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Corporate Governance Corporate Information Financial Statement Annual Report 1
2023 Annual Report
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2 Opening Business and Functional Review Financial Review
Table of Content
I. OPENING 5 I. OPENING 5
Key Highlights 6
II BUSINESS AND FUNCTIONAL REVIEW 43 Key Performance 2023 8
Vision, Mission, Core Beliefs, Core Values 10
III FINANCIAL REVIEW 117
Overview of CCB Indonesia 11
IV CORPORATE GOVERNANCE 143 Company Profile 14
Shareholders' Information 16
V CORPORATE INFORMATION 247 - Company Group Structure, Subsidiaries and
Associated Entities
- Capital and Risk Management – Parent Entity
VI FINANCIAL STATEMENT 275
Shares Highlights 24
Financial Highlights 27
Significant Events 29
Awards 32
Strategic Policy 33
Report of Board of Commissioners 34
Report of Board of Directors 38
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Corporate Governance Corporate Information Financial Statement Annual Report 3
Table of Content
II BUSINESS AND FUNCTIONAL REVIEW 43 V CORPORATE INFORMATION 247
Loan 44 Organizational Structure 248
Treasury, FI, Trade Finance and International 48 Board of Commissioners Profile 250
Banking Board of Directors Profile 254
Human Capital 50 Executive Officers 262
Information Technology 53 Product, Services and Rate Information 264
Risk Management 54 Offices Network 268
III FINANCIAL REVIEW 117 VI FINANCIAL STATEMENT 275
Management Analysis and Discussion 118 Responsibility for Financial Reporting 276
Appendix
Audited Financial Report fiscal year 2023
IV CORPORATE GOVERNANCE 143
Corporate Social & Environmental Responsibility 144
(‘Sustainability Report’)
Corporate Governance 174
Committees Report 242
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4 Opening Business and Functional Review Financial Review
Minangkabau
The traditional dance known as Piring Dance is Minangkabau-based. According to tradition, Solok, West Sumatra, is the place
where plate dance first appeared. This dance shows the movement of dancers utilising plates. The dancers will swing the plates
in their palms in time with the music, quickly and consistently, without losing go or allowing any of the plates to fall. The
Minangkabau silat movement, often known as silek, is the inspiration for the plate dance movement.
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Corporate Governance Corporate Information Financial Statement Annual Report 5
Opening
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6 Opening Business and Functional Review Financial Review
Key Highlights
Profit After Tax
Net profit increased significantly by 71% in 2022 and
increased again by 77% in 2023.
250
CCB Indonesia has received the idAAA rating (highest rating) 200
77%
from the rating agency PT Pefindo for 4 (four) consecutive
years.
150
71%
Tier-1 Capital increased significant to above IDR6 trillion
as of end of 2023 which qualifies CCB Indonesia for status upgrade 100
to KBMI 2 category in early 2024.
50
Bank Indonesia (BI) appointed CCB Indonesia as one of
initiator banks as management of the Money Market and
Foreign Exchange Market Association Indonesia (APUVINDO). 0
2021 2022 2023
LOAN TOTAL FUNDING IMPROVED ASSET
GROWTH GROWTH QUALITY
(NPL BRUTO)
STRONG LOAN AND FUNDING
GROWTH
16% 11% 2.87%
y-o-y y-o-y y-o-y
REVENUE PROFIT AFTER TAX CONTROLLED COST
GROWTH GROWTH GROWTH AND
IMPROVED IN EFFICIENCY
IMPROVED PROFITABILITY AND
CIR 58% & BOPO 83%
EFFICIENCY
13% 77% vs 62% in 2022 vs 88% in 2022
y-o-y y-o-y
TOTAL ASSET STRONG AND STRONGER/
GROWTH MORE OPTIMAL HIGHER CAPITAL
LIQUIDITY
SOLID LIQUIDITY AND CAPITAL CAR
11%
y-o-y
LDR 97%
vs 93% in 2022 with LCR 241%
37.45%
vs 32.73% in 2022
& NSFR 120%
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Corporate Governance Corporate Information Financial Statement Annual Report 7
Key Highlights
• Loan growth by IDR2.7 trillion or 16% y-o-y from corporate and commercial segments.
STRONG LOAN AND • Improved Asset Quality with lower Gross NPL ratio from 3.40% (Dec’22) to 2.87%
FUNDING GROWTH (Dec’23).
• Total Funding growth by IDR2.0 trillion or 11% y-o-y mostly come from TD growth.
• Revenue up by 13% y-o-y mostly contributed from business volume growth and
improved NIM/margin.
• Controlled cost growth with JAWS (income growth higher than cost growth) by 13%.
IMPROVED • Lower ECL impairment by 11% y-o-y on the back of improved economy and also asset
PROFITABILITY AND quality.
EFFICIENCY • Profit/PAT growth by 77% y-o-y contributed from business volume growth and improved
profitability (higher NIM/margin from 3.54% to 4.18% and improved efficiency).
• Improved Efficiency with lower CIR from 62% to 58% and lower BOPO from 88% to
83%.
• Total Asset increased by IDR2.8 trillion or 11% y-o-y.
• Strong and more optimal Liquidity with higher LDR from 93% (Dec’22) to LDR 97%
(Dec’23) while LCR 241% and NSFR 120% are still above regulatory minimum threshold
SOLID LIQUIDITY AND of 100%.
CAPITAL • Strong Capital with CAR 37.45% (Dec’23), up from previous year 32.73%.
• Core Tier-1 Capital increased from IDR5.73 trillion, up by IDR284 billion to above
IDR6 trillion as of December 2023, which qualifies CCB Indonesia for a status upgrade
to category KBMI 2.
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8 Opening Business and Functional Review Financial Review
Key Performance 2023
With the support of stakeholders, CCB Indonesia continues to show strong financial
performance with net profit increasing significantly by 77.47% y-o-y, as well as continues
to provide higher quality banking services through electronic banking and 72 offices
spread across Indonesia
Profit After Tax
(in billion IDR) CAGR 32%
250
200 77.47%
Growth 2023
150
Total Assets
32%
100 (in billion IDR) CAGR 10%
30,000
Compound Annual
50 Growth Rate (CAGR) 25,000
11.31%
2019-2023
Growth 2023
20,000
-
2019 2020 2021 2022 2023
15,000
Loan 10,000 10%
(in billion IDR) CAGR 9% Compound Annual
20,000 5,000
Growth Rate (CAGR)
2019-2023
16,000
16.02% -
Growth 2023 2019 2020 2021 2022 2023
12,000
Third Party Fund
9%
8,000 (in billion IDR) CAGR 12%
20,000
Compound Annual
4,000 Growth Rate (CAGR) 11.37%
2019-2023
15,000 Growth 2023
-
2019 2020 2021 2022 2023
10,000
Equity 12%
5,000 Compound Annual
Growth Rate (CAGR)
(in billion IDR) CAGR 24%
7,000 2019-2023
5.51%
-
6,000
2019 2020 2021 2022 2023
Growth 2023
5,000
4,000
3,000
24%
2,000
Compound Annual
Growth Rate (CAGR)
1,000
2019-2023
-
2019 2020 2021 2022 2023
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Corporate Governance Corporate Information Financial Statement Annual Report 9
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10 Opening Business and Functional Review Financial Review
Vision, Mission, Core Beliefs, Core Values
Vision 4. Sustainable improvement
We believe that in this life we will never reach perfection,
Become an international bank and has the ability to multiply therefore we desire to always strive for perfection; there is
value through innovation capabilities. always a better way.
5. Human capital
Mission We believe that human capital is a determinant of our ability
to deliver sustainable financial performance; therefore we
Provide better products and services for customers, create aim to attract, retain, motivate and effectively utilize the
higher value for shareholders, build broader career path quality personnel we can find.
for associates, and implementing social and environmental
responsibility as a good corporate citizen. 6. Commitment
We believe that the commitment to build a harmony of
economic, social and environmental interests will maintain
Core beliefs sustainable economic growth, therefore we desire to succeed
in developing a green environment.
1. Strong financial base
We believe that a strong financial base will determine
the competitiveness of our bank. Therefore, we aim to Core Values
deliver outstanding sustainable financial performance
by building a customer network, productive processes 1. Integrity
and cost-effectiveness, superior human capital. Ability and commitment to realize what has been agreed.
2. Ability to provide complex service and with speed 2. Trust
We believe that the ability to provide complex and Relationships are based on trust in each other.
fast services can win customers' choices. Therefore,
we desire to design and implement complex and fast 3. Speed
service processes for customers. Speed in providing service.
3. Strong partnered relationship 4. Competence
We believe that the partnership is a multiplier of the Competence is the main differentiator between success
value received by the customer; therefore we intend and failure in any field
to build comprehensive partnerships between our
bank and suppliers and business partners, partnerships
between employees and managers, partnerships
between functions within our organization.
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Corporate Governance Corporate Information Financial Statement Annual Report 11
Overview of CCB Indonesia
Brief History of PT Bank China Construction Bank Indonesia Tbk (“CCB Indonesia”) is a Commercial Foreign
CCB Indonesia 11 Exchange Bank listed in the Indonesian Stock Exchange (IDX), and was the result of a
merger between PT Bank Windu Kentjana International Tbk (“Bank Windu”) and PT Bank
Antardaerah (“Bank Anda”) on November 30, 2016, which has a network consisting of 72
Business Line 12 offices spread out in cities across Indonesia such as Jakarta, Bandung, Semarang, Yogyakarta,
Surabaya, Denpasar Bali, Mataram Lombok, Palembang, Bandar Lampung, Batam, Pekanbaru,
• Business Activities on the Basis of Pontianak, Makassar and Pangkal Pinang.
the Articles of Association and are
Conducted Accelerating business development in the corporate banking segment, along with the
• Business Activities According to retail segment, namely commercial banking and small and medium scale enterprises
the Articles of Association (SMEs), as well as consumer banking, taking into account the harmony of economic, social
and environmental interests.
Brief History of CCB Indonesia
Merger between Bank Windu with the fully controlled subsidiary Bank Anda has been
approved by Financial Services Authority (OJK) No. S-400 / PB.12 / 2016 dated November
30, 2016 as well as the Admission of Merger Notification of Minister of Law and Human
Rights No. AHU-AH.01.10-0003777 dated November 30, 2016.
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12 Opening Business and Functional Review Financial Review
Overview of CCB Indonesia
Thus, merger between Bank Windu and Bank Anda has been Business Line
effectively implemented as of November 30, 2016.
Business Activities on the Basis of the Articles of
Bank Windu as surviving company was renamed into "PT Bank
Association and are Conducted
China Construction Bank Indonesia Tbk" or shortened as "CCB
Indonesia" which had been registered by the Decision of Minister Based on Article 3 of the Company's Articles of Association, the
of Law R.I. No. AHU-0003776.AH.01.10.Tahun 2016 dated November scope of CCB Indonesia's activities is to conduct business in the
30, 2016 and has been approved by Financial Services Authority banking sector in accordance with the applicable laws and regulations.
No.S-441/PBI.12/2016 dated December 28, 2016 in accordance Information on business activities based on the Articles of Association.
with copy of the corresponding decision of the Board of The scope of CCB Indonesia's activities includes:
Commissioners of Financial Services Authority No. 17/KDK.03/2016
dated December 27, 2016 regarding the confirmation of the use Business Activities According to the Articles of
of business license of PT Bank Windu Kentjana International Tbk Association
into PT Bank China Construction Bank Indonesia Tbk.
Main Business Activities
Background for change of Company’s name is related to the entry ▪ Raising funds from the community in the form of current
of new controlling shareholder China Construction Bank Corporation account, time deposits, certificates of deposit, savings and/or
("CCB") into the Company, which currently holds 60% (sixty percent) other equivalent forms;
of the shares of the Company. ▪ Granting medium, long or short term-loans and other types
that are prevalent in the banking world;
Previously, PT Bank Windu Kentjana International Tbk ("Bank Windu") ▪ Promissory note issuance;
was also a merged bank between PT Bank Multicor Tbk and PT ▪ Purchasing, selling, or guaranteeing at own risk or for the benefit
Bank Windu Kentjana (BWK) on January 8, 2008. The merger is and at the behest of the customer:
legally incorporated in the Merger Deed No.171 dated November - Bills including bills received by banks whose validity period
28, 2007 which was approved by the Minister of Justice and Human is no longer than the usual practice in trading these letters;
Rights No.AHU-00982.AH.01.02 on January 8, 2008. - Promissory notes and commercial paper - other, whose
validity period is no longer than the usual practice in trading
PT Bank Windu Kentjana (BWK) was originally founded on May 26, such documents;
1967 by 3 (three) social foundations as its founder, Dharma Putra - State treasury papers and government guarantees;
Kostrad Foundation, Trikora Orphans Fellowship Foundation and - Bank Indonesia Certificates (SBI);
Djajakarta Foundation. In 1978, ownership was transferred to the - Bonds;
Salim family (Salim Group). - Promissory notes which can be traded;
- Other securities in accordance with the provisions stipulated
While Multicor was originally known as PT Multinational Finance by the competent authority.
Corporation established in 1974 in the form of Non-Bank Financial ▪ Transferring money both for own interests and for the interests
Institutions (LKBB), was a consortium (joint venture) of domestic of customers;
banks with international banks namely Royal Bank of Scotland, BCA, ▪ Placing funds in, borrowing funds from, or lending funds to
LTCB Japan, Jardine Fleming, Chemical Bank and Asia Insurance. In other banks, either by using letters, telecommunications facilities
1993 changed its status to Bank Multicor. Subsequently in 2003, or by sight draft, checks or other means;
Mr. Johnny Wiraatmadja and colleagues took over the ownership ▪ Receiving payments from bills on securities and doing calculations
of Bank Multicor. with or between third parties;
▪ Placing funds from customers to other customers in the form
On January 8, 2008 a merger between Bank Multicor Tbk and BWK of securities listed on the stock exchange;
took place and it became "PT Bank Windu Kentjana International ▪ Conducting activities in foreign currencies by meeting applicable
Tbk.", also known as "Bank Windu". regulations;
▪ Providing financing and or conducting other activities in
accordance with the provisions stipulated by the competent
authority.
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Corporate Governance Corporate Information Financial Statement Annual Report 13
Overview of CCB Indonesia
Supporting Business Activities ▪ Conducting venture capital in banks or other companies in
▪ Providing a place to store goods and securities; finance leasing, venture capital companies, securities companies,
▪ Conducting custodian activities for the interests of other parties insurance companies, clearing and guarantee institutions as
based on a contract; well as deposit and settlement institutions, by fulfilling the
▪ Purchasing collateral both in whole or in part through auctions provisions stipulated by the competent authority;
in the event that the debtor does not fulfill his obligations to ▪ Conducting temporary venture capital activities to overcome
the Company provided that the collateral purchased must be non-performing loan, on condition that the investment must
disbursed as soon as possible; be withdrawn accordance with the provisions stipulated by
▪ Conducting factoring, credit business and trustee activities; the competent authority;
▪ Conducting activities as a provider of pension funds in accordance ▪ Undertaking other businesses that are directly or indirectly
with applicable laws and regulations, both as the founder of related to the above purpose, the implementation of which is
the employer's pension fund and as the founder and/or not contrary to the laws in force in Indonesia.
participant of the financial institution pension fund;
All business activities according to the Articles of Association have
been implemented by the Company.
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14 Opening Business and Functional Review Financial Review
Company Profile
Company Name PT Bank China Construction Bank Indonesia Tbk
Head Office Sahid Sudirman Center, 15th floor
Jl. Jend Sudirman Kav. 86, Central Jakarta 10220, Indonesia.
Telephone (62-21) 5082 1000
Fax. (62-21) 5082 1010
SWIFT/BIC : BWKIIDJA
Website idn.ccb.com
Email corsec@idn.ccb.com
Investor Relation Corporate Secretary (Andreas Basuki)
Legal Aspect Merger between PT Bank Windu Kentjana International Tbk with PT Bank Antardaerah which was approved by Financial
Services Authority ("OJK") No. S-400 / PB.12 / 2016 dated 30 November 2016, as well as the Admission of Merger Notification
No. AHU-AH.01.10-0003777 dated November 30, 2016.
Surviving company was renamed into "PT Bank China Construction Bank Indonesia Tbk" abbreviated "CCB Indonesia"
which was registered by the Decision of Minister of Law and Human Rights R.I. No. AHU-0003776.AH.01.10. year 2016 dated
30 November 2016 and has been approved by Financial Services Authority No. S-441/PBI.12/2016 dated 28 December
2016 in accordance with copy of the corresponding decision of the Board of Commissioners of Financial Services Authority
No. 17/KDK.03/2016 dated 27 December 2016 regarding the confirmation of the use of business license of “PT Bank Windu
Kentjana International Tbk” into“PT Bank China Construction Bank Indonesia Tbk”.
Bank Status Public listed Company dan Foreign Exchange Commercial Bank
Stock listing Indonesia Stock Exchange
Stock Code MCOR
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Corporate Governance Corporate Information Financial Statement Annual Report 15
Company Profile
Supporting Institutions and/or Professionals
Trading and Stock Listing Information Custodian
PT Indonesia Stock Exchange PT Indonesian Central Securities Depository
Indonesia Stock Exchange Building, Tower 1 Indonesia Stock Exchange Building, Tower 1, 5th Floor
Jl. Jend. Sudirman Kav. 52-53 Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190, Indonesia Jakarta 12190, Indonesia
Tel : (62-21) 5150515 Tel : (62-21) 5152855
Fax : (62-21 5154153 Fax : (62-21) 52991199
Website : www.idx.co.id Website : www.ksei.co.id
Email : listing@idx.co.id Email : helpdesk@ksei.co.id
Services provided : Annual Stock Registration Services Services provided : Securities Administration (Stock) Management
Assignment Period : January - December 2023 Assignment Period : January - December 2023
Fee : IDR277,500,000,- Fee : IDR11,100,000,-
Public Accounting Firm Public Notary
Public Accountant Firm Purwantono, Sungkoro and Surja Notaris Eliwaty Tjitra, S.H.
a member of Ernst and Young Graha Kencana Blok DK Jl. Raya Perjuangan No. 88
(Public Accountant : Christophorus Alvin Kossim) Kebon Jeruk Jakarta Barat, Indonesia
Indonesia Stock Exchange Building Tel : (62-21) 536 77 338
Tower 1, 13th and 14th Floor, Tower 2, 7th Floor, Fax : (62-21) 536 77 339, 532 5938
JL. Jend. Sudirman Kav. 52-53 Email : eliwatyt@gmail.com
Jakarta 12190, Indonesia
www.ey.com Services provided : Preparing the Annual GMS Resolution for Fiscal
Year 2022.
Services provided : Audit services for Financial Statement for Assignment Period : January - December 2023
Fiscal Year 2023. Fee : IDR22,200,000,-
Assignment Period : January - December 2023
Audit Fee : IDR1,972,192,500,-
Membership of the Association
CCB Indonesia is a member of a number of associations, including:
Securities Administration Bureau 1. National Commercial Banks Association (Perbanas)
PT Sinartama Gunita 2. Association of Indonesian Issuers (AEI)
Gedung Menara Tekno Lt.7 3. Banking Compliance Director Communication Forum (FKDKP)
Jl. H. Fachrudin No.19, Kebon Sirih, Tanahabang 4. Indonesia Corporate Secretary Association (ICSA)
Jakarta Pusat 10250, Indonesia 5. Indonesian Payment System Association (ASPI)
Tel : (62-21) 3923003 6. Indonesian Commodity Futures Trading Association (ASPEBTINDO)
Fax : (62-21) 3923003 7. Alternative Institutions for Settlement of Financial Services
Website : www.sinartama.co.id Sector Disputes (LAPS SJK)
Email : helpdesk1@sinartama.co.id 8. Chinese Chamber of Commerce
9. Association Cambiste International - Financial Markets Association
Services provided : Stock Administration Services Indonesia (ACI FMA Indonesia)
Assignment Period : July 2023 – June 2024 10. International Chamber of Commerce (ICC)
Fee : IDR20,181,818,- 11. Banking Operations Director Communication Forum (FKDOP)
12. Indonesian Money Market and Foreign Exchange Market
Association (APUVINDO)
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16 Opening Business and Functional Review Financial Review
Shareholders’ Information
Composition of Shareholders
60.00% CHINA CONSTRUCTION BANK (CCB) CORPORATION owned by :
1) Central Huijin Investment Ltd.* 57.14%
2) HKSCC Nominees Limited** 37.53%
3) Others 5.33%
Note:
*) Central Huijin Investment Ltd. is the controlling shareholder of CCB Corporation, holding
57.14% of the shares of CCB Corporation at the end of the reporting period, and indirectly
held 0.20% of the shares of CCB Corporation through its subsidiary, Central Huijin Asset
Management Ltd. Central Huijin Investment Ltd. is a wholly state-owned company established
in accordance with the PRC Company Law on 16 December 2003 with the approval of the
State Council. Both its registered capital and paid-in capital is RMB828,209 million.
**) HKSCC Nominees Limited is a wholly-owned subsidiary of Hong Kong Securities Clearing
Company Ltd.
6.94% JOHNNY WIRAATMADJA
8.21% UOB KAY HIAN PTE LTD
24.85% PUBLIC
Share Ownership Composition of CCB Indonesia
1 January 2023 31 December 2023
No. Shareholders’ Name
Number of Shares Percentage Number of Shares Percentage
1. China Construction Bank Corporation 22,751,563,707 60.00% 22,751,563,707 60.00%
2. Johnny Wiraatmadja 2,613,613,705 6.89% 2,631,113,705 6.94%
3. UOB Kay Hian Pte. Ltd. 3,112,882,656 8.21% 3,112,882,656 8.21%
4. Public 9,441,670,446 24.90% 9,424,170,446 24.85%
Total Shares 37,919,730,514 100.00% 37,919,730,514 100.00%
Brief Description of Shareholders
China Construction Bank Corporation
China Construction Bank (CCB) Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China. Its predecessor,
People’s Construction Bank of China, was established in October 1954. It was listed on Hong Kong Stock Exchange in October 2005 (stock
code: 939) and Shanghai Stock Exchange in September 2007 (stock code: 601939). At the end of 2023, CCB Corporation’s market
capitalisation was approximately US$151,857 million, ranking eighth among all listed banks in the world. The Group ranks second among
global banks by Tier 1 capital.
CCB Corporation provides customers with comprehensive financial services, including corporate finance business, personal finance
business, treasury and asset management business and others, serving 757 million personal customers and 10.82 million corporate
customers. Moreover, CCB Corporation has subsidiaries in various sectors, including fund management, financial leasing, trust, insurance,
futures, pension and investment banking. At the end of 2023, the Group had 376,871 staff members and 14,895 operating entities,
including nearly 200 overseas entities which covered 31 countries and regions.
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Corporate Governance Corporate Information Financial Statement Annual Report 17
Shareholders’ Information
The Group implements the new development concept fully, in the construction of a “Financial Power”, and create more magnificent
accurately and comprehensively and supports the fostering of a chapters for New Finance in the path of Chinese modernisation.
new development pattern to promote high-quality development.
It consciously practices finance activities in a politically oriented Johnny Wiraatmadja
and people-centred manner, and further advances New Finance
initiatives with the “Three Major Strategies” of housing rental, inclusive Mr Johnny Wiraatmadja, Indonesian citizen, 70 years old, is an
finance and FinTech, deeply cultivates key areas of national economy entrepreneur and has experience in the banking sector since 1979,
and people’s livelihood, such as smart government affairs, rural domiciled in Jakarta.
revitalisation, green development, elderly care and healthcare,
consumer finance, mega wealth management, FinTech, and county- He was appointed as Director of Treasury at PT Bank Panin, Tbk
level business expansion, so as to maximise values to stakeholders, from 1991 to 2007. Furthermore, from 2007 until now, he serves as
including customers, shareholders, employees and society, assist Commissioner at PT Bank Panin, Tbk.
Share Ownership of the Company (Direct and Indirect)
Board of Commissioners and Board of Directors
Number of Shares Number of Shares
No. Name Position
1 Jan 2023 31 Dec 2023
Board of Commissioners
1. Sun Jianzheng President Commissioner - -
2. Qi Jiangong Commissioner - -
3. Mohamad Hasan Commissioner (independent) - -
4. Yudo Sutanto Commissioner (independent) - -
Board of Directors
1. You Wennan President Director 600,302 (<1%) 667,964 (<1%)
2. Zhu Yong Director 254,698 (<1%) 333,636 (<1%)
3. Setiawati Samahita Director 1,375,095 (<1%) 2,316,097 (<1%)
4. Junianto Director 639,708 (<1%) 1,062,958 (<1%)
5. Chandra Nangkok Tua Siagian Director 582,310 (<1%) 938,386 (<1%)
6. Agresius Robajanto Kadiaman Compliance Director 764,687 (<1%) 1,086,359 (<1%)
Note:
All members of Board of Commissioners and Board of Directors have no indirect ownership of CCB Indonesia shares during 2023 period.
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18 Opening Business and Functional Review Financial Review
Shareholders’ Information
Number of Shareholders and Percentage Based on Classification as of 31 December 2023
Shareholder Category Number of Shareholders Number of Shares Percentage
Domestic Investor
1. Broker 14 10,267,572 0.03%
2. Individual - Domestic 11,033 6,307,696,068 16.63%
3. Individual Foreign KITAS - NPWP 12 3,096,600 0.01%
4. Insurance NPWP 3 1,723,775,428 4.55%
5. Pension Fund 2 14,700,000 0.04%
6. Limited company NPWP 28 2,245,232,330 5.92%
7. Foundation NPWP 2 203,100 0.00%
Sub Total 11,094 10,304,971,098 27.18%
Foreign Investor
8. Individual - Foreign 16 6,084,269 0.02%
9. Institution - Foreign 31 27,608,675,147 72.81%
Sub Total 47 27,614,759,416 72.82%
Total 11,141 37,919,730,514 100.00%
Shareholders < 5% Based on Classification
1 January 2023 31 December 2023
Shareholder Category
Number of Number of Number of Number of
Percentage Percentage
Shareholders Shares Shareholders Shares
Domestic Investor
1. Broker 15 16,233,572 0.04% 14 10,267,572 0.03%
2. Government of Indonesia 1 107,029,300 0.28% 0 0 0.00%
3. Individual - Domestic 11,705 3,576,298,163 9.43% 11,032 3,676,582,363 9.69%
4 Individual Foreign KITAS - NPWP 7 2,079,900 0.01% 12 3,096,600 0.01%
5. Insurance NPWP 3 1,723,775,428 4.55% 3 1,723,775,428 4.55%
6. Mutual Fund 2 27,300,000 0.07% 0 0 0.00%
7. Pension Fund 2 14,700,000 0.04% 2 14,700,000 0.04%
8. Limited company NPWP 32 2,217,388,730 5.85% 28 2,245,232,330 5.92%
9. Foundation NPWP 2 323,100 0.00% 2 203,100 0.00%
Sub Total 11,769 7,685,128,193 20.27% 11,093 7,673,857,393 20.24%
Foreign Investor
10. Individual - Foreign 22 9,641,469 0.03% 16 6,084,269 0.02%
11. Institution - Foreign 29 1,746,900,784 4.61% 29 1,744,228,784 4.60%
Sub Total 51 1,756,542,253 4.63% 45 1,750,313,053 4.61%
Total 11,820 9,441,670,446 24.90% 11,138 9,424,170,446 24.85%
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Corporate Governance Corporate Information Financial Statement Annual Report 19
Company Group Structure, Subsidiaries and
Associated Entities
Company Group Structure
Subsidiaries and/or Associated Entities
As of December 31, 2023, PT Bank China Construction Bank Indonesia Tbk has no subsidiaries or associated entities.
Other Information
As of December 31, 2023, there has been no transactions between been no provision of funds, commitments or other facilities which
bank and related parties in business groups in the financial sector; may be equalized by any entity situated in business group with
there has been no transactions with related parties conducted by Bank to debtor and / or parties that have obtained the provision
every entity in the business group in the financial sector; there has of funds from Bank.
Structure of Subsidiaries of CCB Corporation
China Construction Bank (Brasil) Banco Múltiplo S/A
China Construction Bank (Russia) Limited
China Construction Bank (London) Limited
China Construction Bank (Malaysia) Berhad
Overseas Subsidiaries Banks
China Construction Bank (Europe) S.A.
China Construction Bank (New Zealand) Limited
China Construction Bank (Asia) Corporation Limited
PT Bank China Construction Bank Indonesia Tbk
CCB Property & Casualty Insurance Co., Ltd.
CCB Private Equity Investment Management Co., Ltd.
CCB Principal Asset Management Co., Ltd.
CCB FinTech Co., Ltd.
CCB Financial Asset Investment Co., Ltd.
CCB Financial Leasing Co., Ltd.
CCB Wealth Management Co., Ltd.
CCB Futures Co., Ltd.
Main Integrated CCB Life Insurance Co., Ltd.
Operation Subsidiaries
CCB Consumer Finance Co., Ltd.
CCB Trust Co., Ltd.
CCB Pension Management Co., Ltd.
CCB Housing Services Co., Ltd.
CCB Housing Rental Private Fund Management
CCB Engineering Consulting Co., Ltd.
CCB International (Holdings) Limited
Sino-German Bausparkasse Co., Ltd.
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20 Opening Business and Functional Review Financial Review
Capital and Risk Management - Parent Entity
Capital Management The Group constantly improved its comprehensive, proactive,
intelligent and modern risk management system. To strengthen
The Group adhered to a robust and prudent capital management comprehensive risk management, it continuously optimised risk
strategy, continued to strengthen capital constraints and incentives governance system from the Group’s perspective, accelerated
and further promoted intensive and refined capital management construction of comprehensive risk management infrastructure,
so as to continuously improve the efficiency of capital use. It attached continuously improved its coordinated risk control mechanism of
importance to both internal capital accumulation and external “three lines of defence”, and promoted proactive integration of the
capital replenishment, and maintained a capital adequacy level “second line of defence” into the “first line of defence” to eliminate
that is constantly above the regulatory requirements and among management vacuum. To strengthen proactive risk management,
the highest in the industry. it adhered to the bottom line of risk compliance, and reinforced
the prevention and control of major financial risks; it promoted
Capital Adequacy Ratio unified management of credit risk, improved the comprehensive
financing management mechanism for corporate customers, and
In accordance with the regulatory requirements, the scope for strengthened the management of major risk incidents and
calculating capital adequacy ratios of the Group includes CCB emergencies, so as to ensure there were no major or severe cases,
Corporation’s domestic and overseas branches and sub-branches large NPLs, large claims and disputes, large penalties, major risk
and financial subsidiaries (insurance companies excluded). At the events or widespread negative media coverage. To strengthen
end of 2023, given relevant rules during the parallel period, the intelligent risk management, it issued the Implementation Plan for
Group’s total capital ratio, Tier 1 ratio and Common Equity Tier 1 the Upgrading project of Intelligent Risk Control Platform (2023-
ratio, which were calculated in accordance with the Capital Rules 2025), focused on the “six capabilities”, i.e. mobile risk control,
for Commercial Banks (Provisional), were 17.95%, 14.04% and 13.15%, monitoring, early warning and interception, automatic data
respectively, all in compliance with the regulatory requirements. aggregation and risk reporting, anti-fraud, anti-money laundering,
The Group’s total capital adequacy ratio, Tier 1 capital adequacy and automated risk control, and accelerated the construction of
ratio and Common Equity Tier 1 capital adequacy ratio fell by 0.47, an enterprise-wide risk management platform; it improved panoramic
0.36 and 0.54 percentage points respectively from 2022. risk view, continuously iterated and optimised intelligent risk control
systems such as “3R” and “Blue Chip”, and promoted the 30 application
In 2023, CCB Corporation adhered to a robust and prudent capital projects of intelligent risk control to empower business, customers,
management strategy, which attached importance to both internal government and internal management; it strengthened the
capital accumulation and external capital replenishment, and identification of and response to risks related to financial digitalisation,
maintained a stable capital structure and high capital quality through consolidated the foundation of automatic aggregation of all business
profit retention and issuance of an appropriate amount of capital exposures of customers, and improved effective risk data aggregation
instruments, so as to effectively support the development of various and risk reporting capabilities. The Group also updated its recovery
businesses. It actively served the real economy, seeing rapid growth and resolution plans on an annual basis, and made continuous
in core assets including credit extension and bond investment. It improvements in areas such as total loss-absorbing capacity (“TLAC”),
also further promoted intensive and refined capital management, large exposures, and effective risk data aggregation and risk reporting,
and enhanced the efficiency of capital use to continuously improved so as to meet the additional regulatory requirements for systemically
the quality and efficiency to serve the real economy. important banks.
Risk Management Credit Risk Management
The Group adhered to its comprehensive risk management concept The Group attached great importance to risk prevention and control,
of “full coverage, whole processes, all participation, systemic adhered to bottom line thinking and limit thinking, and effectively
knowledge, global vision and enterprise-wide governance”, controlled risks in key areas, thus ensuring the stability and
implemented management requirements of “definite delegation, controllability of the overall credit risk in 2023.
conscious of the situation, early warning, prompt actions, be
innovative and strict appraisal”, and continued to improve its The Group optimised credit approval management mechanism.
comprehensive risk management system and mechanisms. It In line with the comprehensive financing management rules, the
upgraded long-term mechanisms such as culture, accountability, basic procedure for the comprehensive financing business of
science and technology, inspection, assessment and team-building, corporate customers follows the sequence of “rating, total amount
and pressed ahead with integrated risk management across the and single business”, and the basic procedure for that of group
group. It strengthened cross-cycle asset quality controls, enhanced customers follows the sequence of “total amount of groups, total
its measures to manage new risks, and ensured that all risks were amount of single customers, and single business”. The total amount
under control on the whole. of comprehensive financing covers credit and non-credit investment
Page 21
Corporate Governance Corporate Information Financial Statement Annual Report 21
Capital and Risk Management - Parent Entity
and financing businesses that CCB Corporation has provided and The Group adheres to a liquidity risk management strategy featuring
intends to provide to its customers. Operating departments are prudence, decentralisation, coordination and diversification. The
responsible for customer investigation and eligibility assessment, objective for liquidity risk management is to establish and improve
declaration of customer ratings, development of comprehensive a liquidity risk management system that can fully identify, accurately
financing business plan and post-lending management, while measure, continuously monitor, and effectively control liquidity
credit approval departments are responsible for the implementation risk, effectively balance the return on and security of funds, and
of independent project evaluation, review of credit ratings of safeguard the steady operation across the group. In light of the
corporate customers, and independent approval of comprehensive regulatory requirements, external macro environment and business
financing business. development, CCB Corporation formulates approaches for liquidity
risk identification, measurement and monitoring, sets risk limit
The Group pressed ahead with unified credit risk management. It management criteria, carries out daily liquidity management,
continuously enhanced structural optimisation and adjustment, periodically conducts stress testing at the group level, and reviews
based on a unified credit policy, further advanced strategic businesses and assesses contingency plans.
such as inclusive finance, housing rental, rural revitalisation, and
green finance, and provided support for key areas such as In 2023, the Group adhered to the principle of robustness and prudence,
manufacturing, strategic emerging industries, IT innovation, new proactively responded to dynamics in internal and external capital
infrastructure, energy security, digital economy, and modern service markets, carefully arranged the total amount and structure of capital
industry, so as to consolidate the foundation for long-term sustainable sources and utilisation, and firmly safeguarded the bottom line of risks
development. It enhanced wholeprocess risk management, and with its liquidity risk stably under control. It gave full play to the buffering
integrated environmental, social and governance risks into the role of liquidity reserve, firmly supported business development, and
business management system and the entire process of investment maintained a sound balance between safety, liquidity and profitability.
and lending. It continuously strengthened the fundamental It strengthened coordinated liquidity management at the group level,
management of loan disbursement review, post-lending tracking enhanced the role of coordination mechanism of liquidity management
and collateral monitoring, built and improved the intelligent departments, and strengthened refined management of liquidity
collection model system for retail services, and intensified forward- indicators. It continuously advanced the iteration of liquidity management
looking prediction, prevention and control of risks. It improved its system, improved automatic data calculation, and strengthened FinTech
unified credit risk monitoring mechanism, stressed on the support for daily management. It also proactively fulfilled obligations
responsibilities for risk management and control, adhered to the of a leading state-owned bank, and played its roles as a market stabiliser
“customercentric” concept in coordinated management, and and a policy transmitter.
enhanced collaborative risk prevention and control between the
parent bank and subsidiaries. From 1 July 2023, the Group officially Market Risk Management
implemented the Rules on Risk Classification of Financial Assets of
Commercial Banks. It took full consideration of the substantive risks, In 2023, the Group continuously improved the market risk management
conducted risk classification management in a strict and accurate system. It formulated the annual risk policy and limit plan for investment
manner in line with the three-step procedure of “initial classification, and trading business, and strengthened limit control of subsidiaries.
identification and approval”, and the asset quality remained stable. It optimised the approval mechanism for real estate bond investments,
conducted special stress testing on bonds, carried out risk screening
Liquidity Risk Management of its bond business on a regular basis, and upgraded its debenture
risk management and control system. It advanced the construction
The Board assumes the ultimate responsibility for liquidity risk of digital monitoring platform for financial market trading business
management, and reviews and approves the liquidity risk strategy and constantly conducted digital monitoring of trading business. It
and risk appetite. The senior management carries out the liquidity launched on-site investigation on derivative business in key subsidiaries,
risk strategy set by the Board, and organises the implementation and carried out stress testing and risk screening of derivative business
of the liquidity risk management activities. The board of supervisors in response to fluctuations of RMB exchange rate. It actively pressed
supervises and evaluates the performance of the Board and senior ahead with the construction of “Blue Chip”, the investment and trading
management in liquidity risk management. Asset & liability business risk management and control platform, and actively prepared
management department leads in CCB Corporation’s liquidity risk for the implementation of Basel III. It accelerated the development
management, and forms an executive body together with business and optimisation of IT systems related to the new standardised
management departments and branches to perform specific duties approach for market risk and counterparty credit risk measurement
in liquidity risk management. Each subsidiary assumes the primary on a consolidated basis, and established the systems of measurement,
responsibility for its own liquidity risk management. rules and management.
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22 Opening Business and Functional Review Financial Review
Capital and Risk Management - Parent Entity
Operational Risk Management address global economic challenges. It managed country risks by
extensively applying tools such as assessment and rating, risk limit,
In 2023, the Group took the opportunity of promoting the exposure analysis, stress testing, monitoring and early warning, and
implementation of standardised approach for operational risk under emergency response. It optimised the country risk management
Basel III to effectively improve its operational risk management. system, promptly reviewed country risk ratings, and carried out
country risk assessment. It closely monitored country risk exposure,
Based on the Capital Rules for Commercial Banks, the Group conducted country risk stress testing, and strengthened country
strengthened data management of losses from operational risk, risk early warning and emergency response mechanism. The Group’s
established a business indicator management mechanism, and set country risk exposure was mainly concentrated in countries or
up an operational risk measurement system under the standardised regions with “low” or “relatively low” country risk, and the overall
approach, thus fully reinforcing regulatory compliance. It strengthened country risk was maintained at a reasonable level.
business continuity management, and systematically improved
the system of rules; it identified CCB Corporation’s key businesses IT Risk Management
and resources, improved management strategies, developed
emergency plans and organised emergency drills, so as to consolidate In 2023, the Group improved the system of rules for IT risk
management foundation, enhance operational resilience, and be management, upgraded its management framework and whole-
well prepared for impact of risk events. process management requirements, and performed IT risk
identification, assessment, monitoring, reporting, control and
The Group produced educational videos on compliance to guide and mitigation covering both business and technology across the group.
regulate staff behaviour. It developed a compliance model for staff It also refined the system of IT risk assessment indicators, effectively
behaviour and explored intelligent tools to improve its ability to detect carried out IT risk monitoring and early warning, conducted problem-
noncompliance. It screened and handled certain staff behaviours to oriented on-site inspections, and promoted early identification,
mitigate related risks. It also organised dynamic audits on key operational early warning, early exposure and early resolution of IT risks. The
risk items related to employees, with focus on legal case risk prevention Group attached great importance to cybersecurity, improved its
and control, staff behaviour management and noncompliance. cybersecurity risk monitoring system, conducted all-round, full-
chain and real-time monitoring, actively responded to cyberattacks,
and effectively addressed cybersecurity risks such as ransomware
Reputational Risk Management and data leakage, seeing no cybersecurity incidents throughout
In 2023, the Group adhered to the forward-looking, comprehensive, the year. It reinforced the top-level design and overall management
proactive and effective principle of reputational risk management, of IT outsourcing, improved the management mechanism, conducted
strengthened source management of reputational risk, and continued in-depth supervision and inspection of third-party service providers,
to improve its reputational risk management system and mechanism. and strengthened the risk management and control of IT outsourcing,
It focused on strengthening the working mechanism for emergency seeing no IT risk events caused by third-party outsourcing and
response and joint resolution of reputational events, clarified the cooperation throughout the year. It strengthened external IT audit,
responsibility for adverse publicity prevention of institutions at all levels, engaged professional accounting firms to conduct audit, assurance
and standardised the path and time limit of public opinion reporting and risk assessment on IT services provided by CCB Corporation
process, so as to enhance its capability in quick response to adverse to overseas institutions, IT controls over personal information
media coverage. It strengthened the reporting, monitoring and early protection and SWIFT system, and issue relevant reports. The Group
warning of potential negative publicity, and prevented and mitigated also engaged qualified third-party evaluation institutions to conduct
potential risks with emergency plans. During the reporting period, the protection capability evaluation for filing systems at or above Grade
Group steadily improved its reputational risk management practices III in accordance with standards of cybersecurity classified protection
and effectively safeguarded its good corporate image and reputation. for the financial industry and commercial password application of
As a result, no significant reputational incidents occurred. information systems, and achieved excellent results in evaluation.
Country Risk Management Strategic Risk Management
In strict compliance with regulatory requirements, the Group In 2023, the Group strictly implemented regulatory requirements
incorporates country risk management into the comprehensive on strategic risk management, continued to improve the strategic
risk management system. The Board assumes the ultimate risk management framework and optimise management tools for
responsibility for the effectiveness of country risk management, strategic risk identification and assessment, closely tracked external
and the senior management carries out country risk management economic and financial environment, and built a strategic risk
policies approved by the Board. management system in line with its business scale and product
complexity under the leadership of the Board and senior management.
In 2023, the Group continuously optimised its country risk The Group’s strategic risk remained under control during the
management in line with the needs of business development to reporting period.
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Corporate Governance Corporate Information Financial Statement Annual Report 23
Capital and Risk Management - Parent Entity
Emerging Risk Management and subsidiaries. It continued to streamline equity hierarchy of
the Group, and improved penetrated management ability of
As new risks continue to emerge in the wake of digital transformation subsidiaries at all levels. It reviewed its management policy of
and accelerated application of FinTech in recent years, commercial “different strategies for each subsidiary”, and guided its subsidiaries
banks are facing new challenges in operation and development. to focus on their main business directions for high-quality
The Group attached great importance and actively responded to development. The Group strengthened the transmission and
all kinds of new risks and new forms of traditional risks in the implementation of its unified risk appetite, implemented a dual
digital era, and continuously enhanced its new risk management risk reporting mechanism for subsidiaries, improved the effectiveness
capabilities. of subsidiaries’ business risk source control, and strengthened
overall risk management of subsidiaries. It established a “customer-
Consolidated Management of CCB centric” comprehensive financing management mechanism to
strengthen integrated and collaborative risk control. It strengthened
Corporation Group coordinated management of data requirements of parent bank
In 2023, CCB Corporation continuously enhanced consolidated and subsidiaries, encouraged subsidiaries to accelerate the
management, reinforced various aspects of the Group’s consolidated implementation of data governance measures, and continuously
management, including corporate governance, risk management improved the data capability and automation level of subsidiaries.
and capital management, and prevented cross-border and cross- It enhanced monitoring and management of capital adequacy
industry business risks, and promoted the high quality development of subsidiaries to push the subsidiaries to constantly meet industry
of subsidiaries. regulatory requirements on capital indicators and maintain a
reasonable buffer. It promoted IT integration and the building of
The Group improved its management structure, incorporated data governance system at the group level, and helped its
subsidiaries into the business segment operation and management subsidiaries improve capability of self-governance in technology
system and promoted business integration of the parent bank management and data governance.
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24 Opening Business and Functional Review Financial Review
Shares Highlights
Graph of Shares Price and Volume of CCB Indonesia (MCOR) throughout 2023
Shares Price Shares Volume
100 60,000,000
90
50,000,000
80
70
40,000,000
60
50 30,000,000
40
20,000,000
30
20
10,000,000
10
0 -
Adj Close Volume
Page 25
Corporate Governance Corporate Information Financial Statement Annual Report 25
Shares Highlights
Shares Price Throughout 2023
Highest Price Lowest Price Closing Price
Period Total Transaction Volume
(in IDR) (in IDR) (in IDR)
January 89 77 80 6,303,286
February 84 79 80 4,584,250
March 80 68 69 6,421,043
April 70 67 69 3,578,600
May 79 68 72 7,300,429
June 77 68 73 5,561,624
July 89 73 85 15,965,515
August 85 79 80 6,319,236
September 86 77 84 7,094,170
October 85 77 78 4,861,064
November 81 77 80 3,346,682
December 87 74 78 4,699,189
2023 2022
Shares Price
(in IDR) Closing Closing
Opening Highest Lowest Opening Highest Lowest
Price Price
First Quarter 81 89 68 69 116 118 94 102
Second Quarter 69 79 67 73 102 102 89 91
Third Quarter 73 89 73 84 91 98 84 86
Fourth Quarter 84 87 74 78 86 94 79 80
2023 2022
Shares Volume
Highest Lowest Highest Lowest
First Quarter 35,121,700 337,800 32,400,100 2,045,600
Second Quarter 32,080,000 478,800 29,292,900 1,435,300
Third Quarter 53,853,400 961,700 149,589,400 737,800
Fourth Quarter 25,059,900 546,400 29,073,300 403,800
Market
Shares Performance
2023 2022 Capitalization 2023 2022
(in IDR)
(in IDR)
Highest Price 89 118 First Quarter 2,590,296,791,421 3,829,134,387,318
Lowest Price 67 79 Second Quarter 2,740,458,924,257 3,416,188,522,019
Price at the end of the year 78 80 Third Quarter 3,153,404,789,556 3,228,485,855,974
Earnings Per Share 6.36 3.59 Fourth Quarter 2,928,161,590,302 3,003,242,656,720
Shares Ownership as of
Number of Shareholders Number of shares Ownership Portion
December 2023
Local 11,094 10,304,971,098 27.18%
Local Individual 11,045 6,310,792,668 16.64%
Local Institution 49 3,994,178,430 10.53%
Foreign 47 27,614,759,416 72.82%
Foreign Individual 16 6,084,269 0.02%
Foreign Institution 31 27,608,675,147 72.81%
Total 11,141 37,919,730,514 100.00%
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26 Opening Business and Functional Review Financial Review
Shares Highlights
Capital Structure
Nominal value of IDR100 per share
Description
Number of shares Nominal Amount
Authorized capital 60,000,000,000 Rp6,000,000,000,000
Total Issued and Paid-Up Capital 37,919,730,514 Rp3,791,973,051,400
Number of Shares in Portepel 22,080,269,486 Rp2,208,026,948,600
Chronology of Shares Listing
Shares Listed on
Additional New Paid-Up Shares Nominal Value
Recording Date Description/Corporate Actions the Indonesia
Shares Capital (IDR)
Stock Exchange
April 16th, 2007 Capital prior to Initial Public Offering (IPO) - 1,429,245,170 - 100
July 3rd, 2007 Initial Public Offering (IPO) 300,000,000 1,729,245,170 1,711,952,718 100
January 8th, 2008 Merger (Shares Conversion of PT Bank Multicor, Tbk 1,013,000,000 2,742,245,170 2,714,802,718 100
into PT Bank Windu Kentjana International, Tbk)
July 2010 Limited Public Offering I 1,014,630,713 3,756,875,883 3,719,307,123 100
to the Company’s Shareholders on the issuance of
Pre-emptive Rights (HMETD) to the Shareholders with
offering price amounting to IDR200 per share.
July 2012 Limited Public Offering II 525,962,624 4,282,838,507 4,240,010,121 100
to the Company’s Shareholders on the issuance of
Pre-emptive Rights (HMETD) to the Shareholders
with offering price amounting to IDR200 per share
along with the issuance of Series I Warrant
July - November 2013 Conversion of 5,283 Series I Warrant into Shares 5,283 4,282,843,790 4,240,015,404 100
December 2013 Limited Public Offering III 1,627,480,640 5,910,324,430 5,851,221,186 100
to the Company’s Shareholders on the issuance of
Pre-emptive Rights (HMETD) to the Shareholders
with offering price amounting to IDR125 per share
along with the issuance of Series II Warrant
May – December Conversion of 570,000 Series I Warrant into Shares 570,000 5,910,894,430 5,851,791,186 100
2014
January – December Conversion of 587,404,171 Series I Warrant and 625,392,105 6,536,286,535 6,460,737,221 100
2015 37,987,934 Series II Warrant into Shares
January – July 2016 Conversion of 11,453,773 Series II Warant into Shares 11,453,773 6,547,740,308 6,482,262,901 100
July 25, 2016 Limited Public Offering IV 10,083,519,837 16,631,260,145 16,456,934,930 100
to the Company’s Shareholders on the issuance of
Pre-emptive Rights (HMETD) to the Shareholders
with offering price amounting to IDR100 per share
September – Conversion of 200,606 Series II Warrant into Shares 200,606 16,631,460,751 16,366,239,742 100
December 2016
2020 Limited Public Offering V 21,288,269,763 37,919,730,514 37,540,533,209 100
to the Company’s Shareholders on the issuance of
Pre-emptive Rights (HMETD) to the Shareholders
with offering price amounting to IDR150 per share
2023 During 2023 there was no addition of new shares - 37,919,730,514 37,540,533,209 100
Page 27
Corporate Governance Corporate Information Financial Statement Annual Report 27
Financial Highlights
(in million IDR)
BALANCE SHEET 2023 2022 2021 2020 2019
Total Assets 27,851,946 25,022,953 26,194,548 25,235,573 18,893,684
Loans 19,359,978 16,687,285 13,772,663 14,729,081 13,858,412
Securities 4,506,619 893,950 1,108,110 1,174,538 1,699,912
Placement with Other Banks 184,142 279,436 659,148 256,464 -
Customer Funds 19,986,812 17,946,578 19,274,009 18,452,403 12,861,778
Deposits from Other Banks 324,650 68,011 74,122 40,012 1,593,888
Equity 6,540,557 6,199,237 6,081,204 6,016,716 2,794,858
Liabilities 21,311,389 18,823,716 20,113,344 19,218,857 16,098,826
(in million IDR)
STATEMENT OF PROFIT AND LOSS 2023 2022 2021 2020 2019
Interest Income 1,690,178 1,322,606 1,248,020 1,282,612 1,298,866
Net Interest Income 956,879 803,954 720,832 562,357 559,891
Other Operating Income 43,494 68,965 64,092 64,328 70,192
Other Operating Expenses 543,791 529,401 500,920 514,337 493,623
Operating Income 302,702 170,654 108,928 57,056 114,488
Non-Operating Income (Expenses) 7,099 5,088 (4,914) 6,647 (2,152)
Income Before Tax 309,801 175,742 104,014 63,703 112,336
Net Income (Loss) 241,291 135,959 79,392 49,979 78,967
Income Attributable to Owners of the Company 241,291 135,959 79,392 49,979 78,967
Income Attributable to Non-Controlling Interests
Comprehensive Income (Loss) 341,320 118,032 64,487 85,541 278,700
Comprehensive Income Attributable to Owners of 341,320 118,032 64,487 85,541 278,700
the Company
Comprehensive Income Attributable to Non- - - - - -
Controlling Interests
Earnings per Share (in full Rupiah) 6.36 3.59 2.09 1.91 4.75
(in million IDR)
ASSETS QUALITY 2023 2022 2021 2020 2019
Earning Assets 26,671,589 23,905,067 24,813,815 23,823,521 16,257,504
Non-Earning Assets 215,913 233,616 232,837 247,766 245,592
Total Earning and Non-Earning Assets 26,887,502 24,138,683 25,046,652 24,071,287 16,503,096
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28 Opening Business and Functional Review Financial Review
Financial Highlights
FINANCIAL RATIO (%) 2023 2022 2021 2020 2019
Capital
CAR Credit Risk 40.76% 35.57% 41.56% 38.60% 18.68%
CAR Credit and Market Risks 39.76% 35.24% 41.20% 38.05% 18.60%
CAR Credit Market and Operational Risks 37.45% 32.73% 37.96% 35.28% 17.40%
Fixed Assets to Capital Ratio 12.92% 12.24% 15.75% 23.67% 35.71%
Assets Quality
Non-Performing Earning and Non-Earning Assets to 2.21% 2.70% 3.33% 2.35% 2.61%
Total Earning and Non-Earning Assets
Non-Performing Earning Assets to Total Earning 2.09% 2.37% 2.44% 1.82% 2.09%
Assets
Allowance for Impairment Losses of Financial Assets 1.93% 1.90% 1.19% 0.73% 0.80%
to Earning Assets*
NPL Gross 2.87% 3.40% 4.39% 2.94% 2.52%
NPL Net 0.77% 0.93% 2.45% 1.92% 1.64%
Profitability
ROA 1.22% 0.69% 0.41% 0.29% 0.71%
ROE 4.11% 2.40% 1.43% 1.27% 4.15%
NIM 4.18% 3.54% 3.12% 2.82% 3.83%
BOPO 82.76% 87.76% 92.75% 97.70% 91.49%
Profit/Loss To Income Ratio 13.61% 9.63% 5.92% 3.64% -
Cost to Income Ratio 58.33% 61.59% 66.87% 89.93% -
Liquidity
LDR 96.86% 92.98% 71.46% 79.82% 107.75%
Compliance
Violation of Legal Lending Limit
a. Related Party 0.00% 0.00% 0.00% 0.00% 0.00%
b. Unrelated 0.00% 0.00% 0.00% 0.00% 0.00%
Exceedances of Legal Lending Limit
a. Related Party 0.00% 0.00% 0.00% 0.00% 0.00%
b. Unrelated 0.00% 0.00% 0.00% 0.00% 0.00%
Statutory Reserves Requirement in Rupiah 8.83% 9.62% 5.61% 3.94% 0.00%
Statutory Reserves Requirement in Foreign Currency 4.38% 4.58% 6.24% 5.91% 8.17%
Net Open Position 0.17% 0.40% 0.11% 0.17% 0.64%
Others
Liability to Equity Ratio 325.83% 303.65% 330.75% 319.42% 576.02%
Liability to Assets Ratio 76.52% 75.23% 76.78% 76.16% 85.21%
Page 29
Corporate Governance Corporate Information Financial Statement Annual Report 29
Significant Events
1. Social Visit to the Orphanage of Tangan Kasih 4. Mortgage Marketing Collaboration via Digital Platform
CCB Indonesia carried out a social activity on February 3, 2023 by In line with increasing digitalization, including in property
providing logistical and operational needs for the Tangan Kasih marketing, on May 10, 2023, CCB Indonesia collaborated
Orphanage which cares for 40 children from toddlers to teenagers. with "RINGKAS", a digital platform that helps people who
want to own house or property through applications and
2. Social Assistance for Jamrud Biru Foundation mortgage financing.
CCB Indonesia provided social assistance for logistical needs
at the Jamrud Biru Foundation which takes care of 125 people 5. Fun Walk with the Coordinating Ministry for the
with mental disabilities in Bekasi on February 18, 2023. Economy
CCB Indonesia participated in the Fun Walk event organized
3. Social Assistance for Scavengers and Underprivileged by the Coordinating Ministry for the Economy of the Republic
Families of Indonesia on May 14, 2023 on Sudirman street, Jakarta.
In connection with the holy month of Ramadhan 1444 H, CCB
Indonesia shared the blessings of Ramadhan to those who live in 6. AGMS in Hybrid Manner
scavenger stalls and underprivileged families in collaboration with CCB Indonesia held a hybrid Annual General Meeting of
the Indonesia Hijau Foundation to distribute needs in the form of Shareholders (AGMS), with limited physical presence and
groceries and school supplies and also sponsor to get School also electronically by using the eASY.KSEI application for
Diploma to the fostered children, so that they can continuing e-Proxy, e-Voting and GMS zoom display on June 6, 2023
school to a higher level, with the aim of getting a better life, these at the head office of CCB Indonesia.
activities was held in two places, namely in the Depok and Kebagusan
areas, South Jakarta on April 14, 2023 and April 18, 2023.
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30 Opening Business and Functional Review Financial Review
Significant Events
7. Nusantara CSR Award 2023 Incorporating SDGs 10. Sustainable Greening Program
CCB Indonesia won the "Nusantara CSR Award 2023 Incorporating CCB Indonesia continued the Sustainable Greening Program
SDGs" in the category of Land Ecosystems Sustainable Green by planting 700 seeds of petai plants around Sumberharjo,
Program by La Tofi School of Social Responsibility in Jakarta on Sindukarto and Puloharjo Villages, Wonogiri, Central Java. CCB
July 5, 2023. Indonesia also supported watering plants during the dry
season in 2023. This assistance program for planting seeds
8. Indonesia Best CSR Award 2023 with Outstanding and watering has been implemented continuously since 2014.
Program in Sustainable Greening and Supporting the
Fulfillment of Community Needs 11. Collaboration for Mortgage Marketing in Batam
CCB Indonesia received the "Indonesia Best CSR Award 2023 CCB Indonesia signed a cooperation agreement with Royal
with Outstanding Program in Sustainable Greening and Property and Central Group in Batam on November 8, 2023 to
Supporting the Fulfillment of Community Needs" by Warta support housing marketing through mortgage facilities.
Ekonomi Magazine in Jakarta on July 6, 2023.
12. Social Visit to the Orphanage of Brayat Pinuji
9. Collaboration for Mortgage Marketing of Citra City CCB Indonesia carried out a social visit by providing logistical
Sentul Project assistance and a number of computer equipment to the Brayat
CCB Indonesia signed a cooperation agreement with Ciputra Pinuji Orphanage, Boro, Yogyakarta which cares for 90 children
Group on July 11, 2023 to support the Citra City Sentul project from toddlers to teenagers on July 30, 2023 and December 15,
through mortgage facilities. 2023.
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Corporate Governance Corporate Information Financial Statement Annual Report 31
Significant Events
13. Social Visit to the Orphanage of Bhakti Luhur 17. Free Medical Treatment for Underprivileged Families
CCB Indonesia carried out a social visit by providing logistical CCB Indonesia carried out free medical treatment activity 100
assistance and a number of computer equipment to the Bhakti pax for underprivileged families in Cakung area, East Jakarta, in
Luhur Orphanage, Tangerang, which cares for 62 children with collaboration with Benih Baik Foundation on December 1, 2023.
disabilities on August 18, 2023.
18. Participation in “Capital Market Care Actions for Future
14. Indonesia Best Business Transformation 2023 Generations for Stunting Care Actions and responsible
CCB Indonesia received "Indonesia Best Business Transformation ESG Practices”
2023" in the Era of Disruption by SWA Magazine in Jakarta on CCB Indonesia received Certificate of Appreciation for Participating
August 30, 2023, as well as being a speaker at the award in “Capital Market Care Actions for Future Generations for
ceremony for the winner with the theme 'The Secret Formula Stunting Care Actions and Responsible ESG Practices” from
of Successful Business Transformation'. Public-listed Association and Indonesian Stock Exchange (IDX)
on December 13, 2023.
15. Social Assistance to Orphanage of Mekar Lestari
CCB Indonesia carried out social activities by providing daily 19. Social Visit to Nursing House “Hana” in Yogyakarta
logistical needs and assistance for school fees to the Mekar CCB Indonesia conducted social visit by providing logistics
Lestari Orphanage which cares for 38 children from toddlers assistance to Nursing House “Hana” in Yogyakarta, which took
to teenagers on September 2, 2023. care of 30 elderly women on December 15, 2023.
16. Social Visit to the Orphanage of Guardian Holy Angel 20. Financial Literacy for Small Entrepreneurs
CCB Indonesia carried out a social activity on November 11, CCB Indonesia, in collaboration with Bank Indonesia and Department
2023 by providing logistical and operational needs for the of Cooperatives & SMEs of Yogyakarta Special Region, carried out
Guardian Holy Angel Orphanage which cares for 48 children Financial Literacy related to the use of digital finance and the introduction
from toddlers to teenagers. of sustainable finance, which was attended by 50 small entrepreneurs
at CCB Indonesia Branch Office in Yogyakarta on December 16, 2023.
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32 Opening Business and Functional Review Financial Review
Awards
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Corporate Governance Corporate Information Financial Statement Annual Report 33
Strategic Policy
The Bank's policy is directed at accelerating the development of the corporate banking
business, especially infrastructure financing, and supporting the development of the
SME sector, which is in line with the government program.
CCB Indonesia in short and medium term directs its strategic ▪ Ensure sufficient CAR and liquidity for business development
policy on business improvement, good corporate governance onwards.
implementation, IT system development, process effectiveness ▪ Stay consistent in improving the implementation of good
and cost efficiency encouragement, and human capital corporate governance (GCG) and improving the risk management
professionalism and competence improvement. The direction system to a more advanced level.
of the Bank's policy is in line with the government program, in ▪ Optimizing existing offices, towards developing digital banking
this case infrastructure financing and supporting the development gradually.
of SME sector. ▪ Improving the quality of human capital by increasing the scale
of training programs and more diverse development
The forward-looking strategic direction is aimed at : opportunities.
▪ Develop business prudently and conservatively in the corporate ▪ Strengthening IT system infrastructure to improve the
banking segment, along with the retail segment, namely effectiveness, efficiency and business capabilities of bank.
commercial banking and small and medium scale enterprises Development and utilization of technology to manage risk,
(SMEs), as well as consumer banking, taking into account the facilitate control, AML functions and anti-fraud as well as product
harmony of economic, social and environmental interests. and service development.
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34 Opening Business and Functional Review Financial Review
Report of Board of Commissioners
Sun Jianzheng
President Commissioner
Board of Commissioners deemed that Board of Directors and the management
had taken steps in accordance with their roles, responsibilities, and authorities
properly during 2023
Our fervent gratitude for the God Almighty. On this occasion, Board of Commissioners hereby submits Board of Commissioners' Report
on the performance of CCB Indonesia in 2023.
On the basis of the results of supervision and evaluation conducted, Board of Commissioners viewed that Board of Directors and
management had taken steps in accordance with their duties, responsibilities and authorities.
Board of Commissioners evaluated that the achievement of performance in 2023 is generally good in accordance with the Bank's Business
Plan, especially profitability, loan quality, and maintaining liquidity position. Management has implemented the principle of prudence in
running the business during 2023.
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Corporate Governance Corporate Information Financial Statement Annual Report 35
Report of Board of Commissioners
The results of the Risk Based Bank Rating in December 2023 by Board of Commissioners continuously monitors the factors that
self-assessment obtained a composite rating with a value of "2", affect the Bank's soundness, namely aspects of the risk profile,
which reflects the Bank's generally healthy condition; thus, it is implementation of good corporate governance, profitability, and
considered capable of facing significant negative effects from capital, and continues to encourage management to be consistent
changes in business conditions and other external factors, taking from strategy formulation to implementation of the established
into account assessment factors, namely risk profile, application of strategy, including the targets set in the Plan. Bank business can
good corporate governance, profitability and capital. be realized. Periodically, the Board of Commissioners holds a
meeting of Board of Commissioners, as well as a meeting of Board
In order to support the bank's business policies that have been of Commissioners with Board of Directors in the context of
established in the implementation of the Company's supervisory implementing the supervisory function of the Bank's business
duties, Board of Commissioners, assisted by Audit Committee, Risk activities in accordance with the determined strategic plan. Every
Monitoring Committee, and Remuneration and Nomination semester, Board of Commissioners submits a Business Plan
Committee, constantly encourages the Company's performance Supervision Report to the Financial Services Authority in accordance
by improving the quality of planning, the function of internal with the provisions. In general, the Bank has been able to comply
supervision, evaluating the formulation and implementation of with the provisions of the Financial Services Authority and other
policies in the field of risk and evaluating and providing input on regulatory authorities.
remuneration and nomination policies to Directors.
In the view of Board of Commissioners, CCB Indonesia has
During the 2023 period there was no change to the membership implemented good corporate governance in accordance with
and composition of Board of Commissioners. In accordance with applicable laws and regulations, which was realized in:
the provisions, the number of members of the Bank's Board of - Implementation of the duties and responsibilities of Board of
Commissioners is not less than 3 (three) people and does not exceed Commissioners and Board of Directors
the number of members of Board of Directors. Members of Board of - Completeness and implementation of duties of committees and
Commissioners consist of Independent Commissioners and Non- work units that undertake the bank's internal control functions
Independent Commissioners, with a composition of 50% of the - Implementation of compliance, internal auditor and external
members of Board of Commissioners are Independent Commissioners. auditor functions
- Implementation of risk management, including internal control
In 2023 there was the changes to the membership of the Audit systems
Committee as stipulated in Directors' Decree No. 039/SK-DIR/KP- - Provision of funds to related parties and provision of large funds
JKT/V/2023. Meanwhile, there was no change in the membership of - Bank's strategic plan
Risk Monitoring Committee and Remuneration and Nomination - Transparency of the Bank's financial and non-financial conditions.
Committee during 2023. Membership of the Audit Committee, Risk
Monitoring Committee, as well as Remuneration and Nomination Frequency and Method of Providing Advice from
Committee is described in detail in the Corporate Governance Chapter. Board of Commissioners to Board of Directors
The membership and composition, as well as the independence Board of Commissioners not only plays an oversight role but also
of the members of all Committees under the supervision of Board plays an active role in providing advice. Giving advice from Board
of Commissioners, have complied with the provisions of the Financial of Commissioners to Board of Directors is carried out both formally
Services Authority. in the Meeting, and informally on every opportunity that exists
with all Directors and with one of Directors.
Board of Commissioners has a Board of Commissioners Charter
(BOC Charter) which covers Work Ethics, Working Hours and Meetings, Board of Commissioners Meeting classifies Formal Meetings into
Duties and Responsibilities, Rights and Authorities, Work Relations, 3 (three) types of meetings, namely:
Performance Assessment and Evaluation. 1. Board of Commissioners meetings, namely internal meetings
of Board of Commissioners which in 2023 have been held 6
Board of Commissioners also has Guidelines for Conducting a Meeting (six) times, 5 (five) of which were attended by all members of
of Board of Commissioners, based on Financial Services Authority Board of Commissioners, and were held virtually via
Regulation No. 33/POJK.04/2014 on December 8, 2014, concerning teleconference.
Directors and Board of Commissioners of Issuers or Public Companies, 2. Board of Commissioners invite Board of Directors meetings,
as well as Board of Commissioners Code of Conduct, which includes namely the online meeting of Board of Commissioners with
regulating and evaluating the performance of Board of Commissioners. Board of Directors which in 2023 has been held 3 (three) times.
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36 Opening Business and Functional Review Financial Review
Report of Board of Commissioners
3. Committee meetings under the supervision of Board of principles of Good Corporate Governance in every business activity
Commissioners, consisting of Audit Committee Meetings, Risk at all levels or levels of the organization is an important factor to
Monitoring Committee Meetings, and Remuneration and gain the trust of stakeholders, including: shareholders/investors,
Nomination Committee Meetings which the Committee customers, correspondent banks, government/regulators,
Meetings may also invite Directors or members of the Board employees, suppliers and the community in the CCB Indonesia
of Directors if necessary. work environment, because the results of Good Corporate
Governance assessment also affect the assessment of the Risk-
The Bank has held hybrid Annual General Meeting of Shareholders Based Bank Rating (RBBR).
(AGMS), with limited physical presence and electronically by using
the eASY.KSEI application for e-Proxy, e-Voting and GMS zoom In the context of implementing sustainability finance, CCB Indonesia
display on June 6, 2023 at the head office of CCB Indonesia. carries out business activities in responsible manner, by integrating
environmental, social and governance aspects within the framework
The following is a review of the financial performance in 2023: of sustainable finance, including by providing loans for environmentally
The Bank’s profit after tax in 2023 was IDR241.29 billion, a significant sound business activities, namely to parties who have social and
increase of 77.47% compared to 2022 of IDR135.96 billion, with environmental concerns (green company), and implement sustainable
achieving 157.69% of the business plan target. Likewise, other greening programs, as well as financial literacy and inclusion
indicators such as loan quality and efficiency showed better programs. Thus, the growth of CCB Indonesia's business will have
performance than the previous year. a good impact on the preservation of the planet and the welfare
of the community's environment.
Loan disbursement increased by 16.02% year on year from IDR16.69
trillion as of December 31, 2022 to IDR 19.36 trillion as of December Indonesia's economic growth remains strong amidst the global
31, 2023, with 101.24% achievement of the business plan. Meanwhile, economic slowdown, based on data from the Central Statistics
Third Party Funds year on year increased by 11.37% from IDR17.95 Agency (BPS), overall economic growth in 2023 was recorded strong
trillion to IDR19.99 trillion as of December 31, 2023, or 97.88% of growth of 5.05% (yoy).
the business plan target. The Bank manages to improve the
effectiveness of the intermediary function by optimizing the Loan According to Bank Indonesia, economic growth in 2024 is expected
to Deposits Ratio (LDR). As Loan increased, Total Assets as of to continue to increase, driven by domestic demand, particularly
December 31, 2023 also rose 11.31% year on year from IDR 25.02 continued growth in consumption, including the positive impact
trillion to IDR27.85 trillion, or 100.95% of the business plan target. of holding elections, as well as increased investment, particularly
buildings, in line with the continued development of PSN, including
Achievement of profitability ratios namely Return On Assets (ROA) the Indonesian Capital City (IKN). Based on Business Fields (LU), the
and Return On Equity (ROE) as of December 31, 2023 were 1.22% LU prospects for the Manufacturing Industry, Wholesale and Retail
and 4.11% respectively, better than the business plan targets of Trade, Information and Communication, Construction, and
0.79% and 2.65% respectively. Net Interest Margin (NIM) of 4.18% Transportation and Warehousing are predicted to continue to grow
also exceeded the business target of 3.68%. As of December 31, well. Bank Indonesia continues to strengthen the synergy of the
2023, the loan quality of gross NPL was 2.87% and net NPL was Government's fiscal stimulus with Bank Indonesia's macroprudential
0.77%, which was better than the target of 3.95% and 1.32% stimulus to encourage economic growth, especially from the
respectively. Capital Adequacy Ratio (CAR) as of December 31, domestic demand side.
2023 reached 37.45% higher than the projected business plan of
35.97%. In the Macroeconomic Framework and Principles of Fiscal Policy
for 2024, the Government assumes economic growth in 2024 of
Tier-1 Capital increased from IDR5.73 trillion as of December 5.1% to 5.7%.
2022, up by IDR284 billion to IDR6.014 trillion as of December
2023. In accordance with the Business Plan, in 2024 the Bank plans credit
growth of 13.59%, Third Party Funds are estimated to grow 15.81%
Board of Commissioners considers that the implementation of by optimizing the Bank's liquidity position at the LDR position of
Good Corporate Governance at CCB Indonesia has been carried 95.00%, while Total Assets are projected to increase 11.23% compared
out properly and sustainably, by maintaining the fulfilment of the to the position end of 2023.
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Corporate Governance Corporate Information Financial Statement Annual Report 37
Report of Board of Commissioners
Projected financial ratios for 2024 include: gross NPL ratio of 3.10%, internal control system, implementing Good Corporate Governance
net NPL of 0.52%; CAR of 34.55%; LDR of 95.00%; NIM of 3.86%; ROA and risk management thoroughly.
of 1.12% and ROE of 4.12%.
Conclusively, on this occasion we express our gratitude for the hard
Board of Commissioners assesses that the Bank's prospects are work of Board of Directors, and do not forget our appreciation for
good in the future and the upcoming strategic policy steps prepared all shareholders, employees, customers, business partners, banking
by Board of Directors through the Bank's Business Plan are good and capital market authorities, as well as other stakeholders for
and realistic towards the Bank's internal and external conditions. their trust and great support for CCB Indonesia.
The business strategy that has been reported to Board of
Commissioners by Board of Directors, including business May God Almighty always guide and protect all of us; thus, we can
implementation plan based on the principle of prudence, adequate welcome the future optimistically.
Board of Commissioners,
Sun Jianzheng
President Commissioner
Qi Jiangong Mohamad Hasan Yudo Sutanto
Commissioner Independent Commissioner Independent Commissioner
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38 Opening Business and Functional Review Financial Review
Report of Board of Directors
You Wennan
President Director
The Bank's financial performance in 2023 showed a strong financial result. Net profit
showed a significant increase of 77.47% y-o-y which was supported by an increase in
lending of 16.02% y-o-y and also strengthening of various financial ratio indicators,
especially profitability, efficiency and asset quality while still adhering to the principle
of prudence with a strong liquidity and capital position.
World economic growth is slowing as financial market uncertainty eases. The global economy is forecast to grow by 3.0% in 2023 and
slow to 2.8% in 2024. The economies of the United States (US) and India remain strong, supported by household consumption and
investment.
Meanwhile, China's economy is slowing as household consumption and investment remain weak as a result of the weakening performance
of the property sector, as well as limited fiscal stimulus.
The decline in inflation in developed countries, including the US, continues, although it is still above target, while China's inflation is decreasing
due to slowing economic growth. The cycle of increasing monetary policy interest rates in advanced countries, including the Fed Funds Rate
(FFR), is predicted to have ended although it will still remain high in the first semester of 2024, with the possibility that it will start to decline
in the second semester of 2024.
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Corporate Governance Corporate Information Financial Statement Annual Report 39
Report of Board of Directors
Indonesia's economic growth remains strong amidst the global Indonesian Government continues to take further policy steps
economic slowdown, based on data from the Central Statistics needed to support the National Economic Recovery program by
Agency (BPS), overall economic growth in 2023 was recorded strong observing the dynamics of the global economy and financial
growth of 5.05% (yoy). markets and its impact on Indonesia's economic prospects from
time to time in order to maintain macroeconomic and financial
Indonesia's economic recovery continues to be supported by system stability, as well as accelerate national economic recovery.
domestic demand driven by consumption and investment in line
with the acceleration of Government spending at the end of the During 2023 the financial performance of CCB Indonesia showed
year and the accelerated completion of several National Strategic a number of positive financial ratio indicators, especially the Bank's
Projects (PSN). profitability performance during this pandemic. The profit after tax
in 2023 was IDR241.29 billion, a significant increase of 77.47%
Indonesia's Balance of Payments (NPI) in 2023 is estimated to record compared to 2022 of IDR135.96 billion, with achieving 157.69% of
a surplus, thereby supporting external resilience. The trade balance the business plan target. Likewise, other indicators such as loan
surplus continued in December 2023, which was recorded at 3.3 billion quality and efficiency showed better performance than the previous
US dollars, influenced by the export performance of Indonesia's main year.
commodities which remained strong, such as coal and iron and steel.
Loan disbursement increased by 16.02% year on year from IDR16.69
The foreign capital inflow in the form of portfolio investment into trillion as of December 31, 2022 to IDR19.36 trillion as of 31 December
the domestic financial market also continued with net inflows until 2023, with 101.24% achievement of the business plan. Meanwhile,
the end of 2023 recorded at 5.4 billion US dollars. Third Party Funds year on year increased by 11.37% from IDR17.95
trillion to IDR19.99 trillion as of December 31, 2023, or 97.88% of
Indonesia's foreign exchange reserve position at the end of December the business plan target. The Bank manages to improve the
2023 was recorded to have increased to 146.4 billion US dollars, effectiveness of the intermediary function by optimizing the Loan
equivalent to financing 6.7 months of imports or 6.5 months of to Deposits Ratio (LDR). As Loan increased, Total Assets as of
imports and payment of government foreign debt, and is above December 31, 2023 also rose 11.31% year on year from IDR25.02
the international adequacy standard of around 3 months of imports. trillion to IDR27.85 trillion, or 100.95% of the business plan target.
Meanwhile, the capital and financial transaction balance surplus is Achievement of profitability ratios namely Return On Assets (ROA)
predicted to continue, supported by foreign capital inflows in line and Return On Equity (ROE) as of December 31, 2023 were 1.22%
with investors' positive perception of better domestic economic and 4.11% respectively, better than the business plan targets of
prospects and attractive investment returns. 0.79% and 2.65% respectively. Net Interest Margin (NIM) of 4.18%
also exceeded the business target of 3.68%. As of December 31,
The stability of the Rupiah exchange rate is well maintained 2023, the loan quality of gross NPL was 2.87% and net NPL was
throughout 2023, going forward, the Rupiah exchange rate will 0.77%, which was better than the target of 3.95% and 1.32%
remain stable with a tendency to strengthen supported by easing respectively. Capital Adequacy Ratio (CAR) as of December 31,
global uncertainty, a downward trend in developed country bond 2023 reached 37.45% higher than the projected business plan of
yields, and easing pressure on strengthening the US dollar. The 35.97%.
positive development of the Rupiah exchange rate in the future is
supported by Bank Indonesia's stabilization policy as well as Tier-1 Capital increased from IDR5.73 trillion as of December 2022,
strengthening pro-market monetary operations strategies through up by IDR284 billion to IDR6.014 trillion as of December 2023, which
optimizing SRBI, SVBI and SUVBI instruments in order to attract qualifies the Bank for an upgrade to KBMI 2 bank category.
foreign portfolio inflows and deepen the money market.
The challenges faced by CCB Indonesia during 2023 are primarily
Inflation decreased and was maintained within the target range. economic recovery from the impact of the COVID-19 pandemic in
CPI inflation in December 2023 was recorded at 2.61% (yoy), down a number of business sectors, including CCB Indonesia's customers.
from the previous year's 5.51% (yoy). In addition, the level of competition in the banking industry is still
tight and competitive, both in terms of assets and liabilities, including
Banking loans in 2023 will remain good, thus supporting economic margin spreads. The Bank always sets interest rates at a competitive
growth. Loan growth in 2023 will reach 10.38% (yoy). From the and reasonable level.
demand side, the increase in loans is in line with the positive
performance of corporations and households. From the supply At the end of 2023 CCB Indonesia has a network of 72 offices,
side, the increase in loans was driven by banking risk appetite and consisting of 1 Head Office, 20 Branch Offices and 51 Sub-Branch
well-maintained banking liquidity capacity. Offices, spread across cities in Indonesia such as Jakarta, Bandung,
------------------------- Semarang, Solo, Yogyakarta, Surabaya, Denpasar Bali, Mataram
Source: Bank Indonesia Lombok, Palembang, Bandar Lampung, Batam, Pekanbaru, Pontianak,
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40 Opening Business and Functional Review Financial Review
Report of Board of Directors
Makassar and Pangkal Pinang. During 2023, CCB Indonesia has ESG) in a sustainable financial framework, including by maintaining
consolidated with the closing of 8 (eight) offices with consideration clean environment around the office, providing loans for
of business effectiveness, namely KCP Melawai, KCP Cibinong, KCP environmentally friendly business activities, namely to parties who
Tanjung Pinang Merdeka, KCP Bandung Sudirman, KCP Bekasi have social and environmental concerns (‘green companies’),
Ahmad Yani, KCP Bali Tabanan, KCP Mataram Ampenan, and KC implement a sustainable greening program, as well as financial
Cirebon. literacy and inclusion programs. The occurrence of climate change
or extreme weather, which recently hit the earth globally and
Board of Directors has a Code of Conduct for Board of Directors caused various disasters, such as long droughts, landslides. CCB
(BOD Charter) which includes Work Ethics, Working Hours and Indonesia has participated in sustainable greening program on
Meetings, Duties and Responsibilities, Rights and Authorities, Work barren land that has been implemented for the past 9 (nine) years
Relationships, Performance Appraisal and Evaluation. In 2023, there continuously through corporate social responsibility which aims
is no change in the composition of Board of Directors of CCB to prevent erosion and avoid landslides. CCB Indonesia encourages
Indonesia. Board of Directors has the Guidelines for Conducting loan providers to give priority to environmentally sound business
the Meeting of the Board of Directors, based on Financial Services with concern for social and environmental aspects (‘green financing’),
Authority Regulation regarding Board of Directors and Board of for example the business sector of processing waste into energy
Commissioners of Issuers or Public Companies, as well as the Board sources.
of Directors Charter, which includes the Assessment and Evaluation
of Board of Directors' Performance. In 2023 Board of Directors has By prioritizing safety for all, CCB Indonesia held a hybrid Annual
held 84 (eighty four) Board of Directors meetings, which are generally General Meeting of Shareholders (AGMS), with limited physical
carried out virtually, and has held 3 (three) Board of Directors invite presence and electronically by using the eASY.KSEI application for
Board of Commissioners meetings, so that it has complied with e-Proxy, e-Voting and GMS zoom display on June 6, 2023 at the
the applicable provisions. head office of CCB Indonesia.
The results of the Risk Based Bank Rating in Semester II 2023 by Bank Indonesia appointed CCB Indonesia as one of initiator banks
self-assessment obtained a composite rating with a value of "2", as the Management of the Indonesian Money Market and Foreign
which reflects the Bank's generally healthy condition; thus, it is Exchange Market Association (APUVINDO), namely a self-regulatory
considered capable of facing significant negative effects from association that was formed by transaction performers in the
changes in business conditions and other external factors, taking Indonesian Foreign Exchange Market (PUVA) in 2023.
into account valuation factors, namely risk profile, implementation
of good corporate governance, profitability and capital. CCB In 2024, economic growth is expected to continue to increase,
Indonesia has received the idAAA rating (highest rating) for 4 (four) supported by domestic demand, especially continued growth in
consecutive years from the rating agency PT Pefindo, the latest consumption, including the positive impact of holding elections,
period September 4, 2023 to September 1, 2024, on the basis of as well as increased investment, especially buildings, in line with
capital strength, liquidity and support from the shareholders of the continued development of PSN, including the Indonesian
CCB Indonesia. Capital City (IKN). Based on Business Fields (LU), the LU prospects
for the Manufacturing Industry, Wholesale and Retail Trade,
Board of Directors of CCB Indonesia fully support the implementation Information and Communication, Construction, and Transportation
of Sustainable Finance for Financial Service Institutions, Issuers, and and Warehousing are predicted to continue to grow well. Bank
Public Companies, in accordance with Financial Services Authority Indonesia continues to strengthen the synergy of the Government's
Regulation (POJK) No. 51/POJK.03/2017, which is a comprehensive fiscal stimulus with Bank Indonesia's macroprudential stimulus to
support from the financial services sector to create sustainable encourage economic growth, especially from the domestic demand
economic growth by aligning economic, social and environmental side.
interests.
In the Macroeconomic Framework and Principles of Fiscal Policy
CCB Indonesia is committed to preserving the environment in the for 2024, the Government assumes economic growth in 2024 of
company's daily operational activities by integrating environmental, 5.1% to 5.7%. Bank Indonesia estimates that banking loans will
social and governance aspects (environmental social governance/ grow 10%–12% in 2024.
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Corporate Governance Corporate Information Financial Statement Annual Report 41
Report of Board of Directors
In 2024, CCB Indonesia plans credit growth of 13.59%, Third Party meeting to ensure the implementation of strategies and policies
Funds are estimated to grow 15.81% by optimizing the Bank's can proceed properly.
liquidity position at the LDR position of 95.00%, while Total Assets
are projected to increase 11.23% compared to the position end of The broad and comprehensive implementation of Good Corporate
2023. Governance will contribute to profitability, added value for
stakeholders, and long-term business growth sustainability for CCB
Projected financial ratios for 2024 include: gross NPL ratio of 3.10%, Indonesia as a public-listed company.
net NPL of 0.52%; CAR of 34.55%; LDR of 95.00%; NIM of 3.86%; ROA
of 1.12% and ROE of 4.12%. In expanding business volume, the CCB Indonesia is committed to always implementing the principles
Bank always adheres to the prudential principle. of Good Corporate Governance in every business activity.
Strategies and strategic policies are directed at prudent and In implementing Good Corporate Governance, CCB Indonesia
conservative business development in the corporate banking builds a corporate culture by applying the principles of corporate
segment, along with the Small and Medium Enterprises (SME) governance, namely transparency, accountability, responsibility,
segment including commercial and consumer banking; maintain independence and fairness. These five principles are always applied
CAR position and adequate liquidity for business development in in business activities and the implementation of the Bank's daily
the years to come; implementation of good corporate governance; operations at all levels of the organization.
development of information technology systems; promote process
effectiveness and cost efficiency, as well as improve professionalism On this occasion, Board of Directors expressed the greatest
and competence of human capital. appreciation to all stakeholders for their trust and support, as well
as the well-established cooperation so far; therefore, the Bank was
The formulation of these strategies and policies are discussed able to improve its performance. We would also like to express our
intensively by Board of Directors through Board of Directors deepest gratitude to the Shareholders and Board of Commissioners
meetings, as well as meetings of Board of Directors with Board who have entrusted us with managing this Bank, as well as to all
of Commissioners. Periodically the Board of Directors conducts employees, CCB Indonesia's big family who participated together
monitoring accompanied by discussions at the Board of Directors in advancing CCB Indonesia with great dedication.
Board of Directors,
You Wennan
President Director
Zhu Yong Setiawati Samahita Junianto
Director Director Director
Chandra NT Siagian Agresius R. Kadiaman
Director Compliance Director
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42 Opening Business and Functional Review Financial Review
Yogyakarta
As an honour to Ponorogo, who aided the Yogyakarta palace when it was invaded by Trunojoyo, the Mataram palace requires
all visitors to perform the Klana Sewandana dance, a traditional dance. However, the Klana Sewandana dance has been preserved
in the form of a Yogyakarta-style performance that aims to capture the tenacity and bravery of the powerful Klana Sewandana
monarch as well as serve as a dance to ward off evil. This dance has up to this point demonstrated that the Yogyakarta palace
has always been secure.
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Corporate Governance Corporate Information Financial Statement Annual Report 43
Business and Functional
02
Review
Page 44
44 Opening Business and Functional Review Financial Review
Loan
Corporate Banking 45 CCB Indonesia builds and maintains close and mutually
beneficial relationships with customers for long-term
Commercial Banking 45
sustainable growth
Consumer Banking 46
Accelerating business development in the corporate banking segment, along with the
Small and Medium Enterprise retail segment, namely commercial banking and small and medium scale enterprises
(SMEs) Loan 46 (SMEs), as well as consumer banking, taking into account the harmony of economic, social
and environmental interests.
Loan by collectability 47
CCB Indonesia has full support from China Construction Bank Corporation as controller
who has expertise and experience, especially in infrastructure financing, which is in line
with government programs and supports the Indonesian economy in general.
CCB Indonesia always maintains diversified loan portfolios in various economic sectors,
so that the spread of risk is relatively good. Lending is directed at sectors that are considered
still potential and prospective with a focus on the quality and level of ability to repay
debtors' loans.
Page 45
Corporate Governance Corporate Information Financial Statement Annual Report 45
Loan
CCB Indonesia is actively extending credit to existing customers, The focus of the industrial sectors for corporate banking include:
as well as potential customers to expand and develop the business, infrastructure, manufacturing, natural resources (oil and gas, mining
as well as for working capital needs, as well as other needs. CCB and other materials), transportation (sea, air and land), irrigation
Indonesia continues to strive to finance important industrial sectors systems, petrochemicals, telecommunications, waste recycling
to support business growth. CCB Indonesia is always guided by management, real estate/property and electricity generation.
the conservative principle and the prudential banking principle.
Corporate Banking develops a number of products on a larger
In the context of implementing sustainability finance, providing scale, such as investment loan, working capital loan, syndicated
loans for environmentally sound business activities, namely to loan, factoring, commodity financing, trade finance, export credit,
parties who have a concern for the environment (green company). bank guarantees, invoice financing and LC standby. Corporate loan
CCB Indonesia encourages credit providers to give more priority products include Back to back loan, Current Account Loan, Syndicated
to business actors who carry out their business by prioritizing Loan, Investment Loan, Project Financing Loan, Working Capital
environmentally sound aspects. Loan, and trade finance products.
Loan distribution is directed at sectors that are considered still Commercial Banking
potential and prospective with a focus on the quality and level of
ability to repay debtors' loans. The step of lending is carried out by Commercial loans at CCB Indonesia is the provision of credit facilities,
management in accordance with government policy and the both for companies and individuals, for the needs of working capital
Financial Services Authority. In increasing the credit portfolio, CCB and investment financing.
Indonesia channelled funds to various sectors from trade, industry,
services, infrastructure, consumption, and others. - Working Capital is a credit facility provided to meet the needs
of working capital that runs out in one business cycle, and/or
CCB Indonesia continues to encourage the bank intermediary special working capital needs such as to finance inventory/
function by taking into account liquidity; Loan to Deposits Ratio receivables/projects or other special needs which, according
(LDR) position of 96.86% as of December 31, 2023. In 2023 lending to CCB Indonesia's evaluation, are appropriate to be financed.
increased significantly by 16% y-o-y from IDR16.7 trillion as of ▪ Credit limit as needed
December 2022 to IDR19.4 trillion as of December 2023, or 101% ▪ Credit can be given in Rupiah or foreign currency
of the target. During 2023, loan quality can be maintained well, ▪ The period of up to a maximum of 1 year and can be
with gross NPL ratio of 2.87% from the initial target of 3.95%. extended as needed
▪ The nature of revolving or non-revolving credit
A number of business sectors are considered prospective, including
infrastructure, telecommunications, consumption, the service sector, - Investment is a credit facility provided to finance the needs
trade and the manufacturing sector with domestic raw materials. of capital goods in the context of rehabilitation, modernization,
expansion, establishment of new projects and/or special needs
Corporate Banking related to investment.
▪ Credit limit as needed
Development of distribution to the corporate banking segment, ▪ Credit is given in Rupiah or foreign currency
related to controllers, CCB Corporation, which has expertise and ▪ Long-term (more than 1 year) adjusted to the project plan
experience in handling corporate banking, especially for infrastructure
financing and trade finance, especially Chinese corporations that CCB Indonesia's commercial loans play an important role in
invest and do business in Indonesia, state-owned companies, and channelling funds through credit. This shows the role and contribution
Indonesian conglomerate companies. of CCB Indonesia to help grow the Indonesian economy by
encouraging the growth of the business sector in society.
Financing in the infrastructure sector is in line with current government
programs, by providing financing solutions for government projects CCB Indonesia's lending policy is guided by the principle of prudential
through arranging or participating in syndicated financing with banking. Increasing the loan portfolio to various potential and
CCB Corporation groups, or externally with other banks; as well as quality business sectors that support the growth of the Indonesian
the "one belt - one road" program development initiative in Indonesia. economy remains spread evenly, so as to avoid concentrated risk.
Page 46
46 Opening Business and Functional Review Financial Review
Loan
Consumer Banking Ease of access and premium quality services to customers and
prospective customers with a focus on prospective areas as a
In distributing consumer credit, CCB Indonesia has implemented consumer credit marketing channel.
a number of attractive program promos for customers, including
product exhibitions and promotions in public places, as well as Small and Medium Enterprise (SMEs) Loan
providing special promotions for Mortgage Loan programs. CCB
Indonesia also cooperates with a number of major developers in The SME sector has become the prima donna of credit disbursement
order to provide mortgage facilities for consumers of the main in the banking industry, in addition to having still wide opportunities,
developers. it has been proven to be relatively more resilient in a crisis situation
that has occurred several times in Indonesia. Lending to SMEs is
The increasing number of CCB Indonesia's branch offices in various also in line with government programs to encourage the improvement
cities in Indonesia has increased the competitiveness of CCB of SMEs in Indonesia. Efforts to increase lending to the SME segment
Indonesia in the consumer sector. In line with that CCB Indonesia with wider risk spreading. Flexibility combined with the conservative
develops innovative products and improves service quality. The principle is the main foundation for this UKM credit, the ability of
level of customer needs is continuously monitored and the results personnel handling credit is sharpened by the provision of special
are used as a basis for continuous improvement in products and training. Besides that, the activity of lending to UKM is also classified
services. as sustainability finance.
In the midst of intense competition in the consumer sector, CCB The number of loans to the MSME sector as of December 31, 2023
Indonesia relies on customer-oriented business models that are was Rp1,703 billion with the ratio of MSMEs to total loans of 8.79%.
able to provide innovative products according to consumer Based on the economic sector, the largest portion of the financing
needs. plan for MSMEs for each group is as follows:
MSME Loans Distribution The Most Dominant Economic Sector Sharing of Groups
Micro Business Loans Wholesale & Retail 2.58%
Small Business Loans Wholesale & Retail 18.49%
Medium Business Loans Wholesale & Retail 78.93%
Viewed from the type of use, the following loan classifications per position 31 December 2023 compared to the position 31 December
2022:
31 Dec 2023 31 Dec 2022
Type of Loans % %
(in million IDR) (in million IDR)
Working capital 8,836,642 45.64% 8,188,467 49.07%
Investment 9,046,948 46.73% 6,994,754 41.92%
Consumer 1,473,201 7.61% 1,499,234 8.98%
Employee 3,187 0.02% 4,830 0.03%
Total 19,359,978 100.00% 16,687,285 100.00%
In 2023, the concentration of CCB Indonesia's lending in the Manufacturing Industry sector (21.72%), Electricity, Gas and Water (17.05%),
Financial Intermediaries (16.09%) and Wholesale and Retail trade (9.14%), others were spread across various industrial sectors. CCB Indonesia
continues to maintain the diversification of the loan portfolio relatively spread to various economic sectors, so that the spread of risk is
relatively good.
Page 47
Corporate Governance Corporate Information Financial Statement Annual Report 47
Loan
Loan Data by Economic Sector in 2023
7.63% 6.38%
4.67%
3.79%
2.79%
9.14%
0.63%
0.18%
0.04%
0.22%
0.00%
0.09%
9.57%
16.09% 21.72%
17.05%
Manufacturing Industry Mining And Excavation
Electricity, Gas And Water Accommodation And Supply Of Drinking Food
Financial Intermediaries Health Services And Social Activities
Real Estate, Rental Business And Company Services Agriculture
Wholesale And Retail Trade Education Services
Household Fisheries
Construction Community Services, Social Culture, Entertainment And Other Personals
Transportation, Warehousing And Communication Administration, Government, Defense And Social Guarantee
Loan by collectability
(in million IDR)
Description 2023 2022
Current 18,266,779 15,991,256
Spesial Mention 536,786 128,820
Sub Standard 245,676 4,356
Doubtful 38,171 233,779
Loss 272,566 329,074
Total 19,359,978 16,687,285
Page 48
48 Opening Business and Functional Review Financial Review
Treasury, FI, Trade Finance and International Banking
Financial Institution/ FI 49 Bank Indonesia (BI) appointed CCB Indonesia as one of
initiator banks as management of the Money Market and
Trade Finance 49
Foreign Exchange Market Association Indonesia
International Banking 49 (APUVINDO)
Treasury role in CCB Indonesia includes assets and liabilities management, liquidity
management, and the net open position (NOP) in accordance with applicable regulations.
Treasury also acts as a profit center through securities trade and foreign exchange
transactions, either for customer's benefit or Bank’s benefit.
Treasury is actively and dynamically managing Bank's liquid assets portfolio to diversify
its fund placement. Bank conducts placement in the inter-bank market, State Treasury
Notes, Bank Indonesia Certificate and Corporate Bonds.
For foreign exchange transactions, Treasury strengthens its cooperation with corporate
and commercial segments to cover a larger client network. The diversity of products
offered are also tailored to customer's requirements. Thus, Bank's marketing strategy to
market Treasury product solutions can be more optimal. Bank has offered Treasury service
solutions in the form of foreign exchange transactions of Spot, Forward, Swap and various
hedging product solutions.
Moreover, with the expansion of inter-bank network owned, Treasury is now participating
more actively in the money market transactions and foreign exchange markets. Without
ignoring the precautionary principle, Treasury is expected to provide optimal and sustainable
income from this inter-bank market.
Page 49
Corporate Governance Corporate Information Financial Statement Annual Report 49
Treasury, FI, Trade Finance dan Perbankan International
Facing the existing economic challenges, Treasury is expected to CCB Indonesia also supports Bank Indonesia's initiative to encourage
continue to take the initiative in developing existing products and the expansion of repurchase agreement (Repo) transaction actors
businesses. Existing opportunities will continue to be explored to in order to develop advanced and modern financial markets, increase
provide reliable solutions for the needs of foreign exchange the effectiveness of monetary policy transmission and encourage
transactions and customer hedging. financial system stability by increasing the number of Global Master
Repurchase Agreement (GMRA) signings with counterparties in
CCB Indonesia is one of the Indonesian Appointed Cross Currency Indonesia. This GMRA agreement is one of the main requirements
Dealer (ACCD) Banks in the Implementation of Bilateral Transactions before carrying out a repo transaction with a counterparty.
with Local Currency Settlement (LCS) between Indonesia and China.
Bank Indonesia (BI) and the People's Bank of China (PBC) since 2021 Trade Finance
officially started the implementation of cooperation in the settlement
of bilateral transactions with local currencies between Indonesia CCB Indonesia provides comprehensive Trade Finance products
and China. The framework for this cooperation includes, among and services to customers both local or international transactions,
others, the use of direct quotations and relaxation of certain to assist customers in issuing Letter of Credit (LC), Domestic Letter
regulations in foreign exchange transactions between Rupiah and of Credit (SKBDN), Bank Guarantee/Standby Letter of Credit (SBLC)/
Yuan. Demand Guarantee, conducting Document Negotiation/Discounting
under LC/SKBDN and Documentary Collection, as well as obtaining
The implementation of this cooperation is part of Bank Indonesia's financing in the form of Trust Receipt Financing, Invoice Financing,
ongoing efforts to encourage wider use of local currencies in the Pre-shipment Financing, Post-Shipment Financing and Supply
settlement of trade transactions and direct investment with various Chain Financing.
partner countries. The expansion of the use of LCS is expected to
support the stability of the Rupiah through its impact on reducing In carrying out international transactions, CCB Indonesia collaborates
dependence on certain currencies in the domestic foreign exchange with CCB branches in other countries, as well as with correspondent
market. The use of LCS provides many direct benefits to business banks both domestically and internationally to increase the scope
actors, including: (i) more efficient conversion costs of transactions and quality of services to customers.
in foreign currencies, (ii) availability of alternative trade financing
and direct investment in local currency, (iii) availability of alternative International Banking
hedging instruments in local currency, and (iv) diversification of
currency exposure used in the settlement of foreign transactions. In facing competitive business challenges, international scale
professional services has been prepared in capturing opportunities
Taking into account CCB Indonesia's activeness in the Money Market to serve transnational company business activities. (Transnational
and Foreign Exchange Market (PUVA) initiative, in 2023 Bank Company/TNC).
Indonesia (BI) appointed CCB Indonesia as one of initiator banks
as management of the Money Market and Foreign Exchange Market International banking services is provided to assist customers in
Association Indonesia (APUVINDO), namely a self-regulatory carrying out various banking transactions. Various services at
association formed by transaction performers in PUVA Indonesia competitive costs and exchange rates, as well as the latest processing
in the form of banks and consisting of institutions and associations systems have been available to serve the customers.
that carry out or are related to activities in PUVA Indonesia.
Trade Operation as an implementer of international banking services
The purpose of establishing this association is to realize sustainable strives to provide excellent and up-to-date services for international
and industry-led development of PUVA Indonesia in the product and domestic trade transaction settlement services, bank guarantee
pricing participant and infrastructure aspects in line with the provision and distribution services, foreign exchange fund transfer
direction of PUVA development. services, as well as playing an important role in helping the
implementation of international financing programs, transaction
Financial Institution/ FI financing trading, and implementation of RMB Local Currency
Settlement (LCS).
Bank also actively plays a role in providing credit line and cooperation
with financial institutions, banks and non-banks such as asset Bank continues to improve the structure of international trading
management, insurance institutions and pension funds. Determining services so as to provide services in accordance with customers’
transaction limit for FI facilities has also been using counterparty expectations and needs.
scoring method, so Bank’s risk exposure remains prudent.
Page 50
50 Opening Business and Functional Review Financial Review
Human Capital
Education, Training, and CCB Indonesia, as an institution engaged in financial
Development for Human Capital 51 services, places human resources as the company's
• Total Employees by Employees’
capital. Human capital management as a strategic
Status partner aims to encourage business growth and support
• Employees’ Composition by CCB Indonesia's efforts to provide the best for all
Education Level
• Employees’ Composition by Years stakeholders
of Service
• Employees’ Composition by Age In 2023, the Bank's human resource management is focused on enhancing employee
• Employees’ Composition by competencies, increasing employee awareness of personal data protection, increasing
Position employee understanding of cyber security, and updating personnel policies. Changes to
• Employees’ Composition by the organizational structure were also carried out to improve the effectiveness of the
Gender Company's operational performance. Filling vacant positions was prioritized through
• Employee Turnover internal promotions to strengthen risk mitigation management and improve operational
support for business development. Workforce quality improvement is carried out through
training, both online and offline methods.
Improving employee competencies is not only conducted to improve hard skills, but also
soft skills. Among the soft skills enhancement, there were leadership training for all
employees at the middle management level, improvement of cooperation in groups
Page 51
Corporate Governance Corporate Information Financial Statement Annual Report 51
Human Capital
through team building for employees, and also improvement of conducted with 6,602 participants. Training programs in 2023 were
other skills such as time management. The Bank has also increased conducted online and offline, adapted to the needs at the time of
understanding of knowledge that can also support employee activity implementation. Online training can involve more employees
performance in general. In line with the issuance of government from various locations, however face-to-face training can increase
policies related to the protection of personal data and also handling interaction between trainers and trainees.
cyber security, the Bank successfully implemented ISO 27001 in
2023. Related to the implementation of ISO 27001, the training has The Bank has consistently conducted training programs and
been conducted for employees to increase awareness of personal increased employee competence, both carried out inside and
data protection and cybersecurity. This is also supported by the outside of the bank. The number of participants in education and
updating of several Human Capital policies to support personal training programs during 2023 and 2022 are as follows:
data protection and cyber security.
Total Participants
The implementation of training and skills enhancement in 2023 Types of Education and Training
2023 2022
increased compared to previous years. Workforce quality enhancement • Internal Education 8,290 6,248
activities were also accompanied by the enhancement of employee • External Training 277 354
performance management systems, among others by developing Total 8,567 6,602
a system to improve the objectivity of performance appraisals.
Training related to the enhancement of specific competencies
related to the Bank's activities remains a large part of the training Education and training programs held throughout 2023 with
program, including risk management competency certification, materials covering technical skills and soft skills including: Risk
competency-based training on Payment System and Rupiah Money Management Certification, Payment Systems and Rupiah Money
Management (SPPUR), Treasury competency training, as well as Management (SPPUR), credit analysis, Bank Operations / Standard
other training. In addition, training was also provided to improve Operating Procedures (SOP), Customer Service Complaints, AML
employee skills in loan management, introduction to Bank products CFT Training, Sustainable Finance, Compliance field, Induction
and Sustainability Finance. Human resource development is Program, Training related to system development, Product
conducted through systematic and continuous education and Knowledge, Training related to Cyber Security, Personal data
training programs, which training materials are adapted to the Protection, Cyber Crime, Digital Banking, IT hardware, work
needs of the Bank in line with the development of national and safety, as well as various other Seminars and Workshops.
global conditions.
The number of Bank employees as of December 2023 (excluding
In supporting the improvement of human capital quality, development outsourcing employees) was 1,183 persons. The Bank outsources
in 2023 was directed at: some of the work of non-staff, such as couriers, drivers, security
• Maintenance of competency certificates and competency- and cleaning to outsourcing service providers. As of December 31,
based training that is mandatory for Bank employees 2023, the number of outsourced employees was 295 persons,
• Education to increase risk and compliance awareness bringing the total number of employees (including outsourced
• Education to improve understanding of personal data protection employees) to 1,478 persons.
and cybersecurity
• Enforcement of systematic and continuous education and Total Employees by Employees’ Status
training programs.
• Cadre formation process for first line management positions, 31 Dec 2023 31 Dec 2022
including the promotion of employees to fill strategic positions. Employees’ Status
Total % Total %
• Ensure code of conduct implementation and increase compliance Permanent Employees 1,137 96% 1,154 96%
with applicable provisions and laws in the field of labour
Probation Employees 37 3% 41 3%
Contract Employees 9 1% 8 1%
Education, Training, and Development for
Number of employees 1,183 100% 1,203 100%
Human Capital Outsourcing 295 - 321 -
Employee training and enhancement programs became a special Employees
concern in 2023, and are still being improved according to the Number of employees 1,478 - 1,524 -
needs to support the Bank's business development. During 2023, (including
outsourcing
the Bank conducted 310 training programs with a total of 8,567
employees)
participants. Compared to 2022, 179 training programs were
Page 52
52 Opening Business and Functional Review Financial Review
Human Capital
Employees’ Composition by Education Level Employees’ Composition by Position
(Excluding outsourcing employees) (Excluding outsourcing employees)
Dec 31, 23 Dec 31, 22 Dec 31, 23 Dec 31, 22
Education Level Position
Total % Total % Total % Total %
< Senior High School 249 21% 279 23% Directors 6 1% 6 0%
Academy 126 11% 141 12% Division Head/Regional Head 39 1% 38 3%
Bachelor 766 65% 742 62%
Branch Manager 67 9% 70 6%
Postgraduate 42 4% 41 3%
Department Head 151 14% 155 13%
Total 1,183 100% 1,203 100%
Officer 64 5% 71 6%
Staff 765 68% 758 63%
Employees’ Composition by Years of Service
(Excluding outsourcing employees) Non-Staff 91 1% 105 9%
Dec 31, 23 Dec 31, 22 Total 1,183 100% 1,203 100%
Years of Service
Total % Total %
0-3 years 296 25% 314 26% Employees’ Composition by Gender
3-5 years 128 11% 155 13%
(Excluding outsourcing employees)
5-10 years 375 32% 362 30% Dec 31, 23 Dec 31, 22
Gender
10-20 years 257 22% 232 19% Total % Total %
> 20 years 127 11% 140 12% Male 582 49% 594 49%
Total 1,183 100% 1,203 100% Female 601 51% 609 51%
Total 1,183 100% 1,203 100%
Employees’ Composition by Age
(Excluding outsourcing employees) Employee Turnover
Dec 31, 23 Dec 31, 22 (Excluding outsourcing employees)
Age
Total % Total % Employee Turnover Dec 31, 23 Dec 31, 22
< 25 years old 48 4% 49 4% New Employees Recruitment 140 162
25-34 years old 450 38% 474 39%
35-44 years old 374 32% 365 30% Resigned employees 160 180
> 45 years old 311 26% 315 26%
Total 1,183 100% 1,203 100% Total year-end employees 1,183 1,203
Page 53
Corporate Governance Corporate Information Financial Statement Annual Report 53
Information Technology
Development of Information Technology Systems of CCB Indonesia is performed in
a sustainable manner, especially to provide convenience for customers in transactions.
Information Technology (IT) as the driving force of business needs To realize short-term targets in Information Technology, IT
to be flexible and reliable which is able to follow the dynamics of development is also supported by appropriate technology tools
CCB Indonesia development. IT is also an important element in to achieve targets with a proper security system. All technological
supporting the bank's operations. activities are carried out in a centralized and integrated manner.
In the era of digitalization, cyber security has becoming the top The IT systems development policy is consistently continued in
priority, so CCB Indonesia has implemented ISO 27001 regarding the future that directs CCB Indonesia to have image transformation
Information Security Management Systems and obtained the into a modern bank, by providing convenience to customers in
certification. banking transactions, using the technology and sophistication of
internet by applying and improving the service of electronic delivery
Consistently, CCB Indonesia is always working to improve the quality channels.
of products and services, with the support of IT as a very important
instrument in realizing such efforts. This is reflected in the successful To develop a forward-looking information technology in order to
implementation of QRIS in 2023 in order to provide better services support process and service which are effective, rapid, accessible
to customers. and convenient, will be continued consistently.
The best use of information technology is a key factor for the efficiency The development of the Information Technology System for CCB
required in the processing of transactions, improving accuracy and Indonesia is carried out continuously in line with the development
providing satisfactory services to various banking needs of the of the company, which is expected to provide optimal support for
customers. The synergy that is developed in the entire elements have CCB Indonesia operations and also provide convenience for customers
led to the sustainable growth of CCB Indonesia. in making transactions both at Bank counters and online.
Page 54
54 Opening Business and Functional Review Financial Review
Risk Management
Risk Management Structure 55 The implementation of risk management includes
Implementation of Risk Management 56 identification, measurement, monitoring and control of
Risk Management Policy 56
various types of risk in each line of business and its
Risk Management Strategy 56
supporting functions. CCB Indonesia always implements
Key Metrics Report 57
effective and comprehensive risk management in
Capital Disclosure 59
Credit Risk Management 72
accordance with the level of risk faced
Credit Collection and Recovery 72 Risk management is a structured approach to managing uncertainty related to the threat
Credit Concentration Risk of loss as a result of a series of activities or business activities being carried out. In risk
Management Policy 73 management, it requires management that has sufficient expertise and competence, so
Credit Risk Exposure 73 that all kinds of potential risks can be anticipated from the start by preparing the necessary
mitigation measures.
Market Risk Management 97
Interest Rate Risk in Banking Book CCB Indonesia always implements effective and comprehensive risk management according
- Report on the Implementation of to the level of risk faced. The application of risk management is an important aspect in
Risk Management for IRRBB 98
managing various risks faced by the Bank.
Interest Rate Risk in Banking Book -
IRRBB Calculation Report 99 The implementation of risk management includes identification, measurement, monitoring
Liquidity Risk (LIQA) 99 and control of various types of risk in each line of business and its supporting functions.
Bank Risk Management Approach Therefore, in applying risk management, the Bank is very concerned about the efforts to
(OVA) 100 raise risk awareness and risk culture well and thoroughly in daily banking operational
activities.
Operational Risk 112
Legal Risk 113
Reputation Risk 113
Strategic Risk 113
Compliance Risk 114
Risk Profile 114
Page 55
Corporate Governance Corporate Information Financial Statement Annual Report 55
Risk Management
The Bank's risk management policies follow and refer to the Financial a supervisory board to monitor the implementation of risk
Services Authority Regulations (POJK) and Bank Indonesia Regulations management strategies and policies.
(PBI) as minimum provisions to guarantee the best governance.
The Bank improves and perfects every policy, guidelines and Risk Management Committee is a committee at Board of
standard operating procedures that shape the effectiveness of the Directors level and executive officers who are responsible for
risk management strategy, in line with the development of the overall risk management in all business lines and operational
Bank's business complexity. banks. This committee also functions to oversee the
implementation of strategies, policies and evaluate significant
Risk management aims to protect the Bank from possible losses risk issues. Board of Directors has the authority to manage risk,
arising from various activities, maintain the Bank's capital, support provide risk limits in making decisions which are the Bank's
the decision-making process, to optimise the risk profile, to increase risk appetite.
the value of the Company, and to keep the Bank's reputation based
on risk appetite by considering the capital capacity owned. Therefore, In addition, the Bank has other directors' committees in
the Bank maintains a balance between risk and benefits in order implementing risk management, namely the Credit Committee,
to produce sustainable value growth for shareholders. Credit Policy Committee, Assets and Liabilities Committee
(ALCO), and Information Technology Steering Committee. Each
The Bank identifies risks for each risk factor that can be quantified committee performs its duties based on the mandate that has
and measured according to objective and consistent criteria. The been set. These committees meet regularly to assess and
implementation of sound and comprehensive risk management discuss risk issues faced by the Bank in carrying out its operational
in identifying, measuring, controlling, monitoring and reporting activities.
risks is carried out on 8 types of risks determined by Bank Indonesia
and the Financial Services Authority (OJK), namely Credit Risk, Daily risk management activities are carried out by the Risk
Market Risk, Liquidity Risk, Operational Risk, Legal Risk, Compliance Management Division, which is independent from the operational
Risk, Strategic Risk and Reputation Risk. business units, which regularly monitors and reviews each risk and
potential loss to the Bank. Specifically, the functions and duties of
The entire risk management process is carried out based on the the Risk Management Division are as follows:
application of the principles of good corporate governance. In - Monitoring and reviewing the implementation of risk
implementing risk management, the Bank has a corporate governance management policies, methodologies, process, information
structure which functions to improve the four eyes principle and systems and strategies of the Bank on a regular basis.
transparency in the risk management process. The Risk Management - Related to Operational Risk, implementing various operational
function is established as a controller to direct the Bank’s capability, risk management tools including data collection on operational
and in terms of risk measurement and risk control supported by losses, Risk & Control Self Assessments, and Key Risk Indicators,
other functions, such as Internal Audit, Legal, Compliance, and others. Stress Test etc.
- Related to Credit Risk, monitoring and reviewing credit risk
In implementing risk management, the Bank refers to banking exposure, reviewing credit policies, credit concentration limits,
regulations in accordance with Financial Services Authority Regulation industrial market targets and sectoral zones, conducting stress
(OJK) Number 18/POJK/03/2016 and OJK Circular Letter Number tests, reviewing credit risk portfolio reports, setting and
34/SEOJK/03/2016 regarding "Application of Risk Management for developing methodologies for calculating impairment losses
Commercial Banks". In addition, the Bank also refers to internal credits based on applicable Financial Accounting Standards
regulations, namely risk management policies, international best Guideline/FASG, etc.
practices, as well as the Basel Committee recommendations. - Related to Market and Liquidity Risks, monitoring and reviewing
market and liquidity risk exposures arising from business units;
Risk Management Structure stress testing of market and liquidity risks, etc.
- Related to other risks, namely legal risk, compliance risk, strategic
Risk Management structure consists of Risk Monitoring Committee, risk and reputation risk; monitoring and reviewing the risk
Risk Management Committee and Risk Management Division. The exposure of each business and operational unit, etc.
risk management organization involves active supervision of the - Supporting the approval process of new products & activities
Board of Commissioners and Directors, including business lines at of the Bank by reviewing the related risks and required risk
various levels of responsibility. mitigation.
- Providing the Board of Commissioners, Directors and Risk
Risk Monitoring Committee is the highest management authority Management Committee with an independent and periodic
at the Board of Commissioners level. This committee functions as assessment of the risk profile, Risk Based Bank Rating (RBBR),
Page 56
56 Opening Business and Functional Review Financial Review
Risk Management
capital adequacy assessment report through the Internal Capital Risk Management Policy
Adequacy Assessment Process (ICAAP), where the Bank's capital
adequacy level is measured by considering risks other than Risk Management policy aims to be able to measure the amount
Pillar 1 risks (credit, market and operational), as well as providing of tolerance limit or risk appetite which can be taken by banks in
recommendations to risk taking units or risk management managing profitability, which reflects the amount of capital
committees in accordance with the scope of the Risk Management managed to face risks including business development. CCB
Division. Indonesia's risk management policy also includes efforts to foster
- Responsible for reporting related to Financial Services Authority a risk awareness culture at all levels, namely the awareness that
(OJK) regulations for Risk Management. risk management is essentially the responsibility of all levels of
the bank.
Implementation of Risk Management
Risk Management Strategy
The implementation of risk management at CCB Indonesia involves
the main elements that support the risk management governance Risk Management strategy is made by considering the Bank's
structure. The implementation of good and comprehensive risk business plan in a comprehensive manner to be conveyed to all
management is expected to improve business performance with levels of the Bank so that all levels can understand and implement
controlled risk by prioritizing prudential principles and sound banking it properly. The Bank implements the following risk management
practices. The application of risk management is part of strengthening strategy as follows:
the stability and resilience of banking business activities by: • Having committees that actively monitor risk management;
a. Active supervision by Board of Commissioners and Board of • Formulation of risk management policies based on banking
Directors; regulations concerning the Implementation of Risk
b. Adequacy of policies, procedures and limit setting; Management for Commercial Banks and taking into account
c. Risk management process and risk management system; and the recommendations from Basel and best practices in the
d. Risk management internal control system. market;
• Ensure the application of the precautionary principle and the
Board of Commissioners and Board of Directors hold a key role in four eyes principle in decision making;
ensuring the success of risk management through their active • Establishment of risk limits;
supervision. Board of Commissioners may delegate the risk monitoring • Implementing a risk awareness culture in all Bank employees.
function to the Risk Monitoring Committee. However, Board of • Develop a methodology for calculating risk exposure;
Commissioners remains as the final responsible party. • Monitor the quality of risk implementation on a regular basis;
• Develop an information system and risk reporting;
Board of Directors has a role in determining comprehensive risk • Perform stress testing to anticipate potential risks in the
management policies direction and strategies as well as the future;
implementation. As the party responsible for carrying out operational • Ensure the effectiveness and enhance the competence of
activities, including monitoring the implementation of risk management, human resources in the application of risk management.
Board of Directors established Risk Management Committee to assist
them in carrying out their functions and responsibilities.
Page 57
Corporate Governance Corporate Information Financial Statement Annual Report 57
Risk Management
Key Metrics Report
No. Description Dec 2023 Dec 2022
Available Capital (value)
1 Common Equity Tier 1 (CET1) 6,014,355 5,729,759
2 Capital Tier 1 6,014,355 5,729,759
3 Total Capital 6,209,630 5,992,483
Risk Weighted Asset (Value)
4 Total Risk Weighted Asset (RWA) 16,581,331 18,310,609
Risk Based Capital Ratio in the form of percentage of RWA
5 CET1 Ratio (%) 36.27 31.29
6 Tier 1 Ratio (%) 36.27 31.29
7 Total Capital Ratio (%) 37.45 32.73
Additonal CET1 that functions as a buffer in the form of percentage of RWA
8 Capital conservation buffer (2.5% of RWA) (%) 2.50 -
9 Countercyclical Buffer (0 - 2.5% of RWA) (%) - -
10 Capital Surcharge for Sistemic Bank(1% - 2.5%) (%) - -
11 Total CET1 as buffer (Line 8 + Line 9 + Line 10) - -
12 CET 1 Component for buffer - -
Leverage ratio in accordance with Basel III
13 Total Exposure 34,265,494 30,784,124
14 Total Exposure - -
Leverage Ratio Value, including the impact of the adjustment towards temporary exemptions on current
account placements in Bank Indonesia in order to meet Statutory Reserve provisions (if any)
a. Leverage ratio values in accordance with Basel III with the Expected Credit Loss Model in accordance N/A N/A
with PSAK 71 in full. (%) (line 2a / line13)
b. Leverage Ratio Value, excluding the impact of the adjustment towards temporzary exemptions on current - -
account placements in Bank Indonesia in order to meet Statutory Reserve provisions (if any)
c. Leverage Ratio Value, including impact from the adjustment towards temporary exemptions on current 17.71 18.71
account placements in Bank Indonesia in order to meet Statutory Reserve provisions (if any), which has inputed
the average value of the listed value of the Securities Financing Transaction (SFT) assets on a gross basis
d. Leverage Ratio Value, excluding the impact of the adjustment towards temporary exemptions in current 16.08 15.67
account placements in Bank Indonesia in order to meet Statutory Reserve provisions (if any), which has inputed
the average value of the listed value of the Securities Financing Transaction (SFT) assets on a gross basis
Liquidity Coverage Ratio (LCR)
15 Total High Quality Liquid Assets (HQLA) 7,712,763 7,550,961
16 Total Net Cash Outflow 3,198,895 2,901,323
17 LCR (%) 241.11 260.26
Net Stable Funding Ratio (NSFR)
18 Total Available Stable Funding (ASF) 19,858,964 18,494,381
19 Total Required Stable Funding (RSF) 16,582,105 13,944,676
20 NSFR (%) 119.76 132.63
Qualitative Analysis
Page 58
58 Opening Business and Functional Review Financial Review
Risk Management
LI1: Difference between Consolidated Coverage according to accounting standards and prudential requirements
(in million IDR)
a b c d e f g
The carrying amount of each risk
Carrying value Does not refer
Carrying value According to
Period 31 December 2023 as stated in the According to to capital
based on the According to the According to
publication of the requirements
precautionary the credit risk counterparty market risk
financial securitization or based on
principle framework credit risk framework
statements framework capital
framework
reduction
Indonesia
Assets
Cash 212,839 212,839 - - - - -
Placement with Bank Indonesia 1,552,681 1,552,681 - - - - -
Placement with another bank 184,142 184,142 77,355 - - - -
Spot and derivatives/forward bills 12,832 12,832 - - - - -
Securities held 4,412,259 4,412,259 - - - - -
Securities that are sold with a 94,360 94,360 - - - - -
promise to repurchase (repo)
Receivables on securities 1,055,336 1,055,336 - - - - -
purchased with an agreement
to resell (reverse repo)
Acceptance bill - - - - - - -
Credit given 19,359,978 19,359,978 12,830,521 - - - -
Equity capital - - - - - - -
Other financial assets 112,357 112,357 - - - - -
Reserve for losses for decrease (513,840) (513,840) - - - - -
in the value of financial assets
Intangible assets - Net 213,224 213,224 - - - - -
Fixed assets and inventory - Net 798,577 798,577 798,577 - - - -
Non-productive assets 215,914 215,914 162,459 - - - -
Other Assets - Net 141,287 141,287 16,699 - - - -
Total Assets 27,851,946 27,851,946 13,885,611 - - - -
Liabilities
Current Account 3,126,957 3,126,957 - - - - -
Saving Account 1,087,415 1,087,415 - - - - -
Time Deposit 15,772,440 15,772,440 - - - - -
Liabilities to Bank Indonesia - - - - - - -
Liabilities to other banks 324,650 324,650 - - - - -
Spot and derivatives/forward 2,023 2,023 - - - - -
liabilities
Liabilities for securities that are 94,085 94,085 - - - - -
sold under an agreement to
repurchase (repo)
Acceptance liabilities - - - - - - -
Securities that are issued 461,910 461,910 - - - - -
Loans/financing received - - - - - - -
Security deposit 9,382 9,382 - - - - -
Other liabilities 432,527 432,527 - - - - -
Total liabilities 21,311,389 21,311,389 - - - - -
Qualitative Analysis
Page 59
Corporate Governance Corporate Information Financial Statement Annual Report 59
Risk Management
LI2: Source of the main difference between exposure in accordance with prudential regulations and carrying values in
accordance with financial accounting standards
(in million IDR)
a b c d e
Suitable items:
Period 31 December 2023
Total Counterparty
Credit risk Framework Market risk
credit risk
framework securitization framework
framework
The carrying amount of the asset in accordance 27,851,946 13,885,611 - - -
with the consolidation scope of prudential
provisions (as reported in template LI1)
The carrying amount of the liability in accordance 21,311,389 - - - -
with the scope of the consolidated prudential
provisions (as reported on template LI1)
The total net value in accordance with the - - - - -
consolidated scope of prudential provisions
Administrative account value - - - - -
Valuation difference - - - - -
Difference between netting rules, besides of - - - - -
included on line 2
Provision difference - - - - -
Difference of prudential filters - - - - -
…. - - - - -
Considered exposure value, in accordance with - - - - -
the consolidation scope of prudential provisions
Qualitative Analysis
LIA: Explanation of the Differences between Exposure Values in accordance with Financial Accounting Standards and
OJK Provisions
There is no difference between the carrying value according to financial accounting standards, as reported in the financial statements and the
exposure value according to prudential regulations
Capital Disclosure
a) Capital Structure
Risk management through capital carried out by the Bank includes diversification of capital sources to comply with applicable capital
requirements, maintaining a healthy capital ratio, supporting long-term strategic business plans and maximizing value for shareholders.
The Bank must ensure capital adequacy to cover various types of risks based on regulatory requirements, as well as internal requirements
according to changes in economic conditions and the characteristics of activities.
The Bank has complied with the capital requirements set forth throughout the reporting period with an emphasis on core capital to
support its business and activities. CCB Indonesia's core capital as of December 31, 2023 is IDR6.01 trillion. In managing capital, the
Bank refers to the applicable regulatory provisions in calculating capital adequacy to cover risks.
b) Capital adequacy
The Bank's Capital Adequacy Ratio (CAR) taking into account credit, market and operational risks in 2023 is 37.45%, increasing by
4.72% compared to 2022 which was 32.73%.
Page 60
60 Opening Business and Functional Review Financial Review
Risk Management
Quantitative Disclosure of Bank Capital Structure
Standard Format for Disclosure of Capital Calculations in Accordance with the Basel III Framework
CC1: Capital Composition
Period : 31 December 2023
Amount Ref. No. that derive from
No. Component
(in million IDR) Consolidated Balance Sheet
CET 1: Instrument and Additional Paid-In Capita
1 Common share (related stock surplus) 5,059,351 1
2 Retained earnings 1,120,687 2
3 Accumulated other comprehensive income (and other reserves) 355,519 3
4 Directly issued capital subject to phase out from CET1 N/A N/A
5 Non-controlling interest that can be taken into account - 4
6 CET 1 before regulatory adjustments
CET 1: Regulatory Adjustment
7 Differences in the fair value financial instruments adjustments in the - -
trading book
8 Goodwill 190,075 5
9 Other intangibles other than mortgage-servicing rights (net of related 23,150 6
tax liability)
10 Deferred tax assets that rely on future profitability N/A N/A
11 Cash-flow hedge reserve N/A N/A
12 Shortfall on provisions to expected losses N/A N/A
13 Securitisation gain on sale N/A N/A
14 Gains and losses due to changes in own credit risk on fair valued liabilities N/A N/A
15 Defined-benefit pension fund net assets N/A N/A
16 Investments in own shares (if not already netted off paid-in capital on N/A N/A
reported balance sheet)
17 Cross-holdings in CET 1 instruments in other entities N/A N/A
18 Investments in the capital of Banking, financial and insurance entities N/A N/A
that are outside the scope of regulatory consolidation, net of eligible
short positions, where the Bank does not own more than 10% of the
issued share capital (amount above 10% threshold)
19 Significant investments in the common stock of Banking, financial and N/A N/A
insurance entities that are outside the scope of regulatory consolidation,
net of eligible short positions (amount above 10% threshold)
20 Mortgage servicing rights N/A N/A
21 Deferred tax assets arising from temporary differences (amount above N/A N/A
10% threshold, net of related tax liability)
22 Amount exceeding the 15% threshold: N/A N/A
23 Significant investments in the common stock of financials N/A N/A
24 Mortgage Servicing Rights N/A N/A
25 Deferred tax assets arising from temporary differences N/A N/A
26 National specific regulatory adjustments
a. Difference between PPKA and CKPN - N/A
b. PPKA non productive 188,387 N/A
c. Deferred tax assets 124,588 7
d. Investments - -
e. Shortfall in capital of affiliates engaged in insurance N/A N/A
f. Securitization exposure N/A N/A
g. Others N/A N/A
Page 61
Corporate Governance Corporate Information Financial Statement Annual Report 61
Risk Management
Quantitative Disclosure of Bank Capital Structure
Standard Format for Disclosure of Capital Calculations in Accordance with the Basel III Framework
CC1: Capital Composition
Period : 31 December 2023
Amount Ref. No. that derive from
No. Component
(in million IDR) Consolidated Balance Sheet
27 Regulatory adjustments applied to CET 1 due to insufficient N/A N/A
Additional Tier 1 and Tier 2 to cover deductions
28 Total regulatory adjustments to Common equity Tier 1 - -
29 Common Equity Tier 1 capital (CET1) - -
Additional Tier 1 capital: instruments
30 Directly issued qualifying Additional Tier 1 instruments plus related stock surplus N/A N/A
31 Of which: classified as equity under applicable accounting standards N/A N/A
32 Of which: classified as liabilities under applicable accounting standards N/A N/A
33 Directly issued capital instruments subject to phase out from Additional Tier 1 N/A N/A
34 AT 1 instruments issued by a subsidiaries are recognized in the KPMM N/A N/A
calculation on a consolidated basis
35 Instruments issued by subsidiaries subject to phase out N/A N/A
36 Total AT 1 before regulatory adjustment - -
Additional Tier 1 capital before regulatory adjustments
37 Investments in own Additional Tier 1 instruments N/A N/A
38 Reciprocal cross-holdings in Additional Tier 1 instruments N/A N/A
39 Investments in the capital of Banking, financial and insurance entities that N/A N/A
are outside the scope of regulatory consolidation, net of eligible short
positions, where the Bank does not own more than 10% of the issued
common share capital of the entity (amount above 10% threshold)
40 Significant investments in the capital of Banking, financial and N/A N/A
insurance entities that are outside the scope of regulatory
consolidation (net of eligible short positions)
41 National specific regulatory adjustments N/A N/A
a. Placement of funds on AT1 instruments at other banks N/A N/A
42 Regulatory adjustments applied to Additional Tier 1 due to N/A N/A
insufficient Tier 2 to cover deductions
43 Total regulatory adjustments to Additional Tier 1 capital - -
44 Additional Tier 1 capital (AT1) after regulatory ajustment - -
45 Tier 1 capital (Tier 1) (CET 1 + AT 1) - -
Supplementary Capital (Tier 2): Instruments and reserves
46 Tier 2 instruments issued by the Bank (including stock surplus) / 15,397 8
Directly issued qualifying Tier 2 instruments plus related stock surplus
47 Directly issued capital instruments subject to phase out from Tier 2 N/A N/A
48 Tier 2 instruments issued by subsidiaries and inclusive in the N/A N/A
calculation of CAR on consolidated basis
49 Instruments issued by subsidiaries subject to phase out N/A N/A
50 General PPA reserves for earning assets that must be calculated up to 179,878 N/A
1.25% of RWA for Credit Risk
51 Tier 2 capital before regulatory adjustments - -
Supplementary Capital (Tier 2): Deduction Factor (Regulatory Adjustment)
52 Investments in own Tier 2 instruments N/A N/A
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities N/A N/A
Page 62
62 Opening Business and Functional Review Financial Review
Risk Management
Quantitative Disclosure of Bank Capital Structure
Standard Format for Disclosure of Capital Calculations in Accordance with the Basel III Framework
CC1: Capital Composition
Period : 31 December 2023
Amount Ref. No. that derive from
No. Component
(in million IDR) Consolidated Balance Sheet
54 Investments in other TLAC liabilities of banking, financial, and insurance N/A N/A
entities that are outside the scope of regulatory consolidation and, for
which the Bank does not own more than 10% of the issued entity’s
ordinary shares: amounts previously designated to the 5% limit but
which are no longer eligible (only for G-SIBs).
Investments in the other TLAC liabilities of banking, financial and insurance
entities that are outside the scope of regulatory consolidation and where
the bank does not own more than 10% of the issued common share
capital of the entity: amount previously designated for the 5% threshold
but that no longer meets the conditions (for G-SIBs only)
55 Significant investments in the capital and other TLAC liabilities of N/A N/A
banking, financial and insurance entities that are outside the scope of
regulatory consolidation (net of eligible short positions)
56 National specific regulatory adjustments N/A N/A
a. Sinking fund N/A N/A
b. Placement of funds in Tier 2 instruments in other banks N/A N/A
57 Total regulatory adjustments to Tier 2 capital N/A N/A
58 Total Tier 2 capital (T2) after regulatory adjustment N/A N/A
59 Total Capital (Core Capital + Supplementary Capital) 6,209,630 -
60 Total risk weighted assets (RWA) 16,581,331 -
Minimum Capital Adequacy Ratio (CAR) and Additional Capital (Capital Buffer)
61 Main Core Capital Ratio CET 1 (percentage of RWA) 36.27 -
62 Tier 1 Core Capital Ratio (percentage of RWA) 36.27 -
63 Total Capital Ratio (percentage of RWA) 37.45 -
64 Buffer (percentage of RWA) - -
65 Capital Conservation Buffer 2.50 -
66 Countercyclical Buffer - -
67 Higher Loss Absorbency Requirement - -
68 For conventional commercial banks: CET 1 available to meet Buffer 28.45 -
(percentage of RWA)
For branch offices of Banks domiciled abroad: The share of Business
Funds placed in CEMA (expressed as a percentage of RWA) available
to meet Buffers.
National minima (if different from Basel 3)
69 National CET 1 lowest ratio (if different from Basel 3) N/A N/A
70 National Tier 1 lowest ratio (if different from Basel 3) N/A N/A
71 The lowest ratio of total national capital (if different from Basel 3) N/A N/A
Amount under deduction limit (before risk weighting)
72 Non-significant investments in TLAC's capital or other obligations in N/A N/A
other financial entities
73 Significant investment in ordinary shares of financial entities N/A N/A
74 Mortgage servicing rights (net of tax liabilities) N/A N/A
75 Deferred tax assets arising from temporary differences (net of tax N/A N/A
liabilities)
Page 63
Corporate Governance Corporate Information Financial Statement Annual Report 63
Risk Management
Quantitative Disclosure of Bank Capital Structure
Standard Format for Disclosure of Capital Calculations in Accordance with the Basel III Framework
CC1: Capital Composition
Period : 31 December 2023
Amount Ref. No. that derive from
No. Component
(in million IDR) Consolidated Balance Sheet
Cap imposed for provision at Tier 2
76 Provisions that can be recognized as Tier 2 in accordance with N/A N/A
exposure based on the standard approach (before being stamped)
77 Cap of provisions recognized as Tier 2 under a standardized approach N/A N/A
78 Provisions that can be recognized as Tier 2 according to exposure N/A N/A
based on the IRB approach (before being stamped)
79 Cap of provision recognized as Tier 2 under IRB approach N/A N/A
Capital Instruments that include phase out (only valid between Jan 1, 2018 to Jan 1, 2022)
80 Cap on CET 1 which includes phase out N/A N/A
81 Amount excluded from CET 1 due to cap (excess over cap after N/A N/A
redemptions and maturities)
82 Cap on AT 1 which includes phase out N/A N/A
83 Amount excluded from AT 1 due to cap (excess over cap after N/A N/A
redemptions and maturities)
84 Cap on Tier 2 which includes phase out N/A N/A
85 Amount excluded from Tier 2 due to cap (excess over cap after N/A N/A
redemptions and maturities)
Qualitative Analysis
Page 64
64 Opening Business and Functional Review Financial Review
Risk Management
CC2: Capital Reconciliation
Period : 31 December 2023
Published Balance Sheet
Publication Balance
Description with prudential coverage Reference
(in million IDR)
(in million IDR)
ASSETS
1. Cash 212,839 212,839 -
2. Placement at Bank Indonesia 1,552,681 1,552,681 -
3. Placements at other banks 184,142 184,142 -
4. Spot and derivatives / forward bills 12,832 12,832 -
5. Securities owned 4,412,259 4,412,259 -
6. Securities that are sold with a promise to repurchase (repo) 94,360 94,360 -
7. Receivables on securities purchased with an agreement 1,055,336 1,055,336 -
to resell (reverse repo)
8. Acceptance bill - - -
9. Provided loans 19,359,978 19,359,978 -
10. Sharia financing *) - - -
11. Capital investment - - -
12. Other financial assets 112,357 112,357 -
13. Reserve for losses for decrease in the value of financial (513,840) (513,840) -
assets -/-
a. Securities held (152) (152) -
b. Credit provided and sharia financing *) (513,561) (513,561) -
c. Other (127) (127) -
14. Assets are intangible 255,279 255,279 -
GoodWill 190,075 5
Other intangible assets 65,204 6
Accumulated amortization of intangible assets -/- (42,055) (42,055) 6
15. Fixed assets and inventory 1,196,648 1,196,648 -
Accumulated depreciation of fixed assets and inventory -/- (398,071) (398,071) -
16. Non-productive assets 215,914 215,914 -
a. Abandoned property 107,608 107,608 -
b. Collateral that is foreclosed 108,306 108,306 -
c. Account onhold - - -
d. Interoffice assets**) - - -
17. Deferred TaxAssets - 124,588 7
18. Other Assets 141,287 16,699 -
TOTAL ASSETS 27,851,946 27,851,946 -
LIABILITY AND EQUITY
LIABILITIES
1. Current Accounts 3,126,957 3,126,957
2. Savings 1,087,415 1,087,415
3. Deposits 15,772,440 15,772,440
4. Electronic Money - -
5. Liabilities to Bank Indonesia - -
6. Liabilities to other banks 324,650 324,650
7. Spot and derivatives / forward liabilities 2,023 2,023
Page 65
Corporate Governance Corporate Information Financial Statement Annual Report 65
Risk Management
CC2: Capital Reconciliation
Period : 31 December 2023
Published Balance Sheet
Publication Balance
Description with prudential coverage Reference
(in million IDR)
(in million IDR)
8. Liabilities for securities that are sold under an agreement 94,085 94,085 -
to repurchase (repo)
9. Acceptance liability - - -
10. Securities issued 461,910 461,910 8
11. Loans/financing received - - -
12. Security deposit 9,382 9,382 -
13. Interoffice liabilities**) - - -
14. Other liabilities 432,527 432,527 -
15. Minority interests - - -
TOTAL LIABILITIES 21,311,389 21,311,389 -
EQUITY
16. Paid up capital 3,791,973 3,791,973 1
a. Authorized capital 6,000,000 6,000,000 -
b. Unpaid capital -/- (2,208,027) (2,208,027) -
c. Shares purchased back (treasury stock) -/- - - -
17. Additional paid-in capital 1,267,378 1,267,378 -
a. Agio 1,267,378 1,309,729 1
b. Disagio -/- - (42,351) -
c. Capital deposit funds - - 1
d. Other - - -
18. Other comprehensive income 355,519 355,519 -
a. Other Comprehensive Income Benefits - 362,622 3
b. Loss of Other Comprehensive Income - (365,482) -
c. Profit and Loss Employee Benefits - 133 3
d. Fixed Asset Revaluation Difference - 358,246 3
19. Backup 5,000 5,000 -
a. general reserve 5,000 5,000 -
b. Reserves goals - - -
20. Profit/loss 1,120,687 1,120,687 -
a. Past years 879,396 879,396 2
b. Current year ***) 241,291 241,291 2
c. Dividends paid -/- - - -
TOTAL EQUITY THAT CAN ATTRIBUTABLE TO THE OWNER 6,540,557 6,540,557 -
21. Non-Controlling Interests - - 4
TOTAL EQUITY 6,540,557 6,540,557 -
TOTAL LIABILITIES AND EQUITY 27,851,946 27,851,946 -
Page 66
66 Opening Business and Functional Review Financial Review
Risk Management
CCA: Key Features of Capital Instruments and TLAC-Eligible Instruments
Period : 31 December 2023
No. Description Quantitative/Qualitative Information
1 Issuer PT Bank China Construction Bank Indonesia, Tbk
2 Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for private placement) N/A
3 Governing law(s) of the instrument Indonesian law
a. Means by which enforceability requirement of Section 13 of the TLAC Term Sheet is N/A
achieved (for other TLAC-eligible instruments governed by foreign law)
4 Transitional Basel III rules N/A
5 Post-transitional Basel III rules Tier 2
6 Eligible at solo/group/group and solo Group, Solo
7 Instrument type (types to be specified by each jurisdiction) Subordinated Securities
8 Amount recognised in regulatory capital (currency in millions, as of most recent reporting date) 15,397
9 Par value of instrument 461,910
10 Accounting classification Liabilities - Amortised Cost
11 Original date of issuance 26 - 02 - 2019
12 Perpetual or dated With Maturity
13 Original maturity date 26 - 02 - 2024
14 Issuer call subject to prior supervisory approval N/A
15 Optional call date, contingent call dates and redemption amount N/A
16 Subsequent call dates, if applicable N/A
Coupons / dividends
17 Fixed or floating dividend/coupon Floating
18 Coupon rate and any related index SOFR + 1.5%
19 Existence of a dividend stopper Yes
20 Fully discretionary, partially discretionary or mandatory Mandatory
21 Existence of step-up or other incentive to redeem No
22 Non-cumulative or cumulative Cumulative
23 Convertible or non-convertible Non Convertible
24 If convertible, conversion trigger(s) N/A
25 If convertible, fully or partially N/A
26 If convertible, conversion rate N/A
27 If convertible, mandatory or optional conversion N/A
28 If convertible, specify instrument type convertible into N/A
29 If convertible, specify issuer of instrument it converts into N/A
30 Writedown feature Yes
31 If writedown, writedown trigger(s) Follow OJK Regulations
32 If writedown, full or partial Follow OJK Regulations
33 If writedown, permanent or temporary Follow OJK Regulations
34 If temporary write-own, description of writeup mechanism Follow OJK Regulations
Type of subordination
35 Position in subordination hierarchy in liquidation (specify instrument type immediately Junior Bond
senior to instrument in the insolvency creditor hierarchy of the legal entity concerned).
36 Non-compliant transitioned features No
37 If yes, specify non-compliant features N/A
Qualitative Analysis
Page 67
Corporate Governance Corporate Information Financial Statement Annual Report 67
Risk Management
Qualitative Disclosures regarding Capital Structure and Capital Adequacy Ratio
Capital Adequacy Ratio
31 December 2023 and 31 December 2022
(in million IDR)
December 2023 December 2022
Capital Components
Individual Consolidated Individual Consolidated
I Core Capital (Tier 1) 6,014,355 - 5,729,759 -
1 Main Core Capital/Common Equity Tier 1 (CET 1) 6,014,355 - 5,729,759 -
1.1 Paid-in Capital (after deducting Treasury Stock) 3,791,973 - 3,791,973 -
1.2 Supplementary Additional Capital *) 2,560,195 - 2,229,442 -
1.2.1 Additional Factor 3,114,064 - 2,774,057 -
1.2.1.1 Other comprehensive income 719,434 - 615,632 -
1.2.1.1.1 Differences from the explanation of financial - - - -
statements
1.2.1.1.2 Potential gains from an increase in the fair 361,188 - 362,513 -
value of financial assets measured at fair
value through other comprehensive income
1.2.1.1.3 Fixed asset revaluation surplus balance 358,246 - 253,119 -
1.2.1.2 Other additional capital reserves (other disclosed 2,394,630 - 2,158,425 -
reserves)
1.2.1.2.1 Agio 1,267,378 - 1,267,378 -
1.2.1.2.2 General reserves 5,000 - 4,500 -
1.2.1.2.3 Profit from previous years 879,396 - 743,939 -
1.2.1.2.4 Current year profit 241,291 - 135,959 -
1.2.1.2.5 Capital deposit funds - - - -
1.2.1.2.6 Others 1,565 - 6,649 -
1.2.2 Deductiong Factor 553,869 - 544,615 -
1.2.2.1 Other Comprehensive Income 365,482 - 366,793 -
1.2.2.1.1 Differences from the explanation of financial - - - -
statements
1.2.2.1.2 Potential loss from a decrease in the fair value 365,482 - 366,793 -
of financial assets measured at fair value
through other comprehensive income
1.2.2.2 Other additional capital reserves (other disclosed 188,387 - 177,822 -
reserves)
1.2.2.2.1 Disagio - - - -
1.2.2.2.2 Loss from previous years - - - -
1.2.2.2.3 Current year loss - - - -
1.2.2.2.4 The difference between the Allowance for - - - -
Asset Quality Assessment (PPKA) and
Allowance for Loss and Impairment (CKPN)
on productive assets
1.2.2.2.5 The difference in the amount of the fair value - - - -
adjustment of the financial instrument in the
Trading Book
1.2.2.2.6 Impairment for Quantitative Valuation of 188,387 - 177,822 -
Non-productive Assets
1.2.2.2.7 Others - - - -
1.3 Calculating Non-Controlling Interests - - - -
1.4 Reduction Factor of Main Core Capital *) 337,813 - 291,656 -
1.4.1 Deferred tax 124,588 - 73,849 -
1.4.2 Goodwill 190,075 - 190,075 -
Page 68
68 Opening Business and Functional Review Financial Review
Risk Management
Capital Adequacy Ratio
31 December 2023 and 31 December 2022
(in million IDR)
December 2023 December 2022
Capital Components
Individual Consolidated Individual Consolidated
1.4.3 Intangibel Asset 23,150 - 27,732 -
1.4.4 Participation calculated as a deduction factor - - - -
1.4.5 Lack of capital in insurance subsidiary companies - - - -
1.4.6 Securitization exposure - - - -
1.4.7 Other major core capital deduction factors - - - -
1.4.7.1 Placement of funds in AT 1 and/or Tier 2 instruments - - - -
in other banks
1.4.7.2 Cross-ownership in another entity acquired by virtue - - - -
of a transfer by law, grant, or testamentary grant
1.4.7.3 Exposure that creates Credit Risk due to settlement - - - -
failure (settlement risk) - Non Delivery Versus Payment
1.4.7.4 Exposure in Subsidiaries conducting business activities - - - -
based on sharia principles (if any)
2. Additional Tier 1 (AT 1) *) - - - -
2.1 Instruments that meet the requirements of AT 1 - - - -
2.2 Agio/Disagio - - - -
2.3 Reduction Factors of Additional Core Capital *) - - - -
2.3.1 Placement of funds in AT 1 and/or Tier 2 instruments in other - - - -
banks
2.3.2 Cross-ownership in another entity acquired by virtue of a - - - -
transfer by law, grant, or testamentary grant
II Supplementary Capital (Tier 2) 195,275 - 262,724 -
1 Capital instruments in the form of shares or other that meet the 15,397 - 108,972 -
requirements of Tier 2
2 Agio/Disagio - - - -
3 General reserves of PPKA on productive assets that must be calculated 179,878 - 153,752 -
(maximum 1.25% RWA Credit Risk)
4 Subtracting Factors of Supplementary Capital *) - - - -
4.1 Sinking Fund - - - -
4.2 Placement of funds in a Tier 2 instrument with another bank - - - -
4.3 Cross-ownership in another entity acquired by virtue of a transfer - - - -
by law, grant, or testamentary grant
III. Capital Reducing Factors in the Form of Exposures That Create - - - -
Credit Risk Due to Settlement Risk - Non Delivery Versus Payment
IV. Capital Reducing Factors in the Form of Exposure in Subsidiary - - - -
Companies Conducting Business Activities Based on Sharia
Principles (If Any)
TOTAL CAPITAL 6,209,630 - 5,992,483 -
RISK-WEIGHTED ASSETS
RWA CREDIT RISK 15,235,593 - 16,844,943 -
RWA MARKET RISK 382,744 - 161,667 -
RWA OPERATIONAL RISK 962,994 - 1,303,999 -
TOTAL ATMR 16,581,331 - 18,310,609 -
Page 69
Corporate Governance Corporate Information Financial Statement Annual Report 69
Risk Management
Capital Adequacy Ratio
31 December 2023 and 31 December 2022
(in million IDR)
December 2023 December 2022
Capital Components
Individual Consolidated Individual Consolidated
CAR Ratio
CET 1 Ratio (%) 36.27 - 31.29 -
Tier 1 Ratio (%) 36.27 - 31.29 -
Tier 2 Ratio (%) 1.18 - 1.43 -
Capital Adequacy Requirement Ratio (%) 37.45 - 32.73 -
Capital Adequacy Requirement Ratio According To Risk Profile (%) 9.00 - 9.00 -
Allocation of Fulfillment Capital Adequacy Requirement According to
The Risk Profile
From CET 1 (%) 7.82 - 7.57 -
From AT 1 (%) - - - -
From Tier 2 (%) 1.18 - 1.43 -
CET 1 for Buffer (%) 28.45 - 23.73 -
Percentage of Buffer Required by The Bank (%) - - - -
Countercyclical Buffer (%) - - - -
Capital Surcharge untuk Bank Sistemik (%) - - - -
Capital Conservation Buffer (%) 2.50 - - -
Page 70
70 Opening Business and Functional Review Financial Review
Risk Management
Leverage Ratio Fulfillment Obligation Report and Leverage Ratio Calculation Report
Report of Total Exposure in Leverage Ratio
Bank Name : PT Bank China Construction Bank Indonesia, Tbk
Report Position : December 2023
(in million IDR)
No Description Total
1 Total assets on the balance sheet in published financial statements (gross value before deducting CKPN). 29,241,827
2 Adjustments to the value of investments in banks, financial institutions, insurance companies, and/or other entities based -
on financial accounting standards must be consolidated but are outside the scope of consolidation based on the
provisions of the Financial Services Authority.
3 Adjustments for the value of a collection of financial assets or underlying sharia assets that have been transferred in asset -
securitization that meet the sale and balance requirements as regulated in the OJK statutory regulations regarding the
Prudential Principles in Asset Securitization Activities for Commercial Banks.
In the event that the underlying financial assets or sharia assets have been deducted from the total assets in the balance
sheet in the published financial report (line number 1), then this line is filled in as 0 (zero).
4 Adjustments to temporary exceptions for current account placements with Bank Indonesia in order to comply with -
minimum statutory reserve requirements (if any).
5 Adjustments for fiduciary assets that are recognized as balance sheet components based on financial accounting -
standards but are excluded from the calculation of total exposure in the Leverage Ratio.
6 Adjustments for the value of regular purchases or sales of financial assets using the trade date accounting method. -
7 Adjustments for transaction values in cash pooling facilities that meet the requirements as regulated in this Financial -
Services Authority Regulation.
8 Adjustment for derivative transaction exposure value. 1,305,022
9 Adjustment for the exposure value of Securities Financing Transaction (SFT) as an example of a reverse repo transaction. -
10 Adjustment for the Administrative Account Transaction (TRA) exposure value which has been multiplied by the Credit 5,073,429
Conversion Factor (FKK).
11 Prudent valuation adjustments in the form of capital reduction factors and Allowance for Impairment Losses (CKPN) (1,354,784)
12 Other adjustments (if any) -
13 Total Exposure in Leverage Ratio Calculation 34,265,494
Leverage Ratio Calculation Report
Bank Name : PT Bank China Construction Bank Indonesia, Tbk
Report Position : December 2023
(in million IDR)
Period
No Description
T T-1
Asset Exposure in the Statement of Financial Position (Balance Sheet)
1 Asset exposure in the Statement of Financial Position (Balance Sheet) includes collateral assets recorded 28,079,299 23,320,362
in the balance sheet, but does not include derivative transaction exposure and SFT exposure.
*Using gross value before deducting CKPN."
2 The added value for derivative collateral handed over to counterparties and the provision of such - -
collateral resulted in a decrease in total asset exposure on the balance sheet due to the application of
accounting standards.
3 (Reduction of receivables related to cash variation margin provided in derivative transactions). - -
4 (Adjustment for securities received in SFT exposure that have been recorded as assets in the Bank's - -
balance sheet).
5 (Allowance for Impairment Losses (CKPN) on these assets in accordance with applicable accounting standards). (513,839) (530,160)
6 (Assets that have been calculated as a reducing factor for Core Capital (tier 1) as referred to in the (840,945) (839,578)
Financial Services Authority Regulation which regulates the obligation to provide minimum capital for
commercial banks).
7 Total Asset Exposure in the Statement of Financial Position (Balance Sheet) 26,724,515 21,950,624
(Summation from line 1 to line 6)"
Page 71
Corporate Governance Corporate Information Financial Statement Annual Report 71
Risk Management
Leverage Ratio Calculation Report
Bank Name : PT Bank China Construction Bank Indonesia, Tbk
Report Position : December 2023
(in million IDR)
Period
No Description
T T-1
Derivative Transaction Exposure
8 Replacement Cost (RC) value for all derivative transactions, whether there is a variation margin that meets the - -
requirements or there is an offsetting agreement that meets certain requirements.
9 The additional value is the Potential Futures Exposures (PFE) for all derivative transactions. 1,317,854 904,688
10 (exception for exposure to derivative transactions settled through a central clearing counterparty (CCP)) N/A N/A
11 Adjustments to the effective notional value of credit derivatives - -
12 (Adjustment for effective notional value made offsetting and subtracting add-ons for derivative credit - -
sales transactions)
13 Total Derivative Transaction Exposure (Summ of lines 8 to line 12) 1,317,854 904,688
Securities Financing Transaction (SFT) Exposure
14 Gross SFT Value 1,149,696 4,350,968
15 (Net value between cash liabilities and cash receivables) - -
16 Credit Risk due to counterparty failure related to SFT assets which refers to the Current Exposure calculation - -
as regulated in Attachment I to this Financial Services Authority Regulation.
17 Exposure as an SFT agent - -
18 Total SFT Exposure (Summ of lines 14 to line 17) 1,149,696 4,350,968
Administrative Account Transaction (TRA) Exposure
19 The value of all committed obligations or contingent liabilities. 9,656,543 10,331,639
*Gross value before deducting CKPN
20 (Adjustment to the result of multiplying the value of committed obligations or contingent liabilities and (4,583,114) (5,463,194)
the Credit Conversion Factor (FKK))
21 (Allowance for Impairment Losses (CKPN) for the TRA is in accordance with applicable accounting standards). - -
22 Total Administrative Account Transaction Exposure (TRA) (Summation from line 19 to line 21) 5,073,429 4,868,445
Capital and Total Exposure
23 Core Capital (Tier 1) 6,069,256 5,902,513
24 Total Exposure (Sum of rows 7, 13, 18, and 22) 34,265,494 32,074,725
Leverage Ratio
25 Leverage Ratio Value (Column 23 ÷ Column 24) 17.71% 18.40%
26 Minimum Leverage Ratio Value 3.00% 3.00%
27 Buffer against the Leverage Ratio value N/A N/A
Disclosure of Average Values
28 The average value of the gross carrying value of SFT assets, after adjustments for sales accounting transactions 3,486,048 3,896,019
which are calculated on a net basis with cash liabilities in SFT and cash claims in SFT
29 The final reporting quarter value of the gross carrying value of SFT assets, after adjustments for sales accounting - -
transactions which are calculated on a net basis with cash liabilities in SFT and cash claims in SFT
30 Total Exposure, including the impact of adjustments to temporary exceptions for current account placements 34,265,494 32,074,725
with Bank Indonesia in order to comply with minimum statutory reserve requirements (if any), which
includes the average value of the gross carrying value of SFT assets as referred to in line 28
30a Total Exposure, does not include the impact of adjustments to the temporary exception for the placement 37,751,542 35,970,744
of demand deposits with Bank Indonesia in order to comply with minimum statutory reserve requirements
(if any), which includes the average value of the gross carrying value of SFT assets as referred to in line 28
31 Leverage Ratio Value, including the impact of adjustments to temporary exceptions for current account 17.71% 18.40%
placements with Bank Indonesia in order to comply with minimum statutory reserve requirements (if any),
which includes the average gross carrying value of SFT assets as referred to in line 28
31a The Leverage Ratio value, does not include the impact of adjustments to the temporary exception for the placement 16.08% 16.41%
of demand deposits with Bank Indonesia in order to comply with the minimum statutory reserve requirements (if
any), which includes the average value of the gross carrying value of SFT assets as referred to in line 28
Qualitative Analysis
As of 31 December 2023, there is a leverage ratio percentage of 17.71%, which is above the minimum requirement of 3% stipulated in Number 31/
POJK.03/2019 concerning Obligations to Fulfill Leverage Ratios for Commercial Banks.
Page 72
72 Opening Business and Functional Review Financial Review
Risk Management
Credit Risk Management business prospects, debtor performance, and ability to pay.
After disbursement of credit is carried out strictly by requiring
Credit risk is the risk that arises because the debtor fails to fulfil his a business visit from the debtor and submitting a call report
obligations to the Bank. Failure to manage this risk can result in to the loan monitoring department.
financial losses that have a negative impact on the financial performance g. The implementation of the covenant monitoring system as
of the Bank directly or indirectly. Credit risk management is carried one of the tools in monitoring debtors to minimize the occurrence
out with the aim of measuring, anticipating, and minimizing losses of default, or in other words can help reduce or control the risk
due to the failure of the debtor or counterparty to fulfil their obligations. of transactions by specifying certain things that debtors should
and should not do.
Credit risk can be sourced from various bank business activities, h. The process of unifying an integrated credit risk management
such as lending, purchasing securities, acceptances, inter-bank information system so as to facilitate management in monitoring
transactions, trade finance transactions, exchange rate transactions credit performance. Plans for implementing a new data
and derivatives, as well as commitments and contingencies warehouse to support an integrated credit risk management
obligations, where lending is the largest source of risk in assets information system.
bank balance sheet. i. The Bank has conducted regular evaluations of the availability
of the Bank's Credit Policy, including through the provision of
Credit risk management, among others, is carried out on the Risk Opinions and Compliance Opinions on policy reviews,
following matters: guidelines and SOPs related to credit.
a. The readiness of human, operational and IT resources capable of j. To manage portfolio composition, CCB Indonesia has set
supporting credit risk management in accordance with the bank's sectoral limits for each industrial business sector, unused
business plan in the development of lending that has the potential facility limits, determination of sectoral Risk Appetite and Risk
to cause credit risk exposure. Increasing the number of adequate Acceptance Criteria in Commercial & Retail Banking which
human resources through the recruitment process and improving are reviewed and monitored regularly by the Risk Management
the quality of human resources through the training process. Division.
b. Identification of credit risk to the source and potential for credit k. To cover potential credit risk in the future, banks establish an
risk that is adjusted to the characteristics of the product and Expected Credit Loss (ECL) reserve by including the Macro
the type of activity. Economic Variables (MEV) factor in the ECL model. In addition,
c. The measurement of inherent risk includes, among others, the the bank maintains the NPL coverage ratio in accordance with
composition of the asset portfolio and the level of concentration, the bank's target set in the Bank's Business Plan (RBB).
the quality of the provision of funds and the adequacy of the
reserves. In addition, banks perform credit risk stress testing to The Bank proactively runs credit collection and recovery loans
measure the impact of changes in internal and external conditions for debtors who experience late payments and all bad loans.
on the bank's credit portfolio. Credit collection and recovery is carried out by the Special Asset
d. In carrying out the credit Risk Management function, the credit Management Unit. In terms of resolving non-performing loans
approval process has been regulated in bank policies, guidelines, by confiscation of collateral or the auction process at the Private
and SOPs, which include, among other things, setting limits Auction Center and the District Court, the Legal Division plays
on the authority of regional credit makers and credit committees a role in providing assistance so that it is always proper in
at the head office so that the risk management of credit litigation.
disbursement can run optimally.
e. Credit analysis is carried out by implementing the 5C principles, Credit Collection and Recovery
namely Character, Capital, Collateral, Capacity and Condition
of the Economy. In addition, credit analysis will also be carried The bank's credit collection system is proactively done through
out by considering the impact of lending on risk exposures Special Asset Management (SAM) Division, which specifically
other than credit risk, such as market risk, liquidity risk, operational handles non-performing loans. Credit collection and recovery
risk, legal risk, compliance risk, reputation risk and strategic risk. are carried out non-performing debtors of which the handling
f. The Bank always refers to the practice of prudential principles method is adjusted to the different problems of each debtor.
in assessing credit quality, providing credit decisions with For the execution of collateral, SAM Division cooperates with
adequate analysis of the 3 PILLAR assessment factors, namely Legal Division in settlement through legal channels.
Page 73
Corporate Governance Corporate Information Financial Statement Annual Report 73
Risk Management
Credit Concentration Risk Management Policy
The Bank diversifies its loan portfolio by spreading risks arising from various industrial sectors and credit segments. Credit concentration
risk management is carried out including:
- Determination of limits based on the Industrial sector.
- Credit concentration risk analysis is carried out in accordance with the portfolio profile managed by the Bank by considering various
impacts of changes in various economic indicators that can affect lending in certain economic sectors.
- Analysis of Non-Performing Loans (NPL) movements in each industry sector.
- Monitor credit concentration risk on a regular basis.
- Calculating the capital allocation for credit concentration risk, which is conveyed through the Capital Calculation Report Based on
Risk Profile or ICAAP.
Credit Risk Exposure
Based on the exposure category according to the Standard Approach, the Bank has the following exposures:
Disclosure of Net Receivables by Region - Bank Individually
(in million IDR)
31 December 2023 31 December 2022
No. Portfolio Category Net Receivables by Region Net Receivables by Region
Region 1 Region 2 Region 3 Others Total Region 1 Region 2 Region 3 Others Total
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
1 Receivables to Government 5,889,066 - - - 5,889,066 3,029,012 - - - 3,029,012
2 Receivables on Public Sector 1,626,646 - - - 1,626,646 1,757,048 325,473 - - 2,082,522
Entities
3 Receivables to Multilateral - - - - - - - - - -
Development Banks and
International Institutions
4 Receivables to Bank 386,775 - - - 386,775 279,435 - - - 279,435
5 The bill is in the form of a - - - - - - - - - -
Covered Bond
6 Receivables to Securities - - - - - - - - - -
Companies and Other Financial
Services Institutions
7 Receivables in the form of - - - - - - - - - -
Securities/Subordinated
Receivables, Equity and Other
Capital Instruments
8 Residential Property Secured 2,195,070 168,358 45,541 89,013 2,497,983 552,287 42,990 7,023 5,172 607,472
Loans
9 Commercial Property Backed 2,045,198 274,026 167,228 316,355 2,802,807 33,508 - - - 33,508
Loans
10 Credit for Land Acquisition, Land - - - - - - - - - -
Management and Construction
11 Employee or Pensioner Credit - - - - - - - - - -
12 Receivables on Micro 173,013 6,044 - 18,446 197,503 393,573 98,688 22,043 32,679 546,985
Businesses, Small Businesses,
and Retail Portfolios
13 Receivables on Corporations 5,883,179 753,364 1,768,835 461,515 8,866,894 11,374,868 474,212 126,336 913,325 12,888,743
14 Receivables That Have Been 134,980 6,591 1,601 6,627 149,799 140,081 5,632 2,001 7,288 155,002
Due Date
15 Other Assets 3,951,612 - - - 3,951,612 1,108,504 - - - 1,108,504
TOTAL 22,285,539 1,208,384 1,983,206 891,955 26,369,084 18,668,316 946,995 157,403 958,464 20,731,183
The Bank does not have a subsidiary, therefore the Bank in Consolidation with Subsidiaries is Zero.
Geographically, the Bank office network is spread across major cities in Indonesia, such as; Jakarta, Bogor, Tangerang, Bekasi, Serpong,
Bandung, Semarang, Solo, Yogyakarta, Surabaya, Denpasar, Pontianak, Bandar Lampung, Pekanbaru, Palembang, Batam, Makassar, Mataram
and Malang.
Page 74
74 Opening Business and Functional Review Financial Review
Risk Management
Disclosure of Net Receivables Based on the Remaining Contract Term - Bank Individually
(in million IDR)
31 December 2023 31 December 2022
Net Receivable based on Contract Term Net Receivable based on Contract Term
No. Portfolio Category
> 1 year >3 > 1 year > 3 years
>5 Non- Non-
< 1 year to 3 years to Total < 1 year to 3 to 5 > 5 years Total
years contractual contractual
years 5 years years years
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)
1 Receivables to 5,889,066 - - - - 5,889,066 3,029,012 - - - - 3,029,012
Government
2 Receivables on Public 547,755 164,621 382,821 531,449 - 1,626,646 943,476 166,246 550,920 421,880 - 2,082,522
Sector Entities
3 Receivables to Securities 533,679 1,229,672 1,033,166 18,674 - 2,815,190 - - - - - -
Companies and Financial
Services Institutions
4 Receivables to Multilateral - - - - - - - - - - - -
Development Banks and
International Institutions
5 Receivables to Bank 386,775 - - - - 386,775 279,435 - - - - 279,435
6 The Receivable is in the - - - - - - - - - - - -
form of a Cover Bond
7 Receivables in the form of - - - - - - - - - - - -
Securities/Subordinated
Receivables, Equity and
Other Capital Instruments
8 Residential Property 845,553 120,081 302,306 1,230,042 - 2,497,983 220 10,175 49,223 547,854 - 607,472
Secured Loans
9 Commercial Property 1,452,790 211,528 327,017 809,871 1,600 2,802,807 28,868 4,640 - - - 33,508
Backed Loans
10 Credit for Land Acquisition, - - - - - - - - - - - -
Land Processing and
Construction
11 Employee or Pensioner - - - - - - - - - - - -
Credit
12 Receivables on Micro 156,678 1,253 9,551 30,021 - 197,503 114,143 46,058 65,948 320,836 - 546,985
Businesses, Small Businesses,
and Retail Portfolios
13 Receivables on 1,739,947 311,795 1,462,843 5,352,309 - 8,866,894 3,396,577 1,166,039 3,433,823 4,890,205 2,100 12,888,743
Corporations
14 Receivables That Have 21,778 6,577 53,025 31,185 37,235 149,799 12,909 4,077 70,349 33,107 34,559 155,002
Been Due Date
15 Other Assets 1,136,422 - - - - 1,136,422 1,108,504 - - - - 1,108,504
TOTAL 12,710,443 2,045,527 3,570,728 8,003,551 38,835 26,369,084 8,913,144 1,397,236 4,170,264 6,213,881 36,659 20,731,183
The bank does not have a subsidiary; thus, the Disclosure of Net Receivables Based on Remaining Contract Term - Bank in Consolidation
with Subsidiaries is Zero
Page 75
Corporate Governance Corporate Information Financial Statement Annual Report 75
Risk Management
Disclosure of Net Receivables by Economic Sector - Bank Individually
(in million IDR)
Receivables Receivables Receivables
Receivables to Securities to Multilateral Commercial to Micro,
Receivables Home- Employee/ Receivables
to Public Companies Development Receivables Property- Small Past Due Others
No. Economic Sector to Backed Retiree to
Sector and Financial Bank and to Bank Backed Businesses, Receivables Assets
Government Loans Loans Corporations
Entities Services International Loans and Retail
Institutions Institutions Portfolio
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)
31 December 2023
1 Agriculture, Forestry - - - - - 13,039 19,808 - 4,918 22,226 -
and Fisheries
2 Mining and excavation - 164,621 - - - 5,454 90,623 - 61,608 411,796 -
3 Processing industry - - - - - 151,228 798,956 - 7,622 2,902,342 42,625 -
4 Procurement of - - - - - 233,737 24,535 - - 2,928,753 -
Electricity, Gas, Steam/
Hot Water and Cold Air
5 Water Management, - 157,272 - - - - - - - - - -
Waste Water
Management, Waste
Management and
Recycling, and
Remediation Activities
6 Construction - 706,330 - - - 99,756 190,402 - - 160,467 26,956 -
7 Wholesale and Retail - - - - - 452,491 458,793 - 30,706 743,677 38,771 -
Trade; Car and
Motorcycle Repair and
Maintenance
8 Transportation and - - - - - 40,564 122,663 - 12,222 727,920 600 -
Warehousing
9 Provision of - - - - - 49,205 358,125 - 13,358 115,315 4,174 -
accommodation and
provision of food and
drink
10 Information and - - - - - - - - - - - -
Communication
11 Financial and - 598,423 2,523,427 - - 1,739 - - - - - -
Insurance Activities
12 Real Estate - - 291,763 235,989 495,615 1,210 779,558 9,017
13 Professional, Scientific - - - - - - - - - - - -
and Technical Activities
14 Rental and Leasing - - - - - - - - - - - -
Activities without
Option Rights,
Employment, Travel
Agents and Other
Business Support.
15 Government - - - - - 847 - - - - - -
Administration, Defense
and Mandatory Social
Security
16 Education - - - - - 544 34,686 - - -
17 Human Health - - - - - 2,587 4,527 - 40,964 74,839 - -
Activities and Social
Activities
18 Arts, Entertainment - - - - - - - - - - - -
and Recreation
19 Other Service Activities - - - - - - - - - - - -
20 Household Activities as - - - - - - - - - - - -
an Employer; Activities
that produce goods and
services by households
that are used to meet
their own needs
21 Activities of International - - - - - - - - - - - -
Agencies and Other Extra
International Agencies
22 Household - - - - - - - - - - - -
23 Not Other Business - - - - - - - - - - - -
Fields
24 Others 5,889,066 - - - - 1,210,804 204,074 - 24,894 - 27,656 1,136,421
TOTAL 5,889,066 1,626,646 2,815,190 - 386,775 2,497,983 2,802,807 - 197,503 8,866,894 149,799 1,136,421
Page 76
76 Opening Business and Functional Review Financial Review
Risk Management
Disclosure of Net Receivables by Economic Sector - Bank Individually
(in million IDR)
Receivables Receivables Receivables
Receivables to Securities to Multilateral Commercial to Micro,
Receivables Home- Employee/ Receivables
to Public Companies Development Receivables Property- Small Past Due Others
No. Economic Sector to Backed Retiree to
Sector and Financial Bank and to Bank Backed Businesses, Receivables Assets
Government Loans Loans Corporations
Entities Services International Loans and Retail
Institutions Institutions Portfolio
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)
31 December 2022
1 Agriculture, Forestry - 325,474 - - - - - - 5,695 38,527 9,161 -
and Fisheries
2 Mining and excavation - 387,974 - - - - - - - 705,771 - -
3 Processing industry - - - - - - - - 17,811 2,780,285 69,841 -
4 Procurement of - - - - - - - - 798 2,630,294 - -
Electricity, Gas, Steam/
Hot Water and Cold Air
5 Water Management, - - - - - - - - - - - -
Waste Water
Management, Waste
Management and
Recycling, and
Remediation Activities
6 Construction - 647,327 - - - - 4,640 - 16,645 475,281 15,768 -
7 Wholesale and Retail - - - - - - - - 66,431 1,136,140 31,773 -
Trade; Car and
Motorcycle Repair and
Maintenance
8 Transportation and - - - - - - - - 10,411 667,643 6,201 -
Warehousing
9 Provision of - - - - - - - - 4,555 716,702 269 -
accommodation and
provision of food and
drink
10 Information and - - - - - - - - - - - -
Communication
11 Financial and - 721,748 - - - - - - 318 1,852,287 - -
Insurance Activities
12 Real Estate - - - - - - 28,868 420,554 1,318,626 4,518
13 Professional, Scientific - - - - - - - - - - - -
and Technical Activities
14 Rental and Leasing - - - - - - - - - - - -
Activities without
Option Rights,
Employment, Travel
Agents and Other
Business Support
15 Government - - - - - - - - 848 - - -
Administration, Defense
and Mandatory Social
Security
16 Education - - - - - - - - 889 2,637 2,469 -
17 Human Health Activities - - - - - - - - - 110,084 - -
and Social Activities
18 Arts, Entertainment - - - - - - - - - - - -
and Recreation
19 Other Service Activities - - - - - - - - - - - -
20 Household Activities as - - - - - - - - - - - -
an Employer; Activities
that produce goods and
services by households
that are used to meet
their own needs
21 Activities of - - - - - - - - - - - -
International Agencies
and Other Extra
International Agencies
22 Household - - - - - - - - - - - -
23 Not Other Business - - - - - - - - - - - -
Fields
24 Others 3,029,012 - - - 279,435 607,472 - - 2,031 454,467 15,003 1,108,504
TOTAL 3,029,012 2,082,522 - - 279,435 607,472 33,508 - 546,985 12,888,743 155,002 1,108,504
The Bank does not have a subsidiary; thus, Disclosure of Net Receivables by Economic Sector - Consolidated Banks with Subsidiaries is Zero.
Page 77
Corporate Governance Corporate Information Financial Statement Annual Report 77
Risk Management
Disclosure of Receivables and Allowances by Region - Bank Individually
(in million IDR)
31 December 2023 31 December 2022
No. Description Region Region
Region 1 Region 2 Region 3 Others Total Region 1 Region 2 Region 3 Others Total
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
1. Receivables 22,285,539 1,208,384 1,983,206 891,955 26,369,084 18,668,316 946,997 157,406 958,464 20,731,183
2. Receivables that have increased
and worsened credit risk (Stage 2
and Stage 3)
a. Not Yet Due 15,101,187 1,203,793 1,982,435 883,728 19,171,143 14,187,874 941,952 156,353 952,240 16,238,419
b. Overdue 175,246 4,591 771 8,227 188,835 436,544 5,045 1,053 6,224 448,866
3. Allowance for Impairment Losses - 23,457 1,228 2,056 3,704 30,445 30,310 2,699 356 4,092 37,456
Stage 1
4. Allowance for Impairment Losses - 72,706 21 1,075 1,120 74,921 9,930 13 15 - 9,957
Stage 2
5. Allowance for Impairment Losses - 399,425 5,995 465 2,310 408,195 407,263 1,692 501 2,749 412,206
Stage 3
6. Deleted book receivables 9,313 - - - 9,313 11,023 - - - 11,023
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78 Opening Business and Functional Review Financial Review
Risk Management
Disclosure of Receivables and Allowances Based on Economic Sector - Bank Individually
(in million IDR)
Allowance Allowance Allowance
Impaired Receivables for for for Deleted
No. Economic Sector Receivables Impairment Impairment Impairment book
Not Yet Losses Losses Losses receivables
Past Due
Mature - stage 1 - stage 2 - stage 3
(1) (2) (3) (4) (5) (6) (7) (8)
31 December 2023
1 Agriculture, Forestry and Fisheries 59,993 - 59,993 114 - - -
2 Mining and excavation 734,102 - 734,102 444 - - -
3 Processing industry 4,204,535 86,775 4,117,760 4,078 2,289 269,320
4 Procurement of Electricity, Gas, Steam/Hot Water and Cold Air 3,154,130 - 3,154,130 3,387 64 - -
5 Water Management, Waste Water Management, Waste 146,284 - 146,284 160 - - -
Management and Recycling, and Remediation Activities
6 Construction 1,234,578 24,002 1,210,576 1,140 64,846 20,545
7 Wholesale and Retail Trade; Car and Motorcycle Repair 1,770,303 50,593 1,719,709 2,580 3,686 52,591 -
and Maintenance
8 Transportation and Warehousing 694,559 - 694,559 798 - - -
9 Provision of accommodation and provision of food and drink 540,177 4,174 536,003 5,648 590 1,239 -
10 Information and Communication 20,916 600 20,316 174 209 -
11 Financial and Insurance Activities 3,115,973 - 3,115,973 2,832 - - -
12 Real Estate 879,364 18,598 860,766 6,106 257 45,729 -
13 Professional, Scientific and Technical Activities 43,977 - 43,977 42 - 209 -
14 Rental and Leasing Activities Without Option Rights, 929,812 - 929,812 988 - 1,114 -
Employment, Travel Agents and Other Business Support
15 Government Administration, Defense and Mandatory 847 - 847 2 - - -
Social Security
16 Education 35,230 - 35,230 51 - - -
17 Human Health Activities and Social Activities 122,916 - 122,916 135 - - -
18 Arts, Entertainment and Recreation 657 600 57 0.29 - - -
19 Other Service Activities - - - - - - -
20 Household Activities as an Employer; Activities that - - - - - - -
produce goods and services by households that are
used to meet their own needs
21 Activities of International Agencies and Other Extra - - - - - - -
International Agencies
22 Household - - - - - - -
23 Not Other Business Fields - - - - - - -
24 Other 8,680,733 3,494 8,677,239 1,765 3,189 17,238 9,313
Total 26,369,084 188,835 26,180,248 30,445 74,921 408,195 9,313
31 December 2022
1 Agriculture, Forestry and Fisheries 373,554 364,393 9,161 547 - 4,087 -
2 Mining and excavation 1,093,745 1,093,745 - 1,583 - - -
3 Processing industry 3,117,938 2,824,262 293,676 9,522 2,512 262,313
4 Procurement of Electricity, Gas, Steam/Hot Water and Cold Air 2,631,092 2,631,092 - 5,234 - - -
5 Water Management, Waste Water Management, Waste - - - - - - -
Management and Recycling, and Remediation Activities
6 Construction 1,210,305 1,152,670 57,635 2,906 1,702 56,589 -
7 Wholesale and Retail Trade; Car and Motorcycle Repair 1,284,343 1,226,537 57,806 1,967 3,290 49,225 -
and Maintenance
8 Transportation and Warehousing 684,254 678,054 6,201 1,239 - 2,648 -
9 Provision of accommodation and provision of food and drink 721,527 721,527 - 6,053 - 52 -
10 Information and Communication - - - - - - -
11 Financial and Insurance Activities 2,528,658 2,528,658 - 3,880 - - -
12 Real Estate 1,407,248 1,384,951 22,298 2,196 32 29,264
Page 79
Corporate Governance Corporate Information Financial Statement Annual Report 79
Risk Management
Disclosure of Receivables and Allowances Based on Economic Sector - Bank Individually
(in million IDR)
Allowance Allowance Allowance
Impaired Receivables for for for Deleted
No. Economic Sector Receivables Impairment Impairment Impairment book
Not Yet Losses Losses Losses receivables
Past Due
Mature - stage 1 - stage 2 - stage 3
13 Professional, Scientific and Technical Activities - - - - - - -
14 Rental and Leasing Activities Without Option Rights, - - - - - - -
Employment, Travel Agents and Other Business Support
15 Government Administration, Defense and Mandatory 848 848 - 1 1,083 - -
Social Security
16 Education 5,995 5,995 - 7 - 532 -
17 Human Health Activities and Social Activities 110,084 110,084 - 222 - - -
18 Arts, Entertainment and Recreation - - - - - - -
19 Other Service Activities - - - - - - -
20 Household Activities as an Employer; Activities that - - - - - - -
produce goods and services by households that are
used to meet their own needs
21 Activities of International Agencies and Other Extra - - - - - - -
International Agencies
22 Household - - - - - - -
23 Not Other Business Fields - - - - - - -
24 Other 5,561,592 5,559,501 2,090 2,099 1,338 7,497 11,023
Total 20,731,183 20,282,317 448,866 37,457 9,957 412,206 11,023
The Bank does not have a subsidiary; thus, the Disclosure of Receivables and Allowances Based on Economic Sector - Consolidated Banks
and Subsidiaries is Zero.
Disclosure of Receivables and Provisions Based on Days of Overdue - Individual Banks
31 December 2023 31 December 2022
Receivables Based on Days Overdue Receivables Based on Days Overdue
No Type of Exposure
>90 days >120 >90 days >120 days
>180
until 120 days until Total until 120 until 180 >180 days Total
days
days 180 days days days
a b c d e f g h i j
1 Loans included in Past Due Receivables - - - - - - - -
2 Securities included in Past Due Receivables - - - - - - - -
TOTAL - - - - - - - -
Disclosure of Performing and Non-Performing Assets - Individual Banks
Non Performing
Performing (Substandard, Doubtful and Bad Quality)
(Current and Special Receivables That Are Not Impaired in Value
Mention Quality) Impaired Receivables Have > 90 Days in Have ≤ 90 Days in
Description Arrears Arrears
Allowance Allowance Allowance Allowance
Gross Gross Gross Gross
for for for for
Carrying Carrying Carrying Carrying
Impairment Impairment Impairment Impairment
Amount Amount Amount Amount
Losses Losses Losses Losses
a b c d e f g h
1 Securities - - - - - - - -
2 Loans - - - - - - - -
a. Corporate - - - - - - - -
b. Retail - - - - - - - -
3 Administrative Account Transactions - - - - - - - -
Page 80
80 Opening Business and Functional Review Financial Review
Risk Management
Disclosure of Performing and Non-Performing Restructuring Assets - Individual Banks
Non Performing
Performing
(Substandard,
(Current and Special Stage 1 Stage 2 Stage 3
Doubtful and Bad
Mention Quality)
Quality)
Description
Allowance Allowance Allowance Allowance Allowance
Gross Gross Gross Gross Gross
for for for for for
Carrying Carrying Carrying Carrying Carrying
Impairment Impairment Impairment Impairment Impairment
Amount Amount Amount Amount Amount
Losses Losses Losses Losses Losses
a b c d e f g h i j
1 Securities - - - - - - - - - -
2 Loans - - - - - - - - - -
a. Corporate - - - - - - - - - -
b. Retail - - - - - - - - - -
3 Administrative Account - - - - - - - - - -
Transactions
Disclosure Details of Movement of Reserve for Impairment Losses - Bank Individually
(in million IDR)
Report date position Previous Year's Report Date Position
No. Description
Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8)
1 Allowance for Impairment Losses (AIL) Opening Balance 32,723 9,853 412,170 18,798 492 272,671
2 Establishment (Recovery) of AIL in the Current Period (Net)
Establishment of AIL in the current period 3,257 2,481 919 5,321 405 -
Recovery of AIL in the current period (5,535) 62,588 65,138 8,604 8,956 143,626
3 Impairment used to write off bills for the current period - - (70,033) - - (4,127)
4 Other Establishment (Recovery) in the current period - - - - - -
AIL Closing Balance 30,445 74,922 408,194 32,723 9,853 412,170
Disclosure of Loan Quality of Assets (CR1)
1) Bank individually
Gross Carrying Value Allowance for Impairment Losses Allowance for
Allowance for
Impairment Net Value
Description Impairment
Overdue Undue Stage 2 and Losses (a+b-c)
Losses Stage 1
Receivables Receivebles Stage 3 (IRB Approach)
a b c d e f g
1 Loans 556,412 18,803,566 513,561 483,116 30,445 - 18,846,417
2 Securities - 4,412,259 152 - 152 - 4,412,107
3 Administrative Account - 989,232 1,540 - 1,540 - 987,692
Transactions
4 Total 556,412 24,205,057 515,253 483,116 32,137 - 24,246,216
Additional disclosures
Overdue receivables include receivables that are more than 90 days overdue or have a collectibility of 3, 4 and 5.
Disclosure of Loan Movements and Overdue Securities (CR2)
1) Bank Individually
(in million IDR)
a
1 Loans and Securities that have matured in the last reporting period 556,412
2 Loans and Securities that have matured since the last reporting period -
3 Loans and Securities that return to bills that have not yet matured -
4 Write-off value -
5 Another changes -
6 Loans and Securities that have matured at the end of the reporting period (1+2-3-4+5) 556,412
Additional Disclosures
All overdue receivables come from the loans provided.
Page 81
Corporate Governance Corporate Information Financial Statement Annual Report 81
Risk Management
Quantitative Disclosures related to Credit Risk Mitigation Techniques (CR3)
1) Bank individually
Receivables
Receivables Not Receivables
Receivables guaranteed by Receivables
Guaranteed by Guaranteed by
Description Guaranteed by Guarantee, Guaranteed by
Credit Risk Mitigation Credit Risk Mitigation
Collateral Guarantee and/or Credit Derivatives
Techniques Techniques
Credit Insurance
a b c d e
1 Loans 14,986,829 3,859,587 - - -
2 Securities 4,412,107 - - - -
3 Total 19,398,936 3,859,587 - - -
4 Maturity Loans and Securities 149,799 - - - -
Additional Disclosures
The Bank applies the Credit Risk Mitigation with Collateral Technique with a Simple Approach to Credit and Securities exposures.
All Receivables guaranteed by Credit Risk Mitigation (MRK) technique come from Loans provided to Customers.
There are no significant changes to the exposure of Asset positions in the Financial Statements.
Disclosure of Credit Risk Exposure and Impact of Credit Risk Mitigation Techniques (CR4)
1) Bank Individually
Net Receivables Before Net Receivables After
Implementation of Implementation of
RWA and Average Risk
Commitment Obligation Commitment Obligation
Weight
Function (FKK) and Credit Risk Function (FKK) and Credit Risk
Portfolio Category Mitigation (MRK) Techniques Mitigation (MRK) Techniques
Statement of Administrative Statement of Administrative Average
Financial Account Financial Account RWA Risk Weight
Position Transactions Position Transactions (e/(c+d))
a b c d e f
1 Receivables to Government 5,889,066 - 5,889,066 - - 0.00%
2 Receivables on Public Sector Entities 1,626,646 265,878 1,626,646 26,588 509,512 30.82%
3 Receivables to Multilateral Development Banks and - - - - - 0.00%
International Institutions
4 Receivables to Bank 368,780 - 368,780 - 73,756 20.00%
Receivables to Securities Companies and Other 2,815,190 324,851 2,815,190 32,485 1,139,070 40.00%
Financial Services Institutions 1)
5 The Receivable is in the form of a Covered Bond - - - - - 0.00%
6 Receivables on Corporations - General Corporate 8,866,894 5,869,438 8,866,894 829,604 7,982,792 82.33%
Exposures 2)
Receivables from securities companies and other - - - - - 0.00%
financial services institutions 3)
Special Financing Exposure 4) - - - - - 0.00%
7 Receivables in the form of Securities/Subordinated - - - - - 0.00%
Receivables, Equity and Other Capital Instruments
8 Receivables on Micro Businesses, Small Businesses, 197,503 90,668 197,503 9,120 53,135 25.72%
and Retail Portfolios
9 Property Backed Loans
Residential Property-Backaged Loans whose 2,497,983 182,237 2,497,983 18,224 1,241,205 49.33%
Payments Are Not Materially Dependent on Property
Cash Flow
Residential Property-Backaged Loans whose Payments - - - - - 0.00%
Depend Materially on the Property's Cash Flows
Commercial Property-Backed Loans Where Payments - - - - - 0.00%
Are Not Materially Dependent on Property Cash Flows
Commercial Property-Backed Loans Where Payments 2,802,807 1,118,042 2,802,807 111,804 2,810,891 96.44%
Depend Materially on the Property's Cash Flows
10 Receivables That Have Been Due Date 149,799 - 149,799 - 74,900 50.00%
11 Other Assets 1,200,708 - 1,200,708 - 1,042,022 86.78%
12 Total 26,415,376 7,851,114 26,415,376 1,027,825 14,927,282 54.39%
Page 82
82 Opening Business and Functional Review Financial Review
Risk Management
Exposure Disclosure by Asset Class and Risk Weight (CR5)
1) Bank Individually
Portfolio Category 0% 20% 50% 100% 150% Others Net Receivables After FKK and MRK Techniques
1 Receivables to 5,889,066 - - - - - 5,889,066
Government
Portfolio Category 20% 50% 100% 150% Others Net Receivables After FKK and MRK Techniques
2 Receivables to Public - 1,653,234 - - - 1,653,234
Entities
Portfolio Category 0% 20% 30% 50% 100% 150% Others Net Receivables After FKK and MRK Techniques
3 Receivables to - - - - - - - -
Multilateral
Development Banks
and International
Institutions
Portfolio Category 20% 30% 40% 50% 75% 100% 150% Others Net Receivables After FKK and MRK Techniques
4 Receivables to Bank 368,780 - - - - - - - 368,780
Receivables to - - 2,847,675 - - - - - -
Securities Companies
and Other Financial
Services Institutions 1)
Portfolio Category 10% 15% 20% 25% 35% 50% 100% Others Net Receivables After FKK and MRK Techniques
5 Receivables are in the - - - - - - - - -
form of Covered Bonds
Net Receivables After
Portfolio Category 20% 50% 65% 75% 80% 85% 100% 130% 150% Others
FKK and MRK Techniques
6 Receivables to - 829,604 - - - - 8,866,894 - - - 9,696,498
General Corporations
2)
Receivables from - - - - - - - - - - -
securities companies
and other financial
services institutions 3)
Special Financing - - - - - - - - - - -
Exposure 4)
Portfolio Category 100% 150% 250% 400% Others Net Receivables After FKK and MRK Techniques
7 Receivables in the - - - - - -
form of Securities/
Subordinated
Receivables, Equity
and Other Capital
Instruments
Portfolio Category 45% 75% 85% 100% Others Net Receivables After FKK and MRK Techniques
8 Receivables on 160,323 46,301 - - - 206,623
Micro Businesses,
Small Businesses
and Retail Portfolio
Page 83
Corporate Governance Corporate Information Financial Statement Annual Report 83
Risk Management
Net
Receivables
Portfolio Category 0% 20% 25% 30% 35% 40% 45% 50% 60% 65% 70% 75% 85% 90% 100% 105% 110% 150% After FKK
and MRK
Techniques
9 Property Backed
Loans
Residential - 48,098 2,699 1,778 - - - 2,463,632 - - - - - - - - - - 2,516,207
Property-Backaged
Loans whose
Payments Are Not
Materially
Dependent on
Property Cash Flow
without credit - - - - - - - - - - - - - - - - - - -
sharing
approach 5)
using a credit - - - - - - - - - - - - - - - - - - -
distribution
approach
(guaranteed) 5)
using a credit - - - - - - - - - - - - - - - - - - -
sharing approach
(guaranteed) 5)
Residential - - - - - - - - - - - - - - - - - - -
Property-Backaged
Loans whose
Payments Depend
Materially on the
Property's Cash
Flows
Commercial Property- - - - - - - - 206,319 - - - - - - 2,708,292 - - - 2,914,611
Backed Loans Where
Payments Are Not
Materially Dependent
on Property Cash
Flows
without credit - - - - - - - - - - - - - - - - - - -
sharing
approach 5)
using a credit - - - - - - - - - - - - - - - - - - -
distribution
approach
(guaranteed) 5)
using a credit - - - - - - - - - - - - - - - - - - -
sharing approach
(guaranteed) 5)
Commercial Property- - - - - - - - - - - - - - - - - - - -
Backed Loans Where
Payments Depend
Materially on the
Property's Cash Flows
Land Acquisition, - - - - - - - - - - - - - - - - - - -
Land Processing
and Construction
Credit 5)
Portfolio Category 50% 100% 150% Others Net Receivables After FKK and MRK Techniques
10 Overdue Receivables 149,799 - - - 72,426
Portfolio Category 0% 20% 100% 150% 1250% Others Net Receivables After FKK and MRK Techniques
11 Other Assets 212,839 - 879,563 108,306 - - 1,200,708
Page 84
84 Opening Business and Functional Review Financial Review
Risk Management
Exposure Disclosure by Asset Class and Risk Weight (CR5) Cont
1) Bank Individually
Net Receivables (After
Net Receivables Statement TRA Net Receivables
No. Risk Weight Average FKK imposition of FKK and MRK
of Financial Position (before imposition of FKK)
Technique)
1 <40% 6,519,615 36,447 - 6,556,062
2 40%-70% 7,402,090 6,696,491 - 8,281,530
3 75% 42,420 134 - 42,554
4 85% - - - -
5 90%-100% 12,342,945 1,118,042 - 12,454,749
6 105%-130% - - -
7 150% 108,306 - - 108,306
8 250% - - - -
9 400% - - - -
10 1250% - - - -
11 Total Net Receivables 26,415,376 7,851,114 - 27,443,201
Qualitative Disclosure Regarding Counterparty Credit Risk
The Bank carries out comprehensive risk management, one of which is by monitoring Counterparty Credit Risk exposure every month, including
measuring the Potential Future Exposure (PFE) value.
CCR1: Analysis of Credit Risk Net Receivables due to counterparty failure based on the approach used
a b c d e f
No. Description Alpha is used for
Replacement Potential future
EEPE the calculation of Net Receivables RWA
cost (RC) exposure (PFE)
regulatory EAD
1 SA-CCR (for derivatives) - 1,317,854 - 1.40 1,844,996 368,999
2 Internal Model Method (for - - - - N/A N/A
derivatives and SFTs)
3 Simple Approach for credit risk - - - - N/A N/A
mitigation (for SFTs)
4 Comprehensive Approach for - - - - - -
credit risk mitigation (for SFTs)
5 VaR for SFTs - - - - N/A N/A
6 Total - - - - - 368,999
Qualitative Analysis
In accordance with SEOJK No.48/SEOJK.03/2017. Calculation of Credit Risk RWA due to counterparty failure (Counterparty Credit Risk) using a standard
approach method for derivative transactions using the Replacement Cost calculation analysis method for derivative transactions without margin.
CCR2: Capital Charge for Credit Valuation Adjustment (CVA)
a b
No. Description
Net Receivables RWA
Total portfolios subject to the Advanced CVA capital charge N/A N/A
1 (i) VaR component (including the 3×multiplier) N/A
2 (ii) Stressed VaR component (including the 3×multiplier) N/A
3 All portfolios subject to the Standardised CVA capital charge - -
4 Total subject to the CVA capital charge - -
Page 85
Corporate Governance Corporate Information Financial Statement Annual Report 85
Risk Management
CCR3 : CCR Exposure Based on Portfolio Category and Risk Weight
Risk Weight a b c d e f g h i
No. Total Net
Portfolio Category 0% 10% 20% 50% 75% 100% 150% Others
Receivables
Indonesia
1 Receivables to Government - - - - - - - - -
a. Receivables to the Indonesian
Government
b. Receivables to Governments of Other
Countries
2 Receivables on Public Sector Entities - - - - - - - - -
3 Receivables to Multilateral Development - - - - - - - - -
Banks and International Institutions
4 Receivables to Bank - - 1,844,996 - - - - - 1,844,996
a. Short Term Receivables - - 1,844,996 - - - - - 1,844,996
b. Long Term Receivables - - - - - - - - -
5 Receivables to Securities Companies and - - - - - - - - -
Other Financial Services Institutions
a. Short Term Receivables
b. Long Term Receivables
6 Receivables on Micro Businesses, Small - - - - - - - - -
Businesses and Retail Portfolios
7 Receivables on Corporations - - - - - - - - -
Counterparty Credit Risk - - 1,844,996 - - - - - 1,844,996
Qualitative Analysis
The increase in Net Receivables was due to an increase in the portfolio category of Receivables to other banks with a rating of 20%
CCR6 : Credit Derivative Net Receivables
a b
Protection bought Protection sold
Indonesia
Notional Value
Single-name credit default swaps - -
Index credit default swaps - -
Total return swaps - -
Credit options - -
Other credit derivatives - -
Total Notional Value - -
Fair value - -
Positive fair value (asset) - -
Negative fair value (liability) - -
SECA Explanation of Qualitative disclosures regarding securitization exposure
There is nothing about securitization exposure
Page 86
86 Opening Business and Functional Review Financial Review
Risk Management
SEC1: Securitization Exposure on the Banking Book
a b c e f g i j k
Bank as originator Bank as sponsor Bank as investor
Traditional Synthetic Sub-total Traditional Synthetic Sub-total Traditional Synthetic Sub-total
1 Retail (total) – among others
2 Housing loans - - - - - - - - -
3 Credit Card - - - - - - - - -
4 Other retail exposure - - - - - - - - -
5 Re-securitization - - - - - - - - -
6 Non-retail (total) – among others - - - - - - - - -
7 Corporate loan - - - - - - - - -
8 Commercial loan - - - - - - - - -
9 Rent and receivables - - - - - - - - -
10 Other non-retail - - - - - - - - -
11 Re-securitization - - - - - - - - -
SEC2: Securitization Exposure on the Trading Book
a b c e f g i j k
Indonesia Bank as originator Bank as sponsor Bank as investor
Traditional Synthetic Sub-total Traditional Synthetic Sub-total Traditional Synthetic Sub-total
1 Retail (total) – among others - - - - - - - - -
2 housing loan - - - - - - - - -
3 credit card - - - - - - - - -
4 other retail exposure - - - - - - - - -
5 re-securitization - - - - - - - - -
6 Non-retail (total) – among others - - - - - - - - -
7 corporate loan - - - - - - - - -
8 commercial loan - - - - - - - - -
9 rent and receivables - - - - - - - - -
10 other non-retail - - - - - - - - -
11 re-securitization - - - - - - - - -
SEC3 : Securitization exposure on the banking book when the bank is the originator or sponsor and its capital
requirements
a b c d e f g h i j k l m n o p q
Exposure value RWA
Exposure value
(based on regulatory (based on regulatory Capital charge after cap
(based on Risk Weight)
approach) approach)
No. Indonesia
>20% >50% to >100% to IRB
≤20% 1250% IRB RBA IRB RBA
to 50% 100% <1250% RBA IRB SA/ IRB SA/ IRB SA/
Risk Risk 1250% (include 1250% (include 1250%
Risk Risk Risk (include SFA SSFA SFA SSFA SFA SSFA
Weight Weight IAA) IAA)
Weight Weight Weight IAA)
1 Total exposure - - - - - - - - - - - - - - - - -
2 Traditional securitization - - - - - - - - - - - - - - - - -
3 Where is the underlying - - - - - - - - - - - - - - - - -
securitization
4 retail - - - - - - - - - - - - - - - - -
5 non-retail - - - - - - - - - - - - - - - - -
Page 87
Corporate Governance Corporate Information Financial Statement Annual Report 87
Risk Management
SEC3 : Securitization exposure on the banking book when the bank is the originator or sponsor and its capital
requirements
a b c d e f g h i j k l m n o p q
Exposure value RWA
Exposure value
(based on regulatory (based on regulatory Capital charge after cap
(based on Risk Weight)
approach) approach)
No. Indonesia
>20% >50% to >100% to IRB
≤20% 1250% IRB RBA IRB RBA
to 50% 100% <1250% RBA IRB SA/ IRB SA/ IRB SA/
Risk Risk 1250% (include 1250% (include 1250%
Risk Risk Risk (include SFA SSFA SFA SSFA SFA SSFA
Weight Weight IAA) IAA)
Weight Weight Weight IAA)
6 Where is the re-securitization - - - - - - - - - - - - - - - - -
7 senior - - - - - - - - - - - - - - - -
8 non-senior - - - - - - - - - - - - - - - - -
9 Synthetic securitization - - - - - - - - - - - - - - - - -
10 Where is the underlying - - - - - - - - - - - - - - - - -
securitization
11 retail - - - - - - - - - - - - - - - - -
12 non-retail - - - - - - - - - - - - - - - - -
13 Where is the re-securitization - - - - - - - - - - - - - - - - -
14 senior - - - - - - - - - - - - - - - - -
15 non-senior - - - - - - - - - - - - - - - - -
Qualitative Analysis
SEC4: Securitization exposure on the banking book and its capital requirements
a b c d e f g h i j k l m n o p
Capital charge
Exposure value (based on Risk Weight) Exposure Values RWA
after cap
≤20%
No. Indonesia Risk >20% >50% >100%
Weight to to to 1250%
IRB IRB SA/ IRB IRB SA/ IRB IRB SA/
50% 100% <1250% Risk 1250% 1250% 1250%
RBA SFA SSFA RBA SFA SSFA RBA SFA SSFA
Risk Risk Risk Weight
Weight Weight Weight
1 Total exposure
2 Traditional securitization - - - - - - - - - - - - - - - - -
3 Where is the underlying - - - - - - - - - - - - - - - - -
securitization
4 retail - - - - - - - - - - - - - - - - -
5 non-retail - - - - - - - - - - - - - - - - -
6 Where is the re-securitization - - - - - - - - - - - - - - - - -
7 senior - - - - - - - - - - - - - - - - -
8 Non-senior - - - - - - - - - - - - - - - - -
9 Synthetic securitization - - - - - - - - - - - - - - - - -
10 Where is the underlying - - - - - - - - - - - - - - - - -
securitization
11 retail - - - - - - - - - - - - - - - - -
12 non-retail - - - - - - - - - - - - - - - - -
13 Where is the re-securitization - - - - - - - - - - - - - - - - -
14 senior - - - - - - - - - - - - - - - - -
15 Non-senior - - - - - - - - - - - - - - - - -
Qualitative Analysis
Page 88
88 Opening Business and Functional Review Financial Review
Risk Management
Disclosure of Net Receivables Based on Portfolio Categories and Rating Scale - Bank Individually
Rating Agencies
Long-Term Rating
Standard and Poor's AAA AA+ s.d AA- A+ s.d A- BBB+ s.d BBB- BB+ s.d BB-
No. Portfolio Category Fitch Ratings AAA AA+ s.d AA- A+ s.d A- BBB+ s.d BBB- BB+ s.d BB-
Moody's Aaa Aa1 s.d Aa3 A1 s.d A3 Baa1 s.d Baa3 Ba1 s.d Ba3
PT Fitch Ratings AAA (idn) AA+(idn) s.d A+(idn) s.d. A-(idn) BBB+(idn) s.d BB+(idn) s.d
Indonesia AA-(idn) BBB-(idn) BB-(idn)
PT Pemeringkat idAAA idAA+ s.d idAA- idA+ s.d id A- id BBB+ s.d id id BB+ s.d id BB-
Efek Indonesia BBB-
(1) (2) (3) (4) (5) (6) (7) (8)
1. Receivables to Government - - - - - -
2. Receivables to Public Sector Entities - - - - - -
3. Receivables to Multilateral Development - - - - - -
Bank and International Institutions
4. Receivables to Bank - - - - - -
5. Residential-Backed Loan - - - - - -
6. Commercial Property-Backed Loans - - - - - -
7. Employee/Retiree Loans - - - - - -
8. Receivables to Micro, Small Businesses, - - - - - -
and Retail Portfolio
9. Receivables to Corporations - - - - - -
10. Past Due Receivables - - - - - -
11. Other Assets - - - - - -
Total - - - - - -
Rating Agencies
Long-Term Rating
AAA AA+ s.d AA- A+ s.d A- BBB+ s.d BBB- BB+ s.d BB- BB+ s.d BB-
No. Portfolio Category AAA AA+ s.d AA- A+ s.d A- BBB+ s.d BBB- BB+ s.d BB- BB+ s.d BB-
Aaa Aa1 s.d Aa3 A1 s.d A3 Baa1 s.d Baa3 Ba1 s.d Ba3 Ba1 s.d Ba3
AAA (idn) AA+(idn) s.d A+(idn) s.d. BBB+(idn) s.d BB+(idn) s.d BB+(idn) s.d
AA-(idn) A-(idn) BBB-(idn) BB-(idn) BB-(idn)
idAAA idAA+ s.d idAA- idA+ s.d id A- id BBB+ s.d id BBB- id BB+ s.d id BB- id BB+ s.d id BB-
(1) (2) (3) (4) (5) (6) (7) (8)
1. Receivables to Government - - - - - -
2. Receivables to Public Sector Entities - - - - - -
3. Receivables to Multilateral Development - - - - - -
Bank and International Institutions
4. Receivables to Bank - - - - - -
5. Residential-Backed Loan - - - - - -
6. Commercial Property-Backed Loans - - - - - -
7. Employee/Retiree Loans - - - - - -
8. Receivables to Micro, Small Businesses, - - - - - -
and Retail Portfolio
9. Receivables to Corporations - - - - - -
10. Past Due Receivables - - - - - -
11. Other Assets - - - - - -
Total - - - - - -
The bank does not have a subsidiary, thus the Disclosure of Net Receivables Based on Portfolio Categories and Rating Scale - Consolidated
Banks with Subsidiaries is Zero.
Page 89
Corporate Governance Corporate Information Financial Statement Annual Report 89
Risk Management
(in million IDR)
31 December 2023
Net Receivables
Short Term Rating
B+ s.d B- Lower than B- F1+ s.d F1 F2 F3 Lower than A-3
B+ s.d B- Lower than B- P-1 P-2 P-3 Lower than F3
B1 s.d B3 Lower than B3 F1+(idn) s.d F1(idn) F2(idn) F3(idn) Lower than P-3 Without Rating Total
B+(idn) s.d B-(idn) Lower than B-(idn) idA1 idA2 idA3 s.d id A4 Lower than F3(idn)
id B+ s.d id B- Lower than idB- idA1 idA2 idA3 s.d id A4 Lower than idA4
(9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - -
- - - - - - 1,626,646 1,626,646
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - 17,733,331 17,733,331
- - - - - - - 19,359,977
31 December 2022
Net Receivables
Short Term Rating
B+ s.d B- Lower than B- A-1 A-2 A-3 Lower than A-3
B+ s.d B- Lower than B- F1+ s.d F1 F2 F3 Lower than F3
B1 s.d B3 Lower than B3 P-1 P-2 P-3 Lower than P-3 Without Rating Total
B+(idn) s.d B-(idn) Lower than B-(idn) F1+(idn) s.d F1(idn) F2(idn) F3(idn) Lower than F3(idn)
id B+ s.d id B- Lower than idB- idA1 idA2 idA3 s.d id A4 Lower than idA4
(9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - -
- - - - - - 2,082,522 2,082,522
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - 12,888,743 12,888,743
- - - - - - - -
- - - - - - 1,716,020 1,716,020
- - - - - - - -
- - - - - - - 16,687,285
Page 90
90 Opening Business and Functional Review Financial Review
Risk Management
Disclosure of Net Receivables Based on Risk Weight after Taking into account the Impact of Credit Risk Mitigation - Bank
Individually
(in million IDR)
31 December 2023
Risk-
Net Receivables after Calculating Risk Mitigation Impact Capital
Portfolio Category Weighted
Expenses
Assets
0% 20% 35% 40% 45% 50% 75% 100% 150% Others
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)
Balance Sheet Exposures
Receivables to Government - - - - - - - - - - - -
Receivables to Public Sector Entities - 496,219 - 496,219 -
Receivables to Multilateral Development - - - - - - - - - - - -
Bank and International Institutions
Receivables to Bank - 77,355 - - - - - - - - 77,355 -
Receivables to Securities Companies - - - 1,126,076 - - - - - - 1,126,076 -
and Other Financial Services Institutions
Residential-Backed Loan - 10,099 - - - 1,224,527 - - - - 1,234,625 -
Commercial Property-Backed Loans - - - - - 103,160 - 2,596,488 - - 2,699,648 -
Employee/Retiree Loans - - - - - - - - - - - -
Receivables to Micro, Small Businesses, - - - - 69,787 - 31,815 - - - 101,602 -
and Retail Portfolio
Receivables to Corporations - - - - - 19,164 - 7,153,188 7,172,352 -
Past Due Receivables - - - - - - - - - - - -
Other Assets - - - - - - - 977,735 - - 977,735 -
Total Exposures of Balance Sheet - 87,454 - 1,126,076 69,787 1,843,069 31,815 10,727,411 - - 13,885,611 -
Exposure of Committed/Contingent Liability on Administrative Account Transactions
Receivables to Government - - - - - - - - - - - -
Receivables to Public Sector Entities 13,294 13,294 -
Receivables to Multilateral Development - - - - - - - - - - - -
Bank and International Institutions
Receivables to Bank - - - - - - - - - - - -
Receivables to Securities Companies - - - 12,994 - - - - - - 12,994 -
and Other Financial Services Institutions
Residential-Backed Loan - 729 - - - 7,289 - - - - 8,018 -
Commercial Property-Backed Loans - - - - - - - 111,804 - - 111,804 -
Employee/Retiree Loans - - - - - - - - - - -
Receivables to Micro, Small Businesses, - - - - 2,358 - 2,910 - - - 5,268 -
and Retail Portfolio
Receivables to Corporations - - - - - - - 829,604 - - 829,604 -
Past Due Receivables - - - - - - - - - - - -
Total Exposures of Administrative - 729 - 12,994 2,358 20,583 2,910 941,408 - - 980,983 -
Account Transactions
Credit Risk Exposure due to Counterparty Credit Risk
Receivables to Government 1,055,336 - - - - - - - - - 1,055,336 -
Receivables to Public Sector Entities - - - - - - - - - - - -
Receivables to Multilateral Development - - - - - - - - - - - -
Bank and International Institutions
Receivables to Bank - - - - - - - - - - - -
Receivables to Micro, Small Businesses, - - - - - - - - - - - -
and Retail Portfolio
Receivables to Corporations - - - - - - - - - - - -
Total Exposures of Counterparty 1,055,336 - - - - - - - - - 1,055,336 -
Credit Risk
Page 91
Corporate Governance Corporate Information Financial Statement Annual Report 91
Risk Management
Disclosure of Net Receivables Based on Risk Weight after Taking into account the Impact of Credit Risk Mitigation - Bank
Individually
(in million IDR)
31 December 2022
Risk-
Net Receivables after Calculating Risk Mitigation Impact Capital
Portfolio Category Weighted
Expenses
Assets
0% 20% 35% 40% 45% 50% 75% 100% 150% Lainnya
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)
Balance Sheet Exposures
Receivables to Government - - - - - - - - - - - -
Receivables to Public Sector Entities - - - - - 724,202 - - - - 724,202 -
Receivables to Multilateral Development - - - - - - - - - - - -
Bank and International Institutions
Receivables to Bank - 55,887 - - - - - - - - 55,887 -
Receivables to Securities Companies - - - - - - - - - - - -
and Other Financial Services Institutions
Residential-Backed Loan - 1,788 209,628 - - - - - - - 211,416 -
Commercial Property-Backed Loans - - - - - - - 33,508 - - 33,508 -
Employee/Retiree Loans - - - - - - - - - - - -
Receivables to Micro, Small Businesses, - - - - - - 401,063 - - - 401,063 -
and Retail Portfolio
Receivables to Corporations - - - - - - - 11,607,801 - - 11,607,801 -
Past Due Receivables - - - - - - - 8,297 220,058 - 228,355 -
Other Assets - - - - - - - - - - 960,867 -
Total Exposures of Balance Sheet - 57,675 209,628 - - 724,202 401,063 11,649,606 220,058 960,867 14,223,098 -
Exposure of Committed/Contingent Liability on Administrative Account Transactions
Receivables to Government - - - - - - - - - - - -
Receivables to Public Sector Entities - - - - - 151,321 - - - - 151,321 -
Receivables to Multilateral Development - - - - - - - - - - - -
Bank and International Institutions
Receivables to Bank - - - - - - - - - - - -
Receivables to Securities Companies - - - - - - - - - - - -
and Other Financial Services Institutions
Residential-Backed Loan - - - - - - - - - - - -
Commercial Property-Backed Loans - - - - - - - 180 - - 180 -
Employee/Retiree Loans - - - - - - - - - - -
Receivables to Micro, Small Businesses, - - - - - - 14,162 - - - 14,162 -
and Retail Portfolio
Receivables to Corporations - - - - - - - 1,899,985 - - 1,899,985 -
Past Due Receivables - - - - - - - - - - - -
Total Exposures of Administrative - - - - - 151,321 14,162 1,900,165 - - 2,065,647 -
Account Transactions
Credit Risk Exposure due to Counterparty Credit Risk
Receivables to Government - - - - - - - - - - - -
Receivables to Public Sector Entities - - - - - - - - - - - -
Receivables to Multilateral Development - - - - - - - - - - - -
Bank and International Institutions
Receivables to Bank - - - - - - - - - - - -
Receivables to Micro, Small Businesses, - - - - - - - - - - - -
and Retail Portfolio
Receivables to Corporations - - - - - - - - - - - -
Total Exposures of Counterparty - - - - - - - - - - - -
Credit Risk
The Bank does not have a subsidiary; thus, the Disclosure of Net Receivables Based on Risk Weight After Calculating the Impact of Credit Risk
Mitigation in a Consolidated Bank with Subsidiary Companies is Zero.
Page 92
92 Opening Business and Functional Review Financial Review
Risk Management
Disclosure of Net Receivables and Credit Risk Mitigation Techniques - Bank Individually
(in million IDR)
31 December 2023 31 December 2022
Guaranteed Parts With Parts that Guaranteed Parts With Parts that
No. Portfolio Category Net Net
are Not are Not
Receivables Credit Receivables Credit
Collateral Guarantee Others Guaranteed Collateral Guarantee Others Guaranteed
Insurance Insurance
(1) (2) (3) (4) (5) (6) (7) (8) = (3)-[(4)+ (9) (10) (11) (12) (13) (14) =
(5)+ (6)+ (7)] (9)- [(10)+
(11)+ (12)+
(13)]
A Balance Sheet Exposures
1 Receivables to Government 5,889,066 5,889,066 - - - - 3,029,012 3,029,012 - - - -
2 Receivables to Public Sector Entities 1,626,646 634,209 992,437 2,082,522 634,118 - - - 1,448,404
3 Receivables to Multilateral - - - - - - - - - - - -
Development Bank and
International Institutions
4 Receivables to Bank 386,775 - - - - 386,775 279,435 - - - - 279,435
5 Receivables to Securities 2,815,190 - - - - 2,815,190 - - - - - -
Companies and Other Financial
Services Institutions
6 Residential-Backed Loan 2,497,984 7,193 - - - 2,490,791 607,472 - - - - 607,472
7 Commercial Property-Backed Loans 2,802,807 561 - - - 2,802,246 33,508 - - - - 33,508
8 Employee/Retiree Loans - - - - - - - - - - - -
9 Receivables to Micro, Small 197,503 119,413 - - - 78,090 546,985 12,234 - - - 534,751
Businesses, and Retail Portfolio
10 Receivables to Corporations 8,866,894 329,202 2,769,009 - - 5,768,683 12,888,743 2,206,030 - - - 10,682,713
11 Past Due Receivables 149,799 - - - - 149,799 155,002 - - - - 155,002
12 Other Assets 1,136,420 - - - - 1,136,420 1,108,504 - - - - 1,108,504
Total Exposures of Balance 26,369,084 6,979,644 - - - 16,620,431 20,731,183 5,881,394 - - - 14,849,789
Sheet
B Administrative Account Transaction Exposures
1 Receivables to Government - - - - - - - - - - - -
2 Receivables to Public Sector Entities 265,878 - - - - 265,878 302,641 - - - 302,641
3 Receivables to Multilateral - - - - - - - - - - - -
Development Bank and
International Institutions
4 Receivables to Bank - - - - - - - - - - - -
5 Receivables to Securities 324,851 - - - - 324,851 - - - - - -
Companies and Other Financial
Services Institutions
6 Residential-Backed Loan 182,237 - - - - 182,237 - - - - - -
7 Commercial Property-Backed 1,118,042 - - - - 1,118,042 180 - - - - 180
Loans
8 Employee/Retiree Loans - - - - - - - - - - - -
9 Receivables to Micro, Small 80,069 - - - - 80,069 19,040 157 - - - 18,883
Businesses, and Retail Portfolio
10 Receivables to Corporations 4,890,805 - - - - 4,890,805 1,903,320 3,335 - - - 1,899,985
11. Past Due Receivables - - - - - - - - - - - -
Total Exposures of 6,861,882 - - - - 6,861,882 2,225,180 3,492 - - - 2,221,688
Administrative Account
Transaction
C Credit Risk Exposure due to Counterparty Credit Risk
1 Receivables to Government - - - - - - 3,926,033 - - - - 3,926,033
2 Receivables to Public Sector - - - - - - - - - - - -
Entities
3 Receivables to Multilateral - - - - - - - - - - - -
Development Bank and
International Institutions
4 Receivables to Bank - - - - - - - - - - - -
5 Receivables to Micro, Small 10,599 - - - - 10,599 - - - - - -
Businesses, and Retail Portfolio
6 Receivables to Corporations 978,633 - - - - 978,633 - - - - - -
Total Credit Risk Exposure due 989,232 - - - - 989,232 6,371,773 - - - - 6,371,773
to Counterparty Credit Risk
TOTAL(A+B+C) 34,220,198 6,979,644 - - - 24,471,545 29,328,136 5,884,886 - - - 23,443,250
The Bank does not have a subsidiary; thus, Disclosure of Net Receivables and Credit Risk Mitigation Techniques in Consolidated Banks with
Subsidiaries is Zero.
Page 93
Corporate Governance Corporate Information Financial Statement Annual Report 93
Risk Management
Disclosure of Credit Risk RWA Calculation Using Standard Approach
1. Asset Exposure in The Statement of Financial Position, Except Securitization Exposure
(in million IDR)
31 December 2023 31 December 2022
No. Portfolio Category
Net RWA Before RWA After Net RWA Before RWA After
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1. Receivables to Government 5,889,066 - - 3,029,012 - -
a. Receivables to the Government of Indonesia 5,889,066 - - 3,029,012 - -
b. Receivables to Government of Other Countries - - - - - -
2. Receivables to Public Sector Entities 1,626,646 813,323 496,219 2,082,522 1,041,261 724,202
3. Receivables to Multilateral Development Banks - - - - - -
and International Institutions
4. Receivables to Bank 386,775 77,355 77,355 279,435 55,887 55,887
a. Short Term Receivables 184,164 36,833 36,833 279,435 55,887 55,887
b. Long Term Receivables 202,611 40,522 40,522 - - -
5. Receivables to Securities Companies and Other 2,815,190 1,126,076 1,126,076 - - -
Financial Services Institutions
a. Short Term Receivables - - - - - -
b. Long Term Receivables 2,815,190 1,126,076 1,126,076 - - -
6. Home-Backed Loans 2,497,984 1,234,625 1,233,187 607,472 211,416 211,416
7. Commercial Property-Backed Loans 2,802,807 2,699,648 2,699,087 33,508 33,508 33,508
8. Employee or Retired Loans - - - - - -
9. Receivables to Micro, Small Business, and Retail 197,503 101,602 47,867 546,985 410,239 401,063
Portfolio
10. Receivables to Corporations 8,866,894 8,866,894 7,153,188 12,888,743 12,888,743 11,607,801
11. Past Due Receivables 149,799 74,900 74,900 155,002 228,355 228,355
a. Residential-Backed Loans - - - 8,297 8,297 8,297
b. Except Residential-Backed Loans 149,799 74,900 74,900 146,705 220,058 220,058
12. Other Assets 1,136,420 - 977,734 1,108,504 - 960,867
a. Cash, gold and commemorative coin 212,839 - - 217,290 - -
b. Investments (other than those that are a factor - - - - - -
in reducing capital)
1) Temporary equity participation for credit - - - - - -
restructuring
2) Investments in financial companies not - - - - - -
listed on the stock exchange
3) Investments in financial companies - - - - - -
listed on the stock exchange
c. Fixed assets and net inventory 798,577 - 798,577 730,695 - 730,695
d. Foreclosed Collateral (AYDA) 108,306 - 162,459 139,306 - 208,959
e. Net interoffice - - - - - -
f. Others 16,698 - 16,698 21,213 - 21,213
TOTAL 26,369,084 14,994,423 13,885,610 20,731,183 14,869,408 14,223,098
Page 94
94 Opening Business and Functional Review Financial Review
Risk Management
2. Disclosure of Commitment/Contingent Liability Exposure in Administration Account Transaction Except Securitization
Exposure
(in million IDR)
31 December 2023 31 December 2022
No. Portfolio Category Net RWA Before RWA After Net RWA Before RWA After
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1. Receivables to Government - - - - - -
a. Receivables to the Government of Indonesia - - - - - -
b. Receivables to Government of Other Countries - - - - - -
2. Receivables to Public Sector Entities 26,588 13,294 13,294 302,641 151,321 151,321
3. Receivables to Multilateral Development Banks - - - - - -
and International Institutions
4. Receivables to Bank - - - - - -
a. Short Term Receivables - - - - - -
b. Long Term Receivables - - - - - -
5. Receivables to Securities Companies and Other 32,485 12,994 12,994 - - -
Financial Services Institutions
a. Short Term Receivables - - - - - -
b. Long Term Receivables 32,485 12,994 12,994 - - -
6. Home-Backed Loans 18,224 8,018 8,018 - - -
7. Commercial Property-Backed Loans 111,804 111,804 111,804 180 180 180
8. Employee or Retired Loans - - - - - -
9. Receivables to Micro, Small Business, and Retail 9,120 5,268 5,268 19,040 14,280 14,162
Portfolio
10. Receivables to Corporations 829,604 829,604 829,604 1,903,320 1,903,320 1,899,985
11. Past Due Receivables - - - - - -
a. Residential-Backed Loans - - - - - -
b. Except Residential-Backed Loans - - - - - -
TOTAL 1,027,825 980,983 980,983 2,225,180 2,069,100 2,065,647
3. Disclosure of Exposure Causing Credit Risk due to Counterparty Credit Risk
(in million IDR)
31 December 2023 31 December 2022
No. Portfolio Category Net RWA Before RWA After Net RWA Before RWA After
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1. Receivables to Government 1,055,336 - - 3,926,033 - -
a. Receivables to the Government of Indonesia 1,055,336 - - 3,926,033 - -
b. Receivables to Government of Other Countries - - - - - -
2. Receivables to Public Sector Entities - - - - - -
3. Receivables to Multilateral Development Banks - - - - - -
and International Institutions
4. Receivables to Bank - - - - - -
a. Short Term Receivables - - - - - -
b. Long Term Receivables - - - - - -
5. Receivables to Micro, Small Business, and Retail - - - - - -
Portfolio
6. Receivables to Corporations - - - - - -
TOTAL 1,055,336 - - 3,926,033 - -
Page 95
Corporate Governance Corporate Information Financial Statement Annual Report 95
Risk Management
4. Disclosure of Exposures Causing Credit Risk due to Settlement Risk
(in million IDR)
31 December 2023 31 December 2022
No. Portfolio Category Capital Capital
Exposure Exposure
Deduction RWA Deduction RWA
Value Value
Factor Factor
(1) (2) (3) (4) (5) (6) (7) (8)
1. Delivery versus payment - - - - - -
a. Capital Expense 8% (5-15 days) - - - - - -
b. Capital Expense 50% (16-30 days) - - - - - -
c. Capital Expense 75% (31-45 days) - - - - - -
d. Capital Expense 100% (lebih dari 45 days) - - - - - -
2. Non-delivery versus payment - - - - - -
TOTAL - - - - - -
5. Disclosure of Securitization Exposure
(in million IDR)
31 December 2023 31 December 2022
No. Jenis Transaksi Capital Deduction Capital Deduction
RWA RWA
Factor Factor
(1) (2) (3) (4) (5) (6)
1. RWA for Securitization Exposure calculated using the - - - -
External Rating Base Approach (ERBA) Method.
2. RWA for Securitization Exposure calculated using the - - - -
Standardized Approach (SA) Method.
3. Securitization Exposure which is a Deducation Factor - - - -
of the Main Core Capital
TOTAL - - - -
Page 96
96 Opening Business and Functional Review Financial Review
Risk Management
6. Disclosure of Derivative Exposure
(in million IDR)
31 December 2023 31 December 2022
No. Portfolio Category Net RWA Before RWA After Net RWA Before RWA After
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1. Receivables to Government - - - - - -
a. Receivables to the Government of Indonesia - - - - - -
b. Receivables to Government of Other Countries - - - - - -
2. Receivables to Public Sector Entities - - - - - -
3. Receivables to Multilateral Development Banks and - - - - - -
International Institutions
4. Receivables to Bank 1,844,996 368,999 - - - -
a. Short Term Receivables 1,844,996 368,999 - - - -
b. Long Term Receivables - - - - - -
5. Receivables to Micro, Small Business, and Retail Portfolio - - - - - -
6. Receivables to Corporations - - - - - -
7. Weighted exposure form Credit Valuation - - - - - -
Adjustment (CVA risk weighted assets)
TOTAL 1,844,996 368,999 - - - -
7. Disclosure of Total Credit Risk Measurement
(in million IDR)
Description 31 Dec 2023 31 Dec 2022
TOTAL CREDIT RISK RWA (A) 15,235,593 16,844,943
CREDIT RISK RWA REDUCTION FACTORS:The excess difference between PPKA general (B) 1,345,737 556,198
reserves for productive assets that must be calculated and 1.25% RWA for Credit Risk.
TOTAL CREDIT RISK RWA (A) - (B) (C) 13,889,856 16,288,745
TOTAL CAPITAL DEDUCTION FACTOR (D) -
Page 97
Corporate Governance Corporate Information Financial Statement Annual Report 97
Risk Management
Market Risk Management Market - Trading Book
Market risk is the risk that the fair value or future cash flows of a Trading book market risk is the potential loss caused by changes
financial instrument will fluctuate due to changes in market variables, in interest rates and exchange rates on the trading portfolio. During
which include changes in interest rates, exchange rates, including 2023, the exposure of the Bank's trading book is still very limited
derivative instruments, as well as micro and macro economic and simple. Any price changes that occur can be managed fairly
conditions. well and will not have a significant impact on Bank capital.
Market risk management is carried out on the position of financial Market Risk - Banking Book
instruments in the trading book and banking book. Market risk in
the trading book is measured by various methodologies, one of Banking book market risk is caused by movements in exchange
which is Value at Risk (VaR) which takes into account potential rates and interest rates on banking book activities that can be
losses within a period with a certain level of confidence. detrimental to banks. Banking book market risk management
arising from treasury activities and balance sheet position is
Market risk management, among others, is carried out on the adjusted to the strategies and policies set by Management through
following matters: the decisions of the asset and liability committee. Every change
a. The readiness of human, operational and IT resources capable in interest rates and exchange rates for banking book activities
of supporting market risk management in accordance with is managed by optimizing the structure of the bank's balance
the bank's business plan in product development that has the sheet to get maximum returns according to the level of risk that
potential to cause market risk exposure. Increasing the number is acceptable to the bank or the economic value of bank capital
of adequate human resources through the recruitment process (economic value perspective).
and improving the quality of human resources through the
training process. Sources of risk in banking book interest rates are repricing risk
b. Monitoring and reporting the magnitude of Market Risk, (mismatch between asset and liability components), basis risk (use
macroeconomics on the entire Bank's portfolio exposed to of different reference rates), option risk (repayment of loan or
Market Risk. withdrawal of deposits before maturity).
c. Monitoring and reporting on compliance with Market Risk
limits (realization of Market Risk exposure compared to the Pricing Management
limit).
d. Recommendations for follow-up on the occurrence of exceeding To maximize Net Interest Margin (NIM), the Bank implements a
the limit and/or the occurrence of abnormal market conditions, pricing policy for Fund products and credit products by considering
and/or the occurrence of other conditions that lead to an competitive market conditions. Apart from that, the Bank considers
increase in potential Market Risk. liquidity conditions and Fund needs. In order to minimize interest
e. Ensuring that the amount of bank capital required is sufficient rate risk, the Bank's credit interest rate will be adjusted to the fund
to cover the market risk of the trading book and banking book. interest rate. The Bank's loan interest rate is determined by taking
f. Stress testing simulation on the worst possible market impact into account the reserve requirement (GWM) fee and the Bank's
on the Bank's portfolio. profit margin while still taking into account the competitiveness
with the main competitors.
Development of a market risk exposure measurement system,
among others through simulation of 99% VaR calculation using The Bank publishes the Prime Lending Rate in Rupiah through
statistical methods to measure the ability of the Bank's capital announcements in each of the Bank's branch offices, the Bank's
to absorb potential losses. Based on policies, procedures and website and newspapers.
SOPs.
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98 Opening Business and Functional Review Financial Review
Risk Management
Market Risk Disclosure Using Standard Methods
(in million IDR)
31 December 2023 31 December 2022
No. Risk Type Individual Consolidated Individual Consolidated
Capital Capital Capital Capital
RWA RWA RWA RWA
Expense Expense Expense Expense
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1. Interest Rate Risk
a. Specific Risk - - - - - - - -
b. General Risk 27,285 341,067 - - 11,020 137,745 - -
2. Exchange Rate Risk 829 10,364 - - 1,914 23,922 - -
3. Equity Risk *) - - - - - - - -
4. Commodity Risk *) - - - - - - - -
5. Option Risk - - - - - - - -
Total 28,114 351,431 - - 12,933 161,667 - -
Interest Rate Risk in Banking Book - Report on the Implementation of Risk Management
for IRRBB
IRRBB (Interest Rate Risk in the Banking Book) is the risk due to interest rate movements in the market that are contrary to the position of
the Banking Book, which has the potential to impact the Bank's equity and earnings, both now and in the future. IRRBB measurement is
carried out by determining the gap between interest rate sensitive assets, interest rate sensitive liabilities, and interest rate sensitive
contingent commitments between bucket repricing maturities then simulated with changes in the Bank’s interest rates.
Interest rate risk control is carried out by minimizing the repricing maturities gap on each time scale (bucket) between interest rate
sensitive assets, interest rate sensitive liabilities, and interest rate sensitive contingent commitments through the asset liability management
strategy.
The risk management strategy for IRRBB is implemented by minimizing the repricing maturities gap for each bucket between interest
rate sensitive assets, interest rate sensitive liabilities, and the Bank's interest rate sensitive contingency commitments. The interest rate
shock scenario and stress test scenario used by the Bank in calculating IRRBB using the EVE and NII approaches, namely 400 basis point
interest rate change with 6 types of interest rate shock scenarios used, namely:
1. Shock rate parallel up
2. Shock rate parallel down
3. Short down long up
4. Short up long down
5. Shock rate shock up
6. Shock rate shock down
The modeling assumptions used in the IRRBB calculation use a standard approach in accordance with FSA Circular Letter No.12/
SEOJK.03/2018. Currently, the Bank does not yet have other modeling assumptions to be used significantly in the Bank's internal
measurement system (IMS).
In calculating ΔEVE, the Bank takes into account all cash flows excluding margin. In the calculation process, the cash flows that have been
classified in 19 time buckets are multiplied by the reference interest rate and then discounted at the risk-free rate at the reporting date.
The average repricing maturity period applied to Non Maturity Deposits (NMD) is in the over-night time bucket of up to 1 month. The
longest repricing maturity period applied to NMD is in the time bucket >4Y to ≤5Y specifically for transactional retail NMD.
Page 99
Corporate Governance Corporate Information Financial Statement Annual Report 99
Risk Management
Interest Rate Risk in Banking Book - IRRBB Calculation Report
Table of Report on the Application of Risk Management for Interest Rate Risk in Banking Book (IRRBB).
Report Position: 31 December 2023
(In million IDR)
Δ EVE Δ NII
Period
2023 2022 2023 2022
Parallel up (127,925) (12,228) 255,213 357,824
Parallel down (511,377) (467,523) (255,213) (357,824)
Steepener (225,994) (53,029)
Flattener 282,082 85,906
Short rate up 368,468 210,045
Short rate down (550,809) (312,736)
Negative Maximum Value (absolute) 550,809 467,523 255,213 357,824
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 6,069,256 5,759,008 923,196 833,368
Maximum Value divided by Tier 1 Capital (for ΔEVE) or 9.08% 8.12% 27.64% 42.94%
Projected Income (for ΔNII)
Liquidity Risk (LIQA)
Liquidity risk is the risk resulting from the Bank's inability to meet maturing obligations from cash flow funding sources and/or from high
quality liquid assets that can be pledged as collateral, without disrupting the Bank's activities and financial condition.
Liquidity risk can be categorized as:
1. Market liquidity risk, namely the risk that arises because the Bank is unable to liquidate certain positions at market prices due to illiquid
market liquidity conditions or market disturbances.
2. Funding liquidity risk, namely the risk that arises because the Bank is unable to liquidate liquid assets or obtain funding.
Bank liquidity is influenced by funding structure, asset liquidity, liabilities to counterparties, and credit commitments to debtors. The Bank's
liquidity risk is measured through several indicators, including the Net Stable Funding Ratio (NSFR), Liquidity Coverage Ratio (LCR), Loan
to Deposit Ratio (LDR), and several other liquidity ratios.
Liquidity risk management, among others, is carried out as follows:
a. The readiness of human, operational and IT resources capable of supporting liquidity risk management in accordance with the bank's
business plan in developing products that have the potential to cause liquidity risk exposure. Increasing the number of adequate
human resources through the recruitment process and improving the quality of human resources through the training process.
b. Management of liquidity ratios within normal limits which include the ratio of LDR, NSFR, LCR, Liquid Assets Ratio to Non Core Deposit
(ALNCD), etc. This is to mitigate the bank's ability to meet its short-term obligations.
c. CCB Indonesia also proactively manages the core deposit base at an adequate level and ensures that existing liquidity limits are
adhered to.
d. Liquidity risk management is carried out through setting policies, setting limits and monitoring liquidity risk management.
e. Maintain primary reserves in the form of Statutory Reserves in accordance with the provisions of the Financial Services Authority and
provide optimal cash balances in accordance with customer behavior patterns.
f. Maintain secondary reserves in the form of Bank Indonesia Certificates, other Bank Indonesia Facilities, Securities that are easy to trade.
Secondary reserve is a tool in anticipating unexpected liquidity needs.
g. In dealing with the liquidity crisis, the Bank has prepared a Contingency Funding Plan document. The Contingency Funding Plan
includes policies, strategies, procedures and action plans to ensure the Bank's ability to obtain the required funding sources in a timely
manner and at a reasonable cost.
h. Maintain sufficient market access.
i. Have an adequate liquidity risk management information system.
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100 Opening Business and Functional Review Financial Review
Risk Management
Bank Risk Management Approach (OVA)
Item Approach Parameters General Disclosure
a. How the business model is determined - CCB Indonesia (the Bank) views that the implementation of risk management is part of the
and interacts with the overall risk profile implementation of compliance with laws and regulations and part of the precautionary principle
(ie the main risks related to the business in carrying out business activity strategies in an effort to respond to rapidly growing external and
model and how each risk is disclosed) internal banking dynamics, maintain the soundness of the bank and ensure that the business
and how the bank's risk profile interacts activities carried out by the Bank do not cause losses that exceed the Bank's ability or that may
with the risk tolerance that has been disrupt the continuity of the Bank's business.
approved by the board of directors.
- The implementation of risk management carried out by the Bank includes planning, strategy,
organization, policies and procedures, as well as risk management methodology. The purpose of
implementing risk management is to ensure that all risks faced by the Bank can be identified,
measured, monitored, controlled and communicated appropriately.
- Risk Management Implementation Policy refers to the provisions and regulations of the Financial
Services Authority, including Number: 18/POJK.03/2016 dated March 16, 2016 concerning the
Implementation of Risk Management for Commercial Banks and Financial Services Authority
Circular Letter Number: 34/SEOJK.03/2016 dated September 01, 2016 concerning Implementation
of Risk Management for Commercial Banks (with attachments), Financial Services Authority
Regulation Number 17/2023 dated September 14, 2023 concerning Implementation of Governance
for Commercial Banks, Financial Services Authority Circular Letter Number 13/SEOJK.03/2017
dated March 17, 2017 concerning Implementation of Governance for Commercial Banks and POJK
No.13/POJK.03/2021 concerning Implementation of Commercial Bank Products. The Bank has
internal policies in the form of General Policies and General Risk Management Guidelines ("KPU")
which aim to ensure that the risks faced by the Bank can be identified, measured, controlled and
reported properly. This KPU is reviewed periodically and adjusted accordingly. POJK/SEOJK and
other provisions.
- The implementation of risk management at CCB Indonesia always complies with the regulations
set by the Regulator and refers to banking industry best practices. All reports related to Bank
products and/or activities have been submitted to Regulators properly and on time.
- The implementation of the Bank's Risk Management in principle refers to the pillars and provisions
contained in regulatory authorities as well as improving the quality of risk management implementation
in line with developments in the implementation of the Basel framework which is adjusted to the
goals, policies, size and business complexity, as well as adjusting the Bank's capabilities and best
practices. The implementation of risk management is carried out on an ongoing basis to achieve
healthy and sustainable business growth and operational activities as well as to ensure that it
generates optimal returns in accordance with the determined risk appetite and risk tolerance.
- In carrying out its business, the Bank is faced with inherent risks in all business activities and
banking operations. Bank risk management is carried out on 8 (eight) types of risk, namely Credit
Risk, Market Risk, Liquidity Risk, Operational Risk, Compliance Risk, Legal Risk, Reputation Risk, &
Strategic Risk. The management of these risks is carried out by taking into account the principle
of prudence in accordance with Regulatory provisions. The Bank also implements the principle
of transparency in risk management through published reports submitted to Regulators and the
public through information on website and mass media.
- The determination of risk appetite and risk tolerance is the basis for establishing indicators for
assessing the Bank's inherent risk profile rating, which consists of "low, low to moderate, moderate,
moderate to high, and high" ratings.
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Corporate Governance Corporate Information Financial Statement Annual Report 101
Risk Management
Item Approach Parameters General Disclosure
b. Risk governance structure: Bank CCB Indonesia has an organizational structure to support the implementation of risk management, three
responsibilities (supervision and lines of defense, risk owner, risk control, risk assurance, with the organ structure as described below.
delegation of authority, breakdown of 1. Active Supervision of the Board of Commissioners
responsibilities by type of risk, business The Board of Commissioners understands the risks faced by the Bank and provides clear directions
unit, etc.); relationships between in the implementation of risk management, as well as in conducting supervision. The Board of
organizational structures involved in Commissioners carries out the risk oversight function through the Risk Monitoring Committee.
risk management (i.e. Board of Directors,
2. Active Supervision of the Board of Directors (BOD)
executive officers, separate risk
The Board of Directors of CCB Indonesia provides direction in implementing risk management,
committee, risk management
conducting active monitoring and mitigation. The Board of Directors carries out the function of
committee, compliance function, and
risk policy (risk policy) through the Board of Directors committees such as the Risk Management
internal audit function)
Committee (KMR), Asset & Liability Committee (ALCO), Credit Policy Committee (KKP).
3. Risk Monitoring Committee
The Risk Monitoring Committee is a risk management oversight function at the Commissioners
level and Independent Parties.
4. Risk Management Committee
Risk Management Committee is the function of implementing risk management at the level of Directors
and executive officers to direct and approve the preparation of risk strategies, policies, procedures,
limits and methodologies. Based on the Risk Management Committee's Work Rules and Regulations
with document number 240/PEDO-CCBI/KOMR/IX/2013 Revision Number 03 as of April 20, 2022.
5. Asset and Liabilities Management Committee (ALCO)
ALCO is the function of implementing risk management in managing market risk and managing
Bank liquidity. The implementation of ALCO refers to the ALCO Committee's Code of Conduct
with document number 242/PEDO-CCBI/ALCO/IX/2013 Rev. 04.
6. Credit Policy Committee (KKP)
The Credit Policy Committee is the implementation of risk management in its role of assisting the Board
of Directors in formulating credit policies that are regulated, based on the Guidelines for the Work Rules
of the Credit Policy Committee with document number 251/PEDO-CCBI/KOKP/XI/2013. Rev 03.
7. Risk Taking Unit
The business unit is a risk taking unit that is responsible for each risk in business activities.
8. CCB Indonesia Risk Management Division
Risk Management Division is a function of managing the implementation of risk management at
CCB Indonesia which is independent of the Bank's operational activities. The Risk Management
Division is currently under the Compliance & Risk Management Directorate.
9. Internal Control
The Internal Control System in each Division and Office of the Bank is supported by a supervisory function
from the Internal Audit Division, supervision from the Compliance Division, and the Anti-Fraud Work Unit.
c. Media to communicate, reject, and The Bank implements a Risk Awareness Culture in a sustainable and consistent manner by conducting
encourage risk management culture socialization, training, and certification to build the sensitivity of all Bank employees to the risk culture.
within the Bank (ie code of conduct;
guidelines related to operational limits The Implementation of Risk Management Culture is carried out continuously at all levels of the
or procedures to prevent violations or organization, including:
exceeding the Bank's risk limits; a) The Bank includes employees in the Risk Management Certification Program as well as the
procedures to increase and share risk refreshment program in accordance with the minimum required certification. With the Certification
issues between business lines and Program, all employees are expected to have a better understanding and awareness of risks.
management functions risk). b) Socialization of the provisions of both internal and regulatory provisions through email media.
c) Conducting socialization related to operational risk in order to increase risk awareness to employees
at branch offices and divisions.
d) Broadcasting risk management awareness posters to all employees every month.
d. The scope and main features of the Risk appetite is defined as the level and type of risk that is willing to be taken by the Bank in order to
risk measurement system. achieve the Bank's business objectives. Risk appetite set by the Bank is reflected in the Bank's business
strategy and objectives.
Risk tolerance is the acceptable level of variation relative to the achievement of certain goals. In setting
risk tolerance, management considers the importance of each interrelated objective and aligns it with
risk appetite.
Risk appetite and risk tolerance are considered in the preparation and changes to the bank's strategic
business plan (RBB) which are carried out periodically. Therefore, a review of risk appetite and risk
tolerance can be carried out at least once a year.
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102 Opening Business and Functional Review Financial Review
Risk Management
Item Approach Parameters General Disclosure
e. Description of the risk information Risk information reporting provided to the Board of Commissioners and the Board of Directors includes
reporting process provided to the board a risk-based bank soundness report which contains a description of the Bank's Risk Profile, Governance,
of commissioners and directors, Profitability, and Capital. In addition, it is also reported specifically, namely the Bank's risk profile report
particularly in relation to the scope which contains details of measuring 8 types of risk, which before being reported every 3 months, it is
and content of the risk exposure report. submitted in the Risk Management Committee meeting.
The report on the implementation of risk management is also submitted to the Board of Commissioners
every 3 months which contains an exposure report of 8 types of risk and qualitative risk management
implementation.
In addition, the obligation to report on the implementation of risk management is carried out regularly
by referring to several Financial Services Authority Regulations (POJK) and Financial Services Authority
Circular Letters (SEOJK) related to the implementation of risk management.
f. Qualitative information related to stress In order to implement risk management, the Risk Management Division conducts stress testing which
tests (ie portfolio of stress tests, scenarios aims to:
and methodologies used, as well as the 1. To measure the resilience of the Bank's capital in overcoming extreme conditions that occur due
use of stress tests in risk management. to changes in deteriorating economic conditions.
2. To obtain the necessary information in an effort to mitigate risk in stressful conditions.
Stress testing conducted by the Bank consists of:
1. Credit Risk Stress Testing, conducted quarterly with various scenarios of credit quality decline to
the level considered the worst condition, whether influenced by economic variable factors, among
others, the increase in the rupiah exchange rate, changes in interest rates, as well as the impact
of natural disasters and pandemics
2. Market Risk Stress Testing (exchange rate risk and interest rate risk), carried out monthly, with
various scenarios of lowering loan interest rates, increasing fund interest rates, increasing volatility
of the rupiah exchange rate against foreign currencies, and others
3. Operational Risk Stress Testing, conducted quarterly, with several scenarios of operational events
that have an impact on the Bank's profit and loss report, either directly or indirectly.
4. Liquidity Risk Stress Testing, conducted monthly, with various scenarios of withdrawal of third
party funds on a certain scale, such as 10%, 30% to certain ratios that are considered to represent
the worst conditions.
Based on the results of stress testing, the Bank can measure that the Bank's Capital appears to be strong
enough to deal with risks that could potentially occur. In addition to capital, an impact analysis on the
Risk Based Bank Rating (RBBR) has also been carried out.
g. Strategies and processes to regulate, In order to mitigate the risks that arise from the Bank's business model, a risk assessment has been
hedge and mitigate risks arising from carried out on each new product and activity that will be developed before the Bank realizes the new
the bank's business model and business that has been listed and the bank's business plan (RBB). In addition, each product owner
processes to monitor the effectiveness conducts a business impact analysis (BIA) on each product to be developed.
of hedging and risk mitigation.
Regarding hedging, banks carry out Net Open Position (NOP) monitoring, and Mark to Market (MtM).
Determination of classification of Held to Maturity (HTM), Available for Sale (AFS), securities and
determination of securities that can be owned by banks to mitigate risk in value.
In general, the Bank can implement Risk Acceptance, Risk Avoidance, Risk Transference, and Risk
Mitigation strategy.
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Corporate Governance Corporate Information Financial Statement Annual Report 103
Risk Management
Liquidity Risk - Liquidity Adequacy Ratio (LCR) Calculation Report
QUARTERLY CALCULATION REPORT
LIQUIDITY COVERAGE RATIO (LCR) QUARTERLY
Name of Bank : PT Bank China Construction Bank Indonesia Tbk
Period of Report : Q4 - 2023
(in million IDR)
Value after
Haircut or Run-off Rate or Outstanding or Haircut or
No. Component
Inflow Rate Market Value Run-off Rate or
Inflow Rate
A. HQLA
1. HQLA Level 1
1.1 Cash and cash equivalents 0% 187,151 187,151
1.2 Total placements with Bank Indonesia, namely: -
Part of placements with Bank Indonesia that can be withdrawn during 0% 1,632,938 1,632,938
stressful conditions
1.3 Securities that meet the criteria of Article 10 paragraph (1) letter c -
Issued or guaranteed by governments of other countries 0% - -
Issued or guaranteed by the central bank of another country 0% - -
Issued or guaranteed by public sector entities 0% - -
Issued or secured by a multilateral development bank 0% - -
Published or guaranteed by international agencies (a.l BIS, IMF, ECB and 0% - -
European Community)
1.4 Securities issued by the Central Government and Bank Indonesia in rupiah 0% 5,722,674 5,722,674
and foreign currency
1.5 Securities issued by the government and central banks of other countries in 0% - -
foreign currency with a risk weight of more than 0% that meet the criteria of
Article 10 paragraph (1) letter e
Total HQLA Level 1 7,542,763
2. HQLA Level 2A
2.1 Securities that meet the criteria of Article 11 paragraph (1) letter a: -
Issued or guaranteed by the governments of other countries 15% - -
Issued or guaranteed by the central bank of another country 15% - -
Issued or guaranteed by public sector entities 15% - -
Issued or secured by a multilateral development bank 15% - -
2.2 Securities in the form of debt securities issued by non-financial corporations 15% - -
that meet the criteria of Article 11 paragraph (1) letter b
2.3 Securities in the form of covered bonds not issued by the reporting Bank or 15% 200,000 170,000
parties affiliated with the Reporting Bank meeting the criteria of Article 11
paragraph (1) letter b
Total HQLA Level 2A 170,000
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104 Opening Business and Functional Review Financial Review
Risk Management
(in million IDR)
Value after
Haircut or Run-off Rate or Outstanding or Haircut or
No. Component
Inflow Rate Market Value Run-off Rate or
Inflow Rate
3. HQLA Level 2B
3.1 Asset-backed securities in the form of houses that meet the criteria of 25% - -
Article 12 paragraph (1) letter a
3.2 Securities in the form of debt securities issued by corporations that meet 50% - -
the criteria of Article 12 paragraph (1) letter b
3.3 Common shares owned by non-Bank subsidiaries that meet the criteria of 50% - -
Article 12 paragraph (1) letter c
3.4 Government securities or central banks of other countries with the highest 50% - -
rank BBB + and the lowest BBB-
Total HQLA Level 2B -
Total HQLA before adjustment 7,712,763
Adjustment for Maximum Limit of HQLA Level 2B -
Adjustment for Maximum Limit of HQLA Level 2 -
Total HQLA 7,712,763
B. Net Cash Outflow
1. Cash Outflow
1.1 Withdrawal of Individual Customer's Deposit
Total Deposits from individual customers:
Stable deposit 5% 1,759,365 87,968
Stable deposits that meet the criteria of Article 50 paragraph (2)
Total Stable deposits of individual customers 87,968
Deposits are less stable 10% 4,286,141 428,614
Less stable savings that meet the criteria of Article 50 paragraph (2)
Additional categories of Deposits with higher withdrawal rates set by
supervisors
Category 1
Category 2
Category 3
Total Savings are less stable for individual customers 428,614
Total Withdrawal of Individual Customer's Deposit 516,582
1.2 Withdrawal of Funding from Micro and Small Business Clients
Number of Micro and Small Business Customer Financing:
Stable funding from customers who meet the criteria of Article 15 5% - -
paragraph (1)
Stable funding from customers who meet the criteria of Article 15 5% 541,852 27,093
paragraph (2)
Stable funding from customers who meet the criteria of Article 50
paragraph (2)
Total Stable Funding for customers of Micro and Small Business 27,093
Enterprises
Funding that less stable than customers who meet the criteria of Article 10% 393,179 39,318
21 paragraph (1)
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Corporate Governance Corporate Information Financial Statement Annual Report 105
Risk Management
(in million IDR)
Value after
Haircut or Run-off Rate or Outstanding or Haircut or
No. Component
Inflow Rate Market Value Run-off Rate or
Inflow Rate
Less stable funding that meets the criteria of Article 50 paragraph (2)
Additional categories of Deposits with higher withdrawal rates set by
supervisors
Category 1
Category 2
Category 3
The less stable funding amount from Micro and Small Business 39,318
Enterprises
Number of Withdrawal of Funding for Micro and Small Business 66,411
1.3 Withdrawal of Funding from Corporate Clients
Funding amount from corporate customers:
Operational savings:
Guaranteed by the Deposit Insurance Corporation (LPS) 5% 95,338 4,767
Not guaranteed by the Deposit Insurance Corporation (LPS) 25% 2,156,320 539,080
Operational savings that meet the criteria of Article 50 paragraph (1):
Guaranteed by the guarantee institution
Not guaranteed by the guarantee institution
Total Deposits of corporate customers 543,847
Deposits non-operating and / or non-operating liabilities
Guaranteed by the Deposit Insurance Corporation (LPS) 20% 79,522 15,904
Not guaranteed by the Deposit Insurance Corporation (LPS) 40% 5,314,067 2,125,627
Deposits non-operational and / or non-operating liabilities that meet
the criteria of Article 50 paragraph (1):
Guaranteed by the guarantee institution
Not guaranteed by the guarantee institution
Securities in the form of debt securities issued by the Bank 100% - -
Total non-operating deposits and / or non-operating liabilities 2,141,531
Total of Withdrawals Funding Derived from Corporate Customers 2,685,378
1.4 Withdrawal of Funds by Collateral (Secured Funding)
The transaction is conducted with Bank Indonesia 0% - -
The transaction with HQLA Level 1 collateral 0% - -
The transaction by collateral HQLA Level 2A 15% - -
Transactions are made with the Central Government or public sector 25% - -
entities that have the highest risk weight of 20% or multilateral
development banks, with collateral other than HQLA Level 1 or HQLA Level
2A
Transactions with HQLA collateral Level 2B are EBA 25% - -
Transactions with collateral HQLA Level 2B in addition to EBA 50% - -
Transactions are made with collateral other than HQLA 100% - -
Total Withdrawal of Funds by Collateral (Secured Funding) -
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106 Opening Business and Functional Review Financial Review
Risk Management
(in million IDR)
Value after
Haircut or Run-off Rate or Outstanding or Haircut or
No. Component
Inflow Rate Market Value Run-off Rate or
Inflow Rate
1.5 Other Cash Outflow (Additional Requirement)
Other cash outflows related to derivative transactions 100% - -
Other cash outflows related to the increase in liquidity requirements
Related to the downgrade (rating) of the Bank in Funding transactions, 100% - -
derivatives, and other agreements
Related to mark-to-market changes of derivative transactions or other The largest absolute net - -
transactions collateral flow for 30 days
that is realized in 24 months
Related to the potential for changes in the value of collateral for 20% - -
derivatives and other transactions
Related to the excess of non-segregated collateral which is controlled by the 100% - -
Bank which can be contractually taken at any time by the counterparty
Related to the obligation of providing collateral to the counterparty of a 100% - -
particular transaction but the counterparty has not requested such
collateral
Related to the potential for collateral exchange in the form of HQLA to 100% - -
be not HQLA
Other cash outflows related to Funding losses
Derived from asset-backed securities, covered bonds, and other 100% - -
structured financing instruments issued by the Bank
Derived from asset-backed commercial papers, conduits, securities 100% of funding due within - -
investment vehicles 30 days and potential assets
to be repaid within 30 days
ahead
Other cash outflows relate to commitment obligations in the form of credit
facilities
Facilities are provided to individuals or Micro and Small Business Enterprises 5% 400,485 20,024
Facilities are granted to non-financial corporations, the Central Government, 10% 2,233,288 223,329
Bank Indonesia, other state governments, central banks of other countries,
public sector entities, and / or multilateral development banks
Facilities are granted to the Bank and / or financial services institutions 40% - -
Facilities are granted to other entities 100% 227,364 227,364
Other cash outflows are related to the commitment obligations in the
form of liquidity facilities
Facilities are provided to individuals or Micro and Small Business 5% - -
Enterprises
Facilities are provided to non-financial corporations, the Central Government, 30% - -
Bank Indonesia, other state governments, central banks of other countries,
public sector entities, and / or multilateral development banks
Facilities are provided to the Bank 40% - -
Facilities are provided to financial institutions and / or other entities 100% - -
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Risk Management
(in million IDR)
Value after
Haircut or Run-off Rate or Outstanding or Haircut or
No. Component
Inflow Rate Market Value Run-off Rate or
Inflow Rate
Other contractual obligations to provide funds to:
Financial services institutions 100% - -
Individual customers 100% of the value of the - -
excess difference between
the contractual obligation
to disburse funds with 50%
of the total cash inflows
Non-financial corporation 100% of the value of the - -
excess difference between
the contractual obligations
to disburse funds with 50%
of the total cash inflows
Other contingent financing obligations
Comes from trade finance instruments 3% - -
Derived from credit facilities and liquidity facilities of a nature 0% - -
Unconditionally revocable uncommitted
Derived from letter of credit (L / C) and warranty not related to trade 5% 3,998 200
finance obligations
Derived from the potential demand for repurchase of bank debt or 5% - -
associated with securities investment vehicles and other financing facilities
Derived from structured products that are anticipated by customers 5% - -
through ready marketability
Comes from managed funds sold for the purpose of maintaining stability 5% - -
The obligation to cover potential buyback of securities, with or without 5% - -
collateral, which has a period of more than 30 (thirty) days for issuers
having affiliation with the dealer or market maker
Non-contractual liabilities of short position of customers covered by 50% - -
other customers' collateral
Other contractual cash outflows 100% - -
Total of Withdrawals related to Other Cash Out (Additional Requirement) 470,917
Total of Cash Outflows 3,739,288
2. Cash Inflows
2.1 Loan with Collateral (Secured Lending)
Collateral is not reused to cover short positions Customer
Collateral is HQLA Level 1 0% - -
Collateral is HQLA Level 2A 15% - -
Collateral in the form of Asset Backed Securities that meet the requirements 25% - -
of HQLA Level 2B
Collateral in the form of HQLA Level 2B other than Asset Backed Securities 50% - -
The transaction in the form of margin lending but the collateral in addition 50% - -
to HQLA
Collateral does not meet the requirements as mentioned above 100% - -
Collateral is reused to cover short positions of customers 0% - -
Total of Cash Flows Originated from Loans with Collateral (Secured Lending) -
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108 Opening Business and Functional Review Financial Review
Risk Management
(in million IDR)
Value after
Haircut or Run-off Rate or Outstanding or Haircut or
No. Component
Inflow Rate Market Value Run-off Rate or
Inflow Rate
2.2 Receivables by Counterparty
Individual customers 50% 94,410 47,205
Customers of Micro and Small Business Enterprises 50% 6,497 3,248
Financial services institutions 100% 140,615 140,615
Bank Indonesia 100% - -
Other (non-financial corporate customers, Central Government, other state 50% of the contractual value 698,648 349,324
governments, public sector entities and multilateral development banks) and/or 100% of the
contractual value in the
event that the rate of receipt
comes from non-HQLA
securities with remaining
period of less than 30 days.
The total of cash inflows by the counterparty 540,393
2.3 Other Cash Inflows
Derived from derivative transactions 100% - -
Comes from other contractual bills 50% - -
Total of Cash Inflow Other -
Total of Cash Inflow 540,393
Total of Cash Inflows which can be calculated in LCR Calculation (maximum 540,393
75% of Total Outflow Cash)
Total Net Cash Out Flow 3,198,895
C. LCR
Total HQLA 7,712,763
Total Net Cash Out Flow 3,198,895
Result of LCR 241.11%
1. Liquidity Coverage Ratio (LCR) calculation is made based on POJK No. 42/POJK.03/2015 concerning the Obligation to Fulfill the
Liquidity Coverage Ratio for Commercial Banks. The LCR value of CCB Indonesia for the period December 2023 is 241.11% or above
the OJK minimum requirement, namely 100%. This indicates that the Bank's condition is quite good in managing liquidity needs to
support business activities.
2. LCR value for the fourth quarter of 2023 is obtained from the daily average during October 2023 to December 2023.
a. Total HQLA in Quarter IV 2023 increased by 8.70% compared to Quarter III 2023. Total Net Cash Outflow in Quarter IV 2023 increased
by 8.43% compared to Quarter III 2023. The increase in the HQLA ratio was greater than an increase in the Net Cash Outflow ratio
causes the LCR ratio to increase.
b. Total average level 1 HQLA in the fourth quarter of 2023 is IDR7.54 trillion, an increase of IDR447.55 billion compared to the third
quarter of 2023 which amounted to IDR7.09 trillion. There was a significant increase in securities items issued by the Indonesian
Government in rupiah of IDR539.02 billion and there was a decrease in the portion of placements with Bank Indonesia that could
be withdrawn during stressful conditions of IDR96.88 billion.
c. Total average Net Cash Outflow in the fourth quarter of 2023 is IDR3.19 trillion, an increase of IDR248.65 billion compared to the third
quarter of 2023 which amounted to IDR2.95 trillion. This is caused by:
- Increase in Cash Outflow which was influenced by non-operational savings accounts from corporate customers which were
not guaranteed by LPS, increased by IDR271.01 billion or 14.62% compared to the third quarter of 2023.
- Increase in Cash Inflow which was influenced by billing items based on counterparties from non-financial corporate customers
and public sector entities which increased by IDR73.23 billion or 26.55% compared to the third quarter of 2023.
The implementation of liquidity risk management has been running well. The active role of Board of Commissioners, Board of Directors
and ALCO Committee constantly monitors liquidity conditions on a regular basis.
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Corporate Governance Corporate Information Financial Statement Annual Report 109
Risk Management
Liquidity Risk - NSFR Report
OBLIGATION OF NET STABLE FUNDING RATIO
Bank Name : PT Bank China Construction Bank Indonesia Tbk
Report Month : December 2023
A. NSFR Calculation
(in million IDR)
Report Date Position (September 2023) Report Date Position (December 2023)
Ref. No.
from the
ASF components Carrying Value Based on Remaining Term Carrying Value Based on Remaining Term NSFR
Total Total
Working
>6 Weighted >6 Weighted
≤6
Value No ≤6 >1 Value
Paper
No Term months > 1 year months
months Term months year
- 1 year - 1 year
1. Capital 6,386,216 - - - 6,386,216 6,551,425 - - - 6,551,425
2. Capital according to OJK Regulations of 6,386,216 - - - 6,386,216 6,551,425 - - - 6,551,425 1.1.1
CAR 1.1.2
1.1
3. Other capital instruments - - - - - - - - - - 1.2
4. Deposits originating from individual 1,594,734 6,886,459 173,862 - 7,925,718 1,663,906 7,051,270 201,731 - 8,147,512 2
customers and funding originating from 3
micro and small business customers:
5. Stable savings and funding 1,144,009 1,535,665 43,692 - 2,587,198 1,132,074 1,271,086 42,772 - 2,323,635 2.1
3.1
6. Deposits and funding are less stable 450,725 5,350,794 130,170 - 5,338,520 531,832 5,780,184 158,959 - 5,823,877 2.2
3.2
7. Funding originating from corporate 2,219,221 7,464,554 115,591 - 4,698,392 2,536,999 8,389,060 130,379 - 5,160,027 4
customers:
8. Operational savings 2,084,078 - - - 1,042,039 2,397,212 - - - 1,198,606 4.1
9. Other funding comes from corporate 135,142 7,464,554 115,591 - 3,656,353 139,786 8,389,060 130,379 - 3,961,421 4.2
customers
10. Liabilities that have pairs of - - - - - - - - - - 5
interdependent assets
11. Other liabilities and equity : - - - - - - - - - - 6
12. NSFR derivative liabilities - - 6.1
13. Equity and other liabilities that are not - - - - - - - - - - 6.2 to 6.5
included in the above categories
14. Total ASF - - - - 19,010,326 - - - - 19,858,964 -
15 Total HQLA in order to calculate NSFR 1,850,506 168,247 1,098,855 387,898 82,750 1,765,520 810,009 2,765,558 636,693 210,613 1
16 Deposits at other financial institutions for 262,645 631,830 - - 447,238 121,147 45,000 - - 83,074 2
operational purposes
17 Loans in Current and Under Special - 3,253,426 1,825,855 11,291,296 11,849,181 - 2,234,429 3,292,753 13,531,559 13,990,003 3
Mention (performing) categories
18 to financial institutions guaranteed by - - - - - - - - - - 3.1.1
HQLA Level 1
19 to non-guaranteed financial institutions - 2,500 4,317 18,934 21,467 - 7,920 1,998 17,814 20,001 3.1.2
with HQLA Level 1 and loans to 3.1.3
unsecured financial institutions
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110 Opening Business and Functional Review Financial Review
Risk Management
(in million IDR)
Report Date Position (September 2023) Report Date Position (December 2023)
Ref. No.
from the
ASF components Carrying Value Based on Remaining Term Carrying Value Based on Remaining Term NSFR
Total Total
Working
>6 Weighted >6 Weighted
≤6
Value No ≤6 >1 Value
Paper
No Term months > 1 year months
months Term months year
- 1 year - 1 year
20 to non-financial corporations, retail - 2,814,770 1,108,739 9,822,232 10,310,651 - 1,612,487 2,598,721 11,937,178 12,252,206 3.1.4.2
customers and micro and small business 3.1.5
customers, central government, 3.1.6
governments of other countries, Bank
Indonesia, central banks of other countries
and public sector entities, which include:
21 meets the qualifications to get a risk - - - - - - - - - - 3.1.4.1
weight of 35% or less, according to SE
OJK RWA for Credit Risk
22 Loans secured by residential houses that - - - - - - - - - - 3.1.7.2
are not being guaranteed, which include:
23 meets the qualifications to get a risk - 436,156 712,799 1,450,131 1,517,063 - 614,022 692,034 1,376,567 1,547,796 3.1.7.1
weight of 35% or less, according to SE
OJK RWA for Credit Risk
24 Securities in the Current and Substandard - - - - - - - - 200,000 170,000 3.2
(performing) categories that are not being
pledged as collateral, are not in default, and
are not listed as HQLA, including shares
traded on the stock exchange
25 Assets that have pairs of interdependent - - - - - - - - - - 4
liabilities
26 other assets : 4,466,642 503,496 3,678 805,146 1,587,840 1,114,748 496,098 - 1,145,390 1,908,680 5
27 Physical commodities traded, including - - - - - - - - - - 5.1
gold
28 Cash, marketable securities and other - - - - - - - - - - 5.2
assets recorded as initial margin for
derivative contracts and cash or other
assets submitted as default funds to the
central counterparty (CCP)
29 NSFR derivative assets - - - - - - - - - - 5.3
30 NSFR of derivative liabilities before - - - - - - - - - - 5.4
deducting the variation margin
31 All other assets that are not included in 4,466,642 503,496 3,678 805,146 1,587,840 1,114,748 496,098 - 1,145,390 1,908,680 5.5 to 5.12
the above categories
32 Administrative Account - - - - 455,832 - - - - 389,737 6
33 Total RSF - - - - 14,422,842 - - - - 16,582,105 -
34 Net Stable Funding Ratio (Net Stable - - - - 131.81% - - - - 119.76% -
Funding Ratio (%))
"¹ Components reported in the category without a term are components that do not have a contractual term, including: capital instruments that are permanent (perpetual),
short positions, open maturity positions, current accounts, equity that is not included in the HQLA category and commodities."
1. Net Stable Funding Ratio (NSFR) calculation is made based on POJK No.50/POJK.03/2017 concerning Obligations to Fulfill the Net
Stable Funding Ratio (NSFR) for Commercial Banks. In the December 2023 period, CCBI Bank's NSFR value is above the OJK minimum
requirement (100%), namely 119.76%.
2. The Bank's NSFR value for the December 2023 period reduce 12.05% from NSFR value for the September 2023 period which was
131.81%. The decrease in NSFR for the December 2023 period was due to the following:
a. Total Available Stable Funding (ASF) has increased by 4.46% from the September 2023 period, and total Required Stable Funding
(RSF) has also increased by 14.97% from the September 2023 period.
b. Total Available Stable Funding (ASF) for the period December 2023 is IDR19.86 trillion, an increase of IDR848.64 billion compared
to the September 2023 period which was IDR19.01 trillion. This condition was mainly due to an increase in funding originating
from corporate customers of IDR461.64 billion.
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Corporate Governance Corporate Information Financial Statement Annual Report 111
Risk Management
c. Total Required Stable Funding (RSF) for the period December 2023 is IDR16.58 trillion, an increase of IDR2.16 trillion from the
September 2023 period which amounted to IDR14.42 trillion. This condition was mainly due to an increase in loans in the current
and special attention category (performing) to non-financial corporations, retail customers and micro and small business customers
as well as public sector entities of IDR1.94 trillion.
3. In the December 2023 period, the largest ASF composition comes from deposits originating from individual customers of IDR8.15
trillion or 41.03% of the total ASF. Meanwhile, the largest RSF composition comes from loans in the current and special attention
category (performing) of IDR13.99 trillion or 84.37% of the total RSF.
This reflects that the Bank has the ability to manage liquidity for a period of one year and mitigate risks that may arise in the next one-year
period.
Bound Assets (Encumbrance - ENC)
Position 31 December 2023
(in million IDR)
a b c d
assets that are held or
Bound Assets pledged with the central Unencumbered
Total
(Encumbrance) bank but have not been assets
used to generate liquidity
Assets in the statement of financial position can be presented in 94,360 2,896,303 5,636,203 8,626,866
detail as needed
Qualitative Analysis
a. Encumbered assets are Bank assets that are limited for liquidity needs, legally and contractually by the Bank. Restricted assets do not include assets
held or agreed with Bank Indonesia but which have not been used to generate liquidity. Currently the Bank has tied assets in the form of Repo
Securities amounting to IDR94.36 billion.
b. Currently, the Bank has assets held or pledged with Bank Indonesia of IDR2.90 trillion, including in the form of Statutory Reserves of IDR1.34 trillion.
The assets placed in Bank Indonesia consist of placements in Rupiah of IDR2.44 trillion and placements in foreign currency of IDR0.45 trillion. The
assets held at Bank Indonesia have not been used to generate liquidity but are still calculated as HQLA as regulated in POJK Number 42/POJK.03/2015
concerning Liquidity Coverage Ratio for Commercial Banks.
c. Unencumbered assets are assets that qualify as HQLA as stipulated in the POJK Number 42/POJK.03/2015 concerning Liquidity Coverage Ratio for
Commercial Banks. Currently the Bank has unrestricted assets of IDR5.64 trillion, in the form of Cash of IDR212.84 billion, Government Securities of
IDR1.10 trillion, Reverse Repo of IDR1.06 trillion, Bank Indonesia Rupiah Securities of IDR3.07 trillion and Bank Bonds amounting to IDR200.00 billion.
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112 Opening Business and Functional Review Financial Review
Risk Management
Operational Risk e. Increase employee productivity through training and
development, both internally and externally.
Operational Risk is the inadequacy and/or non-functioning of f. Ensure that the Operational Management framework that
internal processes, human error, system failure, or external events is developed can properly mitigate potential operational
that may disrupt the Bank's operations/business and/or cause losses risks.
to the Bank. g. Identify and measure operational risks inherent in all activities,
and assess the quality of control in each business line using
The implementation of operational risk management becomes the Operational Risk Self Assessment (ORSA) and Key
very important in line with the increasing volume and complexity Operational Risk Indicator (KORI) methods carried out by
of the Bank's operations and business. the Operational Risk Coordinator (ORISCO) in each function
Operational risk management, among others, is carried out as and branch offices and supervised by the Risk Management
follows: Division.
a. The readiness of human, operational and IT resources capable h. Ensure risk assessments related to cyber security have been
of supporting operational risk management in accordance carried out in accordance with regulatory provisions and
with the Bank's business plan in product development that mitigation required to maintain the quality of the bank's cyber
has the potential to cause operational risk exposure. Increasing security and resilience processes.
the number of adequate human resources through the i. Creating a culture and developing awareness of risks,
recruitment process and improving the quality of human including cyber security risks, through knowledge sharing/
resources through the training process. socialization to all work units, either directly or indirectly,
b. Ensure the availability of Business Continuity Plan (BCP) and or through risk management coordinator officers in each
Disaster Recovery Plan (DRP) to mitigate operational risk from work unit.
external disruptions of the Bank and conducting periodic testing. j. Ensure the adequacy, policies, guidelines and Standard Operations
c. Maintain and develop the security of information technology and Procedures of each work unit.
processes in electronic data processing, such as emergency k. Physical security of operational implementation by restricting
plan backup procedures that are tested periodically. access as a restricted area.
d. Conduct a review on each issuance of new products and/or l. Follow up on the results of internal audits, external audits,
activities and their development in accordance with applicable anti-fraud, Financial Services Authority inspections and other
regulations. authorities inspections.
Operational Risk Disclosure - Bank Individually
(in million IDR)
31-Dec-2023
No. Approach Used
Business Indicators (Average of last 3 years)
(1) (2) (3)
Components of Business Indicators (KIB) 77,040
Internal Loss Multiplier Factor (FPKI) 1.00
Minimum Operational Risk Capital (MMRO) 77,040
RWA for Operational Risk 962,994
Page 113
Corporate Governance Corporate Information Financial Statement Annual Report 113
Risk Management
Legal Risk media and coordinates with units managing customer complaints
in accordance with OJK Regulation No. 22/2023 concerning Consumer
Legal Risk is the risk resulting from legal claims and/or weaknesses Protection and Society in the Financial Services Sector.
in juridical aspects. Legal risk management is conducted jointly
by the risk owner together with the Legal Division and the Credit Moreover, the Bank also enhances the quality of customer service
Operation-Legal Credit Division along with its team, which is by promptly addressing customer complaints and legal claims,
responsible for periodically reviewing contracts and agreements applying transparency principles, and implementing appropriate
between the Bank and third parties and/or debtors to verify the communication policies to address negative news/publications or
validity of rights in contracts and agreements. Enhancing the prevent counterproductive information.
understanding of Bank officers regarding legal regulations is
crucial in fostering relationships with customers and other external Measurement of Reputation Risk is based on assessments of factors
parties. influencing the Bank's reputation, including customer complaints
and negative media coverage about the Bank. To monitor Reputation
Identification of Legal Risk is conducted based on factors causing Risk and ensure customer satisfaction, the function of customer
the risk, including legal claims and weaknesses in juridical aspects complaint handling unit (UP3N) of the Bank to support service
inherent in the functional and operational activities of the Bank. management and handle customer complaints at both Branch
Legal Risk measurement is carried out by the Risk Management and Head Office. Additionally, Reputation Risk monitoring is also
Division together with the Legal Division. From this measurement, conducted by the Risk Management Division, which provides
evaluation reports are obtained from individual legal case analyses reminders and improvement recommendations to the Reputation
regarding liabilities arising from legal claims. The measurement is Risk Management Division based on assessments of reputation risk
based on the evaluation reports of individual legal cases regarding profile parameters. In controlling Reputation Risk, the Corporate
liabilities arising from legal claims and the quality of contract Secretary Division is responsible for implementing policies related
agreements. to handling and resolving negative publicity or avoiding
counterproductive information. For Reputation Risk control related
Indicators/parameters used in measuring Legal Risk include potential to customer complaints, the Bank follows up on customer complaints
losses due to legal claims, weaknesses in contracts due to non- and resolves them according to established SLAs.
compliance with the legal requirements of agreements, and changes
in legal regulations causing Bank products to be inconsistent with Strategic Risk
existing provisions.
Strategic Risk is the risk arising from inaccuracies in making and/
Monitoring of Legal Risk is conducted by the Risk Management or implementing strategic decisions and failures to anticipate
Division together with the Legal Division by evaluating the changes in the business environment.
effectiveness of policy implementation, procedures, and
compliance with legal policies, regulations, and Bank limits In managing strategic risk, the Board of Directors establishes written
provisions. Monitoring is periodically carried out for all Legal strategic plans (corporate plans) and business plans and communicates
Risk positions. In implementing Legal Risk controls, the Legal them to the officials and/or employees of the Bank at every
Division provides legal input and recommendations to each organizational level, then implements and monitors these plans.
division and periodically reviews cooperation agreements and Monitoring of the bank's strategic plan achievements is conducted
contracts with counterparties. by the Assets Liability Management (ALM) Division, which is
periodically reported to the Board of Directors.
Reputation Risk
Measurement of Strategic Risk is based on the bank's performance
Reputation Risk is the risk resulting from a decrease in stakeholder achievements by comparing actual results with set targets. Monitoring
trust stemming from negative perceptions of the Bank. is carried out by identifying the bank's weaknesses, strengths, and
developments in the external conditions that may directly or
The management of reputation risk is conducted jointly by Corporate indirectly affect the bank's established strategy, ensuring that the
Secretary and the Division/Regional/Branches authorized and strategy's determination considers its impact on the bank's capital.
responsible for providing comprehensive information to customers Additionally, monitoring of risk exposure compared to the bank's
and other stakeholders to control reputation risk. The Bank's risk appetite and periodic monitoring of Strategic Risk Appetite
Reputation Risk is managed by Corporate Secretary Division, which and Risk Tolerance are conducted. The Risk Management Division
handles Bank-related media coverage in both print and electronic monitors Strategic Risk by comparing targeted results with actual
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114 Opening Business and Functional Review Financial Review
Risk Management
results, evaluating unit performance, and ensuring target objectives through knowledge sharing/socialization of relevant regulations
are achieved. Control of Strategic Risk is conducted by analyzing to all work units, both directly and indirectly, conveyed by the
the gap between actual reports and business plan targets and Compliance Division to each respective work unit.
presenting necessary actions to the Board of Directors periodically. c. Enhancing the internal control function in each work unit or
independent division and optimizing the implementation of
Compliance Risk compliance functions.
d. Following up on the results of internal audit examinations,
Compliance Risk is the risk arising from the Bank's failure to comply external audits, anti-fraud measures, Financial Services Authority
with and/or implement regulations issued by the Financial Services inspections, and other regulatory examinations.
Authority (OJK), Bank Indonesia, as well as prevailing laws and
regulations. Risk Profile
Compliance risk is inherent in risks related to legal and regulatory The risk profile assessment includes evaluations of inherent risks
requirements and other regulations, such as the Minimum Capital and assessments of the quality of Risk Management implementation,
Adequacy Ratio (CAR), Net Open Position (NOP), Asset Provisioning reflecting the risk control system. The assessment is conducted on
(PPA), Quality of Productive Assets (QPA), and Maximum Credit 8 (eight) risks: Credit Risk, Market Risk, Liquidity Risk, Operational
Exposure (MCE). Compliance risk also relates to the implementation Risk, Legal Risk, Strategic Risk, Compliance Risk, and Reputation
of Know Your Customer (KYC) principles, Employee, Anti Money Risk. The Bank manages risks on a bank-wide basis, as regulated by
Laundering (AML), Counter Terrorism Financing (CTF), and Prevention the Financial Services Authority (OJK) regarding the Implementation
of Proliferation Financing of Weapons of Mass Destruction (PPFWMD). of Risk Management for Commercial Banks. Based on the self-
Compliance risk management is conducted as follows: assessment of the bank-wide risk profile as of December 2023, the
a. Ensuring the adequacy of policies, guidelines, and procedures Bank's risk profile rating is Low to Moderate, with the following
of each work unit and division. details:
b. Creating a culture and fostering awareness of compliance risks
Measurement of the Bank's Risk Profile as of 31 December 2023 (as per the Bank's Risk Profile Report)
Quality Rating in The Application of
Risks Type Inherent Risk Rating Rank Levels of Risk
Risk Management
Loan Risk Low to Moderate Satisfactory Low to Moderate
Market Risk Low to Moderate Satisfactory Low to Moderate
Liquidity Risk Low Satisfactory Low
Operational Risk Low to Moderate Satisfactory Low to Moderate
Legal Risk Low to Moderate Satisfactory Low to Moderate
Strategic Risk Low to Moderate Satisfactory Low to Moderate
Compliance Risk Low to Moderate Satisfactory Low to Moderate
Reputation Risk Low Satisfactory Low
Composite Rating Low to Moderate Satisfactory Low to Moderate
According to the monitoring conducted on each of the main risk groups encountered by CCB Indonesia during 2023, the composite
rating for the overall risk profile of the bank as of December 31, 2023, was at level 2 (Low to Moderate). This indicates that the Bank's risk
management implementation across all areas has been effective, reflecting the Bank's robust condition and its capability to withstand
significant adverse effects stemming from changes in business conditions and other external factors.
Page 115
Corporate Governance Corporate Information Financial Statement Annual Report 115
Risk Management
Page 116
o n g g e n g B la n te k Tari R Betawi (Jakarta) A common Betawi dance that is used to greet guests at major events is the Blantek/Ronggeng Blantek Dance. In addition, the motions of this dance, which debuted as an opening dance in Blantek art, are joyful and amusing.
Page 117
Financial Review
03
Togetherness in Indonesian Traditional dance philosophy
Page 118
118 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
Financial Performance in 2023 and CCB Indonesia's financial performance in 2023 showed
Realization compared to the Bank's a strong financial result. Net profit showed a significant
Business Plan 119
increase of 77.47% y-o-y which was supported by an
Income Statement 120 increase in lending of 16.02% y-o-y and also strengthening
of various financial ratio indicators, especially profitability,
Balance Sheet 121
efficiency and asset quality while still adhering to the
Financial Ratios 123 principle of prudence with a strong liquidity and capital
Operational Review Per Business
position
Segment 125
Changes in Accounting Policies 140 Despite the global economic slowdown, Indonesia's economy continues to grow strongly.
Based on data from the Central Statistics Agency (BPS), economic growth in the fourth
quarter of 2023 grew by 5.04% (yoy), an increase compared to growth in the previous
quarter (III) of 4.94% (yoy). With these developments, Indonesia's overall economic growth
in 2023 recorded strong growth of 5.05% (yoy). In line with this, CCB Indonesia is now
able to provide optimal performance in 2023. This is shown by financial performance
reflected in the significant increase in Net Profit of 77.47% (yoy), supported by a 16.02%
(yoy) increased in lending, and the strengthening of various financial indicators, particularly
profitability, efficiency and asset quality. The Bank also remained prudent by maintaining
a strong liquidity and capital position.
Page 119
Corporate Governance Corporate Information Financial Statement Annual Report 119
Management Analysis and Discussion
World economic growth is slowing as financial market uncertainty Households (LNPRT) consumption increased by 18.11% (yoy) due
eases. The global economy is forecast to grow by 3.0% in 2023 to increased election preparation activities, and Government
and slow to 2.8% in 2024. The economies of the United States consumption increased by 2.81% (yoy) due to goods and staff
(US) and India remain strong, supported by household consumption spending. Investment increased by 5.02% year on year, owing
and investment. mostly to building investment as infrastructure development
continued and investment activity expanded, as well as to growth
Meanwhile, China's economy is slowing as household consumption in the export sector, which increased by 1.64% (yoy).
and investment remain weak as a result of the weakening
performance of the property sector, as well as limited fiscal According to information from Bank Indonesia, banking loan
stimulus. throughout 2023 increased by 10.38% on an annual basis (yoy).
Based on type of use, investment loan and working capital,
The cycle of increasing monetary policy interest rates in advanced respectively, grew 12.26% (yoy) and 10.05% (yoy).
countries, including the Fed Funds Rate (FFR), is predicted to have
ended although it will still remain high in the first semester of 2024, In 2024, economic growth is expected to continue to increase,
with the possibility that it will start to decline in the second semester driven by domestic demand, particularly continued consumption
of 2024. growth, which will benefit from the holding of elections, as well as
increased investment, particularly in buildings, in line with the
Indonesia's economic growth in the fourth quarter of 2023 was continued development of National Strategic Projects (PSN),
5.04 percent (yoy), slightly higher than the government's prediction including Ibu Kota Nusantara (IKN).
of 5%. The primary driver of this growth is rising household
consumption and investment. Household spending, the major In the Macroeconomic Framework and Principles of Fiscal Policy
component of Indonesia's GDP, is expected to expand by 4.82 for 2024, the Government assumes economic growth in 2024 of
percent in 2023. The increase in the minimum wage and 5.1% to 5.7%.
government social assistance are the primary drivers of increased
family consumption. Despite global economic concerns and Bank Indonesia estimates that banking loans will grow 10%–12%
high inflation, the increase in household consumption in 2024.
demonstrates that Indonesians' purchasing power remains --------------------------------------
Source: Bank Indonesia, Financial Services Authority, BAPPENAS, Ministry of Finance
stable.
of Republic of Indonesia, Central Statistics Agency (BPS)
Meanwhile, investment increased by 4.40% percent, boosted
by the implementation of the infrastructure development Financial Performance in 2023 and
program. Even if investment growth has decreased compared
to the previous year, this demonstrates investor confidence in
Realization compared to the Bank's
the Indonesian economy. Political and economic stability, as Business Plan
well as a big market potential, entice investors to deposit their
wealth in Indonesia. In 2023, CCB Indonesia's financial performance demonstrates a
variety of good financial ratio indicators, particularly steady credit
Financial Services Authority (Otoritas Jasa Keuangan/OJK) asess and financing growth, increasing profitability, manage to get
that Indonesia's banking industry performs well in the face of efficiency, with solid and strong capital and liquidity levels. The
numerous global uncertainties. Banking and economic liquidity bank's earnings profit increased by 77.47% compared to the prior
are adequate to promote expanded credit/financing and continued year. Similarly, other measures like credit quality and efficiency
economic recovery. Banking interest rates have increased, yet they performed better than the previous year. CCB Indonesia continues
remain beneficial to economic recovery. to work to boost bank intermediation functions by focusing on
liquidity positions.
Banking intermediation in 2023 continued to increase and is
predicted to continue in 2024. The resilience of the financial system, Accelerating business development in the corporate banking
especially banks, is maintained both in terms of capital and liquidity. segment, along with the retail segment, namely commercial banking
Bank Indonesia continues to maintain stability and improve the and small and medium scale enterprises (SMEs), as well as consumer
efficiency of the payment system through strengthening policies banking, taking into account the harmony of economic, social and
and accelerating the digitization of the payment system to maintain environmental interests.
the momentum of economic recovery.
The Bank's policy direction has been in line with government
Almost all GDP components contribute to increased economic programs to finance infrastructure and support the development
growth in the fourth quarter of 2023. Household consumption of SME sector. The Bank has consistently practiced prudent and
climbed by 4.47% (yoy), while Nonprofit Institutions Serving selective lending to manage bank quality asset.
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120 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
Compared to the position at the end of 2022, there was an increase The Bank's profit after tax for the year 2023 was recorded at IDR241.3
significantly in the Bank's loan of IDR2.6 trillion or 16.02% (yoy), to billion, which increases the Bank's capital organically to anticipate asset
IDR19.3 trillion at the end of 2023, mainly from Corporate and growth. The Bank recorded CAR ratio of 37.45% at the end of 2023, a
Commercial although there are decreasing in Consumer and SME increase compared to the previous year of 32.73%, in line with the
segments. increase in credit in 2023. The Bank's Tier 1 Capital at the end of 2023
amounted to IDR6.01 trillion, an increase of IDR285 billion compared
The Bank's Third Party Funds (DPK) increased by IDR2 trillion, or to the end of 2022 which was recorded at IDR5.73 trillion.
11.37% (yoy), to IDR19.9 trillion at the end of 2023. This decline
mainly due to an increase in time deposits by IDR1.8 trillion, or During 2023, the Bank remains focused on implementing its short
13.5% (yoy) to IDR15.7 trillion. Meanwhile, current accounts increased and medium term plans, which directs its strategic policy on business
by IDR136.8 billion, or 4.58% (yoy) to IDR3.1 trillion. The Bank seeks improvement, good corporate governance implementation, IT
to improve the effectiveness of its intermediary function by optimizing system development, process effectiveness and cost efficiency
the Loan to Deposits Ratio (LDR). encouragement, and human capital professionalism and competence
improvement. The direction of the Bank's policy is in line with the
The Bank's Total Assets reached IDR27.8 trillion at the end of 2023, government program, in this case infrastructure financing and
an increase of IDR2.8 trillion or 11.31% (yoy), reflected by a a decrease supporting the development of SME sector.
placement with BI and other banks, amounting to IDR648 billion.
On the other hand, total loans increased by IDR2.6 trillion. Income Statement
The Bank's liquidity ratio (LDR) increased from 92.98% at the end
Net Interest Income
of 2022 to 96.86% at the end of 2023, in line with the Bank's policy
to boost its intermediation function. The strong liquidity position Interest income increased by IDR367.6 billion or 28.8% to IDR1,690
is reflected in the LCR (Liquidity Coverage Ratio) of 241.11%, and billion in 2023, from IDR1,323 billion in the previous year. This was
NSFR (Net Stable Funding Ratio) stood at 132.63% at the end of mainly due to an increase in loans.
2023. This figure is above the minimum level set by the regulator,
which is 100%. Meanwhile, interest expense increased by IDR214.6 billion, or 41.3%,
compared to the previous year, to IDR733.3 billion. The increase in
The Bank recorded a profit before tax expense of IDR310 billion, a interest expense was due to the increase in third party fund collection
significant increase of IDR134 billion or 76.08% y-o-y from last year. in 2023.
The increase was due to higher loan interest income of IDR367.5
billion, despite an increase in interest expense to third parties of Thus, Net Interest Income in 2023 amounted to IDR956.8 billion,
IDR214.2 billion. On the other hand, there was a decrease in the or higher than the previous year of IDR803.9 billion. The realization
provision for allowance for impairment losses (CKPN) by IDR19 of Net Interest Income was above the Bank's Business Plan (RBB)
billion compared to the previous year, meanwhile credit quality of IDR872 billion due to an increase in Lending Rates and a decrease
improved, the gross NPL ratio from 3.40% at the end of 2022 to in Interest Expenses, resulting in a realized NIM of 4.18%, higher
2.87% at the end of 2023. than the plan of 3.68% NIM.
Description of Interest Incomes Description of Interest Expenses
(in million IDR) (in million IDR)
Description 2023 2022 Description 2023 2022
Loans 1,325,422 1,024,885 Current Accounts 45,939 40,805
Marketable Securities 313,068 271,938 Time deposits 587,476 401,874
Placement in Other Banks 40,168 17,521 Saving Accounts 17,405 15,924
Current Account Services 11,520 8,262 Interbank 15,334 3,825
Other 67,145 56,224
Total 1,690,178 1,322,606 Total 733,299 518,652
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Corporate Governance Corporate Information Financial Statement Annual Report 121
Management Analysis and Discussion
Other Operating Incomes Net Profit
Other Operating Income in 2023 amounted to IDR43.5 billion, Net Profit in 2023 was recorded at IDR241.3 billion, a significant
decrease compared to 2022 of IDR69 billion. increase of 77.5% or IDR105.3 billion compared to the previous
year, and above the bank's business plan target by 57.7% or IDR88.3
Other Operating Expenses billion.
Other Operating Expenses in 2023 amounted to IDR543.8 billion, Balance Sheet
an increase of 2.7% or IDR14.4 billion compared to the previous
year. If compared to the Bank's business plan, the realization of
Total Assets
Other Operating Expenses is still below the Bank's business plan
by 0.6% or IDR4.7 billion. Labor Expenses were below the business The Bank's total assets as of December 2023 amounted to IDR27.8
plan by 1.6% or IDR5.5 billion. trillion, an increase of 11.31% (yoy) or IDR2.8 billion. The increase
in total assets was mainly due to a increase in marketable
Allowance for impairment losses (CKPN)/Impairment securities of IDR648 billion, as well as a increase in deposits of
IDR2.04 billion.
The provision for impairment losses in 2023 of IDR154 billion, a
decrease of 10.98% or IDR19 billion, compared to the previous year, Equity
in line with the improvement in credit quality, with the gross NPL
ratio decreasing from 3.40% at the end of 2022 to 2.87% at the end Total Equity reached IDR6.5 trillion at the end of 2023, a slight
of 2023. Compared to the Bank's business plan, the realization of increase compared to the position at the end of 2022.
provision for impairment losses was above the bank's business plan
by 21.2% or IDR27 billion. Loans Disbursed
Profit Before Tax Loans amounted to IDR19.3 trillion at the end of 2023, an increase
of 16% or IDR2.6 trillion compared to the end of 2022, above
Profit before tax expense of IDR310 billion, a significant increase of the Bank's business plan target of IDR237.9 trillion which was
IDR134 billion or 76.26% y-o-y from last year. As explained earlier, partly due to the delay in a number of project financing
the increase was mainly due to lower interest cost on deposits, and disbursements. Credit quality improved with gross NPL ratio
due to lower labor cost offset by higher CKPN cost. Compared to declining to 2.87% from 3.40% previously. While on a net basis,
the bank's business plan (RBB), the achievement of Profit Before NPL ratio decreased to 0.77% compared to the end of the
Tax was above target by 51.8% or IDR105.8 billion. previous year of 0.93%.
Loans Loans/Assets
(in million IDR) (in million IDR)
Assets Loans
20,000,000
15,000,000
27,851,947
26,156,094
25,022,953
25,235,276
19,359,977
16,687,285
13,772,663
14,729,081
13,858,412
10,000,000
18,893,684
19,359,977
16,687,285
14,729,081
13,858,412
13,722,663
5,000,000
-
2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
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122 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
Third Party Funds
Third Party Funds (TPF) at the end of 2023 reached IDR19.9 trillion, an increase of 11.37% or IDR2,040 billion compared to the end of 2022,
and below the bank's business plan of 2.1%. The Bank seeks to improve the effectiveness of its intermediary function by optimizing LDR.
At the end of 2023, the Bank recorded total Current Accounts reaching IDR3.1 trillion, an increase of 4.6% or IDR136.8 billion, from the
end of 2022 position, and below the Bank's business plan by 26.0%. While the amount of Savings at the end of 2023 reached IDR1 trillion,
an increase of 2.8% or IDR29.6 billion from the position in 2022 and below the Bank's business plan by 4.3%. Time deposit at the end of
2023 reached IDR15.7 trillion, above the Bank’s business plan by 4.7%. CASA ratio was 21.09% at the end of December 2023, down from
22.56% at the end of 2022 and below the bank's business plan of 26.26%.
Savings continue to be developed by the Bank to meet the transaction needs of individual, SME and corporate customers in order to
compete more competitively.
The level of customer confidence in the Bank is also well maintained, reflected in the good growth of deposits with reasonable interest
rates.
(in million IDR)
Description 2023 2022
Current Account 3,126,957 2,990,153
Saving Account 1,087,415 1,057,862
Time Deposit 15,772,440 13,898,563
Total 19,986,812 17,946,578
TPF TPF and LDR
(in million IDR)
Current Account
16%
20,000,000
Saving Account 96.86% 71.59% 79.82%
93.02%
5% 15,000,000
19,986,812
17,496,578
19,274,009
18,452,403
107.75%
10,000,000
12,861,778
Time Deposit 5,000,000
79%
-
2023 2022 2021 2020 2019
TPF LDR
Page 123
Corporate Governance Corporate Information Financial Statement Annual Report 123
Management Analysis and Discussion
Financial Ratios of 2.65%. This is due to profit after tax which is higher than the
bank's business plan.
Capital Adequacy Ratio
Net Interest Margin
The Minimum Capital Adequacy Ratio (CAR) at the end of 2023
amounted to 37.45% or increased compared to the position NIM ratio in 2023 was 4.18%, an increase compared to the previous
at the end of 2022 of 32.73% due to an increase in credit risk- year of 3.54% and higher than the Bank's business plan target of
weighted assets. The CAR position is higher than the Bank's 3.68%, due to a decrease in interest on deposits.
Business Plan target of 35.97%.
Expense to Income Ratio
Non-Performing Loan Ratio
BOPO ratio in 2023 is 82.76%, or a decrease compared to the previous
The gross NPL ratio decreased to 2.87% at the end of 2023 compared year, namely 87.76%. Compared to the ratio targeted in the Bank's
to the end of 2022 position of 3.40% and below the bank's business business plan of 87.78%, the realization of BOPO in 2023 was higher
plan of 3.95%. Meanwhile, the net NPL ratio also decreased to 0.77% due to an increase in loan interest income.
compared to the position at the end of last year of 0.93%.
Loan to Deposit Ratio
Return on Assets
Loan to Deposit Ratio (LDR) position at the end of December
Return on Assets (ROA) as of the end of December 2023 was 1.22%, 2023 was 96.86%, higher than the position at the end of 2022 of
an increase compared to the position at the end of 2022 of 0.69%, 92.98% and also higher than the Bank's business plan target of
higher than the Bank's business plan of 0.79%. 93.65%. The Bank strives to improve the effectiveness of its
intermediary function by optimizing LDR, while maintaining
Return on Equity liquidity at a safe level, with an LCR (Liquidity Coverage Ratio) of
241.1% and NSFR (Net Stable Funding Ratio) of 132.63% at the
Return on Equity (ROE) in 2023 amounted to 4.11%, an increase end of 2023, above the minimum level set by the regulator of
compared to the previous year of 2.40% and higher than the target 100%.
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124 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
Cash Flow Development
Description 31 December 2023 31 December 2022
Operating Cash before Changes in Operating Assets and Liabilities 430,332 363,039
Net Cash from (Used for) Operating Activities 2,988,748 (1,423,770)
Net Cash from (Used for) Investing Activities (3,619,104) 171,319
Net Cash from Financing Activities (10,629) (12,924)
Net Increase in Cash and Cash Equivalents (640,985) (1,265,375)
Cash and Early Year Cash Equivalents 2,602,352 3,799,349
Effect of Changes in Foreign Currency (11,705) 68,378
Cash and End of Year Cash Equivalents 1,949,662 2,602,352
Cash Flow from Operating Activities
Net cash flows from operating activities amounted to a deficit of IDR2,988,748 million with the largest gain coming from a decrease in
interest income, fees and commissions, other operating income, increase in receivables from securities purchased under resale agreements,
decrease in derivative liabilities, increase in acceptance liabilities, increase in other liabilities, increase in third party deposits. While its use
in terms of operating activities for payment of interest and other financial expenses, payment of general and administrative expenses,
labor costs, payment of income taxes, purchase of securities for sale, increase in acceptance receivables, payment of other expenses and
payment of accounts payable.
Cash Flow from Investing Activities
In 2023, cash outflows from investing activities for the acquisition of fixed assets amounted to IDR16 billion and the purchase of marketable
securities amounted to IDR3.6 trillion, while cash inflows included proceeds from the sale of repossessed collateral and fixed assets
amounting to IDR9.9 billion. So that the net cash flow from investing activities was a deficit of IDR3.6 trillion.
Material Commitments for Investment in Capital Goods
Details of the Company's capital expenditures are as follows:
Description 31 December 2023 31 December 2022
Land - -
Building 515 302
Asset Repairment 134 976
Office Inventories 8,003 3,917
Car 79 -
Assets under Construction 7,635 3,575
Total 16,366 8,770
Sources of funds used for capital expenditures come from internal sources. Historically, the Bank has a good level of leverage and was
able to finance capital expenditures.
The Company's capital expenditures are mostly aimed at strengthening the Company's operations in order to support the Company's
operational and financial performance. The purchase of capital goods to the Company's performance affects the ability of the
Company's infrastructure to handle fast-growing and high operational activities, as well as meeting the needs of increasingly
complex, online and timely regulatory reporting, the ability to fulfill statistical data for risk management reporting and management
of the Company.
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Corporate Governance Corporate Information Financial Statement Annual Report 125
Management Analysis and Discussion
Operational Review Per Business Segment
Funding
To improve its performance in achieving third party funds throughout 2023, the Bank implemented a number of initiatives including:
1. To increase CASA, CCB Indonesia has consistently developed information technology systems, especially electronic delivery channels.
2. In the effort to increase total current accounts, working with corporate customers to increase the volume of business and transactions
in the Bank, by requiring them to use their account at CCB Indonesia as the main corporate account.
3. Time deposits are maintained proportionally by setting a competitive interest rate policy within reasonable limits.
(in million IDR)
Product December 2023 December 2022 Growth Percentage
Current Account 3,126,957 2,990,153 136,804 4.57%
Saving Account 1,087,415 1,057,862 29,553 2.79%
Time Deposit 15,772,440 13,898,563 1,873,787 13.48%
Total 19,986,812 17,946,578 2,040,235 11.37%
Corporate Loans
(in million IDR)
Corporate December 2023 December 2022 Growth %
Total Corporate Loans 9,134,978 7,451,584 1,683,394 22.59%
Loan distribution in the Corporate Banking segment in 2023 increased significantly in line with increasing utilization of working
capital and project financing facilities. By prioritizing prudence and thorough analysis, the quality of credit assets can still be
maintained well.
The realization of lending from the Corporate Banking segment until the end of 2023 reached IDR9.1 trillion or an increase of IDR1.7 trillion
from the position at the end of 2022.
The highest Corporate Banking loan disbursement is in the manufacturing sector at 34.28% of the current Corporate Banking asset
portfolio, followed by power plant, water treatment and infrastructure at 32.05%, financing at 9.55%, construction at 8.82%, and others
15.30%. In addition to growth in loan assets, there was also growth in fee-based income.
Commercial Loans
In 2023, the loan portfolio of the commercial loan segment also showed an increase in line with the recovery of post-pandemic economic
conditions, while still adhering to prudent and conservative principles.
(in million IDR)
Financing Type December 2023 December 2022 Growth %
Working Capital 4,757,923 3,810,509 947,414 24.86%
Investment 3,088,831 2,989,145 99,686 3.33%
Total Commercial Loans 7,846,754 6,799,654 1,047,100 15.40%
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126 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
Small Business Segment (SME) Loans
In 2023, lending to the small business segment was consolidated, and decreased compared to the previous year, while still maintain
credit quality.
(in million IDR)
SME Loan December 2023 December 2022 Growth %
Total SME Loans 901,858 931,982 (30,124) (3.23%)
Consumer Loans
To increase the consumer lending portfolio, especially Home Ownership Loans, the Bank continues the initiative of collaborative programs
with large developers, holding virtual customer gatherings during the pandemic, providing rewards programs, both internal and external,
holding attractive marketing programs, and other promotional media, by utilizing websites and media for marketing expansion. Consumer
loans experienced growth compared to the previous year.
(in million IDR)
Product December 2023 December 2022 Growth %
Primary Mortgage 1,005,996 1,053,223 (47,227) (4.5%)
Secondary Mortgage 309,433 315,711 (6,278) (1.99%)
Other Mortgage 133,199 116,006 17,193 14.82%
Other Products 27,759 19,124 8,635 45.15%
Total Consumer Loans 1,476,387 1,504,064 (27,677) (1.87%)
Public Offering side. All regions are expected to have significant economic
During the fiscal year 2023, the Company did not hold any Public development as domestic demand improves.
Offering, hence no information needs to be disclosed.
Banking intermediation will expand in 2023 and is expected to
Material Transaction continue until 2024. The financial system, particularly banking,
remains resilient in terms of capital and liquidity. Bank Indonesia
During the 2023 financial year there were no Material Transactions continues to ensure payment system stability and efficiency by
in accordance with applicable regulations, hence there is no strengthening policies and increasing digitization in order to sustain
information that needs to be disclosed. the economic recovery momentum.
Business Outlook Furthermore, the banking industry's performance in 2023 is on a
favorable trajectory, with banking and economic liquidity sufficient
In 2024, economic growth is expected to continue to increase, to stimulate increasing credit/financing and economic recovery.
driven by domestic demand, particularly continued growth in Optimism regarding banking performance stems from the anticipation
consumption, including the positive impact of holding elections, that credit distribution would continue to improve, resulting in
and increased investment, particularly in buildings, in line with the increased profits and capital. This is consistent with Bank Indonesia's
continued development of the National Strategic Program (PSN), (BI) projections for banking industry loan growth in 2024, which
including the Archipelago Capital (IKN). Investment is also expected are expected to expand by 10-12% due to the country's solid
to rise, led by improved business prospects and increased foreign economic conditions.
investment (PMA) inflows.
In the Macroeconomic Framework and Principles of Fiscal Policy
Meanwhile, export performance is expected to be sluggish as a for 2024, the Government assumes economic growth in 2024 of
result of the global economic downturn and falling commodity 5.1% to 5.7%.
prices. Bank Indonesia will continue to increase the synergy between
the government's fiscal stimulus and macroprudential stimulus to The challenges for CCB Indonesia is the banking industry's
promote economic growth, particularly from the domestic demand growing tight competitiveness, both in terms of assets and
Page 127
Corporate Governance Corporate Information Financial Statement Annual Report 127
Management Analysis and Discussion
liabilities, including margin spreads. The Bank consistently sets The disbursement of new quality loans is intended to achieve
interest rates that are competitive and reasonable. Global the loan growth target in 2024 and improve the Bank's profitability.
economic uncertainty, notably owing to rising inflation and
interest rates, has the potential to slow down economic growth Meanwhile, the growth of third party funds (TPF) will be carried
and asset quality in terms of consumers' capacity to fulfill their out in line with the growth of lending, by maintaining the Loan to
commitments. Deposits Ratio position in accordance with management policy.
The target of fund raising is to gradually increase the portion of the
Owing to CCB Corporation's specialization in infrastructure portfolio of more efficient sources of funds, namely Savings and
financing, CCB Indonesia is optimistic that it can grow strongly Current Accounts, with wider customer diversification and not
and contribute significantly to Indonesia's development, especially relying on a certain group of customers. This increase in CASA is to
in the infrastructure sector. CCB Corporation as the majority minimize costs, but keep the funding position under control, so
shareholder is committed to the development of CCB Indonesia, that the liquidity position is maintained and the acquisition of
both through strong capital support, as well as the transfer of better spread margins. The fierce competition in the banking sector
business knowledge, improved compliance and risk management for deposits does not solely depend on the number of office
and information technology as well as operational support. networks, but also on the reliability of technology such as internet
and mobile banking. CCB Indonesia has consistently developed
Marketing Strategy information system technology; internet banking has been gradually
implemented in previous years and has been able to serve corporate
Given the Indonesian economy's potential for growth and relatively and individual customers.
solid business growth, the Bank has developed a realistic business
strategy by taking into account various factors. In 2024, the Bank will continue to develop technology geared
towards digital banking. This move is for the convenience and
CCB Indonesia sharpened its fund disbursement strategy while still comfort of customers, especially current and savings customers.
adhering to the prudential and conservative principles, especially The development of innovative products to encourage the collection
in terms of lending to the corporate banking segment, retail sector, of funds to increase CASA through attractive promo programs.
namely commercial and small and medium scale enterprises (SMEs),
as well as consumer banking. Meanwhile, time deposit products as the foundation of bank funds
are maintained proportionally by setting competitive interest rate
In addition, secondary reserve management in securities and policies within reasonable limits.
interbank placements. In developing bank activities, as an
alternative investment instrument and other sources of income Public trust needs to be enhanced with sound and transparent
for the Bank, such as placement in securities such as Bank bank management (good corporate governance) and excellent
Indonesia Certificates, Government Securities, Retail Sukuk, service quality, attractive customer choice products, and competitive
corporate bonds, taking into account the yield obtained, tenor interest rate policies. With CCB Corporation as the controlling
and security, and maximizing the return on bank investment in shareholder, it is expected to further strengthen public confidence
securities. in CCB Indonesia.
Lending will be distributed to commercial loans for working Target / Projection for the coming year
capital and investment financing, as well as consumer loans.
For the effectiveness of lending, the Bank will continue to CCB Indonesia is carefully planning its future strategic initiatives
adhere to prudential banking principles and maintain loan geared towards:
quality. 1. Develop business carefully and conservatively in the corporate
banking segment, along with the retail segment, namely
In terms of pricing, the Bank offers competitive rates to penetrate commercial banking and small and medium scale enterprises
the market. Each branch office monitors and provides information (SMEs), as well as consumer banking, taking into account the
on prevailing interest rates in the local area. Loan processing is harmony of economic, social and environmental interests.
expedited through the application of the integrated Loan Originating 2. Ensure adequate CAR for business development in 2024 and
System (LOS), and conservative and prudential banking principles beyond.
are the main guidelines. 3. Consistently improving the implementation of good corporate
governance (GCG) and enhancing the risk management system
The quality of loans disbursed, both new, additional, and ongoing to a more advanced level.
loans, is properly monitored and evaluated utilizing Post-loan 4. Optimization of existing offices, towards the development of
Monitoring Management. digital banking.
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128 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
5. Improving the quality of human capital by increasing the scale Dividend Policy
of training programs and more diverse development
opportunities. All issued shares of the Company shall have the same and equal
6. Strengthening IT system infrastructure to improve the rights in all respects with existing shareholders, including the right
effectiveness, efficiency and capability of the bank's business. to dividends, in accordance with the provisions of the Company's
Development and utilization of technology to manage risk, Articles of Association and prevailing laws and regulations.
facilitate control, AML and anti-fraud functions as well as product
and service development. The amount of cash dividend payment will be adjusted based on
the profit earned by the Company in the relevant fiscal year, without
For financial projections in 2024, Loans are targeted to increase by prejudice to the right of the Company's GMS to determine otherwise
13.59% compared to the end of 2023, Third Party Funds are projected in accordance with the provisions of the Company's Articles of
with the same growth of 15.82%, while Total Assets are projected Association and the prevailing laws and regulations in the banking
to increase by 11.23%, when compared to the end of 2023. Profit sector.
after tax is targeted at IDR253 billion, an increase of 4.90% compared
to the end of 2023. The Company's management plans to distribute dividends if there
is a cash surplus from operating activities after the funds are set
Projected financial ratios for 2024 include: gross NPL ratio of aside for reserve funds, financing activities, capital expenditure
3.10%, net NPL ratio of 0.52%; CAR of 34.55%; LDR of 95.00%; plans and working capital of the Company, amounting to a
NIM of 3.86%; ROA of 1.12% and ROE of 4.12%. In developing maximum of 20% (twenty percent) of the Company's consolidated
business volume, the Bank always adheres to the principle of net profit, for each year. While at least 80% (eighty percent) will
prudence. be used to strengthen the Company's capital. However, if necessary,
from time to time the Company may not distribute dividends to
Capital Plan the Company's Shareholders. Since the Initial Public Offering in
June 2007, the Company has never paid dividends. There are no
CCB Indonesia always ensures adequate Capital Adequacy Ratio negative covenants in relation to third party restrictions on the
(CAR) for business development. distribution of dividends. In the last 2 (two) years, the Bank has
not paid dividends, as profit generation is still prioritized to
Conservatively, the Bank maintains capital ratios in accordance with strengthen the capital structure.
applicable regulations. CAR is maintained at a safe level, taking into
account capital add on based on risk profile assessment, as well as Additional Information
capital buffer in accordance with Basel III implementation. CAR is
projected to be 34.55% by the end of 2024 and total core capital There is no material information, regarding investment, expansion,
is projected to be IDR6.30 trillion by the end of 2024. divestment, business merger / consolidation, acquisition, debt/
capital restructuring, and transactions containing conflict of interest,
Organic capital addition will also occur through CCB Indonesia's which occurred in the financial year 2023.
earnings in the coming years. The Bank also seeks to drive
revenue growth through fee-based income, in addition to interest Transactions with Related Parties
income.
In carrying out its business activities, the Company also conducts
The Bank carefully considers various uncertainties that may occur, certain transactions with related parties. There are no transactions
considering the potential impact of changes in the macroeconomy, with related parties either directly or indirectly related to the
market environment, regulatory policies, asset quality, and business Company's main business activities, which are defined as conflict
development on capital requirements and availability, and reflects of interest transactions based on BAPEPAM-LK regulation No. IX.E.1
this in its capital raising arrangements and capital management "Conflict of Interest". In this financial report, the term related party
measures. The Bank conducts stress testing using ICAAP on capital is in accordance with PSAK No. 7 (Revised 2010) concerning "Disclosure
adequacy in anticipation of risks. of Related Parties".
Page 129
Corporate Governance Corporate Information Financial Statement Annual Report 129
Management Analysis and Discussion
The following is the table of Provision of Funds to Related Parties at the end of 2023.
Balance as of
Description 31 December 2023 Condition and Treatment of the transaction
(in million IDR)
Board of Commissioners, Directors, Executive Officers 6,569 In accordance with applicable procedures.
and Key Employees There is no preferential treatment.
Accrued interest income 15 In accordance with applicable procedures.
There is no preferential treatment.
Total 6,584
Performance Review Per Business Segment from Revenue and Profitability
31 Desember 2023/31 December 2023
Kredit Treasuri Ekspor-impor Pendapatan Total
Loans Treasury Trade finance dan beban
yang tidak
dapat dialokasi
Unallocated
income and
expenses
Pendapatan Income
Pendapatan bunga 1,325,422 364,756 - - 1,690,178 Interest income
Pendapatan lainnya - - 4,813 53,865 58,678 Other income
Jumlah pendapatan 1,352,422 364,756 4,813 53,865 1,748,856 Total income
Beban Expenses
Beban bunga - (34,153) - (699,146) (733,299) Interest expense
Beban lainnya - (1,802) - (703,954) (705,756) Other expenses
Jumlah beban - (35,955) - (1,403,100) (1,439,055) Total expenses
Segmen - neto 1,352,422 328,801 4,813 (1,349,235) Segment - net
Laba sebelum
beban pajak 309,801 Income before tax
expense
Beban pajak (68,510) Tax expense
Laba tahun berjalan 241,291 Income for the year
Aset segmen 18,846,417 7,312,413 - 1,693,116 27,851,946 Segment assets
Liabilitas segmen (461,910) (324,650) (9,992) (20,514,837) (21,311,389) Segment liabilities
Segmen - neto 18,384,507 6,987,763 (9,992) (18,821,721) 6,540,557 Segment - net
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130 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
Prime Lending Rate incurred for fund raising and lending activities and the profit margin
component set by the Bank in lending activities. For the record,
All Commercial Banks conducting conventional business activities the calculation of SBDK does not take into account the risk premium
have an obligation to report and publish the Prime Lending Rate component of the debtor, the amount of which depends on the
(SBDK) in Rupiah currency as stipulated in OJK Regulation No.37/ assessment of the risk of each debtor. Therefore, the amount of
POJK.03/2019 concerning Transparency and Publication of Bank credit interest rate charged to debtors is not necessarily the same
Reports and OJK Circular Letter No.9/SEOJK.03/2020 concerning as the Prime Lending Rate.
Transparency and Publication of Conventional Commercial Bank
Reports. CCB Indonesia has an obligation to report the calculation of the
Prime Lending Rate to OJK on a monthly and periodic basis and
The reporting and publication of Prime Lending Rate is one of the to publish it in the wider media. Prime Lending Rate calculation
efforts taken by the Bank to provide clarity to customers and facilitate applies to corporate loans, retail loans and consumer loans (mortgage
customers in weighing the benefits, costs and risks of credit offered. and non-mortgage). The classification of corporate loans, retail
In addition, the Prime Lending Rate is also an effort to improve good loans and consumer loans (mortgages and non-mortgages) is
governance and encourage healthy competition in the banking based on internal criteria used by the Bank.
industry, among others, through the creation of better market discipline.
In determining the Prime Lending Rate (Prime Lending Rate), CCB
The Bank uses the Prime Lending Rate as an indicator of the amount Indonesia considers the compatibility of the Prime Lending Rate
of credit interest rates that will be charged to customers so that movement with regulatory policies, trends in the movement of the
CCB Indonesia constantly updates the Prime Lending Rate in BI 7-Day Reverse Repo Rate and average market interest rates. In
accordance with the movement of the BI 7-Day Reverse Repo Rate addition, operational costs and cost of funds at the Bank are also
set by Bank Indonesia. The Prime Lending Rate calculation considers important factors for CCB Indonesia in determining the Prime Lending
3 (three) components, namely the Cost of Funds for Credit (HPDK) Rate to remain competitive in the market. The Prime Lending Rate
arising from customer fund raising activities, operational expenses for 2023 is as follows:
Prime Lending Rate by Credit Segmentation
Loans Consumer Loans BI 7DRR
Corporate Retail Mortgage Non-Mortgage
2023
March 7.71% 8.57% 8.24% 8.33% 5.75%
June 7.59% 7.83% 8.02% 8.82% 6.00%
September 7.41% 8.03% 7.80% 8.79% 6.00%
December 7.55% 7.42% 8.29% 9.63% 6.00%
2022
March 7.26% 7.26% 7.26% 7.26% 3.50%
June 7.19% 7.19% 7.19% 7.19% 3.50%
September 6.86% 7.42% 7.06% 7.16% 4.25%
December 6.75% 7.54% 6.96% 6.95% 5.50%
CCB Indonesia categorizes loans for the calculation of SBDK based on business segments as follows:
1. Corporate loans which are loans granted to Corporate Banking and High-End Commercial customers;
2. Retail loans which include loans granted to Small and Medium Enterprise Commercial Banking customers;
3. Mortgage consumption;
4. Non-mortgage consumption loans (Multipurpose).
Information on the Prime Lending Rate applicable at any time can be seen in the publications at each branch office and/or CCB Indonesia
website (https://idn.ccb.com/en/prime-lending-rate).
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Management Analysis and Discussion
Changes in Laws and Regulations and Accounting Policies
The business activities carried out by the Bank are regulated by a series of policies set by the Financial Services Authority, Bank Indonesia
and other Indonesian laws and regulations. In addition, the Bank's business activities and business development are also affected by a
series of policies, the results of operational conditions and financial conditions. Some of the changes in laws and regulations that occurred
throughout 2023 that had a significant impact on CCB Indonesia are as follows:
Table of Changes in Law & Legislation:
No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
1 SEOJK No. 29/ Cyber Resilience a. Bank is required to have a unit or function dedicated a. CCB Indonesia has established a unit or
SEOJK.03/2022 and Security for to handling the cyber resilience and security of the function dedicated to the cyber resilience
Commercial Banks bank. and security of the bank.
b. Bank is obliged to conduct assessment on: b. CCB Indonesia has conducted assessment on:
• Inherent Risks Related to Cyber Security • Inherent Risks Related to Cyber Security
• Level of Cyber Security Maturity • Level of Cyber Security Maturity
c. Bank is required to establish Cyber Security Risk c. CCB Indonesia has determined Cyber Security
Determination. Risk as of the end of December 2022.
d. Bank is mandated to conduct Cyber Security Testing d. CCB Indonesia has conducted Cyber Security
Based on Vulnerabilities and Scenarios. Testing Based on Vulnerabilities and Scenarios
as of the end of December 2022.
The results of:
• Determination of Cyber Security Risk
Level
• Cyber Security Testing Based on
Vulnerabilities
• Cyber Security Testing Based on Scenarios
• Assessment of Inherent Risks Related to
Cyber Security
• Results of Cyber Security Maturity Level
Assessment
have been reported to OJK on June 27, 2023,
via Letter No. 162/CCBI/DDIR-OJK/VI/2023 dated
June 26, 2023.
2 SEOJK No. 28/ Risk Management • The validity period of the Risk Management Certificate CCB Indonesia will monitor to ensure that human
SEOJK.03/2022 Certification for is 3 (three) years from the date of issuance, and it may resources participate in the human resource
Human Resources be extended. The validity period of the extension of quality development program through Risk
of Commercial the Risk Management Certificate is 3 (three) years after Management Certification and maintain the
Banks the expiration date of the previous Risk Management validity of the Risk Management Certificate they
Certificate. hold, in accordance with SEOJK No. 28/
• Bank is required to monitor and to ensure that human SEOJK.03/2022.
resources participate in the human resource quality
development program through Risk Management
Certification and maintain the validity of the Risk
Management Certificate they hold.
3 PADG No. Report on the Banks are required to submit a Report on the Implementation CCB Indonesia has submitted the Report on the
24/20/ Implementation of of the Market Code of Ethics and Treasury Certification Implementation of the Market Code of Ethics
PADG/2022 Market Code of Implementation to Bank Indonesia. and Treasury Certification Implementation to
Ethics and Treasury Bank Indonesia on January 24, 2023, through
Certification the Bank Indonesia system.
Implementation
4 PADG No. Implementation Banks are required to submit a report on the certification CCB Indonesia has submitted a report on the
22/3/ of Competency ownership of Competency Standardization in Payment ownership of the SK SPPUR certificate via letter
PADG/2020 Standardization in Systems and Rupiah Management on a quarterly basis. No. 134/CCBI/DDIR-BI/VI/2023 dated June 8,
Payment Systems 2023.
and Rupiah
Management
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132 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
5 POJK No. 27 of Second Banks classified as group of core capital 2, group of core Currently, CCB Indonesia is classified as a group
2022 Amendment to capital 3, and group of core capital 4 are required to of core capital 1 (KBMI 1) bank.
Financial Services establish a Capital Conservation Buffer.
Authority
Regulation No. 11/
POJK.03/2016
Regarding the
Obligation to
Provide Minimum
Capital for
Commercial Banks
6 UU RI No. 27 Personal Data Banks are required to comply with the provisions stipulated The Bank will adhere to the provisions stipulated
of 2022 Protection in Indonesian Law No. 27 of 2022. in Indonesian Law No. 27 of 2022.
7 KDK No. 34/ Designation of • In the implementation of such special treatment, banks • In the event that the Bank will implement
KDK.03/2022 Accommodation need to establish risk management, including assessing special treatment for debtors in the
and Food and the debtor's sustainability that will be restructured, accommodation and food and beverage
Beverage Sectors, calculating reserves based on the debtor's condition sectors, textile and textile product sectors,
Textile and Textile and performance according to financial accounting as well as footwear, micro, small, and medium-
Product Sectors, standards, and other risk management efforts as sized enterprise segments, and Bali Province,
as well as stipulated in the fifth dictum of the Special Treatment. the Bank will establish risk management,
Footwear, Micro, • Banks are required to submit reports consisting of: including assessing the sustainability of
Small, and a. Credit or Financing Stimulus Report and/or Provision debtors to be restructured, calculating
Medium-sized of Other Funds Assessed Based on Accuracy of reserves based on the condition and
Enterprises, and Payment on a quarterly basis; performance of debtors according to financial
b. Credit Stimulus or Restructuring Financing Report accounting standards, and other risk
Bali Province as
on a quarterly basis; and management efforts as stipulated in the
Sectors and
c. Credit Stimulus or Restructuring Financing dictum.
Regions Requiring
Recapitulation Report on a monthly basis. • CCB Indonesia has submitted a monthly
Special Treatment
Credit Stimulus or Restructuring Financing
for Bank Credit or Recapitulation Report.
Financing - April 2023 Position, submitted via Letter
No. 121/CCBI/DDIR-OJK/V/2023 dated
May 24, 2023
- May 2023 Position, submitted via Letter
No. 121/CCBI/DDIR-OJK/VI/2023 dated
June 21, 2023
For the Quarterly Reports, CCB Indonesia
will submit before the end of July 2023
8 PADG No. 1 of Second Adjustment of the provision of information regarding the CCB Indonesia has received information regarding
2023 Amendment to provision of Incentives to Banks by Bank Indonesia for the the provision of incentives from Bank Indonesia
Member of the incentive period: in March 2023 and April 2023.
Board of Governors a. For the month of March 2023, to be completed no
Regulation No. later than the beginning of March 2023; and
24/4/PADG/2022 b. For the month of April 2023 to May 2023, to be completed
Regarding the no later than the beginning of April 2023.
Implementation
Regulation of
Incentives for
Banks Providing
Funding for
Specific and
Inclusive Economic
Activities.
9 Indonesia Types and Tariffs Regarding the types of Non-Tax State Revenues in the In the event that CCB Indonesia utilizes access
Government for Non-Tax State form of access services for the utilization of population services for the utilization of population data
Regulation No. Revenues data and documents for: and documents to perform Know Your Customer
10 of 2023 Applicable to the a. government agencies, social security organizers, (KYC) and Customer Due Diligence (CDD), CCB
Ministry of Home cooperatives, micro and small enterprises, a tariff of Indonesia will pay according to the tariff specified
Affairs IDR 0.00 (zero Rupiah) applies; and in Attachment to Government Regulation No.
b. telecommunication operators are subject to a tariff of 10.
50% (fifty percent) of the tariff as stated in the
Attachment, which is an integral part of this Government
Regulation, for the first 2 (two) years since the enactment
of this Government Regulation.
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Management Analysis and Discussion
No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
10 PADG No. 2 of Amendment to the The Minimum Mandatory Reserve (GWM) in Rupiah that In June 2023, CCB Indonesia received a Rupiah
2023 Regulation of the must be fulfilled by the Bank is 9% (Nine percent). GWM incentive of 0.4%, thus the mandatory
Board of Governors Rupiah GWM to be fulfilled by the Bank is 8.6%.
Number 24/8/ Currently, the fulfillment of Rupiah GWM at CCB
PADG/2022 Indonesia is 8.73%.
regarding the
Implementation
Regulation of
Fulfillment of
Minimum
Mandatory Reserves
in Rupiah and
Foreign Currency for
Conventional
Commercial Banks,
Sharia Commercial
Banks, and Sharia
Business Units.
11 POJK No. 3 of Enhancement of • Mandatory establishment of a function or unit for the • CCB Indonesia has established a function or
2023 Financial Literacy implementation of the provisions of POJK No. 3 of unit for the implementation of the provisions
and Inclusion in 2023. of POJK No. 3 of 2023.
the Financial • PUJK is obliged to compile and submit: • CCB Indonesia has submitted:
Services Sector for a. Financial Literacy report; and a. Financial Literacy report; and
Consumers and b. Financial Inclusion report, to the Financial Services b. Financial Inclusion report, to the Financial
Society Authority. Services Authority through letter No. 161/
CCBI/DDIR-OJK/VI/2023 dated June 26,
2023. CCB Indonesia will fulfill the obligations
stipulated in POJK No. 8 of 2023.
12 POJK No. 8 of Implementation • Banks are required to identify, assess, and understand the
2023 of Anti-Money risks of Money Laundering, Terrorism Financing, and/or
Laundering, Proliferation Financing of Weapons of Mass Destruction
Counter Terrorism concerning Customers, countries or geographical areas,
Financing, and products, services, transactions, or distribution networks.
Counter • Banks are required to submit the assessment documents
Proliferation of Money Laundering, Terrorism Financing, and/or
Financing of Proliferation Financing of Weapons of Mass Destruction
Weapons of Mass risks that have been prepared individually to the Financial
Destruction Services Authority, once a year.
• Banks must have policies, supervision, management, and
Programs in the
risk mitigation procedures for Money Laundering, Terrorism
Financial Services
Financing, and/or Proliferation Financing of Weapons of
Sector
Mass Destruction risks that can manage and mitigate the
identified risks approved by the Board of Commissioners.
13 PBI No. 4 of Short-Term In the event that CCB Indonesia receives Short-Term Currently, CCB Indonesia has not applied for
2023 Liquidity Loans for Liquidity Loans (PLJP), it is mandatory to submit reports PLJP as it has not experienced short-term liquidity
Conventional to Bank Indonesia with copies to the Financial Services difficulties.
Commercial Banks Authority (OJK), which include:
a. PLJP utilization report;
b. BUK liquidity condition report;
c. calculation report of the minimum capital adequacy ratio;
d. collateral report if there are:
1) corporate bonds or corporate sukuk that do not
meet the rating requirements set by Bank Indonesia;
2) settlement of Credits or Financing that serve as collateral
for PLJP by debtors or BUK customers; and/or
3) Credit Assets or Financing Assets experiencing a
deterioration in quality;
e. 30-day cash flow projection report for the next calendar
day, provided on a daily basis;
f. action plan to address Liquidity Difficulties; and
g. other reports requested by Bank Indonesia.
The submission of daily cash flow projection reports as
referred to in item e is carried out during the PLJP provision
period up to 1 (one) working day before the maturity date
or accelerated repayment date of the PLJP.
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Management Analysis and Discussion
No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
14 PBI No. 4 of Money Market Treasury Dealers from participants in the Money Market The bank is currently preparing to fulfill this
2023 and Foreign and/or Foreign Exchange Market transactions are required obligation.
Exchange Market to be registered with Bank Indonesia starting from 6 (six)
months from the effective date of this Bank Indonesia
regulation (December 27, 2023).
15 POJK No. 9 of Consumer 1. The obligations of Providers include: Currently, the Bank has fulfilled the obligations
2023 Protection by a. The obligation of Providers in Implementing the stipulated in Regulation No. 3 of 2023.
Bank Indonesia Principles of Equality and Fair Treatment.
b. The obligation of Providers in Implementing the
Principles of Openness and Transparency.
c. The obligation of Providers in Implementing the
Principles of Education and Literacy, such as
conducting education to enhance the literacy of
Consumers and/or the public.
d. The obligation of Providers in Implementing the
Principles of Responsible Business Behavior.
e. The obligation of Providers in Implementing the
Principles of Consumer Asset Protection against
Misuse.
f. The obligation of Providers in Implementing the
Principles of Consumer Data and Information
Protection.
g. The obligation of Providers in Implementing the
Principles of Effective Complaint Handling and
Resolution.
h. The obligation of Providers in Implementing the
Principles of Compliance Enforcement, such as
ensuring compliance with the provisions of laws
and regulations regarding Consumer Protection.
i. The obligation of Providers in Provider Cooperation,
such as ensuring that other parties engaged in
business activities with Consumers adhere to the
principles of Consumer Protection as regulated in
this Bank Indonesia Regulation.
2. Providers are required to implement risk management
related to Consumer Protection.
3. Providers are required to submit reports related to
Consumer Protection to Bank Indonesia.
16 POJK No. 9 of Utilization of 1. CCB Indonesia is obligated to submit periodic reports Considering that this POJK takes effect on July
2023 Public Accountant annually to the Financial Services Authority regarding: 11, 2023, for the submission of Reports on the
Services and a. The appointment of Public Accountants (AP) and appointment of AP and KAP, self-assessment
Public Accountant Public Accountant Offices (KAP) for the audit of results received from KAP, and the utilization of
Offices in annual historical financial information, accompanied AP and KAP services will be submitted via APOLO
Financial Services by documents: in 2024.
Activities. 1) The appointment of AP and KAP along with
the Audit Committee's recommendations and Reports on the appointment of AP and KAP,
the considerations used in providing self-assessment results received from KAP, and
recommendations; and the utilization of AP and KAP services in 2023
2) Self-assessment results received from KAP, no are submitted via SIPENA.
later than 10 (ten) working days after the
agreement between the Parties and KAP is
signed; and
b. The utilization of AP and KAP services, no later than
6 (six) months after the end of the fiscal year,
electronically through the Financial Services
Authority reporting system.
2. The submission of reports shall be complete and
accurate.
3. CCB Indonesia is required to prepare and submit
corrections for errors in reports electronically through
the Financial Services Authority reporting system.
4. In the event that the Financial Services Authority
reporting system cannot be used for the electronic
submission of reports and report corrections, the Parties
shall submit the reports offline to the Financial Services
Authority.
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No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
17 PBI No. 7 of Foreign Exchange Banks’ Obligations: The Bank has submitted Non-TT Transaction
2023 from Export 1. Bank's obligations regarding Supporting Documents for Reports, information, and reports regarding the
Proceeds and Export (DHE), include but are not limited to submitting receipt of Non-TT Supporting Documents for
Import Financing Non-TT Transaction Reports. Export (SDA) on January 5, 2024.
2. Bank's obligations related to the receipt, placement, and
utilization of Non-TT Supporting Documents for Export
(SDA):
a. Providing information and reports regarding the receipt
of Non-TT Supporting Documents for Export (SDA).
b. Ensuring that the utilization of Non-TT Supporting
Documents for Export (SDA) by Exporters complies
with the provisions.
c. Ensuring that funds from the special account for Non-
TT Supporting Documents for Export (SDA) to be
placed into placement instruments originate from
Non-TT Supporting Documents for Export (SDA).
18 PADG No. 4 of Foreign Exchange Banks’ Obligations:
2023 from Export 1. Submitting Non-TT Transaction Reports, equipped
Proceeds and with Export information, electronically to Bank Indonesia.
Import Payments 2. Providing information and reports regarding the receipt
of Supporting Documents for Export (DHE) fully,
accurately, and promptly to Bank Indonesia.
3. Ensuring the utilization of Non-TT Supporting Documents
for Export (SDA) by Exporters is in accordance with the
provisions.
4. Banks are required to facilitate the utilization of Exporters'
Non-TT Supporting Documents for Export (SDA)
placements to Bank Indonesia.
5. Ensuring that funds to be placed into Non-TT Supporting
Documents for Export (SDA) placements originate
from Non-TT Supporting Documents for Export (SDA).
19 PADG No. 5 of Second 1. Banks are required to verify the data and information The Bank has verified the data and information
2023 Amendment to obtained from customers to ensure the accuracy of obtained from customers to ensure the accuracy
Regulation the Foreign Exchange Traffic Report (LLD). of the Foreign Exchange Traffic Report (LLD).
Number 21/28/ 2. For export transactions, banks must verify the Supporting
PADG/2019 Documents for Export (DHE) to ensure that the data The LLD Report has been submitted to Bank
concerning and information provided by customers match the Indonesia on January 15, 2024.
Monitoring of Supporting Documents for Export.
Foreign Exchange 3. Banks must verify the consistency between the Outward
Transactions of Fund Transfer order and the Supporting Documents
Banks and for Outward Fund Transfer submitted by customers,
Customers including the recipient's name and payment amount.
4. Banks must provide an explanation to customers that
the accuracy and/or consistency of the Supporting
Documents for Outward Fund Transfer and the
declaration letter for Outward Fund Transfer are the
responsibility of the customers.
20 PBI No. 8 of Revocation of 1. The Government has declared the end of the COVID-19 The Bank will adjust the implementation of
2023 Bank Indonesia pandemic status in Indonesia through the issuance of several Bank Indonesia provisions as a result of
Regulation Presidential Decree Number 17 of 2023 concerning the Corona Virus Disease 2019 (COVID-19)
Number 22/7/ the Determination of the End of the Corona Virus pandemic.
PBI/2020 Disease 2019 (COVID-19) Pandemic Status in Indonesia.
Regarding 2. With the end of the COVID-19 pandemic status, Bank
Adjustment of the Indonesia Regulation Number 22/7/PBI/2020 regarding
Implementation Adjustment of the Implementation of Several Bank
of Several Bank Indonesia Provisions as a Result of the Corona Virus
Indonesia Disease 2019 (COVID-19) Pandemic is no longer relevant,
Provisions as a thus it needs to be revoked.
Result of the 3. Upon the effective date of this Bank Indonesia Regulation,
Corona Virus Bank Indonesia Regulation Number 22/7/PBI/2020
Disease 2019 regarding Adjustment of the Implementation of Several
(COVID-19) Bank Indonesia Provisions as a Result of the Corona
Pandemic Virus Disease 2019 (COVID-19) Pandemic is revoked
and declared null and void.
4. Policies established by Bank Indonesia based on Bank
Indonesia Regulation Number 22/7/PBI/2020 regarding
Adjustment of the Implementation of Several Bank
Indonesia Provisions as a Result of the Corona Virus Disease
2019 (COVID-19) Pandemic may still be implemented
until Bank Indonesia adjusts the said policies.
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136 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
21 POJK No. 17 of Implementation 1. In general, this POJK is the result of consolidating • As of now, Controlling Shareholders
2023 of Governance for several relevant existing POJKs and includes additional consistently support and strive to strengthen
Commercial Banks new regulations that impact Shareholders, Independent the Bank's capital and refrain from actions
Commissioners, Directors, Reporting, GCG Assessment, that may expose the Bank to risks.
and gradual imposition of fines. The impacts of this • As of now, there have been no terminations
POJK are as follows: or replacements of Independent
• Controlling Shareholders of Banks must: Commissioners, President Directors, directors
a. Support and implement efforts to strengthen in charge of compliance before the end of
the bank's capital; and their term.
b. Refrain from actions that may expose the Bank • Currently, the Bank has developed corporate
to risks. and business plans for the years 2024-2026,
• Termination or replacement of Independent submitted to the OJK in November 2023.
Commissioners, President Directors, directors in • The Bank will submit its governance
charge of compliance before the end of their term implementation report for the year 2023 no
must obtain prior approval from the Financial later than April 2024.
Services Authority (OJK) before being decided at • Currently, the Bank is preparing data/
the General Meeting of Shareholders. information for the self-assessment of Good
2. Reporting: Governance implementation at the Bank for
• Strategic Plan: Banks must prepare and submit a the second semester of 2023 using the 16
strategic plan in the form of: assessment factors as stipulated in POJK 17
a. Corporate plans; and of 2023.
b. Business plans, following the procedures outlined • As of now, the Bank has never received
in the Financial Services Authority regulations warnings or fines related to governance
regarding commercial banks, and Financial reporting or other obligations stipulated in
Services Authority regulations regarding bank POJK 17 of 2023. The Bank will always comply
business plans. with the provisions stipulated in POJK 17 of
• Submitting a governance implementation report 2023
at the end of each financial year to the Financial
Services Authority and the controlling shareholders
of the Bank no later than 4 (four) months after the
end of the financial year.
• Conducting a self-assessment of Good Governance
implementation at least 2 (two) times a year. The
factors for assessing Good Governance
implementation as stipulated in POJK 17 of 2023
include: the execution of duties and responsibilities
of the Board of Directors; the execution of duties
and responsibilities of the Board of Commissioners;
completeness and execution of committee duties;
conflict of interest management; compliance
function implementation; internal audit function
implementation; external audit function
implementation; risk management implementation
including internal control systems; provision of
funds to related parties and large exposures;
transparency of the Bank's financial and non-financial
conditions, governance implementation reports,
and internal reporting; Bank's strategic plan;
Remuneration; Shareholder aspects; Anti-Fraud
Strategy Implementation; Sustainable Finance
Implementation; Governance in SMEs.
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No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
3. Sanction regulations stipulated in POJK 17 of 2023:
• Sanctions related to Reporting:
a. Banks that violate the provisions are subject to
written warnings.
b. Banks that are late in fulfilling the obligation
to submit and publish governance
implementation reports are subject to
administrative fines of IDR1,000,000.00 (one
million Rupiah) per working day, up to a
maximum of IDR30,000,000.00 (thirty million
Rupiah).
c. Banks that have been fined administratively
must still submit governance implementation
reports to the Financial Services Authority.
• Sanctions for non-compliance:
a. In the event that a bank has been fined
administratively and continues to violate the
provisions, the bank is subject to administrative
sanctions, including:
1) Prohibition on issuing new bank products;
2) Freezing certain banking activities;
3) Prohibition on expanding business activities;
4) Prohibition on engaging in new business
activities; and/or
5) Reduction in the governance factor
assessment in the bank's health level
assessment.
b. In the event that a bank has been fined
administratively, key individuals of the bank
may be subject to administrative sanctions,
including bans as key individuals according to
the Financial Services Authority regulations
regarding reassessment for key individuals of
financial institutions.
c. In addition to administrative sanctions, banks
and/or controlling shareholders may be subject
to administrative fines ranging from at least
IDR2,000,000,000.00 (two billion Rupiah) to a
maximum of IDR50,000,000,000.00 (fifty billion
Rupiah) for each violation committed.
22 PBI No. 11 of Macroprudential 1. The Macroprudential Liquidity Incentive Policy (MLIP) The Bank has currently adjusted its policy
2023 Liquidity Incentive is an incentive established by Bank Indonesia through accordingly, and the Ultra Micro Financing (UMi)
Policy the reduction of bank deposits at Bank Indonesia for Report for the Fourth Quarter of December 2023
the purpose of meeting the mandatory Liquidity was submitted to Bank Indonesia on January
Coverage Ratio (LCR) on an average basis. 18, 2024.
2. Bank Indonesia provides MLIP to banks that channel:
a. Credit or Financing to specific sectors determined
by Bank Indonesia;
b. Inclusive credit or financing based on the
achievement of the macroprudential inclusive
financing ratio (RPIM);
c. Credit or financing to ultra-micro enterprises (UMi);
d. Environmentally conscious credit or financing; and/
or
e. financing as determined by Bank Indonesia.
3. Banks are required to periodically report to Bank
Indonesia regarding the provision of Credit or Financing
to UMi.
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23 PADG No. 13 Strengthening the 1. Bank Indonesia regulates, develops, and supervises The Bank will make adjustments to the
of 2023 Quality of Market the strengthening of the quality of participants in implementation of certain provisions in order
Participants and Money Market and/or Foreign Exchange Market to strengthen the quality of participants and
the Operation of transactions and the operation of SROs with the aim the operation of Self-Regulatory Organizations
Self-Regulatory of enhancing: in the Money Market and Foreign Exchange
Organizations in a. The integrity of participants in Money Market and/ Market.
the Money Market or Foreign Exchange Market transactions;
and Foreign b. The competency standards of participants in Money
Exchange Market Market and/or Foreign Exchange Market transactions;
c. The standards for the implementation of Treasury
Certification by Treasury Certification providers;
d. The contribution of market participants to the
development of the Money Market and/or Foreign
Exchange Market in an industry-led manner; and
e. The application of prudential principles.
2. Treasury Dealers from participants in Money Market
and/or Foreign Exchange Market transactions, such as
Banks, are required to be registered with Bank Indonesia.
3. Participants in Money Market and/or Foreign Exchange
Market transactions, such as Banks, are required to
have internal procedures to ensure that Treasury Dealers
adhere to Market Code of Ethics.
4. Treasury Dealers who have engaged in Treasury Activities
before the enactment of Bank Indonesia regulations
on the Money Market and Foreign Exchange Market
must register with Bank Indonesia no later than 1 (one)
year from the date the Bank Indonesia regulations
come into effect.
5. For Treasury Dealers who commence Treasury Activities
after June 27, 2023, until December 26, 2023, they may
continue to carry out Treasury Activities for 6 (six)
months from the effective date of registration
requirements.
24 SEOJK No. Procedure for 1. Parties such as Commercial Banks, Issuers, and Public The Bank will make adjustments to the limitations
18/SEOJK.03/ Using Public Companies on the use of audit services and related cooling-
2023 Accountant a. Parties such as commercial banks, issuers, and off periods.
Services and public companies limit the use of audit services
Public Accountant for annual historical financial information from the
Offices in same Public Accountant (PA) for 7 (seven) cumulative
Financial Services years.
Activities b. The cumulative calculation of the limitation on the
use of audit services for annual historical financial
information from the same PA is accumulated since
the 2017 fiscal year.
c. Parties such as commercial banks, issuers, and
public companies may only reuse audit services
for annual historical financial information from the
same PA after passing a cooling-off period according
to the type of PA role in the engagement, namely:
1) If the PA acts as an engagement partner, the
cooling-off period is for 5 (five) consecutive
reporting fiscal years;
2) If the PA acts as the responsible party for the
quality control review engagement, the cooling-
off period is for 3 (three) consecutive reporting
fiscal years; and
3) If the PA acts as another audit engagement
partner, the cooling-off period is for 2 (two)
consecutive reporting fiscal years.
2. Parties such as commercial banks, issuers, and public
companies ensure that PAs have complied with the
limitations on the use of audit services and cooling-off
periods as stipulated in the code of ethics of the Public
Accountants Professional Association and the provisions
of regulations regarding public accountant practices.
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Corporate Governance Corporate Information Financial Statement Annual Report 139
Management Analysis and Discussion
No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
25 PADG No. 17 Implementation 1. In the implementation of BI-FAST, Participants are The Bank has fulfilled the obligations as stipulated
of 2023 of Bank required to: in PADG No. 17 of 2023.
Indonesia-Fast a. Maintain smoothness and security in the use of
Payment BI-FAST;
b. Be responsible for the accuracy of all data, transaction
orders, and all information sent by the Participant
to the Operator through BI-FAST;
c. Execute agreements with the Operator;
d. Conduct BI-FAST operational activities in accordance
with agreements and other relevant Bank Indonesia
provisions;
e. Transparently inform customers about transaction
costs;
f. Provide data and information related to the
implementation of BI-FAST to Bank Indonesia; and
g. Comply with the provisions issued by the SRO.
2. Participant's obligation to maintain smoothness and
security in the use of BI-FAST.
26 PADG No. 18 Macroprudential 1. The change in the ratio of the Macroprudential Liquidity The Bank has adjusted the size of the
of 2023 Intermediation Buffer (MLB) for Conventional Commercial Banks to Macroprudential Liquidity Buffer (MLB) ratio to
Ratio and 5% of Rupiah third-party funds (DPK) of Conventional 5% of Rupiah third-party funds (TPF) of
Macroprudential Commercial Banks Conventional Commercial Banks
Liquidity Buffer for 2. Types of securities considered in meeting the MLB are:
Conventional a. SBI for all periods;
Commercial b. SBIS for all periods;
Banks, Sharia c. SDBI for all periods;
Commercial c1. SRBI for all periods;
Banks, and Sharia d. SukBI for all periods; and/or
e. Government securities consisting of:
Business Units.
1) SUN in the form of government bonds and/or
treasury bills, for all types and periods, excluding
non-negotiable SUNs; and/or
2) SBSN in the form of long-term and/or short-term
SBSN for all types and periods, excluding non-
negotiable SBSNs.
27 PADG No. 18 Fifth Amendment Stipulation of limitations: The Bank has adjusted the stipulation of the
of 2023 to the Regulation 1. LTV Ratio for KP and FTV Ratio for PP limits until December 31, 2024.
of the Member of 2. Down Payment for KKB or PKB
the Board of
Governors
Number 21/25/
PADG/2019 on
Loan To Value
Ratio for Property
Loans, Financing
To Value Ratio for
Property
Financing, and
Down Payment for
Motor Vehicle
Loans or
Financing.
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140 Opening Business and Functional Review Financial Review
Management Analysis and Discussion
No. Regulation Regulation Summary Background for Regulation Issuance Impact on CCB Indonesia
28 SEOJK No. 24/ Assessment of 1. The Bank has internal policies and procedures in The Bank has conducted a self-assessment of
SEOJK.03/2023 Digital Maturity conducting appraisals that contain at least the party its digital maturity level, for the first time, at the
Level of conducting the appraisal and the party reviewing the end of December 2023. The report will be
Commercial Banks appraisal adjusted to the organization and complexity submitted no later than the end of June 2024.
of the Bank.
2. The Bank submits a report on the results of its self-
assessment of the Bank's digital maturity level as part
of the report on the current condition of the Bank's IT
implementation.
3. The results of the assessment of the Bank's digital
maturity level are submitted to the Financial Services
Authority as part of the report on the current condition
of the Bank's IT implementation, which is no later than
15 (fifteen) working days after the end of the reporting
year using the format.
4. The first assessment of the Bank's digital maturity level
is carried out by the Bank for the position at the end
of December 2023 and the results of the assessment
are submitted to the Financial Services Authority no
later than the end of June 2024. For the following year
assessment is submitted in accordance with the deadline.
5. The results of the self-assessment of the Bank's digital
maturity level, for the first time at the end of December
2023, shall be submitted to the Financial Services
Authority no later than the end of June 2024, submitted
online through the Financial Services Authority reporting
system (SIPENA), without being combined in the report
on the current condition of the bank's IT implementation.
For the following year's assessment, it shall be submitted
no later than 15 (fifteen) working days after the end
of the reporting year as part of the report on the current
condition of the bank's IT implementation.
Changes in Accounting Policies
The standards and interpretations that are issued by the DSAK-IAI, but not yet effective for current year financial statements are disclosed
below.
Effective on or after January 1, 2023.
- Amendment to SFAS 1: "Presentation of Financial Statements" regarding the classification of liabilities.
- Amendment of SFAS 16: “Fixed Assets” regarding proceeds before intended use.
- Amendment of SFAS 25: “Accounting Policies, Changes in Accounting Estimates, and Errors” regarding the definition of “accounting
estimates” and their explanations.
- Amendment of SFAS 46: "Income Tax" on Deferred Tax related to Assets and Liabilities arising from a Single Transaction which adopted
from Amended IAS 12 Income Taxes on Deferred Tax related to Assets and Liabilities arising from a Single Transaction.
The above standards are effective on January 1, 2023 and early implementation is permitted.
Effective on or after January 1, 2024.
- Amendment of SFAS 1: “Presentation of Financial Statements” related to long-term liabilities with covenants.
- Amendment of SFAS 73: “Leases” regarding lease liabilities in sale-and-lease back transactions.
The above standards are effective on January 1, 2024 and early adoption is permitted.
As at the authorization date of this financial statements, the Bank is still evaluating the potential impact of these new and revised accounting
standards to the financial statements of the Bank.
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Corporate Governance Corporate Information Financial Statement Annual Report 141
Page 142
142 Opening Business and Functional Review Financial Review
Tari Kecak Bali
The dancing form known as kecak originated in Bali. Numerous male dancers who sit in a row in a circular pattern
while raising both arms in a rhythm known as "cak, cak, cak" practise this Kecak dance art. This dance was created
as an artistic show for visitors to Bali and was influenced by the Balinese people's ancient ceremonies, which were
eventually transformed into the Hindu myth of the Ramayana.
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Corporate Governance Corporate Information Financial Statement Annual Report 143
Corporate
04
Governance
Togetherness in Indonesian Traditional dance philosophy
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144 Opening Business and Functional Review Financial Review
Sustainability Report
Corporate Social and Corporate Social and Environmental Responsibility
Environmental Responsibility 144
CCB Indonesia Sustainability Report was prepared based on the Financial Services Authority
1. Sustainability Strategy Regulation (POJK) No. 51/POJK.03/2017 concerning the Implementation of Sustainable
2. Performance Overview of the Finance for Financial Service Institutions, Issuers, and Public Companies; and Financial
Sustainability Aspects Services Authority Circular No. 16/SEOJK.04/2021 concerning the Form and Content of
3. Profile of CCB Indonesia the Annual Report of Issuers or Public Companies. In carrying out CCB Indonesia's business
4. Explanation of Board of Directors activities, it is carried out responsibly, by integrating environmental, social, and environmental
5. Sustainability Governance aspects of governance (ESG) in a sustainable financial framework, so that business growth
6. Sustainability Performance is also expected to have a good impact on planetary preservation and public welfare. The
7. Responsibility for Sustainable distribution of financing is carried out by giving more priority to business people who
Financial Products/Services carry out their business with concern for social and environmental aspects. CCB Indonesia
Development also plays a role in contributing to the sustainable greening program in barren areas that
8. Others has been implemented for the past 9 (nine) years through corporate social responsibility.
The Scope of this Report covers the period from January 1 to December 31, 2023 with
the scope of information and data originating from CCB Indonesia. Information on financial
statements that have been audited by the Public Accounting Firm of Purwantono, Sungkoro
and Surja (a member of Ernst and Young).
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Sustainability Report
The Sustainability Report includes: Reforestation is very important to overcome the problem of
1. Sustainability Strategy land degradation, reduce soil erosion, and increase environmental
2. Performance Overview of the Sustainability Aspect sustainability. This sustainable greening program is beneficial
3. Profile of CCB Indonesia for others and the environment, especially overcoming barren,
4. Explanation of the Board of Directors barren land that is prone to landslides to stop and rehabilitate
5. Sustainability Governance land damage. This activity is included in the Sustainable
6. Sustainability Performance Development Goals or SDGs No. 15, namely protecting, restoring
7. Responsibility for Sustainable Financial Products/Services and supporting sustainable use of terrestrial ecosystems,
Development sustainably managing forests, combating desertification, and
8. Others inhibiting and reversing land degradation and preventing the
loss of biodiversity.
1. Sustainability Strategy
The occurrence of climate change or extreme weather, which
Sustainability Strategy Explanation has recently hit the earth globally and caused various disasters,
In carrying out business activities, CCB Indonesia implements such as long droughts, landslides. CCB Indonesia has participated
responsibly, by integrating environmental, social and governance in assistance through a sustainable reforestation program in
(ESG) aspects within a sustainable financial framework, so that the Central Java area, especially Wonogiri to prevent erosion
business growth is also expected to have a positive impact on in barren areas to avoid the danger of landslides. Implementation
preserving the planet and the welfare of society. of the reforestation program starts from the pre-planting process,
planting seeds to watering until the trees can grow independently,
CCB Indonesia will consistently support government policies namely having strong enough roots.
by implementing programs with economic activities that
support Indonesia's efforts and Sustainable Development Goals Definition of Sustainable Finance
(SDGs) which cover economic, environmental and social aspects; • Sustainable Finance is a comprehensive support from the
within a sustainable financing framework to support the financial services sector to create sustainable economic
achievement of the net zero emission (NZE) target in Indonesia growth by aligning economic, social and environmental
until 2060. interests.
• Sustainable Financial Products and/or Services are financial
CCB Indonesia is committed to maintaining environmental products and/or services that integrate economic, social
sustainability in the company's daily operational activities, and environmental aspects, as well as governance in its
including maintaining the cleanliness of the environment features.
around the office, giving priority to providing loans to • Financial Services Institutions (LJK), Issuers and Public
environmentally sound business activities and parties who care Companies must implement Sustainable Finance in the
about social and environmental aspects (‘green company’), business activities of LJK, Issuers and Public Companies.
and has implemented a sustainable greening program which
started in 2014. CCB Indonesia's strategy in implementing the
Sustainable Financial Action program includes:
Financing priorities are directed towards environmentally sound 1) Environmentally sound business financing.
business activities, which means that these activities must pay In this case, it is carried out by providing loans for
attention to and strive to reduce negative impacts on the environmentally sound business activities, namely to parties
environment and encourage sustainable practices. who have a concern for the environment (‘green companies’).
Environmentally sound business activities include investment CCB Indonesia encourages loan providers to give more
in renewable energy, namely: financing for renewable energy priority to business players who are environmentally sound
projects such as solar, wind or hydroelectric power which help and carry out their business by paying attention to social
reduce greenhouse gas emissions and promote cleaner energy and environmental aspects.
sources; as well as sustainable transportation financing to 2) Sustainable Greening Program
support sustainable transportation projects, such as the In line with the implementation of Corporate Social
development of public transportation or sustainable infrastructure. Responsibility (CSR) for a sustainable greening program in
the Wonogiri area, Central Java which has been started
Apart from that, CCB Indonesia also plays an active role in since 2014 until now, and will be continued in the coming
contributing to the sustainable reforestation program in barren years, to prevent erosion for barren areas to avoid landslide
and drought areas which has entered its 9th year through hazard. The implementation of this program is currently
corporate social responsibility (CSR). running in 3 (three) villages, namely Sumberharjo Village,
Sindukarto Village and Puloharjo Village, Eromoko District,
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146 Opening Business and Functional Review Financial Review
Sustainability Report
Wonogiri Regency. This reforestation program consists of and plants can provide wood, animal feed, food and
(i) planting superior seeds of sapodilla fruit, longan, petai medicinal ingredients for local communities. This can help
and jackfruit on village roads, fields and people's houses, improve economic prosperity and food security in the
as well as hillsides/mountains, and the fruit yields can be area.
used by the local community; (ii) provide assistance programs
for watering the donated plants. The implementation of 5) Increase economic sustainability
this program has been implemented since 2014 for a period Greening can also provide long-term economic benefits.
of 10 (ten) years until 2024, and this program will be continued For example, developing agrotourism by utilizing green
to other villages that are still barren in the Wonogiri district. land can become a source of income for local communities.
3) Bank activities with concern for Social and Environmental The fruits/vegetables produced from plants originating
Aspects. from the CCB Indonesia greening program can be fully
Efforts to encourage the implementation of activities at used by the local community and are able to provide
CCB Indonesia that pay attention to social and environmental economic value.
aspects, with the aim of saving the use of increasingly
limited natural resources, for example the development 6) Improving the quality of life of the community
of environmentally sound products (digital banking), A green environment can have a positive impact on people's
saving resource use, implementing educational programs quality of life. Greenery can create a cooler environment,
through e-learning, meetings with participants who have cooling the air temperature which tends to get hotter. This
remote location with teleconference meeting and so on. can improve living comfort and people's health.
Goals of the Sustainable Greening Program 7) Promote environmental awareness
1) Overcoming land degradation Through CCB Indonesia's greening program, it is hoped
One of CCB Indonesia's main reforestation objectives in that public awareness and understanding of the
arid areas is to overcome land degradation caused by importance of protecting the environment will increase.
erosion, decreased soil quality and loss of vegetation. Plants Involving the community in greening programs can
planted in this program can help improve soil structure, help increase their awareness and active participation
increase fertility and reduce erosion, as well as avoid the in protecting and preserving the environment. CCB
danger of landslides. Indonesia, in collaboration with local village heads and
farming communities, regularly holds meetings,
2) Improving environmental quality especially to instill the importance of this greening
Greening can help improve environmental quality in barren program.
areas. Planted plants can produce oxygen, absorb carbon
dioxide, and reduce air pollution. Apart from that, reforestation CCB Indonesia's sustainable greening program consists
can also help maintain the balance of local ecosystems, of:
improve water quality, and provide habitat for various 1. Program for planting superior seedlings of sapodilla fruit,
species of flora and fauna. longan, petai and jackfruit which is usually carried out in
December on village roads, farmers' fields and residents'
3) Reduce the impact of climate change houses, as well as surrounding hillsides/mountains, and
Planting trees and other plants in CCB Indonesia's reforestation the fruit can be used by the local community and provide
program can help reduce greenhouse gas emissions and economic value;
reduce the effects of global warming. Plants absorb carbon 2. The assistance program for watering the donated plants
dioxide from the air and store it in the form of biomass, is carried out during the dry season, generally between
helping to reduce the amount of greenhouse gases in the March and October.
atmosphere.
Steps in Implementing Sustainable Greening Program
4) Providing biological resources 1. Identify areas that need reforestation
Reforestation programs in arid and barren areas can help Identify the areas in Eramoko District that are the most arid
provide sustainable biological resources. Planted trees and barren. CCB Indonesia coordinates with local
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Sustainability Report
governments, local communities or environmental 8. Monitoring and Evaluation
organizations to obtain more detailed information about CCB Indonesia, assisted by local agricultural/plantation
these areas. experts, regularly monitors plant growth and the impact
of reforestation. Evaluate the success of reforestation
2. Assistance from agricultural/plantation experts projects and identify steps that need improvement.
CCB Indonesia consults with local agricultural/plantation
experts to gain more in-depth knowledge about the types 2. Performance Overview of the Sustainability
of plants suitable for growing in the area. Consider factors Aspects
such as climate, soil type, and water availability in selecting
the right plant species. a. Economic Aspect
During 2023 the financial performance of CCB Indonesia
3. Collection and planting of superior seeds showed a number of positive financial ratio indicators,
Collect plant seeds that suit the conditions of the area. especially the Bank's profitability performance during this
Accompanied by local agricultural/plantation experts to pandemic. The profit after tax in 2023 was IDR241.29 billion,
obtain suitable plant seeds. Be sure to choose species that a significant increase of 77.47% compared to 2022 of
are resistant to drought and poor soil conditions. IDR135.96 billion, with achieving 157.69% of the business
plan target. Likewise, other indicators such as loan quality
4. Land preparation and efficiency showed better performance than the previous
CCB Indonesia, assisted by local agricultural/plantation year.
experts, prepares the land by ensuring that the soil is
sufficient to support the growth of new plants. Then Loan disbursement increased by 16.02% year on year from
improve the soil by adding organic fertilizer or other IDR16.69 trillion as of December 31, 2022 to IDR19.36
organic materials. trillion as of December 31, 2023, with 101.24% achievement
of the business plan. Meanwhile, Third Party Funds year
5. Planting and maintenance on year increased by 11.37% from IDR17.95 trillion to
Plant seeds with sufficient distance between one tree IDR19.99 trillion as of December 31, 2023, or 97.88% of
and another, and provide proper care, including regular the business plan target. The Bank manages to improve
watering and applying fertilizer if necessary. CCB the effectiveness of the intermediary function by optimizing
Indonesia, assisted by local agricultural/plantation the Loan to Deposits Ratio (LDR). As Loan increased, Total
experts, ensures that they monitor plant growth and Assets as of December 31, 2023 also increased by 11.31%
provide protection against pests and diseases. Apart year on year from IDR25.02 trillion to IDR27.85 trillion, or
from that, CCB Indonesia also helps with watering, 100.95% of the business plan target.
especially in the dry season, because water in this area
is quite difficult to obtain. Achievement of profitability ratios namely Return On
Assets (ROA) and Return On Equity (ROE) as of December
6. Involve the local community 31, 2023 were 1.22% and 4.11% respectively, better than
CCB Indonesia also involves local communities in this the business plan targets of 0.79% and 2.65% respectively.
reforestation project, especially farming communities, by Net Interest Margin (NIM) of 4.18% also exceeded the
inviting them to participate in planting and caring for plants. business target of 3.68%. As of December 31, 2023, the
The local agricultural/plantation expert team provided an loan quality of gross NPL was 2.87% and net NPL was
understanding of the benefits of reforestation and invited 0.77%, which was better than the target of 3.95% and
them to look after the plants well after planting was 1.32% respectively. Capital Adequacy Ratio (CAR) as of
completed. December 31, 2023 reached 37.45% higher than the
projected business plan of 35.97%.
7. Fruit/vegetable results from the reforestation program
The fruits or vegetables produced from plants originating The complete economic aspects can be seen in the Financial
from this reforestation program can be fully used by the Overview Chapter (page 8), the Report of Board of Directors
local community and provide economic value that is Chapter (page 38) and the Financial Review Chapter:
beneficial to the surrounding environment. Management Analysis and Discussion (page 117)
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148 Opening Business and Functional Review Financial Review
Sustainability Report
CCB Indonesia develops environmentally sound products hazards. The fruits from the planting of the reforestation
and services through digital banking, such as internet banking program can be shared free of charge for the community
(corporate and individual), mobile banking, and virtual around the location. In addition, in the context of corporate
accounts. CCB Indonesia has consistently been developing social responsibility (CSR), CCB Indonesia also holds a number
technology-based products and services, initially developing of social activities that provide support for underprivileged
internet banking for corporations, continuing for individuals, communities and need assistance, such as social visits to
and mobile banking, as well as continuing development of orphanages, school assistance, especially for children with
digital banking, such as QR payment, iDebit. disabilities and natural disaster assistance.
b. Environmental Aspect 3. Profile of CCB Indonesia
Efforts are made to reduce the use of energy resources at
CCB Indonesia from time to time, as reflected in the costs a. Vision, Mission, Core Beliefs and Core Values
incurred by the Bank showing a downward trend. CCB Indonesia mission has been adjusted in the previous
year to accommodate the Sustainable Finance program
CCB Indonesia always strives to reduce the use of fuel which contains elements of social and environmental
resources in banking activities, including: meetings and responsibility.
discussions using teleconference media, as well as holding
virtual training (e-training), and holding the General Meeting Vision
of Shareholders held in a hybrid manner. Apart from that, Become an international bank and has the ability to multiply
CCB Indonesia also encourages customers to make financial value through innovation capabilities.
transactions using digital banking, so that customers do
not need to come to the bank and reduce the use of Mission
transportation. Provide better products and services for customers, create
higher value for shareholders, build broader career path
Transportation costs have shown a consistent decline in for associates, and implementing social and environmental
the last 5 (five) years, namely IDR341 million (2019), IDR149 responsibility as a good corporate citizen.
million (2020), IDR144 million (2021), IDR129 million (2022),
and to IDR119 million (2023). Core Values
1. Integrity
Likewise, Printing Costs show a decreasing trend from Ability and commitment to realize what has been
IDR1.73 billion (in 2019), to IDR876 million (2020), to IDR543 agreed.
million (2021), IDR579 million (2022), and to IDR95 million 2. Trust
(in 2023). Relationships are based on trust in each other.
3. Speed
Gas Electric Water costs have also decreased from IDR5.70 Speed in providing service.
billion (in 2022) to IDR5.62 billion (in 2023). 4. Competence
Competence is the main differentiator between success
However, since the pandemic period has ended in 2023 and and failure in any field
office operational activities have returned to normal, which
is marked by the level of traffic congestion which tends to Core beliefs
increase along with the end of activity restrictions regulated 1. Strong financial base
through the previous PPKM status, fuel consumption increased We believe that a strong financial base will determine
in 2023, namely IDR3.20 billion (320,354 litres of fuel) from the competitiveness of our bank. Therefore, we aim
IDR2.93 billion (292,840 litres of fuel) in 2022. to deliver outstanding sustainable financial
performance by building a customer network,
c. Social Aspect productive processes and cost-effectiveness, superior
The occurrence of climate change or extreme weather, such human capital.
as long droughts, droughts, landslides. CCB Indonesia 2. Ability to provide complex service and with speed
continuously participates in the planting of sapodilla, longan, We believe that the ability to provide complex and fast
petai and jackfruit seedlings, as well as support for watering services can win customers' choices. Therefore, we
plants in a reforestation program in the Wonogiri area, Central desire to design and implement complex and fast
Java to prevent erosion in barren areas to avoid landslide service processes for customers.
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3. Strong partnered relationship The number of Bank employees as of December 2023 (excluding
We believe that the partnership is a multiplier of the outsourcing employees) was 1,183 persons. The Bank outsources
value received by the customer; therefore we intend some of the work of non-staff, such as couriers, drivers, security
to build comprehensive partnerships between our and cleaning to outsourcing service providers. As of December
bank and suppliers and business partners, partnerships 31, 2023, the number of outsourced employees was 295 persons,
between employees and managers, partnerships bringing the total number of employees (including outsourced
between functions within our organization. employees) to 1,478 persons.
4. Sustainable improvement
We believe that in this life we will never reach perfection, Total Employees by Employees’ Status
therefore we desire to always strive for perfection; there
is always a better way. 31-Dec-23 31-Dec-22
5. Human capital Employees’ Status
Total % Total %
We believe that human capital is a determinant of our Permanent Employees 1,137 96% 1,154 96%
ability to deliver sustainable financial performance;
Probation Employees 37 3% 41 3%
therefore, we aim to attract, retain, motivate and
Contract Employees 9 1% 8 1%
effectively utilize the quality personnel we can find.
6. Commitment Number of employees 1,183 100% 1,203 100%
We believe that the commitment to build a harmony Outsourcing Employees 295 321
of economic, social and environmental interests will Number of employees 1,478 1,524
maintain sustainable economic growth, therefore (including outsourcing
we desire to succeed in developing a green employees)
environment.
Employees’ Composition by Education Level
b. Company’s Address (Excluding outsourcing employees)
PT Bank China Construction Bank 31-Dec-23 31-Dec-22
Company’s Name Education Level
Indonesia Tbk Total % Total %
Sahid Sudirman Center, 15th floor < Senior High School 249 21% 279 23%
Jl. Jend Sudirman Kav. 86
Academy 126 11% 141 12%
Central Jakarta 10220, Indonesia.
Head Office
Telephone (62-21) 5082 1000 Bachelor 766 65% 742 62%
Fax. (62-21) 5082 1010 Postgraduate 42 4% 41 3%
SWIFT/BIC : BWKIIDJA
Total 1,183 100% 1,203 100%
Website idn.ccb.com
Email corsec@idn.ccb.com Employees’ Composition by Years of Service
Status of the Bank Public Company and Foreign Exchange Bank (Excluding outsourcing employees)
Stock Listing Indonesia Stock Exchange 31-Dec-23 31-Dec-22
Years of Service
MCOR Total % Total %
Stock Code
0-3 years 296 25% 314 26%
3-5 years 128 11% 155 13%
Detailed information about the CCB Indonesia's office
5-10 years 375 32% 362 30%
network which consists of 72 offices can be found in the
Office Network Chapter (page 268). 10-20 years 257 22% 232 19%
> 20 years 127 11% 140 12%
c. Scale of business Total 1,183 100% 1,203 100%
(in million IDR)
Financial Figures Dec-23 Dec-22 Dec-21 Employees’ Composition by Age
(Excluding outsourcing employees)
Total Assets 27,852 25,023 26,195
31-Dec-23 31-Dec-22
Loans 19,360 16,687 13,773 Age
Total % Total %
Third Fund Party 19,987 17,947 19,274
< 25 years old 48 4% 49 4%
Equity 6,541 6,199 6,081
25-34 years old 450 38% 474 39%
Profit After Tax 241 136 79
35-44 years old 374 32% 365 30%
> 45 years old 311 26% 315 26%
Total 1,183 100% 1,203 100%
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150 Opening Business and Functional Review Financial Review
Sustainability Report
Employees’ Composition by Position d. Products, Services, and Business Activities carried
(Excluding outsourcing employees) out
31-Dec-23 31-Dec-22 Business Activities According to Articles of Association
Position
Total % Total %
Main Business Activities
Directors 6 1% 6 0%
▪ Raising funds from the community in the form of current
Division Head / 39 1% 38 3%
account, time deposits, certificates of deposit, savings
Regional Head
and/or other equivalent forms;
Branch Manager 67 9% 70 6%
▪ Granting medium, long or short term-loans and other
Department Head 151 14% 155 13% types that are prevalent in the banking world;
Officer 64 5% 71 6% ▪ Promissory note issuance;
Staff 765 68% 758 63% ▪ Purchasing, selling, or guaranteeing at own risk or for
Non-Staff 91 1% 105 9% the benefit and at the behest of the customer:
- Bills including bills received by banks whose validity
Total 1,183 100% 1,203 100%
period is no longer than the usual practice in
trading these letters;
Employees’ Composition by Gender - Promissory notes and commercial paper - other,
(Excluding outsourcing employees) whose validity period is no longer than the usual
31-Dec-23 31-Dec-22 practice in trading such documents;
Gender - State treasur y papers and government
Total % Total %
guarantees;
Male 582 49% 594 49%
- Bank Indonesia Certificates (SBI);
Female 601 51% 609 51%
- Bonds;
Total 1,183 100% 1,203 100% - Promissory notes which can be traded;
- Other securities in accordance with the provisions
Share Ownership Composition per 31 December 2023 stipulated by the competent authority.
1-Jan-23 31-Dec-23 ▪ Transferring money both for own interests and for the
Shareholders’ interests of customers;
No Number of Number of
Name Percentage Percentage
Shares Shares ▪ Placing funds in, borrowing funds from, or lending
1 China 22,751,563,707 60.00% 22,751,563,707 60.00% funds to other banks, either by using letters,
Construction telecommunications facilities or by sight draft, checks
Bank or other means;
Corporation
▪ Receiving payments from bills on securities and doing
2 Johnny 2,613,613,705 6.89% 2,631,113,705 6.94% calculations with or between third parties;
Wiraatmadja
▪ Placing funds from customers to other customers in
3 UOB Kay 3,112,882,656 8.21% 3,112,882,656 8.21% the form of securities listed on the stock exchange;
Hian Pte. Ltd.
▪ Conducting activities in foreign currencies by meeting
4 Public 9,441,670,446 24.90% 9,424,170,446 24.85% applicable regulations;
Total Shares 37,919,730,514 100.00% 37,919,730,514 100.00% ▪ Providing financing and or conducting other activities
in accordance with the provisions stipulated by the
At the end of 2023 CCB Indonesia has a network of 72 competent authority.
offices, consisting of 1 Head Office, 20 Branch Offices and
51 Sub-Branch Offices, spread across cities in Indonesia Supporting Business Activities
such as Jakarta, Bandung, Semarang, Solo, Yogyakarta, ▪ Providing a place to store goods and securities;
Surabaya, Denpasar Bali, Mataram Lombok, Palembang, ▪ Conducting custodian activities for the interests of
Bandar Lampung, Batam, Pekanbaru, Pontianak, Makassar other parties based on a contract;
and Pangkal Pinang. ▪ Purchasing collateral both in whole or in part through
auctions in the event that the debtor does not fulfil his
Detailed information related to this is found in the Financial obligations to the Company provided that the collateral
Overview Chapter (page 6), Human Capital Chapter (page purchased must be disbursed as soon as possible;
50), Shareholder's Information Chapter (page 16) and Offices ▪ Conducting factoring, credit business and trustee
Network Chapter (page 268). activities;
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▪ Conducting activities as a provider of pension funds f. Significant Changes in CCB Indonesia
in accordance with applicable laws and regulations, During 2023, CCB Indonesia has consolidated with the
both as the founder of the employer's pension fund closing of 8 (eight) offices with consideration of business
and as the founder and/or participant of the financial effectiveness, namely KCP Melawai, KCP Cibinong, KCP
institution pension fund; Tanjung Pinang Merdeka, KCP Bandung Sudirman, KCP
▪ Conducting venture capital in banks or other companies Bekasi Ahmad Yani, KCP Bali Tabanan, KCP Mataram
in finance leasing, venture capital companies, securities Ampenan, and KC Cirebon. Until the end of 2023 CCB
companies, insurance companies, clearing and guarantee Indonesia had a network of 72 offices, including the Head
institutions as well as deposit and settlement institutions, Office.
by fulfilling the provisions stipulated by the competent
authority; In 2023 there was no change in the majority shareholder
▪ Conducting temporary venture capital activities to and no significant change in the other shareholders.
overcome non-performing loan, on condition that
the investment must be withdrawn accordance 1 Jan 2023 31 Dec 2023
with the provisions stipulated by the competent Shareholders’
No Number of Number of
Name Percentage Percentage
authority; Shares Shares
▪ Undertaking other businesses that are directly or 1 China 22,751,563,707 60.00% 22,751,563,707 60.00%
indirectly related to the above purpose, the Construction
implementation of which is not contrary to the laws Bank
Corporation
in force in Indonesia.
2 Johnny 2,613,613,705 6.89% 2,631,113,705 6.94%
Wiraatmadja
Detailed information related to this can be found in the
Products and Services Chapter (page 264) 3 UOB Kay 3,112,882,656 8.21% 3,112,882,656 8.21%
Hian Pte. Ltd.
e. Membership in the Association 4 Public 9,441,670,446 24.90% 9,424,170,446 24.85%
CCB Indonesia is a member of a number of associations, Total Shares 37,919,730,514 100.00% 37,919,730,514 100.00%
including:
1. National Commercial Banks Association (Perbanas) 4. Explanation of Board of Directors
2. Association of Indonesian Issuers (AEI)
3. Banking Compliance Director Communication Forum Board of Directors of CCB Indonesia fully supports the
(FKDKP) implementation of Sustainable Finance for Financial Service
4. Indonesia Corporate Secretary Association (ICSA) Institutions, Issuers, and Public Companies, in accordance
5. Indonesian Payment System Association (ASPI) with Financial Services Authority Regulation (POJK) No. 51/
6. Indonesian Commodity Futures Trading Association POJK.03/2017, which is a comprehensive support from the
(ASPEBTINDO) financial services sector to create sustainable economic
7. Alternative Institutions for Settlement of Financial growth by aligning economic, social and environmental
Services Sector Disputes (LAPS SJK) interests.
8. Chinese Chamber of Commerce
9. Association Cambiste International - Financial Markets CCB Indonesia is committed to preserving the environment
Association Indonesia (ACI FMA Indonesia) in the company's daily operational activities by integrating
10. International Chamber of Commerce (ICC) environmental, social and governance aspects (environmental
11. Banking Operations Director Communication Forum social governance / ESG) in a sustainable financial framework,
(FKDOP) including by maintaining clean environment around the
12. Indonesian Money Market and Foreign Exchange Market office, providing loans for environmentally sound business
Association (APUVINDO) activities, namely to parties who have social and environmental
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152 Opening Business and Functional Review Financial Review
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concerns (green companies), implement sustainable greening ▪ PT Air Bersih Jakarta (ABJ), a company that supports
program, as well as financial literacy and inclusion programs. PAM Jaya in increasing the reach of clean water
The occurrence of climate change or extreme weather, which supply services throughout Jakarta. This financing
recently hit the earth globally and caused various disasters, is to build, operate and maintain the new drinking
such as long droughts, landslides. CCB Indonesia has water supply system Jatiluhur SPAM and Buaran
participated in sustainable greening program on barren land SPAM, then distributed to customers throughout the
that has been implemented for the past 9 (nine) years Jakarta area, with a syndicated financing amount of
continuously through corporate social responsibility which IDR700 billion;
aims to prevent erosion and avoid landslides. CCB Indonesia ▪ PT Sarana Multi Infrastruktur (SMI), a catalyst agent
encourages loan providers to give priority to environmentally company for Indonesian infrastructure development
sound business with concern for social and environmental which is directly supervised by the Minister of Finance.
aspects (green financing). CCB Indonesia collaborates with CCB Asia (Hong Kong)
to participate in a syndicated loan facility to provide
Achieving the performance of Sustainable Financial Action working capital facilities in line with CCB Indonesia's
during 2022, CCB Indonesia has implemented a number of commitment to infrastructure progress in Indonesia.
initiative steps to encourage the implementation of Sustainable This financing is provided to support PT SMI's
Financial Action, with the following description: infrastructure development financing portfolio in
Indonesia, especially for projects in the 'green project'
(1) Realisation of loan extension for environmentally sound and 'social project' categories, and there are KPIs and
business activities assessments carried out by third party sustainability
Loan disbursement for Environmentally Sound Business consultants. Total financing from CCB Asia (Hong
Activities (KUBL), namely to a number of companies with Kong) and CCB Indonesia for this project is USD18
environmental insight and concern for social and million;
environmental aspects, as well as supporting ▪ PT PP Semarang Demak (Persero), is engaged in
environmentally sound programs (green companies) the toll road construction business, in this case
during 2023. financing for environmentally sound transportation
business activities with total financing of IDR400
Realisation of loan extension for environmentally sound billion;
business activities as follows: ▪ PT Manha Daya Mandiri, engaged in mini hydro power
Realization as of generation (renewable energy) with total financing of
Environmentally sound business
Dec 2023 IDR30 billion;
activities category (exclude MSMEs)
(in millions of IDR)
▪ PT Culletprima Setia, engaged in the manufacturing
Renewable energy 89,870 sector of household equipment (plates, glasses, etc.)
Pollution Prevention and Control 350,772 using recycled glass/shard as raw material (pollution
Sustainable Water and Wastewater 84,892 prevention and control), total financing of IDR75
Management billion;
Other Environmentally Sound 575,050 ▪ PT Sarana Inti Pertiwi, engaged in the contractor business
Business Activities for processing raw water in shopping centers (malls),
apartments, water dams, etc., total financing of IDR1.25
billion; as well as
Loan disbursement to a number of green companies or ▪ Distributing loan to MSME sector which can be
financing for environmentally sound business activities, categorized as environmentally sound business
including: activities.
▪ State Electricity Company (Persero), with specific
financing for green financing projects amounting to (2) Loan to Micro, Small and Medium Enterprises (MSME)
USD150 million; debtors
▪ PT Aruna Cahaya Pratama, engaged in the procurement, The number of loans to the MSME sector as on December
installation and operation of solar panel systems 31, 2023 was IDR1,703 billion with the ratio of MSMEs to
(photovoltaicPV) and/or solar power plants with a total total loans of 8.79%. Based on the economic sector, the
capacity of up to 200MW, with total financing of IDR400 largest portion of the financing plan for MSMEs for each
billion; group is as follows:
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MSME Loans The Most Dominant Sharing of Village and Puloharjo Village, Eromoko District, Wonogiri
Distribution Economic Sector Groups Regency, Central Java.
Micro Business Wholesale & Retail 2.58%
Loans (4) Socialization and Briefing of Sustainable Finance
Small Business Wholesale & Retail 18.49% Directions to units that carry out business functions for
Loans lending give priority to businessmen who carry out their
Medium Business Wholesale & Retail 78.93% business by prioritizing and paying attention to environmental
Loans factors, as well as having a positive impact on environmental
preservation.
(3) Realisation of the greening program in Wonogiri
The sustainable greening program that has been implemented CCB Indonesia also participates in providing banking
by CCB Indonesia since 2014 in a barren and arid area in education by helping small entrepreneurs by providing
Wonogiri, Central Java, has been continued where previously banking education, in order to gain knowledge and financial
CCB Indonesia has planted seeds of sapodilla, longan, petai literacy, for the progress and success of their business. In
and jackfruit trees on farms belonging to farming providing banking education, socialization of sustainable
communities, and slopes. - Hill slopes are prone to landslides finance was also carried out regarding the importance of
in Sumberharjo Village and Sindukarto Village, Eromoko environmental and social care for small entrepreneurs in
District, Wonogiri Regency, as part of humanitarian social conducting business.
activities. The fruits from this planting can be used by the
local community, which is expected to improve the economy CCB Indonesia, in collaboration with Bank Indonesia and
of the surrounding community. Department of Cooperatives & SMEs of Yogyakarta Special
Region, carried out Financial Literacy related to the use of
CCB Indonesia continues the Sustainable Reforestation digital finance and the introduction of sustainable finance,
Program, in 2023 it entered Phase VII of Tree Planting by which was attended by 50 small entrepreneurs at CCB
coordinating the planting of 700 high-yielding petai seedlings Indonesia Branch Office in Yogyakarta on December 16,
on farms owned by farming communities, hamlet roads 2023.
and hillsides prone to landslides running in 3 (three) villages,
namely in Sumberharjo Village, Sindukarto Village, and (5) Development of digital banking service products
Puloharjo Village, Eromoko District, Wonogiri Regency, as CCB Indonesia consistently develops technology-based
part of a social humanitarian activity (Corporate Social products and services through electronic channel-based
Responsibility). The implementation of a sustainable applications, namely the development of internet banking
reforestation program that previously carried out planting and mobile banking, and continues development that
of longan, sapodilla, jackfruit and petai tree seedlings in leads to further digital banking. As is well known, in the
Phases I – VI during 2014 - 2022. The fruits from this planting context of Sustainable Finance, the use of technology-
can be utilized by the local community, which is expected based products will save the resources used, such as paper
to improve the economy of the surrounding community, (paperless), fuel (because there is no need for transportation).
while protecting the environment. During the pandemic, internet and mobile banking have
become very useful tools for customers to be able to carry
During March – October 2023 CCB Indonesia helped out financial transactions from home.
watering trees during the dry season around Sumberharjo
and Sindukarto Villages, Eromoko District, Wonogiri Regency, (6) Implementation of online and offline training
Central Java. In the dry season in the Wonogiri area it is During 2023, the Bank held 310 training programs with
very dry and the air temperature can reach up to 40 degrees a total of 8,567 participants. Compared to 2022, 179
Celsius during the day, so the plants can wither if not training programs were implemented with a total of 6,602
assisted by intensive watering. participants. The training program in 2023 were carried
out online and offline, adjusted to the needs at the time
In December 2023, CCB Indonesia continue this Sustainable of implementing the activities. Online training can involve
Greening Program which is entering Phase VII of Tree more employees from various locations, but face-to-face
Planting by coordinating the planting of 700 high-yielding training can increase interaction between trainers and
petai seedlings on farms owned by farming communities, trainees. The Bank consistently carries out training programs
hamlet roads and hillsides prone to landslides running in and increased employee competency, both within and
3 (three) villages, namely Sumberharjo Village, Sindukarto outside the bank.
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Education and training programs held during 2023 - Webinar "Socialization of Financial Services Authority
with materials covering technical skills and soft skills Regulations (POJK) Number 14/POJK.04/2023 concerning
include: Risk Management Certification, Payment Systems Carbon Trading through Carbon Exchanges and Financial
and Rupiah Currency Management (SPPUR), credit Services Authority Circular Letter (SEOJK) Number 12/
analysis, Bank Operations / Standard Operating SEOJK.04/2023 concerning Procedures for Organizing
Procedures (SOP), Customer Service Complaints, AML Carbon Trading Through Exchanges Carbon” by the
CFT Training, Sustainable Finance, Compliance, Induction Financial Services Authority (OJK) on October 24, 2023
Program, Training related to system development, in Jakarta
Product Knowledge, Training related to Cyber Security, - CCB Indonesia, in collaboration with Bank Indonesia
Training related to personal data protection, Training and Department of Cooperatives & SMEs of Yogyakarta
related to Cyber Crime, Digital Banking, IT hardware, Special Region, carried out Financial Literacy related
work safety, as well as various other Seminars and to the use of digital finance and the introduction of
Workshops. sustainable finance, which was attended by 50 small
entrepreneurs at CCB Indonesia Branch Office in
(7) Training/workshops related to understanding Sustainable Yogyakarta on December 16, 2023
Finance
A number of officers and Directors participated in a The performance of sustainable finance actions during 2023
number of trainings/workshops related to the in general has been in accordance with the plan, although CCB
understanding of Sustainable Finance, including Indonesia has not set specific targets for achievement. The
Environmental, Social, and Governance (ESG) during challenges faced include the need to continuously improve
2023 as follows: knowledge and competence for human capital according to
- Webinar "Opening Opportunities through Improving their respective functions at CCB Indonesia regarding the
ESG Ratings" by Indonesia Stock Exchange ("IDX") and implementation of sustainable financial governance, and
PricewaterhouseCoopers ("PWC") on January 19, 2023 knowledge regarding the provision of banking products and
in Jakarta services that are environmentally sound and in accordance
- Webinar "IFC and IDX ESG Collaboration Launch Event with the principles of sustainable finance. In addition, efforts
and ESG Leadership Training" by Indonesia Stock are needed to integrate the implementation of sustainable
Exchange ("IDX") and International Finance Corporation governance with existing functions within the organizational
("IFC") on March 16, 2023 in Jakarta structure.
- Webinar "The Future of Sustainability Reporting: An
Exclusive Forum for Regulators and Listed Companies In carrying out its activities, CCB Indonesia always prioritizes
in Indonesia" by Indonesia Stock Exchange ("IDX") in compliance with applicable regulations and also pays attention
collaboration with the Global Reporting Initiative ("GRI") to risk management from every step of the initiative to encourage
on June 13, 2023 2023 in Jakarta the implementation of the Sustainable Finance Actions described
- Seminar "Creating Green Investment Opportunities above.
and Potential in Jakarta" by Bank Indonesia and the
Jakarta Investment Forum (JIF) of DKI Jakarta Provincial With a loan growth target of 13.59% in 2024, there are still great
Government on August 3, 2023 in Jakarta opportunities and potentials to increase lending to parties or
- Webinar "Conference Catalyzing Green and Sustainable business actors who are environmentally sound (green companies).
Finance Through Capital Market and Other Innovative CCB Indonesia will continue to encourage credit providers to
Solutions" by the Asian Development Bank (ADB) on give more priority to business players who carry out their business
August 8, 2023 in Bangkok, Thailand with concern for social and environmental aspects.
- Webinar "OJK International Research Forum, Save the
Planet: The Role of the Financial Sector to Support 5. Sustainability Governance
Carbon Reduction and Electric Vehicles Development"
by Financial Services Authority Institute (OJK Institute) As a responsible public company, CCB Indonesia is committed
on September 25, 2023 in Jakarta to ensuring that the Bank's operations are always concerned
- Webinar "Sustainable Finance and Capital Market: with the environment, social and based on good governance.
Investing in a Greener Future" by the Financial Services The broad and comprehensive implementation of Good
Authority (OJK), Indonesia Stock Exchange (IDX), Corporate Governance will contribute to profitability, added
Indonesian Finance Association (IFA) on October 11, value for stakeholders, and long-term business growth
2023 in Jakarta sustainability for CCB Indonesia as a public company.
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CCB Indonesia always strives to improve sustainability - Governance Outcomes, including efforts to evaluate
governance, while maintaining the fulfilment of the principles governance performance in line with the challenges and
of Good Corporate Governance in every business activity at long-term sustainability of the Bank's business and
all levels of the organization is an important factor to gain stakeholder expectations.
the trust of stakeholders, including: shareholders/investors,
customers, banks correspondents, government/regulators, The Bank is committed to implementing good corporate
employees, suppliers and the community in the CCB Indonesia governance at all levels or levels of the organization. This
work environment with concern for social and environmental commitment is made in an effort to improve the financial and
aspects. non-financial performance of the Bank and gain the trust of
investors and shareholders.
CCB Indonesia believes that the implementation of Good
Corporate Governance (GCG) is an important component to The form of GCG implementation is stated in the Vision, Mission,
improve the Bank's performance in a sustainable manner and Core Values, Code of Ethics, Core Company Policies and best
ensure stakeholder protection and ensure compliance with practices in Corporate Governance, Charter and Work Guidelines
applicable laws and regulations. Therefore, the Bank ensures to the Whistleblowing System.
and supervises that the principles of GCG have been implemented
properly in every business activity and in all parts of the The three main pillars in the governance of CCB Indonesia
organization. are the General Meeting of Shareholders (GMS), the Board
of Commissioners, and the Board of Directors. The GMS is
In implementing Good Corporate Governance, CCB Indonesia the highest entity in the form of a forum for shareholders
builds a corporate culture by applying the principles of to make decisions and oversee the overall performance of
corporate governance, namely transparency, accountability, the Bank.
responsibility, independence and fairness. These five principles
are always applied in the Bank's business activities and day- Under the GMS there is a Board of Commissioners which holds the
to-day operations at all levels of the organization. supervisory and advisory functions. The Board of Commissioners is
responsible for ensuring that all business activities under the
Improving the quality of the implementation of Good coordination of the Board of Directors are carried out in accordance
Corporate Governance is one of the efforts to improve bank with the regulations and objectives of the Bank. To carry out its
performance, protect the interests of stakeholders and functions, the Board of Commissioners is supported by the Audit
improve compliance with laws and regulations and ethical Committee, Risk Monitoring Committee, and the Nomination and
values (code of conduct) that generally apply to the banking Remuneration Committee. The Board of Commissioners carries out
industry. their duties and responsibilities in making decisions independently.
As a framework that can provide guidance for each Board of Directors is an organ that has a representative and managerial
organizational unit of the Bank so that in acting, they adhere mandate. The Board of Directors plays a major role in the Bank's
to the principles of Good Corporate Governance, the Bank day-to-day operations, as well as being responsible for ensuring
has prepared General Policies and Guidelines for the that the Bank's strategies and initiatives, both short term and long
Implementation of Good Corporate Governance, and has term, are implemented properly. In carrying out its responsibilities,
been approved by the Board of Commissioners and Board the Board of Directors is assisted by the committees under it, including
of Directors. the Credit Committee, Credit Policy Committee, Risk Management
Committee, Asset & Liabilities Management Committee (ALCO),
CCB Indonesia applies GCG principles through three aspects and the IT Steering Committee. In addition to the above committees,
of the implementation of Governance, namely Governance the work of the Board of Directors is also assisted by work units,
Structure, Governance Process, and Governance Outcome. including the Internal Audit Division, Risk Management Division,
- Governance structure, which includes the adequacy of the Compliance Division and Anti-Fraud Unit. All organs, committees,
GCG structure and infrastructure, which aims to ensure and work units work in accordance with the agreed division of tasks
that the process of implementing Good Governance and responsibilities, with a good internal control system.
principles produces outcomes that are in line with the
expectations of stakeholders. CCB Indonesia always has and allocates part of its funds as
- Governance process, includes structured and systematic social and environmental responsibility funds to support
procedures and mechanisms to produce policy outcomes activities in implementing sustainable finance as well as
that meet the principles of Governance. implementing business practices and investment strategies
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by paying attention to, implementing and integrating During 2023, the Bank has held 310 training programs
environmental, social and governance values in supporting at with a total of 8,567 participants. Compared to 2022,
least: 179 training programs have been implemented with
1) sustainable business ecosystem; a total of 6,602 participants. The training program in
2) product development; 2023 has been carried out online and offline, adjusted
3) transaction; to the needs at the time of implementing the activities.
4) sustainable activity financing services and transition financing; Online training can involve more employees from
5) development of sustainable financial programs and various locations, but face-to-face training can increase
implementation of bank operational activities that are interaction between trainers and trainees. The Bank
environmentally friendly; and has consistently carried out training programs and
6) social and community empowerment. increased employee competency, both within and
outside the bank.
in implementing sustainable finance.
In the context of developing competencies related to
a Person in Charge of Sustainable Finance sustainable finance, as explained in the previous section,
Implementation a number of officers and Directors participated in a
Responsible for the Implementation of Sustainable Finance at number of trainings/workshops related to the
CCB Indonesia at the highest governance organs in the Company, understanding of Sustainable Finance, including
namely the Board of Commissioners and Directors, then continued Environmental, Social, and Governance (ESG) during
by management at the head office, Division Heads and Regional 2023 as follows:
Heads, to the entire CCB Indonesia branch office network. - Webinar "Opening Opportunities through Improving
ESG Ratings" by Indonesia Stock Exchange ("IDX") and
Responsibilities of the Board of Commissioners related to PricewaterhouseCoopers ("PWC") on January 19, 2023
the implementation of sustainability aspects and sustainable in Jakarta;
finance principles, including to approve the Sustainable - Webinar "IFC and IDX ESG Collaboration Launch Event
Finance Action Plan prepared by the Board of Directors and ESG Leadership Training" by Indonesia Stock
and is part of the Bank's Business Plan to be submitted to Exchange ("IDX") and International Finance Corporation
the Financial Services Authority. ("IFC") on March 16, 2023 in Jakarta;
- Webinar "The Future of Sustainability Reporting: An
The Board of Directors is responsible for the preparation and Exclusive Forum for Regulators and Listed Companies
implementation of the Sustainable Finance Action Plan, to be in Indonesia" by Indonesia Stock Exchange ("IDX") in
forwarded to the next layer of organizational structure. Corporate collaboration with the Global Reporting Initiative ("GRI")
Secretary assists the Board of Directors in the preparation of on June 13, 2023 in Jakarta;
the Sustainable Finance Action Plan which is submitted together - Seminar "Creating Green Investment Opportunities
with the Bank's Business Plan to the Financial Services Authority and Potential in Jakarta" by Bank Indonesia and the
after obtaining approval from the Board of Commissioners. Jakarta Investment Forum (JIF) of DKI Jakarta Provincial
The head office management provides direction to units that Government on August 3, 2023 in Jakarta;
carry out business functions for lending, giving priority to - Webinar "Conference Catalyzing Green and Sustainable
business actors who carry out their business by prioritizing and Finance Through Capital Market and Other Innovative
paying attention to environmental factors, as well as having a Solutions" by the Asian Development Bank (ADB) on
positive impact on environmental preservation. August 8, 2023 in Bangkok, Thailand;
- Webinar "OJK International Research Forum, Save the
b Competency Development Related to Sustainable Planet: The Role of the Financial Sector to Support
Finance Carbon Reduction and Electric Vehicles Development"
CCB Indonesia is fully aware of the importance of continuously by Financial Services Authority Institute (OJK Institute)
increasing knowledge and competence for human capital on September 25, 2023 in Jakarta;
according to their respective functions at CCB Indonesia - Webinar "Sustainable Finance and Capital Market:
regarding the implementation of sustainable financial Investing in a Greener Future" by the Financial Services
governance, and knowledge regarding the provision of banking Authority (OJK), Indonesia Stock Exchange (IDX),
products and services that are environmentally sound and in Indonesian Finance Association (IFA) on October 11,
accordance with the principles of sustainable finance. 2023 in Jakarta;
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- Webinar "Socialization of Financial Services Authority The Board of Directors ensures that all material risks and
Regulations (POJK) Number 14/POJK.04/2023 concerning impacts caused by these risks have been followed up and
Carbon Trading through Carbon Exchanges and Financial submits an accountability report to the Board of
Services Authority Circular Letter (SEOJK) Number 12/ Commissioners.
SEOJK.04/2023 concerning Procedures for Organizing
Carbon Trading Through Exchanges Carbon” by the The Board of Directors has monitored risk management
Financial Services Authority (OJK) on October 24, 2023 policies and strategies through discussions at various
in Jakarta; committee meetings. The Bank has improved the Quality
- CCB Indonesia, in collaboration with Bank Indonesia of Risk Management which is reflected in the Bank's Risk
and Department of Cooperatives & SMEs of Yogyakarta Profile which is maintained properly.
Special Region, carried out Financial Literacy related
to the use of digital finance and the introduction of As a manifestation of the Bank's commitment to the
sustainable finance, which was attended by 50 small implementation of good corporate governance and the
entrepreneurs at CCB Indonesia Branch Office in implementation of risk management in sound and prudent
Yogyakarta on December 16, 2023. banking business practices, CCB Indonesia performs a
comprehensive supervisory function that is independent
and objective. In principle, the implementation of the
c Risk Assessment on the Implementation of internal control system is carried out through an inherent
Sustainable Finance control mechanism in each line and task force, among
In managing the risk of implementing sustainable finance, others in the form of direct supervision by superiors to
the Bank has an adequate organizational structure to subordinates, compliance with standard work procedures
support the implementation of risk management and and other internal control mechanisms.
good internal control, among others by establishing the
Internal Audit Division, Risk Management Division, Risk d Stakeholders Relation
Management Committee, Risk Monitoring Committee, CCB Indonesia always strives to maintain the trust of
and Compliance Division. CCB Indonesia has implemented stakeholders, which is the main value for the Bank, in order
a risk management policy that aims to ensure that risks to continuously improve performance, ensure business
arising in its business activities can be identified, measured, continuity, and carry out its roles and responsibilities as an
monitored, managed and reported which in turn can intermediary institution to support the national economy.
provide benefits in the form of increasing the trust of CCB Indonesia is committed to always prioritizing the
shareholders and the public. To achieve this goal, the implementation of good corporate governance practices
Bank has established a Risk Management Committee in all of its operational activities with prudential principles.
and a Risk Management Division in charge of establishing
Risk Management Policies to deal with risks that arise, CCB Indonesia always strives to improve sustainability
improve and enhance the implementation of Risk governance, while maintaining the fulfilment of the principles
Management. of Good Corporate Governance in every business activity
at all levels or levels of the organization is an important
The organizational structure has been fulfilled by filling all factor to gain the trust of stakeholders, including:
positions with definitive officials. The Board of Commissioners shareholders/investors, customers, correspondent banks,
and the Board of Directors have carried out their duties government/regulators, employees, suppliers and the
and responsibilities related to the implementation of risk community in the CCB Indonesia work environment with
management. This risk management involves all levels of concern for social and environmental aspects.
the Board of Directors, executive officers, and all employees,
as well as with the supervisory function by the Board of CCB Indonesia believes that the implementation of Good
Commissioners. Corporate Governance is an important component to
improve the Bank's performance in a sustainable manner
The organizational apparatus, along with the Committees and ensure stakeholder protection and ensure compliance
that assist the implementation of the duties of the with applicable laws and regulations. Therefore, the Bank
Commissioners and Directors, coordinate with each other ensures and supervises that the Good Corporate principles
in supporting the implementation of risk management have been implemented properly in every business activity
and internal control. and in all parts of the organization.
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e Challenges to the Implementation of Sustainable Mission of CCB Indonesia
Finance “Provide better products and services for customers, create
In carrying out all its business activities in all lines, CCB higher value for shareholders, build a broader career path
Indonesia is committed to always implementing good for associates, and implement social and environmental
corporate governance. The application of the principles of responsibility as a good corporate citizen”
sustainable finance in sustainable governance is CCB
Indonesia's commitment in running its business by paying CCB Indonesia has adjusted the General Credit Policy and
attention to environmental, social, and environmental social Guidelines specifically in Sub Chapter III.18 which is used
governance (ESG) aspects. as a reference/reference/guideline for all credit-related
parties as follows:
The challenges faced by CCB Indonesia in implementing
sustainable governance that still need to be considered III.18. Financing Related to the Implementation of
are the need to continuously increase knowledge and Sustainable Finance
competence for human capital according to their respective III.18.1. Definition
functions at CCB Indonesia regarding the implementation a. S u s t a i n a b l e Fi n a n c e i s a
of sustainable financial governance, and knowledge comprehensive support from the
regarding the provision of banking products and services, financial services sector to create
environmentally sound and in accordance with the sustainable economic growth by
principles of sustainable finance (internal capacity building). aligning economic, social and
In addition, efforts are needed to integrate the environmental interests.
implementation of sustainable governance with existing b. The environment is the unity of space
functions within the organizational structure. with all objects, forces, conditions and
living things, including humans and
In carrying out its activities, CCB Indonesia always prioritizes their behaviour, which affect nature
compliance with applicable regulations and also pays itself, the continuity of life and the
attention to risk management from every step of the welfare of humans and other living
initiative to encourage awareness of the importance of creatures.
environmental, social and governance sustainability. c. Sustainable Financial Products and/
or Services are financial products
A full description of governance and risk management and/or services that integrate
can be seen in the Corporate Governance Chapter economic, social and environmental
(page143). aspects, as well as governance in
their features.
6. Sustainability Performance
III.18.2. Financing/granting credit based on the
a. Activities to Build the Culture of Sustainability type of use of credit can be distinguished
CCB Indonesia seeks to build awareness for all employees as follows:
of the importance of implementing sustainable finance, a. Retail banking financing/crediting:
by providing direction through branch managers to i. Environmentally sound housing
reach all offices and heads of work units at the head financing;
office, so that they can pass it on to all staff under their ii. Financing for car ownership of the
coordination, in carrying out all operational and business type of Low Cost Green Car (LCGC),
activities. by emphasizing concern for social and Hybrid type car, Electric car.
environmental aspects. Directions to units that carry out b. Working Capital and Investment
business functions for lending give priority to business Financing:
actors who carry out their business by prioritizing and The financing business activities of
paying attention to environmental factors, as well as CCB Indonesia which are categorized
having a positive impact on environmental preservation. in the sustainable finance portfolio
CCB Indonesia's mission has been adapted to are 11 Environmentally Sound Business
accommodate the Sustainable Finance program which Activities (KUBL) + 1 Micro, Small and
in its Mission contains an element of social and Medium Enterprises (MSMEs), with
environmental responsibility. the following details:
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i. Renewable energy business xi. Other business activities that are
activities such as power plants: environmentally sound other than
water/ solar/ wind/ geothermal/ the 10 (ten) business activities
biomass, and others. above.
ii. Energy efficiency business activities xii. All financing for MSME activities.
such as environmentally sound
development projects, energy III.18.3. Social and Environmental Risk Management
storage, district heating, smart grids, in the process of granting loan at CCB Indonesia
LED lighting, building renovations
with the concept of Excellence in Risk
Loan
Design for Greater Efficiency Step Management Tools
Process
Process
(EDGE).
iii. Pollution prevention and control 1 Loan Identification Debtor form and
application activity list related
business activities such as factory
to social and
waste treatment, industrial environmental risks
recycling, air emission reduction,
2 Loan Measurement Industry sub-
greenhouse gas control, soil analysis sector guideline,
remediation, waste reconditioning, environmental
and environmental monitoring overview sheet, site
analysis. visit questions list
iv. Activities for managing biological 3 Loan Control Environmental
natural resources (SDA) and Disbursement Covenant
Decision
sustainable land use.
v. Land and water biodiversity 4 Disbursement Monitoring Social and
and Post and reporting environmental risk
conservation business activities.
Loan report in post loan
vi. E n v i r o n m e n t a l l y s o u n d Monitoring monitoring report
transportation business
activities such as Mass Rapid
Transportation (MRT), Light Rail III.18.4. Conditions for granting credit related to
Transit (LRT ), Bus Rapid Transit the Integration of Environment and Social
(BRT ), electric trains, toll roads, Risk Management (ESRM)
airports, stations, terminals with a. Availability of document regarding the
solar power. environmental impact analysis (AMDAL).
vii. Sustainable water and wastewater b. If the (prospective) debtor has been
management activities such as included in the company's
wastewater installations (WWTP), environmental performance rating
water recycling installations, program (PROPER) from the Ministry
integrated water resource of Environment (KLH), only gold, green
management. and blue ratings are recommended.
viii. Climate change adaptation c. For (prospective) mining debtors, it is
activities such as abrasion-resistant required to carry out rehabilitation
houses, high-yielding varieties, and conservation on ex-mining land.
forest fire tools, coral reef d. For (prospective) debtors who manage
conser vation, mangrove palm oil, if they are included in the
conservation. corporate segment, they are required
ix. Product procurement activities to have an RSPO (Roundtable
that can reduce the use of resources Sustainable Palm Oil) certificate.
and produce less pollution (eco- Financing/granting credit related to the implementation
efficient). of sustainable finance implementation in each business
x. Environmentally sound buildings segment will be regulated in more detail in the respective
that meet nationally, regionally or Guidelines and/or SOPs for each credit segment, and
internationally recognized also regulated in the Guidelines/SOPs that are relevant/
standards or certifications. related to the implementation of sustainable finance.
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b. Economic Performance the Jakarta area, with a syndicated financing amount
1) Comparison of targets and performance, portfolio, of IDR700 billion;
financing targets, income and profit and loss ▪ PT Sarana Multi Infrastruktur (SMI), a catalyst
Complete information on targets and performance, agent company for Indonesian infrastructure
portfolio, financing targets, income and profit and loss development which is directly supervised by the
can be seen in Financial Review: Management Analysis Minister of Finance. CCB Indonesia collaborates
and Discussion (page 117). with CCB Asia (Hong Kong) to participate in a
2) Comparison of targets and performance of portfolios, syndicated loan facility to provide working capital
financing targets, or projects that are in line with the facilities in line with CCB Indonesia's commitment
implementation of Sustainable Finance. to infrastructure progress in Indonesia. This
In the preparation of the 2023 Sustainable Finance financing is provided to support PT SMI's
Action Plan, the financing target for environmentally infrastructure development financing portfolio
sound business activities has not yet been determined. in Indonesia, especially for projects in the 'green
project' and 'social project' categories, and there
The following is the realization of financing for are KPIs and assessments carried out by third
environmentally sound business activities (KUBL) party sustainability consultants. Total financing
from CCB Asia (Hong Kong) and CCB Indonesia
Environmentally sound business Realization as of Dec for this project is USD18 million;
activities category 2023 ▪ PT PP Semarang Demak (Persero), is engaged in
(exclude MSMEs) (in million IDR)
the toll road construction business, in this case
Renewable energy 89,870 financing for environmentally sound transportation
Pollution Prevention and Control 350,772 business activities with total financing of IDR400
Sustainable Water and 84,892 billion;
Wastewater Management ▪ PT Manha Daya Mandiri, engaged in mini hydro
Other Environmentally Sound 575,050 power generation (renewable energy) with total
Business Activities financing of IDR30 billion;
▪ PT Culletprima Setia, engaged in the manufacturing
sector of household equipment (plates, glasses,
During 2023, loan disbursement for environmentally etc.) using recycled glass/shard as raw material
sound business activities, namely to a number of (pollution prevention and control), total financing
companies that have concern and support for the of IDR75 billion;
environment (green companies), which have been ▪ PT Sarana Inti Pertiwi, engaged in the contractor
realized include: business for processing raw water in shopping
▪ State Electricity Company (Persero), with specific centers (malls), apartments, water dams, etc., total
financing for green financing projects amounting financing of IDR1.25 billion; as well as
to USD150 million; ▪ The number of loans to the MSME sector as on 31
▪ PT Aruna Cahaya Pratama, engaged in the December 2023 was IDR1,703 billion with the ratio
procurement, installation and operation of solar of MSMEs to total loans of 8.79%.
panel systems (photovoltaicPV) and/or solar power
plants with a total capacity of up to 200MW, with To support financing of green development projects
total financing of IDR400 billion; (which pay attention to the environment), the Bank
▪ PT Air Bersih Jakarta (ABJ), a company that supports also encourages customers engaged in the oil palm
PAM Jaya in increasing the reach of clean water plantation and mining business sectors to comply
supply services throughout Jakarta. This financing with environmental regulations. Palm oil debtors are
is to build, operate and maintain the new drinking expected to have Indonesian Sustainable Palm Oil
water supply system Jatiluhur SPAM and Buaran (ISPO) or Roundtable Sustainable Palm Oil certification
SPAM, then distributed to customers throughout (RSPO).
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In addition, the Bank is also gradually developing an (in million IDR)
inclusive sustainable Priority Economic Sector by Cost 2023 2022 2021 2020 2019
increasing funding activities, especially in the industrial,
Printing 495.01 579.85 543.06 876.58 1,732.50
energy, agriculture (in a broad sense), infrastructure
and MSME sectors by balancing economic, environmental
and social aspects. 3) Energy Aspect
- Amount and Intensity of Energy used
c. Environmental Performance - Efforts and Achievements of Energy Efficiency and
1) General Aspect Use of Renewable Energy
- Environmental Cost
CCB Indonesia continues the Sustainable Greening CCB Indonesia is engaged in the banking sector in the
Program, in 2023 entered Phase VII of Tree Planting use of energy, especially fuel, namely for transportation
by coordinating the planting of 700 high-yielding purposes for bank operations, which consists of 72
petai seedlings on farms owned by farming offices owned throughout Indonesia.
communities, hamlet roads and hillsides prone to
landslides running in 3 (three) villages, namely CCB Indonesia always strives to reduce the use of
Sumberharjo Village, Sindukarto Village and Puloharjo fuel resources in bank activities, including: meetings
Village, Eromoko District, Wonogiri Regency, Central and discussions using teleconference media, as
Java, as part of a social humanitarian activity well as organizing virtual training (e-training), to
(Corporate Social Responsibility). The implementation holding the General Meeting of Shareholders
of a sustainable reforestation program that previously electronically. In addition, CCB Indonesia also
carried out planting of longan, sapodilla, jackfruit encourages customers to make financial transactions
and petai tree seedlings in Phases I-VI during 2014- using digital banking, so that customers do not
2022. The fruits from this planting can be utilized need to come to the bank and reduce the use of
by the local community, which is expected to transportation.
improve the economy of the surrounding
community, while protecting the environment. Transportation costs have shown a consistent decline
in the last 5 (five) years, namely IDR341 million (2019),
During March – October 2023 CCB Indonesia IDR149 million (2020), IDR144 million (2021), IDR129
assisted watering trees during the dry season around million (2022), and to IDR119 million (2023).
Sumberharjo and Sindukarto Villages, Eromoko
District, Wonogiri Regency, Central Java. In the dry Likewise, Printing Costs show a decreasing trend from
season in Wonogiri area it is very dry and the air IDR1.73 billion (in 2019), to IDR876 million (2020), to
temperature can reach up to 40 degrees Celsius IDR543 million (2021), IDR579 million (2022), and to
during the day, so the plants can wither if not IDR495 million (in 2023).
assisted by intensive watering. During 2023, the
greening costs incurred by CCB Indonesia amounted Gas Electric Water costs have also decreased from
to IDR189,300,000 which was used to plant 700 IDR5.70 billion (in 2022) to IDR5.62 billion (in 2023).
petai tree seedlings and the cost of watering the
seeds during the dry season in Wonogiri. However, since the pandemic period has ended in
2023 and office operational activities have returned
2) Material Aspect to normal, which is marked by the level of traffic
- Use of Environmentally Sound Materials congestion which tends to increase along with the
CCB Indonesia always strives to reduce the use of end of activity restrictions regulated through the
resources including printed materials and photocopies, previous PPKM status, fuel consumption increased in
both for the needs of daily banking operations, as 2023, namely IDR3.20 billion (320,354 litres of fuel)
well as for the needs of customers in financial from IDR2.93 billion (292,840 litres of fuel) in 2022.
transactions at the bank. In general, in the last 5 (five)
years it has shown a downward trend, although a Efforts and Achievements of Energy Efficiency and Use
slight increase in 2022 in paper usage. of Renewable Energy
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CCB Indonesia always strives for energy efficiency of of human resources that are reliable and able to create
the resources used, including encouraging the use of work comfort for employees. CCB Indonesia's human
refillable tumblers (drink bottles / mineral water) to capital has received attention from companies, such as
reduce the use of mineral water in plastic bottles; also in terms of providing remuneration, increasing competence
encourages efficiency in electricity consumption by and professionalism through training, creating a comfortable
providing instructions to turn off lights, computers and workplace, health insurance coverage for employees and
others when leaving the room. their dependents, respecting and protecting human rights,
and recognizing diversity, equality. and equal opportunities
4) Water Aspect regardless of race, ethnicity, religion and gender.
- Water usage
CCB Indonesia in an effort to save energy - Equal Employment Opportunity
resources is carried out, among other things, The Bank is committed to always providing a decent
by encouraging the use of bottled drinks (re-fill) and safe work environment for employees without
for each employee to reduce the use of bottled discrimination. So far, there have been no complaints
water. from employees related to discrimination cases
because the Bank believes that transparent equal
d. Social Performance employment opportunities will increase the sense
1) Commitment to provide services for equal products of comfort and security for employees thereby
and services to consumers increasing productivity.
In order to maintain public trust and consumer protection,
CCB Indonesia always pays attention to creating a sense - Child Labor and Forced Labor
of security for its customers. CCB Indonesia's products CCB Indonesia is committed to upholding equal
and services are in accordance with applicable employment opportunities and not employing
regulations, standards and best practices. forced labor and child labor.
Every product launched by CCB Indonesia is directed - Regional Minimum Wage 2023
to provide maximum benefits and benefits to customers. Percentage of remuneration for permanent
CCB Indonesia through frontliners ensures that employees at the lowest level to the UMP (Provincial
customers can understand the advantages of CCB Minimum Wage) and UMK (Regency or City
Indonesia products, according to their needs. Minimum Wage)
Transparency of CCB Indonesia products includes all 2023 MSE
Number of
information regarding products, including product Remuneration
Employees
Presentation
benefits and uses, terms and conditions, rights and
obligations of each party, when the agreement ends Jakarta 54 100.20%
and how it is resolved, information on administrative Bogor 7 100.22%
fees charged, including the risks. Information is conveyed Semarang 5 101.94%
to the public through promotional media such as Bandung 4 105.52%
brochures, leaflets, websites, and bulletin boards
Solo 1 125.11%
throughout the CCB Indonesia office network.
Tangerang 1 100.22%
Each CCB Indonesia office provides a special unit / Surabaya 3 100.22%
officer to handle complaints from customers, so that Tanjung Pinang 2 100.30%
problems with customers can be immediately followed Batam 6 100.22%
up with a target completion time according to the
Sukabumi 2 100.30%
provisions of the Financial Services Authority.
Malang 1 100.31%
2) Employment Aspect NTB/Mataram 2 109.30%
CCB Indonesia places employees, called CCB Indonesia's Tangerang 1 100.22%
human capital, as the company's capital. The sustainability Selatan
of the Company is highly dependent on the management 89 103.39%
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- Decent and Safe Working Environment Education and training programs held during
CCB Indonesia is committed to preserving the 2023 with materials covering technical skills and
environment in the company's daily operational soft skills include: Risk Management Certification,
activities/activities, including by keeping the Payment Systems and Rupiah Currency
environment around the office clean. Management (SPPUR), credit analysis, Bank
Operations / Standard Operating Procedures (SOP),
In creating a comfortable working environment, Customer Service Complaints, AML CFT Training,
CCB Indonesia fulfils employee rights by providing Sustainable Finance, Compliance, Induction
a decent and safe working environment for all Program, Training related to system development,
employees. CCB Indonesia believes that respect Product Knowledge, Training related to Cyber
for diversity and equal opportunities can create Security, Training related to personal data
a comfortable and safe work atmosphere thereby protection, Training related to Cyber Crime, Digital
increasing employee productivity and Banking, IT hardware, work safety, as well as various
engagement. This cannot be separated from the other Seminars and Workshops.
facilities, infrastructure and work procedures that
have been prepared. CCB Indonesia's commitment 3) Community Aspect
to diversity and equal opportunities throughout - Impact of Operations on Surrounding Communities
2023. including financial literacy and inclusion
The educational program strategy of CCB Indonesia
- Employee Training and Capability Development is directed at school-age children, so that they can
Employee training and development programs acquire general financial/banking knowledge early,
will be of particular concern in 2023, and will and later produce people who are financially literate
continue to be improved according to needs to and able to manage finances intelligently. This
support the Bank's business development. During educational program is carried out by visiting
2023, the Bank has held 310 training programs schools by providing basic banking knowledge, in
with a total of 8,567 participants. Compared to particular encouraging children to be diligent in
2022, 179 training programs will be implemented saving. The provision of education for elementary
with a total of 6,602 participants. The training school children is more towards audio-visual and
program in 2023 will be carried out online and simple demonstrations that make it easier to
offline, adjusted to needs at the time of carrying understand and receive financial knowledge.
out activities. Online training can involve more
employees from various locations, but face-to- CCB Indonesia also participates in providing banking
face training can increase interaction between education by helping small entrepreneurs by
trainers and trainees. The Bank has consistently providing banking education, in order to gain
carried out training programs and increased knowledge and financial literacy, for the progress
employee competency, both within and outside and success of their business. In providing banking
the bank. education, socialization of sustainable finance was
also carried out regarding the importance of
The Bank has consistently conducted training environmental and social care for small entrepreneurs
programs and increased employee competence, in conducting business.
both carried out inside and outside of the bank.
The number of participants in education and training Banking education training for small entrepreneurs
programs during 2023 and 2022 are as follows: has been carried out 1 (one) time, namely CCB
Indonesia in collaboration with Bank Indonesia and
Types of Education and Total Participants Yogyakarta Special Region Cooperative & SME
Training 2023 2022 Service, held Financial Literacy related to the use
• Internal Education 8,290 6,248 of digital finance and the introduction of sustainable
• External Training 277 354 finance, which was attended by 50 small
Total 8,567 6,602 entrepreneurs at CCB Indonesia branch office in
Yogyakarta.
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CCB Indonesia participates in supporting inclusion complaints and dispute resolution to customers
programs, to increase public access to financial in accordance with the provisions of the Financial
institutions, products and services; improve the Services Authority and Bank Indonesia, and
provision of financial products and/or services in establishes a unit/function for Handling and
accordance with the needs and capabilities of the Settlement of Customer Complaints.
community; and quality of financial products and/
or services. Every customer complaint received is handled and
resolved within a period of time in accordance with
- Public Complaint applicable regulations. Mediation in the context
CCB Indonesia already has a General Policy and of resolving Bank customer complaints is carried
Guidelines for Customer Protection as well as out properly. Reports on the handling and settlement
Standard Operating Procedures for Service and of customer complaints are reported to the Financial
Settlement of Customer Complaints. The Bank is Services Authority and Bank Indonesia on a quarterly
transparent about the procedures for customer basis.
Completed On Process Incompleted Number of
No Types of Financial Transactions Complaints
Total Percentage Total Percentage Total Percentage Total
1 Transaction failure at ATM 153 76.12% 1 0.50% - - 154
machine
2 Transaction Failure in Electronic 44 21.89% 2 0.99 - - 46
Banking
3 Settlement of Non Performing 1 0.50% - - - - 1
Loans
Number of Consumer Complaints 198 98.51% 3 1.49% - - 201
Handled during 2023
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Environmental Social Responsibility Activities
The Sustainable Development Goals (SDGs) in general are as As a form of social responsibility and concern for others, the
follows: community and the surrounding environment, CCB Indonesia
• Our planet earth faces enormous economic, social and regularly holds various humanitarian social activities. During
environmental challenges. the COVID-19 pandemic, the implementation of social activities
• To address this, the SDGs define global priorities and follows safe health protocols.
aspirations for 2030. They represent an unprecedented
opportunity to eliminate extreme poverty and put the CCB Indonesia always strives to provide benefits to the community
world on a sustainable path. as part of its Social Responsibility. As a form of social responsibility
• Governments around the world including the Government and concern for others, the community and the surrounding
of Indonesia have agreed to these goals. environment, CCB Indonesia regularly holds various humanitarian
• The Sustainable Development Goals (SDGs) define social activities. CCB Indonesia is committed to participating
global sustainable development priorities and aspirations in sustainable economic development in order to improve the
for 2030 and seek to mobilize global efforts around a quality of life and the environment.
common set of goals and objectives. The SDGs call for
worldwide action among governments, business and CCB Indonesia formulates its Corporate Social Responsibility (CSR)
civil society to end poverty and create lives of dignity policy based on Law No. 40 of 2007 concerning Limited Liability
and opportunity for all, within the boundaries of the Companies article 1 paragraph 3, that Social and Environmental
planet. Responsibility is CCB Indonesia's commitment to participate in
sustainable economic development in order to improve the quality
CCB Indonesia as a Financial Services Institution engaged in of life and a beneficial environment, both for the Company itself,
banking, also has social and environmental responsibilities. the local community, and society in general.
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The CSR program developed by CCB Indonesia is directed to CCB Indonesia continues the Sustainable Greening Program
provide positive benefits including for: (including SDGs No. 13 and SDGs No. 15), in 2023 it entered Phase
1. Improving the quality of life of the local community who are VII of Tree Planting by coordinating the planting of 700 high-yielding
underprivileged, especially for orphans, disabilities and special petai seedlings in farmer-owned fields, Village roads and hillsides
needs. Included in the Sustainable Development Goals / SDGs which are prone to landslides in Sumberharjo Village, Sindukarto
No. 3 is to ensure healthy lives and promote well-being for all. Village and Sinduharjo Village, Eromoko District, Wonogiri, Central
2. Sustainable greening program that benefits others and the Java, as part of social humanitarian activities (Corporate Social
environment, especially overcoming arid, barren lands that Responsibility). The implementation of a sustainable reforestation
are prone to landslides to stop and rehabilitate land damage. program that previously carried out planting of longan, sapodilla,
Included in the Sustainable Development Goals / SDGs No. jackfruit and petai tree seedlings in Phases I – VI during 2014 - 2022.
13 namely taking action to combat climate change and its The fruits from this planting can be utilized by the local community,
impacts, as well as SDGs No. 15 namely protecting, restoring which is expected to improve the economy of the surrounding
and supporting sustainable use of terrestrial ecosystems, community, while protecting the environment.
managing forests sustainably, combating desertification,
and preventing and reversing land degradation and halting Beneficiaries of the Greening Program
biodiversity loss. 1. The local villagers of Sumberharjo Village, Sindukarto
3. Providing needs for people affected by natural disasters. Village and Puloharjo Village, Eromoko District, Wonogiri
Included in the Sustainable Development Goals / SDGs Regency, Central Java, are the direct beneficiaries of CCB
No. 3 is to ensure healthy lives and promote well-being Indonesia's sustainable reforestation program.
for all. 2. The farming community who received assistance to plant
4. Increasing the understanding of the small community towards superior seeds in their respective fields, as well as assistance
banking, to encourage the creation of an independent for watering the plants during the dry season. In addition,
society. Included in the Sustainable Development Goals / some of the plants planted can also provide economic benefits
SDGs No. 4, namely to ensure inclusive and equitable quality for farmers, such as longan, sawo, jackfruit and petai fruit plants.
education, while also supporting learning opportunities for 3. The local government, by planting trees along the village
all. road, the environment gradually becomes greener.
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As a form of CCB Indonesia's social responsibility and concern for others and the surrounding community, in 2023 CCB Indonesia
held various humanitarian activities as follows:
No Date Type of Activity SDGs Donation Recipients Cost Realisation Description
1 3 Feb 23 Orphanage social SDGs Hands of Love Social IDR11,560,260 Assistance for logistics needs, milk,
contributions No. 4 Foundation, Tangerang. This food supplies and operational costs
orphanage cares for 40 for orphanages.
neglected children from
toddlers to teenagers.
2 18 Feb 23 Orphanage social SDGs Jamrud Biru Foundation, Bekasi, IDR7,500,000 Assistance for logistical needs, in
contributions No. 4 Social Welfare Service Home the form of rice.
for people with disabilities and
mental health, with a total of
125 residents.
3 12 Apr 23 School Aid SDGs Green Indonesia Foundation, IDR25,000,000 Assistance in the form of
Donations No. 4 for children assisted by educational funds for "Pursue
underprivileged communities School Pack ages" for
living in scavenger settlements underprivileged children, so that
in the South Jakarta area they can continue their education
(Kebagusan, Ragunan, Jati for a better life.
Padang) Depok and Gunung
Sindur Bogor, with a total of
243 assisted children under
the Green Indonesia
Foundation.
5 18 Apr 23 Social donations SDGs Residents and assisted children IDR19,764,600 Assistance in the form of parcels
Humanitarian aid No. 4 are underprivileged people of daily necessities and school
who live in scavenger supplies.
settlements in the South
Jakarta area through the Green
Indonesia Foundation, in the
context of the holy month of
Ramadan 1444 H in the Jl.
Kebagusan 1 Gang Waru
RT.06/01 Kebagusan Pasar
Minggu South Jakarta.
6 17 May 23 Sustainable SDGs Community of Sumberharjo IDR15,500,000 Assistance for watering tree
Greening No. 13 Village and Sindukarto Village, seedlings in two locations (Phase
Program dan 15 District. Eromoko, Kab. IV to VI) during the dry season for
Wonogiri, Central Java. May-June 2023 in barren areas in
Sumberharjo Village and Sindukarto
Village, District. Eromoko, Kab.
Wonogiri.
7 9 Jun 23 Humanitarian SDGs The general public through IDR12,280,000 The general public in
social No. 3 the Indonesian Red Cross. commemoration of World Blood
contributions Donor Day which was coordinated
by the Sahid Sudirman Center
Building, Jakarta.
8 19 Jun 23 Sustainable SDGs Community of Sumberharjo IDR15,500,000 Assistance for watering tree
Greening No. 13 Village and Sindukarto Village, seedlings in two locations (Phase
Program dan 15 District. Eromoko, Kab. IV to VI) during the dry season for
Wonogiri, Central Java. June-July 2023 in barren areas in
Sumberharjo Village and Sindukarto
Village, Kec. Eromoko, Kab.
Wonogiri.
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No Date Type of Activity SDGs Donation Recipients Cost Realisation Description
9 29 Jul 23 Sustainable SDGs Community of Sumberharjo IDR15,500,000 Assistance for watering tree
Greening No. 13 Village and Sindukarto Village, seedlings in two locations (Phase
Program dan 15 District. Eromoko, Kab. IV to VI) during the dry season for
Wonogiri, Central Java. July-August 2023 in barren areas
in Sumberharjo Village and
Sindukarto Village, Kec. Eromoko,
Kab. Wonogiri.
10 30 Jul 23 Orphanage social SDGs Brayat Pinuji Orphanage, Kulon IDR19,977,048 Assistance for logistical needs, basic
contributions No. 4 Progo, Yogyakarta, which cares food supplies and cleaning
for 90 children from toddlers equipment and school supplies
to teenagers
11 15 Aug 23 Sustainable SDGs Sindukarto Village Community, IDR15,500,000 Assistance for watering tree
Greening No. 13 District. Eromoko, Kab. seedlings in two locations (Phase
Program dan 15 Wonogiri. IV to VI) during the dry season
August-Sep 2023 in barren areas
in Sumberharjo Village and
Sindukarto Village, Kec. Eromoko,
Kab. Wonogiri.
12 18 Aug 23 Orphanage social SDGs Bhakti Luhur Orphanage, IDR13,738,210 Assistance for school supplies in
contributions No. 4 Tangerang, which cares for 62 the form of computer equipment.
children with disabilities
13 18 Aug 23 School Assistance SDGs Bhakti Luhur Orphanage, IDR12,555,841 Assistance for logistics needs, food
No. 4 Tangerang, which cares for 62 supplies and cleaning equipment
children with disabilities needs.
14 30 Aug 23 School Assistance SDGs Mekar Lestari Orphanage, IDR15,000,000 Financial assistance for school
No. 4 Serpong, Tangerang, which education for children in
cares for 38 children from orphanages.
toddlers to teenagers.
15 2 Sep 23 Orphanage social SDGs Mekar Lestari Orphanage, IDR13,460,240 Assistance with daily food logistics
contributions No. 4 Serpong, Tangerang, which needs and cleaning equipment
cares for 38 children from for the orphanage.
toddlers to teenagers.
16 21 Sep 23 Sustainable SDGs Community of Sumberharjo IDR15,500,000 Assistance for watering tree
Greening No. 13 Village and Sindukarto Village, seedlings in two locations
Program dan 15 District. Eromoko, Kab. (Phase IV to VI) during the dry
Wonogiri, Central Java. season September-Oct 2023 in
barren areas in Sumberharjo
Village and Sindukarto Village,
Kec. Eromoko, Kab. Wonogiri.
17 5 Oct 23 Sustainable SDGs Community of Sumberharjo IDR15,500,000 Assistance for watering tree
Greening No. 13 Village and Sindukarto Village, seedlings in two locations (Phase
Program dan 15 District. Eromoko, Kab. IV to VI) during the dry season
Wonogiri, Central Java. October-Nov 2023 in barren areas
in Sumberharjo Village and
Sindukarto Village, Kec. Eromoko,
Kab. Wonogiri.
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No Date Type of Activity SDGs Donation Recipients Cost Realisation Description
18 11 Nov 23 Orphanage social SDGs G u a rd i a n H o l y A n g e l IDR19,998,440 Providing logistical and operational
contributions No. 4 Orphanage, Jatiasih, Bekasi, needs to the Guardian Holy Angel
which cares for 48 children Orphanage
from toddlers to teenagers
19 14 Nov 23 Sustainable SDGs The people of Sumberharjo IDR19,900,000 The reforestation program takes
Greening No. 13 Village, Sindukarto Village, and the form of pre -planting
Program dan 15 Puloharjo Village, District. preparations for Phase VII 2023
Eromoko, Kab. Wonogiri, new tree seedlings for 700 trees,
Central Java. which will be planted in December
2023 in barren areas in Sumberharjo
Village, Sindukarto Village, and
Puloharjo Village, District. Eromoko,
Kab. Wonogiri.
20 1 Dec 23 Free Medical SDGs General public, underprivileged IDR38,000,000 100 packages of free medical
Donations No. 4 families in the Cakung area, treatment for underprivileged
East Jakarta families in the Cakung area, East
Jakarta in collaboration with the
Benih Baik Foundation
21 6 Dec 23 Sustainable SDGs The people of Sumberharjo IDR59,000,000 The reforestation program consists
Greening No. 13 Village, Sindukarto Village, and of purchasing 700 new petai tree
Program dan 15 Puloharjo Village, District. seedlings for Phase VII in 2023
Eromoko, Kab. Wonogiri, which will be planted in November
Central Java. 2023 in barren areas in Sumberharjo
Village, Sindukarto Village, and
Puloharjo Village, District. Eromoko,
Kab. Wonogiri.
22 12 Dec 23 Sustainable SDGs The people of Sumberharjo IDR17,400,000 The reforestation program consists
Greening No. 13 Village, Sindukarto Village, and of planting 700 new tree seedlings
Program dan 15 Puloharjo Village, District. for Phase VII in 2023 in barren areas
Eromoko, Kab. Wonogiri, in Sumberharjo Village and
Central Java. Sindukarto Village, Puloharjo Village,
District. Eromoko, Kab. Wonogiri.
23 7 Dec 23 Health Donations SDGs General public, especially for IDR5,000,000 The implementation of this activity
No. 4 stunting (child malnutrition) was coordinated by the Indonesian
Issuers Association with the
Financial Services Authority and
the Indonesian Stock Exchange,
as well as Capital Market
stakeholders seeking to help end
stunting (child malnutrition) in
Indonesia.
24 15 Dec 23 Orphanage social SDGs Brayat Pinuji Orphanage, Kulon IDR19,965,570 Providing logistical assistance and
contributions No. 4 Progo, Yogyakarta, which cares operational funds to the Brayat
for 90 children from toddlers Pinuji Orphanage, Boro, Central
to teenagers Java
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No Date Type of Activity SDGs Donation Recipients Cost Realisation Description
25 15 Dec 23 Elderly social SDGs Hanna Nursing Home in IDR5,003,630 Logistical assistance and
contributions No. 4 Yogyakarta, which cares for 30 operational funds to the Hana
elderly women Nursing Home in Yogyakarta
26 16 Dec 23 Banking SDGs Financial literacy for 50 IDR24,871,221 CCB Indonesia, in collaboration
Education No. 4 Yo g y a k a r t a small with Bank Indonesia and the
entrepreneurs/UMKM assisted Yogyakarta Special Region
by Bank Indonesia and the Cooperative & SME Service, held
Yogyakarta Special Region Financial Literacy related to the
Cooperative & SME Service use of digital finance and the
introduction of sustainable
finance, which was attended by
50 small entrepreneurs at the
CCB Indonesia Branch Office in
Yogyakarta
Total IDR 452,975,060
7. Responsibility for Sustainable Financial Products/ information on administrative fees charged, including the
Services Development risks. Each CCB Indonesia office provides a special unit /
officer to handle complaints or complaints from customers,
a. Innovation and Development of Sustainable so that problems with customers can be immediately
Financial Products/Services followed up with a target time of completion according
CCB Indonesia is consistently developing technology-based to the provisions of the Financial Services Authority.
products and services, initially developing internet banking
for corporations, continuing for individuals, and mobile Promo Program of products and services of CCB Indonesia
banking, and continuing with the development of further is carried out through optimal and transparent marketing
digital banking, such as QR payments, iDebit, virtual accounts, communications, not violating applicable ethics and
CCBI Win, foreign currency transfers, and others. As is well rules, to achieve targeted awareness and market
known, in the context of Sustainable Finance, the use of positioning. CCB Indonesia seeks to develop and improve
technology-based products will save the resources used, the quality of banking services by prioritizing customer
such as paper, fuel (because there is no need for satisfaction.
transportation).
b. Products / Services that have been Evaluated for
In order to maintain public trust and consumer protection, Safety for Customers
CCB Indonesia always pays attention to creating a sense Regarding the development of sustainable financial products/
of security for its customers. CCB Indonesia's products and services, especially technology-based products and services,
services are in accordance with applicable regulations, an IT System Security test has been carried out for the
standards and best practices. protection of customer data and CCB Indonesia banking
applications as follows:
Every product launched by CCB Indonesia is directed to ▪ CCB Indonesia has implemented the principles of
provide maximum benefits to customers. CCB Indonesia confidentiality, integrity and availability on all
through frontliners ensures that customers can understand communication networks, information and banking
and understand the advantages of CCB Indonesia products, systems in accordance with the Risk Management
according to their needs. Guidelines from the Financial Services Authority (POJK
MRTI).
Transparency of CCB Indonesia products includes all ▪ Information security and banking systems are carried
information regarding products, including product benefits out on aspects of technology, human resources and
and uses, terms and conditions, rights and obligations of processes in the use of Information Technology, including
each party, when the agreement ends and how it is resolved, by:
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Sustainability Report
- Using two layers of authentication for access to During the COVID-19 pandemic, especially when activity
core-banking system, internet banking and mobile restrictions were imposed, this digital banking service became
banking; very important for customers to be able to carry out financial
- Conduct regular security system audits by inviting transactions without having to come to the bank office.
IT Security vendors to conduct security assessments,
penetration tests and infiltration tests on CCB d. Number of Products Recall
Indonesia banking application systems; During 2023 there were no recalled products by CCB
- Conduct periodic evaluations of systems and Indonesia.
procedures to improve system security and to
always comply with the Risk Management Guidelines e. Customer Satisfaction Survey on Sustainable
set by the Financial Services Authority. Financial Products/Services
During 2023, there has not yet carried out for customer
c. Products/Services Impact satisfaction survey on the Products and/or Services.
The development of environmentally sound products and
services through digital banking, such as internet banking 8. Others
(business and individual), mobile banking, QR payments,
iDebit, virtual accounts, CCBI Win, foreign currency transfers, a. Written verification from an independent party for 2023 is
and others, has a very positive impact on the environment, not yet available.
because it will save on resources used, such as paper, b. Feedback sheet for readers for 2023 is not yet available.
gasoline/diesel fuel because transportation is not required c. The Issuer's response to the previous year's report feedback
to go to the bank office, so it can be a solution for banking is currently not available.
transactions more efficiently. d. Disclosure List
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Index
Index Name Page
No
1 Sustainability Strategy 145
Sustainability Strategy Explanation 145
2 Performance Overview of the Sustainability Aspects 147
a. Economic Aspect 147
b. Environmental Aspect 148
c. Social Aspect 148
3 Profile of CCB Indonesia 148
a. Vision, Mission, Core Beliefs and Core Values 148
b. Company’s Address 149
c. Scale of business 149
d. Products, Services, and Business Activities carried out 150
e. Membership in the Association 151
f. Significant Changes in CCB Indonesia 151
4 Explanation of Board of Directors 151
Explanation of Board of Directors 151
5 Sustainability Governance 154
a. Person in Charge of Sustainable Finance Implementation 156
b. Competency Development Related to Sustainable Finance 156
c. Risk Assessment on the Implementation of Sustainable Finance 157
d. Stakeholders Relation 157
e. Challenges to the Implementation of Sustainable Finance 158
6 Sustainability Performance 158
a. Activities to Build the Culture of Sustainability 158
b. Economic Performance 160
1) Comparison of targets and performance, portfolio, financing targets, income and profit and loss 160
2) Comparison of targets and performance of portfolios, financing targets, or projects that are in line with the 160
implementation of Sustainable Finance
c. Environmental Performance 161
1) General Aspect 161
Environmental Cost 161
2) Material Aspect 161
Use of Environmentally Sound Materials 161
3) Energy Aspect 161
Amount and Intensity of Energy used 161
Efforts and Achievements of Energy Efficiency and Use of Renewable Energy 161
4) Water Aspect 162
Water usage 162
d. Social Performance 162
1) Commitment to provide services for equal products and services to consumers 162
2) Employment Aspect 162
Equal Employment Opportunity 162
Child Labor and Forced Labor 162
Regional Minimum Wage 162
Decent and Safe Working Environment 163
Employee Training and Capability Development 163
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Index
Index Name Page
No
3) Community Aspect 163
Impact of Operations on Surrounding Communities including financial literacy and inclusion 163
Public Complaint 164
Environmental Social Responsibility Activities 165
7 Responsibility for Sustainable Financial Products/Services Development 170
a. Innovation and Development of Sustainable Financial Products/Services 170
b. Products/Services that have been Evaluated for Safety for Customers 170
c. Products/Services Impact 171
d. Number of Products Recall 171
e. Customer Satisfaction Survey on Sustainable Financial Products/Services 171
8 Others 171
a. Written verification from an independent party 171
b. Feedback sheet 171
c. The Issuer's response to the previous year's report feedback 171
d. Disclosure List in accordance with Financial Services Authority Regulation No. 51/POJK.03/2017 171
This is an example of the results of CCB Indonesia's reforestation program: longan trees have grown along the Sumberharjo village road, which was previously barren and
there were no plants. Last year, the local government awarded a plaque of appreciation to CCB Indonesia which was placed on this village road.
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174 Opening Business and Functional Review Financial Review
Corporate Governance
The extensive and thorough implementation of Good Corporate Governance will
notably enhance profitability, create added value for stakeholders, and ensure the
long-term sustainability of business growth for CCB Indonesia as a public company
According to the Decision of the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-AH.01.10-0003777 dated
November 30, 2016, and the Letter from the Financial Services Authority (OJK) No. S-400/PB.12/2016 dated November 30, 2016, it
has been resolved to merge PT Bank Antar Daerah (Bank Anda) into PT Bank Windu Kentjana International, Tbk (Bank Windu). The
resultant entity from this merger has been renamed PT Bank China Construction Bank Indonesia Tbk as per the Decision of the
Minister of Law and Human Rights of the Republic of Indonesia No. AHU-0003776.AH.01.10 Year 2016 dated November 30, 2016,
Letter from the Financial Services Authority No. S-441/PB.12/2016 dated December 28, 2016, and a Copy of the Decree of the Board
of Commissioners of Financial Services Authority No. 17/KDK.03/2016 dated 27 December regarding the Determination of the Use
of Business Licenses on behalf of PT Bank Windu Kentjana International Tbk. into PT Bank China Construction Bank Indonesia Tbk
("CCB Indonesia").
The extensive and thorough implementation of Good Corporate Governance will notably enhance profitability, create added value for
stakeholders, and ensure the long-term sustainability of business growth for CCB Indonesia as a public company.
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Corporate Governance Corporate Information Financial Statement Annual Report 175
Corporate Governance
The continuous effort to enhance the implementation of governance CCB Indonesia is committed to consistently implementing the
or Good Corporate Governance previously undertaken, and to principles of Good Corporate Governance in every business activity
ensure the fulfillment of Good Corporate Governance principles at all levels of the organization.
in all business activities at all levels or organizational levels, is crucial
to gaining trust from stakeholders, including shareholders/investors, In 2023, CCB Indonesia persisted in its endeavor to enhance the
customers, correspondent banks, government/regulators, employees, execution of Good Corporate Governance, maintaining and
suppliers, and the community within the working environment of augmenting the advancements achieved in previous years across
CCB Indonesia. This is due to the fact that the evaluation outcomes three key dimensions of governance: Governance Structure,
of Good Corporate Governance will impact the assessment of the Governance Process, and Governance Outcome.
Risk-Based Bank Health Level (RBBR).
Principles of Corporate Governance
As an institution operating in the banking sector and as a public
company, CCB Indonesia implements Good Corporate Governance In implementing Good Corporate Governance, CCB Indonesia
guided by: fosters a corporate culture by adhering to the principles of corporate
• Financial Services Authority Regulation No. 17 of 2023 dated governance, namely transparency, accountability, responsibility,
September 14, 2023, and Financial Services Authority Circular independence, and fairness. These five principles are consistently
Letter No. 13/SEOJK.03/2017 dated March 17, 2017, regarding applied in business activities and daily operations of the Bank at
the Implementation of Governance for Commercial Banks. all levels of the organization.
• Financial Services Authority Regulation No. 45/POJK.03/2015
dated December 23, 2015, concerning the Implementation of Guidelines for Corporate Governance
Governance in Providing Remuneration for Commercial Banks.
• Financial Services Authority Regulation No. 21/POJK.04/2015 Enhancing the quality of Good Corporate Governance
and Financial Services Authority Circular Letter No. 32/ implementation is a key endeavor aimed at bolstering the Bank's
SEOJK.04/2015 regarding the Implementation of Guidelines performance, safeguarding stakeholders' interests, and fostering
for Public Company Governance. adherence to legal regulations and ethical standards prevalent
• Financial Services Authority Regulation No. 33/POJK.04/2014 in the banking sector.
dated December 8, 2014, concerning Board of Directors and
Board of Commissioners of Issuers or Public Companies. To ensure alignment with the principles of Good Corporate
• Financial Services Authority Regulation No. 34/POJK.04/2014 Governance across all organizational units, the Bank has established
dated December 8, 2014, concerning Nomination and Policies and General Guidelines for its implementation. These
Remuneration Committee of Issuers or Public Companies. guidelines have received approval from both the Board of
• Financial Services Authority Regulation No. 55/POJK.04/2015 Commissioners and the Board of Directors.
dated December 23, 2015, regarding the Establishment and
Guidelines for the Operation of Audit Committees. The Bank has developed the provisions for the implementation
• Decree of Board of Directors of the Indonesia Stock Exchange of its Policies and General Guidelines for Good Corporate
Kep-00101/BEI/12-2021 dated December 21, 2021, concerning Governance, which include:
Amendments to Regulation Number I-A regarding the Listing - Self-Assessment Guidelines and Preparation of Good Corporate
of Shares and Equity-like Securities Issued by Listed Companies. Governance Implementation Reports (Guidelines for Assessment
and Preparation of Good Corporate Governance Reports), as
The aforementioned provisions emphasize the necessity for the a guide for conducting self-assessment and preparing reports
implementation of Good Corporate Governance principles to be on the implementation of Good Corporate Governance.
manifest, at a minimum, in: - Code of Ethics Guidelines, laying down the basic principles of
- The implementation of duties and responsibilities of Board of behavior and professionalism expected from all CCB Indonesia
Commissioners and Board of Directors; personnel. This Code of Ethics guideline aims to foster a robust
- The completeness and implementation of tasks of committees culture of risk awareness and establish a sound control
and units performing the functions of the bank's internal control; environment within CCB Indonesia, ensuring that these values
- The application of compliance functions, internal auditors, and become deeply rooted in every member of CCB Indonesia
external auditors; personnel.
- The implementation of risk management, including internal - Guidelines for Handling Conflict of Interest for all CCB Indonesia
control systems; personnel:
- Providing funds to related parties and large exposures; ▪ to understand, prevent, and mitigate conflicts of interest,
- The Bank's strategic plan; and and
- Transparency of financial and non-financial conditions of the ▪ to take a firm stance against conflicts of interest within the
Bank. Bank to achieve good company management.
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176 Opening Business and Functional Review Financial Review
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In addition to adhering to the aforementioned Policies and Guidelines, Based on OJK Regulation No. 7/POJK.04/2021 concerning
the implementation of Good Corporate Governance is also based Policies to Maintain Performance and Stability of the Capital
on other internal regulations established in accordance with Market Due to the Spread of Corona Virus Disease 2019 as
applicable laws and regulations, while still adhering to the principles amended by OJK Regulation No. 4/POJK.04/2022 and Financial
of Good Corporate Governance. Services Authority Circular Letter (SEOJK) No. 20/SEOJK.04/2021
concerning Stimulus Policies and Relaxation of Provisions
General Meeting of Shareholders (GMS) Related to Issuers or Public Companies in Maintaining
Performance and Stability of the Capital Market Due to the
The General Meeting of Shareholders (GMS) is the Company Organ Spread of Corona Virus Disease 2019 as amended by OJK Circular
with authority not delegated to the Board of Directors or Board of Letter No. 4/SEOJK.04/2022, the provisions regarding the
Commissioners within the limits specified in the Law and/or the deadline for holding annual general meetings of shareholders
Articles of Association. by Public Companies were extended for 1 (one) month from
the deadline for the obligation to hold annual general meetings
GMS has the authority, among others, to appoint and dismiss members of shareholders as regulated in Article 2 paragraph (2) of
of the Board of Commissioners and Directors, evaluate the performance Financial Services Authority Regulation Number 15/POJK.04/2020
of the Board of Commissioners and Directors, approve changes to the regarding the Plan and Implementation of General Meetings
Articles of Association, approve the Annual Report, and determine the of Shareholders of Public Companies.
form and amount of compensation, allowances, and facilities for
members of the Board of Commissioners and Directors, as well as make Referring to the provisions above, the Annual General Meeting
important decisions in line with the direction and policies of the Bank. of Shareholders (RUPS) for the fiscal year 2023 was held on
June 6, 2023, in a hybrid manner, namely offline with restrictions
In 2023, CCB Indonesia conducted its Annual General Meeting of on the number of physical attendees based on a first in first
Shareholders (RUPS), by adhering to the Financial Services Authority served method, and also online through the eASY.KSEI application
Regulation (POJK) No. 15/POJK.04/2020 dated April 20, 2020, regarding specifically for local individual shareholders. In the implementation
the Plan and Implementation of General Meetings of Shareholders of of the 2023 Annual RUPS, the vote counting was conducted
Public Companies and Financial Services Authority Regulation No. 16/ by an Independent Party, PT. Sinartama Gunita, as the Company's
POJK.04/2020 dated April 20, 2020, regarding the Implementation of Securities Administration Bureau, and verified by Notary Eliwati
General Meetings of Shareholders of Public Companies Electronically. Tjitra, S.H., as an independent public official.
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Annual General Meeting of Shareholders held on Board of Commissioners and Board of
June 6, 2023. Directors
During the meeting, the decisions were made as follows: The Bank operates its management system through dual control,
ensuring a distinct separation between the roles and duties of the
Agenda One Board of Directors, responsible for managing the Bank, and the
Accepted and approved the Company's Annual Report, including Board of Commissioners, responsible for overseeing its operations.
the Board of Commissioners Supervisory Task Report regarding
the condition and running of the Company for fiscal year 2022 1. Board of Commissioners
and the Company's Annual Financial Report 2022 which has been 1) President Commissioner : Sun Jianzheng
audited by Public Accountant Purwantono, Sungkoro & Surja (a 2) Commissioner : Qi Jiangong
member of Ernst & Young) and provide full discharge of responsibility 3) Commissioner (independent) : Mohamad Hasan
(acquit et de charge) for members of the Board of Directors and 4) Commissioner (independent) : Yudo Sutanto
members of the Board of Commissioners of the Company for
their management and supervisory actions during the fiscal year None of the Independent Commissioners have financial,
ending December 31 2022, as long as these actions are stated in management, ownership and family relationships with other
the Company's Financial Statements for the fiscal year ending members of the Board of Commissioners, Board of Directors
December 31, 2022, insofar that matters are fully and adequately and/or Controlling Shareholders or relationships with CCB
disclosed in the Annual Report and do not violate applicable laws Indonesia, which may affect their ability to act independently.
or constitute fraud.
All members of the Board of Commissioners meet the requirements
Agenda Two as stipulated in Financial Services Authority Regulation No. 33/
Approved the determination of the use of net profit for the financial POJK.04/2014 (formerly Bapepam Regulation IX.I.6), Financial
year ending on December 31, 2022 in the amount of IDR135,959,414,849 Services Authority Regulation No. 27/POJK.03/2016, and Financial
(one hundred thirty-five billion nine hundred fifty-nine million four Services Authority Circular Letter No. 39/SEOJK.03/2016.
hundred fourteen thousand eight hundred forty-nine rupiah) with
details as follows: 2. Board of Directors
I. In the amount of IDR500,000,000 (five hundred million rupiah) 1) President Director : You Wennan
will be used as Mandatory Reserves in accordance with the 2) Director : Zhu Yong
provisions of Article 70 of UUPT. 3) Director : Setiawati Samahita
II. The remaining of IDR135,459,414,849 (one hundred thirty-five 4) Director : Junianto
billion four hundred fifty-nine million four hundred fourteen 5) Director : Chandra Nangkok Tua Siagian
thousand eight hundred forty-nine rupiah) will be used as 6) Compliance Director : Agresius Robajanto Kadiaman
retained earnings with the aim of strengthening the Company's
capital structure. None of the members of the Board of Directors of CCB Indonesia
have financial, management, ownership and family relationships
Agenda Three with other members of the Board of Directors, the Board of
Approved the Granting of Power of Attorney to the Board of Commissioners and/or Controlling Shareholders or relationships
Commissioners to determine the salaries, allowances and bonuses with CCB Indonesia, which may affect their ability to act
for members of Board of Directors for fiscal year 2023. independently.
Agenda Four All members of the Board of Directors meet the requirements
Approved the Granting of Power of Attorney to the Majority as stipulated in Financial Services Authority Regulation No. 33/
Shareholder, taking into account the suggestions and POJK.04/2014 (formerly Bapepam Regulation IX.I.6), Financial
recommendations of the Remuneration and Nomination Committee, Services Authority Regulation No. 27 /POJK.03/2016, and
to determine the salaries, allowances and bonuses for members Financial Services Authority Circular Letter No.39/SEOJK.03/2016.
of Board of Commissioners for fiscal year 2023.
The composition of the Board of Directors and Board of Commissioners
Agenda Five of the Company has been recorded in the administrative supervision
Approved the appointment of Public Accountant Purwantono, of the Financial Services Authority, most recently through Financial
Sungkoro & Surja (a member of Ernst & Young) to audit the Company's Services Authority letter No. S-45/PB.322/2019 dated April 23, 2019,
financial statements for fiscal year 2023. regarding the Composition of the Board of Directors and Commissioners
of the Bank.
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178 Opening Business and Functional Review Financial Review
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Board of Commissioners end of 2023. The composition of the members of the Board of
Commissioners and Directors is as follows:
The composition of the Board of Commissioners and Board of Directors
in 2023 remained unchanged compared to the previous period, which President Commissioner : Sun Jianzheng
was ased on the decision of the Annual General Meeting of Shareholders Commissioner : Qi Jiangong
(RUPS) dated May 14, 2019. The reappointment of the Board of Directors Commissioner (Independent) : Mohamad Hasan
and Board of Commissioners during the AGMS is intended for the term Commissioner (Independent) : Yudo Sutanto
of office commencing from the closing of the AGMS on May 14, 2019,
until the closure of the Company's AGMS for the year 2023, with the In 2023, the Board of Commissioners of the Bank consisted of no
following members of the Board of Commissioners: fewer than 3 (three) members and did not exceed the number of
members of the Board of Directors.
President Commissioner : Sun Jianzheng
Commissioner : Qi Jiangong Composition of the members of the Board of
Commissioner (Independent) : Mohamad Hasan Commissioners.
Commissioner (Independent) : Yudo Sutanto
In 2023, the members of the Board of Commissioners consist of
In 2023, there were no appointments, terminations, and/or Independent Commissioners and Non-Independent Commissioners,
replacements of members of the Board of Commissioners, thus with a composition of 50% of the Board of Commissioners being
the composition as of early 2023 remained the same until the Independent Commissioners.
The number of
Period Members of the Board of %
Independent Commissioner
Commissioners
January 2023 to December 2023 4 2 50%
Reappointed
No Name Position Approval Letter OJK Approval
through GMS
1 Sun Jianzheng President OJK Letter No. KEP-11/D.03/2019 dated January 17, 22 Jan 2019 14 May 2019
Commissioner 2019
2 Qi Jiangong Commissioner OJK Letter No. KEP-94/D.03/2017 dated June 05, 2017 6 Jun 2017 14 May 2019
3 Mohamad Hasan Independent BI Letter No.12/72/GBI/DPIP/ Secret dated June 07, 7 Jun 2010 14 May 2019
Commissioner 2010
4 Yudo Sutanto Independent OJK Letter No. KEP-63/D.03/2016 dated October 27, 27 Oct 2016 14 May 2019
Commissioner 2016
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Corporate Governance
Sun Jianzheng Qi Jiangong
President Commissioner Commissioner
Chinese citizen, born in Hebei, China in 1963. Obtained a Bachelor's Chinese citizen, born in Shanxi, China on June 11, 1970. Obtained
degree in Law from Peking University, China in 1986 and a Master's a Bachelor's degree in Economics from Renmin University of China
degree in Law from Peking University, China in 1988, and a Doctoral in 1992 and a Master's degree from the University of International
degree in National Economics from Peking University, China in Business and Economics, majoring in International Accounting
2003. Management graduated in 1997.
He serves as President Commissioner of the Company since Appointed as Commissioner through the GMS on October 14, 2016,
January 25, 2019. He started his career at China investment effective serving from June 6, 2017 until now.
Consulting Corporation from August 1988 to May 1990. Subsequently
he joined China Construction Bank Corporation in May 1990 until He started his career at China Construction Bank Corporation in
now, holding various key and strategic positions, including Deputy July 1997 as a Business Manager responsible for asset/liability
General Manager of Institutional Reform Executive Office, Deputy management. From October 2000 to March 2001, he held various
General Manager of Asset & Liability Management Department, strategic positions in China Construction Bank Corporation. From
Deputy General Manager of International Business Department March 2001 to July 2008, he was appointed as Chief Manager and
(equivalent to GM level at Head Office) and the latest position as Deputy Chief Manager in charge of Financial Market Department.
General Manager of Strategic Investment and Management From March 2008 to August 2, 2022, he was appointed Deputy
Department, responsible for domestic and foreign equity General Manager and Chief Manager of the Strategic Investment
investment, shareholding management of subsidiaries and rural and Management Department, responsible for the Bank's strategic
banks, strategic cooperation management with strategic investors, investments.
since June 2015 until now.
On May 10, 2021, he was appointed as Chairman, Non-Executive
From October 2008 to August 2015, he held concurrent positions Director of BlackRock CCB Wealth Management Limited until now.
at China Construction Bank (London) Limited as Non-Executive
Director, in addition to his main position at China Construction From August 2, 2022 to present, he was appointed as General
Bank Corporation, Head Office. Manager of Financial Institutional Business Department of China
Construction Bank Corporation responsible for the management
He serves the position of President Commissioner of the Company of the financial institution business.
effectively on January 25, 2019, in addition to his main position as
General Manager of Strategic Investment and Management As a Non-Independent Commissioner, he performs the functional
Department of China Construction Bank Corporation. duties of China Construction Bank Corporation (the shareholder
of the Bank which is a legal entity).
As a Non-Independent (President) Commissioner, he carries out
the functional duties of China Construction Bank Corporation Training attended in 2023: Online Training "Risk Management
(shareholder of the Bank as a legal entity). Refreshment - Level 6 Commissioner" by IBI-BCC on December 4,
2023 in Jakarta.
Training attended in 2023: Online Training "Risk Management
Refreshment - Commissioner Level (Foreign)" by RDS Consulting As member of the Board of Commissioners, he meets the requirements
on August 2, 2023 in Jakarta. as stipulated in the Financial Services Authority Regulation No. 33/
POJK.04/2014 (formerly Bapepam Regulation IX.I.6), No. 27/
As member of the Board of Commissioners, he fulfills the POJK.03/2016, Circular Letter of the Financial Services Authority
requirements as stipulated in the Financial Services Authority No.39/SEOJK.03/2016 and has obtained approval from the Financial
Regulation Number 33/POJK.04/2014 (formerly Bapepam Services Authority No. KEP-93/D.03/2017 dated June 5, 2017.
Regulation IX.I.6), Number 27/POJK.03/2016, Circular Letter of
the Financial Services Authority No.39/SEOJK.03/2016 and has Special Assignment:
obtained approval from the Financial Services Authority No. Member of Remuneration and Nomination Committee since
KEP-11/D.03/2019 dated January 17, 2019. September 27, 2017 until now.
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180 Opening Business and Functional Review Financial Review
Corporate Governance
Mohamad Hasan Training "Refreshment of Risk Management Level Commissioner"
Independent Commissioner by Asta Consulting on May 31, 2023 in Jakarta.
Indonesian citizen, born in Palembang in 1944. He earned a Bachelor As member of the Board of Commissioners, he meets the requirements
of Law degree in 1972 from Sriwijaya University, Palembang. as stipulated in Financial Services Authority Regulation No. 33/
POJK.04/2014 (formerly Bapepam Regulation IX.I.6), No. 27/
Appointed as Independent Commissioner since June 24, 2010, and POJK.03/2016, Financial Services Authority Circular Letter No. 39/
continued after the merger between Bank Windu and Bank Anda SEOJK.03/2016, and has obtained approval from the Financial
on November 30, 2016, as approved by the Financial Services Services Authority No. KEP-63/D.03/2016 dated October 27, 2016.
Authority No. SR-104/PB.12/2016.
Special Assignments:
He began his career at Citibank Jakarta from May 1974 to April Chairman of the Risk Monitoring Committee since February 21,
1977. He then worked at PT Multinational Finance Corporation (PT 2017.
Multicor) starting in May 1977. From August 1985 to October 1991,
he served as Executive Director, followed by the period from In 2023, the number, composition, criteria, and independence of
November 1991 to January 2003, when he was appointed President the Board of Commissioners members have complied with the
Director. Subsequently, at PT Bank Multicor, he served as an Financial Services Authority regulations governing the implementation
Independent Commissioner from June 2003 to June 2008. From of Governance Principles for Commercial Banks and Public Listed
October 2008 to 2009, he served as commissioner in several national Companies.
private companies in Jakarta. In May 2010, he has been reappointed
as Independent Commissioner in the Company. a. Duties and Responsibilities of the Board of
Commissioners
Training "Refreshment of Risk Management Level Commissioner" by 1. The Board of Commissioners shall conduct supervision of
Asta Consulting on May 31, 2023 in Jakarta. the implementation of the Board of Directors' tasks and
responsibilities, as well as provide advice to the Board of
As member of the Board of Commissioners, he meets the requirements Directors. In carrying out these tasks, several rules need to
as stipulated in Financial Services Authority Regulation No. 33/ be taken into account, namely:
POJK.04/2014 (formerly Bapepam Regulation IX.I.6), No. 27/ a. The Board of Commissioners is prohibited from being
POJK.03/2016, Financial Services Authority Circular Letter No. 39/ involved in the decision-making process of the Bank's
SEOJK.03/2016, and has obtained approval from the Financial Services operational activities, except:
Authority No. KEP-101/D.03/2016 dated November 30, 2016. • Provision of funds to Related Parties and/or other
transactions involving related parties as regulated
Special Assignments: in Bank Indonesia Regulation on Maximum Limits
Chairman of the Remuneration and Nomination Committee since for Commercial Bank Credit Provision,
October 22, 2010, to date. • Other matters stipulated in the Bank's Articles of
Chairman of the Audit Committee since March 14, 2017, to date. Association or applicable regulations.
b. The Board of Commissioners shall direct, monitor,
Yudo Sutanto and evaluate the implementation of the Bank's
Independent Commissioner strategic policies, including evaluating the Bank's
Business Plan.
Indonesian citizen, born in Malang, East Java in 1954. He obtained c. The Board of Commissioners shall review, correct, and
a Bachelor of Finance degree in 1981 from California State University, approve the Bank's Annual Report.
Los Angeles, United States. 2. The Board of Commissioners shall ensure the implementation
of Good Corporate Governance in all Bank business activities
Appointed as Independent Commissioner on November 2, 2016, at all levels of the organization. In performing this function,
in accordance with the approval of the Financial Services Authority several rules need to be taken into account, namely:
No. SR-173/PB.121/2016. a. The Board of Commissioners shall notify the Financial
Services Authority at least 7 (seven) working days from
He began his career at PT Bank Antardaerah in 1982 in various important the discovery of:
positions. In 1990, he was appointed as President Director, and in 1999 • Violations of financial and banking regulations,
as Chairman of the Audit Committee of PT Bank Antardaerah. Since • Circumstances or estimated circumstances that
March 1999, he has served as a member of the Board of Commissioners. may endanger the Bank's business continuity.
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Corporate Governance Corporate Information Financial Statement Annual Report 181
Corporate Governance
b. The Board of Commissioners shall ensure that the Board responsibilities periodically and provided advice and
of Directors has followed up on audit findings and recommendations to the Board of Directors.
recommendations from the Bank's Internal Audit Function
and Public Accountants, as well as the results of Bank b. Board of Commissioners Meetings
Indonesia's supervision and/or supervision from other The Board of Commissioners has already have the guidelines
authorities. for conducting Board of Commissioners meetings, based on
c. The Board of Commissioners has the right to appoint the Financial Services Authority Regulation No. 33/POJK.04/2014
Public Accountant considering the recommendations dated December 8, 2014 concerning Directors and Board of
of the Audit Committee. Commissioners of Issuers or Public Companies, the Financial
3. The Board of Commissioners establishes Committees under Services Authority Regulation No. 17 of 2023 concerning the
it to support the effectiveness of its tasks and responsibilities, Implementation of Governance for Commercial Banks, and the
consisting of at least: Board of Commissioners' Working Procedures Guidelines, which
a. Audit Committee, include provisions on the Assessment and Evaluation of the
b. Risk Monitoring Committee, and Board of Commissioners' Performance.
c. Remuneration and Nomination Committee.
4. Members of the Committees under the Board of Commissioners The Board of Commissioners meetings during 2023 has been
are appointed by Board of Directors' Decree accompanied conducted well, as evidenced by the documentation of the
by confirmation by the Board of Commissioners. meeting proceedings that have been carried out.
5. The Board of Commissioners shall ensure that the established
Committees perform their tasks effectively. The Board of Commissioners' decision-making are based on
6. The Board of Commissioners coordinates with the Board the principle of consensus. The results of the Board of
of Directors in fostering, ensuring, and supervising the Commissioners meetings have been recorded in minutes
Bank's compliance with internal and external regulations. of meeting and well-documented, and distributed to all
7. Members of the Board of Commissioners are prohibited from members of the Board of Commissioners and relevant parties.
granting general authority to others that may result in the The results of the meetings are recommendations and/or
delegation of the Commissioners' duties and responsibilities. advice to the Board of Directors on the Bank's business
8. The Board of Commissioners may grant specific authority activities.
to 2 (two) members of the Board of Commissioners to take
routine and non-strategic actions. Such actions shall be During 2023, the Board of Commissioners held 6 (six) Board
reported at the next Board of Commissioners meeting. of Commissioners meetings, 5 (five) of which were attended
by all members of the Board of Commissioners. Some of the
The Board of Commissioners has carried out its supervisory function Board of Commissioners meetings were conducted via
over the implementation of the Board of Directors' duties and teleconference.
Sun Qi Mohamad Yudo
No Date Agenda
Jianzheng Jiangong Hasan Sutanto
1. Jan 30, 2023 Approve Plan and Budget of Internal Audit Assurance and Consulting TC TC √ TC
Activities for the Year 2023
2. Mar 7, 2023 Approve the public accounting firm Paul Hadiwinata, Hidayat, Arsono, - TC √ TC
Retno, Palilingan & Partners (PKF Indonesia) to carry out review of the
Internal Audit Division of PT Bank China Construction Bank Indonesia Tbk
for period 2020-2023
3. Apr 11, 2023 Recommendation of external auditor for financial audit fiscal year 2023. √ √ √ √
4. May 16, 2023 Approve of 2022 total bonus amount (exclude foreign directors) and TC TC √ TC
BOD bonus amount (exclude foreign directors)
5. Jun 12, 2023 Approve Revised CCBI Bank Business Plan (BBP) for the year 2023-2025 TC TC √ TC
6. Nov 17, 2023 Approve Bank Business Plan (BBP) for the year 2024 - 2026 TC TC √ √
√ : Present at the meeting, - : Not present at the meeting, TC : Via teleconference
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182 Opening Business and Functional Review Financial Review
Corporate Governance
Thus, the number of meetings held, as well as the number of meetings attended physically by all members of the Board of Commissioners
have complied with the Financial Services Authority regulations governing Directors and Board of Commissioners of Issuers or Public
Companies, and the Financial Services Authority regulations governing the implementation of Governance in Commercial Banks.
c. Recommendations of the Board of Commissioners
As a follow-up to the oversight of CCB Indonesia's performance during 2023, the Board of Commissioners, considering the
recommendations of the Audit Committee, Remuneration and Nomination Committee, and Risk Monitoring Committee, conveyed
recommendations that should be followed up by the Board of Directors.
d. Training attended by members of the Board of Commissioners
Members of the Board of Commissioners have the commitment and ability to engage in continuous learning to enhance their
knowledge of banking and current developments in financial/other areas that support the performance of their duties and responsibilities.
The training attended by the Commissioners in 2023 are as follows:
Name Training Date Organizer/Venue
Mohamad Hasan Risk Management Refreshment Certificate for Commissioners Level 31 May 2023 ASTA Consultant/Jakarta
Yudo Sutanto Risk Management Refreshment Certificate for Commissioners Level 31 May 2023 ASTA Consultant/Jakarta
Sun Jianzheng Risk Management Refreshment Certificate Training for Foreign 2 August 2023 PT Raharja Duta
Commissioners Level Solusindo
Qi Jiangong Risk Management Refreshment Certificate Training Level 6 for Commissioners 4 December 2023 PT Raharja Duta Solusindo
e. The effectiveness and efficiency of supervision conducted by the Commissioners
Periodically, the Board of Commissioners oversees the Board of Directors and the Committees under the Board of Commissioners,
among other things, through meetings between the Board of Commissioners and the Board of Directors or between the Board of
Commissioners and the Committees.
f. Meetings of the Board of Commissioners with the Board of Directors
Throughout 2023, the Board of Commissioners convened with the Board of Directors 3 (three) times.
No Date Agenda Attended by
1 11 Apr 2023 1. Oversee implementation of BBP as of March 2023 Sun Jianzheng
2. Any other business. Qi Jiangong
Mohamad Hasan
Yudo Sutanto
You Wennan
Zhu Yong
Setiawati Samahita
Junianto
Chandra Siagian
Agresius R. Kadiaman
2 12 Jun 2023 Discussion on Revised CCBI Bank Business Plan (BBP) 2023 – 2025 Sun Jianzheng
Qi Jiangong
Mohamad Hasan
Yudo Sutanto
You Wennan
Zhu Yong
Setiawati Samahita
Junianto
Chandra Siagian
Agresius R. Kadiaman
3 17 Nov 2023 Discuss Bank Business Plan (BBP) for the year 2024 – 2026 Sun Jianzheng
Qi Jiangong
Mohamad Hasan
Yudo Sutanto
You Wennan
Zhu Yong
Junianto
Chandra Siagian
Agresius R. Kadiaman
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Corporate Governance
The monitoring conducted by the Board of Commissioners 9. Monitoring the implementation of Good Corporate
over the Board of Directors and the Committees under the Governance including but not limited to monitoring
Board of Commissioners during 2023 has been effective and Governance Structure, Governance Process, Governance
efficient. Outcome; Self-assessment of Good Corporate Governance
implementation; Provision of funds to related parties and
g. Mechanisms of supervision by the Commissioners significant fund provision; Implementation of Compliance
over the Directors and Committees under the Functions; and the implementation of Anti-Money Laundering
Commissioners Programs, Terrorism Financing Prevention, and Prevention
The Board of Commissioners consistently supports efforts to of Proliferation Financing of Weapons of Mass Destruction.
enhance governance implementation at CCB Indonesia. Primary 10. Actively monitoring the Compliance Function, by evaluating
attention is given to improving the three aspects of governance: the implementation of the Bank's Compliance Function
Governance Structure, Governance Process, and Governance through Quarterly Reports on the Implementation of Duties
Outcome, followed by addressing the findings of the Financial by Directors responsible for the Compliance Function.
Services Authority (OJK), achieving targets as per the business Subsequently, the Board of Commissioners provides
plan while considering risk management, internal supervision, suggestions for improving the quality of the Bank's Compliance
and compliance. Through its committees, the Board of Function implementation.
Commissioners has provided recommendations and input on
various aspects of the Company's business and supporting The integrity, competence, and financial reputation of all members
functions. of the Board of Commissioners are considered adequate. Regarding
risk management certification requirements, all members of the
The mechanisms and focus of supervision conducted in 2023 Board of Commissioners have fulfilled them. Members of the Bank's
include: Board of Commissioners have clearly disclosed their share ownership,
1. Analyzing, providing input, and jointly approving the Bank's financial relationships and those of their families, as well as
Business Plan (RBB). The Board of Commissioners also monitors, remuneration and other benefits received, and have never violated
analyzes, and provides guidance/input for the Company's any applicable provisions/regulations.
future strategic plans.
2. Overseeing the implementation of the Bank's Business Plan, Members of the Board of Commissioners do not exploit the Bank
and regularly reporting the results to the Financial Services for personal, family, and/or other parties' interests that may harm
Authority. or reduce the Bank's profit.
3. Reviewing the financial performance of CCB Indonesia
through the Audit Committee and Risk Monitoring Committee. Independent Commissioners do not have financial, managerial,
4. Assessing risk management through discussions on risk ownership, or family relationships with other members of the Board
profiles covering credit risk; market risk; liquidity risk; operational of Commissioners, the Board of Directors, and/or Controlling
risk; legal risk; reputational risk; strategic risk; and compliance Shareholders, or relationships with CCB Indonesia, which could
risk. affect their ability to act independently.
5. Reviewing and discussing the annual work plan of External
and Internal Audits, competence enhancement, and findings Board of Commissioners has carried out its duties and responsibilities
during the year. The Board of Commissioners also monitors in decision-making independently. All members of the Board of
improvements in the findings of external audit inspections, Commissioners do not have family relationships up to the second
including those of the Financial Services Authority and Public degree with fellow members of the Board of Commissioners and/
Accounting FIrm. or the Board of Directors. The replacement and/or appointment of
6. Proposing the appointment of a Public Accounting Firm to each candidate member of the Board of Commissioners and
audit the Company's financial statements, at least for the Directors have taken into account the recommendations of the
audit of the annual historical financial information. Remuneration and Nomination Committee.
7. Through the Remuneration and Nomination Committee,
the Board of Commissioners monitors HR strategies and Board of Commissioners understands its obligation to report to
policies, including education and training programs and the Financial Services Authority in the event of violations that could
their implementation. The Remuneration and Nomination endanger the Bank's operations.
Committee provides recommendations to the Board of
Commissioners on HR policy proposals. However, in 2023, there were no:
8. Receiving reports from the three committees at the Board • Violations of financial and banking regulations; and circumstances
of Commissioners level, which are then discussed in Board or estimated circumstances that could endanger the Bank's continuity,
of Commissioners meetings. Inputs and recommendations • Reporting on violations of financial and banking regulations;
deemed necessary will be conveyed by the Board of and circumstances or estimated circumstances that could
Commissioners to the Board of Directors. endanger the Bank's continuity.
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184 Opening Business and Functional Review Financial Review
Corporate Governance
Board of Commissioners is not involved in the operational decision- The composition of committee members is in line with the size
making of the Bank, except in providing funds to related parties. and complexity of CCB Indonesia's business. The performance of
The Board of Commissioners also plays a role in directing the the committees assisting the Board of Commissioners has been
preparation of the Bank's Business Plan, overseeing the implementation running as expected.
of the Bank's Business Plan, as well as monitoring and evaluating
the implementation of the bank's strategic policies. The Board of Commissioners has 3 (three) committees to assist
them in carrying out their duties and responsibilities, namely:
The Company’s policy on the evaluation of the 1. Audit Committee
Board of Commissioners' performance and its 2. Risk Monitoring Committee
implementation 3. Remuneration and Nomination Committee
• Procedure for assessing the performance of the Board of In 2023, committee meetings were held regularly and ran quite
Commissioners: effectively as needed by CCB Indonesia:
1. The performance of the Board of Commissioners will be 1. The Audit Committee held 12 (twelve) meetings, all of which
evaluated based on specific criteria recommended by the were attended by more than 51% (fifty-one percent) of the
Remuneration and Nomination Committee. total members of the Audit Committee, including Independent
2. The results of the assessment of the Board of Commissioners' Commissioners and Independent Parties.
performance are disclosed in the Annual Report and 2. The Risk Monitoring Committee held 6 (six) meetings, all of
presented at the Annual General Meeting of Shareholders. which were attended by more than 51% (fifty-one percent)
of the total members of the Risk Monitoring Committee,
• Criteria used including Independent Commissioners and Independent
1. Achievement of the Board of Commissioners' meeting Parties.
implementation, 3. The Remuneration and Nomination Committee held 3 (three)
2. Attendance of Board of Commissioners members, meetings, all of which were attended by more than 51% (fifty-
3. Administrative order, one percent) of the total members of the Remuneration and
4. Integrity and transparency of the Board of Commissioners members, Nomination Committee, including an Independent Commissioner
5. Participation and contribution in the Bank's supervisory function. and an Executive Officer responsible for human resources or
employee representatives.
• Assessor
The Board of Commissioners conducts a self-assessment of the The decisions of the Committee meetings are made based on
Board of Commissioners' performance during 2023. consensus and/or majority vote. The outcomes of the Committee
meetings have been recorded in meeting minutes and well-
Subsequently, the Board of Commissioners and the Board of Directors documented. The results of the Committee meetings are always
will be held accountable for their performance achievements in 2023, sought to be considered and recommended to the Board of
including the implementation of the duties and responsibilities of the Commissioners for decision-making.
Board of Commissioners and the Board of Directors at the Annual
General Meeting of Shareholders to be held in 2023. Audit Committee
Supporting Committees of the Board of The Audit Committee is chaired by an Independent
Commissioner, and all members of the Committee are
Commissioners Independent Parties.
Pursuant to the Financial Services Authority Regulation No. 17 of 2023
and Financial Services Authority Circular Letter No. 13/SEOJK.03/2017 Structure and membership of the Audit Committee
dated March 17, 2017 concerning the Implementation of Governance • As per the latest changes in the membership of the Audit
for Commercial Banks, Financial Services Authority Regulation No. 55/ Committee, as stipulated in Board of Directors Decree No. 023/
POJK.04/2015 dated December 23, 2015 concerning the Establishment SK-DIR/KP-JKT/V/2021 dated May 4, 2021, the composition of
and Guidelines for the Operation of the Audit Committee, and Financial the Audit Committee until May 3, 2023, is as follows:
Services Authority Regulation No. 34/POJK.04/2014 dated December 8,
2014 concerning the Nomination and Remuneration Committee of Chairman:
Issuers or Public Companies, CCB Indonesia has established supporting Mohamad Hasan (Independent Commissioner)
committees for the Board of Commissioners, namely the Audit Committee,
Risk Monitoring Committee, and Remuneration and Nomination Committee. Members:
These committees are responsible to the Board of Commissioners in 1. Mulyadi (Independent Party)
assisting the implementation of their duties and responsibilities, in 2. Mohamad Hassan (Independent Party)
accordance with the Working Guidelines prepared for each Committee.
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Corporate Governance Corporate Information Financial Statement Annual Report 185
Corporate Governance
Expertise Mohamad Hassan
Member of the Audit Committee/Independent Party
Mohamad Hasan
Chairman of the Audit Committee/Independent Commissioner Indonesian citizen born in Jakarta in 1960.
Indonesian citizen born in Palembang in 1944. Serving as a Member of the Audit Committee since May 4, 2021.
Serving as Chairman of the Audit Committee since March 14, 2017. Obtained a Diploma IV in Accounting from STAN in 1991 and a
Master of Accountancy & Financial Information Systems (MAFIS)
Obtained a Bachelor of Law degree in 1972 from Sriwijaya University, majoring in internal audit from Cleveland State University, Ohio,
Palembang. United States, in 1993.
Appointed as Independent Commissioner on June 24, 2010, and Started his career as an Auditor at the Financial and Development
continued to serve following the merger between Bank Windu and Supervisory Agency (BPKP), Jakarta (1983 - 1987). Since 2008 until now,
Bank Anda on November 30, 2016, as per the approval from the also serves as an Audit Committee in several companies. Since July 2022,
Financial Services Authority No. SR-104/PB.12/2016. became an Independent Commissioner at PT Inti Bangun Sejahtera,
Tbk. From April 2018 to May 2022, served as Academic Director at the
Started his career at Citibank Jakarta from May 1974 to April Internal Audit Development Center YPIA and since June 2022 became
1977. Then pursued a career at PT Multinational Finance Chief Risk Management & Quality Assurance Executive at YPIA.
Corporation (PT Multicor) starting May 1977. From August 1985
to October 1991, served as Executive Director, then from November Obtained Qualified Internal Auditor (QIA) in 2000, Certified Risk
1991 to January 2003 as President Director. Later, at PT Bank Management Professional (CRMP) in 2010, Certification in Risk Management
Multicor, served as an Independent Commissioner from June Assurance (CRMA) in 2013, Chartered Accountant (CA) in 2014, Certification
2003 to June 2008. From October 2008 to 2009, served as a in Audit Committee Practices (CACP) in 2016, Certified Professional
Commissioner in several national private companies in Jakarta. Management Accountant (CPMA) in 2018 Qualified Government Internal
And since May 2010, reappointed as an Independent Commissioner Auditor (QGIA) in 2020, Qualified Healthcare Internal Auditor (QHIA) in
in the Company. 2021, and Indonesia Internal Auditor Practitioner (IIAP) in 2022.
Serving as Chairman of the Audit Committee since March 14, 2017. • According to the latest changes in the membership of the
Audit Committee as stipulated in the Board of Directors Decree
Mulyadi No. 039/SK-DIR/KP-JKT/V/2023 dated May 4, 2023, the composition
Member of the Audit Committee/Independent Party of the Audit Committee is as follows:
Indonesian citizen born in Wonogiri in 1947. Chairman:
Mohamad Hasan (Independent Commissioner)
Serving as member of the Audit Committee since March 26, 2013.
Member:
Earned a Master of Science in Management and Administrative Mohamad Hassan (Independent Party)
Science from the University of Texas at Dallas, USA in 1983.
Previously obtained a Bachelor of Economics in Accounting from • With regard to the expiration of the term of office of Mr. Mulyadi
the Faculty of Economics and Business, Gadjah Mada University on May 4, 2023 as a member of the Audit Committee of PT Bank
in 1971. China Construction Bank Indonesia Tbk as stated in the Board of
Directors Decree No. 039/SK-DIR/KP-JKT/V/2023 and since the
A Postgraduate Lecturer at Gadjah Mada University since 1995 appointment of a new member of the Audit Committee has not
until now, he is also the Partner at the Public Accounting Firm been conducted, the composition of the Audit Committee in 2023
S. Mannan, Ardiansyah and Partners. He serves as member of has not met the provisions of Governance Implementation as
the Audit Committee in several companies. Obtained Certified regulated in POJK No. 55 /POJK.04/2015 concerning the Formation
Public Accountant (CPA) in 2010, Qualified Internal Auditor (QIA) and Guidelines for the Implementation of the Audit Committee
in 2008, and Certification in Audit Committee Professional (CACP) ("Audit Committee POJK") and Corporate Governance of OJK
in 2017. Regulation.
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186 Opening Business and Functional Review Financial Review
Corporate Governance
However, Audit Committee remains fully functional, and the 3. Providing recommendations regarding the appointment of
mechanism for carrying out the tasks of the Audit Committee public accountants and public accounting firms to the Board
continues to operate normally. The Chairman of the Audit Committee of Commissioners for recommendation to the General Meeting
is committed to ensuring the smooth operation of the Audit of Shareholders.
Committee and ensuring that the supervision and evaluation of 4. Reviewing the financial information to be published by the
accounting practices, internal controls, and bank financial reporting Bank to the public and/or regulatory authorities, including
continue to be carried out in accordance with the Audit Committee financial statements, projected financial statements, and other
Work Plan for 2023. reports related to the Bank's financial information.
5. Reviewing complaints related to the Bank's accounting processes
Independence and financial reporting.
All members of the Audit Committee are not members of the Board 6. Reviewing the Bank's compliance with laws and regulations
of Directors of CCB Indonesia or any other bank. related to its activities.
7. Providing independent opinions in the event of differences of
There are Audit Committee members from independent parties opinion between management and public accountants regarding
who hold concurrent positions as Independent Party members of the services provided.
other committees in the same bank, other banks, and/or other 8. Providing recommendations to the Board of Commissioners
companies, namely: regarding the appointment of Public Accountants based on
independence, engagement scope, and fees.
Mulyadi 9. Reviewing the implementation of examinations by internal
(served as a member of the CCB Indonesia Audit Committee until auditors and supervising the implementation of follow-up
May 3, 2023) actions by the Board of Directors on internal auditor findings.
10. Reviewing and providing advice to the Board of Commissioners
Serving as member of the Audit Committee in several other regarding potential conflicts of interest in the Bank.
companies. 11. Maintaining the confidentiality of documents, data, and
information obtained by the Bank in carrying out its role.
Mohamad Hassan
Serving as member of the Audit Committee (since May 4, 2023) Term of Office of the Member of the Audit Committee
and the Risk Monitoring Committee in the same bank. The Audit Committee is appointed and directly accountable to the
Board of Commissioners.
These concurrent positions have taken into account competence,
independence criteria, confidentiality, code of ethics, and the The term of office for Audit Committee members may not exceed
execution of duties and responsibilities. the term of office for the Board of Commissioners and they may
only be re-elected for one (1) subsequent term.
All independent parties who are members of the Audit Committee
do not have financial, managerial, share ownership, and/or family The membership, composition, and independence of the Audit
relationships with the Board of Commissioners, Board of Directors, Committee members mentioned above have complied with the
and/or Controlling Shareholders of the Bank. Financial Services Authority regulations. The membership consists
of one Independent Commissioner as the Chairman of the Committee
Duties and Responsibilities and 2 (two) Independent Parties with expertise in finance or
The Audit Committee is tasked with aiding the Board of Commissioners accounting and in law or banking, as members.
in enhancing the efficiency of fulfilling its duties and obligations, including:
1. Overseeing and assessing the planning and execution of internal Mechanism of Supervision of the Audit Committee over
audits, as well as supervising the tracking of internal audit discoveries the Company
to guarantee the appropriateness and efficacy of operational In order to be able to provide recommendations to the Board of
internal controls, encompassing those related to financial reporting. Commissioners, the Audit Committee monitors and evaluates the
2. Monitoring and conducting evaluaton, at least, on: planning and implementation of audits as well as the follow-up
▪ The performance of the Internal Audit Unit. on audit results to assess the adequacy of internal controls, including
▪ The adequacy of the audit conducted by public accounting the adequacy of financial reporting processes.
firms in accordance with audit standards.
▪ The conformity of financial statements with financial The monitoring mechanism entails reviewing reports from the
accounting standards. Internal Audit Division, Public Accounting Firms, and the Financial
▪ The follow-up actions by the Board of Directors on the findings Services Authority's Supervision Results during Audit Committee
of the Internal Audit Division, public accountants, and supervisory meetings. If needed, relevant divisions or units could also be invited
findings of the Financial Services Authority in order to provide to these committee meetings as information sources to directly
recommendations to the Board of Commissioners. gather facts.
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Corporate Governance Corporate Information Financial Statement Annual Report 187
Corporate Governance
The supervision is conducted through monitoring and evaluation of: The Intensity of Reporting from the Audit Committee to
- The performance of the Internal Audit Division the Board of Commissioners
- The provision of services by Public Accounting Firms, including The Audit Committee periodically presents reports on its duties to
the adequacy of audit implementation by Public Accounting the Board of Commissioners through meetings between the Audit
Firms in accordance with applicable audit standards Committee and the Board of Commissioners. Subsequently, the
- The compliance of financial statements with applicable Audit Committee provides recommendations to the Board of
accounting standards Commissioners.
- The implementation of follow-up actions by the Board of Directors
on findings from the Internal Audit Division, public accountants, Audit Committee Meetings
and the Financial Services Authority's supervision results. During the year 2023, the Audit Committee held a total of 12
- The annual audit plan by the Internal Audit Division for the year (twelve) meetings and provided proposals to the Board of
2023. Commissioners. The meetings conducted were as follows:
Mohamad Mohamad
No Date Meeting Agenda Mulyadi
Hasan Hassan
1 16 Jan 2023 1. Audit Committee Meeting with KAP PKF for Implementation of CCBI √ √ √
Bank IAU Audit
2. Progress of the audit of the 2022 CCBI Financial Report by KAP EY.
2 20 Jan 2023 Discussing IAU Audit Results Semester II 2022 √ √ √
3 14 Apr 2023 Discussing audit IAU Audit Results Q1 2023 √ √ √
4 26 Apr 2023 Review of the Q1 2023 financial report reported by the Finance Division to √ √ √
the OJK
No Date Meeting Agenda Mohamad Hasan Mohamad Hassan
5 15 May 2023 Kick Off Meeting of the Audit Committee & KAP PKF √ √
6 19 Jun 2023 Progress of implementing the IAU audit by KAP PKF √ √
7 17 Jul 2023 Exit Meeting of the Audit Committee & KAP PKF √ √
8 20 Jul 2023 Report of the Implementation and the Key Audit Findings of IAU for √ √
semester 1 period
9 14 Aug 2023 Kick Off Meeting Audit Committee & KAP EY √ √
10 20 Sep 2023 1. Follow up on KAP PKF findings; √ √
2. SKAI Audit Findings that are still outstanding;
3. Q3 Audit Results;
4. Progress & Update SKAI work plan for 2023.
11 29 Nov 2023 1. Fraud cases and Cybercrime; √ √
2. Internal control assessment & effectiveness.
12 14 Dec 2023 IAU Work Plan for 2024 √ √
Information :
√ : Present at the meeting, - : Not present at the meeting, TC : Via teleconference
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188 Opening Business and Functional Review Financial Review
Corporate Governance
Audit Committee Recommendations
No Date Memo Number Subject
1 16 Jan 2023 001/MI/KA/I/2023 Explanation of the Legislative Regulations Underlying the Audit Committee in Formulating
Items in the Audit Committee Charter Relating to the Authority of the Audit Committee in
Carrying Out the Duties of the Compliance Director in Implementing Compliance with Processes,
SOPs and Other Operational Compliance.
2 26 Jan 2023 002/MI/KA/I/2023 Audit Committee's Recommendation for Approving the Review of the Internal Audit Function
of PT Bank China Construction Bank Indonesia, Tbk. for the Period 2020-2023 and Selecting the
KAP for the Review of the Internal Audit Division for the Period 2020-2023.
3 27 Feb 2023 003/MI/KA/II/2023 Competency Test Results of Mr. Sheffik Arzie
(Candidate for Head of IAU)
4 21 Mar 2023 006/MI/KA/III/2023 Audit Committee Recommendations regarding the Appointment of a Public Accounting Firm to audit
the Financial Report of PT Bank China Construction Bank Indonesia, Tbk for the 2023 Financial Year.
5 18 Dec 2023 007/MI/KA/XII/2023 Audit Committee Recommendations for RKAT IAU 2024
By the conclusion of 2023, the Audit Committee's performance Risk Monitoring Committee
has been judged as satisfactory. The Audit Committee has fulfilled
its duties and responsibilities, executed work programs, and Risk Monitoring Committee is chaired by an Independent
provided recommendations to the Board of Commissioners in Commissioner, and all members of the Committee are Independent
accordance with applicable regulations. Parties.
Audit Committee has been involved in various stages of the audit Structure and Membership
of the Company's financial statements by the Public Accountant • In accordance with the latest changes in the membership of the
Firm (KAP), namely: Risk Monitoring Committee as stipulated in Board of Directors
Decree No. 050/SK-DIR/KP-JKT/IX/2021 dated September 1, 2021,
• The Audit Committee provided recommendations for the appointment the composition of the Risk Monitoring Committee is as follows:
of Public Accountants and the Public Accountant Office to the
General Meeting of Shareholders through the Board of Commissioners. Chairman:
The recommendations were communicated through Internal Memo Yudo Sutanto (Independent Commissioner)
No. 006/MI/KA/III/2023 dated March 21, 2023.
Expertise:
• The Audit Committee evaluated the Implementation of Audit 1. Mohamad Hassan (Pihak Independen)
Services for the Company's historical financial information for 2. Mohammad Sumarsono (Pihak Independen)
the fiscal year 2022 by the Public Accountant Office (KAP)
Purwantono, Sungkoro, Surja. The evaluation results were Expertise
reported to the Financial Services Authority (OJK) through letter
No. 125/CCBI/DDIR-OJK/V/2023 dated May 26, 2023. Yudo Sutanto
Chairman of Risk Monitoring Committee/Independent Commissioner
Work Programs and Their Realization
The Audit Committee has developed a Work Plan and Activity Indonesian citizen, born in Malang in 1954.
Schedule for the year 2023.
He serves as Chairman of the Risk Monitoring Committee since
The planned work and activities were implemented in 2023. February 21, 2017.
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He earned his Bachelor of Finance degree in 1981 at California State Obtained his Master of Management degree in 1998 at the IPWI
University, Los Angeles, United States. College of Economics, Jakarta.
Serving as Independent Commissioner since November 2, 2016 in In the banking sector, he started his career at PT Bank Bumi Daya,
accordance with the approval of the Financial Services Authority Persero from 1985 - 1999 (before the appointment, he received
No. SR-173/PB.121/2016. an Accounting Education for 18 months at the Management
Institute of the Faculty of Economics, University of Indonesia,
Started his career at PT Bank Antardaerah since 1982 in various Jakarta) several assignments that have been given include
important positions. In 1986 was appointed as President Director, overseeing the funds, credit, accounting and internal control
and in 1999 as Chairman of the Audit Board of PT Bank Antardaerah, sections, and in 1999 he was part of the Bank Mandiri Merger
and from March 1999 - November 2016 served as a member of the Team for accounting, as member of an independent committee
Board of Commissioners of PT Bank Antardaerah. in a national private bank in 2013 until now, either as a Risk
Monitoring Committee or Audit Committee, as a trainer in the
Mohamad Hassan banking sector since 2005 until now both in government and
Member of Risk Monitoring Committee/Independent Party private bank and non-bank financial institutions. In 2021, he
obtained level 3 risk management certification.
Indonesian citizen, born in Jakarta in 1960.
Outside the banking sector, he started his career in several Public
Serving as Member of the Audit Committee since May 4, 2021. Accounting firms from 2003 - 2021 as Senior Consultant and
Associate Director, in a heavy equipment rental company in 2010
He earned his Diploma IV Accounting STAN 1991 and Master of as General Manager, in universities from 2012 - 2017 as Head of the
Accountancy & Financial Information Systems (MAFIS) with a Financial Accounting Bureau and Head of the Internal Audit Bureau,
concentration in internal audit from Cleveland State University, as a lecturer in several universities from 2002 - 2020 (National
Ohio, United States in 1993. Lecturer Identification Number / NIDN No. 0304056202), especially
for courses related to the banking sector. In 2017 obtained audit
He started his career as an Auditor at the Financial and Development committee certification (Certification of Audit Committee Practices/
Supervisory Agency (BPKP), Jakarta (1983 - 1987). Starting in 2008 CACP).
until now also serving as Audit Committee in several companies.
Since July 2022 serving as an Independent Commissioner at PT Inti Independence
Bangun Sejahtera, Tbk. In April 2018 - May 2022 served as the All members of the Risk Monitoring Committee are not members
Academic Director at the YPIA Internal Audit Development Center of the Board of Directors of CCB Indonesia or other Banks.
and since June 2022 serving as the Chief Risk Management & Quality
Assurance Executive at YPIA. There are members of the Risk Monitoring Committee from
independent parties who have concurrent positions as
Obtained Qualified Internal Auditor (QIA) in 2000, Certified Risk Independent Party members of other Committees at the same
Management Professional (CRMP) in 2010, Certification in Risk Management Bank, namely:
Assurance (CRMA) in 2013, Chartered Accountant (CA) in 2014, Certification
in Audit Committee Practices (CACP) in 2016, Certified Professional Mohamad Hassan
Management Accountant (CPMA) in 2018 Qualified Government Internal Serves as a member of the Audit Committee (since May 4, 2023)
Auditor (QGIA) in 2020, Qualified Healthcare Internal Auditor (QHIA) in and Risk Monitoring Committee at the same Bank.
2021, and Indonesia Internal Auditor Practitioner (IIAP) in 2022.
The concurrent positions have taken into account competence,
Mohammad Sumarsono independence criteria, confidentiality, code of ethics and
Member of Risk Monitoring Committee / Independent Party implementation of duties and responsibilities.
Indonesian citizen, born in Surabaya in 1962. Independent parties who are members of the Risk Monitoring
Committee do not have financial, management, share ownership
Serving as a member of the Risk Monitoring Committee since and/or family relationships with the Board of Commissioners,
September 1, 2021. Board of Directors and/or Controlling Shareholders of the Bank.
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190 Opening Business and Functional Review Financial Review
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Duties and responsibilities
The duties and responsibilities of the Risk Monitoring Committee are to assist the Board of Commissioners in order to support the
effectiveness of the implementation of its duties and responsibilities.
In order to provide recommendations to the Board of Commissioners, the Risk Monitoring Committee:
1. Provide recommendations to the Board of Commissioners by evaluating the suitability of risk management policies and the
implementation of these policies.
2. Monitoring and evaluating the implementation of the duties of the Risk Management Committee and the Risk Management Division.
Term of Office of the Risk Monitoring Committee
The Risk Monitoring Committee is appointed and directly responsible to the Board of Commissioners.
The term of office of members of the Risk Monitoring Committee is adjusted to the term of office of members of the Board of Commissioners
and can be reappointed for the next term.
Supervisory Mechanism of the Risk Monitoring Committee Towards the Company
Supervisory mechanism by evaluating the conformity between risk management policy and policy implementation through the Risk Profile
Report prepared by the Risk Management Division as well as monitoring and evaluating the implementation of the duties of the Risk
Management Committee. The evaluation results are discussed in the Risk Monitoring Committee meetings, and if necessary, the Committee
invites the relevant Division or Work Unit as a resource person to obtain facts/information directly.
Intensity of the Reporting of the Risk Monitoring Committee to the Board of Commissioners during 2023
The Risk Monitoring Committee submits a report on the implementation of its duties to the Board of Commissioners through a meeting
between the Risk Monitoring Committee and the Board of Commissioners. Furthermore, the Risk Monitoring Committee provides
recommendations to the Board of Commissioners.
Risk Monitoring Committee Meeting
During 2023, the Risk Monitoring Committee held 6 (six) meetings, and provided proposals to the Board of Commissioners. The meetings
that have been held are as follows:
Yudo Mohamad Mohammad
No Date Agenda
Sutanto Hassan Sumarsono
1 22 Feb 2023 Review the Bank's Risk Highlights (Risk Management Division) √ √ √
2 24 May 2023 1. Q1/2023 Risk Management Committee meeting results √ √ √
2. Risk Highlights Q1/2023.
3. Q1/2023 NPL position
3 14 Jul 2023 1. Monitoring & updating of policies, guidelines and SOPs during Semester 1 of 2023. √ √ √
2. Anticipation of USD increase and Bank strategy
4 27 Oct 2023 1. Review the results of the Risk Management Division's monitoring of the √ √ √
implementation of risk management strategies until August 2023;
2. Discussed the results of the last Risk Management Committee meeting (up to
the second quarter of 2023)
3. Review the Bank's Risk Highlights:
a. Credit risk, among others: credit development, outstanding large debtors,
NPL, the latest condition of the Credit Restructuring Program - Covid 19
as of September 30, 2023.
b. Operational Risk, among others: progress of reporting to regulators,
implementation of risk mitigation
c. Other risks.
4. Review the implementation of stress tests and the methods used.
5. Update on PT SRITEX;
NPL position as of September 30, 2023
5 13 Dec 2023 The process of data input and determination of CKPN calculation and verification √ √ √
of the amount in the Financial Statements.
6 20 Dec 2023 1. Handling of customer complaints in Nov 2023; √ √ √
2. Other matters that need to be submitted to the Committee Under the Board
of Commissioners
Information :
√ : Present at the meeting, - : Not present at the meeting, TC : Via teleconference
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Risk Monitoring Committee Recommendations
No Date Memo Number Subject
1 20 Feb 2023 001/MI/KPR/II/2023 Results of the Risk Monitoring Committee Review of the Risk Management Implementation
Report for the Fourth Quarter of 2022 PT Bank CCBI No: 004/CCBI/DDIR-INT/I/2023
2 16 May 2023 002/MI/KPR/V/2023 Results of the Risk Monitoring Committee's Review of the Compliance Report for the Fourth
Quarter of 2022
3 13 Dec 2023 003/MI/KPR/XII/2023 Result of the Risk Monitoring Committee Review on Compliance Report of Q3/2023
4 19 Dec 2023 004/MI/KPR/XII/2023 Result of the Risk Monitoring Committee review on the Risk Management Implementation Report
for the Third Quarter of 2023 PT Bank CCBI No: 016/CCBI/DDIRINT/X/2023 dated October 26, 2023
5 27 Dec 2023 006/MI/KPR/XII/2023 Results of the Risk Monitoring Committee Review on the realization of the RBB for the Third
Quarter of 2023
Until the end of 2023, the Risk Monitoring Committee carried out Serving as the Chairman of the Remuneration and Nomination
its duties and responsibilities and provided recommendations to Committee since October 22, 2010.
the Board of Commissioners.
Obtained a Bachelor of Law degree in 1972 from Sriwijaya University,
Work Program and Its Realization Palembang.
The Risk Monitoring Committee has prepared a Work Plan and
Activity Schedule for the year 2023. Began his career at Citibank Jakarta from May 1974 until April 1977.
He then worked at PT Multinational Finance Corporation (PT Multicor)
The planned work and activities were realized in 2023. from May 1977. From the period of August 1985 until October 1991,
he was appointed as Executive Director, then from November 1991
Remuneration and Nomination Committee until January 2003, he was appointed as President Director. Then at PT
Bank Multicor as Independent Commissioner from June 2003 until
Remuneration and Nomination Committee is chaired by an June 2008. Since October 2008 until 2009, he served as Commissioner
Independent Commissioner, with members consisting of one in several national private companies in Jakarta. And since May 2010,
Commissioner and one Executive Officer overseeing human he was reappointed as an Independent Commissioner in the Company.
resources.
Qi Jiangong
Structure and Membership Member of the Remuneration and Nomination Committee/
According to the latest changes in the membership of the Commissioner
Remuneration and Nomination Committee as stipulated in Board
of Directors Decree No. 027/SK-DIR/KP-JKT/II/2019 dated February Chinese citizen, born in Shanxi, China on June 11th, 1970. He
21, 2019, the composition of the Remuneration and Nomination obtained his Bachelor of Economics from Renmin University of
Committee as of February 20, 2019, is as follows: China in 1992 and his Master Degree from the University of
International Business and Economics, majoring in International
Chairman: Accounting Management and graduated in 1997.
Mohamad Hasan (Independent Commissioner)
Appointed as Commissioner through GMS on October 14th, 2016,
Members: and declared effective since June 6th, 2017 until now.
1. Qi Jiangong (Commissioner)
2. Irwan Bonto (Head of Human Capital Division) Began his career at China Construction Bank Corporation since July 1997
as a Business Manager who is responsible for managing assets/ liabilities.
Expertise From October 2000 until March 2001, he held various strategic positions
at China Construction Bank Corporation. Furthermore, from March 2001
Mohamad Hasan until July 2008, he was appointed as Chief Manager and Deputy Chief
Chairman of Remuneration and Nomination/Independent Manager who is responsible for the financial market department. Then
Commissioner in March 2008 until 2 August 2022, he was appointed as Deputy General
Manager and Chief Manager of Strategic Investment and Management
Indonesian citizen, born in Palembang in 1944. Department, who was in charge of Bank's strategic investments.
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192 Opening Business and Functional Review Financial Review
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He was appointed as Chairman, Non Executive Director of BlackRock c. The Remuneration and Nomination Committee is required
CCB Wealth Management Limited on May 10, 2021 until now. to ensure that remuneration policies are at least in line with:
1) Financial performance and reserve fulfillment as regulated
Starting August 2, 2022 until now, he was appointed as General in applicable laws and regulations;
Manager of Financial Institutional Business Department of China 2) Individual work performance;
Construction Bank Corporation, who is responsible for the 3) Fairness with peer groups;
management of the financial institution business. 4) Considerations of the bank's long-term goals and
strategies.
As a Non-Independent Commissioner, he undertakes the functional
duties from the China Construction Bank Corporation (the Bank 2. Regarding nomination tasks, the Remuneration and Nomination
shareholders in the form of a legal entity). Committee has the following tasks and responsibilities:
a. The Remuneration and Nomination Committee is obliged
Irwan Bonto to formulate and provide recommendations regarding the
Member of the Remuneration and Nomination Committee/Executive selection and/or replacement procedures for members of
Officer the Board of Commissioners and Directors, both local and
foreign workers, to the Board of Commissioners to be
Indonesian citizen, born in Makassar, South Sulawesi in 1965. presented to the General Meeting of Shareholders.
b. The Remuneration and Nomination Committee is required
Executive Officer, Head of Human Capital Division, serving as a to provide recommendations:
member of the Remuneration and Nomination Committee since 1) Regarding candidates for members of the Board of
February 21, 2019. Obtained a Bachelor of Law degree from Hasanuddin Commissioners and/or Directors, both local and foreign
University, Makassar in 1989. Serving as Head of Human Capital workers, to the Board of Commissioners to be presented
Operation & Services Division at CCB Indonesia since January 2019, to the General Meeting of Shareholders.
previously as Head of Credit Operation Division at CCB Indonesia 2) Providing recommendations regarding Independent
(formerly Bank Windu) from June 2013 to December 2018. Started Parties who will become members of the Audit
his career at Bank Universal (now Permata) from September 1991 to Committee or Risk Monitoring Committee to the Board
August 2005 in the Operations field. Then as Corporate Banking of Commissioners.
Credit Operation Head at Bank OCBC NISP until May 2013. c. The recommendation procedure for candidates for members
of the Board of Commissioners, and/or Directors, both local
Independence and foreign workers, and/or Independent Parties as
All members of the Remuneration and Nomination Committee are not mentioned above is conducted as follows:
members of the Board of Directors of CCB Indonesia or any other bank. 1) The Remuneration and Nomination Committee assesses
candidates for members of the Board of Commissioners,
Duties and Responsibilities or Directors, both local and foreign workers, or
In line with the scale and complexity of CCB Indonesia's business, Independent Parties.
the functions performed by the Remuneration and Nomination a) Assessments are based on the competencies and
Committee are combined into one committee, namely the track records of the candidates.
Remuneration and Nomination Committee. b) In addition, assessments can be conducted through
interviews with candidates for members of the
The roles and responsibilities of the Remuneration and Nomination Board of Commissioners, or Directors, both local
Committee are to assist the Board of Commissioners in supporting and foreign workers, or Independent Parties;
the effectiveness of their duties and responsibilities, including: c) If necessary, the Remuneration and Nomination
1. Regarding remuneration tasks, the Remuneration and Nomination Committee may use independent Professional
Committee has the following tasks and responsibilities: Institutions to conduct assessments.
a. The Remuneration and Nomination Committee is obligated 2) Based on the assessment results, the Remuneration
to evaluate remuneration policies and systems. and Nomination Committee:
b. The Remuneration and Nomination Committee is required a) Provides recommendations for candidates for
to provide recommendations to the Board of Commissioners Directors and/or Commissioners, both local and
regarding: foreign workers, to the Board of Commissioners
1) Remuneration policies and systems for the Board of to be presented at the General Meeting of
Commissioners and Directors, both local and foreign workers, Shareholders.
to be presented to the General Meeting of Shareholders; b) Provides recommendations regarding Independent
2) Remuneration policies and systems for Executive Officers Parties who will become members of the Audit
and employees, both local and foreign workers, as a Committee or Risk Monitoring Committee to the
whole, to be presented to the Board of Directors. Board of Commissioners.
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Corporate Governance
Term of Office of the Member of the Remuneration and Nomination Committee
The Remuneration and Nomination Committee is appointed and directly accountable to the Board of Commissioners.
Members of the Remuneration and Nomination Committee are appointed for a specific term.
After the term expires, members of the Remuneration and Nomination Committee may be reappointed for the next term.
The term of membership of the Remuneration and Nomination Committee shall not exceed the term of the Board of Commissioners as
stipulated in the articles of association.
The membership, composition, and independence of the members of the Remuneration and Nomination Committee mentioned above
comply with the regulations of the Financial Services Authority. The membership consists of an Independent Commissioner as the Chairman
of the Committee, a Commissioner, and an Executive Officer overseeing human resources.
Mechanism of Oversight by the Remuneration and Nomination Committee towards the Company
In order to provide recommendations to the Board of Commissioners, the Remuneration and Nomination Committee ensures that
the remuneration policy complies with applicable laws and regulations.
The oversight mechanism involves evaluating the alignment of the remuneration policy with financial performance and reserve fulfillment
as regulated by applicable laws and regulations; individual work performance; fairness with peer groups; and considerations of the bank's
long-term goals and strategies. Subsequently, the evaluation results are discussed in meetings of the Remuneration and Nomination
Committee.
Intensity of Reporting of the Remuneration and Nomination Committee to the Board of Commissioners
Meetings of the Remuneration and Nomination Committee are held periodically, resulting in recommendations that are subsequently
discussed in Board of Commissioners' meetings, serving as both a report on the implementation of the Remuneration and Nomination
Committee's duties to the Board of Commissioners.
Meetings of the Remuneration and Nomination Committee
Throughout the year 2023, the Remuneration and Nomination Committee held a total of 4 (four) meetings and provided proposals to
the Board of Commissioners. The meetings conducted were as follows:
Mohamad
No Date Meeting Agenda Qi Jiangong Irwan Bonto
Hasan
1. 17 April 2023 Performance Bonus for 2022 √ - √
2. 22 June 2023 Recommendations regarding members of the audit committee and √ - √
risk monitoring committee.
3. 15 November 2023 Proposed Performance Bonus in 2022 for the Director of Foreign Workers √ - √
CCB Indonesia
4. 27 December 2023 Standards of salary, directors' benefits, employee medical limits and √ - √
retirement age for executive officers.
Information :
√ : Present at the meeting, - : Not present at the meeting, TC : Via teleconference
Remuneration and Nomination Committee Recommendations
No Date Letter No. Subject
1 17 April 2023 001/KRN/MI/IV/2023 Recommendation regarding the performance bonus amount for the 2022 period
2 15 November 2023 003/KRN/MI/XI/2023 Proposed Performance Bonus in 2022 for the Director of Foreign Workers CCB Indonesia
As of the conclusion of 2023, the Remuneration and Nomination Committee's performance has been deemed satisfactory. The Remuneration
and Nomination Committee has fulfilled its duties and responsibilities, and provided recommendations to the Board of Commissioners
in accordance with applicable provisions.
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194 Opening Business and Functional Review Financial Review
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Work Program and Its Realization
The Remuneration and Nomination Committee has formulated the Work Plan and Schedule of Activities for the year 2023. The planned
work and activities have been implemented in 2023.
Assessment of the Performance of Committees Supporting the Board of Commissioners' duties
The performance of the Audit Committee, Risk Monitoring Committee, and Remuneration & Nomination Committee is assessed using
the following procedures and criteria:
1. The performance of each committee supporting the Board of Commissioners' duties is periodically evaluated by the Board of
Commissioners.
2. The criteria for evaluating the performance of each committee include, but are not limited to:
a. Achievement of committee meeting execution,
b. Attendance of each committee member,
c. Administrative order.
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Corporate Governance Corporate Information Financial Statement Annual Report 195
Corporate Governance
Board of Directors
Reappointed through
No Name Position BI / OJK Approval Letter Date of BI / OJK Approval
GMS
1 You Wennan President Decision Letter of OJK Commissioner Member 27 Apr 2018 14 May 2019
Director No. KEP-88/D.03/2017 dated April 27, 2018
2 Zhu Yong Director Decision Letter of OJK Commissioner Member 8 Jan 2019 14 May 2019
No. KEP-4/D.03/2019 dated January 4, 2019
3 Setiawati Samahita Director Letter from the Governor of Bank Indonesia 8 Feb 2010 14 May 2019
No. 12/16/GBI/DPIP/Confidential dated
February 8, 2010.
4 Junianto Director Letter from the Governor of Bank Indonesia 12 Aug 2013 14 May 2019
No. 15/45/GBI/DPIP/Confidential dated August
30, 2013
5 Chandra Nangkok Tua Director Decision Letter of OJK Commissioner Member 16 Nov 2018 14 May 2019
Siagian No. KEP-188/D.03/2018 dated November 14,
2018
6 Agresius Robajanto Compliance Decision Letter of OJK Commissioner Member 1 Feb 2019 14 May 2019
Kadiaman Director No. KEP-17/D.03/2019 dated January 31, 2019
The composition of the Board of Directors at the beginning of 2023 In February 2007, served at CCB Fujian Province Branch in
remained unchanged compared to the previous period based on Corporate Banking Department as Deputy General Manager.
the decision of the Annual General Meeting of Shareholders (AGM) Then in February 2008 as General Manager at CCB Fujian Province
dated May 14, 2019. The reappointment of the Board of Directors in Branch in Institution Clients Department. In March 2010, he
the Annual General Meeting is intended for the term starting from became General Manager at CCB Longyan Branch. He then
the closing of the Annual General Meeting on May 14, 2019, until served at CCB Quanzhou Branch in January 2014 as General
the closing of the company's annual general meeting for the year Manager.
2023, with the following composition of the Board of Directors:
In October 2014, he became Deputy Director of Agency Services
President Director : You Wennan Companies and Management Committee at CCB Fujian Branch.
Director : Zhu Yong
Director : Setiawati Samahita Then from April 2016 worked in Indonesia as Deputy Head of
Director : Junianto the Preparatory Team until November 2016, effective as Director
Director : Chandra Nangkok Tua Siagian of the Company. Then starting May 2nd, 2018, he effectively
Compliance Director : Agresius Robajanto Kadiaman became the President Director of the Company.
In 2023, the number of members of the Board of Directors shall Training attended in 2023:
not be less than 3 (three) individuals. 1. Online Training “Risk Management Refreshment Batch 1” by
Kovida Training on February 1, 2023 in Jakarta.
You Wennan 2. Online Training “Risk Management Refreshment Level 7” by
President Director Bintang Solusi Laras on December 27, 2023 in Jakarta.
Chinese citizen, born in Fujian, China in 1967. He obtained his As President Director, he leads other Directors, and oversees
Bachelor degree in Automatic Control from Northwestern Internal Audit, Credit Review, Information Technology (IT )
Polytechnic University – China in 1991. Development and IT Operations Management, Strategic
Transformation, Digital Banking and Anti-Fraud.
Appointed as President Director of Company since May 2, 2018 based
on the approval from the Financial Services Authority No. KEP-88/D.03/2018. As a member of the Board of Directors, he has adhered to all
Previously served as Director of the Company since November 30, 2016. the requirements stipulated in the Financial Services Authority
Regulation No. 33/POJK.04/2014 (formerly Capital Market Authority
Began his career in China Construction Bank (“CCB”) at Fuzhou Branch Regulation IX.I.6), No. 27/POJK.03/2016, Circular Letter of Financial
in September 1991 as Business Manager. In June 1992 as Business Services Authority No. 39/SEOJK.03/2016 and has obtained
Manager of CCB Fujian Province in IT Department, then in March approval from the Financial Services Authority No. KEP-
2000 – February 2007 he became a Deputy General Manager. 88/D.03/2018 dated April 27th, 2018.
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196 Opening Business and Functional Review Financial Review
Corporate Governance
Zhu Yong November 30th, 2016 based on the approval from the Financial
Director of Corporate & International Banking Services Authority No. SR-104/PB.12/2016.
Chinese citizen, born in Guizhou, China in 1975. He obtained his Began her career at PT Sanmaru Food Manufacturing (PT Indofood
Bachelor of Economics from Shanghai Finance and Economics S.M) as Assistant Manager of Snack Food Research & Development
University, China in 1996 and his Master Degree in Accounting from from March 1985 until March 1986. Then in April 1986 at FEBC Manila
Tsinghua University, China in 2008. Jakarta (YASKI) Radio as Head of Recording Studio until December
1988. Began her banking career at Bank Bali in June 1990 as Development
Appointed as Director of the Company since 29 March, 2019. Program Officer until December 1990. Subsequently she held various
Began his career in China Construction Bank Corporation (CCB) positions as Account Officer from December 1990 until February 1995,
in July 1996 in various key and strategic positions. Started at CCB as Team Leader of Commercial Loan Bogor from March 1995 until
Guizhou Branch in Accounting Department until February 2001, October 1995. Promoted as General Manager at PT Bank Bali Bogor
continued to CCB Tongren Branch until July 2003 with his last from November 1995 until December 1995. At the same time, she
position as General Manager of Finance & Accounting Department. served as Commissioner at BPR Bali Dayaupaya Mandiri from July 1995
Returned to CCB Guizhou Branch until October 2014, his last until May 1998. Then as Chief General Manager from January 1996
position was General Manager of Investment Banking Department. until May 2000, and since June 2000 was promoted as General Manager
Forex Trading Business until August 2000. Next, she served at PT Bank
In October 2014, he was appointed as Director of CCB Guiyang Jingrui Lippo as Deputy Regional Head from September 2000 until February
Branch and then in November 2014 was appointed as President 2001. She served at PT Bank OCBC NISP as Head of Bogor Branch from
Director at CCB Guiyang Jingrui Branch, in this matter responsible March 2001 until January 2005. Continued as Branch Department
for comprehensive management of CCB Guiyang Jingrui Branch, Head of Reg.2 from February 2005 until June 2006 and was promoted
including business development, internal risk control, and others. as Region Head of Reg. 5 from July 2006 until January 2009. In January
2009, she served as Senior Corporate Executive concurrent as Region
Training attended in 2023: Head of Sumatra until November 2009.
1. Online Training “Risk Management Refreshment Batch 1” by
Kovida Training on February 1, 2023 in Jakarta. Trainings attended in 2023:
2. Workshop “Management Training” by CCB Corporation on June 1. Online Training “Risk Management Refreshment Batch 1” by
25-30, 2023 in Beijing, China. Kovida Training on February 1, 2023 in Jakarta.
3. Online Training “Risk Management Refreshment Level 7” by 2. Hybrid Training "Leadership Directorate of Commercial and
Bintang Solusi Laras on December 27, 2023 in Jakarta. Retail Banking" by Teen Talent Indonesia on February 13, 2023
in Jakarta.
As a Director, he oversees China Desk, Corporate Banking, Trade 3. Training "Personal Data Protection" by Ministry of Communication
Finance, Trade Finance China Desk, Treasury dan Financial Institution. and Information on February 22, 2023 in Jakarta.
4. Health Talk Seminar "Heart Disease and Solutions" by ACA and
As a member of the Board of Directors, he has adhered to all the Brawijaya Hospital on August 25, 2023 in Jakarta.
requirements stipulated in the Financial Services Authority Regulation 5. Online Training "Mandarin Language Training" by Jennie Sunarso
No. 33/POJK.04/2014 (formerly Capital Market Authority Regulation on October 1, 2023-December 31, 2023 in Jakarta.
IX.I.6), No. 27/POJK.03/2016, Circular Letter of Financial Services Authority 6. Seminar "Indonesia International Waste Treatment Technology
No. 39/SEOJK.03/2016 and has obtained approval from the Financial 2023" by Nuswantara Adhidaya Perkasa on November 1-2, 2023
Services Authority No. KEP-4/D.03/2019 dated January 4th, 2019. in Jakarta.
7. Online Training “Risk Management Refreshment Level 7” by
Setiawati Samahita Bintang Solusi Laras on December 27, 2023 in Jakarta.
Director of Commercial & Retail Banking
As a Director, she oversees the areas of Commercial, Small & Medium
Indonesian citizen, born in Pekan Baru in 1961. She obtained her Enterprise (SME), Consumer Assets, Liabilities & Branch Network,
Bachelor of Agricultural Technology from the Faculty of Agricultural and Regions/Branches.
Technology majoring in Food Science and Nutrition with a predicate
of Very Satisfactory from Bogor Agricultural University in 1984 and As a member of the Board of Directors, she fulfills the requirements
her Master degree in Management from PPM School of Management as stipulated in Financial Services Authority Regulation Number 33/
Jakarta in 2007 with a predicate of Cum Laude. POJK.04/2014 (formerly Regulation of Bapepam IX.I.6), Number 27/
POJK.03/2016, Financial Services Authority Circular Letter No.39/
Appointed as Director of the Company since June 2010 and SEOJK.03/2016, and has obtained approval from the Financial Services
continued after the merger of Bank Windu and Bank Anda as of Authority No. KEP-103/D.03/2016 dated November 30, 2016.
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Corporate Governance Corporate Information Financial Statement Annual Report 197
Corporate Governance
Junianto As a member of the Board of Directors, he has adhered to all the
Director of Operation requirements stipulated in the Financial Services Authority Regulation
No. 33/POJK.04/2014 (formerly Capital Market Authority Regulation
Indonesian citizen, born in Rembang in 1967. He obtained his Bachelor IX.I.6), No. 27/POJK.03/2016, Circular Letter of Financial Services
of Economics/Management from Satya Wacana Christian University- Authority No. 39/SEOJK.03/2016 and has obtained approval from
Salatiga (UKSW) in 1991 and his Master degree in Management (MM the Financial Services Authority No. KEP-109/D.03/2016 dated
Executive) from Prasetya Mulya Graduate School-Jakarta in 2002. November 30th, 2016.
Appointed as Director of the Company since August 2013 and Chandra N T Siagian
continued after the merger of Bank Windu and Bank Anda as of Director of Finance
November 30th, 2016 based on the approval from the Financial
Services Authority No. SR 104/PB.12/2016. Indonesian citizen, born in Medan in 1971. He obtained his Bachelor
of Economics majoring in Economics and Accounting from the
Began his career at PT Bank Universal, Tbk (now is PT Bank Permata, University of Indonesia in 1994.
Tbk) from May 1992 until March 1993 as Trainee of Management
Development Program (MDP). In April 1993, he was appointed as Appointed as Director of the Company since November 2018.
Account Officer of Semarang Branch until May 1995. From June
1995, he served as Team Leader of Corporate Banking Jakarta until Began his career in banking at Bank HSBC from September 1994
December 1997. Then from January 1998 until December 1999, he until September 2004 in various fields such as Financial Controller,
became the Head Caretaker of Bandung Branch. IT Business Analyst, Customer Services and Treasury Services with
various key positions including as the Head of Finance.
Then from January 2000, he served as Account Manager, Jakarta
until March 2003. In April 2003, he became Team Leader – Parts, Tools After that, he continued his career at Standard Chartered Bank since
& Machinery. From May 2003, he started his career at PT Bank NISP September 2004 until February 2007 as the Head of Business Finance
Tbk as Credit Risk Section Head Jakarta until December 2004. From and Strategic Customer Management for Consumer Banking. Then
January 2005 until September 2005, he served as Commercial Credit from March 2007 until April 2009, he had a career at Bank Permata
Development Head. Then from September 2005, he was appointed as the Head of Change Management/ Strategic Performance
as Corporate Business Head Jakarta until January 2006. Continued Management.
as Marketing Coordinator of Jakarta V until February 2006. Then
served as Marketing Department Head of Regional V Jakarta and In May 2009, as Head of Business Planning and Analytics in Barclays
Branch Head of Bekasi concurrent as Area Coordinator from February Bank until June 2010.
2006 until January 2009. Continued as Distribution Head of Metro
Surabaya (Emerging Business and Commercial Head) in January 2009 Furthermore, in July 2010 he continued his career in Bank Permata
until June 2010. From July 2010, he worked at PT Bank Windu Kentjana with a number of key positions, most recently as the Head of
International, Tbk as Regional Head of Jabodetabek until December Performance Management & Corporate Planning until July 2018.
2010. Then he was appointed as Regional Head Sumatera, Bali,
Pontianak & Jatabek in January 2011 until August 2013. The trainings attended in 2023 as follow:
1. Online Training “Risk Management Refreshment Batch 1” by
The trainings attended in 2023 as follow: Kovida Training on February 1, 2023 in Jakarta.
1. Online Training “Risk Management Refreshment Batch 1” by 2. Workshop "Team Building Directorate of Finance" by Lennira
Kovida Training on February 1, 2023 in Jakarta. Team on October 21-22, 2023 in Bogor.
2. Online Training "Risk Weighted Assets (RWA) Operational Risk 3. Webinar "How to Drive Corporate Performance through Accounting
Using the Standard Approach in calculating the Batch 1 KPMM Practices" by the OJK Institute on November 9, 2023 in Jakarta.
ratio" by RMG on February 8, 2023 in Jakarta. 4. Online Training “Risk Management Refreshment Level 7” by
3. Training "Redefining Human Capital: Inspiring People to Take Action" Bintang Solusi Laras on December 27, 2023 in Jakarta.
by Indonesia HR Summit on June 19 - 20, 2023 in Nusa Dua, Bali.
4. Online Training “Risk Management Refreshment Level 7” by He has received “The Best Performance CFO 2023 in Revenue
Bintang Solusi Laras on December 27, 2023 in Jakarta. Optimization Through Business Segmentation Development” from
Warta Ekonomi magazine on February 28, 2023.
As a Director, he oversees Operation, Trade Operation, Credit
Operation, General Affair & Infrastructure, Special Assets Management, He has also received “Indonesia Best CFO 2023 Award” from SWA
Human Capital dan Operation Development. magazine on September 7, 2023.
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198 Opening Business and Functional Review Financial Review
Corporate Governance
As a Director, he oversees Corporate Secretary & Communication, Subsequently became the Country Channel Partner at BIG APC
Financial Planning & Management, Accounting & Tax, and Customer Singapore in May 2015 until July 2016, and in almost the same
Complaint Handling. period, he was appointed as the President Director of PT Karabha
Digdaya in October 2015 until July 2016.
As a member of the Board of Directors, he has adhered to all the
requirements stipulated in the Financial Services Authority Regulation In July 2016, he was appointed as the Director of Finance at PT
No. 33/POJK.04/2014 (formerly Capital Market Authority Regulation Sarana Multi Infrastruktur until July 2018. Meanwhile, in September
IX.I.6), No. 27/POJK.03/2016, Circular Letter of Financial Services 2016, he also became an Advisor to the Board of Directors at PT
Authority No. 39/SEOJK.03/2016 and has obtained approval from Karabha Digdaya until early February 2019.
the Financial Services Authority No. KEP-188/D.03/2018 dated
November 14th, 2018. In September 2018 until the beginning of February 2019, he also
served as an Advisor to the Executive Management in Non-
Agresius Robajanto Kadiaman Government Budget Investment Financing (PINA), Ministry of
Director of Compliance National Development Planning.
Indonesian citizen, born in Jakarta in 1967, He obtained his Bachelor The trainings attended in 2023 includes:
of Economics majoring in Economics & management from the University 1. Seminar "Financial Services Industry Outlook in 2023" by Financial
of Indonesia in 1991 and his Master degree in Business Administration Services Authority (OJK) on January 10, 2023 in Jakarta.
from Nanyang Technological University, Singapore in 2003. 2. Training "Refreshment of Risk Management Certificate: Digital
Transformation and Its Implications on Risk Management" by
Appointed as Director of the Company since February 6th, 2019. Gagasan Risiko Manajemen on February 1, 2023 in Jakarta.
3. Online Training "Risk Weighted Assets (RWA) Operational Risk
He began his career in banking at Citibank N.A. in April 1991 until Using the Standard Approach in calculating the Batch 1 KPMM
April 1997, including as Financial Control Staff, Relationship Manager ratio" by RMG on February 8, 2023 in Jakarta.
and lastly served as Assistant Vice President, Financial Institutions 4. Webinar "Anti Money Laundering in the Digital Era: Lessons
and Custody. Learned from Selected Countries" by OJK Institute on April 6,
2023 in Jakarta.
After that, he continued his career at PT Bank Danamon Tbk since 5. Webinar "Metaverse Opportunities in the Financial Services
May 1997 until November 1999 with last position as Head of Treasury Industry" by OJK Institute on May 11, 2023 in Jakarta.
and International Division. 6. Webinar "Getting to Know More About the Regulations on the
Financial Sector Development and Strengthening Law (UU
Since November 1999 until July 2002, he worked at the Indonesian P2SK) in the Context of Strengthening the Banking Sector" by
Bank Restructuring Agency in various key positions such as the OJK Institute on June 22, 2023 in Jakarta.
Head of Bank Restructuring and Head of Risk Management and 7. Online Training "Implementation of Personal Data Protection
Compliance Division. In the period of November 1999 until November Laws and Challenges to Their Implementation" by FKDKP on
2000, he was appointed as Member of the Management Team at July 12, 2023 in Jakarta.
PT Bank Bali Tbk in the framework of the bank restructuring and Workshop "2023 Training Session for Compliance Officers of
recapitalization process. Overseas Institutions" by CCB Corporation on July 17–21, 2023
in Xiamen, China.
After completing his Master degree at Nanyang Technological 8. Webinar "Socialization of Financial Services Authority Regulations
University, he restarted his career as an Advisor at PT Trans Pacific on the Implementation of Governance for Commercial Banks"
Petrochemical Indotama in September 2003 until February 2004. by OJK Institute on September 19, 2023 in Jakarta.
Then in February 2004, he was appointed as the Director of Finance 9. Seminar "Socialization of the Resolution Plan and Premiums
at PT Tuban Petrochemical Industries until May 2004. In May 2004, for the Banking Restructuring Program (PRP)" by Deposit
he returned to PT Trans Pacific Petrochemical Indotama until August Insurance Corporation (LPS) on November 1-2, 2023 in Bandung.
2008 with last position as the Vice President Director and Chief 10. Workshop "Risk Management Training for Overseas Institutions"
Financial Officer. by CCB Corporation on November 13-14, 2023 in Qindao,
China.
He continued his career at PT Sampoerna Strategic in Micro Finance 11. Online Training "Risk Management Refreshment Level 7" by
Business Unit in August 2008 as the Chief Financial Officer and Bintang Solusi Laras on December 27, 2023 in Jakarta.
Acting Chief Risk Officer until December 2011. In the period of
January 2012 until April 2015, he was appointed as the Director of As a Director, he oversees Compliance, Risk Management, Legal,
Finance at PT Bank Sahabat Sampoerna. and Corporate Policy Guidelines & Procedures.
Page 199
Corporate Governance Corporate Information Financial Statement Annual Report 199
Corporate Governance
As a member of the Board of Directors, he has adhered to all the Scope of Work and Responsibilities of Each Member of the
requirements stipulated in the Financial Services Authority Regulation Board of Directors
No. 33/POJK.04/2014 (formerly Capital Market Authority Regulation The scope of responsibility and task division of each member of
IX.I.6), No. 27/POJK.03/2016, Circular Letter of Financial Services Authority the Board of Directors of CCB Indonesia as of December 31, 2023,
No. 39/SEOJK.03/2016 and has obtained approval from the Financial is as follows:
Services Authority No. KEP-17/D.03/2019 dated January 31st, 2019. 1. The organizational structure of the Bank is designed to support
the fulfillment of the Bank's mission in line with the principles
Duties and Responsibilities of the Board of Directors: of Good Corporate Governance, taking into account the functions,
1. Managing the Bank in accordance with its authority and areas of responsibility, and business requirements of the Bank
responsibilities as regulated in the Articles of Association and as a commercial institution.
applicable laws and regulations. 2. Each Director nurtures, leads, and oversees Divisions and/or
2. Formulating short-term and long-term Strategic Plans of the Bank. Units according to the division of supervision as follows:
3. Upholding and implementing the principles of Good Corporate
Governance in all business activities of the Bank at all levels or • President Director: You Wennan, oversees and leads:
stages of the organization. a. Corporate & International Banking Director
4. Cultivating, ensuring, and supervising the Bank's compliance b. Commercial & Retail Banking Director
with internal and external regulations. c. Finance Director
5. Following up on audit findings and recommendations from d. Operations Director
the Bank's Internal Audit Function and Public Accountants, as e. Compliance Director
well as supervisory results from the Financial Services Authority f. Internal Audit Division
and/or other authorities with the following provisions: g. Credit Review Division
a. Directors are required to attend exit meetings for internal h. Information Technology Development Management
audits, external audits, or Financial Services Authority audits Division
related to the functions they lead. i. Information Technology Operation Management
b. Directors who cannot attend the exit meeting must be aware Division
of and sign the exit meeting report. j. Digital Banking Division
6. When necessary, the Board of Directors may establish special k. Strategic Transformation Division
work units to ensure that audit follow-up actions have been l. Anti-Fraud Unit
properly implemented.
7. Establishing Working Functions to ensure the implementation • Corporate & International Banking Director: Zhu Yong,
of Good Corporate Governance principles, including but not oversees and leads:
limited to: a. Trade Finance Division
a. Risk Management Division, b. Trade Finance - China Desk Division
b. Internal Audit Division, c. China Desk 1 Division
c. Compliance Division, d. Corporate Banking 2 Division
d. Corporate Policy, Guidelines & Procedure Division, e. Treasury & Financial Institution Division
e. Legal Division,
f. Anti-Fraud Unit. • Commercial & Retail Banking Director: Setiawati
8. Establishing Committees under its purview to support the Samahita, oversees and leads:
effectiveness of the implementation of its duties and a. Commercial Division
responsibilities, including: b. Small & Medium Enterprise (SME) Division
a. Risk Management Committee, c. Consumer Asset Division
b. Credit Policy Committee, d. Liabilities & Branch Network Division
c. ALCO Committee (Asset Liability Committee), e. Regions/Branches
d. Information Technology Steering Committee,
e. Credit Committee, • Finance Director: Chandra N.T Siagian, oversees and
f. Human Capital Committee. leads:
9. Ensuring that the established committees carry out their duties a. Corporate Secretary & Communication
effectively. b. Asset Liability Management Division
10. Not granting general authority to other parties that result in the c. Accounting & Tax Division
delegation of duties and responsibilities of the Board of Directors. d. Customer Complaint Handling Unit (UP3N)
Page 200
200 Opening Business and Functional Review Financial Review
Corporate Governance
• Operations Director: Junianto, oversees and leads: Board of Directors does not grant general authority to other parties
a. Special Asset Management Division that would result in the transfer of the Board of Directors' duties
b. Human Capital Division and functions.
c. Operation Development Division
d. Operation Division Board of Directors has guidelines for conducting Board meetings
e. Trade Operation Division and rules of procedure for the Board's work, which include provisions
f. Credit Operation Division for assessing and evaluating the Board's performance, by referring
g. General Affairs & Infrastructure Division to the Financial Services Authority regulations on Corporate
Governance for Commercial Banks and regulations on Directors
• Compliance Director: Agresius Robajanto Kadiaman, and Commissioners of Issuers or Public Companies.
oversees and leads:
a. Legal Division All meetings are documented in Board Meeting minutes signed
b. Compliance Division by all attending members and distributed to all Board members.
c. Risk Management Division
d. Corporate Policy, Guidelines & Procedure Division Board of Directors, individually or collectively, do not hold shares
exceeding 25% of the bank's paid-up capital and/or in other
All members of the Board of Directors of CCB Indonesia do not companies. The integrity, competence, and financial reputation of
have any financial, managerial, ownership, or familial relationships all Board members are deemed adequate.
with other members of the Board of Directors, the Board of
Commissioners, and/or the Controlling Shareholders that could All Board members come from independent parties and do not
affect their ability to act independently. have financial, managerial, ownership, or familial relationships
with other members of the Board of Commissioners, other Directors,
President Director comes from an independent party from the and/or Controlling Shareholders that could affect their ability to
Controlling Shareholders because they do not have any financial, act independently. Board members have passed the fit and proper
managerial, ownership, or family relationships with the Bank's test and have obtained approval from the Financial Services
Controlling Shareholders. Authority.
Board of Directors has disclosed the Bank's strategic policies in The Implementation of Board of Directors Meetings
the field of human resources, through easily accessible means During the year 2023, the Board of Directors held a total of 84
such as Work Meetings, Director's Decisions, Circular Letters, (eighty-four) meetings, as shown in the table below:
emails, or other media.
Page 201
Corporate Governance Corporate Information Financial Statement Annual Report 201
Corporate Governance
You Zhu Setiawati Chandra Agresius R
No Date Meeting Agenda Junianto
Wennan Yong Samahita Siagian Kadiaman
1 3 Jan 2023 1. Information on Termination of Implementation √ √ - √ √ √
of Public Activities Restriction (PPKM)
2. Information on BOD’s Assessment
3. Update on FTP Implementation Plan
4. Discussion on Financial Result as of December
31, 2022
5. Others
2 3 Jan 2023 Financial Updates – as of January 4, 2023 √ √ √ √ √ √
3 9 Jan 2023 1. Financial Updates – as of January 9, 2023 √ √ √ √ √ √
2. Request for the Summary of BOD Response
Documents
3. Update on Online News of GWP Case
4 12 Jan 2023 1. Financial Updates – as of January 11, 2023 √ √ √ √ √ √
Information on the Law of Personal Data Protection
5 16 Jan 2023 1. Update on EY Audit Closing Meeting √ √ √ √ √ √
2. Draft Material of RBB 2023 – 2025 (for OJK)
3. Update on Car Usage
4. Update on GWP Case
6 19 Jan 2023 1. Financial Updates – as of January 17, 2023 √ √ √ √ - -
2. Discussion on How to Improve the Business
Performance
7 26 Jan 2023 1. Financial Updates – as of January 25, 2023 √ √ √ - √ √
2. Update on Risk Based Bank Rating for Semester
II of 2022
3. Update on Data Protection Law
Others
8 30 Jan 2023 1. Financial Updates – as of January 23, 2023 √ √ √ √ √ √
2. Introduction of CCBI e-Booklet
3. Business Performance Review – December 2022
4. Tax Update – December 2022
5. Update on GWP Case Scenario (Legal case No.
555)
9 2 Feb 2023 1. Financial Updates – as of January 31, 2023 √ √ √ √ √ √
2. Information on OJK Audit Schedule
10 6 Feb 2023 1. Financial Updates – as of January 31, 2023 √ √ √ √ - √
2. Financial Updates – as of February 3, 2023
3. Preparation on OJK General Audit
11 7 Feb 2023 1. OJK Entry Meeting √ √ √ √ - √
2. Update on Legal Case No. 555
3. FX Transfer via e-Channel
4. Others
12 9 Feb 2023 1. Financial Updates – as of February 7, 2023 √ √ √ √ - √
2. Discussion on Foreign Currency Transfer via
Internet Banking Business
3. Others
13 16 Feb 2023 1. Financial Updates – as of February 14, 2023 √ √ - √ √ √
2. Update on OJK Audit Findings 2023 - KC Sunset
Road & KCP Bali Denpasar
3. Appointment of Collaborative Analysis Working
Team related to Election
4. Update on Socialization of Personal Data
Protection (PDP) Regulations
5. Update on Information Preparation of Legal
Case No. 555
6. Others
14 23 Feb 2023 1. Financial Updates – as of February 21, 2023 - √ √ √ √ -
2. Business Performance Review – January 2023
3. Tax Update – January 2023
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202 Opening Business and Functional Review Financial Review
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You Zhu Setiawati Chandra Agresius R
No Date Meeting Agenda Junianto
Wennan Yong Samahita Siagian Kadiaman
15 2 Mar 2023 1. Financial Updates – as of February 28, 2023 - √ √ √ √ √
2. Impact from Tax ‘Benefit in kind’ to Staff Cost &
Staff Income Tax
3. Update on Customer's Complaint
4. Monthly AML report
5. OJK response on 2023-2025 CCBI Business Plan
16 6 Mar 2023 1. Financial Updates – as of March 3, 2023 √ √ √ √ √ √
2. Impact from Tax ‘Benefit in kind’ to 2022 Staff
Income Tax/SPT & 2023 Staff Costs
3. Update on OJK Audit findings
4. Others
17 9 Mar 2023 1. Financial Updates – as of March 7, 2023 √ √ √ √ √ √
2. Discussion on Cars Sales Plan
18 13 Mar 2023 1. Financial Updates – as of March 10, 2023 √ √ √ - √ √
2. Discussion on Cars Sales Plan
3. Others
19 16 Mar 2023 1. Financial Updates – as of March 15, 2023 √ √ √ √ √ √
2. Others
20 20 Mar 2023 1. Financial Updates – as of March 17, 2023 √ √ √ - √ √
2. Update on OJK Audit Findings
3. Update on Legal Case 555
4. Others
21 24 Mar 2023 Financial Updates – as of March 21, 2023 √ √ √ - - √
22 27 Mar 2023 1. Financial Updates – as of March 24, 2023 √ √ - √ √ √
2. Others
23 30 Mar 2023 1. Financial Updates – as of March 29, 2023 √ √ √ - √ √
2. Update on Branch Relocation
3. Update on OJK Audit Findings
24 3 Apr 2023 1. Financial Updates – as of March 31, 2023 √ √ √ √ √ √
2. Business Performance Review – February 2023
3. Tax Update – February 2023
4. Update or Car Sales Progress
25 5 Apr 2023 1. Financial Updates – as of April 4, 2023 √ √ √ √ √ √
2. Update on OJK Letter
3. Others
26 10 Apr 2023 1. Financial Updates – as of April 6, 2023 √ √ √ √ √ √
2. Others
27 13 Apr 2023 1. Financial Updates – as of April 12, 2023 √ √ √ √ √ √
2. Update on OJK Audit Findings
3. Information on PPATK Audit
28 17 Apr 2023 1. Financial Updates – as of April 14, 2023 √ √ √ √ √ √
2. Others
29 27 Apr 2023 1. Financial Updates – as of April 26, 2023 √ - √ - √ √
2. Discussion on Legal Case No. 555
30 4 May 2023 1. Financial Updates – as of May 3, 2023 √ - √ √ √ √
2. Update on Legal Case No. 555
3. Presentation on PP. No 10/2023 concerning
Tariffs on Types of Non-Tax State Revenue
31 8 May 2023 1. Financial Updates – as of May 5, 2023 √ √ √ √ √ √
2. Information on Entry Meeting of Joint Audit
3. Update on Legal Case No. 555
4. Others
32 11 May 2023 1. Update on OJK Audit Findings √ √ √ √ √ √
2. Update on Joint Audit
3. Financial Updates – as of May 5, 2023
4. Update on Legal Case No. 555
33 12 May 2023 Update on Legal Case No. 555 √ √ √ √ √ √
Page 203
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No Date Meeting Agenda Junianto
Wennan Yong Samahita Siagian Kadiaman
34 15 May 2023 1. Financial Updates – as of May 12, 2023 √ √ √ - √ √
2. Business Performance Review – April 2023
3. Tax Update – April 2023
4. Discussion on Revised RBB 2023 – 2025
5. Others
35 22 May 2023 Financial Updates – as of May 19, 2023 √ √ √ √ √ √
36 29 May 2023 1. Financial Updates – as of May 19, 2023 √ √ √ √ √ √
2. Update on OJK Audit Findings
3. Update on Legal Case No. 555
37 5 Jun 2023 1. Financial Updates – as of May 31, 2023 √ √ √ √ √ -
2. Update on Legal Case No. 555
3. Others
38 8 Jun 2023 1. Financial Updates – as of June 7, 2023 √ √ √ - √ √
2. Update on Revised RBB 2023 – 2025
3. Others
39 12 Jun 2023 1. Financial Updates – as of June 9, 2023 √ √ √ √ √ √
2. Monthly Performance Review – May 2023
3. Update on Joint Audit Progress
4. Update on Legal Case No. 555
5. Others
40 15 Jun 2023 1. Financial Updates – as of June 14, 2023 √ √ - √ √ √
2. Update on Audit Findings Progress
41 22 Jun 2023 1. Update on Legal Case No. 555 - √ - √ √ √
2. Financial Updates – as of June 21, 2023
3. Tax Update – May 2023
42 26 Jun 2023 1. Financial Updates – as of June 23, 2023 √ - - √ √ √
2. Update on OJK Audit Findings
3. AML Periodic Training I / 2023
4. Others
43 3 Jul 2023 1. Financial Updates – as of June 30, 2023 - √ - √ √ √
2. Update on Exit Meeting of AML-CFT Audit
3. Others
44 6 Jul 2023 1. Update on Legal Case No. 555 - √ - √ √ √
2. Financial Updates – as of July 5, 2023
45 10 Jul 2023 Financial Updates – as of July 7, 2023 - √ √ √ √ √
46 13 Jul 2023 Financial Updates – as of July 12, 2023 √ √ √ - - √
47 17 Jul 2023 1. Financial Updates – as of July 14, 2023 - √ √ √ √ -
2. Monthy Performance Review – June 2023
3. Tax Updates – June 2023
48 20 Jul 2023 1. Financial Updates – as of July 18, 2023 - √ √ √ √ -
2. Discussion on Fraud Case
49 24 Jul 2023 1. Financial Updates – as of July 21, 2023 √ √ √ √ - √
2. Others
50 27 Jul 2023 1. Financial Updates – as of July 26, 2023 √ √ √ √ - √
2. Information on OJK Invitation Letter
3. Update on Legal Case
51 31 Jul 2023 1. Financial Updates – as of July 28, 2023 √ √ √ √ - -
2. Update on Legal Case
52 3 Aug 2023 1. Information on OJK Letter related to AML – CFT √ √ √ - √ √
2. Update on Audit Findings Progress
3. Financial Updates – as of July 31, 2023
53 7 Aug 2023 1. Financial Updates – as of August 4, 2023 √ √ √ √ √ √
2. Tax Updates
54 10 Aug 2023 1. Financial Updates – as of August 9, 2023 √ √ √ √ √ √
2. Update on OJK Audit
Page 204
204 Opening Business and Functional Review Financial Review
Corporate Governance
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No Date Meeting Agenda Junianto
Wennan Yong Samahita Siagian Kadiaman
55 14 Aug 2023 1. Update on EY Kick Off Meeting √ √ √ √ - √
2. Financial Updates – as of August 11, 2023
3. IT Weekly Updates
4. Monthly Performance Review – July 2023
56 21 Aug 2023 1. Financial Updates – as of August 18, 2023 √ √ √ - - √
2. IT Weekly Updates
3. Others
57 24 Aug 2023 1. Financial Updates – as of August 23, 2023 √ √ √ √ - √
2. Estimation on NPL Settlement 2023
3. Update on AML Assessment Consultant
4. Update on Legal Case
5. Others
58 31 Aug 2023 1. Financial Updates – as of August 30, 2023 √ - √ √ - √
2. Update on OJK Audit
59 4 Sep 2023 1. Financial Updates – as of August 31, 2023 √ √ √ - - √
2. IT Weekly Updates
3. Others
60 7 Sep 2023 1. Financial Updates – as of September 6, 2023 √ √ √ - √ √
2. Others
61 11 Sep 2023 1. Financial Updates – as of September 8, 2023 √ √ √ - √ √
2. Draft Financial Forecast for RBB 2024 – 2026
62 18 Sep 2023 1. Financial Updates – as of September 15, 2023 √ √ √ √ - √
2. Discussion on RPIM
3. Update on OJK Audit at Solo Branch
4. IT Weekly Update
5. Update on Case in Rawamangun Branch
6. Others
63 21 Sep 2023 1. Financial Updates – as of September 20, 2023 √ √ √ √ √ √
2. Tax Update (2019 SP2DK)
3. Update on Legal Case
64 26 Sep 2023 1. OJK New Regulations of AML, CFT & CPF √ - √ √ √ √
2. Financial Forecast for RBB 2024 – 2026
3. Financial Updates – as of September 20, 2023
4. Monthly Performance Review – August 2023
5. Tax Update
6. IT Weekly Update
7. Others
65 2 Oct 2023 1. Draft RBB 2024 – 2026 √ - √ √ √ -
2. Financial Updates – as of September 30, 2023
3. Others
66 9 Oct 2023 1. Financial Updates – as of September 30, 2023 √ √ √ √ - √
2. Financial Updates – as of October 6 2023
3. Update on OJK Audit Findings
4. IT Weekly Update
5. Others
67 16 Oct 2023 1. Financial Updates – as of October 13, 2023 √ √ √ √ √ √
2. IT Weekly Update
3. Preparation of Additional Information for the
Use of Foreign Workers Plan
4. Others
68 19 Oct 2023 1. Financial Updates – as of October 18, 2023 √ √ √ - √ √
2. Discussion on RBB 2024 – 2026
69 23 Oct 2023 1. Financial Updates – as of October 13, 2023 √ √ √ √ √ √
2. Monthly Performance Review – September
2023
3. Tax Updates
4. Update on Fraud Case in Rawamangun Branch
5. IT Weekly Update
70 26 Oct 2023 1. Financial Updates – as of October 25, 2023 √ √ - √ √ √
Page 205
Corporate Governance Corporate Information Financial Statement Annual Report 205
Corporate Governance
You Zhu Setiawati Chandra Agresius R
No Date Meeting Agenda Junianto
Wennan Yong Samahita Siagian Kadiaman
71 30 Oct 2023 1. Financial Updates – as of October 27, 2023 √ √ - √ √ √
2. Information from the results of OJK Focus Group
Discussion (FGD)
3. Others
72 2 Nov 2023 1. Financial Updates – as of October 31, 2023 √ √ √ √ √ -
2. Update Progress on Tax ID
73 6 Nov 2023 1. Financial Updates (month end) – as of October √ √ √ √ √ -
31, 2023
2. Financial Updates – as of November 3, 2023
3. IT Weekly Update
4. Update on Rawamangun Case
5. Discussion on Closure of Cirebon Branch
74 9 Nov 2023 1. Financial Updates – as of November 8, 2023 √ √ √ √ - √
2. Update on Fraud Case at Melinda Hospital
Branch
3. Update on Plaza Asia Case
4. Update on LPS New Regulations
5. Others
75 13 Nov 2023 1. Financial Updates – as of November 10, 2023 √ - √ √ √ -
2. Information on CIPS
3. Others
76 16 Nov 2023 1. Financial Updates – as of November 15, 2023 √ √ - √ √ √
2. IT Updates
3. Update on AML, CFT and CPF Report
4. Others
77 20 Nov 2023 1. Financial Updates – as of November 17, 2023 √ √ - √ √ √
2. Business Performance Review – October 2023
3. Tax Updates
4. IT Weekly Update
5. Others
78 27 Nov 2023 1. Financial Updates – as of November 24, 2023 √ √ √ √ √ √
2. Discussion on New Organizational Structure
3. IT Weekly Update
4. Others
79 29 Nov 2023 1. Update on Capability Review Report by BDO √ √ √ √ - √
(AML Consultant)
2. Update on Legal Case No. 428
3. Others
80 30 Nov 2023 1. Update on Risk Management Certification √ √ √ √ √ -
81 4 Dec 2023 1. EY Audit Progress √ √ √ √ √ -
2. 2023 Full Year Financial Projection
3. IT Weekly Update
4. Others
82 12 Dec 2023 1. Financial Updates – as of December 11, 2023 √ √ √ √ √ -
2. Update on Training from CCB Malaysia
3. Discussion on UBO Determination
4. Update on New Tax ID / NPWP
5. IT Weekly Update
83 18 Dec 2023 1. Financial Updates – as of December 15, 2023 √ √ √ √ √ √
2. Others
84 21 Dec 2023 1. Financial Updates – as of December 20, 2023 √ √ √ - √ √
2. Business Performance Review – November 2023
3. Tax Updates
4. Plan of Annual Meeting in 2024
Information :
√ : Present at the meeting, - : Not present at the meeting, TC : Via teleconference
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206 Opening Business and Functional Review Financial Review
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Meeting of the Board of Directors with the Board of Commissioners
During 2023, the Board of Directors held meetings with the Board of Commissioners 3 (three) times.
No Date Meeting Agenda Attended by
1 18 January 2023 Discussion of Main Points from OJK regarding the Bank’s Business Plan Mohamad Hasan
Yudo Sutanto
You Wennan
Setiawati Samahita
Zhu Yong
Junianto
Agresius R. Kadiaman
2 11 April 2023 1. Bank Strategic Business Plan Sun Jianzheng
2. Bank Strategic Actions Qi Jiangong
3. Update on Legal Case No. 555 Mohamad Hasan
Yudo Sutanto
You Wennan
Setiawati Samahita
Zhu Yong
Junianto
Chandra N.T. Siagian
Agresius R. Kadiaman
3 17 November 2023 1. Update on AML, CFT and CPF Regulation Sun Jianzheng
Qi Jiangong
Mohamad Hasan
Yudo Sutanto
You Wennan
Zhu Yong
Junianto
Chandra N.T. Siagian
Agresius R. Kadiaman
Training attended by members of the Board of Directors during 2023, including:
Name Training Date Organizer/Location
You Wennan Online Training - Risk Management Refreshment Batch 1 1 February 2023 KOVIDA
Risk Management Refreshment Level 7 27 December 2023 Bintang Solusi Laras - I Nyoman Duari
Zhu Yong Online Training - Risk Management Refreshment Batch 1 1 February 2023 KOVIDA
Workshop “Management Training” 25 – 30 June 2023 CCB Corporation
Risk Management Refreshment Level 7 27 December 2023 Bintang Solusi Laras - I Nyoman Duari
Setiawati Samahita Online Training - Risk Management Refreshment Batch 1 1 February 2023 KOVIDA
Hybrid Training - Leadership Directorate of Commercial 13 February 2023 Remaja Talenta Indonesia
and Retail Banking
Offline Training - Personal Data Protection 22 February 2023 Kementerian Komunikasi dan Informasi
Health Talk: Heart Disease and Solutions 25 August 2023 Asuransi ACA dan RS Brawijaya
Risk Management Refreshment Level 7 27 December 2023 Bintang Solusi Laras - I Nyoman Duari
Junianto Online Training - Risk Management Refreshment Batch 1 1 February 2023 KOVIDA
Online Training - Risk Weighted Assets (RWA) Operational 8 February 2023 RMG
Risk using the Standard Approach in calculating the KPMM
ratio, as an implementation of SEOJK Number 6/
SEOJK.03/2020 Batch 1
Rederining Human Capital: Inspiring People to Take Action 19-20 June 2023 Indonesia HR Summit/Bali Nusa Dua
Convention Center
Risk Management Refreshment Level 7 27 December 2023 Bintang Solusi Laras - I Nyoman Duari
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Corporate Governance
Name Training Date Organizer/Location
Chandra Siagian Online Training - Risk Management Refreshment Batch 1 1 February 2023 KOVIDA
Finance Directorate Team Building 21-22 October 2023 Lenirra Villa and Resto
How to Drive Corporate Performance through Accounting 9 November 2023 OJK Institute
Practices
Risk Management Refreshment Level 7 27 December 2023 Bintang Solusi Laras - I Nyoman Duari
Agresius R. Financial Services Industry Outlook in 2023. 10 January 2023 OJK
Kadiaman Refreshment of Risk Management Certificate: Digital 1 February 2023 Risiko Manajemen Gagasan
Transformation and Its Implications on Risk Management
Risk Weighted Assets (RWA) Operational Risk Using the 8 February 2023 RMG
Standard Approach in calculating the Batch 1 KPMM ratio
Anti Money Laundering in the Digital Era: Lessons Learned 6 April 2023 OJK
from Selected Countries
Metaverse Opportunities in the Financial Services Industry 11 May 2023 OJK
Getting to Know More About the Regulations on the 22 June 2023 OJK
Financial Sector Development and Strengthening Law
(UU P2SK) in the Context of Strengthening the Banking
Sector
Implementation of Personal Data Protection Laws and 12 July 2023 FKDKP
Challenges to Their Implementation
2023 Training Session for Compliance Officers of Overseas 17 – 21 July 2023 CCB Corporation
Institutions
Socialization of Financial Services Authority Regulations on 19 September 2023 OJK
the Implementation of Governance for Commercial Banks
Socialization of the Resolution Plan and Premiums for the 1 – 2 November 2023 Lembaga Penjamin Simpanan (LPS)
Banking Restructuring Program (PRP) Deposit Insurance Agency (LPS)
Risk Management Training for Overseas Institutions 13 – 14 November 2023 CCB Corporation
Online Training - Refreshment Manajemen Risiko Level 7 27 December 2023 Bintang Solusi Laras
Company Policy on the Evaluation of Directors' Performance and Its Implementation
• Procedure for Assessing the Performance of the Board of Directors
1. The performance of the Board of Directors is assessed based on specific criteria recommended by the Remuneration and
Nomination Committee.
2. The results of the Board of Directors' performance assessment is disclosed in the Annual Report and presented at the Annual
General Meeting of Shareholders.
• Criteria Used
The criteria for evaluating the performance of the Board of Directors include, but are not limited to:
1. Achievement of business targets,
2. Achievement of short-term and long-term company plans,
3. Achievement of budgets and revenues,
4. Achievement of OJK Ratings targets related to Good Corporate Governance and the Bank's Health Level.
• Assessing Parties
The parties responsible for evaluating the performance of the Board of Directors are the Board of Commissioners and the Annual
General Meeting of Shareholders (RUPS). Subsequently, the Board of Directors and the Board of Commissioners will be held accountable
for their performance achievements in the 2023 period, including the implementation of duties and responsibilities of the Board of
Commissioners and the Board of Directors at the Annual General Meeting of Shareholders held in 2023.
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208 Opening Business and Functional Review Financial Review
Corporate Governance
Subsidiary Committees under the Board of Assessment of the Performance of Committees
Directors Supporting the Execution of the Board of Directors'
Duties
As of the end of 2023, there are 6 (six) committees in CCB Indonesia,
consisting of: The performance of the Risk Management Committee, Credit Policy
Committee, ALCO Committee, Information Technology Steering
Asset and Liability Committee (ALCO) Committee, Credit Committee, and Human Capital Committee is
evaluated based on the following procedures and criteria:
The Asset and Liability Committee is responsible for managing the 1. The performance of each Committee supporting the execution
Bank's assets and liabilities. More broadly, ALCO also has the task of the Board of Directors' duties is periodically evaluated by
of managing liquidity, interest rate management, foreign exchange the Board of Directors.
management, investment management, and gapping management. 2. The criteria for evaluating the performance of each committee
include, but are not limited to:
Risk Management Committee a. Achievement and conduct of committee meetings,
b. Attendance of each committee member,
The Risk Management Committee assists the Board of Directors in c. Administrative orderliness,
reviewing policies and delegating responsibilities to determine d. Success of decisions made during committee meetings.
policies and procedures, and ensuring that business units have
properly implemented the strategies approved by the Board of Implementation of Compliance Function
Directors.
CCB Indonesia is committed to complying with applicable laws
Credit Policy Committee and regulations, both issued by Bank Indonesia and other authorities.
The implementation of the Compliance Function at CCB Indonesia
This Committee assists the Board of Directors in formulating policies, refers to Financial Services Authority Regulation No. 46/POJK.03/2017
monitoring the development and condition of the credit portfolio, dated July 12, 2017 concerning the Implementation of Compliance
and providing improvement measures. Functions for Commercial Banks.
Information Technology Steering Committee The Compliance Function includes actions to achieve Compliance
Culture at all levels of CCB Indonesia's organization and business
The Information Technology Steering Committee (IT) is tasked with activities; managing Compliance Risks faced; ensuring that policies,
managing and monitoring the Bank's use of Information Technology, provisions, systems, procedures, and business activities conducted
including providing recommendations to the Board of Directors regarding by the Bank has complied with Bank Indonesia regulations, as well
the formulation of IT Strategic Plans aligned with the Bank's Strategic as the applicable laws and regulations; ensuring the Bank's compliance
Plans, formulation of IT policies and procedures, IT risk management, with commitments made by CCB Indonesia to the Financial Services
and monitoring the compliance of approved IT projects with IT Strategic Authority, Bank Indonesia, and/or other relevant supervisory authorities.
Plans and user needs to support Bank's business activities.
CCB Indonesia has established Compliance Policy and General
Credit Committee Guidelines as well as Compliance Function Implementation Guidelines.
The Credit Committee is responsible for approving credits or credit In accordance with Article No. 46/POJK.03/2017 dated July 12, 2017
extensions up to the credit limits determined by the Board of concerning the Implementation of Compliance Functions, the Bank
Directors and maintaining the quality of the credits provided so is required to have a Director overseeing the Compliance Function
that the determination of credit quality and the formation of and to establish a Compliance Work Unit.
provisions for productive assets are carried out in accordance with
the bank's prudential principles. The obligation to have a Director overseeing the Compliance Function
has been fulfilled by appointing Mr. Agresius R. Kadiaman as Compliance
Human Capital Committee Director through the Annual General Meeting of Shareholders dated
January 7, 2019. Based on the Decree of OJK Commissioner No. KEP-
The Human Capital Committee is tasked with recommending 17/D.03/2019 dated January 31, 2019, and OJK Letter No. SR-32/
improvements to HR policies, establishing a company code of ethics, PB.12/2019 dated February 1, 2019, the appointment of Mr. Agresius
proposing current year performance bonus budgets, mass employee R. Kadiaman as Compliance Director of CCB Indonesia has been approved
salary adjustments, approving deviations from provisions related to HR. by the OJK. The appointment became effective on February 6, 2019.
All Committees formed under the Board of Directors have established Furthermore, based on the Annual General Meeting of Shareholders
Work Guidelines as references for each Committee in its role of (RUPS) dated May 14, 2019, it was decided that the RUPS approved
assisting the Board of Directors. the reappointment of members of the Board of Directors and members
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Corporate Governance Corporate Information Financial Statement Annual Report 209
Corporate Governance
of the Board of Commissioners of the Company for the term commencing - Establishing necessary measures while adhering to the principle
from the close of the meeting until the closing of the Company's of prudence
Annual General Meeting of Shareholders for the 2023 fiscal year. - Monitoring, maintaining, and ensuring that the Bank's activities
do not deviate from regulations
The Appointment, and Resignation of the Director overseeing the - Monitoring and ensuring the Bank's compliance with all
Compliance Function have been in accordance with applicable provisions. agreements and commitments made by the Bank to the
Financial Services Authority and other authorized regulatory
The Director overseeing the Compliance Function has submitted bodies.
quarterly reports on the implementation of his duties and responsibilities
to the President Director, with copies to the Board of Commissioners, Administrative Sanctions
and semi-annually to the Financial Services Authority, with copies
to the President Director and the Board of Commissioners. • Administrative sanctions imposed on the Company
In 2023, there were still several reporting-related sanctions
The Bank has established Compliance Division, which include the imposed by the Regulator on CCB Indonesia. In response to
AML CFT Transaction Analysis & Reporting Section and the Compliance the non-compliance, the Bank has made corrections and
AML CFT Policy & Advisory Section, which are formed independently, established follow-up measures to ensure that similar non-
meaning they are formed separately and free from the influence of compliance does not occur again.
other work functions, and have direct access to the Director overseeing
the Compliance Function. The Compliance Division is established at • Administrative sanctions imposed on members of the
the Bank's headquarters but implements Compliance Functions Board of Commissioners
throughout the Bank's office network. Additionally, within the In 2023, no administrative sanctions were imposed on members
organizational structure of the Compliance Directorate, the Corporate of the Board of Commissioners of the Company.
Policy, Guidelines & Procedures Division has also been established.
• Administrative sanctions imposed on members of the
The Bank has provided quality human resources in the Compliance Board of Directors
Division to carry out tasks effectively. In 2023, no administrative sanctions were imposed on members
of the Board of Directors of the Company.
The Compliance Director and Compliance Division have established
policies and guidelines to ensure the compliance, adequacy, and Implementation of the Internal Audit
effectiveness of the compliance function's role throughout the
bank's organizational structure.
Function
Based on Financial Services Authority Regulation No. 1/POJK.03/2019
The Bank has made improvements by enhancing the implementation dated January 28, 2019 regarding the Implementation of the Internal
of the Anti-Money Laundering (APU), Prevention of Terrorism Audit Function in Commercial Banks, CCB Indonesia has established
Financing (PPT), and Prevention of Funding for the Proliferation of the Internal Audit Unit (SKAI), which is an independent functional
Weapons of Mass Destruction (PPPSPM) programs through the unit from operational units and reports directly to the President
provision of AML System outside core banking, improvements and Director.
refinements to all Policies, Guidelines, and SOPs (KSOPs), as well as
updating KSOPs in connection with the application of new regulatory The organizational structure of the Bank's Internal Audit Unit (SKAI)
provisions and the Bank's business developments. is in accordance with applicable regulations.
The increased role of the compliance function is continuously CCB Indonesia has established Policies and General Audit
carried out to assist the bank's compliance improvement process, Guidelines, an Internal Audit Charter, and is equipped with
reflected in efforts made, among others, through the issuance of several Standard Operating Procedures (SOPs), including
compliance news, compliance opinions, compliance reviews, Operational Audit SOPs, Credit Audit SOPs, Treasury Audit SOPs,
compliance checklists, compliance campaigns, bank regulation Trade Financing Audit SOPs, and Information Technology Audit
socialization, as well as acting as liaison officers to the Financial SOPs.
Services Authority, Bank Indonesia, and other regulators.
CCB Indonesia provides quality resources to the Internal Audit
The level of compliance of the Bank with all applicable Division to effectively carry out its tasks.
regulations and laws as well as the fulfillment of
commitments with the relevant authorities • Mr. Erwin Ruchiawan has been led SKAI since September 23,
2022, as Acting Head. The appointment as the Acting Head of
The Bank has ensured compliance with the regulations of the SKAI has been reported to the Financial Services Authority
Financial Services Authority, Bank Indonesia, and applicable laws through letter No. 294/CCBI/DDIR-OJK/IX/2022 dated September
and regulations, including by: 29, 2022.
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210 Opening Business and Functional Review Financial Review
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Rita Fitria
Internal Audit Head (SKAI)
• Effective since May 24, 2023, SKAI is led by Ms. Rita Fitria. ▪ Internal Audit Manager of Treasury Division (02/11/2015-
01/02/2017)
Education: ▪ Compliance Manager of Treasury Division (20/01/2014-
• 2008-2009 Quensland University of Technology (QUT) Master 01/11/2015)
of Business Advanced (International Business) ▪ Compliance Manager of Business Banking and International
• 1996 – 2000 Syahkuala University Bachelor of Accounting Transaction (01/01/2012-19/01/2014)
▪ Compliance Development Manager (11/11/2011-
Certifications: 31/12/2012)
1. Brevet CAP (Credit Application Package) ▪ Manager of Business Banking, Treasury and International
2. Brevet Corporate Finance Policy (11/02/2010-10/11/2011)
3. Brevet Global Business ▪ Internal Audit Division (03/09/2002-01/02/2008)
4. ISO 9001:2015 (Quality Management System) • The termination of Mr. Erwin as Acting Head of the Internal Audit
5. ISO 30301:2019 (Record Management) Division has been reported to the Financial Services Authority
6. ISO 37001:2016 (SMAP) through letter No. 087/CCBI/DDIR-OJK/IV/2023 dated April 13, 2023.
7. Procurement Certification (LKPP) • The appointment of Ms. Rita Fitria as Head of the Internal Audit
8. Certified Banking Internal Audit (CBIA) Level Supervisor Division has been reported to the Financial Services Authority
9. Certified Banking Internal Audit (CBIA) Level Auditor through letter No. 126/CCBI/DDIR-OJK/V/2023 dated May 26, 2023.
10. Compliance Certification
11. Risk Management Certification Level 1 Effectiveness and scope of internal audit in assessing
12. Risk Management Certification Level 2 all aspects and elements of the Bank's activities
Experience: The Internal Audit Division is responsible for conducting
1. Quensland University of Technology Indonesia Community independent and effective examinations of all aspects and elements
(QUIC) (2017- 2021) Vice President QUIC of activities that are directly expected to affect the interests of
2. Prasetya Mulya University (July 2016 – present) the Bank and the public.
Part-Time Lecturer of Business School (Treasury Management)
3. Ikatan Auditor Intern Bank (IAIB) The results of the Internal Audit Division's examination, along with
a. Manage Certification of Certified Banking Internal Auditor its follow-up recommendations, are reported directly to the President
(CBIA) for Auditor Level and Supervisor Level. Director and the Board of Commissioners represented by the Audit
b. Provide Certified Banking Internal Auditor (CBIA) Training Committee, with a copy to the Director Overseeing Compliance
of Auditor Level and Supervisor Level. Functions. Subsequently, the Board of Commissioners will oversee
4. The Institute of Internal Auditors (IIA) Indonesia and confirm that management has taken necessary corrective
Provide training of Internal Audit Training for Financial Service actions based on the examination results.
Authority (OJK)
5. InfoBank Institute CCB Indonesia maintains effective and efficient execution of internal
Provide training of Anti Money Laundering control systems by closely monitoring the outcomes of follow-up
6. PT Bank Negara Indonesia (Persero) Tbk actions implemented by the auditee. In the absence of follow-up
▪ Internal Audit Manager of Business Banking (01/01/2020- actions, the Internal Audit Division will verify with the relevant party
May 2023) and issue an internal memo for further action. Supervisory procedures
▪ Internal Audit Manager of Procurement and Fixed Asset have been consistently applied, fostering a supportive atmosphere
(02/02/2017-30/12/2020) for internal control endeavors.
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Corporate Governance
In addition to conducting auditing activities, the Internal Audit The Board of Commissioners has recommended the Public Accounting
Division consistently acts as a consultant to internal parties at CCB Firm "Purwantono, Sungkoro & Surja" (a member of Ernst & Young)
Indonesia who require assistance, particularly regarding internal to audit the CCB Indonesia's financial statements for the 2023 fiscal
control systems. year, as stated in the Circular Decision Statement of the Board of
Commissioners No. 010/DKOM/MI/IV/2023 dated April 11, 2023.
The Board of Directors of CCB Indonesia is responsible for creating
the internal control structure and ensuring the functioning of CCB The Annual General Meeting held on June 6, 2023, approved the
Indonesia's internal audit function at every management level. appointment of the Public Accounting Firm "Purwantono, Sungkoro
Every Examination Result Report (LHP) reported to the President & Surja" (a member of Ernst & Young) to audit the Company's
Director is circulated to all Directors with a copy to the Audit financial statements for the 2023 fiscal year.
Committee. With this mechanism, every finding will be brought to
the attention of management and promptly addressed according The appointment of the Public Accounting Firm has been reported
to their respective areas. to the OJK Banking Supervisory Authority through letter No. 143/
CCBI/DDIR-OJK/VI/2023 dated June 15, 2023.
The internal oversight function by the Internal Audit Division is
conducted using systematic audit methods and a risk-based audit The appointed Public Accountant and Public Accounting Firm,
approach, prioritizing supervision on processes or units with higher namely "Purwantono, Sungkoro & Surja" (a member of Ernst &
risks. Young), is registered as the auditor of the Bank with the Financial
Services Authority, with No. STTD.KAP-03/PM.22/2018 dated January
Overall, during 2023, the implementation of the internal oversight 15, 2018.
function has been satisfactory.
The auditor performs its duties objectively. The Audit of the Financial
During the COVID-19 pandemic, audits of auditees were conducted Statements ending on December 31, 2023, was conducted based
in a hybrid manner, combining remote audits and on-site audits on employment agreement No. 0009/PSS/06/2023 dated June 7,
according to the Internal Audit Division's 2023 Audit Plan. 2023.
The Bank periodically reviews the effectiveness of the Internal The Public Accountant conducts independent audits, complies
Audit implementation and its compliance with the Standards for with professional standards for public accountants and employment
Implementing the Internal Audit Function of Commercial Banks agreements, and the audit scope set, and has communicated with
by external parties every three years. The last report of the review the Financial Services Authority regarding the audited Bank's
results was reported to the Financial Services Authority through conditions for audit preparation and implementation.
letter No. 210/CCBI/DDIR-OJK/VIII/2023 dated August 25, 2023.
The implementation of the Audit Service Provision by the Public
Implementation of External Auditor Function Accounting Firm "Purwantono, Sungkoro & Surja" (a member of
Ernst & Young) to audit the CCB Indonesia's financial statements
In accordance with the Financial Services Authority's regulations for the 2023 fiscal year will be evaluated by the Audit Committee,
regarding the Use of Public Accountant and Public Accounting and the results will be reported to the OJK.
Firm Services in Financial Services Activities as stipulated in POJK
No. 9 of 2023 and OJK Circular Letter No. 18/SEOJK.03/2023, the Implementation of Risk Management including
Bank appoints Public Accountants and Public Accounting Firms Internal Control Systems
registered with the Financial Services Authority to audit the Annual
Financial Statements. The Bank has an adequate organizational structure to support the
implementation of risk management and internal control, including
The appointment of Public Accountants and Public Accounting the establishment of the Internal Audit Division, Risk Management
Firms to audit the Company's financial statements for the 2023 Division, Risk Management Committee, Risk Monitoring Committee,
fiscal year is made based on recommendations from the Audit and Compliance Division.
Committee to the Board of Commissioners.
a. Active Oversight by the Board of Commissioners and the
The Audit Committee has recommended the appointment of Public Board of Directors
Accountants and Public Accounting Firms to the AGM through the The Bank has defined clear authority and responsibilities at
Board of Commissioners. The recommendation was conveyed through each level of position related to the implementation of Risk
Internal Memo No. 006/MI/KA/III/2023 dated March 21, 2023. Management.
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212 Opening Business and Functional Review Financial Review
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The Board of Commissioners plays an active role in overseeing - Internal Capital Adequacy Assessment Process (ICAAP)
the implementation of risk management, including: Guidelines
- Approving and evaluating Risk Management policies, - Risk-Based Bank Health Level Guidelines
including strategies and Risk Management frameworks. - Asset & Liability Management (ALMA) Guidelines
- Evaluating the accountability of the Board of Directors and - Business Continuity Management (BCM) and Business
providing guidance for improvements in the periodic Continuity Plan (BCP) Guidelines
implementation of Risk Management policies. - New Product and Activity Guidelines
- CKPN Guidelines
In overseeing the implementation of risk management, the - Implementation Guidelines for The Three Lines of Defense
Board of Commissioners is assisted by the Risk Monitoring (3LD)
Committee. - Interest Rate Risk in The Banking Book Guidelines
- Information Technology Policy and General Guidelines
The active role of the CCB Indonesia Board of Directors is
demonstrated by: c. Adequacy of Risk Identification, Measurement, Monitoring,
- Developing, evaluating, and updating Risk Management and Control Processes and Risk Management Information
policies, including strategies and Risk Management System
frameworks. CCB Indonesia has implemented risk management policies
- Ensuring that the Risk Management function is applied aimed at ensuring that risks arising from its activities can
independently. be identified, measured, monitored, managed, and reported,
- Developing, establishing, and updating procedures and ultimately benefiting shareholders and the public. To
tools for identifying, measuring, monitoring, and controlling achieve this goal, the bank has formed a Risk Management
risks. Committee and a Risk Management Division tasked with
- Being responsible for the implementation of Risk Management establishing Risk Management Policies to address emerging
and evaluating and providing guidance based on reports risks, improve, and enhance the implementation of Risk
submitted by the Risk Management Function, including Management.
risk profile reports.
- Ensuring the implementation of corrective measures for Essentially, the risk management process is carried out by
issues or deviations in the bank's operations identified by each unit, considering that the risks faced are individual risks
the Internal Audit Division. inherent in the products, transactions, and processes of the
- Cultivating a Risk Management culture, including risk respective units. To assist in managing risk management, CCB
awareness at all levels of the organization. Indonesia has established a Risk Management Function
responsible for monitoring the implementation of risk
In ensuring the proper implementation of risk management, management policies approved by the Board of Directors
the Board of Directors is assisted by the Risk Management and periodically reviewing the risk management process,
Committee. including assessing any proposals for new products and
activities.
Efforts to enhance the implementation of risk management
are periodically discussed in Board of Commissioners Meetings, The implementation of Risk Management at CCB Indonesia
Committee Meetings, and/or Board Meetings. includes active management oversight, policy implementation,
procedures, and limit setting. The bank has also identified,
b. Adequacy of Policies, Procedures, and Limit Setting measured, monitored, and controlled risks and implemented
The Bank has adequate policies, procedures, and risk limit risk control systems.
settings to support the implementation of risk management,
including: In the context of risk management processes, the Risk
- Risk Management Policy and General Guidelines Management Division has prepared a Risk Profile Report
- Risk Profile Guidelines using methods in accordance with the Financial Services
- Strategic Risk Guidelines Authority regulations on the Implementation of Risk
- Compliance Risk Guidelines Management for Commercial Banks as regulated in FSA
- Legal Risk Guidelines Regulation No. 18/POJK.03/2016 and FSA Circular Letter No.
- Reputation Risk Guidelines 34/SEOJK.03/2016.
- Liquidity Risk Guidelines
- Market Risk Guidelines The mechanism for assessing risk profile reports involves
- Operational Risk Guidelines determining risk levels and ratings referring to and aligned with
- Credit Risk Guidelines the assessment of Bank Health Level based on risk or Risk-Based
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Corporate Governance Corporate Information Financial Statement Annual Report 213
Corporate Governance
Bank Rating (RBBR) and other relevant Financial Services Authority Risk Management Division oversees operational risk
regulations. The risk profile report is prepared periodically and management in the Bank by coordinating with departments
then reported to the Board of Directors for discussion in the to address material operational risk issues so that these
Risk Management Committee. risks can be controlled early on.
Regarding the COVID-19 pandemic during 2021, the bank The Bank's Policies and Procedures have been supplemented
continuously monitored the debtors' repayment capabilities with Operational Risk Management Policies to support
due to the impact of COVID-19 spread and committed to the implementation of operational risk management
supporting economic growth stimuli as per the Financial across all units. The Bank's Risk Management Process
Services Authority Regulation No.11/POJK.03/2020 dated includes the identification, measurement, monitoring,
March 16, 2020, regarding the National Economic Stimulus control, and determination of operational risk limits. The
Policy as Countercyclical Policy Impacts of the Spread of Bank continuously identifies operational risks inherent in
Coronavirus Disease 2019 (COVID-19) as amended several specific business lines. This is done by periodically assessing
times and most recently by Financial Services Authority parameters that affect the exposure of operational risks.
Regulation No. 17/POJK.03/2021. The Bank conducts stress In measuring operational risks, the Bank has accurate risk
testing on the credit portfolio periodically to determine the assessment methodologies, competent human resources,
impact of COVID-19 on the Bank's capital, profitability, and and adequate infrastructure systems to identify and collect
health level. operational risk data. Some assessment models include
the identification and measurement of operational risks
d. Comprehensive Internal Control System already owned by the Bank, including:
As a manifestation of the Bank's commitment to implementing a. Operational Risk Self-Assessment
Good Corporate Governance and applying risk management b. Operational Key Risk Indicators
in healthy and prudent banking practices, CCB Indonesia c. Operational Risk Incident Form
conducts comprehensive oversight functions that are
independent and objective. In principle, the implementation Bank wide, risk identification and measurement are
of the internal control system is carried out through inherent conducted on several key indicators that are considered
control mechanisms within each work unit, including direct to represent the operational risks of the bank. These
supervision by superiors over subordinates, compliance with indicators are grouped into five major categories: Business
standard operating procedures, and other internal control Characteristics and Complexity, Human Resources,
mechanisms. The oversight function ensures that the internal Information Technology and Supporting Infrastructure,
control system functions as intended, overseen by the Internal Fraud, and External Events. The ultimate result of this
Audit Division reporting directly to the CEO. identification and measurement is the bank's operational
risk profile, which is reported to the Financial Services
Internal oversight functions by the Internal Audit Division are Authority (OJK) every quarter.
conducted using systematic audit methods and a risk-based
audit approach, prioritizing oversight of processes or units with Risk Management Division continuously monitors both
higher risks. overall and loss event occurrences in the bank's core
activities, applying internal oversight and periodic
• Financial and operational controls, as well as compliance reporting on the consequences of Operational Risk.
with other regulatory requirements Mechanisms for operational risk mitigation include
internal control processes for information technology
The Bank's Operational Risk Management primarily aims process security, regular reviews of operational activities,
to minimize the negative impact of internal process Business Continuity Management development to ensure
failures, human errors, system failures, and/or external sustainable operations, and loss limits in the event of
events. business interruptions. The bank has developed an
Emergency Plan (Business Continuity Plan) along with
Governance & Organization in managing operational risks, its security management. The bank consistently
risk owners are responsible for the risks occurring in their implements an Anti-Money Laundering (AML) program,
respective departments. Risk control procedures are governed including the Know Your Customer (KYC) principle, in
by the Bank's comprehensive policies and procedures in line with operational risk exposure, outlined in written
each department. policies and procedures.
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214 Opening Business and Functional Review Financial Review
Corporate Governance
Additionally, the bank has implemented an Anti-Fraud been a restructuring, improvement, and updating of the
Strategy as a commitment to controlling fraud incidents General Policies and Guidelines, Guidelines, and Standard
through fraud risk management. Operating Procedures (SOP).
Internal controls in the bank's financial and operational During 2023 the Bank has issued new and revised internal provisions
activities are conducted from the initial process before with the following details:
engaging with customers and/or third parties, through
recording processes, to report preparation. Number of
Internal KSOP
Number issued Number
No Provision documents
The Bank operates based on the four-eyes principle, where (new) revised
Document until the end of
the bank officer inspecting transactions is different from 2023
the one executing them. 1 General 0 11 25
Policies and
Financial statements are prepared following Indonesian Guidelines
accounting standards, subsequently reported to regulators (KPU)
and disclosed to the public, adhering to regulatory 2 Guidelines 0 17 71
requirements and applicable laws. 3 Standard 2 28 72
Operating
To ensure compliance with regulatory requirements, the Procedure
(SOP)
compliance function documents the issuance of new
regulatory provisions or revisions to previous ones by: (i) Total 171
compiling compliance news and presenting it to the Board
of Directors and related divisions, (ii) identifying obligations Regarding the Coronavirus Disease 2019 (COVID-19) pandemic
arising from the aforementioned regulatory provisions and that occurred in 2020, the Bank implemented policies supporting
communicating them to the relevant divisions to fulfill said economic growth stimulus in accordance with Financial Services
obligations, (iii) assessing the impact on the bank's business Authority Regulation No. 11/POJK.03/2020 dated March 16, 2020,
activities and internal regulations, and determining whether regarding National Economic Stimulus as a Countercyclical Policy
adjustments to internal regulations are necessary, (iv) Impacting the Spread of Coronavirus Disease 2019 (COVID-19),
reviewing drafts of new internal regulations and/or revisions as amended several times and lastly with Financial Services
to internal regulations to ensure compliance with the latest Authority Regulation No. 17/POJK.03/2021. This was done by
regulatory provisions. issuing several internal provisions as implementation guidelines,
in the form of Director Circular Letters No. 005/SE-DIR/KP-JKT/
Furthermore, the bank's business activities, including III/2020 dated March 24, 2020, No. 007/SE-DIR/KP-JKT/IV/2020
but not limited to financial and operational areas, are dated April 6, 2020, regarding National Economic Stimulus by the
conducted following the policies and procedures OJK as a Countercyclical Policy Impacting the Spread of COVID-19,
established by the bank based on applicable regulatory No. 005/SE-DIR/KP-JKT/III/2021 dated March 31, 2021, regarding
requirements. National Economic Stimulus by the OJK as a Countercyclical Policy
Impacting the Spread of Coronavirus Disease 2019 based on POJK
• Review of the effectiveness of the internal control system No 48/POJK.03/2020 and POJK No 11/POJK.03/2020, and Director's
Decision No. 044/SK-DIR/KP-JKT/IX/2020 dated September 8,
Overall, the quality of the internal control system has shown 2020, Director's Decision No. 053/SK-DIR/KP-JKT/XI/2020 dated
satisfactory results. CCB Indonesia strives to operate the internal November 10, 2020, regarding the Formation of Task Force Teams
control system effectively and efficiently, and oversight procedures and Information System Monitoring Team for Relaxation/
have been consistently implemented, maintaining a supportive Restructuring of Debtor Impacts of COVID-19, and Director's
environment for internal control efforts. Significant internal Decision No. 055/SK-DIR/KP-JKT/X/2021 dated October 12, 2021,
auditor findings have been reported to the Financial Services regarding Extension of Task Force Team and Information System
Authority in accordance with applicable regulations. Additionally, Monitoring Team Period for Relaxation/Restructuring of Debtor
issues related to the adequacy of internal controls have been Impacts of Covid 19.
reported to management, and follow-up measures have been
taken to minimize risks. To ensure the optimal implementation of Standard Operating
Procedures (KSOP), the Bank has distributed KSOP to all Bank Offices
In order to strengthen the internal control system and according to their respective portions and conducted KSOP
comply with the Bank's Governance Structure, there has socialization to all Bank Offices.
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Corporate Governance Corporate Information Financial Statement Annual Report 215
Corporate Governance
Corporate Secretary
Andreas Basuki
Corporate Secretary
Corporate Secretary plays a crucial role in enforcing Good Corporate He began his career in the banking sector in 1990 at Mediabank
Governance practices at CCB Indonesia, especially regarding (a Kompas Gramedia group company) until April 1994, holding the
transparency, while also ensuring adherence to current capital position of Assistant Manager in Corporate Banking Division,
market regulations and guidelines. The appointment of Corporate primarily handling syndicated loans.
Secretary is intended to uphold CCB Indonesia's reputation and
safeguard its interests by nurturing effective communication and Then, from June to December 1994, he worked at Mitsubishi
relationships with stakeholders through diverse public relations Corporation (Representative Office in Jakarta) in Chemical Division,
initiatives. Additionally, Corporate Secretary serves as the liaison mainly dealing with imports and marketing.
between the Board of Directors and external parties, particularly
investors, the capital market community, and shareholders, in all In January 1995, he started working at Bank Windu Kentjana, where
communication matters. he held several positions, including Head of Credit Marketing
Division, Head of the Director's Office, and concurrently served as
The Primary Functions of Corporate Secretary are as follows: Head of Risk Management and Compliance. Following the merger
1. Acting on behalf of the Board of Directors in interactions with with PT Bank Multicor Tbk into PT Bank Windu Kentjana International
external entities, notably investors, the capital market community, Tbk ("Bank Windu"), he was appointed as Corporate Secretary in
pertinent institutions, and shareholders. January 2008, primarily responsible for ensuring compliance with
2. Monitoring the Company's compliance with capital market Capital Market and Indonesia Stock Exchange regulations, as well
regulations and provisions. as managing effective communication between the Company and
3. Assisting the Board of Directors and Board of Commissioners relevant authorities, investors, mass media, and the public.
in upholding adherence to the Articles of Association and
other regulatory requirements to support the Company's He held the same position following the merger of Bank Windu with
operations. Bank Antar Daerah ("Bank Anda") in November 2016, which resulted
4. Undertaking activities that support the implementation of in the formation of PT Bank China Construction Bank Indonesia Tbk
transparency principles, especially concerning CCB Indonesia's ("CCB Indonesia"). He was appointed as project manager for the
performance through communication with interested parties. corporate merger and acquisition between Bank Windu and Bank
Anda into CCB Indonesia in 2016.
Mr. Andreas Herman Basuki serves as Corporate Secretary of
CCB Indonesia. He resides in Jakarta and was born in November Pursuant to the Financial Services Authority Regulation (formerly
1964 in the same city. Bapepam LK) No. IX.I.4 on the Formation of Corporate Secretaries
and No. 35/POJK.04/2014 on Corporate Secretaries of Issuers or
He earned a Bachelor of Economics degree from Trisakti University Public Companies, he was appointed as Corporate Secretary through
Jakarta in 1990 and a Bachelor of Information Management from Appointment Decree No. 006/BM/SDM/SK-DIR/II/08 and Confirmation
Binus University (formerly STMIK Bina Nusantara) Jakarta in 1988. Letter No. 072/BW/SDM/KTP/XI/13.
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216 Opening Business and Functional Review Financial Review
Corporate Governance
In December 2013, he was also appointed as Chairman of the 12. Coordinating and supporting the preparation of the Bank's
Supervisory Board of Bank Windu's Pension Fund until now, with Business Plan (RBB) 2024-2026 and completing the submission
the determination of fit and proper assessment approval through to OJK by November 27, 2023.
OJK Commissioner Board Decision No. KEP-1020/NB.1/2014.
Training attended by Corporate Secretary during the year 2023
Implementation of Corporate Secretary's duties during the year includes:
2023 are as follows: 1. Webinar on "Banking Trends in 2023" by the Financial Services
1. Coordinating and handling the preparation of the 2023 Annual Authority Institute (OJK Institute) on January 17, 2023, in Jakarta.
Report and Sustainability Report in accordance with the new 2. Webinar on "Exploring Opportunities through Enhanced ESG
OJK Circular Letter No. 16/SEOJK.04/2021 format, completed Rating" by PT Indonesia Stock Exchange ("IDX") and
on time by April 17, 2023, and according to Capital Market PricewaterhouseCoopers ("PwC") on January 19, 2023, in Jakarta.
Supervisor regulations, including reporting to OJK, IDX, and 3. Webinar on "Socialization of OJK Circular Letter No. 33/
other external parties. SEOJK.04/2022 regarding Guidelines for the Implementation
2. Coordinating the preparation and reporting of the "Board of of Securities Offerings that are not Public Offerings" by the
Commissioners' Management and Supervision Report" for Bank Financial Services Authority and the Indonesian Issuers Association
Indonesia (BI) to be completed and reported by April 14, 2023. ("AEI") on January 31, 2023, in Jakarta.
3. Handling the preparation of the 2022 Annual Report to Bappebti 4. Webinar on "IFC and IDX ESG Collaboration Launch Event and
(Commodity Futures Trading Regulatory Agency) according to ESG Leadership Training" by PT Indonesia Stock Exchange ("IDX")
the new Bappebti regulations format on February 10, 2023. and the International Finance Corporation ("IFC") on March 16,
4. Coordinating the organization of the Annual General Meeting 2023, in Jakarta.
of Shareholders (AGM) in a hybrid manner, with limited physical 5. Webinar on "The Future of Sustainability Reporting: An Exclusive
attendance and also electronically using the eASY.KSEI application Forum for Regulators and Listed Companies in Indonesia" by
for e-Proxy, e-Voting, and zoom meeting broadcast on June 6, PT Indonesia Stock Exchange ("IDX") in collaboration with the
2023, at the CCB Indonesia headquarters, smoothly executed Global Reporting Initiative ("GRI") on June 13, 2023, in Jakarta.
and meeting the AGM quorum. Reporting on the results of the 6. Seminar on "Discussion of Strategies and Implementation of
AGM and Public Expose to OJK, IDX, Website, and other relevant P2SK Law for Public Companies" by the Indonesian Issuers
institutions, and ensuring information disclosure to the public Association ("AEI") and Law Firm Assegaf Hamzah & Partners
has been carried out in accordance with regulations. on June 13, 2023, in Jakarta.
5. Coordinating and attending Board of Directors meetings and 7. Webinar on "Socialization of Changes to Regulations No. I-V
ensuring meeting frequency compliance, as well as preparing regarding Special Provisions for Listing of Shares and Equity-Like
and administrating meeting minutes throughout the year Securities Other than Shares Issued by Listed Companies on
2023, and coordinating with the Board of Commissioners the Acceleration Board" by PT Indonesia Stock Exchange ("IDX")
regarding the execution of Board of Commissioners and on August 3, 2023, in Jakarta.
Directors meetings, Board of Commissioners meetings, and 8. Seminar on "Creating Green Investment Opportunities and
Committee meetings. Potential in Jakarta" by Bank Indonesia and the Jakarta Investment
6. Maintaining and updating the CCB Indonesia website throughout Forum (JIF) of the Jakarta Provincial Government on August 3,
the year 2023. 2023, in Jakarta.
7. Handling requests for data or information from external parties, 9. Webinar on "Conference Catalyzing Green and Sustainable
shareholders, mass media, and stakeholders regarding CCB Finance Through Capital Market and Other Innovative Solutions"
Indonesia throughout the year 2023. by the Asian Development Bank (ADB) on August 8, 2023, in
8. Establishing communication and reporting to OJK (Capital Bangkok, Thailand.
Market Supervisor and Bank Supervisor), Bank Indonesia, IDX, 10. Webinar on "OJK International Research Forum, Save the Planet:
KSEI, AEI, BAE, Perbanas, LPS, Website, and other supporting The Role of Financial Sector to Support Carbon Reduction and
professions and relevant institutions as required throughout Electric Vehicles Development" by the Financial Services Authority
the year 2023. Institute (OJK Institute) on September 25, 2023, in Jakarta.
9. Coordinating the administration of the Head Office Secretariat 11. Webinar on "Sustainable Finance and Capital Market: Investing
and numbering of correspondence letters/memos/Directors' in a Greener Future" by the Financial Services Authority (OJK),
Decrees. PT Indonesia Stock Exchange (IDX), The Indonesian Finance
10. Coordinating and supporting the preparation of the 2023-2025 Association (IFA) on October 11, 2023, in Jakarta.
RBB Revision and completing the submission to OJK by June 12. Webinar on "Socialization of Financial Services Authority Regulations
23, 2023. (POJK) No. 14/POJK.04/2023 regarding Carbon Trading through
11. Coordinating the implementation of corporate social responsibility Carbon Exchanges and Financial Services Authority Circular Letter
"CCBI Care" during the year 2023, including providing assistance (SEOJK) No. 12/SEOJK.04/2023 regarding Procedures for Conducting
to Orphanages, School Aid, Sustainable Reforestation Programs, Carbon Trading through Carbon Exchanges" by the Financial
and others, ensuring proper execution. Services Authority (OJK) on October 24, 2023, in Jakarta.
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Corporate Governance Corporate Information Financial Statement Annual Report 217
Corporate Governance
Note: - Adhered to the provisions regarding Legal Lending Limit (LLL)
- Received the "Nusantara CSR Award 2023 Incorporating SDGs" and observed prudent principles as well as applicable
in the Land Ecosystem category for Sustainable Reforestation regulations.
Program by La Tofi School of Social Responsibility in Jakarta on - Considered capital adequacy and portfolio diversification of
July 5, 2023. fund provision.
- Received the "Indonesia Best CSR Award 2023 with Outstanding
Program in Sustainable Greening and Supporting the Fulfillment Transparency of the Bank's financial and non-
of Community Needs" by Warta Ekonomi Magazine in Jakarta financial conditions not disclosed in other reports
on July 6, 2023.
CCB Indonesia transparently discloses its financial and non-financial
The implementation of Corporate Secretary’s duties generally conditions to stakeholders, including announcing quarterly Financial
achieved according to the planned work program during the year Publication Reports and reporting them to the Financial Services
2023. Authority (Bank Indonesia) or stakeholders according to applicable
regulations.
Provision of funds to related parties and large
exposure Comprehensive financial conditions have been presented in the
Financial Reports.
In carrying out its activities, CCB Indonesia conducted several fund
provision transactions with related parties and large exposure. CCB Indonesia conducts self-assessment of Good Corporate Governance
Transactions with related parties and large exposure refer to Financial implementation semi-annually, namely in June and December, and
Services Authority Regulation No. 32 /POJK.03/2018 dated December prepares a Good Corporate Governance Implementation Report at
26, 2018, regarding the Maximum Limits for Credit Provision and the end of each fiscal year in accordance with applicable provisions.
Large Fund Provision for Commercial Banks as amended by Financial
Services Authority Regulation No. 38 /POJK.03/2019 dated December CCB Indonesia has submitted the Good Corporate Governance
19, 2019. Implementation Report to Shareholders, the Financial Services
Authority, and relevant parties according to applicable provisions,
The following is a report on fund provision to related parties and and has timely published the Report on the bank's website.
large exposure as of 31 December 2023:
CCB Indonesia transparently discloses information on Bank products
Total according to Financial Services Authority and Bank Indonesia
No. Provision of Funds regulations regarding Bank Product Information Transparency and
Number of Nominal
Debtors (in million IDR) Use of Customer Personal Data. Information on products and
1 To Related Parties 19 725,680 services is disseminated to the public through various promotional
means/media such as brochures, leaflets, websites, and notice
2 To Core Debtors
a. Individual 6 8,743,983 boards across CCB Indonesia's network of branches.
b. Group 14 7,717,075
CCB Indonesia has Policies and General Guidelines for Customer
Protection as well as Standard Operating Procedures for Customer
The Bank has Policies and General Guidelines for Credit Provision, Service and Complaint Resolution. The Bank transparently
Policies and General Guidelines for Providing Funds to Related communicates the procedures for customer complaints and dispute
Parties and Large Exposures. Providing funds to Related Parties resolution to customers in accordance with Financial Services
requires approval from the Board of Commissioners. Additionally, Authority and Bank Indonesia regulations and establishes a Customer
to enhance and facilitate supervision over fund provision to related Complaint Handling and Resolution unit/function.
parties, CCB Indonesia has established and updated a detailed list
of related parties, which includes entities having control relationships Each customer complaint received is handled and resolved
with the Bank, whether directly or indirectly, through ownership, within the prescribed timeframe. Mediation for the resolution
management, and/or financial relationships. of customer complaints is conducted effectively. Reports on
handling and resolution of customer complaints are periodically
During the year 2023, the implementation of fund provision by the submitted to the Financial Services Authority and Bank Indonesia
Bank to related parties and/or large exposures has: every quarter.
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218 Opening Business and Functional Review Financial Review
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Press Releases/Publications 2023
No. Date Daily/Magazine/Website News
1 09 January 2023 Web Bank Prime Lending Rate
2 09 January 2023 Web Bank Leverage Ratio
3 07 February 2023 Web Bank Prime Lending Rate
4 13 February 2023 Web Bank Publication Report
5 06 April 2023 Web bank Leverage
6 10 April 2023 Web bank Prime Lending Rate
7 28 April 2023 Web bank Quarterly Financial Report Q1 March 2023
8 28 April 2023 Web bank Quarterly Publication Report
9 28 April 2023 Web bank Key Matric Report
10 28 April 2023 Web bank Basel III Capital Disclosure Report
11 03 April 2023 Radar Bandung Closure of KCP Bandung Sudirman and KCP Cibinong
12 03 April 2023 Koran Jakarta Closure of KCP Melawai and KCP Bekasi A Yani
13 04 April 2023 Tribun Batam Closure of KCP Tanjung Pinang Merdeka
14 08 May 2023 Web Bank Prime Lending Rate
15 15 May 2023 Web Bank Publication Report
16 24 May 2023 Radar Bali Closure of KCP Bali Tabanan
17 23 May 2023 Metropolis Closure of KCP Mataram Ampenan
18 23 May 2023 Metropolitan Closure of KCP Ampenan
19 24 May 2023 Radar Bali Closure of KCP Tabanan
20 09 June 2023 Web Bank Prime Lending Rate
21 12 June 2023 Web Bank Publication Report
22 07 July 2023 Web Bank Prime Lending Rate
23 07 July 2023 Web Bank Leverage Ratio Report
24 24 July 2023 Web Bank Publication Report
25 25 July 2023 Web Bank Interim Financial Report
26 31 July 2023 Web Bank Quantitative Report
27 31 July 2023 Web Bank Parent Entity Report
28 07 August 2023 Web Bank Prime Lending Rate
29 10 August 2023 Web Bank Publication Report
30 15 September 2023 Emiten news.com https://www.emitennews.com/news/kualitas-aset-dan-indikator-profitabilitas-ccb-
indonesia-mcor-di-bawah-rata-rata
31 07 September 2023 Web Bank Prime Lending Rate
32 11 September 2023 Web Bank Publication Report
33 06 October 2023 Web Bank Leverage Ratio Report
34 09 October 2023 Web Bank Prime Lending Rate
35 25 October 2023 Web Bank Publication Report
36 25 October 2023 Web Bank Key Metric Report
37 25 October 2023 Web Bank Basel III Capital Disclosure Report
38 26 October 2023 Web Bank Q3 Interim Financial Report
39 27 November 2023 Radar Cirebon Closure of Cirebon Branch
40 07 November 2023 Web Bank Prime Lending Rate
41 10 November 2023 Web Bank Publication Report
42 15 December 2023 Koran Jakarta Relocation of KCP Laguna Pluit
43 07 December 2023 Web Bank Prime Lending Rate
44 08 December 2023 Web Bank Publication Report
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Corporate Governance Corporate Information Financial Statement Annual Report 219
Corporate Governance
Bank‘s Strategic Plan ▪ Ensuring adequate CAR for business developmentbisnis
In business development, CCB Indonesia always ensures
In line with the vision and mission, and considering the current business CAR sufficiency, especially in line with expanding business
scale, CCB Indonesia in the short and medium term continues to direct in the corporate banking sector, with large-scale credits,
its business policies towards the implementation of good corporate which require adequate capital support. The KPMM or CAR
governance, Prudent business growth in the corporate banking, small ratio position is maintained within safe limits, considering
and medium-sized enterprises (SMEs), and consumer banking segments, capital add-ons based on risk profile assessments, and
increasing the CASA (Current Account and Saving Account) ratio, capital buffers according to Basel III implementation. Organic
optimizing and deepening business operations, IT system development, capital addition is also achieved through the Bank's profit
driving process effectiveness and cost efficiency, and enhancing the acquisition from 2024 to 2026. The Bank also seeks to
professionalism and competency of human capital. increase revenue through fee-based income, in addition
to interest income. Moreover, the Bank constantly monitors
The Bank's policy direction is aligned with the current government liquidity sufficiency and maintains the Loan to Deposits
programs for infrastructure financing and supporting the development Ratio (LDR) at a safe level to uphold adequate liquidity
of the SME sector. positions.
Short-term Policy Directions of the Bank ▪ Implementation of Good Corporate Governance and risk
management system upgrading
1. Prudent volume growth in the corporate banking segment, Consistent, continuous, comprehensive, and integrated
SMEs (including commercial) and consumer credit. implementation of Good Corporate Governance across all
2. Optimization and deepening of business operations from lines and task forces. Development of more advanced risk
existing branch networks. management systems, supported by three lines of defense.
3. Development of e-banking and forward-looking IT systems to Integrating the Bank's risk management system with global
support effective, fast, easily accessible, reliable, and convenient risk management systems, designed to comprehensively
processes and services. identify, measure, monitor, and manage Bank risks enterprise-
4. Achieving financial performance for greater efficiency and wide.
better margins.
5. Enhancing the overall quality, professionalism, and competency ▪ Optimization of existing branches
of human resources. The current branch network of 72 offices is optimized to drive
healthy and effective business growth based on prudential
Medium-term Policy Directions of the Bank principles.
1. Integrated implementation of good corporate governance, risk ▪ Enhancement of human capital quality
management, internal control systems, and compliance functions. Improvement of human capital quality through increased
2. Continuing infrastructure enhancement programs (e-banking scale of training programs and more diverse development
systems, organizational and human resources) to support opportunities, including sending employees for training
business development. abroad.
Strategic Measures to be Implemented by the Bank By strengthening focused and professional training, competent
human capital will be produced, receiving competitive
▪ Developing business prudently and conservatively remuneration.
CCB Indonesia will prudently and conservatively seek business
volume growth in the corporate banking sector, targeting ▪ Strengthening IT system infrastructure
support from corporate clients in Indonesia, both local and IT System infrastructure is also developed to enhance service
foreign, as well as infrastructure projects in line with the quality to a higher level. Effective, fast, reliable, and accessible
government's program. In this regard, to leverage CCB's expertise services will increase customer satisfaction, making the Bank
in infrastructure financing and trade finance. more competitive in services and gradually moving towards
digital banking.
CCB Indonesia will also continue to develop the SME and
consumer banking sectors. Furthermore, with the broad scope The Bank's Business Plan for the Year 2024-2026 was submitted to
of the CCB group, integrated products/services will be developed the Financial Services Authority on November 27, 2023, through
to enhance integrated services. letter No. 255/CCBI/DDIR-OJK/XI/2023.
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220 Opening Business and Functional Review Financial Review
Corporate Governance
Other Information related to Good Corporate Governance
During 2023, there were no other interventions from owners, internal disputes, or issues arising as a result of the Bank's remuneration
policy.
Ownership of shares by members of the Board of Commissioners and Directors reaching 5%
As of 31 December 2023, there were members of the Board of Commissioners who owned shares in Other Companies in Indonesia
reaching 5% or more, as follows:
Type of Company
No. Name Shares Ownership Company Name
(Bank/LKBB/Other)
1 Yudo Sutanto 25.00% PT Hakim Sentausa Others
25.00% PT Trio Indah Sentausa Others
27.50% PT Sejahtera Inti Carbon Persada Others
20.00% PT Oesowilangun Others
All members of the Board of Commissioners do not have ownership of shares reaching 5% (five percent) or more in other companies
domiciled abroad.
As of 31 December 2023, there were members of the Board of Directors who owned shares in Other Companies in Indonesia reaching
5% or more, as follows:
Type of Company
No. Name Shares Ownership Company Name
(Bank/LKBB/Other)
1 Agresius R. Kadiaman 25.00% PT Agra Reswara Kayana Others
All members of the Board of Directors do not hold shares reaching 5% (five percent) or more in other companies domiciled abroad.
Page 221
Corporate Governance Corporate Information Financial Statement Annual Report 221
Corporate Governance
Financial and Familial Relationships remuneration components, and methods and mechanisms for
determining it, including but not limited to:
In accordance with the Financial Services Authority and Bank Indonesia • Adjustment of Remuneration linked to Performance and Risk
regulations regarding the implementation of Good Corporate Governance 1) Policy on Deferred Variable Remuneration.
for Commercial Banks, all members of the Board of Commissioners, The Bank implements a Policy on Deferred Variable
Directors, and Controlling Shareholders of CCB Indonesia do not have Remuneration for those categorized as Material Risk
financial or familial relationships with other members of the Board of Takers (MRT ) in accordance with the Governance
Commissioners, Directors, and Controlling Shareholders of CCB Indonesia. Regulation on Remuneration, where the amount of
Deferred Variable Remuneration is 10% of the Variable
Remuneration Policy Information Remuneration.
2) Bank's Policy on Deferred Variable Remuneration
The Bank chooses Malus, which allows the deferral of
Process of Formulating the Remuneration Policy
payment of Deferred Variable Remuneration if MRT is in
The Bank has a Guideline for the Implementation of Governance certain conditions.
in Remuneration Provision, Document No. 257/PEDO–CCBI/PPTR/ 3) Policy on vesting for deferred amounts.
X/2016, last revised on April 4, 2023. Deferred Variable Remuneration lasts for 3 years.
Background of Formulating the Guideline: • Positions and number of parties considered material risk takers
1. In line with the implementation of Basel II, especially Pillar 3 (MRT):
(Market Discipline), banks are required to disclose more transparent - Board of Directors : 6 persons
information to the public and market participants, especially - Independent Commissioners : 2 persons
regarding remuneration, to encourage discipline and enable
stakeholders to provide fair assessments. External consultants and consultant tasks related to
2. Issuance of POJK No. 45/POJK.03/2015 regarding the Implementation the Remuneration policy
of Governance in Remuneration Provision for Commercial Banks.
3. Issuance of OJK Circular Letter No. 40/SEOJK.03/2016 regarding In the year 2023, the Bank did not collaborate with consultants
the Implementation of Governance in Remuneration Provision related to the Remuneration policy.
for Commercial Banks.
Performance measurement linked to
The purpose of formulating the guideline is to provide guidance Remuneration
in remuneration provision in accordance with applicable regulations.
The Bank sets a Remuneration policy linked to performance
The Guideline for the Implementation of Governance in Remuneration assessment.
Provision has been approved by the Board of Directors and the
Board of Commissioners. Performance measurement of a quantitative nature for a work unit
is done through Key Performance Indicators (KPIs), which have been
The review of the Remuneration Provision Guideline is conducted standardized.
periodically at least once every 2 (two) years or whenever necessary
according to the Bank's needs or changes in external regulations. KPIs also serve as indicators of the extent to which the Work Unit
has achieved the set work targets.
Scope of Remuneration Policy and Its Implementation
Number of Directors, Board of Commissioners, and Employees
The Bank began implementing the Remuneration policy in 2019, receiving Variable Remuneration over 1 (one) year and the total
which includes the remuneration scale based on level and position, nominal amount
Amount Received within 1 (One) Year
Variable
Board of Directors Board of Commissioners Employees
Remuneration
Persons Amount (IDR) Persons Amount (IDR) Persons Amount (IDR)
Total 4 4,259,158,979 2 721,939,114 1,071 28,189,575,777
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222 Opening Business and Functional Review Financial Review
Corporate Governance
The number of recipients and the total amount of Guaranteed Unconditional Variable Remuneration to prospective Directors, prospective
Board of Commissioners, and/or prospective Employees during the first 1 (one) year of employment: Nil
Total amount of Deferred Variable Remuneration, consisting of cash and/or shares or share-based instruments issued by the Bank:
IDR498,109,809
Total amount of Deferred Variable Remuneration paid out during 1 (one) year: IDR363,815,388
Details of the amount of Remuneration provided within 1 (one) year include:
1) Fixed and Variable Remuneration;
2) Deferred and non-deferred Remuneration; and
3) Forms of Remuneration provided in cash and/or shares or share-based instruments issued by the Bank,
as shown in the table below:
A. Fixed Remuneration*)
1. Cash IDR27,434,451,677
2. Shares/share-based instruments issued by the Bank -
B. Variable Remuneration *)
Not Suspended Suspended
1. Cash IDR4,482,988,365 IDR285,151,860
2. Shares/share-based instruments issued by the Bank - IDR212,957,949
Notes: *) For MRT only and disclosed in million rupiahs
Quantitative information
Total Deduction During the Reporting Period
Type of Remuneration that is Variable*) Remaining Deferred Caused by Explicit Caused by Implicit Total
Adjustment (A) Adjustment (B) (A)+(B)
1. Cash (in million rupiah) 578,896,841 (in full rupiah) Nil Nil Nil
2. Shares/share-based instruments issued 158,152,062 (in full rupiah) Nil Nil Nil
by the Bank (in shares and a nominal dan 2,020,727 (shares)
value of millions of rupiah which is a
conversion of the shares)
737,048,903 Nil Nil Nil
Note: *) MRT only
Remuneration Package and Other Facilities for Commissioners and Directors
The Annual General Meeting of Shareholders of CCB Indonesia has decided to authorize the Board of Commissioners to determine the
amount of salary, allowances, and bonuses for members of the Board of Directors and to authorize the majority/main shareholders to
determine the amount of salary, allowances, and bonuses for members of the Board of Commissioners.
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Corporate Governance Corporate Information Financial Statement Annual Report 223
Corporate Governance
Remuneration for the Board of Commissioners and Directors
Total Received in 1 year
Types of Remuneration and
Board of Directors Board of Commissioners
Other Facilities
person Amount (IDR) person Amount (IDR)
a. Remuneration (salary, bonus, routine allowance, tantiem, 6 30,010,360,020 2 2,848,283,427
and other facilities in kind)
b. Other facilities in kind (housing, transportation, health 6 1,296,284,352 2 179,628,628
insurance and so on) that:
a. can be owned
b. cannot be owned
Total 6 31,306,644,372 2 3,027,912,055
Remuneration per person in 1 (one) year
Total Remuneration per Person in one year *) Number of Directors Number of Commissioners
above IDR2 billion 6 -
from IDR1 billion to IDR2 billion - 2
From IDR500 million to IDR1 billion - -
Up tp IDR500 million
*) received in cash
Remuneration for the Remuneration Committee
The remuneration paid to members of the Remuneration Committee during the 1 (one) year amounted to IDR3,025,864,537 (2 committee
members).
Highest and Lowest Salary Ratios
Salary is the right of an employee received and expressed in the form of money as compensation from the company or employer to the
employee as stipulated and paid according to an employment agreement, agreement, or legal regulations, including allowances for
employees and their families for work and/or services rendered.
The salary compared in the salary ratio is the compensation received by members of the Board of Commissioners, Board of Directors, and
permanent employees of the Bank up to the implementation limit, per month.
The term "employee" in this case refers to permanent employees of the Bank up to the level of executive staff.
Data on the highest and lowest salary ratios as of 31 December 2023
a. Ratio of highest and lowest employee salary 1 : 50.18
b. Ratio of highest and lowest Directors' salary 1:2
c. Ratio of highest and lowest Commissioners’ salary 1:1
d. Ratio of highest Directors' and highest employees' salaries 1 : 2.85
Severance Pay
The number of employees affected by termination of employment and the total severance pay amount paid:
Nominal Amount of Severance Pay paid per Person in 1 (One) Year Number of Employees
Above IDR1 billion -
From IDR500 million to IDR1 billion -
Up to IDR500 million 24
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Share Option
The share options held by the Board of Directors, Board of Commissioners, and Executive Officers
Total Option
Number of Shares
Description/Name have been Option Price (IDR) Period
Held Granted (shares)
exercised (shares)
Commissioner (name) Nil Nil Nil Nil Nil
Directors (name) Nil Nil Nil Nil Nil
Executive Officer (total) Nil Nil Nil Nil Nil
Total Nil Nil Nil Nil Nil
Internal Fraud
Internal fraud refers to fraudulent activities committed by executives, permanent and non-permanent employees (honorary and outsourcing)
related to the Company's work processes and operational activities that significantly affect the financial condition of the Bank if the
deviation's impact exceeds IDR100,000,000 (one hundred million Indonesian Rupiah).
During the period from January to December 2023, there were internal deviations in the operational activities of CCB Indonesia, namely:
Number of cases committed by
Member of the Board of
Number of Internal Fraud in 1 year Commissioners & Member Permanent Employees Non-Permanent Employees
of the Board of Directors
2022 2023 2022 2023 2022 2023
Total Fraud Nil Nil 2 Nil Nil Nil
Settled - - 2 - - -
In the process of settlement within the internal bank - - 0 - - -
Not yet attempted for resolution - - 0 - - -
Has been followed up through legal proceedings - - 0 - - -
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Legal Issues and Efforts to Resolve Them
Throughout the year 2023, the number of civil and criminal legal issues faced by CCB Indonesia and the efforts made to resolve them
are as follows:
Number of Cases
Legal Issues
Civil Crime
Have received a final and legally binding verdict or there are no further 4 0
legal proceedings
In the process of settlement 7 0
Total 11 0
Regarding the number of legal issues, we provide brief information In the Convention and Counterclaim:
about 5 (five) ongoing cases and their material as follows: - Orders the Plaintiff in Convention/Defendant in
Counterclaim to pay court costs amounting to
1. Civil Case IDR4,721,000.00 (four million seven hundred twenty-
a. Case Number: 223/PDT.G/2018/PN.JKT.PST one thousand rupiah).
b. Date of Case: April 17, 2018
c. Plaintiff: Tomy Winata 4) TW appealed the decision to the Jakarta High Court on July
d. CCB Indonesia's Position in the Case: Fourth Co-defendant/ 25, 2019, registered under number: 702/PDT/2019/PT.DKI, and
Appellant IV upon the appeal, on December 26, 2019, the Jakarta High Court
e. Case Information and Developments: issued a decision affirming the Central Jakarta District Court's
1) Tomy Winata ("TW"), as the holder of receivables from decision.
PT Geria Wijaya Prestige ("GWP") based on the Deed of 5) On January 27, 2020, TW's legal representative declared a
Assignment (Cessie) of Receivables and the Deed of cassation, registered under number: 2931 K/Pdt/2020.
Agreement on the Price of Receivables made underhand 6) The cassation efforts were decided by the Supreme Court of
between CCB Indonesia and TW dated February 12, the Republic of Indonesia on October 19, 2020, with the decision
2018, filed a Breach of Contract Lawsuit against GWP to reject the cassation application submitted by the Appellant
in the Central Jakarta District Court as recorded in the Cassation.
Case Register Number: 223/PDT.G/2018/PN.JKT.PST on 7) Based on the decision, the case has acquired legal force (Inkracht);
April 17, 2018, for unpaid debts by GWP. however, CCB Indonesia received information that the Plaintiff
2) The case handling at the First Instance/Central Jakarta would file a judicial review, but until the end of December 2023,
District Court was conducted internally by CCB Indonesia, CCB Indonesia had not received any notification regarding the
the handling at the Appellate Level/High Court was application for a judicial review.
carried out by Otto Hasibuan Law Office, and the
handling at the cassation level/Supreme Court of the - Case Status:
Republic of Indonesia was conducted by Simbolon & The case at the cassation level has been decided by the Supreme
Partner Law Office. Court of the Republic of Indonesia, and this case has acquired
3) The Central Jakarta District Court rendered its decision legal force. However, according to information from TW, a
on July 18, 2019, with the verdict as follows: judicial review will be filed for this case.
In the Objection: 2. Civil Case
- Rejects the objections from Defendant I, Defendant a. Number: 555/PDT.G/2018/PN.JKT.UTR
II, Defendant IV, and Defendant VI; b. Date of Case: October 25, 2018
c. Plaintiff: Fireworks Ventures Limited
In the Substance of the Case: d. CCB Indonesia's Position in the Case: Defendant I / Appellant/
- Dismisses the Plaintiff's lawsuit in its entirety; Petitioner for Cassation / Petitioner for Judicial Review
e. Case Information and Developments:
In the Counterclaim: 1) Fireworks Ventures Limited filed a lawsuit against CCB
- Rejects the counterclaim from Plaintiff I Counterclaim/ Indonesia because CCB Indonesia transferred the rights
Defendant I Convention, Plaintiff II and IV to collect from GWP to TW, and Fireworks Ventures Limited
Counterclaim/Defendant II and IV Convention, and claimed to be the sole syndicated creditor of GWP, thus
Plaintiff VI Counterclaim/Defendant VI Convention; deeming the transfer from CCB Indonesia to TW invalid.
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2) The case handling at the First Instance/Central Jakarta - Material Loss in IDR:
District Court, Appellate Level/High Court, and 6% x IDR249,600,209.98 = IDR14,976,012.6,-
Cassation/Supreme Court of the Republic of Indonesia per year
was conducted by Otto Hasibuan Law Office, the
handling at the Judicial Review level/Supreme Court -Material Loss in USD:
of the Republic of Indonesia was conducted by Sendi 6% x US$11,649,136.06 = US$698,708.16,-
Sanjaya & Partners, and the handling of the Second per year
Judicial Review/Supreme Court of the Republic of g) Declares the Deeds of Agreement on Receivables
Indonesia was conducted by Ary Zulfikar & Partners dated February 12, 2018, and the Deed of
Law Firm. Assignment (Cessie) of Receivables dated
3) The North Jakarta District Court rendered its decision February 12, 2018, made underhand by
on October 15, 2019, with the verdict as follows: Defendant I and Defendant II invalid and without
legal force;
In the Convention: h) Orders the Defendant Party to comply with the
• In the Objection: Decision;
Rejects the objections from Defendant I and i) Rejects the remaining Plaintiff's claims.
Defendant II.
In the Counterclaim:
• In the Substance of the Case: - Declares the counterclaim inadmissible.
a) Partially grants the Plaintiff's lawsuit;
b) Declares that Defendant I and Defendant II In the Convention and Counterclaim:
have committed unlawful acts against the - Orders the Plaintiff in Convention/Defendant
Plaintiff; in Counterclaim, and Defendant II in
c) Declares the Plaintiff as a good-faith buyer of Convention/Defendant I in Counterclaim
receivables (Credit Assets) in connection with to jointly pay court costs amounting to
the obligations of the Defendant Party arising IDR2,047,000,-
from Deed of Loan Agreement No. 8, dated
November 28, 1995, made before Hendra 4) TW filed an appeal to the Jakarta High Court on
Karyadi, S.H., a Notary in Jakarta; October 22, 2019, and CCB Indonesia (Defendant I)
d) Declares that Defendant I and Defendant II filed an appeal to the Jakarta High Court on October
have no rights to receivables (credit assets) 28, 2019, registered under number: 272/PDT/2020/
arising from Deed of Loan Agreement No. 8 PT DKI.
dated November 28, 1995, made before Hendra 5) On May 18, 2020, the Jakarta High Court issued a
Karyadi, S.H., a Notary in Jakarta; decision affirming the North Jakarta District Court's
e) Orders Defendant I to surrender the certificates decision dated October 15, 2019, Number: 555/
of land ownership (SHGB) No. 204, 205, and Pdt.G/2018/PN.Jkt.Utr., which was the subject of the
207 registered under the name of the Defendant appeal.
Party along with the Mortgage Certificates No. 6) On August 7, 2020, CCB Indonesia through its legal
286/1996 (First Rank) and Mortgage Certificates representative filed a cassation appeal to the Supreme
No. 962/1996 (Second Rank), both registered Court of the Republic of Indonesia, registered under
under the name of PT Bank PDFCI, PT Bank number: 3540 K/Pdt/2021.
Dharmala, PT Multicor Bank, PT Bank Rama, 7) On December 6, 2021, the Supreme Court of the
PT Indovest Bank, PT Bank Finconesia, and Republic of Indonesia issued its decision to reject the
PT Bank Artha Niaga Kencana to the Plaintiff cassation application filed by TW and CCB Indonesia.
effective from the final and binding decision 8) On June 21, 2022, CCB Indonesia's Legal Representative
in this case; filed a Second Judicial Review Petition to the Supreme
f ) Orders Defendant I and Defendant II to jointly Court of the Republic of Indonesia.
pay compensation for the material losses 9) Based on information from the website of the Supreme
suffered by the Plaintiff due to the inability Court of the Republic of Indonesia, the case was
of the Plaintiff to freely enjoy all of its rights decided on December 13, 2022, with the decision to
as a creditor against the Defendant Party, reject CCB Indonesia's request for a Second Judicial
namely: Review.
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Corporate Governance Corporate Information Financial Statement Annual Report 227
Corporate Governance
10) On April 14, 2023, CCB Indonesia received information 20) Until the end of December 2023, CCB Indonesia is still
from its legal representative regarding the receipt of awaiting the case registration number for the Second
the relaas notification of the decision of the second Judicial Review request from the Supreme Court of the
judicial review received on March 28, 2023. Republic of Indonesia.
11) On April 18, 2023, CCB Indonesia received a summons
from the North Jakarta District Court regarding the - Case Status
execution of this case's decision, and CCB Indonesia The case, at the Judicial Review level, has been decided by
was requested to attend the hearing on May 3, the Supreme Court of the Republic of Indonesia, where the
2023. Bank's application was rejected, and currently, Fireworks
12) On May 12, 2023, CCB Indonesia applied for a Venture Limited is filing for the execution of the court's
postponement of the execution determination to the decision. Furthermore, the Bank has lodged an objection letter
Chairman of the North Jakarta District Court. against the execution, filed a resistance lawsuit, a letter
13) On May 16, 2023, CCB Indonesia received a second requesting a postponement of execution, and a Second
reminder summons for the parties from the North Judicial Review II.
Jakarta District Court regarding the execution of this
case's decision, and CCB Indonesia was requested to 3. Civil Case
attend the reminder on May 24, 2023. a. Number: 305/Pdt.G/2022/PN.Jkt.Sel
14) On May 24, 2023, CCB Indonesia attended the second b. Date of Case: April 4, 2022
summons accompanied by its legal representatives, c. Plaintiff: Fireworks Ventures Limited
and then the Chairman of the North Jakarta District d. CCB Indonesia's Position in the Case: Defendant II
Court granted an 8-day calendar period for CCB Indonesia e. Case Information and Developments:
and TW to implement the decision. 1) This case is a lawsuit for Unlawful Actions filed by
15) On July 28, 2023, CCB Indonesia received a notification Fireworks Ventures Limited to annul the replacement
letter regarding the execution of equal seizure No. 20/ of the syndicate agent, originally PT Bank Danamon,
Eks.Putusan/2023/PN.Jkt.Utr. where the parties were which was later replaced by PT Bank Multicor (now
expected to attend on July 31, 2023, at the Seizure Object CCB Indonesia);
location in Kuta Village, Kuta District, Badung Regency. 2) Case handling at the First Instance/Central Jakarta
16) On July 31, 2023, CCB Indonesia attended the execution District Court and Appellate Level/High Court was
of equal seizure summons, and the Denpasar District conducted by Sendi Sanjaya & Partners;
Court Bailiff prepared the Equal Seizure Implementation 3) The Plaintiff filed its lawsuit with the South Jakarta
Minutes. District Court on April 4, 2022;
17) On September 6, 2023, CCB Indonesia through its 4) On October 20, 2022, the South Jakarta District Court
legal representative received a notification letter rendered its decision with the verdict as follows:
regarding the postponement of the execution of
case 555 from the North Jakarta District Court as per Adjudicate:
letter No. W10.U4/6555/HK.02/9/2023 dated - Accepts the Defendant II's objection regarding
September 1, 2023, stating that the execution attempt Relative Competence;
is postponed until Case Number 428/Pdt.Plw/2023/ - States that the South Jakarta District Court is not
PN.Jkt.Utr (Gaston case) is decided at the first instance competent to adjudicate case Number 305/
(District Court). Pdt.G/2022/PN Jkt.Sel;
18) On September 22, 2023, CCB Indonesia filed a Second - Orders the Plaintiff to pay court costs amounting
Judicial Review along with the Memorandum of Second to IDR2,367,000.00 (two million three hundred
Judicial Review, which was accepted by the North sixty-seven thousand rupiah).
Jakarta District Court on September 25, 2023.
19) On December 13, 2023, CCB Indonesia received the 5) On November 7, 2022, the Plaintiff filed an appeal, and
Counter Memorandum of the Second Judicial Review on December 6, 2022, CCB Indonesia through its legal
from the Respondent of the Second Judicial Review representative submitted a Counter Appeal
and Second Respondent of the Second Judicial Review. Memorandum to the South Jakarta District Court.
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228 Opening Business and Functional Review Financial Review
Corporate Governance
6) As of the end of July 2023, CCB Indonesia is still awaiting 5) On December 21, 2023, following this case's verdict,
the official notification from the South Jakarta District CCB Indonesia filed an appeal to the North Jakarta District
Court regarding the appellate decision from the Jakarta Court;
High Court. 6) On December 22, 2023, CCB Indonesia submitted the Appeal
7) On August 29, 2023, based on information from the Memorandum to the Jakarta High Court through the North
case tracking information system of the South Jakarta Jakarta District Court.
District Court, there was an appellate decision with the
verdict being to uphold the decision of the South - Case Status:
Jakarta District Court. The case is still ongoing.
8) On November 7, 2023, the notification of the appellate
decision was received through CCB Indonesia's legal 5. Civil Case
representative. a. Number: 428/Pdt.Plw/2023/PN.Jkt.Utr
9) As of the end of December 2023, this case is still within b. Date of Case: June 26, 2023
the period for filing a cassation appeal, thus it does not c. Plaintiff: Gaston Investment Limited
yet have final legal force. d. CCB Indonesia's Position in the Case: Co-Defendant I
e. Case Information and Developments:
- Case Status: 1) This case is a legal action initiated by Gaston
The case is still ongoing. Investment Limited based on the execution decree
number: 20/Eks.Putusan/2023/PN.Jkt.Utr filed by
4. Civil Case Fireworks Ventures Limited regarding the
a. Case Number: 306/Pdt.Plw/2023/PN.Jkt.Utr implementation of the verdict in case number 555/
b. Date of Case: May 12, 2023 Pdt.G/2018/PN.Jkt.Utr;
c. Defendant: Fireworks Ventures Limited 2) Case handling at the First Instance/Central Jakarta
d. CCB Indonesia's Position in the Case: Plaintiff District Court was conducted by Sendi Sanjaya &
e. Case Information and Developments: Partners;
1) This case is a legal action taken by CCB Indonesia filed 3) According to information from the Case Handling
based on the execution decree number: 20/Eks. Information System of the North Jakarta District
Putusan/2023/PN.Jkt.utr filed by Firework Ventures Court, the first hearing is scheduled for July 24,
Limited regarding the implementation of the verdict 2023;
in case number 555/Pdt.G/2018/PN.Jkt.Utr; 4) On July 24, 2023, the agenda for the hearing of the
2) Case handling at the First Instance/Central Jakarta parties was conducted, and the hearing resumed on
District Court was conducted by Sendi Sanjaya & partners, August 7, 2023, with the same agenda;
and at the Appellate Level/High Court was handled 5) On August 7, 2023, the agenda for the hearing of
internally by CCB Indonesia; the parties was conducted again, and the hearing
3) The first hearing for this opposition lawsuit is scheduled was scheduled to resume on August 14, 2023, for
for June 12, 2023; Mediation;
4) On December 11, 2023, the North Jakarta District Court 6) On August 14, 2023, the Mediation agenda was
rendered its decision with the verdict as follows: postponed, and the hearing was adjourned to be
held again on August 23, 2023, for Mediation.
Adjudicate: 7) On August 23, 2023, the first Mediation agenda was
completed, and the hearing was adjourned to be
In the Provision: held again on August 30, 2023, for the Second
- Rejects the defendant's provisional demands; Mediation;
8) On August 30, 2023, the second Mediation agenda
In the Substance of the Case: was conducted, and the hearing was adjourned to
- Declares that the opposition by the defendant is be held again on September 7, 2023, for the Third
unfounded; Mediation;
- Rejects the opposition by the defendant in its entirety; 9) On September 7, 2023, the Third Mediation hearing
- States that the Decree of the Chairman of the North agenda was conducted with a Deadlock outcome, and
Jakarta District Court Number: 20/Eks.Putusan/2023/ the case will proceed to trial;
PN.Jkt.Utr dated April 10, 2023, remains upheld; 10) On September 15, 2023, CCB Indonesia, through its
- Sentences the Defendant to pay the court costs legal representative, received a summons for the
estimated at IDR730,000.00 (seven hundred and hearing scheduled for September 20, 2023;
thirty thousand rupiah) up to this point.
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Corporate Governance Corporate Information Financial Statement Annual Report 229
Corporate Governance
11) On September 20, 2023, the agenda for the reading of members of the board of commissioners, major shareholders, or
the lawsuit was conducted, and the hearing was Controllers, including any activities and/or transactions conducted
adjourned to resume on October 4, 2023, for the by a public company or controlled company for the benefit of
defendant's response to the lawsuit; Affiliates of the public company or Affiliates of board members,
12) On October 4, 2023, the agenda for the defendant's members of the board of commissioners, major shareholders, or
response to the lawsuit was conducted. The hearing Controllers.
was adjourned to resume on October 18, 2023, for the
plaintiff's Rejoinder; There were no transactions with Affiliates in the year 2023.
13) On October 18, 2023, the plaintiff's Rejoinder agenda
was conducted. The hearing was adjourned to resume Conflict of Interest Transactions
on October 25, 2023, for the defendant's rejoinder;
14) On October 25, 2023, the defendant's rejoinder agenda In accordance with Financial Services Authority Regulation No.
was conducted. The hearing was adjourned to resume 17 of 2023 regarding Governance Implementation for Commercial
on November 1, 2023, for the presentation of additional Banks, and the Chairman's Decision of the Capital Market and
documentary evidence by the plaintiff; Financial Institutions Supervisory Agency No: KEP-412-BL/2009
15) On November 1, 2023, the presentation of additional - Regulation No. IX.E.1 concerning Affiliate Transactions and
documentary evidence by the plaintiff was conducted. Certain Conflict of Interest Transactions as updated by Financial
The hearing was adjourned to resume on November Services Authority Regulation No. 42/POJK.04/2020 dated October
8, 2023, for the presentation of additional documentary 21, 2020, a conflict of interest is defined as the difference between
evidence by the plaintiff and documentary evidence the economic interests of the Company and the personal
by the defendant; economic interests of the owner, members of the Board of
16) On November 8, 2023, the presentation of additional Commissioners, members of the Board of Directors, Executive
documentary evidence by the plaintiff and the defendant Officers, and/or related parties with the Bank which may harm
was conducted. The hearing was adjourned to resume the Company.
on November 15, 2023, for the presentation of additional
documentary evidence by the co-defendants; In carrying out their duties and obligations, the Board of Commissioners
17) On November 15, 2023, the presentation of additional and Directors as well as the employees of the Bank always prioritize
documentary evidence by the co-defendants was the interests of CCB Indonesia above personal or family interests
conducted. The hearing was adjourned to resume or those of other parties.
on November 22, 2023, for the presentation of
additional documentary evidence by the co- Conflict of Interest is a situation or condition where CCB Indonesia
defendants; personnel, by virtue of their position, have the authority that may
18) On November 22, 2023, the presentation of additional potentially be abused either intentionally or unintentionally for
documentary evidence by the co-defendants was other interests, thereby affecting the quality of their decisions, and
conducted. The hearing was adjourned to resume on the performance outcomes of these decisions which may be
December 6, 2023, for the parties' conclusions; detrimental to the Bank.
19) On December 6, 2023, the conclusion hearing for the
parties was conducted. The hearing was adjourned to CCB Indonesia has a Conflict of Interest Handling Guidelines as a
resume on January 3, 2024, for the verdict. guide for all CCB Indonesia personnel to understand, prevent, and
mitigate Conflict of Interest, as well as a guide in taking firm action
- Case Status : against Conflict of Interest in the Bank to achieve good corporate
The case is still ongoing. governance.
Affiliate Transactions There were no transactions containing a conflict of interest in the
year 2023.
Pursuant tot he Financial Services Authority Regulation No. 17 of
2023 regarding Governance Implementation for Commercial Banks, Information and Material Facts
and the Chairman's Decision of the Capital Market and Financial
Institutions Supervisory Agency No: KEP-412-BL/2009 - Regulation Issuers or Public Companies are required to submit reports on
No. IX.E.1 concerning Affiliate Transactions and Certain Conflict of Information or Material Facts to the Financial Services Authority and
Interest Transactions as updated by Financial Services Authority announce Information or Material Facts to the public.
Regulation No. 42/POJK.04/2020 dated October 21, 2020, Affiliate
Transactions are defined as any activities and/or transactions In the year 2023, there were no occurrences of information or Material
conducted by a public company or controlled company with Fact, consequently, no announcements regarding Information or
Affiliates of the public company or Affiliates of board members, Material Facts were issued.
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230 Opening Business and Functional Review Financial Review
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Material Facts occurring after the Code of Ethics and Corporate Culture
accountant's report date
CCB Indonesia has established provisions outlined in Policies,
There were no material facts occurring after the accountant's report Guidelines, and Standard Operating Procedures (SOP) to bolster
date. the implementation efforts of Good Corporate Governance (GCG)
principles. Among these provisions are regulations governing the
Buyback of Shares and/or Bank Bonds Code of Ethics and Corporate Culture that must be adhered to by
every individual within CCB Indonesia in their daily behavior.
Buyback
Buyback of shares and/or Bank bond buyback is an effort to reduce Company Manual
the number of shares or bonds issued by the Bank by repurchasing
these shares or bonds, with payment terms conducted in accordance Company Manual is the highest structure of written provisions within
with applicable regulations. CCB Indonesia, containing the document structure, hierarchy of
document approval, as well as the duties and authorities of each job
During the year 2023, CCB Indonesia did not engage in share function related to the issuance of Bank documentation structure and
buyback transactions. Meanwhile, CCB Indonesia has not issued serves as a reference/guideline for the provisions below it, thus the
bonds, so there were no bond buyback transactions in the year provisions from top to bottom are interconnected and related to each
2023. other. The issuance of this Company Manual is ratified by the Board of
Commissioners and the Board of Directors of CCB Indonesia.
The number of shares and/or bonds repurchased Nil
Code of Conduct of Board of
Repurchase price per share and/or bond Nil
Commissioners and Board of Directors
Increase in earnings per share and/or bond Nil
The purpose of creating these manual is to establish standards and work
ethics for the Board of Commissioners and Board of Directors, thereby
enhancing the effectiveness of the performance of the daily duties and
responsibilities of the Board of Commissioners and Board of Directors.
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Corporate Governance
These manuals include regulations on Work Ethics, Working Hours - Conducive and Healthy Environment
and Meetings, Duties and Responsibilities, Rights and Authorities, CCB Indonesia is committed to maintaining a conducive
Working Relationships, Performance Assessment, and Evaluation. and healthy environment in conducting its business so
that the health and safety of customers, business partners,
The Guidelines for the Code of Conduct for the Board of CCB Indonesia Employees, and the environment are not
Commissioners include regulations, among other things, on the compromised.
Assessment and Evaluation of the Board of Commissioners'
Performance. Similarly, the Guidelines for the Code of Conduct Therefore, it is expected that CCB Indonesia employees
for the Board of Directors, which includes regulations on the and its business partners refrain from involvement in criminal
Assessment and Evaluation of the Board of Directors' Performance. or illegal activities and adhere strictly to legal regulations,
namely:
Code of Ethics Guidelines o Not using, selling, possessing, or being under the
influence of illegal drugs/psychotropic substances
This code of conduct lays down the fundamental principles of or consuming alcohol inappropriately while
behavior and professionalism expected from all individuals within conducting business for CCB Indonesia, whether
CCB Indonesia. consumed during working hours or not, and whether
consumed within the premises of CCB Indonesia
Through these Code of Ethics Guidelines, it is hoped that a strong buildings or not.
risk awareness culture and a good control environment at CCB o Complying with all relevant laws and health and safety
Indonesia can be realized and embedded in each individual within guidelines and promptly reporting any conditions that
CCB Indonesia. may pose a danger to health, safety, or the environment
to their immediate supervisor and/or the Human
a. Key Points of the Code of Ethics Resources Division.
o Not giving in to excessive gambling or involving CCB
The Code of Ethics Guidelines for CCB Indonesia govern Indonesia customers in any form of gambling.
relationships with fellow Employees, the Company, Customers, Additionally, not engaging in betting and/or gambling
contractors, agents, agency staff, consultants, vendors and in any form within the office or the premises of CCB
suppliers, Shareholders, Competitors, Authorities, the Press/ Indonesia buildings.
Media, and other Stakeholders, as follows:
- Personal Data Protection
CCB Indonesia Employees CCB Indonesia is committed to safeguarding the
- Non-Discrimination confidentiality of customer's personal data and shall not,
o CCB Indonesia strives to provide a conducive work under any circumstances, use such data for their own
environment where every CCB Indonesia Employee benefit or for any third party while performing their
is treated fairly and respectfully, encouraged to duties.
develop, and valued based on individual and team
performance. - Training
o CCB Indonesia is committed to providing equal o All CCB Indonesia personnel are required to attend
opportunities for all CCB Indonesia Employees based regular training sessions, particularly those related to
on merit. Anti-Money Laundering and Terrorism Financing
o CCB Indonesia will not tolerate or condone any form Prevention, Anti-Bribery, Risk Management, and other
of discrimination including harassment based on gender, mandatory training programs as stipulated.
race, age, religion, disability, or any other classification o Such training is obligatory for newly joined CCB Indonesia
that unjustly interferes with or affects an individual's personnel as part of the induction process.
job performance or creates a work environment that o To ensure the effectiveness of these training sessions,
is intimidating, hostile, demeaning, or unpleasant. CCB Indonesia will monitor and assess these activities
o CCB Indonesia prohibits workplace and cyber periodically.
harassment.
o CCB Indonesia also will not tolerate any form of - External and Internal Investigations
discrimination by vendors, contractors, and other o CCB Indonesia personnel and business partners are
companies that may have business relationships with required to fully cooperate in any formal investigations,
CCB Indonesia and/or represent CCB Indonesia. whether external or internal.
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232 Opening Business and Functional Review Financial Review
Corporate Governance
o Providing false or misleading statements constitutes o CCB Indonesia personnel must comply with applicable
misconduct, resulting in the termination of laws on banking data confidentiality, privacy, and
employment or any other relationship with CCB security, as well as contractual requirements when
Indonesia. handling customer information and business data
collected during business operations.
- Data Confidentiality o The classification of information as customer or business
o Every CCB Indonesia personnel must maintain the data may vary depending on the laws applicable in
confidentiality of business information both during the country or jurisdiction.
and after their tenure with CCB Indonesia. This includes,
but is not limited to, salary and strictly confidential Company Owned Assets/CCB Indonesia
information, business strategies and plans, as well as - Company Information
other proprietary information acquired during their CCB Indonesia personnel and business partners must
employment. maintain the confidentiality of business information both
o CCB Indonesia personnel must comply with banking during and after their employment or engagement with
confidentiality laws, privacy laws, data security laws, CCB Indonesia.
and contractual terms when handling customer
information and business data acquired in the course - Intellectual Property Rights
of business operations. o Intellectual property, including but not limited to patents,
trademarks, and copyrights, developed or acquired by
Customers of CCB Indonesia CCB Indonesia, is the property of CCB Indonesia.
- Treating Customers Fairly o CCB Indonesia personnel must make every effort to
o Treating customers of CCB Indonesia fairly and safeguard CCB Indonesia's interests in intellectual
respectfully, and providing high-quality customer property.
service, is an integral and inseparable part of the o CCB Indonesia personnel with access to such intellectual
behavior of CCB Indonesia personnel. property must not disclose or use it without authorization,
o CCB Indonesia implements the 5 principles of the both during and after their employment with CCB
Fair Dealing Guidelines, which must be adhered to, Indonesia.
especially by CCB Indonesia personnel dealing with o CCB Indonesia personnel must not use intellectual
customers, as follows: property obtained during their employment with
1) CCB Indonesia personnel must treat all customers another company without prior written consent from
with respect and fairness. that company.
2) CCB Indonesia personnel may only offer products o CCB Indonesia respects the restrictions placed on
and services suitable for their target customer third-party software by developers and/or distributors.
segments. o CCB Indonesia personnel must use such software in
3) CCB Indonesia personnel must provide quality and accordance with the terms of the licensing agreement.
non-misleading information to customers.
4) CCB Indonesia personnel must provide clear, - Use of CCB Indonesia's Information Technology Assets
relevant, and timely information so that o Computers, network resources, electronic
customers can make necessary financial communication systems including email, telephones,
decisions. and voice systems, and other information processed
5) CCB Indonesia personnel must handle customer using CCB Indonesia's computers (collectively referred
complaints independently, effectively, and to as "IT Assets") are the property of CCB Indonesia
promptly. and must strictly be used only for the purpose of
providing CCB Indonesia's services and products
- Protecting Customer Information and not for any other purposes.
o CCB Indonesia is committed to protecting customer o The above equipment and facilities are provided to
information and using it appropriately. Safeguarding CCB Indonesia personnel for the benefit of CCB
and maintaining the confidentiality of customer data Indonesia; therefore, CCB Indonesia personnel must
are fundamental aspects of CCB Indonesia's relationship use and maintain these facilities to the best of their
with its customers. ability.
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o The use of IT Assets is governed by CCB Indonesia's Assets Control (OFAC) of the US Department of the
IT Policy. Treasury, United Nations Security Council Resolutions
(UN), and the European Union (EU), as well as
- Accurate Recording and Storage of Archives/Documents transactions involving the purchase of financial
o CCB Indonesia's record-keeping must always be products or other investment products aimed at
made accurately and reliably, with the aim of ensuring benefiting personal interests.
that business transactions are effectively documented
and justified to reduce legal risks. No information on - Conflict of Interest
any records or documents may be destroyed or o CCB Indonesia personnel must not intentionally allow
falsified. themselves to be placed in a position where their
o Reasonable and accurate books must be available for interests could potentially or actually harm CCB
audit and inspection purposes to ensure high standards Indonesia.
in record keeping. o CCB Indonesia personnel must not allow any business
o CCB Indonesia personnel must comply with all applicable decisions to be influenced by or perceived as
laws and management policies regarding relevant influenced by interests unrelated to CCB Indonesia.
records implemented by CCB Indonesia. Any decision to engage in business transactions with
o All "off the record" accounts or transactions related to any party must be based solely on business
improper payments are prohibited. considerations.
o Records and data must be maintained and destroyed o CCB Indonesia personnel are obligated to prioritize the
in accordance with relevant laws and CCB Indonesia's interests of CCB Indonesia.
management policies regarding records. o CCB Indonesia personnel are prohibited from personally
o Any documents, records, or data required or possibly benefiting (or directing to a third party) from a business
required for litigation or investigation purposes must opportunity through the use of company property,
be notified and consulted with the Compliance information, or position unless CCB Indonesia has been
Division, Legal Division, or Internal Audit Division offered and declined the opportunity.
beforehand. o Any perceived/actual, potential, or actual conflicts of
o Failure to comply with requests for required documents, interest must be disclosed for the attention of CCB
records, or data may result in criminal or civil legal Indonesia personnel's superiors.
claims against CCB Indonesia and the relevant CCB
Indonesia personnel. - Gifts and Entertainment
o "Gifts" refers to money, goods, or services given
Business Protection and External Activities simply as a gesture of friendship or appreciation.
- Insider Trading Gifts can also include souvenirs, benefits, and special
o Insider Trading and the disclosure of sensitive information treatments.
about non-public prices to external parties are not o "Entertainment" may include trips abroad, watching
allowed and constitute criminal acts. movies, attending musical performances, and so
o Providing (tipping) important non-public information on.
to someone who may buy or sell securities is also a o Giving gifts and entertainment used to unduly
violation of applicable laws, whether by the person influence a business decision or result in unfair
providing the information or the person receiving business benefits constitutes bribery.
it. o Bribery and corruption are contrary to CCB Indonesia's
o All CCB Indonesia personnel should be aware that policy, so any CCB Indonesia personnel found guilty
perpetrators of Insider Trading may be subject to fines, of offering or accepting bribes or corruption must
imprisonment, or both. face severe disciplinary action/sanctions and may
o In addition to the above, all CCB Indonesia personnel also be prosecuted under anti-corruption laws.
must be vigilant against prohibited activities such as
Prohibited Transactions, which are transactions currently - External Communication
prohibited by the Government or certain other CCB Indonesia is committed to openness and transparency
international bodies such as the Office of Foreign in communicating with external parties and endeavors to
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establish constructive relationships with key stakeholders - Compliance with Laws and Regulations
(investors, regulators, government, media, society, and Every CCB Indonesia personnel is responsible for knowing
NGOs). and complying with the laws and regulations of the Republic
of Indonesia, including but not limited to those related to
- Communication with Regulators export and import business matters.
All communication with regulators must be conducted in
accordance with the guidelines and/or procedures applicable - Agent/Consultant/Third Party
at CCB Indonesia. Requests from regulators for information o CCB Indonesia personnel are required to carry out
must be responded to with complete, factual, and accurate thorough business evaluations when choosing third-
information. party as business partners including (but not limited
to) contractors, agents, agency staff, consultants, vendors,
- Communication with Press or Media and suppliers of goods and services. These business
Any inquiries from the press or media must be promptly partners must not engage in anything indirectly that
referred to the authorized spokesperson of CCB Indonesia. a CCB Indonesia personnel is prohibited from doing
according to the Code of Conduct or applicable laws
- Procedures Regarding the Use of Social Media and regulations.
o Personal social media accounts must be separate from o CCB Indonesia personnel must conduct suitable due
work-related matters. diligence to ensure that business partners are fit for
o Only authorized CCB Indonesia spokespersons are the tasks at hand, have a good track record, and do not
allowed to communicate online on behalf of CCB exploit their relationship with CCB Indonesia or the use
Indonesia. of CCB Indonesia's name in relation to any illegal activities,
o It must be clear who is being represented in forums, fraud, unethical or dishonest transactions, or any
blogs, and discussion forums. transactions that may tarnish the reputation of CCB
o There should be no selling or marketing of CCB Indonesia Indonesia.
products, or giving financial advice on personal social o CCB Indonesia personnel must ensure that business
media pages. partners are aware of and committed to the anti-fraud
o Adhere to confidentiality and privacy agreements. principles established in this Code of Ethics.
o Respect your colleagues and workplace, as well as other o CCB Indonesia personnel are not allowed to allow or
individuals and communities. provide their personal facilities for use by customers/
o Non-compliance may result in disciplinary action, including third parties in exploiting their transactions with CCB
termination of employment with CCB Indonesia. If Indonesia.
breaking the law, one must be personally responsible. o CCB Indonesia personnel are not allowed to act as
o When in doubt, please ask. Do not take risks with representatives for customers/third parties in conducting
the reputation of CCB Indonesia or your own business transactions with CCB Indonesia.
reputation.
b. Methods of Ethical Code Socialization and
- Legal Actions/Demands Enforcement Efforts
o Unless prohibited by local laws, CCB Indonesia personnel
must promptly inform their immediate supervisor, the To foster understanding and instill a culture of compliance
Human Capital Division, and the Legal Division if they among every employee, the Company conducts periodic ethical
are the subject of legal actions/demands or investigations code socialization sessions through training and/or workshops.
anywhere. After reading and comprehending the Code of Ethics, CCB
o Permission from the Human Capital Division must be Indonesia personnel are required to acknowledge the Code of
obtained before accepting political positions or engaging Ethics on a designated form.
in external employment, appointments, or assignments.
Any CCB Indonesia personnel who violate the provisions of
- Anti Money Laundering and Terrorism Financing the Code of Ethics/Code of Conduct may face disciplinary
Prevention action, including but not limited to termination or dismissal
CCB Indonesia personnel must fully comply with applicable from employment. If laws or regulations are also breached,
laws and policies related to financing to combat terrorist an official report may need to be filed with relevant authorities,
activities, anti-illegal drug trafficking, and anti-money and CCB Indonesia personnel may face fines or criminal
laundering. penalties.
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c. Disclosure that the Code of Ethics Applies to the The effectiveness of fraud control in business processes is the
Board of Commissioners, Board of Directors, and responsibility of the Board of Directors and the Board of
Company Employees Commissioners, thus requiring a proper and comprehensive
understanding of fraud by the Board of Directors and the Board
CCB Indonesia, along with all its personnel, is committed and of Commissioners to provide guidance and raise awareness for
responsible for maintaining the highest level of integrity and fraud risk control at CCB Indonesia. The Anti-Fraud Strategy reflects
honesty within the CCB Indonesia environment, thereby continuing the commitment of the Board of Directors and the Board of
to provide quality service to all of Indonesia with products and Commissioners to control fraud, implemented in the form of a
services that support the success of CCB Indonesia's customers. fraud control system.
In laying down the fundamental principles of behavior and The anti-fraud strategy is part of the existing fraud policy. In its
professionalism expected from all CCB Indonesia personnel, a implementation, it consists of a fraud control system with 4 (four)
code of conduct is formulated in the form of an Ethical Code. pillars as follows:
The code of conduct/Ethical Code applies to the Board of
Commissioners, Board of Directors, and all employees of CCB 1. Prevention
Indonesia, serving as the basis for ethical attitudes and actions The prevention pillar is part of the fraud control system that
while considering the company's core values. includes measures to reduce the potential risk of fraud, at least
comprising anti-fraud awareness, vulnerability identification,
Employee and/or Management Share and employee recognition policies.
2. Detection
Ownership Program implemented by the The detection pillar is part of the fraud control system that
Company includes measures to identify and detect fraud in the Bank's
business activities, at least comprising policies and
CCB Indonesia implements an Employee and/or Management mechanisms for whistleblowing, surprise audits, and
Share Ownership Program in alignment with the OJK regulations supervision systems.
overseeing Governance Implementation in Remuneration for 3. Investigation, Reporting, and Sanctions
Commercial Banks. The investigation, reporting, and sanctions pillar are part of
the fraud control system that includes investigation, reporting,
Anti-Fraud Strategy and imposition of sanctions for fraud in the Bank's business
activities.
In order to prevent cases of operational deviations and violations of 4. Monitoring, Evaluation, and Follow-Up
legal regulations, particularly fraud, CCB Indonesia enhances the The monitoring, evaluation, and follow-up pillar are part of the
effectiveness of internal controls as an effort to minimize fraud risks fraud control system that includes measures for monitoring,
by implementing an Anti-Fraud Strategy. evaluation, and follow-up.
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The Whistleblowing System Good Corporate Governance Self Assessment
The demand to implement Good Corporate Governance serves as During the year 2023, CCB Indonesia conducted Good Corporate
one of the foundations for this transparency, where the Bank is Governance self-assessment in both June 2023 and December 2023,
required to take preventive measures and combat practices that both rated: 2 (Good). The self-assessment in June 2023 is equivalent
oppose Good Corporate Governance by reporting violations through to the assessment conducted by the OJK.
the whistleblowing system. This system is expected to encourage
all employees to report violations effectively. General Conclusion of Good Corporate
To enhance the effectiveness of implementing the Fraud control
Governance Implementation
system by emphasizing disclosure from complaints, CCB Indonesia
implements a whistleblowing system based on clearly formulated Based on the analysis of all criteria/indicators that are factors in
General Whistleblower Policy and Guidelines that are easily assessing Governance implementation, it is concluded that:
understood and effectively implemented to encourage and raise 1. Implementation of Duties and Responsibilities of the Board of
awareness among employees and officials of the Bank to report Commissioners
occurring Frauds, including: The implementation of duties and responsibilities of the Board
of Commissioners has fulfilled the governance structure in
1. Protection for Whistleblowers carrying out its supervisory functions, as reflected by:
The Bank is committed to providing support and protection - Fulfillment of the number of Board of Commissioners members
to every Fraud reporter and guaranteeing the confidentiality - Fulfillment of the composition of the Board of Commissioners
of the reporter's identity and the reported Fraud. Protection - Fulfillment of requirements from each member of the Board
for the reporter benefits from the certainty of treatment for of Commissioners
the reporter and guarantees the confidentiality of the - The Board of Commissioners has already had a Code of
reporter's identity, which will instill trust among Bank personnel Conduct for the Board of Commissioners, as well as Guidelines
or external parties who will report suspected violations to for conducting Board of Commissioners meetings.
the Whistleblowing Manager and enhance the awareness
of Bank personnel regarding company regulations and The duties and responsibilities of the Board of Commissioners
policies. have been carried out in accordance with the principles of good
governance as outlined in meeting minutes and internal memos.
2. Regulations related to Fraud Complaints
The Bank prepares a specific telephone number and/or electronic The Board of Commissioners is not involved in decision-making
mail address (email) that employees can use to report suspicions on Bank operational activities, except in providing funds to
of Fraud cases. related parties and other matters stipulated in the Bank's Articles
of Association and/or applicable regulations in carrying out
The telephone number and email address have been published supervisory functions.
by the Anti-Fraud Unit/Function.
The Board of Commissioners holds meetings with the Board
3. Reporting System and Follow-Up Mechanisms for Fraud Reports of Directors to oversee the implementation of the Directors'
The Fraud reporting system includes clarity in the reporting duties and responsibilities and provide advice to the Directors.
process, including reporting procedures, means, and responsible
parties for handling reports. The reporting system must be The Board of Commissioners has held Board of Commissioners
supported by clear mechanisms for follow-up on reported meetings and Joint Board of Commissioners and Directors
Fraud incidents. meetings as required.
This reporting system is implemented transparently and consistently Commissioners participated with the Directors in the General
to instill trust among all Bank employees in the reliability and Examination Exit Meeting and the Bank's Prudential Meeting
confidentiality of the whistleblowing mechanism. in 2023, with the OJK.
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Corporate Governance
The results of the Board of Commissioners' oversight are The composition and requirements of members of the Risk
communicated to the Directors and serve as input for the Monitoring Committee and Remuneration & Nomination
Directors in carrying out their duties to achieve good performance. Committee have complied with the provisions. However,
due to the end of the term of one of the Audit Committee
Overall, the implementation of the duties and responsibilities members of CCB Indonesia on May 4, 2023, and no new
of the Board of Commissioners has followed applicable appointment of Audit Committee members has been made
regulations. until the second semester of 2023, the composition of the
Audit Committee does not meet the requirements of
2. Implementation of Duties and Responsibilities of the Board of Governance Implementation as regulated in OJK Regulation
Directors No. 55/POJK.04/2015 concerning the Formation and Guidelines
The implementation of duties and responsibilities of the Board for the Implementation of Audit Committee Work ("Audit
of Directors has fulfilled the requirements of the governance Committee POJK") and OJK Regulation of GCG. Nevertheless,
structure, reflected by: the Audit Committee continues to function fully, and the
- Fulfillment of the number of Directors along with criteria, mechanisms for implementing Audit Committee tasks
independence, and requirements of each Director; continue to operate normally. The Chairperson of the Audit
- Fulfillment of the Composition of the Board of Directors Committee is committed to ensuring the smooth operation
- Filling all Director positions with definitive Directors of the Audit Committee and ensuring that oversight and
accompanied by task assignments according to the Bank's evaluation of accounting practices, internal controls, and
organizational structure. bank financial reporting continue according to the Audit
- The Directors have a Code of Conduct for the Board of Directors, Committee's Work Plan for 2023.
as well as Guidelines for conducting Directors' meetings.
The implementation of committee tasks, in general, has been
The implementation of duties and responsibilities of the Board in accordance with the respective committee's rules of procedure,
of Directors has been in accordance with the Company's Articles as reflected in activities and meeting minutes.
of Association and Guidelines for the Work Regulations of the
Board of Directors. Bank management is continuously improved The Committees have fulfilled their functions according
through improvements that have been made and maintained to applicable regulations, including providing
and continued until now. recommendations within their mandate to the Board of
Commissioners.
The Board of Directors are fully responsible for the Bank's
management, nurturing, leading, and overseeing Divisions according Minutes have been prepared for each Committee meeting and
to their supervisory divisions, as well as implementing Governance documented well. The performance achieved by each Committee
principles in every Bank business activity at all organizational levels. can support the oversight of the Board of Commissioners.
The Board of Directors have held meetings as required. Overall, the completeness and implementation of Committee
tasks have followed applicable regulations.
The duties and responsibilities of the Board of Directors have
been executed well, evidenced by the continuous efforts and 4. Handling of Conflict of Interest
implementation of improvements. The handling of conflicts of interest has been internally regulated
through the Conflict of Interest Handling Guidelines. However,
The results of the Board of Directors' meetings have been during the year 2023, there were no issues containing conflicts
recorded in meeting minutes and documented well. of interest.
Overall, the implementation of the duties and responsibilities Overall, the handling of conflicts of interest by the Bank has
of the Board of Directors has followed applicable regulations. followed applicable regulations.
3. Completeness and Implementation of Committee Tasks 5. Implementation of the Bank's Compliance Function
The Bank has established Committees to assist the Board of The Bank has appointed a Compliance Director and
Commissioners, including the Audit Committee, Risk Monitoring established a Compliance Division to carry out duties and
Committee, and Remuneration & Nomination Committee, each responsibilities independently according to compliance
equipped with Guidelines for the Implementation of Committee policies and guidelines.
Tasks.
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The Bank has provided an adequate number of human The organizational structure of the Internal Audit Division (SKAI)
resources and has sufficient competence to carry out supports independence and objectivity in carrying out its tasks
compliance functions and effectively implement Anti-Money and functions in accordance with the Internal Audit Professional
Laundering, Terrorism Financing Prevention & Mass Destruction Standards.
Weapons Financing Prevention, including appointing
Compliance Officers at each Bank office, and having a Division SKAI, in performing its duties, has conducted risk-based audits,
to ensure the availability and management of Policies, with extensive audit coverage, and audit results have been
Guidelines, and SOPs (KSOP). reported to relevant stakeholders.
Additionally, the Bank has an adequate AML System to support The internal audit function has been adequately implemented,
the implementation of Anti-Money Laundering and Terrorism resulting in sufficient reports for the Board of Commissioners
Financing Prevention. and the Board of Directors. The audit function has been supported
by audit programs to facilitate the audit process.
The Compliance Function has established policies, developed
guidelines, and taken steps to ensure the suitability, adequacy, The implementation report and key findings of internal audits
and effectiveness of the compliance function's role throughout have been periodically reported to the Financial Services Authority.
the bank's organizational structure.
Areas of improvement related to the implementation of the
The Bank has made efforts to increase Compliance awareness Bank's Internal Audit Function include:
through socialization and issuing compliance culture - The adequacy of Internal Audit Unit members' capacity
posters. still needs to be developed and improved, including through
recruitment, training, and certification according to their
The Bank's policies, guidelines, and SOPs are periodically levels.
reviewed. - The preparation, scope, quality of financial performance
analysis, follow-up monitoring, accuracy of audit
The Bank periodically improves and reviews the parameters implementation, and the substance of the Implementation
used in implementing the AML PPT program. Report and Key Findings of Internal Audit still need
improvement.
The Compliance Function has played a role in assisting the
bank's compliance improvement process. This is reflected in Generally, the implementation of the Bank's Internal Audit
efforts such as providing compliance opinions, compliance Function has followed applicable regulations.
reviews, compliance news, compliance checklists, compliance
campaigns, regulatory socialization, and acting as liaison officers 7. Implementation of the External Audit Function
to the Financial Services Authority and/or Bank Indonesia, and The selection of Public Accounting Firms and Public Accountants
other regulators. with reputable backgrounds for external audits is determined
through contractual agreements outlining audit scopes compliant
Areas for improvement related to the implementation of the with relevant regulations.
Bank's Compliance Function include the need for capacity
building and dual control processes in reporting to regulators, The process of appointing Public Accounting Firms and Public
as there are still sanctions imposed for failure to comply with Accountants by the Bank has complied with applicable
reporting obligations. Regarding these non-compliances, the regulations. In conducting audits, Public Accounting Firms and
Bank has corrected reporting, met payment obligations within Public Accountants have fulfilled specified aspects and carried
the prescribed period, and sought to enhance compliance out audits independently, meeting professional standards for
culture and risk awareness at all organizational levels. public accountants, work agreements, and designated scopes
as stipulated in the applicable regulations.
Overall, the implementation of the Bank's Compliance Function
has followed applicable regulations. The provision of audit services for annual historical financial
information has been performed by Public Accountants and/or
6. Implementation of the Internal Audit Function Public Accounting Firms in accordance with the audit scope as
The Bank has an Internal Audit Division (SKAI), an Audit Charter, regulated by applicable provisions and evaluated by the Audit
and Policies/Guidelines/SOPs as working guidelines. Committee, with results reported to the Financial Services Authority.
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Corporate Governance
Generally, the implementation of the Bank's External Audit 9. Provision of Funds to Related Parties and Large Exposures
Function has followed applicable regulations. The Bank's Board of Directors has actively established policies,
systems, and sufficiently effective procedures to regulate the
8. Implementation of Risk Management Including Internal Control provision of funds to related parties and large exposures,
Systems including monitoring and resolution of issues arising from such
The Bank has a sufficient organizational structure to support fund provisions.
the implementation of risk management and internal controls,
including the Internal Audit Division, Risk Management Division, The Bank has periodically monitored and evaluated large debtors
Risk Management Committee, and Compliance Division. and updated the list of related parties, as well as made
Additionally, the bank has adequate risk policies, procedures, improvements in policies and procedures. Decision-making is
and risk limit determinations. made without any intervention from any party.
In addition to forming the Risk Management Committee, the Any provision of funds to Related Parties is made after obtaining
Bank has also established other committees to assist the Board approval from the Board of Commissioners.
of Directors in carrying out their duties, namely the Credit Policy
Committee, ALCO Committee, Information Technology Steering There have been no violations or deviations from LLL during
Committee, Credit Committee, and Human Capital Committee. the assessment period, and all reports related to the provision
of funds to related parties and large exposures have been
The organizational structure has been fulfilled with all positions submitted to the Financial Services Authority accurately and
filled by definitive officers. in a timely manner.
The Bank has adjusted its Policies/Guidelines/SOPs to align Overall, the Provision of Funds to Related Parties and Large
with the bank's vision and mission post-merger and acquisition, Exposures has complied with applicable regulations.
in accordance with applicable regulations.
10. Transparency of Financial and Non-Financial Conditions,
The Board of Commissioners and Directors have fulfilled their Governance Implementation Reports, and Internal Reporting
duties and responsibilities related to the implementation of
risk management. Monthly, quarterly, annual, other publications, and internal
governance implementation reports always adhere to
The organizational structure, along with the committees assisting Financial Services Authority regulations and applicable
the duties of the Commissioners and Directors, coordinate to support provisions.
the implementation of risk management and internal controls.
The preparation of Monthly, Quarterly, Annual Publications,
The Directors ensure that all material risks and the impacts and Other Publications, as well as Governance Implementation
caused by such risks have been addressed and report Reports, has been carried out through good governance
accountability to the Board of Commissioners. processes and in accordance with the coverage required
by Financial Services Authority regulations and applicable
The Directors have overseen risk management policies and laws.
strategies through discussions in various committee meetings.
The bank has improved the Quality of Risk Management, Customer service is provided through transparent product
reflected in the well-managed Bank Risk Profile. explanations, responsive handling of customer complaints, and
addressing weaknesses to follow up on customer complaints
An area of development related to the Implementation of Risk effectively.
Management and Internal Control Systems is the internal controls
in divisions that report to regulators (checker and maker, as well Information regarding customer complaint procedures
as Quality Assurance), which need further improvement. and dispute resolution is provided through the Bank's
website.
Generally, the Implementation of Risk Management Including
Internal Control Systems at the bank has followed applicable The Bank has implemented transparency principles regarding
regulations. financial and non-financial conditions presented in Monthly,
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Quarterly, Annual Publications, and Other Publications. In the 12. Remuneration Provision
Annual Publication Report, the bank has reported governance The Bank has a Remuneration policy that includes at least:
implementation in accordance with Financial Services Authority a. Remuneration structure that includes at least:
regulations and applicable laws. 1) Remuneration scale based on level and position; and
2) Remuneration components
Area of improvement for the Transparency of Financial and b. Methods and mechanisms for determining Remuneration
Non-Financial Conditions, Governance Implementation Reports,
and Internal Reporting involces improving capacity and dual Additionally, the Bank has established a Remuneration
control processes in providing data for publication to minimize Committee.
re-publication due to data corrections.
In implementing the governance, the bank observes the
Overall, Transparency of Financial and Non-Financial Conditions, principle of prudence in providing remuneration, both fixed
Governance Implementation Reports, and Internal Reporting and variable, in accordance with the principles of reasonableness
has complied with applicable regulations. and fairness.
11. Bank's Strategic Plan 13. Shareholder Aspect
The Bank's strategic plan has been formulated in the form of Periodically (annually), CCB Indonesia holds Annual General
the Bank Business Plan, adjusted to the Bank's Vision and Mission, Meetings (AGMs). The AGM for the year 2023 was conducted
and fully supported by all stakeholders. on June 6, 2023.
The Bank Business Plan (BBP) has been prepared based on The amount of cash dividends (if any) will be linked to the
Financial Services Authority Regulation No. 5 /POJK.03/2016 profits earned by the Company in the respective fiscal year,
and Financial Services Authority Circular Letter No. 25 / without prejudice to the Company's AGM rights to determine
SEOJK.03/2016 concerning Bank Business Plans, as well as a otherwise in accordance with the provisions of the Company's
comprehensive study considering business opportunities and Articles of Association and the applicable Banking regulations.
the bank's strengths while identifying weaknesses and threats.
The Bank disseminates financial and non-financial reports to
The Bank Business Plan, along with its revisions and adjustments stakeholders through various means including letters,
prepared by the Board of Directors, has been approved by the newspapers, and the bank's website, including but not limited
Board of Commissioners and communicated to the Financial to announcing Monthly, Quarterly, and Annual Publication
Services Authority and all parties concerned. The Bank Business Reports and reporting them to the Financial Services Authority
Plan has depicted sustainable growth targets that provide (OJK) based on OJK Regulation No. 37/POJK.03/2019 issued
economic benefits to all stakeholders and has been aligned on December 19, 2019 concerning Transparency and Publication
with the Bank's vision and mission. of Bank Reports, and OJK Circular Letter No. 9/SEOJK.03/2020
dated June 30, 2020 concerning Transparency and Publication
The Bank Business Plan, including its revisions and adjustments of Conventional Commercial Bank Reports.
related to the global and domestic economic conditions as a result
of the COVID-19 pandemic, has been submitted to the regulators. Always adhere and support the interests and rights of
shareholders in accordance with applicable regulations.
The implementation of the BBP is monitored and directed by
the Board of Directors, overseen by the Board of Commissioners, Bank shareholders also support the implementation of
and communicated to the Financial Services Authority, all Bank healthy business activities and the continuity of the bank's
shareholders, and all functional units. operations.
The area of improvement concerning the Bank's Strategic Plan There is no owner intervention, internal disputes, or issues
involves enhancing the quality of risk management arising from the bank's remuneration policy that disrupt the
implementation and implementing efficiency measures to bank's operational activities and/or provide undue benefits
boost and sustain the Bank's profitability. to the owners, resulting in reduced bank profits and/or
causing bank losses, due to owner intervention in the
Generally, the Bank's Strategic Plan has complied with applicable composition and/or implementation of the Board of
regulations. Commissioners' duties.
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Corporate Governance
14. Implementation of Anti-Fraud Strategy, Including Anti-Bribery CCB Indonesia has conducted business practices and investment
CCB Indonesia has implemented risk management and internal strategies while considering, applying, and integrating
control systems to minimize the occurrence of bank fraud. The environmental, social, and governance values.
bank has an independent Anti-Fraud Unit in place.
16. Implementation of Governance Within the Bank's Business
In order to prevent operational deviations and violations of legal Group
regulations, especially fraud cases, the Bank has implemented a CCB Indonesia is not a parent company or Executor of Holding
fraud detection system on June 6, 2023, to enhance the effectiveness Company which is included in the Bank Business Group.
of internal controls as part of efforts to minimize fraud risks by
implementing Anti-Fraud and Whistleblowing strategies. As of December 31, 2023, CCB Indonesia does not have any
subsidiaries or associated entities.
15. Implementation of Sustainable Finance, Including Social and
Environmental Responsibility Hence, in 2023, CCB Indonesia has adopted governance
During 2023, CCB Indonesia allocated part of its funds for social measures that are generally GOOD, evidenced by satisfactory
and environmental responsibility to support the implementation adherence to governance principles. Where weaknesses in
of sustainable finance. governance principles exist, they are generally minor and can
be rectified through standard management procedures by
CCB Indonesia has integrated sustainable finance into its business the Bank.
activities and developed a sustainable finance action plan.
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242 Opening Business and Functional Review Financial Review
Committees Report
Audit Committee Duties and In the effective and independent implementation of
Responsibilities 243 monitoring duties and responsibilities, the Board of
Risk Monitoring Committee Duties
Commissioners is supported by the Audit Committee,
and Responsibilities 243 Risk Monitoring Committee, and Remuneration and
Nomination Committee
Remuneration and Nomination
Committee Duties and
Responsibilities 243 In order to support an increase in the implementation of Good Corporate Governance
(GCG) and optimize supervision attached to the Board of Commissioners, as well as to
ensure the implementation of internal control system at all levels of operations, has been
stated in the Audit Committee Charter in accordance with the provisions of the Financial
Services Authority, Guidelines and Procedures of Risk Monitoring Committee, Remuneration
and Nomination Committee, as well as changes to members of the Committees under
the Board of Commissioners.
During 2023, the implementation of the duties of the committees that assist the Board
of Commissioners can proceed according to the Work Plan and the schedule of the annual
meeting.
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Corporate Governance Corporate Information Financial Statement Annual Report 243
Committees Report
Audit Committee Duties and Responsibilities 2. Conduct a review of the implementation of risk management
which consists of a risk profile report and other reports related
The duties and responsibilities of the Audit Committee are to assist to the management of 8 (eight) types of risk.
the Board of Commissioners in order to support the effectiveness 3. Monitor the adequacy of the process of identification, measurement,
of the implementation of their duties and responsibilities, including: monitoring, control and risk management information systems.
1. Monitoring and evaluating the planning and implementation 4. Monitoring and evaluating the implementation of the duties
of internal audits as well as monitoring the follow-up of internal of the Risk Management Committee and the Risk Management
audit results in order to ensure the accuracy of the design and Division.
operational effectiveness of internal controls, including internal
control over financial reporting. Remuneration and Nomination Committee
2. Carrying out monitoring and evaluation of:
▪ Implementation of the duties of the Internal Audit Work Unit.
Duties and Responsibilities
▪ Suitability of the audit by a public accounting firm with The duties and responsibilities of the Remuneration and Nomination
audit standards; Committee are to assist the Board of Commissioners in order to
▪ Suitability of financial statements with financial accounting support the effectiveness of the implementation of their duties
standards; and responsibilities, including:
▪ Implementation of follow-up by the Board of Directors on 1. Related to remuneration duties, the Remuneration and Nomination
the findings of the Internal Audit Division, public accountants, Committee has the following duties and responsibilities:
and the results of the supervision of the Financial Services a. The Remuneration and Nomination Committee must
Authority to provide recommendations to the Board of evaluate the remuneration policy and system.
Commissioners. b. The Remuneration and Nomination Committee must provide
3. Providing recommendations regarding the appointment of recommendations to the Board of Commissioners regarding:
public accountants and public accounting firms to the Board 1) Remuneration policies and systems for the Board of
of Commissioners to be recommended to the GMS. Commissioners and Board of Directors of both local
4. Reviewing financial information to be issued by the Bank to and foreign workers, to be submitted to the General
the public and/or authorities, including financial statements, Meeting of Shareholders;
projected financial statements and other reports related to the 2) Remuneration policies and systems for Executive Officers
Bank's financial information. and employees both from local and foreign workers
5. Reviewing complaints related to the Bank's accounting and as a whole to be submitted to the Board of Directors.
financial reporting processes. c. The Remuneration and Nomination Committee must ensure
6. Reviewing the Bank's compliance with the laws and regulations that the remuneration policy is at least in accordance with:
relating to the Bank's activities. 1) Financial performance and fulfilment of reserves as
7. Providing independent opinion in the event of disagreements regulated in applicable laws and regulations;
between management and public accountants for the services 2) Individual work performance;
they provide. 3) Fairness with peer groups;
8. Providing recommendations to the Board of Commissioners regarding 4) Consideration of the Bank's long-term goals and strategies.
the appointment of a Public Accountant based on independence,
the scope of the engagement and fees (compensation for services). 2. Related to the nomination duties, the Remuneration and
9. Reviewing the implementation of audits by internal auditors Nomination Committee has the following duties and responsibilities:
and overseeing the implementation of follow-up by the Directors a. The Remuneration and Nomination Committee must prepare
on the findings of internal auditors. and provide recommendations regarding the system and
10. Reviewing and providing advice to the Board of Commissioners procedure for selecting and/or replacing members of the
regarding the potential conflict of interests of the Bank. Board of Commissioners and Board of Directors from both
11. Maintaining the confidentiality of documents, data and information local and foreign workers to the Board of Commissioners to
obtained by the Bank in the context of carrying out its role. be submitted to the General Meeting of Shareholders.
b. The Remuneration and Nomination Committee must
Risk Monitoring Committee Duties and provide recommendations:
1) Regarding prospective members of the Board of
Responsibilities Commissioners and/or Board of Directors of both local
The duties and responsibilities of the Risk Monitoring Committee and foreign workers to the Board of Commissioners to
are to assist the Board of Commissioners in order to support the be submitted to the General Meeting of Shareholders.
effectiveness of the implementation of their duties and responsibilities. 2) Providing recommendations regarding Independent
1. Providing recommendations to the Board of Commissioners Parties who will become members of the Audit
by evaluating the suitability of the risk management policy and Committee or Risk Monitoring Committee to the Board
the implementation of the policy. of Commissioners.
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244 Opening Business and Functional Review Financial Review
Committees Report
c. Recommendation procedures for prospective members of Accounting Firm to the Board of Commissioners. In addition,
the Board of Commissioners, and/or Board of Directors of the Audit Committee has evaluated the Implementation of the
both local and foreign workers, and/or Independent Parties Provision of Audit Services on the Company's annual historical
as referred to in item b) above are carried out as follows: financial information for the 2022 financial year by the Public
1) The Remuneration and Nomination Committee evaluates Accounting Firm (KAP) Purwantono, Sungkoro, Surja.
prospective members of the Board of Commissioners,
or candidates for Board of Directors from both local and 2. Risk Monitoring Committee Activities
foreign workers, or candidates for Independent Parties. During 2023 the Risk Monitoring Committee has held 6 (six)
a) Assessments are carried out based on competencies, meetings, all of which were attended by more than 51% (fifty
and track records of the candidates. one percent) of the total members of the Risk Monitoring
b) In addition, the assessment can be done through Committee including Independent Commissioners and
interviews with prospective members of the Board Independent Parties. The Risk Monitoring Committee has
of Commissioners, or Prospective Directors from provided suggestions, input and recommendations to the
both local and foreign workers, or candidates for Board of Commissioners.
Independent Parties;
c) If needed, the Remuneration and Nomination The Risk Monitoring Committee provides recommendations
Committee can use an independent Professional to the Board of Commissioners by evaluating the suitability
Institution to conduct the assessment. between risk management policies and the implementation
2) Based on the results of the assessment, the Remuneration of these policies. The Risk Monitoring Committee monitors and
and Nomination Committee: evaluates the implementation of the tasks of the Risk Management
a) Providing recommendations for candidates for Committee and the Risk Management Division.
Directors and/or Commissioners from both local
and foreign workers to the Board of Commissioners 3. Remuneration and Nomination Committee Activities
to be submitted at the GMS. During 2023 the Remuneration and Nomination Committee
b) Providing recommendations regarding Independent held 4 (four) meetings, all of which were attended by more
Parties who will become members of the Audit than 51% (fifty one percent) of the total members of the
Committee or the Risk Monitoring Committee to Remuneration and Nomination Committee including an
the Board of Commissioners. Independent Commissioner and Executive Officer in charge
of human resources or employee representatives. The
To support the smooth running of their duties, each committee Remuneration and Nomination Committee has provided
has had work guidelines and procedures. suggestions, input and recommendations to the Board of
Commissioners.
Implementation of duties of the Committees throughout 2023
seen from the minutes of the committee meeting, notes contain The supervisory mechanism by evaluating the suitability of the
recommendations to the Board of Commissioners, notes and/or remuneration policy with financial performance and the fulfillment
working papers corresponding to monitoring and evaluation in of reserves as regulated in the applicable laws and regulations;
accordance with the functions of each committee as follows: individual work performance; fairness with peer groups; and
consideration of the Bank's long-term goals and strategies.
1. Audit Committee Activities
During 2023 the Audit Committee has held 12 (twelve) meetings, Composition of the committee members under the Board of
all of which were attended by more than 51% (fifty one percent) Commissioners is in accordance with the size and complexity of
of the total members of the Audit Committee including CCB Indonesia. All members of the Committees under the Board
Independent Commissioners and Independent Parties. The of Commissioners have good track record of integrity, character,
Audit Committee has provided suggestions, input and and good moral that are well maintained by each individual.
recommendations to the Board of Commissioners.
Committee meeting decisions are taken by deliberation and/or a
The Audit Committee has participated in a series of stages majority vote. The results of the committee meeting have been
regarding the implementation of the audit of the Company's stipulated in the minutes of meetings and are well documented.
Financial Statements by the Public Accounting Firm (KAP), The results of the committee meetings are always sought to be
namely the Audit Committee has provided recommendations taken into consideration and recommendation to the Board of
for the appointment of a Public Accountant and a Public Commissioners in decision making.
Page 245
Corporate Governance Corporate Information Financial Statement Annual Report 245
Page 246
Tari Saman Aceh The Saman dance, which comes from the Gayo tribe, is typically performed at significant festivities at traditional ceremonies. Gayo languages additionally feature in the dance's lyricism. The Prophet Muhammad SAW's birthday is another occasion when this dance is frequently done.
Page 247
Corporate Information
05
Togetherness in Indonesian Traditional dance philosophy
Page 248
248 Opening Business and Functional Review Financial Review
Organizational Structure
Risk Monitoring Committee BOARD OF COMMISSIONERS
Yudo Sutanto, M. Hassan, Sun Jianzheng, Qi Jiangong,
M. Sumarsono M. Hasan, Yudo Sutanto
Remuneration & Nomination
Committee
Qi Jiangong, M. Hasan, Irwan B
BOARD OF DIRECTORS
Audit Committee
M. Hasan, M. Hassan
President Director
You Wennan
Corporate & International Commercial & Retail Banking
Banking Director Director
Zhu Yong Setiawati Samahita
Strategic Transformation
Internal Audit Division Trade Finance Division Commercial Division
Division
Rita Fitria R. Adhi Susatyo Djunaedi Hidajat
Thomas Widianto
Trade Finance - China Small & Medium
Anti Fraud Unit Credit Review Division
Desk Division Enterprise (SME) Division
Teguh Prihatno Jusry S Hausjah
Fan Man Lukman Ferdian N
IT Development
Digital Banking Division China Desk 1 Division Consumer Asset Division
Management Division
Hu Qiufeng Jing Ting Chandra Bachtiar
Li Changbin
IT Operation Corporate Banking 2 Liabilities & Branch
Management Division Division Network Division
Then Andy Tjayady Dennis Pratama S Dian Anggraeni
Treasury & Financial
Institution Division
Suriyanto Chang
Regions/Branches
Page 249
Corporate Governance Corporate Information Financial Statement Annual Report 249
Organizational Structure
Risk Management Committee : Agresius R. Kadiaman, Junianto, Zhu Yong, You Wennan, Suandi
Risk Management Sitorus, Rita Fitria, Vidya Maman T
Committee Credit Committee : You Wennan, Zhu Yong, Setiawati Samahita, Junianto
Credit Policy Committee : You Wennan, Agresius R. Kadiaman, Zhu Yong, Setiawati Samahita,
Junianto, Suandi Sitorus, Jusry Hausjah, Fan Man, R Adhi Susatyo,
Dennis Pratama, Jing Ting, Chandra Bachtiar, Djunaedi Hidajat,
Lukman Ferdian N, Eko Wahyu S, Vidya Maman T, Rita Fitria
Credit Committee ALCO : You Wennan, Chandra NT Siagian, Junianto, Zhu Yong, Setiawati
Samahita, Jusry Hausjah, Fan Man, R Adhi Susatyo, Chandra
Bachtiar, Djunaedi Hidajat, Lukman Ferdian N, Dennis Pratama,
Jing Ting, Dian Anggraeni, Suriyanto Chang, Li Qiu, Syahruddin
Yulis, Agus Setiawan, Lilis Tanuwijaya, Ka Tjing, Christiana Hidayati,
Tang Amir, Sui Seng, Liauw Tarsisius F, Herman Indra
Credit Policy Committee IT Committee : You Wennan, Junianto, Agresius R. Kadiaman, Li Changbin, Then
andy Tjayadi, Andana Eka A, Suandi Sitorus, Toni Batubara
Human Capital Committee : Junianto, You Wennan, Chandra NT Siagian, Agresius R. Kadiaman,
Zhu Yong, Setiawati Samahita, Irwan Bonto
ALCO
IT Committee
Human Capital Committee
Finance Director Operation Director Compliance Director
Chandra NT Siagian Junianto Agresius R. Kadiaman
Corporate Secretary & Special Asset
Operation Division Legal Division
Communication Management Division
Andana Eka Artjana Irarto Purwasidarma
Andreas Basuki Noviyanto Halim
Financial Planning &
Human Capital Division Trade Operation Division Compliance Division
Management Division
Irwan Bonto Iwan A.P.W. Yuliawan Vidya Maman T
Li Qiu
Accounting & Tax Operation Development Risk Management
Credit Operation Division
Division Division Division
Eko Wahyu S
Syahruddin Yulis Toni A. Baturara Suandi Sitorus
Customer Complaint General Affair & Corporate Policy,
Handling Unit (UP3N) Infrastructure Division Guidelines & Procedure
Division
Ari Landjang Rio Hardanto Victorius Hananto
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250 Opening Business and Functional Review Financial Review
Board of Commissioners Profile
Sun Jianzheng, President Commissioner
Chinese citizen, born in Hebei, China in 1963. He obtained his Bachelor of Laws
from Peking University, China in 1986 and his Master Degree in Laws from Peking
University, China in 1988, as well as his PhD Degree in National Economics from
Peking University, China in 2003.
Appointed as the Company's President Commissioner since January 25th, 2019.
Began his career at the China Investment Consulting Corporation in August 1988
until May 1990.
Subsequently began his career at the China Construction Bank Corporation in
May 1990 until now, occupying various key and strategic positions, including as
Deputy General Manager of Institutional Reform Executive Office, Deputy General
Manager of Asset & Liability Management Department, Deputy General Manager
of International Business Department (equal to GM level at Head Office) and his
last position as General Manager of Strategic Investment and Management
Department, which is responsible for domestic and foreign equity investments,
management of subsidiaries and rural banks shares ownership, management of
strategic cooperation with strategic investors, since June 2015 until now.
In the period of October 2008 until August 2015, he held concurrent positions at
China Construction Bank (London) Limited as a Non-Executive Director, in addition
to the main position at China Construction Bank Corporation, Head Office.
Since January 25th, 2019, he became effective as the Company's President
Commissioner, in addition to his main position as General Manager of Strategic
Investment and Management Department of China Construction Bank Corporation.
As Non-Independent (President) Commissioner, he undertakes the functional
duties from the China Construction Bank Corporation (the Bank shareholders in
the form of a legal entity).
Training attended in 2023:
Online Training “Risk Management Refreshment - Commissioner Level (Foreigner)”
by RDS Consulting on August 2. 2023 in Jakarta
As a member of Board of Commissioners, he has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-11/D.03/2019 dated January
17th, 2019.
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Corporate Governance Corporate Information Financial Statement Annual Report 251
Board of Commissioners Profile
Qi Jiangong, Commissioner
Chinese citizen, born in Shanxi, China on June 11th, 1970. He obtained his Bachelor
of Economics from Renmin University of China in 1992 and his Master Degree
from the University of International Business and Economics, majoring in International
Accounting Management and graduated in 1997.
Appointed as Commissioner through GMS on October 14th, 2016, and declared
effective since June 6th, 2017 until now.
Began his career at China Construction Bank Corporation since July 1997 as a
Business Manager who is responsible for managing assets/ liabilities. From October
2000 until March 2001, he held various strategic positions at China Construction
Bank Corporation. Furthermore, from March 2001 until July 2008, he was appointed
as Chief Manager and Deputy Chief Manager who is responsible for the financial
market department. Then in March 2008 until 2 August 2022, he was appointed
as Deputy General Manager and Chief Manager of Strategic Investment and
Management Department, who was in charge of Bank's strategic investments.
He was appointed as Chairman, Non Executive Director of BlackRock CCB Wealth
Management Limited on May 10, 2021 until now.
Starting August 2, 2022 until now, he was appointed as General Manager of
Financial Institutional Business Department of China Construction Bank Corporation,
who is responsible for the management of the financial institution business.
As a Non-Independent Commissioner, he undertakes the functional duties from
the China Construction Bank Corporation (the Bank shareholders in the form of
a legal entity).
Training attended in 2023:
Online Training “Risk Management Refreshment - Level 6 Commissioner” by IBI-
BCC on December 4, 2023 in Jakarta
As a member of Board of Commissioners, he has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-93/D.03/2017 dated June
5th, 2017.
Special Assignment:
Member of Remuneration and Nomination Committee since September 27th,
2017 until now.
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252 Opening Business and Functional Review Financial Review
Board of Commissioners Profile
Mohamad Hasan, Independent Commissioner
Indonesian citizen, born in Palembang in 1944. He obtained his Bachelor of Laws
in 1972 from Sriwijaya University, Palembang.
Appointed as Independent Commissioner since June 24th, 2010 and continued
after the merger of Bank Windu and Bank Anda as of November 30th, 2016 based
on the approval from the Financial Services Authority No. SR-104/PB.12/2016.
Began his career at Citibank Jakarta from May 1974 until April 1977. He then
worked at PT Multinational Finance Corporation (PT Multicor) from May 1977.
From the period of August 1985 until October 1991, he was appointed as Executive
Director, then from November 1991 until January 2003, he was appointed as
President Director. Then at PT Bank Multicor as Independent Commissioner from
June 2003 until June 2008. Since October 2008 until 2009, he served as Commissioner
in several national private companies in Jakarta. And since May 2010, he was
reappointed as an Independent Commissioner in the Company.
Training attended in 2023:
Training "Refreshment of Risk Management Level Commissioner" by Asta Consulting
on May 31,2023 in Jakarta.
As a member of Board of Commissioners, he has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-101/D.03/2016 dated
November 30th, 2016.
Special Assignment:
• Chairman of Remuneration and Nomination Committee since October 22nd,
2010 until now.
• Chairman of Audit Committee since March 14th, 2017 until now.
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Corporate Governance Corporate Information Financial Statement Annual Report 253
Board of Commissioners Profile
Yudo Sutanto, Independent Commissioner
Indonesian citizen, born in Malang, East Java in 1954. He obtained his Bachelor
of Finance in 1981 from California State University, Los Angeles, United States of
America.
Appointed as Independent Commissioner since November 2nd, 2016 based on
the approval from the Financial Services Authority No. SR-173/PB.121/2016.
Began his career at PT Bank Antardaerah since 1982 in various important positions.
In 1990, he was appointed as President Director, and in 1999 as Chairman of the
Audit Board of PT Bank Antardaerah. Since March 1999, he served as a member
of Board of Commissioners.
Training attended in 2023:
Training "Refreshment of Risk Management Level Commissioner" by Asta Consulting
on May 31, 2023 in Jakarta.
As a member of Board of Commissioners, he has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-63/D.03/2016 dated October
27th, 2016.
Special Assignment:
Chairman of Risk Monitoring Committee since February 21st, 2017.
None of the Independent Commissioners has any financial, management, ownership, family relationship with other members of Board
of Commissioners, Board of Directors and/or Controlling Shareholders or any relationship with the Company, which may affect their
ability to act independently.
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254 Opening Business and Functional Review Financial Review
Board of Directors Profile
You Wennan, President Director
Chinese citizen, born in Fujian, China in 1967. He obtained his Bachelor degree in
Automatic Control from Northwestern Polytechnic University – China in 1991.
Appointed as President Director of Company since May 2nd, 2018 based on the
approval from the Financial Services Authority No. KEP-88/D.03/2018. Previously
served as Director of the Company since November 30, 2016.
Began his career in China Construction Bank (“CCB”) at Fuzhou Branch in September
1991 as Business Manager. In June 1992 as Business Manager of CCB Fujian Province
in IT Department, then in March 2000 – February 2007 he became a Deputy
General Manager.
In February 2007, served at CCB Fujian Province Branch in Corporate Banking
Department as Deputy General Manager. Then in February 2008 as General
Manager at CCB Fujian Province Branch in Institution Clients Department. In March
2010, he became General Manager at CCB Longyan Branch. He then served at
CCB Quanzhou Branch in January 2014 as General Manager.
In October 2014, he became Deputy Director of Agency Services Companies and
Management Committee at CCB Fujian Branch.
Then from April 2016 worked in Indonesia as Deputy Head of the Preparatory
Team until November 2016, effective as Director of the Company. Then starting
May 2nd, 2018, he effectively became the President Director of the Company.
Training attended in 2023:
1. Online Training “Risk Management Refreshment Batch 1” by Kovida Training
on February 1, 2023 in Jakarta.
2. Online Training “Risk Management Refreshment Level 7” by Bintang Solusi
Laras on December 27, 2023 in Jakarta.
As President Director, he leads other Directors, and oversees Internal Audit, Credit
Review, Information Technology (IT) Development and IT Operation Management,
Strategic Transformation, Digital Banking and Anti-Fraud.
As a member of the Board of Directors, he has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-88/D.03/2018 dated April
27th, 2018.
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Corporate Governance Corporate Information Financial Statement Annual Report 255
Board of Directors Profile
Zhu Yong, Director of Corporate & International Banking
Chinese citizen, born in Guizhou, China in 1975. He obtained his Bachelor of
Economics from Shanghai Finance and Economics University, China in 1996 and
his Master Degree in Accounting from Tsinghua University, China in 2008.
Appointed as Director of the Company since March 29, 2019. Began his career in
China Construction Bank Corporation (CCB) in July 1996 in various key and strategic
positions. Started at CCB Guizhou Branch in Accounting Department until February
2001, continued to CCB Tongren Branch until July 2003 with his last position as
General Manager of Finance & Accounting Department. Returned to CCB Guizhou
Branch until October 2014, his last position was General Manager of Investment
Banking Department. In October 2014, he was appointed as Director of CCB
Guiyang Jingrui Branch and then in November 2014 was appointed as President
Director at CCB Guiyang Jingrui Branch, in this matter responsible for comprehensive
management of CCB Guiyang Jingrui Branch, including business development,
internal risk control, and others.
Training attended in 2023:
1. Online Training “Risk Management Refreshment Batch 1” by Kovida Training
on February 1, 2023 in Jakarta.
2. Workshop “Management Training” by CCB Corporation on June 25-30, 2023
in Beijing, China.
3. Online Training “Risk Management Refreshment Level 7” by Bintang Solusi
Laras on December 27, 2023 in Jakarta.
As a Director, he oversees China Desk, Corporate Banking, Trade Finance, Trade
Finance China Desk, Treasury dan Financial Institution.
As a member of the Board of Directors, he has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-4/D.03/2019 dated January
4th, 2019.
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256 Opening Business and Functional Review Financial Review
Board of Directors Profile
Setiawati Samahita, Director of Commercial & Retail Banking
Indonesian citizen, born in Pekan Baru in 1961. She obtained her Bachelor of
Agricultural Technology from the Faculty of Agricultural Technology majoring in
Food Science and Nutrition with a predicate of Very Satisfactory from Bogor
Agricultural University in 1984 and her Master degree in Management from PPM
School of Management Jakarta in 2007 with a predicate of Cum Laude.
Appointed as Director of the Company since June 2010 and continued after the
merger of Bank Windu and Bank Anda as of November 30th, 2016 based on the
approval from the Financial Services Authority No. SR-104/PB.12/2016.
Began her career at PT Sanmaru Food Manufacturing (PT Indofood S.M) as Assistant
Manager of Snack Food Research & Development from March 1985 until March
1986. Then in April 1986 at FEBC Manila Jakarta (YASKI) Radio as Head of Recording
Studio until December 1988. Began her banking career at Bank Bali in June 1990 as
Development Program Officer until December 1990. Subsequently she held various
positions as Account Officer from December 1990 until February 1995, as Team
Leader of Commercial Loan Bogor from March 1995 until October 1995. Promoted
as General Manager at PT Bank Bali Bogor from November 1995 until December
1995. At the same time, she served as Commissioner at BPR Bali Dayaupaya Mandiri
from July 1995 until May 1998. Then as Chief General Manager from January 1996
until May 2000, and since June 2000 was promoted as General Manager Forex
Trading Business until August 2000. Next, she served at PT Bank Lippo as Deputy
Regional Head from September 2000 until February 2001. She served at PT Bank
OCBC NISP as Head of Bogor Branch from March 2001 until January 2005. Continued
as Branch Department Head of Reg.2 from February 2005 until June 2006 and was
promoted as Region Head of Reg. 5 from July 2006 until January 2009. In January
2009, she served as Senior Corporate Executive concurrent as Region Head of
Sumatra until November 2009.
Training attended in 2023:
1. Online Training “Risk Management Refreshment Batch 1” by Kovida Training
on February 1, 2023 in Jakarta.
2. Hybrid Training "Leadership Directorate of Commercial and Retail Banking"
by Teen Talent Indonesia on February 13, 2023 in Jakarta.
3. Training "Personal Data Protection" by the Ministry of Communication and
Information on February 22, 2023 in Jakarta.
4. Health Talk Seminar "Heart Disease and Solutions" by ACA and Brawijaya
Hospital on August 25, 2023 in Jakarta.
5. Online Training "Mandarin Language Training" by Jennie Sunarso on October
1, 2023 - December 31, 2023 in Jakarta.
6. Seminar "Indonesia International Waste Treatment Technology 2023" by
Nuswantara Adhidaya Perkasa on November 1-2, 2023 in Jakarta.
7. Online Training “Risk Management Refreshment Level 7” by Bintang Solusi
Laras on December 27, 2023 in Jakarta.
As a Director, she oversees Commercial, Small & Medium Enterprise (SME), Consumer
Assets, Liabilities & Branch Network and Regions/Branches.
As a member of the Board of Directors, she has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-103/D.03/2016 dated
November 30th, 2016.
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Corporate Governance Corporate Information Financial Statement Annual Report 257
Board of Directors Profile
Junianto, Director of Operations
Indonesian citizen, born in Rembang in 1967. He obtained his Bachelor of
Economics/Management from Satya Wacana Christian University – Salatiga (UKSW)
in 1991 and his Master degree in Management (MM Executive) from Prasetya
Mulya Graduate School – Jakarta in 2002.
Appointed as Director of the Company since August 2013 and continued after
the merger of Bank Windu and Bank Anda as of November 30th, 2016 based on
the approval from the Financial Services Authority No. SR 104/PB.12/2016.
Began his career at PT Bank Universal, Tbk (now is PT Bank Permata, Tbk) from May
1992 until March 1993 as Trainee of Management Development Program (MDP).
In April 1993, he was appointed as Account Officer of Semarang Branch until May
1995. From June 1995, he served as Team Leader of Corporate Banking Jakarta
until December 1997. Then from January 1998 until December 1999, he became
the Head Caretaker of Bandung Branch.
Then from January 2000, he served as Account Manager, Jakarta until March 2003.
In April 2003, he became Team Leader – Parts, Tools & Machinery. From May 2003,
he started his career at PT Bank NISP Tbk as Credit Risk Section Head Jakarta until
December 2004. From January 2005 until September 2005, he served as Commercial
Credit Development Head. Then from September 2005, he was appointed as
Corporate Business Head Jakarta until January 2006. Continued as Marketing
Coordinator of Jakarta V until February 2006. Then served as Marketing Department
Head of Regional V Jakarta and Branch Head of Bekasi concurrent as Area Coordinator
from February 2006 until January 2009. Continued as Distribution Head of Metro
Surabaya (Emerging Business and Commercial Head) in January 2009 until June
2010. From July 2010, he worked at PT Bank Windu Kentjana International, Tbk as
Regional Head of Jabodetabek until December 2010. Then he was appointed as
Regional Head Sumatera, Bali, Pontianak & Jatabek in January 2011 until August
2013.
The trainings attended in 2023 as follow:
1. Online Training “Risk Management Refreshment Batch 1” by Kovida Training
on February 1, 2023 in Jakarta.
2. Online Training "Risk Weighted Assets (RWA) Operational Risk Using the
Standard Approach in calculating the Batch 1 KPMM ratio" by RMG on October
8, 2023 in Jakarta.
3. Training "Redefining Human Capital: Inspiring People to Take Action" by
Indonesia HR Summit on June 19-20, 2023 in Nusa Dua, Bali.
4. Online Training “Risk Management Refreshment Level 7” by Bintang Solusi
Laras on December 27, 2023 in Jakarta.
As a Director, he oversees Operation, Trade Operation, Credit Operation, General
Affair & Infrastructure, Special Assets Management, Human Capital dan Operation
Development.
As a member of the Board of Directors, he has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-109/D.03/2016 dated
November 30th, 2016.
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258 Opening Business and Functional Review Financial Review
Board of Directors Profile
Chandra N T Siagian, Director of Finance
Indonesian citizen, born in Medan in 1971. He obtained his Bachelor of Economics
majoring in Economics and Accounting from the University of Indonesia in 1994.
Appointed as Director of the Company since November 2018.
Began his career in banking at Bank HSBC from September 1994 until September
2004 in various fields such as Financial Controller, IT Business Analyst, Customer
Services and Treasury Services with various key positions including as the Head of
Finance.
After that, he continued his career at Standard Chartered Bank since September
2004 until February 2007 as the Head of Business Finance and Strategic Customer
Management for Consumer Banking. Then from March 2007 until April 2009, he
had a career at Bank Permata as the Head of Change Management/Strategic
Performance Management.
In May 2009, as Head of Business Planning and Analytics in Barclays Bank until June
2010. Furthermore, in July 2010 he continued his career in Bank Permata with a
number of key positions, most recently as the Head of Performance Management
& Corporate Planning until July 2018.
The trainings attended in 2023 as follow:
1. Online Training “Risk Management Refreshment Batch 1” by Kovida Training
on February 1, 2023 in Jakarta.
2. Workshop "Team Building Directorate of Finance" by Lennira Team on October
21-22, 2023 in Bogor.
3. Webinar "How to Drive Corporate Performance through Accounting Practices"
by the OJK Institute on November 9, 2023 in Jakarta.
4. Online Training “Risk Management Refreshment Level 7” by Bintang Solusi
Laras on December 27, 2023 in Jakarta.
He has received “The Best Performance CFO 2023 in Revenue Optimization Through
Business Segmentation Development” from Warta Ekonomi magazine on February
28, 2023.
He has also received “Indonesia Best CFO 2023 Award” from SWA magazine on
September 7, 2023.
As a Director, he oversees Corporate Secretary & Communication, Financial Planning
& Management, Accounting & Tax, and Customer Complaint Handling.
As a member of the Board of Directors, he has adhered to all the requirements
stipulated in the Financial Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6), No. 27/POJK.03/2016, Circular
Letter of Financial Services Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No. KEP-188/D.03/2018 dated
November 14th, 2018.
Page 259
Corporate Governance Corporate Information Financial Statement Annual Report 259
Board of Directors Profile
Agresius Robajanto Kadiaman, Director of Compliance
Indonesian citizen, born in Jakarta in 1967, He obtained his Bachelor of Economics
majoring in Economics & management from the University of Indonesia in 1991
and his Master degree in Business Administration from Nanyang Technological
University, Singapore in 2003.
Appointed as Director of the Company since February 6th, 2019.
He began his career in banking at Citibank N.A. in April 1991 until April 1997,
including as Financial Control Staff, Relationship Manager and lastly served as
Assistant Vice President, Financial Institutions and Custody.
After that, he continued his career at PT Bank Danamon Tbk since May 1997 until
November 1999 with last position as Head of Treasury and International Division.
Since November 1999 until July 2002, he worked at the Indonesian Bank Restructuring
Agency in various key positions such as the Head of Bank Restructuring and Head
of Risk Management and Compliance Division. In the period of November 1999
until November 2000, he was appointed as Member of the Management Team
at PT Bank Bali Tbk in the framework of the bank restructuring and recapitalization
process.
After completing his Master degree at Nanyang Technological University, he
restarted his career as an Advisor at PT Trans Pacific Petrochemical Indotama in
September 2003 until February 2004. Then in February 2004, he was appointed
as the Director of Finance at PT Tuban Petrochemical Industries until May 2004.
In May 2004, he returned to PT Trans Pacific Petrochemical Indotama until August
2008 with last position as the Vice President Director and Chief Financial Officer.
He continued his career at PT Sampoerna Strategic in Micro Finance Business Unit
in August 2008 as the Chief Financial Officer and Acting Chief Risk Officer until
December 2011. In the period of January 2012 until April 2015, he was appointed
as the Director of Finance at PT Bank Sahabat Sampoerna.
Subsequently became the Country Channel Partner at BIG APC Singapore in May
2015 until July 2016, and in almost the same period, he was appointed as the
President Director of PT Karabha Digdaya in October 2015 until July 2016.
In July 2016, he was appointed as the Director of Finance at PT Sarana Multi
Infrastruktur until July 2018. Meanwhile, in September 2016, he also became an
Advisor to the Board of Directors at PT Karabha Digdaya until early February 2019.
In September 2018 until the beginning of February 2019, he also served as an
Advisor to the Executive Management in Non-Government Budget Investment
Financing (PINA), Ministry of National Development Planning.
The trainings attended in 2023 includes:
1. Seminar "Financial Services Industry Outlook in 2023" by Financial Services
Authority (OJK) on January 10, 2023 in Jakarta.
2. Training "Refreshment of Risk Management Certificate: Digital Transformation
and Its Implications on Risk Management" by Gagasan Risiko Manajemen on
February 1, 2023 in Jakarta.
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260 Opening Business and Functional Review Financial Review
Board of Directors Profile
3. Online Training "Risk Weighted Assets (RWA)
Operational Risk Using the Standard Approach
in calculating the Batch 1 KPMM ratio" by RMG
on February 8, 2023 in Jakarta
4. Webinar "Anti Money Laundering in the Digital
Era: Lessons Learned from Selected Countries"
by OJK Institute on April 6, 2023 in Jakarta.
5. Webinar "Metaverse Opportunities in the
Financial Services Industry" by OJK Institute on
May 11, 2023 in Jakarta.
6. Webinar "Getting to Know More About the
Regulations on the Financial Sector Development
and Strengthening Law (UU P2SK) in the Context
of Strengthening the Banking Sector" by OJK
Institute on June 22, 2023 in Jakarta.
7. Online Training "Implementation of Personal Data
Protection Laws and Challenges to Their
Implementation" by FKDKP on July 12, 2023 in Jakarta.
8. Workshop "2023 Training Session for Compliance
Officers of Overseas Institutions" by CCB
Corporation on July 17-21, 2023 in Xiamen, China.
9. Webinar "Socialization of Financial Services
Authority Regulations on the Implementation
of Governance for Commercial Banks" by OJK
Institute on September 19, 2023 in Jakarta.
10. Seminar "Socialization of the Resolution Plan
and Premiums for the Banking Restructuring
Program (PRP)" by Deposit Insurance Corporation
(LPS) on November 1-2, 2023 in Bandung.
11. Workshop "Risk Management Training for
Overseas Institutions" by CCB Corporation on
November 13-14, 2023 in Qindao, China.
12. Online Training "Risk Management Refreshment
Level 7" by Bintang Solusi Laras on December
27, 2023 in Jakarta.
As a Director, he oversees Compliance, Risk Management,
Legal, and Corporate Policy Guidelines & Procedures.
As a member of the Board of Directors, he has adhered
to all the requirements stipulated in the Financial
Services Authority Regulation No. 33/POJK.04/2014
(formerly Capital Market Authority Regulation IX.I.6),
No. 27/POJK.03/2016, Circular Letter of Financial Services
Authority No. 39/SEOJK.03/2016 and has obtained
approval from the Financial Services Authority No.
KEP-17/D.03/2019 dated January 31st, 2019.
All members of the Company's Board of
Directors do not have any financial,
management, ownership, family relationship
with other members of Board of Directors,
Board of Commissioners and/or Controlling
Shareholders or any relationship with the
Company, which may affect their ability to act
independently.
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Corporate Governance Corporate Information Financial Statement Annual Report 261
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262 Opening Business and Functional Review Financial Review
Executive Officers
No. Name Citizen Last Position Place and date of birth Join Date Education Major University
1. Andreas Herman Basuki WNI Corporate Secretary Jakarta 13-Nov-64 02-Jan-08 S1 Management Universitas Trisakti
2. Rio Hardanto WNI General Affair & Infrastructure Division Head Jakarta 18-May-75 17-Jul-17 S1 Politic Universitas Indonesia
3. Andana Eka Artjana WNI Operation Division Head Surabaya 30-Mar-67 11-Aug-08 S1 Accounting UPN Veteran Surabaya
4. Toni Azliyanto Batubara WNI Operation Development Division Head Jakarta 19-May-73 09-Aug-10 S1 Banking STIE Bhakti
Management Pembangunan
5. Syahruddin Yulis WNI Accounting & Tax Division Head Jambi 17-Oct-73 20-Oct-20 S1 Accounting STIE Malangkucecwara
6. Irwan Ignatius Bonto WNI Human Capital Division Head Makassar 19-Aug-65 03-Jun-13 S1 Law Universitas Hasanuddin
7. Li Changbin China Head of IT Development Management Guangdong 01-Nov-88 27-Apr-21 S2 Electronic & South China University
Division Communication of Technology
Engineering
8. Then Andy Tjayady WNI IT Operation Management Division Head Jakarta 27-Apr-79 06-Jan-23 S2 Computer Universitas Bunda Mulia
9. Irarto Purwasidarma WNI Legal Division Head Surabaya 16-Jan-76 07-Jun-18 S2 Law Monash University
10. Chandra Bachtiar WNI Consumer Asset & E-Banking Division Head Jakarta 10-Feb-69 03-Jan-11 S1 Management Universitas Atmajaya
11. Lukman Ferdian Nugraha WNI Small & Medium Enterprise (SME) Division Bogor 06-Feb-87 11-Apr-16 S1 Information & Universitas Padjadjaran
Head Library Science
12. Djunaedi Hidajat WNI Commercial Division Head Karawang 26-Sep-70 18-Jan-10 S2 Management Universitas Tarumanegara
13. Suriyanto Chang WNI Treasury & Financial Institution Division Head Medan 20-May-68 08-Aug-16 S1 Management Universitas Tarumanegara
14. R. Adhi Susatyo WNI Trade Finance Division Head Bandung 09-Dec-70 17-Apr-17 S2 Business Strayer University
Administration
15. Suandi Sitorus WNI Risk Management Division Head Tapanuli 30-Nov-79 01-Aug-10 S1 Accounting Universitas Negeri Medan
16. Vidya Maman Timbowo WNI Compliance Division Head Donggala 10-May-81 29-Nov-19 S1 Law Universitas Sam
Ratulangi
17. Victorius Hananto WNI Corporate Policy, Guidelines & Procedure Wonogiri 03-Jun-75 16-Sep-13 S1 Forest Universitas Gadjah Mada
Division Head Management
18. Jusry Sandhi Hausjah WNI Credit Review Division Head Jakarta 15-Jun-69 01-Dec-16 S1 Management Universitas Trisakti
19. Thomas Widianto WNI Strategic Transformation Division Head Yogyakarta 07-Aug-71 18-Mar-10 S1 Management Universitas Atma Jaya
Yogyakarta
20. Iwan Apw Yuliawan WNI Trade Operation Division Head Palembang 23-Jul-65 21-May-07 S1 Management Universitas Pancasila
21. Jing Ting China China Desk 1 Division Head Chongqing 19-Sep-86 13-Jun-22 S2 Finance Sichuan University
22. Fan Man China Trade Finance-China Desk Division Head Guangxi 21-Nov-92 20-Feb-21 S1 Arts Guangxi University
23. Noviyanto Halim WNI Special Asset Management Unit Head Teluk 24-Nov-72 01-Jul-03 S1 Management Universitas Kristen Krida
Betung Wacana
24. Eko Wahyu Suprihatino WNI Credit Operation Division Head Jakarta 22-Feb-72 10-Feb-10 S1 Finance & STIE PERBANAS
Banking
Management
25. Ari Landjang WNI Customer Complaints Handling Unit (UP3N) Tanjung 05-Nov-68 05-Jan-11 S1 Oil Engineering Universitas Veteran
Jogya
26. Teguh Prihatno WNI Anti Fraud Unit Head Jakarta 06-Jun-72 05-Jan-15 D3 Computer STMIK Gunadarma
Technics
27. Hu Qiufeng China Digital Banking Division Head Hunan 20-Dec-97 04-Dec-23 S1 Arts Guangdong University
28. Dian Anggraeni WNI Liabilities & Branch Network Division Head Jakarta 05-Jun-80 28-Jul-16 S1 Mathematics Universitas Indonesia
and Natural
Science
29. Rita Fitria WNI Audit Internal Division Head Bireun 05-Jul-78 22-May-23 S2 International Queensland University
Business Of Technology
30. Dennis Pratama Setiawan WNI Corporate Banking 2 Division Head Jakarta 02-Sep-89 25-Aug-16 S1 Economics Universitas Jiangnan,
China
Page 263
Corporate Governance Corporate Information Financial Statement Annual Report 263
Executive Officers
No. Name Citizen Last Position Place and date of birth Join Date Education Major University
31. Li Qiu China Asset Liability Management Divison Head Sichuan 20-Aug-83 05-Dec-20 S2 Finance Chongqing University
32. Sui Seng WNI Regional Head of Sumatra, Kalimantan and Tanjungbatu 04-Mar-71 03-Jan-11 S1 Management STIE Gotong Royong
Sulawesi
33. Tang Amir WNI Regional Head of Jawa Timur, Bali & Nusa Rantau 23-May-64 01-Dec-16 S2 Finance Universitas Negeri
Tenggara Prapat Management Mataram
34. Agus Setiawan Tjahjadi WNI Regional Head Jakarta I Jakarta 24-Aug-70 03-May-10 D3 Informatics STMIK Bina Nusantara
Management
35. Liauw Tarsisius Fredy WNI Regional Head of Jawa Barat Yogyakarta 21-May-69 02-Jun-21 S1 Management Universitas Trisakti
36. Lilis Tanuwijaya WNI Regional Head Jakarta II Pontianak 30-Jun-66 16-Jan-06 S1 Accounting Universitas Tanjungpura
37. Ka Tjing WNI Regional Head Jakarta III & Karawang Kep. Riau 26-Sep-65 02-Jan-08 S1 Accounting STIE YKPN
38. Christiana Hidayati W WNI Regional Head of Jawa Tengah & Yogyakarta SURAKARTA 27-Dec-69 28-Jan-19 S2 Management Universitas Gadjah Mada
39. Herman Indra WNI Regional Head Tangerang & Sumatera Palembang 24-Feb-83 07-Mar-16 S1 Informatic Universitas Bina
Technics Nusantara Jakarta
40. Resdy WNI Branch Manager of Bogor - Pajajaran Bogor 02-Jan-86 04-Oct-23 S1 Manajemen Universitas Tarumanegara
41. Tenny Rusmarwati WNI Branch Manager of Bandung - Bandung 08-Jul-70 02-Jan-15 SMA IPS SMU Swasta Trinitas,
Abdurachman Saleh Bandung
42. Palguno Jatu Laksito Adi WNI Branch Manager of Solo-Veteran Boyolali 07-Jan-86 02-Sep-19 S1 Economics Universitas Islam
Indonesia
43. Grace Raynata WNI Branch Manager of Semarang - Pemuda Malang 21-Mar-87 17-Apr-18 S1 Management Universitas Kristen
merangkap Sub BM Semarang-Depok Satya Wacana
44. Henri WNI Branch Manager of Tanjung Pinang - Tanjung 22-Jan-85 15-Sep-14 S1 Management Universitas Terbuka
Katamso Pinang
45. Paulus Sin Kiang WNI Branch Manager of Pontianak - Ahmad Yani Pontianak 15-May-67 01-Apr-10 S1 Management Universitas Terbuka
46. Indra Wijaya WNI Branch Manager of Batam-Nagoya Sungailiat 19-Apr-88 03-Mar-14 S1 Sistem Universitas Bina
Informasi Nusantara, Jakarta
47. Erwan Chandra WNI Branch Manager of Palembang - Kebumen Palembang 27-Apr-84 10-Oct-22 S1 Business STMIK MDP Palembang
Administration
48. Mikael Gutomo WNI Branch Manager of Jakarta, Sahid Sudirman Balik Papan 11-Dec-85 09-May-11 S1 Social Politics Universitas Atma Jaya
Yogyakarta
49. Budi Hermawan WNI Branch Manager of Yogyakarta - Yogyakarta 04-Jan-72 01-Jun-11 S1 Economics Universitas Atma Jaya
Diponegoro Yogyakarta
50. Andry Asali WNI Branch Manager of Pekanbaru - Jend. Pekanbaru 28-Aug-76 01-Mar-11 S2 Management Universitas Atma Jaya
Sudirman Yogyakarta
51. Henrij WNI Branch Manager of Lampung - Sudirman Metro 29-Oct-68 24-Feb-11 S1 Management Universitas Terbuka
Lampung
52. Eric Gandiwijaya WNI Branch Manager of Sukabumi – A Yani Sukabumi 15-Jan-81 17-Sep-12 S1 Management Universitas Kristen
Maranatha
53. David Yoesoef WNI Branch Manager of Makassar Makassar 06-Aug-70 14-Nov-14 S1 Banking Sekolah Tinggi Ilmu
Financial Ekonomi Makassar
Management
54. Farida Andryani WNI Branch Manager of Pangkal Pinang Pangkal 23-Apr-85 08-Oct-21 D3 Accounting STIMIK AMIK Atma
Pinang Computer Luhur
55. Riky Hariawan Saputro WNI Branch Manager of Denpasar - Bali Sunset Denpasar 30-Jun-93 15-Sep-14 S1 economic Universitas Pendidikan
Road Nasional, Denpasar
56. Linawati WNI Branch Manager of Malang - Basuki Rahmat Pasuruan 29-May-87 27-Jun-22 S1 Economic Universitas Tritunggal
management
57. Antonius Andrianto WNI Branch Manager of Surabaya - Pucang Jember 12-Apr-72 01-Aug-22 S1 Civil Universitas Katolik Widya
Anom Engineering Mandala, Surabaya
58. Sudjaja Suhanta WNI Branch Manager of Karawang Karawang 01-May-66 01-Oct-18 D3 Economics STIE Swadaya, Jakarta
Page 264
264 Opening Business and Functional Review Financial Review
Product, Services and Rate Information
Saving Products
1. Savings Account 2. Bancassurance
• CCB Indonesia Saving • Inheritance Insurance
• CCB Indonesia Saving Plus • SmartPension Insurance
• CCB Indonesia Community Saving • Carlink Pro Ultimate
• CCB Indonesia Business Saving IDR • SiJi Smart Kid
• CCB Indonesia Foreign Business Saving (USD, SGD, CNY) • CLII Excellent Hospital Income Plan
• CCB Indonesia SmartPlan Regular • CLI Excellent Academic Assurance Plan
• CCB Indonesia SmartPlan Special Gift
• CCB Indonesia Payroll Saving
• Student Savings (SimPel)
• CCB Indonesia Time Deposit (IDR, USD, SGD, CNY)
• CCB Indonesia Current Account (IDR, EUR, JPY, SGD, USD,
CNY, AUD, HKD)
Loan Products
1. Working Capital Loan • Negotiation/Discounting under LC/SKBDN
a. Direct Loan: • Documentary Collection under L/C or SKBDN
• Overdraft Loan • Documentary Collection non L/C or SKBDN (D/A or
• Fixed Loan (FL) D/P)
• Demand Loan (DL) • Invoice Financing (A/P or A/R Financing)
• Installment Loan (IL) • Trust Receipt
• Trust Receipt (TR)
• Export Loan 2. Investment Loan
b. Indirect Facility (Trade Finance): 3. Consumer Loan
• Letter of Credit (L/C) • Mortgage Loan (Housing Loan/ Shophouses /Apartment/
• Local L/C (SKBDN) Land/Renovation Loan/Construction Loan/Multi-purpose
• Bank Guarantee Loan/Top Up/Take Over)
• Standby Letter of Credit (SBLC) • Vehicle Loan
• Demand Guarantee • Unsecured Loan
Corporate Banking Products
• Investment Loan (KI) • Demand Loan (DL)
• Installment Loan (IL) • Overdraft (PRK)
• Fixed Loan • Syndication Loan
Page 265
Corporate Governance Corporate Information Financial Statement Annual Report 265
Product, Services and Rate Information
Services
• ATM (All Prima ATM Network) 1. ATM / Debit Card
• Internet Banking (Corporate & Individual) & Mobile Banking • Transactions on CCB Indonesia ATM network
• Virtual Account - Cash withdrawal, balance inquiry, overbooking,
• CCBI Alerts (SMS & e-mail Notification) online transfer
• Domestic Transfer - Mobile phone top-up balance
• International Transfer - Postpaid mobile phone bill payment, pay TV, BPJS,
• Clearing PDAM bills
• Internasional Remittance
• Foreign Exchange Trading • Transactions on Prima and ALTO networks
• Export and Import (Trade Finance) - Cash withdrawals, balance inquiry, online transfers
• Bank Settlement - ATM / Debit Card with the NPG (National Payment
• Safe Deposit Box (SDB) Gateway) logo
• Payroll Service
• Bank Guarantee 2. Internet Banking and Mobile Banking
• State Receipt Module (MPN) G3 • Corporate Internet Banking
• Reksus (Special Account Services) DHE SDA IDR, USD, CNY, SGD) - Information of Transaction history, Overbooking,
• Bilateral Payment between Indonesia and China (in IDR/CNY) Online Transfer, SKN, RTGS and BI-FAST
• Prefix (transfer to CCB China) - Payroll
- Virtual Account
- Chinese Language Support
• Individual Internet Banking & Mobile Banking
- Information of Transaction history, Overbooking,
Online Transfer, SKN, RTGS and BI-FAST
- Purchases: Mobile Phone top-up balance, Train
Tickets, PLN prepaid
- Payment: Mobile Phone postpaid bills, Pay TV, PDAM,
Electricity bills, Credit Card bills
- QRIS Payment
- Chinese Language Support
Page 266
266 Opening Business and Functional Review Financial Review
Product, Services and Rate Information
Trade Finance Services
• Issuance of Letter of Credit (L/C) and Local L/C • Supply Chain Financing
(SKBDN) • Invoice Financing
• Bank Guarantee a. A/P Financing
• Standby L/C b. A/R Financing
• Demand Guarantee • Pre Shipment Financing (LC/Local LC/PO/Sales Contract)
• L/C or SKBDN Discounting/Negotiation • Documentary Collection under L/C and Non L/C
• Non L/C or Non SKBDN Discounting (D/A, D/P) • L/C advising
• Bill of Exchange Avalization (non L/C) • Trust Receipt (T/R)
Treasury
• FX Today, Tommorow and Spot • Deposit on Call
• FX Forward / Swap • Local Currency Settlement (LCS)
• Bank Notes • Non – Delivery Forward (NFD)
Average Interest Rate
Average Interest Rate of Third Party Fund: Average Interest Rate of Loan:
Third Party Fund 2023 2022 Loan 2023 2022
1. Current Account 1. Loan
- Rupiah 2.73% 2.27% - Rupiah 7.94% 7.94%
- FX 0.79% 0.33% - FX
2. Saving US$ 6.81% 4.30%
- Rupiah 1.65% 1.58% Sin$ 6.64% 6.32%
- FX 0.84% 0.82% 2. Employee Loan 3%-13% 3%-13%
3. Time Deposit
- Rupiah 4.88% 3.60%
- FX 4.61% 2.62%
Page 267
Corporate Governance Corporate Information Financial Statement Annual Report 267
Page 268
268 Opening Business and Functional Review Financial Review
Offices Network
Office Network of PT Bank China Construction Bank Indonesia
No Office Address Phone Fax
1. Head Office Sahid Sudirman Centre Lantai 15 021-50821000 021-50821010
Jl. Jend. Sudirman Kav. 86, Central Jakarta
10220
CENTRAL JAKARTA, DKI JAKARTA PROVINCE
No Office Address Phone Fax
2. Sub Branch Office Jakarta Tanah Jl. H. Fachrudin Blok C/47-48, 021-3456412 / 021-3909693
Abang Tanah Abang Bukit (AURI), Central Jakarta 3803124
10250.
3. Sub Branch Office Jakarta Hasyim Jl. KH. Hasyim Ashari No. 40, West Jakarta 021-6323027 021-63857350
Ashari 10140
4. Sub Branch Office Jakarta Jl. Pecenongan No. 88, Central Jakarta 10170 021-3863328/ 021-3868504
Pecenongan 3868450
5. Sub Branch Office Jakarta Batavia Menara Batavia Lt. 1, Jl. KH. Mas Mansyur 021-57930045/48 021-57930046
Kav. 126, Central Jakarta 10220
6. Sub Branch Office Jakarta Intiland Intiland Tower Main Lower Ground 021-57953078-80 021-57950213
Jl. Jend. Sudirman Kav. 32,
Central Jakarta 10220
7. Branch Office Jakarta Sahid Lantai Dasar Unit DB 021 - 50821388 021 - 50821399
Sudirman Gedung Perkantoran Sahid Sudirman Center
Jl. Jend. Sudirman Kav 86, Central Jakarta,
10220
SOUTH JAKARTA, DKI JAKARTA PROVINCE
No Office Address Phone Fax
8. Sub Branch Office Jakarta Radioa Jl. Radio Dalam A/1A (Komp. Yado) 021 - 27513213/14 021 - 27513211
Dalam South Jakarta, 12140
9. Sub Branch Office Jakarta Komplek Permata Kebayoran Plaza 021-2701104 021-7268763
Kebayoran Lama Jl. Raya Kebayoran Lama Blok A No. 3-4
South Jakarta 12220
10. Sub Branch Office Jakarta Menara Ground Floor (Plaza) Suite GF-03 DEA Tower II, 021-5762939 021-5761248
Dea Kawasan Mega Kuningan
Jl. Mega Kuningan Barat Kav. E4.3 No 1-2
South Jakarta 12950.
11. Sub Branch Office Jakarta Plaza Plaza Asia Lt. Dasar, Jl. Jend. Sudirman Kav. 59, 021-51401255 021-51401259
Asia South Jakarta 12190
12. Sub Branch Office Jakarta Wisma Indocement Lt. Dasar 021-51401255 021-5705853
Indocement Jl. Jend. Sudirman Kav. 70-71
South Jakarta 12910
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Corporate Governance Corporate Information Financial Statement Annual Report 269
Offices Network
WEST JAKARTA, DKI JAKARTA PROVINCE
No Office Address Phone Fax
13. Sub Branch Office Jakarta Hayam Jl. Hayam Wuruk No. 106 B-C 021-2601333 021-2601314
Wuruk West Jakarta 11160 (hunting)
14. Sub Branch Office Jakarta Asemka Jl. Asemka No. 24, West Jakarta 11110 021-6901818 021-6906040
15. Sub Branch Office Jakarta Slipi Jl. Let. Jend. S. Parman Kav. 92 021-5668292 021-566185
West Jakarta 11420
16. Sub Branch Office Jakarta Glodok Jl. Pinangsia (Glodok Plaza ) H.40 021-62200264 021-6245671
West Jakarta 11000
17. Sub Branch Office Jakarta Jl. Pesanggrahan Raya 3 C, West Jakarta 11620 021-58902433 021-5862906
Pesanggrahan
18. Sub Branch Office Jakarta Ruko Ketapang Business Centre Blok A-9, 021-63866239-40 021-63866243
Ketapang Jl. KH. Zainul Arifin No. 20, West Jakarta 11140
NORTH JAKARTA, DKI JAKARTA PROVINCE
No Office Address Phone Fax
19. Sub Branch Office Jakarta Kelapa Komplek Gading Bukit Indah 021-22454101/ 021-22454252
Gading Bukit Indah Blok A No. 12 dan 15, Jl. Bukit Gading Raya, 22452019
North Jakarta
20. Sub Branch Office Jakarta Pusat Grosir Pasar Pagi Lt. 3 Blok D No. 8 021-6013630/ 021-6491466
Mangga Dua Jl. Arteri Mangga Dua Raya 6255647
North Jakarta 14430
21. Sub Branch Office Jakarta Pluit Jl. Pluit Sakti Raya 28 / A-5 021-6601236/ 021-6604293
North Jakarta 14450 6601256
22. Sub Branch Office Jakarta Ruko Kantor (Kokan) Plaza Kelapa Gading 021-45851477 021-45851543
Kelapa Gading Inkopal Blok C No. 5, Jl. Raya Boulevard Barat
North Jakarta 14240
23. Sub Branch Office Jakarta Gold Gold Coast Office, Pantai Indah Kapuk 021-39710800 -
Coast PIK RT 06 RW 02, Kamal Muara, Penjaringan
North Jakarta, 14470
24 Sub Branch Office Jakarta Sunter Komplek Rukan Puri Mutiara Blok D No. 7 021-6521295-96 021-6521307
Jl. Griya Utama – Sunter Agung
North Jakarta 14350
EAST JAKARTA, DKI JAKARTA PROVINCE
No Office Address Phone Fax
25. Sub Branch Office Jakarta Bukit Duri Plaza, Jl. Jatinegara Barat No. 54 E 021-2800082 021-8501833
Jatinegara East Jakarta 13650
26. Sub Branch Office Jakarta Wisma Indomobil 021-8583179 021-8583181
Indomobil Lt. 2, Jl. MT. Haryono Kav.8
East Jakarta 13330
27. Sub Branch Office Jakarta Jl. Pemuda No. 33 A, Rawamangun 021-47884980/ 021-47884981
Rawamangun East Jakarta 13220 47884982
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270 Opening Business and Functional Review Financial Review
Offices Network
TANGERANG, BANTEN PROVINCE
No Office Address Phone Fax
28. Sub Branch Office Tangerang Jl. Merdeka No. 207 D, Tangerang 15113 021-55791905/ 021-55791906
Merdeka 55791907
29. Sub Branch Office Tangerang The Prominence Tower GF 021-80600838
Alam Sutera Prominence Jl. Jalur Sutera Barat No. 15 Alam Sutera,
Tangerang 15143
30. Sub Branch Office Tangerang Jl. Boulevard Gading Serpong 021- 54203693 021- 54203762
Gading Serpong Blok BA-02 No. 37, Tangerang 15810
31. Sub Branch Office Tangerang ITC ITC BSD Blok R No. 39, BSD City 021-53154836-38/ 021-53154840
BSD Serpong, Tangerang Selatan 15320 53154839
32. Sub Branch Office Tangerang City Ruko Business Park Tangerang City 021-55781813 / 021-55781816
Blok B No. 28, Tangerang 15117 55781814
BEKASI, WEST JAVA PROVINCE
No Office Address Phone Fax
33. Sub Branch Office Bekasi Komplek Duta Plaza Blok B II No. 3-4 021- 8843510/ 021 - 8843126
Kalimalang Jl. KH. Noor Ali, Kalimalang, Bekasi 17145 8843511
34. Sub Branch Office Bekasi Harapan Ruko Boulevard Hijau Blok B 8 No. 52 021- 88387063-65 021 - 88387067
Indah Kota Harapan Indah, Bekasi 17131
35. Sub Branch Office Bekasi Jl. Niaga Raya, Ruko Capitol Jababeka 021- 8932 5888 021- 8932 6008
JABABEKA II Cikarang CIkarang Blok 2-I Kawasan Industri Jababeka II,
Cikarang, Bekasi 17530
BOGOR, WEST JAVA PROVINCE
No Office Address Phone Fax
36. Branch Office Bogor Pajajaran Jl. Pajajaran No. 70 E, Bogor 16143 0251 - 8314963 0251 - 8315166
37. Sub Branch Office Bogor Dewi Jl. Dewi Sartika, Ruko Central Blok C No. 1 0251- 8312744/ 0251- 8314156
Sartika Bogor 16121 8312892
38. Sub Branch Office Bogor Surya Jl. Surya Kencana No. 83, Bogor 16000 0251- 8323443 0251-8312336
Kencana
SUKABUMI, WEST JAVA PROVINCE
No Office Address Phone Fax
39. Branch Office Sukabumi Jl. Jend. Ahmad Yani No. 4, Sukabumi 43131 0266-246000 0266-243000
BANDUNG, WEST JAVA PROVINCE
No Office Address Phone Fax
40. Branch Office Bandung Jl. Abdurachman Saleh No. 1A Ruko E-F, 022- 6030222 022- 6030378
Abdurachman Saleh Bandung 40174
41. Sub Branch Office Bandung Braga Jl. Braga No.100, Bandung 40111 022-4239677 022-4239650
(Hunting)
42. Sub Branch Office Bandung Buah Jl.Buah Batu No 201 E, Bandung 40265 022-7302220 022-87354333
Batu (Hunting)
43. Sub Branch Office Bandung Jl. Naripan No. 79-81, Bandung 40112 022-4207336/ 022-4219387
Naripan 4207375
44. Sub Branch Office Bandung Rumah Sakit Bedah Melinda, Jl. Dr. Cipto No. 1, 022-4233777 -
RS. Melinda DR. Cipto Bandung ext. 7732-33
45. Sub Branch Office Bandung Melinda Hospital Jl. Padjajaran No. 46, 022-4266482 -
RS. Melinda Pajajaran Bandung
Page 271
Corporate Governance Corporate Information Financial Statement Annual Report 271
Offices Network
KARAWANG, WEST JAVA PROVINCE
No Office Address Phone Fax
46. Branch Office Karawang Galuh Mas Blok IV No. 53 & 55 0267-408180 0267-400125
Karawang 41361
SEMARANG, CENTRAL JAVA PROVINCE
No Office Address Phone Fax
47. Branch Office Semarang Pemuda Jl. Pemuda No. 150, Komplek Ruko Pemuda 024-3547893 024-3553045
Mas Blok A No. 14, Semarang 50132
48. Sub Branch Office Semarang Jl. Depok No.26 C-D, Semarang 50133 024-3554676-79 024-3517481
Depok
49. Sub Branch Office Semarang Jl. Beteng No. 67, Semarang 50137 024-3513251/ 024-3549075
Beteng 3513250
SOLO, CENTRAL JAVA PROVINCE
No Office Address Phone Fax
50. Branch Office Solo Veteran Jl. Veteran No. 68, Solo 57115 0271-644123 0271-666717
YOGYAKARTA, DIY PROVINCE
No Office Address Phone Fax
51. Branch Office Yogyakarta Jl. Pangeran Diponegoro No.11-13 0274-555233 0274-550078
Yogyakarta 55232
SURABAYA, EAST JAVA PROVINCE
No Office Address Phone Fax
52. Sub Branch Office Surabaya Komplek Darmo Square Blok D-8 031-5680623 031-5665604
Darmo Jl. Raya Darmo No. 54-56, Surabaya 60264
53. Sub Branch Office Surabaya Jl. Bongkaran No. 28 - 30, Surabaya 60161 031-3540909 031-3571730
Bongkaran (hunting)
54. Branch Office Surabaya Puncang Jl. Pucang Anom Timur No.19, Surabaya 60282 031-5025337 031- 5025334
Anom
55. Sub Branch Office Surabaya HR. Komp Pertokoan Surya inti Permata 031-7345683, 031-7345685
Muhamad Blok C1-C2, Jl. HR Muhammad, Surabaya 60226 7345659
56. Sub Branch Office Sidoarjo Jl. Jend A Yani No 40 D, Sidoarjo 61219 031 8924415-17 031 8921561
MALANG, EAST JAVA PROVINCE
No Office Address Phone Fax
57. Branch Office Malang Basuki Jl. Jend Basuki Rahmat No. 16, Malang 65119 0341-327891-93 0341-328130
Rahmat
58. Sub Branch Office Malang Lawang Jl. M. H. Thamrin No. 19 C, Lawang, Malang 65111 0341-426715-16 0341-426715
RIAU ISLAND PROVINCE
No Office Address Phone Fax
59. Branch Office Batam Nagoya Komplek Pasar Nagoya Lama Blok A 0778-457255 0778-457770
Jl. Imam Bonjol Blok E No. 9-10, Batam 29444
60. Branch Office Tanjungpinang Jl. Brigjen Katamso No. 88 0771-313999/ 0771-315918
Katamso Tanjungpinang 29111 29185
61. Sub Branch Office Batam Penuin Jl. Pembangunan, Komplek Penuin Centre 0778-422718 0778-422719
Centre Blok E No.3, Batam 29441
Page 272
272 Opening Business and Functional Review Financial Review
Offices Network
RIAU PROVINCE
No Office Address Phone Fax
62. Branch Office Pekanbaru Jl. Jendral Sudirman No. 408 - 410 0761- 26288 0761- 26088
Sudirman Pekanbaru 28115
63. Sub Branch Office Pekanbaru Jl.Jend. Ahmad Yani No. 2 J 0761-39877 0761-39787
A.Yani Pekanbaru 28155
BANGKA BELITUNG PROVINCE
No Office Address Phone Fax
64. Branch Office Pangkalpinang Ruko Harmoni City, Blok C Nomor 7-8 0717-421213 0717-421995
Sudirman Jl. Soekarno Hatta, Kota Pangkal Pinang 33141
LAMPUNG PROVINCE
No Office Address Phone Fax
65. Branch Office Lampung Jl. Jend. Sudirman No. 60 B - 60 C 0721-258989 0721-241260
Bandar Lampung 35118
PALEMBANG, SOUTH SUMATRA PROVINCE
No Office Address Phone Fax
66. Branch Office Palembang Jl. Kebumen Darat No. 913A,914, 914/787, 0711-370980 0711-370983
Kebumen Palembang 30122
PONTIANAK, WEST KALIMANTAN PROVINCE
No Office Address Phone Fax
67. Branch Office Pontianak A.Yani Jl. Ahmad Yani, Komp. Ruko Ahmad Yani 0561- 6655638 0561- 6655637
Megamall Sentra Bisnis Blok B 8-9 (Komp. Mega Mall),
Pontianak, West Kalimantan 78121
68. Sub Branch Office Pontianak Jl. Ir. H Juanda N0 67-68, Pontianak, West 0561 - 744228 0561 - 744227
Juanda Kalimantan 78117
DENPASAR, BALI PROVINCE
No Office Address Phone Fax
69. Sub Branch Office Bali Denpasar JL. M. H. Thamrin No.43, Denpasar 80111 0361-427611 0361-423659
70. Branch Office Bali Sunset Road Jl. Sunset Road No.234, Kuta, Badung 0361-9346455 0361-9346456
Bali 80361 (hunting)
MATARAM, WEST NUSA TENGGARA PROVINCE
No Office Address Phone Fax
78. Branch Office Mataram Jl. Pejanggik No.109, Mataram 83239 0370-621666 0370-622110
(hunting)
MAKASSAR, SOUTH SULAWESI PROVINCE
No Office Address Phone Fax
72. Branch Office Makassar Jl. Sulawesi No. 19 & 21, Kota Makassar, South 0411-3632977/ 0411- 3632974
Sulawesi 90174 3632979
Page 273
Corporate Governance Corporate Information Financial Statement Annual Report 273
Page 274
T a r i K ip a s P a k a r e n a Makassar A regional dance form known as the Pakarena Fan Dance was developed in Gowa, South Sulawesi Province. This dance is known as the Pakarena Fan Dance in the Gowa region. According to history, the Pakarena Fan dancing is one of the dancing forms that the Gowa Kingdom left behind. Previously, the kingdom enjoyed a time of greatness and was able to maintain long-term dominance over the Sulawesi region in the south.
Page 275
Financial Statement
06
Togetherness in Indonesian Traditional dance philosophy
Page 276
276 Opening Business and Functional Review Financial Review
RESPONSIBILITY FOR FINANCIAL REPORTING
THE STATEMENT LETTER OF
MEMBERS OF BOARD OF DIRECTORS AND MEMBERS OF BOARD OF COMMISSIONERS
ON THE RESPONSIBILITY FOR THE 2023 ANNUAL REPORT OF
PT BANK CHINA CONSTRUCTION BANK INDONESIA TBK.
We, the undersigned, declare that all information included in the 2023 Annual Report of
PT Bank China Construction Bank Indonesia Tbk has been fully disclosed responsible
for the accuracy of the contents of the Company's Annual Report.
We hereby certify the statement is made truthfully.
Jakarta, 15 April 2024
Members of Board of Directors,
You Wennan
President Director
Zhu Yong Setiawati Samahita Junianto
Director Director Director
Chandra NT Siagian Agresius R. Kadiaman
Director Compliance Director
Members of Board of Commissioners,
Sun Jianzheng
President Commissioner
Qi Jiangong Mohamad Hasan Yudo Sutanto
Commissioner Independent Commissioner Independent Commissioner
Page 277
PT Bank China Construction Bank Indonesia Tbk Laporan keuangan tanggal 31 Desember 2023 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Financial statements as of December 31, 2023 and for the year then ended with independent auditor’s report
Page 278
Page 279
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
LAPORAN KEUANGAN FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2023 AS OF DECEMBER 31, 2023
DAN UNTUK TAHUN YANG BERAKHIR AND FOR THE YEAR THEN ENDED
PADA TANGGAL TERSEBUT WITH INDEPENDENT AUDITOR’S REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Halaman/ Table of Contents
Pages
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan ....................................... 1-3 ....................................... Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Statement of Profit or Loss and
Komprehensif Lain............................................. 4-5 .................................... Other Comprehensive Income
Laporan Perubahan Ekuitas.................................... 6 ...................................... Statement of Changes in Equity
Laporan Arus Kas................................................... 7-8 ................................................ Statement of Cash Flows
Catatan atas Laporan Keuangan............................. 9 - 154 ................................... Notes to the Financial Statements
***************************
Page 280
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen Independent Auditor’s Report
Laporan No. 00036/2.1032/AU.1/07/1681- Report No. 00036/2.1032/AU.1/07/1681-
2/1/II/2024 2/1/II/2024
Pemegang Saham, Dewan Komisaris, The Shareholders and the Board of
dan Direksi Commissioners and Directors
PT Bank China Construction Bank Indonesia Tbk PT Bank China Construction Bank Indonesia Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan PT Bank We have audited the accompanying financial
China Construction Bank Indonesia Tbk (“Bank”) statements of PT Bank China Construction Bank
terlampir, yang terdiri dari laporan posisi Indonesia Tbk (the “Bank”), which comprise the
keuangan tanggal 31 Desember 2023, serta statement of financial position as of
laporan laba rugi dan penghasilan komprehensif December 31, 2023, and the statement of profit
lain, laporan perubahan ekuitas, dan laporan arus or loss and other comprehensive income,
kas untuk tahun yang berakhir pada tanggal statement of changes in equity, and statement of
tersebut, serta catatan atas laporan keuangan, cash flows for the year then ended, and notes to
termasuk informasi kebijakan akuntansi material. the financial statements, including material
accounting policy information.
Menurut opini kami, laporan keuangan terlampir In our opinion, the accompanying financial
menyajikan secara wajar, dalam semua hal yang statements present fairly, in all material respects,
material, posisi keuangan Bank tanggal the financial position of the Bank as of
31 Desember 2023, serta kinerja keuangan dan December 31, 2023, and its financial
arus kasnya untuk tahun yang berakhir pada performance and cash flows for the year then
tanggal tersebut, sesuai dengan Standar ended, in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia. Accounting Standards.
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung Indonesian Institute of Certified Public
jawab kami menurut standar tersebut diuraikan Accountants (“IICPA”). Our responsibilities under
lebih lanjut dalam paragraf Tanggung Jawab those standards are further described in the
Auditor terhadap Audit atas Laporan Keuangan Auditor’s Responsibilities for the Audit of the
pada laporan kami. Kami independen terhadap Financial Statements paragraph of our report. We
Bank berdasarkan ketentuan etika yang relevan are independent of the Bank in accordance with
dalam audit kami atas laporan keuangan di the ethical requirements that are relevant to our
Indonesia, dan kami telah memenuhi tanggung audit of the financial statements in Indonesia, and
jawab etika lainnya berdasarkan ketentuan we have fulfilled our other ethical responsibilities
tersebut. Kami yakin bahwa bukti audit yang telah in accordance with these requirements. We
kami peroleh adalah cukup dan tepat untuk believe that the audit evidence we have obtained
menyediakan suatu basis bagi opini kami. is sufficient and appropriate to provide a basis for
our opinion.
i
Page 281
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00036/2.1032/AU.1/07/1681- Report No. 00036/2.1032/AU.1/07/1681-
2/1/II/2024 (lanjutan) 2/1/II/2024 (continued)
Hal audit utama Key audit matter
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance
yang paling signifikan dalam audit kami atas in our audit of the financial statements of the
laporan keuangan periode kini. Hal tersebut current period. Such key audit matters were
disampaikan dalam konteks audit kami atas addressed in the context of our audit of the
laporan keuangan secara keseluruhan, dan dalam financial statements taken as a whole, and in
merumuskan opini kami atas laporan keuangan forming our opinion thereon, and we do not
terkait, dan kami tidak menyatakan suatu opini provide a separate opinion on such key audit
terpisah atas hal audit utama tersebut. Untuk hal matters. For the key audit matter below, our
audit utama di bawah ini, penjelasan kami tentang description of how our audit addressed such
bagaimana audit kami merespons hal tersebut matter is provided in such context.
disampaikan dalam konteks tersebut.
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Financial Statements paragraph of our report,
pada laporan kami, termasuk sehubungan dengan including in relation to key audit matter
hal audit utama yang dikomunikasikan di bawah communicated below. Accordingly, our audit
ini. Oleh karena itu, audit kami mencakup included the performance of procedures designed
pelaksanaan prosedur yang didesain untuk to respond to our assessment of the risks of
merespons penilaian kami atas risiko kesalahan material misstatement of the accompanying
penyajian material dalam laporan keuangan financial statements. The results of our audit
terlampir. Hasil prosedur audit kami, termasuk procedures, including the procedures performed
prosedur yang dilakukan untuk merespons hal to address the key audit matter below, provide the
audit utama di bawah ini, menyediakan basis bagi basis for our opinion on the accompanying
opini kami atas laporan keuangan terlampir. financial statements.
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans
yang diberikan
Pada tanggal 31 Desember 2023, Bank memiliki As of December 31, 2023, the Bank has loans and
kredit yang diberikan dan cadangan kerugian the allowance for impairment losses on loans
penurunan nilai atas kredit yang diberikan masing- amounting to Rp19,359,978 and Rp513,561
masing sebesar Rp 19.359.978 dan Rp513.561 million, respectively. The significant accounting
juta. Kebijakan akuntansi signifikan untuk policies of allowance for impairment losses on
cadangan kerugian penurunan nilai atas kredit loans are disclosed in Note 2e to the
yang diberikan diungkapkan dalam Catatan 2e accompanying financial statements. We focused
atas laporan keuangan terlampir. Kami fokus pada on this area because the carrying value of loans
area ini karena nilai tercatat atas kredit yang and the allowance for impairment losses on loans
diberikan dan cadangan kerugian penurunan nilai are significant to the accompanying financial
atas kredit yang diberikan adalah signifikan statements.
terhadap laporan keuangan terlampir.
ii
Page 282
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00036/2.1032/AU.1/07/1681- Report No. 00036/2.1032/AU.1/07/1681-
2/1/II/2024 (lanjutan) 2/1/II/2024 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans
yang diberikan (lanjutan) (continued)
Penentuan cadangan kerugian penurunan nilai Determination of allowance for impairment losses
memerlukan pertimbangan dan memiliki requires significant judgement and is subject to
ketidakpastian estimasi termasuk dalam estimation uncertainty which includes
penentuan model untuk menghitung cadangan determining the model to calculate allowance for
kerugian penurunan nilai, identifikasi eksposur impairment losses, identification of credit
kredit yang mengalami penurunan kualitas kredit exposures with significant deterioration in credit
yang signifikan, penentuan asumsi yang quality, and determining assumptions used in the
digunakan dalam model perhitungan cadangan allowance for impairment losses calculation
kerugian penurunan nilai (untuk eksposur yang models (for exposures assessed on an individual or
dinilai secara individu atau kolektif), termasuk collective basis), including forward-looking
faktor ekonomi makro masa depan. macroeconomics factors.
Pengungkapan cadangan kerugian penurunan nilai The allowance for impairment losses on loans are
atas yang kredit diberikan diungkapkan pada disclosed in Note 10, to the financial statements.
Catatan 10, terhadap laporan keuangan.
Respons audit: Audit response:
Prosedur audit kami dalam merespons hal audit Our audit procedures address the key audit matter
utama tersebut di atas mencakup, menguji mentioned above including, test of key controls
pengendalian utama atas pemberian kredit, over the origination, regular internal credit quality
penilaian kualitas kredit internal secara regular, assessments, recording and monitoring of the
pencatatan dan pengawasan kredit yang loans, obtained understanding and assessed
diberikan, memperoleh pemahaman dan menilai impairment measurement methodologies,
metodologi pengukuran penurunan nilai, validasi validation of allowance for impairment losses
model cadangan kerugian penurunan nilai, data models, inputs, bases and assumptions used by
masukan, dasar, dan asumsi yang digunakan oleh the Bank in calculating the allowance for
Bank dalam menghitung cadangan kerugian impairment losses, and tested the classification
penurunan nilai, serta menguji tiga tahapan into three stage credit quality of loan portfolios in
kualitas kredit portfolio sesuai dengan kriteria accordance with staging criteria developed by the
tingkatan (staging) yang disusun oleh Bank untuk Bank for loans, tested whether historical
kredit yang diberikan, menguji apakah experience is representative of current
pengalaman historis mewakili keadaan saat ini dan circumstances and of the recent losses incurred in
kerugian terkini yang terjadi dalam portfolio, serta the portfolios, and assessed reasonableness of
menilai kewajaran atas penyesuaian asumsi masa forward-looking adjustments, macroeconomic
depan, analisis faktor ekonomi makro, dan factor analysis, and probability-weighted multiple
beberapa skenario probabilitas tertimbang untuk scenarios for loans.
kredit yang diberikan.
iii
Page 283
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00036/2.1032/AU.1/07/1681- Report No. 00036/2.1032/AU.1/07/1681-
2/1/II/2024 (lanjutan) 2/1/II/2024 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans
yang diberikan (lanjutan) (continued)
Respons audit: (lanjutan) Audit response: (continued)
Untuk cadangan kerugian penurunan nilai yang With respect to individually assessed allowance
dinilai secara individual, kami menguji sampel for impairment losses, tested a sample of loans to
kredit yang diberikan untuk mengevaluasi evaluate the timely identification by the Bank of
ketepatan waktu Bank dalam melakukan exposures with significant deterioration in credit
identifikasi eksposur kredit yang mengalami quality or those which have been impaired; for
penurunan kualitas kredit yang signifikan atau cases where impairment has been identified,
yang telah mengalami penurunan nilai; untuk assessed the Bank’s assumptions on the expected
kasus-kasus di mana penurunan nilai telah future cash flows, including the value of realizable
diidentifikasi, kami menilai asumsi Bank atas arus collateral based on available market information
kas masa depan yang akan diterima, termasuk nilai or valuation prepared by independent valuer.
agunan yang dapat direalisasikan berdasarkan
informasi pasar yang tersedia atau penilaian yang
dilakukan oleh penilai independen.
Kami juga memeriksa keakurasian perhitungan We checked the accuracy of the calculation of the
jumlah cadangan kerugian penurunan nilai dengan allowance for impairment losses amount by
melakukan perhitungan ulang atas keseluruhan recalculating the collective impairment
portfolio yang penuruan nilainya dilakukan secara assessment for the entire portfolio and
kolektif dan melakukan perhitungan ulang atas recalculating the individual impairment
penurunan nilai yang dinilai secara individual assessment on a sample basis, assessed whether
berdasarkan sampel, menilai apakah laporan the financial statement disclosures are adequately
keuangan cukup dan secara memadai and appropriately reflecting the Bank’s exposures
mencerminkan eksposur Bank terhadap risiko to credit risk. We tested the completeness and
kredit. Kami menguji kelengkapan dan ketepatan, appropriateness, including the assumptions and
termasuk asumsi dan pertimbangan, dan judgments, and involved our auditor’s internal
melibatkan pakar auditor internal kami untuk expert to assist us in the performance of the above
membantu kami dalam melakukan prosedur- procedures where their specific expertise was
prosedur di atas ketika keahlian spesifik mereka required.
diperlukan.
Informasi lain Other information
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan 2023 information included in the Annual Report 2023
(“Laporan Tahunan”) selain laporan keuangan (the “Annual Report”) other than the
terlampir dan laporan auditor independen kami. accompanying financial statements and our
Laporan Tahunan diharapkan akan tersedia bagi independent auditor’s report thereon. The Annual
kami setelah tanggal laporan auditor independen Report is expected to be made available to us after
ini. the date of this Independent Auditor’s report.
iv
Page 284
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00036/2.1032/AU.1/07/1681- Report No. 00036/2.1032/AU.1/07/1681-
2/1/II/2024 (lanjutan) 2/1/II/2024 (continued)
Informasi lain (lanjutan) Other information (continued)
Opini kami atas laporan keuangan terlampir tidak Our opinion on the accompanying financial
mencakup Laporan Tahunan, dan oleh karena itu, statements does not cover the Annual Report, and
kami tidak menyatakan bentuk keyakinan apapun accordingly, we do not express any form of
atas Laporan Tahunan tersebut. assurance on the Annual Report.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan terlampir, tanggung jawab kami adalah financial statements, our responsibility is to read
untuk membaca Laporan Tahunan ketika tersedia the Annual Report when it becomes available and,
dan, dalam melakasanaannya, in doing so, consider whether the Annual Report
mempertimbangkan apakah Laporan Tahunan is materially inconsistent with the accompanying
mengandung ketidakkonsistensian material financial statements or our knowledge obtained in
dengan laporan keuangan terlampir atau the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, atau misstated.
mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika kami When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan are required to communicate the matter to those
untuk mengkomunikasikan hal tersebut kepada charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan regulations.
pertauran perundang-undangan yang berlaku.
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the financial
laporan keuangan statements
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation
dan penyajian wajar laporan keuangan tersebut and fair presentation of the financial statements
sesuai dengan Standar Akuntansi Keuangan di in accordance with Indonesian Financial
Indonesia, dan atas pengendalian internal yang Accounting Standards, and for such internal
dianggap perlu oleh manajemen untuk control as management determines is necessary
memungkinkan penyusunan laporan keuangan to enable the preparation of financial statements
yang bebas dari kesalahan penyajian material, that are free from material misstatement,
baik yang disebabkan oleh kecurangan maupun whether due to fraud or error.
kesalahan.
v
Page 285
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00036/2.1032/AU.1/07/1681- Report No. 00036/2.1032/AU.1/07/1681-
2/1/II/2024 (lanjutan) 2/1/II/2024 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the financial
laporan keuangan (lanjutan) statements (continued)
Dalam penyusunan laporan keuangan, In preparing the financial statements,
manajemen bertanggung jawab untuk menilai management is responsible for assessing the
kemampuan Bank dalam mempertahankan Bank’s ability to continue as a going concern,
kelangsungan usahanya, mengungkapkan, sesuai disclosing, as applicable, matters related to going
dengan kondisinya, hal-hal yang berkaitan dengan concern, and using the going concern basis of
kelangsungan usaha, dan menggunakan basis accounting, unless management either intends to
akuntansi kelangsungan usaha, kecuali liquidate the Bank or to cease its operations, or
manajemen memiliki intensi untuk melikuidasi has no realistic alternative but to do so.
Bank atau menghentikan operasi, atau tidak
memiliki alternatif yang realistis selain
melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses for overseeing the Bank’s financial reporting
pelaporan keuangan Bank. process.
Tanggung jawab auditor terhadap audit atas Auditors’ responsibilities for the audit of the
laporan keuangan financial statements
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan about whether the financial statements taken as a
secara keseluruhan bebas dari kesalahan whole are free from material misstatement,
penyajian material, baik yang disebabkan oleh whether due to fraud or error, and to issue an
kecurangan maupun kesalahan, dan untuk Independent Auditor’s report that includes our
menerbitkan laporan auditor independen yang opinion. Reasonable assurance is a high level of
mencakup opini kami. Keyakinan memadai assurance, but is not a guarantee that an audit
merupakan suatu tingkat keyakinan tinggi, namun conducted in accordance with Standards on
bukan merupakan suatu jaminan bahwa audit Auditing established by the IICPA will always
yang dilaksanakan berdasarkan Standar Audit detect a material misstatement when it exists.
yang ditetapkan oleh IAPI akan selalu mendeteksi Misstatements can arise from fraud or error and
kesalahan penyajian material ketika hal tersebut are considered material if, individually or in the
ada. Kesalahan penyajian dapat disebabkan oleh aggregate, they could reasonably be expected to
kecurangan maupun kesalahan dan dianggap influence the economic decisions of users taken
material jika, baik secara individual maupun on the basis of these financial statements.
agregat, dapat diekspektasikan secara wajar akan
memengaruhi keputusan ekonomi yang diambil
oleh pengguna berdasarkan laporan keuangan
tersebut.
vi
Page 286
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00036/2.1032/AU.1/07/1681- Report No. 00036/2.1032/AU.1/07/1681-
2/1/II/2024 (lanjutan) 2/1/II/2024 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan, misstatement of the financial statements,
baik yang disebabkan oleh kecurangan whether due to fraud or error, design and
maupun kesalahan, mendesain dan perform audit procedures responsive to such
melaksanakan prosedur audit yang responsif risks, and obtain audit evidence that is
terhadap risiko tersebut, serta memeroleh sufficient and appropriate to provide a basis
bukti audit yang cukup dan tepat untuk for our opinion. The risk of not detecting a
menyediakan basis bagi opini kami. Risiko material misstatement resulting from fraud is
tidak terdeteksinya suatu kesalahan penyajian higher than for one resulting from error, as
material yang disebabkan oleh kecurangan fraud may involve collusion, forgery,
lebih tinggi daripada yang disebabkan oleh intentional omissions, misrepresentations, or
kesalahan, karena kecurangan dapat override of internal control.
melibatkan kolusi, pemalsuan, penghilangan
secara sengaja, pernyataan salah, atau
pengabaian pengendalian internal.
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness of
keefektivitasan pengendalian internal Bank. the Bank’s internal control.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
vii
Page 287
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00036/2.1032/AU.1/07/1681- Report No. 00036/2.1032/AU.1/07/1681-
2/1/II/2024 (lanjutan) 2/1/II/2024 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit yang of accounting and, based on the audit evidence
diperoleh, apakah terdapat suatu obtained, whether a material uncertainty
ketidakpastian material yang terkait dengan exists related to events or conditions that may
peristiwa atau kondisi yang dapat cast significant doubt on the Bank's ability to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Bank untuk mempertahankan that a material uncertainty exists, we are
kelangsungan usahanya. Ketika kami required to draw attention in our independent
menyimpulkan bahwa terdapat suatu auditor’s report to the related disclosures in
ketidakpastian material, kami diharuskan the financial statements or, if such disclosures
untuk menarik perhatian dalam laporan are inadequate, to modify our opinion. Our
auditor independen kami ke pengungkapan conclusions is based on the audit evidence
terkait dalam laporan keuangan atau, jika obtained up to the date of our independent
pengungkapan tersebut tidak memadai, auditor’s report. However, future events or
memodifikasi opini kami. Kesimpulan kami conditions may cause the Bank to cease to
didasarkan pada bukti audit yang diperoleh continue as a going concern.
hingga tanggal laporan auditor independen
kami. Namun, peristiwa atau kondisi masa
depan dapat menyebabkan Bank tidak dapat
mempertahankan kelangsungan usahanya.
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan secara keseluruhan, and content of the financial statements,
termasuk pengungkapannya, dan apakah including the disclosures, and whether the
laporan keuangan mencerminkan transaksi financial statements represent the underlying
dan peristiwa yang mendasarinya dengan transactions and events in a manner that
suatu cara yang mencapai penyajian wajar. achieves fair presentation.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and
direncanakan atas audit serta temuan audit significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi during our audit.
oleh kami selama audit.
viii
Page 288
Page 289
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
Catatan/
Notes 2023 2022
ASET ASSETS
Kas 2d,2w,4,34 212.839 217.290 Cash
2d,2f,2w,5 Current accounts with
Giro pada Bank Indonesia 33,34,39 1.552.681 1.481.410 Bank Indonesia
Giro pada bank lain 2d,2f,2w Current accounts with other banks
Pihak berelasi 6,33,34,39 30.695 10.188 Related parties
Pihak ketiga 2ad,32 108.447 269.248 Third parties
139.142 279.436
Dikurangi: cadangan kerugian Less: allowance for impairment
penurunan nilai (126) (282) losses
Neto 139.016 279.154 Net
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 2d,2g,2w and other banks
Pihak ketiga 33,7,34,39 45.000 624.216 Third parties
Dikurangi: cadangan kerugian Less: allowance for impairment
penurunan nilai (1) - losses
Neto 44.999 624.216 Net
Tagihan derivatif 2d,33,39 12.832 12.738 Derivative receivables
Efek-efek Marketable securities
Pihak ketiga 2d,2h,8,39 4.506.619 893.950 Third parties
Dikurangi: cadangan kerugian Less: allowance for impairment
penurunan nilai (152) - losses
Neto 4.506.467 893.950 Net
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan 2d,2i,9 purchased under
janji dijual kembali 34,39 1.069.249 3.947.168 agreements to resale
Biaya dibayar di muka 2n,14 2.906 5.264 Prepaid expenses
Kredit yang diberikan 2c,2d,2e,2j Loans
Pihak berelasi 2w,10,33,34,39 6.569 7.676 Related parties
Pihak ketiga 2ad,32 19.353.409 16.679.609 Third parties
19.359.978 16.687.285
Dikurangi: cadangan kerugian Less: allowance for impairment
penurunan nilai (513.561) (454.746) losses
Neto 18.846.417 16.232.539 Net
Pendapatan bunga yang
masih akan diterima Interest receivables
Pihak berelasi 2d,2t,2w,2ad 15 18 Related parties
Pihak ketiga 11,32,34,39 98.429 57.290 Third parties
98.444 57.300
Agunan yang diambil alih 2o,15 108.306 139.306 Foreclosed assets
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form
bagian yang tidak terpisahkan dari laporan keuangan an integral part of these financial statements taken as a
secara keseluruhan. whole.
1
Page 290
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
(lanjutan) (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
Catatan/
Notes 2023 2022
ASET (lanjutan) ASSETS (continued)
Aset tetap dan aset hak guna, Fixed assets and
setelah dikurangi akumulasi right-of-use assets, net of
penyusutan masing-masing accumulated depreciation of
sebesar Rp404.098 dan Rp404,098 and Rp378,443
Rp378.443 pada tanggal as of December 31, 2023
31 Desember 2023 dan 2022 2k,2y,12,28 802.325 733.485 and 2022, respectively
Goodwill 2l,13 190.075 190.075 Goodwill
Aset pajak tangguhan 2x,20f 124.587 73.849 Deferred tax assets
2d,2l,2w
Aset lain-lain 16 140.803 135.201 Other assets
JUMLAH ASET 27.851.946 25.022.953 TOTAL ASSETS
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form
bagian yang tidak terpisahkan dari laporan keuangan an integral part of these financial statements taken as a
secara keseluruhan. whole.
2
Page 291
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
(lanjutan) (continued)
Tanggal 31 Desember 2023 As of December 31, 2022
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
Catatan/
Notes 2023 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 2d,2p,2w,17,33 20.501 16.495 Obligation due immediately
Liabilitas Derivatif 2d,34,39 2.023 1.764 Derivative payables
Simpanan dari nasabah 2d,2q,2w Deposits from customers
Pihak berelasi 18,33,34,39 16.788 14.924 Related parties
Pihak ketiga 2ad,32 19.970.024 17.931.654 Third parties
Simpanan dari bank lain Deposits from other banks
Pihak berelasi 2d,2r,2w,19,33 70 229 Related parties
Pihak ketiga 2ad,32,34,39 324.580 67.782 Third parties
Bunga yang masih harus dibayar Interest payables
Pihak berelasi 2d,2w,2ad 3.149 2.852 Related parties
Pihak ketiga 22,32,34,39 43.804 24.201 Third parties
Liabilitas atas efek-efek yang dijual 2d,2i,21 Liabilities on securities sold
dengan janji dibeli kembali 33,39 94.295 - under repurchase agreement
Utang pajak 2x,20 74.693 50.232 Taxes payable
Provisi 2ab,36 54.956 44.588 Provisions
Surat berharga subordinasi 2ad,23,32,33,38 461.910 467.025 Subordinated securities
Liabilitas imbalan kerja
karyawan 2v,35 168.500 139.261 Employment benefits obligation
2d,2w,24
Liabilitas lain-lain 33,34,39 76.096 62.709 Other liabilities
JUMLAH LIABILITAS 21.311.389 18.823.716 TOTAL LIABILITIES
EKUITAS EQUITY
Modal saham - nilai nominal per Share capital - par value per
saham Rp100 (nilai penuh) share of Rp100 (full amount)
Modal dasar -
Sebesar 60.000.000.000 Authorised capital -
saham masing-masing pada 60,000,000,000 shares
31 Desember 2023 as of December 31, 2023
dan 2022 and 2022, respectively
Modal ditempatkan dan
disetor penuh Issued and fully
37.919.730.514 saham paid-up capital -
masing-masing pada 37,919,730,514 shares
31 Desember 2023 as of December 31, 2023
dan 2022 25 3.791.973 3.791.973 and 2022, respectively
Tambahan modal disetor 25 1.267.378 1.267.378 Additional paid-in capital
Komponen ekuitas lain 2d,2h,2k,2v 355.519 255.490 Other equity component
Saldo laba Retained earnings
Telah ditentukan penggunaannya 5.000 4.500 Appropriated
Belum ditentukan penggunaannya 1.120.687 879.896 Unappropriated
JUMLAH EKUITAS 6.540.557 6.199.237 TOTAL EQUITY
TOTAL LIABILITIES
JUMLAH LIABILITAS DAN EKUITAS 27.851.946 25.022.953 AND EQUITY
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form
bagian yang tidak terpisahkan dari laporan keuangan an integral part of these financial statements taken as a
secara keseluruhan. whole.
3
Page 292
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun ffyang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December, 31
Catatan/
Notes 2023 2022
PENDAPATAN DAN BEBAN OPERATING
OPERASIONAL INCOME AND EXPENSES
2t,2ad
Pendapatan bunga 26,32,37 1.690.178 1.322.606 Interest income
2t,2ad
Beban bunga 27,32,37 (733.299) (518.652) Interest expense
PENDAPATAN BUNGA BERSIH 956.879 803.954 NET INTEREST INCOME
PENDAPATAN OPERASIONAL
LAINNYA OTHER OPERATING INCOME
Pendapatan provisi dan komisi 2u 45.782 71.640 Fee and commission income
Kerugian transaksi Loss on foreign
mata uang asing - neto (4.090) (256) exchange transactions - net
Keuntungan/(kerugian) yang belum Unrealized gain/(loss) from
direalisasi dari perubahan changes in fair value
nilai wajar efek-efek - neto 2i 1.802 (2.419) of marketable securities - net
JUMLAH PENDAPATAN TOTAL OTHER
OPERASIONAL LAINNYA 43.494 68.965 OPERATING INCOME
Penyisihan cadangan kerugian 2e,2j,6f, Provision for impairment
penurunan nilai aset produktif 7e,8g,10i (128.803) (170.846) losses on earning assets
Penyisihan cadangan kerugian
penurunan nilai Provision for impairment losses
aset non produktif 2m (25.077) (2.018) on non-earning assets
BEBAN OPERASIONAL LAINNYA OTHER OPERATING EXPENSES
General and administrative
Beban umum dan administrasi 2ad,28,32 (236.309) (239.385) expenses
Beban tenaga kerja 2ad,29,32 (307.482) (290.016) Personnel expenses
JUMLAH BEBAN OPERASIONAL TOTAL OTHER
LAINNYA (543.791) (529.401) OPERATING EXPENSES
PENDAPATAN OPERASIONAL -
BERSIH 302.702 170.654 NET OPERATING INCOME
Pendapatan bukan operasional 8.083 6.475 Non-operating income
Beban bukan operasional (984) (1.387) Non-operating expense
PENDAPATAN BUKAN NON-OPERATING
OPERASIONAL - BERSIH 7.099 5.088 INCOME - NET
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form
bagian yang tidak terpisahkan dari laporan keuangan an integral part of these financial statements taken as a
secara keseluruhan. whole.
4
Page 293
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN (lanjutan) AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada Tanggal (continued)
31 Desember 2023 For the Year Ended
(Disajikan dalam jutaan Rupiah, December 31, 2023
kecuali dinyatakan lain) (Expressed in millions of Rupiah,
unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December, 31
Catatan/
Notes 2023 2022
LABA SEBELUM INCOME BEFORE
PAJAK PENGHASILAN 309.801 175.742 INCOME TAX
BEBAN PAJAK PENGHASILAN 2x,20b (68.510) (39.783) INCOME TAX EXPENSE
LABA BERSIH
TAHUN BERJALAN 241.291 135.959 NET INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE
LAIN INCOME
Pos-pos yang tidak akan Items that will not be
direklasifikasi ke laba rugi: reclassified to profit or loss:
Revaluation surplus
Surplus revaluasi aset tetap 105.127 - on fixed assets
Remeasurement of
Pengukuran kembali atas employment benefits
imbalan kerja karyawan 35b (6.518) (2.373) obligation
Pajak penghasilan terkait 20f 1.434 522 Related income tax
(5.084) (1.851)
Pos-pos yang akan Items that will be reclassified
direklasifikasi ke laba rugi: to profit or loss:
Rugi neto yang belum direalisasi
atas perubahan nilai efek-efek Unrealized net loss on
dan obligasi pemerintah yang changes in value of fair value
diukur pada nilai wajar melalui through other comprehensive
penghasilan komprehensif lain (18) (20.610) income securities
Pajak penghasilan terkait 20f 4 4.534 Related income tax
(14) (16.076)
LABA/(RUGI) KOMPREHENSIF
LAIN TAHUN OTHER COMPREHENSIVE
BERJALAN INCOME/(LOSS) FOR THE
SETELAH PAJAK 100.029 (17.927) YEAR NET OF TAX
JUMLAH PENGHASILAN
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN 341.320 118.032 INCOME FOR THE YEAR
LABA BERSIH PER SAHAM EARNINGS PER SHARE
Dasar dan dilusian Basic and diluted
(dalam Rupiah penuh) 2ac,31 6,36 3,59 (in full Rupiah)
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form
bagian yang tidak terpisahkan dari laporan keuangan an integral part of these financial statements taken as a
secara keseluruhan. whole.
5
Page 294
The original financial statements included herein are in Indonesian language.
PT BANK CHINA CONSTRUCTION BANK INDONESIA Tbk PT BANK CHINA CONSTRUCTION BANK INDONESIA Tbk
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Penghasilan/(kerugian) komprehensif lain/
Other comprehensive income/(loss)
Laba/(rugi)
yang belum
direalisasi atas
efek-efek dalam nilai
nilai wajar melalui
penghasilan
komprehensif Pengukuran
lain- neto/ kembali
Unrealized - net gain/ atas imbalan Surplus revaluasi Saldo laba/Retained earnings
(loss) on fair value kerja karyawan/ aset tetap/
Tambahan modal through other Remeasurement Revaluation Belum ditentukan Telah ditentukan
Catatan/ Modal saham/ disetor/Additional comprehensive of employment surplus on penggunaannya/ penggunaanya/ Jumlah ekuitas
Note Share capital paid-in capital income securities benefits obligation fixed assets Unappropriated Appropriated Total equity
Saldo tanggal 31 Desember 2021 3.791.973 1.267.378 11.796 8.502 253.119 744.437 4.000 6.081.205 Balance as of December 31, 2021
Laba bersih tahun berjalan - - - - - 135.959 - 135.959 Net income for the year
Alokasi saldo laba yang telah Allocation to appropriated
Ditentukan penggunaannya - - - - - (500) 500 - retained earning
Perubahan nilai wajar atas
efek-efek dalam Changes in fair value of fair value
kelompok nilai wajar melalui through other comprehensive
penghasilan komprehensif lain - bersih - - (16.076) - - - - (16.076) income of securities - net
Pengukuran kembali atas imbalan Remeasurement of
kerja karyawan - bersih 20f,35b - - - (1.851) - - - (1.851) employment benefits obligation - net
Saldo tanggal 31 Desember 2022 3.791.973 1.267.378 (4.280) 6.651 253.119 879.896 4.500 6.199.237 Balance as of December 31, 2022
Laba bersih tahun berjalan - - - - - 241.291 - 241.291 Net income for the year
Alokasi saldo laba yang telah Allocation to appropriated
Ditentukan penggunaannya - - - - - (500) 500 - retained earning
Perubahan nilai wajar atas
efek-efek dalam Changes in fair value of fair value
kelompok nilai wajar melalui through other comprehensive
penghasilan komprehensif lain - bersih - - (14) - - - - (14) income of securities - net
Pengukuran kembali atas imbalan Remeasurement of
kerja karyawan - bersih 20f,35b - - - (5.084) - - - (5.084) employment benefits obligation – net
Surplus revaluasi aset tetap 12 - - - - 105.127 - - 105.127 Revaluation surplus on fixed assets
Saldo tanggal 31 Desember 2023 3.791.973 1.267.378 (4.294) 1.567 358.246 1.120.687 5.000 6.540.557 Balance as of December 31, 2023
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara The accompanying notes to the financial statements form an integral part of these financial statements taken as a whole.
keseluruhan.
6
Page 295
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December, 31
Catatan/
Notes 2023 2022
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS OPERASI OPERATING ACTIVITIES
Penerimaan bunga, provisi dan Interest, fees
komisi 1.705.192 1.389.576 and commissions receipt
Beban bunga dan beban Payment of interest and
keuangan lainnya (713.189) (516.727) other financial charges
Beban umum dan Payment of general and
administrasi (183.223) (165.773) administrative expenses
Beban tenaga kerja (284.759) (280.769) Payment of personnel expenses
Pendapatan lainnya 5.740 1.564 Other operating income received
Pembayaran beban operasi lainnya (16) (3.677) Other operating expense paid
Pembayaran pajak penghasilan 20 (99.413) (61.155) Payment of income tax
Cash flows before changes in
Arus kas sebelum perubahan dalam operating assets and
aset dan liabilitas operasi 430.332 363.039 liabilities
Decrease/(increase) in operating
Penurunan/(kenaikan) aset operasi: assets:
Kredit yang diberikan (2.740.490) (2.943.906) Loans
Tagihan derivatif (94) (5.693) Derivative receivables
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan janji purchased under
janji dijual kembali 9 2.877.919 2.489.485 agreements to resale
Aset lain-lain 7.693 6.142 Other assets
(Penurunan)/kenaikan liabilitas (Decrease)/increase in operating
operasi: liabilities:
Liabilitas segera 17 4.005 6.475 Obligation due immediately
Simpanan dari nasabah dan Deposits from customers and
simpanan dari bank lain 18,19 2.296.873 (1.333.541) deposits from other banks
Liabilitas derivatif 259 1.375 Derivative payables
Liabilitas atas efek-efek yang dijual Liabilities on securities sold
dengan janji dibeli kembali 9 94.085 - under repurchase agreement
Utang pajak 20 6.066 1.717 Taxes payable
Liabilitas lain-lain 12.100 (8.863) Other liabilities
Arus kas bersih (digunakan untuk)/ Net cash flows (used in)/
diperoleh dari aktivitas operasi 2.988.748 (1.423.770) provided by operating activities
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form
bagian yang tidak terpisahkan dari laporan keuangan an integral part of these financial statements taken as a
secara keseluruhan. whole.
7
Page 296
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
LAPORAN ARUS KAS (lanjutan) STATEMENT OF CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 December 31, 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December, 31
Catatan/
Notes 2023 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING
INVESTASI ACTIVITIES
(Pembelian)/penjualan (Purchases)/proceeds of
efek-efek yang diukur pada fair value through
nilai wajar melalui penghasilan other comprehensive
komprehensif lain (3.162.058) 193.550 income securities
Pembelian efek-efek yang diukur Purchases of amortized cost
pada biaya yang diamortisasi (450.630) - securities
Hasil penjualan aset tetap 12 3.775 659 Proceeds from sale of fixed assets
Hasil penjualan agunan yang Proceeds from sale of
diambil alih 15 6.175 1.800 foreclosed assets
Hasil penjualan aset Proceeds from sale of
terbengkalai 16 - 2.100 abandoned properties
Perolehan aset tetap 12 (16.366) (26.790) Acquisition of fixed assets
Arus kas bersih diperoleh dari/ Net cash flows provided by/
(digunakan untuk) aktivitas investasi (3.619.104) 171.319 (used in) investing activities
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS PENDANAAN FINANCING ACTIVITIES
Pembayaran liabilitas sewa 38 (10.629) (12.924) Payment lease liabilities
Arus kas bersih digunakan untuk Net cash flows used in
aktivitas pendanaan (10.629) (12.924) financing activities
NET DECREASE
PENURUNAN BERSIH IN CASH AND CASH
KAS DAN SETARA KAS (640.985) (1.265.375) EQUIVALENTS
CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AT THE BEGINNING
PADA AWAL TAHUN 2.602.352 3.799.349 OF YEAR
Pengaruh perubahan kurs The effect of changes in
mata uang asing (11.705) 68.378 foreign exchange rates
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
PADA AKHIR TAHUN 1.949.662 2.602.352 AT THE END OF YEAR
Cash and cash equivalents
Kas dan setara kas terdiri dari: consist of:
Kas 4 212.839 217.290 Cash
Current accounts with
Giro pada Bank Indonesia 5 1.552.681 1.481.410 Bank Indonesia
Current accounts
Giro pada bank lain 6 139.142 279.436 with other banks
Penempatan pada Placements with Bank
Bank Indonesia dan bank lain 7 45.000 624.216 Indonesia and other banks
Total cash and
Jumlah kas dan setara kas 1.949.662 2.602.352 cash equivalents
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form
bagian yang tidak terpisahkan dari laporan keuangan an integral part of these financial statements taken as a
secara keseluruhan. whole.
8
Page 297
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM 1. GENERAL
a. Pendirian dan informasi umum a. Establishment and general information
PT Bank China Construction Bank Indonesia PT Bank China Construction Bank Indonesia
Tbk (“Bank”) didirikan dengan nama PT Bank Tbk (the “Bank”) was established under the
Multicor pada tanggal 2 April 1974 berdasarkan name of PT Bank Multicor on April 2, 1974
Akta No. 4 dari Notaris Bagijo, S.H. di Jakarta. based on Notarial Deed No. 4 of Bagijo, S.H.,
Akta pendirian ini disahkan oleh Menteri public notary in Jakarta. The Deed of
Kehakiman Republik Indonesia dengan Surat Establishment was approved by the Minister
Keputusannya No.Y.A. 5/369/19 tanggal of Justice of the Republic of Indonesia in its
12 Oktober 1974, dan diumumkan dalam Berita Decision Letter No. Y.A. 5/369/19 dated
Negara Republik Indonesia No. 93 tanggal October 12, 1974, and was published in
19 November 1974. Tambahan No. 719. Pada State Gazette of the Republic of Indonesia
tahun 2007, berdasarkan Akta No. 172 tanggal No. 93 dated November 19, 1974,
28 November 2007, dibuat di hadapan Notaris Supplement No. 719. In 2007, based on
Eliwaty Tjitra, S.H., di Jakarta yang diumumkan Notarial Deed No. 172 dated November 28,
dalam Berita Negara Republik Indonesia 2007 of Eliwaty Tjitra, S.H., public notary in
No. 58 tanggal 18 Juli 2008, Tambahan Jakarta and published in the State Gazzette
No.12219, nama Bank diubah menjadi of the Republic of Indonesia No. 58 dated
PT Bank Windu Kentjana International Tbk. July 18, 2008, Supplement No. 12219, the
Perubahan nama ini telah disetujui Bank's name was changed to PT Bank
melalui Surat Keputusan Gubernur Bank Windu Kentjana International Tbk. The name
Indonesia No. 10/9/KEP.GBI/2008 tanggal change had been approved through the
8 Februari 2008. Decision Letter of the Governor of Bank
Indonesia No.10/9/KEP.GBI/2008 dated
February 8, 2008.
Melalui Rapat Umum Pemegang Saham Luar Through the Extraordinary General
Biasa tanggal 11 November 2016, telah Shareholders’ Meeting on November 11,
disetujui perubahan nama Bank dari PT Bank 2016, the change of the Bank’s name from
Windu Kentjana International Tbk menjadi PT Bank Windu Kentjana International Tbk to
PT Bank China Construction Bank Indonesia PT Bank China Construction Bank Indonesia
Tbk. Perubahan nama Bank ini telah mendapat Tbk has been approved. The change of the
persetujuan melalui Keputusan Menteri Hukum Bank’s name had been approved through
dan Hak Asasi Manusia Republik Indonesia No. Minister of Law and Human Rights of the
AHU-0003776.AH.01.10 tahun 2016 tanggal Republic of Indonesia Decision No. AHU-
30 November 2016 tentang Persetujuan 0003776.AH.01.10 year 2016 dated
Perubahan Anggaran Dasar Bank dan melalui November 30, 2016 regarding the Approval
Akta No. 58 tanggal 11 November 2016, dibuat of the Bank’s Articles of Association Change
di hadapan Eliwaty Tjitra, S.H., notaris di and based on Notarial Deed No. 58 dated
Jakarta. November 11, 2016 of Eliwaty Tjitra, S.H.,
public notary in Jakarta.
Bank dimiliki oleh China Construction Bank The Bank is owned by China Constuction
Corporation (CCB Corp.) selaku ultimate Bank Corporation (CCB Corp.) as the
shareholder. ultimate shareholder.
Sejak tanggal 16 Juli 2018, Bank berdomisili di Since July 16, 2018, the Bank is domiciled in
Jakarta dengan kantor pusat di Gedung Sahid Jakarta with head office located at Sahid
Sudirman Center lantai 15, Jl. Jend. Sudirman Sudirman Center Building 15th floor, Jl. Jend.
Kav. 86, Jakarta Pusat 10220 (sebelumnya Sudirman Kav. 86, Central Jakarta 10220
berdomisili di Equity Tower lantai 9, SCBD (previously was domiciled in Equity
Lot. 9, Jl. Jend. Sudirman Kav. 52-53, Jakarta Tower 9th floor, SCBD Lot. 9, Jl. Jend.
Selatan 12190). Sebaran cabang Bank meliputi Sudirman Kav. 52-53, Jakarta Selatan
daerah Jawa, Bali, Sumatra, Kepulauan Riau, 12190). The Bank’s branches are distributed
Kalimantan Barat, Sulawesi Selatan, Bangka in Java, Bali, Sumatra, Kepulauan Riau,
Belitung, dan Nusa Tenggara Barat. West Kalimantan, South Sulawesi, Bangka
Belitung, and West Nusa Tenggara.
9
Page 298
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan informasi umum (lanjutan) a. Establishment and general information
(continued)
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
jumlah jaringan cabang-cabang dan kantor- number of the Bank’s branches and
kantor pembantu Bank adalah sebagai berikut representative offices are as follows
(tidak diaudit): (unaudited):
31 Desember/December 31
2023 2022
Kantor cabang 20 21 Branch offices
Kantor cabang pembantu 51 58 Sub-branch offices
Sesuai dengan pasal 3 Anggaran Dasar Bank, In accordance with article 3 of the Bank's
ruang lingkup kegiatan Bank adalah Articles of Association, the scope of its
menjalankan kegiatan umum perbankan. Bank activities is to engage in general banking.
adalah sebuah bank devisa nasional. Bank The Bank is a foreign exchange national
telah beroperasi secara komersial sejak bank. The Bank had started the operation
tahun 1974 dan mulai menjadi bank umum commercially since 1974 and started
pada tahun 1993 berdasarkan Surat Bank becoming a general bank since 1993 based
Indonesia No.25/637/UPSD/PBAL tanggal on Bank Indonesia Letter No.
17 Maret 1993. 25/637/UPSD/PBAL dated March 17, 1993.
b. Kombinasi bisnis b. Business combination
Tahun 2007 Year 2007
Untuk memperkuat struktur permodalan terkait The shareholders of PT Bank Multicor Tbk
dengan implementasi arsitektur Perbankan and PT Bank Windu Kentjana agreed to
Indonesia, para pemegang saham PT Bank merge in order to strengthen the capital
Multicor Tbk dan PT Bank Windu Kentjana structure in relation with the implementation
telah menyetujui untuk melakukan of the Indonesian Banking Architecture. In
penggabungan usaha (merger). Dalam this merger, PT Bank Windu Kentjana is "the
penggabungan ini PT Bank Windu Kentjana Surviving Company" and PT Bank Multicor
menjadi “Perusahaan Yang Menerima Tbk is "the Merged Company".
Penggabungan” dan PT Bank Multicor Tbk
sebagai “Perusahaan yang akan Bergabung”.
Bank telah mendapat pernyataan efektif The Bank has received the notice of
sehubungan dengan merger di atas effectivity of the merger based on the
berdasarkan surat Ketua Bapepam-LK letter of the Chairman of Bapepam-LK
No. S-5968/BL/2007 tanggal 26 November No. S-5968/BL/2007 dated November 26,
2007 dan izin Bank Indonesia berdasarkan 2007 and the merger license from
Keputusan Gubernur Bank Indonesia Bank Indonesia based on the Decision
No. 9/67/KEP.GBI/2007 mengenai pernyataan of the Governor of Bank Indonesia
merger pada tanggal 18 Desember 2007. No. 9/67/KEP.GBI/2007 regarding merger
Keputusan Gubernur Bank Indonesia tersebut statement dated December 18, 2007. The
mulai berlaku sejak tanggal persetujuan effective date of the merger is based on
perubahan Anggaran Dasar PT Multicor Tbk approval for the changes in Articles of
oleh Menteri Hukum dan Hak Asasi Association of PT Bank Multicor Tbk by the
Manusia Republik Indonesia dengan surat Ministry of Laws and Human Rights of the
keputusan No. AHU-00982.AH.01.02 tanggal Republic of Indonesia in its Decision Letter
8 Januari 2008. No. AHU-00982.AH.01.02 dated January 8,
2008.
10
Page 299
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Kombinasi bisnis (lanjutan) b. Business combination (continued)
Tahun 2016 Year 2016
Pada tanggal 24 Juni 2016, Bank telah On June 24, 2016, the Bank signed a Sale
menandatangani Perjanjian Jual Beli (“SPA”) and Purchase Agreement (“SPA”) to acquire
untuk mengakuisisi PT Bank Antardaerah. PT Bank Antardaerah. The acquisition was
Akuisisi ini diselesaikan pada tanggal completed on June 24, 2016, with the Bank
24 Juni 2016, yang mana Bank mengakuisisi acquiring 100% of the issued shares of
100% dari jumlah saham yang diterbitkan oleh PT Bank Antardaerah at a purchase price of
PT Bank Antardaerah dengan harga perolehan Rp517,913 resulting in goodwill amounting to
Rp517.913 dan terdapat goodwill sebesar Rp190,075 (Note 13).
Rp190.075 (Catatan 13).
Berdasarkan SPA tersebut, Bank memperoleh Based on the SPA, the Bank has control over
kendali atas PT Bank Antardaerah. Oleh PT Bank Antardaerah. Thus, since the
karena itu, laporan keuangan PT Bank completion date of the acquisition, PT Bank
Antardaerah dikonsolidasikan ke dalam laporan Antardaerah’s financial statements have
keuangan Bank sejak tanggal penyelesaian been consolidated into the Bank’s financial
akuisisi tersebut. statements.
Melalui surat Otoritas Jasa Keuangan (“OJK”) Based on Financial Service Authority (“OJK”)
No. SR-100/D.03/2016 tanggal 13 Juni 2016, letter No. SR-100/D.03/2016 dated
Bank telah mendapatkan persetujuan atas June 13, 2016, the Bank has obtained
akuisisi PT Bank Antardaerah dari OJK. approval from OJK for the acquisition of
PT Bank Antardaerah.
Seiring dengan perkembangan dan strategi Along with the development and strategy
bisnis dalam kaitannya dengan perubahan business in relation to the changes in Bank’s
pemegang saham pengendali Bank, para controlling shareholders, the shareholders of
pemegang saham PT Bank Windu Kentjana PT Bank Windu Kentjana International Tbk
International Tbk dan PT Bank Antardaerah and PT Bank Antardaerah agreed to merge.
telah menyetujui untuk melakukan In this merger, PT Bank Windu Kentjana
penggabungan usaha (merger). Dalam International Tbk is "the Surviving Company"
penggabungan ini, PT Bank Windu Kentjana and PT Bank Antardaerah as "the Merged
International Tbk menjadi selaku “Perusahaan Company".
Yang Menerima Penggabungan” dan PT Bank
Antardaerah sebagai “Perusahaan yang akan
Bergabung”.
Bank telah mendapat pernyataan efektif The Bank has received the notice of
sehubungan dengan merger di atas effectivity of the merger based on the
berdasarkan persetujuan OJK melalui surat approval of OJK through letter
No. S-587/D.04/2016 tanggal 14 Oktober 2016. No. S-587/D.04/2016 dated October 14,
Keputusan tersebut mulai berlaku sejak tanggal 2016. The approval date for the changes in
persetujuan perubahan Anggaran Dasar Articles of Association of PT Bank Windu
PT Bank Windu Kentjana International Tbk oleh Kentjana International Tbk by the Ministry of
Menteri Hukum dan Hak Asasi Manusia Laws and Human Rights of the Republic of
Republik Indonesia dengan surat Indonesia in its Decision Letter No. AHU-
keputusan No. AHU-0143387.AH.01.11 tanggal 0143387.AH.01.11 dated November 30,
30 November 2016. 2016.
Setelah merger, susunan kepemilikan After the merger, the Bank’s composition of
permodalan Bank tidak mengalami perubahan. shares ownership did not change.
11
Page 300
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Kombinasi bisnis (lanjutan) b. Business combination (continued)
Tahun 2016 (lanjutan) Year 2016 (continued)
Penggabungan usaha tersebut dicatat dengan The merger will be performed using the
metode penyatuan kepemilikan (pooling of pooling of interest method based on each
interest) berdasarkan nilai buku masing-masing entity’s book value.
Perusahaan.
c. Penawaran umum efek c. Public offering of the shares
Pada tanggal 20 Juni 2007, Bank memperoleh On June 20, 2007, the Bank obtained the
pernyataan efektif dari Ketua Badan Pengawas notice of effectivity from the Chairman of the
Pasar Modal dan Lembaga Keuangan Capital Market and Financial Institutions
(Bapepam-LK) melalui surat Supervisory Agency (Bapepam-LK) in his
No. S-3023/BL/2007 untuk penawaran umum letter No. S-3023/BL/2007 for the initial
perdana atas 300.000.000 lembar saham public offering of 300,000,000 shares with a
dengan nilai nominal Rp100 (nilai penuh) per par value of Rp100 (full amount) per share
saham dengan harga penawaran sebesar and offering price of Rp200 per share. On
Rp200 per saham. Saham-saham Bank telah July 3, 2007, the Bank's shares were listed in
tercatat di Bursa Efek Indonesia pada tanggal the Indonesia Stock Exchange.
3 Juli 2007.
Pada tanggal 24 Juni 2010, Bank mengadakan On June 24, 2010, the Bank held an
Rapat Umum Pemegang Saham Luar Biasa Extraordinary General Shareholders'
untuk mengesahkan rencana Bank untuk Meeting to ratify the plan of the Bank to issue
melaksanakan Penawaran Umum Terbatas I additional 1,014,630,713 shares with a par
dalam rangka penerbitan Hak Memesan Efek value of Rp100 (full amount) per share
Terlebih Dahulu sejumlah 1.014.630.713 through Limited Public Offering I at an
lembar saham yang bernilai nominal Rp100 exercise price of Rp200 (full amount) per
(nilai penuh) per saham dengan harga share. The minutes of the Extraordinary
pelaksanaan sebesar Rp200 (nilai penuh) per Shareholders' Meeting were documented in
saham. Risalah Rapat Umum Pemegang Notarial Deed No. 187 dated June 24, 2010
Saham Luar Biasa ini didokumentasikan dalam of Eliwaty Tjitra, S.H., public notary in
Akta No. 187 tanggal 24 Juni 2010 dari Eliwaty Jakarta.
Tjitra, S.H., notaris di Jakarta.
Penawaran Umum Terbatas I ini telah The Limited Public Offering I took effect upon
mendapat pernyataan efektif dari Ketua receipt from the Chairman of Bapepam-LK of
Bapepam-LK pada tanggal 24 Juni the notice of effectivity in his Decision Letter
2010 melalui Surat Keputusan No. S-5684/BL/ No. S-5684/BL/2010 on June 24, 2010. The
2010. Jumlah dana yang diperoleh dari hasil proceeds from this Limited Public Offering I
Penawaran Umum Terbatas I ini adalah amounted to Rp202,926.
sebesar Rp202.926.
Sesuai dengan Keputusan Rapat Umum Based on the Decision of Extraordinary
Pemegang Saham Luar Biasa yang General Shareholders Meeting held on
diselenggarakan pada tanggal 28 Juni 2012 June 28, 2012 which was notarised under
yang dibuat di hadapan akta Notaris Eliwaty notarial deed No. 171 of Eliwaty Tjitra, S.H.,
Tjitra, S.H., No. 171, Bank telah melakukan the Bank offered Limited Public Offering II
Penawaran Umum Terbatas II dengan hak with Pre-emptive Rights of 525,962,624
Memesan Efek Terlebih Dahulu sejumlah shares at par value of Rp100 (full amount)
525.962.624 lembar saham dengan nilai per share at exercise price of Rp200 (full
nominal Rp100 (nilai penuh) per saham dan amount) per share.
harga pelaksanaan sebesar Rp200 (nilai
penuh) per saham.
12
Page 301
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek (lanjutan) c. Public offering of the shares (continued)
Dengan Penawaran Umum Terbatas II ini, With this Limited Public Offering II, the
modal saham ditempatkan dan disetor penuh issued and fully paid-up share capital of the
menjadi sebesar Rp428.284 yang terdiri dari Bank became Rp428,284 representing
4.282.838.507 lembar saham. Penawaran 4,282,838,507 shares. The Limited Public
Umum Terbatas II Dengan Hak Memesan Efek Offering II with Pre-emptive Rights became
Terlebih Dahulu tersebut telah memperoleh effective through the chairman of
pernyataan efektif dari ketua Bapepam-LK pada Bapepam-LK’s letter No. S-8057/BL/2012
tanggal 27 Juni 2012 melalui surat dated June 27, 2012.
No. S-8057/BL/2012.
Bank juga menerbitkan Waran Seri I sebanyak The Bank also issued Warrant Series I
525.962.624 lembar dengan nilai nominal amounting to 525,962,624 warrants at par
Rp100 (nilai penuh) per saham dan harga value of Rp100 (full amount) per share at
penawaran sebesar Rp225 (nilai penuh) per offering price of Rp225 (full amount) per
saham, yang seluruhnya berjumlah Rp118.342 share, which in total amounting to
atas setiap saham baru yang diterbitkan Bank Rp118,342 at every new share issued by the
sehubungan dengan Penawaran Umum Bank related to the Limited Public Offering II.
Terbatas II.
Nilai wajar Waran Seri I pada saat waran The fair value of the Warrant Series I when
tersebut diterbitkan adalah sebesar Rp566 issued is Rp566 and presented as part of the
yang disajikan sebagai bagian dari tambahan additional paid-in capital. On July 18, 2013,
modal disetor. Pada tanggal 18 Juli 2013, October 2, 2013 and November 25, 2013,
2 Oktober 2013. dan 25 November 2013, 3 (three) Warrant Series I, 5.000 Warrant
masing-masing sebesar 3 Waran Seri I, 5.000 Series I and 280 Warrant Series I,
Waran Seri I dan 280 Waran Seri I respectively were converted into the Bank’s
dikonversikan menjadi saham Bank yang shares which exercised using an exercise
dilaksanakan dengan harga pelaksanaan price of Rp225 (full amount) per share, par
sebesar Rp225 (nilai penuh) per saham, nilai value of Rp100 (full amount) per share.
nominal Rp100 (nilai penuh) per saham.
Jumlah dana yang diperoleh dari hasil The proceeds from this Limited Public
Penawaran Umum Terbatas ini sebesar Offering amounted to Rp105,192 with the
Rp105.192 dengan biaya emisi sebesar issuance cost amounting to Rp1,242.
Rp1.242.
Sesuai dengan Keputusan Rapat Umum Based on the Decision of Extraordinary
Pemegang Saham Luar Biasa yang General Shareholders’ Meeting held on
diselenggarakan pada tanggal 19 November November 19, 2013 which was notarised
2013 yang diaktakan dengan akta notaris under notarial deed No. 121 of Eliwaty Tjitra,
Eliwaty Tjitra, S.H., No. 121, Bank telah S.H., the Bank offered Limited Public
melakukan Penawaran Umum Terbatas III Offering III with Pre-emptive Rights of
dengan Hak Memesan Efek Terlebih Dahulu 1,627,480,640 shares at par value of Rp100
seluruhnya 1.627.480.640 lembar saham (full amount) per share at offering price of
dengan nilai nominal Rp100 (nilai penuh) per Rp125 (full amount) per share.
saham dan harga penawaran sebesar Rp125
(nilai penuh) per saham.
13
Page 302
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek (lanjutan) c. Public offering of the shares (continued)
Dengan Penawaran Umum Terbatas ini, modal With this Limited Public Offering, the issued
saham ditempatkan dan disetor penuh menjadi and fully paid-up share capital of the Bank
sebesar Rp519.032 yang terdiri dari became Rp519,032 representing
5.910.324.430 lembar saham. Penawaran 5,910,324,430 shares. The Limited Public
Umum Terbatas III Dengan Hak Memesan Efek Offering III with Pre-emptive Rights became
Terlebih Dahulu tersebut telah memperoleh effective through the OJK Commissioner
pernyataan efektif dari Dewan Komisioner OJK Board’s letter No. S-368/D.04/2013 dated
pada tanggal 19 November 2013 melalui surat November 19, 2013.
No. S-368/D.04/2013.
Bank juga menerbitkan Waran Seri II sebanyak Bank also issued Warrant Series II with total
813.740.320 lembar dengan nilai nominal number of 813,740,320 warrants at par value
Rp100 (nilai penuh) per saham dan harga of Rp100 (full amount) per share at offering
penawaran sebesar Rp190 (nilai penuh) per price of Rp190 (full amount) per share, which
saham, yang seluruhnya berjumlah Rp154.611, in total amounted to Rp154,611, for every
atas setiap saham baru yang diterbitkan Bank new share issued by the Bank related to the
sehubungan dengan Penawaran Umum Limited Public Offering III. The fair value of
Terbatas III. Nilai wajar Waran Seri II pada saat the Warrant Series II when issued amounted
waran tersebut diterbitkan adalah sebesar to Rp1,094 and presented as part of the
Rp1.094 yang disajikan sebagai bagian dari additional paid-in capital.
tambahan modal disetor.
Jumlah dana yang diperoleh dari hasil The proceeds from this Limited Public
Penawaran Umum Terbatas ini sebesar Offering amounted to Rp203,435, with
Rp203.435, dengan biaya emisi sebesar issuance cost of Rp2,027.
Rp2.027.
Sehubungan dengan penerbitan saham baru With this issuance of new shares through
melalui Penawaran Umum Terbatas III, maka Limited Public Offering III, there is an
terdapat penyesuaian jumlah dan harga adjustment of amount and offering price of
konversi Waran Seri I sebagai berikut: Warrant Series I:
i. Jumlah Waran Seri I yang beredar i. Changes in amount of Warrant Series I
mengalami penyesuaian dari 525.962.624 from the amount of 525,962,624 to the
menjadi 592.580.297 lembar. amount of 592,580,297 warrants.
ii. Harga Pelaksanaan Waran Seri I ii. Changes in offering price of Warrant
mengalami penyesuaian dari Rp225 Series I from offering price of Rp225 to
menjadi Rp200 (nilai penuh) per saham. the offering price of Rp200 (full amount)
per share.
Pada tanggal 21 Mei dan 9 Juni 2014, masing- On May 21 and June 9, 2014, 60,000
masing sebesar 60.000 Waran Seri I dan Warrants Series I and 510,000 Warrants
510.000 Waran Seri I dikonversikan menjadi Series I, respectively were converted into the
saham Bank yang dilaksanakan dengan harga Bank’s shares which were exercised using
pelaksanaan sebesar Rp200 (nilai penuh) per an exercise price of Rp200 (full amount) per
saham, atau nilai nominal Rp100 (nilai penuh) share, or par value of Rp100 (full amount)
per saham. per share.
14
Page 303
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek (lanjutan) c. Public offering of the shares (continued)
Pada periode 1 Januari hingga 31 Desember In the period between January 1 to
2015, masing-masing 587.404.171 Waran Seri December 31, 2015, 587,404,171 Warrants
I dan 37.987.934 Waran Seri II dikonversikan Series I and 37,987,934 Warrants Series II,
menjadi saham Bank yang dilaksanakan respectively are converted into the Bank’s
dengan harga pelaksanaan masing-masing shares which were exercised using exercise
sebesar Rp200 (nilai penuh) per saham untuk price of Rp200 (full amount) per share for
Waran Seri I dan Rp190 (nilai penuh) per Warrant Series I and Rp190 (full amount) per
saham untuk Waran Seri II. Keduanya share for Warrant Series II. Both warrants
menggunakan nilai nominal Rp100 (nilai penuh were using par value of Rp100 (full amount)
per saham). per share.
Pada periode 1 Januari hingga 31 Desember In the period between January 1 to
2016, 11.654.379 Waran Seri II dikonversikan December 31, 2016, 11,654,379 Warrants
menjadi saham Bank yang dilaksanakan Series II, respectively were converted into
dengan harga pelaksanaan sebesar Rp190 the Bank’s shares which were exercised
(nilai penuh) per saham untuk Waran Seri II using exercise price of Rp190 (full amount)
menggunakan nilai nominal Rp100 (nilai per share for Warrant Series II using par
penuh) per saham. value of Rp100 (full amount) per share.
Sesuai dengan Keputusan Rapat Umum Based on the Decision of Extraordinary
Pemegang Saham Luar Biasa yang General Shareholders Meeting held on
diselenggarakan pada tanggal 24 Februari February 24, 2016 which was notarised
2016 dan tertuang dalam Akta Pernyataan under notarial deed No. 69 dated August 25,
Keputusan Rapat PT Bank Windu Kentjana 2016 of Eliwaty Tjitra, S.H., the Bank offered
International Tbk No. 69 tanggal 25 Agustus Limited Public Offering IV with Pre-emptive
2016 yang dibuat di hadapan notaris Eliwaty Rights of 10,083,519,837 shares at par value
Tjitra, S.H., Bank telah melakukan Penawaran of Rp100 (full amount) per share at offering
Umum Terbatas IV dengan Hak Memesan Efek price of Rp100 (full amount) per share.
Terlebih Dahulu seluruhnya 10.083.519.837
lembar saham dengan nilai nominal sebesar
Rp100 (nilai penuh) per saham dan harga
penawaran sebesar Rp100 (nilai penuh) per
saham.
Setiap pemegang saham yang memiliki 100 Every shareholder which holds 100 shares,
lembar saham, yang namanya tercatat dalam whose name was recorded in List of Bank’s
Daftar Pemegang Saham Bank mempunyai Shareholders that has Pre-emptive Right of
154 Hak Memesan Efek Terlebih Dahulu 154 shares in which 1 Pre-emptive Right
(HMETD), dimana setiap 1 (satu) HMETD enables the holder to buy 1 newly issued
memberikan hak kepada pemegangnya untuk ordinary share, has to pay fully on
membeli sebanyak 1 (satu) lembar saham reservation of Pre-emptive Right at the same
biasa yang baru diterbitkan, harus membayar price with exercise price amounting to Rp100
penuh pada saat mengajukan pemesanan (full amount) for every ordinary share.
pelaksanaan HMETD pada harga yang sama
dengan harga pelaksanaan sebesar Rp100
(nilai penuh) setiap saham.
15
Page 304
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek (lanjutan) c. Public offering of the shares (continued)
Sehubungan dengan Penawaran Umum Related to Limited Public Offering IV, the
Terbatas IV ini, telah ditandatangani perjanjian Sale Purchase Agreement has been signed
jual beli (SPA) dimana Johnny Wiraatmadja in which Johnny Wiraatmadja as the Bank’s
sebagai pemegang saham pengendali Bank majority shareholder will hand over his Pre-
akan menyerahkan HMETD yang menjadi emptive Right in Limited Public Offering IV to
haknya dalam Penawaran Umum Terbatas IV China Construction Bank (CCB) to
ini kepada China Construction Bank (CCB) eventually be converted by CCB as newly
untuk kemudian HMETD akan dilaksanakan issued shares. CCB will then own not less
oleh CCB untuk menjadi saham baru Bank. than 51% of the Bank’s authorised and
Selanjutnya, CCB akan memiliki saham Bank issued shares after Limited Public Offering IV
tidak kurang dari 51% dari jumlah seluruh has been held.
saham yang ditempatkan dan disetor penuh
setelah Penawaran Umum Terbatas IV
dilaksanakan.
Dengan Penawaran Umum Terbatas ini, modal With this Limited Public Offering, the issued
saham ditempatkan dan disetor penuh menjadi and fully paid-up share capital of the Bank
sebesar Rp1.663.126 yang terdiri dari became Rp1,663,126 representing
16.631.260.145 lembar saham. Penawaran 16,631,260,145 shares. The Limited Public
Umum Terbatas IV Dengan Hak Memesan Efek Offering IV with Pre-emptive Rights became
Terlebih Dahulu tersebut telah memperoleh effective through the OJK Commissioner
pernyataan efektif dari Dewan Komisioner OJK Board’s letter No. S-311/D.04/2016 dated
pada tanggal 22 Juni 2016 melalui surat June 22, 2016.
No. S-311/D.04/2016.
Jumlah dana yang diperoleh dari hasil The proceeds from this Limited Public
Penawaran Umum Terbatas ini sebesar Offering amounted to Rp1,663,126, with
Rp1.663.126 dengan biaya emisi sebesar issuance cost of Rp42,351.
Rp42.351.
Pada periode 1 Januari hingga 31 Desember In the period between January 1 to
2016, 11.654.379 Waran Seri II dikonversikan December 31, 2016, 11,654,379 Warrants
menjadi saham Bank yang dilaksanakan Series II were converted into the Bank’s
dengan harga pelaksanaan sebesar Rp190 shares which were exercised using exercise
(nilai penuh) per saham untuk Waran Seri II price of Rp190 (full amount) per share for
menggunakan nilai nominal sebesar Rp100 Warrant Series II using par value of Rp100
(nilai penuh) per saham. (full amount) per share.
16
Page 305
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek (lanjutan) c. Public offering of the shares (continued)
Pada tanggal 11 Oktober 2019, Bank telah On October 11, 2019, the Bank has obtained
memperoleh persetujuan pemegang saham the approval of the Bank's shareholders for
Bank atas rencana Penawaran Umum Terbatas the Limited Public Offering V plan as
V sebagaimana ternyata dalam Akta Berita evidenced in the Deed of Minutes of
Acara Rapat Umum Pemegang Saham Luar Extraordinary General Meeting of
Biasa no.35 tanggal 11 Oktober 2019 yang Shareholders no.35 dated October 11, 2019
telah dilaporkan kepada OJK sebagaimana which has been reported to OJK as
dibuktikan berdasarkan tanda terima OJK evidenced by OJK's receipt No. dated
No.081322 tertanggal 18 Oktober 2019 dibuat October 18, 2019 made before Eliwaty Tjitra
di hadapan Eliwaty Tjitra S.H, Notaris di Jakarta SH, Notary in Jakarta where at point b the
di mana pada poin b para pemegang saham shareholders of the Bank decided to approve
Bank memutuskan untuk menyetujui rencana the Bank's plan to conduct a Limited Public
Bank untuk melakukan Penawaran Umum Offering by issuing a maximum of
Terbatas dengan mengeluarkan sebanyak- 32,000,000,000 (thirty two billion) new
banyaknya 32.000.000.000 (tiga puluh dua shares to the shareholders of the Bank by
miliar) saham baru kepada para pemegang issuing Pre-emptive Rights (HMETD).
saham Bank dengan menerbitkan Hak
Memesan Efek Terlebih Dahulu (HMETD).
Sehubungan dengan Penawaran Umum In connection with this Limited Public
Terbatas V ini, Bank menawarkan sebanyak Offering V, the Bank offers 21,288,269,763
21.288.269.763 (dua puluh satu miliar dua ratus (twenty-one billion two hundred and eighty-
delapan puluh delapan juta dua ratus enam eight million two hundred and sixty-nine
puluh sembilan ribu tujuh ratus enam puluh tiga) thousand seven hundred and sixty-three)
Saham Baru atas nama dengan nilai nominal New Shares on behalf of a par value of
Rp100 (seratus Rupiah) setiap saham yang Rp100 (one hundred Rupiah) per share
merupakan 56,14% dari jumlah saham Bank which represents 56.14% of the total shares
yang telah beredar setelah PUT V. of the Bank that have been outstanding after
Limited Public Offering V.
Setiap pemegang 100 (seratus) Saham Lama Each holder of 100 (one hundred) Old Bank
Bank berhak atas 128 (seratus dua puluh Shares is entitled to 128 (one hundred and
delapan) HMETD dimana 1 (satu) HMETD twenty eight) Pre-emptive Rights in which 1
berhak untuk membeli 1 (satu) Saham Baru (one) HMETD is entitled to purchase 1 (one)
dengan Harga Pelaksanaan sebesar Rp150 New Share at an Exercise Price of Rp150
(seratus lima puluh Rupiah) per saham. (one hundred and fifty Rupiah) per share.
17
Page 306
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek (lanjutan) c. Public offering of the shares (continued)
Dengan Penawaran Umum Terbatas ini, modal With this Limited Public Offering, the issued
saham ditempatkan dan disetor penuh menjadi and fully paid-up share capital amounted to
sebesar Rp3.791.973 yang terdiri dari Rp3,791,973 consisting of 37,919,730,514
37.919.730.514 lembar saham. Penawaran shares. Limited Public Offering V with Pre-
Umum Terbatas V dengan Hak Memesan Efek emptive Rights has obtained an effective
Terlebih Dahulu tersebut telah memperoleh statement from the OJK Board of
pernyataan efektif dari Dewan Komisioner OJK Commissioners on June 16, 2020 through
pada tanggal 16 Juni 2020 melalui surat letter No. S-162/D.04/2020.
No. S-162/D.04/2020.
China Construction Bank Corporation (CCB China Construction Bank Corporation (CCB
Corp) adalah Pemegang Saham Utama Bank. Corp) is the Bank's Main Shareholder. At the
Pada saat Penawaran Umum Terbatas V time PUT V was implemented, CCB Corp.
dilaksanakan, CCB Corp memiliki owned 9,978,756,012 (nine billion nine
9.978.756.012 (sembilan miliar sembilan ratus hundred and seventy-eight million seven
tujuh puluh delapan juta tujuh ratus lima puluh hundred and fifty-six thousand twelve)
enam ribu dua belas) saham dalam Bank. CCB shares in the Bank. CCB Corp. has
Corp telah melaksanakan seluruh haknya exercised all of its rights in accordance with
sesuai dengan porsi kepemilikan sahamnya its shareholding in the Bank.
dalam Bank.
Jumlah dana yang diperoleh dari hasil The amount of funds obtained from the
Penawaran Umum Terbatas ini sebesar Limited Public Offering amounted to
Rp3.193.240 dengan biaya emisi sebesar Rp3,193,240 with an emission fee of
Rp35.383. Hasil emisi Penawaran Umum Rp35,383. Limited Public Offering V
Terbatas V mencapai 100% (seratus persen) emissions reached 100% (one hundred
dari target dana yang direncanakan. percent) of the planned fund target.
Setelah pelaksanaan Penawaran Umum After the implementation of Limited Public
Terbatas V, jumlah saham yang telah Offering V, the number of fully issued and
ditempatkan dan disetor penuh Bank adalah paid-up shares is 37,919,730,514 (thirty-
sebanyak 37.919.730.514 (tiga puluh tujuh seven billion nine hundred and nineteen
miliar sembilan ratus sembilan belas juta tujuh million seven hundred and thirty thousand
ratus tiga puluh ribu lima ratus empat belas) five hundred and fourteen) shares, which
saham, telah dicatatkan pada Bursa Efek were listed on the Indonesia Stock
Indonesia. Exchange.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
masing-masing total saham yang telah Bank’s fully issued and paid-up shares is
ditempatkan dan disetor penuh Bank adalah 37,919,730,514 and 37,919,730,514,
sebanyak 37.919.730.514 dan 37.919.730.514 respectively, which were listed on the
lembar saham, telah dicatatkan pada Bursa Indonesia Stock Exchange (Note 25).
Efek Indonesia (Catatan 25).
18
Page 307
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Dewan Komisaris, Direksi, dan karyawan d. The Board of Commissioners, the Board
of Directors, and employees
Susunan Dewan Komisaris dan Direksi Bank The composition of the Bank’s Board of
pada tanggal 31 Desember 2023 dan 2022 Commissioners and the board of Directors as
adalah sebagai berikut: of December 31, 2023 and 2022 are as
follows:
31 Desember/December 31
2023 2022
Dewan Komisaris Board of Commissioners
Komisaris Utama Sun Jianzheng Sun Jianzheng President Commissioner
Komisaris Qi Jiangong Qi Jiangong Commissioner
Komisaris Independen Mohamad Hasan Mohamad Hasan Independent Commissioner
Komisaris Independen Yudo Sutanto, Nyoo Yudo Sutanto, Nyoo Independent Commissioner
Direksi Board of Directors
Direktur Utama You Wennan You Wennan President Director
Direktur Corporate and Corporate and International
International Banking Zhu Yong Zhu Yong Banking Director
Direktur Keuangan Chandra N.T. Siagian Chandra N.T. Siagian Finance Director
Direktur Operasional Junianto Junianto Operational Director
Direktur Commercial and Commercial and Retail
Retail Banking Setiawati Samahita Setiawati Samahita Banking Director
Direktur Kepatuhan Agresius R. Kadiaman Agresius R. Kadiaman Compliance Director
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the total
jumlah karyawan Bank (termasuk karyawan number of the Bank’s employees (including
kontrak) masing-masing sebanyak 1.183 dan contract employees) are 1,183 and 1,203
1.203 orang (tidak diaudit). employees, respectively (unaudited).
e. Komite Audit e. Audit Committee
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
susunan Komite Audit adalah sebagai berikut: composition of the Audit Committee are as
follows:
31 Desember/December 31
2023 2022
Ketua Mohamad Hasan Mohamad Hasan Chairman
Anggota Mohamad Hassan Mohamad Hassan Member
Anggota - Mulyadi Member
Pembentukan Komite Audit Bank telah sesuai The establishment of the Bank’s Audit
dengan Peraturan Otoritas Jasa Keuangan Committee is in compliance Regulation of
(“POJK”) No. 55/POJK.04/2015. Financial Services Authority (“POJK”)
No. 55/POJK.04/2015.
19
Page 308
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
f. Sekretaris Perusahaan f. Corporate Secretary
Sekretaris Perusahaan Bank pada tanggal The Bank’s Corporate Secretary as of
31 Desember 2023 dan 2022 adalah Andreas December 31, 2023 and 2022 is Andreas
Herman Basuki. Herman Basuki.
g. Satuan Kerja Audit Internal g. Internal Audit
31 Desember/December 31
2023 2022
Kepala Satuan Kerja Audit
Internal Rita Fitria Erwin Ruchiawan Head of Internal Audit
Pada tanggal 31 Desember 2023 Kepala As of December 31, 2023 The Head of
Satuan Kerja Audit Internal adalah Rita Fitria Internal Audit, Rita Fitria replace the position
menggantikan posisi Pejabat Sementara Erwin of previous temporary Head of Internal Audit
Ruchiawan. Erwin Ruchiawan.
h. Komite Pemantau Risiko h. Risk Monitoring Committee
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
susunan Komite Pemantau Risiko adalah composition of the Risk Monitoring
sebagai berikut: Committee are as follows:
31 Desember/December 31
2023 2022
Ketua Yudo Sutanto, Nyoo Yudo Sutanto, Nyoo Chairman
Anggota Mohamad Hassan Mohamad Hassan Member
Anggota Mohammad Sumarsono Mohammad Sumarsono Member
i. Komite Remunerasi dan Nominasi i. Remuneration and Nomination
Committee
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
susunan Komite Remunerasi dan Nominasi composition of the Remuneration and
adalah sebagai berikut: Nomination Committee are as follows:
31 Desember/December 31
2023 2022
Ketua Mohamad Hasan Mohamad Hasan Chairman
Anggota Qi Jiangong Qi Jiangong Member
Anggota Irwan Ignatius Bonto Irwan Ignatius Bonto Member
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES
Manajemen Bank bertanggung jawab penuh The management of the Bank is fully responsible
terhadap penyajian laporan keuangan terlampir for the preparation of the accompanying financial
yang diselesaikan dan disetujui untuk diterbitkan statements which were completed and
oleh Direksi pada tanggal 2 Februari 2024. authorised for issuance by the Board of Directors
on February 2, 2024.
20
Page 309
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
Kebijakan akuntansi material yang diterapkan The material accounting policies applied
secara konsisten untuk tahun yang berakhir pada consistently in preparing the financial statements
tanggal 31 Desember 2023 dan 2022 dalam of the Bank for the year ended December 31,
penyusunan laporan keuangan Bank adalah 2023 and 2022 are as follows:
sebagai berikut:
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the financial
statements
Laporan keuangan telah disusun dan disajikan The financial statements have been
sesuai dengan Standar Akuntansi Keuangan di prepared and presented in accordance with
Indonesia. yang mencakup Pernyataan dan the Indonesian Financial Accounting
Interpretasi yang dikeluarkan oleh Dewan Standards including Statements and
Standar Akuntansi Keuangan Ikatan Akuntan Interpretations issued by the Board of
Indonesia (“DSAK-IAI”) dan peraturan Financial Accounting Standards of the
Bapepam-LK No. VIII.G.7, Lampiran Keputusan Indonesian Institute of Accountants
Ketua Bapepam-LK No. KEP-347/BL/2012 (“DSAK-IAI”) and Bapepam-LK’s regulation
tanggal 25 Juni 2012 tentang “Penyajian dan No. VIII G.7, Appendix of the Decision of the
Pengungkapan Laporan Keuangan Emiten atau Chairman of Bapepam-LK No. KEP-
Perusahaan Publik”. 347/BL/2012 dated June 25, 2012 regarding
“Guidelines on Financial Statements
Presentations and Disclosures for Issuers or
Public Companies”.
Laporan keuangan disusun berdasarkan basis The financial statements have been prepared
akrual dengan menggunakan konsep nilai on accrual basis under the historical cost
historis, kecuali untuk revaluasi aset tetap dan convention, except for the revaluation of fixed
jika standar akuntansi mensyaratkan assets and where accounting standards
pengukuran nilai wajar. require fair value measurement.
Laporan arus kas disusun dengan The statements of cash flows are prepared
menggunakan metode langsung yang based on the modified direct method by
dimodifikasi dengan mengelompokkan arus kas classifying cash flows on the basis of
ke dalam aktivitas operasi, investasi dan operating, investing and financing activities.
pendanaan.
Untuk tujuan penyajian laporan arus kas, kas For the purpose of presentation of the
dan setara kas meliputi kas, giro pada Bank statements of cash flows, cash and cash
Indonesia, giro pada bank lain, penempatan equivalents consist of cash, current accounts
pada Bank Indonesia dan bank lain yang jatuh with Bank Indonesia, current accounts with
tempo dalam waktu tiga bulan sejak tanggal other banks, placements with Bank Indonesia
perolehan, sepanjang tidak digunakan sebagai and other banks that mature within three
jaminan serta tidak dibatasi penggunaannya. months from the date of acquisition, as long
as they are neither being pledged as
collateral nor restricted.
Bank telah menetapkan mata uang fungsional The Bank has determined that its functional
dan penyajian adalah mata uang Rupiah. and presentation currency is Rupiah. Figures
Seluruh angka dalam laporan keuangan ini in the financial statements are rounded to and
dibulatkan menjadi dan dinyatakan dalam stated in millions of Rupiah, unless otherwise
jutaan Rupiah, kecuali dinyatakan lain. specified.
21
Page 310
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the financial
(lanjutan) statements (continued)
Penyusunan laporan keuangan sesuai dengan The preparation of financial statements in
Standar Akuntansi Keuangan di Indonesia conformity with Indonesian Financial
mengharuskan penggunaan estimasi dan Accounting Standards requires the use of
asumsi. Hal tersebut juga mengharuskan certain critical accounting estimates and
manajemen untuk membuat pertimbangan assumptions. It also requires management to
dalam proses penerapan kebijakan akuntansi exercise its judgment in the process of
Bank. Area yang kompleks atau memerlukan applying the Bank’s accounting policies. The
tingkat pertimbangan yang lebih tinggi, atau areas involving a higher degree of judgment
area di mana asumsi dan estimasi dapat or complexity, or areas where assumptions
berdampak signifikan terhadap laporan and estimates are significant to the financial
keuangan diungkapkan di Catatan 3, kecuali statements are disclosed in Note 3, except as
dinyatakan dibawah ini. Kebijakan akuntansi described below. The accounting policies
telah diterapkan secara konsisten pada laporan applied are consistent with the annual
keuangan tahunan untuk tahun yang berakhir financial statements for the years ended
pada tanggal 31 Desember 2023 dan 2022, December 31, 2023 and 2022, which confirm
sesuai dengan Pernyataan Standar Akuntansi to the Statements of Financial Accounting
Keuangan di Indonesia (PSAK). Standards (SFAS).
b. Perubahan pada pernyataan standar b. Changes to the statements of financial
akuntansi keuangan dan interpretasi accounting standards and interpretations
pernyataan standar akuntansi keuangan of statement of financial accounting
standards
Penerapan dari standar dan interpretasi baru The adoption of these new and revised
berikut sejak 1 Januari 2023, tidak standards and interpretation since
menimbulkan perubahan substansial terhadap January 1, 2023 did not result in substansial
kebijakan akuntansi Bank dan tidak berdampak changes to Bank’s accounting policies and
material terhadap jumlah yang dilaporkan pada had no material effect on the amounts
periode berjalan atau tahun sebelumnya: reported for the current or prior financial
period/years:
- Amendemen PSAK No. 1, ”Penyajian - Amendement of SFAS No. 1,
Laporan Keuangan” tentang “Presentation of Financial Statements”
pengungkapan kebijakan akuntansi yang regarding disclosure of accounting
mengubah istilah ”signifikan” menjadi policies that chnage the term
”material” dan memberi penjelasan “significant” to “material” and provide
mengenai kebijakan akuntansi material” explanations of material accounting
policies
- Amandemen PSAK No. 1, ”Penyajian - Amendement of SFAS No. 1
Laporan Keuangan” tentang klasifikasi “Presentation of Financial Statements”
liabilitas regarding classification of liabilities
- Amandemen PSAK No. 25 “Kebijakan - Amendments of SFAS No. 25,
Akuntansi, Perubahan Estimasi Akuntasi, “Accounting Policies, Changes in
dan Kesalahan” tentang definisi “estimasi Accounting Estimates and Errors”
akuntansi” dan penjelasannya regarding definition of “accounting
estimates” and their explanations
- Amandemen PSAK No. 16, “Aset Tetap” - Amendment of SFAS No. 16, “Fixed
tentang hasil sebelum penggunaan yang Assets” regarding proceeds before
diintensikan intended use
22
Page 311
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
b. Perubahan pada pernyataan standar b. Changes to the statements of financial
akuntansi keuangan dan interpretasi accounting standards and interpretations
pernyataan standar akuntansi keuangan of statement of financial accounting
(lanjutan) standards (continued)
- Amandemen PSAK No. 46, “Pajak - Amendment of SFAS No. 46, “Income
Penghasilan” tentang Pajak Tangguhan Tax” on Deffered Tax related to Assets
terkait Aset dan Liabilitas yang timbul dai and Liabilities arising from a Single
Transaksi Tunggal yang diadopsi dari Transaction which adopted from
Amandemen IAS 12 Income Taxes tentang Amended IAS 12 Income Taxes on
Deffered Tax related to Assets and Deferred Tax related to Assets and
Liabilities arising from a Single Transaction Liabilities arising from a Single
Transaction
- Amandemen PSAK No. 73, “Sewa” terkait - Amendments of SFAS No. 73, “Leases”
liabilitas sewa pada transaksi jual dan regarding lease liabilities in sale-and-
sewa-balik lease back transaction
c. Kombinasi bisnis c. Business combination
Metode akuisisi Acquisition method
Bank menerapkan metode akuisisi untuk The Bank applies the acquisition method to
mencatat kombinasi bisnis. Imbalan yang account for business combinations. The
dialihkan untuk akuisisi suatu entitas anak consideration transferred for the acquisition
adalah sebesar nilai wajar aset yang dialihkan, of a subsidiary is the fair value of the assets
liabilitas yang diakui terhadap pemilik pihak transferred, the liabilities incurred to the
yang diakusisi sebelumnya, dan kepentingan former owners of the acquiree, and the
ekuitas yang diterbitkan oleh Bank. Imbalan equity interests issued by the Bank. The
yang dialihkan termasuk nilai wajar aset atau consideration transferred includes the fair
liabilitas yang timbul dari kesepakatan imbalan value of any asset or liability resulting from a
kontinjensi. Aset teridentifikasi yang diperoleh contingent consideration arrangement.
dan liabilitas serta liabilitas kontinjensi yang Identifiable assets acquired and liabilities
diambil alih dalam suatu kombinasi bisnis and contingent liabilities assumed in a
diukur pada awalnya sebesar nilai wajar pada business combination are measured initially
tanggal akuisisi. at their fair values at the acquisition date.
Imbalan kontinjensi yang dialihkan oleh pihak Any contingent consideration to be
pengakuisisi diakui pada nilai wajar tanggal transferred by the acquirer will be recognised
akuisisi. Perubahan nilai wajar atas imbalan at fair value at the acquisition date.
kontinjensi setelah tanggal akuisisi yang Subsequent changes to the fair value of the
diklasifikasikan sebagai aset atau liabilitas contingent consideration which is deemed to
akan diakui sebagai laba rugi sesuai dengan be an asset or liability will be recognised in
PSAK 55. Jika diklasifikasikan sebagai ekuitas, accordance with SFAS 55 either in profit or
imbalan kontinjensi tidak diukur kembali dan loss. If the contingent consideration is
penyelesaian selanjutnya diperhitungkan classified as equity, it should not be
dalam ekuitas. remeasured until it is finally settled within
equity.
Pada tanggal akuisisi, goodwill awalnya diukur At acquisition date, goodwill is initially
pada harga perolehan yang merupakan selisih measured at cost being the excess of the
lebih nilai agregat dari imbalan yang dialihkan aggregate of the consideration transferred
dan total setiap Kepentingan Non-pengendali and the amount recognised for Non-
(KNP) atas selisih total dari aset teridentifikasi controlling Interest (NCI) over the net
yang diperoleh dan liabilitas yang diambil alih. identifiable assets acquired and liabilities
Jika imbalan tersebut kurang dari nilai wajar assumed. If this consideration is lower than
aset neto entitas anak yang diakuisisi, selisih the fair value of the net assets of the
tersebut diakui sebagai laba rugi. subsidiary acquired, the difference is
recognised in profit or loss.
23
Page 312
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
c. Kombinasi bisnis (lanjutan) c. Business combination (continued)
Peninjauan atas penurunan nilai pada goodwill Goodwill impairment reviews are
dilakukan setahun sekali atau dapat lebih undertaken annually or more frequently if
sering apabila terdapat peristiwa atau events or changes in circumstances indicate
perubahan keadaan yang mengindikasikan a potential impairment. Goodwill is carried at
adanya potensi penurunan nilai. Goodwill cost less impairment losses.
dinyatakan sebesar nilai perolehan dikurangi
kerugian penurunan nilai.
Untuk pengujian penurunan nilai, goodwill yang For the purpose of impairment testing,
diperoleh dalam kombinasi bisnis dialokasikan goodwill acquired in a business combination
pada setiap unit penghasil kas atau kelompok is allocated to each of the cash-generating
unit penghasil kas, yang diharapkan dapat units (“CGU”) or groups of CGUs, that is
memberikan manfaat dari sinergi kombinasi expected to benefit from the synergies of the
bisnis tersebut. Setiap unit atau kelompok unit combination. Each unit or group of units to
yang memperoleh alokasi goodwill merupakan which the goodwill is allocated represents
tingkat terendah dalam entitas yang goodwill- the lowest level within the entity at which the
nya dipantau untuk tujuan manajemen internal. goodwill is monitored for internal
Goodwill dipantau pada level segmen operasi. management purposes. Goodwill is
monitored at the operating segment level.
Metode penyatuan kepemilikan Pooling of interest method
Transaksi integrasi usaha dan operasi antara Business integration transaction and
PT Bank Windu Kentjana International Tbk dan operation between PT Bank Windu Kentjana
PT Bank Antardaerah (Catatan 1b) merupakan International Tbk and PT Bank Antardaerah
transaksi kombinasi bisnis entitas (Note 1b) is a business combination under
sepengendali. Transaksi kombinasi bisnis common control transaction. Business
antar entitas sepengendali berupa pengalihan combination transaction between entities
bisnis termasuk aset maupun liabilitas terkait under common control in form of business
dalam rangka reorganisasi entitas-entitas yang transfer including the related assets and
berada dalam suatu kelompok yang sama liabilities in the event of reorganisation of
bukan merupakan perubahan kepemilikan entities under the same group does not
dalam arti substansi ekonomi. Berdasarkan consitute change in ownership by economic
PSAK 38 “Kombinasi Bisnis Entitas substance definition. According to SFAS 38
Sepengendali”, transaksi tersebut diakui pada “Business Combination of Entities Under
jumlah tercatat berdasarkan metode Common Control”, such transaction is
penyatuan kepemilikan. recognised at carrying value under pooling of
interest method.
24
Page 313
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan d. Financial assets and liabilities
Bank menerapkan PSAK No. 71 “Instrumen The Bank has applied SFAS No. 71
Keuangan”, PSAK No. 60, “Instrumen “Financial Instrumens” SFAS No. 60,
Keuangan: Pengungkapan”, dan PSAK 68, “Financial Instruments: Disclosures”, and
“Pengukuran Nilai Wajar”. SFAS No. 68, “Fair Value Measurement”.
(i) Klasifikasi (i) Classification
Aset keuangan Bank terdiri dari kas, giro The Bank’s financial assets consist of
pada Bank Indonesia, giro pada bank lain, cash, current accounts with Bank
penempatan pada Bank Indonesia dan Indonesia, current accounts with other
bank lain. Efek-efek terdiri dari efek-efek banks, placements with Bank Indonesia
yang dibeli dengan janji dijual kembali and other banks, marketable securities,
(reverse repo), tagihan derivatif, kredit securities purchased under agreements
yang diberikan, efek-efek yang dijual to resale (reverse repo), derivative
dengan janji dibeli kembali, pendapatan receivables, loans, securities sold under
bunga yang masih akan diterima, dan aset repurchase agreements, interest
lain-lain. receivables and other assets.
Liabilitas keuangan Bank terdiri dari The Bank’s financial liabilities consist of
liabilitas segera, simpanan dari nasabah, obligation due immediately, deposits
simpanan dari bank lain, liabilitas atas from customers, deposits from other
efek-efek yang dijual dengan janji dibeli banks, liabilities on securities sold under
kembali, liabilitas derivatif, liabilitas agreements to repurchase, derivative
akseptasi, bunga yang masih harus payables, acceptance payables, interest
dibayar, surat berharga subordinasi dan payables, subordinated securities and
liabilitas lain-lain. other liabilities.
Bank mengklasifikasikan aset The Bank classifies its financial assets
keuangannya berdasarkan kategori according to the following categories at
sebagai berikut pada saat pengakuan initial recognition:
awal:
- Aset keuangan yang diukur pada nilai - Financial assets measured at fair
wajar melalui laba rugi; value through profit or loss;
- Aset keuangan yang diukur pada nilai - Financial assets that are measured
wajar melalui penghasilan at fair value through other
komprehensif lain; comprehensive income;
- Aset keuangan yang diukur pada biaya - Financial assets measured at
perolehan diamortisasi. amortized cost.
25
Page 314
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Aset keuangan diukur pada biaya Financial assets are measured at
perolehan diamortisasi jika memenuhi amortized cost if they meet the following
kondisi sebagai berikut: conditions:
- Aset keuangan dikelola dalam model - Financial assets are managed in a
bisnis yang bertujuan untuk memiliki business model that aims to have
aset keuangan dalam rangka financial assets in order to obtain
mendapatkan arus kas kontraktual contractual cash flow (“hold to
(“hold to collect”); dan collect”); and
- Persyaratan kontraktual dari aset - The contractual terms of the
keuangan tersebut memberikan hak financial assets provide rights on a
pada tanggal tertentu atas arus kas certain date for cash flow obtained
yang diperoleh semata dari solely from payment of principal and
pembayaran pokok dan bunga (SPPI) interest (SPPI) on the principal
dari jumlah pokok terutang. amount owed.
Aset keuangan diukur pada nilai wajar Financial assets are measured at fair
melalui penghasilan komprehensif lain jika value through other comprehensive
memenuhi kondisi sebagai berikut: income if they meet the following
conditions:
- Aset keuangan dikelola dalam model - Financial assets are managed in a
bisnis yang bertujuan untuk business model that aims to obtain
mendapatkan arus kas kontraktual dan contractual cash flow and sell
menjual aset keuangan (“hold to collect financial assets (“hold to collect and
and sell”); dan sell”); and
- Persyaratan kontraktual dari aset - The contractual requirements of the
keuangan tersebut memenuhi kriteria financial assets meet the SPPI
SPPI. criteria.
Pada saat pengakuan awal, Bank dapat At initial recognition, the Bank may make
membuat pilihan yang tidak dapat an irrevocable choice to present equity
dibatalkan untuk menyajikan instrumen instruments that are not held for trading
ekuitas yang bukan dimiliki untuk at fair value through other
diperdagangkan pada nilai wajar melalui comprehensive income.
penghasilan komprehensif lain.
26
Page 315
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Aset keuangan lainnya yang tidak Other financial assets that do not meet
memenuhi persyaratan untuk the requirements to be classified as
diklasifikasikan sebagai aset keuangan financial assets measured at amortized
diukur pada biaya perolehan diamortisasi cost or fair value through other
atau nilai wajar melalui penghasilan comprehensive income are classified as
komprehensif lain diklasifikasikan sebagai measured at fair value through profit or
diukur pada nilai wajar melalui laba rugi. loss.
Saat pengakuan awal Bank dapat At initial recognition, the Bank can make
membuat penetapan yang tidak dapat an irrevocable determination to measure
dibatalkan untuk mengukur aset yang assets that meet the requirements to be
memenuhi persyaratan untuk diukur pada measured at amortized cost or fair value
biaya perolehan diamortisasi atau nilai through other comprehensive income at
wajar melalui penghasilan komprehensif fair value through profit or loss, if the
lain pada nilai wajar melalui laba rugi, determination eliminates or materially
apabila penetapan tersebut mengeliminasi reduces the measurement or
atau secara material mengurangi recognition inconsistencies (sometimes
inkonsistensi pengukuran atau pengakuan referred to as "accounting mismatch").
(kadang disebut sebagai “accounting
mismatch”).
Penilaian model bisnis Business models evaluation
Model bisnis ditentukan pada level yang The business model is determined at a
mencerminkan bagaimana kelompok aset level that reflects how groups of financial
keuangan dikelola bersama-sama untuk assets are managed together to achieve
mencapai tujuan bisnis tertentu. certain business objectives.
Penilaian model bisnis dilakukan dengan The evaluation of the business model is
mempertimbangkan, tetapi tidak terbatas carried out by considering, but not
pada hal-hal berikut: limited to the following:
- Bagaimana kinerja dari model bisnis - How the performance of the business
dan aset keuangan yang dimiliki dalam model and financial assets held in the
model bisnis dievaluasi dan dilaporkan business model are evaluated and
kepada personil manajemen kunci reported to the Bank's key
Bank; management personnel;
27
Page 316
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Penilaian model bisnis (lanjutan) Business models evaluation
(continued)
Penilaian model bisnis dilakukan dengan The evaluation of the business model is
mempertimbangkan, tetapi tidak terbatas carried out by considering, but not
pada hal-hal berikut: (lanjutan) limited to the following: (continued)
- Apakah risiko yang memengaruhi - What risks affect the performance of
kinerja dari model bisnis (termasuk aset the business model (including
keuangan yang dimiliki dalam model financial assets held in the business
bisnis) dan khususnya bagaimana cara model) and specifically how the
aset keuangan tersebut dikelola; dan financial assets are managed; and
- Bagaimana penilaian kinerja pengelola - How to evaluate the performance of
aset keuangan (sebagai contoh, managers of financial assets (for
apakah penilaian kinerja berdasarkan example, whether performance
nilai wajar dari aset yang dikelola atau appraisals are based on the fair value
arus kas kontraktual yang diperoleh). of the assets being managed or the
contractual cash flows obtained).
Aset keuangan yang dimiliki untuk Financial assets held for trading and
diperdagangkan dan penilaian kinerja which performance appraisals based on
berdasarkan nilai wajar diukur pada nilai fair value are measured at fair value
wajar melalui laba rugi. through profit or loss.
Derivatif juga dikategorikan dalam Derivatives are also categorized under
kelompok ini, kecuali derivatif yang this classification, unless they are
ditetapkan sebagai instrumen lindung nilai designated as effective hedging
efektif. instruments.
Penilaian mengenai arus kas Evaluation of contractual cash flows
kontraktual yang diperoleh semata- obtained solely from payment of
mata dari pembayaran pokok dan principal and interest (SPPI)
bunga (SPPI)
Untuk tujuan penilaian ini, pokok For the purpose of this evaluation,
didefinisikan sebagai nilai wajar dari aset principal is defined as the fair value of
keuangan pada saat pengakuan awal. financial assets at initial recognition.
Bunga didefinisikan sebagai imbalan untuk Interest is defined as compensation for
nilai waktu atas uang dan risiko kredit the time value of money and credit risk
terkait jumlah pokok terutang pada periode in relation to the principal amount owed
waktu tertentu dan juga risiko dan biaya over a certain period of time and also the
peminjaman standar, serta marjin laba. risk and standard borrowing costs, as
well as profit margins.
28
Page 317
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Penilaian mengenai arus kas Evaluation of contractual cash flows
kontraktual yang diperoleh semata- obtained solely from payment of
mata dari pembayaran pokok dan principal and interest (SPPI)
bunga (SPPI) (lanjutan) (continued)
Penilaian mengenai arus kas kontraktual An assessment of contractual cash
yang diperoleh semata dari pembayaran flows obtained solely from principal and
pokok dan bunga dilakukan dengan interest payments is made by
mempertimbangkan persyaratan considering contractual terms, including
kontraktual, termasuk apakah aset whether financial assets contain
keuangan mengandung persyaratan contractual terms that can change the
kontraktual yang dapat mengubah waktu timing or amount of contractual cash
atau jumlah arus kas kontraktual. Dalam flows. In assessing, the Bank considers:
melakukan penilaian, Bank
mempertimbangkan:
- Peristiwa kontinjensi yang akan - Contingency events that will change
mengubah waktu atau jumlah arus kas the timing or amount of contractual
kontraktual; cash flow;
- Fitur leverage; - Leverage feature;
- Persyaratan pembayaran di muka dan - Terms of advance payment and
perpanjangan kontraktual; contractual extension;
- Persyaratan mengenai klaim yang - Requirements regarding limited
terbatas atas arus kas yang berasal dari claims for cash flows from specific
aset spesifik; dan assets; and
- Fitur yang dapat mengubah nilai waktu - Features that can change the time
dari elemen uang. value of the money element.
Liabilitas keuangan diklasifikasikan ke Financial liabilities are classified into the
dalam kategori sebagai berikut pada saat following categories at initial recognition:
pengakuan awal:
- Liabilitas keuangan yang diukur pada - Financial liabilities at fair value
nilai wajar melalui laporan laba rugi, through profit or loss, which has 2
yang memiliki 2 (dua) sub-klasifikasi, (two) sub-classifications, i.e., those
yaitu liabilitas keuangan yang designated as such upon initial
ditetapkan demikian pada saat recognition and those classified as
pengakuan awal dan liabilitas held for trading;
keuangan yang telah diklasifikasikan
dalam kelompok diperdagangkan;
- Liabilitas keuangan lain yang tidak - Other financial liabilities that are not
diklasifikasikan sebagai liabilitas classified as financial liabilities at fair
keuangan yang diukur pada nilai wajar value through profit or loss are
melalui laba rugi dikategorikan dan categorized and measured at
diukur dengan biaya perolehan amortized cost.
diamortisasi.
29
Page 318
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Berikut klasifikasi instrumen keuangan Below are financial instruments
Bank berdasarkan PSAK No. 71: classification of the Bank based on
SFAS No. 71:
Instrumen keuangan/ Kategori yang didefinisikan oleh PSAK No. 71/
Financial instruments Category as defined by SFAS No. 71
Aset keuangan yang diukur pada biaya perolehan
Kas/Cash
yang diamortisasi/Financial assets at amortized cost
Giro pada Bank Indonesia/
Aset keuangan yang diukur pada biaya perolehan
Current accounts with Bank
yang diamortisasi/Financial assets at amortized cost
Indonesia
Giro pada bank lain/ Aset keuangan yang diukur pada biaya perolehan
Current accounts with other banks yang diamortisasi/Financial assets at amortized cost
Penempatan pada Bank Indonesia
dan bank lain/ Aset keuangan yang diukur pada biaya perolehan
Placements with Bank Indonesia and yangdiamortisasi/Financial assets at amortized cost
other banks
Aset keuangan yang diukur pada biaya perolehan
yang diamortisasi/Financial assets at amortized cost
Efek-efek/Marketable securities
Aset keuangan yang diukur pada nilai wajar melalui
Aset keuangan/ penghasilan komprehensif lain/Financial assets at fair
Financial assets value through other comprehensive income
Tagihan akseptasi/Acceptance Aset keuangan yang diukur pada biaya perolehan
receivables yang diamortisasi/Financial assets at amortized cost
Tagihan atas efek-efek yang dibeli
dengan janji dijual Aset keuangan yang diukur pada biaya perolehan
kembali/Receivables on securities yang diamortisasi/Financial assets at amortized cost
purchased with agreements to resell
Kredit yang diberikan/ Aset keuangan yang diukur pada biaya perolehan
Loans yang diamortisasi/Financial assets at amortized cost
Pendapatan bunga yang masih Aset keuangan yang diukur pada biaya perolehan
akan diterima/Interest receivables yang diamortisasi/Financial assets at amortized cost
Aset lain-lain/ Aset keuangan yang diukur pada biaya perolehan
Other assets yang diamortisasi/Financial assets at amortized cost
30
Page 319
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Berikut klasifikasi instrumen keuangan Below are financial instruments
Bank berdasarkan PSAK No. 71: (lanjutan) classification of the Bank based on
SFAS No. 71: (continued)
Instrumen keuangan/ Kategori yang didefinisikan oleh PSAK No. 71/
Financial instruments Category as defined by SFAS No. 71
Liabilitas keuangan yang diukur pada biaya perolehan
Liabilitas segera/
yang diamortisasi/Financial liabilities at amortized
Obligation due immediately
cost
Liabilitas keuangan yang diukur pada nilai wajar
Liabilitas derivatif/ melalui laba rugi/Financial liabilities at fair value
Derivative payables through profit or loss
Liabilitas keuangan yang diukur pada biaya perolehan
Liabilitas akseptasi/
yang diamortisasi/Financial liabilities at amortized
Acceptance payables
cost
Liabilitas keuangan yang diukur pada biaya perolehan
Simpanan dari nasabah/
yang diamortisasi/Financial liabilities at amortized
Deposits from customers
cost
Liabilitas keuangan yang diukur pada biaya perolehan
Liabilitas keuangan/ Simpanan dari bank lain/
yang diamortisasi/Financial liabilities at amortized
Financial liabilities Deposits from other banks
cost
Liabilitas atas efek-efek yang dijual
Liabilitas keuangan yang diukur pada biaya perolehan
dengan janji dibeli kembali/Liabilities
yang diamortisasi/Financial liabilities at amortized
on securities sold under repurchase
cost
agreements
Liabilitas keuangan yang diukur pada biaya perolehan
Bunga yang masih harus
yang diamortisasi/Financial liabilities at amortized
dibayar/Interest payables
cost
Liabilitas keuangan yang diukur pada biaya perolehan
Surat berharga subordinasi/
yang diamortisasi/Financial liabilities at amortized
Subordinated securities
cost
Liabilitas keuangan yang diukur pada biaya perolehan
Liabilitas lain-lain/
yang diamortisasi/Financial liabilities at amortized
Other liabilities
cost
31
Page 320
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(ii) Pengakuan awal (ii) Initial recognition
Aset dan liabilitas keuangan pada awalnya Financial assets and liabilities are initially
diukur pada nilai wajarnya. Dalam hal aset recognized at fair value. For those
atau liabilitas keuangan tidak financial assets or liabilities not classified
diklasifikasikan sebagai nilai wajar melalui as fair value through profit or loss, the fair
laba rugi, nilai wajar tersebut value is added/deducted with directly
ditambah/dikurangi biaya transaksi yang attributable transaction costs to the
dapat diatribusikan secara langsung issuance of financial assets or liabilities.
dengan perolehan atau penerbitan aset
atau liabilitas keuangan.
Bank pada pengakuan awal dapat The Bank upon initial recognition may
menetapkan aset dan keuangan liabilitas designate certain financial assets and
tertentu sebagai nilai wajar melalui laba liabilities at fair value through profit or
rugi (opsi nilai wajar). Opsi nilai wajar dapat loss (fair value option). The fair value
digunakan hanya bila memenuhi ketetapan option is only applied when the following
sebagai berikut: conditions are met:
- Penetapan sebagai opsi nilai wajar - The application of the fair value
mengurangi atau mengeliminasi option reduces or eliminates an
inkonsistensi pengukuran dan accounting mismatch that would
pengakuan (accounting mismatch) yang otherwise arise; or
dapat timbul; atau
- Aset dan liabilitas keuangan merupakan - The financial assets and liabilities are
bagian dari portofolio instrumen part of a portfolio of financial
keuangan yang risikonya dikelola dan instruments, the risks of which are
dilaporkan kepada manajemen kunci managed and reported to key
berdasarkan nilai wajar; atau management on a fair value basis; or
- Aset dan liabilitas keuangan terdiri dari - The financial assets and liabilities
kontrak utama dan derivatif melekat consist of a host contract and an
yang harus dipisahkan tetapi tidak embedded derivative that must be
dapat mengukur derivatif melekat bifurcated but are unable to measure
secara terpisah. the embedded derivative separately.
(iii) Pengukuran setelah pengakuan awal (iii) Subsequent measurement
Aset keuangan dalam kelompok aset Financial assets at fair value through
keuangan yang diukur pada nilai wajar other comprehensive income and
melalui penghasilan komprehensif lain dan financial assets and liabilities at fair value
aset dan liabilitas keuangan yang diukur through profit or loss are measured at fair
pada nilai wajar melalui laba rugi diukur value.
pada nilai wajarnya.
32
Page 321
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(iii) Pengukuran setelah pengakuan awal (iii) Subsequent measurement (continued)
(lanjutan)
Aset keuangan kelompok biaya perolehan Financial assets classified as amortized
diamortisasi dan liabilitas keuangan cost and other financial liabilities are
lainnya diukur pada biaya perolehan measured at amortized cost using the
diamortisasi dengan menggunakan effective interest rate method.
metode suku bunga efektif.
(iv) Penghentian pengakuan (iv) Derecognition
a. Aset keuangan dihentikan a. Financial assets are derecognised
pengakuannya jika: when:
Hak kontraktual atas arus kas The contractual rights to receive
yang berasal dari aset keuangan cash flows from the financial
tersebut berakhir; atau assets have expired; or
Bank telah mentransfer haknya The Bank has transferred its
untuk menerima arus kas yang rights to receive cash flows from
berasal dari aset keuangan atau the financial assets or have
menanggung kewajiban untuk assumed an obligation to pay the
membayarkan arus kas yang cash flows in full without material
diterima tersebut secara penuh delay to a third party under a
tanpa penundaan berarti kepada “pass through arrangement”; and
pihak ketiga di bawah
kesepakatan pelepasan (pass
through arrangement); dan
b. Liabilitas keuangan dihentikan b. Financial liabilities are derecognised
pengakuannya jika liabilitas keuangan when they are extinguished i.e., when
tersebut berakhir, yaitu ketika liabilitas the liabilities stated in the contract are
yang ditetapkan dalam kontrak discharged, cancelled or has expired.
dilepaskan, dibatalkan atau
kadaluwarsa.
Jika suatu liabilitas keuangan yang Where an existing financial liability is
ada digantikan dengan yang lain oleh replaced by another from the same
pemberi pinjaman yang sama pada lender on substantially different terms or
keadaan yang secara substansial the terms of an existing liability are
berbeda atau berdasarkan suatu substantially modified, such an
liabilitas yang ada yang secara exchange or modification is treated as
substansial telah diubah, seperti derecognition of the original liability and
pertukaran atau modifikasi yang the recognition of a new liability, and the
diperlakukan sebagai penghentian difference in the respective carrying
pengakuan liabilitas awal, dan amounts is recognised in the statement
pengakuan liabilitas baru dan of profit or loss and other comprehensive
perbedaan nilai tercatat masing- income.
masing diakui dalam laporan laba rugi
dan penghasilan komprehensif lain.
33
Page 322
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(v) Pengakuan pendapatan dan beban (v) Income and expense recognition
a. Pendapatan dan beban bunga atas a. Interest income and expense on
aset keuangan yang diukur pada nilai financial assets measured at fair
wajar melalui penghasilan value through other comprehensive
komprehensif lain, serta aset dan income, as well as financial assets
liabilitas keuangan yang dicatat and liabilities measured at
berdasarkan biaya perolehan amortized cost are recognized in
diamortisasi diakui pada laporan laba the statement of profit or loss using
rugi dengan menggunakan metode the effective interest rate method.
suku bunga efektif.
Jumlah tercatat bruto aset keuangan The gross carrying amount of a
adalah biaya perolehan diamortisasi financial asset is the amortized cost
aset keuangan sebelum disesuaikan of a financial asset before adjusting
dengan cadangan penurunan nilai. for allowance for impairment.
Dalam menghitung pendapatan dan In calculating interest income and
beban bunga, tingkat suku bunga expenses, the effective interest rate
efektif diterapkan pada jumlah tercatat is applied to the gross carrying
bruto aset (ketika aset tersebut bukan amount of an asset (when the asset
aset keuangan yang memburuk) atau is not a deteriorated financial asset)
terhadap biaya perolehan diamortisasi or to the amortized cost of a liability.
dari liabilitas.
Untuk aset keuangan yang memburuk For financial assets that
setelah pengakuan awal, pendapatan deteriorated after initial recognition,
bunga dihitung dengan menerapkan interest income is calculated by
tingkat suku bunga efektif terhadap applying an effective interest rate to
biaya perolehan diamortisasi dari aset the amortized cost of the financial
keuangan tersebut. Jika aset tersebut assets. If the asset is no longer
tidak lagi memburuk, maka deteriorating, the calculation of
perhitungan pendapatan bunga akan interest income will be calculated by
dihitung dengan menerapkan tingkat applying an effective interest rate to
suku bunga efektif terhadap nilai the gross carrying amount of the
tercatat bruto dari aset keuangan financial asset.
tersebut.
Untuk aset keuangan yang telah For financial assets that have
memburuk pada saat pengakuan awal, deteriorated at initial recognition,
pendapatan bunga dihitung dengan interest income is calculated by
menerapkan tingkat bunga efektif applying the effective interest rate to
terhadap biaya perolehan diamortisasi the amortized cost of the financial
dari aset keuangan tersebut. Jika aset assets. If the asset no longer
tersebut tidak lagi memburuk, maka deteriorates, the calculation of
perhitungan pendapatan bunga akan interest income will still be
tetap dihitung dengan menerapkan calculated by applying the effective
tingkat bunga efektif terhadap biaya interest rate to the amortized cost of
perolehan diamortisasi dari aset the financial asset.
keuangan tersebut.
34
Page 323
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(v) Pengakuan pendapatan dan beban (v) Income and expense recognition
(lanjutan) (continued)
b. Keuntungan dan kerugian yang timbul b. Gains and losses arising from
dari perubahan nilai wajar aset changes in the fair value of financial
keuangan yang diukur pada nilai wajar asset measured at fair value
melalui penghasilan komprehensif lain through other comprehensive
selain keuntungan atau kerugian income other than foreign
selisih kurs atas instrumen utang exchange gains or losses on debt
diakui secara langsung dalam instruments are recognized directly
penghasilan komprehensif lain in other comprehensive income (as
(sebagai bagian dari ekuitas) hingga part of equity) until the financial
aset keuangan tersebut dihentikan asset is derecognized or impaired.
pengakuannya atau terdapat
penurunan nilai.
Pada saat aset keuangan dihentikan When a financial asset is
pengakuannya atau mengalami derecognized or impaired, the
penurunan nilai, keuntungan atau cumulative gains or losses
kerugian kumulatif yang sebelumnya previously recognized in equity are
diakui dalam ekuitas harus diakui pada recognized in statement of profit or
laporan laba rugi. loss.
Dalam menghitung pendapatan dan In calculating interest income and
beban bunga, tingkat suku bunga expenses, the effective interest rate
efektif diterapkan pada jumlah tercatat is applied to the gross carrying
bruto aset (ketika aset tersebut bukan amount of an asset (when the asset
aset keuangan yang memburuk) atau is not a deteriorated financial asset)
terhadap biaya perolehan diamortisasi or to the amortized cost of a liability.
dari liabilitas.
35
Page 324
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(vi) Reklasifikasi aset keuangan (vi) Reclassification of financial assets
Bank mereklasifikasi aset keuangan jika The Bank reclassifies financial assets if
dan hanya jika, model bisnis untuk and only if, the business model for
pengelolaan aset keuangan berubah. managing financial assets changes.
Tidak terdapat reklasifikasi untuk liabilitas There is no reclassification of financial
keuangan. liabilities.
Reklasifikasi aset keuangan dari Reclassifications of financial assets from
klasifikasi biaya perolehan yang amortized cost classifications to fair
diamortisasi ke klasifikasi nilai wajar value through profit or loss are recorded
melalui laba rugi dicatat sebesar nilai at fair value. The difference between the
wajarnya. Selisih antara nilai tercatat recorded value and fair value is
dengan nilai wajar diakui sebagai recognized in profit or loss on the
keuntungan atau kerugian pada laba rugi statement of profit or loss and other
dalam laporan laba rugi dan penghasilan comprehensive income.
komprehensif lainnya.
Reklasifikasi aset keuangan dari Reclassifications of financial assets from
klasifikasi biaya perolehan yang amortized cost classifications to fair
diamortisasi ke klasifikasi nilai wajar value classifications through other
melalui penghasilan komprehensif lain comprehensive are recorded at their fair
dicatat sebesar nilai wajarnya. values.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui penghasilan fair value classification through other
komprehensif lain ke klasifikasi nilai wajar comprehensive income to fair value
melalui laba rugi dicatat pada wajar. classification through profit or loss is
Keuntungan atau kerugian yang belum recorded at fair value. Unrealized gains
direalisasi direklasifikasi ke laba rugi. or losses are reclassified to profit or loss.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui penghasilan fair value classifications through other
komprehensif lain ke klasifikasi biaya comprehensive income to the amortized
perolehan yang diamortisasi dicatat pada cost classification is recorded at carrying
nilai tercatat. Keuntungan atau kerugian value. Unrealized gains or losses are
yang belum direalisasi dihapus dari removed from equity and adjusted
ekuitas dan disesuaikan terhadap nilai agains the fair value.
wajar.
Reklasifikasi aset keuangan dari Reclassifications on financial assets
klasifikasi nilai wajar melalui laba rugi ke from fair value classification through
klasifikasi nilai wajar melalui penghasilan profit or loss to fair value classification
komprehensif lain dicatat pada wajar. through other comprehensive income
are recorded at fair value.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui laba rugi ke fair value classification through profit or
klasifikasi biaya perolehan yang loss to amortized cost classification is
diamortisasi dicatat pada wajar. recorded at fair value.
36
Page 325
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
(vii) Saling hapus (vii) Offsetting
Aset keuangan dan liabilitas keuangan Financial assets and financial liabilities
saling hapus dan nilai netonya dilaporkan are offset and the net amount is reported
di laporan posisi keuangan jika dan hanya in the statement of financial position if
jika, saat ini terdapat hak yang and only if, there is currently an
berkekuatan hukum untuk saling hapus enforceable legal rights to offset the
jumlah keduanya dan terdapat intensi recognised amounts and there is an
untuk diselesaikan secara neto, atau intention to settle on a net basis, or to
untuk merealisasikan aset dan realise the assets and settle the liabilities
menyelesaikan liabilitas secara simultaneously. The legally enforceable
bersamaan. Hak saling hapus tidak right must not be contingent on the
kontinjen atas peristiwa di masa depan future events and must be enforceable
dan dapat dipaksakan secara hukum in the normal course of business and in
dalam situasi bisnis yang normal dan the event of default, insolvency or
dalam peristiwa gagal bayar atau bankcruptcy of the Bank or the
peristiwa kepailitan atau kebangkrutan counterparty.
Bank atau pihak lawan.
Pendapatan dan beban disajikan dalam Income and expenses are presented on
jumlah bersih hanya jika diperkenankan a net basis only when permitted by
oleh standar akuntansi. accounting standards.
(viii) Pengukuran biaya diamortisasi (viii) Amortized cost measurement
Biaya perolehan diamortisasi dari aset The amortized cost of a financial assets
atau liabilitas keuangan adalah jumlah or liabilities are the amount at which the
aset atau liabilitas keuangan yang diukur financial assets or liabilities are
pada saat pengakuan awal dikurangi measured at initial recognition, minus
pembayaran pokok pinjaman, ditambah principal repayments, plus or minus the
atau dikurangi amortisasi kumulatif cummulative amortization using the
menggunakan metode suku bunga efektif effective interest rate method of any
yang dihitung dari selisih antara nilai difference between the initial amount
pengakuan awal dan nilai jatuh temponya recognized and the maturity amount,
dan dikurangi penurunan nilai. minus any reduction for impairment.
37
Page 326
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
(ix) Pengukuran nilai wajar (ix) Fair value measurement
Nilai wajar adalah harga yang akan Fair value is the price that would be
diterima untuk menjual suatu aset atau received to sell an asset or paid to
harga yang akan dibayar untuk transfer a liability in an orderly
mengalihkan suatu liabilitas dalam transaction between market participants
transaksi teratur antara pelaku pasar pada at the measurement date.
tanggal pengukuran.
Pengukuran nilai wajar mengasumsikan The fair value measurement is based on
bahwa transaksi untuk menjual aset atau the presumption that the transaction to
mengalihkan liabilitas terjadi: sell the asset or transfer the liability
takes place either:
- Di pasar utama untuk aset dan liabilitas - In the principal market for the asset
tersebut; atau or liability; or
- Jika tidak terdapat pasar utama, di - In the absence of a principal market,
pasar yang paling menguntungkan in the most advantageous market for
untuk aset atau liabilitas tersebut. the asset or liability.
Nilai wajar suatu aset atau liabilitas diukur The fair value of an asset or a liability is
menggunakan asumsi yang akan measured using the assumptions that
digunakan pelaku pasar ketika market participants would use when
menentukan harga aset dan liabilitas pricing the asset or liability, assuming
tersebut dengan asumsi bahwa pelaku that market participants act in their
pasar bertindak dalam kepentingan economic best interest.
ekonomi terbaiknya.
Bank menggunakan teknik penilaian yang The Bank uses valuation techniques that
sesuai dalam keadaan dan dimana data are appropriate in the circumstances and
yang memadai tersedia untuk mengukur for which sufficient data are available to
nilai wajar, memaksimalkan penggunaan measure fair value, maximising the use
input yang dapat diobservasi yang relevan of relevant observable inputs and
dan meminimalkan penggunaan input minimising the use of unobservable
yang tidak dapat diobservasi. inputs.
38
Page 327
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(ix) Pengukuran nilai wajar (lanjutan) (ix) Fair value measurement (continued)
Semua aset dan liabilitas dimana nilai All assets and liabilities for which fair
wajar diukur atau diungkapkan dalam value which are measured or disclosed in
laporan keuangan dapat dikategorikan the financial statements are categorised
pada level hierarki nilai wajar, within the fair value hierarchy, described
berdasarkan tingkatan input terendah based on the lowest level input that is
yang material atas pengukuran nilai wajar material to the fair value measurement
secara keseluruhan, sebagai berikut: as a whole, as follows:
Tingkat 1 Level 1
Harga kuotasian (tanpa penyesuaian) di Quoted prices (unadjusted) in active
pasar aktif untuk aset atau liabilitas yang markets for identical asset and liability. A
identik. Suatu pasar dianggap aktif apabila market is regarded as active if quoted
informasi mengenai harga kuotasi dapat prices are readily and regularly available
dengan mudah dan secara berkala from an exchange dealer or broker,
tersedia dari suatu bursa pedagang efek industry group pricing service, or
atau broker, kelompok penilai harga pasar regulatory agency, in which those prices
industri tertentu, atau regulator dimana represent actual and regularly occurring
harga-harga tersebut mencerminkan market transaction on an arm’s length
transaksi pasar yang aktual dan reguler basis. The quoted market price used for
pada tingkat yang wajar. Harga pasar yang financial assets held by the Bank is the
dikutip untuk aset keuangan yang dimiliki current mid price.
Bank adalah harga tengah sekarang.
Tingkat 2 Level 2
Input selain harga yang dikutip dari pasar Inputs other than quoted prices included
yang disertakan pada Tingkat 1 yang dapat within Level 1 that are observable for the
diobservasi untuk aset dan liabilitas, baik asset or liability, either directly (i.e., as
secara langsung (yaitu sebagai sebuah prices) or indirectly (i.e., derived from
harga) atau secara tidak langsung (yaitu prices).
sebagai turunan dari harga).
Tingkat 3 Level 3
Input untuk aset atau liabilitas yang tidak Inputs for the assets or liabilities that are
didasarkan pada data pasar yang dapat not based on observable market data
diobservasi (yaitu informasi yang tidak (i.e., unobservable inputs).
dapat diobservasi).
Untuk aset dan liabilitas yang diakui pada For assets and liabilities that are
laporan keuangan secara berulang, Bank recognised in the financial statements
menentukan apakah terjadi transfer antara on a recurring basis, the Bank
level di dalam hierarki dengan cara determines whether transfers have
mengevaluasi kategori (berdasarkan input occurred between levels in the hierarchy
level terendah yang material dalam by re-assessing categorization (based
pengukuran nilai wajar) setiap akhir on the lowest level input that is material
periode pelaporan. to the fair value measurement as a
whole) at the end of each reporting
period.
39
Page 328
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities
(continued)
(ix) Pengukuran nilai wajar (lanjutan) (ix) Fair value measurement (continued)
Untuk tujuan pengungkapan nilai wajar, For the purpose of fair value disclosures,
Bank telah menentukan kelas aset dan the Bank has determined classes of
liabilitas berdasarkan sifat, karakteristik assets and liabilities on the basis of the
risiko aset dan liabilitas, dan level hierarki nature, characteristics and risks of the
nilai wajar (Catatan 34). asset or liability, and the level of the fair
value hierarchy (Note 34).
e. Cadangan kerugian penurunan nilai atas e. Allowance for impairment losses on
aset keuangan financial assets
Pada setiap tanggal pelaporan, Bank At reporting date, the Bank calculates
menghitung kerugian kredit ekspektasian expected credit loss based on estimated 12
berdasarkan estimasi 12 bulan. Jika terjadi months. If there is a significant increase in
kenaikan risiko kredit yang signifikan sejak credit risk since initial recognition, the
pengakuan awal maka estimasi kerugian kredit estimated expected credit loss will be
ekspektasian akan dihitung sepanjang umur calculated throughout the life of the contract.
kontrak.
Kerugian kredit ekspektasian merupakan Expected credit losses are estimated
estimasi probabilitas tertimbang dari kerugian weighted probabilities of credit losses (is the
kredit (yaitu nilai kini dari seluruh kekurangan present value of all cash shortages) over the
kas) selama perkiraan umur instrumen estimated life of the financial instrument.
keuangan. Kekurangan kas adalah selisih Cash shortages are the difference between
antara arus kas yang terutang kepada Bank the cash flows owed to the Bank in
sesuai dengan kontrak dan arus kas yang accordance with the contract and the cash
diperkirakan akan diterima oleh Bank. flows that are expected to be received by the
Bank.
Bank menetapkan definisi peningkatan risiko The Bank has determined the definition of a
kredit instrumen keuangan secara material material increase in credit risk of financial
sejak pengakuan awal sebagai berikut: instruments since initial recognition as
follows:
sesuai dengan praduga (rebuttable in accordance with presumption
presumption) PSAK 71, yaitu ketika (rebuttable presumption) SFAS 71, i.e.
pembayaran kontraktual tertunggak lebih when contractual payments are
dari 30 hari; atau overdue for more than 30 days; or
ketika terjadi restrukturisasi aset when there is a restructuring of financial
keuangan yang disebabkan oleh assets caused by increased credit risk.
peningkatan risiko kredit.
Bank menerapkan definisi gagal bayar The Bank applies a definition of default (stage
(stage 3) yang konsisten dengan definisi yang 3) that is consistent with the definition used
digunakan untuk tujuan manajemen risiko for internal credit risk management for
kredit internal untuk instrumen keuangan yang relevant financial instruments, namely:
relevan, yaitu:
ketika instrumen keuangan telah when financial instruments are in 90
menunggak 90 hari; atau days in arrears; or
telah berada pada kolektibilitas BI 3, 4, is in BI collectibility 3, 4, or 5.
atau 5.
40
Page 329
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
e. Cadangan kerugian penurunan nilai atas e. Allowance for impairment losses on
aset keuangan (lanjutan) financial assets (continued)
Bank mengelompokkan aset keuangan dibeli The bank classifies a debt financial asset as
dari aset keuangan memburuk apabila: purchased or originated credit-impaired
financial asset if:
hilangnya pasar aktif dari aset keuangan; there is a loss of an active market from
dan financial assets; and
pembelian dengan diskon sangat besar. purchases with very large discounts
pihak peminjam dinyatakan pailit; the borrower is declared bankrupt;
terdapat perubahan dari bentuk there is a change in the form of provision
penyediaan dana, atau of funds, or
debitur telah berada pada stage 3 dan the debtor is at stage 3 and meets one
memenuhi salah satu kondisi berikut: of the following conditions:
- telah dilakukan restrukturisasi secara - repeated restructuring and
berulang-ulang dan terjadi significant breach of contract; or
pelanggaran kontrak secara - for the restructuring that occurs,
signifikan; atau there is a negative difference of
- atas restrukturisasi yang terjadi, more than 20% of the present value
terdapat selisih negatif lebih dari 20% of future cash flows (discounted
atas nilai kini arus kas masa depan using the original effective interest
(yang didiskontokan menggunakan rate) between the initial terms and
suku bunga efektif awal) antara the terms of the restructuring
persyaratan awal dan persyaratan
restrukturisasi.
Bank melakukan penurunan nilai secara The bank is impaired individually or
individu atau kolektif dengan collectively by considering all reasonable and
mempertimbangkan semua informasi yang supported information, including forward
wajar dan terdukung, termasuk informasi yang looking information.
bersifat perkiraan masa depan (forward-
looking).
Perhitungan cadangan kerugian penurunan Calculation of allowance for impairment
nilai atas aset keuangan yang dinilai secara losses on financial assets assessed
kolektif berdasarkan karakteristik risiko kredit collectively grouped based on similar credit
yang sama dengan mempertimbangkan risk characteristics and taking into account
segmentasi kredit berdasarkan permodelan the loan segmentation based on future loss
kerugian masa depan. model.
Bank menggunakan metode statistik, credit The Bank uses statistical method, credit
rating dan perkiraan makroekonomi untuk rating and macroeconomy forecast to assess
menilai cadangan kerugian penurunan nilai allowance for impairment losses on loans.
atas kredit yang diberikan.
41
Page 330
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
f. Giro pada Bank Indonesia dan bank lain f. Current accounts with Bank Indonesia
and other banks
Giro pada Bank Indonesia dan bank lain Current accounts with Bank Indonesia and
dinyatakan sebesar biaya perolehan other banks are stated at amortised cost
diamortisasi menggunakan metode suku bunga using the effective interest rate method less
efektif dikurangi cadangan kerugian penurunan allowance for impairment losses.
nilai.
g. Penempatan pada Bank Indonesia dan bank g. Placements with Bank Indonesia and
lain other banks
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain berupa deposito berjangka dan interbank banks are in the form of time deposits and
call money. interbank call money.
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain dinyatakan sebesar biaya perolehan banks are stated at amortised cost using the
diamortisasi menggunakan metode suku bunga effective interest rate method less allowance
efektif dikurangi cadangan kerugian penurunan for impairment losses.
nilai.
h. Efek-efek h. Marketable securities
Efek-efek terdiri dari surat berharga yang Marketable securities consist of securities
diperdagangkan dalam pasar modal dan pasar traded in the capital market and money
uang seperti obligasi pemerintah, dan obligasi market such as government bonds, and
yang diperdagangkan di bursa efek. bonds which are traded in the stock
exchange.
Obligasi pemerintah adalah obligasi yang Government bonds are bonds issued by the
diterbitkan oleh Pemerintah Indonesia termasuk Indonesian Government including
obligasi rekapitalisasi yang merupakan obligasi recapitalisation bonds that are issued by the
yang diterbitkan oleh Pemerintah dalam rangka Government for general bank
rekapitalisasi bank umum. recapitalisation.
Klasifikasi efek-efek diungkapkan di catatan 2d. The classification of marketable securities
are disclosed in note 2d.
42
Page 331
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
i. Tagihan/Liabilitas atas efek-efek yang i. Receivables/Liabilities on securities
dibeli/dijual dengan janji dijual/dibeli purchased/sold under agreements to
kembali resale/repurchase
Efek-efek yang dibeli dengan janji untuk dijual Securities purchased under agreements to
kembali disajikan sebagai aset dalam laporan resale are presented as an asset in the
posisi keuangan sebesar harga beli ditambah statement of financial position at the
dengan pendapatan bunga yang sudah diakui purchase price added with interest income
tapi belum diterima, dikurangi dengan recognised but not yet received, less
cadangan kerugian penurunan nilai, jika allowance for impairment losses, where
diperlukan. appropriate.
Pada pengukuran awal, efek-efek yang dibeli Securities purchased under agreements to
dengan janji dijual kembali disajikan sebesar resale are initially measured at fair value plus
nilai wajar ditambah dengan biaya transaksi directly attributable transaction costs.
yang dapat diatribusikan secara langsung.
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under agreements to
diklasifikasikan sebagai biaya perolehan resale are classified as amortized cost. Refer
diamortisasi. Lihat Catatan 2d untuk kebijakan to Note 2d for the accounting policy of loans.
akuntansi tersebut.
Efek-efek yang dijual dengan janji untuk dibeli Securities sold under repurchase
kembali disajikan sebagai liabilitas dalam agreements are presented as liabilities in the
laporan posisi keuangan sebesar jumlah statement of financial position, at the
pembelian kembali, dikurangi dengan bunga repurchase price, net of unamortized prepaid
dibayar di muka yang belum diamortisasi. interest. The difference between the selling
Selisih antara harga jual dan harga beli kembali price and the repurchase price is treated as
diperlakukan sebagai bunga dibayar di muka prepaid interest and recognized as interest
dan diakui sebagai beban bunga selama jangka expense over the period starting from when
waktu sejak efek-efek tersebut dijual hingga those securities are sold until they are
dibeli kembali menggunakan metode suku repurchased using effective interest rate
bunga efektif. method.
j. Kredit yang diberikan j. Loans
Kredit yang diberikan merupakan penyediaan Loans represent the lending of money or
uang atau tagihan yang dapat disamakan equivalent receivables under contracts with
dengan itu, berdasarkan kesepakatan dengan borrowers, where the borrowers are required
pihak penerima kredit dan mewajibkan pihak to repay their debts with interest after a
penerima kredit untuk melunasi setelah jangka specified period of time.
waktu tertentu dengan imbalan bunga.
Kredit yang diberikan (termasuk kredit yang Loans (including loans under syndication) are
diberikan dalam pinjaman sindikasi) pada initially measured at fair value plus
awalnya diukur pada nilai wajar ditambah transaction costs that are directly attributable
dengan biaya transaksi yang dapat to obtaining the financial asset. After initial
diatribusikan secara langsung dan biaya recognition, loans are measured at amortised
tambahan untuk memperoleh aset keuangan cost using the effective interest rate method,
tersebut. Setelah pengakuan awal, kredit yang net of allowance for impairment losses.
diberikan diukur pada biaya perolehan
diamortisasi menggunakan metode suku bunga
efektif dikurangi dengan cadangan kerugian
penurunan nilai.
43
Page 332
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
j. Kredit yang diberikan (lanjutan) j. Loans (continued)
Kredit yang diberikan diklasifikasikan sebagai Loans are classified as amortized costs.
diukur pada biaya perolehan amortisasi.
Kredit yang diberikan dalam pinjaman sindikasi Loans under syndication or channelling are
ataupun penerusan kredit dinyatakan sebesar stated at the principal amount according to
pokok kredit sesuai dengan porsi risiko yang the risk portion assumed by the Bank.
ditanggung oleh Bank.
Restrukturisasi kredit Loan restructuring
Restrukturisasi kredit meliputi adanya Loan restructuring may involve modified
penjadwalan ulang pembayaran pokok kredit through loans principal and interest
dan bunga, perpanjangan jangka waktu rescheduling, extending the payment
pembayaran dan ketentuan kredit yang baru. arrangements and new loan conditions.
Kerugian yang timbul dari restrukturisasi kredit Losses on loan restructuring in respect of
yang berkaitan dengan modifikasi persyaratan modification of the terms of the loans are
kredit hanya diakui bila nilai tunai penerimaan recognised only if the cash value of total
kas masa depan yang telah ditentukan dalam future cash receipts specified in the new
persyaratan kredit yang baru, termasuk terms of the loans, including both receipts
penerimaan yang diperuntukkan sebagai bunga designated as interest and those designated
maupun pokok lebih kecil dari nilai kredit yang as loan principal are less than the recorded
diberikan yang tercatat sebelum restrukturisasi. amounts of loans before restructuring.
Saat persyaratan kredit telah dinegosiasi ulang Once the terms of the loans have been
atau dimodifikasi (kredit restrukturisasi), renegotiated or modified (restructured loans).
penurunan nilai yang ada diukur dengan any impairment is measured using the
menggunakan suku bunga efektif awal yang original effective interest rate as calculated
digunakan sebelum persyaratan diubah dan before the modification of terms and the loan
kredit tidak lagi diperhitungkan sebagai is no longer considered past due.
menunggak. Manajemen secara berkelanjutan Management continuously reviews
meninjau kredit yang dinegosiasi ulang untuk renegotiated loans to ensure that all criteria
meyakinkan terpenuhinya seluruh kriteria dan are met and the future payments are likely to
pembayaran di masa depan. Kredit yang terus occur. The loans which continue to be subject
menjadi subjek penilaian penurunan nilai to an individual or collective impairment
individual atau kolektif, dihitung dengan assessment are calculated using the loan
menggunakan suku bunga efektif awal. original effective interest rate.
Kredit yang direstrukturisasi dinyatakan Restructured loans are presented at the
sebesar nilai yang lebih rendah antara nilai lower of the carrying value of the loan at the
tercatat kredit yang diberikan pada tanggal time of restructuring or the net present value
restrukturisasi atau nilai tunai penerimaan kas of the total future cash receipts after
masa depan setelah restrukturisasi. restructuring.
Kerugian yang timbul dari restrukturisasi kredit Losses on loan restructuring in respect of
yang berkaitan dengan modifikasi persyaratan modification of the terms of the loans are
kredit hanya diakui bila nilai tunai penerimaan recognised only if the cash value of total
kas masa depan yang telah ditentukan dalam future cash receipts specified in the new
persyaratan kredit yang baru, termasuk terms of the loans, including both receipts
penerimaan yang diperuntukkan sebagai bunga designated as interest and those designated
maupun pokok, adalah lebih kecil dari nilai as loan principal, are less than the recorded
kredit yang diberikan yang tercatat sebelum amounts of loans before restructuring.
restrukturisasi.
44
Page 333
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
j. Kredit yang diberikan (lanjutan) j. Loans (continued)
Saat persyaratan kredit telah dinegosiasi ulang Once the terms of the loans have been
atau dimodifikasi (kredit restrukturisasi), renegotiated or modified (restructured loans),
penurunan nilai yang ada diukur dengan any impairment is measured using the
menggunakan suku bunga efektif awal yang original effective interest rate as calculated
digunakan sebelum persyaratan diubah dan before the modification of terms and the loan
kredit tidak lagi diperhitungkan sebagai is no longer considered past due.
menunggak. Manajemen secara berkelanjutan Management continuously reviews
meninjau kredit yang dinegosiasi ulang untuk renegotiated loans to ensure that all criteria
meyakinkan terpenuhinya seluruh kriteria dan are met and the future payments are likely to
pembayaran di masa depan. Kredit terus occur. The loans continue to be subject to an
menjadi subjek penilaian penurunan nilai individual or collective impairment
individual atau kolektif, dihitung dengan assessment, calculated using the loan
menggunakan suku bunga efektif awal. original effective interest rate.
Kredit yang direstrukturisasi dinyatakan Restructured loans are presented at the
sebesar nilai yang lebih rendah antara nilai lower of the carrying value of the loan at the
tercatat kredit yang diberikan pada tanggal time of restructuring or the net present value
restrukturisasi atau nilai tunai penerimaan kas of the total future cash receipts after
masa depan setelah restrukturisasi. restructuring.
Kredit yang diberikan atau aset keuangan lain Loans and receivables or other financial
dihapusbukukan ketika tidak terdapat prospek assets are written off when there is no
yang realistis mengenai pengembalian kredit realistic prospect of collection in the near
dalam waktu dekat atau hubungan normal future or the normal relationship between the
antara Bank dan debitur telah berakhir. Kredit Bank and the borrowers have ceased to exist.
yang tidak dapat dilunasi dihapusbukukan When a loan is deemed uncollectible, it is
dengan mendebit cadangan kerugian written off against the related allowance for
penurunan nilai. Penerimaan kemudian atas impairment losses. Subsequent recoveries of
kredit yang telah dihapusbukukan sebelumnya, loans previously written off, if written off in the
jika dihapusbukukan pada tahun berjalan current year are credited to the allowance for
dikreditkan ke dalam akun cadangan kerugian impairment losses account in the statements
penurunan nilai atas kredit yang diberikan di of financial position, if written off in the prior
laporan posisi keuangan, sedangkan jika years are recognised in the statement of
dihapusbukukan di tahun sebelumnya, profit or loss and other comprehensive
dikreditkan sebagai pendapatan operasional income as other operational income, if
lainnya dalam laporan laba rugi dan recovered after the statements of financial
penghasilan komprehensif lain. position date.
k. Aset tetap k. Fixed assets
Bank menggunakan model revaluasi untuk aset The Bank uses the revaluation model for
tetap dimana aset tetap dinyatakan sebesar fixed asset where fixed assets are measured
nilai wajar dikurangi akumulasi penyusutan dan at fair value less accumulated depreciation
rugi penurunan nilai yang terjadi setelah tanggal and impairment losses recognised after the
revaluasi. Revaluasi akan dilakukan dengan date of the revaluation. Revaluation is carried
keteraturan yang cukup regular untuk out fairly regularly to ensure that the carrying
memastikan bahwa jumlah tercatat tidak amount does not differ materially from the
berbeda secara material dari jumlah yang amount determined using the fair value at the
ditentukan dengan menggunakan nilai wajar end of the reporting period. If the changes in
pada akhir periode pelaporan. Jika perubahan fair value are immaterial, the asset will be
nilai wajar tidak berbeda secara material, aset revaluated between 3 (three) or 5 (five) years.
tersebut akan direvaluasi paling kurang setiap 3
(tiga) atau 5 (lima) tahun sekali.
45
Page 334
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
k. Aset tetap (lanjutan) k. Fixed assets (continued)
Kenaikan nilai tercatat yang timbul dari Increases in the carrying amount arising on
revaluasi tanah dan bangunan dikreditkan pada revaluation of land and buildings are credited
“surplus revaluasi aset” sebagai bagian dari to “asset revaluation surplus” as part of other
penghasilan komprehensif lainnya. Penurunan comprehensive income. Decreases that
yang menghapus nilai kenaikan yang offset previous increases of the same asset
sebelumnya atas aset yang sama dibebankan are debited against “asset revaluation
terhadap “surplus revaluasi aset” sebagai surplus” as part of other comprehensive
bagian dari laba komprehensif; penurunan income; while all other decreases are
lainnya dibebankan pada laporan laba rugi. charged to the profit or loss.
Akumulasi penyusutan pada tanggal Accumulated depreciation as at the
revaluasian dieliminasi terhadap jumlah revaluation date is eliminated against the
tercatat bruto dari aset dan jumlah tercatat neto gross carrying amount of the asset and the
setelah eliminasi disajikan kembali sebesar net asset amount is restated to the revalued
jumlah revaluasian dari aset tersebut. Pada amount of the asset. Upon disposal, any
saat penghentian aset, surplus revaluasi untuk revaluation surplus relating to the particular
aset tetap yang dijual dipindahkan ke saldo asset being sold is transferred to retained
laba. earnings.
Penyusutan aset tetap dihitung dengan Depreciation of fixed assets is computed
menggunakan metode garis lurus (straight-line using the straight-line method based on the
method) berdasarkan taksiran masa manfaat estimated useful lives of the assets as
aset tetap sebagai berikut: follows:
Tahun/ Tarif penyusutan/
Years Depreciation rate
Bangunan dan prasarana 10 - 20 5% - 20% Buildings and leasehold improvements
Inventaris kantor Office equipment
dan kendaraan 3 - 10 3% - 5% and vehicles
Pada setiap akhir tahun buku, manajemen The residual values, useful lives and methods
melakukan pengkajian ulang atas nilai residu, of depreciation of fixed assets are reviewed
masa manfaat dan metode penyusutan yang by the management and adjusted
disesuaikan secara prospektif. prospectively, if appropriate, at the end of
each year.
Jumlah tercatat aset tetap dihentikan An item of fixed assets is derecognised upon
pengakuannya pada saat dilepaskan atau saat disposal or when no future economic
tidak ada manfaat ekonomis masa depan yang benefits are expected from its use or
diharapkan dari penggunaan atau disposal. Any gain or loss arising on
pelepasannya. Laba atau rugi yang timbul dari derecognition of the asset (calculated as the
penghentian pengakuan aset (dihitung sebagai difference between the net disposal
perbedaan antara jumlah neto hasil pelepasan proceeds and the carrying amount of the
dan jumlah tercatat dari aset) diperhitungkan asset) is included in the statement of profit or
dalam laporan laba rugi dan penghasilan loss and other comprehensive income in the
komprehensif lain pada periode aset tersebut period such asset is derecognised.
dihentikan pengakuannya.
Bila nilai tercatat suatu aset melebihi taksiran When the carrying amount of an asset
jumlah yang dapat diperoleh kembali, maka exceeds its estimated recoverable amount,
nilai tersebut diturunkan ke jumlah yang dapat the asset is written down to its estimated
diperoleh kembali tersebut, yang ditentukan recoverable amount, which is determined as
sebagai nilai tertinggi antara harga jual neto the higher of the fair value less cost to sell or
dan nilai pakai. value in use.
46
Page 335
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
k. Aset tetap (lanjutan) k. Fixed assets (continued)
Aset dalam penyelesaian merupakan Construction in progress represents the
akumulasi biaya bahan dan biaya lainnya accumulated costs of materials and other
sampai dengan tanggal dimana aset tersebut relevant costs up to the date when the asset
telah selesai dan siap untuk digunakan. Biaya- is complete and ready for use. These costs
biaya tersebut direklasifikasi ke aset tetap yang are reclassified to the respective fixed assets
bersangkutan ketika aset tersebut telah siap accounts when the asset has been made
dipakai. ready for use.
l. Aset tidak berwujud l. Intangible assets
Aset tidak berwujud terdiri dari goodwill dan Intangible assets consist of goodwill and
Core Deposits Intangible. Core Deposits Intangible.
Aset tidak berwujud diakui jika, dan hanya jika, Intangible assets are recognised if, and only
biaya perolehan aset tersebut dapat diukur if its cost can be measured reliably and it is
secara andal dan kemungkinan besar Bank probable that expected future benefits that
akan memperoleh manfaat ekonomis masa are attributable to it will flow to the Bank.
depan dari aset tersebut.
Goodwill Goodwill
Goodwill yang timbul dari kombinasi bisnis Goodwill arising in a business combination is
diakui sebagai aset pada tanggal diperolehnya recognised as an asset at the date that
pengendalian (tanggal akuisisi). Goodwill control is acquired (the acquisition date).
diukur sebagai selisih dari imbalan yang Goodwill is measured as the excess of the
dialihkan, jumlah setiap kepentingan non sum of the consideration transferred, the
pengendali pada pihak yang diakuisisi dan nilai amount of any non-controlling interest in the
wajar dari kepentingan ekuitas yang acquiree and the fair value of the acquirer’s
sebelumnya dimiliki pihak pengakuisisi pada previously held equity interest (if any) in the
pihak yang diakuisisi (jika ada) atas jumlah acquiree over net of the acquisition-date
selisih bersih dari aset teridentifikasi yang amounts of the identifiable assets acquired
diperoleh dan liabilitas yang diambil alih pada and the liabilities assumed.
tanggal akuisisi.
Untuk tujuan uji penurunan nilai, goodwill For the purpose of impairment testing,
dialokasikan pada setiap unit penghasil kas dari goodwill is allocated to each of the Bank’s
Bank yang diharapkan memberikan manfaat cash-generating units expected to benefit
dari sinergi kombinasi bisnis tersebut. Unit from the synergies of the combination. A
penghasil kas yang telah memperoleh alokasi cash-generating unit to which goodwill has
goodwill diuji penurunan nilainya secara been allocated is tested for impairment
tahunan dan ketika terdapat indikasi bahwa unit annually or more frequently when there is an
tersebut mengalami penurunan nilai. Jika indication that the unit may be impaired. If the
jumlah terpulihkan dari unit penghasil kas recoverable amount of the cash-generating
kurang dari jumlah tercatatnya, rugi penurunan unit is less than its carrying amount, the
nilai dialokasikan pertama untuk mengurangi impairment loss is allocated first to reduce
jumlah tercatat aset atas setiap goodwill yang the carrying amount of any goodwill allocated
dialokasikan pada unit, dan selanjutnya ke aset to the unit, and then to the other assets of the
lainnya dari unit dibagi prorata atas dasar unit pro-rata on the basis of the carrying
jumlah tercatat setiap aset dalam unit tersebut. amount of each asset in the unit. Any
Setiap kerugian penurunan nilai goodwill diakui impairment loss for goodwill is recognised
secara langsung dalam laba/rugi pada laporan directly in profit or loss in the statement of
laba rugi komprehensif. Rugi penurunan nilai comprehensive income. An impairment loss
yang diakui atas goodwill tidak dapat dipulihkan recognised for goodwill is not reversed in
pada periode berikutnya. subsequent period.
47
Page 336
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
l. Aset tidak berwujud (lanjutan) l. Intangible assets (continued)
Core Deposits Intangible Core Deposits Intangible
Core Deposits Intangible (“CDI”) adalah aset Core Deposits Intangible (“CDI”) is an
tidak berwujud yang timbul dari akuisisi suatu intangible asset that arise from acquisition of
bank. Aset ini merupakan nilai sekarang dari a bank. This asset is the present value of
pendapatan yang akan diterima dari dana pihak future income from third party fund,
ketiga, yang diakui sebagai aset pada tanggal recognised as an asset at the date that
diperolehnya pengendalian (tanggal akuisisi). control is acquired (the acquisition date).
CDI diamortisasi dengan menggunakan CDI is amortised by using straight-line
metode garis lurus selama estimasi umur method over its estimated useful life of 10
manfaatnya, yaitu 10 (sepuluh) tahun. (ten) years.
m. Penurunan nilai aset non keuangan m. Impairment of non-financial assets
Pada setiap tanggal pelaporan, Bank At each reporting date, the Bank assesses
melakukan penilaian apakah terdapat indikasi whether there is any indication that its non-
bahwa aset non keuangan mungkin mengalami financial assets may be impaired in
penurunan nilai sesuai dengan PSAK No. 48 accordance with SFAS No. 48 “Impairment of
tentang “Penurunan Nilai Aset”. Jika indikasi Assets”. If any such indication exists, then
tersebut ada, maka nilai yang dapat dipulihkan asset’s recoverable amount will be
dari aset tersebut akan diestimasi. estimated.
Nilai yang dapat dipulihkan adalah sebesar Recoverable amount is the higher of an
jumlah yang lebih tinggi dari nilai wajar aset asset’s (or cash-generating unit’s) fair value
(atau unit penghasil kas) dikurangi besarnya less cost to sell and its value in use and is
biaya untuk menjual dibandingkan dengan nilai determined for an individual asset, unless the
pakai yang ditentukan untuk aset individu, asset does not generate cash inflows that are
kecuali aset tersebut menghasilkan arus kas largely independent of those from other
masuk yang tidak tergantung lagi dari aset yang assets or groups of assets, in which case the
lain atau kumpulan aset, yang dalam hal jumlah recoverable amount is assessed as part of
terpulihkan dinilai sebagai bagian dari unit the cash generating unit to which it belongs.
penghasil kas. Apabila nilai tercatat suatu aset If the carrying amount of an asset (or cash-
(atau unit penghasil kas) melebihi jumlah generating unit) exceeds its recoverable
terpulihkan, maka aset (atau unit penghasil kas) amount, the asset (or cash-generating unit) is
tersebut dianggap mengalami penurunan nilai considered impaired and is written down to
dan diturunkan menjadi sebesar nilai yang its recoverable amount.
dapat dipulihkan.
Dalam menilai nilai pakai suatu aset, estimasi In assessing value in use, the estimated
terhadap arus kas dipulihkan di masa depan future cash flows are discounted to their
akan didiskontokan menjadi nilai kini dengan present value using a pre-tax discount rate
menggunakan tingkat suku bunga diskonto that reflects current market assessments of
sebelum pajak yang mencerminkan penilaian the time value of money and the risks specific
pasar terhadap nilai waktu dari kas dan risiko to the asset (or cash-generating unit).
spesifik aset (atau unit penghasil kas) tersebut.
Kerugian penurunan nilai atas aset yang tidak An impairment loss on a non-revalued asset
direvaluasi diakui pada laba/rugi. Namun, is recognised in profit or loss. However, an
kerugian penurunan nilai atas aset yang impairment loss on a revalued asset is
direvaluasi diakui pada penghasilan recognised in other comprehensive income
komprehensif lainnya sebatas penurunan nilai to the extent that the impairment loss does
tersebut tidak melebihi jumlah surplus revaluasi not exceed the amount in the revaluation
untuk aset yang sama. Kerugian penurunan surplus for that same asset. Such an
nilai untuk aset yang direvaluasi mengurangi impairment loss on a revalued asset reduces
surplus revaluasi untuk aset tersebut. the revaluation surplus for that asset.
48
Page 337
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
m. Penurunan nilai aset non keuangan m. Impairment of non-financial assets
(lanjutan) (continued)
Bank melakukan penelaahan pada setiap The Bank assesses at each reporting date as
tanggal pelaporan apakah terdapat indikasi to whether there is any indication that
bahwa pengakuan kerugian penurunan nilai previously recognised impairment losses
sebelumnya mungkin tidak lagi ada atau telah may no longer exist or may have decreased.
menurun. Bila terdapat indikasi tersebut, maka If such indication exists, the recoverable
jumlah terpulihkan akan diestimasi. amount is estimated.
Kerugian penurunan nilai, kecuali untuk A previously recognised impairment loss,
goodwill yang sebelumnya telah diakui akan except for goodwill is reversed only if there
dibalik hanya jika telah terjadi perubahan dalam has been a change in the estimates used to
estimasi yang digunakan untuk menentukan determine the asset’s recoverable amount
jumlah terpulihkan aset sejak kerugian since the last impairment loss was
penurunan nilai terakhir diakui. Jika demikian, recognised. If that is the case, the carrying
nilai tercatat aset akan ditingkatkan sejumlah amount of the asset is increased to its
nilai terpulihkan. recoverable amount.
Peningkatan nilai tercatat aset selain goodwill The increased carrying amount of an asset
yang disebabkan oleh pembalikan kerugian other than goodwill attributable to a reversal
penurunan nilai tidak dapat melebihi nilai of an impairment loss shall not exceed the
tercatat yang telah ditetapkan (setelah dikurangi carrying amount that would have been
amortisasi atau penyusutan) jika diasumsikan determined (net of amortisation or
tidak terdapat penurunan nilai pada tahun depreciation) had no impairment loss been
sebelumnya. Pembalikan tersebut diakui di recognised for the asset in prior years. Such
dalam laporan laba rugi dan penghasilan reversal is recognised in the statement of
komprehensif lain kecuali jika aset tersebut profit or loss and other comprehensive
dicatat sebesar nilai yang dipulihkan, dimana income unless the asset is carried at a
pembalikannya akan diakui sebagai revalued amount, in which case the reversal
peningkatan revaluasi. Setelah pembalikan is treated as a revaluation increase. After
tersebut dicatat, beban penyusutan akan such reversal, the depreciation expense is
disesuaikan ke depan untuk mengalokasikan adjusted in the future years to allocate the
nilai tercatat aset yang telah direvaluasi setelah asset’s revised carrying amount less any
dikurangi nilai sisa yang diperhitungkan secara residual value on a systematic basis over its
sistematis sepanjang masa manfaat aset remaining life.
tersebut.
n. Biaya dibayar di muka n. Prepaid expenses
Biaya dibayar di muka diamortisasi selama Prepaid expenses are amortised over the
masa manfaat dengan menggunakan metode expected period of benefits using the straight-
garis lurus (straight-line method). Termasuk line method. Included in prepaid expenses
dalam biaya dibayar di muka antara lain sewa, are rent, information technology maintenance
pemeliharaan informasi teknologi dan asuransi. and insurance.
o. Agunan yang diambil alih o. Foreclosed assets
Agunan yang diambil alih merupakan jaminan Foreclosed assets represent loan collateral
kredit yang diberikan yang telah diambil alih acquired in settlement of loans.
sebagai bagian dari penyelesaian kredit yang
diberikan.
49
Page 338
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Agunan yang diambil alih (lanjutan) o. Foreclosed assets (continued)
Pada saat pengakuan awal, agunan yang Foreclosed assets acquired in conjunction
diambil alih sehubungan dengan penyelesaian with settlement of loans are initially recorded
kredit dicatat sebesar nilai wajar setelah at their fair value less cost to sell but not
dikurangi biaya untuk menjualnya tetapi tidak exceeding the carrying value of the loans.
melebihi nilai tercatat kredit yang diberikan. The Bank does not recognise any gains
Bank tidak mengakui keuntungan pada saat relating to the acquisition of foreclosed
pengambilalihan agunan. Selisih lebih antara assets. The excess between uncollectible
saldo kredit yang tidak dapat ditagih dengan loans balance and net realisable value of
nilai bersih agunan yang diambil alih yang dapat foreclosed assets is charged to allowance for
direalisasikan dibebankan pada penyisihan losses.
penghapusan.
Setelah pengakuan awal, agunan yang diambil Subsequent to initial recognition, foreclosed
alih dicatat pada nilai yang lebih rendah antara assets are stated at the lower of carrying
nilai tercatat dan nilai wajar setelah dikurangi amount and fair value less cost to sell. The
biaya untuk menjual. Selisih antara nilai agunan difference between the value of the
yang diambil alih dengan sisa pokok pinjaman foreclosed assets and the outstanding loan
yang diberikan, jika ada, dibebankan ke laporan principal, if any, is charged to the current year
laba rugi tahun berjalan. Selisih antara nilai statement of profit or loss. Any difference
agunan yang diambil alih dan hasil between the value of the foreclosed assets
penjualannya diakui sebagai keuntungan atau and the proceeds from its sale is recognised
kerugian pada saat penjualan agunan yang as a gain or loss on sale of the foreclosed
bersangkutan. assets.
Beban-beban sehubungan dengan perolehan Expenses in relation with the acquisition and
dan pemeliharaan agunan yang diambil alih maintenance of foreclosed assets are
dibebankan pada laba/rugi tahun berjalan pada charged in the current year profit or loss as
saat terjadinya. incurred.
p. Liabilitas segera p. Obligation due immediately
Liabilitas segera dicatat pada saat timbulnya This account is recorded at the time the
kewajiban atau diterima perintah dari pemberi obligations occur or upon receipt of transfer
amanat, baik dari masyarakat maupun dari orders from customers or other banks.
bank lain. Termasuk dalam liabilitas segera Included in this account is related to clearing
adalah liabilitas sehubungan dengan transaksi transactions and transfers.
kliring dan transfer.
Liabilitas segera dicatat berdasarkan biaya Obligation due immediately is stated at
perolehan diamortisasi dan diklasifikasikan amortised cost and classified as other
sebagai liabilitas keuangan lainnya. financial liabilities.
q. Simpanan dari nasabah q. Deposits from customers
Giro merupakan simpanan nasabah yang dapat Current accounts represent customer funds
digunakan sebagai alat pembayaran dan which can be used as payment instruments,
penarikannya dapat dilakukan setiap saat and can be withdrawn at any time through
melalui cek atau pemindahbukuan dengan cheque, or transferred through current
bilyet giro dan sarana perintah pembayaran account drafts and other transfer instruction
lainnya. Giro dinyatakan sebesar nilai titipan media. Current accounts are stated at the
pemegang giro di Bank. amounts entrusted to the Bank by the
depositors.
50
Page 339
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
q. Simpanan dari nasabah (lanjutan) q. Deposits from customers (continued)
Tabungan merupakan simpanan nasabah yang Savings accounts represent customer funds
penarikannya hanya dapat dilakukan nasabah which can be withdrawn by the depositors
sesuai dengan persyaratan tertentu yang only under certain conditions. Savings
disepakati. Tabungan dinyatakan sebesar nilai accounts are stated at the agreed amounts
liabilitas pada pemilik tabungan. due to the depositors.
Deposito berjangka merupakan simpanan Time deposits represent customers’ funds
nasabah yang penarikannya hanya dapat which can be withdrawn by the depositors
dilakukan nasabah pada waktu tertentu sesuai only on specific maturity dates based on the
dengan perjanjian antara pemegang deposito agreements between the depositors and the
berjangka dengan Bank. Deposito berjangka Bank. Time deposits are stated at the nominal
dinyatakan sebesar nilai nominal yang amounts stated in the certificate issued by the
tercantum dalam sertifikat yang diterbitkan oleh Bank in accordance with the agreements
Bank sesuai dengan perjanjian antara between the depositors and the Bank.
pemegang deposito berjangka dengan Bank.
Simpanan nasabah diklasifikasikan sebagai Deposits from customers are classified as
liabilitas keuangan lainnya dan diukur pada other financial liabilities and measured at
biaya perolehan diamortisasi menggunakan amortised cost using the effective interest
suku bunga efektif. rate method.
r. Simpanan dari bank lain r. Deposits from other banks
Simpanan dari bank lain merupakan kewajiban Deposits from other banks represent
kepada bank lain dalam bentuk tabungan, giro, liabilities to other banks in the form of savings
deposito berjangka, dan inter-bank call money. accounts, current accounts, time deposits,
and inter-bank call money.
Simpanan dari bank lain diklasifikasikan Deposits from other banks are classified as
sebagai liabilitas keuangan lain dan diukur pada other financial liabilities and measured at
biaya perolehan diamortisasi menggunakan amortised cost using the effective interest
suku bunga efektif. Biaya tambahan yang dapat rate method. Incremental costs that can be
diatribusikan secara langsung dengan attributed directly to the acquisition of
perolehan simpanan dari bank lain dikurangkan deposits from other banks are deducted from
dari jumlah simpanan yang diterima. the total deposits received.
s. Surat berharga subordinasi s. Subordinated securities
Surat berharga subordinasi diakui sebesar nilai Subordinated securities are initially
wajar pada awalnya dan selanjutnya diukur recognised at fair value and subsequently
sebesar biaya perolehan diamortisasi dengan measured at amortised cost using the
menggunakan metode suku bunga efektif. effective interest rate method.
Biaya perolehan diamortisasi dihitung dengan Amortised cost is calculated by taking into
memperhitungkan adanya diskonto atau premi account any discount or premium on
terkait dengan pengakuan awal surat berharga subordinated securities and transaction costs
subordinasi dan biaya transaksi yang that are an integral part of the effective
merupakan bagian yang tidak terpisahkan dari interest rate.
suku bunga efektif.
51
Page 340
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
t. Pendapatan dan beban bunga t. Interest income and expenses
Pendapatan dan beban bunga diakui pada Interest income and expenses are
laba/rugi dengan menggunakan metode suku recognised in the profit or loss using the
bunga efektif. Suku bunga efektif adalah suku effective interest rate method. The effective
bunga yang secara tepat mendiskontokan interest rate is the rate that exactly discounts
estimasi pembayaran atau penerimaan kas di the estimated future cash payments or
masa datang selama perkiraan umur dari aset receipts over the expected life of the financial
keuangan atau liabilitas keuangan (atau jika instrument (or where appropriate, a shorter
lebih tepat, digunakan periode yang lebih period) to obtain the carrying amount of the
singkat) untuk memperoleh nilai tercatat neto financial asset or financial liability.
dari aset keuangan atau liabilitas keuangan.
Pada saat menghitung suku bunga efektif, Bank When calculating the effective interest rate,
mengestimasi arus kas di masa datang dengan the Bank estimates future cash flows
mempertimbangkan seluruh persyaratan considering all contractual terms of the
kontraktual dalam instrumen keuangan tersebut financial instrument but not future credit
tetapi tidak mempertimbangkan kerugian kredit losses. This calculation includes all
di masa mendatang. Perhitungan ini mencakup commissions, fees and other forms received
seluruh komisi, provisi, dan bentuk lain yang by the parties in the contract that are an
diterima oleh para pihak dalam kontrak yang integral part of the effective interest rate.
merupakan bagian tidak terpisahkan dari suku
bunga efektif.
Jika aset keuangan atau nilai kelompok aset If a financial asset or group of similar financial
keuangan serupa telah diturunkan sebagai assets’ value has diminished as a result of
akibat kerugian penurunan nilai, maka impairment losses, interest income
pendapatan bunga yang diperoleh setelahnya subsequently obtained is recognised based
diakui berdasarkan suku bunga yang digunakan on the interest rate used to discount future
untuk mendiskonto arus kas masa datang cash flows in calculating impairment losses.
dalam menghitung kerugian penurunan nilai.
Kredit yang pembayaran angsuran pokok atau Loans for which the principal or interest has
bunganya telah lewat 90 (sembilan puluh) hari been past due for 90 (ninety) days or more,
atau lebih setelah jatuh tempo, atau kredit yang or when reasonable doubt exists as to the
pembayarannya secara tepat waktu diragukan timely collection are generally classified as
secara umum diklasifikasikan sebagai kredit impaired loans. Interest accrued but not yet
yang mengalami penurunan nilai (impairment). collected is reversed when a loan is classified
Bunga yang telah diakui tetapi belum tertagih as impaired loan.
akan dibatalkan pada saat kredit
diklasifikasikan sebagai kredit yang mengalami
penurunan nilai.
u. Pendapatan provisi dan komisi u. Fees and commissions
Pendapatan provisi dan komisi yang Fees and commissions that are an integral
merupakan bagian tak terpisahkan dari suku part of the effective of interest rate of a
bunga efektif atas instrumen keuangan, financial instrument, for examples loans or
contohnya kegiatan pinjaman atau pendapatan fee and commission income which relates to
provisi dan komisi yang berhubungan dengan a specific period are treated as an adjustment
jangka waktu tertentu, diperlakukan sebagai to the effective interest rate and classified as
penyesuaian terhadap suku bunga efektif dan part of interest income in the statement of
diklasifikasikan sebagai bagian dari profit or loss and other comprehensive
pendapatan bunga pada laporan laba rugi dan income.
penghasilan komprehensif lain.
52
Page 341
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
u. Pendapatan provisi dan komisi (lanjutan) u. Fees and commissions (continued)
Pendapatan provisi dan komisi lainnya Other fees and commission income including
termasuk provisi yang terkait dengan kegiatan credit related fees, export-import related fees,
perkreditan, kegiatan ekspor-impor, provisi syndication lead arranger fees and service
sebagai pengatur sindikasi, dan provisi atas fees are recognised as the related services
jasa diakui pada saat jasa tersebut dilakukan. are performed. Other fees and commission
Beban provisi dan komisi lainnya sehubungan expenses related mainly to interbank
dengan transaksi antar-bank diakui sebagai transaction fees are expensed as the service
beban pada saat jasa tersebut diterima. are received.
v. Imbalan kerja v. Employee benefits
Bank mencatat estimasi liabilitas imbalan kerja The Bank records employee benefits
karyawan sesuai dengan Undang-undang Cipta liabilities in accordance with Job Creation No.
Kerja No. 11 tahun 2020 tanggal 2 November 11 year 2020 dated November 2, 2020 (“the
2020 (“Undang-undang”) dan diakui sesuai Law”) as accounted for under SFAS No. 24
dengan PSAK No. 24 tentang “Imbalan Kerja “Employee Benefits”.
Karyawan”.
Liabilitas imbalan pasca kerja dihitung sebesar Post-employment benefits liability is
nilai kini dari estimasi jumlah liabilitas imbalan calculated at present value of estimated
pasca kerja di masa depan yang timbul dari jasa future benefits that the employees have
yang telah diberikan oleh karyawan pada masa earned in return for their services in the
kini dan masa lalu dikurangi dengan nilai wajar current and past periods deducted by plan
aset program, jika ada. Perhitungan dilakukan assets, if any. Calculation is performed by an
oleh aktuaris independen dengan metode independent actuary using the projected unit
projected unit credit. credit method.
Nilai kini liabilitas imbalan pasti ditentukan The present value of the defined benefit
dengan mendiskontokan estimasi arus kas obligation is determined by discounting the
keluar masa depan dengan menggunakan estimated future cash outflows using interest
tingkat bunga obligasi Pemerintah (dengan rates of Government bonds (considering
pertimbangan bahwa saat ini tidak ada pasar currently there is no deep market for high
untuk obligasi korporasi berkualitas tinggi) quality corporate bonds) that are
dalam mata uang yang sama dengan mata denominated in the currency in which the
uang imbalan yang akan dibayarkan dan waktu benefits will be paid and have terms to
jatuh tempo yang kurang lebih sama dengan maturity approximately the same as the
waktu jatuh tempo imbalan yang bersangkutan. terms of the related pension liability.
Beban pensiun berdasarkan program dana Pension costs defined benefit pension plans
pensiun manfaat pasti ditentukan melalui are determined by periodic actuarial
perhitungan aktuaria secara periodik dengan calculation using the projected unit credit
menggunakan metode projected unit credit dan method and applying the assumptions on
menerapkan asumsi atas tingkat diskonto, hasil discount rate, expected return on plan assets
yang diharapkan atas aset dana pensiun dan and annual rate of increase in compensation.
tingkat kenaikan manfaat pasti pensiun
tahunan.
Keuntungan dan kerugian atas pengukuran Remeasurement gains and losses arising
kembali yang timbul dari penyesuaian dan from experience adjustments and changes in
perubahan dalam asumsi-asumsi aktuarial dan actuarial assumptions and the return of plan
hasil atas aset dana pensiun (tidak termasuk assets (excluding net interest) are charged or
bunga bersih) langsung diakui seluruhnya credited to equity in other comprehensive
melalui penghasilan komprehensif lainnya pada income in the period in which they arise.
saat terjadinya.
53
Page 342
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
v. Imbalan kerja (lanjutan) v. Employee benefits (continued)
Seluruh biaya jasa lalu diakui pada saat yang All past service costs are recognised at the
lebih dulu antara ketika amendemen/kurtailmen earlier of when the amendment/curtailment
terjadi atau ketika biaya restrukturisasi atau occurs and when the related restructuring or
pemutusan hubungan kerja diakui. Akibatnya, termination costs are recognised. As a result,
biaya jasa lalu yang belum vested tidak lagi unvested past service costs can no longer be
dapat ditangguhkan dan diakui selama periode deferred and recognised over the future
vesting masa depan. vesting period.
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek seperti upah, Short-term employee benefits such as
iuran jaminan sosial, cuti jangka pendek, bonus, wages, social security contributions, short-
dan imbalan non-moneter lainnya diakui selama term compensated leaves, bonuses, and
periode jasa diberikan. Imbalan kerja jangka other non-monetary benefits are recognised
pendek dihitung sebesar jumlah yang tidak during the period when services are
didiskontokan. rendered. Short-term employee benefits are
measured using undiscounted amounts
Pada bulan April 2022, DSAK-IAI menerbitkan In April 2022, DSAK-IAI issued an
materi penjelasan melalui siaran pers atas explanatory material through a press release
persyaratan pengatribusian imbalan pada regarding attribution of benefits to periods of
periode jasa sesuai dengan PSAK No. 24: service in accordance with SFAS No. 24:
Imbalan Kerja yang diadopsi dari IAS 19 Imbalan Kerja which was adopted from IAS
Employee Benefits. Materi penjelasan tersebut 19 Employee Benefits. The explanatory
menyampaikan informasi bahwa pola fakta material conveyed the information that the
umum dari program pensiun berbasis Undang- fact pattern of the pension program based on
Undang Ketenagakerjaan yang berlaku di the Labor Law currently enacted in Indonesia
Indonesia saat ini memiliki pola fakta serupa is similar to those responded and concluded
dengan yang ditanggapi dan disimpulkan dalam in the IFRS Intepretation Committee (IFRIC)
IFRS Interpretation Committee (“IFRIC”) Agenda Decision Attributing Benefit to
Agenda Decision Attributing Benefit to Periods Periods of Service (IAS 19). The Bank has
of Service (IAS 19). Bank telah menerapkan adopted the said explanatory material and
materi penjelasan tersebut dan dengan accordingly changed its accounting policy
demikian merubah kebijakan akuntansi regarding attribution of benefits to periods of
menyangkut atribusi imbalan kerja pada service previously applied in the financial
periode jasa dari kebijakan yang diterapkan statements of the Bank as of December 31,
sebelumnya pada laporan keuangan Bank pada 2021 and for the year then ended. The impact
tanggal 31 Desember 2021 dan untuk tahun of the change in calculation is immaterial to
yang berakhir pada tanggal tersebut. Dampak the Bank, therefore the impact of the changes
perubahan perhitungan tersebut adalah tidak is recorded entirety in the financial
material terhadap Bank, sehingga dibukukan statements for the year ended December 31,
seluruhnya pada laporan keuangan untuk tahun 2022 (Note 35).
yang berakhir 31 Desember 2022 (Catatan 35).
54
Page 343
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
w. Transaksi dan saldo dalam mata uang asing w. Foreign currency transactions and
balances
Transaksi dalam mata uang asing dicatat Transactions involving foreign currencies are
berdasarkan kurs yang berlaku pada saat recorded at the rates of exchange prevailing
transaksi dilakukan. Pada tanggal laporan at the time the transactions are made. At
posisi keuangan, aset dan liabilitas moneter statement of financial position date, monetary
dalam mata uang asing dijabarkan ke dalam assets and liabilities denominated in foreign
mata uang Rupiah menggunakan kurs laporan currencies are translated into Rupiah using
(penutupan) yang ditetapkan oleh Bank the reporting (closing) rate determined by
Indonesia yaitu kurs tengah yang merupakan Bank of Indonesia which is middle rate from
rata-rata kurs beli dan kurs jual berdasarkan the average of bid and ask rate based on
Reuters pada pukul 16.00 WIB setiap hari. Laba Reuters at 16.00 WIB (Western Indonesia
atau rugi kurs yang terjadi diakui di dalam local time) everyday. The resulting gains or
laporan laba rugi dan penghasilan losses are recognised in the statement of
komprehensif lain tahun berjalan. profit or loss and other comprehensive
income for the current year.
Kurs yang digunakan Bank untuk menjabarkan The exchange rates used by the Bank as of
aset dan liabilitas dalam mata uang asing pada December 31, 2023 and 2022, amounted to:
tanggal 31 Desember 2023 dan 2022 sebesar:
31 Desember/December 31
2023 2022
1 Poundsterling Britania Raya 19.626,56 18.786,09 Great Britain Poundsterling 1
1 Euro Eropa 17.038,32 16.581,72 European Euro 1
1 Dolar Amerika Serikat 15.397,00 15.567,50 United States Dollar 1
1 Dolar Singapura 11.676,34 11.592,88 Singapore Dollar 1
1 Dolar Australia 10.520,77 10.557,88 Australian Dollar 1
1 Yuan Renminbi Cina 2.169,50 2.234,50 Chinese Yuan Renminbi 1
1 Dolar Hong Kong 1.970,73 1.996,55 Hong Kong Dollar 1
1 Yen Jepang 108,88 117,81 Japanese Yen 1
x. Pajak penghasilan x. Income tax
Beban pajak terdiri dari pajak kini dan pajak The tax expense comprises current and
tangguhan. Pajak diakui dalam laporan laba deferred tax. Tax is recognised in the
rugi kecuali jika pajak tersebut terkait dengan statement of income except to the extent that
transaksi atau kejadian yang diakui ke it relates to items recognised in other
penghasilan komprehensif lain atau langsung comprehensive income or directly in equity.
diakui ke ekuitas. Dalam hal ini, pajak tersebut In this case, the tax is also recognised in
masing-masing diakui dalam penghasilan other comprehensive income or directly in
komprehensif lain atau ekuitas. equity, respectively.
55
Page 344
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
x. Pajak penghasilan (lanjutan) x. Income tax (continued)
Bank mengevaluasi secara periodik The Bank periodically evaluates the
implementasi terhadap peraturan perpajakan implementation of prevailing tax regulations
yang berlaku terutama yang memerlukan especially those that are subject to further
interpretasi lebih lanjut mengenai interpretation on its implementation including
pelaksanaannya termasuk juga evaluasi evaluation on tax assessment letters
terhadap surat ketetapan pajak yang diterima received from tax authorities. It establishes
dari kantor pajak. Jika perlu, manajemen provisions where appropriate on the basis of
menentukan provisi berdasarkan jumlah yang amounts expected to be paid to the tax
diharapkan akan dibayar kepada otoritas pajak. authorities.
Pajak penghasilan tangguhan disajikan dengan Deferred income tax is provided using the
menggunakan metode balance sheet liabilitas. balance sheet liability method. Deferred
Pajak penghasilan tangguhan timbul akibat income tax on temporary differences arising
perbedaan temporer antara aset dan liabilitas between the tax base of assets and liabilities
menurut ketentuan-ketentuan pajak dengan and their carrying amounts in the financial
nilai tercatat aset dan liabilitas dalam laporan statements. Currently enacted or
keuangan. Tarif pajak yang berlaku atau yang substantially enacted tax rates are used in
secara substansial telah berlaku digunakan the determination of deferred income tax.
dalam menentukan besarnya jumlah pajak
penghasilan tangguhan.
Aset pajak tangguhan diakui apabila terdapat Deferred tax assets are recognised to the
kemungkinan besar bahwa jumlah laba fiskal di extent that it is probable that future taxable
masa mendatang akan memadai untuk profit will be available against which the
mengkompensasi perbedaan temporer yang temporary differences can be utilised.
menimbulkan aset pajak tangguhan tersebut.
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of deferred tax assets is
pada setiap tanggal neraca dan nilai tercatat reviewed at each reporting date and reduced
aset pajak tangguhan tersebut diturunkan to the extent that it is no longer probable that
apabila tidak lagi terdapat kemungkinan besar sufficient taxable profits will be available to
bahwa laba fiskal yang memadai akan tersedia compensate all or part of the benefit of the
untuk mengompensasi sebagian atau semua deferred tax assets.
manfaat aset pajak tangguhan.
Pengaruh pajak terkait dengan penyisihan The related tax effects of the provisions for
untuk dan/atau pembalikan seluruh perbedaan and/or reversals of all temporary differences
temporer selama tahun berjalan termasuk during the year including the effect of change
pengaruh perubahan tarif pajak, diakui sebagai in tax rates, are recognised as “Income Tax
“Manfaat/(Beban) Pajak Penghasilan - Benefit/(Expense) - Deferred” and included in
Tangguhan” dan termasuk dalam laba atau rugi the determination of net profit or loss for the
neto tahun berjalan, kecuali untuk transaksi - year, except to the extent that they relate to
transaksi yang sebelumnya telah langsung items previously charged or credited to equity.
dibebankan atau dikreditkan ke ekuitas.
56
Page 345
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
x. Pajak penghasilan (lanjutan) x. Income tax (continued)
Aset dan liabilitas pajak penghasilan tangguhan Deferred income tax assets and liabilities are
dapat saling hapus apabila terdapat hak yang offset when there is a legally enforceable right
berkekuatan hukum untuk melakukan saling to offset current tax assets against current tax
hapus antara aset pajak kini dengan liabilitas liabilities and when the deferred income tax
pajak kini dan apabila aset dan liabilitas assets and liabilities relate to income taxes
tangguhan terkait pajak penghasilan yang levied by the same taxation authority on either
dikenakan oleh otoritas perpajakan yang sama, the same taxable entity or different taxable
baik atas entitas kena pajak yang sama entities where there is an intention to settle
ataupun berbeda dan adanya niat untuk the balances on a net basis.
melakukan penyelesaian saldo-saldo tersebut
secara neto.
Perubahan terhadap kewajiban perpajakan Amendments to taxation obligations are
dicatat pada saat diterimanya surat ketetapan recorded when an assessment is received or
atau apabila dilakukan banding, ketika hasil if appeal is applied, when the results of the
banding diterima. appeal are received.
y. Aset hak guna dan liabilitas sewa y. Right-of-use assets and lease liabilities
Bank telah mengadopsi PSAK No. 73 mengenai The Bank has adopted SFAS No. 73
“Sewa”. Identifikasi dan pengukuran atas aset regarding “Leases”. Identification and
hak guna dan liabilitas sewa diterapkan secara measurement of the rights-of-use assets and
modified retrospective tanpa penyajian kembali lease liabilities are applied on a modified
periode komparatif. retrospective basis without a comparative
period representation.
Bank mengakui aset hak guna untuk sewa yang The Bank recognised the right-of-use assets
memenuhi kriteria PSAK No. 73 sebagai for lease that meet the criteria of
berikut: SFAS No. 73 as follows:
- Terdapat aset identifikasian; - There are identified assets;
- Bank secara substansial menikmati manfaat - The Banks substantially enjoy the
ekonomis dari penggunaan aset economic benefits of using identifying
identifikasian; assets;
- Bank memiliki hak untuk mengendalikan aset - The Bank has the right to control the
identifikasian dimaksud. identified assets in question.
Bank menerapkan pengecualian atas sewa The Bank applies exceptions to the lease as
sebagai berikut: follows:
- Dengan jangka waktu kurang atau sama - With a term less than or equal to 12
dengan 12 bulan dan tidak terdapat opsi beli; months and no purchase options;
- Dengan nilai pendasar rendah, yaitu kurang - With low base value, i.e., less or equal to
atau sama dengan USD5.000 (nilai penuh); USD5,000 (full amount).
Untuk sewa yang tidak memenuhi kriteria PSAK For lease that does not meet the criteria of
No. 73, maka diperlakukan sebagai sewa SFAS No. 73, then it is treated as a regular
operasi biasa. operating lease.
57
Page 346
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
y. Aset hak guna dan liabilitas sewa (lanjutan) y. Right-of-use assets and lease liabilities
(continued)
Bank mengakui liabilitas sewa sebesar jumlah The Bank recognised lease liabilities at the
pembayaran sewa yang masih harus dibayar amount of lease payments accrued to the end
hingga akhir masa sewa yang didiskontokan of the lease term which discounted using the
dengan menggunakan suku bunga pinjaman incremental borrowing rate. The right-of-use
inkremental. Sedangkan aset hak guna assets includes the amount of lease liabilities
mencakup jumlah liabilitas sewa yang diakui, recognised, initial direct costs paid,
biaya langsung awal yang dibayarkan, biaya restoration costs and lease payments on or
pemulihan dan pembayaran sewa yang before the start date of the lease, less lease
dilakukan pada atau sebelum tanggal mulai incentives received. Right-of-use assets are
sewa, dikurangi insentif sewa yang diterima. depreciated using the straight-line method
Aset hak guna disusutkan dengan metode garis over the shorter period between the lease
lurus selama jangka waktu yang lebih pendek term and the estimated useful life of the asset.
antara masa sewa dengan estimasi masa
manfaat aset.
Jika kepemilikan aset sewa dialihkan ke Bank If the ownership of lease asset is transferred
pada akhir masa sewa atau pembayaran sewa to the Bank at the end of the lease term or the
mencerminkan pelaksanaan opsi pembelian, lease payments reflect the exercise of the
maka penyusutan dihitung menggunakan purchase option, then depreciation is
estimasi masa manfaat ekonomis aset. Aset calculated using the estimated useful life of
hak guna diuji penurunan nilainya sesuai the assets. Right-of-use assets are tested for
dengan PSAK No. 48 tentang “Penurunan Nilai impairment in accordance with SFAS No. 48
Aset”. regarding “Impairment”.
Pada tanggal dimulainya sewa, Bank mengakui On the initial of lease date, the Bank
liabilitas sewa yang diukur pada nilai kini dari recognised lease liabilities which measured at
pembayaran sewa masa depan yang akan the present value of future lease payments
dibayarkan selama masa sewa. Pembayaran that will be paid over the lease term. Lease
sewa termasuk pembayaran tetap (termasuk payments include fixed payments (including
pembayaran tetap secara substansi) dikurangi substantially fixed payments), less lease
piutang insentif sewa, pembayaran sewa incentive receivables, variable lease
variabel yang bergantung pada indeks atau payments that depends on index or interest
suku bunga dan jumlah yang diharapkan akan rate and the expected amount to be paid in a
dibayar dalam jaminan nilai residu. Pembayaran residual value guarantee. Lease payments
sewa juga termasuk harga eksekusi opsi also include the reasonable exercise price for
pembelian yang wajar jika dipastikan akan the purchase option if it is determined to be
dilakukan oleh Bank dan pembayaran penalti made by the Bank and the payment of a
untuk mengakhiri sewa, jika jangka waktu sewa penalty to terminate the lease, if the lease
mencerminkan Bank mengeksekusi opsi term reflects the Bank exercising the lease
penghentian sewa. termination option.
Pembayaran sewa variabel yang tidak Variable lease payments that are not depends
bergantung pada indeks atau suku bunga diakui on an index or interest rate are recognised as
sebagai beban pada periode di mana peristiwa an expense in the period in which the event or
atau kondisi yang memicu pembayaran terjadi. condition that triggers the payment occurs.
58
Page 347
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
y. Aset hak guna dan liabilitas sewa (lanjutan) y. Right-of-use assets and lease liabilities
(continued)
Dalam menghitung nilai kini dari pembayaran In calculating the present value of lease
sewa, Bank menggunakan suku bunga payments, the Bank uses the lessee
pinjaman inkremental penyewa pada tanggal incremental borrowing rate at the inception
dimulainya sewa karena suku bunga implisit date of the lease since the interest rate
dalam sewa tidak dapat ditentukan. Setelah implicit in the lease cannot be determined.
tanggal dimulainya sewa, jumlah liabilitas sewa After the inception date of the lease, the
ditingkatkan untuk mencerminkan pertambahan amount of the lease liability is increased to
bunga dan dikurangi pembayaran sewa yang reflect the interest increase and less lease
dilakukan. Selain itu, jumlah tercatat liabilitas payments made. Furthermore, the lease
sewa diukur kembali jika terdapat modifikasi, liabilities carrying amount is remeasured if
perubahan jangka waktu sewa, perubahan there are modifications, changes in term of
pembayaran sewa, atau perubahan dalam the lease, lease payments, or the valuation of
penilaian opsi untuk membeli aset pendasar. the option to purchase the underlying asset.
Sewa jangka pendek (dengan jangka waktu Short-term leases (with term of less or equal
kurang atau sama dengan 12 bulan) dan sewa to 12 months) and leases of low-value assets,
aset bernilai rendah, serta elemen-elemen sewa and elements of those leases, partially or
tersebut, sebagian atau seluruhnya tidak entirely not applying the recognition principles
menerapkan prinsip-prinsip pengakuan yang stipulated by SFAS No. 73 will be treated the
ditentukan oleh PSAK No. 73 akan diperlakukan same as operating leases in SFAS No. 30.
sama dengan sewa operasi pada PSAK No. 30. The Bank will recognizes these lease
Bank akan mengakui pembayaran sewa payments on a straight-line basis during the
tersebut dengan dasar garis lurus selama masa lease period on the statement of profit or loss
sewa dalam laporan laba rugi dan penghasilan and other comprehensive income. This
komprehensif lain. Beban ini dicatat pada beban expense is recorded under general and
umum dan administrasi dalam laporan laba rugi. administrative expenses in profit or loss.
Penerapan pencatatan PSAK No. 73 berlaku The recording implementation of SFAS No.
untuk seluruh sewa (kecuali sebagaimana yang 73 is applied for all leases (except as stated
disebutkan sebelumnya) sebagai berikut: earlier) as follows:
- Menyajikan aset hak guna sebagai bagian - Presents right-of-use assets as part of
dari aset tetap dan liabilitas sewa disajikan fixed assets and lease liabilities presented
sebagai bagian dari liabilitas lain-lain dalam as part of other liabilities in the statement
laporan posisi keuangan, yang diukur pada of financial position which measured at
nilai kini dari pembayaran sewa masa depan; the present value of the future lease
payments;
- Mencatat penyusutan aset hak guna dan - Records depreciation of right-of-use
bunga atas liabilitas sewa dalam laporan assets and interest on lease liabilities in
laba rugi dan penghasilan komprehensif; the statement of profit or loss and other
dan comprehensive income; and
- Memisahkan jumlah total pembayaran ke - Separates the total amount of cash paid
bagian pokok (disajikan dalam kegiatan into a principal portion (presented within
pendanaan) dan bunga (disajikan dalam financing activities) and interest
kegiatan operasional) dalam laporan arus (presented within operating activities) in
kas. the statement of cash flows.
59
Page 348
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
z. Pelaporan segmen z. Segment reporting
Informasi segmen diungkapkan untuk Segment information is disclosed to enable
memungkinkan pengguna laporan keuangan users of financial statements to evaluate the
untuk mengevaluasi sifat dan dampak nature and financial effects of the business
keuangan dari aktivitas bisnis yang mana activities in which the Bank are involved in
Bank terlibat dalam lingkungan ekonomi and the economic environment where the
dimana Bank beroperasi. Bank operates.
Segmen operasi adalah komponen dari Bank An operating segment is a component of the
yang terlibat dalam aktivitas bisnis yang Bank that engages in business activities from
menghasilkan pendapatan dan menimbulkan which it may earns revenues and incurs
beban termasuk pendapatan dan beban yang expenses including revenues and expenses
terkait dengan transaksi dengan komponen that relate to transactions with any of the
lain Bank dimana hasil operasinya dikaji ulang Bank’s other components whose operating
secara berkala oleh manajemen kunci untuk results are reviewed regularly by the Bank’s
membuat keputusan mengenai sumber daya key managements to make decision about
yang akan dialokasikan pada segmen tersebut resources allocated to the segment and
dan menilai kinerjanya, serta tersedia assess its performance, and for which
informasi keuangan yang dapat dipisahkan. discrete financial information is available.
Hasil segmen yang dilaporkan kepada Segment’s results that are reported to the
manajemen kunci meliputi komponen- Bank’s key managements include items
komponen yang dapat diatribusikan secara directly attributable to a segment as well as
langsung kepada suatu segmen dan those that can be allocated on a reasonable
komponen-komponen yang dapat basis.
dialokasikan dengan dasar yang wajar.
Bank telah mengidentifikasi dan The Bank has identified and disclosed
mengungkapkan informasi keuangan financial information based on the business
berdasarkan kegiatan bisnis dimana Bank activities (business segments) in which the
terlibat (segmen usaha). Segmen pendapatan, Bank engages. The segments of revenues,
biaya, hasil aset dan liabilitas, termasuk expenses, income from assets and liabilities
bagian yang dapat diatribusikan langsung include ítems directly attributable to a
kepada segmen, serta yang dapat segment as well as those that can be
dialokasikan dengan dasar yang memadai allocated on a reasonable basis to that
untuk segmen tersebut. segment.
aa. Laba per saham aa. Earnings per share
Laba per saham dasar dihitung dengan Basic earnings per share is computed by
membagi laba tahun berjalan dengan rata-rata dividing income for the year with the
tertimbang jumlah saham yang ditempatkan weighted average number of outstanding
dan disetor penuh selama tahun berjalan. issued and fully paid-up common shares
during the year.
Laba per saham dilusian dihitung setelah Diluted earning per share is computed after
dilakukan penyesuaian terhadap jumlah making the necessary adjustments to the
rata-rata tertimbang saham biasa yang weighted average number of common
beredar dengan asumsi bahwa seluruh waran shares outstanding assuming full exercise
saham dieksekusi pada harga yang telah of stock warrant at the time of the issuance
ditentukan pada periode dimana harga pasar using the determined exercise price on the
rata-rata saham selama periode tersebut period where the average market price of
melebihi harga eksekusi waran. the share is exceeding the warrant exercise
price.
60
Page 349
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ab. Provisi ab. Provisions
Provisi diakui jika Bank memiliki liabilitas kini Provisions are recognised when the Bank
(baik bersifat hukum maupun bersifat has a present obligation (legal or
konstruktif), dimana akibat peristiwa masa lalu, constructive), that as a result of a past event,
besar kemungkinan bahwa penyelesaian it is probable that the settlement of obligation
kewajiban tersebut mengakibatkan arus keluar cause an outflow of resources embodying
sumber daya yang mengandung manfaat economic benefits will be required to settle
ekonomi dan estimasi yang andal mengenai the obligation and a reliable estimate can be
jumlah kewajiban tersebut dapat dibuat. made of the amount of the obligation.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting
dan disesuaikan untuk mencerminkan estimasi date and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar sumber estimate. If it is no longer probable that an
daya untuk menyelesaikan kewajiban outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the
dibatalkan. obligation, the provision is reversed.
ac. Biaya emisi penerbitan saham ac. Shares issuance costs
Biaya emisi saham yang terjadi sehubungan Shares issuance costs related to the public
dengan penawaran saham umum kepada offering of shares are deducted from the
masyarakat dikurangkan langsung dari hasil proceeds and presented as a deduction in
emisi dan disajikan sebagai pengurang pada the “Additional Paid-in-Capital” account
akun “Tambahan Modal Disetor” sebagai under equity section in the statement of
bagian dari ekuitas pada laporan posisi financial position.
keuangan.
ad. Transaksi dan saldo dengan pihak-pihak ad. Transactions and balances with related
berelasi parties
Bank melakukan transaksi dengan pihak-pihak The Bank enters into transactions with
berelasi. Dalam laporan keuangan ini, istilah related parties. In these financial statements,
pihak berelasi sesuai dengan PSAK No. 7 the term related parties are defined under
tentang “Pengungkapan Pihak-pihak Berelasi”. SFAS No. 7 on “Related Party Disclosures”.
Transaksi ini dilakukan berdasarkan The transactions are made based on terms
persyaratan yang disetujui oleh kedua belah agreed by the parties, in which such terms
pihak, dimana persyaratan tersebut mungkin may not be the same as those transactions
tidak sama dengan transaksi yang dilakukan with non-related parties.
dengan pihak-pihak yang tidak berelasi.
Semua transaksi dan saldo yang material All material transactions and balances with
dengan pihak berelasi, baik yang dilakukan related parties, whether or not conducted
dengan syarat normal sebagaimana dilakukan under terms and conditions similar to those
dengan pihak ketiga maupun tidak telah granted to third parties are disclosed in the
diungkapkan pada catatan atas laporan notes to the financial statements.
keuangan.
61
Page 350
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENILAIAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG MATERIAL ESTIMATES, AND ASSUMPTIONS
Penyusunan laporan keuangan Bank The preparation of the Bank financial statements
mengharuskan manajemen untuk membuat requires management to make judgments,
pertimbangan, estimasi, dan asumsi yang estimates, and assumptions that affect the
mempengaruhi jumlah yang dilaporkan dari reported amounts of revenues, expenses, assets
pendapatan, beban, aset dan liabilitas, dan and liabilities, and the disclosure of contingent
pengungkapan atas liabilitas kontinjensi pada akhir liabilities at the end of the reporting period.
periode pelaporan. Ketidakpastian mengenai Uncertainty about these assumptions and
asumsi dan estimasi tersebut dapat mengakibatkan estimations could result in outcomes that require
penyesuaian material terhadap nilai tercatat aset a material adjustment to the carrying amounts of
dan liabilitas dalam periode pelaporan berikutnya. the asset and liability affected in future periods.
Penentuan nilai wajar Determination of fair values
Kebijakan akuntansi Bank untuk pengukuran nilai The Bank’s accounting policy on fair value
wajar dibahas di Catatan 2d (ix). measurements is detailed in Note 2d (ix).
Dalam menentukan nilai wajar atas aset In determining the fair value for financial assets
keuangan dan liabilitas keuangan dimana and liabilities for which there is no observable
tidak terdapat harga pasar yang dapat market price, the Bank should use the valuation
diobservasi. Bank harus menggunakan teknik techniques. For financial instruments that are
penilaian. Untuk instrumen keuangan yang jarang traded infrequently and have little price
diperdagangkan dan tidak memiliki harga yang transparency, fair value is less objective and
transparan, nilai wajarnya menjadi kurang objektif requires varying degrees of judgment depending
sehingga membutuhkan tingkat pertimbangan yang on liquidity, concentration, uncertainly of market
beragam. Hal tersebut bergantung pada likuiditas, factors, pricing assumptions and other risks
konsentrasi, ketidakpastian faktor pasar, asumsi affecting the specific instrument.
penentuan harga, dan risiko lainnya yang
mempengaruhi instrumen tertentu.
Bila nilai wajar aset keuangan dan liabilitas When the fair values of financial assets and
keuangan yang tercatat pada laporan posisi financial liabilities recorded in the statement of
keuangan tidak tersedia di pasar aktif, nilainya financial position cannot be derived from active
ditentukan dengan menggunakan berbagai teknik markets, they are determined using a variety of
penilaian termasuk penggunaan model valuation techniques that include the use of
matematika. Masukan (input) untuk model ini mathematical models. The inputs to these models
berasal dari data pasar yang bisa diamati are derived from observable market data where
sepanjang data tersebut tersedia. possible.
Bila data pasar yang bisa diamati tersebut tidak When observable market data are not available,
tersedia, pertimbangan manajemen diperlukan management’s judgment is required to establish
untuk menentukan nilai wajar. Pertimbangan fair values. The management’s judgments
manajemen tersebut mencakup pertimbangan include considerations of liquidity and model
likuiditas dan masukan model seperti volatilitas inputs such as volatility for long-term derivatives
untuk transaksi derivatif yang berjangka waktu and discount rates, early payment rates, and
panjang dan tingkat diskonto, tingkat pelunasan default rate assumptions.
dipercepat, dan asumsi tingkat gagal bayar.
62
Page 351
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENILAIAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG MATERIAL (lanjutan) ESTIMATES, AND ASSUMPTIONS (continued)
Kontinjensi Contingencies
Bank sedang terlibat dalam proses hukum. The Bank is currently involved in legal
Perkiraan biaya kemungkinan bagi penyelesaian proceedings. The estimate of the probable cost
klaim telah dikembangkan melalui konsultasi for the resolution of claims has been developed in
dengan bantuan konsultan hukum Bank didasarkan consultation with the aid of the external legal
pada analisis hasil yang potensial. Manajemen counsel handling the Bank’s defense in this
tidak berkeyakinan bahwa hasil dari hal ini akan matter and is based upon an analysis of potential
mempengaruhi hasil usaha. Besar kemungkinan, results. Management does not believe that the
bagaimanapun, bahwa hasil operasi di masa depan outcome of this matter will affect the results of
dapat secara material terpengaruh oleh perubahan operations. It is probable, however, that future
dalam estimasi atau efektivitas dari strategi yang results of operations could be materially affected
terkait dengan hal tersebut. by changes in the estimates or in the
effectiveness of the strategies relating to these
proceedings.
Cadangan kerugian penurunan nilai atas aset Allowance for impairment losses on financial
keuangan assets
Evaluasi atas kerugian penurunan nilai aset Financial assets accounted for at amortised cost
keuangan yang dicatat pada biaya perolehan are evaluated for impairment on a basis
diamortisasi dijelaskan di Catatan 2e. described in Note 2e.
Cadangan kerugian penurunan nilai terkait dengan The specific counterparty component of the total
pihak lawan spesifik dalam seluruh cadangan allowances for impairment applies to claims
kerugian penurunan nilai dibentuk atas tagihan evaluated individually for impairment and is
yang penurunan nilainya dievaluasi secara based upon management’s best estimate of the
individual berdasarkan estimasi terbaik manajemen present value of the cash flows that are expected
atas nilai tunai arus kas yang diharapkan akan to be received.
diterima.
Dalam mengestimasi arus kas ini, manajemen In estimating these cash flows, the management
membuat pertimbangan mengenai kondisi makes judgments about the counterparty’s
keuangan dari pihak lawan dan nilai neto yang financial situation and the net realisable value of
dapat direalisasi dari agunan yang diterima. Setiap any underlying collateral. Each impaired asset is
aset yang mengalami penurunan nilai dievaluasi assessed on its merits and the workout strategy
dan strategi penyelesaiannya serta estimasi arus and estimated cash flows considered recoverable
kas yang dinilai dapat diperoleh kembali secara are independently approved by the Credit Risk
independen disetujui oleh Bagian Risiko Kredit. Unit.
Evaluasi cadangan kerugian penurunan nilai Allowance for impairment collectively assessed
secara kolektif meliputi kerugian kredit yang cover credit losses inherent in portfolios of claims
melekat pada portofolio tagihan dengan with similar economic characteristics when there
karakteristik ekonomi yang serupa ketika terdapat is an objective evidence to suggest that they
bukti objektif bahwa telah terjadi penurunan nilai contain impaired receivables but the individual
tagihan dalam portofolio tersebut namun impaired items cannot yet be identified.
penurunan nilai secara individu belum dapat
diidentifikasi.
63
Page 352
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENILAIAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG MATERIAL (lanjutan) ESTIMATES, AND ASSUMPTIONS (continued)
Cadangan kerugian penurunan nilai atas aset Allowance for impairment losses on financial
keuangan (lanjutan) assets (continued)
Dalam menentukan perlunya membentuk In assessing the need for collective loan loss
cadangan kerugian penurunan nilai kredit secara allowances, management considers factors such
kolektif, manajemen mempertimbangkan faktor- as credit quality, portfolio size, concentrations,
faktor seperti kualitas kredit, besarnya portofolio, and economic factors. In order to estimate the
konsentrasi kredit, dan faktor-faktor ekonomi. required allowance, assumptions are made to
ekonomi saat ini. Ketepatan dari cadangan ini define the way inherent losses are modeled and
bergantung pada seberapa tepat estimasi arus to determine the required input parameters based
kas masa depan untuk menentukan cadangan on historical experience and current economic
individual, serta asumsi model dan parameter conditions. The accuracy of the allowances
yang digunakan dalam menentukan cadangan depends on how well these estimates on future
kolektif. cash flows for specific counterparty’s allowances
and the model assumptions and parameters are
used in determining collective allowances.
Revaluasi aset tetap Revaluation of fixed assets
Revaluasi aset tetap Bank bergantung pada The Bank’s fixed assets revaluation depend on
pemilihan asumsi yang digunakan oleh penilai the selection of certain assumptions used by the
independen dalam menghitung jumlah-jumlah independent appraiser in calculating such
tersebut. Asumsi untuk tersebut termasuk harga amounts. Those assumptions include market
pasar tingkat diskonto, tingkat kenaikan value, discount rate, revenue and cost increase
pendapatan dan biaya, dan ekspektasi masa rate, and expected useful life. The Bank believes
manfaat. Bank berkeyakinan bahwa asumsi that the assumptions are reasonable and
tersebut adalah wajar dan sesuai. Perbedaan appropriate. Significant differences in the Bank’s
signifikan dalam asumsi yang ditetapkan Bank assumptions may materially affect the valuation
dapat mempengaruhi secara material nilai aset of its fixed assets.
tetap yang direvaluasi.
Penurunan nilai aset non keuangan Impairment of non-financial assets
Bank mengakui kerugian penurunan nilai apabila The Bank recognises an impairment loss
nilai tercatat aset melebihi nilai yang dapat whenever the carrying amount of an asset
dipulihkan. Jumlah terpulihkan adalah nilai yang exceeds its recoverable amount. The recoverable
lebih tinggi antara nilai wajar dikurang biaya untuk amount is the higher of an asset’s (or cash-
menjual dengan nilai pakai aset (atau unit penghasil generating units) fair value less cost to sell and its
kas). Jumlah terpulihkan diestimasi untuk aset value in use. Recoverable amounts are estimated
individual atau jika tidak memungkinkan, untuk unit for individual assets or if it is not possible, for the
penghasil kas yang mana aset tersebut merupakan cash-generating unit to which the asset belongs.
bagian daripada unit tersebut.
64
Page 353
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENILAIAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG MATERIAL (lanjutan) ESTIMATES, AND ASSUMPTIONS (continued)
Imbalan kerja karyawan Employee benefits
Nilai kini atas imbalan kerja karyawan tergantung The present value of the employee benefit
dari banyaknya faktor yang dipertimbangkan oleh obligations depends on a number of factors that
aktuaris berdasarkan beberapa asumsi. Perubahan are determined on an actuarial basis using a
atas asumsi-asumsi tersebut akan mempengaruhi number of assumptions. Any changes in these
nilai tercatat atas imbalan kerja karyawan. assumptions will impact the carrying amount of
employee benefit obligations.
Asumsi yang digunakan dalam menentukan biaya The assumptions used in determining the net cost
atau pendapatan untuk imbalan kerja termasuk or income for employee benefits include the
tingkat diskonto dan tingkat kenaikan gaji masa discount rate and rate of future salary increase.
datang. Bank menentukan tingkat diskonto yang The Bank determines the appropriate discount
tepat pada setiap akhir periode pelaporan. Tingkat rate at the end of each reporting period. The
diskonto adalah tingkat suku bunga yang harus discount rate is interest rate that should be used
digunakan untuk menentukan nilai kini atas to determine the present value of estimated future
estimasi arus kas keluar masa depan yang cash outflows expected to be required to settle
diharapkan untuk menyelesaikan kewajiban the pension obligations. In determining the
pensiun. Dalam menentukan tingkat suku bunga appropriate discount rate, the Bank considers the
yang sesuai, Bank mempertimbangkan tingkat interest rates of government bonds that are
suku bunga obligasi pemerintah yang denominated in the currency in which the benefits
didenominasikan dalam mata uang imbalan akan will be paid and that have terms to maturity
dibayar dan memiliki jangka waktu yang serupa approximating the terms of the related pension
dengan jangka waktu kewajiban pensiun yang obligation. For the rate of future salary increases,
terkait. Untuk tingkat kenaikan gaji masa datang, the Bank collects all historical data relating to
Bank mengumpulkan data historis mengenai changes in base salaries and adjusts it for future
perubahan gaji dasar pekerja dan business plans. Other key assumptions for
menyesuaikannya dengan perencanaan bisnis pension obligations are based in part on current
masa datang. Asumsi kunci kewajiban pensiun market conditions. Additional information is
lainnya sebagian ditentukan berdasarkan kondisi disclosed in Note 35.
pasar saat ini. Informasi tambahan diungkapkan
pada Catatan 35.
Alokasi harga beli dan penurunan nilai goodwill Purchase price allocation and goodwill
impairment
Akuntansi akuisisi mensyaratkan penggunaan Acquisition accounting requires extensive use of
estimasi akuntansi secara ekstensif dalam accounting estimates to allocate the purchase
mengalokasikan harga beli kepada nilai pasar wajar price to the reliable fair market values of the
yang dapat diandalkan atas aset dan liabilitas yang assets and liabilities purchased including
diperoleh termasuk goodwill. Akuisisi bisnis tertentu intangible assets. Certain business acquisitions
oleh Grup menimbulkan goodwill. Sesuai dengan of the Group have resulted in goodwill. Under
PSAK No. 22 “Kombinasi Bisnis”, goodwill tidak SFAS No. 22 “Business Combinations”, such
diamortisasi dan diuji bagi penurunan nilai setiap goodwill is not amortised and subject to an annual
tahunnya. Penjelasan lebih rinci diungkapkan dalam impairment testing. Further details are disclosed
Catatan 13. in Note 13.
Uji penurunan nilai dilakukan apabila terdapat Impairment testing is performed when certain
indikasi penurunan nilai. Dalam hal goodwill, aset impairment indicators are present. In the case of
diuji untuk penurunan nilai setiap tahunnya. Jika goodwill, such assets are subject to annual
terdapat indikasi penurunan nilai, manajemen harus impairment testing and whenever there is an
menggunakan pertimbangan dalam mengestimasi indication that such asset may be impaired,
nilai terpulihkan dan menentukan jumlah penurunan management has to use its judgment in
nilai. estimating the recoverable value and determining
the amount of impairment.
65
Page 354
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
3. PENILAIAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG MATERIAL (lanjutan) ESTIMATES, AND ASSUMPTIONS (continued)
Aset pajak tangguhan Deferred tax assets
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognised for the future
penghasilan terpulihkan pada periode mendatang recoverable taxable income arising from
sebagai akibat dari perbedaan temporer. Justifikasi temporary difference. Management’s judgment is
manajemen diperlukan untuk menentukan jumlah required to determine the amount of deferred tax
aset pajak tangguhan yang dapat diakui sesuai assets that can be recognised based upon the
dengan perkiraan waktu dan tingkat laba fiskal di likely timing and level of future taxable profits
masa mendatang sejalan dengan strategi rencana together with future tax strategy.
perpajakan ke depan.
Pajak penghasilan Income tax
Bank mengakui liabilitas atas pajak penghasilan The Bank recognised liabilities for corporate
badan berdasarkan estimasi apakah akan terdapat income tax based on estimation of whether
tambahan pajak penghasilan badan. additional corporate income tax will be due.
4. KAS 4. Cash
31 Desember/December 31
2023 2022
Jumlah Jumlah
nosional nosional
mata uang mata uang
asing asing
(nilai penuh)/ (nilai penuh)/
Notional Notional
amount in Ekuivalen amount in Ekuivalen
foreign Rupiah/ foreign Rupiah/
currencies Rupiah currencies Rupiah
(full amount) equivalent (full amount) equivalent
Rupiah 154.507 184.318 Rupiah
Mata uang asing Foreign currencies
Dolar Singapura 4.154.150 48.505 2.041.260 23.664 Singapore Dollar
Dolar Amerika Serikat 477.654 7.354 431.645 6.719 United States Dollar
Yuan Renminbi Cina 1.139.950 2.473 1.158.470 2.589 Chinese Yuan Renminbi
Jumlah 212.839 217.290 Total
Pada tanggal 31 Desember 2023 dan 2022, saldo As of December 31, 2023 and 2022, the balance
kas dalam mata uang Rupiah termasuk kas pada of cash in Rupiah include cash in ATM amounting
ATM, masing-masing sebesar Rp1.477 dan to Rp1,477 and Rp1,213, respectively.
Rp1.213.
66
Page 355
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
31 Desember/December 31
2023 2022
Rupiah 1.314.035 1.294.608 Rupiah
Dolar Amerika Serikat 238.646 186.802 United States Dollar
Jumlah 1.552.681 1.481.410 Total
Bank dipersyaratkan untuk memiliki Giro Wajib The Bank is required to maintain minimum
Minimum (GWM) dalam mata uang Rupiah dalam statutory reserves (GWM) in Rupiah for
kegiatannya sebagai bank umum dan GWM dalam conventional banking and statutory reserves in
mata uang asing dalam kegiatannya melakukan foreign currencies for foreign exchange
transaksi mata uang asing. transactions.
Pada tanggal 31 Desember 2022 dan 2023, Giro As of December 31, 2022 and 2023, the Bank's
Wajib Minimum (GWM) Bank telah sesuai dengan Minimum Statutory Reserve complies with Bank
Peraturan Bank Indonesia (PBI) No.15/15/PBI/2013 Indonesia (BI) Regulation No. 15/15/PBI/2013
tanggal 24 Desember 2013 tentang Giro Wajib dated December 24, 2013 which have been
Minimum Bank Umum Dalam Rupiah dan Valuta further amended with PBI No. 18/3/PBI/2016
Asing Bagi Bank Umum Konvensional sebagaimana dated March 10, 2016, PBI No. 18/14/PBI/2016
telah diubah beberapa kali dengan PBI dated August 18, 2016, PBI No. 19/6/PBI/2017
No.18/3/PBI/2016 tanggal 10 Maret 2016, PBI dated April 17, 2017, PBI No. 20/3/PBI/2018
No.18/14/PBI/2016 tanggal 18 Agustus 2016, PBI dated March 29, 2018, PBI No. 23/16/PBI/2021
No. 19/6/PBI/2017 tanggal 17 April 2017, PBI dated December 21, 2021, PBI No.
No. 20/3/PBI/2018 tanggal 29 Maret 2018, PBI No. 24/4/PBI/2022 dated February 25, 2022 and
23/16/PBI/2021 tanggal 21 Desember 2021, PBI No. Regulation of Members of The Board of
24/4/PBI/2022 tanggal 25 Februari 2022 dan Governors (PADG) No.20/30/PADG/2018 dated
Peraturan Anggota Dewan Gubernur (PADG) No. November 30, 2018, No. 21/14/PADG/2019 dated
20/30/PADG/2018 tanggal 30 November 2018, June 26, 2019, No. 21/27/PADG/2019 dated
No.21/14/PADG/2019 tanggal 26 Juni 2019, No. December 26, 2019, No. 22/2/PADG/2020 dated
21/27/PADG/2019 tanggal 26 Desember 2019, No. March 13, 2020, No. 22/10/PADG/2020 dated
22/2/PADG/2020 tanggal 13 Maret 2020, No. April 30, 2020, 22/19/PADG/2020 dated July 29,
22/10/PADG/2020 tanggal 30 April 2020, PADG 2020, No. 24/3/PADG/2022 dated March 1, 2022,
22/19/PADG/2020 tanggal 29 Juli 2020, 24/8/PADG/2022 dated June 30, 2022,
24/3/PADG/2022 tanggal 1 Maret 2022, 24/14/PADG/2022 dated October 31, 2022, and
24/8/PADG/2022 tanggal 30 Juni 2022, the latest PADG No. 12 year 2023 dated
24/14/PADG/2022 tanggal 31 Oktober 2022, dan September 27, 2023 “Minimum Statutory Reserve
PADG No. 12 Tahun 2023 tanggal 27 September Requirements in Rupiah and Foreign Currencies
2023 perubahan terakhir tentang “Giro Wajib of Conventional Commercial Banking, Sharia
Minimum dalam Rupiah dan Valuta Asing bagi Bank Commercial Banking and Sharia Business Units”
Umum Konvensional, Bank Umum Syariah, dan Unit concerning Minimum Statutory Reserve of
Usaha Syariah” yang masing-masing sebesar: Commercial Banks with BI in Rupiah and foreign
currency, which are as follows:
31 Desember/December 31
2023 2022
Rupiah Rupiah
- GWM Primer Primary Minimum Statutory Reserve -
Harian*) 0,00% 0,00% Daily*)
Rata-rata**) 4,00% 9,00% Average**)
- PLM***) 5,00% 6,00% PLM***) -
Mata uang asing 4,00% 4,00% Foreign Currencies
*) Mulai berlaku per 1 September 2022 *) Effective on September 1, 2022
**) Berdasarkan PADG Nomor 12 Tahun 2023 tanggal 27 September 2023. **) Based on PADG No. 12 year 2023 dated September 27, 2023.
Penyesuaian kebijakan pengaturan GWM Rupiah menjadi 4% mulai Adjusting Minimum Statuory Reserve to 4% (four percent) effective on
berlaku tanggal 1 Oktober 2023. October 1, 2023.
***) Berdasarkan Peraturan Anggota Dewan Gubernur (PADG) Nomor 18 ***) Based on Regulation of Members of The Board of Governors (PADG)
Tahun 2023 tentang Rasio Intermediasi Makroprudensial dan Penyangga No 18 2023 concerning Macroprudential Liquidity Buffer (PLM) for
Likuiditas Makroprudensial bagi Bank Umum Konvensional, Bank Umum Conventional Commercial Banks, Sharia Banks and Sharia Business
Syariah, dan Unit Usaha Syariah, PLM ditetapkan 5% mulai berlaku Unit, PLM is 5% (five percent) effective on December 1, 2023.
tanggal 1 Desember 2023.
67
Page 356
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK
INDONESIA (continued)
GWM Primer adalah simpanan minimum yang wajib Primary Minimum Statutory Reserve is a minimum
dipelihara oleh Bank dalam bentuk saldo Rekening reserve that should be maintained by the Bank in
Giro pada Bank Indonesia. GWM Sekunder dan Current Accounts with Bank Indonesia.
Penyangga Likuiditas Makroprudensial (PLM) Secondary Minimum Statutory Reserve and
adalah cadangan minimum yang wajib dipelihara Macroprudential Liquidity Buffer are the minimum
oleh Bank berupa SBI, Surat Utang Negara (SUN), reserves that should be maintained by the Bank
Surat Berharga Syariah Negara (SBSN) dan/atau which comprised of Certificates of Bank Indonesia
excess reserve yang merupakan kelebihan saldo (SBI), Government Debenture Debt (SUN), Sharia
Rekening Giro Rupiah Bank dari GWM Primer, Government Securities (SBSN), and/or excess
GWM LFR dan Rasio Intermediasi Makroprudensial reserve which represent the excess reserve of the
(RIM). Bank’s Current Accounts in Rupiah over the
Primary Minimum Statutory Reserve, Minimum
Statutory Reserve on LFR and Macroprudential
Intermediation Ratio (RIM).
GWM LFR dan RIM adalah tambahan simpanan Minimum Statutory Reserve on LFR and RIM is
minimum yang wajib dipelihara oleh Bank dalam the additional reserve that should be maintained
bentuk saldo Rekening Giro pada Bank Indonesia, by the Bank in the form of Current Accounts with
jika LFR dan RIM Bank dibawah minimum LFR dan Bank Indonesia, if the Bank’s LFR and RIM is
RIM target Bank Indonesia (84%) atau jika di atas below the minimum of LFR and RIM targeted by
maksimum LFR dan RIM target BI (94%) dan Bank Indonesia (84%) or if the Bank’s LFR and
Kewajiban Penyediaan Modal Minimum (KPMM) RIM is above the maximum of LFR and RIM
Bank lebih kecil dari KPMM Insentif BI sebesar 14%. targeted by BI (94%) and the Capital Adequacy
Ratio (CAR) is below BI requirement of 14%.
Rasio Giro Wajib Minimum untuk rekening Rupiah The ratios of the Bank’s Minimum Statutory
dan mata uang asing Bank pada tanggal Reserve requirement for its Rupiah and foreign
31 Desember 2023 dan 2022 masing-masing currencies accounts as of December 31, 2023
sebesar: and 2022, respectively, are as follows:
31 Desember/December 31
2023 2022
Rupiah Rupiah
- GWM Primer Primary Minimum Statutory Reserve -
Harian 8,95% 9,62% Daily
Rata-rata 8,83% 9,46% Average
- PLM 29,32% 6,87% PLM -
Mata uang asing 4,38% 4,58% Foreign currencies
Bank telah memenuhi ketentuan Bank Indonesia The Bank has fulfilled Bank Indonesia regulation
yang berlaku tentang Giro Wajib Minimum Bank regarding Statutory Reserves Requirement on
Umum pada tanggal 31 Desember 2023 dan 2022. Commercial Banks as of December 31, 2023
and 2022.
68
Page 357
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan mata uang: a. By currencies:
31 Desember/December 31
2023 2022
Jumlah Jumlah
nosional nosional
mata uang mata uang
asing asing
(nilai penuh)/ (nilai penuh)/
Notional Notional
amount in Ekuivalen amount in Ekuivalen
foreign Rupiah/ foreign Rupiah/
currencies Rupiah currencies Rupiah
(full amount) equivalent (full amount) equivalent
Rupiah - 39.990 - 34.781 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 2.720.846 41.893 11.508.627 179.161 United States Dollar
Yuan Renminbi Cina 13.587.353 29.478 6.729.140 15.036 Chinese Yuan Renminbi
Dolar Singapura 1.679.205 19.607 3.096.418 35.896 Singapore Dollar
Poundsterling
Britania Raya 189.384 3.717 6.590 124 Great Britain Poundsterling
Dolar Australia 156.687 1.647 58.192 615 Australian Dollar
Yen Jepang 14.978.638 1.631 702.165 83 Japanese Yen
Euro Eropa 66.609 1.135 818.269 13.568 European Euro
Dolar Hong Kong 22.211 44 85.934 172 Hong Kong Dollar
99.152 244.655
Jumlah 139.142 279.436 Total
Cadangan kerugian Allowance for
penurunan nilai (126) (282) impairment losses
Neto 139.016 279.154 Net
b. Berdasarkan kolektibilitas: b. By collectability:
Seluruh giro pada bank lain pada tanggal All current accounts with other banks as of
31 Desember 2023 dan 2022 digolongkan December 31, 2023 and 2022 were
sebagai “lancar”. classified as “current”.
c. Berdasarkan transaksi dengan pihak berelasi c. By related parties and third parties:
dan pihak ketiga:
31 Desember/December 31
2023 2022
Pihak berelasi Related parties
Mata uang asing Foreign currencies
China Construction Bank China Construction Bank
Corporation, Cabang Shenzhen 17.877 7.302 Corporation, Shenzhen Branch
China Construction Bank China Construction Bank
Corporation, Cabang Zhejiang 7.470 2.679 Corporation, Zhejiang Branch
China Construction Bank China Construction Bank
Corporation, Cabang London 3.717 124 Corporation, London Branch
China Construction Bank China Construction Bank
Corporation, Cabang Tokyo 1.631 83 Corporation, Tokyo Branch
30.695 10.188
69
Page 358
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
c. Berdasarkan transaksi dengan pihak berelasi c. By related parties and third parties:
dan pihak ketiga: (lanjutan) (continued)
31 Desember/December 31
2023 2022
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Central Asia Tbk 24.953 23.629 PT Bank Central Asia Tbk
PT Bank Maybank Indonesia Tbk 12.832 11.072 PT Bank Maybank Indonesia Tbk
PT Bank Mandiri (Persero) Tbk 2.166 34 PT Bank Mandiri (Persero) Tbk
PT Bank CIMB Niaga Tbk 39 47 PT Bank CIMB Niaga Tbk
Mata uang asing Foreign currencies
J.P Morgan Chase Bank, J.P. Morgan Chase Bank,
New York 22.802 - New York
United Overseas Bank Ltd. United Overseas Bank Ltd.
Singapura 19.607 35.896 Singapore
Citibank N.A., New York 8.861 159.816 Citibank N.A., New York
PT Bank Central Asia Tbk 6.188 7.782 PT Bank Central Asia Tbk
PT Bank ICBC Indonesia 4.130 5.055 PT Bank ICBC Indonesia
PT Bank Mandiri (Persero) Tbk 3.086 3.127 PT Bank Mandiri (Persero) Tbk
ANZ Australia 1.648 614 ANZ Australia
Citibank N.A., London 1.135 13.568 Citibank N.A., London
Standard Chartered Bank, Standard Chartered Bank,
Amerika Serikat 956 8.436 United States
Standard Chartered Bank, Standard Chartered Bank,
Hong Kong 44 172 Hong Kong
108.447 269.248
Jumlah 139.142 279.436 Total
Cadangan kerugian
penurunan nilai (126) (282) Allowance for impairment losses
Neto 139.016 279.154 Net
d. Tingkat suku bunga efektif rata-rata setahun: d. Average effective interest rates per annum:
31 Desember/December 31
2023 2022
Rupiah 0,69% 0,19% Rupiah
Mata uang asing 1,40% 0,37% Foreign currencies
70
Page 359
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
e. Perubahan nilai tercatat bruto atas giro pada e. Movements in the gross carrying amount of
bank lain adalah sebagai berikut: current accounts with other banks are as
follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal Initial gross carrying amount
1 Januari 2022 659.148 - - 659.148 January 1, 2022
Aset baru 2.723 - - 2.723 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (475) - - (475) (excluding write-offs)
Pengukuran kembali (381.960) - - (381.960) Remeasurement
31 Desember 2022 279.436 - - 279.436 December 31, 2022
Aset baru 22.802 - - 22.802 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (3) - - (3) (excluding write-offs)
Pengukuran kembali (163.093) - - (163.093) Remeasurement
31 Desember 2023 139.142 - - 139.142 December 31, 2023
f. Perubahan cadangan kerugian penurunan nilai f. Movements in the allowance for impairment
atas giro pada bank lain adalah sebagai berikut: losses amount of current accounts with other
banks are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Saldo awal Beginning balance
1 Januari 2022 925 - - 925 January 1, 2022
Aset baru 3 - - 3 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (1) - - (1) (excluding write-offs)
Pengukuran kembali (645) - - (645) Remeasurement
31 Desember 2022 282 - - 282 December 31, 2022
Aset baru 19 - - 19 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) - - - - (excluding write-offs)
Pengukuran kembali (175) - - (175) Remeasurement
31 Desember 2023 126 - - 126 December 31, 2023
g. Manajemen Bank berkeyakinan bahwa jumlah g. The Bank’s management believes that the
cadangan kerugian penurunan nilai adalah allowance for impairment losses is adequate
cukup untuk menutup kemungkinan kerugian to cover possible impairment losses from
penurunan nilai atas tidak tertagihnya giro pada uncollectible current accounts with other
bank lain. banks.
71
Page 360
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN OTHER BANKS
a. Berdasarkan jenis dan mata uang: a. By type and currency:
31 Desember/December 31
2023 2022
Rupiah Rupiah
Pihak ketiga Third parties
Bank Indonesia - 234.935 Bank Indonesia
PT. Bank DBS Indonesia 45.000 - PT. Bank DBS Indonesia
45.000 234.935
Mata uang asing Foreign currencies
Pihak ketiga Third parties
Bank Indonesia - 389.281 Bank Indonesia
- 389.281
Jumlah 45.000 624.216 Total
Cadangan kerugian penurunan nilai (1) - Allowance for impairment losses
Jumlah 44.999 624.216 Total
b. Tingkat suku bunga efektif setahun: b. Effective interest rates per annum:
31 Desember/December 31
2023 2022
Rupiah 2,87% - 5,88% 3,16% - 5,19% Rupiah
Mata uang asing 1,60% - 4,34% 0,14% - 1,62% Foreign currencies
c. Sisa umur hingga jatuh tempo atas penempatan c. The remaining period until maturity on
pada Bank Indonesia dan bank lain adalah di placements with Bank Indonesia and other
bawah 3 bulan. banks is under 3 months.
d. Perubahan nilai tercatat bruto atas penempatan d. Movements in the gross carrying amount of
pada Bank Indonesia dan bank lain adalah placement with Bank Indonesia and other
sebagai berikut: banks are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal Initial gross carrying amount
1 Januari 2022 1.771.492 - - 1.771.492 January 1, 2022
Aset baru 624.216 - - 624.216 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (1.771.492) - - (1.771.492) (excluding write-offs)
31 Desember 2022 624.216 - - 624.216 December 31, 2022
Aset baru 45.000 - - 45.000 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (624.216) - - (624.216) (excluding write-offs)
31 Desember 2023 45.000 - - 45.000 December 31, 2023
72
Page 361
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
e. Perubahan cadangan kerugian penurunan nilai e. The movements in the allowance for
atas penempatan pada Bank Indonesia dan impairment losses of placement with Bank
bank lain adalah sebagai berikut: Indonesia and other banks are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Saldo awal Beginning balance
1 Januari 2022 - - - - January 1, 2022
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) - - - - (excluding write-offs)
31 Desember 2022 - - - - December 31, 2022
Aset baru 1 - - 1 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) - - - - (excluding write-offs)
31 Desember 2023 1 - - 1 December 31, 2023
f. Manajemen Bank berkeyakinan bahwa jumlah f. The Bank’s management believes that the
cadangan kerugian penurunan nilai adalah allowance for impairment losses is adequate
cukup untuk menutup kemungkinan kerugian to cover possible impairment losses from
penurunan nilai atas tidak tertagihnya uncollectible placement with Bank Indonesia
penempatan pada Bank Indonesia dan bank and other banks.
lain.
8. EFEK-EFEK 8. MARKETABLE SECURITIES
a. Berdasarkan tujuan, jenis, dan mata uang: a. By purpose, type and currency:
31 Desember/December 31
2023 2022
Diukur pada Measured at fair value
nilai wajar melalui penghasilan through other
komprehensif lain comprehensive income
Pihak ketiga Third parties
Efek-efek pemerintah Government Securities
Obligasi Negara IDSR180924364S 498.299 - Government bonds IDSR180924364S
Obligasi Negara IDSR081124364S 300.068 - Government bonds IDSR081124364S
Obligasi Negara PBS031 226.224 222.491 Government bonds PBS031
Obligasi Negara IDSR190624273S 199.519 - Government bonds IDSR190624273S
Obligasi Negara SR015 181.588 181.132 Government bonds SR015
Obligasi Negara IDSR111024364S 149.454 - Government bonds IDSR111024364S
Obligasi Pemerintah 017 131.942 134.089 Government bonds 017
Obligasi Pemerintah 033 129.826 129.727 Government bonds 033
Obligasi Negara PBS036 129.221 - Government bonds PBS036
Obligasi Negara IDSR131224364S 109.996 - Government bonds IDSR131224364S
Obligasi Negara IDSR301024364S 105.076 - Government bonds IDSR301024364S
Obligasi Negara IDSR181024364S 104.790 - Government bonds IDSR181024364S
Obligasi Negara IDSR070824273S 100.058 - Government bonds IDSR070824273S
Obligasi Negara IDSR131124364S 100.053 - Government bonds IDSR131124364S
Obligasi Negara IDSR041224364S 100.019 - Government bonds IDSR041224364S
Obligasi Negara IDSR170524182S 99.994 - Government bonds IDSR170524182S
Obligasi Negara IDSR210824273S 99.972 - Government bonds IDSR210824273S
Obligasi Negara IDSR220524182S 99.963 - Government bonds IDSR220524182S
Obligasi Negara IDSR030724273S 99.787 - Government bonds IDSR030724273S
73
Page 362
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
a. Berdasarkan tujuan, jenis, dan mata uang: a. By purpose, type and currency: (continued)
(lanjutan)
31 Desember/December 31
2023 2022
Diukur pada Measured at fair value
nilai wajar melalui penghasilan through other
komprehensif lain comprehensive income
Pihak ketiga Third parties
Efek-efek pemerintah Government Securities
Obligasi Negara IDSR041024364S 99.663 - Government bonds IDSR041024364S
Obligasi Negara IDSR090824273S 90.020 - Government bonds IDSR090824273S
Obligasi Negara IDSR061224364S 80.030 - Government bonds IDSR061224364S
Obligasi Negara IDSR161024364S 79.734 - Government bonds IDSR161024364S
Obligasi Negara IDSR030524182S 70.017 - Government bonds IDSR030524182S
Obligasi Negara IDSR020824273S 60.034 - Government bonds IDSR020824273S
Obligasi Negara IDSR020524183S 59.988 - Government bonds IDSR020524183S
Obligasi Negara IDSR271124364S 51.566 - Government bonds IDSR271124364S
Obligasi Negara IDSR011124364S 50.049 - Government bonds IDSR011124364S
Obligasi Negara IDSR070624182S 50.021 - Government bonds IDSR070624182S
Obligasi Negara IDSR050624182S 50.019 - Government bonds IDSR050624182S
Obligasi Negara IDSR251024364S 50.017 - Government bonds IDSR251024364S
Obligasi Negara IDSR280824273S 49.994 - Government bonds IDSR280824273S
Obligasi Negara IDSR270524185S 49.977 - Government bonds IDSR270524185S
Obligasi Negara IDSR201124364S 49.972 - Government bonds IDSR201124364S
Obligasi Negara IDSR290524182S 49.971 - Government bonds IDSR290524182S
Obligasi Negara IDSR230824273S 49.968 - Government bonds IDSR230824273S
Obligasi Negara SPN12240201 49.956 - Government bonds SPN12240201
Obligasi Negara IDSR231024364S 49.910 - Government bonds IDSR231024364S
Obligasi Negara IDSR310724273S 45.005 - Government bonds IDSR310724273S
Obligasi Negara FR0077 29.761 29.449 Government bonds FR0077
Obligasi Negara ORI019 19.947 19.822 Government bonds ORI019
Obligasi Negara IDSR140824273S 6.685 - Government bonds IDSR140824273S
Obilgasi Negara SPN12231207 - 100.034 Goverment Bonds SPN12231207
Obligasi Negara SPN12230105 - 46.737 Government bonds SPN12230105
Obligasi Negara FR0063 - 39.752 Government bonds FR0063
Total efek-efek yang Total marketable securities measured
diukur pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain 4.208.153 903.233 comprehensive income
Diskonto yang belum diamortisasi (152.164) (9.283) Unamortised discount
Jumlah 4.055.989 893.950 Total
Diukur pada Measured at
biaya perolehan di amortisasi amortized cost
Pihak ketiga Third parties
Rupiah Rupiah
Efek-efek pemerintah Government securities
Obligasi Negara PBSG001 250.000 - Government Bonds PBSG001
Obligasi korporasi Corporate bonds
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 200.000 - (Persero) Tbk
Total efek-efek yang Total marketable securities measured
diukur pada biaya perolehan at fair value amortized cost
di amortisasi 450.000 -
Premi yang belum diamortisasi 630 - Unamortised premium
Jumlah 450.630 - Total
Jumlah efek-efek 4.506.619 893.950 Total marketable securities
Cadangan kerugian penurunan nilai (152) - Allowance for impairment losses
Neto 4.506.467 893.950 Net
74
Page 363
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
b. Berdasarkan penerbit: b. By issuer:
31 Desember/December 31
2023 2022
Pemerintah 4.458.153 903.233 Government
Korporasi 200.000 - Corporate
Jumlah 4.658.153 903.233 Total
Diskonto yang belum diamortisasi (151.534) (9.283) Unamortised discount
Cadangan kerugian penurunan nilai (152) - Allowance for impairment losses
Jumlah 4.506.467 893.950 Total
c. Berdasarkan kolektibilitas: c. By collectability:
Seluruh efek-efek milik Bank pada tanggal All of the marketable securities owned by the
31 Desember 2023 dan 2022 diklasifikasikan Bank as of December 31, 2023 and 2022 are
sebagai “lancar”. classified as “current”.
d. Berdasarkan peringkat: d. By rating:
Peringkat obligasi korporasi yang dimiliki oleh The rating of corporate bonds owned by the
Bank dari PT Pemeringkat Efek Indonesia dan Bank is rated by PT Pemeringkat Efek
PT Fitch Ratings Indonesia, pihak ketiga, Indonesia and PT Fitch Ratings Indonesia,
adalah sebagai berikut: third parties, as follows:
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
Pemeringkat/ December 31, December 31, December 31, December 31,
Rated by 2023 2022 2023 2022
PT Bank Rakyat Indonesia Fitch Ratings Indonesia BBB- - 200.000 - PT Bank Rakyat Indonesia
(Persero) Tbk PT Pemeringkat Efek (Persero) Tbk
Indonesia idAAA - 200.000 -
Jumlah 200.000 - Total
e. Tingkat suku bunga efektif setahun: e. Effective interest rates per annum:
31 Desember/December 31
2023 2022
Rupiah Rupiah
Obligasi korporasi 4,75% - 5,59% - Corporate bonds
Efek-efek pemerintah 2,06% - 6,10% 3,04% - 5,93% Government securities
f. Perubahan nilai tercatat bruto atas efek-efek f. Movements in the gross carrying amount of
adalah sebagai berikut: securities are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal Initial gross carrying amount
1 Januari 2022 1.108.110 - - 1.108.110 January 1, 2022
Aset baru 634.925 - - 634.925 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (842.897) - - (842.897) (excluding write-offs)
Pengukuran kembali (6.188) - - (6.188) Remeasurement
31 Desember 2022 893.950 - - 893.950 December 31, 2022
Aset baru 3.791.073 - - 3.791.073 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (186.523) - - (186.523) (excluding write-offs)
Pengukuran kembali 8.119 - - 8.119 Remeasurement
31 Desember 2023 4.506.619 - - 4.506.619 December 31, 2023
75
Page 364
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
g. Perubahan cadangan kerugian penurunan nilai g. The movements in the allowance for
atas efek-efek adalah sebagai berikut: impairment losses of securities are as
follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Saldo awal Beginning balance
1 Januari 2022 - - - - January 1, 2022
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) - - - - (excluding write-offs)
31 Desember 2022 - - - - December 31, 2022
Aset baru 152 - - 152 New assets originated
Aset dihentikan - - - -
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) - - - - (excluding write-offs)
31 Desember 2023 152 - - 152 December 31, 2023
h. Manajemen Bank berkeyakinan bahwa jumlah h. The Bank’s management believes that the
cadangan kerugian penurunan nilai adalah allowance for impairment losses is adequate
cukup untuk menutup kemungkinan kerugian to cover possible impairment losses from
penurunan nilai atas tidak tertagihnya efek- uncollectible securities.
efek.
9. TAGIHAN ATAS EFEK-EFEK YANG DIBELI 9. RECEIVABLES ON SECURITIES PURCHASED
DENGAN JANJI DIJUAL KEMBALI UNDER AGREEMENTS TO RESALE
a. Berdasarkan jenis a. By type
Tagihan atas efek-efek yang dibeli dengan janji Receivables on securities purchased under
dijual kembali (reverse repo) adalah dalam mata agreements to resale (reverse repo) were
uang Rupiah dan ditempatkan pada Bank denominated in Rupiah and are placed at
Indonesia pada tanggal 31 Desember 2023 dan Bank Indonesia as of December 31, 2023 and
2022 terdiri dari: 2022 consist of:
31 Desember 2023/December 31, 2023
Jenis Pendapatan
obligasi Nilai bunga yang
pemerintah/ Nilai penjualan belum Nilai
Type of nominal/ Tanggal Nilai beli/ kembali/ direalisasi/ tercatat/
Nasabah/ government Nominal dimulai/ Jatuh tempo/ Purchase Resale Unrealized Carrying
Counterparty bonds amount Start date Due date amount amount interest value
Bank Indonesia/ 11 Okt 2023/ 10 Jan 2024/
Bank Indonesia VR0052 300.000 Oct 11, 2023 Jan 10, 2024 288.862 293.353 444 292.909
Bank Indonesia/ 04 Okt 2023/ 3 Jan 2024/
Bank Indonesia VR0052 300.000 Oct 04, 2023 Jan 3, 2024 287.648 292.119 98 292.021
Bank Indonesia/ 25 Okt 2023/ 24 Jan 2024/
Bank Indonesia VR0063 180.000 Oct 25, 2023 Jan 24, 2024 172,074 174.850 701 174.149
Bank Indonesia/ 25 Okt 2023/ 24 Jan 2024/
Bank Indonesia VR0063 120.000 Oct 25, 2023 Jan 24, 2024 114.716 116.572 470 116.102
Bank Indonesia/ 18 Okt 2023/ 17 Jan 2024/
Bank Indonesia VR0056 100.000 Oct 18, 2023 Jan 17, 2024 96.031 97.524 262 97.262
Bank Indonesia/ 15 Nov 2023/ 15 Feb 2024/
Bank Indonesia VR0064 100.000 Nov 15, 2023 Feb 15, 2024 96.004 97.574 768 96.806
1.100.000 1.055.335 1.071.992 2.743 1.069.249
76
Page 365
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. TAGIHAN ATAS EFEK-EFEK YANG DIBELI 9. RECEIVABLES ON SECURITIES PURCHASED
DENGAN JANJI DIJUAL KEMBALI (lanjutan) UNDER AGREEMENTS TO RESALE
(continued)
a. Berdasarkan jenis (lanjutan) a. By type (continued)
Tagihan atas efek-efek yang dibeli dengan janji Receivables on securities purchased under
dijual kembali (reverse repo) adalah dalam mata agreements to resale (reverse repo) were
uang Rupiah dan ditempatkan pada Bank denominated in Rupiah and are placed at
Indonesia pada tanggal 31 Desember 2023 dan Bank Indonesia as of December 31, 2023 and
2022 terdiri dari: (lanjutan) 2022 consist of: (continued)
31 Desember 2022/December 31, 2022
Jenis Pendapatan
obligasi Nilai bunga yang
pemerintah/ Nilai penjualan belum Nilai
Type of nominal/ Tanggal Nilai beli/ kembali/ direalisasi/ tercatat/
Nasabah/ government Nominal dimulai/ Jatuh tempo/ Purchase Resale Unrealized Carrying
Counterparty bonds amount Start date Due date amount amount interest value
Bank Indonesia/ 5 Des 2022/ 2 Jan 2023/
Bank Indonesia VR0074 300.000 Dec 5, 2022 Jan 2, 2023 287.452 288.746 46 288.700
Bank Indonesia/ 4 Feb 2022/ 3 Feb 2023/
Bank Indonesia VR0069 290.000 Feb 4, 2022 Feb 3, 2023 269.741 278.633 806 277.827
Bank Indonesia/ 20 Des 2022/ 17 Jan 2023/
Bank Indonesia VR0041 280.000 Dec 20, 2022 Jan 17, 2023 259.857 261.027 669 260.358
Bank Indonesia/ 16 Des 2022/ 13 Jan 2023/
Bank Indonesia VR0056 250.000 Dec 16, 2022 Jan 13, 2023 238.311 239.384 460 238.924
Bank Indonesia/ 06 Des 2022/ 3 Jan 2023/
Bank Indonesia VR0084 250.000 Dec 06, 2022 Jan 3, 2023 231.561 232.604 74 232.530
Bank Indonesia/ 27 Des 2022/ 24 Jan 2023/
Bank Indonesia VR0037 230.000 Dec 27, 2022 Jan 24, 2023 214.125 215.127 824 214.303
Bank Indonesia/ 28 Des 2022/ 25 Jan 2023/
Bank Indonesia VR0064 220.000 Dec 28, 2022 Jan 25, 2023 209.261 210.241 840 209.401
Bank Indonesia/ 12 Des 2022/ 09 Jan 2023/
Bank Indonesia VR0073 220.000 Dec 12, 2022 Jan 09, 2023 205.639 206.565 265 206.300
Bank Indonesia/ 23 Des 2022/ 20 Jan 2023/
Bank Indonesia FR0096 210.000 Dec 23, 2022 Jan 20, 2023 200.432 201.370 637 200.733
Bank Indonesia/ 21 Des 2022/ 04 Jan 2023/
Bank Indonesia VR0045 210.000 Dec 21, 2022 Jan 04, 2023 196.689 197.111 90 197.021
Bank Indonesia/ 26 Des 2022/ 23 Jan 2023/
Bank Indonesia VR0044 200.000 Dec 26, 2022 Jan 23, 2023 192.465 193.366 708 192.658
Bank Indonesia/ 23 Des 2022/ 20 Jan 2023/
Bank Indonesia FR0096 200.000 Dec 23, 2022 Jan 20, 2023 190.888 191.780 605 191.175
Bank Indonesia/ 7 Des 2022/ 04 Jan 2023/
Bank Indonesia VR0068 200.000 Dec 7, 2022 Jan 04, 2023 185.082 185.915 89 185.826
Bank Indonesia/ 14 Des 2022/ 11 Jan 2023/
Bank Indonesia VR0080 180.000 Dec 14, 2022 Jan 11, 2023 166.929 167.681 268 167.413
Bank Indonesia/ 7 Jan 2022/ 6 Jan 2023/
Bank Indonesia FR0088 150.000 Jan 7, 2022 Jan 6, 2023 138.855 143.447 63 143.384
Bank Indonesia/ 9 Des 2022/ 6 Jan 2023/
Bank Indonesia VR0078 150.000 Dec 9, 2022 Jan 6, 2023 142.752 143.395 115 143.280
Bank Indonesia/ 19 Des 2022/ 16 Jan 2023/
Bank Indonesia VR0072 140.000 Dec 19, 2022 Jan 16, 2023 131.029 131.619 316 131.303
Bank Indonesia/ 29 Des 2022/ 26 Jan 2023/
Bank Indonesia VR0072 150.000 Dec 29, 2022 Jan 26, 2023 138.729 139.380 581 138.799
Bank Indonesia/ 30 Des 2022/ 27 Jan 2023/
Bank Indonesia VR0065 130.000 Dec 30, 2022 Jan 27, 2023 120.452 121.017 525 120.492
Bank Indonesia/ 27 Des 2022/ 10 Jan 2023/
Bank Indonesia VR0048 100.000 Dec 27, 2022 Jan 10, 2023 96.007 96.222 138 96.084
Bank Indonesia/ 28 Des 2022/ 11 Jan 2023/
Bank Indonesia VR0075 80.000 Dec 28, 2022 Jan 11, 2023 74.964 75.132 120 75.012
Bank Indonesia/ 08 Apr 2022/ 6 Jan 2023/
Bank Indonesia FR0065 37.500 Apr 08, 2022 Jan 6, 2023 34.814 35.661 16 35.645
4.177.500 3.926.034 3.955.423 8.255 3.947.168
77
Page 366
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
9. TAGIHAN ATAS EFEK-EFEK YANG DIBELI 9. RECEIVABLES ON SECURITIES PURCHASED
DENGAN JANJI DIJUAL KEMBALI (lanjutan) UNDER AGREEMENTS TO RESALE
(continued)
b. Berdasarkan periode jatuh tempo b. By maturity period
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale
akan diselesaikan dalam waktu tidak lebih dari agreements will be settled no more than 12
12 bulan setelah tanggal laporan posisi months after the date of financial positions.
keuangan.
c. Tingkat suku bunga efektif rata-rata setahun c. Average effectives interest rate per annum
31 Desember/December 31
2023 2022
Rupiah 6,02% 3,79% Rupiah
d. Berdasarkan kolektibilitas d. By collectability
Efek-efek yang dibeli dengan janji dijual All of the securities purchased under resale
kembali (reverse repo) milik Bank pada tanggal agreements (reverse repo) owned by the
31 Desember 2023 dan 2022 diklasifikasikan Bank as of December 31, 2023 and 2022 are
sebagai “lancar”. classified as “current”.
e. Manajemen berpendapat bahwa cadangan e. Management believes that no allowance for
kerugian penurunan nilai tidak diperlukan. impairment losses is necessary.
10. KREDIT YANG DIBERIKAN 10. LOANS
a. Berdasarkan jenis kredit a. By type of loans
31 Desember/December 31
2023 2022
Pihak berelasi Related parties
Rupiah Rupiah
Konsumer 5.567 6.302 Consumer
Karyawan 1.002 1.374 Employee
6.569 7.676
Pihak ketiga Third parties
Rupiah Rupiah
Modal kerja 7.850.352 6.368.535 Working capital
Investasi 3.809.276 3.532.969 Investment
Konsumer 1.467.634 1.492.931 Consumer
Karyawan 2.185 3.456 Employee
13.129.447 11.397.891
Mata uang asing Foreign currencies
Investasi 5.237.672 3.461.785 Investment
Modal Kerja 986.290 1.819.933 Working capital
6.223.962 5.281.718
Jumlah 19.359.978 16.687.285 Total
Cadangan kerugian penurunan nilai (513.561) (454.746) Allowance for impairment losses
Neto 18.846.417 16.232.539 Net
78
Page 367
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. KREDIT YANG DIBERIKAN (lanjutan) 10. LOANS (continued)
b. Berdasarkan sektor ekonomi b. By economic sectors
31 Desember/December 31
2023 2022
Rupiah Rupiah
Perantara keuangan 3.078.621 2.528.658 Financial intermediary
Industri pengolahan 1.961.844 1.817.249 Manufacturing
Perdagangan besar dan eceran 1.768.553 1.202.719 Wholesale and retail
Rumah tangga 1.476.387 1.504.064 Household
Real estate, usaha persewaan,
dan jasa perusahaan 1.436.608 1.024.700 Real estate, leasing and services
Konstruksi 1.234.578 1.210.305 Construction
Transportasi, pergudangan, dan Transportation, warehousing and
komunikasi 871.094 684.254 communication
Penyediaan akomodasi dan Accommodation, food and
penyediaan makan minum 540.177 721.527 beverages
Listrik, gas, dan air 398.635 319.230 Electricity, gas and water
Pertambangan 142.879 214.223 Mining
Jasa kesehatan dan kegiatan
sosial 122.916 110.084 Health and social services
Pertanian, perburuan, dan kehutanan 42.408 40.388 Agriculture, hunting and forestry
Jasa pendidikan 35.230 5.995 Education services
Perikanan 17.585 7.693 Fishing
Jasa kemasyarakatan, sosial
budaya, hiburan, dan Social, art, culture, recreation
jasa lainnya 7.654 13.630 and other services
Lain-lain 847 848 Others
13.136.016 11.405.567
Mata uang asing Foreign currencies
Listrik, gas, dan air 2.901.778 2.311.861 Electricity, gas and water
Industri pengolahan 2.242.691 1.300.689 Manufacturing
Pertambangan dan penggalian 591.223 879.522 Mining and excavation
Real estate, usaha persewaan,
dan jasa perusahaan 416.544 382.548 Real estate, leasing and services
Perantara keuangan 37.352 - Financial intermediary
Transportasi, pergudangan, dan Transportation, warehousing
komunikasi 32.624 - and communication
Perdagangan besar dan eceran 1.750 81.624 Wholesale and retail
Pertanian Perburuan dan Kehutana n - 325.474 Agriculture and Forestry
6.223.962 5.281.718
Jumlah 19.359.978 16.687.285 Total
Cadangan kerugian penurunan nilai (513.561) (454.746) Allowance for impairment losses
Neto 18.846.417 16.232.539 Net
79
Page 368
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. KREDIT YANG DIBERIKAN (lanjutan) 10. LOANS (continued)
c. Berdasarkan jatuh tempo perjanjian kredit c. By maturity based on loan agreement
31 Desember/December 31
2023 2022
Rupiah Rupiah
≤ 1 tahun 5.084.037 4.169.341 ≤ 1 year
> 1 - 2 tahun 980.170 406.412 > 1 - 2 years
> 2 - 5 tahun 3.673.694 3.036.324 > 2 - 5 years
> 5 tahun 3.398.115 3.793.490 > 5 years
13.136.016 11.405.567
Mata uang asing Foreign currencies
≤ 1 tahun 601.887 865.928 ≤ 1 year
> 1 - 2 tahun 187.105 453.550 > 1 - 2 years
> 2 - 5 tahun 1.012.715 655.622 > 2 - 5 years
> 5 tahun 4.422.255 3.306.618 > 5 years
6.223.962 5.281.718
Jumlah 19.359.978 16.687.285 Total
Cadangan kerugian penurunan nilai (513.561) (454.746) Allowance for impairment losses
Neto 18.846.417 16.232.539 Net
d. Berdasarkan kolektibilitas d. By collectability
31 Desember/December 31
2023 2022
Lancar 18.266.779 15.991.257 Current
Dalam perhatian khusus 536.786 128.820 Special mention
Kurang lancar 245.676 4.356 Substandard
Diragukan 38.171 233.779 Doubtful
Macet 272.566 329.073 Loss
19.359.978 16.687.285
Cadangan kerugian penurunan nilai (513.561) (454.746) Allowance for impairment losses
Neto 18.846.417 16.232.539 Net
e. Kredit restrukturisasi e. Restructured loans
Pada tanggal 31 Desember 2023 dan 2022 As of December 31, 2023 and 2022 the
saldo kredit yang direstrukturisasi Bank adalah Bank’s restructured loans are as follows:
sebesar:
Kolektibilitas/ 31 Desember/December 31
Jenis/Type Collectability 2023 2022
Modal kerja/Working capital Lancar/Current 724.674 1.738.823
Dalam perhatian khusus/
Special mention 326.694 27.969
Kurang lancar/
Substandard 230.868 2.426
Diragukan/Doubtful 17.042 233.513
Macet/Loss 89.856 133.674
1.389.134 2.136.405
80
Page 369
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. KREDIT YANG DIBERIKAN (lanjutan) 10. LOANS (continued)
e. Kredit restrukturisasi (lanjutan) e. Restructured loans (continued)
Investasi/Investment Lancar/Current 2.209.500 1.942.529
Dalam perhatian khusus/
Special mention 139.814 18.185
Diragukan/Doubtful 5.968 -
Macet/Loss 32.311 35.797
2.387.593 1.996.511
Konsumer/Consumer Lancar/Current 65.625 116.862
Dalam perhatian khusus/
Special mention 8.384 12.297
Kurang lancar/
Substandard 8.581 836
Diragukan/Doubtful 1.853 266
Macet/Loss 14.406 6.791
98.849 137.052
Jumlah/Total 3.875.576 4.269.968
Cadangan kerugian penurunan nilai/
Allowance for impairment losses (375.316 ) (334.557 )
Neto/Net 3.500.260 3.935.411
Seluruh restrukturisasi kredit dilakukan melalui All restructured loans were modified through
penjadwalan ulang pembayaran pokok kredit loans principal and interest rescheduling,
dan bunga, penambahan jangka waktu kredit extension of loan maturity period and interest
dan penyesuaian suku bunga. rate adjustment.
Termasuk dalam kredit restrukturisasi diatas Included in the above restructured loan are
adalah restrukturisasi untuk debitur yang restructured for debtors affected by COVID-
terdampak pandemi COVID-19 sesuai dengan 19 pandemic in accordance with SFAS
POJK No. 11/POJK.03/2020 “Stimulus No. 11/POJK.03/2020 “National Economic
Perekonomian Nasional sebagai kebijakan stimulus as countercyclical policy in the
countercyclical dampak penyebaran Corona impact of the spread of Coronavirus Disease
Virus Disease 2019” tertanggal 13 Maret 2020 2019 dated March 13, 2020 which was
yang telah diperbaharui beberapa kali dengan updated by SFAS No. 48/POJK.03/2020
POJK No. 48/POJK.03/2020 “Perubahan “First Changes in POJK No.
Pertama Atas POJK No.11/POJK.03/2020” 11/POJK.03/2020” dated December, 1 2020
tertanggal 1 Desember 2020 dan POJK and SFAS No. 17/POJK.03/2021 “Second
No. 17/POJK.03/2021 “Perubahan Kedua Atas Changes in POJK No. 11/POJK.03/2020”
POJK No.11/POJK.03/2020” tertanggal 10 dated September 10, 2021, also Press
September 2021 serta Siaran Pers OJK Release OJK No. SP 85/DHMS/OJK/XI/2022
No. SP 85/DHMS/OJK/XI/2022 tertanggal dated November 28, 2022 as of
28 November 2022 tentang Perpanjangan December 31, 2023 the balance of
Kebijakan Restrukturisasi Kredit dan COVID-19 restructured loans amounted to
Pembiayaan Secara Targeted dan Sektoral Rp2,460,964 (2022: Rp3,615,484).
Atasi Dampak Lanjutan Pandemi COVID. Per
tanggal 31 Desember 2023 total saldo kredit
restrukturisasi COVID-19 adalah sebesar
Rp2.460.964 (2022: Rp3.615.484).
81
Page 370
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. KREDIT YANG DIBERIKAN (lanjutan) 10. LOANS (continued)
f. Kredit yang diberikan kepada karyawan f. Employee loans
Kredit yang diberikan kepada karyawan terdiri Loans to employees consist of loans with
dari kredit untuk tahun yang berakhir pada annual interest ranging from 3%-13% for the
tanggal 31 Desember 2023 dan 2022, untuk years ended December 31, 2023 and 2022,
membeli rumah, kendaraan bermotor, dan respectively, which are intended for
keperluan pribadi lainnya, dengan suku bunga acquisition of houses, motor vehicles and
per tahun masing-masing sebesar 3%-13%. other personal needs of the employees.
Kredit ini berjangka waktu antara 1 tahun These loans will mature within 1 year to 13
sampai dengan 13 tahun dan dilunasi melalui years and are collected through monthly
pemotongan gaji karyawan setiap bulan. payroll deductions.
Kredit yang diberikan kepada pihak-pihak Loans to related parties as of December 31,
berelasi pada tanggal 31 Desember 2023 dan 2023 and 2022 amounted to Rp6,569 and
2022 masing-masing berjumlah Rp6.569 dan Rp7,676, (Note 32) respectively, which are
Rp7.676 (Catatan 32) yang diberikan kepada given to Board of Commissioners, Board of
dewan komisaris, direksi, dan pejabat eksekutif Directors and executive officers, and are
dan diklasifikasikan lancar. classified as current.
Rasio kredit usaha kecil terhadap jumlah kredit The ratio of loans to small-scale businesses
yang diberikan adalah sebesar 8,79% dan to total loans are 8.79% and 13.04% as of
13,04% masing-masing pada tanggal December 31, 2023 and 2022, respectively.
31 Desember 2023 dan 2022.
g. Tingkat suku bunga efektif rata-rata setahun: g. Average effective interest rates per annum:
31 Desember/December 31
2023 2022
Rupiah 7,94% 7,94% Rupiah
Mata uang asing 6,81% 4,30% Foreign currencies
h. Perubahan nilai tercatat bruto atas kredit yang h. Movements in the gross carrying amount of
diberikan adalah sebagai berikut: loans are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal Initial gross carrying amount
1 Januari 2022 13.114.374 7.358 650.931 13.772.663 January 1, 2022
Aset baru 3.568.197 4.841 - 3.573.038 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (1.057.553) (2.094) (81.178) (1.140.825) (excluding write-offs)
Transfer ke Tahap 1 10.207 (3.156) (7.051) - Transfers to Stage 1
Transfer ke Tahap 2 (76.935) 77.077 (142) - Transfers to Stage 2
Transfer ke Tahap 3 (22.062) (850) 22.912 - Transfers to Stage 3
Pengukuran kembali 498.847 1.826 (8.951) 491.722 Remeasurement
Penghapusbukuan - - (9.313) (9.313) Bad debts written-off
31 Desember 2022 16.035.075 85.002 567.208 16.687.285 December 31, 2022
Aset baru 3.297.345 16.177 3.253 3.316.775 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (3.772.572) (19.320) (58.081) (3.849.973) (excluding write-offs)
Transfer ke Tahap 1 2.879 (2.879) - - Transfers to Stage 1
Transfer ke Tahap 2 (309.032) 310.632 (1.600) - Transfers to Stage 2
Transfer ke Tahap 3 (58.664) (64.531) 123.195 - Transfers to Stage 3
Pengukuran kembali 3.274.586 4.528 (5.426) 3.273.688 Remeasurement
Penghapusbukuan - - (67.797) (67.797) Bad debts written-off
31 Desember 2023 18.469.617 329.609 560.752 19.359.978 December 31, 2023
82
Page 371
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
10. KREDIT YANG DIBERIKAN (lanjutan) 10. LOANS (continued)
i. Perubahan cadangan kerugian penurunan nilai i. The movements in the allowance for
atas kredit yang diberikan adalah sebagai impairment losses of loans are as follows:
berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Saldo awal Beginning balance
1 Januari 2022 18.798 492 272.671 291.961 January 1, 2022
Aset baru 5.321 405 - 5.726 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (564) (171) (19.236) (19.971) repaid (excluding write-offs)
Transfer ke Tahap 1 1.399 (208) (1.191) - Transfers to Stage 1
Transfer ke Tahap 2 (65) 651 (586) - Transfers to Stage 2
Transfer ke Tahap 3 (32) (17) 49 - Transfers to Stage 3
Pengukuran kembali 7.866 8.701 164.590 181.157 Remeasurement
Penghapusbukuan - - (9.313) (9.313) Bad debts written-off
Perubahan valuta asing - - 5.186 5.186 Currency exchanges
-
31 Desember 2022 32.723 9.853 412.170 454.746 December 31, 2022
Aset baru 3.257 2.481 919 6.657 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (9.070) (2.549) (17.538) (29.157) repaid (excluding write-offs)
Transfer ke Tahap 1 6 (6) - - Transfers to Stage 1
Transfer ke Tahap 2 (71.650) 72.016 (366) - Transfers to Stage 2
Transfer ke Tahap 3 (24.537) (43.842) 68.379 - Transfers to Stage 3
Pengukuran kembali 99.716 36.969 14.663 151.348 Remeasurement
Penghapusbukuan - - (67.797) (67.797) Bad debts written-off
Perubahan valuta asing - - (2.236) (2.236) Currency exchanges
-
31 Desember 2023 30.445 74.922 408.194 513.561 December 31, 2023
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai yang impairment losses is adequate.
dibentuk telah memadai.
j. Rasio kredit bermasalah bruto (rasio NPL - j. The ratio of gross non-performing loans
bruto) Bank terhadap total kredit yang diberikan (gross NPL ratio) of the Bank to total loans
adalah sebesar 2,87% dan 3,40%, masing- are 2.87% and 3.40% as of December 31,
masing pada tanggal 31 Desember 2023 dan 2023 and 2022, respectively, while the net
2022, sedangkan rasio kredit bermasalah neto non-performing loans to total loans (net NPL
terhadap total kredit (rasio NPL - neto) adalah ratio) are 0.77%, and 0.93% as of
sebesar 0,77% dan 0,93%, masing-masing December 31, 2023 and 2022, respectively.
pada tanggal 31 Desember 2023 dan 2022.
83
Page 372
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
11. PENDAPATAN BUNGA YANG MASIH AKAN 11. INTEREST RECEIVABLES
DITERIMA
31 Desember/December 31
2023 2022
Bunga atas: Interest on:
Kredit yang diberikan 79.960 49.007 Loans
Efek-efek 18.462 8.301 Marketable securities
Interbank Call Money 22 - Interbank Call Money
Jumlah 98.444 57.308 Total
Pendapatan bunga yang masih akan diterima dari Interest receivables from related parties as of
pihak berelasi adalah sebesar Rp15 dan Rp18 December 31, 2023 and 2022, amounted to
masing-masing pada tanggal 31 Desember 2023 Rp15 and Rp18, respectively (Note 32).
dan 2022 (Catatan 32).
Pendapatan bunga yang masih akan diterima dalam Interest receivables in foreign currencies as
mata uang asing adalah sebesar Rp34.058 dan of December 31, 2023 and 2022, amounted
Rp19.032 masing-masing pada tanggal to Rp34,058 and Rp19,032, respectively.
31 Desember 2023 dan 2022.
12. ASET TETAP DAN ASET HAK GUNA 12. FIXED ASSETS AND RIGHT-OF-USE ASSETS
Akun ini terdiri dari: This account consists of:
31 Desember 2023/December 31, 2023
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ Revaluasi/ 31 Desember/
January 1, 2023 Additions Deductions Reclassifications Revaluation December 31, 2023
Kepemilikan langsung Direct ownership
Harga penilaian kembali Revalued amount
Tanah 385.144 - (11.661) 21.963 37.544 432.990 Land
Bangunan 414.251 515 (7.280) 4.571 67.583 479.640 Buildings
Prasarana 49.685 134 (116) (24.629) - 25.074 Leasehold improvements
Inventaris kantor 118.136 8.003 (1.267) 1.637 - 126.509 Office equipment
Kendaraan 77.119 79 (10.131) - - 67.067 Vehicles
1.044.335 8.731 (30.455) 3.542 105.127 1.131.280
Aset dalam penyelesaian 422 7.635 (204) (3.542) - 4.311 Construction in progress
Total biaya perolehan
aset tetap 1.044.757 16.366 (30.659) - 105.127 1.135.591 Total cost of fixed assets
Aset hak guna 67.171 12.895 (9.234) - - 70.832 Right-of-use assets
Total biaya perolehan
aset tetap dan Total cost of fixed assets
aset hak guna 1.111.928 29.261 (39.893) - 105.127 1.206.423 and right-of-use of assets
Akumulasi penyusutan Accumulated depreciation
Bangunan (123.127) (22.660) 5.387 (16.361) - (156.761) Buildings
Prasarana (38.080) (2.764) 42 16.361 - (24.441) Leasehold improvements
Inventaris kantor (108.756) (5.935) 1.260 - - (113.431) Office equipment
Kendaraan (75.678) (720) 10.131 - - (66.267) Vehicles
(345.641) (32.079) 16.820 - - (360.900)
Aset hak guna (32.802) (18.650) 8.254 - - (43.198) Right-of-use assets
Total biaya perolehan Total accumulated
aset tetap dan depreciation of fixed assets
aset hak guna (378.443) (50.729) 25.074 - - (404.098) and right-of-use of assets
Nilai buku neto 733.485 802.325 Net book value
84
Page 373
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. ASET TETAP DAN ASET HAK GUNA (lanjutan) 12. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
Akun ini terdiri dari: (lanjutan) This account consists of: (continued)
31 Desember/December 31, 2022
31 Desember/
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ December 31,
January 1, 2022 Additions Deductions Reclassifications 2022
Kepemilikan langsung Direct ownership
Harga penilaian kembali Revalued amount
Tanah 392.190 - (7.046) - 385.144 Land
Bangunan 414.337 302 (388) - 414.251 Buildings
Prasarana 48.765 976 (166) 110 49.685 Leasehold improvements
Inventaris kantor 111.339 3.917 (119) 2.999 118.136 Office equipment
Kendaraan 79.050 - (1.931) - 77.119 Vehicles
1.045.681 5.195 (9.650) 3.109 1.044.335
Aset dalam penyelesaian 1.051 3.575 (1.095) (3.109) 422 Construction in progress
Total biaya perolehan
aset tetap 1.046.732 8.770 (10.745) - 1.044.757 Total cost of fixed assets
Aset hak guna 75.920 19.418 (28.167) - 67.171 Right-of-use of assets
Total biaya perolehan
aset tetap dan Total cost of fixed assets
aset hak guna 1.122.652 28.188 (38.912) - 1.111.928 and right-of-use of assets
Akumulasi penyusutan Accumulated depreciation
Bangunan (101.553) (21.957) 383 - (123.127) Buildings
Prasarana (35.452) (2.757) 129 - (38.080) Leasehold improvements
Inventaris kantor (94.375) (14.468) 87 - (108.756) Office equipment
Kendaraan (66.030) (11.403) 1.755 - (75.678) Vehicles
(297.410) (50.585) 2.354 - (345.641)
Aset hak guna (28.155) (21.252) 16.605 - (32.802) Right-of-use of assets
Total akumulasi
penyusutan Total accumulated
aset tetap dan depreciation of fixed assets
aset hak guna (325.565) (71.837) 18.959 - (378.443) and right-of-use of assets
Nilai buku neto 797.087 733.485 Net book value
Aset tetap Bank, kecuali tanah, prasarana, dan All fixed assets, except for land, leasehold
inventaris kantor diasuransikan pada perusahaan improvements, and office equipment are insured
asuransi yaitu, PT Asuransi Bina Dana Arta, pihak with insurance company PT Asuransi Bina Dana
ketiga dengan nilai pertanggungan sebesar Arta, a third party for coverage amounting to
Rp268.579 dan Rp252.581 pada tanggal Rp268,579 and Rp252,581 as of December 31,
31 Desember 2023 dan 2022. Manajemen 2023 and 2022. All the insurance companies
berpendapat bahwa nilai pertanggungan tersebut above are third parties. Management believes
cukup untuk menutupi kemungkinan kerugian atas that the insurance coverages are adequate to
aset yang dipertanggungkan. cover possible losses on the assets insured.
Rincian laba penjualan aset tetap untuk tahun-tahun The details of gain on sale of fixed assets for the
yang berakhir 31 Desember 2023 dan 2022 adalah years ended December 31, 2023 and 2022 are
sebagai berikut: as follows:
31 Desember/December 31
2023 2022
Hasil penjualan aset tetap 3.775 659 Proceeds from sale of fixed assets
Nilai buku bersih aset tetap - (152) Net book value of fixed assets
Laba penjualan aset tetap 3.775 507 Gain on sale of fixed assets
85
Page 374
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. ASET TETAP DAN ASET HAK GUNA (lanjutan) 12. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
Nilai tercatat bruto dari aset tetap yang telah The gross carrying amount of the Bank fully
didepresiasi penuh oleh Bank namun masih depreciated fixed assets that are still in use
digunakan adalah sebesar Rp524.590 dan amounted to Rp524,590 and Rp173,929 as of
Rp173.929 masing-masing pada tanggal December 31, 2023 and 2022 (unaudited),
31 Desember 2023 dan 2022 (tidak diaudit). respectively.
Sejak tahun 2014, Bank menerapkan model Since 2014, the Bank has applied revaluation
revaluasi untuk semua aset tetap, sehingga nilai model for all fixed assets thus, the carrying values
tercatat pada tanggal 31 Desember 2023 dan 2022 as of December 31, 2023 and 2022 reflect the fair
mencerminkan nilai wajar. Penilaian kembali atas values. The revaluations of fixed assets except
aset tetap selain inventaris kantor dan kendaraan for office equipment and vehicles using cut-off
per tanggal 31 Desember 2023 dilakukan oleh December 31, 2023 are performed by external
penilai independen eksternal, Kantor Jasa Penilai independent appraiser, Public Appraiser Firm
Publik (“KJPP”) Hari Utomo & Rekan dalam Laporan (“KJPP”) Hari Utomo & Rekan as stated in the
Penilaian tertanggal 3 Januari 2024. Penilaian Valuation Report dated January 3, 2024.
dilakukan berdasarkan Standar Penilaian Indonesia, Valuations were performed based on Indonesian
ditentukan berdasarkan transaksi pasar terkini dan Valuation Standards which are appropriate with
dilakukan dengan ketentuan-ketentuan yang lazim. recent market transactions done on arm’s length
Pendekatan penilaian yang dipakai adalah terms. The valuation method used is market data
pendekatan data pasar dan pendekatan biaya. approach and cost approach.
Nilai wajar dari aset tetap dihitung dengan Fair values of fixed assets are calculated using
menggunakan pendekatan perbandingan harga the comparable market data approach and cost
pasar dan estimasi biaya reproduksi baru atau biaya reproduction or cost replacement approach. The
pengganti baru. Harga pasar dari aset tetap yang approximate market prices of comparable fixed
paling mendekati disesuaikan dengan perbedaan assets is adjusted for differences in key attributes
atribut utama seperti ukuran aset, lokasi, kondisi such as size, location, physical conditions,
fisik, faktor depresiasi, dan biaya penggantian. depreciation factor, and replacement costs. The
Pengukuran nilai wajar juga mempertimbangkan fair value measurement also considers highest
penggunaan tertinggi dan terbaik (highest and best and best use of the asset being valued.
use) dari aset yang dinilai.
Informasi mengenai penilaian kembali aset tetap Information of the revaluation of fixed assets as at
pada tanggal 31 Desember 2023 yang dilakukan December 31, 2023 performed by the Bank are as
oleh Bank adalah sebagai berikut: follows:
Nilai buku Nilai buku
sebelum setelah
revaluasi/ revaluasi/ Kenaikan
Carrying Carrying nilai revaluasi/
amount amount Increase
before after in revaluation
revaluation revaluation value
Tanah 395.446 432.990 37.544 Land
Bangunan 255.296 322.879 67.583 Buildings
Jumlah 650.742 755.869 105.127 Total
Kenaikan nilai revaluasi sebesar Rp105.127 dicatat Increase in revaluation value of Rp105,127 is
di penghasilan komprehensif lain di ekuitas, tidak recorded as part of other comprehensive income
ada penurunan nilai revaluasi untuk tahun yang in equity, there is no decrease in the revaluation
berakhir 31 Desember 2023. value for the year ended December 31, 2023.
86
Page 375
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. ASET TETAP DAN ASET HAK GUNA (lanjutan) 12. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
Jumlah tercatat aset tetap apabila aset tersebut The amount of fixed assets if recorded using cost
dicatat dengan model biaya adalah sebagai berikut: method are the following:
31 Desember/December 31
2023 2022
Tanah 229.943 233.889 Land
Bangunan 255.721 254.646 Buildings
Prasarana 634 10.268 Leaseholds improvements
Inventaris kantor 10.757 8.715 Office equipment
Kendaraan 292 819 Vehicles
Jumlah 497.347 508.337 Total
Rincian aset dalam penyelesaian beserta The details of the construction in progress with
persentase penyelesaian dan nilai kontrak adalah percentage of completion and contract value are
sebagai berikut: as follows:
31 Desember/December 31, 2023
Persentase Akumulasi Estimasi
penyelesaian/ biaya/ penyelesaian/
Percentage of Accumulated Estimated timing
completion cost of completion
Renovasi Bangunan 80% 2.823 2024 Leasehold improvements
Software 80% 1.488 2024 Software
31 Desember/December 31, 2022
Persentase Akumulasi Estimasi
penyelesaian/ biaya/ penyelesaian/
Percentage of Accumulated Estimated timing
completion cost of completion
Prasarana dan inventaris Leasehold improvements and office
kantor 49% 422 2023 equipment
Manajemen juga berpendapat bahwa tidak terdapat Management believes that as of December 31,
penurunan nilai lainnya atas aset tersebut pada 2023 and 2022, no other impairment in value for
tanggal 31 Desember 2023 dan 2022. fixed assets.
Aset hak guna per 31 Desember 2023 dan 2022 Rights of use assets as of December 31, 2023
adalah sebagai berikut: and 2022 as follows:
Penambahan Pengurangan
1 Januari/ dan reklasifikasi/ dan reklasifikasi/ 31 Desember/
January 1, Additions Deductions December 31,
2023 and reclassification and reclassification 2023
Biaya perolehan Cost
Bangunan 47.392 12.478 (8.583) 51.287 Buildings
Kendaraan 5.272 - (448) 4.824 Vehicles
Lain-lain 14.507 417 (203) 14.721 Others
Total biaya perolehan 67.171 12.895 (9.234) 70.832 Total cost
Akumulasi penyusutan Accumulated depreciation
Bangunan (26.713) (10.681) 7.752 (29.642) Buildings
Kendaraan (2.870) (1.587) 427 (4.030) Vehicles
Lain-lain (3.219) (6.382) 75 (9.526) Others
Total Akumulasi penyusutan (32.802) (18.650) 8.254 (43.198) Total Accumulated depreciation
Nilai buku - neto 34.369 27.634 Book value - net
87
Page 376
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
12. ASET TETAP DAN ASET HAK GUNA (lanjutan) 12. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
Aset hak guna per 31 Desember 2023 dan 2022 Rights of use assets as of December 31, 2023
adalah sebagai berikut: (lanjutan) and 2022 as follows:
Penambahan Pengurangan
1 Januari/ dan reklasifikasi/ dan reklasifikasi/ 31 Desember/
January 1, Additions Deductions December 31,
2022 and reclassification and reclassification 2022
Biaya perolehan Cost
Bangunan 48.415 8.089 (9.112) 47.392 Buildings
Kendaraan 5.720 1.230 (1.678) 5.272 Vehicles
Lain-lain 21.785 10.099 (17.377) 14.507 Others
Total biaya perolehan 75.920 19.418 (28.167) 67.171 Total cost
Akumulasi penyusutan Accumulated depreciation
Bangunan (23.484) (12.376) 9.147 (26.713) Buildings
Kendaraan (2.768) (1.780) 1.678 (2.870) Vehicles
Lain-lain (1.903) (7.096) 5.780 (3.219) Others
Total Akumulasi penyusutan (28.155) (21.252) 16.605 (32.802) Total Accumulated depreciation
Nilai buku - neto 47.765 34.369 Book value - net
Bank menyewa beberapa aset termasuk gedung The Bank rent a number of assets including
kantor, rumah dinas, kendaraan dan lain-lain. offices, official houses, vehicles and others.
13. GOODWILL 13. GOODWILL
Seperti diungkapkan pada Catatan 1b, Bank As disclosed in Note 1b, the Bank acquired
melakukan akuisisi atas 100% kepemilikan saham 100% equity interests in PT Bank Antardaerah.
pada PT Bank Antardaerah. Nilai wajar dari aset dan The fair values of the identifiable assets and
liabilitas teridentifikasi PT Bank Antardaerah pada liabilities of PT Bank Antardaerah as at the date
tanggal akuisisi (24 Juni 2016) adalah: of acquisition (June 24, 2016) were:
Nilai wajar/
Fair value
Imbalan yang dialihkan 517.913 Consideration transferred
Nilai wajar aset bersih teridentifikasi (271.755) Total identifiable net assets at fair value
Goodwill atas akuisisi 246.158 Goodwill arising on acquisition
Core Deposits Intangible (55.428) Core Deposits Intangible
Teknologi perangkat lunak dan Software technology and
teknologi pendukung lainnya (655) other supporting technologies
Residual goodwill 190.075 Residual goodwill
Tujuan dilakukannya akuisisi adalah meningkatkan The purpose of the acquisition is to increase the
potensi skala usaha Bank menjadi lebih besar serta potential scale of the Bank business as well as
meningkatnya jangkauan operasional Bank increased in operational range of the Bank
terutama pada area yang sebelumnya merupakan especially in the areas that were previously the
basis kekuatan utama yang dimiliki oleh PT Bank main power base owned by PT Bank
Antardaerah, baik itu untuk pemberian pinjaman Antardaerah, both for lending as well as source of
maupun sebagai sumber perolehan dana pihak third party funds.
ketiga.
88
Page 377
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
13. GOODWILL (lanjutan) 13. GOODWILL (continued)
Pengujian penurunan nilai atas goodwill dilakukan Goodwill is tested for impairment annually and
setiap tahun dan ketika terdapat suatu indikasi when circumstances indicate that the carrying
bahwa nilai tercatatnya mengalami penurunan nilai. value may be impaired. The recoverable amount
Nilai terpulihkan ditentukan berdasarkan was determined based on value in use that uses
perhitungan nilai pakai yang menggunakan metode 5 years discounted cash flow method. The Bank
discounted cash flow 5 tahun. Bank menentukan determined the cash generating unit aligned with
unit penghasil kas sejalan dengan segmen operasi, the operating segment of loans. There were no
yaitu kredit. Tidak terdapat pergerakan atas nilai movements on carrying amount of goodwill for
tercatat goodwill selama tahun 2023. the year 2023.
Nilai terpulihkan tersebut dikategorikan sebagai The recoverable amount is categorised as level 3
tingkat 3 dalam hierarki nilai wajar. Asumsi kunci in fair value hierarchy. Certain key assumptions
yang digunakan dalam perhitungan nilai pakai pada used in the value in use calculation at December
tanggal 31 Desember 2023 dan 2022 adalah tingkat 31, 2023 and 2022 is discount rate. The Bank has
diskonto. Bank telah memilih untuk menggunakan chosen to use the weighted average cost of
weighted average cost of capital (WACC) sebagai capital (WACC) as discount rate for the
tingkat diskonto untuk arus kas yang didiskontokan. discounted cash flow. The WACC determined
WACC yang ditentukan berdasarkan sumber based on external source are 9.40% and 13.20%
eksternal adalah 9,40% dan 13,20% masing-masing for the years ended December 31, 2023 and
pada tanggal 31 Desember 2023 dan 2022. 2022, respectively.
Tidak ada kerugian penurunan nilai goodwill yang There is no impairment of the goodwill identified
diidentifikasi selama tahun yang berakhir pada for the years ended December 31, 2023 and
tanggal 31 Desember 2023 dan 2022. 2022.
14. BIAYA DIBAYAR DI MUKA 14. PREPAID EXPENSES
31 Desember/December 31
2023 2022
Asuransi 964 634 Insurance
Pemeliharaan informasi teknologi 709 2.300 Information technology maintenance
Sewa 547 101 Rent
Lain-lain 686 2.229 Others
Jumlah 2.906 5.264 Total
89
Page 378
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
15. AGUNAN YANG DIAMBIL ALIH 15. FORECLOSED ASSETS
Agunan Yang Diambil Alih (“AYDA”) merupakan Foreclosed assets represent loan collaterals
agunan pinjaman berupa tanah dan bangunan yang taken over by the Bank in the form of land and
telah diambil alih oleh Bank. Rincian dalam akun ini buildings. The details in this account are as
sebagai berikut: follows:
31 Desember/December 31
2023 2022
Agunan yang diambil alih 135.580 141.740 Foreclosed assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (27.274) (2.434) impairment losses
108.306 139.306
Berdasarkan Peraturan Otoritas Jasa Keuangan Based on Financial Services Authority Repblic of
Republik Indonesia (“POJK”) No. 40/POJK.03 /2019 Indonesia (“POJK”) No. 40/POJK.03 /2019
tentang “Penilaian Kualitas Aset Bank Umum”, regarding “Asset Quality Ratings for Commercial
khususnya AYDA, Bank diwajibkan untuk Banks” and particularly on the foreclosed assets,
melakukan upaya penyelesaian terhadap AYDA the Bank is required to have an action plan for
yang dimiliki. settlement for its foreclosed assets.
Rincian rugi penjualan AYDA untuk tahun-tahun The details of on sale of foreclosed assets for the
yang berakhir 31 Desember 2023 dan 2022 adalah years ended December 31, 2023 and 2022 are as
sebagai berikut: follows:
31 Desember/December 31
2023 2022
Hasil penjualan 6.175 1.800 Proceeds from sale
Nilai buku bersih (6.160) (1.834) Net book value
Laba/(Rugi) penjualan 15 (34) Profit/(Loss) on sale
Mutasi cadangan kerugian penurunan nilai atas The changes in allowance for impairment losses
AYDA adalah: of foreclosed assets are as follows:
31 Desember/December 31
2023 2022
Saldo awal 2.434 2.139 Beginning balance
Penambahan selama tahun berjalan 24.840 295 Addition during the year
Saldo akhir 27.274 2.434 Ending balance
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai adalah cukup allowance for impairment losses is adequate to
untuk menutup kemungkinan kerugian penurunan cover possible impairment losses from foreclosed
nilai atas agunan yang diambil alih. assets.
90
Page 379
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
16. ASET LAIN-LAIN 16. OTHER ASSETS
31 Desember/December 31
2023 2022
Properti terbengkalai - neto 107.608 94.310 Abandoned properties - net
Core deposits intangible (setelah Core deposits intangible
dikurangi akumulasi amortisasi (net of accumulated amortization of
masing-masing sebesar Rp36.028 Rp36,028 and Rp30,485
dan Rp30.485 pada 31 Desember as of December 31, 2023
2023 dan 2022) 19.399 24.942 and 2022, respectively)
Persediaan 5.595 5.061 Inventories
Uang jaminan 3.714 3.375 Refundable deposits
Tagihan transaksi ATM Prima 2.543 2.730 ATM Prima billing transaction
Lain-lain 1.944 4.783 Others
Jumlah - neto 140.803 135.201 Total - net
Properti terbengkalai merupakan aset tetap yang The abandoned properties are fixed assets held
dimiliki Bank tetapi tidak digunakan untuk kegiatan by the Bank but not used for its customary
usaha perbankan yang lazim. Manajemen secara banking business. Management is actively trying
aktif berusaha untuk menjual properti terbengkalai to sell these abandoned properties.
tersebut.
Rincian laba penjualan properti terbengkalai untuk The details of gain on sale of abandoned
tahun-tahun yang berakhir 31 Desember 2023 dan properties for the years ended December 31,
2022 adalah sebagai berikut: 2023 and 2022 are as follows:
31 Desember/December 31
2023 2022
Hasil penjualan - 2.100 Proceeds from sale
Nilai buku bersih - (1.583) Net book value
Laba penjualan - 517 Gain on sale
Mutasi cadangan kerugian penurunan nilai properti The changes in allowance for impairment losses
terbengkalai adalah: of abandoned properties are as in follows:
31 Desember/December 31
2023 2022
Saldo awal 4.037 2.316 Beginning balance
Penambahan selama tahun berjalan 71 1.721 Addition during the year
Saldo akhir 4.108 4.037 Ending balance
Manajemen berpendapat bahwa cadangan kerugian Management believes that the above allowance
penurunan nilai yang telah dibentuk cukup untuk for impairment losses is adequate to cover
menutup kemungkinan kerugian atas properti possible losses on abandoned properties.
terbengkalai.
Aset lain-lain dalam mata uang asing pada tanggal Other assets denominated in foreign currency as
31 Desember 2023 dan 2022 masing-masing adalah of December 31, 2023 and 2022 amounted to
sebesar Rp154 dan Rp2.126. Rp154 and Rp2,126, respectively.
91
Page 380
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
17. LIABILITAS SEGERA 17. OBLIGATION DUE IMMEDIATELY
Pada tanggal 31 Desember 2023 dan 2022 liabilitas As of December 31, 2023 and 2022, obligation
segera merupakan liabilitas sehubungan dengan due immediately are related to clearing
transaksi kliring dan transfer. transactions and transfers.
Liabilitas segera dalam mata uang asing pada Obligation due immediately denominated in
tanggal 31 Desember 2023 dan 2022 masing- foreign currencies as of December 31, 2023 and
masing adalah sebesar Rp1.037 dan Rp96. 2022 amounted to Rp1,037 and Rp96.
18. SIMPANAN DARI NASABAH 18. DEPOSITS FROM CUSTOMERS
31 Desember/December 31
2023 2022
Rupiah Rupiah
Deposito berjangka 11.517.998 10.463.797 Time deposits
Giro 2.122.979 1.968.584 Current accounts
Tabungan 1.004.153 996.635 Saving accounts
14.645.130 13.429.016
Mata uang asing Foreign currencies
Deposito berjangka 4.254.442 3.434.766 Time deposits
Giro 1.003.978 1.021.569 Current accounts
Tabungan 83.262 61.227 Saving accounts
5.341.682 4.517.562
Jumlah 19.986.812 17.946.578 Total
Berdasarkan Undang-Undang No. 24 tanggal Based on the Law No. 24, dated September 22,
22 September 2004, efektif sejak tanggal 2004, effective September 22, 2005, the
22 September 2005, Lembaga Penjamin Simpanan Indonesian Deposit Insurance Corporation
(”LPS”) dibentuk untuk menjamin kewajiban tertentu (“IDIC”) was formed to guarantee certain
bank-bank umum berdasarkan program penjaminan liabilities of commercial banks under the
yang berlaku dan saat ini Bank adalah peserta dari applicable guarantee program and currently, the
program tersebut. Bank is the participant of the program.
Suku bunga penjaminan LPS pada tanggal LPS guarantee interest rate as of December 31,
31 Desember 2023 dan 2022 masing-masing adalah 2023 and 2022 were 4.25% and 3.75%,
4,25% dan 3,75% untuk simpanan dalam mata uang repectively, for deposits in Rupiah. For deposits
Rupiah. Untuk simpanan dalam mata uang asing in foreign currency as of December 31, 2023 and
pada tanggal 31 Desember 2023 dan 2022 masing- 2022 were 2.25% and 1.75%, repectively.
masing adalah sebesar 2,25% dan 1,75%.
Berdasarkan Peraturan Pemerintah No. 66 Tahun Based on Government Regulation No. 66 Year
2008 tanggal 13 Oktober 2008 tentang Besaran Nilai 2008 dated October 13, 2008 regarding The
Simpanan yang Dijamin LPS yang disempurnakan Amount of Deposit Value Guaranteed by IDIC
melalui PLPS No. 1 Tahun 2023 tentang Program amended through IDIC Regulation No. 1 Year
Penjaminan Simpanan, bahwa saldo yang dijamin 2023 regarding Deposit Insurance Program,
untuk satu nasabah pada satu Bank adalah paling which stated the guaranteed balance for each
tinggi Rp2.000.000.000 (nilai penuh). customer in each bank is at most
Rp2,000,000,000 (full amount).
92
Page 381
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
18. SIMPANAN DARI NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
a. Giro a. Current accounts
31 Desember/December 31
2023 2022
Pihak berelasi (Catatan 32) Related parties (Note 32)
Rupiah 3.046 755 Rupiah
Mata uang asing 549 20 Foreign currencies
3.595 775
Pihak ketiga Third parties
Rupiah 2.119.933 1.967.829 Rupiah
Mata uang asing 1.003.429 1.021.549 Foreign currencies
3.123.362 2.989.378
Jumlah 3.126.957 2.990.153 Total
Suku bunga efektif rata-rata per tahun: Average effective interest rate per annum:
31 Desember/December 31
2023 2022
Rupiah 2,73% 2,27% Rupiah
Mata uang asing 0,79% 0,33% Foreign currencies
Giro yang dijadikan jaminan kredit yang Total current accounts amounting to RpNil as
diberikan pada tanggal 31 Desember 2023 dan of December 31, 2023 and 2022,
2022 masing-masing adalah RpNihil. respectively, were pledged and used as
credit guarantee.
b. Tabungan b. Saving accounts
31 Desember/December 31
2023 2022
Pihak berelasi (Catatan 32) Related parties (Note 32)
Rupiah 4.185 4.483 Rupiah
Mata uang asing 64 39 Foreign currencies
4.249 4.522
Pihak ketiga Third parties
Rupiah 999.968 992.152 Rupiah
Mata uang asing 83.198 61.188 Foreign currencies
1.083.166 1.053.340
Jumlah 1.087.415 1.057.862 Total
Tabungan yang dijadikan jaminan kredit yang Total saving accounts amounting to RpNil as
diberikan pada tanggal 31 Desember 2023 dan of December 31, 2023 and 2022,
2022 masing-masing adalah RpNihil. respectively, were pledged and used as
credit guarantee.
93
Page 382
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
18. SIMPANAN DARI NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
b. Tabungan (lanjutan) b. Saving accounts (continued)
Suku bunga efektif rata-rata per tahun: Average effective interest rate per annum:
31 Desember/December 31
2023 2022
Rupiah 1,65% 1,58% Rupiah
Mata uang asing 0,84% 0,82% Foreign currencies
c. Deposito berjangka c. Time deposits
31 Desember/December 31
2023 2022
Pihak berelasi (Catatan 32) Related parties (Note 32)
Rupiah 8.752 9.466 Rupiah
Mata uang asing 192 161 Foreign currencies
8.944 9.627
Pihak ketiga Third parties
Rupiah 11.509.246 10.454.331 Rupiah
Mata uang asing 4.254.250 3.434.605 Foreign currencies
15.763.496 13.888.936
Jumlah 15.772.440 13.898.563 Total
Suku bunga efektif rata-rata per tahun: Average effective interest rates per annum:
31 Desember/December 31
2023 2022
Rupiah 4,88% 3,60% Rupiah
Mata uang asing 4,61% 2,62% Foreign currencies
Berdasarkan tanggal jatuh tempo: By maturity date:
31 Desember/December 31
2023 2022
≤ 1 bulan 9.601.332 10.777.484 ≤ 1 month
> 1 - 3 bulan 3.947.673 2.664.066 > 1 - 3 months
> 3 - 6 bulan 1.946.337 360.377 > 3 - 6 months
> 6 - 12 bulan 277.098 96.636 > 6 - 12 months
Jumlah 15.772.440 13.898.563 Total
Jumlah deposito berjangka yang dijadikan Total time deposits amounting to Rp648,391
jaminan kredit, bank garansi, dan letters of credit and Rp410,904 as of December 31, 2023
yang diterbitkan Bank pada tanggal and 2022, respectively, are pledged as
31 Desember 2023 dan 2022 masing-masing collateral by the debtors on the credit
adalah sebesar Rp648.391 dan Rp410.904 facilities, bank guarantees and letters of
credit issued by the Bank.
94
Page 383
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
19. SIMPANAN DARI BANK LAIN 19. DEPOSITS FROM OTHER BANKS
31 Desember/December 31
2023 2022
Pihak berelasi Related Parties
Rupiah Rupiah
Giro 70 229 Current accounts
Pihak ketiga Third parties
Rupiah Rupiah
Giro 20.887 37.375 Current accounts
Tabungan 26.547 29.407 Saving accounts
Deposito berjangka - 1.000 Time deposits
Mata uang asing Foreign currencies
Inter-bank Call Money 277.146 - Inter-bank Call Money
324.580 67.782
Jumlah 324.650 68.011 Total
Suku bunga efektif rata-rata per tahun: Average effective interest rates per annum:
31 Desember/December 31
2023 2022
Rupiah 3,96% 2,89% Rupiah
Mata uang asing 3,37% - Foreign currencies
Berdasarkan tanggal jatuh tempo: By maturity date:
31 Desember/December 31
2023 2022
≤ 1 bulan 47.504 67.011 ≤ 1 month
> 1 - 3 bulan 277.146 1.000 > 1 - 3 months
Jumlah 324.650 68.011 Total
Pada tanggal 31 Desember 2023 dan 2022 tidak As of December 31, 2023 and 2022 there is no
ada simpanan dari bank lain yang dijadikan jaminan. deposit from other banks which was pledged as
collateral.
20. PERPAJAKAN 20. TAXATION
a. Utang pajak a. Taxes payable
31 Desember/December 31
2023 2022
Pajak penghasilan badan Corporate income tax
PPh pasal 25 3.935 7.134 Income tax article 25
PPh pasal 29 49.590 27.994 Income tax article 29
53.525 35.128
Pajak lain-lain Other income taxes
PPh pasal 4 (2) 13.425 8.193 Income tax article 4 (2)
PPh pasal 21 7.527 6.557 Income tax article 21
PPh pasal 23 dan 26 182 322 Income tax article 23 and 26
PPN 31 31 Value-added tax
Rekening Khusus Persepsi 2 - Special Account of Perception
Bea materai 1 1 Stamp duties
21.168 15.104
Jumlah 74.693 50.232 Total
95
Page 384
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
20. PERPAJAKAN (lanjutan) 20. TAXATION (continued)
b. Beban pajak penghasilan b. Income tax expense
31 Desember/December 31
2023 2022
Beban pajak kini 117.810 66.503 Current tax expense
Manfaat pajak tangguhan (49.300) (26.720) Deferred tax benefit
Jumlah 68.510 39.783 Total
c. Rekonsiliasi antara laba sebelum pajak c. Reconciliation between income before
penghasilan menurut laporan laba rugi dengan income tax as shown in the statements of
laba kena pajak adalah sebagai berikut: profit or loss and taxable income are as
follows:
31 Desember/December 31
2023 2022
Laba sebelum 309.801 175.742 Income before
pajak penghasilan income tax
Perbedaan temporer: Temporary differences:
Cadangan kerugian penurunan Provision for impairment
nilai atas aset produktif 171.518 88.600 losses on earning assets
Cadangan kerugian penurunan Provision for impairment
nilai atas aset non-produktif 24.911 2.017 losses on non-earning assets
Provisi imbalan Provsion for employee benefit
kerja karyawan 10.895 3.566 liabilities
Penyusutan aset tetap (2.766) 13.493 Depreciation of fixed assets
Cadangan bonus dan tunjangan
hari raya 4.848 5.682 Bonus and festives provision
Lain-lain 16.152 10.810 Others
Jumlah perbedaan temporer 225.558 124.168 Total temporary differences
Perbedaan permanen: Permanent differences:
Penyusutan aset tetap (2.485) (842) Depreciation of Fixed Asset
Lain-lain 2.628 3.217 Others
Jumlah perbedaan permanen 143 2.375 Total permanent differences
Laba kena pajak 535.502 302.285 Taxable income
Beban pajak penghasilan
sesuai dengan Current income tax expense at
tarif pajak yang berlaku (22%) 117.810 66.503 statutory tax rate (22%)
Dikurangi: pajak penghasilan Less: prepayment of
yang dibayar di muka - Pasal 25 (68.220) (38.509) income tax - Article 25
Utang pajak penghasilan 49.590 27.994 Income tax payable
96
Page 385
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
20. PERPAJAKAN (lanjutan) 20. TAXATION (continued)
d. Perhitungan pajak penghasilan badan untuk d. The calculations of corporate income tax for
tahun yang berakhir tanggal 31 Desember 2023 the year ended December 31, 2023 are
adalah estimasi untuk pengisian SPT 2023 dan estimated numbers for 2023 annual tax
perhitungan pajak penghasilan badan 2022 return and 2022 corporate income tax which
adalah sesuai dengan SPT Bank. conform to the Bank’s Annual Tax Return.
e. Rekonsiliasi antara beban pajak e. Reconciliation of tax expense
Rekonsiliasi antara beban pajak penghasilan The reconciliation between income tax
dan hasil perhitungan teoritis laba sebelum expense and the theoretical tax amount on
pajak penghasilan adalah sebagai berikut: profit before income tax is as follows:
31 Desember/December 31
2023 2022
Laba sebelum beban pajak Income before income tax expense
penghasilan sebagaimana as shown in the statement of
disajikan dalam laporan laba rugi profit or loss and other
dan penghasilan komprehensif lain 309.801 175.742 comprehensive income
Pajak penghasiIan dengan Income tax expense at effective
tarif pajak yang berlaku 68.156 38.663 tax rates
Pengaruh pajak atas
perbedaan permanen 32 522 Tax effect of permanent differences
Penyesuaian 322 598 Adjusments
Jumlah beban pajak 68.510 39.783 Total tax expense
f. Aset pajak tangguhan f. Deferred tax assets
Rincian dari aset pajak tangguhan Bank adalah The details of the Bank's deferred tax assets
sebagai berikut: are as follows:
31 Desember/December 31, 2023
Dikreditkan/
(dibebankan)
ke laporan laporan
laba rugi
Credited/(charged) Dibebankan ke
to statement of profit ekuitas/
31 Desember/ or loss and other Charged to 31 Desember/
December 31, 2022 income equity December 31, 2023
Cadangan kerugian
penurunan nilai Allowance for impairment
aset produktif 1.423 37.734 - 39.157 losses on earning assets
Cadangan kerugian Allowance for impairment
penurunan nilai losses on non-earning
aset non-produktif 25.986 5.480 - 31.466 assets
Provisi imbalan Provisions for employee
kerja karyawan 18.230 2.397 1.103 21.730 benefits obligation
Penyusutan aset tetap 7.312 (609) - 6.703 Depreciation of fixed assets
Cadangan bonus Bonus allowance
dan tunjangan hari raya 8.298 1.067 - 9.365 and festives provision
Lain-lain 12.600 3.231 335 16.166 Others
Jumlah 73.849 49.300 1.438 124.587 Total
97
Page 386
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
20. PERPAJAKAN (lanjutan) 20. TAXATION (continued)
f. Aset pajak tangguhan (lanjutan) f. Deferred tax assets (continued)
Rincian dari aset pajak tangguhan The details of the Bank's deferred tax assets
Bank adalah sebagai berikut: (lanjutan) are as follows: (continued)
31 Desember/December 31, 2022
Dikreditkan/
(dibebankan)
ke laporan laporan
laba rugi
Credited/(charged) Dibebankan ke
to statement of profit ekuitas/
31 Desember/ or loss and other Charged to 31 Desember/
December 31, 2021 income equity December 31, 2022
Cadangan kerugian
penurunan nilai Allowance for impairment
aset produktif 979 444 - 1.423 losses on earning assets
Cadangan kerugian Allowance for impairment
penurunan nilai losses on non-earning
aset non-produktif 6.494 19.492 - 25.986 assets
Provisi imbalan Provisions for employee
kerja karyawan 17.811 222 197 18.230 benefits obligation
Penyusutan aset tetap 4.344 2.968 - 7.312 Depreciation of fixed assets
Cadangan bonus 7.048 1.250 - 8.298 Bonus allowance
Lain-lain 5.397 2.344 4.859 12.600 Others
Jumlah 42.073 26.720 5.056 73.849 Total
g. Administrasi g. Administration
Berdasarkan Undang-Undang Perpajakan yang Under the Taxation Laws of Indonesia, the
berlaku di Indonesia, Bank menghitung, Bank calculates, determines and submits tax
menetapkan dan membayar sendiri besarnya returns on the basis of self assessments. The
jumlah pajak yang terutang. Direktur Jendral Director General of Tax (DGT) may assess or
Pajak (DJP) dapat menetapkan atau mengubah amend taxes within 5 (five) years since the tax
liabilitas pajak dalam waktu 5 (lima) tahun sejak becomes due.
saat terutangnya pajak.
21. LIABILITAS ATAS EFEK-EFEK YANG DIJUAL 21. LIABILITAS ON SECURITIES SOLD UNDER
DENGAN JANJI DIBELI KEMBALI REPURCHASE AGREEMENTS
Liabilitas atas efek-efek yang dijual dengan janji Liabilities on securities sold under repurchase
dibeli kembali pada tanggal 31 Desember 2023, agreements as of December 31, 2023 consists of :
terdiri dari :
31 Desember 2023/December 31, 2023
Jenis Beban
obligasi Nilai bunga yang
pemerintah/ Nilai pembelian belum Nilai
Type of nominal/ Tanggal Nilai jual/ kembali/ direalisasi/ tercatat/
Nasabah/ government Nominal dimulai/ Jatuh tempo/ Sale Repurchase Unrealized Carrying
Counterparty bonds amount Start date Due date amount amount interest value
expense
PT. Bank Rakyat
Indonesia Tbk/ 20 Des 2023/ 19 Jan 2024/
PT. Bank Rakyat
Indonesia Tbk IDSR08112436 100.000 Dec 20, 2023 Jan 19, 2024 94.085 94.610 315 94.295
100.000 94.085 94.610 315 94.295
98
Page 387
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
22. BUNGA YANG MASIH HARUS DIBAYAR 22. INTEREST PAYABLES
31 Desember/December 31
2023 2022
Simpanan dari nasabah Deposits from customers
Deposito berjangka 42.306 23.250 Time deposits
Giro 983 920 Current accounts
Tabungan 30 27 Saving accounts
Simpanan dari bank lain Deposits from other banks
Deposito berjangka 3 5 Time deposits
Giro 10 20 Current accounts
Call Money 472 - Call Money
Surat berharga subordinasi 3.149 2.831 Subordinated securities
Jumlah 46.953 27.053 Total
Termasuk dalam bunga yang masih harus dibayar Included in interest payables from deposits from
dari simpanan dari nasabah dan surat berharga customers and subordinated securities are
subordinasi adalah bunga yang masih harus dibayar interest payables to related parties amounting to
kepada pihak berelasi sebesar Rp3.149 dan Rp3,149 and Rp2,852, respectively as of
Rp2.852 masing-masing pada tanggal December 31, 2023 and 2022 (Note 32).
31 Desember 2023 dan 2022 (Catatan 32).
Bunga yang masih harus dibayar dalam mata uang Interest payables denominated in foreign
asing pada tanggal 31 Desember 2023 dan 2022 currencies as of December 31, 2023 and 2022
masing-masing adalah sebesar Rp16.057 dan amounted to Rp16,057 and Rp7,343.
Rp7.343.
23. SURAT BERHARGA SUBORDINASI 23. SUBORDINATED SECURITIES
Pada tanggal 26 Februari 2019, Bank menerbitkan On February 26, 2019, the Bank issued
surat berharga subordinasi sebesar USD30.000.000 subordinated securities of USD30,000,000 (full
(nilai penuh) dengan plafon sebesar amount) with plafond of USD50,000,000 (full
USD50.000.000 (nilai penuh) yang diambil oleh amount) that was subscribed by the ultimate
pemegang saham akhir, China Construction Bank shareholder, China Construction Bank
Corporation dalam rangka menambah modal Corporation to increase the Bank’s
pelengkap (Tier-2). Suku bunga pinjaman supplementary capital (Tier-2). Interest rate of
ditetapkan sebesar 3 (tiga) bulan LIBOR sampai subordinated securities is 3 (three) months
dengan 30 Juni 2023 dan selanjutnya menggunakan LIBOR up to June 30, 2023 and Secured
Secured Overnight Financing Rate (SOFR) Overnight Financing Financing Rate (SOFR)
ditambah 1,5% (150 bps) per tahun. Surat berharga onwards plus 1.5% (150 bps) per annum. The
subordinasi akan jatuh tempo pada tahun ke 5 (lima) subordinated securities will mature on the fifth
sejak tanggal efektif surat berharga yaitu pada year after the securities’ effective date which is
tanggal 26 Februari 2024. Pengakuan surat on February 26, 2024. Recognition of the
berharga subordinasi sebagai tambahan komponen subordinated securities as part of the Bank’s
modal pelengkap (Tier-2) telah mendapat additional supplementary capital (Tier-2) was
persetujuan OJK melalui surat approved by OJK in its letter
No. SR-80/PB.32/2019 tanggal 28 Juni 2019. No. SR-80/PB.32/2019 dated June 28, 2019.
99
Page 388
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
24. LIABILITAS LAIN-LAIN 24. OTHER LIABILITIES
31 Desember/December 31
2023 2022
Provisi kredit diterima di muka 33.286 33.131 Advances on loan provision
Setoran jaminan 9.992 4.226 Security deposits
Kewajiban trade dan Trade and treasury
treasuri operasional 7.652 3.179 operation liability
Cadangan kerugian penurunan nilai Allowance for impairment losses of
atas komitmen dan kontinjensi 7.354 7.051 commitments and contingencies
Biaya yang masih harus dibayar 5.102 2.540 Accrued expenses
Liabilitas sewa 2.808 8.690 Lease Liabilities
Titipan nasabah 2.767 1.211 Customers deposits
Liabilitas kepada notaris 190 210 Liability to notary
Lain-lain 6.945 2.471 Others
Jumlah 76.096 62.709 Total
Lain-lain merupakan akrual biaya promosi, broker, Others represent accruals for promotion,
jasa profesional, dan lainnya. brokerage, professional expenses and others.
Liabilitas lain-lain dalam mata uang asing pada Other liabilities denominated in foreign currencies
tanggal 31 Desember 2023 dan 2022 masing- as of December 31, 2023 and 2022 amounted to
masing adalah sebesar Rp31.393 dan Rp29.389. Rp31,393 and Rp29,389. Lease liabilities
Pengungkapan liabilitas sewa pada tanggal disclosed as of December 31, 2023 and 2022 are
31 Desember 2023 dan 2022 sebagai berikut: as follows:
31 Desember/December 31, 2023
Penambahan Liabilitas sewa
Saldo awal liabilitas Beban bunga yang telah Saldo akhir
1 Januari 2022/ sewa neto/ atas liabilitas dibayarkan/ 31 Desember 2022/
Beginning Addition of sewa/ Interest Lease Ending balance
balance lease payable on liabilities December 31,
Kategori aset pendasar January 1, 2023 liabilities net lease liabilities paid 2023 Category of underlying asset
Bangunan 123 3.823 182 (2.175) 1.953 Building
Kendaraan 2.509 - 115 (1.789) 835 Vehicle
Lainnya 6.058 47 580 (6.665) 20 Others
Jumlah 8.690 3.870 877 (10.629) 2.808 Total
31 Desember/December 31, 2022
Penambahan Liabilitas sewa
Saldo awal liabilitas Beban bunga yang telah Saldo akhir
1 Januari 2022/ sewa neto/ atas liabilitas dibayarkan/ 31 Desember 2022/
Beginning Addition of sewa/ Interest Lease Ending balance
balance lease payable on liabilities December 31,
Kategori aset pendasar January 1, 2022 liabilities net lease liabilities paid 2022 Category of underlying asset
Bangunan 2.115 - 57 (2.049) 123 Building
Kendaraan 3.067 1.230 188 (1.976) 2.509 Vehicle
Lainnya 13.745 168 1.044 (8.899) 6.058 Others
Jumlah 18.927 1.398 1.289 (12.924) 8.690 Total
100
Page 389
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
25. MODAL SAHAM 25. SHARE CAPITAL
Pada tanggal 11 Oktober 2019, Bank mendapatkan On October 11, 2019, the Bank has received
persetujuan Rapat Umum Pemegang Saham Luar approval from the Extraordinary General Meeting
Biasa sebagaimana termuat dalam Akta Berita of Shareholders as stated in Deed of Minutes of
Acara Rapat Umum Pemegang saham Luar Biasa Extraordinary General Meeting of Shareholders
No. 35 tanggal 11 Oktober 2019 yang dibuat di No. 35 dated October 11, 2019 made by Notary
hadapan Notaris Eliwaty Tjitra, S.H, Notaris di Eliwaty Tjitra SH, Notary in Jakarta, which
Jakarta yang menyetujui peningkatan modal approved to increase the Bank’s issued and paid-
ditempatkan dan disetor Bank dengan cara up capital by issuing new shares maximum of
mengeluarkan saham baru sebanyak-banyaknya 32,000,000,000 shares with nominal amount of
32.000.000.000 lembar saham dengan nilai nominal Rp100 (full amount) per share with offering price
masing-masing Rp100 (nilai penuh) per saham Rp150 (full amount) per share. Through Limited
dengan harga penawaran Rp150 (nilai penuh) per Public Offering (PUT) V in 2020, the Bank offers
saham. Melalui Penawaran Umum Terbatas (PUT) and issued 21,288,269,763 (twenty-one billion
V di 2020, Bank menawarkan dan menerbitkan two hundred and eighty-eight million two hundred
sebanyak 21.288.269.763 (dua puluh satu miliar dua and sixty-nine thousand seven hundred and sixty-
ratus delapan puluh delapan juta dua ratus enam three) New Shares.
puluh sembilan ribu tujuh ratus enam puluh tiga)
Saham Baru.
Hasil penerbitan saham tersebut telah diterima oleh The proceed of shares issuance has been
Bank sehingga dengan demikian jumlah seluruh received by the Bank so therefore the total
saham ditempatkan dan disetor penuh Bank number of issued and fully paid-up shares of the
meningkat menjadi 37.919.730.514 lembar saham Bank increases to 37,919,730,514 shares or
atau sebesar Rp3.791.973 dan terdapat Rp3,791,973 and increase the additional paid in
penambahan nilai tambahan modal disetor capital amounted to Rp1,029,030 to be
sebanyak Rp1.029.030 menjadi Rp1.267.378 Rp1,267,378 as stated in Deed of Resolutions
sebagaimana termuat dalam Akta Pernyataan Statement No. 87 dated December 16, 2020 by
Keputusan Rapat No. 87 tanggal 16 Desember 2020 Notary Eliwaty Tjitra SH, Notary in Jakarta, which
yang dibuat di hadapan Notaris Eliwaty Tjitra, SH has been approved by Ministry of Laws and
Notaris di Jakarta, yang telah mendapat persetujuan Human Rights No. AHU- AH.0221010. Year 2020
Menteri Hukum dan Hak Asasi Manusia No. AHU- dated December 30, 2020 and notice of the
AH.0221010 Tahun 2020 tanggal 30 Desember amendment has been received and recorded by
2020 dan pemberitahuan perubahan anggaran Ministry of Laws and Human Rights of the
dasarnya telah diterima dan dicatat dalam Sistem Republic of Indonesia as stated in the Letter
Administrasi Badan Hukum Menkumham AH.01.03-0425446 dated December 30, 2020.
No. AHU-AH.01.03-0425446 tanggal
30 Desember 2020.
101
Page 390
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
25. MODAL SAHAM (lanjutan) 25. SHARE CAPITAL (continued)
31 Desember 2023/December 31, 2023
Nilai nominal
per lembar saham
Jumlah lembar (nilai penuh)/ Jumlah nilai Persentase
saham/ Par value saham/ kepemilikan/
Number of per share Total shares Percentage of
shares (full amount) value ownership
Pemegang saham Shareholders
China Construction Bank China Construction Bank
Corporation 22.751.563.707 100 2.275.157 60,00% Corporation
UOB Kay Hian 3.112.882.656 100 311.288 8,21% UOB Kay Hian
Johnny Wiraatmadja 2.631.113.705 100 263.111 6,94% Johnny Wiraatmadja
Masyarakat (masing-masing
di bawah 5%) 9.424.170.446 100 942.417 24,85% Public (each below 5%)
Jumlah 37.919.730.514 100 3.791.973 100,00% Total
31 Desember 2022/December 31, 2022
Nilai nominal
per lembar saham
Jumlah lembar (nilai penuh)/ Jumlah nilai Persentase
saham/ Par value saham/ kepemilikan/
Number of per share Total shares Percentage of
shares (full amount) value ownership
Pemegang saham Shareholders
China Construction Bank China Construction Bank
Corporation 22.751.563.707 100 2.275.157 60,00% Corporation
UOB Kay Hian 3.112.882.656 100 311.288 8,21% UOB Kay Hian
Johnny Wiraatmadja 2.613.613.705 100 261.361 6,89% Johnny Wiraatmadja
Masyarakat (masing-masing
di bawah 5%) 9.441.670.446 100 944.167 24,90% Public (each below 5%)
Jumlah 37.919.730.514 100 3.791.973 100,00% Total
26. PENDAPATAN BUNGA 26. INTEREST INCOME
Untuk Tahun yang berakhir 31 Desember/
For the year ended December, 31
2023 2022
Kredit yang diberikan 1.325.422 1.024.885 Loans
Tagihan atas efek-efek yang dibeli Receivables on securities
dengan janji dijual kembali 222.504 223.097 under agreements to resale
Efek-efek 90.564 48.841 Marketable securities
Penempatan pada Bank Indonesia Placements with Bank
dan bank lain 40.168 17.521 Indonesia and other banks
Giro pada Bank Indonesia Current accounts with Bank
dan bank lain 11.520 8.262 Indonesia and other banks
Jumlah 1.690.178 1.322.606 Total
Pendapatan bunga yang berasal dari pihak berelasi Interest income from related parties amounted to
sebesar Rp485 dan Rp648 masing-masing pada Rp485 and Rp648 as of December 31, 2023 and
tanggal 31 Desember 2023 dan 2022 (Catatan 32). 2022, respectively (Note 32).
102
Page 391
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
27. BEBAN BUNGA 27. INTEREST EXPENSES
Untuk Tahun yang berakhir 31 Desember/
For the year ended December, 31
2023 2022
Deposito berjangka 587.476 401.874 Time deposits
Giro 45.939 40.805 Current accounts
Surat berharga subordinasi 34.153 16.111 Subordinated securities
Premi penjaminan pemerintah 32.366 40.077 Premium on government guarantee
Tabungan 17.405 15.924 Saving accounts
Simpanan dari bank lain 15.334 3.825 Deposits from other banks
Liabilitas atas efek-efek yang dijual Liabilities on securities
dengan janji dibeli kembali 626 36 sold under repurchase agreements
Jumlah 733.299 518.652 Total
Beban bunga kepada pihak berelasi sebesar Interest expenses to related parties amounted to
Rp34.607 dan Rp31.409 masing-masing pada Rp34,607 and Rp31,409 as of December 31,
tanggal 31 Desember 2023 dan 2022 (Catatan 32). 2023 and 2022, respectively (Note 32).
28. BEBAN UMUM DAN ADMINISTRASI 28. GENERAL AND ADMINISTRATIVE EXPENSES
Untuk Tahun yang berakhir 31 Desember/
For the year ended December, 31
2023 2022
Biaya penyusutan aset tetap Depreciation of fixed assets
dan aset hak guna (Catatan 12) 50.729 71.837 and right-of-uses (Note 12)
Teknologi sistem informasi 26.491 20.391 IT system
Jasa profesional 22.643 23.547 Professional fees
Outsourcing 21.970 21.164 Outsourcing
Pungutan OJK 12.417 11.915 OJK levy
Biaya barang dan jasa 8.968 9.006 Cost of goods and services
Perjalanan dan transportasi 7.826 6.055 Travel and transportation
Administrasi bank 7.632 7.710 Bank charges
Latihan dan pendidikan 7.352 3.243 Training and education
Perbaikan dan pemeliharaan 6.847 6.931 Repairs and maintenance
Jasa transaksi ATM 6.686 5.957 ATM transaction fees
Sewa kantor 6.271 5.862 Rental
Core Deposits Intangible 5.543 5.543 Core Deposits Intangible
Biaya keanggotaan dan representasi 3.489 3.980 Membership and representation
Alat-alat tulis dan perlengkapan kantor 3.200 2.998 Stationery and office supplies
Publikasi 2.610 3.696 Publications
Pajak dan perizinan 2.307 3.057 Tax & license
Iuran dana pensiun (Catatan 35) 1.321 1.011 Contribution pension plan (Note 35)
Biaya premi asuransi 1.016 1.454 Insurance Premi
Lain-lain 30.991 24.028 Others
Jumlah 236.309 239.385 Total
29. BEBAN TENAGA KERJA 29. PERSONNEL EXPENSES
Untuk Tahun yang berakhir 31 Desember/
For the year ended December, 31
2023 2022
Gaji dan tunjangan lainnya 245.060 237.900 Salaries and other benefits
Tunjangan hari raya dan akhir tahun 30.022 28.116 Festives and year-end allowances
Bonus 32.400 24.000 Bonus
Jumlah 307.482 290.016 Total
103
Page 392
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
30. KOMITMEN DAN KONTINJENSI 30. COMMITMENTS AND CONTINGENCIES
Bank memiliki tagihan dan liabilitas komitmen dan The Bank has commitments and contingent
kontinjensi dengan rincian sebagai berikut: receivables and liabilities as follows:
31 Desember/December, 31
2023 2022
Komitmen Commitments
Tagihan komitmen Commitment receivables
Transaksi mata uang asing Unsettled foreign currencies
yang belum diselesaikan 1.317.853 1.688.891 transactions
Irrevocable letters of credit 22.354 2.335 Irrevocable letters of credit
Liabilitas komitmen Commitment liabilities
Fasilitas kredit kepada nasabah
yang belum digunakan (6.861.882) (4.248.150) Unused loan facilities
Irrevocable letters of credit (22.354) (2.335) Irrevocable letters of credit
Transaksi mata uang asing Unsettled foreign currencies
yang belum diselesaikan (1.307.554) (1.675.011) transactions
Liabilitas komitmen - neto (6.851.583) (4.234.270) Commitment liabilities - net
Kontinjensi Contingencies
Tagihan kontinjensi Contingent receivables
Pendapatan bunga
dalam penyelesaian 187.811 158.719 Past due interest revenues
Garansi yang diterima 4.776.848 3.315.885 Guarantee received
Liabilitas kontinjensi Contingent liabilities
Garansi yang diterbitkan (966.878) (652.918) Guarantee issued
Liabilitas kontinjensi - neto 3.997.781 2.821.686 Contingent liabilities - net
Saldo transaksi komitmen dan kontinjensi dengan Commitments and contingencies transactions
pihak berelasi sebesar RpNihil masing-masing pada with related parties amounted to RpNil as of
tanggal 31 Desember 2023 dan 2022. December 31, 2023 and 2022, respectively.
Perubahan nilai tercatat bruto atas tagihan dan Movements in the gross carrying amount of
liabilitas komitmen dan kontinjensi adalah sebagai commitments and contingencies are as follows:
berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal Initial gross carrying amount
1 Januari 2022 3.721.754 - - 3.721.754 January 1, 2022
Aset baru 2.037.692 - - 2.037.692 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (539.151) - - (539.151) (excluding write-offs)
Pengukuran kembali (316.892) - - (316.892) Remeasurement
31 Desember 2022 4.903.403 - - 4.903.403 December 31, 2022
Aset baru 3.153.554 - - 3.153.554 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized
dilunasi (kecuali or repaid
hapus buku) (205.843) - - (205.843) (excluding write-offs)
Transfer ke tahap 2 (3.463) 3.463 - - Transfer to stage 2
Pengukuran kembali - - - - Remeasurement
31 Desember 2023 7.851.114 - - 7.851.114 December 31, 2023
104
Page 393
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
30. KOMITMEN DAN KONTINJENSI (lanjutan) 30. COMMITMENTS AND CONTINGENCIES
(continued)
Perubahan cadangan kerugian penurunan nilai atas The movements in the allowance for impairment
komitmen dan kontinjensi adalah sebagai berikut: losses of commitments and contingencies are as
follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Saldo awal Beginning balance
1 Januari 2022 2.452 - - 2.452 1 January 2022
Aset baru 2.648 - - 2.648 New assets originated
Aset dihentikan Assets derecognized
pengakuannya atau or repaid
dilunasi (kecuali hapus buku) (311) - - (311) (excluding write-offs)
Pengukuran kembali 2.262 - - 2.262 Remeasurement
31 Desember 2022 7.051 - - 7.051 December 31, 2022
Aset baru 173 - - 173 New assets originated
Aset dihentikan Assets derecognized
pengakuannya atau or repaid
dilunasi (kecuali hapus buku) - - - - (excluding write-offs)
Transfer ke tahap 2 (150) 150 - - Transfer to stage 2
Pengukuran kembali 130 - - 130 Remeasurement
31 Desember 2023 7.332 - - 7.354 December 31, 2023
31. LABA BERSIH PER SAHAM 31. EARNINGS PER SHARE
Laba bersih per saham dasar dihitung dengan Basic earnings per share is calculated by dividing
membagi laba bersih tahun berjalan dengan rata- net income by the weighted average number of
rata tertimbang jumlah saham yang beredar pada outstanding shares during the related years.
tahun yang bersangkutan.
Pada tanggal 31 Desember 2023 dan 2022, tidak As of December 31, 2023 and 2022, there were
ada efek yang berpotensi menjadi saham biasa. no securities which can be converted into
Oleh karena ini, laba per saham dilusian sama common shares. Therefore, diluted earnings per
dengan laba per saham dasar. share is equivalent to basic earnings per share.
Untuk Tahun yang berakhir 31 Desember/
For the year ended December, 31
2023 2022
Laba bersih tahun berjalan 241.291 135.959 Net income for the year
Jumlah rata-rata tertimbang Weighted average number of shares
saham untuk perhitungan for the computation of
laba per saham 37.919.730.514 37.919.730.514 basic earnings per share
Laba bersih per saham dasar dan Basic and diluted earnings
dilusian (dalam Rupiah penuh) 6,36 3,59 per share (in full Rupiah)
105
Page 394
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
32. SIFAT DAN TRANSAKSI PIHAK BERELASI 32. NATURE OF RELATIONSHIP AND
TRANSACTIONS WITH RELATED PARTIES
Sifat hubungan berelasi Nature of relationship
Rincian sifat hubungan dan jenis transaksi yang The details of the relationship and type of
signifikan dengan pihak berelasi pada tanggal significant transactions with related parties as of
31 Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022 are as follows:
berikut:
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transactions
China Construction Bank Corporation/ Pemegang saham akhir/Ultimate Surat berharga subordinasi,
China Construction Bank Corporation shareholder Simpanan dari bank
lain/Subordinated securities,
Deposits from other banks
China Construction Bank Corporation, Kantor cabang dari pemegang saham Giro pada bank lain/Current accounts
Cabang Tokyo/ akhir/Branch office of the ultimate with other banks
China Construction Bank Corporation, shareholder
Tokyo Branch
China Construction Bank Corporation, Kantor cabang dari pemegang saham Giro pada bank lain/Current accounts
Cabang Shenzhen/ akhir/Branch office of the ultimate with other banks
China Construction Bank Corporation, shareholder
Shenzhen Branch
China Construction Bank Corporation, Kantor cabang dari pemegang saham Giro pada bank lain/Current accounts
Cabang London/ akhir/Branch office of the ultimate with other banks
China Construction Bank Corporation, shareholder
London Branch
China Construction Bank Corporation, Kantor cabang dari pemegang saham Giro pada bank lain/Current accounts
Zhejiang Branch akhir/Branch office of the ultimate with other banks
shareholder
Dana Pensiun Bank Windu/ Dikelola oleh pejabat eksekutif Simpanan dari nasabah/Deposits
Bank Windu Pension Fund Bank/Controlled by Bank’s from customers
executive officers
Dewan Komisaris, Direksi dan Manajemen Bank/The Bank’s Kredit yang diberikan, Simpanan dari
karyawan kunci/Board of Management nasabah /Loans, Deposits from
Commissioners, Board of customers
Directors and the Bank’s key
personnel
106
Page 395
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
32. SIFAT DAN TRANSAKSI PIHAK BERELASI 32. NATURE OF RELATIONSHIP AND
(lanjutan) TRANSACTIONS WITH RELATED PARTIES
(continued)
Transaksi-transaksi dengan pihak berelasi Transactions with related parties
Dalam kegiatan usaha normal, Bank melakukan In the normal course of business, the Bank
transaksi-transaksi tertentu dengan pihak-pihak entered into certain transactions with related
berelasi, dimana dilaksanakan dengan syarat dan parties, whereby it was conducted under terms
kondisi yang sama sebagaimana dilakukan dengan and conditions similar to those granted to third
pihak yang tidak berelasi, kecuali untuk kredit yang parties, with the exception of loans granted to the
diberikan kepada karyawan. Bank’s employees.
a. Transaksi aset dengan pihak berelasi adalah a. Asset account balances of transactions with
sebagai berikut: related parties are as follows:
31 Desember/December 31
2023 2022
Aset Assets
Kredit yang diberikan 6.569 7.676 Loans
Giro pada bank lain: Current accounts with other banks:
China Construction Bank China Construction Bank
Corporation, Cabang Corporation,
Shenzhen 17.877 7.302 Shenzhen Branch
China Construction Bank China Construction Bank
Corporation, Cabang Zhejiang 7.470 2.679 Corporation, Zhejiang Branch
China Construction Bank China Construction Bank
Corporation, Cabang London 3.717 124 Corporation, London Branch
China Construction Bank China Construction Bank
Corporation, Cabang Tokyo 1.631 83 Corporation, Tokyo Branch
Pendapatan bunga yang
masih akan diterima 15 18 Interest receivables
Jumlah aset dari pihak-pihak Total assets with
berelasi 37.279 17.882 related parties
Jumlah aset 27.851.946 25.022.953 Total assets
Persentase atas saldo aset dari pihak-pihak The percentages of asset balances with
berelasi terhadap jumlah aset adalah sebagai related parties compared to total assets are
berikut: as follows:
31 Desember/December 31
2023 2022
Kredit yang diberikan 0,02% 0,03% Loans
Giro pada bank lain 0,11% 0,04% Current accounts with other banks
Pendapatan bunga yang masih
akan diterima 0,00% 0,00% Interest receivables
Persentase aset dari pihak-pihak Total percentage of assets with
berelasi terhadap jumlah aset 0,13% 0,07% related parties to total assets
107
Page 396
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
32. SIFAT DAN TRANSAKSI PIHAK BERELASI 32. NATURE OF RELATIONSHIP AND
(lanjutan) TRANSACTIONS WITH RELATED PARTIES
(continued)
Transaksi-transaksi dengan pihak berelasi Transactions with related parties (continued)
(lanjutan)
b. Transaksi liabilitas dengan pihak berelasi b. Liabilities account balances of transactions
adalah sebagai berikut: with related parties are as follows:
31 Desember/December 31
2023 2022
Liabilitas Liabilities
Surat berharga subordinasi 461.910 467.025 Subordinated securities
Simpanan dari nasabah 16.788 14.924 Deposits from customers
Simpanan dari bank lain 70 229 Deposits from other banks
Bunga yang masih harus dibayar 3.149 2.852 Interest payables
Jumlah liabilitas dari pihak-pihak
berelasi 481.917 485.030 Total liabilities with related parties
Jumlah liabilitas 21.311.389 18.823.716 Total liabilities
Persentase atas saldo liabilitas dari pihak-pihak The percentages of liability balances with
berelasi terhadap jumlah liabilitas adalah related parties compared to total liabilities are
sebagai berikut: as follows:
31 Desember/December 31
2023 2022
Surat berharga subordinasi 2,17% 2,48% Subordinated securities
Simpanan dari nasabah 0,08% 0,08% Deposits from customers
Simpanan dari bank lain 0,00% 0,00% Deposits from other banks
Bunga yang masih harus dibayar 0,01% 0,02% Interest payables
Persentase liabilitas dari pihak- Total percentage of liabilities
pihak berelasi terhadap with related parties to
jumlah liabilitas 2,26% 2,58% total liabilities
c. Transaksi laba rugi dengan pihak berelasi c. Statements of profit or loss transactions with
adalah sebagai berikut: related parties are as follows:
Untuk Tahun yang berakhir 31 Desember/
For the year ended December, 31
2023 2022
Laporan laba rugi Statements of profit or loss
Pendapatan bunga 485 648 Interest income
Beban bunga 34.607 31.409 Interest expenses
Persentase atas saldo laporan laba rugi dari The percentages of statements of profit and
pihak-pihak berelasi terhadap jumlah masing- loss balance with related parties compared to
masing adalah sebagai berikut: respective totals are as follows:
Untuk Tahun yang berakhir 31 Desember/
For the year ended December, 31
2023 2022
Pendapatan bunga 0,03% 0,05% Interest income
Beban bunga 0,05% 0,06% Interest expenses
108
Page 397
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
32. SIFAT DAN TRANSAKSI PIHAK BERELASI 32. NATURE OF RELATIONSHIP AND
(lanjutan) TRANSACTIONS WITH RELATED PARTIES
(continued)
Transaksi-transaksi dengan pihak berelasi Transactions with related parties (continued)
(lanjutan)
d. Kompensasi manajemen kunci: d. Compensation of key management
personnels:
Jumlah agregat dari kompensasi terhadap The aggregate compensation of key
manajemen kunci Bank pada tanggal management personnel of the Bank as of
31 Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022 are as follows
berikut (tidak diaudit): (unaudited):
31 Desember/December 31
2023 2022
Imbalan jangka pendek Short-term employee benefits
Direksi 31.698 29.541 Board of Directors
Dewan Komisaris 2.872 2.772 Board of Commissioners
Komite Audit 622 851 Audit Committee
Karyawan kunci 63.471 55.994 Key management personnel
Imbalan jangka panjang Post-employment benefits
Direksi - 1.508 Board of Directors
Karyawan kunci 91 271 Key management personnels
Jumlah 98.754 90.937 Total
33. POSISI DEVISA NETO 33. NET OPEN POSITION
Perhitungan Posisi Devisa Neto (“PDN”) didasarkan The Net Open Position (“NOP”) is calculated
pada Peraturan Bank Indonesia No. 5/13/PBI/2003 based on Bank Indonesia Regulation
tanggal 17 Juli 2003 sebagaimana telah diubah No. 5/13/PBI/2003 dated July 17, 2003 which was
terakhir dengan Peraturan Bank Indonesia last amended by Bank Indonesia Regulation
No. 17/5/PBI/2015 tanggal 29 Mei 2015 tentang No. 17/5/PBI/2015 dated May 29, 2015 regarding
Posisi Devisa Neto Bank Umum. Berdasarkan Net Open Position for Commercial Bank. Based
peraturan tersebut, Bank diwajibkan untuk menjaga on this regulation, the Bank is required to maintain
rasio PDN laporan posisi keuangan dan secara Net Open Position ratio of the overall statements
keseluruhan maksimum 20% dari jumlah modal. of financial position at a maximum of 20% of the
PDN adalah penjumlahan nilai absolut yang total capital. The NOP is the sum of the absolute
dinyatakan dalam Rupiah dari selisih neto antara values, which are stated in Rupiah, of the net
aset dan liabilitas dalam mata uang asing dan selisih difference between the assets and liabilities
neto dari tagihan dan liabilitas komitmen dan denominated in each foreign currency and the net
kontinjensi yang dicatat dalam rekening administratif difference of the receivables and payables of both
yang didenominasi dalam setiap mata uang asing. commitments and contingencies recorded in the
Perhitungan Posisi Devisa Neto (“PDN”) didasarkan administrative accounts denominated in each
Peraturan Bank Indonesia No. 15 Tahun 2023 foreign currency. The Net Open Position (“NOP”)
Perubahan Ketiga Atas Peraturan Bank Indonesia is calculated based on Bank Indonesia Regulation
Nomor 22/14/PBI/2020 Tentang Operasi Moneter. No. 15 dated 2023 which was third amendment to
Bank Indonesia regulation No 22/14/PBI/2020
regarding Monetary Operation.
109
Page 398
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
33. POSISI DEVISA NETO (lanjutan) 33. NET OPEN POSITION (continued)
Posisi Devisa Neto Bank pada tanggal The Bank’s Net Open Position as of
31 Desember 2023 dan 2022 adalah sebagai December 31, 2023 and 2022 are as follows:
berikut:
31 Desember/December 31, 2023
Aset/ Liabilitasl Posisi Devisa Neto/
Assets Liabilities Net Open Position
Mata Uang Currencies
Keseluruhan (laporan posisi Aggregate (statement of
keuangan dan rekening financial position and
administratif) administrative accounts)
Dolar Amerika Serikat 6.283.503 6.280.086 3.417 United States Dollar
Dolar Singapura 794.272 796.900 2.628 Singapore Dollar
Yuan Renminbi Cina 266.925 264.115 2.810 Chinese Yuan Renminbi
Dolar Australia 1.122 746 376 Australian Dollar
Yen Jepang 1.631 1.323 308 Japanese Yen
Euro Eropa 1.136 552 584 European Euro
Dolar Hong Kong 44 - 44 Hong Kong Dollar
Poundsterling
Britania Raya 3.717 3.913 196 Great Britain Poundsterling
Jumlah 7.352.350 7.347.635 10.363 Total
Jumlah Modal Tier I dan Tier II Total Capital Tier I and Tier II
pada tanggal 31 Desember 2023 6.209.630 December 31, 2023
Rasio PDN pada tanggal NOP Ratio as of
31 Desember 2023 0,17% December 31, 2023
Jumlah Modal Tier I dan Tier II Total Capital Tier I and Tier II
pada tanggal 30 November 2023 6.147.957 November 30, 2023
Rasio PDN pada tanggal NOP Ratio as of
30 November 2023 0,17% November 30, 2023
31 Desember/December 31, 2022
Aset/ Liabilitasl Posisi Devisa Neto/
Assets Liabilities Net Open Position
Mata Uang Currencies
Keseluruhan (laporan posisi Aggregate (statement of
keuangan dan rekening financial position and
administratif) administrative accounts)
Dolar Amerika Serikat 5.646.290 5.628.236 18.054 United States Dollar
Dolar Singapura 704.587 708.629 4.042 Singapore Dollar
Yuan Renminbi Cina 320.402 321.262 860 Chinese Yuan Renminbi
Dolar Australia 614 645 31 Australian Dollar
Yen Jepang 708 525 183 Japanese Yen
Euro Eropa 13.508 13.965 457 European Euro
Dolar Hong Kong 172 - 172 Hong Kong Dollar
Poundsterling
Britania Raya 124 - 124 Great Britain Poundsterling
Jumlah 6.686.405 6.673.262 23.923 Total
Jumlah Modal Tier I dan Tier II Total Capital Tier I and Tier II
pada tanggal 31 Desember 2022 5.992.483 December 31, 2022
Rasio PDN pada tanggal NOP Ratio as of
31 Desember 2022 0,40% December 31, 2022
Jumlah Modal Tier I dan Tier II Total Capital Tier I and Tier II
pada tanggal 30 November 2022 5.997.850 November 30, 2022
Rasio PDN pada tanggal NOP Ratio as of
30 November 2022 0,40% November 30, 2022
110
Page 399
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
34. NILAI WAJAR ASET DAN LIABILITAS 34. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN LIABILITIES
Nilai wajar adalah harga yang akan diterima untuk Fair value is the price that would be received to
menjual suatu aset atau harga yang akan dibayar sell an asset or paid to transfer a liability in an
untuk mengalihkan suatu liabilitas dalam transaksi orderly transaction between market participants
teratur antara pelaku pasar pada tanggal at the measurement date.
pengukuran.
Tabel berikut menunjukkan nilai tercatat dan The following table sets forth the carrying
estimasi nilai wajar aset dan liabilitas keuangan amounts and estimated fair values of Bank
Bank pada tanggal 31 Desember 2023 dan 2022: financial assets and liabilities as of December 31,
2023 and 2022:
31 Desember/December 31
2023 2022
Nilai tercatat/ Nilai wajar/ Nilai tercatat/ Nilai wajar/
Carrying value Fair value Carrying value Fair value
Aset keuangan Financial assets
Nilai wajar melalui laba atau rugi Fair value through profit or loss
Tagihan derivatif 12.832 12.832 12.738 12.738 Derivative receivables
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
Efek-efek 4.208.153 4.208.153 903.233 903.233 Marketable securities
Diukur pada biaya perolehan
diamortisasi Measured at amortized cost
Efek-efek 450.630 452.866 - - Marketable securities
Kas 212.839 212.839 217.290 217.290 Cash
Giro pada Current accounts with
Bank Indonesia 1.552.681 1.552.681 1.481.410 1.481.410 Bank Indonesia
Current accounts with
Giro pada bank lain - neto 139.016 139.016 279.154 279.154 other banks - net
Penempatan pada
Bank Indonesia dan Placements with Bank Indonesia
bank lain - neto 44.999 44.999 624.216 624.216 and other banks - net
Tagihan atas efek-efek yang Receivables on securities purchased
dibeli dengan janji dijual kembali 1.069.249 1.069.249 3.947.168 3.947.168 under agreements to resale
Kredit yang diberikan - neto 18.846.417 18.846.417 16.232.539 16.232.539 Loans - net
Pendapatan bunga yang
masih akan diterima 98.444 98.444 57.308 57.308 Interest receivables
Aset lain-lain* 6.257 6.257 6.105 6.105 Other assets*
Jumlah aset keuangan 26.641.517 26.643.753 23.761.161 23.761.161 Total financial assets
Liabilitas keuangan Financial liabilities
Liabilitas segera 20.501 20.501 16.495 16.495 Obligation due immediately
Liabilitas derivatif 2.023 2.023 1.764 1.764 Derivative payables
Simpanan dari nasabah: Deposits from customers:
Giro 3.126.957 3.126.957 2.990.153 2.990.153 Current accounts
Tabungan 1.087.415 1.087.415 1.057.862 1.057.862 Saving account
Deposito berjangka 15.772.440 15.772.440 13.898.563 13.898.563 Time deposits
Simpanan dari bank lain 324.650 324.650 68.011 68.011 Deposits from other banks
Liabilitas atas efek-efek
yang dijual dengan
Janji dibeli kembali 94.295 94.295 - - Deposits from other banks
Surat berharga subordinasi 461.910 461.910 467.025 467.025 Subordinated securities
Bunga yang masih
harus dibayar 46.953 46.953 27.053 27.053 Interest payables
Liabilitas lain-lain** 10.182 10.182 4.436 4.436 Other liabilities**
Jumlah liabilitas keuangan 20.947.326 20.947.326 18.531.362 18.531.362 Total financial liabilities
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *)Other assets consist of ATM Prima billing transaction and deposit guarantee
**) Liabilitas lain-lain terdiri dari setoran jaminan dan liabilitas kepada notaris **)Other liabilities consist of deposits and liability to notary
111
Page 400
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
34. NILAI WAJAR ASET DAN LIABILITAS 34. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
Instrumen keuangan Bank diakui pada nilai wajar The Bank’s financial instruments recognised at
berdasarkan hierarki sebagai berikut: fair value based on the hierarchy described
below:
(i) Tingkat 1: dikutip dari harga pasar aktif untuk (i) Level 1: quoted (unadjusted) prices in active
aset atau liabilitas keuangan yang identik; markets for identical financial assets or
liabilities;
(ii) Tingkat 2: yang melibatkan input selain dari (ii) Level 2: those involving inputs other than
harga pasar aktif yang dikutip yang termasuk quoted prices included in Level 1 that are
dalam tingkat 1 yang dapat diobservasi untuk observable for the asset or liability, either
aset dan liabilitas, baik secara langsung (seperti directly (as prices) or indirectly (derived from
harga) atau tidak langsung (turunan dari harga); prices);
(iii) Tingkat 3: input untuk aset dan liabilitas yang (iii) Level 3: those with inputs for the asset or
tidak didasarkan pada data yang dapat liability that are not based on observable
diobservasi di pasar (input yang tidak dapat market data (unobservable inputs).
diobservasi).
Instrumen keuangan yang diukur pada nilai wajar Financial instruments measured at fair value
Tabel di bawah ini menunjukkan instrumen The tables below show the financial instruments
keuangan yang diukur pada nilai wajar yang measured at fair value grouped according to the
dikelompokkan berdasarkan hierarki nilai wajar: fair value hierarchy:
31 Desember/December 31, 2023
Tingkat/ Tingkat/ Tingkat/ Jumlah/
Level 1 Level 2 Level 3 Total
Aset keuangan Financial assets
Nilai wajar melalui Fair value through
laba rugi profit or loss
Tagihan derivatif - 12.832 - 12.832 Derivative receivables
Diukur pada nilai wajar melalui Measured at fair value through
penghasilan komprehensif lain other comprehensive income
Efek-efek 4.208.153 - - 4.208.153 Marketable securities
4.208.153 12.832 - 4.220.985
31 Desember/December 31, 2022
Tingkat/ Tingkat/ Tingkat/ Jumlah/
Level 1 Level 2 Level 3 Total
Aset keuangan Financial assets
Nilai wajar melalui Fair value through
laba rugi profit or loss
Tagihan derivatif - 12.738 - 12.738 Derivative receivables
Diukur pada nilai wajar melalui Measured at fair value through
penghasilan komprehensif lain other comprehensive income
Efek-efek 903.233 - - 903.233 Marketable securities
903.233 12.738 - 915.971
112
Page 401
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
34. NILAI WAJAR ASET DAN LIABILITAS 34. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN (lanjutan) LIABILITIES (continued)
Instrumen keuangan yang tidak diukur pada nilai Financial instruments not measured at fair value
wajar
Kredit yang diberikan dan surat berharga Loans and subordinated securities which are
subordinasi yang merupakan instrumen keuangan financial instruments that are not measured at fair
yang tidak diukur pada nilai wajarnya value are classified as Level 3 in the fair value
dikelompokkan sebagai Tingkat 3 dalam hierarki hierarchy.
nilai wajar.
Nilai wajar aset dan liabilitas keuangan selain efek- Fair values of certain financial assets and
efek yang dimiliki hingga jatuh tempo, kredit yang liabilities other than held-to-maturity securities,
diberikan dan surat berharga subordinasi mendekati loans and subordinated securities are
nilai tercatat karena instrumen keuangan tersebut approximately the same with their carrying
memiliki jangka waktu jatuh tempo jangka pendek amounts due to the short-term maturities of these
(level 2) dan/atau suku bunganya sering ditinjau financial instruments and/or repriced frequently
ulang. (level 2).
Nilai wajar dari kredit yang diberikan dengan suku The carrying amounts of variable rate loans and
bunga mengambang dan nilai tercatat atas kredit short-term fixed rate loans are the reasonable
jangka pendek dengan suku bunga tetap adalah approximation of their fair values. The carrying
perkiraan yang layak atas nilai wajar. Nilai wajar dari amount of long term fixed rate loans shows the
kredit jangka panjang yang diberikan dengan suku discounted estimated future cash flows. The cash
bunga tetap menunjukkan nilai diskon dari perkiraan flows estimation is discounted at the market
arus kas masa depan yang diharapkan akan interest rate to determine fair value. Included in
diterima oleh Bank. Perkiraan arus kas ini loans are allowance for impairment losses which
didiskontokan dengan menggunakan suku bunga are calculated using the method as disclosed in
pasar untuk menentukan nilai wajar. Termasuk di Note 2.
dalam kredit yang diberikan adalah cadangan
kerugian penurunan nilai yang telah diperhitungkan
dengan metode yang disajikan pada Catatan 2.
Surat berharga subordinasi memiliki tingkat suku The subordinated securities bear variable rate.
bunga mengambang (level 2). Oleh karena itu, nilai Therefore (level 2), the amortized cost represent
tercatat mencerminkan nilai wajar. reasonable approximation of the fair value.
35. LIABILITAS IMBALAN KERJA KARYAWAN 35. EMPLOYMENT BENEFITS OBLIGATION
Liabilitas imbalan kerja karyawan terdiri dari: Employment benefits obligation consists of:
31 Desember/December 31
2023 2022
Liabilitas imbalan kerja - jangka panjang 98.769 82.861 Long-term employee benefits
Liabilitas imbalan kerja - lainnya 69.731 56.400 Long-term employee benefits - other
Jumlah 168.500 139.261 Total
113
Page 402
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. LIABILITAS IMBALAN KERJA KARYAWAN 35. EMPLOYMENT BENEFITS OBLIGATION
(lanjutan) (continued)
Imbalan kerja lainnya Other employee benefits
Imbalan kerja lainnya termasuk imbalan kerja Other employee benefits include short-term
jangka pendek untuk bonus dan imbalan kerja employee benefits for bonuses and long-term
jangka panjang untuk manajemen. Bank mengakui employee benefits for management. The Bank
liabilitas dan beban imbalan kerja jangka pendek recognises liabilities and expenses for short-term
untuk bonus berdasarkan rumusan yang employee benefits for bonuses based on a
mempertimbangkan kinerja karyawan dan laba formula that takes into consideration the
sebelum pajak Bank setelah penyesuaian tertentu employee’s performance and the Bank’s income
yang menyebabkan kewajiban konstruktif. Bank before tax expense after certain adjustments has
mengakui liabilitas dan beban imbalan kerja jangka created a constructive obligation. The Bank
panjang untuk manajemen berdasarkan rumusan recognises liabilities and expenses for long-term
yang mempertimbangkan masa kerja manajemen employee benefits for management based on a
pada akhir periode pelaporan. formula that takes into consideration the
management’s service periods at the end of
reporting period.
Program pensiun manfaat pasti Defined benefits pension plan
Bank mempunyai imbalan pasca-kerja manfaat As of December 31, 2023 and 2022 the Bank
pasti yang terdiri atas program pensiun imbalan provides post-employment defined benefits which
pasti dan imbalan pasca-kerja per tanggal consist of a defined benefits pension plan and
31 Desember 2023 dan 2022 sesuai dengan post-employments benefits in accordance with
Undang-Undang Nomor 11 tahun 2020, PP Nomor Law No. 11 of 2020, PP No. 35 of 2021 on Job
35 tahun 2021 tentang Cipta Kerja dan Peraturan Creation and the Bank’s Regulation period 2021-
Perusahaan periode 2021-2023. 2023.
Bank membentuk liabilitas atas imbalan pasca-kerja The Bank calculates the employee defined
manfaat pasti dan imbalan kerja jangka panjang benefits liabilities and long-term employee
untuk Pejabat dan karyawan yang memenuhi kriteria benefits for eligible Board level and employee
berdasarkan perhitungan aktuaria oleh PT Biro based on the actuarial calculations of PT Biro
Pusat Aktuaria, pihak ketiga dalam laporannya Pusat Aktuaria, a third party in their report dated
tertanggal 17 Januari 2024 dan 10 Januari 2023 January 17, 2024 and January 10, 2023 for the
untuk tahun yang berakhir pada tanggal years ended on December 31, 2023 and 2022.
31 Desember 2023 dan 2022.
Program pensiun imbalan pasti didanai, dikelola The defined benefits pension plan is funded and
oleh Dana Pensiun Bank Windu, pihak berelasi, managed by Dana Pensiun Bank Windu, a related
untuk karyawan Bank yang telah diangkat dan party, for registered employees. The employee’s
mendaftarkan diri sebagai peserta. Kontribusi contribution is 5.00% of the employee’s base
pegawai adalah sebesar 5,00% dari penghasilan salary and the remaining amounts required to
dasar karyawan dan sisa jumlah yang diperlukan fund the plan are contributed by the Bank.
untuk mendanai program tersebut dikontribusi oleh Employer’s contribution to this program
Bank. Kontribusi pemberi kerja pada program ini recognised in the statements of profit or loss and
yang dilaporkan dalam laporan laba rugi dan other comprehensive income for the years ended
penghasilan komprehensif lain untuk tahun yang December 31, 2023 and 2022 amounted to
berakhir pada tanggal 31 Desember 2023 dan 2022 Rp1,321 and Rp1,011, respectively.
masing-masing sebesar Rp1.321 dan Rp1.011.
114
Page 403
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. LIABILITAS IMBALAN KERJA KARYAWAN 35. EMPLOYMENT BENEFITS OBLIGATION
(lanjutan) (continued)
Berikut ini adalah asumsi utama yang digunakan The following are the key assumptions used in the
dalam laporan aktuaria: actuarial reports:
31 Desember/December 31
2023 2022
Tingkat diskonto imbalan kerja Long term employee benefit
jangka panjang karyawan 6,37%-7,10% 5,77% - 7,30% discount rate
Tingkat pengembalian aset program 6,63% 6,94% Expected return on plan assets
Tingkat kenaikan gaji per tahun 3,00% 3,00% Annual salary increase rates
Tingkat kematian TMI_2019*) TMI_2019*) Mortality rate
Usia pensiun (tahun) 55 55 Retirement age (years old)
*)
Tabel Mortalita Indonesia/Mortality Table of Indonesia 2019
a. Liabilitas imbalan kerja a. Employee benefits liabilities
31 Desember/December 31, 2023
Program pensiun
Program pensiun Program pensiun imbalan pasti
imbalan pasti imbalan pasti tidak didanai
didanai/ tidak didanai/ lainnya/
Defined benefits Defined benefits Other defined
pension plan pension benefits pension
- funded plan - unfunded - unfunded
Nilai kini liabilitas
imbalan kerja 19.287 98.769 19.287 Present value of benefits obligation
Nilai wajar aset program (23.994) - - Fair value of plan assets
Pengaruh aset plafon 4.707 - - The effect of assets ceiling
Liabilitas - neto - 98.769 19.287 Liabilities - net
31 Desember/December 31, 2022
Program pensiun
Program pensiun Program pensiun imbalan pasti
imbalan pasti imbalan pasti tidak didanai
didanai/ tidak didanai/ lainnya/
Defined benefits Defined benefits Other defined
pension plan pension benefits pension
- funded plan - unfunded - unfunded
Nilai kini liabilitas
imbalan kerja 17.833 82.861 16.196 Present value of benefits obligation
Nilai wajar aset program (23.500) - - Fair value of plan assets
Pengaruh aset plafon 5.667 - - The effect of assets ceiling
Liabilitas - neto - 82.861 16.196 Liabilities - net
115
Page 404
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. LIABILITAS IMBALAN KERJA KARYAWAN 35. EMPLOYMENT BENEFITS OBLIGATION
(lanjutan) (continued)
b. Nilai kini liabilitas imbalan kerja b. Present value of benefits obligation
31 Desember/December 31, 2023
Program pensiun
Program pensiun Program pensiun imbalan pasti
imbalan pasti imbalan pasti tidak didanai
didanai/ tidak didanai/ lainnya/
Defined benefits Defined benefits Other defined
pension plan pension benefits pension
- funded plan - unfunded - unfunded
Nilai kini liabilitas imbalan Present value of benefits obligation,
kerja, awal tahun 17.833 82.861 16.196 beginning of the year
Biaya jasa kini 1.514 10.149 10.959 Current service cost
Beban bunga 1.237 5.360 - Interest cost
Pengukuran kembali manfaat Remeasurement of other long-term
jangka panjang lainnya - - - employee benefits
Kontribusi karyawan 464 - - Contribution by plan participants
Manfaat yang dibayarkan (1.469) (4.614) - Benefits paid
Kerugian (keuntungan)
aktuarial (292) 5.013 - Actuarial loss (gain)
Nilai kini liabilitas imbalan Present value of benefits obligation,
kerja, akhir tahun 19.287 98.769 27.155 end of year
31 Desember/December 31, 2022
Program pensiun
Program pensiun Program pensiun imbalan pasti
imbalan pasti imbalan pasti tidak didanai
didanai/ tidak didanai/ lainnya/
Defined benefits Defined benefits Other defined
pension plan pension benefits pension
- funded plan - unfunded - unfunded
Nilai kini liabilitas imbalan Present value of benefits obligation,
kerja, awal tahun 27.128 80.956 14.638 beginning of the year
Biaya jasa kini 1.589 9.348 3.252 Current service cost
Biaya jasa lalu*) (642) (2.876) - Past service cost*)
Beban bunga 1.643 4.064 661 Interest cost
Pengukuran kembali manfaat Remeasurement of other long-term
jangka panjang lainnya - - - employee benefits
Kontribusi karyawan 556 - - Contribution by plan participants
Manfaat yang dibayarkan (9.705) (9.525) (3.834) Benefits paid
Kerugian (keuntungan)
aktuarial (2.736) 894 1.479 Actuarial loss (gain)
Nilai kini liabilitas imbalan 17.833 82.861 16.196 Present value of benefits obligation,
kerja, akhir tahun end of year
*) Dampak siaran pers Dewan Standar Akuntansi Keuangan Ikatan Akuntan *) Impact of the press release Institute of Indonesia Chartered
Indonesia (DSAK-IAI) atas persyaratan pengatribusian imbalan pada Accountants’ Accounting Standard Board (DSAK-IAI) on the
periode jasa sesuai PSAK no. 24 requirements for attributing benefits to the period of service in
accordance with PSAK no. 24
116
Page 405
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. LIABILITAS IMBALAN KERJA KARYAWAN 35. EMPLOYMENT BENEFITS OBLIGATION
(lanjutan) (continued)
c. Biaya imbalan kerja c. Employee benefits expense
31 Desember/December 31, 2023
Program pensiun
Program pensiun Program pensiun imbalan pasti
imbalan pasti imbalan pasti tidak didanai
didanai/ tidak didanai/ lainnya/
Defined benefits Defined benefits Other defined
pension plan pension benefits pension
- funded plan - unfunded - unfunded
Biaya jasa kini 1.514 10.149 10.959 Current service cost
Bunga atas kewajiban 1.237 5.360 - Interest on obligation
Beban atas aset (1.630) - - Interest on assets
Bunga dari plafon aset 393 - - Interest of assets ceiling
Jumlah 1.514 15.509 10.959 Total
31 Desember/December 31, 2022
Program pensiun
Program pensiun Program pensiun imbalan pasti
imbalan pasti imbalan pasti tidak didanai
didanai/ tidak didanai/ lainnya/
Defined benefits Defined benefits Other defined
pension plan pension benefits pension
- funded plan - unfunded - unfunded
Biaya jasa kini 1.589 9.348 3.252 Current service cost
Biaya jasa lalu*) (642) (2.876 ) - Past service cost*)
Bunga atas kewajiban 1.643 4.064 661 Interest on obligation
Beban atas aset (1.918) - - Interest on assets
Bunga dari plafon aset 275 - - Interest of assets ceiling
Jumlah 947 10.536 3.913 Total
d. Mutasi nilai wajar aset program adalah sebagai d. The movements in the fair value of plan
berikut: assets are as follow:
31 Desember/December 31
2023 2022
Saldo pada awal tahun 23.500 31.663 Balance at beginning of year
Tingkat pengembalian aset program 1.630 1.918 Return on plan assets
Kontribusi pemberi kerja 1.321 1.011 Contribution by employer
Kontribusi karyawan 464 556 Contribution by employee
Manfaat program pensiun yang
dibayarkan (1.469) (9.705) Program pension benefits paid
Kerugian aktuarial (1.452) (1.943) Actuarial loss
Saldo pada akhir tahun 23.994 23.500 Balance at end of year
117
Page 406
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. LIABILITAS IMBALAN KERJA KARYAWAN 35. EMPLOYMENT BENEFITS OBLIGATION
(lanjutan) (continued)
e. Tabel berikut menunjukan analisis sensitivitas e. The tables below show the sensitivity
nilai kini kewajiban imbalan kerja diasumsikan analysis of the present value of employee
terdapat perubahan atas asumsi aktuarial benefits obligation in the assumed changes
utama (tidak diaudit): in the key actuarial assumption (unaudited):
Imbalan kerja karyawan Define employee benefits
31 Desember/December 31, 2023
Pengaruh terhadap
Nilai kini kewajiban/
Perubahan Impact to present
persentase/ value of employee
Percentage change benefit obligation
Tingkat diskonto +1% (3.437) Discount rate
-1% 3.811
Tingkat kenaikan gaji +1% 3.508 Salary increase rate
-1% (3.214)
31 Desember/December 31, 2022
Pengaruh terhadap
Nilai kini kewajiban/
Perubahan Impact to present
persentase/ value of employee
Percentage change benefit obligation
Tingkat diskonto +1% (2.747) Discount rate
-1% 3.033
Tingkat kenaikan gaji +1% 3.131 Salary increase rate
-1% (2.879)
Imbalan kerja jangka panjang Long term employee benefits
untuk manajemen for management
31 Desember/December 31, 2022
Pengaruh terhadap
Nilai kini kewajiban/
Perubahan Impact to present
persentase/ value of employee
Percentage change benefit obligation
Tingkat diskonto +1% (174) Discount rate
-1% 179
Tingkat kenaikan gaji +1% 183 Salary increase rate
-1% (182)
118
Page 407
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
35. LIABILITAS IMBALAN KERJA KARYAWAN 35. EMPLOYMENT BENEFITS OBLIGATION
(lanjutan) (continued)
f. Tabel berikut menyajikan kajian dari portofolio f. The following tables show the portfolio of the
investasi aset program yang ditempatkan dalam plan assets invested in financial instrument:
bentuk instrumen keuangan:
31 Desember/December 31
2023 2022
Deposito 7,08% 11,62% Time deposits
Efek-efek 92,92% 88,38% Marketable Securities
g. Analisa profil jatuh tempo pembayaran imbalan g. The maturity profile analysis of the employee
kerja karyawan pada tanggal benefits payments as of December 31, 2023
31 Desember 2023 dan 2022 (tidak diaudit) and 2022 (unaudited) are as follows:
adalah sebagai berikut:
31 Desember/December 31
2023 2022
Dalam waktu 12 bulan
berikutnya 41.932 25.949 Within the next 12 months
Antara 1 dan 5 tahun 42.259 47.243 Between 1 and 5 years
Di atas 5 tahun 211.910 163.825 Beyond 5 years
Jumlah 296.101 237.017 Total
Durasi rata-rata liabilitas imbalan kerja karyawan The average duration of employees’ benefits
pada tanggal 31 Desember 2023 dan 2022 adalah liability as of December 31, 2023 and 2022 9.38
9,38 dan 9,03 tahun, serta Durasi rata-rata liabilitas and 9.03 years, The average duration of
imbalan kerja manajemen pada tanggal management’s benefits liability as of
31 Desember 2022 adalah 1,16 tahun (tidak diaudit). December 31, 2022 is 1.16 years (unaudited).
36. MASALAH HUKUM 36. LEGAL MATTERS
a. Bank (dahulu Bank Multicor) dan anggota bank a. The Bank (formerly Multicor Bank) and other
sindikasi lainnya ("Sindikasi”) digugat oleh bank members of the syndication ("the
PT Geria Wijaya Prestige (“GWP”) sehubungan Syndicate") was sued by PT Geria Wijaya
dengan penyitaan dan/atau pelelangan tanah Prestige (“GWP”) regarding the confiscation
dan bangunan GWP, di Pengadilan Negeri and/or auction of the GWP’s land, in Jakarta
Jakarta Pusat pada tanggal 27 September 1998 Distric Court on September 27, 1998 and
yang teregister dengan nomor perkara building as stated in case No.
No. 490/Pdt.G/1998.Jkt.Pst. Pada tanggal 490/Pdt.G/1998.Jkt.Pst. On April 29, 1999
29 April 1999 Pengadilan Negeri Jakarta Pusat the Jakarta Distric Court issued verdict No.
telah mengeluarkan keputusan 880/Pdt/1999/PT.DKI indicating the
No. 880/Pdt/1999/PT.DKI yang berisi sebagai following:
berikut:
a. Sindikasi telah dinyatakan kalah karena a. The Syndicate has lost the case of
melakukan pengambilalihan dan/atau confiscation and/or auction of the
pelelangan tanah dan bangunan GWP property of GWP in Denpasar, Bali
yang berlokasi di Denpasar, Bali ("Hotel Sol ("Hotel Sol Elite Paradiso"); and
Elite Paradiso"); dan
b. Sindikasi mempunyai liabilitas untuk b. The Syndicate has an obligation to pay
membayar denda sebesar Rp20.000 a penalty of Rp20,000 to GWP in which
kepada GWP, dimana porsi Bank adalah the Bank's share is Rp2,353.
sebesar Rp2.353.
119
Page 408
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
36. MASALAH HUKUM (lanjutan) 36. LEGAL MATTERS (continued)
b. Bank (dahulu Bank Multicor) dan anggota bank b. The Bank (formerly Multicor Bank) and other
sindikasi lainnya ("Sindikasi”) digugat oleh bank members of the syndication ("the
PT Geria Wijaya Prestige (“GWP”) sehubungan Syndicate") was sued by PT Geria Wijaya
dengan penyitaan dan/atau pelelangan tanah Prestige (“GWP”) regarding the confiscation
dan bangunan GWP, di Pengadilan Negeri and/or auction of the GWP’s land, in Jakarta
Jakarta Pusat pada tanggal 27 September 1998 Distric Court on September 27, 1998 and
yang teregister dengan nomor perkara building as stated in case No.
No. 490/Pdt.G/1998.Jkt.Pst. Pada tanggal 490/Pdt.G/1998.Jkt.Pst. On April 29, 1999
29 April 1999 Pengadilan Negeri Jakarta Pusat the Jakarta Distric Court issued verdict No.
telah mengeluarkan keputusan No. 880/Pdt/1999/PT.DKI indicating the
880/Pdt/1999/PT.DKI yang berisi sebagai following: (continued)
berikut: (lanjutan)
Atas putusan tersebut Sindikasi mengajukan In relation with the verdict mentioned above,
upaya hukum Banding melalui Pengadilan the Syndicate submitted an appeal to the
Tinggi DKI Jakarta dengan register DKI Jakarta High Court registered by
No. 880/Pdt/1999/PT.DKI yang pada tanggal Number 880/Pdt/1999/PT.DKI, then on May
16 Mei 2000 diterbitkan putusan menguatkan 16, 2000 the decision which strengthening
putusan Pengadilan Negeri Jakarta Pusat. the decision of the Central Jakarta District
Berkaitan dengan keputusan Pengadilan Tinggi Court. In relation to the said decree the
tersebut, Sindikasi telah mengajukan upaya Syndicate declare cassation to the Supreme
hukum Kasasi kepada Mahkamah Agung Court registered by number
Republik Indonesia (RI) dengan register
3140K/Pdt/2001, then on June 11, 2002 the
No. 3140K/Pdt/2001 yang pada tanggal
decision issued which rejecting the appeal
11 Juni 2002 diterbitkan putusan menyatakan
menolak permohonan kasasi Sindikasi. cassation of the Syndication. Based on that
Sehubungan dengan Keputusan Mahkamah decree the Syndicate submitted Judicial
Agung RI tersebut Sindikasi telah mengajukan Review to the Supreme Court registered by
Upaya Hukum Peninjauan Kembali kepada number 292PK/Pdt/2003, then on April 18,
Mahkamah Agung RI yang terdaftar dengan 2006 the decision issued which stated the
register No. 292PK/Pdt/2003, yang pada legally binding verdict is the verdict of the
tanggal 18 April 2006 diterbitkan putusan DKI Jakarta High Court Number 880 / Pdt /
bahwa yang mengikat adalah amar putusan 1999 / PT.DKI dated May 16, 2000. Based
PT.DKI Nomor 880/Pdt/1999/PT.DKI tanggal on that decision GWP has won the case.
16 Mei 2000. Berdasarkan putusan tersebut
GWP dimenangkan atas kasus ini.
Manajemen masih menunggu perintah dari Management is still waiting for an order from
Pengadilan Negeri Jakarta Pusat atas the Central Jakarta Distric Court for the
pelaksanaan eksekusi putusan tersebut. execution of the verdict. This legal case
Perkara hukum tersebut tidak secara material would not give any material impact
dapat mempengaruhi keadaan keuangan, to financial, wealth and going concern of the
harta kekayaan dan kelangsungan usaha Bank. As of the date of completion of these
Bank. Sampai dengan tanggal penyelesaian financial statements, no settlement has been
laporan keuangan, belum terdapat made on the said case.
penyelesaian terhadap permasalahan di atas.
120
Page 409
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
36. MASALAH HUKUM (lanjutan) 36. LEGAL MATTERS (continued)
c. Bank (Tergugat I) digugat oleh Fireworks c. The Bank (Defendant I) was sued by
Ventures Limited (“Penggugat”) sehubungan Fireworks Ventures Limited (Plaintiff)
penjualan piutang PT Geria Wijaya Prestige regarding the sale of the loan of PT Geria
(“GWP”) dari Bank kepada Tomy Winata Wijaya Prestige (“GWP”) by the Bank to
(Tergugat II), di Pengadilan Negeri Jakarta Tommy Winata (Defendant II) on September
Utara pada tanggal 28 September 2018 yang 28, 2018 at the North Jakarta District Court
teregister dengan nomor perkara with register number
No. 555/Pdt.G/2018/PN.Jkt.Utr. Pada tanggal 555/Pdt.G/2018 /PN.Jkt.Utr. On October 15,
15 Oktober 2019 Pengadilan Negeri Jakarta 2019 the North Jakarta District Court issued
Utara telah mengeluarkan keputusan yang the decision indicating the following:
berisi sebagai berikut:
Menyatakan Tergugat I dan Tergugat II Declare the Defendant I and the
telah melakukan perbuatan melawan Defendant II have done Unlawful Act to
hukum kepada penggugat. the Plaintiff.
Menyatakan Penggugat sebagai Pembeli Declare the Plaintiff as a Buyer in good
yang beritikad baik atas piutang (aset faith for receivables (credit assets)
kredit) yang timbul dari Akta Perjanjian arising from the Loan Agreement
Pemberian Kredit Nomor 8 tanggal Number 8 dated November 28, 1995.
28 November 1995.
Menyatakan Tergugat I dan Tergugat II Declare the Defendant I and the
tidak mempunyai hak atas piutang (aset Defendant II have no right to the
kreditur) yang timbul dari Akta Perjanjian receivables (credit assets) arising from
Pemberian Kredit Nomor 8 tanggal the Loan Agreement Deed Number 8
28 November 1995. dated November 28, 1995.
Menghukum Tergugat I menyerahkan Order the Defendant I to submit
Sertifikat Hak Guna Bangunan Nomor 204, certificates of Right to Building Numbers
205 dan 207 dan Sertifikat Hak 204, 205 and 207 and Mortgage
Tanggungan Nomor 286/1996 dan Nomor Certificate Number 286/1996 and
962/1996 kepada Penggugat sejak adanya 962/1996 to the Plaintiff since the
Putusan yang berkekuatan hukum tetap. existence of a decision that has
permanent legal force.
Menghukum Tergugat I dan Tergugat II Punish the Defendant I and the
untuk membayar secara tanggung renteng Defendant II to pay jointly for material
atas kerugian material yang dialami losses suffered by the Plaintiff, which
are consist of;
Penggugat, terdiri atas :
Material losses in Rupiah 6% (six
Kerugian material dalam Rupiah 6%
percent) times 249,600,209.98
(enam persen) kali 249.600.209,98
cents per year;
sen per tahun;
Material losses in the United States
Kerugian material dalam Dollar
Dollar 6% (six percent) times
Amerika Serikat 6% kali
USD11,649,136.06 (full amount) per
USD11.649.136,06 (angka penuh) per
year; calculated and paid since the
tahun dihitung dan dibayar sejak
lawsuit was registered at the North
gugatan itu didaftarkan di Pengadilan
Jakarta District Court.
Negeri Jakarta Utara.
Menyatakan tidak sah dan tidak Declare illegitimate and having no legal
mempunyai kekuatan mengikat Akta binding force, the Private Deed of
Kesepakatan Piutang tanggal 12 Februari Receivable Agreement dated February
2018 dan Akta Perjanjian Pengalihan 12, 2018 and Private Deed of Transfer
Piutang tanggal 12 Februari 2018 yang Receivable Agreement dated February
dibuat dibawah tangan oleh Tergugat I dan 12, 2018 signed by Defendant I and
Tergugat II. Defendant II.
121
Page 410
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
36. MASALAH HUKUM (lanjutan) 36. LEGAL MATTERS (continued)
Atas putusan tersebut Bank mengajukan upaya In relation with the decision mentioned above, the
hukum Banding melalui Pengadilan Tinggi DKI Bank submitted an appeal to the DKI Jakarta
Jakarta dengan register No. 272/PDT/2020/PT.DKI High Court registered by Number
yang pada tanggal 6 Mei 2020 diterbitkan putusan 272/PDT/2020/PT.DKI, then on May 6, 2020 the
menguatkan putusan Pengadilan Negeri Jakarta decision which strengthening the decision of the
Utara. Berkaitan dengan keputusan Pengadilan North Jakarta District Court was issued. In
Tinggi tersebut, Bank telah mengajukan upaya relation to the said decree the Bank declared
hukum Kasasi kepada Mahkamah Agung Republik cassation to the Supreme Court on
Indonesia (RI) pada tanggal 7 Agustus 2020 dengan August 7, 2020 registered by Number
register No. 3540K/Pdt/2001 yang kemudian 3540K/Pdt/2001 then on December 6, 2021 the
dikeluarkan putusan tertanggal 6 Desember 2021 decision which rejecting the appeal cassation of
yang menyatakan menolak permohonan kasasi dari the Cassation Petitioner I and II issued.
Pemohon kasasi I dan II.
Atas putusan Kasasi tersebut Bank mengajukan Based on the Cassation decision, the Bank
upaya hukum Peninjauan Kembali kepada submitted Judicial Review to the Supreme Court
Mahkamah Agung Republik Indonesia melalui of the Republic of Indonesia through the North
Pengadilan Negeri Jakarta Utara sebagaimana Akta Jakarta District Court as stated in the Deed of
Pernyataan Permohonan Peninjauan Kembali Statement of Application for Judicial Review
tanggal 21 Juni 2022 sebagai upaya maksimal Bank dated June 21, 2022 as for the maximum effort of
dalam menyelesaikan perkara tersebut. the Bank to solve the case.
Bahwa sesuai relaas pemberitahuan putusan Whereas based on notification letter of the
Peninjauan Kembali yang diterima pada tanggal 28 Judicial Review decision that received on March
Maret 2023 oleh Kuasa Hukum Bank diketahui atas 28, 2023 by the Legal Counsel of the Bank it is
perkara Peninjauan Kembali telah diputus pada known that the Judicial Review case had been
tanggal 13 Desember 2022 dengan amar putusan decided on December 13, 2022 with the decision
menolak permohonan Peninjauan Kembali dari rejecting the application for Judicial Review from
Bank; the Bank;
Bahwa pada tanggal 18 April 2023 CCB Indonesia Whereas on April 18, 2023 CCB Indonesia has
telah menerima relaas panggilan aanmaning dari received the aanmaning summons from the
pengadilan Negeri Jakarta Utara terkait dengan
North Jakarta District Court related to the
eksekusi putusan perkara ini. Bahwa untuk
execution of the decision of this case. That in
menghadapi eksekusi tersebut Bank pada tanggal
order to face the execution, the Bank on May 12,
12 Mei 2023 telah mengajukan permohonan
penundaan eksekusi kepada Ketua Pengadilan 2023 submitted an application for postponement
Negeri Jakarta Utara dan mengajukan gugatan of execution to the Chairman of North Jakarta
perlawanan eksekusi yang teregister dengan Nomor District Court and filed a lawsuit against the
306/Pdt.Plw/2023/PN.Jkt.Utr. (“Perkara 306”) di execution registered with Number
Pengadilan Negeri Jakarta Utara. 306/Pdt.Plw/2023/PN.Jkt.Utr. (“Case 306”) at the
North Jakarta District Court.
Bahwa selanjutnya Gaston selaku kreditor telah Furthermore, Gaston as a creditor has filed a
mengajukan gugatan perlawanan eksekusi 555 pada lawsuit against the execution 555 on June 22,
tanggal 22 Juni 2023 di Pengadilan Negeri Jakarta 2023 to North Jakarta District Court registered
Utara yang teregister dengan No. with Number 428/Pdt.Plw/2023/PN.Jkt.Utr
428/Pdt.Plw/2023/PN.Jkt.Utr (“Perkara 428”) yang (“Case 428”) which is currently still in litigation.
saat ini masih dalam proses persidangan.
122
Page 411
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
36. MASALAH HUKUM (lanjutan) 36. LEGAL MATTERS (continued)
Bahwa CCBI menerima Surat No. Whereas CCBI received Letter No.
W10.U4/6555/HK.02/9/2023 tanggal 1 September W10.U4/6555/HK.02/9/2023 dated September 1,
2023, perihal penundaan eksekusi perkara 555 yang 2023, regarding the postponement of the
menyatakan bahwa eksekusi ditunda sampai execution of case 555 which stated that the
dengan adanya putusan Perkara 428 di Pengadilan execution will be postponed until the decision of
Negeri Jakarta Utara. Case 428 at the North Jakarta District Court.
Bahwa atas putusan Peninjauan Kembali tanggal 13 Whereas based on the Judicial Review decision
Desember 2022, CCBI mengajukan Peninjauan dated December 13, 2022, CCBI filed a Second
Kembali ke II kepada Mahkamah Agung Republik Judicial Review to the Supreme Court of the
Indonesia melalui Pengadilan Negeri Jakarta Utara Republic of Indonesia through the North Jakarta
sebagaimana Akta Pernyataan Permohonan District Court as stated in the Deed of Statement
Peninjauan Kembali Kedua tanggal 25 September of Application for Second Judicial Review dated
2023, sebagai upaya maksimal bank untuk September 25, 2023, as for the maximum effort of
menyelesaikan perkara tersebut. Saat ini bank the Bank to solve the case. Currently, the bank still
masih menunggu putusan atas upaya hukum waiting for a decision from the Supreme Court on
tersebut. this legal action.
Bahwa perkara 306 telah diputus pada tanggal Whereas the case 306 was decided on December
11 Desember 2023 dengan amar putusan menolak 11, 2023 with the decision rejecting the Plaintif's
gugatan Pelawan untuk seluruhnya. Selanjutnya lawsuit in its entirety. Furthermore, on December
pada tanggal 21 Desember 2023, CCB Indonesia 21, 2023, CCB Indonesia has filed an appeal to
telah mengajukan upaya hukum Banding ke the DKI Jakarta High Court.
Pengadilan Tinggi DKI Jakarta.
37. SEGMEN OPERASI 37. OPERATING SEGMENT
Segmen operasi dilaporkan sesuai dengan laporan Operating segments are reported in accordance
internal Bank yang disiapkan untuk mengambil with the internal reporting provided to the chief
keputusan operasional, yaitu Direksi yang operating decision maker which is the Board of
bertanggung jawab untuk mengalokasikan sumber Directors who is responsible for allocating
daya ke segmen tertentu dan penilaian atas resources to certain segments and performance
performanya. assessments.
Untuk tahun yang berakhir 31 Desember 2023 dan For the years ended December 31, 2023 and
2022, Bank diorganisasikan kedalam empat 2022, the Bank is organised into four operating
segmen operasi berdasarkan produk dan jasa segments based on products and services as
sebagai berikut: follows:
- Segmen kredit - Loans segment
- Segmen treasuri - Treasury segment
- Segmen eskpor-impor - Trade finance segment
- Tidak dapat dialokasikan - Unallocated
Tidak ada pendapatan dari satu konsumen eksternal There is no revenue from transactions with a
atau pihak lain yang mencapai 10% atau lebih dari single external customer or counterparty
total pendapatan Bank untuk tahun yang berakhir amounting to 10% or more of the Bank’s total
31 Desember 2023 dan 2022. revenue for the years ended December 31, 2023
and 2022.
123
Page 412
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. SEGMEN OPERASI (lanjutan) 37. OPERATING SEGMENT (continued)
Berikut ini adalah informasi keuangan Bank Following is the financial information of the Bank
berdasarkan segmen operasi: based on operating segment:
a. Laporan laba dan rugi dan posisi keuangan a. Statement of profit or loss and financial
position
Untuk Tahun yang berakhir 31 Desember 2023/
For the year ended December 31, 2023
Aset, liabilitas,
pendapatan
dan beban
yang tidak
dapat
dialokasi/
Unallocated
Ekspor- assets, liabilities,
Kredit/ Treasuri/ impor/ income and
Loans Treasury Trade finance expenses Total
Pendapatan Income
Pendapatan bunga 1.325.422 364.756 - - 1.690.178 Interest income
Pendapatan lainnya - - 4.813 53.865 58.678 Other income
Jumlah pendapatan 1.325.422 364.756 4.813 53.865 1.748.856 Total income
Beban Expenses
Beban bunga - (34.153) - (699.146) (733.299) Interest expense
Beban lainnya - (1.802) - (703.954) (705.756) Other expenses
Jumlah beban - (35.955) - (1.403.100) (1.439.055) Total expenses
Segmen - neto 1.325.422 328.801 4.813 (1.349.235) Segment - net
Laba sebelum beban Income before
pajak penghasilan 309.801 income tax expense
Beban pajak
penghasilan (68.510) Income tax expense
Laba bersih
tahun berjalan 241.291 Net income for the year
Aset segmen 18.846.417 7.312.413 - 1.693.116 27.851.946 Segment assets
Liabilitas segmen (461.910) (324.650) (9.992) (20.514.837) (21.311.389) Segment liabilities
Segmen - neto 18.384.507 6.987.763 (9.992) (18.821.721) 6.540.557 Segment - net
124
Page 413
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
37. SEGMEN OPERASI (lanjutan) 37. OPERATING SEGMENT (continued)
Berikut ini adalah informasi keuangan Bank Following is the financial information of the Bank
berdasarkan segmen operasi: (lanjutan) based on operating segment: (continued)
a. Laporan laba dan rugi dan posisi keuangan a. Statement of profit or loss and financial
(lanjutan) position (continued)
Untuk Tahun yang berakhir 31 Desember 2022/
For the year ended December 31, 2022
Aset, liabilitas,
pendapatan
dan beban
yang tidak
dapat
dialokasi/
Unallocated
Ekspor- assets, liabilities,
Kredit/ Treasuri/ impor/ income and
Loans Treasury Trade finance expenses Total
Pendapatan Income
Pendapatan bunga 1.024.885 297.721 - - 1.322.606 Interest income
Pendapatan lainnya - - 2.529 76.482 79.011 Other income
Jumlah pendapatan 1.024.885 297.721 2.529 76.482 1.401.617 Total income
Beban Expenses
Beban bunga - (16.111) - (502.541) (518.652) Interest expense
Beban lainnya - (2.419) - (704.804) (707.223) Other expenses
Jumlah beban - (18.530) - (1.207.345) (1.225.875) Total expenses
Segmen - neto 1.024.885 279.191 2.529 (1.130.863) Segment - net
Laba sebelum beban Income before
pajak penghasilan 175.742 income tax expense
Beban pajak
penghasilan (39.783) Income tax expense
Laba bersih
tahun berjalan 135.959 Net income for the year
Aset segmen 16.232.539 7.225.898 - 1.564.516 25.022.953 Segment assets
Liabilitas segmen (467.025) (68.011) (4.226) (18.284.454) (18.823.716) Segment liabilities
Segmen - neto 15.765.514 7.157.887 (4.226) (16.719.938) 6.199.237 Segment - net
38. REKONSILIASI AKTIVITAS PENDANAAN 38. NET FINANCING ACTIVITIES
BERSIH RECONCILIATION
Rekonsiliasi dari aktivitas pendanaan adalah Reconciliation from financing activities are as
sebagai berikut: follows:
31 Desember/December 31, 2023
Arus kas/Cash flows Perubahan
1 Januari/ non-kas/ Selisih kurs/ 31 Desember/
1 January Penerimaan/ Pembayaran/ Non-cash Foreign 31 December
2023 Proceeds Payment changes exchange 2023
Surat berharga subordinasi 467.025 - - - (5.115) 461.910 Subordinated securities
Liabilitas sewa 8.690 - (10.629) 4.747 - 2.808 Lease liabilities
Total 475.715 - (10.629) 4.747 (5.115) 464.718 Total
31 Desember/December 31, 2022
Arus kas/Cash flows Perubahan
1 Januari/ non-kas/ Selisih kurs/ 31 Desember/
1 January Penerimaan/ Pembayaran/ Non-cash Foreign 31 December
2022 Proceeds Payment changes exchange 2022
Surat berharga subordinasi 427.575 - - - 39.450 467.025 Subordinated securities
Liabilitas sewa 18.927 - (12.924) 2.687 - 8.690 Lease liabilities
Total 446.502 - (12.924) 2.687 39.450 475.715 Total
125
Page 414
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO 39. RISK MANAGEMENT
Kegiatan usaha Bank senantiasa dihadapkan pada The Bank’s activities deal with risks associated
risiko-risiko yang berkaitan erat dengan fungsinya with its function as financial intermediary
sebagai lembaga intermediasi keuangan. Oleh institution. Thus, the operations are organised
karena itu, kegiatan operasional Bank dikelola carefully to prevent loss from operations of the
dengan baik agar tidak menimbulkan kerugian bagi Bank.
Bank.
Berdasarkan POJK No. 18/POJK.03/2016 tanggal Based on POJK No. 18/POJK.03/2016 dated
16 Maret 2016, tentang Penerapan Manajemen March 16, 2016, the Bank’s application of its risk
Risiko Bagi Bank Umum, maka Bank menerapkan management policies is implementation based on
manajemen risiko sesuai dengan kompleksitasnya. it’s complexity. The Risk Management
Kebijakan Penerapan Manajemen Risiko mengacu Implementation Policy refers to the provisions and
pada ketentuan dan Peraturan Otoritas Jasa regulations of the Financial Services Authority,
Keuangan antara lain Nomor: 18/POJK.03/2016 No.18/POJK.03/2016 dated March 16, 2016
tanggal 16 Maret 2016 tentang Penerapan concerning the Implementation of Risk
Manajemen Risiko Bagi Bank Umum dan Surat Management for Commercial Banks and Circular
Edaran Otoritas Jasa Keuangan Nomor: Letter of the Financial Services Authority Number:
34/SEOJK.03/2016 tanggal 01 September 2016 34/SEOJK.03/2016 dated September 01, 2016
tentang Penerapan Manajemen Risiko Bagi Bank concerning Implementation of Risk Management
Umum (beserta lampiran), Peraturan Otoritas Jasa for Commercial Banks (along with attachments),
Keuangan Nomor 55/POJK.03/2016 tertanggal Financial Services Authority Regulation
7 Desember 2016 tentang Penerapan Tata Kelola No.55/POJK.03/2016 dated December 07, 2016
Bagi Bank Umum, Surat Edaran Otoritas Jasa concerning Implementation of Governance for
Keuangan Nomor 13/SEOJK.03/2017 tanggal Commercial Banks, Financial Services Authority
17 Maret 2017 tentang Penerapan Tata Kelola Bagi Circular Letter Number 13/SEOJK.03 /2017 dated
Bank Umum dan 13/POJK.03/2021 tentang March 17, 2017 concerning the Implementation of
Penyelenggaraan Produk Bank Umum. Bank Good Corporate Governance for Commercial
memiliki kebijakan internal berupa Kebijakan Umum Banks and 13/POJK.03/2021 concerning the
dan Pedoman- Pedoman Umum Manajemen Risiko Operation of Commercial Bank Products. The
yang bertujuan untuk memastikan risiko-risiko yang Bank has internal policies in the form of General
dihadapi Bank dapat diidentifikasi, diukur, Policies and General Guidelines for Risk
dikendalikan, dan dilaporkan dengan baik. Management which aim to ensure that the risks
faced by the Bank can be identified, measured,
controlled, and reported properly.
Berdasarkan POJK No. 18/POJK.03/2016 tanggal Based on POJK Regulation
16 Maret 2016, tentang Penerapan Manajemen No. 18/POJK.03/2016 dated March 16, 2016
Risiko Bagi Bank Umum, bank umum konvensional regarding, the risk management inplementation
diwajibkan untuk menerapkan delapan (8) jenis for commercial bank, conventional banks are
risiko dan lima (5) peringkat penetapan penilaian required to apply eight (8) type of risks and five
peringkat risiko. (5) grades to value risks.
Sebagaimana diamanatkan ketentuan peraturan In relation to the implementation of risk
Otoritas Jasa Keuangan (POJK) terkait penerapan management as required by Financial Services
manajemen risiko, Bank menyusun laporan profil Authority (OJK), the Bank prepares quarterly risk
risiko triwulanan secara self assessment. Dari hasil profile report on self assesment basis. Based on
self assessment profil risiko triwulanan yang the self assessment results of the quarterly risk
disampaikan kepada Otoritas Jasa Keuangan (OJK) profile report submitted to Financial Services
posisi Desember 2023, predikat risiko Bank secara Authority (OJK) as of December 2023, the Bank’s
keseluruhan berada pada tingkat risiko komposit low overall risk profile is at the low to moderate
to moderate. composite risk level.
126
Page 415
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
Susunan Manajemen Risiko Risk Management Structure
Dari sudut pandang manajemen risiko, struktur From the point of view of risk management, the
organisasi Bank dapat dibagi menjadi: Bank organisational structure can be divided into:
a. Dewan Komisaris merupakan badan a. The Board of Commissioners is the most
manajemen terpenting yang mempunyai important management agency having
wewenang dan tanggung jawab; authority and responsibility;
- Mengevaluasi kebijakan Manajemen - Evaluating Risk Management policies
Risiko dan strategi Manajemen Risiko and Risk Management strategies
secara periodik atau dalam frekuensi periodically or in a certain frequency
tertentu yang lebih sering dalam hal more frequently in the event that there
terdapat perubahan faktor yang are changes in factors that significantly
mempengaruhi kegiatan bisnis Bank affect the Bank's business activities.
secara signifikan.
- Mengevaluasi pertanggungjawaban - Evaluating the accountability of the
Direksi dan memberikan arahan perbaikan Board of Directors and providing
atas pelaksanaan kebijakan Manajemen directions for improvement of the
Risiko secara berkala. implementation of Risk Management
policies on a regular basis.
- Memastikan kebijakan dan proses - Ensuring that Risk management policies
manajemen Risiko dilaksanakan secara and processes are implemented
efektif dan terintegrasi dalam proses effectively and integrated into the overall
manajemen risiko secara keseluruhan. risk management process. the Board of
Dewan Komisaris dibantu oleh Komite Commissioners is assisted by the Risk
Pemantau Risiko. Monitoring Committee.
b. Direksi dan komite-komite manajemen sebagai b. The board of Directors and management
struktur strategik. Direksi menjalankan fungsi committees as strategic structure. The Board of
kebijakan risiko (risk policy) melalui komite- Directors carries out the function of risk policy
komite Direksi seperti Komite Manajemen (risk policy) through the Board of Directors
Risiko (KMR), Komite Asset & Liability (ALCO), committees such as the Risk Management
Komite Kebijakan Perkreditan (KKP). Fungsi Committee (RMC), Asset & Liability Committee
utamanya antara lain: (ALCO), Credit Policy Committee (CPC). Its
main function, among others:
- Bertanggung jawab atas pelaksanaan - Responsible for the implementation of
kebijakan Manajemen Risiko dan eksposur Risk Management policies and Risk
Risiko yang diambil oleh Bank secara exposures taken by the Bank as a
keseluruhan, sesuai dengan tingkat Risiko whole, in accordance with the level of
yang akan diambil (risk appetite) dan Risk to be taken (risk appetite) and the
toleransi Risiko (risk tolerance) Bank. Bank's risk tolerance.
- Mengevaluasi dan memutuskan transaksi - Evaluate and decide on transactions that
yang memerlukan persetujuan Direksi. require the approval of the Board of
Directors.
- Mengembangkan budaya Manajemen - Develop a Risk Management culture at
Risiko pada seluruh jenjang organisasi. all levels of the organization.
- Memastikan peningkatan kompetensi - Ensuring the improvement of human
sumber daya manusia yang terkait resource competencies related to Risk
dengan Manajemen Risiko. Management.
- Memastikan bahwa fungsi Manajemen - Ensure that the Risk Management
Risiko telah beroperasi secara function operates independently. The
independen. Komite Manajemen Risiko Risk Management Committee will
akan memantau penerapan manajemen monitor the implementation of risk
risiko antara lain berdasarkan laporan management among others, according
yang dipersiapkan oleh Divisi Manajemen to a report prepared by the Risk
Risiko. Management Division.
127
Page 416
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
Susunan Manajemen Risiko (lanjutan) Risk Management Structure (continued)
c. Komite Pemantau Risiko, merupakan fungsi c. Risk Monitoring Committee, is a risk
pengawasan manajemen risiko pada level management supervisory function at the
Komisaris dan Pihak Independen. Adapun level of Commissioners and Independent
kewenangan dan tugas dari Komite Pemantau Parties. The authorities and duties of the Risk
Risiko antara lain; Monitoring Committee include;
- Evaluasi tentang kesesuaian antara - Evaluation of conformity between risk
kebijakan manajemen risiko dengan management policies and the
pelaksanaan kebijakan Bank, implementation of Bank policies,
- Pemantauan dan evaluasi pelaksanaan - Monitoring and evaluating the
tugas komite manajemen risiko dan Divisi implementation of the duties of the risk
Manajemen Risiko, guna memberikan management committee and the Risk
rekomendasi kepada Dewan Komisaris. Management Division, in order to provide
recommendations to the Board of
Commissioners.
d. Divisi Manajemen Risiko merupakan fungsi d. Risk Management Division is a function of
pengelolaan penerapan manajemen risiko pada managing the implementation of risk
Bank CCB Indonesia yang independen management at Bank CCB Indonesia which
terhadap aktivitas operasional Bank, is independent of the Bank's operational
bertanggung jawab secara berkelanjutan activities, responsible for the monitoring and
terhadap pemantauan dan analisis eksposur analysis of continuous exposure to the risks
risiko yang dihadapi oleh Bank. faced by the Bank.
e. Risk Taking Unit, merupakan unit bisnis dan e. Risk Taking Unit, is a business and
operasional, serta unit lain yang termasuk operational unit, as well as other units
dalam first line of defense yang bertanggung included in the first line of defense which are
jawab atas masing-masing risiko pada aktivitas responsible for each risk in the bank's
bisnis dan operasional bank. business activities and operations.
f. Internal Control, merupakan sistem f. Internal Control, has the function to control
Pengendalian Internal Bank di masing-masing system in each Division and Office supported
Divisi dan Kantor didukung oleh fungsi by a supervisory function from the Internal
pengawasan dari Divisi Audit Internal, Audit Division, supervision from the
pengawasan dari Divisi Kepatuhan, serta Compliance Division, and the Anti-Fraud
Satuan Kerja Anti-Fraud. Work Unit
128
Page 417
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
Manajemen Risiko Kredit dalam kondisi Pandemi Credit Risk Management during the COVID-19
COVID-19 Pandemic
Dalam rangka mendukung upaya pemerintah dalam In order to support the government's efforts to
mempertahankan stabilitas ekonomi, Bank telah maintain economic stability, the Bank has
menyiapkan kebijakan dan prosedur restrukturisasi prepared policies and procedures for credit
kredit bagi debitur yang terdampak COVID-19 restructuring for debtors affected by COVID-19
melalui Ketentuan Internal baik berupa Surat Edaran through Internal Regulations in the form of Circular
maupun Surat Keputusan Direksi sebagai Kebijakan and Directors Decree as a Countercyclical Policy
Countercyclical Dampak Penyebaran COVID-19 on the Impact of the Spread of COVID-19 which
yang diberlakukan sejak tanggal 24 Maret 2020. was effective on March 24, 2020. In this policy,
Dalam kebijakan tersebut, telah diatur kriteria debitur criteria for debtors and business sectors affected
dan sektor usaha terdampak COVID-19 yang dapat by COVID-19 that can be restructured have been
dilakukan restrukturisasi. Relaksasi dilakukan regulated. Relaxation is carried out specifically for
khusus untuk debitur dan sektor yang terdampak debtors and sectors affected by COVID-19 with
COVID-19 dengan mengacu pada reference to POJK No. 11/POJK.03/2020 which
POJK No. 11/POJK.03/2020 yang diperbaharui was updated by POJK No. 48/POJK.03/2020,
POJK No. 48/POJK.03/2020, dan kemudian then was updated by POJK No.17/POJK.03/2021
diperbaharui POJK No.17/POJK.03/2021 Peraturan Regulation of the Coordinating Minister for the
Menko Perekonomian No. 6/2020 yang telah diubah Economy No. 6/2020 and the Bank's internal
dengan Permenko Perekonomian No. 3 Tahun 2021 regulations which has been amended by the
tentang Perubahan Keempat atas Peraturan Menteri Coordinating Minister for the Economy No. 3 of
Koordinator Bidang Perekonomian Nomor 6 Tahun 2021 concerning the Fourth Amendment to the
2020 tentang Perlakuan Khusus bagi Penerima Regulation of the Coordinating Minister for the
Kredit Usaha Rakyat Terdampak Pandemi Corona Economy Number 6 of 2020 concerning Special
Virus Disease 2019 dan ketentuan internal Bank. Treatment for People's Business Credit
Recipients Affected by the 2019 Corona Virus
Disease Pandemic and the Bank's internal
provisions.
Dalam upaya mitigasi terjadi risiko kredit, Bank In an effort to mitigate credit risk, the Bank
melakukan analisa kredit yang memadai bagi debitur conducted adequate credit analysis for debtors
yang mengajukan permohonan restrukturisasi dan who apply for restructuring and minimizes the risk
meminimalisasi risiko pemberian restrukturisasi of restructuring that is not well targeted and to
yang tidak tepat sasaran serta untuk menghindari avoid free riders (moral hazard). The stimulus is
adanya free rider (moral hazard). Pemberian only given to debtors who meet the criteria set by
stimulus hanya diberikan kepada debitur yang the Bank.
memenuhi kriteria yang ditetapkan oleh Bank.
129
Page 418
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
Manajemen Risiko Kredit dalam kondisi Pandemi Credit Risk Management during the COVID-19
COVID-19 (lanjutan) Pandemic (continued)
Dengan diterapkannya kebijakan tersebut, With the implementation of this policy, it is
diharapkan debitur-debitur Bank yang terdampak expected that Bank debtors who are affected by
pandemi COVID-19 dapat terbantu, dan kualitas the COVID-19 pandemic can be helped, and the
portfolio Bank dapat tetap terjaga dengan baik. quality of the Bank's portfolio can be maintained
Dalam kaitan dengan kondisi Pandemi COVID-19 properly. In connection with the ongoing condition
yang tengah berlangsung, Bank lebih of the COVID-19 Pandemic, the Bank is
mengintesifkan pelaksaanan dari kerangka kerja intensifying the implementation of its credit
pengawasan kredit yang telah dimiliki oleh Bank dan monitoring framework that the Bank has in place
sudah berjalan secara efektif dalam memonitor and has been running effectively in monitoring the
kinerja debitur, baik secara individual maupun performance of debtors, both individually as well
portofolio. Monitoring yang lebih intesif ini dilakukan as on portfolio basis. The more intensive
agar dapat memberikan early warning signal dan monitoring is carried out in order to provide early
memastikan mitigasi risiko yang ditetapkan dapat warning signals and ensure the designed risk
tepat guna dalam menjaga kualitas kredit selama mitigation will be effective in maintaining credit
masa pandemi. Mekanisme monitoring kredit quality during the pandemic period. The credit
dilakukan melalui analisa watchlist atau health check monitoring mechanism is carried out through a
terhadap seluruh debitur terutama entitas debitur watchlist or health check analysis of all debtors,
yang terdampak atau berada pada sektor usaha especially debtor entities that are affected or are
terdampak COVID-19 dengan mengacu pada POJK in the business sector affected by COVID-19 with
No. 11/POJK.03/2020 yang diperbaharui POJK reference to POJK No. 11/POJK.03/2020 which
No. 48/POJK.03/2020 dan kemudian diperbaharui was updated by POJK No. 48/POJK.03/2020 then
POJK No.17/POJK.03/2021 serta ketentuan internal was updated by POJK No.17/POJK.03/2021 as
Bank. Debitur yang berpotensi mengalami well as the Bank's internal regulations. Debtors
penurunan kinerja wajib dipantau dengan action plan that have the potential to experience a decline in
yang dipantau pelaksanaannya secara performance must be monitored with an action
berkelanjutan. plan whose implementation is monitored on an
ongoing basis.
a. Risiko kredit a. Credit risk
Penyaluran kredit oleh Bank berlandaskan The loans are distributed by the Bank
pada prinsip kehati-hatian, peraturan Otoritas prudently in accordance with Financial
Jasa Keuangan (POJK), dan kebijakan Services Authority (POJK) regulations, and
perkreditan yang disusun oleh manajemen. loan policies which were prepared by the
Komite Kredit merupakan komite tertinggi yang management. The Credit Committee is the
membantu Direksi dalam pengawasan highest committee who helps the Directors in
pengelolaan risiko kredit melalui keputusan dan monitoring the management of credit risk
rekomendasi yang dikeluarkannya. Secara through its decisions and recommendations.
periodik, Komite Kredit melakukan rapat antara The Credit Committee holds a meeting
lain untuk memantau Batas Maksimum regularly to monitor Legal Lending Limit and
Pemberian Kredit dan kualitas kredit, serta loan quality, and the adequacy of allowance
kecukupan cadangan kerugian penurunan nilai for impairment losses on assets. The Bank
aset. Bank selalu memonitor penyebaran risiko monitors the spread of risk in relation with the
yang timbul sejalan dengan pertumbuhan growth of economic sectors where the Bank
sektor ekonomi dimana Bank melakukan business focuses. The limit is applied
kegiatan bisnisnya. Batasan ditetapkan secara specifically based on customers and
spesifik berdasarkan nasabah dan sektor industrial sectors to avoid the high credit risk.
industri untuk menghindari konsentrasi risiko The limit is also applied to individual or
kredit yang berlebihan. Batasan tersebut juga corporate customers.
diterapkan bagi nasabah individu atau
korporasi.
130
Page 419
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(i) Eksposur maksimum risiko kredit tanpa (i) The maximum exposure to credit risk
memperhitungkan agunan pada tanggal without taking into account collateral
31 Desember 2023 dan 2022 adalah held as of December 31, 2023 and 2022
sebagai berikut: are presented below:
31 Desember/December 31
2023 2022
Nilai wajar melalui laba rugi Fair value through profit or loss
Tagihan derivatif 12.832 12.738 Derivative receivables
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
Efek-efek - neto 4.055.989 893.950 Marketable securities - net
Diukur pada biaya perolehan
diamortisasi Measured at amortized cost
Efek-efek - neto 450.478 - Marketable securities - net
Current accounts with
Giro pada Bank Indonesia 1.552.681 1.481.410 Bank Indonesia
Current accounts with
Giro pada bank lain - neto 139.016 279.154 other banks - net
Penempatan pada
Bank Indonesia Placements with Bank Indonesia
dan bank lain - neto 44.999 624.216 and other banks – net
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali 1.069.249 3.947.168 agreements to resale
Kredit yang diberikan - neto 18.846.417 16.232.539 Loans - net
Pendapatan bunga yang
masih akan diterima 98.444 57.308 Interest receivables
Aset lain-lain* 6.257 6.105 Other assets*
Jumlah 26.276.362 23.534.588 Total
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable deposits
31 Desember/December 31
2023 2022
Rekening administratif Administrative accounts
Fasilitas kredit yang
belum digunakan 6.861.882 4.248.150 Unused loan facilities
Garansi yang diterbitkan 966.878 652.918 Guarantees issued
Irrevocable letters of credit 22.354 2.335 Irrevocable letters of credit
Jumlah 7.851.114 4.903.403 Total
131
Page 420
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(i) Eksposur maksimum risiko kredit tanpa (i) The maximum exposure to credit risk
memperhitungkan agunan pada tanggal without taking into account collateral
31 Desember 2023 dan 2022 adalah held as of December 31, 2023 and 2022
sebagai berikut: (lanjutan) are presented below: (continued)
Untuk kredit yang diberikan, Bank For the loans, the Bank uses collateral to
menggunakan agunan untuk minimise the credit risk. The Bank’s
meminimalkan risiko kredit. Berdasarkan loans are classified into two major
klasifikasi, kredit Bank dapat dibedakan categories, which are:
menjadi dua kelompok besar, yaitu:
- Secured loans - Secured loans
- Unsecured loans - Unsecured loans
Untuk secured loans, Bank menetapkan For secured loans, the Bank determines
jenis dan nilai agunan yang dijaminkan the type and value of collateral
sesuai skema kredit. Jenis dari agunan according to the loan scheme. Types of
terdiri dari: collateral are as follows:
a. Agunan fisik antara lain tanah, a. Physical collateral, such as land,
bangunan, dan BPKB kendaraan buildings and proof of vehicle
bermotor. ownership.
b. Financial collateral antara lain b. Financial collateral, such as
simpanan dari nasabah (tabungan, deposits from customers (time
giro, dan deposito berjangka), surat deposit, savings, current accounts),
berharga, dan emas. securities, and gold.
c. Lainnya antara lain garansi, jaminan c. Others, such as guarantees,
pemerintah, dan lembaga penjamin. government guarantees and
guarantee institution.
Apabila terjadi default (gagal bayar), Bank In times of default, Bank will use the
akan menggunakan agunan tersebut collateral as the last resort in recovering
sebagai pilihan terakhir untuk pemenuhan the counterparty’s obligation.
kewajiban counterparty.
Unsecured loans terdiri dari fully unsecured Unsecured loans consist of fully
loans dan partially secured loans seperti unsecured loans and partially secured
kredit untuk karyawan golongan loans such as loans for fixed income
berpenghasilan tetap dan kredit konsumer employees and other consumer loans. In
lainnya. Dalam pembayaran kewajibannya, their payment obligations, partially
partially secured loans umumnya dilakukan secured loans are generally made
melalui pemotongan penghasilan secara through automatic payroll deduction.
otomatis.
Dengan demikian, meskipun kredit Although it is included in the unsecured
tersebut termasuk dalam kategori loans category, the risk level of partially
unsecured loans namun tingkat risiko dari secured loans is lower than the carrying
partially secured loans tidak sebesar nilai value. As for fully unsecured loan, the
tercatat kredit. Sedangkan untuk fully risk level is equal to the carrying value.
unsecured loans, tingkat risiko adalah
sebesar nilai tercatat kredit.
132
Page 421
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(i) Eksposur maksimum risiko kredit tanpa (i) The maximum exposure to credit risk
memperhitungkan agunan pada tanggal without taking into account collateral
31 Desember 2023 dan 2022 adalah held as of December 31, 2023 and 2022
sebagai berikut: (lanjutan) are presented below: (continued)
Proses penentuan peringkat kredit Bank The Bank’s credit rating determination
membedakan eksposur untuk menentukan processes differentiate exposures in
eksposur mana yang memiliki faktor risiko order to highlight those with greater risk
lebih besar dan tingkat kerugian potensial factors and higher potential severity of
yang lebih tinggi. Peringkat kredit setiap loss. The credit rating for each debtor is
debitur ditelaah secara berkala dan reviewed regularly and any amendments
perubahannya diimplementasikan are implemented promptly. The credit
secepatnya. Peringkat kredit yang rating applied for each debtor also
diterapkan atas setiap debitur juga considered credit quality of the
mempertimbangkan kualitas kredit dari respective debtor as determined by
debitur tersebut yang telah ditentukan oleh other banks.
bank-bank lain.
Peringkat kredit Bank sesuai dengan The Bank’s credit rating follows
peringkat kredit dari Otoritas Jasa Financial Services Authority (OJK) credit
Keuangan (OJK) sebagaimana diatur rating as stipulated in the prevailing
dalam peraturan Otoritas Jasa Keuangan Financial Services Authority (OJK)
(OJK) yang berlaku. regulation.
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets
eksposur risiko kredit berdasarkan: with credit risk exposure as categorised
by:
a. Sektor geografis a. Geographical region
Tabel berikut menggambarkan rincian The following tables provide details
eksposur kredit Bank (tanpa of the Bank credit exposures at their
memperhitungkan agunan atau carrying amounts (without taking
pendukung kredit lainnya), yang into account any collateral held or
dikategorikan berdasarkan area other credit enhancements), as
geografis pada tanggal categorised by geographical region
31 Desember 2023 dan 2022: as of December 31, 2023 and 2022:
31 Desember/December 31, 2023
Kantor pusat/ Lain-lain/
Head office Jawa Sumatera Kalimantan Others Total
Nilai wajar melalui Fair value through
laba atau rugi profit or loss
Tagihan derivatif 12.832 - - - - 12.832 Derivative receivables
Nilai wajar melalui
penghasilan Fair value through
komprehensif lain other comprehensive income
Efek-efek - neto 4.055.989 - - - - 4.055.989 Marketable securities - net
Diukur pada biaya perolehan
diamortisasi Measured at amortized cost
Efek-efek - neto 450.478 - - - - 450.478 Marketable securities - net
Giro pada Current accounts with
Bank Indonesia 1.552.681 - - - - 1.552.681 Bank Indonesia
Giro pada Current accounts with
bank lain - neto 139.016 - - - - 139.016 other banks - net
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain - neto 44.999 - - - - 44.999 other banks - net
Tagihan atas efek-efek Receivables on securities
dibeli dengan janji purchased under agreements
dijual kembali 1.069.249 - - - - 1.069.249 to resale
Kredit yang diberikan
- neto 10.341.065 4.439.779 1.201.140 371.982 2.492.451 18.846.417 Loans - net
Pendapatan bunga
yang masih akan
diterima 66.832 11.674 6.156 1.057 12.725 98.444 Interest receivables
Aset lain-lain* 6.257 - - - - 6.257 Other assets*
Jumlah 17.739.398 4.451.453 1.207.296 373.039 2.505.176 26.276.362 Total
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable
deposits
133
Page 422
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets
eksposur risiko kredit berdasarkan: with credit risk exposure as categorised
(lanjutan) by: (continued)
a. Sektor geografis (lanjutan) a. Geographical region (continued)
Tabel berikut menggambarkan rincian The following tables provide details
eksposur kredit Bank (tanpa of the Bank credit exposures at their
memperhitungkan agunan atau carrying amounts (without taking
pendukung kredit lainnya), yang into account any collateral held or
dikategorikan berdasarkan area other credit enhancements), as
geografis pada tanggal categorised by geographical region
31 Desember 2023 dan 2022: as of December 31, 2023 and 2022:
(lanjutan) (continued)
31 Desember/December 31, 2022
Kantor pusat/ Lain-lain/
Head office Jawa Sumatera Kalimantan Others Total
Nilai wajar melalui Fair value through
laba atau rugi profit or loss
Tagihan derivatif 12.738 - - - - 12.738 Derivative receivables
Nilai wajar melalui
penghasilan Fair value through
komprehensif lain other comprehensive income
Efek-efek - neto 893.950 - - - - 893.950 Marketable securities - net
Diukur pada biaya perolehan
diamortisasi Measured at amortized cost
Giro pada Current accounts with
Bank Indonesia 1.481.410 - - - - 1.481.410 Bank Indonesia
Giro pada Current accounts with
bank lain - neto 279.154 - - - - 279.154 other banks - net
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain - neto 624.216 - - - - 624.216 other banks - net
Tagihan atas efek-efek Receivables on securities
dibeli dengan janji purchased under agreements
dijual kembali 3.947.168 - - - - 3.947.168 to resale
Kredit yang diberikan
- neto 12.185.113 3.192.888 370.484 156.262 327.792 16.232.539 Loans - net
Pendapatan bunga
yang masih akan
diterima 46.395 8.944 965. 389 615 57.308 Interest receivables
Aset lain-lain* 6.105 - - - - 6.105 Other assets*
Jumlah 19.476.249 3.201.832 371.449 156.651 328.407 23.534.588 Total
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable
deposits
134
Page 423
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets
eksposur risiko kredit berdasarkan: with credit risk exposure as categorised
(lanjutan) by: (continued)
a. Sektor geografis (lanjutan) a. Geographical region (continued)
Tabel di bawah ini menunjukkan The tables below show the bank’s
eksposur maksimum risiko kredit bank maximum credit risk exposure for
untuk komitmen dan kontinjensi tanpa commitment and contingencies
meperhitungkan agunan atau without taking into account any
pendukung kredit lainnya: collateral held or other credit
enhancements:
31 Desember/December 31, 2023
Kantor pusat/ Lain-lain/
Head office Jawa Sumatera Kalimantan Others Total
Fasilitas kredit yang
belum digunakan 2.495.057 1.766.349 1.386.625 766.659 447.192 6.861.882 Unused loans facilities
Garansi yang diterbitkan 898.271 3.762 42.495 - 22.350 966.878 Guarantees issued
Irrevocable letters of Irrevocable letters of
credit 22.354 - - - - 22.354 credit
Jumlah 3.415.682 1.770.111 1.429.120 766.659 469.542 7.851.114 Total
31 Desember/December 31, 2022
Kantor pusat/ Lain-lain/
Head office Jawa Sumatera Kalimantan Others Total
Fasilitas kredit yang
belum digunakan 3.617.872 408.774 79.849 35.937 105.718 4.248.150 Unused loans facilities
Garansi yang diterbitkan 624.159 2.680 7.528 - 18.551 652.918 Guarantees issued
Irrevocable letters of Irrevocable letters of
credit 2.335 - - - - 2.335 credit
Jumlah 4.244.366 411.454 87.377 35.937 124.269 4.903.403 Total
b. Jenis counterparty b. Counterparty type
Tabel berikut menggambarkan rincian The following tables provide details
eksposur kredit Bank pada nilai of the Bank credit exposures at their
tercatat (tanpa memperhitungkan carrying amounts (without taking
agunan atau pendukung kredit into account any collateral held or
lainnya) yang dikategorikan other credit enhancements) as
berdasarkan jenis counterparty pada categorised by counterparty type as
tanggal 31 Desember 2023 dan 2022: of December 31, 2023 and 2022:
31 Desember/December 31, 2023
Pemerintah RI
(termasuk Bank
Indonesia)/ Lembaga
Government keuangan
of Republic of bukan bank/ Perusahaan
Indonesia Non-bank lainnya/
(including Bank/ financial Other Perseorangan/
Bank Indonesia) Banks institutions companies Individuals Total
Nilai wajar melalui Fair value through
laporan laba rugi profit or loss
Tagihan derivatif - 12.832 - - - 12.832 Derivative receivables
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
Efek-efek - neto 4.055.989 - - - - 4.055.989 Marketable securities - net
135
Page 424
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets
eksposur risiko kredit berdasarkan: with credit risk exposure as categorised
(lanjutan) by: (continued)
b. Jenis counterparty (lanjutan) b. Counterparty type (continued)
Tabel berikut menggambarkan rincian The following tables provide details
eksposur kredit Bank pada nilai of the Bank credit exposures at their
tercatat (tanpa memperhitungkan carrying amounts (without taking
agunan atau pendukung kredit into account any collateral held or
lainnya) yang dikategorikan other credit enhancements). as
berdasarkan jenis counterparty pada categorised by counterparty type as
tanggal 31 Desember 2023 dan 2022: of December 31, 2023 and 2022:
(lanjutan) (continued)
31 Desember/December 31, 2023
Pemerintah RI
(termasuk Bank
Indonesia)/ Lembaga
Government keuangan
of Republic of bukan bank/ Perusahaan
Indonesia Non-bank lainnya/
(including Bank/ financial Other Perseorangan/
Bank Indonesia) Banks institutions companies Individuals Total
Diukur pada biaya
perolehan diamortisasi Measured at amortized cost
Efek-efek - neto 250.630 199.848 - - - 450.478 Marketable securities - net
Giro pada Current accounts with
Bank Indonesia 1.552.681 - - - - 1.552.681 Bank Indonesia
Giro pada Current accounts with
bank lain - neto - 139.016 - - - 139.016 other banks - net
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain - neto - 44.999 - - - 44.999 other banks
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali 1.069.249 - - - - 1.069.249 agreements to resale
Kredit yang diberikan
- neto 845 - 3.113.141 14.278.221 1.454.210 18.846.417 Loans - net
Pendapatan bunga
yang masih harus
diterima 2 - 6.864 86.691 4.887 98.444 Interest receivables
Aset lain-lain* 6.257 - - - - 6.257 Other assets*
Jumlah 6.935.653 396.695 3.120.005 14.364.912 1.459.097 26.276.362 Total
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable
deposits
31 Desember/December 31, 2022
Pemerintah RI
(termasuk Bank
Indonesia)/ Lembaga
Government keuangan
of Republic of bukan bank/ Perusahaan
Indonesia Non-bank lainnya/
(including Bank/ financial Other Perseorangan/
Bank Indonesia) Banks institutions companies Individuals Total
Nilai wajar melalui Fair value through
laporan laba rugi profit or loss
Tagihan derivatif - 12.738 - - - 12.738 Derivative receivables
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
Efek-efek - neto 893.950 - - - - 893.950 Marketable securities - net
136
Page 425
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets
eksposur risiko kredit berdasarkan: with credit risk exposure as categorised
(lanjutan) by: (continued)
b. Jenis counterparty (lanjutan) b. Counterparty type (continued)
Tabel berikut menggambarkan rincian The following tables provide details
eksposur kredit Bank pada nilai of the Bank credit exposures at their
tercatat (tanpa memperhitungkan carrying amounts (without taking
agunan atau pendukung kredit into account any collateral held or
lainnya) yang dikategorikan other credit enhancements). as
berdasarkan jenis counterparty pada categorised by counterparty type as
tanggal 31 Desember 2023 dan 2022: of December 31, 2023 and 2022:
(lanjutan) (continued)
31 Desember/December 31, 2022
Pemerintah RI
(termasuk Bank
Indonesia)/ Lembaga
Government keuangan
of Republic of bukan bank/ Perusahaan
Indonesia Non-bank lainnya/
(including Bank/ financial Other Perseorangan/
Bank Indonesia) Banks institutions companies Individuals Total
Diukur pada biaya
perolehan diamortisasi Measured at amortized cost
Giro pada Current accounts with
Bank Indonesia 1.481.410 - - - - 1.481.410 Bank Indonesia
Giro pada Current accounts with
bank lain - neto - 279.154 - - - 279.154 other banks - net
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain - neto 624.216 - - - - 624.216 other banks
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali 3.947.168 - - - - 3.947.168 agreements to resale
Kredit yang diberikan
- neto 847 - 2.524.778 12.213.775 1.493.139 16.232.539 Loans - net
Pendapatan bunga
yang masih harus
diterima 2 - 5.327 47.442 4.537 57.308 Interest receivables
Aset lain-lain* 6.105 - - - - 6.105 Other assets*
Jumlah 6.953.698 291.892 2.530.105 12.261.217 1.497.676 23.534.588 Total
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable
deposits
137
Page 426
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets
eksposur risiko kredit berdasarkan: with credit risk exposure as categorised
(lanjutan) by: (continued)
b. Jenis counterparty (lanjutan) b. Counterparty type (continued)
Tabel di bawah ini menunjukkan The tables below show the bank’s
eksposur maksimum risiko kredit bank maximum credit risk exposure for
untuk komitmen dan kontinjensi tanpa commitment and contingencies
meperhitungkan agunan atau without taking into account any
pendukung kredit lainnya: collateral held or other credit
enhancements:
31 Desember/December 31, 2023
Pemerintah RI
(termasuk Bank
Indonesia)/ Lembaga
Government keuangan
of Republic of bukan bank/ Perusahaan
Indonesia Non-bank lainnya/
(including Bank/ financial Other Perseorangan/
Bank Indonesia) Banks institutions companies Individuals Total
Fasilitas kredit yang
belum digunakan - - 325.058 6.534.224 2.600 6.861.882 Unused loans facilities
Garansi yang
diterbitkan - - - 966.878 - 966.878 Guarantees issued
Irrevocable letters of Irrevocable letters of
credit - - - 22.354 - 22.354 credit
Jumlah - - 325.058 7.523.456 2.600 7.851.114 Total
31 Desember/December 31, 2022
Pemerintah RI
(termasuk Bank
Indonesia)/ Lembaga
Government keuangan
of Republic of bukan bank/ Perusahaan
Indonesia Non-bank lainnya/
(including Bank/ financial Other Perseorangan/
Bank Indonesia) Banks institutions companies Individuals Total
Fasilitas kredit yang
belum digunakan - - 287.355 3.958.195 2.600 4.248.150 Unused loans facilities
Garansi yang
diterbitkan - - - 652.918 - 652.918 Guarantees issued
Irrevocable letters of Irrevocable letters of
credit - - - 2.335 - 2.335 credit
Jumlah - - 287.355 4.613.448 2.600 4.903.403 Total
(iii) Evaluasi cadangan kerugian penurunan (iii) Assessment of allowance for impairment
nilai losses
Pada tanggal 31 Desember 2023 dan As of December 31, 2023 and 2022,
2022, giro pada Bank Indonesia, giro pada current accounts with Bank Indonesia,
bank lain, penempatan pada Bank current accounts with other banks,
Indonesia dan bank lain, efek-efek, efek- placements with Bank Indonesia and
efek yang dibeli dengan janji dijual kembali, other banks, securities, securities
tagihan derivatif, tagihan akseptasi, dan purchased under resale agreements,
aset lain-lain berupa uang jaminan dan derivative receivables, acceptance
tagihan transaksi ATM Prima tidak memiliki receivables and other assets in form of
bukti objektif atas penurunan nilai secara refundable deposits and ATM Prima
individual dan kolektif. billing transaction have no objective
evidence of impairment individually as
well as collectively.
138
Page 427
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(iii) Evaluasi cadangan kerugian penurunan (iii) Assessment of allowance for impairment
nilai (lanjutan) losses (continued)
Pada tanggal 31 Desember 2023 dan As of December 31, 2023 and 2022,
2022, penurunan nilai secara individu dan loans individually and collectively
kolektif terhadap kredit yang diberikan impaired are as follows: (continued)
sebagai berikut: (lanjutan)
31 Desember/December 31, 2023
Individual/ Kolektif/
Individual Collective Total
Modal kerja 721.852 8.114.790 8.836.642 Working capital
Investasi 255.235 8.791.713 9.046.948 Investment
Konsumen 15.080 1.458.121 1.473.201 Consumer
Karyawan - 3.187 3.187 Employees
Jumlah 992.167 18.367.811 19.359.978 Total
Cadangan kerugian Allowance for
penurunan nilai (459.591) (53.970) (513.561) impairment losses
Neto 532.576 18.313.841 18.846.417 Net
31 Desember/December 31, 2022
Individual/ Kolektif/
Individual Collective Total
Modal kerja 470.114 7.718.354 8.188.468 Working capital
Investasi 70.531 6.924.222 6.994.753 Investment
Konsumen 26.563 1.472.671 1.499.234 Consumer
Karyawan - 4.830 4.830 Employees
Jumlah 567.208 16.120.077 16.687.285 Total
Cadangan kerugian Allowance for
penurunan nilai (382.550) (72.196) (454.746) impairment losses
Neto 184.658 16.047.881 16.232.539 Net
139
Page 428
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(iv) Tabel di bawah menunjukkan kualitas (iv) The tables below show credit quality per
kredit per jenis aset keuangan (diluar class of financial assets (gross of
cadangan kerugian penurunan nilai): allowance for impairment losses):
31 Desember/December 31, 2023
Belum jatuh tempo dan
tidak mengalami penurunan Jatuh tempo
nilai/Neither past due dan tidak
nor impaired mengalami
penurunan
Tingkat Tingkat nilai/ Mengalami
tinggi/ standar/ Past-due penurunan
High Standard but not nilai/
grade grade impaired Impaired Total
Nilai wajar melalui Fair value through
laporan laba rugi profit or loss
Tagihan derivatif 12.832 - - - 12.832 Derivative receivables
Nilai wajar melalui
penghasilan Fair value through
komprehensif lain other comprehensive income
Efek-efek 4.055.989 - - - 4.055.989 Marketable securities
Diukur pada biaya
perolehan diamortisasi Measured at amortized cost
Efek-efek 450.630 - - - 450.630 Marketable securities
Giro pada Current accounts with
Bank Indonesia 1.552.681 - - - 1.552.681 Bank Indonesia
Giro pada Current accounts with
bank lain - gross 139.142 - - - 139.142 other banks - gross
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain - gross 45.000 - - - 45.000 other banks - gross
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali 1.069.249 - - - 1.069.249 agreements to resale
Kredit yang diberikan 18.165.933 279.284 358.348 556.413 19.359.978 Loans
Pendapatan bunga
yang masih akan
diterima 82.416 2.327 13.701 - 98.444 Interest receivables
Aset lain-lain* 6.257 - - - 6.257 Other assets*
Jumlah 25.580.129 281.611 372.049 556.413 26.790.202 Total
Cadangan kerugian
penurunan nilai (24.529) (5.464) (77.230) (406.617) (513.840) Allowance for impaiment losses
Neto 25.555.600 276.147 294.819 149.796 26.276.362 Net
31 Desember/December 31, 2022
Belum jatuh tempo dan
tidak mengalami penurunan Jatuh tempo
nilai/Neither past due dan tidak
nor impaired mengalami
penurunan
Tingkat Tingkat nilai/ Mengalami
tinggi/ standar/ Past-due penurunan
High Standard but not nilai/
grade grade impaired Impaired Total
Nilai wajar melalui Fair value through
laporan laba rugi profit or loss
Tagihan derivatif 12.738 - - - 12.738 Derivative receivables
Nilai wajar melalui
penghasilan Fair value through
komprehensif lain other comprehensive income
Efek-efek 893.950 - - - 893.950 Marketable securities
Diukur pada biaya
perolehan diamortisasi Measured at amortized cost
Giro pada Current accounts with
Bank Indonesia 1.481.410 - - - 1.481.410 Bank Indonesia
Giro pada Current accounts with
bank lain - gross 279.436 - - - 279.436 other banks - gross
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain - gross 624.216 - - - 624.216 other banks - gross
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali 3.947.168 - - - 3.947.168 agreements to resale
Kredit yang diberikan 15.459.067 540.862 120.148 567.208 16.687.285 Loans
Pendapatan bunga
yang masih akan
diterima 44.731 10.775 1.802 - 57.308 Interest receivables
Aset lain-lain* 6.105 - - - 6.105 Other assets*
Jumlah 22.748.821 551.637 121.950 567.208 23.989.616 Total
Cadangan kerugian
penurunan nilai (28.547) (3.294) (11.017) (412.170) (455.028) Allowance for impaiment losses
Neto 22.720.274 548.343 110.933 155.038 23.534.588 Net
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable deposits
140
Page 429
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
a. Risiko kredit (lanjutan) a. Credit risk (continued)
(iv) Tabel di bawah menunjukkan kualitas (v) The tables below show credit quality per
kredit per jenis aset keuangan (diluar class of financial assets (gross of
cadangan kerugian penurunan nilai): allowance for impairment losses):
(lanjutan) (continued)
Kualitas kredit didefinisikan sebagai The credit quality are defined as follows:
berikut:
Tingkat tinggi High grade
Ini berkaitan dengan rekening debitur pada This pertains to those accounts in
segmen korporasi dan komersial dimana corporate and commercial segment
kemampuan membayar pokok dan bunga where the debtors ability to pay the
debitur sangat kuat. principal and interest is very strong.
Tingkat standar Standard grade
Ini berkaitan dengan rekening debitur This pertains to those accounts that
dengan potensi melemah. Debitur display potential weakness. The debtors
dianggap memiliki tingkat spekulasi yang are considered highly speculative in
tinggi dalam hal kapasitasnya untuk terms of capacity to pay interest and
membayar bunga dan pokok sesuai repay principal in accordance with the
dengan ketentuan kredit yang ada. credit terms.
(v) Analisis umur pinjaman yang jatuh tempo (v) The aging analysis of past due but not
tetapi tidak mengalami penurunan nilai impaired loans as of December 31, 2023
pada tanggal 31 Desember 2023 dan 2022, and 2022, are as follows:
sebagai berikut:
31 Desember/December 31, 2023
1 sampai 31 sampai 61 sampai
30 hari/ 60 hari/ 90 hari/
1 to 30 days 31 to 60 days 61 to 90 days Total
Modal kerja 265.696 1.989 24.371 292.056 Working capital
Investasi - 719 9.576 10.295 Investment
Konsumen 20.423 16.385 19.189 55.997 Consumer
Jumlah 286.119 19.093 53.136 358.348 Total
Cadangan kerugian
penurunan nilai (66.674) (1.437) (9.119) (77.230) Allowance for impairment losses
Neto 219.445 17.656 44.017 281.118 Net
31 Desember/December 31, 2022
1 sampai 31 sampai 61 sampai
30 hari/ 60 hari/ 90 hari/
1 to 30 days 31 to 60 days 61 to 90 days Total
Modal kerja 14.462 10.369 4.083 28.914 Working capital
Investasi 1.683 6.664 5.370 13.717 Investment
Konsumen 19.001 45.069 13.447 77.517 Consumer
Jumlah 35.146 62.102 22.900 120.148 Total
Cadangan kerugian
penurunan nilai (1.164) (6.291) (3.562) (11.017) Allowance for impairment losses
Neto 33.982 55.811 19.338 109.131 Net
141
Page 430
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
b. Manajemen risiko pasar b. Market risk management
Risiko ini disebabkan oleh pergerakan variabel Market risk is caused by the movements in
pasar yang dapat merugikan portofolio yang market variables which are interest and
dimiliki Bank yaitu suku bunga dan nilai tukar. exchange rate which can cause losses on the
Ruang lingkup manajemen risiko pasar antara Bank portfolio. The scope of this risk includes
lain meliputi aktivitas fungsional kegiatan treasury activities and investment in
treasuri dan investasi dalam bentuk efek-efek. securities or funding. Asset and Liability
penyediaan dana dan kegiatan pendanaan. Committee (“ALCO”) is the committee which
Asset and Liability Committee (“ALCO”) will help the Directors in monitoring and
merupakan komite yang membantu Direksi managing market risk.
dalam mengawasi dan mengelola risiko pasar.
Bank juga menetapkan kebijakan limit terhadap The Bank also implement limit policy in
aktivitas treasuri untuk menghindari terjadinya treasury activities to avoid portfolio
konsentrasi portofolio pada suatu instrumen concentrated in one instrument or specific
ataupun counterparty tertentu. sehingga terjadi counterparty to achieve diversification in
diversifikasi pengelolaan aset dan liabilitas. assets and liabilities.
i. Risiko tingkat suku bunga i. Interest rate risk
Tabel di bawah ini mengikhtisarkan The tables below summarise the Bank
eksposur Bank terhadap risiko tingkat suku exposure to interest rate risk on financial
bunga atas instrumen keuangan pada instrument as of December 31, 2023 and
tanggal 31 Desember 2023 dan 2022: 2022:
31 Desember/December 31, 2023
Suku bunga mengambang/
Variable interest rate
Lebih dari Suku bunga Tidak dikenakan
Tidak lebih 3 bulan/ tetap/ bunga/
dari 3 bulan/ More than Fixed Non-interest
Up to 3 months 3 months interest rate bearing Total
Aset keuangan Financial assets
Kas - - - 212.839 212.839 Cash
Current accounts
Giro pada Bank Indonesia 1.552.681 - - - 1.552.681 with Bank Indonesia
Current accounts with
Giro pada bank lain - neto 139.016 - - - 139.016 other banks - net
Penempatan pada
Bank Indonesia dan Placements with Bank Indonesia
Bank lain - neto - - 44.999 - 44.999 and other banks
Tagihan derivatif 12.832 - - - 12.832 Derivative receivables
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali - 1.069.249 - - 1.069.249 agreements to resale
Efek-efek - neto - 4.476.706 29.761 - 4.506.467 Marketable securities - net
Kredit yang diberikan - neto 564.705 16.833.084 1.448.628 - 18.846.417 Loans - net
Pendapatan bunga yang
masih akan diterima 805 92.837 4.802 - 98.444 Interest receivables
Aset lain-lain* 6.257 - - - 6.257 Other assets*
Jumlah aset keuangan 2.276.296 22.471.876 1.528.190 212.839 26.489.201 Total financial assets
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable
deposits
142
Page 431
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
b. Manajemen risiko pasar (lanjutan) b. Market risk management (continued)
i. Risiko tingkat suku bunga (lanjutan) i. Interest rate risk (continued)
Tabel di bawah ini mengikhtisarkan The tables below summarise the Bank
eksposur Bank terhadap risiko tingkat suku exposure to interest rate risk on financial
bunga atas instrumen keuangan pada instrument as of December 31, 2023 and
tanggal 31 Desember 2023 dan 2022: 2022: (continued)
(lanjutan)
31 Desember/December 31, 2023
Suku bunga mengambang/
Variable interest rate
Lebih dari Suku bunga Tidak dikenakan
Tidak lebih 3 bulan/ tetap/ bunga/
dari 3 bulan/ More than Fixed Non-interest
Up to 3 months 3 months interest rate bearing Total
Liabilitas segera - - - 20.501 20.501 Obligation due immediately
Liabilitas derivatif 2.023 - - - 2.023 Derivative payables
Liabilitas Akseptasi - - - - - Acceptance payables
Liabilitas atas efek-efek Liabilities on securities
yang dijual dengan sold under repurchase
janji dibeli kembali 94.295 - - - 94.295 agreements
Simpanan dari nasabah Deposits from customers
Giro 3.126.957 - - - 3.126.957 Current accounts
Tabungan 1.087.415 - - - 1.087.415 Saving accounts
Deposito berjangka - - 15.772.440 - 15.772.440 Time deposits
Simpanan dari bank lain 324.650 - - - 324.650 Deposits from other banks
Bunga yang masih harus
dibayar 46.953 - - - 46.953 Interest payables
Surat berharga subordinasi - 461.910 - - 461.910 Subordinated securities
Liabilitas lain-lain** 10.182 - - - 10.182 Other liabilities**
Jumlah liabilitas keuangan 4.692.475 461.910 15.772.440 20.501 20.947.326 Total financial liabilities
Gap repricing
suku bunga-kotor (2.416.179) 22.009.966 (14.244.250) 192.338 5.541.875 Gross interest repricing gap
31 Desember/December 31, 2022
Suku bunga mengambang/
Variable interest rate
Lebih dari Suku bunga Tidak dikenakan
Tidak lebih 3 bulan/ tetap/ bunga/
dari 3 bulan/ More than Fixed Non-interest
Up to 3 months 3 months interest rate bearing Total
Aset keuangan Financial assets
Kas - - - 217.290 217.290 Cash
Current accounts
Giro pada Bank Indonesia 1.481.410 - - - 1.481.410 with Bank Indonesia
Current accounts with
Giro pada bank lain - neto 279.154 - - - 279.154 other banks - net
Penempatan pada
Bank Indonesia dan Placements with Bank Indonesia
Bank lain - neto - - 624.216 - 624.216 and other banks
Tagihan derivatif 12.738 - - - 12.738 Derivative receivables
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali - 3.947.168 - - 3.947.168 agreements to resale
Efek-efek - neto - 893.950 - - 893.950 Marketable securities - net
Kredit yang diberikan - neto 1.442.290 13.318.373 1.471.876 - 16.232.539 Loans - net
Pendapatan bunga yang
masih akan diterima 1.424 51.503 4.381 - 57.308 Interest receivables
Aset lain-lain* 6.105 - - - 6.105 Other assets*
Jumlah aset keuangan 3.223.121 18.210.994 2.100.473 217.290 23.751.878 Total financial assets
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable
deposits
**) Liabilitas lain-lain terdiri dari setoran jaminan dan liabilitas kepada notaris **) Other liabiblities consist of security deposits and liability to notary
143
Page 432
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
b. Manajemen risiko pasar (lanjutan) b. Market risk management (continued)
i. Risiko tingkat suku bunga (lanjutan) i. Interest rate risk (continued)
31 Desember/December 31, 2022
Suku bunga mengambang/
Variable interest rate
Lebih dari Suku bunga Tidak dikenakan
Tidak lebih 3 bulan/ tetap/ bunga/
dari 3 bulan/ More than Fixed Non-interest
Up to 3 months 3 months interest rate bearing Total
Liabilitas segera - - - 16.495 16.495 Obligation due immediately
Liabilitas derivatif 1.764 - - - 1.764 Derivative payables
Liabilitas Akseptasi - - - - - Acceptance payables
Simpanan dari nasabah Deposits from customers
Giro 2.990.153 - - - 2.990.153 Current accounts
Tabungan 1.057.862 - - - 1.057.862 Saving accounts
Deposito berjangka - - 13.898.563 - 13.898.563 Time deposits
Simpanan dari bank lain 68.011 - - - 68.011 Deposits from other banks
Bunga yang masih harus
dibayar 27.053 - - - 27.053 Interest payables
Surat berharga subordinasi 467.025 - - 467.025 Subordinated securities
Liabilitas lain-lain** 4.436 - - - 4.436 Other liabilities**
Jumlah liabilitas keuangan 4.149.279 467.025 13.898.563 16.495 18.531.362 Total financial liabilities
Gap repricing
suku bunga-kotor (926.158) 17.743.969 (11.798.090) 200.795 5.220.516 Gross interest repricing gap
**) Liabilitas lain-lain terdiri dari setoran jaminan dan liabilitas kepada notaris **) Other liabiblities consist of security deposits and liability to notary
Analisis sensitivitas untuk beberapa faktor Sensitivity analysis for several market
pasar menunjukkan bagaimana laba atau factors showing how profit or loss could
rugi dapat dipengaruhi oleh perubahan dari be affected by changes in the relevant
beberapa faktor risiko sesuai dengan tabel risk factor are in the following tables
di bawah ini. Secara umum, sensitivitas below. In general, sensitivity is
diestimasi dengan membandingkan suatu estimated by comparing an initial value
nilai awal ke nilai tertentu setelah to the value derived after a specified
perubahan tertentu dari faktor pasar, change in the market factor, assuming
dengan mengasumsikan seluruh variabel all other variables are constant. The total
lainnya tetap. Total sensitivitas atas sensitivity of statement of profit or loss is
laporan laba rugi didasarkan pada asumsi based on the assumption that there are
bahwa terdapat perubahan paralel dalam parallel shifts in the yield curve.
kurva penghasilan.
Tabel di bawah ini menunjukkan The tables below demonstrates the
sensitivitas dari laporan laba rugi Bank sensitivity of the Bank’s statement of
terhadap kemungkinan perubahan suku profit or loss to reasonably possible
bunga untuk aset dan liabilitas keuangan changes in interest rates for financial
untuk tahun yang berakhir assets and liabilities for the years ended
31 Desember 2023 dan 2022: December 31, 2023 and 2022:
31 Desember/December 31, 2023
Dampak ke laporan
Perubahan laba rugi/
basis poin/ Impact to
Change the statement
in basis point of profit or loss
Rupiah +100 23.512 Rupiah
-100 (23.512)
Mata uang asing +100 11.287 Foreign currencies
-100 (11.287)
144
Page 433
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
b. Manajemen risiko pasar (lanjutan) b. Market risk management (continued)
i. Risiko tingkat suku bunga (lanjutan) i. Interest rate risk (continued)
Tabel di bawah ini menunjukkan The tables below demonstrates the
sensitivitas dari laporan laba rugi Bank sensitivity of the Bank’s statement of
terhadap kemungkinan perubahan suku profit or loss to reasonably possible
bunga untuk aset dan liabilitas keuangan changes in interest rates for financial
untuk tahun yang berakhir 31 Desember assets and liabilities for the years ended
2023 dan 2022: (lanjutan) December 31, 2023 and 2022:
(continued)
31 Desember/December 31, 2022
Dampak ke laporan
Perubahan laba rugi/
basis poin/ Impact to
Change the statement
in basis point of profit or loss
Rupiah +100 19.278 Rupiah
-100 (19.278)
Mata uang asing +100 25.624 Foreign currencies
-100 (25.624)
ii. Risiko mata uang ii. Foreign currency risk
Risiko mata uang adalah kemungkinan Foreign currency risk is the probability of
kerugian pendapatan yang timbul dari loss to earnings arising from changes in
perubahan kurs valuta asing. Bank foreign exchange rates. The Bank
mengelola paparan terhadap pengaruh manage exposure to effects of
fluktuasi nilai tukar mata uang asing fluctuations in foreign currency
dengan mempertahankan risiko mata uang exchange rates by maintaining foreign
asing dalam pedoman peraturan yang ada currency exposure within the existing
(yakni menjaga Posisi Devisa Neto sesuai regulatory guidelines (maintaining the
dengan peraturan Bank Indonesia). Net Open Position based on Bank
Indonesia regulations).
31 Desember/December 31, 2023
Perubahan
persentase
nilai tukar
mata uang
asing/ Pengaruh ke
Percentage laporan laba rugi/
change in Impact
foreign to the statement
currency rate of profit or loss
Mata uang asing +10% 264 Foreign currencies
-10% (264)
145
Page 434
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
b. Manajemen risiko pasar (lanjutan) b. Market risk management (continued)
ii. Risiko mata uang (lanjutan) ii. Foreign currency risk
31 Desember/December 31, 2022
Perubahan
persentase
nilai tukar
mata uang
asing/ Pengaruh ke
Percentage laporan laba rugi/
change in Impact
foreign to the statement
currency rate of profit or loss
Mata uang asing +10% 324 Foreign currencies
-10% (324)
Sensitivitas atas laporan laba rugi The sensitivity of the statement of profit or
merupakan dampak yang diestimasi atas loss is the estimated effect of the assumed
perubahan yang diasumsikan atas change in foreign exchange rates on income
perubahan nilai tukar berdasarkan aset based on foreign currency denominated
dan liabilitas keuangan yang dalam mata assets and liabilities.
uang asing.
c. Risiko likuiditas c. Liquidity risk
Risiko likuiditas merupakan risiko yang timbul Liquidity risk arises from possible losses due
dari kemungkinan kerugian disebabkan oleh to the inability of Bank to fulfill their obligation
ketidakmampuan Bank memenuhi liabilitas as it falls due. Liquidity risk is being managed
yang telah jatuh waktu. Pengelolaan risiko through application of liquidity strategies
likuiditas dilakukan melalui suatu strategi such as the decision of pricing and gapping
likuiditas antara lain mencakup penetapan of fund resources and loans, analysis of
pricing dan gapping terhadap sumber dana dan sufficient capital and investments in portfolio
kredit, analisis kecukupan modal serta investasi and securities. The Bank maintains their
dalam portofolio dan efek-efek. Bank akan liquidity to access financial market through
senantiasa memelihara kemampuan their relationships with the other
likuiditasnya untuk melakukan akses pasar correspondent banks.
uang dengan memelihara hubungan dengan
bank-bank koresponden.
146
Page 435
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
c. Risiko likuiditas (lanjutan) c. Liquidity risk (continued)
Tabel jatuh tempo berikut menyajikan informasi The following maturity tables provide
mengenai perkiraan sisa jatuh tempo dari aset information about the expected maturities of
dan liabilitas keuangan pada tanggal financial assets and liabilities as of
31 Desember 2023 dan 2022: December 31, 2023 and 2022:
31 Desember/December 31, 2023
> 1 bulan s.d. > 3 bulan s.d. > 6 bulan s.d. > 1 tahun s.d.
Sampai dengan 3 bulan/ 6 bulan/ 12 bulan/ 5 tahun/
1 bulan/ > 1 month up > 3 months up > 6 months up > 1 year up > 5 tahun/ Nilai tercatat/
Up to 1 month to 3 months to 6 months to 12 months to 5 years > 5 years Carrying value
Aset Assets
Kas 212.839 - - - - - 212.839 Cash
Giro pada Current accounts with
Bank Indonesia 1.552.681 - - - - - 1.552.681 Bank Indonesia
Current accounts with
Giro pada bank lain 139.142 - - - - - 139.142 other banks
Penempatan pada
Bank Indonesia dan Placements with Bank
bank lain 45.000 - - - - - 45.000 Indonesia and other banks
Tagihan derivatif 12.832 - - - - - 12.832 Derivative receivables
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali 972.443 96.806 - - - - 1.069.249 agreements to resale
Efek-efek 4.506.619 - - - - - 4.506.619 Marketable securities
Kredit yang diberikan 343.634 503.185 1.164.581 2.972.045 2.234.107 12.142.426 19.359.978 Loans
Pendapatan bunga yang
masih akan diterima 450 729 2.051 4.717 6.268 84.229 98.444 Interest receivables
Aset lain-lain* 6.257 - - - - - 6.257 Other assets*
Jumlah 7.791.897 600.720 1.166.632 2.976.762 2.240.375 12.226.655 27.003.041 Total
Liabilitas Liabilities
Liabilitas segera 20.501 - - - - - 20.501 Obligation due immediately
Liabilitas derivatif 2.023 - - - - - 2.023 Derivative payable
Liabilitas atas efek-efek Liabilities on securities
yang dijual dengan under repurchase
janji dibeli kembali 94.295 - - - - - 94.295 agreements
Simpanan dari nasabah 13.815.704 3.947.673 1.946.337 277.098 - - 19.986.812 Deposits from customers
Simpanan dari bank lain 324.650 - - - - - 324.650 Deposits from other banks
Bunga yang masih harus
dibayar 46.953 - - - - - 46.953 Interest payables
Surat berharga subordinasi - 461.910 - - - - 461.910 Subordinated securities
Liabilitas lain-lain** 10.182 - - - - - 10.182 Other liabilities**
Jumlah 14.314.308 4.409.583 1.946.337 277.098 - - 20.947.326 Total
Aset/(liabilitas) - neto (6.522.411) (3.808.863) (779.705) 2.699.664 2.240.375 12.226.655 6.055.715 Assets/(liabilities) - net
147
Page 436
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
c. Risiko likuiditas (lanjutan) c. Liquidity risk (continued)
Tabel jatuh tempo berikut menyajikan informasi The following maturity tables provide
mengenai perkiraan sisa jatuh tempo dari aset information about the expected maturities of
dan liabilitas keuangan pada tanggal financial assets and liabilities as of
31 Desember 2023 dan 2022: (lanjutan) December 31, 2023 and 2022: (continued)
31 Desember/December 31, 2022
> 1 bulan s.d. > 3 bulan s.d. > 6 bulan s.d. > 1 tahun s.d.
Sampai dengan 3 bulan/ 6 bulan/ 12 bulan/ 5 tahun/
1 bulan/ > 1 month up > 3 months up > 6 months up > 1 year up > 5 tahun/ Nilai tercatat/
Up to 1 month to 3 months to 6 months to 12 months to 5 years > 5 years Carrying value
Aset Assets
Kas 217.290 - - - - - 217.290 Cash
Giro pada Current accounts with
Bank Indonesia 1.481.410 - - - - - 1.481.410 Bank Indonesia
Current accounts with
Giro pada bank lain 279.436 - - - - - 279.436 other banks
Penempatan pada
Bank Indonesia dan Placements with Bank
bank lain 624.216 - - - - - 624.216 Indonesia and other banks
Tagihan derivatif 12.738 - - - - - 12.738 Derivative receivables
Tagihan atas efek-efek Receivables on securities
yang dibeli dengan purchased under
janji dijual kembali 3.947.168 - - - - - 3.947.168 agreements to resale
Efek-efek 46.737 - 39.752 100.034 707.427 - 893.950 Marketable securities
Kredit yang diberikan 527.204 1.225.271 947.981 2.647.876 5.709.847 5.629.106 16.687.285 Loans
Pendapatan bunga yang
masih akan diterima 197 1.769 1.781 4.735 17.531 31.295 57.308 Interest receivables
Aset lain-lain* 6.105 - - - - - 6.105 Other assets*
Jumlah 7.142.501 1.227.040 989.514 2.752.645 6.434.805 5.660.401 24.206.906 Total
Liabilitas Liabilities
Liabilitas segera 16.495 - - - - - 16.495 Obligation due immediately
Liabilitas derivatif 1.764 - - - - - 1.764 Derivative payable
Simpanan dari nasabah 14.825.499 2.664.066 360.377 96.636 - - 17.946.578 Deposits from customers
Simpanan dari bank lain 68.011 - - - - - 68.011 Deposits from other banks
Bunga yang masih harus
dibayar 27.053 - - - - - 27.053 Interest payables
Surat berharga subordinasi - - - - 467.025 - 467.025 Subordinated securities
Liabilitas lain-lain** 4.436 - - - - - 4.436 Other liabilities**
Jumlah 14.943.258 2.664.066 360.377 96.636 467.025 - 18.531.362 Total
Aset/(liabilitas) - neto (7.801.039) (1.437.026) 629.137 2.656.009 5.967.780 5.660.401 5.675.544 Assets/(liabilities) - net
Tabel di bawah ini menunjukkan sisa jatuh The table below shows the remaining
tempo kontraktual dari liabilitas keuangan contractual maturities of financial liabilities
berdasarkan pada undiscounted cash flows based on undiscounted cash flows as of
pada tanggal 31 Desember 2023 dan 2022: December 31, 2023 and 2022:
31 Desember/December 31, 2023
Sampai > 1 bulan > 3 bulan > 6 bulan
dengan s.d 3 bulan/ s.d 6 bulan/ s.d 12 bulan/
1 bulan/ > 1 month > 3 months > 6 months
Up to up to up to up to > 1 tahun/ Jumlah/
1 month 3 months 6 months 12 months > 1 year Total
Liabilitas keuangan Financial liabilites
Liabilitas segera 20.501 - - - - 20.501 Obligation due immediately
Liabilitas derivatif 2.023 - - - - 2.023 Derivative payables
Liabilitas atas efek-efek Liabilities on securities
yang dijual dengan sold under repurchase
janji dibeli kembali 94.295 - - - - 94.295 agreements
Simpanan dari nasabah 14.752.208 3.134.743 1.982.627 278.224 - 20.147.802 Deposits from customers
Simpanan dari bank lain 324.650 - - - - 324.650 Deposits from other banks
Surat berharga subordinasi - 461.940 - - - 461,940 Subordinated securities
Liabilitas lain-lain** 10.182 - - - - 10.182 Other liabilities**
Jumlah 15.203.859 3.596.683 1.982.627 278.224 - 21.061.393 Total
*) Aset lain-lain terdiri dari tagihan transaksi ATM Prima dan uang jaminan *) Other asset consist of ATM Prima billing transaction and refundable
deposits
**) Liabilitas lain-lain terdiri dari setoran jaminan dan liabilitas kepada notaris **) Other liabiblities consist of security deposits and liability to notary
148
Page 437
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
c. Risiko likuiditas (lanjutan) c. Liquidity risk (continued)
Tabel di bawah ini menunjukkan sisa jatuh The table below shows the remaining
tempo kontraktual dari liabilitas keuangan contractual maturities of financial liabilities
berdasarkan pada undiscounted cash flows based on undiscounted cash flows as of
pada tanggal 31 Desember 2023 dan 2022: December 31, 2023 and 2022: (continued)
(lanjutan)
31 Desember/December 31, 2022
Sampai > 1 bulan > 3 bulan > 6 bulan
dengan s.d 3 bulan/ s.d 6 bulan/ s.d 12 bulan/
1 bulan/ > 1 month > 3 months > 6 months
Up to up to up to up to > 1 tahun/ Jumlah/
1 month 3 months 6 months 12 months > 1 year Total
Liabilitas keuangan Financial liabilites
Liabilitas segera 16.495 - - - - 16.495 Obligation due immediately
Liabilitas derivatif 1.764 - - - - 1.764 Derivative payables
Simpanan dari nasabah 14.419.061 1.895.074 1.613.554 104.079 - 18.031.768 Deposits from customers
Simpanan dari bank lain 68.011 - - - - 68.011 Deposits from other banks
Surat berharga subordinasi 10.261 13.149 14.100 12.050 471.635 521.195 Subordinated securities
Liabilitas lain-lain** 4.436 - - - - 4.436 Other liabilities**
Jumlah 14.520.028 1.908.223 1.627.654 116.129 471.635 18.643.669 Total
**) Liabilitas lain-lain terdiri dari setoran jaminan dan liabilitas kepada notaris **) Other liabiblities consist of security deposits and liability to notary
d. Risiko operasional d. Operational risk
Bank terus meningkatkan tata kelola risiko The Bank continues to improve operational
operasional dengan kolaborasi aktif antara risk with an active collaboration between
perspektif bottom-up dari risk taking unit dan bottom-up perspective from risk taking unit
Divisi Manajemen Risiko dan pengawasan aktif and Risk Management Division and active
dari Manajemen secara top-down. supervision from top-down Management.
Implementasi internal control bottom-up Internal control of bottom-up is implemented
dilakukan melalui peningkatan pemahaman by increasing employee understanding and
dan keterampilan karyawan dalam skills in identifying and mitigating key
mengidentifikasi dan memitigasi risiko bisnis business risks through the Operational Risk
utama melalui proses Operational Risk Self- Self-Assessment (ORSA) process,
Assessment (ORSA), pemantauan Key monitoring Key Operational Risk Indicators
Operational Risk Indicator (KORI), serta kaji (KORI), as well as periodic review and
ulang dan pembaruan kebijakan dan prosedur updating of policies and procedures.
secara berkala.
Bank secara berkala, melakukan pemantauan From top-down perspective, the Bank
dan tindak lanjut oleh Direksi secara regularly conducted monitoring follow-up
komprehensif, dan pelaksanaan forum Komite from the Board of Directors comprehensively,
Manajemen Risiko (KMR) minimal 4 kali dalam and the implementation of Risk Management
setahun yang membahas mengenai isu Committee (RMC) forums that discuss
strategis terkait dengan pengelolaan risiko strategic issues related to corporate risk
Bank. management at minimum 4 times a year.
149
Page 438
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
e. Risiko hukum e. Legal risk
Bank memastikan setiap produk dan transaksi The Bank ensures that all new and existing
baik yang baru maupun yang sudah ada telah products and transactions are in accordance
sesuai dengan peraturan dan perundangan with the applicable laws and regulations. The
yang berlaku. Bank mengelola risiko hukum Bank manages legal risk by minimizing the
dengan meminimalisasi potensi terjadinya potential for claims from parties that cause
gugatan dari para pihak yang menyebabkan losses to the Bank. All agreements are
kerugian terhadap Bank. Seluruh perjanjian processed and developed within the
diproses dan dikembangkan dengan kerangka framework of the agreement in accordance
perjanjian sesuai dengan peraturan with applicable laws and regulations in
perundangan yang berlaku di Indonesia. Bank Indonesia. The Bank manages every legal
mengelola setiap kasus hukum dan menangani case and handles litigation cases that are
kasus litigasi yang dihadapi sesuai dengan faced in accordance with the applicable laws
ketentuan dan peraturan perundang-undangan and regulations.
yang berlaku.
f. Risiko kepatuhan f. Compliance risk
Bank melakukan berbagai upaya preventif The Bank carries out various preventive
dengan mematuhi kaidah-kaidah perbankan measures by complying with applicable
yang berlaku untuk memastikan bahwa banking rules to ensure that the policies,
kebijakan, ketentuan, sistem dan prosedur, regulations, systems and procedures, as well
serta kegiatan usaha yang dilakukan oleh Bank as business activities carried out by the Bank
telah sesuai dengan ketentuan OJK dan are in accordance with the provisions of the
ketentuan peraturan perundang-undangan OJK and the provisions of the legislation and
serta memastikan kepatuhan Bank terhadap ensure the Bank’s compliance with
komitmen yang dibuat oleh Bank kepada OJK commitments made by the Bank to the OJK
dan/atau otoritas pengawas lain yang and/or other authorised supervisory
berwenang. authorities.
Peran dan fungsi kepatuhan sangat dibutuhkan The role and function of compliance is
dalam mengelola risiko kepatuhan agar sejalan needed in managing compliance risk so that
dengan penerapan manajemen risiko Bank it is in line with the implementation of the
secara keseluruhan dalam rangka menjaga Bank’s overall risk management in order to
harmonisasi antara kepentingan komersial maintain harmonisation between the Bank’s
Bank dengan ketaatan terhadap ketentuan commercial interests and compliance with
peraturan perundang-undangan yang berlaku. applicable laws and regulations.
g. Risiko reputasi g. Reputation risk
Bank memiliki sistem untuk menangani The Bank has a system to handle customer
pengaduan nasabah dan didukung kebijakan complaints and is supported by policies and
serta prosedur penanganan dan penyelesaian procedures for handling and resolving
pengaduan nasabah yang memadai. customer complaints adequately.
Pelaporan secara rutin kepada manajemen Reporting on a regular basis to management
dilakukan melalui laporan bulanan dan is done through monthly and quarterly
triwulanan Manajemen Risiko kepada jajaran reports on Risk Management to the Board of
Direksi yaitu terkait data pengaduan dan Directors regarding data of value of the
penyelesaian pengaduan. complaint.
150
Page 439
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
g. Risiko reputasi (lanjutan) g. Reputation risk (continued)
Bank melakukan monitoring secara sistematis The Bank does systematic media monitoring
dan mencakup media secara keseluruhan including online and offline media. Each
termasuk yang bersumber secara online potential reputation risk is managed by
maupun offline. Setiap potensi risiko reputasi escalating a predetermined problem based
dikelola dengan jalur eskalasi masalah yang on the significance of the problem for the
telah ditentukan berdasarkan signifikansi relevant members of the Board of Directors.
masalah kepada anggota Direksi terkait. Jalur Clean-cut lines of communication have also
komunikasi yang jelas juga telah disiapkan been prepared to ensure uniformity of
untuk memastikan keseragaman pesan communication messages to front-line
komunikasi kepada karyawan lini depan terkait employees related to media reporting or the
dengan pemberitaan media atau isu reputasi issue that has potential reputation risk.
h. Risiko strategik h. Strategic risk
Risiko strategik timbul antara lain disebabkan Strategic risk is caused by decision and
adanya penetapan dan pelaksanaan strategi application of improper strategy, improper
yang tidak tepat, pengambilan keputusan bisnis business decisions and unresponsive bank
yang tidak tepat atau kurang responsifnya Bank action against external changes. In
terhadap perubahan eksternal. Dalam addressing strategic risk, the Bank identifies
mengelola risiko strategik, Bank melakukan functional activities from loan, treasury,
identifikasi pada aktivitas fungsional tertentu investment, operation and services. The
seperti perkreditan, treasuri dan investasi, serta Bank record the change of performance as
operasional dan jasa. Bank melakukan result of unrealized strategic application and
pencatatan perubahan kinerja akibat tidak the control of financial position by monitoring
terealisasinya pelaksanaan strategi dan the realisation of the Bank’s goal.
melakukan pengendalian keuangan untuk
melakukan pemantauan realisasi target Bank.
Bank memperkuat implementasi strategi The Bank strengthens strategy
dengan pemantauan secara berkala, diiringi implementation by periodic monitoring,
dengan pengelolaan struktur biaya yang baik. accompanied by adequate cost structure
Inisiatif dari Bank dalam mendorong management. The initiative of the Bank in
implementasi strategi untuk mendukung misi encouraging the implementation of strategies
dan tujuan Bank diikuti dengan pengawasan to support the mission and objectives of the
yang kuat dan berkelanjutan. Pengawasan Bank is followed by strong and ongoing
tujuan strategis yang ketat dari Direksi akan supervision. Supervision of the strict strategic
memastikan Bank bergerak ke arah yang tepat. objectives of the Board of Directors will
ensure the Bank moves in the right direction.
Penilaian risiko Bank yang disampaikan kepada The Bank risks assessment which is
Otoritas Jasa Keuangan (OJK) yang disusun submitted to Financial Services Authority
melalui proses self-assessment untuk (OJK) is evaluated through self-assessment
menghasilkan profil risiko yang terdiri dari process by making a risk profile which
inherent risk yaitu risiko yang melekat pada consists of inherent risks to the bank industry
aktivitas bank dan risk control system yaitu as well as the corresponding controls to
pengendalian terhadap risiko inheren. Sesuai address those risks. According to Financial
dengan kriteria ukuran dan kompleksitas usaha Services Authority (OJK) regulation, on the
Bank berdasarkan peraturan Otoritas Jasa basis of Bank measurement and business
Keuangan (POJK) yang berlaku, penilaian complexity, the risks are evaluated on the
risiko dilakukan terhadap delapan jenis risiko basis of eight types of risk namely credit risk,
yaitu risiko kredit, risiko pasar, risiko likuiditas, market risk, liquidity risk, operational risk,
risiko operasional, risiko kepatuhan, risiko compliance risk, legal risk, reputation risk,
hukum, risiko reputasi, dan risiko strategik. and strategic risk.
151
Page 440
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
h. Risiko strategik (lanjutan) h. Strategic risk (continued)
Hasil penilaian profil risiko Bank yang The results of the evaluation of risk profile of
disampaikan kepada Otoritas Jasa Keuangan the Bank which has been submitted to
(POJK) pada periode Desember 2023 Financial Services Authority (OJK) in
menunjukkan bahwa peringkat risiko secara December 2023 indicated that the aggregate
keseluruhan bisnis Bank dinilai “Low to risk of the Bank's business is “Low to
Moderate” dengan kecenderungan tren stabil. Moderate” with tendency of a stable trend.
i. Manajemen permodalan i. Capital management
Sasaran utama atas kebijakan pengelolaan The primary objectives of the Bank’s capital
permodalan yang dilakukan oleh Bank adalah management policy is to ensure that the
untuk mematuhi ketentuan permodalan Bank complies with applicable external
eksternal yang berlaku dan untuk capital requirements to maintain healthy
mempertahankan rasio permodalan yang sehat capital ratios in order to support their
agar dapat mendukung usaha dan business and to maximise shareholder value.
memaksimalkan nilai bagi pemegang saham.
Bank mengelola struktur modal dan melakukan The Bank manages their capital structure
penyesuaian atas struktur tersebut terhadap and makes adjustments to it in the light of
perubahan kondisi ekonomi dan karakteristik changes in economic conditions and the risk
risiko aktivitasnya. Untuk mempertahankan characteristics of their activities. In order to
atau menyesuaikan struktur modal tersebut, maintain or adjust the capital structure, the
Bank dapat menyesuaikan jumlah pembayaran Bank may adjust the amount of dividend
dividen kepada pemegang saham, payment to shareholders, return capital to
mengembalikan modal kepada pemegang shareholders or issue new shares.
saham atau mengeluarkan saham baru.
Manajemen menggunakan rasio permodalan Management uses regulatory capital ratios in
yang diwajibkan regulator untuk memantau order to monitor its capital. OJK’s approach
permodalan Bank. Pendekatan OJK digunakan is used to measure it which is primarily based
untuk pengukuran tersebut terutama on monitoring the relationship of the capital
berdasarkan pengawasan atas hubungan adequacy to availability of capital resources.
antara kecukupan modal dengan ketersediaan
modal.
Bank telah mematuhi semua persyaratan modal The Bank has complied with all applicable
yang ditetapkan sepanjang tahun pelaporan. external capital requirements throughout the
reporting year.
152
Page 441
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
39. MANAJEMEN RISIKO (lanjutan) 39. RISK MANAGEMENT (continued)
i. Manajemen permodalan (lanjutan) i. Capital management (continued)
Rasio Kewajiban Penyediaan Modal Minimum The Capital Adequacy Ratio (”CAR”) is the
(”KPMM”) adalah rasio modal Bank terhadap ratio of Bank’s capital over its Risk Weighted
Aset Tertimbang Menurut Risiko (Risk Assets (”RWA”). The Bank’s Capital
Weighted Assets/RWA). Kewajiban Adequacy Ratio (”CAR”) in
Penyediaan Modal Minimum (”KPMM”) Bank accordance to POJK No.11/POJK.03/2016,
berdasarkan POJK No. 11/POJK.03/2016, No. 34/POJK.03/2016 and POJK No. 27 year
POJK No. 34/POJK.03/2016, POJK No. 27 2022 is as follows:
tahun 2022 yang berlaku adalah sebagai
berikut:
31 Desember/December 31
2023 2022
Modal inti (Tier 1) 6.014.355 5.729.759 Core capital (Tier 1)
Modal pelengkap (Tier 2) 195.275 262.724 Supplementary capital (Tier 2)
Jumlah modal 6.209.630 5.992.483 Total capital
Aset tertimbang menurut risiko Risk weighted assets
Risiko kredit 15.235.593 16.844.943 Credit risk
Risiko pasar 382.744 161.667 Market risk
Risiko operasional 962.994 1.303.999 Operational risk
Jumlah aset tertimbang
menurut risiko 16.581.331 18.310.609 Total risk weighted assets
Rasio KPMM Capital adequacy ratio
Rasio Common Equity Tier 1 36,27% 31,29% Common Equity Tier 1 ratio
Rasio Tier 1 36,27% 31,29% Tier 1 ratio
Rasio Tier 2 1,18% 1,43% Tier 2 ratio
Rasio total 37,45% 32,73% Total ratio
Rasio KPMM yang diwajibkan
menurut profil risiko 9,00% - < 10,00% 9,00% - < 10,00% Required CAR based on risk profile
40. PERNYATAAN STANDAR AKUNTANSI 40. STATEMENTS OF FINANCIAL ACCOUNTING
KEUANGAN (PSAK) YANG TELAH DISAHKAN STANDARDS ISSUED BUT NOT YET
NAMUN BELUM BERLAKU EFEKTIF EFFECTIVE
Standar akuntansi dan interpretasi yang telah The standards and interpretations that are issued
disahkan oleh DSAK-IAI, tetapi belum berlaku efektif by the DSAK-IAI, but not yet effective for current
untuk laporan keuangan tahun berjalan year financial statements are disclosed below.
diungkapkan di bawah ini.
- Amendemen PSAK 1: “Penyajian Laporan - Amendment of SFAS 1: “Presentation of
Keuangan” terkait liabilitas jangka panjang Financial Statements” insurance contract
dengan kovenan. Penerapan amendemen regarding long-term liabilities with the
tersebut berlaku efektif sejak 1 Januari 2024 covenant. The application of the amendment
sesuai dengan perubahan tanggal berlaku is effective from January 1, 2024, in
efektifnya Amendemen PSAK No. 1 tentang accordance with the change in the effective
“Penyajian Laporan Keuangan” terkait “Klasifikasi date of Amendment of SFAS No. 1 regarding
Liabilitas sebagai Jangka Pendek atau Jangka “Presentation of Financial Statements” related
Panjang” yang sebelumnya berlaku efektif sejak to “Classification of Liabilities as Short Term
1 Januari 2023 menjadi 1 Januari 2024. or Long Term” which was previously became
effective from January 1, 2023, will become
January 1, 2024.
153
Page 442
The original financial statements included herein are in
Indonesian language.
PT BANK CHINA CONSTRUCTION PT BANK CHINA CONSTRUCTION
BANK INDONESIA Tbk BANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of December 31, 2023
dan untuk Tahun yang Berakhir and for the Year Then Ended
pada Tanggal Tersebut (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
40. PERNYATAAN STANDAR AKUNTANSI 40. STATEMENTS OF FINANCIAL ACCOUNTING
KEUANGAN (PSAK) YANG TELAH DISAHKAN STANDARDS ISSUED BUT NOT YET EFFECTIVE
NAMUN BELUM BERLAKU EFEKTIF (lanjutan) (continued)
Efektif berlaku pada atau setelah tanggal Effective on or after January 1, 2024
1 Januari 2024 (lanjutan) (continued)
- Amendemen PSAK 73: “Sewa” terkait liabilitas sewa - Amendment of SFAS 73: “Leases”
pada transaksi jual dan sewa-balik. Amendemen regarding lease liabilities in sale-and-lease
tersebut mengadopsi seluruh pengaturan dalam back transactions. The amendment adopts
Amendemen IFRS 16 tentang “Lease” terkait “Lease the entire provision in IFRS Amendment 16
Liability in a Sale and Leaseback”. Penerapan on “Lease” regarding “Lease Liability in Sale
amendemen ini dimulai untuk periode tahun buku and Leaseback” Application of this
yang dimulai pada atau setelah tanggal 1 Januari amendment commences for the period of
2024 dan penerapan lebih dini diperkenankan. the financial year beginning on or after
January 1, 2024, and early adoption is
permitted.
Pada saat penerbitan laporan keuangan, Bank masih As at the authorisation date of this financial
mempelajari dampak yang mungkin timbul dari statements, the Bank is still evaluating the
penerapan standar akuntansi baru dan revisi potential impact of these new and revised
tersebut serta pengaruhnya pada laporan keuangan accounting standards to the financial statements
Bank. of the Bank.
41. PENYELESAIAN LAPORAN KEUANGAN 41. COMPLETION OF THE FINANCIAL
STATEMENTS
Manajemen bertanggung jawab atas penyajian The management is responsible for the
laporan keuangan yang telah diselesaikan dan preparation of financial statements which were
diotorisasi untuk diterbitkan oleh Direksi Bank pada completed and authorized for issuance by the
tanggal 2 Februari 2024. Bank’s Board of Directors on February 2, 2024.
154
Page 443
278 Opening Business and Functional Review Financial Review
2023 Annual Report
idn.ccb.com
Names mentioned 86 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Pefindo
p.6 ×2
unresolved
org
Bank Indonesia
p.6 ×100
unresolved
org
Bank Windu Kentjana International Tbk
p.11 ×12
unresolved
org
Bank Windu
p.11 ×6
unresolved
org
PT Bank Antardaerah
p.11 ×2
unresolved
org
Financial Services Authority
p.11 ×19
unresolved
org
Conducted China Construction Bank Indonesia Tbk
p.12
unresolved
org
China Construction Bank Corporation
p.12 ×9
unresolved
org
Bank Multicor Tbk
p.12 ×6
unresolved
org
Bank Windu Kentjana
p.12 ×2
unresolved
org
Minister of Justice and Human
p.12
unresolved
org
Bank Indonesia Certificates
p.12
unresolved
org
PT Multinational Finance
p.12
unresolved
org
Bank Multicor. Subsequently
p.12
unresolved
person
Johnny Wiraatmadja
p.12 ×2
unresolved
—
Andreas Basuki
· Corporate Secretary
p.14
unresolved
org
Indonesia Stock Exchange
p.14 ×5
unresolved
org
PT Indonesian Central Securities Depository Indonesia Stock Exchange
p.15
unresolved
person
Eliwaty Tjitra
p.15
unresolved
person
H. Fachrudin
p.15
unresolved
org
Central Huijin Investment Ltd.
p.16 ×3
unresolved
org
HKSCC Nominees Limited
p.16 ×2
unresolved
org
CCB Corporation
p.16 ×16
unresolved
org
Central Huijin Asset Management Ltd.
p.16
unresolved
org
Hong Kong Securities Clearing Company Ltd.
p.16
unresolved
org
Shareholders China Construction Bank Corporation
p.16
unresolved
org
Corporation Limited
p.19
unresolved
org
Casualty Insurance Co., Ltd.
p.19
unresolved
org
CCB Private Equity Investment Management Co., Ltd.
p.19
unresolved
org
CCB Principal Asset Management Co., Ltd.
p.19
unresolved
org
CCB Financial Asset Investment Co., Ltd.
p.19
unresolved
org
CCB Financial Leasing Co., Ltd.
p.19
unresolved
org
CCB Wealth Management Co., Ltd.
p.19
unresolved
org
CCB Futures Co., Ltd.
p.19
unresolved
org
CCB Life Insurance Co., Ltd.
p.19
unresolved
org
Operation Subsidiaries CCB Consumer Finance Co., Ltd.
p.19
unresolved
org
CCB Trust Co., Ltd.
p.19
unresolved
org
CCB Pension Management Co., Ltd.
p.19
unresolved
org
CCB Housing Services Co., Ltd.
p.19
unresolved
org
Rental Private Fund Management CCB Engineering Consulting Co., Ltd.
p.19
unresolved
org
Limited Sino-German Bausparkasse Co., Ltd.
p.19
unresolved
org
Bank Indonesia's
p.36 ×5
unresolved
org
Bank Indonesia Certificate
p.48
unresolved
org
Bank Risk Management Approach
p.54
unresolved
org
Bank Capital Structure Standard Format
p.60 ×4
unresolved
org
Bank Sistemik
p.69
unresolved
org
Bank Individually
p.73 ×9
unresolved
org
Bank Individually Net Receivables Before
p.81
unresolved
org
Bank Individually Portfolio Category
p.82
unresolved
org
Bank Individually Net Receivables
p.84
unresolved
org
PT Bank China Construction Bank
p.280
unresolved
org
Indonesia Tbk
p.280
unresolved
org
PT BANK CHINA CONSTRUCTION
p.307 ×14
unresolved
person
Sun Jianzheng
· Komisaris Utama
p.307
unresolved
person
Chandra N.T. Siagian
· Direktur Keuangan
p.307
unresolved
person
Irwan Ignatius Bonto
· Anggota
p.308
unresolved
org
Tokyo Branch China Construction Bank Corporation
p.394
unresolved
org
Shenzhen Branch China Construction Bank Corporation
p.394
unresolved
org
London Branch China Construction Bank Corporation
p.394
unresolved
org
Dana Pensiun Bank Windu
p.394
unresolved
org
Bank Windu Pension Fund
p.394
unresolved
org
Bank Indonesia Regulation
p.397 ×2
unresolved
org
North Jakarta District Court
p.411
unresolved
org
Mahkamah Agung
p.411
unresolved
org
Pengadilan Negeri Jakarta Utara
p.411
unresolved
org
Bank CCB Indonesia
p.416 ×2
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