareholders
voting
Question/Opinion : There were no questions or opinions.
Response : There is no response.
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GENERAL MEETING
OF SHAREHOLDERS
No. Agenda Decision Realization
5. Report on the Realization of the Use This agenda item constitutes a report. Therefore, the Company did not -
of Funds from Additional Capital vote to make decisions at the Meeting.
by Providing Pre-emptive Rights I
(“PMHMETD I”) in 2022.
6. Approval of the Company’s Approved the Company’s Recovery Plan in order to comply with the Has been realized
Recovery Plan. provisions of POJK No. 14/POJK.03/2017 concerning Recovery Plan for
Systemic Banks.
Voting Results:
Agreed Abstain Disagreed Total Agreed*)
43,730,251,914 votes or 55,759,725 votes or 33,656 votes or 0.0000769% 43,789,011,639 votes or
99.8725773% of all shares with 0.1273459% of all shares with of all shares with voting rights 99.9999231% of all shares with
voting rights present at the voting rights present at the present at the meeting. voting rights present at the
meeting. meeting. meeting.
*) In accordance with the Company’s Articles of Association and POJK 15/2020, an Abstain vote is considered to be the same vote as the majority of shareholders
voting
Question/Opinion : There were no questions or opinions.
Response : There is no response.
7. Approval of Changes in Company a. Dismissed with honor: Has been realized
Management. 1) Mr. Achmad Syafii as Director of Information Technology;
2) Ms. Tiwul Widyastuti as Director of Risk Management;
3) Mr. Nizar Ali as Commissioner;
effective on the closing date of the 2022 Annual GMS with thanks
for the contribution of energy & thoughts given while serving as
a member of the Board of Directors and Board of Commissioners
of the Company.
b. Transfer of assignment of Adiwarman Azwar Karim from previously
President Commissioner and Independent Commissioner, who was
appointed based on the decision of the Extraordinary GMS in 2021,
to Vice President Commissioner and Independent Commissioner
with a term of office continuing the remaining term of office in
accordance with the decision of the relevant GMS for appointment.
c. Appointed:
1) Mr. Saladin D. Effendi as Director of Information Technology;
2) Mr. Grandhis as Director of Risk Management;
3) Mr. Muliaman D. Hadad as President Commissioner and
Independent Commissioner;
4) Mr. Abu Rokhmad as Commissioner;
Effective on the closing date of the Annual GMS for the 2022
Financial Year and will end at the closing of the third Annual GMS
since his appointment, which will be held in 2026, but without
reducing the right of the GMS to dismiss him at any time in
accordance with the Company’s Articles of Association.
The appointment above is effective upon obtaining approval from the
Financial Services Authority for the fit and proper test.
d. Delegated authority and power to the Company’s Directors to follow
up on Meeting decisions regarding reporting to regulators and other
related agencies.
Effective the closing date of the Annual GMS for the 2022 financial
year, the composition of the Company’s management is follows:
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No. Agenda Decision Realization
Board of Commissioners
President Commissioner and also Muliaman D. Hadad*)
Independent Commissioner
Vice President Commissioner and also Adiwarman Azwar Karim
Independent Commissioner
Commissioner Suyanto
Commissioner Masduki Baidlowi
Commissioner Imam Budi Sarjito
Commissioner Sutanto
Independent Commissioner M. Arief Rosyid Hasan
Independent Commissioner Komaruddin Hidayat
Independent Commissioner Mohamad Nasir
Commissioner Abu Rokhmad*)
Board of Directors
President Director Hery Gunardi
Vice President Director Bob Tyasika Ananta
Retail Banking Director Ngatari
Director of Finance & Strategy Ade Cahyo Nugroho
Sales & Distribution Director Anton Sukarna
Director of Compliance & Human Tribuana Tunggadewi
Capital
Director of Wholesale Transaction Zaidan Novari
Banking
Director of Treasury & International Moh. Adib
Banking
Director of Information Technology Saladin D. Effendi*)
Director of Risk Management Grandhis Helmi
Harumansyah*)
*) The appointment is effective upon obtaining approval from the Financial
Services Authority for the fit and proper test
Voting Results:
Agreed Abstain Disagreed Total Agreed*)
42,235,569,738 votes or 58,265,601 votes or 1,492,209,956 votes or 42,293,835,339 votes or
96.4589733% of all shares with 0.1330689% of all shares with 3.4079578% of all shares with 96.5920422% of all shares with
voting rights present at the voting rights present at the voting rights present at the voting rights present at the
meeting. meeting. meeting. meeting.
*) In accordance with the Company’s Articles of Association and POJK 15/2020, an abstain vote is considered to be the same vote as the majority of shareholders
voting
Question/Opinion : There were no questions or opinions.
Response : There is no response.
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GENERAL MEETING
OF SHAREHOLDERS
IMPLEMENTATION OF PREVIOUS YEAR’S GMS & ITS REALIZATION
In 2022, the Bank convened 2 (two) GMS, namely the Annual GMS on May 27, 2022 and the EGMS on September 23,
2022. The following are the details of convention.
Annual GMS for Financial Year 2021
May 27, 2022.
Independent Parties in Vote Counting
BSI uses independent parties, namely Notary Jose Dima, S.H., M.Kn and PT Datindo Entrycom in conducting vote
counting and validation. Electronic voting is conducted through the KSEI eASY system provided by PT Kustodian
Sentral Efek Indonesia.
Agenda, Decision, and Realization
No. Agenda Decision Realization
1. Approval of the Annual Report and 1. Approved the Company’s Annual Report including the Supervisory Has been realized
Supervisory Duties Report of the Duties Report of the Company’s Board of Commissioners for the
Board of Commissioners as well financial year ended December 31, 2021 and ratified the Company’s
as Ratification of the Company’s Financial Report for the financial year ended December 31, 2021
Financial Report for the financial which had been audited by the Tanudiredja, Wibisana, Rintis Public
year ended December 31, 2021 Accounting Firm & Partners (a member firm of PwC Global Network),
including providing full release with the opinion “present fairly, in all material respects” as stated in
and discharge of responsibility report No. 00014/2.1025/Au.1/07/0222-1/1/I/2022 dated January
(volledig acquit et de charge) to all 19, 2022.
members of the Board of Directors 2. Accepted the Accountability Report on the Realization of Use of
and members of the Board of Funds from the Company’s Initial Public Offering (IPO) ended on
Commissioners of the Company December 31, 2021.
pertaining to the management and 3. Upon approval of the Company’s Annual Report including the
supervision of the Company which Supervisory Duties Report of the Company’s Board of Commissioners
had been carried out during the for the financial year ended December 31, 2021 and ratification
financial year ended on December of the Company’s Financial Report for the financial year ended
31, 2021, as long as these activities December 31, 2021, the Meeting provided full release and discharge
are reflected in the Annual Report, of responsibility ( volledig acquit et de charge) for all members of the
including the submission of an Board of Directors and members of the Board of Commissioners
Accountability Report on the pertaining to the management and supervision of the Company that
Realization of Use of Proceeds had been carried out, during the financial year ended December 31,
from the Company’s Initial Public 2021, as long as the actions do not constitute a criminal act and are
Offering (IPO) which ended on reflected in the Annual Report and Financial Reports for the financial
December 31, 2021. year ended December 31, 2021.
4. Full release and repayment of responsibility (volledig acquit et de
charge) was also given to:
a. Mr. Mulya Siregar who served as President Commissioner and
Independent Commissioner of the Company from February 1,
2021 to August 24, 2021;
b. Mr. Eko Suwardi as Independent Commissioner of the Company
from February 1, 2021 to August 24, 2021;
c. All Directors and Board of Commissioners of the three legacy
banks, namely PT Bank BRIsyariah, Tbk (“BRIS”), PT Bank Syariah
Mandiri (“BSM”), and PT Bank BNI Syariah (“BNIS”) for the period
of service prior to the effectiveness of the merger, starting from
January 1, 2021 to January 31, 2021.
Voting Results:
Agreed Abstain Disagreed
39,105,821,260 votes or 99.9994303% of 148,200 votes or 0.0003790% of all shares 74,600 votes or 0.0001908% of all shares
all shares with voting rights present at the with voting rights present at the meeting. with voting rights present at the meeting.
meeting.
Question/Opinion : There were no questions or opinions.
Response : There is no response.
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No. Agenda Decision Realization
2. Approval of the use of the 1. Approved and determined the use of the Company’s net profit for the Has been realized
Company’s net profit for the 2021 financial year to the amount of Rp3,028,204,859,899,- (Three
financial year ended December 31, trillion twenty eight billion two hundred four million eight hundred
2021. fifty nine thousand eight hundred and ninety nine Rupiah), as follows:
a. 20% of the Company’s Net Profit or Rp605,640,971,980,- (Six
hundred five billion six hundred forty million nine hundred
seventy one thousand nine hundred and eighty Rupiah), was set
aside as the Company’s Mandatory Reserves.
b. 25% of the Company’s Net Profit or Rp757,051,214,975,- (Seven
hundred fifty-seven billion fifty-one million two hundred and
fourteen thousand nine hundred and seventy-five rupiah) was
designated as Dividends.
c. The remaining 55% of the Company’s Net Profit or
Rp1,665,512,672,944,- (One trillion six hundred sixty-five
billion five hundred twelve million six hundred seventy-two
thousand nine hundred and forty-four Rupiah), was posted as the
Company’s Retained Earning.
2. Delegated authority and power to the Board of Directors to arrange
the above procedures for allocating the Company’s net profit in
accordance with applicable laws and regulations.
Voting Results:
Agreed Abstain Disagreed
39,094,560,060 votes or 99.9706337% of 148,200 votes or 0.0003790% of all shares 11,335,800 votes or 0.0289873% of all
all shares with voting rights present at the with voting rights present at the meeting. shares with voting rights present at the
meeting. meeting.
Question/Opinion : Please use it for expansion entirely and do not distribute it as dividends
Response : Thank you to Mr. HISAR JOEL MUNTE, in principle for the expansion of the company has been taken into account,
this can be fulfilled including from the proposed allocation of retained earnings, and as additional information, the
last 2 (two) years, BSI or BRI Syariah shares have not distributed dividends and this is a good momentum where the
bank’s performance is getting better and more stable” so it is proposed to start distributing dividends.
3. Approval of the appointment of a 1. To appoint Public Accounting Firm Tanudiredja, Wibisana, Rintis Has been realized
Public Accounting Firm and Public & Rekan (a member firm of PwC Global Network) and Public
Accountant to audit the Company’s Accountant M. Jusuf Wibisana to audit the Company’s Financial
Financial Statements for the Statements for the fiscal year ending December 31, 2022.
financial year ended December 31, 2. Delegated authority and power to the Board of Commissioners
2022 and the determination of fees/ to determine the honorarium and other requirements for the
honorarium. Public Accounting Firm and Public Accountants, as well as appoint
a replacement Public Accounting Firm and/or Accounting Firm
Tanudiredja, Wibisana, Rintis & Rekan (member firm of PwC global
network) and/or Public Accountant M. Jusuf Wibisana, for whatever
reason fail to complete the audit process of the Company’s Financial
Statements for the financial year ended December 31, 2022. The
Board of Commissioners shall report any change in Public Accounting
Firm and/or Public Accountant, to Shareholders.
Voting Results:
Agreed Abstain Disagreed
39,087,755,490 votes or 99.9532334% of 113,800 votes or 0.0002910% of all shares 18,174,770 votes or 0.0464756% of all
all shares with voting rights present at the with voting rights present at the meeting. shares with voting rights present at the
meeting. meeting.
4. Determination of bonuses for Delegated authority and power to the Board of Commissioners after Has been realized
members of the Company’s approval from the Majority Controlling Shareholder and made known to
Board of Directors and Board of other Controlling Shareholders to determine:
Commissioners, as well as bonuses 1. Bonuses for the performance of members of the Board of Directors
for members of the Company’s and Board of Commissioners, as well as bonuses for the performance
Sharia Supervisory Board for the of members of the Sharia Supervisory Board for the financial year
financial year ended December ended December 31, 2021.
31, 2021, and determination of 2. Salaries for members of the Board of Directors and honorarium for
salaries for members of the Board the Board of Commissioners and provision of facilities, benefits and/
of Directors and honorarium or other allowances for the 2022 financial year.
for members of the Board of 3. Honorarium and/or allowances for members of the Sharia
Commissioners and Sharia Supervisory Board for the 2022 financial year.
Supervisory Board, including the
provision of facilities, benefits and/
or other allowances for the 2022
financial year.
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GENERAL MEETING
OF SHAREHOLDERS
No. Agenda Decision Realization
Voting Results:
Agreed Abstain Disagreed
39,095,847,276 votes or 99.9739253% of 209,100 votes or 0.0005347% of all shares 9,987,684 votes or 0.0255400% of all
all shares with voting rights present at the with voting rights present at the meeting. shares with voting rights present at the
meeting. meeting.
Question/Opinion : There were no questions or opinions.
Response : There is no response.
5. Approval of changes to the 1. Dismissed with honor: Has been realized
composition of BSI management a. Mr. Abdullah Firman Wibowo as Vice President Director 2 of the
and/or supervisors. Company
b. Mr. Kusman Yandi as Director of Wholesale Transaction Banking
of the Company, and
c. Mr. Kokok Alun Akbar as Director of Retail Banking of the
Company
effective on the closing date of the 2021 Annual GMS with
thanks for the contribution of energy and thoughts contributed
while they were in office as members of the Company’s Board of
Directors.
2. Dismissed with honor Mr. Bangun S. Kusmuljono as the Company’s
Independent Commissioner
effective on the closing date of the 2021 Annual GMS with thanks for
the contribution of energy and thoughts contributed while he was in
office as a member of the Company’s Board of Commissioners.
3. Changed the nomenclature of positions for members of the
Company’s Board of Directors as follows:
a. From previously Vice President Director 1 and Vice President
Director 2 to now Vice President Directors.
b. Added 1 nomenclature of positions for members of the Board of
Directors, namely Director of Treasury & International Banking.
4. Transfer of assignment for Mr Ngatari from previously Vice President
Director 1 who was appointed based on the 2020 Extraordinary GMS
Decision, now as Director of Retail Banking with the remaining term
of office continuing in accordance with the relevant GMS Decision on
the appointment.
5. Appointed:
a. Mr. Bob Tyasika Ananta as Vice President Director of the
Company.
b. Mr. Zaidan Novari as Director of Wholesale Transaction Banking
of the Company, and
c. Mr. Moh. Adib as Director of Treasury & International Banking of
the Company
Effective on the closing date of the Annual GMS for the 2021
Financial Year and until the closing of the third Annual GMS since
his appointment, which will be held in 2025, but without prejudice
to the GMS’s right to dismiss him at any time in accordance with
the Company’s Articles of Association.
The above appointment is effective upon obtaining approval from
the Financial Services Authority for the fit and proper test.
6. Appointed:
a. Mr. Mohamad Nasir as Independent Commissioner of the
Company, and
b. Mr. Nizar Ali as Commissioner of the Company,
Effective on the closing date of the Annual GMS for the 2021
Financial Year until the closing of the third Annual GMS since his
appointment, which will be held in 2025, but without prejudice to
the GMS’s right to dismiss them at any time in accordance with
the Company’s Articles of Association.
The above appointment was effective upon obtaining approval
from the Financial Services Authority for the fit and proper test.
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No. Agenda Decision Realization
7. Delegated authority and power to the Company’s Directors to follow
up on Meeting decisions regarding reporting to regulators and other
related agencies.
Effective on the closing date of the 2021 Annual GMS, the composition of
the Company’s management is as follows:
Board of Commissioners
President Commissioner and Adiwarman Azwar Karim
Independent Commissioner
Vice President Commissioner and Muhammad Zainul Majdi
Independent Commissioner
Commissioner Suyanto
Commissioner Masduki Baidlowi
Commissioner Imam Budi Sarjito
Commissioner Sutanto
Independent Commissioner M. Arief Rosyid Hasan
Independent Commissioner Komaruddin Hidayat
Independent Commissioner Mohamad Nasir
Commissioner Nizar Ali*)
Board of Directors
President Director Hery Gunardi
Vice President Director Bob Tyasika Ananta*)
Director of Retail Banking Ngatari
Director of Information Technology Achmad Syafii
Director of Finance & Strategy Ade Cahyo Nugroho
Director of Sales & Distribution Anton Sukarna
Director of Compliance & Human Tribuana Tunggadewi
Capital
Director of Risk Management Tiwul Widyastuti
Director of Wholesale Transaction Zaidan Novari*)
Banking
Director of Treasury & International Moh. Adib*)
Banking
*) The above appointment was effective upon obtaining approval from the
Financial Services Authority for the fit and proper test
Voting Results:
Agreed Abstain Disagreed
38,926,690,610 votes or 99.5413664% of 251,700 votes or 0.0006436% of all shares 179,101,750 votes or 0.4579899% of all
all shares with voting rights present at the with voting rights present at the meeting. shares with voting rights present at the
meeting. meeting.
Question/Opinion : There were no questions or opinions.
Response : There is no response.
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GENERAL MEETING
OF SHAREHOLDERS
No. Agenda Decision Realization
6. Approval of Amendments to the 1. Approved changes to the Company’s Articles of Association Has been realized
Company’s Articles of Association. pertaining to:
a. The implementation of share classification in the Company into
Series A Dwiwarna Shares which are shares with special rights
and Series B Shares which are ordinary shares under the name;
b. Reclassification of 1 (one) share owned by the Republic of
Indonesia in the Company into 1 (one) Series A Dwiwarna Share
and all shares owned by other shareholders into Series B Shares,
with details as shown at the Meeting. (Article 4 paragraph 1,
Article 4 paragraph 2, Article 4 paragraph (7) letter i, Article 4
paragraph (10), Article 5 paragraph (1), Article 5 paragraph (2),
Article 5 paragraph (3), Article 5 paragraph (4) point (a) (b) (c) (d)
(e), Article 5 paragraph (4) as amended as paragraph (5), Article
10 paragraph (8), Article 11 paragraph (4) point (a) (b), Article 14
paragraph (8) point (b), Article 16 paragraph (2) point (b) (c) (e) (f),
Article 22, paragraph (2) point (b)).
2. Agreed to amend the articles of the Company’s Articles of Association
related to decision point 1 above, and therefore to re-arrange all
provisions in the Company’s Articles of Association.
3. Delegated power and authority to the Board of Directors with the
right of substitution to carry out all necessary actions pertaining
to the decisions on the 6th agenda of the Company’s Annual GMS,
including drafting and restating the Company’s entire Articles of
Association in a Notarial Deed and submitting it to the authorized
office to obtain approval and/or sign. receiving notification of changes
to the Company’s Articles of Association, taking all necessary actions
these purposes with nothing being excluded, including making
additions and/or changes to the Company’s Articles of Association
whenever required by an authorized office.
Voting Results:
Agreed Abstain Disagreed
38,928,377,924 votes or 99.5456811% of 245,500 votes or 0.0006278% of all shares 177,420,636 votes or 0.4536911% of all
all shares with voting rights present at the with voting rights present at the meeting. shares with voting rights present at the
meeting. meeting.
Question/Opinion : There were no questions or opinions.
Response : There is no response.
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Extraordinary GMS
September 23, 2022.
Independent Party in Vote Counting
BSI used the services of independent parties, namely Notary Jose Dima, S.H., M.Kn and PT Datindo Entrycom in
calculating and/or validating votes. Electronic voting was conducted through the KSEI eASY system facilitated by the
Indonesian Central Custodian Bureau.
Agenda, Decision and Realization
No. Agenda Decision Realization
1. Approval of proposed plan to 1. Approved the proposed plan to increase the Company’s issued Has been realized
increase capital by granting pre- and paid-up capital through the Capital Increase mechanism by
emptive rights I (“PMHMETD I”) to Granting Pre-emptive Rights I (“PMHMETD I”), by issuing new shares
the Company. of a maximum of 6,000,000,000 (Six billion) series B shares with
nominal value of Rp500,- (Five hundred Rupiah) per share with due
consideration on the applicable laws and regulations.
2. Approved the proposed changes to Article 4 paragraph (2) of
the Company’s Articles of Association pertaining to the increase
in the Company’s issued and paid-up capital as a result of the
implementation of PMHMETD I.
3. Approved the delegation of authority to the Company’s Board of
Commissioners to take all necessary actions related to PMHMETD I,
to:
a. Approved the determination of the certainty of the number of
new shares to be issued in PMHMETD I and the exercise price
of the HMETD as proposed by the Company’s Directors with
due consideration on all regulatory provisions including capital
market regulations.
b. Stated the realization of the actual number of shares that have
been issued pertaining to the increase in issued and paid-up
capital after PMHMETD I implementation has been completed.
Further, submit notification of changes to Article 4 paragraph
(2) of the Company’s Articles of Association to the Indonesian
Minister of Law and Human Rights to obtain a Letter of
Acceptance of Notification of Changes to the Company’s Articles
of Association, as well as making all the necessary changes and/or
additions with regards to this purpose.
4. Approved the delegation of power and authority to the Company’s
Board of Directors with substitution rights to take all the necessary
actions pertaining to PMHMETD I, to:
a. Sign the registration statement to be submitted to the OJK.
b. Negotiate and sign other relevant agreements, including
agreements to standby purchase agreements (if any) with terms
and conditions deemed acceptable for the Company by the
Company’s Board of Directors.
c. Sign, print and/or publish the Abridged Prospectus, Amendments
and/or Supplements to the Abridged Prospectus, Initial
Prospectus, Prospectus, Info Memo and/or all agreements and/or
documents required pertaining to the PMHMETD I.
d. Determine the implementation price for PMHMETD I after
approval from the Board of Commissioners.
e. Determine the certainty of the number of shares issued after
approval from the Board of Commissioners.
f. Determine the date of List of Shareholders entitled to HMETD.
g. Determine the ratio of shareholders entitled to HMETD.
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GENERAL MEETING
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No. Agenda Decision Realization
h. Determine and ensure the allocation of proceeds from
PMHMETD I results.
i. Determine the schedule for the execution of PMHMETD I.
j. Determine whether or not there is a Standby Buyer, as well
as determine and negotiate the terms and conditions of the
agreement between the Company and the Standby Buyer, if any.
k. Deposit the Company’s shares in the Indonesian Central
Securities Depository (KSEI) in accordance with KSEI regulations.
l. List all the Company’s shares that have been fully paid up on
the Indonesia Stock Exchange with due consideration on all
applicable regulatory provisions.
m. Confirm one or more decisions stated in the Meeting resolutions
in one or more Notarial deeds.
n. Take all the necessary and/or required actions pertaining to the
Company’s PMHMETD I, including actions that may be required
under all applicable regulatory provisions.
For the above mentioned purposes, the Company’s Board of Directors
reserves the right to appear before a Notary or anyone deemed
necessary, provide and/or request the necessary information, sign, issue
and/or submit the necessary documents, as well take all other necessary
actions pertaining to the decision in accordance with all applicable
regulatory provisions.
Voting Results:
Agreed Abstain Disagreed
39,108,382,820 votes or 99.9998466% of 41,000 votes or 0.0001048% of all shares 19,000 votes or 0.0000486% of all shares
all shares with voting rights present at the with voting rights present at the meeting. with voting rights present at the meeting.
meeting.
Question/Opinion : The amendment to the Company’s Articles of Association will include Dwi Warna shares?
Response : Series A Dwiwarna shares have been included in the composition of BSI shareholders as decided at the Annual GMS
on May 27, including the impact on the amendment of the Articles of Association, so it was included before the
current GMS, it was included in the Annual GMS.
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No. Agenda Decision Realization
2. Changes to the Company’s Articles 1. Approved changes, deletions and adjustments to several articles in Has been realized
of Association. the Company’s Articles of Association, as listed below:
a. Article 14 paragraph (18); (regarding GMS convention for the
Company that ahs not received an effective statement from the
Financial Services Authority)
b. Article 18 paragraph (19) letters e, f, g, i, and adjustments to the
order of letters in paragraph (19) of this article; (regarding the
dismissal of members of the Board of Directors)
c. Article 18 paragraph (20) letters a and b, and adjustments to the
order of letters in paragraph (20) of this article; (regarding the
resignation of members of the Board of Directors)
d. Article 19 paragraph (2) letter b number 10); (regarding the time
period for annual reports including financial statements that have
been reviewed by the Board of Commissioners, submitted by the
Board of Directors to the GMS for approval and ratification)
e. Article 19 paragraph (18) letters e and f, and adjustments to
the order of letters in this paragraph; (regarding approval from
the GMS after receiving a written response from the Board of
Commissioners to buy back the Company’s shares)
f. Article 21 paragraph (23), paragraph (24), paragraph (25),
paragraph (26), paragraph (31), paragraph (32) letters a and b, and
adjustments to the order of paragraphs in this article; (regarding
the dismissal, resignation and open positions of all members of
the Board of Commissioners)
g. Article 21 paragraph (39) letter b and adjustments to the order
of letters in this paragraph and the order of paragraphs in this
article; (regarding concurrent positions as members of the Board
of Commissioners)
h. Article 24 paragraph (16), and paragraph (16) letter a; (regarding
the resignation of members of the Sharia Supervisory Board)
i. Article 26 paragraph (5) and paragraph (8). (regarding the time
period for the annual report that has been signed by all members
of the Board of Commissioners and the Board of Directors,
submitted by the Board of Directors to and approved by the
Annual GMS)
2. Agreed to restate the changes to the articles of the Company’s
Articles of Association pertaining to the decision point 1 above, and
therefore re-arranged all provisions of the Company’s Articles of
Association.
3. Approved the delegation of authority to the Company’s Board of
Directors with the right of substitution to declare decisions on this
agenda, including to:
a. Prepare and restate the Company’s entire Articles of Association
in one or more Notarial Deeds; And
b. Submit a request for approval and/or receipt of notification
of changes to the Company’s Articles of Association to the
authorized office in accordance with applicable regulatory
provisions.
Voting Results:
Agreed Abstain Disagreed
39,108,374,420 votes or 99.9998251% of 67,800 votes or 0.0001734% of all shares 600 votes or 0.0000015% of all shares with
all shares with voting rights present at the with voting rights present at the meeting. voting rights present at the meeting.
meeting.
Question/Opinion : There were no questions or opinions.
Response : There is no response.
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GENERAL MEETING
OF SHAREHOLDERS
No. Agenda Decision Realization
3. Changes in the Composition of the 1. Confirmed the dismissal with honor of Mr. Muhammad Zainul Majdi Has been realized
Company’s Management. as Vice President Commissioner and Independent Commissioner of
the Company effective on August 5 2022 and gave thanks for the
contribution of energy and thoughts given while he was in office as a
member of the Company’s Board of Commissioners.
2. Delegated authority and power to the Company’s Board of Directors
to follow up on EGMS decisions pertaining to the reporting to
regulators and other relevant offices.
Effective on August 5, 2022, the composition of the Company’s
management is as follows:
Board of Commissioners
President Commissioner and Adiwarman Azwar Karim
Independent Commissioner
Vice President Commissioner and Vacant
Independent Commissioner
Commissioner Suyanto
Commissioner Masduki Baidlowi
Commissioner Imam Budi Sarjito
Commissioner Sutanto
Independent Commissioner M. Arief Rosyid Hasan
Independent Commissioner Komaruddin Hidayat
Independent Commissioner Mohamad Nasir
Commissioner Nizar Ali*)
Board of Directors
President Director Hery Gunardi
Vice President Director Bob Tyasika Ananta
Director of Retail Banking Ngatari
Director of Information Technology Achmad Syafii
Director of Finance & Strategy Ade Cahyo Nugroho
Director of Sales & Distribution Anton Sukarna
Director of Compliance & Human Tribuana Tunggadewi
Capital
Director of Risk Management Tiwul Widyastuti
Director of Wholesale Transaction Zaidan Novari*)
Banking
Director of Treasury & International Moh. Adib
Banking
*) Effective upon obtaining approval from the Financial Services Authority for the
fit and proper test
Voting Results:
Agreed Abstain Disagreed
39,088,575,720 votes or 99.9492000% of 19,866,700 votes or 0.0507990% of all 400 votes or 0.0000010% of all shares with
all shares with voting rights present at the shares with voting rights present at the voting rights present at the meeting.
meeting. meeting.
Question/Opinion : There were no questions or opinions.
Response : There is no response.
320 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Board of
Commissioners
The Board of Commissioners is a corporate body tasked Every Member of the Board of Commissioners must
collectively with supervision and providing advice to the have adequate understanding and competence to
Board of Directors, including ensuring that Bank Syariah address issues arising in the Bank’s business activities,
Indonesia implements Corporate Governance (CG) at all make independent decisions, drive performance
levels and tiers of the organization. improvement of the Bank, and effectively review and
provide constructive input on the performance of the
The BSI Board of Commissioners consists of Board of Directors.
Commissioners and Independent Commissioners.
The proportion of Commissioners to Independent BOARD CHARTER OF THE BOARD OF
Commissioners on the Board of Commissioners is COMMISSIONERS
determined in accordance with applicable laws and In carrying out its authority and responsibilities, the
regulations. Board of Commissioners refers to the Guidelines and
Rules of Procedure of the Board of Commissioners.
The Board of Commissioners is appointed and These guidelines and rules bind every member of
accountable to the General Meeting of Shareholders the Board of Commissioners, enabling them to carry
(GMS). This accountability is a manifestation of out their oversight function efficiently, effectively,
oversight accountability for company management in transparently, independently, and professionally.
the implementation of CG principles.
The Board of Commissioners has established guidelines
BASIS OF APPOINTMENT OF THE BOARD and rules of procedure in accordance with the provisions
OF COMMISSIONERS of Bank Indonesia/Financial Services Authority. These
The appointment of all members of the Bank’s Board of guidelines are periodically updated, as stipulated in the
Commissioners refers to the following legal basis: Decision of the Board of Commissioners of PT Bank
1. The laws of the Republic of Indonesia concerning Syariah Indonesia Tbk. Number: DEC.COM/001/2021.
Limited Liability Companies and Banking;
2. Regulations of the Financial Services Authority With these guidelines in place, it is expected that the
(OJK), OJK Circulars, Regulations of Bank Indonesia performance of the Board of Commissioners’ tasks will
(BI), and BI Circulars related to the implementation be more focused and effective, and it can be used as one
and organization of Corporate Governance; of the tools for assessing the performance of the Board
3. Regulations of the Minister of State-Owned of Commissioners. The guidelines cover various aspects
Enterprises of the Republic of Indonesia (“PERMEN of the Board of Commissioners, as follows:
BUMN”) regulating state-owned subsidiary 1. General Provisions
companies, such as PERMEN BUMN No. PER-3/ 2. Structure of the Board of Commissioners
MBU/03/2023 Regarding the Organization And 3. Duties of the Board of Commissioners
Human Resources of State-Owned Enterprises; 4. Obligations of the Board of Commissioners
4. Bank’s Articles of Association; and 5. Rights and Authorities of the Board of
5. Deed of Shareholder Resolution on the appointment Commissioners
of each Member of the Board of Commissioners. 6. Bank Confidentiality and Conflict of Interest
7. Committees and Other Supporting Bodies
Before carrying out their duties and responsibilities, each 8. Types and Quorum of Meetings
member of the Board of Commissioners appointed by 9. Participants in Board of Commissioners Meetings
the GMS must first undergo a fit and proper test process 10. Meeting Chairperson
in accordance with applicable laws and regulations and 11. Meeting Materials
Financial Services Authority Regulations. 12. Meeting Decisions
13. Meeting Minutes
14. Meeting Organization
15. Secretary of the Board of Commissioners
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16. Division of Routine Tasks l. Prepare Minutes of Board of Commissioners
17. Commissioners’ Working Hours Meetings and keep a copy;
18. Document Signing m. Report to the Company regarding his and/or his
19. Business Trips family’s share ownership in the Company and
20. Continuing Education other Companies;
21. Evaluation of the Board of Commissioners’ n. Submit a report on its oversight duty that has
Performance been carried out during the previous financial
22. Amendments year to the GMS;
23. Conclusion o. Give explanations on all matters asked or
requested by Series A Dwiwarna shareholders
DUTIES AND RESPONSIBILITIES and controlling shareholders with due
Pursuant to the Articles of Association, the Board of attention to regulatory provisions, Capital
Commissioners Charter, and all applicable regulatory Market regulations;
provisions, the Board of Commissioners has the p. Carry out other obligations in the context of
following duties: supervisory duties and give advices as long
1. The Board of Commissioners has a duty to: as they do not conflict with the regulatory
a. Give advices to the Board of Directors in provisions, Articles of Association, and/or GMS
running the management of the Company; decisions.
b. Examining, reviewing and signing the 2. To increase the effectiveness of the implementation
Company’s long-term plan and the Company’s of the supervisory and advisory functions as referred
work plan prepared by the Board of Directors to in point 1 letter a, the Board of Commissioners is
in accordance with the provisions of the also tasked with:
Company’s Articles of Association; a. Giving opinions and advices to management
c. Give opinions and suggestions on the regarding determining the Bank’s vision,
Company’s long-term plans and work plans; mission, culture and values;
d. Give approval for the Company’s long-term b. Conducting review and giving opinions on the
plans and work plans; business strategies executed by the Bank;
e. Keep updated on the Company’s activities, give c. Making assessments, providing opinions
opinions and suggestions to the GMS on any and advice on human resource management
issues deemed important for the management systems. In discharging this task the Board of
of the Company; Commissioners is assisted by the Nomination
f. Report to Series A Dwiwarna shareholders and Remuneration Committee;
and controlling shareholders should there be d. Making assessments, giving opinions and
symptoms of declining Company performance; advice on the risk control system. In carrying
g. Propose to the GMS the appointment of a Public out this task the Board of Commissioners is
Accountant who will audit the Company’s assisted by the Risk Monitoring Committee and
books; Audit Committee;
h. Examine and review periodic reports and e. Making assessments, giving opinions and
annual reports prepared by the Board of advice on the Draft Business Plan and its
Directors and sign the Annual Report; translation into the Bank’s Annual Work Plan
i. Give explanations, opinions and suggestions and Budget;
to the GMS regarding the Annual Report, if f. Giving approval for draft strategic business
requested; decisions or policies that comply with
j. Prepare the annual work program for the legislation, the Articles of Association and GMS
Board of Commissioners and make it part of the decisions and prudential banking practices,
Company’s work plan; including a commitment to avoid all forms of
k. Establish an Audit Committee, Risk Monitoring conflict of interest;
Committee and Remuneration and Nomination g. Making assessment of internal and external
Committee; auditor reports and giving advices to
management on matters that need to be
322 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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followed up. In carrying out its duties, the Board RIGHTS AND AUTHORITIES
of Commissioners is assisted by the Audit In carrying out duties and responsibilities, the Board of
Committee and Risk Monitoring Committee; Commissioners is authorized to:
h. Conducting periodic oversight and giving a. Inspect and examine books, letters, and other
advices to management on the implementation documents, examine cash for verification purposes,
of good corporate governance. In carrying and other items such as securities and inspect the
out this task the Board of Commissioners is Company’s assets;
assisted by the Risk Monitoring Committee; b. Enter the premises, buildings, and offices used by
i. Conducting periodic oversight over the the Company;
implementation of the RKAP and provide c. Request explanations from the Board of Directors
opinion/approval on changes to the RKAP in and/or other officials regarding all matters related
accordance with applicable regulations; to the management of the Company;
j. Submitting monitoring reports to authorities d. Be informed of all policies and actions that have
and Shareholders; been and will be carried out by the Board of
k. Overseeing the quality of bank services to Directors;
customers and giving necessary advices to e. Request the Board of Directors and/or other
management officials under the Board of Directors, with the
l. Making assessments, giving opinions and knowledge of the Board of Directors, to attend
advices on the implementation of risk meetings of the Board of Commissioners;
management including matters related to fraud f. Appoint and dismiss the Secretary of the Board of
control; Commissioners if deemed necessary;
m. Developing work programs for the Board g. Temporarily suspend members of the Board of
of Commissioners which includes programs Directors in accordance with the provisions of the
for the Board of Commissioners supporting Company’s Articles of Association;
committees. h. Use experts for specific purposes and for a certain
3. In carrying out these duties, each member of the period at the Company’s expense, if deemed
Board of Commissioners shall: necessary;
a. Comply with the Articles of Association and i. Take care of the Company’s affairs in certain
statutory regulations, as well as the principles circumstances for a certain period in accordance
of professionalism, efficiency, transparency, with the Articles of Association and applicable laws
independency, accountability, responsibility and regulations;
and fairness; j. Attend Board of Directors meetings and provide
b. Have good faith, attention and responsibility in opinions on matters discussed;
exercising oversight duties and give advices to k. Exercise other supervisory authorities as long as
the Board of Directors for the interests of the they do not contradict laws and regulations, the
Company and in accordance with the aims and Articles of Association, and/or GMS resolutions;
objectives of the Company. l. l. Approve the appointment and dismissal of the
Head of the Internal Supervisory Unit.
ROLE AND RESPONSIBILITIES OF
THE CHAIRMAN OF THE BOARD OF DECISIONS REQUIRING APPROVAL FROM
COMMISSIONERS THE BOARD OF COMMISSIONERS
The Chairman of the Board of Commissioners has roles Decisions made by the Board of Directors to undertake
and responsibilities, including: the following actions must first obtain written approval
1. Presenting oversight reports to obtain approval from the Board of Commissioners:
from the General Meeting of Shareholders (GMS) a. Disposing/transferring and/or mortgaging the
for the implementation of tasks and oversight by Company’s assets with criteria and values exceeding
the Board of Commissioners. a certain amount determined by the Board of
2. Calling and chairing meetings of the Board of Commissioners, except for assets recorded as
Commissioners. inventory, taking into account provisions in the
3. Coordinating the implementation of tasks and capital market and banking sectors;
responsibilities of the Board of Commissioners. b. Determining and altering the Company’s logo;
4. Ensuring that the responsibilities of the Board c. Making capital injections, divestments, including
of Commissioners are carried out according to changes in capital structure with a certain value
procedures. determined by the Board of Commissioners in
other companies, subsidiaries, and joint ventures
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not related to debt recovery, taking into account f. Entering into cooperation with other companies
provisions in the Capital Market and banking or parties in the form of operational cooperation,
sectors; management contracts, licensing agreements, Build
d. Engaging in mergers, acquisitions, takeovers, Operate Transfer (BOT), Build Operate Own (BOO),
separations, and dissolution of subsidiaries and and other agreements that have a material financial
joint ventures with a certain value determined by impact on the Company, applicable for a period
the Board of Commissioners, taking into account exceeding 1 (one) year or 1 (one) business cycle of
provisions in the capital market; the same nature whose duration or value exceeds
e. Acts to transfer, including selling, waiving the right the threshold set by the Board of Commissioners;
to collect, and/or no longer pursuing: g. Appointing and dismissing the Head of the Internal
1) Non-performing principal receivables/ Audit Unit;
liabilities that have been written off for the h. Proposing company representatives to become
purpose of financing settlement, whether in candidates for the Board of Directors and Board of
part or in full; Commissioners in subsidiaries;
2) The difference between the value of non- i. Establishing subsidiaries and/or joint ventures
performing principal receivables/liabilities that with a certain value determined by the Board of
have been written off and the transfer value Commissioners, in accordance with applicable
including sales or the value of relinquishing regulations;
rights; j. Issuing bonds or other debt instruments
3) Carried out based on the policy approved by exceeding a certain value limit set by the Board of
the Board of Commissioners and within the Commissioners.
write-off limit set by the General Meeting of
Shareholders (GMS) which will remain in effect
until a new write-off limit is determined by the
GMS;
COMPOSITION OF THE BOARD OF COMMISSIONERS
Until the end of fiscal year 2023, the composition of the BSI Board of Commissioners is:
Name Position Basis of Appointment Effective Date Term of Office
Muliaman D. President Commissioner/ Deed of AGMS Minutes No. 45 September 21, 2023 2023-2026
Hadad Independent dated May 22, 2023
Commissioner
Adiwarman Vice President Deed of EGMS Minutes No. 38 February 7, 2022 2022-2025
Azwar Karim Commissioner/ dated August 24, 2021
Independent
Commissioner
Suyanto Commissioner Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
dated December 15, 2020
Masduki Baidlowi Commissioner Deed of EGMS Minutes No. 92 February 1, 2021 2021-2022
dated December 15, 2020
Imam Budi Sarjito Commissioner Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
dated December 15, 2020
Sutanto Commissioner Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
dated December 15, 2020
Abu Rokhmad Commissioner Deed of AGMS Minutes No.45 September 21, 2023 2023-2026
dated May 22, 2023
M. Arief Rosyid Independent Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
Hasan*) Commissioner dated December 15, 2020
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Name Position Basis of Appointment Effective Date Term of Office
Komaruddin Independent Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
Hidayat Commissioner dated December 15, 2020
Mohamad Nasir Independent Deed of AGMS Minutes No.155 January 6, 2023 2023-2025
Commissioner dated May 27, 2022
*) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
ASSIGNED TASK
Name Position Assigned Task
Muliaman D. Hadad*) President Commissioner/ Member of the Audit Committee
Independent Commissioner
Member of the Nomination and Remuneration Committee
Member of the Risk Monitoring Committee
Adiwarman Azwar Karim Vice President Commissioner/ Member of the Audit Committee
Independent Commissioner
Member of the Nomination and Remuneration Committee
Member of the Risk Monitoring Committee
Suyanto Commissioner Member of the Risk Monitoring Committee
Masduki Baidlowi Commissioner Member of the Nomination and Remuneration Committee
Imam Budi Sarjito Commissioner Member of the Risk Monitoring Committee
Sutanto Commissioner Member of the Risk Monitoring Committee
Abu Rokhmad*) Commissioner Member of the Risk Monitoring Committee
M. Arief Rosyid Hasan **)
Independent Commissioner Chairman and Member of the Risk Monitoring Committee
Member of the Audit Committee
Member of the Nomination and Remuneration Committee
Komaruddin Hidayat Independent Commissioner Chairman and Member of the Nomination and Remuneration
Committee
Member of the Audit Committee
Member of the Risk Monitoring Committee
Mohamad Nasir Independent Commissioner Chairman and Member of the Audit Committee
Member of the Nomination and Remuneration Committee
Member of the Risk Monitoring Committee
*) Effective in office on September 21, 2023
**) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
TERM OF OFFICE OF THE BOARD OF OJK approval or fulfilling the criteria stipulated in
COMMISSIONERS the OJK approval letter in relation to the Fit and
1. Independent and non-Independent members of the Proper Test, and other relevant authorities (if any),
Board of Commissioners are appointed by the GMS and has been approved by the shareholders through
for a period starting from the closing of the GMS the GMS.
that appointed them or as determined otherwise by 3. The term of office of Independent and Non-
the GMS and ending at the close of the 3rd (three) Independent Commissioners is 2 (two) consecutive
Annual GMS after their appointment. However, terms, or a maximum of 6 (six) years.
this does not reduce the GMS’s right to dismiss 4. The term of office of a member of the Board of
members of the Board of Commissioners before Commissioners ends if:
their term of office ends by stating the reasons. a. Their term of office ends in accordance with the
The termination takes effect from the closing of the provisions of the Bank’s Articles of Association;
GMS, unless otherwise determined by the GMS. b. Their resignation comes to effect in accordance
2. The appointment of members of the Board of with the applicable provisions of the Articles of
Commissioners shall be effective after obtaining Association;
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c. They no longer meet the criteria for member 5. Shall have knowledge and/or expertise in the field
of the Board of Commissioners based on the required by the Company
provisions of the Articles of Association and 6. Shall not be anyone who works or has the authority
statutory regulations; and responsibility to plan, lead, control or supervise
d. Cease; the activities of the Issuer or Public Company within
e. Dismissed based on GMS decision; the last 6 (six) months, except for reappointment
f. Declared bankrupt by the Commercial Court as an Independent Commissioner of the Issuer or
which has permanent legal force or placed Public Company in the next period
under guardianship based on a court decision; 7. Shall meet other criteria in accordance with
5. Members of the Board of Commissioners whose applicable regulatory provisions.
terms of office have ended may be reappointed with
due consideration on applicable provisions. NEW BOARD OF COMMISSIONERS
ORIENTATION PROGRAM
CRITERIA FOR MEMBERS OF THE BOARD Considering the diverse backgrounds of the Board
OF COMMISSIONERS of Commissioners’ members, BSI always conducts an
Parties eligible as members of the Board of introduction program for new members of the Board
Commissioners are individuals who meet the following of Commissioners. Through this program, Board of
criteria at the time of appointment and while in office: Commissioners members can get to know each other
1. Shall have good morals, intentions and integrity and build cooperation as a solid, comprehensive, and
2. Shall be able to take legal actions effective team, providing an introduction to the general
3. Within 5 (five) years prior to appointment and conditions of Bank Syariah Indonesia.
during office:
a. Has never been declared bankrupt In line with the Board of Commissioners and Directors’
b. Has never been a member of the Board of Working Guidelines (Board Manual), the orientation
Directors and/or a member of the Board of program for the Board of Commissioners includes:
Commissioners convicted guilty for causing a 1. Corporate Introduction related to Corporate
company to be declared bankrupt Strategy, and vision-mission
c. Never been convicted of committing a criminal 2. Sharia Banking Training
act that is detrimental to state finances and/or 3. Risk Management Training
related to the financial sector; And 4. Corporate Governance Training for Public
d. Has never been a member of the Board of Companies
Directors and/or member of the Board of
Commissioners who while in office: For 2023, the BSI Board of Commissioners orientation
- Failed to hold an annual GMS program was conducted for the new members of the
- His accountability as a member of the Board of Directors, namely Muliaman D. Hadad and Abu
Board of Directors and/or member of Rokhmad on June 9-16, 2023.
the Board of Commissioners was once
not accepted by the GMS or has never MECHANISM OF SELECTION,
provided his accountability as a member of APPOINTMENT, DISMISSAL, AND/
the Board of Directors and/or member of OR REPLACEMENT OF BOARD OF
the Board of Commissioners to the GMS; COMMISSIONERS MEMBERS
And The policy in the process and selection of the Board of
- Has once caused a company that obtained Commissioners refers to applicable laws and regulations,
a permit, approval or registration from the including Law Number 40 of 2007 concerning
OJK to fail to meet its obligation to submit Limited Liability Companies, Law Number 21 of 2008
an annual report and/or financial report to concerning Sharia Banking, POJK No.33/POJK.04/2014
the OJK. concerning the Board of Directors and Board of
4. Shall have a commitment to comply with regulatory Commissioners of Issuers or Public Companies, POJK
provisions. Number 27/POJK.03/2016 concerning Assessment of
Capability and Suitability for Key Personnel of Financial
326 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Services Institutions, POJK No.17 of 2023 concerning 3. The Company shall disclose information to the
the Application of Governance for Commercial Banks, public and submit it to the OJK no later than 2
as well as other related laws and regulations including (two) working days after receiving the request for
those from Bank Indonesia. resignation from the Board of Commissioners as a
result of GMS convention.
As a State-Owned Enterprise Subsidiary, in addition to 4. Before the resignation comes into effect, the
the above regulations, BSI is also subject to PERMEN resigning member of the Board of Commissioners
BUMN No. PER-3/MBU/03/2023 Regarding the shall complete his duties and responsibilities in
Organization and Human Resources of State-Owned accordance with these Articles of Association and
Enterprises. applicable regulatory provisions.
5. A resigning member of the Board of Commissioners
The process of selection, appointment, dismissal, and/ as referred to above can still be held accountable as
or replacement of Board of Commissioners members members of the Board of Commissioners from the
is regulated in BSI’s Articles of Association and time of their appointment until the date of approval
Nomination and Remuneration Policy. of their resignation at the GMS.
6. Exemption from the responsibilities of members of
In the process of selection, appointment, dismissal, the Board of Commissioners who resign is granted
and/or replacement of the Board of Commissioners, it after the Annual GMS releases them.
is carried out through proposals from Shareholders to
the GMS, taking into account recommendations from POLICY ON LOANS FOR THE BOARD OF
the Nomination and Remuneration Committee. Before COMMISSIONERS
discussing the appointment and dismissal of the Board BSI has a policy that allows loans to be granted to
of Commissioners in the GMS, information about the the Board of Commissioners under normal pricing
profile of new or reappointed Board of Commissioners and conditions, as done with parties unrelated to the
members is available at the time of summons or at the Bank. Loans to the Board of Commissioners will be
latest during the implementation of the GMS. accounted for as part of the Maximum Fund Allocation
Limit according to the Financial Services Authority
MECHANISM FOR RESIGNATION AND Regulation No.26/POJK.03/2021 concerning the
DISMISSAL OF MEMBERS OF THE BOARD Maximum Limit for Fund Disbursement and Large Funds
OF COMMISSIONERS for Sharia Commercial Banks. This policy is outlined in
Based on the Articles of Association of Bank Syariah the Consumer Financing Business Standard Operating
Indonesia, the Board of Commissioners has the right Procedure dated November 30, 2023, and other related
to resign from their positions, with the following internal policies.
conditions:
1. A member of the Board of Commissioners has the BOARD OF COMMISSIONERS AFFILIATE
right to resign from their position before their term RELATIONS
of office ends by notifying the Company in writing Listed below are criteria for affiliate relationships for
of his intention no later than 90 (ninety) days. members of the Board of Commissioners
2. The Company shall hold a GMS to decide on the 1. Affiliate relationship between members of the
request for resignation of the member of the Board Board of Commissioners and their fellow members;
of Commissioners concerned within a period of no 2. Affiliate relationship between members of the
later than 90 (ninety) calendar days after receiving Board of Commissioners and members of the Board
the letter of resignation of Directors; And
3. Affiliate relationship between members of the
Board of Commissioners and Major and/or
Controlling Shareholders.
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Table of Affiliate Relations of the Board of Commissioners
Financial Relationship with: Family Relationship with:
Name Position Board of Board of Controlling Board of Board of Controlling
Commissioners Directors Shareholders Commissioners Directors Shareholders
Muliaman D. Hadad*) President X X X X X X
Commissioner/
Independent
Commissioner
Adiwarman Azwar Vice President X X X X X X
Karim Commissioner/
Independent
Commissioner
Suyanto Commissioner X X √ X X X
Masduki Baidlowi Commissioner X X √ X X X
Imam Budi Sarjito Commissioner X X X X X X
Sutanto Commissioner X X X X X X
Abu Rokhmad*) Commissioner X X X X X X
M. Arief Rosyid Independent X X X X X X
Hasan**) Commissioner
Komaruddin Hidayat Independent X X X X X X
Commissioner
Mohamad Nasir Independent X X √ X X X
Commissioner
*) Effective in office on September 21, 2023
**) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
DUAL POSITION OF BOARD OF COMMISSIONERS
Policy
Members of the Board of Commissioners shall refrain from assuming concurrent positions as:
1. Member of the Board of Directors, member of the Board of Commissioners, or Executive Officer at a financial
institution or financial company, whether bank or non-bank.
2. Member of the Board of Directors, member of the Board of Commissioners, or Executive Officer in more than 1
(one) non-financial institution or non-financial company, whether domiciled at home or abroad.
3. Member of at most 5 (five) Committees in the Bank or public company where the person concerned also serves as
Board of Commissioners or Directors.
None of member of the Board of Commissioners has violated the provisions on concurrent positions. Concurrent
positions by members of the Board of Commissioners are currently still permitted under the provisions on concurrent
positions.
Table of Concurrent Positions of the Board of Commissioners
Position in Other Companies/
Name Position Institution Name
Agencies
Muliaman D. Hadad*) President Commissioner/ Independent Commissioner PT Astra Internasional Tbk
Independent Commissioner
Adiwarman Azwar Karim Vice President Commissioner/ Nil Nil
Independent Commissioner
328 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Position in Other Companies/
Name Position Institution Name
Agencies
Suyanto Commissioner Chief Special Staff State Intelligence Agency of
the Republic of Indonesia
Masduki Baidlowi Commissioner 1. Special Staff 1. Vice President for
2. Daily Chair Communications
3. Chairman of the 2. MUI Central Sector
Foundation 3. MMD Initiative (Justice &
Democracy)
Imam Budi Sarjito Commissioner Nil Nil
Sutanto Commissioner Nil Nil
Abu Rokhmad*) Commissioner Legal & Human Rights Expert Ministry of Religious Affairs
Staff of the Republic of Indonesia
M. Arief Rosyid Hasan**) Independent Commissioner 1. Deputy Head 1. Sharia Economic Agency
2. Chairman of the 2. PP Youth of the Sharia
Committee Economic Community
3. Deputy Secretary General 3. BPP HIPMI
Komaruddin Hidayat Independent Commissioner Nil Nil
Mohamad Nasir Independent Commissioner Special Staff to the Vice Vice President’s Secretariat
President for Bureaucratic
Reform
*) Effective in office on September 21, 2023
**) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
MANAGEMENT OF CONFLICTS OF b. Prohibition on members of the Board of Directors
INTEREST and members of the Board of Commissioners from
Conflict of Interest is a condition where members taking actions that could harm or reduce the Bank’s
of the Bank’s Board, in carrying out their duties and profits; and
obligations, have other interests than official interests, c. Obligation to disclose conflict of interest in any
whether regarding personal, family or other parties’ decision making if any.
interests, which can keep members of the Bank’s
executives from acting objectively within the scope that BOARD OF COMMISSIONERS SHARE
the Bank’s executives: OWNERSHIP AND IST CHANGES
a. Shall refrain from activities that could give rise to a
conflict of interest Reporting Policy
b. Shall act honorably and responsibly and not under In accordance with POJK number 11/POJK.04/2017
influences that may otherwise cause to lose regarding Ownership Report or Any Change in Share
objectivity in carrying out duties or result in the Ownership of Public Companies, the ownership report
Bank losing business and/or reputation and any change in ownership of BSI shares must be
c. Shall not abuse the Bank’s corporate identity. submitted by the relevant member of the Board of
Corporate identity can only be used for the Bank’s Commissioners to the company no later than 3 (three)
purposes and with the Bank’s permission working days and to the regulator no later than 10 (ten)
days from the occurrence of ownership or change in
The Bank has a policy for managing conflicts of interest ownership of the Company.
as stated in the Code of Conduct, which contains:
a. Identification, mitigation and management of In 2023, there has been a change in the share ownership
conflicts of interest including those arising g from of the Board of Commissioners in BSI. All such changes
transactions with affiliated parties and intra-group have been reported to the Financial Services Authority
transactions; in accordance with applicable regulations. The series of
changes in share ownership are described in the table
below.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 329
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
COMMISSIONERS
As of January 1, 2023
No. Name Position Number of Shares Percentage (%)
1 Adiwarman Azwar President Commissioner/ 0 0
Karim Independent Commissioner
2 Komaruddin Hidayat Vice President Commissioner/ 0 0
Independent Commissioner
3 M. Arief Rosyid Hasan Independent Commissioner 0 0
4 Suyanto Independent Commissioner 0 0
5 Masduki Baidlowi Independent Commissioner 0 0
6 Imam Budi Sarjito Commissioner 0 0
7 Sutanto Commissioner 1,687,400 0.003
8 Mohamad Nasir*) Commissioner 0 0
9 Nizar Ali *)
Commissioner 0 0
*) The determination of the appointment concerned is effective since obtaining approval from OJK for the fit and proper test
As of December 31, 2023
No. Name Position Number of Shares Percentage (%)
1 Muliaman Hadad*) President Commissioner/ 0 0
Independent Commissioner
2 Adiwarman Azwar Vice President Commissioner/ 0 0
Karim Independent Commissioner
3 Suyanto Commissioner 822,700 0.002
4 Masduki Baidlowi Commissioner 822,700 0.002
5 Imam Budi Sarjito Commissioner 822,700 0.002
6 Sutanto Commissioner 1,010,100 0.002
7 M. Arief Rosyid Hasan **)
Independent Commissioner 0 0
8 Komaruddin Hidayat Independent Commissioner 0 0
9 Mohamad Nasir Independent Commissioner 0 0
10 Abu Rokhmad *)
Commissioner 0 0
*) Effective in office on September 21, 2023
**) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
330 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Independent
Commissioner
An Independent Commissioner is a member of the Commissioners falling below 50% of the total number
Board of Commissioners who does not have any of Commissioners. In response to this situation, BSI will
financial, managerial, shareholding, and/or family confirm the resignation of the concerned individual,
relationships with members of the Board of Directors, including the plan to appoint their replacement at the
other Commissioners, and/or controlling shareholders. Annual General Meeting to be held in 2024.
Additionally, they do not have any relationships with
the Bank that could influence their ability to act IMPLEMENTATION OF DUTIES AND
independently. RESPONSIBILITIES OF THE BOARD OF
COMMISSIONERS
Referring to article 53 paragraph 4 of Financial Based on BSI’s Articles of Association, the Board
Services Authority Regulation No. 16/POJK.03/2022 of Commissioners is responsible for overseeing
regarding Sharia Commercial Banks, the number of management policies, the general course of
Independent Commissioners must be at least 50% of management, both regarding the Company and the
the total number of Commissioners. On November Company’s business conducted by the Directors, and
6, 2023, there was one member of the Board of providing advice to the Directors, including overseeing
Commissioners who resigned, namely M. Arief Rosyid the implementation of the Company’s long-term plans,
Hasan, serving as an Independent Commissioner, and the Company’s work plans, as well as the provisions
this resignation has been reported to the OJK through of the Articles of Association and Resolutions of the
BSI Letter No. 03/1706-3/DIR-CSG, dated November General Meeting of Shareholders, and applicable laws
16, 2023, regarding Information on the Resignation and regulations, the interests of the Company, and in
of a Member of the Board of Commissioners. This accordance with the purposes and objectives of the
resignation resulted in the composition of Independent Company.
INDEPENDENT COMMISSIONER INDEPENDENCY CRITERIA
Pursuant to Financial Services Authority Regulation No.33/POJK.04/2014, the criteria for Independent
Commissioners the Bank also uses are as follow:
Muliaman D. Adiwarman M. Arief Rosyid Komaruddin
Criteria Mohamad Nasir
Hadad*) Azwar Karim Hasan**) Hidayat
Not anyone who works or has the Yes Yes Yes Yes Yes
authority and responsibility to
plan, lead, control or oversee the
activities of the Issuer or Public
Company within the last 6 (six)
months, except for reappointment
as Independent Commissioner of
the Issuer or Public Company in
the following period.
Has no shares, either directly or Yes Yes Yes Yes Yes
indirectly, in the Issuer or Public
Company.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 331
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INDEPENDENT
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Muliaman D. Adiwarman M. Arief Rosyid Komaruddin
Criteria Mohamad Nasir
Hadad*) Azwar Karim Hasan**) Hidayat
Has no affiliation with the Yes Yes Yes Yes Yes
Issuer or Public Company,
members of the Board of
Commissioners, members of the
Board of Directors, or the main
shareholders of the Issuer or
Public Company.
Has no direct or indirect business Yes Yes Yes Yes Yes
relationships related to the
Company’s business activities.
*) Effective in office on September 21, 2023
**) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
STATEMENT OF INDEPENDENCE OF 4. The written authorization of a Commissioner who
INDEPENDENT COMMISSIONERS is not present to another Commissioner shall be
All Independent Commissioners have met the counted as attendance
independence criteria as stated in the provisions of 5. A Commissioner may only receive power of
Article 21 of the Financial Services Authority Regulation attorney from 1 (one) other Commissioner.
No. 33/POJK.04/2014 concerning the Boards of 6. The Commissioner’s physical absence from the
Directors and Commissioners of Issuers or Public Board of Commissioners Meetings as referred
Companies. to in paragraph 1 shall not be more than 3 (three)
consecutive times a year, unless there has
BOARD OF COMMISSIONERS MEETING been a prior agreement regarding his role and
involvement in the oversight function of the Board
Meeting Policy of Commissioners.
In accordance with the Charter of the Board of 7. The Board of Commissioners meeting shall be
Commissioners of PT Bank Syariah Indonesia Tbk, the chaired by the President Commissioner, and in the
policy of the Board of Commissioners Meeting is as event that the President Commissioner is unable
follows: to attend, then the meeting shall be chaired by a
1. The Board of Commissioners shall hold at least 1 member of the Board of Commissioners appointed
(one) meeting 1 (one) month. by the President Commissioner, and if the President
2. Meetings of the Board of Commissioners as Commissioner does not make the appointment, then
referred to in paragraph 1 letter a are valid and the meeting shall be chaired by a Commissioner
have the right to make binding decisions if attended appointed by other Commissioners.
by more than 1/2 (one half) of the total number of 8. Decisions at the Board of Commissioners’ Meetings
Commissioners, provided that the minutes of the shall be taken by deliberation and consensus
meeting are signed by all Commissioners present among the participants present. In the event that
at the meeting and who receives the power of deliberation and consensus is not reached, the
attorney. decision shall be taken by majority vote (voting).
3. A Commissioner can only be represented at a
meeting by another Commissioner based on a
written authorization specifically given for that
purpose.
332 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Meeting Frequency and Attendance
Details of attendance at Board of Commissioners meetings throughout 2023, both internal meetings and joint
meetings, as well as attendance at the GMS, are given in the table below:
Internal Meeting of the Joint Meeting with the
Attendance at the GMS
Board of Commissioners Board of Directors
Name Position Number Number Number
Total Total Total
of % of % of %
Attendance Attendance Attendance
Meetings Meetings Meetings
Muliaman D. President 19 19 100 9 9 100 - - -
Hadad*) Commissioner/
Independent
Commissioner
Adiwarman Vice President 25 25 100 14 14 100 1 1 100
Azwar Karim Commissioner/
Independent
Commissioner
Suyanto Commissioner 25 24 96 14 10 91 1 1 100
Masduki Commissioner 25 22 88 14 12 86 1 1 100
Baidlowi
Imam Budi Commissioner 25 25 100 14 14 100 1 1 100
Sarjito
Sutanto Commissioner 25 24 96 14 14 100 1 1 100
Abu Rokhmad *)
Commissioner 19 18 95 9 7 77 - - -
M. Arief Rosyid Independent 23 23 100 12 12 100 1 1 100
Hasan**) Commissioner
Komaruddin Independent 25 25 100 14 14 100 1 1 100
Hidayat Commissioner
Mohamad Nasir Independent 25 25 100 14 14 100 1 1 100
Commissioner
*) Effective in office on September 21, 2023
**) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
Agenda of Board of Commissioners Internal Meeting
No. Date Agenda
1 January 12, 2023 Changes to the Board of Commissioners Supporting Committees
2 January 19, 2023 Performance Evaluation December 31, 2022
3 February 23, 2023 BSI Performance Evaluation January 2023
4 March 30, 2023 BSI Performance Evaluation February 2023
5 April 27, 2023 BSI Performance Evaluation March 2023
6 May 15, 2023 Addition of Oversight Function to Vice President Director of PT Bank Syariah Indonesia Tbk (BSI)
7 May 25, 2023 BSI Performance Evaluation April 2023
8 June 8, 2023 Update on Directorate Work & Post IT Incident Action Plan Risk Management Directorate
9 June 8, 2023 Update on Directorate Work & Post IT Incident Action Plan Finance & Strategy Directorate
10 June 8, 2023 Update on Work of Directorate & Post IT Incident Action Plan IT Directorate
11 June 5, 2023 Company Overview
12 June 15, 2023 Update on Directorate Performance & Post IT Incident Action Plan Compliance & Human Capital
Directorate
13 June 15, 2023 Directorate Performance Update & Post IT Incident Action Plan Retail Banking Directorate
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 333
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INDEPENDENT
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No. Date Agenda
14 June 15, 2023 Update on Directorate Performance Update & Post IT Incident Action Plan Directorate Vice
President
15 June 22, 2023 Update on Directorate Work & Action Plan Post IT-Incident in Wholesale Transaction Banking
Directorate
16 June 22, 2023 Update on Directorate Work & Post-IT Incident Action Plan in Treasury Int. Banking Directorate
17 June 22, 2023 BSI Performance Evaluation May 2023
18 July 6, 2023 Update on Directorate Work & Post-IT Action Plan in Sales & Distribution Directorate
19 July 6, 2023 Changes in the Composition of Members of Board of Commissioners Supporting Committees
20 July 27, 2023 BSI Performance Evaluation June 2023
21 August 24, 2023 BSI Performance Evaluation July 2023
22 September 21, 2023 BSI Performance Evaluation August2023
23 October 30, 2023 BSI Performance Evaluation September 2023
24 November 30, 2023 BSI Performance Evaluation October 2023
25 December 22, 2023 BSI Performance Evaluation November 2023
PROCEDURE AND FREQUENCY OF Matters requiring recommendations from Committees
PROVIDING GUIDANCE/ADVICE AND under the Board of Commissioners are conducted
RECOMMENDATIONS FROM THE BOARD through Committee Meetings, which are divided into:
OF COMMISSIONERS 1. Audit Committee Meetings,
The provision of guidance/advice and recommendations 2. Risk Monitoring Committee Meetings, and
by the Board of Commissioners to the Board of Directors 3. Remuneration and Nomination Committee
is carried out both directly in meetings and indirectly Meetings.
through written correspondence.
All outcomes of the above Committee Meetings are
The meetings include: communicated by the Board of Commissioners to the
1. Committee meetings under the oversight of the Board of Directors through written correspondence.
Board of Commissioners, consisting of Audit
Committee Meetings, Risk Monitoring Committee The provision of guidance/advice and recommendations
Meetings, and Remuneration and Nomination by the Board of Commissioners to the Board of Directors
Committee Meetings. can also be done through letters or disposition notes to
2. Board of Commissioners Meeting, consisting of: the Board of Directors. The Board of Commissioners
a. Board of Commissioners meetings or internal conducts evaluations and provides guidance to
meetings of the Board of Commissioners and/ the Board of Directors quarterly and annually on
or by inviting Directors in related fields. Compliance Reports and GCG assessment results. In
b. Joint meetings of the Board of Commissioners conducting supervision, the Board of Commissioners
and the Board of Directors. may also routinely visit the Bank’s branches.
c. Joint Meetings of the Board of Commissioners
and the Board of Directors and Sharia
Supervisory Board.
334 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Recapitulation of Direction/Advice and Recommendation of the Board of Commissioners
No. Theme Suggestions/Input from the Board of Commissioners
1. Performance The Board of Commissioners appreciates the strong growth in performance as of December
31, 2023, as indicated by assets of Rp353.63T, which exceeded the target of Rp336.32T & the
position in December 2022 (Rp. 305.73T), with growth of 15.67% YoY (±2x growth in national
banking assets); net profit of Rp5,703 T, growing 33.83% YoY (110.68% of target); total financing
of Rp240.32 T, growing 15.70% YoY (100.55% of target); gross NPF in the best position in the
year at 2.08% (smaller than Dec’22: 2.42% or the target Dec’23: 2.30%); and BOPO at 71.67%,
down from the Dec’22 position at 75.88%. However, there was room for improvement that needs
attention in 2024.
2. DPK DPK reached Rp293.78T (exceeding the target of 101.19%), up 12.35% YoY driven by an increase
in all DPK components, such as deposits, which grew Rp15.36T YoY (to Rp110.99T in December
2023, or higher than the target of 104.38%), while current accounts increased Rp8.68T YoY
to reach Rp53.2T in December 2023 (close to the target of 98.04%) and savings, which grew
Rp8.24T YoY to reach Rp124.73T in Dec’23 (close to the target or representing 99.71%).
However, there was still room for improvement that needs attention in 2024, including:
1) The increase in savings and deposits in the last few months shows that customer trust in BSI
has recovered, and the customer win-back program proved effective, so it is imperative to
keep this momentum with continuous service improvement and attractive programs with the
support of a stable IT system.
2) Efforts to increase retail DPK to acquire new customers will be continued with other
attractive programs to increase the customer base (growing 10.53% YoY) while reducing the
concentration of DPK (the contribution of top-50 depositors to DPK increased from 23.10%
in November to 24.19% in December). The Bank should formulate retention (compensation/
appreciation) programs, especially to finance customers in the existing institution portfolio.
3) CASA grew 10.51% YoY & represented 60.57% DPK (target 61.77%), but has not been able to
exceed deposit growth (15.29% YoY), so the Bank has the potential to experience an increase
in COF and have an impact on competitiveness (pricing). Efforts should be made to increase
cheap funds to at least above the Dec’23 position (61.57%). The development of transactional
banking services, especially the New CMS, needs to be improved, in addition to optimizing
business savings through the value chain in wholesale banking.
4) Efforts to increase DPK need to be supported by increasing sales funding capabilities
(especially in networks), strengthening customer engagement & touch, and effective
promotional programs, especially ahead of major events (Presidential Election, Ramadhan &
Eid 1445H/2024).
5) Re-ensuring that IT-related problems have been resolved properly and effectively
communicated to customers, to support penetration of digital transaction services including
BSI Mobile, EDC, BSI Smart, QRIS, CMS, Digital Financing, Net Banking, to increase cheap
funds effectively and sustainably.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 335
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INDEPENDENT
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No. Theme Suggestions/Input from the Board of Commissioners
3. Financing Bank-wide financing reached Rp240.32 T (100.55% of target), growing 15.70% YoY, contributed
mainly by Consumer, Pawn and Card segment financing of Rp17.67 T/15.66% YoY, Wholesale of
Rp10, 31T/18.03% YoY and followed by Retail of Rp4.62T/12.29% YoY. However, there was still
room for improvement that needs attention in 2024, including:
1) Financing the Wholesale segment to make it more sustainable and generate derivative
products for other business segments. Considering that wholesale margins are relatively low,
while the cost of funds in the market is relatively high, which has an impact on pricing, the
Bank needs to be more cautious & selective in providing financing to trustworthy sectors and
customers.
2) In addition, the implementation of the Wholesale-Retail-Consumer-Treasury collaboration
needs to be monitored so we expect to see the collaboration dashboard in future performance
at the evaluation meetings.
3) With national credit growth of 10.3% YoY (Dec’23, BI) and 9.7% YoY (Nov’23) as well as the
BSI Financing growth trend (15.70% YoY) which is greater than BSI DPK growth (12 .35% YoY)
then FDR needs to be maintained at the optimal range (82.32% RBB’23)/regulatory limits
(FDR 78-92% & RIM 84%-924%) which balances the benefits (profitability & getting GWM
incentives with maintaining FDR at a predetermined level) and costs (impact of potential
decrease in liquid assets, expensive CoF, etc.).
4) Optimize the potential for financing growth from a quality pipeline in all segments, by
targeting sectors or customer groups with proven track record with due consideration on the
precautionary principle. There is a need to push SME financing with a moderate growth (2.40%
YoY) through collaboration with Wholesale to work on the Wholesale customer ecosystem
(Palm Palm, BPJS Health, fertilizer ecosystem, Muhammadiyah, other Islamic Ecosystems,
etc.).
5) Sustainable financing (Sustainable Finance as part of Maqosid Syariah) needs to continue to
be increased considering that SF realization has only reached Rp57.7T (24% of total financing)
with the portion of SF-Non MSMEs being 21.14% (Rp12.2T/Rp. 57, 7T) or smaller than
SF-UMKM e.g. 78.85% (Rp 45.5T/Rp. 57.5T). This can be developed through collaboration
with the parent company (Mandiri/BRI/BNI) to obtain sound pipeline of customer, especially
financing.
6) Micro financing has shown quite a growth, and therefore needs to be improved with
strengthening risk management (implementation of 3 pillars) and paired with continuous post-
disbursement monitoring and oversight (Post Booking Review).
4. Financing Quality 1) Col. 2 as of Dec’23 was 2.05%, an increase from Dec’22 at 1.54%, mainly due to the downgrade
of Wholesale customers (1.74% Dec’22 to 3.75% Dec’23). Col. 2’s increase was also seem in
the Consumer, Pawn & Card segment (1.24% Dec’22 to 1.29% Dec’23) while Col. 2 Retail fell
from 2.14% Dec’22 to 1.68% Dec’23.
2) NPF Gross Dec’23 was 2.08%, a decrease from Dec’22 (2.42%), mainly due to repayment
from wholesale customers. However, there were still several segments with pretty high NPF,
including Corporate-2 (4.24%), Commercial-2 (5.74%), SME (4.08%), Micro Non KUR (11.16
%), and Hasanah Card (3.16%). Meanwhile, bank-wide FaR was smaller (9.14% Dec’23), with
Wholesale FAR at 16.78% and FaR Retail at 6.16%.
336 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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No. Theme Suggestions/Input from the Board of Commissioners
5. Financial Ratios Appreciation for the achievement of Net Profit as of December 2023 of Rp5,703 T, exceeding
the Bank Business Plan (RBB) target of Rp5.1 T, and the target of the main shareholder (PT Bank
Mandiri (Persero) Tbk.) of ± Rp5 .7 T. However, there was room for improvement that needs
attention in 2024, including:
1) Net Margin & Profit Sharing did not reach the target (96.27%) due to the increase in Profit
Sharing Costs & Bonuses as a result of the increase in the Cost of Fund (CoF) of DPK on a YtD
basis from 1.62% (Dec’22) to 2.13 % (Dec’23) and MtD to 2.52% (Dec’23), especially current
accounts (2.0%) and deposits (4.04%).
2) To anticipate the possible increase in CoF as a result of tight competition for TPF in the market
it is better to expand DPK to focus primarily on the Retail segment with a low Equivalent
Rate (ER), deepening/ elaborating services to core depositors, optimizing PHR based on
Profitability Analysis. On the income side, it is necessary to maintain financing growth with
high yields and maintained quality.
3) FBI Ratio has increased MtM (15.64% Nov’23 to 15.80% Dec’23) with the main contributors
being Collection (26.2% to FBI), E-channel (23.4%) & Pawn ( 17.7%). This growth is still below
the target (16.27%) or the Dec’22 figure (15.91%), in particular there is negative YoY growth
in several FBI posts, namely FBI-ATM (-14.2%), FBI-Value Chain (-54 .2%), FBI-Operational
(-7.7%), other FBI (-8.1%), so it needs to be evaluated to find the root of the problem. The Bank
needs to strengthen hygiene factors both through ATM expansion, IT/Application reliability,
and the growth of the FBI-Value Chain as a derivative of the growth of the Wholesale segment.
4) BO/PO and CIR was managed well but require caution considering that the higher-for-
longer regime and expected continuation of uncertainty, which has the potential to become a
challenge in achieving future targets.
6. Fee Based Income & 1) Pawning as a potential FBI source needs to continue to be developed, including by:
BSI Mobile a. Increasing awareness and making pawning a Top of Mind, including by implementing a
head-to-head strategy for Pegadaian;
b. Increasing the number of KLGs with supporting facilities and infrastructure, increasing
termination limits, increasing the competence of pawnshop employees and alternative
utilization of excess BSI employees, especially for appraiser positions.
2) UREG BSI Mobile was 6.31 million (growing 31.41% YoY), while USAK was 2.99 million/
equivalent to 47.35% of UREG (growing 25.89% YoY) has to be improved. Bank wide Online
on Boarding (OOB) penetration which has reached 85.6% (OOB target of 100% as of Aug’23)
must be supported by system and network reliability support so it will have an impact on
increasing USAK, and new UI-UX customers.
3) The number of active merchants as of Dec’23 reached 42,691 (15.6% of total merchants), so it
needs to continue to be improved, including optimizing QRIS transactions and the Bank needs
to ensure human resources for QRIS maintenance activities to allow monitoring KP program
amidst the focus on HR network conditions or business expansion.
7. Sharia Ecosystem and 1) Penetration into the Islamic Ecosystem which has grown (total ISE TPF of IDR 28.9 T grew
others 43.09% YtD and total customers/CIF of 5.56 million, grew 24.45% YoY) so that it can continue
to be improved as an alternative DPK recomposition strategy & increasing incomes (FBI).
2) To carry out an in-depth and comprehensive analysis of the increase in funds that should not
be recognized as income (TBDSP) at 14.29% YoY, considering that this increase could indicate
increasing non-compliance with sharia principles.
3) The relevant work unit (Accounting) must intensively coordinate with the Sharia Committee
and Sharia Supervisory Board regarding the determination of TBDSP to ensure more accurate
presentation of performance figures & more relevant value to ensure immediate distribution/
use of these funds.
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INDEPENDENT
COMMISSIONER
Recap of Oversight of the Board of 5. Carried out oversight functions for the Risk
Commissioners Management Work Unit.
Throughout 2023, the Board of Commissioners carried 6. Carried out oversight functions over the
out its duties and responsibilities regarding oversight implementation of compliance at BSI, including by:
of management policies and the management of the a. Evaluating the compliance function at BSI,
Bank in line with applicable regulatory provisions, the ensuring that the compliance function at BSI
Company’s Articles of Association and the Work Plan set has been implemented well and providing
at the beginning of the year, which include the following: suggestions to the Board of Directors to
1. Carried out the oversight function of the Bank improve the quality of implementation of the
Business Plan (RBB), including: compliance function;
a. Directing, monitoring and evaluating the b. Reviewing reports on the implementation of
implementation of the Bank’s strategic policies the compliance function and of the Compliance
in 2023, including evaluating the Corporate Director’s duties submitted periodically to the
Plan and RBB as well as monthly financial Board of Directors;
performance in 2022; c. Monitoring the implementation of the Anti-
b. Overseeing efforts to achieve RBB, especially Fraud Strategy, Anti-Money Laundering and
the achievement of several important aspects Terrorism Financing Prevention Program
of the business plan such as credit distribution, (APUPPT), as well as Know Your Customer
improving asset quality, collecting third party Principles.
funds, productivity and efficiency; d. Ensuring the implementation of GCG principles
c. Conducting a review of the 2023-2025 RBB and practices at all levels by overseeing the
Revision implementation of GCG, reviewing GCG
d. Evaluating the realization of RBB reported implementation reports submitted by the
to the Financial Services Authority every Board of Directors and monitoring the results
semester and submit RBB supervision reports of the GCG self-assessment
to the Financial Services Authority; 8. Evaluated, directed and monitored strategic plans,
e. Reviewing and giving approval for the 2023- the implementation of Information Technology and
2025 RBB. Bank policies for BSI Information Technology.
2. Reviewed the financial information to be released 9. Monitored and evaluated progress made in the
by the Company by the Public Accounting Firm development and management of Human Resources
(KAP) or other external parties; (HR), especially with regard to the strategic function
3. Carried out supervisory functions over the of Human Resources in supporting the achievement
implementation of internal control at BSI, including of Bank performance;
by: 10. Gave approval for matters that need approvals from
a. Ensuring that the implementation of the the Board of Commissioners based on applicable
internal control system at BSI was running well; regulatory provisions and the Company’s Articles
b. Ensuring that the Board of Directors of Association.
had monitored the effectiveness of the 11. Paid visits to Regional Offices, Branch Offices for
implementation of the Internal Audit Work oversight purpose.
Unit (SKAI);
c. Overseeing the implementation of the duties of COMPETENCE DEVELOPMENT OF THE
the Internal Audit Work Unit (SKAI); BOARD OF POLICY COMMISSIONERS
4. Oversaw, monitored and evaluated the Bank’s
Soundness Level per Semester and supported the Training and Competence Development
Board of Directors in taking the necessary steps Policy
to maintain and/or improve the Bank’s Soundness Continuous Education in accordance with the Charter
Level. of the Board of Commissioners of PT Bank Syariah
Indonesia Tbk is:
338 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
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1. Continuous education plans for all Commissioners and members of supporting Committees are contained in the
Board of Commissioners Work Program Plan;
2. Any continuing education carried out outside the predetermined work program shall be submitted to the Board
of Commissioners Meeting to obtain approval from the Meeting;
3. Commissioners and members of the Supporting Committee who have undertaken continuing education shall
submit a report on the results of their education at the Board of Commissioners Meeting or at the Supporting
Committee meeting.
4. Other matters pertaining to accommodation/facilities and protocols during continuing education refer to the
Bank’s applicable internal regulations.
Realization of Competence Development
Name and
No. Training Time Place Organizer
Position
1. Muliaman D. Sharing Session Board Forum Wednesday, May Auditorium Plaza Mandiri Group
Hadad Q1 2023 31 2023 Mandiri
President
Commissioner/ Theme:
Independent "Stronger Financial Industry
Commissioner Through Technology"
Speaker:
- Paulus Bambang WS,
Independent Commissioner
PT United Tractors Tbk
- Dr. Andry Alamsyah, S.Si.,
M.sc., Assosiate Professor
School of Economics and
Business Telkom University
Board Forum Q2 2023 : Thursday, August Best Western Mandiri Group
Empowering Indonesia's Ascent 10 2023 Premier Panbil
Hotel, Batam
Knowledge Sharing Forum Wednesday, The Tower Lt. 6 BSI
(KSF) August 23 2023 Jakarta
Theme:
Gratification Control
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
Top Executive Learning Tuesday, Offline: BSI
Program (TELP) Series 3 September 19 The Tower Lt.6
Theme : “Professional 2023
Judgment and Decision
Making”
Source Person: Prof. Patrick
E. Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Nawasena
Rise To The Future For A Campus
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 339
Page 342
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INDEPENDENT
COMMISSIONER
Name and
No. Training Time Place Organizer
Position
2. Adiwarman BSI Global Islamic Finance February 15-16, Ritz-Carlton BSI
Azwar Karim Summit (GIFS) 2023 2023 Pacific Place
Vice President Jakarta
Commissioner/
Independent
Commissioner
Sharing Session Board Forum February 22, 2023 Assembly Hall 9th Bank Mandiri x Mandiri
Q4 2023 Fl., Mandiri Tower Taspen
Theme: Strategic Foresight In
Creating Our Future
Speakers:
a. Yohanes Sugihtononugroho
- CEO and Co-Founder
CROWDE
b. Emilio Wibisono - CEO and
Founder Sinbad
Top Executive Learning March 8, 2023 Virtual BSU
Program (TELP) - Series I 2023
Keynote Speaker:
Linnea Gandhi
Assistant Professor of
Behavioral Sciences,
Wharton School
APU-PPT Implementation April 13, 2023 Offline, The Tower BSU
Training for BSI Senior 6th Floor
Management in 2023
Keynote Speaker: Head of
PPATK RI
Sharing Session Board Forum Wednesday, May Auditorium Plaza Mandiri Group
Q 1 2023 31, 2023 Mandiri
“Stronger Financial Industry
Through Technology”
Speaker:
- Paulus Bambang WS,
Independent Commissioner
PT United Tractors Tbk
- Dr. Andry Alamsyah, S.Si.,
M.sc., Assosiate Professor
School of Economics and
Business Telkom University
340 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 343
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Board Forum Q2 2023 : Thursday, August Best Western Mandiri Group
Empowering Indonesia’s Ascent 10 2023 Premier Panbil
Hotel, Batam
Knowledge Sharing Forum Wednesday, The Tower Lt. 6 BSI
(KSF) August 23 2023 Jakarta
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
Top Executive Learning Tuesday, Offline: BSI
Program (TELP) Series 3 September 19 The Tower Lt.6
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - - Nawasena
Rise To The Future For A Campus
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
3. Suyanto BSI Global Islamic Finance February 15-16, Ritz-Carlton BSI
Commissioner Summit (GIFS) 2023 2023 Pacific Place
Jakarta
Sharing Session Board Forum February 22, 2023 Assembly Hall Bank Mandiri x Mandiri
Q4 2023 Lt.9, Menara Taspen
Theme: Strategic Foresight In Mandiri
Creating Our Future
Speakers:
a. Yohanes Sugihtononugroho
- CEO and Co-Founder
CROWDE
b. Emilio Wibisono - CEO and
Founder Sinbad
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 341
Page 344
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INDEPENDENT
COMMISSIONER
Name and
No. Training Time Place Organizer
Position
Top Executive Learning March 8, 2023 Virtual BSU
Program (TELP) - Series I 2023
Keynote Speaker:
Linnea Gandhi
Assistant Professor of
Behavioral Sciences,
Wharton School
APU-PPT Implementation April 13, 2023 Offline, The Tower BSU
Training for BSI Senior 6th Floor
Management in 2023
Keynote Speaker: Head of
PPATK RI
Sharing Session Board Forum Wednesday, May Auditorium Plaza Mandiri Group
Q1 2023 31 2023 Mandiri
Theme:
"Stronger Financial Industry
Through Technology"
Speaker:
- Paulus Bambang WS,
Independent Commissioner
PT United Tractors Tbk
- Dr. Andry Alamsyah, S.Si.,
M.sc., Assosiate Professor
School of Economics and
Business Telkom University
Board Forum Q2 2023 : Thursday, August Best Western Mandiri Group
Empowering Indonesia’s Ascent 10 2023 Premier Panbil
Hotel, Batam
Knowledge Sharing Forum Wednesday, Offline, The Tower BSI
(KSF) August 23 2023 6th Floor
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
Top Executive Learning Tuesday, Offline, The Tower BSI
Program (TELP) Series 3 September 19 6th Floor
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
342 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 345
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Nawasena
Rise To The Future For A Campus
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
4. Masduki Top Executive Learning March 8, 2023 Virtual BSU
Baidlowo Program (TELP) - Series I 2023
Komisaris Keynote Speaker:
Linnea Gandhi
Assistant Professor of
Behavioral Sciences,
Wharton School
APU-PPT Implementation April 13, 2023 Offline, The Tower BSU
Training for BSI Senior 6th Floor
Management in 2023
Keynote Speaker: Head of
PPATK RI
Sharing Session Board Forum Wednesday, May Auditorium Plaza Mandiri Group
Q1 2023 31 2023 Mandiri
Theme:
"Stronger Financial Industry
Through Technology"
Speaker:
- Paulus Bambang WS,
Independent Commissioner
PT United Tractors Tbk
- Dr. Andry Alamsyah, S.Si.,
M.sc., Assosiate Professor
School of Economics and
Business Telkom University
Knowledge Sharing Forum Wednesday, Offline, The Tower BSI
(KSF) August 23 2023 6th Floor
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 343
Page 346
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INDEPENDENT
COMMISSIONER
Name and
No. Training Time Place Organizer
Position
Top Executive Learning Tuesday, Offline, The Tower BSI
Program (TELP) Series 3 September 19 6th Floor
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Nawasena
Rise To The Future For A Campus
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
5. Imam Budi BSI Global Islamic Finance February 15-16, Ritz-Carlton BSI
Sarjito Summit (GIFS) 2023 2023 Pacific Place
Commissioner Jakarta
Sharing Session Board Forum February 22, 2023 Assembly Hall 9th Bank Mandiri x Mandiri
Q4 2023 Fl., Mandiri Tower Taspen
Theme: Strategic Foresight In
Creating Our Future
Speakers:
a. Yohanes Sugihtononugroho
- CEO and Co-Founder
CROWDE
b. Emilio Wibisono - CEO and
Founder Sinbad
Top Executive Learning March 8, 2023 Virtual BSU
Program (TELP) - Series I 2023
Keynote Speaker:
Linnea Gandhi
Assistant Professor of
Behavioral Sciences,
Wharton School
APU-PPT Implementation April 13, 2023 Offline, The Tower BSU
Training for BSI Senior 6th Floor
Management in 2023
Keynote Speaker: Head of
PPATK RI
344 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 347
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Sharing Session Board Forum Wednesday, May Auditorium Plaza Mandiri Group
Q 1 2023 31, 2023 Mandiri
“Stronger Financial Industry
Through Technology”
Speaker:
- Paulus Bambang WS,
Independent Commissioner
PT United Tractors Tbk
- Dr. Andry Alamsyah, S.Si.,
M.sc., Assosiate Professor
School of Economics and
Business Telkom University
Knowledge Sharing Forum Wednesday, Offline, The Tower BSI
(KSF) August 23 2023 6th Floor
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
Top Executive Learning Tuesday, Offline, The Tower BSI
Program (TELP) Series 3 September 19 6th Floor
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Nawasena
Rise To The Future For A Campus
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 345
Page 348
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INDEPENDENT
COMMISSIONER
Name and
No. Training Time Place Organizer
Position
6. Sutanto Sharing Session Board Forum February 22, 2023 Assembly Hall 9th Bank Mandiri x Mandiri
Commissioner Q4 2023 Fl., Mandiri Tower Taspen
Theme: Strategic Foresight In
Creating Our Future
Speakers:
a. Yohanes Sugihtononugroho
- CEO and Co-Founder
CROWDE
b. Emilio Wibisono - CEO and
Founder Sinbad
Top Executive Learning March 8, 2023 Virtual BSU
Program (TELP) - Series I 2023
Keynote Speaker:
Linnea Gandhi
Assistant Professor of
Behavioral Sciences,
Wharton School
APU-PPT Implementation April 13, 2023 Offline, The Tower BSU
Training for BSI Senior 6th Floor
Management in 2023
Keynote Speaker: Head of
PPATK RI
Sharing Session Board Forum Wednesday, May Auditorium Plaza Mandiri Group
Q1 2023 31 2023 Mandiri
Theme:
"Stronger Financial Industry
Through Technology"
Speaker:
- Paulus Bambang WS,
Independent Commissioner
PT United Tractors Tbk
- Dr. Andry Alamsyah, S.Si.,
M.sc., Assosiate Professor
School of Economics and
Business Telkom University
Board Forum Q2 2023 : Thursday, August Best Western Mandiri Group
Empowering Indonesia’s Ascent 10 2023 Premier Panbil
Hotel, Batam
Knowledge Sharing Forum Wednesday, Offline, The Tower BSI
(KSF) August 23 2023 6th Floor
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
346 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 349
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Top Executive Learning Tuesday, Offline, The Tower BSI
Program (TELP) Series 3 September 19 6th Floor
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Nawasena
Rise To The Future For A Campus
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
7. Abu Rokhmad PDPS June 15, 2023 Jakarta BSU
Komisaris
Strengthening Commissioner June 24, 2023
Level 1 Risk Management
Commissioner Level 1 Risk July 29, 2023
Management Exam
Board Forum Q2 2023 : Thursday, August Best Western Mandiri Group
Empowering Indonesia’s Ascent 10 2023 Premier Panbil
Hotel, Batam
Knowledge Sharing Forum Wednesday, Offline, The Tower BSI
(KSF) August 23 2023 6th Floor
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
Top Executive Learning Tuesday, Offline, The Tower BSI
Program (TELP) Series 3 September 19 6th Floor
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 347
Page 350
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INDEPENDENT
COMMISSIONER
Name and
No. Training Time Place Organizer
Position
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Kampus
Rise To The Future For A Nawasena
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
8. M. Arief Toefl Preparation Training Saturday, 19 Virtual and Offline BSU
Rosyid Hasan November 2022 at The Tower
Komisaris until Finish (15 x
Independen meetings)
In progress
BSI Global Islamic Finance February 15, 2023 Ritz-Carlton BSI
Summit (GIFS) 2023 Pacific Place
Jakarta
Sharing Session Board Forum February 22, 2023 Assembly Hall 9th Bank Mandiri x Mandiri
Q4 2023 Fl., Mandiri Tower Taspen
Theme: Strategic Foresight In
Creating Our Future
Speakers:
a. Yohanes Sugihtononugroho
- CEO and Co-Founder
CROWDE
b. Emilio Wibisono - CEO and
Founder Sinbad
Top Executive Learning March 8, 2023 Virtual BSU
Program (TELP) - Series I 2023
Keynote Speaker:
Linnea Gandhi
Assistant Professor of
Behavioral Sciences,
Wharton School
APU-PPT Implementation April 13, 2023 Offline, The Tower BSU
Training for BSI Senior 6th Floor
Management in 2023
Keynote Speaker: Head of
PPATK RI
348 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 351
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Sharing Session Board Forum Wednesday, May Auditorium Plaza Mandiri Group
Q1 2023 31 2023 Mandiri
Theme:
"Stronger Financial Industry
Through Technology"
Speaker:
- Paulus Bambang WS,
Independent Commissioner
PT United Tractors Tbk
- Dr. Andry Alamsyah, S.Si.,
M.sc., Assosiate Professor
School of Economics and
Business Telkom University
Board Forum Q2 2023 : Thursday, August Best Western Mandiri Group
Empowering Indonesia’s Ascent 10 2023 Premier Panbil
Hotel, Batam
Knowledge Sharing Forum Wednesday, Offline, The Tower BSI
(KSF) August 23 2023 6th Floor
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
Top Executive Learning Tuesday, Virtual Zoom BSI
Program (TELP) Series 3 September 19
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Nawasena
Rise To The Future For A Campus
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 349
Page 352
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INDEPENDENT
COMMISSIONER
Name and
No. Training Time Place Organizer
Position
9. Komaruddin 2023 Financial Services Monday, 6 Grand Ballroom OJK
Hidayat Industry Annual Meeting February 2023 Shangri-la Hotel
Independent “Strengthening the Financial
Commissioner Services Sector in Maintaining
Economic Growth”
BSI Global Islamic Finance February 15-16, Ritz-Carlton BSI
Summit (GIFS) 2023 2023 Pacific Place
Jakarta
Sharing Session Board Forum February 22, 2023 Assembly Hall 9th Bank Mandiri x Mandiri
Q4 2023 Fl., Mandiri Tower Taspen
Theme: Strategic Foresight In
Creating Our Future
Speakers:
a. Yohanes Sugihtononugroho
- CEO and Co-Founder
CROWDE
b. Emilio Wibisono - CEO and
Founder Sinbad
Top Executive Learning March 8, 2023 Virtual BSU
Program (TELP) - Series I 2023
Keynote Speaker:
Linnea Gandhi
Assistant Professor of
Behavioral Sciences,
Wharton School
APU-PPT Implementation April 13, 2023 Offline, The Tower BSU
Training for BSI Senior 6th Floor
Management in 2023
Keynote Speaker: Head of
PPATK RI
Board Forum Q2 2023 : Thursday, August Best Western Mandiri Group
Empowering Indonesia’s Ascent 10 2023 Premier Panbil
Hotel, Batam
Knowledge Sharing Forum Wednesday, Offline, The Tower BSI
(KSF) August 23 2023 6th Floor
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
Top Executive Learning Tuesday, Virtual Zoom BSI
Program (TELP) Series 3 September 19
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
350 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 353
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Kampus
Rise To The Future For A Nawasena
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
10. Mohamad Sharing Session Board Forum February 22, 2023 Assembly Hall 9th Bank Mandiri x Mandiri
Nasir, Q4 2023 Fl., Mandiri Tower Taspen
Independent Theme: Strategic Foresight In
Commissioner Creating Our Future
Speakers:
a. Yohanes Sugihtononugroho
- CEO and Co-Founder
CROWDE
b. Emilio Wibisono - CEO and
Founder Sinbad
Top Executive Learning March 8, 2023 Virtual BSU
Program (TELP) - Series I 2023
Keynote Speaker:
Linnea Gandhi
Assistant Professor of
Behavioral Sciences,
Wharton School
APU-PPT Implementation April 13, 2023 Offline, The Tower BSU
Training for BSI Senior 6th Floor
Management in 2023
Keynote Speaker: Head of
PPATK RI
Sharing Session Board Forum Wednesday, May Auditorium Plaza Mandiri Group
Q1 2023 31 2023 Mandiri
Theme:
"Stronger Financial Industry
Through Technology"
Speaker:
- Paulus Bambang WS,
Independent Commissioner
PT United Tractors Tbk
- Dr. Andry Alamsyah, S.Si.,
M.sc., Assosiate Professor
School of Economics and
Business Telkom University
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 351
Page 354
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INDEPENDENT
COMMISSIONER
Name and
No. Training Time Place Organizer
Position
Board Forum Q2 2023 : Thursday, August Best Western Mandiri Group
Empowering Indonesia’s Ascent 10 2023 Premier Panbil
Hotel, Batam
Knowledge Sharing Forum Wednesday, Offline, The Tower BSI
(KSF) August 23 2023 6th Floor
Theme:
Gratification Control
Top Executive Learning Thursday, August via Online : BSI
Program (TELP) - Series II: 24 2023 Zoom Webinar
Culture of Innovation
KSF Capital Markets for the Monday, The Tower BSI
Board of Commissioners September 18
2023
Top Executive Learning Tuesday, Virtual Zoom BSI
Program (TELP) Series 3 September 19
Theme : “Professional 2023
Judgment and Decision
Making”
Speaker : Prof. Patrick E.
Hopkins – Professor of
Accounting, Kelley School of
Business, Indiana University
Board Forum Q3 – 2023 Wednesday, Mandiri University Mandiri Group
Mandiri Group November 1, 2023 - Nawasena
Rise To The Future For A Campus
Stronger Indonesia
Sharing Session: Political and
Business Outlook 2024
1. Exposure from Mr. Yunarto
Wijaya – Charta Politika
2. Exposure from Mr. Yozua
Makes – Makes and Partners
3. Panel Discussion
4. QnA
352 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 355
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
ASSESSMENT OF THE BOARD OF COMMISSIONERS PERFORMANCE
Performance Assessment Based on the GMS
The performance of the Board of Commissioners is assessed through self-assessment. The results are reported and
accounted for at the GMS.
Procedures for Conducting the Assessment of the Board of Commissioners Performance
The procedures for assessing the performance of the Board of Commissioners through the GMS are as follows:
1. The Board of Commissioners shall submit a report on its own performance for evaluation by Shareholders at the
GMS.
2. The performance of the Board of Commissioners shall be determined based on predetermined indicators in
accordance with its duties and obligations.
3. The results of the self-assessment of the performance of each Member of the Board of Commissioners serves
as one of the basic considerations for Shareholders to dismiss and/or reappoint the Member of the Board of
Commissioners concerned. The results of the performance evaluation are a means of assessing and increasing
the effectiveness of the Board of Commissioners.
The Party Authorized to Make Assessment
The Board of Commissioners made an independent assessment of its own performance during 2023 (self-assessment).
Criteria and Results of Assessment of the Board of Commissioners Performance
No. Indicator Assessment Weight Achievement
1 The Board of Commissioners shall hold at least 4 (four) regular Meetings in 1 10% 100%
(one) year.
2 The Board of Commissioners shall hold at least 4 (four) regular joint meetings 10% 100%
with the Board of Directors in 1 (one) year.
3 The Board of Commissioners shall hold at least 1 (one) regular joint Meetings 10% 100%
with the Supervisory Board (DPS) in 1 (one) year.
4 The Board of Commissioners shall increase knowledge, skills and abilities 10% 100%
through at least 1 (one) participation in seminars/training that suits their field
of duties in 1 (one) year.
5 The Board of Commissioners shall pay at least 2 (tow) visits to branches/regions 10% 100%
for supervisory purpose in 1 (one) year.
6 The Board of Commissioners shall make at least 4 (four) evaluations on Bank 10% 100%
Syariah Indonesia’s performance in 1 (one) year.
7 The Board of Commissioners shall prepare and submit at least 2 (tow) Bank 10% 100%
Business Plan Supervision Reports to the Regulator in 1 (one) year.
8 The Board of Commissioners shall review, evaluate and give approval for matters 10% 100%
that must obtain its approval s based on applicable regulatory provisions and the
Company’s Articles of Association.
9 The Board of Commissioners shall ensure that the principles and practices of 10% 100%
Good Corporate Governance are implemented at all levels of the organization
10 The Board of Commissioners shall ensure that its supporting committees, 10% 100%
namely the Audit Committee, Risk Monitoring Committee, Nomination and
Remuneration Committee have carried out their duties and functions well and
effectively in accordance with applicable regulations.
The following are some of the indicators that are measured in carrying out the
duties and functions of the Board of Commissioners supporting Committees:
• Implementation of Committee Meetings and Committee Work Plans.
• Level of attendance and participation in Committee Meetings
• Submission of Review Results to the Board of Commissioners
• Timely preparation and submission of Committee Reports
Assessment of the Board of Commissioners Performance through GCG Self-assessment in
accordance with OJK Regulations
This performance assessment of the Board of Commissioners refers to Financial Services Authority Circular Letter No.
10/SEOJK.03/2014 concerning Health Level Assessment of Sharia Commercial Banks and UUS. The self-assessment
is conducted every semester, and the results are reported to the OJK for approval.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 353
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INDEPENDENT
COMMISSIONER
Assessment Procedures Control System), as well as the effectiveness of audits
The assessment of the Board of Commissioners by internal and external auditors. Throughout 2023,
performance is part of the implementation of the Bank’s the Audit Committee has carried out its duties and
GCG self-assessment made every semester. This means responsibilities well. The Audit Committee held 18
that the procedure follows the Bank’s GCG assessment. meetings and carried out its duties, including:
1. Reviewing the implementation of audits by internal
Criteria of Assessment on Board of Commissioners auditors and external auditors, and overseeing the
Performance implementation of follow-up actions by the Board
The criteria for self-assessment by the Board of of Directors on auditor’s findings.
Commissioners on GCG implementation are divided into 2. Giving recommendations to the Board of
3 (three) groups: Governance Structure, Governance Commissioners on the appointment of a Public
Process and Governance Outcome. Governance Accountant and KAP for the 2023 financial year
structure consists of 14 indicators, Governance Process audit.
17 and governance outcomes 6 (six) indicators.
Nomination and Remuneration Committee
The Party Assigned to Make Assessment of the The Nomination and Remuneration Committee has
Board of Commissioners Performance the duty and responsibility to assist the Board of
The parties assigned to make the GCG self- Commissioners in implementing areas related to the
assessment (including the assessment of the Board remuneration and nomination of members of the Board
of Commissioners) are the Board of Directors and the of Directors and Board of Commissioners. Throughout
Board of Commissioners, which must obtain approval 2023, the Nomination and Remuneration Committee
and supervision from the OJK. has effectively carried out its duties and responsibilities.
The Nomination and Remuneration Committee held 3
Results of Assessment of the Board of (three) meetings and carried out its duties, including:
Commissioners Performance 1. Proposing Remuneration for the Management of
The results of the self-assessment of the implementation PT Bank Syariah Indonesia Tbk.
of Good Corporate Governance in 2023 fell under 2 2. Proposing Changes to the Management of PT Bank
(“Good”). Syariah Indonesia Tbk.
Assessment of Performance of BoC Supporting Risk Monitoring Committee
Committees and Basis for Assessment The Risk Monitoring Committee has the duties and
Until the end of the 2023 financial year, the Board of responsibilities to oversee and give advice to the
Commissioners had 3 (three) committees to assist it in Board of Directors on the Bank’s risk management.
carrying out its oversight function. These committees Throughout 2023, the Risk Monitoring Committee has
are: effectively carried out its duties and responsibilities.
1. Audit Committee The Risk Monitoring Committee held 12 meetings and
2. Nomination and Remuneration Committee carried out its duties, including:
3. Risk Monitoring Committee 1. Evaluating the conformity of risk management
policies to the implementation of Bank policies.
Criteria and Results of Assessment 2. Monitoring and evaluating the implementation of
of Committees under the Board of the duties of the Risk Management Committee and
Commissioners the risk management work unit.
Audit Committee
The Audit Committee has the duty and responsibility
to assist the Board of Commissioners in overseeing
the Bank, especially in matters related to financial
information, the internal control system (Internal
354 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Sharia
Supervisory Board
The Sharia Supervisory Board (DPS) is the Bank’s a. Assessing and ensuring adherence to Sharia
organizational body tasked with giving advice and Principles for operational and product
suggestions to the Board of Directors and overseeing guidelines issued by the Bank;
the Bank’s activities to ensure adherence to sharia b. Overseeing the Bank’s new product
principles. The functions should keep the Bank’s development process to ensure it adheres
products, services, and operations in line with sharia to the fatwa of the National Sharia Council –
principles. DPS also ensures the National Sharia Indonesian Ulema Council;
Council’s fatwa is applied at the Bank. In discharging c. Requesting a fatwa from the National Sharia
its duties, DPS works with the Compliance Unit (SKKP) Council – Indonesian Ulema Council for the
and Internal Audit Unit (SKAI) to ensure the Bank’s Bank’s new products for which a fatwa had
adherence to sharia principles. The DPS is appointed never been issued;
and ratified through the GMS in accordance with d. Conducting regular reviews of the fulfillment
recommendations from the National Sharia Council of of Sharia Principles in the raising fund and
the Indonesian Ulema Council (DSN MUI). channeling fund mechanism as well as Bank
services; and
DUTIES AND RESPONSIBILITIES 2. Request data and information related to sharia
The duties and responsibilities of the Sharia Supervisory aspects from the Bank’s work units in the context of
Board are described as follows: how the carry out their duties.
1. The duties and responsibilities of the Sharia 3. Submit Reports of Oversight Results to the Sharia
Supervisory Board are to give advices and Supervisory Board on a semi-annual basis.
suggestions to the Board of Directors and oversee
the Bank’s activities to ensure they are in adherence COMPOSITION AND BASIS OF
to Sharia Principles, which involves: APPOINTMENT
In 2023, the BSI Sharia Supervisory Board had 4
(four) members, consisting of 1 (one) Chairman and 3
(three) members of the Sharia Supervisory Board. The
composition and basis for the appointment of the Sharia
Supervisory Board can be seen in the table below.
Composition of the Sharia Supervisory Board
Period of
Name Position Basis of Appointment Effective Date
Office
Dr. KH. Hasanudin, M.Ag Chairman Deed No. 42 dated May 31, 2021 May 6, 2021 2021-2024
Dr. H. Mohamad Hidayat Member Deed No. 42 dated May 31, 2021 May 6, 2021 2021-2024
Dr. H. Oni Sahroni, MA Member Deed No. 92 dated December 15, 2020 February 1, 2021 2021-2024
Prof. DR. KH. Didin Hafidhuddin, M.Sc Member Deed No. 92 dated December 15, 2020 February 1, 2021 2021-2024
MECHANISM OF SHARIA SUPERVISORY BOARD RESIGNATION
Bank Indonesia Regulation (PBI) No. 11/33/PBI/2009 concerning the Implementation of Good Corporate Governance
for Sharia Commercial Banks and Sharia Business Units, Part Four Sharia Supervisory Board Paragraph 1 Requirements
for the Sharia Supervisory Board, Article 45 (1) states that “the appointment and/or replacement of members of
the Sharia Supervisory Board shall be proposed at the General Meeting of Shareholders with due consideration on
recommendations of the Nomination and Remuneration Committee”.
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CONCURRENT POSITION OF THE SHARIA SUPERVISORY BOARD
Policy
DPS members may assume concurrent positions as DPS members at a maximum of 4 (four) other sharia financial
institutions.
Recapitulation of Concurrent Positions
Name Position Position at other companies/agencies Institution Name
Dr. KH. Hasanudin, M.Ag Chairman Member of the Sharia Supervisory Board PT Bank Danamon Indonesia Sharia
Business Unit
Chairman of the Sharia Supervisory Board PT Toyota Astra Finance Services
Chairman of the Sharia Supervisory Board PT Trimegah Asset Management
Chairman of the Sharia Supervisory Board PT Sarana Multigriya Finansial (Persero)
Dr. H. Mohamad Hidayat Member Member of the Sharia Supervisory Board Sharia Business Unit of PT Bank Tabungan
Negara (Persero) Tbk
Chairman of the Sharia Supervisory Board PT Asuransi BRI Life Sharia Business Unit
Chairman of the Sharia Supervisory Board Sharia Business Unit of PT Asuransi Jiwa
Manulife Indonesia
Member of the Sharia Supervisory Board Sharia Business Unit of PT Asuransi Allianz
Life Indonesia
Dr. H. Oni Sahroni, MA Member Member of the Sharia Supervisory Board PT BNP Paribas Investment Partners
Prof. DR. KH. Didin Member Chairman of the Sharia Supervisory Board PT PNM Invest Management
Hafidhuddin, M.Sc
Chairman of the Sharia Supervisory Board BPRS Amanah Ummah Bogor
Chairman of the Sharia Supervisory Board PT Permodalan Nasional Madani (Persero)
SHARIA SUPERVISORY BOARD MEETING
Throughout 2023, the Sharia Supervisory Board held 31 meetings. Details are outlined in the table below.
Frequency and Attendance Rate
Name Position Number of Meetings Total Attendance Attendance Rate
Dr. KH. Hasanudin, M.Ag Chairman 31 31 100%
Dr. H. Mohamad Hidayat Member 31 31 100%
Dr. H. Oni Sahroni, MA Member 31 31 100%
Prof. DR. KH. Didin Hafidhuddin, M.Sc Member 31 31 100%
356 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Meeting Agenda
No. Date Agenda
1 Wednesday, January 4 2023 1. Commodity Trading Certificate Based on Interbank Sharia Principles (SIKA)
2. Commodity Murabahah Bank to Bank Financial Institution
2 Thursday, January 12 2023 Cashback Program
3 Wednesday, January 25 2023 1. KUR PMI and PMI Products special for MMQ Refinancing to Related Party Assets
2. Implementation of BSI Digital CS Services
4 Wednesday, February 8 2023 Sharia Multi Spot Simple Hedging
5 Friday, February 17 2023 1. Review of MMQ Griya Financing Ujrah Scheme
2. Top Up House Financing Using the MMQ Contract Scheme
6 Wednesday, March 1, 2023 1. Business Process for Opening Online BSI Sharia Securities Savings Accounts for
Customer Funds
2. Review of Ujrah in Ijarah-Based Contracts
7 Friday, March 17 2023 Gift Party
8 Wednesday, March 29 2023 1. Joint Financing Program Plan for Pension and Pre-Retirement Financing with BPD
Syariah/Other Sharia Financial Institutions
2. The Use of the MMQ-IMFZ Agreement for Distribution of Indent House Financing
9 Wednesday, April 5 2023 1. Sharia Complex Hedging Instruments for Exchange Rates
2. Plan to Provide Financing Facilities to Securities Companies
10 Wednesday, May 17 2023 1. Issuance of BSI Sustainable Sukuk for Tapera
2. Replacement of Financing Customers Who Die (Novation)
11 Wednesday, May 24 2023 1. Sharia RDN Securities Savings
2. Deposito On Call
12 Wednesday, June 7 2023 BSI Subordinated Sukuk Issuance 2023
13 Wednesday, June 21 2023 Account Agency Services (Escrow Agent) in the Syndicated Financing Scheme for PT
Eka Mas Republik (EMR)
14 Monday, June 26 2023 Cash Withdrawal from Electronic Wallet Balance via the BSI ATM/CRM Network
15 Wednesday, July 5 2023 Sharia Money Market Instruments through the Wakalah bi Al Istitsmar Contract
Scheme with the Ministry of Finance as the Counterpart
16 Thursday, July 27 2023 1. Quarterly Update on SKAI Audit Results related to Sharia Aspects
2. Request for Opinion on Synergy Shared Services Mitraguna Financing Process with
BMRI
17 Wednesday, August 2 2023 Cooperation in Risk Participation Transaction
18 Wednesday, August 9 2023 1. Pick Up Service
2. Shipping Guarantee
3. Shared Service Collaboration Plan with BMRI
19 Thursday, August 30 2023 1. BI-S4 Sub Registry
2. Cash Waqf Link Deposit (CWLD) product
3. Salam and Samsaroh Scheme (Sales and Receipt of Payment)
4. Al-Bai’ and Wakalah Scheme
20 Wednesday, September 13 2023 1. PEF (Pre Export Financing) with Salam and Samsaroh (Sales and Receipt of Payment)
Agreements
2. Al-Bai’ and Wakalah (Sales) Contract Export Scheme
3. UPAS/UPAU Financing
4. Confirming Bank
21 Wednesday, September 20 2023 1. Updates on Egypt Training Progress
2. UPAS/UPAU Financing
22 Thursday, September 27 2023 1. Use of Digital Farmer Cards with the Direct Fertilizer Assistance (BLP) Mechanism
in the Subsidized Fertilizer Distribution Program in Aceh
2. Synergy with Bank Mandiri
23 Wednesday, October 4 2023 1. Bank Confirming Scheme
2. Joint Financing Scheme with Sharia Multifinance
24 Wednesday, October 18 2023 1. Closing hours for branch services during Friday prayers
2. Shared Service Safekeeping
3. Notional Pooling
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No. Date Agenda
25 Friday, October 25 2023 1. DPS Meeting on Ratification of the 2023 BSI Subordinated Mudharobah Sukuk
Issuance Agreement
2. Conventional Guarantee
3. Giving rewards to customers who actively distribute ZISWAF via BSI Mobile
26 Friday, November 8, 2023 Trade Finance Fees (Import Transactions)
27 Wednesday, November 15 2023 Discussion on Submission of Audit Findings Related to Sharia Aspects for Quarter III
2023
28 Wednesday, November 22 2023 Financing Collaboration with Bank Mandiri in Mitraguna Shared Service Retail
Consumptive
29 Friday, December 8, 2023 Initial Discussion of Dubai Commodity Murabahah
30 Wednesday, December 13 2023 1. BSI OTO
2. PO Financing
3. Notional Pooling
31 Wednesday, December 27 2023 Sustainable Sukuk Mudharabah PT BSI Tbk Tahun 2024
IMPLEMENTATION OF THE DUTIES OF b. Determining the number of sample tests
THE SHARIA SUPERVISORY BOARD (samples) of transactions to be verified with
The Sharia Supervisory Board implements its duties and due attention to the quality of implementation
responsibilities through e.g.: of Sharia Principles in each of the activities;
1. Overseeing the Bank’s new product development c. Verifying transaction documents that are
process; in the form of: sample tested to see adherence to Sharia
a. Request for an explanation from authorized Principles as required in the SOP, including:
Bank officials regarding the objectives, 1) whether or not there is proof of purchase
characteristics and contracts used in the new of goods, for the murabahah contract as
product to be issued; proof of meeting the terms in murabahah
b. Examination to see whether the contract sale and purchase;
used in the new product has a fatwa from the 2) whether or not there is a customer business
National Sharia Council-Indonesian Ulema report, for mudharabah/musyarakah
Council. contracts, as a basis for calculating profit
1) Reviewing systems and procedures for sharing distribution;
new products to be issued in relation to d. Making inspections, observations, requests for
adherence to Sharia Principles; And information and/or confirmation from Bank
2) Giving sharia opinions on new products to employees and/or customers to strengthen the
be released. results of document checks as referred to in letter
c. Review of systems and procedures for new c., if necessary;
products to be issued in relation to compliance e. Conducting reviews of SOPs related to sharia
with Sharia Principles; And aspects to see indications of non-compliance with
d. Sharia opinions given on new products to be the implementation of Sharia Principles for the
released. activities in question;
2. Overseeing Bank activities. f. Giving sharia opinions on fund collection and
a. Analyzing reports submitted by and/or distribution activities as well as Bank services; And
requested from the Board of Directors, g. Reporting the results of the supervision of the
implementing the internal audit function and/ Sharia Supervisory Board to the Board of Directors
or compliance function to determine the quality and Board of Commissioners.
of implementation of compliance with Sharia
Principles for fund collection and distribution
activities as well as Bank services;
358 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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DPS Picking Test for the January 1, 2023-December 31, 2023 period
No. Date BSI Location/Branch Office
1 - January 8-11 2023 - Kudus A Yani 1
- January 8-11 2023 - Semarang
- January 18-24 2023 - Jember Sudirman
- January 18-24 2023 - Surabaya
2 - February 8-11, 2023 - Pematangsiantar
- February 8-11, 2023 - Medan
- February 13-14 2023 - Tangerang Hasyim Ashari
- February 13-14 2023 - Jakarta 1
- February 23-24 2023 - Bogor
- February 23-24 2023 - Jakarta 2
3 - March 5-8 2023 - Tasikmalaya
- March 5-8 2023 - Bandung
- March 16-17 2023 - Bandar Lampung Diponegoro
- March 16-17 2023 - Palembang
4 - April 3-6 2023 - Bengkulu
- April 3-6 2023 - Jambi
5 - May 2-5 2023 - Purwakarta
- May 2-5 2023 - Bandung Juanda
- May 8-11, 2023 - Pontianak Abdurrachman
- May 8-11, 2023 - Banjarmasin Lambung Mangkurat
- May 8-11, 2023 - Banjarmasin
6 - June 7-8, 2023 - Kediri Hasanudin
- June 5-6 2023 - Mataram Hasanudin
- June 14-16, 2023 - Yogyakarta Kaliurang
- June 12-13, 2023 - Solo Slamet Riyadi 1
- June 12-14, 2023 - Surabaya Dharmawangsa
- 19- 24 June 2023 - Lhokseumawe
- 19-24 June 2023 - Sigli
- 19-24 June 2023 - Aceh
7 - July 17-18, 2023 - Makassar
- July 20-21, 2023 - Jayapura
- July 17-18, 2023 - Makassar
- 24-26 July 2023 - Pekanbaru
- 11-14 July 2023 - Jakarta Fatmawati
- 11-14 July 2023 - Jakarta Tebet Barat
8 - August 7 - 9 2023 - Cilacap A yani
- August 7 - 9 2023 - Kendal Soetta
- August 9 - 12 2023 - Gorontalo
- August 14 - 17 2023 - Surabaya Gresik Kartini
- August 14 - 17 2023 - Malang Batu
9 - September 4-6 2023 - Binjai
- September 4-6 2023 - Medan Adam Malik
- September 15-16 2023 - Cirebon Sisingamangaraja
- September 11-13 2023 - Tapaktuan
- September 20-23 2023 - Pangkalpinang
- September 25-26 2023 - Jakarta Pemuda
- September 25-26 2023 - Bekasi Cikarang
10 - October 4-7, 2023 - Bukit Tinggi Sudirman 1
- October 16-18, 2023 - Samarinda Antasari
11 - November 6-8, 2023 - Batam
- November 20-21, 2023 - Denpasar
- November 28, 2023 - Tangerang Bintaro
- November 28, 2023 - Tangerang Ciledug
- November 13-14, 2023 - Jakarta Bendungan Hilir
12 - December 4, 2023 - December 4, 2023
- December 6, 2023 - December 6, 2023
- December 7-10, 2023 - December 7-10, 2023
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Recapitulation of Directions and Recommendations of the Sharia Supervisory Board
No. DPS Opinion Title Register No. Date
1 DPS Opinion on Interbank Financial Transactions with the 07/BSI/DPS/OPINI/I/2023 January 4, 2023
Murabahah Commodity and Wakalah Bil Istitsmar Schemes
2 DPS Opinion on Commodity Trading Certificates Based on 08/BSI/DPS/OPINI/I/2023 January 4, 2023
Interbank Sharia Principles (SIKA)
3 DPS opinion on the BSI Debit Transaction Cashback Program 06/BSI/DPS/OPINI/I/2023 January 12, 2023
4 DPS Opinion on Ratification of the Gold-Backed Al-Qardh 01/BSI/DPS/OPINI/I/2023 January 12, 2023
Contract Template, Gold Pawn Application Form and Gold Pawn
Proof
5 DPS Opinion on the Extension of the Period of Bailout Facilities 02/BSI/DPS/OPINI/I/2023 January 18, 2023
for Palm Oil Plasma Partner Customer Operations prior to
harvesting (TBM)
6 DPS Opinion on the Financial Report of PT Bank Syariah Indonesia 03/BSI/DPS/OPINI/I/2023 January 18, 2023
Tbk for the December 31, 2022 Period
7 DPS Opinion on KUR Financing for Indonesian Migrant Workers 04/BSI/DPS/OPINI/I/2023 January 25, 2023
8 DPS Opinion on Account Opening, Card Change and Card 05/BSI/DPS/OPINI/I/2023 January 25, 2023
Retrieval Services at Digital CS Machines
9 DPS opinion on the Regional Government Credit Card (KKPD) BSI 09/BSI/DPS/OPINI/II/2023 February 10, 2023
Hasanah KKPD GPN
10 DPS Opinion on Asset Securitization Transactions (Sharia Asset 10/BSI/DPS/OPINI/II/2023 February 17, 2023
Backed Securities - Participation Letter [EBAS-SP])
11 DPS Opinion on Top Up of Musyarakah Mutanaqishah (MMQ) 11/BSI/DPS/OPINI/II/2023 February 17, 2023
and Al-Ijarah Al-Muntahiyyah Bi Al-Tamlik (IMBT) Financing
Agreements
12 DPS Opinion on Ratification of Product Manual Templates and 12/BSI/DPS/OPINI/I/2023 January 25, 2023
General Conditions for Opening Accounts at CS Digital Machine
Service Facilities
13 DPS opinion on Multi Spot Islamic Hedging 14/BSI/DPS/OPINI/II/2023 February 8, 2023
14 DPS Opinion on the Ratification of BSI Hasanah KKPD Product 15/BSI/DPS/OPINI/II/2023 February 10, 2023
Manual Templates and Regional Government Credit Card Forms
(KKPD)
15 DPS Opinion on the Ratification of the Simplification of 13/BSI/DPS/OPINI/III/2023 March 10, 2023
Mudharabah and Musyarakah Agreement Templates for the
Wholesale Segment
16 DPS Opinion on the Prize Party 16/BSI/DPS/OPINI/III/2023 Mach 17, 2023
17 DPS opinion on Joint Financing between BSI and LKS & Sharia 17/BSI/DPS/OPINI/III/2023 March 29, 2023
Cooperatives
18 DPS Opinion on Sharia Compliance in Sharia Complex Hedging 18/BSI/DPS/OPINI/IV/2023 April 12, 2023
Transactions
19 DPS Opinion on Sharia Compliance in the Musyarakah 19/BSI/DPS/OPINI/IV/2023 April 13, 2023
Mutanaqishah - Ijarah Maushufah Fi Al-Dzimmah Agreement for
Distribution of Indent House Financing
20 DPS Opinion on Financing to Securities Companies 20/BSI/DPS/OPINI/V/2023 May 15, 2023
21 DPS Opinion on Ratification of the Sharf Agreement 21/BSI/DPS/OPINI/V/2023 May 17, 2023
Documentation Template in Simple Sharia Hedging Transactions
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No. DPS Opinion Title Register No. Date
22 DPS Opinion on the Issuance of BSI Sukuk Without a Sustainable 22/BSI/DPS/OPINI/V/2023 May 17, 2023
Public Offering
23 DPS Opinion on Sharia Compliance with Proposed Replacement 23/BSI/DPS/OPINI/V/2023 May 17, 2023
of Financing Customers Who Die by Their Heirs
24 DPS Opinion on Foreign Currency On Call Deposits 24/BSI/DPS/OPINI/V/2023 May 24, 2023
25 DPS Opinion on the Business Process for Opening Online BSI 30/BSI/DPS/OPINI/V/2023 May 24, 2023
Sharia Securities Savings for Customer Fund Accounts
26 DPS Opinion on the Ratification of the Long Term Sukuk 25/BSI/DPS/OPINI/VI/2023 June 7, 2023
Mudharabah Muqayyadah Issuance Agreement Document
Template without the Public Offering I of PT Bank Syariah
Indonesia Tbk in 2023 Phase I
27 DPS opinion on the 2023 Mudharabah Subordinated Sukuk 26/BSI/DPS/OPINI/VI/2023 June 7, 2023
Issuance Plan
28 DPS opinion on Cash Withdrawals from Bank Partner Electronic 28/BSI/DPS/OPINI/VI/2023 June 26, 2023
Wallet Balances via BSI ATMs
29 DPS Opinion on Ratification of the Wholesale Segment 31/BSI/DPS/OPINI/VII/2023 July 5, 2023
Murabahah Agreement Documentation Template
30 DPS Opinion on Sharia Money Market Instruments through the 32/BSI/DPS/OPINI/VII/2023 July 5, 2023
Bi Al Istitsmar Wakalah Agreement Scheme with the Ministry of
Finance Counterpart
31 DPS Opinion on the Ratification of the BSI Superapp Product 27/BSI/DPS/OPINI/VII/2023 July 10, 2023
Manual Template
32 DPS Opinion on Cash Pick Up Services 33/BSI/DPS/OPINI/VIII/2023 August 9, 2023
33 DPS Opinion on the Ratification of Sharia Securities Re-Purchase 35/BSI/DPS/OPINI/VIII/2023 August 18, 2023
Order (REPO) Documentation Template
34 DPS Opinion on Ratification of the Wakalah Bi Al-Istitsmar 36/BSI/DPS/OPINI/VIII/2023 August 21, 2023
Agreement Template for State Sharia Securities
35 DPS Opinion on Sharia Compliance with Cash Waqf Link Deposit 34/BSI/DPS/OPINI/VIII/2023 August 30, 2023
(CWLD) Products
36 DPS Opinion on the BI-SSSS SUB Registry Participation Plan 37/BSI/DPS/OPINI/IX/2023 August 30, 2023
37 DPS Opinion on the Qardh Agreement Template with Gold Pawn 47/BSI/DPS/OPINI/IX/2023 September 8, 2023
Guarantee (Rahn)
38 DPS Opinion on the Musyarakah Import LC Scheme 40/BSI/DPS/OPINI/IX/2023 September 13, 2023
39 DPS Opinion on the LC Import Wakalah Bil Ujroh and Mudharabah 41/BSI/DPS/OPINI/IX/2023 September 13, 2023
Scheme - 13 September
40 DPS Opinion on Pre-Export Financing (PEF) Salam and Wakalah 42/BSI/DPS/OPINI/IX/2023 September 13, 2023
(Sales)
41 DPS opinion on Shipping Guarantee 43/BSI/DPS/OPINI/IX/2023 September 13, 2023
42 DPS Opinion on the Al-Bai' and Wakalah (Sales) Export Scheme 44/BSI/DPS/OPINI/IX/2023 September 13, 2023
43 DPS opinion on the Financial Statements of PT Bank Syariah 38/BSI/DPS/OPINI/IX/2023 September 15, 2023
Indonesia
44 DPS opinion on the UPAS/UPAU LC Financing Scheme 45/BSI/DPS/OPINI/IX/2023 September 20, 2023
45 DPS Opinion on Shared Service Collaboration between PT. BSI 50/BSI/DPS/OPINI/IX/2023 September 27, 2023
Tbk, with PT. BMRI Tbk for RTGS, SKN, BI-FAST & SWIFT and RSA
Archer Payment Systems
46 DPS Opinion on the Digital Farmer Card Direct Fertilizer 51/BSI/DPS/OPINI/IX/2023 September 27, 2023
Assistance Mechanism for Subsidized Fertilizer Distribution
Program in Aceh
47 DPS Opinion on Joint Financing Schemes with Sharia Multifinance 46/BSI/DPS/OPINI/X/2023 October 4, 2023
Partners
48 DPS Opinion on the Bank Confirming Scheme 54/BSI/DPS/OPINI/X/2023 October 4, 2023
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No. DPS Opinion Title Register No. Date
49 DPS Opinion on the Synergy of Temporary Utilization of Bank 52/BSI/DPS/OPINI/X/2023 October 18, 2023
Mandiri's Assets in the Context of the Safe Keeping Process for
BSI Documents
50 DPS opinion on the Financial Statements of PT Bank Syariah 39/BSI/DPS/OPINI/X/2023 October 18, 2023
Indonesia
51 DPS Opinion on Cooperation with Conventional Guarantee 49/BSI/DPS/OPINI/X/2023 October 25, 2023
Insurance for Bank contra Guarantee Products
52 DPS Opinion on Ratification of Subordinated Mudharabah Sukuk 48/BSI/DPS/OPINI/X/2023 October 30, 2023
Issuance
53 DPS Opinion on Trade Finance Tariff Structure (Import 55/BSI/DPS/OPINI/XI/2023 November 8, 2023
Transactions)
54 DPS Opinion on Shared Service Collaboration between PT BSI 53/BSI/DPS/OPINI/XI/2023 November 28, 2023
Tbk, and PT BMRI Tbk for the Implementation of Mitraguna
Products
55 DPS Opinion on the Ratification of Documents Related to Product 56/BSI/DPS/OPINI/XII/2023 December 19, 2023
Manuals, Mock Ups, General Terms and Conditions for Electronic
Sharia Mutual Fund Transactions
SHARIA SUPERVISORY BOARD COMPETENCE DEVELOPMENT
Competence Development Policy
Pursuant to Financial Services Authority Regulation (POJK) No. 24 of 2022 concerning the Development of the
Quality of Human Resources for Commercial Banks, banks shall develop the quality of Human Resources (HR). The
referred development involves competence development in the technical, non-technical, and leadership areas.
Therefore, BSI provides support to its Sharia Supervisory Board (DPS) in participating in competence development.
Other matters pertaining to accommodation, facilities, and protocols during education refer to the Bank’s applicable
internal regulations.
362 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
Realization of Competence Development
Name and
No. Training Time Place Organizer
Position
1. Hasanudin BSI Global Islamic Finance February 15-16, The Ritz Carlton, BSI
Chairman of Summit (GIFS) 2023 2023 SCBD
the Sharia
Workshop March 8-9, 2023 Denpasar Bali OJK-DSN
Supervisory
Board Knowledge Sharing Forum August 23, 2023 Offline: BSU
(KSF) The Tower Lt. 6
Theme: Jakarta
Gratification Control
Leadership Forum.
Agenda: Discussion on
the implementation of
resource sponsorship & grant
management
Pra Ijtima’ Sanawi (Annual September 4, Hotel Mercure DSN MUI
meeting) DPS VIII for Sharia 2023 Jakarta Batavia
Commercial Banks and Sharia
Business Units
Top Executive Learning September 19, Auditorium lt.6 BSI
Program (TELP) Series III 2023 2023 The Tower
Ijtima' Sanawi (Annual Meeting) October 13-14, Hotel Grand Sahid DSN MUI
DPS XIX 2023 2023 Jaya, Jakarta
2. Mohamad BSI Global Islamic Finance February 15-16, The Ritz Carlton, BSI
Hidayat Summit (GIFS) 2023 2023 SCBD
Member of
Top Executive Learning March 8-9, 2023 Virtual BSU
the Sharia
Program (TELP) - Series I 2023
Supervisory
Speaker :
Board
Linnea Gandhi
Adjunct Assistant Professor of
Behavioral Science,
The Wharton School
Indonesia Re International July 5, 2023 Hotel Fairmont Indonesia Re International
Conference Jakarta
Level 2 sharia risk management July 25-26, 2023 Via online Zoom Medina Consulting
training and certification
workshop
Risk management workshop August 7-8, 2023 Hotel Grand AASI
Mercure Bandung
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SUPERVISORY BOARD
Name and
No. Training Time Place Organizer
Position
Knowledge Sharing Forum August 23, 2023 Offline: BSU
(KSF) The Tower Lt. 6
Theme: Jakarta
Gratification Control
Leadership Forum.
Agenda: Discussion on
the implementation of
resource sponsorship & grant
management
Pra Ijtima’ Sanawi (Annual September 4, Hotel Mercure DSN MUI
meeting) DPS VIII for Sharia 2023 Jakarta Batavia
Commercial Banks and Sharia
Business Units
Top Executive Learning September 19, Auditorium lt.6 BSI
Program (TELP) Series III 2023 2023 The Tower
GRC Continuing Profesional October 2, 2023 Hotel Holiday Inn, GRC Management/OJK
Development I Bandung Pasteur
Ijtima’ Sanawi (Annual Meeting) October 13-14, Hotel Grand Sahid DSN MUI
DPS XIX 2023 2023 Jaya, Jakarta
3. Oni Sahroni BSI Global Islamic Finance February 15-16, The Ritz Carlton, BSI
Member of Summit (GIFS) 2023 2023 SCBD
the Sharia
Top Executive Learning March 8-9, 2023 Virtual BSU
Supervisory
Program (TELP) - Series I 2023
Board
Speaker :
Linnea Gandhi
Adjunct Assistant Professor of
Behavioral Science,
The Wharton School
Nusantara Sharia Scholar May 1-June 1 Holiday Inn INCIEF University
Muzakarah Workshop 2023 Atrium, Singapura
364 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Name and
No. Training Time Place Organizer
Position
Knowledge Sharing Forum August 23, 2023 Offline: BSU
(KSF) The Tower Lt. 6
Theme: Jakarta
Gratification Control
Leadership Forum.
Agenda: Discussion on
the implementation of
resource sponsorship & grant
management
Pra Ijtima’ Sanawi (Annual September 4, Hotel Mercure DSN MUI
meeting) DPS VIII for Sharia 2023 Jakarta Batavia
Commercial Banks and Sharia
Business Units
Top Executive Learning September 19, Auditorium lt.6 BSI
Program (TELP) Series III 2023 2023 The Tower
Ijtima’ Sanawi (Annual Meeting) October 13-14, Hotel Grand Sahid DSN MUI
DPS XIX 2023 2023 Jaya, Jakarta
4. Didin BSI Global Islamic Finance February 15, 2023 The Ritz Carlton, BSI
Hafidhuddin Summit (GIFS) 2023 SCBD
Member of
Top Executive Learning March 8-9, 2023 Virtual BSU
the Sharia
Program (TELP) - Series I 2023
Supervisory
Speaker :
Board
Linnea Gandhi
Adjunct Assistant Professor of
Behavioral Science,
The Wharton School
Knowledge Sharing Forum August 23, 2023 Offline: BSU
(KSF) The Tower Lt. 6
Theme: Jakarta
Gratification Control
Leadership Forum.
Agenda: Discussion on
the implementation of
resource sponsorship & grant
management
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 365
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SHARIA
SUPERVISORY BOARD
Name and
No. Training Time Place Organizer
Position
Pra Ijtima’ Sanawi (Annual September 4, Hotel Mercure DSN MUI
meeting) DPS VIII for Sharia 2023 Jakarta Batavia
Commercial Banks and Sharia
Business Units
Top Executive Learning September 19, Auditorium lt.6 BSI
Program (TELP) Series III 2023 2023 The Tower
Ijtima’ Sanawi (Annual Meeting) October 13-14, Hotel Grand Sahid DSN MUI
DPS XIX 2023 2023 Jaya, Jakarta
ASSESSMENT OF SHARIA SUPERVISORY BOARD PERFORMANCE
The performance of Bank Syariah Indonesia’s Sharia Supervisory Board (DPS) throughout 2023 should be attached
to the support provided by BSI management and all related parties. That has been how BSI DPS can fulfill its various
duties and responsibilities, both in terms of quantity and quality.
The implementation of these duties and responsibilities is reflected in the DPS meetings held, the opinions issued,
and the sharia oversight (Pick Test). DPS performance is assessed through a GCG self-assessment reported to the
Financial Services Authority based on OJK Circular No. 10/SEOJK.03/2014 concerning the assessment of the health
level of Sharia Commercial Banks and Sharia Business Units.
This GCG self-assessment is conducted once every semester and is submitted to the OJK. The submission of reports
on Sharia Supervisory Board oversight results is submitted semi-annually to the OJK, the Sharia Banking Department,
and the National Sharia Council of the Indonesian Ulema Council.
366 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Board of
Directors
In accordance with the regulations, including OJK BOARD OF DIRECTORS’ WORKING
Regulation No. 33/POJK.04/2014 regarding the Board PROCEDURES (CHARTER)
of Directors and Board of Commissioners of Issuers In carrying out its duties, the Board of Directors of Bank
or Public Companies, the Board of Directors is the Syariah Indonesia adheres to the Board of Directors
main organ authorized and fully responsible for the Charter ratified based on the Board of Directors
management of the Bank Syariah Indonesia for the Decision Letter No. 01/006-KEP/DIR dated February 1,
benefit of Bank Syariah Indonesia, in accordance with 2021 concerning the Board of Directors Charter of PT
the purposes and objectives of the company. The Board Bank Syariah Indonesia Tbk. The contents of the Board
of Directors may represent BSI, both in and out of court, of Directors Charter include the following:
in accordance with the articles of association. 1. Authority to Act
2. Organization and Division of Tasks
Generally, the Board of Directors is tasked with carrying 3. General Policies
out all actions related to the management of the 4. Ethics and Working Hours
Company within the limitations as regulated in laws and 5. Meeting Regulations
regulations, the articles of association, and/or decisions 6. Committees
of the General Meeting of Shareholders (RUPS). The 7. Senior Executive Vice President
execution of these tasks is accountable to the RUPS. 8. Correspondence
9. Miscellaneous
BASIS OF DIRECTOR’S APPOINTMENT 10. Amendments
The appointment of all members of the Bank’s Board of 11. Conclusion
Directors refers to the following legal bases:
1. The laws of the Republic of Indonesia concerning DUTIES AND RESPONSIBILITIES OF THE
Limited Liability Companies and Banking; BOARD OF DIRECTORS
2. Regulations of the Financial Services Authority (OJK), The Board of Directors is tasked with carrying out all
OJK Circulars, Regulations of Bank Indonesia (BI), and BI actions related to the management of Bank Syariah
Circulars related to the implementation and governance Indonesia for the benefit of the Bank and in accordance
of Companies; with the purposes and objectives of BSI include
3. Regulations of the Minister of State-Owned leading and managing the Bank including leading the
Enterprises of the Republic of Indonesia (“PERMEN management team in the process of preparing and
BUMN”) regulating state-owned subsidiary companies, evaluating the Bank’s strategy at least annually. In
such as PERMEN BUMN No. PER-3/MBU/03/2023 carrying out its duties, the Board of Directors continues
regarding the Organization and Human Resources of to observe and comply with the provisions and
State-Owned Enterprises; represents BSI, both in and out of court, on all matters
4. Bank’s Articles of Association; and and events, within the limitations as regulated in laws
5. Deed of Statement of Shareholders’ Decisions and regulations, the Articles of Association, and/or
regarding the appointment of each Director. decisions of the RUPS.
Before carrying out their duties and responsibilities, RIGHTS AND AUTHORITIES OF THE
each member of the Board of Directors appointed by BOARD OF DIRECTORS
the RUPS must undergo the fit and proper test process The Board of Directors has rights and authorities
in accordance with laws and regulations and applicable including:
Financial Services Authority regulations. 1. Establishing policies deemed appropriate in the
management of the Company.
2. Regulating provisions regarding the Company’s
employees including determining wages, pensions
or old-age benefits, and other income for the
Company’s employees based on applicable laws and
regulations.
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3. Appointing and dismissing the Company’s 8. Undertaking all other actions and activities
employees based on the Company’s labor regarding the management or ownership of the
regulations and applicable laws and regulations. Company’s assets, binding the Company with other
4. Regulating the delegation of authority of the Board parties and/or other parties with the Company, and
of Directors to represent the Company in and out representing the Company in and out of court on all
of court to one or several Directors specifically matters and events, with limitations as regulated in
appointed for that purpose or to one or several laws and regulations, Articles of Association, and/or
Company employees, either individually or jointly, decisions of the General Meeting of Shareholders
or to another entity. (RUPS).
5. Appointing and dismissing the Head of the Internal
Audit Unit with the approval of the Board of COMPOSITION AND BASIS OF DIRECTOR’S
Commissioners. APPOINTMENT
6. Writing off non-performing loans in accordance Bank executives must meet the requirements of
with the provisions stipulated in this Articles of integrity, competence, and financial reputation. To meet
Association and subsequently reporting them. integrity requirements, prospective members of the
7. Not collecting principal, margin, ujrah, and other Bank’s Board of Directors must have good morals and
profit-sharing beyond the principal amount done in ethics, a commitment to comply with applicable laws and
the context of restructuring and/or debt settlement, regulations, and a high commitment to the operational
and other actions in the context of the Company’s development of the Bank.
profit-sharing, with an obligation to report to
the Board of Commissioners, the provisions and To meet competency requirements, Directors must
reporting procedures of which are determined by have adequate knowledge in banking and relevant
the Board of Commissioners. fields, have experience and expertise in banking and/
or financial fields, and have the ability to undertake
strategic management for the healthy development of
the Bank.
Composition of the Board of Directors
Name Position Basis of Appointment Effective Date Term of Office
Hery Gunardi President Director Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
dated December 15, 2020
Bob Tyasika Vice President Director Deed of EGMS Minutes No.155 September 22, 2022 2022-2025
Ananta dated May 27, 2022
Ngatari Director Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
dated December 15, 2020
Anton Sukarna Director Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
dated December 15, 2020
Ade Cahyo Director Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
Nugroho dated December 15, 2020
Tribuana Director Deed of EGMS Minutes No. 92 February 1, 2021 2021-2024
Tunggadewi dated December 15, 2020
Zaidan Novari Director Deed of EGMS Minutes No.155 January 26, 2023 2022-2025
dated May 27, 2022
Moh.Adib Director Deed of EGMS Minutes No.155 September 22, 2022 2022-2025
dated May 27, 2022
Saladin D. Effendi Director Deed of GMS Minutes No.45 September 21, 2023 2023-2026
dated May 22, 2023
Grandhis Helmi Director Deed of GMS Minutes No.45 September 21, 2023 2023-2026
Harumansyah dated May 22, 2023
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TASK DIVISION
The duties of each member of the Board of Directors are described in the table below.
Name Position Assigned Task
Hery Gunardi President Director Digital Banking, Internal Audit, and Marketing
Communications
Bob Tyasika Ananta Vice President Director Operation, IT, and Treasury
Ngatari Director Retail banking
Anton Sukarna Director Sales & Distribution
Ade Cahyo Nugroho Director Finance & Strategy
Tribuana Tunggadewi Director Compliance & Human Capital
Zaidan Novari Director Wholesale Transaction Banking
Moh. Adib Director Treasury & International Banking
Saladin Dharmanugraha Effendi Director Information & Technology
Grandhis Helmi Harumansyah Director Risk Management
BOARD OF DIRECTOR’S TERM OF OFFICE 4. Directors whose terms have expired may be
1. Directors are appointed by the General Meeting reappointed for a maximum of 2 (two) consecutive
of Shareholders (RUPS) for a period starting from terms, or a maximum of 6 (six) years since their
the closing of the RUPS that appoints them or as appointment, subject to applicable regulations.
otherwise determined by the RUPS, and ending at
the closing of the third Annual General Meeting CRITERIA FOR THE BOARD OF DIRECTORS
of Shareholders (RUPS) after their appointment. Criteria for members of the Board of Directors shall
However, this does not diminish the right of the meet the following provisions:
RUPS to terminate a Director before the end of 1. Law on Limited Liability Companies;
their term by stating the reasons. Such termination 2. Capital Market regulations; And
takes effect from the closing of the RUPS, unless 3. Other regulatory provisions applicable to the
otherwise determined by the RUPS. Company’s business activities
2. The appointment of Directors will be effective after
obtaining approval from the OJK or upon fulfillment Parties eligible as members of the Board of Directors
of the requirements stipulated in the OJK approval are individuals who are domiciled in Indonesia and meet
letter related to the Fit and Proper Test, and other the following criteria at the time of appointment and
relevant authorities (if any), and has been approved while in office:
by the Shareholders through the RUPS. 1. Shall have good morals, intention, and integrity
3. The term of office of Directors ends when: 2. Shall be able to take legal actions
a. The term period ends according to the Bank’s 3. Within 5 (five) years prior to appointment and while
Articles of Association; in office:
b. Their resignation becomes effective in a. Has never been declared bankrupt;
accordance with the applicable Articles of b. Has never been a member of the Board of
Association; Directors and/or a member of the Board of
c. They no longer meet the requirements as Commissioners convicted guilty of causing a
Directors based on the Articles of Association company to be declared bankrupt;
and regulations; c. Has never been convicted of committing a
d. They pass away; criminal act that is detrimental to state finances
e. They are dismissed based on a decision of the and/or related to the financial sector; And
RUPS; d. Has never been a member of the Board of
f. They are declared bankrupt by a Commercial Directors and/or the Board of Commissioners
Court with a legally binding decision or placed that while in office:
under guardianship by a court decision;
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 369
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BOARD OF
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i. Failed to hold an annual GMS MECHANISM FOR SELECTION,
ii. Had their accountability as a member of APPOINTMENT, TERMINATION, AND/OR
the Board of Directors and/or member REPLACEMENT OF DIRECTORS
of the Board of Commissioners not The policy regarding the process and selection of
accepted by the GMS or failed to provide Directors refers to the prevailing laws and regulations,
accountability as a member of the Board of including Law No. 40 of 2007 concerning Limited
Directors and/or member of the Board of Liability Companies, Law No. 21 of 2008 concerning
Commissioners to the GMS; And Sharia Banking, POJK No. 33/POJK.04/2014
iii. Caused a company that obtained a permit, concerning the Board of Directors and Board of
approval or registration from the OJK Commissioners of Issuers or Public Companies, POJK
to fail to meet its obligation to submit an No. 27/POJK.03/2016 concerning the Assessment
annual report and/or financial report to of Ability and Suitability for Main Parties of Financial
the OJK. Services Institutions, POJK No. 17 of 2023 concerning
4. Shall not assume any other position made the Implementation of Governance for Commercial
regulatory impermissible to them as Member of the Banks, as well as other relevant laws and regulations
Board of Directors expect by signing a statement of including those from Bank Indonesia.
willingness to resign from that other position once
elected as a Member of the Board of Directors; As a subsidiary of a state-owned enterprise (BUMN), the
5. Shall have a commitment to comply with regulatory selection, appointment, termination, and replacement
provisions; And of BSI Directors are also subject to PERMEN BUMN No.
6. Shall have knowledge and/or expertise in the field PER-3/MBU/03/2023 Regarding the Organization and
required by the Company Human Resources of State-Owned Enterprises.
ORIENTATION PROGRAM FOR NEW The process of selecting, appointing, terminating,
DIRECTORS and/or replacing Directors is regulated in the Articles
Directors who have been appointed at the GMS shall of Association of BSI and the Nomination and
take part in the orientation program coordinated by Remuneration Policy.
the Corporate Secretary. The orientation program is
implemented by delivering material related to the Bank, In the process of selecting, appointing, terminating,
which includes, among others: and/or replacing Directors, proposals are made by the
- Introduction to the Bank’s Vision and Mission Shareholders to the General Meeting of Shareholders
- Corporate Plans (RUPS) taking into account recommendations from
- Bank Business Plan the Nomination and Remuneration Committee. Before
- Company Work Plan and Budget the discussion on the appointment and termination of
- Introduction to Sharia Banking Directors in the RUPS, information about the profiles
- Risk management of new or reappointed Director candidates is made
- Corporate governance available at the time of invitation or at the latest during
- Introduction to Bank Culture the conduct of the RUPS.
In 2023, the BSI conducted a Board of Directors RESIGNATION MECHANISM FOR
orientation program for new members of the Board DIRECTORS
of Directors, Saladin D. Effendi and Grandhis Helmi 1. A Director has the right to resign from their
Harumansyah, from May 26, 2023, to June 8 2023. position before the end of their term by notifying
the Company in writing of their intention at least 90
(ninety) days in advance.
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2. The Company must convene a General Meeting of POLICY ON LOANS TO DIRECTORS
Shareholders (RUPS) to decide on the resignation BSI has a policy that allows loans to be granted to
request of the respective Director within a Directors under normal pricing and terms, as done
maximum period of 90 (ninety) calendar days after with parties unrelated to the Bank. Loans to Directors
receiving the resignation letter. will be accounted for as part of the Maximum Limit of
3. The Company must disclose information to the Fund Provision in accordance with Financial Services
public and report to the OJK within 2 (two) working Authority Regulation No. 26/POJK.03/2021 regarding
days after receiving the Director’s resignation the Maximum Limit of Fund Disbursement and Large
request following the conduct of the RUPS. Funds for Sharia Commercial Banks. This policy is
4. Before the resignation takes effect, the respective documented in the Consumer Financing Business
Director remains obligated to fulfill their duties and Standard Operating Procedures dated November 30,
responsibilities in accordance with this Articles of 2023, and other related internal policies.
Association and applicable laws and regulations.
5. Directors who resign as mentioned above may still AFFILIATE RELATIONS OF BOARD OF
be held accountable for their actions as Directors DIRECTORS
from their appointment until the date of approval of Amongst the criteria for affiliate relationships for
their resignation at the RUPS. members of the Board of Directors are:
6. Release from liability for Directors who resign 1. Affiliate relationship between members of the
is granted after the Annual General Meeting of Board of Directors and their fellow members;
Shareholders (RUPS) absolves them. 2. Affiliate relationship between members of the
Board of Directors and members of the Board of
Commissioners; and
3. Affiliate relationship between members of the
Board of Directors and Major and/or Controlling
Shareholders.
Affiliate Relations of the Board of Directors
Financial Relationship with: Family Relationship with:
Name Position Board of Board of Controlling Board of Board of Controlling
Directors Commissioners Shareholders Directors Commissioners Shareholders
Hery Gunardi President Nil Nil Nil Nil Nil Nil
Director
Bob Tyasika Ananta Vice President Nil Nil Nil Nil Nil Nil
Director
Ngatari Director Nil Nil Nil Nil Nil Nil
Anton Sukarna Director Nil Nil Nil Nil Nil Nil
Ade Cahyo Nugroho Director Nil Nil Nil Nil Nil Nil
Tribuana Tunggadewi Director Nil Nil Nil Nil Nil Nil
Zaidan Novari Director Nil Nil Nil Nil Nil Nil
Moh. Adib Director Nil Nil Nil Nil Nil Nil
Saladin D. Effendi Director Nil Nil Nil Nil Nil Nil
Grandhis Helmi Director Nil Nil Nil Nil Nil Nil
Harumansyah
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BOARD OF
DIRECTORS
CONCURRENT BOARD OF DIRECTORS POSITION
Policy
The policy for concurrent positions on the Board of Directors is governed by BSI’s Articles of Association, Article 18,
Point 23, and the Board of Directors Charter. Accordingly, the Board shall not hold other positions as members of the
Board of Commissioners, the Board of Directors, or as Executive Officers at other banks, companies, and/or other
institutions, except:
1. Directors who are responsible for directing investments in Bank subsidiary companies, carry out functional duties
as members of the Board of Commissioners in non-bank subsidiaries over which the Bank has control;
2. Directors hold positions in 2 (two) non-profit institutions; and/or
3. Other positions of Directors as determined in applicable laws and regulations from time to time.
During 2023, none of the members of the Board of Directors assumed other positions as members of the Board of
Commissioners, the Board of Directors, or Executive Officers at other banks, companies, and/or institutions that
could cause conflicts of interest.
Table of Concurrent Position
Position at Other
Name Position Name of Institution
Companies/Institutions
Hery Gunardi President Director Nil Nil
Bob Tyasika Ananta Vice President Director Nil Nil
Ngatari Director Nil Nil
Anton Sukarna Director Nil Nil
Ade Cahyo Nugroho Director Nil Nil
Tribuana Tunggadewi Director Nil Nil
Zaidan Novari Director Nil Nil
Moh. Adib Director Nil Nil
Saladin D. Effendi Director Nil Nil
Grandhis Helmi Harumansyah Director Nil Nil
MANAGEMENT OF CONFLICTS OF INTEREST
In cases where the Bank’s interests conflict with the personal interests of one member of its Board of Directors,
then the Bank shall be represented by another member of the Board who has no conflict of interest, and in cases
where the Bank’s interests conflict with the interests of all members of the Board of Directors, then the Bank shall
be represented by the Board of Commissioners or anyone appointed by the Board of Commissioners. In cases where
there are no members of the Board of Commissioners, the GMS shall appoint one or more people to represent the
Bank and do the duty.
OWNERSHIP OF DIRECTOR SHARES AND CHANGES
Reporting Policy
In accordance with POJK number 11/POJK.04/2017 concerning Ownership Report or Any Change in Share
Ownership of Public Companies, the ownership report and any change in ownership of BSI shares must be submitted
by the relevant Member of the Board of Directors to the company no later than 3 (three) working days and to the
regulator no later than 10 (ten) days from the occurrence of ownership or change in ownership of the Company.
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In 2023, there were changes in the ownership of Director shares in BSI. All of these changes have been reported to
the Financial Services Authority in accordance with applicable regulations. The series of changes in share ownership
is outlined in the table below.
As of January 1, 2023
No. Name Position Number of Shares Percentage (%)
1 Hery Gunardi President Director 0 0
2 Bob Tyasika Ananta Vice President Director 0 0
3 Ngatari Retail Banking Director 16,823,500 0.036
4 Achmad Syafii Information Technology Director 0 0
5 Ade Cahyo Nugroho Finance & Strategy Director 0 0
6 Anton Sukarna Sales & Distribution Director 0 0
7 Tribuana Tunggadewi Sales & Distribution Director 0 0
8 Tiwul Widyastuti Director of Risk Management 0 0
9 Zaidan Novari Wholesale Transaction Banking 0 0
Director
10 Moh. Adib Treasury & International Banking 9,500 0
Director
As of December 31, 2023
No. Name Position Number of Shares Percentage (%)
1 Hery Gunardi President Director 2,210,600 0.005
2 Bob Tyasika Ananta Vice President Director 548,400 0.001
3 Ngatari Retail Banking Director 18,621,200 0.04
4 Saladin D. Effendi Information Technology Director 0 0
5 Ade Cahyo Nugroho Finance & Strategy Director 1,726,600 0.004
6 Anton Sukarna Sales & Distribution Director 1,726,600 0.004
7 Tribuana Tunggadewi Compliance & Human Capital 1,726,600 0.004
Director
8 Grandhis Helmi Risk Management Director 0 0
Harumansyah
9 Zaidan Novari Wholesale Transaction Banking 517,900 0.001
Director
10 Moh. Adib Treasury & International Banking 527,400 0.001
Director
BOARD OF DIRECTORS MEETING
Policy
Pursuant to Directors’ Decree No. 01/006-KEP/DIR on the Charter of the Board of Directors of PT Bank Syariah
Indonesia, the Board of Directors meeting is a forum to discuss, coordinate, and fulfill the Bank’s agenda the Board
of Directors prepares the schedule of the Board of Directors meeting and the Board of Directors meeting by inviting
the Board of Commissioners (joint Board of Directors meeting with the Board of Commissioners) for the next fiscal
year before the end of the fiscal year. It shall be attended by the Board of Directors and shall be held at least 1 (once)
a month or at any time if required by one or more members of the Board of Directors, at the written request of one
or more members of the Board of Commissioners, or at the written request of 1 (one) or more shareholders, which
together represent 1/10 (one tenth) of the total number of shares with valid voting rights. The Board of Directors
meetings can be attended by other participants according to the Bank’s needs.
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Meeting Frequency and Attendance
Internal Meeting of the Joint Meeting with the
Attendance at the GMS
Board of Directors Board of Commissioners
Name Position Number Number Number
Total Total Total
of % of % of %
Attendance Attendance Attendance
Meetings Meetings Meetings
Hery Gunardi President 39 37 94 14 9 65 1 1 100
Director
Bob Tyasika Vice President 39 34 87 14 8 57 1 1 100
Ananta Director
Ngatari Director 39 38 97 14 11 78 1 1 100
Anton Sukarna Director 39 34 87 14 8 57 1 1 100
Ade Cahyo Director 39 34 87 14 12 86 1 1 100
Nugroho
Tribuana Director 39 33 84 14 10 71 1 1 100
Tunggadewi
Zaidan Novari Director 39 35 89 14 10 71 1 1 100
Mohammad Adib Director 39 36 92 14 9 64 1 1 100
Saladin D. Director 26 24 92 9 6 67 1 1 100
Effendi**)
Grandhis Helmi Director 26 24 92 9 6 67 1 1 100
Harumansyah**)
Achmad Syafii*) Direktur 13 13 100 6 4 67 1 1 100
Tiwul Direktur 13 13 100 6 4 67 1 1 100
Widyastuti*)
*) Left office effective on May 22, 2023 based on the results of the 2022 Fiscal Year AGMS
**) Effective in office on September 21, 2023
Agenda of Internal Board of Directors Meeting
Details of the agenda and decisions/ recommendations of the internal Board of Directors meetings are presented in
the table below:
Date Agenda of Discussion Suggestions/Input
January 3, 2023 A. Updates on New Cash Management 1. Approved the proposed GTS Value Proposition.
B. BSI Cybersecurity Report (October- 2. SPO and PTO related to cyber security must be
December 2022 Period) immediately completed and continuously updated to
keep abreast with cyber developments.
January 10, 2023 A. Meeting on PWC License 1. In principle, the Board of Directors accepted the
B. Submission of the 2023 IT & Business presentation of the audit results of the BSI Financial
Strategy Alignment Workshop Plan Report for the fiscal ended December 31 ,2022
submitted by KAP PwC, and asked the CFA work
unit and related work units to follow up on its audit
findings.
2. The IT unit must review the strategic initiatives
proposed by all Directorates to make them aligned
with the work plans of the IT unit as part of the 2023
Business Strategy Alignment.
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Date Agenda of Discussion Suggestions/Input
January 18, 2023 A. BSI Excellence Award 2022 1. The list of winners of the 2022 BSI Excellence Award
B. Proposed Series of BSI 2nd Anniversary (BEA) was to be presented at the following Board of
Event Directors meeting for assessment by the Board of
C. Productivity Enhancement Directors.
D. Updates on 2023 Treasury Strategy 2. BSI's anniversary on February 1, 2023 was to be the
E. Updates on Full License Preparation for highlight of the BSI anniversary series that all BSI
Dubai Branch administrators ought to attend.
3. Ensured to reduce the number of branch outlets that
suffered a loss or were not profitable.
4. Considered KPI not only using TPF but also Funds
Under Management (FUM).
5. Ensured that at the grand launching DIFC BSI was
fully operational.
January 31, 2023 Proposed Collaboration Project to Optimize Timeline for signing the BOT cooperation contract was
Build Operate and Transfer Assets on Jl. to be done more quickly as of February 2023, and run
Medan Merdeka Selatan No. 17 Jakarta parallel with the BOT process.
February 14, 2023 A. January 2023 Performance Report 1. To set KPI targets for 2023 immediately and submit
B. Update Service Excellence and Service them to the Board of Directors for discussion in the
Consultant Survey Results forum.
C. IT & Business Strategy Alignment 2. A need for an up-scaling training program on selling
to frontliners was identified due to the decreasing
number of customers coming to branches.
3. Work on IT projects should be prioritized, with
priority on larger segments.
February 28, 2023 Updates on 2023-2025 Adjusted RBB RBB presentation material should be made shorter and
Material focused on BSI's 2023 financial projections and guidance
material from each Field Director.
March 7, 2023 A. Updates on Shifting Transactions 1. Regarding the transaction shift, transaction capacity
B. Updates on Online Onboarding target should be increased given the shift from offline
C. Updates on Employee Gathering transactions to online transactions.
D. Updates on Performance Projection 2. Ensured that the Onboarding program is run
March 31, 2023 according to the proposed timeline.
3. BSU was to make immediate improvements to the
Employee Gathering event in coordination with
the CSG unit considering that the event date is
approaching.
4. The declining trend in financing, especially for Column
2, was to be collected immediately before the end
of March to have improved quarterly performance
reports.
March 15, 2023 A. Settlement of the Surabaya Diponegoro 1. Mitigation strategies must be developed to prevent
KCP Case frauds from reoccurring.
B. BSI SuperApp New Branding 2. Approved to return additional collateral to
C. Updates on Audit Results from BPKP and customers after the results of BSI's internal review
Internal Audit on Providing Loan Facilities were approved by BPKP and the Financing Policy
to People's Business (KUR) Committee for MSMEs.
D. IT Burning Issue 3. IOG and the Consumer Work Unit should join the
Board of Directors meeting to discuss the IT burning
issue related to the WISE Application again.
March 28, 2023 A. Updates on the Impact of Bank Collapses 1. Continuous monitoring of banking and economic
in the US and Europe on Indonesian conditions to monitor future developments.
Banking and the Economy 2. The Board of Directors meeting approved the
B. Head Office & Network KPI Updates on proposed 2023 Network KPI in accordance with the
and Performance Report March 26, 2023 directions given.
& Prognosis March 31 2023
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 375
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Date Agenda of Discussion Suggestions/Input
April 4, 2023 A. Third Party Fund Segmentation 1. Individual corporate customers who had taken
B. Updates on Burning Issue IT financing should be transferred to the financing unit
Infrastructure & Security while those who had not should be under the same
C. Updates on the 2023 BSI Entrepreneurial management.
Talent Program 2. IT Initiative Strategy to focus more on crucial matters
and can solve more major IT problems such as Core
Banking modernization.
3. Further review should be conducted on the
Entrepreneurial Talent Program, including on
organizational structure, SPO, event schedule, event
vendors, authority and do-and-don'ts, etc. Technical
updates on future events will be reported directly to
the Main Director.
April 11, 2023 A. Updates on Segment & Product 1. The next profitability report should include cost data
Profitability and Performance Report along with profitability data as a comparison to see
March 2023 Cost to Profit for each segment.
B. Issuance of BSI Subordinated Sukuk 2023 2. Approved the principle permit for the issuance of BSI
Subordinated Sukuk up to Rp200 billion.
May 2, 2023 A. Approval for the Settlement of the 1. The board of directors meeting in principle approved
Surabaya Diponegoro KCP Case the proposed Settlement of the Surabaya Diponegoro
B. Updates on Close Of Business (COB) KCP Case.
Investigation Examination Results 2. 2. Coordinate with the Temenos vendor to find
the root cause of the COB delay and immediately
determine a solution to keep it from reoccurring.
May 16, 2023 Collaboration in the Distribution of Tapera Approval in principle for the issuance of Sukuk without a
Syariah KPR & Issuance of Sukuk Without Public Offering in BSI's activities as a Tapera Syariah KPR
Public Offering Distributing Bank.
May 23, 2023 Proposed Alternate Directors and The Board of Directors Meeting approved the Proposed
Supervision Director Alternate Directors and Supervision Director.
May 30, 2023 A. BSI Organizational Structure 1. The Board of Directors Meeting in principle approved
B. Determination of the Stakeholder the proposed BSI Organizational Structure which
Management Director was submitted and to be immediately processed and
communicated to BSI internally.
2. The Board of Directors meeting in principle approved
the proposed stakeholder management to discuss the
details with the CHC Director and submitted to the
relevant Director for finalization.
June 1, 2023 IT Infrastructure Development and The Board of Directors meeting in principle approved
Strengthening Plan the proposed IT Infrastructure Development and
Strengthening Plan along with the final budget with a
priority on increasing system stabilization and security.
June 5, 2023 PMO Kick Off Strengthening IT, Operations The Board of directors meeting in principle approved
and Human Capital Functions the PMO Kick Off for Strengthening IT, Operations and
Human Capital Functions to be launched nationally on
Wednesday, June 7, 2023.
June 7, 2023 Updates on May 2023 Performance and The Board of Directors meeting in principle approved
Review of the Bank's Business Plan 2023- the proposed Updates on May 2023 Performance and
2025 review of the 2023-2025 Bank Business Plan which
was adjusted based on the direction of the Board of
Directors' meeting
June 21, 2023 A. Updates on Performance June 19, 2023 1. To pay attention until the end of June 2023: booking
and Prognosis 30 June 2023 financing, mobilizing funds and collections.
B. Progress in Win Back Savings 2. Optimize program offerings to customers outside the
C. Financing Quality Strategy target win back customers.
3. Run a financing quality and recovery initiative
program at the end of the month with limited branch
operations on 28 & 30 June 2023.
376 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Date Agenda of Discussion Suggestions/Input
June 27,2023 A. Hasanah Card System Conversion 1. Related to requests from OJK for licensing of the
B. 100% Online Onboarding Update New Card Management System (CMS) application to
C. Board of Directors General Discussion be immediately fulfilled by conducting Vulnerability
Assessment & Penetration Test.
2. Ensure the security and smoothness of the system
of the online onboarding program, to be assessed
periodically.
July 11, 2023 A. Kick-off Project for Opening Saudi Branch 1. It is necessary to consider other program options
B. June 2023 Performance Report than just opening branches since the target is to build
BSI presence in Saudi rather than just opening more
branches.
2. A need was identified for strategy that not only wins
back but also attracts new customers.
July 18, 2023 A. Updates on Micro Business 1. Micro business performance reports to create
B. Prevention of Financing and Operational separate portfolios for KUR and Non-KUR.
Fraud 2. There should be a separate strategy on new fraud
C. Legal Updates prevention action plan between the existing ones and
the ones to be implemented.
3. Ensured that in every legal case all the evidence and
documentation is adequate.
August 2, 2023 A. Updates on SME Business 1. Set the target segment and clear RAC of the SME
B. Updates on Micro Business Strategy product.
2. Set the KUR rules to be limited to 1 year with a
maximum of 2 years and transfer it to Non-KUR, and
come up with shifting strategy that customers would
find easy to accept.
August 8, 2023 A. Updates on Wholesale Financing 1. Wholesale financing portion should be kept at 30%
B. Financing and Operational Fraud and should not exceed 35% of the total portfolio at
Prevention Strategy Initiative BSI.
C. Updates on Progress Development 2. Fraud Handling Flow Chart must be discussed with
Customer Relationship Management the Compliance and Human Capital Directorate to
(CRM) obtain input and opinions.
D. Alternate Committees Under the Board of 3. CRM development program must be carried out with
Directors due attention to the timeline and that the aim of this
E. Proposed Settlement of the PT Telkomsel program is to be widely used internally at BSI.
Official Operational Service Vehicle 4. In principle, the Board of Directors Meeting approved
Ownership Facility (FKKDOP) Case the proposed Alternate Committee Under the Board
of Directors and an Alternate replacement for the
Board of Directors and SEVP with adjustments.
5. 5. In principle, the Board of Directors Meeting
approved the PT Telkomsel FKKDOP Case Settlement
Proposal.
August 15, 2023 A. Updates On Performance Report July 1. The SPM Unit was to discuss and immediately prepare
2023 responses to questions asked to BSI at the Mandiri
B. Updates on SME Business Board Forum in Batam with the relevant work units,
and relevant Directors, Vice Director and President
Director for finalization.
2. The focus of SME business had been too much on
Local Champions, in the future we need to develop
a business strategy that focuses on value chain
development.
August 22, 2023 A. Updates on Fee Based Income 1. The ROE target of up to 20% can be achieved, and
Performance BoD meeting and hence, an action plan is to be made to achieve this
Performance in August 2023 target, especially from Fee Based Income (FBI).
B. Preparation of BSI Corporate Plan 2023- 2. In discussing the 2023-2033 Corporate Plan, the
2033 Sharia Banking Landscape should also be included so
it does not only see from the perspective of macro
banking but also with a focus on Sharia Banking.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 377
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Date Agenda of Discussion Suggestions/Input
September 5, 2023 A. Updates on Indonesia Incorporated 1. Coordinate with related parties from the Ministry
Preparation of BUMN for the final date for the inauguration of
B. Open Item Settlement Initiative Indonesia Incorporated.
for Advance Payments (UM) and 2. In principle, the Board of Directors Meeting approved
Miscellaneous Receivables (TRR) the proposed Open Item Settlement Initiative
C. Updates on Bullion Bank for Advance Payments (UM) and Miscellaneous
D. Updates on the Fine Tuning Consumer & Receivables (TRR).
Retail Financing Project – Product Griya 3. SRIA product as an opening for the next BSI product
target, namely Gold Savings/Deposits.
4. In principle, the Board of Directors Meeting approved
the proposed Updates om Project Fine Tuning
Consumer & Retail Financing – Griya Product.
September 20, A. August 2023 Performance Report and 1. Fund Growth to continue to grow by keeping COF
2023 September 2023 Projections low.
B. Proposed RBB 2024-2026 2. The 2024 strategy prioritizes increasing low-cost
funds.
September 26, A. Updates on Cyber S
ecurity 1. Devise campaigns related to digital product security
2023 B. Updates on Dubai Branch Business at the customer and employee level.
Development and Progress made in Saudi 2. Devices a pipeline from Dubai and Saudi for monthly
Branch business opportunities.
October 11, 2023 A. September 2023 Performance Report and 1. The RKAP target for growth in BSI funds and
2024 RBB & RKAP Proposal financing should be set at 2-3% above the Indonesian
B. Updates on Treasury & Financial banking industry projections.
Institutions Business Developments 2. Treasury Unit and International Banking Unit to
C. Current Updates on the Risk Management carry out benchmarks to review best business
Directorate developments for BSI.
3. Stress test reports to continue to be monitored and
reported regularly.
October 17, 2023 A. Prognosis & Action Plan for December 1. There is a need to formulate a strategy for Cost of
2023 Achievement Funds (COF) management with a focus on Retail
B. Submission of 2022 CGPI Observation and the Fee Based Income (FBI) strategy in Digital,
Material Pawnshops and other related businesses.
C. Update on SME and Micro Non-Currency 2. Make sure to ask the Chief Commissioner for
Business Developments direction and input on CGPI material.
D. Current Update Directorate of Operations 3. SME bookings were below expected, a strategy is
needed to increase bookings or reduce runoff every
month.
4. Should maximize the use of services from vendors
who had collaborated with BSI to improve BSI
services for the better.
October 24, 2023 A. Updates on Savings & Transactions 1. Launch a massive Business Savings program to
B. Updates on Digital Banking Business achieve DPK target by the end of the year, taking
Developments advantage of all programs and initiatives that are
C. Updates on Assets & Liabilities already running.
2. Develop an effective strategy to increase active users
targeting dormant customers.
3. Repricing of financing to make it applicable to new
bookings. Further, there should be a cap/ceiling for
the special price composition of financing based on a
segment approach.
November 7, 2023 A. Factory Financing Update 1. The proposed acceleration of the SLA Business
B. New Cash Management System (CMS) Process through Financing Factory to 2 working days
Update should be manifested immediately according to plan,
live in November 2023.
2. Ensured that the process of migrating BSI CMS
customer data from the old to the New CMS can run
well and meet customer needs.
378 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Date Agenda of Discussion Suggestions/Input
November 13, A. Updates on the 2024 Sustainable Financial 1. For the Carbon Tracing to be conducted on every
2023 Action Plan (RAKB). exchange of plastic bottles via Reverse Vending
B. Providing Equal Information to Machine (RVM) to measure the value of Carbon
Shareholders (Equal Information) Trading at BSI.
2. Shareholders in the context of providing information
in Banking Synergy are cooperation partners rather
than receiving only information in their capacity as
BSI shareholders.
November 20, October 2023 Performance Report & Approved the PASBI increase strategy to increase BSI
2023 December 2023 Prognosis Assets until the end of 2023.
November 28, Updates on Mitraguna Shared Service Project Shared Service Steering Committee to conduct this
2023 study to compare the pros and cons of Mitraguna BSI's
financing process using WISE compared to Mitraguna
collaborating with Bank Mandiri.
December 5, 2023 December 2023 Projections & 2023 Asset The Board of Directors meeting agreed in principle
Quality Prognosis to carry out the December 2023 Profit Simulation
Assumption with a target of assets of Rp340-343 trillion
in accordance with the input and direction of the Board
of Directors meeting.
December 12, A. Updates on Pawn 1. Submit an increase to the gold pawn limit to IDR 1
2023 B. Updates on ATMs and Outlets billion to the OJK so that it continues to be processed,
C. Updates on Smart Agent & EDC immediately fulfill the six (6) concerns raised by the
D. November 2023 Performance OJK and submit the application again.
and Updates on Business Volume 2. Allocate more ATMs in prominent areas. In the future,
Achievements as of 8 Dec 2023 the percentage in prominent areas must be greater
than that in the BSI Office.
3. Currently, Smart Agent still showed lower
performance than expected, so it is necessary to
develop a more coordinated Smart Agent Strategy to
make more structured reports and strategic plans for
2024.
4. GH SPM to update the realization of the development
of DPK and financing in the WA Group of Directors.
December 19, A. Update on 2024 Target Distribution 1. Updates on the 2024 Target Distribution to be tidied
2023 B. Update on Operational Preparations for up by developing a more intuitive achievement
Christmas & New Year strategy in pursuing targets.
C. Proposed Reimbursement of Funds for 2. Apart from Bank Operations, attention should also
Customers Victims of Internal Fraud at be paid to Collections run during the holiday seasons
KCP Seutui (Aceh Region) until the end of the year.
D. Update on Housing Financing Liquidity 3. The Board of Directors meeting approved the
Facilities (FLPP) recommendations for handling Fraud cases, but
E. Application for Approval and Procurement ensured that the cases are not exposed to the outside
of Temenos System Corebanking Up party.
Grade License 4. BSI's FLPP and Tapera segment focus consists of
Muhammadiyah, UIN, and JSIT, so that the segment
focus is optimized by shortening the SLA processing
time.
5. The Board of Directors meeting in principle approved
the Temenos System Upgrade Procurement process
from R10 to R23 with the note that Governance, Risk
and Compliance should be taken into account in the
procurement of the license because it concerns the
BSI Corebanking system.
The agenda for meetings between the Board of Directors and the Board of Commissioners is presented in the “Joint
Board of Commissioners Meeting” section in this Annual Report.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 379
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
COMPETENCE DEVELOPMENT OF BOARD OF DIRECTORS
Policy
Pursuant to Financial Services Authority Regulation (POJK) No. 24 of 2022 concerning the development of the Quality
of Human Resources for Commercial Banks, the Bank shall develop the quality of Human Resources (HR), including
its Board of Directors. The referred development includes competence development in technical, non-technical, and
leadership areas.
Therefore, BSI gives support to the Board of Directors in participating in competence development. Directors who
take various education and training courses can later present the subject of their education during meetings and/
or other means of delivery. Other matters pertaining to accommodation, facilities, and protocols in the course of
education refer to the Bank’s applicable internal regulations.
Realization of Competence Development
The realization of the Directors’ competence development throughout 2023 is presented in the table below.
Name and
No. Training Time Place Organizer
Position
1. Hery Gunardi Mandiri Leadership Forum Thursday, January Hotel Four Points PT. Bank Mandiri (Persero)
President 2023 26 2023 Manado Tbk
Director
Asbisindo National Seminar and Saturday, January Marriot Hotel ASBISINDO
National Work Conference 28 2023 Harbour Bay
Batam
Global Islamic Finance Summit Wednesday, Ritz Carlton Hotel BSI
2023 with theme: International February 15, 2023 Jakarta
Prominent Lecture Session:
“Islamic Finance For The Real
Sector Development”
Global Islamic Finance Summit Thursday, Ritz Carlton Hotel BSI
2023 with theme “BSI Wealth February 16 2023 Jakarta
Insight : Creating Values in
Times Uncertainly”
Top Executive Learning Wednesday, via Online : BSU
Program (TELP) - Series I 2023 March 8 2023 Zoom Webinar
Speaker :
Linnea Gandhi
Adjunct Assistant Professor
of Behavioral Science, The
Wharton School
Sharing Session Board Forum Thursday, August Best Western PT. Bank Mandiri (Persero)
Q2 2023 10 2023 Premier Panbil Tbk
Theme: Empowering Hotel, Batam
Indonesia’s Ascent - Mandiri
Group’s Role in The Emergence
Of a Global Economic Leader
Seminar on “Implementation Wednesday, Auditorium BSI Gd Asbisindo
of Integrated Governance, Risk September 6 2023 The Tower Fl. 6
& Compliance (GRC) in Sharia
Banking in Era 4.0
380 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Deputy Minister of BUMN Monday, at Mandiri Kementerian BUMN
Rosan Roeslani Strategic September 11 University
Business Workshop 2023 Wijayakusuma
Campus. West
Agenda: Business Strategy Jakarta
Workshop with Deputy
Minister of BUMN Rosan
Roeslani
2. Bob Tyasika Workshop IT Strategy Friday, January 20 Bidakara Hotel BSI
Ananta Alignment & Business 2023 Jakarta
Vice President Actionable Strategy 2023
Director
Mandiri Leadership Forum Thursday, 26 Hotel Four Points PT. Bank Mandiri (Persero)
2023 January 2023 Manado Tbk
Seminar and Muskernas Saturday, 28 Marriot Hotel ASBISINDO
Asbisindo January 2023 Harbour Bay
Batam
Global Islamic Finance Summit Wednesday, 15 Ritz Carlton Hotel BSI
2023 with Theme: International February 2023 Jakarta
Prominent Lecture Session :
"Islamic Finance For The Real
Sector Development"
Global Islamic Finance Summit Thursday, 16 Ritz Carlton Hotel BSI
2023 with Theme "BSI Wealth February 2023 Jakarta
Insight : Creating Values in
Times Uncertainly"
Top Executive Learning Wednesday, 8 via Online : BSU
Program (TELP) - Series I Tahun March 2023 Zoom Webinar
2023
Speaker:
Linnea Gandhi
Adjunct Assistant Professor
of Behavioral Science, The
Wharton School
AML/CFT Implementation Thursday, 13 April The Tower Fl. 6 BSU
Training Activities for Senior 2023
Management in 2023
Sharing Session Board Forum Thursday, 10 Best Western PT. Bank Mandiri (Persero)
Q2 2023 August 2023 Premier Panbil Tbk
Hotel, Batam
Theme:
Empowering Indonesia’s
Ascent - Mandiri Group’s Role
in The Emergence Of a Global
Economic Leader
Top Executive Learning Thursday, 24 via Online : BSU
Program (TELP) - Series II Tahun August 2023 Zoom Webinar
2023 - Culture of Innovation
Speaker:
Rouben Jayasinghe
Digital Innovation Leader AWS
Amazone Web Services
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 381
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Name and
No. Training Time Place Organizer
Position
Forum Co-Creating Future Tuesday, 29 Kampus PT. Bank Mandiri (Persero)
Mandirian 2023 - Business August 2023 Wijayakusuma, Tbk
Leaders who Always Deliver Mandiri University
and Always Ahead Daan Mogot,
Jakarta Barat
Speaker:
- Kartika Wirjoatmodjo,
Wamen BUMN RI
- Darmawan Junaidi, Dirut
BMRI
- Prof. Edward Buckingham,
Dir Master in Business,
Monash Univ Indonesia
Strategic Business Workshop Monday, 11 Mandiri University Kementerian BUMN
Wamen BUMN Rosan Roeslani September 2023 Kampus
Wijayakusuma-
Agenda: Jakarta Barat
Strategi Business Workshop
Wamen BUMN Rosan Roeslani
Top Executive Learning Tuesday, 19 Auditorium The BSU
Program (TELP) - Series III 2023 September 2023 Tower Fl. 6
Theme: Professional Judgement
and Decision Making
Workshop Superapp Thursday, 12 Wisma Mandiri BSI
Operational Readliness Oktober 2023
3. Ngatari Mandiri Leadership Forum Thursday, 26 Hotel Four Points PT. Bank Mandiri (Persero)
Director 2023 January 2023 Manado Tbk
Seminar dan Muskernas Saturday, 28 Marriot Hotel ASBISINDO
Asbisindo January 2023 Harbour Bay
Batam
Global Islamic Finance Summit Wednesday, 15 Ritz Carlton Hotel BSI
2023 with Theme: International February 2023 Jakarta
Prominent Lecture Session :
"Islamic Finance For The Real
Sector Development"
Global Islamic Finance Summit Thursday, 16 Ritz Carlton Hotel BSI
2023 with Theme "BSI Wealth February 2023 Jakarta
Insight : Creating Values in
Times Uncertainly"
Top Executive Learning Wednesday, 8 via Online : BSU
Program (TELP) - Series I Tahun March 2023 Zoom Webinar
2023
Speaker:
Linnea Gandhi
Adjunct Assistant Professor
of Behavioral Science, The
Wharton School
AML/CFT Implementation Thursday, 13 April The Tower Lt 6 BSI
Training for Senior 2023
Management.
Speaker: Dr. Ivan Yustiavandana
(Head of PPATK RI)
382 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Sharing Session Board Forum Thursday, 10 Best Western PT. Bank Mandiri (Persero)
Q2 2023 August 2023 Premier Panbil Tbk
Theme: Hotel, Batam
Empowering Indonesia’s
Ascent - Mandiri Group’s Role
in The Emergence Of a Global
Economic Leader
Gratification Control Wednesday, 23 The Tower Lt 6 BSI
Forum Leader: Improve August 2023
Anti-corruption and Anti-
gratification Culture
TELP series II Th 2023. Culture Thursday, 24 Online BSI
Innovation August 2023
Seminar on Integrated Wednesday, 06 The Tower Lt 6 BSI dan Asbisindo
Risk & Compliance (GRC) September 2023
Implementation in Islamic
Banking Era 4.0
TELP series III 2023 - Tuesday, 19 The Tower Lt 6 BSI
Professional Judgement and September 2023
Decision Making
4. Anton Sukarna Mandiri Leadership Forum Thursday, 26 Hotel Four Points PT. Bank Mandiri (Persero)
Director 2023 January 2023 Manado Tbk
Seminar and Muskernas Saturday, 28 Marriot Hotel ASBISINDO
Asbisindo January 2023 Harbour Bay
Batam
Global Islamic Finance Summit Wednesday, 15 Ritz Carlton Hotel BSI
2023 with Theme: International February 2023 Jakarta
Prominent Lecture Session :
"Islamic Finance For The Real
Sector Development"
Global Islamic Finance Summit Thursday, 16 Ritz Carlton Hotel BSI
2023 with Theme "BSI Wealth February 2023 Jakarta
Insight : Creating Values in
Times Uncertainly"
Market Outlook 2023 Thursday, 16 The Langham Mandiri Investasi
Managing Uncertainty in More March 2023 Jakarta
Challenging Word
AML/CFT Implementation Thursday, 13 April The Tower Fl. 6 BSU
Training Activities for Senior 2023
Management in 2023
Business Ecosystem Training Thursday - Friday, Hotel Gran Melia BSU
8-9 June 2023 Jakarta dan Online
FGD of Mandiri Group Financial Thursday, 27 July Ruang Meeting PT. Bank Mandiri (Persero)
Center Initiative 2023 Wing Kiri, Tbk
Auditorium Fl.3
Plaza Mandiri
Knowledge Sharing Forum Monday, 7 August The Tower Fl. 3 BSU
(KSF) Wealth Management 2023
Board Forum Q2 2023 Thursday -Friday, Best Western PT. Bank Mandiri (Persero)
10-11 August Premier Panbil Tbk
2023 Hotel, Batam
Invitation to Leadership Forum Wednesday 23 The Tower Fl. 6 CSG
on Gratification Control August 2023
TELP Series 2 Program in 2023 Thursday, 24 Virtual BSU
August 2203
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Name and
No. Training Time Place Organizer
Position
Seminar Nasional Implementasi Wednesday, 6 The Tower Fl. 6 APG
GRC Terintegrasi Pada September 2023
Perbankan Syariah di Era 4.0
Acara Gathering Rekanan BSI Friday, 8 Wisma Mandiri PPG
September 2023 Fl. 11
Muhasabah Brainstorming Tuesday, 12 Novotel Bogor CSG
Corplan BSI September 2023
Pelaksanaan Kegiatan TOP Tuesday, 19 Virtual BSU
Executive Program (TELP) - September 2023
Series 3 Tahun 2023
Narasumber Seminar FESYAR Friday, 29 Atrium Pakuwon Bank Indonesia
2023 September 2023 Mall Surabaya
Theme:
Penguatan Literasi dan Inklusi
Keuangan Berbasis Syariah
Speaker for Airlangga Saturday, 7 Balai Pemuda Airlangga University
Iqtishoduna Sharia Festival October 2023 Surabaya
(AISF) 2023
Theme: Optimizing the Role
of Islamic Banks in Integrating
the Functions of Commercial
Finance, Social Finance, and the
Real Sector in the Development
of Islamic Economic and
Financial Ecosystems
Observasi Corporate Friday, 20 October The Tower Fl. 6 BSI
Governance Perception Index 2023
(CGPI)
Board Forum Q3 2023 BMRI Wednesday, Mandiri University PT. Bank Mandiri (Persero)
November 1, 2023 Tbk
Forum Group Disucussion Monday, 4 Hotel Mulia BSI
Komisi XI DPR RI December 2023 Senayan Jakarta
5. Ade Cahyo Workshop Architecture IT and 19 - 20 Jan 2023 Hotel Bidakara BSI
Nugroho Business Strategy
Director
Mandiri Leadership Forum Thursday, 26 Hotel Four Points PT. Bank Mandiri (Persero)
2023 January 2023 Manado Tbk
Global Islamic Finance Wednesday, 15 Ritz Carlton Hotel BSI
Summit 2023 dengan Theme: February 2023 Jakarta
International Prominent
Lecture Session : "Islamic
Finance For The Real Sector
Development"
Global Islamic Finance Summit Thursday, 16 Ritz Carlton Hotel BSI
2023 dengan Theme "BSI February 2023 Jakarta
Wealth Insight : Creating
Values in Times Uncertainly"
384 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name and
No. Training Time Place Organizer
Position
Top Executive Learning Wednesday, 8 via Online : BSU
Program (TELP) - Series I Tahun March 2023 Zoom Webinar
2023
Speaker:
Linnea Gandhi
Adjunct Assistant Professor
of Behavioral Science, The
Wharton School
Training Strategi Finance 12-16 June 2023 Laussanne- International Institute
Switzerland for Management
Development (IMD)
Sharing Session Board Forum Thursday, 10 Best Western PT. Bank Mandiri (Persero)
Q2 2023 August 2023 Premier Panbil Tbk
Theme: Empowering Hotel, Batam
Indonesia’s Ascent - Mandiri
Group’s Role in The Emergence
Of a Global Economic Leader
Invitation to the Friday, 24 August Virtual BSI
Implementation of Top 2023
Executive Learning Program
(TELP) Series 2 in 2023
Speaker: Reuben Jayasinghe -
Digital Innovation Leader AWS
Undangan Seminar Wednesday, 6 Auditorium The BSI
“Implememtasi Governance, September 2023 Tower Fl. 6
Risk & Compliance (GRC)
Terintegrasi pada Perbankan
Syariah di Era 4.0
Undangan Strategic Business Monday, 11 Kampus Kementerian BUMN
Workshop Wakil Menteri September 2023 Wijayakusuma,
BUMN Rosan Roeslani Grogol Jakarta
Barat
Muhasabah Brainstorming Tuesday, 12 Hotel Novotel BSI
Corplan BSI September 2023 Bogor
6. Tribuana Mandiri Leadership Forum Thursday, 26 Hotel Four Points PT. Bank Mandiri (Persero)
Tunggadewi 2023 January 2023 Manado Tbk
Director
Seminar dan Muskernas Saturday, 28 Marriot Hotel ASBISINDO
Asbisindo January 2023 Harbour Bay
Batam
Speaker Sharing Session on Thursday, 02 Hotel JW Marriot Otoritas Jasa Keuangan
Strengthening Sharia Business February 2023 Medan
Units in connection with the
enactment of Law No.4/2023
on P2SK
Global Islamic Finance Wednesday, 15 Ritz Carlton Hotel BSI
Summit 2023 dengan Theme: February 2023 Jakarta
International Prominent
Lecture Session : "Islamic
Finance For The Real Sector
Development"
Global Islamic Finance Summit Thursday, 16 Ritz Carlton Hotel BSI
2023 dengan Theme "BSI February 2023 Jakarta
Wealth Insight : Creating
Values in Times Uncertainly"
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 385
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Name and
No. Training Time Place Organizer
Position
Top Executive Learning Wednesday, 8 via Online : BSU
Program (TELP) - Series I Tahun March 2023 Zoom Webinar
2023
Speaker:
Linnea Gandhi
Adjunct Assistant Professor
of Behavioral Science, The
Wharton School
Pelatihan Implementasi Thursday, 13 April Auditorium The BSI
APUPPT 2023 Tower Fl.6
Webinar “Waspada Modus Thursday, 3 via Online : Otoritas Jasa Keuangan
Penipuan Gaya Baru” August 2023 Zoom Webinar
Sharing Session Board Forum Thursday, 10 Best Western PT. Bank Mandiri (Persero)
Q2 2023 August 2023 Premier Panbil Tbk
Theme: Empowering Hotel, Batam
Indonesia’s Ascent - Mandiri
Group’s Role in The Emergence
Of a Global Economic Leader
Menjadi Moderator dalam Monday, 28 via Online : Forum Komunikasi
Webinar FKDKP dengan August 2023 Zoom Webinar Direktur Kepatuhan
Theme: "Efektivitas Digital
Maturity Assessment dalam
Mengukur Kematangan
Transformasi Digital
Perbankan"
Seminar "Implementasi Wednesday, 6 Auditorium The BSI dan ASBISINDO
Governance, Risk & Compliance September 2023 Tower Fl.6
(GRC) Terintegrasi pada
Perbankan Syariah di Era 4.0
Undangan Menghadiri Strategic Monday, 11 Mandiri University Kementerian BUMN
Business Workshop Wakil September 2023 Kampus
Menteri BUMN Rosan Roeslani Wijayakusuma
Top Executive Learning Tuesday, 19 Auditorium The BSU
Program (TELP) - Series III September 2023 Tower Fl. 6
Tahun 2023
Theme: Professional Judgement
and Decision Making
Workshop Penyusunan Action Thursday, 4 Hotel Gran Melia BSI
Plan Implementasi Undang- October 2023 Jakarta
Undang Perlindungan Data
Pribadi
Webinar FKDKP dengan Tuesday, 10 via Online : Forum Komunikasi
Theme: “Peluang, Harapan October 2023 Zoom Webinar Direktur Kepatuhan
dan Tantangan Perekonomian
Nasional”
Menjadi Narasumber dalam Wednesday, 25 via Online : BSI
Webinar Knowledge Sharing October 2023 Zoom Webinar
Forum
Theme: "Penguatan Legal
Officer untuk Mendukung
Pertumbuhan Bisnis yang
Sustain"
386 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
Name and
No. Training Time Place Organizer
Position
Knowledge Sharing Forum LGG Monday, 13 Hotel Pullman BSI
dengan Theme “Bagaimana November 2023 Jakarta
Langkah Bank dalam Mengelola
Data Pribadi dan Pembuktian
Data Elektronik agar Terhindar
dari Masalah Hukum?"
Workshop Module II Program Friday - Saturday, Hotel Merusaka Kementerian BUMN
CHRO School KBUMN Tahun 17 - 18 November Nusa Dua Bali
2023 2023
FGD FKDKP dengan Theme Monday, 27 Auditorium The Forum Komunikasi
"Implementasi APU PPT November 2023 Tower Fl. 6 Direktur Kepatuhan
& PPPSPM dan Kewajiban
Pelaporan"
Risk and Governance Thursday, 30 Shangri-La Otoritas Jasa Keuangan
Summit (RGS) tahun 2023 November 2023 Ballroom Hotel
dengan Theme "Sustainable Fl. 2
Governance: Digital
Transformation as a Game
Changer, Ethical Culture as a
Value Keeper"
Seminar Merger dan Akuisisi di Thursday, 30 Aryanusa Kementerian BUMN
BUMN November 2023 Ballroom Gedung
Danareksa
Menjadi Narasumber Pararel Saturday, 2 Gedung ASEEC Universitas Airlangga
Session dalam Acara Seminar December 2023 Tower Universitas
Nasional Dies Natalis Sekolah Airlangga,
Pascasarjana Universitas Surabaya
Airlangga 2023 dengan Theme
"Membangun Sumberdaya
Manusia Menuju Indonesia
Emas 2045"
Mandiri Sustainability Forum Thursday, 7 Auditorium Plaza PT. Bank Mandiri (Persero)
(MSF) 2023 December 2023 Mandiri Fl. 3 Tbk
Operating Model Forum (OMF) Friday, 8 BRIlian Tower CHRO School KBUMN
tindak lanjut O2V Survey December 2023 Fl. 28
CHRO School KBUMN
Workshop Rencana Monday, 11 The Ritz-Carlton Otorita IKN
Pengembangan International December 2023 Jakarta, Mega
Financial Center di Ibu Kota Kuningan
Nusantara JI. DR. Ide Anak
Agung Gde Agung
No.1
7. Zaidan Novari Mandiri Leadership Forum Thursday, 26 Hotel Four Points PT. Bank Mandiri (Persero)
Director 2023 January 2023 Manado Tbk
Workshop CBDO Innovation Friday - Saturday, The Laguna Hotel, PT. Bank Mandiri (Persero)
School Cohort 1 Tahun 2023 10 - 11 February Bali Tbk
2023
Global Islamic Finance Wednesday, 15 Ritz Carlton Hotel BSI
Summit 2023 dengan Theme: February 2023 Jakarta
International Prominent
Lecture Session : "Islamic
Finance For The Real Sector
Development"
Global Islamic Finance Summit Thursday, 16 Ritz Carlton Hotel BSI
2023 dengan Theme "BSI February 2023 Jakarta
Wealth Insight : Creating
Values in Times Uncertainly"
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Name and
No. Training Time Place Organizer
Position
Chief Business Development June 2023 Via Online : Virtual Ministry of SOE
Officer Innovation School Zoom
BUMN School of Excellence
Sharing Session Board Forum Thursday, 10 Best Western PT. Bank Mandiri (Persero)
Q2 2023 August 2023 Premier Panbil Tbk
Theme: Empowering Hotel, Batam
Indonesia’s Ascent - Mandiri
Group’s Role in The Emergence
Of a Global Economic Leader
Acara Implementasi GRC pada Wednesday, 6 The Tower Fl. 6 Asbisindo
Perbankan Syariah di Era 4.0 September 2023
Pelaksanaan Kegiatan TELP - Tuesday, 19 Sept Auditorium Fl.6., BSU
Series 3 Tahun 2023 2023 The Tower
Theme: Professional Judgment
and Decision Making
Observasi Corporate Friday, 20 Okt Auditorium Fl.6., BSU
Governance Perception Index 2023 The Tower
(CGPI)
8. Moh. Adib Global Islamic Finance Wednesday, 15 Ritz Carlton Hotel BSI
Director Summit 2023 dengan Theme: February 2023 Jakarta
International Prominent
Lecture Session : "Islamic
Finance For The Real Sector
Development"
Narasumber dalam kegiatan Thursday, 13 April Main Hall, Bursa SMF (Sarana Mutrigriya
Sosialiasi Edukasi (Sos-Edu) 2023 Efek Indonesia, Finansial)
dengan Theme EBAS - SP Indonesia Stock
Exchange 1 Tower,
Sudirman
Workshop sustainability Thursday, 3 ST Regis Hotel JIF (Jakarta Investnent
reporting for companies - new August 2023 jakarta Forum)
port dgn Theme "Global city
and beyond"
Sharing Session Board Forum Thursday, 10 Best Western PT. Bank Mandiri (Persero)
Q2 2023 August 2023 Premier Panbil Tbk
Theme: Empowering Hotel, Batam
Indonesia’s Ascent - Mandiri
Group’s Role in The Emergence
Of a Global Economic Leader
Leadership Forum pengendalian Wednesday, 23 Auditorium Fl.6., BSI
Gratifikasi August 2023 The Tower
Pelaksanaan Kegiatan Top Thursday, 24 Online BSU
Executive Larning Program August 2023
(TELP) - Series 2 Tahun 2023
Narsum: Reuben Jayainghe -
Digital Innovation Leader AWS
(Amazon Web Services)
Menghadiri Acara Seminar Wednesday, 6 Auditorium Fl.6., Asbisindo & BSI
Nasional Implementasi GRC Sept 2023 The Tower
Terintegrasi pada Perbankan
Syariah di Era 4.0 (Kerjasama
antara BSI dan Asbisindo)
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Review Responsibility
Name and
No. Training Time Place Organizer
Position
Pelaksanaan Kegiatan TELP - Tuesday, 19 Sept Auditorium Fl.6., BSU
Series 3 Tahun 2023 2023 The Tower
Theme: Professional Judgment
and Decision Making
9. Saladin Pendidikan Dasar Perbankan Saturday, 10 June Online ASBISINDO
D. Effendi Syariah 2023
Director
Kompetensi Manajemen Resiko Monday, 12 June Kantor LSP KS LSPKS
Level 5 2023
Sharing Session Board Forum Thursday, 10 Best Western PT. Bank Mandiri (Persero)
Q2 2023 August 2023 Premier Panbil Tbk
Theme: Empowering Hotel, Batam
Indonesia’s Ascent - Mandiri
Group’s Role in The Emergence
Of a Global Economic Leader
Knowledge Sharing Forum Monday, 7 August The Tower Fl. 3 BSU
(KSF) Wealth Management 2023
Undangan Acara Leadership Wednesday 23 The Tower Fl. 6 BSI
Forum Pengendalian Gratifikasi August 2023
Program TELP Series 2 Tahun Thursday, 24 Virtual BSU
2023 August 2203
Seminar Nasional Implementasi Wednesday, 6 The Tower Fl. 6 BSI
GRC Terintegrasi Pada September 2023
Perbankan Syariah di Era 4.0
Muhasabah Brainstorming Tuesday, 12 Novotel Bogor BSI
Corplan BSI September 2023
Menjadi Speaker dalam Taspen Thursday, 19 Pullman Jakarta Taspen
GRC Insight Forum (TGIF) October 2203 Central Park
Theme: Information Technology
(IT) Security
Board Forum Q3 – 2023 Wednesday, 1 Mandiri University PT. Bank Mandiri (Persero)
Mandiri Group November 2023 - Kampus Tbk
Theme: Rise To The Future For Nawasena
A Stronger Indonesia
Menjadi Narasumber Wednesday, 8 Sheraton Hotel Bank Indonesia
Workshop Internal Control November 2023 Kuta, Bali
Officer Semester – II Tahun
2023 Bank Indonesia
Menjadi Narasumber Sharing Jum'at, 17 Mandiri Club Perbanas
Session Perbanas November 2023
Theme: Penanganan dan
Pengamanan Insiden Siber
Rapat Kerja Task Force Cyber Jum'at, 8 Hotel Golden Kementerian BUMN
Security KBUMN December 2023 Tulip, Pontianak
Product Meeting Temenos T24 Wednesday- Temenos India Temenos
Thursday, 13-14 Private Limited,
December 2023 Chennai, India
10. Grandhis Pendidikan Dasar Perbankan Saturday, 10 June Online ASBISINDO
Helmi Syariah 2023
Harumansyah
Director
Kompetensi Manajemen Resiko Monday, 12 June Kantor LSP KS LSPKS
Level 5 2023
Payment Security Forum Thursday, 03 The Residence VISA
August 2023 OnFive, Grand
Hyatt
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 389
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Name and
No. Training Time Place Organizer
Position
Sharing Session Board Forum Thursday, 10 Best Western PT. Bank Mandiri (Persero)
Q2 2023 August 2023 Premier Panbil Tbk
Theme: Empowering Hotel, Batam
Indonesia’s Ascent - Mandiri
Group’s Role in The Emergence
Of a Global Economic Leader
Top Exexutive Learning Thursday, 24 Online BSU
Program (TELP) - Series 2 August 2023
Strategic Business Workshop 11-Sep-23 Mandiri University KBUMN
Wakil Menteri BUMN Rosan Kampus Wijaya
Roelani Kusuma
TELP series III 2023 - Tuesday, 19 The Tower Lt 6 BSI
Professional Judgement and September 2023
Decision Making
Seminar Enhancing Thursday, 26 Balai Sidang - JCC Bank Indonesia
Digitalization In The Islamic October 2023
Financial Institution : Risk
Prevention, Mitigation and
Resolution
Sharing Session Board Forum Wednesday, 1 Mandiri University PT. Bank Mandiri (Persero)
Q3 2023 November 2023 Kampus Wijaya Tbk
Theme : Political and Business Nawasena
Outlook 2023
IMPLEMENTATION OF DUTIES AND 11. Drafting provisions on the Company personnel
DECISIONS OF THE BOARD OF DIRECTORS including salaries, retirements, promotions,
During 2023, the Board of Directors carried out its trainings, post-employment insurance, health
duties and responsibilities, as given below: insurance and others.
1. Preparing and implementing a Corporate Plan.
2. Holding Board of Directors Meetings. The decisions issued by the Board of Directors during
3. Holding a Financing Committee approval meeting, 2023 include:
4. Distributing financing to related parties as 1. Latest BSI Organizational Structure
regulated in applicable laws and regulations. 2. Productivity Enhancement
5. Preparing the Company’s Business RAKP for 2023. 3. 2023 Treasury Strategy
6. Preparing the Company’s Sustainability RAKP for 4. Build Operate and Asset Transfer (BOT)
the 2023 Financial Year. Collaboration
7. Holding meetings with the Company’s Board of 5. IT & Business Strategy Alignment
Commissioners and Sharia Supervisory Board. 6. Bank Business Plan (RBB)
8. Conducting Write off of bad debts in accordance 7. BSI SuperApp new branding
with the provisions as stipulated in the Company’s 8. Issuance of BSI Subordinated Sukuk 2023
Articles of Association and then reporting them to 9. Issuance of Sukuk without a Public Offering in BSI’s
the Board of Commissioners. activities as a Tapera Syariah KPR Distributing Bank
9. Representing the Bank in collaborating with third 10. Establishment of a Project Management Office
parties in various fields including business and Strengthening IT, Operation and Human Capital
support. functions
10. Conducting education, literacy and inclusion 11. Project of Saudi Branch opening
activities to improve Sharia Bank products and 12. Sustainable Financial Action Plan (RAKB)
services (Sharia Financial Literacy). 13. Upgrade of Temenos system
390 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
ASSESSMENT OF THE BOARD OF DIRECTORS’ PERFORMANCE
The performance of the Board of Directors is assessed by shareholders at the General Meeting of Shareholders (GMS).
The assessment is made based on the achievement of the predetermined key performance indicators (KPI) approved
by shareholders, the Board of Commissioners, and the Board of Directors.
Assessment Based on KPI
Assessment Procedure
The performance of the Board of Directors, which is self-assessed, is reported to shareholders through the GMS.
Criteria for Evaluation of the Board of Directors Performance
The evaluation criteria of Directors’ performance are based on Key Performance Indicators (KPI), namely:
1. PBV (Price to Book Value)
2. BSI Net Profit
3. Bank Health Level Rating
4. Assets
5. Number of Digital Customers
6. Implementation of the Merger Process Strategic Initiative
7. Employee Productivity
Party Authorized to Make Assessment
The performance of the Board of Directors is assessed by the Board of Commissioners and the GMS. The assessment
basis refers to key performance indicators (KPIs). The implementation of the duties and responsibilities of the Boards
of Commissioners and Directors, along with their achievements in the 2023 period, will be presented and accounted
for at the GMS to be held in 2024.
Score of Assessments of Directors’ Performance
The assessment of BSI Director performance in 2023 earned a score of 105.38 with the following details:
Wight December 2023
No. KPI Target Description Nature
(%) Real Target Achievement Score
1. ROE (Return 15% 15.49% Return on Equity Max 16.88% 15.49% 108.92% 16.34
on Equity) December 2023
2. Net Profit 20% Rp5,151 Profit After Tax Max Rp5,704 Rp5,151 110.72% 22.14
Billion and Zakat Billion Billion
3. Bank’s 20% 2 Bank Soundness Min 2 2 100.00% 20.00
Soundness Level Composite
Level Rating
4. Financing 20% Rp239,009 BSI Financing Max Rp240,316 Rp239,009 100.55% 20.11
Billion December 2023 Billion Billion
5. BSI strategic 15% 189.64% Deliverables Max 194.35% 189.64% 102.48% 15.37
Initiatives in within the
2023 timeline in 2023
6. Employee 10% Rp279 Net profit/ Max Rp318 Rp279 114.15% 11.41
Productivity Million/ employee Million/ Million/
employee employee employee
Total 100% 111,33
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 391
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Assessment of Directors’ Performance Through GCG Self-Assessment in Accordance with
OJK Regulations
The Board of Directors’ assessment regarding GCG refers to Financial Services Authority Circular Letter No. 13/
SEOJK.03/2017 concerning the Implementation of Governance for Commercial Banks and No. 10/SEOJK.03/2014
concerning the Assessment of the Soundness Level of Sharia Commercial Banks and Sharia Business Units. The
implementation of the GCG Self Assessment is conducted every semester and is reported to the OJK for approval.
Assessment results are submitted to the OJK along with the assessment of the Bank’s GCG implementation.
Procedures for Assessing the Performance of the Board of Directors
The assessment of the performance of the Board of Directors is part of the implementation of the Bank’s GCG self-
assessment that is made every semester. Hence, it follows the procedure for the Bank’s GCG assessment.
Criteria for Assessment of Board of Directors Performance
The criteria for self-assessment of the Board of Directors performance regarding GCG implementation are divided
into 3 (three) groups: Governance Structure, Governance Process and Governance Outcome. Governance Structure
consists of 14 indicators; Governance Process consists of 25 indicators; and Governance Outcome consists of 14
indicators.
The Party Authorized to Make Assessment of the Board of Directors Performance
The parties referred to above the Board of Directors and Board of Commissioners who must obtain approval and
supervision from the OJK.
Assessment of Performance of Committees Under the Board of Directors and the Basis
In discharging its management duties, the Board of Directors is assisted by its supporting committees, also referred to
as Executive Committees, consisting of 7 (seven) Committees, namely:
1. Risk Management Committee
2. IT Steering Committee
3. Policy and Procedure Committee
4. Business Committee
5. Steering Committee Crisis Management – Business Continuity Management Committee
6. Human Capital Committee
7. Assets and Liabilities Committee (ALCO)
Assessment Procedure
The Committees under the Board of Directors are assessed independently or through self-assessment. Assessment
results are submitted to the Board of Directors for review.
Criteria and Assessment Results
No. Committee Assessment Criteria Based on Responsibilities Committee Assessment Results
1 Risk Management Committee A committee set up to assist the Board of Directors in running “Good”
the function of implementing risk management periodically/
incidentally due to changes in the bank’s external and internal
conditions which affect capital adequacy and risk profile.
2 IT Steering Committee A committee set up to assist the Board of Directors in devising “Good”
IT strategic plans and budgeting, determining strategic IT
projects and IT security, with the composition of membership,
duties, authority and responsibilities to carry out duties and
responsibilities referred to to the provisions of the Company’s
Articles of Association and regulations
392 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
No. Committee Assessment Criteria Based on Responsibilities Committee Assessment Results
3 Policy and Procedure A committee set up to assist the Board of Directors in “Good”
Committee recommending/establishing other policies and procedures than
the risk management policy along with updates to be issued.
During 2023, the Policy and Procedure Committee has effectively
carried out its duties.
4 Steering Committee Crisis A committee formed to assist the President Director in order to “Good”
Management - Business make decisions, determine strategies and policies for handling
Continuity Management disaster impacts including the conditions of the covid-19
pandemic disaster.
5 Business Committee A committee assigned to assist the Board of Directors in business “Good”
functions including marketing, relationship management based
on predetermined target markets/target customers and in
making analysis and decisions.
6 Human Capital Committee A committee assigned to assist the Board of Directors in ensuring “Good”
that the the Human Capital Policy is executed optimally and in
accordance with the Company’s direction and strategy.
7 Asset and Liability Committee A committee assigned to assist the Board of Directors in “Good”
(ALCO) ensuring the achievement of an optimum level of profitability and
controlled liquidity risk, through establishing asset and liability
management strategy policies.
DIVERSITY IN THE COMPOSITION OF THE BOARD OF COMMISSIONERS AND BOARD OF
DIRECTORS
Diversity of the Board of Commissioners
Name Position Period Age Gender Education/Skills Experience
Muliaman D. President 2023- 63 M • Doctor of • Indonesian Ambassador to Switzerland
Hadad*) Commissioner/ 2026 Years Philosophy • Chairman of the Board of
Independent Old • Master Degree Commissioners of the Financial
Commissioner in Public Services Authority
Administration • Deputy Governor of Bank Indonesia
• Bachelor Degree in • Member of the Board of
Economics Commissioners of the Deposit
Insurance Corporation
Adiwarman Vice President 2021- 60 M • Master of • Sharia Supervisory Board of PT
Azwar Karim Commissioner/ 2024 Years Arts Degree in Manulife Aset Manajemen Indonesia
Independent Old Economics and • Member of the Sharia Supervisory
Commissioner Economic Policy Board PT Veritra Sentosa Internasional
• Master Degree • Founder, KARIM Consulting Indonesia
in Business • Founder, KARIM Business Consulting
Administration • Independent Commissioner of Bank
in General Sahabat Sampoerna
Management
• Bachelor Degree in
Economics
• Bachelor of
Agricultural
Economics
Suyanto Commissioner 2021- 61 M • Doctoral Degree in • Special Staff to the Head of BIN at the
2024 Years Economics State Intelligence Agency
Old • Master Degree • Independent Commissioner of PT Bank
in Universal War Syariah Mandiri
Defense Strategy • Middle Agent, on the Expert Staff,
• Bachelor Degree Natural Resources and Environment of
in Development the State Intelligence Agency
Economics • Expert Staff to the Head of BIN for
SDA-LH
• Director for Asia Middle East Pacific
at Deputy I of the State Intelligence
Agency
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 393
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Name Position Period Age Gender Education/Skills Experience
Masduki Commissioner 2021- 65 M • Bachelor Degree • Head of Information & Communication
Baidlowi 2024 Years Tarbiyah (Spokesperson for the Vice President)
Old • Bachelor Degree in • Commissioner of PT Bank Syariah
Arabic Literature Mandiri
• Member of the DPR RI, member of
Commission IV for Agriculture and
Maritime Affairs
• Member of Commission I for Foreign
Policy
• Member of the DPR RI, Chair of
Commission X in the field of Education
Imam Budi Commissioner 2021- 64 M • Doctoral Degree in • Commissioner of PT Bank BNI Syariah
Sarjito 2024 Years Economics • Director of Compliance and Corporate
Old • Master Degree in Risk of BNI
Economics • Commissioner of PT Bank BNI Syariah
• Bachelor Degree in • Head of Enterprise Risk Management
Economics Division
• Head of BNI Strategic Planning
Division
• Deputy Head of BNI Strategic Planning
Division
Sutanto Commissioner 2021- 60 M Bachelor Degree • Commissioner of PT Bank BRI Syariah
2024 Years in Business • Head of Internal Audit, Bandung
Old Administration Region Internal Audit
• Inspector, Semarang Inspection Office
• Inspector, Banda Aceh Inspection
Office
• Deputy Inspector, Audit Division KP,
KCK, UKLN & PA Internal Audit Head
Office
Abu Commissioner 2023- 47 M • Doctoral Degree in • Lecturer of Sociology and Law at UI
Rokhmad*) 2026 Years Law • Undergraduate lecturer in Law, Fiqh,
Old • Master Degree in Legal Politics and Agrarian Politics
Religious Study and Natural Resources at FISIP UIN;
• Bachelor Degree in Lecturer of Graduate Program in
Islamic Civil Law Approaches to Islamic Studies at PPS
UIN
• Lecturer in Sociology of Law at FISIP
UIN; Lecturer of Graduate Program in
Sociology of Law Program at PPS UIN
• Lecturer of Undergrad Program in
Sharia Economics Fiqh Principles FEBI
UIN
M. Arief Independent 2021- 37 M • Master of Health • Independent Commissioner of PT Bank
Rosyid Commissioner 2024 Years • Bachelor of Syariah Mandiri
Hasan**) Old Dentistry • Volunteering Coordinator Team for
the Acceleration of Handling Covid-19
Task Force
• Indonesian Ministry of Youth and
Sports Youth Services Working Group
• Commissioner of Merial Health
• Chairman/Co-founder of
MillennialFest
394 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Name Position Period Age Gender Education/Skills Experience
Komaruddin Independent 2021- 70 M • Post-Doctorate • Dean of the Indonesian International
Hidayat Commissioner 2024 Years Research Program Islamic University (UIII)
Old • Doctoral Degree in • Independent Commissioner of PT Bank
Philosophy BNI Syariah
• Master Degree in • Supervisor of the Madania Education
Philosophy Foundation
• Bachelor Degree in • Member of South Timor and Candidate
Ushuluddin Members of the Indonesian KPU and
Indonesian Bawaslu
• Lecturing Professor at the Faculty of
Psychology, UIN Jakarta
Mohamad Independent 2022- 63 M • Doctor of • Secretariat of the Vice President of the
Nasir Commissioner 20225 Years Philosophy in Republic of Indonesia, Special Staff to
Old Accounting the Vice President for Bureaucratic
• Master of Science Reform
in Accounting • Independent Commissioner of PT Bank
• Bachelor of Mandiri (Persero) Tbk
Accounting • Minister of Ministry of Research,
Technology and Higher Education
• Dean of Diponegoro University
• Faculty Head of Diponegoto University
*) Effective in office on September 21, 2023
**) Resigned based on the letter dated November 6, 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
Diversity of the Sharia Supervisory Board
Name Position Period Age Gender Education/Skills Experience
Dr. K.H. Chairman 2021- 62 M • Doctoral Degree in • Chairman of the Daily Executive Board
Hasanudin, 2024 Years Sharia of the National Sharia Council of the
M.Ag Old • Master Degree in Indonesian Ulema Council
Sharia • Chairman of the Sharia Supervisory
• Bachelor Degree in Board of PT Sarana Multigriya Finansial
Sharia (Persero)
• Chairman of the Sharia Supervisory
Board of PT Trimegah Asset Management
• Chairman of the Sharia Supervisory
Board of PT Toyota Astra Finance
Services
• Member of the Sharia Accounting
Standards Council (DSAS) of the
Indonesian Association of Accountant
Experts
Dr. K.H. Member 2021- 56 M • Doctoral Degree in • Chairman of the Sharia Supervisory
Mohamad 2024 Years Islamic Economics Board of PT Asuransi Jiwa Manulife
Hidayat, Old and Finance Indonesia Sharia Business Unit
MBA, MH • Master Degree in • Chairman of the Sharia Supervisory
Law Board of the Sharia Business Unit of
• Master Degree PT Asuransi Allianz Life Indonesia
in Business • Chairman of the Sharia Supervisory
Administration Board of PT Bank Syariah Mandiri
• Bachelor Degree in • Member of the Sharia Supervisory Board
Sharia of PT Bank Syariah Mandiri
• Member of the Sharia Supervisory Board
of the Sharia Business Unit of PT Bank
Tabungan Negara Tbk
Dr. H. Oni Member 2021- 48 M • Doctoral Degree in • Member of the Sharia Supervisory Board
Sahroni, MA 2024 Years Muqaran Fiqh of PT BNP Paribas Investment Partners
Old • Master Degree in • Member of the Sharia Supervisory Board
Muqaran Fiqh of PT Adira Dinamika Multi Finance Tbk
• Bachelor’s degree Sharia Business Unit
in Islamic Sharia • Member of the Sharia Supervisory Board
of the Sharia Business Unit of PT Bank
Maybank Indonesia Tbk
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 395
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
BOARD OF
DIRECTORS
Name Position Period Age Gender Education/Skills Experience
Prof. Dr. Member 2021- 72 M • Doctoral Degree in • Chairman of the Sharia Supervisory
K.H. Didin 2024 Years Religious /Islamic Board of PT Mandiri AXA General
Hafidhuddin, Old Studies (Zakat) Insurance (MAGI) Syariah
M.Sc • Diploma in Arabic • Chairman of the Sharia Supervisory
• Master Degree Board of BPRS Amanah Ummah Bogor
in Development • Chairman of the Sharia Supervisory
Extension Board of PT Permodalan Nasional Madani
• Bachelor Degree in (Persero)
Sharia • Sharia Economic Community Expert
Council
• Chairman of the Sharia Supervisory
Board of PT Bank BRI Syariah Tbk
Diversity of the Board of Directors
Name Position Period Age Gender Education/Skills Experience
Hery Gunardi President 2021- 61 M • Doctoral Degree • President Director of PT Bank
Director 2024 Years in Business Syariah Mandiri
Old Management • Chairman of the Project Management
• Masters Degree Office for the Integration and Value
in Finance and Enhancement of State-Owned Islamic
Accounting Banks
• Bachelor Degree • Vice President Director of PT Bank
in Business Mandiri (Persero) Tbk
Administration • Director of Consumer & Retail
Transaction PT Bank Mandiri
(Persero) Tbk
• Director of Business & Network of PT
Bank Mandiri (Persero) Tbk
• Director of Small Business & Network
of PT Bank Mandiri (Persero) Tbk
• Director of Distributions of PT Bank
Mandiri (Persero) Tbk
• Director of Consumer Banking PT
Bank Mandiri (Persero) Tbk
• Director of Micro & Business Banking
of PT Bank Mandiri (Persero) Tbk
• President Commissioner of PT AXA
Mandiri Financial Services
• Director of Micro & Retail Banking
PT Bank Mandiri (Persero) Tbk
Bob Tyasika Vice 2022- 60 M • Master Degree • Director of Human Capital &
Ananta President 2025 Years in Business Compliance, PT Bank Negara
Director Old Administration Indonesia (Persero) Tbk
• Bachelor Degree in • Director of Treasury & International,
Accounting PT Bank Negara Indonesia (Persero)
Tbk
• Director of Risk Management, PT
Bank Negara Indonesia (Persero) Tbk
• Director of Planning & Operations,
PT Bank Negara Indonesia (Persero)
Tbk
• Director of Operations and
Information Technology, PT Bank
Negara Indonesia (Persero) Tbk
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Name Position Period Age Gender Education/Skills Experience
Ngatari Director 2021- 57 M Bachelor Degree in • President Director of PT Bank
of Retail 2024 Years Agricultural Science, BRIsyariah, Tbk
Banking Old Agricultural Studies/ • Regional Head of PT Bank Rakyat
Agricultural Product Indonesia (Persero) Tbk Bandung
Processing Regional Office
• Regional Head of PT Bank Rakyat
Indonesia (Persero) Tbk Jakarta 1
• Regional Head of PT Bank Rakyat
Indonesia (Persero) Tbk Makassar
• Regional Head of PT Bank Rakyat
Indonesia (Persero) Tbk Banjarmasin
Saladin D. Director of 2023- 49 M Bachelor BSc. • Head of Ciso Bank Mandiri Office
Effendi Information 2026 Years Mechanical Group
Technology Old Engineering • Head of IT Division, Bank Muamalat
Indonesia
• Head of IT Division, HSBC
Ade Cahyo Director of 2021- 45 M • Master Degree • Director of Finance, Strategy &
Nugroho Finance & 2024 Years in Business Treasury PT Bank Syariah Mandiri
Strategy Old Administration • Director of Finance & Strategy, PT
• Bachelor Degree in Bank Syariah Mandiri
Accounting • SEVP Finance & Strategy, PT Bank
Syariah Mandiri
• Director of Finance & Strategy, PT
Mandiri Tunas Finance
• SEVP/Deputy Director of PT Mandiri
Tunas Finance
Anton Director 2021- 52 M Bachelor of • Director of Distribution & Sales, PT
Sukarna of Sales & 2024 Years Animal Production Bank Syariah Mandiri
Distribution Old Technology • SEVP Distribution & Sales, PT Bank
Syariah Mandiri
• Regional Head – Region III/Jakarta,
PT Bank Syariah Mandiri
• Regional Head – Region VII/East
Indonesia, PT Bank Syariah Mandiri
• Group Head Commercial Banking
Group, PT Bank Syariah Mandiri
Tribuana Director of 2021- 56 F • Master of Law • Director of Compliance & Risk, PT
Tunggadewi Compliance 2024 Years • Notarial Specialist Bank BNI Syariah
& HR Old • Bachelor of Law • Senior Executive Vice President
(SEVP) Risk & Communications, PT
Bank BNI Syariah
• Senior Vice President (SVP)
Corporate Secretary, PT Bank Negara
Indonesia (Persero) Tbk
• Vice President (VP) Deputy
Corporate Secretary, PT Bank Negara
Indonesia (Persero) Tbk
• VP Deputy Leader 2 GCG Division
and Directors Bureau, PT Bank
Negara Indonesia (Persero) Tbk
Grandhis Director 2023- 42 M • Master of Business • Group Head Commercial Risk 1 Bank
Helmi of Risk 2026 Years Administration Mandiri 2020-Mei 2023
Harumansyah Management Old • Bachelor of • Head of Business Development Bank
Industrial Mandiri Singapore (BMSG)
Engineering • Head of Sea Port & Transportation
Department, Corporate Banking II &
IV Group Bank Mandiri
• Head of Energy, Corporate Banking
Department Group V Bank Mandiri
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Performance Management Report Company Profile Management Discussion and Analysis
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BOARD OF
DIRECTORS
Name Position Period Age Gender Education/Skills Experience
Zaidan Novari Director of 2022- 56 M • Master in Financial • Senior Vice President Commercial
Wholesale 2025 Years Management Banking 3 PT Bank Mandiri (Persero)
Transaction Old • Bachelor of Tbk
Banking Economics & • Vice President PT Bank Mandiri
Development (Persero) Tbk
Studies • Senior Account Manager PT Bank
Mandiri (Persero) Tbk
Moh Adib Director of 2022- 58 M • Master in • Director PT BRI Danareksa Sekuritas
Treasury & 2025 Years Agribusiness • SEVP Retail Capital Market, PT BRI
International Old Management Danareksa Sekuritas
Banking • Bachelor of • Head of Treasury Business Division,
Science Degree in PT Bank Rakyat Indonesia (Persero)
Agronomy Tbk
• Deputy Head of Treasury Business
Division, PT Bank Rakyat Indonesia
(Persero) Tbk
• Head of Credit Line Management,
International Business Division, PT
Bank Rakyat Indonesia (Persero) Tbk
398 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Nomination and Remuneration of
the Board of Commissioners, Board of
Directors, and Sharia Supervisory Board
NOMINATION POLICY
The process of Nomination and Election of the Board of Commissioners of Bank Syariah Indonesia refers to:
1. Limited Liability Company Law;
2. Legislation in the capital market sector;
3. Financial Services Authority Regulations; And
4. Other applicable laws and regulations related to the Bank’s business activities
NOMINATION PROCEDURE
The Board of Commissioners
The appointment of the Board of Commissioners of Bank Syariah Indonesia must meet the criteria established at
the time of appointment under applicable regulations. The Board of Commissioners is nominated and elected
through shareholder proposals to the GMS, with the Board of Commissioners and the Nomination and Remuneration
Committee’s recommendations taken into account. Before discussing the appointment and dismissal of the Board
of Commissioners at the GMS, information about the new Board of Commissioners candidates’ profiles should be
provided.
Shareholders
Give Proposals with Due
The Board of Commissioners Consideration on Recommendation General Meeting of Shareholders
Give Recommendation from Nomination and Remuneration Make Decision
Committee
The Board of Directors
The appointment of Directors of Bank Syariah Indonesia must meet the criteria established at the time of appointment
in accordance with applicable regulations. The Board of Directors is nominated and elected through shareholder
proposals to the GMS, with the Nomination and Remuneration Committee’s recommendations taken into account.
Prior to discussing the appointment and dismissal of Directors at the GMS, information about the new Director
candidates’ profiles should be provided.
Shareholders
Nomination and Remuneration
Give Proposals with Due General Meeting of Shareholders
Committee
Consideration on Recommendation Make Decision
Give Recommendation
from Nomination and Remuneration
Committee
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NOMINATION AND REMUNERATION OF
THE BOARD OF COMMISSIONERS, BOARD OF DIRECTORS, AND
SHARIA SUPERVISORY BOARD
POLICY
The Remuneration Governance Policy for the Board of Commissioners refers to and is guided by Financial Services
Authority Regulation No. 59/POJK.03/2017 dated 18 December 2017 concerning the Implementation of Governance
in Providing Remuneration for Sharia Commercial Banks and Sharia Business Units.
DETERMINATION PROCEDURE
In general, the procedure for determining remuneration for the Board of Commissioners, Directors and Sharia
Supervisory Board is carried out through the following stages:
1. The Nomination and Remuneration Committee evaluates the remuneration policies that apply to the Board of
Commissioners.
2. Next, the Nomination and Remuneration Committee will provide recommendations to the Board of Commissioners
regarding remuneration policies for the Board of Commissioners.
3. The Board of Commissioners submits proposed remuneration recommendations in the form of salary/honorarium
and bonuses to the Controlling Shareholders for approval by the GMS.
Nomination and Remuneration
Board of Commissioners General Meeting of Shareholders
Committee
Discussing Remuneration Ratifying Remuneration
Drafting Remuneration Review
REMUNERATION STRUCTURE • Non-Inventory Office Facilities
Remuneration policy and package are set by the Annual • Business Travel Facilities
General Meeting of Shareholders (AGMS) for the Board • Legal Aid Facilities
of Commissioners, the Board of Directors, and the • Leave Permission
Sharia Supervisory Board (DPS). Remuneration policies 3. Other allowances, namely facilities received that
and other facilities determined by the GMS include, are not in the form of finance (in kind) for the Sharia
among others: Supervisory Board, include:
1. Remuneration, income in the form of finance • Religious holiday allowance
(non-kind), including salary, allowances (net), • Retirement Benefits
compensation in the form of shares, bonuses and • Medical facility
other forms of remuneration; And • Business Travel Facilities
2. Other allowances, such as facilities received not
in the form of finance (in kind) for the Board of Indicators used to determine Remuneration for the
Commissioners and the Board of Directors, include: Board of Commissioners, the Board of Directors, Sharia
• Religious holiday allowance Supervisory Board.
• Retirement Benefits
• Housing and Utilities Allowance In determining the remuneration package, the
• Vehicle facilities and transportation allowance Nomination and Remuneration Committee has taken
• Medical facility into account:
• Club Membership Facilities and Professional 1. Financial performance.
Association Members 2. Fulfillment of the provision for asset losses.
• Communication Fee Facilities 3. Fairness with peer groups.
4. Consideration of BUS long-term targets and
strategies.
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The nominal amount of remuneration received by the Board of Commissioners, Sharia Supervisory Board, and
Directors during 2023 is as follows.
Details of Remuneration
Number of Recipients in 1 (One) Year
Board of Commissioners Board of Directors Sharia Supervisory Board
Type of Remuneration
Nominal Nominal Nominal
People People People
(in Rp million) (in Rp million) (in Rp million)
Honorarium/Salary 10 13,781,005,000 10 30,323,750,000 4 2,389,160,000
Housing Allowance - - 10 2,023,200,000 -
Transport Allowance 10 2,592,403,500
Holiday Allowance (religious) 10 1,031,355,000 10 2,431,850,000 4 190,040,000
Tantiem 10 25,695,500,000 10 60,496,000,000 4 3,825,000,000
Other Allowances
Transportation - -
Post-Employment Insurance 10 1,775,472,002 10 4,415,750,496 4 504,253,780
Health 10 906,045,535 10 1,078,290,532 4 415,280,770
Group Total Remuneration
Number of
Total Remuneration Number of Directors Number of DPS Members
Commissioners
Above Rp2 billion - 10 -
Above Rp1 billion-Rp2 billion 10 - -
Above Rp500 million-Rp 1 billion - - 4
Below Rp500 million - - -
Ratio of the Highest to the Lowest Salaries
Description Ratio 2023
The ratio of the highest to lowest employee salaries 68.4:1
The ratio of the highest directors to the lowest 1.6:1
The ratio of the highest commissioner to the lowest 1.1:1
The ratio of the highest director to the highest employee 1.6:1
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The Board of Commissioners
Supporting Bodies and Committees
SECRETARY TO THE BOARD OF The establishment of the Audit Committee aims to
COMMISSIONERS assist the Board of Commissioners with its oversight
The Board of Commissioners has a Secretary who is duties, especially those related to financial information,
appointed and dismissed by and is responsible to the the internal control system, the effectiveness of audits
Board of Commissioners. The Secretary of the Board of by internal and external auditors, the effectiveness of
Commissioners is tasked with managing the secretariat risk management implementation (together with the
of the Board of Commissioners. Risk Monitoring Committee), and compliance with
applicable laws and regulations.
Duties and responsibilities
Listed below are the duties and responsibilities of the Basis for Establishment
Secretary to the Board of Commissioners: The establishment of the Audit Committee is part of
1. Prepare meeting invitations for all participants the implementation of GCG principles, which refer
to be signed by the President Commissioner or to certain regulations. The Committee was formed
another member of the Board of Commissioners; through Directors’ Decree No. KEP: 03/267-KEP/DIR
2. Prepare the infrastructure needed for the meeting; dated July 13, 2023 on the Determination of Changes in
3. Distribute meeting agenda to all meeting Membership of the Audit Committee of PT Bank Syariah
participants; Indonesia Tbk, effective October 19, 2022.
4. Take minutes of and administer meeting decisions;
5. File the meeting minutes; Meanwhile, the regulations that serve as reference include:
6. Keep the confidentiality of meeting decisions until 1. Bank Indonesia Regulation No.11/33/PBI/2009 on
the decisions are announced; the Corporate Governance for Sharia Commercial
7. Deliver minutes of meetings to all meeting Banks and Sharia Business Units
members and other officials set at the Board of 2. Financial Services Authority Regulation No.
Commissioners Meeting; 55/POJK.04/2015 dated December 23, 2015
8. Make notes and monitor follow-up progress on the concerning the Establishment and Guidelines for
implementation of meeting decisions and report the Audit Committee.
follow-up actions to the Board of Commissioners. 3. Other regulatory provisions.
Implementation of Fiscal Year Assignments Duties and responsibilities
1. Assist the Board of Commissioners in maintaining Pursuant to the Audit Committee Charter, the following
the technical implementation of the rules of the are the duties and responsibilities of the Audit
Commissioners in an orderly manner; Committee:
2. Prepare minutes of the meeting to be approved at 1. Chairman of the Committee is tasked and
the next meeting; responsible for coordinating all audit committee
3. Prepare a report on the implementation of meeting activities to fulfill the committee’s objectives in
resolutions for review at the next meeting. accordance with its formation, including bearing
the responsibility for the following matters:
AUDIT COMMITTEE 1) Determine the annual work plan.
The Audit Committee is an organizational body under the 2) Determine the annual meeting schedule. Make
Board of Commissioners, pursuant to Financial Services periodic reports on the activities of the audit
Authority Regulation (POJK) No. 55/POJK.04/2015 on committee and other matters that need the
the Establishment and Work Guidelines of the Audit attention of the Board of Commissioners.
Committee. 3) Make periodic reports on the Committee’s
activities and matters that need the attention
of the Board of Commissioners.
4) Make a Self-Assessment of the effectiveness of
the Committee’s activities.
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5) Appoint non-Board of Commissioners Audit statements, projections and other financial
Committee members or appoint other third information.
parties as Committee secretaries to take notes b) Conduct in-depth review of the Company’s
of Committee Meetings and prepare Minutes Work Plan and Budget as well as the Long
of Committee Meetings. Term Plan of Bank Syariah Indonesia Tbk.
2. The Audit Committee is tasked and responsible for c) Conduct in-depth review of interim and
monitoring and evaluating the following matters: annual financial reports, both audited and
1) Planning and implementing audits as well as unaudited.
monitoring follow-up on audit results in order d) Study in depth the significant changes in
to assess the adequacy of the internal control numbers/values in the Balance Sheet and
system, including the adequacy of the financial Loss/Profit items.
reporting process. e) Conduct in-depth review of Other Assets
2) Effectiveness of internal and external auditor and Other Liabilities posts.
performance. f) Conduct in-depth review of Realization of
3) Reviewing the financial information that will be Work Plan and Budget reports and examine
released by PT Bank Syariah Indonesia Tbk to items that have significant differences.
the public and/or authorities, including financial g) Hold regular meetings with related work
statements and other reports pertaining to units and External Auditors who audit
the financial information of PT Bank Syariah PT Bank Syariah Indonesia Tbk. In order
Indonesia Tbk. to request additional information and
4) Reviewing regulatory compliance pertaining to clarification in the areas of accounting and
the activities of PT Bank Syariah Indonesia Tbk. finance.
5) Giving independent opinions in the event of h) Submit regular reports on the results of
differences of opinion between management monitoring and provide input on matters
and accountants with regards to the audit that need the attention of the Board of
services rendered. Commissioners.
6) Giving recommendations to the Board of
Commissioners on the appointment or dismissal 2) Internal Control
of accountants based on independence, scope Monitoring and evaluating the effectiveness
of assignment and compensation for services. of implementation and audit results by the
7) Reviewing the implementation of audits Internal Audit Work Unit and External Auditor
by internal auditors and overseeing the on the implementation of the internal control
implementation of follow-up actions by the system.
Board of Directors on the internal auditor’s a) Review and ensure that PT Bank Syariah
findings. Indonesia Tbk. has a standard internal
8) Reviewing complaints pertaining to the control system that complies with
accounting and financial reporting processes of applicable practices.
PT Bank Syariah Indonesia Tbk. b) Conduct in-depth review of the report
9) Reviewing and giving advices to the Board on the results of the audit by the Internal
of Commissioners on potential conflicts of Audit Work Unit and External Auditor
interest in PT Bank Syariah Indonesia Tbk. that do the audit work on PT Bank Syariah
3. The Audit Committee also has the duty and Indonesia Tbk. to ensure that internal
responsibility to identify matters that need the control has been property implemented.
attention of the Board of Commissioners, prepare c) Hold regular meetings with work units
concepts and analysis related to the function of the related to the internal control system and
audit committee, and carry out other tasks assigned its implementation.
to it by the Board of Commissioners, which include: d) Monitor and evaluate the implementation
1) Financial Statements of follow-up actions by the Board of
a) Monitor and evaluate financial Directors regarding audit findings resulting
information that will be issued by Bank from supervision by the Financial Services
Syariah Indonesia Tbk., such as financial Authority, Internal Audit Work Unit, Sharia
Supervisory Board and External Auditor.
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THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
e) Submit regular reports on the results of (4) One of the Public Accounting Firm
monitoring and provide input on matters officials and/or auditors invited to
that need the attention of the Board of participate in the tender is a former
Commissioners. key employee in the accounting and
3) Internal Audit. finance sector at PT Bank Syariah
Monitor and evaluate the implementation of Indonesia Tbk. who resigned less than
the duties of the Internal Audit Work Unit. 1 (one) year.
a) Evaluate the annual work plan of the (5) One of the key employees in
Internal Audit Work Unit. accounting and finance at PT Bank
b) Conduct in-depth review of all significant Syariah Indonesia Tbk. is a former
findings from the results of the internal Public Accounting official/auditor who
auditor’s examination. is invited to take part in a tender who
c) Evaluate the audit program and scope in resigned in less than 1 (one) year.
the context of implementing the Internal d) Study and ensure that PT Bank
Audit Work Unit’s annual work plan. Syariah Indonesia Tbk has standard
d) Evaluate the implementation of the audit procedures and is in accordance with
by the Internal Audit Work Unit to ensure applicable regulations/regulations in the
that the audit program is running within implementation of the selection of Public
the right scope. Accounting Firms.
e) Hold regular meetings with the Internal e) Review and ensure that the process for
Audit Work Unit to discuss significant selecting a Public Accounting Firm has
audit findings and give inputs deemed been carried out property in accordance
necessary in the audit work by the Internal with standard procedures.
Audit Work Unit. f) Review the Request for Proposal and Terms
4) External Audit of Reference sent to the Public Accounting
a) Conduct in-depth review of all significant Firm which has been designated as a
findings from the results of examinations candidate for external auditor of PT Bank
by external auditors and other audit Syariah Indonesia Tbk.
institutions. g) Review the planning and scope of the
b) Review the name and/or reputation of the audit submitted by the Public Accounting
Public Accounting Firm (KAP) that will be Firm that has been selected/appointed, to
invited to participate in the tender. ensure that the planning and scope of the
c) Review the possible links between KAPs audit adheres to the Request for Proposal
who will be invited to participate in the and Terms of Reference and has considered
tender, including officials and staff of the all risks that are considered important.
Public Accounting Firm with PT Bank h) The Audit Committee gives
Syariah Indonesia Tbk, which include: recommendations on the appointment of a
(1) Relationship as a non-audit services Public Accountant and Public Accounting
partner for PT Bank Syariah Indonesia Firm to the Board of Commissioners to
Tbk. be submitted to the General Meeting of
(2) Relationship as a shareholder of Shareholders (GMS).
PT Bank Syariah Indonesia Tbk in a i) Communicate regularly with the Public
material/determining amount. Accounting Firm which is doing the audit
(3) Close family relationship with key work on PT Bank Syariah Indonesia
employees in accounting and finance at Tbk to discuss matters that need to be
PT Bank Syariah Indonesia Tbk. communicated, including the following:
(1) Progress of audit implementation.
(2) Important findings.
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(3) Changes in regulations/provisions in Providing Recommendations for the
accounting and financial records from Appointment of External Auditors
authorized institutions. The Audit Committee of BSI evaluates Public
(4) Adjustments made based on the results Accounting Firms (KAP) and Public Accountants (AP)
of the audit. regarding the services provided to the Bank. The results
(5) Constraints/obstacles encountered of the review are submitted as recommendations for the
during the course of audit. appointment/dismissal of KAP and AP to the Board of
j) Submit regular reports on the results of Commissioners to be submitted to the General Meeting
monitoring and provide input on matters of Shareholders (GMS).
that need the attention of the Board of
Commissioners. Audit Committee Charter
The Audit Committee of Bank Syariah Indonesia
Authority has an Audit Committee Charter issued based on
The Audit Committee is authorized to: the Joint Decree (SKB) of the Boards of Directors
1. Give opinions to the Board of Commissioners and Commissioners of BSI No.01/003-SKB/Dirkom
on financial statements and/or other matters dated February 1, 2021 concerning Determination of
submitted by the Board of Directors. Guidelines and Work Rules for the Audit Committee of
2. Communicate with the Head of the Work Unit and PT Bank Syariah Indonesia Tbk.
other parties at PT Bank Syariah Indonesia Tbk as
well as the Public Accounting Firm that audits PT This charter offers reference for carrying out audit
Bank Syariah Indonesia Tbk to obtain information, duties and responsibilities in a transparent, competent,
clarification and request the necessary documents objective and independent manner to make it
and reports. accountable and acceptable to all interested parties.
3. Request reports on the results of internal auditors
and external auditors and other supervisory/ The contents of the Audit Committee Charter generally
inspection institutions. include:
4. Request internal auditors and/or external auditors 1. General objective of establishing the Audit
to make special inspections/investigations on Committee
strong presumptions that frauds, legal violations or 2. Authority
violations of applicable laws and regulations have 3. Membership
been committed. 4. Membership Criteria
5. Access records or information about employees, 5. Duties and Responsibilities
funds, assets and other company resources related 6. Employment Relations
to the implementation of their duties. 7. Meeting
8. Reporting
9. Term of Office and Compensation
10. Bank Confidentiality
11. Conclusion
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THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
Composition and Term of Office
Members of the Audit Committee of PT Bank Syariah Indonesia Tbk are appointed based on the Directors’ Decree No.
KEP: 03/267-KEP/DIR concerning the Determination of Changes in Membership of the Audit Committee of PT Bank
Syariah Indonesia Tbk, effective July 13, 2023.
The following are details of the composition and term of office of the Audit Committee:
Name Position Term of Office Concurrent Position
Mohamad Nasir Chairman and member 2021-end Independent Commissioner
Muliaman D. Hadad *)
Member 2023-end Commissioner/Independent Commissioner
Adiwarman A. Karim Member 2021-end Commissioner/Independent Commissioner
M. Arief Rosyid Hasan**) Member 2021-end Independent Commissioner
Komaruddin Hidayat Member 2021-end Independent Commissioner
M. Zacky Thayib Member 2021-end None [Independent Party]
M. Gunawan Yasni Member 2021-end None [Independent Party]
*) Effective in office on September 21, 2023
**) Resigned based on the letter dated November 6, 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
Audit Committee Profile
Mohamad Nasir
Chairman
His complete profile is presented in the “Board of Commissioners Profile” section in this Annual Report.
Muliaman D. Hadad
Member
His complete profile is presented in the “Board of Commissioners Profile” section in this Annual Report.
Adiwarman A. Karim
Member
His complete profile is presented in the “Board of Commissioners Profile” section in this Annual Report.
M. Arief Rosyid Hasan
Member
His complete profile is presented in the “Board of Commissioners Profile” section in this Annual Report.
Komaruddin Hidayat
Member
His complete profile is presented in the “Board of Commissioners Profile” section in this Annual Report.
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M. Zacky Thayib
Member
Citizen : Indonesia
Domicili : Jakarta
Age : 60 Years Old
Place and date of birth Bandung, October 31, 1963
Basis of Appointment Based on the Directors’ Decree No KEP: 03/267-KEP/DIR concerning Determination of
Changes to the Audit Committee Membership of PT Bank Syariah Indonesia Tbk which
became effective July 13, 2023.
Educational background • Master Degree in Management from Gajah Mada University (1998)
• Bachelor Degree in Economics majoring in Accounting from Padjadjaran University
(1986)
Certification • Manager Level Auditor Competency Certification (LSPP)
• Compliance & AML Level II Certification (LSPP) Compliance Division
• Certified Fraud Examiner (CFE) from the Association of Certified Fraud Examiners
(ACFA)
• Risk Management Competency Certification
Employment history • Learning Consultant (LC) Mandiri University Group (2018-2019)
• Regional Business Control Head (RBCH) Bank Mandiri Region 4 Jakarta Thamrin (2017-2018)
• Regional Business Control Head (RBCH) Bank Mandiri Region 1 Medan (2015-2017)
• Department Head Internal Audit Bank Mandiri (2010-2015)
• Regional Internal Control Head (RICH) Bank Mandiri Region 9 Banjarmasin (2008-2010)
Concurrent Position Currently not assuming any other position
Affiliate Relationships Has no affiliation with the Board of Directors, Board of Commissioners or Controlling
Shareholders.
Muhammad Gunawan Yasni
Member
Citizen : Indonesia
Domicili : Jakarta
Age : 55 Years Old
Place and date of birth Jakarta, September 17, 1969
Basis of Appointment Based on the Board of Directors’ Decree No. KEP: 03/267-KEP/DIR concerning the
Determination of Changes in Membership of the Audit Committee of PT Bank Syariah
Indonesia Tbk effective July 13, 2023.
Educational background • Master of Financial Management from Prasetya Mulya Graduate School (1994-1995)
• Bachelor Degree in Accounting from the University of Indonesia (1988 – 1993)
Employment history • Member of the Sharia Supervisory Board (DPS) PT Bank BRISyariah Tbk (2008-2021)
• Member of the Sharia Supervisory Board, Sharia Division of Bank Tabungan Negara (2018-
2020)
• Sharia Advisor/Expert in Capital Markets, Manulife Asset Management Indonesia (2015-
2020)
• Deputy Treasurer of the National Sharia Council of the Indonesian Ulema Council (DSN MUI)
(2015-2020)
• Advisor to Deutsche Bank Sharia Banking Custodian & Investment (2009-2017)
Concurrent Position • Sharia Advisor of Institutions & Issuance of Sharia Financial Instruments
• Treasurer of the National Sharia Council of the Indonesian Ulema Council (DSN MUI)
Affiliate Relationships Has no affiliation with the Board of Directors, Board of Commissioners or Controlling
Shareholders.
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THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
Educational Qualifications and Experience
Name Position Education Experience/Expertise
Mohamad Nasir Chairman and member • Doctoral Degree in Philosophy Area of oversight in sharia
• Master Degree in Philosophy banking and education.
• Bachelor Degree in Usuludin
Muliaman D. Hadad Member • Doctoral Degree in Philosophy Area of oversight in commercial
• Master Degree in Public banks, financial sector regulations,
Administration government bureaucracy, as well
• Bachelor Degree in Economics as management and economics.
Adiwarman A. Karim Member • Master of Arts Degree in Area of oversight in sharia banks
Economics and and regulations in the sharia
• Economic Policy sector.
• Master Degree in Business
Administration in General
Management
• General Management
• Bachelor Degree in Economics
• Bachelor Degree in Agricultural
Economics
M. Arief Rosyid Hasan Member • Master Degree in Health Dentistry Area of health policy and
Policy organizations.
Komaruddin Hidayat Member • Doctoral Degree in Accounting Area of bureaucracy and
• Master Degree in Accounting government, education and bank
• Bachelor Degree in Accounting supervision
M. Zacky Thayib Member • Master Degree in Management Area of sharia bank supervision.
• Bachelor Degree in Economics
M. Gunawan Yasni Member • Master Degree in Management Area of oversight in Sharia banks
• Bachelor Degree in Accounting and organizations.
Professional Certification
No Professional Certification Number of Holders
1 Certified Islamic Financial Analyst (CIFA) 2
2 Fellow in Islamic Insurance Society (FIIS) 2
3 Certified Risk Professional (CRP) 2
4 Chartered Accountant (CA) 2
5 Ahli Syariah Pasar Modal (ASPM) 2
Independency of the Audit Committee
Mohamad Muliaman Adiwarman M. Arief Komaruddin M. Zacky M. Gunawan
Independence Aspect
Nasir D. Hadad A. Karim Rosyid Hasan Hidayat Thayib Yasni
Has no financial relationship √ √ √ √ √ √ √
with the Board of
Commissioners and Directors
Has no management √ √ √ √ √ √ √
relationships in the company,
subsidiaries or affiliated
companies
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Review Responsibility
Mohamad Muliaman Adiwarman M. Arief Komaruddin M. Zacky M. Gunawan
Independence Aspect
Nasir D. Hadad A. Karim Rosyid Hasan Hidayat Thayib Yasni
Has no share ownership in the √ √ √ √ √ √ √
company
Has no family relationship with √ √ √ √ √ √ √
the Board of Commissioners,
Directors, and/or fellow
members of the Audit
Committee
Not currently serving as √ √ √ √ √ √ √
administrators of political
parties, officials or government
Concurrent Position of Member of the Audit Committee
Concurrent Position
Name Position
Bank Syariah Indonesia Other Companies/Institutions
Mohamad Nasir Chairman and member Independent Commissioner Secretariat of the Vice President of
the Republic of Indonesia, Special
Staff to the Vice President for
Bureaucratic Reform.
Muliaman D. Hadad Member Commissioner/Independent Independent Commissioner of PT
Commissioner Astra Internasional Tbk
Adiwarman A. Karim Member Commissioner/Independent -
Commissioner
M. Arief Rosyid Hasan Member Independent Commissioner • Deputy Head of the Sharia
Economic Agency
• Chairman of the PP Youth
Committee of the Sharia
Economic Community
• Deputy Secretary General of the
Indonesian Young Entrepreneurs
Association
Komaruddin Hidayat Member Independent Commissioner Chancellor of the Indonesian
International Islamic University.
M. Zacky Thayib Member - -
M. Gunawan Yasni Member - Sharia Supervisory Board (DPS) and
Sharia Advisory for Sharia Financial
Instrument Institutions & Issuance
Audit Committee Meeting
Throughout 2023, the Audit Committee held 18 meetings. The details are given in the table below.
No. Date Agenda Participant
1 January 12, 2023 PwC-Clearance Meeting Audit Committee
Chairman: Mohamad Nasir
Member:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
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THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
No. Date Agenda Participant
2 January 12, 2023 Q4 2022 Audit Realization Report Audit Committee
Chairman: Mohamad Nasir
Member:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
3 January 31, 2023 Q4 2022 Publication Report Audit Committee
Chairman: Mohamad Nasir
Member:
1. Adiwarman A. Karim
2. Komaruddin Hidayat
3. M. Zacky Thayib
4. M. Gunawan Yasni
4 February 9, 2023 - Updates on Progress and IT Developments Audit Committee
- Progress in IT Stabilization (Ciawi) Chairman: Mohamad Nasir
- Q4 2022 Member:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
5 February 9, 2023 Realization of the Sustainable Finance Action Plan Audit Committee
(RAKB) Semester 2 2022 Chairman: Mohamad Nasir
Member:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
6 March 16, 2023 Evaluation of Operational and IT Preparations Prior to Audit Committee
Ramadhan and Eid 2023 Chairman: Mohamad Nasir
Member:
1. Adiwarman A. Karim
2. Komaruddin Hidayat
3. M. Zacky Thayib
4. M. Gunawan Yasni
7 March 30, 2023 Internal Control Report PWC Inspection Results at Komite Audit
December 31, 2022 position Ketua: Mohamad Nasir
Anggota:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
8 April 13, 2023 Q1 2023 Publication Report Audit Committee
Chairman: Mohamad Nasir
Member:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
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No. Date Agenda Participant
9 May 11, 2023 First Quarter 2023 Audit Results Report Audit Committee
Chairman: Mohamad Nasir
Member:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
10 July 13, 2023 Q2 2023 Audit Results Report Audit Committee
Chairman: Mohamad Nasir
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. M. Arief Rosyid Hasan
4. Komaruddin Hidayat
5. M. Zacky Thayib
11 July 20, 2023 RAKB Realization Report for Semester 1 2023 Audit Committee
Chairman: Mohamad Nasir
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. M. Arief Rosyid Hasan
4. Komaruddin Hidayat
5. M. Zacky Thayib
12 August 24, 2023 Digital & IT Developments in Supporting BSI Business Audit Committee
Expansion and Operations Chairman: Mohamad Nasir
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. M. Arief Rosyid Hasan
4. Komaruddin Hidayat
5. M. Zacky Thayib
6. M. Gunawan Yasni
13 September 14, 2023 PwC Audit Result Report on BSI’s June 2023 Financial Audit Committee
Report and Request for Permission to Release Chairman: Mohamad Nasir
Publication of BSI’s June 2023 Financial Report Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. M. Arief Rosyid Hasan
4. Komaruddin Hidayat
5. M. Zacky Thayib
6. M. Gunawan Yasni
14 October 12, 2023 Q3 2023 Audit Result Report Audit Committee
Chairman: Mohamad Nasir
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. M. Arief Rosyid Hasan
4. Komaruddin Hidayat
5. M. Zacky Thayib
6. M. Gunawan Yasni
15 October 30, 2023 Q3 2023 Publication Report Audit Committee
Chairman: Mohamad Nasir
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. M. Arief Rosyid Hasan
4. Komaruddin Hidayat
5. M. Zacky Thayib
6. M. Gunawan Yasni
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THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
No. Date Agenda Participant
16 November 24, 2023 Application for Approval of RAKB 2024 Audit Committee
Chairman: Mohamad Nasir
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
17 November 30, 2023 Kick Off Meeting for BSI Financial Report Audit for the Audit Committee
December 2023 Position Chairman: Mohamad Nasir
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
18 December 21, 2023 Audit Update for BSI Financial Report Audit Audit Committee
Chairman: Mohamad Nasir
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. M. Zacky Thayib
5. M. Gunawan Yasni
Frequency and Attendance
Name Position Number of Meetings Total Attendance Attendance (%)
Mohamad Nasir Chairman 18 17 94
Muliaman D. Hadad Member 9 9 100
Adiwarman A. Karim Member 18 18 100
M. Arief Rosyid Hasan Member 15 13 87
Komaruddin Hidayat Member 18 17 94
M. Zacky Thayib Member 18 18 100
M. Gunawan Yasni Member 18 17 94
Training and/or Competence Improvement
Bank policies related to developing HR competencies, especially refer to the Regulation of the Financial Services
Authority of the Republic of Indonesia No.24 of 2022 concerning Development of the Quality of Human Resources
for Commercial Banks. Therefore, Bank Syariah Indonesia always encourages members of the Audit Committee to
develop competence through training. A more detailed information on this matter is provided in the table below.
No. Name Type of Training Date Venue Organizer
1. M. Zacky APU-PPT Implementation Training for April 13, 2024 The Tower 6th BSU
Thayib BSI Senior Management in 2023 Keynote Floor
Speaker: Head of PPATK RI
Implementation of Forensic Accounting in May 6, 2023 Virtual Zoom Unlock
Detecting Fraud
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No. Name Type of Training Date Venue Organizer
Sharing Session on “Capital Markets” September 18, The Tower 6th BSU
Keynote Speaker: Mrs. Etty Retno 2023 Floor
Wulandari, CA, MBA, Ph.D (Deputy
Commissioner for Strategic Management
(2013-2022)
Forum for Strengthening Governance September 26, The Kesultanan BUMN
and Integrity of Financial Reporting in the 2023 Ballroom, Royal
Financial Services Sector “Maintaining Ambarrukmo
Governance & Integrity of Financial Yogyakarta
Reports”
Providing Sharia Banking Risk October 15-16, Virtual Zoom Muamalat
Management Level 3 2023 Training Institute
October 22, 2023
Exam
Enhancing ESG Through Best Practices in December 7, Virtual Zoom OJK Institute
Accounting 2023
2. M. Gunawan APU-PPT Implementation Training for April 13, 2024 The Tower 6th BSU
Yasni BSI Senior Management in 2023 Keynote Floor
Speaker: Head of PPATK RI
Ijtima’ Sanawi (Annual Meeting of the September 4, Jakarta DSN MUI
Sharia Supervisory Board VIII in 2023 2023
“Sharia Banking Sector”
Ijtima’ Sanawi (Annual Meeting of the 5 September Jakarta DSN MUI
Sharia Supervisory Board VIII in 2023 2023
“Sharia Capital Market Sector”
Ijtima’ Sanawi (Annual Meeting of the September 6, Jakarta DSN MUI
Sharia Supervisory Board VIII in 2023 2023
“Retirement Fund Insurance and Sharia
Guarantor Sectors”
Sharing Session on “Capital Markets” September 18, The Tower 6th BSU
Keynote Speaker: Mrs. Etty Retno 2023 Floor
Wulandari, CA, MBA, Ph.D (Deputy
Commissioner for Strategic Management
(2013-2022)
Ijtima’ Sanawi (Annual Meeting of the October 13-14 Jakarta DSN MUI & OJK
XIX Sharia Supervisory Board in 2023 2023
“Increasing Collaboration in Sharia
Financial Economic Development in the
Era of Economic Disruption”
Note:
Training and/or competency development for members of the Audit Committee who are BSI Commissioners, is available in the “Board of
Commissioners” section of the Corporate Governance Chapter.
Brief Report on Task Implementation
No. Realization of Activities (Tasks)
1. Reviewing the implementation of audits by internal auditors and external auditors, and overseeing the implementation of
follow-up actions taken by the Board of Directors on the auditor’s findings
2. Giving recommendations to the Board of Commissioners on the appointment of a Public Accountant and KAP for audit on
the 2023 financial year.
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THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
NOMINATION AND REMUNERATION received by each member of the Board
COMMITTEE of Directors, members of the Board of
The Nomination and Remuneration Committee is an Commissioners, and/or members of the
organ formed by the Board of Commissioners. This Sharia Supervisory Board;
committee functions to assist the duties of the Board 2. Related to the nomination function:
of Commissioners, especially with regard to the Bank’s a. Provide recommendations to the Board of
remuneration and nomination policies. This policy is Commissioners regarding:
in line with Financial Services Authority Regulation I. Composition of positions of members
no. 34/POJK.04/2014 concerning the Nomination of the Board of Directors, members
& Remuneration Committee of Issuers or Public of the Board of Commissioners, and/
Companies. or members of the Sharia Supervisory
Board.
Formation Basis II. Policies and criteria required in the
The formation of the Nomination and Remuneration Nomination process.
Committee is part of the implementation of GCG III. Performance evaluation policy
principles which refer to a number of regulations. The for members of the Board of
committee was formed through the Board of Directors’ Directors, members of the Board of
Decree No. KEP: 03/269-KEP/DIR dated July 13, 2023, Commissioners, and/or members of
concerning Determination of Changes in Membership the Sharia Supervisory Board.
of the Remuneration and Nomination Committee of PT b. Assist the Board of Commissioners in
Bank Syariah Indonesia Tbk. assessing the performance of members of
the Board of Directors, members of the
In addition, its formation also refers to a number of Board of Commissioners, and/or members
regulations, including: of the Sharia Supervisory Board based on
1. Bank Indonesia Regulation No.11/33/PBI/2009 benchmarks that have been prepared as
concerning the Implementation of Good Corporate evaluation material.
Governance for Sharia Commercial Banks and c. Provide recommendations to the Board
Sharia Business Units. of Commissioners regarding capacity
2. Financial Services Authority Regulation no. 34/ development programs for members of the
POJK.04/2014 concerning the Nomination & Board of Directors, members of the Board
Remuneration Committee of Issuers or Public of Commissioners, and/or members of the
Companies. Sharia Supervisory Board.
3. As well as applicable laws and related regulations. d. Provide proposals for candidates who
meet the requirements as members of the
Duties and Responsibilities Board of Directors, members of the Board
The Committee is obliged to act independently and be of Commissioners, and/or members of the
responsible to the Board of Commissioners in carrying Sharia Supervisory Board, to the Board
out its duties. of Commissioners to be submitted to the
GMS.
A. The Committee is tasked and responsible for e. Provide recommendations to the Board
carrying out the following matters: of Commissioners regarding Independent
1. Related to the remuneration function Parties who are prospective members of
a. Provide recommendations to the Board of the Audit Committee and Risk Monitoring
Commissioners regarding remuneration Committee.
structure, remuneration policy and f. Develop capability development programs
remuneration amount; for members of the Board of Directors,
b. Assist the Board of Commissioners in members of the Board of Commissioners,
carrying out performance assessments and/or members of the Sharia Supervisory
in accordance with the remuneration Board.
414 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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3. Develop concepts and analysis related to the 1. Hold regular meetings;
function of the Nomination and Remuneration 2. Preliminary study of the meeting material;
Committee. 3. Attend meetings;
4. Assist the Board of Commissioners in 4. Contribute and play an active role;
determining general Human Resources 5. Make minutes of meetings (secretary).
policies.
5. Assist the Board of Commissioners in obtaining Authority
and analyzing data on prospective Board of 1. Request PT Bank Syariah Indonesia Tbk. to conduct
Directors from the talent pool of officials one surveys according to the needs of the Nomination
level below the Directors. and Remuneration Committee.
6. Assist the Board of Commissioners in providing 2. Request necessary information from various
recommendations regarding options to the parties both internal and external to PT Bank
Board of Commissioners, Board of Directors, Syariah Indonesia Tbk.
Sharia Supervisory Board and Employees,
including stock options and monitoring their Nomination and Remuneration Committee
implementation. Charter
7. Have a data base and talent pool for prospective Bank Syariah Indonesia has a Nomination and
members of the Board of Commissioners, Remuneration Committee Charter issued based on the
Board of Directors and Sharia Supervisory Joint Decree (SKB) of the Board of Directors and Board
Board. of Commissioners of BSI No. 01/001-SKB/Dirkom dated
February 1, 2021, concerning Determination of Work
B. The Committee Chair is tasked and responsible for Guidelines and Procedures for the Remuneration and
coordinating the implementation of Committee Nomination Committee of PT Bank Syariah Indonesia..
meetings and proposing meeting agendas and This charter is a reference for carrying out audit duties
materials. and responsibilities in a transparent, competent,
objective, and independent manner, ensuring its
C. Committee members are tasked and responsible accountability and acceptance by all interested parties.
for:
Composition and Term of Office
Members of the Nomination and Remuneration Committee of PT Bank Syariah Indonesia Tbk were appointed based
on the Board of Directors’ Decree No. KEP: 03/269-KEP/DIR dated July 13, 2023, concerning the Determination of
Changes in Membership of the Nomination and Remuneration Committee of PT Bank Syariah Indonesia Tbk.
The details are as follows:
Name Position Term of Office Decription
Komaruddin Hidayat Chairman concurrently 2023-Finish Independent Commissioner
member
Muliaman D. Hadad*) Member 2023-Finish President Commissioner/Independent
Commissioner
Adiwarman A. Karim Member 2021-Finish Vice President Commissioner/Independent
Commissioner
M. Arief Rosyid Hasan**) Member 2023-Finish Independent Commissioner
Mohamad Nasir Member 2022-Finish Independent Commissioner
Masduki Baidlowi Member 2023-Finish Commissioner
Sylvia Aziz Member 2023-Finish Group Head in charge of Human Capital Strategy
& Policy Group
*) Effective in office as of September 21, 2023
**) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 415
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Highlights
THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
Remuneration and Nomination Committee M. Arief Rosyid Hasan
Profile Member
The complete profile is presented in the “Board of
Komaruddin Hidayat Commissioners Profile” section of this Annual Report.
Chairman concurrently member
The complete profile is presented in the “Board of Mohamad Nasir
Commissioners Profile” section of this Annual Report. Member
The complete profile is presented in the “Board of
Muliaman D. Hadad Commissioners Profile” section of this Annual Report.
Member
The complete profile is presented in the “Board of Masduki Baidlowi
Commissioners Profile” section of this Annual Report. Member
The complete profile is presented in the “Board of
Adiwarman A. Karim Commissioners Profile” section of this Annual Report.
Member
The complete profile is presented in the “Board of
Commissioners Profile” section of this Annual Report.
Sylvia Aziz
Secretary and Non-Voting Member
Nationality : Indonesia
Domicile : Jakarta
Age : 45 Year Old
Place, Date of Birth Bandung, December 6, 1978
Basis of Appointment Based on the Decree of the Board of Directors No.03/172-KEP/DIR dated May 15, 2023.
Educational Background • Master of Science Management, University of Ilinois - Urbana Champaign
• Bachelor of Economics, Universitas Padjadjaran
Work Experience • Bank Syariah Indonesia - Corporate Transformation Office (2021-2023)
• Bank Syariah Mandiri - Corporate Transformation (2015-2021)
• Bank Tabungan Negara - Change Management Office (2014-2015)
• Bank Permata - Preferred Banking (2012-2013)
• Bank Mandiri - Mass Banking Group (2010-2012)
• Bank Mandiri - Change Management Office (2005-2010)
• Bank Mandiri - Economic Financial Research (2003-2005)
Concurrent Position Currently not assuming any other position
Affiliatie Relation Does not have affiliate relationship with the Board of Directors, Board of Commissioners or
Controlling Shareholders.
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Qualification of Education and Experience
Name Position Education Experience/Expertise
Komaruddin Hidayat Chairman • Doctor of Philosophy Sharia banking supervision and
concurrently member • Master of Philosophy education
• Usuludin Bachelor
Muliaman D. Hadad Member • Doctor of Philosophy Supervision of commercial banks,
• Master of Public Administration financial sector regulations,
• Bachelor of Economics government bureaucracy, as well
as management and economics.
Adiwarman A. Karim Member • Master of Arts in Economics and Supervision of sharia banks and
Economic Policy regulations in the sharia sector.
• Master of Business Administration in
General Management
• Bachelor of Economics
• Bachelor of Agricultural Economics
M. Arief Rosyid Hasan Member • Master in Policy Health policy and organizations.
• Dentistry Health
Mohamad Nasir Member • Doctor of Accounting Bureaucracy and government,
• Master of Accounting education and bank supervision.
• Bachelor of Accounting
Masduki Baidlowi Member • Bachelor of Islamic Religious Education Government, politics and sharia
• Bachelor of Arabic Literature banking supervision
Sylvia Aziz Member • Master of Science Management Islamic banking sector
• Bachelor of Economics
Note:
Training and/or competency development for members of the Audit Committee who are BSI Commissioners, has been presented in the “Board of
Commissioners” section under the Corporate Governance Chapter.
Professional Certification
Membership of the Remuneration and Nomination Committee does not have professional certification obligations.
Independence of the Nomination and Remuneration Committee
Komaruddin Muliaman Adiwarman M. Arief Mohamad Masduki Sylvia
Independence Aspect
Hidayat D. Hadad A. Karim Rosyid Hasan Nasir Baidlowi Aziz
Does not have financial relationship √ √ √ √ √ √ √
with the Board of Commissioners
and Board of Directors
Does not have a management √ √ √ √ √ √ √
relationship in the company,
subsidiaries, or affiliated companies
Does not have shareholding √ √ √ √ √ √ √
relationship in the company
Does not have family relationship √ √ √ √ √ √ √
with the Board of Commissioners,
Board of Directors, and/or fellow
members of the Audit Committee
Does not serving as an √ √ √ √ √ √ √
administrator of political parties,
officials and the government
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 417
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Highlights
THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
Concurrent Position of the Committee Members
Concurrent Position
Name Position
Bank Syariah Indonesia Other Companies/Institutions
Komaruddin Hidayat Chairman concurrently Independent Commissioner Chancellor of the Indonesian
member International Islamic University
Muliaman D. Hadad Member President Commissioner/ Independent Commissioner of
Independent Commissioner PT Astra Internasional
Adiwarman A. Karim Member Vice President Commissioner/ -
Independent Commissioner
M. Arief Rosyid Hasan Member Independent Commissioner • Chairman of PP DMI Mosque
Economics
• Deputy Head of the Sharia
Economic Agency KADIN
• Chairman of the PP MES Youth
Committee
• Chairman of the ISYEF Board of
Trustees
• Deputy Secretary General of the
HIPMI DPP
Mohamad Nasir Member Independent Commissioner Secretariat of the Vice President of
the Republic of Indonesia, Special
Staff to the Vice President for
Bureaucratic Reforms
Masduki Baidlowi Member Commissioner • Vice President’s Special Staff for
Communication
• Daily Chairman of MUI Central
Affairs
• Chairman of MMD Initiative
Foundation (Justice & Democracy)
Sylvia Aziz Member Human Capital Strategy & Policy -
Group Head
Meeting of the Nomination and Remuneration Committee
Meeting Agenda
In 2023, the Nomination and Remuneration Committee held 3 (three) meetings, with the agenda as outlined below:
No. Date Agenda Participants
1 February 23, 2023 Management Talent Pool Nomination and Remuneration
Committee
Chairman: Komaruddin Hidayat
Member:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Mohamad Nasir
4. Masduki Baidlowi
5. Sylvia Aziz
2 March 24, 2023 Tantiem Proposal Nomination and Remuneration
Committee
Chairman: Komaruddin Hidayat
Member:
1. Adiwarman A. Karim
2. M. Arief Rosyid Hasan
3. Mohamad Nasir
4. Masduki Baidlowi
5. Sylvia Aziz
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No. Date Agenda Participants
3 May 25, 2023 Recommendations for Company Management Nomination and Remuneration
Candidates Committee
Chairman: Komaruddin Hidayat
Member:
1. Mulaiam D. Hadad
2. Adiwarman A. Karim
3. M. Arief Rosyid Hasan
4. Mohamad Nasir
5. Masduki Baidlowi
6. Sylvia Aziz
Frequency and Level of Attendance
Number of Attendance Level
Name Position Number of Meetings
Attendance (%)
Komaruddin Hidayat Chairman concurrently 3 3 100
member
Muliaman D. Hadad Member 1 1 100
Adiwarman A. Karim Member 3 3 100
M. Arief Rosyid Hasan Member 3 3 100
Mohamad Nasir Member 3 3 100
Masduki Baidlowi Member 3 3 100
Sylvia Aziz Member 3 3 100
Board of Directors’ Succession Policy Selection Procedure
One of the duties of the Nomination and Remuneration 1. The Nomination and Remuneration Committee
Committee is to develop a nomination system for identifies candidates who meet the criteria.
members of the Board of Commissioners, Board of 2. The Board of Commissioners, based on suggestions
Directors and Sharia Supervisory Board which will from the Nomination and Remuneration
become part of the Bank’s GCG policy and guideline Committee, submits proposals for candidates for
for the Board of Commissioners and the GMS in the Board of Directors, Board of Commissioners
determining nominations for members of the Board and Sharia Supervisory Board to the GMS.
of Commissioners, Board of Directors and the. Sharia 3. The selection process is carried out before the
Supervisory Board. term of office ends or is requested by the Board
of Commissioners or if there is a vacancy in the
Basic Principles position.
1. Requirements for the Board of Directors, Board of
Commissioners and Sharia Supervisory Board. Training and/or Competency Improvement
Prospective members of the Board of Directors, Bank policies related to HR competencies development,
Board of Commissioners and Sharia Supervisory especially refer to the Regulation of the Financial
Board must fulfill the requirements specified in Services Authority of the Republic of Indonesia No. 24 of
the articles of association and applicable laws and 2022, concerning Development of the Quality of Human
regulations. Resources for Commercial Banks. Consequently, Bank
2. Nomination and submission of candidates for the Syariah Indonesia always encourages the Nomination
Board of Directors, Board of Commissioners and and Remuneration Committee to develop competencies
Sharia Supervisory Board. through training. Complete information regarding this
Candidates for members of the Board of Directors, matter is provided in the table below.
Board of Commissioners and Sharia Supervisory
Board are submitted through selection by taking
into account the requirements that have been
determined.
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
No. Name Type of Training Date Venue Organizer
1. Sylvia Aziz CASCADING CULTURE ROADMAP - March 19, 2021 Jakarta ACT Consulting
SOCIALIZATION BSI ONE CULTURE
Training Right Issue Untuk Mendukung June 5, 2021 Jakarta Internal Bank
Rencana Corporate Action Capital
Strategy BSI
Top Executive Learning Program Series 3 July 1, 2021 Jakarta Internal Bank
Esprit de Corps August 14, 2021 Jakarta Internal Bank
Webinar Market Update Vol.2 Indonesia August 18, 2021 Jakarta Internal Bank
Market Outlook: Banking and Customer
Trend in The Second Wave Crisis
LEAD BY GOOD CORPORATE September 6, Jakarta Internal Bank
GOVERNANCE (GCG) BATCH 2 2021
Bahasa Inggris N2 dan N3 October 4, 2021 Jakarta Cakap
CIA Monthly Series 6: Harmonis - October 8, 2021 Jakarta Internal Bank
Keserasian, Saling Peduli Dan Menghargai
Perbedaan
Taujih Pekanan Ber-AKHLAK: Spesial October 22, 2021 Jakarta Internal Bank
PHBI Maulid Nabi Muhammad SAW
1443H.
Taujih Pekanan Ber-AKHLAK Spesial: CEO October 29, 2021 Jakarta Internal Bank
Virtual Townhall
Merger & Acquisition Untuk Mendukung November 17. Jakarta PPM Manajemen
Strategi Corporate Action BSI 2021
Taujih Pekanan Ber-AKHLAK : LOYAL - November 19, Jakarta Internal Bank
Bangga Menjadi Bagian dan memiliki BSI 2021
Note:
Training and/or competency development for members of the Audit Committee who are BSI Commissioners, has been presented in the “Board of
Commissioners” section under the Corporate Governance Chapter.
Brief Report on Duties Implementation
No. Realization of Activities (Duties)
1. Nomination duties implementation
2. Remuneration duties implementation
3. Nomination and Remuneration Committee meeting implementation
420 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
RISK MONITORING COMMITTEE f) Discussing the quarterly risk profile report of
The Risk Monitoring Committee assists the Board of PT Bank Syariah Indonesia Tbk.
Commissioners in carrying out its supervisory duties g) Provide input to the Board of Commissioners on
and functions, especially for matters relating to the matters that needed attention and discussion
implementation of risk management policies. with the Board of Directors, allowing the Board
of Directors to be able to follow up on the
Formation Basis results of the risk management evaluation by
The Risk Monitoring Committee was established the Committee.
through the Board of Directors’ Decree No. KEP: h) Proactively holding meetings with the Board of
03/268-KEP/DIR concerning Determination of Changes Directors in order to anticipate risks, especially
in Membership of the Risk Monitoring Committee of if there are important events, external
PT Bank Syariah Indonesia Tbk effective as of July 13, regulations that affect the business sector of
2023. In addition, its formation also refers to a number PT Bank Syariah Indonesia Tbk.
of regulations as follows: i) Evaluate the development of changes in the
• Bank Indonesia Regulation No.11/33/PBI/2009 organizational structure up to one level below
concerning the Implementation of Good Corporate the Board of Directors, which is being carried
Governance for Sharia Commercial Banks and out by PT Bank Syariah Indonesia Tbk.
Sharia Business Units. j) Monitor the presence of negative information
• Applicable relevant laws and regulations. toward PT Bank Syariah Indonesia Tbk
customers which could lead to increased credit
Duties and Responsibilities risk.
1) The Committee Chair is tasked & responsible
for chairing Committee meetings and proposing Authorities
meeting materials. 1) The Chairman and Members of the Committee can
2) Committee members are tasked & responsible for: attend the Risk Management Committee Meeting
a) Hold regular meetings. as an invitee.
b) Preliminary study of the meeting material. 2) The Chairman and Members of the Committee can
c) Attend meetings request internal reports relating to risk control in
d) Contribute and play an active role in meetings. the areas of asset & liability management, financing,
3) The Chairman and Committee Members jointly treasury and operations, including:
carry out duties and responsibilities which include a) Risk exposure.
the following matters: b) Compliance with policies and procedures and
a) Provide input to the Board of Commissioners determination of limits.
in the preparation and improvement of risk c) Realization of risk control implementation
management policies relating to risk control compared to predetermined targets.
in the areas of asset & liability management, d) Periodic report on the risk profile of PT Bank
liquidity, financing and operations prior Syariah Indonesia Tbk.
to obtaining approval from the Board of 3) Cooperate with the Audit Committee generally
Commissioners. and specifically to ask Internal Audit to carry out
b) Conduct discussions with the Board of examinations on certain areas where risk exposure
Directors or work units related to issues is worsening.
whose risk management needs to be or is being
discussed. Risk Monitoring Committee Charter
c) Ensure the implementation of risk management The Company’s Risk Monitoring Committee has a
policies within the activities of PT Bank Syariah charter issued through a Joint Decree of the Board of
Indonesia Tbk. Directors and Board of Commissioners No. 01/002-
d) Study internal policies and regulations related SKB/Dirkom dated February 1, 2021, concerning
to risk management made by the Board of Determination of Work Guidelines and Procedures for
Directors. the Risk Monitoring Committee of PT Bank Syariah
e) Ensure that all important risks have been Indonesia Tbk.
considered in the new PT Bank Syariah
Indonesia Tbk products and all impacts
resulting from significant changes or events
both internal and external to PT Bank Syariah
Indonesia Tbk.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 421
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
The Risk Monitoring Committee Charter regulates a 8. Change
number of things which include: 9. Conclusion
1. Background
2. Risk Supervisor Composition and Term of Office
3. Definition, Vision and Mission, Responsibilities and Members of the Risk Monitoring Committee of PT
Authority Bank Syariah Indonesia Tbk are appointed based on
4. Membership Structure the Board of Directors’ Decree No. KEP: 03/268-
5. Confidentiality KEP/DIR concerning the Determination of Changes
6. Fees for Committee Member Services in Membership of the Risk Monitoring Committee of
7. Committee Meetings PT Bank Syariah Indonesia Tbk effective as of July 13,
2023. The composition is as follows:
Name Position Term of Office Decription
M. Arief Rosyid Hasan*) Chairman concurrently 2023-Finish Independent Commissioner
member
Muliaman D. Hadad**) Member 2023-Finish President Commissioner/Independent Commissioner
Adiwarman A. Karim Member 2021-Finish Vice President commissioner/Independent Commissioner
Komaruddin Hidayat Member 2023-Finish Independent Commissioner
Mohamad Nasir Member 2023-Finish Independent
Suyanto Member 2021-Finish Commissioner
Sutanto Member 2021-Finish Commissioner
Imam Budi Sarjito Member 2021-Finish Commissioner
Abu Rokhmad **)
Member 2023-Finish Commissioner
Saifuddin Latief Member 2021-Finish Independent Commissioner
Bowo Setiyono Member 2021-Finish Independent Commissioner
*) Effective in office as of September 21, 2023
**) Resigned based on the letter dated November 6 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
Risk Monitoring Committee Profile Komaruddin Hidayat
Member
M. Arief Rosyid Hasan The complete profile is presented in the “Board of
Chairman concurrently member Commissioners Profile” section of this Annual Report.
PThe complete profile is presented in the “Board of
Commissioners Profile” section of this Annual Report. Mohamad Nasir
Member
Muliaman D. Hadad The complete profile is presented in the “Board of
Member Commissioners Profile” section of this Annual Report.
The complete profile is presented in the “Board of
Commissioners Profile” section of this Annual Report. Suyanto
Member
Adiwarman A. Karim The complete profile is presented in the “Board of
Member Commissioners Profile” section of this Annual Report.
The complete profile is presented in the “Board of
Commissioners Profile” section of this Annual Report. Sutanto
Member
The complete profile is presented in the “Board of
Commissioners Profile” section of this Annual Report.
422 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Imam Budi Sarjito Abu Rokhmad
Member Member
The complete profile is presented in the “Board of The complete profile is presented in the “Board of
Commissioners Profile” section of this Annual Report. Commissioners Profile” section of this Annual Report.
Saifuddin Latief
Member
Nationality : Indonesia
Domicile : Bekasi, Jawa Barat
Age : 65 year old
Place, Date of Birth Kudus, March 17, 1958
Basis of Appointment Based on the Board of Directors’ Decree Number KEP: 03/268-KEP/DIR concerning the
Determination of Changes in Membership of the Risk Monitoring Committee of PT Bank
Syariah Indonesia Tbk effective as of July 13, 2023.
Educational Background • Master of Management from STIE – IPWI, Jakarta (1997)
• Bachelor of Forestry from Bogor Agricultural Institute (1981)
Work Experience • Commissioner of PT Estika Yasakelola (2015 – 2021)
• Member of the Risk Monitoring Committee, PT Bank Syariah Mandiri (2019 - 2020)
• Indonesian Banking Dispute Resolution Alternative Institute (LAPSPI), (2015-2019)
• Consultant PT Primakelola Agrobisnis Agroindustri, Bogor (2014)
• Department Head of Wholesale & Treasury Banking School, Learning Center Group,
Directorate Compliance & Human Capital, PT Bank Mandiri (Persero), (2009-2014)
Concurrent Position • Member of the Risk Monitoring Committee, PT Bank Syariah Indonesia Tbk
• Alternative for Financial Services Sector Dispute Resolution Institute (LAPS-SJK)
• Bumi Daya Welfare Foundation
Affiliatie Relation Does not have affiliate relationship with the Board of Directors, Board of Commissioners or
Controlling Shareholders.
Bowo Setiyono
Member
Nationality : Indonesia
Domicile : Yogyakarta
Age : 48 year old
Place, Date of Birth Purworejo, November 5, 1975
Basis of Appointment KEP:03/268-KEP/DIR concerning the Determination of Changes in Membership of the Risk
Monitoring Committee of PT Bank Syariah Indonesia Tbk effective as of July 13, 2023.
Educational Background • Doctorate in Banking/Economics from Université de Limoges, France (2015)
• Master of Finance from the University of New South Wales (2004)
• Bachelor of Economics from Gadjah Mada University (1999)
Work Experience • PT BRI Syariah Tbk Risk Monitoring Committee (2020-2021)
• Deputy Director of MBA FEB UGM Jakarta Campus (2016-2024)
• Permanent Lecturer at FEB UGM, Financial Management, Portfolio Management, Risk
Management, Bank/Financial Institution Management, Financial Planning, Credit/Loans
Management classes (2005-present)
Concurrent Position Currently not assuming any other position
Affiliatie Relation Does not have affiliate relationship with the Board of Directors, Board of Commissioners or
Controlling Shareholders.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 423
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
Qualification of Education and Experience
Name Position Education Experience/Expertise
M. Arief Rosyid Hasan*) Chairman concurrently • Masters in Health Policy Government and banking
member • Dentistry
Muliaman D. Hadad**) Member • Doctor of Philosophy Supervision of commercial banks,
• Master of Public Administration financial sector regulations,
• Bachelor of Economics government bureaucracy, as well
as management and economics.
Adiwarman A. Karim Member • Master of Arts in Economics and Supervision of sharia banks and
Economic Policy regulations in the sharia sector.
• Master of Business Administration
in General Management
• Bachelor of Economics
• Bachelor of Agricultural Economics
Komaruddin Hidayat Member • Doctor of Philosophy Sharia banking supervision and
• Master of Philosophy education.
• Usuludin Bachelor
Mohamad Nasir Member • Doctor of Accounting Bureaucracy and government,
• Master of Accounting education and bank supervision.
• Bachelor of Accounting
Suyanto Member • Doctorate in Economics- Intelligence
Management Strategy
• Master of Universal War Defense
Strategy
• Bachelor of Economics and
Development Studies
Sutanto Member Bachelor of Administration Banking audit
Imam Budi Sarjito Member • Doctor of Economics Sharia banking supervision and
• Master of Economics banking compliance
• Bachelor of Economics
Abu Rokhmad**) Member • Doctor of Law Legal Studies
• Master of Religion
• Bachelor of Islamic Civil Law
Saifuddin Latief Member • Master of Management Banking and bureaucracy
• Bachelor of Forestry
Bowo Setiyono Member • Doctor of Economics Economics and education
• Masters in Finance
• Bachelor of Economics
*) Effective in office as of 21 September 2023
**) Resigned based on the letter dated November 6, 2023 regarding Resignation as Independent Commissioner of PT Bank Syariah Indonesia Tbk
424 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Professional Certification
No Professional Certification Number of Owner
1 Certified Risk Professional (CRP) 1
2 Certified Financial Planner (CFP) 1
3 Risk Management Certification 1, 2, and 3 2
Independence of the Nomination and Remuneration Committee
M. Arief Imam
Muliaman Adiwarman Komaruddin Mohamad Abu Saifuddin Bowo
Independence Aspect Rosyid
D. Hadad A. Karim Hidayat Nasir
Suyanto Sutanto Budi
Rokhmad Latief Setiyono
Hasan Sarjito
Does not have √ √ √ √ √ √ √ √ √ √ √
financial relationship
with the Board of
Commissioners,
Board of Directors
Does not have √ √ √ √ √ √ √ √ √ √ √
management
relationships in the
company, subsidiaries
or affiliated
companies
Does not have share √ √ √ √ √ √ √ √ √ √ √
ownership in the
company
Does not have √ √ √ √ √ √ √ √ √ √ √
family relationship
with the Board of
Commissioners,
Board of Directors,
and/or fellow
members of the
Risk Monitoring
Committee
Does not serve as √ √ √ √ √ √ √ √ √ √ √
administrators of
political parties,
officials or
government
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 425
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
Concurrent Position of Committee Members
Concurrent Position
Name Position
Bank Syariah Indonesia Perusahaan/Lembaga Lain
M. Arief Rosyid Hasan Chairman concurrently Independent Commissioner • Deputy Head of the Sharia
member Economic Agency
• Chairman of the PP Youth
Committee of the Sharia
Economic Community
• Deputy Secretary General of BPP
HIPMI
Muliaman D. Hadad Member President Commissioner/ Independent Commissioner of
Independent Commissioner PT Astra Internasional Tbk
Adiwarman A. Karim Member Vice President Commissioner/ -
Independent Commissioner
Komaruddin Hidayat Member Independent Commissioner Chancellor of the Indonesian
International Islamic University
Mohamad Nasir Member Independent Commissioner Special Staff to the Vice President
for Bureaucratic Reform
Suyanto Member Commissioner Special Staff to the Head of BIN
Sutanto Member Commissioner -
Imam Budi Sarjito Member Commissioner -
Abu Rokhmad Member Commissioner Expert Staff for Law & Human
Rights of the Ministry of Religion of
the Republic of Indonesia
Saifuddin Latief Member - -
Bowo Setiyono Member - -
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Risk Monitoring Committee Meeting
Throughout 2023, the Risk Monitoring Committee has held 12 meetings. The details are outlined in the table below.
Meeting Agenda
No. Date Agenda Participant
1 January 12, 2023 Progress Report on HR Fulfillment and Development for Risk Monitoring Committee
Quarter IV/2022 and Progress on Implementing One Chairman: M. Arief Rosyid Hasan
Culture Member:
1. Adiwarman A. Karim
2. Komaruddin Hidayat
3. Mohamad Nasir
4. Suyanto
5. Sutanto
6. Imam Budi Sarjito
7. Abu Rokhmad
8. Saifuddin Latief
2 February 9, 2023 Bank Health Level for Semester II 2022 Risk Monitoring Committee
Chairman: M. Arief Rosyid Hasan
Member:
1. Adiwarman A. Karim
2. Komaruddin Hidayat
3. Mohamad Nasir
4. Suyanto
5. Sutanto
6. Imam Budi Sarjito
7. Abu Rokhmad
8. Saifuddin Latief
9. Bowo Setiyono
3 March 9, 2023 AML-CTF Report and Progress MER (Mutual Evaluation Risk Monitoring Committee
Review) Qw IV/2022 Chairman: M. Arief Rosyid Hasan
Member:
1. Adiwarman A. Karim
2. Komaruddin Hidayat
3. Mohamad Nasir
4. Suyanto
5. Sutanto
6. Imam Budi Sarjito
7. Abu Rokhmad
8. Saifuddin Latief
9. Bowo Setiyono
4 March 9, 2023 SymFK Compliance Implementation Report (Director in Risk Monitoring Committee
Charge of Compliance Function) Q IV/2022 Chairman: M. Arief Rosyid Hasan
Member:
1. Adiwarman A. Karim
2. Komaruddin Hidayat
3. Mohamad Nasir
4. Suyanto
5. Sutanto
6. Imam Budi Sarjito
7. Abu Rokhmad
8. Saifuddin Latief
Bowo Setiyono
5 May 17, 2023 Plan for Issuing Sukuk without a Public Offering in the Risk Monitoring Committee
Framework of BSI Collaboration with BP Tapera Chairman: M. Arief Rosyid Hasan
Member:
1. Adiwarman A. Karim
2. Mohamad Nasir
3. Suyanto
4. Sutanto
5. Imam Budi Sarjito
6. Abu Rokhmad
7. Saifuddin Latief
8. Bowo Setiyono
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Highlights
THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
No. Date Agenda Participant
6 July 20, 2023 Dymk Compliance Report Semester I 2023 Risk Monitoring Committee
Chairman: M. Arief Rosyid Hasan
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. Mohamad Nasir
5. Suyanto
6. Sutanto
7. Imam Budi Sarjito
8. Saifuddin Latief
9. Bowo Setiyono
7 July 20, 2023 AML-CTF Realization Report Semester I 2023 Risk Monitoring Committee
Chairman: M. Arief Rosyid Hasan
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. Mohamad Nasir
5. Suyanto
6. Sutanto
7. Imam Budi Sarjito
8. Saifuddin Latief
9. Bowo Setiyono
8 July 27, 2023 BSI Bank Health Level Semester I 2023 Risk Monitoring Committee
Chairman: M. Arief Rosyid Hasan
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. Mohamad Nasir
5. Suyanto
6. Sutanto
7. Imam Budi Sarjito
8. Abu Rokhmad
9. Saifuddin Latief
10. Bowo Setiyono
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No. Date Agenda Participant
9 August 3, 2023 Subordinated Sukuk Issuance Plan Risk Monitoring Committee
Chairman: M. Arief Rosyid Hasan
Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. Mohamad Nasir
5. Suyanto
6. Sutanto
7. Imam Budi Sarjito
8. Abu Rokhmad
9. Saifuddin Latief
10. Bowo Setiyono
10 September 14, 2023 FBI Performance Evaluation, Business Model, and Risk Monitoring Committee
Improvement Strategy Chairman: M. Arief Rosyid Hasan
- FBI Wholesale Value Chain, Syndication, CMS, Trade Member:
Finance 1. Muliaman D. Hadad
- FBI Retail: BSI Smart Agent 2. Adiwarman A. Karim
- FBI Consumer: Pawn gold 3. Komaruddin Hidayat
4. Suyanto
5. Sutanto
6. Imam Budi Sarjito
7. Abu Rokhmad
8. Saifuddin Latief
9. Bowo Setiyono
11 October 19, 2023 Evaluation of Marketing Communication Performance Risk Monitoring Committee
in 2023 taking into account Return on Marketing Chairman: M. Arief Rosyid Hasan
Investment (RoMI) Member:
1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. Mohamad Nasir
5. Suyanto
6. Sutanto
7. Imam Budi Sarjito
8. Abu Rokhmad
9. Saifuddin Latief
10. Bowo Setiyono
12 December 14, 2023 Liquidity Management, Efforts to Increase Fee Based Risk Monitoring Committee
Treasury and Proposed Approval for the Issuance of Member :
Sustainability Sukuk BSI 1. Muliaman D. Hadad
2. Adiwarman A. Karim
3. Komaruddin Hidayat
4. Mohamad Nasir
5. Suyanto
6. Sutanto
7. Imam Budi Sarjito
8. Abu Rokhmad
9. Saifuddin Latief
10. Bowo Setiyono
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 429
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
THE BOARD OF COMMISSIONERS
SUPPORTING BODIES AND COMMITTEES
Frequency and Level
Number of Attendance Level
Name Position Number of Meeting
Attendance (%)
M. Arief Rosyid Hasan Chairman concurrently 11 11 100
member
Muliaman D. Hadad Member 7 7 100
Adiwarman A. Karim Member 12 12 100
Komaruddin Hidayat Member 12 11 92
Mohamad Nasir Member 12 11 100
Suyanto Member 12 12 100
Sutanto Member 12 11 92
Imam Budi Sarjito Member 12 12 100
Abu Rokhmad Member 7 5 71
Saifuddin Latief Member 12 12 100
Bowo Setiyono Member 12 11 92
Training and/or Competence Improvement
Bank policies relating to HR competency development, particularly Regulation No. 24 of 2022 of the Financial
Services Authority of the Republic of Indonesia concerning the Development of the Quality of Human Resources for
Commercial Banks. Consequently, Bank Syariah Indonesia consistently encourages the Risk Monitoring Committee
to develop competency through training. The table below contains detail information on this subject.
Implementation
No. Name Type of Training Venue Organizer
Time
1. Bowo Setiyono Risk Management Profession Kick-Off March 3, 2023 Virtual Zoom IRMAPA
Meeting: “Challenges and Opportunities
for the Risk Management Profession in
Achieving Sustainable Financial Goals.”
Anti Money Laundry in the Digital Era: April 6, 2023 Virtual Zoom OJK Institute
Lessons Learned From Selected Countries
Application of Cloud Computing in the June 8, 2023 Virtual Zoom OJK Institute
Financial Services Industry
Riskhub International Webinar "The June 14, 2023 Virtual Zoom IRMAPA
Future of Risk Culture: Navigating the
Unknown
ICA Indonesia Financial Crime Compliance July 25, 2023 Jakarta International
Conference 2023 Compliance
Association (ICA)
Opportunities for victim of trade in July 27, 2023 Virtual Zoom OJK Institute
Decarbonation Efforts
Further introduction of the Regulations August 10, 2023 Virtual Zoom OJK Institute
on the P2SK Law in the Context of
Strengthening the Non-Bank Financial
Industry (IKNB)
Leadership in Changing Atmosphere August 24, 2023 Virtual Zoom OJK Institute
430 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Implementation
No. Name Type of Training Venue Organizer
Time
Sharing Session regarding “Capital September 18, The Tower Fl. 6 BSU
Markets” Resource Person: Mrs. Etty 2023
Retno Wulandari, CA, MBA, Ph.D (Deputy
Commissioner for Strategic Management
(2013-2022)
Empowerment of Sharia Banking Risk October 15-16, Virtual Zoom Muamalat
Management Level 3 2023 Training Institute
October 22, 2023
Examination
Economic and Capital Market Outlook October 10, 2023 SCBD CSA Community,
2023 “Industry Challenges and Readiness LSP-PM, AAEI
- Investments to Face Global Economic
Uncertainty 2023”
The United States Class 2023: October 28, 2023 New York MBA FEB UGB
International Risk Management Program – November 5, X Indonesian
for Executive 2023 Bankers
Association (IBI)
Recognition Current Competency Event December 5-6, Jakarta TAP KAPITAL
- Implementation of BUMN Ministerial 2023 Indonesia
Regulation No.2 of 2023
- Opportunities and Challenges for the
Indonesian Economy and Business in
2024
2. Saifuddin Latief Training on the Implementation of AML- April 13, 2023 The Tower Fl. 6 BSU
CTF for BSI Senior Management in 2023
Resource Person: Head of PPATK RI
Sharing Session regarding “Capital September 18, The Tower Fl. 6 BSU
Markets” Resource Person: Mrs. Etty 2023
Retno Wulandari, CA, MBA, Ph.D (Deputy
Commissioner for Strategic Management
(2013-2022)
Note:
Training and/or competency development for members of the Audit Committee who are BSI Commissioners, has been presented in the “Board of
Commissioners” section under the Corporate Governance Chapter.
Brief Report on Duties Implementation
No. Activity Realization (Duties)
1. Evaluate the suitability of risk management policies with the implementation of Bank policies.
2. Monitor and evaluate the implementation of the duties of the Risk Management Committee and the risk management work
unit.
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Organs and Committees
Under the Board of Directors
COMPANY SECRETARY
The Corporate Secretary plays an important role in representing the company’s interests to shareholders, regulators,
and other stakeholders. This role’s primary goal is to foster effective communication while also maintaining BSI’s
image.
Therefore, the Bank has appointed a Corporate Secretary, as mandated by Financial Services Authority (OJK)
Regulation No. 35/POJK.04/2014 on Corporate Secretaries of Issuers or Public Companies. According to these
regulations, its primary functions include advising the Board of Directors and Board of Commissioners on how to
comply with capital market laws and regulations, as well as acting as a liaison between the Bank and its stakeholders.
Corporate Secretary Profile
Gunawan Arief Hartoyo
Corporate Secretary
Nationality : Indonesia
Domicile : Tangerang
Age : 53 year old
Place, Date of Birth Sukoharjo, March 26, 1971
Basis of Appointment Board of Directors’ Decree Number 01/185-KEP/DIR dated August 31, 2021.
Educational Background • Master of Management from Gadjah Mada University (2018)
• Bachelor of Economics from Airlangga University (1995)
Work Experience • Group Head Corporate Secretary & Communication PT Bank Syariah Indonesia Tbk
(2021-present)
• Project Leader Roll Out Branch PT Bank Syariah Indonesia Tbk (2021)
• Region Head RO VI/Jakarta 1 PT Bank Syariah Indonesia Tbk (2021)
• Region Head RO V/Jawa 2 PT Bank Syariah Mandiri (2018-2021)
• Group Head Distribution Strategy PT Bank Syariah Mandiri (2016-2018)
Concurrent Position Does not have concurrent position in accordance with OJK Regulation No. No. 35/
POJK.04/2014.
Affiliatie Relation Does not have affiliate relationships in financial or familial terms with members of the
Board of Commissioners, Sharia Supervisory Board, Directors and Main Shareholders or
Controlling Shareholders, either directly or indirectly.
Organizational Structure
The Corporate Secretary responsible directly to the Director of Compliance & Human Capital. In carrying out its
functions and duties, the Corporate Secretary organization is divided into 6 (six) areas of activity, namely:
1. The Bank’s activities as a public company, including implementing corporate governance, especially those related
to capital market regulations.
2. Corporate Communication Activities.
3. Secretarial Activities.
4. Stakeholder Management Activities.
5. Corporate Social Responsibility Activities.
6. Bank Management Activities.
432 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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In order to carry out these activities, the Corporate Secretary has several departments under it. The Corporate
Secretary continues to coordinate and supervise the implementation of the functions and duties of each department
directly.
Corporate Secretary &
Communication
Secretary
Corporate Stakeholder
Sustainable Capital Market Corporate Office of the
Communication Management
Finance Assurance Affairs Board
& Sponsorship Relationship
Manager
Sustainable Corporate
Corporate Branding Media, Capital Market Corporate Event Management
& Content Communication & & Secretariat
Development Sponsorship Strategy & Management
Planning
Sustainable Policy
Corporate Internal Program Assurance Board
Branding Communication Implementation & Corporate Operations
Monitoring Event
Staff
External Media Relation Board
Communication Staff Staff Operations
Document &
Secretariat
Management Staff
Content
Development Social Media Staff
Board Support
Integrated
Security
Management
Staff
Sponsorship
Staff
Executive
Secretary
Staff
Board Support Staff
Board Secretary
Staff
Duties and Functions
In carrying out its functions and duties, the Corporate Secretary is guided by the Corporate Secretary Policies and
Standard Procedures. The duties and responsibilities set by the Bank are:
Function Duties Desription
Compliance Governance 1. Host the General Meeting of Shareholders.
2. Ensure the functioning of the Board of Commissioners, Board of Directors, Committees and SSB
as well as the supporting staff below them.
3. Prepare a list of shareholders, a special list of members of the Board of Directors, Board of
Commissioners and their families in share ownership, business relationships and other roles that
could give rise to a conflict of interest.
4. Attend and prepare minutes of meetings of the Board of Directors and Board of Commissioners.
5. Provide input to the Bank’s Board of Directors to implement applicable regulations/laws regarding
the Company, sharia securities, sharia banking shares, capital markets and their implementing
regulations.
6. Direct the presentation of transparency publications in accordance with banking and capital
market regulations.
a. Submit reports to regulators and the public in the form of periodic and incidental reports.
b. Monitor Bank correspondence by: Provide linguistic advice/review of Bank corporate
documents.
c. Manage documents, especially corporate documents including managing archive centers.
d. Maintain and coordinate document management activities for the head office, regional office,
area/branch office or other outlets and provide advice regarding the management of the
documents in question.
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Performance Management Report Company Profile Management Discussion and Analysis
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ORGANS AND COMMITTEES
UNDER THE BOARD OF DIRECTORS
Function Duties Desription
Corporate 1. Establish a communication strategy in order to increase the Bank’s positive reputation.
Communications 2. Create a strategy for disseminating information to internal and external stakeholders, including
Governance conveying Bank programs and activities as well as managing issue and crisis management through
reporting.
3. Become a liaison between the Bank and external parties representing the community.
4. Follow market developments and external conditions of the Bank, especially applicable regulations
in the field of sharia banking or sharia industry issues in general.
5. Direct the preparation of marketing media tools and communications that are effective and right
on target.
6. Manage stakeholders and organize several activities aimed at information disclosure, such as
public exposure.
7. Establish good relations with the mass media to gain public understanding about the company in
order to create a positive image and reputation.
8. Provide education, socialization and sharia banking literacy to the public.
Corporate Branding and 1. Maintain and improve the reputation through consistency and standardization in the
Sustainable Finance implementation of the Bank’s Corporate Identity.
2. Prepare and coordinate the preparation of the Sustainable Financial Action Plan (RAKB), RAKB
Report, and Sustainability Report in accordance with the format determined by the regulator, to
build, maintain and develop the company’s image.
3. Communicate the RAKB to shareholders and all organizations in the Bank.
4. Prepare monitoring and reviews of the implementation of sustainable financial programs to be
reported periodically to the Board of Directors.
5. Publicize sustainable financial activities or actions to increase awareness and a positive image of
the Bank in various communication channels, including print, electronic, video, etc. media.
6. Maintain and coordinate CSR activities, ensuring its compliance with the Bank’s Corporate
Planning program as a form of social responsibility.
7. Implement business-related RAKB programs.
8. Effectively manage corporate branding and RAKB to optimally contribute for the improvement
of stakeholder and shareholder positive perceptions, increase brand equity, and boost the bank’s
awareness and business.
Implementation of Duties for the Financial 6. Documentation of Bank legality data, including
Year the GMS deed, deed of Amendment to the Articles
Throughout the 2023 financial year, the Corporate of Association, deed of Change in Management
Secretary has carried out functions and duties, the Composition, company domicile certificate, and
details of which are as follows: other legal documents.
1. Organize and document the Annual General 7. Administer and distribute all incoming letters
Meeting of Shareholders. addressed to BSI or the relevant Work Unit for
2. Hold, attend and prepare minutes of Board of follow-up.
Directors meetings including joint meetings of the 8. Organizing corporate events and/or participating
Board of Directors with the Board of Commissioners in events held by third parties in the form of
and the Sharia Supervisory Board. sponsorship.
3. Prepare information on the list of shareholders, a 9. Organizing events with the media.
special list of members of the Board of Directors, 10. Issue a press release.
Board of Commissioners, and their families in share 11. Hold sharia financial education, literacy and
ownership, business relationships, and other roles inclusion activities.
that may give rise to conflicts of interest. 12. Prepare a Sustainable Financial Action Plan for
4. Carry out the Bank’s compliance function with 2020 in accordance with POJK No. 51 of 2017 which
respect to the capital market. has been submitted to the OJK. Sustainable finance
5. Disclose information to the public in accordance is related to business, which includes: products and
with applicable laws and regulations. services, governance, and capacity building. The
priority business sectors are education, health and
infrastructure (especially government programs).
434 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Competence Development
The table below summarizes the Corporate Secretary’s competency development activities in 2023.
Name of
Type of Training Start Date End Date Venue Organizer
Participant
Gunawan Top Executive Learning Program 08/03/2023 08/03/2023 Online BSI Corporate
Arief Hartoyo (TELP) - Series I 2023 University
Senior Management AML CTF 06/04/2023 06/04/2023 Jakarta BSI Corporate
Implementation Training University
Sharia Most Investment Sharing 17/07/2023 17/07/2023 Jakarta Bank Mandiri
Session
Lunar Project Sharing Session 17/07/2023 17/07/2023 Jakarta BSI Corporate
University
Senior Management Development 19/09/2022 31/08/2023 Jakarta & IMD Business
Program Singapura School
Risk Management Certification 21/08/2023 21/08/2023 Online Maisa Edukasi
Refreshment
TELP - Series 2 2023 24/08/2023 24/08/2023 Online Amazon Web
Services
Top Executive Learning Program - 19/09/2023 19/09/2023 Jakarta Kelley
Series 3 Bloomington
Presentation To CEO (SMDP) – Ex 11/12/2023 11/12/2023 Jakarta BSI Corporate
1,3,4,5 University
BSI Communication Day 2023 06/11/2023 06/11/2023 Jakarta BSI Corporate
University
Personal Branding & Grooming Dir 10/11/2023 10/11/2023 Jakarta BSI Corporate
Compliance BSI University
IT Security Awareness Webinar: 23/06/2023 23/06/2023 Online BSI Corporate
Endpoint Security University
GD CSG - Personal Branding & 29/12/2023 30/12/2023 Bogor Talkinc
Communication Skill
Culture Summit and Culture 14/08/2023 31/08/2023 Jakarta BSI Corporate
Festival 2023 University
DNA Talent Assessment for Leaders 27/11/2023 31/12/2023 Jakarta BSI Corporate
University
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 435
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
ORGANS AND COMMITTEES
UNDER THE BOARD OF DIRECTORS
RISK MANAGEMENT COMMITTEE Function Officer
The Risk Management Committee has the authority
Permanent 1. Risk Management Director
to formulate risk management policies and changes
Voting 1. Finance & Strategy Director
to them, including risk management strategies such as Member 2. WholesaleTransaction Banking Director
credit risk, market risk, operational risk, liquidity risk, 3. Retail Banking Director
reputation risk, legal risk, strategic risk, compliance 4. Sales & Distribution Director
5. Information Technology Director
risk, return risk and risk investment. This strategy must
6. Treasury & International Banking
be in line with the Bank’s vision, mission, strategy, risk Director
appetite, and the committee’s contingency plans, as 7. Consumer Banking SEVP
well as updating and perfecting the implementation of 8. Operations SEVP
10. Financing Risk SEVP
risk management on a regular/incidental basis due to
changes in the Bank’s external and internal conditions Permanent Compliance & Human Capital Director/
Non Voting Compliance Group Officer
that affect capital adequacy and risk profile. The
Member
committee members are the Board of Directors, SEVP,
Non Director/SEVP Presenter Director/SEVP
and Heads of related Work Units.
Permanent regarding material
Voting
Duties and Responsibilities Member
The Risk Management Committee’s duties and Contributing Group Head/Equivalent Officer Presenter
responsibilities are as follows: Non Voting and Group Head/Equivalent Officer
1. Monitor the risk profile and manage all risks in Member regarding material
order to determine risk appetite, integrated risk Invitee SEVP/Group Head Internal Audit
management strategies and capital adequacy.
2. Determine methodology, scenarios, evaluation, Committee Member Profiles
including stress conditions in risk measurement and
contingency plans. Risk Management Director
3. Improve the implementation of risk management Chairman of the Committee concurrently Permanent
periodically and incidentally as a follow-up to Voting Member
changes in internal and external conditions The complete profile is presented in the “Board of
4. Conduct strategic discussions within the scope of Director’s Profile” section in the “Company Profile”
risk management including ensuring integration chapter of this Annual Report.
with the parent company.
5. Determine matters related to business decisions Finance & Strategy Director
that have special conditions (such as decisions Vice Chairman of the Committee concurrently
for significant business expansion exceedance Permanent Voting Member
compared to the Bank’s established business plan). The complete profile is presented in the “Board of
6. Delegating authority to appointed officials to Director’s Profile” section in the “Company Profile”
decide and implement operational matters. chapter of this Annual Report.
Wholesale Transaction Banking Director
Membership Structure Permanent Voting Member
The complete profile is presented in the “Board of
Function Officer
Director’s Profile” section in the “Company Profile”
Chairman Risk Management Director chapter of this Annual Report.
Vice Finance & Strategy Director
Chairman Retail Banking Director
Secretary 1 Group Head Operational, Portfolio & Permanent Voting Member
Market Risk The complete profile is presented in the “Board of
Secretary 2 Group Head Commercial Risk Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
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Sales & Distribution Director Operations SEVP
Permanent Voting Member Permanent Voting Member
The complete profile is presented in the “Board of The complete profile is presented in the “SEVP Officer
Director’s Profile” section in the “Company Profile” Profile” section in the “Company Profile” chapter of this
chapter of this Annual Report. Annual Report.
Information Technology Director Financing Risk SEVP
Permanent Voting Member Group Head Operational, Portfolio & Market Risk
The complete profile is presented in the “Board of Secretary 1
Director’s Profile” section in the “Company Profile” The complete profile is presented in the “Profile of
chapter of this Annual Report. Executive Officers” section in the “Company Profile”
chapter of this Annual Report.
Treasury & International Banking Director
Permanent Voting Member Group Head Commercial Risk
The complete profile is presented in the “Board of Secretary 2
Director’s Profile” section in the “Company Profile” The complete profile is presented in the “Profile of
chapter of this Annual Report. Executive Officers” section in the “Company Profile”
chapter of this Annual Report.
Consumer Banking SEVP
Permanent Voting Member Committee Meeting
The complete profile is presented in the “SEVP Officer Throughout 2023, the Risk Management Committee
Profile” section in the “Company Profile” chapter of this has held 11 meetings. Details of the frequency of
Annual Report. attendance are presented in the table below.
Frequency and Attendance Level
Number of Number of Attendance Level
Officer Function
Meetings Attendance (%)
Risk Management Director Chairman 11 11 100
Finance & Strategy Director Vice Chairman 11 5 45
WholesaleTransaction Banking Permanent Voting Member 11 11 100
Director
Retail Banking Director Permanent Voting Member 11 11 100
Sales & Distribution Director Permanent Voting Member 11 10 91
Information Technology Permanent Voting Member 11 8 73
Director
Treasury & International Permanent Voting Member 11 11 100
Banking Director
Consumer Banking SEVP Permanent Voting Member 11 6 54
Financing Risk SEVP Permanent Voting Member 11 11 100
Implementation of Duties for the Financial Year
In 2023, the Risk Management Committee has carried out its duties, including monitoring of risk profiles and
management of all risk profiles.
Professional Certification
Membership of the Risk Management Committee does not require professional certification.
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ORGANS AND COMMITTEES
UNDER THE BOARD OF DIRECTORS
IT STEERING COMMITTEE Function Officers
The IT Steering Committee was formed to assist the
Permanent 1. President Director
Board of Directors in determining strategic plans in Voting 2. Vice President Director
the field of information technology (IT), IT budgeting, Member 3. Information Technology Director
determining IT strategic projects and IT security. This 4. Finance & Strategy Director
committee’s duties and responsibilities are implemented 5. Risk Management
6. Digital Banking SEVP
in accordance with the provisions of applicable laws and
Permanent Compliance & Human Capital Director/
regulations. Non Voting Group Head Compliance Group
Member
Duties and Responsibilities Non 1. Director/SEVP Presenter
The IT Steering Committee is a committee consisting Permanent 2. Director/SEVP regarding Material
of the Board of Directors/SEVP tasked with and Voting
Member
responsible for:
Contributing 1. Group Head/Equivalent Officer
1. Establish an IT strategic plan that is in line with and Non Voting Presenter
in accordance with the strategic plan for the Bank’s Member 2. Group Head/Equivalent Officer
business activities. regarding material
2. Establish a strategic framework of reference for Invitee SEVP/Group Head Internal Audit
managing IT resources.
3. Determine strategies and action plans for projects Committee Member Profiles
and their budgets.
4. Determine IT security strategies and risk President Director
management for IT use. Chairman of the Committee concurrently Permanent
5. Ensure and monitor the implementation of IT Voting Member
projects in accordance with the IT strategic plan, IT The complete profile is presented in the “Board of
budget and IT project delivery. Director’s Profile” section in the “Company Profile”
6. Determine IT priorities and budget allocations that chapter of this Annual Report.
have been decided by the Board of Directors.
7. Decide or provide direction regarding planning, Vice President Director
development and addition of strategic IT systems. Vice Chairman of the Committee concurrently
8. Discuss and resolve strategic problems within the Permanent Voting Member
scope of IT and investment direction in the IT sector. The complete profile is presented in the “Board of
9. Delegate authority to appointed officers to decide Director’s Profile” section in the “Company Profile”
and implement operational matters in the IT sector. chapter of this Annual Report.
Membership Structure Information Technology Director
Permanent Voting Member
Function Officers
The complete profile is presented in the “Board of
Chairman President Director Director’s Profile” section in the “Company Profile”
Vice 1. Vice President Director chapter of this Annual Report.
Chairman 2. Information Technology Director
Secretary The secretarial function of the committee is Finance & Strategy Director
carried out by the Head of the committee’s Permanent Voting Member
Working Group The complete profile is presented in the “Board of
Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
Risk Management Director
Permanent Voting Member
The complete profile is presented in the “Board of
Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
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Digital Banking SEVP
Permanent Voting Member
The complete profile is presented in the “SEVP Officer Profile” section in the “Company Profile” chapter of this Annual
Report.
Committee Meeting
Throughout 2023, the IT Steering Committee has held 5 (five) meetings. Details of the frequency of attendance are
presented in the table below.
Frequency and Attendance Level
Number of Number of
Officers Function Attendance Level (%)
Meetings Attendance
President Director Chairman 5 5 100
Vice President Director Vice Chairman 5 5 100
Information Technology Vice Chairman 5 5 100
Director
Group Head IT Strategic Secretary 1 5 5 100
Planning
Group Head IT Development Secretary 2 5 2 40
President Director Permanent Voting Member 5 5 100
Vice President Director Permanent Voting Member 5 5 100
Information Technology Permanent Voting Member 5 5 100
Director
Finance & Strategy Director Permanent Voting Member 5 4 80
Risk Management Director Permanent Voting Member 5 4 80
Digital Banking SEVP Permanent Voting Member 5 3 60
Compliance & Human Capital Permanent Non Voting 5 4 80
Director Member
Compliance Group Permanent Non Voting 5 1 20
Member
Implementation of Duties for the Financial Year
In 2023, the IT Steering Committee has proposed IT strategic plan, planning, and IT development strategies and
resolved strategic issues.
Professional Certification
Membership of the IT Steering Committee does not require professional certification.
POLICY & PROCEDURE COMMITTEE
The Policy & Procedure Committee consists of the Board of Directors/SEVP. This committee has the authority to
recommend/establish policies and procedures, including product provisions and/or other provisions which are not
within the scope of other committees under the Board of Directors.
Duties and Responsibilities
The duties and responsibilities of the Policy & Procedure Committee are as follows:
1. Discuss and recommend policy adjustments/refinements.
2. Determine revamps to Company procedures outside of human capital policies, standard procedures and risk
management policies, which are within the scope of responsibility of other Committees under the Board of
Directors.
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ORGANS AND COMMITTEES
UNDER THE BOARD OF DIRECTORS
Membership Structure Group Head Operational, Portfolio & Market Risk
Secretary 2
Function Officers
The complete profile is presented in the “Profile of
Chairman Risk Management Director Executive Officers” section in the “Company Profile”
Vice Compliance & Human Capital Director chapter of this Annual Report.
Chairman
Secretary 1 Group Head Policy & Procedure
Committee Meeting
Secretary 2 Group Head Operational, Portfolio & Market
During 2023, the Bank’s regulations were issued
Risk
circularly, with a total of 192 regulations, consisting
of: Policies: 9 provisions Product Manual (MP): 55
provisions Memorandum of Operational Procedures
Function Officers
(MPO): 18 provisions Standard Procedures (SP): 110
Permanent 1. President Director provisions.
Voting 2. Vice President Director
Member 3. Information Technology Director
4. Finance & Strategy Director Implementation of Duties for the Financial
5. Risk Management Year
6. Digital Banking SEVP During 2023, the Policy & Procedure Committee has
Permanent Compliance & Human Capital Director/ carried out its duties, among others, recommending/
Non Voting Group Head Compliance Group
setting policies and procedures, including product
Member
provisions and/or other provisions that are not the scope
Non 1. Director/SEVP Presenter
Permanent 2. Director/SEVP regarding Material of other Committees under the Board of Directors.
Voting
Member Based on the Standard Control Procedure (SPP) for
Contributing 1. Group Head/Equivalent Officer Policy and Procedure Creation, that the determination
Non Voting Presenter
of provisions by the Policy & Procedure Committee can
Member 2. Group Head/Equivalent Officer regarding
material be carried out through a Meeting Forum or circularly
Invitee SEVP/Group Head Internal Audit through an Approval Memorandum.
Professional Certification
Committee Member Profiles Membership of the Policy & Procedure Committee does
not require professional certification.
Risk Management Director
Chairman of the Committee concurrently Permanent BUSINESS COMMITTEE
Voting Member The Business Committee is formed to assist the Board
The complete profile is presented in the “Board of of Directors/SEVP in carrying out functions to establish
Director’s Profile” section in the “Company Profile” the Bank’s business strategy and development in an
chapter of this Annual Report. integrated manner, determine flagship products and
services/activities, as well as marketing communication
Compliance & Human Capital Director strategies and effectiveness.
Chairman of the Committee concurrently Permanent
Voting Member Duties and Responsibilities
The complete profile is presented in the “Board of The Business Committee is tasked with the following
Director’s Profile” section in the “Company Profile” responsibilities:
chapter of this Annual Report. 1. Evaluate and establish the Bank’s business strategy.
2. Discuss and establish integrated business
Group Head Policy & Procedure development, including product development,
Secretary 1 tariffs, related procedures, risk exposure limits,
The complete profile is presented in the “Profile of infrastructure facilities and infrastructure, as well
Executive Officers” section in the “Company Profile” as supporting business technology. The mechanism
chapter of this Annual Report. for the creation of Bank product policies and
procedures refers to internal Bank regulations.
440 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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3. Discuss and establish the Bank’s Product Provision Committee Member Profiles
Plan (RPPB) in the form of Annual RPPB and
RPPB changes to be submitted for approval to the President Director
Regulator, as well as reporting the cessation of Chairman of the Committee concurrently Permanent
Bank products to the Regulator. Voting Member
4. Discuss and establish business strategies that are The complete profile is presented in the “Board of
the focus of the Company, including through the Director’s Profile” section in the “Company Profile”
Company’s anchor clients. chapter of this Annual Report.
5. Monitor and evaluate the results of work on
business strategy/project initiatives. Vice President Director
6. Discuss and resolve strategic business issues Vice Chairman of the Committee concurrently
including alliances between Company Work Units Permanent Voting Member
and alliances with parent companies and sister The complete profile is presented in the “Board of
companies. Director’s Profile” section in the “Company Profile”
7. Delegate authority to designated officials to decide chapter of this Annual Report.
and implement operational business matters.
8. Communicate and ensure that all Committee Wholesale Transaction Banking Director
resolutions/decisions are implemented according Permanent Voting Member
to decisions to all relevant internal Company The complete profile is presented in the “Board of
personnel. Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
Membership Structure
Retail Banking Director
Function Officers
Permanent Voting Member
Chairman President Director The complete profile is presented in the “Board of
Vice Vice President Director Director’s Profile” section in the “Company Profile”
Chairman chapter of this Annual Report.
Secretary 1 The secretarial function is carried out by the
Working Unit that acts as the committee’s Sales & Distribution Director
Working Group Chair. Permanent Voting Member
Secretary 2 Group Head Distribution Strategy The complete profile is presented in the “Board of
Director’s Profile” section in the “Company Profile”
Function Officers chapter of this Annual Report.
Permanent 1. President Director
Voting 2. Vice Prseident Director Risk Management Director
Member 3. Wholesale Transaction Banking Permanent Voting Member
Director/Wholesale Structure & Solution
SEVP
The complete profile is presented in the “Board of
4. Retail Banking Director Director’s Profile” section in the “Company Profile”
5. Sales & Distribution Director/Consumer chapter of this Annual Report.
Product Solution SEVP
6. Risk Management Director/Financing
Risk SEVP
SEVP Consumer Banking
Permanent Voting Member
Permanent Compliance & Human Capital Director
Non Voting
The complete profile is presented in the “SEVP Officer
Member Profile” section in the “Company Profile” chapter of this
Non 1. Director/SEVP Presenter
Annual Report.
Permanent 2. Director/SEVP regarding material
Voting SEVP Financing Risk
Member Permanent Voting Member
Contributing 1. Group Head/Equivalent Officer The complete profile is presented in the “SEVP Officer
Non Voting Presenter Profile” section in the “Company Profile” chapter of this
Member 2. Group Head/Equivalent Officer
regarding material
Annual Report.
Invitee SEVP/Group Head Internal Audit
Group Head Corporate Finance & Solution
Secretary 1
The complete profile is presented in the “Profile of
Executive Officers” section contained in the “Company
Profile” chapter of this Annual Report.
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ORGANS AND COMMITTEES
UNDER THE BOARD OF DIRECTORS
Group Head Consumer Business 1 Committee Meeting
Secretary 2 Throughout 2023 the Business Committee has held 2
The complete profile is presented in the “Profile of meetings. Details of the frequency of attendance are
Executive Officers” section contained in the “Company presented in the table below.
Profile” chapter of this Annual Report.
Frequency and Attendance Level
Number of Number of
Officers Function Attendance Level (%)
Meetings Attendance
President Director Chairman 2 2 100
Vice President Director Vice Chairman 2 2 100
Group Head Corporate Finance Secretary 1 2 2 100
& Solution
Vice President Director Permanent Voting Member 2 2 100
Wholesale Transaction Banking Permanent Voting Member 2 2 100
Director
Retail Banking Director Permanent Voting Member 2 2 100
Sales & Distribution Director Permanent Voting Member 2 2 100
Risk Management Director Permanent Voting Member 2 2 100
Financing Risk SEVP Permanent Voting Member 2 2 100
Compliance & Human Capital Permanent Non Voting 2 2 100
Director Member
Implementation of Duties during the Fiscal Duties and Responsibilities
Year HC Committee is tasked and responsible for providing
During 2023, the Business Committee has carried out recommendations to the President Director, including:
its duties, including 7 business committees during 2023. 1. Developing human capital strategies and policies
With the composition 2 times held in meetings, and 5 including company culture, compensation and
times held circularly. benefits.
2. Determining budget allocation for learning.
Professional Certification 3. Discussing/recommending policies as well as
Membership of the Business Committee does not establishing procedures and operational systems
require professional certification. for human capital management.
4. Determining strategic direction and operational
HUMAN RESOURCES COMMITTEE system policies for human capital management,
BSI established Human Resources Committee in order including company culture and values.
to assist the Board of Directors in running the functions 5. Determining strategic direction for the development
of management, development and Human Resources of the human capital information system.
(HR) Policy which are in line with the Bank’s vision, 6. Determining and developing the organization
mission and strategy, as well as handling the personnel according to the Bank business needs.
cases. 7. Determining individual performance management
& rewards, talent & succession management and
employee relations.
8. Discussing and resolving strategic human capital
management problems.
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Membership Structure Vice President Director
Permanent Voting Member
Function Officers
The complete profile is presented in the “Board of
Chairman President Director Director’s Profile” section in the “Company Profile”
Vice 1. Vice President Director chapter of this Annual Report.
Chairman 2. Compliance & Human Capital Director
Secretary 1 Group Head Human Capital Strategy & Finance & Strategy Director
Policy Permanent Voting Member
Secretary 2 Group Head Human Capital Business The complete profile is presented in the “Board of
Partner 1 and 2 Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
Function Officers
Sales & Distribution Director
Permanent 1. President Director Permanent Voting Member
Voting 2. Vice President Director The complete profile is presented in the “Board of
Member 3. Compliance & Human Capital Director
4. Finance & Strategy Director Director’s Profile” section in the “Company Profile”
5. Sales & Distribution Director chapter of this Annual Report.
6. Risk Management Director
7. Human Capital SEVP Risk Management Director
Non Director/SEVP Presenter Director/SEVP Permanent Voting Member
Permanent related material The complete profile is presented in the “Board of
Voting
Member Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
Contributing Group Head/Equivalent Officials related to
Non Voting the material
Member Human Capital SEVP
Invitee SEVP/Group Head Internal Audit Permanent Voting Member
The complete profile is presented in the “SEVP Officer
Profile” section in the “Company Profile” chapter of this
Committee Member Profiles Annual Report.
President Director Group Head Human Capital Strategy & Policy
Chairman of the Committee concurrently Permanent Secretary 1
Voting Member The complete profile is presented in the “Profile of
The complete profile is presented in the “Board of Executive Officers” section in the “Company Profile”
Director’s Profile” section in the “Company Profile” chapter of this Annual Report.
chapter of this Annual Report.
Group Head Human Capital Business Partner
Compliance & Human Capital Director Secretary 2
Vice Chairman of the Committee concurrently The complete profile is presented in the “Profile of
Permanent Voting Member Executive Officers” section in the “Company Profile”
The complete profile is presented in the “Board of chapter of this Annual Report.
Director’s Profile” section in the “Company Profile”
chapter of this Annual Report. Committee Meeting
Throughout 2023, Human Capital Committee held
3 meetings. Details of the attendance frequency are
presented in the table below:
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Performance Management Report Company Profile Management Discussion and Analysis
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ORGANS AND COMMITTEES
UNDER THE BOARD OF DIRECTORS
Frequency and Attendance Level
Number of Number of
Officers Function Attendance Level (%)
Meetings Attendance
President Director Chairman 3 3 100
Vice President Director Vice Chairman 3 3 100
Compliance & Human Capital Vice Chairman 3 3 100
Director
Group Head Human Capital Secretary 1 3 3 100
Strategy & Policy
Group Head Human Capital Secretary 2 3 3 100
Business Partner 1 dan 2
President Director Permanent Voting Member 3 3 100
Vice President Director Permanent Voting Member 3 3 100
Compliance & Human Capital Permanent Voting Member 3 3 100
Director
Finance & Strategy Director Permanent Voting Member 3 3 100
Sales & Distribution Director Permanent Voting Member 3 3 100
Risk Management Director Permanent Voting Member 3 3 100
Human Capital SEVP Permanent Voting Member 3 3 100
Implementation of Fiscal Year Assignments ASSET AND LIABILITIES COMMITTEE
During 2023, the Human Resources Committee carried The Assets and Liabilities Committee (ALCO) is a
out its duties, including: committee formed to assist the Board of Directors in
1. Establish a compensation benefit policy for 2023, carrying out control functions through determining
namely: strategies for matters related to the management of the
a. Wage scale update Bank’s assets and liabilities.
b. Implementation of Annual Salary Increment
2. Establish individual performance management & Duties and Responsibilities
rewards in 2023, namely: The Asset & Liabilities Committee is tasked and
a. Normal distribution of employee performance responsible for:
appraisals 1. Determine, develop and review assets and liabilities
b. Senior Manager employee performance management strategies.
appraisal 2. Evaluate the position of the Bank’s assets &
c. Appreciation (bonus) for performance in 2023 liabilities in accordance with the objectives of
d. Provision of Long Term Incentive Reward for liquidity risk, interest rates and exchange rates
employees who have the best performance and management.
potential (High Potential) 3. Evaluate the Bank’s position and Assets & Liabilities
3. Establish talent & succession management, namely: Management strategy to ensure that the results
a. Promotion Cycle Policy and its implementation of the Bank’s risk taking position are consistent
b. Talent Classification assessment of Senior with the objectives of market risk, return risk,
Manager employees investment risk, exchange rate risk and liquidity risk
c. Senior Manager Employee Assignment and management.
Designation 4. Review the pricing of assets and liabilities to ensure
that pricing can optimize investment results,
Professional Certification minimize the cost of funds and maintain the Bank’s
Membership of the Human Capital Committee requires balance sheet structure in accordance with the
no professional certification. Bank’s ALM strategy.
444 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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5. Review deviations between realization and Vice President Director
projections of the Bank’s budget and business plans. Vice Chairman of the Committee concurrently
6. Implement liquidity management, gap management, Permanent Voting Member
pricing management, and FX management. The complete profile is presented in the “Board of
7. Determine the fund transfer pricing methodology. Director’s Profile” section in the “Company Profile”
8. Conduct discussions regarding the scope of ALM chapter of this Annual Report.
including subsidiary companies/entities under the
control of the Bank. Treasury & International Banking Director
Vice Chairman of the Committee concurrently
Membership Structure Permanent Voting Member
The complete profile is presented in the “Board of
Function Officers
Director’s Profile” section in the “Company Profile”
Chairman President Director chapter of this Annual Report.
Vice Vice President Director
Chairman Treasury & International Banking Director Finance & Strategy Director
Secretary 1 The secretarial function of the committee is Permanent Voting Member
carried out by the Head of the committee’s The complete profile is presented in the “Board of
Working Group Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
Function Officers
Risk Management Director
Permanent 1. President Director Permanent Voting Member
Voting 2. Vice President Director The complete profile is presented in the “Board of
Member 3. Treasury & International Banking
Director Director’s Profile” section in the “Company Profile”
4. Finance & Strategy Director chapter of this Annual Report.
5. Risk Management Director/Financing
Risk SEVP Wholesale Transaction Banking Director
6. Wholesale Transaction Banking Director
7. Retail Banking Director Permanent Voting Member
8. Sales & Distribution Director/Consumer The complete profile is presented in the “Board of
Banking SEVP Director’s Profile” section in the “Company Profile”
Permanent Compliance & Human Capital Director/ chapter of this Annual Report.
Non Voting Group Head Compliance Group
Member Retail Banking Banking Director
Non 1. Director/SEVP Presenter Permanent Voting Member
Permanent 2. Director/SEVP regarding material The complete profile is presented in the “Board of
Voting
Member Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
Contributing 1. Group Head/ Equivalent Officer
Non Voting Presenter
Member 2. Group Head/Equivalent Officer Sales & Distribution Director
regarding material Permanent Voting Member
Invitee SEVP/Group Head Internal Audit The complete profile is presented in the “Board of
Director’s Profile” section in the “Company Profile”
chapter of this Annual Report.
Committee Member Profiles
Consumer Banking SEVP
President Director Permanent Voting Member
Chairman of the Committee concurrently Permanent The complete profile is presented in the “SEVP Officer
Voting Member Profile” section in the “Company Profile” chapter of this
The complete profile is presented in the “Board of Annual Report.
Director’s Profile” section in the “Company Profile”
chapter of this Annual Report. Group Head Asset & Liabilities Management
Secretary 1
The complete profile is presented in the “Profile of
Executive Officers” section in the “Company Profile”
chapter of this Annual Report.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 445
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
ORGANS AND COMMITTEES
UNDER THE BOARD OF DIRECTORS
Group Head Strategic Planning & Performance Management
Secretary 2
The complete profile is presented in the “Profile of Executive Officers” section in the “Company Profile” chapter of this
Annual Report.
Committee Meeting
Throughout 2023, the Assets and Liabilities Committee has held 8 meetings. Details of the frequency of attendance
are presented in the table below.
Frequency and Attendance Level
Number of Number of
Officers Function Attendance Level (%)
Meetings Attendance
President Director Chairman 8 8 100
Vice President Director Vice Chairman 8 6 75
Treasury & International Vice Chairman 8 6 75
Banking Director
Group Head Treasury & Global Secretary 1 8 8 100
Market
Group Head Strategic Planning Secretary 2 8 6 75
& Performance Management
President Director Permanent Voting Member 8 8 100
Vice President Director Permanent Voting Member 8 6 75
Finance & Strategy Director Permanent Voting Member 8 8 100
Treasury & International Permanent Voting Member 8 6 75
Banking Director
Risk Management Director Permanent Voting Member 8 7 88
Financing Risk SEVP Permanent Voting Member 8 4 50
Wholesale & Transaction Permanent Voting Member 8 6 75
Banking Director
Retail Banking Director Permanent Voting Member 8 8 100
Sales & Distribution Director Permanent Voting Member 8 7 88
Consumer Banking SEVP Permanent Voting Member 8 7 88
Compliance & Human Capital Permanent Non Voting 8 4 50
Director Member
Implementation of Duties for the Financial Year
In 2023, the Assets and Liabilities Committee has carried out its duties and responsibilities through ALCO meetings.
The meeting, among other things, determined decisions regarding funding pricing strategies for current accounts
and deposits denominated in United States dollars, implementation of financing pricing strategies for the Pawning,
Consumer and SME segments, direction iof strategies for optimizing net rewards through managing the cost of funds,
and improvement of financing and treasury yields , implementation of liquidity management strategies, as well as
implementation of liquidity risk management strategies.
Other decisions include determining a strategy to accelerate the growth of third party funds, determining the profit
sharing portion of BSI Waqf deposit products, determining a non-DPK funding strategy, determining the profit sharing
portion of BSI mobile deposits, and determining strategic initiatives in an effort to achieve stable liquidity and optimal
net rewards.
446 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Professional Certification Functions Officers
Membership of the Asset and Liability Committee does
Permanent 1. Vice President Director
not require professional certification.
Voting 2. Information Technology Director
Member 3. Sales & Distribution Director/ Consumer
CRISIS MANAGEMENT– BUSINESS Banking SEVP
CONTINUITY MANAGEMENT STEERING 4. Compliance & Human Capital Director/
Human Capital SEVP
COMMITTEE 5. Risk Management Director/Financing
Duties and responsibilities of the Crisis Management– Risk SEVP
Business Continuity Management Steering Committee 6. Finance & Strategy Director
are as follows: 7. Digital Banking SEVP
1. Determine prevention, handling, recovery and Contributing 1. Group Head/ Equivalent Officer
communication strategies for handling the impact Non Voting Presenter
Member 2. Group Head/Equivalent Officer
of disasters including the Covid-19 pandemic at the regarding material
Bank.
2. Discuss and determine the Bank’s operational
strategy during disaster periods including the Committee Member Profiles
Covid-19 pandemic, BCM activation, determination
of critical work units, work unit work mechanisms Vice President Director
(WFH/WFO), operational working hours, and other Chairman of the Committee concurrently Permanent
matters required in disasters emergency conditions Voting Member
including the Covid-19 pandemic. The complete profile is presented in the “Board of
3. Discuss and resolve strategic issues including Director’s Profile” section in the “Company Profile”
alliances between work units and alliances with chapter of this Annual Report.
the parent company in preventing and handling
Covid-19 at the Bank. Information Technology Director
4. Discuss and determine benefits and/or temporary Vice Chairman of the Committee concurrently
allowances for employees related to the impact of Permanent Voting Member
disasters including the Covid-19 pandemic. The complete profile is presented in the “Board of
5. Delegate authority to appointed officers to decide Director’s Profile” section in the “Company Profile”
and implement matters related to preventing and chapter of this Annual Report.
handling disaster emergencies, including Covid-19.
6. Monitor and evaluate the implementation of Group Head Operations Development
operational strategies that have been approved by Secretary 1
the Steering Committee. The complete profile is presented in the “Profile of
7. Carry out other tasks that require Crisis Executive Officers” section in the “Company Profile”
Management Team (CMT) handling. chapter of this Annual Report.
Membership Structure Group Head IT Operations
Secretary 2
Functions Officers
The complete profile is presented in the “Profile of
Chairman Vice President Director Executive Officers” section in the “Company Profile”
Vice Information Technology Director chapter of this Annual Report.
Chairman
Secretary 1 The secretarial function is carried out by Group Head Human Capital Strategy and Policy
the Working Unit which acts as Head of the Secretary 3
committee’s Working Group. The complete profile is presented in the “Profile of
Executive Officers” section in the “Company Profile”
chapter of this Annual Report.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 447
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
ORGANS AND COMMITTEES
UNDER THE BOARD OF DIRECTORS
Committee Meeting
Throughout 2023, the Crisis Management - Business Continuity Management Steering Committee has held 2 (two)
meetings. Details of the frequency of attendance are presented in the table below.
Frequency and Attendance Level
Number of Number of
Officers Function Attendance Level (%)
Meetings Attendance
Vice President Director Chairman 2 2 100
Information Technology Vice Chairman 2 2 100
Director
Group Head Operations Secretary 1 2 2 100
Development
Group Head IT Operations Secretary 2 - - -
Group Head Human Capital Secretary 3 - - -
Strategy and Policy
Vice President Director Permanent Voting Member 2 2 100
Information Technology Permanent Voting Member 2 2 100
Director
Sales & Distribution Director Permanent Voting Member 2 2 100
Compliance & Human Capital Permanent Voting Member 2 2 100
Director
Risk Management Director Permanent Voting Member 2 2 100
Finance & Strategy Director Permanent Voting Member 2 2 100
Consumer Banking SEVP Permanent Voting Member - - -
Human Capital SEVP Permanent Voting Member 2 2 100
Financing Risk SEVP Permanent Voting Member - - -
Digital Banking SEVP Permanent Voting Member - - -
Implementation of Duties for the Financial Year
In 2023, the Crisis Management - Business Continuity Management Steering Committee has carried out its duties,
including:
1. Steering Committee for Escalation Process Flow of Handling of IT and Non-IT Incidents
2. Steering Committee for Approval of Changes in Organizational Structure Conditions of BCM and Organizational
Structure Conditions of Crisis Management Team
Professional Certification
Membership of the Crisis Management - Business Continuity Management Steering Committee does not require
professional certification.
448 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Internal
Audit
The Internal Audit Work Unit (IA) is the Internal Audit a. Wholesale & Treasury Banking Audit
Work Unit (SKAI) of PT Bank Syariah Indonesia Tbk, b. Finance, Strategy & Procurement Audit
which carries out the Internal Audit Function. SKAI’s c. Risk, Compliance & Human Capital Audit
main responsibility is to assist the President Director 2. Retail, Distribution & Digital Banking Audit
and Board of Commissioners in carrying out supervision. a. Retail Banking Audit
This is accomplished by describing the operational b. Distribution, Strategy & Funding Audit
planning, implementation, and monitoring of audit c. Digital Transaction Banking Audit
results. 3. IT Audit
a. IT Strategy, Development & Governance Audit
Organizational Structure b. IT Operation & Infrastructure Audit
The structure and position of Internal Audit in the c. IT Security Audit
Internal Audit Work Unit (SKAI) organization is led by 4. Audit Policy & Counterpart Group (APG)
the Senior Executive Vice President (SEVP) of Internal a. Audit Policy & Development
Audit, who is in charge of 4 (four) groups and 1 (one) b. Audit Counterpart
department with the following duties specialization: c. MIS & Data Analytic
1. Wholesale & Corporate Center Group d. Quality Assurance
5. Investigation Audit Department (IVA)
Board of
Commissioners
Shariah Supervisory
President Director
Audit Committee Board
Internal Audit
Audit Policy & Wholesale & Corporate Retail, Distribution & Digital Investigation
IT Audit Group
Countertpart Group Center Audit Group Banking Audit Group Audit
Wholesale &
Audit Policy &
Treasury Banking Retail Banking Audit IT Security Audit
Development
Audit
Finance, Strategy & Distribution, Strategy IT Operation &
Audit Countertpart
Procurement Audit & Funding Audit Infrastructure Audit
IT Strategy,
Risk, Compliance & Digital Transaction
MIS & Data Analytic Development &
Human Capital Audit Banking Audit
Governance Audit
Quality Assurance
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 449
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INTERNAL
AUDIT
SKAI Communication with Integrated SKAI
1. PT Bank Syariah Indonesia Tbk SKAI communicates with Integrated SKAI regularly, at least twice a year.
2. PT Bank Syariah Indonesia Tbk SKAI and Integrated SKAI can communicate with the Board of Commissioners and
Sharia Supervisory Board as well as the Integrated Governance Committee in the context of implementation of
Integrated Governance. supervision
Internal Audit Position in the Organizational Structure
The position of SKAI in the Bank Organizational Structure is as follows:
1. Responsible directly to the President Director.
2. In carrying out its duties, SKAI submits reports to the President Director and the Board of Commissioners, and
copies are submitted to the Audit Committee and the Director in charge of the compliance function.
3. Have a functional relationship and can communicate directly with the Board of Commissioners, Board of
Directors, SEVP, Audit Committee and Sharia Supervisory Board.
4. Have a coordination relationship with the Parent Bank’s Integrated Internal Audit Work Unit (SKAIT).
Head of Internal Audit Profile
Satria
Head of Internal Audit
Nationality : Indonesia
Domicile : Jakarta
Age : 56 Tahun
Place, Date of Birth Menggala, September 25, 1967
Basis of Appointment Decree of the Board of Directors of PT Bank Syariah Indonesia, Tbk. No: 03/153-KEP/DIR
dated April 28, 2023
Education History • Master of Management, Bandar Lampung University (2008)
• Bachelor of Economics, Bandar Lampung University (1990)
Work Experience • Chairman of the Supervisory Board (2019-present)
• Chief Retail Audit PT Bank Mandiri (Persero) Tbk (2021-2023)
• Group Head/Senior Vice President Cash & Trade Operations Group PT Bank Mandiri
(Persero) Tbk (2016-2019)
• Regional CEO Sulawesi Maluku (8 Provinces) PT Bank Mandiri (Persero) Tbk (2015-2016)
• Regional CEO Sumatra II (6 Provinces) PT Bank Mandiri (Persero) Tbk (2013-2015)
Certification • Level 5 Banking Risk Management Certification (No. 64131 1210 0 0015875 2023) (2023)
• Certified Internal Audit Executive (Number: SERT CIAE-070/K/04/2022) (2022)
Affiliate Relationship Has no affiliation with the Board of Commissioners, Board of Directors, and Controlling
Shareholders.
Party that Appoints and Dismisses the Head of SKAI
The Head of the Internal Audit Work Unit (SKAI) is appointed and dismissed by the President Director following
the approval from the Board of Commissioners by considering the recommendations of the Audit Committee. In
accordance with Financial Services Authority Regulation (POJK) No.1/POJK.03/2019 dated January 29, 2019,
concerning the Implementation of the Internal Audit Function in Commercial Banks, SKAI as an organization is
directly under the coordination of the President Director.
450 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
Internal Audit Charter SKAI Authorities
The Bank has an Internal Audit Charter as a guideline SKAI has the following authorities:
for the implementation of the internal audit function. 1. Carry out internal audit activities on the activities
The Internal Audit Charter is a guideline for the of all work units within the Bank organization and
implementiation of the following internal audit function: affiliated parties in accordance with applicable
1. Implementation of the internal audit function for governance.
audit implementation 2. Communicate directly with the Board of Directors,
2. Initiation of communication Board of Commissioners and Audit Committee as
3. Examination of the activities of PT Bank Syariah well as the Sharia Supervisory Board.
Indonesia Tbk 3. Hold regular and incidental meetings with the
4. Authority to access records, documents, data and Board of Directors, Board of Commissioners and
physical assets including information management Audit Committee as well as the Sharia Supervisory
systems and minutes of Management meetings. Board.
4. Access all relevant Bank data and information
The Internal Audit Charter is reviewed at least once related to Internal Audit duties and functions,
every 3 (three) years with approval from the Board of namely printed and electronic data, records,
Commissioners and determination from the President employees, funds, assets, locations or areas, as well
Director, taking into account the recommendations of as other information related to Bank resources.
the Audit Committee. 5. Conducting investigations into cases/problems in
every aspect and element of activities involving
SKAI Duties and Responsibilities fraud and/or violations of the Code of Conduct
Duties and Responsibilities of the Internal Audit Work (CoC).
Unit are as follows: 6. Determine the schedule, audit objects, personnel,
1. Assist the President Director and the Board scope, methodology, techniques, tools and audit
of Commissioners in carrying out supervision approaches related to the implementation of
by describing operationally the planning, general audit activities and investigation activities.
implementation and monitoring of audit results. 7. Coordinate activities with the External Auditor.
2. Make analyzes and assessments in the fields of 8. Use the services of external or non-Internal Audit
finance, accounting, operations and other activities parties in carrying out audits, both within the Bank
through audits and continuous monitoring. and outside the Bank, if deemed necessary.
3. Identify all possibilities to improve and increase the 9. Implement internal audit activities in accordance
efficiency of resources and funds utilization. with the Internal Audit Code of Ethics.
4. Provide suggestions for improvement and objective 10. Carry out verification processes, interviews,
information about the activities examined at all confirmations, and/or other audit techniques
levels of management. for internal and external parties related to the
5. Develop written policies and procedures as implementation of Internal Audit duties and
guidelines for Internal Auditors in carrying out their functions.
duties. 11. Participate in strategic meetings (excluding
6. Coordinate SKAI activities with External Audit financing approvals discussion meetings) without
activities and other assurance provider units/ having voting rights in decision making.
functions. 12. Reporting the internal audit summary to the official
7. SKAI is obliged to communicate with regulators at in charge of the internal audit function of the Main
least once every a year. Entity for the Financial Conglomerate.
8. Reporting the internal audit summary to the official
in charge of the internal audit function of the parent Internal Audit Code of Ethics
company. 1. Integrity
Internal auditor integrity builds confidence, which
becomes the foundation for trust in the assessments
they conduct.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 451
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Performance Management Report Company Profile Management Discussion and Analysis
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INTERNAL
AUDIT
Rules of conduct: Rules of Conduct:
a. Carry out duties honestly, carefully and a. Must be careful in using and safeguarding
responsibly; information obtained while carrying out their
b. Comply with the law and make disclosures duties;
based on the laws and regulations applicable in b. Prohibited from using the information to obtain
Indonesia in accordance with the profession; personal gain, or in any way, which is contrary
c. Not knowingly/intentionally involved in to the law or detrimental to the legitimate and
activities that violate the law, or activities that proper objectives of PT Bank Syariah Indonesia
could damage the credibility of the internal Tbk.
audit profession or the reputation of PT Bank
Syariah Indonesia Tbk; And 4. Competence
d. Support and contribute for the achievement of Internal auditors apply the knowledge, skills, and
the legal and feasible goals of PT Bank Syariah experience required to perform internal audit
Indonesia Tbk. duties.
2. Objectivity
Internal auditors demonstrate the highest level of Rules of Conduct:
professional objectivity when collecting, evaluating, a. Only perform duties that require knowledge,
and communicating information about the activity skills, and experience relevant to their
or process under review. qualifications.
b. Carry out assignments in accordance with
Internal Auditors carry out a balanced assessment International Standards for the Professional
of all relevant matters and are not influenced by Practice of Internal Auditing.
personal interests or other parties in providing c. Continuously improve expertise, as well as the
considerations. effectiveness and quality of work results on an
ongoing basis.
Rules of Conduct:
a. Prohibited from participating in any activity Employee Composition
or relationship that could, or reasonably As of December 31, 2023, SKAI had 108 employees with
suspected may hinder the Internal Auditor’s the following composition:
proportional assessment, including operational
Position Total
activities and decision making.
b. Prohibited from accepting anything that could, SEVP Internal Audit 1
or reasonably suspected may impair his or her Group Head 3
professional judgment; and Department Head 13
c. Ensure disclosure of all relevant information to
Auditor 85
avoid discrepancies in the report on reviewed
activities. Staff 6
Total 108
3. Confidentiality
Internal auditors recognize the importance and Internal Audit Professional Certification
ownership of the information they receive and The Audit Certification Program develops auditor
do not disclose it without lawful authority, unless competencies at both the national and international
legally or professionally required. levels. The number of employees who have received
National Level and International Level certification until
December 31, 2023 is as follows:
452 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Position Total Certification
Risk Management Certification (RMC)
Group Head 3 Level 1
3 Level 2
3 Level 3
2 Level 4
1 Level 5
Department Head 13 Level 1
13 Level 2
13 Level 3
1 Level 4
Team Leader 39 Level 1
39 Level 2
1 Level 3
Officer 46 Level 1
30 Level 2
Staff 1 Level 1
Certified Fraud Examiner (CFE)
Group Head 2 CFE
Department Head 1 CFE
Certified Risk Professional (CRP)
Group Head 1 CRP
Certified Information System Auditor (CISA)
Group Head 1 CISA
Certified Information System Security Professional (CISSP)
Group Head 1 CISSP
Encase Certified Examiner (EnCE)
Group Head 1 EnCE
Computer Hacking Forensic (CHFI)
Group Head 1 CHFI
Certified Qualified Internal Auditor (QIA)
Group Head 1 QIA MANagerial Level
Control Objective for Information Technologies (COBIT) 4.2
Group Head 1 COBIT 4.2
Information Technology Infrastructure Library (ITIL)
Group Head 1 ITIL
Certified Bank Internal Auditor (CBIA) Level Supervisor
Group Head 1 Supervisor Level
Department Head 12 Supervisor Level
Team Leader 37 Supervisor Level
Certified Bank Internal Auditor (CBIA) Level Auditor
Group Head 1 Auditor Level
Department Head 13 Auditor Level
Team Leader 39 Auditor Level
Officer 45 Auditor Level
Staff 1 Auditor Level
Certified Internal Audit Executive (CIAE)
Group Head 2 BPKP
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 453
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
INTERNAL
AUDIT
Training/Competence Development
Details of competency development participated by the Internal Audit Work Unit, both leaders and members, are
described as follows:
No. Type of Training
Technical Competency
1 Bank Mandiri Audit Course (BMAC)
2 Legal Forum
3 Digital Audit Workshop
4 Finance and Accounting for Non Finance and Accounting Internal Auditor
5 Effective Report Writing
6 Integrated IT Malware Security SKAI
7 Identify critical points of fraud in the procurement of goods and services
8 Gold Aprraisal Training
9 Socialization of ICOFR and Data Analytics
10 Grafonomi
11 SQL
12 Budgeting
13 Agile Auditing
14 Fraud Auditing 1
15 Analytical and Auditing Skill
16 Analyzing and Imrpoving Business Process
17 Phyton
18 Cobit 2019
19 Fraud Detection & Investigation Internal Auditor
20 Risk Based ESG Audit and Performance Audit Inspection
Softskill Competency
1 Audit Surveillance ISO 37001-2016
2 Sharia Basic Audit Skill
3 Business Marketing Intelligence
4 Risk Management Refreshment
5 LSPKS Assessor Upgrading Training
6 COSO
7 IAIB National Conference
8 Internal Audit Conference Workshop
9 N2 and N3 Risk Management Refreshment
10 IIA National Conference 2023
11 National Anti Fraud Conference 2023
12 AML CTF CPFWMD POJK 8 2023
13 Alignment of SSB Sampling Test Results with SKAI
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Review Responsibility
Internal Audit Unit Meeting
Based on POJK Number 1/POJK.03/2019, the Internal Audit Work Unit has the following authority:
1. Hold regular and incidental meetings with the Board of Directors, Board of Commissioners and Audit Committee,
as well as the Sharia Supervisory Board.
2. Attend strategic meetings.
Meeting Frequency
The Internal Audit Unit’s meetings with BSI internal organizations as part of their duties are described below:
Meeting with:
Board of
Commisssioners Sharia Supervisory
Board of Directors SEVP Internal Audit External Auditor
and the Audit Board
Committee
Number of 13 9 16 4 5
Meeting
Implementation of Internal Audit Duties
1. Audit Implementation
The 2023 audit plan consisted of 27 assignments, as determined by the Annual Audit Plan (AAP) and the 2023
Audit Strategy, both of which have been approved by the President Director and the Board of Commissioners.
Meanwhile, the realization as of December 31, 2023, is 56 assignments, or 207% of the target, as described below:
Non AAP AAP & Non AAP
No. Type of Audit AAP Target Percentage
Realization Realization
1 General Audit 27 29 56 207%
2 Investigation Audit - - 42 100%
Total 27 29 98 -
2. Audit Support Activities
Audit support activities consist of:
a. Implementation of independent reviews, namely Super App, New CMS, Google Workshop.
b. Providing 238 opinions on New Products and Activities (PAB).
c. Providing analytical data and fulfillment of 190 data requirements for external and internal audit inspections.
3. Audit Findings
Internal audit and external audits findings were dominated by operational risks, specifically monitoring financing
portfolios & financing quality weaknesses, with causes of internal processes and details of the causes:
a. Weaknesses in strategic planning.
b. Inadequacy of procedures/provisions.
Follow-up Monitoring List
The Bank has completed 6,675 or 92% of the Follow-up Monitoring List (DMTL) of the set target. The progress of the
follow-up to the inspection results of the Internal Audit and External Audit Work Units for the period January 1, 2023
to December 31, 2023, is as follows:
Completed Completed December
Number of Total In Process
No. Auditor before the Exit 2023
Findings DMTL
Meeting Total % Total %
1 Internal 3,249 1,310 1,939 1,805 93% 129 7%
2 External 3,711 2,263 1,446 1,297 90% 149 10%
Total 6,960 3,573 3,385 3,102 92% 278 8%
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 455
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Internal
Control System
The internal control system is a continuous monitoring a. Increase the effectiveness of risk culture in the
mechanism established by the Board of Directors with organization as a whole.
approval from the Board of Commissioners with the b. Develop an effective risk culture in order to
following objectives: create a mechanism that involves all employees
1. Maintain and secure Bank assets in identifying and preventing weaknesses and
2. Ensure the availability of more accurate reports deviations early, efficiently and effectively
3. Increase compliance with applicable regulations c. Identify weaknesses and assess deviations
4. Reduce financial impacts/losses, deviations early and reassess the fairness of existing
including cheating or fraud, and violations of policies and procedures at the Bank on an
prudential aspects ongoing basis.
5. Increase organizational effectiveness and cost
efficiency. CONFORMITY OF THE INTERNAL CONTROL
SYSTEM WITH AN INTERNATIONALLY
INTERNAL CONTROL SYSTEM OBJECTIVES RECOGNIZED FRAMEWORK (COSO-
The objectives of the Bank’s Internal Control System INTERNAL CONTROL FRAMEWORK)
include financial, operational control and compliance The Internal Control System consists of 8 (eight)
with applicable laws with the following description: components that were interconnected with each other
1. Strategic Objectives and were implemented effectively at all levels of the
To achieve the Bank’s business growth targets in a Indonesian Sharia Bank organization in order to oversee
sustainable manner in line with the Bank’s vision the achievement of the Bank’s objectives. This Internal
and mission. Control System was the result of the development of
2. Compliance Objectives 5 (five) main elements of the Internal Control System
To ensure that all Bank business activities are which were regulated by the Regulator based on
carried out in accordance with sharia principles and POJK No. 35/SEOJK.03/2017 concerning Standard
applicable laws and regulations, both provisions Guidelines for Internal Control Systems for Commercial
issued by the government, banking regulators, Banks.
Bank supervisory authorities and internal policies,
provisions and procedures established by the Bank. At BSI, the Internal Control System was realized in
3. Informational Objectives the form of an Internal Control System Policy which
To ensure the availability of reliable financial refers to the 2008 COSO Model as developed by
information to management in a correct, complete the Committee of Sponsoring Organizations of the
and timely manner, relevant to the need of Treadway Commission (COSO), which consisted of:
appropriate and accountable decision making. 1. Internal Control Environment
4. Operational Objectives 2. Objective Setting
a. To maintain the efficiency and effectiveness of 3. Event/incident Identification
the Bank’s business activities 4. Risk Assessment
b. Increase the effectiveness and efficiency of 5. Risk Response
assets and other resources utilization in order 6. Control Activity
to protect the Bank from the risk of loss 7. Information and communication
5. Risk Culture Objectives 8. Monitoring
456 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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INTERNAL CONTROL SYSTEM REVIEW Weaknesses in internal control, whether discovered
RESULTS by operational work units (risk-taking units), Internal
The Board of Directors is responsible for the Audit Work Units, or other parties, must be immediately
implementation of a reliable and effective Internal reported and brought to the attention of authorized
Control System and has an obligation to promote an officials or Directors. Material weaknesses in internal
effective risk awareness culture and ensure that this is controls must also be reported to the Board of
embedded at every level of the organization. Commissioners.
Internal Audit is responsible for evaluating and STATEMENT OF THE BOARD OF DIRECTORS
playing an active role in continuously improving the AND/OR BOARD OF COMMISSIONERS
effectiveness of the Internal Control System related ON THE ADEQUACY OF THE INTERNAL
to the implementation of bank operations in achieving CONTROL SYSTEM EVALUATION OF
the targets set by the company. Internal Audit carries THE INTERNAL CONTROL SYSTEM
out periodic and incidental audits of all activities in the IMPLEMENTATION
Work Unit. The Board of Directors is responsible for the
implementation of a reliable and effective Internal
The results of the 2023 evaluation revealed that PT Control System and has an obligation to promote an
Bank Syariah Indonesia Tbk’s internal control system effective risk awareness culture and ensure that this is
was generally adequate. embedded at every level of the organization.
The review results were submitted to the Board of Internal Audit is responsible for evaluating and
Directors and Board of Commissioners for effective playing an active role in continuously improving the
follow-up and monitoring of their implementation. effectiveness of the Internal Control System related
In order to strengthen the Internal Control System, to the implementation of Bank operations in achieving
especially to control fraud incidents, BSI has also the targets set by the company. Internal Audit carries
implemented a comprehensive and integrated anti- out periodic and incidental audits of all activities in the
fraud strategy as part of strategic policy. Work Unit.
REVIEW ON THE EFFECTIVENESS OF THE In 2023, the Board of Directors and Board of
INTERNAL CONTROL SYSTEM Commissioners determined that BSI’s implementation
The Bank carries out continuous monitoring of the of the Internal Control System is adequate to ensure
adequacy and effectiveness of the implementation of reliable and efficient performance in finance, operations,
internal control, by: and legislative compliance.
1. Ensure that the monitoring function is clearly
defined and well structured INTEGRATED AUDIT
2. Determine the officers assigned to monitor the The series of processes in an integrated audit include:
effectiveness of internal control implementation • SKAI reports the internal audit summary to the
3. Determine the appropriate frequency for official in charge of the internal audit function of the
monitoring activities parent company.
4. Integrate the Internal Control System into • The Board of Commissioners communicates with
operational activities and provide the necessary the internal audit function of the parent company
routine reports to ensure the internal audit function of the parent
5. Review the evaluation results of the work unit/ company prepares the audit scope and carries out
employee assigned to carry out monitoring internal audit activities with adequate coverage at
6. Provide appropriate information/feedback to the Bank, while adhering to legislation.
interested parties
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 457
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Risk
Management
Discussion of risk management is presented in a separate chapter contained in this Annual Report.
Public
Accountant
Based on Financial Services Authority Regulation management, as well as governance processes and
no. 32/POJK.03/2016 concerning amendments to systems to protect the Bank’s organization and
No. 6/POJK.03/2015 concerning Transparency and reputation;
Publication of Bank Reports, the audit of the Bank’s 3. Bank internal audit practices include the application
financial statements for the 2022 financial year has been of internal audit professional standards established
carried out by an independent, competent, professional by the internal audit association;
and objective Public Accountant in accordance with
the Public Accountant Professional Standards, as well The objectives of an audit is to express an opinion on the
as the work agreement and audit scope that has been financial statements. Second Party Audits are carried
determined. out based on Audit Standards set by the Indonesian
Institute of Public Accountants (Indonesian Auditing
The Bank holds regular meetings with external Standards). These standards require the Second Party
auditors to discuss several significant important issues. to comply with ethical requirements, plan and carry
This is accomplished to ensure the audit process is out the audit to obtain reasonable assurance about
in accordance with the Accountant’s Professional whether the financial statements are free from material
Standards and the work agreement and audit scope that misstatement.
have been determined. In addition, allowing the audit
results to be completed according to the predetermined An audit involves performing procedures to obtain
time target. audit evidence about the figures and disclosures in the
financial statements. The procedures selected depend
IMPLEMENTATION OF THE EXTERNAL on the auditor’s judgment, including an assessment
AUDIT FUNCTION of the risks of material misstatement in the financial
External Auditors have the function of auditing the statements, whether due to fraud or error. In carrying
Bank’s financial statements, forming and expressing out the risk assessment, the auditor considers internal
opinions on the fairness of the Bank’s financial control relevant to the preparation and fair presentation
statements and testing internal controls, including of the First Party’s financial statements to design
retesting items previously tested by Internal Audit and appropriate audit procedures in accordance with the
observing procedures carried out by Internal Audit. circumstances, but not for the objective of expressing an
opinion on the effectiveness of the First Party’s internal
The following are factors to consider when determining control.
whether a bank requires an external audit:
1. Implementation of good governance requires an Article 3 of Bank Indonesia Regulation No. 11/3/
internal audit function that is independent and PBI/2009 dated January 29, 2009, concerning Sharia
has adequate authority, competent resources and Commercial Banks, confirms that Banks must have
access to information. articles of association, which, in addition to fulfilling the
2. Implementation of effective internal audits provides requirements of the articles of association as stipulated
independent assurance to the Bank regarding the in the provisions of statutory regulations, must also
quality and effectiveness of internal control, risk contain the following provisions: c. The Bank’s GMS
458 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
determines management duties, remuneration for the 2. PAF and/or PA that have carried out audit work
Board of Commissioners and Board of Directors, annual well, can be proposed again to audit the annual
accountability reports, appointment and fees for public financial statements for the following financial
accountant services, use of profits, and other matters year after considering the requirements in the
stipulated in Bank Indonesia regulations. applicable provisions. The requirements for
auditing the Company’s financial statements for the
Meanwhile, Article 6 of OJK Regulation No. 6/ financial year ending December 31, 2023, as well
POJK.03/2015 dated March 31,2015, concerning as the Board of Commissioners’ evaluation, are as
Transparency and Publication of Bank Reports, stated follows:
that Financial statements at the end of December, which a. The Public Accounting Firm has a valid business
are announced quarterly and annually must be audited license from the Ministry of Finance.
by a Public Accountant registered with the Financial b. The Public Accounting Firm is registered with
Services Authority. the Public Accounting Firm Information System
of the Supreme Audit Agency.
Article 13 paragraph (1) of OJK Regulation No. 13/ c. The Public Accountants who become Signing
POJK.03/2017 dated March 27, 2017, concerning Partners are registered as active at the
the Use of Public Accountant Services and Public Financial Professional Development Center of
Accounting Firms in Financial Services Activities, stated the Ministry of Finance, the Financial Services
that Appointment of Public Accountants (PA) and/or Authority, and State-Owned Banks, which are
Public Accounting Firms (PAF) who will provide audit members of the State Bank Association.
services of annual historical financial information must d. Affiliated as a member (not correspondence) of
be decided by the General Meeting of Shareholders of an international PAF.
Parties Carrying Out Financial Services Activities by e. Experienced in auditing annual financial
considering the Board of Commissioners’ proposal. statements of commercial banks with breast
more than Rp10 trillion
APPOINTMENT OF PUBLIC ACCOUNTANT f. Experienced in auditing annual financial
1. The appointment of PAF and PA as well as the statements of Sharia banks or Sharia business
determination of fees/honorarium for auditing units.
the Company’s ongoing books is carried out based
on the proposal of the Board of Commissioners in
accordance with the recommendations of the Audit
Committee.
PUBLIC ACCOUNTING FIRM
Year Public Accounting Firm KAP Period Accountant Name Accountant Audit Service Fee (Rp)
Period
2023 Accounting Firm 1 year assignment M. Jusuf Wibisana 1 year assignment 5,600,000,000
Tanudiredja, Wibisana, (including: VAT & OPE)
Rintis & Rekan (member
firm of PwC global
network)
2022 Accounting Firm 1 year assignment M. Jusuf Wibisana 1 year assignment 5,400,000,000
Tanudiredja, Wibisana, (including: VAT & OPE)
Rintis & Rekan (member
firm of PwC global
network)
2021 Accounting Firm 1 year assignment M. Jusuf Wibisana 1 year assignment 5,100,000,000
Tanudiredja, Wibisana, (including: VAT & OPE)
Rintis & Rekan (member
firm of PwC global
network)
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 459
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
PUBLIC
ACCOUNTANT
OTHER SERVICES PROVIDED during the audit process. Meetings are held on a regular
Other services are not provided, except for financial basis to discuss several significant important issues in
statements and the implementation of agreed-upon order to ensure that the audit process adheres to the
procedures regarding report on PSA 62 performance Professional Accountant Standards, as well as the work
evaluation and audit results. agreement and audit scope that have been established,
and that it is completed within the time frame specified.
FINANCIAL YEAR AUDIT OPINION
The audit results provide a “Fair” opinion, in all material COORDINATION BETWEEN EXTERNAL
respects, on the financial position of PT Bank Syariah AUDITORS AND AUDIT COMMITTEE
Indonesia Tbk as of December 31, 2023, as well as the Bank Syariah Indonesia is always working to improve
profit and loss report and other comprehensive income, communication between the Public Accounting Firm,
change in equity report, cash flow report, report on Audit Committee, and Internal Audit to reduce potential
sources and distribution of zakat funds, and a report obstacles during the audit process. Meetings are held on
on the sources and use of benevolent funds for the year a regular basis to discuss several significant important
ending on that date, in accordance with Indonesian issues in order to ensure that the audit process adheres
Financial Accounting Standards. to the Professional Accountant Standards, as well as
the work agreement and audit scope that have been
The coordination between External Auditor and Bank established, and that it is completed within the time
Syariah Indonesia Audit Committee aims to enhance frame specified.
communication between the Public Accounting Firm,
Audit Committee, and Internal Audit to reduce obstacles
Policies on Anti-Money Laundering
(AML), Counter-Terrorism Financing (CTF),
and Counter-Proliferation Financing of
Weapons of Mass Destruction (CPFWMD)
Indonesia made history in the fields of AML, CTF, and their invested capital is safe and has a low risk of the
CPFWMD by becoming a full member of the 40th potential for money laundering, terrorism financing, or
Financial Action Task Force (FATF) on October 27, proliferation financing of weapons of mass destruction.
2023. This full membership in the FATF has significant
implications, given that the FATF is an international Money Laundering Crime (TPPU), Terrorist Financing
forum that aims to establish global standards regimes for Crime (TPPT) and Financing of Proliferation of Weapons
anti-money laundering and counter-terrorism financing, of Mass Destruction (PPSPM) are all transnational
as well as other issues that threaten the integrity and crimes that pose significant risks to many countries,
stability of the international financial system. including Indonesia. These crimes can result in losses
to the economy and state finances. Banking institutions
Indonesia’s membership in the FATF will increase the that perform intermediation functions may be used to
country’s economic credibility and positive perceptions launder money for terrorism and proliferation financing.
of its domestic financial system. Investors’ trust in Thus, prevention necessitates the coordination and
Indonesia will grow as they know that the capital cooperation of all stakeholders.
460 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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PT Bank Syariah Indonesia (“BSI,” “Bank”), as a member 9. Financial Services Authority Circular Letter No.
of the national banking industry with a national and 31/SEOJK.01/2019 dated December 26 ,2019,
global network, plays an important role in ensuring the concerning Guidelines for Immediate Blocking
integrity of financial transactions for all products and of Customer Funds in the Financial Services
services purchased by customers. BSI also assists law Sector whose identities are included in the List
enforcement in implementing anti-money laundering of Proliferation Financing of Weapons of Mass
programs to counter terrorism and proliferation Destruction
financing. 10. Financial Services Authority Circular Letter
No.47/SEOJK.04/2017 dated September 06,
This commitment is more than just an effort by BSI 2017 concerning Implementation of Anti-
to comply with statutory regulations. Furthermore, Money Laundering and Counter-Terrorism
adhering to the fundamental values of Sharia is crucial Financing Programs in the Capital Markets
for promoting human welfare and preventing harm. Sector
11. PPATK Head Regulation No. PER-11/1.02/
LEGAL BASIS FOR IMPLEMENTATION PPATK/09/2012, regarding Cash Financial
BSI always carries out business activities by prioritizing Transactions Excluded from Reporting
the precautionary principle as an effort to mitigate Obligations, including all the amendments.
the risks of money laundering, terrorism financing 12. PPATK Head Regulation No. PER-11/1.02/
and funding the proliferation of weapons of mass PPATK/06/2013, regarding Identification
destruction. The Bank refers to statutory regulations in of Suspicious Financial Transactions for
implementing APU PPT. The details are: Financial Service Providers, including all the
amendments.
A. External Provisions: 13. PPATK Head Regulation No. PER-21/1.02/
1. Republic of Indonesia Law no. 8 of 2010 PPATK/11/2013, regarding Identification
concerning Prevention and Eradication of of Cash Financial Transactions for Financial
Money Laundering Service Providers, including all the
2. Republic of Indonesia Law no. 9 of 2013 amendments.
concerning Prevention and Eradication of 14. PPATK Head Regulation No. PER-02/1.02/
Terrorism Financing Crimes PPATK/02/2014, regarding the Integrated
3. Law no. 21 of 2008 concerning Sharia Banking Service User Information System, including all
4. Republic of Indonesia Law no. 3 of 2011 dated the amandements.
March 23 2011, regarding Fund Transfers, 15. PPATK Head Regulation No. Per-02/1.02/
including all the amandements. PPATK/02/15, regarding Categories of Service
5. POJK No. 8 of 2023 concerning Implementation Users Who Have the Potential to Commit the
of Anti-Money Laundering Programs, Counter- Crime of Money Laundering, including all the
Terrorism Financing and Counter-Proliferation amandments.
Financing of Weapons of Mass Destruction in 16. Regulation of the Head of PPATK No.18 of
the Financial Services Sector 2017 dated November 16, 2017, concerning
6. SEOJK No. 32/SEOJK.03/2017 concerning the Implementation of Temporary Suspensions
Implementation of Anti-Money Laundering and Postponement of Transactions by Financial
and Counter-Terrorism Financing Programs in Services Providers
the Banking Sector 17. PPATK Head Regulation No. 11 of 2020
7. SEOJK No.38/SEOJK.01/2017 dated July 18, concerning Procedures for Using the Politically
2017 concerning Guidelines for the Immediate Exposed Person Application
Blocking of Customer Funds in the Financial 18. PPATK Head Regulation No. 11 of 2021
Services Sector whose identities are included concerning Information Systems for Suspected
in the List of Suspected Terrorists and Terrorist Terrorism Financing.
Organizations, including all the amendments. 19. PPATK Circular Letter No. SE-01/1.02/
8. SEOJK No. 29/SEOJK.01/2019 dated PPATK/02/14, regarding Examples of Using the
December 23, 2019, concerning Amendments Perpetrator Approach and Account Approach
to Financial Services Authority Circular Letter in Implementing Cash Financial Transaction
No. 38/SEOJK.01/2017 concerning Guidelines Identification, including all the amandements.
for Immediate Blocking of Customer Funds in 20. PPATK Circular Letter No.SE-02/1.02/
the Financial Services Sector whose identities PPATK/03/14, regarding Procedures
are included in the List of Suspected Terrorists for Submitting Integrated Service User
and Terrorist Organizations . Information, including all the amendments.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 461
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Performance Management Report Company Profile Management Discussion and Analysis
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POLICIES ON ANTI-MONEY LAUNDERING (AML), COUNTER-TERRORISM FINANCING (CTF),
AND COUNTER-PROLIFERATION FINANCING OF WEAPONS OF MASS DESTRUCTION (CPFWMD)
21. PPATK Circular Letter No. 1 of 2019 dated 4. Operational Technical Instructions for
January 31, 2019, concerning Indicators of Supervision and Sampling Test of AML Officers
Suspicious Financial Transactions Related to in 2023.
Umrah Travel Bureaus/Agents. 5. Operational Technical Instructions for Fulfilling
22. PPATK Circular Letter No. 08 of 2019 dated Customer Financial Data Requests and
August 5, 201,9 concerning Indicators of Account Blocking Orders from Third Parties in
Suspicious Financial Transactions Related to 2023.
Narcotics Crimes. 6. Operational Technical Instructions for the
BISA (BSI Integrated System of AML CFT)
B. Internal Provisions: Application, 2021.
1. Legal, Compliance and AML CTF Policy of PT
Bank Syariah Indonesia Tbk. AML CTF AND CPFWMD MANAGEMENT
2. Standard Procedures for Anti-Money The AML CTF Group (AMG) Work Unit manages
Laundering (AML) Control, Counter-Terrorism the implementation of AML CTF and CPFWMD at
Financing (CTF) and Counter-Proliferation PT Bank Syariah Indonesia Tbk (“BSI” or “Bank”).
Financing of Weapons of Mass Destruction The Board of Commissioners and board of Directors
(CPFWMD) of PT Bank Syariah Indonesia Tbk, actively supervises the management’s implementation.
September 2023.
3. Operational Technical Instructions for The Board of Commissioners and the Board of Directors/
Individual Risk Assessment, July 2023. SEVP’s duties, responsibilities, and authorities regarding
the supervision and implementation of the AML, CTF,
and CPFWMD programs include:
Executive Duties and Responsibilities
Board of Active supervision of the Board of Commissioners includes at least:
Commissioners a. Ensure that the Bank has Policies and Procedures for the implementation of the AML CTF & CPFWMD
programs;
b. Provide approval for the Policies and Procedures for the implementation of the AML CTF & CPFWMD
programs proposed by the Board of Directors;
c. Evaluate the policies and procedures for the implementation of the AML CTF & CPFWMD programs;
d. Supervise the implementation of the Board of Directors’ responsibilities regarding the implementation of
the AML CPFWMD programs, including commitments made by the Bank to regulators;
e. Ensure that there are discussions regarding Money Laundering, Terrorism Financing and/or Proliferation
Financing of Weapons of Mass Destruction in meetings of the Board of Directors and Board of
Commissioners;
f. Provide input/suggestions to the Board of Directors regarding the implementation of the AML CTF &
CPFWMD programs.
Board of Active supervision of the Board of Directors/SEVP includes at least:
Directors/SEVP a. Propose written policies for the AML CTF & CPFWMD Programs to the Board of Commissioners;
b. Ensure that the implementation of the AML CTF & CPFWMD Programs is carried out in accordance with
established written policies and procedures;
c. Establish a special Work Unit for the implementation of the AML CTF & CPFWMD Programs and/or
appoint officers responsible for the AML CPFWMD Programs;
d. Supervise Work Unit compliance in the implementation of the AML CTF & CPFWMD programs;
e. Ensure that written policies and procedures regarding the AML CTF & CPFWMD Programs are in line
with changes and developments in the Bank’s products, services and technology, as well as in accordance
with developments in TPPU, TPPT and/or PFWMD modes; and
f. Ensure that all employees, especially employees from related work units and new employees, have
attended training related to the AML CTF & CPFWMD Programs once a year.
g. Ensure that there is discussion regarding the implementation of the AML CTF & CPFWMD programs in
Board of Directors meetings.
a. Determine the steps necessary to ensure the Bank has complied with regulatory provisions regarding
AML CTF & CPFWMD other relevant and applicable laws and regulations.
b. Ensure that the scope of active supervision of the Board of Directors is fulfilled adequately.
c. Monitor and maintain the Bank’s compliance with all commitments made by the Bank to regulators,
including commitments in the Action Plan, Data Update Activity Plan Report, and Regulatory Supervision
results related to the implementation of the AML CTF & CPFWMD Programs.
462 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Executive Duties and Responsibilities
d. Monitor the implementation of the duties of the Special Work Unit and/or Bank officers who are
responsible for the implementation of the AML CTF & CPFWMD Programs.
e. Provide approval for reporting to regulators regarding:
1) Suspicious Financial Transaction Report
2) Report on Plans and Realization of Data Updating to Regulators
3) Postponement and temporary suspension of transactions.
4) Closing of business relations and rejection of transactions.
5) Closing of business relationship with appropriate refund through the agency in accordance with
applicable legislation.
6) Determination of officers, reporters and administrators for reporting to PPATK.
7) Other reports related to AML CTF & CPFWMD submitted by the Board of Directors to the
supervisory authority of overseas branch offices.
Special AML CTF 1. Establishment of a Special AML CTF & CPFWMD Work Unit / (AML CTF Group)
& CPFWMD In order to implement the AML CTF & CPFWMD Programs, the Banks must be supported by a Special
Work Unit Work Unit (UKK) which handles and manages the Bank’s AML CTF & CPFWMD Programs.
The Bank’s UKK is called the Anti-Money Laundering, Counter-Terrorism Financing and Counter-
Prolifeartion Financing of Weapons of Mass Destruction Work Unit, in this case it is the AML CTF Group
(AMG).
The establishment takes into account the following:
a. Leaders and staff in the AML CTF & CPFWMD Group work unit does not have concurrent functions
other than risk management and/or compliance functions. These officers and staff are prohibited
from being placed in positions that face a conflict of interest while carrying out their responsibilities;
b. The leadership of the AML CTF & CPFWMD work unit is determined and appointed by the Board of
Directors;
c. This Work unit is directly under the coordination of the Board of Directors within the Bank’s
organizational structure;
d. The AML CTF Group work unit is independent from other functions;
e. The person in charge of the AML CTF & CPFWMD programs for Custodial banks can only serve as a
compliance function and must be separate from the internal audit function. The person in charge of
the AML CTF & CPFWMD programs for Custodial banks can be concurrently the Person in charge of
the Bank’s AML CTF & CPFWMD programs.
2. The head of the AML CTF Group (AMG) work unit is required to meet the following criteria:
a. Fulfill the independence requirements;
b. Mastering the provisions of the Financial Services Authority and statutory regulations;
c. Does not perform other duties outside the AML CTF & CPFWMD Functions;
d. Have a high commitment to implementing and developing the AML CTF & CPFWMD Program;
e. Have the authority to access all customer data and other related information in the context of
performimg duties;
f. Realizing the implementation of the AML CTF and CPFWMD Programs at all levels of the Bank’s
organization and business activities;
g. Managing AML CTF & CPFWMD risks faced by the Bank;
h. Ensure that policies, provisions, systems and procedures as well as business activities carried out by
the Bank are in accordance with the provisions of the Financial Services Authority, PPATK provisions
and provisions of laws and regulations as well as recommendations of the Financial Action Task Force
(FATF).
3. Duties and Functions of the AML CTF Work Unit:
a. The AML CTF Work Unit is led by the Head of the AML CFT work unit who is structurally responsible
directly to the Director in charge of the Compliance Function related to AML CTF & CPFWMD.
b. Duties, responsibilities and authority of the AML CTF Work Unit:
1) Strengthen understanding of the AML CTF and CPFWMD programs in all business activities and
bank networks, including Indonesian and overseas branches.
2) Identify, measure, monitor and control potential AML CTF & CPFWMD risks by referring to
the provisions of the Financial Services Authority, PPATK and other regulations, including the
applicable provisions where foreign bank offices operate;
3) Assess and evaluate the effectiveness, adequacy and conformity of BSI’s policies, provisions,
systems and procedures with statutory provisions;
4) Periodically analyze the risk assessment of Money Laundering and/or Terrorism Financing
crimes related to customers, countries or geographic areas, products, services, transactions or
delivery channels. The risk assessment must refer to Indonesia’s risk assessment for the Money
Laundering and Terrorism Financing crimes nationally (National Risk Assessment) and sectorally
(Sectoral Risk Assessment);
5) Prepare, update and propose guidelines for the implementation of the AML CTF Programs to the
Director in charge of the Compliance function;
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POLICIES ON ANTI-MONEY LAUNDERING (AML), COUNTER-TERRORISM FINANCING (CTF),
AND COUNTER-PROLIFERATION FINANCING OF WEAPONS OF MASS DESTRUCTION (CPFWMD)
Executive Duties and Responsibilities
6) Review and/or recommend updating and improving the Bank’s policies, provisions, systems, and
procedures to ensure compliance with Financial Services Authority regulations;
7) Make efforts to ensure that the Bank’s policies, provisions, systems and procedures, as well as
business activities are in accordance with the provisions of the Financial Services Authority and
statutory regulations, as well as the recommendations of the Financial Action Task Force (FATF);
8) Review policies and procedures to reflect changes and development in the financial service sector,
including products, services and technology, as well as Bank business activities and complexity,
transaction volume, and minimum Money Laundering and/or Terrorism Financing modes once a
year, and prepare changes to policies and procedures no later than 6 (six) months from the results
of the review;
9) Monitor customer accounts and implementation of customer transactions;
10) Evaluate the results of monitoring and analysis of Customer transactions to ensure the presence
or absence of Suspicious Financial Transactions, Cash Financial Transactions and/or funds
transfer financial transactions to and from overseas;
11) Administer monitoring and evaluation results;
12) Prepare reports on Suspicious Financial Transactions, Cash Financial Transactions and/or Funds
Transfer Financial Transactions From and Out of the Country;
13) Monitor, analyze and recommend training needs regarding the implementation of the AML CTF
& CPFWMD programs for bank officers and/or employees;
14) Ensure the implementation of AML CTF & CPFWMD, including those related to:
a. Availability of a system that can identify, analyze, monitor and provide reports effectively
regarding the profile, characteristics or transaction patterns of customers;
b. Availability of a good communication mechanism from each related work unit to the special
work unit or officers in charge for the implementation of the AML CTF & CPFWMD programs
while maintaining the confidentiality of information and paying attention to anti-tipping-off
provisions;
c. Availability of identification of high risk areas and businesses related to the implementation
of the AML CTF & CPFWMD programs by referring to statutory provisions and adequate
information sources;
d. Ensure that forms related to Customers are able to accommodate the data required for the
implementation of the AML CTF and CPFWMD programs:
i. Customer data updates have been carried out by the relevant work units.
ii. All activities in the context of the implementation of the AML CTF & CPFWMD programs
were carried out well.
15) Maintain the confidentiality of information by observing the Anti-Tipping Off provisions;
16) Carry out supervision and other duties related to the implementation of AML CTF & CPFWMD
compliance;
17) Receive, analyze and compile reports on Suspicious Financial Transactions and/or Cash Financial
Transactions submitted by work units;
18) Monitor regularly and ensure that follow-up actions towards DTTOT and DPPSPM are in
accordance with laws and regulations regarding the prevention and eradication of TPPU and
regulations regarding the prevention and eradication of PFWMD;
19) Identify and assess AML CTF & CPFWMD risks related to the development of new products &
business practices, including new distribution mechanisms and the use of new technology or
technology development for new and existing products.
c. Region AML Officer
Duties and Responsibilities of AML Officers in the Region:
1) Monitor customer accounts and the implementation of customer transactions;
2) Evaluate the results of monitoring and analyzing Customer transactions to ensure that there are
or are not suspicious financial transactions, and report suspicious transactions to the AMG Head
Office Work Unit;
3) Ensure updating of customer data and profiles as well as customer transaction data and profiles;
4) Ensure that business activities with a high risk of Money Laundering, Terrorism Financing and/or
Proliferation Financing of Weapons of Mass Destruction are identified effectively in accordance
with PJK policies and procedures;
5) Supervise the implementation of the AML CTF & CPFWMD programs for related work units;
6) Ensure that all activities in the framework of the AML CTF & CPFWMD programs implementation
are carried out well (including ensuring that account opening activities are carried out in
accordance with policies and procedures);
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Executive Duties and Responsibilities
7) Conduct socialization of the AML CTF & CPFWMD programs and implementation in the Region;
8) Provide input regarding the implementation of AML CTF & CPFWMD to employees at AMG
Outlets/Work Units at Head Office;
The Head Office AMG Work Unit can consider the number of AML Team Leader and AML Officer
employees in each Region on a risk-based basis. Things that influence regional risk levels include:
1) The use of products and services offered requires approval from the Financial Services Authority/
other relevant regulators and/or Regulatory and Supervisory Institutions.
2) Number of high-risk customers owned.
3) Outlet business volume.
4) Transaction activities with foreign countries.
5) The outlet location is in an area where the community is known as a cash society.
6) Risk assessment results issued by the authority where the overseas branch office operates.
d. Custodial AML and CTF officers
Duties and responsibilities of Custodial AML CTF Officers:
1) Monitor custody customer transactions;
2) Evaluate the results of monitoring and analyzing Customer transactions to ensure that there are
or are not suspicious financial transactions, as well as reporting suspicious transactions;
3) Ensure updating of customer data and profiles as well as customer transaction data and profiles;
4) Supervise the implementation of the AML CTF & CPFWMD programs for related work units;
5) Ensure that all activities in the context of the APU PPT & PPPSPM program implementation are
carried out well (including ensuring that account opening activities are carried out in accordance
with policies and procedures) Conduct socialization of the AML CTF & CPFWMD Programs and
implementation;
e. Overseas Branch Offices AML Officer
Duties and Responsibilities of Overseas Branch Office AML Officers:
1) Monitor customer accounts and transactions;
2) Reporting Suspicious Financial Transactions and other reports to local state authorities;
3) Ensure updating of customer data and profiles as well as customer transaction data and profiles;
4) Ensure that business activities with a high risk of money laundering and/or terrorism financing
are identified effectively in accordance with policies and procedures;
5) Submit reports on the implementation of AML CTF & CPFWMD to the AML CTF & CPFWMD
Head Office at least quarterly, no later than the 10th of the following month.
f. The organizational structure of the AML CTF Group work unit consists of:
1) Group Head AML CTF as many as 1 (one) employee.
2) The AML CTF Department consists of:
a. Strategic Alliance Department consists of:
i. Dept head, Manager & Officer in KP as many as 7 (seven) employees.
ii. AML Team Leader in the Region as many as 3 (three) employees
iii. AML Officers in the Region as many as 17 (seventeen) employees.
b. Policy & Advisory Department
i. Dept head, Manager & Officer in KP as many as 11 (eleven) employees.
c. Analyst & Monitoring Department
i. Dept head, Team Leader & Officer as many as 7 (seven) employees.
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Performance Management Report Company Profile Management Discussion and Analysis
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POLICIES ON ANTI-MONEY LAUNDERING (AML), COUNTER-TERRORISM FINANCING (CTF),
AND COUNTER-PROLIFERATION FINANCING OF WEAPONS OF MASS DESTRUCTION (CPFWMD)
IMPLEMENTATION OF AML CTF IN 2023 b. BSI, in collaboration with PPATK, held a Sharing
In accordance with the provisions of the Law on the Session with the theme “The Active Monitoring
Prevention and Eradication of Money Laundering Crime Role of the Board of Commissioners and Board of
No. 8 of 2010, Law on the Prevention and Eradication of Directors in Supporting the Effectiveness of the
Terrorism Financing Crime no. 9 of 2013, OJK Regulation Anti-Money Laundering and Counter-Terrorism
no. 08 of 2023 as well as PPATK regulations, the AML Financing Program Implementation, which was
CTF & CPFWMD programs have been implemented attended by the Boad of Directors, Board of
through: Commissioners, SEVP, and all Group Heads on April
13, 2023 with the Head of PPATK as a resource
Active supervision of the Board of Directors person.
and Board of Commissioners c. BSI has received ISO 37301:2021 Compliance
The active role of the Board of Directors and Board of Management System certification with the scope of
Commissioners is very necessary to create effective AML CTF in 2022, carried out a surveillance process
implementation of the AML CTF & CPFWMD Programs. (supervisory audit) regarding this in November
Management is always committed to making this 2023, and successfully maintained ISO 37301:2021
happen through active supervision by the Board of certification.
Directors and Board of Commissioners, which includes, d. BSI participated in the assessment of Compliance
among other things, the following: with the implementation of AML CTF & CPFWMD
a. Fulfillment of monthly AML CTF & CPFWMD by PPATK in the Financial Integrity Rating (FIR)
reports to the Director of Compliance and Human agenda and successfully obtained the title “Very
Capital (CHC). Good.”
b. Availability of the authority of the Director of
Compliance and Human Capital (CHC) to approve Policies and Procedures
Suspicious Financial Transaction Reports (LTKM), The AML CTF & CPFWMD Programs Implementation
which are carried out independently. Policies and Procedures have been prepared and are
c. Discussion of AML CTF & CPFWMD materials in continuously reviewed/updated on a regular basis in
committees under the Board of Directors. accordance with applicable regulations. Provisions
d. Fulfillment of Quarterly Reports to the Board related to AML CTF & CPFWMD include:
of Commissioners through the Risk Monitoring a. Compliance, Legal and AML CTF Policies
Committee forum. b. AML CTF & CPFWMD Standard Control
e. Tone From The Top is understood and integrated Procedures (SPP) September 2023 edition, which
across all business lines as well as consistency in the contains:
implementation of AML CTF & CPFWMD. 1) Organization and Authority
f. Engagement Leadership regarding the urgency 2) Principle of Recognizing Bank Service Users;
of AML CTF & CPFWMD implementation in the 3) Administration, CDD and EDD Process;
context of the role of the Board of Directors 4) Updating and Monitoring;
in supporting the effectiveness of AML CTF & 5) Termination, Postponement and Rejection of
CPFWMD implementation. Business Relations / Transactions;
g. The effectiveness of the Board of Commissioners’ 6) Risk Management and Administration of
supervision in maintaining Bank Compliance Policies and Procedures;
towards the era of principle based regulation. 7) Money Laundering, Terrorism Financing and/or
Proliferation Funding modes;
As another commitment from the Board of Directors 8) Cross Border Correspondent Banking;
and Commissioners regarding AML CTF & CPFWMD, 9) Fund Transfer;
the following matters are carried out: 10) Internal Control & Management Information
a. BSI played an active role as a sampling bank on the Systems;
Mutual Evaluation Review (MER) agenda in the 11) Human Resources and Know Your Employee
context of Indonesia becoming a member of the (KYE);
Financial Action Task Force (FATF) in July 2022 and 12) Reporting.
Indonesia succesfully becoming the 40th member
of the FATF on October 27, 2023.
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c. AML CTF Individual Risk Assessment (IRA) socialization regarding the implementation of the
Operational Technical Guidelines July 2023 edition, AML CFT program at outlets and branches.
consisting of:
1) Assessment Methodology; The AML Officer (AMLO) conducted sampling tests on
2) TPPU Individual Risk Assessment (IRA) results; all outlets in ten (10) regions, as follows:
3) TPPT Individual Risk Assessment (IRA) results.
d. AML Officers (AMLO) Supervision and Sampling
Number Sampling Test Implementation
Test Operational Technical Instructions 2023 Region
of Branch Onsite % Online %
edition, consisting of:
1) Duties and responsibilities of the AML Officer; Aceh 154 143 93 11 7
2) Procedures and supervision of AML Officer Medan 98 93 95 5 5
sampling tests;
Palembang 107 92 86 15 14
3) AML Officer reporting.
e. Operational Technical Guidelines for the Fulfillment Jakarta 1 126 126 100 0 0
of Customer Financial Data Requests and Account Jakarta 2 103 103 100 0 0
Blocking Orders from Third Parties in 2023, Bandung 83 83 100 0 0
consisting of: Semarang 105 105 100 0 0
1) Duties, Responsibilities and Authority;
Surabaya 153 153 100 0 0
2) Fulfillment of data requests;
3) Fulfillment of blocking orders. Kalimantan 71 56 79 15 21
f. BISA Application PTO Makassar 86 82 95 4 5
1) Duties and Responsibilities TOTAL 1,086 1,036 95 50 5
2) General Provisions
3) Implementation Provisions
In addition to the AMLO Sampling Test, validation was
In addition to the above, AML CTF & CPFWMD opinions performed on the results of the AMLO Sampling Test by
are also provided for new activities and products as KP AMG, which was carried out on site toward sampling
follows: from several areas, with the following details:
No. Decription Total Number
Region Area
of Branch
1. Updates on AML CTF & CPFWMD 2
Internal Policies Aceh Lhokseumawe Area 12
2. AML CTF & CPFWMD Internal Policies 1 Banda Aceh Area 11
3. Opinions regarding AML CTF: Meulaboh Area 10
a. Opinions on New Products & Activities 36
Medan Batam Area 12
b. Opinion on Existing Products and 35
Activities Pekanbaru Area 14
4. Review of Existing Provisions 8 Medan City Area 15
Pematangsiantar Area 7
Internal Control Medan Raya Area 11
In order to ensure that the implementation of the AML Bengkulu Area 7
CTF & CPFWMD Programs runs smoothly, an internal
Palembang Jambi Area 9
control process has been carried out by internal AMG,
Internal Audit and OJK Supervisors, with the following Bandar Lampung Area 12
activities: Padang Area 13
a. Internal control is carried out by AMG through a Palembang Area 14
sampling test by visiting outlets (on the spot) or Jakarta 1 Jakarta Kebon Jeruk Area 17
online (ondesk) by the AML Officer (AMLO) to
Jakarta Kelapa Gading Area 16
view transaction documents and account opening
documents related to the fulfillment of the AML Jakarta Rawamangun Area 11
CTF & CPFWMD program implementation in Jakarta Thamrin Area 9
accordance with external provisions, including OJK Bekasi Area 13
regulations as well as laws and internal provisions. Banten Area 12
Following the preview process, AMLO conducted
Jakarta 2 Jakarta Fatmawati Area 13
Jakarta Pondok Indah Area 7
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POLICIES ON ANTI-MONEY LAUNDERING (AML), COUNTER-TERRORISM FINANCING (CTF),
AND COUNTER-PROLIFERATION FINANCING OF WEAPONS OF MASS DESTRUCTION (CPFWMD)
Number Information Management System
Region Area
of Branch The Bank continues to improve the quality of the AML
CTF & CPFWMD program implementations, which are
Jakarta Saharjo Area 15
based on a risk-based approach (RBA), as potential risks
Depok Area 11
increase. This is in line with the increasing complexity of
Bogor Area 13 products and services as well.
South Tangerang Area 13
Bandung Bandung Kota Area 8 Likewise, with the rapid use of information technology
Bandung Raya Area 6
in financial transactions, banks are therefore required
to have an information system to be able to identify,
Cirebon Area 13
analyze, monitor, and provide reports regarding the
Semarang Purwokerto Area 10 characteristics of transactions carried out by customers..
Semarang Kota Area 15
Pekalongan Area 14 Currently, the Bank has the “BSI Integrated System of
Solo Area 19
AML CtF (BISA),” namely BSI’s web-based software
application. Its function is to carry out the screening
Yogyakarta Area 6
process, risk rating, monitoring suspicious transactions
Surabaya Denpasar Area 16 and reporting related to the implementation of the AML
Surabaya Kota Area 11 CTF & CPFWMD programs.
Surabaya Raya Area 19
Jember Area 11
At the branch office level, officers are required to utilize
this application in all their work activities. The aim
Kediri Area 15
is to mitigate risks related to criminal acts of money
Malang Area 14 laundering, criminal acts of terrorism financing, criminal
Kalimantan Pontianak Area 11 acts of proliferation financing of weapons of mass
Banjarmasin Area 13 destruction.
Balikpapan Area 9
The following is the authority of branch officers in
Makassar Palu Area 6
accessing the BISA application as a tool to assist the
Makassar Area 13 implementation of the AML CTF & CPFWMD program:
Manado Area 7 a. Individual and Non-Individual Customer
Onboarding Menu
The sampling test validation process by KP AMG ended b. Alert Monitoring Menu
with a socialization agenda accompanied by case studies c. Link Analysis Menu
and sharing discussions with employees in the region in d. Expired Document Identification Menu
a hybrid manner, namely offline and online. e. Rejection/Termination of Business Relations Menu
a. Internal control is also carried out by Internal f. Safe Deposit Box menu
Audit as the third line of defense to ensure the g. Customer Details Menu
effectiveness of the implementation of the AML
CTF & CPFWMD programs, all DMTL and internal
audit concerns have been followed up.
b. Internal control is also carried out by external
regulators, namely the OJK Sharia Banking
Supervisor and the OJK-PPATK Join Audit,
which examines the implementation of the AML
CTF & CPFWMD programs at BSI with several
recommendations submitted regarding the
implementation of the 5 Pillars of AML CTF &
CPFWMD.
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In 2023, system development has been initiated in Human Resources and Training
collaboration with related groups for the implementation The efforts made by the AML CTF Group (AMG) are
of AML CTF at BSI, including: to lay the foundation for understanding AML CTF for
a. Development of the AML CTF Risk Rating & all BSI employees. This initiative is carried out, among
Screening function of the BSI Laku Pandai Smart other things, through:
Agent application in the Basic Savings Account a. Strengthening AML CTF for Senior Management
(BSA) account opening process. BSI collaborated with the Financial Transaction
b. Initiation of BSI AML CTF implementation Reports and Analysis Center (PPATK) to conduct
monitoring application development study. a sharing session with the theme “The Active
c. Development of Risk Rating & Screening integration Supervisory Role of the Board of Commissioners and
in Hasanah card applications. Board of Directors in Supporting the Effectiveness
d. Development of Risk Rating & Screening integration of Implementation of the Anti-Money Laundering
in the digital CS on boarding process. and Counter-Terrorism Financing Program” on April
e. Development of on boarding integration in the 13, 2023. This activity was attended by the Board
online Customer Fund Account (RDN) process. of Directors , Board of Commissioner, SEVP and all
f. Addition of Fields and Screening of Beneficial Group Heads with a total of 133 participants and
Owners (BO) & Non-Individual Customer Managers the resource person was the Head of PPATK.
g. Development of Screening integration in the b. Internal Socialization
mitra guna consumer financing process with Bank Socialization related to the implementation of AML
Mandiri. CTF & CPFWMD was carried out to groups at the
h. Ongoing customer profiling for existing customers Head Office and Regions. The implementation of
Re screening & Re risk rating. socialization in 2023 is as follows:
i. AML Region assurance review for sampling teast
and outlet validation.
j. Development of AMG Regulatory Reporting.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 469
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Performance Management Report Company Profile Management Discussion and Analysis
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POLICIES ON ANTI-MONEY LAUNDERING (AML), COUNTER-TERRORISM FINANCING (CTF),
AND COUNTER-PROLIFERATION FINANCING OF WEAPONS OF MASS DESTRUCTION (CPFWMD)
Number of
No. Agenda Name Total
Participants
1 AML CTF & CPFWMD Implementation 2 Group 88
2 Refreshment of Implementation of AML CTF & CPFWMD Region 45 Area 3,269
I to X
3 AML CTF RO Makassar Learning Hub 86 Outlet 218
4 AML CTF Palembang Learning Hub 107 Outlet 459
5 AML CTF RO Bandung Learning Hub 83 Outlet 175
6 AML CTF & CPFWMD Webinar Series 1: “Best Practice CDD & KP and Region Employee 3,205
EDD in the implementation of AML CTF and Counter PFWMD”
7 AML CTF & CPFWMD Webinar Series 2: “AML CTF in the Political KP and Region Employee 4,858
Year Preventive “
8 AML CTF & CPFWMD Webinar Series 3: “Counter-Proliferation KP and Region Employee 3,693
Financing of Weapons of Mass Destruction (CPFWMD)”
9 AML CTF & CPFWMD Webinar Series 4: “Stages of Money KP and Region Employee 2,623
Laundering and Reporting Obligations”
10 AML CTF & CPFWMD Training for Bibit Employees Bibit RO Jakarta 1 and Jakarta 2 178
employees
c. Training For Trainer (TFT)
In order to increase employee competency and information dissemination, as well as policies related to the
implementation of AML CTF & CPFWMD which affect health levels throughout the BSI network, TFT training
is carried out. This training is intended for employees in the region and head office who are prepared to become
trainers and pass on material related to AML CTF & CPFWMD to other employees.
The implementation of Training for Trainers (TFT) in 2023 is as follows:
Number of
No. Agenda Name Participants
Participants
1 Soft Skill Training for Trainer AML Officer AML Officer and AMG 24
Officer
2 Training for Trainer Banking Operation Academy and APU PPT 2023 – 1. AOSM 139
batch 2 2. BOSM
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Strengthening the Implementation of the AML CTF &
CPFWMD Programs through Awareness
In order to strengthen the implementation of the AML CTF programs,
awareness is also carried out in the form of video and comic communication
media which can be accessed through BSI internal applications and
correspondence. The awareness theme for Anti Money Laundering and
Counter-Terrorism Financing (AML/CTF) that has been created is as follows:
a. Follow-up on AML CTF Sampling Test Results by Regional AMLO in
2022.
b. Strengthening the AML CTF Programs in Identifying Beneficial Owners
(BO) of Political Parties
c. Enhanced Due Diligence (EDD) for High Risk Customers.
d. Implementation of Single CIF.
e. Submission of Publication Updates on the List of Risky Countries and
Other Jurisdictions Monitored by the FATF.
f. Strengthening the AML CTF Programs in Identifying Campaign Fund
Modus Operandi during the Election Period.
g. Opening a Special Campaign Fund Account for the General Election.
h. Fill in foreign citizen (WNA) customer data when opening an account.
i. Strengthening the AML CTF Programs in the context of Monitoring
Special Campaign Fund Accounts (RKDK).
j. Application of Risk Profile in the Implementation of Business Relations
with Customers.
k. Mitigating Money Laundering Risks related to the Real Estate Industry.
l. Prevention of Ransomware Transactions through the Implementation of
Risk-Based AML CTF and CPFWMD Programs.
m. Efforts to Prevent the Crime of Human Trafficking (TPPO).
n. Rejection/Closure of Business Relations and Rejection of Transactions.
o. Re-submission of AML CTF Awareness regarding the Obligation to
Identify Beneficial Owners/ BO of Individual and Non-Individual
Customers.
p. Re-submission of AML CTF Awareness regarding the Obligation to
Monitor BISA Application Alerts by Branches.
q. Strengthening the AML CTFT and CPFWMD Programs in identifying,
verifying and administering documents related to gold-based financing
products.
r. 2023 IRA TPPU and TPPT Assessment Results.
s. Obligation to Reject Prospective Customers and Immediate Blocking of
Customers Related to DTTOT (List of Suspected Terrorists and Terrorist
Organizations) & DPPSPM (List of Proliferation Financing of Weapons
of Mass Destruction).
t. AML CFT awareness - Registration of Customers and Other Parties into
Wacthlist Management System BISA Application
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 471
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
POLICIES ON ANTI-MONEY LAUNDERING (AML), COUNTER-TERRORISM FINANCING (CTF),
AND COUNTER-PROLIFERATION FINANCING OF WEAPONS OF MASS DESTRUCTION (CPFWMD)
BSI Financial Integrity Rating (FIR) Realization of AML CTF and CPFWMD
assessment by PPATK Reporting and Fulfillment of Data Requests
The Financial Integrity Rating (FIR) value shows the Realization of AML CTF and & CPFWMD reports to
level of commitment, implementation, and compliance PPATK and Fulfillment of Data/Information Requests
of the reporting party with Indonesia’s Anti-Money from Regulators/Law Enforcement Officials in 2023:
Laundering and Counter-Terrorism Financing (AML a. The realization of reporting to PPATK in 2023 in
CTF) regime. This right is regulated in Law Number 8 of accordance with the applicable provisions is as
2010 (TPPU Law) and Law No. 9 of 2013 (TPPT Law). follows: position on December 31, 2023
PPATK measures the value of FIRs based on 3 (three)
Type of Report Number of
dimensions: the commitment of the reporting party; Report
implementation of AML CTF governance; and the level
of compliance of the reporting party with the AML CTF LTKT / CTR: 1. Withdraw: 27.940 62,074
2. Deposit: 34.134
reporting obligations to PPATK.
LTKM / STR 1,051
BSI’s FIR assessment in 2023 is 9.28 in the “Very LTKL / IFTI Incoming 18,753
Good” category. This result is above the FIR value for LTKL / IFTI Outgoing 21,695
Commercial Bank Financial Services Providers (PJK) of LTKL / IFTI Non SWIFT Remittance 1,383,200
8.37 and above the FIR value for Bank Groups based on
Sipesat 1,995,112
Core Capital (KBMI) 3, namely 8.77.
Postponement of Transaction 394
Determination of Indonesia in the Financial Temporary suspension of transaction 147
Action Task Force (FATF) Membership
In order for Indonesia to become a member of the b. Fulfillment of data/information requests from
Financial Action Task Force (FATF), an assessment was regulators/law enforcement officials in 2023:
carried out regarding the implementation of AML CTF 31,220 letters.
in the financial services sector. From the banking side, c. Specifically for Suspicious Financial Transaction
PT Bank Syariah Indonesia, Tbk is one of the sampling Reports (LTKM) for the period January 2023 to
banks for assessment by the FATF. December 31, 2023, the number reached 1,051
LTKM/STR, which were dominated by 5 (five)
On October 27, 2023, the FATF presented the results indications of predicate crimes (TPA): Gambling
of the Plenary Meeting regarding discussions on TPA of 38.82%, Narcotics TPA of 18 .65%, Fraud
Indonesia’s membership, and it was decided that TPA of 18.36%, Corruption TPA of 8.66%, and
Indonesia had been accepted as the 40th full member Embezzlement TPA of 5.80%.
of the FATF. With full FATF member status, Indonesia
can contribute to influencing global strategic policies
related to AML CTF & CPFWMD in accordance with
state perspectives and interests.
472 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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ISO 37301:2021 Certification – Compliance
Management System Surveillance
• SNI ISO 37301:2021 Certification for Compliance Surabaya, 29 Desember 2023
Management System is a series of processes to Nomor : SERT-284/XII/2023
ensure that the organization operates in accordance Lampiran
Perihal
:-
: Surat Pemberitahuan Pelaksanaan Audit Surveillance
with all applicable laws and codes of ethics. In 2022, Kepada Yth.
BSI received this certification for the scope of AML Ibu Tribuana Tunggadewi
Directur Compliance & Human Capital / Manajemen Puncak
PT. Bank Syariah Indonesia, Tbk
CTF implementation at BSI. di tempat
• 2023 is the first year of implementation of Dengan hormat,
Sehubungan dengan Surat Keputusan Audit Pengawasan no. SERT-246.4/XI/2023
surveillance toward ISO 37301:2021, with the tanggal 13 November 2023 berikut kami informasikan bahwa :
stages of surveillance implementation as follows: 1. Audit Pengawasan/Surveillance Tahun I SNI ISO 37301:2021 Sistem Manajemen
Kepatuhan untuk PT. Bank Syariah Indonesia Tbk. telah dilaksanakan pada tanggal
a. Approval of the Director of Compliance 06-07 November 2023 dengan lingkup sertifikasi yaitu Anti-Money Laundering / Anti
Pencucian Uang dan Pencegahan Pendanaan Teroris GROUP (AMG).
& Human Capital regarding the proposed 2. Berdasarkan kesimpulan keputusan audit surveillance menyatakan bahwa status
sertifikasi DAPAT DILANJUTKAN sampai pelaksanaan audit pengawasan/surveillance
implementation of ISO 37301 surveillance. berikutnya.
b. Appointment of ISO 37301 surveillance team. Demikian pemberitahuan kami, atas perhatian dan kerjasamanya diucapkan terima kasih.
c. Collection of ISO surveillance documents. Hormat kami,
PT Chesna
d. Working Paper Discussion.
e. Documentation review and evaluation. Siti Enggar Paramudita
Manager Sertifikasi
f. Presentation of Review and Evaluation Results
from Document Collection.
g. ISO 37301 Internal Audit surveillance training.
h. The implementation of ISO 37301 Internal
Audit.
i. Exit Internal Audit
j. Top Management Review to the Steering
Board.
k. External Audit by Chesna.
• Following the offline external audit process on
November 6-7, 2023, by the Certification Institute
(PT Chesna), PT Bank Syariah Indonesia Tbk is
being recommended that the ISO 37301:2021
Compliance Management Certificate be
maintained.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 473
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Performance Management Report Company Profile Management Discussion and Analysis
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Function
Compliance
Bank Syariah Indonesia is committed to complying Directors in Charge of Compliance Function
with Bank Indonesia, the Financial Services BSI has appointed a Compliance Director who
Authority, and other laws and regulations, which is a oversees compliance in accordance with POJK No.46/
responsibility shared by the Board of Commissioners, POJK.03/2017 concerning the Implementation of
Board of Directors, and all employees within the Commercial Bank Compliance Functions. Currently, the
Bank’s organization. Therefore, failure to implement Director of Compliance is Tribuana Tunggadewi.
compliance can lead to compliance, reputation, and
other risks. This creates new challenges and risk The Compliance Director has passed the Fit and
exposure, necessitating a variety of efforts to mitigate Proper Test conducted by OJK. This is evidence that
them. independence has been fulfilled. The Compliance
Director has fulfilled the independence requirements
The Compliance Work Unit’s efforts are ex-ante in and other criteria as determined by Bank Indonesia and
nature and are critical to reducing or minimizing the the Financial Services Authority.
potential risks associated with bank business activities
that are expected to occur. To implement the compliance The Compliance Director does not supervise operational
function, the company established a Compliance Work work units or business services. The compliance team
Unit that is independent of operational work units. must be independent of business, operational, and
other supporting functions. Compliance staff must be
The Bank’s compliance function consists of a series of free of influence or pressure from other work units,
strategies used to ensure that its policies, provisions, have no conflicts of interest, and act objectively and
systems, and procedures, as well as business activities, professionally.
are in accordance with Bank Indonesia regulations
and applicable laws and regulations. Bank Syariah INDEPENDENCE OF THE COMPLIANCE
Indonesia’s compliance function is implemented based WORK UNIT
on POJK No.46/POJK.03/2017, dated 12 July 2017, There are no financial, management, share ownership,
concerning implementation of commercial banks’ or family relationships between the Compliance
compliance functions. Director and members of the Board of Commissioners,
the Sharia Supervisory Board, or members of the Board
LEGAL BASIS of Directors and Controlling Shareholders, allowing
POJK No.46/POJK.03/2017 concerning the the Compliance Director to carry out his duties and
Implementation of Commercial Bank Compliance responsibilities independently.
Functions
DUTIES AND RESPONSIBILITIES
COMPLIANCE FUNCTION 1. Make steps to support the creation of a culture of
ORGANIZATIONAL STRUCTURE compliance in all Bank business activities at every
BSI has formed a Compliance Work Unit in accordance level of the organization;
with POJK No.46/POJK.03/2017 concerning the 2. Identify, measure, monitor and control compliance
Implementation of Commercial Bank Compliance risks by referring to the provisions of the
Functions. The Compliance Work unit is led by the Financial Services Authority, which regulate the
Compliance Group Head who is responsible for the implementation of risk management for commercial
Compliance Director. Until December 31, 2023, the banks and the provisions of the Financial Services
number of BSI Compliance Work Unit personnel was 40 Authority, which regulate the implementation of
, including the Compliance Group Head. risk management for sharia commercial banks and
sharia business units;
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3. Assess and evaluate the effectiveness, adequacy 4. Compliance Monitoring
and conformity of the Bank’s policies, provisions, a. Updating the reminder system for reporting
systems and procedures with the provisions of laws obligations to third parties and third-party
and regulations; reporting PIC, as well as strengthening and
4. Review and/or recommend update and improvement enhancing the Compliance Information System
of policies, provisions, systems and procedures (SIK).
owned by the Bank, ensuring compliance with the b. The Compliance Unit monitors prudential
provisions of the Financial Services Authority and banking ratios, including NPF, BMPD, GWM,
statutory regulations, including Sharia Principles PDN, and KPMM.
for sharia commercial banks and sharia business c. Ensuring BSI’s full compliance with findings
units; from OJK, BPK, External Auditors, and other
5. Make efforts to ensure that the Bank’s policies, regulatory authorities.
provisions, systems and procedures, as well as 5. Good Corporate Governance (GCG)
business activities are in accordance with the a. Fulfill the provisions/policies and procedures
provisions of the Financial Services Authority and that must be owned by the Bank in accordance
statutory provisions; with applicable regulations.
6. Perform other tasks related to the compliance b. Fulfillment of Governance Structure and
function. GCG policy in accordance with applicable
regulations including PBI No. 11/33/PBI/2009
IMPLEMENTATION OF DUTIES IN 2023 regarding the Implementation of GCG in BUS
Throughout the 2023 financial year, the Compliance and UUS, POJK 16 of 2022 concerning Islamic
Function has carried out tasks with the following Commercial Banks and POJK No. 17 of 2023
description: concerning the Implementation of Commercial
1. Socialization and Follow-up of New Regulations Bank Governance .
a. Socializing regulations using media such as c. GCG Self Assessment and GCG Implementation
memos and emails If there are new external Reporting in accordance with PBI No. 11/33/
regulations, the regulations will be announced PBI/2009, POJK No. 8/POJK.03/2014 and
and socialized to all related work units. SEOJK No.10/SEOJK.03/2014 concerning
b. Analyzing and summarizing new regulations Health Level Assessment of Islamic Commercial
issued by Regulators (e.g., BI, OJK, OJK-Capital Banks and Islamic Business Units.
Markets, LPS, or other external regulations d. Implementation of Governance, Risk, and
related to Banking) and presenting them to the Compliance at BSI.
Board of Commissioners, Board of Directors, 6. Sharia Compliance
SEVP, and relevant Group Heads. a. Ensuring all Bank products and services, as
c. Conducting online/virtual regulatory well as Operational Guidelines for products
socialization to related work units if there are and services, comply with the National Sharia
new regulations/provisions. Board (DSN) Fatwas and Sharia Supervisory
d. Providing compliance opinions on each Board (DPS) Opinions.
compliance advisory request/Working Group b. Assisting in the development of new products
Policy & Procedure (WPP) compliance opinion. and activities.
2. New Bank Products and Activities c. Providing assistance for large-scale financing
Providing guidance/clinics on New Bank Products decisions.
and Activities (PAB) to relevant Work Units d. Ensuring that proposed policy submissions
included in the RBB criteria. and Board of Directors’ decisions comply with
3. Compliance Testing applicable Sharia principles.
Analyzing and evaluating the effectiveness, e. Ensuring the implementation of Sharia
adequacy, and compliance of policies and decisions principles in the ex-post stage (collaboration
related to financing and non-financing by the with SKAI).
Board of Directors, as well as providing compliance
reviews, opinions, and responses to ongoing policies
and contracts to ensure compliance with prevailing
Sharia principles and regulations.
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FUNCTION
COMPLIANCE
f. Conducting random sampling inspections 8. Implementation of ISO 37301:2021 Compliance
at branch offices to ensure compliance with Management System aimed at creating more
Sharia principles. effective compliance management based on
7. Implementing Compliance Assurance for Bank international standards. This certification is
Operational Activities. implemented within the scope of the Anti-Money
Compliance assurance is carried out in an effort to Laundering Anti-Terrorism Financing Group (AMG)
maintain that decisions made by management are in processes.
accordance with applicable regulations.
a. Financing GRATIFICATION CONTROL
(1) Reviewing financing compliance, In order to conduct daily business activities, the Bank
conducting technical meetings, and must maintain positive cooperative relationships
providing compliance opinions on financing with customers, vendors, partners, work partners,
compliance at Director-Level Financing and all stakeholders. This cooperation is founded
Committee Meetings. on ethics, mutual trust, and accountability.
(2) Re-evaluating compliance with large
borrower financing to ensure compliance Cooperation is primarily based on ethics, which includes
with disbursement processes and efforts to control gratification. BSI believes that
customer agreements with the Bank. controlling gratifications is an important activity for
b. Bank Office Network keeping business processes running in accordance with
(1) Ensuring operational preparations for business ethics that uphold the value of integrity.
office opening, location address transfers,
and bank office status upgrades meet As part of its commitment to controlling gratification,
requirements through the issuance of a BSI established a Gratification Control Unit (UPG) called
compliance checklist set by regulators. “Anti Bribery” and includes provisions for gratification
(2) Monitoring RBB compliance related to control, namely Operational Technical Instructions
office network development realization. (PTO) for Gratification Control. Anti Bribery has a work
c. Cost Control program that aims to increase understanding of anti-
(1) Ensuring procurement compliance gratification, outline the reporting process, aspects of
through reviews and opinions on the prevention and action, and introduce the Gratification
implementation of procurement plans. Control System.
(2) Ensuring other bank operational expenses
that can enhance efficient cost control. Thus, daily business activities with customers, vendors,
(3) Conducting compliance reviews for cost partners, and all stakeholders continue to run smoothly
control through sampling test. and ethically. However, this relationship is not in conflict
d. Other Operational Activities with any internal or statutory provisions.
(1) Conducting compliance testing for
operational activity processes. In order to assist the government in preventing
(2) Providing compliance opinions on and eradicating corruption, the Bank is guided by
activities/operational activities requiring Presidential Instruction Number 10 of 2016 concerning
input from SKK. Actions to Prevent and Eradicate Corruption, Internal
These activities are aimed at ensuring Provisions, and OJK Letter No. S-11/PB.3/2021 dated
that all business and operational activities March 16, 2021 concerning the Implementation of the
of the bank comply with prevailing legal Indonesian National Standard (ISO) 37001 Anti-Bribery
regulations and all commitments to third Management System in Banks. The policy requires
parties are fulfilled. efforts to prevent and eradicate corruption. One of
them is launching anti-corruption certification efforts
with the implementation of the ISO 37001:2016 Anti-
Bribery Management System.
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Review Responsibility
In this Presidential Instruction, the National 3. Report any receipt of gratifications related to his or
Standardization Body (BSN) was designated as the her position that are contrary to his obligations or
responsible party. BSN also collaborates with the duties to the Anti-Bribery Unit.
Ministry of National Development Planning/Bappenas,
the Ministry of PAN and RB, the Corruption Eradication The duties and responsibilities of the Anti Bribery Unit
Commission (KPK), and the Central Statistics Agency are:
(BPS) to complete the ISO 37001 International 1. Develop and/or evaluate provisions related to
Standard on Anti-Bribery Management Systems for the gratification control.
Private and Government Sectors in support of SOE and 2. Receive a gratification report including complete
private Governance. documents from the reporter.
3. Review the gratification report to determine
In 2021, BSI received ISO 37001:2016 certification for the category of gratification that falls under
Anti-Bribery Management Systems, and the Bank has the authority of Bank Syariah Indonesia and if
also developed an Anti-Bribery Management System necessary, UPG can ask the relevant parties for
Policy. The implementation of gratification control information regarding the gratification report.
requires employees at all levels to be able to do the 4. Coordinate with external and internal parties.
following: 5. Prepare and compile quarterly reports on the
1. Build Good Corporate Governance values and implementation of gratification control to the
install the value of integrity. Director in charge of the Compliance Function.
2. Does not accept and/or give gratifications related 6. Storing gratification items.
to his or her position that are contrary to his or her
obligations or duties.
Granting Funds
for Social and/or Political Activities
Descriptions related to corporate social responsibility are presented in the Corporate Social and Environmental
Responsibility section which is an integral part of this Annual Report.
Meanwhile, regarding provision of funds for political activities, in 2023, Bank Syariah Indonesia has never provided
funds for political activities or to political parties.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 477
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Legal
Cases
Throughout 2023, Bank Syariah Indonesia faced a number of important cases, both in the form of civil, criminal and
industrial relations. Some of them are still in the process of being resolved and the rest have been declared inkracht
or have permanent legal force.
A recapitulation of the important cases faced is outlined in the table below. Here are the details:
Total
No. Legal Cases
Civil Criminal Industrial Relations
1 Legal Cases/ Issues that are still in the process of being resolved 263 11 1
2 Legal Cases/ Issues that have been completed and/or inkracht 148 6 1
Total 411 17 2
Grand Total 430
Information related to cases in court with the value of material claims or verdicts ≥ Rp 10 billion and sanctions received
including and their impact on the Bank’s business continuity:
Principal Case/Claim and Impact on the
No. Settlement Status Management Efforts Sanctions
Parties Company
1 Lawsuit case no. 647/ The District Court stated Risk of BSI has submitted Paying
Pdt.G/2018/PN.Jkt.Sel between that the Plaintiff’s claim compensation a Counter Appeal compensation
Othniel Wirata Purbowo as could not be accepted. but not Memorandum to the
Plaintiff with BSI as Defendant Against this decision, the material Appeal Memorandum
and OJK as Co-Defendant Plaintiff filed an appeal to BSI’s submitted by the
regarding the handing over of a and is still in the process of business Plaintiff. Until now,
check worth Rp 10 billion to Mrs. being examined at PT DKI the investigation
Oktavianti Budhi Nugroho who Jakarta. process is still
serves as head of the BSI KCP ongoing at the High
Sultan Iskandar Muda branch, but Until now there has been Court level.
the customer has not received no decision from the High
proof of deposit bilyets for the Court regarding the appeal
placement of the data. request
Claim Value:
• Material in the amount of
Rp13,916,000,000
• Immaterial in the amount of
Rp10,000,000,000
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Principal Case/Claim and Impact on the
No. Settlement Status Management Efforts Sanctions
Parties Company
2 Lawsuit case no. 360/ stated that it had no Risk of BSI did not submit Paying
Pdt.G/2021/PN.Jkt.Pst between authority to hear and compensation a counter appeal compensation
Firhat Esfandiari as Plaintiff and examine the case. Against but not memorandum
BSI as Defendant II regarding the this decision, the Plaintiff material because the Plaintiff
auction that will be carried out by filed an appeal and is still to BSI’s did not submit an
BSI for collateral belonging to the in the process of being business appeal memorandum.
customer and PT Mitra Kosasih. examined at PT DKI Until now, the
Jakarta. investigation process
Claim Value: is still ongoing at the
• Material in the amount of Until now, there has been High Court level
Rp31,645,822,960 no decision from the High
• Immaterial in the amount of Court regarding the appeal
Rp100,000,000,000 request.
3 Lawsuit case no. 519/ Still in process at the Risk of -
Pdt.G/2023/PN.Bdg between District Court compensation
Sukmawati as Plaintiff and BSI but not
as Defendant II related to the material
resistance to the court’s fiat to BSI’s
execution attempt submitted by business
BSI.
Claim Value:
• Material in the amount of
Rp350,000,000,000
• Immaterial in the amount of
Rp500,000,000,000
In addition to the legal cases above, BSI is also facing industrial relations cases, the details of which are outlined in the
table below.
Principal Case/Claim and
Impact on the
No. Parties Settlement Status Management Efforts Sanctions
Company
1 Industrial Relations Case No. PHI at the Medan District Risk of Against this decision, Paying
236/Pdt.Sus-PHI/2022/PN.Mdn Court stated that it compensation the Plaintiff filed a compensation
between Hj. Zuraida Hanum (ex rejected the Plaintiff’s but not cassation legal action.
BSI employee / formerly BSM) lawsuit in its entirety. material
as Plaintiff against the Head of Against this decision, the to BSI’s Until now, the
the Medan Main Branch Office Plaintiff filed a cassation business investigation process
of PT BSI as Defendant I and the legal action. is still being carried
Director of PT BSI as Defendant Until now there has been out at the Supreme
II. no decision from the Court of the Republic
Supreme Court regarding of Indonesia
Claim value: the cassation request
• Material in the amount of
Rp47,464,379
• Immaterial in the amount of
Rp50,000,000
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Administrative Sanctions
by the Relevant Authorities
The description of the administrative sanctions from the authorities that BSI experienced in 2023 is part of the
information disclosure carried out by the Bank. The details are presented in the table below.
Reporting Violations
1 Type of Violation Imposition of Sanction on the Results of Onsite Monitoring and Supervision of the Monthly
Financial Information Group (KI) of Integrated Commercial Bank Reports (LBUT)
Authority Bank Indonesia
Imposition Date September 29, 2023
Nominal Rp500,000,000
Related Work Unit -
Description Results of Onsite Monitoring and Supervision of the Monthly Financial Information Group (KI)
of Integrated Commercial Bank Report (LBUT) on BSI held between March 29, 2023 to April 17,
2023. The following are several things that need to be considered:
1. Incompatibility of logic, rules and mapping in the LBUT Reporting System
2. Input errors, and
3. There is a need to improve the mechanism for the LBUT Reporting method
vide Bank Indonesia Letter Number 25/4/DPKL/Srt/Rhs, October 2, 2023.
Type of Sanction: Delay in Reporting
1 Type of Violation Delay in LBUT Report Correction
Authority Bank Indonesia
Imposition Date January 10, 2023
Nominal Rp18,100,000
Related Work Unit CFA
Description Late Submission of Periodic Monthly LBUT Report Corrections:
1. Data for the period January 31, 2022, and February 28, 2022 (Payment System Information
Group) for a total of 160 (one hundred and sixty) Items. Total Fine of Rp 10 Million
2. Data for the period March 31 2022 (Payment System Information Group) for a total of 81
(eighty one) items. Total Fine of Rp 8.1 Million
vide Bank Indonesia Letter Number 25/01/DPKL-GPLB-PLBG/Srt/Rhs, January 10, 2023
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2 Type of Violation Delay in Reporting Securities Transaction
Authority OJK
Imposition Date August 11, 2023
Nominal Rp90,000
Related Work Unit TGM
Description Delay in Reporting Securities Transactions for the period March 2023
1. On March 21 2023, DJPPR Ministry of Finance held an Auction of Government Sharia
Securities (SBSN), BSI as primary dealer providing facilities for corporations to entrust the
auction to BSI
2. Auction results were submitted by fixed income traders at 13.45 WIB, winner details at
14.47-14.14 WIB, then treasury marketing inputs transactions on the blotter, create trade
confirmations and inputs transactions into the OPIC system, finishes at 17.05 WIB
3. All transaction activities are known to all Related Units that are members of the WAG
4. For this transaction, BSI is required to report to BI Antasena
5. On March 24, 2023, at 08.30 WIB, the CTP-PLTE reporting reminder was carried out and
received a response from Business Support, however there was a delay in inputting the report
due to the reporting PIC being on leave and lack of coordination between units.
vide OJK Letter Number S-121/PM.12 /2023, August 11, 2023
Other Sanctions
1 Nominal Written Warning
Related Work Unit CCG
Description Inconsistency in the Bank’s Response to Customer Complaints made via APPK (Consumer
Protection Portal Application) for the period 2021 to 2022 (i.e. there were 36 (thirty six) complaint
tickets in the attachment to the OJK Letter).
vide OJK Letter Number S-72/EP.121/2023, January 10, 2023.
2 Type of Violation Insufficient amount of Securities Collateral in the BSI Securities Account at BI
Authority Bank Indonesia
Imposition Date March 15, 2023
Nominal Rp60,042,354
Related Work Unit TGM
Description The Bank is unable to fulfill its obligations during PaSBI settlement (i.e. insufficient amount of
Securities collateral in the BSI Securities Account at BI) thereby causing the cancellation of the
PaSBI transaction.
vide BI Letter Number 25/138/DPM/Srt/B, March 15 2023
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ADMINISTRATIVE SANCTIONS
BY THE RELEVANT AUTHORITIES
Other Sanctions
3 Type of Violation Insufficient amount of Securities Collateral in the BSI Securities Account at BI
Authority Bank Indonesia
Imposition Date May 16, 2023
Nominal Rp67,013,800
Related Work Unit TGM
Description The Bank is unable to fulfill its obligations during PaSBI settlement (i.e. insufficient amount of
Securities collateral in the BSI Securities Account at BI) thereby causing the cancellation of the
PaSBI transaction.
vide BI Letter Number 25/183/DPM/Srt/B, May 16, 2023
4 Type of Violation Failure to submit Integrated Commercial Bank Report (LBUT)
Authority Bank Indonesia
Imposition Date May 26, 2023
Nominal Rp2,000,000
Related Work Unit TGM
Description The Bank did not submit LBUT reports for daily risk and capital report information groups
Vide BI Letter Number 25/75/DPLK-GPLB-PLBP/Srt/B, May 26, 2023.
5 Type of Violation Failure to submit Integrated Commercial Bank Report (LBUT)
Authority Bank Indonesia
Imposition Date July 7, 2023
Nominal Rp2,000,000
Related Work Unit CFA
Description The Bank did not submit daily financial group LBUT reports
1. The daily LBUT automation system that is normally used is damaged and
cannot be accessed, including access to Bank Indonesia
2. New reports can be sent to Bank Indonesia offline on May 9, 2023, past the
reporting deadline
vide Bank Indonesia Letter Number 25/124/DPLK-GPLB-PLBP/Srt/B, July 7, 2023
6 Type of Violation Failure to submit Integrated Commercial Bank Report (LBUT) report
Authority Bank Indonesia
Imposition Date October 25, 2023
Nominal Rp1,600,000,000
Related Work Unit -
Description Mistakes in reporting Financial Information Services System (SLIK) data for 23,307 debtors and
requests for debtor information without accompanied by underlying information for 31 (thirty
one) debtors.
vide OJK Letter No.S-36/PB.223/2023 daated October 25, 2023
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Investor
Relations
Bank Syariah Indonesia has established an Investor Expose, Investor Conference, Roadshow & Non-
Relations Group work unit tasked with: (i) managing Deal Roadshow or other communication activities
relationships with regulators, shareholders, and both local and international.
stakeholders in the Company; and (ii) providing accurate 4. Fulfill the obligation to provide accurate and valid
information about the Company. The information information to investors and other related parties in
provided relates to strategy, operational performance, order to grow the Company’s perception as a public
and financial performance, which is updated on a regular company that has a good reputation, is credible, and
basis and is available on the Bank’s website. It is hoped is attractive to investors.
that these two matters can be used as a reference 5. Analyzing market conditions and stock movements
to provide a complete picture of the Company’s which is submitted to Management in order to
performance, which will be useful for existing and provide updates regarding the latest company
prospective shareholders investing in the Company’s valuation.
shares, as well as stakeholders. 6. Maintain compliance with all capital market
regulations including but not limited to reporting
DUTIES AND RESPONSIBILITIES & fulfillment of data/information required by
The duties and responsibilities of Investor Relations investors, regulators and other stakeholders.
within the Bank’s organization include: 7. Increase literacy/understanding of capital markets
1. Maintain relationships with regulators, for all Company employees through sharing
shareholders and capital market entities, including sessions by inviting speakers who are experts in
fund managers, buy-side & sell-side analysts, stock their fields.
brokers, insurance companies, rating agencies and
other stakeholders in order to maintain trust while COMMUNICATION CHANNELS
increasing company value in capital market. The Company has provided a communication channel
2. Develop a communication and information for investors and capital market entities to connect with
strategy that produces positive awareness among Investor Relations with the following details:
shareholders in general regarding the company’s
financial position and prospects with the aim of Investor Relations Group
establishing close financial relations between the The Tower Bldg. Jl. Gatot Subroto No. 27
Company and its shareholders. Kel. Karet Kuningan
3. Proactively communicate the company’s strategy Kec. Setiabudi, South Jakarta
and performance to form a long-term valuation of the Jakarta 12930 Indonesia
Company’s shares through several communication Investor Relations Website: ir.bankbsi.co.id
activities such as Quarterly Earnings Call/Analyst E-mail: investor-relations@bankbsi.co.id
Meeting, one on one meetings, Annual Public
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INVESTOR
RELATIONS
ACTIVITY REALIZATION FOR THE FINANCIAL YEAR
Throughout 2023, a number of communication activities to the Company’s shareholders/stakeholders that have been
carried out by the Investor Relations Group include:
No Activity Type Total Description
1 Quarterly Earnings Call 4 Quarterly presentation of the Company's financial performance report
to institutional investors and research analysts.
2 Public Expose 1 As part of the fulfillment of the Company's obligation to provide
exposure to the Company's latest financial performance min. 1x in a year.
As in the previous year, this activity was carried out in collaboration with
the Indonesia Stock Exchange.
3 Institutional Investor Meeting & 193 The introduction of the Company and providing updates on the
Conference Company's performance and strategy is carried out through attending
Conferences/One on One meetings offline or online to existing investors
and potential investors domiciled in Indonesia and outside Indonesia.
4 Retail Investor Engagement 6 Introduction of the Company in the form of financial performance
updates to retail investors and education to BSI employees about the
stock market in collaboration with securities companies.
5 Annual Rating Review 2 Meeting with Credit Rating Agencies for company rating updates.
Access to Company
Information and Data
Bank Syariah Indonesia always provides stakeholders Transparency of information submitted by the Bank
with accurate information regarding current in the form of position, condition, performance,
developments within the bank. The information and financial prospects, which is available through
presented is the result of summary and internal annual reports, periodic financial statements, interim
processing, which is then converted into a report within reports, press releases, and other public disclosures.
a specified time frame in accordance with applicable Stakeholders can use all of this information to evaluate
information disclosure provisions. the Bank’s performance.
This is done to implement the principles of transparency All information is regularly updated and distributed
and compliance with applicable laws and regulations, to shareholders and capital market authorities via
such as capital market regulations governing information various communication channels. The submission of
disclosure. this periodic information is part of the Bank’s efforts to
foster effective and equitable communication with all
stakeholders.
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PRESS CONFERENCE
The following are press releases published by BSI throughout 2023.
No. Date Press Conference Title
1 January 2, 2023 Strengthening Sharia Financial Inclusion, BSI Serves Cardless Cash Withdrawals at Alfamart
2 January 2, 2023 Opening 2023, BSI Holds Istighosah Kubro
3 January 4, 2023 BSI Synergizes with POLRI to Issue Electronic KTA for POLRI Personnel throughout Indonesia
4 January 12, 2023 Appreciating Gold Pawn and Gold Installment Customers, BSI Gives Prizes for the Gold Rain
Program
5 January 13, 2023 Hajj Quota Increases, BSI Makes Payments Easier for Prospective Hajj Pilgrims
6 January 18, 2023 BSI Collaborates with UNPAK, Increasing Literacy in Higher Education
7 January 19, 2023 Encouraging the Islamic Ecosystem, the 2023 BSI Entrepreneurial Talent Program is expanded to
Islamic boarding schools
8 January 20, 2023 BSI Synergizes with TNI AL to Strengthen Sharia Financial Inclusion
9 January 25, 2023 BSI Encourages Economic Acceleration in Aceh with Investment Collaboration & Synergy
10 January 26, 2023 BSI Provides 600 Million Assistance for Flood Victims in 6 Aceh Regencies
11 January 27, 2023 BSI & Bank KB Bukopin Syariah Collaboration Serves Finance for Retirees
12 January 28, 2023 Increasing Literacy, ASBISINDO is Optimistic that the Sharia Banking Industry will grow by double
digits
13 February 1, 2023 Two Years of BSI, Profit Grows Impressively by 40.68% Reaching 4.26 Trillion
14 February 3, 2023 BSI Targets PBNU, Increases Literacy of Gold Products According to Sharia
15 February 7, 2023 Digitalizing Retail Business, BSI Launches Financing Feature via BSI Mobile
16 February 9, 2023 Growing in a balanced and sustainable manner, BSI opens a priority outlet in Bintaro
17 February 10, 2023 Supporting Food Security, President Jokowi Launches Digital Farmer Card and KUR BSI in Aceh
18 February 13, 2023 BSI hold the 2023 Global Islamic Finance Summit
19 February 15, 2023 BSI Holds Entrepreneurial Talent in Jakarta
20 February 15, 2023 BSI Increases Sharia Economic Literacy in the Ministry of Culture and Research and Technology
21 February 15, 2023 GIFS 2023, BSI's Strong Commitment to Encouraging the Progress of Sharia Economics in
Indonesia
22 February 16, 2023 BSI Holds Entrepreneurial Talent in Medan
23 February 16, 2023 BSI Encourages Optimization of Wholesale Financing, Deputy Minister of BUMN Sharia Banking
is Suitable for Infrastructure Financing
24 February 17, 2023 Low Fund Costs, Opportunities for BSI to Continue to Grow & Expand the Market amidst
Economic Challenges
25 February 17, 2023 BSI Holds Entrepreneurial Talent in Yogyakarta
26 February 17, 2023 BSI, BP Tapera and UIN throughout Indonesia Collaborate to Maximize KPR Distribution in
Indonesia
27 February 21, 2023 Amazing! BSI Soars to Become the 6th Largest Bank in Indonesia
28 February 22, 2023 BSI Collaborates with PUPR to Encourage National Strategic Projects
29 February 23, 2023 BSI holds a BSI Charity Concert with the theme Masterpiece Journey
30 February 26, 2023 To support the success of F1 Powerboat Lake Toba, BSI Provides Portable Prayer Room Assistance
31 March 1, 2023 Successfully Collaborating Concert & Charity, BSI Emphasizes the Steps of the Masterpiece
Journey
32 March 2, 2023 Holding Life With BSI in Medan, BSI Spurred Sharia KPR Distribution
33 March 3, 2023 INACRAFT 2023, BSI Facilitates MSMEs to Upgrade
34 March 3, 2023 BSI Holds Entrepreneurial Talent in Padang
35 March 7, 2023 Developing MSMEs, BSI Will Distribute KUR More Than IDR 1 Trillion in West Java in 2023
36 March 8, 2023 BSI Holds Entrepreneurial Talent in Makassar
37 March 8, 2023 At the beginning of the year, BSI Makassar Area Encourages the Acceleration of Consumer
Business
38 March 8, 2023 Encouraging the distribution of subsidized housing in 2023, BSI is present at Gema Tapera
39 March 10, 2023 Welcomimg Ramadhan, BSI Boosts Retail Financing
40 March 10, 2023 BSI Holds Entrepreneurial Talent in Palembang
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ACCESS TO COMPANY
INFORMATION AND DATA
No. Date Press Conference Title
41 March 12, 2023 BSI Holds Entrepreneurial Talent in Semarang
42 March 13, 2023 BSI Student Friends Maslahat Holds 2023 SNBT Akbaar Tryout at UI
43 March 14, 2023 BSI Maslahat and BSI Distribute Food Packages to Türkiye Earthquake Victims
44 March 18, 2023 BSI Inaugurates Mosque in Bakauheni, Strengthens Contribution to Economic Growth
45 March 21, 2023 Increasing Product & Service Penetration, BSI Collaborates with Lemhanas
46 March 27, 2023 Assessing the Prospects for BRIS Shares, Prepare to Be Bullish & Suitable for Long-Term
Collection
47 March 28, 2023 Strengthening Contribution to Society and the State, BSI Distributes More than 173 Billion in
Zakat
48 March 29, 2023 BSI and 3 Private Sharia Banks Collaborate to Strengthen Sharia Financial Inclusion
49 March 30, 2023 BSI Encourages Young People to be Financially Independent Through Easy and Attractive
Products
50 April 4, 2023 Facing Eid Homecoming, BSI Prepares Rp 37.6 Trillion in Cash
51 April 5, 2023 BSI Maslahat and BSI Distribute Iftar and Sahur Packages at 6 Jabodetabek Points
52 April 12, 2023 BSI, PP Muhamadiyah, BP Tapera and Perumnas Collaborate to Maximize Sharia KPR Distribution
53 April 13, 2023 BSI Wins 8 Awards at the 12th Infobank Digital Brand Recognition Event
54 April 14, 2023 Blessing Ramadhan & Nuzulul Quran, BSI Gives THR TO 2222 Orphans
55 April 14, 2023 During Ramadhan, BSI Maslahat Spreads the Kindness of Ramadhan 1444 H Total 10 Billion
56 April 15, 2023 BSI Encourages People to Pay Zakat, It's Even Easier With BSI Mobile
57 April 18, 2023 BSI Departs 619 Participants for Homecoming with SOE, Special for Disabilities
58 April 27, 2023 Financing grows by more than 20%, BSI's financial performance becomes increasingly solid
59 April 28, 2023 BSI Maslahat Distributes Zakat Fitrah and Eid 1444 H Packages for the Poor
60 May 3, 2023 During Ramadhan, BSI Maslahat Spreads the Kindness Total 7,9 Billion
61 May 9, 2023 Gradually, BSI Branch Office and ATM Services are Recovering
62 May 9, 2023 BSI Interbank ATM Service Recovers
63 May 10, 2023 BSI President Director: We apologize & are trying to restore services
64 May 11, 2023 BSI Branch, ATM & BSI Mobile Banking Services are Back to Normal
65 May 12, 2023 Payment of fees for 95% of Hajj candidates is safe, BSI picks up the ball to complete the remaining
payment today
66 May 13, 2023 IT Disruption Recovers, BSI Always Protects Customer Data & Funds, Strengthens Cyber S
ecurity
Systems
67 May 14, 2023 Operating on weekends, BSI accepts cash deposits of Rp 30 billion
68 May 15, 2023 BSI Appreciates BSI QRIS Users
69 May 16, 2023 BSI: Data and Funds are Safe, Customers Can Transact Safely
70 May 16, 2023 Handling Alleged Cyber A
ttacks, BSI and BSSN Strengthen Synergy
71 May 17, 2023 BSI Manages Pupuk Iskandar Muda's Digital Payment Acceptance, Encourages Strengthening
Qanun in Aceh
72 May 17, 2023 Legal Practitioner: Alleged BSI Hacking Violates Several Articles of the ITE Law
73 May 18, 2023 BSI: Alhamdulillah Hajj Cost Repayment Has Reached 100%
74 May 19, 2023 Service to customers on the way, Khidmat to the people also on the way
75 May 19, 2023 BSI Customer Trust Increases, BSI Daily TPF Transactions Continue to Grow
76 May 19, 2023 BSI Collaborates with Askrido Syariah to Strengthen Sharia Custodian Services
77 May 20, 2023 BSI Collaborates with Ministry of Religion to Hold Manasik Akbar, Participated by 165 Thousand
Prospective Indonesian Hajj Pilgrims
78 May 22, 2023 BSI AGMS Agrees to Strengthen Digital and Cultural Transformation
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No. Date Press Conference Title
79 May 24, 2023 BSI Encourages Home Financing to Grow 6.42% in Semester I/2023
80 May 25, 2023 Cheaper Pricing, Asbisindo Believes Sharia Banks Can Become Major Players in Indonesian
Banking
81 May 25, 2023 BSI Collaborates with 46 Thousand Mosques in the Islamic Ecosystem, TPF Reaches 1.2 Trillion
82 May 26, 2023 BSI and BSI Maslahat Inaugurate BSI Banten Village
83 May 27, 2023 Cashless transactions continue to increase, BSI thanks customers for their trust
84 May 29, 2023 BSI Maslahat Launches the Tahfidz House for Bina Santri Indonesia in Semarang
85 May 30, 2023 BSI, KONI and PSSI Synergize to Develop Indonesian Sports
86 May 30, 2023 Public Interested, BSI OTO Financing Grows 64%
87 May 31, 2023 It's easy to make Sacrificial to BSI Maslahat, digitally via BSI Mobile
88 June 1, 2023 Increasing Sharia Financial Inclusion in Central Java, BSI Holds Life With BSI Expo in Solo
89 June 1, 2023 Quarter 1/2023, BSI Distributes 58.1 Trillion Corporate Financing, Grows 17.3%
90 June 2, 2023 BSI Trusted by Ministry of Religion to Distribute Hajj Pilgrims Living Costs
91 June 4, 2023 Life With BSI Expo Solo, BSI Encourages KPR Sejahtera FLPP for Muhamadiyah Charity Business
92 June 6, 2023 Issued the First Sharia EBA in Indonesia, BSI Encourages Financial Market Deepening &
Strengthens Housing Financing
93 June 7, 2023 Welcoming Eid al-Adha 1444 H, BSI Gives Sacrificial Animals to Loyal Customers
94 June 7, 2023 Encouraging the Growth of Cheap Funds, BSI Manages Payroll for Ministry of Transportation
Employees
95 June 12, 2023 Appreciating Football Lovers, PSSI Together with BSI and Surabaya City Government Presents the
Indonesian and Palestinian National Teams in the Middle of Thousands of People
96 June 12, 2023 Growing Above the Sharia Banking Industry Average, BSI Motor Vehicle Financing Disbursement
Grows 68.7%
97 June 13, 2023 BSI Encourages Tourism Through Indonesian x Palestine Football
98 June 13, 2023 Encouraging Sharia Financial Inclusion, BSI Collaborates with Kemayoran Complex Management
Center
99 June 13, 2023 Impressive BSI Performance in East Java, Commitment to Strengthening MSME Financing
100 June 13, 2023 BSI Collaborates with Harvest City Developer to Encourage Housing Financing
101 June 14, 2023 BSI Strengthens the Islamic Ecosystem within the Ministry of Trade
102 June 16, 2023 BSI Collaborates with Brawijaya University, Encouraging Sharia Financial Literacy and Inclusion in
Higher Education
103 June 17, 2023 Supporting the Green Economy Movement, BSI Campaigns Zero Waste in Yogyakarta
104 June 18, 2023 BSI Collects More than 5000 Plastic Bottle Waste in Jogmar 2023
105 June 19, 2023 Initial Listing of EBAS-SP on the Stock Exchange, BSI: This is a New Breakthrough to Grow the
Sharia Economy
106 June 20, 2023 Encouraging Teacher Welfare, BSI Provides FLPP facilities for Housing Ownership
107 June 20, 2023 Strengthening the Halal Ecosystem, BSI Collaborates with 18 LAZNAS
108 June 22, 2023 Improving Financial Literacy, BSI Collaborates with Harbor Hospital
109 June 23, 2023 Assisted Villages, BSI Supports Parabanoa to Raise Beef Cattle Farming Potential
110 June 24, 2023 Recorded Good Performance in the Capital Market, BRIS Wins Award
111 June 26, 2023 Welcoming Eid al-Adha, BSI Holds a Customer Gathering for Priority Customers
112 June 27, 2023 Holidays & On Leave with Eid al-Adha, BSI continues to provide services in 609 branches
113 June 28, 2023 BSI Encourages an Inclusive Islamic Financial Ecosystem in the Campus Environment
114 June 29, 2023 BSI Distributes 7,112 Healthy & Safe Sacrificial Animals for Consumption Throughout Indonesia
115 July 7, 2023 BSI Records Increase in Forex Transactions During the 2023 Hajj Season
116 July 7, 2023 Cashless transactions grow double digits, BSI: Thank you for the trust of all customers
117 July 8, 2023 Campaigning for Sustainable Finance, BSI Launches the BSI Sustainable Movement
118 July 10, 2023 BSI Strengthens MSME Center, Encourages Success in the Global Market
119 July 12, 2023 BSI Increases Sharia Financial Literacy and Inclusion among Young People
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120 July 13, 2023 BSI Collaborates with Putri Ariani, Conducting #LEVELUP Supports Young People Campaign
121 July 14, 2023 BSI Gold Installment Business in Bali Grows 280%
122 July 18, 2023 Encouraging Sharia Financial Inclusion, BSI Collaborates with Class II Immigration Office TPI
Tanjung Uban Kepri
123 July 18, 2023 Collaborating with Pelindo Container Terminal, BSI Supports Digitalization of Services in the
Maritime Sector
124 July 19, 2023 BSI Collaborates with Garuda Indonesia to Present Added Value to Indonesian Hajj Services
125 July 20, 2023 BSI Optimizes Economic Potential & Financial Services in 18 Thousand Islamic Boarding Schools
126 July 20, 2023 Encouraging Religious Tourism, BSI Makes Mosques the Center for Community Activities
127 July 23, 2023 Increasing Sharia Financial Inclusion in Central Java, BSI Holds Fun Run Life With BSI
128 July 25, 2023 BSI Chooses Surabaya as a City for Entrepreneurial Talent Development
129 July 26, 2023 Becoming a Money Waqf Investment Partner in State Sukuk, BSI is Ready to Market the SWR 004
Series
130 July 27, 2023 Entrepreneurial Talent Workshop in Surabaya, BSI Prepares Students to Become Future
Muslimpreneurs
131 July 27, 2023 Commemorating National Children's Day, BSI Maslahat and BSI Support Dental Caries
Examination in Tebet
132 July 29, 2023 Supporting Young People to Make Their Dreams Come True, BSI and Putri Ariani Conducting
#LEVELUP YOUR DREAMS Campaign in the City of Solo
133 July 30, 2023 BSI Chooses Lokananta Solo, to Collaborate with Putri Ariani & Support Young Talents
134 August 2, 2023 BSI Encourages the Expansion of Corporate Financing in Aceh with Toyota Astra Finance Syariah
135 August 3, 2023 Entrepreneurial Talent Workshop in Palembang, BSI Ready to Create New Job Opportunities for
Young People
136 August 5, 2023 Leading Hajj and Umrah Services in Indonesia, BSI Launches the First Hajj and Umrah Concierge in
Indonesia
137 August 6, 2023 Commemorating the First Anniversary, BSI Maslahat Holds a Fun Walk in Jakarta
138 August 8, 2023 Collaborating with DJKN, BSI offers an attractive asset collection for the public
139 August 8, 2023 BSI is still reviewing plans related to UUS BTN
140 August 9, 2023 Boosting MSME Business, BSI Launches BSI Micro Business Financing
141 August 9, 2023 Encouraging Optimization of Services in Aceh, BSI Launches VISA & Mastercard ATMs
142 August 9, 2023 Entrepreneurial Talent Workshop in Makassar, BSI Ready to Create New Job Opportunities for
Young People
143 August 10, 2023 Collaborating with Gakeslab Indonesia, BSI Strengthens the Sharia Financial Ecosystem in
Indonesia in the Health Sector
144 August 10, 2023 Commemorating the 1st Anniversary, BSI Maslahat Makes 1111 Orphans Happy
145 August 11, 2023 BSI Continues to Strengthen Financial Literacy, Bringing Sharia Banking Closer to Students
146 August 14, 2023 BSI Together with SOE Service Volunteers Ready to Complete the Social Mission in Meunasah
Asan, East Aceh
147 August 15, 2023 BSI Mobile is increasingly in demand, until May transactions reached 140 million
148 August 15, 2023 BSI Maslahat and PKBM Madani Al Washiyyah Collaborate to Run Educational Scholarships for
Poor Students
149 August 16, 2023 BSI Collaborates with JMTO, Increases Sharia Financial Inclusion in the Country
150 August 16, 2023 BSI Synergizes with BWI and KUA, Accelerating the Potential of Bridal Cash Waqf in the Islamic
Financial Ecosystem
151 August 17, 2023 BSI & SOE Volunteers Encourage Quality of Education and the Economy of the Aceh Community
152 August 18, 2023 Encouraging people to own houses, BSI has distributed 57 thousand subsidized houses
153 August 20, 2023 BSI Collaborates with Putri Ariani, Invites the Community to be Physically & Financially Healthy at
the HI Roundabout Car Free Day
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154 August 21, 2023 BSI Maslahat and BSI Handover Operational Car Assistance to the Cendekia Amanah Islamic
Boarding School
155 August 22, 2023 Optimizing Donors' Muqayyad Zakat, BSI Maslahat Distributes Through the Garut Sheep Farming
Cluster Program in Bandung
156 August 25, 2023 Leading in the Sharia Banking Sector, BSI Wins Various Awards
157 August 27, 2023 BSI Collaborates with PERSIS to Increase Literacy and Inclusion in the Sharia Financial Ecosystem
158 August 28, 2023 Encouraging Vehicle Financing, BSI Targets 6 Big Cities in Indonesia
159 August 29, 2023 BSI Maslahat and BSI Share the Gift of Independence with the Indonesian Veteran Legion
160 August 29, 2023 BSI Strengthens Penetration of Savings Products, Encourages Growth of Low-Cost Funds
161 August 31, 2023 Innovation for the Country Brings BSI to Win an Award
162 August 31, 2023 Collaborating with FEB UI to Strengthen Sharia Financial Literacy, BSI Targets 20 Million
Customers
163 September 1, 2023 Building Village Economy in 10 Provinces, BSI Wins 2023 Indonesia Award Appreciation
164 September 1, 2023 Harpelnas 2023, BSI Provides Ultimate Service & Develops Digital Branch
165 September 6, 2023 Realizing Sustainable Growth, Sharia Banking Strengthens Integrated GRC Implementation
166 September 7, 2023 BSI Strengthens Growth & Development of the Hajj and Umrah Ecosystem Business
167 September 13, 2023 BSI & BPJS Synergy Improves the Quality of State Health Services
168 September 14, 2023 BSI and BUMN Social Service Program Support Rural Community Businesses in Yogyakarta
169 September 16, 2023 Bridging Customer Needs, BSI Opens Weekend Services During September
170 September 19, 2023 Financing Continues to Grow, BSI Profit Soars 32.41%
171 September 20, 2023 BSI Encourages Sharia Literacy at the 2023 Islamic Book Fair
172 September 20, 2023 BSI Strengthens Cheap Funds, BSI Savings Enters Top 5 Nationally
173 September 20, 2023 Leading Profit Growth in the Industry, BSI: Performance Results, Vision for Healthy & Sustainable
Growth
174 September 22, 2023 BSI Expands Synergies to Encourage Growth of the ZISWAF Ecosystem
175 September 22, 2023 Open Weekend Banking in 170 Branches, BSI Improves Cash Deposit Services
176 September 26, 2023 Commitment to Supporting the Green Economy, BSI Ranks 3rd in the Global Islamic Bank ESG
Rating
177 September 29, 2023 BSI Maslahat and BSI Launch the BSI Agricultural Cluster Village in Purwabakti Pamijahan Village,
Bogor
178 October 7, 2023 Welcoming Financial Inclusion Month 2023, BSI Opens Weekend Banking in 342 Branches
179 October 12, 2023 BSI Supports Entrepreneurship Ecosystem Development Through BSI Entrepreneurial Talent and
Aceh Muslimpreneur
180 October 13, 2023 BSI Maslahat and BSI Hold BSI Scholarship Scholarship Socialization
181 October 13, 2023 Supporting Food Security, BSI Distributes Syndicated Financing of Rp 900 Billion for the Pusri IIIB
factory project
182 October 16, 2023 Achieving The Indonesia Customer Experience of the year, BSI continues to innovate & strengthen
customer service
183 October 17, 2023 BSI & IFG Collaborate to Increase Sharia Financial Literacy and Inclusion
184 October 19, 2023 Increasing Sharia Literacy, BSI Invites Students to Make Sharia Banks a Choice in the World of
Work
185 October 20, 2023 BSI Encourages the Progress of the Fashion Industry in Indonesia Through JMFW 2024
186 October 20, 2023 BSI Maslahat and BSI Provide Clean Water Assistance for South Tangerang Residents
187 October 23, 2023 Providing the Best Service Through Digital Transformation, BSI Wins International Award
188 October 24, 2023 Continuing to Promote Sharia Financial Inclusion, BSI Synergizes with Semen Padang
189 October 25, 2023 Supporting a Carbon Emission Free Indonesia, BSI Focuses on 5 Main Sectors
190 October 25, 2023 Encouraging Sharia Capital Market Inclusion, BSI Launches 6 Sharia Mutual Fund Products
191 October 26, 2023 BSI Expands Hajj and Umrah Services, Targets 200 Thousand Mabrur Debit Cards
192 October 26, 2023 Facing the Challenges of the Digital Era, BSI Prescom: Sharia Finance Industry Needs
Consolidation
193 October 27, 2023 Supporting Sharia Financing Month, BSI Optimizes Synergy with 15 Financial Institutions
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194 October 28, 2023 BSI Mobile's Rain of Fortune, Increases Financial Inclusion in Sharia Transactions with Sports Car
Prizes
195 October 29, 2023 BSI Continues to Initiate Steps to Face New Risks in the Era of Digitalization
196 October 30, 2023 BSI Maslahat Raises Funds for Humanitarian Solidarity with Palestine
197 October 31, 2023 Sharia Banking Market Share Continues to Increase, BSI Profit Grows 31%
198 November 2, 2023 Indonesia Officially Enters the Financial Action Task Force (FATF), BSI Selected as the Sole
Representative for Sharia Banking
199 November 4, 2023 Providing Excellent Service, 462 BSI Branches Ready to Serve Customers on Weekends
Throughout November
200 November 4, 2023 Erick Thohir Strengthens Surabaya MSME Efforts, Reaches Global Market With MSME Financing
201 November 5, 2023 Strengthening the Islamic Economic Ecosystem, BSI Promotes Sharia Financial Inclusion
202 November 6, 2023 Strengthening Sharia Financial Inclusion in Central Sulawesi, BSI Opens KCP Palu RE Martadinata
203 November 8, 2023 Encouraging Young People to Own Homes, BSI Targets Sub-Urban Areas
204 November 9, 2023 BSI Tower, Carrying the Green Building Concept and Projected to Become a Financial Center in
Indonesia
205 November 13, 2023 BSI Maslahat Distributes Humanitarian Aid to Palestine
206 November 15, 2023 BSI Synergizes with Islamic Boarding Schools, Strengthening the Islamic Ecosystem and Sharia
Economic Development in Aceh
207 November 15, 2023 BSI's Topping Off Green Building in Aceh is Completed & Will Be Inaugurated in Early 2024
208 November 16, 2023 BSI Strengthens the ZISWAF Ecosystem in Aceh, Synergizes with Baitul Mal Aceh
209 November 16, 2023 BSI Supports PERSIRAJA to Promote to Division 1 of the Indonesian League Next Season
210 November 17, 2023 Collaborating with TNI Headquarters, BSI continues to encourage sharia financial inclusion in the
country
211 November 17, 2023 BSI is optimistic about positive growth in 2024, fundamental factors are the main driver
212 November 21, 2023 BSI Leads Sharia Banking Expansion in Indonesia Amid Global Growth
213 November 24, 2023 BSI Holds "Friday Blessings" for the Ummah, IPB Mosque is the First Location
214 November 25, 2023 Supporting Indonesia's Net Zero Emissions, BSI carries out a comprehensive green movement
215 November 27, 2023 Launching Waqf Deposits, BSI Explores the Potential of Cash Waqf in Indonesia
216 November 29, 2023 BSI Encourages Business Growth Amidst Economic Uncertainty
217 November 30, 2023 BSI Commemorates International Disability Day 2023 with 1000 Braille Al-Quran Trainers
218 November 30, 2023 BSI Optimizes Dubai Branch Office, Strengthens Strategic Partnership with the United Arab
Emirates
219 December 3, 2023 BSI Increases Green Financing in the Property Sector, Collaborates with 3,300 Developers
220 December 4, 2023 Collaborating with Alfamidi, BSI Customers Can Now Withdraw Cash Without an ATM Card Via
BSI Mobile
221 December 4, 2023 Commemorating International Disability Day, BSI Strengthens Inclusive Services Through
Disability-Friendly Branches
222 December 7, 2023 BSI Strengthens Payroll Business
223 December 8, 2023 BSI Synergizes to Expand Benefits Through the Inauguration of the New BSI Maslahat Office
223 December 8, 2023 BSI Synergizes to Expand Benefits Through the Inauguration of the New BSI Maslahat Office
224 December 9, 2023 BSI and Garuda Indonesia Collaborate on GUTF to Strengthen the Hajj and Umrah Ecosystem
225 December 12, 2023 Establishing Partnerships with 221 Thousand QRIS Merchants, BSI Encourages Payment
Digitalization Partnerships
226 December 13, 2023 BSI Promotes Sharia Wealth Management Ecosystem, Wins International Awards
227 December 13, 2023 BSI Becomes the First Sharia Bank to Provide Online RDN Services
228 December 14, 2023 Enlivening the Sharia Capital Market, BSI's Assets Under Custody Soared 75 Times
229 December 15, 2023 Commitment to Financial Inclusion, BSI Wins 3 Prestigious Awards from the Ministry of Finance
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230 December 15, 2023 BSI Encourages Community Empowerment and Banking Service Innovation in Labuan Bajo
231 December 18, 2023 Closing 2023, BSI Subordinated Mudharabah Sukuk Oversubscribed 1.75 Times
232 December 18, 2023 BSI Maslahat Holds Workshop on Increasing the Capacity of MSME Facilitators for Menteng KUA
Extension Workers
233 December 19, 2023 BSI Optimizes Branch Offices to Strengthen Services
234 December 20, 2023 Welcoming the year end holidays, BSI Prepares 12.2 Trillion in Cash
235 December 20, 2023 BSI Maslahat and BSI Hold Intensive Training for Young Indonesian Khotib Candidates Batch 2
236 December 20, 2023 BSI Affirms Commitment to Implementing GCG in Corporate Governance
237 December 22, 2023 BSI Maslahat Conducts Training for MSME LKMS Micro Waqf Bank Players in South Kalimantan
238 December 28, 2023 Accelerating Digitalization in Islamic Boarding Schools, BSI and PBNU Launch Digital Dictionary
239 December 28, 2023 Ensure Optimal Service, BSI Top Management Reviews End of Year and New Year Services at
Branches
240 December 29, 2023 Supporting Subsidized KPR Financing for MBR, BSI Distributes Financing for 4360 housing units
throughout 2023
241 December 31, 2023 Closing 2023 and welcoming 2024, BSI holds a prostration of gratitude and remembrance
together
ANALYST MEETING
No. Name of Activity Time Place Discussion Topic
1 Quarterly Earning Calls February 6, 2023 Jakarta 2022 Performance Presentation
2 Quarterly Earning Calls April 27, 2023 Jakarta Performance presentation for quarter I-2023
3 Quarterly Earning Calls September 19, 2023 Jakarta Performance presentation for quarter II-2023
4 Quarterly Earning Calls October 31, 2023 Jakarta Performance presentation for quarter III-2023
TRANSPARENCY IN SUBMISSION OF
REPORTS
No. Letter Date Letter Number Letter Recipient Subject
1 10/01/23 03/021-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of December 31,2022.
2 10/01/23 03/022-3/CSG OJK Capital Market Report on Information or Material Facts of OJK
Supervisory Approval for the Appointment of Members of the
Board of Commissioners of PT Bank Syariah Indonesia
Tbk
3 10/01/23 03/019-3/CSG Indonesia stock exchange Report on Monthly Securities Holder Registration
ending December 31, 2022
4 16/01/23 03/042-3/DIR-CSG OJK Capital Market Report on the Use of Public Offering Proceeds
Supervisory
5 27/01/23 03/149-3/DIR-CSG OJK Capital Market Independent Accountant's Report on the
Supervisory Implementation of Capital Increases by Providing
Pre-emptive Rights I ("PMHMETD I") PT Bank Syariah
Indonesia Tbk
6 31/01/23 03/192-3/DIR-CSG OJK Capital Market Changes to the Company's Audit Committee
Supervisory
7 31/01/23 03/179-3/DlR-CFA OJK Capital Market Report on Information or Material Facts of Submission
Supervisory and Indonesia of Financial Statements as of December 31, 2022
stock exchange (Audited).
8 01/02/23 03/179-3/DlR-CFA OJK Capital Market Report on Information or Material Facts of Submission
Supervisory and Indonesia of Audited Financial Statements as of December
stock exchange 31,2022.
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No. Letter Date Letter Number Letter Recipient Subject
9 02/02/23 02/098-3/CSG OJK Capital Market Submission of Proof of Advertisement of Annual
Supervisory and Indonesia Financial Statements Information
stock exchange
10 02/02/23 03/097-3/CSG OJK Capital Market Report on Information or Material Facts of OJK
Supervisory and Indonesia Approval for the Appointment of Members of the
stock exchange Board of Directors of PT Bank Syariah Indonesia Tbk
11 09/02/23 03/121-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration
ending January 31, 2023
12 09/02/23 03/149-3/CSG OJK Capital Market Report on Annual Rating Results
Supervisory
13 09/02/23 03/122-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of January 31, 2023.
14 09/02/23 03/154-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Hery Gunardi)
15 09/02/23 03/155-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Ngatari)
16 09/02/23 03/156-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Ade Cahyo Nugroho)
17 09/02/23 03/157-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Achmad Syafii)
18 09/02/23 03/158-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Tiwul Widyastuti)
19 09/02/23 03/159-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Tribuana Tunggadewi)
20 09/02/23 03/160-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Suyanto)
21 09/02/23 03/161-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Masduki Baidlowi)
22 09/02/23 03/162-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Sutanto)
23 09/02/23 03/163-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Imam Budi Sarjito)
24 09/02/23 03/164-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Anton Sukarna)
25 08/03/23 03/236-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of February 28, 2023
26 08/03/23 03/233-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration
ending February 28, 2023
27 05/04/23 03/336-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of March 31, 2023
28 05/04/23 03/335-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration
ending March 31, 2023
29 05/04/23 03/609-3/DIR-CSG OJK Capital Market Submission of the Agenda for the Annual General
Supervisory Meeting of Shareholders
30 13/04/23 03/374-3/CSG OJK Capital Market Notification of Plans for the Annual General Meeting
Supervisory of Shareholders
31 17/04/23 03./374-3/CSG OJK Capital Market Submission of Proof of GMS Notification
Supervisory Advertisement
33 28/04/23 03/684-3/DIR-CSG OJK Capital Market Submission of the 2022 Annual Report
Supervisory
34 28/04/23 03/689-3/DIR-CSG OJK Capital Market Submission of the 2022 Sustainability Report
Supervisory
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No. Letter Date Letter Number Letter Recipient Subject
35 28/04/23 03/429-3/CSG OJK Capital Market Summon to the Annual General Meeting of
Supervisory Shareholders
36 02/05/23 03/436-3/CSG OJK Capital Market Submission of Proof of Advertisement of Interim
Supervisory Financial Statement Information
37 02/05/23 03/437-3/CSG OJK Capital Market Submission of Proof of GMS Summon Advertisement
Supervisory
38 03/05/23 03/452-3/CSG OJK Capital Market Report on Information or Material Facts of Disclosure
Supervisory in Relation to Affiliate Transactions
39 03/05/23 03/455-3/CSG OJK Capital Market Report on Information of Disclosure Regarding
Supervisory and Indonesia Affiliate Transactions
Stock Exchange
40 09/05/23 03/460-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration
ending April 30, 2023
41 09/05/23 03/461-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of April 30, 2023.
42 10/05/23 03/451-3/CSG OJK Capital Market Report on Information or Material Facts of Submission
Supervisory of BSI President Director Press Release: We Apologize
and We Are Trying to Restore Services
43 10/05/23 03/450-3/CSG OJK Capital Market Report on Information or MateriaFact of Submission
Supervisory aand Indonesia of Press Releases: Gradually, BSI Branch Office and
Stock Exchange ATM Services back to normal, and BSI Interbank ATM
Services back to normal
44 11/05/23 03/453-3/CSG OJK Capital Market Report on Information or Material Facts of Submission
Supervisory aand Indonesia of Press Releases: BSI Branch, ATM & Mobile Banking
Stock Exchange Services Have Returned to Normal
45 16/05/23 03/834-3/DIR-CSG OJK Capital Market Explanation of Information Disclosure
Supervisory
46 17/05/23 03/456-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Sutanto)
47 17/05/23 03/455--3/CSG OJK Capital Market Explanation of Mass Media Reporting
Supervisory
50 24/05/23 03/473a--3/CSG OJK Capital Market Disclosure of Information related to Corporate
Supervisory Actions - Cash Dividends (CORRECTION) -24052023
51 24/05/23 03/473--3/CSG OJK Capital Market Disclosure of Information related to Corporate
Supervisory Actions - Cash Dividends - 24052023
52 24/05/23 03/473-3/CSG OJK Capital Market Summary of Minutes of the Annual General Meeting of
Supervisory Shareholders
53 25/05/23 03/477-3/CSG OJK Capital Market Submission of Proof of GMS Results Advertisement
Supervisory
54 09/06/23 03/517-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of May 31, 2023.
55 09/06/23 03/516-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration
ending May 31, 2023
56 16/06/23 03/558-3/CSG OJK Capital Market Minutes of the Annual General Meeting of
Supervisory Shareholders
57 26/06/23 03/582-3/CSG Indonesia Stock Exchange Explanation of Reporting in the Mass Media
58 10/07/23 03/628-3/CSG OJK Capital Market Foreign Currency Debt Report
Supervisory
59 10/07/23 03/609-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration
ending June 30, 2023
60 17/07/23 03/1076-3/DIR-CSG OJK Capital Market Report on the Use of Public Offering Proceeds
Supervisory
61 17/07/23 03/1072-3/DIR-CSG OJK Capital Market Changes to the Audit Committee
Supervisory
62 17/07/23 03/1072-3/DIR-CSG OJK Capital Market Changes to the Nomination and Remuneration
Supervisory Committee of Issuers or Public Companies
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No. Letter Date Letter Number Letter Recipient Subject
63 21/07/23 03/676-3/CSG Indonesia Stock Exchange Plan for the Submission of Audited Financial
Statements for the Second Quarter of 2023
64 09/08/23 03-733-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration as
of July 31, 2023
65 09/08/23 03/736-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of July 31, 2023.
66 18/08/23 03/772-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Suyanto)
67 18/08/23 03/770-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Masduki Baidlowi)
68 18/08/23 03/778-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Imam Budi Sarjito)
69 18/08/23 03/775-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Commissioner Sutanto)
70 18/08/23 03/776-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Hery Gunardi)
71 18/08/23 03/768-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Bob Tyasika Ananta)
72 18/08/23 03/773-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Ngatari )
73 18/08/23 03/769-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Zaidan Novari)
74 18/08/23 03/777-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Moh. Adib)
75 18/08/23 03/779-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Anton Sukarna)
76 18/08/23 03/771-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Tribuana Tunggadewi)
77 18/08/23 03/774-3/CSG OJK Capital Market Disclosure of Information on Certain Shareholders
Supervisory (Director Ade Cahyo Nugroho)
78 07/09/23 03/839-3/CSG Indonesia Stock Exchange Explanation of Reporting in the Mass Media
79 08/09/23 03/836-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of August 31, 2023.
80 08/09/23 03/833-3/CSG Indonesia Stock Exchange Securities Holder Registration Monthly Report August
31, 2023.
81 19/09/23 03/878-3/CSG OJK Capital Market Submission of Proof of Information Advertisement
Supervisory and Indonesia on Interim Financial Statements (Quarter II Financial
Stock Exchange Statements 2023 (Audited))
82 25/09/23 03/851-3/CSG OJK Capital Market Report on Information or Material Facts of OJK
Supervisory and Indonesia Approval for the Appointment of Members of the
Stock Exchange Board of Directors and Board of Commissioners of PT
Bank Syariah Indonesia Tbk
83 10/10/23 03/923-3/CSG Indonesia Stock Exchange Securities Holder Registration Monthly Report
September 30, 2023.
84 10/10/23 03/924-3/CSG OJK Capital Market Report on Company Debt/Liabilities Data in Foreign
Supervisory Currency as of September 30, 2023.
494 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Review Responsibility
No. Letter Date Letter Number Letter Recipient Subject
85 25/10/23 03/955-3/CSG Indonesia Stock Exchange Report on Fund Readiness for Repayment of
Subordinated Sukuk Mudharabah I of Bank Syariah
Indonesia (Formerly Bank BRI Syariah) 2016
86 01/11/23 03/1001-3/CSG OJK Capital Market Sharia Securities List (DES) Information Form
Supervisory
87 01/11/23 03/999-3/CSG Indonesia Stock Exchange Submission of Proof of Information Advertisement on
Interim Financial Statementss (Financial Statements
for Quarter III of 2023)
88 08/11/23 03/1017-3/CSG Indonesia Stock Exchange Resignation of Independent Commissioner of PT Bank
Syariah Indonesia Tbk
89 08/11/23 03/1013-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration
cc. OJK Capital Market
Supervisory
90 08/11/23 03/1015-3/CSG Indonesia Stock Exchange Report on Company Debt/Liabilities Data in Foreign
Currency as of October 31, 2023.
91 15/11/23 03/1038-3/CSG OJK Capital Market Annual Public Expose Plan
Supervisory
92 20/11/23 03/1044-3/CSG OJK Capital Market Repayment of Subordinated Sukuk Mudharabah I
Supervisory and Indonesia Bank Syariah Indonesia (Formerly Bank BRI Syariah)
Stock Exchange 2016
93 24/11/23 03/1058-3/CSG OJK Capital Market Submission of Annual Public Expose Material
Supervisory and Indonesia
Stock Exchange
94 04/12/23 03/1088-3/CSG OJK Capital Market Report on Annual Public Expose Results
Supervisory
95 08/12/23 03/1091-3/CSG Indonesia Stock Exchange Report on Monthly Securities Holder Registration
96 08/12/23 03/1097-3/CSG Indonesia Stock Exchange Report on Company Debt/Liability Data in Foreign
Currency Debt as of November 30, 2023.
97 14/12/23 03/1836-3/DIR-CFA OJK Capital Market Submission of Review Responses to the Mid-Annual
Supervisory 2023 Financial Statement of PT Bank Syariah
Indonesia Tbk
98 19/12/23 03/1177-3/CSG OJK Capital Market Information on the Issuance of Subordinated
Supervisory Mudharabah Sukuk and Affiliated Transactions
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 495
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Gratification Control
and Anti-Corruption Policy
Acts of corruption are defined as the abuse of 4. Every time a Gratification is rejected/accepted, the
authority to enrich oneself or another person/party recipient of the gratification is obliged to fill out
through unlawful acts, in accordance with statutory the gratification form completely and correctly,
regulations governing the eradication of criminal and report it to the Gratification Control Unit,
acts of corruption, specifically Law No. 31 of 1999, accompanied by the signed form and supporting
which was later amended by Law No. 20/2002. documents via e-mail with the address antibribery@
bankbsi.co.id and the subject “Gratification
Gratification is a prohibited action that can lead to fraud Reporting” or via WhatsApp with the number 0811
and corruption violations. To avoid such incidents, BSI 8 451 451.
has provisions for Operational Technical Instructions 5. Reporting must be submitted no later than 5 (five)
(PTO) for Gratification Control, which continues to be working days from receipt of the gratification with
socialized within the Bank’s organizational environment. a copy to the Head of the Reporting Work Unit.
6. The Gratification Control Unit reviews reports of
Through the implementation of gratification control, receipt of gratification from the Reporting Party and
it is expected that all levels of employees can do the decides on the type of gratification (to be managed
following: by the Bank or can be owned by the Reporting Party)
1. Building Good Corporate Governance values and by issuing a Decree on Gratification Determination
instilling the value of integrity. no later than 30 (thirty) working days from the
2. Does not accept and/or give gratifications related receipt of the report on receipt of gratification and
to his or her position and contrary to his or her accepting complete supporting document.
obligations or duties. 7. The reporter is required to hand over goods/money
3. Report any receipt of gratification that is related that have been determined to be the property
to his or her position and contrary to his or her of the Bank to Anti Bribery no later than 5 (five)
obligations or duties to the Gratification Control working days after the issuance of the Gratification
Unit, which is under the coordination of the Determination Decree.
Compliance Work Unit.
SOCIALIZATION PROGRAM
PROCEDURES FOR ADDRESSING The aim of gratification control socialization is to
CORRUPTION PRACTICES increase the Bank’s organizational understanding of
The procedures carried out to address corruption, Gratification Control in order to foster an Anti-Fraud
kickbacks, bribery, fraud and/or gratification practices Awareness culture that references the Operational
include: Technical Instructions (PTO) for Gratification Control.
1. Bank officers are obliged to reject gratifications In 2023, the following programs have been realized:
at the first opportunity that are related to the 1. Risk Awareness Program and Anti Fraud Campaign
recipient’s position or conflict of interest. for all employees through online and offline
2. If the acceptance of gratification cannot be rejected socialization, e-mail blasts, computer desktops,
at the first opportunity, then the recipient of the posters, info graphics, videos, social media and
gratification is obliged to report receipt of the onsite monitoring. Details of the implementation of
gratification within a period of no later than 24 the activities are:
hours from receipt to the Anti-Bribery unit. a. Socialization of anti-gratification content/
3. If the gratification is returned to the giver, the posters in collaboration with the Corporate
recipient is obliged to report the return and be Secretary & Communication Group (CSG) via
accompanied by authentic proof of the return of e-mail blast, WhatsApp blast, social media and
the gratification, including a handover report on company website with the following details:
the return of the gratification item signed by the
recipient and the giver or proof of deposit/transfer
if the receipt is in the form of money.
496 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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No. Activities Date Media
1 Awareness posters for all BSI employees January 18, 2023 Email Blast
2 Awareness poster via “Gratifications that do not have to be March 7, 2023 Email Blast
reported”
3 Awareness poster "Celebrate Eid Al-Fitr 1444H with a Pure Heart April 14, 2023 BSI Email, WAG broadcast
and Avoid Gratification" which was delivered to BSI Internal via message
4 Awareness poster "Prohibition on Giving Gifts to all PT BSI Staff on April 14, 2023 BSI official Website, BSI
the occasion of Idul Fitri 1444H" to external parties official social media
5 Awareness poster related to the Prohibition of Accepting and Giving June 29, 2023 Employee Desktop
Gratifications related to Eid al-Adha 1444H to BSI internal parties
6 Poster Prohibiting receiving and giving gratifications in the context June 26, 2023 BSI official social media,
of Eid al-Adha 1444H to external parties i.e. facebook, ig, twitter,
BSI website
7 Compliance Awareness (CA) through Infographics related to August 31, 2023 Email Blast
"Provision to External Parties to Avoid Potential Gratification"
8 Awareness through Anti Bribery Infographics Sept 2023- Vol.03.09. September 19, 2023 Email Blast
awrs "Is it permissible to receive honorarium for official duties?";
9 Anti Bribery infographic awareness poster Oct 2023- Vol.03.09.awrs October 17, 2023 Employee desktop
"Is it permissible to receive honorarium for official duties?"
10 Anti Bribery Infographic awareness poster Oct 2023- Vol.03.10. October 23, 2023 Email Blast, Broadcast
awrs01 "Announcement regarding Gratification Reporting Channels" message Teams Group
via
11 Anti Bribery Infographic awareness poster Oct 2023- Vol.03.10. October 27, 2023 Email Blast, Broadcast
awrs02 "Is it OK to Receive Gifts from Celebrations" message Teams Group
12 Anti Bribery Awareness Poster Nov 2023- Vol.03.11.awrs.01 "Is it November 22, 2023 Email Blast, Broadcast
OK to Receive Gifts from Colleagues?" message Teams Group
13 Awareness Poster to commemorate World Anti-Corruption Day on December 9, 2023 Email Blast, Broadcast
December 9 2023; "Synergy to Eradicate Corruption for Advanced message Teams Group
Indonesia"
14 Poster Advising Prohibition of Giving Gifts/Parcels/Parcels to All December 22, 2023 BSI official social media
Staff of PT Bank Syariah Indonesia to External Parties (Customers/ (Instagram, facebook,
Stakeholders/Partners/Work Partners/Other Parties) twitter)
15 Awareness Poster regarding Advice for Employees on Christmas and December 22, 2023 Email Blast, Broadcast
New Year 2024 message Teams Group
b. Socialization of anti-gratification content through Notes, Letters and online learning applications with the
following details:
No. Activities Date Media
1 Learning via digital learning material "Find gratification around you" March 13, 2023 LMS portal (Learning
via the LMS (Learning Management System) portal Management System)
2 CHC Director's Letter No. 03/658-3/DIR-CPG to Regional Offices I April 14, 2023 Letter
to X regarding the prohibition on accepting and giving gratification
related to Eid al-Fitr 1444H
3 Note No. 03/082-2/DIR-CHC to All Group regarding the prohibition April 14, 2023 Note
on accepting and giving gratification related to Eid al-Fitr 1444H
4 Note No. 03/0113-2/DIR-CHC to all Groups regarding the June 12, 2023 Note
Prohibition of Receiving and Giving Gratification related to Eid al-
Adha 1444H
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 497
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GRATIFICATION CONTROL
AND ANTI-CORRUPTION POLICY
No. Activities Date Media
5 Letter No.03/949-3/DIR-CPG to all Regions regarding the June 12, 2023 Letter
Prohibition of Accepting and Giving Gratifications related to Eid
al-Adha 1444H
6 Note to the entire Group from the Compliance Director regarding December 18, 2023 Submission of Director's
the Prohibition of Accepting and Giving Gratifications related to Note
Christmas and New Year 2024
7 Letter to all Regions from the Compliance Director regarding December 18, 2023 Submission of Director's
the Prohibition of Accepting and Giving Gratifications related to Letter
Christmas and New Year 2024
2. Anti-Gratification (Laa Risywah) socialization to - Partner Gathering with all Notary,
all Bank employees to implement the Code of PPAT, PAF, KJPP and Insurance
Conduct and Good Corporate Governance (GCG) partners under the coordination of the
commitment with the following details: Policy and Procedure Group work unit
a. Gratification Socialization via Face to Face by inviting the Corruption Eradication
both Offline and Online media: Commission as a resource
1. Internal Parties - Vendor Gathering with all IT and
- Anti-Gratification Socialization: Non-IT partners and vendors under
Jakarta Thamrin Area the coordination of the Procurement
- Talkshow with KPK: and Fix Asset Group work unit by
Socialization of Gratifications and inviting the Corruption Eradication
Presentation of Awards to Regions Commission as a resource person
with the Most and Largest Gratification - Gratification Control Socialization
Reports Forum to Sharia Bancaasurance
- Socialization of Gratification Control Marketers of PT BNI Life
to all Regional Office V Jakarta II - Gratification Control Socialization
employees Forum to Sharia Leaders of
- Knowledge Sharing Forum (KSF): Bancaasurance Syariah of PT AXA
Gratification Control with the KPK Mandiri Financial Services (AMFC)
for all BSI Employees “Freedom from - Gratification Control Socialization
Gratification” Forum to Sharia Bancaasurance
- Socialization of Gratification Control: Marketersof PT AXA Mandiri Financial
Customer Care Group (CCG) Services (AMFC)
- Socialization of Gratification Control:
2) Priority Banking Manager b. Onsite visits to work units in order to monitor
3) Retail Funding & Area Transaction the socialization carried out, with the following
Manager details:
4) Priority Banking Relationship - Monitoring and evaluation visits to
Manager Regional Office IV Jakarta I, and Regional
5) Priority Banking Representative Office V Jakarta II
- Gratification Control Socialization - Monitoring and Evaluation Visit to Kelapa
Forum to SME & Micro Risk Group Gading Area Office and Pondok Indah Area
2. External Parties - Monitoring and Evaluation Visit to
- Socialization of Gratification Control the 10 BSI Branch Offices throughout
to all BSI University Partners and/or Jabodetabek
Associates. - Monitoring and Evaluation Visit to 25 Sub-
Branch Offices throughout Jabodetabek
498 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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REALIZATION OF ACTIVITIES IN 2023
Throughout 2023, BSI has carried out a number of activities related to the implementation of anti-corruption policies
within the Bank. Details of programs/activities and their realization are presented in the table below:
Program/Activities Realization/Result
Knowledge Sharing Forum (KSF) with the Socialization was delivered to all levels of the Bank (Board of Commissioners,
theme “Freedom from Gratification” Sharia Supervisory Board, Board of Directors, SEVP, Heads of Work Units and
all Employees) by inviting the Corruption Eradication Commission as a resource
person on August 23, 2023.
Anti-Gratification Socialization to all 1. Socialization was delivered to all BSI University Partners and/or Associates on
Vendors, Business partners and other third February 9, 2023.
parties (Notaries, Insurance Companies, 2. Partner Gathering with all Notary, PPAT, PAF, KJPP and Insurance partners
vendors, KJPP, PAF, IT and Non-IT Partners, under the coordination of the Policy and Procedure Group work unit by
Consultants and other partners) inviting the Corruption Eradication Commission as a resource person on
September 8, 2023.
3. Vendor Gathering with all IT and Non-IT partners and vendors under the
coordination of the Procurement and Fix Asset Group work unit by inviting
the Corruption Eradication Commission as a resource person on October 11,
2023.
4. Gratification Control Socialization Forum to Bancaasurance Sharia Marketers
of PT BNI Life on November 1, 2023.
5. Gratification Control Socialization Forum to Sharia Leaders of Bancaasurance
Sharia of PT AXA Mandiri Financial Services (AMFC) on November 14, 2023.
6. Gratification Control Socialization Forum to Bancaasurance Sharia Marketers
of PT AXA Mandiri Financial Services (AMFC) on December 22, 2023.
ISO 37001:2016 - Anti-Bribery The second Surveillance Audit on ISO 37001:2016 Anti-Bribery Management
Management System Surveillance Audit System has been implemented within the scope of the Head Office Procurement
Group work unit with the following details:
1. Procurement & Policy, Planning & Control (PPC)
2. Procurement Management 1
3. Procurement Management 2
4. Procurement Management 3
Handling of Gratification Reports No. Description Total
1 Determination by the Anti Bribery Unit 22 Reports
2 Determination by the KPK 5 Reports
3 Unable to be follow up 1 Report
Total 28 Reports
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 499
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Highlights
Code
of Conduct
The code of conduct, which in the internal environment Spiritual Foundation, Vision, Mission, Shared
of BSI is referred to as the “Code of Conduct”, is an Value, Employee Value Proposition, Leadership
internal guideline of the Bank that contains systems, Characteristic, and Tagline, and are governed by
values, business ethics, commitment, and enforcement BSI’s internal provisions.
of company regulations for individuals in conducting c. Company Culture
business and other activities and interacting with Corporate culture is the values, behavior and actions
stakeholders. The code of conduct is the standard of that support the realization of the company’s vision,
ethics and behavior that must be guided by all levels of mission and spiritual foundation. Company values
the Bank, namely Directors, Board of Commissioners, can be interpreted as shared values, while behavior
Senior Management and Employees in carrying out and actions are activities and interactions with
their daily duties and business relations with customers, stakeholders that are in accordance with these
partners and co-workers. shared values.
The general objective of the code of conduct is to The matters regulated in the Code of Conduct are:
create guidelines so that any violations of the code of 1. Conflict of Interest
conduct and business ethics by all levels of the Bank The implementation of conflicts of interest is as
can be identified quickly. The banking industry is a follows:
business based on the principles of mutual trust and a. Bank personnel are obliged to avoid activities
public trust, and it operates ethically and responsibly. that could give rise to a conflict of interest.
Activities that could create a conflict of interest
Business behavior and ethics are expected to prevent must be avoided.
inappropriate relationships with customers or among b. Bank personnel are not permitted to provide
Bank employees. The provisions encourage the approval and/or request approval for financing
implementation of Good Corporate Governance, which facilities, as well as other special margin/profit
will eventually improve the Bank’s image and reputation. sharing levels for:
The Company has a process for implementing and - him or herself;
monitoring compliance with the Code of Conduct. - family/relatives up to the second degree
Director/SEVP Human Capital is responsible for both vertically and horizontally;
supervising the implementation of the Code of Conduct - companies in which the person concerned
without exception by the Bank. and/or his family has an interest.
c. Family/relative relationships with Bank
CODE OF CONDUCT personnel up to the second degree, both
a. Objective vertically and horizontally.
The preparation of the Code of Conduct aims d. Providing financing facilities to Bank Executive
to provide sharia, professional, responsible, Officers, including family/relatives up to the
reasonable, appropriate and trustworthy behavioral second degree to Bank Executive Officers,
guidelines for the Bank’s Personnel, in carrying must obtain approval from the Board of
out good business relationships with customers/ Commissioners in accordance with applicable
potential customers, partners/potential partners, regulations, the implementation of which is
co-workers and other stakeholders. regulated in the Bank’s internal provisions.
b. BSI Fundamentals e. Bank personnel must avoid activities related
Bank personnel must adhere to the Bank’s to an organization and/or individual that could
fundamentals when conducting business and possibly lead to a conflict of interest.
other activities and interacting with stakeholders. f. Bank personnel are not permitted to take or
Currently, the fundamentals in question are The utilize Bank Facilities for their own, family or
7 (seven) Fundamentals of BSI, which include: other outside party interests.
500 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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g. Bank personnel can only carry out securities 10. Supervision, Implementation and Update
transactions, foreign exchange trading, The Director/SEVP of Human Capital is responsible
precious metals, derivative transactions, and for supervising the implementation of the Code of
other goods for their own purposes outside of Conduct without exception by the Bank’s personnel.
working hours if there is no conflict of interest, 11. Sanctions for Violation/Non-Compliance
violation of insider trading regulations from the If there is a violation or non-compliance with
regulator, and other laws and regulations. these provisions, the violator may be subjected
2. Prohibition of Risywah to sanctions in accordance with the applicable
Bank personnel must take firm steps regarding provisions.
every form of gift or present from customers,
partners or other third parties. PRINCIPLE OF THE CODE OF ETHICS
3. Confidentiality The code of ethics implemented within BSI, among other
Bank personnel must maintain the confidentiality things, regulates:
of Bank data, especially everything related to 1. Conflict of Interest
information regarding saving customers and 2. Prohibition of Risywah
their savings as well as investor customers and 3. Confidentiality
their investments in accordance with applicable 4. Abuse of Position
regulations. 5. Insider Behavior
4. Abuse of Position 6. Bank Data Integration and Accuracy
Bank personnel are prohibited from abusing their 7. Banking System Integrity
authority and taking advantage, either directly or 8. Employee Account Management
indirectly, based on the information they have from 9. Annual Disclosure
the Bank’s business activities. 10. Sanctions for Violation/Non-Compliance
5. Insider Behavior 11. Supervision of Implementation and Updates
Insiders who have confidential information are
not permitted to use that information to take DISSEMINATION OF THE CODE OF ETHICS
advantage for themselves or their families or other The Bank’s code of ethics has been regulated and
third parties. outlined in internal regulations, such as the PT Bank
6. Bank Data Integration and Accuracy Syariah Indonesia, Tbk Company Regulations (PP) for
Banks are a a highly regulated industry, so the 2021-2023 (PP BSI) and its derivative provisions. PP
accuracy of the data presented is appropriate. BSI can be accessed by all levels of management and
7. Banking System Integrity Bank employees via the intranet network (as an effort
Bank personnel must ensure that they are not to reduce paper use and support the sustainable finance
involved in criminal acts and/or other illegal program).
activities that could disrupt the banking system, such
as fictitious financing, embezzlement of customer Dissemination or socialization of the code of ethics
funds, fraudulent transactions, falsification of data aims to increase understanding of all BSI employees
and so on. and its implementation. Thus, all levels of management
8. Employee Account Management and employees obey and comply with these provisions.
The Bank must ensure that all accounts in the name Socialization is carried out by management and related
of the Bank’s personnel at the Bank are fair and in work units.
accordance with all requirements stipulated in the
Bank Company Regulations. The Human Capital The socialization program that has been running
Work Unit ensures the use of these accounts while regularly is “Taujih Pekanan.” This program is a facility for
still observing the Bank’s confidentiality provisions. Bank management to convey company values, namely
9. Annual Disclosure AKHLAK as core values for BSI employees. Through this
In connection with the implementation of the Bank’s activity, BSI employees are expected to always be in the
Code of Conduct, Bank Management is required right corridor, in line with the Bank’s code of ethics. The
to make an annual disclosure that is truthful and code of ethics is also distributed in other forms, such as
accountable. infographics and letters.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 501
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CODE
OF CONDUCT
STATEMENT THAT THE CODE OF c. Warning Letter Two (SP 2)
ETHICS APPLIES TO ALL LEVELS OF THE d. Warning Letter Three (SP 3)
ORGANIZATION 3. Sanctions for serious disciplinary violations:
The BSI code of ethics applies to all Bank organizations, a. First and Last Warning Letter (SPT)
from the Board of Commissioners, Sharia Supervisory b. Termination of Employment (PHK)
Board, and Board of Directors to all employees. As a
form of commitment to implementing a code of ethics NUMBER OF CODE OF ETHICS VIOLATIONS
at the Bank, this is primarily accomplished through the The Bank always follows up on incidents that constitute
signing of an annual integrity pact. The signing of an violations of the Bank’s internal regulations, such as
integrity pact by the Board of Commissioners, Board of violations of the code of ethics and/or provisions of
Directors, and executive officers of the Bank as a form applicable laws and regulations. Follow-up actions are
of prevention for efforts to control gratification and/or determined from the results of investigations, which
actions that violate the BSI code of ethics, and/or other constitute incidents carried out by employees who
actions that are contrary to the provisions of applicable violate the code of ethics and/or provisions of applicable
laws and regulations. laws and regulations.
TYPES OF SANCTIONS FOR THE CODE OF In taking action against employees who violate the
ETHICS VIOLATIONS code of ethics and/or provisions of applicable laws and
Disciplinary guidance for employees who do not carry regulations, the Bank does so firmly and objectively. The
out their obligations and/or violate company provisions/ types of cases regarding violations of the code of ethics
regulations, including through tiered sanctions: committed by employees consist of 2 (two) types of
1. Sanctions for minor disciplinary violations: cases, namely audit cases and non-audit cases.
a. Non-Sanctioned Guidance Letter (SPNS)
b. Reprimand Letter One (ST 1) The data on violations of the code of ethics both in the
2. Sanctions for moderate disciplinary violations: Bank’s internal regulations and/or statutory regulations
a. Reprimand Letter Two (ST 2) that occurred during 2023 are as follows:
b. Warning Letter One (SP 1)
Number of Sanctions
No. Type of Sanction Sanction Category
2023 2022 2021
1 SPNS 10 8 3
Minor
2 ST 1 57 37 7
3 ST 2 34 17 29
4 SP 1 160 118 32
5 SP 1 Equivalent to SP 2 71 27 0
Moderate
6 SP 1 Equivalent to SP 3 22 11 0
7 SP 2 0 2 25
8 SP 3 0 0 11
9 SPT 32 20 0
Serious
10 PHK 104 68 62
Total 490 308 169
502 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Whistleblowing
System Management
The Whistleblowing System (WBS) or violation 3. To facilitate communication, the Whistleblower can
reporting system, is a reporting system that allows provide information regarding personal identity,
each party to be involved in efforts to prevent and early namely:
detect irregularities at the Bank. The Bank’s obligations a. Name of the Whistlebloweer (anonymous is
in receiving and resolving reports of suspected permitted).
irregularities are: b. Telephone number or e-mail address that can
1. Must receive reports of alleged irregularities from be contacted.
internal or external parties and from reporters who
include their identity or not.
2. Must complete a report on suspected irregularities WHISTLEBLOWING RIGHTS AND
that includes sufficient preliminary evidence. OBLIGATIONS
3. Must provide information on the status of the 1. Whistleblower Rights
process for completing reports of suspected a. Report suspected acts of irregularities or fraud
irregularities in the application for reporting that are known through the whistleblowing
irregularities or fraud. facilities provided.
b. Provide information or documents without
pressure.
WHSITLEBLOWING PRINCIPLES c. Get a guarantee of confidentiality of personal
Submission of reports of alleged irregularities by the identity.
Whistleblower must pay attention to the following d. Provide testimony without having to meet face
matters: to face with the Reported Party during the case
1. The whistleblower is required to provide initial examination.
information, namely: e. Obtain information regarding follow-up to
a. Form of deviation/problem reported; reports through applications for reporting
b. The parties involved; irregularities or fraud.
c. Location/Work Unit where irregularities occur; 2. Whistleblower Obligations
d. Estimated time of deviation; a. Convey information according to facts.
e. Estimated value of loss (if any); and b. In good faith.
f. Chronology of deviations. c. Cooperative.
2. To speed up the audit process, the whistleblower d. Responsible for reports that do not match the
must includes initial evidence of alleged facts or are slanderous.
irregularities, namely: 3. Whistleblowing Channel
a. Written evidence, including financing The Bank provides several whistleblowing channels,
documents, letters, notarial deeds. namely:
b. Written statement of witness. a. Whatsapp/call/SMS: 08119146146
c. Written statement of the perpetrator. b. E-mail: complaint@bankbsi.co.id &
d. Evidence such as electronic documents and/or antibribery@ bankbsi.co.id
printouts, CCTV, voice recordings, SMS, etc. c. GRC Compass application
e. The evidence of alleged irregularities submitted
by the Whistleblower was not obtained by Bank protection does not apply if, based on the audit,
violating applicable laws and regulations. the Whistleblower report is proven to be false or
defamatory or if the Whistleblower is a party involved
in irregularities and/or fraud for the same or different
issues.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 503
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WHISTLEBLOWING
SYSTEM MANAGEMENT
SCOPE OF DEVIATION ACTIONS c. Violation of the code of conduct (conflict of
The scope of irregularities reported in the interest, abuse of position, insider behavior).
Whistleblowing System are: d. Violation of social norms.
1. Deviant acts that are classified as fraud, including: e. Misuse of company assets.
a. Cheating f. Other actions that may give rise to material or
b. Fraud non-material risks.
c. Embezzlement of assets.
d. Leaking Information WHISTLEBLOWING SYSTEM
e. Banking Crime SOCIALIZATION
f. Other actions that can be equated with fraud in Socialization of the whistleblowing system and Anti-
accordance with statutory provisions Gratification media to all employees via employee
2. Acts of omission that are classified as fraud, desktop computers, the Bank’s website, outreach on
including: training activities, sharing sessions, and Taujih Pekanan,
a. Bank employees deliberately sign reports or as well as notifications to customers, Bank partners and
documents that are known to be fabricated. the public.
b. Bank employees deliberately provide financing
approval that is known to be fictitious. NUMBER OF COMPLAINTS
c. Bank employees deliberately authorize or Complaints regarding the Whistleblowing system as
override a transaction or disbursement that is of December 31, 2023 were 577 complaints with the
known to be fictitious. composition of complaints as follows:
3. Specific deviation actions, including:
a. Actions that violate statutory regulations,
No. Type of Complaints Total
including: use of narcotics/addictive
substances/psychotropic substances, alcohol, 1 Financing 48
money laundering, gambling. 2 Operational 521
b. Immoral acts, such as sexual deviation, 3 Code Of Conduct 8
infidelity, sexual harassment, etc.
Total 577
SANCTIONS/ FOLLOW-UP ON COMPLAINT
In 2023, an examination of complaints from the Whistleblowing system received up to December 30, 2023, has been
carried out, with the following details:
Status
Number of Complaints Not Worth Following
Followed Up Under Follow Up Not Follow Up
Up
577 6 8 1 562
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NUMBER OF INTERNAL FRAUDS AND THEIR RESOLUTION EFFORTS
Internal fraud is an act of fraud committed by management, Bank Syariah Indonesia employees, or
non-permanent employees (outsourcing) for personal gain that has a significant impact on the bank’s
financial condition. Throughout 2023, the total number of internal fraud cases occured was 1 (one).
The following table summarizes developments in handling internal fraud occured in 2023:
Number of cases committed by:
Commissioners/Board of Non-Permanent
Internal Fraud Permanent Employee
Directors Employee
2023 2022 2023 2022 2023 2022
Total fraud - - 11 14 1 -
Resolved - - 11 14 1 -
In the process of internal settlement at - - - - - -
the Bank
No resolution has been attempted yet - - - - - -
It has been followed up through the - - 2 2 1 -
legal process
PT Bank Syariah Indonesia Tbk’s efforts to resolve fraud incidents include issuing immediate sanctions to the
perpetrators, involved parties, and related employees. As part of the recovery process, the perpetrators were also
asked to return the Bank’s losses. Bank Syariah Indonesia has also taken legal action against the perpetrators in
order to deter future incidents. The Bank mitigates fraud incidents from recurring by improving control design and
strengthening internal controls to ensure that similar cases do not occur in the future.
WHISTLEBLOWER PROTECTION
BSI has a commitment to provide full support and protection to every whistleblower, guaranteeing the confidentiality
of the whistleblower’s identity as well as the implementation of investigations and disclosures of the reports submitted.
The follow-up is carried out after the Bank verifies that the report is true and supported by adequate evidence.
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Integrated
Governance
Bank Syariah Indonesia, a subsidiary of the Mandiri The relationship between the Main Entity and Subsidiary
Group, actively participates in the Integrated Companies is carried out through discussion forums via:
Governance Committee (TKT) formed by the 1. Integrated Risk Committee (IRC)
Main Entity (Bank Mandiri), and its membership is The IRC is the Executive Committee, which is
determined in accordance with the provisions based on responsible for preparing, among other things, the
the Decree of the Board of Directors of PT Bank Mandiri Integrated Risk Management policy and improving
(Persero) Tbk No. KEP. DIR/136/2015 concerning or refining the Integrated Risk Management
Changes in Membership of Committees Under the policy based on the results of the implementation
Board of Commissioners of PT Bank Mandiri (Persero) evaluation.
Tbk. The number and composition of Independent a. Duties, Authorities and Responsibilities
Commissioners who are members of the Integrated of the IRC Committee are to provide
Governance Committee have been represented by recommendations to the Board of Directors
several Subsidiary Companies in accordance with the regarding, among other things:
needs of the Bank and applicable regulations. Bank - Adequacy of integrated risk identification,
Syariah Indonesia as a subsidiary company has followed measurement, monitoring, control
the recommendations from the Integrated Governance processes and Integrated Risk
meeting. The TKT Committee has the following duties Management information systems;
and responsibilities: - Comprehensive internal control system
for the implementation of Integrated Risk
1. Evaluate internal implementation and Management;
implementation of the compliance function in an - Implementation of Risk Management in
integrated manner. each Subsidiary Company.
2. Provide recommendations to the Board of b. IRC meeting
Commissioners of the Main Entity IRC meetings are held at least 3 (three) times a
year or at any time if deemed necessary at the
Bank Syariah Indonesia sent two representatives, request of one or more committee members
namely Mohamad Nasir and KH. Dr. Mohammad with voting rights (Voting Members) or at the
Hidayat, to serve as member of the TKT Committee in request of the Board of Directors, at the written
accordance with Decree Number: 03/519-KEP/DIR suggestion of the relevant work unit to submit
dated December 5, 2023. material to be discussed and coordinated with
the Committee Secretary.
The goals and objectives of establishing Integrated 2. Board Forums
Governance are as follows: Bank Syariah Indonesia as a Subsidiary Company
1. Realizing a common perception among and all (PA) routinely includes the Board of Directors in
Subsidiary Companies and Bank Mandiri regarding various board forums held by the Main Entity (Bank
improving the quality of good governance in the Mandiri) both quarterly and semi-annually.
Financial Conglomeration.
2. Building synergies and strong business alliances
between all Subsidiary Companies and Bank
Mandiri to create added value for the Financial
Conglomerate on an ongoing basis.
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INTEGRATED GOVERNANCE ASSESSMENT
Aspects and results of the 2023 BSI Integrated Governance assessment are presented in the following table.
Result
No. Aspect
Semester I Semester II
1 Board of Directors 1.33 1.22
2 Board of Commissioners 1.50 1.50
3 Sharia Supervisory Board 1.00 1.00
4 Integrated Governance Committee 1.00 1.00
5 Integrated Compliance Work Unit (SKKT) 1.25 1.50
6 Integrated Internal Audit Work Unit (SKAIT) 1.00 1.00
7 Integrated Risk Management Implementation 1.60 1.40
8 Integrated Governance Guidelines 1.33 1.33
9 Conflict of Interest 1.00 1.00
10 Remuneration Policy 1.00 1.00
Total 1.20 1.20
INTEGRATED GOVERNANCE IMPLEMENTATION SELF-ASSESSMENT RESULTS
Semester I of 2023
Rating Rating Definition
1.20 The Financial Conglomeration is considered to have implemented Integrated Governance which is generally
very good. This is reflected in adequate fulfillment of the implementation of Integrated Governance principles.
If there are weaknesses in the implementation of Integrated Governance, in general these weaknesses are
not significant and can be immediately corrected by the Main Entity and/or FSI
Positive Factor Development Area
Governance Structure:
a. The number of the Company’s Board of Commissioners, Board of Directors As of June 30, 2023, there were 2 (two)
and Sharia Supervisory Board (DPS) has fulfilled the requirements stipulated members of the Board of Directors and 2 (two)
in statutory regulations, including the implementation of concurrent positions members of the Board of Commissioners who
for each member of the Board of Commissioners, Board of Directors and were in the process of preparing for a fit and
SSB; and proper test at the OJK.
b. The number, composition and requirements set for all organs and supporting/
supporting infrastructure for the implementation of Corporate Governance
are in accordance with statutory provisions and are adequate to support the
implementation of good corporate Governance.
Governance Process:
As with the governance structure aspect, almost all assessment criteria in the Risk Appetite Statement (RAS) has not yet
governance process aspect are positive factors for the implementation of been approved.
corporate governance, namely:
a. The implementation of the duties and responsibilities of the Board of
Directors, Board of Commissioners, and SSB has been carried out in
accordance with the Work Guidelines that have been established based on
the principles of good corporate governance, including the holding of Board
of Directors, Board of Commissioners, and SSB meetings as well as Joint
Meetings, which are always well documented. and serve as material for
evaluating improvements and strengthening the implementation of corporate
governance to support the achievement of the Company’s objectives; and
b. All supporting organs and infrastructure/supporting the implementation of
corporate governance have functioned well in overseeing the implementation
of good corporate governance.
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INTEGRATED
GOVERNANCE
Positive Factor Development Area
Governance Results:
a. Integrated Compliance Reports to the parent have been carried out in a There were still fines from regulators that need
timely manner; to be followed up
b. Recommendations resulting from the supervision of the Sharia Supervisory
Board have been submitted to the Company’s Board of Directors, which
includes monitoring the implementation of Corporate Governance principles
and Sharia principles; and
c. The Internal Audit work unit has prepared and submitted reports on the
implementation of its duties and responsibilities to authorized officers in a
complete, routine, and timely manner that are well documented.
Semester II of 2023
Rating Rating Definition
1.20 The Financial Conglomeration is considered to have implemented Integrated Governance which is generally
very good. This is reflected in the adequate fulfillment of the implementation of Integrated Governance
principles. If there are weaknesses in the implementation of Integrated Governance, in general, these
weaknesses are not significant and can be immediately corrected by the Main Entity and/or FSI
Positive Factor Development Area
Governance Structure:
a. All members of the Board of Commissioners, Board of Directors, and Sharia As of November 6, 2023, there was 1
Supervisory Board (SSB) of the Company have passed the OJK fit and proper (one) Independent Commissioner who had
test and received approval from the MUI DSN, including the implementation resigned, so the composition of Independent
of concurrent positions for each member of the Board of Commissioners, Commissioners was less than 50% of the
Board of Directors, and SSB in accordance with applicable regulations; and total number of members of the Board of
b. The number and requirements set for all organs and supporting infrastructure Commissioners
for the implementation of Corporate Governance are in accordance with
statutory provisions and are adequate to support the implementation of
good Corporate Governance.
Governance Process:
As with the governance structure aspect, almost all assessment criteria in the The Risk Appetite Statement (RAS) has not yet
governance process aspect are positive factors for the implementation of been ratified
corporate governance, namely:
a) The implementation of the duties and responsibilities of the Board of
Directors, Board of Commissioners, and SSB has been carried out in
accordance with the Work Guidelines that have been established based
on the principles of good corporate governance, including the holding of
Board of Directors, Board of Commissioners, and SSB meetings as well as
Joint Meetings that are always documented. well and serve as evaluation
material for improving and strengthening the implementation of corporate
governance to support the achievement of the Company’s objectives; and
b) All supporting organs and infrastructure for the implementation of corporate
governance have functioned well in overseeing the implementation of good
corporate governance.
Governance Results:
a) Integrated Compliance Reports to the parent have been carried out in a There were still fines from regulators that need
timely manner; to be followed up
b) Recommendations resulting from the supervision of the Sharia Supervisory
Board have been submitted to the Company’s Board of Directors, which
includes monitoring the implementation of corporate governance principles
and sharia principles; and
c) The Internal Audit work unit has prepared and submitted a report on the
implementation of its duties and responsibilities to authorized officers in a
complete, routine, and timely manner that is well documented.
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Non-Halal Income
and its Utilization
Non-halal income reporting and its utilization in Sharia banks is governed by Bank Indonesia Circular Letter Number
12/13/DPbS, dated April 30, 2010, on the Implementation of Good Corporate Governance for Sharia Commercial
Banks and Sharia Business Units.
The report below details the use of Bank Syariah Indonesia’s income and social/benevolent funds in 2023.
Recapitulation of Report on Sources and Utilization of Benevolent Funds
Change
Description 2023 2022
Rp %
Source of benevolent funds 83,595 89,902 (6,307) (7)
Infaq and alms 63,947 73,857 (9,910) (13)
Fines 17,915 12,877 5,038 39
Non-Halal Income 1,733 3,168 (1,435) (45)
Donations/grants - - - -
Utilization of benevolent funds
Donations (80,736) (108,831) (28,095) (26)
Increase (decrease) of benevolent funds 2,859 (18,929) 21,788 (115)
Beginning balance of benevolence fund 7,048 25,977 (18,929) (73)
Ending balance of benevolent fund 9,907 7,048 2,859 41
Long-Term Compensation Policy
for Employees and/or Management
BSI has an Employee Stock Option Program (ESOP), which is a program for giving bank shares to selected employees
as a form of appreciation and retention for employees.
For management, BSI has a Management Stock Option Plan program, namely a company share ownership scheme by
company management, which is generally used as an appreciation for performance or as a step to encourage company
management performance.
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Stock Buyback
and Bond Buyback
In 2023, Bank Syariah Indonesia did not buyback shares or bonds issued by the Bank. The provisions related to buy
backs refer to SE BI No.12/13/DPbS concerning the Implementation of GCG for Sharia Commercial Banks and Sharia
Business Units, dated April 30, 2010. Share buyback and bond buyback refer to an effort to reduce the number of
shares or bonds issued by purchasing them back, with payment procedures carried out in accordance with applicable
regulations.
Transparency of Financial
and Non-Financial Conditions
Bank Syariah Indonesia has submitted a Good Corporate Governance Implementation Report to Shareholders, and
the Financial Services Authority (OJK), and other institutions in accordance with regulatory provisions. In addition,
the Bank has fulfilled its obligation to publish reports to stakeholders based on applicable accounting standards and in
accordance with Bank Indonesia regulations.
Transaction Containing Conflict
of Interest
Throughout 2023, there were no conflicts of interest involving BSI management that caused losses to the Bank.
Meanwhile, efforts made by the Bank to prevent conflicts of interest include, among others:
A. e-Poster
The Bank created electronic posters (e-posters), which were disseminated to all employees in an effort to prevent
conflicts of interest.
B. Integrity Pact
A conflict of interest is a situation where there is a conflict of interest by exploiting one's position and authority
(whether intentionally or unintentionally) within the company for personal, family, and group interests so that
the mandated tasks cannot be carried out objectively and have the potential to harm the company. To prevent
conflicts of interest among employees, all levels of management and Bank employees are required to fill out an
annual disclosure regarding conflicts of interest that arise in carrying out their duties and responsibilities. The
pact, which is stated every year, is closely related to personnel documents. Currently, the annual disclosure
is managed by the Human Capital work unit, and the annual disclosure has been integrated with the Bank's
personnel system application.
C. Email Blast
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Assessment
of GCG Implementation
As part of the Company’s commitment to OJK 1. Implementation of the duties and responsibilities of
Circular Letter No. 10/SEOJK.03/2014 regarding the the Board of Commissioners.
Assessment of the Health Level of Sharia Commercial 2. Implementation of the duties and responsibilities of
Banks and Sharia Business Units, BSI has routinely the Board of Directors.
conducted self-assessments on GCG implementation. 3. Completeness and implementation of the
The Good Corporate Governance (GCG) factor Committee’s duties.
assessment is a study of the quality of the Bank’s 4. Implementation of the duties and responsibilities of
management in terms of the implementation of GCG the Sharia Supervisory Board.
principles, which include regulatory provisions. 5. Implementation of sharia principles in fund
collection and distribution activities as well as
Every semester, at the end of June and December, services.
BSI conducts an assessment of GCG implementation. 6. Handling conflicts of interest.
The GCG self-assessment results are divided into five 7. Implementation of compliance functions.
categories: Rank 1, Rank 2, Rank 3, Rank4, and Rank 5. 8. Implementation of the internal audit function.
9. Implementation of the external audit function.
ASSESSMENT IMPLEMENTER 10. Legal Lending Limit (BMPD).
GCG implementation assessment is carried out through 11. Transparency of financial and non-financial
a self-assessment conducted by the Compliance Group. conditions of BUS, reports on the implementation
of Good Corporate Governance and internal
ASSESSMENT CRITERIA reporting.
The implementation of self-assessment on the
implementation of GCG refers to the OJK Circular ASSESSMENT RESULT
Letter which covers 3 (three) aspects of governance, The score for the implementation of the GCG self-
namely governance structure, governance process assessment in the first semester of 2023 was 2 (“Good”),
and governance outcome. The assessment of the three with the following conclusions:
aspects of governance is carried out on:
Positive Factor Development Area
Criteria: Governance Structure
In general, the Bank has a complete Governance structure and infrastructure 1. As of June 30, 2023, there were 2 (two)
that is in accordance with applicable regulations to support the process of members of the Board of Commissioners
implementing GCG principles in every line of work and operation and aims who were appointed through the Annual
to produce outcomes that are in line with the expectations of the Bank’s General Meeting of Shareholders on May
stakeholders. 22, 2023, who are still in the process of
preparing for the OJK fit and proper test,
namely:
a. Mr. Muliaman D. Hadad (President
Commissioner concurrently Independent
Commissioner)
b. Mr. Abu Rokhmad (Commissioner)
2. As of June 30, 2023, there were 2 (two)
members of the Board of Directors who
were appointed through the Annual General
Meeting of Shareholders on May 22, 2023,
who are still in the process of preparing for
the OJK fit and proper test, namely:
a. Mr. Saladin D. Effendi (Director of
Information Technology)
b. Mr. Grandhis (Director of Risk Management)
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ASSESSMENT
OF GCG IMPLEMENTATION
Positive Factor Development Area
Criteria: Governance Process
In general, the implementation of GCG is in accordance with the provisions, According to the results of the governance
which are reflected in the Bank’s fulfillment and implementation of its obligations process’s self-assessment, there are still fund
to regulators as well as the fulfillment of its obligations to all stakeholders. collection and/or fund distribution activities
that are not in line with Sharia principles,
despite the fact that all Bank Products are
in accordance with the DSN-MUI Fatwa
and SSB Opinion, and all related SOPs are
prepared using adequate mechanisms. Against
this condition, the Bank has carried out a
program to improve the culture of sharia
compliance through a Preview Test on the
implementation of sharia principles in branch
offices, strengthening sharia aspects through
various training, preparing and updating digital
sharia modules, implementing sharia combined
assurance and the digitalization process, and
continuing to carry out education related to
the implementation of Sharia principles in
every Bank product and activities at all level of
the organization.
Criteria: Governance Results/Outputs
The outcomes of the implementation of GCG at Bank Syariah Indonesia can Fines from regulators have increased,
be seen in the Bank’s achievements, both financially and non-financially. necessitating management’s attention to
Financially, this can be seen from the achievements of the main indicators of the implement mitigation measures to prevent this
Bank’s financial performance up to June 2023 in the following table: from happening again in the next period.
(in billion rupiah)
Growth YoY
Post June 2023
Nom %
Net Income 2,782 651 30.53%
Total Assets 313,641 36,298 13.09%
OHC 4,688 193 4.30%
Financing 9,695 30,607 16.00%
Third-Party Funds 252,516 7,852 3.21%
a. Giro 40,414 1,545 3.98%
b. Saving 110,929 4,398 4.13%
c. Deposit 101,172 1,909 1.92%
CASA 151,343 5,943 4.09%
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Meanwhile, non-financially, during Semester 1 of 2023, the Bank received a total of 61 (sixty one) awards, including:
1) Indonesia’s Popular Digital Products Award 2023
2) 3rd Indonesia Syariah Awards 2023
3) CSR Excellence Awards 2023
4) BAZNAS Award 2023
5) Indonesia Best CEO Awards 2023
6) Top Digital Corporate Brand Award 2023
7) Indonesia Best Workplace for Women
8) Indonesia Financial Top Leader Awards 2023
9) 20th Infobank-MRI Banking Service Excellence Award 2023
10) Indonesia Top Digital Public Relations Award
Meanwhile, the GCG assessment results for semester 2 of 2023 received a stable score of 2 (Good) compared to the
assessment for Semester I of 2023. The positive factors that support and provide opportunities for future development
are outlined in the table below.
Positive Factor Development Area
Criteria: Governance Structure
In general, the Bank has a complete Governance structure and infrastructure On November 6, 2023, 1 (one) member of the
that is in accordance with applicable regulations to support the process of Board of Commissioners resigned, namely Mr.
implementing GCG principles in every line of work and operation and aims M. Arief Rosyid Hasan, and this was reported
to produce outcomes that are in line with the expectations of the Bank’s to the OJK via Letter No. 03/1706-3/DIR-
stakeholders. CSG, dated November 16, 2023, regarding
Information on the Resignation of Members of
the Board of Commissioners. This resignation
resulted in the composition of the Independent
Commissioners being below 50% of the total
members of the Board of Commissioners. Due
to these conditions, the Bank will confirm the
resignation at the next Annual GMS and plans
to appoint a replacement.
Criteria: Governance Process
In general, the implementation of GCG is in accordance with the provisions, According to the results of the governance
which are reflected in the Bank’s fulfillment and implementation of its obligations process’s self-assessment, there were still fund
to regulators as well as the fulfillment of its obligations to all stakeholders. collection and/or fund distribution activities
that are not in line with Sharia principles,
despite the fact that all Bank Products are in
accordance with the DSN-MUI Fatwa and SSB
Opinion, and all related SOPs are prepared
using adequate mechanisms. Against this
condition, the Bank has carried out a program
to improve the culture of Sharia compliance
through a Preview Test on the implementation
of Sharia principles in branch offices,
strengthening Sharia aspects through various
training, preparing and updating Sharia digital
modules, implementing Sharia combined
assurance and the digitalization process, and
continuing to carry out education related to
the implementation of Sharia principles in
every Bank product and acitivities at all levels
of the organization.
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ASSESSMENT
OF GCG IMPLEMENTATION
Positive Factor Development Area
Criteria: Governance Results/Outputs
The outcomes of the implementation of GCG at Bank Syariah Indonesia can be Fines have increased significantly since
seen in the Bank’s achievements, both financially and non-financially. Financially, Semester 1 2023, requiring management’s
this can be seen from the achievements of the main indicators of the Bank’s attention. Currently, the Bank is conducting
financial performance up to December 2023 (unaudited) in the following table: root cause analysis identification to determine
follow-up actions in order to mitigate the risk
(in billion rupiah) of the same fine occurring again in the next
period
December 2023 Growth YoY
Pos
Nom Nom %
Net Income 5,704 1,444 33.88%
Total Assets 353,624 47,897 15.67%
OHC 10,121 237 2.40%
Financing 240,316 32,611 15.70%
Third-Party Funds 293,776 32,285 12.35%
a. Giro 53,201 8,680 19.50%
b. Saving 124,726 8,242 7.08%
c. Deposit 115,848 15,362 15.29%
CASA 177,928 16,923 10.51%
Meanwhile, non-financially, during Semester 2 of 2023, the Bank received a
total of 55 (fifty five) awards, including:
1. Indonesia Best Bank 2023 for The Development of Islamic Ecosystem
2. The Most Outstanding Sharia Bank
3. Most Organized Investor Relations
4. Most Consistent Dividend Policy
5. Top Digital Corporate Brand Award 2023
6. GIFA Market Leadership Award
7. Very Good in Indonesia Most Reputable Companies 2023
8. Excellent Financial Performance SOE’s Subsidiary in 2022
9. Highest Profit Growth Bank
10. The Most Trusted Company – SWA
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ASSESSMENT OF GCG IMPLEMENTATION Thus, the CGPI program is expected to motivate the
BY EXTERNAL PARTIES business world to implement the concept of Corporate
Governance (CG) while also encouraging wider
Corporate Governance Perception Index community participation so that they can work together
(CGPI). to develop and implement GCG. In addition, the CGPI
In 2023, BSI participated in the Corporate Governance program aims to encourage companies to improve
Perception Index (CGPI) assessment held by The the quality of GCG through continuous improvement,
Indonesian Institute for Corporate Governance so that the CGPI program can become a strategic
(IICG). CGPI is a GCG research and ranking program tool for compiling databases, mapping CG conditions
that assesses the quality of a company’s corporate in Indonesia, and serving as a benchmark for GCG
governance. CGPI is used by public companies (issuers), implementation in public, state-owned, and private
state-owned enterprises, banks, and other private companies in Indonesia.
businesses.
Companies participating in the CGPI program can
The CGPI program is being implemented with the goal provide benefits, including providing a basis for company
of inviting all stakeholders in the business ecosystem, management through reviewing the application of GCG
including the government, business people, the business principles to create added value for stakeholders. The
community, and business supporters, to implement best CGPI results show the serious behavior of companies in
GCG practices in the world of business and the economy. Indonesia in improving the quality of implementing GCG
This initiative was launched to promote sustainable principles.
economic prosperity, with a focus on the process of
creating added value for all stakeholders.
Some of the benefits that CGPI-participating companies can obtain include the following:
Determine indicators or quality Maintaining the Company’s survival
standards for implementing GCG to be with ethical and dignified business
achieved. practices
Improving the Company’s Map the Company’s strategic
internal processes to increase problems to improve the quality of
GCG implementation GCG implementation
Increase investor and public Increase stakeholder awareness of the
confidence in the Company urgency and benefits of GCG
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ASSESSMENT
OF GCG IMPLEMENTATION
Assessment Implementation Procedures
Filling in Assessment of Observer
Company
the Self- Documentation Team
Organ
Assessment System Discussion
Presentation
Questionnaire Completeness with Company
Organs
ANALYSIS STAGE OBSERVATION STAGE
Criteria Used
The assessment aspects used in CGPI 2023 with theme Building Company Agility within the GCG Framework are as
follows:
Aspects of Governance Structure, defined as the completeness of organs, structures,
and infrastructure to build a system of company resilience to change dynamics in
accordance with values, principles, and governance rules in order to create added
value for stakeholders and ensure sustainable growth in an ethical and dignified
manner.
Governance Process Aspects, defined as effective and efficient operational systems
and mechanisms for building a company resilience system against the dynamics of
change in accordance with governance values, principles, and rules, in order to create
added value for stakeholders and ensure sustainable growth in an ethical and dignified
manner.
Aspects of Governance Results, defined as the quality of accomplishments and
benefits that are effective and efficient in building a system of company resilience to
the dynamics of change in accordance with the values, principles, and governance rules
in order to create added value for stakeholders and ensure sustainable growth ethically
and with dignity.
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Party Conducting the Assessment Criteria Used
IICG – The Indonesian Institute for Corporate The ASEAN CG Scorecard assesses open corporate
Governance governance practices in ASEAN countries. The
assessment is based on publicly available information,
Assessement Result such as the Annual Report, Audited Financial Statement,
Sustainability Report, Announcement and Summon
to the General Meeting of Shareholder, Company
PT Bank Syariah Indonesia Tbk Website, and other public informations. The ASEAN CG
Scorecard assessment components are the following:
a. Shareholder Rights
b. Equal Treatment of Shareholders
c. Role of Stakeholders
d. Disclosure and Transparency
e. Responsibilities of the Board of Directors and
91.50 Board of Commissioners
(The Most Trusted Company) Party Conducting the Assessment
The ACMF conducts the assessment through the
Governance Structure (30.27) Domestic Ranking Body (DRB), which is appointed
Governance Process (30.02) as a representative in each participating country
Governance Results (31.21) by the respective regulator. DRB conducts national
assessments, which are then peer reviewed by DRBs
from other ASEAN member countries. Since 2016, OJK
has appointed PT RSM Indonesia Consultants (RSM) as
ASEAN Corporate Governance Scorecard the DRB to conduct assessments in Indonesia.
In order to continue the process of improving
Governance and demonstrating commitment and
consistency in its implementation, Bank Syariah
Indonesia is aligning governance practices by adopting
principles developed by the Organization for Economic
Cooperation and Development (OECD) and agreed upon
by the ASEAN Capital Market Forum (ACMF), namely
the ASEAN Corporate Governance (CG) Scorecard.
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Implementation of Public Company
Governance Guidelines
In accordance with Financial Services Authority Regulation (POJK) Number 21/POJK.04/2015 and Financial Services
Authority Circular Letter (SEOJK) Number 32/SEOJK.04/2015 concerning Public Company Governance Guidelines,
the following are the details of its implementation at BSI:
Principle Recommendation Implementation in Bank Realization
Aspect 1:
Public Company Relations with Shareholders in Guaranteeing Shareholder Rights
Principle 1: Increase 1.1 Public Bank Syariah Indonesia (BSI) conducted an open and Comply
the value of the holding Companies have closed voting process at the Annual General Meeting
of General Meeting of technical methods of Shareholders (GMS) and Extraordinary GMS, as
Shareholders (GMS). or procedures for stated in the GMS Rules of Procedure, for those who
collecting votes were physically present through the system provided
(voting) both openly by the Company’s Securities Administration Bureau
and privately and those who attended electronically through the
that prioritize Electronic General Meeting System (eASY.KSEI)
independence. facility provided by KSEI.
At the 2023 Annual GMS, the voting mechanism was
carried out by shareholders or their proxies who
abstained, while those who were against were asked
to raise their hands and submit their voting cards, and
those who did not raise their hands were assumed to
agree to the proposal under consideration.
Voting is also conducted electronically (e-voting)
for shareholders who are not physically present or
who provide their power of attorney electronically
(e-proxy) via KSEI’s Electronic General Meeting
System (eASY.KSEI) facility.
The voting results were computed by an independent
party, the Securities Administration Bureau PT
Datindo Entrycom. This ensures the independence and
interests of shareholders in the voting process.
The Company has created the GMS Rules of
Procedure, which can be downloaded from the
Company’s website. Summon to the GMS at the time
of the GMS, the rules in question are also available for
Shareholders, which can be downloaded at the GMS
via the QR code provided, and the main points of the
GMS rules and regulations are also red before the
GMS begins
1.2 All members At the 2023 Annual GMS, all members of BSI’s Board of Comply
of the Board Directors and Board of Commissioners were present.
of Directors
and members
of the Board of
Commissioners of
the Public Company
are present at the
Annual GMS.
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1.3 A summary of A summary of the Minutes of the 2023 GMS, both Comply
the GMS minutes in Indonesian and English, was announced 2 (two)
is available on the working days after the GMS was held and has been
Public Company uploaded on the BSI Website, BEI Website, and eASY
Website for at least KSEI (KSEI Website).
1 (one) year.
Principle 2: Improving 2.1 Public BSI has a policy for communicating with shareholders Comply
the Quality of Companies have or investors, which is outlined in Chapter V of the
Public Company a communication Corporate Secretary & Communication Standard
Communication policy with Operating Procedures.
with Shareholders or shareholders or
Investors. investors. BSI’s communication activities include GMS, Public
Expose, Analyst Meetings, Financial Statements, and
Annual Reports, as well as the disclosure of accurate
and timely information. In addition, BSI provides
information that can be accessed through its website.
The website also includes the addresses of BSI’s head
offices and branch offices, as well as e-mail addresses,
social media access, and contact centers, allowing
shareholders and investors to easily communicate
with the Bank.
2.2 The Public BSI always manages information on its website so that Comply
Company Company shareholders or investors can obtain the
discloses the latest information related to BSI.
Public Company’s
communication
policy with
shareholders or
investors on the
Website.
Aspect 2:
Functions and Roles of the Board of Commissioners
Principle 3: Strengthen 3.1 Determining the BSI has complied with the provisions of Article 20 Comply
the Membership number of members POJK No. 33/POJK.04/2014 concerning the Board
and Composition of the Board of of Directors and Board of Commissioners of Issuers
of the Board of Commissioners or Public Companies, namely that the number of
Commissioners. takes into account members of the Board of Commissioners is more than
the conditions of the 2 (two) people. As of December 31,2023, the number
Public Company. of members of the BSI Board of Commissioners was
9 (nine) people consisting of 4 (four) Independent
Commissioners and 4 (four) non-Independent
Commissioners. The number of members of the BSI
Board of Commissioners does not exceed the number
of members of the Board of Directors.
3.2 Determining The BSI Board of Commissioners has a diversity of Comply
the composition expertise, knowledge and experience which aims to
of members of support BSI’s business development. This can be seen
the Board of from the profile of each Board of Commissioners on
Commissioners the Company’s website
takes into account
the diversity of
skills, knowledge
and experience
required.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 519
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IMPLEMENTATION OF PUBLIC COMPANY
GOVERNANCE GUIDELINES
Principle Recommendation Implementation in Bank Realization
Principle 4: Improving 4.1 The Board of The Board of Commissioners has a self-assessment Comply
the quality of Commissioners has policy which is regulated in the Board of
implementation a self-assessment Commissioners’ Rules of Conduct.
of the duties and policy to assess
responsibilities the performance
of the Board of of the Board of
Commissioners. Commissioners
4.2 Self-assessment The self-assessment policy for assessing the Comply
policy performance of the Board of Commissioners has been
to assess the disclosed in this Annual Report.
performance
of the Board of
Commissioners,
disclosed through
the Public
Company’s Annual
Report.
4.3 The Board of The Board of Commissioners has a policy regarding the Comply
Commissioners has resignation of members of the Board of Commissioners
a policy regarding if they are involved in financial crimes as regulated in
the resignation the BSI Corporate Governance Standard Operating
of members of Procedures (SPO).
the Board of
Commissioners if
they are involved in
financial crimes.
4.4 The Board of The succession policy has been regulated in the Comply
Commissioners BSI Remuneration & Nomination Committee Work
or the Committee Guidelines and Procedures.
that carries out
the Remuneration
and Nomination
functions prepares
a succession policy
in the Nomination
process for
members of the
Board of Directors
Aspect 3:
Functions and Roles of the Board of Directors
Principle 5: 5.1 Determining BSI has complied with the provisions of article 20 Comply
Strengthening the the number of POJK no. 33/POJK.04/2014 concerning the Board
Membership and members of the of Directors and Board of Commissioners of Issuers
Composition of the Board of Directors or Public Companies, namely the Board of Directors
Board of Directors. takes into account of Issuers or Public Companies consisting of at least
the condition of the 2 (two) members of the Board of Directors. As of
Public Company December 31, 2023, the number of BSI Directors
and effectiveness in was 10 (ten) and the determination was based on the
decision making. complexity and needs of BSI.
5.2 Determining The BSI Board of Directors has a diverse background Comply
the composition of expertise, knowledge and experience. This can
of members of the be seen from the profile of each Director on the
Board of Directors Company's website. The diversity and number of the
takes into account Board of Directors is needed in order to provide the
the diversity of best alternative problem resolution for the Bank, in
skills, knowledge accordance with the needs, size and complexity of the
and experience Bank's business
required.
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5.3 Members of the The director in charge of accounting or finance at Comply
Board of Directors BSI is the Director of Finance & Strategy, namely Mr.
who are in charge Ade Cahyo Nugroho, with education, experience, and
of accounting competence in the financial sector, which can be seen
or finance have in his profile on the Company's website.
expertise and/or
knowledge in the
field of accounting.
Principle 6: Improving 6.1 The Board of The Board of Directors has a self-assessment policy. Comply
the Quality of Directors has a The performance assessment of the Board of Directors
Implementation self-assessment is carried out through a self-assessment mechanism to
of Duties and policy to assess the assess the implementation of the Board of Directors’
Responsibilities performance of the performance as regulated in the BSI Corporate
of the Board of Board of Directors Governance Standard Operational Procedures (SPO).
Directors.
6.2 The self- The self-assessment policy for assessing the Comply
assessment policy performance of the Board of Directors has been
for assessing the disclosed in this Annual Report.
performance of the
Board of Directors
is disclosed in the
Public Company's
annual report.
6.3 The Board of The Board of Directors has a policy regarding the Comply
Directors has a resignation of members of the Board of Directors if
policy regarding they are involved in financial crimes, as regulated in
the resignations the BSI Corporate Governance Standard Operating
of members of the Procedures (SPO).
Board of Directors if
involved in financial
crimes.
Aspect 4:
Stakeholder Participation
Principle 7: 7.1 Public To prevent insider trading from occurring, BSI has a Comply
Improving Corporate Companies have policy that regulates this in the Corporate Secretary
Governance Aspects policies to prevent & Communication Standard Operating Procedures
through Stakeholder insider trading. (SPO).
Participation.
7.2 Public BSI has an anti-fraud policy. BSI’s anti-fraud policy is Comply
Companies have the main basis for implementing anti-fraud strategies
anti-corruption and through 4 (four) pillars of the fraud control system,
anti-fraud policies. namely:
1. Fraud Prevention;
2. Fraud Detection;
3. Fraud Investigation, Reporting and Imposition of
Sanctions; and
4. Fraud Monitoring, Evaluation and Follow-up.
BSI’s Anti Fraud Policy can be accessed on the
BSI website. BSI also has Operational Technical
Instructions (PTO) for Gratification Control.
7.3 Public BSI has a Goods and Services Procurement Policy, Comply
Companies have namely SPO Procurement and PTO Procurement for
policies regarding the procurement of goods and services.
the selection and
improvement of
supplier or vendor
capabilities.
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IMPLEMENTATION OF PUBLIC COMPANY
GOVERNANCE GUIDELINES
Principle Recommendation Implementation in Bank Realization
7.4 Public Policies regarding the fulfillment of creditors’ rights Comply
Companies have are regulated in Bank Syariah Indonesia’s Policies,
policies regarding Standard Procedures, and Product Manual, with
the fulfillment of the following points:
creditor rights.
Bank Syariah Indonesia is committed to fulfilling
customer rights and ensuring that what the bank
promises to customers can be fulfilled. Transparency
of information regarding products and services is
needed to provide clarity to customers regarding
the benefits and risks inherent in the products and
services offered.
In every marketing of Bank products and services,
Customer Rights are a primary concern, which
include:
1. The right to receive an explanation from the Bank
regarding terms, phrases, and/or sentences that are
easy to understand regarding the Bank’s products
and services.
2. The right to obtain information regarding products
and services issued by the Bank as well as products
and services of other parties marketed through the
Bank.
3. The right to obtain information if there are changes,
additions, and/or reductions made to the product
features and services of the Bank or other parties
marketed through the Bank.
4. The right to have adequate information on the
characteristics of the products and services of the
Bank or other parties, especially regarding the
benefits, risks, and costs, as well as the calculation
of the profit sharing attached to these products and
services; and the right to know the guarantees for
the products and services offered by the Bank.
7.5 Public BSI has a whistleblowing system policy which refers to Comply
Companies have the BSI Corporate Governance Policy & Internal Audit
a whistleblowing SPO and has been uploaded on the BSI website (www.
system policy bankbsi.co.id)
7.6 Public BSI has a policy regarding long-term incentives Comply
Companies have provision to the Board of Directors, which is regulated
a policy regarding in the Remuneration & Nomination Committee
long-term incentives Guidelines and Work Rules and policies related to
provision to Board employee remuneration.
of Directors and
employees.
522 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Principle Recommendation Implementation in Bank Realization
Aspect 5: Information Disclosure
Principle 8: Improving 8.1 Public BSI always manages the Company's website as Comply
the Implementation of Companies make efficiently as possible to ensure that shareholders,
Information Disclosure use of information investors, and the general public have access to the
technology in a most up-to-date and accurate information. Aside from
broad manner, aside the website, BSI uses technology such as SMS Banking
from websites, and Mobile Banking. Social media such as Instagram,
as a medium Facebook, YouTube, and Twitter were also used as
for information media for information disclosure.
disclosure.
8.2 Public Company BSI has disclosed information regarding shareholders Comply
Annual Report who own 5% or more of the Company's shares in this
discloses the Annual Report.
ultimate beneficial
owner in Public
Company share
ownership of at
least 5% (five
percent), in addition
to disclosure
of the ultimate
beneficial owner
in Public Company
share ownership
through the main
and controlling
shareholders.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 523
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Insider Trading
Prevention Policy
PT Bank Syariah Indonesia Tbk is a Bank as a Public The prohibition of Insider Transactions includes the
Company that complies with all applicable laws and following matters:
regulations in the Capital Market sector. a. Purchasing or selling the Securities of the Company/
Bank; or Securities of other companies that conduct
The implementation of compliance with capital market transactions with the Company/Bank, as long as the
regulations is carried out by prioritizing the principles of Insider Information has not been published/not yet
fulfilling the Bank’s obligations by referring to applicable available to the public.
regulations and establishing a unit in the Corporate b. Influencing other parties to make purchases or sales
Secretary that is responsible for fulfilling compliance of the Securities of the Company/Bank; or providing
with the provisions of laws and regulations in the field Insider Information to any party who is reasonably
of capital markets with clear assignment of duties and suspected of being able to use such information
responsibilities. to make purchases or sales of the Securities of the
Company/Bank.
Insiders must apply the values of the Company/Bank c. Having a conflict of interest.
Code of Ethics, among others: d. Committing abuse of position/office.
a. Maintain that personal interests do not conflict e. Performing market manipulation.
with the interests of the Company/Bank; f. Conducting Short Selling or Margin Trading
b. Not to abuse his/her position and authority for activities.
personal or family interests; and
c. Not to commit disgraceful acts that may harm the
image of his/her profession and the image of the
Company/Bank in general.
524 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Transperancy in
Bad Governance Practices
Disclosure Description
Timeliness of publication of financial statements & annual reports
Date of the Annual Financial Statement publication January 30, 2024
The Company publishes Annual Financial Statements on time
as stipulated by regulations.
Date of the Annual Report publication April 25, 2024
The Company always publishes its Annual Report on time as
stipulated by regulations.
Independent auditor’s opinion on the company’s financial January 30, 2024
statements
Fair in all material respects, the financial position of the Bank
as of December 31, 2023, and the statements of profit or loss
and other comprehensive income, statements of reconciliation
of income and profit sharing, statements of sources and
distributions of zakat funds, and statements of sources and
uses of policy funds for the year then ended, in accordance with
Indonesian Financial Accounting Standards.
Has there been insider trading involving the Board of No
Directors/Board of Commissioners, management, and The company, including the Board of Commissioners/Board
employees in the last three years? of Directors, management, and employees, have never been
involved in insider trading cases in the last 3 (three) years.
Have there been any significant or material cases of non- No
compliance with laws, rules, and regulations relating to related The Company always complies with statutory provisions in
party transactions in the last three years? transactions with related parties.
Have there been violations of any law relating to labor/ No
employment/consumer/ bankruptcy /commercial/competition, The Company has never violated laws relating to labor/
or environmental matters? employment/consumer/bankruptcy/
commercial/competition or the environment
Does the company face sanctions from regulators for not No
making an announcement within the specified time period for a The Company always submits material information to
material event? regulators.
Does the company have a guilty verdict from the highest tax No
court regarding any tax matters during the last three years? The Company has never experienced any tax disputes or
problems in the last 3 (three) years.
Is there any evidence that the company did not comply with No
any listing rules and regulations during the last year other than The Company has complied with all regulations, including
disclosure rules? those outside the Annual Report disclosure provisions.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 525
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Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Statement of Implementation
of Good Governance Principles
The Board of Directors, Board of Commissioners, Sharia Supervisory Board and all employees of Bank Syariah
Indonesia declare that in carrying out business activities they always apply the principles of Good Corporate
Governance and there are no material violations of applicable laws and regulations and sharia principles. In addition,
Bank Syariah Indonesia is also committed to implementing GCG in line with the prevailing rules and regulations.
With full awareness, all Bank Syariah Indonesia personnel will take responsibility for implementing and complying
with this statement. Bank Syariah Indonesia believes that by applying the principles of good governance, the Bank can
achieve better organizational performance and have a positive impact on all stakeholders.
Muliaman D. Hadad Hery Gunardi
President Commissioner concurrently President Director
Independent Commissioner
526 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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07 SOCIAL AND ENVIRONMENT RESPONSIBILITY
Page 532
Performance Management Report Company Profile Management Discussion and Analysis
Highlights
Social and Environment
Responsibility Report
In accordance with the Circular Letter of the Financial Services
Authority (SEOJK) Number 16/SEOJK.04/2021 concerning the Form
and Content of the Annual Report of Issuers or Public Companies,
PT Bank Syariah Indonesia Tbk (“Bank”) submits a social and
environmental responsibility (CSR) report in a separate book. The
CSR report has referred to OJK Regulation (POJK) Number 51/
POJK.03/2017 concerning the Implementation of Sustainable Finance
for Financial Services Institutions, Issuers, and Public Companies.
What is shown in this section is the “Sustainability Overview” quoted
from the separate “Sustainability Report” book.
530 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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Economic Aspects
Rp
5.07 trillion Rp
240.3 trillion Rp
57.7 trillion
Net profit in 2023, up 19% from the Total funding Funding for environmentally sound business
previous year activities or 24% of total financing
21 million 99%
Total Customers BSI suppliers are domestic
suppliers
Environmental Aspects
5,155,191 KWh 100 %
LED lighting is used in all BSI offices
Total electrical energy
2,376.84 Kg
97,672 liter The total plastic bottle waste collected by Collection Point in the
Total fuel consumption collaboration program with PlasticPay, helped reduce the carbon
footprint by 9.26 million grams of CO2-eq.
4,385.65 Ton CO -eq 2
33,500
Total emissions from electricity and Total tree planting done in 2023 in various locations
fuel energy
Social Aspects
3.77 % 3,009
Employee turnover rate Assisted MSMEs
521,036 147,556
Total beneficiaries of BSI Maslahat consisting of145,962 individual
Training Participants
beneficiaries and 1,594 institutional beneficiaries
Rp 45.56 trillion Rp 187.57 billion
Distribution of financing funds to MSME Total disbursement to BSI Maslahat
players, or 19% of total financing beneficiaries
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 531
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08 FINANCIAL STATEMENTS
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PT BANK SYARIAH INDONESIA Tbk
LAPORAN KEUANGAN FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
Daftar Isi Table of Contents
Halaman/
Page
Laporan Auditor Independen Independent Auditors’ Report
Laporan Posisi Keuangan ........................................ 1-4 ...………..……..…. Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Komprehensif Statement of Profit or Loss
Lain ...................................................................... 5 ..................... and Other Comprehensive Income
Laporan Perubahan Ekuitas ....................................... 6 ............................. Statement of Changes in Equity
Laporan Arus Kas ....................................................... 7-8 .......................................... Statement of Cash Flows
Laporan Rekonsiliasi Pendapatan dan Bagi Statement of Reconciliation of Income
Hasil..................................................................... 9 .......................................... and Revenue Sharing
Laporan Sumber dan Penyaluran Statement of Sources and Distribution of
Dana Zakat .......................................................... 10 ......................................................... Zakat Funds
Laporan Sumber dan Penggunaan Dana Statement of Sources and Uses of
Kebajikan ........................................................... 11 ......................................... Qardhul Hasan Funds
Catatan atas Laporan Keuangan ............................... 12 - 150 ……….…………. Notes to the Financial Statements
****************************
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 543
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PT BANK SYARIAH INDONESIA Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022*)
ASET ASSETS
KAS 4 5,255,841 4,951,469 CASH
CURRENT ACCOUNTS AND
GIRO DAN PENEMPATAN PLACEMENTS WITH BANK
PADA BANK INDONESIA 5 32,440,778 31,778,458 INDONESIA
CURRENT ACCOUNTS AND
GIRO DAN PENEMPATAN PLACEMENTS WITH OTHER
PADA BANK LAIN 6, 44 BANKS
Pihak ketiga 2,219,233 2,340,977 Third parties
Pihak berelasi 105,240 150,515 Related parties
Jumlah giro dan penempatan Total current accounts and
pada bank lain 2,324,473 2,491,492 placements with other banks
Cadangan kerugian penurunan nilai (20,745) (15,575) Allowance for impairment losses
Bersih 2,303,728 2,475,917 Net
INVESTASI PADA INVESTMENTS IN
SURAT BERHARGA 7, 44 MARKETABLE SECURITIES
Pihak ketiga 25,738,013 9,343,718 Third parties
Pihak berelasi 45,563,513 48,508,187 Related parties
Jumlah investasi pada Total investments in
surat berharga 71,301,526 57,851,905 marketable securities
Cadangan kerugian penurunan nilai (132,506) (10,634) Allowance for impairment losses
Bersih 71,169,020 57,841,271 Net
TAGIHAN AKSEPTASI 8, 44 ACCEPTANCE RECEIVABLES
Pihak ketiga 244,074 374,791 Third parties
Pihak berelasi 187,154 106,612 Related parties
Jumlah tagihan akseptasi 431,228 481,403 Total acceptance receivables
Cadangan kerugian penurunan nilai (4,312) (4,814) Allowance for impairment losses
Bersih 426,916 476,589 Net
PIUTANG 9, 44 RECEIVABLES
Murabahah Murabahah
Pihak ketiga 136,391,384 124,648,183 Third parties
Pihak berelasi 111,712 225,173 Related parties
Jumlah murabahah 136,503,096 124,873,356 Total murabahah
Istishna Istishna
Pihak ketiga 30 132 Third parties
Ijarah Ijarah
Pihak ketiga 217,241 13,278 Third parties
Pihak berelasi 1,159 - Related parties
Jumlah ijarah 218,400 13,278 Total ijarah
Jumlah piutang 136,721,526 124,886,766 Total receivables
Cadangan kerugian penurunan nilai (4,361,368) (4,184,787) Allowance for impairment losses
Bersih 132,360,158 120,701,979 Net
PINJAMAN QARDH 10, 44 FUNDS OF QARDH
Pihak ketiga 9,468,085 8,000,432 Third parties
Pihak berelasi 1,838,996 1,701,177 Related parties
Jumlah pinjaman qardh 11,307,081 9,701,609 Total funds of qardh
Cadangan kerugian penurunan nilai (817,917) (834,596) Allowance for impairment losses
Bersih 10,489,164 8,867,013 Net
Dipindahkan 254,445,605 227,092,696 Carried forward
*) Direklasifikasi, lihat Catatan 54 *) Reclassified, see Note 54
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 1 - Page
544 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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PT BANK SYARIAH INDONESIA Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022*)
ASET (lanjutan) ASSETS (continued)
Pindahan 254,445,605 227,092,696 Brought forward
PEMBIAYAAN FINANCING
Mudharabah 11, 44 Mudharabah
Pihak ketiga 881,133 816,175 Third parties
Pihak berelasi 1,000,000 225,222 Related parties
Jumlah mudharabah 1,881,133 1,041,397 Total mudharabah
Cadangan kerugian penurunan nilai (49,481) (39,440) Allowance for impairment losses
Bersih 1,831,652 1,001,957 Net
Musyarakah 12, 44 Musyarakah
Pihak ketiga 63,452,727 48,707,593 Third parties
Pihak berelasi 24,763,470 21,882,918 Related parties
Jumlah musyarakah 88,216,197 70,590,511 Total musyarakah
Cadangan kerugian penurunan nilai (4,459,696) (4,139,565) Allowance for impairment losses
Bersih 83,756,501 66,450,946 Net
Jumlah pembiayaan 90,097,330 71,631,908 Total financing
Cadangan kerugian penurunan nilai (4,509,177) (4,179,005) Allowance for impairment losses
Bersih 85,588,153 67,452,903 Net
ASET YANG DIPEROLEH ASSETS ACQUIRED
UNTUK IJARAH - BERSIH 13 2,190,107 1,484,573 FOR IJARAH - NET
ASET TETAP DAN FIXED ASSETS AND
ASET HAK GUNA - BERSIH 14 5,352,843 5,396,010 RIGHT-OF-USE ASSETS - NET
ASET TIDAK BERWUJUD
- BERSIH 14 1,128,334 258,688 INTANGIBLE ASSETS - NET
ASET PAJAK TANGGUHAN 22c 1,665,694 1,675,103 DEFERRED TAX ASSETS
ASET LAIN-LAIN - BERSIH 15 3,253,388 2,367,465 OTHER ASSETS - NET
JUMLAH ASET 353,624,124 305,727,438 TOTAL ASSETS
*) Direklasifikasi, lihat Catatan 54 *) Reclassified, see Note 54
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 2 - Page
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PT BANK SYARIAH INDONESIA Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
LIABILITAS, DANA SYIRKAH LIABILITIES, TEMPORARY
TEMPORER DAN EKUITAS SYIRKAH FUNDS AND EQUITY
LIABILITAS LIABILITIES
OBLIGATIONS
LIABILITAS SEGERA 16, 44 DUE IMMEDIATELY
Pihak ketiga 1,144,847 885,175 Third parties
Pihak berelasi 171,220 124,327 Related parties
1,316,067 1,009,502
BAGI HASIL YANG BELUM UNDISTRIBUTED
DIBAGIKAN 17 255,932 192,775 REVENUE SHARING
SIMPANAN WADIAH WADIAH DEPOSITS
Giro wadiah 18, 44 Wadiah demand deposits
Pihak ketiga 18,023,665 19,387,696 Third parties
Pihak berelasi 2,823,859 2,410,156 Related parties
Jumlah giro wadiah 20,847,524 21,797,852 Total wadiah demand deposits
Tabungan wadiah 19, 44 Wadiah savings deposits
Pihak ketiga 47,016,211 44,201,658 Third parties
Pihak berelasi 10,163 12,747 Related parties
Jumlah tabungan wadiah 47,026,374 44,214,405 Total wadiah savings deposits
Jumlah simpanan wadiah 67,873,898 66,012,257 Total wadiah deposits
SIMPANAN DARI BANK LAIN 20, 44 DEPOSITS FROM OTHER BANKS
Giro wadiah Wadiah demand deposits
Pihak ketiga 123,984 140,089 Third parties
Pihak berelasi 1,353 2,299 Related parties
Jumlah giro wadiah 125,337 142,388 Total wadiah demand deposits
Tabungan wadiah Wadiah savings deposits
Pihak ketiga 7,788 1,309 Third parties
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) Investment Certificate (“SIMA”)
Pihak ketiga 1,401,191 1,475,000 Third parties
Pihak berelasi 226,985 600,000 Related parties
Jumlah Sertifikat Investasi Mudharabah Total Interbank Mudharabah
Antar Bank (“SIMA”) 1,628,176 2,075,000 Investment Certificate (“SIMA”)
Jumlah simpanan dari bank lain 1,761,301 2,218,697 Total deposits from other banks
LIABILITAS KEPADA LIABILITIES TO
BANK INDONESIA 21 11,900,055 - BANK INDONESIA
LIABILITAS AKSEPTASI 8, 44 ACCEPTANCE LIABILITIES
Pihak ketiga 287,323 401,061 Third parties
Pihak berelasi 143,905 80,342 Related parties
Jumlah liabilitas akseptasi 431,228 481,403 Total acceptance liabilities
UTANG PAJAK 22a 539,042 667,485 TAXES PAYABLE
LIABILITAS EMPLOYEE BENEFITS
IMBALAN KERJA 42, 44 667,264 689,018 LIABILITIES
ESTIMASI KERUGIAN ESTIMATED LOSSES ON
KOMITMEN DAN COMMITMENTS AND
KONTINJENSI 41d 32,017 28,873 CONTINGENCIES
LIABILITAS LAIN-LAIN 23 2,446,107 2,355,781 OTHER LIABILITIES
JUMLAH LIABILITAS 87,222,911 73,655,791 TOTAL LIABILITIES
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 3 - Page
546 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 549
PT BANK SYARIAH INDONESIA Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
LIABILITAS, DANA SYIRKAH LIABILITIES, TEMPORARY
TEMPORER DAN EKUITAS SYIRKAH FUNDS AND EQUITY
(lanjutan) (continued)
DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
Giro mudharabah 24, 44 Mudharabah demand deposits
Pihak ketiga 14,835,449 9,012,699 Third parties
Pihak berelasi 17,581,811 13,742,269 Related parties
Jumlah giro mudharabah 32,417,260 22,754,968 Total mudharabah demand deposits
Tabungan mudharabah 25, 44 Mudharabah savings deposits
Pihak ketiga 78,088,518 72,811,278 Third parties
Pihak berelasi 191,667 86,074 Related parties
Jumlah tabungan mudharabah 78,280,185 72,897,352 Total mudharabah savings deposits
Deposito mudharabah 26, 44 Mudharabah time deposits
Pihak ketiga 87,628,737 82,623,832 Third parties
Pihak berelasi 28,356,052 18,136,510 Related parties
Jumlah deposito mudharabah 115,984,789 100,760,342 Total mudharabah time deposits
Jumlah giro, tabungan dan deposito Total mudharabah demand deposits,
mudharabah 226,682,234 196,412,662 savings and time deposits
Sukuk mudharabah subordinasi 27, 44 Subordinated sukuk mudharabah
Pihak ketiga 175,000 775,000 Third parties
Pihak berelasi 25,000 600,000 Related parties
Jumlah sukuk Total subordinated
mudharabah subordinasi 200,000 1,375,000 sukuk mudharabah
Sukuk mudharabah muqayyadah 28 3,608 - Sukuk mudharabah muqayyadah
Pembiayaan berjangka mudharabah 29 776,250 778,375 Mudharabah term financing
JUMLAH DANA SYIRKAH TOTAL TEMPORARY
TEMPORER 227,662,092 198,566,037 SYIRKAH FUNDS
EKUITAS EQUITY
Modal saham - nilai nominal Share capital - Rp500 (full amount)
Rp500 (nilai penuh) per saham par value per share
Modal dasar - 80.000.000.000 Authorised share capital -
lembar saham 80,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid-up
penuh - 46.129.260.138 capital - 46,129,260,138
saham 30 23,064,630 23,064,630 shares
Tambahan modal disetor 30 (3,929,100) (3,929,100) Additional paid-in capital
Keuntungan revaluasi aset tetap 444,530 444,530 Gain on revaluation of fixed assets
Pengukuran kembali Remeasurement of
program imbalan pasti defined benefit plan
- setelah pajak 241,462 268,904 - net of tax
Keuntungan/(kerugian) yang
belum direalisasi atas surat
berharga dalam kelompok Unrealised gain/(loss) on
diukur pada nilai wajar securities measured at fair
melalui pendapatan value through other
komprehensif lain 6,154 (55,477) comprehensive income
Saldo laba Retained earnings
Telah ditentukan penggunaannya 2,236,713 1,384,677 Appropriated
Belum ditentukan penggunaannya 16,674,732 12,327,446 Unappropriated
JUMLAH EKUITAS 38,739,121 33,505,610 TOTAL EQUITY
JUMLAH LIABILITAS, DANA TOTAL LIABILITIES,
SYIRKAH TEMPORER DAN TEMPORARY SYIRKAH
EKUITAS 353,624,124 305,727,438 FUNDS AND EQUITY
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 4 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 547
Page 550
PT BANK SYARIAH INDONESIA Tbk
LAPORAN LABA RUGI STATEMENT OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
PENDAPATAN PENGELOLAAN INCOME FROM FUND
DANA SEBAGAI MUDHARIB MANAGEMENT AS MUDHARIB
Pendapatan dari jual beli 31 12,627,780 11,354,885 Income from sales and purchases
Pendapatan dari bagi hasil 32 5,940,486 4,864,264 Income from profit sharing
Pendapatan dari ijarah - bersih 33 155,446 122,221 Income from ijarah - net
Pendapatan usaha utama lainnya 34 3,528,031 3,281,495 Other main operating income
HAK PIHAK KETIGA ATAS THIRD PARTIES’ SHARE ON
BAGI HASIL 35 (5,993,168) (4,032,169) RETURN
HAK BAGI HASIL MILIK BANK 16,258,575 15,590,696 BANK’S SHARE IN PROFIT
PENDAPATAN USAHA LAINNYA 36 OTHER OPERATING INCOME
Fee based income from
Pendapatan imbalan jasa perbankan 3,112,884 2,687,208 banking services
Pendapatan lainnya 1,091,582 1,013,903 Other income
Jumlah pendapatan usaha lainnya 4,204,466 3,701,111 Total other operating income
BEBAN USAHA OPERATING EXPENSES
Gaji dan tunjangan 37 (5,035,215) (4,948,942) Salaries and benefits
Umum dan administrasi 38 (5,169,938) (4,856,436) General and administrative
Bonus wadiah (1,107) (11,180) Wadiah bonus
Lain-lain (42,944) (78,778) Others
(10,249,204) (9,895,336)
Beban cadangan kerugian Provision for impairment
penurunan nilai aset produktif losses on earning and
dan nonproduktif - bersih 39 (2,622,479) (3,748,797) non-earning assets - net
LABA USAHA 7,591,358 5,647,674 INCOME FROM OPERATION
PENDAPATAN NON-OPERATING
NONUSAHA - BERSIH (2,156) 8,534 INCOME - NET
LABA SEBELUM ZAKAT DAN INCOME BEFORE ZAKAT AND
BEBAN PAJAK 7,589,202 5,656,208 TAX EXPENSE
ZAKAT (189,730) (141,405) ZAKAT
BEBAN PAJAK 22b (1,695,729) (1,254,621) TAX EXPENSES
LABA BERSIH 5,703,743 4,260,182 NET INCOME
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE
LAIN INCOME
Pos-pos yang tidak akan Items that will not be reclassified
direklasifikasi ke laba rugi: to profit or loss:
Pengukuran kembali liabilitas Remeasurement of employee
imbalan kerja 42 (35,181) 164,914 benefit liabilities
Pajak penghasilan terkait 7,739 (36,281) Related income tax
Pos-pos yang akan Items that will be reclassified
direklasifikasi ke laba rugi: to profit or loss:
Keuntungan/(kerugian) yang belum
direalisasikan atas surat berharga Unrealised gain/(loss)
dalam kelompok diukur pada nilai on securities measured at
wajar melalui penghasilan fair value through other
komprehensif lain 61,631 (77,740) comprehensive income
Jumlah penghasilan komprehensif Total other comprehensive
lain bersih setelah pajak 34,189 50,893 income net of tax
TOTAL COMPREHENSIVE
JUMLAH LABA KOMPREHENSIF 5,737,932 4,311,075 INCOME
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
(nilai penuh) 40 123.65 102.54 (full amount)
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 5 - Page
548 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 551
PT BANK SYARIAH INDONESIA Tbk
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan/
(kerugian) yang
belum direalisasi atas
2023 ANNUAL REPORT
efek-efek yang diukur
Pengukuran pada nilai wajar
kembali melalui penghasilan
liabilitas imbalan komprehensif lain/
Modal saham Keuntungan kerja - setelah Unrealised
ditempatkan dan revaluasi pajak/ gains/(losses) on
disetor penuh/ Tambahan modal aset tetap/ Remeasurement marketable securities Saldo laba/Retained earnings
Issued and fully disetor/ Gain on of employee at fair value through Telah ditentukan Belum ditentukan
Catatan/ paid-up share Additional paid- revaluation benefit liabilities - other comprehensive penggunaannya/ penggunaannya/ Ekuitas/
Notes capital in capital of fixed assets net of tax income Appropriated Unappropriated Equity
Saldo per 1 Januari 2022 20,564,654 (6,366,776) 444,530 140,271 22,263 779,036 9,429,956 25,013,934 Balance as at 1 January 2022
Laba bersih - - - - - - 4,260,182 4,260,182 Net income
Penghasilan/(kerugian) komprehensif lain Other comprehensive income/(loss)
bersih setelah pajak - - - 128,633 (77,740) - - 50,893 net of tax
Penambahan modal saham 30 2,499,976 2,437,676 - - - - - 4,937,652 Additional share capital
Pembagian dividen - - - - - - (757,051) (757,051) Dividend payment
Penambahan cadangan umum - - - - - 605,641 (605,641) - Additional to general reserve
Saldo per 31 Desember 2022 23,064,630 (3,929,100) 444,530 268,904 (55,477) 1,384,677 12,327,446 33,505,610 Balance as at 31 December 2022
Dampak penerapan Impact of implementing
PSAK 107 (Revisi 2021) - - - - - - (78,403) (78,403) SFAS 107 (Revised 2021)
Saldo per 1 Januari 2023 Balance as at 1 January 2023
(setelah penerapan (after implementing
PSAK 107 (Revisi 2021)) 23,064,630 (3,929,100) 444,530 268,904 (55,477) 1,384,677 12,249,043 33,427,207 SFAS 107 (Revised 2021))
Laba bersih - - - - - - 5,703,743 5,703,743 Net income
Penghasilan komprehensif lain - - - (27,442) 61,631 - - 34,189 Other comprehensive income
Pembagian dividen - - - - - - (426,018) (426,018) Dividend payment
Penambahan cadangan umum - - - - - 852,036 (852,036) - Additional to general reserve
Saldo per 31 Desember 2023 23,064,630 (3,929,100) 444,530 241,462 6,154 2,236,713 16,674,732 38,739,121 Balance as at 31 December 2023
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan The accompanying notes to the financial statements form an integral part of these financial
secara keseluruhan. statements taken as a whole.
Halaman - 6 - Page
PT BANK SYARIAH INDONESIA Tbk
549
Page 552
PT BANK SYARIAH INDONESIA Tbk
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan jual beli, bagi hasil, Proceeds of margin, profit sharing,
ijarah dan usaha utama lainnya 22,356,599 19,343,529 ijarah and other main operating
Pembayaran bagi hasil dana Payment of profit sharing
syirkah temporer (5,930,162) (3,997,872) for temporary syirkah funds
Penerimaan dari pembiayaan 9, 10, 11, Receipts from recovery of financing
dan piutang yang dihapusbukukan 12, 36 1,703,364 1,377,882 and receivable written off
Penerimaan pendapatan usaha Receipt of other operating
lainnya 3,115,816 2,723,083 income
Pembayaran tantiem (91,574) (75,784) Payment tantiem
Pembayaran beban usaha (12,698,368) (11,781,973) Payment operating expenses
Penerimaan atas pendapatan Receipt from non-operating
nonusaha - bersih 25,571 24,903 income - net
Pembayaran pajak Payment of corporate
penghasilan badan (1,855,197) (1,446,720) income tax
Pembayaran zakat (205,881) (170,771) Payment of zakat
Distribution of qardhul
Penyaluran dana kebajikan (80,736) (108,831) hasan funds
Arus kas sebelum perubahan Cash flows before changes in
dalam aset dan liabilitas operasi 6,339,432 5,887,446 operating assets and liabilities
Perubahan dalam aset dan Changes in operating
liabilitas operasi: assets and liabilities:
(Kenaikan)/penurunan (Increase)/decrease in
aset operasi: operating assets:
Surat berharga Marketable securities
- diukur pada nilai wajar (3,972,560) 1,663,206 - measured at fair value
Surat berharga jangka
pendek lainnya (40,287) 45,529 Other short-term securities
Piutang (11,834,760) (23,099,277) Receivables
Pinjaman qardh (1,605,472) (282,378) Funds of qardh
Pembiayaan (18,465,422) (12,449,035) Financing
Tagihan akseptasi 50,175 (319,908) Acceptance receivables
Aset yang diperoleh untuk ijarah (705,535) (583,008) Assets acquired for ijarah
Aset lain-lain (2,886) (208,881) Other assets
Kenaikan/(penurunan) liabilitas Increase/(decrease) in
operasi: operating liabilities:
Liabilitas segera 322,716 430,314 Obligations due immediately
Simpanan dari nasabah 1,861,641 8,764,367 Deposits from customers
Simpanan dari bank lain (457,396) 2,102,759 Deposits from other banks
Liabilitas akseptasi (50,175) 319,908 Acceptance liabilities
Utang pajak 48,173 89,446 Taxes payable
Liabilitas lain-lain 283,819 126,051 Other liabilities
Kenaikan dana Increase in temporary
syirkah temporer 30,269,572 19,398,991 syirkah funds
Kas bersih dihasilkan dari Net cash generated by
aktivitas operasi 2,041,035 1,885,530 operating activities
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 7 - Page
550 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 553
PT BANK SYARIAH INDONESIA Tbk
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022*)
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penjualan/pelepasan investasi Sale/disposal of investment
pada surat berharga 111,080,068 464,041,150 in marketable securities
Perolehan surat berharga (120,672,073) (456,004,645) Acquisition of marketable securities
Hasil penjualan aset tetap 5,521 - Proceeds from sale of fixed assets
Perolehan aset tetap 14 (826,243) (1,897,082) Acquisition of fixed assets
Perolehan aset tidak berwujud 14 (991,632) (144,715) Acquisition of intangible assets
Kas bersih (digunakan untuk)/ Net cash (used in)/provided by
diperoleh dari aktivitas investasi (11,404,359) 5,994,708 investing activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Pembayaran liabilitas sewa (134,742) (124,192) Payments of lease liabilities
Pembayaran dividen (426,018) (757,051) Payments of dividend
Pembayaran pembiayaan Payments of mudharabah
berjangka mudharabah (781,307) - term financing
Penerimaan pembiayaan Receipts from mudharabah
berjangka mudharabah 776,250 742,500 term financing
Hasil penerbitan Proceeds from issuance
saham baru 30 - 4,999,952 of new shares
Pelunasan surat berharga
yang diterbitkan (1,375,000) - Payments of securities issued
Surat berharga yang diterbitkan 203,759 - Securities Issued
Liabilitas kepada Bank Indonesia 11,900,055 - Liabilities from Bank indonesia
Biaya emisi penerbitan saham 30 - (62,300) Share issuance costs
Kas bersih diperoleh dari Net cash provided by
aktivitas pendanaan 10,162,997 4,798,909 financing activities
KENAIKAN BERSIH NET INCREASE IN CASH
KAS DAN SETARA KAS 799,673 12,679,147 AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AWAL AT THE BEGINNING OF
TAHUN 39,221,419 26,542,272 THE YEAR
KAS DAN SETARA KAS AKHIR CASH AND CASH EQUIVALENTS
TAHUN 40,021,092 39,221,419 AT THE END OF THE YEAR
Kas dan setara kas akhir Cash and cash equivalents at
tahun terdiri dari: the end of the year consist of:
Kas 4 5,255,841 4,951,469 Cash
Giro dan penempatan Current accounts and placements
pada Bank Indonesia 5 32,440,778 31,778,458 with Bank Indonesia
Giro dan penempatan Current accounts and
pada bank lain 6 2,324,473 2,491,492 placements with other banks
JUMLAH 40,021,092 39,221,419 TOTAL
*) Direklasifikasi, lihat Catatan 54 *) Reclassified, see Note 54
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 8 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 551
Page 554
PT BANK SYARIAH INDONESIA Tbk
LAPORAN REKONSILIASI PENDAPATAN STATEMENT OF RECONCILIATION OF INCOME
DAN BAGI HASIL AND REVENUE SHARING
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
Pendapatan pengelolaan dana 31, 32, Revenue from fund management
sebagai mudharib 33, 34 22,251,743 19,622,865 as mudharib
Pengurangan Deduction
Pendapatan tahun berjalan Current year income in which
yang kas atau setara kasnya its cash and cash equivalents
belum diterima: have not been received:
Pendapatan dari jual beli (623,425) (588,556) Income from sales and purchase
Pendapatan bagi hasil (44,429) (25,972) Income from profit sharing
Income from amortisation of
differences between
Pendapatan amortisasi dari selisih acquisition cost and nominal
nilai perolehan surat berharga amounts for investments in
dibanding nilai nominal (104,229) (43,778) marketable securities
Pendapatan dari ijarah - bersih (29,685) (20,093) Income from Ijarah - net
Pendapatan usaha utama lainnya (889,375) (898,140) Other main operating income
(1,691,143) (1,576,539)
Penambahan Addition
Pendapatan tahun sebelumnya Previous year income in which
yang kas atau setara kasnya its cash and cash equivalent
diterima pada tahun berjalan: were received during current year:
Pendapatan dari jual beli 588,556 493,885 Income from sales and purchase
Pendapatan bagi hasil 25,972 16,043 Income from profit sharing
Income from amortisation
of differences between
Pendapatan amortisasi dari selisih acquisition cost and nominal
nilai perolehan surat berharga amounts for investments
dibanding nilai nominal 43,778 242,077 in marketable securities
Pendapatan dari ijarah - bersih 20,093 11,806 Income from Ijarah - net
Pendapatan usaha utama lainnya 898,140 665,978 Other main operating income
1,576,539 1,429,789
Pendapatan yang tersedia untuk Available income for
bagi hasil 22,137,139 19,476,115 profit sharing
Hak bagi hasil milik Bank (16,143,971) (15,443,946) Bank’s share in profit sharing
Hak pihak ketiga atas bagi hasil 35 5,993,168 4,032,169 Third parties’ share on return
Dirinci atas: Details to:
Hak pemilik dana atas bagi hasil Fund owners’ share on
yang sudah didistribusikan 5,737,236 3,839,394 distributed profit sharing
Hak pemilik dana atas bagi hasil Fund owners’ share on
yang belum didistribusikan 17 255,932 192,775 undistributed profit sharing
Jumlah 5,993,168 4,032,169 Total
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 9 - Page
552 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 555
PT BANK SYARIAH INDONESIA Tbk
LAPORAN SUMBER DAN STATEMENT OF SOURCES
PENYALURAN DANA ZAKAT AND DISTRIBUTION OF ZAKAT FUNDS
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
Sumber dana zakat Sources of zakat funds
Internal bank 189,730 141,405 Internal bank
Eksternal bank External bank
Pegawai 33,041 31,661 Employees
Nasabah dan umum 34,731 38,656 Customers and public
257,502 211,722
Penyaluran dana zakat Distribution of zakat funds
Disalurkan ke lembaga lain (205,881) (170,771) Distributed to other institutions
Penurunan dana zakat 51,621 40,951 Decrease in zakat funds
Saldo awal dana zakat 145,153 104,202 Beginning balance of zakat funds
Saldo akhir dana zakat 16 196,774 145,153 Ending balance of zakat funds
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 10 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 553
Page 556
PT BANK SYARIAH INDONESIA Tbk
LAPORAN SUMBER DAN STATEMENT OF SOURCES
PENGGUNAAN DANA KEBAJIKAN AND USES OF QARDHUL HASAN FUNDS
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2023 2022
Sumber dana kebajikan Sources of qardhul hasan funds
Infaq dan shadaqah 63,947 73,857 Infaq and shadaqah
Denda 17,915 12,877 Penalty
Pendapatan nonhalal 1,733 3,168 Non-halal income
83,595 89,902
Penggunaan dana kebajikan Uses of qardhul hasan funds
Sumbangan (80,736) (108,831) Donation
Kenaikan/(penurunan) Increase/(decrease)
dana kebajikan 2,859 (18,929) qardhul hasan funds
Beginning balance of qardhul
Saldo awal dana kebajikan 7,048 25,977 hasan funds
Ending balance of qardhul
Saldo akhir dana kebajikan 23 9,907 7,048 hasan funds
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.
Halaman - 11 - Page
554 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 557
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian Bank dan informasi umum a. Bank establishment and general
information
PT Bank BRIsyariah Tbk (“Bank”) PT Bank BRIsyariah Tbk (the “Bank”) is
berkedudukan di Jakarta, Indonesia, awalnya located in Jakarta, Indonesia, and initially
didirikan dengan nama PT Bank Jasa Arta established under the name of PT Bank Jasa
(“BJA”) berdasarkan Akta Pendirian No. 4 Arta (“BJA”) based on the Deed of
tanggal 3 April 1969 yang dibuat di hadapan Establishment No. 4 dated 3 April 1969 made
Liem Toeng Kie, S.H., notaris di Jakarta. before Liem Toeng Kie, S.H., notary in
Jakarta.
BJA berubah nama menjadi PT Bank Syariah BJA changed its name to PT Bank Syariah
BRI (“BSBRI”) berdasarkan Pernyataan BRI (“BSBRI”) based on Shareholders’
Keputusan Persetujuan Pemegang Saham, Decision Statement, as stated in the Deed No.
sesuai dengan Akta No. 45 tanggal 22 April 45 dated 22 April 2008 of Fathiah Helmi, S.H.,
2008 yang dibuat di hadapan Fathiah Helmi, notary in Jakarta and obtained a license from
S.H., notaris di Jakarta dan memperoleh izin Bank Indonesia to change its business
perubahan kegiatan usaha bank, dari activities, from a conventional bank into a
konvensional menjadi bank umum yang commercial bank based on sharia principles
melaksanakan kegiatan usaha berdasarkan effective from 16 October 2008. In 2009,
prinsip syariah dari Bank Indonesia efektif BSBRI changed its name to PT Bank
sejak tanggal 16 Oktober 2008. Pada tahun BRISyariah based on Shareholders’ Decision
2009, BSBRI melakukan perubahan nama Statement, as stated in Notarial Deed No. 18
menjadi PT Bank BRISyariah sesuai dengan dated 14 April 2009 made before Fathiah
Akta Keputusan Persetujuan Pemegang Helmi, S.H., notary in Jakarta.
Saham BSBRI No. 18 tanggal 14 April 2009
dibuat di hadapan Fathiah Helmi, S.H., notaris
di Jakarta.
PT Bank BRISyariah berubah nama menjadi PT Bank BRISyariah changed its name to
PT Bank BRIsyariah Tbk sesuai persetujuan PT Bank BRIsyariah Tbk as approved,
Menteri Hukum dan Hak Asasi Manusia accepted and recorded by the Ministry of Laws
Republik Indonesia No. AHU-0000386. and Human Rights of the Republic of
AH.01.02 Tahun 2018 tanggal 10 Januari Indonesia No. AHU-0000386.AH.01.02 Year
2018. 2018 dated 10 January 2018.
Pada bulan Januari 2021, telah terjadi In January 2021, there was a merger of
penggabungan antara PT Bank BRIsyariah PT Bank BRIsyariah Tbk with PT Bank
Tbk dengan PT Bank Syariah Mandiri dan Syariah Mandiri and PT Bank BNI Syariah.
PT Bank BNI Syariah. Penggabungan ini telah The merger has received approval from
mendapatkan persetujuan Otoritas Jasa Financial Services Authority (“OJK”) of Capital
Keuangan (“OJK”) Pasar Modal melalui surat Market through its letter No. S-289/D.04/2020
No. S-289/D.04/2020 tanggal 11 Desember dated 11 December 2020 and OJK Board of
2020 dan Dewan Komisaris OJK Nomor Commissioners Number 4/KDK.03/2021 dated
4/KDK.03/2021 tanggal 27 Januari 2021 27 January 2021 concerning the Granting of
tentang Pemberian Izin Penggabungan Permit to Merge PT Bank Syariah Mandiri and
PT Bank Syariah Mandiri dan PT Bank BNI PT Bank BNI Syariah into PT Bank BRIsyariah
Syariah ke dalam PT Bank BRIsyariah Tbk Tbk and a Name Change Permit Using a
serta Izin Perubahan Nama dengan Business License from PT Bank BRIsyariah
Menggunakan Izin Usaha PT Bank BRIsyariah Tbk to become a Business License on behalf
Tbk menjadi Izin Usaha atas nama PT Bank of PT Bank Syariah Indonesia Tbk as the
Syariah Indonesia Tbk sebagai Bank Hasil Merged Bank.
Penggabungan.
Halaman - 12 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 555
Page 558
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Bank dan informasi umum a. Bank establishment and general
(lanjutan) information (continued)
Pada bulan Juni 2022, terjadi perubahan In June 2022, there was change in the shares
klasifikasi saham pada anggaran dasar sesuai classification in the Articles of Association as
Akta Pernyataan Keputusan Rapat Perubahan stated in the Deed of Statement of Meeting
Anggaran Dasar PT Bank Syariah Indonesia Resolutions on the Amendments to the Articles
Tbk No.146 tanggal 24 Juni 2022 yang dibuat of Association of PT Bank Syariah Indonesia
di hadapan Notaris Jose Dima Satria, S.H., Tbk No.146 dated 24 June 2022 made before
M.Kn., notaris di Jakarta sehubungan dengan: Notary Jose Dima Satria, S.H., M.Kn., notary
in Jakarta, in connection with:
- Penerapan klasifikasi saham pada Bank - The implementation of the classification of
menjadi saham Seri A Dwiwarna yang shares in the Bank into Series A Dwiwarna
merupakan saham dengan hak istimewa dan share which is share with special rights
saham biasa Seri B yang merupakan saham and Series B common share which is
biasa atas nama. ordinary share.
- Reklasifikasi 1 (satu) saham milik Negara - Reclassification of 1 (one) share owned
Republik Indonesia dalam Bank menjadi 1 by the Republic of Indonesia in the Bank
(satu) saham Seri A Dwiwarna dan seluruh into 1 (one) Series A Dwiwarna share and
saham yang dimiliki pemegang saham lain all shares owned by other shareholders
menjadi saham biasa Seri B. into Series B common shares.
Perubahan ini diterima dan dicatat oleh This change was accepted and recorded by
Menteri Hukum dan Hak Asasi Manusia the Minister of Law and Human Rights of the
Republik Indonesia No. AHU-AH.01.03- Republic of Indonesia No. AHU-AH.01.03-
0269107 tanggal 22 Juli 2022. 0269107 dated 22 July 2022.
Perubahan Anggaran Dasar Bank terakhir The latest amendment to the Bank's Articles of
terkait penambahan modal disetor dituangkan Association in relation to the additional paid-up
dalam Akta Pernyataan Keputusan Rapat capital was stated in the Deed of Statement of
Perubahan Anggaran Dasar PT Bank Syariah Meeting Resolutions on Amendment to the
Indonesia Tbk No. 191 tanggal 29 Desember Articles of Association of PT Bank Syariah
2022 yang dibuat dihadapan Muhammad Indonesia Tbk No. 191 dated 29 December
Muazzir S.H., M.Kn., sebagai Notaris 2022 made before Muhammad Muazzir S.H.,
Pengganti dari Notaris Jose Dima Satria, S.H., M.Kn., as Substitute Notary of Notary Jose
M.Kn., notaris di Jakarta. Perubahan ini Dima Satria, S.H., M.Kn., notary in Jakarta.
diterima dan dicatat oleh Menteri Hukum dan This change was accepted and recorded by
Hak Asasi Manusia Republik the Minister of Law and Human Rights of the
Indonesia No. AHU-AH.01.03-0497431 tanggal Republic of Indonesia No. AHU-AH.01.03-
29 Desember 2022. 0497431 dated 29 December 2022.
Berdasarkan pasal 3 Anggaran Dasar Bank According to Article 3 of the Bank’s latest
yang terakhir, ruang lingkup kegiatan Bank Articles of Association, the Bank’s scope of
adalah menyelenggarakan usaha perbankan business is to conduct banking activities based
dengan prinsip Syariah. on Sharia principles.
Kantor pusat Bank berlokasi di The Bank’s head office is located in The Tower
Gedung The Tower, Jalan Gatot Subroto No. Building, Gatot Subroto Street No. 27, Karet
27, Kel. Karet Semanggi, Kec. Setiabudi, Semanggi Village, Setiabudi District, South
Jakarta Selatan 12930. Jakarta 12930.
Pada tanggal 31 Desember 2023 dan 2022, As at 31 December 2023 and 2022, the Bank
Bank memiliki jaringan unit kerja dengan has business unit network with details as
rincian sebagai berikut (tidak diaudit): follows (unaudited):
2023 2022
Kantor Cabang 153 153 Branch Offices
Kantor Cabang Pembantu 886 1,019 Sub-Branch Offices
Layanan Syariah Bank Umum 3,065 3,065 Commercial Bank Sharia Services
Kantor Cabang Luar Negeri 1 - Overseas Branch Office
Kantor Fungsional 91 96 Functional Office
Halaman - 13 - Page
556 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 559
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Struktur dan manajemen b. Structure and management
Susunan Dewan Komisaris pada tanggal The composition of the Board of
31 Desember 2023 berdasarkan Akta Commissioners as at 31 Desember 2023
Pernyataan Keputusan Rapat Umum based on the Deed of Statement of Annual
Pemegang Saham Tahunan PT Bank Syariah General Meeting of Shareholders PT Bank
Indonesia Tbk No. 2 tanggal 4 Oktober 2023 Syariah Indonesia Tbk No. 2 dated 4 October
yang dibuat di hadapan Notaris Ashoya Ratam, 2023 made before the Notary Ashoya Ratam,
S.H., M.Kn., notaris di Jakarta, adalah sebagai S.H., M.Kn., notary in Jakarta, is as follows:
berikut:
31 Desember/December 2023
Dewan Komisaris Board of Commissioners
Komisaris Utama/ President Commissioner/
Komisaris Independen Muliaman D. Hadad1) Independent Commissioner
Wakil Komisaris Utama/ Vice President Commissioner/
Komisaris Independen Adiwarman Azwar Karim2) Independent Commissioner
Komisaris Suyanto Commissioner
Komisaris Masduki Baidlowi Commissioner
Komisaris Imam Budi Sarjito Commissioner
Komisaris Sutanto Commissioner
Komisaris Abu Rokhmad1) Commissioner
Komisaris Independen M. Arief Rosyid Hasan3) Independent Commissioner
Komisaris Independen Komaruddin Hidayat Independent Commissioner
Komisaris Independen Mohamad Nasir4) Independent Commissioner
1) Diangkat dalam Rapat Umum Pemegang Saham (“RUPS”) Tahunan Bank tanggal 22 Mei 1) Appointed at the Bank's Annual General Meeting of Shareholders (“GMS”) on 22 May 2023 and
2023 dan telah mendapatkan persetujuan Otoritas Jasa Keuangan (“OJK”) sesuai dengan has received approval from the Financial Services Authority (“OJK”) in accordance with the
Surat Keputusan Dewan Komisioner Otoritas Jasa Keuangan No. KEPR-119/D.03/2023 Decree of the Board of Commissioners of the Financial Services Authority No. KEPR-
tanggal 21 September 2023 dan No. KEPR-120/D.03/2023 tanggal 21 September 2023. 119/D.03/2023 dated 21 September 2023 and No. KEPR-120/D.03/2023 dated 21 September
2023.
2) Diangkat dalam RUPS Tahunan Bank tanggal 22 Mei 2023. 2) Appointed at the Bank's Annual GMS on 22 May 2023.
3) Telah mengajukan pengunduran diri sebagai Komisaris Independen tanggal 3) Has submitted a resignation as Independent Commissioner on 6 November 2023.
6 November 2023.
4) Telah mendapatkan persetujuan OJK sesuai Surat Keputusan Dewan Komisioner OJK 4) Has obtained OJK approval in accordance with OJK Board of Commissioners Decree No. KEP-
No. KEP-3/D.03/2023 tanggal 3 Januari 2023. 3/D.03/2023 dated 3 January 2023.
Susunan Dewan Komisaris pada tanggal The composition of the Board of
31 Desember 2022 berdasarkan Akta Commissioners as at 31 December 2022
Pernyataan Keputusan Rapat Umum based on the Deed of Statement of
Pemegang Saham Luar Biasa PT Bank Syariah Extraordinary Shareholders General Meeting
Indonesia Tbk No. 140 tanggal 23 September PT Bank Syariah Indonesia Tbk No. 140 dated
2022 yang dibuat di hadapan Notaris Jose 23 September 2022 made before the Notary
Dima Satria, S.H., M.Kn., notaris di Jakarta, Jose Dima Satria, S.H., M.Kn., notary in
adalah sebagai berikut: Jakarta, is as follows:
31 Desember/December 2022
Dewan Komisaris Board of Commissioners
Komisaris Utama/ President Commissioner/
Komisaris Independen Adiwarman Azwar Karim Independent Commissioner
Komisaris Suyanto Commissioner
Komisaris Masduki Baidlowi Commissioner
Komisaris Imam Budi Sarjito Commissioner
Komisaris Sutanto Commissioner
Komisaris Nizar Ali1) Commissioner
Komisaris Independen M. Arief Rosyid Hasan Independent Commissioner
Komisaris Independen Komaruddin Hidayat Independent Commissioner
Komisaris Independen Mohamad Nasir1) Independent Commissioner
1) Efektif setelah mendapatkan persetujuan dari OJK atas penilaian kemampuan dan kepatutan 1) Effective after obtaining approval from OJK for a fit and proper test.
(fit and proper test).
Halaman - 14 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 557
Page 560
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Struktur dan manajemen (lanjutan) b. Structure and management (continued)
Susunan Direksi Bank pada tanggal The composition of the Board of Directors of the
31 Desember 2023 berdasarkan Akta Bank as at 31 Desember 2023 based on the
Pernyataan Keputusan Rapat Umum Deed of Statement of Resolutions of the Annual
Pemegang Saham Tahunan PT Bank Syariah General Meeting of Shareholders of PT Bank
Indonesia Tbk No. 2 tanggal 4 Oktober 2023 Syariah Indonesia Tbk No. 2 dated 4 October
yang dibuat di hadapan Notaris Ashoya 2023 made before the Notary Ashoya Ratam,
Ratam, S.H., M.Kn., notaris di Jakarta, adalah S.H., M.Kn., notary in Jakarta, is as follows:
sebagai berikut:
31 Desember/December 2023
Direksi Board of Directors
Direktur Utama Hery Gunardi President Director
Wakil Direktur Utama Bob Tyasika Ananta Vice President Director
Direktur Ngatari Director
Direktur Zaidan Novari1) Director
Direktur Anton Sukarna Director
Direktur Saladin D. Effendi2) Director
Direktur Grandhis Helmi Harumansyah2) Director
Direktur Kepatuhan Tribuana Tunggadewi Compliance Director
Direktur Ade Cahyo Nugroho Director
Direktur Moh. Adib Director
1) Telah mendapatkan persetujuan OJK sesuai Surat Keputusan Dewan Komisioner OJK 1) Has obtained OJK approval in accordance with OJK Board of Commissioners Decree No. KEP-
No. KEP-12/D.03/2023 tanggal 26 Januari 2023. 12/D.03/2023 dated 26 Januari 2023.
2) Diangkat dalam RUPS Tahunan Bank tanggal 22 Mei 2023 dan telah mendapatkan 2) Appointed at the Bank's Annual GMS on 22 May 2023 and has received approval from the OJK
persetujuan OJK sesuai dengan Surat Keputusan Dewan Komisioner OJK No. KEPR- in accordance with the Decree of the Board of Commissioners of the OJK No. KEPR-
121/D.03/2023 tanggal 21 September 2023 dan No. KEPR-122/D.03/2023 tanggal 21 121/D.03/2023 dated 21 September 2023 and No. KEPR-122/D.03 /2023 dated 21 September
September 2023 2023.
Susunan Direksi Bank pada tanggal The composition of the Board of Directors of the
31 Desember 2022 berdasarkan Akta Bank as at 31 December 2022 based on the
Pernyataan Keputusan Rapat Umum Deed of Statement of Resolutions of the Annual
Pemegang Saham Luar Biasa PT Bank General Meeting of Shareholders of PT Bank
Syariah Indonesia Tbk No. 140 tanggal 23 Syariah Indonesia Tbk No. 140 dated 23
September 2022 yang dibuat di hadapan September 2022 made before Notary Jose
Notaris Jose Dima Satria, S.H., M.Kn., notaris Dima Satria, S.H., M.Kn., notary in Jakarta, is
di Jakarta, adalah sebagai berikut: as follows:
31 Desember/December 2022
Direksi Board of Directors
Direktur Utama Hery Gunardi President Director
Wakil Direktur Utama Bob Tyasika Ananta1) Vice President Director
Direktur Ngatari Director
Direktur Zaidan Novari2) Director
Direktur Anton Sukarna Director
Direktur Achmad Syafii Director
Direktur Tiwul Widyastuti Director
Direktur Kepatuhan Tribuana Tunggadewi Compliance Director
Direktur Ade Cahyo Nugroho Director
Direktur Moh. Adib1) Director
1) Telah mendapatkan persetujuan sesuai Surat Keputusan Dewan Komisioner OJK No. 1) Has obtained approval in accordance with the Decrees of the Board of Commissioners of the
145/D.03/2022 dan No. 146/D.03/2022 tanggal 22 September 2022. OJK No. 145/D.03/2022 and No. 146/D.03/2022 dated 22 September 2022.
2) Efektif setelah mendapatkan persetujuan dari OJK atas penilaian kemampuan dan 2) Effective after obtaining approval from OJK for a fit and proper test.
kepatutan (fit and proper test).
Halaman - 15 - Page
558 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 561
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Struktur dan manajemen (lanjutan) b. Structure and management (continued)
Susunan Dewan Pengawas Syariah Bank The composition of the Bank's Sharia
pada tanggal 31 Desember 2023 dan 2022 Supervisory Board as at 31 December 2023
berdasarkan Akta Pernyataan Keputusan and 2022 based on the Deed of Decision of
Rapat Umum Pemegang Saham Tahunan the Annual General Meeting of Shareholders
PT Bank Syariah Indonesia Tbk No. 42 of PT Bank Syariah Indonesia Tbk No. 42
tanggal 31 Mei 2021 yang dibuat di hadapan dated 31 May 2021 which was made before
Notaris Ashoya Ratam, S.H., M.Kn., notaris di the Notary Ashoya Ratam, S.H., M.Kn.,
Jakarta, adalah sebagai berikut: notary in Jakarta, is as follows:
31 Desember/December
2023 dan/and 2022
Dewan Pengawas Syariah Sharia Supervisory Board
Ketua Hasanudin Chairman
Anggota Mohamad Hidayat Member
Anggota Oni Sahroni Member
Anggota Didin Hafidhuddin Member
Susunan Komite Audit Bank pada tanggal The composition of the Bank's Audit
31 Desember 2023 berdasarkan Surat Committee as at 31 December 2023 based
Keputusan Direksi No. Kep: 03/267-KEP/DIR on the Decree of the Board of Directors No.
tanggal 13 Juli 2023 dan Surat Dewan Kep: 03/267-KEP/DIR dated 13 July 2023
Komisaris No. 03/025-3/KOM tanggal 6 Juli and the Letter of the Board of Commissioners
2023 adalah sebagai berikut: No. 03/025-3/KOM dated 6 July 2023 as
follows:
31 Desember/December 2023
Komite Audit Audit Committee
Ketua Mohamad Nasir1) Chairman
Anggota Muliaman D. Hadad2) Member
Anggota Adiwarman Azwar Karim Member
Anggota M. Arief Rosyid Hasan3) Member
Anggota Komaruddin Hidayat Member
Anggota M. Zacky Thayib Member
Anggota M. Gunawan Yasni Member
1) Telah mendapat persetujuan OJK sebagai Komisaris Independen sesuai Surat Keputusan 1) Has received OJK approval as the Independent Commissioner in accordance with OJK Board
Dewan Komisioner OJK No. KEP-3/D.03/2023 tanggal 3 Januari 2023. of Commissioners Decree No. KEP-3/D.03/2023 dated 3 January 2023.
2) Telah mendapat persetujuan OJK sebagai Komisaris Independen sesuai Surat Keputusan 2) Has received OJK approval as the Independent Commissioner in accordance with OJK Board
Dewan Komisioner OJK No. KEPR-119/D.03/2023 tanggal 21 September 2023. of Commissioners Decree No. KEPR-119/D.03/2023 dated 21 September 2023.
3) Telah mengajukan pengunduran diri sebagai Komisaris Independen tanggal 3) Has submitted a resignation as Independent Commissioner on 6 November 2023.
6 November 2023.
Susunan Komite Audit Bank pada tanggal The composition of the Bank's Audit
31 Desember 2022 berdasarkan Surat Committee as at 31 December 2022 based on
Keputusan Direksi No. Kep: 02/351-KEP/DIR the Decree of the Board of Directors No. Kep:
tanggal 19 Oktober 2022 dan Surat Dewan 02/351-KEP/DIR dated 19 October 2022 and
Komisaris No. 02/050-3/KOM tanggal 19 the Letter of the Board of Commissioners No.
Oktober 2022 adalah sebagai berikut: 02/050-3/KOM dated 19 October 2022 as
follows:
31 Desember/December 2022
Komite Audit Audit Committee
Ketua Komaruddin Hidayat Chairman
Anggota Adiwarman Azwar Karim Member
Anggota M. Arief Rosyid Hasan Member
Anggota Mohamad Nasir1) Member
Anggota M. Zacky Thayib Member
Anggota M. Gunawan Yasni Member
1) Efektif setelah mendapatkan persetujuan dari OJK atas penilaian kemampuan dan kepatutan 1) Effective after obtaining approval from OJK for a fit and proper test.
(fit and proper test).
Halaman - 16 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 559
Page 562
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Struktur dan manajemen (lanjutan) b. Structure and management (continued)
Pada tanggal 31 Desember 2023 dan 2022, On 31 December 2023 and 2022, Corporate
Sekretaris Perusahaan Bank adalah Gunawan Secretary of the Bank is Gunawan Arief
Arief Hartoyo. Hartoyo.
Berdasarkan kebijakan Bank, manajemen Based on the Bank’s policies, key
kunci Bank mencakup anggota Dewan management of the Bank consists of members
Komisaris dan Direksi. of the Board of Commissioners and Board of
Directors.
Gaji dan kompensasi lainnya yang dibayarkan Salaries and other compensation paid to the
kepada Dewan Komisaris dan Direksi untuk Board of Commissioners and the Board of
tahun yang berakhir pada 31 Desember 2023 Directors for the year ended 31 December
dan 2022 sebesar Rp134.912 dan Rp100.303. 2023 and 2022 are Rp134,912 and
Rp100,303.
Jumlah karyawan tetap Bank pada tanggal As at 31 December 2023 and 2022, the Bank
31 Desember 2023 dan 2022 adalah sebesar has 17,245 and 17,636 employees,
17.245 dan 17.636 orang (tidak diaudit). respectively (unaudited).
c. Penawaran Umum Perdana Saham c. Initial Public Offering (IPO)
Pada bulan Mei 2018, Bank melakukan In May 2018, the Bank undertook the initial
penawaran umum perdana saham meliputi public offering of PT Bank BRIsyariah Tbk
2.623.350.600 lembar saham baru dengan shares included 2,623,350,600 new shares
nilai nominal Rp500 (nilai penuh) per lembar with a nominal value of Rp500 (full amount)
saham dengan harga jual Rp510 (nilai penuh) per share at a selling price of Rp510 (full
per lembar saham kepada masyarakat di amount) per share to the public in Indonesia.
Indonesia. Saham yang ditawarkan tersebut The offered shares began to be listed and
mulai dicatatkan dan diperdagangkan di Bursa traded on the Indonesia Stock Exchange on 9
Efek Indonesia pada tanggal 9 Mei 2018. May 2018.
d. Penawaran Umum Saham Terbatas d. Limited Public Offering
Pada bulan Desember 2022, Bank In December 2022, the Bank increased
meningkatkan modal ditempatkan dan disetor additional paid-in capital through Right Issue
melalui Penambahan Modal dengan Hak with Pre-Emptive Rights I (”PMHMETD” I), in
Memesan Efek Terlebih Dahulu I (”PMHMETD” accordance with the results of the
I), sesuai hasil keputusan Rapat Umum Extraordinary General Meeting of Shareholder
Pemegang Saham Luar Biasa (”RUPSLB”) (“EGMS”) dated 23 September 2022. From
tanggal 23 September 2022. Dari PMHMETD I, PMHMETD I, the Bank has increased its share
Bank telah meningkatkan jumlah modal capital by 4,999,952,795 Series B shares (full
sahamnya sebanyak 4.999.952.795 lembar amount) with a nominal value of Rp500 per
saham Seri B (nilai penuh) dengan nilai share (full amount), from Rp20,564,654 to
nominal per lembar saham Rp500 (nilai Rp23,064,630, as stated in Notarial Deed No.
penuh), dari Rp20.564.654 menjadi 191 dated 29 December 2022 of Notary Jose
Rp23.064.630, sebagaimana tercantum pada Dima Satria, S.H., M.Kn., in Jakarta.
Akta no. 191 tanggal 29 Desember 2022,
Notaris Jose Dima Satria, S.H., M.Kn., di
Jakarta.
Halaman - 17 - Page
560 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 563
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
POLICIES
Laporan keuangan Bank diselesaikan dan diotorisasi The financial statements of the Bank are completed
untuk terbit oleh Direksi pada tanggal and authorised for issuance by the Board of
30 Januari 2024. Directors on 30 January 2024.
Kebijakan akuntansi utama yang diterapkan dalam The principal accounting policies adopted in
penyusunan laporan keuangan Bank adalah preparing the Bank’s financial statements are set
seperti dijabarkan di bawah ini: out below:
a. Dasar penyusunan laporan keuangan a. Basis of preparation of financial statements
Berikut ini adalah ikhtisar kebijakan akuntansi Presented below are the principal accounting
penting yang diterapkan dalam penyusunan policies applied in the preparation of the
laporan keuangan Bank yang disusun financial statements of the Bank in accordance
berdasarkan Standar Akuntansi Keuangan di with Indonesian Financial Accounting
Indonesia yang mencakup Pernyataan Standar Standards which comprise of Statements of
Akuntansi Keuangan ("PSAK"), Pernyataan Financial Accounting Standards ("SFAS"),
Standar Akuntansi Keuangan Syariah ("PSAK Statements of Sharia Financial Accounting
Syariah"), Interpretasi Standar Akuntansi Standards ("SFAS Sharia"), Interpretation of
Keuangan ("ISAK") yang diterbitkan oleh Financial Accounting Standards (“ISAK”)
Ikatan Akuntan Indonesia, Pedoman Akuntansi issued by Institute of Indonesian Chartered
Perbankan Syariah Indonesia (PAPSI Revisi Accountant, Indonesia Sharia Banking
2013) dan Peraturan Badan Pengawas Pasar Accounting Guidelines (PAPSI Revised 2013)
Modal dan Lembaga Keuangan ("BAPEPAM- and the Capital Market and Financial Institution
LK") No. VIII.G.7 tentang Penyajian dan Supervisory Agency ("BAPEPAMLK")’s
Pengungkapan Laporan Keuangan Emiten Regulation No. VIII.G.7 regarding the
atau Perusahaan Publik, yang terlampir dalam Presentations and Disclosures of Financial
surat keputusan No. KEP-347/BL/2012. Statements of Listed Entity, enclosed in the
Peraturan tersebut sekarang merupakan decision letter No. KEP-347/BL/2012. The
regulasi dari Otoritas Jasa Keuangan ("OJK"). regulation is now a regulation under
Indonesian Financial Services Authority
("OJK").
Laporan keuangan disusun sesuai dengan The financial statements are prepared in
PSAK 101, “Penyajian Laporan Keuangan accordance with SFAS 101, “Presentation of
Syariah”. Berdasarkan PSAK 101 (Revisi Sharia Financial Statements”. Based on SFAS
2019), laporan keuangan bank syariah yang 101 (Revised 2019), a complete sharia bank
lengkap terdiri dari komponen-komponen financial statements consist of the following
sebagai berikut: components:
(i) Laporan posisi keuangan; (i) Statement of financial position;
(ii) Laporan laba rugi dan penghasilan (ii) Statement of profit or loss and other
komprehensif lain; comprehensive income;
(iii) Laporan perubahan ekuitas; (iii) Statement of changes in equity;
(iv) Laporan arus kas; (iv) Statement of cash flows;
(v) Laporan rekonsiliasi pendapatan dan (v) Statement of reconciliation of income
bagi hasil; and revenue sharing;
(vi) Laporan sumber dan penyaluran dana (vi) Statement of sources and distribution of
zakat; zakat funds;
(vii) Laporan sumber dan penggunaan dana (vii) Statement of sources and uses of
kebajikan; dan qardhul hasan funds; and
(viii) Catatan atas laporan keuangan. (viii) Notes to the financial statements.
Halaman - 18 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 561
Page 564
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of financial statements
(lanjutan) (continued)
Laporan posisi keuangan, laporan laba rugi The statement of financial position, statement
dan penghasilan komprehensif lain, laporan of profit or loss and other comprehensive
arus kas dan laporan perubahan ekuitas income, statement of cash flow and statement
merupakan laporan keuangan yang of changes in equity are the financial
mencerminkan kegiatan komersial Bank sesuai statements reflecting the Bank's commercial
prinsip syariah. activities in accordance with sharia principle.
Laporan keuangan disajikan berdasarkan nilai The financial statements are presented on a
historis, kecuali disebutkan lain sebagaimana historical cost basis, unless stated otherwise
diuraikan dalam kebijakan akuntansi masing- as described in the accounting policy for each
masing akun tersebut, dan disusun dengan account, and prepared on accrual basis,
dasar akrual, kecuali laporan arus kas dan except for statement of cash flow and
laporan rekonsiliasi pendapatan dan bagi hasil. statement of reconciliation of income and
revenue sharing.
Laporan arus kas disusun dengan The statement of cash flows are prepared
menggunakan metode langsung dengan using the direct method by classifying cash
mengelompokkan arus kas dalam aktivitas flows into operating, investing and financing
operasi, investasi dan pendanaan. Untuk activities. For the presentation of statement of
penyajian laporan arus kas, kas dan setara cash flows, cash and cash equivalents consist
kas terdiri dari kas, giro dan penempatan pada of cash, current accounts and placements with
Bank Indonesia, giro pada bank lain, dan Bank Indonesia, current accounts with other
penempatan pada bank lain yang jatuh tempo banks and placements with other banks with
dalam 3 (tiga) bulan dari tanggal akuisisi. maturities of 3 (three) months from the date of
acquisition.
Laporan rekonsiliasi pendapatan dan bagi The statement of reconciliation of income and
hasil merupakan rekonsiliasi antara revenue sharing represents the reconciliation
pendapatan bank syariah yang menggunakan between income of sharia bank under accrual
dasar akrual (accrual basis) dengan basis and income distributed to fund owners
pendapatan yang dibagihasilkan kepada under cash basis.
pemilik dana yang menggunakan dasar kas
(cash basis).
Laporan sumber dan penyaluran dana zakat The statement of sources and distribution of
dan laporan sumber dan penggunaan dana zakat funds and statement of sources and uses
kebajikan merupakan laporan keuangan yang of qardhul hasan funds represent the financial
mencerminkan peran Bank sebagai pemegang statements reflecting the Bank’s role as the
amanah dana kegiatan sosial yang dikelola mandate holder of social activity funds which
secara terpisah. are separately managed.
Laporan sumber dan penyaluran dana zakat The statement of sources and distribution of
merupakan laporan yang menunjukkan zakat funds show the sources and distribution
sumber dan penyaluran dana zakat dalam of zakat funds for a certain period, and the
jangka waktu tertentu, serta dana zakat yang undistributed zakat funds on a particular date.
belum disalurkan pada tanggal tertentu.
Laporan sumber dan penggunaan dana The statement of sources and uses of qardhul
kebajikan menunjukkan sumber dan hasan funds show the sources and uses of
penggunaan dana kebajikan dalam jangka qardhul hasan funds for a certain period, and
waktu tertentu serta saldo dana kebajikan the qardhul hasan funds balance on a
pada tanggal tertentu. particular date.
Halaman - 19 - Page
562 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 565
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of financial statements
(lanjutan) (continued)
Zakat adalah sebagian dari harta yang wajib Zakat is part of the wealth which must be taken
dikeluarkan oleh muzakki (pembayar zakat) out by muzakki (the zakat payer) to be given to
untuk diserahkan kepada mustahiq (penerima mustahiq (the zakat receiver). The sources of
zakat). Sumber dana zakat, infaq dan shadaqah zakat, infaq and shadaqah funds are derived from
berasal dari Bank dan pihak lain yang diterima the Bank and other parties to be distributed to
Bank untuk disalurkan kepada pihak yang parties eligible in accordance with sharia principle.
berhak sesuai dengan prinsip syariah.
Bank tidak secara langsung menjalankan The Bank is not directly involved in the
fungsi pengelolaan dana zakat dan dana management of zakat and qardhul hasan
kebajikan. funds.
Mata uang pelaporan yang digunakan dalam The reporting currency used in the financial
laporan keuangan adalah mata uang Rupiah statements is Rupiah (“Rp”) which is also the
(“Rp”) yang juga merupakan mata uang Bank’s functional currency. The figures
fungsional. Angka-angka yang disajikan dalam presented in the financial statements, unless
laporan keuangan, kecuali bila dinyatakan otherwise stated, are rounded in millions of
secara khusus, adalah dibulatkan dalam jutaan Rupiah.
Rupiah.
b. Perubahan pernyataan standar akuntansi b. Changes to statements of financial
keuangan dan interpretasi standar akuntansi accounting standards and interpretations of
keuangan financial accounting standards
Berikut ini adalah standar akuntansi The following are new financial accounting
keuangan baru, perubahan dan interpretasi standards, amendments and interpretations of
standar akuntansi keuangan yang berlaku financial accounting standards which become
efektif sejak 1 Januari 2023: effective starting 1 January 2023:
• Amendemen PSAK 1, "Penyajian Laporan • Amendment of SFAS 1, "Presentation of
Keuangan" tentang pengungkapan Financial Statements" regarding
kebijakan akuntansi yang mengubah disclosure of accounting policies that
istilah "signifikan" menjadi "material" dan change the term "significant" to "material"
memberi penjelasan mengenai kebijakan and provide explanations of material
akuntansi material"; accounting policies";
• Amendemen PSAK 25, "Kebijakan • Amendment of SFAS 25, "Accounting
Akuntansi, Perubahan Estimasi Akuntansi, Policies, Changes in Accounting
dan Kesalahan" tentang definisi "estimasi Estimates, and Errors" regarding the
akuntansi" dan penjelasannya; definition of "accounting estimates" and its
explanations;
• Amendemen PSAK 16, “Aset Tetap” • Amendment of SFAS 16, “Fixed Assets”
tentang hasil sebelum penggunaan yang regarding proceeds before the intended
diintensikan; use;
• Amendemen PSAK 46, "Pajak • Amendment of SFAS 46, "Income Tax" on
Penghasilan" tentang Pajak Tangguhan Deferred Tax related to Assets and
terkait Aset dan Liabilitas yang timbul dari Liabilities arising from a Single Transaction
Transaksi Tunggal yang diadopsi dari which adopted from Amended IAS No. 12
Amendemen IAS 12 Pajak Penghasilan Income Taxes on Deferred Tax related to
tentang Pajak Tangguhan terkait Aset dan Assets and Liabilities arising from a Single
Liabilitas yang timbul dari Transaksi Transaction; and
Tunggal; dan
• Amendemen PSAK 107, “Akuntansi • Amendment of SFAS 107, “Accounting for
Ijarah”.
Ijarah”.
Halaman - 20 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 563
Page 566
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
b. Perubahan pernyataan standar akuntansi b. Changes to statements of financial
keuangan dan interpretasi standar accounting standards and interpretations of
akuntansi keuangan (lanjutan) financial accounting standards (continued)
Kecuali untuk perubahan yang dijelaskan di Except for the changes as explained below, the
bawah ini, implementasi dari standar-standar implementation of the above standards did not
tersebut tidak menghasilkan perubahan result in substantial changes to the Bank’s
substansial terhadap kebijakan akuntansi accounting policies and had no material impact
Bank dan tidak memiliki dampak yang to the Bank’s financial statements for current
material terhadap laporan keuangan Bank di period of prior financial years.
tahun berjalan atau tahun sebelumnya.
PSAK 107, “Akuntansi Ijarah” SFAS 107, “Accounting for Ijarah”
Sesuai dengan persyaratan transisi pada In accordance with the transition requirements
PSAK 107, “Akuntansi Ijarah”, Bank in SFAS 107, "Ijarah Accounting", the Bank
menerapkan secara retrospektif ketentuan retrospectively applies ijarah accounting
akuntansi ijarah pada akad ijarah yang masih treatment for ijarah contracts that are still in
berlaku saat tanggal 1 Januari 2023. Dampak effect on 1 January 2023. The impact of the
perubahan kebijakan akuntansi sebelumnya changes to previous accounting policies on
atas akad ijarah yang masih berlaku saat ijarah contracts that are still in effect at the initial
tanggal awal penerapan diakui pada saldo date of implementation is recognized in retained
laba awal. Bank telah membukukan selisih earnings beginning balance. The Bank has
metode pengakuan pendapatan pada PSAK recorded the difference between the income
107 (2016) menjadi metode sesuai PSAK 107 recognition method in SFAS 107 (2016) to the
(Revisi 2021) sebesar Rp(78.403) pada saldo method according to SFAS 107 (Revised 2021)
laba awal pada 1 Januari 2023 dan akun amounting to Rp(78,403) in the beginning
liabilitas lain-lain sebesar Rp95.528, serta balance of retained earnings as at 1 January
selisih antara pendapatan ijarah yang akan 2023 and other liabilities amounting to
diterima yang dihitung dengan metode merata Rp95,528, and the difference of ijarah income
pada akun aset lain-lain sejumlah Rp1.830. receivables amounting using straight-line to
Bank juga mereklasifikasi saldo pokok ijarah Rp1,830. The Bank also reclassify the principal
multijasa dari aset yang diperoleh untuk ijarah balance of multiservice ijarah from assets
menjadi piutang ijarah sebesar Rp(220.544). acquired for ijarah into the ijarah receivables
amounting to Rp(220,544).
Berikut ringkasan dampak implementasi The following is a summary of the impact of
PSAK 107 (Revisi 2021): implementation SFAS 107 (Revised 2021):
Dampak
PSAK 107
(Revisi 2021)/
Impact of
31 Desember/ SFAS 107 1 Januari/
December 2022 (Revised 2021) January 2023
Piutang Receivables
Ijarah 13,278 239,499 252,777 Ijarah
Aset yang diperoleh untuk Assets acquired for
ijarah - bersih 1,484,573 (220,544) 1,264,029 ijarah - net
Aset lain-lain - bersih 2,367,465 (1,830) 2,365,635 Other assets - net
Liabilitas lain-lain 2,355,781 95,528 2,451,309 Other liabilities
Ekuitas Equity
Saldo laba Retained earnings
Belum ditentukan
penggunaannya 12,327,446 (78,403) 12,249,043 Unappropriated
Halaman - 21 - Page
564 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 567
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
c. Transaksi dengan pihak berelasi c. Transactions with related parties
Bank melakukan transaksi dengan pihak-pihak The Bank enter into transactions with parties
berelasi seperti yang didefinisikan dalam which are defined as related parties in
PSAK 7 (Revisi 2015) tentang “Pengungkapan accordance with SFAS 7 (Revised 2015)
Pihak-pihak Berelasi” dan Peraturan regarding “Related Party Disclosures” and
“Bapepam-LK” No. KEP-347/BL/2012 tanggal Regulation of “Bapepam-LK” No. KEP-
25 Juni 2012 tentang “Penyajian dan 347/BL/2012, dated 25 June 2012 regarding
Pengungkapan Laporan Keuangan Emiten “Financial Statements Presentation and
atau Perusahaan Publik”. Disclosure of Issuers or Public Companies”.
Suatu pihak dianggap pihak berelasi dengan A party is considered as a related parties of the
Bank jika: Bank if:
(1) langsung, atau tidak langsung yang melalui (1) directly or indirectly through one or more
satu atau lebih perantara, suatu pihak intermediaries, the party (i) controls, or is
(i) mengendalikan, atau dikendalikan oleh, controlled by, or under common control
atau berada di bawah pengendalian with the Bank; (ii) has an interest in the
bersama, dengan Bank; (ii) memiliki Bank that provides significant influence to
kepentingan dalam Bank yang memberikan the Bank, or (iii) has joint control over the
pengaruh signifikan atas Bank; atau Bank;
(iii) memiliki pengendalian bersama atas
Bank;
(2) suatu pihak yang berada dalam kelompok (2) it is a member of the same group as the
usaha yang sama dengan Bank; Bank;
(3) suatu pihak adalah ventura bersama (3) it is a joint venture in which the Bank acts
dimana Bank sebagai venturer; as a venturer;
(4) suatu pihak adalah anggota dari personil (4) it is a member of the key management
manajemen kunci Bank; personnel of the Bank;
(5) suatu pihak adalah anggota keluarga dekat (5) it is a close family member of an individual
dari individu yang diuraikan dalam butir as described in point (1) or (4);
(1) atau (4);
(6) suatu pihak adalah entitas yang (6) it is an entity that is controlled, jointly
dikendalikan, dikendalikan bersama atau controlled or significantly influenced by or
dipengaruhi signifikan oleh atau untuk for whom has significant voting rights in
pihak yang memiliki hak suara signifikan several entities, directly or indirectly, by the
pada beberapa entitas, langsung maupun individuals described in point (4) or (5); and
tidak langsung, yaitu individu seperti
diuraikan dalam butir (4) atau (5); dan
(7) suatu pihak adalah suatu program imbalan (7) it is a post-employment benefit plan
pasca kerja untuk imbalan kerja dari Bank program for the employee benefit of either
atau entitas yang terkait dengan Bank. the Bank or entities related to the Bank.
Seluruh transaksi dan saldo yang material All material transactions and balances with
dengan pihak berelasi diungkapkan dalam related parties are disclosed in the relevant
catatan atas laporan keuangan yang relevan notes to the financial statements and the
dan rinciannya telah disajikan dalam Catatan details are presented in Note 44 of the financial
44 atas laporan keuangan. statements.
d. Cadangan kerugian penurunan nilai aset d. Allowance for impairment losses on earning
produktif dan aset nonproduktif and non-earning assets
Aset produktif terdiri dari giro dan penempatan Earning assets consist of current accounts and
pada Bank Indonesia dalam bentuk Deposito placements with Bank Indonesia in the form of
Berjangka Syariah Bank Indonesia dan Bank Indonesia Sharia Term Deposits and
Fasilitas Simpanan Bank Indonesia Syariah Bank Indonesia Sharia Deposit Facilities
(“FASBIS”), giro dan penempatan pada bank (“FASBIS”), current accounts and placements
lain, investasi pada surat berharga, piutang with other banks, investments in marketable
murabahah, piutang istishna, pinjaman qardh, securities, murabahah receivables, istishna
pembiayaan mudharabah, pembiayaan receivables, funds of qardh, mudharabah
musyarakah, aset yang diperoleh untuk ijarah, financing, musyarakah financing, assets
serta komitmen dan kontinjensi yang memiliki acquired for ijarah, and commitments and
risiko pembiayaan seperti bank garansi. contingencies which carry financing risk, such
as bank guarantees.
Halaman - 22 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 565
Page 568
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Cadangan kerugian penurunan nilai aset d. Allowance for impairment losses on earning
produktif dan aset nonproduktif (lanjutan) and non-earning assets (continued)
Aset nonproduktif adalah aset Bank selain aset Non-earning assets are the Bank’s assets other
produktif yang memiliki potensi kerugian, than the earning assets which have potential
antara lain dalam bentuk rekening antar loss, consisting of inter-office accounts,
kantor, agunan yang diambil alih dan rekening foreclosed collaterals and suspense accounts.
penampungan.
Sesuai dengan PSAK 102 "Akuntansi In accordance with SFAS 102 “Accounting for
Murabahah" dan Pedoman Akuntansi Murabahah” and Indonesia Sharia Banking
Perbankan Syariah Indonesia (PAPSI Revisi Accounting Guidelines (PAPSI Revised 2013),
2013), Bank menghitung CKPN individual untuk the Bank calculates individual allowance for
piutang murabahah sesuai dengan ketentuan di impairment losses for murabahah receivable in
ISAK 102 “Penurunan Nilai Piutang accordance with IFAS 102 “Impairment of
Murabahah”. Murabahah Receivables”.
Bank mengevaluasi apakah terdapat bukti The Bank assesses whether there is any
objektif bahwa aset keuangan mengalami objective evidence that a financial asset is
penurunan nilai pada setiap tanggal laporan impaired at each statement of financial position
posisi keuangan. date.
Aset keuangan mengalami penurunan nilai jika Financial assets are impaired when an
bukti objektif menunjukkan bahwa peristiwa objective evidence demonstrates that a loss
yang merugikan telah terjadi setelah event has occurred after the initial recognition
pengakuan awal aset keuangan dan peristiwa of the asset and that the loss event has an
tersebut berdampak pada arus kas masa impact on the future cash flows of the financial
datang atas aset keuangan yang dapat asset that can be estimated reliably.
diestimasi secara andal.
Kriteria yang digunakan oleh Bank untuk The criteria used by the Bank to determine
menentukan bukti objektif dari penurunan nilai objective evidence of impairment are as
adalah sebagai berikut: follows:
(1) kesulitan keuangan signifikan yang dialami (1) significant financial difficulty of the issuer or
penerbit atau pihak peminjam; obligor;
(2) pelanggaran kontrak, seperti terjadinya (2) a breach of contract, such as a default or
wanprestasi atau tunggakan pembayaran arrears on principal or margin payment in
pokok atau margin; margin or principal payments;
(3) pihak pemberi pinjaman, dengan alasan (3) the lender, for economic or legal reasons
ekonomi atau hukum sehubungan dengan relating to the debtor’s financial difficulty,
kesulitan keuangan yang dialami pihak grants the debtor a concession that the
peminjam, memberikan keringanan lender would not otherwise consider;
(konsesi) pada pihak peminjam yang tidak
mungkin diberikan jika pihak peminjam
tidak mengalami kesulitan tersebut;
(4) terdapat kemungkinan bahwa pihak (4) it becomes probable that the debtor will
peminjam akan dinyatakan pailit atau enter into bankruptcy or other financial
melakukan reorganisasi keuangan lainnya; reorganisation;
(5) hilangnya pasar aktif dari aset keuangan (5) the disappearance of an active market of
akibat kesulitan keuangan; financial assets due to financial difficulties;
(6) data yang dapat diobservasi (6) observable data indicating that there is a
mengindikasikan adanya penurunan yang measurable decrease in the estimated
dapat diukur atas estimasi arus kas masa future cash flows from a portfolio of
datang dari kelompok aset keuangan sejak financial assets since the initial recognition
pengakuan awal aset dimaksud, meskipun of those assets, although the decrease
penurunannya belum dapat diidentifikasi cannot yet be identified individually in the
terhadap aset keuangan secara individual portfolio;
dalam kelompok aset tersebut;
(7) memburuknya status pembayaran pihak (7) adverse changes in the payment status of
peminjam dalam kelompok tersebut; dan debtors in the portfolio; and
(8) kondisi ekonomi nasional atau lokal yang (8) national or local economic conditions that
berkorelasi dengan wanprestasi atas aset correlate with breach of contract of the
dalam kelompok tersebut. assets in the portfolio.
Halaman - 23 - Page
566 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 569
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Cadangan kerugian penurunan nilai aset d. Allowance for impairment losses on
produktif dan aset nonproduktif (lanjutan) earning and non-earning assets (continued)
Bank pertama kali menentukan apakah The Bank first assesses whether an objective
terdapat bukti objektif penurunan nilai secara evidence of impairment for financial assets that
individual atas aset keuangan yang signifikan are individually significant and individually or
dan secara individual atau kolektif untuk aset collectively for financial assets that are not
keuangan yang tidak signifikan secara individually significant.
individual.
Jika Bank menentukan tidak terdapat bukti If the Bank determines that there is no
objektif mengenai penurunan nilai atas aset objective evidence of impairment for an
keuangan yang dinilai secara individual, individually assessed financial asset, whether
terlepas aset keuangan tersebut signifikan significant or not, it includes the asset in a
atau tidak, maka Bank memasukkan aset group of financial assets with similar financing
tersebut ke dalam kelompok aset keuangan risk characteristics and collectively assesses
yang memiliki karakteristik risiko pembiayaan them for impairment. Financial assets that are
yang serupa dan menilai penurunan nilai individually assessed for impairment, and for
kelompok tersebut secara kolektif. Aset which an impairment loss is or continues to be
keuangan yang penurunan nilainya dilakukan recognised is excluded in the collective
secara individual, dan untuk itu kerugian assessment of impairment.
penurunan nilai telah diakui atau tetap diakui,
tidak termasuk dalam penilaian penurunan
nilai secara kolektif.
Bank menetapkan piutang murabahah yang The Bank determines murabahah receivables
harus dievaluasi penurunan nilainya secara to be evaluated for impairment through
individual, jika memenuhi salah satu kriteria di individual evaluation if one of the following
bawah ini: criteria is met:
(1) Piutang murabahah memiliki kolektibilitas (1) Murabahah receivables which have
kurang lancar, diragukan dan macet, dan collectibility status as substandard,
memiliki saldo nilai piutang secara doubtful and loss, and have an individual
individual di atas atau sama dengan receivables balance of above or equal to
Rp10.000; dan Rp10,000; and
(2) Piutang murabahah yang direstrukturisasi (2) Murabahah receivables that are
atau pernah direstrukturisasi dan yang restructured or have been restructured
secara individual memiliki saldo nilai and which individually have a balance of
piutang di atas Rp10.000. receivables above or equal Rp10,000.
Bank menetapkan piutang murabahah yang The Bank determines murabahah receivables
harus dievaluasi penurunan nilainya secara to be evaluated for impairment through
kolektif, jika memenuhi salah satu kriteria di collective evaluation if one of the following
bawah ini: criteria is met:
(1) Piutang murabahah yang secara individual (1) Murabahah receivables which individually
memiliki nilai signifikan namun tidak have significant value but there is no
memiliki bukti objektif penurunan nilai; objective evidence of impairment;
(2) Piutang murabahah yang secara individual (2) Murabahah receivables which individually
memiliki nilai tidak signifikan; dan have insignificant value; and
(3) Piutang murabahah yang direstrukturisasi (3) Restructured murabahah receivables which
yang secara individual memiliki nilai tidak individually have insignificant value.
signifikan.
Perhitungan cadangan kerugian penurunan The calculation of allowance for impairment
nilai atas aset keuangan yang dinilai secara losses on financial assets which are evaluated
kolektif dikelompokkan berdasarkan collectively, grouped based on similar
karakteristik risiko piutang yang sama dengan receivable risk characteristics and taking into
mempertimbangkan segmentasi piutang account the receivable segmentation on the
berdasarkan pengalaman kerugian masa lalu basis of historical loss experience (probability
(probability of default). of default).
Halaman - 24 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 567
Page 570
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Cadangan kerugian penurunan nilai aset d. Allowance for impairment losses on earning
produktif dan aset nonproduktif (lanjutan) and non-earning assets (continued)
Bank menggunakan metode analisis migrasi The Bank uses the migration analysis method
yang merupakan suatu metode analisis which is a statistical model analysis method to
statistik, untuk menilai cadangan kerugian assess allowance for impairment losses on
penurunan nilai atas piutang yang diberikan collective receivables. The Bank uses 5 (five)
secara kolektif. Bank menggunakan data years historical data to compute for the
historis 5 (lima) tahun dalam menghitung Probability of Default (“PD”) and Loss Given
Probability of Default (“PD”) dan Loss Given Default (“LGD”).
Default (“LGD”).
Kerugian penurunan nilai atas aset keuangan Impairment losses on financial assets recorded
yang dicatat pada biaya perolehan at amortised cost are measured as the
diamortisasi diukur sebesar selisih antara nilai difference between the carrying amount of the
tercatat aset keuangan dengan nilai kini financial assets and present value of estimated
estimasi arus kas masa datang yang future cash flows discounted at the financial
didiskonto menggunakan tingkat margin efektif assets original effective margin rate.
awal dari aset keuangan tersebut.
Kerugian yang terjadi diakui pada laporan laba Impairment losses are recognised in statement
rugi dan penghasilan komprehensif lain dan of profit or loss and other comprehensive
dicatat pada akun cadangan kerugian income and reflected in an allowance for
penurunan nilai sebagai pengurang terhadap impairment losses account against financial
aset keuangan yang dicatat pada biaya assets carried at amortised cost.
perolehan diamortisasi.
Penerimaan kembali atas aset keuangan yang The recoveries of written-off financial assets in
diberikan yang telah dihapusbukukan, pada the current year are credited by adjusting the
tahun berjalan dikreditkan dengan allowance for impairment losses accounts.
menyesuaikan akun cadangan kerugian Recoveries of written-off loans from previous
penurunan nilai. Penerimaan kembali atas years are recorded as operating income other
pinjaman yang diberikan yang telah than margin income.
dihapusbukukan pada tahun-tahun
sebelumnya dicatat sebagai pendapatan
operasional selain pendapatan margin.
Aset produktif terdiri atas piutang, pinjaman Earning assets consist of receivables, funds of
qardh, pembiayaan mudharabah, pembiayaan qardh, mudharabah financing, musyarakah
musyarakah, aset yang diperoleh untuk ijarah, financing, assets acquired for ijarah, and
serta komitmen dan kontinjensi yang memiliki commitments and contingencies which carry
risiko pembiayaan seperti bank garansi. Bank financing risk, such as bank guarantees. The
membentuk cadangan kerugian penurunan Bank provides the allowance for impairment
nilai berdasarkan estimasi kerugian aset losses based on the estimated losses from
produktif yang tidak dapat ditagih uncollectible amount earning assets as
sebagaimana diatur dalam PSAK yang stipulated in the applicable SFAS. In addition,
berlaku. Selain itu, Bank juga menerapkan the Bank also implemented Regulation of the
Peraturan Otoritas Jasa Keuangan (“POJK”) Financial Services Authority (“POJK”) No.
No. 02/POJK.03/2022 tanggal 31 Januari 2022 02/POJK.03/2022 dated 31 January 2022
tentang “Penilaian Kualitas Aset Bank Umum regarding “Asset Quality Ratings for Sharia
Syariah dan Unit Usaha Syariah” yang berlaku Bank and Sharia Business Unit” which was
efektif tanggal 7 Februari 2022. effective as at 7 February 2022.
Cadangan kerugian minimum yang harus The minimum allowance to be provided in
dibentuk sesuai dengan POJK adalah sebagai accordance with POJK is as follows:
berikut:
1) Cadangan umum, ditetapkan paling 1) General reserve, shall be no less than 1%
rendah sebesar 1% dari aset produktif of total earning assets classified as current,
yang digolongkan lancar diluar giro dan excluding current accounts and placements
penempatan pada Bank Indonesia, surat with Bank Indonesia, securities issued by
berharga yang diterbitkan pemerintah the government based on sharia principles
berdasarkan prinsip syariah dan aset and part of earning assets guaranteed cash
produktif yang dijamin dengan agunan collateral.
tunai.
Halaman - 25 - Page
568 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 571
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Cadangan kerugian penurunan nilai aset d. Allowance for impairment losses on earning
produktif dan aset nonproduktif (lanjutan) and non-earning assets (continued)
Cadangan kerugian minimum yang harus The minimum allowance to be provided in
dibentuk sesuai dengan POJK adalah sebagai accordance with POJK is as follows:
berikut: (lanjutan) (continued)
2) Cadangan khusus, sekurang-kurangnya 2) Special reserves, shall be at least:
sebesar:
a) 5% dari aset produktif yang a) 5% of earning assets classified as
digolongkan Dalam Perhatian Khusus Special Mention after deducting the
setelah dikurangi nilai agunan; collateral value;
b) 15% dari aset produktif yang b) 15% of earning assets classified as
digolongkan Kurang Lancar setelah Substandard after deducting the
dikurangi nilai agunan; collateral value;
c) 50% dari aset produktif yang c) 50% of earning assets classified as
digolongkan Diragukan setelah Doubtful after deducting the collateral
dikurangi nilai agunan; dan value; and
d) 100% dari aset produktif yang d) 100% of earning assets classified as
digolongkan Macet setelah dikurangi Loss after deducting the collateral value.
nilai agunan.
Kriteria penilaian nilai agunan yang dapat The criteria for assessment of the value of
dikurangkan dalam pembentukan cadangan collateral that can be deducted in the
kerugian penurunan nilai sesuai dengan calculation of allowance for impairment losses
POJK. are based on POJK.
Bank melakukan pengkajian kecukupan The Bank conducts assessment upon the
cadangan kerugian penurunan nilai atas aset adequacy of the allowance for impairment
produktif yang dibentuk berdasarkan POJK losses on earning assets established based on
No. 02/POJK.03/2022 dan mempertimbangkan POJK No. 02/POJK.03/2022 and consider the
estimasi kerugian aset produktif yang tidak estimated loss of earning assets that is
dapat ditagih. uncollectible.
Aset nonproduktif adalah aset Bank selain aset Non-earning assets represent the Bank’s
produktif yang memiliki potensi kerugian, assets other than earning assets which have
antara lain dalam bentuk Agunan potential loss such as foreclosed
Yang Diambil Alih (“AYDA”), rekening collaterals (“AYDA”), inter-branches account,
perantara, temporary account, dan properti temporary account and abandoned property .
terbengkalai.
AYDA adalah aset yang diperoleh Bank, baik AYDA is an asset acquired through auction or
melalui pelelangan atau di luar pelelangan over the counter based on voluntary
berdasarkan penyerahan secara sukarela oleh submission by collateral owner or based on the
pemilik agunan atau berdasarkan kuasa untuk power of attorney to sell over the counter from
menjual di luar lelang dari pemilik collateral owner in the event of
agunan dalam hal nasabah tidak customer’s failure in meeting their liabilities to
memenuhi kewajibannya kepada Bank. the Bank.
Bank wajib melakukan upaya penyelesaian The Bank is required to settle its AYDA and
terhadap AYDA yang dimiliki dan prepare documentation of its effort to settle the
mendokumentasikan upaya penyelesaian assets. The Bank is required to re-evaluate the
AYDA. Bank wajib melakukan AYDA to determine net realisable value:
penilaian kembali terhadap AYDA
atas dasar nilai realisasi bersih:
a) Pada saat pengambilalihan agunan; dan a) At the time the collateral is foreclosed; and
b) Pada masa-masa berikutnya setelah b) In the subsequent period after the
dilakukan pengambilalihan agunan. acquisition of foreclosed collaterals.
Penetapan nilai realisasi bersih wajib The determination of net realisable value is
dilakukan oleh penilai independen, untuk required to be carried out by an independent
AYDA dengan nilai Rp5.000 atau lebih. appraiser for AYDA in the amount equivalent or
Sementara untuk AYDA dengan nilai di bawah more than Rp5,000. Internal appraiser of the
Rp5.000 dapat menggunakan penilai internal Bank may be used for AYDA below Rp5,000.
Bank.
Halaman - 26 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 569
Page 572
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Cadangan kerugian penurunan nilai aset d. Allowance for impairment losses on earning
produktif dan aset nonproduktif (lanjutan) and non-earning assets (continued)
Bank wajib menggunakan nilai yang terendah The Bank is required to use the lowest price if
apabila terdapat beberapa nilai dari penilai there are several values proposed by the
independen atau penilai internal Bank. independent or internal appraiser.
AYDA yang telah dilakukan upaya AYDA which completion efforts have been
penyelesaian, ditetapkan memiliki kualitas: made is determined to have quality as follows:
a) Lancar, apabila dimiliki sampai dengan 1 a) Current, if owned within 1 (one) year.
(satu) tahun.
b) Kurang Lancar, apabila dimiliki 1 (satu) b) Substandard, if owned 1 (one) year to 3
tahun sampai dengan 3 (tiga) tahun. (three) years.
c) Diragukan, apabila dimiliki 3 (tiga) tahun c) Doubtful, if owned 3 (three) years to 5 (five)
sampai dengan 5 (lima) tahun. years.
d) Macet, apabila dimiliki lebih dari 5 (lima) d) Loss, if owned more than 5 (five) years.
tahun.
AYDA sehubungan dengan penyelesaian AYDA acquired in relation to settlement of
pembiayaan (disajikan dalam akun aset lain) financing (presented in other assets account)
diakui sebesar nilai realisasi bersih maksimum are recognised at net realisable value
sebesar kewajiban nasabah. Nilai realisasi maximum at the value of debtors’ obligation.
bersih adalah nilai wajar aset setelah dikurangi Net realisable value is the fair value of the
estimasi biaya pelepasan. Setelah pengakuan asset after deducting the estimated disposal
awal, AYDA dicatat sebesar nilai yang lebih costs. Subsequent to initial recognition, AYDA
rendah antara nilai tercatat dengan nilai are stated at the lower of the carrying value or
wajarnya setelah dikurangi biaya untuk the recovery value.
menjualnya.
Rekening perantara adalah akun tagihan yang Inter-branch account is receivable or payable
timbul dari transaksi antar kantor yang belum arising from inter-branch transactions that are
diselesaikan dalam jangka waktu tertentu. unsettled after a certain period of time.
Temporary account adalah akun yang Temporary accounts is accounts used in daily
digunakan dalam operasional perbankan banking operations that are temporary and
sehari-hari yang bersifat sementara dan harus must be settled immediately within a certain
segera diselesaikan dalam jangka waktu time period determined by the Bank.
tertentu yang telah ditetapkan oleh Bank.
Bank wajib melakukan upaya penyelesaian The Bank is required to settle its inter-branch
rekening perantara dan temporary account. account and temporary account.
Kualitas rekening perantara dan temporary The quality of inter-branch account and
account ditetapkan sebagai berikut: temporary account are determined as:
1) Lancar, apabila tercatat dalam 1) Current, if the transaction has been
pembukuan Bank sampai dengan 180 recorded in the Bank’s book up to 180 (one
(seratus delapan puluh) hari. hundred and eighty) days.
2) Macet, apabila tercatat dalam pembukuan 2) Loss, if the transaction has been recorded
Bank lebih dari 180 (seratus delapan in the Bank’s book over 180 (one hundred
puluh) hari. and eighty) days.
Properti terbengkalai adalah aset tetap dalam Abandoned property is a fixed asset in the form
bentuk properti yang dimiliki Bank tetapi tidak of property owned by the Bank but not used for
digunakan untuk kegiatan usaha Bank yang normal Bank business activities.
lazim.
Halaman - 27 - Page
570 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 573
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
d. Cadangan kerugian penurunan nilai aset d. Allowance for impairment losses on earning
produktif dan aset nonproduktif (lanjutan) and non-earning assets (continued)
Bank wajib melakukan upaya penyelesaian The Bank is required to settle its abandoned
properti terbengkalai. property.
Kualitas properti terbengkalai ditetapkan The quality of abandoned property are
sebagai berikut: determined as:
a) Lancar, apabila dimiliki sampai dengan 1 a) Current, if owned within 1 (one) year.
(satu) tahun.
b) Kurang Lancar, apabila dimiliki 1 (satu) b) Substandard, if owned 1 (one) year to 3
tahun sampai dengan 3 (tiga) tahun. (three) years.
c) Diragukan, apabila dimiliki 3 (tiga) tahun c) Doubtful, if owned 3 (three) years to 5 (five)
sampai dengan 5 (lima) tahun. years.
d) Macet, apabila dimiliki lebih dari 5 (lima) d) Loss, if owned more than 5 (five) years.
tahun.
e. Giro dan penempatan pada Bank Indonesia e. Current accounts and placements with
Bank Indonesia
Giro dan penempatan pada Bank Indonesia Current accounts and placements with Bank
terdiri dari giro wadiah pada Bank Indonesia Indonesia consist of wadiah current accounts
dan penanaman dana pada Bank Indonesia with Bank Indonesia and placements of funds
berupa Fasilitas Simpanan Bank Indonesia with Bank Indonesia in the form of Bank
Syariah (“FASBIS”) dan Deposito Berjangka Indonesia Sharia Deposit Facilities (“FASBIS”)
Syariah Bank Indonesia. and Bank Indonesia Sharia Term Deposits.
FASBIS merupakan sertifikat yang diterbitkan FASBIS are certificates issued by Bank
Bank Indonesia sebagai bukti penitipan dana Indonesia as evidence of short-term deposit of
berjangka pendek dengan prinsip wadiah. funds with the principles of wadiah. Bank
Deposito Berjangka Syariah Bank Indonesia Indonesia Sharia Term Deposits are term
merupakan penempatan berjangka di Bank deposits in Bank Indonesia with the principles
Indonesia dengan prinsip jualah. Giro dan of jualah. Current accounts and placements
penempatan pada Bank Indonesia disajikan with Bank Indonesia are presented at the
sebesar saldo penempatan. outstanding balance.
f. Giro dan penempatan pada bank lain f. Current accounts and placements with
other banks
Giro pada bank lain dinyatakan sebesar saldo Current accounts with other Banks are stated
giro dikurangi dengan cadangan kerugian at their outstanding balances net of allowance
penurunan nilai. Bonus yang diterima Bank for impairment losses. Bonuses received by the
dari Bank Umum Syariah diakui sebagai Bank from Sharia Commercial Banks are
pendapatan usaha lainnya. Penerimaan jasa recognised as other operating income.
giro dari bank nonsyariah tidak diakui sebagai Proceeds of interest on current accounts from
pendapatan Bank. non-sharia banks are not recognised as the
Bank's income.
Dana penerimaan jasa giro yang berasal dari The received current account service funds that
bank nonsyariah dikategorikan sebagai dana come from non-sharia bank are categorised as
nonhalal, sehingga Bank Syariah non-halal funds, so Sharia Bank then
menyalurkannya sebagai dana kebajikan. distributed as qardhul hasan funds. Before the
Sebelum dana kebajikan tersebut disalurkan, qardhul hasan funds are distributed, it is
maka pencatatannya di sisi liabilitas. recorded in liabilities.
g. Investasi pada surat berharga g. Investments in marketable securities
Surat berharga syariah adalah surat bukti Sharia marketable securities are proof of
penanaman dalam surat berharga berdasarkan investments under sharia principles commonly
prinsip syariah yang lazim diperdagangkan di traded in sharia money market and/or sharia
pasar uang syariah dan/atau pasar modal stock exchange, such as sharia bonds (sukuk).
syariah, antara lain obligasi syariah (sukuk).
Halaman - 28 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 571
Page 574
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
g. Investasi pada surat berharga (lanjutan) g. Investments in marketable securities
(continued)
Pada saat pengakuan awal, Bank menentukan At initial recognition, the Bank determines the
klasifikasi investasi pada sukuk sebagai diukur classification of investments in sukuk either
pada biaya perolehan, diukur pada nilai wajar measured at cost, fair value through other
melalui penghasilan komprehensif lain atau comprehensive income or fair value through
diukur pada nilai wajar melalui laba rugi. profit or loss.
a. Diukur pada biaya perolehan a.
a. Measured at amortised cost
• Investasi tersebut dimiliki dalam suatu • The investment is held in a business
model usaha yang bertujuan utama model whereby the primary goal is to
untuk memperoleh arus kas obtain contractual cash flows and has
kontraktual dan terdapat persyaratan contractual terms in determining the
kontraktual dalam menentukan specific date of principal payments
tanggal tertentu atas pembayaran and or the results;
pokok dan atau hasilnya;
• Biaya perolehan sukuk termasuk • Sukuk acquisition cost includes
biaya transaksi; dan transaction cost; and
• Selisih antara biaya perolehan dan • The difference between the
nilai nominal diamortisasi secara garis acquisition cost and the nominal value
lurus selama jangka waktu sukuk dan is amortised on a straight-line basis
diakui dalam laba rugi. over the period of the sukuk and
recognised in profit or loss.
b. Diukur pada nilai wajar melalui a.
b. Measured at fair value through other
penghasilan komprehensif lain comprehensive income
• Investasi tersebut dimiliki dalam suatu • The investment is held in a business
model usaha yang bertujuan utama model whereby the primary goal is to
untuk memperoleh arus kas obtain contractual cash flows and to
kontraktual dan melakukan penjualan sell the sukuk, and has contractual
sukuk, terdapat persyaratan terms in determining the specific date
kontraktual dalam menentukan of principal payments and or the
tanggal tertentu atas pembayaran results;
pokok dan atau hasilnya;
• Biaya perolehan sukuk termasuk • Sukuk acquisition cost includes
biaya transaksi; transaction cost;
• Selisih antara biaya perolehan dan • The difference between acquisition
nilai nominal diamortisasi secara garis cost and the nominal value is
lurus selama jangka waktu sukuk dan amortised on a straight-line basis over
diakui dalam laba rugi; dan the period of the sukuk and is
recognised in profit or loss; and
• Keuntungan atau kerugian dari • Gain or loss from changes of fair
perubahan nilai wajar diakui dalam value is recognised in other
penghasilan komprehensif lain setelah comprehensive income after
memperhitungkan saldo selisih biaya considering unamortised difference of
perolehan dan nilai nominal yang acquisition cost and nominal value
belum diamortisasi dan saldo and accumulated gain or loss of fair
akumulasi keuntungan dan kerugian value which has been previously
nilai wajar yang telah diakui dalam recognised in other comprehensive
penghasilan komprehensif lain income. When sukuk is derecognised,
sebelumnya. Ketika investasi sukuk the accumulated gain or loss which
dihentikan pengakuannya, akumulasi has been previously recognised in
keuntungan atau kerugian yang other comprehensive income is
sebelumnya diakui dalam penghasilan reclassified to profit or loss as
komprehensif lain direklasifikasi ke reclassification adjustment.
laba rugi sebagai penyesuaian
reklasifikasi.
Halaman - 29 - Page
572 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 575
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
g. Investasi pada surat berharga (lanjutan) g. Investments in marketable securities
(continued)
c. Diukur pada nilai wajar melalui laba rugi a.
c. Measured at fair value through profit or
loss
b.
• Biaya perolehan sukuk tidak termasuk • Sukuk acquisition cost excludes
biaya transaksi; dan transaction cost; and
• Selisih antara nilai wajar dan jumlah • The difference between fair value and
tercatat diakui dalam laba rugi. the carrying value is recognised in
profit or loss.
h. Tagihan dan liabilitas akseptasi h. Acceptance receivables and liabilities
Tagihan dan liabilitas akseptasi merupakan Acceptance receivables and liabilities
transaksi Letter of Credit (“L/C”) dan Surat represent Letters of Credit (“L/C”) and
Kredit Berdokumen dalam Negeri (“SKBDN”) Domestic Documentary Letters of Credit
yang diterima oleh bank penerima. (“SKBDN”) transactions that have been
accepted by the accepting bank.
Tagihan dan liabilitas akseptasi dinyatakan Acceptance receivables and liabilities are
sebesar biaya perolehan diamortisasi. Tagihan stated at amortised cost. Acceptances
akseptasi disajikan setelah dikurangi receivable are stated at net of allowance for
cadangan kerugian penurunan nilai. impairment losses.
Tagihan akseptasi diklasifikasikan sebagai Acceptance receivables are classified as
pinjaman yang diberikan dan piutang. Liabilitas financing and receivables. Acceptance
akseptasi diklasifikasi sebagai kewajiban liabilities are classified as financial liabilities at
keuangan yang dicatat pada biaya perolehan amortised cost.
diamortisasi.
i. Piutang i. Receivables
Piutang terdiri dari piutang murabahah, piutang Receivables consist of murabahah receivables,
istishna, dan piutang ijarah. istishna receivables and ijarah receivables.
Murabahah adalah akad jual beli antara Murabahah is a sale and purchase contract
nasabah dengan Bank, dimana Bank between the customer and the Bank, whereby
membiayai kebutuhan konsumsi, investasi dan the Bank finances the consumption, investment
modal kerja nasabah yang dijual dengan harga and working capital needs of the customer sold
pokok ditambah dengan keuntungan yang with a principle price plus a certain margin that
diketahui dan disepakati bersama. is mutually informed and agreed. Repayment
Pembayaran atas pembiayaan ini dilakukan on this financing is made in installments within
dengan cara mengangsur dalam jangka waktu a specified period.
yang ditentukan.
Piutang murabahah pada awalnya diukur Murabahah receivables are initially measured
pada nilai bersih ditambah dengan biaya at net realisable value plus directly attributable
transaksi yang dapat diatribusikan secara transaction costs which is an additional cost to
langsung dan merupakan biaya tambahan obtain the respected financial assets and after
untuk memperoleh aset keuangan tersebut the initial recognition, are measured at
dan setelah pengakuan awal diukur pada amortised cost using the effective margin
biaya perolehan diamortisasi menggunakan method less any allowance for impairment
metode margin efektif dikurangi dengan losses value.
cadangan kerugian penurunan nilai.
Istishna adalah akad penjualan antara Istishna is a sale and purchase contract
al-mustashni (pembeli) dan al-shani between al-mustashni (buyer) and al-shani
(produsen yang juga bertindak sebagai (manufacturer also acting as the seller). Based
penjual). Berdasarkan akad tersebut, pembeli on the contract, the buyer orders the
menugaskan produsen untuk membuat atau manufacturer to produce or to supply al-
mengadakan al-mashnu (barang pesanan) mashnu (goods ordered) according to the
sesuai spesifikasi yang disyaratkan pembeli specifications required by the buyer and to sell
dan menjualnya dengan harga yang them at agreed price.
disepakati.
Halaman - 30 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 573
Page 576
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
i. Piutang (lanjutan) i. Receivables (continued)
Piutang istishna disajikan sebesar tagihan Istishna receivables are stated at the amount
termin kepada pembeli akhir dikurangi dengan billed to customer less allowance for
cadangan kerugian penurunan nilai. Margin impairment losses. Deferred istishna margin is
istishna yang ditangguhkan disajikan sebagai presented as a contra account of istishna
pos lawan piutang istishna. receivables.
Ijarah adalah akad sewa antara pihak yang Ijarah is the lease contract between the party
menyewakan aset ijarah (mu’jir) dengan who rents out the ijarah assets (mu'jir) and the
penyewa/penerima manfaat barang (musta’jir) lessee/beneficiary of the goods (musta'jir) or
atau antara penerima jasa (musta’jir) dengan between the recipient of the service (musta'jir)
pihak yang memberikan jasa (ajir) untuk and the party who provide the service (ajir) to
mempertukarkan manfaat dan ujrah, baik exchange benefits and ujrah, both benefits of
manfaat aset ijarah maupun jasa. ijarah assets or services.
Piutang ijarah terdiri dari piutang ijarah atas Ijarah receivables consist of ijarah of assets
aset dan piutang ijarah multijasa. Piutang and multi-services ijarah receivables. Ijarah of
ijarah atas aset adalah porsi pokok atas assets receivables are the principal portion of
pendapatan sewa yang telah jatuh tempo dan unpaid rent income at maturity. Multi-services
belum dibayar. Piutang ijarah multijasa adalah ijarah receivables are the principal portion of
porsi pokok atas pendapatan sewa yang unpaid rent income at maturity. Allowance for
belum dibayar sampai dengan jatuh tempo. impairment losses accounts on ijarah of assets
Cadangan kerugian penurunan nilai atas receivables and multi-services ijarah
piutang ijarah atas aset dan dan piutang ijarah receivables are presented as a contra account
multijasa disajikan sebagai pos lawan (contra of ijarah of assets receivables and multi-
account) piutang ijarah atas aset dan piutang services ijarah receivables. The Bank records
ijarah multijasa. Bank mencatat ujrah ijarah ujrah receivables of ijarah of assets and multi-
atas aset yang akan diterima dan ijarah services ijarah as other assets.
multijasa yang akan diterima sebagai aset
lainnya.
j. Pinjaman qardh j. Funds of qardh
Pinjaman qardh adalah penyaluran dana Funds of qardh represent a distribution of funds
dengan akad qardh. with qardh contract.
Akad qardh adalah akad pinjaman dana Qardh contract is a borrowing contract with the
kepada nasabah dengan ketentuan bahwa condition that the borrower should repay the
nasabah wajib mengembalikan dana yang loan at a specified period of time.
diterimanya pada waktu yang telah disepakati.
Pinjaman qardh meliputi pembiayaan dengan Funds of qardh includes hawalah and rahn
akad hawalah dan rahn. Akad hawalah adalah financing contract. Hawalah is a transfer of
akad pengalihan utang dari pihak yang debts from debtors to other party (Bank) which
berutang (nasabah) kepada pihak lain (Bank) obligate to shoulder or pay. The Bank will
yang wajib menanggung atau membayar. obtain an ujrah (fee) from this transaction,
Atas transaksi ini Bank mendapatkan ujrah which is recognised as income when received.
(imbalan) dan diakui sebagai pendapatan
pada saat diterima.
Akad rahn merupakan transaksi Rahn contract is the pawn of goods or assets
menggadaikan barang atau harta dari by customers to the Bank with the money as
nasabah kepada Bank dengan uang sebagai compensation. Goods or assets being pawned
gantinya. Barang atau harta yang digadaikan are valued in accordance with the market price
tersebut dinilai sesuai harga pasar dikurangi less a certain percentage and the Bank gets
persentase tertentu dan sebagai imbalannya ujrah (fee) in return which are recognised on
Bank mendapatkan ujrah (imbalan) dan diakui an accrual basis.
berdasarkan basis akrual.
Halaman - 31 - Page
574 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 577
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
k. Pembiayaan k. Financing
Pinjaman qardh diakui sebesar jumlah dana Funds of qardh are recognised at the same
yang dipinjamkan pada saat terjadinya. Pada amount of funds lent when these occur. On the
tanggal laporan posisi keuangan, pinjaman statement of financial position date, funds of
qardh dinyatakan sebesar saldo pinjaman qardh is stated at the outstanding financing
dikurangi dengan saldo cadangan kerugian balance less allowance for impairment losses
penurunan nilai yang dibentuk berdasarkan which is provided based on the management’s
hasil reviu oleh manajemen terhadap kualitas review of the financing quality.
pembiayaan yang ada.
Pembiayaan bagi hasil dapat dilakukan Financing with profit sharing scheme can be
dengan akad mudharabah dan akad done in the form of mudharabah and
musyarakah. musyarakah contract.
Pembiayaan mudharabah merupakan Mudharabah financing is a joint financing
pembiayaan kerjasama antara Bank sebagai made between the Bank as the owner of the
pemilik dana (shahibul maal) dengan nasabah funds (shahibul maal) and the customer as a
sebagai pelaksana usaha (mudharib) selama business executor (mudharib) during a certain
jangka waktu tertentu. Pembagian hasil period. The profit sharing from the project or
keuntungan dari proyek atau usaha tersebut the business is determined in accordance with
ditentukan sesuai dengan nisbah the mutually agreed nisbah (predetermined
(predetermined ratio) yang telah disepakati ratio). On the statement of financial position
bersama. Pada tanggal laporan posisi date, mudharabah financing is stated at the
keuangan, pembiayaan mudharabah outstanding financing balance less allowance
dinyatakan sebesar saldo pembiayaan for impairment losses which is provided based
dikurangi dengan saldo cadangan kerugian on the management’s review of the financing
penurunan nilai yang dibentuk berdasarkan quality.
hasil reviu oleh manajemen terhadap kualitas
pembiayaan yang ada.
Pembiayaan musyarakah adalah akad Musyarakah financing is a partnership contract
kerjasama yang terjadi di antara para pemilik among fund’s owners (musyarakah partners)
modal (mitra musyarakah) untuk to contribute funds and conduct a business on
menggabungkan modal dan melakukan usaha a joint basis through partnership with the profit
secara bersama dalam suatu kemitraan sharing based on a predetermined ratio, while
dengan pembagian hasil sesuai dengan the losses are borne proportionally based on
kesepakatan, sedangkan kerugian ditanggung the capital contribution. On the statement of
secara proporsional sesuai dengan kontribusi financial position dates, musyarakah financing
modal. Pada tanggal laporan posisi keuangan, is stated at the outstanding financing balance
pembiayaan musyarakah dinyatakan sebesar less allowance for impairment losses which is
saldo pembiayaan dikurangi dengan saldo provided based on the management’s review
cadangan kerugian penurunan nilai yang on the existing financing quality.
dibentuk berdasarkan hasil reviu oleh
manajemen terhadap kualitas pembiayaan
yang ada.
l. Aset yang diperoleh untuk ijarah l. Assets acquired for ijarah
Kebijakan berlaku sebelum 1 Januari 2023 Policy applicable before 1 January 2023
Aset yang diperoleh untuk ijarah merupakan Assets acquired for ijarah represent object of
aset yang menjadi objek transaksi sewa leased assets and are recorded in the
(ijarah) dan dicatat di laporan posisi keuangan statement of financial position at the
sebesar harga perolehan dikurangi akumulasi acquisition cost, net of accumulated
penyusutan. depreciation.
Objek sewa dalam transaksi ijarah disusutkan Leased object in ijarah transaction is
sesuai kebijakan penyusutan aset sejenis, depreciated based on the depreciation policy
sedangkan objek sewa dalam ijarah for similar assets, while leased object in ijarah
muntahiyah bittamlik disusutkan sesuai masa muntahiyah bittamlik transaction is depreciated
sewa. based on leased term.
Halaman - 32 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 575
Page 578
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
l. Aset yang diperoleh untuk ijarah (lanjutan) l. Assets acquired for ijarah (continued)
Kebijakan berlaku sebelum 1 Januari 2023 Policy applicable before 1 January 2023
(lanjutan) (continued)
Ijarah muntahiyah bittamlik adalah sewa Ijarah muntahiyah bittamlik is a lease
menyewa antara pemilik objek sewa dan transaction between the lessor and lessee to
penyewa untuk mendapatkan imbalan atas obtain fee from the object leased with the
objek sewa yang disewakan dengan opsi option of transferring the title through purchase
perpindahan hak milik objek sewa baik dengan or grant at a certain time in accordance with the
jual beli atau pemberian (hibah) pada saat lease contract.
tertentu sesuai akad sewa.
Perpindahan hak milik objek sewa kepada The transfer of ownership right on the leased
penyewa dalam ijarah muntahiyah bittamlik object to the lessee in ijarah muntahiyah
dapat dilakukan dengan cara: bittamlik can be conducted through:
(i) hibah; atau (i) a grant; or
(ii) penjualan. (ii) sales.
Nilai tercatat aset segera diturunkan sebesar The carrying value of asset is immediately
jumlah yang dapat dipulihkan jika nilai tercatat impaired to its recoverable amount if the asset's
aset lebih besar dari estimasi jumlah yang carrying amount is greater than the estimated
dapat dipulihkan. recoverable amount.
Kebijakan berlaku mulai tanggal 1 Januari Policy applicable from 1 January 2023
2023
Ijarah atas aset adalah ijarah atas manfaat dari Ijarah of assets is ijarah for the benefits of
aset ijarah. ijarah assets.
Ijarah muntahiyah bittamlik adalah sewa Ijarah muntahiyah bittamlik is a lease
menyewa antara pemilik objek sewa dan transaction between the lessor and lessee to
penyewa untuk mendapatkan imbalan atas obtain fee from the object leased with the
objek sewa yang disewakan dengan opsi option of transferring the title through purchase
perpindahan hak milik objek sewa baik dengan or grant at a certain time in accordance with the
jual beli atau pemberian (hibah) pada saat lease contract.
tertentu sesuai akad sewa.
Aset yang diperoleh untuk ijarah merupakan Assets acquired for ijarah represent object of
aset yang menjadi objek transaksi sewa atas leased assets and are recorded in the
aset dan dicatat di laporan posisi keuangan statement of financial position at the acquisition
sebesar harga perolehan dikurangi akumulasi cost, net of accumulated depreciation.
penyusutan.
Objek sewa dalam transaksi ijarah atas aset Leased object in ijarah of assets transaction is
disusutkan sesuai kebijakan penyusutan aset depreciated based on the depreciation policy
sejenis, sedangkan objek sewa dalam ijarah for similar assets, while leased object in ijarah
muntahiyah bittamlik disusutkan sesuai masa muntahiyah bittamlik transaction is depreciated
sewa. based on leased term.
Perpindahan hak milik objek sewa kepada The transfer of ownership right on the leased
penyewa dalam ijarah muntahiyah bittamlik object to the lessee in ijarah muntahiyah
dapat dilakukan dengan cara: bittamlik can be conducted through:
(i) hibah; atau (i) a grant; or
(ii) penjualan. (ii) sales.
Nilai tercatat aset segera diturunkan sebesar The carrying value of asset is immediately
jumlah yang dapat dipulihkan jika nilai tercatat impaired to its recoverable amount if the asset's
aset lebih besar dari estimasi jumlah yang carrying amount is greater than the estimated
dapat dipulihkan. recoverable amount.
Halaman - 33 - Page
576 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 579
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
l. Aset yang diperoleh untuk ijarah (lanjutan) l. Assets acquired for ijarah (continued)
Kebijakan berlaku mulai tanggal 1 Januari Policy applicable from 1 January 2023
2023 (lanjutan) (continued)
Ijarah atas jasa (multijasa) adalah ijarah atas Ijarah of services (multiservice) is ijarah for the
manfaat dari jasa. Ijarah multijasa secara tidak benefits of services. Indirect multiservice ijarah
langsung yaitu ijarah atas jasa yang mana is an ijarah for services where another entity
entitas lain yang memberikan jasa kepada provides services to the lessee. Indirect
penyewa. Ijarah multijasa tidak langsung tidak multiservice ijarah does not recognise assets
mengakui aset yang diperoleh untuk ijarah. acquired for ijarah. The Bank recognise the
Bank mengakui saldo pokok ijarah multijasa unpaid principal balance of the multiservice
yang belum dibayar sebagai piutang ijarah ijarah as multiservice ijarah receivable.
multijasa.
m. Aset tetap, aset hak guna, dan aset tidak m. Fixed assets, right-of-use assets, and
berwujud intangible assets
Aset tetap Fixed assets
Aset tetap dinilai sebesar harga perolehan Fixed assets are stated at cost less
dikurangi akumulasi penyusutan, kecuali tanah accumulated depreciation, except for land
dinilai dengan metode revaluasi. Harga which is valued with revaluation method. The
perolehan termasuk pengeluaran yang dapat acquisition cost includes directly attributable
diatribusikan secara langsung atas perolehan cost for the acquisition of the asset. The land is
aset tersebut. Tanah disajikan sebesar nilai stated at fair value, based on the assessment
wajar, berdasarkan penilaian yang dilakukan performed by external independent appraisers
oleh penilai independen eksternal yang telah which are registered with OJK. Valuation are
terdaftar di OJK. Penilaian atas aset tersebut performed regularly every three years to
dilakukan secara berkala setiap tiga tahun ensure that the fair value of the revalued assets
untuk memastikan bahwa nilai wajar aset yang does not differ materially from its carrying
direvaluasi tidak berbeda secara material amount. All other property, plant and
dengan jumlah tercatatnya. Aset tetap lainnya equipment are stated at historical cost less
disajikan sebesar harga perolehan dikurangi depreciation. Historical cost includes
dengan penyusutan. Harga perolehan expenditure that is directly attributable to the
termasuk pengeluaran yang dapat acquisition of the items. Land is not
diatribusikan secara langsung atas perolehan depreciated.
aset tersebut. Tanah tidak disusutkan.
Aset tetap, kecuali tanah, disusutkan sejak Fixed assets, except land, are depreciated from
bulan ketika aset tersebut digunakan dengan the month of the usage of assets and
menggunakan metode garis lurus selama computed using the straight-line method based
taksiran masa manfaat aset sebagai berikut: on the estimated useful life of the assets as
follows:
Tahun/Years
Bangunan 20 Buildings
Instalasi, kendaraan bermotor, Installation, vehicles,
inventaris kantor dan office equipment and
renovasi atas aset sewa 5 leasehold improvement
Nilai sisa aset, masa manfaat dan metode The assets’ residual values, useful lives and
penyusutan ditelaah dan jika perlu depreciation method are reviewed and adjusted
disesuaikan, pada setiap akhir periode if appropriate, at the end of each reporting
pelaporan. period.
Halaman - 34 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 577
Page 580
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Aset tetap, aset hak guna, dan aset tidak m. Fixed assets, right-of-use assets, and
berwujud (lanjutan) intangible assets (continued)
Biaya-biaya setelah pengakuan awal diakui Costs after initial recognition are recognised as
sebagai bagian nilai tercatat aset atau sebagai part of the carrying amount of the asset or as a
aset yang terpisah, sebagaimana mestinya, separate asset, as appropriate, only when the
hanya jika kemungkinan besar Bank mendapat Bank is likely to benefit economically in the
manfaat ekonomis di masa depan berkenaan future with respect to these assets and the
dengan aset tersebut dan biaya perolehan acquisition cost can be reliably measured. The
aset dapat diukur dengan andal. Nilai tercatat carrying value of the replaced part are
dari komponen yang diganti dihapuskan. Biaya removed from the accounts. All other repairs
perbaikan dan pemeliharaan dibebankan ke and maintenance are charged to the statement
dalam laporan laba rugi dan penghasilan of profit or loss and other comprehensive
komprehensif lain dalam tahun keuangan income in the financial period when these costs
ketika biaya-biaya tersebut terjadi. occur.
Kenaikan nilai tercatat yang timbul dari The increase in the carrying amount arising
revaluasi tanah dikreditkan pada “selisih from revaluation of land is credited to "surplus
revaluasi aset tetap” sebagai bagian dari on fixed assets revaluation" as part of other
pendapatan komprehensif lainnya. comprehensive income.
Penurunan yang menghapus nilai kenaikan The decrease in the carrying amount that offset
yang sebelumnya atas aset yang sama previous increase of the same asset is charged
dibebankan terhadap “selisih revaluasi aset to "surplus on fixed assets revaluation" as part
tetap” sebagai bagian dari pendapatan of other comprehensive income, other
komprehensif lainnya; penurunan lainnya decrease is charged to the statement of profit
dibebankan pada laporan laba rugi dan or loss and other comprehensive income.
penghasilan komprehensif lain.
Nilai tercatat aset segera diturunkan sebesar The carrying value of asset is immediately
jumlah yang dapat dipulihkan jika nilai tercatat impaired to its recoverable amount if the
aset lebih besar dari estimasi jumlah yang asset’s carrying amount is greater than the
dapat dipulihkan. estimated recoverable amount.
Apabila aset tetap dilepas, maka nilai harga The net gains or losses arising from disposal of
perolehan dan akumulasi penyusutannya the fixed assets are determined by comparing
dikeluarkan dari laporan posisi keuangan dan the proceeds received from disposal with the
keuntungan atau kerugian bersih atas carrying amount of the assets and recognised
pelepasan aset tetap diakui pada “pendapatan in “non-operating income and expenses” in the
dan beban nonusaha” dalam laporan laba rugi statement of profit or loss and other
dan penghasilan komprehensif lain. Jika aset comprehensive income. When the revalued
yang direvaluasi dijual, jumlah yang dicatat di assets are sold, amounts recorded in equity are
dalam ekuitas dipindahkan ke saldo laba. transferred to retained earnings.
Aset hak guna Right-of-use assets
Pada tanggal permulaan kontrak, Bank menilai At the inception of a contract, the Bank
apakah kontrak merupakan atau mengandung assesses whether the contract is or contains a
sewa. Suatu kontrak merupakan atau lease. A contract is or contains a lease if the
mengandung sewa jika kontrak tersebut contract conveys the right to control the use of
memberikan hak untuk mengendalikan an identified assets for a period of time in
penggunaan aset identifikasian selama suatu exchange for consideration.
jangka waktu untuk dipertukarkan dengan
imbalan.
Bank tidak mengakui aset hak guna dan The Bank does not to recognise the right-of-
liabilitas sewa untuk: use asset and lease liabilities for:
• Sewa dengan jangka waktu kurang atau • Leases with a term of less or equal to 12
sama dengan 12 bulan dan tidak terdapat months and there is no call option; and
opsi beli; dan
• Sewa atas aset dengan nilai rendah. • Leases of low value assets.
•
Halaman - 35 - Page
578 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 581
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Aset tetap, aset hak guna, dan aset tidak m. Fixed assets, right-of-use assets, and
berwujud (lanjutan) intangible assets (continued)
Aset hak guna (lanjutan) Right-of-use assets (continued)
Untuk menilai apakah kontrak memberikan hak To assess whether a contract conveys the right
untuk mengendalikan penggunaan aset to control the use of an identified asset, the
identifikasian, Bank harus menilai apakah: Bank shall assess whether:
• Bank memiliki hak untuk mendapatkan • The Bank has the right to obtain
secara substansial seluruh manfaat substantially all the economic benefit from
ekonomi dari penggunaan aset use of the asset throughout the period of
identifikasian; dan use; and
• Bank memiliki hak untuk mengarahkan • The Bank has the right to direct the use of
penggunaan aset identifikasian. Bank the identified asset. The Bank has the right
memiliki hak ini ketika Bank memiliki hak when it has a relevant decision-making
untuk pengambilan keputusan yang right on how and for what purpose the
relevan tentang bagaimana dan untuk asset is used are predetermined and:
tujuan apa aset digunakan telah ditentukan
sebelumnya dan:
1. Bank memiliki hak untuk 1. The Bank has the right to operate the
mengoperasikan aset; dan asset; and
2. Bank telah mendesain aset dengan 2. The Bank has designed the asset in a
cara menetapkan sebelumnya way that predetermine how and for
bagaimana dan untuk tujuan apa aset what purposes it will be used.
akan digunakan selama periode
penggunaan.
Pada tanggal permulaan sewa, Bank The Bank recognises a right-of-use assets and
mengakui aset hak guna dan liabilitas sewa. a leases liability at the leases commencement
Aset hak guna diukur pada biaya perolehan, date. The right-of-use assets is initially
dimana meliputi jumlah pengukuran awal measured at cost, which comprises the initial
liabilitas sewa yang disesuaikan dengan amount of the leases liability adjusted for any
pembayaran sewa yang dilakukan pada atau leases payment made at or before the
sebelum tanggal permulaan, ditambah dengan commencement date, plus any initial direct cost
biaya langsung awal yang dikeluarkan. Aset incurred. The right-of-use assets is amortised
hak guna diamortisasi dengan menggunakan over the straight-line method throughout the
metode garis lurus sepanjang jangka waktu lease term.
sewa.
Liabilitas sewa diukur pada nilai kini The lease liability is initially measured at the
pembayaran sewa yang belum dibayar pada present value of the lease payments that are
tanggal permulaan, didiskontokan dengan not paid at the commencement date,
menggunakan suku bunga implisit dalam sewa discounted using the interest rate implicit in the
atau jika suku bunga tersebut tidak dapat lease or, if that right cannot be readily
ditentukan, maka menggunakan suku bunga determined, using incremental borrowing rate.
pinjaman inkremental. Pada umumnya, Bank Generally, the Bank uses its incremental
menggunakan suku bunga pinjaman borrowing rate as a discount rate.
inkremental sebagai tingkat bunga diskonto.
Pembayaran sewa dialokasikan menjadi Each leases payment is allocated between the
bagian pokok dan biaya keuangan. Biaya liability and finance cost. The finance cost is
keuangan dibebankan pada laba rugi selama charged to profit or loss over the leases period
periode sewa sehingga menghasilkan tingkat so as to produce a constant periodic rate of
suku bunga periodik yang konstan atas saldo interest on the remaining balance of the liability
liabilitas untuk setiap periode. for each period.
Halaman - 36 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 579
Page 582
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
m. Aset tetap, aset hak guna, dan aset tidak m. Fixed assets, right-of-use assets, and
berwujud (lanjutan) intangible assets (continued)
Aset hak guna (lanjutan) Right-of-use assets (continued)
Jika sewa mengalihkan kepemilikan aset If the leases transfers ownership of the
pendasar kepada Bank pada akhir masa sewa underlying asset to the Bank by the end of the
atau jika biaya perolehan aset hak guna leases term or if the cost of the right-of-use
merefleksikan Bank akan mengeksekusi opsi assets reflects that the Bank will exercise a
beli, maka Bank menyusutkan aset hak guna purchase option, the Bank depreciates the
dari tanggal permulaan hingga akhir umur right-of-use assets from the commencement
manfaat aset pendasar. Jika tidak, maka Bank date to the end of the useful life of the
menyusutkan aset hak guna dari tanggal underlying asset. Otherwise, the Bank
permulaan hingga tanggal yang lebih awal depreciates the right-of-use assets from the
antara akhir umur manfaat aset hak guna atau commencement date to the earlier of the end
akhir masa sewa. of the useful life of the right-of-use assets or
the end of the leases term.
Aset tidak berwujud Intangible assets
Aset tidak berwujud diakui jika, dan hanya jika, Intangible assets are recognised if, and only if
biaya perolehan aset tersebut dapat diukur the cost of the asset can be measured reliably
secara andal dan kemungkinan besar Bank and it is probable that the Bank will obtain
akan memperoleh manfaat ekonomis masa future economic benefits from the assets.
depan dari aset tersebut. Aset tidak berwujud Intangible assets consist of software.
terdiri dari perangkat lunak.
Perangkat lunak yang dibeli oleh Bank dicatat Software acquired by the Bank is recorded at
sebesar biaya perolehan dikurangi akumulasi cost less accumulated amortisation. The
amortisasi. Metode amortisasi, estimasi masa amortisation method, estimated useful life and
manfaat dan nilai residual ditelaah pada setiap residual value are reviewed at the end of each
akhir tahun pelaporan dan disesuaikan jika reporting year and adjusted if deemed
dianggap tepat. appropriate.
Biaya yg dapat diatribusikan secara langsung Directly attributable costs that are capitalised
dikapitalisasi sebagai bagian produk perangkat as part of the software product include the
lunak mencakup beban pekerja pengembang software development employee costs and an
perangkat lunak dan bagian overhead yang appropriate portion of relevant overheads.
relevan.
Biaya yang terkait dengan pemeliharaan Costs associated with maintaining computer
perangkat lunak diakui sebagai beban pada software programs are recognised as an
saat terjadinya. Biaya pengembangan yang expense as incurred. Development costs
sebelumnya diakui sebagai beban, tidak dapat previously recognised as an expense are not
diakui sebagai aset pada periode berikutnya. recognised as an asset in a subsequent
period.
Perangkat lunak diamortisasi sejak bulan Software are amortised from the month of the
ketika aset tersebut digunakan dengan usage of assets and computed using the
menggunakan metode garis lurus selama straight-line method based on the estimated
taksiran masa manfaat aset yaitu 5 tahun. useful life of the assets, which is 5 years.
n. Aset lain-lain n. Other assets
Aset lain-lain antara lain terdiri dari biaya Other assets among other consist of prepaid
dibayar dimuka, pendapatan yang masih akan expense and income receivables and
diterima dan Agunan Yang Diambil Alih foreclosed collaterals (“AYDA”).
(“AYDA”).
Biaya dibayar dimuka diamortisasi selama Prepaid expenses are amortised over the
masa manfaat dengan menggunakan metode useful life using the straight-line method.
garis lurus (straight-line method). Agunan yang Foreclosed collaterals acquired in relation to
diambil alih sehubungan dengan penyelesaian settlement of financing are recognised at net
pembiayaan diakui sebesar nilai realisasi realisable value maximum at the value of
bersih maksimum sebesar kewajiban nasabah. debtors’ obligation. Net realisable value is the
Nilai realisasi bersih adalah nilai wajar aset fair value of the asset after deducting the
setelah dikurangi estimasi biaya pelepasan. estimated disposal costs. Subsequent to initial
Setelah pengakuan awal, AYDA dicatat recognition, foreclosed collaterals are stated at
sebesar nilai yang lebih rendah antara nilai the lower of the carrying value or the recovery
tercatat dengan nilai wajarnya setelah value.
dikurangi biaya untuk menjualnya.
Halaman - 37 - Page
580 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 583
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
o. Liabilitas segera o. Obligations due immediately
Liabilitas segera merupakan liabilitas Bank Obligations due immediately represent the
kepada pihak lain yang sifatnya wajib segera Bank’s obligations to other parties which should
dibayarkan sesuai perintah pemberi amanat be settled immediately based on predetermined
perjanjian yang ditetapkan sebelumnya. instructions by those having the authority.
Liabilitas segera dinyatakan sebesar nilai Obligations due immediately are stated at the
liabilitas Bank kepada pemberi amanat. amounts of the Bank’s liabilities to the
entrustee.
p. Simpanan dari nasabah dan bank lain p. Deposits from customers and other banks
Simpanan merupakan simpanan pihak lain Deposits represent other parties’ deposits in
dalam bentuk giro wadiah dan tabungan the form of wadiah demand deposits and
wadiah. Simpanan dari bank lain dinyatakan wadiah savings deposits. Deposits from other
sebesar nilai kewajiban Bank kepada bank banks are stated at the amounts payable to
lain. other banks.
Giro wadiah digunakan sebagai instrumen Wadiah demand deposits are used as payment
pembayaran dan dapat ditarik setiap saat instruments, available for withdrawal at any
melalui cek dan bilyet giro, serta mendapatkan time through cheque and demand deposit
bonus sesuai dengan kebijakan Bank. Giro drafts and receive bonuses according to the
wadiah dinyatakan sebesar titipan pemegang Bank’s policies. Wadiah demand deposits are
giro di Bank. stated at the amount entrusted by depositors in
the Bank.
Tabungan wadiah adalah simpanan dana Wadiah savings deposits are customers’
nasabah pada Bank, yang bersifat titipan dan deposits in the Bank which can be withdrawn at
penarikannya dapat dilakukan setiap saat. any time. For these deposits, the Bank is not
Terhadap titipan tersebut, Bank tidak required to give any benefits except in terms of
dipersyaratkan untuk memberikan imbalan voluntary bonuses. Wadiah deposits are stated
kecuali dalam bentuk pemberian bonus secara at the amount payable to customers.
sukarela. Tabungan wadiah dinyatakan
sebesar liabilitas Bank.
q. Liabilitas kepada Bank Indonesia q. Liabilities to Bank Indonesia
Liabilitas kepada Bank Indonesia (”PaSBI”) Liability to Bank Indonesia (“PaSBI”) is liquidity
merupakan pengelolaan likuiditas berdasarkan management based on Bank Indonesia sharia
prinsip syariah Bank Indonesia. Bank principles. Bank Indonesia and the Bank
Indonesia dan Bank sepakat melakukan akad agreed to enter into a wakalah bil ististmar
wakalah bil ististmar untuk pengelolaan dana agreement for managing funds with collateral in
dengan agunan berupa surat berharga the form of sharia securities. Funds received
syariah. Dana yang diterima diakui sebagai are recognized as liabilities to Bank Indonesia.
liabilitas kepada Bank Indonesia. Bank The Bank manages funds for overall business
melakukan pengelolaan dana untuk kegiatan investment activities (mutlaqah), returns of
investasi usaha secara keseluruhan managed funds and payment of management
(mutlaqah), pengembalian dana kelolaan dan results (istitsmar) are made at the time of
pembayaran hasil pengelolaan (istitsmar) settlement. Liabilities to Bank Indonesia are
dilakukan pada saat pelunasan. Liabilitas stated at the issuance cash value received
kepada Bank Indonesia dicatat sebesar nilai from sharia securities intervention instrument in
tunai yang diterima dari suatu instrumen a regular monetary operation by Bank
intervensi surat berharga syariah dalam suatu Indonesia.
operasi moneter reguler oleh Bank Indonesia.
Halaman - 38 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 581
Page 584
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
r. Dana syirkah temporer r. Temporary syirkah funds
Dana syirkah temporer adalah investasi yang Temporary syirkah funds represent investment
diterima oleh Bank. Bank mempunyai hak received by the Bank. The Bank has the rights
untuk mengelola dan menginvestasikan dana, to manage and invest the funds in accordance
baik sesuai dengan kebijakan Bank atau with either the Bank’s policy or restriction set by
kebijakan pembatasan dari pemilik dana, the depositors with the agreed profit sharing.
dengan keuntungan dibagikan sesuai dengan An example of temporary syirkah funds is the
kesepakatan. Contoh dari dana syirkah receipt of funds from a mudharabah muthlaqoh,
temporer adalah penerimaan dana dari mudharabah muqayyadah, mudharabah
investasi mudharabah muthlaqoh, musytarokah and other similar accounts. For
mudharabah muqayyadah, mudharabah example: mudharabah demand deposits,
musytarokah, dan akun lain yang sejenis, mudharabah savings deposits and
misalnya: giro mudharabah, tabungan mudharabah time deposits.
mudharabah, dan deposito mudharabah.
Tabungan mudharabah merupakan simpanan Mudharabah savings deposits represent funds
dana pihak lain yang mendapatkan imbalan from other parties which receive predetermined
bagi hasil dari pendapatan Bank atas and pre-agreed profit sharing (nisbah) based
penggunaan dana tersebut dengan nisbah on income derived by the Bank from the use of
yang ditetapkan dan disetujui sebelumnya. such funds. Mudharabah savings deposits are
Tabungan mudharabah dicatat sebesar nilai stated based on the customer’s savings deposit
simpanan dari nasabah. balance.
Deposito mudharabah merupakan simpanan Mudharabah time deposits represent third party
pihak lain yang hanya bisa ditarik pada waktu funds that can be withdrawn only at a certain
tertentu sesuai dengan perjanjian antara point in time based on the agreement between
pemegang deposito mudharabah dengan the depositors and the Bank.
Bank.
Deposito mudharabah dinyatakan sebesar nilai Mudharabah time deposits are stated at
nominal sesuai dengan perjanjian antara nominal amount based on the agreement
pemegang deposito dengan Bank. between the depositors and the Bank.
Dana syirkah temporer tidak dapat digolongkan Temporary syirkah funds cannot be classified
sebagai liabilitas. Hal ini karena Bank tidak as liability. This is because the Bank does not
berkewajiban untuk mengembalikan jumlah have any liability to return the fund to the
dana awal dari pemilik dana kecuali akibat owners, except for losses due to the
kelalaian atau wanprestasi ketika mengalami management’s negligence or
kerugian. misrepresentation.
Di sisi lain dana syirkah temporer tidak dapat On the other hand, temporary syirkah funds
digolongkan sebagai ekuitas karena cannot also be classified as equity, because of
mempunyai waktu jatuh tempo dan pemilik the existence of maturity period and the
dana tidak mempunyai hak kepemilikan yang absence of similar rights of depositors as with
sama dengan pemegang saham, seperti hak shareholders, such as voting rights and the
voting dan hak atas realisasi keuntungan yang rights to realise gain from current assets and
berasal dari aset lancar dan aset noninvestasi. other non-investment assets.
Dana syirkah temporer merupakan salah satu Temporary syirkah funds represent one of the
unsur laporan posisi keuangan, hal tersebut statement of financial position accounts which
sesuai dengan prinsip syariah yang is in accordance with sharia principles that
memberikan hak kepada Bank untuk provide rights to the Bank to manage and
mengelola dan menginvestasikan dana, invest funds, including mixing of one fund with
termasuk untuk mencampur dana dimaksud the other funds.
dengan dana lainnya.
Halaman - 39 - Page
582 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 585
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
r. Dana syirkah temporer (lanjutan) r. Temporary syirkah funds (continued)
Pemilik dana syirkah temporer memperoleh The owners of temporary syirkah funds receive
bagian atas keuntungan sesuai kesepakatan parts of profit in accordance with the
dan menerima kerugian berdasarkan jumlah agreement and receive loss based on the
dana dari masing-masing pihak. Pembagian proportion of fund from each parties. The profit
hasil dana syirkah temporer dapat dilakukan distribution of temporary syirkah funds might be
dengan konsep bagi hasil atau bagi based on profit sharing or revenue sharing
keuntungan. concept.
s. Pendapatan pengelolaan dana sebagai s. Income from fund management as
mudharib mudharib
Pendapatan pengelolaan dana sebagai Income from fund management as mudharib
mudharib terdiri dari pendapatan dari transaksi consists of income from murabahah
piutang murabahah, istishna, pendapatan dari receivables transactions, istishna receivables,
ijarah, pendapatan bagi hasil dari pembiayaan income from ijarah, profit sharing from
mudharabah dan musyarakah dan pendapatan mudharabah and musyarakah financing and
usaha utama lainnya. other main operating income.
Pendapatan atas piutang murabahah Income from murabahah receivables is
menggunakan metode setara tingkat imbal recognised using the effective rate of return
hasil efektif (margin efektif). Margin efektif method (effective margin). Effective margin is
adalah margin yang secara tepat the margin that precisely discounts the
mendiskontokan estimasi pembayaran atau estimated future cash payments or receipts
penerimaan kas di masa datang selama through the expected life of the murabahah
perkiraan umur dari piutang murabahah. receivables.
Pada saat menghitung margin efektif, Bank When calculating the effective margin, the
mengestimasi arus kas di masa datang Bank estimates the future cash flows
dengan mempertimbangkan seluruh considering all contractual terms of the financial
persyaratan kontraktual dalam instrumen instrument, but does not consider the loss of
keuangan tersebut, tetapi tidak receivables in the future. This calculation
mempertimbangkan kerugian piutang di masa includes all commissions, provision fees and
mendatang. Perhitungan ini mencakup seluruh other forms accepted by the parties in the
komisi, provisi dan bentuk lain yang diterima contract that are an inseparable part of the
oleh para pihak dalam kontrak yang effective margin, transaction costs and all other
merupakan bagian tak terpisahkan dari margin premiums or discounts.
efektif, biaya transaksi dan seluruh premi atau
diskon lainnya.
Pendapatan istishna diakui apabila telah Income from istishna is recognised at the date
terjadi penyerahan barang. of transfer of assets.
Sebelum 1 Januari 2023, pendapatan ijarah Before 1 January 2023, income from Ijarah is
diakui selama masa akad secara proporsional. recognised proportionately over the contract
period.
Setelah 1 Januari 2023, pendapatan ijarah After 1 January 2023, income from ijarah
muntahiyah bittamlik (“IMBT”) diakui selama muntahiyah bittamlik (“IMBT”) is recognised
masa akad secara merata sejak aset tersedia over the contract period evenly from the time
sampai akhir akad. Bank mengakui the assets become available until the end of
pendapatan ijarah multijasa porsi pokok sejak the contract. The Bank recognises the principal
nasabah menerima jasa dari pihak penyedia portion of income from multi-services ijarah
jasa berdasarkan kemajuan jasa yang from the time the customer receives services
diberikan dan sejumlah biaya jasa yang harus from the service provider based on the
dibayarkan Bank kepada pihak penyedia jasa. progress of the services provided and the
Bank mengakui pendapatan margin ijarah amount of service fees that must be paid by the
multijasa secara merata setelah selesainya Bank to the service provider. The Bank
pemberian jasa oleh pihak penyedia jasa recognises income from multi-services ijarah
selama masa akad ijarah antara Bank dan margin evenly after the completion of service
nasabah. Pendapatan IMBT dan ijarah by the service provider during the period of the
multijasa disajikan secara neto setelah ijarah contract between the Bank and the
dikurangi beban terkait di laba rugi. customer. Income from IMBT and multi-
services ijarah are presented on a net basis
after deducting the related expenses in profit or
loss.
Halaman - 40 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 583
Page 586
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
s. Pendapatan pengelolaan dana sebagai s. Income from fund management as
mudharib (lanjutan) mudharib (continued)
Pendapatan usaha musyarakah yang menjadi Musyarakah income which is distributed to
hak mitra aktif diakui sebesar haknya sesuai active partners is recognised in accordance
dengan kesepakatan, sedangkan pendapatan with the agreement, while musyarakah income
usaha untuk mitra pasif diakui sebagai hak which is distributed to passive partners is
pihak mitra pasif atas bagi hasil dan liabilitas. recognised as right of the passive partner to
profit sharing and liability.
Pendapatan usaha mudharabah diakui dalam Income from mudharabah is recognised during
periode terjadinya hak bagi hasil sesuai nisbah the period of profit sharing in accordance with
yang disepakati dan tidak diperkenankan the agreed nisbah, while recognition based on
mengakui pendapatan dari proyeksi hasil projected income is not allowed. Loss incurred
usaha. Kerugian akibat kelalaian atau due to negligence on the part of fund manager
kesalahan pengelola dana dibebankan pada is charged to the fund manager and shall not
pengelola dana dan tidak mengurangi reduce the mudharabah investment.
investasi mudharabah.
Pendapatan usaha utama lainnya terdiri dari Other main operating income consists of
pendapatan dari pinjaman qardh, pendapatan income derived from funds of qardh, Bank
dari Deposito Berjangka Syariah Bank Indonesia Sharia Term Deposits, FASBIS,
Indonesia, pendapatan dari FASBIS, placements with other sharia banks and profit
pendapatan dari penempatan pada bank sharing from investment in marketable
syariah lain dan pendapatan bagi hasil securities.
investasi pada surat berharga.
t. Hak pihak ketiga atas bagi hasil dana t. Third parties' share on return of temporary
syirkah temporer syirkah funds
Hak pihak ketiga atas bagi hasil dana syirkah Third parties’ share on return of temporary
temporer merupakan bagian bagi hasil milik syirkah funds represents third parties’ share on
pihak ketiga yang didasarkan pada prinsip the income of the Bank derived from managing
mudharabah mutlaqah atas pengelolaan dana of such funds by the Bank under mudharabah
mereka oleh Bank. Pendapatan yang mutlaqah principles. The profit sharing is
dibagikan adalah pendapatan yang telah distributed on the cash basis.
diterima (cash basis).
Bagian laba Bank yang dibagikan kepada The profit sharing distributed to fund owners is
pemilik dana dihitung dari pendapatan yang calculated based on the revenue of the Bank.
telah diterima.
Jumlah pendapatan margin dan bagi hasil atas Margin income and profit sharing on financing
pembiayaan yang diberikan dan dari aset facilities and other earning assets are
produktif lainnya yang akan dibagikan kepada distributed to fund owners. The Bank computes
nasabah penyimpan dana. Bank menghitung proportionately based on the allocation of funds
secara proporsional sesuai dengan alokasi from owners and the Bank which was used in
dana nasabah dan Bank yang dipakai dalam financing and other earning assets granted.
pembiayaan yang diberikan dan aset produktif
lainnya yang disalurkan.
Dari jumlah pendapatan margin dan bagi hasil The total available margin and profit sharing
yang tersedia untuk nasabah tersebut are distributed to customers and depositors as
kemudian dibagihasilkan kepada nasabah shahibul maal and to the Bank as mudharib in
penabung dan deposan sebagai shahibul maal accordance with a predetermined nisbah, while
dan Bank sebagai mudharib sesuai dengan for customers of demand deposits and savings
porsi nisbah bagi hasil yang telah disepakati deposits under wadiah contract might be
bersama sebelumnya, sedangkan untuk granted bonuses according to the Bank’s
nasabah giro dan tabungan dengan akad policy.
wadiah dapat diberikan bonus berdasarkan
kebijakan Bank.
Pendapatan margin dan bagi hasil atas Margin income and profit sharing from
pembiayaan yang diberikan dan aset produktif financing and other earning assets which are
lainnya yang didapatkan melalui penggunaan earned through the use of the Bank's funds, are
dana Bank, seluruhnya menjadi milik Bank, entirely entitled to the Bank, including income
termasuk pendapatan dari investasi Bank from the Bank's fee-based investments.
berbasis imbalan.
Halaman - 41 - Page
584 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 587
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
u. Pendapatan imbalan jasa perbankan u. Fee based income from banking services
Pendapatan imbalan jasa perbankan diakui Fee based income from banking services is
pada periode akuntansi dimana jasa diberikan, recognised in the accounting period in which
dengan mengacu pada tingkat penyelesaian the services are rendered, by reference to the
dari suatu transaksi dan dinilai berdasarkan stage of completion of the specific transaction
jasa aktual yang telah diberikan sebagai and assessed on the basis of the actual service
proporsi atas total jasa yang harus diberikan. provided as a proportion of the total service to
be provided.
v. Imbalan kerja v. Employee benefits
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek seperti upah, Short-term employee benefits such as salaries,
iuran jaminan sosial, cuti jangka pendek dan social security contributions, short-term leaves
tunjangan hari raya diakui selama tahun and allowance of feast day are recognised
berjalan jasa diberikan. Imbalan jangka during the period when services have been
pendek dihitung sebesar jumlah yang tidak rendered. Short-term employee benefits are
didiskontokan. measured using undiscounted amounts.
Program pensiun iuran pasti Defined contribution plan
Iuran kepada dana pensiun sebesar Contribution payable to the pension fund
persentase tertentu gaji pegawai yang menjadi equivalent to a certain percentage of salaries
peserta program pensiun iuran pasti Bank. for qualified employees under the Bank’s
Iuran dicadangkan dan diakui sebagai biaya defined contribution plan. The contribution is
ketika jasa telah diberikan oleh pegawai- accrued and recognised as expense when
pegawai tersebut dan pembayarannya services have been rendered by qualified
dikurangkan dari utang iuran. Iuran terutang employees and actual payments are deducted
dihitung berdasarkan jumlah yang tidak from the contribution payable. Contribution
didiskontokan. payable is measured using undiscounted
amounts.
Program imbalan pasti dan imbalan kerja Defined benefit plan and other long-term
jangka panjang lainnya employee benefits
Imbalan pasca kerja dan imbalan kerja jangka The post-employment benefits and other long-
panjang lainnya seperti cuti besar diakui term employee benefits such as grand leaves
sebagai biaya ketika jasa telah diberikan oleh are recognised as expense when services have
pegawai yang memenuhi syarat. Imbalan kerja been rendered by qualified employees. The
ditentukan berdasarkan peraturan Bank dan benefits are determined based on Bank
Undang-Undang Cipta Kerja No. 11 Tahun regulations and Labor Law No. 11 of 2020
2020 tanggal 2 November 2021. dated 2 November 2021.
Imbalan pasca kerja dan imbalan kerja jangka The post-employment benefits and other long-
panjang lainnya secara aktuaris ditentukan term employee benefits are actuarially
berdasarkan metode Projected Unit Credit. determined using the Projected Unit Credit
method.
Pengukuran kembali atas liabilitas (aset) Remeasurement of defined benefit liabilities
imbalan pasti bersih, yang diakui sebagai (assets) net, which is recognised as other
penghasilan komprehensif lain terdiri atas: comprehensive income consist of:
(i) Keuntungan dan kerugian aktuarial; (i) Actuarial gain and losses;
(ii) Imbal hasil atas aset program, tidak (ii) Return on plan assets, excluding amounts
termasuk jumlah yang dimasukkan dalam that is included in net interest on liabilities
bunga bersih atas liabilitas (aset); dan (assets); and
(iii) Setiap perubahan dampak batas aset, (iii) The effect of the asset ceiling, excluding
tidak termasuk jumlah yang dimasukkan amounts included in the net interest of
dalam bunga bersih atas liabilitas (aset). liabilities (assets).
Halaman - 42 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 585
Page 588
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
v. Imbalan kerja (lanjutan) v. Employee benefits (continued)
Program imbalan pasti dan imbalan kerja Defined benefit plan and other long-term
jangka panjang lainnya (lanjutan) employee benefits (continued)
Pengukuran kembali atas liabilitas (aset) Remeasurement of defined benefit liabilities
imbalan pasti - bersih, yang diakui sebagai (assets) - net, which is recognised as other
penghasilan komprehensif lain tidak comprehensive income is not reclassified to
direklasifikasi ke laba rugi pada periode profit or loss in the subsequent periods.
berikutnya.
Untuk imbalan kerja jangka panjang lain atas For other long-term employee benefits: current
biaya jasa kini, biaya bunga bersih atas service cost, net interest expense of net defined
liabilitas (aset) imbalan pasti bersih dan benefit liabilities (assets) and re-measurement
pengukuran kembali liabilitas (aset) imbalan of liabilities (assets) is recognised immediately
pasti bersih langsung diakui pada laporan laba in the current year statement of profit or loss
rugi dan penghasilan komprehensif lain tahun and other comprehensive income.
berjalan.
Biaya jasa lalu diakui sebagai beban pada Past service costs are recognised as expense
tanggal yang lebih awal antara ketika at the earlier date between the occurrence of
amendemen atau kurtailmen program terjadi, the amendments or curtailment program occurs,
dan ketika biaya restrukturisasi atau pesangon and the recognition of the costs of restructuring
diakui, sehingga biaya jasa lalu yang belum or severance. Therefore, unvested past service
vested tidak lagi dapat ditangguhkan dan cost can no longer be deferred and recognised
diakui selama periode vesting masa depan. over the future vesting period.
w. Perpajakan w. Taxation
Beban pajak tahun berjalan ditetapkan Current tax expense is provided based on the
berdasarkan taksiran penghasilan kena pajak estimated taxable income for the current year.
tahun berjalan. Aset dan liabilitas pajak Deferred tax assets and liabilities are
tangguhan diakui atas perbedaan temporer recognised for temporary differences between
aset dan liabilitas antara pelaporan komersial the financial and the tax bases of assets and
dan pajak pada setiap tanggal pelaporan. liabilities at each reporting date.
Aset pajak tangguhan diakui untuk seluruh Deferred tax assets are recognised for all
perbedaan temporer yang boleh dikurangkan deductible temporary differences and carry
dan saldo rugi fiskal yang belum forward of uncompensated tax losses to the
dikompensasikan, sepanjang perbedaan extent that it is probable that those temporary
temporer dan rugi fiskal yang belum differences and carry forward of
dikompensasikan tersebut dapat dimanfaatkan uncompensated tax losses will be utilised in
untuk mengurangi laba fiskal pada masa yang deducting future taxable profit.
akan datang.
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of deferred tax assets is
pada setiap tanggal posisi keuangan dan nilai reviewed at each reporting date and is
tercatat aset pajak tangguhan tersebut reduced when it is no longer probable that
diturunkan apabila tidak lagi terdapat sufficient taxable profits will be available to
kemungkinan besar bahwa laba fiskal yang compensate part or all of the benefit of the
memadai akan tersedia untuk deferred tax assets.
mengkompensasi sebagian atau semua
manfaat aset pajak tangguhan.
Perubahan terhadap liabilitas pajak diakui Amendment to tax obligation is recorded when
pada saat surat ketetapan pajak diterima, atau an assessment letter is received or, if objected
apabila diajukan keberatan dan atau banding to or appealed against by the Bank, when the
oleh Bank, pada saat telah ada keputusan atas result of such appeal or objection is
banding dan atau keberatan tersebut. Jika determined. If needed, management will
perlu, manajemen akan membentuk provisi provide provisions based on the estimated
berdasarkan jumlah yang diestimasikan akan amount which will be paid to tax authority.
dibayar kepada otoritas pajak.
Halaman - 43 - Page
586 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 589
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
w. Perpajakan (lanjutan) w. Taxation (continued)
Aset dan liabilitas atas pajak tangguhan dan Assets and liabilities on deferred tax and
pajak kini dapat saling hapus apabila terdapat current tax can be offset if there is a legal
hak yang berkekuatan hukum untuk enforceable right to offset.
melakukan saling hapus.
Aset dan liabilitas pajak tangguhan diukur Deferred tax assets and liabilities are
berdasarkan tarif pajak yang akan berlaku measured at the tax rates that are expected to
pada tahun saat aset direalisasikan atau apply to the year when the asset is realised or
liabilitas diselesaikan berdasarkan peraturan the liability is settled based on tax laws that
perpajakan yang berlaku atau yang telah have been enacted or substantively enacted
secara substantif diberlakukan pada tanggal as at statement of financial position dates. The
laporan posisi keuangan. Pengaruh pajak related tax effects of the provisions for and/or
terkait dengan penyisihan untuk dan/atau reversals of all temporary differences during
pembalikan seluruh perbedaan temporer the year, including the effect of change in tax
selama tahun berjalan, termasuk pengaruh rates, are recognised as “Income Tax
perubahan tarif pajak, diakui sebagai Benefit/(Expense)” and included in the net
“Manfaat/(Beban) Pajak Penghasilan” dan profit or loss for the year, except to the extent
termasuk dalam laba atau rugi bersih tahun that they relate to items previously charged to
berjalan, kecuali untuk transaksi-transaksi other comprehensive income and reported to
yang sebelumnya telah langsung dibebankan equity.
ke laba komprehensif lainnya dan dilaporkan
ke ekuitas.
x. Transaksi dan saldo mata uang asing x. Transaction and balance in foreign
currency
Bank menyelenggarakan catatan akuntansinya The Bank maintains its accounting records in
dalam Rupiah Indonesia sebagai mata uang Indonesian Rupiah as the functional currency.
fungsional. Transaksi yang melibatkan mata Transactions in foreign currencies are
uang asing dicatat pada nilai tukar pada saat recorded at the prevailing exchange rates in
terjadinya transaksi. effect on the date of the transactions.
Pada tanggal laporan posisi keuangan, aset At statement of financial position dates, all
dan liabilitas moneter dalam mata uang asing monetary assets and liabilities denominated in
dijabarkan ke dalam mata uang Rupiah foreign currencies are translated into Rupiah
dengan menggunakan kurs Reuters pada using the Reuters spot rates at 16:00 WIB
pukul 16:00 WIB (Waktu Indonesia Bagian (Western Indonesian Time).
Barat).
Keuntungan atau kerugian yang timbul The resulting gains or losses from the
sebagai akibat dari penjabaran aset dan translation of monetary assets and liabilities in
liabilitas moneter dalam mata uang asing foreign currencies are recognised in the
dicatat dalam laporan laba rugi dan statement of profit or loss and other
penghasilan komprehensif lain tahun berjalan. comprehensive income for the current year.
Kurs mata uang asing yang digunakan untuk The exchange rates used in translating foreign
penjabaran mata uang asing terhadap Rupiah currency amounts into Rupiah are as follows
adalah sebagai berikut (nilai penuh): (full amount):
2023 2022
1 Dolar Amerika Serikat 15,397.00 15,567.50 1 United States Dollar
1 Riyal Arab Saudi 4,106.00 4,139.00 1 Saudi Arabian Riyal
1 Euro Eropa 17,038.32 16,581.72 1 European Euro
1 Dolar Singapura 11,676.34 11,592.88 1 Singapore Dollar
1 Dolar Australia 10,520.77 10,557.88 1 Australian Dollar
1 Dolar Hong Kong 1,970.73 1,996.55 1 Hong Kong Dollar
1 Pound Sterling Inggris 19,626.56 18,786.09 1 Great Britain Pound Sterling
1 Yen Jepang 108.88 117.81 1 Japan Yen
1 Dolar Kanada 11,629.59 11,486.39 1 Canadian Dollar
1 Franc Swiss 18,299.27 16,827.00 1 Swiss Franc
1 Yuan China 2,170.06 2,234.50 1 Chinese Yuan
1 Dirham Uni Emirat Arab 4,192.50 - 1 United Arab Emirates Dirham
Halaman - 44 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 587
Page 590
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
y. Pembiayaan berjangka mudharabah y. Mudharabah term financing
Pembiayaan berjangka mudharabah Mudharabah term financing is a joint financing
merupakan pembiayaan kerjasama antara made between the Bank as the business
Bank sebagai pelaksana usaha (mudharib) executor (mudharib) and the other bank as the
dengan bank lain sebagai pemilik dana owner of the funds (shahibul maal) during a
(shahibul maal) selama jangka waktu tertentu. certain period. The funds received from the
Dana yang diterima dari pemilik dana diakui fund owners are recognised as temporary
sebagai dana syirkah temporer sebesar jumlah syirkah funds amounting to the cash received.
kas yang diterima. Pada tanggal laporan posisi On the statement of financial position date,
keuangan, dana syariah temporer diukur dan temporary sharia funds are measured and
disajikan sebesar nilai tercatat. presented at the carrying amount.
Hak pemilik dana atas bagi hasil usaha yang The right of the fund owner to the profit sharing
sudah diperhitungkan tetapi belum dibagikan that has been calculated but has not yet been
kepada pemilik dana diakui sebagai liabilitas. distributed to the fund owner is recognised as a
liability.
z. Sukuk mudharabah z. Sukuk mudharabah
Sukuk mudharabah diakui sebesar nilai wajar Sukuk mudharabah is initially recognised at fair
pada awalnya dan selanjutnya diukur sebesar value and subsequently measured at amortised
biaya perolehan diamortisasi dengan cost using a straight-line method. Amortised
menggunakan garis lurus. Biaya perolehan cost is calculated by taking into account any
diamortisasi dihitung dengan discount or premium associated to the initial
memperhitungkan adanya diskonto atau premi recognition and transaction cost. The funds
terkait dengan pengakuan awal dan biaya received from the fund owners are recognised
transaksi. Dana yang diterima dari pemilik as temporary syirkah funds.
dana diakui sebagai dana syirkah temporer.
aa. Laba per saham aa. Earnings per share
Laba per lembar saham dasar dihitung dengan Basic earnings per share is calculated by
membagi laba tahun berjalan dengan jumlah dividing income for the year by the weighted
rata-rata tertimbang saham yang ditempatkan average number of issued and fully paid-up
dan disetor penuh pada tahun yang shares during the related year.
bersangkutan.
ab. Provisi ab. Provisions
Provisi diakui jika Bank memiliki kewajiban kini Provisions are recognised when the Bank has a
(baik bersifat hukum maupun bersifat present obligation (legal or constructive), as a
konstruktif), akibat peristiwa masa lalu, besar result of a past event, it is probable that an
kemungkinannya penyelesaian kewajiban outflow of resources embodying economic
tersebut mengakibatkan arus keluar sumber benefits will be required to settle the obligation
daya yang mengandung manfaat ekonomi dan and a reliable estimate can be made of the
estimasi yang andal mengenai jumlah amount of the obligation.
kewajiban tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan and adjusted to reflect the current best
estimasi terbaik yang paling kini. Jika arus estimate. If it is no longer probable that an
keluar sumber daya untuk menyelesaikan outflow of resources embodying economic
kewajiban kemungkinan besar tidak terjadi, benefits will be required to settle the obligation,
maka provisi dibalik. the provision is reversed.
Halaman - 45 - Page
588 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 591
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI MATERIAL 2. SUMMARY OF MATERIAL ACCOUNTING
(lanjutan) POLICIES (continued)
ac. Sumber dana kebajikan ac. Source of qardhul hasan funds
Sesuai dengan Fatwa DSN-MUI Based on Fatwa DSN-MUI
No. 123/DSN-MUI/XI/2018, Sumber Dana No. 123/DSN-MUI/XI/2018, source of Qardhul
Kebajikan yang didapat berasal dari Dana Hasan Funds is acquired from Funds that are
yang Tidak Boleh Diakui Sebagai Pendapatan Prohibited to be Recognised as Revenue
(Dana TBDSP) apabila berasal dari: (TBDSP Funds), if the funds come from:
1. Transaksi tidak sesuai dengan prinsip 1. 1. The transaction that is not accordance
syariah yang tidak dapat dihindarkan with sharia principle and cannot be
termasuk pendapatan bunga (riba). avoided include interest revenue (riba).
2. Transaksi syariah yang tidak terpenuhi 2. 2. The sharia transaction does not fulfilling
ketentuan dan batasannya (rukun the term and condition (principle and/or
dan/atau syaratnya). requirement.
3. Dana sanksi (denda) karena tidak 3. Penalty funds (fines) because of not
memenuhi kewajiban sesuai fulfilling the obligation on initial contract.
kesepakatan.
4. Dana yang tidak diketahui pemiliknya, 4. Unknown funds, the owner is known but
diketahui pemiliknya tetapi tidak was not found or the owner is known but
ditemukan atau diketahui pemiliknya return cost is higher than the stated
tetapi biaya pengembaliannya lebih besar amount.
dari jumlah dana tersebut.
ad. Segmen operasi ad. Operating segment
Segmen adalah bagian yang dapat dibedakan A segment is a distinguishable component of
dari Bank yang terlibat baik dalam the business unit that is engaged either in
menyediakan produk tertentu (segmen usaha), providing certain products (business segment),
maupun dalam menyediakan produk dalam or in providing products within a particular
lingkungan ekonomi tertentu (segmen economic environment (geographical
geografis), yang memiliki risiko dan imbalan segment), which is subject to risks and
yang berbeda dengan segmen lainnya. rewards that are different from those of other
segments.
Pendapatan, beban, hasil, aset dan liabilitas Segment revenue, expenses, results, assets
segmen mencakup hal-hal yang dapat and liabilities include items directly attributable
diatribusikan langsung kepada suatu segmen to a segment as well as those that can be
serta hal-hal yang dapat dialokasikan dengan allocated on a reasonable basis to that
dasar yang sesuai kepada segmen tersebut. segment.
Bank menyajikan segmen operasi berdasarkan The Bank presents operating segment based
laporan internal yang disajikan kepada Direksi on the Bank’s internal report that is presented
sebagai pengambil keputusan operasional dan to the Board of Directors as the chief operating
keuangan. decision maker.
Di tahun 2022, Bank menerapkan perubahan In 2022, the Bank implements some changes
terhadap penyajian segmen operasi yang in presentation of its operational segments for
digunakan dalam laporan kinerja manajemen the internal management performance report.
internal. Bank telah mengidentifikasi dan The Bank has identified and disclosed financial
mengungkapkan informasi keuangan information based on main business (business
berdasarkan kegiatan bisnis utama (segmen segment) classified into Corporate Banking,
usaha) yang terbagi atas kelompok Corporate Commercial Banking, Institutional Relation,
Banking, Commercial Banking, Hubungan Retail and Treasury Banking & Head Office.
Kelembagaan, Ritel, dan Treasury Banking &
Kantor Pusat.
Halaman - 46 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 589
Page 592
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING AND JUDGMENTS
Beberapa estimasi dan asumsi dibuat dalam Certain estimates and assumptions are made in
rangka penyusunan laporan keuangan dimana the preparation of the financial statements and
dibutuhkan pertimbangan manajemen dalam these require management judgment in
menentukan metodologi yang tepat untuk penilaian determining the appropriate methodology for
aset dan liabilitas. valuation of assets and liabilities.
Manajemen membuat estimasi dan asumsi yang Management makes estimates and assumptions
berimplikasi pada pelaporan nilai aset dan liabilitas that affect the reported amounts of assets and
atas tahun keuangan satu tahun ke depan. Semua liabilities within the next financial year. All
estimasi dan asumsi yang diharuskan oleh PSAK estimates and assumptions required in conformity
adalah estimasi terbaik yang didasarkan pada with SFAS are best estimates undertaken in
standar yang berlaku. Estimasi dan pertimbangan accordance with the applicable standard. Estimates
dievaluasi secara terus menerus dan berdasarkan and judgments are evaluated on a continuous
pengalaman masa lalu dan faktor-faktor lain basis and are based on past experiences and other
termasuk harapan atas kejadian yang akan datang. factors, including expectations with regard to future
events.
Walaupun estimasi dan asumsi ini dibuat Although these estimates and assumptions are
berdasarkan pengetahuan terbaik manajemen atas based on management’s best knowledge of current
kejadian dan aktivitas saat ini, hasil yang timbul events and activities, actual result may differ from
mungkin berbeda dengan estimasi dan asumsi those estimates and assumptions.
semula.
Sumber utama ketidakpastian estimasi: Key sources of estimation uncertainty:
a. Cadangan kerugian penurunan nilai pada a. Allowance for impairment losses on
piutang, pinjaman qardh, dan pembiayaan receivables, funds of qardh, and financing
Bank menelaah kualitas aset pada setiap The Bank examines the quality of assets at
tanggal laporan posisi keuangan untuk menilai statement of financial position date to assess
apakah penurunan nilai harus dicatat dalam whether impairment should be recorded in the
laporan laba rugi dan penghasilan komprehensif statement of profit or loss and other
lain. Dalam menentukan apakah penurunan comprehensive income. In determining whether
nilai harus dibentuk dalam laporan laba rugi, a provision for impairment losses should be
Bank membuat estimasi penilaian apakah recognised in the profit or loss, the Bank makes
terdapat indikasi penurunan kualitas aset. estimation of whether there is any indication of
Estimasi tersebut didasarkan pada asumsi dari impairment in the asset quality. Such estimates
sejumlah aset dan hasil akhirnya mungkin are based on the assumption of a number of
berbeda, yang mengakibatkan perubahan di factors, and the end result may differ, resulting
masa mendatang atas cadangan penurunan in future changes to allowance for impairment.
nilai.
Kondisi spesifik counterparty yang mengalami The specific condition of impaired counterparty
penurunan nilai dalam pembentukan cadangan in calculating allowances for impairment losses
kerugian atas piutang, pinjaman qardh, dan on receivables, funds of qardh, and financing is
pembiayaan dievaluasi secara individu evaluated individually based on management’s
berdasarkan estimasi terbaik manajemen atas best estimate of the present value of the
nilai kini arus kas yang diharapkan akan expected cash in flows. In estimating these
diterima. Dalam mengestimasi arus kas cash flows, management makes judgments
tersebut, manajemen membuat pertimbangan about the counterparty’s financial situation
tentang situasi keuangan counterparty dan/atau and/or the net realisable value of any
nilai realisasi bersih dari setiap agunan. Setiap underlying collateral. Each impaired assets is
aset yang mengalami penurunan nilai dinilai assessed on its merits, the workout strategy
sesuai dengan manfaat yang ada, dan strategi and estimated recoverable cash flows.
penyelesaian serta estimasi arus kas yang
diperkirakan dapat diterima.
Halaman - 47 - Page
590 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 593
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
a. Cadangan kerugian penurunan nilai pada a. Allowance for impairment losses on
piutang, pinjaman qardh, dan pembiayaan receivables, funds of qardh, and financing
(lanjutan) (continued)
Perhitungan cadangan penurunan nilai kolektif Collectively assessed impairment allowances
meliputi kerugian pembiayaan yang melekat cover financing losses inherent in portfolios of
dalam portofolio piutang, pinjaman qardh, dan receivables, funds of qardh, and financing with
pembiayaan dengan karakteristik ekonomi yang similar economic characteristics when there is
sama ketika terdapat bukti objektif penurunan objective evidence of impairment, yet the
nilai, tetapi penurunan nilai secara individu individual impaired items cannot be identified.
belum dapat diidentifikasi. Dalam menilai In assessing the need for collective allowances,
kebutuhan untuk cadangan kolektif, manajemen management considers factors such as
mempertimbangkan faktor-faktor seperti kualitas financing quality and product segmentation. In
piutang dan segmentasi. Guna membuat order to estimate the required allowance,
estimasi cadangan yang diperlukan, assumptions are made to define the way
manajemen membuat asumsi untuk inherent losses are modelled and to determine
menentukan kerugian yang melekat, dan untuk the required input parameters, based on
menentukan parameter input yang diperlukan, historical experience and current economic
berdasarkan pengalaman masa lalu dan kondisi conditions. The accuracy of the allowances
ekonomi saat ini. Keakuratan penyisihan depends on how well these estimate future
tergantung pada seberapa baik estimasi arus cash flows for specific counterparty allowances
kas masa depan untuk cadangan counterparty and the model assumptions and parameters
tertentu dan asumsi model dan parameter yang used in determining collective allowances (Note
digunakan dalam menentukan cadangan 2d, 9, 10, 11, 12, 45a).
kolektif (Catatan 2d, 9, 10, 11, 12, 45a).
b. Kewajiban imbalan kerja karyawan b. Employee benefits liabilities
Nilai kini atas imbalan kerja karyawan The present value of the employee benefit
tergantung dari banyaknya faktor yang obligations depends on a number of factors that
dipertimbangkan oleh aktuaris berdasarkan are determined on an actuarial basis using a
beberapa asumsi. Perubahan atas asumsi- number of assumptions. Any changes in these
asumsi tersebut akan mempengaruhi carrying assumptions will impact the carrying amount of
amount atas imbalan kerja karyawan. employee benefit obligations.
Asumsi yang digunakan untuk menentukan The assumptions used in determining the net
biaya atau pendapatan untuk imbalan kerja cost or income for employee benefits include the
mencakup tingkat diskonto dan kenaikan gaji discount rate and future salary increase. Any
di masa datang. Adanya perubahan pada changes in these assumptions will have an
asumsi ini akan mempengaruhi jumlah tercatat impact on the carrying amount of employee
kewajiban imbalan kerja karyawan. benefits liabilities.
Bank menentukan tingkat diskonto yang tepat The Bank determines the appropriate discount
pada setiap periode pelaporan. Ini merupakan rate at the reporting period. This is the interest
tingkat suku bunga yang digunakan untuk rate that should be used to determine the
menentukan nilai kini atas arus kas masa present value of estimated future cash outflows
depan yang diestimasi akan digunakan untuk expected to be required to settle the pension
membayar imbalan kerja. Dalam menentukan obligations. In determining the appropriate
tingkat diskonto yang tepat, Bank discount rate, the Bank considers the interest
mempertimbangkan tingkat suku bunga atas rates of Government Bonds that have terms to
Obligasi Pemerintah yang mempunyai jatuh maturity approximating the terms of the related
tempo yang menyerupai jangka waktu imbalan employee benefit liabilities.
kerja karyawan.
Untuk tingkat kenaikan gaji masa datang, Bank For the rate of future salary increases, the Bank
mengumpulkan data historis mengenai collects all historical data relating to changes in
perubahan gaji dasar pekerja dan base salaries and adjusts it for future business
menyesuaikannya dengan perencanaan bisnis plans.
masa datang.
Asumsi kunci liabilitas pensiun lainnya Other key assumptions for pension obligations
sebagian ditentukan berdasarkan kondisi are partly based on current market conditions.
pasar saat ini.
c. Perpajakan c. Taxation
Bank menentukan provisi perpajakan The Bank provides for tax provision based on
berdasarkan estimasi atas kemungkinan estimates whether the additional taxes will be
adanya tambahan beban pajak. Jika hasil akhir due. Where the final tax outcome of these
dari hal ini berbeda dengan jumlah yang matters is different from the amounts that were
dicatat semula, maka perbedaan tersebut akan initially recorded, such differences will impact the
berdampak terhadap laba rugi. profit loss.
Halaman - 48 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 591
Page 594
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
c. Perpajakan (lanjutan) c. Taxation (continued)
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognised for the
penghasilan terpulihkan (recoverable) pada future recoverable taxable income arising from
periode mendatang sebagai akibat perbedaan temporary difference. Management judgment is
temporer yang boleh dikurangkan. Justifikasi required to determine the amount of deferred
manajemen diperlukan untuk menentukan tax assets that can be recognised, based upon
jumlah aset pajak tangguhan yang dapat diakui, the likely timing on level of future taxable profits
sesuai dengan waktu yang tepat dan tingkat together with future strategic planning.
laba fiskal di masa mendatang sejalan dengan
strategi rencana perpajakan ke depan.
d. Revaluasi aset tetap d. Fixed asset revaluation
Revaluasi aset tetap Bank bergantung pada The Bank’s fixed assets revaluation depends on
pemilihan asumsi yang digunakan oleh penilai its selection of certain assumptions used by the
independen dalam menghitung jumlah-jumlah independent appraisal in calculating such
tersebut. Asumsi tersebut termasuk antara lain: amounts. Those assumptions include among
tingkat diskonto, nilai tukar, tingkat inflasi dan others, discount rate, exchange rate, inflation
tingkat kenaikan pendapatan dan biaya. Bank rate and revenue and cost increase rate. The
berkeyakinan bahwa asumsi tersebut adalah Bank believes that its assumptions are
wajar dan sesuai, perbedaan signifikan dalam reasonable and appropriate and significant
asumsi yang ditetapkan Bank dapat differences in the Bank’s assumptions may
mempengaruhi secara material nilai aset tetap materially affect the valuation of its fixed assets.
yang direvaluasi.
e. Menentukan jangka waktu kontrak dengan e. Determine the contract term with extension
opsi perpanjangan dan penghentian kontrak and contract termination options - the Bank
- Bank sebagai lessee as lessee
Bank menentukan jangka waktu sewa sebagai The Bank determines the lease term as non-
jangka waktu sewa yang tidak dapat dibatalkan, cancellable term, together with the period
bersama dengan periode yang dicakup oleh covered by the option to extend the lease if it is
opsi untuk memperpanjang masa sewa jika determined to be exercised, or any period
dipastikan akan dilaksanakan, atau periode apa covered by the option to terminate the lease, if it
pun yang dicakup oleh opsi untuk is reasonably certain not to be exercised.
menghentikan sewa, jika cukup wajar untuk
tidak dilakukan.
Bank memiliki beberapa kontrak sewa yang The Bank has several lease contracts that
mencakup opsi perpanjangan dan penghentian include extension and contract termination in
jangka waktu sewa. Bank menerapkan the lease terms. The Bank applies its judgment
penilaian dalam mengevaluasi apakah dapat in evaluating whether it is certain to exercise the
dipastikan jika akan menggunakan opsi untuk option to extend or terminate the lease. This is
memperpanjang atau menghentikan sewa. Hal done by considering all relevant facts and
tersebut dilakukan dengan mempertimbangkan circumstances that provide economic incentives
seluruh fakta dan keadaan yang relevan yang to extend or terminate the lease. After the
memberikan insentif ekonomi untuk melakukan commencement date, the Bank reassesses the
perpanjangan atau penghentian sewa. Setelah lease term, if there is a significant event or
tanggal dimulainya, Bank menilai kembali masa change in circumstances which is under its
sewa, jika terdapat peristiwa atau perubahan control and affects whether the lessee is certain
signifikan dalam keadaan yang berada dalam enough to exercise the option to extend or
kendali dan mempengaruhi apakah lessee terminate the lease.
cukup pasti untuk mengeksekusi opsi
memperpanjang atau menghentikan sewa.
f. Penyisihan kerugian aset nonproduktif f. Allowance for impairment losses on non-
earning assets
Bank menelaah potensi kerugian aset The Bank evaluates the potential loss of non-
nonproduktif pada setiap tanggal pelaporan earning assets at each reporting date to assess
untuk menilai apakah terdapat penyisihan whether provision for impairment losses should
penurunan nilai yang harus dibentuk dalam be recognised in the statement of profit or loss
laporan laba rugi dan penghasilan komprehensif and other comprehensive income. In
lain. Dalam menentukan apakah penyisihan determining whether a provision for impairment
penurunan nilai harus dibentuk, Bank membuat losses should be recognised, the Bank makes
estimasi penilaian apakah terdapat indikasi estimate on whether there is any indication of
penurunan nilai dari aset nonproduktif. Estimasi impairment of non-earning assets. These
tersebut didasarkan pada pertimbangan dari estimates are based on consideration of a
sejumlah faktor dan hasil akhirnya mungkin number of factors and the end results may be
berbeda (Catatan 15). different (Note 15).
Halaman - 49 - Page
592 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 595
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
g. Perlakuan penjualan aset pembiayaan g. Treatment of sales of financing assets
Penjualan aset syariah berupa pembiayaan The sale of sharia assets in the form of
musyarakah mutanaqishah (“MMQ”) griya musyarakah mutanaqishah (“MMQ”) financing
dilakukan setelah memenuhi kondisi jual beli is carried out after fulfilling the actual
yang sesungguhnya (al-bai’ al-haqiqi), yang conditions of sale and purchase (al-bai' al-
ditandai dengan berpindahnya kepemilikan haqiqi), which is marked by the transfer of
aset pembiayaan MMQ yang diperjualbelikan, ownership of the MMQ financing assets being
tidak ada kewajiban Bank untuk membeli traded, there is no obligation of the Bank to
kembali aset pembiayaan dalam bentuk buy back the financing assets in the form of
pembiayaan atau dalam bentuk instrumen financing or in the form of sharia asset-backed
investasi sekuritisasi efek beragun aset securities securitization investment instrument
syariah surat partisipasi (“EBAS-SP”). participation letter (“EBAS-SP”).
Kontrak jual beli secara syariah harus dibuat Sharia sale and purchase contracts must be
dalam bentuk jelas dan final. Prinsip syariah made in a clear and final form. Sharia
mensyaratkan tidak boleh terdapat dua principles require that there cannot be two
transaksi dalam satu kontrak. Sehingga Bank transactions in one contract. So the Bank
memperlakukan penjualan aset pembiayaan treats the sale of financing assets as a
sebagai transaksi yang terpisah dari separate transaction from the purchase of
pembelian EBAS-SP kelas B. class B EBAS-SP.
Bank menerapkan kriteria jual beli The Bank applies true sale criteria using
sesungguhnya menggunakan PSAK 111, SFAS 111, "Accounting of Wa’d". The true
“Akuntansi Wa’d”. Jual beli sesungguhnya sale is marked by a transfer from the Bank to
ditandai dengan telah terjadi perpindahan dari the issuer of:
Bank kepada penerbit atas:
a) hak dan kewajiban hukum aset syariah; a) legal rights and obligations of sharia
assets;
b) semua manfaat dan risiko dari aset b) all risks and rewards from sharia assets;
syariah; dan and
c) pengendalian atas aset syariah tersebut. c) control over the sharia assets.
Sesuai dengan hal diatas, Bank menghentikan Accordingly, the Bank derecognised the MMQ
pengakuan pembiayaan MMQ secara financing at its entirety (see Note 12g).
menyeluruh (lihat Catatan 12g).
4. KAS 4. CASH
2023 2022
Rupiah 4,912,435 4,809,425 Rupiah
Mata uang asing Foreign currencies
Riyal Arab Saudi 201,033 72,892 Saudi Arabian Riyal
Dolar Amerika Serikat 130,786 66,390 United States Dollar
Dolar Singapura 8,425 2,154 Singapore Dollar
Euro Eropa 2,242 324 Europe Euro
Dolar Australia 793 274 Australian Dollar
Yen Jepang 127 10 Japanese Yen
5,255,841 4,951,469
Pada tanggal 31 Desember 2023 dan 2022, saldo As at 31 December 2023 and 2022, the Rupiah
dalam mata uang Rupiah tersebut sudah termasuk balance includes cash in ATMs (Automated Teller
uang pada mesin ATM (Anjungan Tunai Mandiri) Machines) amounting to Rp804,958 and
masing-masing sebesar Rp804.958 dan Rp824.326. Rp824,326, respectively.
Halaman - 50 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 593
Page 596
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO DAN PENEMPATAN PADA BANK 5. CURRENT ACCOUNTS AND PLACEMENTS
INDONESIA WITH BANK INDONESIA
a. Berdasarkan mata uang a. By currency
2023 2022
Rupiah 21,401,613 27,898,748 Rupiah
Dolar Amerika Serikat 11,039,165 3,879,710 United States Dollar
32,440,778 31,778,458
b. Berdasarkan jenis b. By type
2023 2022
Rupiah Rupiah
Giro pada Bank Indonesia 16,901,613 20,047,548 Current accounts with Bank Indonesia
Fasilitas Simpanan Bank Bank Indonesia Sharia Certificates
Indonesia Syariah (“FASBIS”) 4,500,000 7,851,200 Facilities (“FASBIS”)
21,401,613 27,898,748
Dolar Amerika Serikat United States Dollar
Deposito Berjangka Syariah Bank Indonesia
Bank Indonesia 10,854,885 3,814,038 Sharia Term Deposits
Current accounts with
Giro pada Bank Indonesia 184,280 65,672 Bank Indonesia
11,039,165 3,879,710
32,440,778 31,778,458
c. Berdasarkan jangka waktu c. By time period
2023 2022
Rupiah Rupiah
≤ 1 bulan 21,401,613 27,898,748 ≤ 1 month
> 1 - ≤ 3 bulan - - > 1 - ≤ 3 months
> 3 - ≤ 12 bulan - - > 3 - ≤ 12 months
21,401,613 27,898,748
Dolar Amerika Serikat United States Dollar
≤ 1 bulan 10,038,360 3,179,172 ≤ 1 month
> 1 - ≤ 3 bulan 1,000,805 700,538 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan - - > 3 - ≤ 12 months
11,039,165 3,879,710
32,440,778 31,778,458
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
2023 2022
Rupiah Rupiah
≤ 1 bulan 21,401,613 27,898,748 ≤ 1 month
> 1 - ≤ 3 bulan - - > 1 - ≤ 3 months
> 3 - ≤ 12 bulan - - > 3 - ≤ 12 months
21,401,613 27,898,748
Dolar Amerika Serikat United States Dollar
≤ 1 bulan 10,269,315 3,179,172 ≤ 1 month
> 1 - ≤ 3 bulan 769,850 700,538 > 1 - ≤ 3 months
11,039,165 3,879,710
32,440,778 31,778,458
Halaman - 51 - Page
594 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 597
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO DAN PENEMPATAN PADA BANK 5. CURRENT ACCOUNTS AND PLACEMENTS
INDONESIA (lanjutan) WITH BANK INDONESIA (continued)
e. Berdasarkan kolektibilitas e. By collectibility
Pada tanggal 31 Desember 2023 dan 2022, As at 31 December 2023 and 2022, all current
seluruh giro dan penempatan pada Bank accounts and placements with Bank Indonesia
Indonesia diklasifikasikan “Lancar”. is classified as “Current”.
f. Rasio Giro Wajib Minimum (“GWM”) f. The Minimum Statutory Reserve
Requirement (“GWM”) Ratio
2023 2022
Rasio GWM GWM Ratio
Rupiah Rupiah
Kewajiban Pemenuhan GWM: Fulfillment of GWM:
GWM Harian 0.00% 0.00% GWM Daily
GWM Rata-Rata 7.50% 7.50% GWM Average
Insentif GWM (2.90%) (1.80%) GWM Incentives
Disinsentif RIM 0.00% 0.08% RIM Disincentives
Total Kewajiban Pemenuhan GWM 4.60% 5.78% Total of Fulfillment of GWM
Realisasi Pemenuhan GWM 6.76% 8.30% Realisation Fulfillment of GWM
Realisasi Pemenuhan GWM Rata-Rata 4.87% 6.06% Realisation Fulfillment of GWM Average
Realisasi Pemenuhan Penyangga Realisation Fulfillment of Macroprudential
Likuiditas Makroprudensial (“PLM”) Liquidity Buffer (“PLM”)
(d/h GWM Sekunder) 21.35% 23.89% (previously GWM Secondary)
Valuta asing Foreign currencies
Kewajiban Pemenuhan GWM 1.00% 1.00% Fulfillment of GWM
Realisasi Pemenuhan GWM 1.13% 1.18% Realisation Fulfillment of GWM
Rasio GWM pada tanggal 31 Desember 2023 The GWM ratio as at 31 December 2023 is
dihitung berdasarkan Peraturan Anggota calculated based on Member of the Board of
Dewan Gubernur (“PADG”) No. 2/PADG/2023 Governors Regulation (“PADG”) No.
tanggal 24 Maret 2023 tentang "Peraturan 2/PADG/2023 dated 24 March 2023 concerning
Pelaksanaan Pemenuhan Giro Wajib Minimum "Implementation Regulations for Fulfillment of
dalam Rupiah dan Valuta Asing bagi Bank Statutory Reserves in Rupiah and Foreign
Umum Konvensional, Bank Umum Syariah, Currencies for Conventional Commercial
dan Unit Usaha Syariah" yang mulai berlaku Banks, Sharia Commercial Banks, and Sharia
sejak tanggal 1 April 2023 yang mana Business Units" came into force on
mewajibkan setiap bank untuk memelihara 1 April 2023, and regulates that each bank is
GWM dalam Rupiah dan valuta asing yang required to maintain a GWM in Rupiah and
besarnya ditetapkan sebesar 7,5% dan 1% foreign exchange, the amount of which is set at
dari dana pihak ketiga (“DPK”) dalam Rupiah 7.5% and 1% of third party funds (“DPK”) in
dan valuta asing. Rupiah and foreign exchange.
Rasio GWM pada tanggal 31 Desember 2022 The GWM ratio as at 31 December 2022 is
dihitung berdasarkan PADG No. calculated based on PADG No.
24/8/PADG/2022 tanggal 30 Juni 2022 tentang 24/8/PADG/2022 dated 30 June 2022
"Peraturan Pelaksanaan Pemenuhan Giro concerning "Implementation Regulations for
Wajib Minimum dalam Rupiah dan Valuta Fulfillment of Statutory Reserves in Rupiah and
Asing bagi Bank Umum Konvensional, Bank Foreign Currencies for Conventional
Umum Syariah, dan Unit Usaha Syariah" yang Commercial Banks, Sharia Commercial Banks,
mulai berlaku sejak tanggal 1 Juli 2022 yang and Sharia Business Units" came into force on
mana mewajibkan setiap bank untuk 1 July 2022, and regulates that each bank is
memelihara GWM dalam Rupiah dan valuta required to maintain a GWM in Rupiah and
asing yang besarnya ditetapkan sebesar 7,5% foreign exchange, the amount of which is set at
dan 1% dari DPK dalam Rupiah dan valuta 7.5% and 1% of DPK in Rupiah and foreign
asing. exchange.
Halaman - 52 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 595
Page 598
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO DAN PENEMPATAN PADA BANK 5. CURRENT ACCOUNTS AND PLACEMENTS
INDONESIA (lanjutan) WITH BANK INDONESIA (continued)
f. Rasio Giro Wajib Minimum (“GWM”) f. The Minimum Statutory Reserve
(lanjutan) Requirement (“GWM”) Ratio (continued)
Dalam perhitungan kewajiban pemenuhan In calculating the fulfillment of Rupiah statutory
GWM Rupiah, terdapat komponen insentif reserves, there is a GWM incentive component
GWM sesuai PADG No. 24/12/PADG/2022 which is in accordance with the PADG No.
tanggal 20 Juli 2022 tentang "Perubahan atas 24/12/PADG/2022 dated 20 July 2022
Peraturan Anggota Dewan Gubernur Nomor concerning "Amendment to the Member of the
24/4/PADG/2022 tentang Peraturan Board of Governors Regulation Number
Pelaksanaan Insentif bagi Bank yang 24/4/PADG/2022 concerning Regulations for
Memberikan Penyediaan Dana untuk Kegiatan Implementation of Incentives for Banks
Ekonomi Tertentu dan Inklusif (Perubahan Providing Provision of Funds for Certain and
PADG Insentif, serta disinsentif RIM sesuai Inclusive Economic Activities (Changes to
Peraturan Bank Indonesia Nomor PADG Incentives, as well as disincentives RIM
21/12/PBI/2019 tanggal 25 November 2019 according to Bank Indonesia Regulation
tentang “Perubahan atas Peraturan Bank Number 21/12/PBI/2019 dated 25 November
Indonesia Nomor 20/4/PBI/2018 tentang Rasio 2019 concerning “Amendments to Bank
Intermediasi Makroprudensial dan Penyangga Indonesia Regulation Number 20/4/PBI/2018
Likuiditas Makroprudensial bagi Bank Umum concerning Macroprudential Intermediation
Konvensional, Bank Umum Syariah, dan Unit Ratio and Macroprudential Liquidity Buffer for
Usaha Syariah”. Conventional Commercial Banks, Sharia
Commercial Banks, and Sharia Business Unit”.
Selain ketentuan di atas, berdasarkan In addition, based on Bank Indonesia
Peraturan Bank Indonesia (“PBI”) Regulation (“PBI”) No. 23/07/PADG/2021 which
No. 23/07/PADG/2021 yang berlaku sejak is effective from 1 May 2021 and Bank
1 Mei 2021 dan Peraturan Bank Indonesia Indonesia Regulation (“PBI”) No.
(“PBI”) No. 21/22/PADG/2019 yang berlaku 21/22/PADG/2019 which is effective from
sejak 28 November 2019, terdapat perubahan 28 November 2019, there are changes in the
perhitungan GWM Financing to Deposit Ratio calculation of GWM Financing to Deposit Ratios
(“FDR”) menjadi Rasio Intermediasi (“FDR”) to the Macroprudential Intermediation
Makroprudensial (“RIM”). Bank harus Ratio (“RIM”). Bank must pay additional
memelihara tambahan GWM jika RIM Bank Statutory Reserves if the Bank’s RIM is less
kurang dari batas bawah 84% atau melebihi than the lower limit of 84% or exceeds the
batas atas target Bank Indonesia sebesar upper limit of the Bank Indonesia target of 94%.
94%.
Saldo giro pada Bank Indonesia disediakan The balance of current accounts with Bank
untuk memenuhi persyaratan GWM dari Bank Indonesia is maintained to meet the GWM of
Indonesia. Bank Indonesia.
Bank telah memenuhi ketentuan Bank As at 31 December 2023 and 2022, the Bank
Indonesia tentang GWM pada tanggal 31 has complied with the Bank Indonesia
Desember 2023 dan 2022. regulations regarding the GWM with Bank
Indonesia.
g. Rata-rata tingkat bonus tahunan g. The average annual bonus rate
2023 2022
Fasilitas Simpanan Bank Indonesia
Bank Indonesia Syariah (“FASBIS”) 5.00% - 5.25% 2.75% - 4.75% Sharia Deposit Facilities (“FASBIS”)
Deposito Berjangka Syariah Bank Indonesia Sharia
Bank Indonesia 4.31% - 5.59% 0.04% - 4.72% Term Deposit
Halaman - 53 - Page
596 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 599
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. GIRO DAN PENEMPATAN PADA BANK LAIN 6. CURRENT ACCOUNTS AND PLACEMENTS
WITH OTHER BANKS
a. Berdasarkan mata uang a. By currency
2023 2022
Rupiah 639,257 1,967,271 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 1,284,332 433,290 United States Dollar
Riyal Arab Saudi 365,480 55,367 Saudi Arabian Riyal
Euro Eropa 14,795 13,900 Europe Euro
Dolar Singapura 10,468 16,136 Singapore Dollar
Dolar Australia 4,364 1,689 Australian Dollar
Uni Emirat Arab 2,113 - United Arab Emirates
Pound Sterling Inggris 2,073 951 Great Britain Pound Sterling
Yen Jepang 1,338 2,632 Japanese Yen
Dolar Hong Kong 253 256 Hong Kong Dollar
1,685,216 524,221
Jumlah 2,324,473 2,491,492 Total
Cadangan kerugian penurunan nilai (20,745) (15,575) Allowance for impairment losses
2,303,728 2,475,917
b. Berdasarkan hubungan b. By relationship
2023 2022
Pihak ketiga Third parties
Rupiah Rupiah
Giro 317,627 212,995 Current accounts
Sertifikat Pengelolaan Dana
Berdasarkan Prinsip Syariah Sharia Compliant Interbank Fund
Antar Bank ("SIPA") 250,000 934,000 Management Certificate ("SIPA")
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) - 690,000 Investment Certificate (“SIMA”)
Mata uang asing Foreign currencies
Giro 1,651,606 503,982 Current accounts
2,219,233 2,340,977
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah Rupiah
Giro 71,630 130,276 Current accounts
Mata uang asing Foreign currencies
Giro 33,610 20,239 Current accounts
105,240 150,515
Jumlah 2,324,473 2,491,492 Total
Cadangan kerugian penurunan nilai (20,745) (15,575) Allowance for impairment losses
2,303,728 2,475,917
Halaman - 54 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 597
Page 600
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. GIRO DAN PENEMPATAN PADA BANK LAIN 6. CURRENT ACCOUNTS AND PLACEMENTS
(lanjutan) WITH OTHER BANKS (continued)
c. Berdasarkan kolektibilitas Bank Indonesia c. By Bank Indonesia collectibility
Seluruh giro pada bank lain pada tanggal All current accounts with other banks as at
31 Desember 2023 dan 2022 diklasifikasikan 31 December 2023 and 2022 are classified as
“Lancar”. “Current”.
d. Berdasarkan jatuh tempo d. By maturity
Giro dan penempatan pada bank lain memiliki Current accounts and placements with other
sisa umur jatuh tempo kurang dari 1 (satu) banks have remaining period to maturity of less
bulan. than 1 (one) month.
e. Perubahan cadangan kerugian penurunan e. The movements of allowance for losses on
nilai giro dan penempatan pada bank lain current accounts and placements with other
banks
2023 2022
Saldo awal 15,575 17,238 Beginning balance
Pembentukan/(pembalikan) selama Provision/(reversal)
tahun berjalan (Catatan 39) 4,628 (2,662) during the year (Note 39)
Selisih kurs 542 999 Exchange rate difference
Saldo akhir 20,745 15,575 Ending balance
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
penyisihan kerugian giro pada bank lain adalah impairment losses is adequate to cover losses from
cukup untuk menutup kerugian akibat tidak uncollectible current accounts with other banks.
tertagihnya giro pada bank lain.
Pada tanggal 31 Desember 2023 dan 2022, tidak As at 31 December 2023 and 2022, no current
terdapat giro dan penempatan pada bank lain accounts and placements with other bank are
yang dijadikan jaminan. pledged as collaterals.
Seluruh jasa giro yang diterima dari giro pada All income received from current accounts with
bank nonsyariah dicatat sebagai dana kebajikan non-sharia banks are recorded as qardhul hasan
(Catatan 23). funds (Note 23).
7. INVESTASI PADA SURAT BERHARGA 7. INVESTMENTS IN MARKETABLE SECURITIES
a. Berdasarkan jenis dan mata uang a. By type and currency
31 Desember/December 2023 31 Desember/December 2022
Nilai Nilai Nilai Nilai
nominal/ tercatat/ nominal/ tercatat/
Nominal Carrying Nominal Carrying
value value value value
Nilai wajar melalui Fair value through profit
laba rugi or loss
Rupiah Rupiah
Surat Berharga Syariah Government Islamic Securities
Negara (“SBSN“) 1,835,552 1,847,602 909,966 921,324 (“SBSN“)
Surat Perbendaharaan Negara Sharia State Treasury Certificate
Syariah (“SPNS“) 895,000 878,000 - - (“SPNS“)
Sukuk Bank Indonesia 1,724,704 1,724,704 - - Sukuk Bank Indonesia
Reksa dana 400,000 405,089 - - Mutual funds
Efek Beragun Aset Syariah 27,301 31,787 - - Sharia Asset Backed Securities
4,882,557 4,887,182 909,966 921,324
Mata uang asing Foreign currencies
Surat Berharga Syariah Government Islamic Securities
Negara (“SBSN“) 6,728 6,702 - - (“SBSN“)
Total nilai wajar melalui Total fair value through
laba rugi 4,889,285 4,893,884 909,966 921,324 profit or loss
Halaman - 55 - Page
598 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 601
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. INVESTASI PADA SURAT BERHARGA (lanjutan) 7. INVESTMENTS IN MARKETABLE SECURITIES
(continued)
a. Berdasarkan jenis dan mata uang (lanjutan) a. By type and currency (continued)
31 Desember/December 2023 31 Desember/December 2022
Nilai Nilai Nilai Nilai
nominal/ tercatat/ nominal/ tercatat/
Nominal Carrying Nominal Carrying
value value value value
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
Rupiah Rupiah
Surat Berharga Syariah Government Islamic Securities
Negara (“SBSN“) 7,119,539 7,087,426 3,173,558 3,051,045 (“SBSN“)
Sukuk Bank Indonesia 20,693,578 20,744,693 - - Sukuk Bank Indonesia
Reksa dana 1,200,000 1,219,721 - - Mutual funds
Sukuk korporasi 120,000 120,890 - - Corporate sukuk
29,133,117 29,172,730 3,173,558 3,051,045
Mata uang asing Foreign currencies
Sukuk Bank Indonesia 1,539,700 1,544,442 - - Sukuk Bank Indonesia
Total nilai wajar melalui Total fair value through
penghasilan komprehensif lain 30,672,817 30,717,172 3,173,558 3,051,045 other comprehensive income
Biaya perolehan diamortisasi Amortised cost
Rupiah Rupiah
Surat Berharga Syariah Government Islamic Securities
Negara (“SBSN“) 33,952,697 34,092,672 43,362,582 43,717,378 (“SBSN“)
Sukuk Bank Indonesia - - 8,602,984 8,602,984 Sukuk Bank Indonesia
Sukuk korporasi 947,800 947,800 902,800 902,800 Corporate sukuk
Wesel ekspor 200,858 200,858 160,571 160,571 Export bills
35,101,355 35,241,330 53,028,937 53,383,733
Mata uang asing Foreign currencies
Surat Berharga Syariah Government Islamic Securities
Negara (“SBSN“) 443,434 449,140 483,371 495,803 (“SBSN“)
Total biaya perolehan
diamortisasi 35,544,789 35,690,470 53,512,308 53,879,536 Total amortised cost
Total investasi pada Total investments in
surat berharga 71,301,526 57,851,905 marketable securities
Cadangan kerugian penurunan nilai (132,506) (10,634) Allowance for impairment losses
Bersih 71,169,020 57,841,271 Net
b. Berdasarkan penerbit b. By issuer
Tingkat
bagi hasil per
tahun (%)/ Peringkat/ Nilai tercatat/
Annual Rating Carrying value
revenue
sharing 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
Penerbit/Issuer rate (%) December 2023 December 2022 December 2023 December 2022
Diukur pada nilai wajar melalui laba rugi/
Measured at fair value through profit or loss
Rupiah
Bank Indonesia 6.63 - - 1,724,704 -
Pemerintah/Government
Seri SBSN PBS003 6.00 - - 86,795 3,602
Seri SBSN PBS004 6.10 - - 8,846 588
Seri SBSN PBS005 6.75 - - 108,737 -
Seri SBSN PBS007 9.00 - - 4,509 -
Seri SBSN PBS011 8.75 - - - 165,882
Seri SBSN PBS012 8.88 - - 38,939 -
Seri SBSN PBS015 8.00 - - 66,406 26,296
Seri SBSN PBS017 6.13 - - 109,087 52,396
Seri SBSN PBS019 8.25 - - - 174,574
Seri SBSN PBS021 8.50 - - 1,660 27,901
Seri SBSN PBS022 8.63 - - 9,406 1,704
Seri SBSN PBS023 8.13 - - 6,505 16,071
Seri SBSN PBS025 8.38 - - 41,404 166
Seri SBSN PBS026 6.63 - - 56,604 10,087
Seri SBSN PBS027 6.50 - - - 93,970
Seri SBSN PBS028 7.75 - - 112,525 -
Seri SBSN PBS029 6.38 - - 90,476 5,450
Seri SBSN PBS030 5.88 - - 1,149 -
Seri SBSN PBS031 4.00 - - 435,305 18,204
Seri SBSN PBS032 4.88 - - 22,464 2,530
Seri SBSN PBS033 6.75 - - 22,770 9,779
Seri SBSN PBS034 6.50 - - 43,684 -
Seri SBSN PBS036 5.38 - - 156,924 -
Seri SBSN PBS037 6.88 - - 52,694 -
Seri SBSN PBS038 6.88 - - 27,814 -
Seri SBSN SR012 6.30 - - - 197,103
Seri SBSN SR013 6.05 - - - 104,730
Seri SBSN SR014 5.47 - - 223,102 2,279
Seri SBSN SR015 5.10 - - 71,150 3,488
Seri SBSN SR016 4.95 - - 22,503 4,444
Seri SBSN SR017 5.90 - - 2,342 80
Seri SBSN SR018T3 6.25 - - 21,230 -
Seri SBSN SR018T5 6.40 - - 2,572 -
SPN-S 07052024TRD - - - 410,755 -
SPN-S 09042024TRD - - - 417,645 -
SPN-S 14022024TRD - - - 49,600 -
Korporasi/Corporation
Reksa Dana PT Bahana TCW Investment Management - - - 254,418 -
Reksa Dana PT Trimegah Syariah - - - 150,671 -
Efek Beragun Aset Syariah/Sharia Asset Backed Securities - - - 31,787 -
4,887,182 921,324
Halaman - 56 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 599
Page 602
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. INVESTASI PADA SURAT BERHARGA (lanjutan) 7. INVESTMENTS IN MARKETABLE SECURITIES
(continued)
b. Berdasarkan penerbit (lanjutan) b. By issuer (continued)
Tingkat
bagi hasil per
tahun (%)/ Peringkat/ Nilai tercatat/
Annual Rating Carrying value
revenue
sharing 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
Penerbit/Issuer rate (%) December 2023 December 2022 December 2023 December 2022
Diukur pada nilai wajar melalui laba rugi (lanjutan)/
Measured at fair value through profit or loss (continued)
Dolar Amerika Serikat/United States Dollar
Pemerintah/Government
Seri INDOIS27TRD 4.40 - - 6,702 -
4,893,884 921,324
Diukur pada nilai wajar melalui penghasilan
komprehensif lain/
Measured at fair value through other
comprehensive income
Rupiah
Bank Indonesia 6.48 - - 20,744,693 -
Korporasi/Corporation
Reksa Dana PT Eastspring Invesment Indonesia - - - 256,717 -
Reksa Dana PT Bahana TCW Investment Management - - - 508,975 -
Reksa Dana PT BNP Paribas Asset Management - - - 201,184 -
Reksa Dana PT Trimegah Sekuritas Indonesia - - - 252,845 -
Sukuk CIMB Niaga Tahun 2023 Seri A 6.25 AA+(idn)sy - 19,981 -
SMDR 2023 SERI B 9.45 idA+(sy) - 100,908 -
Pemerintah/Government
Seri SBSN PBS001 6.63 - - 376,008 -
Seri SBSN PBS003 6.00 - - 827,094 144,853
Seri SBSN PBS004 6.10 - - - 180,948
Seri SBSN PBS012 8.88 - - 370,150 -
Seri SBSN PBS029 6.83 - - 515,711 -
Seri SBSN PBS030 5.88 - - 594,982 615,901
Seri SBSN PBS031 4.00 - - 965,562 947,419
Seri SBSN PBS032 4.88 - - 973,873 825,050
Seri SBSN PBS036 5.38 - - 594,430 336,874
Seri SBSN PBS037 6.88 - - 1,869,617 -
29,172,730 3,051,045
Dolar Amerika Serikat/United States Dollar
Bank lndonesia 5.68 - - 1,544,442 -
30,717,172 3,051,045
Diukur pada biaya perolehan/
Measured at acquisition cost
Rupiah
Bank lndonesia 3.50 - - - 8,602,984
Korporasi/Corporation
BPD Kalsel 2022 8.00 A(idn)sy idA(sy) 35,000 35,000
CIMB Niaga Tahun 2023 Seri B 7.15 AA+(idn)sy - 45,000 -
Inka Tahun Tahun 2020 10.59 idBBB+(sy) idBBB+(sy) 75,000 75,000
ISAT Tahap I 2022 7.00 idAAA(sy) idAAA(sy) 213,800 213,800
MPI Tahap I 22 Seri A 9.00 idA(sy) idA(sy) 150,000 150,000
PTPN III Tahun 2018 11.25 idBBB+(sy) idBBB+(sy) 85,000 85,000
PT Global Mediacom Tbk Tahun 2022 10.00 idA+(sy) idA+(sy) 50,000 50,000
PT Wijaya Karya Tahap I Tahun 2020 Seri A 8.60 idCCC(sy) idA(sy) 99,000 99,000
PT XL Axiata I Tahun 2022 Seri A 6.75 AAA(idn)sy idAAA(sy) 195,000 195,000
Pemerintah/Government
Seri SBSN IFR0006 10.25 - - 50,407 51,278
Seri SBSN IFR0010 10.00 - - 99,774 101,166
Seri SBSN PBS003 6.00 - - 1,923,235 1,357,981
Seri SBSN PBS004 6.10 - - 710,589 708,790
Seri SBSN PBS005 6.75 - - 156,558 156,374
Seri SBSN PBS012 8.88 - - 168,951 -
Seri SBSN PBS011 8.75 - - - 2,609,033
Seri SBSN PBS017 6.13 - - 7,619,962 7,649,749
Seri SBSN PBS019 8.25 - - - 3,513,940
Seri SBSN PBS021 8.50 - - 108,697 111,723
Seri SBSN PBS026 6.63 - - 7,859,178 7,928,534
Seri SBSN PBS027 6.50 - - - 4,639,620
Seri SBSN PBS030 5.88 - - 3,356,547 3,359,089
Seri SBSN PBS031 4.00 - - 3,067,898 3,065,272
Seri SBSN PBS032 4.88 - - 6,623,442 6,621,368
Seri SBSN PBS036 5.38 - - 296,272 48,893
Seri SBSN PBSG001 6.63 - - 998,529 365,188
Seri SBSN SR012 6.30 - - - 5,452
Seri SBSN SR013 6.05 - - - 361,997
Seri SBSN SR014 5.47 - - 501,295 508,147
Seri SBSN SR015 5.10 - - 502,193 505,358
Seri SBSN SR016 4.95 - - 49,145 48,426
Wesel Ekspor 5.53 - - 200,858 160,571
35,241,330 53,383,733
Halaman - 57 - Page
600 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 603
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. INVESTASI PADA SURAT BERHARGA (lanjutan) 7. INVESTMENTS IN MARKETABLE SECURITIES
(continued)
b. Berdasarkan penerbit (lanjutan) b. By issuer (continued)
Tingkat
bagi hasil per
tahun (%)/ Peringkat/ Nilai tercatat/
Annual Rating Carrying value
revenue
sharing 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
Penerbit/Issuer rate (%) December 2023 December 2022 December 2023 December 2022
Diukur pada biaya perolehan (lanjutan)/
Measured at acquisition cost (continued)
Dolar Amerika Serikat/United States Dollar
Pemerintah/Government
Seri INDOIS23 3.75 - - - 35,135
Seri INDOIS24 4.35 - - 157,283 163,859
Seri INDOIS25 4.33 - - 60,845 63,200
Seri INDOIS25 NEW 2.30 - - 77,042 77,934
Seri INDOIS27 4.40 - - 153,970 155,675
449,140 495,803
35,690,470 53,879,536
71,301,526 57,851,905
Cadangan kerugian penurunan nilai/
Allowance for impairment losses (132,506) (10,634)
71,169,020 57,841,271
Jumlah nosional atas INDOIS24, INDOIS25, The notional amount of INDOIS24, INDOIS25,
INDOIS25 NEW, INDOIS27, INDOIS27TRD, INDOIS25 NEW, INDOIS27, INDOIS27TRD,
dan SUVBI dalam mata uang Dolar Amerika and SUVBI which is denominated in United
Serikat pada tanggal 31 Desember 2023 States Dollar as at 31 December 2023
adalah sebesar USD129.913.931 (nilai amounted to USD129,913,931 (full amount).
penuh).
Jumlah nosional atas INDOIS23, INDOIS24, The notional amount of INDOIS23, INDOIS24,
INDOIS25, INDOIS25 NEW dan INDOIS27 INDOIS25, INDOIS25 NEW and INDOIS27
dalam mata uang Dolar Amerika Serikat pada which is denominated in United States Dollar
tanggal 31 Desember 2022 adalah sebesar as at 31 December 2022 amounted to
USD31.848.585 (nilai penuh). USD31,848,585 (full amount).
Bank mengakui keuntungan/(kerugian) yang The Bank recognised unrealised gain/(loss) on
belum direalisasi dari perubahan nilai wajar changes in the value of “Measured at fair value
efek-efek yang diklasifikasikan “Diukur pada through other comprehensive income”
nilai wajar melalui pendapatan komprehensif securities amounting to Rp61,631 and
lain” masing-masing sebesar Rp61.631 dan Rp(77,740) for the year ended 31 December
Rp(77.740) untuk tahun yang berakhir pada 2023 and 2022 which are recorded in the
tanggal 31 Desember 2023 dan 2022 yang statements of profit or loss and other
disajikan di laporan laba rugi dan penghasilan comprehensive income.
komprehensif lain.
c. Berdasarkan jangka waktu c. By period
2023 2022
≤ 1 tahun 24,005,262 8,763,555 ≤ 1 year
> 1 - ≤ 3 tahun 1,734,919 669,281 > 1 - ≤ 3 years
> 3 - ≤ 5 tahun 8,694,459 11,040,275 > 3 - ≤ 5 years
> 5 tahun 36,866,886 37,378,794 > 5 years
71,301,526 57,851,905
Cadangan kerugian penurunan nilai (132,506) (10,634) Allowance for impairment losses
71,169,020 57,841,271
Halaman - 58 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 601
Page 604
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. INVESTASI PADA SURAT BERHARGA (lanjutan) 7. INVESTMENTS IN MARKETABLE SECURITIES
(continued)
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
2023 2022
≤ 1 bulan 17,162,511 8,052,606 ≤ 1 month
> 1 - ≤ 3 bulan 3,050,078 957,995 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 19,328,749 11,828,390 > 3 - ≤ 12 months
> 1 tahun 31,760,188 37,012,914 > 1 year
71,301,526 57,851,905
Cadangan kerugian penurunan nilai (132,506) (10,634) Allowance for impairment losses
71,169,020 57,841,271
e. Berdasarkan keterkaitan e. By relationship
2023 2022
Pihak ketiga Third parties
Rupiah 24,193,570 9,343,718 Rupiah
Mata uang asing 1,544,443 - Foreign currencies
25,738,013 9,343,718
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 45,107,671 48,012,384 Rupiah
Mata uang asing 455,842 495,803 Foreign currencies
45,563,513 48,508,187
71,301,526 57,851,905
Cadangan kerugian penurunan nilai (132,506) (10,634) Allowance for impairment losses
71,169,020 57,841,271
f. Berdasarkan kolektibilitas f. By collectibility
31 Desember/December 2023 31 Desember/December 2022
Cadangan Cadangan
kerugian kerugian
penurunan penurunan
nilai/Allowance nilai/Allowance
Nilai tercatat/ for impairment Nilai tercatat/ for impairment
Carrying value losses Carrying value losses
Lancar 71,202,526 (33,506) 57,851,905 (10,634) Current
Macet 99,000 (99,000) - - Loss
71,301,526 (132,506) 57,851,905 (10,634)
g. Informasi penting lainnya g. Other significant information
Bank melakukan penilaian atas penurunan The Bank assessed the impairment on
nilai investasi surat berharga secara individual investments in marketable securities
dengan adanya bukti objektif penurunan nilai. individually based on whether an objective
evidence of impairment exists.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai di atas impairment losses stated above is adequate.
telah memadai.
Halaman - 59 - Page
602 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 605
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. INVESTASI PADA SURAT BERHARGA (lanjutan) 7. INVESTMENTS IN MARKETABLE SECURITIES
(continued)
g. Informasi penting lainnya (lanjutan) g. Other significant information (continued)
Pada tanggal 31 Desember 2023, Obligasi As of 31 December 2023, Government Bonds
Pemerintah dengan jumlah nominal sebesar with total nominal amount of IDR12,500,000
Rp12.500.000 (31 Desember 2022: RpNihil) (31 December 2022: RpNull) are being
dijaminkan untuk fasilitas liabilitas kepada pledged as collateral for the facilities of
Bank Indonesia (Catatan 21). liabilities to Bank Indonesia (Note 21).
Perubahan cadangan kerugian penurunan The movements of allowance for losses on
nilai investasi pada surat berharga adalah investments in marketable securities are as
sebagai berikut: follows:
2023 2022
Saldo awal 10,634 18,075 Beginning balance
Pembentukan/(pembalikan) Provision/(reversal)
tahun berjalan (Catatan 39) 121,872 (7,498) during the year (Note 39)
Selisih kurs - 57 Exchange rate difference
Saldo akhir 132,506 10,634 Ending balance
Berikut adalah perubahan efek-efek dengan The following are changes in securities
klasifikasi nilai wajar melalui penghasilan classified as fair value through other
komprehensif lain (semua efek-efek dengan comprehensive income (all securities classified
klasifikasi nilai wajar melalui penghasilan as fair value through other comprehensive
komprehensif lain diklasifikasikan “Lancar”). income are classified as “Current”). Allowance
Cadangan kerugian penurunan nilai dibentuk for impairment losses are provided for
untuk sukuk korporasi. corporate sukuk.
31 Desember/December 2023 31 Desember/December 2022
Cadangan Cadangan
kerugian kerugian
penurunan penurunan
nilai/Allowance nilai/Allowance
Nilai tercatat/ for impairment Nilai tercatat/ for impairment
Carrying value losses Carrying value losses
Saldo awal tahun 3,051,045 - 2,812,974 - Beginning balance
Efek-efek yang baru dibeli 60,357,389 13,406 3,099,322 - Newly purchased marketable securities
Efek-efek yang jatuh tempo
atau dijual (32,770,121) - (2,795,598) - Matured or sold marketable securities
Amortisasi premium dan diskonto 17,228 - 12,087 - Amortisation of premium and discount
Perubahan nilai wajar 61,631 - (77,740) - Changes in fair values
30,717,172 13,406 3,051,045 -
Bank membeli investasi EBAS-SP kelas B The Bank purchased the EBAS-SP class B
pada bulan Juni 2023. EBAS-SP kelas B investment in June 2023. EBAS-SP class B is
merupakan investasi kelas junior yang bersifat a junior class investment which is subordinate
subordinasi dari EBAS-SP kelas A. to EBAS-SP class A. Payment of class B profit
Pembayaran imbal hasil kelas B akan sharing will be paid on quarterly basis when
dibayarkan setiap kuartal ketika imbal hasil the class A profit sharing portion has been
kelas A telah terbayar. Pembayaran pokok paid. Payment of class B principal will be paid
kelas B akan dibayarkan ketika pokok kelas A only after all principal of class A are paid in full
telah terbayar penuh (ekspektasi di 2032). (expected in 2032).
Halaman - 60 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 603
Page 606
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. TAGIHAN DAN LIABILITAS AKSEPTASI 8. ACCEPTANCE RECEIVABLES AND LIABILITIES
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Pihak ketiga Third parties
L/C Impor dan Surat Kredit Import L/C and Local
Berdokumen Dalam Negeri Letter of Credit
(“SKBDN”) 223,571 11,480 (“SKBDN”)
L/C Ekspor dan Surat Kredit Export L/C and Local
Berdokumen Dalam Negeri Letter of Credit
(“SKBDN”) 20,503 50,816 (“SKBDN”)
Mata uang asing Foreign currencies
Pihak ketiga Third parties
L/C Impor dan Surat Kredit Import L/C and Local
Berdokumen Dalam Negeri Letter of Credit
(“SKBDN”) - 312,495 (“SKBDN”)
244,074 374,791
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
L/C Impor dan Surat Kredit Import L/C and Local
Berdokumen Dalam Negeri Letter of Credit
(“SKBDN”) 124,856 41,924 (“SKBDN”)
L/C Ekspor dan Surat Kredit Export L/C and Local
Berdokumen Dalam Negeri Letter of Credit
(“SKBDN”) 62,298 64,688 (“SKBDN”)
187,154 106,612
431,228 481,403
Cadangan kerugian penurunan nilai (4,312) (4,814) Allowance for impairment losses
426,916 476,589
b. Berdasarkan kolektibilitas b. By collectibility
Pada tanggal 31 Desember 2023 dan 2022, As at 31 December 2023 and 2022, all
semua tagihan akseptasi pada surat berharga acceptance receivables are classified as
diklasifikasikan “Lancar”. “Current”.
c. Berdasarkan sisa umur jatuh tempo c. By remaining period to maturity
2023 2022
≤ 1 bulan 289,490 34,170 ≤ 1 month
> 1 - ≤ 3 bulan 68,657 75,330 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 73,081 371,903 > 3 - ≤ 12 months
431,228 481,403
Cadangan kerugian penurunan nilai (4,312) (4,814) Allowance for impairment losses
426,916 476,589
Manajemen berpendapat bahwa penyisihan Management believes that the allowance for
kerugian yang dibentuk adalah cukup untuk impairment losses is adequate to cover losses
menutup kerugian akibat tidak tertagihnya from uncollectible acceptance receivables.
tagihan akseptasi.
Halaman - 61 - Page
604 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 607
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. TAGIHAN DAN LIABILITAS AKSEPTASI 8. ACCEPTANCE RECEIVABLES AND LIABILITIES
(lanjutan) (continued)
d. Perubahan cadangan kerugian penurunan d. The movements of allowance for losses on
nilai tagihan dan liabilitas akseptasi acceptance receivables and liabilities
2023 2022
Saldo awal 4,814 1,615 Beginning balance
(Pembalikan)/pembentukan selama (Reversal)/provision
tahun berjalan (Catatan 39) (374) 3,199 during the year (Note 39)
Selisih kurs (128) - Exchange rate difference
Saldo akhir 4,312 4,814 Ending balance
9. PIUTANG 9. RECEIVABLES
a. Berdasarkan mata uang, jenis, dan a. By currency, type and collectibility
kolektibilitas
2023 2022
Rupiah Rupiah
Piutang murabahah Murabahah receivables
Lancar 131,312,555 119,929,638 Current
Dalam perhatian khusus 2,168,075 1,998,740 Special mention
Kurang lancar 845,358 826,383 Substandard
Diragukan 679,468 536,273 Doubtful
Macet 1,415,388 1,458,670 Loss
136,420,844 124,749,704
Mata uang asing Foreign currencies
Piutang murabahah Murabahah receivables
Lancar 82,252 - Current
Dalam perhatian khusus - 123,652 Special mention
Kurang lancar - - Substandard
Diragukan - - Doubtful
Macet - - Loss
82,252 123,652
136,503,096 124,873,356
Cadangan kerugian penurunan nilai (4,348,133) (4,173,161) Allowance for impairment losses
Bersih 132,154,963 120,700,195 Net
Rupiah Rupiah
Piutang istishna Istishna receivables
Lancar 29 129 Current
Dalam perhatian khusus - 3 Special mention
Kurang lancar - - Substandard
Diragukan - - Doubtful
Macet 1 - Loss
30 132
Cadangan kerugian penurunan nilai (2) (1) Allowance for impairment losses
Bersih 28 131 Net
Halaman - 62 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 605
Page 608
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. PIUTANG (lanjutan) 9. RECEIVABLES (continued)
a. Berdasarkan mata uang, jenis, dan a. By currency, type and collectibility
kolektibilitas (lanjutan) (continued)
2023 2022
Rupiah Rupiah
Piutang ijarah Ijarah receivables
Ijarah atas aset Ijarah of assets
Lancar - - Current
Dalam perhatian khusus 423 504 Special mention
Kurang lancar 555 507 Substandard
Diragukan 927 748 Doubtful
Macet 9,175 9,862 Loss
11,080 11,621
Ijarah multijasa Multi-services ijarah
Lancar 202,589 - Current
Dalam perhatian khusus 2,397 138 Special mention
Kurang lancar 590 186 Substandard
Diragukan 974 158 Doubtful
Macet 770 1,175 Loss
207,320 1,657
218,400 13,278
Cadangan kerugian penurunan nilai (13,233) (11,625) Allowance for impairment losses
Bersih 205,167 1,653 Net
132,360,158 120,701,979
b. Berdasarkan mata uang, sektor ekonomi, b. By currency, economic sector and
dan kolektibilitas collectibility
31 Desember/December 2023
Perhatian
Lancar/ khusus/Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Industri 1,979,239 39,391 26,552 14,954 566,449 2,626,585 Manufacturing
Jasa usaha 5,411,312 86,857 46,951 33,821 42,574 5,621,515 Business services
Konstruksi 255,647 43,352 5,848 7,037 7,414 319,298 Construction
Konsumer 100,850,518 1,538,848 553,139 436,045 576,003 103,954,553 Consumer
Listrik, gas dan air 50,864 792 1,129 269 3,214 56,268 Electricity, gas and water
Pengangkutan 747,248 20,523 4,763 5,553 5,274 783,361 Transportation
Perdagangan 12,264,130 277,925 170,810 137,814 120,332 12,971,011 Trading
Pertambangan 184,123 3,379 326 340 777 188,945 Mining
Pertanian 9,022,610 159,384 36,732 45,412 102,164 9,366,302 Agriculture
Sosial/masyarakat 93,644 402 253 124 193 94,616 Social/public
Lainnya 655,838 42 - - 940 656,820 Others
131,515,173 2,170,895 846,503 681,369 1,425,334 136,639,274
Mata uang asing Foreign currency
Pengangkutan 82,252 - - - - 82,252 Transportation
82,252 - - - - 82,252
Jumlah piutang 131,597,425 2,170,895 846,503 681,369 1,425,334 136,721,526 Total receivables
Cadangan kerugian penurunan nilai (2,008,862) (326,784) (342,221 ) (349,871) (1,333,630) (4,361,368) Allowance for impairment losses
Bersih 129,588,563 1,844,111 504,282 331,498 91,704 132,360,158 Net
31 Desember/December 2022
Perhatian
Lancar/ khusus/Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Industri 1,403,122 46,071 25,907 14,031 595,313 2,084,444 Manufacturing
Jasa usaha 4,515,442 90,207 76,551 29,385 48,481 4,760,066 Business services
Konstruksi 273,828 10,387 2,173 5,275 6,897 298,560 Construction
Konsumer 93,188,053 1,286,816 462,770 323,660 580,079 95,841,378 Consumer
Listrik, gas dan air 58,964 2,285 4,538 98 539 66,424 Electricity, gas and water
Pengangkutan 821,468 54,123 8,265 5,372 7,519 896,747 Transportation
Perdagangan 11,359,721 327,790 197,652 119,079 175,495 12,179,737 Trading
Pertambangan 54,493 1,069 606 2,240 6,870 65,278 Mining
Pertanian 7,330,563 180,297 47,457 37,951 47,966 7,644,234 Agriculture
Sosial/masyarakat 45,320 341 342 88 263 46,354 Social/public
Lainnya 878,793 - 815 - 284 879,892 Others
119,929,767 1,999,386 827,076 537,179 1,469,706 124,763,114
Mata uang asing Foreign currencies
Pengangkutan - 123,652 - - - 123,652 Transportation
- 123,652 - - - 123,652
Jumlah piutang 119,929,767 2,123,038 827,076 537,179 1,469,706 124,886,766 Total receivables
Cadangan kerugian penurunan nilai (1,790,062) (407,751) (361,808 ) (243,150) (1,382,016) (4,184,787) Allowance for impairment losses
Bersih 118,139,705 1,715,287 465,268 294,029 87,690 120,701,979 Net
Halaman - 63 - Page
606 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 609
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. PIUTANG (lanjutan) 9. RECEIVABLES (continued)
c. Berdasarkan jangka waktu c. By period
2023 2022
Rupiah Rupiah
≤ 1 tahun 219,096 287,642 ≤ 1 year
> 1 - ≤ 2 tahun 1,137,206 1,266,989 > 1 - ≤ 2 years
> 2 - ≤ 5 tahun 20,590,042 19,211,176 > 2 - ≤ 5 years
> 5 tahun 114,692,930 103,997,307 > 5 years
136,639,274 124,763,114
Mata uang asing Foreign currencies
≤ 1 tahun - - ≤ 1 year
> 1 - ≤ 2 tahun - - > 1 - ≤ 2 years
> 2 - ≤ 5 tahun 82,252 123,652 > 2 - ≤ 5 years
> 5 tahun - - > 5 years
82,252 123,652
Jumlah 136,721,526 124,886,766 Total
Cadangan kerugian penurunan nilai (4,361,368) (4,184,787) Allowance for impairment losses
Bersih 132,360,158 120,701,979 Net
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
2023 2022
Rupiah Rupiah
≤ 1 bulan 187,326 215,567 ≤ 1 month
> 1 - ≤ 3 bulan 215,094 220,941 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 2,726,139 2,565,000 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 43,042,542 36,526,036 > 1 - ≤ 5 years
> 5 tahun 90,468,173 85,235,570 > 5 years
136,639,274 124,763,114
Mata uang asing Foreign currencies
≤ 1 bulan - - ≤ 1 month
> 1 - ≤ 3 bulan - - > 1 - ≤ 3 months
> 3 - ≤ 12 bulan - - > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 82,252 123,652 > 1 - ≤ 5 years
> 5 tahun - - > 5 years
82,252 123,652
Jumlah 136,721,526 124,886,766 Total
Cadangan kerugian penurunan nilai (4,361,368) (4,184,787) Allowance for impairment losses
Bersih 132,360,158 120,701,979 Net
e. Berdasarkan keterkaitan e. By relationship
2023 2022
Pihak ketiga Third parties
Rupiah 136,526,403 124,537,941 Rupiah
Mata uang asing 82,252 123,652 Foreign currencies
136,608,655 124,661,593
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 112,871 225,173 Rupiah
Jumlah 136,721,526 124,886,766 Total
Cadangan kerugian penurunan nilai (4,361,368) (4,184,787) Allowance for impairment losses
Bersih 132,360,158 120,701,979 Net
Halaman - 64 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 607
Page 610
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. PIUTANG (lanjutan) 9. RECEIVABLES (continued)
f. Berdasarkan kolektibilitas f. By collectibility
31 Desember/December 2023 31 Desember/December 2022
Cadangan Cadangan
kerugian kerugian
penurunan penurunan
nilai/Allowance nilai/Allowance
Pokok/ for impairment Pokok/ for impairment
Principal losses Principal losses
Lancar 131,597,425 2,008,862 119,929,767 1,790,062 Current
Dalam perhatian khusus 2,170,895 326,784 2,123,038 407,751 Special mention
Kurang lancar 846,503 342,221 827,076 361,808 Substandard
Diragukan 681,369 349,871 537,179 243,150 Doubtful
Macet 1,425,334 1,333,630 1,469,706 1,382,016 Loss
136,721,526 4,361,368 124,886,766 4,184,787
g. Informasi penting lainnya g. Other significant information
1) Pinjaman karyawan yang diikat dengan 1) Employee loans that used murabahah
akad murabahah adalah pinjaman yang contract are loans to employees used for
diberikan kepada karyawan untuk acquisition of houses, vehicles and other
pembelian rumah, kendaraan dan necessities with 1 (one) until 30 (thirty)
keperluan lainnya dengan jangka waktu years period and paid through monthly
antara 1 (satu) sampai dengan 30 (tiga salary deductions.
puluh) tahun dan dibayar kembali melalui
pemotongan gaji setiap bulan.
2) Efektif yield margin piutang murabahah 2) Effective margin yield murabahah
untuk Rupiah berkisar antara 9,74% receivables for Rupiah ranges from 9.74%
sampai dengan 10,37% per tahun untuk to 10.37% per annum for the year ended
tahun yang berakhir 31 Desember 2023 31 December 2023 and 10.15% to
dan 10,15% sampai dengan 11,58% per 11.58% per annum for the year ended
tahun untuk tahun yang berakhir 31 December 2022 and for foreign
31 Desember 2022 dan untuk mata uang currencies ranges from 1.04% to 1.11%
asing berkisar antara 1,04% sampai per annum for the year ended
dengan 1,11% per tahun untuk tahun yang 31 December 2023 and 0.03% to 2.14%
berakhir 31 Desember 2023 dan 0,03% per annum for the year ended
sampai dengan 2,14% per tahun untuk 31 December 2022.
tahun yang berakhir 31 Desember 2022.
3) Perubahan cadangan kerugian penurunan 3) The movements of allowance for
nilai piutang adalah sebagai berikut: impairment losses on receivables are as
follows:
2023 2022
Saldo awal 4,184,787 3,450,506 Beginning balance
Pembentukan selama
tahun berjalan (Catatan 39) 1,536,234 1,880,435 Provision during the year (Note 39)
Penerimaan kembali hapus buku 451,408 255,382 Recoveries of write-off
Penghapusbukuan selama
tahun berjalan (1,809,187) (1,409,512) Write-off during the year
Selisih kurs (1,874) 7,976 Exchange rate difference
Saldo akhir 4,361,368 4,184,787 Ending balance
Manajemen berpendapat bahwa jumlah Management believes that the allowance
cadangan kerugian penurunan nilai for impairment losses on murabahah
piutang murabahah yang dibentuk telah receivables is adequate to cover potential
memadai untuk menutup kemungkinan losses from uncollectible receivables.
kerugian akibat tidak tertagihnya piutang.
Piutang dijamin agunan yang diikat Receivables are collateralised by
dengan hak tanggungan atau surat kuasa registered mortgages or powers of
memasang hak tanggungan atau surat attorneys to mortgage and sell,
kuasa untuk menjual, deposito mudharabah time deposits (Note 26) or by
mudharabah (Catatan 26) atau jaminan other guarantees generally accepted by
lain yang umumnya dapat diterima oleh the Bank.
Bank.
Halaman - 65 - Page
608 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 611
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. PIUTANG (lanjutan) 9. RECEIVABLES (continued)
g. Informasi penting lainnya (lanjutan) g. Other significant information (continued)
4) Jumlah piutang yang direstrukturisasi 4) Total restructured receivables as at
sampai dengan tanggal 31 December 2023 amounting to
31 Desember 2023 adalah sebesar Rp6,535,172 (2022: Rp10,970,744),
Rp6.535.172 (2022: Rp10.970.744), including restructured receivables related
termasuk piutang restrukturisasi terkait to COVID-19 amounting to Rp3,703,357
COVID-19 sebesar Rp3.703.357 (2022: (2022: Rp8,036,421). Receivables were
Rp8.036.421). Restrukturisasi piutang restructured by extending the period,
dilakukan dengan cara perpanjangan rescheduling and adding receivable facility
waktu, penjadwalan dan penambahan for debtors.
fasilitas piutang bagi debitur.
Jumlah piutang yang telah The amount of receivables that have been
direstrukturisasi berdasarkan kolektibilitas restructured based on collectibility as at
pada tanggal 31 Desember 2023 dan 31 December 2023 and 2022 are as
2022 adalah sebagai berikut: follows:
2023 2022
Lancar 4,041,143 7,862,535 Current
Dalam perhatian khusus 683,014 1,143,149 Special mention
Kurang lancar 368,402 541,984 Substandard
Diragukan 398,071 355,426 Doubtful
Macet 1,044,542 1,067,650 Loss
6,535,172 10,970,744
5) Rasio Non-Performing Financing (“NPF”) 5) The gross and net ratio of total Non-
bruto dan neto atas jumlah piutang adalah Performing Financing (“NPF”) on
sebagai berikut: receivables are as follows:
2023 2022
Jumlah piutang*) 136,721,476 124,886,633 Total receivables*)
NPF - Bruto*) 2,953,206 2,833,961 NPF - Gross*)
Persentase NPF - Bruto 2.16% 2.27% Percentage of NPF - Gross
NPF - Neto*) 927,484 846,987 NPF - Net*)
Persentase NPF - Neto 0.68% 0.68% Percentage of NPF - Net
*) Diluar piutang kepada bank lain *) Exclude receivables to other banks
10. PINJAMAN QARDH 10. FUNDS OF QARDH
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Rahn 5,576,102 4,496,408 Rahn
Qardh 3,087,794 3,016,141 Qardh
Kartu Hasanah 684,463 545,098 Hasanah Card
9,348,359 8,057,647
Mata uang asing Foreign currencies
Qardh 1,958,722 1,643,962 Qardh
Jumlah 11,307,081 9,701,609 Total
Cadangan kerugian penurunan nilai (817,917) (834,596) Allowance for impairment losses
Bersih 10,489,164 8,867,013 Net
Halaman - 66 - Page
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Page 612
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. PINJAMAN QARDH (lanjutan) 10. FUNDS OF QARDH (continued)
b. Berdasarkan mata uang, sektor ekonomi, b. By currency, economic sector and
dan kolektibilitas collectibility
31 Desember/December 2023
Perhatian
Lancar/ khusus/Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Industri 36,602 - - - 240,067 276,669 Manufacturing
Jasa usaha 321,043 - - - - 321,043 Business services
Konstruksi 1,772,100 4,811 - - 15,095 1,792,006 Construction
Konsumer 6,355,301 37,653 5,655 8,962 16,565 6,424,136 Consumer
Pengangkutan 4,840 - - - 6,013 10,853 Transportation
Perdagangan 301,588 13 - - 900 302,501 Trading
Pertanian 176,674 - - - - 176,674 Agriculture
Lainnya 44,477 - - - - 44,477 Others
9,012,625 42,477 5,655 8,962 278,640 9,348,359
Mata uang asing Foreign currency
Industri 1,921,819 - - - - 1,921,819 Manufacturing
Pengangkutan 32,580 - - - - 32,580 Transportation
Perdagangan 4,323 - - - - 4,323 Trading
1,958,722 - - - - 1,958,722
Jumlah pinjaman qardh 10,971,347 42,477 5,655 8,962 278,640 11,307,081 Total funds of qardh
Cadangan kerugian penurunan nilai (528,368) (6,377) (669) (3,863) (278,640) (817,917) Allowance for impairment losses
Bersih 10,442,979 36,100 4,986 5,099 - 10,489,164 Net
31 Desember/December 2022
Perhatian
Lancar/ khusus/Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Industri 3,077 7,955 - 1,297 230,816 243,145 Manufacturing
Jasa usaha 131,724 - - - - 131,724 Business services
Konstruksi 1,891,949 23,102 - 15,566 24,344 1,954,961 Construction
Konsumer 5,203,596 30,239 7,417 6,504 9,306 5,257,062 Consumer
Pengangkutan - - 6,013 - 3,500 9,513 Transportation
Perdagangan 259,977 - 20 3,000 1,900 264,897 Trading
Pertanian 139,978 - - - - 139,978 Agriculture
Lainnya 56,367 - - - - 56,367 Others
7,686,668 61,296 13,450 26,367 269,866 8,057,647
Mata uang asing Foreign currencies
Industri 1,552,772 - - - - 1,552,772 Manufacturing
Pengangkutan 16,626 - - - - 16,626 Transportation
Perdagangan 15,639 - - - - 15,639 Trading
Pertambangan 54,097 - - - - 54,097 Mining
Pertanian 4,828 - - - - 4,828 Agriculture
1,643,962 - - - - 1,643,962
Jumlah pinjaman qardh 9,330,630 61,296 13,450 26,367 269,866 9,701,609 Total funds of qardh
Cadangan kerugian penurunan nilai (516,085) (21,335) (6,956) (20,354) (269,866) (834,596) Allowance for impairment losses
Bersih 8,814,545 39,961 6,494 6,013 - 8,867,013 Net
c. Berdasarkan jangka waktu c. By period
2023 2022
Rupiah Rupiah
≤ 1 tahun 6,856,585 5,943,594 ≤ 1 year
> 1 - ≤ 2 tahun 489,505 644,726 > 1 - ≤ 2 years
> 2 - ≤ 5 tahun 61,205 47,135 > 2 - ≤ 5 years
> 5 tahun 1,941,064 1,422,192 > 5 years
9,348,359 8,057,647
Mata uang asing Foreign currencies
≤ 1 tahun 1,951,208 1,621,449 ≤ 1 year
> 1 - ≤ 2 tahun 7,514 22,513 > 1 - ≤ 2 years
> 2 - ≤ 5 tahun - - > 2 - ≤ 5 years
> 5 tahun - - > 5 years
1,958,722 1,643,962
Jumlah 11,307,081 9,701,609 Total
Cadangan kerugian penurunan nilai (817,917) (834,596) Allowance for impairment losses
Bersih 10,489,164 8,867,013 Net
Halaman - 67 - Page
610 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 613
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. PINJAMAN QARDH (lanjutan) 10. FUNDS OF QARDH (continued)
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
2023 2022
Rupiah Rupiah
≤ 1 bulan 1,741,674 1,067,343 ≤ 1 month
> 1 - ≤ 3 bulan 2,934,831 2,834,400 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 2,789,229 2,299,952 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 695,668 1,071,676 > 1 - ≤ 5 years
> 5 tahun 1,186,957 784,276 > 5 years
9,348,359 8,057,647
Mata uang asing Foreign currencies
≤ 1 bulan 565,713 584,312 ≤ 1 month
> 1 - ≤ 3 bulan 498,081 889,384 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 894,497 170,266 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 431 - > 1 - ≤ 5 years
> 5 tahun - - > 5 years
1,958,722 1,643,962
Jumlah 11,307,081 9,701,609 Total
Cadangan kerugian penurunan nilai (817,917) (834,596) Allowance for impairment losses
Bersih 10,489,164 8,867,013 Net
e. Berdasarkan keterkaitan e. By relationship
2023 2022
Pihak ketiga Third parties
Rupiah 7,509,363 6,356,470 Rupiah
Mata uang asing 1,958,722 1,643,962 Foreign currency
9,468,085 8,000,432
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 1,838,996 1,701,177 Rupiah
Jumlah 11,307,081 9,701,609 Total
Cadangan kerugian penurunan nilai (817,917) (834,596) Allowance for impairment losses
Bersih 10,489,164 8,867,013 Net
f. Berdasarkan kolektibilitas f. By collectibility
31 Desember/December 2023 31 Desember/December 2022
Cadangan Cadangan
kerugian kerugian
penurunan penurunan
nilai/Allowance nilai/Allowance
Pokok/ for impairment Pokok/ for impairment
Principal losses Principal losses
Lancar 10,971,347 528,368 9,330,630 516,085 Current
Dalam perhatian khusus 42,477 6,377 61,296 21,335 Special mention
Kurang lancar 5,655 669 13,450 6,956 Substandard
Diragukan 8,962 3,863 26,367 20,354 Doubtful
Macet 278,640 278,640 269,866 269,866 Loss
11,307,081 817,917 9,701,609 834,596
Halaman - 68 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 611
Page 614
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. PINJAMAN QARDH (lanjutan) 10. FUNDS OF QARDH (continued)
g. Informasi penting lainnya g. Other significant information
1) Perubahan cadangan kerugian penurunan 1) The movements of allowance for
nilai pinjaman qardh adalah sebagai impairment losses on funds of qardh are
berikut: as follows:
2023 2022
Saldo awal 834,596 337,831 Beginning balance
Pembentukan selama tahun
berjalan (Catatan 39) 80,586 576,774 Provision during the year (Note 39)
Penerimaan kembali hapus buku 21,920 2,293 Recoveries of written-off
Penghapusbukuan selama
tahun berjalan (119,043) (83,813) Write-off during the year
Selisih kurs (142) 1,511 Exchange rate differences
Saldo akhir 817,917 834,596 Ending balance
Manajemen berpendapat bahwa jumlah Management believes that the allowance
cadangan kerugian penurunan nilai for impairment losses on funds of qardh is
pinjaman qardh yang dibentuk telah adequate to cover potential losses from
memadai untuk menutup kemungkinan uncollectible funds of qardh.
kerugian akibat tidak tertagihnya pinjaman
qardh.
2) Pinjaman qardh dijamin agunan yang 2) Funds of qardh are collateralised by
diikat dengan gadai, hak tanggungan atau pawning, registered mortgages or powers
surat kuasa memasang hak tanggungan of attorneys to mortgage and sell, or by
atau surat kuasa untuk menjual, atau other guarantees generally accepted by
jaminan lain yang umumnya dapat the Bank.
diterima oleh Bank.
3) Jumlah pinjaman qardh yang 3) Total restructured funds of qardh as at
direstrukturisasi sampai dengan tanggal 31 December 2023 amounting to
31 Desember 2023 adalah sebesar Rp745,605 (2022: Rp740,730), including
Rp745.605 (2022: Rp740.730), termasuk restructured receivables related to COVID-
piutang restrukturisasi terkait COVID-19 19 amounting to Rp487,100 (2022:
sebesar Rp487.100 (2022: Rp703.675). Rp703,675). Receivables were
Restrukturisasi piutang dilakukan dengan restructured by extending the period,
cara perpanjangan waktu, penjadwalan rescheduling and adding funds of qardh
ulang dan penambahan fasilitas pinjaman facility for debtors.
qardh bagi debitur.
Jumlah pinjaman qardh yang telah The amount of funds of qardh that have
direstrukturisasi berdasarkan kolektibilitas been restructured based on collectibility as
pada tanggal 31 Desember 2023 dan at 31 December 2023 and 2022 are as
2022 adalah sebagai berikut: follows:
2023 2022
Lancar 478,080 657,100 Current
Dalam perhatian khusus 7,577 32,384 Special mention
Kurang lancar 400 6,608 Substandard
Diragukan 811 15,815 Doubtful
Macet 258,737 28,823 Loss
745,605 740,730
Halaman - 69 - Page
612 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 615
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. PINJAMAN QARDH (lanjutan) 10. FUNDS OF QARDH (continued)
g. Informasi penting lainnya (lanjutan) g. Other significant information (continued)
4) Rasio Non-Performing Financing (“NPF”) 4) The gross and net ratio of total Non-
bruto dan neto atas jumlah pinjaman Performing Financing (“NPF”) on funds of
qardh adalah sebagai berikut: qardh are as follows:
2023 2022
Jumlah pinjaman qardh*) 11,307,081 9,701,609 Total funds of qardh*)
NPF - Bruto*) 293,257 309,683 NPF - Gross*)
Persentase NPF - Bruto 2.59% 3.19% Percentage of NPF - Gross
NPF - Neto*) 10,085 12,507 NPF - Net*)
Persentase NPF - Neto 0.09% 0.13% Percentage of NPF - Net
*) *)
Diluar pinjaman qardh kepada bank lain Exclude funds of qardh to other banks
11. PEMBIAYAAN MUDHARABAH 11. MUDHARABAH FINANCING
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Modal kerja 1,870,347 1,028,305 Working capital
Investasi 10,786 13,092 Investment
Jumlah 1,881,133 1,041,397 Total
Cadangan kerugian penurunan nilai (49,481) (39,440) Allowance for impairment losses
Bersih 1,831,652 1,001,957 Net
b. Berdasarkan mata uang, sektor ekonomi, b. By currency, economic sector and
dan kolektibilitas collectibility
31 Desember/December 2023
Perhatian
Lancar/ khusus/Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Industri 7,382 - - - 128 7,510 Manufacturing
Jasa usaha 29,023 - - - - 29,023 Business services
Konstruksi 5,733 - - - - 5,733 Construction
Perdagangan 23,717 - - - - 23,717 Trading
Pertanian 36,675 - - - - 36,675 Agriculture
Sosial/masyarakat 1,853 - - - - 1,853 Social/public
Pertambangan 5,000 - - - - 5,000 Mining
Lainnya 1,707,405 33,101 - - 31,116 1,771,622 Others
Jumlah pembiayaan 1,816,788 33,101 - - 31,244 1,881,133 Total financing
Cadangan kerugian penurunan nilai (16,472) (1,765) - - (31,244) (49,481) Allowance for impairment losses
Bersih 1,800,316 31,336 - - - 1,831,652 Net
31 Desember/December 2022
Perhatian
Lancar/ khusus/Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Industri 6,720 - - - 149 6,869 Manufacturing
Jasa usaha 16,116 - - - - 16,116 Business services
Konstruksi 6,584 - - - - 6,584 Construction
Perdagangan 19,929 - - - - 19,929 Trading
Pertanian 1,803 - - - - 1,803 Agriculture
Sosial/masyarakat 1,516 - - - - 1,516 Social/public
Lainnya 959,053 10,208 685 1,363 17,271 988,580 Others
Jumlah pembiayaan 1,011,721 10,208 685 1,363 17,420 1,041,397 Total financing
Cadangan kerugian penurunan nilai (9,764) (10,208) (685) (1,363) (17,420) (39,440) Allowance for impairment losses
Bersih 1,001,957 - - - - 1,001,957 Net
c. Berdasarkan jangka waktu c. By period
2023 2022
Rupiah Rupiah
≤ 1 tahun 1,000,980 93,706 ≤ 1 year
> 1 - ≤ 2 tahun 78,581 183,177 > 1 - ≤ 2 years
> 2 - ≤ 5 tahun 287,296 287,915 > 2 - ≤ 5 years
> 5 tahun 514,276 476,599 > 5 years
Jumlah 1,881,133 1,041,397 Total
Cadangan kerugian penurunan nilai (49,481) (39,440) Allowance for impairment losses
Bersih 1,831,652 1,001,957 Net
Halaman - 70 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 613
Page 616
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PEMBIAYAAN MUDHARABAH (lanjutan) 11. MUDHARABAH FINANCING (continued)
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
2023 2022
Rupiah Rupiah
≤ 1 bulan 17,726 9,809 ≤ 1 month
> 1 - ≤ 3 bulan 3,515 98,222 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 1,120,244 176,926 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 500,389 537,883 > 1 - ≤ 5 years
> 5 tahun 239,259 218,557 > 5 years
Jumlah 1,881,133 1,041,397 Total
Cadangan kerugian penurunan nilai (49,481) (39,440) Allowance for impairment losses
Bersih 1,831,652 1,001,957 Net
e. Berdasarkan keterkaitan e. By relationship
2023 2022
Pihak ketiga Third parties
Rupiah 881,133 816,175 Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 1,000,000 225,222 Rupiah
Jumlah 1,881,133 1,041,397 Total
Cadangan kerugian penurunan nilai (49,481) (39,440) Allowance for impairment losses
Bersih 1,831,652 1,001,957 Net
f. Berdasarkan kolektibilitas f. By collectibility
31 Desember/December 2023 31 Desember/December 2022
Cadangan Cadangan
kerugian kerugian
penurunan penurunan
nilai/Allowance nilai/Allowance
Pokok/ for impairment Pokok/ for impairment
Principal losses Principal losses
Lancar 1,816,788 16,472 1,011,721 9,764 Current
Dalam perhatian khusus 33,101 1,765 10,208 10,208 Special mention
Kurang lancar - - 685 685 Substandard
Diragukan - - 1,363 1,363 Doubtful
Macet 31,244 31,244 17,420 17,420 Loss
1,881,133 49,481 1,041,397 39,440
g. Informasi penting lainnya g. Other significant information
1) Efektif yield bagi hasil pembiayaan 1) Effective profit sharing yield mudharabah
mudharabah untuk Rupiah berkisar antara financing for Rupiah ranges from 4.01% to
4,01% sampai dengan 9,98% per tahun 9.98% per annum for the the year ended
untuk tahun yang berakhir 31 December 2023 and ranges from
31 Desember 2023 dan berkisar antara 7.94% to 10.59% per annum for the year
7,94% sampai dengan 10,59% per tahun ended 31 December 2022.
untuk tahun yang berakhir
31 Desember 2022.
2) Perubahan cadangan kerugian penurunan 2) The movements of allowance for
nilai pembiayaan mudharabah adalah impairment losses on mudharabah
sebagai berikut: financing are as follows:
2023 2022
Saldo awal 39,440 36,123 Beginning balance
Pembentukan selama
tahun berjalan (Catatan 39) 11,962 9,043 Provision during the year (Note 39)
Penerimaan kembali hapus buku - 2,845 Recoveries of written-off
Penghapusbukuan selama
tahun berjalan (1,921) (8,571) Write-off during the year
Saldo akhir 49,481 39,440 Ending balance
Halaman - 71 - Page
614 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 617
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. PEMBIAYAAN MUDHARABAH (lanjutan) 11. MUDHARABAH FINANCING (continued)
g. Informasi penting lainnya (lanjutan) g. Other significant information (continued)
2) Manajemen berpendapat bahwa 2) Management believes that the allowance
cadangan kerugian penurunan nilai for impairment losses on mudharabah
pembiayaan mudharabah yang dibentuk financing is adequate to cover potential
telah memadai untuk menutup losses from uncollectible mudharabah
kemungkinan kerugian akibat tidak financing.
tertagihnya pembiayaan mudharabah.
3) Pembiayaan mudharabah dijamin agunan 3) Mudharabah financing is collateralised by
yang diikat dengan hak tanggungan atau registered mortgage or powers of
surat kuasa memasang hak tanggungan attorneys to mortgage or sell, mudharabah
atau surat kuasa untuk menjual, deposito time deposits (Note 26) or by other
mudharabah (Catatan 26) atau jaminan guarantees generally accepted by the
lain yang umumnya dapat diterima oleh Bank.
Bank.
4) Jumlah pembiayaan mudharabah yang 4) Total restructured mudharabah financing
direstrukturisasi sampai dengan tanggal as at 31 December 2023 amounting to
31 Desember 2023 adalah sebesar Rp39,836 (2022: Rp47,116), including
Rp39.836 (2022: Rp47.116), termasuk restructured mudharabah financing related
restrukturisasi pembiayaan terkait COVID- to COVID-19 amounting to Rp28,449
19 sebesar Rp28.449 (2022: Rp42.075). (2022: Rp42,075). Mudharabah financing
Restrukturisasi pembiayaan mudharabah were restructured by extending the period,
dilakukan dengan cara perpanjangan rescheduling and adding facility for
waktu, penjadwalan ulang dan debtors.
penambahan fasilitas pembiayaan bagi
debitur.
Jumlah pembiayaan mudharabah yang The amount of mudharabah financing that
telah direstrukturisasi berdasarkan have been restructured based on
kolektibilitas pada tanggal collectibility as at 31 December 2023 and
31 Desember 2023 dan 2022 adalah 2022 are as follows:
sebagai berikut:
2023 2022
Lancar 10,490 20,801 Current
Dalam perhatian khusus 1,463 10,208 Special mention
Kurang lancar - 685 Substandard
Diragukan - 1,363 Doubtful
Macet 27,882 14,059 Loss
39,835 47,116
5) Rasio Non-Performing Financing (“NPF”) 5) The gross and net ratio of total Non-
bruto dan neto atas jumlah pembiayaan Performing Financing (“NPF”) on
mudharabah adalah sebagai berikut: mudharabah financing are as follows:
2023 2022
Jumlah pembiayaan
mudharabah*) 1,700,786 895,458 Total mudharabah financing*)
NPF - Bruto*) 29,467 17,682 NPF - Gross*)
Persentase NPF - Bruto 1.73% 1.97% Percentage of NPF - Gross
NPF - Neto*) - - NPF - Net*)
Persentase NPF - Neto 0.00% 0.00% Percentage of NPF - Net
*) Diluar pembiayaan mudharabah kepada bank lain *) Exclude mudharabah financing to other banks
Halaman - 72 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 615
Page 618
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. PEMBIAYAAN MUSYARAKAH 12. MUSYARAKAH FINANCING
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Investasi 35,500,247 28,603,520 Investment
Modal kerja 30,524,281 28,624,475 Working capital
Konsumsi 20,016,965 11,253,168 Consumption
86,041,493 68,481,163
Mata uang asing Foreign currencies
Investasi 1,931,367 1,613,825 Investment
Modal kerja 243,337 495,523 Working capital
2,174,704 2,109,348
Jumlah 88,216,197 70,590,511 Total
Cadangan kerugian penurunan nilai (4,459,696) (4,139,565) Allowance for impairment losses
Bersih 83,756,501 66,450,946 Net
b. Berdasarkan mata uang, sektor ekonomi, b. By currency, economic sector and
dan kolektibilitas collectibility
31 Desember/December 2023
Perhatian
Lancar/ khusus/Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Industri 6,233,563 29,720 118,072 57,493 512,556 6,951,404 Manufacturing
Jasa usaha 12,082,992 16,619 20,321 24,274 17,818 12,162,024 Business services
Konstruksi 14,398,456 2,145,324 9,468 4,943 69,838 16,628,029 Construction
Konsumer 19,754,422 99,679 61,185 38,515 63,164 20,016,965 Consumer
Listrik, gas dan air 3,909,937 - 474 - 196 3,910,607 Electricity, gas and water
Pengangkutan 7,220,443 32,023 3,179 224 22,763 7,278,632 Transportation
Perdagangan 6,304,246 325,937 58,402 41,910 136,583 6,867,078 Trading
Pertambangan 256,915 - - - 6,737 263,652 Mining
Pertanian 8,197,582 23,587 22,541 5,464 46,798 8,295,972 Agriculture
Sosial/masyarakat 269,690 663 - - - 270,353 Social/public
Lainnya 3,385,744 - - - 11,033 3,396,777 Others
82,013,990 2,673,552 293,642 172,823 887,486 86,041,493
Mata uang asing Foreign currency
Industri 16,719 - - - - 16,719 Manufacturing
Jasa usaha 122,321 - - - - 122,321 Business services
Listrik, gas dan air 467,298 - 333,794 - - 801,092 Electricity, gas and water
Pengangkutan 156,043 - - - - 156,043 Transportation
Pertambangan 1,078,529 - - - - 1,078,529 Mining
1,840,910 - 333,794 - - 2,174,704
Jumlah pembiayaan 83,854,900 2,673,552 627,436 172,823 887,486 88,216,197 Total financing
Cadangan kerugian penurunan nilai (1,373,575) (1,753,279) (363,211 ) (84,448) (885,183 ) (4,459,696) Allowance for impairment losses
Bersih 82,481,325 920,273 264,225 88,375 2,303 83,756,501 Net
31 Desember/December 2022
Perhatian
Lancar/ khusus/Special Kurang lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Rupiah Rupiah
Industri 6,117,878 13,721 179,318 17,395 536,111 6,864,423 Manufacturing
Jasa usaha 10,355,976 40,017 24,233 10,300 63,374 10,493,900 Business services
Konstruksi 13,435,953 474,656 62,651 12,150 47,047 14,032,457 Construction
Konsumer 11,086,276 70,698 51,531 19,406 25,257 11,253,168 Consumer
Listrik, gas, dan air 2,982,048 606 8,778 - - 2,991,432 Electricity, gas and water
Pengangkutan 4,445,028 3,067 26,467 - 11,029 4,485,591 Transportation
Perdagangan 6,003,387 338,935 75,844 55,919 75,089 6,549,174 Trading
Pertambangan 1,860,700 5,840 4,244 - 3,730 1,874,514 Mining
Pertanian 6,345,769 46,907 60,108 13,259 23,886 6,489,929 Agriculture
Sosial/masyarakat 281,320 - - - - 281,320 Social/public
Lainnya 3,153,636 1,702 - 294 9,623 3,165,255 Others
66,067,971 996,149 493,174 128,723 795,146 68,481,163
Mata uang asing Foreign currencies
Industri 11,983 - - - - 11,983 Manufacturing
Listrik, gas, dan air 587,571 - 388,533 - - 976,104 Electricity, gas and water
Pengangkutan 60,652 - - - - 60,652 Transportation
Perdagangan 10,679 - - - - 10,679 Trading
Pertambangan 1,049,930 - - - - 1,049,930 Mining
1,720,815 - 388,533 - - 2,109,348
Jumlah pembiayaan 67,788,786 996,149 881,707 128,723 795,146 70,590,511 Total financing
Cadangan kerugian penurunan nilai (2,045,521) (561,540) (665,525 ) (71,833) (795,146 ) (4,139,565) Allowance for impairment losses
Bersih 65,743,265 434,609 216,182 56,890 - 66,450,946 Net
Halaman - 73 - Page
616 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 619
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. PEMBIAYAAN MUSYARAKAH (lanjutan) 12. MUSYARAKAH FINANCING (continued)
c. Berdasarkan jangka waktu c. By period
2023 2022
Rupiah Rupiah
≤ 1 tahun 9,168,106 6,549,788 ≤ 1 year
> 1 - ≤ 2 tahun 5,114,278 7,004,338 > 1 - ≤ 2 years
> 2 - ≤ 5 tahun 10,001,175 11,338,883 > 2 - ≤ 5 years
> 5 tahun 61,757,934 43,588,154 > 5 years
86,041,493 68,481,163
Mata uang asing Foreign currencies
≤ 1 tahun 19,246 301,119 ≤ 1 year
> 1 - ≤ 2 tahun 110,773 2,501 > 1 - ≤ 2 years
> 2 - ≤ 5 tahun 369,930 152,562 > 2 - ≤ 5 years
> 5 tahun 1,674,755 1,653,166 > 5 years
2,174,704 2,109,348
Jumlah 88,216,197 70,590,511 Total
Cadangan kerugian penurunan nilai (4,459,696) (4,139,565) Allowance for impairment losses
Bersih 83,756,501 66,450,946 Net
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
2023 2022
Rupiah Rupiah
≤ 1 bulan 2,780,961 2,925,305 ≤ 1 month
> 1 - ≤ 3 bulan 4,182,168 4,041,830 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 10,834,266 8,126,567 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 18,601,545 18,682,558 > 1 - ≤ 5 years
> 5 tahun 49,642,553 34,704,903 > 5 years
86,041,493 68,481,163
Mata uang asing Foreign currencies
> 1 - ≤ 3 bulan - 215,103 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 187,843 88,517 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 1,520,665 1,468,587 > 1 - ≤ 5 years
> 5 tahun 466,196 337,141 > 5 years
2,174,704 2,109,348
Jumlah 88,216,197 70,590,511 Total
Cadangan kerugian penurunan nilai (4,459,696) (4,139,565) Allowance for impairment losses
Bersih 83,756,501 66,450,946 Net
e. Berdasarkan keterkaitan e. By relationship
2023 2022
Pihak ketiga Third parties
Rupiah 61,278,023 46,598,245 Rupiah
Mata uang asing 2,174,704 2,109,348 Foreign currencies
63,452,727 48,707,593
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 24,763,470 21,882,918 Rupiah
Jumlah 88,216,197 70,590,511 Total
Cadangan kerugian penurunan nilai (4,459,696) (4,139,565) Allowance for impairment losses
Bersih 83,756,501 66,450,946 Net
Halaman - 74 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 617
Page 620
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. PEMBIAYAAN MUSYARAKAH (lanjutan) 12. MUSYARAKAH FINANCING (continued)
f. Berdasarkan kolektibilitas f. By collectibility
31 Desember/December 2023 31 Desember/December 2022
Cadangan Cadangan
kerugian kerugian
penurunan penurunan
nilai/Allowance nilai/Allowance
Pokok/ for impairment Pokok/ for impairment
Principal losses Principal losses
Lancar 83,854,900 1,373,575 67,788,786 2,045,521 Current
Dalam perhatian khusus 2,673,552 1,753,279 996,149 561,540 Special mention
Kurang lancar 627,436 363,211 881,707 665,525 Substandard
Diragukan 172,823 84,448 128,723 71,833 Doubtful
Macet 887,486 885,183 795,146 795,146 Loss
88,216,197 4,459,696 70,590,511 4,139,565
g. Informasi penting lainnya g. Other significant information
1) Pinjaman karyawan yang diikat dengan 1) Employee loans that used musyarakah
akad musyarakah adalah pinjaman yang contract are loans to employees used for
diberikan kepada karyawan untuk acquisition of houses, vehicles and other
pembelian rumah, kendaraan, dan necessities with 1 (one) until 30 (thirty)
keperluan lainnya dengan jangka waktu years period and paid through monthly
antara 1 (satu) sampai dengan 30 (tiga salary deductions.
puluh) tahun dan dibayar kembali melalui
pemotongan gaji setiap bulan.
2) Efektif yield bagi hasil pembiayaan 2) Effective profit sharing yield musyarakah
musyarakah untuk Rupiah berkisar antara financing for Rupiah ranges from 7.11%
7,11% sampai dengan 7,94% per tahun to 7.94% per annum for the year ended
untuk tahun yang berakhir 31 December 2023 and ranges from
31 Desember 2023 dan berkisar antara 7.10% to 8.08% per annum for the year
7,10% sampai dengan 8,08% per tahun ended 31 December 2022 and for foreign
untuk tahun yang berakhir currencies ranging from 2.12% to 14.17%
31 Desember 2022 dan untuk mata uang per annum for the year ended
asing berkisar antara 2,12% sampai 31 December 2023 and ranges from
dengan 14,17% per tahun untuk tahun 2.10% to 7.31% per annum for the year
yang berakhir 31 Desember 2023 dan ended 31 December 2022.
berkisar antara 2,10% sampai dengan
7,31% per tahun untuk tahun yang
berakhir 31 Desember 2022.
3) Perubahan cadangan kerugian penurunan 3) The movements of allowance for
nilai pembiayaan musyarakah adalah impairment losses on musyarakah
sebagai berikut: financing are as follows:
2023 2022
Saldo awal 4,139,565 3,651,313 Beginning balance
Pembentukan selama tahun
berjalan (Catatan 39) 892,055 1,230,474 Provision during the year (Note 39)
Penerimaan kembali hapus buku 138,453 103,459 Recoveries of written-off
Penghapusbukuan selama
tahun berjalan (705,793) (882,126) Write-off during the year
Selisih kurs (4,584) 36,445 Exchange rate difference
Saldo akhir 4,459,696 4,139,565 Ending balance
Manajemen berpendapat bahwa jumlah Management believes that the allowance
cadangan kerugian penurunan nilai for impairment losses on musyarakah
pembiayaan musyarakah yang dibentuk financing is adequate to cover potential
telah memadai untuk menutup losses from uncollectible musyarakah
kemungkinan kerugian akibat tidak financing.
tertagihnya pembiayaan musyarakah.
Halaman - 75 - Page
618 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 621
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. PEMBIAYAAN MUSYARAKAH (lanjutan) 12. MUSYARAKAH FINANCING (continued)
g. Informasi penting lainnya (lanjutan) g. Other significant information (continued)
4) Pembiayaan musyarakah dijamin agunan 4) Musyarakah financing is collateralised by
yang diikat dengan hak tanggungan atau registered mortgages or powers of
surat kuasa memasang hak tanggungan attorneys to mortgage or sell, mudharabah
atau surat kuasa untuk menjual, deposito time deposits (Note 26) or by other
mudharabah (Catatan 26) atau jaminan collaterals generally acceptable by the
lain yang umumnya dapat diterima oleh Bank.
Bank.
5) Jumlah pembiayaan musyarakah yang 5) Total restructured musyarakah financing
direstrukturisasi sampai dengan tanggal as at 31 December 2023 amounting to
31 Desember 2023 adalah sebesar Rp11,402,319 (2022: Rp11,471,188),
Rp11.402.319 (2022: Rp11.471.188), including restructured musyarakah
termasuk restrukturisasi pembiayaan financing related to COVID-19 amounting
terkait COVID-19 sebesar Rp4.510.042 to Rp4,510,042 (2022: Rp5,841,847).
(2022: Rp5.841.847). Restrukturisasi Musyarakah financing were restructured
pembiayaan musyarakah dilakukan by extending the period, rescheduling and
dengan cara perpanjangan waktu, adding facility for debtors.
penjadwalan kembali, dan penambahan
fasilitas pembiayaan bagi debitur.
Jumlah pembiayaan musyarakah yang The amount of musyarakah financing that
telah direstrukturisasi berdasarkan have been restructured based on
kolektibilitas pada tanggal collectibility as at 31 December 2023 and
31 Desember 2023 dan 2022 adalah 2022 are as follows:
sebagai berikut:
2023 2022
Lancar 7,476,674 8,988,007 Current
Dalam perhatian khusus 2,522,407 877,781 Special mention
Kurang lancar 553,632 821,339 Substandard
Diragukan 125,188 79,321 Doubtful
Macet 724,418 704,740 Loss
11,402,319 11,471,188
6) Rasio Non-Performing Financing (”NPF”) 6) The gross and net ratio of total Non-
bruto dan neto atas jumlah pembiayaan Performing Financing (“NPF”) on
musyarakah adalah sebagai berikut: musyarakah financing are as follows:
2023 2022
Jumlah pembiayaan
musyarakah*) 88,172,533 70,574,309 Total musyarakah financing*)
NPF - Bruto*) 1,687,745 1,805,576 NPF - Gross*)
Persentase NPF - Bruto 1.91% 2.56% Percentage of NPF - Gross
NPF - Neto*) 354,903 273,072 NPF - Net*)
Persentase NPF - Neto 0.40% 0.39% Percentage of NPF - Net
*) Diluar pembiayaan musyarakah kepada bank lain *) Exclude musyarakah financing to other banks
Halaman - 76 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 619
Page 622
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. PEMBIAYAAN MUSYARAKAH (lanjutan) 12. MUSYARAKAH FINANCING (continued)
g. Informasi penting lainnya (lanjutan) g. Other significant information (continued)
7) Penjualan pembiayaan Griya untuk 7) The sales of Griya financing for the
keperluan sekuritisasi Efek Beragun Aset purposes of securitisation of Sharia Asset
Syariah - Surat Partisipasi (”EBAS - SP”). Backed Securities - Letter of Participation
("EBAS - SP").
Pada tanggal 3 April 2023, Bank On 3 April 2023, the Bank entered into a
menandatangani Perjanjian Jual Beli Financing Sale and Purchase Agreement
Tagihan Pembiayaan dengan PT Sarana with PT Sarana Multigriya Finansial
Multigriya Finansial (Persero) (”PT SMF”). (Persero) (“PT SMF”). The Bank agreed to
Bank sepakat untuk menjual pembiayaan sell its Griya financing under the
Griya dengan akad Musyarakah Musyarakah Mutanaqisah (”MMQ”)
Mutanaqisah (”MMQ”) kepada PT SMF contract to PT SMF, which consists of
yang terdiri dari 1.604 debitur dengan nilai 1,604 debtors with a principal value of
pokok sebesar Rp325.000. Harga jual Rp325,000. The selling price received by
yang diterima Bank adalah sebesar nilai the Bank equal to the carrying value of the
tercatat pembiayaan. Seluruh pembiayaan financing. All financing sold has current
yang dijual memiliki kolektibilitas lancar collectibility and the average margin rate
dan rata-rata tingkat imbalan 11,61% is 11.61% with an average maturity of 10
dengan rata-rata jangka waktu 10 tahun. years.
Setelah terjadinya penjualan dan Subsequent to the sale and transfer of the
pengalihan kumpulan tagihan tersebut, collection of receivables, credit risks on
risiko kredit atas kumpulan tagihan telah the pool of financing were transferred from
beralih dari Bank kepada PT SMF. the Bank to PT SMF. This transaction has
Transaksi ini telah mendapatkan opini received the opinion of the Sharia
Dewan Pengawas Syariah PT Bank Supervisory Board of PT Bank Syariah
Syariah Indonesia Tbk sesuai dengan Indonesia Tbk in accordance with letter
surat No.35/BSI/DPS/OPINI/IX/2022 No.35/BSI/DPS/OPINI/IX/2022 dated
tanggal 16 September 2022. 16 September 2022.
Bank akan bertindak sebagai penyedia The Bank will act as a service provider for
jasa pengumpul pembayaran pokok dan collecting principal payments and profit
bagi hasil dari para debitur untuk setiap sharing from debtors for each billing
periode penagihan, mentransfer secara period, transferring periodically collection
periodik hasil penagihan pokok dan bagi of principal and profit sharing to PT SMF
hasil kepada PT SMF, dan mengurus and taking care of the debtor's
keperluan administrasi debitur. Bank administrative needs. The Bank is entitled
berhak mendapatkan imbalan jasa to a service fee of 5% from the collection
sebesar 5% dari hasil penagihan atas of principal and profit sharing. The bank
pokok dan bagi hasil. Bank mengakui recognise the servicing fee as fee based
imbalan jasa penagihan sebagai income when the service is renderred.
pendapatan imbalan jasa perbankan pada
saat jasa telah diberikan.
Sebagai penyedia jasa, Bank memiliki As a service provider, the Bank has the
opsi untuk membeli seluruh sisa option to purchase the entire remaining
pembiayaan MMQ yang belum dibayar MMQ financing that have not been paid by
nasabah jika saldo tersisa atas customers if the outstanding balance for
pembiayaan MMQ telah berkurang MMQ financing has been reduced to 10%
sampai menjadi 10% atau kurang, dari or less, of the total MMQ financing at the
jumlah pembiayaan MMQ pada saat awal time of initial sale.
penjualan.
Halaman - 77 - Page
620 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 623
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. ASET YANG DIPEROLEH UNTUK IJARAH - 13. ASSETS ACQUIRED FOR IJARAH - NET
BERSIH
Per 31 Desember 2023 sesuai PSAK 107 (Revisi As at 31 December 2023 based on SFAS 107
2021), akun ini merupakan objek sewa dari (Revised 2021) this account represents lease
transaksi Ijarah Muntahiyah Bittamlik (“IMBT”). Aset object transactions from Ijarah Muntahiyah
ijarah yang terkait multijasa yang sebelumnya Bittamlik (“IMBT”). Ijarah assets related to multi-
dicatat sebagai bagian dari aset yang diperoleh services that were previously recorded as part of
untuk ijarah direklasifikasi menjadi piutang ijarah assets acquired for ijarah were reclassified into
(lihat Catatan 2b dan 9). ijarah receivables (see Note 2b and 9).
Per 31 Desember 2022, akun ini merupakan objek As at 31 December 2022, this account represents
sewa dari transaksi IMBT dan ijarah multijasa. lease object transactions from IMBT and multi-
services ijarah.
2023 2022
Properti 1,750,572 1,002,832 Property
Mesin dan instalasi 1,384,735 937,403 Machinery and installations
Alat transportasi 30,531 2,876 Transportations
Multijasa - 117,351 Multi-services
Lainnya 8,309 192,872 Others
Jumlah 3,174,147 2,253,334 Total
Akumulasi penyusutan, amortisasi, Accumulated depreciation,
dan penurunan nilai (984,040) (768,761) amortisation, and impairment
Bersih 2,190,107 1,484,573 Net
Bank berhak menerima ujrah atas ijarah dan IMBT. The Bank is entitled to receive ujrah for ijarah and
Ujrah atas IMBT berdasarkan sisa jangka waktu IMBT. Ujrah for IMBT by remaining period to
hingga jatuh tempo adalah sebagai berikut: maturity are as follows:
2023 2022
Rupiah Rupiah
≤ 1 bulan 23 52 ≤ 1 month
> 1 - ≤ 3 bulan 229 306 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 2,629 4,015 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 155,505 135,018 > 1 - ≤ 5 years
> 5 tahun 459,120 160,166 > 5 years
617,506 299,557
14. ASET TETAP, ASET HAK GUNA DAN ASET 14. FIXED ASSETS, RIGHT-OF-USE ASSETS AND
TIDAK BERWUJUD - BERSIH INTANGIBLE ASSETS - NET
Aset tetap, aset hak guna dan aset tidak berwujud - Fixed assets, right-of-use assets and intangible
bersih terdiri dari: assets - net consist of:
2023 2022*)
Aset tetap - bersih 4,790,002 4,755,721 Fixed assets - net
Aset hak guna - bersih 562,841 640,289 Right-of-use assets - net
Aset tidak berwujud - bersih 1,128,334 258,688 Intangible assets - net
6,481,177 5,654,698
*) Direklasifikasi, lihat Catatan 54 *) Reclassified, see Note 54
Halaman - 78 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 621
Page 624
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. ASET TETAP, ASET HAK GUNA DAN ASET 14. FIXED ASSETS, RIGHT-OF-USE ASSETS AND
TIDAK BERWUJUD - BERSIH (lanjutan) INTANGIBLE ASSETS - NET (continued)
Aset tetap Fixed assets
31 Desember/December 2023
Saldo awal/ Penambahan/ Pengurangan/ Penilaian kembali/ Reklasifikasi/ Saldo akhir/
Beginning balance Addition Deduction Revaluation Reclassification Ending balance
Nilai revaluasi Revaluation amount
Tanah 2,416,605 909 - - 27,327 2,444,841 Land
Nilai perolehan Acquisition cost
Bangunan 857,407 4,096 (241,079 ) - 21,856 642,280 Buildings
Instalasi 291,951 22,110 (1,108 ) - 19,223 332,176 Installation
Kendaraan bermotor 74,015 501 (14,271 ) - - 60,245 Vehicles
Inventaris kantor 2,789,894 65,728 (55,275 ) - 79,813 2,880,160 Office equipment
Renovasi atas aset sewa 377,351 13,023 - - 109,752 500,126 Leasehold improvement
Aset dalam penyelesaian 535,011 550,999 - - (257,971 ) 828,039 Construction in progress
7,342,234 657,366 (311,733 ) - - 7,687,867
Akumulasi penyusutan Accumulated depreciation
Bangunan (144,289 ) (31,129) - - - (175,418) Buildings
Instalasi (220,315 ) (23,643) 1,108 - - (242,850) Installation
Kendaraan bermotor (64,494) (3,014) 14,268 - - (53,240) Vehicles
Inventaris kantor (2,051,487) (235,818 ) 55,253 - - (2,232,052) Office equipment
Renovasi atas aset sewa (59,949) (88,377) - - - (148,326) Leasehold improvement
(2,540,534) (381,981 ) 70,629 - - (2,851,886)
Akumulasi penurunan nilai Accumulated impairment
Tanah (45,979) - - - - (45,979) Land
Nilai buku 4,755,721 4,790,002 Book value
*)
31 Desember/December 2022
Saldo awal/ Penambahan/ Pengurangan/ Penilaian kembali/ Reklasifikasi/ Saldo akhir/
Beginning balance Addition Deduction Revaluation Reclassification Ending balance
Nilai revaluasi Revaluation amount
Tanah 1,691,932 724,673 - - - 2,416,605 Land
Nilai perolehan Acquisition cost
Bangunan 503,683 327,544 - - 26,180 857,407 Buildings
Instalasi 246,173 22,062 - - 23,716 291,951 Installation
Kendaraan bermotor 68,711 5,304 - - - 74,015 Vehicles
Inventaris kantor 2,395,172 115,772 - - 278,950 2,789,894 Office equipment
Renovasi atas aset sewa 106,628 27,861 - - 242,862 377,351 Leasehold improvement
Aset dalam penyelesaian 432,853 673,866 - - (571,708 ) 535,011 Construction in progress
5,445,152 1,897,082 - - - 7,342,234
Akumulasi penyusutan Accumulated depreciation
Bangunan (114,333 ) (29,956) - - - (144,289) Buildings
Instalasi (206,781 ) (13,534) - - - (220,315) Installation
Kendaraan bermotor (61,601) (2,893) - - - (64,494) Vehicles
Inventaris kantor (1,839,719) (211,768 ) - - - (2,051,487) Office equipment
Renovasi atas aset sewa (20,787) (39,162) - - - (59,949) Leasehold improvement
(2,243,221) (297,313 ) - - - (2,540,534)
Akumulasi penurunan nilai Accumulated impairment
Tanah (45,979) - - - - (45,979) Land
Nilai buku 3,155,952 4,755,721 Book value
Aset dalam penyelesaian pada tanggal Construction in progress as at 31 December 2023
31 Desember 2023 dan 2022 adalah sebagai and 2022 are as follows:
berikut:
2023 2022
Bangunan 564,067 384,335 Buildings
Inventaris kantor 726,391 150,676 Office equipment
1,290,458 535,011
*) Direklasifikasi, lihat Catatan 54 *) Reclassified, see Note 54
Halaman - 79 - Page
622 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 625
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. ASET TETAP, ASET HAK GUNA DAN ASET 14. FIXED ASSETS, RIGHT-OF-USE ASSETS AND
TIDAK BERWUJUD - BERSIH (lanjutan) INTANGIBLE ASSETS - NET (continued)
Aset tetap (lanjutan) Fixed assets (continued)
Estimasi persentase tingkat penyelesaian aset The estimated percentage of completion of
dalam penyelesaian pada tanggal 31 Desember construction in progress as at 31 December 2023
2023 adalah berkisar antara 5,00% - 95,00% dan is between 5.00% - 95.00% and
31 Desember 2022 adalah berkisar antara 31 December 2022 is between 10.00% - 95.00%.
10,00% - 95,00%. Aset dalam penyelesaian pada Those construction in progress as at
tanggal 31 Desember 2023 tersebut diperkirakan 31 December 2023 are estimated to be completed
akan selesai pada tahun 2024 sampai dengan in 2024 until 2025.
2025.
Jumlah beban penyusutan aset tetap dan aset hak Total depreciation expenses of fixed assets and
guna dan beban amortisasi aset tidak berwujud right-of-use assets and amortisation expenses of
yang dibebankan pada laporan laba rugi adalah intangible assets charged in the statement of profit
masing-masing sebesar Rp837.672 dan or loss is amounting to Rp837,672 and Rp701,792
Rp701.792 untuk tahun yang berakhir pada tanggal for the year ended 31 December 2023 and 2022,
31 Desember 2023 dan 2022 (Catatan 38). respectively (Note 38).
Bank telah mengasuransikan aset tetap (tidak The Bank has insured the fixed assets (except land
termasuk hak atas tanah) untuk menutup rights) to cover for losses against fire, theft and
kemungkinan kerugian terhadap risiko kebakaran, other risks to PT Asuransi Staco Mandiri Syariah
kecurian, dan risiko lainnya kepada PT Asuransi Unit, PT Asuransi Tripakarta Unit Syariah and PT
Staco Mandiri Unit Syariah, PT Asuransi Tripakarta Zurich General Takaful Indonesia, all of which are
Unit Syariah, dan PT Zurich General Takaful third parties, PT Asuransi Jasa Indonesia Syariah
Indonesia, keseluruhannya adalah pihak ketiga, and PT BRI Asuransi Indonesia, all of which are
PT Asuransi Jasa Indonesia Syariah dan PT BRI related parties, with total insurance coverage
Asuransi Indonesia, keseluruhannya adalah pihak amounting to Rp6,137,294 and Rp6,095,006 as at
berelasi, dengan nilai pertanggungan masing- 31 December 2023 and 2022, respectively.
masing sebesar Rp6.137.294 dan Rp6.095.006
pada tanggal 31 Desember 2023 dan 2022.
Manajemen Bank berpendapat bahwa nilai The Bank’s management believes the amount is
pertanggungan tersebut cukup untuk menutup adequate to cover losses which may arise from the
kerugian atas aset tetap yang diasuransikan. insured fixed assets.
Pada tanggal 31 Desember 2023 dan 2022, jumlah As at 31 December 2023 and 2022, the gross
tercatat bruto dari setiap aset tetap yang telah amount of fixed assets which have been fully
disusutkan penuh dan masih digunakan masing- depreciated and are still in use amounted to
masing sebesar Rp2.343.147 dan Rp2.203.639. Rp2,343,147 and Rp2,203,639 respectively.
Nilai Jual Objek Pajak (“NJOP”) tanah dan Taxable value (“NJOP”) of land rights and buildings
bangunan yang dimiliki Bank pada tanggal owned by the Bank as at 31 December 2023 and
31 Desember 2023 dan 2022, adalah sebagai 2022 are as follows:
berikut:
2023 2022
Tanah 1,441,663 985,156 Land rights
Bangunan 410,608 186,564 Buildings
1,852,271 1,171,720
Selain tanah dan bangunan tidak terdapat Other than land and building, there is no material
perbedaan material antara nilai wajar aset dan nilai difference between the fair value of the asset and
tercatatnya. its carrying value.
Nilai tanah Bank berdasarkan model biaya pada The Bank's land value based on the cost model as
tanggal 31 Desember 2023 dan 2022 adalah at 31 December 2023 and 2022 is Rp1,870,333
masing-masing sebesar Rp1.870.333 dan and Rp1,842,097.
Rp1.842.097.
Manajemen berpendapat bahwa tidak terdapat Management believes that there are no indicators
indikator penurunan nilai aset tetap pada tanggal of impairment of fixed assets as at 31 December
31 Desember 2023 dan 2022. 2023 and 2022.
Halaman - 80 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 623
Page 626
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. ASET TETAP, ASET HAK GUNA DAN ASET 14. FIXED ASSETS, RIGHT-OF-USE ASSETS AND
TIDAK BERWUJUD - BERSIH (lanjutan) INTANGIBLE ASSETS - NET (continued)
Bangun, Guna dan Serah Build, Operate and Transfer
Pada tanggal 28 April 2023, Bank dan PT PP On 28 April 2023, the Bank and PT PP (Persero)
(Persero) Tbk (“PT PP”) telah menandatangani Tbk (“PT PP”) entered into an agreement in
perjanjian sehubungan dengan Bangun, Guna dan connection with the Build, Operate and Transfer
Serah (“BOT”) atas tanah dan bangunan yang (“BOT”) of land and building located at Medan
berlokasi di Jalan Medan Merdeka Selatan No. 17 Merdeka Selatan Street No. 17 Jakarta. The Bank
Jakarta. Bank memberikan hak eksklusif kepada granted exclusive rights to PT PP to utilize the
PT PP untuk memanfaatkan lahan, melakukan land, to demolish the existing building and
pembongkaran gedung eksisting dan melakukan construct a new building. The Bank commits to rent
pembangunan gedung baru. Bank berkomitmen the building for 30 years and at the end of the lease
untuk menyewa gedung baru selama 30 tahun dan period, PT PP will hand over the ownership rights
pada akhir masa sewa, PT PP akan menyerahkan of the land and the building to the Bank.
penguasaan lahan dan hak pengelolaan gedung
kepada Bank.
Berdasarkan perjanjian BOT, Bank berhak In accordance with the BOT agreement, the Bank
menerima kompensasi atas penghancuran gedung is eligible to receive compensation for the
lama dari PT PP sebesar Rp241.080 yang akan demolition of the old building from PT PP
dibayarkan secara bertahap oleh PT PP selama 5 amounting to Rp241,080 which will be paid in
tahun. Kompensasi ini mengikat PT PP, tidak dapat stages by PT PP over 5 years. This compensation
dibatalkan dan tidak dapat dikembalikan dalam is binding to PT PP, non-cancellable and non-
keadaan apapun termasuk apabila Bank refundable under any circumstances including if the
mengakhiri kontrak secara sepihak. Berdasarkan Bank terminates the contract unilaterally.
syarat-syarat dalam perjanjian, manajemen Considering the terms in the agreement, the
membuat pertimbangan signifikan bahwa management makes significant judgment that the
kompensasi dianggap sebagai transaksi terpisah compensation is accounted for as a separate
dengan perjanjian sewa gedung baru meskipun transaction to the rental agreement of the new
kedua unsur tersebut berada dalam satu kontrak building even though the two elements are in the
yang sama, antara pihak yang sama dan dalam same contract, between the same parties and at
waktu yang bersamaan. Bank mengakui the same time. The Bank recognised the
kompensasi yang diterima sebagai pendapatan compensation received as other income
lain-lain bersamaan dengan pengakuan kerugian corresponding with the recognition of loss from
atas pembongkaran gedung lama sebesar demolition of old building amounting to Rp241,080.
Rp241.080.
Per 31 Desember 2023, Bank telah menerima As of 31 December 2023, the Bank had received
pembayaran sebesar Rp48.216 dan sisanya dicatat payment of Rp48,216 and recorded the remaining
sebagai piutang dari PT PP sebesar Rp192.864 as receivables from PT PP amounting to
(Catatan 15). Rp192,864 (Note 15).
Revaluasi aset tetap Revaluation of fixed assets
Penilaian kembali atas aset tetap dilakukan The revaluation of fixed assets are performed
berdasarkan Standar Penilaian Indonesia. Metode based on Indonesian Valuation Standards. The
penilaian yang dipakai adalah metode data pasar valuation methods used are market data approach
dan metode pendapatan. Elemen-elemen yang and income approach. Elements used in data
digunakan dalam perbandingan data untuk comparison to determine fair value of assets are
menentukan nilai wajar aset antara lain: among others are as follows:
a) Jenis dan hak yang melekat pada properti, a) Type and right on property,
b) Kondisi pasar, b) Market condition,
c) Lokasi, c) Location,
d) Karakteristik fisik, d) Physical characteristic,
e) Karakteristik tanah. e) Land characteristic.
Nilai wajar ditentukan dengan menggunakan Fair value was determined by hierarchy and input
hierarki dan input-input yang digunakan dalam used on technical valuation of non-financial assets:
teknis penilaian untuk aset nonkeuangan:
• Level 1: Input yang berasal dari harga • Level 1: Input quoted (unadjusted) prices in
kuotasian (tanpa penyesuaian) dalam pasar active market for identical assets;
aktif untuk aset yang identik;
• Level 2: Input selain harga kuotasian pasar • Level 2: Input other than quoted market price
dalam level 1 yang dapat diobservasi baik in level 1 that are observable either directly or
secara langsung maupun tidak langsung; dan indirectly; and
• Level 3: Input yang tidak dapat diobservasi. • Level 3: Input that are not observable.
Halaman - 81 - Page
624 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 627
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. ASET TETAP, ASET HAK GUNA DAN ASET 14. FIXED ASSETS, RIGHT-OF-USE ASSETS AND
TIDAK BERWUJUD - BERSIH (lanjutan) INTANGIBLE ASSETS - NET (continued)
Revaluasi aset tetap (lanjutan) Revaluation of fixed assets (continued)
Pengukuran nilai wajar tanah dikategorikan The fair value measurement for the land is
sebagai nilai wajar level 2 berdasarkan input dari categorised as level 2 fair value based on the inputs
teknik penilaian yang digunakan. of the valuation technique used.
Revaluasi aset tetap - ex-legacy PT Bank Fixed asset revaluation - ex-legacy PT Bank
Syariah Mandiri (”BSM”) Syariah Mandiri (“BSM”)
Berdasarkan surat PT Bank Mandiri (Persero) Tbk Based on the letter of PT Bank Mandiri (Persero)
No. CSC.CRE/508/2020 tertanggal Tbk No. CSC.CRE/508/2020 dated 26 August 2020
26 Agustus 2020 dan persetujuan OJK melalui and approval OJK by the letter No.
surat No. S-159/PB.31/2020 tertanggal S-159/PB.31/2020 dated 9 October 2020, PT Bank
9 Oktober 2020, PT Bank Mandiri (Persero) Tbk Mandiri (Persero) Tbk has obtain additional share
melakukan penambahan penyertaan modal by inbreng Non-movable Fixed Assets (“ATTB”) of
melalui inbreng Aset Tetap Tidak Bergerak PT Bank Mandiri (Persero) Tbk to PT Bank Syariah
(“ATTB”) milik PT Bank Mandiri (Persero) Tbk Mandiri amounting Rp152,997 which consists of
kepada PT Bank Syariah Mandiri sebesar land amounting Rp127,750 and buildings amounting
Rp152.997 yang terdiri dari tanah senilai Rp25,247 (exclude tax). Revaluation of ATTB with
Rp127.750 dan bangunan senilai Rp25.247 (tidak market value amounting Rp152,997 was performed
termasuk pajak). Revaluasi atas ATTB dengan by Public Appraisal Service Office (“KJPP”) Rizki
nilai pasar sebesar Rp152.997 dilakukan oleh Djunaedy & Partners, external independent
Kantor Jasa Penilai Publik (“KJPP”) Rizki appraisal registered in OJK, based on their report
Djunaedy & Rekan, penilai independen eksternal dated 2 March 2020. Addition of ATTB in 2020
yang telah teregistrasi pada OJK, berdasarkan amounting to Rp175,876 consists of land amounting
laporannya tertanggal 2 Maret 2020. Penambahan to Rp144,527 (include tax amounting Rp16,777)
ATTB selama tahun 2020 sejumlah Rp175.876 and building amounting to Rp31,349 (include tax
terdiri dari tanah senilai Rp144.527 (termasuk amounting to Rp6,102) from inbreng ATTB related
pajak sejumlah Rp16.777) dan bangunan senilai to additional capital from PT Bank Mandiri (Persero)
Rp31.349 (termasuk pajak senilai Rp6.102) yang Tbk.
berasal dari inbreng ATTB terkait penambahan
modal dari PT Bank Mandiri (Persero) Tbk.
Revaluasi aset tetap - ex-legacy PT Bank Fixed asset revaluation - ex-legacy PT Bank
BRIsyariah Tbk (”BRIS”) BRIsyariah Tbk (“BRIS”)
Pada tanggal 31 Januari 2021, ex-legacy BRIS On 31 January 2021, the ex-legacy BRIS made a
melakukan penyesuaian kebijakan revaluasi aset policy adjustment of asset revaluation to be in line
tetap sesuai ketentuan dengan BSI atas with BSI of land from cost model to revaluation
pencatatan tanah dari sebelumnya menggunakan model. In total in 2021, the increases in the carrying
model biaya menjadi menggunakan model amount of land revaluation are recorded as “Other
revaluasi. Secara total pada tahun 2021, kenaikan Comprehensive Income” amounting to Rp80,276
nilai tercatat yang timbul dari revaluasi tanah and the decrease of carrying amount from
dicatat sebagai “Pendapatan Komprehensif Lain” revaluation is recorded as expenses in 2021
adalah sebesar Rp80.276 dan penurunan nilai amounting to Rp12,892. The valuations of land was
tercatat yang timbul dari revaluasi dicatat sebagai performed by KJPP Nanang Rahayu, Sigit Paryanto
beban pada tahun 2021 adalah sebesar Rp12.892. dan Rekan, an external independent appraisal.
Penilaian atas tanah dilakukan oleh independen
eksternal yaitu KJPP Nanang Rahayu, Sigit
Paryanto dan Rekan.
Revaluasi aset tetap - ex-legacy PT Bank BNI Fixed asset revaluation - ex-legacy PT Bank BNI
Syariah (”BNIS”) Syariah (“BNIS”)
Pada tanggal 31 Januari 2021, ex-legacy BNIS On 31 January 2021, ex-legacy BNIS made a policy
melakukan penyesuaian kebijakan dengan BSI adjustment to be in line with BSI of building from
atas pencatatan bangunan dari sebelumnya revaluation model to cost model. In this regard, the
menggunakan model revaluasi menjadi Bank reversed the revaluation of the building which
menggunakan model biaya. Atas hal ini, Bank had previously been recorded in “Other
melakukan pembalikan atas penilaian kembali Comprehensive Income” amounting to Rp9,361.
bangunan yang sebelumnya sudah dicatat di
“Penghasilan Komprehensif Lain” sebesar
Rp9.361.
Halaman - 82 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 625
Page 628
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. ASET TETAP, ASET HAK GUNA DAN ASET 14. FIXED ASSETS, RIGHT-OF-USE ASSETS AND
TIDAK BERWUJUD - BERSIH (lanjutan) INTANGIBLE ASSETS - NET (continued)
Revaluasi atas tanah - PT Bank Syariah Revaluation on land - PT Bank Syariah
Indonesia Tbk Indonesia Tbk
Revaluasi atas tanah dengan nilai tercatat pada Revaluation on land with carrying amount on
saat revaluasi sebesar Rp67.617, dilakukan oleh revaluation amounting to Rp67,617, performed by
KJPP Abdullah Fitriantoro & Rekan, penilai KJPP Abdullah Fitriantoro & Rekan, an external
independen eksternal yang telah teregistrasi pada independent appraisal registered on OJK, on their
OJK, dalam laporannya tertanggal 25 November report dated 25 November 2021. Difference on
2021. Selisih lebih nilai revaluasi tanah tahun 2021 land revaluation in 2021 amounting to Rp113,596
sebesar Rp113.596 dicatat sebagai “Surplus was recorded as “Surplus on Revaluation of Fixed
Revaluasi Aset Tetap” dan disajikan pada Asset” and expressed on other comprehensive
pendapatan komprehensif lain. Penurunan nilai income. Impairment of carrying value amounting to
tercatat yang timbul dari revaluasi tanah sebesar Rp45,979 was recognised in the profit or loss of the
Rp45.979 diakui dalam laba rugi tahun 2021 year 2021 as other operating expense.
sebagai beban usaha lainnya.
Perubahan cadangan revaluasi aset bersih setelah The movements in the asset revaluation reserve
pajak adalah sebagai berikut: net of tax are as follows:
2023 2022
Saldo awal tahun 444,530 444,530 Beginning year balance
Kenaikan nilai tanah - - Gain on land value
Saldo akhir tahun 444,530 444,530 Ending year balance
Aset hak guna Right-of-use assets
31 Desember/December 2023
Saldo awal/ Saldo akhir/
Beginning Penambahan/ Pengurangan/ Ending
balance Additions Deductions balance
Nilai perolehan Acquisition cost
Bangunan kantor 1,140,654 256,257 (191,804) 1,205,107 Office buildings
Kendaraan bermotor Vehicles and
dan sistem teknologi 132,876 - - 132,876 technology system
1,273,530 256,257 (191,804) 1,337,983
Akumulasi penyusutan Accumulated depreciation
Bangunan kantor (564,957) (291,873) 191,804 (665,026) Office buildings
Kendaraan bermotor Vehicles and
dan sistem teknologi (68,284) (41,832) - (110,116) technology system
(633,241) (333,705) 191,804 (775,142)
Nilai buku 640,289 562,841 Book value
31 Desember/December 2022
Saldo awal/ Saldo akhir/
Beginning Penambahan/ Pengurangan/ Ending
balance Additions Deductions balance
Nilai perolehan Acquisition cost
Bangunan kantor 1,104,110 258,740 (222,196) 1,140,654 Office buildings
Kendaraan bermotor Vehicles and
dan sistem teknologi 188,061 - (55,185) 132,876 technology system
1,292,171 258,740 (277,381) 1,273,530
Akumulasi penyusutan Accumulated depreciation
Bangunan kantor (506,910) (280,243) 222,196 (564,957) Office buildings
Kendaraan bermotor Vehicles and
dan sistem teknologi (69,956) (53,513) 55,185 (68,284) technology system
(576,866) (333,756) 277,381 (633,241)
Nilai buku 715,305 640,289 Book value
Bank mengakui aset hak guna dan liabilitas sewa The Bank recognises the right-of-use assets and
untuk semua sewa dengan kontrak jangka waktu lease liabilities for all leases with time contracts,
tertentu, dibayar bulanan atau periodik. Terdapat payable monthly or periodically. There are
pengecualian untuk sewa dengan jangka waktu exceptions to the lease with a short term, which is
pendek, yaitu kurang dari atau sama dengan less or equal to 12 months and there is no call
12 bulan serta tidak ada opsi beli dan opsi option and extention option, and has a low value
perpanjangan, dan memiliki aset pendasar bernilai underlying asset, which is less than or equal to
rendah, yaitu lebih kecil atau sama dengan Rp70,000,000 (seventy million Rupiah) in full
Rp70.000.000 (tujuh puluh juta Rupiah) dalam nilai amount.
penuh.
Halaman - 83 - Page
626 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 629
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. ASET TETAP, ASET HAK GUNA DAN ASET 14. FIXED ASSETS, RIGHT-OF-USE ASSETS AND
TIDAK BERWUJUD - BERSIH (lanjutan) INTANGIBLE ASSETS - NET (continued)
Aset tidak berwujud Intangible assets
31 Desember/December 2023
Saldo awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/
Beginning balance Addition Deduction Reclassification Ending balance
Nilai perolehan Acquisition cost
Perangkat lunak 750,007 276,241 - 252,971 1,279,219 Software
Aset dalam penyelesaian - 715,391 - (252,971) 462,420 Construction in progress
750,007 991,632 - - 1,741,639
Akumulasi amortisasi Accumulated amortisation
Perangkat lunak (491,319) (121,986) - - (613,305) Software
Nilai buku 258,688 1,128,334 Book value
31 Desember/December 2022*)
Saldo awal/ Penambahan/ Pengurangan/ Saldo akhir/
Beginning balance Addition Deduction Ending balance
Nilai perolehan Acquisition cost
Perangkat lunak 605,292 144,715 - 750,007 Software
Akumulasi amortisasi Accumulated amorisation
Perangkat lunak (420,596) (70,723) - (491,319) Software
Nilai buku 184,696 258,688 Book value
Estimasi persentase tingkat penyelesaian aset The estimated percentage of completion of
dalam penyelesaian pada tanggal construction in progress as at 31 December 2023
31 Desember 2023 adalah berkisar antara is between 10.71% - 95.00%. Those assets in
10,71% - 95,00%. Aset dalam penyelesaian pada progress as at 31 December 2023 are estimated
tanggal 31 Desember 2023 tersebut diperkirakan to be completed in 2024 until 2025.
akan selesai pada tahun 2024 sampai dengan
2025.
15. ASET LAIN-LAIN - BERSIH 15. OTHER ASSETS - NET
Aset lain-lain terdiri dari: Other assets consist of:
2023 2022
Biaya dibayar dimuka 1,194,999 759,473 Prepaid expense
Piutang pendapatan surat berharga 889,375 900,484 Income receivables from securities
Agunan yang diambil alih 825,759 859,007 Foreclosed collaterals
Tagihan ATM 317,824 194,189 ATM receivables
Tagihan SKBDN kepada nasabah 272,925 134,423 SKBDN receivables to customers
Pendapatan pembiayaan yang akan
diterima 202,588 158,240 Income receivables from financing
Tagihan kepada pihak ketiga 192,864 - Receivables from third party
Persediaan alat tulis kantor dan materai 75,659 95,180 Office supplies and stamps
Setoran jaminan 46,959 54,226 Guarantee deposit
Lainnya 315,996 343,543 Others
4,334,948 3,498,765
Cadangan kerugian penurunan nilai (1,081,560) (1,131,300) Allowance for impairment losses
Bersih 3,253,388 2,367,465 Net
Manajemen berpendapat bahwa jumlah cadangan Management believes that allowance for
kerugian penurunan nilai aset lain-lain yang impairment losses on other assets is adequate.
dibentuk telah memadai.
*) Direklasifikasi, lihat Catatan 54 *) Reclassified, see Note 54
Halaman - 84 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 627
Page 630
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. ASET LAIN-LAIN – BERSIH (lanjutan) 15. OTHER ASSETS – NET (continued)
Mutasi agunan yang diambil alih pada tanggal Movement of the foreclosed collaterals as at
31 Desember 2023 dan 2022: of 31 December 2023 and 2022 are as follows:
2023 2022
Saldo awal 859,007 875,376 Beginning balance
Penjualan (33,248) (16,369) Sales
Saldo akhir 825,759 859,007 Ending balance
16. LIABILITAS SEGERA 16. OBLIGATIONS DUE IMMEDIATELY
2023 2022
Pihak ketiga Third parties
Liabilitas ATM Jalin 294,323 258,988 Liabilities to ATM Jalin
Zakat Bank 189,730 141,405 Zakat of the Bank
Liabilitas pihak ketiga 117,002 36,295 Liabilities to third parties
Liabilitas ATM Prima 82,680 60,539 Liabilities to ATM Prima
Titipan tagihan pembayaran 54,573 45,111 Remittance of bills payment
Titipan ATM 36,117 7,071 ATM remittance
Liabilitas ATM Bersama 34,535 30,185 Liabilities to ATM Bersama
Titipan dana nasabah 25,224 19,133 Deposit of customer funds
Zakat pegawai, nasabah dan Zakat of employees, customers
umum 7,044 3,748 and public
Titipan lainnya 303,619 282,700 Other remittances
1,144,847 885,175
Pihak berelasi (Catatan 44) Related parties (Note 44)
Titipan ATM 171,220 124,327 ATM remittance
1,316,067 1,009,502
Liabilitas BI Fast merupakan liabilitas yang timbul Liabilities to BI Fast represent liabilities arising from
karena penggunaan jaringan Bank Indonesia oleh the use of Bank Indonesia network by Bank
nasabah Bank untuk transfer dana ke bank lain. customers to transfer funds to other banks.
Liabilitas ATM Jalin, ATM Prima dan ATM Liabilities to ATM Jalin, ATM Prima and ATM
Bersama, merupakan liabilitas yang timbul karena Bersama represent liabilities arising from using the
penggunaan jaringan Automated Teller Machine Bank’s network of Automated Teller Machine
(“ATM”) Bank oleh nasabah bank lain yang menjadi (“ATM”) by customers of using ATM Jalin network,
anggota dari jaringan ATM Jalin, jaringan ATM ATM Prima and ATM Bersama.
Prima dan jaringan ATM Bersama.
Titipan lainnya merupakan titipan direct terhadap Other remittances are direct remittances to the
mitra Bank, titipan bagi hasil deposito jatuh tempo Bank’s partners, remittances of time deposits profit
dan lainnya. sharing and others.
Zakat pegawai, nasabah, dan umum merupakan Zakat of employees, customers and publics are
zakat yang dibayarkan secara individu melalui zakat paid individually through the Bank's
platform E-Channel Bank dan akan disalurkan ke E-Channel platform and will be distributed to zakat
lembaga pengelola zakat. management institutions.
17. BAGI HASIL YANG BELUM DIBAGIKAN 17. UNDISTRIBUTED REVENUE SHARING
Akun ini merupakan bagi hasil yang belum This account represents the undistributed share of
dibagikan oleh Bank kepada nasabah (shahibul the customers (shahibul maal) on income
maal) atas bagian keuntungan hasil usaha Bank generated by the Bank from managing
yang telah disisihkan dari pengelolaan dana mudharabah funds.
mudharabah.
Halaman - 85 - Page
628 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 631
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
17. BAGI HASIL YANG BELUM DIBAGIKAN 17. UNDISTRIBUTED REVENUE SHARING
(lanjutan) (continued)
Bagi hasil yang belum dibagikan Bank pada The Bank’s undistributed profit sharing as at
tanggal 31 Desember 2023 dan 2022 adalah 31 December 2023 and 2022, are as follows:
sebagai berikut:
2023 2022
Bukan Bank Non-Bank
Rupiah Rupiah
Deposito 191,504 128,247 Time deposits
Giro 43,929 36,280 Demand deposits
PaSBI 16,319 - PaSBI
Subnotes 658 14,820 Subnotes
Pembiayaan berjangka mudharabah 556 - Mudharabah term financing
252,966 179,347
Mata uang asing Foreign currencies
Deposito 2,820 484 Time deposits
Pembiayaan berjangka mudharabah - 12,655 Mudharabah term financing
255,786 192,486
Bank Bank
Rupiah Rupiah
Deposito 146 289 Time deposits
255,932 192,775
18. GIRO WADIAH 18. WADIAH DEMAND DEPOSITS
Giro wadiah terdiri dari: Wadiah demand deposits consist of:
2023 2022
Pihak ketiga Third parties
Rupiah 16,475,273 18,439,514 Rupiah
Dolar Amerika Serikat 1,261,650 911,262 United States Dollar
Riyal Arab Saudi 257,413 13,984 Saudi Arabian Riyal
Euro Eropa 15,081 12,432 European Euro
Dolar Singapura 14,248 10,504 Singapore Dollar
18,023,665 19,387,696
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 2,818,082 2,404,787 Rupiah
Dolar Amerika Serikat 5,777 5,369 United States Dollar
2,823,859 2,410,156
20,847,524 21,797,852
Giro wadiah merupakan giro wadiah Wadiah demand deposits represent wadiah
yad-dhamanah yaitu titipan dana pihak ketiga yang yad-dhamanah in which the third party funds are
dapat diberikan bonus berdasarkan kebijakan entitled to receive bonuses in accordance with the
Bank. Bank’s policy.
Kisaran bonus giro wadiah yang diberikan nasabah The range rate from wadiah demand deposits
adalah sebagai berikut: given by customers are as follows:
2023 2022
Rupiah 0.02% - 0.03% 0.01% - 0.03% Rupiah
Mata uang asing 0.00% 0.00% Foreign currencies
Halaman - 86 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 629
Page 632
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
19. TABUNGAN WADIAH 19. WADIAH SAVINGS DEPOSITS
Tabungan wadiah terdiri dari: Wadiah savings deposits consist of:
2023 2022
Pihak ketiga Third parties
Rupiah 45,708,696 42,804,765 Rupiah
Dolar Amerika Serikat 1,307,515 1,396,893 United States Dollar
47,016,211 44,201,658
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 9,350 11,970 Rupiah
Dolar Amerika Serikat 813 777 United States Dollar
10,163 12,747
47,026,374 44,214,405
Kisaran bonus tabungan wadiah yang diberikan The range rate of bonus from wadiah savings
nasabah adalah sebagai berikut: deposits given by customers are as follows:
2023 2022
Rupiah 0.00% 0.00% Rupiah
Mata uang asing 0.00% 0.00% Foreign currencies
20. SIMPANAN DARI BANK LAIN 20. DEPOSITS FROM OTHER BANKS
a. Berdasarkan jenis dan mata uang a. By type and currency
2023 2022
Rupiah Rupiah
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) 1,505,000 2,075,000 Investment Certificate (“SIMA”)
Giro wadiah 125,292 142,352 Wadiah demand deposits
Tabungan wadiah 7,788 1,309 Wadiah savings deposits
1,638,080 2,218,661
Mata uang asing Foreign currencies
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) 123,176 - Investment Certificate (“SIMA”)
Giro wadiah 45 36 Wadiah demand deposits
123,221 36
1,761,301 2,218,697
b. Berdasarkan hubungan b. By relationship
2023 2022
Pihak ketiga Third parties
Rupiah Rupiah
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) 1,355,000 1,475,000 Investment Certificate (“SIMA”)
Giro wadiah 123,939 140,053 Wadiah demand deposits
Tabungan wadiah 7,788 1,309 Wadiah savings deposits
1,486,727 1,616,362
Mata uang asing Foreign currency
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) 46,191 - Investment Certificate (“SIMA”)
Giro wadiah 45 36 Wadiah demand deposits
46,236 36
1,532,963 1,616,398
Pihak berelasi Related parties
Rupiah Rupiah
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) 150,000 600,000 Investment Certificate (“SIMA”)
Giro wadiah 1,353 2,299 Wadiah demand deposits
151,353 602,299
Mata uang asing Foreign currency
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) 76,985 - Investment Certificate (“SIMA”)
1,761,301 2,218,697
Kisaran bonus giro wadiah yang diberikan The range rate from wadiah demand deposits
nasabah adalah sebagai berikut: given by customers are as follows:
2023 2022
Rupiah 0.72% - 0.73% 0.72% - 0.75% Rupiah
Mata uang asing 0.00% 0.00% Foreign currencies
Halaman - 87 - Page
630 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 633
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
21. LIABILITAS KEPADA BANK INDONESIA 21. LIABILITIES TO BANK INDONESIA
2023 2022
Pihak ketiga Third parties
Rupiah 11,900,055 - Rupiah
Liabilitas kepada Bank Indonesia pada tanggal Liabilities to Bank Indonesia as at 31 December
31 Desember 2023 berisi instrumen Pengelolaan 2023 containing Liquidity Management based on
Likuiditas berdasarkan Prinsip Syariah Bank Bank Indonesia Sharia Principles (“PaSBI”)
Indonesia (“PaSBI”) yang merupakan fasilitas instrument, which is a funding facility from Bank
penyediaan dana dari Bank Indonesia untuk Indonesia for managing the Bank’s liquidity with
pengelolaan likuiditas Bank dengan agunan berupa collateral in the form of securities that comply with
surat berharga yang memenuhi prinsip syariah sharia principles with nominal value amounting to
dengan nilai nominal sebesar Rp12.500.000. Rp12,500,000.
Pada akhir bulan Desember 2023, Bank At the end of December 2023, the Bank obtained
mendapatkan fasilitas PaSBI sebesar PaSBI facilites amounting to Rp11,900,055 with a
Rp11.900.055 dengan persentase bagi hasil yang percentage profit sharing paid by the Bank of
dibayar oleh Bank sebesar 6,25% dan 6,85% per 6.25% and 6.85% per annum, and mature on 4 and
tahun, serta jatuh tempo pada tanggal 4 dan 5 5 January 2024.
Januari 2024.
22. PERPAJAKAN 22. TAXATION
a. Utang pajak a. Taxes payable
Rincian utang pajak adalah sebagai berikut: The details of taxes payable are as follows:
2023 2022
Utang pajak penghasilan Income tax payables
Pasal 29 224,467 401,083 Article 29
Utang pajak lainnya Other tax payables
Pasal 4 (2) 83,157 59,775 Article 4 (2)
Pasal 21 173,449 160,807 Article 21
Pasal 22 1,466 293 Article 22
Pasal 23 7,141 6,256 Article 23
Pasal 26 683 709 Article 26
PPN dan PPh lainnya 48,679 38,562 VAT and other income taxes
314,575 266,402
539,042 667,485
b. Beban pajak b. Tax expense
2023 2022
Beban pajak kini 1,678,581 1,520,681 Current tax expense
Beban/(manfaat) pajak tangguhan 17,148 (266,060) Deferred tax expense/(benefit)
1,695,729 1,254,621
Halaman - 88 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 631
Page 634
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
b. Beban pajak (lanjutan) b. Tax expense (continued)
Rekonsiliasi antara laba sebelum pajak Reconciliation between income before income
penghasilan seperti yang tercantum dalam tax as stated in the statement of profit or loss
laporan laba rugi dan penghasilan and other comprehensive income with taxable
komprehensif lain dan penghasilan kena pajak income are as follows:
adalah sebagai berikut:
2023 2022
Laba sebelum pajak penghasilan 7,399,472 5,514,803 Income before tax
Beda temporer Temporary differences
Cadangan kerugian penurunan nilai Allowance for impairment losses
atas aset keuangan on financial assets and
dan aset produktif 223,334 1,136,606 earning assets
Penyisihan kerugian atas aset Provision for impairment losses
nonproduktif (15,450) (63,883) on non-earning assets
Estimasi kerugian atas Estimated losses on commitments
komitmen dan kontinjensi 3,144 11,679 and contingencies
Cadangan kerugian Provision for impairment
risiko operasional (31,597) (23,450) losses on operational risk
Penyisihan liabilitas imbalan kerja (56,935) 17,441 Provision for employee benefit liabilities
Cadangan bonus (40,502) 79,458 Provision for bonus
Cadangan tantiem dan Provision for tantiem and
beban tenaga kerja 8,988 89,105 personnel expenses
Depresiasi aset tetap dan Depreciation of fixed assets
aset hak guna (139,671) (37,593) and right-of-use assets
Liabilitas sewa 42,809 - Lease liabilities
Jumlah beda temporer (5,880) 1,209,363 Total temporary differences
Beda tetap Permanent differences
Natura karyawan - 74,615 Benefit-in-kind
Representasi dan sumbangan 60,517 9,555 Representation and donation
Keanggotaan nonasosiasi 934 880 Non-association membership
Biaya lainnya 174,871 102,970 Others
Total beda tetap 236,322 188,020 Total permanent differences
Total koreksi fiskal 230,442 1,397,383 Total fiscal corrections
Penghasilan kena pajak 7,629,914 6,912,186 Taxable income
Beban pajak penghasilan badan 1,678,581 1,520,681 Corporate income tax expense
Pajak dibayar dimuka - pasal 25 (1,453,654) (1,119,055) Prepaid tax - article 25
Pajak yang dipotong Tax withheld by
pihak lain - pasal 22 (460) (543) other party - article 22
Utang pajak penghasilan Income tax payable
- pasal 29 224,467 401,083 - article 29
Halaman - 89 - Page
632 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 635
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
b. Beban pajak (lanjutan) b. Tax expense (continued)
Rekonsiliasi atas beban pajak penghasilan The reconciliation of income tax expense by
dengan perkalian laba sebelum pajak multiplying income before income tax to the
penghasilan dan tarif pajak yang berlaku applicable tax rate are as follows:
adalah sebagai berikut:
2023 2022
Laba sebelum pajak penghasilan 7,399,472 5,514,803 Income before tax
Beban pajak penghasilan yang
dihitung dari laba sebelum Income tax expense
pajak penghasilan 1,627,884 1,213,257 calculated from income before tax
Pengaruh pajak atas beda permanen 67,845 41,364 Tax impact of permanent differences
Beban pajak 1,695,729 1,254,621 Tax expense
c. Aset pajak tangguhan c. Deferred tax assets
31 Desember/December 2023
(Dibebankan)/ Dikreditkan/
dikreditkan (dibebankan) ke
ke laba rugi/ penghasilan
(Charged)/ komprehensif
Saldo awal/ credited to lain/Credited/ Saldo akhir/
Beginning statement of (charged) to Ending
balance profit or loss OCI balance
Cadangan kerugian penurunan
nilai atas aset keuangan dan Allowance for impairment losses on
aset produktif 1,006,700 49,133 - 1,055,833 financial assets and earning assets
Penyisihan kerugian atas aset Provision for impairment losses on
nonproduktif 216,654 (3,399) - 213,255 non-earning assets
Estimasi kerugian atas Estimated losses on commitments
komitmen dan kontinjensi 6,352 692 - 7,044 and contingencies
Cadangan kerugian Provision for impairment losses on
risiko operasional 20,500 (6,951) - 13,549 operational risks
Penyisihan liabilitas imbalan kerja 151,584 (12,526) 7,739 146,797 Provision employee benefit liabilities
Cadangan bonus 193,499 (8,910) - 184,589 Provision for bonus
Cadangan tantiem dan Provision for tantiem and personnel
beban tenaga kerja 65,173 1,977 - 67,150 expenses
Depresiasi aset tetap dan Depreciation of fixed assets and
aset hak guna 15,387 (10,062) - 5,325 right-of-use assets
Liabilitas sewa - (27,102) - (27,102) Lease liabilities
Lainnya (746) - - (746) Others
1,675,103 (17,148) 7,739 1,665,694
31 Desember/December 2022
(Dibebankan)/ Dikreditkan/
dikreditkan (dibebankan) ke
ke laba rugi/ penghasilan
(Charged)/ komprehensif
Saldo awal/ credited to lain/Credited/ Saldo akhir/
Beginning statement of (charged) to Ending
balance profit or loss OCI balance
Cadangan kerugian penurunan
nilai atas aset keuangan dan Allowance for impairment losses on
aset produktif 756,647 250,053 - 1,006,700 financial assets and earning assets
Penyisihan kerugian atas aset Provision for impairment losses on
nonproduktif 230,708 (14,054) - 216,654 non-earning assets
Estimasi kerugian atas Estimated losses on commitments
komitmen dan kontinjensi 3,783 2,569 - 6,352 and contingencies
Cadangan kerugian Provision for impairment losses on
risiko operasional 25,659 (5,159) - 20,500 operational risks
Penyisihan liabilitas imbalan kerja 184,028 3,837 (36,281) 151,584 Provision employee benefit liabilities
Cadangan bonus 176,018 17,481 - 193,499 Provision for bonus
Cadangan tantiem dan Provision for tantiem and personnel
beban tenaga kerja 45,570 19,603 - 65,173 expenses
Depresiasi aset tetap dan Depreciation of fixed assets
aset hak guna 23,657 (8,270) - 15,387 and right-of-use assets
Lainnya (746) - - (746) Others
1,445,324 266,060 (36,281) 1,675,103
Halaman - 90 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 633
Page 636
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. PERPAJAKAN (lanjutan) 22. TAXATION (continued)
c. Aset pajak tangguhan (lanjutan) c. Deferred tax assets (continued)
Manajemen berpendapat bahwa kemungkinan Management believes that it is most likely that
besar jumlah laba fiskal pada masa future taxable income will be available against
mendatang memadai untuk mengkompensasi the temporary differences which create
perbedaan temporer yang menimbulkan aset deferred tax assets.
pajak tangguhan tersebut.
d. Surat ketetapan pajak d. Tax assessment letters
Penutupan NPWP - ex-legacy BSM dan Revocation of the tax ID - ex-legacy BSM
BNIS and BNIS
Sehubungan dengan penggabungan BSM, In connection with the merger of BSM, BNIS
BNIS, dan BRIS pada tanggal 1 Februari 2021 and BRIS on 1 February 2021 into BSI, the
menjadi BSI, Bank telah mengajukan Bank has submitted the request for revocation
permohonan penutupan NPWP ex-legacy BSM of the tax ID ex-legacy BSM and BNIS. Until
dan BNIS. Sampai tanggal laporan keuangan the date of this financial statements, the tax ID
ini, proses penutupan NPWP ex-legacy BSM revocation process of ex-legacy BSM is
telah selesai sedangkan proses penutupan completed while the tax ID revocation process
NPWP ex-legacy BNIS masih berlanjut. of ex-legacy BNIS is still in progress.
Pemeriksaan tahun pajak 2021 - BSI Assessment for fiscal year 2021 - BSI
Pada bulan Juli 2022, Bank menerima Surat In July 2022, the Bank received an Inspection
Perintah Pemeriksaan atas Masa Pajak Order for the Tax Period 31 January 2021 and
31 Januari 2021 dan Tahun Pajak 2021 untuk Fiscal Year 2021 addressed to PT Bank
PT Bank Syariah Indonesia Tbk. Sampai Syariah Indonesia Tbk. Until the date of this
tanggal laporan keuangan ini, proses financial statements, the tax audit is still in
pemeriksaan pajak masih berlanjut. progress.
e. Informasi lain e. Other information
Sehubungan dengan penggabungan BSM, In connection with the merger of BSM, BNIS
BNIS dan BRIS pada tanggal 1 Februari 2021 and BRIS on 1 February 2021 into BSI, based
menjadi BSI, berdasarkan peraturan on the prevailing laws and regulations in
perundang-undangan yang berlaku di Indonesia, the merging Banks may use the
Indonesia, Bank yang menggabungkan diri book value of the transfer of assets in the
dapat menggunakan nilai buku atas context of a business merger after obtaining
pengalihan harta dalam rangka penggabungan approval from the Directorate General of
usaha setelah mendapatkan persetujuan Taxes.
Direktorat Jenderal Pajak.
Pada bulan Agustus 2021, Bank menerima In August 2021, the Bank received the Decree
Keputusan Direktur Jenderal Pajak nomor of the Director General of Taxes number Kep-
Kep-145/WPJ.10/2021 tentang persetujuan 145/WPJ.10/2021 concerning the approval of
penggunaan nilai buku atas pengalihan harta the use of book value for the transfer of assets
dalam rangka penggabungan usaha. Atas hal in the context of merger. For this matter, the
tersebut, Bank mengajukan permohonan Surat Bank has submitted the request for Exemption
Keterangan Bebas (“SKB”) PPh Final atas Certificate (“SKB”) PPh Final for the transfer of
pengalihan aset BSM dan BNIS ke BSI. BSM and BNIS assets to BSI. As at the date of
Sampai tanggal laporan keuangan ini, proses these financial statements, the process of
pengajuan permohonan SKB ex-legacy BNIS submitting the SKB application for ex-legacy
telah selesai, sedangkan proses pengajuan BNIS has been completed, while the process
permohonan SKB ex-legacy BSM masih of submitting the SKB application for ex-legacy
berjalan. BSM is still ongoing.
Halaman - 91 - Page
634 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 637
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
23. LIABILITAS LAIN-LAIN 23. OTHER LIABILITIES
2023 2022
Cadangan bonus dan tantiem 970,236 1,037,406 Provision of bonus and tantiem
Biaya yang masih harus dibayar 288,492 261,630 Accrued expenses
Biaya notaris 284,286 279,939 Notary fees
Pendapatan diterima dimuka 204,383 20,336 Deferred income
Cadangan THR dan Provision of THR and other
kepegawaian lainnya 174,053 138,401 employee expenses
Liabilitas sewa 123,193 166,002 Lease liabilities
Setoran jaminan 19,818 20,755 Guarantee deposits
Pendapatan administrasi pembiayaan Deferred financing
ditangguhkan 12,757 13,122 administration income
Dana kebajikan 9,907 7,048 Qardhul hasan funds
Lainnya 358,982 411,142 Others
2,446,107 2,355,781
Biaya yang masih harus dibayar terdiri dari Accrued expenses consist of reserves on network,
cadangan yang dibentuk untuk jaringan, ATM maintenance fees and Financial Services
pemeliharaan ATM dan iuran OJK. Authority’s contribution.
Pendapatan diterima dimuka terdiri dari ujrah Deferred income consists of deferred ujrah income
diterima dimuka atas supply chain financing, buyer of supply chain financing, buyer chain financing,
chain financing, ijarah atas aset, dan ijarah ijarah of assets and multi-services ijarah.
multijasa.
Dana kebajikan terdiri dari dana sosial yang Qardhul hasan funds consists of social funds
berasal dari denda/penalti, transaksi yang tidak originating from fines/penalties, transactions that
sesuai dengan prinsip syariah serta infaq dan are not in accordance with sharia principles and
shadaqah yang berasal dari E-Channel. Infaq dan infaq and shadaqah originating from E-Channel.
shadaqah adalah harta yang diberikan secara Infaq and shadaqah are assets that are given
sukarela oleh pemiliknya, baik yang peruntukannya voluntarily by the owners, whether the use is
dibatasi (ditentukan) maupun tidak dibatasi. limited (determined) or not.
Lainnya terdiri dari rekening penampungan Others consist of escrow account for financing
angsuran pembiayaan, kewajiban kepada pihak installment, liability to third parties, administrative
ketiga, rekening administrasi, perantara hasil kliring accounts, clearance intermediaries and others.
dan lainnya.
24. GIRO MUDHARABAH 24. MUDHARABAH DEMAND DEPOSITS
2023 2022
Pihak ketiga - Bukan Bank Third parties - Non-Bank
Rupiah 11,204,495 8,078,552 Rupiah
Dolar Amerika Serikat 3,412,905 902,267 United States Dollar
Riyal Arab Saudi 154,655 - Saudi Arabian Riyal
14,772,055 8,980,819
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 8,336,606 12,496,418 Rupiah
Dolar Amerika Serikat 9,245,205 1,245,851 United States Dollar
17,581,811 13,742,269
Pihak ketiga - Bank Third parties - Bank
Rupiah 63,394 31,880 Rupiah
32,417,260 22,754,968
Giro mudharabah merupakan investasi dana Mudharabah demand deposits is a current
nasabah yang penarikannya dapat dilakukan accounts product in which investor’s fund can be
sesuai kesepakatan dengan menggunakan cek, withdrawn by check, bank guarantee and other
bank garansi, dan sarana perintah pembayaran payment instruction method.
lainnya.
Halaman - 92 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 635
Page 638
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
24. GIRO MUDHARABAH (lanjutan) 24. MUDHARABAH DEMAND DEPOSITS (continued)
Kisaran tingkat bagi hasil untuk giro mudharabah The range rate of profit sharing for mudharabah
per tahun adalah sebagai berikut: demand deposits are as follows:
2023 2022
Rupiah 3.15% - 3.97% 1.95% - 3.40% Rupiah
Dolar Amerika Serikat 0.13% - 5.64% 0.05% - 0.19% United States Dollar
25. TABUNGAN MUDHARABAH 25. MUDHARABAH SAVINGS DEPOSITS
2023 2022
Pihak ketiga - Bukan Bank Third parties - Non-Bank
Rupiah 76,907,691 71,634,077 Rupiah
Dolar Amerika Serikat 600,712 549,555 United States Dollar
77,508,403 72,183,632
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 191,590 86,008 Rupiah
Dolar Amerika Serikat 77 66 United States Dollar
191,667 86,074
Pihak ketiga - Bank Third parties - Bank
Rupiah 580,115 627,646 Rupiah
78,280,185 72,897,352
Tabungan mudharabah merupakan simpanan dana Mudharabah savings deposits represent deposits
pihak ketiga yang mendapatkan imbalan bagi hasil from third parties who are entitled to receive a
dari pendapatan Bank atas penggunaan dana share in the revenue derived by the Bank from the
tersebut dengan nisbah yang ditetapkan dan use of such funds based on a predetermined
disetujui sebelumnya. nisbah.
Kisaran tingkat bagi hasil untuk tabungan The range rate of profit sharing for mudharabah
mudharabah per tahun adalah sebagai berikut: savings deposits are as follows:
2023 2022
Rupiah 0.66% - 0.69% 0.68% - 0.91% Rupiah
Dolar Amerika Serikat 0.23% 0.23% - 0.24% United States Dollar
26. DEPOSITO MUDHARABAH 26. MUDHARABAH TIME DEPOSITS
a. Berdasarkan mata uang a. By currency
2023 2022
Bukan Bank Non-Bank
Pihak ketiga Third parties
Rupiah 85,358,012 80,018,589 Rupiah
Dolar Amerika Serikat 2,134,032 2,324,983 United States Dollar
Riyal Arab Saudi - 5,848 Saudi Arabian Riyal
87,492,044 82,349,420
Pihak berelasi (Catatan 44) Related parties (Note 44)
Rupiah 27,472,220 18,014,180 Rupiah
Dolar Amerika Serikat 883,832 122,330 United States Dollar
28,356,052 18,136,510
Bank Bank
Pihak ketiga Third parties
Rupiah 136,693 274,412 Rupiah
115,984,789 100,760,342
Halaman - 93 - Page
636 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 639
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
26. DEPOSITO MUDHARABAH (lanjutan) 26. MUDHARABAH TIME DEPOSITS (continued)
b. Berdasarkan jangka waktu b. By period
2023 2022
Rupiah Rupiah
1 bulan 62,075,237 64,552,121 1 month
3 bulan 29,391,659 19,821,582 3 months
6 bulan 10,338,216 4,250,650 6 months
12 bulan 11,161,813 9,682,828 12 months
112,966,925 98,307,181
Dolar Amerika Serikat United States Dollar
1 bulan 1,736,093 1,898,216 1 month
3 bulan 647,482 256,852 3 months
6 bulan 102,252 97,899 6 months
12 bulan 532,037 194,346 12 months
3,017,864 2,447,313
Riyal Arab Saudi Saudi Arabian Riyal
1 bulan - 5,848 1 month
115,984,789 100,760,342
c. Berdasarkan sisa umur jatuh tempo c. By remaining period to maturity
2023 2022
Rupiah Rupiah
≤ 1 bulan 70,387,004 72,621,978 ≤ 1 month
> 1 - ≤ 3 bulan 25,851,195 15,301,697 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 16,728,726 10,383,506 > 3 - ≤ 12 months
112,966,925 98,307,181
Dolar Amerika Serikat United States Dollar
≤ 1 bulan 2,254,257 1,954,750 ≤ 1 month
> 1 - ≤ 3 bulan 265,355 300,290 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 498,252 192,273 > 3 - ≤ 12 months
3,017,864 2,447,313
Riyal Arab Saudi Saudi Arabian Riyal
≤ 1 bulan - 5,848 ≤ 1 month
115,984,789 100,760,342
d. Deposito mudharabah yang dijadikan jaminan d. Mudharabah time deposits that are used as
atas piutang dan pembiayaan yang diberikan collateral for the Bank’s receivables and
oleh Bank berjumlah Rp1.369.418 dan financing amounted to Rp1,369,418 and
Rp944.097, masing-masing pada tanggal Rp944,097, as at 31 December 2023 and 2022,
31 Desember 2023 dan 2022 (Catatan 9, 10, respectively (Note 9, 10, 11, and 12).
11, dan 12).
e. Deposito mudharabah merupakan investasi b. e. Mudharabah time deposits represent third
pihak lain yang mendapatkan imbalan bagi parties’ investments which are entitled to
hasil dari pendapatan Bank atas penggunaan receive a share in the income derived by the
dana tersebut dengan nisbah yang ditetapkan Bank from the use of such funds based on a
dan disetujui sebelumnya. predetermined and previously approved nisbah.
f. Kisaran tingkat bagi hasil untuk deposito f. The range rate of profit sharing for mudharabah
mudharabah per tahun adalah sebagai berikut: time deposits are as follows:
2023 2022
Rupiah 2.48% - 2.55% 2.51% - 3.23% Rupiah
Valuta asing 0.23% - 0.30% 0.22% - 0.27% Foreign currencies
Halaman - 94 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 637
Page 640
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. SUKUK MUDHARABAH SUBORDINASI 27. SUBORDINATED SUKUK MUDHARABAH
2023 2022
Rupiah Rupiah
Pihak ketiga 175,000 775,000 Third parties
Pihak berelasi (Catatan 44) 25,000 600,000 Related parties (Note 44)
200,000 1,375,000
Sukuk Mudharabah Subordinasi - PT Bank Subordinated Sukuk Mudharabah - PT Bank
BRIsyariah Tbk BRIsyariah Tbk
Pada tanggal 17 November 2016, PT Bank On 17 November 2016, PT Bank BRIsyariah Tbk
BRIsyariah Tbk menerbitkan Sukuk Mudharabah issued Rp1,000,000 Subordinated Sukuk
Subordinasi I Tahun 2016 sebesar Rp1.000.000 Mudharabah I Year 2016 which is issued at
dan diterbitkan senilai 100,00% dari nilai 100.00% of its nominal value using profit sharing
nominalnya dengan metode pendapatan bagi hasil method in Indonesia Stock Exchange. The amount
pada Bursa Efek Indonesia. Besarnya nisbah of Sukuk holder’s nisbah is 80.20% which was
pemegang sukuk adalah sebesar 80,20% yang calculated from liquid gross revenue, which was
dihitung dari pendapatan kotor tunai, yang indicated at 11.85%. Profit sharing will be paid
diindikasikan sebesar 11,85%. Bagi hasil quarterly and due on 16 November 2023.
dibayarkan tiap 3 (tiga) bulan dan jatuh tempo pada
tanggal 16 November 2023.
Sukuk Mudharabah Subordinasi I ini tidak dijamin The Subordinated Sukuk Mudharabah I is not
dengan agunan khusus, termasuk tidak dijamin guaranteed by special collateral nor guaranteed by
oleh Negara Republik Indonesia atau pihak ketiga the Republic of Indonesia or other third parties and
lainnya dan tidak dimasukkan dalam program is not included in the bank guarantee program
penjaminan bank yang dilaksanakan oleh Lembaga implemented by the Deposit Insurance Agency
Penjamin Simpanan (“LPS”) atau lembaga (”LPS”) or the other insurance corporation.
penjaminan lainnya.
Pada tanggal 31 Desember 2022, Sukuk As at 31 December 2022, the Bank’s Subordinated
Mudharabah Subordinasi I memperoleh peringkat Sukuk Mudharabah I obtained a rating of A+(idn)
A+(idn) dari Fitch. from Fitch.
Bertindak sebagai wali amanat untuk Sukuk The trustee of this Subordinated Sukuk
Mudharabah Subordinasi I tersebut adalah Mudharabah I is PT Bank Negara Indonesia
PT Bank Negara Indonesia (Persero) Tbk. (Persero) Tbk.
Perjanjian perwaliamanatan memuat beberapa The trustee agreement covers several covenants
pembatasan terhadap Bank dan memerlukan affecting the Bank and requires a written approval
persetujuan tertulis dari wali amanat sebelum from the trustee before conducting the following:
melakukan hal-hal berikut:
• Pengeluaran sukuk atau MTN yang mempunyai • Issuing another sukuk or MTN which has
kedudukan lebih tinggi dan pembayarannya higher position and priority payment over
didahulukan dari Sukuk Mudharabah Subordinated Sukuk Mudharabah.
Subordinasi.
• Perubahan bidang usaha utama. • Changing the main business.
• Mengurangi modal dasar, modal ditempatkan, • Reducing authorised, issued and paid-in capital
dan modal disetor. stock.
• Mengadakan penggabungan, konsolidasi, • Conducting merger, consolidation, acquisition
akuisisi dengan perusahaan lain yang with other parties which causes dissolution of
menyebabkan bubarnya Bank, atau yang akan the Bank, or would have negative impact on
mempunyai akibat negatif terhadap business continuity.
kelangsungan usaha.
Perjanjian perwaliamanatan memuat beberapa The trustee agreement covers several covenants
pembatasan terhadap Bank dan tanpa memerlukan affecting the Bank and without requires a written
persetujuan tertulis dari wali amanat tidak akan approval from the trustee will not conducting the
melakukan hal-hal berikut: following:
• Melakukan penjualan atau pengalihan aset tetap • Selling or transferring fixed assets of the Bank
milik Bank kepada pihak manapun, baik to other parties, either all or most of fixed
seluruhnya atau sebagian besar (melebihi 50%) assets (over 50%) based on the latest audited
dari seluruh aset tetap milik Bank berdasarkan financial statements.
laporan keuangan terakhir yang telah diaudit.
Halaman - 95 - Page
638 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 641
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. SUKUK MUDHARABAH SUBORDINASI (lanjutan) 27. SUBORDINATED SUKUK MUDHARABAH
(continued)
Sukuk Mudharabah Subordinasi - PT Bank Subordinated Sukuk Mudharabah - PT Bank
BRIsyariah Tbk (lanjutan) BRIsyariah Tbk (continued)
Perjanjian perwaliamanatan memuat beberapa The trustee agreement covers several covenants
pembatasan terhadap Bank dan tanpa memerlukan affecting the Bank and without requires a written
persetujuan tertulis dari wali amanat tidak akan approval from the trustee will not conducting the
melakukan hal-hal berikut: (lanjutan) following: (continued)
• Melakukan transaksi dengan pihak terafiliasi, • Conducting transactions with affiliated parties,
kecuali bila transaksi tersebut dilakukan dengan unless either the transaction is performed
persyaratan yang menguntungkan Bank atau under favourable terms or at least equal to the
setidak-tidaknya sama dengan persyaratan yang requirements obtained by the Bank from
diperoleh Bank dari pihak ketiga yang bukan independent third parties in ordinary
terafiliasi dalam transaksi yang lazim. transactions.
• Memberikan pinjaman kepada atau melakukan • Providing financing or investment in stock
investasi dalam bentuk penyertaan saham pada shares to other parties.
pihak lain.
Atas penggabungan usaha merger bank syariah Regarding the merger of sharia bank where BRIS
dimana BRIS menjadi Bank yang menerima will become the surviving entity, the trustee has
penggabungan, telah diinformasikan kepada wali been informed by letter No. S.B.06-MDB/01-2021
amanat dengan surat No. S.B.06-MDB/01-2021 dated 6 January 2021 about “Information
tanggal 6 Januari 2021, perihal “Informasi Regarding the Planned Merger of
Mengenai Rencana Penggabungan Usaha PT Bank BRIsyariah Tbk, PT Bank BNI Syariah
PT Bank BRIsyariah Tbk, PT Bank BNI Syariah, and PT Bank Syariah Mandiri".
dan PT Bank Syariah Mandiri”.
Manajemen Bank berpendapat bahwa semua Management of the Bank has complied with the
persyaratan yang ditetapkan dalam perjanjian above covenants contained on the trustee
perwaliamanatan telah dipenuhi. agreement.
Berdasarkan Surat No. SR-32/PB.13/2016 Based on the letter No. SR-32/PB.13/2016 dated
tertanggal 29 November 2016, telah disetujui 29 November 2016, the Financial Service Authority
permohonan Bank oleh OJK untuk (“OJK”) has agreed with the Bank’s request to
memperhitungkan hasil penjualan Sukuk make the proceeds of Subordinated Sukuk
Mudharabah Subordinasi I sebesar Rp1.000.000 Mudharabah I amounting to Rp1,000,000 as a
sebagai komponen modal pelengkap Bank complementary capital component of the Bank
(setinggi-tingginya 100% dari modal inti). (maximum 100% of core capital).
Sukuk Mudharabah Subordinasi - PT Bank Subordinated Sukuk Mudharabah - PT Bank
Syariah Mandiri Syariah Mandiri
Pada tanggal tanggal 22 Desember 2016, Bank On 22 December 2016, the Bank issued Sukuk
menerbitkan Sukuk Mudharabah Tahun 2016 Mudharabah Year 2016 amounting to Rp375,000
sebesar Rp375.000 dan jatuh tempo pada tanggal and due on 22 December 2023.
22 Desember 2023.
Selama berlakunya jangka waktu Sukuk During the validity period of the 2016 BSM
Mudharabah Subordinasi BSM Tahun 2016 dan Subordinated Sukuk Mudharabah and prior to
sebelum dilunasinya semua pokok dan bagi hasil, repayment of all principal and profit sharing, the
Bank berkewajiban untuk: (i) menjaga rasio CAR Bank is obliged to: (i) maintain a CAR (Capital
(Capital Adequacy Ratio) tidak kurang dari 12% Adequacy Ratio) ratio of not less than 12% (twelve
(dua belas persen); (ii) memastikan bahwa Sukuk percent); (ii) ensure that the 2016 Subordinated
Mudharabah Subordinasi Tahun 2016 ini tidak Sukuk Mudharabah will not be owned by more than
akan dimiliki oleh lebih dari 50 (lima puluh) investor; 50 (fifty) investors; (iii) submit to the monitoring
(iii) menyerahkan kepada agen pemantau sebagai agency as follows: annual financial statements
berikut: laporan keuangan tahunan (audited) (audited) not later than the end of the 4th month
selambat-lambatnya akhir bulan ke-4 setelah after the date of the reporting book, quarterly
tanggal buku laporan, laporan keuangan triwulan financial statements not later than the end of the
selambat-lambatnya akhir bulan ke-1 setelah 1st month after the date of the reporting book,
tanggal buku laporan, laporan keuangan yang financial statements used as the basis for
digunakan sebagai dasar perhitungan pendapatan calculating revenue sharing, and the bank's
bagi hasil, dan laporan penilaian tingkat kesehatan soundness level assessment report and self-
bank dan penilaian sendiri (self assessment) assessment of the implementation of Good
pelaksanaan Good Corporate Governance kepada Corporate Governance to OJK.
OJK.
Halaman - 96 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 639
Page 642
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. SUKUK MUDHARABAH SUBORDINASI (lanjutan) 27. SUBORDINATED SUKUK MUDHARABAH
(continued)
Sukuk Mudharabah Subordinasi - PT Bank Subordinated Sukuk Mudharabah - PT Bank
Syariah Mandiri (lanjutan) Syariah Mandiri (continued)
Penerimaan dari penerbitan Sukuk Mudharabah The proceeds from the issuance of the
Subordinasi I tersebut, akan dimanfaatkan Subordinated Sukuk Mudharabah I are intended to
seluruhnya untuk memperkuat struktur permodalan strengthen the capital structure in order to support
dalam rangka menunjang kegiatan pengembangan business development activities such as financing
usaha berupa penyaluran pembiayaan. expansion.
Syarat dan ketentuan: Terms and Conditions:
• Pendapatan bagi hasil dihitung berdasarkan • Profit sharing income is calculated based on
perkalian antara nisbah pemegang subnotes the multiplication between the ratio of the
Bank dengan pendapatan yang dibagihasilkan Bank's subnotes holder and the revenue
yang jumlahnya tercantum dalam laporan shared, which is the amount listed in the
keuangan Bank triwulan terakhir yang belum unaudited last quarter of the Bank's financial
diaudit yang tersedia dan disahkan oleh Direksi report, which is available and approved by the
Bank selambatnya 10 (sepuluh) hari kerja Bank's Board of Directors no later than 10 (ten)
sebelum tanggal pembayaran pendapatan bagi working days before the date of payment of the
hasil yang bersangkutan. relevant revenue sharing.
• Pendapatan yang dibagihasilkan diperoleh dari • The income that is shared is obtained from the
pendapatan portofolio pembiayaan Rupiah income of the Rupiah financing portfolio
(blended) Bank senilai 7 (tujuh) kali Dana Sukuk (blended) Bank amounting to 7 (seven) times
Mudharabah Subordinasi dalam mata uang the Subordinated Sukuk Mudharabah Fund in
Rupiah yang dimiliki Penerbit, yang diperoleh Rupiah currency owned by the Issuer, which is
selama 1 (satu) triwulan sebagaimana obtained for 1 (one) quarter as stated in each
dicantumkan dalam setiap laporan keuangan unaudited Bank financial report.
Bank yang belum diaudit.
• Nisbah yang diberikan kepada pemegang • The ratio given to subnotes holders is 27.07%
subnotes adalah sebesar 27,07% dari of the shared revenue which is paid every 3
pendapatan yang dibagihasilkan yang (three) months.
dibayarkan setiap 3 (tiga) bulan.
Subnotes ini tidak dijamin dengan jaminan khusus These subnotes are not guaranteed by any special
dan tidak dijamin oleh pihak ketiga. Termasuk tidak guarantees and are not guaranteed by third parties.
dijamin oleh Negara Republik Indonesia dan tidak Including not guaranteed by the Republic of
dimasukkan ke dalam Program Penjaminan Bank Indonesia and not included in the Bank Guarantee
yang dilaksanakan oleh Lembaga Penjamin Program which is carried out by the Deposit
Simpanan atau penggantinya sesuai dengan Insurance Corporation or its replacement in
peraturan perundang-undangan yang berlaku dan accordance with the applicable laws and
mengikuti ketentuan Pasal 17 ayat (1) huruf f regulations and following the provisions of Article
Peraturan OJK No. 21/POJK.03/2014. Subnotes 17 paragraph (1) letter f of OJK Regulation
merupakan kewajiban Bank yang disubordinasi. No. 21/POJK.03/2014. Subnotes are subordinated
obligations of the Bank.
Bank tanpa persetujuan tertulis Agen Pemantau Banks without written approval from the Monitoring
tidak akan melakukan hal-hal sebagai berikut: (i) Agent will not do the following: (i) reduce the issued
mengurangi modal ditempatkan dan disetor; (ii) and paid-up capital; (ii) make changes in business
mengadakan perubahan bidang usaha; (iii) fields; (iii) carry out a merger or consolidation or
melakukan penggabungan atau peleburan atau reorganisation, except because of the provisions of
reorganisasi, kecuali karena adanya ketentuan the Government or Bank Indonesia; (iv) enter into
Pemerintah atau Bank Indonesia; (iv) mengadakan mergers, consolidations, acquisitions with other
penggabungan, konsolidasi, akuisisi dengan entitas entities which will result in the dissolution of the
lain yang menyebabkan bubarnya Bank. Bank.
Halaman - 97 - Page
640 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 643
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. SUKUK MUDHARABAH SUBORDINASI (lanjutan) 27. SUBORDINATED SUKUK MUDHARABAH
(continued)
Sukuk Mudharabah Subordinasi - PT Bank Subordinated Sukuk Mudharabah - PT Bank
Syariah Mandiri (lanjutan) Syariah Mandiri (continued)
DPS Bank Syariah Mandiri telah mengeluarkan Bank Syariah Mandiri’s Sharia Supervisory Board
opini melalui surat No. 18/13/DPS/X/2016 tanggal has issued an opinion by letter
1 November 2016 menyatakan bahwa No. 18/13/DPS/X/2016 dated 1 November 2016
subordinated notes syariah mudharabah telah stated that the subordinated notes for sharia
sesuai dengan fatwa DSN mengenai obligasi mudharabah are in accordance with the DSN fatwa
syariah dan obligasi syariah mudharabah (Fatwa regarding sharia bonds and sharia mudharabah
DSN-MUI No. 32/DSNMUI/IX/2002 dan bonds (Fatwa DSN-MUI No. 32/DSNMUI/IX/2002
No. 33/DSN-MUI/IX/2002). Bagi hasil yang and No. 33/DSN-MUI/IX/2002). Profit sharing given
diberikan kepada pemegang subordinated notes to holders of subordinated notes is taken from the
diambil dari porsi Bank. Bank's portion.
Bertindak sebagai wali amanat Sukuk Mudharabah Acting as trustee of the 2016 BSM Subordinated
Subordinasi BSM Tahun 2016 adalah PT Bank Sukuk Mudharabah is PT Bank Mandiri (Persero)
Mandiri (Persero) Tbk. Tbk.
Berdasarkan laporan pemeringkat terakhir yang Based on the last rating report published in
dipublikasikan pada bulan November 2022, Sukuk November 2022, the 2016 BSM Subordinated
Mudharabah Subordinasi BSM Tahun 2016 Sukuk Mudharabah has an idAA (Double A Sharia)
memiliki peringkat idAA (Double A Sharia) dari rating from the securities rating agency PT Pefindo.
agen pemeringkat efek PT Pefindo.
Sukuk Mudharabah Subordinasi Tahun 2023 - Subordinated Sukuk Mudharabah Year 2023 -
PT Bank Syariah Indonesia Tbk PT Bank Syariah Indonesia Tbk
Pada tanggal tanggal 15 Desember 2023, Bank On 15 December 2023, the Bank issued
menerbitkan Sukuk Mudharabah Subordinasi Subordinated Sukuk Mudharabah Year 2023
Tahun 2023 sebesar Rp200.000 dan akan jatuh amounting to Rp200,000 and is due on
tempo pada tanggal 15 Desember 2028. 15 December 2028.
Selama berlakunya jangka waktu Sukuk During the validity period of the BSI Subordinated
Mudharabah Subordinasi BSI Tahun 2023 dan Sukuk Mudharabah Year 2023 and prior to
sebelum dilunasinya semua dana sukuk dan bagi repayment of all sukuk funds and profit sharing, the
hasil, Bank berkewajiban untuk: (i) menjaga rasio Bank is obliged to: (i) maintain a CAR (Capital
CAR (Capital Adequacy Ratio) tidak kurang dari Adequacy Ratio) ratio of not less than 12% (twelve
12% (dua belas persen); (ii) memastikan bahwa percent); (ii) ensure that the 2023 Subordinated
Sukuk Mudharabah Subordinasi Tahun 2023 ini Sukuk Mudharabah will not be owned by more than
tidak akan dimiliki oleh lebih dari 49 (empat puluh 49 (fourty nine) investors; (iii) submit to the
sembilan) investor; (iii) menyerahkan kepada agen monitoring agency as follows: (a) A copy of the
pemantau sebagai berikut: (a) Salinan dari laporan report submitted to OJK including the level
yang disampaikan kepada OJK termasuk laporan assessment report the bank's health, no later than
hasil penilaian tingkat kesehatan bank, dalam 5 (five) working days after the report handed over
waktu selambat-lambatnya 5 (lima) hari kerja to the parties mentioned above. In case the
setelah laporan tersebut diserahkan kepada pihak Monitoring Agent views necessary, based on the
yang disebutkan di atas. Dalam hal Agen written request of the Monitoring Agent, the Bank is
Pemantau memandang perlu, berdasarkan obliged submit to the Monitoring Agent additional
permohonan Agen Pemantau secara tertulis, Bank documents relating to the above report (if any) no
wajib menyampaikan kepada Agen Pemantau later than 10 (ten) working days after the date the
dokumen-dokumen tambahan yang berkaitan application letter is received by the Bank; (b)
dengan laporan tersebut di atas (apabila ada) Annual financial reports that have been audited by
selambat lambatnya 10 (sepuluh) hari kerja setelah a public accountant registered with the OJK and
tanggal surat permohonan tersebut diterima oleh submitted to the Monitoring Agent within 5 (five)
Bank; (b) Laporan keuangan tahunan yang telah working days after receiving the application letter
diaudit oleh akuntan publik yang terdaftar di OJK from the Monitoring Agent.
dan disampaikan kepada Agen Pemantau dalam
waktu 5 (lima) hari kerja setelah menerima surat
permohonan dari Agen Pemantau
Halaman - 98 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 641
Page 644
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. SUKUK MUDHARABAH SUBORDINASI (lanjutan) 27. SUBORDINATED SUKUK MUDHARABAH
(continued)
Sukuk Mudharabah Subordinasi Tahun 2023 - Subordinated Sukuk Mudharabah Year 2023 -
PT Bank Syariah Indonesia Tbk (lanjutan) PT Bank Syariah Indonesia Tbk (continued)
Seluruh dana hasil penerbitan Sukuk Mudharabah All funds from the issuance of Subordinated Sukuk
Subordinasi Tahun 2023, akan dipergunakan oleh Mudharabah Year 2023 will be used by the Bank
Bank untuk kegiatan usaha Bank dalam rangka for the Bank's business activities in order to
memperkuat struktur permodalan dengan strengthen its capital structure by calculating the
memperhitungkan dana hasil penerbitan sebagai proceeds from the issuance as complementary
modal pelengkap dan meningkatkan aset produktif capital and increasing the Bank’s productive
Bank. assets.
Sukuk Mudharabah Subordinasi Tahun 2023 ini This Subordinated Sukuk Mudharabah Year 2023
diterbitkan tanpa warkat, kecuali Sertifikat Jumbo is issued without script, except for the
Sukuk Mudharabah Subordinasi yang diterbitkan Subordinated Sukuk Mudharabah Jumbo
atas nama PT Kustodian Sentral Efek Indonesia Certificate which is issued in the name of PT
(“KSEI”) sebagai bukti kepemilikan Efek Syariah Kustodian Sentral Efek Indonesia ("KSEI") as proof
untuk kepentingan Pemegang Sukuk Mudharabah of ownership of Sharia Securities for the benefit of
Subordinasi. Sukuk Mudharabah Subordinasi the Subordinated Sukuk Mudharabah Holders. The
Tahun 2023 diterbitkan dengan peringkat idAA(sy) Subordinated Sukuk Mudharabah Year 2023 is
(Double A Sharia) yang diperoleh dari agen issued with idAA(sy) (Double A Sharia) rating
pemeringkat efek PT Pefindo pada tanggal which was obtained from the securities rating
16 Oktober 2023. Pendapatan bagi hasil yang agency PT Pefindo on 16 October 2023. Profit
dihitung berdasarkan perkalian antara nisbah bagi sharing income is calculated based on the
hasil Pemegang Sukuk Mudharabah Subordinasi, multiplication of the profit sharing nisbah of
dimana besarnya nisbah adalah 88,55% dari Subordinated Sukuk Mudharabah Holders, where
pendapatan yang dibagihasilkan dengan indikasi the ratio is 88.55% of the revenue shared with an
bagi hasil sebesar ekuivalen 7,90% per tahun. indication of profit sharing equivalent to 7.90% per
Jangka waktu Sukuk Mudharabah Subordinasi year. The term of the Subordinated Sukuk
Tahun 2023 adalah 5 (lima) tahun terhitung sejak Mudharabah Year 2023 is 5 (five) years from the
tanggal penerbitan. Sukuk Mudharabah issuance date. This Subordinated Sukuk
Subordinasi Tahun 2023 ini ditawarkan dengan Mudharabah Year 2023 is offered at a value of
nilai 100% dari jumlah dana Sukuk Mudharabah 100% of the amount of Subordinated Mudharabah
Subordinasi. Pendapatan bagi hasil dibayarkan Sukuk funds. Profit sharing income is paid every
setiap triwulan, sesuai dengan tanggal pembayaran quarter, according to the payment date of profit
pendapatan bagi hasil. sharing income.
Bertindak sebagai wali amanat Sukuk Mudharabah Acting as trustee of the 2023 BSI Subordinated
Subordinasi BSI Tahun 2023 adalah PT Bank Sukuk Mudharabah is PT Bank Negara Indonesia
Negara Indonesia (Persero) Tbk. (Persero) Tbk.
28. SUKUK MUDHARABAH MUQAYYADAH 28. SUKUK MUDHARABAH MUQAYYADAH
2023 2022
Rupiah Rupiah
Pihak Ketiga 3,608 - Third Parties
Pada tanggal 26 Juni 2023, Bank telah On 26 June 2023, the Bank issued Long Term
menerbitkan Sukuk Mudharabah Muqayyadah Sukuk Mudharabah Muqayyadah which was made
Jangka Panjang yang Dilakukan Tanpa Melalui without going through the Public Offering I of PT
Penawaran Umum I PT Bank BSI Tbk Tahun 2023 Bank BSI Tbk Year 2023 Phase I (“Sukuk
Tahap I (“Sukuk Mudharabah Muqayyadah I Tahap Mudharabah Muqayyadah I Phase I”) with a
I”) dengan nilai nominal sebesar Rp3.759 dengan nominal value of Rp3,759 with a maximum limit of
maksimal plafon sebesar Rp100.000. Besarnya Rp100,000. The size of the ratio is 36.34% which is
nisbah adalah sebesar 36,34% yang diindikasikan indicated at 0.55% per year. Sukuk funds and profit
sebesar 0,55% per tahun. Dana sukuk dan bagi sharing is paid every 3 (three) months and will be
hasil dibayarkan setiap 3 (tiga) bulan dan akan due on 26 December 2035.
jatuh tempo pada tanggal 26 Desember 2035.
Halaman - 99 - Page
642 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 645
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. SUKUK MUDHARABAH MUQAYYADAH 28. SUKUK MUDHARABAH MUQAYYADAH
(lanjutan) (continued)
Penerbitan sukuk tersebut dilakukan dalam rangka The issuance of the sukuk was carried out in the
kerjasama antara Bank dengan BP Tapera selaku context of cooperation between the Bank and BP
investor tunggal dimana BSI ditunjuk sebagai Bank Tapera as the sole investor where BSI was
Penyalur KPR Tapera Syariah kepada peserta BP appointed as the Bank that distributes Tapera
Tapera. Skema kerjasama tersebut diatur pada Syariah KPR to BP Tapera participants. This
Undang-Undang No.4 tahun 2016 dan Peraturan cooperation scheme is regulated in Law No. 4 of
Pemerintah No. 25 tahun 2020 perihal 2016 and Government Regulation No. 25 of 2020
penyelenggaraan tabungan perumahan rakyat. concerning the implementation of public housing
savings.
29. PEMBIAYAAN BERJANGKA MUDHARABAH 29. MUDHARABAH TERM FINANCING
2023 2022
Pihak ketiga Third parties
Rupiah 776,250 - Rupiah
Dolar Amerika Serikat - 778,375 United States Dollar
776,250 778,375
Pada tanggal 29 Agustus 2022, Bank mendapatkan On 29 August 2022, the Bank obtained a
fasilitas line pembiayaan mudharabah sebesar mudharabah financing line facility of
USD100.000.000 (nilai penuh) dari PT Bank USD100,000,000 (full amount) from PT Bank
Maybank Indonesia Tbk. Bank telah melakukan Maybank Indonesia Tbk. The Bank has withdrawn
penarikan fasilitas sebesar USD50.000.000 (nilai the facility amounting to USD50,000,000 (full
penuh) pada tanggal 30 Agustus 2022 dengan amount) on 30 August 2022 with profit sharing ratio
nisbah bagi hasil sebesar 0,93% - 0,94% dan telah of 0.93% - 0.94% and has been settled on
dilunasi pada tanggal 30 Agustus 2023. Pada 30 August 2023. On 27 December 2023, the Bank
tanggal 27 Desember 2023, Bank melakukan has withdrawn the facility amounting to Rp776,250
penarikan fasilitas sebesar Rp776.250 dengan with a profit sharing ratio of 0.42% and was due on
nisbah bagi hasil sebesar 0,42% dan jatuh tempo 26 January 2024. There is no collateral guaranteed
pada tanggal 26 Januari 2024. Tidak terdapat for this facility.
agunan yang dijaminkan untuk fasilitas ini.
30. EKUITAS 30. EQUITY
Modal Saham Share Capital
Susunan pemegang saham Bank adalah sebagai The composition of the Bank’s shareholders are as
berikut: follows:
31 Desember/December 2023
Jumlah saham
ditempatkan dan
disetor penuh
(nilai penuh)/
Amount of issued Persentase Jumlah modal
and fully-paid pemilikan/ (nilai penuh)/
share capital Ownership Amount of
Pemegang Saham (full amount) percentage capital (full amount) Shareholders
Modal Dasar Authorised Capital
Saham Seri A Dwiwarna 1 0.00% 500 Series A Dwiwarna share
Saham biasa Seri B 79,999,999,999 100.00% 39,999,999,999,500 Series B common shares
Modal Ditempatkan dan Disetor Penuh Issued and Fully Paid Capital
Saham Seri A Dwiwarna Series A Dwiwarna share
Negara Republik Indonesia 1 0.00% 500 Republic of Indonesia
Saham biasa Seri B Series B common shares
PT Bank Mandiri (Persero) Tbk 23,740,608,436 51.47% 11,870,304,218,000 PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 10,720,230,418 23.24% 5,360,115,209,000 (Persero)Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 7,092,761,655 15.38% 3,546,380,827,500 (Persero) Tbk
Dewan Komisaris: Board of Commissioners:
Sutanto 1,010,100 0.00% 505,050,000 Sutanto
Suyanto 822,700 0.00% 411,350,000 Suyanto
Masduki Baidlowi 822,700 0.00% 411,350,000 Masduki Baidlowi
Imam Budi Sarjito 822,700 0.00% 411,350,000 Imam Budi Sarjito
Direksi: Board of Directors:
Ngatari 18,621,200 0.04% 9,310,600,000 Ngatari
Hery Gunardi 2,210,600 0.00% 1,105,300,000 Hery Gunardi
Ade Cahyo Nugroho 1,726,600 0.00% 863,300,000 Ade Cahyo Nugroho
Anton Sukarna 1,726,600 0.00% 863,300,000 Anton Sukarna
Tribuana Tunggadewi 1,726,600 0.00% 863,300,000 Tribuana Tunggadewi
Bob Tyasika Ananta 548,400 0.00% 274,200,000 Bob Tyasika Ananta
Moh. Adib 527,400 0.00% 263,700,000 Moh. Adib
Zaidan Novari 517,900 0.00% 258,950,000 Zaidan Novari
Masyarakat 4,544,576,128 9.87% 2,272,288,064,000 Public
46,129,260,138 100.00% 23,064,630,069,000
Halaman - 100 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 643
Page 646
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. EKUITAS (lanjutan) 30. EQUITY (continued)
Modal Saham (lanjutan) Share Capital (continued)
Susunan pemegang saham Bank adalah sebagai The composition of the Bank’s shareholders are as
berikut: (lanjutan) follows: (continued)
31 Desember/December 2022
Jumlah saham
ditempatkan dan
disetor penuh
(nilai penuh)/
Amount of issued Persentase Jumlah modal
and fully-paid pemilikan/ (nilai penuh)/
share capital Ownership Amount of
Pemegang Saham (full amount) percentage capital (full amount) Shareholders
Modal Dasar Authorised Capital
Saham Seri A Dwiwarna 1 0.00% 500 Series A Dwiwarna share
Saham biasa Seri B 79,999,999,999 100.00% 39,999,999,999,500 Series B common shares
Modal Ditempatkan dan Disetor Penuh Issued and Fully Paid Capital
Saham Seri A Dwiwarna Series A Dwiwarna share
Negara Republik Indonesia 1 0.00% 500 Republic of Indonesia
Saham biasa Seri B Series B common shares
PT Bank Mandiri (Persero) Tbk 23,740,608,436 51.47% 11,870,304,218,000 PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 10,720,230,418 23.24% 5,360,115,209,000 (Persero)Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 7,092,761,655 15.38% 3,546,380,827,500 (Persero) Tbk
Dewan Komisaris: Board of Commissioners:
Sutanto 1,687,400 0.00% 843,700,000 Sutanto
Direksi: Board of Directors:
Ngatari 16,823,500 0.04% 8,411,750,000 Ngatari
Moh. Adib 9,500 0.00% 4,750,000 Moh. Adib
Masyarakat 4,557,139,228 9.87% 2,278,569,614,000 Public
46,129,260,138 100.00% 23,064,630,069,000
Saham Seri A Dwiwarna adalah saham yang Series A Dwiwarna share is share that is specially
dimiliki khusus oleh Negara Republik Indonesia owned by the Republic of Indonesia which grants
yang memberikan hak istimewa sebagai berikut: the following special rights:
• menyetujui dalam Rapat Umum Pemegang • approve in the General Meeting of Shareholders
Saham (“RUPS”) mengenai perubahan (“GMS”) regarding changes to the Articles of
Anggaran Dasar, perubahan permodalan, Association, changes in capital, mergers,
penggabungan, peleburan, pemisahan, consolidations, separations, dissolution and
pembubaran, serta pengambilalihan Bank oleh acquisitions of the Bank by other companies;
perusahaan lain;
• menetapkan pedoman terkait pengembangan • establish guidelines related to the Bank's organic
strategis Bank secara organik maupun and non-organic strategic development;
nonorganik;
• mengusulkan penyelenggaraan RUPS dan mata • propose the arrangement of the GMS and
acara RUPS; dan agenda of the GMS; and
• meminta dan mengakses data dan dokumen • request and access data and documents of the
Bank. Bank.
Pelaksanaan hak-hak istimewa pemegang saham The exercise of the special rights of Series A
Seri A Dwiwarna dapat dikuasakan kepada Dwiwarna shareholders can be delegated to the
pemegang saham pengendali Seri B terbanyak, majority controlling shareholder of Series B, except
kecuali pelaksanaan hak terkait persetujuan atas for the exercise of rights related to the approval for
penggabungan, peleburan, pemisahan, mergers, consolidations, separations, dissolution
pembubaran serta pengambilalihan Bank oleh and acquisitions of the Bank by other companies.
perusahaan lain.
Saham biasa Seri B adalah saham biasa atas Series B common shares are ordinary shares
nama yang dapat dimiliki oleh Negara Republik which can be owned by the Republic of Indonesia
Indonesia dan/atau masyarakat. Pemegang Saham and/or the public. Series B Shareholders have the
Seri B mempunyai hak memberikan suara dimana right to vote in which each one share has the right
setiap satu saham berhak memberikan satu hak to give one voting right.
suara.
Halaman - 101 - Page
644 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 647
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. EKUITAS (lanjutan) 30. EQUITY (continued)
Modal Saham (lanjutan) Share Capital (continued)
Penerbitan saham baru Issuance of new shares
Melalui PMHMETD I yang dilakukan pada bulan Through PMHMETD I which was exercised in
Desember 2022, Bank meningkatkan modal dan December 2022, the Bank increased the issued
disetor penuh sebanyak 4.999.952.795 lembar and fully paid capital of 4,999,952,795 shares (full
saham (nilai penuh) atau sebesar Rp2.499.976, amount) or Rp2,499,976, which resulted in an
yang mengakibatkan kenaikan tambahan modal increase in additional paid-in capital of
disetor sebesar Rp2.437.676 (setelah dikurangi Rp2,437,676 (after deducting issuance costs) (see
oleh biaya emisi) (lihat Catatan 1d). Note 1d).
Cadangan Umum General Reserve
Cadangan umum pada awalnya dibentuk dalam The general reserves are originally provided in
rangka memenuhi ketentuan Pasal 61 ayat (1) accordance with Law No. 1/1995 article 61
Undang-Undang No. 1/1995 mengenai Perseroan paragraph (1) on Limited Liability Company (later
Terbatas (kemudian diganti dengan Undang- superseded by Limited Liability Company Law No.
Undang Perseroan Terbatas No. 40/2007), yang 40/2007), which requires Indonesian companies to
mengharuskan perusahaan Indonesia untuk set up a general and legal reserve amounting to at
membuat penyisihan cadangan umum dan wajib least 20% of the issued and paid-in capital. This
sebesar sekurang-kurangnya 20% dari jumlah particular law does not regulate the period of time
modal yang ditempatkan dan disetor penuh. in relation to the provision of such reserves.
Undang-Undang tersebut tidak mengatur jangka
waktu untuk pembentukan penyisihan tersebut.
Tambahan Modal Disetor Additional Paid-in Capital
Perubahan tambahan modal disetor adalah The movements in additional paid-in capital are as
sebagai berikut: follows:
Saldo pada tanggal 1 Januari 2021 - Balance as at 1 January 2021
Agio saham dari penggabungan usaha 3,237 Agio shares from merger
Imbalan bersih yang secara efektif Net consideration effectively
dialihkan dalam akuisisi terbalik (5,374,061) transferred in reverse acquisition
Penyesuaian yang timbul dari akuisisi terbalik Adjustment arising from reverse acquisition
untuk mencerminkan modal menurut hukum (995,952) to reflect the Bank‘s legal capital
Tambahan modal disetor Additional paid-in capital
per 31 Desember 2021 (6,366,776) as at 31 December 2021
Tambahan modal disetor akibat
Penawaran Umum Saham Terbatas pada Additional paid-in capital due to
tahun 2022 2,499,976 Limited Public Offering in 2022
Biaya emisi penerbitan saham (62,300) Share issuance costs
Saldo akhir (3,929,100) Ending balance
31. PENDAPATAN DARI JUAL BELI 31. INCOME FROM SALES AND PURCHASES
2023 2022
Murabahah 12,627,711 11,354,553 Murabahah
Istishna 69 332 Istishna
12,627,780 11,354,885
Halaman - 102 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 645
Page 648
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
32. PENDAPATAN DARI BAGI HASIL 32. INCOME FROM PROFIT SHARING
2023 2022
Musyarakah 5,843,007 4,722,224 Musyarakah
Mudharabah 97,479 142,040 Mudharabah
5,940,486 4,864,264
33. PENDAPATAN DARI IJARAH - BERSIH 33. INCOME FROM IJARAH - NET
2023 2022
Ijarah muntahiyah bittamlik - bersih 43,574 25,338 Ijarah muntahiyah bittamlik - net
Ijarah multijasa - bersih 111,872 96,883 Multi-services ijarah - net
155,446 122,221
Sebelum 1 Januari 2023, pendapatan ijarah - Before 1 January 2023, income form ijarah - net
bersih merupakan pendapatan pokok dan margin represents the principal and margin income from
dari ijarah muntahiyah bittamlik (“IMBT”) dan ijarah ijarah muntahiyah bittamlik (“IMBT”) and multi-
multijasa setelah dikurangi beban penyusutan, services ijarah after deducting depreciation,
amortisasi, dan penurunan nilai aset ijarah. amortisation expenses and impairment of ijarah
assets.
Setelah 1 Januari 2023, pendapatan IMBT - bersih After 1 January 2023, income from IMBT - net
merupakan pendapatan pokok dan margin IMBT represents the principal and margin income from
setelah dikurangi beban penyusutan, amortisasi, IMBT after deducting depreciation, amortisation
dan penurunan nilai aset ijarah. Pendapatan ijarah expenses and impairment of ijarah assets. Multi-
multijasa - bersih merupakan pendapatan ijarah services ijarah income - net represents indirect
tidak langsung atas margin dan pokok ijarah ijarah income from the principal and margin of
multijasa setelah dikurangi biaya yang dibayarkan multi-services ijarah after deducting fees paid to the
kepada pemberi jasa awal. initial service provider.
34. PENDAPATAN USAHA UTAMA LAINNYA 34. OTHER MAIN OPERATING INCOME
2023 2022
Pendapatan dari investasi Income from investments
pada surat berharga 3,012,345 3,098,061 in marketable securities
Pendapatan dari Deposito Berjangka Income from Bank Indonesia
Syariah Bank Indonesia 319,541 7,311 Sharia Term Deposits
Bonus dari Sertifikat Bank Bonus from Bank Indonesia
Indonesia Syariah ("SBIS") dan Sharia Certificates ("SBIS") and
Fasilitas Simpanan Bank Bank Indonesia Sharia Deposit
Indonesia Syariah ("FASBIS") 41,750 73,982 Facilities ("FASBIS")
Bagi hasil penempatan Profit sharing from placements
pada bank lain 24,086 2,526 with other bank
Lainnya 130,309 99,615 Others
3,528,031 3,281,495
35. HAK PIHAK KETIGA ATAS BAGI HASIL 35. THIRD PARTIES’ SHARE ON RETURN
2023 2022
Deposito mudharabah 4,148,029 2,874,964 Mudharabah time deposits
Giro mudharabah 791,764 367,948 Mudharabah demand deposits
Tabungan mudharabah 466,655 564,411 Mudharabah savings deposits
PaSBI 221,325 - PaSBI
Investasi terikat 119,316 59,848 Restricted investment
Sukuk mudharabah subordinasi 115,849 129,791 Subordinated sukuk mudharabah
SIMA 74,464 3,083 SIMA
Pembiayaan berjangka mudharabah 32,710 12,604 Mudharabah term financing
Musyarakah-mudharabah Musyarakah-mudharabah
musytarakah 21,003 19,459 musytarakah
Lainnya 2,053 61 Others
5,993,168 4,032,169
Halaman - 103 - Page
646 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 649
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
36. PENDAPATAN USAHA LAINNYA 36. OTHER OPERATING INCOME
Pendapatan usaha lainnya terdiri dari: Other operating income consists of:
2023 2022
Pendapatan imbalan Fee based income from
jasa perbankan banking services
Pendapatan rahn 727,749 638,934 Income from rahn
Pendapatan administrasi tabungan Income from saving deposits
dan giro 346,871 353,919 and demand deposits administration
Pendapatan administrasi pembiayaan 331,669 334,823 Income from financing administration
Pendapatan layanan internet banking 314,155 256,394 Income from internet banking services
Keuntungan pelepasan surat berharga 216,017 101,831 Gain on sale of marketable securities
Pendapatan transaksi ATM 173,310 202,503 Income from ATM transactions
Pendapatan komisi asuransi 157,705 117,738 Income from insurance commission
Pendapatan kartu Hasanah 143,621 96,225 Income from Hasanah Card
Pendapatan jasa pembayaran 135,742 112,536 Income from payment services
Pendapatan jasa ekspor impor 105,916 43,766 Income from export import services
Pendapatan administrasi dan komisi Income from administration and
selain pembiayaan 101,813 125,046 commission other than financing
Pendapatan pembiayaan sindikasi 84,903 64,737 Syndicated financing fee
Pendapatan transaksi Income from foreign
mata uang asing - bersih 60,972 80,785 exchange transaction - net
Pendapatan ganti rugi Income from restructuring
restrukturisasi (ta'widh) 32,221 35,200 compensation (ta'widh)
Pendapatan jasa penjualan sukuk Income from service of sale of sukuk
dan reksa dana 31,570 26,117 and mutual funds
Pendapatan transaksi remittance 26,749 33,410 Income from remittance transactions
Kenaikan nilai surat berharga diukur Increase in marketable securities measured
pada nilai wajar melalui laba rugi 26,093 931 at fair value through profit or loss
Lainnya 95,808 62,313 Others
3,112,884 2,687,208
Pendapatan lainnya Other income
Penerimaan kembali atas piutang dan
pembiayaan yang telah Subsequent recoveries of receivables
dihapusbukukan 1,091,582 1,013,903 and financing written-off
4,204,466 3,701,111
37. BEBAN GAJI DAN TUNJANGAN 37. SALARIES AND BENEFITS EXPENSES
Beban gaji dan tunjangan terdiri dari: Salaries and benefits consist of:
2023 2022
Gaji dan upah 3,776,223 3,701,231 Salaries and wages
Tunjangan karyawan 976,738 952,961 Employee allowances
Pendidikan dan pelatihan 123,890 114,720 Education and training
Lainnya 158,364 180,030 Others
5,035,215 4,948,942
Halaman - 104 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 647
Page 650
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
38. BEBAN UMUM DAN ADMINISTRASI 38. GENERAL AND ADMINISTRATIVE EXPENSES
Beban umum dan administrasi terdiri dari: General and administrative expenses consist of:
2023 2022
Penyusutan aset tetap dan Depreciation of fixed assets
aset hak guna dan amortisasi and right-of-use assets and amortisation
aset tidak berwujud (Catatan 14) 837,672 701,792 of intangible assets (Note 14)
Beban outsourcing 730,416 804,945 Outsourcing expenses
Beban promosi 679,093 502,527 Promotion expenses
Beban penjaminan 530,276 502,466 Underwriting expenses
Beban sewa 310,255 308,771 Rent expenses
Beban komunikasi 301,509 299,260 Communication expenses
Beban transportasi 220,052 217,140 Transportation expenses
Beban pemeliharaan dan perbaikan 173,267 196,224 Service and maintenance expenses
Beban pungutan OJK 162,414 137,997 OJK fees
Beban jasa tenaga ahli 161,460 176,592 Professional fees
Beban perlengkapan 143,505 203,514 Supplies expenses
Beban barang dan jasa lain 125,900 124,985 Other goods & services expenses
Beban listrik, air dan gas 123,948 115,063 Electricity, water and gas expenses
Beban alat tulis kantor 103,813 102,300 Office stationery expenses
Ujrah administrasi 93,531 84,038 Administrative ujrah
Beban asuransi 91,006 27,316 Insurance expenses
Beban lisensi software 88,045 88,593 Software license expenses
Beban barang cetak 31,512 64,485 Printing expenses
Lainnya 262,264 198,428 Others
5,169,938 4,856,436
39. BEBAN CADANGAN KERUGIAN PENURUNAN 39. PROVISION FOR IMPAIRMENT LOSSES ON
NILAI ASET PRODUKTIF DAN NONPRODUKTIF EARNING AND NON-EARNING ASSETS - NET
- BERSIH
Beban cadangan kerugian penurunan nilai aset Provision for impairment losses on earning and
produktif dan nonproduktif - bersih terdiri dari: non-earning assets - net, consist of:
2023 2022
Giro dan penempatan pada Current accounts and placements
bank lain (Catatan 6) 4,628 (2,662) with other banks (Note 6)
Investasi pada surat berharga Investments in marketable
(Catatan 7) 121,872 (7,498) securities (Note 7)
Tagihan akseptasi (Catatan 8) (374) 3,199 Acceptances receivables (Note 8)
Piutang (Catatan 9) 1,536,234 1,880,435 Receivables (Note 9)
Pinjaman qardh (Catatan 10) 80,586 576,774 Funds of qardh (Note 10)
Pembiayaan mudharabah (Catatan 11) 11,962 9,043 Mudharabah financing (Note 11)
Pembiayaan musyarakah (Catatan 12) 892,055 1,230,474 Musyarakah financing (Note 12)
Estimasi kerugian komitmen Estimated losses on commitments
dan kontinjensi (Catatan 41) 3,246 11,283 and contingencies (Note 41)
Aset nonproduktif (29,681) 47,222 Non-earning assets
Aset lainnya 1,951 527 Other assets
2,622,479 3,748,797
Halaman - 105 - Page
648 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 651
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. LABA PER SAHAM 40. EARNINGS PER SHARE
Perhitungan laba per saham adalah sebagai The computation of earnings per share, are as
berikut: follows:
2023 2022
Laba tahun berjalan 5,703,743 4,260,182 Income for the year
Jumlah rata-rata tertimbang saham Weighted average number of shares
biasa yang beredar (nilai penuh) 46,129,260,138 41,545,970,076 outstanding (full amount)
Laba bersih per saham dasar Basic earnings
(Rupiah penuh) 123.65 102.54 per share (full Rupiah)
41. INFORMASI MENGENAI KOMITMEN DAN 41. INFORMATION ON COMMITMENTS AND
KONTINJENSI CONTINGENCIES
a. Bank memiliki tagihan dan liabilitas komitmen a. The Bank’s receivables and payables from
dan kontinjensi sebagai berikut: commitments and contingencies are as follows:
2023 2022
Liabilitas komitmen Commitments payables
Pihak ketiga Third parties
Fasilitas pembiayaan
yang belum digunakan 1,775,974 1,662,836 Unused financing facilities
L/C yang tidak dapat dibatalkan 267,737 115,163 Irrevocable L/C
Kewajiban subrogasi 137,094 129,443 Subrogation payables
Penjualan berjangka mata uang Sales of foreign currency
asing yang belum diselesaikan 114,862 - futures unresolved
2,295,667 1,907,442
Pihak berelasi Related parties
Fasilitas pembiayaan
yang belum digunakan 117,375 198,972 Unused financing facilities
L/C yang tidak dapat dibatalkan 98,238 67,068 Irrevocable L/C
215,613 266,040
Liabilitas komitmen 2,511,280 2,173,482 Commitments payables
Tagihan kontinjensi Contingencies receivables
Pihak ketiga Third parties
Pendapatan dari pembiayaan Income from non-performing
bermasalah 335,215 288,960 financing
Bank garansi (kafalah) Bank guarantees (kafalah)
yang diterima 234,419 237,015 received
Lainnya 30,923 26,567 Others
600,557 552,542
Liabilitas kontinjensi Contingencies payables
Pihak ketiga Third parties
Garansi yang diterbitkan 2,099,170 2,008,915 Bank guarantees issued
Pihak berelasi Related parties
Garansi yang diterbitkan 738,668 699,873 Bank guarantees issued
2,837,838 2,708,788
Liabilitas kontinjensi - neto 2,237,281 2,156,246 Contingencies payables - net
Halaman - 106 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 649
Page 652
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
41. INFORMASI MENGENAI KOMITMEN DAN 41. INFORMATION ON COMMITMENTS AND
KONTINJENSI (lanjutan) CONTINGENCIES (continued)
b. Transaksi komitmen dan kontinjensi yang b. The transactions of commitments and
terjadi dalam kegiatan normal Bank yang contingencies in the normal course of the
mempunyai risiko pembiayaan adalah sebagai Bank’s activities that have financing risks are as
berikut: follows:
2023 2022
Garansi yang diterbitkan 2,837,838 2,708,788 Bank guarantees issued
Fasilitas pembiayaan
yang belum digunakan 1,893,349 1,861,808 Unused financing facilities
L/C yang tidak dapat dibatalkan 365,975 182,231 Irrevocable L/C
5,097,162 4,752,827
c. Kolektibilitas komitmen dan kontinjensi pada c. The collectibility of commitments and
rekening administratif yang mempunyai risiko contingencies with financing risk on
pembiayaan adalah sebagai berikut: administrative accounts are as follows:
2023 2022
Lancar 5,041,570 4,724,770 Current
Dalam perhatian khusus 31,313 2,777 Special mention
Kurang lancar 15,425 14,326 Substandard
Diragukan - 132 Doubtful
Macet 8,854 10,822 Loss
5,097,162 4,752,827
d. Perubahan cadangan kerugian penurunan nilai d. The movements of allowance for impairment
estimasi komitmen dan kontijensi adalah losses on estimated commitments and
sebagai berikut: contingencies are as follows:
2023 2022
Saldo awal tahun 28,873 17,194 Beginning balance
Pembentukan selama
tahun berjalan (Catatan 39) 3,246 11,283 Provision during the year (Note 39)
Selisih kurs (102) 396 Exchange rate difference
Saldo akhir tahun 32,017 28,873 Ending balance
Manajemen berpendapat bahwa cadangan Management believes that the allowance for
kerugian penurunan atas nilai estimasi impairment losses on estimated commitments
komitmen dan kontijensi yang dibentuk telah and contingencies is adequate and in
memadai dan telah sesuai dengan ketentuan compliance with OJK regulations.
OJK.
42. LIABILITAS IMBALAN KERJA 42. EMPLOYEE BENEFIT LIABILITIES
2023 2022
Imbalan pasca kerja
jangka panjang 463,243 510,868 Long-term post-employment benefits
Cuti besar 204,021 178,150 Grand leaves
667,264 689,018
Bank mempunyai Program Pensiun Iuran Pasti Bank has a defined contribution plan (“PPIP”) for all
(“PPIP”) yang meliputi seluruh karyawan tetap yang permanent employees which managed by the
dikelola oleh Dana Pensiun Lembaga Keuangan pension funds (“DPLK”) as follows:
(“DPLK”) sebagai berikut:
1. DPLK BRI yang telah mendapatkan 1. DPLK BRI which has been approved by OJK
pengesahan berdasarkan Keputusan Otoritas through its Decision Letter No. KEP-
Jasa Keuangan No. KEP-19/NB.1/2022 19/NB.1/2022 dated 21 March 2022.
tanggal 21 Maret 2022.
Halaman - 107 - Page
650 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 653
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFIT LIABILITIES (continued)
Bank mempunyai Program Pensiun Iuran Pasti Bank has a defined contribution plan (“PPIP”) for all
(“PPIP”) yang meliputi seluruh karyawan tetap yang permanent employees which managed by the
dikelola oleh Dana Pensiun Lembaga Keuangan pension funds (“DPLK”) as follows: (continued)
(“DPLK”) sebagai berikut: (lanjutan)
2. DPLK AXA Mandiri yang telah mendapatkan 2. DPLK AXA Mandiri which has been approved
pengesahan berdasarkan Keputusan Otoritas by OJK through its Decision Letter No. KEP-
Jasa Keuangan No. KEP-29/NB.01/2022 29/NB.01/2022 dated 18 April 2022.
tanggal 18 April 2022.
3. DPLK BNI yang telah mendapatkan 3. DPLK BNI which has been approved by OJK
pengesahan berdasarkan Keputusan Otoritas through its Decision Letter No. KEP-
Jasa Keuangan No. KEP-31/NB.01/2022 31/NB.01/2022 dated 13 May 2022.
tanggal 13 Mei 2022.
Jumlah iuran yang dibayarkan Bank sebesar The total contributions paid by the Bank amounting
Rp181.524 dan Rp171.920 untuk tahun yang to Rp181,524 and Rp171,920 for the year ended
berakhir pada 31 Desember 2023 dan 2022. 31 December 2023 and 2022.
Selain itu, Bank memiliki Program Pensiun Untuk In addition, the Bank has a defined benefit plan
Kompensasi Pesangon ("PPUKP") untuk pegawai (“PPUKP”) for ex-legacy BRIS employees which
ex-legacy BRIS yang dikelola oleh DPLK BRI. managed by DPLK BRI.
Perhitungan aktuaria per tanggal 31 Desember The actuarial calculations as at 31 December 2023
2023 dan 2022 dilakukan oleh KKA Steven & and 2022 were prepared by KKA Steven & Mourits,
Mourits, aktuaris independen, dalam laporannya an independent actuary, in its reports dated 15
masing-masing tertanggal 15 Desember 2023 dan December 2023 and 9 January 2023, respectively.
9 Januari 2023.
Perhitungan aktuaria tersebut menggunakan The above actuarial calculations were using the
metode Projected Unit Credit serta Projected Unit Credit Method with the following key
mempertimbangkan asumsi-asumsi utama sebagai assumptions:
berikut:
2023 2022
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto 6.70% 7.00% Discount rate
Tingkat kenaikan gaji 7.00% 6.50% Rate of salary increases
Asumsi lainnya: Other assumptions:
Usia pensiun normal 36 - 56 tahun/years 36 - 56 tahun/years Normal retirement age
Tingkat kematian Modifikasi Modifikasi Mortality rate
Tabel Mortalitas/ Tabel Mortalitas/
Adjusted Mortality Adjusted Mortality
Table Table
Indonesia Indonesia
TMI-IV-2019 TMI-IV-2019
Tingkat cacat 10% dari tingkat 10% dari tingkat Disability rate
kematian/10% kematian/10%
from mortality rate from mortality rate
Imbalan pasca kerja jangka panjang Long-term post-employment benefit
Rekonsiliasi status pembiayaan atas program A reconciliation of the funding status of the pension
pensiun disajikan sebagai berikut: plan are as follows:
2023 2022
Nilai kini liabilitas manfaat pasti yang Present value of funded defined
didanai 585,282 626,386 benefit obligations
Nilai wajar aset dana pensiun (122,039) (115,518) Fair value of pension plan assets
Nilai bersih kewajiban 463,243 510,868 Net liability
Halaman - 108 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 651
Page 654
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFIT LIABILITIES (continued)
Imbalan pasca kerja jangka panjang (lanjutan) Long-term post-employment benefit (continued)
Mutasi nilai kini liabilitas manfaat pasti yang didanai The movements in the present value of funded
selama tahun berjalan adalah sebagai berikut: defined benefit obligations for the year are as
follows:
2023 2022
Pada awal tahun 626,386 757,010 At the beginning of the year
Biaya jasa kini 86,195 83,994 Current service cost
Biaya jasa lalu (140,986) - Past service cost
Biaya bunga 42,951 44,016 Interest cost
Kerugian/(keuntungan) pengukuran Actuarial loss/(gain) on
kembali aktuarial 33,913 (170,248) remeasurement
Penyesuaian atas perubahan Adjustment due to change in
metode atribusi - (36,002) benefit attribution method
648,459 678,770
Pembayaran imbalan pasca kerja Payment of post-employment
selama tahun berjalan (63,177) (52,384) benefit during the year
585,282 626,386
Rekonsiliasi atas mutasi liabilitas bersih selama The reconciliation of the movements of the net
tahun yang berakhir 31 Desember 2023 dan 2022 liabilities for the year ended 31 December 2023
adalah sebagai berikut: and 2022 is as follows:
2023 2022
Kewajiban bersih pada Net liabilities at the
awal tahun 510,868 644,221 beginning of the year
Beban tahun berjalan 29,623 107,719 Current year expenses
Pengukuran kembali diakui sebagai
pendapatan komprehensif Remeasurement recognised as other
lainnya akibat: comprehensive income due to:
Changes in
Perubahan asumsi ekonomis 32,719 (117,307) economic assumptions
Changes from
Perubahan dari penyesuaian historis 2,462 (47,607) experience adjustment
35,181 (164,914)
Pembayaran imbalan pasca kerja Payment of post-employment
selama tahun berjalan (63,177) (52,384) benefit during the year
Kelebihan pembayaran imbalan (49,252) (23,774) Excess benefit payment
Kewajiban bersih pada akhir Net liabilities at the end of the
tahun 463,243 510,868 year
Mutasi nilai wajar aset program untuk tahun yang The movements in the fair value of plan assets for
berakhir adalah sebagai berikut: the year ended are as follows:
2023 2022
Pada awal tahun 115,518 112,789 At the beginning of the year
Hasil dari aset program (1,267) (5,333) Return on plan assets
Keuntungan aktuarial 7,788 8,062 Actuarial gains
122,039 115,518
Halaman - 109 - Page
652 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 655
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFIT LIABILITIES (continued)
Imbalan pasca kerja jangka panjang (lanjutan) Long-term post-employment benefit (continued)
Biaya imbalan pensiun yang dibebankan pada Pension expenses recognised in the statement of
laporan laba rugi adalah sebagai berikut: profit or loss, are as follows:
2023 2022
Biaya jasa kini 86,195 83,994 Current service cost
Biaya jasa lalu (140,986) - Past service cost
Bunga bersih 35,162 35,953 Net Interest
Penyesuaian atas perubahan Adjustment due to change in
metode atribusi - (36,002) benefit attribution method
Kelebihan pembayaran imbalan 49,252 23,774 Excess benefits payment
Biaya yang dibebankan pada Expense recognised in
laporan laba rugi 29,623 107,719 profit or loss
Biaya yang dibebankan pada Expense recognised in
laporan laba rugi 29,623 107,719 profit or loss
Pengukuran kembali yang diakui Remeasurement effect
pada penghasilan recognised in other
komprehensif lain 35,181 (164,914) comprehensive income
Biaya imbalan pasti 64,804 (57,195) Defined benefit cost
Pada tanggal 31 Desember 2023 dan 2022, aset As at 31 December 2023 and 2022, plan assets
program diinvestasikan ke dalam instrumen pasar invested to sharia money market each amounting
uang syariah masing-masing sebesar Rp122.039 to Rp122,039 and Rp115,518.
dan Rp115.518.
Hasil yang diharapkan dari aset program The expected return on plan assets is determined
ditentukan dengan mempertimbangkan imbal hasil by considering the expected return available on the
yang diharapkan atas aset yang mengacu pada assets in accordance with the current investment
kebijakan investasi. Hasil investasi bunga tetap policy. Expected yields on fixed interest
didasarkan pada hasil pengembalian bruto pada investments are based on gross redemption yields
tanggal pelaporan. Hasil yang diharapkan dari as at the reporting date. Expected return on equity
investasi ekuitas dan properti mencerminkan and property investments reflect long-term real
tingkat imbal hasil jangka panjang aktual yang rates of return experienced in the respective
terjadi untuk tiap-tiap pasar. markets.
Bank terekspos beberapa risiko atas program The Bank is exposed to a number of risks through
imbalan kerja seperti risiko yang terekspos pada its employee benefit plans such as the exposed
program manfaat pasti adalah adanya tingkat hasil risks in the defined benefit pension plan is the
investasi di bawah asumsi discount rate dan lower return on investment compared to
kenaikan gaji aktual yang lebih besar dari asumsi. assumption on discount rate and the increase in
Hal tersebut menimbulkan peningkatan iuran yang the actual salary is higher than its assumption.
dibayarkan kepada dana pensiun. These will cause an increase in benefit paid to
pension fund.
Untuk memastikan bahwa posisi investasi telah To ensure that the position of investments is
sesuai dengan kerangka Asset Liability Matching consistent with the Asset Liability Management
(“ALMA”), Bank melakukan pemantauan terhadap (“ALMA”) framework, the Bank performs monitoring
investasi atas program pensiun (baik iuran pasti over the investment for the pension program (for
maupun manfaat pasti) dan memastikan tingkat both defined benefit and contribution plans) and
investasi dimaksud mencapai tingkat diskonto yang performs action to ensure the return of investments
digunakan. Selain itu, dilakukan implementasi will meet the applicable discount rate. Apart from
kebijakan penyesuaian gaji sesuai dengan asumsi that, implementation of salary adjustment policy
yang telah digunakan dalam perhitungan aktuaria has been performed in accordance to the
untuk mengurangi selisih hasil perhitungan atas assumptions used by actuarial calculation to
proyeksi imbalan kerja pasca kerja dengan reduce the gap on the calculation of projected post-
realisasinya. employment benefit with its realisation.
Rata-rata durasi kewajiban manfaat pasti pada The average duration of the defined benefit
tanggal 31 Desember 2023 adalah 8,89 tahun obligations as at 31 December 2023 is 8.89 years
(31 Desember 2022: 8,27 tahun). (31 December 2022: 8.27 years).
Halaman - 110 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 653
Page 656
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFIT LIABILITIES (continued)
Cuti besar Grand leaves
Mutasi untuk cadangan atas cuti besar masing- The movements of allowance for grand leaves as at
masing pada tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022, respectively, are as
adalah sebagai berikut: follows:
2023 2022
Liabilitas pada awal tahun 178,150 192,270 Liabilities at beginning of the year
Beban cuti besar Grand leaves expense
pada tahun berjalan 102,955 52,701 during the year
Pembayaran cuti besar Payment of grand leaves
selama tahun berjalan (77,084) (66,821) during the year
204,021 178,150
Beban cuti besar untuk tahun yang berakhir pada Grand leaves expense for the year ended 31
tanggal 31 Desember 2023 dan 2022 berdasarkan December 2023 and 2022 based on actuarial
perhitungan aktuaria adalah sebagai berikut: calculation are as follows:
2023 2022
Biaya jasa kini 65,008 63,642 Current service cost
Biaya bunga 10,609 11,213 Interest cost
Kerugian/(keuntungan) aktuarial 27,338 (21,187) Actuarial loss/(gain)
Biaya jasa lalu - (967) Past service costs
Jumlah 102,955 52,701 Total
Sensitivitas dari kewajiban manfaat pasti terhadap The sensitivity of defined benefit obligations to
perubahan asumsi aktuaria adalah sebagai berikut: changes in the actuarial assumptions is as follows:
Dampak terhadap kewajiban imbalan kerja/
Impact on employee benefit liabilities
(Kenaikan)/penurunan
manfaat pasti/
Perubahan asumsi/ (Increase)/decrease
31 Desember 2023 Change in assumption benefit obligation 31 December 2023
Tingkat diskonto Kenaikan/increase 1% (41,838) Discount rate
Penurunan/decrease 1% 46,501
Tingkat kenaikan gaji Kenaikan/increase 1% 123,028 Salary increase rate
Penurunan/decrease 1% (96,626)
Dampak terhadap kewajiban imbalan kerja/
Impact on employee benefit liabilities
(Kenaikan)/penurunan
manfaat pasti/
Perubahan asumsi/ (Increase)/decrease
31 Desember 2022 Change in assumption benefit obligation 31 December 2022
Tingkat diskonto Kenaikan/increase 1% (39,262) Discount rate
Penurunan/decrease 1% 43,378
Tingkat kenaikan gaji Kenaikan/increase 1% 107,817 Salary increase rate
Penurunan/decrease 1% (85,544)
Halaman - 111 - Page
654 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 657
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFIT LIABILITIES (continued)
Analisis jatuh tempo yang diharapkan dari manfaat Expected maturity analysis of undiscounted
pensiun yang tidak terdiskonto adalah sebagai pension is as follows:
berikut:
Kurang dari 2 sampai 5
1 tahun/ tahun/ Lebih dari 5
Less than a Between 2 to tahun/ Jumlah/
year 5 years Over 5 years Total
31 Desember 2023 31 December 2023
Pensiun 67,173 313,056 1,720,505 2,100,734 Pension
Cuti besar 88,663 365,172 1,312,773 1,766,608 Grand leaves
Jumlah 155,836 678,228 3,033,278 3,867,342 Total
31 Desember 2022 31 December 2022
Pensiun 63,350 403,838 1,483,153 1,950,341 Pension
Cuti besar 73,138 331,853 1,269,728 1,674,719 Grand leaves
Jumlah 136,488 735,691 2,752,881 3,625,060 Total
Terkait adanya siaran pers DSAK IAI Regarding the DSAK IAI press release
“Pengatribusian Imbalan pada Periode Jasa” pada "Compensation Attribution in the Service Period" in
bulan April 2022, Bank mengubah kebijakan terkait April 2022, the Bank changed the policy related to
atribusi imbalan pensiun pada periode jasa sesuai the attribution of pension compensation in the
ketentuan dalam PSAK 24 untuk pola fakta umum service period in accordance with the provisions in
dari program pensiun berbasis UU Cipta Kerja No. SFAS 24 for the general fact pattern of pension
11/2020 dan PP 35/2021. Dampak perubahan programs based on the UU Cipta Kerja No.
perhitungan tersebut adalah tidak material 11/2020 and PP 35/2021. The impact of the
terhadap Bank, sehingga dibukukan seluruhnya change in calculation is immaterial to the Bank,
pada laporan keuangan pada tahun berjalan. therefore it is recorded entirety in the financial
statements for the current year.
43. JAMINAN PEMERINTAH TERHADAP 43. GOVERNMENT GUARANTEES ON
KEWAJIBAN PEMBAYARAN BANK UMUM OBLIGATIONS OF COMMERCIAL BANKS
Berdasarkan Undang-Undang No. 24 tanggal Based on Law No. 24 dated 22 September 2004
22 September 2004, efektif sejak tanggal effective on 22 September 2005, as amended by
22 September 2005, sebagaimana diubah dengan The Government Regulation of the Republic of
Peraturan Pemerintah Pengganti Undang-Undang Indonesia for Substitute of Law No. 3 dated
Republik Indonesia No. 3 tanggal 13 Oktober 2008, 13 October 2008, the Government established the
Lembaga Penjaminan Simpanan (“LPS”) dibentuk Deposit Insurance Institution (“LPS”) to guarantee
untuk menjamin kewajiban tertentu bank-bank certain liabilities of commercial banks based on the
umum berdasarkan program penjaminan yang prevailing guarantee programs, in which the
berlaku, yang besaran nilai jaminannya dapat guaranteed amount may change if they meet
berubah jika memenuhi kriteria tertentu yang certain specified criteria.
berlaku.
Berdasarkan peraturan LPS No. 2 tanggal 22 Based on LPS Regulation No. 2 dated 22
September 2014 tentang perubahan peraturan September 2014 regarding amendment of LPS
lembaga penjamin simpanan No. 2/PLPS/2010 Regulation No. 2/PLPS/2010 regarding the Deposit
tentang program penjaminan simpanan dimana Guarantee Program, the deposits guaranteed
simpanan yang dijamin meliputi giro wadiah, giro included wadiah demand deposits, mudharabah
mudharabah, tabungan wadiah, tabungan demand deposits, wadiah savings deposits,
mudharabah, deposito mudharabah dan simpanan mudharabah savings deposits, mudharabah time
dari bank lain. deposits and deposits from other banks.
Halaman - 112 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 655
Page 658
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
43. JAMINAN PEMERINTAH TERHADAP 43. GOVERNMENT GUARANTEES ON
KEWAJIBAN PEMBAYARAN BANK UMUM OBLIGATIONS OF COMMERCIAL BANKS
(lanjutan) (continued)
Berdasarkan Peraturan Pemerintah Republik Based on the Government of the Republic of
Indonesia No. 66 tahun 2008 tanggal Indonesia Regulation No. 66 Year 2008
13 Oktober 2008, tentang “Besarnya Nilai dated 13 October 2008, regarding “the Amount of
Simpanan yang Dijamin Lembaga Penjaminan Public Deposits Guaranteed by the Government
Simpanan”, maka pada tanggal Established Deposit Insurance Institution”, as at 31
31 Desember 2023 dan 2022 jumlah simpanan December 2023 and 2022 the amount of deposits
yang dijamin LPS adalah simpanan sampai dengan that are guaranteed by LPS amounted to
Rp2.000.000.000 (nilai penuh) untuk per nasabah Rp2,000,000,000 (full amount) for each customer
per bank. of each bank.
Pada tanggal 31 Desember 2023 dan 2022, Bank As at 31 December 2023 and 2022, the Bank is a
adalah peserta dari program penjaminan tersebut. participant of the government guarantee program.
Beban penjaminan dana pihak ketiga yang Insurance premium related to third party funds paid
dijaminkan kepada LPS adalah Rp530.162 dan to LPS amounted to Rp530,162 and Rp502,448 for
Rp502.448 masing-masing untuk tahun yang the year ended 31 December 2023 and 2022,
berakhir pada tanggal 31 Desember 2023 dan respectively.
2022.
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
Dalam kegiatan normal usaha, Bank melakukan In the normal course of business, the Bank enters
transaksi dengan pihak berelasi. Semua transaksi into certain transactions with related parties. All
dengan pihak berelasi telah dilakukan dengan transactions with related parties have met the
kebijakan dan syarat yang telah disepakati agreed terms and conditions.
bersama.
a. Jenis hubungan a. Type of relationships
Pihak berelasi secara entitas dan/atau Related parties from the entity level and/or
manajemen: management are:
Hubungan pihak berelasi sebagai pemegang Related party relationship as the ultimate
saham utama shareholder
Pemerintah Republik Indonesia melalui The Government of Republic of Indonesia through
Kementerian Keuangan the Ministry of Finance
Hubungan pihak berelasi sebagai pemegang Related party relationship as the controlling
saham pengendali shareholder
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Hubungan pihak berelasi sebagai pemegang
saham Related party relationship as the shareholder
PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
PT BNI Life Insurance PT BNI Life Insurance
PT Mandiri Sekuritas PT Mandiri Sekuritas
DPLK Bank Rakyat Indonesia-Syariah DPLK Bank Rakyat Indonesia-Syariah
Halaman - 113 - Page
656 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 659
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Jenis hubungan (lanjutan) a. Type of relationships (continued)
Entitas dan lembaga pemerintah Government entities and institutions
BPJS Kesehatan BPJS Kesehatan
BPJS Ketenagakerjaan BPJS Ketenagakerjaan
DPLK PT Bank Negara Indonesia (Persero) Tbk DPLK PT Bank Negara Indonesia (Persero) Tbk
Lembaga Pembiayaan Ekspor Indonesia Lembaga Pembiayaan Ekspor Indonesia
Perum BULOG Perum BULOG
Perum DAMRI Perum DAMRI
Perum Jasa Tirta II Perum Jasa Tirta II
Perum LPPNPI Perum LPPNPI
Perum Percetakan Negara Republik Indonesia Perum Percetakan Negara Republik Indonesia
Perum Perhutani Perum Perhutani
Perum Perumnas Perum Perumnas
Perum Peruri Perum Peruri
Perum Produksi Film Negara Perum Produksi Film Negara
Perusahaan Penerbit SBSN Indonesia Perusahaan Penerbit SBSN Indonesia
PT Adhi Commuter Properti Tbk PT Adhi Commuter Properti Tbk
PT Adhi Jalintim Riau PT Adhi Jalintim Riau
PT Adhi Karya (Persero) Tbk PT Adhi Karya (Persero) Tbk
PT Adhi Persada Beton PT Adhi Persada Beton
PT Adhi Persada Gedung PT Adhi Persada Gedung
PT Adhi Persada Properti PT Adhi Persada Properti
PT Aero Globe Indonesia PT Aero Globe Indonesia
PT Aerofood Indonesia PT Aerofood Indonesia
PT Agro Medika Nusantara PT Agro Medika Nusantara
PT Agro Sinergi Nusantara PT Agro Sinergi Nusantara
PT Alur Pelayaran Barat Surabaya PT Alur Pelayaran Barat Surabaya
PT Amarta Karya (Persero) PT Amarta Karya (Persero)
PT Aneka Tambang Tbk PT Aneka Tambang Tbk
PT Angkasa Pura Hotel PT Angkasa Pura Hotel
PT Angkasa Pura I (Persero) PT Angkasa Pura I (Persero)
PT Angkasa Pura II (Persero) PT Angkasa Pura II (Persero)
PT Angkasa Pura Kargo PT Angkasa Pura Kargo
PT Angkasa Pura Logistik PT Angkasa Pura Logistik
PT Angkasa Pura Solusi PT Angkasa Pura Solusi
PT Angkasa Pura Solusi Integra PT Angkasa Pura Solusi Integra
PT Angkasa Pura Supports PT Angkasa Pura Supports
PT Antam Resourcindo PT Antam Resourcindo
PT ASABRI (Persero) PT ASABRI (Persero)
PT ASDP Indonesia Ferry (Persero) PT ASDP Indonesia Ferry (Persero)
PT Asuransi Asei Indonesia PT Asuransi Asei Indonesia
PT Asuransi BRI Life PT Asuransi BRI Life
PT Asuransi Bringin Sejahtera Artamakmur PT Asuransi Bringin Sejahtera Artamakmur
PT Asuransi Jasa Indonesia PT Asuransi Jasa Indonesia
PT Asuransi Jasa Indonesia Syariah PT Asuransi Jasa Indonesia Syariah
PT Asuransi Jasa Raharja (Persero) PT Asuransi Jasa Raharja (Persero)
PT Asuransi Jiwa IFG PT Asuransi Jiwa IFG
PT Asuransi Jiwa Inhealth Indonesia PT Asuransi Jiwa Inhealth Indonesia
PT Asuransi Jiwa Taspen PT Asuransi Jiwa Taspen
PT Asuransi Jiwasraya (Persero) PT Asuransi Jiwasraya (Persero)
PT Asuransi Kredit Indonesia (Persero) PT Asuransi Kredit Indonesia (Persero)
PT Asuransi Tugu Pratama Indonesia Tbk PT Asuransi Tugu Pratama Indonesia Tbk
PT AXA Mandiri Financial Services PT AXA Mandiri Financial Services
PT Bahana Artha Ventura PT Bahana Artha Ventura
PT Bahana Pembinaan Usaha Indonesia PT Bahana Pembinaan Usaha Indonesia
PT Bahana TCW Investment Management PT Bahana TCW Investment Management
PT Bakti Timah Medika PT Bakti Timah Medika
PT Bank Mandiri Taspen PT Bank Mandiri Taspen
PT Bank Tabungan Negara (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk
PT Barata Indonesia (Persero) PT Barata Indonesia (Persero)
PT Baturaja Multi Usaha PT Baturaja Multi Usaha
PT Berdikari PT Berdikari
PT Berdikari Logistik Indonesia PT Berdikari Logistik Indonesia
PT Berkah Industri Mesin Angkat PT Berkah Industri Mesin Angkat
PT Berkah Muti Cargo PT Berkah Muti Cargo
PT Berlian Manyar Sejahtera PT Berlian Manyar Sejahtera
PT Bhanda Ghara Reksa (Persero) PT Bhanda Ghara Reksa (Persero)
Halaman - 114 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 657
Page 660
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Jenis hubungan (lanjutan) a. Type of relationships (continued)
Entitas dan lembaga pemerintah (lanjutan) Government entities and institutions (continued)
PT Bina Karya (Persero) PT Bina Karya (Persero)
PT Bintang Tirta Pratama PT Bintang Tirta Pratama
PT Bio Farma (Persero) PT Bio Farma (Persero)
PT Biro Klasifikasi Indonesia (Persero) PT Biro Klasifikasi Indonesia (Persero)
PT BNI Asset Management PT BNI Asset Management
PT BNI Sekuritas PT BNI Sekuritas
PT Brantas Abipraya (Persero) PT Brantas Abipraya (Persero)
PT BRI Asuransi Indonesia PT BRI Asuransi Indonesia
PT BRI Danareksa Sekuritas PT BRI Danareksa Sekuritas
PT Bukit Asam Medika PT Bukit Asam Medika
PT Bukit Asam Tbk PT Bukit Asam Tbk
PT Bukit Prima Bahari PT Bukit Prima Bahari
PT Bumi Sawindo Permai PT Bumi Sawindo Permai
PT Celebes Railway Indonesia PT Celebes Railway Indonesia
PT Cimanggis Cibitung Tollways PT Cimanggis Cibitung Tollways
PT Citilink Indonesia PT Citilink Indonesia
PT Citra Lautan Teduh PT Citra Lautan Teduh
PT Cut Meutia Medika Nusantara PT Cut Meutia Medika Nusantara
PT Danareksa (Persero) PT Danareksa (Persero)
PT Danareksa Investment Management PT Danareksa Investment Management
PT Dayamitra Telekomunikasi PT Dayamitra Telekomunikasi
PT Djakarta Lloyd (Persero) PT Djakarta Lloyd (Persero)
PT Dok dan Perkapalan Air Kantung PT Dok dan Perkapalan Air Kantung
PT Dok dan Perkapalan Kodja Bahari (Persero) PT Dok dan Perkapalan Kodja Bahari (Persero)
PT Elnusa Petrofin PT Elnusa Petrofin
PT Elnusa Tbk PT Elnusa Tbk
PT Emas Antam Indonesia PT Emas Antam Indonesia
PT Energi Agro Nusantara PT Energi Agro Nusantara
PT Energi Pelabuhan Indonesia PT Energi Pelabuhan Indonesia
PT Energy Management Indonesia (Persero) PT Energy Management Indonesia (Persero)
PT Equiport Inti Indonesia PT Equiport Inti Indonesia
PT Finnet Indonesia PT Finnet Indonesia
PT Fintek Karya Nusantara PT Fintek Karya Nusantara
PT Garuda Indonesia (Persero) Tbk PT Garuda Indonesia (Persero) Tbk
PT Garuda Maintenance Facility Aeroasia PT Garuda Maintenance Facility Aeroasia
PT Graha Investama Bersama PT Graha Investama Bersama
PT Graha Niaga Tata Utama PT Graha Niaga Tata Utama
PT Graha Sarana Duta PT Graha Sarana Duta
PT Griyaton Indonesia PT Griyaton Indonesia
PT Hakaaston PT Hakaaston
PT HK Realtindo PT HK Realtindo
PT Hutama Karya (Persero) PT Hutama Karya (Persero)
PT Indofarma Global Medika PT Indofarma Global Medika
PT Indonesia Asahan Aluminium (Persero) PT Indonesia Asahan Aluminium (Persero)
PT Indonesia Comnets Plus PT Indonesia Comnets Plus
PT Indonesia Kendaraan Terminal Tbk PT Indonesia Kendaraan Terminal Tbk
PT Indonesia Power PT Indonesia Power
PT Indopelita Aircraft Services PT Indopelita Aircraft Services
PT Indra Karya (Persero) PT Indra Karya (Persero)
PT Industri Kapal Indonesia (Persero) PT Industri Kapal Indonesia (Persero)
PT Industri Kereta Api (Persero) PT Industri Kereta Api (Persero)
PT Inhutani IV PT Inhutani IV
PT Inka Multi Solusi PT Inka Multi Solusi
PT Inka Multi Solusi Service PT Inka Multi Solusi Service
PT Inka Multi Solusi Trading PT Inka Multi Solusi Trading
PT Inti Konten Indonesia PT Inti Konten Indonesia
PT Istaka Karya (Persero) PT Istaka Karya (Persero)
PT Jakarta Industrial Estate Pulogadung PT Jakarta Industrial Estate Pulogadung
PT Jalin Pembayaran Nusantara PT Jalin Pembayaran Nusantara
PT Jalintim Adhi Abipraya PT Jalintim Adhi Abipraya
PT Jaminan Kredit Indonesia PT Jaminan Kredit Indonesia
PT Jaminan Pembiayaan Askrindo Syariah PT Jaminan Pembiayaan Askrindo Syariah
PT Jamsostek (Persero) PT Jamsostek (Persero)
PT Jasa Armada Indonesia Tbk PT Jasa Armada Indonesia Tbk
PT Jasa Marga (Persero) Tbk PT Jasa Marga (Persero) Tbk
PT Jasa Prima Logistik Bulog PT Jasa Prima Logistik Bulog
Halaman - 115 - Page
658 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 661
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Jenis hubungan (lanjutan) a. Type of relationships (continued)
Entitas dan lembaga pemerintah (lanjutan) Government entities and institutions (continued)
PT Jasa Raharja PT Jasa Raharja
PT Jasamarga Balikpapan Samarinda PT Jasamarga Balikpapan Samarinda
PT Jasamarga Gempol Pasuruan PT Jasamarga Gempol Pasuruan
PT Jasamarga Jalanlayang Cikampek PT Jasamarga Jalanlayang Cikampek
PT Jasamarga Ngawi Kertosono Kediri PT Jasamarga Ngawi Kertosono Kediri
PT Jasamarga Pandaan Malang PT Jasamarga Pandaan Malang
PT Jasamarga Surabaya Mojokerto PT Jasamarga Surabaya Mojokerto
PT Jasamarga Tollroad Maintenance PT Jasamarga Tollroad Maintenance
PT Jasamarga Tollroad Operator PT Jasamarga Tollroad Operator
PT Jasamarga Transjawa Tol PT Jasamarga Transjawa Tol
PT Jasaraharja Putera PT Jasaraharja Putera
PT Jembatan Nusantara PT Jembatan Nusantara
PT Jasa Tirta Energi PT Jasa Tirta Energi
PT KA Pariwisata PT KA Pariwisata
PT KA Properti Manajemen PT KA Properti Manajemen
PT Kalimantan Jawa Gas PT Kalimantan Jawa Gas
PT Kaltim Daya Mandiri PT Kaltim Daya Mandiri
PT Kaltim Industrial Estate PT Kaltim Industrial Estate
PT Kawasan Berikat Nusantara (Persero) PT Kawasan Berikat Nusantara (Persero)
PT Kawasan Industri Gresik PT Kawasan Industri Gresik
PT Kawasan Industri Makassar (Persero) PT Kawasan Industri Makassar (Persero)
PT Kawasan Industri Terpadu Batang PT Kawasan Industri Terpadu Batang
PT Kawasan Industri Wijayakusuma (Persero) PT Kawasan Industri Wijayakusuma (Persero)
PT KBN Graha Medika PT KBN Graha Medika
PT Kereta Api Indonesia (Persero) PT Kereta Api Indonesia (Persero)
PT Kereta Commuter Indonesia PT Kereta Commuter Indonesia
PT Kharisma Pemasaran Bersama Nusantara PT Kharisma Pemasaran Bersama Nusantara
PT Kilang Pertamina Balikpapan PT Kilang Pertamina Balikpapan
PT Kimia Farma Tbk PT Kimia FarmaTbk
PT Kimia Farma Apotek PT Kimia Farma Apotek
PT Kimia Farma Diagnostik PT Kimia Farma Diagnostik
PT Kimia Farma Trading & Distribution PT Kimia Farma Trading & Distribution
PT Kliring Berjangka Indonesia (Persero) PT Kliring Berjangka Indonesia (Persero)
PT Kodja Terramarin PT Kodja Terramarin
PT Krakatau Bandar Samudera PT Krakatau Bandar Samudera
PT Krakatau Daya Listrik PT Krakatau Daya Listrik
PT Krakatau Industrial Estate Cilegon PT Krakatau Industrial Estate Cilegon
PT Krakatau Jasa Logistik PT Krakatau Jasa Logistik
PT Krakatau Medika PT Krakatau Medika
PT Krakatau National Resources PT Krakatau National Resources
PT Krakatau Perbengkelan dan Perawatan PT Krakatau Perbengkelan dan Perawatan
PT Krakatau Pipe Industries PT Krakatau Pipe Industries
PT Krakatau Sarana Infrastruktur PT Krakatau Sarana Infrastruktur
PT Krakatau Sarana Properti PT Krakatau Sarana Properti
PT Krakatau Steel (Persero) Tbk PT Krakatau Steel (Persero) Tbk
PT Krakatau Tirta Industri PT Krakatau Tirta Industri
PT Krakatau Wajatama PT Krakatau Wajatama
PT Laras Astra Kartika PT Laras Astra Kartika
PT Mandiri AXA General Insurance PT Mandiri AXA General Insurance
PT Mandiri Capital Indonesia PT Mandiri Capital Indonesia
PT Mandiri Manajemen Investasi PT Mandiri Manajemen Investasi
PT Mandiri Tunas Finance PT Mandiri Tunas Finance
PT Mandiri Utama Finance PT Mandiri Utama Finance
PT Mega Eltra PT Mega Eltra
PT Mitra Rakata PT Mitra Rakata
PT Mitra Transaksi Indonesia PT Mitra Transaksi Indonesia
PT Mitra Utama Madani PT Mitra Utama Madani
PT Multi Sentana Baja PT Multi Sentana Baja
PT Multi Terminal Indonesia PT Multi Terminal Indonesia
PT Nindya Karya (Persero) PT Nindya Karya (Persero)
PT Nusa Karya Arindo PT Nusa Karya Arindo
PT Nusantara Medika Utama PT Nusantara Medika Utama
PT Nusantara Regas PT Nusantara Regas
PT Nusantara Sebelas Medika PT Nusantara Sebelas Medika
PT Nusantara Terminal Service PT Nusantara Terminal Service
Halaman - 116 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 659
Page 662
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Jenis hubungan (lanjutan) a. Type of relationships (continued)
Entitas dan lembaga pemerintah (lanjutan) Government entities and institutions (continued)
PT Nusantara Turbin Dan Propulsi PT Nusantara Turbin Dan Propulsi
PT PAL Indonesia (Persero) PT PAL Indonesia (Persero)
PT PAL Marine Service PT PAL Marine Service
PT PANN Pembiayaan Maritim (Persero) PT PANN Pembiayaan Maritim (Persero)
PT Patra Badak Arun Solusi PT Patra Badak Arun Solusi
PT Patra Drilling Contractor PT Patra Drilling Contractor
PT Patra Logistik PT Patra Logistik
PT Patra Nusa Data PT Patra Nusa Data
PT Patra Trading PT Patra Trading
PT Pegadaian PT Pegadaian
PT Pegadaian Galeri Dua Empat PT Pegadaian Galeri Dua Empat
PT Pelabuhan Bukit Prima PT Pelabuhan Bukit Prima
PT Pelabuhan Indonesia (Persero) PT Pelabuhan Indonesia (Persero)
PT Pelabuhan Indonesia I (Persero) PT Pelabuhan Indonesia I (Persero)
PT Pelabuhan Indonesia II (Persero) PT Pelabuhan Indonesia II (Persero)
PT Pelabuhan Indonesia IV (Persero) PT Pelabuhan Indonesia IV (Persero)
PT Pelabuhan Tanjung Priok PT Pelabuhan Tanjung Priok
PT Pelayanan Listrik Nasional Batam PT Pelayanan Listrik Nasional Batam
PT Pelayaran Bahtera Adhiguna PT Pelayaran Bahtera Adhiguna
PT Pelayaran Nasional Indonesia (Persero) PT Pelayaran Nasional Indonesia (Persero)
PT Pelindo Daya Sejahtera PT Pelindo Daya Sejahtera
PT Pelindo Husada Citra PT Pelindo Husada Citra
PT Pelindo Marine Service PT Pelindo Marine Service
PT Pelindo Multi Terminal PT Pelindo Multi Terminal
PT Pelindo Properti Indonesia PT Pelindo Properti Indonesia
PT Pelindo Terminal Petikemas PT Pelindo Terminal Petikemas
PT Pelita Air Service PT Pelita Air Service
PT Pemalang Batang Tol Road PT Pemalang Batang Tol Road
PT Pembangunan PP Tirta Riau PT Pembangunan PP Tirta Riau
PT Pengembang Pelabuhan Indonesia PT Pengembang Pelabuhan Indonesia
PT Pengerukan Indonesia PT Pengerukan Indonesia
PT Pengusahaan Daerah Industri Pulau Batam PT Pengusahaan Daerah Industri Pulau Batam
(Persero) (Persero)
PT Penjaminan Infrastruktur Indonesia (Persero) PT Penjaminan Infrastruktur Indonesia (Persero)
PT Penjaminan Jamkrindo Syariah PT Penjaminan Jamkrindo Syariah
PT Perikanan Nusantara (Persero) PT Perikanan Nusantara (Persero)
PT Perkebunan Nusantara I PT Perkebunan Nusantara I
PT Perkebunan Nusantara II (Persero) PT Perkebunan Nusantara II (Persero)
PT Perkebunan Nusantara III (Persero) PT Perkebunan Nusantara III (Persero)
PT Perkebunan Nusantara IV PT Perkebunan Nusantara IV
PT Perkebunan Nusantara V PT Perkebunan Nusantara V
PT Perkebunan Nusantara VI PT Perkebunan Nusantara VI
PT Perkebunan Nusantara VII PT Perkebunan Nusantara VII
PT Perkebunan Nusantara VIII PT Perkebunan Nusantara VIII
PT Perkebunan Nusantara X PT Perkebunan Nusantara X
PT Perkebunan Nusantara XII PT Perkebunan Nusantara XII
PT Perkebunan Nusantara XIII PT Perkebunan Nusantara XIII
PT Perkebunan Nusantara XIV PT Perkebunan Nusantara XIV
PT Permata Graha Nusantara PT Permata Graha Nusantara
PT Permodalan Nasional Madani (Persero) PT Permodalan Nasional Madani (Persero)
PT Perta Arun Gas PT Perta Arun Gas
PT Pertagas Niaga PT Pertagas Niaga
PT Pertamina (Persero) PT Pertamina (Persero)
PT Pertamina Bina Medika IHC PT Pertamina Bina Medika IHC
PT Pertamina Drilling Services Indonesia PT Pertamina Drilling Services Indonesia
PT Pertamina EP PT Pertamina EP
PT Pertamina EP Cepu PT Pertamina EP Cepu
PT Pertamina Gas PT Pertamina Gas
PT Pertamina Hulu Indonesia PT Pertamina Hulu Indonesia
PT Pertamina Hulu Kalimantan Timur PT Pertamina Hulu Kalimantan Timur
PT Pertamina Hulu Mahakam PT Pertamina Hulu Mahakam
PT Pertamina International Shipping PT Pertamina International Shipping
PT Pertamina Lubricants PT Pertamina Lubricants
PT Pertamina Marine Solution PT Pertamina Marine Solution
PT Pertamina Patra Niaga PT Pertamina Patra Niaga
Halaman - 117 - Page
660 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 663
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Jenis hubungan (lanjutan) a. Type of relationships (continued)
Entitas dan lembaga pemerintah (lanjutan) Government entities and institutions (continued)
PT Pertamina Pedeve Indonesia PT Pertamina Pedeve Indonesia
PT Pertamina Power Indonesia PT Pertamina Power Indonesia
PT Pertamina Retail PT Pertamina Retail
PT Pertamina Trans Kontinental PT Pertamina Trans Kontinental
PT Pertani (Persero) PT Pertani (Persero)
PT Peruri Digital Security PT Peruri Digital Security
PT Peruri Properti PT Peruri Properti
PT Perusahaan Gas Negara Tbk PT Perusahaan Gas Negara Tbk
PT Perusahaan Listrik Negara (Persero) PT Perusahaan Listrik Negara (Persero)
PT Perusahaan Pengelola Aset (Persero) PT Perusahaan Pengelola Aset (Persero)
PT Perusahaan Perdagangan Indonesia (Persero) PT Perusahaan Perdagangan Indonesia (Persero)
PT Pesonna Indonesia Jaya PT Pesonna Indonesia Jaya
PT Pesonna Optima Jasa PT Pesonna Optima Jasa
PT Peteka Karya Tirta PT Peteka Karya Tirta
PT Petrosida Gresik PT Petrosida Gresik
PT PGAS Telekomunikasi Nusantara PT PGAS Telekomunikasi Nusantara
PT Phapros Tbk PT Phapros Tbk
PT PIM Prima Medika PT PIM Prima Medika
PT Pindad (Persero) PT Pindad (Persero)
PT Pindad Enjiniring Indonesia PT Pindad Enjiniring Indonesia
PT Pindad International Logistic PT Pindad International Logistic
PT Pindad Medika Utama PT Pindad Medika Utama
PT PNM Investment Management PT PNM Investment Management
PT PNM Venture Capital PT PNM Venture Capital
PT PNM Ventura Syariah PT PNM Ventura Syariah
PT Pos Indonesia (Persero) PT Pos Indonesia (Persero)
PT Pos Logistik Indonesia PT Pos Logistik Indonesia
PT PP (Persero) Tbk PT PP (Persero) Tbk
PT PP Presisi Tbk PT PP Presisi Tbk
PT PP Properti Tbk PT PP Properti Tbk
PT PP Semarang Demak PT PP Semarang Demak
PT PP Urban PT PP Urban
PT Pratama Mitra Sejati PT Pratama Mitra Sejati
PT Prima Armada Raya PT Prima Armada Raya
PT Prima Husada Cipta Medan PT Prima Husada Cipta Medan
PT Prima Indonesia Logistik PT Prima Indonesia Logistik
PT Prima Medica Nusantara PT Prima Medica Nusantara
PT Prima Multi Terminal PT Prima Multi Terminal
PT Pupuk Indonesia (Persero) PT Pupuk Indonesia (Persero)
PT Pupuk Iskandar Muda PT Pupuk Iskandar Muda
PT Pupuk Kalimantan Timur PT Pupuk Kalimantan Timur
PT Pupuk Kujang Cikampek PT Pupuk Kujang Cikampek
PT Pupuk Sriwidjaja PT Pupuk Sriwidjaja
PT Rajawali Citramass PT Rajawali Citramass
PT Rajawali Nusantara Indonesia (Persero) PT Rajawali Nusantara Indonesia (Persero)
PT Rajawali Nusindo PT Rajawali Nusindo
PT Rajawali Tanjungsari Enjiniring PT Rajawali Tanjungsari Enjiniring
PT Rancang Semesta PT Rancang Semesta
PT Reasuransi Indonesia Utama (Persero) PT Reasuransi Indonesia Utama (Persero)
PT Reasuransi Nasional Indonesia PT Reasuransi Nasional Indonesia
PT Reasuransi Syariah Indonesia PT Reasuransi Syariah Indonesia
PT Rekaindo Global Jasa PT Rekaindo Global Jasa
PT Reska Multi Usaha PT Reska Multi Usaha
PT Riset Perkebunan Nusantara PT Riset Perkebunan Nusantara
PT Rolas Nusantara Medika PT Rolas Nusantara Medika
PT Rumah Sakit Pelabuhan PT Rumah Sakit Pelabuhan
PT Rumah Sakit Pelni PT Rumah Sakit Pelni
PT Sahung Brantas Energi PT Sahung Brantas Energi
PT Saka Energi Indonesia PT Saka Energi Indonesia
PT Sang Hyang Seri (Persero) PT Sang Hyang Seri (Persero)
PT Sarana Bandar Nasional PT Sarana Bandar Nasional
PT Sarana Kaltim Ventura PT Sarana Kaltim Ventura
PT Sarana Multi Infrastruktur (Persero) PT Sarana Multi Infrastruktur (Persero)
PT Sarana Multigriya Finansial (Persero) PT Sarana Multigriya Finansial (Persero)
PT Semen Baturaja (Persero) Tbk PT Semen Baturaja (Persero) Tbk
PT Semen Indonesia (Persero) Tbk
PT Semen Indonesia (Persero) Tbk
Halaman - 118 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 661
Page 664
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Jenis hubungan (lanjutan) a. Type of relationships (continued)
Entitas dan lembaga pemerintah (lanjutan) Government entities and institutions (continued)
PT Semen Indonesia Beton PT Semen Indonesia Beton
PT Semen Padang (Persero) PT Semen Padang (Persero)
PT Sigma Cipta Caraka PT Sigma Cipta Caraka
PT Sigma Cipta Utama PT Sigma Cipta Utama
PT Sinergi Gula Nusantara PT Sinergi Gula Nusantara
PT Sinergi Mitra Investama PT Sinergi Mitra Investama
PT Sinkona Indonesia Lestari PT Sinkona Indonesia Lestari
PT Solusi Bangun Beton PT Solusi Bangun Beton
PT Sri Pamela Medika Nusantara PT Sri Pamela Medika Nusantara
PT Sucofindo PT Sucofindo
PT Sucofindo Episi PT Sucofindo Episi
PT Surabaya Industrial Estate Rungkut PT Surabaya Industrial Estate Rungkut
PT Surveyor Indonesia (Persero) PT Surveyor Indonesia (Persero)
PT Swadharma Sarana Informatika PT Swadharma Sarana Informatika
PT Taman Wisata Candi Borobudur, Prambanan, & PT Taman Wisata Candi Borobudur, Prambanan, &
Ratu Boko (Persero) Ratu Boko (Persero)
PT Taspen (Persero) PT Taspen (Persero)
PT Taspen Abadi Sentosa PT Taspen Abadi Sentosa
PT Telekomunikasi Selular PT Telekomunikasi Selular
PT Telemedia Dinamika Sarana PT Telemedia Dinamika Sarana
PT Telkom Akses PT Telkom Akses
PT Telkom Indonesia (Persero) Tbk PT Telkom Indonesia (Persero) Tbk
PT Telkom Satelit Indonesia PT Telkom Satelit Indonesia
PT Telkomsel Ekosistem Digital PT Telkomsel Ekosistem Digital
PT Telkomsel Mitra Inovasi PT Telkomsel Mitra Inovasi
PT Terminal Petikemas Indonesia PT Terminal Petikemas Indonesia
PT Terminal Petikemas Surabaya PT Terminal Petikemas Surabaya
PT Terminal Teluk Lamong PT Terminal Teluk Lamong
PT Timah Tbk PT Timah Tbk
PT Tirta Tangsel Mandiri PT Tirta Tangsel Mandiri
PT Tugu Pratama Interindo PT Tugu Pratama Interindo
PT United Tractors Semen Gresik PT United Tractors Semen Gresik
PT Varia Usaha Bahari PT Varia Usaha Bahari
PT Varia Usaha Beton PT Varia Usaha Beton
PT Varia Usaha Dharma Segara PT Varia Usaha Dharma Segara
PT Varia Usaha Lintas Segara PT Varia Usaha Lintas Segara
PT Varuna Tirta Prakasya (Persero) PT Varuna Tirta Prakasya (Persero)
PT Waskita Beton Precast Tbk PT Waskita Beton Precast Tbk
PT Waskita Karya (Persero) Tbk PT Waskita Karya (Persero) Tbk
PT Waskita Karya Infrastruktur PT Waskita Karya Infrastruktur
PT Widya Tirta Selaras PT Widya Tirta Selaras
PT Wijaya Karya (Persero) Tbk PT Wijaya Karya (Persero) Tbk
PT Wijaya Karya Bangunan Gedung Tbk PT Wijaya Karya Bangunan Gedung Tbk
PT Wijaya Karya Beton Tbk PT Wijaya Karya Beton Tbk
PT Wijaya Karya Bitumen PT Wijaya Karya Bitumen
PT Wijaya Karya Industri dan Konstruksi PT Wijaya Karya Industri dan Konstruksi
PT Wijaya Karya Komponen Beton PT Wijaya Karya Komponen Beton
PT Wijaya Karya Realty PT Wijaya Karya Realty
PT Wijaya Karya Rekayasa Konstruksi PT Wijaya Karya Rekayasa Konstruksi
PT Wijaya Karya Serang Panimbang PT Wijaya Karya Serang Panimbang
Pengendalian kegiatan Perusahaan Control on Company’s activities
Karyawan kunci Key employees
Halaman - 119 - Page
662 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 665
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi dengan pihak berelasi b. Transactions with related parties
Dalam kegiatan perbankan, Bank melakukan For banking activities, the Bank has performed
transaksi dengan pihak berelasi sebagai the following transactions with related parties
berikut: as follows:
2023 2022
Aset Assets
Giro dan penempatan Current accounts and placements
pada bank lain (Catatan 6) with other banks (Note 6)
Pemegang saham pengendali 71,545 81,770 Controlling shareholders
Pemegang saham 33,695 68,745 Shareholders
105,240 150,515
Investasi pada surat berharga Investments in marketable securities
(Catatan 7) (Note 7)
Pemegang saham utama 44,361,541 48,185,551 Ultimate shareholders
Pemegang saham pengendali 97,775 41,377 Controlling shareholders
Pemegang saham 50,017 22,259 Shareholders
Entitas dan lembaga pemerintah 1,054,180 259,000 Government entities and institutions
45,563,513 48,508,187
Tagihan akseptasi (Catatan 8) Acceptance receivables (Note 8)
Pemegang saham pengendali 30,910 51,741 Controlling shareholders
Pemegang saham 30,700 12,946 Shareholders
Entitas dan lembaga pemerintah 125,544 41,925 Government entities and institutions
187,154 106,612
Piutang murabahah (Catatan 9) Murabahah receivables (Note 9)
Entitas dan lembaga pemerintah 91,991 207,153 Government entities and institutions
Karyawan kunci 19,721 18,020 Key employees
111,712 225,173
Piutang ijarah (Catatan 9) Ijarah receivables (Note 9)
Entitas dan lembaga pemerintah 1,159 - Government entities and institutions
Pinjaman qardh (Catatan 10) Funds of qardh (Note 10)
Entitas dan lembaga pemerintah 1,837,225 1,699,879 Government entities and institutions
Karyawan kunci 1,771 1,298 Key employees
1,838,996 1,701,177
Pembiayaan mudharabah (Catatan 11) Mudharabah financing (Note 11)
Entitas dan lembaga pemerintah 1,000,000 225,222 Government entities and institutions
Pembiayaan musyarakah (Catatan 12) Musyarakah financing (Note 12)
Entitas dan lembaga pemerintah 24,702,709 21,854,092 Government entities and institutions
Karyawan kunci 60,761 28,826 Key employees
24,763,470 21,882,918
Jumlah aset dari pihak berelasi 73,571,244 72,799,804 Total assets from related parties
Jumlah aset 353,624,124 305,727,438 Total assets
Persentase jumlah aset dari
pihak berelasi terhadap Percentage of total assets from
jumlah aset 20.80% 23.81% related parties to total assets
Halaman - 120 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 663
Page 666
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi dengan pihak berelasi (lanjutan) b. Transaction with related parties (continued)
Dalam kegiatan perbankan, Bank melakukan For banking activities, the Bank has
transaksi dengan pihak berelasi sebagai performed the following transactions with
berikut: (lanjutan) related parties as follows: (continued)
2023 2022
Liabilitas Liabilities
Liabilitas segera (Catatan 16) Obligations due immediately (Note 16)
Pemegang saham pengendali 171,220 124,327 Controlling shareholders
Simpanan wadiah Wadiah deposits
Giro wadiah (Catatan 18) Wadiah demand deposits (Note 18)
Pemegang saham utama 1,028,825 775,353 Ultimate shareholders
Pemegang saham 317 164 Shareholders
Entitas dan lembaga Government entities and
pemerintah 1,794,526 1,634,538 institutions
Karyawan kunci 191 101 Key employees
2,823,859 2,410,156
Tabungan wadiah (Catatan 19) Wadiah savings deposits (Note 19)
Entitas dan lembaga Government entities and
pemerintah 360 1,572 institutions
Karyawan kunci 9,803 11,175 Key employees
10,163 12,747
Jumlah simpanan wadiah 2,834,022 2,422,903 Total wadiah deposits
Simpanan dari bank lain (Catatan 20) Deposits from other banks (Note 20)
Giro wadiah Wadiah demand deposits
Pemegang saham pengendali - 22 Controlling shareholders
Pemegang saham 73 7 Shareholders
Entitas dan lembaga pemerintah 1,280 2,270 Government entities and institutions
1,353 2,299
Sertifikat Investasi Mudharabah Interbank Mudharabah
Antar Bank (“SIMA”) Investment Certificate (“SIMA”)
Pemegang saham pengendali 50,000 200,000 Controlling shareholders
Pemegang saham 176,985 400,000 Shareholders
226,985 600,000
Jumlah simpanan bank lain 228,338 602,299 Total deposits from other banks
Liabilitas akseptasi Acceptance liabilities
Pemegang saham pengendali 69,371 5,959 Controlling shareholders
Pemegang saham 27,251 23,012 Shareholders
Entitas dan lembaga pemerintah 47,283 51,371 Government entities and institutions
143,905 80,342
Liabilitas imbalan kerja Employee benefit liabilities
Karyawan kunci 38,846 20,596 Key employees
Jumlah liabilitas dari Total liabilities
pihak berelasi 3,416,331 3,250,467 from related parties
Jumlah liabilitas 87,222,911 73,655,791 Total liabilities
Persentase jumlah liabilitas
dari pihak berelasi Percentage of total liabilities from
terhadap jumlah liabilitas 3.92% 4.41% related parties to total liabilities
Halaman - 121 - Page
664 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 667
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. TRANSAKSI DENGAN PIHAK BERELASI 44. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi dengan pihak berelasi (lanjutan) b. Transaction with related parties (continued)
Dalam kegiatan perbankan, Bank melakukan For banking activities, the Bank has performed
transaksi dengan pihak berelasi sebagai the following transactions with related parties
berikut: (lanjutan) as follows: (continued)
2023 2022
Dana syirkah temporer Temporary syirkah funds
Giro mudharabah (Catatan 24) Mudharabah demand deposits (Note 24)
Pemegang saham utama 4,130,335 4,834,703 Ultimate shareholders
Pemegang saham 19,594 43,064 Shareholders
Entitas dan lembaga pemerintah 13,431,882 8,864,502 Government entities and institutions
17,581,811 13,742,269
Tabungan mudharabah Mudharabah savings deposits
(Catatan 25) (Note 25)
Pemegang saham 3 75 Shareholders
Entitas dan lembaga pemerintah 161,403 57,174 Government entities and institutions
Karyawan kunci 30,261 28,825 Key employees
191,667 86,074
Deposito mudharabah Mudharabah time deposits
(Catatan 26) (Note 26)
Pemegang saham 36,450 123,150 Shareholders
Entitas dan lembaga pemerintah 28,280,905 17,960,128 Government entities and institutions
Karyawan kunci 38,697 53,232 Key employees
28,356,052 18,136,510
Sukuk mudharabah Subordinated sukuk
subordinasi (Catatan 27) mudharabah (Note 27)
Pemegang saham - 56,000 Shareholders
Entitas dan lembaga pemerintah 25,000 544,000 Government entities and institutions
25,000 600,000
Jumlah dana syirkah temporer Total temporary syirkah funds
dari pihak berelasi 46,154,530 32,564,853 from related parties
Jumlah dana syirkah temporer 227,662,092 198,566,037 Total temporary syirkah funds
Persentase jumlah dana syirkah
temporer dari pihak berelasi Percentage of total temporary syirkah
terhadap jumlah dana funds from related parties to
syirkah temporer 20.27% 16.40% total temporary syirkah funds
Gaji dan tunjangan, bonus dan tantiem, imbalan Salaries and allowances, bonuses and tantiem,
jangka panjang untuk Dewan Komisaris dan Direksi long-term benefits for the Board of Commissioners
untuk tahun yang berakhir pada tanggal and the Board of Directors for the years ended
31 Desember 2023 dan 2022 sebesar Rp152.251 31 December 2023 and 2022 are Rp152,251 and
dan Rp116.106 atau 1,49% dan 1,17% dari jumlah Rp116,106 or 1.49% and 1.17% of total operating
beban operasional. expenses.
Halaman - 122 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 665
Page 668
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO 45. RISK MANAGEMENT
Bank dalam menjalankan usahanya senantiasa In running its business, the Bank is always faced
dihadapkan pada berbagai risiko. Perkembangan with various risks. Rapid developments in the
yang pesat pada lingkungan eksternal dan internal Bank's external and internal environment have also
Bank juga menyebabkan risiko yang dihadapi Bank caused the risks faced by the Bank to become
menjadi semakin kompleks. Maka dari itu, agar increasingly complex. Therefore, in order to be
dapat beradaptasi dan mampu bersaing dalam able to adapt and be able to compete in the
lingkungan bisnis, Bank dituntut untuk mampu business environment, the Bank is required to be
menerapkan manajemen risiko yang andal dan able to implement reliable and systematic risk
sistematis. Prinsip-prinsip manajemen risiko yang management. The applied risk management
diterapkan harus dapat mendukung Bank untuk principles must be able to support the Bank in
lebih berhati-hati seiring dengan perkembangan being more prudent in line with the increasingly
kegiatan usaha dan operasional perbankan yang advanced developments in business activities and
semakin maju. banking operations.
a. Risiko kredit a. Credit risk
Risiko kredit adalah risiko akibat kegagalan Credit risk is the risk due to the failure of
nasabah atau pihak lain dalam memenuhi customers or other parties to fulfill their
kewajiban kepada Bank sesuai dengan obligations to the Bank in accordance with the
perjanjian yang disepakati. agreed contract.
Pengelolaan risiko kredit yang dilakukan Bank The credit risk management carried out by the
antara lain dengan meningkatkan Bank are by improving the balance between
keseimbangan antara ekspansi pembiayaan healthy financing expansion and financing
yang sehat dan pengelolaan pembiayaan management by taking into account the
dengan memperhatikan prinsip prudensialitas principle of prudentiality to avoid a decrease in
agar terhindar dari penurunan kualitas the quality of financing. In addition, the Bank
pembiayaan. Selain itu, Bank juga berupaya also seeks to reduce credit risk exposure
untuk mengurangi eksposur risiko kredit, di through various credit risk mitigation by using a
antaranya melalui berbagai langkah mitigasi number of techniques, such as collateral and
risiko kredit dengan menggunakan sejumlah third party guarantees to reduce the impact of
teknik seperti agunan dan jaminan pihak ketiga risk. Credit risk mitigation techniques allow the
untuk mengurangi dampak risiko. Teknik Bank to be protected from deteriorating
mitigasi risiko kredit memungkinkan Bank financing quality.
untuk terlindungi dari terjadinya pemburukan
kualitas kredit.
Bank melakukan pengelolaan risiko kredit The Bank manages credit risk by:
melalui:
a. Pembiayaan Wholesale a. Wholesale Financing
1. Perencanaan Pembiayaan 1. Financing Planning
a) Setting risk koridor a) Setting risk corridor
b) Fokus sektor industri b) Industry sector focus
c) Targeted customer dan client c) Targeted customer and client
tiering tiering
d) Manajemen limit dan manajemen d) Limit and Pipeline Management
pipeline
e) Portfolio guideline e) Portfolio guideline
2. Proses Akuisisi 2. Acquisition Process
a) Proses analisa nasabah yang a) Comprehensive customer’s due
komprehensif diligence
b) Assessment risiko nasabah b) Risk assessment for wholesale
pembiayaan wholesale melalui financing customers through
rating ratings
c) Proses keputusan dengan four c) The four eyes principle
eyes principle implementation
d) Pemahaman dan penguasaan d) Understanding and mastery of
proses bisnis business process
e) Risk mitigation melalui term & e) Risk mitigation by term & condition
condition dan covenant and covenant
3. Pemeliharaan & Pemantauan Intensif 3. Maintenance & Intensive Monitoring
a) Monitoring portfolio mix a) Portfolio mix monitoring
b) Account mapping dan klasifikasi b) Mapping account and risk
risiko classification
c) Reviu tahunan c) Annual review
Halaman - 123 - Page
666 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 669
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
Bank melakukan pengelolaan risiko kredit The Bank manages credit risk by: (continued)
melalui: (lanjutan)
a. Pembiayaan Wholesale (lanjutan) a. Wholesale Financing (continued)
3. Pemeliharaan & Pemantauan Intensif 3. Maintenance & Intensive Monitoring
(lanjutan) (continued)
d) Watchlist alert d) Watchlist alert
e) Evaluasi Financing Risk Rating e) Financing Risk Rating Evaluation
f) Evaluasi Cadangan Kerugian f) Allowance for Impairment Losses
Penurunan Nilai (“CKPN”) Evaluation (“CKPN”)
g) Pemantauan pemenuhan g) Covenant fulfillment monitoring
covenant
h) Pemantauan second way out h) Second way out monitoring
4. Optimal Collection & Recovery 4. Optimal Collection & Recovery
a) Restrukturisasi a) Restructuring
b) Pemetaan nasabah sesuai b) Customer mapping based on
kuadran dan penetapan strategi quadrants and setting strategy as
serta action plan well as action plan
c) Penyiapan infrastruktur & sistem c) Preparation of Collection &
Collection & Recovery Recovery infrastructure & systems
d) Pemantauan NPF dan Write Off d) NPF and Write Off monitoring
e) Program Booster Collection & e) Booster Collection & Recovery
Recovery Program
b. Pembiayaan Ritel b. Retail Financing
1. Perencanaan Pembiayaan 1. Financing Planning
a) Fokus sektor, khusus untuk SME a) Sector focus, especially for SME
b) Fokus segmen & targeted b) Segment focus & targeted
customer customer
c) Penetapan RAC & fitur produk c) RAC & product features setting
d) Program produk d) Product program
e) Portfolio Guideline e) Portfolio Guideline
2. Proses Akuisisi 2. Acquisition Process
a) Memastikan akuisisi nasabah a) Ensuring customer acquisition
sesuai target pasar, fitur produk based on target market, product
dan RAC features and RAC
b) Assessment risiko nasabah b) Risk assessment for retail
pembiayaan ritel melalui scoring financing customers through
scoring
c) Implementasi four eyes principle c) The four eyes principle
implementation
d) Proses verifikasi: pendapatan, d) Verification process: income,
dokumen dan nasabah document and customer
e) Implementasi scoring model e) Scoring model implementation
3. Pemeliharaan & Pemantauan Intensif 3. Maintenance & Intensive Monitoring
a) Pemantauan portofolio dan a) Portfolio and quality monitoring
kualitas
b) Reviu Watchlist dan reviu tahunan b) Watchlist review and annual
(batas SME > Rp5.000) review (SME limit > Rp5,000)
c) Pemeliharaan Scoring System c) Scoring System Maintenance
d) Pemantauan post transaction: d) Post transaction monitoring:
covenant, second way out, covenant, second way out,
committed to payroll, Perjanjian committed to payroll, Non-Payroll
Kerjasama Non-payroll, hasil Cooperation Agreement,
welcoming call welcoming call result
4. Optimal Collection & Recovery 4. Optimal Collection & Recovery
a) Restrukturisasi a) Restructuring
b) Mobile Collection b) Mobile Collection
c) Peningkatan sistem collection c) Enhancement collection system
d) Pemantauan NPF dan WO d) NPF and WO monitoring
e) Program Booster Collection & e) Booster Collection & Recovery
Recovery program
f) Pemantauan Sistem Klaim & f) Claim & Subrogation Monitoring
Subrogasi System
Halaman - 124 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 667
Page 670
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(i) Kualitas aset keuangan (i) Financial assets quality
Tabel di bawah menunjukkan kualitas aset The following tables show the quality of
keuangan berdasarkan golongan aset financial assets by asset class for all
untuk semua aset keuangan yang financial assets exposed by credit risk
mempunyai risiko kredit (diluar cadangan (excluding allowance for impairment
kerugian penurunan nilai): losses):
31 Desember/December 2023
Telah jatuh
Belum jatuh tempo atau tempo tetapi
tidak mengalami penurunan tidak
nilai/Neither past due mengalami
nor impaired penurunan
nilai/ Mengalami
Tingkat Past due penurunan
Tingkat tinggi/ standar/ but not nilai/ Jumlah/
High grade Standard grade impaired Impaired Total
Aset Assets
Giro dan penempatan pada Current accounts and placements
Bank Indonesia 32,440,778 - - - 32,440,778 with Bank Indonesia
Giro dan penempatan pada Current accounts and placements
bank lain 2,324,473 - - - 2,324,473 with other banks
Investments in marketable
Investasi pada surat berharga 71,301,526 - - - 71,301,526 securities
Tagihan akseptasi 431,228 - - - 431,228 Acceptance receivables
Piutang murabahah 127,357,014 4,037,793 2,168,075 2,940,214 136,503,096 Murabahah receivables
Piutang istishna 29 - - 1 30 Istishna receivables
Piutang ijarah 199,239 3,350 2,820 12,991 218,400 Ijarah receivables
Pinjaman qardh 10,493,267 478,080 42,477 293,257 11,307,081 Funds of qardh
Pembiayaan mudharabah 1,806,298 10,490 33,101 31,244 1,881,133 Mudharabah financing
Pembiayaan musyarakah 76,378,227 7,476,673 2,673,552 1,687,745 88,216,197 Musyarakah financing
Aset lain-lain*) 1,062,912 18,501 10,550 - 1,091,963 Other assets*)
323,794,991 12,024,887 4,930,575 4,965,452 345,715,905
31 Desember/December 2022
Telah jatuh
Belum jatuh tempo atau tempo tetapi
tidak mengalami penurunan tidak
nilai/Neither past due mengalami
nor impaired penurunan
nilai/ Mengalami
Tingkat Past due penurunan
Tingkat tinggi/ standar/ but not nilai/ Jumlah/
High grade Standard grade impaired Impaired Total
Aset Assets
Giro dan penempatan pada Current accounts and placements
Bank Indonesia 31,778,458 - - - 31,778,458 with Bank Indonesia
Giro dan penempatan pada Current accounts and placements
bank lain 2,491,492 - - - 2,491,492 with other banks
Investments in marketable
Investasi pada surat berharga 57,851,905 - - - 57,851,905 securities
Tagihan akseptasi 481,403 - - - 481,403 Acceptance receivables
Piutang murabahah 112,067,103 7,862,535 2,122,392 2,821,326 124,873,356 Murabahah receivables
Piutang istishna 129 - 3 - 132 Istishna receivables
Piutang ijarah - - 643 12,635 13,278 Ijarah receivables
Pinjaman qardh 8,673,530 657,100 61,296 309,683 9,701,609 Funds of qardh
Pembiayaan mudharabah 990,919 20,801 10,208 19,469 1,041,397 Mudharabah financing
Pembiayaan musyarakah 58,800,779 8,988,006 996,149 1,805,577 70,590,511 Musyarakah financing
Aset lain-lain*) 1,039,679 11,551 7,494 - 1,058,724 Other assets*)
274,175,397 17,539,993 3,198,185 4,968,690 299,882,265
*) *)
Aset lain-lain terdiri atas piutang pendapatan yang masih akan diterima Other assets consist of income receivables
Halaman - 125 - Page
668 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 671
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(i) Kualitas aset keuangan (lanjutan) (i) Financial assets quality (continued)
Kualitas aset keuangan didefinisikan Financial assets quality are defined as
sebagai berikut: follows:
Tingkat tinggi High grade
(a) Giro dan penempatan pada Bank (a) Current accounts and placements
Indonesia, giro dan penempatan with Bank Indonesia, current
pada bank lain yaitu giro atau accounts and placements with other
penempatan pada institusi banks are current accounts or
Pemerintah, institusi Pemerintah placements with the Government
Daerah, bank yang terdaftar di bursa institutions, Local Government
serta transaksi dengan bank yang institutions, banks listed on the stock
memiliki reputasi baik dengan exchange and transactions with
tingkat kemungkinan gagal bayar reputable banks with low probability
atas kewajiban yang rendah. of default on liabilities.
(b) Investasi pada surat berharga yaitu (b) Investments in marketable securities
surat berharga yang diterbitkan oleh are securities issued by
Pemerintah, efek-efek dan obligasi Government, securities and bonds
yang termasuk dalam investment that are included in investment
grade dengan rating minimal idBBB grade with rating at least idBBB
(Pefindo), BBB+ (S&P), Baa1 (Pefindo), BBB+ (S&P), Baa1
(Moody’s) atau BBB+ (Fitch). (Moody’s) or BBB+ (Fitch).
(c) Pembiayaan, piutang, dan pinjaman (c) Financing, receivables and funds
yaitu pembiayaan, piutang, dan are financing, receivables and funds
pinjaman kepada debitur dengan to debtors with excellent payments
riwayat pembayaran yang sangat history and never being in arrears
baik dan tidak pernah menunggak throughout the financing period and
sepanjang jangka waktu debtors whose accounts has never
pembiayaan dan debitur dengan been restructured.
riwayat tidak pernah
direstrukturisasi.
(d) Aset lain-lain yaitu piutang kepada (d) Other assets are receivables from
Pemerintah (termasuk Bank Government (including Bank
Indonesia) atau Pemerintah Daerah Indonesia) or local government such
seperti piutang pendapatan yang as income receivables.
masih akan diterima.
Tingkat standar Standard grade
(a) Giro dan penempatan pada bank (a) Current accounts and placements
lain yaitu giro atau penempatan with other banks are current
pada bank yang tidak terdaftar di accounts or placements with non-
bursa. listed banks.
(b) Investasi pada surat berharga yaitu (b) Investments in marketable securities
surat berharga yang termasuk dalam are non-investment grade securities
non-investment grade dengan rating with a minimum rating of idBB
minimal idBB (Pefindo), BBB- (S&P), (Pefindo), BBB- (S&P), Baa3
Baa3 (Moody’s) atau BBB- (Fitch). (Moody’s) or BBB- (Fitch).
(c) Pembiayaan, piutang, dan pinjaman (c) Financing, receivables and
yaitu pembiayaan, piutang, dan funds are financing, receivables and
pinjaman kepada debitur dengan funds to debtors with a good
riwayat pembayaran yang baik dan payment history and debtors whose
debitur dengan riwayat pernah accounts have been restructured.
direstrukturisasi.
Halaman - 126 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 669
Page 672
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(i) Kualitas aset keuangan (lanjutan) (i) Financial assets quality (continued)
Kualitas aset keuangan didefinisikan Financial assets quality are defined as
sebagai berikut: (lanjutan) follows: (continued)
Tingkat standar (lanjutan) Standard grade (continued)
(d) Aset lain-lain yaitu aset keuangan (d) Other assets are financial assets
lainnya selain piutang pendapatan other than income receivables from
yang masih akan diterima kepada Government or Local Government
Pemerintah atau Pemerintah Daerah such as other receivables to third
seperti tagihan rupa-rupa kepada parties.
pihak ketiga lainnya.
Berdasarkan PSAK 60, aset keuangan According to SFAS 60, past due financial
yang telah jatuh tempo ditentukan ketika assets are determined when the debtor
debitur gagal melakukan pembayaran fails to make payments on schedule. The
sesuai jadwal. Tabel di bawah table below shows aging analysis of past
menunjukkan aging analysis terhadap due but not impaired of financial assets:
aset keuangan yang diberikan yang telah
jatuh tempo tetapi tidak mengalami
penurunan nilai:
31 Desember/December 2023
≤ 30 hari/ 31 - 60 hari/ 61 - 90 hari/ Jumlah/
days days days Total
Piutang murabahah 1,001,039 583,144 583,892 2,168,075 Murabahah receivables
Piutang ijarah 903 600 1,317 2,820 Ijarah receivables
Pinjaman qardh 29,839 10,807 1,831 42,477 Funds of qardh
Pembiayaan mudharabah 1,099 638 31,364 33,101 Mudharabah financing
Pembiayaan musyarakah 2,582,953 51,627 38,972 2,673,552 Musyarakah financing
Aset lain-lain*) 5,661 2,050 2,839 10,550 Other assets*)
3,621,494 648,866 660,215 4,930,575
31 Desember/December 2022
≤ 30 hari/ 31 - 60 hari/ 61 - 90 hari/ Jumlah/
days days days Total
Piutang murabahah 1,238,672 499,989 383,731 2,122,392 Murabahah receivables
Piutang istishna - 3 - 3 Istishna receivables
Piutang ijarah 155 180 308 643 Ijarah receivables
Pinjaman qardh 52,786 6,877 1,633 61,296 Funds of qardh
Pembiayaan mudharabah 10,208 - - 10,208 Mudharabah financing
Pembiayaan musyarakah 477,172 36,502 482,475 996,149 Musyarakah financing
Aset lain-lain*) 5,104 1,314 1,076 7,494 Other assets*)
1,784,097 544,865 869,223 3,198,185
*) *)
Aset lain-lain terdiri atas piutang pendapatan yang masih akan diterima Other assets consist of income receivables
Halaman - 127 - Page
670 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 673
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(ii) Analisis konsentrasi risiko (ii) Risk concentration analysis
(a) Sektor geografis (a) Geographical sectors
Tabel berikut menggambarkan The following tables show the details
rincian eksposur kredit yang of credit exposures categorised
dikategorikan berdasarkan wilayah by geographical area as at
geografis pada tanggal 31 December 2023 and 2022. The
31 Desember 2023 dan 2022. geographical area grouping is based
Pengelompokan wilayah geografis on the Bank’s business operations
berdasarkan tempat beroperasinya which also illustrates the business
bisnis Bank yang sekaligus potential of each region:
menggambarkan potensial bisnis
wilayah masing-masing:
31 Desember/December 2023
Indonesia Timur
dan Bali/
Kalimantan/ East Indonesia Lainnya/ Jumlah/
Jabodetabek Jawa/Java*) Sumatera Borneo and Bali Others Total
Aset Assets
Giro dan penempatan pada Current accounts and placements
Bank Indonesia 32,440,778 - - - - - 32,440,778 with Bank Indonesia
Giro dan penempatan pada Current accounts and placements
bank lain 2,322,303 2 13 74 2,081 - 2,324,473 with other banks
Investasi pada Investments in
surat berharga 71,195,560 61,872 44,094 - - - 71,301,526 marketable securities
Tagihan akseptasi 356,695 71,495 3,038 - - - 431,228 Acceptance receivables
Piutang murabahah 37,811,118 30,959,995 41,321,128 11,954,658 14,456,197 - 136,503,096 Murabahah receivables
Piutang istishna 2 28 - - - - 30 Istishna receivables
Piutang ijarah 29,265 53,075 61,278 7,835 66,947 - 218,400 Ijarah financing
Pinjaman qardh 5,569,913 2,151,760 1,428,816 609,006 1,547,586 - 11,307,081 Funds of qardh
Pembiayaan mudharabah 1,179,774 595,881 94,688 84 10,706 - 1,881,133 Mudharabah financing
Pembiayaan musyarakah 54,344,974 14,085,060 13,197,814 3,082,719 3,349,587 156,043 88,216,197 Musyarakah financing
**)
Aset lain-lain 952,061 48,854 33,252 11,293 46,503 - 1,091,963 Other assets**)
206,202,443 48,028,022 56,184,121 15,665,669 19,479,607 156,043 345,715,905
Cadangan kerugian Allowance for
penurunan nilai (9,846,025) impairment losses
Neto 335,869,880 Net
Rekening administratif Administrative accounts
Fasilitas pembiayaan
yang belum digunakan 1,639,164 140,823 91,820 17,154 4,388 - 1,893,349 Unused financing facility
Letter of Credit 325,605 40,370 - - - - 365,975 Letter of Credit
Bank garansi yang diterbitkan 1,943,765 243,687 531,167 52,231 66,988 - 2,837,838 Bank guarantees issued
3,908,534 424,880 622,987 69,385 71,376 - 5,097,162
31 Desember/December 2022
Indonesia
Timur dan Bali/
Kalimantan/ East Indonesia Jumlah/
*)
Jabodetabek Jawa/Java Sumatera Borneo and Bali Total
Aset Assets
Giro dan penempatan Current accounts
pada Bank Indonesia 31,778,458 - - - - 31,778,458 and placements with Bank Indonesia
Current accounts
Giro dan penempatan pada bank lain 2,490,753 2 13 1 723 2,491,492 and placements with other banks
Investasi pada surat berharga 57,788,176 52,147 11,582 - - 57,851,905 Investments in marketable securities
Tagihan akseptasi 400,926 80,265 212 - - 481,403 Acceptance receivables
Piutang murabahah 32,854,830 28,464,404 38,535,064 11,473,145 13,545,913 124,873,356 Murabahah receivables
Piutang istishna 89 43 - - - 132 Istishna receivables
Piutang ijarah 4,139 2,583 5,871 208 477 13,278 Ijarah financing
Pinjaman qardh 5,020,282 1,728,258 1,148,026 557,172 1,247,871 9,701,609 Funds of qardh
Pembiayaan mudharabah 164,623 596,759 267,013 732 12,270 1,041,397 Mudharabah financing
Pembiayaan musyarakah 46,087,227 10,887,839 8,795,121 2,799,858 2,020,466 70,590,511 Musyarakah financing
Aset lain-lain**) 940,830 39,425 26,441 9,490 42,538 1,058,724 Other assets**)
177,530,333 41,851,725 48,789,343 14,840,606 16,870,258 299,882,265
Cadangan kerugian penurunan nilai (9,229,411) Allowance for impairment losses
Neto 290,652,854 Net
Rekening Administratif Administrative accounts
Fasilitas pembiayaan
yang belum digunakan 1,534,261 121,925 182,605 19,391 3,626 1,861,808 Unused financing facility
Letter of Credit 157,620 24,611 - - - 182,231 Letter of Credit
Bank garansi yang diterbitkan 1,790,588 303,550 527,341 43,760 43,549 2,708,788 Bank guarantees issued
3,482,469 450,086 709,946 63,151 47,175 4,752,827
*) *)
Pulau Jawa tidak termasuk area Jabodetabek Java island excludes Jabodetabek area
**) **)
Aset lain-lain terdiri atas piutang pendapatan yang masih akan diterima Other assets consist of income receivables
Halaman - 128 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 671
Page 674
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(ii) Analisis konsentrasi risiko (lanjutan) (ii) Risk concentration analysis (continued)
(b) Sektor industri (b) Industrial sector
Tabel berikut menggambarkan The following tables show the details
rincian eksposur kredit pada nilai of the credit exposure at the carrying
tercatat yang dikategorikan amount categorised by industrial
berdasarkan sektor industri pada sector as at 31 December 2023 and
tanggal 31 Desember 2023 dan 2022:
2022:
31 Desember/December 2023
Pemerintah
(termasuk Bank dan
Bank lembaga
Indonesia)/ keuangan
Government lainnya/ Perusahaan
(including Banks and lainnya/
Bank other financial Other Perseorangan/ Jumlah/
Indonesia) institutions companies Individuals Total
Aset Assets
Current accounts and
Giro dan penempatan pada placements with
Bank Indonesia 32,440,778 - - - 32,440,778 Bank Indonesia
Giro dan penempatan Current accounts and
pada bank lain - 2,324,473 - - 2,324,473 placement with other banks
Investments in
Investasi pada surat berharga 68,666,168 1,925,650 709,708 - 71,301,526 marketable securities
Tagihan akseptasi - 82,801 348,427 - 431,228 Acceptance receivables
Piutang murabahah 43,301 101,798 8,575,481 127,782,516 136,503,096 Murabahah receivables
Piutang istishna - - - 30 30 Istishna receivables
Piutang ijarah - - 1,285 217,115 218,400 Ijarah financing
Pinjaman qardh 1,434,965 - 3,440,996 6,431,120 11,307,081 Funds of qardh
Pembiayaan mudharabah 1,000,000 386,022 489,398 5,713 1,881,133 Mudharabah financing
Pembiayaan musyarakah 15,443,670 989,886 47,461,747 24,320,894 88,216,197 Musyarakah financing
Aset lain-lain*) 898,276 1,844 39,219 152,624 1,091,963 Other assets*)
119,927,158 5,812,474 61,066,261 158,910,012 345,715,905
Cadangan kerugian Allowance for
penurunan nilai (9,846,025) impairment losses
Neto 335,869,880 Net
Rekening Administratif Administrative Accounts
Fasilitas pembiayaan yang Unused financing
belum digunakan 85,700 1,332,153 385,595 89,901 1,893,349 facility
Letter of Credit 23,845 - 342,130 - 365,975 Letter of Credit
Bank garansi yang diterbitkan 571,247 88,393 2,153,323 24,875 2,837,838 Bank guarantees issued
680,792 1,420,546 2,881,048 114,776 5,097,162
*) *)
Aset lain-lain terdiri atas piutang pendapatan yang masih akan diterima Other assets consist of income receivables
Halaman - 129 - Page
672 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 675
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(ii) Analisis konsentrasi risiko (lanjutan) (ii) Risk concentration analysis (continued)
(b) Sektor industri (lanjutan) (b) Industrial sector (continued)
Tabel berikut menggambarkan The following tables show the details
rincian eksposur kredit pada nilai of the credit exposure at the carrying
tercatat yang dikategorikan amount categorised by industrial
berdasarkan sektor industri pada sector as at 31 December 2023 and
tanggal 31 Desember 2023 dan 2022: (continued)
2022: (lanjutan)
31 Desember/December 2022
Pemerintah
(termasuk Bank dan
Bank lembaga
Indonesia)/ keuangan
Government lainnya/ Perusahaan
(including Banks and lainnya/
Bank other financial Other Perseorangan/ Jumlah/
Indonesia) institutions companies Individuals Total
Aset Assets
Current accounts and
Giro dan penempatan pada placements with
Bank Indonesia 31,778,458 - - - 31,778,458 Bank Indonesia
Current accounts and
Giro dan penempatan placements with
pada bank lain - 2,491,492 - - 2,491,492 other banks
Investments in
Investasi pada surat berharga 55,423,534 1,819,571 608,800 - 57,851,905 marketable securities
Tagihan akseptasi - 115,504 365,899 - 481,403 Acceptance receivables
Piutang murabahah 84,992 16,304 8,657,193 116,114,867 124,873,356 Murabahah receivables
Piutang istishna - - - 132 132 Istishna receivables
Piutang ijarah - - 381 12,897 13,278 Ijarah financing
Pinjaman qardh 1,398,963 - 2,996,207 5,306,439financing9,701,609
Mudharabah Funds of qardh
Pembiayaan mudharabah 225,222 405,198 404,132 6,845 1,041,397 Mudharabah financing
Pembiayaan musyarakah 15,610,929 756,815 38,560,120 15,662,647 70,590,511 Musyarakah financing
Aset lain-lain*) 896,690 2 22,843 139,189 1,058,724 Other assets*)
105,418,788 5,604,886 51,615,575 137,243,016 299,882,265
Cadangan kerugian Allowance for
penurunan nilai (9,229,411) impairment losses
Neto 290,652,854 Net
Rekening Administratif Administrative Accounts
Fasilitas pembiayaan yang Unused financing
belum digunakan 162,774 50,956 386,327 1,261,751 1,861,808 facility
Letter of Credit - - 182,231 - 182,231 Letter of Credit
Bank garansi yang diterbitkan 183,166 65,110 2,428,540 31,972 2,708,788 Bank guarantees issued
345,940 116,066 2,997,098 1,293,723 4,752,827
*) *)
Aset lain-lain terdiri atas piutang pendapatan yang masih akan diterima Other assets consist of income receivables
Halaman - 130 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 673
Page 676
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(iii) Analisis eksposur maksimum (iii) Analysis of maximum exposure to
terhadap risiko kredit setelah credit risk after considering the impact
memperhitungkan dampak agunan of collateral and other credit risk
dan mitigasi risiko kredit lainnya mitigation
1. Secured financing 1. Secured financing
2. Partially secured financing 2. Partially secured financing
Untuk secured financing, Bank For secured financing, the Bank
menetapkan jenis dan nilai agunan yang determined the type and value of
dijaminkan sesuai skema pembiayaan. collateral according to the financing
Jenis dari agunan adalah sebagai berikut: scheme. Types of collateral are as
follows:
a. Physical collateral, berupa tanah dan a. Physical collateral, such as land and
bangunan, Buku Pemilik Kendaraan buildings, proof of vehicle ownership
Bermotor (“BPKB”) kendaraan (“BPKB”) and properties.
bermotor dan properti.
b. Financial collateral, berupa simpanan b. Financial collateral, such as deposits
(tabungan, giro, deposito), surat (savings, current accounts, time
berharga, dan emas. deposits), securities and gold.
Apabila terjadi default (gagal bayar), In case of default, the Bank will use
Bank akan menggunakan agunan the collateral as the last resort to
tersebut sebagai pilihan terakhir recover counterparty obligations.
untuk pemenuhan kewajiban
counterparty.
Partially secured financing terdiri dari Partially secured financing consists of
pembiayaan untuk golongan financing for fixed income employees,
berpenghasilan tetap, pembiayaan financing for retirees and other
untuk para pensiunan dan consumer financing. In their payment
pembiayaan konsumer lainnya. obligations, partially secured
Dalam pembayaran kewajibannya, financing are generally made through
partially secured financing umumnya automatic payroll deduction. Hence,
dilakukan melalui pemotongan the risk level of partially secured
penghasilan secara otomatis. financing is not as big as the carrying
Dengan demikian, tingkat risiko dari value.
partially secured financing tidak
sebesar nilai tercatat
pembiayaannya.
Mitigasi risiko kredit untuk partially Financing risk mitigations for partially
secured financing terdiri dari surat secured financing consists of
keputusan pengangkatan pegawai employee recruitment decision letter
dan surat keterangan pensiun. and certificate of retirement.
(iv) Manajemen risiko kredit pasca (iv) Credit risk management after the
Pandemi COVID-19 COVID-19 Pandemic
Pasca Pandemi COVID-19, Bank After the COVID-19 Pandemic, the Bank
mengadopsi kebijakan terkait adopted a policy regarding the grouping of
pengelompokkan nasabah yang masih customers who still receive special
mendapat perlakukan khusus sesuai treatment in accordance with POJK No.19
POJK No.19 tahun 2022 dan KDK of 2022 and KDK No.34/KDK.03/2022 as
No.34/KDK.03/2022 serta ketentuan well as other internal Bank regulations.
internal Bank lainnya.
Halaman - 131 - Page
674 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 677
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(iv) Manajemen risiko kredit pasca (iv) Credit risk management after the
Pandemi COVID-19 (lanjutan) COVID-19 Pandemic (continued)
Terhadap nasabah yang masih mendapat For customers who still receive special
perlakuan khusus pasca pandemi treatment after the COVID-19 pandemic
COVID-19 maupun yang tidak mendapat or who no longer receive special
perlakukan khusus lagi, Bank tetap treatment, the Bank continues to
melakukan monitoring pembiayaan monitoring financing through:
melalui:
1. Analisis watchlist terhadap seluruh 1. Watchlist analysis of all customers,
nasabah, terutama yang tidak especially those who don't receive
mendapat perlakuan khusus sesuai appropriate special treatment in
POJK No. 19 tahun 2022 dan KDK accordance with POJK No. 19 of
No.34/KDK.03/2022 serta ketentuan 2022 and KDK No.34/KDK.03/2022
internal Bank lainnya. Bank and provisions other internal Bank.
menetapkan action plan terhadap The Bank determines action plans
nasabah yang berpotensi mengalami for customers who have the potential
penurunan sesuai hasil watchlist. to experience decline according to
the watchlist results.
2. Pengembalian ke skema pembiayaan 2. Returning to the normal financing
normal apabila kondisi membaik, scheme if conditions improve,
restrukturisasi kembali sesuai dengan restructuring again in accordance
kondisi cashflow nasabah atau with customer cash flow conditions
menetapkan langkah penyelamatan or determine rescue measures
melalui penyelesaian pembiayaan, through financing settlements, for
bagi nasabah yang tidak mendapat customers who do not receive
perlakukan khusus sesuai regulasi. special treatment according to
regulations.
Bank senantiasa mereviu pengelolaan The Bank always reviews it post-COVID-
pembiayaan pasca pandemi COVID-19 19 pandemic financing management so
sehingga penyesuaian dapat dilakukan that adjustments can be made at the first
pada kesempatan pertama saat terjadi opportunity when changes in external
perubahan regulasi eksternal. regulations occur.
Bank mereviu kecukupan CKPN atas The Bank reviews CKPN on financing
pembiayaan yang masih mendapat who are still receiving special treatment
perlakukan khusus pasca pandemi after the COVID-19 pandemic to
COVID-19 untuk mengantisipasi potensi anticipate potential risks.
risiko.
b. Risiko pasar b. Market risk
Risiko pasar adalah risiko akibat perubahan Market risk is the risk due to changes in market
harga pasar, antara lain risiko dari perubahan prices, such as risks of changes in the value of
nilai aset yang dapat diperdagangkan atau assets that can be traded or leased. Market
disewakan. Risiko pasar terdiri dari dua jenis risk consists of two types of risk: exchange rate
risiko: risiko nilai tukar dan risiko benchmark risk and interest rate benchmark risk.
suku bunga.
Bank melakukan pengelolaan risiko pasar The Bank manages market risk through:
melalui:
- Menerapkan prinsip segregation of duty - Applying the principle of segregation of duty
dengan memisahkan fungsi front office, by separating the functions of the front
middle office, dan back office dalam office, middle office, and back office in the
pelaksanaan transaksi surat berharga dan carrying out securities and foreign
valuta asing. exchange transactions.
- Menerapkan segregation of duty dalam - Applying segregation of duty in carrying out
pelaksanaan transaksi treasury antara treasury transaction between dealer and
dealer dan supervisor. supervisor.
Halaman - 132 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 675
Page 678
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
b. Risiko pasar (lanjutan) b. Market risk (continued)
Bank melakukan pengelolaan risiko pasar The Bank manages market risk through:
melalui: (lanjutan) (continued)
- Melakukan cut loss posisi terbuka sukuk - Perform cut loss the sukuk open position if
apabila terdapat penurunan harga pasar. market price decline.
- Melakukan reviu terhadap kebijakan dan - Perform a review of policies and
standar prosedur operasi yang terkait standard operating procedures related to
dengan pengelolaan risiko pasar. market risk management.
- Menetapkan batas risiko pasar mencakup - Setting market risk limits include Net Open
Posisi Devisa Neto (“PDN”), Value at Risk Position (“NOP”), Value at Risk (“VaR”),
(“VaR”), Posisi Terbuka, Stop Loss, Open Position, Stop Loss, Treasury
Transaksi Treasury, dan Cut Loss. Transactions, and Cut Loss.
- Memantau pergerakan indikator eksternal - Monitoring the movement of external
antara lain nilai tukar USD/IDR, yield, surat indicators including the USD/IDR exchange
berharga pemerintah, tingkat imbal hasil rate, yield, government securities, market
pasar, harga emas, Jakarta Interbank yields, gold prices, Jakarta Interbank
Offered Rate (“JIBOR”), dan informasi Offered Rate (“JIBOR”) and the latest
pasar terkini. market information.
- Melakukan mark to market surat berharga - Conducting mark to market toward
dan revaluasi kurs secara harian. marketable securities and daily foreign
exchange rate revaluation.
Risiko benchmark suku bunga Benchmark rate risk
Risiko benchmark suku bunga merupakan Benchmark rate risk is the risk due to changes
risiko akibat perubahan harga instrumen in financial instrument prices from trading book
keuangan dari posisi trading book. Risiko positions. Benchmark rate risk which consists
benchmark suku bunga yang terdiri atas risiko of specific risk and general risk is taken into
spesifik dan risiko umum diperhitungkan dalam account in the Risk Weighted Assets valuation
penilaian Aktiva Tertimbang Menurut Risiko for Market Risk.
untuk Risiko Pasar.
Risiko nilai tukar Exchange rate risk
Risiko nilai tukar merupakan risiko yang timbul Exchange rate risk is the risk due to the gap of
karena adanya perbedaan posisi valuta asing foreign exchange positions owned by the
yang dimiliki Bank yang tercermin dalam PDN Bank which is reflected in the NOP either
baik secara individual maupun secara individually or as a whole. Included in the
keseluruhan. Termasuk dalam posisi valuta foreign exchange position are the trading book
asing tersebut yaitu posisi trading book yang positions carried out with the aim of gaining
dilakukan dengan tujuan untuk mendapatkan short-term foreign exchange transaction
keuntungan transaksi valuta asing dalam benefits as well as banking book positions in
jangka pendek maupun posisi banking book the framework of NOP control.
dalam rangka pengendalian PDN.
Perhitungan PDN didasarkan pada Peraturan The NOP is calculated based on Bank
Bank Indonesia No. 5/13/PBI/2003 tanggal 1 Indonesia Regulation No. 5/13/PBI/2003
Juli 2003 sebagaimana telah diubah terakhir dated 1 July 2003 which was last amended by
dengan Peraturan Bank Indonesia Bank Indonesia Regulation No. 17/5/PBI/2015
No. 17/5/PBI/2015 tanggal 29 Mei 2015. dated 29 May 2015. Based on this regulation,
Berdasarkan peraturan tersebut, Bank the Bank is required to maintain Net Open
diwajibkan untuk menjaga rasio PDN Position ratio at a maximum of 20% of the
maksimum 20% dari jumlah modal. PDN total capital. The NOP is the sum of the
adalah penjumlahan nilai absolut yang absolute values, which are stated in Rupiah,
dinyatakan dalam Rupiah dari selisih bersih of the net difference between the assets and
antara aset dan liabilitas dalam mata uang liabilities denominated in each foreign
asing dan selisih bersih dari tagihan dan currency and the net difference of the
liabilitas komitmen dan kontinjensi yang dicatat receivables and payables of commitments and
dalam rekening administratif yang contingencies recorded in the administrative
didenominasi dalam setiap mata uang asing. accounts denominated in each foreign
currency.
Halaman - 133 - Page
676 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 679
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
b. Risiko pasar (lanjutan) b. Market risk (continued)
Risiko nilai tukar (lanjutan) Exchange rate risk (continued)
Berikut adalah PDN Bank pada tanggal The NOP of Bank as at 31 December 2023 and
31 Desember 2023 dan 2022 sebagai berikut: 2022 are as follows:
31 Desember/December 2023
Aset/ Liabilitas/ Posisi devisa neto/
Mata uang Assets Liabilities Net open position Currencies
Laporan Posisi Keuangan Statement of Financial Position and
dan Rekening Administratif Administrative Accounts
Dolar Amerika Serikat 18,384,635 19,159,278 774,643 United States Dollar
Riyal Saudi Arabia 562,858 412,237 150,621 Saudi Arabian Riyal
Dolar Singapura 18,788 14,313 4,475 Singapore Dollar
Euro Eropa 16,889 15,533 1,356 European Euro
Dolar Australia 5,114 29 5,085 Australian Dollar
United Arab Emirates Dirham 2,092 - 2,092 United Arab Emirates Dirham
Pound Sterling Inggris 2,052 - 2,052 Great Britain Pound Sterling
Yen Jepang 1,452 157 1,295 Japanese Yen
Dolar Hong Kong 251 - 251 Hong Kong Dollar
941,870
Modal (Catatan 47a) 38,115,228 Capital (Note 47a)
Rasio PDN 2.47% NOP Ratio
31 Desember/December 2022
Aset/ Liabilitas/ Posisi devisa neto/
Mata uang Assets Liabilities Net open position Currencies
Laporan Posisi Keuangan Statement of Financial Position and
dan Rekening Administratif Administrative Accounts
Dolar Amerika Serikat 8,659,320 8,593,063 66,257 United States Dollar
Riyal Saudi Arabia 127,706 20,025 107,681 Saudi Arabian Riyal
Dolar Singapura 18,130 10,577 7,553 Singapore Dollar
Euro Eropa 14,085 12,479 1,606 European Euro
Dolar Australia 1,948 - 1,948 Australian Dollar
Pound Sterling Inggris 941 - 941 Great Britain Pound Sterling
Yen Jepang 2,615 - 2,615 Japanese Yen
Dolar Hong Kong 254 - 254 Hong Kong Dollar
188,855
Modal (Catatan 47a) 33,109,949 Capital (Note 47a)
Rasio PDN 0.57% NOP Ratio
Tabel di bawah ini menunjukkan sensitivitas The following tables show the sensitivity of the
terhadap kemungkinan perubahan atas nilai Bank’s profit or loss and other comprehensive
tukar terhadap laba rugi dan penghasilan income to reasonably possible changes in
komprehensif lain dengan asumsi bahwa exchange rate, assuming all other variables
semua variabel lain yang dimiliki adalah are constant for the years ended 31 December
konstan untuk tahun yang berakhir 2023 and 2022:
31 Desember 2023 dan 2022:
31 Desember/December 2023
Dampak terhadap laba
rugi dan penghasilan
komprehensif lain
Perubahan sebelum pajak/
persentase/ Impact to profit or loss
Change in and other comprehensive
percentage income before tax
Mata uang asing +1% 9,419 Foreign currencies
-1% (9,419)
31 Desember/December 2022
Dampak terhadap laba
rugi dan penghasilan
komprehensif lain
Perubahan sebelum pajak/
persentase/ Impact to profit or loss
Change in and other comprehensive
percentage income before tax
Mata uang asing +1% 1,889 Foreign currencies
-1% (1,889)
Halaman - 134 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 677
Page 680
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
b. Risiko pasar (lanjutan) b. Market risk (continued)
Risiko nilai tukar (lanjutan) Exchange rate risk (continued)
Untuk tahun yang berakhir 31 Desember 2023 For the year ended 31 December 2023 and
dan 2022, dampak atas perubahan nilai tukar 2022, the effect of fluctuations in exchange
dari mata uang selain Dolar Amerika Serikat rates of currency other than the United States
tidak material. Dollar is not material.
c. Risiko likuiditas c. Liquidity risk
Risiko likuiditas adalah risiko akibat Liquidity risk is the risk due to the Bank’s
ketidakmampuan Bank untuk memenuhi inability to meet its maturing obligations. Along
kewajiban yang jatuh tempo. Seiring dengan with the development of the Bank’s business,
perkembangan bisnis Bank, risiko likuiditas liquidity risk is one of the risk that become the
merupakan salah satu risiko yang menjadi major concerns of the Bank. It may result from
perhatian utama Bank. Risiko ini dapat terjadi the growth of the Bank’s financing which is
akibat pertumbuhan pembiayaan Bank yang greater than the growth of third party funds.
lebih besar dibandingkan dengan The difference between the availability of
pertumbuhan dana pihak ketiga. Perbedaan source of funds and the maturity of receivable
antara ketersediaan sumber dana dan jatuh and financing can lead to difficulty in fulfilling
tempo piutang dan pembiayaan dapat bank obligations to customers and other
menyebabkan kesulitan dalam memenuhi parties.
kewajiban bank kepada nasabah dan pihak
lainnya.
Tindakan yang diambil oleh Bank untuk The actions taken by the Bank to minimise the
meminimalisir risiko likuiditas antara lain liquidity risk include the following:
sebagai berikut:
1) Pemisahan fungsi antara unit 1) Separating the functions between the
perbendaharaan sebagai front office, unit treasury unit as the front office, the risk
manajemen risiko sebagai middle office, management unit as the middle office, and
dan unit operasional sebagai back office. the operations unit as the back office.
2) Penempatan dana pada aset likuid 2) Placement funds in high quality liquid
berkualitas tinggi sebagai cadangan assets as liquidity reserves.
likuiditas.
3) Memelihara akses ke pasar uang melalui 3) Maintaining access to the money market
penempatan dan pinjaman antar bank. through placements and financing between
banks.
4) Melakukan reviu terhadap kebijakan dan 4) Conducting a review of policies and
prosedur operasi standar yang terkait standard operating procedures related to
dengan pengelolaan risiko likuiditas. the management of liquidity risk.
5) Pemantauan terhadap kondisi likuiditas 5) Monitoring the liquidity conditions
Bank secara berkala melalui beberapa periodically through some liquidity ratios
rasio likuiditas seperti Financing to Deposit such Financing to Deposit Ratio (“FDR”),
Ratio (“FDR”), rasio kewajiban antar bank, the ratio of inter-bank liabilities, cash flow
arus kas, dan perbedaan likuiditas. and liquidity gaps.
6) Menentukan batas risiko likuiditas seperti 6) Setting the liquidity risk limit such as limit of
batas dari persyaratan Giro Wajib Minimum Statutory Reserve Requirement (“GWM”)
(“GWM”) dan secondary reserve. and secondary reserve.
Halaman - 135 - Page
678 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 681
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
c. Risiko likuiditas (lanjutan) c. Liquidity risk (continued)
Berikut adalah tabel analisis jatuh tempo aset The following are the tables of assets and
dan liabilitas pada tanggal liabilities maturity analysis as at 31 December
31 Desember 2023 dan 2022, berdasarkan 2023 and 2022, based on the remaining time
waktu yang tersisa sampai dengan tanggal until the maturity date:
jatuh tempo:
31 Desember/December 2023
Lebih dari Lebih dari Lainnya
1 bulan 3 bulan Lebih yang tidak
Sampai sampai dengan sampai dengan dari memiliki
dengan 3 bulan/ 1 tahun/ 1 tahun/ jatuh tempo/
1 bulan/ More than 1 month More than 3 months More than Others that have Jumlah/
Keterangan Up to 1 month up to 3 months up to 1 year 1 year no maturities Total Descriptions
Aset Assets
Kas 5,255,841 - - - - 5,255,841 Cash
Current accounts and
Giro dan penempatan pada placements with Bank
Bank Indonesia 31,670,928 769,850 - - - 32,440,778 Indonesia
Current accounts and
Giro dan penempatan placements with
pada bank lain 2,324,473 - - - - 2,324,473 other banks
Investments in marketable
Investasi pada surat berharga 17,162,511 3,050,078 19,328,749 31,760,188 - 71,301,526 securities
Tagihan akseptasi 289,490 68,657 73,081 - - 431,228 Acceptance receivables
Piutang - murabahah, Receivables - murabahah,
istihsna, dan ijarah 187,326 215,094 2,726,139 133,592,967 - 136,721,526 Isthishna and ijarah
Pinjaman qardh 2,307,387 3,432,912 3,683,726 1,883,056 - 11,307,081 Funds of qardh
Pembiayaan mudharabah 17,726 3,515 1,120,244 739,648 - 1,881,133 Mudharabah financing
Pembiayaan musyarakah 2,780,961 4,182,168 11,022,109 70,230,959 - 88,216,197 Musyarakah financing
Aset lain-lain *) 77,248 76,689 250,554 687,472 - 1,091,963 Other assets*)
Jumlah aset 62,073,891 11,798,963 38,204,602 238,894,290 - 350,971,746 Total asset
Liabilitas Liabilities
Liabilitas segera 1,316,067 - - - - 1,316,067 Obligations due immediately
Undistributed revenue
Bagi hasil yang belum dibagikan 255,932 - - - - 255,932 sharing
Simpanan wadiah 67,873,898 - - - - 67,873,898 Wadiah deposits
Liabilitas kepada Bank Indonesia 11,900,055 - - - - 11,900,055 Liabilities to Bank Indonesia
Simpanan dari bank lain 1,761,301 - - - - 1,761,301 Deposits from other banks
Kewajiban akseptasi 289,490 68,657 73,081 - - 431,228 Acceptance liabilities
Estimated liabilities for
Estimasi liabilitas imbalan kerja - - - 667,264 - 667,264 employee benefits
Liabilitas sewa 35 13,352 53,031 56,775 - 123,193 Lease liabilities
Liabilitas lain-lain **) 646,909 - - - - 646,909 Other liabilities**)
Jumlah liabilitas 84,043,687 82,009 126,112 724,039 - 84,975,847 Total liabilities
Dana syirkah temporer Temporary syirkah funds
Mudharabah savings
Tabungan mudharabah 78,280,185 - - - - 78,280,185 deposits
Deposito mudharabah 72,641,261 26,116,550 17,226,978 - - 115,984,789 Mudharabah time deposits
Giro mudharabah 32,417,260 - - - - 32,417,260 Mudharabah demand deposits
Subordinated sukuk
Sukuk mudharabah subordinasi - - - 200,000 - 200,000 mudharabah
Sukuk mudharabah
Sukuk mudharabah muqayyadah - - - 3,608 - 3,608 muqayyadah
Pembiayaan berjangka mudharabah 776,250 - - - - 776,250 Mudharabah term financing
Jumlah dana syirkah Total temporary
temporer 184,114,956 26,116,550 17,226,978 203,608 - 227,662,092 syirkah funds
Perbedaan jatuh tempo (206,084,752 ) (14,399,596) 20,851,512 237,966,643 - 38,333,807 Maturity gap
*) Aset lain-lain terdiri atas piutang pendapatan yang masih akan diterima *) Other assets consist of income receivables
**) Liabilitas lain-lain terdiri atas biaya yang masih harus dibayar, setoran jaminan, premi **) Other liabilities consist of accrued expenses, guarantee deposits, loan insurance
asuransi dan rekening sementara premium and temporary accounts
Halaman - 136 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 679
Page 682
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
c. Risiko likuiditas (lanjutan) c. Liquidity risk (continued)
Berikut adalah tabel mengenai analisis jatuh The following are the tables of assets and
tempo aset dan liabilitas pada tanggal liabilities maturity analysis as at 31 December
31 Desember 2023 dan 2022, berdasarkan 2023 and 2022, based on the remaining time
waktu yang tersisa sampai dengan tanggal until the maturity date: (continued)
jatuh tempo: (lanjutan)
31 Desember/December 2022
Lebih dari Lebih dari Lainnya
1 bulan 3 bulan Lebih yang tidak
Sampai sampai dengan sampai dengan dari memiliki
dengan 3 bulan/ 1 tahun/ 1 tahun/ jatuh tempo/
1 bulan/ More than 1 month More than 3 months More than Others that have Jumlah/
Keterangan Up to 1 month up to 3 months up to 1 year 1 year no maturities Total Descriptions
Aset Assets
Kas 4,951,469 - - - - 4,951,469 Cash
Current accounts and
Giro dan penempatan pada placements with Bank
Bank Indonesia 31,077,920 700,538 - - - 31,778,458 Indonesia
Current accounts and
Giro dan penempatan placements with
pada bank lain 2,491,295 197 - - - 2,491,492 other banks
Investments in marketable
Investasi pada surat berharga 8,052,606 957,995 11,828,390 37,012,914 - 57,851,905 securities
Tagihan akseptasi 34,170 75,330 371,903 - - 481,403 Acceptance receivables
Piutang - murabahah, Receivables - murabahah,
istishna, dan ijarah 215,567 220,941 2,565,000 121,885,258 - 124,886,766 istishna and ijarah
Pinjaman qardh 1,651,654 3,723,784 2,470,218 1,855,953 - 9,701,609 Funds of qardh
Pembiayaan mudharabah 9,809 98,222 176,926 756,440 - 1,041,397 Mudharabah financing
Pembiayaan musyarakah 2,925,305 4,256,933 8,215,084 55,193,189 - 70,590,511 Musyarakah financing
Aset lain-lain*) 54,018 56,016 236,725 711,965 - 1,058,724 Other assets*)
Jumlah aset 51,463,813 10,089,956 25,864,246 217,415,719 - 304,833,734 Total asset
Liabilitas Liabilities
Liabilitas segera 1,009,502 - - - - 1,009,502 Obligations due immediately
Undistributed revenue
Bagi hasil yang belum dibagikan 192,775 - - - - 192,775 sharing
Simpanan wadiah 66,012,257 - - - - 66,012,257 Wadiah deposits
Simpanan dari bank lain 2,218,697 - - - - 2,218,697 Deposits from other banks
Kewajiban akseptasi 34,170 75,330 371,903 - - 481,403 Acceptance liabilities
Estimated liabilities for
Estimasi liabilitas imbalan kerja - - - 689,018 - 689,018 employee benefits
Liabilitas sewa - - - 166,002 - 166,002 Lease liabilities
Liabilitas lain-lain**) 651,902 - - - - 651,902 Other liabilities**)
Jumlah liabilitas 70,119,303 75,330 371,903 855,020 - 71,421,556 Total liabilities
Dana syirkah temporer Temporary syirkah funds
Mudharabah savings
Tabungan mudharabah 72,897,352 - - - - 72,897,352 deposits
Deposito mudharabah 74,582,576 15,601,987 10,575,779 - - 100,760,342 Mudharabah time deposits
Giro mudharabah 22,754,968 - - - - 22,754,968 Mudharabah demand deposits
Subordinated sukuk
Sukuk mudharabah subordinasi - - 1,375,000 - - 1,375,000 mudharabah
Pembiayaan berjangka mudharabah - - 778,375 - - 778,375 Mudharabah term financing
Jumlah dana syirkah Total temporary
temporer 170,234,896 15,601,987 12,729,154 - - 198,566,037 syirkah funds
Perbedaan jatuh tempo (188,890,386 ) (5,587,361) 12,763,189 216,560,699 - 34,846,141 Maturity gap
*) Aset lain-lain terdiri atas piutang pendapatan yang masih akan diterima *) Other assets consist of income receivables
**) Liabilitas lain-lain terdiri atas biaya yang masih harus dibayar, setoran jaminan, premi **) Other liabilities consist of accrued expenses, guarantee deposits, loan insurance
asuransi dan rekening sementara premium and temporary accounts
Bank senantiasa mengevaluasi efektivitas The Bank continually evaluates the
sistem operasi untuk memastikan bahwa dana effectiveness of the operating system to
yang tersedia cukup untuk memenuhi seluruh ensure that sufficient funds are available to
kebutuhan dengan melakukan monitoring meet all needs by monitoring the condition of
terhadap kondisi likuiditas bank melalui the bank's liquidity through several liquidity
beberapa rasio likuiditas. Bank meyakini dana ratios. The Bank believes that funds will
tetap tumbuh dan arus kas dari aktiva produktif continue to grow and cash flow from earning
dapat menjaga kecukupan likuiditas. assets will be able to maintain sufficient
liquidity.
Halaman - 137 - Page
680 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 683
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
d. Risiko operasional d. Operational risk
Risiko operasional adalah risiko kerugian yang Operational risk is the risk of loss resulting
diakibatkan oleh proses internal yang kurang from inadequate internal processes, internal
memadai, kegagalan proses internal, adanya processes failures, human errors, system
kesalahan manusia, kegagalan sistem, failures and/or external events/incidents that
dan/atau adanya kejadian/insiden eksternal affect the Bank’s operations.
yang mempengaruhi operasional Bank.
Pengelolaan risiko operasional selaras dengan Operational risk management is aligned with
pengembangan upaya pengendalian the development of internal control efforts. One
internal. Salah satu upaya yang dilakukan of the efforts made is the implementation of
adalah penerapan internal kontrol di cabang internal control at the branch through the
melalui pemisahan tugas dan tanggung jawab, separation of duties and responsibilities, dual
mekanisme dual control dalam pelaksanaan control mechanism in the implementation of
fungsi transaksi, deviasi/otorisasi, pembatasan the transaction function, deviation/
otoritas sistem akses, peningkatan kompetensi authorisation, restrictions on access to the
karyawan, dan pelaksanaan audit internal. system authority, increasing employee’s
competence and the implementation of internal
audit.
Tindakan yang diambil oleh Bank untuk The actions taken by the Bank to minimise
meminimalkan risiko operasional di antaranya operational risks include the following:
sebagai berikut:
1) Menyusun manual produk, kebijakan, 1) Prepare product manuals, policies,
prosedur dan petunjuk teknis operasional procedures and operational technical
sebagai panduan dalam melaksanakan instructions as a guidance in carrying out
aktivitas operasional Bank dan the Bank operational activities and socialise
mensosialisasikannya secara memadai. them adequately.
2) Membentuk Senior Operasional Risk Head 2) Establish a Senior Operational Risk Head
(“SORH”) yang mengkoordinir fungsi (“SORH”) who coordinates DCOR and RBC
DCOR dan RBC dalam rangka pengelolaan functions in the framework of operational
risiko operasional di unit kerja Kantor Pusat risk management in the Head Office work
dan unit jaringan. units and network units.
3) Menyiapkan tools yang digunakan dalam 3) Preparing tools used in implementing
penerapan manajemen risiko operasional, operational risk management, including
antara lain Risk & Control Self Assessment, Risk & Control Self Assessment, Key Risk
Key Risk Indicator, Loss Event Database, Indicators, Loss Event Database,
Laporan Profil Risiko Operasional, dan Operational Risk Profile Reports and
Control Testing. Control Testing.
4) Melakukan kajian & analisis risiko 4) Performing operational risk review &
operasional atas produk baru yang analysis for proposed new products or
diusulkan dan atau kegiatan yang akan activities which will be launched by the
diluncurkan oleh Bank. Bank.
5) Menerapkan Business Continuity 5) Applying a Business Continuity
Management (“BCM”) untuk memastikan Management (“BCM”) to ensure the
kelangsungan operasional Bank secara continuity of operations of the Bank despite
terus menerus meskipun terjadi gangguan the disturbance (disaster) and to protect the
(bencana) untuk melindungi kepentingan interests of stakeholders.
stakeholders.
Halaman - 138 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 681
Page 684
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
d. Risiko operasional (lanjutan) d. Operational risk (continued)
Tindakan yang diambil oleh Bank untuk The actions taken by the Bank to minimise
meminimalkan risiko operasional di antaranya operational risks include the following:
sebagai berikut: (lanjutan) (continued)
6) Menerapkan tata kelola IT secara baik dan 6) Implement good and adequate IT
memadai, antara lain melalui pembentukan governance, including through the
IT Steering Committee, penerapan establishment of an IT Steering Committee,
mekanisme System Development Life implementation of the System Development
Cycle, penerapan standar keamanan IT Life Cycle mechanism, implementation of IT
dan manajemen akses, penerapan standar security standards and access
perangkat IT, dan penerapan Disaster management, implementation of standard
Recovery Plan. IT tools and implementation of a Disaster
Recovery Plan.
e. Risiko hukum e. Legal risk
Risiko hukum adalah risiko akibat tuntutan Legal risk is the risk due to lawsuits and/or
hukum dan/atau kelemahan aspek yuridis. weaknesses of juridical aspects. The
Timbulnya risiko hukum antara lain dapat emergence of legal risk can be caused by the
disebabkan karena ketiadaan peraturan absence of supporting laws and regulations or
perundang-undangan yang mendukung atau the weakness of the agreement, such as non-
kelemahan perikatan, seperti tidak compliance with the legal terms of the contract
dipenuhinya syarat sahnya kontrak atau or imperfect binding of collateral. As a
pengikatan agunan yang tidak sempurna. company governed by the laws of the Republic
Sebagai perusahaan yang diatur oleh hukum of Indonesia, the Bank must comply with all
Republik Indonesia, Bank harus selalu applicable laws and regulations issued by
mematuhi semua hukum dan peraturan yang Bank Indonesia/Financial Service Authority
dikeluarkan oleh Bank Indonesia/Otoritas Jasa (“OJK”) as a regulator in the banking industry
Keuangan (“OJK”) sebagai regulator dalam in Indonesia as well as other regulations
industri perbankan di Indonesia serta relating to business activities carried out by the
ketentuan lain yang berkaitan dengan Bank.
kegiatan usaha yang dilakukan oleh Bank.
Risiko hukum yang timbul dapat berupa Legal risks that arise can be in the form of
tuntutan kerugian materil ataupun immateril claims for material or immaterial losses if the
apabila Bank tidak mematuhi ketentuan dan Bank does not comply with the applicable rules
peraturan yang berlaku. Jika terjadi tuntutan and regulations. If there is a claim for losses
kerugian terhadap Bank dalam jumlah yang against the Bank in a material amount, it can
cukup material, maka secara langsung dapat directly affect the Bank's financial
mempengaruhi kinerja keuangan Bank. performance.
Dalam mengelola risiko hukum, Bank In managing legal risk, the Bank performs
melakukan tindakan di antaranya: actions such as:
1) Melakukan reviu terhadap kebijakan dan 1) Conducting a review of policies and
prosedur operasi standar yang terkait standard operating procedures related to
dengan pengelolaan risiko hukum sesuai the management of legal risk in
dengan peraturan yang berlaku. accordance with applicable regulations.
2) Mengembangkan organisasi hukum yang 2) Developing a strong legal organisation.
kuat.
3) Standarisasi akad dan perjanjian kerja 3) Standardising contract and cooperation
sama sesuai dengan peraturan yang agreement in accordance with applicable
berlaku. regulations.
4) Menentukan kebijakan cadangan perkara. 4) Determining the case provision policy.
Halaman - 139 - Page
682 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 685
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. MANAJEMEN RISIKO (lanjutan) 45. RISK MANAGEMENT (continued)
f. Risiko kepatuhan f. Compliance risk
Risiko kepatuhan adalah risiko yang timbul dari Compliance risk is the risk arising from the
kegagalan Bank dalam mematuhi dan/atau Bank failures in complying and/or applying
menerapkan peraturan perundang-undangan applicable laws and regulations and Sharia
yang berlaku dan prinsip-prinsip principles. In the banking industry, the Bank is
Syariah. Dalam industri perbankan, Bank wajib required to comply with regulations issued by
mematuhi peraturan yang dikeluarkan oleh the Government, Bank Indonesia, OJK and the
Pemerintah, Bank Indonesia, OJK, dan Dewan National Sharia Boards. In general, this risk is
Syariah Nasional. Secara umum, risiko closely related to compliance with applicable
kepatuhan terkait erat dengan hukum yang laws and regulations, which governs the Bank,
berlaku dan peraturan, yang mengatur Bank, such as:
seperti:
1) Rasio Kewajiban Penyediaan Modal 1) Capital Adequacy Ratio (“CAR”);
Minimum (“KPMM”);
2) Kualitas Aset Produktif; 2) Quality of Earning Assets;
3) Penyisihan Penghapusan Aset (“PPA”); 3) Allowance of Earning Assets (“PPA”);
4) Batas Maksimum Pemberian Pembiayaan; 4) Legal Lending Limit;
5) Good Corporate Governance (“GCG”); dan 5) Good Corporate Governance (“GCG”); and
6) Rencana Bisnis Bank (“RBB”). 6) Bank Business Plan (“RBB”).
s
Ketidakmampuan Bank untuk mengikuti dan The inability of the Bank to follow and comply
mematuhi semua hukum dan peraturan yang with all laws and regulations related to banking
terkait dengan kegiatan usaha perbankan activities may affect the continuity of the Bank.
dapat mempengaruhi kelangsungan Bank.
Dalam mengelola risiko kepatuhan, Bank In managing the compliance risks, the Bank
melakukan tindakan di antaranya: performs actions such as:
1) Meningkatkan pemahaman tentang GCG 1) Improving understanding of GCG and the
dan kode etik. code of conduct.
2) Penguatan pelaksanaan GCG dan 2) Strengthening GCG implementation and
memastikan bahwa semua debitur ensuring that all financing debtors meet all
pembiayaan untuk memenuhi semua financing needs.
kebutuhan pembiayaan.
3) Menyusun dan menyampaikan laporan 3) Preparing and submitting GCG to Financial
GCG kepada Otoritas Jasa Keuangan. Services Authority.
4) Meningkatkan pelaksanaan Know Your 4) Increasing the implementation of the
Customer (“KYC”), Anti Pencucian Uang Know Your Customer (“KYC”), Anti Money
(“APU”), dan Pencegahan Pendanaan Laundering (“APU”) and the Prevention of
Teroris (“PPT”). Financing for Terrorism (“PPT”).
5) Meningkatkan pelaksanaan compliance 5) Improving the implementation of
certification. compliance certification.
6) Bekerja sama dengan Dewan Pengawas 6) Working closely with the Sharia
Syariah dalam memastikan kepatuhan Supervisory Board in ensuring compliance
Bank terhadap prinsip syariah. of the Bank with sharia principles.
7) Memberdayakan Kepatuhan Syariah untuk 7) Empowering Sharia Compliance to review
mereviu dan menganalisis kepatuhan dari and analyse the compliance of the Bank’s
produk Bank/kegiatan dengan prinsip products/activities with sharia principles.
syariah.
Halaman - 140 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 683
Page 686
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
46. NILAI WAJAR ASET DAN LIABILITAS 46. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN LIABILITIES
Tabel di bawah ini menyajikan perbandingan antara The table below summarises the comparison
nilai tercatat sebelum cadangan kerugian between the carrying values before allowance for
penurunan nilai dan nilai wajar dari aset dan impairment losses and fair values of financial
liabilitas keuangan. Nilai wajar yang diungkapkan assets and liabilities of the Bank. The fair values
adalah berdasarkan informasi relevan yang disclosed are based on relevant information
tersedia pada tanggal 31 Desember 2023 dan 2022 available as at 31 December 2023 and 2022 and
tidak diperbaharui untuk mencerminkan perubahan are not updated to reflect changes in market
dalam kondisi pasar yang telah terjadi setelah conditions which have occurred after these dates.
tanggal ini.
Pada tanggal 31 Desember 2023 dan 2022 nilai As at 31 December 2023 and 2022, the carrying
tercatat sebelum cadangan kerugian penurunan value before allowance for impairment losses of the
nilai dari aset dan liabilitas keuangan Bank memiliki Bank’s financial assets and liabilities approximates
nilai yang hampir sama dengan nilai wajarnya their fair value except for the following financial
kecuali untuk instrumen berikut: instruments:
31 Desember/December 2023 31 Desember/December 2022
Nilai tercatat Nilai tercatat
sebelum sebelum
cadangan cadangan
kerugian kerugian
penurunan penurunan
nilai/ nilai/
Carrying value Carrying value
before before
allowance for allowance for
impairment Nilai wajar/ impairment Nilai wajar/
losses Fair value losses Fair value
Investasi pada surat Investments in marketable
berharga 71,301,526 70,704,166 57,851,905 56,622,082 securities
Tabel di bawah ini menyajikan instrumen keuangan The tables below show the financial instruments
yang diakui pada nilai wajar berdasarkan hierarki recognised at fair value based on the hierarchy
yang digunakan Bank untuk menentukan dan used by the Bank in determining and disclosing the
mengungkapkan nilai wajar dari instrumen fair value of financial instruments:
keuangan:
(i) Tingkat 1: harga kuotasian (tanpa (i) Level 1: quoted prices (unadjusted) in active
penyesuaian) di pasar aktif untuk aset atau markets for identical assets or liabilities which
liabilitas yang identik yang dapat diakses pada are accessible at the measurement date.
tanggal pengukuran.
(ii) Tingkat 2: input selain harga kuotasian yang (ii) Level 2: inputs other than quoted prices
termasuk dalam level 1 yang dapat diobservasi included in level 1 that are observable for the
untuk aset dan liabilitas, baik secara langsung assets and liabilities, either directly or
atau tidak langsung. indirectly.
(iii) Tingkat 3: pengukuran nilai wajar yang berasal (iii) Level 3: Fair value measurements are those
dari teknik penilaian yang mencakup input derived from valuation techniques that include
untuk aset dan liabilitas yang bukan inputs for asset and liability that are not based
berdasarkan data pasar yang dapat on observable market data.
diobservasi.
Nilai wajar tingkat 1 dinilai menggunakan data dari The fair value level 1 is valued by using data from
Bloomberg. Bloomberg.
Nilai wajar tingkat 2 dinilai menggunakan data dari The fair value level 2 is valued by using data from
Indonesia Bond Pricing Agency (“IBPA”) dan Net Indonesia Bond Pricing Agency (“IBPA”) and Net
Asset Value report dimana dihitung dengan model Asset Value report which is calculated using a
diskonto arus kas dengan kurva yield (diambil dari discounted cash flow model based on current yield
data pasar) terkini yang sesuai dengan sisa curve (derived from market data) appropriated with
periode jatuh temponya. the remaining term of maturity.
31 Desember/December 2023
Nilai wajar/ Tingkat/ Tingkat/ Tingkat/
Fair value Level 1 Level 2 Level 3
Investasi pada surat berharga 70,704,166 - 70,672,379 31,787 Investments in marketable securities
31 Desember/December 2022
Nilai wajar/ Tingkat/ Tingkat/ Tingkat/
Fair value Level 1 Level 2 Level 3
Investasi pada surat berharga 56,622,082 - 56,622,082 - Investments in marketable securities
Halaman - 141 - Page
684 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 687
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
46. NILAI WAJAR ASET DAN LIABILITAS 46. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
Nilai wajar aset dan kewajiban keuangan tertentu, The fair values of certain financial assets and
kecuali efek-efek dan sukuk Pemerintah yang liabilities, except for securities and Government
dimiliki hingga jatuh tempo, piutang, dan sukuk classified as held to maturity, receivables
pembiayaan yang diberikan dan surat berharga and financing and marketable securities issued
yang diterbitkan, mendekati nilai tercatatnya approximate their carrying values due to their
karena mempunyai jangka waktu jatuh tempo yang short-term maturities.
singkat.
a. Giro dan penempatan pada Bank Indonesia, a. Current accounts and placements with Bank
giro dan penempatan pada bank lain, tagihan Indonesia, current accounts and placements
akseptasi dan aset lain-lain. with other banks, acceptance receivables and
other assets.
Nilai tercatat dari giro dan penempatan pada The carrying amount of current accounts and
Bank Indonesia dan bank lain, tagihan placements with Bank Indonesia and other
akseptasi, dan aset lain-lain adalah perkiraan banks, acceptance receivables and other
yang layak atas nilai wajar. assets are a reasonable approximations of
fair value.
b. Investasi pada surat berharga b. Investments in marketable securities
Nilai wajar untuk investasi pada surat berharga The fair value for amortised cost investments
yang dimiliki hingga jatuh tempo ditetapkan in marketable securities are based on the
berdasarkan harga pasar atau harga kuotasi market prices or broker/dealer price
perantara (broker)/pedagang efek (dealer). quotations. When this information is not
Jika informasi ini tidak tersedia, nilai wajar available, the fair value is estimated using
diestimasi dengan menggunakan harga pasar quoted market prices for securities with
kuotasi efek yang memiliki karakteristik risiko similar credit risk, maturity and yield
kredit, jatuh tempo, dan yield yang serupa atau characteristics or using Internal valuation
dinilai dengan menggunakan metode models.
penilaian.
c. Liabilitas segera, simpanan wadiah, simpanan c. Obligations due immediately, wadiah
dari bank lain, liabilitas lain-lain, dan dana deposits, deposits from other banks, other
syirkah temporer. liabilities and temporary syirkah funds.
Estimasi nilai wajar dari liabilitas segera, The estimated fair value of obligations due
simpanan mudharabah, dan liabilitas lain-lain immediately, mudharabah deposits and other
adalah sebesar jumlah yang harus dibayarkan liabilities are the amounts repayable on
kembali sewaktu-waktu. demand.
Estimasi nilai wajar terhadap simpanan wadiah The estimated fair values of wadiah deposits
dan simpanan dari bank lain dengan tingkat and deposits from other banks with fixed rate
margin tetap dan liabilitas akseptasi ditetapkan margin and acceptance liabilities are
berdasarkan diskonto arus kas dengan determined based on discounted cash flows
menggunakan tingkat margin pasar uang using money market margin rates for with
dengan sisa jatuh tempo yang serupa. similar remaining maturities.
d. Piutang dan pembiayaan d. Receivables and financing
Portofolio piutang dan pembiayaan Bank Generally, the Bank’s receivables and
secara umum terdiri dari piutang dan financing portfolio consists of receivables and
pembiayaan yang diberikan dengan tingkat financing with variable margin rate and short-
margin mengambang dan piutang dan term receivables and financing with fixed
pembiayaan yang diberikan dengan jangka margin rate. Receivables and financing are
pendek dengan tingkat margin tetap. Piutang stated at amortised cost.
dan pembiayaan yang diberikan dinyatakan
berdasarkan amortised cost.
Halaman - 142 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 685
Page 688
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
46. NILAI WAJAR ASET DAN LIABILITAS 46. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
d. Piutang dan pembiayaan (lanjutan) d. Receivables and financing (continued)
Estimasi nilai wajar terhadap piutang dan The estimated fair values of receivables and
pembiayaan ditetapkan berdasarkan diskonto financing are determined based on discounted
arus kas dengan menggunakan tingkat margin cash flows using margin rates applied for
yang berlaku untuk piutang dan pembiayaan receivables and financing with similar credit
dengan risiko kredit dan sisa jatuh tempo yang risk and remaining maturities.
serupa.
Nilai tercatat dari piutang dan pembiayaan The carrying amount of receivables and
yang diberikan dengan tingkat margin financing with variable margin rate and short-
mengambang dan nilai tercatat atas piutang term receivables and financing with fixed
dengan tingkat margin tetap adalah perkiraan margin rate are the reasonable approximations
yang layak atas nilai wajar. of their fair values.
Nilai wajar dari piutang dan pembiayaan yang The estimated fair value of loans represent the
diberikan menunjukkan nilai diskon dari discounted amount of estimated future cash
perkiraan arus kas masa depan yang flows expected to be received by the Bank
diharapkan akan diterima oleh Bank dengan using the current market rates. The carrying
menggunakan tingkat margin pasar saat ini. amounts of variable rate receivables and
Nilai tercatat dari piutang dan pembiayaan financing and short-term fixed rate receivables
yang diberikan dengan tingkat margin and financing are the reasonable
mengambang dan nilai tercatat atas piutang approximation of their fair values.
dan pembiayaan jangka pendek dengan
tingkat margin tetap adalah perkiraan yang
layak atas nilai wajar.
47. INFORMASI PENTING LAINNYA 47. OTHER SIGNIFICANT INFORMATION
a. Pada tanggal 31 Desember 2023 dan 2022, a. As at 31 December 2023 and 2022, the
rasio Kewajiban Penyediaan Modal Minimum Minimum Required Capital Adequacy Ratio
(”KPMM”) Bank dihitung berdasarkan (“CAR”) are calculated based on OJK
Peraturan OJK No. 21/POJK.03/2014 tanggal Regulation No. 21/POJK.03/2014 dated 19
19 November 2014 yang mencabut peraturan November 2014, as amended in previous
sebelumnya. Rasio KPMM tersebut adalah regulation. The CARs are as follows:
sebagai berikut:
2023 2022
Modal inti 36,095,427 31,232,293 Core capital
Modal pelengkap (maksimum Supplementary capital (maximum
100% dari modal inti) 200,000 252,083 100% over core capital)
Cadangan umum penyisihan General reserves of allowance for
kerugian aset produktif impairment losses on earning
(maksimum 1,25% dari ATMR) 1,819,801 1,625,573 assets (maximum 1.25% of ATMR)
38,115,228 33,109,949
Aset Tertimbang Menurut Risiko Risk Weighted Assets (”RWA”)
(”ATMR”) Risiko Kredit 145,078,091 129,730,824 for Financing Risk
ATMR Risiko Pasar 1,640,536 306,184 RWA for Market Risk
ATMR Risiko Operasional 34,400,820 33,120,795 RWA for Operational Risk
181,119,447 163,157,803
Rasio KPMM Bank untuk
Risiko Kredit dan Bank’s CAR for Credit Risk
Risiko Operasional 21.24% 20.33% and Operational Risk
Rasio KPMM Bank untuk Risiko
Kredit, Risiko Pasar Bank’s CAR for Credit Risk, Market Risk
dan Risiko Operasional 21.04% 20.29% and Operational Risk
Rasio KPMM yang diwajibkan 9.99% 9.95% Minimum CAR
Berdasarkan profil risiko Bank pada tanggal Based on the risk profile as at 31 December
31 Desember 2023 dan 2022, yaitu 2023 and 2022, which is satisfactory, the
satisfactory, maka KPMM minimum pada minimum CAR as at 31 December 2023 and
tanggal 31 Desember 2023 dan 2022, 2022, was determined at 9% to less than 10%.
ditetapkan sebesar 9% sampai dengan kurang
dari 10%.
Halaman - 143 - Page
686 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 689
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. INFORMASI PENTING LAINNYA (lanjutan) 47. OTHER SIGNIFICANT INFORMATION (continued)
a. Selain wajib membentuk modal inti dan modal a. In addition to provide core capital and
pelengkap, Bank wajib untuk memenuhi supplementary capital, the Bank is required to
Countercyclical Buffer yang ditetapkan dalam provide Countercyclical Buffer ranging from
kisaran 0% sampai dengan 2,5% dari ATMR 0% to 2.5% of RWA based on POJK
sesuai dengan POJK No. 21/POJK.03/2014 regulation No. 21/POJK.03/2014 regarding the
tentang Kewajiban Penyediaan Modal Minimum Required Capital Adequacy Ratio of
Minimum Bank Umum Syariah. Sharia Bank.
Hasil penilaian menunjukan bahwa Bank The assessment result shows that the Bank
mampu untuk memenuhi KPMM sesuai has met the Minimum CAR in accordance with
dengan profil risiko dan mampu memenuhi its risk profile and met additional capital buffer
ketentuan tambahan modal (buffer). requirement.
b. Pada tanggal 31 Desember 2023 dan 2022 b. As at 31 December 2023 and 2022, ratio of
rasio Non-Performing Financing (”NPF”) bruto Non-Performing Financing (”NPF”) gross and
dan bersih masing-masing adalah sebagai net, respectively, are as follows:
berikut:
2023 2022
NPF - Bruto 2.08% 2.42% NPF - Gross
NPF - Bersih 0.55% 0.57% NPF - Net
c. Rasio piutang, pembiayaan dan pinjaman c. The ratio of small business receivables,
usaha kecil terhadap jumlah piutang, financing and funds to total sharia receivables,
pembiayaan dan pinjaman syariah yang financing and funds are 18.93% and 20.19%
diberikan Bank adalah sebesar 18,93% dan as at 31 December 2023 and 2022,
20,19% masing-masing pada tanggal respectively.
31 Desember 2023 dan 2022.
d. Jumlah piutang, pembiayaan dan pinjaman d. Receivables, financing and funds that have
yang diberikan yang telah direstrukturisasi been restructured by the Bank 31 December
oleh Bank sampai dengan tanggal 2023 and 2022 which are reported to the
31 Desember 2023 dan 2022 yang dilaporkan Financial Service Authority amounted to
kepada Otoritas Jasa Keuangan masing- Rp18,722,931 and Rp23,229,777,
masing adalah sebesar Rp18.722.931 dan respectively.
Rp23.229.777.
Jumlah pembiayaan yang direstrukturisasi Total amount of restructured financing related
akibat COVID-19 berdasarkan Peraturan OJK COVID-19 based on OJK Regulation
No. 11/POJK.03/2020 sampai dengan No. 11/POJK.03/2020 until 31 December 2023
31 Desember 2023 dan 2022 sebesar: and 2022 amounted to:
2023 2022
Lancar 6,985,891 12,352,835 Current
Dalam perhatian khusus 517,334 834,982 Special mention
Kurang lancar 358,809 608,694 Substandard
Diragukan 359,437 357,398 Doubtful
Macet 507,478 470,109 Loss
Jumlah 8,728,949 14,624,018 Total
Skema restrukturisasi dilakukan dengan Restructuring scheme involves extension of
perpanjangan jangka waktu, penjadwalan receivables/financing maturity date,
kembali dan penambahan plafon pembiayaan rescheduling and additional plafond of debtor’s
bagi debitur. receivables/financing.
e. Dalam laporan Batas Maksimum Penyaluran e. Based on the Maximum Limit for Distribution of
Dana dan Penyaluran Dana Besar ("BMPD") Funds and Distribution of Large Funds
kepada Otoritas Jasa Keuangan pada tanggal (“BMPD”) to the Financial Services Authority
31 Desember 2023 dan 2022 tidak terdapat as at 31 December 2023 and 2022 there are
piutang, pembiayaan dan pinjaman pihak no receivables, financing and funds related
terkait yang melampaui ketentuan BMPD. parties which exceeded the BMPD regulation.
Pihak terkait dalam ketentuan BMPD adalah Related parties in BMPD regulation are
perorangan atau perusahaan yang mempunyai individuals or companies that have a
hubungan pengendalian dengan Bank, baik controlling relationship with the Bank, either
secara langsung maupun tidak langsung, directly or indirectly, through ownership,
melalui hubungan kepemilikan, kepengurusan, management and/or financial relationships.
keuangan.
dan/atau
Halaman - 144 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 687
Page 690
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. INFORMASI PENTING LAINNYA (lanjutan) 47. OTHER SIGNIFICANT INFORMATION (continued)
f. Pada tanggal 8 Mei 2023, operasional Bank f. On 8 May 2023, the Bank's operations were
terdampak oleh insiden siber yang affected by a cyber incident which caused the
menyebabkan sistem Bank mengalami Bank's system to experience disruption. The
gangguan. Bank telah melakukan serangkaian Bank has carried out a series of corrective
tindakan perbaikan pada sistem, meningkatkan actions on its systems, enhanced the
keamanan siber dan memastikan data-data cybersecurity and ensured that financial data is
keuangan lengkap dan akurat. Manajemen complete and accurate. Management believes
meyakini bahwa insiden telah berhasil that the incident has been successfully
ditangani tanpa dampak yang material handled without a material impact on the
terhadap performa keuangan Bank. Bank's financial performance.
48. INFORMASI SEGMEN 48. SEGMENT INFORMATION
Pada tahun yang berakhir pada As at the year ended 31 December 2022, the Bank
31 Desember 2022, Bank menerapkan perubahan implemented changes to the presentation of
terhadap penyajian segmen operasi dengan tujuan operating segments in order to provide more
untuk memberikan informasi yang lebih comprehensive information. The Bank’s operating
komprehensif. Segmen operasi Bank dibagi segment is divided based on the following
berdasarkan beberapa segmen operasi sebagai operating segments: Corporate Banking,
berikut: Corporate Banking, Commercial Banking, Commercial Banking, Institutional Relation, Retail
Hubungan Kelembagaan, Ritel dan Treasury and Treasury Banking & Head Office. In
Banking & Kantor Pusat. Dalam menentukan hasil determining the results of operating segments,
segmen operasi, beberapa akun aset dan liabilitas certain asset and liability accounts and revenues
serta pendapatan dan biaya diatribusikan ke and expenses are attributed to each segment
masing-masing segmen berdasarkan kebijakan based on management's internal reporting policies.
pelaporan internal manajemen. Komponen Internal The components of Internal Transfer Pricing Model
Transfer Pricing Model diterapkan dalam are applied in the calculation of profit or loss
perhitungan kinerja laba rugi masing-masing performance of each segments.
segmen.
Perubahan pada penyajian segmen operasi antara The changes in presentation of operating
lain: segments, including:
- Pemisahan segmen Wholesale menjadi - Separation of the Wholesale segment into
segmen Corporate Banking dan Commercial Corporate Banking and Commercial Banking
Banking. segments.
- Pengelolaan dana nasabah Kementerian, - The management of customer funds from
Lembaga Pemerintah, yayasan dan universitas Ministries, Government Institutions, foundations
dipindahkan ke segmen Hubungan and universities was transferred to the
Kelembagaan yang sebelumnya tercatat di Institutional Relations segment, which was
segmen Lainnya dimigrasikan pada segmen previously listed in the Others segment,
Hubungan Kelembagaan. migrating to the Institutional Relation segment.
Ringkasan berikut menjelaskan operasi masing- The following summary describes the operations of
masing segmen dalam pelaporan segmen Bank: each segment in the Bank's segment reporting:
- Corporate Banking: melayani badan usaha - Corporate Banking: serves business entities
seperti BUMN dan anak perusahaannya, such as SOEs and their subsidiaries, state
lembaga negara, perusahaan multinasional, institutions, multinational companies, banks and
bank dan lembaga keuangan bukan bank non-bank financial institutions (including non-
(termasuk modal ventura non-linkage), linkage venture capital), syndicated financing,
pembiayaan sindikasi, perusahaan terbuka, public companies and securities companies.
dan perusahaan sekuritas.
- Commercial Banking: melayani badan usaha - Commercial Banking: serves business entities
seperti BUMD dan anak perusahaannya, such as BUMD and its subsidiaries, regional
pemerintah daerah, rumah sakit (kecuali diatur governments, hospitals (unless regulated in
dalam produk khusus), perguruan tinggi negeri special products), state and private universities
dan swasta (yayasan yang memiliki perguruan (foundations with tertiary institutions).
tinggi).
Halaman - 145 - Page
688 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 691
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. INFORMASI SEGMEN (lanjutan) 48. SEGMENT INFORMATION (continued)
Ringkasan berikut menjelaskan operasi masing- The following summary describes the operations of
masing segmen dalam pelaporan segmen Bank: each segment in the Bank's segment reporting:
(lanjutan) (continued)
- Hubungan Kelembagaan: saat ini difokuskan - Institutional Relation: currently focused on the
untuk pengelolaan dana nasabah dan management of customer funds and other
transaksi-transaksi lainnya milik nasabah transactions belonging to customers of
lembaga pemerintah dan dana pensiun BUMN. government institutions and BUMN pension
funds.
- Ritel: saat ini meliputi antara lain: - Retail: currently includes, among others:
• Ritel SME: melayani badan usaha swasta • SME Retail: serving private business
berbentuk badan hukum dan nonbadan entities in the form of legal entities and non-
hukum untuk tujuan produktif, pendidikan legal entities for productive purposes,
dasar & menengah, klinik, koperasi, pola primary & secondary education, clinics,
linkage, inti plasma, dan perorangan. cooperatives, linkage patterns, plasma core
and individuals.
• Ritel Mikro: ditujukan untuk melayani • Micro Retail: aimed at serving individual
nasabah individual dan pengusaha mikro, customers and micro entrepreneurs,
termasuk di dalamnya adalah penyaluran including the distribution of subsidised
pembiayaan bersubsidi untuk mendukung financing to support government programs
program pemerintah dalam in empowering community businesses.
memberdayakan usaha masyarakat.
• Ritel Konsumer: melayani perorangan • Consumer Retail: serving individuals for
untuk tujuan konsumtif/multiguna (antara consumptive/multipurpose purposes
lain produk Griya, Multiguna, Kendaraan, (among others Griya products,
Pensiunan, Kartu Pembiayaan, Cicil emas Multipurpose, Vehicles, Pensioners,
dan Gadai Emas, pembiayaan program Financing Cards, Gold Installments and
pemerintah). Pawn Gold, government program
financing).
- Lainnya: saat ini meliputi antara lain: - Others: currently include, among others:
• Treasuri: segmen treasury terkait dengan • Treasury: treasury segment related to the
kegiatan treasury Bank termasuk transaksi Bank's treasury activities including foreign
valuta asing, money market, fixed income, exchange transactions, money market,
bisnis perbankan internasional, pasar fixed income, international banking
modal, supervisi Kantor Luar Negeri. business, capital market, supervision of
Foreign Office.
• Kantor Pusat: terkait dengan pengelolaan • Head Office: related to the management of
aset dan liabilitas selain yang telah assets and liabilities other than those
dikelola oleh segmen operasi lainnya already managed by other operating
termasuk menerima alokasi biaya atas segments, including receiving cost
penyediaan jasa servis secara sentralisasi allocation for centralised service provision
kepada segmen lainnya serta to other segments as well as
pendapatan/biaya yang tidak teralokasi ke revenues/costs that are not allocated to
pelaporan segmen lainnya. other segment reporting.
Kinerja diukur berdasarkan laba segmen sebelum Performance is measured based on segment profit
pajak penghasilan, sebagaimana dilaporkan dalam before income tax, as reported in an internal
laporan internal manajemen yang direviu oleh management report reviewed by the Bank
Manajemen Bank. Keuntungan segmen digunakan Management. Segment profit is used to measure
untuk mengukur kinerja dimana manajemen performance where management believes that the
berkeyakinan bahwa informasi tersebut paling information is most relevant in evaluating the
relevan dalam mengevaluasi hasil segmen tersebut results of the segment relative to other entities
relatif terhadap entitas lain yang beroperasi dalam operating in the industry.
industri tersebut.
Halaman - 146 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 689
Page 692
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. INFORMASI SEGMEN (lanjutan) 48. SEGMENT INFORMATION (continued)
Berikut ini adalah informasi segmen Bank Information concerning the operating segments of
berdasarkan segmen operasi: the Bank are as follows:
31 Desember/December 2023
Treasury
Banking &
Hubungan Kantor Pusat/ Penyesuaian &
Kelembagaan/ Treasury Eliminasi/
Corporate Commercial Institutional Banking & Head Adjustment & Jumlah/
Keterangan Banking Banking Relation Retail Banking Office Elimination**) Total Descriptions
Revenue from fund
Pendapatan pengelolaan dana management
sebagai mudharib*) 4,169,405 1,014,705 3,655,374 22,626,774 2,306,807 (11,521,322) 22,251,743 as mudharib*)
Hak pihak ketiga atas bagi hasil*) (2,981,436) (654,183) (3,325,439) (10,277,479) (445,294) 11,690,663 (5,993,168) Third parties' share on return*)
Hak bagi hasil milik Bank 1,187,969 360,522 329,935 12,349,295 1,861,513 169,341 16,258,575 Bank's share in profit sharing
Pendapatan usaha lainnya 358,216 104,025 - 1,679,885 2,062,340 - 4,204,466 Other operating income
Beban usaha (134,737) (153,841) (84,689) (5,495,768) (4,380,169) - (10,249,204) Operating expenses
Beban cadangan kerugian penurunan Provision for impairment
nilai aset produktif dan losses on earning and
nonproduktif bersih (336,193) (133,567) - (2,155,440) 2,721 - (2,622,479) non-earning assets - net
Total beban (470,930) (287,408) (84,689) (7,651,208) (4,377,448) - (12,871,683) Total expenses
Pendapatan nonoperasional - - - - (2,156) - (2,156) Non-operating income
Laba sebelum zakat dan beban Income before zakat and
pajak penghasilan 1,075,255 177,139 245,246 6,377,972 (455,751) 169,341 7,589,202 income tax expenses
Zakat (25,822) (4,254) (5,889) (153,165) (600) - (189,730) Zakat
Beban pajak (228,650) (37,668) (52,151) (1,356,260) (21,000) - (1,695,729) Tax expense
Laba bersih 820,783 135,217 187,206 4,868,547 (477,351) 169,341 5,703,743 Net income
Aset segmen Segment of assets
Pembiayaan wholesale 54,541,919 12,969,097 - - - - 67,511,016 Wholesale financing
Pembiayaan ritel Retail fInancing
SME - - - 19,345,720 - - 19,345,720 SME
Mikro - - - 22,912,195 - - 22,912,195 Micro
Konsumer***) - - - 130,547,113 - - 130,547,113 Consumer***)
Cadangan kerugian penurunan Provision for impairment
nilai pembiayaan (4,042,106) (1,105,624) - (4,540,732) - - (9,688,462) losses for financing
Nonpembiayaan - bersih 920,109 - - - 122,076,433 - 122,996,542 Non-financing - net
51,419,922 11,863,473 - 168,264,296 122,076,433 - 353,624,124
Segment of liabilities,
Liabilitas, dana syirkah temporer temporary syirkah funds
dan ekuitas segmen and equity
Pendanaan 22,354,117 6,990,589 79,770,650 185,573,903 14,508,087 - 309,197,346 Funding
Nonpendanaan - - - - 44,426,778 - 44,426,778 Non-funding
22,354,117 6,990,589 79,770,650 185,573,903 58,934,865 - 353,624,124
31 Desember/December 2022
Treasury
Banking &
Hubungan Kantor Pusat/ Penyesuaian &
Kelembagaan/ Treasury Eliminasi/
Corporate Commercial Institutional Banking & Head Adjustment & Jumlah/
Keterangan Banking Banking Relation Retail Banking Office Elimination**) Total Descriptions
Revenue from fund
Pendapatan pengelolaan dana management
sebagai mudharib*) 3,028,731 995,601 2,770,467 19,841,444 2,180,414 (9,193,792) 19,622,865 as mudharib*)
Hak pihak ketiga atas bagi hasil*) (1,929,202) (575,465) (2,272,436) (8,899,486) (134,359) 9,778,779 (4,032,169) Third parties' share on return*)
Hak bagi hasil milik Bank 1,099,529 420,136 498,031 10,941,958 2,046,055 584,987 15,590,696 Bank's share in profit sharing
Pendapatan usaha lainnya 235,198 25,350 - 686,723 2,753,840 - 3,701,111 Other operating income
Beban usaha (96,186) (106,097) (67,091) (4,606,877) (5,019,085) - (9,895,336) Operating expenses
Beban cadangan kerugian penurunan Provision for impairment
nilai aset produktif dan losses on earning and
nonproduktif bersih (500,333) (407,703) - (2,112,972) (727,789) - (3,748,797) non-earning assets - net
Total beban (596,519) (513,800) (67,091) (6,719,849) (5,746,874) - (13,644,133) Total expenses
Pendapatan nonoperasional - - - - 8,534 - 8,534 Non-operating income
Laba sebelum zakat dan beban Income before zakat and
pajak penghasilan 738,208 (68,314) 430,940 4,908,832 (938,445) 584,987 5,656,208 income tax expenses
Zakat (17,175) - (10,026) (114,204) - - (141,405) Zakat
Beban pajak (152,381) - (88,955) (1,013,285) - - (1,254,621) Tax expense
Laba bersih 568,652 (68,314) 331,959 3,781,343 (938,445) 584,987 4,260,182 Net income
Aset segmen Segment of assets
Pembiayaan wholesale 46,139,198 11,044,987 - - - - 57,184,185 Wholesale financing
Pembiayaan ritel Retail financing
SME - - - 18,904,947 - - 18,904,947 SME
Mikro - - - 18,740,411 - - 18,740,411 Micro
Konsumer***) - - - 112,875,313 - - 112,875,313 Consumer***)
Cadangan kerugian penurunan Provision for impairment
Nilai pembiayaan (4,060,934) (1,064,139) - (4,226,235) 152,920 - (9,198,388) losses for financing
Nonpembiayaan - bersih 859,122 - - - 106,361,848 - 107,220,970 Non-financing - net
42,937,386 9,980,848 - 146,294,436 106,514,768 - 305,727,438
Segment of liabilities,
Liabilitas, dana syirkah temporer temporary syirkah funds
dan ekuitas segmen and equity
Pendanaan 10,197,506 4,543,448 77,370,904 170,456,759 4,228,374 - 266,796,991 Funding
Nonpendanaan - - - - 38,930,447 - 38,930,447 Non-funding
10,197,506 4,543,448 77,370,904 170,456,759 43,158,821 - 305,727,438
*) *)
Termasuk komponen internal transfer pricing antar segmen operasi Include component of internal transfer pricing among operating segments
**) **)
Termasuk eliminasi komponen internal transfer pricing Include elimination of internal transfer pricing components
***) ***)
Termasuk segmen pawning dan hasanah card
Include pawning and hasanah card segment Include pawning an
Halaman - 147 - Page
690 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 693
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. PERJANJIAN, KOMITMEN DAN KONTINJENSI 49. SIGNIFICANT AGREEMENTS, COMMITMENTS
SIGNIFIKAN AND CONTINGENCIES
Liabilitas kontinjensi Contingent liabilities
Dalam menjalankan usahanya, Bank menghadapi In conducting the business, the Bank faces various
berbagai perkara hukum yang terkadang legal cases which sometimes involve claims for
mengandung tuntutan ganti rugi dimana Bank compensation in which the Bank is positioned as a
berposisi sebagai tergugat, terutama sehubungan defendant, especially in relation to the parties'
dengan kepatuhan para pihak terhadap compliance with agreements/contracts.
perjanjian/kontrak.
Walaupun terdapat perkara yang masih berproses, Although there are cases that are still in process,
Bank berpendapat bahwa berdasarkan informasi the Bank believes that based on information
yang ada dan posisi hukum Bank, tuntutan hukum currently available and the Bank’s legal position,
ini tidak akan berdampak secara material pada these legal claims will not likely have a material
operasi, posisi keuangan atau tingkat likuiditas effect on the operations, financial position or
Bank. liquidity level of the Bank.
Pada tanggal 31 Desember 2023 dan 2022, Bank As at 31 December 2023 and 2022, the Bank has
telah membentuk cadangan (disajikan dalam akun established a provision (included in “Other
“Liabilitas Lain-lain”) untuk sejumlah tuntutan Liabilities”) for a number of legal claims which have
hukum yang telah berkekuatan hukum tetap permanent legal force (inkracht) and which are still
(inkracht) maupun yang masih dalam proses in process amounting to Rp2,988 and Rp2,928,
masing-masing sebesar Rp2.988 dan Rp2.928. respectively. Management believes that the
Manajemen berpendapat bahwa jumlah cadangan provision is adequate to cover losses due to the
yang dibentuk telah memadai untuk menutup legal risks.
kerugian akibat hukum yang belum diputuskan atau
masih dalam proses.
50. TAMBAHAN INFORMASI ARUS KAS 50. SUPPLEMENTARY CASH FLOW INFORMATION
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing
pendanaan pada laporan arus kas adalah sebagai activities in the statement of cash flows are as
berikut: follows:
31 Desember/December 2023
Selisih kurs/
1 Januari/ Aktivitas nonkas/ Arus kas/ Foreign exchange Lainnya/ Jumlah/
Keterangan 1 January 2023 Non-cash activity Cash flow difference Others Total Descriptions
Subordinated sukuk
Sukuk mudharabah subordinasi 1,375,000 - (1,175,000 ) - - 200,000 mudharabah
Pembiayaan berjangka mudharabah 778,375 - (5,057 ) 2,932 - 776,250 Mudharabah term financing
Sukuk mudharabah
Sukuk mudharabah muqayyadah - (151) 3,759 - - 3,608 muqayyadah
Liabilitas sewa 166,002 91,933 (134,742 ) - - 123,193 Lease liabilities
Liabilitas kepada Bank Indonesia - - 11,900,055 - - 11,900,055 Liabilities to Bank Indonesia
31 Desember/December 2022
Selisih kurs/
1 Januari/ Aktivitas nonkas/ Arus kas/ Foreign exchange Lainnya/ Jumlah/
Keterangan 1 January 2022 Non-cash activity Cash flow difference Others Total Descriptions
Subordinated sukuk
Sukuk mudharabah subordinasi 1,375,000 - - - - 1,375,000 mudharabah
Pembiayaan berjangka mudharabah - - 742,500 35,875 - 778,375 Mudharabah term financing
Liabilitas sewa 289,101 1,093 (124,192 ) - - 166,002 Lease liabilities
51. OPINI DEWAN PENGAWAS SYARIAH 51. OPINION OF THE SHARIA SUPERVISORY
BOARD
Berdasarkan surat No. 01/BSI/DPS/OPINI/I/2024 Based on letter No. 01/BSI/DPS/OPINI/I/2024
tanggal 16 Januari 2024, Dewan Pengawas dated 16 January 2024, the Sharia Supervisory
Syariah (“DPS”) PT Bank Syariah Indonesia Tbk Board (“DPS”) of PT Bank Syariah Indonesia Tbk
menyatakan bahwa secara umum aspek syariah expressed opinions that in general, the sharia
dalam operasional dan produk PT Bank Syariah aspects on products and operations of PT Bank
Indonesia Tbk untuk tahun yang berakhir pada Syariah Indonesia Tbk for the year ended 31
tanggal 31 Desember 2023, telah mengikuti fatwa December 2023, have complied with fatwa and
dan ketentuan syariah yang dikeluarkan oleh sharia regulations issued by National Sharia Board
Dewan Syariah Nasional Majelis Ulama Indonesia of Indonesian Ulama Council (“DSN-MUI”), and
(“DSN-MUI”), serta opini syariah dari DPS. sharia opinion of DPS.
nd hasanah card segment
Halaman - 148 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 691
Page 694
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. OPINI DEWAN PENGAWAS SYARIAH (lanjutan) 51. OPINION OF THE SHARIA SUPERVISORY
BOARD (continued)
Berdasarkan surat No. 03/BSI/DPS/OPINI/I/2023 Based on letter No. 03/BSI/DPS/OPINI/I/2023
tanggal 18 Januari 2023, DPS PT Bank Syariah dated 18 January 2023, the DPS of PT Bank
Indonesia Tbk menyatakan bahwa secara umum Syariah Indonesia Tbk expressed opinions that in
aspek syariah dalam operasional dan produk general, the sharia aspects on products and
PT Bank Syariah Indonesia Tbk untuk tahun yang operations of PT Bank Syariah Indonesia Tbk for
berakhir pada tanggal 31 Desember 2022, telah the year ended 31 December 2022, have complied
mengikuti fatwa dan ketentuan syariah yang with fatwa and sharia regulations issued by DSN-
dikeluarkan oleh DSN-MUI, serta opini syariah dari MUI, and sharia opinion of DPS.
DPS.
52. RENCANA BARANG MODAL 52. CAPITAL EXPENDITURE COMMITMENTS
Bank memiliki komitmen barang modal terkait The Bank has capital expenditure plans in relation
dengan renovasi bangunan, pengadaan kendaraan to the building renovations, procurement of office
dinas, perlengkapan komputer, ATM dan jasa vehicles, computer equipments, ATMs and system
lisensi sistem adalah sebesar Rp2.018.556 dan license services amounting to Rp2,018,556 and
Rp576.702, masing-masing pada tanggal Rp576,702 as at 31 December 2023 and 2022,
31 Desember 2023 dan 2022. respectively.
53. STANDAR AKUNTANSI KEUANGAN BARU 53. NEW FINANCIAL ACCOUNTING STANDARDS
YANG TELAH DISAHKAN NAMUN BELUM ISSUED BUT NOT YET EFFECTIVE
BERLAKU EFEKTIF
Dewan Standar Akuntansi Keuangan Ikatan Financial Accounting Standard Board of Indonesian
Akuntan Indonesia (“DSAK-IAI”) telah menerbitkan Institute of Accountants (“DSAK-IAI”) has issued
standar baru, amendemen dan interpretasi berikut, the following new standards, amendments and
namun belum berlaku efektif untuk tahun buku interpretations, but not yet effective for the financial
yang dimulai pada 1 Januari 2023 adalah sebagai year beginning 1 January 2023 are as follows:
berikut:
- Amendemen PSAK 1: “Penyajian Laporan - Amendment of SFAS 1: “Presentation of
Keuangan” terkait liabilitas jangka panjang Financial Statements” insurance contract
dengan kovenan; regarding long-term liabilities with the
covenant;
- Amendemen PSAK 1: "Penyajian Laporan - Amendment of SFAS 1: "Presentation of
Keuangan" tentang klasifikasi liabilitas lancar Financial Statements" regarding classification
atau tidak lancar; dan of liabilities as current or non-current; and
- Amendemen PSAK 73: “Sewa” terkait liabilitas - Amendment of SFAS 73: “Leases” regarding
sewa pada transaksi jual dan sewa-balik. lease liabilities in sale-and-lease back
transactions.
Standar tersebut akan berlaku efektif pada The above standards will be effective on
1 Januari 2024 dan penerapan dini diperbolehkan. 1 January 2024 and early adoption is permitted.
- PSAK 74: “Kontrak Asuransi”; dan - SFAS 74: “Insurance Contract”; and
- Amendemen PSAK 74: “Kontrak Asuransi” - Amendment of SFAS 74: “Insurance Contract”
terkait Penerapan Awal PSAK 74 dan PSAK regarding Initial Application of SFAS 74 and
71 - Informasi Komparatif. SFAS 71 - Comparative Information.
Standar tersebut akan berlaku efektif pada The above standards will be effective on
1 Januari 2025. 1 January 2025.
Mulai tanggal 1 Januari 2024, referensi terhadap Beginning 1 January 2024, references to the
masing-masing PSAK dan ISAK akan diubah individual SFAS and ISAKs will be changed as
sebagaimana diterbitkan oleh DSAK-IAI. published by DSAK-IAI.
Pada saat penerbitan laporan keuangan, Bank As at the authorisation date of financial statements,
masih mempelajari dampak yang mungkin timbul the Bank is still evaluating the potential impact of
dari penerapan standar baru dan revisi tersebut these new and revised standards to the financial
serta pengaruhnya pada laporan keuangan. statements.
Halaman - 149 - Page
692 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
Page 695
PT BANK SYARIAH INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
31 DESEMBER 2023 31 DECEMBER 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. REKLASIFIKASI LAPORAN KEUANGAN 54. RECLASSIFICATIONS OF THE PRIOR YEAR
TAHUN SEBELUMNYA FINANCIAL STATEMENTS
Bank melakukan reklasifikasi atas penyajian aset The Bank reclassified the presentation of intangible
tidak berwujud yang menjadi bagian dari aset tetap assets which were part of fixed assets in the prior
pada laporan keuangan tahun sebelumnya. year financial statements. The effect of the
Pengaruh reklasifikasi tersebut pada laporan posisi reclassification on the statement of financial
keuangan dan laporan arus kas untuk tahun yang position and statement of cash flows for the year
berakhir 31 Desember 2022 adalah sebagai ended 31 December 2022 are as follows:
berikut:
2022
Sebelum Setelah
reklasifikasi/ reklasifikasi/
Before Reklasifikasi/ After
reclassification Reclassification reclassification
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
ASET ASSETS
Aset tetap dan Fixed assets and
aset hak guna - bersih 5,654,698 (258,688) 5,396,010 right-of-use assets - net
Aset tidak berwujud - bersih - 258,688 258,688 Intangible assets - net
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Perolehan aset tetap (2,041,797) 144,715 (1,897,082) Acquisition of fixed assets
Perolehan aset tidak berwujud - (144,715) (144,715) Acquisition of intangible assets
Jika Bank menyajikan laporan posisi keuangan If the Bank were to present the statement of
pada awal periode komparatif, saldo aset tetap dan financial position at the beginning of comparative
aset hak guna - bersih serta aset tidak berwujud - period, fixed assets and right-of-use assets - net
bersih masing-masing sebesar Rp3.871.257 dan and intangible assets - net balance of Rp3,871,257
Rp184.696 pada 1 Januari 2022; arus kas and Rp184,696, respectively; the cash flows from
perolehan aset tetap dan aset tidak berwujud acquisition of fixed assets and intangible assets of
masing-masing sebesar Rp698.897 dan Rp88.607 Rp698,897 and Rp88,607, respectively for the year
untuk tahun yang berakhir 31 Desember 2021. ended 31 December 2021. No other changes to the
Tidak ada perubahan lain pada laporan posisi statement of financial position as at 1 January 2022
keuangan pada 1 Januari 2022 yang diperlukan, would have been required, and therefore the Bank
dan oleh karena itu Bank tidak menyajikan laporan does not present the additional statement of
tambahan posisi keuangan pada awal periode financial position at the beginning of the
komparatif. comparative period.
Halaman - 150 - Page
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 693
Page 696
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Page 697
Business Support Corporate Governance Social and Environment Financial Statements
Review Responsibility
Appendix
Financial Services Authority Circular Letter No. 10/SEOJK.03/2020
concerning Transparency and Publication of Reports for Islamic
Commercial Banks and Sharia Business Units
Description Page
ANNUAL PERIOD
1. Scope
a. Annual report of published financial statements and information on financial performance of Sharia √
Commercial Banks (BUS) covers:
1) general information; √
2) information on financial performance; √
3) risk exposure and capital; √
4 governance; √
5) audited financial statements; and √
6) related information on BUS business group.
b. Description of the respective scope of discussions are as follow:
1) General Information
General information in the annual report of published financial statements and information on
financial performance of BUS cover at the very least:
a) Financial Highlights 12
The Financial Highlights section presents financial information in a comparative format for 2 (two) 12
financial years, or since the BUS began its business for BUS that has been in business for less than
2 (two) years. At the very least, financial highlights covers:
(1) net revenues after distribution of profit sharing, fees and bonuses; 13
(2) operating profit/loss; 13
(3) profit/loss before taxes; 13
(4) net profit/loss; 14
(5) total comprehensive profit/loss; 14
(6) net income per share; 14
(7) total assets; 12
(8) total liabilities; 12-13
(9) total equity; 13
(10) earning assets; 175
(11) third party funds; 155; 184
(12) borrowings; 13
(13) financial ratios, at least of:
i. CAR; 15
ii. ROA; 15
iii. ROE; 15
iv. BOPO; 15
v. CIR; 15
vi. percentage of LLL violation and exceedance; 15
vii. mandatory minimum reserves; 15
viii. net open position; 15
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ix. NPF gross and NPF net; and 15
x. profit/loss to revenue ratio; and 15
(14) other relevant information 15
b) Profile of BUS
The profile of BUS covers at least:
(1) the name of BUS, including if there has been a change of name, the reason for the change, and 67
effective date of name in the Fiscal Year;
(2) information on the head office of BUS where the general public may obtain information about
the BUS, covering:
i. address; 68
ii. telephone number; 68
iii. fax number; 68
iv. e-mail address; and 68
v. web site address; 68
(3) brief profile of BUS; 70-71
(4) vision and mission of BUS; 74-75
(5) line(s) of business according to the latest articles of association, business activities performed 76-86
in the Fiscal Year, and types of products and activities;
(6) organization structure of BUS, at the very least to 1 (one) level below the Directors, with 100-101
name and position;
(7) shareholding structure and composition, that is, names of shareholders and percentage of
share-ownership, including:
i. shareholders with a minimum of 5% (five percent) of shares of the BUS; 138
ii. members of the board of directors and board of commissioners that hold shares of the 139-142
BUS;
iii. public shareholders, that is, shareholders that each held less than 5% (five percent) of 138
shares of the BUS (if any); and
iv. information on the controlling shareholder(s) of the BUS, up to the individual ultimate 143
shareholders, presented in a schematic diagram or chart;
(8) profiles of the Board of Directors, Board of Commissioners, and the DPS (Sharia Supervisory
Board), covering at least:
i. structure of the Board of Directors, Board of Commissioners and DPS, as well as position 103-126
and curriculum vitae.
In the event of changes in the membership composition of the Board of Directors, Board -
of Commissioners and/or DPS occurring subsequent to the end of the Fiscal Year and
up to the deadline for submission of the annual report of published financial statements
and information on financial performance, membership composition of the Board of
Directors, Board of Commissioners and DPS shall be presented both prior and after the
change;
ii. latest photograph; 103-126
iii. age; 103-126
iv. citizenship; 103-126
v. education; 103-126
vi. work history, with information on:
(i) number and date of deed of ratification, letter of approval and/or record from the 103-126
relevant authority regarding the appointment as member of the Board of Directors,
Board of Commissioners or DPS;
(ii) concurrent position(s) of members of the Board of Directors, Board of 103-126
Commissioners and DPS (if any); and
(iii) prior work experience and period of service, in or outside the BUS; 103-126
vii. education and/or training attended by members of the Board of Directors, Board of 338-352; 362-
Commissioners, and DPS during the Fiscal Year (if any); and 366; 380-390
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viii. financial, management and share ownership relations, and/or family relationship with 103-126; 327-
members of the Board of Directors, members of the Board of Commissioners, and/or 328; 371
controlling shareholders (if any) and names of the members of the Board of Directors,
members of the Board of Commissioners, and/or the controlling shareholder;
(9) brief profiles of executive officers, with structure, position and summary curriculum vitae; 131-133
(10) number of employees and employee grouping by education and age in the Fiscal Year; 236-137
(11) names and address of supporting professionals/institutions. 146-147; 151
In the event of supporting professionals/institutions that provide regular services to the 146-147
BUS, such as a public accountant firm or notary, should be disclosed information on services
provided, commission (fee) paid, and period of assignment; and
(12) award and/or certification received by the BUS, at the national and international level, in the 25
last Fiscal Year (if any), that covers:
i. name of award and/or certification; 25
ii. organization/institution that issued the award and/or certification; and 25
iii. validity period of award and/or certification (if any). 25
c) Report of the Board of Directors
The report of the Board of Directors should at least present brief information on the performance
of the BUS, comprising of:
(1) strategy and policies taken; 49
(2) comparison between achievements and targets; 50
(3) constraints faced by the BUS; 50-51
(4) overview of business prospects; 51-52
(5) implementation of governance at the BUS; 52-53
(6) changes in membership composition of the Board of Directors and the reason for such 54-55
changes (if any);
(7) primary activities; 76-86; 192-202
(8) information technology; 53; 222-232
(9) financing to customers in the MSME segment; 50
(10) percentage of fees in funding and financing; 50
(11) economic development and market target; 48-49
(12) business partners and networks, domestic and/or overseas; 87-99
(13) number, type and location of branch offices of BUS; 87
(14) ownership by the Board of Directors, Board of Commissioners and shareholders in the 139-142
business group of BUS;
(15) significant changes occurring at the BUS and business group of BUS in the current year; -
(16) prediction of significant future issues; and 52
(17) information on human resources, covering number, education level, training and competence 136-137; 210-221
development programs attended.
d) Report of the Board of Commissioners 36
The report of the Board of Commissioners should at least covers:
(1) assessment of the performance of the Board of Directors in the management of the BUS; 38-39
(2) supervision on the implementation of strategies of the BUS; 39-40
(3) opinion on the business prospects of BUS as prepared by the Board of Directors; 41
(4) opinion on the implementation of governance at the BUS; 42
(5) changes in the membership composition of the Board of Commissioners and the reason for 42-43
such changes (if any); and
(6) frequency and mechanism for advising the members of the Board of Directors. 41-42
2) Information on Financial Performance
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Information on financial performance includes a management discussion and analysis presenting an
analysis and discussion of financial statements accounts and other important information with an
emphasis on material changes that occurred during the Fiscal Year, which at least includes:
a) review of performance by business segments, such as consumer, retail or corporate segments, at 156-167
least covering:
(1) revenues; and 156-167
(2) profitability; 156-167
b) review of financial performance, comparing current year financial performance with those in the
preceding year, as well as explanation for changes in the accounts and the impact of such changes,
covering at least:
(1) fund disbursement (investment and financing) and total assets; 168-170
(2) third party funds and other sources of funding; 184
(3) equity; 172-173
(4) revenues, expenses, profit/loss, other comprehensive income, and total comprehensive 173-174
profit/loss; and
(5) cash flows; 174
c) analysis of earning asset quality and financial ratios; 175
d) capital structure; 181-182
e) material information or fact subsequent to the date of public accountant report (if any); 183
f) marketing aspects of products and activities of the BUS, containing at least information on 185-189
marketing strategy and market share;
g) description of dividend distribution during the last 2 (two) Fiscal Years (if any), disclosing at least:
(1) dividend policy; 189
(2) date of payment of cash dividend and/or date of distribution of non-cash dividend; 189
(3) earning per share, cash or non-cash; 189
(4) amount of dividend payment in the year; 189
h) changes in laws and regulations with significant impact to the BUS and the impact thereof to the 205-206
financial statements (if any); and
i) changes in accounting policies, reason for such changes, and the impact thereof to the financial 207
statements (if any);
j) report of distribution of profit sharing; 175-176
k) report of sources and utilization of zakat and wakaf funds; and 176-177
l) report of sources and utilization of social donation funds. 177
3) Risk exposure and capital
The scope of discussions on risk exposure and capital shall refers to the Attachment to this OJK 243; 252-293
Circular Letter.
4) Governance
a) Information on governance 296
In the event that BUS discloses information on governance as an inseparable part of the annual 296-527
report of published financial statements and information on financial performance, the scope of
governance information is in accordance with the provisions of laws and regulations regarding the
implementation of good corporate governance for sharia commercial banks and sharia business
units as well as regulations of the Financial Services Authority concerning the implementation of
governance in providing remuneration for sharia commercial banks and sharia business units.
b) Sustainability Report 530
(1) The sustainability report should conform with relevant regulations from OJK on the
implementation of sustainable finance for financial services institutions, issuers, and public
companies.
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In the event that BUS prepares the sustainability report as an inseparable part of the annual
report of published financial statements and information on financial performance, the scope
of such sustainability report should conform with relevant regulations from OJK on the
implementation of sustainable finance for financial services institutions, issuers, and public
companies.
(2) Social and environmental responsibility report of the BUS in accordance with laws and
regulations on social and environmental responsibility for limited liability companies.
Information on social and environmental responsibility covers management policies, types of
programs, and costs expended, among other things in aspects of:
(a) environment; -
(b) labor practices; -
(c) sound institutional practices; -
(d) consumer; and -
(e) community development. -
In the event that BUS presents information on social and environmental responsibility in a
separate report such as in a social and environmental responsibility report or a sustainability
report, the BUS is exempted from disclosing information regarding social and environmental
responsibility in the annual report of published financial statements and information on financial
performance.
5) Audited Financial Statements 533 (Attachment)
The financial statements that have been audited by a public accountant and public accountan firm 533 (Attachment)
registered with the OJK, which covers:
a) statement of financial position; 533 (Attachment)
b) statement of profit or loss and other comprehensive income; 533 (Attachment)
c) statement of changes in equity; 533 (Attachment)
d) statement of cash flows; and 533 (Attachment)
e) notes to the financial statements, including information on commitments and contingencies. 533 (Attachment)
6) Information related to the business group of BUS
For BUS that is part of a business group and/or that have a Subsidiary Entity, the following information
should be included in the annual report of published financial statements and information on financial
performance:
a) structure of BUS business group, covering: 143
(1) structure of BUS business group, comprising the BUS, Subsidiary Entity, Related Entity, -
Parent Entity, and up to the ultimate shareholder;
(2) management relationship among companies in the BUS business group; and -
(3) shareholders acting in concert -
Shareholders acting in concert refer to individual or institutional shareholders with a -
common objective of controlling the BUS, with or without a formal agreement;
b) transactions between the BUS and related parties in the BUS business group, with consideration 193-204
of the followings:
(1) information on transactions with related parties, whether conducted by BUS or by any entity 193-204
in the BUS business group in the financial sector;
(2) related parties are parties defined as such in relevant financial accounting standards; 193-204
(3) types of transaction with related parties, including:
(a) cross shareholding; √
(b) transactions by a business group performed in the interest of another business group; √
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(c) short-term liquidity management in the business group; √
(d) funding provided to, or received by, another entity in a business group; √
(e) exposure to a majority shareholder in the form of, among others, loans, commitments and √
contingencies; and
(f) transactions for the purchase, sale and/or rental of assets with another entity in the √
business group, including transactions with repurchase agreement (repo);
c) transactions with related parties conducted by each entity in the BUS business group in the 193-204
financial sector;
d) the provision of funding, commitments or equivalent facilities from an entity in the BUS business -
group to the customers and/or parties that already received financing from the BUS;
e) existence of a prohibition, restriction, and/or other significant constraint to transfer funds or to -
fulfil the required regulatory capital between BUS and other entities in a business group; and
f) name and address of Subsidiary Entity, associated entities and joint venture entities where the -
BUS have a common control with the entity, along with the percentage of share-ownership, line of
business, total assets and operational status of the BUS (if any).
c. The BUS that is 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.
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SEOJK Reference
16-SEOJK.04-2021: Annual Report of Issuers and Public Companies
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.
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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.
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; √
b. Stock information (if any); √
c. The Board of Directors report; √
d. The Board of Commissioners report; √
e. Profile of Issuer or Public Company; √
f. Management discussion and analysis; √
g. Corporate governance applied by the Issuer or Public Company; √
h. Corporate social and environmental responsibility of the Issuer or Public Company; √
i. Audited annual report; and √
j. Statement that the Board of Directors and the Board of Commissioners are fully responsible for √
the Annual Report;
2. Description of Content of Annual Report
a. Ikhtisar Data Keuangan Penting 12
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; 13
2) gross profit; 13
3) profit (loss); 14
4) total profit (loss) attributable to equity holders of the parent entity and non-controlling 14
interest;
5) total comprehensive profit (loss); 14
6) total comprehensive profit (loss) attributable to equity holders of the parent entity and non 14
controlling interest;
7) earning (loss) per share; 14
8) total assets; 12
9) total liabilities; 12-13
10) total equities; 12-13
11) profit (loss) to total assets ratio; -
12) profit (loss) to equities ratio; -
13) profit (loss) to income ratio; 15
14) current ratio; -
15) liabilities to equities ratio; -
16) liabilities to total assets ratio; and -
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17) other information and financial ratios relevant to the Issuer or Public Company and type of 15
industry;
b. Stock Information 16
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 16
covering:
a) number of outstanding shares; 16
b) market capitalization based on the price at the Stock Exchange where the shares 16
listed on;
c) highest share price, lowest share price, closing share price at the Stock Exchange 16
where the shares listed on; and
d) share volume at the Stock Exchange where the shares listed on; 16
Information in point a) should be disclosed by the Issuer, the public company whose shares 16
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 16
company whose shares is listed in the Stock Exchange;
2) in the event of corporate actions, including stock split, reverse stock, dividend, bonus share, 18
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;
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 18
the year under review, then the Issuers or Public Company should provide explanation on
the reason for the 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 taken by the company in resolving the suspension and/or
delisting;
c. The Board of Directors Report 46
The Board of Directors Report should at least contain the following items:
1) the performance of the Issuer or Public Company, at least covering: 49
a) strategy and strategic policies of the Issuer or Public Company; 49
b) Role of the Board of Directors in formulating strategies and strategic policies of 49
Issuers or Public Companies;
c) Process carried out by the Board of Directors to ensure the implementation of the 49-50
Issuer’s or Public Company’s strategy;
d) comparison between achievement of results and targets; and 50
e) challenges faced by the Issuer or Public Company; 50-51
2) description on business prospects; 51-52
3) implementation of good corporate governance by Issuer or Public Company; and 52-53
4) changes in the composition of the Board of Directors and the reason behind (if any); -
d. The Board of Commissioners Report 36
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 38-39
Public Company;
2) Supervision on the implementation of the strategy of the Issuer or Public Company; 39-40
3) View on the business prospects of the Issuer or Public Company as established by the Board 41
of Directors;
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4) View on the implementation of the corporate governance by the Issuer or Public Company; 42
5) Changes in the composition of the Board of Commissioners and the reason behind (if any); -
and
6) Frequency and method of providing advice to members of the Board of Directors; -
e. Profile of the Issuer or Public Company 67
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 68
effective date of the change of name during the year under review;
2) access to Issuer or Public Company, including branch office or representative office, where 69
public can have access of information of the Issuer or Public Company, which include:
a) Address; 69
b) Telephone number; 69
c) Facsimile number; 69
d) E-mail address; and 69
e) Website address; 69
3) Brief history of the Issuer or Public Company; 70-71
4) Vision and mission of the Issuer or Public Company; 74-75
5) Line of business according to the latest Articles of Association, and types of products and/or 76-86
services produced;
6) Operational area of the Issuer or Public Company 87-99
7) Structure of organization of the Issuer or Public Company in chart form, at least 1 (one) 100-101
level below the Board of Directors, with the names and titles;
8) List of industry association memberships both on a national and international scale related 102
to the implementation of sustainable finance;
9) The Board of Directors profiles include: 117-127
a) Name and short description of duties and functions; 117-127
b) Latest photograph; 117-127
c) Age; 117-127
d) Citizenship; 117-127
e) Education; 117-127
f) history position, covering information on:
(1) Legal basis for appointment as member of the Board of Directors to the said 117-127
Issuer or Public Company;
(2) Dual position, as member of the Board of Directors, member of the Board of 117-127
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; 117-127
g) Affiliation with other members of the Board of Directors, members of the Board of 117-127; 371
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 54-55
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: 103-112
a) Name; 103-112
b) Latest photograph; 103-112
c) Age; 103-112
d) Citizenship; 103-112
e) Education; 103-112
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f) History position, covering information on:
(1) Legal basis for the appointment as member of the Board of Commissioners 103-112
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 103-112
Commissioners who also Independent Commissioner at the said Issuer or
Public Company;
(3) Dual position; as member of the Board of Commissioners, member of the 103-112
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; 103-112
g) Affiliation with other members of the Board of Commissioners, major shareholders, 103-112; 327-
and controllers either directly or indirectly to individual owners, including names of 328
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 331-332
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 42-43
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, 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 136-137
(permanent/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: 138
a) Shareholders having 5% (five percent) or more shares of Issuer or Public Company; 138
b) Commissioners and Directors who own shares of the Issuers or Public Company; and 139-142
c) Groups of public shareholders, or groups of shareholders, each with less than 5% 138
(five percent) ownership shares of the Issuers or Public Company;
14) The percentage of indirect ownership of the shares of the Issuer or Public Company by 139-142
members of the Board of Directors and members of the Board of Commissioners at the
beginning and end of the fiscal year, including 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: 138-139
a) Ownership of local institutions; 138-139
b) Ownership of foreign institutions; 138-139
c) Ownership of local individual; and 138-139
d) Ownership of foreign individual; 138-139
16) Information on major shareholders and controlling shareholders the Issuers of Public 143
Company, directly 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);
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 144
listing up to the end of the financial year, and name of Stock Exchange where the Issuers of
Public Company shares are listed;
19) Other securities listing information other than the securities as referred to in number 18), 145
which have not yet matured in the fiscal year, at least contain the name of the securities,
year of issue, interest rate/yield, 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) 145
services and their networks/associations/alliances include:
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a) name and address; 145
b) period of assignment; 145
c) informasi jasa audit dan/atau non audit yang diberikan; 145
d) Audit and/or non-audit fees for each assignment given during the fiscal year; and 145
e) In the event that AP and KAP and their network/association/alliance, which are 145
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 146-147
AP and KAP
f. Management Discussion and Analysis 151
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 156
Public Company including:
a) Production, including process, capacity, and growth; 156-167
b) Income/sales; and 156-167
c) Profitability; 156-167
2) comprehensive financial performance analysis which includes a comparison between the 168
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; 168-170
b) Short term liabilities, long term liabilities, total liabilities; 170-172
c) Equities; 172-173
d) Sales/operating revenues, expenses and profit (loss), other comprehensive revenues, 173-174
and total comprehensive profit (loss); and
e) Cash flows 174
3) The capacity to pay debts by including the computation of relevant ratios; 178-179
4) Accounts receivable collectability of the Issuer or Public Company, including the 179-181
computation of the relevant ratios;
5) Capital structure and management policies concerning capital structure, including the basis 181-182
for determining the said policy;
6) discussion on material ties for the investment of capital goods, including the explanation on 183
at least:
a) The purpose of such ties; -
b) Source of funds expected to fulfill the said ties; -
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 183
include:
a) Type of investment of capital goods; 183
b) Objective of the investment of capital goods; and 183
c) Value of the investment of capital goods; 183
8) Material Information and facts that occurring after the date of the accountant’s report 183
(if any);
9) Information on the prospects of the Issuer or the Company in connection with 183-184
industry,economy in 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), 184
concerning:
a) Income/sales; 184
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b) Profit (loss); 184
c) Capital structure; or 184
d) Dividend policy; or 184
e) Others that deemed necessary for the Issuer or Public Company; 184
11) Target/projection at most for the next one year of the Issuer or Public Company, concerning: 184-185
a) Income/sales; 184-185
b) Profit (loss); 184-185
c) Capital structure; or 184-185
d) Dividend policy; or 184-185
e) Others that deemed necessary for the Issuer or Public Company; 184-185
12) Marketing aspects of the company’s products and/or services the Issuer or Public Company, 185-189
among others marketing strategy and market share;
13) Description regarding the dividend policy during the last 2 (two) fiscal years, at least: 189
a) Dividend policy; 189
b) The date of the payment of cash dividend and/or date of distribution of non-cash 189
dividend;
c) Amount of cash per share (cash and/or non cash); and 189
d) Amount of dividend per year paid; 189
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: 191
a) during the year under review, on which the Issuer has the obligation to report the 191
realization of the use of proceeds, then the realization of the cumulative use of
proceeds until the year end should be disclosed; and
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;
15) Material information (if any), among others concerning investment, expansion, divestment, 191-192
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; 191-192; 194-
203
b) Name of transacting parties; 194-203
c) Nature of related parties (if any); 194-203
d) Description of the fairness of the transaction; and 203
e) Compliance with related rules and regulations; 204
f) In the event that there is an affiliation relationship, apart from disclosing the 193
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 204
gone through adequate procedures to ensure that the affiliate transaction
is carried out in accordance with 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 204
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;
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g) For affiliated transactions or material transactions which are business activities 204
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 205-206
impacts on the company (if any); and
17) Changes in the accounting policy, rationale and impact on the financial statement (if any); 207
g. Corporate Governance of the Issuer or Public Company 294
Corporate Governance of the Issuer or Public Company contains at least:
1) GMS, at least contains: 302
a) Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year 305-
prior to the fiscal year include:
1) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal 308-311; 312-
year realized in the fiscal year; and 320
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 307
conduct of the GMS to calculate the votes, then this matter shall be disclosed;
2) The Board of Directors, covering: 367
a) The tasks and responsibilities of each member of the Board of Directors; 367; 369
b) Statement that the Board of Directors has already have board manual or charter; 367
c) Policies and implementation of the frequency of meetings of the Board of Directors, 373-379
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: 380
(1) Policies for training and/or improving the competence of members of the 380; 370
Board of Directors, including an orientation program for newly appointed
members of the Board of Directors (if any); and
(2) Training and/or competency improvement attended by members of the Board 380-390
of Directors in the fiscal year (if any);
e) The Board of Directors’ assessment of the performance of the committees that 392
support the implementation of the Board of Directors’ duties for the fiscal year shall
at least contain:
(1) Performance appraisal procedures; and 392
(2) The criteria used are performance achievements during the fiscal year, are 392-393
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.
3) The Board of Commissioners, among others include: 321
a) Duties and responsibilities of the Board of Commissioners; 322-323
b) Statement that the Board of Commissioner has already have the board manual or 321
charter;
c) Policies and implementation of the frequency of meetings of the Board of 332-334
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;
708 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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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 338-339; 326
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 340-352
of Commissioners in the fiscal year (if any);
e) The assessment on the performance of the Board of Directors and Board of 391-392; 353-
Commissioners and the implementation, at least covering: 354
(1) procedure for the implementation of performance assessment; 391-392; 353-
354
(2) Criteria used are performance achievements during the fiscal year, 391-392; 353-
competency and attendance at meetings; and 354
(3) Assessor; 391-392; 353-
354
f) Board of Commissioners’ assessment of the performance of the Committees that 354
support the implementation of the duties of the Board of Commissioners in the fiscal
year includes:
(1) Performance appraisal procedures; and 354
(2) The criteria used are performance achievements during the fiscal year, 354
competency and attendance at meetings;
4) The nomination and remuneration of the Board of Directors and the Board of 399
Commissioners shall at least contain:
a) Nomination procedure, including a brief description of the policies and process for 399
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 400
Board of Commissioners, among others:
(1) Procedures for determining remuneration for the Board of Directors and the 400
Board of Commissioners;
(2) The remuneration structure of the Board of Directors and the Board of 400
Commissioners such as salary, allowances, tantiem/bonus and others; and
(3) The amount of remuneration for each member of the Board of Directors and 401
member of the Board of Commissioners
5) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on 355
sharia law, as stipulated in the articles of association, at least containing:
a) name; 355
b) Legal basis for the appointment of the sharia supervisory board; 355
c) Period of assignment of the sharia supervisory board; 355
d) duty and responsibility of Sharia Supervisory Board; and 355
e) frequency and procedure in providing advice and suggestion, as well as the 61; 356-362
compliance of Sharia Principles by the Issuer or Public Company in the Capital
Market;
6) Audit Committee, among others covering: 402
a) Name and position in the committee; 406-407
b) Age; 406-407
c) Citizenship; 406-407
d) Education background; 406-407
e) History of position; including:
(1) Legal basis for appointment as committee member; 406-407
(2) Dual position, as member of Board of Commissioners, member of Board of 406-407
Directors, and/or member of committee, and other position (if any); and
(3) working experience and period in and outside the Issuer or Public Company; 406-407
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 709
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f) Period and terms of office of the member of Audit Committee; 407
g) statement of independence of the Audit Committee; 408-409
h) Training and/or competency improvement that have been followed in the fiscal year 412-413
(if any);
i) Policies and implementation of the frequency of audit committee meetings and the 409-412
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 413
the Audit Committee Charter;
7) The nomination and remuneration committee or function of the Issuer or Public Company, 414
at least containing:
a) Name and position in committee membership; 416-417
b) Age; 416-417
c) Nationality; 416-417
d) Educational history; 416-417
e) Position history, including information on:
(1) Legal basis for appointment as committee member; 416-417
(2) Concurrent positions, either as a member of the Board of Commissioners, 416-417
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 416-417
Public Company;
f) Period and term of office of the committee members; 415
g) Statement of committee independence; 417
h) Training and/or competency improvement that have been followed in the fiscal year 419-420
(if any);
i) Description of duties and responsibilities; 414-415
j) A statement that it has a guideline or charter; 415
k) Policies and implementation of the frequency of meetings and the level of 418-419
attendance of members at the meeting;
l) Brief description of the implementation of activities in the fiscal year; and 420
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; -
8) Other committees owned by Issuers or Public Companies in order to support the functions 421; 432-448
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; 422-423
b) Age; 422-423
c) Citizenship; 422-423
d) Education background; 422-423
e) History of position, including:
(1) Legal basis for the appointment as member of the committee; 422-423
(2) Dual position, as member of Board of Commissioners, member of Board of 422-423
Directors, and/or member of committee, and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company; 422-423
f) Period and terms of office of the member of Audit Committee; 422
g) Statement of committee independence; 425
710 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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h) Training and/or competency improvement that have been followed in the fiscal year 430-431
(if any); and
i) Description of duties and responsibilities; 421
j) A statement that the committee has had guidelines or charters; 422
k) Policies and implementation of the frequency of committee meetings and the level of 427-430
attendance of committee members at the meeting; and
l) A brief description of the committee’s activities for the fiscal year; 431
9) Corporate Secretary, including: 432
a) name; 432
b) domicile; 432
c) history of position, including:
(1) legal basis for the appointment as Corporate Secretary; and 432
(2) working experience and period in and outside the Issuer or Public Company; 432
d) education background; 432
e) education and/or training during the year under review; and 435
f) brief description on the implementation of duties of the Corporate Secretary in the 434
year under review;
10) Internal Audit Unit, among others including: 449
a) Name of Head of Internal Audit Unit; 450
b) History of position, including:
(1) Legal basis for the appointment as Head of Internal Audit Unit; and 450
(2) Working experience and period in and outside the Issuer or Public Company; 450
c) Qualification or certification as internal auditor (if any); 452-453
d) Education and/or training during the year under review; 454
e) Structure and position of Internal Audit Unit; 449
f) Description of duties and responsibilities; 451
g) Statement that the Internal Audit Unit has already have Internal Audit Unit charter; 450
and
h) Brief description on the implementation of duty of Internal Audit Unit during the 455
year under review;
11) Description on internal control system adopted by the Issuer or Public Company, at least 456
covering:
a) Financial and operational control, and compliance to the other prevailing rules; and 456
b) Review on the effectiveness of internal control systems; 457
c) Statement of the Board of Directors and/or Board of Commissioners on the 457
adequacy of the internal control system;
12) Risk management system implemented by the company, at least includes: 233
a) General description about the company’s risk management system the Issuer or 233; 239-242
Public Company;
b) Types of risk and the management; and 250-293
c) Review the effectiveness of the risk management system applied by the Issuer or 241
Public Company;
d) Statement of the Board of Directors and/or the Board of Commissioners or the audit 242
committee on the adequacy of the risk management system;
13) Legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, 478
members of the Board of Directors and members of the Board of Commissioners (if any), at
least contain:
a) Substance of the case/claim; 478-479
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 711
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b) Status of settlement of case/claim; and 478-479
c) Potential impacts on the condition of the Issuer or Public Company; 478-479
14) information about administrative sanctions imposed to Issuer or Public Company, members 480-482
of the Board of Commissioners and the Board of Directors, by the Capital Market Authority
and other authorities during the last fiscal year (if any);
15) information about codes of conduct of the Issuer or Public Company, includes: 500
a) Key points of the code of conduct; 501
b) Socialization of the code of conduct and enforcement; and 501
c) Statement that the code of conduct is applicable for the Board of Commissioners, 502
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 509
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; -
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: 329
a) Share ownership of members of the Board of Directors and members of the Board 329-330; 372-
of Commissioners no later than 3 (three) working days after the occurrence of 373
ownership or any change in ownership of shares of a Public Company; and
b) Implementation of the policy; 329-330; 372-
373
18) Description of whistleblowing system at the Issuer or Public Company (if any), among 503
others include:
a) Mechanism for violation reporting; 503; 504
b) Protection for the whistleblower; 505
c) Handling of violation reports; 504-505
d) Unit responsible for handling of violation report; and 503
e) Results from violation report handling, at least includes:
(1) Number of complaints received and processed during the fiscal year; and 504
(2) Follow up of complaints; 504
19) A description of the anti-corruption policy of the Issuer or Public Company, at least 496
containing:
a) Programs and procedures implemented in overcoming corrupt practices, kickbacks, 496
fraud, bribery and/or gratification in Issuers or Public Companies; and
b) Anti-corruption training/socialization to employees of Issuers or Public Companies; 496-498
20) Implementation of the Guidelines of Corporate Governance for Public Companies for 518-523
Issuer issuing Equity-based Securities or Public Company, including:
a) statement regarding recommendation that have been implemented; and/or 518-523
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 530
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:
712 PT BANK SYARIAH INDONESIA Tbk 2023 ANNUAL REPORT
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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 533
(Attachment)
Financial Statements included in Annual Report should be prepared in accordance with the 533
Financial Accounting Standards in Indonesia and audited by an Accountant. The said financial (Attachment)
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 64-65
Responsibility for Annual Reporting
Letter of statement of the Board of Directors and the Board of Commissioners regarding the 64-65
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.
2023 ANNUAL REPORT PT BANK SYARIAH INDONESIA Tbk 713
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Page 717
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ANNUAL
REPORT 2023
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Bank Syariah Throughout
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Financial Services Authority
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Bank Supporting Monetary Control Award
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Bank Indonesia
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PT Fitch
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Stock Syariah Indonesia Tbk
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PT Bank BRIsyariah
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PT Bank BSI
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Bank Syariah
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Bank Indonesia’s Awards
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Bank Indonesia Predicate
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Bank Anticipation
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Indonesia Tbk
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Dr. H. Oni Sahroni
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Prof. DR. KH. Didin Hafidhuddin
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Bank Syariah Indonesia Twitter
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PT Bank BNI Syariah. The Financial Services
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Bank Jasa Arta.
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Ministry of SOEs No. SE-
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PT PLN
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Bank Syariah Indonesia. BSI Forex Time Deposit
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Bank Syariah Indonesia ATMs
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Bank Syariah Indonesia Customers. BSI Aisyah
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Prof. A Majid Ibrahim
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H. Thamrin
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KH. Hasyim Ashari
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KH Mansyur
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KH. Akhmad Muksin
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Ir. Pangeran Haji Muhammad
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Dr. Ratulangi
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Dr. Sam Ratulangi
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Astra Internasional Tbk
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Deposit Insurance Corporation
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PT Manulife Aset Manajemen Indonesia
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PT Bank BNI Syariah
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Minister of Religion
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Ministry of Religion
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Ministry of Youth and Sports
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Minister of Kemenristekdikti
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PT Toyota Astra Finance Services
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PT Trimegah Asset Management
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unresolved
org
PT BNP Paribas Investment Partners
p.117
unresolved
org
PT Mandiri AXA General Insurance
p.118 ×2
unresolved
org
PT PNM Invest Management
p.118
unresolved
org
PT BRI Danareksa Sekuritas
p.126 ×2
unresolved
org
Bank Muamalat Indonesia Tbk
p.127 ×2
unresolved
org
PT Astra Graphia Information Technology
p.127
unresolved
person
Achmad Syafii
· Director
p.129 ×2
unresolved
person
Nizar Ali
· Commissioner
p.129 ×2
unresolved
org
PT Bank Syariah Mandiri BNI Syariah
p.130
unresolved
org
PT Division
p.130
unresolved
org
PT Visionet International
p.132
unresolved
—
Firman Jatnika
· Regional CEO
p.133
unresolved
—
Gunawan Arief
· Corporate Secretary
p.133
unresolved
person
Ana Nurul Khayati
· Distribution Strategy
p.133
unresolved
—
Yoana Irawati
· Executive Business
p.133
unresolved
—
Alhuda Dj
· Operations
p.133
unresolved
—
Deden Durachman
· Regional CEO
p.133
unresolved
—
Zulaicha
· Senior Operational
p.133
unresolved
—
Dien Lukita
· Consumer Business
p.133
unresolved
—
Ari Yusnairy Muslim
· Executive Business
p.133
unresolved
—
Mahendra Nusanto S
· Gold & Pawning
p.133
unresolved
—
Fiti Syam
· Corporate Business
p.133
unresolved
—
Yuwono
· Procurement & Fixed
p.133
unresolved
—
Ricky Rikardo
· Regional CEO
p.133
unresolved
—
Khoirul Huda S Riyadi
· AML/APU-PPT
p.133
unresolved
—
Wisnu Sunandar
· Regional CEO
p.133
unresolved
—
Fitria Ekayani
· Regional CEO
p.133
unresolved
—
Vita Andrianty
· Retail Deposit
p.133
unresolved
—
Peby Elan Surya
· Senior Human
p.133
unresolved
—
Yasrul
· Senior Operational
p.133
unresolved
person
M. Arief Rosyid Hasan
· Independent Commissioner
p.143 ×13
unresolved
person
Tribuana Tunggadewi Directur Compliance
· Compliance & Human Capital
p.475 ×13
unresolved
org
PT Chesna
p.475 ×2
unresolved
person
Liem Toeng Kie
p.557 ×2
unresolved
org
PT Bank Syariah BRI
p.557
unresolved
person
Fathiah Helmi
p.557 ×2
unresolved
org
Menteri Hukum dan Hak Asasi Manusia
p.557
unresolved
org
Ministry of Laws Republik
p.557
unresolved
org
PT Bank BNI Syariah. Penggabungan
p.557
unresolved
org
PT Bank BRIsyariah Syariah
p.557
unresolved
org
PT Bank BRIsyariah Menggunakan Izin
p.557
unresolved
org
Syariah Indonesia Tbk
p.557 ×4
unresolved
person
Notary Ashoya Ratam
p.559 ×3
unresolved
org
Extraordinary Shareholders General Meeting Indonesia Tbk
p.559
unresolved
person
Notary Dima Satria
p.559
unresolved
person
Notary Jose Notaris Jose Dima Satria
· Notaris
p.560 ×6
unresolved
person
Hasanudin
· Ketua
p.561
unresolved
person
M. Zacky Thayib
· Anggota
p.561 ×2
unresolved
person
M. Gunawan Yasni
· Anggota
p.561 ×2
unresolved
org
Indonesia Stock Exchange
p.562
unresolved
org
Pengawas Pasar
p.563
unresolved
org
BAPEPAM
p.563
unresolved
org
Insurance Corporation
p.642
unresolved
org
Maybank Indonesia Tbk.
p.645
unresolved
—
Seri A Dwiwarna
p.645 ×2
unresolved
—
dana syirkah temporer
p.667 ×2
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