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PT Bank UOB Indonesia
Annual Report 2023
Building the Future of ASEAN
Build and Rebuild
Farhan Siki
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About this Report PT Bank UOB Indonesia (UOB Indonesia or Bank) has been committed to creating long-term value for our customers, our colleagues and the community since 1956. We aim to provide continuous product and services excellence while generating positive contributions to the development of enterprise and economic growth, and returns to our stakeholders. The format of this report follows the requirements of Indonesian Financial Services Authority/Otoritas Jasa Keuangan (OJK) and is in line with UOB Group’s reporting practices. This report and more information on UOB Indonesia can be found at www.uob.co.id. Please scan the QR codes to view: https://www.uob.co.id/about-us/investor-relations/laporan-keuangan/annual-report.page
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Building the Future of ASEAN
Build and Rebuild
Farhan Siki
Synthetic enamel on canvas
140 x 110 cm
Build and Rebuild, the top winner of the 2022 UOB Painting of the Year (Indonesia) competition, Established
Artist Category, is the design inspiration for this year’s Annual Report. The artwork depicts the scene of
reconstruction work to advance a nation despite the uncertain future.
Through the images of people laying bricks, working on cement mixers and climbing up and down the
scaffolding, we see the building of homes, places of work and public facilities. This is a reflection of the
fast development of our home region, where UOB strives to build a brighter future for the people and
businesses in ASEAN.
As the leading patron of the arts in Asia, UOB believes in the vital role of art in connecting communities.
The UOB Painting of the Year competition, the Bank’s flagship art programme now in its 42nd year,
is currently held across five Southeast Asian markets where UOB has a deep presence.
Annual Report 2023 | PT Bank UOB Indonesia 1
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Contents 2023 UOB Indonesia
Financial Highlights
About This Report
1 Theme
Net Profit Operating Profit
4 Highlights
18 Management Report
IDR675 billion IDR917 billion
-29.0% -19.3%
32 Company Profile
76 Management Discussion
and Analysis
124 Good Corporate
Governance Gross Customer Loans Customer Deposits
282 Sustainability Report IDR84,023 billion IDR119,283 billion
-1.8% +4.7%
359 Statement of the Members
of Board of Commissioners
and Board of Directors
regarding Responsibility for
2023 Annual Report of PT
Bank UOB Indonesia Non-Performing Loans Ratio - net Total Assets
Financial Report 1.39% IDR162,546 billion
-0.34% pt +17.6%
Non-Performing Loans Ratio - gross Net Stable Funding Ratio
2.58% 131.55%
-0.40% pt +0.18% pt
Non-Performing Loans
IDR2,149 billion
-13.4%
Jakarta, Indonesia
2 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Building the Future
of Asean
For the people and businesses within,
and connecting with, ASEAN.
Our Purpose statement above underscores UOB’s brand
promise to do right by our stakeholders, including customers,
colleagues and the community. It reflects our long-term
strategy, signalling the Bank’s intent to intensify investment
in the region to help realise the potential of the people and
businesses in ASEAN. It also reinforces UOB’s commitment to
facilitate economic flows within and with ASEAN to support
businesses across generations.
Annual Report 2023 | PT Bank UOB Indonesia 3
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Chapter .01
Highlights
Key Financial Graphics
Loans – net Customer Deposits Total Assets
(in Billion Rupiah) (in Billion Rupiah) (in Billion Rupiah)
162,546
119,283
113,917
100,033
138,276
91,965
121,395
81,298
116,554
79,912
105,661
81,544
73,631
71,198
67,711
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Total Equity Net Interest Income Income for the Year
(in Billion Rupiah) (in Billion Rupiah) (in Billion Rupiah)
17,601
951
15,361
14,678
675
14,136
666
655
12,275
5,357
518
5,140
4,433
3,648
4,131
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
4 Annual Report 2023 | PT Bank UOB Indonesia
Page 7
Building the Future of ASEAN
Key Financial Graphics
Loan to Deposit Capital Adequacy Return on Assets
Ratio (LDR) Ratio (CAR) (ROA)
(in Percentage) (in Percentage) (in Percentage)
90.92
0.87
18.85
0.84
18.32
76.87
17.98
16.55
16.57
0.71
74.78
73.18
0.70
69.92
0.61
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Return on Equity Net Interest Margin Non-Performing
(ROE) (NIM) Loans (NPL) Ratio–
gross
(in Percentage) (in Percentage) (in Percentage)
6.70
5.63
4.68
4.44
4.02
3.98
3.81
3.85
3.51
3.65
3.82
2.98
2.58
2.44
1.69
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Annual Report 2023 | PT Bank UOB Indonesia 5
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Chapter .01
Highlights
Five-Year Financial Summary
Statement of Financial Position
(in Billion Rupiah)
as of 31 December
Description
2023 2022 2021 2020 2019
Assets
Cash 604 717 632 594 589
Current accounts with Bank Indonesia 9,901 8,870 4,315 3,374 5,362
Current accounts with other banks - net 982 1,094 1,879 1,412 2,095
Placements with Bank Indonesia and other banks - net 2,136 5,856 2,995 7,914 2,076
Trading securities and financial investments – net 35,795 28,547 18,054 19,710 15,122
Receivables on securities purchased with agreements
22,678 2,870 15,540 9,194 1,418
to resell - net
Derivatives receivable 841 1,321 727 1,325 704
Loans – net 79,912 81,298 71,198 67,711 73,631
Acceptances receivable – net 2,499 3,683 2,753 2,061 2,332
Deferred tax assets – net 734 747 553 378 84
Fixed assets and right-of-use assets - book value 2,685 1,408 1,233 1,297 1,189
Intangible assets - net 1,130 - - - -
Other assets – net 2,649 1,865 1,516 1,584 1,059
Total Assets 162,546 138,276 121,395 116,554 105,661
Liabilities and Equity
Current liabilities 475 193 176 205 193
Demand deposits 23,702 24,166 21,583 17,666 10,999
Saving deposits 37,486 38,648 31,727 24,076 18,215
Time deposits 58,095 51,103 46,724 50,223 52,330
Customer Deposits 119,283 113,917 100,034 91,965 81,544
Deposits from other banks 1,399 206 74 178 895
Interests payable 199 132 126 153 265
Taxes payable 171 196 241 244 129
Derivatives payable 1,223 1,401 725 1,682 553
Liabilities on securities sold under repurchase
13,296 - 13 - 424
agreements
Acceptances payable 2,412 3,252 2,311 2,009 2,166
Borrowings - - - 2,037 3,100
Liabilities for employees’ benefits 344 258 279 301 248
Debt securities issued – net 1,443 1,596 1,498 2,582 3,179
Other liabilities 4,700 1,764 1,241 1,062 690
Total Liabilities 144,945 122,915 106,717 102,418 93,386
Total Equity 17,601 15,361 14,678 14,136 12,275
Total Liabilities and Equity 162,546 138,276 121,395 116,554 105,661
6 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Five-Year Financial Summary
Statement of Profit or Loss and Other Comprehensive Income
(in Billion Rupiah)
for the years ended 31 December
Description
2023 2022 2021 2020 2019
Interest income 9,945 7,571 6,941 7,697 8,003
Interest expense (4,588) (2,431) (2,508) (3,566) (4,355)
Interest income - net 5,357 5,140 4,433 4,131 3,648
Total other operating income - net 1,374 1,396 1,339 1,520 1,152*
Total provision for impairment losses (797) (1,599) (1,478) (1,513) (496)
Total other operating expenses (5,017) (3,801) (3,464) (3,360) (3,409)*
Operating income - net 917 1,136 830 778 895*
Total non-operating income (5) 12 19 5 17*
Income before tax expense 912 1,148 849 783 912
Tax expense (237) (197) (194) (265) (246)
Income for the year 675 951 655 518 666
Other comprehensive income/(loss) for the year - net of
65 (268) (113) 135 232
tax
Total comprehensive income for the year 740 683 542 653 898
Net profit attributable to:
Owner’s equity 675 951 655 518 666
Total comprehensive income for the year attributable to:
Owner’s equity 740 683 542 653 898
Earnings per share (in Rupiah, full amount) 60 85 59 49 70
Statement of Cash Flow
(in Billion Rupiah)
for the years ended 31 December
Description
2023 2022 2021 2020 2019
Cash and cash equivalents at beginning of year 16,543 9,826 13,308 11,085 9,699
Net cash (used in)/provided by operating activities (730) 18,585 (1,044) 6,935* (44)
Net cash (used in)/provided by investing activities (3,121) (12,223) 704 (4,590) 2,319
Net cash (used in)/provided by financing activities 1,285 29 (3,164) (189)* (783)
Net effect on exchange rate on cash and cash
(31) 326 22 67 (106)
equivalents
Cash and cash equivalents at the end of year 13,946 16,543 9,826 13,308 11,085
*Reclassification in connection with the implementation of PSAK 73 which is effective starting 1 January 2020.
Annual Report 2023 | PT Bank UOB Indonesia 7
Page 10
Chapter .01
Highlights
Five-Year Financial Summary
Financial Ratios
(in percentage)
as of 31 December
Description
2023 2022 2021 2020 2019
Capital
Capital Adequacy Ratio
18.32 16.57 17.98 18.85 16.55
(CAR)
Tier 1 ratio 16.73 14.74 15.88 16.41 13.79
Tier 2 ratio 1.58 1.83 2.10 2.44 2.76
Gross fixed assets to
28.55 20.42 19.88 19.08 18.45
capital
Assets Quality
Non-performing earning
assets to total earning 0.73 1.01 1.28 0.89 0.71
assets
Non-performing loans
2.58 2.98 3.51 2.44 1.69
(NPL) – gross
Non-performing loans
1.39 1.73 2.22 1.51 1.19
(NPL) – net
Earnings
Return on assets (ROA) 0.61 0.84 0.71 0.70 0.87
Return on equity (ROE) 4.44 6.70 4.68 4.02 5.63
Net interest margin (NIM) 3.85 3.98 3.81 3.82 3.65
Operating expense to
92.31 87.74 90.19 92.26 90.37
operating income (BOPO)
Liquidity
Loan to deposit ratio (LDR) 69.92 73.18 74.78 76.87 90.92
Low-cost funding ratio
51.30 55.14 53.29 45.39 35.83
(CASA)
Compliance
Violation of Legal Lending
0.00 0.00 0.00 0.00 0.00
Limit (LLL)
Lending in excess of the
0.00 0.00 0.00 0.00 0.00
Legal Lending Limit (LLL)
Minimum statutory reserves
(GWM): Rupiah
- daily 9.42 9.47 3.92 3.25 5.63
- average 10.34 10.57 4.24 3.12 6.10
Minimum statutory reserves
(GWM): Foreign currencies
- daily 4.67 4.10 4.13 4.20 8.25
- average 4.22 4.12 4.12 4.14 8.17
Net open positions (NOP)
4.16 1.52 0.97 4.04 12.33
aggregate
Others
8 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Five-Year Financial Summary
Financial Ratios
(in percentage)
as of 31 December
Description
2023 2022 2021 2020 2019
Liabilities to equity ratio 823.50 800.18 727.05 724.52 760.79
Liabilities to assets ratio 89.17 88.89 87.91 87.87 88.38
Total issued and fully paid
shares capital 12,227,591,633 11,186,644,888 11,186,644,888 11,186,644,888 9,553,885,804
(in IDR, full amount)
* Calculated in accordance with the regulations of Bank Indonesia/Financial Services Authority (OJK).
Highlights of Shares in The Last Two Years
For the period 2022 to 2023, UOB Indonesia did not issue or trade shares on Indonesia Stock Exchange and
stock exchanges of other countries. Therefore, information related to the Bank’s shares is not applicable to be
disclosed.
Information on Corporate Action in The Last Two Years
In 2022, UOB Indonesia issued IDR100 billion Subordinated Debts through a public offering to strengthen our
capital position. In 2023, the Bank issued 1,040,946,745 new ordinary shares at total amount of IDR1,500 billion
to our existing shareholders. This increased the Bank’s ordinary share capital to 12,227,591,633 shares or IDR3,056
billion as at 31 December 2023.
Information on Company Ratings
No Rating Agency Rating Rating Description Validity Period
1 Fitch Rating Indonesia AAA(idn) Senior Debt 2024
2 Fitch Rating Indonesia AA(idn) Subordinated Debt 2024
Annual Report 2023 | PT Bank UOB Indonesia 9
Page 12
Chapter .01
Highlights
2023 Event Highlights
The Completion of Citigroup Consumer Banking Acquisition
2023 was a historic milestone year for UOB Indonesia. We have completed the acquisition of Citigroup’s consumer
banking business in Indonesia, adding significant number of customers which strengthen our Retail base, as well
as welcoming larger employee force to the UOB family.
In the press conference, UOB Indonesia announced a capital injection, enabling the Bank to expand its business
scale to ensure long-term stability.
November 2023
10 Annual Report 2023 | PT Bank UOB Indonesia
Page 13
Building the Future of ASEAN
2023 Event Highlights
Cultivating a wellness culture for the people of UOB
UOB believes people are our greatest asset. Our people philosophy of Care, Growth, and Trust are continuously
embedded in our everyday culture, uniting colleagues for a common and shared purpose.
UOB Indonesia CEO Awards 2023
UOB Indonesia awarded the most prestigious recognition, CEO
Awards, to Dicky Handaya, PV Team Head, as a form of appreciation
for his persistence and grit to achieve the Bank’s collective purpose.
Along with the award, UOB Indonesia held the Start of the Year
(SOTY) under the theme ‘Growing in Unity.’ The SOTY event series
comprised of SOTY Workshop, Service Convention, Sales Convention,
10 February 2023
Sales and Service Awards, and UOBI Got Talent.
Eid al-Fitr Celebration
Throughout the month of Ramadan, UOB Indonesia hosted a
series of events under the theme ‘Creating good in the beauty of
togetherness’, aimed to strengthen collaboration among colleagues
through Ramadan activities.
11 May 2023
The Inauguration of U-Clinic
In alignment with UOB’s Employee Value Proposition (EVP), consists
of Care, Growth and Trust, UOB Indonesia officiates U-Clinic, the first
in-house health clinic in UOB Plaza where employees are able to
receive a thorough medical attention from the office.
19 June 2023
UOB Indonesia picks up top honours in Bisnis Indonesia Financial
Award 2023
Mr Hendra Gunawan, President Director, UOB Indonesia, garnered
the prestigious title of ‘Best CEO’ in the banking sector. UOB
Indonesia also received ‘Best Performance Bank’ in Kelompok Bank
berdasarkan Modal Inti (KBMI) 3 category, a banking classification
based on core capital from The Financial Services Authority (OJK).
24 August 2023
Annual Report 2023 | PT Bank UOB Indonesia 11
Page 14
Chapter .01
Highlights
2023 Event Highlights
Connecting businesses, in ASEAN and beyond
Through our deep understanding of ASEAN, we provide strategic expertise to local businesses and markets. As
the One Bank for ASEAN, UOB aims to seize the region’s immense opportunities and connects key stakeholders
for better expansion.
Digital banking transformation for businesses through UOB Infinity
UOB Indonesia launched UOB Infinity, a digital platform for businesses
to manage banking necessities in simpler and smarter manner. The
platform was first launched in Singapore and is now available in 10
Southeast Asian countries.
17 January 2023
Uncovering ways to seize opportunities in 2023
UOB Indonesia Global Markets shared 2023 economic forecast
to assets and securities management firms presented by UOB
Economist. The event expressed the appreciation for clients’ support.
26 January 2023
UOB Media Circle: The Role of Banking Industry in Leveraging the
Economy of Indonesia through Capital Markets
UOB Indonesia held the second Editors’ Circle series under the theme
‘The Role of Banking Industry in Leveraging the Economy of Indonesia
through Capital Markets Sector.’ The event aims to increase financial
inclusion and literacy as the key to sustainable economic growth in
Indonesia.
24 May 2023
UOB Editors’ Circle: Creating Investment Opportunities in Indonesia
UOB Indonesia held the UOB Editors’ Circle session, focusing on
‘Creating Investment Opportunities in Indonesia’ with the Ministry
of Investment / BKPM. The session also elaborated the highlights of
UOB Business Study Outlook, involving 530 corporations and SMEs
from various sectors in major Indonesian cities.
12 September 2023
12 Annual Report 2023 | PT Bank UOB Indonesia
Page 15
Building the Future of ASEAN
2023 Event Highlights
UOB FinLab
UOB Indonesia launched The FinLab, a flagship programme from
UOB Group, designed as an accelerator of business innovations to
help businesses grow and digitalise their business.
19 September 2023
UOB Infinity FSCM
UOB Indonesia launched a new feature in UOB Infinity, financial
supply chain management (FSCM) capability for corporate clients
with the latest features and sets of comprehensive solutions.
25 September 2023
UOB Gateway to ASEAN Conference 2023
As one of the leading banks in Southeast Asia, UOB Group is
committed in serving the needs of the region. Through UOB Gateway
to ASEAN Conference: ‘ASEAN Forging Ahead’, held for the first time in
Indonesia, UOB shared perspectives on unlocking new opportunities
in ASEAN to 600 participants comprising of business leaders,
government officials, clients, and partners from across Indonesia,
ASEAN, and Greater China.
11 October 2023
Annual Report 2023 | PT Bank UOB Indonesia 13
Page 16
Chapter .01
Highlights
2023 Event Highlights
Personalising banking for every customer’s needs
At UOB, we aspire to become the bank of choice for individuals at every life stages. We serve the financial and
lifestyle needs of our customers by offering a suite of personalised solutions.
Lunar New Year celebration with customers
UOB Indonesia held a Lunar New Year celebration with customers
of Commercial Banking, Business Banking, Consumer Banking,
and Privilege Banking to welcome the Year of Water Rabbit which
symbolises longevity, peace, and prosperity in the Chinese culture.
February 2023
UOB Indonesia, Visa, and Volopay launched corporate credit card
solution
Through the collaboration between UOB Indonesia, Visa, and
Volopay, businesses are able to link UOB corporate credit card and
Volopay platform, aimed to accelerate innovation, enhance market
penetration and drive sustainable growth.
21 March 2023
UOB Editors’ Circle: Digital Ecosystem Inclusion for Sustainable
Economic Growth
UOB Indonesia organised Editors’ Circle which discussed the latest
technological developments and digital-based industry players. The
session showcased how the industry players collectively transformed
the banking ecosystem while accelerating Indonesia’s economic
growth. The event was attended by representatives from Bank
Indonesia, business partners, and Senior Editors from media.
28 March 2023
UOB Media Literacy: Preserve and Grow Your Wealth Through a
Risk-First Approach
As part of UOB Indonesia’s commitment to strengthen financial
literacy for the community, UOB Indonesia held a media literacy
session titled ‘Preserve and Grow Your Wealth Through a Risk-
First Approach.’ This session aimed to expand financial literacy by
understanding the risks suitable with one’s financial goals.
30 March 2023
14 Annual Report 2023 | PT Bank UOB Indonesia
Page 17
Building the Future of ASEAN
2023 Event Highlights
Building a sustainable future for ASEAN
Our CSR committments focus on art, children and education. UOB has also made a commitment to net zero in
2050 and we play a role as an enabler for our corporate customers’ transition efforts.
Earth and Ocean Sustainability Literacy Through Art
As part of UOB Indonesia’s commitment to actualise a sustainable
community, UOB Indonesia colleagues taught the importance of
ocean ecosystem to underprivileged children in Bali.
29 March 2023
Celebrating Ramadan more closely with TMRW by UOB
TMRW by UOB donated digital devices and writing tools to 500
children across eight orphanages in Jakarta. This event is intended to
bridge the digital gap for less privileged children, enhancing digital
literacy and promoting digital inclusion in Indonesia.
16 May 2023
Dialogue on Indonesia’s Art Development
UOB Indonesia held a talk show on the development of art in
Indonesia in Bandung to reflect UOB’s commitment in supporting
local artists through UOB Painting of the Year competition.
19 May 2023
Sustainability Town Hall
UOB Indonesia held the first Sustainability Town Hall, attended
by more than 100 senior leaders. The Town Hall marks the start of
Sustainability Office in UOB Indonesia, a dedicated function to reflect
UOB’s commitment in forging a sustainable future for businesses and
people of ASEAN.
16 June 2023
Building Art Ecosystem in Indonesia
UOB Indonesia partnered with Indonesian Institute of Art in Denpasar
and held a talk show themed ‘Building Art Ecosystem in Indonesia’.
The talk show discussed the development of art in Indonesia, and
UOB’s role in supporting artists through UOB Painting of the Year
competition.
23 June 2023
Annual Report 2023 | PT Bank UOB Indonesia 15
Page 18
Chapter .01
Highlights
2023 Event Highlights
Public Lecture in Indonesian Institute of Art Yogyakarta (ISI) ‘Art
Governance in Indonesia’
UOB Indonesia participated in Public Lecture in Indonesian Institute
of Art Yogyakarta titled ‘Art Governance in Indonesia.’ The session
delivered the importance of building a comprehensive art ecosystem
and UOBI’s role in supporting Indonesian local artists to university
students and art enthusiasts.
6 July 2023
UOB and South Pole - Climate Journey: Steering Change in the Palm
Oil Sector in Asia
As a form of UOB’s commitment realising a sustainable business,
UOB Indonesia collaborated with South Pole in seminar ‘Climate
Journey: Steering Change in the Palm Oil Sector in Asia.’ The seminar
discussed about ways companies in palm oil supply chain may adopt
sustainability practices and ways to access to sustainable financing.
12 July 2023
U-Solar 2.0 Launch
UOB Indonesia launched U-Solar 2.0, an expansion from U-Solar
programme, which aims to connect the solar panel ecosystem by
simplifying access to sustainable financing for local solar Engineering,
Procurement, Construction and Commissioning (EPCC) contractors as
well as project developers.
25 July 2023
Elevating inclusivity through sign language class
Together with Bahasa Isyarat Indonesia (BISINDO), UOB Indonesia
held sign language classes for colleagues’ volunteerism. The classes
are part of the UOB Heartbeat event series, aimed to build inclusivity
and communication with deaf children.
July 2023
Introducing Sustainable Development Goals (SDG) through Child
Education and Play
UOB Indonesia arranged Child Education and Play Programme for
children of UOBI colleagues. The event was followed by 154 children
ranging from 4 to 11 years old, intended to introduce the importance
of savings and Sustainable Development Goals (SDG), as a call-to-
action to protect our planet.
5-6 July 2023
16 Annual Report 2023 | PT Bank UOB Indonesia
Page 19
Building the Future of ASEAN
2023 Event Highlights
16 May 2023
2023 UOB Heartbeat Run/Walk
More than 2,000 colleagues attended the UOB Heartbeat Run/Walk 2023 and raised funds amounted
to IDR240 million. The event was collectively celebrated in Jakarta, Bandung, Medan, Semarang, and
Surabaya on 12 August 2023, in collaboration with five local foundations to improve standard of living for
disadvantaged children and families.
13th UOB Painting of the Year
UOB Indonesia held the awarding of 13th UOB Painting of the Year
(POY) (Indonesia) to Ni Nyoman Sani for her artwork titled ‘Tranquility.’
The award was presented by the Director General of Culture, Ministry
of Education, Culture, Research, and Technology of the Republic of
Indonesia.
Seven other artists were also awarded based on the category of
25 October 2023
Emerging Artist and Established Artist.
UOB Artspace and Play by UOB at Art Jakarta
UOB Indonesia continues its sixth year as lead partner of Art
Jakarta as part of UOB Indonesia’s commitment in supporting the
development of art, children, and education. UOB Art Space featured
25 artworks from the UOB Painting of the Year alumni along with Play
by UOB to develop children’s creativity and imagination.
17-19 November 2023
27-28 November 2023
Extending creative and financial literacy to communities
UOB Indonesia collaborated with Socfindo Conservation, sustainability flagship project from Socfin
Indonesia, to teach children about sustainability through Botanical Cyanotype Print workshop by recycling
fallen leaves.
In addition to the workshop, UOBI shared about financial literacy to the local communities residing in Dolok
Masihul, Medan.
Annual Report 2023 | PT Bank UOB Indonesia 17
Page 20
Chapter .02
Management
Report
Board of Commissioners
20
Report
25 Board of Directors Report
Raja Ampat, Papua, Indonesia
18 Annual Report 2023 | PT Bank UOB Indonesia
Page 21
Building the Future of ASEAN Annual Report 2023 | PT Bank UOB Indonesia 19
Page 22
Chapter .02
Management Reports
Board of Commissioners Report
“UOB operates from a position of strength
in ASEAN. It is an exciting region with much
potential to grow. In 2023, we developed a
three-year plan that will help us reach our
goal to become the most preferred bank in
Southeast Asia.”
“Build and Rebuild” is the title of the painting on the dynamism of the region. As a leading ASEAN bank,
the cover of this year’s Annual Report. It depicts we are confident that UOB’s strong balance sheet and
construction, reconstruction and rebuilding following diversified revenue drivers will enable us to ride on
unprecedented changes. It is a reminder that while the these favourable megatrends to grow with the people
world has gone through an intense period of change and businesses across the region.
in the past few years, we also have the capacity to
transform and regenerate. As the largest economy in ASEAN, Indonesia continues
to show its resilience with promising prospects. Rising
This has been the case for UOB. We have emerged domestic consumption, increased exports, a large
better and stronger since the pandemic. Amid the sea trade balance surplus, strong government spending,
of changes, we remain steadfast in our commitment and more resilient gross fixed capital formation have
to do right by our customers. We are progressively continued to sustain Indonesia’s economy. UOB
building our scale and franchise in ASEAN as we build Indonesia remains committed to supporting economic
a brighter future together. growth and advancing businesses and individuals’
ambitions and aspirations by providing the best
A dynamic ASEAN banking products and solutions.
In 2023, the global economy faced uncertainties and
challenges. Global economic activity moderated on the Transforming ourselves to deliver on
back of slower demand in the Eurozone and China. The our ambition
US economy was unexpectedly resilient and averted UOB is here for the long term. And we stand by our
a slowdown. Closer to home, the ASEAN economies commitment to balancing growth with stability, we
recovered well from the ravage of the pandemic. expect the operating environment in the next decade
to differ vastly from today. The banking industry of the
Looking ahead, uncertainties about US inflation and future is likely to see regionalisation of economic flows,
China’s growth will continue to linger while geopolitical new industries emerging due to the sustainability push,
tensions and political transitions could lead to another artificial intelligence taking service and productivity to
bumpy year globally. Growth in the ASEAN region is a new level, and the rise of regulated digital currencies
expected to remain strong due to domestic demand, and tokens.
moderating inflation and increased trade and
investment flows. In 2023, Group developed a three-year plan that will
help us reach our goal to become the most preferred
UOB operates from a position of strength in ASEAN. bank in Southeast Asia. After several years of building
It is an exciting region with much potential to grow. product capabilities across our diverse revenue
Supply chain diversification, the digital revolution, the engines, the Bank will now focus on harnessing the
massive investments for transition to net zero and a capabilities for our next stage of growth.
rising middle-class are some of the megatrends driving
20 Annual Report 2023 | PT Bank UOB Indonesia
Page 23
Building the Future of ASEAN
Board of Commissioners Report
We will transform ourselves to deliver our ambition by: supported close to 4,000 companies in their cross-
border expansion across Asia. In the past two years,
• reshaping our business to drive ASEAN connectivity we have supported approximately 100 companies in
and cross-border trade; their expansion into Indonesia. These companies have
• leveraging the enlarged customer base and pledged to invest about S$12 billion in the country
synergies from the acquisition of Citigroup’s over a three-year period and these investments would
consumer business in four ASEAN countries to fulfil create 15,000 jobs.
customer needs and lifestyle aspirations;
• developing new initiatives to target emerging Enlarged scale and stronger
industries such as those related to sustainability
and innovation; and capabilities
• doubling down on productivity efforts by In 2023, we grew our retail customer base to more than
digitalising our processes, enhancing customer eight million across the region as we completed the
experience, deepening employee engagement and acquisition of Citigroup’s consumer banking businesses
streamlining costs. in four ASEAN markets – Indonesia, Malaysia, Thailand
and Vietnam.
Resilient financial performance In the year, we integrated the new businesses in
In 2023, UOB Indonesia’s net profit before tax stood at Malaysia and Indonesia with the UOB platforms,
IDR912 billion. The resilient performance was supported while integration in Thailand is slated for the first
by net interest income of IDR5,357 billion, driven by net half of 2024 and Vietnam will follow suit in 2025. This
interest margin expansion of 3.9 per cent. transformational deal has accelerated UOB’s growth
in the region by five years.
Loans reached IDR79,912 billion, mainly driven by loans
growth in Consumer Banking and Commercial Banking. Despite challenging macroeconomic conditions in
Customer deposits also grew 4.7 per cent to IDR119.3 2023, the Group’s net credit card fees almost doubled
trillion. compared with the year before, with a corresponding
doubling of total income from unsecured business. The
We remained prudent in managing credit risk. Gross Group’s total assets under management (AUM) rose 11
non-performing loan ratio as of 31 December 2023, per cent in 2023, while in UOB Indonesia, we doubled
stood at 2.6 per cent, declining 0.4 percentage points our assets under management and the number of
from a year ago. Total assets as of 31 December 2023, wealth customers grew 58.6 per cent, reflecting
increased to IDR162.5 trillion, with total equity reaching customers’ confidence and trust in us.
IDR17,601 billion from a year ago. The Bank’s Capital
Adequacy Ratio remained strong at 18.3 per cent, well- Supported by stronger capabilities and an enlarged
above the regulatory requirement. scale, we are in a sweet spot to foster strategic
partnerships across multiple markets. In 2023, we
UOB Indonesia strives to maintain sound liquidity and announced mega lifestyle offerings as the presenting
healthy capital positions to support our customers sponsors for the Taylor Swift The Eras Tour in
through the business cycles, while maximising Singapore and the Ed Sheeran +-=÷x Tour in four of
shareholder value. our key markets, including Indonesia. We will do more
to extend lifestyle offerings that meet the needs and
In recognition of our strong balance sheet and sound aspirations of our customers in Indonesia and across
business model and profile, UOB Indonesia was rated the region with unparalleled customer experience.
AAA (idn) National Long-Term Rating by Fitch Ratings
Indonesia, making us one of the most highly rated
banks in Indonesia. Enhanced digital solutions for
customers
With a strong regional franchise, we continue to drive We want to do right by our customers. That includes
sustainable economic growth in ASEAN. Collaborating providing them banking services anytime, anywhere
with the Indonesian Ministry of Investment, business and through any channel they prefer – at our branches,
associations and partners, we facilitated companies’ or online, or a combination of both.
entries into markets across the region. Since 2011,
our Foreign Direct Investment Advisory team has
Annual Report 2023 | PT Bank UOB Indonesia 21
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To enhance our omni-channel strategy, we have UOB released its first net zero progress report on its
strengthened digital solutions to provide customers commitment to reach net zero by 2050. We made
with a seamless offline to online experience. positive headway in meeting the targets set for our
five focus sectors in power, automotive, real estate,
For our corporate customers, UOB Infinity, our digital construction and steel. We achieved reductions in
banking platform for businesses, is now available emissions intensities across all five sectors in 2022.
in 10 markets across ASEAN, including Indonesia, Our commitment also includes no new financing
and Greater China. For the smaller businesses, our for upstream oil and gas projects approved for
UOB BizSmart, an integrated suite of digital business development after 2022. Together, the six sectors
solutions, can help enhance operational efficiency make up about 60 per cent of our corporate lending
via greater transparency in payroll management, portfolio.
e-commerce, and managing taxation requirements.
For UOB Indonesia, we established a Country
As our retail customer base continues to expand, we Sustainability Office in 2023, tasked to develop
are ramping up to serve our regional customers. With a the Bank’s sustainability portfolio and to support
unified UOB TMRW in Singapore, Malaysia, Indonesia the Group’s advancement towards our net zero
and Thailand, we now offer unified rewards and digital targets. In 2023, we launched two energy-related
wealth capabilities to deepen engagement with our initiatives in Indonesia to support businesses and
customers across these markets. individuals in going green. One was U-Energy - the
first integrated financing platform in Indonesia and
Regional platforms powering in Asia - to encourage the development and adoption
of energy efficiency projects for buildings and homes
connectivity in Indonesia. The other was U-Solar, Asia’s first
Through our extensive regional footprint, UOB solar industry ecosystem that offers businesses and
supports businesses as they expand domestically and consumers a suite of financial solutions to encourage
across the region. Our unique combination of strong the development and adoption of solar power. We
sector expertise and local market knowledge enables remain committed in partnering our customers to
us to help businesses navigate market complexities achieving the sustainability goals of the United
and seize growth opportunities in ASEAN. Nations Sustainability Development Goals (SDGs) and
the National SDGs, for a better future.
Forging a sustainable future for
ASEAN Supporting our community as a
UOB supports an orderly and just transition to net catalyst for change
zero so that economies continue to grow, and people’s UOB believes in doing our part to strengthen social
lives and livelihoods continue to improve. We aim to bonds and enrich lives as a catalyst for change. We do
catalyse funding and to support our customers on their this through a variety of ways, including fundraising,
transition journey. We are transforming our operating volunteering and supporting various social causes
processes and deepening our collaboration with the related to art, children and education. Through our
larger ecosystem of stakeholders, including across all efforts in various corporate social responsibility
levels of government, economy and society. initiatives, we aim to keep the good going and to do
right by our communities.
As of the end of 2023, the Group had extended S$44.5
billion in sustainable financing. UOB has developed Our annual UOB Global Heartbeat Run/Walk event in
a holistic programme to operationalise our net zero Indonesia raised more than IDR250 million under the
commitment through: UOB Heartbeat Fund to improve the lives of hearing
• developing sectoral plans to set targets and impaired children and support special needs schools.
measure progress;
• supporting customers on their decarbonisation We believe that art is a powerful source of inspiration
journey; and connection. In its 42nd year, UOB Painting of the
• embedding net zero in the Bank’s operating model; Year (POY) competition is the longest running annual
and art competition in Singapore and one of the most
• driving effective stakeholder engagement.
22 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Board of Commissioners Report
recognised in Southeast Asia. In Indonesia, through our Performance evaluation of the
13th UOB POY Indonesia competition, we continued to
uncover and nurture talents across the country, while
Board of Directors
In 2023, the Board of Commissioners and the Board of
building a thriving ecosystem for regional artists to
Directors met quarterly to discuss and evaluate business
scale greater heights. The expansion of this flagship
performance as well as compliance with Indonesian
competition to Vietnam in 2023 also reinforces our
laws and regulations. The Board of Commissioners
long-term commitment to supporting visual art in
worked closely with the Board of Directors to ensure
Southeast Asia.
that strategies were in line with the Bank’s interests
and ambition.
Strengthening our people culture
the UOB Way We reviewed and provided advice on the Bank’s three-
Culture is a key differentiator for UOB. Just like strong year strategic plan. The plan called for ambitious
roots providing foundation and anchor to a tree, our targets to be achieved in 2024. It included action plans
culture of care, growth and trust help our UOB family to advance the Bank’s growth in three strategic areas
stay grounded and shapes how we grow. - personalisation, connectivity and sustainability, while
ensuring our long-term philosophy and our commitment
In the past few years, we have introduced programmes to deliver value to stakeholders.
that cater to our people’s welfare and we will continue
to build on that. We believe in growing our own timber The Board of Commissioners are confident that
and supporting our people to realise their full potential. the Board of Directors has carried out its roles and
Building trust in the workplace also continues to be responsibilities in accordance with the Bank’s priorities
a focus area so that we can empower our people to and will continue to drive growth in 2024.
make a difference in their work.
Improving Corporate Governance
We introduced The UOB Way to codify our unique The Board of Commissioners provides guidance to the
culture and belief system among our people in 2022. Board of Directors on Good Corporate Governance
This is built upon our core values of Honourable, United, (GCG), advises on risk management and ensures the
Committed and Enterprising. In the year, we extended Bank’s compliance with regulatory requirements. Our
The UOB Way beyond our people – to include their strong commitment to upholding GCG is critical for
families and the community. the Bank to achieve our mission of safeguarding the
interests of all stakeholders, enhance the value of the
In 2023, The UOB Way was formally introduced to UOB Bank and achieve sustainable growth.
Indonesia’s employees. It was embedded in all training
programmes attended by our colleagues. In the The GCG principles of Transparency, Accountability,
year, we organised some 1,200 training programmes Responsibility, Independence and Fairness serve
clocking nearly 190,000 training hours collectively as a guide for all our business activities, and we
for all our colleagues. We have also continued to regularly monitor its implementation. In 2023, we
implement training programmes to optimise growth further strengthened our risk management framework
for colleagues, fostering optimal development. through the anti-fraud policy. A UOB Fraud Hotline was
established, providing a safe channel for reporting
Our people are our greatest asset. We will continue to suspected fraud and ensuring independent fraud
invest to create a conducive environment where our investigations by the investigation unit. We also set up
people are engaged and energised. This ensures that an Integrated Fraud Management function that works
we have the right culture and talent pool to deliver closely with business and support units to strengthen
value to our customers and stakeholders. existing practices in the six pillars of the anti-fraud
strategy - prevention, detection, handling, resolution,
remediation and reporting.
We continue to put in place a whistleblowing
policy and process, supported by the Internal Audit
department and the Audit Committee. We have
completed the Violation Reporting System to protect
Annual Report 2023 | PT Bank UOB Indonesia 23
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Management Reports
Board of Commissioners Report
the confidentiality of whistle-blowers so that they Composition of the Board of
can report alleged violations of the Code of Ethics,
including acts of fraud, with greater peace of mind.
Commissioners
An Extraordinary General Meeting (EGM) was held
with shareholders on 26 October 2023 to approve
In accordance with the regulatory requirements, we
the resignation of Mr Aswin Wirjadi as Independent
regularly carry out self-assessments of the Bank’s GCG
Commissioner and the appointment of Mr Johanes
implementation. A rating of “2” was accorded for the
Susilo as Independent Commissioner with effect from
self-assessment conducted in 2023, which placed us in
30 January 2024. I continue to serve as the President
the “Good” classification.
Commissioner, along with my fellow Commissioners –
Mr Chin Voon Fat (Frederick Chin), Mr Chan Kok Seong,
Assessment of the performance Mr Wayan Alit Antara, Mr Johanes Susilo and Mr VJH
of the Board of Commissioners Boentaran Lesmana.
Committees
In performing its supervisory duties and providing Acknowledgment
direction and advice to the Bank’s management, the On behalf of the Board of Commissioners, I would
Board of Commissioners is assisted by the Remuneration like to thank our customers for their unwavering
and Nomination Committee, Risk Monitoring support, and working with us to ride through dynamic
Committee, Audit Committee, and Integrated business conditions. I would also like to express my
Corporate Governance Committee. Each committee greatest appreciation to the Board of Directors, the
is chaired by an Independent Commissioner. In 2023, Management and all UOB Indonesia colleagues for
these committees performed their functions well and their contribution and steadfast dedication to apply
provided inputs to the Board of Commissioners to UOB values in the daily operations of the Bank.
ensure the Bank’s sustainable growth.
Finally, to our shareholders, thank you for your trust in
UOB. I look forward to your continued support as we
Implementation of supervisory role
focus on building a sustainable future for all.
In accordance with our supervisory role, the Board
of Commissioners actively provides advice and
recommendations to the Board of Directors through
formal, informal and periodic joint meetings to ensure
that the Bank’s strategic policies and initiatives are
implemented properly.
In 2023, we organised six internal meetings and four Wee Ee Cheong
joint meetings with the Board of Directors. The number President Commissioner
of meetings met the regulatory requirement and is in PT Bank UOB Indonesia
line with the Board of Commissioners’ commitment to
improving the Bank’s performance. April 2024
24 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Board of Directors Report
[GRI 2-22] [OJK-D.1]
“UOB Indonesia remains committed
to supporting the country’s economic
recovery by playing our role as a financial
intermediary, offering progressive and
customised banking products and solutions
to our customers to satisfy their business
and personal needs, as well as advancing
their financial ambitions.”
Dear Shareholders, The banking industry recorded a 10.38 per cent
growth in credit in 2023, attributed to both the
On behalf of the Board of Directors, I am pleased to corporate and retail segments. The rising demand for
issue the Annual Report of PT Bank UOB Indonesia lending across all sectors showed strong resilience of
(UOB Indonesia), along with the Sustainability Report, the Indonesian economy despite various headwinds.
for the financial year ended 31 December 2023. Investment loans and working capital loans grew 12.26
per cent and 10.05 per cent respectively. Asset quality
stayed benign, with nationwide non-performing loans
2023 economic condition
shrinking to 2.19 per cent as of 31 December 2023 from
The post-pandemic economic recovery was bumpy
2.65 per cent a year ago.
due to the ongoing geopolitical tensions around the
world, including the prolonged Russian-Ukrainian war,
The government’s policies and macro prudential
the Israeli-Palestinian conflict and the rivalry between
approach succeeded in driving a strong and sustainable
China and the United States and its allies. These
recovery. As a catalyst for economic growth, we are
have led to disruptions in global energy and supply
committed to supporting our stakeholders to build a
chains and elevated global inflation, while developed
better future together.
countries held on to tight monetary and fiscal policies.
Despite the economic growth in the United States 2023 financial performance
outperforming consensus, the global economy Amid the dynamic and challenging global macro
remained sluggish. Particularly for developed countries environment, UOB Indonesia registered a credible
in Europe and Asia, including China, growth remained financial performance, riding on the strength of the
under pressure. Global financial institutions, such as domestic economy and the Bank’s strong market
the IMF, lowered their projections for global economic position. Our total assets grew 17.5 per cent to IDR162.5
growth in 2023. Amid less favourable global economic trillion while our net loans stood at IDR79.9 trillion, with
conditions, and the price declines of Indonesia’s loan to deposit ratio at 69.9 per cent.
primary commodities in the global market, such as
coal, tin and crude palm oil, the Indonesian economy We continued to strengthen the Bank’s capital position
showed resilience. Gross Domestic Product is projected through a rights issue of IDR1.5 trillion during the year,
at range of 4.9 per cent to 5.1 per cent, supported by the strengthening the Bank’s minimum capital adequacy
continued strong domestic demand and contribution ratio to 18.3 per cent, well above the regulatory
from net exports. Inflation also remained stable at 2.6 requirement.
per cent, down from 5.5 per cent in the previous year.
Annual Report 2023 | PT Bank UOB Indonesia 25
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Operating income decreased from IDR1,136 billion improved solutions for businesses and individuals, and
in 2022 to IDR917 billion in 2023, while net profit leveraging our extensive network to help our customers
fell by 29.0 per cent to IDR675 billion, mainly due to capture the opportunities in the region.
one-off integration costs related to the acquisition
of Citigroup’s consumer business in Indonesia. Net We held the Gateway to ASEAN conference in
interest income grew 4.1 per cent from IDR5.1 trillion in Jakarta in October 2023 for the first time. This second
2022 to IDR5.3 trillion in 2023, due to interest income edition of the regional conference brought together
from loans as result from higher yield in 2023 from Citi business leaders and key decision makers from both
consumer business. the private and public sectors, to explore the growth
and investment potential in ASEAN and areas for
Net interest margin (NIM) in 2023 and 2022 were 3.9 collaboration.
per cent and 4.0 per cent respectively, decreased by
0.1 percentage point. The decrease in NIM was due to In November 2023, we completed the acquisition and
higher cost of fund. integration of Citigroup’s consumer banking business,
expanding our retail customer base.
Asset quality improved alongside the recovery of
the Indonesian economy. Non-performing loan ratio We continually supported the adoption of new digital
decreased from 3.0 per cent in 2022 to 2.6 per cent in banking solutions for businesses to prepare them for
2023, below the industry’s average of 3.0 per cent. the digital future. We are focused on supporting our
clients to build digital-ready businesses and to foster
While we continue to support the implementation of digital transformation. In 2023, we rolled out UOB
the Financial Services Authority lending restructuring Infinity, our digital banking platform for businesses
programme by providing credit relief programme to in Indonesia. Equipped with Financial Supply Chain
debtors until March 2024, we exercise great prudence Management capabilities, it offers a comprehensive
in risk management and monitor our portfolio closely. suite of cash management and trade services to
improve our clients’ cash flow and working capital.
2023 strategic priorities
To navigate the uncertain business environment, the We continue to drive the success of UOB TMRW,
Board of Directors remained agile to implement the the Bank’s main digital channel to engage our retail
Bank’s strategy through a combination of top-down and customers, by expanding our suite of intelligent and
bottom-up approaches. Monthly committee meetings personalised insights to enable them to be in control
were held to monitor the progress of strategic projects, of their money, and enhancing its features to improve
to ensure that the Bank’s goals were achieved. We customers’ digital experience, making banking,
evaluated internal and external factors in the current investing and enjoying rewards simpler and smarter. In
and future environment, including macroeconomic 2023, we re-branded TMRW by UOB to UOB TMRW,
conditions, industry dynamics and the evolving needs to unify with the rest of the region. We also launched
of customers to derive a holistic evaluation which the new Rewards+ functionality, enabling customers
enabled us to make the well-informed decisions to to browse and redeem their rewards from credit card
achieve our strategic goals. transactions.
UOB Indonesia remains committed to supporting The increasing demand for sustainable financing and
the country’s economic recovery by playing our role investments had prompted UOB Indonesia to establish
as a financial intermediary, offering progressive and a Country Sustainability Office, tasked to develop
customised banking products and solutions to our our sustainability portfolio and provide green loans
customers to satisfy their business and personal needs, and other sustainable financing options, including
and advancing their financial ambitions. Our Purpose is U-Solar and U-Energy financing solutions. We are also
to build the future of ASEAN with the long term in mind. committed to achieving net zero by 2050 to support
We strive to develop our business responsibly and the Indonesian government’s sustainability targets.
sustainably, anchored upon our three strategic pillars
of Connectivity, Personalisation and Sustainability.
We have outlined a strategic roadmap to ensure
sustainable growth including developing new and
26 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Board of Directors Report
Upholding Good Corporate In 2023, the Committees under the Board of Directors
performed their duties and responsibilities adequately
Governance by providing guidance, constructive suggestions and
In 2023, we implemented several initiatives to improve
recommendations to support the implementation of
our corporate governance processes and practices,
the Board of Directors’ duties and responsibilities and
including the development of stronger controls for early
encouraging sustainable business growth.
detection and risk management. We also established
dedicated risk control management units for business
By implementing Good Corporate Governance (GCG)
segments that require stricter risk control.
and applicable governance guidelines and standards,
we are confident that we can achieve our long-term
To reinforce a strong risk management culture, the
goals of creating value for all our stakeholders.
Bank conducted a series of training programmes
ranging from fraud awareness, anti-money laundering,
anti-bribery, to IT security. 2024 prospects and strategies
The macroeconomic environment is expected to
The result of our self-assessment conducted on the remain bumpy in the year ahead. Against a backdrop
implementation of good corporate governance was of growth uncertainties and moderating inflation,
a composite score of 2 with a “good” classification, financial market participants are anticipating global
reflecting adequate compliance with governance interest rates to start easing after rising for two years.
principles.
Global growth is expected to moderate amid weaker
These initiatives, along with clear accountability and consumer demand and tighter monetary policies to
effective supervision from the Board of Commissioners, control inflation. China’s economic situation remains
Board of Directors, Committees, Internal Audit Unit and challenging with growth likely to stay soft in 2024. A
Corporate Secretary, had contributed to improvement further escalation of geopolitical tensions in Eastern
in the overall quality of corporate governance practices. Europe and the Middle East may drive up energy
and food prices, as well as shipping costs worldwide,
putting pressure on consumer prices and central banks.
No change in composition of the
Board of Directors Despite these challenges, we continue to be optimistic
There was no change to the composition of the Board about ASEAN’s potential on the back of improved
of Directors in 2023. Members of the UOB Indonesia domestic demand and rebounding exports. Indonesia,
Board of Directors as of 31 December 2023 are as in particular, is predicted to continue its recovery
follows: trajectory fuelled by the continued strength of domestic
• President Director: Hendra Gunawan consumption, high trade balance surplus, and the
• Director: Teh Han Yi realisation of various downstream investment plans.
• Director: Harapman Kasan The elections have also sparked positive sentiments,
• Director: Sonny Samuel leading to higher economic growth projections for
• Director: Choi Yau Chi (Henry Choi) 2024 by global financial institutions such as the
• Director: Henry Santoso International Monetary Fund (IMF), Asian Development
• Director: Paul Rafiuly Bank (ADB) and World Bank. The government, along
• Compliance Director: Ardhi Wibowo with Bank Indonesia, has predicted a growth of 5.2 per
cent, with controlled inflation rate of around 2.8 per
Performance of Committees under cent.
the Board of Directors Bank Indonesia has stated that it will continue
In performing their duties, UOB Indonesia’s Board of
to implement prudential and accommodative
Directors was assisted by several committees, including
macro policies to maintain growth momentum. The
the Executive Committee, Risk Management Committee
government’s commitment to expand credit distribution
(including Anti Money Laundering Committee and
for Micro, Small and Medium Enterprise (MSMEs),
Business Continuity Management Committee),
Credit Committee, Asset and Liabilities Committee,
Information Technology Committee, Human Resources
Committee, Credit Policy Committee, and Integrated
Risk Management Committee.
Annual Report 2023 | PT Bank UOB Indonesia 27
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Chapter .02
Management Reports
Board of Directors Report
People’s Business Credit and green financing, are Our support towards achieving
expected to bring credit growth to the range of 10.0
to 12.0 per cent in 2024. Meanwhile, with the well-
sustainability goals
We are committed to contributing to the long-term
controlled inflation rate, the strength of Rupiah is
economic, social, and environmental prosperity of the
expected to remain stable. Bank Indonesia also has
country. Asia has been identified as one of the world’s
capacity to maintain the reference interest rate at the
most vulnerable regions to global warming and we will
current 6.00 per cent level.
play our part in supporting climate change mitigation
and adaptation efforts.
Responding to the more optimistic outlook, UOB
Indonesia will embark on a more aggressive growth
Our Country Sustainability Office will focus on
strategy, while maintaining the strength of our balance
fostering a sustainability culture and coordinate the
sheet and sound business model. We will also continue
sustainability programmes to grow the sustainability
to innovate and provide tailored financial products
portfolio.
and services catered to different customer preferences
and needs.
Built upon our values of Honourable, United, Committed
and Enterprising, our sustainability culture will be
The completion of the acquisition of Citigroup’s
focused on four pillars, namely promoting sustainable
consumer banking business in Indonesia has not only
development, prioritising customers, developing
expanded our customer base, but also added depth
principled professional individuals; and carrying out
and breadth to our product mix, solution offerings and
corporate responsibility.
ecosystem of partners. UOB is well-placed to serve the
needs of aspirational Indonesians, domestically as
From the economic aspect, we continue to increase our
well as regionally. We will intensify the enhancement of
sustainability portfolio by increasing the distribution
UOB TMRW platform, to acquire and serve customers
of Sustainable Business Activity Category financing,
digitally.
particularly to the MSME segment which contributes
up to 60 per cent of Indonesia’s total Gross Domestic
The Bank is committed to increasing profitability
Product.
by expanding its presence in the Retail sector, while
also diligently maintaining post-acquisition portfolio
On sustainability, we are committed to achieve net zero
synergies to foster sustainable growth.
by 2050. We will intensify the offering of sustainable
financing. As at the end of 2023, we have extended
The Bank also aims to strengthen funding and support
IDR 14.7 trillion in sustainable financing. We have also
customers in business development through credit
significantly reduced our use of paper and electricity
distribution, financial solutions and services in trade,
since the environmentally friendly banking campaign
cash management, and treasury and investment
was launched and have successfully implementing a
products. The Bank is aligned with its strategic vision,
100 per cent waste recycling programme at the UOB
continuing to invest in technology and human resources
Indonesia Head Office in collaboration with third party.
to bolster capabilities and ensure sustainable business
growth in the future.
On the social front, we implemented various community
empowerment programmes, such as financial literacy
across educational institutions. As part of the Bank
Indonesia Working Group “Pokja BI”, we conducted a
series of financial literacy programmes to high school
and college students and low-wage workers, to
improve their understanding of financial management
and increase their access to financial products.
28 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Board of Directors Report
Giving back to the communities Appreciation
We believe in empowering the communities where the On behalf of the Board of Directors, I would like to
Bank operates. Therefore, we always strive to support express my gratitude and appreciation to the Board
social development, opening minds and hearts through of Commissioners for their advice and direction
social causes related to children, education, and arts. throughout 2023. We also thank our shareholders,
customers and business partners for their support and
Our annual flagship UOB Painting of the Year (POY) trust in the Bank.
competition continues to discover and nurture artists
across the country, providing an avenue for them to I would also like to express my appreciation to all UOB
share their passion and creativity through art. We also Indonesia employees for their hard work throughout
held a series of exhibitions last year to promote the 2023. With their support, I hope to maintain our
winners of the UOB POY Indonesia, and collaborated momentum and enthusiasm in the coming year and
with Art Jakarta to provide visual arts education, jointly drive UOB Indonesia for sustainable growth.
promote digital literacy and environmental awareness
through initiatives such as “Play by UOB” art space for
children.
We held our UOB Heartbeat Run/Walk, with more than
2,000 colleagues taking part. Collectively, we raised
more than IDR250 million in donations to foundations Hendra Gunawan
supporting special needs schools and hearing- President Director
impaired children. PT Bank UOB Indonesia
April 2024
Annual Report 2023 | PT Bank UOB Indonesia 29
Page 32
Chapter .02
Management Reports
Board of Directors of UOB Indonesia
Left to right: Paul Rafiuly, Harapman Kasan, Ardhi Wibowo, Hendra Gunawan
30 Annual Report 2023 | PT Bank UOB Indonesia
Page 33
Building the Future of ASEAN
Left to right: Henry Santoso, Teh Han Yi, Choi Yau Chi (Henry Choi), Sonny Samuel
Annual Report 2023 | PT Bank UOB Indonesia 31
Page 34
Chapter .03
Company Profile
Chapter .03
Company
Profile
34 Corporate Identity
36 Founder of UOB Indonesia
37 UOB Indonesia in Brief
37 History of UOB Indonesia's
Name
38 Milestones
40 Vision, Mission, Sustainability
Objective & Values
42 Business Activities
46 Organisational Structure
48 Profile of the Board of
Commissioners
51 Profile of the Board of Directors
56 United Overseas Bank Limited
as a Controlling Shareholder
58 Five-Year Financial Summary of
United Overseas Bank Limited
59 Structure and Composition of
Shareholders
60 Significant Changes
61 Company’s Group Structure
61 Subsidiaries and Affiliates
62 Share Listing Chronology
62 Bond Listing Chronology
63 Supporting Institutions and/or
Professions
63 Information on the Company
Website
64 Awards and Certifications
66 Operational Area and Market
Served
66 Office Networks Jakarta, Indonesia
32 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN Annual Report 2023 | PT Bank UOB Indonesia 33
Page 36
Chapter .03
Company Profile
Corporate Identity
[GRI 2-1] [GRI 2-28] [C.2] [C.3] [C.5]
Company Name Business Scale
PT Bank UOB Indonesia
Number of Offices
Commercial Name 1 Head Office
UOB Indonesia (UOBI) 4 Regional Offices
42 Branch Offices
89 Sub-Branch Offices
Line of Business
Banking Industry
ATM Network
Entity Status 142 ATMs
Limited Liability Company
Date of Establishment
24 October 1956 Operational Area
44 cities in 16 provinces in Indonesia
Date of Operations
1 November 1956
Legal Basis of Establishment
Head Office Address
• Deed of Company Establishment No. 150 drawn
UOB Plaza Jl. M.H.Thamrin No. 10
up by Eliza Pondaag S.H., Notary in Jakarta,
DKI Jakarta 10230, Indonesia
dated 31 August 1956
• Decree of Minister of Justice of the Republic of
Indonesia (currently Minister of Law and Human Telephone Number
Rights) No. J.A.5/78/4 dated 24 October 1956 +62 21 2350 6000 (hunting)
• State Gazette No. 96 dated 30 November 1956
Facsimile Number
• Supplement to State Gazette No. 1234/1956
+62 21 2993 6632
Share Ownership Call Centre
• UOB International Investment Private Limited, 14008
Singapore (68.943%)
• United Overseas Bank Limited, Singapore Email
(30.056%) uobcare@uob.co.id
• Yayasan Kesejahteraan Nusantara (1.000%)
Website
• Others (0.001%)
www.uob.co.id
Authorized Capital Social Media
IDR9,000,000,000,000, comprising of 36,000,000,000 Facebook:
shares with nominal value of IDR250 per share UOB Indonesia, TMRW Indonesia
Instagram:
Issued and Fully Paid Capital uob.id, uobcards.id,
12,227,591,633 shares or equivalent to TMRWIndonesia
IDR3,056,897,908,250 YouTube:
UOB Indonesia, TMRW Indonesia
34 Annual Report 2023 | PT Bank UOB Indonesia
Page 37
Building the Future of ASEAN
Corporate Identity
[GRI 2-1] [GRI 2-28] [C.2] [C.3] [C.5]
Operating Income in 2023
IDR917 billion
Net Interest Income in 2023
IDR5,357 billion
Total Assets in 2023
IDR162,546 billion
Total Liabilities in 2023
IDR144,945 billion
Total Equity in 2023
IDR17,601 billion
Number of Products and
Services Provided
• 5 (five) main products, comprising
Lending Products, Funding
Products, Investment Products,
Bancassurance Products, and
Treasury Products
• 23 (twenty three) types of banking
services
Number of Employees
as of 31 December 2023
4,252 employees
Association Membership
• Association of National Banks
(PERBANAS)
• Indonesian Association of
International Banks (PERBINA)
• Indonesian Payment System
Association (ASPI)
• Banking Compliance Director
Communication Forum
(FKDKP)
• Indonesian Credit Card
Association (AKKI)
Annual Report 2023 | PT Bank UOB Indonesia 35
Page 38
Chapter .03
Company Profile
Remembering Dr Wee Cho Yaw,
Founder of UOB Indonesia
In recognition of the tremendous efforts
that Dr Wee Cho Yaw made in growing
UOB Indonesia to be a responsible and
trusted member of the Indonesian banking
community, the Bank had proudly conferred
upon Dr Wee the title of Founder of UOB
Indonesia in perpetuity upon his retirement
in 2019.
Dr Wee Cho Yaw
Founder of UOB Indonesia Dr Wee Cho Yaw, founder of UOB Indonesia and its
President Commissioner from 2005 until his retirement in
2019, passed away on 3 February 2024 at the age of 95.
Under his leadership as President Commissioner,
Dr Wee was instrumental in steering UOB Indonesia’s
solid performance. His active support drove the Bank’s
transformation and strategic investments in people and
capabilities for the benefit of the Bank’s customers and
stakeholders.
In recognition of the tremendous efforts that Dr Wee made
in growing UOB Indonesia to be a responsible and trusted
member of the Indonesian banking community, the Bank
had proudly conferred on Dr Wee the title of Founder of
UOB Indonesia in perpetuity upon his retirement in 2019.
Dr Wee was Chairman Emeritus and Honorary Adviser of
the UOB Group. Dr Wee has received many accolades for
his business achievements and his support of education,
community welfare, and the business community. Among
the awards conferred on him are the Distinguished Service
Order, one of the Singapore’s highest National Day
Awards, ASEAN Business Advisory Council Legacy Award
for Singapore and Honorary Degrees of Doctor Letters
from the National University of Singapore and Nanyang
Technological University.
UOB Indonesia is deeply grateful to Dr Wee for his wise
counsel, leadership and guidance throughout his term as
President Commissioner.
36 Annual Report 2023 | PT Bank UOB Indonesia
Page 39
Building the Future of ASEAN
UOB Indonesia in Brief
History of UOB 1956 PT Bank Buana Indonesia
Indonesia’s Name
2007 PT Bank UOB Buana Tbk
2011 PT Bank UOB Indonesia
UOB Indonesia was founded on 31 August UOB Indonesia is rated AAA(idn) by the Fitch Ratings
Indonesia, an independent rating agency. UOB
1956 under the name PT Bank Buana
Indonesia also won the Platinum Award for Exceptional
Indonesia. In May 2011, the Bank changed Financial Performance from Infobank Magazine for 10
its name to PT Bank UOB Indonesia. consecutive years.
UOB Indonesia is well known for its focus on small and
UOB Indonesia’s service network consisted medium enterprises, and strong retail customer base.
of 42 branch offices, 89 sub-branch The Bank has built a consumer as well as corporate
banking business which offer treasury and cash
offices, and 142 ATMs across 44 cities in
management products and services.
16 provinces in Indonesia. UOB Indonesia’s
banking services are accessible through its With its extensive network of services, information
technology systems, sound capital structure and
regional ATM network, the ATM Prima and
highly qualified staff, UOB Indonesia aims to create
Bersama networks and the Visa network. sustainable long-term value for its stakeholders.
UOB Indonesia’s focus remains on transforming UOB
Indonesia into a significant bank through disciplined
growth and stability.
Company Logo
UOB’s logo comprises the iconic red five-bar logo mark
and the abbreviated name “UOB” in a modern and
simple logo type. Derived from the traditional Chinese
‘five-bar gate’ system of counting in fives, the logo
mark symbolises security and unity. The simplicity of
the logo type reflects the Bank’s focus and clarity.
Annual Report 2023 | PT Bank UOB Indonesia 37
Page 40
Chapter .03
Company Profile
Milestones
1950s - 1990s 2000s 2010s – 2020s
2003
The entry of International
Finance Corporation (IFC) as
the first overseas shareholder
through the Right Issue II.
1956 2004 2010
Established under the name
• UOB International The former PT Bank UOB
PT Bank Buana Indonesia, Indonesia merged with
Investment Private Limited
the Bank commenced its PT Bank UOB Buana Tbk.
(UOBII) became the second
commercial operations.
largest shareholder after
PT Sari Desa Karsa. 2011
1972 • Issuance of Subordinated Changed its name to
Acquisition of PT Bank PT Bank UOB Indonesia.
Bonds I.
Pembinaan Nasional,
Bandung. 2012
2005
• IFC divested its entire The Bank, together with the
1974 shareholding in the Bank. UOB Group, introduced a
Acquisition of PT Bank new regional-wide uniform
• UOBII became the majority
Kesejahteraan Masyarakat, for front-liners conveying an
shareholder with 61.11 per
Semarang. impression of professionalism,
cent shareholding.
confidence, and outlook for
1975 2007
the UOB Group.
Acquisition of PT Bank Aman
• Changed its name from
Makmur, Jakarta. 2013
PT Bank Buana Indonesia
Implementation of Core
Tbk to PT Bank UOB Buana
1976 Tbk.
Banking Standardisation
Obtained a license as a project, covering
• United Overseas Bank infrastructure systems
Foreign Exchange Bank.
Limited (UOB), through development to improve
UOBII, became the majority services.
1998 shareholder of the Bank.
Ranked as an “A” category
bank by Bank Indonesia. 2016
2008 • Issuance of Shelf
• The Extraordinary General Registration Senior Bonds
Meeting of Shareholders I and Subordinated Bonds
2000s approved the change of I Bank UOB Indonesia
status to a privately-held Phase I Year 2016.
entity. • Launch of Business
• The UOB share ownership Internet Banking (BIB) and
rose to 98.997 per cent Personal Internet Banking
following a tender offer for (PIB) service platforms was
the publicly-held shares. launched to improve the
• Delisting of the Bank’s Bank’s competitiveness
shares from the Indonesia and customer service
2000 Stock Exchange. quality.
Initial Public Offering and
share listing at the Jakarta 2009
Stock Exchange and the Call option for the debt
Surabaya Stock Exchange. principal of Subordinated
Bonds I.
38 Annual Report 2023 | PT Bank UOB Indonesia
Page 41
Building the Future of ASEAN
Milestones
2010s – 2020s 2010s – 2020s 2010s – 2020s
2020 • UOB Indonesia has transform digitally. In
• Launch of TMRW, the first partnered PT Prudential Indonesia kick-started its
digital bank for ASEAN’s Life Assurance (Prudential inaugural digitalisation
digital generation. Indonesia) to launch programme entitled UKM
• Right Issue of PRUTect Care, a Sharia- SUKSES (Sistem Usaha
1,632,759,084 shares with compliant life insurance Kreatif dan Solusi Ekonomi
nominal value of IDR250 product, on TMRW Sejahtera).
per share offered at platform. • UOB Indonesia launches
IDR1,225 per share. • UOB Indonesia held UOB new financial supply chain
Economic Outlook 2023 management capabilities
2021 with the theme “Emerging in UOB Infinity to enable
Held Economic Outlook Stronger in Unity and clients digitalise their
2022 attended virtually by Sustainably”. Mr Joko supply chain financing.
President of the Republic of Widodo, President of the FSCM capabilities will
Indonesia. Republic of Indonesia, enable clients to connect
opened the event with buyers, suppliers, and
2022 special remarks. Followed distributors within their
• The signing of an Asset by Ms Sri Mulyani, Minister supply chain ecosystem in
and Liability Transfer of Finance of the Republic Indonesia, across ASEAN
Agreement with Citibank, of Indonesia, delivered a and Greater China.
N.A, the Indonesia branch. keynote speech. • UOB Indonesia held the
• Launch of TMRW Pay, an • UOB announced its first UOB Gateway to
e-commerce loan that commitments to reach ASEAN Conference 2023,
enables consumers to net zero by 2050. This the first event outside
manage their budgeting underlines its goal to Singapore. The event
needs conveniently. support a just transition gathered business leaders,
• Launch of U-Energy, Asia’s that advances sustainable clients, and partners from
first integrated financing socioeconomic Indonesia, ASEAN and
platform to drive energy development in tandem Greater China, along with
efficiency. with decarbonisation in government officials.
• UOB has partnered Southeast Asia. • UOB completes
with PT Chandra Asri acquisition and
Petrochemical, Tbk 2023 integration of Citigroup’s
(Chandra Asri) to launch • Launch of UOB Infinity, consumer banking
the bank’s first-ever a digital platform which business in Indonesia.
Sustainability-Linked allows businesses to Entire acquisition
Trade financing facility in manage their banking successfully completed in
Indonesia. needs in a simpler, smarter all four ASEAN markets
• UOB Indonesia announced and more personalised – Indonesia, Malaysia,
its collaboration with manner. Thailand, and Vietnam.
PT Sompo Insurance • UOB Indonesia, Visa, and • Right Issue of
Indonesia (Sompo Volopay launch corporate 1,040,946,745 shares with
Insurance) to offer SME credit card solution to help nominal value of IDR250
Digital Insurance, a businesses with efficient per share offered at
comprehensive insurance expense management. IDR1,441 per share.
protection for Indonesia’s • Launch of UOB FinLab,
small- and medium-sized UOB’s flagship innovation
enterprises (SMEs). accelerator to help local
businesses grow and
Annual Report 2023 | PT Bank UOB Indonesia 39
Page 42
Chapter .03
Company Profile
Vision, Mission, Sustainability Objective & Values
[GRI 2-23] [C.1]
UOB Indonesia has set its vision, mission, sustainability objectives & values as follows:
Vision To be a significant bank in Indonesia,
a key part of the UOB Group, valued
by our customers, colleagues,
shareholders, and regulators and
admired by the public, as a trusted
long-term banking institution.
Mission To create sustainable economic value
for all our stakeholders through a team
of loyal, dedicated and professional
bankers, committed to meeting and
exceeding the needs and expectations
of our stakeholders; with the highest
quality products and services for our
desired customer segments in retail
and wholesale banking, and superior
financial and prudential outcomes
for our colleagues, shareholders, and
regulators.
We believe that as a part of Indonesia’s
Sustainability financial services industry, we have a
Objective duty to contribute to and to ensure the
nation’s long-term economic, social
and environmental well-being. We
also recognise that good corporate
governance is essential for embedding
sustainable business practices across
the Bank.
40 Annual Report 2023 | PT Bank UOB Indonesia
Page 43
Building the Future of ASEAN
Vision, Mission, Sustainability Objective & Values
[GRI 2-23] [C.1]
Our Values
Honourable Enterprising United Committed
We act prudently to We were built with We work as a team We are committed
fuel our customer’s an enterprising to achieve individual to build a better
success, maintaining spirit, demonstrated and corporate goals tomorrow. We are
the highest through thought with cooperation, accountable for
professional and leadership, keen mutual respect and ensuring that UOB is
moral standards. insight and a loyalty. a trusted source of
We do what is right forward-looking stability, security and
for you through mindset. strength.
discipline, clarity, and
courage.
Annual Report 2023 | PT Bank UOB Indonesia 41
Page 44
Chapter .03
Company Profile
Business Activities
[GRI 2-6] [C.4]
Business Activities According to the n. carry out capital investment activities in banks or
other companies in the field of finance, such as
Articles of Association capital lease, venture capital, securities company,
Pursuant to Article 3 of the Bank’s Articles of
insurance, clearing and underwriting institutions,
Association, the Bank’s purpose and objectives are to
as well as depository and settlement agencies,
conduct business activities in the following fields:
in accordance with the prevailing laws and
regulations and in compliance with the provisions
a. collect funds from the public in the form of deposit
stipulated by the Bank Indonesia and Financial
such as current account, time deposit, certificate
Services Authority;
of deposit, savings, and/or other equivalent forms;
o. carry out temporary capital investment activities
b. provide credit;
to overcome the consequence of credit failure,
c. issue a Debt Acknowledgement Letter;
including the financing failure under the Sharia
d. buy, sell or warrant at their own risk or for the
Principles provided that such participation must
benefit of and on the orders of the customers for
be withdrawn in due time, in accordance with the
the following items:
prevailing laws and regulations and in compliance
1. bills of exchange, including money orders
with the provision stipulated by the Bank Indonesia
accepted by bank whose validity period is not
and Financial Services Authority;
longer than the general practice in trading of
p. act as the founder of the Pension Fund and the
the bills of exchange;
Pension Fund Manager in accordance with the
2. debt acknowledgment letters and other
prevailing laws and regulations;
trading papers whose validity period is not
q. carry out other businesses that are generally
longer than the general practice in trading of
performed by a Commercial Bank, both
the debt acknowledgment;
conventionally and based on Sharia Principles
3. State treasury papers and Government letter
within or outside the country.
of guarantee;
4. Bank Indonesia Certificates (SBI);
5. bonds;
6. Trade Certificates; and Actual Business Activities
7. other securities instruments. As of 31 December 2023, UOB Indonesia conducted
e. transfer money for their own interest and for the the business activities as mentioned above.
benefit of customers;
f. placing funds in, borrowing funds from, or lending Globally, UOB has 3 (three) core business segments
funds to other banks, either by using letters, comprising of retail, wholesale banking, and global
telecommunication facilities or by money orders, markets. In Indonesia, UOB Indonesia’s banking
checks or other means; activities are segmented into commercial banking,
g. receive payments from bills on securities and carry corporate banking, personal financial services,
out calculations with or between third parties; business banking, and financial institution.
h. provide a place to store valuables and securities;
i. carry out custody activities for the benefit of other
parties based on a contract;
j. carry out placement of funds from customers to
other customers in the form of securities that are
not listed on the stock exchange;
k. provide financing and/or carry out other activities
based on sharia principles, in accordance with
the provisions stipulated by Bank Indonesia, the
Financial Services Authority, and the National
Sharia Council;
l. carry out factoring activities, credit card business
and Trustee activities;
m. carry out activities in Foreign Exchange, in
compliance with the provisions stipulated by Bank
Indonesia and Financial Services Authority;
42 Annual Report 2023 | PT Bank UOB Indonesia
Page 45
Building the Future of ASEAN
Business Activities
[GRI 2-6] [C.4]
Products and Services
Following tables contain a wide variety of the Bank’s products and services:
1. Investment and Bancassurance • Optima
Products • PRULife Harvest Plan
• PRULife Guard
a. Investment Products
• PRUcorporate Personal
• Mutual Fund Selling Agent • Accident
• Secondary Government Bonds • Manulife Group Life Health
• UOBI Maxi Yield • Manulife DPLK (Dana Pensiun Lembaga
• Retail Online Government Keuangan)
• Bonds (E-SBN)
• Corporate Bonds
2. Lending Products
b. Bancassurance Products a. Lending Products
UOB Indonesia teams up with insurance
companies to provide financial solution for • Business Property Loan
customers by offering life and health insurance • Business Solution Loan
products with single or periodic premium • Business Express Loan
payments.
• Current Account Loan (Rupiah and FX)
• Builder Assurance Account (BAA)
• Revolving Credit Facility
• Builder Assurance Account Max (BAA Max)
• Fixed Loan
• Builder Investor Account (BIA)
• Fixed Asset Investment Loan
• Builder Investor Account Max (BIA Max)
• Business Vehicle Financing
• PRUCinta
• Construction Investment Loan
• Smart Level Term
• Heavy Equipment Financing
• PRU Life Extra Return
• Property Business Financing
• Extra Care Plus
• Installment Loan (Rupiah and FX)
• Builder Critical Protection
• Micro Business Loan
• Hospital Cash Plan
• Import-Export Credit
• Pru Accident Cover
• Corporate Credit Card, such as Corporate
• PRUWealth Extra Card, Purchasing/D-Card and Business
• PRUWealth Extra Neo • Letter of Credit (LC)
• Usave PRUStar • Shipping Guarantee
• Lady’s Account Critical Cover (integrated • Bank Guarantee – Standby Letter of Credit
with Tabungan UOB Lady’s Account)
• Import Invoice Financing
• PRULevel Term
• Export Invoice Financing
• PRUcorporate Life
• Trust Receipt
• PRUcorporate Medical
• Pre Shipment Financing
• Credit Protection
• Early Payment Discount
• Credit Protection Max
• Credit Bills Purchased
• PRU Accident Guard Plus
• Bill of Exchange Purchase
• PRUHospital Advantage
• Distributor/Dealer Financing
• PRUHospital Protection
Annual Report 2023 | PT Bank UOB Indonesia 43
Page 46
Chapter .03
Company Profile
Business Activities
[GRI 2-6] [C.4]
• Supplier Financing
3. Funding Products
• Account Receivable Purchase
• Contract Financing
a. Saving Account
• Secured Back to Back
• Home Loan • Privilege Account
• Equity Loan • One Account
• Stash Account
• Lady’s Account
b. Cards and Payments Products • UOB Gold Saving Account
• Privimiles Credit Card (Visa) • Rekening Valas Produktif
• Preferred Platinum Credit Card • U-Save
(MasterCard & Visa) • U-Plan
• YOLO Credit Card (Visa) • Tabungan Biz88
• UOB Debit Card Visa Regular • U-BIZ88
• UOB Debit Card Visa Privilege Banking • Tabunganku
• Lady’s Credit Card (MasterCard) • Simpanan Pelajar
• ONE Credit Card (Visa) • TMRW Everyday Account
• TMRW Credit Card (MasterCard) • TMRW Savings Account
• UOB Debit Card GPN • Tabungan Non Interest
• TMRW Debit Card GPN
• Personal Loan
b. Current Account
• Giro Rupiah
• Giro Valas
• Giro 88
• U-Biz88
• Giro Threshold
• Giro Non Interest
c. Deposit
• Deposito Rupiah
• Deposito Valas
• TMRW Power Saver
44 Annual Report 2023 | PT Bank UOB Indonesia
Page 47
Building the Future of ASEAN
Business Activities
[GRI 2-6] [C.4]
4. Treasury Products 5. Services
• UOB Lady’s Account
a. Foreign Exchange (FX) Products:
• Simpanan Pelajar
Value Today, Value Tomorrow and Value Spot, • Safe Deposit Box
Forward, Swap, Par Forward, Domestic Non-
• Wesel and Inkaso Facility (FX)
Deliverable Forward (DNDF)
• Bills Collection Facility (FX)
• Bank Draft (FX)
b. Derivative Products: • Inward and Outward Transfer (Rupiah and
Foreign Currency)
Interest Rate Swap (IRS), Cross Currency Swap
(CCS), Plain Vanilla FX Options, Interest Rate • Inward and Outward Collection
Caps and Floors • Transfer LC
• Documentary Collections
c. Money Market (MM) Products: • Clearing
• UOB Bill Pay: PLN, Telkom, Telkomsel, Indosat,
Placement, Borrowing XL and Indovision
• Bills Payment Autodebit
d. Structured Product: • 24 Hours Call Centre (14008)
• Cash Pick-up and delivery
Premium Forward Deposit (PFD), UOB MaxiYield,
and Call Spread Option (CSO) • Liquidity Management Solution (Domestic &
Global LMS)
• UOB Virtual Account
e. Securities instruments: • Tax Payment/State Acceptance
Indonesian Government Bonds/Retail Bonds • Domestic payment (SKN/LLG, RTGS, transfer
(Primary Market and Secondary Market online/RTOL, BI-FAST)
Transactions), Indonesian Corporate Bonds, • Remittance (Telegraphic Transfer)
Repo and Reverse Repo
• Business E-Channels:
-- UOB Infinity (new business internet
banking web including Trade and FSCM
and mobile platform)
-- H2H File Transfer (FTS/RFTS)
-- Application Programming Interface (API)
Annual Report 2023 | PT Bank UOB Indonesia 45
Page 48
Chapter .03
Company Profile
Organisational Structure
As of 31 December 2023
BOARD OF DIRECTORS
• Executive Committee
Audit Committee
• Risk Management Committee:
- Anti Money Laundering Committee
- Business Continuity Management Risk Monitoring
Committee Committee
• Credit Committee
• Asset & Liability Committee
Remuneration &
• Information Technology Committee Nomination
• Human Resources Committee Committee
• Credit Policy Committee
• Integrated Risk Management Integrated Corporate President Director
Governance
Committee Hendra Gunawan
Committee
Strategic Business
Development, Retail & Wholesale Banking Global Markets Technology &
Channels Transformation Director Director Operations Director
Director Harapman Kasan Sonny Samuel Paul Rafiuly
Choi Yau Chi
Liabilities, Branch & Rates&GovSec, WB, Markets and
Consumer Banking Corporate Banking
Operation Transformation STRIM,Credit& SCRT Enterprise T&O
Cristina Teh Tan Edwin Kadir Indra Gunawan
Anne Budihardja Anton
Unsecured & Digital Financial Institution Portfolio & Liquidity Retail-Banking
Sales & Distribution Group & Structured Finance and Channel T&O
Transformation Management
Neneng D Monique Sagita
Tan Fransiska H Jenny Lesmana Suhendar
Demand Deposit & Wealth Foreign Exchange Shared Infrastructure
Commercial Banking
Management Management Trading Services
Fenny N Wiratama Yusar
Wiradian Vera Margaret Welly Soewandono
Customer Experience Wealth Advisory, Business Corporate Banking Business Technology
Business Banking
& Advocacy Performance & Training Treasury Sales Services
Dewi Tuegeh
Amelia Ragamulu Emillya Soesanto Yan Gondokusumo Jieni
FI Treasury Sales T&O Risk
Secured Product & Sales Transaction Banking
Mochamad Iqbal Governance and Assurance
Inge Kartikasari W W Kartyono
Nugraha Handi Mulia
Wholesale Banking Global Markets T&O Special Project &
Cards & Payment
Business Management Structuring Procurement
Y. Herman Soesetyo Roberto Sutedja
Ferdy Djojo Steive Yoshika Putra
GM Commercial &
Digital Bank Dedicated FDI Unit Information Security
Retail Banking Sales
Fajar S Samuel Houten Farina Mutia
Vera Hasan
Dedicated FDI Unit Global Markets Special Project
PFS Marketing
(China Desk) Business Management Management
Glenn Natamihardja Susan K
Kelvin Gerry Hasang
PFS Business Risk
Francisca S.W.M
Business Analytics
Sekar S
Business Risk & Control
Management
Jessy Catharina S
Channels Risk &
Assurance
Elly Sandora
Note: Committees under BOC and BOD can be found in Good Corporate Governance section of this Annual Report on page No. 151-185.
46 Annual Report 2023 | PT Bank UOB Indonesia
Page 49
Building the Future of ASEAN
Organisational Structure
GENERAL MEETING OF SHAREHOLDERS
BOARD OF COMMISSIONERS
Finance & Corporate Compliance, Legal & Risk Management
Services Director Corp. Secretary Director Director
Teh Han Yi Ardhi Wibowo Henry Santoso
Finance Legal Risk Management
Regional
Fonita Tatang Irvan Gunardwi Jemy Kristian S
1. Regional 1 : Ritaria T
2. Regional 2 : Suryati B
Performance Mgt, Compliance 3. Regional 3 : Grace
Retail Credit
Wholesale & GM BF Advisory and Monitoring 4. Regional 4 : Mei Sumiati
Rudy
Ajeng Naya Anindita Thomas Bangun
Consumer & Channels Compliance Assurance Commercial and
Channels & Digitalisation
Business Finance Imanuel Setio Wibowo FI Credit 1
Edisono Limin
Nuco Yotoho Priyono Siswo S
Central Treasury Unit Consumer Compliance Commercial and
Human Resources
Stanly Gunawan Imeida Triyanti P FI Credit 2
Gevy Q Wulandari
Radjamin FX Yanto
Corporate Real Strategic
AML/CFT and Sanctions Corporate Credit
Estate Services Communications & Brand
Febian Satria Nugraha Ratnasari K
Stella Damayanti Maya Saraswati M
AML/CFT Advisor Business Banking Credit CEO Office
Laurentius Eko Purwatmoko Soelaiman R.P Andreas Eduardo L
Compliance Strategy and
Strategic Stakeholders
Governance
Development
Josephine Kathrine Prisila
Bontor S
Pasaribu
Legal Wholesale
Sustainability
Banking Support
Jenny H
Erawati Esther
Special Asset
Litigation
Management
Rio Yudha Ardian Jenny Lukito
Corporate Secretary Internal Audit
Susilowati Imbang P.S
Integrated Fraud
Management
Henry Kusumajaya Budiman
Annual Report 2023 | PT Bank UOB Indonesia 47
Page 50
Chapter .03
Company Profile
Profile of the Board of Commissioners
Legal Basis of Appointment
• Annual General Meeting of Shareholder (AGM) Resolutions dated 22 June 2007 as
Commissioner
• Extraordinary General Meeting of Shareholders (EGM) Resolutions dated 18 January
2011 as Deputy President Commissioner
• AGM Resolutions dated 29 April 2019 as President Commissioner
• Recent reappointment based on the AGM Resolutions dated 3 May 2023
Work Experience
Joined United Overseas Bank Limited (UOBS) in 1979 and has been a Director of UOBS
since 1990
WEE EE CHEONG
President Commissioner Educational Background
Bachelor of Science (Business Administration) and a Master of Arts (Applied Economics)
Age 71 years old from American University, Washington, DC, USA
Citizenship Singaporean
Domicile Singapore Concurrent Positions
• Deputy Chairman and Chief Executive Officer at UOBS
• Chairman at United Overseas Insurance
• Chairman at United Overseas Bank (China)
• Chairman at United Overseas Bank (Thai)
• Director at United Overseas Bank (Malaysia)
• Council member of the Association of Banks in Singapore
• Council member of the Institute of Banking & Finance
• Member of the Board of Governors of the Singapore-China Foundation
• Honorary Council Member of the Singapore Chinese Chamber of Commerce & Industry
Affiliated Relationship
He has no affiliation with fellow members of the Board of Commissioners nor with the
Board of Directors. However, he has an affiliation with the Controlling Shareholders
Legal Basis of Appointment
• AGM Resolutions dated 29 April 2019 as Commissioner and Deputy President
Commissioner
• Recent reappointment based on the AGM Resolutions dated 3 May 2023
Work Experience
• Country Executive for Greater China, Thailand, Indonesia and Malaysia
• Executive Asia Pacific Committee Bank of America Merrill Lynch (2010-2013)
• Bank of America Merrill Lynch (1984-2013)
Educational Background
Bachelor Degree in Commerce (Accounting and Econometrics) from University of
CHIN VOON FAT Melbourne, Australia
(FREDERICK CHIN)
Deputy President Concurrent Positions
Head of Group Wholesale Banking and Markets at UOBS
Commissioner
Age 63 years old Affiliated Relationship
Citizenship Singaporean He has no affiliation with fellow members of the Board of Commissioners nor with the
Domicile Singapore Board of Directors. However, he has an affiliation with the Controlling Shareholders
48 Annual Report 2023 | PT Bank UOB Indonesia
Page 51
Building the Future of ASEAN
Profile of the Board of Commissioners
Legal Basis of Appointment
• AGM Resolutions dated 29 April 2019
• Recent reappointment based on the AGM Resolutions dated 3 May 2023
Work Experience
• UOB Malaysia (1998-2012) with his last position as Chief Executive Officer
• Head of Risk Management at Arab-Malaysian Merchant Bank (1995-1998)
• Assistant Manager at Central Bank of Malaysia (1986-1995)
Educational Background
Bachelor Degree in Accounting from University of Malaya, Malaysia
CHAN KOK SEONG
Concurrent Positions Commissioner
Group Chief Risk Officer at UOBS
Age 61 years old
Affiliated Relationship Citizenship Singaporean
He has no affiliation with fellow members of the Board of Commissioners nor with the Domicile Singapore
Board of Directors. However, he has an affiliation with the Controlling Shareholders
Legal Basis of Appointment
• AGM Resolutions dated 20 June 2008
• Recent reappointment based on the AGM Resolutions dated 3 May 2023
Work Experience
• Commissioner at PT Sumber Abadi Tirtasentosa (2008-2015)
• Independent Commissioner at PT Bhakti Securities (2007-2008)
• Deputy President Director at PT Bank Rakyat Indonesia (Persero) Tbk (1976-2006)
Educational Background
Bachelor Degree in Agricultural Economics from the Faculty of Agriculture at Gadjah Mada
University, Yogyakarta
Concurrent Positions WAYAN ALIT ANTARA
Chairman of Integrated Corporate Governance Committee UOB Indonesia (2015-present) Independent Commissioner
Age 75 years old
Statement of Independence
Citizenship Indonesian
He has declared his independence statement on 29 March 2023
Domicile Jakarta
Affiliated Relationship
He has no affiliation with fellow members of the Board of Commissioners, members of the
Board of Directors, nor with the Controlling Shareholders
Legal Basis of Appointment
• AGM Resolutions dated 9 May 2018
• Recent reappointment based on the AGM Resolutions dated 3 May 2023
Work Experience
Having been at the Public Accountant Firm (KAP) Tanudiredja, Wibisana, Rintis and Rekan
(formerly KAP Drs. Hadi Sutanto and Partners) PricewaterhouseCoopers Indonesia in 1972
and was promoted as a Partner from 1 July 1990 until his retirement on 1 January 2010
Educational Background
Bachelor Degree in Economics from the Faculty of Economics, University of Indonesia,
Jakarta
VJH BOENTARAN LESMANA
Concurrent Positions Independent Commissioner
-
Age 76 years old
Statement of Independence Citizenship Indonesian
He has declared his independence statement on 29 March 2023 Domicile Jakarta
Affiliated Relationship
He has no affiliation with fellow members of the Board of Commissioners, members of the
Board of Directors, nor with the Controlling Shareholders
Annual Report 2023 | PT Bank UOB Indonesia 49
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Chapter .03
Company Profile
Profile of the Board of Commissioners
Legal Basis of Appointment
EGM Resolutions dated 26 October 2023, with an effective term of office from 30 January
2024
Work Experience
• President Commissioner at PT Sucorinvest Asset Management (2013–January 2024)
• Independent Commissioner at PT Trias Sentosa Tbk (2022–2023; 2003–2017)
• Independent Commissioner at PT Colorpak Indonesia Tbk (2013–2023)
• President Director at PT Jayatama Prima Distribusi (2018–2023)
• Commissioner at PT Gulf Mangan Grup (2018–2023)
• Independent Commissioner at PT Sucor Sekuritas (d/h PT Sucorinvest Central Gani)
(2000–2013)
JOHANES SUSILO • President Director at PT Asia Kapitalindo Securities Tbk (1994–2000)
Independent Commissioner • President Director at PT Asia Kapitalindo Finance (1994–1999)
• President Director at PT Danamon GT Management (d/h PT Jakarta Assetama
Age 67 years old Management) (1990–1994)
Citizenship Indonesian • President Director at PT Danamon Securities (1990–1994)
Domicile Jakarta • President Commissioner at PT Prima Alloy Steel Universal Tbk (1989–2012)
• Senior Vice President – Corporate Secretary at PT Bank Danamon Indonesia Tbk (1989–
1994)
• Vice President at Chase Manhattan Bank, Jakarta (1986–1989)
• Assistant Vice President at PT Chase Leasing Indonesia (1982–1986)
Educational Background
• Bachelor of Accounting from Universitas Advent Indonesia, Bandung, Indonesia
• Master of Business Administration from Andrews University, Berrien Spring, Michigan,
USA
Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of Commissioners, members of the
Board of Directors, nor with the Controlling Shareholders
Information on Changes to The Members of The Board of
Commissioners After The Financial Year 2023
In 2023, there has been a change in members of the Board of Commissioners, i.e., the resignation of Mr Aswin
Wirjadi as Independent Commissioner effective on 26 October 2023 and the appointment of Mr Johanes Susilo
as Independent Commissioner effective as of 30 January 2024 based on Deed dated 1 February 2024 No. 5 made
by Notary Aryanti Artisari, S.H., M.Kn, and notification of data changes has been received and recorded in Legal
Entity Administration System the Ministry of Law and Human Rights of the Republic of Indonesia dated 5 February
2024 Number AHU-AH.01.09-0052206.
50 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Profile of the Board of Directors
In 2023, the composition of the Board of Directors has not changed. Profile of each member as follows:
Legal Basis of Appointment
• AGM Resolutions dated 28 April 2019 as Deputy President Director
• EGM Resolutions dated 21 October 2020 as President Director
• Recent reappointment based on the AGM Resolutions dated 28 April 2021
Work Experience
• Deputy President Director at UOB Indonesia (2019-2020)
• Deputy Chief Executive Officer at UOB Malaysia (2017-2019)
• Managing Director Centre of Excellence, Head of Agribusiness and Consumer Goods
(2011-2017)
• PT Bank DBS Indonesia with last position as President Director (2003-2011)
• Senior Vice President, Corporate Planning at DBS Bank Pte Ltd, Singapore (2003)
• Vice President at Deutsche Bank Global Corporate Finance, Singapore (2000-2002) HENDRA GUNAWAN
• Investment Analyst and Head of Indonesia Investment Research at Schroders President Director
Investment Management Pte Ltd, Singapore (1999-2000) Age 53 years old
• Head of Investment Research at PT Schroders Investment Management Indonesia Citizenship Indonesian
(1995-1999) Domicile Jakarta
Educational Background
• Bachelor Degree in Finance from The Wharton School of Finance and Commerce of the
University of Pennsylvania, Philadelphia, USA
• Bachelor Degree in Electrical Engineering from The Moore School of Electrical
Engineering, at the University of Pennsylvania, Philadelphia, USA
Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of Directors and members of the
Board of Commissioners, nor with the Controlling Shareholders
Legal Basis of Appointment
• EGM Resolutions dated 21 June 2019
• Recent reappointment based on the AGM Resolutions dated 28 April 2021
Work Experience
• Executive Directors at Group Human Resources at UOB Singapore (2017-2019)
• Chief Financial Officer at UOB China (2012-2017)
• Financial Management Solution Leader at IBM China (2009-2012)
• Head, Financial Planning & Analysis, AsiaPasific at Citi Global Wealth Management
Asia Pasific (2007-2008)
• UOB Singapore with last position as Head of Group Financial Reporting (1999-2007)
• Assistance Vice President at Overseas Union Bank Limited Singapore (1995-1999)
• Auditor at the Auditor-General’s Office of Singapore (1992-1995)
TEH HAN YI
Educational Background Finance and Corporate
Bachelor Degree of Accounting from Nanyang Technological University, Singapore, and is Services Director
a Certified Public Accountant (CPA)
Age 53 years old
Concurrent Positions Citizenship Singaporean
- Domicile Jakarta
Affiliated Relationship
She has no affiliation with fellow members of the Board of Directors and members of the
Board of Commissioners, nor with the Controlling Shareholders
Annual Report 2023 | PT Bank UOB Indonesia 51
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Chapter .03
Company Profile
Profile of the Board of Directors
Legal Basis of Appointment
• EGM Resolutions dated 11 October 2018
• Recent reappointment based on the AGM Resolutions dated 28 April 2021
Work Experience
• Chief Operating Officer at PT Trimegah Securities Tbk, Indonesia (2014-2018)
• OCBC Bank Singapore with his last position as the Head of (Enterprise) Technology
Architecture (2010-2014)
• Engagement Manager at McKinsey & Company, Singapore (2006-2010)
Educational Background
• Master of Science in Electrical Engineering and Computer Science, and the Master
PAUL RAFIULY of Science in Building Technology from the Massachusetts Institute of Technology in
Technology and Cambridge, United States
Operations Director • Bachelor of Architecture and Diploma in Business Administration from University of
Texas in Austin, United States
Age 47 years old • Chartered Financial Analyst (CFA)
Citizenship Indonesian • Financial Risk Manager (FRM)
Domicile Jakarta • Information System Security Professional (CISSP)
Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of Directors and members of the
Board of Commissioners, nor with the Controlling Shareholders
Legal Basis of Appointment
• EGM Resolutions dated 21 June 2019
• Recent reappointment based on the AGM Resolutions dated 28 April 2021
Work Experience
• Citibank, N.A. Indonesia with last position as Managing Director, Head of Citi
Commercial Bank (2015-2018)
• PT Bank Danamon, Tbk and served his last position as EVP Wholesale Business Head
(2010-2015)
• Citibank, N.A. Indonesia with last position as Head for Commercial Bank (2001-2010)
• PT Bank Niaga, Tbk with his last position as Regional Marketing Head (1990-1997)
HARAPMAN KASAN
Educational Background
Wholesale Banking • Master of Business Administration from Kennedy-Western University – Lembaga
Director Manajemen Internasional Indonesia
• Bachelor of Accounting Degree from University of HKBP Nommensen, Medan
Age 55 years old
Citizenship Indonesian
Concurrent Positions
Domicile Jakarta
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of Commissioners, members of the
Board of Directors, nor with the Controlling Shareholders
52 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Profile of the Board of Directors
Legal Basis of Appointment
• AGM Resolutions dated 30 April 2020
• Recent reappointment based on the AGM Resolutions dated 28 April 2021
Work Experience
• Director, Head of Global Markets PT Bank ANZ Indonesia (2014-2018)
• Head of Sales and Marketing at PT Standard Chartered Bank and Head of Global
Marketing at PT Bank CIMB Niaga Tbk (2011-2014)
• Treasury Director at The Royal Bank of Scotland and PT Rabobank International
Indonesia (2009-2011)
• Associate Director at Barclays Capital Singapore (1997-1998)
• Head of Treasury Marketing at Bank of America Corporation (1994-1997)
SONNY SAMUEL
• Treasury Dealer at Deutsche Bank AG (1990-1994)
Global Markets Director
Educational Background Age 54 years old
Master of Strategic Management degree from BINUS Business School, Jakarta. Citizenship Indonesian
Domicile Jakarta
Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of Directors and members of the
Board of Commissioners, nor with the Controlling Shareholders
Legal Basis of Appointment
• AGM Resolutions dated 30 April 2020
• Recent reappointment based on the AGM Resolutions dated 28 April 2021
Work Experience
• Citibank, N.A. Indonesia with last position as Compliance Director (2012-2020)
• Wholesale, Auto and Subsidiary Audit Head at PT Bank CIMB Niaga, Tbk (2010-2012)
• Audit Internal Manager at The Royal Bank of Scotland and Barclays Indonesia (2006-
2009)
• Expense Analyst at Citibank, N.A. Indonesia (2006-2006)
• Associate Manager at Ernst & Young Indonesia (2002-2006)
• Program Coordinator at PT GE Finance Indonesia (2000-2001)
ARDHI WIBOWO
Educational Background Compliance, Legal, and
• Master of Business Administration degree from the University of Birmingham, England Corporate Secretary
• Bachelor Degree in Economics from the Faculty of Economics, University of Indonesia, Director
Jakarta
Age 48 years old
Concurrent Positions Citizenship Indonesian
- Domicile Jakarta
Affiliated Relationship
He has no affiliation with fellow members of the Board of Directors and members of the
Board of Commissioners, nor with the Controlling Shareholders
Annual Report 2023 | PT Bank UOB Indonesia 53
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Chapter .03
Company Profile
Profile of The Board of Directors
Legal Basis of Appointment
AGM Resolutions dated 28 April 2021
Work Experience
• Consumer Banking Director at UOB Indonesia (2021–November 2023)
• Executive Director, Country Head of Risk Management at UOB Thailand (2019-2021)
• Executive Director, Country Head of Retail Credit at UOB Thailand (2013-2019)
• Head of Credit, Retail Lending and MIS at Standard Chartered Bank Thailand (2012
-2013)
• Head of Retail Risk at HSBC, Thailand (2010-2012)
• Manager Policy and Acquisition Risk, Retail Risk at HSBC Asia-Pacific, Hong Kong
(2003-2010)
CHOI YAU CHI • Management Trainee at Standard Chartered Bank, Hong Kong (2001-2003)
(HENRY CHOI)
Strategic Business Educational Background
Development, Retail & • Master of Science degree from The Chinese University of Hong Kong
Channels Transformation • Bachelor of Engineering Degree from The Chinese University of Hong Kong
Director
Concurrent Positions
Age 44 years old -
Citizenship Chinese
Domicile Jakarta Affiliated Relationship
He has no affiliation with fellow members of the Board of Directors and members of the
Board of Commissioners, nor with the Controlling Shareholders
Legal Basis of Appointment
EGM Resolutions dated 29 November 2022
Work Experience
• Regional Credit Officer, Priority Countries ASP WPB Risk at HSBC, Hong Kong
(2018-August 2022)
• Commissioner at PT Astra Sedaya Finance, Indonesia (2014-2017)
• Executive Vice President, Head of Risk Retail & SME Banking at PT Bank Permata Tbk,
Indonesia (2013-2017)
• Consumer Credit Director, Senior Credit Officer at Citibank, Russian Federation
(2012-2013)
• Consumer Credit Director, Czech Republic and Cluster Credit Head at Citibank, Czech
HENRY SANTOSO Republic and Romania (2010-2012)
Risk Management • Senior Vice President, Country Consumer Credit Head, Senior Credit Officer at Citibank,
Director Romania (2008-2010)
• Senior Vice President, Deputy Country Risk Manager, Unsecured Products & Citi
Age 54 years old Business at Citibank, Singapore (2006-2008)
Citizenship Indonesian • Vice President, Risk Management Head, Secured Products & Citi Business at Citibank,
Domicile Jakarta Singapore (2003-2006)
• Senior Risk Analyst at Citibank, Singapore (2000-2003)
• Senior Consultant at Ernst & Young FSI, Singapore (1999-2000)
• Senior Product Manager at PT Bank BII Commonwealth, Indonesia (1997-1999)
• Deputy Head of Credit Division, Perdana Multi Finance, Indonesia (1997-1997)
• Management Associate to Risk Analyst at Citibank, N.A., Indonesia (1994-1997)
Educational Background
• Master of Business Administration from University of Illinois Urbana- Champaign, USA.
• Bachelor of Business Administration from Iowa State University, USA
Concurrent Positions
-
Affiliated Relationship
He has no affiliation with fellow members of the Board of Directors and members of the
Board of Commissioners, nor with the Controlling Shareholders
54 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Information on Changes to The Members of The Board
of Directors After The Financial Year 2023
There were no changes to the members of the Board of Directors of the Bank in 2023 and after the financial year
2023 ended until the publication date of this Annual Report.
Employee Demography
As at 31 December 2023, total employees of the Bank is 4,252 employees. For the Employees Demographics
please refer to section Management Discussion and Analysis - Human Resources on page 104-105.
Annual Report 2023 | PT Bank UOB Indonesia 55
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Chapter .03
Company Profile
United Overseas Bank Limited as a Controlling Shareholder
UOB is a leading bank in Asia. Operating through its head office in Singapore and
banking subsidiaries in China, Indonesia, Malaysia, Thailand, and Vietnam. UOB has a
global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe
and North America.
Since its incorporation in 1935, UOB has grown organically and through a series of
strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s
Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.
For nearly nine decades, UOB has adopted a customer-centric approach to create
long-term value by staying relevant through its enterprising spirit and doing right by
its customers. UOB is focused on building the future of ASEAN – for the people and
businesses within, and connecting with ASEAN.
The Bank connect businesses to opportunities in the region with its unparalleled regional
footprint, and leverages data and insights to innovate and create personalised banking
experiences and solutions catering to each customer’s unique needs and evolving
preferences.
UOB is also committed to help businesses forge a sustainable future, by fostering social
inclusiveness, creating positive environmental impact and pursuing economic progress.
UOB believes in being a responsible financial services provider and is steadfast in
its support of art, social development of children and education, doing right by its
communities and stakeholders.
What We Do
UOB provides a wide range of financial services globally through three core business
segments – Group Retail, Group Wholesale Banking and Group Global Markets. Our
offering includes consumer banking, private banking, commercial banking, transaction
banking, investment banking and treasury services. Through our subsidiaries, we also
provide asset management, private equity fund management and insurance services
among others.
56 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Where We Operate
~500 branches and offices in Asia Pacific,
Europe and North America.
Asia Australia 2
Brunei 2 Myanmar 2 Canada 3
Hong Kong 2 Philippines 1
France 1
India 2 Singapore 65
Indonesia 133 South Korea 1 United 1
Japan 2 Taiwan 2 Kingdom
Mainland China 20 Thailand 194 USA 3
Malaysia 58 Vietnam 7
Annual
PT BankReport
UOB Indonesia
2023 | PT |Bank
Annual
UOBReport
Indonesia
2023 57
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Chapter .03
Company Profile
Five-Year Financial Summary
of United Overseas Bank Limited
Description 2023 2022 2021 2020 2019
Selected income statement items ($ million)
Total income 13,932 11,575 9,789 9,176 10,030
Total expenses a
5,778 5,016 4,313 4,184 4,472
Operating profita 8,154 6,559 5,476 4,992 5,558
Net profit after tax a,b
6,060 4,819 4,075 2,915 4,343
Selected balance sheet items ($ billion)
Gross customer loans 321 320 311 281 269
Customer deposits 385 369 353 325 311
Total assets 524 504 459 432 404
Shareholders’ equityb 46 43 43 41 40
Financial indicators (%)
Cost/income ratioa 41.5 43.3 44.1 45.6 44.6
Non-performing loans ratio 1.5 1.6 1.6 1.6 1.0
Return on average ordinary shareholders’ equitya 14.2 11.9 10.2 7.4 11.6
Return on average total assetsa 1.19 0.99 0.92 0.69 1.08
Return on average risk-weighted assets a
2.29 1.83 1.68 1.27 1.90
Capital adequacy ratio (%)
Common equity tier 1 13.4 13.3 13.5 14.7 14.3
Tier 1 14.4 14.4 14.4 15.8 15.4
Total 16.6 16.7 16.6 18.4 17.4
Per ordinary share
Basic earnings ($) 3.34 2.69 2.39 1.69 2.55
Net asset value ($) 26.00 24.24 24.08 23.03 22.33
Net dividend (cents)c 170 135 120 78 130
a Excluding one-off expenses.
b Relates to the amount attributable to equity holders of the Bank.
c Included a special dividend of 20 cents in 2019.
58 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Structure & Composition of Shareholders
The Company’s Ownership Structure
As of 1 January 2023 As of 31 December 2023
Total Issued Total Issued
Shareholders and Fully Paid- and Fully
Number of Percentage of Percentage of
Up Capital Number of Paid Up
Shares Ownership (%) Ownership (%)
Shares Capital
(in million IDR) (in million IDR)
UOB International
Investment Private 7,712,375,083 68.943 1,928,094 8,430,031,879 68.943 2,107,508
Limited, Singapore
United Overseas Bank
3,362,266,880 30.056 840,567 3,675,134,661 30.056 918,784
Limited, Singapore
Yayasan Kesejahteraan
111,886,756 1.000 27,971 122,308,897 1.000 30,577
Nusantara
Other shareholders 116,169 0.001 29 116,196 0.001 29
Total 11,186,644,888 100.000 2,796,661 12,227,591,633 100.000 3,056,898
Composition of Share Ownership with an Ownership of 5% or More
As of 1 January 2023
Total Issued and
Shareholders Number of Shares Percentage of Ownership (%) Fully Paid Up Capital
(in million IDR)
UOB International Investment Private
7,712,375,083 68.943 1,928,094
Limited, Singapore
United Overseas Bank Limited,
3,362,266,880 30.056 840,567
Singapore
As of 31 December 2023
Total Issued and
Shareholders Number of Shares Percentage of Ownership (%) Fully Paid Up Capital
(in million IDR)
UOB International Investment Private
8,430,031,879 68.943 2,107,508
Limited, Singapore
United Overseas Bank Limited,
3,675,134,661 30.056 918,784
Singapore
Classification of Share Ownership Based on Ownership Status
As of 1 January 2023
Number of Percentage of
Shareholders Status
Shares Ownership (%)
UOB International Investment Private Ownership of Foreign
7,712,375,083 68.943
Limited, Singapore Institutions
United Overseas Bank Limited, Ownership of Foreign
3,362,266,880 30.056
Singapore Institutions
Yayasan Kesejahteraan Nusantara Ownership of Local Institutions 111,886,756 1.000
Ownership of Foreign and
Other shareholders 116,169 0.001
Local Institution
Total 11,186,644,888 100.000
Annual Report 2023 | PT Bank UOB Indonesia 59
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Chapter .03
Company Profile
Structure & Composition of Shareholders
As of 31 December 2023
Number of Percentage of
Shareholders Status
Shares Ownership (%)
UOB International Investment Private Ownership of Foreign
8,430,031,879 68.943
Limited, Singapore Institutions
United Overseas Bank Limited, Ownership of Foreign
3,675,134,661 30.056
Singapore Institutions
Yayasan Kesejahteraan Nusantara Ownership of Local Institutions 122,308,897 1.000
Ownership of Foreign and
Other shareholders 116,196 0.001
Local Institution
Total 12,227,591,633 100.000
Classification of Local and Foreign Shareholders
As of 31 December 2023
Percentage of
Group of Shareholders Number of Shareholders Number of Shares
Ownership (%)
Institutions
Local 3 122,309,280 1.000
Foreign 6 12,105,166,978 98.999
Individuals
Local 20 114,145 0.001
Foreign 1 1,230 0.000
Total 30 12,227,591,633 100.000
Shareholding Ownership by the Board of Commissioners and Board of
Directors
In 2023, the Board of Commissioners and the Board of Directors Members did not hold the Company’s shares.
Significant Changes
[GRI 2-6] [C.6]
In 2023, the Bank issued 1,040,946,745 new shares with nominal amount of IDR250 (full amount) per share with
offering price IDR1,441 (full amount) per share. This additional of new shares did not change the structure and
composition of shareholders.
60 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Company Group Structure
as of 31 December 2023
Citibank Nominees
17.74%
Singapore Pte Ltd.
DBSN Services Pte.
10.26%
Ltd.
Raffles Nominees
10.05%
(Pte.) Limited
Ordinary Shares
HSBC (Singapore) United Overseas
9.15% 100%
Nominees Pte Ltd Bank Limited
30.056%
Wee Investments
7.97%
(Pte) Limited UOB International
Others Investment Private
Ltd
Wah Hin and 1.001% 68.943%
Company Private 5.18%
Limited
PT Bank UOB Indonesia
Other Shareholders
(Ownership below 39.65%
5% each)
Information:
Based on the structure above, United Overseas Bank Limited is a Controlling Shareholder of the Bank. United Overseas Bank
Limited is a public listed company at Singapore Exchange (SGX) and has no individual beneficial owner.
Subsidiaries and Affiliates
As of 31 December 2023, UOB Indonesia did not have subsidiaries and affiliates as mentioned in the aforementioned
group structure chart.
Annual Report 2023 | PT Bank UOB Indonesia 61
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Chapter .03
Company Profile
Share Listing Chronology
Additional/
Nominal Value
Corporate Actions Distribution Dates Reduction in Total Listed Shares
(IDR)
Total Shares
Initial Public Offering of Shares 20 July 2000 500 194,000,000 970,000,000
Share Dividend 17 May 2002 500 223,689,754 1,193,689,754
Bonus Share 17 May 2002 500 47,133,917 1,240,823,671
Limited Public Offering 20-27 September 2002 500 248,164,734 1,488,988,405
Share Nominal Value 23 December 2002 250 1,488,988,405 2,977,976,810
Limited Public Offering II 28 May-5 June 2003 250 744,494,202 3,722,471,012
Share Dividend 4 November 2003 250 306,091,338 4,028,562,350
Bonus Share 4 November 2003 250 959,549,650 4,988,112,000
Share Dividend 12 May 2005 250 410,821,132 5,398,922,132
Bonus Share 12 May 2005 250 367,309,605 5,766,242,737
Limited Public Offering III 9-19 June 2006 250 887,114,267 6,653,357,004
Tender Offer 22 September-21 October 2008 250 - 6,653,357,004
Delisting of Shares on Stock Exchange 20 November 2008 250 - 6,653,357,004
Business Merger 30 June 2010 250 2,900,528,800 9,553,885,804
Right Issue 27 May 2020 250 1,632,759,084 11,186,644,888
Right Issue 20 November 2023 250 1,040,946,745 12,227,591,633
Bond Listing Chronology
As of 31 December 2023, the outstanding of Senior Debt and Subordinated Debt was IDR1,450 billion. The bond
ratings were ranked by Fitch Ratings, AAA(idn) for Senior Debt and AA(idn) for Subordinated Debt.
In 2023, there were maturing Subordinated Debt amounted to IDR100 billion and maturing Senior Debt amounted
to IDR55 billion.
The following table presents the data of outstanding and matured bonds of UOB Indonesia:
Date of Value
Type of Bonds Maturity Maturity Date Coupon Rating Listing
Emission (IDR)
Outstanding Bonds
Bank UOB Indonesia Senior 2 September 3 years 100 billion 2 September 2024 5.65% p.a. AAA (idn) Indonesia
Debt Shelf Offering III 2021 Fitch Stock
Phase I 2021 Ratings Exchange
Bank UOB Indonesia 17 October 7 years 500 billion 17 October 2024 9.25% p.a AA (idn) Indonesia
Subordinate Debt Shelf 2017 Fitch Stock
Offering I Phase II 2017 Ratings) Exchange
Bank UOB Indonesia 5 July 2019 7 years 100 billion 5 July 2026 9.85% p.a. AA (idn) Indonesia
Subordinate Debt Shelf Fitch Stock
Offering II Phase I 2019 Ratings Exchange
Bank UOB Indonesia 13 November 7 years 650 billion 13 November 2026 9.25% p.a. AA (idn) Indonesia
Subordinate Debt Shelf 2019 Fitch Stock
Offering II Phase II 2019 Ratings Exchange
Bank UOB Indonesia 8 March 7 years 100 billion 8 March 2029 8.00% p.a. AA (idn) Indonesia
Subordinate Debt Shelf 2022 Fitch Stock
Offering III Phase I 2022 Ratings Exchange
Matured Bonds
Bank UOB Indonesia Senior 23 May 2018 5 years 55 billion 23 May 2023 7.65% p.a AAA (idn) Indonesia
Debt Shelf Offering I Fitch Stock
Phase II 2018 Series C Ratings Exchange
Bank UOB Indonesia 25 November 7 years 100 billion 25 November 2023 9.40%p.a AA (idn) Indonesia
Subordinate Debt Shelf 2016 Fitch Stock
Offering I Phase I 2016 Ratings Exchange
62 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Supporting Institutions and/or Professions
Public Accounting Firm Trustee Legal Consultant
Purwantono, Sungkoro & Surja PT Bank Mandiri (Persero) Tbk Hiswara Bunjamin & Tandjung
(Ernst & Young Indonesia) Plaza Mandiri, Lantai 22 Gedung BRI II Lantai 23
Indonesia Stock Exchange Tower 2, Lt.7 Jl. Jenderal Gatot Subroto Kav. 36-38 Jl. Jenderal Sudirman Kav. 44-46
Jl. Jenderal Sudirman Kav. 52-53 Jakarta Selatan, DKI Jakarta, 12190 Jakarta Selatan, DKI Jakarta 10210
Jakarta Selatan, DKI Jakarta 12190 Indonesia Indonesia
Indonesia Telp. (021) 5245161, 5268216 Telp. (021) 574 4010
Telp. (021) 52895000 Faks. (021) 5268201 Faks. (021) 5744670
Faks. (021) 52894100
Share Registrar Public Notary Rating Agency
PT Raya Saham Registra Kantor Notaris Aulia Taufani S.H PT Fitch Ratings Indonesia
Gedung Plaza Sentral Lantai 2 Menara Sudirman Lantai 17D DBS Bank Tower Lt.24 Suite 2403
Jl. Jendral Sudirman Kav. 47-48 Jl. Jenderal Sudirman Kav. 60 Jl. Prof Dr. Satrio Kav 3-5
Jakarta 12930 Jakarta Selatan 12190 Jakarta Selatan, DKI Jakarta, 12940
Telp. (021) 2525666 Telp. (021) 52892365 Indonesia
Faks. (021) 2525028 Faks. (021) 5204780 Telp. (021) 29886800
Faks. (021) 29886822
Public Accountant and Public Accounting Firm
Type of Professionals Service Fee Assignment Period
Public Accounting Firm - Audit service for 2023 Financial Statements IDR6,747 billion 2023 Fiscal year
- Audit of Citibank’s Consumer Banking business
There were not any non-audit services rendered by
the Public Accounting Firm for the Bank.
Information on The Company Website
All of the Bank’s Stakeholders are given a wide access to the Bank’s official website, www.uob.co.id, containing a
wide-ranging public information required by the regulators, such as:
• Information on the shareholders;
• The code of conduct;
• Summaries of the minutes of Annual and Extraordinary General Meetings of Shareholders as well as all related
notices and invitations, dating back to 2016;
• The Company’s annual reports dating from 2010, financial statements dating from 2013, and quarterly
financial statements dating from 2011;
• Profiles of the Board of Commissioners and Board of Directors; and
• Charters of the Board of Commissioners, Board of Directors, Committees and Internal Audit Unit.
Annual Report 2023 | PT Bank UOB Indonesia 63
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Chapter .03
Company Profile
Awards and Certifications
February 2023 April 2023 May 2023
Issuing Agency Issuing Agency Issuing Agency
PR Indonesia Forbes and Statista The Asset
Award Name Award Name Award Name
PR Indonesia Awards The World’s Best Banks 2023 Triple A Treasury, Trade, Supply
Chain and Risk Management
Business Unit Business Unit Awards 2023
Strategic Communications and UOB Indonesia
Business Unit
Brand Types of Awards Transaction Banking
Types of Awards The World’s Best Banks 2023 - Types of Awards
CSR Program - Sustainability Ranked 5th in Indonesia Best Services Providers – Transaction
Business - UOB Painting of the Year Bank Indonesia
Issuing Agency Best Services Providers - Trade
Infobank Finance Indonesia
Issuing Agency
The Asset Award Name Best Treasury and Working Capital
– LLCS Indonesia
Award Name Infobank 12th Digital Brand Awards
Triple A Country Awards for 2023 Best Payments and Collections
Solution Awards - PT Cipta Piranti
Sustainable Finance Business Unit Sejahtera (CPS Soft)
Business Unit TMRW
Best Payments and Collections
Wholesale Banking Types of Awards Solution Awards - PT Indotruck
Types of Awards The Best Bank with Digital Service Utama
Best sustainability-linked loan: (KBMI) 3
Best Payments and Collections
PT Bank Rakyat Indonesia US$1 Solution Awards - PT Sany Heavy
billion sustainability-linked loan Industry Indonesia
Issuing Agency
Best green loan: Perusahaan Listrik Infobank Best Payments and Collections
Negara US$750 million syndicated Solution Awards - PT Visi
Award Name Telekomunikasi Infrastruktur and
green loan facility Infobank 12th Digital Brand Awards PT Permata Karya Perdana
2023
Best Payments and Collections
Business Unit Solution Awards - PT Astrindo
UOB Indonesia Senayasa
Types of Awards Best Payments and Collections
March 2023 2nd Best Bank Saving Account Solution Awards - PT Bhumyamca
KBMI 3 Sekawan
Issuing Agency
Minister of Health of the Republic of 2nd Best Wealth Management Best Structured Trade Finance
Indonesia Conventional KBMI 3 Solution - PT Wahana Citra Nabati
2nd Best Debit Card Conventional Best Structured Trade Finance
Award Name
Bank KBMI 3 Solution - PT Merdeka Tsingshan
PPKM Award 2023 Indonesia
2nd Best Deposito Conventional
Business Unit Bank KBMI 3 Best Supply Chain Solution -
UOB Indonesia 3rd Best Bank Conventional KBMI 3 PT Tiga Jaya
Types of Awards 3rd Best Credit Card Conventional
PPKM Award for its contribution to Bank KBMI 3
handling COVID-19 in Indonesia
64 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Awards and Certifications
June 2023 August 2023 September 2023
Issuing Agency Issuing Agency Issuing Agency
HR Asia Magazine Human Resources Online PR Indonesia
(Publication of Lighthouse
Award Name Award Name
Independent Media)
HR Asia Awards Sewindu PR Indonesia
Award Name
Business Unit Business Unit
HR Excellence Awards Indonesia
Human Resource Strategic Communications and
2023
Brand
Types of Awards
Business Unit
HR Asia Best Companies to Work Types of Awards
Human Resource
for in Asia 2023 - Indonesia Region Top 106 Influential Companies and
Types of Awards Institution in Communications
HR Asia Diversity, Equity, and
Bronze Awards for Excellence in
Inclusion Awards 2023
Crisis Management Planning
Bronze Awards for Excellence in
Workplace Culture
Gold Awards for Excellence in Work-
Life Harmony
December 2023
July 2023 Issuing Agency
Investortrust
Issuing Agency
Issuing Agency Award Name
Chief of Staff Asia
Indonesian Business Digital Banking Awards 2023
Award Name
Award Name Business Unit
HR Stars Awards
Bisnis Indonesia Financial Awards TMRW
Business Unit (BIFA) 2023
Types of Awards
Human Resource
Business Unit Winner in Data Dimension in KBMI
Types of Awards Hendra Gunawan 3 Category
Best CEO with an HR Focus
Best CEO Bank - Hendra Gunawan -
Best Covid Management Strategies PT Bank UOB Indonesia Issuing Agency
Award Name CNBC Indonesia
Bisnis Indonesia Financial Awards Award Name
(BIFA) 2023 CNBC Indonesia Awards
Business Unit Business Unit
Wholesale Banking Wholesale Banking
Types of Awards Types of Awards
Best Performance Bank in KBMI 3 Best Regional Bank for Foreign
category Direct Investment
Annual Report 2023 | PT Bank UOB Indonesia 65
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Chapter .03
Company Profile
Operational Area and Market Served [C.3]
As of 31 December 2023, the Company’s service network consisted of 42 branch offices, 89 sub-branch offices,
and 142 ATMs across 44 cities in 16 provinces in Indonesia. The Company’s banking services are accessible
through its regional ATM network, the ATM Prima and Bersama networks and the Visa network.
Office Networks
No. Office Name Main Branch Address Dati II Telephone Facsimile
HEAD OFFICE
1 Head Office - Jl. M.H. Thamrin No. 10, 0391 - Jakarta (021) 23506000 (021) 29936632
Kel. Kebon Melati, Pusat
Kec. Tanah Abang 10230
REGIONAL OFFICES
1 Region 1 Region 1 Office Gedung UOB Plaza Lantai 18, 0391 - Jakarta (021) 23506000 (021) 29936647
Office Jl. M.H. Thamrin No. 10, Pusat
Kel. Kebon Melati,
Kec. Tanah Abang 10230
2 Region 2 Region 2 Gedung UOB Plaza Lantai 11, 0391 - Jakarta (021) 23506000 (021) 29936632
Office Office Jl. M.H. Thamrin No. 10, Pusat
Kel. Kebon Melati,
Kec. Tanah Abang
10230
3 Region 3 Region 3 Jl. Palang Merah No. 30, 3396 - Kota (061) 4156574 (061) 4148556,
Office Office Lantai 3, Kel. Kesawan, Medan (061) 4154793,
Kec. Medan Barat, (061) 4560116
Medan 20231
4 Region 4 Region 4 Jl. Panglima Sudirman 1291 - Kota (031) 5471772, (031) 5345026,
Office Office No. 53, Lantai 3, Surabaya (031) 5481888 (031) 5345136,
Kel. Embong Kaliasan, (031) 5345146
Kec. Genteng
Surabaya 60271
BRANCH OFFICES
1 Juanda Juanda Jl. Ir. H. Juanda No. 15, 0391 - Jakarta (021) 22035055 (021) 22035056
Kel. Kebon Kelapa, Pusat – 58
Kec. Gambir 10120
2 UOB Plaza UOB Plaza Jl. M.H. Thamrin No. 10, 0391 - Jakarta (021) 23506000 (021) 29936680
Kel. Kebon Melati, Pusat - 82
Kec. Tanah Abang 10230
3 Kelapa Gading Kelapa Gading Jl. Raya Barat Boulevard 0392 - Jakarta (021) 4529171 (021) 4529179
Blok LC 7 No. 1-2, Utara
Kelapa Gading Permai 14240
4 Green Garden Green Garden Komplek Perumahan Green 0393 - Jakarta (021) 5819005, (021) 5802776
Garden, Blok A.7 No. 47-50, Barat (021) 5802814
Kel. Kedoya Utara,
Kec. Kebon Jeruk 11520
5 Gajah Mada Gajah Mada Jl. Gajah Mada No.87-87A, 0393 - Jakarta (021) 6329779 (021) 6329696,
(d/h: (Asemka) Kel. Krukut, Kec. Taman Sari, Barat (021) 6329766,
Jakarta Barat (021) 6329966,
(021) 6329906
6 Radio Dalam Radio Dalam Jl. Radio Dalam No. 9 A, 0394 - Jakarta (021) 7252647 (021) 7252648
Kel. Gandaria Utara, Selatan
Kec. Kebayoran Baru 12140
7 Pacific Century Pacific Century Pacific Century Place 0394 - Jakarta (021) 72888788
Place Place SCBD lot 10 Selatan
Jl. Jend Sudirman kav 52-53
Jakarta Selatan
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Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
8 Pantai Indah Pantai Indah Pantai Indah Kapuk Metro 0392 - Jakarta (021) 30010566
Kapuk Metro Kapuk Metro Broadway Utara
The Gallery No.8 Unit ES, ET,
& FA
Jl. Pantai Indah Utara II, Pantai
Indah Kapuk
Jakarta Utara
9 Kebon Jeruk AKR Kebon Jeruk AKR Gallery West 0393 - Jakarta (021) 38782033
AKR Jl Panjang No. 5, Kebon Barat
Jeruk, Jakarta Barat
10 Serang Serang Jl. M. Hasanuddin, 0203 - Kota (0254) 200153, (0254) 200692
Serang Plaza Blok II Serang (0254) 201566
No. 3-7, Serang, Banten 42112
11 Bandar Lampung Bandar Jl. Ikan Tenggiri No. 17/A, 3991 - Kota Bandar (0721) 482982 (0721) 482951
Lampung Teluk Betung, Lampung
Bandar Lampung 35223
12 Bogor Bogor Jl. Suryakencana No. 260 F, 0192 - Kota Bogor (0251) 8325256 (0251) 8325307
Kel. Gudang, Kec. Bogor
Tengah, Kota Bogor 16151
13 Medan Medan Jl. Palang Merah No. 30, 3396 - Kota (061) 4156574 (061) 4148556,
Kel. Kesawan, Medan (061) 4154793,
Kec. Medan Barat, (061) 4560116
Medan 20231
14 Tomang Elok Tomang Elok Jl. Jend. Gatot Subroto, 3396 - Kota (061) 8455405, (061) 8455656
Kompleks Tomang Elok Blok A Medan (061) 8455785,
No. 55, Sei Sikambing, (061) 8455635
Medan 11520
15 Palembang Palembang Jl. Mesjid Lama No. 48-50, 3691 - Kota (0711) 310965 (0711) 313216,
Palembang, Palembang (0711) 316663,
Sumatera Selatan 30125 (0711) 361150,
(0711) 357816
16 Pekanbaru Pekanbaru Jl. Jend. Sudirman No. 442, 3591 - Kota (0761) 21168, (0761) 848052
Wonorejo, Marpoyan Damai, Pekanbaru (0761) 21116
Kota Pekanbaru, (0761) 20879
Riau 28126 (0761) 848053
17 Batam Batam Komplek Batam Plaza 3892 - Kota Batam (0778) 459691 (0778) 458601
Blok E No. 1-3,
Jl. Imam Bonjol, Batam 29444
18 Batam Centre Batam Centre Komplek Mahkota Raya Blok D 3892 - Kota Batam (0778) 7486000 (0778) 7486025
No. 7 & No. 8,
Jl. Engku Putri,
Kel. Teluk Tering,
Kec. Batam Kota, Kota Batam,
Kepulauan Riau 29461
19 Solo Solo Jl. Jend. Urip Sumoharjo 0996 - Kota (0271) 646348 (0271) 668758,
No. 13- 17, Kepatihan Wetan, Surakarta/Solo (0271) 630620,
Jebres, Kota Surakarta, (0271) 646947
Jawa Tengah 57129
20 Bandung Bandung Jl. Jend. Sudirman No. 55 A, 0191 - Kota (022) 4204491 (022) 4238906
Bandung 40241 Bandung
21 Bandung Rivai Bandung Rivai Jl. Abdul Rivai No. 2 A, 0191 - Kota (022) 4209980 (022) 4209970
Tamansari, Bandung Wetan, Bandung
Kota Bandung, Jawa Barat
40116
Annual Report 2023 | PT Bank UOB Indonesia 67
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Chapter .03
Company Profile
Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
22 Semarang Semarang Menara Suara Merdeka 0991 - Kota (024) 86448000 (024) 86446066
(Ground Floor, Mezzanine Floor, Semarang
Lantai 2)
Jl. Pandanaran No.30,
Kel. Pekunden,
Kec. Semarang Tengah,
Semarang 50137
23 Cirebon Cirebon Jl. Yos Sudarso No. 29, 0194 - Kota (0231) 205040, (0231) 201989,
Lemahwungkuk, Cirebon (0231) 206959, (0231) 248340
Kota Cirebon, Jawa Barat 45111 (0231) 206396,
(0231) 221541
24 Tasikmalaya Tasikmalaya Jl. Empang No. 50, Empangsari, 0195 - Kota (0265) 310300 (0265) 332007
Tawang, Tasikmalaya, Tasikmalaya
Jawa Barat 46113
25 Purwokerto Purwokerto Jl. Jend. Sudirman No. 330, 0914 - Kab. (0281) 631464, (0281) 636747,
Purwokerto 53116 Banyumas (0281) 623466, (0281) 640945
(0281) 635996,
(0281) 630942,
(0281) 630259,
(0281) 635950
26 Magelang Magelang Jl. Tidar No. 17, 0995 - Kota (0293) 362181, (0293) 364271
Magelang, Magelang (0293) 364344,
Jawa Tengah 56126 (0293) 365261,
(0293) 364405-06
27 Yogyakarta Yogyakarta Jl. Jend. Sudirman No. 62, 0591 - Kota (0274) 562000, (0274) 563433
Kotabaru, Gondokusuman, Yogyakarta (0274) 517410
Kota Yogyakarta,
Daerah Istimewa Yogyakarta
55224
28 Tegal Tegal Jl. Kolonel Sugiono No. 56, 0994 - Kota (0283) 325001, (0283) 325008
RT.003/ RW.05, Tegal (0283) 325005
Kel. Pekauman,
Kec. Tegal Barat, Tegal
29 Surabaya Surabaya Jl. Panglima Sudirman 1291 - Kota (031) 5471772, (031) 5345026,
No. 53, Embong Kaliasin, Surabaya (031) 5481888 (031) 5345136,
Genteng, Kota Surabaya (031) 5345146
60271
30 Surabaya Surabaya Jl. Raya Bukit Darmo Golf, 1291 – Kota (031) 7343949 (031) 7343910
Bukit Darmo Bukit Darmo Blok R No. 28 – 30, Surabaya (Hunting), (031)
Kel. Pradah Kalikendal, 7326000
Kec. Dukuh Pakis 60226 (Privilege Banking),
(031) 5486008
(Call Centre
24 hours)
31 Surabaya Surabaya Jl. Manyar Kertoarjo No. 50, 1291 – Kota (031) 5991168 (031) 5991411
Manyar Kertoarjo Manyar Kel. Manyar Sabrangan, Surabaya (031) 5991428 (031) 5991412
Kertoarjo Kec. Sukolilo
32 Jember Jember Jl. Gajah Mada No. 68, 1212 - Kab. (0331) 484545, (0331) 484980
Kel. Jember Kidul, Jember (0331) 424759,
Kec. Kaliwates, (0331) 424859
Kabupaten Jember 68131
33 Denpasar Denpasar Jl. Dr. Wahidin No. 39, 7291 - Kota (0361) 433014 (0361) 424245
Kel. Pemecutan, Denpasar
Kec. Denpasar Barat,
Kota Denpasar
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Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
34 Denpasar Bali Denpasar Bali Jl. Raya Puputan Komplek 7291 - Kota (0361) 241888 (0361) 245978
Renon Renon Pertokoan Niti Mandala Raya Denpasar
No.17, Renon,
Dangin Puri Klod,
Denpasar Timur,
Kota Denpasar 80235
35 Banyuwangi Banyuwangi Jl. Jend. Sudirman No. 16, 1211 - Kab. (0333) 426500 (0333) 424260
Kel. Penganjuran, Banyuwangi (0333) 424705
Kec. Banyuwangi, (0333) 423061-62
Kabupaten Banyuwangi 68416 (0333) 422270-71
(0333) 424070
36 Jombang Jombang Jl. Gus Dur (d/h. Jl Merdeka) 1204 - Kab. (0321) 862500-01 (0321) 862171
No. 133, Candi Mulyo, Jombang (0321) 862337
Kec. Jombang, (0321) 874857-58
Kabupaten Jombang 61413
37 Malang Malang Jl. Basuki Rahmat 1293 - Kota (0341) 342333 (0341) 342572
No. 63, Kauman, Klojen, Malang
Kota Malang 60261
38 Makassar Makassar Jl. Sulawesi No. 83, 6191 - Kota (0411) 321421 (0411) 315702
Pattunuang, Wajo, Makassar (0411) 319457
Kota Makassar 90174
39 Pontianak Pontianak Jl. HOS Cokroaminoto 5391 - Kota (0561) 732600 (0561) 736282
No. 266/A, Darat Pontianak (0561) 734656
Sekip, Pontianak Kota,
Kota Pontianak 78117
40 Balikpapan Balikpapan Kavling 8 Square Blok A6 & A7, 5492 - Kota (0542) 7208888 (0542) 765477
RT 28 Jl. M.T. Haryono, Balikpapan (0542) 7209999
Kel. Damai,
Kec. Balikpapan Selatan 76114
41 Samarinda Samarinda Jl. Pangeran Diponegoro 5491 - Kota (0541) 732492- (0541) 732490
No. 68-70, Pelabuhan, Samarinda 95-97
Samarinda Kota, (0541) 749516-
Kota Samarinda 75112 17-18
42 Banjarmasin Banjarmasin Jl. Lambung Mangkurat 5191 - Kota (0511) 3357172 (0511) 3353305
No. 17, Banjarmasin, Banjarmasin (0511) 3353754
Kertak Baru Ulu, (0551) 3365312
Banjarmasin Tengah,
Kota Banjarmasin
70111
SUB-BRANCH OFFICES
1 Glodok Plaza Gajah Mada Komp. Glodok Plaza Blok F 0393 - Jakarta (021) 6595026 (021) 6280944
No. 1-2, Jl. Pinangsia Raya, Barat (021) 6596745
Kota Tua, Pinangsia, (021) 6280943-44
Tamansari, Kota Jakarta Barat
11110
2 Pluit Gajah Mada Jl. Pluit Kencana Raya 0392 - Jakarta (021) 6611770–71 (021) 6691163
No. 76, Pluit, Penjaringan, Utara
Kota Jakarta Utara 14450
3 Petak Baru Gajah Mada Jl. Petak Baru No. 25-26, 0393 - Jakarta (021) 6922115 (021) 6928086
Roa Malaka, Barat (021) 6922432
Tambora, Kota Jakarta 11230 (021) 6912224
(021) 6924069
(021) 6901756-57
(021) 6917410-11
4 Mangga Dua Plaza Gajah Mada Mangga Dua Plaza 0392 - Jakarta (021) 6120086 (021) 6129130
Blok F, No. 5 Utara (021) 6120912
Jl. Mangga Dua Raya 11110 (021) 6129128
(021) 6129129
Annual Report 2023 | PT Bank UOB Indonesia 69
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Chapter .03
Company Profile
Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
5 Jembatan Dua Gajah Mada Jl. Jembatan Dua No. 139 A, 0392 - Jakarta (021) 6631760 (021) 6610615
Pejagalan, Penjaringan, Utara (021) 6631761–62
Kota Jakarta Utara 14450
6 Muara Karang Gajah Mada Jl. Muara Karang No. 1, 0392 - Jakarta (021) 6625967-69 (021) 6606171
RT. 019/RW. 02, Utara (021) 6601048
Kav. Blok Y3 Barat No. 10,
Pluit, Penjaringan,
Kota Jakarta Utara 14450
7 Pantai Indah Gajah Mada Rukan Exclusive Blok A No.27, Jl. 0392 - Jakarta (021) 56946227 (021) 56946227
Kapuk Marina Raya, Utara
Kel. Kamal Muara,
Kec. Penjaringan 14470
8 Petojo Juanda Jl. A.M Sangaji No. 25 E, 0391 - Jakarta (021) 6324562-63 (021) 6324562
Petojo Utara, Gambir, Pusat (021) 63855187
Kota Jakarta Pusat 10130
9 Roxy Mas Juanda Gedung Yusen, Lantai Dasar, 0391 - Jakarta (021) 22638455 (021) 22635587
Jl. Biak No.56, Kel. Cideng, Pusat
Kec. Gambir, Jakarta Pusat
10150
10 Sawah Besar Juanda Jl. Sukarjo Wiryopranoto 0391 - Jakarta (021) 3853677 (021) 3860602
No. 26, Kebon Kelapa, Pusat (021) 231368
Gambir, Jakarta Utara (021) 2313479
10120 (021) 3453336
(021) 3453337
11 Pasar Baru Juanda Jl. K. H. Samanhudi 40 A, 0391 - Jakarta (021) 3500523 (021) 3510589
RT. 006/RW. 02, Pasar Baru, Pusat (021) 3850468
Sawah Besar 10710 (021) 3866520
(021) 3510587
(021) 3510588
12 Central Park Juanda Central Park Mall, Lantai 3, 0393 - Jakarta (021) 29201015 (021) 29201017
Shop Unit No. L3 – 203 A, Barat (Hunting)
Jl. Let. Jend. S. Parman (021) 29201013
Kav. 28, Kel. Tanjung Duren, (021) 29201014
Kec. Grogol, Petamburan, (021) 29201016
Jakarta Barat 11470
13 Mangga Besar Juanda Jl. Mangga Besar 0393 - Jakarta (021) 6594677 (021) 6293113
No. 68 – 68 A Barat (021) 6292150
10730 (021) 6292349
14 Pangeran Juanda Jl. Pangeran Jayakarta 0391 – Jakarta (021) 62201905 (021) 62201904
Jayakarta No. 126-129 Blok A/5, Pusat (021) 62201906
Kel. Mangga Dua Selatan, (021) 62201907
Kec. Sawah Besar 10730 (021) 6016574
15 Palmerah UOB Plaza Jl. Palmerah Barat No. 39 B, 0391 - Jakarta (021) 5325479 (021) 5329249
Palmerah, Tanah Abang, Pusat (021) 5308785
Jakarta Pusat 10270
16 Tanah Abang UOB Plaza Pusat Perdagangan 0391 - Jakarta (021) 3803320 (021) 3151787
Tanah Abang Bukit Blok F Pusat (021) 3846171 (021) 38903406
No. 6-8,
Jl. K.H. Fahruddin,
Jakarta Pusat 10250
17 Wahid Hasyim UOB Plaza Jl. K.H. Wahid Hasyim No. 89, 0391 - Jakarta (021) 29276200 (021) 29276400
Gondangdia, Menteng, Pusat
Kota Jakarta Pusat 10350
18 Metro Tanah UOB Plaza Pusat Grosir Metro Tanah Abang 0391 - Jakarta (021) 30036023 (021) 30036026
Abang Banking Center Lantai 7 Pusat (021) 30036024
Unit No.1, (021) 30036025
Jl. K.H. Wahid Hasyim
No. 187-189, Tanah Abang,
Jakarta Pusat 10250
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Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
19 Setiabudi JKT UOB Plaza Setiabudi Atrium Building Lantai 0394 - Jakarta (021) 5210035 (021) 521 0036
1 Suite 101 AA, Selatan
Jl. H.R. Rasuna Said Kav.62,
Kel. Karet Kuningan,
Kec. Setiabudi,
Jakarta Selatan 12920
20 PIK Boulevard Kelapa Gading Graha Indochem, Lantai 0392 - Jakarta (021) 29210600 (021) 29210601
Basement & Lantai Dasar, Utara
Jl. Pantai Indah Kapuk
Boulevard Kav. SSB/E,
Kel. Kamal Muara,
Kec. Penjaringan,
Jakarta Utara, 14470
21 Kelapa Gading Kelapa Gading Jl. Raya Boulevard 0392 - Jakarta (021) 4531069–70 (021) 45841059
Boulevard Blok FW I No. 18, Utara
Kelapa Gading Boulevard,
Kelapa Gading,
Jakarta Utara 14240
22 Sunter Agung Kelapa Jl. Danau Sunter Agung Utara 0392 - Jakarta (021) 6451120-21 (021) 6453821
Gading Blok D 1 No. 6 B, Utara (021) 65833281-82
Sunter Agung, Jakarta Utara
14350
23 Bekasi Selatan Kelapa Gading Jl. Achmad Yani Kav. A4 Bekasi (021) 88965891-93 (021) 88965890
No. 7, Ruko Kalimalang (021) 8853521
Commercial Centre,
Desa Kayuringin, Bekasi 17144
24 Cikarang Kelapa Komplek Ruko Cikarang 0198 - Kota (021) 89835725 (021) 89835724
Gading Commercial Bekasi (021) 89835726
Center, Blok B1 No. 23, (021) 89835727
Jl. Raya Cikarang Cibarusah
Km. 40 No.1, Kel. Pasir Sari,
Kec. Cikarang Selatan,
Bekasi 17550
25 Kelapa Gading Kelapa Gading Jl. Boulevard Raya Blok DG 0392 - Jakarta (021) 4527582 (021) 4527583
Boulevard Raya No. 2, Kel. Kelapa Gading Timur, Utara
Kelapa Gading 14240
26 Green Ville Green Garden Komplek Pertokoan Green Ville 0393 - Jakarta (021) 56957883-84 (021) 56957902
Blok BG No. 14-15, Barat (021) 56957895
Kel. Duri Kepa, (021) 56957897
Kec. Kebon Jeruk,
Jakarta Barat 11510
27 Cengkareng Green Garden Komplek Taman Palem Lestari 0393 - Jakarta (021) 55957447 (021) 55957446
Blok D 10 No.1, Barat (021) 55957448
Cengkareng Barat, (021) 55957449
Jakarta Barat 11730
28 Tangerang Green Garden Jl. Ki Asnawi No. 64 C-D, 0292 - Kota (021) 5523081- (021) 5523082
Kel. Sukasari, Tangerang 83-84
Kec. Tangerang, (021) 55799082-83
Kota Tangerang 15111
29 Duta Mas Green Garden Komplek Perumahan Taman 0393 - Jakarta (021) 5648262 (021) 5649464
Duta Mas, Blok D8 No. 1, Barat (021) 5649550
Kec. Grogol Petamburan,
Jakarta Barat 11460
30 Teluk Gong Green Garden Kompleks Duta Harapan Indah 0392 - Jakarta (021) 6617577 – 78 (021) 6612279
Blok G No. 10, Utara (021) 6622957
Jl. Kapuk Muara,
Kel. Kapuk Muara,
Kec. Penjaringan,
Jakarta Utara 14460
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Chapter .03
Company Profile
Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
31 BSD Golden Green Garden Ruko BSD Golden Boulevard, 0292 - (021) 53160680 (021) 53153087
Blok C No. 6, Tangerang (021) 53160681
Jl. Pahlawan Seribu, Selatan (021) 53153168
Kel. Buaran Lengkong Karya, (021) 53153169
Kec. Serpong,
Tangerang, Banten 15322
32 Tanjung Duren Green Garden Jl. Tanjung Duren Raya 0393 - Jakarta (021) 5642027 (021) 5685079
Blok N No. 352 RT.007/RW.03, Barat (021) 5673950
Kel. Tanjung Duren Utara, (021) 56969082
Kec. Grogol Petamburan 11470
33 Puri Kencana Green Garden Grand Puri Kencana, 0393 - Jakarta (021) 5823602 (021) 5819222
Jl. Puri Kencana Barat (021) 5823603
Blok K7/2A, (021) 5823604
Kel. Kembangan Selatan, (021) 5823605
Kec. Kembangan 11610
34 Citra Garden 2 Green Garden Komplek Rukan Citra Niaga, 0393 - Jakarta (021) 54377025-31 (021) 54374621
Blok A No. 3, Jl. Utan Jati, Barat
Kel. Pegadungan,
Kec. Kalideres 10750
35 Kebon Jeruk Green Garden Gedung Graha Kencana, 0393 - Jakarta (021) 5350638 (021) 5350639
Lantai 1, Jl. Raya Pejuangan Barat
No.88, Kebon Jeruk 11530
36 Gading Serpong Green Garden Ruko Graha Boulevard 0292 - Kota (021) 29001081 (021) 29001071
Blok GBVC / 002, Tangerang
Jl. Boulevard Gading Serpong,
Kel. Curug, Kec. Kelapa Dua,
Tangerang, Banten 15810
37 Permata Hijau Radio Dalam Grand ITC Permata Hijau – 0394 – Jakarta (021) 53663111 (021) 53663222
Emerald No. 10, Letjen Soepeno Selatan (021) 53664376
(Arteri Permata Hijau),
Kel. Grogol Utara,
Kec. Kebayoran Lama,
Jakarta Selatan 12210
38 Pondok Indah Radio Dalam Jl. Metro Pondok Indah Sektor II, 0394 - Jakarta (021) 75906165 (021) 75900185
Blok UA Kav.46-47, Selatan (021) 75900178
Jakarta Selatan 12310
39 Pondok Indah 2 Radio Dalam Jl. Metro Pondok Indah 0394 - Jakarta (021) 7662933
Kav. II/BA No.1 Pondok Indah Selatan
Jakarta Selatan
40 Fatmawati Radio Dalam Jl. Fatmawati Raya No. 1, 0394 - Jakarta (021) 7504770 (021) 7661333
RT.001/RW.04, Selatan (021) 7664823
Kel. Gandaria Selatan, (021) 7661367
Kec. Cilandak,
Jakarta Selatan 12410
41 Panglima Radio Dalam Jl. Panglima Polim Raya 0394 - Jakarta (021) 7251603 (021) 7222187
Polim No. 18A, B, C, Kel. Pulo, Selatan (021) 7202668
Kec. Kebayoran Baru, (021) 7251655
Jakarta Selatan 12160
42 Wolter Monginsidi Radio Dalam Gedung One Wolter Place, 0394 - Jakarta (021) 72786262 (021) 7394880
Jl. Wolter Monginsidi Selatan
No. 63 B, Kel. Rawa Barat,
Kec. Kebayoran Baru,
Jakarta Selatan 12180
43 Bintaro Sektor 3A Radio Dalam Rukan Bintaro Blok A.6 0204 - (021) 7362898 (021) 7362897
(Rukan depan Bintaro Plaza), Tangerang Selatan
Sektor 3A, Kel. Pondok Karya,
Kec. Pondok Aren, Kota
Tangerang Selatan 15225
44 Kemang Radio Dalam Jl. Kemang Raya No. 24 A, 0394 - Jakarta (021) 71794084 (021) 71794083
Kel. Bangka, Kec. Mampang Selatan (021) 71794085
Prapatan 12730 (021) 71794086
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Building the Future of ASEAN
Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
45 Cilegon Serang Jl. Jend. Ahmad Yani No. 6, 0291 - Kota (0254) 391033 (0254) 391151
Sukmajaya, Cilegon (0254) 391034
Kec. Jombang, Cilegon 42411 (0254) 392057
46 Plaza Oleos Radio Dalam Gedung Plaza Oleos, 0394 - Jakarta (021) 22780125 (021) 22780117
Lantai Dasar Unit B1 & B2, Selatan
Jl. TB. Simatupang Kav. 53 A,
Kel. Kebagusan,
Kec. Pasar Minggu 12520
47 Cibubur Bogor Ruko Cibubur Times Square 0198 - Kota (021) 84592489 (021) 84597922
Blok B-1 No.11 & 12, Bekasi (021) 84302667
Jl. Alternatif Cibubur KM 3,
Kel. Jatikarya,
Kec. Jatisampurna,
Kota Bekasi 17435
48 Asia Medan Jl. Asia No. 132/172, Medan, 3396 - Kota (061) 7368623 (061) 7368932
Kel. Sei Rengas I, Medan (061) 7368653
Kec. Medan Kota, Medan 20214
49 Cemara Asri Medan Jl. Cemara Asri Boulevard, 3396 - Kota Medan (061) 66936911 (061) 66933132
Blok A No.58,
Kec. Percut Sei Tuan,
Kab. Deli Serdan 20371
50 Medan Djuanda Medan Jl. Ir. H. Djuanda No. 20i, 3396 - Kota Medan (061) 88815959 (061) 42003822
Kel. Sukadamai,
Kec. Medan Polonia,
Medan, 20157
51 Medan Imam Medan Jl. Imam Bonjol No. 23 Medan 3396 - Kota Medan (061) 44025018
Bonjol
52 Dempo Palembang Jl. Mayor HM Rasyad Nawawi, 3691 - Kota (0711) 5734695 (0711) 369657
Ruko Blok A1 Palembang
No. 500 dan Blok A2 No. 501,
Palembang
53 Bayfront Batam Menara Aria Harbour Bay, 3892 - Kota Batam (0778) 4883120 (0778) 4883379
Lantai Dasar,
Jl. Duyung, Kel. Sungai Jodoh,
Kec. Batu Ampar,
Kota Batam 29453
54 Grand Niaga Mas Batam Komplek Grand Niaga Mas 3892 - Kota Batam (0778) 4161676 (0778) 4170105
Blok A No. 3, Batam Centre,
Kelurahan Belian,
Kec. Batam Kota,
Kota Batam 29464
55 Achmad Yani Bandung Jl. Jend. Achmad Yani No. 235, 0191 - Kota (022) 7204952 (022) 7205551
Bandung Bandung
56 Kopo Bandung Jl. Kopo No. 91, Situsaeur, 0191 - Kota (022) 5230030 (022) 5204784
Bojongloa Kidul, Bandung (022) 5204784 (022) 5227177
Kota Bandung
57 Buah Batu Bandung Ruko Buah Batu No.146 A, 0191 - Kota (022) 7315139 (022) 7315193
Jl. Buah Batu No.1, Bandung
Kel. Cijagra, Kec. Lengkong
58 Pasir Kaliki Bandung Jl. Pasir Kaliki No. 161, 0191 - Kota (022) 6017027 (022) 3044520
Pamoyanan, Cicendo, Bandung
Kota Bandung
59 Asia Afrika Bandung Jl. Asia Afrika No. 137 0191 - Kota (022) 63196022
Bandung Bandung
60 Dago Bandung Jl. Ir. H. Juanda No.43 (Dago), 0191 - Kota (022) 4261175 (022) 4267885
Tamansari, Bandung Wetan, Bandung (022) 4261191
Kota Bandung
Annual Report 2023 | PT Bank UOB Indonesia 73
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Chapter .03
Company Profile
Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
61 Siliwangi Semarang Jl. Jend. Sudirman No. 131, 0991 - Kota (024) 7608791 (024) 7608623
Salamanmloyo, Semarang
Semarang Barat,
Kota Semarang
62 Majapahit Semarang Jl. Brigjend. Sudirato 106, 0991 - Kota (024) 6723762 (024) 6723761
Pandean Lamper, Gayamsari, Semarang
Kota Semarang
63 Salatiga Semarang Jl. Jend. Sudirman No.188, 0992 - Kota (0298) 322027 (0298) 326032
Kalicacing, Sidomukti, Salatiga
Kota Salatiga
64 Gang Tengah Semarang Jl. Gang Tengah No. 16, 0991 - Kota (024) 3561800 (024) 3561700
Kranggan, Semarang Tengah, Semarang
Kota Semarang
65 Mataram Semarang Ruko Plaza Blok A No. 8 A, 0991 - Kota (024) 3560033 (024) 3560462
Jl. MT Haryono, Dadapsari, Semarang (024) 3560461
Semarang Utara, (024) 3584007
Kota Semarang
66 Pahlawan Semarang Jl. Pahlawan No. 5 Semarang 0991 - Kota (024) 35318000
Semarang
67 Kratonan Solo Jl. Yos Sudarso No. 246 0996 - Kota (0271) 652626 (0271) 655622
Surakarta/Solo (0271) 654343
68 Pasar Legi Solo Jl. Letjen. S. Parman No.83, 0996 - Kota (0271) 666536 (0271) 641177
Kel. Kestalan, Kec. Banjarsari, Surakarta/Solo
Kotamadya Surakarta,
Jawa Tengah
69 Sragen Solo Jl. Raya Sukowati No. 194, 0996 - Kab. (0271) 891276 (0271) 891276
Sragen, Kel. Sragen Kulon, Sragen (0271) 891250
Kec. Sragen, Kab. Sragen,
Jawa Tengah
70 Temanggung Magelang JL. KS. Tubun No. 1, 0919 - Kab. (0293) 491555 (0293) 491155
Kel. Temanggung I, Temanggung
Kec. Temanggung
71 Brigjend Yogyakarta Jl. Brigjend. Katamso 0591 - Kota (0274) 384193 (0274) 378569
Katamso No. 278 (lama 280), Keparakan, Yogyakarta (0274) 415732
Mergangsan, Kota Yogyakarta
72 Kricak Yogyakarta Jl. Magelang No. 81, 0591 - Kota (0274) 553385 (0274) 563672
Kricak, Tegalrejo, Yogyakarta
Kota Yogyakarta
73 Coklat Surabaya Jl. Coklat No. 12 – 14, 1291 - Kota (031) 3526784 (031) 3523332
Bongkaran, Surabaya (031) 3530966
Pabean Cantian, Surabaya
74 Perak Timur Surabaya Ruko Tanjung Perak, 1291 - Kota (031) 3550318 (031) 3550314
Jl. Perak Timur No. 42, Surabaya
Kel. Perak Timur,
Kec. Pabean Cantian
75 Kedungdoro Surabaya Jl. Kedungdoro 155 D, 1291 - Kota (031) 5321365 (031) 5471442
Tegalsari, Surabaya Surabaya (031) 5322451
76 Kapas Surabaya Jl. Kapas Krampung 55 B, 1291 - Kota (031) 3727910 (031) 3715633
Krampung Rangkah, Tambaksari, Surabaya (031) 3718281
Surabaya (031) 3769292
77 Rungkut Surabaya Jl. Rungkut Kidul Industri 1291 - Kota (031) 8418271 (031) 8414517
No. 62, Rungkut Kidul, Rungkut, Surabaya (031) 8419272
Surabaya
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Building the Future of ASEAN
Operational Area and Market Served [C.3]
No. Office Name Main Branch Address Dati II Telephone Facsimile
78 Raden Saleh Surabaya Jl. Raden Saleh No. 8-A, 1291 - Kota (031) 5359970 (031) 5355964
Kel. Bubutan, Surabaya (031) 5359971
Kec. Bubutan, Kota Surabaya (031) 5359974
(031) 5359963
79 MERR Surabaya Jl. Dr. Ir. H. Soekarno Kav.R-3, 1291 - Kota (031) 5925585 (031) 5929072
Komp. Ruko Icon 21, MERR, Surabaya
Kel. Klampis Ngasem,
Kec. Sukolilo, Surabaya
80 Margorejo Surabaya Jl. Raya Margorejo Indah A-802 1291 - Kota (031) 99847388 (031) 99847393
Kav. 01, RT 001 RW 008 Surabaya
Kel. Margorejo,
Kec. Wonocolo, Surabaya
81 Bumi Mandiri Surabaya Gedung Bumi Mandiri 1291 - Kota (031) 35979018
Tower II Surabaya
Jl. Panglima Sudirman
No.66 – 68 Surabaya
82 Teuku Umar Denpasar Kompleks Graha Mahkota, 7291 - Kota (0361) 2108022
Blok B-1, B-2, B-3 Denpasar
Jl. Teuku Umar 208-210,
Denpasar, Bali
83 Gatot Subroto Denpasar Jl. Gatot Subroto No. 100 X, 7291 - Kota (0361) 7450714 (0361) 248826
Kav. 10, Denpasar Utara, Denpasar (0361) 7450175
Denpasar (0361) 7427697
84 Mojokerto Jombang Jl. Mojopahit 55-57, Mergelo, 1292 - Kota (0321) 322291 (0321) 322719
Sentanan, Magersari, Mojokerto (0321) 322816
Kota Mojokerto
85 Sidoarjo Surabaya Jl. Jend. Achmad Yani 40 J, 1202 - Kab. (031) 8941836 (031) 8941047
Bukit Darmo Sidoarjo Sidoarjo (031) 8941046
86 Mayjend. Surabaya Bukit Jl. Mayjend. Sungkono 1291 - Kota (031) 99531299 (031) 99535250
Sungkono Darmo No.142-143, Blok A16, Surabaya
Kel. Gunungsari,
Kec. Dukuh Pakis, Surabaya
87 Gresik Surabaya Jl. Usman Sadar No. 84, 1201 - Kab. (031) 3990053 (031) 3990054
Bukit Darmo Sukorame, Kemuteran, Gresik (031) 3972145
Kec. Gresik, Kabupaten Gresik
88 Panakkukang Makassar Jl. Pengayoman No. 48, 6191 - Kota (0411) 421921 (0411) 458260
Pandang, Panakkukang, Makassar (0411) 433017
Kota Makassar
89 Pakuwon City Surabaya Jl. Pakuwon Boulevard II, 1291 - Kota (031) 5957279 (031) 59175371
Manyar East Coast Ruko Patoz AA2 Surabaya (031) 59175614
Kertoarjo No. 52, Pakuwon City, (031) 59175179
Kel. Kejawan Putih Tambak, (031) 59172654
Kec. Mulyorejo, Kota Surabaya
Annual Report 2023 | PT Bank UOB Indonesia 75
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Chapter .03
.04
Management
Company Profile
Discussion and Analysis
Chapter .04
Management
Discussion and
Analysis
78 2023 Macroeconomic Overview
80 Business Overview
99 Human Resources
Information Technology and
106
Operational
109 Financial Review
76 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN Annual Report 2023 | PT Bank UOB Indonesia 77
Page 80
Chapter .04
Management Discussion and Analysis
2023 Macroeconomic Review
Global Economy prices also affected export performance, which grew
The global economy was still mired by multi-dimensional slower at 1.3 per cent in 2023 compared to 16.2 per
challenges as 2023 drew to an end. After supply-side cent in 2022.
constraints relatively eased in 2022, rising geopolitical
tensions once again created upside risks to inflation. Nonetheless, the government’s consistency in improving
This derailed the declining course of interest rates and the investment climate, supported by deregulation
weighed down on global economic prospects. As such, to improve competitiveness and licensing efficiency
sustained tightening in monetary policy coupled with succeeded in encouraging higher investments in 2023.
subsiding impacts from expansionary fiscal stimulus In addition, the government’s fiscal stimulus measures,
post-pandemic led to stagnating growth in many especially to encourage investments in priority sectors,
economies. also supported economic growth in 2023.
Global economic growth dropped from 3.4 per cent in The government’s efforts to expand downstream
2022 to 2.9 per cent in 2023 and is forecast to remain in industries also succeeded in attracting investments in
the sub-three per cent growth this year. This slowdown the manufacturing, transportation, energy, construction
was mainly driven by muted growth in developed and telecommunications sectors, creating more than
countries. The European economies grew by 0.5 per 1.8 million jobs in 2023. The improvement in investment
cent in 2023, a significant decline from the 3.5 per cent and employment resulted in the expansion of upper
growth in 2022. middle class and strong domestic consumption.
Meanwhile, the lower middle class was under pressure
China’s economy in 2023 remained under pressure due due to high inflation in food prices.
to the property sector correction and weaker domestic
demand, as reflected in its annual core inflation at 0.7 Bank Indonesia’s (BI) monetary policy tightening
per cent. Nonetheless, China’s economy surpassed in 2023 managed to keep the rupiah stable. As a
consensus and China government’s target, and grew result of high interest rates, household consumption
by 5.2 per cent in 2023, exceeding the growth of 3 per experienced slower growth. However, the government’s
cent in 2022, on the back of accelerated government fiscal stimulus through the acceleration of the social
spending. safety budget and pre-election impact offset the
weakening domestic consumption and sustained a
Separately, some encouraging developments were positive trajectory for economic growth in 2023.
seen in the US economy, where it registered 2.5
per cent growth in 2023, an improvement from 2.1 2023 Banking Industry Review
per cent in 2022 on the back of strong domestic The national banking industry continued to record
consumption, higher inventories, exports, investment, relatively stable growth in lending activities, total
and government spending. assets, third party funds and capital adequacy ratio
(CAR) despite the challenging macroenvironment.
Global economic uncertainty and rising geopolitical Total banking loans for retail and corporate segments
tensions, along with China’s economic slowdown, have grew by a healthy 10.4 per cent, albeit slower growth
weakened international trade activities. Meanwhile, compared to 11.4 per cent in 2022. This was due to
persistent high inflation of 6.8 per cent in 2023 also price normalisation of several primary commodities,
triggered interest rate hikes to the highest levels in particularly coal and palm oil, as well as higher interest
major economies. These factors have contributed to rates that triggered weaker consumption.
the slower growth in 2023.
Third-party funds increased by 3.7 per cent to IDR8,458
Indonesian Economy trillion from IDR8,154 trillion in 2022. Liquidity remained
Indonesia’s economy maintained its strong growth amid healthy despite loan to deposit ratio rising to 83.8
various challenges during 2023. Indonesia’s economy per cent from 78.7 per cent in 2022. Capital profile
in 2023 grew by 5.1 per cent, lower as compared to 5.3 remained robust with a capital adequacy ratio of 27.7
per cent growth in 2022. The slowdown was attributed per cent, up from 25.7 per cent in 2022. Non-performing
to the weakening of private consumption due to high loan ratio remained benign at around 2.2 per cent,
inflationary pressures that also pushed interest rates down from 2.4 per cent in 2022. The data pointed to a
upward. In addition, the normalisation of commodity resilient Indonesian banking industry amid a globally
78 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
2023 Macroeconomic Review
challenging economic environment and less conducive Indonesia’s banking industry is expected to remain
domestic economic conditions. resilient in terms of capital, lending, and liquidity.
The digital economy is also predicted to continue
The banking industry registered a return on assets to post a strong growth with the value of digital
ratio of 2.7 per cent as of December 2023, supported by banking transactions projected to increase by 9.1 per
NIM at around 4.8 per cent, an improvement from 4.7 cent in 2024, while electronic money transactions are
per cent in the previous year. This resulted in national projected to increase by 25.8 per cent year on year.
banks recording higher pre-tax profits of IDR304.4
trillion, up 20.6 per cent from IDR252.5 trillion in 2022. BI is expected to continue embarking on sound
With operational costs under control, the ratio of monetary and macroprudential policies in 2024
operational costs to operational income also improved to support the steady prospects of the Indonesian
from 78.7 per cent to 78.9 per cent in December 2023. economy. To anchor stability, BI is expected to maintain
policy rates at 6.0 per cent in 2024 for several reasons.
One area that showed significant progress is digital Firstly, uncertainty remained over monetary policy in
transactions, where transaction volumes grew rapidly developed countries, especially the Fed, on the timing
in line with increasing consumer preferences for of interest rate cuts in the United States this year.
e-commerce, as well as digital payments and digital Secondly, pressure in Indonesia’s financial markets due
banking. The value of digital banking transactions to global uncertainty and rising geopolitical tensions
in 2023 grew 13.5 per cent year on year, reaching have sparked some flight to quality assets, which have
IDR58,478.2 trillion, from IDR52,545.8 trillion in 2022. partially contributed to the recent depreciation in the
Correspondingly, the value of transactions through rupiah.
electronic money increased 43.5 per cent year on year
with a value of IDR835.8 trillion. Supported by policy synergy between the authorities,
the financial sector, and the business world, lending
2024 Prospect growth in 2024 is projected at 10 to 12 per cent, higher
In 2024, the global and domestic economy is expected than 2023 growth at 10.4 per cent year on year.
to remain plagued by the risk of a deceleration driven
by higher-for-longer monetary policy tightness in many
countries amid still-uncertain and volatile inflationary
pressures. Other factors include continued geopolitical
tensions in the Middle East that trigger global supply
chain disruptions, the hosting of elections in more
than 50 countries in the world that may bring about
new policies, and other challenges from geopolitical
condition between the United States and China.
The IMF in its January 2024 report forecasts global
economic growth in 2024 at around 3.1 per cent,
around the same level as the projected economic
growth in 2023.
The resilience of the Indonesian economy will likely
remain intact despite global challenges. 2024 should
offer bright spots for the country on the back of
improving domestic consumption, higher demand and
commodity prices, as well as higher investment targets
in light of political stability after the February 2024
general elections. The government and BI forecast
domestic economic growth in 2024 to be in the range
of 5.1 to 5.2 per cent, relatively stable compared to
growth in 2023.
Annual Report 2023 | PT Bank UOB Indonesia 79
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Chapter .04
Management Discussion and Analysis
Business Overview
Consumer Banking We managed to book 100.6 per cent growth in assets
The Bank successfully completed the integration under management (AUM) in 2023, while the number
process of Citibank’s consumer banking business, of wealth customers increased 58.6 per cent compared
increasing the number of our wealth and mass market to 2022.
customers. With our omni-channel approach, UOB
Indonesia aims to assist retail banking customers Deposit Products
in reaching their financial goals. Our solutions Our deposit products range from simple savings
encompass a wide range of needs, lifestyles, and life accounts to higher interest-yielding products, such one-
stages, and include deposit, insurance, loan (secured account that accrues bonus interest when combined
and unsecured), treasury, investment, and wealth with other banking transactions.
advisory services.
The Bank’s Current Accounts and Savings Accounts
(CASA) reached IDR60.8 trillion with total deposits of
Income and Profitability IDR 118.9 trillion. To further strengthen our funding, we
In 2023, Consumer Banking recorded a total income
will continue to expand our deposit product offering
of IDR2,098 billion, an increase of 22 per cent from
and roll out more programmes and initiatives.
IDR1,718 billion in 2022. This was due to our strategy
in strengthening deposits, loans, credit cards and
wealth advisory capabilities, while staying focused on Home Ownership Credit and Loans
delivering our personalisation proposition, providing with Collateral or Secured Product &
financial solutions and experiences suited to each
Sales (SPS)
customer.
We provide competitive and affordable housing loan
solutions for customers via a simple process. Our
Personal Financial Services UOB HOME solution offers Housing Loan/Apartment
Ownership Loan, featuring low down payments,
Wealth Management Solutions competitive rates, and repayment tenure of up to 360
We serve an extensive range of products to meet the months installments, with an easy approval processes.
needs of our customers in growing their wealth. These
products comprise mutual funds, in both open-end Strategies and Performance in 2023
and closed-end funds, structured products, and bonds, In 2023, amid intense market competition, we
which include primary retail bonds, government bonds, supported our customers by providing competitive
and corporate secondary bonds. Our retail customers pricing on our products. We also beefed up our
have access to a variety of bancassurance products, policies and partnerships to enhance the quality of our
including unit links and other forms of life insurance, portfolio, focusing on housing loans for:
such as endowment. 1. Primary and secondary property within the well
established residential area (WERA); and
Our Wealth Management Advisory team, comprised 2. Salaried customer segment.
of product specialists and research analysts, provides
comprehensive investment insights and up-to-date We achieved our priorities of growing our portfolio and
market information to our customers. Our strategy improving the asset quality by:
prioritises a Risk-First Approach by assessing and • increasing new loans for primary and secondary
communicating the risks associated with an investment homes from developers and property agents;
product to customers. This enables them to make • expanding partnerships with developers to open
informed decisions about seizing market opportunities more primary businesses;
based on their risk tolerance and financial capacity. • enhancing sales teams’ productivity through:
Furthermore, we analyse the potential risks associated - training programmes to improve capabilities;
with investment instruments and recommend a and
combination of balanced, long-term investments and - performance management system to monitor
short-term, strategic ones that ensure the achievement sales team achievements;
of customers’ financial goals.
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Building the Future of ASEAN
Business Overview
• reducing NPL with a prudent risk management
applied on acquiring new credit, credit guarantees,
portfolio monitoring, and collection/settlement of
problem loans and debts sales; and
• achieving better credit monitoring in 2023
compared to 2022.
Our net interest margin decreased year-to-year,
attributed to rising interest rates at both macro and
microeconomic levels. These increases which were not
aligned with the stable mortgage market conditions.
Priorities for 2024
In 2024, we will:
• continue our focus on providing housing loans for
WERA’s primary and secondary properties as well
as the salaried customer segment which showed
better loan performance;
• explore new product ownership and cross-sell to
customers from the Bank’s other segments; and
• improve the digital ecosystem and our presence
through online brokers, aggregators, and property
portals, and strengthening business relationships
with leading property developers and agents to
provide relevant digital solutions for customers;
and
• stay relevant in market terms of pricing, policies,
products, and partnerships.
Annual Report 2023 | PT Bank UOB Indonesia 81
Page 84
Chapter .04
Management Discussion and Analysis
Business Overview
Credit Cards and Payments
With the wide selection of credit cards we offer, we have a credit card for everyone, providing each customer
with benefits and rewards that are tailored to their different needs and lifestyles.
UOB INFINITE CARD
High Net Worth Individuals
• One airline mile for every IDR7,500 spent (local and overseas spend)
• One complimentary night for four-night stays up to five times per year
• Complimentary airport transfers up to 5 times per year
• Complimentary airport lounge access up to 5 times per year
• Travel insurance up to IDR25 billion
#Experience Privileges That
Are Infinitely Yours
PRIVIMILES CARD
Affluent Travellers
• One airline mile for every local spend of IDR8,750 or overseas spend of
IDR5,000
• Complimentary Visa Signature concierge service
• Complimentary travel insurance of up to IDR25 billion
#Your PRIVI Partner in Miles
UOB PREFERRED CARD
Mass Affluent
• Three times reward points for fashion purchases or purchases at
department stores, restaurants, both at home and abroad
• One reward point for every retail purchase worth IDR1,000
#Your Preferred Rewards,
Unlocked
UOB LADY’S CARD
Ladies
• Lady’s Day
Discounts of up to 50 per cent at selected hairdressers (on Wednesdays)
• Lady’s Reward
Three times reward points for shopping at supermarkets, online
shopping, department stores, and fashion boutiques
#Lady Wants, Lady Gets • 0% Luxe Pay
Zero per cent installments for three and six months for purchases at
fashion boutiques
• Lady’s Moment
Exclusive access to special events such as designer fashion shows,
masterclasses with celebrity chefs, beauty classes and more
82 Annual Report 2023 | PT Bank UOB Indonesia
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UOB ONE CARD TMRW Credit Card
Young Families The Digital Generation
• Cashback of up to five per • Up to six per cent cashback
cent for selected categories
• Zero per cent installments for • Flexible installment
education up to six months payments
• Complimentary accident • Credit card limit control
insurance of up to IDR600 • Online card service
million, valid for cardholder
and immediate family
(spouse and two children)
#It takes ONE for #It takes ONE for
your loved ones your loved ones
UOB YOLO CARD
Millennials
• Yoloyalty balance awarded for every five transactions, with minimum
spend of IDR100,000 per month. Redeem e-vouchers, e-money top-up and
cinema tickets with Yoloyalty balance
• Yolo-travelling - Zero per cent installments for three and six months for
hotel and travel transactions
#Better YOLO than LATER •
GARUDA INDONESIA
UOB CARD Affluent Travellers
• Complimentary additional baggage limit of up to 20kg
• Dedicated check-in counter
• 10 per cent discount awards on miles
• 12,500 Garuda Miles bonus + cashback worth IDR500,000
• Zero per cent installments for three months
• Three times miles per IDR20,000 spend with Garuda Indonesia
#From Shops to Skies • Two times miles per IDR20,000 spend for transactions at other retail stores
UOB TELKOMSEL
Mass Market
• Buy one get two promo at Cinema XXI theaters
• Complimentary roaming package to ASEAN countries, Asia, United States
and United Kingdom
• One UOB point for every retail spend of IDR2,000
• Three times UOB points for Telkomsel Halo, dining, fashion, department
#Lifestyle Connected stores, foreign transactions and Cinema XXI bill payment transactions
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Credit Cards and Payments
UOB GPN Debit Card
Mass Market
• Cash withdrawal at all Automated Teller Machine (ATM) with the Visa/
Plus, Prima, ATM Bersama logos throughout the world
• Retail transactions at domestic merchants
UOB Visa Debit Card Reguler
Mass Market
• Cash withdrawal at all ATMs with the Visa/Plus, Prima, ATM Bersama
logos throughout the world
• Cash withdrawals at UOB’s ATMs across the region free of charge
• Payment of credit card bills, electricity bills, and other necessities via
UOB ATM
• Safe and easy transactions with contactless features all over the world
UOB Visa Debit Card
Wealth Banking Wealth Banking customers
• Cash withdrawals at all ATMs with the Visa/Plus, Prima, ATM Bersama
logo throughout the world
• Cash withdrawals at UOB’s ATMs across the region free of charge
• Payment of credit card bills, electricity bills, and other necessities via
UOB ATM
• Safe and easy transactions with contactless features all over the world
• Safe deposit box facility at special rates
• Educational consulting services with partner educational consultant
UOB Visa Debit Card
Privilege Banking Privilege Banking Customers
• Cash withdrawals at all ATMs with the Visa/Plus, Prima, ATM Bersama
logo throughout the world
• Payment of credit card bills, electricity bills, and other necessities via
UOB ATM
• Safe and easy transactions with Contactless Features worldwide
• Access to Privilege Banking Centre with executive services
• Free reserved parking at UOB Indonesia branches
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Strategies and performance in 2023 tolerance. This approach not only facilitates the growth
1. Strengthened value propositions for nine main of their wealth, but also ensure banking solutions are
credit cards – UOB Infinite Card, UOB PRIVI Miles tailored to their needs and aspirations.
Card, UOB Preferred Card, UOB Lady’s Card,
UOB One Card, UOB YOLO Card, TMRW Credit Strategies in 2023
Card, contactless co-brand UOB Telkomsel, and To achieve optimised growth in 2023, we implemented
contactless co-brand Garuda Indonesia UOB Card. the following strategic initiatives:
2. Sustained marketing for debit and credit cards by • focused on growing customer base through
providing attractive programmes such as cashback, referral and acquisition programmes, partnerships,
discounts, and interest deductions to increase card marketing activities, as well as upgrading Con sumer
activation, transactions, and customer loyalty. Banking customers with total managed funds that
3. Strengthened collaboration with various partners meet the Wealth Banking segment criteria;
to enhance the value propositions for our debit and • improved portfolio quality by emphasising on
credit cards, offering benefits and rewards in areas balance top-ups and cross-sell products aligned
such as e-commerce, restaurants, health, groceries, with customer needs and risk tolerance through
ride-hailing, travel, and hotels. various banking programmes;
• increased customer engagement through product
With the enhanced value we brought to customers, penetration in the Wealth Banking segment via
total credit card transaction value increased 4.4 per cross-sell and synergy programmes; and
cent in 2023 to IDR2,280 trillion. • enhanced customer value proposition of our
products to be more relevant, comprehensive, and
Our strong performance also won us the Highest competitive.
Commercial Credit Card Volume for Regional Banks
award at the VISA Indonesia Client Forum 2023. Privilege banking
The Privilege Banking business serves individuals with
Personal Loan and CashPlus Strategy in 2024 asset-under-management of minimum of IDR1 billion.
Complementing basic bank products with personal This segment caters to high-net-worth individuals
loans and CashPlus. requiring advanced financial management services
and exclusive privileges beyond conventional banking
Wealth Banking and Privilege Banking experience.
Our Wealth Banking and Privilege Banking business
teams are committed to helping emerging and affluent Privilege Banking customers are served by dedicated
customers in planning, saving, spending and investing Client Advisor who adopts UOB’s unique Risk-First
wisely. We offer a wide range of banking, investment Approach to investments, ensuring strategies are
and protection products, including time deposits, aligned with their financial needs, priorities, and risk
current and savings accounts, and insurance. tolerance.
Wealth Banking Apart from financial advice services, Privilege Banking
Wealth Banking services are tailored for individuals customers can also enjoy various exclusive privileges
classified in the emerging affluent category with a such as access to medical concierge service, limo
total managed funds of minimum IDR100 million. An transfer service, medical check-up, safe deposit box
emerging affluent customer typically has a stable facility, gifts on birthdays and festivities, as well
income, sizable savings, and is in the early stages as access to UOB Privilege Banking Centre across
of wealth accumulation. These individuals diligently the regions. Privilege Banking provides a banking
seek out opportunities to grow their wealth through experience that harmoniously integrates financial
informed investment choices. advisory services with lifestyle benefits as our
commitment to meet customers’ unique needs and
With our unique Risk-First Approach assisted by preferences, aligned with their success and status in
dedicated Relationship Managers, we want to ensure life.
that investment strategies recommended are aligned
with our customers’ financial goals, priorities, and risk
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Strategies in 2023 at merchants by scanning with the QRIS logo.
In 2023, we implemented the following strategic Customers can also send and receive money easily
initiatives: using their mobile number or through e-mail.
• focused on growing customer base by increasing b. TMRW Savings Account - Customers can transfer
new-to-bank customers through referral and savings daily from the TMRW Everyday Account to
acquisition programmes, partners or marketing the TMRW Savings Account to get attractive interest
events, as well as by upgrading existing customers per annum. The account offers features such as
who meet the Privilege Banking criteria; autodebit, City of TMRW, a unique and gamified
• improved portfolio quality by intensifying balance saving account which customers will be able to
top-up and cross-selling products based on build up their own virtual city as they increase their
customers’ needs and risk tolerance through various savings, no minimum balance requirement, and no
banking programmes; monthly fees.
• enhanced customer stickiness to the Bank by c. TMRW Credit Card - Customers can get cashback for
increasing product penetration in the Privilege selected spending categories. TMRW Credit Card
Banking segment through cross sell and synergy holders also enjoy the flexibility to limit spending
programmes; and and cash withdrawals at ATMs. TMRW Credit Card
• elevated the customer value proposition of our also offers flexi repayment that allows customers
products to be more relevant, comprehensive and to convert their outstanding credit spending into
competitive. three, six or 12-month installments at attractive
interest rates.
2024 Priorities d. TMRW Power Saver – A term deposit product that
The strategy priorities for 2024 include: gives customers higher interest with a minimum
• intensifying the brand awareness and strengthening one-month placement. Customers can start with a
the customer communications through strategic minimum deposit of IDR8 million – just by opening
and consistent messaging via various internal an account and making a deposit via the UOB
and external platforms (e.g. eDMs, SMS, account TMRW app. Customers can choose deposit terms
reports, advertisements etc); ranging from one, three, four, five, nine, and 12
• streamlining the onboarding process for new- months. There is no penalty for early withdrawal.
to-bank Privilege Banking customers and cross- e. TMRW Pay - A new way to pay on customers’
segment customers, including customers who favourite online sites. Customers can convert spend
have migrated from Citigroup’s Consumer Banking into installment repayments, with instant approval,
business; and zero per cent interest and no fees for up to 90 days.
• strengthening engagement with Privilege Banking The last installment is waived for the first purchase
customers via various meaningful client events. by downloading UOB TMRW app. Installment
exemption is limited to IDR300,000. It comes with
UOB TMRW Digital Bank a TMRW account and a debit card for easy bill
UOB TMRW app is the Bank’s all-in-one mobile app built payments and banking needs.
around the needs of individual consumers to serve their f. Tomorrow Intelligent Assistant (TIA) - Customers
banking, financial and lifestyle needs. Leveraging the can interact with UOB 24/7 via a chatbot called
latest technologies, including proprietary in-house and TIA available on the UOB TMRW app. Built on
external Artificial Intelligence (AI)/machine learning Artificial Intelligence and Machine learning, TIA
models, we developed and rolled out new capabilities has learned more than 60 thousand common
to enhance our customers’ digital experience, making phrases and has successfully resolved 70 per cent
banking, investing and enjoying rewards simpler and of customer enquiries without human intervention.
smarter: For more complex customer enquries, UOB TMRW
can seamlessly transition to a customer service
a. TMRW Everyday Account - A savings account for executive to assist the customer within the existing
everyday payments and transfers. Customers get conversation.
to enjoy attractive interest per annum, no bank
administration fees for bill payments and transfers,
and no minimum balance requirement. Customers
can easily deposit funds via bank transfer or UOB
TMRW app. Customers can also pay digtially
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g. TMRW Auto Save - The Auto-Save feature is an • provided Wealth Portfolio view, a comprehensive
additional feature in City of TMRW that helps overview of customers’ financial health and ongoing
customers grow their savings easily. This feature investments, as well as UI/UX enhancements to
analyses customer spending and savings patterns meet required improvements in line with UOB’s new
in the TMRW Everyday Account to help them branding.
save “excess” money above customer’s average • launched Rewards+ on the UOB TMRW app as an
spending level into the City of TMRW automatically. easy way for customers to view ongoing promotions
h. UOB EZ Pay - TMRW EZ Pay by UOB is an internet and rewards. Customers can also redeem available
banking service from UOB that can be used by UOB rewards easily via the app.
customers via the website and UOB TMRW app. • Increased engagement to attract more usage
i. Smart Insights – We leverage personalised insight through various marketing campaigns both regular
cards generated by AI to anticipate and provide and seasonal.
through timely reminders, alerts and notifications • The acquisition of Citigroup’s consumer banking
catered to each customer’s unique needs and business in Indonesia offered new opportunities
proactively prompt them towards smarter spending to expand our suite of offerings and explore new
and saving habits. For instance, UOB TMRW offers features suited to these customers via the UOB
insight cards to remind customers of overdue TMRW app. We focused on features relating to
bills or predict upcoming bills, while also alerting cards and wealth management, which matched
customers if there are double charges. closely with the product holding of majority of
ex-Citi Indonesia customers who are credit card
Other services that UOB TMRW offers: holders and wealth management clients.
• Online account opening
• Account maintenance and display Performance in 2023
• Debit card and credit card services We acquired new customers via UOB TMRW, which is
• Fund transfer (BI-FAST, Real Time Online, Real-Time a 40 per cent growth from 2022. In terms of third party
Gross Settlement) and bill payments (including funds, total deposits grow by 22 per cent year on year.
e-wallet top-up) We also acquired new credit cards, bringing the total
• QR payment capability credit cards, an increase of 54 per cent compared to
• 24/7 Chatbot service for customers service 2022, while total cards grew by 13 per cent.
Strategy for 2023: UOB TMRW clocked in a stellar revenue growth of 145
In 2023, we: per cent in 2023, and generated good feedback from
• refreshed the look and name of our app to align with customers with a Net Promoter Score (NPS)* of +41.
the Group’s UOB TMRW app. The refresh expanded
the app’s funcationality and aims to eventually sync
up the offering and capabilities across the entire
region. UOB TMRW is also the main initiator of
UOB’s omni-channel approach to drive sustainable
business growth, deepen customer relationships,
and acquire individual customers.
• continued to improve and expand the scope of its
omni-channel capabilities. This has two functions:
as a digital bank that provides the necessary
services by providing important products, and as
an Omni-channel that provides services that mean
customers do not need to come to a branch office or
contact a contact center to get maximum, efficient
digitalisation, as well as a lower cost structure.
1
The NPS is an independent metric used by the industry to measure customer satisfaction level and the likelihood that customers will recommend
our products and services to others.
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UOB TMRW Digital Roadmap for 2024 Our client coverage teams in Commercial Banking and
For 2024, UOB TMRW has the following development Corporate Banking focus on serving medium and large
roadmap: corporations across seven sectors:
• continually enhance UOB TMRW UI/UX; • industrials, which consist of metal and minerals,
• Offer digital insurance and wealth services through textiles, machinery, equipment and components
the app, which allows customers to carry out unit and automotive;
trust self-service (buy, sell, transfer); • consumer goods, which include agriculture, livestock
• improve features and services for credit cards and and fishery, food and beverage, household and
loans, namely CashPlus Digital; personal care, consumer discretionary and retail
• offer foreign exchange and bond; and wholesale channels;
• onboard Personal Financial Services (PFS) products; • oil and gas;
• improve payment, billing, and transaction • construction and infrastructure;
capabilities; • telecommunications, media and technology;
• enhance state revenue/payment service features; • real estate and hospitality; and
• enhance features and services through • healthcare.
collaboration with third party APIs;
• improve fraud detection capabilities; Wholesale Banking Income and
• enhance QRIS payment capabilities including
cross-border QR services, QRIS that uses credit card Profitability
as source of fund, and QRIS serving mode; In 2023, Wholesale Banking recorded an income of
• enable E-statement for PFS and consolidation IDR4.39 trillion, representing 63.3 per cent per cent of
products; UOB Indonesia’s total income. It was higher than the
• improve of foreign products; and previous year’s income of IDR4.24 trillion.
• improve foreign currency functionality.
Income before tax expense stood at IDR2.05 trillion, an
increase of 3.3 per cent from IDR1.99 trillion in 2022.
Wholesale Banking
Wholesale Banking is committed to contributing Corporate Banking
to Indonesia’s economic growth by connecting In Corporate Banking, we offer comprehensive financial
businesses across the region, as well as supporting solutions, including cash management, short-term
investment flows along trade corridors and foreign financing, and trade solutions. Our services support
direct investment (FDI) into Indonesia. Working closely both domestic and international trade activities, cater
with various trading partners globally, we also help to to customers’ working capital needs, and to provide
facilitate the country’s export and import activities. long-term financing for capital expenditure and
business expansion. Additionaly, we offer hedging
We offer tailored products and services to companies facilities to help customers mitigate risks from volatility
and institutions, enabling them to manage their in foreign exchange rates and interest rates.
business operations, cash flow, market expansion
and capital needs better. In addition, we also provide Corporate Banking serves large corporate customers,
solutions to help our clients mitigate trade and including public companies, private companies, and
commodity risks. State-Owned Enterprises (SOEs). We focus on seven
industrial sectors that align with the national Nawacita
Our Business Banking focuses on supporting small vision, namely:
and medium-sized enterprises’ (SME) business growth, 1. Industrial that include metals and minerals,
providing financial solutions to help businesses grow agribusiness, textiles, machinery, equipment and
their revenue. Through strengthening our ecosystem components, and automotive subsectors;
by collaboration with partners, we aim to continuously 2. Consumer goods that include agriculture, livestock
innovate to provide better financial and advisory and fisheries, food and beverage, household
services to our customers. appliances and consumer goods sub-sectors.
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3. Energy and chemicals We also collaborate with Transaction Banking and
4. Construction and Infrastructure Global Markets to provide trade financing, global
5. Telecommunications, media, and technology markets products, and current accounts and savings
6. Real Estate, hospitality (selectively) and (CASA) offerings to help customers manage their
7. Healthcare working capital and liquidity.
The outstanding credit recorded a 10 per cent drop In terms of loan balances, the market segment
due to reduced utilisation and repayment of working encompasses banking industry players and business
capital loans, attributed to excess cash inflow from groups with a total credit portfolio of above 50 per
corporate customer operations and competitive cent. Our customers include consolidated companies/
market conditions. groups, business groups, family-owned businesses,
public companies, multinational companies, and group
The CASA balance exhibit a downward trend, posing relationship managers/field relationship Manager
the challenge of maintaining third-party funds from accounts.
corporate customers amid increasing corporate
actions during economic recovery and rising interest We provide lending in several sectors, including:
rates.
However, the NPL ratio improved to zero as of Types of Industry
December 2023.
1. Automotive and Spare Parts
To enhance Corporate Banking performance, we aim 2. Chemical
to expedite the deal pipeline closing of prospective 3. Construction
customers, increase the credit portfolio, focus on
4. Crude palm oil and Processing
industrial sectors with strong growth potential, and
approach customers with low utilisation of existing 5. Non-Steel Metal
credit facilities prudently. 6. Petrochemical and Plastic
7. Pulp, Paper and Paper Packaging
2024 Priorities
8. Food and Beverage
For 2024, our priorities include:
• New-to-bank (NTB) onboarding (exploring 9. Pharmaceutical
industrial park, electric vehicle supply chain
ecosystem) While portfolio growth in other sectors will still be
• encourage green loans (syndication/club deals), considered, we focus on these nine industries as we
sustainability-linked loans, transition financing possess strong sector expertise in these sectors.
• leverage ecosystems and cross-border connectivity Notably, in the petrochemical and plastic as well as
pulp, paper and paper packaging industries, lending
Commercial Banking is prioritised towards businesses supporting food and
Commercial banking provides solutions and services beverage products.
to support the growth of medium-sized corporate
customers by addressing their local and regional In the construction industry, we will focus on firms that
operating and liquidity needs. have strong relationships with large (or anchor-based)
construction companies. We will also focus on providing
Our range of offerings span cash management lending to automotive and spare part companies with
and financial supply chain management (FSCM), to electric vehicle development plans in the future, given
financing and investment banking services. To ensure the ongoing transition from combusion engines to
stable supply chains, the FSCM programme is aligned electric ones.
with customers’ needs for end-to-end working capital
management and comprehensive trade facilities.
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2023 Strategies and Performance We support these clients with our comprehensive
In 2023, we: knowledge of the Indonesian market and in-depth
• focused on financing industries that posted strong regional expertise, and fulfill their business needs by
recoveries following the COVID-19 pandemic, such offering various credit facilities and services, including
as food and beverage, distribution (wholesale conventional credit and capital market related credit
and retail), agriculture, and manufacturing and facilities. We also collaborate with non-bank financial
pharmaceuticals; institutions, raising third party funds.
• focused on increasing third-party funds through
growth of stable and low-cost CASA; We work closely with our Global Markets and
• focused on cross-selling with trade and global Transaction Banking teams to provide treasury, cash
market segment products to increase fee-based management, remittance, and trade products to
income; support all our customers’ business needs, locally
• expanded our customer base through new customer and across the region. These are in addition to the
acquisitions; insurance products, asset management, pension
• collaborated with business segments and branches funds, current account savings account, virtual account
to obtain cross-references in acquiring customers services, e-tax, and internet banking services that we
and developing new business opportunities; offer. Collectively, these solutions drive the significant
• increased collaboration with customers to get bulk of the Bank’s commission-based income.
referrals, open relationships with business partners,
their suppliers, and customers; and FIG also plays a pivotal role in maintaining good
• provided sustainable lending to customers through relationships with all correspondent banks across
the marketing of green financing products. the region, as well as in promoting the UOB franchise
through active engagement in international
In 2023, Commercial Banking recorded an increase of transactions with banks around the world.
5.0 per cent in total loans compared to the previous
year, contributing around 35.2 per cent to the Bank’s 2023 Strategies and Performance
total loan portfolio. Commercial Banking also recorded In 2023, we:
a 21.0 per cent increase in third party funds compared • Intensified business relations with debtors from
to last year. leading finance, securities and GFFS companies.
We distributed credit facilities prudently based on
2024 Priorities priority customer identification.
For 2024, we will: • Maintained steady funding growth driven by our
• leverage connectivity; diversified client base in the insurance, fund and
• explore financing potentials for the nine targeted asset management and pension fund sectors.
industries; We also developed the Bank’s funding portfolio
• emphasise FSCM – One for All; by bundling credit facilities, back-to-back loans,
• collaborate with other banks to obtain referrals to virtual account services, e-tax, BIBPlus, UOB Infinity
their business partners, suppliers and customers; and recipient bank services, as well as initial share
and offering payments for securities company clients.
• strengthen our customer base, through new
customers acquisitions. In 2023, FIG’s total third-party funding decrease 39.2
per cent from 2022 NPBT a 21.4 per cent growth year
Financial Institutions Group on year.
Financial Institutions Group (FIG) customers comprise
both local and foreign financial institutions including 2024 Priorities
banks and non-banks, various financial institutions (i.e. For 2024, FIG plans to:
securities companies, finance companies, insurance • continue increasing the funding portfolio by
companies, asset management companies, pension amassing stable funding, promoting cooperation
funds, and the public sector), as well as global with securities, insurance, asset management and
funds and financial sponsors (GFFS) that are based pension fund customers, as well as reducing cost of
domestically and abroad. funds by increasing CASA balances;
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• deepen relationships through cross-selling and exploring new opportunities with existing customers;
• increase short-term and long-term loan portfolio for reputable finance companies, securities companies and
GFFS customers through bilateral loan and loan syndications; and
• maintain a stable profit margin in line with interest rate conditions and banking system liquidity.
Business Banking
Business Banking’s long-term goal is to become the bank of choice for SMEs in Indonesia by supporting and
advancing their business growth. To help customers run their business efficiently, Business Banking provides
banking and beyond banking products and solutions for small and medium enterprises (SME) customers in
various sectors such as trade, manufacturing, food and beverages, etc.
Our goal is to foster and support the growth of customer businesses by providing funding, loan products,
investment options, and digital banking solutions tailored to their needs to customer needs. Products and services
we provide are as follows:
Category Product Type Description
Funding Product • Current and Savings Accounts • Current and Business Savings Accounts for
(CASA) customers in Rupiah and foreign currencies with
• Infinity (Internet Banking) competitive interest rates
• Transaction service • Infinity, which is UOB’s internet banking platform
that enables customers to manage business
transactions effectively
• Providing various foreign exchange products,
structured products, bancassurance, trade and
cash management products and services, cash
management
Lending products • Working capital lending • Financing facilities to help customers meet
working capital needs In addition, foreign
currency hedging and trading facilities to
support customers in export-import activities
and trading business
• Investment lending • Financing facilities for investment, purchase or
refinancing of commercial property with a term
of up to 20 years
Beyond Banking • UOB BizSmart • Digitisation of business processes that
allows customers to manage their business
comprehensively starting from sales, inventory
management, accounting, payroll and digital
payments anywhere and anytime
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2023 Strategies and Performance Transaction Banking
In 2023, many business sectors were back to their Transaction Banking has established a solid
normal operation just like before the pandemic hit. foundation in cash management, trade finance, and
The adoption of hybrid meetings with customers has financial supply chain management solutions to
emerged as a new trend, aiding us in expanding the assist corporate clients in enhancing cash flow and
reach of our product marketing efforts. The strategies optimising working capital.
we have implemented in 2023 include:
• Establishing ‘core, sustainable, and satellite cities’ Leveraging UOB Group’s regional network and
to improve the quality of our on boarding, including capabilities, we provide market-leading advisory and
increasing loan productivity, attrition, monitoring solutions to serve our clients’ value chain partners,
and NPL management; from suppliers to customers.
• Taking proactive measures for customer businesses
affected by the pandemic to enhance portfolio Cash Management
quality and reduce NPL ratio; Our cash management services are designed to provide
• Offering new life insurance and general insurance products and services for efficient cash administration,
products; payment, and fund collection to support growing
• Expanding the reach of our working capital credit, business activities. These offerings cater to diverse
including for digital platform traders and sellers; client segments, ensuring convenience and enhancing
• Collaborating with existing partners to obtain NTB competitiveness.
References aand collaborating with our ecosystem
partners to offer comprehensive solutions for SMEs. In 2023, we continued to invest in our digital delivery
channels and product capabilities. The newly-launched
Business Banking recorded an increase of 7.6 per cent UOB Infinity mobile app and digital token provide
in total income compare to last year. Business Banking greater convenience for our customers, especially those
achievements contributed contributed 13.5 per cent, who travel frequently. We also processed all domestic
13.2 per cent and 12.1 per cent to the Bank’s total transfer bulk transactions via Bank Indonesia’s BI FAST
income, loan and deposit portfolios respectively. payment method, improving transaction speed and
efficiency.
Business Banking’s funding grew considerably, increase
by 8.3 per cent from 2022. Trade Finance
We provide a wide range of trade products and
Business Banking’s loan portfolio fell 18.5 per cent year- services backed by our expertise in trade finance. We
on-year, due to the prolonged economic downturn also manage risks and share insights with our clients
in the country. We were also more selective on credit on international and domestic trade as we support
growth, focusing on quality customers which further their business growth. On top of that, we offer our
slowed down loan growth. clients continuous trade service by providing a faster
experience for Letter of Credit (LC) and Domestic
2024 Priorities Documentary Letter of Credit (Surat Kredit Berdokumen
For 2024, we are set to: Dalam Negeri/SKBDN).
• offer a beyond banking solutions ‘BizSmart’
experience in the form of digital Business banking As part of our trade digitalisation strategy, our
ecosystem to all customers in all segments; guarantee validation system, allows multiple
• collaborate with ecosystem partners to introduce beneficiaries to conveniently validate guarantees
our products to their users and acquire NTB issued by the bank and streamlining the reconciliation
customers unfamiliar with UOB for their business process.
transactions;
• collaborate with developers and property agents UOB Indonesia is committed to providing digital
to attract their customers and promote business solutions for businesses, enabling them to focus
property credit products; on revenue growth. In 2023, Transaction Banking
• increase the number of potential lending and strengthened product and service capabilities,
funding partners to increase CASA balance growth leveraging technology and UOB Group’s regional
and loan referrals. network for integrated and efficient solutions.
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a. UOB Infinity The FSCM feature on UOB Infinity will help improve
UOB Infinity, launched in November 2022, is now business efficiency by enabling secure digital
fully onboarded by our business customers, with transmission and verification of trade documents.
all active transacting customers successfully Customers can also request financing on a single
converted from BIBPlus to UOB Infinity by July 2023. platform, and gain full visibility and control of cash,
The platform incorporates BI-FAST, offering real- trade and FSCM transactions with a single login.
time domestic payments at lower fees. UOB Infinity
addresses customer concerns about real-time UOB Infinity’s new FSCM capabilities will
tracking for cross-border payments by providing also enhance and complement current cash
transparency via a simple and intuitive interface. management solutions to make it easier for
businesses to view, plan, and manage their
For both cross-border and domestic transactions, working capital throughout their trade cycles. Our
the platform offers shortcuts and widgets to assist corporate clients can also have quick access to
customers in completing their transactions faster. financing at different stages of the supply chain
Guidance is provided at each menu to ensure that ranging from pre-shipment to post-shipment
users can successfully execute their transactions. supplier finance, distributor finance and accounts
receivable purchase.
In February 2023, UOB Infinity introduced the
UOB Infinity Indonesia Mobile app and digital UOB Infinity’s FSCM enables our clients to connect
token, offering clients a mobile, secure, simple yet digitally with their upstream and downstream
powerful tool to manage their banking needs, on ecosystem trade partners, simplify management
top of the web version. Customers can use their of trade document exchanges, unlock trapped
digital tokens to activate their accounts and start cash to ease working capital, and manage the
initiating transactions the day after they complete risk of collection under one platform. With the
registration. progressive launch of these regionally consistent
capabilities across our core markets, we will be
On 23 July 2023, the Bank launched one single point able to give our regional clients greater oversight
of entry to UOB Infinity for logins and transactions. of their suppliers’ and distributors’ interactions,
With the smooth conversion to UOB Infintiy, we also FSCM financing requirements and control of both
increased our registered client count by 26 per cent their domestic and regional FSCM programs with
in 2023. us.
UOB Infinity’s BI-FAST feature has led to a c. Special Account For Forex Export Proceeds
significant increase in such transactions. As such, From Business Management And/Or Processing
we plan to add a Bulk BI-FAST menu in UOB Infinity Activities Of Natural Resources (DHE SDA)
in the first half of 2024 to help customers process The issuance of the new Government Regulation
real-time payment for payments and payroll. Number 36 of 2023, which aims to ensure and
regulate the transfer of forex export proceeds
b. UOB Infinity Financial Supply Chain Management (DHE SDA) to the Indonesian financial system,
(FSCM) requires natural resource exporters to report
UOB Indonesia launched new FSCM capabilities in their export proceeds via a system provided by
UOB Infinity in September 2023, enabling clients Bank Indonesia (called Simodis) through special
to digitalise their supply chain financing. FSCM accounts (Rekening Khusus or Reksus) that must
capabilities will enable clients to connect buyers, be opened in approved banks. Affected natural
suppliers, and distributors within their supply chain resources sectors include mining, plantation,
ecosystem, whether they be in Indonesia, across forestry, and fishery.
ASEAN, and even Greater China.
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Chapter .04
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Business Overview
Government Regulation No. 36 of 2023 also d. UOB API Services
stipulates that exporters with export values that are UOB Indonesia launched UOB API services based on
higher than USD250,000 have to make mandatory SNAP (Standard Nasional Open API Pembayaran)
DHE SDA placements into Reksus. If the export in 2023, in response to the dynamic operating
value is lower than USD250,000, the placement environment, the evolution of instant payment
is voluntarily. The mandatory DHE SDA placement landscape and industry regulatory standardisation
criteria is a minimum of 30 per cent with a holding requirements. UOB API provides a secure channel
period of minimum three months and it can be for them to conduct real-time banking services such
placed in Reksus, banking instruments, financial as accessing account information or making instant
instruments from LPEI (a financial institution owned payments without having to log in. Our range of
by government to provide export financing) and/or UOB API services have also been specially curated
instruments issued by Bank Indonesia. Following to focus on the product and service requirements
this government regulation, Bank Indonesia has that matter most to our clients by adding value to
issued Regulation of Bank Indonesia No. 7 of 2023, their day-to-day operations.
Regulation for Members of the Board of Governors
No. 4 of 2023 and Regulation for Members of the Our Payment API services enable near-instant BI-
Board of Governors No. 5 Year 2023 to support the FAST and in-house transfer payments to facilitate
operationalization of Government Regulation No. a range of transactions, including refunds, claims
36 of 2023. reimbursements, payroll, cash-outs for drivers or
riders operating in the ride hailing or food delivery
To help our exporter customers comply with the service sectors, vendor payment settlement etc.
new regulations, UOB Indonesia organised a Through our payment API, clients can initiate
Transaction Banking Experience forum where we payments to their payees in real-time via BI-FAST to
explained the details of the new regulations, and any account held with participating BI-FAST banks,
answered any questions they had. We are also allowing for more timely payment processing
committed to operationalising these provisions compared to batch payments. Payment statuses
from the Indonesian government. and fund availability will also be updated on a
near-instant basis via our Account Service API and
UOB Indonesia provides instruments to accept Credit Notification API.
exporters’ compulsory placement through our
products such as Reksus, Deposito DHE and TD Our Account Service API services enables various
Valas DHE BI. Reksus is available in both foreign informational service such as Balance Enquiry,
currencies and Rupiah, while our Deposito DHE Bank Statement, and Notifications. Through Credit
customers can receive tax incentives from the Notification API, client enable immediate alerts on
Ministry of Finance. incoming credits as soon as transactions are posted
into client’s account allowing them to incorporate
UOB Indonesia is one of a few selected banks to immediate reconciliation of those incomings in
receive deposit placement through TD Valas DHE client’s end-to-end collection process.
BI. Customers can open Rekum (Rekening Umum)
in UOB Indonesia as their operational account. With the deployment of UOB API services, we
Both Reksus and Rekum can be accessed via our continue to develop solutions and platforms that
internet banking platform, UOB Infinity, to ensure will help our clients transition seamlessly and
ease of transactions and monitoring. quickly to a cashless and paperless ecosystem,
leveraging process efficient and cost-effective
As the implementation of this regulation could pay-and-receive channels, as well as automating
impact exporters’ short-term cash flow, UOB manual processes.
Indonesia has designed a trade financing program
to mitigate this issue. Customers can request
for back-to-back IDR trade financing, using the
placed export proceeds as cash collateral and
source of repayment. In addition, UOB Indonesia
also provides foreign exchange forwards that can
be paired with the credit facility granted.
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Building the Future of ASEAN
Business Overview
e. Green Trade Finance/Sustainable Trade Finance Global Markets
UOB Indonesia is committed to supporting Our Global Markets business provides foreign
customers in incorporating environmental, social exchange (FX) and interest rate products and services
and governance (ESG) considerations into their that are tailored to meet customers’ needs such as
supply chain management. This commitment FX transactions, derivatives, structured products,
resulted in our Green and Sustainable Trade securities investment and money market transaction
Finance framework, which sets out a dynamic services. In addition, we also offer hedging, investment
selection criterion on the eligible themes, activities, solutions and currency conversion services. To ensure
and sustainability certifications to qualify green or stability in funding and a strong balance sheet, we
sustainable financing customers may be eligible for. provide support in managing the Bank’s liquidity by
ensuring prudent risk management.
This framework guides the development of
sustainable finance products (SFPs) that covers Global Markets comprises market making (trading),
documentary trade, and import and export portfolio and liquidity management, structuring, and
financing. In addition to a more competitive business management teams, alongside the sales
pricing, sustainable trade finance enhances the team at the frontline serving and engaging with
ESG governance of our customers, enabling them to customers. We have dedicated sales desk to assist
gain recognition from consumers for aligning with Corporate Banking and FIG customers, and separate
sustainable practices. commercial and retail sales desks to serve customers in
the Commercial Banking, Business Banking and Retail
Transaction Banking’s accolades in 2023 include: functions.
Triple A Treasury, Trade, Supply Chain and Risk
Management Awards 2023 Global Markets Products
Triple A Best Bank Awards: 1. FX products not only enable customers to fulfill their
1. Best Service Provider – Transaction Bank foreign currency needs but also act as a hedging
Indonesia tool for the future. These products include FX today,
2. Best Service Provider - Trade Finance Indonesia tomorrow, spot, forward, swap, par forward, and
3. Best Treasury and Working Capital – LLCS domestic non-deliverable forwards.
Indonesia 2. Derivative products offer optimal flexibility for
customers to protect their asset portfolio, manage
Triple A Solution Awards - Best Payments and exposure to interest rate risk with interest rate
Collections Solution Awards swaps, hedge against currency needs in the future
1. PT Cipta Piranti Sejahtera (CPS Soft) with different FX options, and protect cash flows
2. PT Indotruck Utama from exchange rate and interest rate fluctuations
3. PT Sany Heavy Industry Indonesia with cross currency swaps. In addition, customers
4. PT Visi Telekomunikasi Infrastruktur and PT can be insured against rising or falling interest
Permata Karya Perdana rates with interest rate caps and floors.
5. PT Astrindo Senayasa 3. Structured products are designed to allow
6. PT Bhumyamca Sekawan customers to enjoy higher profit potential than
deposit products, including premium forward
Triple A Solution Awards - Best Structured Trade deposit,UOB MaxiYield, and call spread option to
Finance Solution Awards protect against exchange rate fluctuations.
1. PT Wahana Citra Nabati 4. Securities instruments include government bonds,
2. PT Merdeka Tsingshan Indonesia corporate bonds, repo and reverse repo, which
are alternative investment instruments to diversify
Triple A Solution Awards - Best Supply Chain customer portfolios by offering regular coupon
Solution payments until maturity with potential for capital
1. PT Tiga Jaya gains.
5. Money market instruments which include interbank
The Asian Banker – The Bankers’ Choice Awards placements and borrowing for funding and liquidity
2023 purposes.
1. Banker’s Choice Awards - Best Financial
Supply Chain Management in Indonesia, UOB
Indonesia and Lenovo
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Business Overview
Strategies, Performance, and Activities in 2023 In 2023, we showed resilience amid unfavourable
Global Markets’ ambition is to become the solution economic conditions. In 2024, we will continue to
provider of choice by creating greater value for focus on growing our customer base and revenue,
customers by deepening capabilities and expertise to developing and offering more products and services to
offer a larger suite of products and solutions, including: meet our customers’ evolving needs, while effectively
• Euro-denominated Government Bonds, to expand managing risk exposure. The expansion of our product
investment options for customers; suite will cover the launch of new investment and
• Bonds Futures, as a hedging instrument to offset hedging products. Following the completion of the
future market movements that may impact the acquisition and integration of Citigroup’s consumer
Bank’s portfolio, and to protect the Bank’s portfolio banking business into UOB Indonesia, Global Markets
in both bullish and bearish market conditions; and will capitalise on the opportunities and potential
• Appointment by the Central Bank of Indonesia, available to provide relevant solutions and develop
Bank Indonesia as one of the agent banks to our retail customer base.
accommodate foreign exchange proceeds from
exports in the form of time deposits. This will be carried out in line with the Bank’s overall
strategy to produce sustainable performance
We are committed to do right by our customers improvements through increased productivity and
through market cycles. enhanced product capabilities. We also consistently
1. We actively manage customers’ risk exposures make efforts to capture business opportunities that
amid market volatility through portfolio hedging. arise from the ongoing market volatility under a
We also offer various types of government bonds prudently implemented risk management framework.
as alternative investment products for customers
with lower risk appetite. To support customers’ businesses, we will continue
2. We provide structured investment products for the good work of our “Centre of Excellence” and
customers who want higher returns than term increase collaboration between our market making,
deposits. portfolio and liquidity management, as well as sales
3. To maximise efficiency in fulfilling the needs of and structuring teams. Strengthening and maintaining
more diverse customers, we continue to improve positive partnerships with other business teams within
our products and capabilities by capitalising on the the Bank to enhance cross-selling activities will remain
MUREX treasury system. We also take on a long- imperative to our strategy. Collectively, these will enable
term approach in enhancing our risk management the Bank to boost its competitiveness in derivative and
and productivity for customers. investment products, as well as strengthen its position
as one of the main players in Indonesia’s financial
Our client franchise continues to expand through market.
intensified efforts in maximising cross-selling and
cross-referral activities, resulting in enhanced cost
efficiency and increased fee based income. In 2023,
Global Markets’ contribution to the Bank’s overall fee-
based income decreased to 33.3 per cent from 36.7 per
cent in 2022. Meanwhile, total revenue down 16.0 per
cent compared to 2022 due to less favorable market
conditions.
2024 Priorities
Global Markets is committed to becoming the
solution provider of choice for customers, helping
them achieve higher returns on investment, benefit
from diversification, and utilise alternative investment
products and derivatives for hedging purposes.
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Building the Future of ASEAN
Business Overview
Customers Effective Response to Our Customer Needs
At UOB Indonesia, we place our customers at the We take our customers’ feedback seriously and
heart of everything we do. We aim to help customers have robust procedures in place to ensure that their
meet their business, financial and lifestyle goals with concerns are addressed promptly and fairly. Our
solutions and services personalised to them, while colleagues are equipped with relevant skills through a
ensuring that every customer’s experience with us is series of trainings and workshops in order to maintain
safe, reliable and wrapped in human touch. the quality of our customer service.
Keeping Customers at the Centre For instance, our Service Development training helps
We strive to understand our customers’ different needs to deepen our front office colleagues’ soft skills so
and preferences, and offer solutions that customised that they can better understand customers’ needs
to them to help them achieve their financial ambitions. and preferences, and be equipped to offer suitable
Every decision we make is guided by our promise to products and services to help them achieve their
do right by our customers. To deliver that, we are financial ambitions. In 2023, we held an online learning
focusing on three strategic priorities - personalisation, course for leaders on the topic of executive presence
connectivity, and sustainability. and mass personalisation, which attracted more than
200 participants.
We are committed to cultivate long-term deep
relationships with our customers through understanding Improving Customer Satisfaction and Advocacy
their needs, addressing their concerns and caring for We believe that keeping customers happy and satisfied
them in both good and trying times. This culture of trust is key to a long-lasting relationship with the Bank. We
is what sets UOB apart from the rest of the industry. continually seek feedback from customers through
surveys to improve the quality and standard of our
The decisions we make and actions we take to support products and services while identifying any potential
our customers are testament that we live the Bank’s gaps in our service standards. These surveys were
values of being Honourable, Enterprising, United, and conducted as part of our efforts to nurture a service
Committed. culture across departments in the Bank, by providing
constructive feedback on areas for improvement.
Equal Treatment for Our Customers
Customers are our top priority and we always maintain In addition, we conducted in-depth interviews with
the highest professional and ethical standards in all selected long-time UOB customers to review our
aspects of our engagement with them. We ensure that service performance against industry best practices
Fair Dealing remains central to our corporate culture and to identify areas for improvement.
by:
• offering products and services that are suitable for Last year, we conducted an in-depth interview with
our customers; housing loan customers with the aim of improving
• ensuring the competency of our colleagues so our customer experience by exploring customer
as to provide quality advice and appropriate perceptions and feedback about UOB and/or other
recommendations; bank housing loan services. We also conducted in-
• providing clear, relevant and timely information so depth interviews with TMRW customers with the aim of
that our customers can make informed financial finding out customers’ expectations and perceptions
decisions; and of their journey when opening a TMRW account.
• acting upon feedback in an independent, effective
and prompt manner. Separately, colleagues from different business
segments are encouraged to share their opinions
and views on industry best practices through surveys.
With these insights, we can better address the gaps
in our customer service to provide a better banking
experience for our customers.
1
The NPS is an independent metric used by the industry to measure customer satisfaction level and the likelihood that customers will recommend
our products and services to others.
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Business Overview
We also use the net promoter score1 (NPS), as a more
objective and quantitative measure, to benchmark
ourselves in the areas of customer experience and
satisfaction within the banking industry. In 2023, we
continue conducting at the six touch points, including
problem resolution, brand product features, fees and
rates, people, services, ease and speed.
Daily morning huddles are held at all our branches to
ensure that branch staff are updated on the Bank’s
latest products, services and ongoing programmes.
Huddles are also carried out at the head office every
week, with the aim to improve sales productivity and
customer service, especially based on detractors’
feedback from the Internal NPS survey. We also have a
Service Excellence Council chaired by the CEO of UOBI,
to discuss and provide solutions on various service
issues encountered at our branches.
Setting Standards for Excellent Customer Experience
We strive to continually improve the quality of our
customer service. The Bank holds its annual UOB
Customer Commitments Awards to recognise our
colleagues with good customer service and serve as
a constant reminder of our responsibility to customers.
In addition, we conduct our Signature Experience
Competition Idea programme yearly. The programme
aims to express appreciation to business units and
branches who implement Breakthrough Service such
as those that can eliminate or reduce customer pain
points, or improve service quality and customer loyalty.
This annual campaign culminated in the Service
and Sales Awards 2023 ceremony, which celebrated
individuals and teams who have demonstrated
outstanding customer service in the past year, and
accorded awards to teams that have displayed
improvements in their services standard. In 2023, we
recognised four colleagues and three teams who have
gone the extra mile in serving our customers with the
Customer Commitments Award and also three teams
under the Signature Experience Competition Idea
programme.
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Building the Future of ASEAN
Human Resources
Effective Human Resources (HR) management is the • Enterprising - Building a Meaningful
key for us to build a competent, customer-centric and Career
sustainable workforce to ensure the Bank’s success We promote persistence and ambition
in seizing opportunities, overcoming challenges and at all levels. We believe in bringing
maintaining focus on customers’ best interests. UOB out the best in everyone through
Indonesia’s Code of Ethics and corporate values are professional development and
in line with the Bank’s strategy and commitment to empowering our colleagues to take
remain disciplined and prudent as well as to implement ownership of their career development.
good corporate governance and best practices in the
• Committed - Leading by example
industry.
Our leaders act as role models, guiding
individuals and teams to overcome
To ensure balance between performance
challenges and take responsibility for
achievements and employee goals, we are revitalising
their actions. Together, we focus on
our People programme through “The UOB Way”. It is a
supporting the success and progress of
manifestation of our aim to create a work environment
all our colleagues.
where employees feel recognised and appreciated.
Based on the Bank’s key pillars of Care, Growth and
Trust, we are committed to doing the best for our Our People Philosophy: Care,
employees. To that end, the Bank has set several short- Growth and Trust
term strategies and initiatives in 2023. Our people are our greatest asset. At UOB, our people
philosophy is centered on three key pillars of Care,
Colleagues Growth and Trust.
One of our main priorities is the development of our
colleagues’ professional and personal competencies. Care
Guided by our values of Honourable, Enterprising, We prioritise our colleagues’ well-being by developing
United, and Committed, we want to build a culture a supportive and nurturing culture so that employees
where our colleagues are empowered to contribute can be their best.
positively to our workplace, customers, and society. We • UOB focuses on fair total compensation that is
continue to develop a work environment that is driven competitive and differentiated by performance.
by high performance, oriented towards achieving • Additionally, we offer flexible benefits to address
targets, and consists of professional and principled our colleagues’ holistic wellness:
individuals. • Physical wellness (U-Fit Programme): In 2023, the
Bank enhanced the health insurance benefits
Our Employee Commitments for employees and their dependents. An internal
Our values provide an identity and a sense of belonging, clinic was also set up to provide employees
and our commitment to our employees encourages us with easy and convenient access to health
to continue improving our standards of our behaviour consultations with general practitioners. UOB
and performance in serving our stakeholders. Plaza is also equipped with fitness equipment
and facilities so that employees can exercise
• Honourable - Doing What’s Right during their free time.
We do what is right for all our • Mental Wellness: We facilitate consultation
stakeholders and make decisions sessions with professional experts, such as
that best serve the interests of psychologists and psychiatrists, to support
our organisation, colleagues, and employees’ mental health.
customers. • Financial Wellness: UOB has been driving
• United - Making a Real Difference greater employee awareness on UOB TMRW, the
Our unwavering commitment to uphold Bank’s digital platform for banking transactions
UOB’s values is reflected in the way and providing payment gateway. The Bank also
we passionately serve our customers encourages closer family relationships through
and communities. We strive to create a the Kids Edu Play programme, which allowed our
positive impact and add value to lives. colleagues’ children to visit their offices in July to
learn about basic banking knowledge through
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Management Discussion and Analysis
Human Resources
a variety of fun activities. We also introduced Trust
a Flexible Pension Contribution programme, to Trust is at the core of everything we do. We continue to
enable our employees manage their pension foster a culture of empowering our people to make a
funds. positive difference.
• Social Wellness: UOB’s flagship Heartbeat event • We have a systematic performance management
is held annually in August, which combines process that begins with setting clear goals and
physical wellness activities and CSR programmes. objectives at the beginning of the year; mid-
Employees are encouraged to participate in the year dialogues to review progress; and end-of-
Heartbeat Walk/Run and donate generously year performance appraisals and 360-degree
to help those in need. Raised funds from assessments, to support the holistic assessment for
UOB Heartbeat are channelled to non-profit our staff.
organisations such as the Rosa Foundation and • We support employees’ development through
Cicendo Special School, to provide support for 360-degree feedback, incorporating inputs
the hearing-impaired children. not only from managers, but also from other
colleagues, stakeholders and team members. The
Growth [OJK F.22] evaluation results are discussed at the Performance
We offer diverse opportunities for our colleagues to Development Committee (PDC), along with
progress in their careers through various initiatives: performance records and employee development
• Besides upwards progression, we provide lateral plans.
mobility opportunities through internal placements, • We build a coaching culture by investing in
rotations, and regional project assignments. regular coaching refresher trainings for the senior
• We implemented a new future-oriented management team, so they can apply it in their day-
competency training programme under the to-day management to drive target achievement.
“Better U Programme”, which focuses on five core This coaching initiative will be extended to all staff
competencies, including growth mindset, problem- levels.
solving, digital awareness, human-centered design, • We received several accolades and awards from
and data storytelling, as well as two other essential various international media in 2023, a testament
skills – data analytics and project management. to the successes of our strategic initiatives and
• We also have a variety of online and onsite training investments in the HR space.
sessions and podcasts focused on induction • HR Asia: 2023 Best Companies to Work for in Asia
programmes, personal productivity, professional • HR Asia: 2023 Diversity & Inclusion Award
development, technical knowledge development, • HR Stars Awards: 2023 Best in Covid Management
and people manager and leadership development. Strategies
• Our Graduate Development Programme for • HR Stars Awards: 2023 Best CEO with HR Focus
Management Associates (MA) has been a consistent • HR Excellence Awards: 2023 Gold Awards for
part of our efforts to build the bench strengths of Excellence in Work-Life Harmony
the Bank’s workforce and to nurture future leaders. • HR Excellence Awards: 2023 Bronze Awards for
In 2023, we successfully inaugurated the 14th batch Excellence in Workplace Culture
of the MA programme with nine MAs. The six MAs • HR Excellence Awards: 2023 Bronze Awards for
from class of 2022 graduated in December 2023 Excellence in Crisis Management Planning
and have been placed permanently in various
functions across the Bank in January 2024.
Do What Is Right
• We launched GO-1 in 2023, an online learning
Nurturing a diverse and inclusive workplace
platform that offer personal and professional
[OJK F.18]
development courses which can be accessed by
We are committed to building a safe, nurturing, and
employees 24 hours a day and 7 days a week
inclusive workplace where all employees are treated
anywhere.
with respect by upholding internationally accepted
human rights principles and complying with all
prevailing relevant regulations in Indonesia. We believe
that diversity and equality should be applied to all
employees to promote their development, productivity,
and engagement.
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Building the Future of ASEAN
Human Resources
Our recruitment process and decisions are carried out Ensuring freedom of association
in accordance with our recruitment policy. We practice [GRI 2-30] [OJK F. 20)
non-discriminatory recruitment, and all recruitment We support the establishment of open and transparent
decisions are made based on merit and suitability for communication and industrial relations between
the role. UOB’s Code of Conduct prohibits all forms of management, colleagues, and the Labour Union. To
discrimination, intimidation, or harassment, regardless foster constructive and harmonious industrial relations,
of background. All employees are also encouraged the Bank held two constructive dialogues with labour
to raise their concerns without fear of repercussions union representatives during the year. The 2023-2025
through our whistleblowing mechanism. Collective Labour Agreement (CLA) signed on 11 May
2023 comprise six major changes, including paternity
Maintaining a risk-focused organisational leave, long service awards, sympathy allowances
culture (grief and miscarriage), employee engagement
We continually review and enhance our prudent and budget adjustments, retirement appreciation gift, and
risk-focused approach to business development. We adjustments to comply with the prevailing government
focus on helping our colleagues broaden their business regulations.
and macro perspectives, so they can make considered
long-term decisions for customers, communities, and In October 2023, the UOB Indonesia Labour Union held
the environment. This is the foundation of UOB’s risk a National Assembly in a democratic and transparent
culture, which constantly balances current and future manner, resulting in the establishment of a new
opportunities and responsibilities. management structure for the Union from 2023-2025.
Relations between UOB Management and the Labour
Every employee is expected to understand our Union remains conducive, built on mutual trust and
values-based and risk-focused culture through our respect, demonstrated through regular discussions on
risk management framework and policies. Their employment issues and policies that produce good
performance is assessed based on audit results, results.
compliance, and risk management practices to ensure
they meet effective risk management and corporate In 2023, there were several employee complaints
governance standards. Apart from our Code of through various communication channels and they were
Ethics, we also have mandatory learning modules resolved properly through the mechanisms regulated
for employees covering topics including anti-money in the CLA. In this case, any potential disputes could be
laundering, insider trading and abuse in capital anticipated and resolved by involving the participatory
markets, risk culture and operational risk management, role of related parties, including employees, managers,
fair transactions, fraud prevention, information HR, and the Labour Union. The parameters that
technology security, cybersecurity risks, as well as the were used in this case are the absence of industrial
UK Bribery Act and Risk Management Certification. relations disputes involving third parties (the Labour
This is done to ensure compliance with all applicable Department) or the resolution of cases/disputes in
regulations from local financial services authorities. court.
All employees recruited in 2023 have completed these
training modules. Meanwhile, existing employees have The right talent for the right role [GRI 404-3]
undergone annual refresher training. Our recruitment process for is carried out fairly, with
the efficiency and experience improved via eRecruit
In terms of remuneration governance, we comply - Applicant Tracking System (ATS) which all data is
with Regulation of the OJK Number POJK No.45/ entered into the system to track each stage of the
POJK/03/2015 on the Implementation of Remuneration recruitment process.
Governance for Commercial Banks. Our strong
governance, which is based on prudent and We have strengthened our Talent Acquisition (TA) team
transparent risk management, ensures the resilience to assist hiring managers in recruiting the most suitable
and sustainability of our business. candidates for available positions. The selection
process is carried out with the aim of meeting business
needs. The Bank provides equal opportunities for
internal and external candidates for all job vacancies
without discrimination and intimidation. The ‘Know
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Human Resources
Your Employee’ principle is integral to our recruitment Building young talents through Professional
process, ensuring candidates align with our values and and Future Bankers Academy [OJK F.22]
high-performance culture. To nurture talents, the Bank established the Professional
and Future Bankers Academy to develop graduates
Nurturing future leaders [OJK F.22] [GRI 404-2] who want to build a banking career. We offer two
To ensure business continuity, it is important for the different career paths:
Bank to identify critical roles and ensure these roles • Customer facing roles with sales and/or service
have been filled, while planning for contingencies focus – a 6-to-12-month development programme to
and successions. We conduct regular succession provide basic to intermediate banking knowledge
planning reviews and in 2023, we identified 62 critical including services, banking operations, products,
positions and 80 key talents as potential replacements marketing and sales. In 2023, 74 Consumer Banking
or successors. Results were reported to the Human and 25 Wholesale Banking participants took part in
Resources Committee. this programme.
• Professional roles with a focus on specific areas such
To develop the competency and leadership capabilities as compliance, finance, audit, risk management
of these key talents, we invested in numerous HR – 10 participants took part in this development
development initiatives: programme in 2023.
• Leadership Acceleration Program (LAP) Nurturing junior talents through internship
A comprehensive leadership development As part of our commitment to nurturing the next
programme that provides identified high generation of talent, we collaborate with various
performers with opportunities to accelerate them universities to offer final semester students an
towards taking on leadership roles with the Bank. internship programme with the Bank to learn about the
These include international assignments/rotations banking industry and gain practical work experience.
in various countries to broaden their experience in In 2023, the Bank provided internship opportunities to
leadership across cultures, along with opportunities 67 students.
to be involved in various strategic projects. In
2023, the Bank recruited 12 talents into the LAP Employee Scholarship Programme
programme. We offer scholarships to employees who meet
the requirements, both for undergraduate and
• UOB Leadership Academy postgraduate programmes, in addition to employees
A three-month programme for high performers who excel. In 2023, 17 employees received scholarships
in collaboration with global business schools. to pursue their master’s degrees.
Designed for Manager to Executive Director levels,
the programme aims to equip talents with the skills, Professional qualifications and certifications
tools, and techniques needed to drive innovation- [OJK F.22] [GRI 404-2]
based growth. Participants in this programme take The Bank sponsors professional qualification and
part in a series of activities ranging from webinars, certification programmes for our employees, not only
simulation exercises, e-learning, assignments, and to comply with regulatory requirements, but also
projects that focus on: to equip employees with the necessary knowledge
• Business skills: setting strategic, entrepreneurship, and competencies needed for them to deliver their
operational decision-making; responsibilities.
• Leadership skills: coaching and developing
others, leading change, driving execution; and We are proud to report that in 2023, the following
• Interpersonal skills: developing networks and progress was made in terms of professional
partnerships, strategic influence, executive qualifications and certifications:
presence, emotional intelligence • Risk Management Certification
• Sistem Pembayaran & Pengelolaan Uang Rupiah
A total of 36 talents were selected to join this Certification
programme in 2023. • Wakil Perantara Perdagangan Efek Certification
• Wakil Agen Penjual Reksa Dana Certification
• Asosiasi Asuransi Jiwa Indonesia Certification
• Treasury Certification
102 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Human Resources
The following table shows the number of employees Acquisition of Citigroup’s consumer banking
who participated in various development programmes, business
including certification. We completed the acquisition of Citigroup’s consumer
banking business in Indonesia in November 2023. We
established 17 workstreams covering areas of products
Types of Programme 2023 and solutions, people, processes and systems, to
ensure a seamless integration. As of end 2023, close to
Online Course 4,434
900 employees Citigroup consumer bank employees in
Certification 2,814 Indonesia have joined us.
Sosialisation 2,860
Workshop 2,987 To ensure our a smooth transition for the ex-Citi
employees, we held a series of interaction sessions
Virtual Training 2,647
to allow them to network and get familiar with UOB
Conference 49 colleagues and our culture. A comprehensive induction
programme was also conducted to support their
assimilation into UOB’s organisation structure and
Human Resources management
work processes, including a series of communication,
system change management initiatives, training, and
We currently use a non-cloud HRIS-SAP system as our welcoming and bonding activities:
HR management system. The Bank plans to implement
the cloud-based HR system “Workday” in the second • Town Hall sessions to convey important messages
quarter of 2024 subject to regulatory approval. regarding the integration process and the next
steps for all existing employees and new colleagues
Through Project One, the Bank plans to introduce from Citi;
employee self-service and manager self-service • induction and orientation programmes for new
capabilities. We invested in automating HR processes colleagues to learn about the Bank’s vision, mission
with the aim of creating a better experience for and values, business overview, systems, policies,
employees and managers in handling all processes and procedures;
related to an employee’s life cycle. This automation is • mini town halls held in five ex-Citi branches, which
also intended to boost efficiency, by having smooth have been converted into UOB Indonesia branches;
and consistent HR processes complete with reliable • “concierge” services and employee newsletters
reporting using One Data as a single data source for and eDMs to address any queries and concerns
employees. for new colleagues during the first four weeks post
the completion of acquisition and integration of the
Employment engagement business;
We have in place our Employee Engagement • a pulse survey as checkpoints and cadences to
programme to strengthen relations between employees assess employee sentiment;
and their line managers, other colleagues, and all • meetings to build understanding of the Bank
other functions within the Bank. It aims to also foster and share challenges and changes during the
a sense of togetherness and trust among employees integration and transition; and
to support collaboration in improving employee and • meetings and events to strengthen team
organisational performance. Activities carried out engagement.
include festive celebrations, team building, sports,
and arts activities. Our annual Employee Engagement 2024 Strategic Priorities
score improved from 92 per cent to 93 per cent in 2023. Our focus is to continue to ensure a smooth integration
especially from the people and culture perspective, to
lay a strong foundation for implementation of future
business plans and strategies.
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Chapter .04
Management Discussion and Analysis
Human Resources
Building the desired culture Building capabilities for long-term success
We want to continue instilling a culture where We strive to build and improve sustainable HR
employees, managers and leaders practise the Bank’s capabilities. Our HR development strategy is based on
values and our People philosophy in their daily duties the Bank’s HR values and philosophy, and implemented
– when serving customers, managing and leading via the 70:20:10 model for learning and development.
teams, decision-making, and fulfilling our promise to The Bank believes that learning is most effective via
our stakeholders. hands-on experience, such as on-the-job training, real
projects, or challenging and extensive assignments,
With the addition of nearly 900 new colleagues and hence 70 per cent of the development model will
from Citi, it is critical for us to ensure that everyone focus on this component.
understands, aligns, and adopts our values, people
philosophy and culture. A series of The UOB Way 20 per cent of the development model is dedicated
sessions are will be conducted to achieve that from to providing learning and development opportunities
March 2024 onwards for all employees. for employees through human interactions. This is
achieved via mentoring, coaching programmes, or
Continuous process improvement culture for learning from others. Coaching programmes will be
sustainable growth implemented from 2024, and with proper coaching
As a progressive bank, we will continue to transform techniques, people managers will be able to lead
to remain relevant to current and future needs. To teams more effectively by asking the right questions
realise our ambition to be among the top five foreign that enable their teams to think critically, have a sense
banks, we continue to instil a culture of innovation to of ownership, and to be responsible in achieving goals.
drive continuous business process improvements that
increase the effectiveness and efficiency to enable The remaining 10 per cent of the development model
us to provide better services to our customers. We will be focused on virtual and classroom training
will equip our people with the knowledge and tools programmes and/or formal education programmes.
to support the simplification of business processes,
automation, and digitalisation.
Building synergy
We identified several differences between Citi’s and
UOB Indonesia’s employment practices. We want
to address and harmonise these practices with the
following initiatives, to be implemented in stages over
the next two to three years:
• career development framework, catered to
employees, both permanent and contract staff, in
contact centres, collections, telesales and direct
sales;
• syncing up of employee benefits; and
• regular communication and dialogues through
various communication channels – including
town halls and meetings facilitating two-way
communication between staff and the senior
management team.
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Building the Future of ASEAN
Human Resources
Employee Demographics - Diversity of Our Employees by Tenure
Colleagues [GRI 2-7, 405-1]
Tenure 2023 2022 2021
Employees by Gender
<1 years old 1,444 518 311
Gender 2023 2022 2021 1-4 years old 849 915 1,153
5-9 years old 774 678 646
Male 1,990 1,566 1,581
10-14 years old 414 430 462
Female 2,262 1,707 1,701
15-19 years old 291 264 233
Total 4,252 3,273 3,282
>20 years old 480 468 477
Employees by Age Total 4,252 3,273 3,282
Age 2023 2022 2021 Employees by Function
< 25 years old 110 46 21 Directorate 2023 2022 2021
25-29 years old 488 311 362
Channels 925 1,060 1,298
30-34 years old 782 594 623
Corporate Support 739 552 599
35-39 years old 879 709 731
Global Market 48 51 52
40-45 years old 907 715 694
Retail Segment 1,123 756 809
>45 years old 1,086 898 851
Technology And
Total 4,252 3,273 3,282 814 557 577
Operations
Employees by Position Wholesale Segment 603 306 316
Total 4,252 3,282 3,651
Status 2023 2022 2021
Employees by Status [GRI 2-8]
Senior Management 237 175 174
Middle Management 536 466 427 Status 2023 2022 2021
Junior Management 1,910 1,569 1,554
Permanent 3,954 3,183 3,199
Staff 1,569 1,063 1,127
Contract 298 90 83
Total 4,252 3,273 3,282
Total 4,252 3,273 3,282
Employees by Education Level
Education Level 2023 2022 2021
Doctorate 349 272 261
Bachelor 3,283 2,509 2,495
Diploma 367 270 271
Miscellaneous 253 270 271
Total 4,252 3,273 3,282
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Chapter .04
Management Discussion and Analysis
Information Technology and Operations
UOB Indonesia continues to invest in our technological IT Project Governance
capabilities to achieve innovation at scale and Every initiative proposed by business units must comply
contribute to the progress of Indonesia’s digital with the Bank’s IT project governance. This includes
economy. We believe that technology is a critical fulfilling compliance with the arm’s length principle in
supporting element for business growth as we continue accordance with the Bank’s policy in assessing and
to enhance the banking experience for our customers. procuring IT solutions and services from related parties,
as well as business analysis document requirements.
Our ongoing investments include building and
maintaining strong and secured technology systems, Each business unit must prepare and present a business
automating more business processes, and developing analysis to the Bank’s IT Committee. Business analysis
better products and services for our growing customer should include relevant background information such
base. as background, benefits, return on investment analysis,
implementation and operational costs, required
2023 Strategy and Development resources, and the ways these benefits can be realised.
The Bank has five technological and operations pillars,
including: Documents such as the Business Requirement
1. Best-in-Class Risk Management Definition, the High Level Solution, and the Investment
2. Strengthening Financial Management Approval, which identify the business requirements and
3. Service Excellence in Customer Experience relevant technology solutions, should also be included
4. Building a Talent Pool in the report before being submitted for approval.
5. Strategic leap: Technology, Marketing and Branding
The project management process consists of initiation,
To fulfill the five pillars, we focused on implementing execution (control and supervision), closure, and
the following strategies: guarantee. The goal of the project management is
1. Continues system enhancement to provide better to ensure that the project can meet functional and
and more comprehensive information. operational requirements while remaining within the
2. Advancement of finance system to boost approved budget and schedule. Differences must be
productivity and data accuracy. communicated immediately to obtain re-approval.
3. Continue to develop the system through the
following initiatives: IT Implementation Oversight Board
• Customer Acquisition The implementation of the Bank’s IT strategy is
• Mobility and Alternative Delivery Channels monitored by the IT Committee consisting of the
• UOB TMRW, our all-in-one digital banking President Director as Chair of the Committee, the
platform Director of Technology and Operations as Deputy
• Improved system resilience, customer experience, Chair, along with other members of the Board of
system performance and system security Directors and senior management. This committee is
• Digital partnership responsible for providing advice and oversight in the
• Loyalty and Rewards following areas:
4. New HR system implementation to further improve • IT development priorities;
the employees management as the essential asset • IT development plans and budget; and
for the bank. • Policies related to IT strategy and optimisation
5. Completion of the acquisition and integration of
Citibank’s consumer business in Indonesia. The
Bank will also continue to provide the best service
flow and uninterrupted transaction experience for
all customers. We have increased infrastructure
capacity, branch offices, networks and increased
security to support our business activities.
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Information Technology and Operational
Operations Process Improvement 6. Improved infrastructure capability to support
With the increasing volume of transactions and number service improvements through:
of projects, adjustments are needed to meet the Bank’s a. implementation of internal monitoring tools
needs. We continue to boost productivity by reducing to monitor devices related to network devices,
manual processes, conducting regular reviews to applications and infrastructures which have a
enhance productivity, efficiency and scalability of these direct impact on customers;
processes, as well as ensuring stronger operational b. implementation of infrastructure improvements
management and risk control. Call Centre for the Collection and Contact Centre
Team;
The Bank implemented continuous automation in the c. implementation of a system to automate
reporting process to reduce manual intervention and registration related to centralised inventory of
to increase reporting accuracy. Improvements for assets in the Data Centre;
online service registration (e-service), trade document d. increasing network bandwidth for branch
process flow, remittance transaction processes and offices, international bandwidth and better
other operations systems will also be able to support a networking between data centres; and
faster launch of new consumer products. e. refreshing technology and capacity upgrade for
existing systems and infrastructure.
To strengthen resilience, the Bank also carried out 7. Maintained ISO27001 certification in the provision
activities such as split-site operations and implemented of Information Security Management Systems
a business continuity plan. (ISMS) for UOB TMRW, personal internet banking
and Infinity platforms;
8. Continuously achieving high percentage of on-time
2023 Achievements project completion;
In 2023, we clocked the following achievements:
9. Increased awareness of management risks; and
1. Completed the integration of Citibank’s consumer
10. Business Continuity Management (BCM), including
banking portfolio;
call tree exercise.
2. Maintained high NPS and Employee Engagement
Survey (EES) above 90 per cent in 2023 for 3
consecutive years; Accolades and Awards
3. Awarded First and Second places in the Bank’s Our performance achievements have won us a number
Signature Idea Competion; of awards:
4. Awarded “2023 Customer Commitments” from 1. Business Continuity Management (BCM) received
Customer Experience Award (CEA), received by 3 awards for the achievement in managing the
Contact Centre; bank’ operation resiliencies during the Covid-19
5. Improved customer experience by: pandemic:
a. implementing BI Fast-Single Credit Transfer -- Accolades from Minister of Health to
and BI SNAP (Standar Nasional Open API “Perusahaan Swasta Dalam Negeri Pendukung
Pembayaran); Pemerintah Dalam Penanganan Pandemi
b. enhancing Cards loyalty program for credit Terbaik”
cards; -- Best in Covid Management Crisis from The HR
c. implementing co-brands for credit cards with Stars Awards by Chief of Staff Asia
Garuda and Telkomsel; -- Bronze Awards For Excellence in Crisis
d. enhancing digital banking both for Wholesale Management Planning by HR Excellence.
(UOB Infinity) and Retail Banking (UOB TMRW) 2. 2023 US Dollar Clearing Elite Quality Recognition
e. reducing account opening process completion Award from JP Morgan Outstanding Achievement
time for Corporate, Financial Institutions and with the following values:
Commercial customers; a. MT103 STP rate at 99.80
f. participating in environmental sustainability b. MT202 STP rate at 100
goal by implementing daily paperless money 3. Awarded “Top 200 The Next Leaders 2023” by
transfer reports and paperless trade windows; InfoBank Magazine, received by T&O Director.
g. improving a new unified communications system 4. Receiving the IndoSec Cyber Woman of the Year
for Contact Centre auto dialler; and 2023 Award.
5. Ranked number one as the market leader for Net
Promotor Score (NPS) Contact Centre by Bain & Co.
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Chapter .04
Management Discussion and Analysis
Information Technology and Operational
2024 IT Development Plan
In 2024, aligned with the Bank strategy and initiatives,
the Technology and Operations focus as follow:
a. Strengthening identity and brand awareness
through brand campaigns.
b. Making changes to the organisational structure
to facilitate improved customer experience and
increase cross selling capabilities through the
formation of a National Funding Team.
c. Acquiring conventional and digital banking
customers.
d. Using financial advisory services to increase
the number of customers who invest in wealth
management products.
e. Creating the right partnership platform to provide
attractive value propositions for customers.
f. Improving service quality at all customer touch
points and committing to monitoring and consulting
all services provided, both to internal and external
customers, to obtain valuable feedback to improve
services.
g. To comply with the provisions of Law on Data
Protection that will come into effect in October
2024, the Bank plans to to update our processes
including carrying out identification as outlined in
the Record of Processing Activities and developing
applications to consolidate and manage approvals
received from customers.
h. To increase contact centre capability for retail
operations by increasing the utilisation of unified
communication features, increasing the quality
of regulatory reporting submission, and focusing
on stabilisation phase of Citibank’s portfolio
acquisitions.
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Financial Review
Comprehensive Analysis of Financial
Performance
This financial review is prepared based on the The financial statements of UOB Indonesia was
financial statements of UOB Indonesia that have audited by Public Accountant Office Purwantono,
been prepared and presented in accordance with the Sungkoro, and Surja (member firms of Ernst & Young
Indonesian Financial Accounting Standard issued by Global Limited), with unmodified opinion, which
the Indonesian Financial Accounting Standards Board stated that the financial statements present fairly, in
(DSAK). All information in the financial statements have all material respects, in accordance with Indonesian
been presented in a complete and truthful manner. Financial Accounting Standards.
Statement of Profit or Loss and other Comprehensive Income
(expressed in billions of Rupiah, unless otherwise stated)
Statement of Profit or Loss and Other 2023 2022 Increase/(Decrease)
Comprehensive Income Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
OPERATING INCOME AND EXPENSES
Interest income 9,945 7,571 2,374 31.36
Interest expenses (4,588) (2,431) 2,157 88.73
INTEREST INCOME - NET 5,357 5,140 217 4.22
Other operating income
Administration fees and commissions - net 265 409 (144) (35.21)
Realised and unrealised gain on
securities sold and from changes in fair 282 155 127 81.94
value of trading securities - net
Gain from foreign currency transactions 317 374 (57) (15.24)
Others - net 510 458 52 11.35
Total other operating income - net 1,374 1,396 (22) (1.58)
Provision for impairment losses
Financial assets (796) (1,600) 804 (50.25)
Foreclosed assets (1) 1 (2) (200.00)
Total provision for impairment losses (797) (1,599) 802 (50.16)
Other operating expenses
Salaries and employees’ benefits (2,386) (2,038) 348 17.08
General and administrative expenses (2,631) (1,763) 868 49.23
Total other operating expenses (5,017) (3,801) 1,216 31.99
OPERATING INCOME 917 1,136 (219) (19.28)
Non-operating income
(Loss)/gain on sale of fixed assets,
foreclosed assets, and abandoned (5) 12 (17) (141.67)
property - net
Total non-operating income (5) 12 (17) (141.67)
INCOME BEFORE TAX EXPENSE 912 1,148 (236) (20.56)
Tax expense (237) (197) 40 20.30
INCOME FOR THE YEAR 675 951 (276) (29.02)
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Chapter .04
Management Discussion and Analysis
Financial Review
Statement of Profit or Loss and Other 2023 2022 Increase/(Decrease)
Comprehensive Income Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified to profit
or loss
Remeasurement of post-employment
4 4 - 0.00
benefits
Income tax related to components of
(1) (1) - 0.00
other comprehensive income
3 3 - 0.00
Items that will be reclassified to profit or loss
Movement in respect of fair value changes
of financial investment at fair value through 80 (348) 428 122.99
other comprehensive income
Income tax related to component of other
(18) 77 95 (123.38)
comprehensive income
62 (271) 333 122.88
Other comprehensive income/(loss) for the
65 (268) 333 124.25
year - net of tax
Total Comprehensive Income for the Year 740 683 57 8.35
Basic earnings per share (full amount) 60 85 (25) (29.41)
Interest Income
Interest income was derived from loans, financial investments and trading securities, receivables on securities
purchased with agreements to resell, placements with Bank Indonesia and other banks, as well as current
accounts with Bank Indonesia and other banks.
2023 2022 Increase/(Decrease)
Interest Income
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Loans 6,532 5,778 754 13.05
Financial investments and trading securities 1,613 1,122 491 43.76
Receivables on securities purchased with
1,377 470 907 192.98
agreements to resell
Placements with Bank Indonesia and other
304 142 162 114.08
banks
Current accounts with Bank Indonesia and
119 59 60 101.69
other banks
Total Interest Income 9,945 7,571 2,374 31.36
Interest income in 2023 increased by 31.4 per cent or to IDR9,945 billion.
The increase in interest income mainly due to:
a. Interest income from receivables on securities purchased with agreements to resell increased 193.0 per cent to
IDR1,377 billion. This is in-line with the increase on the average balance and higher yield in 2023.
b. Interest income from loans increased by 13.0 per cent to IDR6,532 billion as result from higher yield in 2023.
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Financial Review
Interest Expense
Interest expense was derived from time deposits, demand deposits, saving deposits, debt securities issued,
deposits and borrowings from other banks, liabilities on securities sold under repurchase agreements, premium
on Government guarantee, and margin deposits.
2023 2022 Increase/(Decrease)
Interest Expenses
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Time deposits 2,233 1,277 956 74.86
Saving deposits 756 254 502 197.64
Demand deposits 732 519 213 41.04
Premium on Government guarantee 246 220 26 11.82
Liabilities on securities sold under
223 3 220 7333.33
repurchase agreements
Deposits and borrowings from other
219 14 205 1464.29
banks
Debt securities issued 140 142 (2) (1.41)
Margin deposits 39 2 37 1850.00
Total Interest Expenses 4,588 2,431 2,157 88.73
Interest expense in 2023 increased by 88.7 per cent to IDR4,588 billion. The increase derived from higher interest
expense from third party fund (time deposits and CASA) by 81.5 per cent to IDR3,721 billion due to increase in both
cost of fund and average balance.
Other Operating Income
2023 2022 Increase/(Decrease)
Other operating income
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Administration fees and commissions - net 265 409 (144) (35.21)
Realised and unrealised gain on
securities sold and from changes in fair 282 155 127 81.94
value of trading securities - net
Gain from foreign currency transactions 317 374 (57) (15.24)
Others - net 510 458 52 11.35
Total other operating income - net 1,374 1,396 (22) (1.58)
The operating income in 2023 of IDR1,374 billion, relatively flat compared to 2022. Income from administrations
fees and commission decreased by 35.21 per cent to IDR265 billion in 2023 mainly from unit trusts/mutual fund
income. This was partially offset by higher realised and unrealised gain on securities sold and from changes in
fair value of trading securities – net.
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Chapter .04
Management Discussion and Analysis
Financial Review
Operating Expenses
Operating expenses consists of provision for impairment losses, salaries and employees’ benefits, and general
and administrative expenses.
2023 2022 Increase/(Decrease)
Operating expenses
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Provision for impairment losses
Financial assets 796 1,600 (804) (50.25)
Foreclosed assets 1 (1) 2 (200.00)
Total provision for impairment losses 797 1,599 (802) (50.16)
Other operating expenses
Salaries and employees’ benefits 2,386 2,038 348 17.08
General and administrative expenses 2,631 1,763 868 49.23
Total other operating expenses 5,017 3,801 1,216 31.99
Total operating expenses 5,814 5,400 414 7.67
Operating expenses in 2023 increased by 7.7 per cent to IDR5,814 billion. The incremental were mainly derived
from:
a. Increased in the general and administrative expenses by 49.2 per cent to IDR2,631 billion, where approximately
IDR630 billion is one-off transactional cost relating to the acquisition of consumer business from Citi in 2023.
b. Increased in salaries and employees’ expense by 17.1 per cent to IDR2,386 billion.
c. The above was partially off-set with lower provision expense for financial assets by 50.2 per cent to IDR796
billion due to decrease on loans balance and better macroeconomic assumptions used in the loans allowance
calculation while still managing the NPL coverage adequacy.
Income Before Tax Expense
In 2023 the income before tax decreased by 20.6 per cent to IDR912 billion. This was derived from higher cost in
2023 related to the acquisition of consumer business from Citi in 2023.
Tax Expense
Tax expense in 2023 increased by 20.3 per cent to IDR237 billion.
2023 2022 Increase/(Decrease)
Tax Expenses
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Current Tax 204 315 (111) (35.24)
Deffered Tax 33 (118) 151 (127.97)
Total 237 197 40 20.30
Income for the Year
Income for the year of UOB Indonesia in 2023 decreased by 29.0 per cent to IDR675 billion.
Comprehensive Income for the Year
Comprehensive income for the year in 2023 increased by 8.3 per cent to IDR740 billion.
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Financial Review
Statement of Financial Position
Total assets of UOB Indonesia in 2023 of IDR162,546 billion increased by 17.6 per cent or IDR24,270 billion from
2022. The incremental mainly derived from increased on the marketable securities and receivables on securities
purchased with agreements to resell.
2023 2022 Increase/(Decrease)
Assets
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Cash 604 717 (113) (15.76)
Current accounts with Bank Indonesia 9,901 8,870 1,031 11.62
Current accounts with other banks Net 982 1,094 (112) (10.24)
Placements with Bank Indonesia and
2,136 5,856 (3,720) (63.52)
other banks Net
Trading securities 2,758 594 2,164 364.31
Financial investments Net 33,037 27,953 5,084 18.19
Derivative receivables 841 1,321 (480) (36.34)
Loans Net 79,912 81,298 (1,386) (1.70)
Receivables on securities purchased with
22,678 2,870 19,808 690.17
agreements to resell
Acceptance receivables Net 2,499 3,683 (1,184) (32.15)
Deferred tax assets Net 734 747 (13) (1.74)
Fixed assets and right-of-use assets
2,685 1,408 1,277 90.70
Book value
Intangible assets Net 1,130 - 1,130 100.00
Other assets Net 2,649 1,865 784 42.04
Total Assets 162,546 138,276 24,270 17.55
Current Assets
Current assets consist of cash, current accounts with Bank Indonesia, current accounts with other banks,
placements with Bank Indonesia and other banks, trading securities, financial investments, derivative receivables,
loans, receivables on securities purchased with agreements to resell, and acceptances receivable.
The current assets increased by 15.7 per cent to IDR155,348 billion. The higher financial investments and receivable
on securities purchased with agreements to resell are the main reason of growth in current assets.
Marketable Securities
By type, gross marketable securities consisted of securities measured at fair value through profit or loss, at fair
value through other comprehensive income and at amortized cost. As of the end of 2023, each respectively
amounted to IDR2,758 billion, IDR20,401 billion; and IDR12,650 billion, composing of 7.7 per cent; 57.0 per cent, and
35.3 per cent respectively, to the total gross marketable securities. The composition on the marketable securities
holding is the part of Bank’s strategy to manage the excess liquidity of the Bank.
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Chapter .04
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Financial Review
2023 2022 Increase/(Decrease)
Marketable Securities
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Trading Securities
Government Bonds 1,769 408 1,361 333.58
Bank Indonesia Rupiah Securities 677 - 677 100.00
Corporate Bonds 196 141 55 39.01
Sukuk 116 45 71 157.78
2,758 594 2,164 364.31
Financial Investments
At Fair Value through Other
Comprehensive Income
Government Bonds 11,598 10,703 895 8.36
Bank Indonesia Rupiah Securities 6,505 - 6,505 100.00
Sukuk 1,510 4,769 (3,259) (68.34)
Corporate Bonds 684 454 230 50.66
Negotiable Certificate Deposit 104 - 104 100.00
20,401 15,926 4,475 28.10
At Amortized Cost
Government Bonds 7,630 7,431 199 2.68
Export bills 4,707 4,107 600 14.61
Sukuk 313 509 (196) (38.51)
12,650 12,047 603 5.01
Total 35,809 28,567 7,242 25.35
Allowance for impairment losses (14) (20) 6 (30.00)
Total - net 35,795 28,547 7,248 25.39
Receivables on Securities Purchased with Agreements to Resell
Receivables on securities purchased with agreements to resell increased 690.17 per cent to IDR22,678 billion. The
growth in this account derived from Management’s strategy to manage Bank’s liquidity.
Loans
Net loans of UOB Indonesia in 2023 decreased by 1.7 per cent to IDR79,912 billion. UOB Indonesia run the business
with prudent principle strictly applied in loans distribution in anticipation of global uncertainty.
Loans by Currency
The majority of the loans were derived from loans denominated in Rupiah which contribute 75.9 per cent of the
total loans portfolio in 2023 amounting IDR63,379 billion. Loans denominated in foreign currencies is 24.1 per cent
of total loans amounting IDR20,283 billion in 2023.
2023 2022 Increase/(Decrease)
Loans by Currency
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Rupiah 63,739 64,455 (716) (1.11)
Foreign currencies 20,283 21,080 (797) (3.78)
Total Loans 84,023 85,535 (1,512) (1.77)
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Loans by Type
By loans type, the largest contributor to the total loans was working capital loans, representing 68.9 per cent of
total loans, followed by credit card, investment loans and housing loans. Working capital loans contributed 68.9
per cent or IDR57,904 billion, decreased by of 13.1 per cent.
2023 2022 Increase/(Decrease)
Loans by Type
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Working capital 57,904 66,634 (8,730) (13.10)
Investment 8,495 8,351 144 1.72
Housing 6,747 7,066 (319) (4.51)
Credit card 9,869 2,374 7,495 315.71
Multi-purpose 972 1,058 (86) (8.13)
Motor vehicles 36 52 (16) (30.77)
Total Loans 84,023 85,535 (1,512) (1.77)
Loans by Business Segment
By business segment, the Commercial Banking segment contribute 34.8 per cent of total loans of UOB Indonesia in
2023, followed by Corporate Banking segment that contribute 25.3 per cent of total loans and Personal Financial
Services segment of 21.3 per cent. Commercial Banking segment loans contributed 34.8 per cent or IDR29,246
billion, increased by 7.0 per cent.
2023 2022 Increase/(Decrease)
Loans by Business Segmentation
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Commercial Banking 29,246 27,327 1,919 7.02
Corporate Banking 21,277 23,474 (2,197) (9.36)
Business Banking 11,124 13,650 (2,526) (18.51)
Personal Financial Services 17,911 10,558 7,353 69.64
Financial Institution 4,465 10,526 (6,061) (57.58)
Total Loans 84,023 85,535 (1,512) (1.77)
Loans by Economic Sector [FN-CB-410a.1]
By economic sector, the largest contributor to the total loans was the processing industry with 25.4 per cent or
equivalent to IDR21,319 billion. The wholesale and retail trading was the second largest with 22.3 per cent or
equivalent to IDR18,720 billion.
2023 2022 Increase/(Decrease)
Loans by Economic Sector
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Processing industry 21,319 23,357 (2,038) (8.73)
Wholesale and retail trading 18,720 18,760 (40) (0.21)
Household 17,625 10,553 7,072 67.01
Mining and excavation 7,249 3,578 3,671 102.60
Real estate 4,502 4,655 (153) (3.29)
Financial and insurance activities 3,455 9,633 (6,178) (64.13)
Information and communication 2,634 2,999 (365) (12.17)
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Loans by Economic Sector 2023 2022 Increase/(Decrease)
(continued) Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Accommodation and food and
2,096 2,227 (131) (5.88)
beverages provider
Building construction 2,024 2,521 (497) (19.71)
Agriculture, forestry and fisheries 1,854 2,344 (490) (20.90)
Transportation and warehousing 661 891 (230) (25.81)
Electricity, gas and air procurement 614 3,339 (2,725) (81.61)
Others 1,270 678 592 87.32
Total Loans 84,023 85,535 (1,512) (1.77)
Allowance for impairment losses (4,111) (4,237) 126 (2.97)
Total Loans - net 79,912 81,298 (1,386) (1.70)
Non-Performing Loans (NPL)
Non-Performing Loans in 2023 decreased by 1.8 per cent to IDR2,149 billion. Decreased on NPL is the result of
Bank’s strategy to manage the credit risk appetite and prudent risk principle. Loans by collectability as of 31
December 2022 and 2023 were as follows:
2023 2022 Increase/(Decrease)
Loans by Collectability
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Current 77,486 79,397 (1,911) (2.41)
Special mention 4,388 3,657 731 19.99
Sub-standard 427 415 12 2.89
Doubtful 370 187 183 97.86
Loss 1,352 1,879 (527) (28.05)
Total Loans 84,023 85,535 (1,512) (1.77)
Non-Performing Loans 2,149 2,481 (332) (13.38)
Gross NPL (%) 2.58 2.98
Net NPL (%) 1.39 1.73
In 2023, the gross NPL ratio decreased by 0.4 per cent to 2.6 per cent. The net NPL ratio also decreased by 0.3
per cent point to 1.4 per cent. The Bank was able to maintain its asset quality as reflected in the NPL ratio which
far below the maximum of 5.00 per cent set by the Regulator.
Allowance for Impairment Losses on Loans
Allowance for impairment losses on loans in 2023 decreased by 3.0 per cent to IDR4,111 billion. The impairment
loss allowance provided was sufficient to cover potential losses arising from uncollectible loans.
Non-Current Assets
Non-current assets consist of deferred tax assets, fixed assets and right-of-use assets, intangible assets, and
other assets.
In 2023, the non-current assets increased by 79.1 per cent to IDR7,199 billion. This was mostly derived from
acquisition of consumer business from Citi.
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Intangible Assets
As of 2023, UOB Indonesia has balance of intangible assets – net, amounting IDR1,130 billion. The intangible
assets just occurred during this year due to acquisition of consumer business from Citi in 2023. The intangible
assets consist of goodwill and other intangible assets related to the above transaction.
Liabilities
The majority of UOB Indonesia’s liabilities were derived from deposits from non-bank customers which contribute
82.3 per cent of total liabilities in 2023.
Total liabilities of UOB Indonesia increased by 17.9 per cent to IDR144,945 billion. The increase was mainly from
liabilities on securities sold under repurchase agreements of IDR13,296 billion.
2023 2022 Increase/(Decrease)
Liabilities
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Current liabilities 475 193 282 146.11
Deposits from customers 119,283 113,917 5,366 4.71
Deposits from other banks 1,399 206 1,193 579.13
Interest payables 199 132 67 50.76
Tax payables 171 196 (25) (12.76)
Derivative payables 1,223 1,401 (178) (12.71)
Acceptance payables 2,412 3,252 (840) (25.83)
Liabilities on securities sold under
13,296 - 13,296 100.00
repurchase agreements
Liabilities for employee’s benefits 344 258 86 33.33
Debt securities issued Net 1,443 1,596 (153) (9.59)
Other liabilities 4,700 1,764 2,936 166.44
Total Liabilities 144,945 122,915 22,030 17.92
Customer Deposits
Customer deposits consist of demand deposits, saving deposits, and time deposits. In 2023, customer deposits
increased by 4.7 per cent to IDR119,283 billion. The increase was influenced by more liquidity in the market and
customers’ tendency to place their liquidity in deposits with banks.
The increase in customer deposits was mainly due to increase in time deposits. The time deposits increased by
13.7 per cent to IDR58,095 billion while the demand deposits and saving deposits declined by 1.9 per cent to
IDR23,702 billion and 3.0 per cent to IDR37,486 billion, respectively.
2023 2022 Increase/(Decrease)
Customer Deposits
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Demand deposits 23,702 24,166 (464) (1.92)
Saving deposits 37,486 38,648 (1,162) (3.01)
Time deposits 58,095 51,103 6,992 13.68
Total Customer Deposits 119,283 113,917 5,366 4.71
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Customer Deposits by Currency
The composition of customer deposits in Rupiah and foreign currencies in 2023 was 65.8 per cent and 34.2 per
cent, respectively. Customer deposits in Rupiah in 2023, increased by 11.1 per cent to IDR78,478 billion. Foreign
currency-denominated third-party funds in 2023 decreased by 5.7 per cent to IDR40,805 billion from the previous
year.
2023 2022 Increase/(Decrease)
Customer Deposits by Currency
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Rupiah 78,478 70,630 7,848 11.11
Foreign currencies 40,805 43,287 (2,482) (5.73)
Total 119,283 113,917 5,366 4.71
Deposits from Other Banks
Deposits from other banks in 2023 increased by 579.1 per cent to IDR1,399 billion. The increase in deposits from
other banks was mainly from call money of IDR1,265 billion.
2023 2022 Increase/(Decrease)
Deposits from Other Banks
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Call money 1,265 - 1,265 100.00
Demand deposits 107 179 (72) (40.22)
Saving deposits 17 20 (3) (15.00)
Time deposits 10 7 3 42.86
Total Deposits from Other Banks 1,399 206 1,193 579.13
Deposits from Other Banks by Currency
Deposits from other banks denominated in Rupiah in 2023 increased by 621.2 per cent to IDR1,392 billion. The
composition of deposits in Rupiah and foreign currencies was 99.5 per cent and 0.5 per cent respectively in 2023.
2023 2022 Increase/(Decrease)
Deposits from Other Banks by Currency
Billion Rupiah Billion Rupiah Billion Rupiah Percentage (%)
Rupiah 1,392 193 1,199 621.24
Foreign currencies 7 13 (6) (46.15)
Total Deposits from Other Banks 1,399 206 1,193 579.13
Debt Securities Issued
Debt securities issued in 2023 decreased by 9.6 per cent to IDR1,443 billion. The decrease derived from amortization
of expense related to the bonds issued in the previous years. There are no additional debt securities issued by
UOB Indonesia in 2023.
Equity
Total equity of UOB Indonesia in 2023 increased by 14.6 per cent to IDR17,601 billion. The increase derived from
right issues done in 2023 resulting in additional capital for the Bank of IDR1,500 billion.
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2023 2022 Increase/(Decrease)
Equity
Billion Rupiah Billion Rupiah Billion Rupiah Billion Rupiah
Share capital 3,057 2,797 260 9.30
Additional paid-in capital Net 4,939 3,699 1,240 33.52
Other comprehensive income (108) (174) 66 (37.93)
Retained earnings
Appropriated 145 136 9 6.62
Unappropriated 9,568 8,903 665 7.47
Total Equity 17,601 15,361 2,240 14.58%
In 2023, there was no dividend payment.
The Bank’s policy is to maintain adequate and efficient capital structure to support business growth.
Statement of Cash Flows
The Statement of Cash Flows is classified on the basis of operating, investing, and financing activities.
Cash and cash equivalents consists of cash, current accounts with Bank Indonesia, current accounts with other
banks, and placements with Bank Indonesia and other banks maturing within 3 months or less from the acquisition
date provided they are not used as collateral for borrowings nor restricted.
2023 2022 Increase/(Decrease)
Cash Flows
Billion Rupiah Billion Rupiah Billion Rupiah Billion Rupiah
Net Cash (Used in) Provided by
(730) 18,585 (19,315) (103.93)
Operating Activities
Net Cash Used in Investing Activities (3,121) (12,223) 9,102 (74.47)
Net Cash Provided by Financing Activities 1,285 29 1,256 4331.03
Net (decrease)/increase in Cash and
(2,566) 6,391 (8,957) (140.15)
Cash Equivalents
Net effect on exchange rate on Cash and
(31) 326 (357) (109.51)
Cash Equivalents
Cash and Cash Equivalents At Beginning
16,543 9,826 6,717 68.36
of Year
Cash and Cash Equivalents At The End
13,946 16,543 (2,597) (15.70)
Of Year
Net Cash (Used in)/Provided by Operating Activities
In 2023, the Bank record cash flow used in operating activities of IDR730 billion, decreased by 103.9 per cent.
The decrease derived from higher interest and operating expenses paid in 2023. In addition, the decreased in
the movement of trading securities, securities purchased with agreements to resell and the saving deposit also
support the decline on the cash used in operating activities.
Net Cash (Used in)/Provided by Investing Activities
In 2023, the Bank record cash flow used in investing activities of IDR3,121 billion, decreased by 74.5 per cent.
The decreased was mainly due to purchase of financial investments decreased by IDR7,130 billion, from IDR11,806
billion in 2022 to IDR4,676 billion in 2023.
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Chapter .04
Management Discussion and Analysis
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Net Cash (Used in)/Provided by Financing Activities
In 2023, the Bank record cash flow provided by financing activities of IDR1,285 billion, increased by 4331.0 per
cent.
Higher cash provided by financing activities derived from the rights issue done by UOB Indonesia on November
2023 which brought additional capital of IDR1,500 billion to the Bank. This right issue did not change the
composition of shareholders of UOB Indonesia in 2023.
In 2023, UOB Indonesia has done repayment of matured debt securities of IDR155 billion.
Financial Ratios
(in percentage)
Financial Ratios 2023 2022
Capital Adequacy Ratio (CAR) 18.32 16.57
Gross NPL 2.58 2.98
Net NPL 1.39 1.73
Return on Assets (ROA) 0.61 0.84
Return on Equity (ROE) 4.44 6.70
Net Interest Margin (NIM) 3.85 3.98
Operating Expense to Operating Income (BOPO) 92.31 87.74
Loans to Deposit Ratio (LDR) 69.92 73.18
Minimum Statutory Reserves (GWM)
GWM Rupiah
Daily GWM 9.42 9.47
Average GWM 10.34 10.57
Macroprudential Liquidity Buffer 34.36 31.25
Macroprudential Intermediation Ratio 67.84 69.69
GWM Foreign currencies
Daily GWM 4.67 4.10
Average GWM 4.22 4.12
Net Open Positions (NOP) 4.16 1.52
Capital Adequacy Ratio (CAR)
In 2023, Capital Adequacy Ratio (CAR) increased by 1.8 per cent point to 18.3 per cent due to incremental in the
capital.
In 2023 and 2022, the Bank is complied with the capital adequacy requirement regulations.
Non-Performing Loans (NPL)
In 2023, the gross NPL ratio decreased by 0.4 per cent to 2.6 per cent in 2023. The net NPL ratio also decreased by
0.3 per cent point to 1.4 per cent in 2023. Non-Performing Loans (NPL) amounted to IDR2,149 billion and IDR2,481
billion in 2023 and 2022, respectively.
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Return on Assets (ROA) Loans to Deposit Ratio (LDR)
In 2023, Return on Assets (ROA) decreased by 0.2 per Loans to Deposit Ratio (LDR), which identifies the
cent point to 0.6 per cent in 2023. extent to which the Bank’s loans are funded by
customer’s deposits decreased by 3.3 per cent point to
The decrement in ROA due to lower income before 69.9 per cent.
tax expense by 20.6 per cent. This also supported by
incremental on total assets by 17.6 per cent. Minimum Statutory Reserves (GWM)
The Bank is required to maintain Minimum Statutory
Return on Equity (ROE) Reserves (GWM) in Rupiah for conventional banking
In 2023, Return on Equity (ROE) decreased by 2.3 per and statutory reserves in foreign currencies for foreign
cent point to 4.4 per cent in 2023. exchange transactions.
The decreased in ROE was due to lower income for the In 2023 and 2022, the Bank is in compliance with the
year by 29.0 per cent and increase in total equity by statutory reserve requirement regulations.
14.6 per cent.
Net Open Position (NOP)
Net Interest Margin (NIM) In 2023 and 2022, the Bank is in compliance with the
Net Interest Margin (NIM) in 2023 decreased by 0.1 per net open position regulations and there was no breach.
cent point to 3.9 per cent.
Legal Lending Limit (LLL)
The decrement in NIM was due to higher interest rate In 2023 and 2022, the Bank is in compliance with
during 2023 resulting in higher cost of fund. the legal lending limit (LLL) regulations, both for the
related and non-related party borrowers.
Operating Expense to Operating
Income (BOPO)
BOPO ratio increased by 4.6 per cent point to 92.3 per
cent point in 2023.
Capital Expenditure
Material Bonds and Investment on Capital Goods
Total capital expenditure increased by IDR195.4 per cent to IDR1,941 billion in 2023. This increase was due to
purchase of fixed assets of IDR1,032 billion.
Investment in capital expenditure is used to develop information technology infrastructure, in addition to office
equipment’s for Bank’s operational needs.
2023 2022 Increase/(Decrease)
Capital Expenditure
Billion Rupiah Billion Rupiah Billion Rupiah Billion Rupiah
Addition through purchase of fixed assets 1,465 433 1,032 238.34
Addition through consumer banking
71 - 71 100.00
business acquisition of Citi
Addition of fixed assets through
232 152 80 52.63
reclassification of construction in progress
Addition of right-of-use assets 173 72 101 140.28
Total Capital Expenditure 1,941 657 1,284 195.43
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Capital Policy During the year, Bank’s capital adequacy ratio was well
above the regulatory requirement, increased by 1.8 per
Capital Structure cent point to 18.3 per cent through right issuance of
The Bank seeks to maintain adequate capital level to 1,040,946,745 new ordinary shares at total amount of
support the businesses and growth, meet regulatory IDR1,500 billion.
capital requirements at all times and maintain a good
credit rating. Financial Projection of 2024
The Bank expects to continue its trajectory, alongside
The Bank also seeks to maintain an efficient capital the nation’s economic growth pace. Robust business
structure, optimise the cost of overall cost of capital, confidence and domestic consumption are expected
and to deliver sustainable dividend returns to our to boost loans and deposits growth, with LDR target
shareholders. ranging at 69.0 per cent to 72.0 per cent.
We achieve these objectives through the Bank’s The Bank will continue to support our Wholesale
Capital Management Framework which set forth the customers through the delivery of sector-specific
capital targets and risk appetite, Internal Capital solutions, offering a holistic suite of Trade, Cash
Adequacy Assessment Process (ICAAP). The annual Management and Treasury platforms. Our deep
capital risk appetite limits are endorsed by the Risk expertise in ASEAN connectivity remains as our value
Management Committee (RMC) and approved by proposition.
Board of Commissioners.
The successful acquisition and integration of Citibank
As of the end of 2023, the Bank’s total capital was consumer business portfolio in 2023 has significantly
IDR17,118 billion and CAR at 18.3 per cent. The Bank’s scaled up our retail customer base. The Bank is looking
core capital (Tier 1) accounted for 91.4 per cent of the forward to delivering personalised experiences to
Bank’s total capital and Tier 1 capital adequacy ratio our customers through both digital and traditional
at 16.7 per cent. channels, and enhancing our products offerings
tailored to the unique personal lifestyles of Indonesia’s
Please refer to “GCG – Risk Exposure table #4 Capital affluent. The Bank will also continue to maintain its
Composition” for more information. healthy CAR at 17 per cent to 19 per cent and NPL
ranging at 2.9 per cent to 3.2 per cent.
Target Achievement (Projection
These key focus areas, along with prudent risk
versus Realisation) of 2023 management and continued investments in our people
The Bank delivered credible financial performance
and capabilities, are expected to deliver sustainable
amid the dynamic and challenging global macro
returns in 2024 with ROA and NIM target ranging at
economy. With focus on credit quality, net loans stood
0.4 per cent to 0.6 per cent and 3.9 per cent to 4.2 per
at IDR79.9 trillion and loan to deposit ratio at 69.9 per
cent, respectively.
cent which was within our target range. Healthy asset
quality is reflected in the improvement of NPL ratio
from 3.0 per cent in 2022 to 2.6 per cent in 2023, well Realisation of the Use of Proceeds
above the target alongside the recovery of Indonesian from Public Offering
economy. The integration of Citigroup’s consumer In 2023, the Bank did not conduct any Senior Debt or
business portfolio has scaled up the retail customer Subordinated Debt issuance considering the Bank’s
base. In 2023, customer deposits increased by 4.7 per adequate capital and strong liquidity ratios. The public
cent to IDR119.3 trillion (86.1 per cent of target), mainly offering proceeds from past issuances have been
due to increase in time deposits. fully utilised aligning with the fund utilisation plan as
stated in the Prospectus and Additional Information
Income before tax at IDR912 billion exceeded the and already reported to OJK in the Realisation Report
target. The decrease of income before tax from IDR1,148 of Funds Utilisation. Therefore, the Bank did not submit
billion in 2022 was mainly due to one-off integration the Realisation Report of Funds Utilisation in the
costs related to the acquisition of Citigroup’s consumer subsequent period.
business.
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Material Information on Investment, • SFAS No. 10 “The Effect of Changes in Foreign
Exchange Rates on the Lack of Convertibility”.
Expansion, Divestment, Acquisition
or Debt/Capital Restructuring The above standards will be effective on 1 January
The Bank has completed the Sale and Purchase of 2024 and early adoption is permitted.
Assets and Liabilities for the consumer business from
Citi on 18 November 2023. Goodwill of IDR914 billion As at the authorisation date of this financial
has been recognised on a provisional basis, pending statements, the Bank is still evaluating the potential
the finalization of the completion accounts, purchase impact of these new and revised accounting standards
price allocation and intangible asset valuations. to the financial statements of the Bank.
Impact of Change of Laws on Bank Financial Information on
Performance Extraordinary Events
The change of laws do not have any significant impact UOB Indonesia did not experience any extraordinary
to the Bank’s performance. events that has a material impact to the financial
performance in 2023.
Accounting Standards Issued but
not yet Effective Material Information on Transaction
The standards and interpretations that are issued by with Conflict of Interest and/or
the Indonesian Financial Accounting Standards Board
Material Transaction with Related
(DSAK), but not yet effective for current year financial
statements are disclosed below. Parties
Throughout 2023, there were no transactions that can
Effective on or after 1 January 2024 be categorized as transactions with conflict of interest.
• Amendment of SFAS No. 1: “Presentation of Financial
Statements” regarding disclosure of accounting In 2023, in carrying out its business activities, UOB
policies that change the term “significant” to Indonesia conducted several transactions with related
“material” and provide explanations of material parties, including loans and deposits from customers.
accounting policies”. For details, please refer to Notes No. 37 in Notes to the
• Amendment of SFAS No. 1: “Presentation of Financial Financial Statements.
Statements” regarding classification of liabilities.
• Amendment of SFAS No. 25: “Accounting Policies, Dividend Policy and Net Profit
Changes in Accounting Estimates, and Errors”
Usage
regarding the definition of “accounting estimates”
and their explanations.
Dividend distribution is conducted based on decision
• Amendment of SFAS No. 16: “Fixed Assets” regarding
taken in Annual General Meeting of Shareholders, by
proceeds before intended use.
considering financial condition and UOB Indonesia’s
• Amendment of SFAS No. 46: “Income Tax” on
capital needs attributed with business development,
Deferred Tax related to Assets and Liabilities
especially loans growth, as well as taking into account
arising from a Single Transaction which adopted
other relevant factors for shareholders.
from Amended IAS 12 Income Taxes on Deferred
Tax related to Assets and Liabilities arising from a
Single Transaction.
The above standards will be effective on 1 January
2023 and early adoption is permitted.
Effective on or after 1 January 2025
• Amendment of SFAS No. 1 “Non-Current Liabilities
with Covenants”.
• Amendment of SFAS No. 73 “Lease liability in a Sale
and leaseback”.
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Chapter .05
Good Corporate Governance
Chapter .05
Good Corporate
Governance
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126 Good Corporate Governance Structure 204 Legal Cases Faced by the Bank, Board of
126 General Meeting of Shareholders Commissioners and Board of Directors
134 Board of Commissioners 204 Administrative Penalties
141 Board of Directors 205 Transactions Involving Conflict of Interest
151 Completeness and Implementation of 205 Bank’s Share and Bond Buybacks
Committees’ Duties 205 Donation for Social and Political Activities
186 Corporate Secretary During the Period of 2023
188 Corporate Communications 206 Code of Conduct
189 The Implementation of Compliance, Internal 207 Corporate Culture
Audit, and External Audit Functions 207 Whistle-blowing
195 The Implementation of Risk Management 208 Implementation of Prevention of Corruption,
Including Internal Control System Kickbacks, Fraud, Bribery and/or Gratification
195 Lending to Related Party and Large Exposure 209 Internal Communications
196 Bank’s Strategic Plan 210 Corporate Social Responsibility
197 Shareholders Aspect 211 Customer Protection
197 Transparency of Bank’s Financial and Non 212 General Conclusion of the Result of Self-
Financial Condition Not Yet Disclosed in Assessment of the Implementation of Good
Other Reports Corporate Governance at PT Bank UOB
198 Share Ownership and Financial and Family Indonesia
Relationships of Members of the Board of 214 Risk Management
Commissioners and Directors with Fellow 236 Risk Exposure Table
Members of the Board of Commissioners,
Directors and/or the Controlling
Shareholders of the Bank
200 Disclose of Remuneration Policy
201 Remuneration Package/Policy and Other
Benefits for Board of Commissioners and
Board of Directors
204 Number of Internal Fraud Cases and Bank’s
Effort to Settle the Cases
204 Number of Legal Cases and Bank’s Effort to
Settle
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Chapter .05
Good Corporate Governance
Good Corporate Governance
PT Bank UOB Indonesia (the Bank or Company) believes that Good Corporate Governance (GCG) is fundamental
to safeguarding the interests of stakeholders, protecting and enhancing the value of the Bank and achieving
sustainable growth. The Bank implements GCG according to the principles of Transparency, Accountability,
Responsibility, Independence and Fairness, and monitors the execution of GCG practices according to prevailing
laws and regulations.
I. Good Corporate Governance Structurev [GRI 2-9]
A. General Meeting of Shareholders
The General Meeting of Shareholders (GMS) is the forum where shareholders make key decisions
pertaining to the Bank. At the GMS, shareholders are authorised to evaluate the performance of the
Board of Commissioners and the Board of Directors, approve the annual report, appointment and/or
resignation of members of the Board of Commissioners and Board of Directors, determine the amount
and type of compensation/remuneration and other benefits for members of the Board of Commissioners
and the Board of Directors; and appoint an Independent Auditor. The Annual General Meeting of
Shareholders (AGM) is held once in a year. The Bank may also convene an Extraordinary General Meeting
of Shareholders (EGM) when required.
General Meeting of Shareholders 2023
In 2023, the Bank convened 1 (one) AGM and 1 (one) EGM.
AGM 2023
Resolution Date: Quorum:
3 May 2023 The AGM was attended by shareholders and/or
Venue: their proxies representing 11,074,641,963 shares or
UOB Plaza 45th Floor, Jalan M.H. Thamrin No. 10, 98.999% of 11,186,644,888 shares with voting rights
Central Jakarta 10230 issued by the Bank.
Attendance of the Board of Commissioners: Attendance of the Board of Directors:
Name Position Name Position
VJH Boentaran Lesmana Independent Commissioner Hendra Gunawan President Director
Aswin Wirjadi Independent Commissioner Teh Han Yi Director
Wayan Alit Antara Independent Commissioner Paul Rafiuly Director
Harapman Kasan Director
Sonny Samuel Director
Ardhi Wibowo Compliance Director
Summary of Resolution
AGM Resolution First 1. Approved the Company’s Annual Report for the financial year ended 31
Agenda December 2022, including the Board of Directors’s Report and Board of
Commissioners’ Supervisory Task Report for the year ended 31 December 2022,
which had audited by Public Accounting Firm of Purwantono, Sungkoro & Surja,
who had provided an unmodified opinion, as stated on the report dated 24
February 2023.
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General Meeting of Shareholders
AGM 2023
2. Granted the release and discharge (acquit et de charge) to the members of the
Board of Directors for the management actions and members of the Board of
Commissioners for the supervision performed during the year of 2022, insofar
reflected in the Company’s Annual Report and Financial Report of the Company
for year 2022.
AGM Resolution Second 1. The amount of IDR9,515,611,619 was booked as general reserve to comply with
Agenda the provisions under Article 70 of the Company Law and Article 20 of the Articles
of Association of the Company.
2. Recorded the entire net profit earned in financial year 2022 after deducting
the general reserve as Retained Earnings amounting IDR942,045,550,322.- to
strengthen the Company’s capital position. The Company did not distribute any
dividend for the financial year of 2022.
AGM Resolution Third 1. Approved the delegation of authority to the Board of Commissioners to
Agenda appoint a Public Accountant and Public Accounting Firm registered with the
Financial Services Authority to audit the Company’s financial statements for
the financial year of 2023, and the determination of the audit service fee
and other requirements in relation to such appointment, in observance of the
recommendations of the Audit Committee.
2. Approved to the delegation of authority to the Board of Directors to sign the
engagement contract and other requirements in relation to the appointment of
Public Accountant and Public Accounting Firm.
AGM Resolution Fourth 1. Approved the re-appointment of the members of the Board of Commissioners of
Agenda the Company with the composition, as follows:
• Mr Wee Ee Cheong as the President Commissioner;
• Mr Chin Voon Fat as the Deputy Commissioner;
• Mr Chan Kok Seong as the Commissioner;
• Mr Wayan Alit Antara, Mr Aswin Wirjadi, and Mr VJH Boentaran Lesmana as
Independent Commissioners, respectively,
Each re-appointment will be effective from the adjournment of this AGM until
the adjournment of the Company’s AGM which will be convened in 2025.
The composition of the members of the Board of Directors and Board of
Commissioners after the closing of the AGM as follows:
Board of Commissioners
President Commissioner : Mr Wee Ee Cheong
Deputy President Commissioner : Mr Chin Voon Fat
Commissioner : Mr Chan Kok Seong
Independent Commissioner : Mr Wayan Alit Antara
Independent Commissioner : Mr Aswin Wirjadi
Independent Commissioner : Mr VJH Boentaran Lesmana
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Effective from the adjournment of the AGM until the adjournment of the
Company’s AGM to be convened in 2025.
2. Approved the delegation of authority to the Board of Directors to restate
changes of the members of the Board of Commissioners in a separate deed
drawn up before a Notary (where necessary) and to arrange the notification
report to the Ministry of Law and Human Rights of the Republic of Indonesia.
AGM Resolution Fifth 1. Approved the delegation of authority to the major shareholder of the Company,
Agenda namely UOB International Investment Private Limited (UOBII) to determine
the amount of honorarium, facilities, allowances and bonuses/tantiem for the
financial years 2023 to 2025 for all members of the Board of Commissioners of
the Company, taking into account the recommendations given by Remuneration
and Nomination Committee.
2. Approved the delegation of authority to the Board of Commissioners of the
Company to determine the amount of salary, facilities, allowances and
bonuses/tantiem for financial years 2023 to 2025 for all members of the Board
of Directors of the Company; taking into account the recommendations given by
Remuneration and Nomination Committee.
EGM 2023
Resolution Date: Quorum:
26 October 2023 The EGM was attended by shareholders and/or their
Venue: proxies representing 11,186,528,719 shares or 99.999%
UOB Plaza 45th Floor, Jalan M.H. Thamrin No. 10, of 11,186,644,888 shares with voting rights issued by
Central Jakarta 10230 the Bank.
Attendance of the Board of Commissioners: Attendance of the Board of Directors:
Name Position Name Position
Wayan Alit Antara Independent Commissioner Hendra Gunawan President Director
Teh Han Yi Director
Paul Rafiuly Director
Harapman Kasan Director
Sonny Samuel Director
Ardhi Wibowo Compliance Director
Henry Santoso Director
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Summary of Resolution
EGM Resolution First 1. Approved the issued and paid-up capital of the Company by issuing shares
Agenda with total of 1,040,946,745 (one billion forty million nine hundred forty six
thousand and seven hundred forty five) new shares with nominal amount of
each shares of IDR250,- (two hundred and fifty Rupiah) or with a total nominal
value of IDR260,236,686,250.- (two hundred and sixty billion two hundred thirty
six million six hundred eighty six thousand and two hundred and fifty Rupiah)
(“New Shares”), therefore issued and paid-up capital increased of the Company
will increase from IDR2,796,661,222,000.- (two trillion and seven hundred ninety
six billion six hundred sixty one million and two hundred twenty two thousand
Rupiah) to at the most of IDR3,056,897,908,250.- (three trillion and fifty six billion
eight hundred ninety seven million nine hundred eight thousand and two hundred
fifty Rupiah), which consist of 12,227,591,633 (twelve billion two hundred twenty
seven million and five hundred ninety one thousand six hundred thirty three)
shares with nominal value of IDR250.- (two hundred and fifty Rupiah) per share.
2. All New Shares shall pre-emptively be offered to the shareholders in proportion
to their shareholdings. The shareholders are also entitled to subscribe for the
remaining unsubscribed shares from other shareholders who do not exercise
their rights, in proportion to their shareholding, and this offering will not be
offered to other parties except existing shareholders.
The New Shares are offered at the price of IDR1,441.- (one thousand four hundred
forty one Rupiah) per share and the ratio of each 19,000 (nineteen thousand) per
shares ownership are entitled for 1,768 (one thousand seven hundred and sixty
eight) New Shares, with the stipulated provisions that the amount will be rounded
down if there are fractional shares. The remaining unsubscribed New Shares
(including the accumulated fractions of the New Shares) will be subscribed by
the Standby Buyer.
3. Approved the amendment to the Article 4 paragraph (2) of the Articles of
Association of the Company and the composition of the Company’s shareholders
to be adjusted in line with the results of the right issue of New Shares as described
in point 1 and 2 above.
4. Approved the delegation of authority to the Board of Commissioners of the
Company in the event that the re-approval or confirmation of an increase in the
issued and paid-up capital of the Company is required.
5. Approved to the delegation of authority to the Board of Directors of the
Company to take all actions deemed necessary in conjunction with the issuance
of the New Shares as mentioned above, including to submit an Offering Letter
to each shareholder, to determine the payment schedule and to determine other
requirements in order to achieve the Company’s capital increase objectives
and to state the resolutions to the amendment of Article 4 of the Articles of
Association and the composition of shareholders in the Notarial deed, to notify
the competent authority and to take all other necessary actions in connection
with such resolutions in accordance with applicable laws and regulations,
without any exception.
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EGM Resolution Second 1. Accepted the resignation of Mr Aswin Wirjadi as Independent Commissioner of
Agenda the Company in accordance with his resignation letter dated 10 October 2023
effective from the closing of this AGM, further granted Mr Aswin Wirjadi a full
release and discharge from his responsibilities in carrying out the management
of the Company in his position as Independent Commissioner of the Company
from 1 January 2023 to 26 October 2023, so long as these actions are reflected
in the Annual Report and Financial Report for the Financial Year of 2023 which
will be approved and ratified during the Company’s AGM for the Financial Year
of 2023, in accordance with the provisions of the Articles of Association of the
Company.
2. Approved the appointment of Mr Johanes Susilo as Independent Commissioner
of the Company effective from the effective date of relinquishment of the
relevant position at another company based on receipt from the Ministry of Law
and Human Rights of the Republic of Indonesia (“MoLHR”) regarding receipt
of notification to the MoLHR regarding the relinquishment of the said position
(“Effective Date”) until the closing of of the Company’s AGM which will be held
in 2025.
Thus, the composition of the members of the Board of Commissioners after the
Effective Date until the closing of the Company’s AGM which will be held in 2025,
would be as follows:
Board of Commissioners
President Commissioner : Mr Wee Ee Cheong
Deputy President Commissioner : Mr Chin Voon Fat
Commissioner : Mr Chan Kok Seong
Independent Commissioner : Mr Insinyur Wayan Alit Antara
Independent Commissioner : Mr VJH Boentaran Lesmana
Independent Commissioner : Mr Johanes Susilo*
*
Provided that the appointment of Mr Johanes Susilo will be effective as of the Effective Date
mentioned above.
3. Granted the authority to the Board of Directors to restate the changes in
membership of the Board of Commissioners of the Company in a separate deed
drawn up before a Notary (if necessary) and to arrange the notification report
to the Ministry of Law and Human Rights of the Republic of Indonesia.
AGM 2022
Resolution Date: Quorum:
28 April 2022 The AGM was attended by shareholders and/or
Venue: their proxies representing 11,074,641,963 shares or
UOB Plaza 45th Floor, Jalan M.H. Thamrin No. 10, 98.999% of 11,186,644,888 shares with voting rights
Central Jakarta 10230 issued by the Bank.
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Attendance of the Board of Commissioners: Attendance of the Board of Directors:
Name Position Name Position
VJH Boentaran Lesmana Independent Commissioner Hendra Gunawan President Director
Aswin Wirjadi Independent Commissioner Teh Han Yi Director
Wayan Alit Antara Independent Commissioner Paul Rafiuly Director
Harapman Kasan Director
Sonny Samuel Director
Ardhi Wibowo Compliance Director
Summary of Resolution
AGM Resolution First 1. Approved the Annual Report of the Company for the financial year ended 31
Agenda December 2021, including the Oversight Report of the Board of Commissioners
of the Company, and the Financial Statements of the Company for the financial
year ended 31 December 2021, as audited by Public Accounting Firm of
Purwantono, Sungkoro & Surja, which provided an unmodified opinion in its
report dated 1 March 2022.
2. Granted the release and discharge of responsibilities (acquit et decharge)
to members of the Board of Directors over their management duties and to
members of Board of Commissioners of the Company over their oversight duties
during financial year 2021, provided such actions are reflected in the Annual
Report and Financial Statement of the Company for financial year 2021.
AGM Resolution Second 1. A sum of IDR6,551,597,777 was booked as general reserve to comply with the
Agenda provision under Article 70 of the Limited Liability Company Law and Article 20
of the Articles of Association of the Company.
2. Booked the entire net profit earned in financial year 2021 after general
reserve as Retained Earnings amounting IDR648,608,179,926 to strengthen the
Company’s capital structure. The Company did not distribute any dividend for
financial year 2021.
AGM Resolution Third 1. Approved the delegation of authority to the Board of Commissioners of the
Agenda Company for the appointment of a Public Accountant and Public Accounting
Firm registered with the Financial Services Authority (OJK) to audit the Financial
Statements of the Company for financial year 2022, and the determination of the
audit service fee and other requirements, in observance of the recommendations
of the Audit Committee.
2. Approved the delegation of authority to the Board of Directors to sign the
engagement contract and other requirements in relation to the appointment of
Public Accountant and Public Accounting Firm.
AGM Resolution Fourth Since the resolution of this AGM Resolution Agenda 4 had been resolved during the
Agenda Annual General Meeting of Shareholders conducted in 28 April 2021 and there is no
changes on such resolved resolution, Resolution Agenda 4 was not discussed and
no resolution was made.
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EGM 2022
Resolution Date: Quorum:
29 November 2022 The EGM was attended by shareholders and/or their
Venue: proxies representing 11,074,641,963 shares or 98.999%
UOB Plaza 45th Floor, Jalan M.H. Thamrin No. 10, of 11,186,644,888 shares with voting rights issued by
Central Jakarta 10230 the Bank.
Attendance of the Board of Commissioners: Attendance of the Board of Directors:
Name Position Name Position
Aswin Wirjadi Independent Commissioner Hendra Gunawan President Director
Wayan Alit Antara Independent Commissioner Teh Han Yi Director
Sonny Samuel Director
Ardhi Wibowo Compliance Director
Choi Yau Chi Director
Summary of Resolution
EGM Resolution First 1. Approved the restatement of Article 3 of the Company’s Articles of Association
Agenda in order to comply with Standard Classification of Indonesian Business Fields
(Klasifikasi Baku Lapangan Usaha Indonesia/KBLI) 2020.
2. Approved the granting of the power and authority to the Board of Directors
of the Company to rewrite Article 3 of the Company’s Articles of Association,
as well as any other necessary actions pursuant to the amendment of the
Articles of Association, including but not limited to the making of changes and
amendments, the requesting of approval, as well as the taking of all necessary
registration with regards to the decision, in accordance with the prevailing laws
and regulations.
EGM Resolution Second 1. Approved the amendment of the Company’s Articles of Association i.e.
Agenda amendment of Article 12 paragraph (1) regarding Number of the Board of
Directors.
2. Approved the granting of the power and authority to the Board of Directors of
the Company to rewrite Article 12 paragraph (1) of the Company's Articles of
Association, as well as any other necessary actions pursuant to the amendment
of the Articles of Association, including but not limited to the making of changes
and amendments, the requesting of approval, as well as the taking of all
necessary registration with regards to the decision, in accordance with the
prevailing laws and regulations.
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EGM Resolution Third 1. Approved the appointment of Mr Henry Santoso as Director of the Company.
Agenda The appointment will be effective upon obtaining approval from Financial
Services Authority until the closing of the Company’s Annual General Meeting of
Shareholders that will be conducted in 2025.
So that the composition of the member of the Board of Directors after the closing
of this Meeting until the closing of the Company’s Annual General Meeting of
Shareholders that to be conducted in 2025, would be as follows:
Board of Directors
President Director : Mr Hendra Gunawan
Director : Ms Teh Han Yi
Director : Mr Paul Rafiuly
Director : Mr Harapman Kasan
Director : Mr Sonny Samuel
Compliance Director : Mr Ardhi Wibowo
Director : Mr Choi Yau Chi
Director : Mr Henry Santoso*
* Provided that the appointment of Mr Henry Santoso will be effective upon obtaining approval from
Financial Services Authority.
2. Granted the authority to the Board of Directors to declare changes in the
composition of the Company's management in a separate deed before a
Notary if necessary and to arrange notifications to the Ministry of Law and
Human Rights of the Republic of Indonesia.
Statement Concerning Unrealised 2023 GMS Resolutions
• 2023 AGM resolutions have been realised and there were no resolutions that had not been realised or
delayed.
• There was 1 (one) 2023 EGM Resolution whose realisation has been delayed, i.e., approval for the
appointment of Mr Johanes Susilo as Independent Commissioner of the Company, until the closing of the
Company’s AGM which will be held in 2025. The postponement of the realisation of the EGM Resolution
was due to the non-fulfillment of the requirements of his appointment as Independent Commissioner of
the Company. The realisation of the EGM Resolution was carried out on 30 January 2024.
Statement Concerning Unrealised 2022 GMS Resolutions
All 2022 AGM and EGM resolutions have been realised and there were no resolutions that had not been
realised or delayed.
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Board of Commissioners
In accordance with the Articles of Association, the e. Approve and/or supervise, either directly
Board of Commissioners must perform supervision of or through the committees under BOC, the
management policies and the general conduct of the implementation of Business Plan, review and
management, both regarding the Company and its approve the annual report, approve several
businesses, and to advise the Board of Directors. In Bank’s policies in accordance with applicable
addition, every member of the Board of Commissioners regulations.
shall not act independently, but only by virtue of a f. Evaluate, direct, and monitor the strategic plan
decision of the Board of Commissioners. and implementation of the Bank’s Information
Technology (IT) governance in accordance with
1. Work Guidelines and Regulations of applicable regulations.
Board of Commissioners g. Report to the OJK no later than 5 (five) business
In performing their duties and responsibilities, days upon the finding of the following:
members of the Board of Commissioners are guided • Violation of financial and banking laws and
by the Work Guidelines and Regulations of the regulations; and
Board of Commissioners which are in accordance • Condition or anticipated of a condition that
with Bank of Indonesia/Financial Services may endanger the Bank’s business continuity.
Authority (OJK) regulations. The Work Guidelines h. To support the effectiveness of the
and Regulations of the Board of Commissioners implementation of its tasks and responsibilities,
are reviewed periodically. The last update was the Board of Commissioners must establish at
performed in 2023 to be in accordance with the least:
latest OJK regulation concerning Implementation • Audit Committee;
of Governance in Commercial Banks, resulting • Risk Monitoring Committee;
in the Decree of the Board of Commissioners of • Remuneration and Nomination Committee;
PT Bank UOB Indonesia No. 23/COM/0006 dated and
27 December 2023 regarding Work Guidelines and • Integrated Corporate Governance
Regulations of Board of Commissioners of PT Bank Committee, in order to support the
UOB Indonesia. implementation of integrated corporate
governance.
2. Duties and Responsibilities of the Board and ensure that the established Committees
of Commissioners [GRI 2-12] perform their duties effectively.
The Board of Commissioners assumes the following i. Monitor the Bank’s Soundness Level and take
duties and responsibilities pursuant to the Board of necessary actions to maintain and/or improve
Commissioners’ Work Guidelines and Regulations: the Bank’s soundness.
a. Ensure the implementation of GCG in each of the j. Conduct active supervision on the
Bank’s business activity on all organisational implementation of Compliance Function.
levels or hierarcy. k. Convene meetings of the Board of Commissioners
b. Perform supervision for the interest of the Bank on a regular basis, at least once in 2 (two)
over the policies and management of the Board months, at which all members of the Board of
of Directors, providing advice to the Board of Commissioners must be physically present at
Directors, and responsible for such supervision, least 2 (two) times a year. In the event that a
laws and regulations, articles of association and non-Independent Commissioner is unable to
GMS resolutions in good faith, full responsibility attend the meeting physically, he may attend
and utmost prudential principles. the meeting through teleconference.
c. Direct, monitor, and evaluate the implementation l. Convene joint meetings with the Board of
of governance, risk management, and Directors at least once in 4 (four) months.
compliance integratedly as well as the Bank’s
strategic policies, in accordance to the
prevailing laws and regulations, Bank’s articles
of association, and/or GMS decree.
d. Ensure that the Board of Directors had taken
follow up actions on audit findings and
recommendations from the Bank’s Internal Audit
Work Unit, external auditor, and OJK’s result
and/or other authorities supervision result.
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Board of Commissioners
3. Nomination and Criteria for Candidate of the Board of Commissioners [GRI 2-10, 2-17]
The Bank has Policies and Procedures for the Nomination, Replacement and/or Dismissal of Members of
the Board of Commissioners, Board of Directors, Senior Executive Officers and Committees Reporting to the
Board of Commissioner of PT Bank UOB Indonesia as stated in Board of Directors’ Decree No. 23/SKDIR/0138,
stipulated the nomination process and criteria of member of the Board of Commissioners, as follows:
1. Members of the Board of Directors, the Board of Commissioners and/or Majority Shareholders of the Bank
may propose nominations for candidate members of the Board of Commissioners, if necessary.
2. Nomination of candidates for appointment to the Board of Commissioners shall be submitted to the Bank’s
Remuneration and Nomination Committee.
3. The nominated candidates must at least meet the following criteria:
a. Indonesian Nationals and/or Foreign Nationals meeting the requirements of the prevailing laws and
regulations.
b. Have integrity, competence and good financial reputation as required in the applicable laws and
regulations.
c. Independent Commissioner candidates must also meet the requirements determined by the laws and
regulations.
4. Any nomination for the appointment of any Member of the Board of Commissioners to the General Meeting
of Shareholders must take into account the recommendation of the Remuneration and Nomination
Committee. In the event that any member of the Remuneration and Nomination Committee has any conflict
of interest with any recommended candidate, such conflict of interest must be declared in the nomination.
5. Independent Commissioner who has served for 2 (two) terms of service consecutively may be reappointed
for another term. The following would be considered:
a. Assessment result of the performance of Independent Commissioner;
b. Assessment result in the BOC Meeting which states that the said Independent Commissioner has
remained able to perform independently;
c. Assessment result from the Internal Audit Head and Executive Officer who is in charge of the human
resources function which states that the Independent Commissioner can still act independently;
d. The declaration by the Independent Commissioner of his independency during the GMS.
6. Recommendations for the Remuneration and Nomination Committee are at least based on the requirements
for the criteria for members of the Board of Commissioners as stipulated in the applicable laws and
regulations.
4. Composition, Criteria and Independence of the Board of Commissioners [GRI 2-11]
The following are the members of the Board of Commissioners of the Bank as of 31 December 2023:
Basis of Appointment Re- Term of
Name Position
Regulator Approval GMS Appointment Office
President
Wee Ee Cheong 22 October 2019 29 April 2019
Commissioner
Deputy President
Chin Voon Fat 20 September 2019 29 April 2019
Commissioner
Chan Kok Seong Commissioner 20 September 2019 29 April 2019 3 May 2023 2023 - 2025
Wayan Alit Independent
8 January 2009 20 June 2008
Antara Commissioner
VJH Boentaran Independent
22 December 2017 9 May 2018
Lesmana Commissioner
Members of the Board of Commissioners have a term of 2 (two) years. The term of office of the existing member
of Board Commissioners is up to the closing of the AGM of the Bank to be held in 2025.
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Article 2 paragraph (5) of the Decree of the Board than 1 (one) non-financial institution/company
of Commissioners of PT Bank UOB Indonesia No.23/ either domiciled domestically or overseas; (c) in
COM/0006 regarding Guidelines and Work Rules the functional duties of banks and/or non-bank
for the Board of Commissioners of the Bank reads as financial institutions; (d) in other positions that may
follows: “At least 50 per cent of the total members give rise to a conflict of interest in carrying out their
of the Board of Commissioners is Independent duties as a member of the Board of Commissioners;
Commissioners”. However, as of 31 December 2023, and/or (e) in other positions based on prevailing
2 (two) members of a total of 5 (five) members of laws and regulations.
the Board of Commissioners are Independent
Commissioners. To comply with these provisions, This excludes concurrent positions held by (a) a
the Bank had appointed 1 (one) Independent member of the Board of Commissioners as a director,
Commissioner candidate who has received OJK commissioner or executive officer performing
approval based on Decree of Members of the OJK supervision in 1 (one) non-bank subsidiary controlled
Board of Commissioners No. KEPR-113/D.03/2023 by the Bank; (b) a non-independent Commissioner
dated 20 September 2023 concerning the performing his functional duties assigned by the
Results of the Fit and Proper Assessment of Mr Bank’s shareholders for a legal entity in the Bank’s
Johanes Susilo as Candidate for Independent business group; and/or (c) a member of the Board
Commissioner of PT Bank UOB Indonesia, and has of Commissioners in a non-profit organisation or
been appointed based on the Resolutions of the institution.
Extraordinary General Meeting of Shareholders on
26 October 2023. His appointment as Independent In addition to that, Independent Commissioners
Commissioner has been effective as of 30 January are prohibited from holding concurrent positions as
2024. public officials in executive, legislative, judicial and
other bodies whose main functions and duties are
Independence of the Board of Commissioners related to the administration of the State.
Article 8 paragraph (5) of the Work Guidelines and
Regulations of the Bank’s Board of Commissioners All members of the Board of Commissioners are in
states that “More than 51% (fifty one per cent) of compliance with the aforementioned regulations.
members of the Board of Commissioners shall
not be permitted to have familial relations up to Terms of Office of Independent Commissioners
the second degree with other members of the The term of office of Independent Commissioners
Board of Commissioners and/or the member of follow the general terms of the Board of
Board of Directors”. All members of the Board Commissioners where Independent Commissioners
of Commissioners do not have up to the second- who have served for 2 (two) consecutive terms may
degree familial relationships with fellow members be reappointed as Independent Commissioners in
of the Board of Commissioners and/or members of the next period, after considering:
the Board of Directors. • Assessment result of the performance of
Independent Commissioner;
None of the Independent Commissioners of the • Assessment result in the BOC Meeting which
Bank has financial, management, shareholding, states that the said Independent Commissioner
and/or up to second-degree familial relationships has remained able to perform independently;
with fellow members of the Board of Commissioners, • Assessment result from the Internal Audit Head
members of the Board of Directors and/or majority and Executive Officer who is in charge of the
shareholders that may affect his ability to act human resources function which states that
independently. the Independent Commissioner can still act
independently; and
In accordance with Financial Services Authority • The declaration of the Independent
(OJK) Regulation No. 17 Year 2023 concerning Commissioner declared his independency in the
Implementation of Governance for Commercial GMS.
Banks, members of the Board of Commissioners
are prohibited from holding concurrent positions
as Commissioner, Director or Executive Officer
(a) in any bank/non-bank financial institution or
non-financial institution/company; (b) in more
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Board of Commissioners
5. Board of Commissioners • Approved the Credit Policy Committee (CPC)
Recommendations [GRI 2-13] Governance Structure.
In 2023, in performing its supervision function, • Approved the update of 2024 Risk Appetite
the Board of Commissioners has provided Statements.
recommendations to Board of Directors, which • Approved the update of Credit Risk
included: Management (CRM) Policy.
I. Bank’s Business Plan: IV. Others:
• Approved the Bank’s revised 2023 – 2025 • Approved the Annual Report of the Bank
Business Plan and 2024 – 2025 Business including the Financial Statements of the
Plan. Bank, Report from Board of Directors,
• Approved the Bank’s 2024 – 2028 Sustainable and Oversight Report of the Board of
Financial Action Plan. Commissioners for the financial year ended
• Approved the Supervisory Report of Bank 31 December 2022.
Business Plan for the 2nd Half of 2022 and the • Approved the schedule and agenda of the
1st Half of 2023. Annual General Meeting of Shareholders
dated 3 May 2023 and Extraordinary General
II. Recommendations from Audit Committee Meeting of Shareholders dated 26 October
(AUC), Risk Monitoring Committee (ROC), and 2023.
Remuneration and Nomination Committee • Approved proposals for projects submitted
(RNC): by Management including transaction
• Approved the appointment of Purwantono, with related party in adherence with the
Sungkoro & Surja (EY Indonesia), a Public prevailing provisions.
Accounting Firm and Yovita as a Public • Appoved the Work Guidelines and
Accountant, to conduct audits for financial Regulations of the Board of Commissioners,
year 2023. and Nomination Policy Annual Review.
• Approved the recommendations relating to • Approved the revision Information
the amount of remuneration for Directors Technology Strategic Plan (RSTI) for 2022 –
and total remuneration for Senior Executive 2026 and its revision.
Officers and other employees in 2023. • Approved the Capital Management
• Recommended the re-appointment of Framework.
member of the Board of Commissioners for • Approved the Sustainability Framework.
2023 – 2025.
• Recommended the appointment of members 6. Fit and Proper Test Information Disclosure
of committees reporting to BOC. Members of the Board of Commissioners, as listed
• Provided the recommendation for in the table on page 135, were all appointed at
appointment of new Independent the General Meeting of Shareholders after due
Commissioner. consideration to the key criteria including integrity,
• Approved the recommendation and competency, professionalism, and financial
extention of term of office of Senior Executive reputation, according to the “fit and proper” test
Officers (Member of Senior Management requirements prescribed by regulators.
Group/SMG).
• Approved the annual review of the respective 7. Board of Commissioners Meeting Policy
Work Guidelines and Regulations of Audit [GRI 2-13]
Committee, Risk Monitoring Committee, and The Board of Commissioners Meeting Policy
Remuneration and Nomination Committee. is regulated through the Bank’s Board of
Commissioners’ Charter which sets out the following:
III. Framework, Risk Management Policies and Risk a. Meetings are held at least once in 2 (two) months
Appetite Statement: or when deemed necessary by a member of the
• Approved the CDL Framework (Financial Board of Commissioners or upon written request
Institutions segment – Banks & Sovereign). from the Board of Directors or upon the request
• Approved the Technology Risk Management of 1 (one) or more shareholders holding 1/10
Framework. (one tenth) of the total number of shares issued
• Approved the 2024 Risk Appetite Framework by the Company with valid voting rights.
and Statement.
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b. Board of Commissioners Meetings may be held via teleconference but at least 2 (two) Board of
Commissioners meetings are to be attended in person by all the members of Board of Commissioners. In
the event that a Non-Independent Commissioner is unable to attend the meeting physically, he may attend
the meeting via teleconference.
c. The Board of Commissioners shall schedule joint meetings with the Board of Directors periodically, at least
once in 4 (four) months.
d. The Board of Commissioners shall schedule Board of Commissioners meetings for the subsequent year
before the financial year ends.
8. Frequency of the Board of Commissioners Meetings
During 2023, the Board of Commissioners convened a meeting once every 2 (two) months, during which the
Board of Commissioners sought updates from the Directors regarding their duties and responsibilities in the
previous 2 (two) months, and discussed the Bank’s performance in general.
As of 31 December 2023, the Board of Commissioners held 6 (six) Board of Commissioners meetings and 4
(four) Joint Meetings with the Board of Directors. Therefore, the Bank has fulfilled the provisions of the OJK
Regulation on the meeting requirement of the Board of Commissioners’ meeting.
The results of the meeting as mentioned above, including dissenting opinions (if any), were well documented
in minutes of meetings which are properly maintained by the Corporate Secretary.
Based on the aforementioned matters, the Bank has fulfilled the prevailing regulations related to the Board
of Commissioners Meetings.
The following is the Commissioners’ attendance at meetings held in 2023:
Number of Frequency of
Name Position Percentage
Meetings Attendance
Wee Ee Cheong President Commissioner 6 6 100%
Chin Voon Fat Deputy President Commissioner 6 6 100%
Chan Kok Seong Commissioner 6 6 100%
Wayan Alit Antara Independent Commissioner 6 6 100%
Aswin Wirjadi* Independent Commissioner 5 5 100%
VJH Boentaran Lesmana Independent Commissioner 6 6 100%
* Mr Aswin Wirjadi has effectively retired pursuant to the resolution made during the Extraordinary General Meeting of Shareholders on
26 October 2023.
The table below sets out the attendance at Board of Commissioners Joint Meetings with Board of Directors
in 2023:
Number of Frequency of
Name Position Percentage
Meetings Attendance
Wee Ee Cheong President Commissione 4 4 100%
Chin Voon Fat Deputy President Commissioner 4 4 100%
Chan Kok Seong Commissioner 4 4 100%
Wayan Alit Antara Independent Commissioner 4 4 100%
Aswin Wirjadi* Independent Commissioner 3 3 100%
VJH Boentaran Lesmana Independent Commissioner 4 4 100%
Hendra Gunawan President Director 4 4 100%
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Board of Commissioners
Number of Frequency of
Name Position Percentage
Meetings Attendance
Finance & Corporate Services
Teh Han Yi 4 4 100%
Director
Harapman Kasan Wholesale Banking Director 4 4 100%
Technology & Operations
Paul Rafiuly 4 4 100%
Director
Sonny Samuel Global Markets Director 4 3 75%
Compliance, Legal & Corporate
Ardhi Wibowo 4 4 100%
Secretary Director
Strategic Business
Choi Yau Chi Development, Retail & Channels 4 4 100%
Transformation Director
Henry Santoso Risk Management Director 4 4 100%
* Mr Aswin Wirjadi has effectively retired pursuant to the resolution made during the Extraordinary General Meeting of Shareholders on
26 October 2023.
9. Performance Appraisals for the Board Throughout 2023, the Board of Commissioners
of Commissioners [GRI 2-18] has carried out its duties and functions properly
in ensuring the Bank’s performance achievement
Procedure of Performance Appraisal can meet the expectations of shareholders and
The Bank has a policy regarding Guidelines all stakeholders.
on Commissioners’ Evaluation and Directors’
Performance Appraisals which provides technical 10. Orientation Programme for New
guidance to Commissioners in conducting Commissioners
appraisals and standardises the performance A newly-appointed member of the Board of
criteria to be applied. The policy governs the Commissioners is required to join an orientation
following: programme which aims to provide knowledge
and information for him/her to gain an
Performance Evaluation understanding of the Bank, so as to perform
Each member of the Board of Commissioners will his/her duties effectively and efficiently.
conduct a self-assessment of his performance 1
(one) time a year. The orientation programme for new
Commissioner in the form of documents
Performance Criteria prepared by the Corporate Secretary Unit,
Members of the Board of Commissioners are among others include:
appraised based on the following: 1. Vision and Mission;
i. Independence of the Commissioner; 2. Code of Ethics;
ii. Fit and proper criteria which comprise 3. Organisational Structure;
honesty, integrity, reputation, competency 4. Articles of Association;
and financial soundness; and 5. Good Corporate Governance Implementation
iii. Performance of Commissioners. Guidelines;
6. Work Guidelines and Regulations of the
Evaluation Result Board of Commissioners/Board of Directors;
The result of the self-assessments is reported to 7. Relevant Committee’s Charter;
the Remuneration and Nomination Committee. 8. Regulations related to the Banking and
Capital Markets;
9. Financial Report and Annual Report; and
10. Business Plan.
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Board of Commissioners
11. Workshop/Training/Seminar Attended by the Board of Commissioners
Training of the Board of Commissioners
No. Name Position Name of Workshop/Training/Dissemination
1 Wee Ee Cheong President • 2023 ASEAN Conference – Forging a Digital and
Commissioner Sustainable ASEAN Towards Prosperity, Resilience
and Sustainable Growth
• Blockchain and Digital Assets - Accenture
• Cybersecurity Threats & Challenges in Asia Pacific –
Ensign Infosecurity
• Insight into ISSB and Sustainability Reporting
Landscape – Ernst & Young
• Risk Management Certification Refreshment
Programme “Operational Risk in Digital Banking” –
PT Arfaidhams Secret
2 Chin Voon Fat Deputy President • 2023 ASEAN Conference - Forging a Digital and
Commissioner Sustainable ASEAN Towards Prosperity, Resilience
and Sustainable Growth
• 2023 GIC Insight – Unlocking New Horizons
• Cybersecurity Threats & Challenges in Asia Pacific -
Ensign Infosecurity
• Insights into ISSB and Sustainability Reporting
Landscape - Ernst & Young
• New Monetary Order - Oliver Wyman
• Risk Management Certification Refreshment
Programme “Managing Operational Risk in the
Digital Banking Era” – PT Arfaidhams Secret
3 Chan Kok Seong Commissioner • 2023 APAC Financial, Real Estate Equity and Credit
Conference
• 2023 ASEAN Conference - Forging a Digital and
Sustainable ASEAN Towards Prosperity, Resilience
and Sustainable Growth
• Blockchain and Digital Assets by Accenture
• Cybersecurity Threats & Challenges in Asia Pacific -
Ensign Infosecurity
• Insights into ISSB and Sustainability Reporting
Landscape - Ernst & Young
• Risk Management Certification Refreshment
Programme “Operational Risk in Digital Banking” –
PT Arfaidhams Secret
4 Wayan Alit Antara Independent • Risk Management Certification Refreshment
Commissioner Programme “Operational Risk in Digital Banking” –
PT Arfaidhams Secret
• UOB Gateway to ASEAN Conference 2023 – ASEAN
Forging Ahead
5 VJH Boentaran Independent • Risk Management Certification Refreshment
Lesmana Commissioner Programme “Operational Risk in Digital Banking” –
PT Arfaidhams Secret
• UOB Gateway to ASEAN Conference 2023 – ASEAN
Forging Ahead
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Board of Directors
The Board of Directors is the organ of the Company k. Disclosing to employees the Bank’s strategic
with the authority and full responsibility for carrying policies in the field of personnel, as long as the
out its duties in the interests of the Bank in achieving policies are not confidential; and
the Bank’s intent and purposes and to represent the l. Providing accurate, relevant and timely data
Bank both inside and outside of court. Each member of and information to the Board of Commissioners.
the Board of Directors shall carry out his duties in good
faith and responsibly in accordance with prevailing Furthermore, in performing his duties and
laws and regulations and Articles of Association of the responsibilities, each member of the Board of
Bank. Directors shall refer to the distribution of work,
responsibility and authority which is based on the
1. Work Guidelines and Regulations of the Board of Directors Decree No. 23/SKDIR/0110 on
Board of Directors the Duties and Authorities of members of the Board
In performing its duties and responsibilities, of Directors, with the following details:
the Board of Directors are guided by the Work
Guidelines and Regulations of the Board of President Director
Directors, the provisions of which are in accordance • Act on behalf of the Board of Directors and to
with the prevailing laws and regulations. The Work represent the Bank.
Guidelines and Regulations of the Board of Directors • Coordinate the implementation of the Bank’s
are reviewed periodically. The latest update took management.
into account the Decree of the Board of Directors of • Determine the Bank’s strategy.
PT Bank UOB Indonesia No. 20/SKDIR/0098 dated • Ensure the implementation of the compliance
14 December 2020. function, and the implementation of the
principles of good corporate governance as
2. Duties and Responsibilities of the Board well as prudent banking practices.
of Directors [GRI 2-12] • Develop strategy and provide direction to the
The principal duties of the Board of Directors Regional General Manager.
include, among others:
a. Managing the Bank pursuant to its authority Finance & Corporate Services Director
and responsibilities as stated in the Articles of • Responsible for the financial statements of the
Association and prevailing laws and regulations; Bank as well as the formulation of the Bank’s
b. Taking full responsibility of the Bank’s financial management strategy to support
management; Bank’s performance.
c. Implementing Good Corporate Governance • Ensure the integrity of financial data and provide
principles in every business activity of the Bank financial report analysis on the performance of
at all stages or levels of the organisation; the Bank to support the decisions taken by the
d. Implementing business strategies under the Management of the Bank.
supervision of the Board of Commissioners; • Develop financial system and procedure as well
e. Following up on audit findings and as lead, direct and monitor the implementation
recommendations from Internal Audit unit, of corporate actions conducted by the Bank.
External Auditors, supervisory report from
Financial Services Authority (OJK) and other Compliance, Legal & Corporate Secretary
competent authorities; Director
f. Performing internal monitoring in an effective • Formulate a strategy to encourage the creation
and efficient manner; of Compliance Culture in the Bank;
g. Performing oversight and managing the risks • Propose a compliance policy or principles of
faced by the Bank; compliance to be stipulated by the Board of
h. Maintaining conducive working environment to Directors;
improve productivity and professionalism; • Establish compliance systems and procedures
i. Managing and conducting employee that will be used to develop the internal policies
development, and also maintaining and guidelines of the Bank;
organisational sustainability; • Ensure that all policies, rules, systems and
j. Taking accountability for the fulfillment of the procedures, as well as business activities of the
duties to the Shareholders at the Annual General Bank are in accordance with the provisions of
Meeting of the Shareholders; regulator and other prevailing regulations;
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Board of Directors
• Perform oversight over the implementation of Global Markets Director
Anti Money Laundering and Countering the • Coordinate, provide strategic direction, and
Financing of Terrorism; monitor activities in Global Markets, as well as
• Minimise the Bank’s compliance risk and provide be responsible for the achievement of revenues
recommendations on compliance-related issues; derived from transaction and activities in Global
• Perform preventive measures so that the policies Markets.
and/or decisions taken by the Board of Directors • Responsible for the new product/activity launch
of the Bank do not violate the provisions of process handled by Global Markets and provide
regulator as well as other prevailing regulations; direction and input to streamline processes and
• Perform oversight and provide direction to improve the quality of products/activities.
Officers who are in charge of the Legal Unit, • Provide information to the Board of Directors
Litigation Unit and Corporate Secretary Unit in and Board of Commissioners on financial market
performing their duties and responsibilities. conditions covering the development of foreign
exchange markets, money markets, financial
Director of Technology and Operations institutions and securities markets.
• Responsible for formulating long-term Blueprint • Responsible for all Global Markets good
for Technology and Operation. governance in risk management and ensuring
• Responsible for formulating, evaluating and compliance with policies and procedures.
determining strategies for infrastructure, • Responsible for any limit given to Global Markets
systems and information technology security so either Market Risk Limit or Counterparty Limit.
that operational activities can be carried out
effectively and efficiently. Consumer Banking Director
• Responsible for formulating, evaluating and • Responsible for providing strategic directions
determining the Bank’s Operational strategies for the growth of Consumer Banking in order to
that can drive business units towards profit. support the Bank’s business;
• Ensure application development, and that • Responsible for developing competitive and
technology and communication infrastructure innovative products and services of consumer
networks are in place to support high security banking and digital bank which are in line with
and confidentiality of the Bank and customer the customer needs, market development and
data. technology demands in order to achieve the
• Ensure the mechanisms for identification market and business target;
and mitigation of risks to the infrastructure • Responsible for supporting businesses and
system, technological security and operational branches in the implementation of prudential
processes are available and implemented in principle by conducting due diligence in
accordance with the provisions. onboarding customers, monitoring business and
• Collaborate with other working units to operational activities, monitoring the adherence
ensure technology cost effectiveness and with internal policies and external regulations
determine priority scale according to the Bank’s as well as implementing middle office activities;
capabilities. • Responsible for establishing the decision
management capabilities focusing on providing
Wholesale Banking Director support and insights to grow healthy retail
• Provide strategic directions for growing the business through developing, maintaining
Wholesale Banking segment to support Bank’s and enhancing retail risk scorecards,
business. marketing, predictive and IFRS9 modelling.
• Ensure proper implementation of the compliance Develop portfolio segmentation/profiling and
function, good corporate governance, prudent supporting the development, maintenance and
banking practices, and implement any directions enhancement of the infrastructure performance
that were given from the regulators regarding to support effective portfolio management.
risk management on Wholesale Banking.
• Responsible for managing the budget for the
Wholesale Banking segment.
• Carry out continuous process development and
improvement for functions in the Wholesale
Banking.
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Board of Directors
Risk Management Director 3. Nomination and Criteria for Candidate of
• Provide strategic directions on risk management the Board of Directors [GRI 2-10, 2-17]
by always paying attention on the principles of The Bank has Policies and Procedures for the
prudence and compliance with, and implement Nomination, Replacement and/or Dismissal of
any directions that were given from the Members of the Board of Commissioners, Board of
regulators regarding risk management of the Directors, Senior Executive Officers and Committees
Bank. Reporting to the Board of Commissioner of PT Bank
• Develop and evaluate the system and risk UOB Indonesia as stated in Board of Directors’
management process to identify, measure, Decree No.23/SKDIR/0138, stipulating the
monitor, mitigate and report risks. nomination process and criteria of member of the
• Facilitate the Bank’s Senior Management’s Board of Directors, as follows:
understanding of the various types of risk and 1. Members of the Board of Directors, the Board
jointly develop risk control and risk mitigation as of Commissioners and/or Majority Shareholders
well enchance a culture of risk awareness. of the Bank may propose nominations for
• Provide recommendation in relation to the candidate members of the Board of Directors, if
Bank’s risk management covering operational necessary.
risk, market, liquidity and credit risk. 2. Nomination of candidate members of the Board
• Ensure the management and development of of Directors shall be submitted to the Bank’s
human resources development on functions Remuneration and Nomination Committee.
related to risk management. 3. The candidate members of the Board of
Directors nominated must at least meet the
Strategic Business Development, Retail & following criteria:
Channels Transformation Director a. Indonesian citizens and/or Foreign citizens
• Responsible for managing the delivery of the meeting the requirements of the prevailing
Consumer Banking and Channels initiatives laws and regulations.
under the Transformation Office and Accelerated b. Majority of members of the Board of
Build Programme; Directors must have a minimum of 5 (five)
• Responsible for working through conflicting years experience in the operational fields as
priorities and interdependencies of the above an Executive Officer at commercial bank.
programme and other organisational priorities c. Have integrity, competence and good
and risks including to report the progress to financial reputation as required in the
relevant party, as necessary; applicable laws and regulations.
• Partnership with key stakeholders to drive closer 4. Any nomination for the appointment of any
collaboration across business and technology Member of the Board of Directors to the General
teams to execute transformation and integration Meeting of Shareholders must consider the
projects. Work closely with cross-functional recommendation of the Remuneration and
leaders to lead and support organisational buy- Nomination Committee. In the event that any
in; member of the Remuneration and Nomination
• Responsible in meeting project deadlines, Committee has any conflict of interest with
proactively identify project obstacles, and any nomination recommended, such conflict of
mitigate risks so they can be addressed in a interest must be declared in the nomination.
timely manner to meet business objectives and 5. Recommendations provided by the
support business growth. Remuneration and Nomination Committee shall
be based on the criteria requirements to be a
member of the Board of Directors.
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4. Composition, Criteria and Independence of the Board of Directors [GRI 2-11]
Members of the Board of Directors of the Bank as of 31 December 2023 were:
Basis of Appointment
Re- Term of
Name Position Regulator
GMS appointment Office
Approval
Hendra
President Director 17 September 2020 21 October 2020
Gunawan
Finance & Corporate
Teh Han Yi 22 August 2019 21 June 2019
Services Director
Technology &
Paul Rafiuly 27 August 2018 11 October 2018
Operations Director
Harapman Wholesale Banking 28 April 2021
22 August 2019 21 June 2019
Kasan Director
Global Markets 2021 - 2025
Sonny Samuel 14 May 2020 30 April 2020
Director
Compliance, Legal &
Ardhi Wibowo Corporate Secretary 14 May 2020 30 May 2020
Director
Strategic Business
Development,
Choi Yau Chi Retail & Channels 10 March 2021 28 April 2021 -
Transformation
Director
Risk Management 29 November
Henry Santoso 8 December 2022 - 2022 - 2025
Director 2022
In accordance with Articles of Association, the term b. None of the members of the Board of Directors,
of office of members of Directors are 4 (four) years. either individually or collectively, own shares
The term of office of above mentioned is until to the amounting to more than 25 per cent of the
closing of the AGM of the Bank to be held in 2025. issued share capital at the Bank or any other
company.
5. Independence of the Board of Directors c. None of the members of the Board of Directors
In carrying out their duties and responsibilities, the hold a concurrent position as a Commissioner,
Board of Directors of the Bank upholds the principle Director or an Executive Officer at any other
of independence as stipulated in the Decree of the bank, company and/or institution.
Board of Directors No. 20/SKDIR/0098 concerning d. The President Director of the Bank is a party
Work Guidelines and Regulations of the Board of independent of the majority shareholder of
Directors, as follows: the Bank and does not have any financial,
a. None of the members of the Board of Directors management, shareholding and/or family
of the Bank have mutual financial and up to relationship with the majority shareholder of
second-degree family relationships with fellow the Bank.
members of the Board of Directors and/or
members of the Board of Commissioners and
majority shareholder.
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6. Fit and Proper Test
The appointment of members of the Board of Directors by the GMS as outlined in the table above was based on
followed criteria that was approved by the Board of Commissioners i.e., integrity, competence, professionalism
and financial reputation, in accordance with the requirements of the “fit and proper” test prescribed by the
Regulator.
7. Board of Directors Meeting Policy [GRI 2-13]
The Board of Directors meeting policies are regulated in the Articles of Association and the Work Guidelines
of the Board of Directors, the Board of Directors meeting rules and regulations include:
a. Meetings are to be held at least once a month, and when deemed necessary by one of the members of the
Board of Directors, or upon the written request from one or more members of the Board of Commissioners,
or upon the written request from 1 (one) or more of the shareholders representing 1/10 (one tenth) of the
total shares allocated by the Company with valid voting rights.
b. The Board of Directors holds a joint meeting with the Board of Commissioners on a periodic basis at least
once in 4 (four) months.
c. The Board of Directors is to schedule the meeting of the subsequent year prior to the conclusion of a
financial year.
d. The Board of Directors’ meeting is valid and decisions held at such meetings are binding, provided more
than ½ (half) of the total number of members of the Board of Directors are present at the meeting.
e. The decisions at the Board of Directors’ meetings shall be based on deliberation to reach consensus. If a
decision could not be reached through deliberation, the decision will be made through voting based on
supporting votes of more than ½ (half) of the total valid votes of members of the Board of Directors present
at the meeting.
f. In the event of an equality of votes, the chairman of the Board of Directors meeting has the deciding vote.
g. The results of the Board of Directors meeting are recorded in minutes of meeting and properly maintained.
8. Meetings and Attendance of Board of Directors in Board of Directors Meeting and Joint
Meeting of Board of Directors and Board of Commissioners
The following were the meetings and attendance of the Board of Directors in the Board of Directors Meeting
and Joint Meeting of Board of Directors and Board of Commissioners in 2023:
Joint Meetings of Board of Directors and
Board of Directors’ Meetings
Board of Commissioners
Name
Number of Frequency of Number of Frequency of
Percentage Percentage
Meetings Attendance Meetings Attendance
Hendra
12 12 100% 4 4 100%
Gunawan
Teh Han Yi 12 11 91.66% 4 4 100%
Paul Rafiuly 12 12 100% 4 4 100%
Harapman
12 12 100% 4 4 100%
Kasan
Sonny Samuel 12 12 100% 4 3 75%
Ardhi
12 11 91.66% 4 4 100%
Wibowo
Choi Yau Chi 12 11 91.66% 4 4 100%
Henry
12 12 100% 4 4 100%
Santoso
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9. Performance Appraisal for the Board 10. Orientation Programme for New
of Directors [GRI 2-18] Director
The newly appointed members of the
Procedure of Performance Appraisals Board of Directors must join the orientation
The Bank has a policy regarding Guidelines programme which aims to provide knowledge
on Commissioners’ Evaluation and Directors’ and information to help them gain an
performance appraisals which provides understanding of the Bank, so that they are
guidance to the members of Board of able to perform their duties effectively and
Directors in conducting the evaluation and a efficiently. In 2023, there is no new member
standardised set of performance criteria to be of the Board of Directors who attended the
applied. The policy governs the following: orientation programme.
Performance Appraisal The orientation programme for new Director
Each member of the Board of Directors will in the form of documents prepared by the
conduct a self-assessment of his performance Corporate Secretary Unit, includes:
1 (one) time a year. a. Vision and Mission;
b. Code of Ethics;
Performance Criteria c. Organisational Structure;
Members of the Board of Directors are assessed d. Articles of Association;
based on the following: e. Good Corporate Governance
1. Performance Target and Achievement Implementation Guidelines;
Process; f. Work Guidelines of Board of Commissioners
2. Competency of Strategic, Engage, Execute Relevant Committee’s Charter;
and Develop (SEED) indicators; and g. Regulations related to the Banking and
3. Exemplification of corporate values namely Capital Markets;
Honourable, Enterprising, United and i. Financial Report and Annual Report; and
Committed. j. Business Plan.
Appraisal Result
The result of the self-assessment will be
submitted to the supervisor who will report
to the Board of Commissioners on the
recommendations of the Remuneration and
Nomination Committee. Thereafter, the final
result of the appraisal will be delivered to each
Director.
Throughout 2023, the Board of Directors has
carried out its duties and functions properly in
ensuring the Bank’s performance achievement
was able to meet the expectations of
shareholders and all stakeholders.
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11. Workshop/ Training/ Seminar Attended by the Board of Directors
No Name Position Name of Workshop/Training/Dissemination
1 Hendra Gunawan President Director UOB Leadership Masterclass
Indonesia Digital Economy and Finance Festival (FEKDI)
2023 “Synergy and Innovation of Digital Economy:
Fostering Growth”
Asian Financial Leaders Programme Training in USA,
Jakarta, Switzerland, Singapore
Refreshment Risk Management Certification 2023:
Managing Operational Risk in the Digital Banking Era –
7 March 2023
Refreshment Risk Management Certification 2023:
Operational Risk (with Case Study in Indonesia) – 23 May
2023
Foreign Policy Community of Indonesia (FPCI) CEO Forum:
CEO Breakfast Meeting dengan Menteri Koordinator
Bidang Perekonomian Republik Indonesia, Bapak H.E.
Airlangga Hartarto
Seminar Leading Through Global Turbulence
ASEAN Indonesia 2023 – Chairmanship : ASEAN Finance
and Central Bank Deputies’ Meeting (AFCDM)
Chief Executive Officer (CEO) Forum by KOMPAS
Building Coaching Culture at UOB Indonesia - Coaching
Techniques for Breakthrough
UOB Gateway To Asean Conference 2023
2023 Integrated Crisis Management (ICM) Exercise
UOB Leadership Masterclass: Transforming Boldly – Bank
2030
Pertemuan Tahunan Bank Indonesia (PBTI) 2023
Workshop - Large Language Model
Focus Group Discussion (FGD) Kebijakan Insentif Likuiditas
Makroprudensial (KLM)
High Level Jakarta Lunch Networking Session
Sustainable Business Workshop
Webinar - Ensuring Operational Resilience Amidst
Uncertainty
2 Teh Han Yi Finance & Corporate Refreshment Risk Management Certification 2023:
Services Director Operational Risk in Digital Banking
Talent Plus Executive Coaching : Leadership
In House Workshop – Sharing Session: Run Through Process
Business As Usual (BAU) and Preparation of Integration
Project
Leadership Academy Level 3
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Board of Directors
No Name Position Name of Workshop/Training/Dissemination
3 Harapman Kasan Wholesale Banking Refreshment Risk Management Certification 2023:
Director Operational Risk in Digital Banking
Building Coaching Culture at UOB Indonesia - Coaching
Techniques for Breakthrough
CCMC – Executive Coaching for Profound Transformation
CCMC - Life Coaching for Holistic Happiness
4 Paul Rafiuly Technology & Executive Coaching – 23 Februari 2023
Operations Director Executive Coaching : Leadership – 27 April 2023
Webinar : Pakar Bicara “Ancaman Serius Serangan Siber
Perbankan, Siapkah Antisipasi”, GoodmoneyID
Refreshment Risk Management Certification 2023:
Operational Risk in Digital Banking
UOB Leadership Masterclass - Understanding China: its
relations with Asia, US and the World
The Future of Data Protection Masterclass
Ethical Hacking Essentials
Webinar: Ensuring Operational Resilience Amidst
Uncertainty
Executive Coach
5 Sonny Samuel Global Markets Refreshment Risk Management Certification 2023:
Director Operational Risk in Digital Banking
Volcker Rule Essentials (US) 2023
Sosialisasi Penerbitan Sekuritas Rupiah Bank Indonesia
Behaviourally - Insights Training
Foreign Exchange (FX) Code of Conduct: Global Edition
Code of Conduct for Singapore Wholesale Financial
Markets
Global Market (GM) Training IT Security
Refreshment FX/IDR
UOBI Social Media Code of Conduct and UOBI Influencer
Training
6 Ardhi Wibowo Compliance, Legal & Rapat Koordinasi Tahun 2023 dengan Pusat Pelaporan
Corporate Secretary Analisis Transaksi Keuangan (PPATK) Apresiasi Kerja Sama
Director yang Baik tahun 2022 dan Pembahasan Program Kerja
Strategis
Refreshment Risk Management Certification 2023:
Operational Risk in Digital Banking – 5 June 2023
Chief Executive Officer (CEO) Banking Forum dengan
Perhimpunan Bank Nasional, Ikatan Bankir Indonesia &
Banker Association for Risk Management
“Synergy and Innovation to Enhance Regional Economy”
dengan Gubernur Bank Indonesia dan Menteri Koordinator
Bidang Perekonomian
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No Name Position Name of Workshop/Training/Dissemination
Pertemuan Koordinasi PPATK : Pelaksanaan Tim Kerja
Analisis Kolaboratif terkait Pemilihan Umum dan Pemilihan
Kepala Daerah
GC Q1-2023 AML Dialogue : Dialog Triwulanan terkait
dengan Anti Pencucian Uang
Diskusi Salinan Peraturan Pemerintah No. 10 Tahun 2023
tentang Jenis dan Tarif atas Jenis Penerimaan Negara
Bukan Pajak yang Berlaku pada Kementerian Dalam
Negeri dengan Asosiasi Sistem Pembayaran Indonesia
(ASPI) & Bank Fintech Payment Gateway
Briefing on Central Bank Digital Currency (CBDC) & Speaker
dari VISA, Nischint Sanghavi, Regional Crypto Lead, Asia
Pasifik
Rapat Compliance : Undang-Undang Pelindungan Data
Pribadi (UU PDP), Pengembangan dan Penguatan Sektor
Keuangan, dan Validasi Nomor Identitas Kependudukan
(NIK) sebagai Nomor Pokok Wajib Pajak (NPWP), PWC
Indonesia
Focus Group Discussion (FGD) Implementation UU PDP
Price WaterCoopers (PWC) Engagement for Personal Data
Protection & Train the Trainer
Perumusan Strategi Komunikasi dan Kebijakan Skema
Harga QRIS serta Penyelenggaraan BI-FAST
Diskusi Penerapan Kewajiban Pelaporan Transaksi
Keuangan Tunai
"Economic and Banking Industry Update" pada Rapat
dengan Bapak Raden Pardede - Tim Asistensi Menteri
Koordinator Bidang Perekonomian
Pertemuan Tahunan Industri Jasa Keuangan 2023
Focus Group Discussion : Pendirian Financial Center di Ibu
Kota Nusantara (IKN)
Pertemuan Tahunan Lembaga Penjamin Simpanan
dan Stakeholders : Peran dan Kebijakan LPS Pasca
Ditetapkannya Undang-Undang Nomor 4 Tahun 2023
tentang Pengembangan dan Penguatan Sektor Keuangan
Building Coaching Culture at UOB Indonesia - Coaching
Techniques for Breakthrough
UOB Group Compliance Regional Meeting : Singapura
UOB Group Compliance Summit 2023
UOB Gateway To Asean Conference 2023
Grand Sosialisasi Nasional Implementasi Kartu Kredit
Indonesia (KKI) Segmen Pemerintah
First Class Teamwork
UOB Group Compliance Leadership Council
Visa Indonesia Payment Security Forum
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Good Corporate Governance
Board of Directors
No Name Position Name of Workshop/Training/Dissemination
Sosialisasi Penerbitan Peraturan Bank Indonesia No. 3
tanggal 27 Juni 2023 tentang Pelindungan Konsumen
Bank Indonesia
2023 Integrated Crisis Management (ICM) Exercise
Undangan Sosialisasi SPRINT Modul Penilaian Kemampuan
dan Kepatutan (PKK) Bank Umum Konvensional dan Kantor
Perwakilan dari Bank yang Berkedudukan di Luar Negeri
(Sosialisasi PKK BUK)
Undangan Tatap Muka Menghadiri 4th Legal Forum
"Urgensi Regulatory Technology dan Digital Evidence
dalam Mendukung Efektifitas Penegakan Hukum TPPU”.
Invitation from The Ministry of Women's Empowerment
and Child Protection: Public Dialogue Entitled "Leader
Steps And Actions"
Community Engagement Webinar
UOB Leadership Masterclass: Transforming Boldly – Bank
2030
Personal Data Protection Law - PDP Law No. 27
7 Choi Yau Chi Strategic Business Refreshment Risk Management Certification 2023 : Stress
Development, Test Risiko Kredit dan Action Plan Penerapan Digital
Retail & Channels Banking
Transformation
Director
8 Henry Santoso Risk Management Refreshment Risk Management Certification 2023:
Director Operational Risk in Digital Banking
Business Banking Product Workshop
Responsible Financing – Risk and Business Opportunities
Business Manager Review
Risk & Governance Summit 2023
UOB Gateway To Asean Conference 2023
Integrated Crisis Management (ICM) Exercise
Task Force Exercise on Liquidity Task Force, Capital Task
Force and BCM Task Force
Pembelajaran dan Pengembangan Berkelanjutan –
Prioritas Utama, UOB Production
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Completeness and Implementation of Committees’ Duties
A. Committees Reporting to the
Board of Commissioners VJH Boentaran Lesmana
Independent Commissioner
1. Audit Committee Chairman of the Audit
Based on Board of Directors’ Decree No. 23/ Committee
SKDIR/0057 dated 3 May 2023 on the Appointment
of Members of the Audit Committee, the Audit
Committee consists of 3 (three) members, namely:
His profile can be found in the Profile of the Board
Audit Committee Members as of 31 December 2023 of Commissioners section of this Annual Report on
page 49.
Name Composition
VJH Boentaran Chairman (Independent
Lesmana Commissioner) Burlita
Burlita Member (Independent Party) Member (Independent Party)
Age: 60 years old
Humbul Kristiawan Member (Independent Party)
Nationality: Indonesian
Term of Office
The term of office of the Audit Committee members
must not exceed the term of office of the Board
of Commissioners as regulated in the Articles of Legal Basis of Appointment
Association of the Bank and such members may be Board of Directors’ Decree No.23/SKDIR/0057
reappointed only for one other subsequent period. dated 3 May 2023
Independent Commissioners serving as Audit Educational Background
Committee members may only be reappointed into • Bachelor Degree of Architecture from University
the Audit Committee for 1 (one) other term of office of Indonesia
of the Audit Committee. The term of office of the • Pre-Master Degree from Wijawiyata Manajemen
current Audit Committee will expire in 2025. IPPM
Independence of Audit Committee Members Work Experience
All committee members have met the prevailing • Head of the Compliance Management Division
regulations on the independence requirements of at PT Bank Sahabat Sampoerna (2012-2021)
integrity, morals, and ethics of each member of the • PT Bank BRI Syariah with the last position as
Audit Committee. Financing Support Group Head (2008-2012)
• PT Bank Niaga Tbk with the last position as
To maintain its independence and objectivity, Head of Employee Education Division in the
the Audit Committee consists of Independent Compliance Management Group (1991-2008)
Commissioners and Independent Parties. Board
of Directors members may not sit on the Audit Training
Committee. • Risk Management Certification Refreshment
Programme “Operational Risk in Digital Banking”
All members of the Audit Committee have high – PT Arfaidhams Secret
integrity and good moral character, in keeping • UOB Gateway to ASEAN Conference 2023 –
with the requirements of Audit Committee members ASEAN Forging Ahead
as stated in Board of Directors’ Decree No. 23/
SKDIR/0138 on Policies and Procedures for the Concurrent Positions
Nomination, Replacement and/or Dismissal of -
Members of the Board of Commissioners, Board of
Directors, Senior Executive Officers, and Committees
Reporting to the Board of Commissioners, and also
have met the criteria set by the Regulator.
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authorities, financial statements, projections
and other reports pertaining to the Bank’s
financial information.
Humbul Kristiawan
b. Analysing the Bank’s level of compliance
Member (Independent Party)
towards laws and regulations pertaining to the
Age: 49 years old
Bank’s activities.
Nationality: Indonesian
c. Providing an independent opinion in the event
of disagreement between the management and
the Public Accountant for services rendered.
d. Performing evaluation on the audit services
Legal Basis of Appointment provided by the prior Public Accountant (AP)
Board of Directors’ Decree No.23/SKDIR/0057 and/or Public Accounting Firm (KAP) in the last
dated 3 May 2023 year, by assessing:
i. Conformity of the audit services conducted by
Educational Background AP and KAP with the prevailing regulations;
• Bachelor of Accounting from University of ii. Adequacy of fieldwork time;
Padjadjaran iii. Assessment on the adequacy of audit scope
• Master of Business Administration from the and the adequacy of the sampling testing;
School of Business and Management-Bandung and
Institute of Technology iv. Recommendations for improvement by the
AP and/or KAP.
Work Experience e. Providing recommendations to the Board of
• Partner and Government Sector Leader at RSM Commissioners on the appointment of the AP
AAJ (2017-2018) and KAP taking into consideration the following:
• Founder and Executive Director at the Innovative i. Independence of KAP, AP and persons in
Government Institute (2014-present) KAP;
• Guest Lecturer at Universitas Padjadjaran ii. Audit scope;
(2008-present) iii. Audit fee;
• Consultant at Deloitte South East Asia with the iv. The expertise and experience of AP KAP and
last position as Equity Partner (2006-2016) audit team;
• Risk Management Manager at Citibank, N.A. v. Audit methodologies, techniques, and
(2005-2006) facilities used by KAP;
• Consultant at Ernst & Young (2000-2005) vi. The benefits of fresh eye perspective that
will be obtained through the change of AP,
Training KAP and audit team from KAP;
• Risk Management Certification Refreshment vii. The potential risk of using audit services by
Programme “Operational Risk in Digital Banking” the same KAP in succession for a fairly long
– PT Arfaidhams Secret period of time; and/or
• UOB Gateway to ASEAN Conference 2023 – viii. The results of evaluation on the audit
ASEAN Forging Ahead services provided by the prior AP and KAP in
the previous year, if any.
Concurrent Positions f. Monitoring, analysing and evaluating audit
• Integrated Governance Committtee Member, planning and implementation as well as
Bank BJB, Bandung (2022–present) monitoring follow-up actions on the internal
• Risk Monitoring Committee Member, audit results in order to assess the adequacy
PT Pegadaian, Jakarta (2020–present) of internal control, including the adequacy of
financial reporting process, and ensuring that
Duties and Reponsibilities Board of Directors takes required corrective
The Audit Committee performs the duties, actions quickly to overcome the control
responsibilities and authorities in accordance with weaknesses, fraud, compliance issues relating to
the Audit Committee Charter, which include: policies, laws and regulations or other problems
a. Reviewing the financial information to be identified and reported by the Internal Audit.
issued by the Bank to the public and/or other
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g. The Committee shall at least monitor and Attendance of Audit Committee Meetings
evaluate: The meetings of the Audit Committee were convened
i. The implementation of tasks of the Internal based on the needs of the Bank. In 2023, the Audit
Audit; Committee held 23 (twenty three) meetings, all of
ii. Consistency between audit implementation which were attended by all members of the Audit
by the KAP and the prevailing auditing Committee.
standards;
iii. Consistency between the financial reports Attendance of Audit Committee members in the
and the prevailing accounting standards; meetings conducted throughout 2023 are as
and follows:
iv. Implementation of follow-up actions by the
Number of
Board of Directors on findings made by the Name Attendance Percentage
Meeting
Internal Audit Unit, AP, and the results of
supervision by Bank Indonesia and/or the Aswin
9 9 100%
Financial Services Authority, and provision Wirjadi*
of recommendations to the Board of VJH
Commissioners. Boentaran 14 14 100%
h. Recommending the appointment, resignation Lesmana**
or dismissal of the Internal Audit Head and Burlita 23 22 95.6%
providing inputs on the annual assessment of
Humbul
his/her performance and remuneration. 23 23 100%
Kristiawan
i. Preparing the Annual Work Programme
*) Mr Aswin Wirjadi held the position as Chairman of Audit
and reviewing the Committee’s Scope of
Committee until 3 May 2023.
Functions and its own effectiveness as well as **) Mr VJH Boentaran Lesmana has held the position as Chairman
recommending any necessary change to the of Audit Committee since 3 May 2023.
Board of Commissioners.
j. Analysing complaints received by the Audit Meeting decisions are taken based on deliberation
Committee on the Bank’s accounting and for consensus or based on a majority vote if there
financial reporting processes, and ensuring the are differences of opinion. All the results of the
follow-up to such complaints. meeting decisions are stated in the minutes of
k. Analysing and providing recommendations to the meeting which are signed by all members of
the Board of Commissioners concerning the the Committee present and well documented,
existence of potential conflicts of interest of the including differences of opinion that occurred in the
Bank. Committee meetings.
l. Maintaining strict confidentiality of documents,
data and information of the Bank. The Audit Committee makes recommendation at
m. Evaluating and providing recommendations to meetings which can be used optimally by the Board
the Board of Commissioners on: of Commissioners to take decisions.
i. Establishment (Revision) of Internal Audit
Charter;
ii. Annual Audit Plan, scope of work and budget
allocation of Internal Audit;
iii. Appointment of external Independent
Quality Control reviewer to review the
performance of Internal Audit (every 3 years);
iv. Internal Audit’s total annual Remuneration
and performance rewards; and
v. Effectiveness and efficiency of internal
control system implementation.
n. Ensuring Internal Audit communicates with
Board of Directors, Board of Commissioners,
external auditor and the Financial Services
Authority.
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The Audit Committee’s work programme and realisations in financial year 2023 included but were not limited
to:
No. Work Programme Realisation
1. Monitoring and evaluation on planning In 2023, Audit Committee convened 4 (four) meetings
and implementation of audits as well as with representative from Internal Audit Division as
monitoring on the follow-ups to audit invitee, to monitor and evaluate the planning and
findings in order to assess the adequacy of implementation of audits as well as monitoring of
internal control. the follow-ups to audit findings in order to assess the
adequacy of internal control.
2. Evaluation on the implementation of the A meeting was held and attended by representative
duties of Internal Audit. from Internal Audit Division as invitee, to discuss on
implementation of duties of Internal Audit throughout
2023, i.e., 2023 audit realisation and significant audit
issues.
3. Evaluation on appropriateness of financial • A meeting was held with the Finance Division and the
report compared to prevailing accounting External Auditor of the Bank as invitees to review the
standards. draft audit report.
• The meeting was held with Finance Division to discuss
the monthly and quarterly publications of financial
report and to evaluate their appropriateness to the
prevailing accounting standards.
4. Perform evaluation on the audit services A meeting was held, with the representative from Finance
provided by the prior AP and/or KAP in the and Internal Audit Division as invitees, to provide inputs
previous year. on the evaluation of the audit of the financial statements
for the year ended 31 December 2022, conducted by KAP
Purwantono, Sungkoro & Surja (EY Indonesia) and Yovita
as Public Accountant. The meeting had convened on 10
April 2023.
5. Monitoring on the implementation of audit A meeting was held, with representative from Finance
plan by external auditor. Division and External Auditor of the Bank as invitees, to
discuss audit progress.
6. Evaluation on follow-up by the Board of A meeting was held with representative from Internal
Directors to findings of Internal Audit, Audit and Compliance Division as invitees, to ensure the
external auditor and supervision result of Board of Directors had followed up on audit findings
Financial Services Authority (OJK). and recommendations from the Internal Audit including
improvements to findings from the external auditors and
OJK.
7. Analysis of the Bank’s level of compliance A meeting was held, with representative from Compliance
towards laws and regulations pertaining Division as invitee, to analyse the Bank’s level of
to the Bank’s activities. compliance towards laws and regulations pertaining to
the Bank’s activities.
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No. Work Programme Realisation
8. Recommendation on the appointment of A meeting was held with representative from Finance
Public Accountant and Public Accounting Division, the Internal Audit Division and KAP Purwantono,
Firm pursuant to prevailing provisions Sungkoro & Surja (PSS – Ernst & Young Indonesia) to
discuss the proposal from PSS related to the audit
services for period 2023. The Audit Committee provides
recommendation to the Board of Commissioners on the
re-appointment of Public Accounting Firm PSS (member
of Ernst & Young Global) and Yovita, as Public Accountant
for the financial year of 2023, based on considerations
in accordance with OJK Regulation and the evaluation
result of audit services for previous year, including the
constellation audit scope of work and its audit fee.
9. Evaluation on audit implementation A meeting was held with representative from Division,
conducted by Public Accounting Firm Internal Auditor and External Auditor to discuss:
in accordance with prevailing audit • The final audit result of the financial year ended
standards. 2022 and its Management Letter;
• Audit programme and methodologies and the audit
progress of the financial year ended 2023.
10. Preparing the Annual Work Programme Audit Committee has prepared the Annual Work
and reviewing the Committee’s scope of Programme and conducted annual review of the
functions and its own effectiveness as well Committee’s scope of functions and its own effectiveness
as recommending any necessary change as well as providing recommendation on any necessary
to the Board of Commissioners. changes to the Board of Commissioners.
11. Discussion with Compliance Division on A meeting was held with representative from Division to
the Compliance Function Implementation discuss the Compliance Function Implementation Report
Report 2nd Half of 2022 and 1st Half of 2023, which includes
compliance risk management, monitoring the Bank’s
Prudential Principles, fulfillment of commitments to
regulators, implementation of compliance culture, and
implementation of other compliance tasks.
2. Remuneration and Nomination Committee Remuneration and Nomination Committee
Pursuant to the Board of Directors’ Decree PT Bank Members as of 31 December 2023
UOB Indonesia No. 23/SKDIR/0111A dated 24
November 2023 on the Appointment of Members of Name Composition
the Remuneration and Nomination Commiittee, the
composition of the Remuneration and Nomination VJH Boentaran Chairman (Independent
Committee is 3 (three) members. Lesmana Commissioner)
Chin Voon Fat Member (Commissioner)
Member (Executive Officer
Irene Wiryawan responsible for Human
Resource)
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Term of Office
The term of office of the Remuneration and Nomination
Committee members is for 2 (two) years and will expire
in 2025. Member of the Remuneration and Nomination Chin Voon Fat
Committee whose term of office has expired may be Member (Commissioner)
re-appointed.
Remuneration and Nomination Committee Guidelines
The Remuneration and Nomination Committee has
established Work Guidelines and Regulation of Profile can be found in the Profile of the Board of
Remuneration and Nomination Committee which is Commissioners section of this Annual Report on
reviewed annually through the Decree of the Board of page 48.
Commissioners No.23/COM/0007 dated 27 December
2023.
Independence of Remuneration and Nomination
Irene Wiryawan
Committee Members
Rewards and Acquisition
All members of the Remuneration and Nomination
Strategic Head
Committee have high integrity and good moral
Age: 43 years old
character, in keeping with the requirements of
Nationality: Indonesian
Remuneration and Nomination Committee members as
stated in Board of Directors’ Decree No. 23/SKDIR/0138
on Policies and Procedures for the Nomination,
Replacement and/or Dismissal of Members of the Legal Basis of Appointment
Board of Commissioners, Board of Directors, Senior Board of Directors’ Decree No.23/SKDIR/0111A
Executive Officers, and Committees Reporting to the dated 24 November 2023
Board of Commissioners, and have also met the criteria
set by the Regulator. Educational Background
Bachelor of Accounting from Parahyangan Catholic
University, Bandung
VJH Boentaran Lesmana
Work Experience
Independent Commissioner
• Currently, held position as Rewards and
Chairman of the
Acquistion Strategic Head UOB Indonesia
Remuneration and
• Head of Services and Rewards at PT Bank
Nomination Committee
Rabobank International Indonesia (2013-2017)
• Compensation and Benefit Manager at PT
Anugerah Pharmindo Lestari (APL) (2011-2013)
• HR Corporate Manager at Eka Hospital (2010-
Profile can be found in the Profile of the Board of
2011)
Commissioners section of this Annual Report on
• HR Manager at The Nielsen Company Indonesia
page 49.
(2007-2010)
Training
HR Refreshment 2023
Concurrent Positions
-
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Completeness and Implementation of Committees’ Duties
Duties and Responsibilities and/or the Board of Directors to be submitted
The Remuneration and Nomination Committee to the AGM.
performs its duties, responsibilities and authorities • A Committee member who has a conflict
in accordance with the Work Guidelines and of interests with the recommendation shall
Regulations of the Remuneration and Nomination disclose the condition in the recommended
Committee including: proposal.
a. On Remuneration Policy: • Provide recommendations regarding
• Perform evaluation of remuneration policy candidates for Senior Executive Officers
by taking into consideration performance, including extension of service period for
risk, peer group, targets, and Bank’s long- Senior Executive Officers who have passed
term strategy, fulfillment of general reserve the retirement age to be submitted to the
obligations as stipulated in the regulations Board of Commissioners.
and the Bank’s potential income in the future. • Make recommendations to the Board
• Provide evaluation and recommendations of Commissioner on the appointment of
to the Board of Commissioners in relation to independent parties to be members to
the: the Audit Committee, Remuneration and
i. Remuneration policy for the Board of Nomination Committee, and Risk Monitoring
Commissioners and Directors to be Committee.
submitted to the General Meeting of • Provide recommendations to the Board of
Shareholders; Commissioners on:
ii. Remuneration policy for Senior Executive i. Composition of positions of members of
Officers, Executive Officers, and the Board of Directors and/or the Board
employees as a whole to be submitted to of Commissioners;
the Board of Directors; ii. Policies and criteria required in the
iii. Remuneration structure for members of nomination of members of the Board of
the Board of Commissioners, the Board of Directors, the Board of Commissioners
Directors and Senior Executive Officer; and Senior Executive Officers; and
iv. Amount of remuneration for members iii. Performance policy and evaluation
of the Board of Commissioners and the for members of the Board of Directors,
Board of Directors; and members of the Board of Commissioners
v. Assistance to the Board of Commissioners and/or Senior Executive Officers.
in conducting performance appraisal in • Assist the Board of Commissioners in
accordance with remuneration received appraising the performance of members of
by each member of the Board of Directors the Board of Directors, members of the Board
and the Board of Commissioners. of Commissioners based on the evalution
• Provide evaluation and recommendation to benchmarks determined.
the Board of Directors regarding the amount • Provide recommendations to the Board of
of remuneration for Senior Executive Officers. Commissioners on personal development
• Ensuring that remuneration policy is in programmes for members of the Board of
accordance with prevailing regulations. Directors and/or members of the Board of
Commissioners.
b. On Nomination Policy
• Formulate and provide recommendations on Attendance of Remuneration and Nomination
the system and procedure for selection and/ Committee Meetings
or replacement of: Remuneration and Nomination Committee meetings
i. Board of Commissioners and Board of are held regularly, at least 1 (one) time in 3 (three)
Directors to the Board of Commissioners months.
for submission to the GMS; and
ii. Senior Executive Officer to be submitted In 2023, the Remuneration and Nomination
to Board of Commissioners. Committee held 5 (five) meetings, including via
• Analyse and provide recommendations to teleconference, which were attended by more
the Board of Commissioners on candidates to than 51 per cent of the members including 1 (one)
be appointed to the Board of Commissioners Independent Commissioner and executive officer
overseeing Human Resources.
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Attendance of Remuneration and Nomination Committee members in the meetings conducted throughout
2023 are as follows:
Name Number of Meeting Attendance Percentage
VJH Boentaran Lesmana* 3 3 100%
Aswin Wirjadi** 2 2 100%
Chin Voon Fat 5 5 100%
Irene Wiryawan 5 5 100%
*) Mr VJH Boentaran Lesmana held the position as Chairman of Remuneration and Nomination Committee until 3 May 2023 and was re-
appointed since 24 November 2023
**) Mr Aswin Wirjadi held the position as Chairman of Remuneration and Nomination Committee since 3 May 2023 until 26 October 2023
The decisions at the meetings were made through deliberations to reach consensus or by simple majority of
votes in case of dissenting opinions. All decisions were recorded in the form of minutes of meeting signed by
all members of the Committee present and were properly maintained, including any dissenting opinions.
The results of the Remuneration and Nomination Committee meetings are in the form of recommendations
which can be used optimally by the Board of Commissioners.
The Work Programme of the Remuneration and Nomination Committee and its realisation in 2023 included but
were not limited to:
No. Work Programme Realisation
1. On Remuneration a. Reviewed the performance evaluation form for the Board of
Commissioners and the Board of Directors to be submitted to the
Board of Commissioners.
b. Provided recommendations on remuneration for the members of the
Board of Directors to be approved by the Board of Commissioners
and for the members of the Board of Commissioners to be approved
by the ultimate shareholder, namely UOB International Investment
Private Limited.
2. On Nomination a. Provided recommendations for the reappointment of members of
the Board of Commissioners.
b. Provided recommendations for the appointment of new Independent
Commissioner and Consumer Banking Director.
c. Provided recommendations for the appointment and extension of
the term of office of Senior Executive Officer.
3. Others a. Prepared and discussed the realisation of the Remuneration and
Nomination Committee Work Plan.
b. Discussed and provided input on reports presented by Human Re-
sources Function.
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3. Risk Monitoring Committee
Based on Board of Directors’ Decree No. 23/SKDIR/0058 dated 3 May 2023 on the Appointment of members
of the Risk Monitoring Committee, the Risk Monitoring Committee consists of 3 (three) members, namely:
Risk Monitoring Committee Members as of 31 December 2023
Name Composition
Wayan Alit Antara Chairman (Independent Commissioner)
Hendry Patria Rosa Member (Independent Party)
Nina Diyanti Anwar Member (Independent Party)
Term of Office
The term of office of the Risk Monitoring Committee
members is 2 (two) years and will expire in 2025. A Hendry Patria Rosa
member of the Risk Monitoring Committee whose Member (Independent Party)
term of office has expired may be reappointed. Age: 57 years old
Nationality: Indonesian
All members of the Risk Monitoring Committee have
high integrity and good moral character, in keeping
with the requirements of Risk Monitoring Committee
members as stated in Board of Directors’ Decree Legal Basis of Appointment
No.23/SKDIR/0138 on Policies and Procedures for Board of Directors’ Decree No.23/SKDIR/0058
the Nomination, Replacement and/or Dismissal of dated 3 May 2023
Members of the Board of Commissioners, Board of
Directors, Senior Executive Officers, and Committees Educational Background
Reporting to the Board of Commissioners, and also Bachelor of Geodetic Engineering from Gadjah
have met the criteria set by the Regulator. Mada University, Yogyakarta
Work Experience
• Member of Risk Monitoring Committee at
PT Bank UOB Indonesia (2015-present)
Wayan Alit Antara
• Banking Risk Management Trainer at PT Orbit
Independent Commissioner
Risk Management (2007-present)
Chairman of the Risk
• Branch Manager at PT Bank Artha Graha
Monitoring Committee
Internasional (1994-2007)
• Credit Auditor at PT Bank Bintang Manunggal
(1993-1994)
His profile can be found in the Profile of the Board Training
of Commissioners section of this Annual Report on • Webinar Batch 3 2022 “Perlindungan Konsumen
page 49. Dalam Era Digitalisasi, Penerapan Pengawasan
Market Conduct dan Dampaknya Bagi
Perbankan”
• UOB Indonesia Economic Outlook 2023 –
Emerging Stronger in Unity and Sustainably
Concurrent Positions
Integrated Corporate Governance Committee
Member, PT Bank UOB Indonesia, Jakarta
(2015-present)
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Duties and Reponsibilities
The Risk Monitoring Committee performs its duties,
Nina Diyanti Anwar responsibilities and authorities in accordance with
Member (Independent Party) the Work Guideline and Regulations of the Risk
Age: 62 years old Monitoring Committee, which cover:
Nationality: Indonesian a. Evaluation on the compatibility between risk
management policy and the implementation of
risk management policies;
b. Monitoring and evaluation on the implementation
Legal Basis of Appointment of duties of the Risk Management Committee;
Board of Directors’ Decree No.23/SKDIR/0058 c. Monitoring and evaluation on the implementation
dated 3 May 2023 of duties of the Risk Management Function Unit;
and
Educational Background d. Providing governance oversight on fraud risk for
Bachelor of Economics in Accounting, University of the Bank.
Indonesia
Attendance of Risk Monitoring Committee
Work Experience Meetings
• Member of Audit Committee at UOB Indonesia The meetings of the Risk Monitoring Committee
(2018–28 April 2021) were convened based on the needs of the Bank
• Member of Audit Committee at PT Maybank and were attended by members of the Committee
Indonesia Tbk (2012-2018) and Risk Management Work Unit as invitees (if
• Member of Audit Committee at PT GMF Aerosia necessary). In 2023, the Risk Monitoring Committee
(2006-2015) held 16 (sixteen) meetings, which were attended
• Member of Audit Committee at PT Semen Gresik by more than 51 per cent of members of the Risk
Tbk (2004-2011) Monitoring Committee.
• Group Head/Vice President Investor Relations
Division/Treasury Group/Assets Management
Divison in the Indonesian Bank Restructuring
Agency (IBRA) (2000-2004)
• Account Officer/AVP at ABN Amro Bank (1999-
2000)
• Senior Credit Analyst (1994-1995) and Account
Manager/Assistant Vice President (AVP) (1995-
1999) at Rabobank
• Account Manager at Bank Indovest (1989-1994)
• Financial analyst at USAID, Jakarta (1988-1989)
• Auditor at PricewaterhouseCoopers (1985-
1988)
Training
• Webinar Batch 3 2022 “Perlindungan Konsumen
Dalam Era Digitalisasi, Penerapan Pengawasan
Market Conduct dan Dampaknya Bagi
Perbankan”
• UOB Indonesia Economic Outlook 2023 –
Emerging Stronger in Unity and Sustainably
Concurrent Positions
-
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Completeness and Implementation of Committees’ Duties
The attendance of Risk Monitoring Committee members in the meetings conducted during 2023 was as follows:
Name Number of Meeting Attendance Percentage
Wayan Alit Antara 16 16 100%
Hendry Patria Rosa 16 16 100%
Nina Diyanti Anwar 16 16 100%
The decisions of the meetings were made through deliberations to reach consensus. All decisions of the
meetings, including any dissenting opinions, were recorded in the minutes of meeting and properly documented.
The Work Programme of the Risk Monitoring Committee and its realisation in 2023 included but was not
limited to:
No. Work Programme Realisation
1. Performing evaluation on Meetings were held periodically to evaluate on the compatibility
the compatibility between between risk management policy and strategy as developed by
risk management policy management with the implementation of risk management policies as
and the implementation of well as to discuss the Bank’s risk profile on quarterly basis.
risk management policies.
The Risk Monitoring Committee also performed periodic reviews on
soundness rating based on the Risk Based Bank Rating (RBBR), reviewed
adherence to the set out Risk Appetite Statements (RAS) parameters,
and conducted monthly review on risk profile specifically on credit risk,
operational risk, market risk and liquidity risk.
2. Monitoring and evaluating Meetings were held periodically to discuss the implementation of
the implementation of duties of the Risk Management Committee and Risk Management
duties and responsibilities Unit. In addition, the Risk Monitoring Committee has attended Risk
of the Risk Management Management Committee’s meeting to provide input regarding the
Committee and Risk implementation of risk management in the Bank.
Management Unit.
Furthermore, the Risk Monitoring Committee monitored the
implementation of duties of the Risk Management Committee and
the Risk Management Unit through evaluation and reviewed the Risk
Management Framework. In addition, the Risk Monitoring Committee
performed monitoring through meetings with the Risk Management
Unit to discuss the risks related to capital, risk indicators to ensure
compliance with the Bank’s risk appetite.
3. Providing governance Meetings were held periodically to discuss the implementation of
oversight on fraud risk for Integrated Fraud Management (IFM). The Risk Monitoring Committee
the Bank. performed evaluation on the Fraud Risk Management Framework,
monitored the effectiveness implementation of anti-fraud strategies
and fraud incidents that occurred in the Bank and the follow-up actions.
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Assessments of the Committee of the Board iii. Procurement of other goods and services
of Commissioners conforming to prevailing regulations.
The Board of Commissioners conducts an assessment EXCO approval is provided according to the
of its committees annually. Areas include the structure prevailing authority limits.
and composition of the committee, the effectiveness of c. Treasury & Investment Activities
the implementation of the duties and responsibilities Determining relevant policies and guidelines
by the committees, as well as the effectiveness of the for all dealers, officers and relevant committees
implementation of committee meetings. involved in the Treasury and Investment activities
of the Bank.
During 2023, the committees under the Board of d. Credit Decision
Commissioners have conducted self-assessment To make decisions on credit matters in
to evaluate their performance. All committees accordance with its discretionary limit that
have performed their duties and responsibilities includes all types of exposures, direct and/or
and provided recommendations that support the contingent, such as exposures to counterparties
effectiveness of implementation of the duties and and customers arising from lending/financing,
responsibilities of the Board of Commissioners. underwriting/syndication, securities (loan
replacement), derivative instruments, settlement
risks, interbank limit, End Financing (EF)
mortgages limit and other product programmes.
B. Committees Reporting to the
e. Others
Board of Directors i. Deciding on urgent and important business of
a confidential nature or requiring immediate
1. Executive Committee (EXCO) and/or prudent decision, but this delegation
to the EXCO must be endorsed by the Board
EXCO Duties and Reponsibilities Guideline of Directors.
The guidelines supporting the implementation of ii. Deciding on business matters which are of
EXCO’s duties and responsibilities, are listed in unusual or extraordinary nature or which
the Board of Directors’ Decree No. 20/SKDIR/0100 have strategic or significant impact (financial
dated 16 December 2020 regarding Executive or otherwise) on the Bank.
Committee (EXCO). The composition as well as iii. Performing such other functions as may
the duties and responsibilities of the EXCO are as be delegated to it from time to time by the
follows: Board of Directors.
a. Strategic Policies
i. Submitting proposals and recommendations The EXCO is required to report to the Board of
to the Board of Commissioners regarding Directors and Senior Executive Officers on meetings
medium-term and long-term objectives, where major decisions were made.
strategic directions, goals and priorities of
the Bank.
ii. Formulating and reviewing policy matters,
with a view towards the overall planning
and development of strategies to achieve
medium-term and long-term objectives of
the Bank.
b. Expense for Properties Purchase/Other Capital
Expense
Analysing and deciding or approving proposals
or requests concerning:
i. Purchase or sale of the Bank’s Fixed Assets.
ii. Purchase or sale of the Bank’s inventory,
including computer hardware and software.
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Executive Committee Members as of
31 December 2023
Chairman and acting Permanent Member President Director
Vice Chairman and acting Permanent Member Finance and Corporate Services Director*
Permanent Members • Technology and Operations Director*
• Wholesale Banking or Consumer Banking
Director**
• Risk Management Director**
• Head of Related Credit**
Secretary • Corporate Secretary Head*
• Related Credit Approval Division**
* Non-Credit related
** Credit related
EXCO Meetings
EXCO meetings are held as necessary, depending on the volume and urgency of issues requiring follow
up. EXCO meetings may be attended in person by EXCO members or via telephone/video conference. The
quorum is at least the majority of EXCO members (>50 per cent), including the EXCO Chairman or EXCO Interim
Chairman if the Committee’s Chairman is unavailable.
Attendance of Executive Committee Non Credit Related members in the meetings conducted throughout 2023
are as follows:
Name Number of Meeting Attendance Percentage
Hendra Gunawan 4 4 100%
Teh Han Yi 4 4 100%
Paul Rafiuly 4 4 100%
Decision Making
Decisions made at EXCO meetings shall be made through deliberation to achieve a consensus. In the event
that a consensus cannot be reached, the Chairman of the Committee or Interim Chairman has the final casting
vote. EXCO decisions may also be made by circulation, provided that EXCO members have been notified in
writing of the proposal submitted. Decisions made in such manner shall be as valid as decisions made at any
EXCO meeting.
All decisions of meetings are stated in the minutes of meeting signed by attending Committee members and
properly maintained, including any dissenting opinions.
The Work Programmee of EXCO and its realisation in 2023 includes but was not limited to:
No. Work Programme Realisation
1 Formulating and reviewing any issue on policies EXCO members have reviewed issues on policies
by taking into consideration all planning and by taking into consideration all planning and
implementation of strategy to achieve the Bank’s implementation of strategy to achieve the Bank’s
medium-term and long-term goals. medium-term and long-term goals.
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No. Work Programme Realisation
2 Analysing and making decisions for proposals The EXCO has conducted meetings to discuss
or requests related to property and other matters such as Network Strategic Plan, Workplace
capital expense to be in line with the prevailing Strategy, non-operation assets divestment, and
regulation. progress update on ongoing projects.
3 Providing credit decisions in accordance with The EXCO has provided credit decisions in
its discretionary limit that includes on all types accordance with its discretionary limit.
of exposures, direct and/or contingent, such
as exposures to counterparties and customers
arising from lending/financing, underwriting/
syndication, securities (loan replacement),
derivative instruments, settlement risks, interbank
limit, end financing mortgages limit, and other
product programme.
2. Assets and Liabilities Committee (ALCO)
Based on Board of Directors’ Decree No. 23/SKDIR/0054 dated 18 April 2023, the composition of Asset &
Liability Management Committee is as follows:
Assets and Liabilities Committee Members
as of 31 December 2023
Chairman President Director
Deputy Chairman Finance & Corporate Service Director
Secretary Market & Balance Sheet Risk Management Head
Permanent Members • Risk Management Director
• Wholesale Banking Director
• Consumer Banking Director
• Global Markets Director
• Head of Transaction Banking Head of Risk ManagementCentral Treasury
Unit Head
• Deposit & Wealth Management Head
The ALCO meeting shall be held based on the requirements of the Bank, or at least once a month.
Attendance of Assets and Liabilities Committee members in the meetings conducted throughout 2023 are as
follows:
Name Number of Meeting Attendance Percentage
Hendra Gunawan 14 13 93%
Teh Han Yi 14 13 93%
Henry Santoso 13 12 92%
Harapman Kasan 14 9 64%
Choi Yau Chi 14 3 21%
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Name Number of Meeting Attendance Percentage
Sonny Samuel 14 13 93%
W. Kartyono 14 14 100%
Jemy Kristian Soegiarto 14 14 100%
Stanly Gunawan 14 14 100%
Vera Margaret 14 12 86%
Duties and responsibilities of the ALCO are as follows:
a. Grant approval for the following:
• Market Risk Management Policy, Interest Rate Risk in Banking Book Management Policy, Liquidity
Risk Management Policy, and Fund Transfer Pricing Policy and related model/methodologies and
assumptions used in the asset and liabilities management:
• Delegation of risk appetite limits, risk control limits and risk limits relating to Market Risk, Interest Rate
Risk in Banking Book and Liquidity Risk;
• Ratification of limits excesses by businesses;
• Granting of temporary limits by businesses;
• Reviewed limits at least once a year;
• Strategic Pricing, Fund Transfer Pricing, and Prime Lending Rate; and
• Funding strategies (Target Balance Sheet Mix, debt issuance) and market risk valuation adjustment.
b. Provide endorsement for the following:
• Framework relating to Balance Sheet Risk Management (Interest Rate Risk in Banking Book and Liquidity
Risk); and
• Review and recommend Internal Model related initiatives (when ready) used in regulatory reporting.
c. Monitoring and Reporting:
• Monitor and highlight limits excesses of risk appetite limits, risk control limits and other risk limits
concerning market risk, interest rate risk in banking book and liquidity risk; for escalation to Risk
Management Committee and Board of Directors;
• Monitor, assess and review critical market, market risk, interest rate risk in banking book and liquidity
risk profiles and exposure, vulnerabilities, Profit & Loss, material issues and major transactions;
• Monitor earnings spread, asset/liability distributions and maturity, liquidity risk, market risk, and capital
allocations for market risk;
• Provide forums for discussion and decisions related all aspects of market risk, interest rate risk on
banking book and liquidity risk;
• Ensure compliance with regulatory requirements that are relevant to market risk, interest rate risk in
banking book and liquidity risk management;
• Review current and prospective liquidity positions and monitor alternative funding sources; and
• Monitor and ensure a sufficient liquidity is available for unanticipated contingencies.
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The Work Programme of ALCO and its realisation in 2023 includes but were not limited to:
No. Work Programme Realisation
1 To conduct ALCO meeting During 2023, ALCO held 14 (fourteen) meetings. Several proposals
at least once a month, or as approved by ALCO are as follow:
necessary due to changes in • Monthly discussion of market condition and liquidity risk
national economic conditions, highlight;
or the Bank’s condition and risk • Liquidity Risk Management Policy and Banking Book Interest
profile, particularly market and Rate Risk Management Policy annual review;
liquidity risk. • Market Risk Management Policy annual review;
• Market Risk Management Limits and Mandates 2024;
• Balance Sheet Risk Management Limits and Mandates 2024.
• Liquidity Early Warning Indicators annual review;
• Liquidity Premium and Liquidity Charge Calibration; and
• Monthly Prime Lending Rate publication.
ALCO has also discussed other significant issues regarding market
and liquidity risks, among others:
• Simulation impact of interest rate changes on Bank’s capital;
• Liquidity Crisis Exercise;
• IBOR transition to Alternative Reference Rates;
• Hold to Collect portfolio size cap;
• Prime Lending Rate methodology; and
• Impact of CITI’s portfolio to Bank’s liquidity risk profile.
3. Risk Management Committee
Based on Board of Directors’ Decree No. No.23/SKDIR/0088 dated 11 September 2023, the composition of Risk
Management Committee (RMC) is as follows:
Risk Management Committee Members as of 31 December 2023
Chairman Risk Management Director
Deputy Chairman Finance & Corporate Service Director
Secretary Enterprise Risk Management Head
Permanent Members • President Director
• Wholesale Banking Director
• Technology & Operations Director
• Compliance, Legal & Corporate Secretary Director
• Global Markets Director
• Consumer Banking Director
• Head of Risk Management
• Head of Internal Audit
• Head of Human Resources
• Head of Channels and Digitalisation
• Legal Head
• CEO Office Head
RMC meetings are held on a regular basis, with a minimum of 10 (ten) meetings per year.
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Attendance of Risk Management Committee members in the meetings conducted throughout 2023 are as
follows:
Name Number of Meeting Attendance Percentage
Henry Santoso 26 26 100%
Teh Han Yi 26 23 88%
Hendra Gunawan 26 25 96%
Paul Rafiuly 26 23 88%
Harapman Kasan 26 23 88%
Sonny Samuel 26 21 81%
Ardhi Wibowo 26 22 85%
Choi Yau Chi 26 17 65%
Gevy Q. Wulandari 19 15 79%
Jemy Kristian Soegiarto 26 25 96%
Imbang Perdana Satryawan 26 24 92%
Edisono Limin 26 21 81%
Irvan Gunardwi 26 23 88%
Andreas Eduardo Lazuardi 26 21 81%
The duties, authorities and responsibilities of the RMC are as follows:
a. Recommend or approve Bank-wide risk management strategies, model and methodologies, policies,
frameworks, and guidelines.
b. Endorse or approve the improvement and development plans of risk management of the Bank based on
the result of the risk management implementation evaluation.
c. Ensure an effective risk management implementation through proper risk measurement methodologies.
d. Recommend and/or approve the Risk Appetite and tolerable risk thresholds or limits, as well as monitor
and manage risk portfolio of the Bank so that it remains within the prescribed risk limit.
e. Monitor and assess Risk Culture and Conduct Risk, among others through review of Risk Culture Dashboard,
which sets out the metrics to track risk culture and conduct risk.
f. Evaluate and approve the result of self-assessment on the Bank soundness rating (Risk Based Bank Rating),
including the self-assessment on the risk profile rating of the Bank.
g. Assess and evaluate the internal capital adequacy of the Bank, to ensure the Bank has an adequate
capital based on its risk profile.
h. Provide a forum for discussion and decision on issues, matters, and Regulatory changes impacting the
risk and capital of the Bank, including approval on exceptional business decisions from established risk
management policy and procedures, among other taking position or risk exposure beyond tolerable risk
thresholds or limits.
i. Review and approve Bank-wide stress test scenarios, assumptions, methodology, result, and risk mitigation
actions to be taken, as well as contingent plans if needed.
j. Develop Bank-wide risk awareness culture and foster commitment in managing risk, including enforcement
of consequence management through the performance appraisal and sanction, if needed.
k. Monitor and evaluate fraud investigation reports including follow up actions.
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l. Review and decide resolution for un-resolved issues or matters from new product and activity review
process escalated by new product and activity assessment parties through Operational Risk Management
Division.
m. Review and approve new outsourcing activity, proposal of new Bank-wide insurance, and renewal of Bank-
wide insurance.
n. Review and approve new Product Programme and its periodic review.
The Work Programme of RMC and its realisation in 2023 included but were not limited to:
No. Work Programme Realisation
1. RMC meeting is held in a regular In 2023, RMC meetings were conducted 26 (twenty six) times, 20
basis, with minimum of 10 (ten) (twenty) regular meetings and 6 (six) ad-hoc meetings.
meetings per year.
2. The topics discussed in RMC • The Bank’s Risk Profile was discussed and approved every
meeting are, but not limited to: quarter, and Bank Soundness Rating every semester.
a. Risk Profile; • In 2023, frameworks, policies, and guidelines recommended
b. Bank Soundness Rating; and approved through RMC were Risk Appetite Framework &
c. Risk Appetite; Statement, Business Unit Risk Appetite Statement, Technology
d. Risk Management policy, Risk Management Framework, Third Party Non-Outsourcing
guidance and procedure; Risk Management Policy, Technology Risk Management
e. Capital Adequacy Policy, Risk Based KPI Guidelines, IT Security Management
assessment; and Cyber Resiliency Policy, Reputational Risk Management
f. Stress Test; Policy, Fraud Risk Management Framework, Anti-Fraud
g. Key Operational Risk Policy, Recovery Plan Framework, Capital Management
Indicators (KORI) and Framework, Environmental Risk Management Framework,
potential or incident of Operational Risk Management Framework, Operational
Operational Risk which are Risk Management Policy, Outsourcing Procedure, Business
deemed significant to the Continuity Management Policy, Outsourcing Policy, Policy on
Bank’s risk profile; Staff Trading in Securities, Financial Advisory Services & Sales
h. Issues related to Fraud; Investment of Product Policy, Guidelines on Implementation of
i. Issues that are significant to Good Corporate Governance, Risk Management Framework,
the Bank’s position; and Personal Data Protection New Policy, Managing Legal Risk
j. Other matters, including Policy, Stress Testing Policy, Model Risk Governance Policy,
discussion regarding the Banking Operations Policy, Product Programme/Service Policy,
Bank’s main risks that are not Insurance Management Policy, and Data Leakage Incident
covered in other Committees Management Guidelines.
such as Strategic, Compliance,
Legal and Reputation Risk.
• The RMC also reviewed and approved Product Programmes
(PP), i.e. PP Foreign Government Bond, Supplier Finance,
Account Receivable Purchase, Dealer/Distributor Financing,
Early Payment Discount, Target Redemption FX Structure, FX
Bundle Umbrella, Supplier Finance, Risk Participation, Bond
Futures, Interest Rate Futures, Callable Government Bonds, FX
Digital Option, and FX Accrual Option.
• Updates on other significant issues regarding the Bank’s risk
exposure, such as Legal, Compliance, Information Security were
discussed regularly every quarter, also related to Operational
and Technology risks were discussed every month in RMC.
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RMC has sub-committees, as follows:
a. Anti-Money Laundering Committee
Based on Board of Directors’ Decree No.23/SKDIR/0103 dated 24 October 2023 concerning Anti-Money
Laundering Committee, the composition of Anti-Money Laundering Committee (AMLC) is as follows:
Anti-Money Laundering Committee Members as of 31 December 2023
Chairman (also act as member) Compliance, Legal & Corporate Secretary Director
Deputy Chairman Risk Management Director
Member • Wholesale Banking Director
• Consumer Banking Director
• Technology and Operations Director
• Head of Channels & Digitalisation
• Wholesale Banking Business Management Head
• Consumer Banking Branch Governance & MDO Support Head
• AML/CFT & Sanctions Head
AMLC shall meet once every two months and meetings may be conducted more often when a decision in line
with its duty, authority and responsibility is required. In this case, the AMLC secretary will initiate a meeting/
request for approval via circulation.
The attendance of Anti-Money Laundering Committee members in the meetings conducted during 2023 was
as follows:
Name Number of Meeting Attendance Percentage
Ardhi Wibowo 8 8 100%
Henry Santoso 2 2 100%
Harapman Kasan 2 2 100%
Choi Yau Chi 8 2 25%
Paul Rafiuly 2 2 100%
Edisono Limin 8 7 88%
Ferdy Djojo 2 1 50%
Elly Sandora 8 7 88%
Febian Satria Nugraha 2 2 100%
Should there be urgent AML/Sanctions cases that require immediate attention, ad-hoc meetings will be called.
In the event that such meetings cannot be convened, the cases will be circulated to the AMLC members via
e-mail or members that participate via teleconference.
Duties, authorities and responsibilities of AMLC are to:
a. Approve and endorse the Bank’s AML Business Management Tolerance metrics and monitor the Bank’s risk
profile against Bank’s AML Business Management Tolerance (including oversight of any return-to-appetite
plans).
b. Approve the Bank’s AML/CFT/WMD/ Sanctions risk and control frameworks and policies.
c. Monitor material and emerging AML/CFT/WMD/Sanctions risk and oversee relevant action plans.
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d. Oversee AML/CFT/WMD/Sanctions strategic 7. Discussion of the principles of Post STR Review
initiatives. in AML Uplift;
e. Oversight of Bank’s meeting of material AML/ 8. Discussion regarding plans for AML Data Quality
CFT/WMD/Sanctions related Regulatory and its impact on the AML Process in connection
commitments and adequacy of responses. with Operation Day 1 (OD1); and
f. Provide oversight of material AML/CFT/WMD/ 9. Adjustment of Policy & Procedure based on
Sanctions issues, internal and external, including POJK No. 8th 2023.
business continuity preparedness and being
notified of approved deviations from policies In addition, the AMLC also conveyed the request for
and procedures. approval on AML/CFT Guidelines and Procedure,
g. Oversee the effectiveness of AML/CFT/ WMD/ Bank’s Anti-Money Laundering Committee;
Sanctions operations, and overall health of Submission of 2022 Enterprise Wide Risk Assessment
AML/CFT/ WMD/Sanctions control frameworks (EWRA) results.
including assurance and audit outcomes.
h. Oversee outcomes and action plans from Bank’s
Enterprise-wide AML/CFT/WMD/Sanctions Risk
Assessment.
i. Make decisions on customer cases escalated
per policy/procedures.
j. Oversight of BU AMLF and CAMLF.
During 2023, AMLC held 8 (eight) direct meetings.
During the AMLC meetings the implementation
of AML/CFT programmes were reported, among
others:
1. Report on the effectiveness and operations
of APU-PPT implementation, which contains,
among other things, Rejection of prospective
customers due to TPPU/TPPT reasons, KYC
Periodic Review Monitoring, Trigger Event,
Transaction Monitoring, Name Screening,
Termination of business relationships/account
closure, Incomplete CDD;
2. Results of the AML/CFT Compliance Assurance
and follow-up actions;
3. Data Quality Monitoring Implementation Report
& APU/PPT e-learning Implementation Report
for New Employees;
4. Submission of the amount of ODD (On-Going
Due Diligence) overdue and OD1 (Operation Day
One) preparation in the PFS (Personal Financial
Services) segment;
5. Delivery of the AML Uplift Program, such as the
structure of the AML Committee & AML Forum in
each segment and related implementation;
6. Discussion regarding the AML Tuning schedule
for the transaction monitoring system;
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b. Business Continuity Management Committee
Based on Board of Director’s Decree PT Bank UOB Indonesia No.23/SKDIR/0091 dated 20 September 2023,
the composition of Business Continuity Management (BCM) Committee is as follows:
Business Continuity Management Committee Members as of 31 December 2023
Chairman (Recovery Director) Technology and Operations Director
Deputy Chairman (Alternate Finance and Corporate Services Director
Recovery Director)
Secretary Business Continuity Management - T&O Risk Governance and Assurance
Permanent Members • Compliance, Legal & Corporate Secretary Director
• Global Markets Director
• Head of Human Resources
• Head of Risk Management
• Head of Strategic Communications & Brand
• Head of CEO Office
• Head of WB, Markets and Enterprise T&O
• Head of Channels & Digitalisation
• Head of Corporate Real Estate Services
• Head of Retail Operations
• Head of Wholesale Operations
• Head of Consumer Banking Branch Gov & MDO Support
• Head of Credit Administration & Control
• Head of Customer Experience & Advocacy
BCM Committee Meeting is held at least twice a year.
The attendance of Business Continuity Management Committee members in the meetings conducted during
2023 was as follows:
Name Number of Meeting Attendance Percentage
Paul Rafiuly 2 2 100%
Teh Han Yi 2 2 100%
Sonny Samuel 2 2 100%
Ardhi Wibowo 2 2 100%
Gevy Q Wulandari 2 2 100%
Edisono Limin 2 2 100%
Maya Rizano 2 2 100%
Amelia Ragamulu 2 2 100%
Indra Gunawan 2 2 100%
Andreas Eduardo L 2 2 100%
Susan Kwanto 2 2 100%
Ali Budiman 2 2 100%
Alexander Husin 2 2 100%
Jemy Kristian 2 2 100%
Elly Sandora 2 2 100%
Stella Damayanti 2 2 100%
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The duties and responsibilities of BCM Committee are:
a. Ensuring that the business continuity management (BCM) of the Bank is effective and comprehensive
b. Ensuring that potential business continuity disruptions are managed to meet its business needs and
obligations
c. Endorsing BCM strategies
d. Approving the list of the Critical Business Functions and Critical Systems in the Bank
e. Approving the BCM Task Force (BCMTF) Crisis Management Plan in the Bank, and define clear decision
making authority in the event of a crisis;
f. Providing direction for resolution on BCM issues of UOBI
g. Ensuring appropriate governance is in place for UOBI to evaluate risks, identify mitigating initiatives and
exercise business continuity / IT Disaster Recovery plans;
h. Endorsing deviation from BCM Policy prior to approval by RMC
i. Approving the Business Continuity Risk Assessment for the Bank
j. Reviewing regular reports on the status of the BCM Programme in the Bank
k. Reviewing annual BCM attestation in the Bank
The Work Programme of BCM Committee and its realisation in 2023 included but were not limited to:
No. Work Programme Realisation
1 Ensuring that the business continuity management Ensuring the status update of the BCM programme
(BCM) of the Bank is effective and comprehensive had been reported to BCM Committee twice a
year.
2 Ensuring that potential business continuity Business Continuity Risk Assessment had been
disruptions are managed to meet business needs reviewed in annual basis and reported to BCM
and obligations Committee
3 Endorse BCM strategies Governance and strategy BCM by ensuring all 7
BCM principles are fulfilled in Y2023
4 Approve the list of the Critical Business Functions Approved the updated list of critical functions &
and Critical Systems in the Bank systems 2023
5 Approve the BCM Task Force (BCMTF) Crisis BCM TOR and Task Force members had been
Management Plan in the Bank, and define clear reviewed and approved during the 1st BCMC on
decision making authority in the event of a crisis; 26 July 2023
6 Provide direction for resolution on BCM issues of Update on BCM Programme had been provided
the Bank to BCMC in regular basis
7 Ensure appropriate governance is in place for Endorsed regular reports on BCM programme
the Bank to evaluate risks, identify mitigating activities including DR Exercise scope and result.
initiatives and exercise business continuity / IT
Disaster Recovery plans;
8 Endorse deviation from BCM Policy prior to BCMC will provide an endorsement should there
approval by RMC be any deviation from the BCM Policy
9 Approve the Business Continuity Risk Assessment Approved the business continuity risk assessment
for the Bank 2023
10 Review regular reports on the status of the BCM Governance and strategy BCM by ensuring all 7
Programme in the Bank BCM principles were fulfilled in Y2023
11 Review annual BCM attestation for the Bank BCM Committee has reviewed and approved the
Y2023 BCM Attestation for the Bank
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4. Credit Policy Committee Number of
Based on Board of Directors’ Decree No. 23/ Name Attendance Percentage
Meeting
SKDIR/0105 dated 27 October 2023 the composition
Jemy Kristian
of Credit Policy Committee (CPC) is as follows: 21 18 86%
Soegiarto
Credit Policy Committee Members
as of 31 December 2023
Roles and responsibilities of the CPC are:
Chairman Risk Management Director
Deputy Compliance, Legal & Corporate Roles
Chairman Secretary Director a. To provide recommendation and initial approval
of Credit Policy that will be approved and
Secretary Credit Risk Management
enforced by the Board of Directors.
Permanent • Wholesale Banking Director b. To oversee the proper application and execution
Member • Consumer Banking Director of the Bank’s Credit Policy.
• Technology and Operations c. To formulate solutions to address issues arising
Director from the implementation of the Bank’s Credit
• Head of Internal Audit Policy.
• Head of Retail Credit d. To conduct regular review of the Bank’s Credit
• Head of Corporate Credit Policy and give suggestions to Directors on
• Head of Commercial & FI changes or improvements to the Credit Policy,
Credit 1 where necessary.
• Head of Commercial & FI e. To monitor and evaluate the development
Credit 2 and quality of the credit portfolio as a whole
• Head of Risk Management (including rating grade distribution, migration
and exposure reports).
CPC meeting shall be held based on the necessity f. To monitor and evaluate the adherence to the
of the Bank. prevailing Credit Policy, laws and other rules in
the implementation of fund provision.
Attendance of Credit Policy Committee members in g. To monitor and evaluate the effectiveness of the
the meetings conducted throughout 2023 are as credit risk management structure.
follows: h. To monitor and evaluate if the credit discretionary
Number of limit had been implemented correctly.
Name Attendance Percentage i. To give input to the Board of Directors on
Meeting
the determination of the authority of credit
Henry Santoso 21 21 100%
discretionary limit.
Ardhi Wibowo 21 18 86%
j. To monitor and evaluate the correctness of fund
Harapman provision process, development, and quality
21 18 86%
Kasan of given to Bank’s related parties and large
Choi Yau Chi 21 12 57% exposure obligors.
Paul Rafiuly 21 18 86% k. To monitor and evaluate the correctness of the
Imbang
implementation of Legal Lending Limit (LLL)
21 20 95% regulation.
Perdana
l. To monitor and evaluate the settlement of non-
Ratnasari
21 20 95% performing loans as set out in the Bank’s Credit
Kartawiria
Policy.
Siswo m. To monitor and evaluate the Bank’s efforts to
Soebianto 21 20 95% fulfill the adequacy of General Provision.
Iksan
FX Yanto Edy
21 21 100%
Umar
Rudy Widjaja 21 18 86%
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n. To monitor and evaluate the adequacy of credit infrastructure owned by Bank.
o. To approve, monitor and evaluate the implementation and execution of Internal Rating Based (IRB) Credit
Risk parameter, models and scorecard.
Responsibilities
a. Submit written report in a regular basis (at least once a year) to the Board of Directors with a copy to
Commissioners, in relation to:
• Supervision of Credit Policy implementation and execution; and
• Monitoring and evaluation of items stated in the Duties of CPC.
b. Provision inputs on corrective actions to the Board of Directors with a copy to the Board of Commissioners
in relation to the responsibilities of CPC on part (a) above.
The Work Programme of CPC and its realisation in 2023 included but were not limited to:
No. Work Programme Realisation
1. Monitoring and evaluating CPC held in total of 21 (twenty-one) meetings during the year of 2023.
credit portfolio quality,
stress-testing and other During 2023, CPC has also reviewed and endorsed/approved among
significant issues related to others:
credit business. • GM LLL Alert Trigger Review, Handling of Cash Collateral for FX
& Derivative, Cash Collateral for FX & Derivative, Performance of
Segment M4 dan M5 for Cash on Phone, Card Rescore Test Limit &
Period (Avatec & Internal Machine Learning), Golden List Temporary
Limit Increase, Portfolio Review Document renewal, CashPlus Product
Review Document, Risk Discipline Framework (RDF) Validation,
Revised Treatment of Stale Financials for Large Corporate and Small
Medium Enterprise Models and Restructure Portfolio Stress Test/
Scenario Analysis, and General Insurance Partner Annual Review.
• Annual review and update related to BB Credit Underwriting Engine
Model Review & B-score Model Review, 2022 UOBI PFS Credit Card
Application and Behavioral Scorecard Model Review, IPRE model
review 2022, Application and Behavior Scores Model Validation for
Retail Banking, Annual Industry Risk Review and SME Model Review.
CPC periodically monitors:
• The Bank’s credit portfolio. The Bank’s credit exposure is monitored
for each business segment i.e, Corporate Banking, Commercial
Banking and Financial Institutions, Business Banking, Housing Loan
and Secured Lending (HLS) and Unsecured Business.
• Concentration limit for both regulation and internal cap such as
foreign currency loan concentration, LLL, and provision made by
the Bank through Credit Risk Highlight updates. This action has
supported CPC in giving the right direction for the Bank’s credit
portfolio.
• Large exposure borrowers.
• The covenant fulfillment of Wholesale Banking i.e Breach Letters
Monitoring, TBO Update, etc including the related business process
improvement.
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No. Work Programme Realisation
2. Review and provide During 2023, CPC reviewed, endorsed/approved and provide
recommendations on the recommendations on the new and revised credit policies/product
credit policy as well as programmes, including:
credit discretionary limit • The Bank’s umbrella credit policy and credit risk management
implementation. framework as outlined in the Credit Risk Management Policy.
• Core Credit Policies that provide the general lending principles,
process and minimum control requirement apply to certain business
segment such as General Credit Policy for Corporates and Financial
Institutions, as well as Consumer Credit Policy.
• Specific credit policies as derived from the core credit policy that
provide a more granular guidance to be implemented according
to related business segments among others including: Securities
Financing Trading (SFT) Framework, GM-PLM and MMD Framework,
Fixed Income Credit Derivatives Framework, EF Framework for
Housing Loans, EF Framework BUC Projects for Commercial &
Industrial Property, Policy harmonisation Cards Portfolio and
Cashplus, Business Banking Country Lending Programme Renewal,
COVID-19 Credit Approach in a Downturn Cycle Transition, Roll Back
to L1 Policy for Credit Card, Revamped BizSol Trade Test Programme
& FSCM, BB Anti-Attrition Programme, Revamped BizSol Higher LTV
Test Programme, Delegation of Authority Governance for Credit Risk
Management of PFS Loans Portfolio, Covid19 General Credit Relief
Policy & Guideline, Credit Concentration Risk Management Policy
Annual Review 2023, and Credit Insurance Collateral Policy Annual
Review 2023.
• Credit Discretionary Limit Framework (CDL) update for FI segment
(Banks & Sovereign) and CDL to credit officers.
• Review and update Term of Reference related to CPC, CMWG, EXCO,
and CC.
5. Human Resources Committee
Based on Board of Directors’ Decree No. 23/SKDIR/0134 dated 19 December 2023 concerning Human
Resources Committee in Head Office, the composition of Human Resources Committee (HRC) is as follows:
Human Resources Committee Members as of 31 December 2023
Chairman President Director
Members • Finance & Corporate Services Director
• Wholesale Banking Director
• Strategic Business Development, Retail & Channels Transformation Director
• Head of Human Resources
Secretary HR Leadership Team or HR Business Partner Lead
HRC meetings are held as and when required, or at least once in every 3 (three) months.
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Attendance of Human Resource Committee members in the meetings conducted throughout 2023 are as
follows:
Name Number of Meeting Attendance Percentage
Hendra Gunawan 15 15 100%
Teh Han Yi 15 13 87%
Harapman Kasan 15 14 93%
Jenny Hadikusuma /
5 / 10 5 / 10 100%
Gevy Q Wulandari*
Choi Yau Chi 15 13 87%
*) Jenny Hadikusuma held the position as a member of HR Committee until 2 May 2023 and continued by Gevy Q Wulandari effective as
of 3 May 2023.
The duties and authorities of HRC are to: Authorities
• Review and approve proposed key HR policies
Duties and programmes presented.
• Review and approve HR strategy to support the • Review HR strategies including resourcing,
company’s strategy and objectives. remuneration, retention, motivation, employee
• Review and approve HR policies which cover: engagement and development.
Recruitment and Assessment, Organisation • Review and approve HR policies and programs
Development, Learning and Development, in talent management and succession planning.
Talent Management, Employee Performance • Review and approve identified talents for the
Management, Reward and Recognition. Bank and regional level.
• For non material changes, review and approval • Review and approve overall employee
would be given by Head of Human Resources. performance rating, compensation standard
• To ensure the execution of HR strategy and HR and performance bonus distribution.
policies. • Review and approve promotion guidelines and
employee promotions.
• Provide recommendations to the Remuneration
and Nomination Committee regarding the
appointment or replacement of Senior Executive
Officers based on competencies, capabilities
and experiences, HRC can also recommend the
remuneration package.
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The Work Programme of HRC and its realisation in 2023 included but were not limited to:
No. Work Programme Realisation
1. HRC meetings are held as required, HRC had fulfilled its work programme in having minimum one
or at least once in every 3 (three) meeting every quarter and in 2023, HRC was conducted 15
months. (fifteen) times in a year.
2. Issues or topics discussed at the a. HRC meeting conducted employee performance and
HRC meetings include, but are not promotion calibration. HRC endorsed the guidelines of
limited to: employee salary increment 2023 and performance bonus
a. Recruitment and Assessment; distribution for 2022 that paid in February 2023.
b. Organisation Development; b. Discussed and decided on the follow-up on cases of
c. Learning and development; violations of code of ethic and corporate values or fraud
d. Talent Management; or employee disciplinary actions, which had been reviewed
e. Employee Performance previously by the ethic panel.
Management; and c. Endorsed the revision of HRC membership and terms of
f. Reward and recognition. reference.
d. Approved the redefinition of new Senior Executive Officers.
e. Discussed the succession and talent pool to ensure the
availability of successor for critical positions - Function
Head, Regional Manager and Division Head.
f. Approved the development programmes for certain
successors and employees with potential.
g. Approved the strategic framework for talent development,
including regional assignment and monitoring of the
execution of development plans for key talents in the Bank.
h. Approved several benefit guidelines, such as tactical incentive
programme and also reviewing benefit harmonisation.
i. Approved the awardees of the UOB Recognition Programme
for 2023.
6. Credit Committee
Based on Board of Directors’ Decree No. 23/SKDIR/0010 dated 25 January 2023 concerning Executive
Committee – Credit (EXCO) and Credit Committee (CC), the composition of the Credit Committee is as follows:
Credit Committee Members as of 31 December 2023
Chairman President Director
Permanent Member • Risk Management Director
• Wholesale Banking Director or Consumer Banking Director
• Head of Related Credit
- Head of Corporate Credit
- Head of Commercial & FI Credit 1a
- Head of Commercial & FI Credit 2a
- Head of Retail Creditb
- Head of Business Banking Creditc
Secretary Related Credit Division
a
For Commercial Banking & FI credit proposal
b
For PFS credit proposal
c
For Business Banking credit proposal
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Discretionary Authority Attendance of Information Technology Committee
1. To provide credit decision in accordance with members in the meetings conducted throughout
its discretionary limit that includes on all types 2023 are as follows:
of exposures, direct and/or contingent, such
Number of
as exposures to counterparties and customers Name Attendance Percentage
Meeting
arising from lending/financing, underwriting/
Hendra
syndication, securities (loan replacement), 15 15 100%
Gunawan
derivative instruments, settlement risks,
interbank limit, End Financing (EF) property limit Paul
15 15 100%
and other product programme. Rafiuly
2. To coordinate with the Assets and Liabilities Teh Han Yi 15 11 73%
Committee (ALCO) in the aspects of Credit Henry
Financing. 10 10 100%
Santoso*
Ardhi
In 2023, 393 credit proposals were submitted to 15 14 93%
Wibowo
the Credit Committee, consisting of 24 proposals
Andreas
from Business Banking segment, 114 Corporate
Edo 15 15 100%
Banking segment, 271 proposals from the
Lazuardi
Commercial Banking segment, 30 proposals from
Financial Institution segment, 28 proposals from *) Mr Henry Santoso effectively served as ITC Member as per
May 2023
Special Asset Management, 5 proposals from PFS
Unsecured Credit segment.
Duties, authorities and responsibilities of ITC are as
follows:
7. Information Technology Committee
Based on Board of Directors’ Decree No.23/
Duties and Responsibilities
SKDIR/0062 dated 4 May 2023 concerning PT Bank
• Assisting the Bank in deciding and supervising
UOB Indonesia Information Technology Committee,
the Bank’s investments in the field of IT, and also
the composition of Information Technology
being responsible for developing infrastructure,
Committee (ITC) is as follows:
IT security and strategic plans for information
Information Technology Committee Members technology, while ensuring that everything is in
as of 31 December 2023 line with the business strategy of the Bank.
• Discussing specifically about plans on
Chairman President Director information technology development, either
Technology and Operations currently applied by the Bank or new technology.
Deputy Chairman
Director • Discussing a policy format in relation to the
utilisation of information technology such
Member • Finance and Corporate
as utilisation of software, hardware, and
Services Director
professional service to be engaged.
• Risk Management Director
• Assisting the Bank in directing, overseeing and
• Compliance, Legal &
managing information technology security risk
Corporate Secretary
in accordance with technology security policies.
Director
• Reviewing the progress of IT key activities on
• CEO Office Head
periodical basis, in order to ensure sufficient
Bank resources to support the IT key activities
ITC meeting shall be held on regular basis, at least
and to resolve issue arising from those IT key
4 (four) times a year.
activities.
• Assuming responsibility for duties and
responsibilities delegated as established in this
Decree.
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Authorities
• Approving information technology development plans, either currently applied by the Bank or new
technology.
Note:
Cost expense will still refer to the SOP for Requisition, Procurement and Payment through Procurement and Expense Management System
(PEMS).
• Approving policies in relation to strategy or utilisation of information technology such as utilisation of
software, hardware, and professional services to be engaged.
• Setting the priority for IT developments which are strategic, compliance, business or customer service in
nature.
• Approving based on prevailing guideline of IT security, any risk deviation from standard policy in utilisation
of technology as a result of security risk assessment report.
The Work Programme of ITC and its realisation in 2023 included but were not limited to:
No. Work Programme Realisation
1. Conducted routine ITC conducted 15 (fifteen) meetings in 2023 to review and approve IT
meetings to review investments, which cover:
and approve IT a. Ensuring IT infrastructure development is implemented in well-structured
investment (for strategy
purchase of equipment • ITC consistently checked the proposed initiatives against the IT
and IT projects Strategic Planning, Bank's Business Plan and IT Development Plan,
implementation), which is important to ensure ITC approved the right portfolio investment
monitoring of IT based on Bank's strategy.
strategic projects, and • Providing forum for case discussion and approval of projects pertaining
approve strategic IT to Bank’s investment in IT field (hardware, software, professional
policy. services engagement), directed to support Bank’s business, regulatory
and compliance requirement.
b. Ensuring IT Security Risk Management
• ITC accommodates the IT Security Risk investment (but not limited to):
• One Identity Solution by having capability and functionality to uplift
operational efficiency and minimise manual processes with digital
workflows, integration with HR system to automate provisioning and
de provisioning employees access for corporate services, enhance
role based access control (RBAC) for applications, self service for LAN
ID activation/password reset and reporting for audit/compliance
purposes.
• Enhancement of the capabilities to perform data correlation and
threat hunting with providing security posture awareness by security
indicator and metrics (SIEM Refresh)
• Technology Obsolescence and RTB (Run The Bank) Programme for
maintaining security of critical applications owned by bank.
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No. Work Programme Realisation
c. Ensuring IT Key Activities
• ITC consistently conducted pre-ITC meetings prior to the formal
ITC meeting, to ensure the investment of proposed initiative(s) are
validated by Finance (in terms of revenue, investment payback period).
• Identified a list of Initiatives and cost impact that already carried out
in 2023 to strengthen the strategic foundation and capabilities of the
Bank, as well as to improve the Bank’s risk management; approval on
Project Governance Policy.
d. Technology Obsolescence and RTB (Run The Bank) to improve
recoverability system from outages and reduce the likelihood of unplanned
system outages; IT Roadmap and IT Strategic Planning as a summary of
overview on budget and projects that are being/will be implemented.
Assessments of the Committee of the Board Profile of Senior Executive Officers who are members of
of Directors committee(s) are presented below.
The Board of Directors conducts an assessment of its
committees annually. Areas include the structure and Edisono Limin
composition of the committee, the effectiveness of Head of Channels and Digitalisation
the implementation of the duties and responsibilities Indonesian, 47 years old
by the committees, as well as the effectiveness of the
Working Experience (with last held position)
implementation of committee meetings.
• 2013-present, PT Bank UOB Indonesia as Head
of Channels & Digitalisation
During 2023, the committees under the Board of
• 2008-2013, Commonwealth Bank, as SME
Directors have conducted self-assessment to evaluate
Regional Manager (SVP)
their performance. All committees have performed
• 2000-2008, PT Bank Central Asia Tbk., as Team
their duties and responsibilities and provided
Leader
recommendations that support the effectiveness of
• 1999-2000, Asuransi Central Asia, as Marketing
the implementation of the duties and responsibilities
Executive
of the Board of Directors.
Has more than 23 years of experience in banking
Profile Committee Members under the Board of industry.
Directors Educational Background
1995, Bachelor, Tarumanagara University, Jakarta
Pursuant to the regulation as stipulated in OJK
Circular Letter No. 16/SEOJK.04/2021 dated 29 June
2021 regarding Annual Report Form and Content
of the Issuer or Public Company, the followings are
information of the members of committees under the
Board of Directors as of 31 December 2023.
The profiles of Board of Directors who are members of
committee(s) are presented in the Profiles of the Board
of Directors in the Company Profile’s section of this
Annual Report.
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FX Yanto Edy Umar Imbang Perdana Satryawan
Head of Commercial & FI Credit 2 Head of Internal Audit
Indonesian, 52 years old Indonesian, 45 years old
Working Experience (with last held position) His profile can be found in the Profile of the Head of
• 2017-present, PT Bank UOB Indonesia as Head of Internal Audit section of this Annual Report on page
Commercial & FI Credit 2 194.
• 2016-2017, PT Bank Permata Tbk., as Head of
Business Credit Analyst & Portfolio Mgt
Indra Gunawan
• 2009-2016, PT Bank Danamon Indonesia as
Head of WB, Markets and Enterprise T&O
Wholesale Business Head
Indonesian, 44 years old
• 2007-2009, PT Fitch Ratings Indonesia as
Associate Director Working Experience (with last held position)
• 2006-2007, PT Bank OCBC Indonesia as AVP • 2023–present, PT Bank UOB Indonesia as Head
Credit & Marketing Dept. of WB, Markets and Enterprise T&O
• 2001-2004, PT Bank Mizuho Indonesia as Officer • 2021–2023, Canadia Bank Plc as Chief Technology
Business Development Officer
• 1999-2001, PT Bank Fuji Internasional Indonesia • 2015–2021, Novus Technologies as Chief Executive
as Business Plan Supervisor Officer
• 2013-2015, Hitachi as Senior Project Manager
Has more than 21 years of experience in credit area
• 2011–2013, Accenture as System Integration Lead,
of banking industry
Technology Consulting Workforce
Educational Background • 2004–2011, PT Bank Mandiri as Technical
1996, Bachelor Degree, Bandung Insitute of Specialist, Prepaid Card Solutions Team
Technology, Bandung • 2003–2004, Schlumberger as Engineer
• 2003, Elnusa Rentrakom as Telecommunication
Gevy Q Wulandari Engineer
Head of Human Resources Has more than 20 years of experience in banking
Indonesian, 55 years old and other industries
Working Experience (with last held position) Educational Background
• 2023–present, PT Bank UOB Indonesia as Head • 2008, Master Degree, Universitas Indonesia
of Human Resources • 2003, Bachelor Degree, Institut Teknologi
• 2012–2023, AIG Indonesia as Human Capital Bandung
Director
• 2018–2023, Head of HR for VIP (Vietnam, Ratnasari Kartawira
Indonesia & Philippines cluster) AIG Insurance Head of Corporate Credit
• 2009–2012, PT Permata Bank as Head of HRBP, Indonesian, 59 years old
Retail Banking
Working Experience (with last held position)
• 2006–2009, Microsoft as HR Director
• 2011-present, PT Bank UOB Indonesia as Head of
• 1997–2006, Citibank as Head of Staffing & Talent
Corporate Credit
Management
• 1994–1997, GE Capital Indonesia as Human • 2008-2011, The Royal Bank of Scotland as Head
Resources Manager of Transactional & Portfolio
Has more than 25 years of experience in Human • 1991-2008, ABN Amro Bank as Head of Credit
Resources Portfolio Mgt
• 1990, PT Nikko Securities as Corporate Finance
Educational Background Officer
1992, University of Indonesia, Faculty of Economy,
Extension Program, majoring in Human Resources Has more than 29 years of experience in banking
Management. industry
Educational Background
• 1989, Bachelor Degree, California State University,
USA
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Rudy Widjaja W. Kartyono
Head of Retail Credit Head of Transaction Banking
Indonesian, 53 years old Indonesian, 46 years old
Working Experience (with last held position) Working Experience (with last held position)
• 2016-present, PT Bank UOB Indonesia as Head • 2010-present, PT Bank UOB Indonesia as Head
of Retail Credit of Transaction Banking
• 2014-2016, Citibank Indonesia as Credit • 2010-2010, ANZ Panin Bank as Head of Trade &
Operations Director Supply Chain Sales
• 2008-2014, Citibank Phillipines & Guam as Credit • 2005-2010, Bank DBS Indonesia as Head of Trade
Operations Director Finance Sales
• 2006-2008, Citifinancial Japan as Collections • 1999-2005, Bank Central Asia as Trade & Payment
Head Specialist at International Banking Division
• 1996-2006, Citibank Indonesia as Country Has more than 21 years of experience in banking
Collections Head industry
• 1995-1996, PT Indo Airo Sugih Indonesia as
Educational Background
Business Development Manager
1999, Bachelor Degree, Tarumanagara University,
• 1992-1995, Seagate Technology Singapore as Jakarta
Industrial Engineer
Has more than 24 years of experience in banking
industry Profile of Bank’s Officers who are members of
Educational Background committee(s) are presented below.
1992, Bachelor Degree, Iowa State University, USA
Alexander Husin
Siswo Soebianto Iksan Credit Administration & Control Head
Head of Commercial & FI Credit 1 Indonesian, 46 years old
Indonesian, 58 years old Working Experience (with last held position)
Working Experience (with last held position) • 2021–present, PT Bank UOB Indonesia as Credit
• 2017-present, PT Bank UOB Indonesia as Head of Administration & Control Head
Commercial & FI Credit 1 • 2015–2021, PT Bank HSBC Indonesia as Senior
• 2010-2017, PT Bank Danamon Indonesia as Senior Vice President Wholesale Operation Lead Credit
Credit Officer Operations
• 2000-2010, PT Bank Internasional Indonesia as • 2011–2014, PT Bank Permata Tbk., as Vice
Corporate Credit Portfolio Head President - Head Unit Operational Risk & Quality
• 1994-2000, PT Bank Tiara Asia as Head of Assurance
Treasury & Internal Division • 2004–2011, Citibank, N. A., as Assistant Vice
• 1990-1994, PT Bank Danamon Indonesia as President - Control Unit - Credit Operations
Account Officer Consumer Banking
• 1988-1990, Universitas Kristen Satya Wacana as • 2000–2002, PT Mitrais (Mincom) as Software
Lecturer Engineer
• 1999–2000, PT Multipolar as Programmer
Has more than 31 years of experience in banking
industry Has more than 23 years of experience in banking
and other industries
Educational Background
• 1990, Bachelor Degree, Universitas Kristen Satya Educational Background
Wacana, Salatiga • 2003, Master Degree, The University of New
South Wales, Australia
• 1998, Bachelor Degree, Universitas Pelita
Harapan, Jakarta
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Ali Budiman Andreas Eduardo Lazuardi
Wholesale Operations Head CEO Office Head
Indonesian, 49 years old Indonesian, 37 years old
Working Experience (with last held position) Working Experience (with last held position)
• 2022–present, PT Bank UOB Indonesia as • 2020–present, PT Bank UOB Indonesia as CEO
Wholesale Operations Head Office Head
• 2016–2022, PT Bank ANZ Indonesia as Head of • 2017–2020, PT Bank UOB Indonesia as Wholesale
Institutional Operations Portfolio Management Head
• 2002–2016, Citibank as Head of Treasury Trade • 2015–2017, PT Bank UOB Indonesia as Credit
Solutions Operations Modeling Team Leader
• 2001–2002, Westpac as Global Securities • 2013–2015, PT Bank UOB Indonesia as PMU
Investigation Reporting and Credit Stress Testing
• 1999–2001, PT Trinunggal Komara as Marketing/ • 2012–2013, PT Bank UOB Indonesia as IFS
Merchandising Manager • 2010–2011, PT Bank Panin Indonesia, Tbk., as
• 1996–1999, PT Bank UOB Indonesia as Treasury Personal banker
Dealer Has more than 12 years of experience in banking.
Educational Background Educational Background
• 1995, Master Degree, University of Notre Dame • 2013, Master Degree, University of Indonesia,
Australia Jakarta
• 1995, Bachelor Degree, Curtin University • 2010, Bachelor Degree, University of Surabaya,
Amelia Ragamulu Surabaya
Customer Advocacy Head
Indonesian, 53 years old Elly Sandora
Working Experience (with last held position) Business Branch Governance & Middle Office
• 2016–present, PT Bank UOB Indonesia as Support Head
Customer Experience and Advocacy Head Indonesian, 50 years old
• 2010–2016, PT Bank Maybank Indonesia as Head Working Experience (with last held position)
of Centralized Customer Care • 2014–present, PT Bank UOB Indonesia as
• 2009–2010, ABN Amro Bank as Head of Client Business Branch Governance & Middle Office
Loyalty for Branch Banking, Wealth Management, Support Head
Private Client and Credit Retention Unit • 2006–2014, PT Bank DBS Indonesia as Head of
• 2004–2007, Standard Chartered Bank as Head SME Channel & Network
Customer Contact Center • 2004–2006, PT Bank Permata Tbk. As Head of
• 1994–2004, Citibank, N.A. as Service Manager Consumer Banking
Has more than 27 years of experience in banking Has more than 19 years of experience in banking.
Educational Background Educational Background
1993, Bachelor Degree, Bogor Institute of Agriculture, 1996, Bachelor Degree, Andalas University, Padang
Bogor
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Febian Satria Nugraha Irvan Gunardwi
AML/CFT & Sanctions Head Legal Head
Indonesian, 47 years old Indonesian, 52 years old
Working Experiences (with last held position) Working Experience (with last held position)
• 2000–present, PT Bank UOB Indonesia as AML/ • 2014–present, PT Bank UOB Indonesia as Legal
CFT & Sanctions, Anti Bribery & Corruption & Anti Head
Tax Evasion Head • 2010–2014, PT Bank DBS Indonesia Tbk. as Head
• 1995–1997, PT Hanoman Dharma as Marketing of Legal - CBG
Educational Background • 2003–2010, PT BII Maybank Tbk as General Legal
• 1999, Bachelor Degree, Universitas Pasundan Counsel & Corporate Secretary Division Head
• 2000–2003, PT Bank Permata Tbk as Head of
Advisory & Monitoring
Ferdy Djojo • 1995–2003, PT Bank Bali Tbk. as Department Head
Wholesale Banking Business Management Head in Corporate Legal & Compliance Department
Indonesian, 43 years old • 1994–1995, Shipping Line Company, Export Dep
Working Experiences (with last held position) Officer
• 2017–present, PT Bank UOB Indonesia as Has more than 28 years of experience in banking
Wholesale Banking Business Management Head and other industries
• 2016–2017, Citibank as Relationship Manager
Educational Background
Financial Institutions, Corporate and Investment
• 2005, Master Degree Magister, University of
Banking
Indonesia, Jakarta
• 2010–2016, Standard Chartered Bank as Director,
• 1993, Bachelor Degree, Brawijaya University,
Relationship Manager
Malang
• 2007–2010, PT Bank DBS Indonesia as
Relationship Manager (Origination)
Maya Rizano
Educational Background
Strategic Communication & Brand Head
• 2003, Master Degree, Monash University
Indonesian, 58 years old
• 2002, Bachelor Degree, Monash University
Working Experience (with last held position)
• 2015–present, PT Bank UOB Indonesia as
Strategic Communications & Brand Head
• 2009–2011, PT Bank Barclays Indonesia as Head
of Marketing and Corporate
• 2007–2009, PT Bank Internasional Indonesia Tbk.
as Vice President, Head of Marketing
• 2001–2007, Citibank, N.A. as Vice President, Head
of Integration
• 1997–2001, PT Excelcomindo Pratama as General
Manager Marketing Comm
• 1996–1997, Danone International Brands as
Marketing Manager
• 1988–1996, PT Unilever Indonesia as Marketing
Manager
Has more than 35 years of experience in banking
and other industries
Educational Background
1987, Bachelor Degree, University of Hartford, USA
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Stanly Gunawan Susan Kwanto
Central Treasury Unit Head Retail Operations Head
Indonesian, 39 years old Indonesian, 53 years old
Working Experience (with last held position) Working Experience (with last held position)
• 2018–present, PT Bank UOB Indonesia as Central • 2020–present, PT Bank UOB Indonesia as Retail
Treasury Unit Head Operations Head
• 2016–2018, PT Bank Commonwealth as VP, Head • 2017–2020, PT Bank UOB Indonesia as Branch
of ALM & Portfolio Management Ops Control & Development Head
• 2014–2016, PT Bank ANZ Indonesia as AVP, ALM • 2010–2017, PT Bank UOB Indonesia as TNO
Financial & Governance (Finance) Services Management Head
• 2011–2014, PT Bank Commonwealth as Senior • 1992–2010, PT Bank UOB Indonesia as Corporate
Manager, ALCO & Treasury Analytics (Global Planning Division Head
Market, Treasury) Has more than 31 years of experience in banking
• 2007–2011, Standard Chartered Bank as Senior industry
Asistant Manager, ALCO Support (Country
Educational Background
Finance)
• 1992, Bachelor Degree, Sriwijaya University,
• 2006–2007, Lufthansa Systems as Software/
Palembang
System Developer
Has more than 17 years of experience in banking
Vera Margaret
Educational Background Wealth & Retail Liabilities Head
• 2006, Bachelor of Science in Business Indonesian, 44 years old
Administration MIS & Finance, The University of
• 2021–present, PT Bank UOB Indonesia as Wealth
Arizona, USA
& Retail Liabilities Product Head
• 2010–2021, PT Bank CIMB Niaga Tbk. as Wealth
Stella Damayanti Management, Insurance & Deposit Product Head
Corporate Real Estate Services Head • 2008–2010, PT Bank DBS Indonesia as Head of
Indonesian, 48 years old Investment, Insurance and Treasury
• 2018–present, PT Bank UOB Indonesia as • 2002–2008, Manulife Financial as Mutual Fund
Corporate Real Estate Services Head Partnership Distribution Head
• 2016–2018, PT Bank HSBC Indonesia as SVP, Has more than 30 years of experience in banking
Head of Corporate Real Estate and other industries
• 2007–2016, PT Bank DBS Indonesia as VP, Capex,
Educational Background
Portfolio and Lease/Transaction Head (CRE Dept)
2001, Bachelor Degree, Iowa State University, USA
• 2005–2007, Jones Lang Salle Indonesia as Senior
Project Manager
• 2002–2005, PT Ahara Prima Design as Project
Coordinator
Has more than 21 years of experience in banking and
other industries
Educational Background
1999, Bachelor Degree, Parahyangan Catholic
University, Bandung
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Corporate Secretary
The Corporate Secretary is the officer responsible to the Board of Directors, and acts
as the liaison between the Bank and the Bank internal parties, authorised institutions
affiliated with the Bank, Bank’s external parties and investors. The Bank appoints the
Corporate Secretary to assist the Board of Commissioners and Board of Directors in
performing the duties and responsibilities of each related to the implementation of GCG
and to manage communications to interested parties (stakeholders), both internally
and externally.
Appointment of Corporate Secretary
The Corporate Secretary is appointed by the Board of In order to support implementation of duties, the
Directors. Currently, the office of the Corporate Secretary Corporate Secretary has followed competency
is held by Susilowati, who had officially served since 25 development and training programmes throughout
June 2015 by virtue of Board of Directors’ Decree No.15/ 2023, as follows:
DIR/0021. In the organisational structure of the Bank,
Name of Workshop/Training/
the Corporate Secretary reports directly to Compliance, No.
Seminar and Organiser
Legal and Corporate Secretary Director.
1. UU Penguatan dan Pengembangan Sektor
Corporate Secretary Profile Keuangan di Indonesia: Implikasi dan
Implementasinya, organised by Hukumonline.
com;
2. Sosialisasi Pedoman Umum Governansi
Korporat Indonesia dan Penyelenggaraan
Annual Report Award 2022, organised by
Susilowati
Komite Nasional Kebijakan Governansi dan
Corporate Secretary
Indonesia Stock Exchange (IDX);
3. Ring The Bell for Gender Equality 2023
“Boosting Gender Equality through Innovation
and Technology”, organised by IDX, Indonesia
Susilowati is domiciled in Jakarta and graduated with a Global Compact Network (IGCN), UN Women
Bachelor Degree in Management from Tarumanagara Indonesia, International Finance Corporation
University Jakarta in 2003. She received a Master (IFC), dan Indonesia Business Coalition for
Degree in Accounting from Trisakti University Jakarta Women Empowerment (IBCWE);
in 2009. Susilowati started her career in 2004 at 4. Ring the Bell: Introduction - Gender Equality
PT Bank Victoria International Tbk and last position as and Women Empowerment Principles: How
Corporate Secretary Division Head. to Implement in Business Sectors, organised
by IDX, IGCN, UN Women Indonesia, IFC, dan
Development of Competencies of Corporate IBCWE;
Secretary 5. Risk Management Certification Refreshment
Susilowati had participated in competency Programme “Operational Risk in Digital
development programmes namely Risk Management Banking”, organised by PT Arfaidhams Secret;
Certification Levels 1, 2, and 3 from Indonesia’s Risk
Management Certification Agency.
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Corporate Secretary
ii. Submission of reports to the Financial Services
Name of Workshop/Training/
No. Authority in a timely manner;
Seminar and Organiser
iii. Conduct and documentation of General Meeting
6. Seminar Master Class: “Reporting Gender of Shareholders;
Equality and Employment Practices for iv. Conduct and documentation of Board of
Sustainability and Annual Report”, organised Directors and/or Board of Commissioners
by IDX, Global Reporting Initiative (GRI), meetings; and
Indonesia Business Coalition for Women v. Implementation of corporate orientation
Empowerment (IBCWE); programme for the Board of Directors and the
7. Stay Secure When Working Remotely, Board of Commissioners.
organised by United Overseas Bank Limited; 4. Liaison between the Bank and the shareholders
8. Webinar Compliance Refreshment Emiten dan of the Issuing Company or Public Company, the
Perusahaan Publik, organised by Financial Financial Services Authority and other stakeholders.
Services Authority (OJK);
Realisation of Duties and Responsibilities of
9. Sosialisasi Kriteria dan Penilaian ASEAN
Corporate Secretary
Corporate Governance Scorecard (ACGS)
In 2023, the Corporate Secretary has conducted the
2024, organised by OJK.
following duties and responsibilities:
10. Sosialisasi Peraturan Otoritas Jasa Keuangan
tentang Penerapan Tata Kelola Bagi Bank 1. Convening the Annual General Meeting of
Umum; Shareholders on 3 May 2023 and Extraordinary
11. Leadership Academy Programme Level 2, General Meetings of Shareholders on 26 October
organised by UOB in collaboration with 2023.
Columbia Business School; 2. Submitting the Annual Report for financial year
12. Creating a Positive and Productive Team, Daily 2022 and Financial Statements for financial year
Meaning; 2022 to related stakeholders.
3. Attending and preparing minutes of Board of
13. Fostering Impactful Collaboration at Work,
Commissioners meeting, Board of Directors meeting,
Daily Meaning.
as well as meetings of Committees reporting to the
Board of Commissioners.
Duties and Responsibilities of Corporate 4. Preparing documentation on the Fit and Proper
Secretary Assessment for the candidate member of Board of
Corporate Secretary function of the Bank refers to
Commissioners and Board of Directors.
Article 5 of OJK Regulation No. 35/POJK.04/2014
5. Updating the Internal Regulation of the Company
concerning Corporate Secretary of Issuers or Public
regarding Board of Commissioners and Board of
Companies, as follows:
Directors as well as Committees reporting to the
1. To stay abreast with the developments in the Capital
Board of Commissioners in order to comply with the
Market, particularly the laws and regulations
prevailing regulations.
applicable in the field of Capital Market;
6. Assisting the Board of Directors and the Board of
2. To provide inputs to the Board of Directors and
Commissioners in implementing good corporate
Board of Commissioners of the Issuing Company
governance among others by ensuring smooth
or Public Company in order to comply with the
communication between the company and the
provisions of laws and regulations in the field of
stakeholders, ensuring the availability of and
Capital Market;
access to information as reasonably required by
3. To assist the Board of Directors and the Board of
stakeholders and conveying information about
Commissioners in implementing good corporate
corporate action to the regulator concerned.
governance, which includes:
7. Coordinating with the Compliance Function in
i. Transparency of information to the public,
preparing self-assessments and implementation of
including availability of information on the
the report on Good Corporate Governance related
Website of the Issuing Company or Public
to the Board of Directors, Board of Commissioners
Company;
and Committees reporting to the Board of
Commissioners.
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Chapter .05
Good Corporate Governance
Corporate Secretary
Corporate Communications • UOB Indonesia equips underprivileged children
Strategic Communications and Brand function with educational experience and learning kits
plays a key role in maintaining the corporate for their future during Ramadan, 18 April 2023.
positive image. The communications strategy is • 13th UOB Painting of the Year competition in
well focused to gain public trust and maintain Indonesia calls for artists to showcase their
good reputation through year-long activities talents and broaden their perspectives of art,
that are focused on internal and external 4 May 2023.
communications. The function also takes part in • UOB Indonesia launches U-Solar 2.0 to support
supporting sustainable business for the long term. the value chain of Indonesia’s solar industry, 25
July 2023.
Annual Report • More than 2,000 UOB colleagues raised
Since 2016, Strategic Communications and IDR250 million at 2023 UOB Heartbeat Run/
Brand and Corporate Secretary have been jointly Walk to promote inclusion of underprivileged
responsible for the preparation and publication of children
the Annual Report that discloses UOB Indonesia’s • Indonesian companies have a positive outlook
business performance. for 2023 despite economic challenges, 12
September 2023.
Press Release • UOB Indonesia launches innovation
The Bank recognises the importance of accelerator UOB FinLab to digitalise and grow
engagement with the public and aims to raise local businesses, 19 September 2023.
its profile and share pertinent information on its • UOB Indonesia launches new financial supply
activities. These objectives are achieved through chain management capabilities in UOB Infinity
media activities in the form of distribution of to enable clients digitalise their supply chain
press news documents, press conferences, media financing, 25 September 2023.
gathering, and one-on-one interviews. • UOB Indonesia: Downstream industry and
green economy transition in Indonesia are key
In 2023, the news releases covered the Bank’s to unlocking opportunities, 11 October 2023.
new products and services, corporate social • Artwork portraying the unity of human and
responsibility programmes and the outlook of the nature wins the 13th UOB Painting of the Year
Indonesian economy. (Indonesia) Award, 25 October 2023.
• UOB completes acquisition and integration
The following is a list of news releases in 2023: of Citigroup’s consumer banking business in
• UOB Indonesia transforms digital banking for Indonesia, 20 November 2023.
business clients with the launch of UOB Infinity, • Additional capital allows UOB Indonesia to
17 January 2023. scale its franchise and enhance long-term
• UOB Indonesia, Visa, and Volopay launch stability, 6 December 2023.
corporate credit card solution to help businesses
with efficient expense management, 21 March There was coverage in Indonesia’s main media,
2023. such as Kompas, Bisnis Indonesia, Media
• UOB Indonesia raises awareness on Indonesia, Metrotvnews.com, Koran Kontan, Jawa
the importance of marine biodiversity to Pos, Antara, Detik.com, InfoBank.com, Koran Sindo,
underprivileged children in Bali, 3 April 2023. and Okezone.com.
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The Implementation of Compliance, Internal Audit,
and External Audit Functions
A. Compliance Function [GRI 2-27] development of compliance manuals and
guidelines containing the applicable regulations,
other provisions and key business conduct for
1. The Role of Compliance Function use by all officers and staffs of the Bank, where
The implementation of Bank’s Compliance Function
applicable;
refers to Financial Services Authority (OJK)
j. Identifies and maintains an inventory of all
Regulation No. 46/POJK.03/2017 and the Bank’s
applicable regulations and legislations with the
Compliance Charter.
support of internal/external legal counsel when
necessary;
Following are the roles and responsibilities of the
k. Assists the Board of Directors and Senior
Compliance Function:
Executive Officers in educating relevant
a. Takes steps to support the creation of
employees on compliance related issues;
compliance culture in all business activities of
l. Provides advice, guidance and continual
the Bank at every level of organisation;
training to employees on the appropriate
b. Conducts the identification, measurement,
implementation of the compliance framework
monitoring, and control of compliance risk
which includes policies, guidelines and
with reference to the regulation concerning
procedures such as those contained in the
the Implementation of Risk Management for
Bank’s Compliance Guidance, internal code of
Commercial Banks;
conduct and Bank’s internal guidelines;
c. Assesses and evaluates strictly, in collaboration
m. Advises business/support units in the Bank
with the business/support units, the
and/or Board of Directors and Senior Executive
effectiveness, adequacy, and appropriateness
Officers on Regulatory Obligations (RO) that are
of policies, provisions, systems and procedures
listed in the Bank’s regulatory risk assessments.
that are owned by the Bank with prevailing
This includes the provision of advice on the
regulations;
implications of regulatory changes;
d. Conducts reviews and/or provides
n. Monitors, tests and reports on compliance
recommendation on updates and refinement of
implementation according to compliance risk
policies, regulations, systems and procedures
management framework and internal policies
of the Bank to comply with the applicable
or procedures to Senior Executive Officers and
regulations and legislation;
Board of Commissioners/ Board of Directors,
e. Makes efforts to ensure that the policies,
and if required, to any regulatory authority.
provisions, systems and procedures, as well as
However, the responsibility for ensuring day-to-
the Bank’s business activities are in compliance
day compliance remains within each respective
with the applicable regulations and legislations;
business/support units;
f. Fulfils the role of an anti-money laundering
o. Makes enquiries into regulatory compliance
function by ensuring the implementation of
incidents and complaints, and carries out further
the entire monitoring systems of transactions
investigations as deemed appropriate;
conducted by customers are in line with
p. Acts as the key liaison body with relevant internal
prevailing guidelines, policies and procedures
and external parties, including regulators,
that have been stipulated so that the
regarding the Bank’s compliance issues; and
implementation of the AML/CFT programmes is
q. Fulfils its responsibilities under the compliance
able to run well and to prevent the Bank from
plans developed in accordance with its
regulatory sanctions;
compliance risk management framework
g. Identifies, assesses and documents compliance
including performing compliance reviews on a
risks associated with business activities of the
risk-based approach.
Bank including new products, services, business
practices and material changes to existing
business and customer relationships, etc;
h. Provides advice and updates on developments
related to applicable regulations and other
provisions to business/support units, and the
Board of Directors and Senior Executive Officers;
i. Facilitates business/support units in the
Annual Report 2023 | PT Bank UOB Indonesia 189
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Chapter .05
Good Corporate Governance
The Implementation of Compliance, Internal Audit,
and External Audit Functions
2. Actions to Prevent Breaches to Prevailing 3. The Implementation of Good Corporate
Regulations Governance
The Director of Compliance, Legal and Corporate The provisions related to the Implementation of
Secretary, through the Compliance Function, Good Corporate Governance for Commercial Banks
monitors and controls the Bank’s business activities refer to OJK Regulation No. 17 of 2023 dated 14
so that they do not violate the prevailing regulations September 2023 and OJK Circular Letter No.13/
by ensuring the Bank’s compliance to regulations, SEOJK.03/2017 dated 17 March 2017.
provisions and prevailing legislation.
The Bank consistently ensures that the GCG
This is reflected in measures that have been put in principles of transparency, accountability,
place, including: responsibility, independence and fairness are
a. Supporting the creation of a compliance culture implemented in every business aspect and at all
in all Bank business activities at all levels of the levels of the Bank. The five GCG Principles should be
organisation through the establishment of: applied to at least 11 (eleven) GCG Implementation
• Compliance Organisational Structure; Factors, and each factor’s effectiveness should be
• Compliance Charter; measurable with respect to 3 (three) governance
• Compliance Guidance; aspects as a continuous process.
• Compliance Standard Operational
Procedures. The three governance aspects are:
b. Identifying, measuring and monitoring a. Governance Structure, refers to the Bank’s
Compliance Risk and implementing control governance structure and infrastructure, which
processes through: must be adequate to ensure that the outcome
• Compliance Review Procedure; and of the implementation of the GCG principles are
• Supervision of sanctions imposed by able to meet the expectations of the Bank’s
regulators. stakeholders.
c. Establishing the Compliance Assurance Division b. Governance Process, refers to the effective
to manage compliance risk through the implementation of the GCG principles, supported
Compliance Review Programme, so that Bank by adequate governance structure and
can ensure conformity and adequacy of policy, infrastructure of the Bank in order to produce
guidelines, systems and procedures of the Bank an outcome that meets the expectations of the
with prevailing legislation through: Bank’s stakeholders.
• Reports of Compliance Review Results; and c. Governance Outcome, refers to the result of the
• Regulatory Risk Assessment Reports. implementation of the GCG principles that meets
d. Providing opinions on Compliance. the expectations of the Bank’s stakeholders with
e. Monitoring and reporting on follow-up actions the support of adequate governance structure
to Regulator’s Audit Inspection Results. and infrastructure of the Bank.
f. Disseminating regulatory provisions and provide
information on compliance related matters, The implementation of the GCG principles
either through face-to-face socialisation is evaluated periodically through GCG Self-
activities or through Compliance News, email Assessment and the result is submitted to Regulator
distribution, and providing information on and the Bank’s Management as a part of the Bank’s
matters related to regulatory compliance. Soundness Rating Report (Risk-Based Bank Rating).
g. Evaluating the Marketing Material and Checklist.
h. Monitoring the follow-up of RBBR-GCG The Compliance Unit has also reviewed and
(Risk Based Bank Rating-Good Corporate updated the previous Compliance Charter which
Governance) improvement by RBBR-GCG acts as an umbrella policy in the implementation
Working Group. of Compliance Function within the Bank through
i. Acting as liaison officer for compliance related Board of Directors’ Decree No. 23/SKDIR/0127
issues between the Bank and regulators or dated 12 December 2023.
internal Bank units.
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Building the Future of ASEAN
The Implementation of Compliance, Internal Audit,
and External Audit Functions
Moreover, in line with the OJK Regulation on B. The Implementation of Internal
the implementation of Integrated Corporate
Governance for Financial Conglomerates as
Audit Function
Pursuant to Financial Services Authority Regulation
stipulated in OJK Regulation No.18/POJK.03/2014
No.1/POJK.03/2019 dated 28 January 2019 on
and OJK Circular No. 15/SEOJK.03/2015, the
Implementation of Bank’s Internal Audit Function,
Compliance Unit has established the following
the Bank has implemented internal audit function
internal provisions:
that aim to support the Bank’s country management
1. Integrated Compliance Charter for Entities in the
in the risk management and governance oversight
Financial Conglomerates of UOB in Indonesia as
by providing an independent assurance to
the umbrella policy for the implementation of the
evaluate the adequacy, quality and effectiveness
integrated compliance function, as stipulated in
of governance, risk management, and internal
Board of Directors’ Decree No. 23/SKDIR/0023
controls. In the Bank’s risk management framework,
dated 8 February 2023.
Internal Audit serves as the third line and works
2. Integrated Corporate Governance Policy as
closely with the first line (Business and Support
the principal guidelines for each entity in the
units) and the second line (Compliance and Risk
Financial Conglomerates in implementing their
Management functions).
duties and responsibilities as stipulated in Board
of Directors’ Decree No. 22/SKDIR/0080 dated
Internal Audit has defined its vision and mission in
11 November 2022, which has been reviewed for
Internal Audit Charter that also explained Internal
updates and alignment in December 2023.
Audit scope of activity, purpose, ethics, authority
and accountability. To support its independent and
Pursuant to OJK Regulation No.45/POJK.03/2020
objective role, the Internal Audit has unfettered
regarding Financial Conglomerates, PT Bank
access to any of the Bank’s premises, assets and
UOB Indonesia as the Main Entity in the Financial
documentation, and can directly communicate with
Conglomerates has established a Corporate
the Board of Commissioners or through the Audit
Charter. The Charter act as an agreement between
Committee. In performing its operational activities,
Main Entity and Member Entities within the
Internal Audit is guided by Internal Audit Policy,
UOB Financial Conglomerate to ensure that the
Procedures, and Methodology.
process of monitoring, reporting, communication
and exchanging of information in the context of
implementing Integrated Corporate Governance,
Integrated Risk Management and Integrated
Capital Adequacy Requirement can run smoothly.
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Chapter .05
Good Corporate Governance
The Implementation of Compliance, Internal Audit,
and External Audit Functions
Structure of Internal Audit Function
UOBI Internal Audit organisation structure is led by Internal Audit Head with oversight of 5 (five) divisions, namely
Wholesale Banking and Global Markets Audit; Corporate Functions Audit; Retail Funding, Branches and Digital
Bank Audit; Technology Audit and Innovation; and Retail Lending and Professional Practices Audit. Internal
Audit Head reports directly to the President Director and functionally to Board of Commissioners through Audit
Committee.
President
Director Board of
Commissioners
through Audit
Committee
Head of
Internal Audit
Wholesale Corporate Retail Funding, Technology Retail Lending
Banking, & Global Functions Branches, & Digital Audit & & Professional
Markets Audit Audit Bank Audit Innovation Practies Audit
Head of Internal Audit Duties and Responsibilities of Internal Audit
Function
Internal Audit is responsible for performing risk-based
audits covering all aspects in the first line and the
second line including but not limited to structure,
policy, framework, processes, system, products, and
Imbang Perdana Satryawan
documentation, to provide independent assurance for
Head of Internal Audit
the President Director, the Board of Commissioners, and
the Audit Committee on the effectiveness governance
oversight, risk management, and internal control
implementation in the bank.
Imbang Perdana Satryawan, 45 years old, an Internal Audit had applied a Risk-Based Approach in
Indonesian citizen. Appointed as Head of Internal Audit projecting annual Internal Audit plan and determining
since January 2022 pursuant to the appointment letter audit scope to prioritise areas with major concerns.
No. 22/SKDIR/0007 dated 27 January 2022. He has On a periodic basis, Head ofInternal Audit meets with
more than 21 years of experience in financial industry. the Audit Committee, and discusses significant audit
Prior to joining UOB Indonesia, He has worked in PT issues, audit project progress, audit issue status, and
Bank BTPN as Deputy of Internal Audit Head and in PT other significant matters. In order to maintain its work
Bank Sumitomo Mitsui Indonesia as Head of Internal quality to adhere with the audit methodology and
Audit. He holds Master of Business Administration international standards for the professional practice
from Institut Teknologi Bandung, Bachelor’s Degree of internal auditing, a quality assessment is conducted
in Accounting from Universitas Padjadjaran. He holds by Internal Audit Quality Assurance Function and
Certified Internal Auditor (CIA) and Certified Financial independent quality assurance review by an external
Crime Specialists (CFCS). party once every 3 (three) years.
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The Implementation of Compliance, Internal Audit,
and External Audit Functions
Internal Audit Function Professional coordination with external experts, SKAI requirements
Qualification and Competency to maintain independence in carrying out consulting
As of December 2023, Internal Audit Team had 44 services or other special tasks, responsibilities and
staffs with various educational background. The accountabilities of the Head of SKAI, SKAI’s obligation
staff members hold Bachelor degrees and Master to comply with the Professional Standards of Internal
Degree mostly majoring in Economic, Management, Auditing, restrictions on the use of external party
Accounting, and Information Technology. services, restrictions on periodic assignments of
SKAI personnel, and cooling-off periods for auditor
The majority of the Internal Audit staff also hold internal and external parties. Latest update to Internal Audit
audit professional qualification and certification, Charter was conducted on 22 April 2022 and has
including: been approved by President Director and the Board
1. International Certification such as Certified Internal of Commissioners by considering Audit Committee’s
Auditor (CIA), Certified Information Systems Auditor recommendation.
(CISA), Certified Public Accountant (CPA), Qualified
Internal Auditor (QIA), Chartered Accountant (CA), Disclosure of Internal Audit Practice in 2023
Certified Bank Internal Auditor (CBIA), Certified In 2023, Internal Audit (IA) has delivered its assigned
Financial Crime Specialists (CFCS), Sertifikasi roles and initiatives as follow:
Information Technology Infrastructure Library (ITIL), a. IA has maintained its independence, objectivity,
Certified in Cybersecurity (CC), and ISO 27001. and professional due care during the course of
2. Local Certification such as Bank’s Internal Auditor audit plan implementation.
from LSPP and Risk Management Certification. b. IA has effectively completed 28 audit projects
under its annual strategic plan, covering Wholesale
Training of Internal Audit Banking and Global Markets, Corporate Functions,
In 2023, IA has initiated various programmes to Retail Funding, Branches, Digital Bank, Retail
develop auditor professional competency in relevant Lending, Operations, IT and Support functions.
areas. The staff development programmes including IA also conducted evaluation on the six whistle-
Technology Trainings (Cyber Security Architecture, blowing cases reported through the whistle-
Digital Transformation, Web Design and Development), blowing hotline.
Data Analytics Trainings (SAS, Power BI, Machine c. IA continues to implement digital transformation
Learning, Cyclone Robotic, Python), Operational and plan through refined scripts and advanced Data
Business Trainings (ICAAP, Credit Modelling, Moodys Analytics (“DA”) to automate some audit process
Credit Risk Fundamentals, BlockChain, and Building and build risk dashboards. Use of DA automates
Large Language Models for Business Application the identification of control deficiencies for wider
and multiple OJK Webinars), Audit Methodology and samples with greater speed, hence assisting IA
Process Audit Trainings (Report Writing, Effective to implement Continuous Auditing and perform
Interviewing and Surprise Checking Techniques) and regular Audit in more effective manner.
other relevant certifications programmes such as
Certified Internal Auditor dan Certified Internal System Therefore, DA increases IA’s ability to provide
Auditor. valuable insight to Country management and
key stakeholders to assist in its risk management
Internal Audit Charter implementation.
In reference to OJK Regulation No. 1/POJK.03/2019
on the Implementation of Internal Audit Function in
Commercial Banks and IIA (Institute of Internal Audit)
Standard, Bank has established Internal Audit Charter
No.22/SKDIR/0027, which contains the mission and
scope, organisational structure and position, duties
and responsibilities, authorities, code of ethics for
Internal Audit, internal auditor requirements, SKAI
accountability, and prohibition of assignments and
positions of SKAI personnel from the implementation
of the Bank’s operational activities. The Internal
Audit Charter also governs the criteria for use and
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Chapter .05
Good Corporate Governance
The Implementation of Compliance, Internal Audit,
and External Audit Functions
d. IA has established a monitoring process for C. The Implementation of External
audit issue resolution using a Governance, Risk
and Compliance (“GRC”) system. All Internal
Audit Function
Audit findings have been conveyed to relevant
management and rectification actions are With the approval of shareholders at the AGM and
completed timely and highlighted to the Board of recommendation from the Audit Committee through
Directors and the Audit Committee through audit the Board of Commissioners, the Bank had appointed
reports and regular meetings. In 2023, Internal Audit a Public Accounting Firm registered with Financial
attended monthly Board of Directors meetings Services Authority, namely Purwantono, Sungkoro &
and highlighted significant audit issues as well as Surja, in which has “BIG 4” qualification and experience
the progress of corrective actions every quarter. in conducting audits of several major banks in
In addition, Internal Audit held 4 (four) meetings Indonesia. In addition, the legality of its appointment
with the Audit Committee in 2023 to discuss on and agreement has complied with the applicable
the implementation of the internal audit function, regulation.
including resources, audit processes and results.
e. IA reviewed and updated the Internal Audit Public Accounting Firm Purwantono, Sungkoro &
procedures periodically to improve the efficiency Surja has met specified targets and performed the
and audit process. audit independently, and has also met the Public
f. Professional Practices Audit function conducted Accountant professional standards and audit scope
Quality Assurance on each Internal Audit project, as specified in prevailing regulations and as stated in
to ensure that audit processes are conducted the Engagement Letter between the Public Accounting
according to the established audit policy, Firm and the Bank.
procedure, and methodology. It also ensures the
working papers are documented properly and Public Accounting Firm Purwantono, Sungkoro &
supported with sufficient supporting evidence. Surja, according to Financial Services Authority (OJK)
g. IA implemented the Competency Framework for Regulation No.9 Year 2023 on Use of Public Accountant
Internal Audit staff to identify skill gaps within and Public Accounting Firm in Financial Services
audit team and will continue to focus on training Activities, has engaged in communication with OJK to
programme in areas of IT and Digitalisation skill, request information on the condition of the Bank, as
Data Analytics, Audit techniques skill, leadership well as provide information on the audit process from
skill, and other relevant soft skill. beginning to end.
h. IA has initiated the Internal Audit Development
Programme aimed to help new graduates build a
board spectrum of auditing skills through rotations
in different audit divisions and to help IA identify
and nurture talent within the function.
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Building the Future of ASEAN
The Implementation of Risk Management
Including Internal Control System
For further details about the implementation of risk management
including internal control system, please see on page 214-235.
In regards with Statement of the Board of Directors and/or Board
of Commisionners regarding Adequacy of Internal Control System,
please refer to section Internal Control System on page 217 also
Statement of the Board of Directors and/or Board of Commisionners
regarding Adequacy of Risk Management System please refer to
section Risk Management System Implementation on page 234.
Lending to Related Party and Large Exposure
The Bank has policies on and procedures for Legal Lending Limits and lending to related parties and large
exposures as part of its prudential principles.
The following are loans to related parties and large exposures as of 31 December 2023 described in the following
table:
(in IDR million)
Total
No. Lending
Debtor Nominal
1 Individual
(1) Related Parties 151 2,091,198
(2) 20 (twenty) Borrowers other
20 38,340,349
than Related Parties
2 To Core Debtors
a). Individual - -
b). Group *) 12 20,205,925
*) after implementing MRK technique
1. Individual Outstanding:
(1) All Fund Provisions to Related Parties (whether taken into account or excluded in LLL calculations).
(2) Provision of funds to 20 Group (twenty) Borrowers other than Related Parties who obtain the largest
amount of Provision of Funds without taking into account the percentage of the amount of Provision of
Funds to Core Capital (tier 1) of the Bank.
2. Large Exposure:
Provision of Funds of 10% (ten per cent) or more of the Bank’s Core Capital (tier 1) to other than Related Parties,
before and after implementing MRK Techniques.
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Chapter .05
Good Corporate Governance
Bank’s Strategic Plan
In order to improve Good Corporate Governance and to 5. Develop People Engagement strategy to shape the
comply with regulator provisions, the Bank proposed a right behavior and instill long-term pride to be part
Business Plan detailing the Bank’s business activities in of UOB;
the short-term, medium-term and long-term so that the 6. Develop future-ready talents through cross learning
direction of the Bank’s policies and strategic objectives and knowledge transfer, leveraging UOB regional
follow proper planning, are prudent and abide by footprint;
sound banking principles. 7. Revitalise Brand positioning in the National and
Regional space, followed by comprehensive
The Business Plan took into consideration global and improvement in customer value propositions across
domestic economic development as well as the Bank’s the Bank;
vision and values. The Bank further articulated its 8. Continuous development of key Cash, Trade
strategic plan into long, medium, and short-term plans Finance, and Treasuries Capabilities to improve
with the overall aspiration to achieve sustainable quality of revenue by delivering institutional
growth. customers’ needs;
9. Develop deeper understanding and intricacies
The Bank has defined its long-term focus strategy: of the financial supply chain within each unique
industry ecosystem to provide the best solution and
1. Personalisation service for customers;
Solutions that are personalised to every retail 10. Develop a variety of solutions in the Treasury
segments, an app that is build around our customers space to answer increasing needs from the retail
and advisory centered on all that matters. customers.
11. Continuous development for Centre of Excellence
2. Connectivity for Indonesian Rupiah;
Comprehensive network for doing business with, 12. Develop foundational capabilities to provide
and within, ASEAN. Turn to the One Bank for ASEAN, excellent customer experience for different
and access growth opportunities in the region, and customer segments: Mass Market, Wealth Banking,
beyond. and Privilege Banking; and
13. Development of products and services suites
3. Sustainability around key focus demographic of Upwardly Mobile,
Supporting sustainable business to support Young Demographic.
Indonesia Government goal to reach Net Zero
by 2060 through development and offering of Within the principles outline in the long-term plan,
sustainability product which include but not limited the Bank’s short-to-medium-term plans will aim to
to Circular Economy, Green and Sustainable Trade sustainability grow return. The Bank will continue to
Finance, Transition Finance and Smart City. maintain solid liquidity and balance sheet, robust
asset quality, improved productivity, and take steps to
The Bank’s Long-Term Plan will be focused on remain well-capitalised in the execution of its business.
development and refinement of its key competitive Furthermore, bank will focus on stabilisation of Citi
advantages in the region. Branch Consumer Banking portfolio in Retail Banking
post acquisition to accelerate business scalability.
1. Constant refinement of risk frameworks, policies,
guidelines, and procedures aligned with the evolving
industry landscape, and regularly communicating
them to cultivate strong risk awareness culture
across functions;
2. Strengthen the Bank’s balance sheet and capital
management through various corporate actions;
3. Remain on the course towards ESG values through
promotion of sustainable financing and other
corporate practices;
4. Explore various potential opportunities for
commercial partnerships and synergy;
196 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Shareholders Aspect
The Bank already has a dividend policy as stipulated in the Bank’s Articles of Association and internal Circular
Letter. The summary of Bank’s Articles of Association also available on the Bank’s website accessible by public.
Transparency of Bank’s Financial and Non Financial
Condition Not Yet Disclosed in Other Reports
The Bank has fulfilled the principle of transparency in providing financial and non-financial information to the
public in a timely, complete, accurate, up to date, and comprehensive manner.
Annual Report 2023 | PT Bank UOB Indonesia 197
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Chapter .05
Good Corporate Governance
Share Ownership and Financial and Family Relationships of
Members of the Board of Commissioners and
Board of Directors with Fellow Members of the
Board of Commissioners, Board of Directors and/or the
Controlling Shareholders of the Bank
A. Shares Ownership of Board of Commissioners and Board of Directors
Ownership
Persentage
Position in Company Name
No. Name per 31
PT Bank UOB Indonesia (domestic & overseas)
December
2023 (%)
Board of Commissioners
1 Wee Ee Cheong President Commissioner C Y Wee & Company Pte Ltd 30.00
E.C. Wee Pte Ltd 98.00
Eastern Century Limited 10.40
Kheng Leong Company Pte Ltd 23.67
Phoebus Singapore Holdings Pte Ltd 27.67
Portfolio Nominees Ltd 26.01
Supreme Island Corporation 26.00
UIP Holdings Ltd 10.00
Wee Investments (Pte) Ltd 26.01
2 Chin Voon Fat Deputy President Commissioner NIL
3 Chan Kok Seong Commissioner NIL
4 Wayan Alit Antara Independent Commissioner NIL
5 VJH Boentaran Independent Commissioner
Lesmana NIL
Board of Directors
1 Hendra Gunawan President Director NIL
2 Teh Han Yi Finance & Corporate Services
NIL
Director
3 Paul Rafiuly Technology & Operations
NIL
Director
4 Harapman Kasan Wholesale Banking Director NIL
5 Sonny Samuel Global Markets Director NIL
6 Ardhi Wibowo Compliance, Legal & Corporate
Secretary Director NIL
7 Choi Yau Chi Strategic Business
Development, Retail & Channels NIL
Transformation Director
8 Henry Santoso Risk Management Director NIL
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B. Financial and Family Relationships of Members of the Board of
Commissioners and Board of Directors with Fellow Members of the
Board of Commissioners, Board of Directors and/or the Controlling
Shareholders of the Bank
Family Relation With Financial Relation With
Board of
Commissioners Board of Board of Controlling Board of Board of Controlling
Remarks
and Board of Commissioners Directors Shareholders Commissioners Directors Shareholders
Directors
Yes No Yes No Yes No Yes No Yes No Yes No
Wee Ee Deputy
Cheong Chairman and
CEO United
- - - - √ - - - - - √ -
Overseas
Bank Limited,
Singapore
Chin Voon Fat Head of Group
Wholesale and
Markets United
- - - - - - - - - - √ -
Overseas
Bank Limited,
Singapore
Chan Kok Group Chief
Seong Risk Officer
United
- - - - - - - - - - √ -
Overseas
Bank Limited,
Singapore
Wayan Alit None
- - - - - - - - - - - -
Antara
VJH Boentaran None
- - - - - - - - - - - -
Lesmana
Hendra None
- - - - - - - - - - - -
Gunawan
Teh Han Yi - - - - - - - - - - - - None
Paul Rafiuly - - - - - - - - - - - - None
Harapman None
- - - - - - - - - - - -
Kasan
Sonny Samuel - - - - - - - - - - - - None
Ardhi Wibowo - - - - - - - - - - - - None
Choi Yau Chi - - - - - - - - - - - - None
Henry Santoso - - - - - - - - - - - - None
Annual Report 2023 | PT Bank UOB Indonesia 199
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Chapter .05
Good Corporate Governance
Disclosure of Remuneration Policy
Remuneration Policy [GRI 2-19] Remuneration Adjustment Associated with
The Bank’s Remuneration Policies and Structure Performance and Risk
(Remuneration Policy) were reviewed and approved The Bank’s variable pay deferral applies to senior
by the Board of Commissioners, as stated in the Board employees and Material Risk Takers (MRTs). MRTs are
of Directors’ Decree No.22/SKDIR/0043 dated 14 presently comprised of employees with significant
June 2022. The Remuneration Policy was devised to organisational responsibilities that have a material
support the development of organisational capability impact on the Bank’s performance and risk profile,
which takes into consideration of cultivation of an and employees with high-risk mandates in the form of
appropriate risk culture and providing flexibility to risk-weighted assets, trading limits and trading sales
respond to dynamic business needs. budgets and employees who receive certain threshold
of Variable Remuneration. In 2023 Financial Year, 24
Scope of Remuneration Policy MRTs were identified, comprising Board of Directors
The Remuneration Policy has taken effect and has of the Bank, some key positions and key appointment
been implemented in every business unit and region holders.
in Indonesia.
The objectives of the deferral policy are to:
Determining the Variable Pay Pool [GRI 2-20] • Align compensation payment schedules with the
The variable pay pool takes into account productivity time horizon of risks;
and Country’s performance which are based on • Align the interests of employees with the long-term
financial and non-financial metrics as well as key interests of shareholders and the Bank;
risks that could have material impact to the business • Retain employees of the Bank whose contributions
activities, which are aligned to OJK Regulation are essential to the long-term growth and
relating to the implementation of risk management for profitability of the Bank; and
commercial banks. There are eight key risks – i.e., credit, • Deliver compensation in a manner that drives the
market, liquidity, operational, legal, reputational, long-term performance of the Bank.
strategic and compliance risk.
Up to 40 per cent of variable pay is subject to deferral,
Employees in control functions, currently comprising with the proportion of deferral increasing with the
Risk Management, Audit, Credit and Compliance, are amount of variable pay received. Deferral awards will
compensated independently from the performance of vest over 3 (three) years.
any business lines or business units that they oversee or
audit. This is to avoid any potential conflict of interest. Vesting of deferred compensation is subject to malus
and clawback. Malus of unvested compensation and
Performance Measurement Associated with clawback of paid compensation will be triggered by
Remuneration conduct constituting, causing or contributing to, inter
Business unit heads reward employees for their alia:
individual performance. Employees are assessed based • Material violation of risk limits;
on employee’s performance objectives, competency • Financial losses or adverse change in risk profile;
behaviors and behaviors with respect to the UOB • Material restatement of financial results; or
values. This balances the quantitative achievement • Misconduct, malfeasance or fraud.
of key performance indicators with the behaviors that
employees are expected to uphold in achieving their Employees must refrain from using personal hedging
objectives. In general, employees who have exceeded strategies or compensation-and-liability-related
performance expectations would be awarded relatively insurance to protect against, and/or to compensate
higher Total Compensation. Conversely, employees for:
who do not meet the performance expectations for • Any adjustments, reduction or loss in variable pay.
the year may not receive variable pay. The overall • The forfeiture of unvested and/or deferred variable
performance rating and Total Compensation awards pay awards.
are also reviewed by HR Committee Panel. • Potential clawback of vested awards.
External Consultant
In establishing the remuneration policy, the Bank did
not engage any external consultant services.
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Remuneration Package/Policy and Other Benefits for
Board of Commissioners and Board of Directors
A. Type of Remuneration and Other Benefits for Board of Commissioners
and Board of Directors
(in IDR million)
Total Received in 1 (one) Year
Type of Remuneration and
Board of Commissioners Board of Directors
Other Benefits
Person Total Person Total
Remuneration (salary, bonus, routine allowance,
6 6,185 8 37,406
tantiem, and other facilities in the form of cash)
Other benefits in kind (including housing,
- - - -
transportation, and health insurance) which:
• Can be owned - - - -
• Cannot be owned - - 8 1,681
B. Description of Remuneration Package for Receiver Group
Total Remuneration Per Person In 1
Board of Commissioners Board of Directors
(One) Year*)
Above IDR2 Billion 2 8
Above IDR1 Billion up to IDR2 Billion 1 -
Above IDR500 million up to IDR1 Billion - -
Under IDR500 million 3 -
C. Variable Remuneration
Aligned with the Remuneration Policy and Structure established, variable remuneration for the Board of
Commissioners and Board of Directors includes bonus in cash.
Number of Directors, Commissioners and employees who received variable remuneration in 1 (one) year and
the total amount can be seen in the following table.
(in IDR million)
Total Received in 1 (one) Year
Variable
Board of Commissioners Board of Directors Employee
Remuneration
Person Total Person Total Person Total
Total 3 1,320 8 48,371 2,622 310,570
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Chapter .05
Good Corporate Governance
Remuneration Package/Policy and Other Benefits for
Board of Commissioners and Board of Directors
D. Position and Number of Material Risk Takers
No. Position Number of Person
1 Board of Commissioners -
2 Board of Directors 8
3 Employees 16
E. Share Options
During 2023, the Bank did not grant Share Options to Commissioners, Board of Directors or Employees.
F. Highest and Lowest Salary Ratio [GRI 2-21]
Ratio
Description
2022 2023
Ratio of the highest and lowest salary of the employees 1 : 105 1 : 137
Ratio of the highest and lowest salary of the Board of Directors 1 : 1.75 1 : 1.57
Ratio of the highest and lowest salary of the Board of Commissioners 1:1 1:1
Ratio of the highest salary of the Board of Directors and highest salary of the employee 1 : 1.37 1 : 1.38
G. Number of Recipient and Total Amount of Unconditional Variable
Remuneration Provided by the Bank to Candidates of the Board of
Directors, Candidates of the Board of Commissioners and/or Employee
Candidates for the first 1 (one) Year of Work
(in IDR million)
Total Received in 1 (one) Year
Unconditional
Variable Board of Commissioners Board of Directors Employee
Remuneration Person Total Person Total Person Total
Total - - - - - -
H. Service Terminationed and Total Amount of Severance Paid
Total Severance Paid per Person in 1 (one) Year Number of Employee
Above IDR1 billion -
Between IDR500 million until IDR1 billion -
IDR500 million below -
Nil -
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Remuneration Package/Policy and Other Benefits for
Board of Commissioners and Board of Directors
I. Total Amount of Deferred Variable Remuneration which Consist of Cash
(in IDR million)
Deferred Variable Board of Commissioners Board of Directors Employee
Remuneration
Person Total Person Total Person Total
Total - - 8 20,507 15 15,984
J. Number of Recipient and Total Variable Remuneration with Deferred
Payment for 1 (one) Year
(in IDR million)
Deferred Variable Board of Commissioners Board of Directors Employee
Remuneration
Person Total Person Total Person Total
Total - - 7 11,512 9 10,650
K. Detail Amount of Remuneration Provided in 1 (one) Year
(in IDR million)
Fixed Remuneration*)
1. Cash 77,918
2. Shares/Shares-based Instruments Issued by the Bank -
Variable Remuneration*)
Not
Deferred
Deferred
1. Cash 55,599 36,491
2. Shares/Shares-based Instruments Issued by the Bank - -
*) Only for MRT in million Rupiah
L. Quantitative Information
Total Deductions during Reporting
Period
Remaining
Type of Variable Remuneration*) Deferred Due to Due to
Amount Explicit Implicit Total
Adjustment Adjustment (A)+(B)
(A) (B)
Cash 56,014 - - -
Shares/Shares-based Instruments Issued by the
- - - -
Bank
*) Only for MRT in million Rupiah
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Chapter .05
Good Corporate Governance
Number of Internal Fraud Cases and
Bank’s Effort to Settle the Cases
The number of internal fraud cases in 2023 with financial impact higher than IDR100,000,000 (one hundred
million Rupiah) is shown in the table below.
Total Cases Conducted By
Board of Directors’ Non Permanent
Internal Fraud within Member & Board of Permanent Employee Employee and
1 (one) Year Commisioners’ Member Outsourcing Staff
Previous Current Previous Current Previous Current
year year year year year year
(2022) (2023) (2022) (2023) (2022) (2023)
Total number of fraud case 0 0 0 0 0 0
Has been settled 0 0 0 0 0 0
In settlement process in
0 0 0 0 0 0
internal Bank
Settlement has not yet been
0 0 0 0 0 0
attempted
Has been followed up through
0 0 0 0 0 0
legal process
Number of Legal Cases and Bank’s Effort to Settle the Cases
The legal cases involving the Bank as at 31 December 2023 are detailed in the table below:
Number of Cases
Civil Law
Legal Cases Bank UOB Bank UOB Criminal Law
Indonesia as Indonesia as
plaintiff defendant
Settled (final and binding) 1 8 3
In settlement process 3 116 6
Total 4 124 9
Legal Cases Faced by the Bank, Board of Commissioners and
Board of Directors
Throughout 2023, there was 1 legal case with material impact toward the Bank during 2023. The said legal
case was a case between the Bank and a customer where the Customer sued the Bank with a nominal claim of
compensation amounting to IDR61.9 billion on the counterfeit time deposit certificate, where in the court, it has
a permanent legal force. It was proven that the Customer’s claim was baseless and up to the cassation level, the
Court has rejected the Customer’s claim and win the Bank.
There were no important cases faced by the members of the Board of Commissioners and/or Board of Directors.
Administrative Penalties
In 2023, there was no significant administrative penalties. Most of the penalties imposed were caused by
administrative errors. The Bank has followed up on improvement actions in reporting, as well as the risk mitigation
such as by conducting training and improving systems and controls.
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Transactions Involving Conflict of Interest
In 2023, there were no transactions within the Bank that can be classified as conflict-of-interest transactions.
Bank’s Share and Bond Buybacks
In 2023, the Bank did not perform any share or bond buyback.
Donation for Social and Political Activities During the Period
of 2023
The Bank believes in its ability to actively develop a better environment by participating in various activities to
develop the community. Below are the Bank’s community activities in 2023:
Total Fund
Category Type of Activity Description (in IDR
million)
Social and UOB Heartbeat UOB Indonesia employees raised funds by collecting 255.00
Community Virtual Run/Walk kilometer through the UOB Heartbeat virtual run/
Relations walk programme and donated laptops, hearing aids
and basic needs to 4 Special Needs School (SLB) for
deaf students orphanages in 4 regions/cities and
Rosa Foundation.
Ramadhan Activity To celebrate Idul Fitri 1444 H, UOB Indonesia held a 48.32
Celebration series of Ramadhan events with employees such as
takjil, Ramadhan studies, going home together and
halal bi halal as well as donations to orphanage
foundations.
Christmas UOB Indonesia celebrated Christmas with employees 98.97
Celebration and donated to orphanage foundation
Perayaan Natal
Qurban Religious activity (Qurban) distributions to the local 156.37
community
BB Customer Building relationships with customers to provide 411.00
Engagement solutions for MSME business development and
investment solutions.
UOB Internship Increased knowledge of internship participants on 4.00
Banking products.
Financial Literacy
UOB Gateway to Provision of professional information related to 5,000.00
ASEAN 2023 the latest local and global economic situation and
condition.
Transaction Increased knowledge of corporate customers on 0
Banking Experience of UOB Internet Banking features and the use of
Center (TBEX) internet banking.
Painting Discovered and supported new generations of 620.00
Art Competition artists through the 13th UOB Painting of the Year
competition, while connecting them to opportunities
on the international art stage.
Total Contribution 6,593.66
Annual Report 2023 | PT Bank UOB Indonesia 205
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Chapter .05
Good Corporate Governance
Code of Conduct
Code of Conduct 3. Responsibilities to the Bank
The Code of Conduct is the basis of the Bank’s Employees are obliged to cooperate with
corporate governance framework which reflects the authorised external and internal investigators,
Bank’s commitment to act fairly, properly and does not to safeguard the interests of the Bank in terms
break the law. Management and employees, without of intellectual property rights and the use of
exception, are committed to continue and enhance information technology assets, to ensure accurate
the implementation of corporate governance practices records, to ensure proper records retention and
that promote moral and ethical principles appropriate proper handling and disposal of records, and are
to the Bank’s Code of Conduct. prohibited to influence other employees to leave
the employment of the Bank or draw customers
away from the Bank (non-solicitation).
Coverage of Code of Conduct
Implementation 4. Confidentiality
All parties including the Board of Commissioners, Every employee shall protect the privacy of
Board of Directors, employees both working on a full- customers as well as the confidentiality of
time and part-time basis, temporary employees such customers’ data.
as trainees and interns and, where relevant, third
party independent contractors, agents, agency staff, 5. External Investment and Activities
consultants, vendors and suppliers of goods and The Bank prohibits insider trading, avoids
services must understand, comply with and implement involvement in transactions that contain conflict
the Code. of interest and prohibits any activities outside the
Bank which directly or indirectly interfere with the
Main Points of the Code of Conduct performance of that employee and/or Bank.
The Bank periodically reviews the Code of Conduct
and disseminates to all employees and management 6. Legal Provisions and Other Major
for compliance. The Bank’s Code of Conduct is outlined Compliance
in 6 (six) components, namely: The Bank’s provisions prohibit any violation of the
prevailing anti-trust law and require employees to
1. Responsibilities at the Workplace comply with all prevailing laws and regulations.
The Bank is responsible for creating a conducive,
healthy and non-discriminatory working Dissemination of Enforcement and
environment. The Bank also provides regular
training to all employees and assesses the
Sanctions of Code of Conduct
Socialisation for the Bank’s Code of Conduct starts
effectiveness of training activities regularly.
from the time an employee joins the Bank, when he/she
Additionally, the Bank manages all employees’
is required to read, understand and declare to indicate
personal data according to the stipulated Law
his/her compliance with the Bank’s Code of Conduct.
and guided by UOB Privacy Notice (Employee).
To ensure that the employee reads, understood and
adhered to the provisions in the Bank’s Code of Conduct
2. Responsibilities to the Customers and
on a continuous basis, Bank requires each employee to
Other External Parties
undergo annual e-Learning and make a declaration of
The Code of Conduct contains provisions to act
such through a platform created by HR as refresher.
independently, professionally, objectively, to
The Bank also regularly update Code of Conduct which
treat Customers fairly, prohibits employees from
can be accessed through platform provided by HR.
accepting any gift and entertainment where it may
appear to others that business judgement has been
As part of its enforcement actions, the Bank monitors
compromised or conflicts with employees’ duty,
the transactions of employees’ account, monitors
prohibits employees from accepting a gift of cash
employees’ change of behavior and uses vendor
in connection with work, and requires employees
services to screen candidate’s data and profile and
to exercise appropriate business judgement
conducts Financial Information Service System (SLIK)
when selecting third-party business associates or
checking.
vendors. An employee may participate in political
activities if he or she has obtained prior approval
Employees are expected to uphold the Bank’s Code
from his/her respective Country Function Head
of Conduct and apply its principles to their everyday
and Human Resources function.
actions.
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Building the Future of ASEAN
Corporate Culture
The Bank has a unique culture and belief system These values are embedded together with Bank’s
used as a guiding principle in everything we do. The Purpose in Building Future of ASEAN and supported by
decisions and actions taken by the Bank are based on UOB people philosophy in the area Care, Growth and
the values of being Honourable, Enterprising, United Trust.
and Committed.
The Bank empowers its employees to make positive
The values of the Bank are as follows: and meaningful differences in the things they do
• Honourable – We act prudently to fuel our for stakeholders. The Bank is committed to foster
customers’ success. We maintain the highest an organisational culture that is inclusive, prudent,
professional and moral standards. We do what is progressive, and high performing for employee to
right for you through discipline, clarity, and courage. achieve their best.
• Enterprising – We were built with an enterprising
spirit. We demonstrate this today through thought The Bank’s values are aimed at encouraging employees
leadership, keen insight and a forward-looking to continue to improve their standard of behavior
mindset. and performance in serving its customers and is the
• United – We work as a team to achieve individual foundation for a robust risk culture.
and corporate goals through cooperation, mutual
respect and loyalty.
• Committed – We are committed to build a better
tomorrow. We are accountable for ensuring that
UOB is a trusted source of stability, security and
strength.
Whistle-blowing [GRI 2-16, 2-26]
In line with the high commitment to implement Good A. Whistle-blowing Procedure
Corporate Governance, especially the principle of
transparency which is carried out in full responsibility Whistle-blowing reports must be made with certainty
by Board of Directors of the Bank, the management that what is reported is indeed true and the whistle-
expects all of the Bank’s employee and external parties blowers must be able to provide information and
who cooperate with UOBI to take an active role in evidence that can be traced and acted upon.
implementing the Whistle-blowing Policy by reporting
any irregularities or wrongdoing or violations on both Whistle-blowing reports can be submitted to direct
internal and external regulations undertaken by any of supervisor, Head of Internal Audit, President Director, or
the Bank’s staff in all the business lines, including the to the Audit Committee Chairman through designated
Board of Directors as well as external parties, without Whistle-blowing hotline channels e.g., email and
hesitation and fear. telephone.
The Bank takes preventive measures to combat If the Whistle-blower is uncomfortable with reporting
practices that are against good corporate governance to direct supervisor or has allegations involving direct
by acting upon the violations reported through whistle- supervisor and Board of Directors, he can make the
blowing system. The system is expected to increase the report directly to the Internal Audit Head or Audit
participation of all employees and external parties to Committee Chairman.
report violations.
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Chapter .05
Good Corporate Governance
Whistle-blowing
B. Protection for Whistle-blower c. Where the information is given, on a strictly
confidential basis to unit Legal/ an appointed
and Reported Party external solicitor or an external auditor to obtain
professional advice; and
• Safety: Employee members (including those who are d. Where the information is given to the police for
asked to assist in the investigations) are assured criminal investigation.
that they will be protected from repercussions or
victimisation as long as they made the report in If the Bank is faced with an exceptional circumstance
good faith. Employee members who treat a whistle- above and has disclosed the identity of the whistle-
blower unfairly will face disciplinary actions. On blower or any information that could reasonably be
the other hand, the Bank may take disciplinary expected to reveal his/her identity, the Bank shall make
actions against an employee member who makes every reasonable effort to inform the whistle-blower of
a frivolous or malicious report as a vendetta or for the disclosure.
personal gain.
• Confidentiality: While the whistle-blower has the However, if the Bank is faced with a circumstance not
right to have his/her identity kept confidential, covered by the above, and where the identity of the
the Bank encourages him/her to disclose his/ whistle-blower has to be revealed, the investigator will
her identities when raising a concern or providing not proceed unless consent is given by the whistle-
information. The identity of the whistle-blower and blower.
the information provided by the whistle-blower will
be kept strictly confidential.
C. Result of Whistle-blowing
Exceptional circumstances in which the identity or
the information provided by whistle-blower could not During 2023, there were 6 (six) cases reported through
or would not be treated as strictest confidentiality the whistle-blowing hotline channels. All cases had
include: been followed up, acted upon, and closed.
a. Where the Bank is under a legal obligation to
disclose information provided;
b. Where the information is already in the public
domain;
Implementation of Prevention of Corruption, Kickbacks,
Fraud, Bribery and/or Gratification
The Legal Function provides advisory support for compliance with anti-corruption and Integrated Fraud
Management Function to support on Anti Fraud Strategy implementation. In order to prevent corrupt practices,
kickbacks, fraud, bribery and/or gratification within the Bank, all Bank employees must sign Integrity Pact and
Anti-Fraud Declaration as governed in the Bank’s Anti-Fraud Policy. In addition, anti-corruption policies have
been included as a part of the Code of Conduct and Code of Ethics for the Bank’s employees. All of the Bank’s
employees must sign that code of ethics and within that code of ethics, the Bank’s employees are prohibited from
being involved in practices of bribery or corruption and the Bank also endeavours in communication and trainings
via Fraud Awareness Programme e-learning and UK Bribery Act e-learning and with regards to cooperation with
external third parties, it has been included in the cooperation agreements with them a clause on compliance with
anti-corruption laws.
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Internal Communications
The Bank uses various internal communications media • Customer Experience & Advocacy
to educate its employees about the banking industry,
and to provide information on related business
(CEA) News
Routine publication featuring information
activities, policies, and the Bank’s plan. The internal
associated to customers’ service quality.
communications network consists of:
• UOB Intranet Portal • IT News
Information related to policies relating to the
An online intranet portal containing important
information and technology systems within the
information to support Bank’s services and daily
Bank’s environment.
operations.
• CEO’s Message • Risk Management
Information on risk management policies in the
Information about Bank’s strategic plan and
Bank.
achievement, also congratulatory messages on
religious and cultural activities presented by the
President Director. • Posters
Information related to the Bank’s policies, and
placed in staff’s offices, both at head office and
• E-Learning
branches.
Conducted as a refreshment of implementing
the Bank’s policy information in which all UOB
employees must participate in. The information • Screen Saver
provided includes policies on Know Your Customer, The latest information about programmes related
Anti-Money Laundering, IT Security Awareness, Fair to the employees’ personal development is provided
Dealing, Insider Trading and other policies related in the form of a screen saver on the computers of
to banking operations. employees.
• Daily News • Weekly Update
Sent on a daily basis to all employees which Summary of activites or information for one week.
containing news summaries associated to financial
institution and UOB Indonesia coverage in various
printed and online media.
• HR News
Sent to all employees which containing information
on policies related to human resources in the Bank’s
environment.
• PFS News
Information related to promotional activities carried
out by the Personal Financial Services (PFS) function
on privilege banking, savings, time deposits, credit
cards, housing loans and other internal events held
by PFS.
• TSB News
Information on activities conducted by Transaction
Banking (TSB) Function.
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Chapter .05
Good Corporate Governance
Corporate Social Responsibility
UOB Indonesia is dedicated to helping customers to manage their
personal and business financial, and in conducting the Bank’s business
activities, we are also committed in empowering the community where
we operate. To this end, the Bank is actively participating in the
community through Corporate Social Responsibility (CSR).
Our CSR programme under UOB Heartbeat focuses on arts, children,
and education and continues to impact society. For more than 10
years in Indonesia, we have held various programmes that includes
activities for the community ranging from education to children, such
as learning through digital space in virtual learning spaces, education
to teacher forums and appreciation of art through the UOB Painting
the Year event, which has been running for more than 40 years in
Asia and more than 10 years in Indonesia. UOB’s contribution to the
art stage encourages artists’ spirit and creative thinking not only in
Indonesia but also in Southeast Asia, along with empowering the next
generation of talented Indonesian artists.
Our annual fundraising activity, the UOB Heartbeat Run/Walk, is held
virtually with more than 2,500 colleagues participating. Collectively
we raised more than IDR250 million in support of 4 Special Needs
Schools for deaf students in 4 regions and Rosa Foundation.
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Customer Protection
UOB Indonesia conducts its business in a responsible manner. We provide quality services to our customers and
ensure their financial needs are met. Our Customer Service and Call Centre always supports every need relating to
customer transactions. To ensure that the complaints and concerns of customers are well addressed, the Bank has
implemented a policy for handling complaints and settling disputes with customers. Bank procedures in receiving
customer complaints in a branch office or our business units and for the settlement of disputes are carried out in
accordance with Indonesian laws and other regulations in accordance with Circular No. 23/CEA/0002 regarding
Revised Guidelines for Acceptance and Settlement of Customer Complaints. Customers who want to give feedback
on the services of the Bank can fill out a form at our branches. In addition, the Bank also provides information
to customers about banking mediation through posters mounted on our branches and website UOB Indonesia
(www.uob.co.id). The Bank’s Call Centre is equipped with an automatic answering machine and call center agent
service for 24 hours. The Call Centre handles customer questions regarding credit cards, savings and loans. We
continually improve the quality of service, therefore the Bank regularly holds special development programme for
the agents to increase their knowledge and ensure the delivery of accurate information to customers.
Table of Customer Complaint of 2023
Types of Financial Transaction Resolved*) In Progress*) Unresolved*) Number of
No.
(Financial & Non Financial) Total (%) Total (%) Total (%) Complaint
1 Current Account 1 NA 0 NA 0 NA 1
2 Saving Account 6 NA 0 NA 0 NA 6
3 Time Deposits 3 100 0 0 0 0 3
4 Credit/Working Capital Financing 16 100 0 0 0 0 16
5 Home/Apartment Ownership Credit/
5 100 0 0 0 0 5
Financing
6 ATM/Debit Card 629 96.9 20 3.1 0 0 649
7 Credit Card 1,688 53.5 1,467 46.5 0 0 3,155
8 Direct Debit 0 NA 0 NA 0 NA 0
9 Standing Instruction 0 NA 0 NA 0 NA 0
10 Electronic Banking 4,770 97.9 104 2.1 0 0 4,874
11 Mutual Fund 0 NA 0 NA 0 NA 0
12 Bancassurance 1 100 0 0 0 0 1
13 Wealth Management 0 NA 0 NA 0 NA 0
14 Trade Finance 8 100 0 0.0 0 0 8
15 Derivative 0 NA 0 NA 0 NA 0
Total 7,127 81.8 1,591 18.2 0 0 8,718
*) As at 31 December 2023
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Chapter .05
Good Corporate Governance
General Conclusion of The Result of Self-Assessment of the
Implementation of Good Corporate Governance at PT Bank
UOB Indonesia
The Bank conducted a self-assessment of its Aspects of the Governance Process has run well, which
implementation of Good Corporate Governance is reflected in:
principles as of December 2023. • fulfillment of the duties and responsibilities of the
Board of Commissioners, Board of Directors and
The Bank is rated by comparing its Good Corporate Committees;
Governance implementation against the minimum • the 3 lines mechanism which includes a risk taker
criteria set by Financial Services Authority (OJK). unit (business/support unit) as the first line, a Risk
Management Unit and a Compliance Unit as the
The Management is fully aware that the Bank should second line, and an Internal Audit Unit as the third
implement Good Corporate Governance to gain trust line; and
from customers as well as shareholders. • implementation of periodic inspections by the
Internal Audit and External Audit Units to ensure
The Bank believes that Good Corporate Governance the effectiveness of the implementation of all
should be achieved based on with high standards policies, procedures and the Bank’s management
in order to support business (for business growth, information system.
profitability, and value-added for all stakeholders) as
well as to enhance its ability so that long-term business In general, the Bank has achieved good results in 2023,
sustainability can be achieved. particularly in the aspect of:
• adequacy of report transparency;
In the GCG Self-Assessment in the 2nd Half of 2023, the • compliance with laws and regulations;
Bank scored a composite rating of 2, which means • customer protection;
that the Bank has achieved generally ‘Good’ GCG • objectivity in performing assessment/audit;
implementation. This is reflected through the adequate • Bank performance (in earnings, efficiency, and
fulfilment of GCG principles. capital); and
• improvement of compliance with prevailing
Below is the result of GCG Self-Assessment viewed provisions.
from the aspect of governance structure, governance
process and governance outcome. In terms of strategic plans, the Bank’s performance by
the end of 2023 is reflected in the following:
The Bank has conducted a self-assessment of the • Net Profit Before Tax (NPBT) reached IDR912 billion
implementation of Good Corporate Governance or 101.3 per cent from the target;
principles for the period of January to December 2023. • Lending of IDR84,339 billion or 85.6 per cent of the
In general, the Good Corporate Governance principles target;
have been applied to satisfy all assessment factors • Funding of IDR118,871 billion or 85.8 per cent from
and has included aspects of governance structure, the target;
governance process and governance outcome • Capital Adequacy Ratio (CAR) of 18.3 per cent,
adequately. which is still above regulatory requirement; and
• Core capital ratio against Risk Weighted Asset
The Bank’s organisational structure is made up of a (RWA) of 16.8 per cent.
Board of Commissioners, a Board of Directors and
Committees, as well as work functions according to Moreover, the Bank also supports the Government’s
the Bank’s needs and has complied with regulatory initiative in realising economic independence by
requirements. It is supported by a comprehensive set of channeling credit to strategic domestic economic
policies and procedures, and management information sectors such as: MSMEs, creative economy, tourism,
system, as well as the provision of main duties and infrastructure, maritime, agriculture, agribusiness,
functions. manufacturing and mining. Another government
programme that the Bank has also implemented is the
loan restructuring for customers affected by COVID-19.
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General Conclusion of The Result of Self-Assessment
of the Implementation of Good Corporate
Governance at PT Bank UOB Indonesia
Based on the assessment results of the governance As a form of improvement and efforts to minimise
aspects, a few areas for enhancement have been regulatory penalties, the Bank has taken the
identified as follows: following steps:
1) The composition of Independent Commissioners - Imposed the Key Performance Indicator (KPI)
has not met the requirement 50 per cent of the total deduction point penalty to reporting officer who
number of members of the Board of Commissioners makes the reporting error and related direct
due to the process of appointing replacement supervisor; and
Independent Commissioner candidate has not been - Conducted regular socialisation and training,
fully completed. The pending process is due to the especially related to regulatory reporting to
resignation of the candidate as a Chairman of the improve employee understanding.
Commissioner at the previous company which was - Specifically, for SLIK reporting, the Bank has
a Non-Bank Financial Institution required approval created a tool (script) to identify inaccurate
from the OJK Capital Market Supervisory before data before the report is submitted, added
holding a General Meeting of Shareholders. fields in the system for certain mandatory
information to reduce manual processes in
The appointment of new Independent Commissioner preparing reports, created a metadata matrix
has been completed as of 30 January 2024. as a guide in preparing reports, and improved
coordinating with business units in submitting
2) Improvements are required in the Bank’s internal data to reporting units.
control system, i.e., related to administrative
sanctions imposed by regulators due to error in 3) The consistency of control implementation in
regulatory reporting, which was generally caused accordance with risk management policies and
by human error and control function from supervisor operational procedures needs to be improved. Thus,
that can be furtherly improved. In addition, based socialisation of policies related to risk management
on results of Internal Audit inspection, there are still also needs to be continually carried out in line
weaknesses in the operational processes that have with business strategy developments, changes
potential violations of the Regulator’s requirements. in internal and external factors, and employee
turnover that occurs, so as to maintain consistency
of implementation.
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Chapter .05
Good Corporate Governance
Risk Management
In UOB Indonesia, managing risk is an integral part arising from their business activities. This includes
of business strategy. The Bank’s risk management establishing adequate managerial and supervisory
approach focuses on ensuring continued financial controls to ensure compliance with approved
soundness and safeguarding the interests of our risk policies, appetites, limits and controls and
stakeholders, while remaining nimble to seize value to highlight control breakdowns, inadequacy of
creating business opportunities in a fast-changing processes and unexpected risk events.
environment. The Bank continually strengthening risk
management practices in support of Bank’s strategic 2. Second Line – Risk Oversight. The risk and control
objectives. The Bank’s aims to have risk management oversight functions (Risk Management, Compliance,
embedded as a culture to support sustainable, and Integrated Fraud Management) support
trustworthy and sound business growth. Bank’s strategy of balancing growth with stability
by establishing risk frameworks, policies, appetites
UOB Indonesia believes that a strong risk culture and limits within which the business functions must
is vital to the long-term sustainability of the Bank’s adhere to comply with in their operations. The risk
business. Specifically, risk culture refers to the norms, and control oversight functions are also responsible
attitudes and behaviours related to risk awareness, for the independent review and monitoring of the
risk-taking and risk management, and controls that Bank’s risk profile and highlighting any significant
shape decisions on risks. At UOB Indonesia, risk vulnerabilities and risk issues to the respective
culture is based on corporate’s values. A strong risk management committees. The independence of
culture ensures that decisions and actions consider risk and control oversight functions from business
and are focused on stakeholders, and that we are not functions ensures the necessary checks and
distracted by unsustainable short-term gains. balances are in place.
The Bank’s risk culture is built on 4 (four) principles, 3. Third Line – Independent Audit. The Bank’s internal
which are enforcing robust risk governance; balancing auditors conduct risk-based audits covering all
growth with stability; ensuring accountability for all aspects of the First and Second Lines to provide
risk-based decisions and actions; and encouraging independent assurance to the President Director
awareness, engagement and consistent behavior in and Board of Commissioners through Audit
every employee. Each of these principles is based on Committee on the adequacy and effectiveness
Bank’s distinctive set of values that guides every action of our system of risk management and internal
the Bank takes. In entrenching risk culture further, the controls.
Bank upholds its commitment to financial safety and
soundness; fair outcomes and appropriate support for As governed in the regulatory provision, UOB Indonesia
Bank’s customers; sustainable and prudent business established an independent Risk Management
approach and performance based on integrity, ethics Function, which reports to Risk Management Director.
and discipline.
Risk Management Function, actively reviews the
Risk management is the responsibility of every employee overall risk appetite and risk limits for each type of risk,
within the Bank. Risk awareness and accountability are develops Risk Management policies and procedures
embedded in Bank’s culture through an established in accordance with the business strategy of the Bank,
framework that ensures appropriate oversight and and emphasises that the risk management process
accountability for the effective management of risk should also involve all relevant parties in the business
throughout the Bank and across risk types. This is lines. Hence, the Bank seeks to build a strong Risk
executed through an organisational control structure Management culture through the implementation of
according to ”Three Lines Model” as follows: various risk awareness campaigns coordinated by Risk
Management Function.
1. First Line – The Risk Owner. The business and
support functions own and have the primary Risk Management aims to improve the quality of
responsibility for implementing and executing managing UOB Indonesia through two aspects,
effective controls for the management of risks which are to maintain capital and optimise returns in
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Risk Management
accordance with the risk appetite. Given the wide scale of operation and increase of business volume, UOB
Indonesia continues to improve the quality of risk management in a comprehensive and integrated manner
(Enterprise-wide Risk Management) through process of identification, measurement, monitoring and controlling
risk exposures across all organisational lines promptly and accurately.
Risk Management Chart
Committee • Risk Monitoring Committee
• Audit Committee
Tier 1
Board of Commissioners • Remuneration & Nomination Committee
• Integrated Corporate Governance
Committee
• Executive Committtee
• Credit Committee
• Credit Policy Committee
Board of Directors
• Risk Management Committee
• Anti Money Loundering Committee
Committee
Tier 2
• Business Continuity Management
Committee
• Integrated Risk Management Committee
• Asset & Liability Committee
• Information Technology Committee
• Human Resources Committee
Business Supporting
Risk Control Functions Internal Audit*
Segments Functions
• Risk Management *Report directly
to President
• Compliance
Director
• Integrated Froud
Management*
Legend
First Line
Second Line
Third Line
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Chapter .05
Good Corporate Governance
Risk Management
To support the Risk Management
A. General Risk Management
implementation, the Board of Directors
Implementation
determines clear qualification criteria for
UOB Indonesia implements Risk Management
risk management personnel and ensures
framework which covered the implementation of
sufficiency of competent staff through
four pillars of Risk Management in accordance with
recruitment and various programmes including
OJK Regulation No. 18/POJK.03/2016 regarding
continuous development and training,
Risk Management Implementation for Commercial
succession planning and job rotations. These
Banks which consists of:
ensure that officers and staff understand
1. Active supervision of the Board of
and manage risks in accordance with the Risk
Commissioners and Board of Directors;
Management Framework.
2. Adequacy of policies, procedures, and limits;
3. Risk Management processes and Risk
Management information system; and
A.2 Adequacy of Policy, Procedure, and
4. Internal control system.
Limit
UOB Indonesia establishes various Risk
Management Frameworks, Policies and
The brief explanations are as follows:
Procedures to identify measure, monitor and
control risks. The Risk Management Function
A.1 Active Supervision by Board of
continues to develop and update these
Commissioners and Board of Directors
frameworks, policies, and procedures to align
Board of Commissioners and Board of Directors
with the changes in UOB Indonesia’s business
are responsible to ensure the adequacy of Risk
activities and any regulatory requirements.
Management implementation aligned with the
The Bank also establishes Code of Conduct to
characteristics, complexity, and risk profile of
convey to employees the expected standards
the Bank, and to have a good understanding
of professional and ethical behaviour, and the
of the types and levels of risks inherent in the
implications of poor conduct.
business activities of UOB Indonesia.
UOB Indonesia reviews the risk appetite
UOB Indonesia has several committees at
regularly in order to align with the changes of
the Board of Commissioners level which
internal and external conditions of the Bank,
consist of the Risk Monitoring Committee, the
management expectations, as well as the
Remuneration and Nomination Committee,
regulatory provisions. Risk limits have been
and the Audit Committee. In the process of
in place for various risk types and in line with
supervision, the Risk Monitoring Committee
the Bank’s risk appetite. All excess limits and
conducts regular meetings with the Risk
any significant changes are escalated to the
Management Function to oversee the
related Directors and officers for further action
implementation of the Risk Management
plans.
Framework in UOB Indonesia.
Meanwhile at the Board of Directors level, UOB
A.3 Risk Management Process and Risk
Indonesia has various committees such as the
Management Information System
UOB Indonesia implements Risk Management
Risk Management Committee (RMC), the Asset
through 4 (four) stages which consist of:
and Liability Committee (ALCO), the Credit
1. Risk identification: conducted pro-
Policy Committee (CPC), and others. The duties
actively, by analysing all sources of risk
and responsibilities of these committees are to
on the products and activities of the
review the adequacy of the Risk Management
Bank, including ensuring the adequate
methodologies, policies, procedures and
process of identification and assessment
authorization of limits. These duties and
of the inherent risks on new products and
responsibilities are documented in the Terms of
activities prior to its launch;
Reference of each committee.
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Risk Management
2. Risk measurement: conducted in regular various Risk Management policies, limit, and
basis to measure overall and individual develop risk measurement methodologies,
risk factors and exposures on all products as well as performing data/model
and business activities of Bank. Stress validation;
testing is conducted in regular basis to 3. Assign an independent Internal Audit
the overall Bank’s portfolio to complement Function, responsible in conducting
the risk measurement system through the periodic audits, document audit findings
estimation of Bank’s potential loss under and management responses of the audit
stress condition using certain scenarios that result, and also reviewing the follow up of
may adversely affect the Bank’s exposure; audit findings; and
3. Risk monitoring: covers monitoring the level 4. Review and monitor every transaction
of risk exposure, risk tolerance, internal and functional activities that have risk
limit compliance, stress testing result, and exposures as necessary, which is performed
consistency between the implementation by each unit.
and the established policies and
procedures; and Statement of the Board of Directors and/or
4. Risk controlling: conducted through a Board of Commisionners regarding Adequacy
framework of policies, processes, and of Internal Control System
procedures which include the determination The Board of Directors and/or Board of
of exposure and concentration limits, Commisionners declared that Bank’s internal
proper segregation of duties, control control system is adequate and has been
improvements, hedging mechanism and effectively implemented in all material aspects
other risk mitigation methods such as for financial year end of 31 December 2023 and
guarantees issuance, asset securitization, also adequate and effective to achieve Bank’s
and credit derivatives, as well as additional business objective in complying with relevant
of capital of the Bank to absorb potential regulation without compromising financial
losses. performance and reputation. The Board of
Directors and/or Board of Commisionners also
To support the overall Risk Management confirmed that in the review throughout the
process, the Bank implements and develops a year, any gaps in internal control system have
robust Risk Management information system in been corrected and managed appropriately. In
order to identify, measure, monitor, and control addition, the Board of Directors and/or Board
risks. The Risk Management Function also of Commissioners reiterated their responsibility
provides various reports of UOB Indonesia’s and commitment to continue maintaining and
Risk Management implementation to the Board reviewing the adequacy, effectiveness and
of Directors and Senior Executive Officers, as integrity of the Bank’s internal control system.
well as regulators.
A.5 Integrated Risk Management
A.4 Internal Control System As stipulated in the OJK Regulation No. 17/
An effective internal control system is POJK.03/2014 concerning the Implementation
performed towards the implementation of of Integrated Risk Management for Financial
business and operational activities at all Conglomerate and OJK Regulation No.
organisation levels to support the process of 45/POJK.03/2020 concerning Financial
Risk Management Implementation based on Conglomerate, the Bank performs integrated
the established policies and procedures which risk based supervisory on UOB Financial
include: Conglomerate. United Overseas Bank Limited
1. Conduct segregation of duties between (UOB) has appointed the Bank as the Main
operational units with risk control units; Entity of the UOB Financial Conglomerates,
2. Assign an independent Risk Management which consists of PT Bank UOB Indonesia, PT
Function, which is responsible in developing UOB Asset Management Indonesia, and PT
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Chapter .05
Good Corporate Governance
Risk Management
UOB Kay Hian Sekuritas. Hence, in addition Credit Risk Management Governance
to the implementation of risk management Structure
for solely to the Bank, Bank shall also Board of Commissioners, Board of Directors,
conduct an integrated risk management for and Senior Executive Officers are responsible
financial conglomerates. The integrated risk to ensure the following governance activities:
management implementation covers the 1. Ensure the adequacy of Risk Management
following: resources;
1. Supervision of Board of Directors and 2. Review the overall risk profile, limits and
Board of Commissioners of the Main Entity; tolerance;
2. Adequacy of Integrated Risk Management 3. Review and approve risk measurement
Policies, Procedures and Establishment of models and approaches; and
Limit; 4. Approve Bank’s credit policies, limits and
3. Adequacy of Integrated Risk Management methodologies.
Process and Integrated Risk Management
Information System; and To support the above responsibilities related
4. Internal Control System for Integrated Risk to Credit Risk Management, UOB Indonesia
Management Implementation. has several committees at Director Level such
as Credit Committee (CC) to give approval
The Bank integratedly manages 9 (nine) type of decision for credit proposal and Credit Policy
risks, which comprise of credit, market, liquidity, Committee (CPC) to give approval for credit
operational, legal, compliance, strategic, policies in UOB Indonesia and monitor any
reputational, and intra-group transaction credit issue related to policy implementation.
risks. The Bank’s integrated risk management
does not include insurance risk because there Credit Risk Management (CRM) Division
is no insurance company within the financial CRM Division develops various core policies
conglomerate. and guidelines related to credit activities, and
responsible to report and conduct analysis of
B.1 Credit Risk all elements of credit risk and also monitors
Credit Risk is defined as the risk of loss arising and manages credit risk within the established
from any failure by a debtor or a counterparty framework. CRM Division actively engages with
to meet its financial obligations when such business and credit functions to manage credit
obligations are due. It is the single largest risk issues, which focus in facilitating the prudent
that the Bank faces in its core business as a business developments, consistently and in
commercial bank, arising primarily from loans accordance with the Credit Risk Management
and other lending-related commitments to Framework. It aims to create added value for
retail, corporate and institutional borrowers. the Bank through the implementation of credit
Treasury and capital market operations, and risk method and policies consistently.
investments also expose to counterparty and
issuer credit risks. UOB Indonesia adopt a Credit Risk Management Policies & Process
holistic approach towards assessing credit The Bank has established policies and
risk and ensures that managing credit risk is processes to manage Credit Risk in the lending
part of an integrated approach to enterprise activities. In line with OJK Regulation regarding
risk management. A framework that clearly Implementation of Sustainable Financing,
defines policies and processes relating to the the Bank will also continue to implement
identification, measurement and management and enhance its Environmental, Social, and
of credit risk is integral to the management of Governance (ESG) policy for its lending activity.
credit risk. The Bank has in place a responsible financing
policy which embedded in the General Credit
The Bank continually monitors the operating policy, applies to lending activities for debtors
environment to identify emerging risks and in the Wholesale Banking segment, aimed at
formulate appropriate mitigating measures. customers to conduct their business practices
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Risk Management
in correlation with maintaining the environment Bank manage such risks by setting
and supporting long-term sustainable exposure limits on obligor groups,
development. portfolios, borrowers and industries,
generally expressed as a percentage of
Key areas of the Bank’s credit policies and the Bank’s eligible capital base. Bank
process covers: manage the credit risk exposures through
a robust credit underwriting, structuring
1. Credit Assessment and Approval and monitoring process.
To maintain independency and integrity
of the credit approval process, Credit 4. Credit Stress Test
Function is clearly segregated from Credit stress-testing is a core component
Business functions. Approval of credit of the Bank’s credit portfolio management
facilities and exposures to borrowers and/ process. Bank conduct stress test to assess
or other counterparties is in accordance to if the Bank’s capital can withstand credit
the credit discretionary limits framework portfolio losses resulting from stress
approved by the Board of Commissioners. scenarios and their impact on profitability
UOB Indonesia has established a structure and balance sheet quality. Stress tests also
for the delegation of Credit Discretionary help the Bank to identify the vulnerability
Limits (CDL), which follows a stringent of various business units and would
process that takes into consideration the enable the Bank to formulate appropriate
experience, seniority and track record mitigating measures.
of the officer. Credit Risk Management
Division acts as the custodian of the CDL In 2023, Bank has conducted stress test
structure to ensure that the CDL’s are exercise to assess the capital adequacy
properly administered and reviewed. All resilience level and Bank’s liquidity in
officers involved in lending are guided responding to changes and shocks in
by credit policies and guidelines which macroeconomic conditions. On credit
are periodically reviewed to ensure their portfolio impacted by COVID-19, Bank also
continued relevance to the Bank’s business continues to conduct stress test/scenario
strategy and the business environment. analysis on its impact to the Bank asset
quality, liquidity and capital. The Bank
2. Counterparty Credit Risk conducts stress tests exercises periodically
Unlike normal lending risk where the as part of the Bank’s risk management
notional amount at risk can be determined process.
with a high degree of certainty during the
contractual period, counterparty credit risk 5. Credit Risk Mitigation
exposure fluctuates with market variables. Bank’s potential credit losses are mitigated
Counterparty credit risk is measured as the through a variety of instrument such as
sum of current mark-to-market value and collateral, derivatives and guarantees and
an appropriate add-on factor for Potential netting arrangements. As a basic principle
Future Exposure (PFE). The PFE factor is an of credit activity, the Bank does not
estimate of the maximum credit exposure grant credit facilities solely based on the
over the remaining life of the foreign collateral provided. All requests for credit
exchange (FX)/derivative transaction and facilities are assessed based on the credit
is used for limit-setting and internal risk standing, source of repayment and debt
management. servicing ability of the borrower.
3. Credit Concentration Risk The Bank take Collateral whenever possible
Credit concentration risk may arise from to mitigate the credit risk assumed and
a single large exposure or from multiple the value of the collateral is monitored
exposures that are closely correlated. periodically. The frequency of valuation
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Chapter .05
Good Corporate Governance
Risk Management
depends on the type, liquidity, and Mention, or Non-Performing (Substandard,
volatility of the collateral value. The main Doubtful, or Loss) in accordance with the
types of collateral taken by the Bank are regulatory provisions. Account grading
cash, marketable securities, real estate, must be supported by a credit assessment
and vehicles. Collateral and guarantor based on OJK’s 3 (three) pillars i.e., the
requirements are stipulated in credit policy. repayment capability, business prospect,
and debtor’s performance.
Credit Risk Mitigation Techniques in
accordance with the OJK Guidelines Any account which is delinquent or past
for calculating Risk Weighted Assets due (or in excess of the approval limit
(RWA) using the Standardised Approach for a revolving credit facility such as an
including Credit Risk Mitigation in the form overdraft) for more than 90 (ninety) days
of eligible financial collateral, guarantees will automatically be categorised as ‘Non-
and credit insurance. Currently, the Bank Performing’. In addition, any account that
only uses eligible financial collateral in the exhibits weaknesses which are likely to
calculation of RWA. adversely affect repayment on existing
terms as supported by OJK 3 (three) pillars
6. Credit Risk Monitoring & Remedial analysis may also be categorised as ‘Non-
Management Performing’.
Having a good and strong credit risk
monitoring is very important to ensure the The Bank provides for Loan Impairment in
Bank’s investments/loan portfolios are accordance to the PSAK 71 requirements
protected to meet and adhere to regulatory where loans are categorised into 3 (three)
requirement. Bank has established strong stages. Stage 1 represents the good loan,
and robust loan monitoring framework Stage 2 account representing the loan
including Early Detection, Watchlist with significant increase in credit risk and
guidelines, covenant monitoring and Stage 3 representing the impaired or Non-
periodic review. Performing Loan.
7. Delinquency Monitoring 9. Retail Credit Management, Business
UOB Indonesia closely monitors the Banking Credit Management and
delinquency of borrowing accounts, Special Asset Management
as it is a key indicator of credit quality. Retail Credit Management, Business
An account is considered delinquent Banking Credit Management and Special
when payment has not been received by Asset Management monitor weak credits
the payment due date. Any delinquent and manage non-performing assets in
account, including a revolving credit Retail Banking and Wholesale Banking.
facility (such as an overdraft) with limit These units are separated from the loan
excesses, is closely tracked and managed origination units to ensure independency
through a disciplined process by officers and objectivity in managing problematic
from business units and the credit and risk loan.
management function. Where appropriate,
such accounts are also subject to more 10. Write off Policy
frequent credit reviews. A non-performing account is written
off when the prospect of a recovery is
8. Classification and Loan Loss Impairment considered poor or when all feasible
UOB Indonesia classifies its credit avenues of recovery have been exhausted.
portfolios according to borrower’s ability
to repay the credit facility from their normal 11. Credit Exposures under Basel
source of income. All borrowing accounts UOB Indonesia currently uses the
are categorised into Pass, Special Standardised Approach to measure the
RWA for Credit Risk.
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In calculating the RWA for credit risk, the Market Risk Management Policy
Bank refers to OJK Circular Letter No. 48/ The Bank established Market Risk
SEOJK.03/2017, OJK Circular Letter No. 11/ Management policy as a guidance for Market
SEOJK.03/2018 and OJK Circular Letter No. Risk Management implementation. Market
24/SEOJK.03/2021 in applying risk weights Risk Management Policy is reviewed at least
for each particular asset classification or annually to conform with business strategy,
portfolio category. In the event there is a management directives and regulatory
claim that requires a rating, the Bank uses a requirements, approved by ALCO.
rating agency recognised by the regulator
in accordance with the provisions of the Market Risk Management
recognised rating agency as stipulated in The main responsibilities of Market Risk
OJK Circular Letter No. 37/SEOJK.03/2016 Management and Product Control Division are
concerning “Rating and Ranking Agencies to identify, measure, monitor and to mitigate
recognised by OJK”. Market Risk, as well as to escalate any breach
of market risk limits and mandates.
Disclosure of Net Receivables by Portfolio
Category and Rating can be seen in the Bank employs valuation methodologies that
publication of the Bank’s Annual Report. are in line with sound market practices. In
addition, the New Product process ensures
B.2 Market Risk that the market risk issues are identified and
Market Risk is the risk of loss arising from adequately addressed prior to launch.
movements in market variables on the position
held by UOB Indonesia which can result in The overall market risk appetite is balanced
losses for the Bank. Market variables that with Bank’s targeted revenue and takes into
influence the position of the Bank are interest account the capital positions. This ensures
rates and exchange rates, including changes that the Bank remain well-capitalised, even
in the price of the option. under stress conditions. The risk appetite is
translated into risk limits that are delegated to
Market Risk Management Governance business units. These risk limits are set based
Structure on expected returns that are commensurate
Market risk management is governed by Assets with the risks taken.
and Liabilities Committee (ALCO), which meets
monthly to review and to provide direction on For the purposes of internal monitoring and
market risk matters. reporting, market risk on a portfolio basis is
measured and controlled based on internal
ALCO is supported by Market Risk and Product models. The Bank adopts the Expected Shortfall
Control (MRPC) Division. MRPC Division is (ES) using historical simulation approach to
an independent unit that is responsible measure the potential loss at a 97.5 per cent
to develop and maintain the market risk confidence level (average of 7th worst losses)
governance through Market Risk Management based on 300 days’ historical price changes. ES
Policy in order to support the business growth estimation are back tested against profit and
and ensure the adequacy of risk control and loss of trading book (actual and hypothetical
oversight. profit & loss) as a verification process of the
accuracy & robustness of the methodology.
The roles and responsibilities on each level of The back testing process analyses whether the
the position related to the implementation of exceptions are due to model deficiencies or
Market Risk Management is determined and market volatility.
tailored according to the purpose, business
policy, size and complexity of the Bank. These
roles and responsibilities are governed in the
Market Risk Management Policy.
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To complement the ES measure, Bank performs impact of interest rate changes on Net Interest
stress tests to identify the Bank’s vulnerability Income (NII) by simulating the possible future
to event risk. These tests serve to provide early course of interest rates over time.
warnings of plausible extreme losses.
Interest rate scenarios used in simulations
Interest Rate Risk in the Banking Book include the 6 (six) stress scenarios prescribed
Interest Rate Risk in the Banking Book (IRRBB) by OJK. The Bank also performs simulation
is defined as the risk of potential loss of capital regularly to determine the impact of interest
or reduction in earnings due to changes in rate movement to Bank’s capital. Such tests
interest rates environment. are also performed to provide early warnings
of potential extreme losses, facilitating the
Interest Rate Risk Management Governance proactive management of interest rate risks
Structure in an environment of rapid financial market
ALCO is delegated by the Board of Directors changes.
to supervise the effectiveness of Interest Rate
Risk Management governance. Balance Sheet Interest Rate Risk in Banking Book Policy
Risk Management Unit supports ALCO in The Bank established Interest Rate Risk in
monitoring the profile of interest rate risk in Banking Book Policy as a guidance for interest
the banking book. At the operational level, the rate risk in banking book management
Global Markets and Central Treasury Unit (CTU) implementation. Interest Rate Risk in Banking
Divisions are responsible for the effectiveness Book Policy is reviewed at least annually to
of the management of interest risk in the conform with business strategy, management
banking book tailored with the established directives and regulatory requirements,
interest rate risk management policy. approved by ALCO.
Interest Rate Risk Management Framework Market Risk Exposures under Basel
The primary objective of interest rate risk The Bank currently applies the Standardised
management is to protect and enhance Approach under OJK Regulation to measure
economic value of capital and maintain a the RWA for Market Risk. Where calculation
stable and positive growth in net interest incorporates all of the Bank’s market risk
income through the management of the exposures for on and off balance sheets,
repricing gap in the balance sheet. including derivatives and risk of price change
in option instruments, consolidated under
The banking book interest rate risk exposure interest rates risk (general and specific) and
is quantified on a monthly basis using foreign exchange risk.
simulation techniques. UOB Indonesia employs
a holistic approach towards Balance Sheet
Risk Management. Interest rate risk varies
with different repricing periods, currencies,
embedded options and interest rate basis.
Embedded options may be in the form of loan
prepayment and time deposit early withdrawal.
In Economic Value of Equity (EVE) sensitivity
simulations, the Bank computes the present
values for repricing cash flows, with the focus
on changes in EVE under different interest rate
scenarios. This economic perspective measures
interest rate risks across the full maturity profile
of the balance sheet, including off-balance
sheet items. The Bank estimates the potential
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B.3 Liquidity Risk The Bank manages the Liquidity Risk by using
Liquidity Risk is defined as the risk arises from cash flow projection under ‘business as usual’,
the Bank’s inability to meet its obligations ‘bankspecific crisis’ and ‘general market
from cash flow funding sources and/or from crisis’ scenarios, and also by monitoring
high quality liquid asset that can be pledged liquidity ratios as an early warning indicator.
without disrupting Bank’s activities and In addition, the Bank also monitors the
financial condition. stability of its ‘core deposits’ which consist
of non-bank stable deposits such as current
Liquidity Risk Management Governance account, savings account, and fixed deposit
Structure by analysing their volatility overtime. Balance
ALCO assists the Board of Directors in Sheet Risk Management Unit is responsible
managing the Bank’s Liquidity Risk. Liquidity to develop, enhance, implement, monitor, and
Risk is consistently reported and discussed review, assumptions, methodologies, sources
in the ALCO meeting, which is conducted of data, delegation of authority, stress testing
regularly, at minimum once a month. and procedures used to measure the Liquidity
Risk.
In addition, the trend of liquidity position
is also presented in Risk Management Several strategic actions have been taken to
Committee (RMC) meeting and to the Board manage Liquidity Risk. On the funding side,
of Commissioners through Risk Monitoring the Bank conducts an in-depth evaluation
Committee (ROC) meeting. Analysis and control of its funding capacity focusing on funding
of Liquidity Risk is performed by Balance Sheet sources, concentration, tenor, and access to
Risk Management Unit, responsible to monitor, other funding sources in the market. On the
measure, review, and report the Bank’s Liquidity asset side, UOB Indonesia conducts analysis
Risk and IRRBB. UOB Indonesia established of the type and composition of asset such as
the roles and responsibilities on each level of loans, liquid asset and policies for financial
position which is related to the implementation instrument that covers the acceptable criteria
of Balance Sheet Risk Management and for trading and investment assets. Updated
tailored with the purpose, business policy, information regarding financial market
size and complexity of Bank. These roles and and economic condition are also critical in
responsibilities are governed in the Liquidity order to understand the amount of funding
Risk Management Policy. available from the market under normal and
stress conditions. Furthermore, new product/
Liquidity Risk Management Framework transaction/activities that have exposure to
Liquidity Risk arises because of discrepancy Liquidity Risk are adequately reviewed and
between the period of funding and approved prior to its initiation.
disbursement of loan on UOB Indonesia
business activities. The cash flow analysis of net funding
requirement involves the preparation of cash
To mitigate the Liquidity Risk, the Bank flow mismatch based on actual contractual
established Liquidity Risk management policy, maturity. Contractual cash flow profile allocates
including the establishment of strategies and asset, liabilities, and off balance sheet items
limits with appropriate risk level taken by the into time band by remaining maturity. UOB
Bank. Indonesia also produces cash flow mismatch
report based on behavior assumption, related
UOB Indonesia strategies focus on the to behaviour analysis of asset, liabilities, and
business development within the Liquidity off balance sheet, and provides potential cash
Risk framework which is performed prudently, flow projection based on assumptions which
consistently and efficiently in order to balance
the risk and returns.
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derived from the behaviour patterns. From the The level of sophistication and detail of the
behaviour cash flow analysis, the expected plan would commensurate with the complexity,
Net Cumulative Outflow (NCO) gaps that will risk exposure, activities, products and
be encountered are obtained. organisational structure of the Bank, in order
to determine the most relevant indicators for
The daily and monthly cash flow mismatch managing liquidity and funding. In addition,
reports are produced and monitored by UOB Indonesia also established a Liquidity
Balance Sheet Risk Management Unit by Task Force (LTF) that is responsible to evaluate
comparing the daily report position against liquidity position and decide actions to be
NCO limit. Balance Sheet Risk Management taken when crisis occurs.
Unit also ensures that the Bank is not exposed
by Liquidity Risk and provides report to senior B.4 Operational Risk
management for action that will be taken to Operational Risk is defined as the risk of loss
mitigate and manage the Liquidity Risk. resulting from inadequate or failed internal
processes, people and systems or from
UOB Indonesia performs calculation and external events. Such loss may be in the form
monitoring of Liquidity Coverage Ratio (LCR) of financial loss or other damage, for example,
and Net Stable Funding Ratio (NSFR). Both loss of reputation and public confidence that
ratios are above the regulatory requirement. will impact our creditability and/or ability to
transact, to maintain liquidity and/or to obtain
Liquidity Risk Management Policies new business. Primary objective of managing
Liquidity Risk Management Policy is developed operational risk is to foster a sound reputation
by Balance Sheet Risk Management Unit and operating environment.
which provides details on how Liquidity Risk
is effectively managed by UOB Indonesia. Operational Risk Governance, Framework
This policy aims to address the Liquidity and Programmes
Risks that might arise primarily from the Operational risk is managed through a
business activities of extending loans, making framework of policies and procedures by which
investments, accepting deposits and other business and support units properly identify,
funding requirements on trading activities. assess, monitor, mitigate and report their
This policy is reviewed at least annually to risks. The Risk Management Committee meets
incorporate significant business changes, minimum 10 (ten) meetings per year to provide
management objectives and regulatory oversight of operational risk matters across
requirements approved by ALCO. the Bank.
Contingency Funding Plan The Operational Risk Governance structure
The Contingency Funding Plan (CFP) is a critical adopts the Three Lines Model. The business and
component of the liquidity management support units, as the First Line, are responsible
framework and serves as an extension of our for establishing a robust control environment
operational or daily liquidity management as part of their day-to-day operations. Each
policy. The CFP describes the actions that business or support unit is responsible for
should be taken by UOB Indonesia in the event implementing the operational risk framework
of a liquidity crisis, whether occurring in a bank and policies, embedding appropriate internal
specific or a general market. The CFP serves to controls into processes and maintaining
identify and recognise a liquidity crisis, define business resilience for key activities. Line Risk
the appropriate management responsibilities and Control Manager (LRCM) is the person
and responses during a crisis, rectify areas in the First Line appointed by Business and
of concern and ensure that information flows Support Unit Heads to assist them implement
remain timely and uninterrupted to facilitate operational risk management programmes.
quick, precise and effective decision making.
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The Operational Risk Management (ORM) technologies. The governance of technology
Division, as the Second Line, provides risk rests with Risk Management Committee
overarching governance of operational (RMC), which facilitates a holistic oversight
risks through relevant framework, policies, of operational risk matters across the Bank.
procedures, programmes and system. It also Our technology risk management framework
monitors and reports significant operational ensures that technology and cyber risks are
risk matters to the relevant senior management managed in a systematic and consistent
committee and Board of Commissioners. manner. The scope of technology risk
management covers many aspects, including
As part of promoting the risk culture, ORM technology asset management, technology
Division facilitates trainings to the First Line resiliency and the service continuity aspects
in managing and exercising operational of business continuity management,
risk programmes and promoting greater cybersecurity management and information
risk ownership. In addition, a bankwide Risk security management.
Culture Award programme was also launched
to further augment the importance of strong Third Party/Outsourcing Risk
risk culture. Third Party/Outsourcing Risk arises from
transferring some activities to third party
Internal Audit acts as Third Line by providing, service provider through third party/
through periodic audit reviews, an independent outsourcing arrangements, where third party
and objective assessment on the overall provides product or service to Bank or Bank’s
effectiveness of the risk governance framework customers. The risk could result in adverse
and controls. financial, operational, reputational, legal and
compliance impact arising from the failure of
Risk Management Framework and Policies a third party to provide the agreed product or
in managing operational risks include service. The Bank establishes robust principles,
Operational Risk Management Framework requirements and governance in managing
and Policy, Technology Risk Management third party/outsourcing risk through Third
Framework and Policy, Third Party/Outsourcing Party/Outsourcing Risk Management Policy
Risk Management Policy, Product/Service and Guidelines that sets out among others
Programme Policy, Insurance Management identification and risk assessment during
Policy, Reputational Risk Management Policy, initiation/planning, continuous monitoring and
and Business Continuity Management Policy. risk mitigation of the implementation of third
Key components of the Operational Risk party/outsourcing arrangement.
Management Framework are risk identification
and control self assessment. These are Business Continuity Management
achieved through Bankwide implementation of UOB Indonesia has established and
a set of operational risk programmes such as maintained Business Continuity Management
Key Risk and Control Self-Assessment (KRCSA), (BCM) Policy and Guideline covering
Key Operational Risk Indicator (KORI), self- Business Impact Analysis (BIA), Operational
identified operational risks or Management Risk assessment, recovery for each type of
Risk Awareness (MRA), incident reporting disruption, documentation of disaster recovery
(IRF), outsourcing/third-party and product and contingency plan, and evaluation of
programme. BCM programme effectiveness. This is to
ensure prompt recovery of critical business
Technology Risk and support units should there be unforeseen
Technology risk is defined as any potential events.
adverse outcome, damage, loss, violation,
failure or disruption arising from the use of or
reliance on information and communication
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In order to support and improve BCM B.5 Compliance Risk
readiness, several BCP exercises are conducted Compliance Risk as stipulated in OJK is the risk
on a regular basis including BCP Exercises, arising due to the Bank’s failure to comply with
Disaster Recovery Exercises for IT system and and/or implement the applicable laws and
Management Call Tree Exercises. regulations.
Fraud Risk Management For the Bank’s internal purposes, Compliance
UOB Indonesia defines fraud as: Risk is defined as follows:
1. An act, with an element to deceive or to 1. The risk of regulatory sanctions, financial
conceal facts, and is not restricted to the loss, or damage to the Bank’s reputation
gain of monetary or material benefits. that may arise when the Bank fails to
2. A deviating act or a purposeful neglect comply with laws, regulations, rules,
undertaken in order to deceive, cheat, or standards or codes of conduct (established
manipulate the Bank, customer, or another by industry associations) applicable to the
party, that occurs inside the Bank and/or Bank’s business activities and operations;
using the Bank’s facility so as to cause the 2. The risk that a change in laws and
Bank, customer, or another party to suffer a regulations can increase the cost of
loss and/or to cause the fraudster to gain operation and the cost of capital for the
a benefit, both directly as well as indirectly. Bank thereby impacting the Bank’s earnings
or returns.
This definition is in accordance to OJK
Regulation No.39/POJK.03/2019 dated 19 In addition, a key facet of Compliance
December 2019. The above definitions are Risk is Anti-Money Laundering, Countering
complementing one another. UOB Indonesia the Financing of Terrorism and Sanctions
manages fraud risks actively. The corporate compliance (AML/CFT/Sanctions), which is
governance of fraud risk is provided by defined by the Bank as:
the Risk Monitoring Committee at Board of • The risk of AML and CFT regulatory
Commissioners level, and primarily by the Risk breaches and violations of international
Management Committee at Management sanctions that will damage the Bank’s
level. Our Integrated Fraud Management (IFM) reputation as an established organisation
Division, as the Second Line, drives strategy with strong and robust AML/CFT and
and governance and oversees the framework Sanctions regime. Additional risks include
and policy of fraud risk management across being cut off from the Bank’s correspondent
the Bank. banking relationship and the US clearing
system due to violations of unilateral
All employees are required to comply with the sanctions regulations impacts the Bank’s
UOB Code of Conduct, which has anti-bribery earnings and business opportunities;
and anti-corruption provisions. The Bank’s customers’ confidence on UOB Indonesia
fraud hotline provides a safe channel to report Banking system where their funds are not
suspected fraud and ensures independent co-mingled with illegal sources of funds
fraud investigation by established and regulators’ confidence on the integrity
investigating unit. IFM works closely with of the AML/CFT/Sanctions controls.
business and support units to strengthen their • In line with OJK Regulation No.
current practices across the 6 (six) pillars of 46/POJK.03/2017 concerning the
Anti-Fraud Strategy which are prevention, Implementation of Compliance Function for
detection, response, resolution, remediation Commercial Banks, the Bank is required to
and reporting. ensure the implementation of compliance
function by creating compliance culture on
all levels of organisation and to ensure that
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all of the Bank’s internal provisions and c. Ensure that the Bank can rely on a
business activities are in compliance with permanent and effective compliance
the applicable laws and regulations. function that is sufficiently resourced to
carry out its role;
Compliance Risk Management Governance d. Ensure that appropriate remedial or
Structure disciplinary action is taken if breaches
Stakeholders involved in managing Compliance are identified; and
Risk are as follows: e. Ensure that the Compliance Charter,
1. Board of Commissioners Compliance Guidance and other
a. Evaluate the implementation of the relevant frameworks/policies and
Bank’s compliance function at least guidelines/handbooks are observed.
twice a year;
b. Based on the evaluation results of 4. Board of Directors’ Committees
compliance function implementation, The Committees are formed to assist
the Board of Commissioners are to the President Director and Board of
provide advice in order to improve Directors in making business decisions
the quality of compliance function while balancing risks and returns. The
implementation to President Director Committees are responsible for reviewing
and copied to Director in charge of and recommending the Bank’s strategic
Compliance Function. direction, approving compliance risk
management policies, overseeing the
2. Board of Directors overall risk profile and monitoring the
a. Responsible for establishing compliance Bank’s overall performance in accordance
risk management framework that with their respective Terms of Reference.
contains the basic principles to
be approved by the Board of 5. Executive Officers
Commissioners and explains the main a. Ensure the implementation of the
processes by which compliance risks are compliance culture in all activities of its
to be identified and managed through respective functions and/or branches
all levels of the organisation; and/or units;
b. Approve the Compliance Charter as b. Ensure that preventive actions and
a basis for the Bank to implement corrective actions are properly
compliance principles; implemented within its respective
c. Foster and embody the implementation functions and/or branches and/or units
of the Compliance Culture at all levels towards potential/occurred breaches
of the organisation and the Bank’s on the applicable regulations and/or
business activities; legislations.
d. Ensure the implementation of Bank’s
compliance function; and 6. Director in charge of Compliance Function
e. Responsible in overseeing the a. Formulates strategies to encourage
management of the Bank’s compliance the creation of the Bank’s compliance
risk. culture;
b. Proposes compliance policies or
3. Senior Executive Officers principles that will be set by the Board
a. Lead a strategic function at of Directors;
management level; c. Establishes compliance systems
b. Foster awareness of major aspects of and procedures that will be used to
Bank’s compliance risks that should be formulate Bank’s internal provisions and
explicitly managed; guidelines;
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d. Ensures that all policies, provisions, d. Conducts reviews and/or provides
systems and procedures, as well as recommendation on updating and
business activities conducted by refinement of policies, regulations,
the Bank are in compliance with the systems and procedures that are
applicable regulatory requirements and owned by the Bank to comply with the
other legislations; applicable regulations and legislations;
e. Identifies, manages, and coordinates e. Conducts efforts to ensure that the
regulatory compliance risks and policies, provisions, systems and
provides oversight and functional procedures, as well as the Bank’s
Compliance leadership to manage/ business activities are in compliance
minimise the Compliance Risk of the with the applicable regulations and
Bank; legislations;
f. Takes precautionary action to ensure f. Fulfils the role of anti-money laundering
that the policies and/or decisions taken function by ensuring the implementation
by the Board of Directors of the Bank of the entire monitoring system of
do not deviate from the applicable transactions conducted by customers
regulations and other legislations; are in line with the guidelines, policies
g. Submits reports to OJK, President and procedures that have been
Director and Board of Directors on the stipulated so that the implementation of
implementation of his/her duties with a Anti-Money Laundering and Countering
copy sent to the Board of Commissioners; the Financing of Terrorism (AML/CFT)
and Programmes are able to run well and
h. Carries out other duties that are related to prevent the Bank from regulatory
to Compliance Function, including to sanctions;
ensure that the Board of Directors and g. Identifies, assesses and documents
Senior Executive Officers are informed compliance risks associated with
of significant compliance issues and business activities of the Bank including
plans for resolution. new products, services, business
practices and business operations and
7. Compliance Function material changes to existing business
The Compliance Function is an independent and customer relationships;
function that has the following specific h. Provides advice and informs
responsibilities: developments related to applicable
a. Creates steps to support the creation regulations and other provisions to
of compliance culture in all business Business and Support Units including
activities of the Bank at every level of the Board of Directors and Senior
organisation; Executive Officers;
b. Conducts identification, measurement, i. Facilitates Business and Support Units
monitoring, and control of Compliance in the development of compliance
Risk with reference to the Regulator’s manuals and guidelines containing the
provision concerning the implementation applicable regulations, other provisions
of Risk Management for Commercial and key business conduct for use by all
Banks; officers and staffs of the Bank, where
c. Assesses and evaluates strictly, in applicable;
collaboration with the Business and j. Identifies and maintains an inventory
Support Units, the effectiveness, of all applicable regulations and
adequacy, and appropriateness of legislations with the support of internal/
policies, provisions, systems and external legal counsel when necessary;
procedures that are owned by the Bank k. Assists the Board of Directors and Senior
with the applicable regulations; Executive Officers in educating relevant
staff members on compliance issues;
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l. Provides advice, guidance and on- 9. Internal Audit Function
going training to staff members on a. Internal Audit Function as the third
appropriate implementation of the line is empowered by the Board of
Bank’s compliance framework which Commissioners and President Director
include policies, guidelines and to assist Management in carrying out
procedures such as those contained their legal and executive obligations
in the Bank’s Compliance Guidance, by providing independent, objective
internal Code of Conduct and the Bank’s assurance, and consulting services
internal guidelines; designed to add value and improve
m. Advises the Business and Support Units the Bank’s operations. Internal Audit
in the Bank and/or Board of Directors and helps the Bank accomplish its objectives
Senior Executive Officers on Regulatory by bringing a disciplined, innovative,
Obligations (“RO”) that are listed in the and systematic approach to evaluate
Bank’s regulatory risk assessments. This the adequacy and improve the
includes the provision of advice on the effectiveness of governance processes,
implications of regulatory changes; risk management, and internal controls.
n. Monitors, tests and reports compliance b. Internal Audit Function performs
with relevant regulatory compliance risk audits and provides the audit reports
management framework and internal to President Director, Board of
policies/procedures to Senior Executive Commissioners, Audit Committee and
Officers and Board of Commissioners/ related Management with a copy
Board of Directors and, if required, to to Director in charge of Compliance
any regulatory authority. However, the Function and Risk Management Director.
responsibility for ensuring day-to-day All correspondences with Regulator
compliance remains with Business and have also been forwarded to Director in
Support Units; charge of Compliance Function.
o. Makes enquiries into regulatory
compliance incidents and complaints, 10. Legal Function
and carrying out further investigations Responsible to provide and facilitate the
as appropriate; provision of legal advice by referring to
p. Acts as the key liaison person with the applicable laws and regulations. Legal
relevant internal and external parties, Function is also responsible to provide
including Regulators, regarding Bank’s legal policies, procedures, guidelines and
compliance issues; and standards credit documents related to
q. Fulfils its responsibilities under the product or activities of the Bank.
compliance plans developed in
accordance with its compliance risk 11. Line Managers and Staff Members
management framework including a. Line Managers and Staff Members are
performing compliance review on a risk- ultimately responsible and accountable
based approach. for compliance risk, including ensuring
that all business activities are in
8. Risk Management Function compliance with applicable regulations
Risk Management, as stipulated in Risk and legislations and the Bank’s policies;
Management Framework, identifies,
assesses, measures, monitors, controls
and reports the risks of the Bank and is
responsible or developing and
implementing the risk management
frameworks/infrastructure, strategy,
policies and processes to manage these
risks.
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b. Line Managers and Staff Members commitments and completion of corrective
are required to understand this action plans arising from Regulatory Audit
provisions and are responsible to inspections and Bank’s Internal Audit reviews,
ensure compliance with regulations and managing the imposition of penalty/fines from
legislations, which include: regulatory breaches, performing Compliance
• Organising and managing their Review and others.
business and support units in
proper and professional manner Moreover, in the aspect of compliance
in compliance with all applicable culture implementation, Compliance Function
laws and regulations, as well as the has stipulated and educated through the
Bank’s policies; Compliance Code of Conduct as a basic
• Implementing compliance principles reference for all employees in implementing
in their respective businesses and values, actions, behaviours and actualisations
operational areas; and of compliance principles.
• Promptly report all incidents of
non-compliance, whether actual Compliance Function and Operational Risk
and potential, to the Compliance Management also perform monitoring and
Function. reporting of operational events related
to Compliance Risk and Operational Risk
Compliance Risk Management Framework respectively.
In order to strengthen internal control
system framework of the Bank, especially for Compliance Risk Management Policies and
Compliance Function as the second line, the Guidelines
Bank established an organisational structure One of the strategies for Compliance
under Compliance Function, into 5 (five) units Risk Management is the establishment of
Compliance Assurance, Compliance Advisory Compliance Charter and Compliance Guidance
and Monitoring, Consumer Compliance, as 2 (two) main policies and procedures in
Compliance Strategy & Governance, and AML/ managing Compliance Risk. Both policies set
CFT and Sanctions. Strategies to implement out:
the Bank’s compliance function are through 1. Compliance Framework
aspects of compliance function governance, 2. Compliance Code of Conduct
compliance risk management, as well as the 3. Compliance Review Procedure
implementation of compliance culture. 4. Regulatory Risk Assessment (RRA)
5. Monitoring of Bank’s commitment and
The Bank’s compliance function framework on follow-up on request from related Regulator
the compliance risk governance aspects are procedure
reflected in the Compliance organisational 6. Escalation and Reporting of Compliance
structure which is independent from the Risk Incident Procedure
business and other supporting units, where
the Director in charge of Compliance Function Compliance Charter and Compliance
reports directly to the President Director. Guidance are reviewed annually to ensure
This enables the Compliance Function to be an adequate and timely compliance function
managed independently. implementation in all level of the organisation,
and thus facilitate the Bank to better harmonise
In the aspect of Compliance Risk Management, between commercial interest and compliance
Compliance Function plays a role in providing towards applicable regulations. For such policy
views/directions towards the fulfilment and/or and procedure to be implemented effectively,
implementation of laws, policies, regulations, the most fundamental aspect that must be in
standards or codes of conduct, monitoring place is compliance culture, which drives the
compliance towards the fulfilment of the Bank’s value, behaviour and action that supports the
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Bank’s compliance towards the applicable strategy into operational plans, monitoring
laws and regulations. the execution of operational plans,
evaluating the progress from predetermined
B.6 Strategic Risk Balance Score Card, as well as highlighting
Strategic Risk is defined as risk due to improper areas that requires attention from the
setting and/or implementation of a strategic Management.
decision that has impact on Bank’s profitability,
and failure to anticipate any changes in Strategic Risk Management Framework
business environment, such as changes in UOB Indonesia adheres to prudent principles
banking industry, turmoil in the national in all its business decisions so as to minimise
economy, and disruption in technological field. and mitigate any risks involved. In managing
Strategic Risk, the Bank constantly monitors
Strategic Risk Management Governance the environment in which it operates, analyses
Structure the Bank’s performance in relation to its
Related parties involved in managing Strategic competitors, including analysis on all available
Risk are as follows: strategic alternatives after considering the
1. The Board of Commissioners and the strategic plans and risk tolerance of the Bank,
Board of Directors formulate and approve observing economic dynamics that could
strategic plans and business plans that have an impact on the banking industry, as
have been adjusted with the Bank’s vision well as changes in the business landscape
and strategic objectives, direct, monitor and driven by technological developments, and
evaluate the implementation of the Bank’s takes corrective actions to adjust its strategies
strategic policies, including communicating and plans as appropriate. Implementation
it to all employees across all levels of the of strategic decisions and anticipation of
organisation; changes in the business environment is carried
2. The Risk Management Committee supports out through a strategic risk management
the Board of Directors in monitoring the cycle with the main elements in the form
Strategic Risk management implementation of the application of vision and mission;
in the Bank, as well as providing information setting objectives and strategic plans;
related to material risk exposures, issues target and business plan setting; as well as
and action plans; implementation, monitoring and evaluation of
3. Business and support functions monitor and performance.
manage Strategic Risk in their respective
areas, and are responsible to ensure all The Bank sets a strategic plan based on a proper
material risks that arise from the business and realistic manner, as well as considering
activities and implementation of strategy the prudential principles and risk management
are reported in timely manner to the related implementation. The Bank’s strategic plans
Directors or Senior Executive Officers. are prepared by the Board of Directors, and
Each work function is also responsible for upon approval of the Board of Commissioners,
ensuring that the target of its respective communicated to all employees of the Bank on
work function can be achieved well and in each level of the organisation. Each Function
line with the Bank’s overall target; Head is responsible to ensure the alignment
4. Risk Management Function, together with of the annual work plans in their respective
Finance Division, conducts evaluation on functions, with the work plan established by
the realisation of Bank’s Business Plan to the Board of Directors.
support the adequacy of the strategic risk
management information system; and On an ongoing basis, UOB Indonesia performs
5. CEO Office Function supports the periodic reviews on the achievement of
management of strategic risk and is financial targets and strategy realisation. The
responsible in translating the Bank’s reviews and evaluation coverage is adjusted
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based on the development of the Bank’s risk B.7 Legal Risk
exposure, market changes, risk measurement Legal Risk are risks to the Bank’s financial
and management methods. The Board of position, operations or reputation, arising out
Commissioners and Board of Directors also of:
conduct periodical review towards the Bank’s 1. existence of lawsuits involving the Bank;
achievement on financial targets and its 2. absence of supporting or developments in
realisation through various forum and meeting laws and regulations;
coordinations, such as Board of Directors 3. weak contracts such as unenforceable/
meeting. All functions are also responsible unfavourable/defective/unintended
for monitoring their respective Strategic contracts; or
Risks and reporting promptly to the related 4. non-compliance with applicable laws.
Directors and/or Senior Executive Officers on
any potential issues or problems that have Legal Risk Management Governance
strategic implications on the Bank. All results of Structure
the review and related reports serve as input in The parties involved in managing Legal Risk
order to improve the overall risk management are:
framework and process. 1. Board of Commissioners and Board of
Directors (through Risk Management
Strategic Risk Management Policies Committee and Risk Monitoring Committee)
An effective implementation of Strategic Risk are responsible for supervising and
Management is supported with adequate managing Legal Risk arising from the
policies and procedures, as well as risk limits Bank’s business activities;
which are aligned with the Bank’s vision, mission 2. Risk Management Committee supports
and business strategy. The development of the Board of Directors in monitoring
these policies and procedures is tailored risk management in the Bank, providing
with the type, complexity of business activity, information on material risk related to
risk profile and risk limit in accordance with exposure, issues and action plans;
regulations stipulated by Regulators and/or 3. Business and Support functions are
sound banking practices. The implementation responsible for monitoring and managing
of these policies and procedures is also Legal Risk and its impact in their respective
supported with the adequacy of capital and areas; and
quality of human resources. 4. Specialist area, such as Compliance, Legal
Function, Human Resources, Technology
With regards to the implementation of and Operations, Corporate Real Estate
strategic risk management, internal control Service, and Corporate Secretary are
system is applied effectively towards the responsible for providing guidance related
implementation of business activities and to their respective areas of expertise.
operations across all levels of the organisation
by referring to the established policies and Legal Risk Management Framework
procedures. The internal control system is also Risk measurement for Legal Risk is conducted
carried out to ensure that the Bank can timely by using indicators such as potential losses due
detect weaknesses and irregularities that to litigation, cancellation of contracts due to
occur in the process of implementing strategic unenforceability and changes of regulations.
management. Every Legal Risk incident and its potential loss
numbers must be documented and reported.
The Legal Function provides legal advice
and guidance to all units of the Bank, as and
when needed. This includes the oversight and
periodic review of:
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Risk Management
1. all standard contracts/agreements; 4. Business and support functions are
2. all standard loan agreements between the responsible for monitoring and managing
Bank and other parties. the various types of risks that are deemed
to potentially impact on the reputational
The Legal Function is also responsible for risk;
highlighting new or emerging Legal Risks. 5. Risk Management Function is responsible
for developing and maintaining Risk
Legal Risk Management Policies Management policies and procedures,
The Bank has a Policy on Managing Legal Risk including training and advising the business
which governs the Legal Risk Management and support functions in managing their
Governance Structure and sets out the risks, including reputational risk; and
duties and responsibilities of each party in 6. Various functions responsible in advising
implementing Legal Risk Management. are Strategic Communications and Brand,
Customer Experience and Advocacy,
Legal Function has established various Compliance, Legal, Human Resources,
guidelines related to Legal Risk Management, Technology and Operations and Corporate
such as Guidelines on Managing Intellectual Secretary.
Property Risk, Guidelines on Engagement of
External Lawyers, and Guidelines on Managing Reputational Risk Management Framework
Contractual Risk. Risk identification and measurement for
Reputational Risk is conducted using
B.8 Reputational Risk information from various sources such as
Reputational Risk is the risk of adverse impact the mass media, social media, customer
on the Bank’s income, liquidity or capital complaints (e.g. through contact centre) and
arising from negative stakeholders’ perception customer satisfaction survey.
or opinion of the Bank’s business practices,
activities and financial condition. Risk monitoring for Reputational Risk is
conducted on a regular basis in accordance
Reputational Risk Management Governance with the Bank’s policies, procedures and
Structure guidelines, as well as the Bank’s past
Related parties involved in managing experiences.
Reputational Risk are as follows:
1. Board of Commissioners and Board of Risk controlling for Reputational Risk is
Directors are responsible for managing the conducted through:
Bank’s Reputational Risk; 1. Prevention of events that can lead to
2. Risk Management Committee assists the Reputational Risk impacts, are among
Board of Directors in the oversight of the other through media training, daily media
management of Reputational Risk in the coverage and social media monitoring,
Bank, keeping them apprised of the material periodic communications to various
risk exposures, issues and resolution plans; stakeholders to create a positive reputation,
3. Reputational Risk Management panel is and corporate social responsibility
a sub-committee of the Risk Management programmes; and
Committee which is responsible to confirm 2. Restoration of the Bank’s reputation after a
the impact of high reputational risk events, Reputational Risk event and the measures
determine the appropriate action plan, in place to minimise any negative impact to
appoint relevant task force and approve the reputation of the Bank.
the closure of the case;
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Risk Management
Any incidents related to Reputational Risk, The self-assessment result of RBBR 2nd Half of
including the amount of potential losses 2023 was as follows:
resulting from those incidents shall be noted
No Assessment Factor Rating
and tracked for closure.
1 Risk Profile 2
Where the Reputational Risk event affects the 2 Good Corporate 2
Bank’s ability to continue its business activities Governance (GCG)
and/or to obtain funding, the Bank will activate 3 Earnings 2
the Crisis Management Plan (CMP), Business 4 Capital 2
Continuity Plan (BCP), Disaster Recovery Plan
RBBR Rating 2
(DRP) and/or Contingency Funding Plan (as
relevant).
Based on the self-assessment, UOB Indonesia
assessed its soundness rating in the 2nd Half
Reputational Risk Management Policies
of 2023 at “2” or in a good condition, which
The Bank establishes a Reputational Risk
means the Bank is able to encounter significant
Management Policy that governs the
negative effects and changes in business
Reputational Risk Management Governance
conditions and other external factors reflected
Structure, methodology and toolkits for
in assessment factors rating, namely Risk Profile,
managing Reputational Risk, including
GCG Implementation, Earnings and Capital. The
its communication process, escalation
weaknesses identified in the assessment factors
process, establishment of Reputational Risk
do not significantly affect the soundness rating of
Management Panel, Reputational Risk issue
the Bank.
owner and others.
C. Recovery Plan (RCP) E. Risk Management System
Bank has established a Recovery Plan (RCP) to
Implementation
Risk management systems aim to conduct analysis
enable UOB Indonesia to recover from severely
of current or future risks and/or potential risks faced
adverse conditions that could cause failure.
by the Bank and to determine mitigation measures
The recovery plan covers recovery options when
for these risks. They enforce risk ownership and
the Bank is facing solvability issues (i.e. Capital,
support robust internal control. These systems
Liquidity, Earnings, and Asset Quality). This includes
are regularly evaluated in order to measure its
the determination of signals and trigger levels
effectiveness level. Through this evaluation, the
for each signal for the purposes of prevention,
Bank is expected to be able to reanalyse whether
recovery, and resolution.
these strategies are in line with the established
target. The Bank continually enhances its Risk
D. Risk Based Bank Rating (RBBR) Management systems to support robust internal
On a regular basis, UOB Indonesia conducts
control. Among others the Bank progressively
assessment on the Risk Based Bank Rating
improves its system for operational risk and market
according to OJK Regulation No. 4/POJK.03/2016
risk management.
and OJK Circular Letter No. 14/SEOJK.03/2017
regarding the Assessment of Bank’s Soundness
Statement of the Board of Directors and/
Rating for Commercial Banks. The assessment of
or Board of Commisionners regarding
RBBR is conducted towards 4 (four) factors namely
Adequacy of Risk Management System
Risk Profile, Good Corporate Governance (GCG),
The Board of Directors and/or Board of
Earnings, and Capital.
Commisionners declared that Bank’s risk
management system is adequate and has been
effectively implemented in all material aspects for
financial year end of 31 December 2023 and also
adequate and effective to achieve Bank’s business
objective in complying with relevant regulation. The
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Board of Directors and/or Board of Commisionners
also confirmed that there is sustainable process in
identifying, analysing, evaluating, monitoring and
managing the significant risks faced by the Bank,
and all risks are maintained within risk appetite
limit in the review throughout the year. Bank has
implemented Risk Management Framework and
Policy adequately and effectively and reviewed
every policy and procedure in regular basis. In
addition, the Board of Directors and/or Board of
Commissioners reiterated their responsibility and
commitment to continue maintaining and reviewing
the adequacy, effectiveness and integrity of the
Bank’s risk management system.
F. Basel Implementation
In line with the implementation of regulatory
provision, the Bank adopts Standardised Approach
(SA) for Credit Risk, Market Risk, and Operational
Risk. Furthermore, UOB Indonesia has also
adopted a Credit Valuation Adjustment (CVA) as
Market Risk capital charge for counterparty credit
risk (CCR) for OTC (Over-the-Counter) Derivatives
transaction.
The Bank has reported a Liquidity Coverage Ratio
(LCR) in accordance to OJK Regulation No. 42/
POJK.03/2015 on a monthly basis starting June
2016 to Regulator, and published in the Bank’s
website on a quarterly basis starting September
2016. Report and publication of Net Stable Funding
Ratio (NSFR) in accordance to OJK Regulation No.
50/POJK.03/2017 has been conducted quarterly
starting March 2018.
UOB Indonesia also continues to improve the
implementation of Basel II Pillar 2 “Internal Capital
Adequacy Assessment Process” (ICAAP) to assess
the overall capital adequacy associated with risk
profile and strategy, to maintain the level of the
Bank’s capital. Further, Bank has also measured
Interest Rate Risk in Banking Book (IRRBB), referring
to OJK Regulation No. 12/SEOJK.03/2018.
Ongoing basis, the Bank improves the
implementation of Pillar 3 “Market Discipline” to
ensure the transparency of the Bank’s financial
and non-financial information.
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Risk Exposure Table
1. Key Metrics
(in IDR million)
No. Description 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023 31 Dec 2022
Available capital (amounts)
1 Common Equity Tier 1 (CET 1) 15,639,914 15,223,871 15,333,362 14,916,466 14,542,529
2 Tier 1 15,639,914 15,223,871 15,333,362 14,916,466 14,542,529
3 Total capital 17,117,971 16,738,414 16,890,106 16,586,181 16,347,435
Risk-Weighted Assets (amounts)
4 Total Risk-Weighted Assets 93,462,608 90,485,891 87,868,205 89,858,077 98,628,720
(RWA)
Risk-based capital ratios as a percentage of RWA
5 CET1 ratio (%) 16.73% 16.82% 17.45% 16.60% 14.74%
6 Tier 1 ratio (%) 16.73% 16.82% 17.45% 16.60% 14.74%
7 Total capital ratio (%) 18.32% 18.50% 19.22% 18.46% 16.57%
Additional CET1 buffer requirements as a percentage of RWA
8 Capital conservation buffer 2.50% 2.50% 2.50% 2.50% 2.50%
(2.5% from RWA) (%)
9 Countercyclical Buffer (0 - 2.5% 0.00% 0.00% 0.00% 0.00% 0.00%
from RWA) (%)
10 Capital Surcharge for Systemic 0.00% 0.00% 0.00% 0.00% 0.00%
Bank (1% - 2.5%) (%)
11 Total CET1 as a buffer (Row 8 + 0.00% 0.00% 0.00% 0.00% 0.00%
Row 9 + Row 10)
12 CET1 component for buffer 9.32% 9.50% 10.22% 9.46% 7.57%
Basel III Leverage Ratio
13 Total Exposure 177,960,580 170,392,271 158,935,547 164,723,994 151,467,302
14 Leverage Ratio, including the 8.77% 8.93% 9.65% 9.06% 9.61%
impact of temporary exemption
on current account placement
with Bank Indonesia in order to
fulfill GWM requirements (if any)
14b Leverage Ratio, excluding the 8.77% 8.93% 9.65% 9.06% 9.61%
impact of temporary exemption
on current account placement
with Bank Indonesia in order to
fulfill GWM requirements (if any)
14c Leverage Ratio, including the 7.54% 7.71% 8.37% 8.18% 8.85%
impact of temporary exemption
on current account placement
with Bank Indonesia in order to
fulfill GWM requirements (if any),
after incorporating average
gross values of Securities
Financing Transaction (SFT)
assets
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Risk Exposure Table
(in IDR million)
No. Description 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023 31 Dec 2022
14d Leverage Ratio, excluding the 7.54% 7.71% 8.37% 8.18% 8.85%
impact of temporary exemption
on current account placement
with Bank Indonesia in order to
fulfill GWM requirements (if any),
after incorporating average
gross values of SFT assets
Liquidity Coverage Ratio (LCR)
15 Total High-Quality Liquid Assets 56,644,277 57,418,529 58,818,074 54,502,821 46,228,209
(HQLA)
16 Total Net Cash Outflow 20,065,312 18,985,679 19,763,835 18,355,982 14,606,119
17 LCR (%) 282.30% 302.43% 297.60% 296.92% 316.50%
Net Stable Funding Ratio (NSFR)
18 Total Available Stable Funding 89,581,268 78,578,117 77,208,414 79,831,720 76,923,293
(ASF)
19 Total Required Stable Funding 68,098,529 60,984,474 60,565,261 62,065,159 58,556,515
(RSF)
20 NSFR (%) 131.55% 128.85% 127.48% 128.63% 131.37%
2. The difference between the Consolidated Coverage in accordance with
accounting standards and the prudential requirements (LI1)
Carrying values of each risk
Carrying Carrying
values as values Not subject
reported in under scope Subject to Subject to Subject to to capital
Subject to
published of regulatory counterparty the secu- the market requirements
credit risk
financial consolida- credit risk ritisation risk frame- or subject to
framework
statements tion framework framework work deduction
from capital
a b c d e f g
ASSETS
Cash 603,540 N/A 603,540
Placement with Bank Indo-
nesia 11,746,774 N/A 11,746,774
Placement with other banks 1,379,072 N/A 1,379,072
Spot and derivative/forward
receivables 844,856 N/A 3,792,150 844,856
Securities 21,979,351 N/A 19,221,114 2,786,121
Securities sold under repur-
13,725,753 N/A 13,725,753 448,816
chase agreement (repo)
Securities purchased under
resell agreements (reserve 22,678,253 N/A 22,678,253 1,582,077
repo)
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Chapter .05
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Risk Exposure Table
Carrying values of each risk
Carrying Carrying
values as values Not subject
reported in under scope Subject to Subject to Subject to to capital
Subject to
published of regulatory counterparty the secu- the market requirements
credit risk
financial consolida- credit risk ritisation risk frame- or subject to
framework
statements tion framework framework work deduction
from capital
a b c d e f g
Acceptance receivables 2,508,114 N/A 2,508,114
Loans and financing 84,022,605 N/A 84,022,605
Sharia financing - N/A
Equity investment 26 N/A 26
Other financial assets 1,000,309 N/A 969,880
Impairment on financial
assets -/- (4,136,793) N/A (3,574,489)
a. Securi-
ties (13,848) N/A (1,046)
b. Loans (4,110,763) N/A (3,564,093)
c. Others (12,182) N/A (9,350)
Intangible assets 1,133,973 N/A 1,133,973
Accumulated amortization on
intangible asset -/- (3,667) N/A (3,667)
Fixed assets and equipment 4,887,324 N/A 4,887,324
Accumulated depreciation on
fixed assets and equipment
-/- (2,202,552) N/A (2,202,552)
Non Productive Asset 189,068 N/A 189,068
a. Aban-
doned
property 28,689 N/A 28,689
b. Fore-
closed
assets 157,602 N/A 157,602
c. Sus-
pense
accounts 2,777 N/A 2,777
d. Inter-
branch
assets - N/A
Other Assets 2,190,300 N/A 671,047
TOTAL ASSETS 162,546,306 N/A 134,147,276 26,919,219 - 5,213,054 1,130,306
LIABILITIES
Current accounts 23,701,502 N/A
Saving accounts 37,486,376 N/A
Time Deposit 58,094,663 N/A
Electronic Money - N/A
Liabilities to Bank Indonesia - N/A
Liabilities to other banks 2,488,564 N/A
Spot and derivative/forward
liabilities 1,226,175 N/A
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Risk Exposure Table
Carrying values of each risk
Carrying Carrying
values as values Not subject
reported in under scope Subject to Subject to Subject to to capital
Subject to
published of regulatory counterparty the secu- the market requirements
credit risk
financial consolida- credit risk ritisation risk frame- or subject to
framework
statements tion framework framework work deduction
from capital
a b c d e f g
Liabilities on securities sold
under repurchase agreement 13,295,961 N/A
(repo)
Acceptance liabilities 2,412,181 N/A
Securities issued 1,443,423 N/A
Borrowings - N/A
Margin Deposit 175,268 N/A
Interbranch liabilities - N/A
Other liabilities 4,620,764 N/A
Minority Interest - N/A
TOTAL LIA-
BILITIES 144,944,877 N/A
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Chapter .05
Good Corporate Governance
Risk Exposure Table
3. General - Differences between carrying value in accordance with
Indonesian Financial Accounting Standards with exposure value in
accordance with Financial Services Authority (LI2)
a b c d e
Item subject to:
Total Counterparty
Credit risk Securitization Market risk
credit risk
framework framework framework
framework
Asset carrying value amount under 166,279,549 134,147,276 - 26,919,219 5,213,054
scope of regulatory
consolidation (as per template LI1)
Liabilities carrying value amount under - - - - -
regulatory scope of consolidation (as
per template LI1)
Total net amount under regulatory 166,279,549 134,147,276 - 26,919,219 5,213,054
scope of consolidation
Administrative Account Value 93,452,988 13,750,394 - - -
Differences in valuations
Differences due to different netting
rules, other than those
already included in row 2
Exposure amounts considered for 259,732,537 147,897,670 - 26,919,219 5,213,054
regulatory purposes
Quantitative Analysis
There is a difference between the total carrying amount of assets and the carrying amount of each risk arising from spot and derivative/
forward receivables and securities purchased under resell agreements (reverse repo). The differences are explained as follows:
1. Spot and derivative/forward receivables
Referring to OJK regulations, financial assets in the form of spot and derivative/forward receivables are subject to more than one risk,
namely in the counterparty credit risk framework and market risk framework.
- In the counterparty credit risk framework, the calculation of Derivative Transactions using the Standardized Approach has differences
in the criteria for calculation criteria with the accounting carrying value because the calculation uses the sum of Replacement Cost and
Potential Future Exposure multiplied by 1.4 in accordance with the provisions of SEOJK Number 48/SEOJK.03/2017.
- In the market risk framework, the calculation refers to SEOJK Number 38/SEOJK/2016 regarding the Guidelines for the Use of Standard
Methods in the Calculation of Minimum Capital Adequacy of Commercial Banks by Taking into Account Market Risk.
2. Securities purchased under resell agreements (reverse repo)
Referring to OJK regulations, financial assets in the form of reverse repo are subject to more than one type of risk, namely counterparty
credit risk and market risk framework.
- In the market risk framework, the calculation of Reverse Repo Transactions refers to the provisions of SEOJK Number 38/SEOJK/2016
Market risk framework regarding Reverse Repo transactions in the Trading Book, that if the securities that are collateral for reverse repo
transactions are traded, the Bank must book the transaction as a short position in the Trading Book so that it is exposed to Market Risk.
- In the counterparty credit risk framework, the reverse repo calculation refers to SEOJK Number 11/SEOJK.03/2018 regarding Guidelines
for Calculation of Risk Weighted Assets for Credit Risk using the Standardized Approach.
3. Securities sold under repurchase agreements (Repo)
Referring to OJK regulations, financial assets in the form of repos are subject to more than one type of risk, namely counterparty credit risk
and market risk framework.
- In the credit risk framework, the calculation refers to SEOJK Number 11/SEOJK.03/2018 concerning Guidelines for Calculating Risk
Weighted Assets for Credit Risk using the Standardized Approach.
- In the market risk framework, the calculation refers to SEOJK No. 38/SEOJK/2016 regarding Guidelines for the Use of Standard Methods
in Calculation of Minimum Capital Adequacy of Commercial Banks by Taking into Account Market Risk.
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Capital
4. Capital - Capital Composition (CC1)
(in IDR million)
NO COMPONENT TOTAL
Common Equity Tier 1 capital : instrument and reserves
1 Directly issued qualifying common share (and equivalent for non-joint stock companies) capital plus 7,990,848
related stock surplus
2 Retained Earnings 9,568,243
3 Accumulated other comprehensive income (and other reserve) 52,807
4 Directly issued capital subject to phase out from CET1 (only applicable to non-joint stock companies) -
5 Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1) -
6 Common Equity Tier 1 capital before regulatory adjustments 17,611,898
Common Equity Tier 1 capital : regulatory adjustments
7 Prudential valuation adjustments -
8 Goodwill (net of related tax liability) (913,973)
9 Other intangibles other than mortgage servicing rights (net of related tax liability) (216,333)
10 Deffered tax assets that rely on future profitability excluding those arising from temporary differences -
(net of releted tax liability)
11 Cash-flow hedge reserve -
12 Shortfall of provisions to expected losses -
13 Securitisation gain on sale (as set out in paragraph 562 of Basel II framework) -
14 Gains and losses due to changes in own credit risk on fair valued liabilities -
15 Defined - benefit pension fund net assets -
16 Investment in own shares (if not already netted off paid-in capital on reported balance sheet) -
17 Reciprocal cross-holdings in common equity -
18 Investments in the capital of Banking, financial and insurance entities that are outside the scope of -
regulatory consolidation, net of eligible short positions, where the Bank does not own more than 10%
of the issued share capital (amount above 10% threshold)
19 Signficant investments in the common stock of Banking, financial and insurance entities that are -
outside the scope of regulatory consolidation, net of eligible short positions (amount above 10%
treshold)
20 Mortgage servicing rights (amount above 10% treshold) -
21 Deffered tax assets arising from temporary differences (amount above 10% treshold, net of related tax -
liability)
22 Amount exceeding the 15% treshold -
23 of which: significant investments in the common stock of financials -
24 of which: mortgage servicing rights -
25 of which : deffered tax assets arising from temporary differences -
26 National specific regulatory adjustments (841,678)
27 Regulatory adjustments applied to Common Equity Tier 1 due to insufficient additional Tier 1 and Tier 2 -
to cover deductions
28 Total regulatory adjustment to common equity Tier 1 (1,971,984)
29 Common Equity Tier 1 capital (CET1) 15,639,914
Additional Tier 1 capital : instruments
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Capital
(in IDR million)
NO COMPONENT TOTAL
30 Directly issued qualifying Additional Tier 1 instruments plus related stock surplus -
31 of which : classified as equity under applicable accounting standards -
32 of which : classified as liabilities under applicable accounting standards -
33 Directly issued capital instruments subject to phase out from Additional Tier 1 -
34 Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by subsidiaries and -
held by third parties (amount allowed in group AT1)
35 of which : instruments issued by subsidiaries subject to phase out -
36 Additional Tier 1 capital before regulatory adjusments -
Additional Tier 1 capital : regulatory adjustments
37 Investments in own Additional Tier 1 instruments -
38 Reciprocal cross-holdings in Additional Tier 1 instruments -
39 Investments in the capital of Banking, financial and insurance entities that are outside the scope of -
regulatory consolidation, net of eligible short positions, where the bank does not own more than 10%
of the issued common share capital of the entity (amount above 10% treshold)
40 Significant investments in the capital of Banking, financial and insurance entities that are outside the -
scope of regulatory consolidation (net of eligible short positions)
41 National specific regulatory adjustments -
42 Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover deductions -
43 Total regulatory adjustment to Additional Tier 1 capital -
44 Additional Tier 1 capital (AT 1) -
45 Tier 1 capital (T1 = CET 1 + AT 1) 15,639,914
Tier 2 capital : instruments and provisions
46 Directly issued qualifying Tier 2 instruments plus related stock surplus 608,227
47 Directly issued capital instruments subject to phase out from Tier 2 -
48 Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by subsidiaries -
and held by third parties (amount allowed in group Tier 2)
49 of which : instruments issued by subsidiaries subject to phase out -
50 Provisions 869,830
51 Tier 2 capital before regulatory adjustments 1,478,057
Tier 2 capital : regulatory adjustments
52 Investments in own Tier 2 instruments -
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC Liabilities -
54 Investment in the other TLAC liabilities of Banking, financial and insurance entities that are outside -
the scope of regulatory consolidation and where the bank does not own more than 10% of the issued
common share capital of the entity, amount previously designated for the 5% treshold but that no
longer meets the conditions (for G-SIBs only)
55 Significant investments in the capital and other TLAC Liabilities of Banking, financial and insurance -
entities that are outside the scope of regulatory consolidation (net of eligible short positions)
56 National specific regulatory adjustments -
57 Total regulatory adjustments to Tier 2 capital -
58 Tier 2 capital (T2) 1,478,057
59 Total capital (TC = T1 + T2) 17,117,971
60 Total risk weighted assets 93,462,608
Capital ratios and buffers
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Capital
(in IDR million)
NO COMPONENT TOTAL
61 Common Equity Tier 1 (as percentage of risk weighted assets) 16.73%
62 Tier 1 (as a percentage of risk weighted assets) 16.73%
63 Total capital (as a percentage of risk weighted assets) 18.32%
64 Institution specific buffer requirement (minimum CET1 requirement plus capital conservation buffer 2.50%
plus countercyclical buffer requirement plus G-SIB buffer requirement, expressed as a percentage of
risk weighted assets)
65 of which : capital conservation buffer requirement 2.50%
66 of which : Bank specific countercyclical buffer requirement 0.00%
67 of which : G-SIB buffer requirement 0.00%
68 Common Equity Tier 1 available to meet buffers (as a percentage of risk weighted assets) 9.32%
National minima (if different from Basel 3)
69 National Common Equity Tier 1 minimum ratio (if different from Basel 3 minimum) -
70 National Tier 1 minimum ratio (if different from Basel 3 minimum) -
71 National total capital minimum ratio (if different from Basel 3 minimum) -
Amounts below the thereshold for deductions (before risk weighting)
72 Non-significant investments in the capital and other TLAC Liabilities of other financial entities -
73 Significant investments in the common stock of financials -
74 Mortgage servicing rights (net of related tax liability) -
75 Defered tax assets arising from temporary differences (net of related tax liability) -
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusions in Tier 2 in respect of exposures subject to standardised approach -
(prior to application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach -
78 Provision eligible for inclusion in Tier 2 in respect of exposures subject to internal rating-based -
approach (prior to application of cap)
79 Cap for inclusions of provisions in Tier 2 under internal ratings-based approach -
Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 and 1 Jan 2022)
80 Current cap on CET1 instruments subject to phase out arrangements -
81 Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities) -
82 Current cap on AT1 instruments subject to phase out arrangements -
83 Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) -
84 Current cap on T2 instruments subject to phase out arrangements -
85 Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) -
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Capital
5. Capital - Capital Reconciliation (CC2)
(in IDR million)
No. ITEMS 31 December 2023
ASSETS
1 Cash 603,540
2 Placement with Bank Indonesia 11,746,774
3 Placement with Other Banks 1,379,072
4 Spot and derivatives / forward receivable 844,856
5 Securities 21,979,351
6 Securities sold under repurchase agreement (repo) 13,725,753
7 Securities purchased under resell agreements (reverse repo) 22,678,253
8 Acceptance receivable 2,508,114
9 Loans 84,022,605
10 Sharia Financing -
11 Equity investment 26
12 Other Financial Assets 1,000,309
13 Impairment on finacial assets -/-
a. Securities (13,848)
b. Loans (4,110,763)
c. Others (12,182)
14 Intangible assets 1,133,973
Accumulated amortisation on intangible assets -/- (3,667)
15 Fixed assets and equipment 4,887,324
Accumulated depreciation on fixed assets and equipment -/- (2,202,552)
16 Non Productive Asset
a. Abandoned property 28,689
b. Foreclosed assets 157,602
c. Suspense accounts 2,777
d. Interbranch assets -
17 Other assets 2,190,300
TOTAL ASSETS 162,546,306
LIABILITIES AND EQUITY
LIABILITIES
1 Current account 23,701,502
2 Saving account 37,486,376
3 Time deposit 58,094,663
4 Electronic money -
5 Liabilities to Bank Indonesia -
6 Liabilities to other banks 2,488,564
7 Spot and derivatives/forward payable 1,226,175
8 Liabilities on securities sold under repurchase agreement (repo) 13,295,961
9 Acceptance payable 2,412,181
10 Securities issued 1,443,423
11 Borrowings -
12 Margin deposit 175,268
244 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Capital
(in IDR million)
No. ITEMS 31 December 2023
13 Interbranch liabilities -
14 Other liabilities 4,620,764
15 Minority interest -
TOTAL LIABILITIES 144,944,877
EQUITIES
16 Paid in capital
a. Authorized capital 9,000,000
b. Unpaid capital -/- (5,943,102)
c. Treasury stock -/- -
17 Additional paid in capital -
a. Share premium 4,933,950
b. Share discount -/- -
c. Fund for paid up capital -
d. Others 4,576
18 Other comprehensive income
a. Gain -
b. Losess -/- (107,463)
19 Reserves
a. General reserves 145,225
b. Appropriated reserves -
20 Gain /loss
a. Previous years 8,893,280
b. Current year 674,963
c. Paid dividens -
TOTAL EQUITY ATTRIBUTABLE TO OWNERS 17,601,429
TOTAL LIABILITIES AND EQUITY 162,546,306
Annual Report 2023 | PT Bank UOB Indonesia 245
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Chapter .05
Good Corporate Governance
Capital
6. Capital - Main Features of Capital Instruments and TLAC - Eligible (CCA)
Instruments
No. QUANTITATIVE / QUALITATIVE INFORMATION
1 Publisher PT Bank UOB Indonesia
2 Identification Number BBIA01SBCN2, BBIA02SBCN1, BBIA02SBCN2 dan BBIA03SBCN1
3 Law used Indonesian Law
3a Means that enable the implementation of N/A
obligations on Section 13 of the TLAC Term
Sheet reached (for other valid TLAC instruments
governed by foreign law)
Treatment Instrument under the provisions of
CAR
4 At the time of transition N/A
5 After the transition period Tier 2
6 Are the instruments eligible for Individual / Consolidation and Individual
Consolidation or Consolidation and Individual
7 Type Instruments Subordinated Bonds
8 The amounts recognised in the calculation of IDR608,227 million
CAR
9 Par value of the instrument IDR1,350,000 million
10 Classification according to financial accounting Liabilities - Amortized Cost
standards
11 Publication date 17 October 2017, 5 July 2019, 13 November 2019 and 08 March 2022
12 No maturity (perpetual) or with maturity With Maturity
13 Due date 17 October 2024, 5 July 2026, 13 November 2026 and 08 March 2029
14 Execution of a call option on the approval of the N/A
Supervisory Bank
15 Call option date, the number of withdrawals N/A
and other requirements of the call option (if any)
16 Subsequent call option N/A
Coupon / dividend
17 Dividend / Coupon with fixed interests or Fixed
floating
18 The level of the coupon rate or other index that 9.25%; 9,85%; 9.25% and 8.00%
becomes a reference
19 Whether or not the dividend stopper No
20 Full discretionary, partial or mandatory Mandatory
21 Are there step-up feature or other incentives No
22 Non - cumulative or cumulative Non - cumulative
23 Convertible or non-convertible No
24 If the convertible, specify trigger point N/A
25 If the convertible, whether whole or in part N/A
26 If converted, how the conversion rate N/A
27 If converted, whether mandatory or optional N/A
28 If converted, specify the type of instrument N/A
conversion
29 If converted, the issuer of the instrument N/A
mentioned it converts into
30 Features write-down Yes
246 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Capital
No. QUANTITATIVE / QUALITATIVE INFORMATION
31 If the write-down, specify trigger its When a Company is potentially disrupted through its point of non-viability and
has a term of 5 (five) years or more and can only be repaid after obtaining
OJK approval. Based on circular letter from OJK No. 20/SEOJK.03/2016 dated
21 June 2016, Subordinated Bonds may be converted into ordinary shares or
written down if:
i. The ratio of the Common Equity Tier 1 / CET 1 is lower than or equal to
5.125% (five point one hundred and twenty five per cent) of risk-weighted
assets (RWA) either individually or consolidatively with subsidiaries; and
/ or
ii. There is a plan from the competent authority to undertake equity
participation to a Bank that is deemed to be potentially disrupted by its
continuity;
iii. and there are commands from OJK to convert into ordinary shares and /
or Write Down
32 If the write-down, whether full or partial Proportional, partial or full with OJK approval
33 If the write-down, permanent or temporary Permanent
34 If the write-down of temporary, explain the N/A
mechanism of write-up
34a Subordination type Subordinated bonds
35 Hierarchy of the instrument at the time of 1. First Preferred Creditor is entitled to receive full payment of all bills
liquidation receivable in accordance with the statutory provisions applicable
2. Furthermore, the Customer storage and Senior Debt creditors are entitled
to receive full payment of all bills receivable in accordance with their
respective debt agreements, with special attention given bail
3. After the creditors Preferred, Depositors and creditors Debt Senior, receive
full payment of all charges payable in accordance with provisions in the
loan agreements each of the holders of the Subordinated Bonds (including
holders of Subordinated Bonds or creditors of subordinated loans other
position pari passu with holders of the Subordinated Bonds if there are)
entitled to receive full payment of all bills receivable in accordance with
the provisions of their respective debt agreements
4. In the case of a preferred creditor, the depository customer of the senior
debt creditor, has not received full payment of his receivables and if the
trustee receives payment or distribution from the curator, the liquidator
or guardian who takes care of the company's assets and assets in the
liquidation process:
a. Trustee shall not distribute the money received by the Trustee from
the curator, liquidator or guardian who manages the Company's
assets and assets in the liquidation process, to the Subordinated
Bond Holder unless the Trust Agent has received:
i written affirmation of the curators, liquidators or guardians
who administer the assets of the Company in the liquidation
process that all preferred creditors, depositors and senior debt
creditors are paid in full; or
ii authorized court order in the respective jurisdiction ordering or
authorizing the Trustee to make payments to the Subordinated
Bond Holders because all preferred creditors, depositors,
senior creditors and debtors have been paid in full.
b. In case the Trustee does not receive the written affirmation as
mentioned in 4.a.i. or court order as specified in 4.a.ii. In this
paragraph the Trust Agent must immediately refund the payment
received by the Trustee to the curator, liquidator or guardian who
manages the assets and assets of the Company in the liquidation
process, for the payment of all the preferred creditors, depositors
and senior debtors who are still not yet paid. If the curator, liquidator
or guardian who handles the assets and assets of the Company in
the liquidation process does not receive the money returned by
the Trustee, the Trust Agent must open a separate bank account
and deposit the received money into the account until the Trustee
receives the letter / document Mentioned in point 4.ai or 4.a.ii.
mentioned above.
Annual Report 2023 | PT Bank UOB Indonesia 247
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Chapter .05
Good Corporate Governance
Capital
No. QUANTITATIVE / QUALITATIVE INFORMATION
5. Except in the case of the preferential creditors, depositors and senior
creditors receiving full payment in the liquidation process and by not
excluding the provision of treatment as the Company's Tier 2 capital
as referred to in PPOJK No. 11/POJK.03/2016 and The Subordinated
Bondholder Subordinates who directly receive payments in other ways
from, or the distribution of, the assets of the Company, of any kind or
nature, whether in cash, property or securities, the Subordinated Bond
Holder is obligated to deliver payment or The distribution of such assets
to the Trustee or the curator in bankruptcy, or the liquidator or guardian
who manages the Company's assets and assets in the liquidation process
for the distribution of the Company's assets in accordance with the
provisions of point 1.2. and 3. above
6. If the remaining proceeds of the Company's liquidation after the
satisfaction of the creditor's outstanding billing, the depositors and
the senior debtors are insufficient to pay the amount due under the
Subordinated Bond and any collateral right that ranks paripassu with
Subordinated Bonds, the Subordinated Bondholders and the holder of
the claim rights Ranks pari passu with Subordinated Bonds will share
outstanding, each of which is their right.
36 Is the transition to features that are non- No
compliant
37 If yes, explain the features of non-complaint N/A
7.a Leverage Ratio Exposure
(in IDR million)
No Description Total
1 Total assets in the statement of financial position in the published financial statements. (gross value before 166,331,072
deducting Allowance for Impairment Losses).
2 Adjustments for the value of investments in Banks, financial institutions, insurance companies, and/or -
other entities based on financial accounting standards must be consolidated but outside the scope of
consolidation based on the provisions of the Financial Services Authority.
3 Adjustment for the value of the underlying financial assets that have been transferred to the asset -
securitization meeting the off-sale requirements as stipulated in the Financial Services Authority Regulation
concerning prudential principles in asset securitization activities for commercial banks. In the event that the
underlying financial asset has been deducted from the total assets in the statement of financial position, the
number in this line is 0 (zero).
4 Adjustment to the temporary exemption from the placement of demand deposits with Bank Indonesia in -
order to comply with the minimum statutory reserve requirements (if any)
5 Adjustments for fiduciary assets that are recognised as components of the statement of financial position -
based on financial accounting standards but are excluded from the calculation of total exposure in the
Leverage Ratio.
6 Adjustments for the value of regular purchases or sales of financial assets using the trade date accounting -
method.
7 Adjustments for the value of cash pooling transactions that meet the requirements as stipulated in this -
Financial Services Authority Regulation.
8 Adjustment for the value of exposure to derivative transactions. 3,466,097
9 Adjustment for SFT exposure values for example reverse repo transactions. 448,816
10 Adjustment for the TRA exposure value which has been multiplied by the Credit Coversion Factor 13,750,385
11 Prudential assessment adjustments in the form of capital deduction factors and Allowance for Impairment (6,035,790)
Losses.
12 Other adjustments.
13 Total Exposure in the calculation of the Leverage Ratio 177,960,580
Qualitative Analysis
Total Exposure in the calculation of the Leverage Ratio is the sum of asset exposures in the statement of financial position, exposure to
derivative transactions, exposure to securities financing transactions (SFT), TRA exposure in the commitments and contingencies report which
includes the trading book position and banking book position in December 2023. This exposure calculation is needed to monitor that Core
Capital to Total exposure is above the minimum ratio set by OJK, which is 3 per cent.
248 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Leverage Ratio
7.b Leverage Ratio Calculation
(in IDR million)
Period
No.
December 2023 September 2023
Assets Exposure on Financial Position Statement
1 Asset exposure in the statement of financial position includes collateralized assets, 129,033,028 118,211,156
but does not include derivative transaction exposure and SFT exposure (gross value
before deducting Allowance for Impairment Losses)
2 The value added back for derivative collateral submitted to the counterparty which - -
resulted in a decrease in total asset exposure in the balance sheet due to the
application of financial accounting standards
3 (Reduction of receivables related to CVM given in derivative transactions)
4 (Adjustments for the carrying amount of securities received in SFT exposure
recognised as assets)
5 (Allowance for Impairment Losses for these assets is in accordance with financial (4,136,794) (4,347,495)
accounting standards)
6 (Assets that have been calculated as a deduction factor for Core Capital as (1,898,996) (733,402)
referred to in the Financial Services Authority Regulation regarding the minimum
capital adequacy requirement for commercial banks)
7 Total Assets Exposure on Financial Position Statement 122,997,238 113,130,259
Derivative Transaction Exposure
8 RC value for all derivative transactions, whether there is a variation margin that 1,217,467 1,549,673
meets the requirements or there is an offsetting agreement that meets certain
requirements
9 The added value which is the PFE for all derivative transactions 3,142,668 2,776,198
10 (Exception for exposure to derivative transactions settled through a central
counterparty (CCP))
11 Adjustment for the effective notional value of credit derivatives - -
12 (Adjustments for effective notional value are offset and add-on deductions for - -
credit derivative sales transactions)
13 Total Derivative Transaction Exposure 4,360,135 4,325,871
Securities Financing Transaction (SFT) Exposure
14 Gross carrying amount of SFT assets 36,404,006 40,502,981
15 (Net value between cash liabilities and cash receivables) - -
16 Credit Risk due to counterparty failure related to SFT assets which refers to the 448,816 425,912
calculation of current exposure as regulated in the Attachment to this Financial
Services Authority Regulation
17 Exposure as an SFT agent - -
18 Total Securities Financing Transaction (SFT) Exposure 36,852,822 40,928,893
Administrative Transaction Exposure
19 Value of all committed or contingent liabilities Gross value before deducting 93,452,988 73,785,483
Allowance for Impairment Losses
20 (Adjustments to the result of the multiplication between the value of the (79,322,743) (61,507,928)
commitment obligation or contingent liability and the Credit Conversion Factor are
then reduced by Allowance for Impairment Losses)
21 (Allowance for Impairment Losses on Administrative Transaction according to (379,860) (270,307)
financial accounting standards)
22 Total Administrative Transaction Exposure 13,750,385 12,007,248
Capital and Total Exposure
23 Core Capital 15,615,946 15,223,871
24 Total Exposure 177,960,580 170,392,271
Leverage Ratio
25 Leverage Ratio Value, including the impact of adjustments to temporary exceptions 8.77% 8.93%
for current account placements with Bank Indonesia in order to meet the minimum
statutory reserve requirements (if any)
Annual Report 2023 | PT Bank UOB Indonesia 249
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Chapter .05
Good Corporate Governance
Leverage Ratio
(in IDR million)
Period
No.
December 2023 September 2023
25a Leverage Ratio Value, excluding the impact of adjustments to temporary exceptions 8.77% 8.93%
for current account placements with Bank Indonesia in order to comply with the
minimum statutory reserve requirements (if any)
26 Minimum Leverage Ratio 3% 3%
27 Bearing to Leverage Ratio
Disclosure of Average Value
28 The average value of the carrying value of SFT assets on a gross basis, after 29,023,266 27,155,371
adjustment for sales accounting transactions which are calculated on a net basis
with cash liabilities in SFT and cash receivables in SFT
29 The value at the end of the reporting quarter of the carrying amount of SFT assets 36,404,006 40,502,981
on a gross basis, after adjustment for sales accounting transactions which are
calculated on a net basis with cash liabilities in SFT and cash claims in SFT
30 Total Exposure, including the impact of the adjustment to the temporary exemption 206,983,846 197,547,642
from the placement of demand deposits with Bank Indonesia in order to comply
with the minimum statutory reserve requirements (if any), which has included the
average value of the gross carrying value of SFT assets as referred to in line 28
30a Total Exposure, excluding the impact of the adjustment to the temporary exemption 206,983,846 197,547,642
from the placement of demand deposits with Bank Indonesia in order to comply
with the minimum statutory reserve requirements (if any), which has included the
average value of the gross carrying value of SFT assets as referred to in line 28
31 Leverage Ratio Value, including the impact of the adjustment to the temporary 7.54% 7.71%
exemption from the placement of demand deposits with Bank Indonesia in order
to meet the minimum statutory reserve requirements (if any), which has included
the average value of the gross carrying value of SFT assets as referred to in line 28
31a Leverage Ratio Value, excluding the impact of the adjustment to the temporary 7.54% 7.71%
exception on the placement of demand deposits with Bank Indonesia in order to
meet the minimum statutory reserve requirements (if any), which has included the
average value of the gross carrying value of SFT assets as referred to in line 28
Qualitative Analysis
Leverage Ratio as of December 2023 is 8.77 per cent which is the result of a comparison between Core Capital of IDR15.62 Trillion and Total
Exposure of IDR177,96 Trillion. Compared to September 2023 period, Leverage Ratio as of December 2023 period decreased by 0.16 per cent.
This decrease was due to an increase Asset Exposure in financial positions of IDR9,87 Trillion and a decrease in Securities Financing Transaction
Exposure of IDR4.07 Trillion. The Bank will maintain capital (especially Core Capital) so that the Leverage Ratio remains above the minimum ratio
in accordance with Financial Services Authority Regulation No. 31/POJK.03/2019 dated 2 December 2019.
8. Disclosure of Credit Quality on Assets (CR1)
(in IDR million)
Allowance for Impairment Allowance for
Gross Carrying Amount Allowance for Losses Impairment Net Amount
Impairment
Not Yet Losses (IRB (a+b+c)
Overdue Bills Losses Stage 2 & 3 Stage 1
Overdue Bills )Approach
a b c d f g h
1 Securities - 19,221,114 (13,848) (1,046) (12,802) 19,207,266
2 Loans 1,633,611 82,388,993 (4,110,763) (3,564,092) (546,671) 79,911,841
3 Off-Balance Sheet
- 5,684,193 (3,586) (3,480) (106) 5,680,607
Transaction
Total 1,633,611 107,294,300 (4,128,197) (3,568,618) (559,579) 104,799,714
250 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Leverage Ratio
9. Disclosure of Credit Mutations and Matured Securities (CR2)
(in IDR million)
a
1 Credits and Securities that have matured in the last reporting period 1,699,444
2 Credits and Securities that have matured since last reporting period 125,389
3 Loans and Securities that are reversed back to undue bills (16,106)
4 Write-offs (152,448)
5 Other alterations (22,668)
6 Matured Loans and Securities at reporting date (1+2-3-4+5) 1,633,611
10. Disclosure of Net Claims by Region
(in IDR million)
31 December 2023
Net Claims by Region
No Portfolio Category
Central East Java & Kalimantan
Jakarta West Java Sumatera total
Java Bali & Makassar
a b c d e f g h i
1 Claims on the Government 40,777,893 - - - - - 40,777,893
Claims on Public Sector
2 988,700 - - - - - 988,700
Entities
Claims on Multilateral
3 Development Banks and - - - - - - -
International Institution
4 Claims on Banks 6,472,873 1,982 687 183,204 - 734 6,659,480
Claims in the form of
5 - - - - - - -
Covered Bonds
Claims on Securities
Companies and Other
6 2,804,457 - - - - - 2,804,457
Financial Services
Institution
Claims in the form of
Subordinated Securities/
7 26 - - - - - 26
Receivables, Equity and
Other Capital Instruments
Claims Secured by
8 6,333,486 678,771 592,194 1,711,387 875,994 312,617 10,504,449
Residential Properties
Claims Secured by
9 17,130,927 1,386,376 1,858,838 3,878,988 2,764,249 1,939,710 28,959,088
Commercial Properties
Claims for the Land
Acquisition, Land
10 1,349,561 16,375 33,528 73,619 255,538 41,413 1,770,034
Processing and
Construction
Claims on Employee/
11 - - - - - - -
Retiree
Claims on Micro, Small
12 Business and Retail 12,801,627 51,621 65,762 180,364 92,576 42,658 13,234,608
Portfolio
13 Claims on Corporations 31,003,645 913,096 429,554 3,187,885 1,369,758 226,681 37,130,619
14 Claims-Past Due 548,850 130,339 76,042 97,020 39,736 27,901 919,888
15 Other Assets 3,613,040 71,339 139,530 139,963 129,273 55,280 4,148,425
Total 123,825,085 3,249,899 3,196,135 9,452,430 5,527,124 2,646,994 147,897,667
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Chapter .05
Good Corporate Governance
Credit Risk
11. Disclosure of Net Claims by Economic Sector
Claims on
Claims on
Securities
Claims on Multilateral Claims in
Companies
Claims on the Public Development Claims to the form
No. Economic Sector and Other
Government Sector Banks and Banks of Covered
Financial
Entities International Bond
Services
Institutions
Institutions
a b c d e f g h
31 December 2023
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - 23,698 - - - -
3 Processing Industry - - - 925,625 - -
4 Procurement of Electricity, Gas, Steam/Hot
Water and Cold Air - 442,874 - - - -
5 Water Management, Wastewater
Management, Waste Management and - - - - - -
Recycling, and Remediation Activities
6 Construction - 60,218 - - - -
7 Wholesale and Retail Trade; Car and
- 461,910 - - - -
Motorcycle Repair and Maintenance
8 Transportation and Warehousing - - - - - -
9 Provision of Accommodation and Provision
- - - - - -
of Food and Drink
10 Information and Communication - - - - - -
11 Financial and Insurance Activities 31,332,481 - - 5,732,884 - 2,797,693
12 Real Estate - - - - - -
13 Professional, Scientific and Technical
- - - - - -
Activities
14 Rental and Leasing Activities Without
Option Rights, Employment, Travel Agents - - - - - -
and Other Business Support
15 Government Administration, Defense and
- - - - - -
Compulsory Social Security
16 Education - - - - - -
17 Health and Social Activities - - - - - -
18 Arts, Entertainment and Recreation - - - - - -
19 Other Service Activities - - - - - 6,000
20 Household Activities as an Employers;
Activities that Produce Goods and Services
- - - - - -
by Households Used to Meet Their Own
Needs
21 Activities of International Agencies and
- - - - - -
Other Extra International Agencies
22 Household - - - - - -
23 Not Other Business Fields 9,445,412 - - 971 - 764
24 Others - - - - - -
Total 40,777,893 988,700 - 6,659,480 - 2,804,457
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Building the Future of ASEAN
(in IDR million)
Claims in
Claims
the form of
for Land Claims on
Subordinated Claims Claims
Acquisition, Claims on Micro, Small
Securities/ Secured by Secured by Claims on Claims-Past Other
Land Employee/ Business
Receivables, Residential Commercial Corporations Due Assets
Processing Retiree and Retail
Equity and Properties Properties
and Portfolio
Other Capital
Construction
Instruments
i j k l m n o p q
- 34,662 1,045,862 - - 1,454 1,239,222 1,340 -
- 1,788 191,774 - - 11,559 7,662,195 - -
- 642,873 11,447,126 - - 312,895 16,080,179 175,613 -
- 4,175 180,455 - - 469 178,347 - -
- 3,640 8,359 - - - - 1,264 -
- 58,237 84,723 1,770,034 - 12,181 - 51,688 -
- 2,396,894 9,616,490 - - 339,311 6,682,031 291,699 -
- 295,220 194,885 - - 65,198 113,600 6,336 -
- 54,727 1,895,001 - - 41,710 2,441 25,010 -
25 96,917 685,506 - - 9,706 2,288,071 57,886 -
1 1,225 - - - - - - -
- 33,316 2,220,822 - - 15,372 2,518,022 1,478 -
- 38,906 51,510 - - 18,843 7,518 - -
- 41,783 186,017 - - 1,596 181,436 7,388 -
- - - - - - - - -
- 1,218 24,552 - - 811 - - -
- 1,947 19,169 - - 6,986 - - -
- 805 9,027 - - 501 1,002 - -
- 60,987 569,346 - - 37,581 107,036 4,664 -
- - - - - - - - -
- - - - - - - - -
- 6,735,129 528,464 - - 323,106 - 277,463 -
- - - - - 12,035,329 69,519 18,059 -
- - - - - - - - 4,148,425
26 10,504,449 28,959,088 1,770,034 - 13,234,608 37,130,619 919,888 4,148,425
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Chapter .05
Good Corporate Governance
Credit Risk
12. Disclosure of Net Claims by Remaining Contract Period
(in IDR million)
31 December 2023
Net Claims by Remaining Contract Period
No. Portfolio Category
>1 years to 3 > 3 years to Non
≤1 years >5 years Total
years 5 years Contractual
a b c d e f g h
1 Claims on the Government 22,905,487 3,981,268 1,253,472 2,849,938 9,787,728 40,777,893
2 Claims on Public Sector Entities 918,486 70,214 - - - 988,700
Claims on Multilateral Development
3 - - - - - -
Banks and International Institution
4 Claims on Banks 5,257,852 397,734 3 - 1,003,891 6,659,480
5 Claims in the form of Covered Bonds - - - - - -
Claims on Securities Companies and
6 1,005,028 1,456,516 342,878 - 35 2,804,457
Other Financial Services Institution
Claims in the form of Subordinated
7 Securities/Receivables, Equity and - - - - 26 26
Other Capital Instruments
Claims Secured by Residential
8 3,208,755 362,147 746,892 6,183,895 2,760 10,504,449
Properties
Claims Secured by Commercial
9 20,449,077 2,115,874 3,989,286 2,379,902 24,949 28,959,088
Properties
Claims for the Land Acquisition, Land
10 1,579,455 153,921 14,265 17,111 5,282 1,770,034
Processing and Construction
11 Claims on Employee/Retiree - - - - - -
Claims on Micro, Small Business and
12 2,677,246 4,370,772 3,407,457 2,769,459 9,674 13,234,608
Retail Portfolio
13 Claims on Corporations 28,166,445 4,388,729 4,010,154 254,159 311,132 37,130,619
14 Claims-Past Due 439,276 104,253 40,032 335,366 961 919,888
15 Other Assets - - - - 4,148,425 4,148,425
Total 86,607,107 17,401,428 13,804,439 14,789,830 15,294,863 147,897,667
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Building the Future of ASEAN
Credit Risk
13. Disclosure of Claims and Provision by Region
(in IDR million)
31 December 2023
Region
No Descriptions
Central East Java Kalimantan
Jakarta West Java Sumatera total
Java & Bali & Makassar
a b c d e f g h i
1 Bills 191,495,927 5,219,502 4,890,208 14,127,534 11,639,222 3,831,048 231,203,441
2 Impairment Bills 7,038,746 899,827 1,173,322 1,059,253 324,519 337,063 10,832,730
a. Not yet due 6,093,618 746,433 850,692 931,054 275,692 301,630 9,199,119
b. Past Due 945,128 153,394 322,630 128,199 48,827 35,433 1,633,611
Allowance for Impairment
3
Losses - Stage 1 775,034 8,350 8,129 26,149 15,701 7,697 841,060
Allowance for Impairment
4
Losses - Stage 2 1,870,730 329,029 227,946 167,591 32,104 58,911 2,686,311
Allowance for Impairment
5
Losses - Stage 3 591,421 29,898 293,921 54,303 10,891 8,848 989,282
6 Write-off 772,288 58,342 362,837 138,989 80,171 54,920 1,467,547
31 December 2022
Region
No Descriptions
Central East Java Kalimantan
Jakarta West Java Sumatera total
Java & Bali & Makassar
a b c d e f g h i
1 Bills 165,124,235 5,656,619 6,006,395 12,995,544 10,953,623 3,686,910 204,423,326
2 Impairment Bills 6,017,317 890,147 1,616,474 1,327,882 485,647 644,281 10,981,748
a. Not yet due 5,369,730 720,985 1,168,143 1,127,264 378,021 536,981 9,301,124
b. Past Due 647,587 169,162 448,331 200,618 107,626 107,300 1,680,624
Allowance for Impairment
3 584,965 11,563 12,405 35,057 19,465 8,920 672,375
Losses - Stage 1
Allowance for Impairment
4 1,702,439 298,482 492,637 178,268 50,752 96,262 2,818,840
Losses - Stage 2
Allowance for Impairment
5 591,880 24,821 305,436 68,269 30,285 19,877 1,040,568
Losses - Stage 3
6 Write-off 577,444 28,021 127,617 193,025 48,162 66,863 1,041,132
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Chapter .05
Good Corporate Governance
Credit Risk
14. Disclosure of Claims and Provision by Economic Sector
(in IDR million)
Impairment Bills Allowance Allowance Allowance
for for for
No. Economic Sector Bills Impairment Impairment Impairment Write Off
Not Yet Due Past Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
a b c d e f g h i
31 December 2023
Agriculture, forestry and
1 6,426,226 16,885 1,340 4,953 2,870 -
fisheries
2 Mining and excavation 11,796,021 105,569 - 13,947 9,198 -
3 Processing industry 50,232,564 2,226,431 476,116 66,324 1,356,662 330,357
Procurement of electricity, gas,
4 1,835,789 7,687 - 2,021 1,148 -
steam / hot water and cold air
Water Management,
Wastewater Management,
5 Waste Management and 24,550 2,697 1,264 31 673 -
Recycling, and Remediation
Activities
6 Construction 4,849,844 393,680 55,193 4,646 284,983 3,505
Wholesale and Retail Trade;
7 Car and Motorcycle Repair and 34,770,390 1,722,231 440,357 59,082 326,039 353,397
Maintenance
Transportation and
8 841,235 47,645 6,336 2,133 9,164 -
Warehousing
Provision of accomodation and
9 2,599,435 1,693,353 25,934 1,479 385,664 13,732
provision of food and drink
Information and
10 5,711,380 - 149,119 6,802 2,970 91,233
communications
Financial and insurance
11 45,969,256 1,436 - 19,898 215 -
activities
12 Real Estate 5,780,348 653,035 6,231 14,810 67,589 4,753
Professional, Scientific and
13 175,964 4,968 - 399 818 -
Technical activities
Rental and Leasing Activities
Without Option Rights,
14 709,342 26,527 7,388 1,066 5,097 -
Employment, Travel Agents and
Other Business Support
Government administration,
15 defense, and compulsory social - - - - - -
security
16 Education 33,450 1,084 - 77 169 -
17 Health and Social Activities 31,758 - - 146 - -
Arts, Entertainment, and
18 11,536 - - 41 - -
Recreation
19 Other service activities 1,071,897 26,379 4,667 2,769 4,262 4
Household Activities as
Employes; Activities that
20 produce goods and services - - - - - -
by households used
to meet their own needs
Activities of International
21 Agencies and Other Extra - - - - - -
International Agencies
22 Household 8,115,901 175,743 292,405 42,371 79,730 17,082
23 Not Other Business Fields 45,947,061 2,093,769 167,261 598,065 149,060 175,219 1,467,547
24 Others 4,269,494 - - - - -
Total 231,203,441 9,199,119 1,633,611 841,060 2,686,311 989,282 1,467,547
256 Annual Report 2023 | PT Bank UOB Indonesia
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Credit Risk
(in IDR million)
Impairment Bills Allowance Allowance Allowance
for for for
No. Economic Sector Bills Impairment Impairment Impairment Write Off
Not Yet Due Past Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
a b c d e f g h i
31 December 2022
Agriculture, forestry and
1 6,457,242 15,530 1,899 47,012 2,493 382
fisheries
2 Mining and excavation 7,285,044 - 5,029 11,606 - -
3 Processing industry 50,204,614 2,459,735 649,737 96,377 1,684,681 782,203
Procurement of electricity, gas,
4 4,368,327 8,986 - 13,469 1,306 -
steam / hot water and cold air
Water Management,
Wastewater Management,
5 Waste Management and 29,241 734 1,264 35 313 -
Recycling, and Remediation
Activities
6 Construction 6,889,098 441,444 63,899 7,899 89,902 8,315
Wholesale and Retail Trade;
7 Car and Motorcycle Repair and 34,189,206 1,935,337 559,982 68,198 393,965 179,228
Maintenance
Transportation and
8 1,071,626 113,398 11,029 3,679 14,097 469
Warehousing
Provision of accomodation and
9 2,646,253 2,001,834 22,759 2,421 341,975 13,704
provision of food and drink
Information and
10 6,934,949 171,302 - 10,912 24,315 -
communications
Financial and insurance
11 30,917,360 - - 45,912 - -
activities
12 Real Estate 5,338,773 1,025,115 5,187 18,277 117,865 3
Professional, Scientific and
13 233,420 25,739 17,616 399 4,294 4,067
Technical activities
Rental and Leasing Activities
Without Option Rights,
14 648,076 23,641 11,774 2,038 4,592 543
Employment, Travel Agents and
Other Business Support
Government administration,
15 defense, and compulsory social - - - - - -
security
16 Education 32,937 1,175 6,153 46 169 -
17 Health and Social Activities 24,159 6,987 - 76 1,011 -
Arts, Entertainment, and
18 12,672 - - 40 - -
Recreation
19 Other services activities - - - - - -
Household Activities as
Employers Activities that
20 produce goods and services 1,297 - - 4 - -
by households used
to meet their own needs
Activities of International
21 Agencies and Other Extra 14,757 - - - - -
International Agencies
22 Household 8,502,218 374,260 294,236 48,613 117,345 23,096
23 Not Other Business Fields 35,200,316 695,907 30,060 295,362 20,517 28,558 1,041,132
24 Others 3,421,741 - - - - -
Total 204,423,326 9,301,124 1,680,624 672,375 2,818,840 1,040,568 1,041,132
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Chapter .05
Good Corporate Governance
Credit Risk
15. Disclosure of Claims by Days Past Due
31 December 2023
Claims by days past due
No Type of Exposure
> 90 days to 120 > 120 days to 180
> 180 days Total
days days
a b c d e f
1 Loans Past Due 123,806 350,219 1,159,586 1,633,611
2 Securities Past Due - - - -
Total 123,806 350,219 1,159,586 1,633,611
16A. Disclosure of Performing and Non-Performing Assets
Performing (Current and Special Mention
Quality) Impaired Receivables
No
Gross Carrying Allowance for Gross Carrying Allowance for
Amount impairment losses Amount impairment losses
a b c d
1 Securities 19,221,114 (13,848)
2 Loans 81,873,578 (3,121,480) 2,149,026 (989,283)
a. Corporations 54,376,301 (2,234,833) 936,798 (659,671)
b. Retail 27,497,277 (886,647) 1,212,228 (329,612)
3 Off-Balance Sheet Transactions 5,684,193 (3,586)
16B. Disclosure of Performing and Non Performing of Restructured Assets
Performing (Current and Special Mention Non Performing (Sub-Standard, Doubtful,
Quality) Loss Qualities)
No
Gross Carrying Allowance for Gross Carrying Allowance for
Amount impairment losses Amount impairment losses
a b c d
1 Securities
2 Loans 4,983,254 (1,481,149) 1,457,729 (615,333)
a. Corporations 3,560,084 (1,347,772) 717,464 (518,407)
b. Retail 1,423,170 (133,377) 740,265 (96,926)
3 Off-Balance Sheet Transactions
258 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Credit Risk
(in IDR million)
31 December 2022
Claims by days past due
> 90 days to 120 > 120 days to 180
> 180 days Total
days days
g h i j
152,946 170,900 1,356,778 1,680,624
152,946 170,900 1,356,778 1,680,624
(in IDR million)
Non Performing (Sub-Standard, Doubtful, Loss Qualities)
Not Impaired Receivables
DPD > 90 Days DPD ≤ 90 Days
Gross Carrying Allowance for Gross Carrying Allowance for
Amount impairment losses Amount impairment losses
e f g h
(in IDR million)
Stage 1 Stage 2 Stage 3
Gross Carrying Allowance for Gross Carrying Allowance for Gross Carrying Allowance for
Amount impairment losses Amount impairment losses Amount impairment losses
e f g h i j
827,648 (6,437) 4,155,602 (1,474,711) 1,457,733 (615,334)
130,511 (552) 3,429,573 (1,347,219) 717,464 (518,408)
697,137 (5,885) 726,029 (127,492) 740,269 (96,926)
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Chapter .05
Good Corporate Governance
Credit Risk
17. Disclosure Quantitative Related to CRM Method (CR3)
(in IDR million)
Claims Covered
Claims
Claims not Claims Claims by Guarantees,
Guaranteed
No. Guaranteed by Guaranteed by Guaranteed by Guarantees
by Credit
CRM methods CRM methods Collateral and/or Credit
Derivatives
Insurance
a b c d e
1 Securities 19,207,266 - -
2 Loans 71,619,028 7,372,936 7,372,936
Total 90,826,294 7,372,936 7,372,936
4 Matured Loans and Securities 919,877 - -
18. Disclosure of Credit Risk Exposure and Impact of the CRM Method (CR4)
Net Claims before applying CCF and CRM methods
No. Portfolio Category
Off-Balance Sheet
On Balance Sheet
Transactions
a b
1 Claims to Government 40,631,782 1,461,105
2 Claims on Public Sector Entities 342,874 6,458,264
Claims on Multilateral Development Banks and International
3 - -
Institutions
4 Claims on Banks 6,474,465 317,259
Claims on Securities Companies and Other Financial Services
2,001,114 5,948,321
Institutions 1)
5 Claims in the form of Covered Bonds - -
6 Claims on Corporations - General Corporate Exposure 2) 30,019,644 34,302,218
Claims on securities companies and other financial services
430,253 756
institutions 3)
Special Financing Exposure 4) -
Claims in the form of Subordinated Securities/Receivables, Equity and
7 26 -
Other Capital Instruments
8 Claims on Micro, Small Business and Retail Portfolio 10,478,020 26,896,585
Claims Secured by Properties
9
Claims Secured by Residential Properties whose Payments Are Not
10,119,243 2,147,523
Materially Dependent on Property Cash Flows
Claims Secured by Residential Properties whose Payments Are
169,360 1,625
Materially Dependent on Property Cash Flows
Claims Secured by Commercial Properties whose Payments Are Not
21,561,008 11,760,703
Materially Dependent on Property Cash Flows
Claims Secured by Commercial Properties whose Payments Are
5,285,263 2,118,969
Materially Dependent on Property Cash Flows
Claims for Land Acquisition, Land Processing and Construction 5) 1,565,920 2,039,543
10 Claims-Past Due 919,876 117
11 Other Assets 4,148,425 -
12 Total 134,147,273 93,452,988
260 Annual Report 2023 | PT Bank UOB Indonesia
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Credit Risk
(in IDR million)
Net Claims after applying CCF and CRM methods RWA and Average Risk Weight
Off-Balance Sheet Average Risk Weight (e/
On Balance Sheet RWA
Transactions (c+d))
c d e f
40,631,782 146,111 - 0.00%
342,874 645,826 494,350 50.00%
- - - 0.00%
6,474,465 185,015 4,538,523 68.15%
1,907,949 799,840 1,743,450 64.39%
- - - 0.00%
23,867,539 6,307,224 29,597,836 98.09%
430,253 76 430,329 100.00%
- - - 0.00%
26 - 39 150.00%
9,628,746 2,751,672 5,974,692 48.26%
0.00%
10,113,523 215,196 4,246,260 41.11%
169,208 650 53,767 31.65%
21,456,473 1,265,230 16,465,583 72.47%
5,282,979 847,587 7,001,553 114.21%
1,451,404 204,114 2,480,699 149.84%
919,876 12 1,105,285 120.15%
4,148,425 - 3,623,687 87.35%
126,825,522 13,368,553 77,756,052
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Chapter .05
Good Corporate Governance
Credit Risk
19. Disclosure of Exposure by Assets Category and Risk Weight (CR5)
Portfolio Category 0% 20% 50%
1 Claims on Government
40,777,893 - -
Portfolio Category 20% 50% 100%
2 Claims on Public Sector Entities
- 988,700 -
Portfolio Category 0% 20% 30% 50%
Claims on Multilateral Development
3
Banks and International Institutions
Portfolio Category 20% 30% 40% 50%
4 Claims on Banks
19,820 5,658 - 1,770,561
Claims on Securities Companies and
- 101,379 967,083
Other Financial Services Institutions 1) -
Portfolio Category 10% 15% 20% 25%
5 Claims in the form of Covered Bond - - - -
Portfolio Category 20% 50% 65% 75%
6 Claims on General Corporations 2) 788,668 653,705
-
Claims on securities companies and
other financial services institutions 3)
Special Financing Exposure 4)
Portfolio Category 100% 150%
7 Claims in the form of Subordinated
Securities/Receivables, Equity and 26
Other Capital Instruments
Portfolio Category 45% 75% 85%
8 Claims on Micro, Small Business and
Retail Portfolio 11,124,682 1,145,253 5,583
262 Annual Report 2023 | PT Bank UOB Indonesia
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Credit Risk
(in IDR million)
100% 150% Others Net Claims after CCF and CRM Methods
40,777,893
- -
150% Others Net Claims after CCF and CRM Methods
988,700
-
100% 150% Others Net Claims after CCF and CRM Methods
-
75% 100% 150% Others Net Claims after CCF and CRM Methods
6,659,480
4,863,441 - -
1,639,327 - - 2,707,789
35% 50% 100% Others Net Claims after CCF and CRM Methods
- - - -
80% 85% 100% 130% 150% Others Net Claims after CCF and CRM Methods
- 127,779 28,604,611 30,174,763
-
430,329
430,329
-
- -
250% 400% Others Net Claims after CCF and CRM Methods
26
100% Others Net Claims after CCF and CRM Methods
12,380,418
104,900
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Chapter .05
Good Corporate Governance
Credit Risk
Portfolio Category 0% 20% 25% 30% 35% 40% 45% 50% 60%
Claims Secured by
Properties
Claims Secured by
Residential Properties
whose Payments Are Not 2,926,397 1,050,658 2,368,790 810,517 122,490
Materially Dependent on
Property Cash Flows
Claims Secured by
Residential Properties
whose Payments Are 140,067 18,219 11,417 -
Materially Dependent on
Property Cash Flows
9 Claims Secured by
Commercial Properties
whose Payments Are Not - -
10,859,584
Materially Dependent on
Property Cash Flows
Claims Secured by
Commercial Properties
whose Payments Are
Materially Dependent on
Property Cash Flows
Claims for Land
Acquisition, Land
Processing and
Construction 5)
Portfolio Category 50% 100%
10 Claims-Past Due
19,204 510,686
Portfolio Category 0% 20% 100%
11 Other Assets 603,539 3,387,284
Off-balance sheet transactions net claims
No Risk Weight On balance sheet net claims total
total (before CCF)
1 <40% 40,801,142 1,462,730
2 40%-70% 29,415,716 41,767,952
3 75% 21,561,008 11,760,703
4 85% 4,148,425 -
5 90%-100% 30,449,897 34,302,974
6 105%-130% 6,205,139 2,119,086
7 150% 1,565,946 2,039,543
8 250%
9 400%
10 1250%
11 Net Claims Total 134,147,273 93,452,988
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Credit Risk
Net Claims after CCF and
65% 70% 75% 85% 90% 100% 105% 110% 150% Others
CRM Methods
438,500 2,243,850 367,517 10,328,719
- - 155 169,858
1,329,688 10,532,431 - 22,721,703
73,700 250,747 3,243,898 6,130,566
2,562,221
5,157 1,650,361 1,655,518
150% Others Net Claims after CCF dan CRM Methods
919,888
389,998
150% 1250% Others Net Claims after CCF dan CRM Methods
157,602 4,148,425
Net claims total (After CCF and CRM
Average CCF
methods)
10.03% 40,947,751
11.01% 33,065,106
10.76% 22,721,703
0.00% 4,148,425
18.39% 30,605,092
40.00% 7,050,454
10.01% 1,655,544
140,194,075
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Chapter .05
Good Corporate Governance
Credit Risk
20. Counterparty Credit Risk Exposure Analysis (CCR1)
(in IDR million)
31 December 2023
a b c d e f
No
Potential Alpha used
Replacement Future for calculate
EEPE Net Claims RWA
Cost (RC) Exposure regulatory
(PFE) (EAD)
1. SA-CCR (for derivative) 869,619 1,839,060 1.4 3,792,150 2,954,830
Internal Model Method (for
2. N/A N/A
derivative and SFTs)
Simple Approach for Credit
3. N/A N/A
Risk Mitigation (for SFTs)
Comprehensive Approach for
4. N/A N/A
Credit Risk Mitigation (for SFTs)
5. VaR for SFTs N/A N/A
6. Total 2,954,830
(in IDR million)
31 December 2022
a b c d e f
No Potential Alpha used
Replacement Future to calculate
EEPE Net Claims RWA
Cost (RC) Exposure regulatory
(PFE) (EAD)
1. SA-CCR (for derivative) 1,355,994 1,582,156 1.4 4,113,409 2,465,376
Internal Model Method (for
2. N/A N/A
derivative and SFTs)
Simple Approach for Credit
3. N/A N/A
Risk Mitigation (for SFTs)
Comprehensive Approach for
4. N/A N/A
Credit Risk Mitigation (for SFTs)
5. VaR for SFTs N/A N/A
6. Total 2,465,376
21. Capital Charge for Credit Valuation Adjustment (CCR2)
(in IDR million)
31 December 2023 31 December 2022
a b a b
No
Net Claims RWA Net Claims RWA
Total portfolio based on Advanced CVA Capital
N/A N/A N/A N/A
Charge
1 VaR Component (include 3x multiplier) N/A N/A
2 Stressed VaR Component (include 3x multiplier) N/A N/A
All portfolios based on with Standardised CVA Capital
3 3,792,150 1,766,421 4,113,409 1,716,136
Charge
4 Total based on CVA Capital Charge 3,792,150 1,766,421 4,113,409 1,716,136
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Credit Risk
22. CCR Exposure by Portfolio Category and Risk Weight (CCR3)
31 December 2023
Risk Weight
Portfolio Category
a b c d e f g h i
Total Net
0% 10% 20% 50% 75% 100% 150% Others
Claim
Claims to Government and
170,050 - - - - - - - 170,050
Central Bank
Claims on Public Sector
- - - - - - - - -
Entities
Claims on Multilateral
Development Banks and - - - - - - - - -
International Institutions
Claims to Other Banks - - - 129,046 2,263,116 - - - 2,392,162
Claims on Securities
Companies and Other
- - - 12,504 122,864 - - - 135,368
Financial Services
Institution
Claims to Securities
- - - - - - - - -
Companies
Claims to Corporations - - - - - 66 - - 66
Claims on Micro, Small
Business and Retail - - - - - 1,094,504 - - 1,094,504
Portfolio
Other Assets - - - - - - - - -
Total 170,050 - - 141,550 2,385,980 1,094,570 - - 3,792,150
31 December 2022
Risk Weight
Portfolio Category a b c d e f g h i
Total Net
0% 10% 20% 50% 75% 100% 150% Others
Claim
Claims on the Government
345,585 - - - - - - - 345,585
and Central Bank
Claims on Public Sector
- - - - - - - - -
Entities
Claims on Multilateral
Development Banks and - - - - - - - - -
Internasional Institutions
Claims on Other Banks - - 154,991 2,356,894 - - - - 2,511,885
Claims on Securities
- - - - - - - - -
Companies
Claims on Corporations - - - - - 1,255,905 - - 1,255,905
Claims on Micro Business,
Small Business and - - - - 34 - - - 34
Retail Portfolio
Other Assets - - - - - - - - -
Total 345,585 - 154,991 2,356,894 34 1,255,905 - - 4,113,409
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Chapter .05
Good Corporate Governance
Credit Risk
23. CREDIT RISK - Net Claims on Credit Derivative (CCR6)
As of 31 December 2023 & 2022 The Bank does not have Net Claims Credit Derivative
24. CREDIT RISK - Securitization Exposure in Banking Book (SEC1)
As of 31 December 2023 & 2022 The Bank does not have Securitization Exposure in Banking Book
25. CREDIT RISK - Securitization Exposure in Trading Book (SEC2)
As of 31 December 2023 & 2022 The Bank does not have Securitization Exposure in Trading Book
26. CREDIT RISK- Securitization Exposure in Banking Book and related to
its Capital Requirement - Bank Acting as Originator or Sponsor (SEC3)
As of 31 December 2023 & 2022 The Bank does not have Securitization Exposure in Banking Book and
related to its Capital Requirement - Bank Acting as Originator or Sponsor
27. CREDIT RISK - Securitization Exposure in Banking Book and its Capital
Requirement - Bank Acting as Investor (SEC4)
As of 31 December 2023 & 2022 The Bank does not have Securitization Exposure in Banking Book and its
Capital Requirement - Bank Acting as Investor
Market Risk
28. Disclosure of Market Risk by Standard Methods
(in IDR million)
31 December 2023 31 December 2022
No. Type of Risk Bank Bank
Capital Charge RWA Capital Charge RWA
(1) (2) (3) (4) (5) (6)
1 Interest Rate Risk
a. Specific Risk 3,149 39,356 2,268 28,348
b. General Risk 188,566 2,357,073 129,386 1,617,330
2 Exchange Rate Risk 57,000 712,495 19,749 246,860
3 Equity Risk - - - -
4 Commodity Risk - - - -
5 Option Risk - - - -
6 CVA 1,766,421 - -
Total 248,714 4,875,344 151,403 1,892,538
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Interest Rate Risk in The Banking Book
29. Risk Management Implementation Report for Interest Rate Risk in
Banking Book (IRRBB)
Qualitative Analysis
1 The Bank measures interest rate risk based on two persepectives, namely the earnings-based persepective and economic value
perspective. The earnings-based perspective measures short term impact (up to 1 year) of interest rate movements against the Bank’s
net interest income. While the economic value perspective measures the sensitivity of interest rate movements against the Bank’s Tier 1
capital net worth in the long term. The referred net worth is the present value of expected cash flow from future assets minus liabilities
cash flow plus off-balance sheet position. To accomodate these two perspectives, the Bank uses NII method which measures net
interest income movements and EVE method to measure economic value of equity movements.
2 As part of IRRBB risk management, the Bank determines Risk Appetite Statement (RAS) and internal limit for IRRBB. Every month, the
results of IRRBB measurement and monitoring on internal limit are informed to the Assets and Liabilities Committee (ALCO) to be
adjusted to the Bank’s strategies and conditions, as well as market conditions if necessary.
3 Every month, the Bank measures the IRRBB (EVE and NII) using the end-of-month position. In measuring IRRBB, the Bank first categorises
the instrument or position of Banking Book sensitive to interest rate, both on balance sheet and commitment contingencies, then, the
Bank projects the cash flows which will undergo adjustment to interest rate in the future of the relevant instrument based on the
interest rate repricing maturities. In determining the repricing maturities, the Bank also takes into account the instruments or positions
with behavioural option, such as Non-Maturity Deposit (NMD), fixed loan interest rate with prepayment risk, and deposit with early
withdrawal risk. Balance sheet and cash flow positions for NMD shall follow the result of calculation of the Bank’s internal model to
Core and Non-Core deposits, by considering the cap as stipulated in the SEOJK No. 12/SEOJK.03/2018. As for the fixed loan interest
rate with prepayment risk and deposit with early withdrawal risk, the Bank shall caculate the required baseline value in the calculation
of prepayment rate and early withdrawal rate as elaborated in point 7 below.
EVE-based measurement uses the run-off balance sheet assumption which assumes all Banking Book instruments on balance sheet
will be fully amortised and will not be replaced with new instruments unless there is a need to fund the remaining balance sheet
components. NII-based measurement uses constant balance sheet assumption which assumes the scale and composition of balance
sheet will be maintained according the conditions of initial calculation by replacing instrument with the similar ones (like-for-like
replacement) over matured assets and liabilities.
4 The Bank uses 6 rate shock scenarios for EVE as stipluated in SEOJK No.12/SEOJK.03/2018. The six scenarios are:
1. Parallel up
2. Parallel down
3. Steepener
4. Flattener
5. Short Rate up
6. Short Rate down
While for NII measurement, the Bank uses 2 interest rate shock scenarios: parallel up dan parallel down.
5 The Bank does not use assumptions that are different from the model assumptions used in the IRRBB measurement report with
standards approach.
6 At present, the Bank does not conduct hedging on IRRBB as risk position or exposure remains within the internal limit.
7 a. The Bank takes commercial margin and other spread components for future cash flows and the discount rate used in the EVE
measurement.
b. Due to its characteristics which is relatively unstable or sensitive to market interest rate changes, the non-core deposit is assumed to
have an overnight interest rate repricing period. Meanwhile for core deposits, the Bank uses internal historical studies to determine
the repricing maturity while still taking into account the caps as regulated in SEOJK No.12/SEOJK.03/2018.
c. The Bank uses the average end-of-month method for the past 1 year in calculating the estimated baseline parameters for fixed
interest rate loan products with the prepayment option. Baseline parameter estimation for deposit products with the early
redemption option is also carried out using the same average end-of-month method/approach for the past 1 year.
d. At present, the Bank has no other additional assumptions for instruments with behavioural option excluded from the measurement,
which have material impacts on EVE and NII.
e. In calculating the IRRBB, the Bank considers currencies considered significant to its balance sheet, namely Rupiah (IDR) and
US Dollar (USD). Meanwhile, other currencies are calculated on a consolidated basis (not calculated separately). In terms of
monitoring the Bank’s internal IRRBB limit, the Bank conducts currency aggregation by adding up interest rate risk exposures from
all currencies, including Rupiah, US Dollar, and other currencies, for each interest rate shock scenario.
8 Based on IRRBB calculation result at the end of December 2023, the Bank observes that interest rate risk exposure in terms of economic
value is still within limit. This can be seen from the ratio of ΔEVE (total currencies) to tier 1 capital of 8.62 per cent. This ratio has
increased by 0.93 per cent. from the end of June 2023 position (7.69 per cent.) due to increase in Sertifikat Rupiah Bank Indonesia (SRBI)
asset by IDR6.5 trillion. The ratio of ΔNII to Projected Income is 37.90 per cent., increased from end of June 2023 position (23.82 per
cent.). ALCO continues to monitor both risk measurement regularly during ALCO monthly meetings.
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Chapter .05
Good Corporate Governance
Interest Rate Risk in The Banking Book
Qualitative Analysis
1 The average repricing maturity period applied for NMD is as follows:
Products Average period of interest rate adjustment (in years)
Retail IDR 2.46
Retail USD 1.50
Wholesale IDR 0.60
Wholesale USD 0.77
2 The longest repricing maturity period implemented for NMD is 3 years.
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30. IRRBB Calculation Report
In Million Rupiah ΔEVE ΔNII
Period December 2023 June 2023 December 2023 June 2023
Parallel up (1,345,910) (1,178,934) (586,666) (370,163)
Parallel down (366,267) (355,824) (148,926) (188,093)
Steepener (23,556) -
Flattener (278,613) (401,111)
Short rate up (862,115) (873,157)
Short rate down (240,483) (213,973)
Negative Maximum Value (absolute) (1,345,910) (1,178,934) (586,666) (370,163)
Tier 1 Capital (for ΔEVE) or Projected
15,615,946 15,333,362 1,548,070 1,554,085
Income (for ΔNII)
Maximum Value divided by Tier 1
Capital (for ΔEVE) or 8.62% 7.69% 37.90% 23.82%
Projected Income (ΔNII)
Currency : IDR
In Million Rupiah ΔEVE ΔNII
Period December 2023 June 2023 December 2023 June 2023
Parallel up (1,344,785) (1,175,863) (558,154) (344,650)
Parallel down - - 37,927 (58,383)
Steepener (3,955) -
Flattener (277,342) (397,822)
Short rate up (860,500) (868,914)
Short rate down - -
Negative Maximum Value (absolute) (1,344,785) (1,175,863) (558,154) (344,650)
Tier 1 Capital (for ΔEVE) or Projected
15,615,946 15,333,362 1,548,070 1,554,085
Income (for ΔNII)
Maximum Value divided by Tier 1
Capital (for ΔEVE) or 8.61% 7.69% 36.05% 22.18%
Projected Income (ΔNII)
Currency : USD
In Million Rupiah ΔEVE ΔNII
Period December 2023 June 2023 December 2023 June 2023
Parallel up - - 12,945 15,357
Parallel down (366,267) (355,824) (189,488) (141,983)
Steepener (19,601) -
Flattener - -
Short rate up - -
Short rate down (240,483) (213,973)
Negative Maximum Value (absolute) (366,267) (355,824) (189,488) (141,983)
Tier 1 Capital (for ΔEVE) or Projected 15,615,946 15,333,362 1,548,070 1,554,085
Income (for ΔNII)
Maximum Value divided by Tier 1 2.35% 2.32% 12.24% 9.14%
Capital (for ΔEVE) or
Projected Income (ΔNII)
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Chapter .05
Good Corporate Governance
Liquidity Coverage Ratio
31. Report on Calculation for Quarterly Liquidity Coverage Ratio
INDIVIDUAL
December 2023
HQLA after haircut
No Components or Outstanding
Outstanding
commitment and
commitment and
liabilities times run-
liabilities/contractual
off rate or contractual
receivables
receivables multiplied
by inflow rate
1 Total data used in LCR calculation 63 Days
HIGH QUALITY LIQUID ASSET (HQLA)
2 Total High Quality Liquid Asset (HQLA) 56,644,277
CASH OUTFLOW
3 Retail deposits and deposits from Micro and Small Business customers, consist 30,230,588 2,264,767
of:
a. Stable Deposit/Funding 15,165,839 758,292
b. Less stable Deposit/Funding 15,064,749 1,506,475
4 Wholesale Funding, consist of: 63,983,626 27,691,848
a. Operational deposit 20,024,692 4,740,193
b. Non operational deposit and/or Other Non Operational liabilities 43,914,722 22,907,443
c. Marketable securities issued by bank (unsecured debt) 44,212 44,212
5 Secured Funding -
6 Other cash outflow (additional requirement), consist of: 34,425,248 1,398,701
a. cash outflow from derivative transaction 128,864 128,864
b. cash outflow from additional liquidity requirement - -
c. cash outflow from liquidation of funding - -
d. cash outflow from disbursement of loan commitment and liquidity facilities 4,938,996 491,847
e. cash outflow from other contractual liabilities related to placement of funds 30,873 30,873
f. cash outflow from other funding related contigencies liabilities 28,809,555 230,156
g. other contractual cash outflow 516,960 516,960
7 TOTAL CASH OUTFLOW - 31,355,315
CASH INFLOW
8 Secured Lending 1,951,719 -
9 Inflows from fully performing exposure 19,816,011 11,155,226
10 Other Cash Inflow 134,777 134,777
11 TOTAL CASH INFLOW 21,902,507 11,290,003
TOTAL ADJUSTED VALUE1
12 TOTAL HQLA 56,644,277
13 TOTAL NET CASH OUTLOWS 20,065,312
14 LCR Ratio (%) 282%
Information:
¹ Adjusted values are calculated after the imposition of a reduction in value (haircut), run-off rate, and inflow rate as well as the
maximum limit for HQLA components, for example the maximum limit for HQLA Level 2B and HQLA Level 2 and the maximum limit of
cash inflows can be taken into account in LCR.
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Liquidity Coverage Ratio
(in IDR million)
Consolidated
September 2023 December 2023 September 2023
HQLA after haircut HQLA after haircut HQLA after haircut
or Outstanding or Outstanding or Outstanding
Outstanding Outstanding Outstanding
commitment and commitment and commitment and
commitment and commitment and commitment and
liabilities times run- liabilities times run- liabilities times run-
liabilities/contractual liabilities/contractual liabilities/contractual
off rate or contractual off rate or contractual off rate or contractual
receivables receivables receivables
receivables multiplied receivables multiplied receivables multiplied
by inflow rate by inflow rate by inflow rate
62 Days 63 Days 62 Days
57,418,529 56,644,277 57,418,528.8
28,049,717 2,104,485 30,230,588 2,264,767 28,049,717 2,104,485
14,009,731 700,487 15,165,839 758,292 14,009,731 700,487
14,039,986 1,403,999 15,064,749 1,506,475 14,039,986 1,403,999
65,055,143 27,652,393 63,983,626 27,691,848 65,055,143 27,652,393
21,014,562 5,001,890 20,024,692 4,740,193 21,014,562 5,001,890
44,029,787 22,639,708 43,914,722 22,907,443 44,029,787 22,639,708
10,794 10,794 44,212 44,212 10,794 10,794
- - -
33,068,319 1,133,023 34,425,248 1,398,701 33,068,319 1,133,023
111,320 111,320 128,864 128,864 111,320 111,320
- - - - - -
9,085 9,085 - - 9,085 9,085
4,735,743 472,153 4,938,996 491,847 4,735,743 472,153
106,608 106,608 30,873 30,873 106,608 106,608
27,930,703 258,996 28,809,555 230,156 27,930,703 258,996
174,861 174,861 516,960 516,960 174,861 174,861
- 30,889,901 31,355,315 30,889,901
876,048 - 1,951,718.87 - 876,048 -
20,036,226 11,799,537 19,816,011.02 11,155,226 20,036,226 11,799,537
95,678 95,678 134,776.62 134,777 95,678 95,678
21,007,953 11,895,215 21,902,506.50 11,290,003 21,007,953 11,895,215
TOTAL ADJUSTED VALUE1 TOTAL ADJUSTED VALUE1 TOTAL ADJUSTED VALUE1
57,418,529 56,644,277 57,418,529
18,985,679 20,065,312 18,994,686
302% 282% 302%
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Chapter .05
Good Corporate Governance
Liquidity Coverage Ratio
Report on Calculation for Quarterly Liquidity Coverage Ratio
Individual Analysis
Liquidity Condition :
• Calculation of the Liquidity Coverage Ratio (LCR) for the fourth quarter of 2023 uses the average daily
position data from October 2023 up to December 2023.
• The fulfillment of the daily average Liquidity Coverage Ratio (LCR) throughout the 4th quarter of 2023 is
282.30 per cent, above the minimum limit of 100 per cent determined by OJK. LCR for 4th quarter of 2023
decreased by 20.13 per cent compared to 3rd quarter of 2023 (302.43 per cent) mostly from increase in
average net cash outflow by 5.69 per cent.
• Based on the current asset perspective, HQLA composition for the 4th quarter of 2023 consists of HQLA
Level 1 (99.83 per cent), HQLA Level 2A (0.15 per cent) and HQLA Level 2B (0.02 per cent). HQLA Level 1 is
comprised of securities issued by central government and Bank Indonesia (68.98 per cent), placements
at Bank Indonesia (24.35 per cent) and the rest is in cash.
• Based on the perspective of cash outflow, composition for 4th quarter of 2023 against total cash outflow
is mainly dominated by corporate customers (88.32 per cent), individual customers and micro, small and
medium enterprises (7.22 per cent) while the rest is from other cash outflow.
• Based on the perspective of cash inflow, composition for 4th quarter of 2023 against total cash inflow
is secured lending from non-financial corporation counterparty (72.74 per cent), financial institution
counterparty (21.44 per cent) while the rest is from other cash inflow.
• Management of assets and liabilities as well as liquidity is determined through the Asset and Liability
Committee (ALCO) meeting and is carried out synergistically by the business supported by a risk
management work unit.
• Bank monitors and manages liquidity risk through liquidity ratios which are monitored daily such as
non-bank deposit reduction ratio, Loan to Deposit Ratio (LDR), Macroprudential Intermediation Ratio
(RIM), Top 20 and 50 Depositors of non-bank customers, top single depositors of non-bank and bank
customers, swap funding ratio and undrawn facility ratio. Bank also conducts liquidity stress test to
assess Bank’s liquidity adequacy in 'bank specific crisis' and 'general market crisis' scenario.
• The projected cash flow uses behavioural modelling to ensure that the cash flows has reflected business
behaviour under normal condition. The behavioural cash flows analysis produces Net Cumulative
Outflow (NCO) gap, which is expected to be faced by the Bank. In addition, the Bank also conducts
periodic monitoring on the stability of core deposits consisting of non-bank stable funds such as current
accounts, deposits, and time deposits by analysing its volatility.
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Liquidity Coverage Ratio
Individual Analysis
• Furthermore, the Contingency Funding Plan (CFP) becomes a crucial component in liquidity management
framework and functions as an extension of operational policies or daily management of the Bank’s
liquidity. The Contingency Funding Plan elaborates the Bank’s necessary action in liquidity crisis, both in
bank-specific or general market. Contingency Funding Plan covers the identification process of liquidity
crisis, determination of responsibility and related management actions in crisis, improving the concerned
area, as well as ensuring that information can be acquired on time to facilitate a quick, timely, and
effective decision making. The difficulty level and details of the plans are adjusted according to the
complexity, risk exposure, activity, product, and the Bank’s organisational structure to determine the
most relevant indicator to be used in managing liquidity and funding risks. In addition, the Bank also
established Liquidity Task Force (LTF) which is responsible to evaluate liquidity position and determine
which action to take during crisis.
Note: LCR numbers are presented after weighted
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Chapter .05
Good Corporate Governance
NSFR
32. NSFR Calculation
September 2023
ASF Component
Carrying Value based on Remaining Maturity
≥ 6 months - <1
Non Maturity¹ < 6 months ≥ 1 year
year
1 Capital : 16,035,993 - - 1,403,123
2 Capital based on POJK KPPM 16,035,993 - - 1,403,123
3 Other Capital Instruments - - - -
4 Deposit from Retail and SME 17,142,683 22,873,581 700,847 24,806
5 Stable deposits 11,004,280 4,304,428 106,125 2,579
6 Less stable deposits 6,138,403 18,569,152 594,722 22,227
7 Deposit from Wholesale 41,318,324 47,119,107 406,592 -
8 Operational deposits 20,560,113 - - -
9 Other Deposit from Corporate 20,758,211 47,119,107 406,592 -
10 Liabilities that have interdependent asset pairs - - - -
11 Liabilities and other equity - - - -
12 NSFR derivative liabilities 1,338,860
13 Equity and other liabilities that do not fall into the - 2,730,766 - -
above categories
14 Total ASF
September 2023
Carrying Value based on Remaining Maturity
RSF Component
≥ 6 months - <1
Non Maturity¹ < 6 months ≥ 1 year
year
15 Total HQLA for the calculation of NSFR
16 Deposits in other financial institutions for - - - -
operational purposes
17 Performing Loans and Securities - 62,903,581 12,711,033 33,037,749
18 To financial institutions that are guaranteed with - 267,780 - 1,545,491
Level 1 HQLA
19 To a guaranteed financial institution not with HQLA - 6,902,385 261,124 1,575,586
Level 1 and a loan to an unsecured financial institution
20 to non-financial corporations, retail customers and - 55,485,278 12,161,980 23,357,543
micro and small business customers, the central
government, the governments of other countries, Bank
Indonesia, central banks of other countries and public
sector entities, including:
21 qualify for a weighted risk of 35% or less, in - - - -
accordance with SE OJK ATMR for Credit Risk
22 Unsecured home mortgage loans, which include: - - - -
23 qualify for a weighted risk of 35% or less, in - 248,138 233,691 5,916,652
accordance with SE OJK ATMR for Credit Risk
24 Securities with Current and Undercurrent (performing) - - 54,238 642,478
categories that are not being pledged, do not default,
and are not included as HQLA, including exchange
traded shares
25 Assets that have interdependent liability pairs - - - -
26 Other assets: - 2,448,025 97,411 4,890,343
27 Physical commodities traded, including gold -
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NSFR
(in IDR million)
December 2023
Total Weighted
Total Weighted Value
Carrying Value based on Remaining Maturity Value
≥ 6 months - <1
Non Maturity¹ < 6 months ≥ 1 year
year
17,439,116 17,514,942 - - 1,475,561 18,990,503
17,439,116 17,514,942 - - 1,475,561 18,990,503
- - - - - -
37,440,948 21,315,565 27,254,041 1,001,695 53,746 45,610,810
14,646,671 14,735,043 4,005,651 117,183 4,724 17,919,707
22,794,276 6,580,522 23,248,390 884,512 49,021 27,691,103
23,698,053 39,590,330 44,696,606 1,398,621 23,388 24,725,324
10,280,056 21,147,138 - - - 10,573,569
13,417,997 18,443,193 44,696,606 1,398,621 23,388 14,151,755
- - - - - -
- - - - - -
1,244,164
- - 3,085,360 509,260 - 254,630
78,578,117 89,581,268
(in IDR million)
December 2023
Carrying Value based on Remaining Maturity
Total Weighted Total Weighted Value
Value ≥ 6 months - <1
Non Maturity¹ < 6 months ≥ 1 year
year
980,235 1,388,685
- - - - - -
53,187,223 - 58,464,865 10,841,280 32,856,703 51,150,828
1,572,269 - - - 1,539,692 1,539,692
2,741,505 - 6,659,042 862,825 914,922 2,345,190
44,213,485 - 51,411,715 9,777,739 23,650,455 42,453,528
- - - - - -
- - - - - -
4,086,738 - 22,390 20,863 6,119,419 3,999,249
573,225 - 371,719 179,853 632,216 813,169
- - - - - -
6,297,328 - 2,376,277 64,847 13,559,927 15,107,844
- - -
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Chapter .05
Good Corporate Governance
NSFR
September 2023
Carrying Value based on Remaining Maturity
RSF Component
≥ 6 months - <1
Non Maturity¹ < 6 months ≥ 1 year
year
28 Cash, securities and other assets recorded as an initial -
margin for derivative contracts and cash or other
assets that are deposited as default funds at central
counterparty (CCP)
29 NSFR derivative assets 1,138,451
30 NSFR liability of derivative before deducting with 66,943
variation margin
31 All other assets that do not fall into the above - 2,448,025 97,411 3,684,949
categories
32 Administrative Account 73,888,009
33 Total RSF
34 Net Stable Funding Ratio (%)
¹ Components reported in the non-term category are components that do not have a contractual period, including:
Permanent (perpetual) capital instruments, short positions, open maturity positions, demand deposits, equity that
are not included in the HQLA and commodity categories
Individual Analysis
• The calculation of the Bank’s NSFR ratio as of December 2023 was 131.55 per cent with a total available stable funding (ASF) was
IDR89.58 trillion and total required stable funding (RSF) was IDR68.10 trillion. The NSFR number is higher than the minimum requirement
(> 100 per cent) regulated by OJK.
• Total available stable fundings (ASF) are mostly from individual retail savings with a total weighted of IDR45.61 trillion or 51 per cent of
the total ASF followed by funding from wholesale customer (28 per cent) and capital (21 per cent). Meanwhile, required stable fundings
(RSF) are mostly comes from current and performing loans as well as marketable securities with a total weighted of IDR51.15 trillion or
75 per cent of total RSF.
• When compared to the position in September 2023 (128.85 per cent), the NSFR ratio as of December 2023 increased by 2.70 per cent.
This increase were due to the increase in ASF by IDR11.00 trillion or 14.00 per cent mostly from stable funding from retail and micro and
small enterprises by IDR8,17 trillion to IDR45,61 trillion.
• With the above calculation of NSFR, the Bank has a sufficient stable funding to fund the Bank’s assets in order to manage its long-term
liquidity risks.
• The management of assets, liabilities, and liquidity are determined through Assets and Libilities Committee (ALCO) meeting and carried
out in synergy by business unit with the support from risk management work unit.
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NSFR
(in IDR million)
December 2023
Carrying Value based on Remaining Maturity
Total Weighted Total Weighted Value
Value ≥ 6 months - <1
Non Maturity¹ < 6 months ≥ 1 year
year
- - -
- 893,208 -
66,943 62,208 62,208
6,230,385 - 2,376,277 64,847 12,604,511 15,045,635
519,688 93,474,052 451,172
60,984,474 68,098,529
128.85% 131.55%
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Chapter .05
Good Corporate Governance
Liquidity Risk
33. Liquidity Risk - Encumbered Asset (ENC)
(in IDR million)
a b c d
Asset placed
or pledged to
Encumbered Unencumbered
Central Bank but Total
Asset Asset
yet to be used to
create liquidity
Cash and Cash Equivalent - - 603,539 603,539
Placement with Bank Indonesia - 11,633,550 - 11,633,550
Marketable Securities (HQLA Level 1) 13,772,858 - 39,504,840 53,277,698
Corporate Bonds (HQLA Level 2a dan 2b) - - 96,047 96,047
Total HQLA 13,772,858 11,633,550 40,204,426 65,610,834
Qualitative Analysis
a. Encumbered assets are Bank assets that can not be used for liquidity needs, both legally or contractually by the Bank under stress conditions.
As of 31 December 2023, encumbered assets of the Bank is IDR13.8 trillion.
b. Asset placed or pledged to Central Bank but yet to be used to create liquidity is placement with Bank Indonesia amounting to IDR11.6 trillion
(position 31 December 2023).
c. Unencumbered assets consist of Cash and Cash Equivalent amounting to IDR603 billion and Marketable Securities (after weighted)
amounting to IDR39.6 trillion (position 31 December 2023).
d. Point b) and c) are HQLA.
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Operational Risk
34. Operational Risk Calculation
(in IDR million)
31 December 2023
No. Approach Used
Business Indicator Business Indicator Component RWA
(1) (2) (3) (4) (5)
1 Standardised Approach 5,164,703 619,764 7,747,054
Total 5,164,703 619,764 7,747,054
(in IDR million)
31 December 2022
No. Approach Used
Gross Income (Average 3
Capital Charge RWA
years last)
(1) (2) (3) (4) (5)
1 Basic Indicator Approach 5,517,052 827,558 10,344,473
Total 5,517,052 827,558 10,344,473
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Chapter .06
Sustainability Report
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Chapter .06
Sustainability
Report
284 About this Sustainability Report
288 Sustainability Highlights
289 Our Approach
310 Drive Growth Sustainably
319 Keep Customers at the Centre
327 Develop Professionals of Principle
335 Uphold Corporate Responsibility
346 POJK 51/POJK.03/2017 Index
354 GRI Content Index
357 Sustainability Accounting Standards Board
(SASB) Standards Index
358 Feedback Form
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Chapter .06
Sustainability Report
About This Sustainability Report
[GRI 2-4, 2-5] [OJK G.1]
This Sustainability Report is one of our means of communication to all stakeholders
regarding the approaches, policies, and activities that have been implemented by UOB
Indonesia to support sustainable growth of the Bank’s business.
The Sustainability Report of PT Bank UOB Indonesia from management at the Head Office and 131 branches
(hereinafter referred to as “UOB Indonesia” or “the throughout the Bank’s operational areas. Meanwhile,
Bank” or “we”) is published as part of the Bank’s Annual financial information comes from Audited Financial
Report. Reports which are audited by the Public Accounting
Firm. [GRI 2-2, 3-1]
As a means of communication to all stakeholders,
the Bank has published the 2023 Sustainability The process of determining contents
Report, which elaborates on the approaches, policies
and activities that have been implemented by UOB of the report [GRI 3-1]
Indonesia in balancing the performance of Economic, The Bank underwent 4 stages of determining material
and Environmental, Social and Governance (ESG) topics with reference to the 8 basic principles of
aspects to ensure positive and sustainable business preparing a sustainability report according to the GRI
growth is achieved. Universal Standards. These stages are described in the
Material Topic Determination Process.
This Sustainability Report describes the development
of business operations in the Bank’s efforts to provide The following are 8 basic principles for preparing a
positive impacts or overcome negative impacts on Sustainability Report according to the GRI Universal
all stakeholders including impacts on social and Standards:
environmental conditions, the mitigation steps we 1. Accuracy
are taking, as well as a presentation of the Bank’s 2. Balance
contribution to the United Nations Sustainable 3. Clarity
Development Goals. 4. Comparability
5. Completeness
Our reporting content is prepared by referring to the 6. Sustainability Context
following guidelines: [GRI 2-3] 7. Timeliness
• Regulation of the Financial Services Authority 8. Verifiability
Regulation (POJK) No. 51/POJK.03 of 2017.
• Circular of the Financial Services Authority Circular This sustainability report has not yet been verified by
(SEOJK) No. 16/POJK.04/2021, section on Technical an external party. However, the attached financial
Guidelines for Preparing Sustainability Reports for statements, which are consolidated from 1 January
Issuers and Public Companies; to 31 December 2023, have been audited by a public
• Global Reporting Initiative (GRI) Standards 2021 by accountant. In this report, we will provide specific
the Global Sustainability Standards Board. details on any changes, restatements, or improvements
made to the data or information submitted in our
Until the end of the reporting period, the Bank did not previous report, along with the reasons for these
have any subsidiaries. The scope of this report includes restatements.
the realisation of the Bank’s sustainability programme.
The information presented is in the form of material
topics that have been determined in accordance with
the GRI Standards, as well as a compilation of data
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Sustainability Highlights
Economic Performance [OJK B.1]
Operating Profit Net Profits Financing for
(IDR Billion) (IDR Billion) Sustainable Business
Activities (POJK 51
Framework)
(IDR Billion)
1,136
951
917
830 16,384
16,082
675
655
15,717
2021 2022 2023 2021 2022 2023 2021 2022 2023
Corporate Income Tax Number of Local Amount Distributed to
(IDR Billion) Vendors Local Vendors
(IDR Billion)
237 2,773
194 197
1,490 1,490
1,467
1,388
1,356
2021 2022 2023 2021 2022 2023 2021 2022 2023
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Chapter .06
Sustainability Report
Sustainability Highlights
Financing for Sustainable Business Activities [FN-CB-240A.1] [FN-CB-240A.2]
Description Unit 2021 2022 2023
Types of products that meet the criteria for sustainable
Unit 4 5 6
business activities
Renewable energy IDR Billion* 1,653 1,871 242
Resource management and sustainable land use IDR Billion* 3,627 2,110 2,219
Products that can reduce resource use and pollution
IDR Billion* 253 651 759
(eco-efficient)
Green Buildings that Meet Nationally, Regionally, or
IDR Billion* 0 0 717
Internationally Recognised Standards or Certifications
Business Activities and/or Other Activities from Other
IDR Billion* 0 421** 1,089
Eco-Friendly Business Activities
Micro, Small, and Medium Enterprises IDR Billion* 10,852 10,664 11,055
Sustainable finance classification POJK 51 IDR Billion* 16,384 15,717 16,082
Sustainable finance classification (UOB Framework) IDR Billion* 409 1,446 2,886
Total Loans IDR Billion* 74,805 85,535 84,023
Sustainable Financing to total loans % 21.9 18.4 19.1
NPL of MSME lending % 6.2 7.3 5.8
* Outstanding as of 31 December 2023
**Revision on 2022 figure is due to changes in tagging and calculation methodology
Financial Inclusion [FN-CB-240a.3] [FN-CB-240a.4]
Description Unit 2021* 2022** 2023
Number of schools visited through outreach* Unit 0 2 6
Number of new student-held accounts Unit 1,085 901 931
New funds in student-held accounts IDR Billion 66 25 35
* Pandemic period.
** new student-held accounts opened in 2022 originated from both virtual and physical general product
programmes.
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Social Performance [OJK B.3]
Employee Composition by Gender
2021 2022 2023
48% 48% 47%
3,282 3,273 4,252
52% 52% 53%
Female | Male Female | Male Female | Male
Composition of the Board of Commissioners and Directors by Gender
Gender 2021 2022 2023
Male 92% 93% 92%
Female 8% 7% 8%
Employee Training
Description Unit 2021 2022 2023
Total trainees for all courses (double-counted if trainees
Unit
attended multiple courses) 93,513 93,127 100,836
Total training hours Hour 218,106 216,654 188,973
Total number of employees trained Unit 3,868 3,687 4,590
Man-days per headcount Man-days 7.1 8.3 5.2
Mandatory e-learning Completion Rate % 100 100 100
New employees Completion Rate % 100 100 100
Refresher Completion Rate % 100 100 100
Community Stewardship Focus Area
Description Unit 2021 2022 2023
Children and Education IDR Million 1,228 1,373 356
Arts IDR Million 1,060 1,060 2,487
COVID-19 Relief IDR Million 1,000 0 0
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Environmental Performance [OJK B.2]
Fuel Consumption Electricity Consumption Scope 1 – Emissions
(Gigajoules) (GWh) (Thousand Tons CO2 eq)
18,674 1.58
18,106 18.10
18.08
17.20 1.34
16,710
1.18
2021 2022 2023 2021 2022 2023 2021 2022 2023
Scope 2 – Emissions Water Consumption Plastic Bottle Procurement
(Thousand Tons CO2 eq) (m3) (Unit)
16,766
14.07 84,784
13.86
14,616
13.27 83,908
80,646
0
2021 2022 2023 2021 2022 2023 2021 2022 2023
Paper Consumption
(Metric Ton)
44.8
39.9
37.9
2021 2022 2023
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290 Sustainability Strategy
299 Sustainability Governance
301 Stakeholder Management
305 Material ESG Factors
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Sustainability Strategy
[GRI 2-22, 2-23, 2-24] [OJK A.1]
In UOB Indonesia, our sustainability strategy is underpinned by our corporate purpose
and mirrors our business approach of balancing growth with responsibility. Our strategy
considers the economic, social, environmental, data privacy and business ethics factors
that influence our decisions and actions, and their impact on our stakeholders. It also
ensures that we remain pragmatic and progressive through managing ESG risks and
opportunities practically and in line with market realities.
Five Guiding Principles
UOB Indonesia’s sustainability programme runs in accordance with the Five Guiding Principles that serve as a
guide on how we mitigate risks and, in turn, optimise opportunities that can materially impact our customers,
colleagues, investors, suppliers and communities wherever we operate.
Forge a Sustainable Future with Our
Customers
Engage our customers proactively to 01
influence their sustainability practices
for greater long-term resilience.
Aligned to Business Strategy and
Stakeholder Interests
02 Stay economically relevant by pursuing
sustainable growth strategies.
Pragmatic and Progressive
Implement sustainability programmes
to manage ESG risks and opportunities 03
sensibly, in line with market and
competitive realities.
Regulatory Compliance as the
Baseline
04 Align our sustainability approach
with ESG policies and guidelines of
governments in our key markets.
Values-driven
Based on our longstanding
and distinct values. 05
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[GRI 2-22, 2-23, 2-24] [OJK A.1]
The Bank’s sustainability strategy is based on the values of: Honourable, Enterprising, United, and Committed.
These values serve as a guide for all employees in implementing policies and operational processes to ensure
the long-term interests of stakeholders are met and the Bank’s performance is maintained.
Our Sustainability Strategy [OJK F.1]
The four pillars of the sustainability strategy stem from UOB Indonesia’s fundamental strengths and are rooted in
the Bank’s values. These four pillars reflect the Bank’s expertise, responsibility, and role in ensuring the benefit of
key stakeholders in the long term. Each pillar determines the goals to be achieved to ensure the implementation
of sustainability strategies in accordance with clear plans and objectives.
1. Drive Growth Sustainably
In driving growth sustainably, the Bank incorporates sustainability risk elements in our approach to
risk management. This includes integrating ESG considerations into our credit evaluation and approval
processes. We offer a range of sustainable solutions that can help our customers make a difference in their
own communities. We are also progressively adopting as well as promoting climate-resilient practices which
will support our customers in their own transition to a low carbon economy. Beyond financing, we continue to
make significant strides in growing our sustainable investing portfolio.
2. Keep Customers at the Centre
As the Bank focuses on doing what is right for customers, we ensure that Fair Dealing principles are entrenched
in all aspects of the Bank’s relationship with them. Keeping their best interests in mind, we harness technology
and use data to make banking simpler, smarter, safer and more intuitive for them. By doing so, we aim to
make banking more accessible and inclusive to individuals and businesses in the communities in which we
operate. Standing by our customers also means that we must protect their data and privacy by maintaining
the security and robustness of our systems and processes.
3. Developing Professionals of Principle
The Bank develops professionals of principle – high-performing teams and individuals who are guided by
the Bank’s values. We embrace diverse strengths and abilities as these enhance our capabilities and enrich
our competitiveness. We equip our colleagues to take on the challenges of tomorrow even as we care for
their welfare and work-life harmony today. We also foster a sense of belonging among our colleagues by
encouraging volunteerism and improving engagement and satisfaction.
4. Uphold Corporate Responsibility
As a responsible financial services provider, the Bank upholds corporate responsibility by maintaining the
best governance standards and risk culture, ensuring compliance with regulations, and protecting the Bank’s
financial system. We remain steadfast in our commitment to promote social development in the areas of art,
children and education. Both in our own operations as well as among our stakeholders, we also actively
encourage and support environmental stewardship efforts. Together, these efforts help us contribute to a
strong and sustainable future for the wider community.
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[GRI 2-22, 2-23, 2-24] [OJK A.1]
Promote United Nations Sustainable Development Goals with our stakeholders
Drive Growth Keep Customers Develop Professionals Uphold Corporate
Sustainably at the Centre of Principle Responsibility
• Contribute economically • Protect customer data • Develop high- • Maintain highest
to the progress of our and privacy through performing teams standards of
communities secure and robust and future-focused governance and risk
systems and practices individuals culture
• Embed environmental, • Ensuring Fair Dealing • Promote work-life • Ensuring regulatory
social and governance harmony compliance
risks in our approach to
risk management
• Integrate social • Create intuitive and • Encourage volunteerism • Protect the financial
and environmental impactful customer and advocacy for social system against abuse
considerations into our experiences and environmental
credit evaluation and causes
approval processes
• Adopt and promote • Make banking • Ensure employee • Incorporate
climate-resilient transactions simpler, engagement and sustainability principles
practices to support smarter and safer satisfaction into our procurement
our customers in their through ethical use of practices
transition to a low- technology and data
carbon economy
• Develop and provide • Make banking more • Ensure workplace • Manage direct
sustainable financing accessible and inclusive health, safety and environmental impact
and sustainable well-being and encourage
investment solutions environmental
stewardship
• Support businesses • Embrace diverse • Champion social
across all stages of abilities and strengths development in art,
growth children, and education
Rooted in our Values - Honourable, Enterprising, United, and Committed
Building a Culture of Sustainability The Institute of Banking and Finance Singapore (IBF)
The Bank implements several programmes specifically that is designed to equip employees with knowledge
to develop a culture of sustainability, including internal and competencies to stay relevant and thrive in an
organisational improvements, establishment and ever-changing environment. Topics covered include
integration of ESG policies in our risk management and digital awareness, fundamental data science, human
approval process, sustainability-related training for centred design, problem solving, and growth mindset.
employees and sustainability education programmes
for the community. The Bank also implements programmes to build
stakeholder awareness to ensure alignment so that
The Bank has developed an ESG strategy which will all stakeholders can support the achievement of both
continue to be refined over time. Employee training is social and environmental sustainability goals. We have
a key conponent of this strategy. Several sustainable implemented several programmes independently or in
finance training programmes for employees that were collaboration with third parties and the government,
implemented in this reporting year include: responsible such as events to support local communities’ financial
financing and online ESG training. In the reporting literacy, UOB Painting of the Year, and recycling waste
year, 80 per cent of employees took part in the Better management in head office.
U programme, an upskilling programme accredited by
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Commitment to Net Zero Our net zero commitment covers six focus sectors
The global call for stronger and coordinated that represent about 60% of our corporate lending
climate action is getting louder and more urgent. portfolio.
Increasingly, countries and companies are pledging
their commitment to net zero emissions, and are These can be grouped into two ecosystems in terms of
setting measurable goals and planning tangible their emissions: energy and the built environment.
actions to support the global transition. We cannot
pass the responsibility to future generations; we must These sectors were selected based on three key
address the transition with urgency today. Meanwhile, considerations:
Southeast Asia, is one of the most vulnerable regions • Significance: The six sectors are among the
to climate change, Southeast Asia is facing stark most material and interconnected in terms of
consequences – rising sea levels, heat waves, droughts decarbonisation efforts. Oil, gas and coal, for
and increasingly severe rainstorms and floods. example, are responsible for more than 73% of
direct emissions globally as the base supply of
UOBI, as a subsidiary of UOB which aspires to be energy. End-users, including power, automotive,
a leading sustainable bank in Southeast Asia and real estate and steel, account for more than 60%
is committed to net zero by 2050, recognises the of the emissions from burning fossil fuels.
substantial impact that financial institutions can have
in catalysing and facilitating decarbonisation, and • Exposure and impact: The six sectors make up the
seek to balance growth with responsibility through majority of our corporate lending portfolio. UOB’s
supporting a just transition. Our efforts go beyond the financing strategy can have near-term impact
reduction of greenhouse gas (GHG) emissions, helping on the power and automotive sectors, where
to ensure that the lives and livelihoods of individuals low-carbon technology is viable but requires
and communities can continue to improve. substantial investment, as well as in the real estate
sector where energy-efficient infrastructure is also
UOB has adopted a pragmatic view and our available. Although emissions in the steel and
commitments are grounded in the realities of construction sectors will be more difficult to abate,
Indonesian market development. We are guided by the transition in these sectors is essential for our
credible scientific approaches in setting our net zero real estate clients in their decarbonisation efforts.
targets, aligning with global net zero models where
possible. This approach is in line with the guidance • Accessibility and availability of methodology
from the Glasgow Financial Alliance for Net Zero and data: Challenges surround data quality
(GFANZ) on how financial institutions should set and availability, and we have chosen sectors in
targets and use sectoral pathways in alignment with which meaningful emissions data is accessible or
the Paris Agreement and the 1.5°C global warming where there is an established data methodology
trajectory outlined by the Intergovernmental Panel on for calculating estimates. Our methodology and
Climate Change. sector coverage will be updated as data quality
improves.
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[GRI 2-22, 2-23, 2-24] [OJK A.1]
Overview of opportunities identified by sector
Ecosystem Sector Opportunities
Energy Work with power generation companies and equipment manufacturers to adopt
decarbonisation targets
Power Increase financing for new renewable energy projects
Work with equipment manufacturers, dealers and automotive financial leasing
companies to support electric vehicle (EV) supply chains
Automotive Increase financing for EV-focused businesses
Work with companies in hard-to-abate sectors to finance renewable energy, low-
emissions fuel alternatives and emissions reduction technologies
Oil and gas
Built Work with property developers, operators, investment companies and real estate
environment investment trusts to encourage adoption of energy efficiency standards for buildings
Real estate Increase financing to support the retrofitting and upgrading of existing buildings with
energy-efficient equipment and installation of renewable energy
Work with contractors and material suppliers to increase financing to green building
construction activities and encourage the increased usage of sustainable building
materials for better life cycle cost and to lower embodied carbon emissions
Construction
Increase financing of on-site renewable energy
Support crude steel and fabricated metal producers and traders towards electric arc
furnace (EAF) production methods and usage of scrap metal
Steel Support research and development of new technologies to improve plant efficiency
UOBI will continue to deepen our understanding of our clients’ decarbonisation journeys, enhance our sustainable
finance products including sector-specific solutions that serve end-to-end needs, and reinforce our ability to
catalyse the transformation of ecosystems through advisory and solutions beyond banking.
Further information regarding UOB’s commitment to achieving net zero is available on https://www.uobgroup.
com/sustainability/sustainable-banking/net-zero-commitment.page
Supporting the United Nations Sustainable Development Goals (UN SDGs)
UOBI’s business plan and sustainable action plan have been tailored to reflect our support for UN SDGs which
demonstrates social and environmental responsibility and support for national economic growth.
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United Nations Global Compact (UNGC)
UOB is also a participant in the UNGC, which is an initiative to encourage companies to align their strategies and
operations with ten principles in the areas of human rights, labour, the environment and anti-corruption, and to
advance progress against the UN SDGs. As a signatory, UOB supports the Ten Principles of the Global Compact:
The Ten Principles | UN Global Compact
Human Rights Principle 1: Businesses should support and respect the protection of internationally
proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
Labour Principle 3: Businesses should uphold the freedom of association and the effective
recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.
Environment Principle 7: Businesses should support a precautionary approach to environmental
challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly
technologies.
Anti-Corruption Principle 10: Businesses should work against corruption in all its forms, including extortion
and bribery.
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[GRI 2-22, 2-23, 2-24] [OJK A.1]
Principles of Sustainable Finance various sustainability programmes, both for the short
[OJK A.1] term (one year) and long term (five years).
UOBI believes in sustainable development that meets
the needs of the present without compromising the To optimise the performance of programmes that focus
livelihood of future generations. The Indonesian on creating sustainable value for stakeholders, the
Government has also started to establish an Bank aligns long-term business strategies with their
environmentally friendly financial institution system as interests. In implementing operational activities, the
mandated in Law No. 32 of 2009 on Environmental Bank strives to provide added value for stakeholders
Protection and Management. by integrating eight principles of sustainable finance
(stated in Regulation of the Financial Service Authority
In addition, the Financial Services Authority (OJK) No. 51 of 2017), including: [OJK A.1]
has issued regulation No. 51/POJK.03/2017 (POJK
51/2017) on the Implementation of Sustainable • Principle of Responsible Investment;
Finance for Financial Services Institutions, Issuers, and • Principle of Sustainable Business Strategy and
Public Companies. Thus, every business in the financial Practice;
sector needs to take steps that can produce a positive • Principle of Social and Environmental Risk
impact on the environment and society and implement Management;
sustainable finance, enabling business development • Principle of Governance;
to have a broad impact on society. • Principle of Informative Communication;
• Principle of Inclusiveness;
The Bank supports the government’s programme • Principles of Strategic Sector Development
to implement sustainable financial principles by Priorities; and
integrating Environmental, Social and Governance • Principle of Coordination and Collaboration.
(ESG) aspects in the Bank’s operational activities. We
adhere to the principle of prudence in running business
Realisation of Bank’s Sustainable
and ensure that credit risk is under control. The Bank
is also committed to mitigating ESG aspects in our Action Programmes
operations and participated in the implementation of As a manifestation of our commitment to supporting
the Indonesian Green Taxonomy pilot project, which the achievement of sustainable development goals,
started in July 2022 and continues to implement the Bank has evaluated and implemented the SAC
Green Taxonomy classification reporting quarterly in for the 2023-2028 period which was formulated by
the Wholesale Banking segment (excluding Business the Board of Directors and approved by the Board of
Banking). Furthermore, the Bank will continue to Commissioners. Various SAC programmes that were
support OJK initiatives pertaining to green taxonomy realised in 2023 are as follows:
in 2024.
Short Term
We have established policies and implemented a. Growing internal bank awareness regarding ESG
sustainable financing to support responsible aspects
sustainable development. We support businesses In 2023, there were communication emails to
in their transition to a more sustainable, low carbon, all employees regarding ESG, including several
energy efficient economy, helping them to stay discussion activities and other collaborative
relevant and competitive for the long term. To help activities to increase understanding of the
simplify access to sustainable financing for companies Bank’s employees regarding ESG. In addition, the
looking to build resilient businesses, we have in place bank launched a mandatory sustainability 101
sustainable finance umbrella frameworks that are e-learning module for all employees. The module
aligned to internationally-recognised standards, provides them with basic understanding of topics
principles and guidelines. across the ESG dimensions, UOB’s sustainability
strategy as well as how they can contribute to our
In accordance with the provisions of Regulation of the sustainability agenda.
Financial Service Authority (OJK) No. 51 of 2017, the
Bank supports the achievement of sustainability goals b. Growing awareness of diversity and inclusion
by preparing a Sustainable Action Plan (SAC) to realise To support an inclusive work environment and
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eliminate discrimination, intimidation and internal stakeholders related to environmental
harassment, as well as provide equal opportunities risk management and facilitated business
for all employees’ development, the Bank requires development through a careful and consistent
all newly joined employees to provide a “Code of approach.
Ethics” declaration. In 2023, 100 per cent have
completed and/or are still within the specified time f. Implementation of Indonesian Green Taxonomy
limit to complete the declaration. (IGT) reporting
The Bank has submitted the IGT report according to
c. Creating a workforce with future skills the directions from the Financial Service Authority
80 per cent of relevant employees of the Bank (OJK) quarterly.
have completed 5 future skills training modules
under our Better U programme. g. Established social programmes focusing on art,
children and education through partnerships,
d. Improved debtor analysis by determining ESG risk employee participation/volunteerism, and
classification corporate philanthropy
• Monitoring of the ESG risk profile portfolio
is conveyed to the management through UOBI empowered the community through a series
meetings or circulation to CPC (Credit Policy of programmes such as UOB Painting of the
Committee) members. Monitoring the follow- Year (POY), UOB Heartbeat and Art Jakarta. The
up and progress of new debtors and existing UOB POY competition provides an opportunity
debtors with identified ESG-related issues to established and emerging Indonesian artists
(for example Proper results or ESG-related to demonstrate their artistic talents and gain
incidents) is carried out on a monthly basis recognition in Southeast Asia. During its thirteen
through CPQM (Credit Portfolio Quality years of existence, UOB POY Indonesia winning
Meeting) meetings as part of the Bank’s watch artists have won the prestigious Southeast Asia
list framework. UOB POY Award six times. We also empower
• The Bank continues to collaborate across the winning artists to teach children through
related work functions to prepare reports on environmental awareness programmes as part of
the classification of the Indonesian Green our educational initiatives.
Taxonomy (IGT) for the Bank’s debtors as
required by the Financial Service Authority that UOB Heartbeat is an annual employee
will be effective in 2024. The Bank has begun engagement programme that encourages
carrying out the pilot phase of reporting trials employees to participate in volunteering activities
on IGT classification for a number of bank that positively impact the community. These
debtors in the Wholesale Banking (excluding activities include assisting disadvantaged or
Business Banking). special needs children with arts education,
• The Bank conducted ESG assessment training digital access, English and financial literacy, and
for relevant industrial sectors in the third storytelling. Additionally, the UOB Heartbeat Run/
quarter of 2023. Walk is conducted in the form of a run/walk to
raise donations for the community.
e. Enhanced credit policies or procedures,
governance and/or SOPs related to ESG risks UOB Indonesia has also established a strategic
in accordance with sustainability principles, in partnership with Art Jakarta, one of the largest art
particular adjustments to provisions related to fair events in Indonesia, since 2016.
IGT from the OJK
• The Bank has enhanced responsible financing As one of the lead partners, UOB Indonesia
policies in oil & gas, thermal coal, animal presented UOB Art Space, a large-sized art
protein, and palm oil sector. exhibition space to showcase and promote the
• The Bank has also established an winning artworks of the UOB POY from Indonesia,
Environmental Risk Management Framework Malaysia, Singapore, Vietnam, and Thailand.
that aims to build a good environmental
risk management system within the Bank,
defined the roles and responsibilities of
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[GRI 2-22, 2-23, 2-24] [OJK A.1]
h. Dissemination and communication to students to Long-Term
boost financial literacy a. Growing internal competencies to support the
In 2023, UOB Indonesia conducted visits to selected Bank’s sustainable growth
schools to promote financial literacy among We develop our employees and equip them with
students. The Bank promoted a culture of saving relevant knowledge and skillsets so that they are
through 6 activities in schools and 7 activities in well-prepared for future challenges. These include
communities and public areas, enabling interaction ESG and digital topics, namely digital awareness,
between parents and children. promotional kiosks fundamental data science, human centered
of the activities are established in malls, offices design, problem solving, and growth mindset.
and markets.
The HR Learning and Development team
i. Minimised environmental pollution by reducing collaborates with Wholesale Banking, Risk
the use of plastic, paper and toner Management, Compliance, Legal, Integrated
To reduce environmental pollution, UOBI stopped Fraud Management, Technology and Operations,
procuring plastic bottled drinking water since and Strategic Communications & Brand to curate,
January 2023. the Bank advocates for employees conduct and facilitate these learning programmes.
to bring their own tumblers for personal use.
Additionally, we provide drinking glasses b. Description of Long Term Duties of the
specifically for customers. Independent Country Sustainability Office (CSO)
[GRI 2-14]
In 2023, we reduced our paper usage by 45 per In mid-2023, the Bank formed the Country
cent and toner usage by 72 per cent, compared to Sustainability Office (CSO) operating under an
usage in 2019. approved sustainability framework that adheres
to local regulation, reporting directly to the
j. Implemented waste management at Head Office Bank’s President Director. The unit takes the role
We implemented a waste separation system at as the central governance hub focusing on 3
our head office building, providing different waste interdependent areas, namely external stakeholder
bins for paper, inorganic and organic waste. management, internal stakeholder management,
Additionally, we engaged a waste management and sustainable business growth and risk
company to manage and optimise waste recycling management. This was followed by the initiatives
at our UOB Plaza and Wahid Hasyim office, below to advance the Bank’s sustainability journey:
reducing the amount of waste that ends up in • Established a Sustainability Working Group
landfills. (SWG) which reports directly to BOD and
consists of leaders from units whose activities
k. Energy Efficiency and Renewable Energy impact ESG.
The Bank purchased Renewable Energy Certificates • Appointed Sustainability champions at
(RECs) from geothermal power plants in Indonesia working level across all UOB Indonesia units.
based on our electricity usage. RECs are obtained • Updated policies and procedures to be in line
annually after electricity usage data for January with the prevailing laws and regulations and
to December is completed. We are also gradually the Bank’s governance structure.
replacing conventional lighting systems in the
head office and branch offices with more efficient
light-emitting diodes (LED) lighting systems.
l. Supporting “green bonds” by becoming a
distribution agent for Savings SUKUK (Islamic
debt papers) products
To support the government’s environmental
conservation programme, the Bank participated
as ST010 selling agent. We also offer customers
green retail bonds as an investment option.
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Sustainability Governance
Sustainability is the responsibility of all UOB employees. As part of our commitment to
sustainable and responsible growth, we identify, assess and manage environmental and
social risks, challenges, impact and opportunities across our value chain. This is carried
out within a robust governance framework, underpinned by policies and guidelines that
define our commitment and guide our approach to conducting business.
UOB Indonesia’s Corporate Governance Principles framework with national priorities set by
encompass a framework designed to ensure Governments and the Regulators;
transparency, accountability, fairness, and • Discussed and set sustainability strategy/action
responsibility in all aspects of the Bank’s operations and financial plan for the next year and the next
and management. All employees are responsible 5 years; and
to uphold these principles as they are crucial for • Reviewed and monitored sustainability action and
maintaining the trust of depositors, investors, and financial performance/realisation.
the wider community. The Bank adheres to strict
regulatory standards and internal policies to manage CSO and SWG are tasked with assessing ESG-related
risks effectively, safeguard stakeholders’ interests, and topics that are relevant to the banking context,
enhance financial performance. identifying risks and opportunities, determining targets
and objectives, reviewing emerging issues, compiling,
The Bank is also committed to fair treatment of all and assessing relevant data, and monitoring the
customers, ensuring the confidentiality and security development of programmes and initiatives related to
of customer information. Through these governance sustainability. The CSO and SWG report performance
practices, the Bank aims to sustain our reputation, and challenges faced directly to the BOD. Members of
ensure long-term success, and contribute positively to the SWG represent the Bank’s business and support
the stability of the financial system. units whose activities have impacts on the environment,
society, and the economy. The CSO works closely with
Policies and Commitments [GRI 3-3] the Wholesale Banking Director, Compliance, Legal
We evaluate and improve our governance approach and Corporate Secretary Director, Finance & Corporate
regularly to ensure that the Bank’s governance is still Services, and members from various functions.
relevant and aligned with best practices and is always
ready to overcome any challenges of change. All UOB Indonesia employees have a responsibility to
comply with and uphold the Sustainability Framework.
The Bank scored a composite rating of 2, an indicative All UOB Indonesia business and support units are
of ‘Good’ in Good Corporate Governance (“GCG”) responsible for assessing ESG issues relevant to their
implementation, by continuing to improve our policies, scope of work and taking appropriate steps to ensure
procedures, processes, and internal systems. that customers and suppliers also meet relevant policy
requirements where applicable.
Sustainability Working Group Governance
[OJK E.1]
In 2023, the Board:
• officially set up an independent Country
Sustainability Office (“CSO”) in Indonesia. The
purpose is to actualise the Bank’s commitment
to net-zero by supporting clients to develop
sustainable business models (environmental
and social), and aligning the Bank’s financing
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Role of the Board Competency Sustainability in
of Directors in Development in Risk Management
Sustainability Sustainability
[GRI 2-14] [OJK E.2] [OJK E.3]
UOB Indonesia’s Board To develop UOB Indonesia’s One of UOB Indonesia’s
of Directors evaluates, internal capacity for main approaches to
monitors and ensures that implementing sustainable sustainable finance is
the implementation of finance, until the period based on the application
sustainability initiatives this report is written, UOB of risk management. We
is in accordance with the Indonesia has implemented identify, analyse impacts or
approved strategy. The various sustainability risks, and establish plans
Board also provides strategic activities, including: and policies to mitigate
direction for sustainability launching training modules every operational activity of
practices. related to Mandatory the Bank.
Responsible Financing
In formulating this workshops, holding AML/ Further information about
sustainability report, the CFT training for money risk management can be
Board of Directors provided laundering prevention, found in the annual report
direction, reviewed, and fraud awareness for fraud in the risk management
approved the reported prevention, anti-bribery for section.
information, including the preventing corruption, fair
determined material ESG dealing for awareness of fair
factors. transactions, IT security for
awareness of information
and cybersecurity, and
mandatory Sustainability 101.
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Stakeholders Management
[GRI 2-29] [POJK E.4]
We regularly seek our stakeholders’ views and expectations through conversations,
collaboration and research. Through continual stakeholder engagement, we are informed
of changing trends, developments and expectations, thereby keeping ourselves open to
possibilities and focused on staying relevant to our stakeholders.
We regularly seek our stakeholders’ views and expectations through conversations, collaboration and research.
Through continual stakeholder engagement, we are informed of changing trends, developments and expectations,
thereby keeping ourselves open to possibilities and focused on staying relevant to our stakeholders.
Stakeholder Groups and Topics of Stakeholder Concerns Mechanism for Fulfilling
Engagement Mechanisms [GRI 3-1] Stakeholder Expectations
Colleagues
• CEO communications to all • Trust and respect; • Upholding an organisational
colleagues on regular and • Regular engagement and culture that is values-based and
topical subject (quarterly, and communication; risk-focused;
as and when appropriate); • Career development, • Ensuring fair and equitable
• Head of Group Human job satisfaction, and opportunities for all colleagues;
Resources communications to appreciation; • Ensuring fair human resources
all colleagues on employee- • Competitive salary and policies and processes;
related initiatives (as and when benefits; • Enabling colleagues to be
appropriate); • Safe working environment; informed and engaged so they
• One-on-one sessions with and can contribute effectively;
managers (regularly); • Balance between social life, • Promoting teamwork and
• Online employee portal with work and sustainability. supporting each other to achieve
informative and social features common goals;
(ongoing); • Encouraging feedback and
• Performance reviews (half- having the courage to express
yearly); opinions;
• Employee engagement survey • Ensuring transparent and
(annually); objective performance
• Town hall meetings (annually), appraisals, as well as
• Training and workshops performance-based rewards and
(ongoing); and recognition;
• ‘Speak Up’ initiative for • Providing training and
colleagues to raise issues development opportunities to
for action and resolution build useful skills in the digital
(ongoing). economy era;
• Supporting employees to choose
their career path;
• Providing flexible working time
arrangements;
• Offering health and wellness
benefits;
• Maintaining a healthy and safe
workplace;
• Enabling colleagues to
contribute to the community
through voluntary initiatives; and
• Creating and maintaining an
inclusive workplace.
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Sustainability Report | Our Approach
Stakeholders Management
[GRI 2-29] [POJK E.4]
Stakeholder Groups and Topics of Stakeholder Concerns Mechanism for Fulfilling
Engagement Mechanisms [GRI 3-1] Stakeholder Expectations
Customers
• Interaction at branches • Competitive fees; • Providing relevant information
(ongoing); • Responsible financial and advice;
• Face-to-face meetings advice; • Providing clear and transparent
(ongoing); • Secure transactions; information to customers so they
• Contact Centre services • Data protection and can make informed financial
(ongoing); privacy; decisions;
• Post-transaction customer • Easy access to products and • Handling customer feedback
surveys (ongoing); services; effectively and in a timely
• Marketing and advertising • Fast service and complaint manner;
campaigns (ongoing); resolution; • Ensuring access to banking
• Website and social media • Business development products and services through
channels and campaigns information; omni-channel channels and an
(ongoing); and • Relevant and timely extensive customer touchpoint
• Events and seminars, including information about products network;
workshops on sustainability (as and services; • Ensuring the strength of
and when appropriate). • After-sales service; monitoring and systems to
• Knowledgeable employees; maintain banking security;
• Service standards in all our • Integrating ESG considerations
interactions with customers; into risk assessment and credit
• Focusing on the needs of decision-making processes;
individual and institutional • Ensuring strong corporate
customers when developing governance and risk culture; and
our products and services; • Implementing responsible
• Ensuring that our financing guidelines.
colleagues are equipped
and committed to act and
provide advice that puts
customers' interests first;
and
• Responsible financing and
investment.
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Stakeholders Management
[GRI 2-29] [POJK E.4]
Stakeholder Groups and Topics of Stakeholder Concerns Mechanism for Fulfilling
Engagement Mechanisms [GRI 3-1] Stakeholder Expectations
Community
• Support of national movements • Inclusive employment • Offering job opportunities to
to build inclusive communities opportunities; local talent;
(ongoing); • Contribution to local job • Prompting strategic investments
• Fundraising events (annually); creation and economic that can spur economic growth
• Regional art competitions growth; and and social development; and
(annually); • Good corporate • Contributing to the community
• Collaborations with customers, responsibility. through corporate social
business partners, arts responsibility programmes that
institutions, social service focus on children, arts, ESG and
organisations and Community education.
Development Councils
(ongoing);
• Arts roadshows and outreach
programmes (as and when
appropriate);
• Education programmes for
children (ongoing);
• Financial literacy programmes
(as an when appropriate);
• Donations in cash or in-kind to
support causes related to art,
children, and education (as and
when appropriate); and
• Employee volunteerism
(ongoing).
Suppliers
• Request for quotations and • Fair vendor selection • Guaranteeing integrity in all
proposals (as and when process; purchasing decisions; and
appropriate); • Code of Ethics; and • Complying with the terms of the
• Vendor briefing (as and when • Timely payments. agreement.
appropriate);
• Purchase agreement (as and
when appropriate ); and
• Performance reviews (annually
prior contract expiry).
Governments and Regulators
• Regular meetings and • Highest standards of • Complying with the prevailing
engagement (as and when corporate governance and laws, regulations and policies,
appropriate); ethical behavior; ethical behavior policies,
• Consultation with regulatory • Prevention of financial fraud including payment of taxes; and
bodies (as and when and money laundering; • Consulting with regulators
appropriate); • Prevention of Terrorism (prevent financial fraud and
• Annual and sustainability Financing (PTF); money laundering by adopting a
reports (annually); and • Maintaining financial proactive approach to engaging
• Audit reports (ongoing). stability; with regulators).
• Responsible tax
management; and
• Support to the local
economy and industry.
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Chapter .06
Sustainability Report | Our Approach
Stakeholders Management
[GRI 2-29] [POJK E.4]
Stakeholder Groups and Topics of Stakeholder Concerns Mechanism for Fulfilling
Engagement Mechanisms [GRI 3-1] Stakeholder Expectations
Investor and Analysts
• Financial reporting and results • Stable and sustainable • Ensuring strong oversight and
briefings (quarterly); growth and profitability; accountability by experienced
• Periodic meetings with rating • Responsible financing and and competent leadership;
agencies (at least once a year); investment; and • Ensuring high standards
• General meetings with • Strong corporate of corporate governance,
shareholders (annually); governance and transparency and information
• Annual and sustainability transparency with timely disclosure;
reports (annually); and disclosure. • Adopting a disciplined and
• Presentations, conferences and measured approach to business
roadshows (ongoing). risks and opportunities;
• Ensuring strong culture,
governance, and risk
management;
• Implementing responsible
financing guidelines; and
• Ensuring accuracy of reporting
and disclosure.
Media
• News releases and media • Timely, current, and • Providing regular statements
statements (ongoing); transparent information; and briefings to update
• In-person and online • Fast and accurate the media and public on
conversations (ongoing); corporate news reporting; our business developments,
• Media briefings and and initiatives and performance;
conferences (as and when • Access to relevant senior • Ensuring prompt and relevant
appropriate); executives for media responses to media inquiries;
• Media interviews (as and when interviews. • Ensuring the availability of our
appropriate); spokespeople for relevant topics;
• Social media platforms and
(ongoing); and • Sharing thought leadership to
• Economic and market research express views regarding various
reports, and white papers (as markets and industries.
and when appropriate).
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Material ESG Factors
[GRI 3-2]
UOB Indonesia’s most significant impacts on the economy, environment and society
are reflected in our material ESG factors. We conduct materiality assessments and
stakeholder consultations on a continual basis to ensure that these material factors are
in context of our operating environment, business and operations, as well as regulatory
and stakeholder expectations.
We conduct materiality assessment exercises and internal reviews continually to identify, review and prioritise the
topics that ensure the success of our business, while also supporting sustainable development. We also analysed
the conditions encountered by UOB Indonesia in the reporting year and concluded that no significant changes
occurred throughout in compared to reporting in the previous year. Furthermore, we also validated and adapted
the analysis of material topics in the parent company to the conditions faced in UOB Indonesia’s operational
scope, by considering the following:
• Identifying stakeholders’ expectations and concerns:
We received feedback from various bank facilities, including the call centre as a data centre for customers
improvements, and the General Meeting of Shareholders (GMS) as a forum for conveying shareholder
expectations;
• Results of discussions and directions from the Board of Directors with the ESG work unit and the Sustainability
Report preparation team.
• Results of identification of developments in banking issues relevant to the sustainability context.
From this adjustment process, UOB Indonesia determined several material factors in the Sustainability Report for
the reporting year as follows [GRI 3-2]:
Important Very Important Critical
Corporate governance
and risk culture Data privacy Regulatory
compliace
Sustainable banking
Information
Fair Dealing
security
Talent development and inclusion
Impact
Workplace safety,
Economic contributions
health and well-being
Direct environmental impact
Community stewardship
Sustainable procurement
Financial inclusion
Importance
Drive Growth Sustainably Keep Customer at the Centre Develop Professionals of Principle Uphold Corporate Responsibility
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Material ESG Factors
[GRI 3-2]
Table of Material Topics, Disclosure, Strategy Objectives and UOB Indonesia Contribution
Material ESG
Factor Priority Strategic Objective Our Contribution 2023
[GRI 3-2]
Drive Growth Sustainably
Economic Very Important • Contribute economically • Distributed payments amounting
contributions to the progress of our to IDR5,162 billion to stakeholders
[GRI 201-1, 202-1, 203- communities such as partners, suppliers,
1, 203-2, 201-3, 207-1] investors, government and local
communities
Sustainable Critical • Embed ESG risk in • Developed a holistic approach to
banking our approach to risk investment that can help customers
management understand the importance and
• Integrate social benefits of having investments and
and environmental responsible financial planning
considerations into our • Distributed total sustainable
credit evaluation and financing of IDR16,082 billion (OJK
approval processes classification)
• Adopt and promote • Distributed total managed funds
climate- resilient of IDR884.2 billion for ESG-focused
practices to support investments
our customers in their
transition to a low
carbon economy
• Develop and provide
sustainable financing
and sustainable
investment solutions
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Material ESG Factors
[GRI 3-2]
Material ESG
Factor Priority Strategic Objective Our Contribution 2023
[GRI 3-2]
Keep Customers at the Centre
Fair dealing Critical • Ensure Fair Dealing • Ensured that Fair Dealing principles
• Create intuitive and are adhered to in all operational
impactful customer activities
experiences • Maintained level of customer
• Make banking simpler, satisfaction
smarter and safer • Enhanced the appearance and
through ethical use of personalised features of the
technology and data UOB TMRW app, with the aim of
providing the best digital banking
services to customers
• Launched Rewards+ as an easy
way for customers to view various
promotions from TMRW and
partners, as well as an easy way to
redeem rewards
• Launched Wealth View to provide
a comprehensive overview of
customers' financial health and
ongoing investments, as well as
UI UX improvements for necessary
improvements in line with UOB's
new branding
Data privacy Critical • Protect customer data • Actively ensured customer’s
[418-2] and privacy through data privacy in accordance
secure and robust with established policies and
systems and practices procedures
• Protect the financial
system against abuse
Financial Important • Make banking more • Actively promoted financial
inclusion accessible and inclusive literacy among students, as well
• Support businesses as provided access to financial
across all stages of products and services
growth • Organised activities/events
in collaboration with experts/
supervisory institutions with the
aim of increasing financial literacy
in customers and the general
public
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Material ESG Factors
[GRI 3-2]
Material ESG
Factor Priority Strategic Objective Our Contribution 2023
[GRI 3-2]
Develop Professionals of Principle
Talent Critical • Develop high- • Supported international
development performing teams and domestic assignments,
and inclusion and future-focused leadership training activities
[401-2, 404-1, individuals (such as Leadership Acceleration
404-2, 404-3] • Ensure employee Programme and Leadership
engagement and Academy)
satisfaction • Achieved engagement score of
• Embrace diverse 93% in employee engagement
abilities and strengths survey
Workplace, Critical • Promote work-life • Ensured the implementation
safety, health harmony of work safety requirements
and well-being • Ensure workplace and procedures by all relevant
[401-3, 403-1] health, safety and well- stakeholders in relevant areas of
being operation
• Implemented facial recognition as
an upgrade to our security access
system in head office (UOB Plaza)
Uphold Corporate Responsibility
Corporate Critical • Maintain highest • Adhered to our Risk Management
governance and standards of Framework on risk culture and
risk culture governance and risk takes ESG risks into consideration
culture
Regulatory Critical • Ensure regulatory • Adhered to the Bank’s framework,
compliance compliance policies and procedures on
[205-2, 205-3] • Protect the financial regulatory compliance risk.
system against abuse • Ensured all new and existing
employees have completed
training and refreshers on various
compliance-related topics
Information Critical • Protect customer data • Focused on our responsibility
security and privacy through to protect the Bank’s data and
[418-1] secure and robust safeguard the information
systems and practices entrusted to us by our customers
• Make banking simpler, in our annual Cybersecurity
smarter and safer Awareness month
through ethical use of
technology and data
• Protect the financial
system against abuse
Direct Very Important • Manage direct • Maintained carbon neutrality for
environmental environmental impact our carbon emission Scope 1, Scope
impact and encourage 2 and Scope 3 (business air travel)
[302-1, 303-3, 304-1, environmental • Continued our efforts to use
305-1, 305-2, 306-4] stewardship resources efficiently to reduce the
impact on the environment
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Material ESG Factors
[GRI 3-2]
Material ESG
Factor Priority Strategic Objective Our Contribution 2023
[GRI 3-2]
Sustainable Important • Incorporate • For key suppliers and other
procurement sustainability principles suppliers, the Bank started to put
into our procurement in place Supplier Sustainability
practices Principles to ensure suppliers’
commitment to comply with the
Bank’s ESG requirements
Community Very Important • Champion social • Achieved a total of 2,966 employee
stewardship development in art, volunteers in 2023; an increase of
[413-1] children and education 16% from 2022
• Encourage volunteerism • Clocked in 8,735 volunteering hours
and advocacy for social in 2023; an increase of 14% from
and environmental 2022
causes • Launched a new initiative to
• Encourage provide sign language classes for
environmental employees to promote inclusion
stewardship for the community with impaired
hearing
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Chapter .06
Sustainability Report
Drive Growth
Sustainably
311 Economic Contributions
313 Sustainable Banking
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Economic Contributions
[Gri 201-1]
UOB Indonesia recognises that the economic value we create and distribute has the
potential to impact the national economy and society at large. With a network spanning
across 44 cities in Indonesia and 131 branches, we contribute to the wider economy by
creating jobs for employees, sourcing from suppliers of products and services, supporting
local communities, promoting inclusive financing, and paying taxes to governments and
dividends to shareholders.
UOB Indonesia generates economic value by distributing it to stakeholders in various forms, such as business
income for shareholders, salaries and benefits for employees, tax payments to the government, and the value
of collaboration with business partners, including local partners. Furthermore, UOB Indonesia has actively
contributed to the advancement of social community development by fulfilling our social responsibility role.
UOB Indonesia has also successfully created employment opportunities for the local community residing in the
vicinity of our operational areas.
Policies and Commitments [GRI 3-3]
To create long-term value for all our stakeholders, we have frameworks, policies, guidelines and procedures in
place to ensure that we remain responsible and disciplined in how we drive growth.
Among these is our approach to responsible tax management. We are committed to complying with the prevailing
Indonesian tax laws and regulations.
Implementation of Policies and Commitments
Net interest income, operating income, and non-operating income are metrics that indicate UOB Indonesia’s
economic performance. We generate economic value that is distributed to various stakeholders through tax
payments to the government, employee salaries, benefits, and pension programmes, donations to local charities,
and expenditures for the acquisition of products and services totaling IDR5,162 billion in 2023.
Economic Performance [OJK F.2]
(in billion Rupiah)
Description 2021* 2022* 2023
Total Assets (IDR) 121,395 138,276 162,546
Loans portfolio (IDR) 74,805 85,535 84,023
Deposits from Customers (IDR) 100,033 113,917 119,283
Net Profit (IDR) 655 951 675
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Economic Contributions
[Gri 201-1]
Description 2021* 2022* 2023
Performance Ratio (%)
Minimum Capital Adequacy Ratio (CAR) 17.98% 16.57% 18.32%
Gross Non-Performing Loans 3.51% 2.98% 2.58%
Net Non-Performing Loans 2.22% 1.73% 1.39%
Return on Assets (ROA) 0.71% 0.84% 0.61%
Return on Equity (ROE) 4.68% 6.70% 4.44%
Net Interest Margin (NIM) 3.81% 3.98% 3.85%
Operating Expenses to Operating Income 90.19% 87.74% 92.31%
Loan to Deposit Ratio 74.78% 73.18% 69.92%
*Revisions on 2021 and 2022 figures are due to changes in tagging and calculation methodology
Economic Value Generated and Distributed [GRI 2-6, 201-1]
(in billion Rupiah)
Description 2021 2022 2023
Interest income - net 4,433 5,140 5,357
Other operating income - net 1,339 1,396 1,374
Non-operating income - net 19 12 (5)
Salary and benefit 2,040 2,038 2,386
Corporate income tax 194 197 237
Number of local vendors 1,388 1,490 1,467
Amount distributed to local vendors 1,356 1,490 2,773
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Sustainable Banking
[FN-CB-410a.2] [FN-CB-550a.2]
UOB Indonesia is committed to helping businesses advance responsibly and enabling
sustainable lifestyles through the provision of sustainable banking products, from
financing to investments. This enables us to support our customers in the transition to a
net zero economy and in turn, improve the resilience of our portfolio.
Responsible Financing In 2023, we further enhanced our sector-specific
UOB Indonesia acknowledges its significant role positions in the following sector:
in influencing customer behavior and promoting • Palm Oil
sustainable development through its financing We will not provide financing to companies
practices. We support our customers across various involved in deforestation in their palm oil plantation
segments that prioritise the responsible utilisation operations, i.e. conversions of high conservation
of natural resources, innovation in renewable energy value (HCV) forests, high carbon stock (HCS) forests
consumption, and other sustainability-related and primary forests. We require our customers to
initiatives. demonstrate alignment to No Deforestation, No
Peat and No Exploitation (NDPE) policies.
Policies and Commitments [GRI 3-3]
UOB Indonesia established a Responsible Financing Furthermore, we also provide an ESG checklist to assist
Policy based on sector characteristics and integrated our relationship managers in identifying, assessing,
it into our credit evaluation and approval processes and reviewing ESG risks of our customers.
for all borrowing customers of Wholesale Banking
(excluding Business Banking) and the Bank’s capital Borrowers in industries classified as sensitive to ESG
market underwriting activities. UOB Indonesia also are subject to enhanced due diligence based on
engages in portfolio monitoring to assess the ESG sectoral policies:
risk profile in order to promote responsible financing. • Agriculture;
Each prospective borrower undergoes a feasibility • Forestry;
assessment to verify that their profile and loan • Metals and mining;
objectives do not contradict sustainable principles. • Chemical;
Our sector policies set out the Bank’s mandatory ESG • Energy;
requirements and recommendations for our clients, • Infrastructure; and
such as: • Waste management.
• Oil and gas (O&G)
We commit to no new project financing for UOB Indonesia adopts the Equator Principles into
upstream O&G projects approved for development our lending policy. The Equator Principles guidelines
after 2022. were published through Circular No. 22/RMG/0002
• Thermal coal on February 11, 2022. These guidelines are part of the
We commit to exit financing for the thermal coal risk management framework that provides guidance
sector by 2039. on the implementation of the Equator Principles,
• Animal protein including the Equator Principle applicability screening,
We will not provide financing to companies environmental and social review processes, and credit
involved in requirements (covenants) that must be met. The ESG
- fishing with the use of explosives or cyanide; clauses of borrowers are evaluated as part of the
and Credit Approval document prior to being added to the
- conducting illegal, unreported and Credit Facility Agreement.
unregulated (IUU) fishing or using vessels
known to have conducted IUU fishing. Policies and Commitments Implementation
UOB Indonesia performed an annual review on
Equator Principles guidelines in December 2023 and
circulated the reviewed guidelines to key stakeholders.
Additionally, the Credit Policy Committee (CPC) conducts
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Sustainable Banking
[FN-CB-410a.2] [FN-CB-550a.2]
a review related to the ESG checklist in conjunction with classification reporting quarterly in Wholesale Banking
the review of the Responsible Financing embedded in segment (excluding Business Banking). Furthermore,
General Credit Policy in June 2023 and December 2023. the Bank will continue to support OJK initiatives
pertaining to green taxonomy in 2024. The Bank’s
UOB Indonesia continuously organises cooperation financing procedures have a significant role in shaping
between related functions in terms of applying responsible actions among customers, hence fostering
the classification of the Bank’s borrowers into the long-term sustainable development.
Indonesian Green Taxonomy (THI) category and its
reporting based on the applicable OJK guidelines. Policies and Commitments Implementation
The implementation of all policies pertaining to the
Portfolio monitoring related to the ESG risk profile banking sector’s support for climate change mitigation
is reported to management through meetings or has been successful. In 2023, UOB Indonesia has
circulated to the CPC members on monthly basis. sustainable business activities amounted to IDR16,082
Monitoring of both new and existing borrowers billion classified under POJK 51 Sustainable Financing
identified with ESG-related issues (for example, PROPER framework.
results or ESG-related incidents) as part of the Bank’s
Watch List framework, is carried out on monthly basis Sustainable Financing
through the Credit Portfolio Quality Meeting (CPQM).
Supporting Businesses to Drive Sustainable
Development [GRI 203-1, 203-2]
UOB Indonesia actively promotes sustainable growth
Mitigating Climate Change Risk [GRI 2-25] by supporting our customers on their sustainability
journey.
Global warming has become a major concern for
the world community, given its impact on economic, UOB Indonesia not only promotes environmentally
social, and environmental aspects that can affect friendly business practices through provision of
human life. Similarly, Indonesia, having ratified the sustainable financing but also provides assistance
Paris Agreement, has expressed its commitment to for the growth of small and medium-sized enterprises
reducing greenhouse gas (GHG) emissions by issuing (SMEs). We play a fundamental role in supporting
the Indonesian Green Taxonomy 1.0. our clients:
• seize new revenue streams and growth
In practice, the Green Taxonomy is a classification opportunities;
system that categorises a sustainable economic • be rewarded by various stakeholders such as
activities into groups. This classification is based policy-makers, investors and consumers for their
on business activities that support environmental sustainability efforts; and
conservation efforts as well as climate change • benefit from an enhanced long-term reputation.
mitigation and adaptation. With our capacity, competence, experience, and
partnerships in our business ecosystem, UOB Indonesia
Policies and Commitments [GRI 3-3] is positioned to assist customers throughout their
To support the management of climate related risks, transformation journey.
UOB Indonesia carries out specific risk assessments,
particularly focusing on environmental implications, Policies and Commitments
as part of our commitment to responsible financing. UOB Indonesia integrates sustainability into all our
UOB Indonesia promotes the financing of business financing decisions to generate a positive impact
operations that are environmentally sustainable, and reduce potential negative impacts on society
including climate change mitigation, renewable and the environmental ecosystem. We align our
energy, and eco-friendly mobility. sustainable financing framework and procedures with
internationally recognised standards and principles.
UOB Indonesia participated in the Indonesian Green
Taxonomy pilot project, which commenced in July
2022 and continues to implement Green Taxonomy
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Sustainable Banking
[FN-CB-410a.2] [FN-CB-550a.2]
Covers both green and sustainability-linked financing for global real estate
financing across eight asset classes:
Data Centres Hospitals
Sustainable Finance Hotels Residential
Framework for Green
Building Developers Industrial Retail
and Owners
Restaurants Offices
Supports companies contributing to the creation of sustainable and smart
cities through the following:
Water
Renewable Energy Management
Green Building Waste
Smart City Sustainable Comstruction Management
Financing Framework Energy Efficiency Green Transport
Climate Change
Adaptation
Supports companies in the 3Rs (renew, reuse and reduce) businesses.
Potential applications:
Plastics Recycling Circular Designs
Metals Recycling
Green Financing Electronics
for Circular Economy Recycling
Product as a
Service
Supports the needs of companies for shorter term financing (<1 year) using a
‘principles-based’ approach.
Eligibility:
Pure-play green companies or
Sustainable green projects
Trade Finance and
Working Capital Companies with recognised,
sustainable industry certifications
Supports the transition of the energy-intensive, fossil fuels/brown sectors and
hard-to-abate sectors.
Oil, Gas & Carbon Capture
Chemicals and Storage
Transportation (CCS)/Carbon
and Logistics Capture,Utilisation
Transition Finance and Storage
Fossil Fuels
Framework (CCUS)
Power Generation
Carbon Credits/
Metals & Mining
Offsets
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Sustainable Banking
[FN-CB-410a.2] [FN-CB-550a.2]
Policies and Commitments Implementation
In 2023, UOB Indonesia provided financial support for sustainable business activities, disbursing a total amount
of:
1. Based on the OJK framework: IDR16,082 billion
2. Based on the UOB framework: IDR2,886 billion
Sustainable Finance Portfolio (POJK 51) in IDR Billion
2021 2022 2023
16,384 15,717 16,082
Renewable Energy
Management of Biological Natural Resources and Utilisation
Products that can Reduce Resource Use and Generate Less Pollution (Eco-efficient)
Environmentally Friendly Buildings that Meet Standards or Certifications Recognised Nationally, Regionally, or Internationally
Business Activities and/or Other Activities from Other Environmentally Friendly Business Activities
Micro, Small, and Medium Enterprises (MSMEs)
Categories of Sustainable Business Activities 2021* 2022* 2023*
Renewable energy 1,653 1,871 242
Management of biological natural resources and
3,627 2,110 2,219
sustainable land use
Products that can reduce resource use and produce less
253 651 759
pollution (eco-efficient)
Environmentally Friendly Buildings that Meet Standards
or Certifications Recognised Nationally, Regionally, or - - 717
Internationally
Business Activities and/or Other Activities from Other
- 421** 1,089
Environmentally Friendly Business Activities
MSME activities 10,852 10,664 11,055
*in IDR Billion outstanding as of 31 December 2023
**Revision on 2022 figure is due to changes in tagging and calculation methodology
UOB Indonesia acknowledges that its business partners must adopt a sustainable business approach by
adjusting their policies, technology, expenses, and human resource capabilities. Consequently, we persist in
delivering excellent services and advice to assist customers in integrating sustainability into their business.
UOB Indonesia has not received any complaints from our customers and we have not recorded any negative
affects resulting from the implementation of policies and processes relating to sustainable financing.
316 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Sustainable Banking
[FN-CB-410a.2] [FN-CB-550a.2]
UOB Indonesia X PT Putragaya Wahana in Financing Green Building Projects
Autograph Tower is a green building developed by PT Putragaya Wahana (PGW), a project that is financed
by UOBI. PGW’s sustainable strategy and policies are clearly demonstrated in the sustainable construction
of Autograph Tower which is aligned with UOB Indonesia’s support and commitment to drive sustainable
economy. Being the tallest building in Southern Hemisphere, it houses luxury offices, hotels, F&B, sky walks,
sky garden, observatory deck and other retail uses. It also offers green open zone, vertical garden and
bicycle parking.
The Autograph Tower (excluding the Waldorf Astoria Hotel) has obtained a BCA Green mark Platinum
certification due to the environmentally-friendly materials used, robust water management in place,
minimising waste during construction. The architecture features and designs to keep room temperature
at a level that optimises energy
efficiency.
PGW has actively engaged in
social responsibility actions which
include, among others, relocating
street food vendors managed
by local residents and relocating
casual motorcycles managed
by local residents to improve
the street-level quality of life for
residents, visitors and passers-by.
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Chapter .06
Sustainability Report | Drive Growth Sustainably
Sustainable Banking
[FN-CB-410a.2] [FN-CB-550a.2]
Sustainable Investment
Investments in portfolios that adhere to ESG criteria are gaining popularity due to increased public awareness
of sustainable businesses and investment practices. UOB Indonesia provides guidance on financial planning
and investment options that are aligned with customers’ goals and characteristics. The Bank provides customers
solutions and promotes solid and sustainable long-term investments.
Policies and Commitments [GRI 3-3]
UOB Indonesia is committed to assisting regulators and actively engaging in the issuance of green bonds. Our
Wealth Management unit will actively boost the distribution of SUKUK Savings products and ESG-related mutual
funds by conducting customer awareness campaigns about government green project financing. This initiative
aims to motivate customers to invest and participate in supporting goverment’s initiatives on sustainability.
We provide a comprehensive end-to-end approach to assist and guide customers in understanding the
importance of having financial and investment planning, including prudent product selection in their portfolios
based on risk level and financial goals.
• A risk-first approach to help customers understand any investment risks prior to understanding the potential
returns;
• A Core and Tactical portfolio approach provides clear guidance on allocation and product selection, tailored
to each customer’s profile and needs; and
• The VTAR approach establishes a clear and sensible assessment of our tactical portfolio allocation based on
current and expected valuations, trends, activities, and potential risks.
One of our objective is to establish ourselves as a key player in the wealth management business in Indonesia in
terms of assets under management (AUM) and the number of investors. To achieve this, we developed 3Ps:
• People
Having principled and responsible advisors/relationship managers to educate and correctly advise our
customers;
• Products
Developing and offering responsible products and services to help our customers achieve their goals; and
• Portfolio
Assisting customers in forming well-diversified portfolios across all segments and types of products.
Policies and Commitments Implementation
In 2023, AUM in ESG-focused wealth products increased by 123 per cent year-on-year to IDR884 billion. This
portfolio increase was primarily contributed by the rise in the ESG-based Sukuk Savings Fund ST010 portfolio,
followed by the BNP Paribas Sri Kehati portfolio.
318 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Keep
Customers
at Centre
320 Fair Dealing
324 Data Privacy
325 Financial Inclusion
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Chapter .06
Sustainability Report | Keep Customers at Centre
Fair Dealing
At UOB Indonesia, we put our customers first and it is on this foundation that we have
built our business and will continue to grow. What is not right for our customers is not
right for us. Fair Dealing is at the heart of every decision and recommendation that we
make at UOB. Through our omni-channel approach, we seek to meet our customers’
diverse needs, using advanced technologies on data analytics, to gain better insights
into their preferences and provide highly personalised solutions. By actively engaging
our customers, we continue to create positive experiences, foster deeper trust with them
and remain relevant and competitive.
The Bank has SKDIR Policy No. 23/SKDIR/0033 activities have been fully evaluated and supervised
regarding Financial Advisory Services and Investment by the Financial Services Authority (OJK) and Bank
Product Sales and SKDIR No. 22/SKDIR/0063 regarding Indonesia (BI). The Bank reduces negative impacts on
the Compensation Review Panel with the goal to review customers through comprehensive risk management,
complaints related to investment/insurance products by identifying, measuring, and mitigating any existing
and provide fair compensation to customers. The Bank risks from the outset. [OJK F.28, F.29, F.30]
is also committed to always treating customers fairly
based on principles of integrity, ethics, professionalism, Throughout 2023, there were no UOB Indonesia
trust, and mutual respect. To support the realisation of products that violated provisions and regulations, nor
these commitments and policies, the Bank undertakes were there any products recalled from the market.
the following:
• Conducting Breakthrough Service training for Customer Experience
senior management, managers, front-liners,
and back-office employees as a preparation for Digital Banking [OJK F. 26]
colleagues to gain skills in turning customer pain UOB Indonesia launched Tomorrow (“TMRW”) in
points into opportunities and creating significant 2020, a mobile application that offers a specialised
added value for the business; and digital banking service tailored to meet the financial
• Making integrity, trust, and respect essential needs and preferences of the tech-savvy generation in
elements of Fair Dealing as reflected in the Indonesia. The TMRW digital mobile services is the first
development of all products and services. app-based digital service in Indonesia.
UOB Indonesia ensures that Fair Dealing is embedded The launch of TMRW aligns with the Bank’s strategy
in the company culture through: to provide a more personal customer experience by
• Offering products and services that meet customer leveraging the latest technology, thereby establishing
needs; a sustainable business model for UOB Indonesia.
• Ensuring marketing personnel have competence TMRW is a data-driven platform that transforms the
in providing appropriate advice and conventional banking model to be more streamlined,
recommendations and providing clear, relevant, transparent, and attractive to customers. It is
and timely information to ensure that customers specifically designed to cater to all phases of the
can make accurate financial decisions; and customer life cycle.
• Handling customer complaints independently,
effectively, and promptly. TMRW enables the Bank to acquire and cater to a
substantial customer base in Indonesia that values
The Bank maintains customer data security and digital accessibility. This complements the Bank’s omni-
safeguards customer interests by ensuring that all its channel approach by providing customers with digital
operations comply with relevant laws and regulations, touch points to serve a broader and more complex
particularly in the banking sector. Each product is financial needs, including savings accounts, loans, and
equipped with detailed and transparent information, credit cards.
ensuring that customers are fully cognisant of each
term and its ramifications when conducting banking
transactions. All UOB Indonesia products and
320 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Fair Dealing
As customers utilise TMRW with more frequency, These innovations are part of continuous efforts to
TMRW will progressively perceive their objectives and ensure the seamless customer experience at UOB
needs due to its ability to convert transaction data TMRW. These efforts are also accompanied by several
into practical insights, hence enhancing their banking other initiatives, including the release of new features
experience more enjoyable and engaging. To ensure a and capabilities such as Loyalty and Rewards, payment
satisfactory and 24/7 customers’ experience, TMRW is with points, and Wealth Portfolio View.
equipped with a chatbot named TIA (TMRW Intelligent
Assistant), which has an interface that is inspired As a result, the Bank recorded a 40 per cent increase in
by popular messaging applications. TIA facilitates new CASA TMRW customers, with a 22 per cent growth
customer communication and seamlessly connects in third-party funds. In addition, TMRW has received
them with human assistants within the TMRW app, various awards, including from Infobank (Bank with
eliminating the need to exit or transfer platforms. TIA the Best Digital Service), International Finance (Most
provides prompt responses and effective solutions for Innovative Digital Bank and Best Mobile Banking App),
customers. The Iconomics (Best Brand Image), and the Digital
Banking Awards 2023 (Best in Data Dimension for 3
Digital Banking Service Innovations 2023 KBMI Banks).
In 2023, UOB Indonesia updated the TMRW app to
UOB TMRW with a new interface and features that Enhancing Customer Experience and
provide the best digital banking services to customers. Satisfactions
These improvements also enhance the digital customer Customers are the core of the Bank’s business. Through
experience through: active engagement and attentive listening, the Bank
• The launch of Rewards+ as customer access to can enhance its ability to meet customers’ requirements
view offers from UOB and its partners, and an easy and foster lasting relationships. In order to understand,
way to redeem customer reward points. be aware of, and meet the needs of customers, the
• The launch of the Wealth menu to provide an Bank not only provides comprehensive, accurate, and
overall view of the customer’s portfolio, including excellent services through an omni-channel approach,
ongoing investments. but also develops a service-oriented culture to deliver
the utmost service to its customers. The Bank’s service
Furthermore, UOB Indonesia has been acquiring new to its customers has been governed by its culture and
TMRW customers through various initiatives during the values, specifically Honourable, Enterprising, United,
year: and Committed. [GRI 3-3]
• Establishing partnerships with various entities
from online transportation, e-commerce, and
online travel, conducting marketing campaigns
through placements in conventional and online
media, and acquiring new customers from various
communities;
• Implementing a digital marketing strategy utilising
employee and customer referral programme;
• Developing attractive bundling products (Savings
with TMRW Credit Card and TMRW Pay) that offer
various special promotions for Credit Card and
TMRW Pay customers;
• Developing a comprehensive partnership base
with more than 150 billers and over 50 partner
merchants; and
• Launching a mobile version of infinity.
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Chapter .06
Sustainability Report | Keep Customers at Centre
Fair Dealing
In addition to implementing cultures and values, UOB
Honourable: Treat customers
Indonesia holds an annual Customer Commitments
Fairly
Awards Ceremony to honour employees who have
We ensure we maintain the highest led and set examples in fulfilling commitments to
professional and moral standards customers. This ensures that UOB Indonesia employees
in all our dealings with customers. continue to provide excellent service to customers.
We have uncompromising In 2023, the Bank awarded four winners in individual
discipline, clarity, and bravery to categories and three winners in group categories.
do what is right for customers
and every decision is made in our Enhancing Customer Satisfaction and
customers’ best interests. Advocacy [OJK F. 30]
Enterprising: Provide customers Assessment and evaluation of customer satisfaction
with the Right Solution are crucial for improving the Bank’s service and
future business growth. The Bank strives to acquire
We connect customers with
objective assessments from customers through the Net
solutions that make the most out of
Promoter Score (NPS) survey method, which remains
their experiences with us. Working
a recognised benchmark for global satisfaction and
together with customers, we provide
loyalty. The Bank employs NPS surveys across all its
expert tools, knowledgeable
business lines and products. NPS serves as a means
guidance, and clear direction to
for the Bank to measure the extent to which customers
help them manage their day-to-day
would recommend the Bank’s brand, products, or
and future requirements, however
services to others.
complex their needs.
UOB Indonesia conducted another customer
United: Know customers
satisfaction and loyalty survey in 2023, which was
Personally
carried out by Greenwich Associates and Bain &
The value we place on relationships Company, a global strategic consulting and research
is reflected in our desire to make firm. The survey involved customers from Wholesale
every experience a personalised Banking, Global Markets and Consumer Banking
one for each customer. By segments, which are three of UOB Indonesia’s targeted
anticipating customers’ needs segments, with NPS results increasing year over year.
and understanding customers
better with every interaction, The Bank interacted with customers through email, text
learning customers’ preferences, messages and phone calls, particularly in interacting
and knowing what matters to through one of thirteen touchpoints, as follows:
customers, we make customers’ • Credit card applications;
experience feel it is all about them. • Mortgage loan applications;
Committed: Be There when it • Wealth Banking on-boarding;
Matters • Privilege Banking on-boarding;
We are dedicated to stand by our • Mass market account opening,
customers’ side, celebrate their • Business Banking account opening;
achievements, and be present in • Credit card reward redemption,
their future, in good and in bad • Contact centre service;
times. We provide customers with • Investment and Insurance Personal Financial
personal guidance, backed by a Services,
seamless and consistent delivery • Investment and Insurance survey for Personal
built around customers’ ambitions Financial Services, Business Banking, Commercial
and to be relevant in customers’ Banking and Global Market; and
lives. • Problem resolution.
322 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Fair Dealing
Apart from conducting customer satisfaction and The Bank handles customer complaints prudently,
loyalty surveys, UOB Indonesia continues to carry out using appropriate complaint handling procedures that
regular survey and benchmarking activities. In 2023, allow for fast and accurate resolution. As a reliable
UOB Indonesia conducted a voice of customer survey and trustworthy financial institution, UOB Indonesia
for TMRW and Mortgage Loan customers. The purpose provides the following customer complaint handling
of this survey was to evaluate the Bank’s performance channels:
and services, benchmark them against other banking • Customer Service
industries, and identify potential enhancements • Contact Centre 14008
or innovations. The surveys and benchmarking are • Email: UOBcare@uob.co.id
essential for UOB Indonesia to maintain high quality • Digital Bank TMRW
standards and adapt to evolving customer needs and • Social Media (Instagram, Facebook, Youtube)
banking industry dynamics. Hence, UOB Indonesia • Printed and online media
could further enhance its competitiveness and deliver • Regulator Contact Center (OJK and BI)
excellent service to its customers. • LAPS SJK, which can assist the public if there are
mediated issues.
In 2023, the Bank also conducted service huddles
at branch and head offices, as well as internal NPS Customer Complaints
surveys to improve customer service quality. Through 2021 2022 2023
and Resolution
service huddles, the Bank encourages colleagues
from all business lines to provide ideas to improve Complaints/grievances 6,220 6,017 8,718
the Bank’s customer experience. Benchmark surveys Undergoing resolution
247 455 1,590
provide information that allows the Bank to expedite process
and simplify the account opening process. All bank Complaints resolved 5,973 5,562 7,128
branch security officers have also been trained to direct
Ratio (per cent) 96.0 92.4 81.8
customers to the appropriate branch representative.
With the increase in transactions and the portfolio of
The results from these surveys form the basis for
UOB credit cards, customer complaints (particularly
implementing various follow-ups, such as process
credit card complaints) also increased in 2023, yet this
improvements, product and service development,
situation was still well managed. This is evident from
and marketing strategy adjustments. Additionally,
the increase in the number of complaints undergoing
feedback from the surveys can be used to enhance
resolution process to be resolved within the standard
customer experience, identify areas requiring special
service time. The decrease in resolution ratio is 2023
attention, and shape organisational policies.
was therefore due to the increase in number of
complaints.
Public Complaints Mechanism [OJK F.24]
Customer satisfaction is paramount for the progress
and long-term growth of the business. As such, the
Bank strives to listen to and meet the needs and
expectations of its customers, including addressing
complaints and enhancing customer satisfaction
as part of the Bank’s process for improvement and
performance evaluation.
Annual Report 2023 | PT Bank UOB Indonesia 323
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Chapter .06
Sustainability Report | Keep Customers at Centre
Data Privacy
[OJK F.27] [GRI 418-1] [FN-CB-230a.2]
As digital economies and data usage rapidly evolve, UOB’s commitment to protecting
personal data and privacy becomes more crucial than ever. We continue to proactively
enhance our privacy measures, aligning with advanced industry practices and stringent
legal standards. Our efforts focus on integrating data privacy deeply into our service
delivery and operational processes, ensuring we stay ahead in safeguarding customer
information against emerging digital threats and maintaining our customers’ trust in an
increasingly interconnected world.
Customer information security and data privacy are in compliance with relevant regulations pertaining to
absolute and fundamental needs that must be met. data privacy.
UOB Indonesia is committed to protecting customer
data and privacy through secure and reliable systems Customers can also access the Bank’s website to find
and practices. As such, with the rapid advancement more information about the Bank’s policies on data
of information technology, UOB Indonesia strives to protection and privacy. Data privacy notices are also
prevent risks of data leaks and misuse of customer available online.
data. [GRI 3-3]
Ethics of Data Use
Principles of the Personal Data Protection Policy at The advancement of information technology and its
UOB Indonesia: [FN-CB-230a.2] benefits are maximised for business development.
• Personal data may only be collected and used UOB Indonesia utilises advanced data analytics
for purposes that have been informed and clearly process with the goal of responsible and ethical data
consented to by customers, or allowed by law and use across all business lines.
applicable regulations related to data privacy;
• Personal data is used responsibly in accordance Data Quality [FN-CB-230a.1]
with the company’s code of ethics and values; The Bank places great importance on the quality
• Access and disclosure of information are based on of customer data. UOB Indonesia, being a bank
a need-to-know basis; and and financial institution, collects, process, utilises,
• The integrity and security of personal data are distributes, and discards customers’ personal data as
paramount. part of its everyday banking and operating procedures,
in compliance with customer consent and declaration.
All personal data no longer needed for legal or business Ensuring the accuracy of financial services provided
purposes must be securely disposed of, in accordance to customers relies strongly on the completeness,
with laws and regulations related to data privacy. consistency, and integrity of customer data. UOB
Indonesia has established official guidelines to ensure
The Data Protection Officer oversees compliance completeness and consistency of information collection
with prevailing regulations, assists in investigations and the upkeep of customer data.
of suspected breaches as required, and when
needed. Operational Risk Management and the Data Customer data is securely protected and can only
Protection Officer review each incident and plans be accessed by authorised persons involved in UOB
and actions formulated by the business and support Indonesia’s business and operational activities. UOB
units. Significant incidents are reported to the Risk Indonesia has implemented procedures to effectively
Management Committee. utilise and oversee this data throughout all UOB
Indonesia business units, in compliance with the
Customer consent is a mandatory requirement applicable laws and regulations of the country in
for receiving telemarketing calls while providing which the Bank operates.
marketing information. The Bank will facilitate
customer requests to access and rectify personal data
324 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Financial Inclusion
[OJK F.17]
Even as education standards and income levels continue to rise with growing affluence,
many individuals and businesses, particularly in Southeast Asia, still lack access to
affordable financial products and services. UOB is committed to empowering the
underbanked and underserved through digital innovation and customer education.
To achieve an improvement in the quality of life and • Community/public; and
sustainable development goals, the Bank is committed • Micro, Small, and Medium Enterprises
to provide access to products and services to (MSMEs).
consumers and businesses across segments through
digital innovation and customer education. UOB Indonesia has a financial literacy programme
for high school and college students as well as
Policies and Commitments [GRI 3-3] low-income workers, ensuring that they can access
The Bank recognises that the Indonesian community’s financial products and increase their understanding
knowledge, comprehension, and availability of financial of sound financial management principles, while also
institutions, products, and services are currently potentially increasing the number of employee and
inadequate and inconsistent. Consequently, the Bank student account openings.
carries out financial literacy initiatives in accordance
with the Financial Services Authority Regulation No. The Bank has a Corporate Employee Programme with
76/POJK.07/2016, which aims to enhance financial payroll capabilities/features for companies. Most
literacy and inclusion in the financial services sector for workers in businesses such as factories receive the
consumers and/or the community. minimum wage, and some do not have bank accounts.
Through this initiative, the Bank provides them access
To achieve these goals, the Bank which is part of the to USave and TMRW accounts, offering easy access
Bank Indonesia Working Group (Pokja BI), is committed using UOB Indonesia ATM/Debit cards at the ATM
to actively participating in conducting Financial Bersama and Prima networks, enabling them to
Literacy activities for the community through the effectively manage their finances.
Literacy, Community and Collaboration programme,
which includes: The Bank promotes savings products such as
1. Literacy TabunganKu and Simpanan Pelajar (Simpel). These
Sharing knowledge about the benefits, risks, and products offer affordable initial deposits and no
responsibilities of banking products and services, monthly fees.
financial management, and general banking
knowledge. In 2023, the Bank also organised various literacy
2. Community programmes, in collaboration with several institutions,
Establishing discussion groups and sharing as follows:
experiences among groups will build a community
Name of Events Established Month of Event
aimed at accelerating the spread of knowledge.
3. Collaboration Preserve & grow your wealth through March 2023
The financial literacy programme collaboration risk-first approach
between UOB Indonesia and related parties is The roles of bank in supporting May 2023
expected to benefit the wider community. UOB indonesia’s economy through capital
Indonesia’s literacy activities, led by the PFS market sector
Wealth and Liabilities Product unit, assisted by (with the ministry of Finance)
business units and supported by all UOB Indonesia
Building Inclusive Economies September 2023
functions throughout Indonesia, are focusing on: (with Ojk)
• Professionals/employees;
• Students;
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Chapter .06
Sustainability Report | Keep Customers at Centre
Financial Inclusion
[OJK F.17]
School Visitation Programme Policies and Commitments [GRI 3-3]
UOB Indonesia resumed its literacy programme with The Bank realises that to support SMEs in improving
school visits in 2023 after it was previously halted due their business and achieving growth, a comprehensive
to the pandemic. The Bank continues to promote a approach that prioritises digital transformation across
savings culture in the community across 80 activities the entire process is required. SMEs that are able to
in communities and public areas that offer interactions adapt and are open to digitalisation will grow rapidly,
between parents and children, such as sponsoring as more people rely on the digital economy.
colouring competitions, bicycle racing in biking
communities, as well as opening promotional kiosks The following are UOB Indonesia’s programmes in
in malls or shopping centres. The Bank also directly continuing to foster SME customers:
communicates with customers, by sending articles • Improving digital banking services for SME
about financial education and savings via email. The customers in payments, billing, and financing
total number of savings accounts opened by students facilities;
in 2023 stood at 931 accounts. • Organising webinars for SME customers in
collaboration with the Bank’s ecosystem partners,
Student-Held providing information about: financial literacy,
2021 2022 2023 networking opportunities and helping SMEs to
Accounts
scale up their businesses through digitalisation by
Number of accounts 1,085 901 931 leveraging on UOB Indonesia connectivity;
Balance (in Rupiah • Reaching out to the Bank’s ecosystem partners
66 25 35
billion) to share knowledge and strategies on financial,
accounting system and taxation to support SME
Support For SMEs customers; and
As the backbone of the national economy, the SME • Addressing the needs for commercial property
sector plays an important role in providing employment loans engaged with developers and brokers.
opportunities, increasing employee income level and
economic diversification. The government has put a SME Development Support Programme
spotlight on programmes that support SMEs, including In fostering financial literacy and inclusion for SME
those implemented during the pandemic as well as customers, Transaction Banking Experience (TBEX) as
new and sustainable programmes, in the hope that a knowledge centre continues to provide up-to-date
the sector’s revival can boost economic growth and information on business and relevant regulations. This
accelerate national economic recovery. However, much online access provides extensive knowledge on how to
remains to be done to help the growth of SMEs in grow businesses for the Bank’s SME customers.
Indonesia. Digital transformation needs to be further
accelerated to enable the progressive development of To support SMEs in accessing the necessary technology
SMEs. for digital transformation, UOB Indonesia has been
collaborating with the Bank’s ecosystem partners
The Ministry of Finance is encouraging SMEs to to launch several initiatives and programmes since
enter the digital market by through developing the 2020. In 2022, the Bank enhanced UOB Bizsmart,
Indonesian digital ecosystem both in the field of an integrated cloud-based business solution. This
digital infrastructure and access to digital services. solution integrates payment solutions with automated
The Ministry of Cooperatives and SMEs estimates the point-of-sale reporting connected to the customer’s
potential for the digital economy of SMEs to grow UOBI bank account, enabling real-time reconciliation
to a value of Rp. 4,531 trillion in 2030. This potential and direct deposit. This resulted in a 147.5 per cent
takes into account the opening of wider market access year-on-year increase in transaction volume through
into the digital ecosystem. A study conducted by UOB Bizsmart in 2023.
ASEAN showed that SMEs that have adopted digital
technology will increase efficiency through reduced The Bank’s cash management and trade finance
production costs by 44 per cent.¹ platform, Infinity, supports customers by ensuring
that their banking transactions can be remotely and
efficiently conducted. This is reflected in good growth
of a 23.9 per cent year-on-year increase in number of
transactions through Infinity compared to the previous
year. There was a 5.7 percent year-on-year increase in
¹Source: https://djpb.kemenkeu.go.id/kanwil/ntt/id/data-publikasi/
artikel/2886-umkm-goes-digital.html the number of SME customers in 2023.
326 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Develop
Professionals
of Principle
328 Talent Development and Inclusion
333 Workplace Safety, Health and Well-being
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Chapter .06
Sustainability Report | Develop Professionals of Principle
Talent Development and Inclusion
We recognise that a dynamic workforce and empowering our colleagues is crucial
for the continued success of the Bank. By sharpening our employees’ knowledge and
skills through technical programmes, self-development, and professional conversion,
we ensure they are equipped with the expertise and mindset to remain relevant and
competitive.
Policies and Commitments [GRI 3-3] Providing Benefits for Employees [GRI 401-2]
Employees are UOB Indonesia’s most valued asset. Beyond basic salaries, UOB Indonesia also provides
Consequently, we protect and attend to employee needs other facilities to support work-life balance and
in all aspects of employment while also continuously employee wellbeing. These facilities include health
improving employees’ capabilities through training and and life insurance, BPJS Employment, BPJS Healthcare,
development programmes. The following are several and eligibility for participation in the DPLK pension
programmes launched by UOB Indonesia to develop programme, which is managed independently from the
talents, ultimately driving long-term and sustainable government programme.
growth for both the organisation and individuals. We
seek to provide the best benefits to improve the quality Other benefits are outlined in the Collective Labour
of life, prioritise occupational health and safety, and Agreement and policies regarding employee wellbeing,
build a productive and harmonious workplace. including employee welfare facilities (housing loans,
multipurpose loans, vehicle loans), annual leave,
maternity leave, and paternity leave.
Equal Opportunity
UOB Indonesia also provides opportunities
Competitive Remuneration and Benefits [OJK
through various development programmes such as
F.20] [GRI 202-1, 405-2]
international and domestic assignments, scholarships,
Remuneration is a crucial part in retaining talent while
and leadership training activities.
also enhancing UOB Indonesia’s competitiveness
amidst dynamic business needs and existing industry
Pension Policy [GRI 201-3]
competition. UOB Indonesia provides attractive,
UOB Indonesia has a Defined Contribution Pension
effective and competitive remuneration to attract and
Programme and procedures for recording estimates of
retain employees and support our long-term goals.
employee benefit liabilities for severance pay, service
pay, and compensation to employees to cover any
The remuneration has taken into consideration the
potential shortfalls. This programme is implemented
conditions of UOB Indonesia and similar industries,
based on Law No. 13 of 2003 on Employment, the Job
as well as relevant labour laws and regulations. All
Creation Law, and the Bank’s employment agreements.
UOB Indonesia employees across Indonesia receive
remuneration above the standard Provincial Minimum
The calculation of pension programme contributions
Wage (UMP), which serves as a benchmark for the
depends on several assumptions used by independent
minimum standard of decent living in each region in
actuaries and our management, including the discount
Indonesia according to the Ministry of Manpower
rate, annual salary increase rate, annual employee
and Transmigration No. 7 of 2013 regarding Minimum
turnover rate, disability rate, retirement age, and
Wage.
mortality rate.
We do not differentiate remuneration based on gender.
Furthermore, UOB Indonesia also participates in the
The amount of remuneration is determined according
Pension Guarantee Programme implemented by the
to each employee’s performance.
Social Security Administration Agency (BPJS), according
to relevant regulations.
328 Annual Report 2023 | PT Bank UOB Indonesia
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Building the Future of ASEAN
Talent Development and Inclusion
Freedom of Association and Collective Agreement [GRI 2-30]
To maintain harmonious relationships, we provide employees with the freedom to gather, establish associations,
and express their opinions. UOB Indonesia and its employees have established a Collective Labour Agreement
(CLA) as a means to maintain harmonious industrial relations.
The CLA regulates the rights and obligations of both workers and employers, which have been adjusted according
to prevailing laws and regulations. Moreover, all employees are required to sign the CLA.
Labour Complaint Mechanism
We strive to resolve workplace issues harmoniously. According to the CLA, every employee can file a complaint
about unfavourable treatment they received. Complaints are submitted in writing and addressed to the direct
superior involved. Employees may also seek assistance and advocacy from labour unions to help resolve internal
concerns.
Throughout 2023, several employee complaints were received through various communication channels and
successfully resolved using the mechanisms set in the CLA. In such cases, any potential disputes could be
anticipated and resolved by engaging the participatory roles of related parties, such as Employees, Managers,
Human Resources, and Labour Unions. The parameters employed in these instances encompass the nonexistence
of industrial relation disputes involving third parties (Labour Department) and the resolution of cases or disputes
in a judicial setting.
Training and Development [GRI 404-2]
One of the pillars of attaining sustainability and key to our successes is the presence of employees with excellent
future-oriented skills. We are committed to improve employee readiness in the digital and disruptive era by
equipping employees with a combination of soft skills and technical skills. One of our programmes is Better
U, which provides employees training in areas such as growth mindset, problem solving, digital awareness,
human-centered design, and storytelling. Better U is a Future-Oriented Competency Enhancement Programme
that adheres to international training standards and emphasises the development of five core competencies.
With this basic skill set, employees are better equipped to confront the challenges of the digital economy while
maintaining their relevance and employability.
As a further development of this programme, employees are provided with two essential skills: Data Analytics and
Project Management. The objective of this programme is to prepare employees for the dynamics of an innovation-
based work system. In 2023, 57 employees received Data Analytics training and 26 employees participated in
Project Management classes.
Employee Training Realisation in 2023 [OJK F.22] [GRI 404-1]
In 2023, we made investments and provided training opportunities to our colleagues. The following is a summary
of the number of participants and training hours.
Employee Training 2021 2022 2023
Total number of training attendees for all
courses (double-counted if trainees attended 93,515 93,127 100,836
multiple courses)
Total training hours 218,106 216,654 188,973
Total number of employees trained 3,868 3,687 4,590
Average training days (man-days) per
7.1 8.3 5.2
headcount
Completion rate for mandatory e-learning New Hire Refresher New Hire Refresher New Hire Refresher
100% 100% 100% 100% 83.23% 100%
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Talent Development and Inclusion
Employee Engagement Survey (EES) We are committed to creating an inclusive work
A regular employee engagement survey is conducted environment free from all forms of discrimination,
with the aim to foster a stronger sense of connection intimidation, or harassment. This aims to establish
with UOB Indonesia. Various engagement initiatives a safe and comfortable workplace for employees,
have been executed in response to the previous supporting productivity and engagement. We have
surveys. A higher engagement score was obtained in also set a Code of Ethics to communicate the expected
2023 than the previous year. standards of professional behaviour and ethics to
employees, with the implications of misconduct. [GRI 3-3]
The UOB Indonesia Employee Engagement Survey
score increased from 92 per cent to 93 per cent in 2023. Code of Ethics Socialisation and
This is an important indication that our engagement
programmes have been effective in maintaining
Enforcement [OJK F.21]
Every joining employee is required to sign the Bank’s
employee engagement levels despite various projects
Code of Ethics agreement. The Bank also regularly
that have significantly increased the volume of work
updates the Code of Ethics, accessible through a
and required employees to work beyond normal work
platform provided by HR. Throughout 2023, 100 per
settings.
cent of employees have signed the Code of Ethics
compliance pact.
Talent Management
To prepare and develop the competencies and For enforcement, the Bank has monitored employee
leadership capabilities of key talent, the Bank has made account transactions, observed changes in employee
investments in a number of development initiatives, as behaviour, rendered vendor services for data screening
follows: and profile checking of potential employees, and
• Leadership Acceleration Programme conducted SLIK (Sistem Layanan Informasi Keuangan)
A comprehensive leadership development checks. Employees are expected to uphold the Bank’s
programme for key talent, designed by combining Code of Ethics and apply its principles in daily activities.
international assignments or rotations in various
countries to broaden the exposure of UOB’s The Bank takes preventive measures to counter
key talent in leading cross-culturally, providing practices that oppose good corporate governance by
opportunities to engage in a number of strategic following up on reported violations, including through
projects. a whistle-blowing system. This system is expected to
• Leadership Academy increase participation from all employees and external
A three-month programme for high-performing parties to report violations. Violation reports must
employees designed for Managers to Executive be made by whistle-blowers with certainty of true
Directors. The programme aims to equip talent with reporting, and whistle-blowers must be able to provide
skills, tools, and techniques to drive innovation- traceable and actionable information and evidence.
based growth, with an emphasis on collaboration, All employees support an inclusive work environment
reflecting the values and strategies of the Bank free from all forms of discrimination. Throughout
in collaboration with leading global business 2023, there were no complaints or incidents related to
schools. discrimination.
A total of 36 employees from UOB Indonesia were
selected to participate in the above programmes in As an effort to create an inclusive and discrimination-
2023. free work environment, we ensure a mandatory “Code
of Ethics” training module for all employees, including
Diversity and Inclusion [OJK F.18] [GRI 2-7, 3-3, new hires. By December 2023, 100 per cent of all newly
405-1, 406-1] joined employees in 2023 have completed or are still
We believe that developing a diverse and collaborative within the specified duration. Meanwhile, employees
work culture, creating an inclusive workplace who joined prior to 2023 are required to undergo
environment, and valuing differences are essential. refresher training once a year.
Diversity brings varied perspectives and fosters
innovative thinking to solve business challenges
for sustainable growth. It is a critical element in our
strategy to acquire, develop, and retain diverse talents
for UOB Indonesia.
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Talent Development and Inclusion
Employee Demographics
UOB Indonesia recorded an increase of 1,461 employees in 2023, compared to 524 in 2022. The majority of the
new employee additions in 2023 were derived from the acquisition of Citibank’s Consumer Banking, including
Citibank’s credit card management. The following is an overview of the demographic development of UOB
Indonesia employees.
Employee Composition 2021 2022 2023
by Age Male Female Male Female Male Female
Below 25 years old 0% 0% 0% 1% 1% 2%
25 – 34 years old 12% 18% 11% 17% 12 % 17%
35 – 44 years old 22% 22% 22% 22% 21% 21%
45 – 54 years old 13% 11% 14% 12% 11% 10%
Above 55 years old 1% 1% 1% 1% 2% 3%
Total 48% 52% 48% 53% 47% 53%
New Hires [GRI 401-1] 2021 2022 2023
Gender Total % Total % Total %
Female 123 43 272 52 796 54
Male 165 57 252 48 665 46
Total 288 100 524 100 1461 100
Age Gender
Position (in 2023)
<30 30-50 >50 Male Female
Commissioner - - 6 6 -
Director - 3 5 7 1
Manager - 142 87 135 94
Supervisor 2 442 92 284 252
Staff 596 2,585 298 1,564 1,915
Employee Turnover Rate [GRI 401-1] 2021 2022 2023
Turnover Rate 14% 16% 13%
Age Gender
New Hires/Attrition [GRI 401-1]
<30 30-50 >50 Male Female
Number of employees that joined during 2023 422 988 51 665 796
Number of employees that left during 2023 87 341 54 241 241
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Talent Development and Inclusion
Human Rights [OJK F.19]
We are dedicated to upholding the principles of human rights recognised internationally, as well as adhering
to the regulations in Indonesia. UOB Indonesia remains highly committed to implementing good corporate
governance, particularly the principle of transparency, which is fully and responsibly carried out by the Board
of Directors. Through our whistle-blowing policy, all employees and external parties working with the Bank can
report any irregularities, wrongdoing, or violations of applicable regulations without hesitation and fear, from
both within the Bank, across all business lines, including the Board of Directors, and external parties.
We believe in equal opportunities for everyone and do not tolerate any form of discrimination, including forced
labour, or child labour. UOB Indonesia does not employ underage workers, and we do not use any form of forced
labour. [OJK F. 19]
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Workplace Safety, Health and Well-being
[OJK F.12] [GRI 403-1]
A safe, healthy, and conducive work environment will create comfort and enhance
productivity, ultimately impacting our performance. UOB Indonesia is committed to
providing a safe work environment for all employees, partners, and customers within our
operational premises. UOB Indonesia develops and implements procedures that regulate
safe work practices in accordance with relevant occupational safety regulations.
We ensure that policies to guarantee the security, suitability of the workplace environment, as well
health, and safety of employees have been well as security facilities. We equip our office building
implemented and ensure that these policies benefit all infrastructure with security amenities such as fire
employees and the Bank’s performance. [GRI 3-3] extinguishers, fire detection systems, and alarms as
early warning devices, in addition to efforts to increase
Occupational Health & Safety alertness and prevent casualties. Simulations of fires
and natural disasters are also conducted regularly to
(OHS) enhance awareness.
We implement practical measures to reduce the risk of
workplace accidents and ensure the safety and health We ensure the provision of essential items, including
of employees, customers, contractors, and all parties First Aid for Accidents (P3K) equipment and Lightweight
working in buildings owned and managed by UOB Fire Extinguishers (APAR), among others. These items
Indonesia. These measures include: undergo regular inspections to confirm they are in
a. Communicating all relevant health and safety optimal condition and are fully operational.
procedures;
b. Reviewing our buildings’ emergency response We have an emergency response team composed of
plans which stipulates the relevant actions to be UOB Indonesia employees representing each branch
taken to protect and evacuate building occupants and each floor at the head office, trained to handle
under different emergency scenarios; emergency situations and fire evacuations. We conduct
c. Conducting and reviewing appropriate routine drills every year to ensure our employees
contractors’ risk assessments to identify and understand the precautionary measures and safety
minimise any sources of risk; and protocols during the evacuation process. We carry out
d. Establishing workplace safety and health regular exercises to ensure our colleagues understand
requirements for all vendors, suppliers and the actions and safety protocols during evacuation.
contractors working at our premises. They must
comply with all applicable laws and regulations,
conduct appropriate risk assessments, and Health and Well-being
complete all required certification for their UOB Indonesia is fully committed to the well-being
employees as required by local legislation. of its employees. One form of our care is by providing
health benefits, where the Bank collaborates with
We also provide communications and training related health insurance providers to provide insurance
to safety procedures in the workplace environment, facilities for both permanent and contract employees.
including: Employees are also entitled to routine health checks in
• Workplace safety analysis for high-risk activities accordance with relevant regulations.
for employees and vendors;
• Safety procedures related to electrical items; and All employees and their families receive health
• Emergency procedures in case of fire and coverage through the Health Insurance Programme,
earthquakes. which includes outpatient and inpatient benefits as
well as medical examinations. In accordance with
OHS Implementation relevant regulations, all employees are also enrolled
The implementation of Occupational, Health and in government insurance programmes, namely BPJS
Safety principles is reflected through the design of (Badan Penyelenggara Jaminan Sosial) Employment
office spaces that adhere to the completeness and and BPJS (Badan Penyelenggara Jaminan Sosial)
Healthcare.
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Workplace Safety, Health and Well-being
[OJK F.12] [GRI 403-1]
In 2023, the Bank reviewed and updated the insurance Parental Leave [GRI 401-3]
benefit limits for employees’ family members and UOB Indonesia employees are entitled to maternity
dependents. An in-house clinic was also set up to leave regardless of their employment status (contract
facilitate employees in consulting with a General or permanent). The Bank grants maternity leave for
Practitioner. Fitness equipment and facilities are female employees, which is a leave of 4 months that
available at UOB Plaza where employees can exercise. can be utilised 1.5 months before and 2.5 months after
childbirth in addition to their annual leave entitlement.
The Bank believes that mental health is as important as Additionally, the Bank also provides paternity leave
physical health; therefore, consultation facilities with of 15 calendar days for male employees whose wives
professional experts (psychologists and psychiatrists) have given birth.
to support employees’ mental well-being are provided
as needed. During 2023, 67 employees utilised their maternity
leave and 43 employees utilised their paternity leave.
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Building the Future of ASEAN
Uphold
Corporate
Responsibility
336 Corporate Governance and Risk Culture
338 Regulatory Compliance
341 Information Security
343 Direct Environmental Impact
347 Sustainable Procurement
348 Community Stewardship
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Corporate Governance and Risk Culture
At UOB Indonesia, we are committed upholding governance and a robust risk culture,
as they are essential for sustained success and value creation. We uphold the highest
standards of ethics and governance, and ensure timely identification and mitigation of
emerging risks. Our culture of accountability and ethical practices is key to safeguarding
stakeholder interests and driving sustainable value.
Risk Culture [FN-CB-510a.2] • Assessment and handling of operational risks;
UOB Indonesia understands the importance of • Fair Dealing;
implementing good corporate governance principles • Awareness of fraud;
to protect the interests of stakeholders, maintain • IT security and cyber risk awareness; and
integrity, and ensure the achievement of quality and • UK Bribery Act.
sustainable business development targets. One of
the main concerns is risk throughout our banking Apart from the topics above, UOB Indonesia also
operations. UOB Indonesia continues to instill a risk instills and increases awareness and understanding of
culture to all employees in every decision and action risk culture by implementing the following:
taken. we identify, measure, monitor and control • Instilling a risk culture and implementing a risk
various risks relevant to the banking industry, including management framework;
credit-related risks, market risks, interest rate risks, • Creating mandatory e-learning on risk culture to
compliance risks, reputation risks and others. This is underscore and enforce a strong risk culture;
also in line with Regulation of the Financial Service • Conducting self-assessments on business units
Authority No. 18/POJK.03/2016 on the Implementation and supporting units to evaluate the risk culture
of Risk Management for Commercial Banks. within each unit; and
• Incorporating risk management to employee
UOB Indonesia’s risk culture is built on the values of engagement surveys to measure understanding of
Honourable, Enterprising, United and Committed. The risk culture.
Bank’s Board of Commissioners and Board of Directors
play an important role in providing supervision and Active supervision of the Board of Directors and Senior
ensuring the development and implementation of a Executive Officers regarding operational risks has been
robust risk culture. carried out periodically through Risk Management
Committee (RMC) meetings, which include the following
To ensure that the tone from Regulators translates matters:
effectively into the tone from Senior Managements, 1. Key Risk and Control Self-Assessment;
all employee managers are responsible for practising 2. Key Operational Risk Indicators;
risk-focused behaviours within their teams. Senior 3. Incident Reporting; and
management promotes understanding and practice 4. Management Risk Awareness.
of risk management throughout the organisation by
organising regular communications such as face- We also utilise whistleblowing as a way to review the
to-face meetings, discussion groups and internal effectiveness of implementing a risk culture. Through
e-newsletters. All employees receive a number of
trainings regarding risk management which covers the
following topics:
• Risk culture and Code of Ethics;
• Anti-Money Laundering-Counter of Financing
Terrorism-Counter of Financing Proliferation of
Weapon of Mass Destruction and Sanctions
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Building the Future of ASEAN
Corporate Governance and Risk Culture
the whistleblowing mechanism, we encourage every level of employee and management to contribute to building
a risk culture by reporting alleged violations without worry about pressure or retaliation. All reported cases have
been followed up. Internal Audit is responsible for checking the status of whistleblowing submitted and reporting
the results to the Audit Committee every quarter. [FN-CB-510a.2]
In 2023, there were no incidents related to violations of the Code of Ethics or related risks. We consistently
implement risk management training programmes for all employees. As of 31 December 2023, all new employees
in 2023 completed the risk culture module. Employees who had joined the company before 2023 were required to
take refresher training once a year.
Further information regarding risk management policies can be seen in the risk management section of the
Annual Report.
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Regulatory Compliance
[GRI 2-27, 3-3]
Financial crimes undermine fair competition, impede innovation, raise costs and pose
serious legal and reputational consequences. Such threats, if not anticipated and
addressed, could severely undermine both the integrity and trust of the financial system.
In this regard, UOB is committed to upholding the highest ethical standards, through
complying with local laws and regulations, as well as preventing financial crimes such as
insider trading, bribery, corruption, fraud and money laundering. This helps to ensure that
UOB remains a source of stability, security and strength for our stakeholders.
UOB Indonesia is committed to implementing its Prohibition of Insider Trading
business activities with integrity and high ethical UOB Indonesia has a policy of prohibiting insider
standards. We are also determined to continue trading practices for employees and establishes a
to comply with the prevailing laws, including laws framework for managing insider trading risks. We also
and regulations issued by regulators in the banking provide online training modules every year on insider
industry, the Financial Services Authority (OJK) and trading and market misconduct.
Bank Indonesia (BI), as well as related regulations
issued by government agencies such as Ministry of We implement a staff trading policy that requires
Finance, Ministry of Communication and Informatics, employees to comply with all information confidentiality
Ministry of Manpower, Ministry of Law and Human policies and prohibits the distribution of confidential
Rights, and Ministry of the Environment and Forestry. information by those who may have access to
internal information. declarations and approvals are
All UOB Indonesia employees are not permitted to required before trading shares owned by employees
be involved in conflicts of interest to obtain personal or management on the stock exchange. In addition,
gain that could harm the institution or our customers. the compliance function periodically reviews securities
[GRI 2-15] transactions to detect potential violations. Through this
policy, we hope to maintain the reputation and trust of
Customer Protection Unit stakeholders.
In connection with Financial Services Authority
Regulation No. 22/2023 on Consumer and Community Foreign Account Tax Compliance Act
Protection in the Financial Services Sector, we have
established a Customer Protection Unit with the (FATCA)
following work functions: The provisions of the United States tax law FATCA
• Disseminating the principles of customer and require non-US financial institutions to identify and
community protection to employees; report information regarding assets held by US citizens
• Coordinating planning and implementation of and other non-cooperative entities and individuals to
customer and community protection; the US Internal Revenue Service.
• Providing reports and recommendations to
management; and We are strongly committed to complying with FATCA
• Consolidating customer protection self- provisions and ensuring that all prevailing requirements
assessments every year which are then submitted in Indonesia are fulfilled. We have also incorporated
to the Financial Services Authority via the consumer FATCA guidelines into our governance and business
education and protection reporting information operations.
system website (https://peduli.ojk.go.id/Public/
Login.aspx).
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Building the Future of ASEAN
Regulatory Compliance
[GRI 2-27, 3-3]
Common Reporting Standard (CRS) To promote and increase awareness of the anti-fraud
We also implement CRS, a global tax information culture at UOB Indonesia, IFM implements the Fraud
exchange standard developed by the OECD to Risk Awareness campaign through mandatory virtual
help prevent offshore tax evasion. Through CRS, training and e-learning (for new employees and
we can annually identify, collect, and report to local refreshers for existing employees) and collaborates
authorities tax information from jurisdictions with with Customer Education and Advocacy (CEA) to
which information exchange agreements are entered deliver regular communications to branches via branch
into. With the CRS programme, we have fulfilled all CRS morning huddles. To strengthen detection and prevent
requirements that apply in Indonesia. fraud, we also organised an Anti-Fraud Campaign
and provided “Anti-Fraud Hero” awards for those who
We ensure that we have complied with all prevailing report and are able to provide evidence of violations.
national and international regulatory provisions and
regulations. In 2023, there were no monetary losses as Anti-Money Laundering-Counter of
a result of legal proceedings related to fraud, insider Financing Terrorism-Counter of Financing
trading, anti-trust, anti-competitive behavior, market Proliferation of Weapons of Mass
manipulation, malpractice, or other related financial Destruction (AML-CFT-CFP) and Sanctions
industry laws or regulations. We are committed to ensuring compliance with laws
and regulations regarding Anti-Money Laundering-
Counter of Financing Terrorism-Counter of Financing
Preventing Corruption, Fraud and Proliferation of Weapons of Mass Destruction
Money Laundering [GRI 205-2] (AML-CFT-CFP) and sanctions. To maintain the best
Financial crimes can undermine a fair competition standards, we identify, evaluate, and take appropriate
ecosystem, hinder innovation, increase costs, and actions that can effectively reduce the risks of money
create legal consequences and serious reputational laundering, terrorism financing, and sanctions.
risks. If not anticipated and handled appropriately
and accurately, this can risk the integrity and trust of The following are AML-CFT-CFP and Sanctions
the financial system. UOB Indonesia is committed to principles and sanctions implemented by UOB
protecting the integrity of the financial system and its Indonesia:
users. We continue to strengthen the Bank’s capacity,
including the ability to mitigate financial crime risks • Customer due diligence (CDD), Risk Rating, and
and invest in the necessary expertise and systems. Name Screening
We implement CDD, risk assessments, and
Preventing Corruption name screening on customers, related parties,
Compliance with anti-bribery and anti-corruption beneficiaries, individuals authorised to name
laws is carried out by the legal function to ensure that customers, and other parties specified in the
contracts with third parties are in accordance with the AML-CFT-CFP and sanctions procedures. CDD
prevailing laws and regulations regarding bribery and is implemented in accordance with a risk-based
corruption. approach when opening an account and ongoing
monitoring, especially for customers who are
Preventing Fraud considered high risk;
The Integrated Fraud Management (lFM) Division, as
the second line of defense, implements strategies and • Suspicious Transaction Report
governance and oversee the fraud risk management We have a monitoring system applied to
framework and policies throughout UOB Indonesia. customer transactions to identify suspicious
Fraud hotlines provide a safe channel to report financial transactions. Furthermore, the AML/
suspected cases of fraud and ensure independent fraud CFT & Sanctions, Anti Bribery & Corruption & Anti
investigations by specialised units. IFM collaborates Tax Evasion Division in the Compliance Function
with business units and support units to strengthen carries out an independent analysis of the initial
the implementation of the five pillars of prevention, identification. In addition to the monitoring
detection, response, improvement, and reporting. system, for employees, business units or functional
units that identify suspicious transactions, reports
can be submitted to the AML-CFT and Sanctions
Division for further analysis;
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Regulatory Compliance
[GRI 2-27, 3-3]
• Document Storage
Document storage is carried out in accordance with the prevailing laws and regulations;
• Training
We have mandatory training modules for all employees and the Board of Directors which must be implemented
every year. The level of difficulty of the AML-CFT-CFP and sanctions training modules is adjusted to the roles
and responsibilities of each employee; and
• Know Your Employee (KYE)
The KYE principle is implemented during the process of recruiting new employees.
UOB Indonesia also has an Anti-Money Laundering Committee (AMLC) to ensure active supervision. The AMLC
was established to review and support strategies, frameworks, policies, programmes and structures related to
AML-CFT-CFP and Sanctions, as well as to ensure governance oversight of risks to AML-CFT-CFP and sanctions.
Policies Effectiveness and Performance
UOB Indonesia has mandatory e-learning modules covering AML-CFT-CFP and sanctions; Code of Ethics; anti-
bribery and/or gratification; and fraud awareness. We require all employees to complete a refresher programme
on this topic annually. We also provide a whistle blowing system mechanism for employees to report violations,
including concerns or allegations of violations of various policies of the Bank.
All employees and business partners have been communicated regarding policy implementation, prevention
of corrupt practices, kickbacks, fraud, bribery and/or gratification. We have recorded 100% implementation of
mandatory e-learning for employees on corruption, fraud, and anti-money laundering awareness.
In the reporting year, there were no complaints, fines or sanctions resulting from violations of corruption, fraud,
money laundering or violations of the prevailing regulations. [FN-CB-510a.1]
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Information Security
UOB stands steadfast in safeguarding our data and assets, particularly customer
information, against evolving cyber threats. We employ advanced monitoring, detection
and rapid response strategies, integrating the latest technology and best practices to
ensure the security and resilience of our systems. We remain dedicated to maintaining the
highest standards of cybersecurity and operational integrity.
We prioritise the best possible maintenance and This programme is implemented through various
protection of the Bank’s data and assets. Therefore, information security controls in terms of administrative,
UOB Indonesia has implemented a technology organisational, technological, and physical aspects
risk management framework and an IT Security designed to maintain the confidentiality, integrity, and
management policy to consistently identify and availability of information used in UOB Indonesia’s
mitigate all cybersecurity risks. operational and business activities. The programme is
routinely evaluated each year for future improvements
In addition to having a dedicated team that detects and reported to the Board of Directors and the Risk
and responds to potential cybersecurity risks and Management Committee. UOB Indonesia also accepts
threats, we partner with leading cybersecurity and adopts best practice recommendations from
providers to enhance security. the banking industry and trusted external parties for
improving information security capabilities, examples
Information security is the responsibility of all include ISO 27001, NIST CSF, Basel II standards,
employees and stakeholders at UOB Indonesia, and recommendations from external auditors and
including third parties representing UOB Indonesia in regulators (OJK, BI, Kemkominfo, BSSN).
processing personal data. UOB Indonesia adopts a
Three Lines of Defense system, supported by several UOB Indonesia conducts regular training and
organisational functions specifically dedicated to communications on information security for all employees
performing supervisory functions and governance of throughout the year. Training and communications
information security and internal control. materials cover obligations and responsibilities
regarding data protection and privacy, potential risks,
UOB Indonesia has established standard processes and the latest trends and developments concerning
and procedures for reporting and responding to threats to information security and data privacy.
suspected or actual data privacy incidents that could
compromise the confidentiality, integrity, or availability UOB Indonesia employees are bound by the Code of
of personal data. The Bank provides communication Ethics and UOB Indonesia regulations that provide
channels for employees and the public to report specific references in protecting and using UOB
through a centralised system. Incident reports are Indonesia assets, including confidential information
handled by a special incident response team to assess from customers, employees, business partners, third-
severity levels, mitigation, root cause investigations, party service providers, and government or regulators.
and corrective actions. In accordance with UOB
Indonesia policies and relevant laws, the Bank informs Throughout 2023, the Bank did not receive any
related individuals and regulators about data privacy complaints, grievances, fines, or sanctions caused
incidents. by data breaches, personal data leaks, or misuse of
customer data.
Planning for the information security programme
and allocating sufficient resources to execute The Bank continues to invest in developing IT
the programme are determined annually by UOB capabilities, cybersecurity, and human resources to
Indonesia. The programme includes functions of ensure data security, and most importantly, to maintain
identification, protection, detection, response, the trust of its customers. Currently, UOB Indonesia is
and recovery in cyber and information security. ISO 27001 certified for digital banking applications:
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Information Security
UOB TMRW, Personal Internet Banking, and Infinity. As recognition of the implemented information security
system, Farina Mutia, Head of Information Security UOB Indonesia, received the Indosec Cyber Woman of the
Year 2023 award.
Policies and Commitments [GRI 3-3]
UOB Indonesia stands steadfast in safeguarding our data and assets, particularly customer information, against
evolving cyber threats. We employ advanced monitoring, detection and rapid response strategies, integrating the
latest technology and best practices to ensure the security and resilience of our systems. We remain dedicated to
maintaining the highest standards of cybersecurity and operational integrity.
• UOB Indonesia has supporting responsible data sharing and use through the Bank’s guidelines and awareness
programmes to protect and secure data confidentiality and privacy. This is in line with the prevailing data
privacy laws, sensitivity of internal business data and regulatory dynamics;
• Expanding the application of ethical and justice principles in the design and validation of major AI analytical
models;
• Protecting and securing UOB Indonesia and customers’ information by deepening cyber security capabilities
to confront threats and address the ever-evolving security landscape; and
• Creating strong cybersecurity and information awareness with a “security is everyone’s responsibility” mindset
and maintaining a 100 per cent pass rate for employee security training.
Policies and Commitments Implementation
All policies related to information security have been implemented properly. All UOB Indonesia employees have
received IT Security training. As of December 2023, 100 per cent of new employees had completed the training
modules.
In 2023, there were no lawsuits filed against UOB Indonesia in connection with data privacy violations. We
continue to develop cybersecurity capabilities and enhance operational models to strengthen defenses against
dynamic threats. Through these efforts, we contribute to the security and stability of the financial system and
trust in the banking industry. As the Bank enhances its digital capabilities, we are committed to continuing to
increase investment in cyber resilience and security.
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Direct Environmental Impact
We are committed to conserving resources and reducing carbon emissions for the well-
being of our stakeholders and future generations. We are also cognisant of the direct
environmental impact resulting from our operations across our network. As our business
continues to grow, we seek to mitigate our carbon footprint through energy efficiency
initiatives and encouraging environmental stewardship at the workplace.
The consumption of resources such as electricity, water, Renewable Energy [OJK F.7]
fuel, paper, and plastic constitute the primary direct We also use several electric vehicles as part of our
environmental impact. Moreover, the environment corporate fleet. By using electric vehicles, we can
is also affected by the waste generated from our avoid gasoline consumption of about 3,400 litres per
operational activities. Therefore, we are committed year. We are exploring possibilities to optimise our
to implementing energy efficiency policies, minimising operational vehicles or use more vehicles with low
the use of plastic and paper, and applying waste carbon emissions to reduce our Scope 1 greenhouse
management strategies to reduce the amount of waste gas emissions. Additionally, we have started installing
sent to landfills. solar panels at one of our offices. The solar panel
power generation is expected to be fully operational
Policies and Commitments [GRI 3-3] in 2024 and is part of our efforts to reduce our carbon
In terms of resource and energy management, we emissions.
strive to actively adopt the latest and most effective
technologies to enhance our current systems and We strive to source low-carbon energy within our
reduce the direct impact on the environment. We are local market’s limits whenever possible. In 2023, we
committed to complying with all relevant laws and purchased and traded 18,082 Renewable Energy
regulations in the locations where we operate. Certificates (RECs) from geothermal power plants in
Indonesia to address 100 per cent of our electricity
Energy and Resource Management consumption (head office and branch offices as well
[OJK F. 7] as electric vehicles). All purchased RECs have been
Energy Efficiency [GRI 302-1] certified by the International Renewable Energy
We actively work towards achieving measurable Certificate (I-REC).
reductions in energy and resource consumption by
adopting new and efficient technologies to upgrade
our current equipment and building systems. One of
our initiatives to reduce electricity consumption is by
gradually replacing conventional lighting systems in
the head office and branch offices with more efficient
light-emitting diodes (LED) lighting systems. In 2023,
we replaced approximately 1,200 non-LED lights with
LED lights, which will result in energy savings of around
114,500 kWh/year.
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Direct Environmental Impact
Energy Consumption [OJK F.6] [GRI 302-1]
No Description Unit 2021 2022 2023*
1 Electricity GWh 18.1 17.2 18.1
Giga Joule 65,110 61,980 65,092
2 Fuel for Transportation/ Litre 505,309 553,957 551,916
Operations Giga Joule 16,737 18,348 18,674
Total Energy Consumption Giga Joule 81,847 80,328 83,766
* The acquisition of Citibank consumer banking business in Indonesia was completed in Mid-November 2023. Emission figures computed for
2023 exclude relevant acquired relevant Citibank data for better comparison purposes.
Electricity consumption in 2023 increased from previous In an effort to reduce environmental pollution, we no
year usage due to the addition of office space and longer issue purchase orders for the procurement of
the capacity of our data centre. However, the 2023 plastic bottled water. Additionally, we have successfully
electricity intensity (kWh/m2 per year) was 6.4% lower reduced office paper consumption by 45 per cent and
compared to 2022 due to energy efficiency initiatives toner by 72 per cent in 2023 compared to 2019 when
implemented in 2023. we first began implementing conservation policies.
Carbon offsets Waste Management [OJK F.13, F.14] [GRI 306-4]
We aim to reduce energy comsumption and use As part of our commitment to reduce environmental
renewable energy to mitigate the majority of our pollution by decreasing the amount of inorganic waste
operational carbon emmisions. However, we recognise sent to landfills, we have collaborated with third
that there will be hard-to-abate emissions (in particular parties to recycle inorganic waste since 2019.
Scope 1 and Scope 3 non-financed emissions) which may
only be addressed through the use of carbon offsets. We provide separate waste bins for paper waste,
In 2023, we purchased 3,064 carbon offsets certified inorganic waste, and organic waste to segregate trash
by the Verified Carbon Standard or Gold Standard to at its source in our office buildings. Additionally, we
address Scope 1 and 3 greenhouse gas emissions. Our have partnered with waste management companies
Scope 1 emissions originate from fuel for vehicles, fuel to manage and recycle 100 per cent of the waste
for power generators (gensets), refrigerants, and our generated from UOB Plaza and Wahid Hasyim office,
Scope 3 emissions come from business travel by air. to reduce the amount of waste sent to landfills.
Resource Consumption [OJK F.5] We have also issued circulars to invite employees to
Building on the positive momentum from the hybrid participate and contribute to implementing green
work arrangement during the pandemic, which has practices by reducing the use of disposable plastics
digitalised our work culture, we are committed to in the workplace, including replacing bottled drinking
progressively reducing the consumption of paper water with hot water/drinking water provided through
and toner in our operational activities and switching pots or dispensers and cups, carrying and using
to more eco-friendly printing paper. We uphold this refillable water bottles (tumblers) for personal drinking
commitment by establishing a policy to exclusively use needs. We also encourage the use of personal tumblers
office paper that has been certified by SVLK & PEFC- to obtain corporate rates at our partner coffee shops
IFCC to ensure that the paper is sustainably-sourced. in UOB Plaza.
To reduce the quantity of disposable plastic from In 2023, a total of 57.85 tons of waste generated from
packaged drinking water in cups or bottles, we UOB’s office operations were recycled.
encourage employees to bring their own tumblers for
personal use. Additionally, we provide drinking glasses
specifically for customers.
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Direct Environmental Impact
Resource Consumption & Waste
Description 2021 2022 2023*
Plastic bottle procurement (in unit) 14,616 16,766 0
Paper consumption (in metric tons) – office consumption 39.9 37.9 44.8
Paper consumption (in metric tons) - customer consumption (billing
79.2 92.5 44.2
reports, advice, etc.)
Toner consumption (in unit) 1,105 676 617
Recyclable waste (in kg) 3,079 3,342 58,752
Revised conversion rate for metric tons of paper in the 2023 reporting is noted. Using 2023 conversion rate, 2021 and 2022 figures would
be 32.78 and 36.4 accordingly.
* The acquisition of Citibank consumer banking business in Indonesia was completed in Mid-November 2023. Figures computed for 2023
exclude relevant acquired relevant Citibank data for better comparison purposes.
Water Consumption Management [OJK F.8] [GRI 303-3]
We utilise various water sources, one of which is from the Regional Drinking Water Company (PDAM), depending
on the location and availability of clean water access where the Bank’s offices are located. The majority of UOB’s
water consumption is used for toilets, pantries and general cleaning. We strive to conserve water consumption by
regularly maintaining water installations to ensure there are no leaks, using water-saving faucets, and organising
water conservation campaigns.
Water Consumption [OJK F.8]
No. Description 2021 2022 2023*
1 Water PAM (m3) 80,646 84,784 83,908
2 Municipal water in areas that do not experience
14,145 13,253 10,226
limited water (m3)
3 Municipal water in areas experiencing limited water
66,500** 71,531** 73,682**
(m3)
4 Ground Water (m3) n.a 13,172 9,950
* The acquisition of Citibank consumer banking business in Indonesia was completed in Mid-November 2023. Figures computed for 2023
exclude relevant acquired relevant Citibank data for better comparison purposes.
** 2021-2022: Regions experiencing water scarcity are those with higher water demand than supply, or where the water quality is poor, lim-
iting its use (Java region). Regions not experiencing water stress are those with a balance between water supply and demand (Sumatera,
Kalimantan, Papua). 2023: Regions experiencing water scarcity are identified using the WRI.org tool ‘aqueduct water risk atlas’ where
“water stressed” - “>40% at risk”.
Biodiversity [OJK F.9, F.10] [GRI 304-1]
UOB Indonesia understands the importance of preserving environmental ecosystems. Currently, the operational
activities and assets used, leased, or managed by UOB Indonesia are not located within or around protected
areas or areas of high biodiversity. Therefore, wilderness areas with high biodiversity are not negatively impacted
by our activities.
GHG Emissions Management [OJK F.12] [GRI 305-1, 305-2]
The level of GHG emissions is directly proportional with the quantity of energy consumed. Consequently, we
reduce GHG emissions by conserving and efficiently using energy. Our 2023 data encompasses Scope 1 emissions
resulting from the consumption of diesel generators, vehicle fuels, and air conditioning refrigerants. Scope 2
emissions arise from the purchased electricity, while Scope 3 emissions result from business trips by air travel.
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Direct Environmental Impact
GHG emissions
Description Unit 2021* 2022* 2023
Scope 1 greenhouse gas emissions t CO2e 1,183 1,344 1,583
Scope 2 greenhouse gas emissions t CO2e 13,859 13,270 14,074
Scope 3 greenhouse gas emissions t CO2e n.a 528 1,480
Total Emissions t CO2e 15,042 15,142 17,137
* Revision of 2021-2022 figures as previous report shows in thousand tonnes with 1 decimal point.
Efforts to Reduce Environmental Impact
To mitigate the adverse impact on the environment, we will further strengthen our endeavours to carry out
operational activities by intensifying the adoption of green measures, such as:
• Maintaining operational carbon neutrality for Scope 1, Scope 2, and Scope 3 emissions;
• Improving electricity consumption efficiency;
• Reducing the amount of waste sent to landfills; and
• Reducing the consumption of plastics, paper, and toner.
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Sustainable Procurement
Sustainable procurement is integral to our ethos of responsible business practices. we
are committed to aligning our procurement activities with our environmental, social and
governance (ESG) objectives, in harmony with our values. We are dedicated to engaging
suppliers who demonstrate strong commitment to robust corporate governance, stringent
regulatory compliance, uphold human rights, ethical labour practices and environmental
stewardship, and provide a safe and healthy workplace for all employees. This approach
reflects our dedication to corporate responsibility and strengthens our operational
integrity.
Our approach to addressing the ESG risks and impacts of our operations extends to the procurement of products
and services from suppliers which include any third party, company or individual that provides a product or
service to us.
We understand that there are ESG risks associated with our suppliers’ activities and that the risks will vary
depending on their sector, size and location.
We seek to reduce the environmental and social (including human rights) risks and impact associated with our
sourcing activities. In 2023, we required material suppliers to acknowledge and adhere to the standards set out
in our PT UOB Indonesia Supplier Sustainability Principles (UOB Indonesia SSP). The UOB Indonesia SSP cover
three key areas:
• corporate governance and compliance;
• labour and human rights; and
• environment, health and safety.
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Community Stewardship
[OJK F.23] [GRI 3-3, 413-1]
UOB is committed to supporting the social development of the communities in which
we operate through art, children and education. We believe this is essential for the
advancement and well-being of society. Through the decades, our regional efforts have
supported the young, especially the underprivileged, as well as those with special needs
and with unrealised talent.
The following activities were implemented in 2023: of Bali and Medan, North Sumatera province.
• UOB Painting of the Year 1. Turtle conservation in Tanjung Benoa
The annual UOB Painting of the Year competition, Through an interactive and fun educational
one of the most prestigious competition platforms programme, children living in Tanjung Benoa
in Southeast Asia, demonstrates UOB’s long- were given the opportunity to learn about sea
term commitment to arts in the Southeast Asia turtle conservation, promoting their role in
region. This year UOB Indonesia held the 13th UOB maintaining the balance of the ocean life.
Painting of the Year. Apart from Indonesia and
Singapore, UOB Painting of the Year was also held Winner of the 2021 UOB Painting of the Year,
in Malaysia and Thailand and this year is the first the Silver Award, Irene Febry, led a creative
year for Vietnam to take part in this competition. art session and encouraged children to create
sea turtle collages from beach waste such as
In Indonesia, the UOB Painting of the Year fishing rods and plastic bags.
competition has evolved over the past thirteen
years to gain awareness and recognition 2. Recycling organic materials in Dolok Masihul,
among the art community as an opportunity to Medan
develop artistic talents and promote conceptual In collaboration with one of our wholesale
and creative skills in visual arts. Through this banking customers, Socfin Indonesia, located
competition, many Indonesian artists have in Dolok Masihul, Medan, UOB Indonesia
succeeded in winning awards at the Southeast along with Adi Sundoro, the bronze winner of
Asia level, with the opportunity to take part in the the UOB Painting of The Year 2022, provided
residency programme at the Fukuoka Asian Art an educational session on sustainable life by
Museum in Japan. recycling organic used materials into works of
art that can be used every day.
UOB Indonesia plays an active role in communities
across the Southeast Asia region, particularly • Art Jakarta
through its long-standing commitment to the arts. Since 2016, UOB Indonesia has established a
As a leading advocate for arts in Southeast Asia, strategic partnership with Art Jakarta, one of the
UOB Indonesia continues to make art accessible largest art fair events in Indonesia.
to a wider audience through various visual arts
programmes, partnerships, and community As one of the lead partners, UOB Indonesia
outreach. presented UOB Art Space, a large-sized art
exhibition space to appreciate and promote the
The alumni of the UOB Painting of the Year winning winning artworks of the UOB Painting of the Year,
artists are also actively involved in society and the not only from Indonesia, but also from Malaysia,
community by sharing their knowledge and fine Singapore, Vietnam, and Thailand.
arts skills.
UOB Indonesia also presented Play by UOB
UOB Indonesia implemented two educational Indonesia, ‘Plant a Tree, Plant a Life’, an interactive
programmes with an arts approach in the island space for children led by Farhan Siki, winner
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Community Stewardship
[OJK F.23] [GRI 413-1]
of UOB Indonesia Painting of the Year in 2022. Beneficiaries include Cicendo SSDC. The Gold
Farhan interacted directly with children to explore Winner of the 2023 UOB Painting of the Year Mrs.
objects that may no longer be of value but may be Karina Yuwono, an hearing impaired, is an arts
transformed into works of art in a fun atmosphere. and crafts subject teacher at the SSDC. Other
beneficiaries were Karya Murni SSDC, Siswa Budhi
More than 500 children came to enjoy the space SSDC, and Bangun Bangsa SSDC.
and create works of art during the exhibition.
UOB Indonesia also provided assistance to Rosa
Foundation, a non-profit foundation in Jakarta
• UOB Heartbeat that focuses on supporting the educational needs
UOB Heartbeat is an employee engagement of children whose parents are terminally cancer
programme that encourages employees to take patients. This foundation helps these families
part in doing volunteering activities to impact the overcome financial difficulties to minimise the
community, such as assisting disadvantaged or impact on their children’s education.
special needs children with arts education, digital
access, English and financial literacy, storytelling. • Education – Sign Language
To support the UOB Heartbeat programme in
In particular, UOB Heartbeat Run/Walk is our 2023, UOB Indonesia held a sign language class,
flagship fundraising and volunteerism programme attended by more than 100 colleagues from various
that aims to improve the lives of disadvantaged departments. The programme is an important
children and families. Every year, employees, component of the UOB Heartbeat initiative in
customers, and families unite through volunteer Indonesia, designed for employees to gain a basic
activities and fundraising while participating in understanding of sign language and develop skills
healthy fitness activities. to better interact with the deaf community.
In line with UOB Indonesia’s promise to do right UOB Indonesia gave opportunities to colleagues
by society, the funds collected will be channelled to directly communicate and build a more inclusive
to support various activities for people with environment to those with hearing impairment.
disabilities.
More than 2,000 colleagues were invited to
participate in the UOB Heartbeat physical activity
that was held on 12 August 2023 in five cities of
Jakarta, Bandung, Semarang, Surabaya and
Medan. The special needs children were from
several Special Schools of Deaf Children (SSDC) in
Jakarta, Bandung, Semarang and Surabaya.
In 2023, the funds collected were channelled to
support teaching and learning facilities for Special
Schools for Deaf Children (SSDC) in each city to
deepen their knowledge, skills, and resilience.
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Community Stewardship
UOB Painting of the Year 2023
UOB held the UOB Painting of the Year (POY) 2023, one of the most prestigious painting competitions
in Southeast Asia. In 2023, the UOB POY award was conferred to Ni Nyoman Sani for her artwork
‘Tranquility’, which portrays a relationship between the universe and its creatures, incorporating
elements that go beyond conventional methods.
2023 UOB Heartbeat
UOB Heartbeat Run/Walk is an annual volunteer and fundraising programme organised by UOB
globally in 18 countries, including countries in the ASEAN region. In 2023, more than 2,000 employees
participated in this fundraising programme in Indonesia. The funds collected were channeled to
support Special Schools for Deaf Children (SSDC), including Cicendo SSDC, Karya Murni SSDC, Siswa
Budhi SSDC, and Bangun Bangsa SSDC, and also to Rosa Foundation.
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Community Stewardship
2023 Art Jakarta
With a long-standing partnership with Art Jakarta, UOB Indonesia organised a large UOB Art
Space displaying recent artworks of the UOB Painting of the Year winners from Indonesia, Malaysia,
Singapore, Vietnam, and Thailand.
UOB Indonesia also organised a UOB Indonesia Art Space titled “Play by UOB Indonesia”, where
more than 500 children interacted with recycled objects to create artistic goods as part of learning
how to take care of the environment.
Education – Sign Language
UOB Indonesia held a sign language class, attended by more than 100 colleagues from various
departments. The sign language class was designed to improve colleagues' communication skills,
allowing them to gain a fundamental understanding of sign language.
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Chapter .06
Sustainability Report
POJK 51/2017 Index
[OJK G.5]
Index No. Index Name Page
SUSTAINABILITY STRATEGY
A.1 Explanation Sustainability Strategy 290, 292, 294
SUSTAINABILITY PERFORMANCE HIGHLIGHTS
B.1 Economic Performance Highlights 285
B.2 Environmental Performance Highlihts 287
B.3 Social Performance Highlights
COMPANY PROFILE
C.1 Vision, Mission, and Value of Sustainability 40
C.2 Company’s Address 34
C.3 Scale Enterprises 34
C.4 Products, services and business activities 42
C.5 Member of Association 34
C.6 Change of Significant Organisation 60
DIRECTORS STTATEMENT
D.1 Directors Statement 25
SUSTAINABILITY GOVERNANCE
E.1 Management of Sustainable Finance Implementation 299
E.2 Competency Development related Sustainable Finance 300
E.3 Risk Assessment for Sustainable Finance Implementation 300
E.4 Stakeholder Engagement 301, 302, 303,
304
SUSTAINABILITY PERFORMANCE
F.1 Building A Culture of Sustainability 291
ECONOMIC PERFORMANCE
F.2 Comparison of performance targets and production, portfolios, financial 311
targets, or investment, revenue and profit and loss
ENVIRONMENTAL PERFORMANCE
General
Material Aspects
F.5 The Use of Environmentally Friendly Materials 344
Energy Aspects
F.6 The number and the intensity of energy use 344
F.7 The efforts and achievements made energy efficiency including the use of 343
renewable energy sources
Water Aspects
F.8 Water Consumption 345
Biodiversity Aspects
F.9 The impact of operational areas near or in the area of conservation or 345
biodiversity
F.10 Biodiversity conservation efforts
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POJK 51/2017 Index
[OJK G.5]
Index No. Index Name Page
Emission Aspects
F.12 The efforts and achievement of emission reductions undertaken 345
Aspect of Waste and Effluents
F.13 The amount of waste and effluent generated by type 344
F.14 Waste and Effluent Management Mechanism 344
Aspect of environmental complaints
SOCIAL PERFORMANCE
F.17 The Company’s commitment to deliver products and/or services equivalent to 325, 326
the consumer
Employment Aspects
F.18 Equality of employment opportunities 100, 330
F.19 Child Labor and Forced Labor 332
F.20 The Minimum Wage 101, 328
F.21 Environmental work decent and safe 330
F.22 Training and Competency Development for Employees 100, 102, 329
Community Aspects
F.23 Operational Impacts to Local Communities 348, 349
F.24 Public complaints 323
Responsibility on the development of Sustainable Finance products and/or
services:
F.26 Innovation and development of Sustainable Finance products and/or services 320
F.27 Customer Safety 324
F.28 Impact of Products/Services 320
F.29 The number of products recalled 320
F.30 Survey of customer satisfaction 320, 322
OTHERS
G.1 Written verification from independent parties (if any) 284
G.2 Feedback Sheet 358
G.5 POJK 51/2017 Index 352
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GRI Content Index
UOB Indonesia has reported with reference to the GRI Standards for the period 1
Statement of use
January 2023 to 31 December 2023.
GRI 1 used GRI 1: Foundation 2021
Applicable GRI Sector
Not applicable
Standard(s)
Disclosure
Gri Standard/ Other
Disclosure reference and/or
Source
response
General disclosures
GRI 2: General Disclosures 2021
2-1 Organisational details 34
2-2 Entities included in the organisation’s sustainability reporting 284
2-3 Reporting period, frequency and contact point 284
2-4 Restatements of information 284
2-5 External assurance 284
2-6 Activities, value chain and other business relationships 42
2-7 Employees 104, 330
2-8 Workers who are not employees 105
2-9 Governance structure and composition 126
2-10 Nomination and selection of the highest governance body 135, 143
2-11 Chair of the highest governance body is also a senior executive in 135, 144
the organisation
2-12 R
ole of the highest governance body in overseeing the management 134, 141
of impacts
2-13 Delegation of responsibility for managing impacts 137, 145
2-14 Role of the highest governance body in sustainability reporting 359
2-15 Conflicts of interest 338
2-16 Communication of critical concerns 207
2-17 Collective knowledge of the highest governance body 135, 143
2-18 Evaluation of the performance of the highest governance body 146, 139
2-19 Remuneration policies 200
2-20 Process to determine remuneration 200
2-21 Annual total compensation ratio 201
2-22 Statement on sustainable development strategy 25, 290, 291, 292,
293, 294, 295
2-23 Policy commitments 40, 290-298
2-24 Embedding policy commitments 290-298
2-25 Processes to remediate negative impacts 314
2-26 Mechanisms for seeking advice and raising concerns 207
2-27 Compliance with laws and regulations 189, 338
2-28 Membership associations 34
2-29 Approach to stakeholder engagement 301-304
2-30 Collective bargaining agreements 101
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GRI Content Index
Disclosure
Gri Standard/ Other
Disclosure reference and/or
Source
response
Material topics
GRI 3: Material 3-1 Process to determine material topics 284, 301-304
Topics 2021 3-2 List of material topics 305-309
Economic performance
GRI 3: Material 3-3 Management of material topics 311
Topics 2021
GRI 201: Economic 201-1 Direct economic value generated and distributed 311
Performance 2016 201-3 Defined benefit plan obligations and other retirement plans 328
Market presence
GRI 3: Material 3-3 Management of material topics 328
Topics 2021
GRI 202: Market 202-1 Ratios of standard entry level wage by gender compared to local 328
Presence 2016 minimum wage
Indirect economic impacts
GRI 3: Material 3-3 Management of material topics 313
Topics 2021
GRI 203: Indirect 203-1 Infrastructure investments and services supported 314
Economic Impacts 203-2 Significant indirect economic impacts 314
2016
Anti-corruption
GRI 3: Material 3-3 Management of material topics 338
Topics 2021
GRI 205: Anti- 205-2 Communication and training about anti-corruption policies and 339
corruption 2016 procedures
Energy
GRI 3: Material 3-3 Management of material topics 343
Topics 2021
GRI 302: Energy 302-1 Energy consumption within the organisation 343
2016
Water and effluents
GRI 3: Material 3-3 Management of material topics 343
Topics 2021
GRI 303: Water and 303-3 Water withdrawal 345
Effluents 2018
Biodiversity
GRI 3: Material 3-3 Management of material topics 343
Topics 2021
GRI 304: 304-1 Operational sites owned, leased, managed in, or adjacent to, 345
Biodiversity 2016 protected areas and areas of high biodiversity value outside protected
areas
Emissions
GRI 3: Material 3-3 Management of material topics 343
Topics 2021
GRI 305: Emissions 305-1 Direct (Scope 1) GHG emissions 345
2016 305-2 Energy indirect (Scope 2) GHG emissions 345
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Chapter .06
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GRI Content Index
Disclosure
Gri Standard/ Other
Disclosure reference and/or
Source
response
Waste
GRI 3: Material 3-3 Management of material topics 343
Topics 2021
GRI 306: Waste 306-4 Waste diverted from disposal 344
2020
Employment
GRI 3: Material 3-3 Management of material topics 328
Topics 2021
GRI 401: 401-1 New employee hires and employee turnover 331
Employment 2016 401-2 Benefits provided to full-time employees that are not provided to 328
temporary or part-time employees
401-3 Parental leave 334
Occupational health and safety
GRI 3: Material 3-3 Management of material topics 333
Topics 2021
GRI 403: Occupational 403-1 Occupational health and safety management system 333-334
Health and Safety 2018
Training and education
GRI 3: Material 3-3 Management of material topics 328
Topics 2021
GRI 404: Training and 404-1 Average hours of training per year per employee 329
Education 2016 401-2 Programs for upgrading employee skills and transition assistance 329
programs
401-3 Percentage of employees receiving regular performance and career 101
development reviews
Diversity and equal opportunity
GRI 3: Material 3-3 Management of material topics 328
Topics 2021
GRI 405: Diversity and 405-1 Diversity of governance bodies 104
Equal Opportunity 2016 and employees
405-2 Ratio of basic salary and 328
remuneration of women to men
Non-discrimination
GRI 3: Material 3-3 Management of material topics 330
Topics 2021
GRI 406: Non- 406-1 Incidents of discrimination and 330
discrimination 2016 corrective actions taken
Local communities
GRI 3: Material 3-3 Management of material topics 348
Topics 2021
GRI 413: Local 413-1 Operations with local community 348
Communities 2016 engagement, impact assessments, and
development programmes
Customer privacy
GRI 3: Material 3-3 Management of material topics 321
Topics 2021
GRI 418: Customer 418-1 Substantiated complaints 324
Privacy 2016 concerning breaches of customer privacy
and losses of customer data
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Sustainability Accounting Standards Board (SASB)
Standards Index
Topic Accounting Metric Code Page
Data Security 1) Number of data breaches, (2) percentage involving personally FN-CB-230a.1
identifiable information (PII), (3) number of account holders 324
affected
Description of approach to identifying and addressing data FN-CB-230a.2
324
security risks
Financial (1) Number and (2) amount of loans outstanding qualified to FN-CB-240a.1
Inclusion & programmes designed to promote small business and community 286
Capacity development
Building (1) Number and (2) amount of past due and nonaccrual loans FN-CB-240a.2
qualified to programmes designed to promote small business and 286
community development
Number of no-cost retail checking accounts provided to FN-CB-240a.3
286
previously unbanked or underbanked customers
Number of participants in financial literacy initiatives for FN-CB-240a.4
286
unbanked, underbanked, or underserved customers
Incorporation of Commercial and industrial credit exposure, by industry FN-CB-410a.1 115
Environmental,
Description of approach to incorporation of environmental, social, FN-CB-410a.2
Social, and
and governance (ESG) factors in credit analysis
Governance 313
Factors in
Credit Analysis
Business Ethics Total amount of monetary losses as a result of legal proceedings FN-CB-510a.1
associated with fraud, insider trading, anti-trust, anti-competitive
340
behavior, market manipulation, malpractice, or other related
financial industry laws or regulations
Description of whistleblower policies and procedures FN-CB-510a.2 336, 337
Systemic Risk Description of approach to incorporation of results of mandatory FN-CB-550a.2
Management and voluntary stress tests into capital adequacy planning, long- 313
term corporate strategy, and other business activities
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Chapter .06
Sustainability Report
Feedback Form [G. 2]
Your response to the questions below are valuable to us and we welcome your feedback.
No. Question Yes No
1. This report contains useful information. { } { }
2. This report is easy to understand. { } { }
3. This report has encouraged me to contribute towards sustainability. { } { }
How important/interesting are the following aspects: (Scale 1-10)
4. Economic Performance
5. Social Performance
6. Environment Performance
7. What other information should be included in the next report?
8. What kind of contribution does the Bank need to sustainability improve?
9. Any other feedback:
Stakeholder Profile
( ) Shareholder/Investor ( ) Employee ( ) Consumer ( ) Public ( ) Government
( ) Business Partner ( ) Media ( ) NGO ( ) Others
Contact Us
Inquiries, suggestions or feedback on this sustainability report can be addressed to:
PT Bank UOB Indonesia +62 21 2350 6000 uobcare@uob.co.id UOB Indonesia,
(hunting) TMRW Indonesia
UOB Plaza
Jl. M.H Thamrin No. 10 +62 21 2993 6632 www.uob.co.id uobcards.id,
DKI Jakarta 10230 TMRWIndonesia
Indonesia 14008
UOB Indonesia
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Building the Future of ASEAN
Statement of the Members of Board of Commissioners and
Board of Directors regarding Responsibility for 2023 Annual
Report of PT Bank UOB Indonesia
We, the undersigned, hereby declare that all information in the 2023 Annual Report of
PT Bank UOB Indonesia has been completely presented, and we are fully responsible for the accuracy of
the content of this Annual Report.
This statement is hereby made truthfully.
Jakarta, 5 April 2024
Board of Commissioners
Wee Ee Cheong Chin Voon Fat Chan Kok Seong
President Commissioner Deputy President Commissioner Commissioner
Wayan Alit Antara VJH Boentaran Lesmana Johanes Susilo*
Independent Commissioner Independent Commissioner Independent Commissioner
Board of Directors
Hendra Gunawan Teh Han Yi Paul Rafiuly Harapman Kasan
President Director Director Director Director
Sonny Samuel Choi Yau Chi Henry Santoso Ardhi Wibowo
Director Director Director Compliance Director
*) Effective as of 30 January 2024.
Annual Report 2023 | PT Bank UOB Indonesia 359
Page 362
Financial Report
Page 363
PT Bank UOB Indonesia Laporan keuangan tanggal 31 Desember 2023 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Financial statements as of 31 December 2023 and for the year then ended with independent auditor’s report
Page 364
Page 365
The original financial statements included herein are in the
Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN KEUANGAN FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2023 AS OF 31 DECEMBER 2023
DAN UNTUK TAHUN YANG BERAKHIR AND FOR THE YEAR
PADA TANGGAL TERSEBUT THEN ENDED
BESERTA LAPORAN AUDITOR INDEPENDEN WITH INDEPENDENT AUDITOR’S REPORT
Daftar Isi Table of Contents
Halaman/
Pages
Laporan Auditor Independen................................... ............................................Independent Auditor’s Report
Laporan Posisi Keuangan....................................... 1-4 ......................................... Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Statement of Profit or Loss and
Komprehensif Lain.............................................. 5-6 ....................................Other Comprehensive Income
Laporan Perubahan Ekuitas ................................... 7 ........................................ Statement of Changes in Equity
Laporan Arus Kas .................................................. 8-9 .................................................. Statement of Cash Flows
Catatan atas Laporan Keuangan ............................ 10-204 ..................................... Notes to the Financial Statements
***************************
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Page 367
Page 368
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Page 370
Page 371
Page 372
Page 373
Page 374
Page 375
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Tanggal 31 Desember 2023 As of 31 December 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ Catatan/ 31 Desember/
31 December 2023 Notes 31 December 2022
ASET ASSETS
2d,2y
Kas 603.540 4,40,42 717.402 Cash
2d,2e,2y Current accounts with
Giro pada Bank Indonesia 9.901.077 5,40,41,42 8.869.574 Bank Indonesia
2d,2e,2l,2y
Giro pada bank lain 6,40,41,42 Current accounts with other banks
Pihak ketiga 942.952 1.005.778 Third parties
Pihak berelasi 41.530 2c,37 94.469 Related parties
984.482 1.100.247
Cadangan kerugian penurunan nilai (2.706) (6.313) Allowance for impairment losses
Neto 981.776 1.093.934 Net
Penempatan pada Bank Indonesia 2d,2f,2p,2y Placements with Bank Indonesia
dan bank lain 2.135.930 7,40,41,42 5.855.685 and other banks
Cadangan kerugian penurunan nilai - (56) Allowance for impairment losses
Neto 2.135.930 5.855.629 Net
2d,2g,2y,8
Efek-efek yang diperdagangkan 2.758.236 40,41,42 593.778 Trading securities
2c,2d,2h,2l
Investasi keuangan 33.051.225 2y,9,37 27.972.754 Financial investments
Cadangan kerugian penurunan nilai (13.848) (19.598) Allowance for impairment losses
Neto 33.037.377 27.953.156 Net
2d,2i,2y,10
Tagihan derivatif 40,41,42 Derivative receivables
Pihak ketiga 600.405 1.118.775 Third parties
Pihak berelasi 240.289 2c,37 201.962 Related parties
840.694 1.320.737
2d,2j,2l,2y
11,17,18,19
Kredit yang diberikan 40,41,42 Loans
Pihak ketiga 83.970.569 85.496.000 Third parties
Pihak berelasi 52.036 2c,37 38.522 Related parties
84.022.605 85.534.522
Cadangan kerugian penurunan nilai (4.110.763) (4.235.951) Allowance for impairment losses
Neto 79.911.842 81.298.571 Net
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
1
Page 376
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of 31 December 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ Catatan/ 31 Desember/
31 December 2023 Notes 31 December 2022
ASET (lanjutan) ASSETS (continued)
Tagihan atas surat berharga 2d,2l,2n Receivables on securities
yang dibeli dengan janji 2y,12,40 purchased with
dijual kembali 22.678.253 41,42 2.870.284 agreements to resell
2d,2k,2l
2x,13,40,
Tagihan akseptasi 2.508.114 41,42 3.687.076 Acceptance receivables
Cadangan kerugian penurunan nilai (9.448) (3.877) Allowance for impairment losses
Neto 2.498.666 3.683.199 Net
Aset pajak tangguhan - neto 733.560 2aa,21,40 747.018 Deferred tax assets - net
2o,2p,14
Aset tetap dan aset hak guna 30,40 Fixed assets and right-of-use assets
Biaya perolehan 4.887.324 3.338.036 Cost
Akumulasi penyusutan (2.202.552) (1.930.009) Accumulated depreciation
Nilai buku 2.684.772 1.408.027 Book value
Aset tak berwujud 2b,2q,3 Intangible assets
Aset tak berwujud 220.000 - Intangible assets
Akumulasi amortisasi (3.667) - Accumulated amortization
Nilai buku 216.333 - Book value
Goodwill 913.973 - Goodwill
Neto 1.130.306 - Net
2c,2d,2m,2r
2s,2y,2w,15
Aset lain-lain - neto 2.650.277 37,40,41,42 1.864.798 Other assets - net
TOTAL ASET 162.546.306 138.276.107 TOTAL ASSETS
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
2
Page 377
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of 31 December 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ Catatan/ 31 Desember/
31 December 2023 Notes 31 December 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
2d,2y,16
Liabilitas segera 475.355 30,42 192.839 Current liabilities
Simpanan dari nasabah 2d,2t,2y Deposits from customers
Giro 11,17,40,42 Demand deposits
Pihak ketiga 23.531.878 23.969.279 Third parties
Pihak berelasi 169.624 2c,37 197.421 Related parties
23.701.502 24.166.700
Tabungan 18 Saving deposits
Pihak ketiga 37.375.588 38.517.403 Third parties
Pihak berelasi 110.788 2c,37 130.467 Related parties
37.486.376 38.647.870
Deposito berjangka 19 Time deposits
Pihak ketiga 57.922.045 50.970.691 Third parties
Pihak berelasi 172.618 2c,37 132.010 Related parties
58.094.663 51.102.701
Total simpanan dari nasabah 119.282.541 113.917.271 Total deposits from customers
2c,2d
2u,2y,20
Simpanan dari bank lain 1.398.759 37,40,42 206.148 Deposits from other banks
2d,2y
Bunga yang masih harus dibayar 199.137 40,42 132.472 Interest payables
Utang pajak 170.850 2aa,21,40 195.938 Tax payables
2d,2y,10
Liabilitas derivatif 40,42 Derivative payables
Pihak ketiga 696.949 821.064 Third parties
Pihak berelasi 525.651 2c,37 579.471 Related parties
1.222.600 1.400.535
2d,2y,13
Liabilitas akseptasi 2.412.181 40,42 3.251.652 Acceptance payables
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji 2d,2n,2y sold under repurchase
dibeli kembali 13.295.961 22,40,42 - agreements
Liabilitas atas imbalan kerja 344.372 2z,35,40 258.405 Liabilities for employee’s benefits
Efek utang yang diterbitkan - neto 1.443.423 2c,2d,2v 1.595.668 Debt securities issued - net
2c,2d,2y,24
Liabilitas lain-lain 4.699.698 37,40,42 1.763.837 Other liabilities
TOTAL LIABILITAS 144.944.877 122.914.765 TOTAL LIABILITIES
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
3
Page 378
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of 31 December 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ Catatan/ 31 Desember/
31 December 2023 Notes 31 December 2022
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
(lanjutan) (continued)
EKUITAS EQUITY
Modal saham - nilai nominal Rp250 25 Share capital - par value Rp250
(nilai penuh) per lembar saham (full amount) per share
Modal dasar - Authorized -
36.000.000.000 lembar saham 36,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid capital -
penuh (2023: (2023:
12.227.591.633 lembar saham; 12,227,591,633 shares;
2022: 2022:
11.186.644.888 lembar saham) 3.056.898 2.796.661 11,186,644,888 shares)
Tambahan modal disetor - neto 4.938.526 26 3.698.759 Additional paid-in capital - net
Penghasilan komprehensif lain (107.463) (172.583) Other comprehensive income
Saldo laba Retained earnings
Telah ditentukan penggunaannya 145.225 135.710 Appropriated
Belum ditentukan penggunaannya 9.568.243 8.902.795 Unappropriated
TOTAL EKUITAS 17.601.429 15.361.342 TOTAL EQUITY
TOTAL LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 162.546.306 138.276.107 EQUITY
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
4
Page 379
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN LABA RUGI DAN STATEMENT OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir Pada Tanggal For the Year Ended
31 Desember 2023 31 December 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Years Ended 31 December
Catatan/
2023 Notes 2022
PENDAPATAN DAN BEBAN OPERATING INCOME AND
OPERASIONAL EXPENSES
Pendapatan dan beban bunga Interest income and expenses
Pendapatan bunga 9.944.870 2c,2w,29,38 7.571.057 Interest income
Beban bunga (4.587.972) 2c,2w,30,38 (2.431.061) Interest expenses
PENDAPATAN BUNGA - NETO 5.356.898 5.139.996 INTEREST INCOME - NET
Pendapatan operasional lainnya Other operating income
Administration fees and
Komisi dan jasa administrasi - neto 265.002 409.475 commissions - net
Keuntungan yang telah direalisasi
dan belum direalisasi atas Realized and unrealized gain
efek-efek yang dijual dan on securities sold and from
perubahan nilai wajar efek-efek changes in fair value of
yang diperdagangkan - neto 282.219 154.888 trading securities - net
Keuntungan transaksi mata Gain from foreign currency
uang asing 316.851 373.629 transactions
Lain-lain - neto 510.022 458.549 Others - net
Total pendapatan operasional Total other operating
lainnya - neto 1.374.094 1.396.541 income - net
Pembentukan penyisihan Provision for
kerugian penurunan nilai: impairment losses:
6,7,9,11
Aset keuangan (796.740) 12,13,34 (1.600.071 ) Financial assets
Agunan yang diambil alih (215) 15 959 Foreclosed assets
Total pembentukan
penyisihan kerugian Total provision for
penurunan nilai (796.955) (1.599.112) impairment losses
Beban operasional lainnya Other operating expenses
Gaji dan kesejahteraan Salaries and employees’
karyawan (2.385.807) 31 (2.037.902) benefits
General and administrative
Beban umum dan administrasi (2.630.756) 2c,30,37 (1.763.015) expenses
Total beban operasional lainnya (5.016.563) (3.800.917) Total other operating expenses
LABA OPERASIONAL 917.474 1.136.508 OPERATING INCOME
Pendapatan non-operasional Non-operating income
(Kerugian)/keuntungan (Loss)/gain on sale of fixed
penjualan aset tetap, assets, foreclosed assets,
agunan yang diambil alih dan and abandoned
properti terbengkalai - neto (5.741) 11.705 property - net
Lain-lain - neto (44) - Others - net
Total pendapatan non-operasional (5.785) 11.705 Total non-operating income
LABA SEBELUM BEBAN PAJAK 911.689 1.148.213 INCOME BEFORE TAX EXPENSE
Beban pajak (236.726) 2aa,21 (196.652) Tax expense
LABA TAHUN BERJALAN 674.963 951.561 INCOME FOR THE YEAR
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
5
Page 380
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN LABA RUGI DAN STATEMENT OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN (lanjutan) OTHER COMPREHENSIVE INCOME (continued)
Untuk Tahun yang Berakhir Pada Tanggal For the Year Ended
31 Desember 2023 31 December 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Years Ended 31 December
Catatan/
2023 Notes 2022
LABA TAHUN BERJALAN 674.963 951.561 INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE
LAIN INCOME
Pos-pos yang tidak akan Items that will not be
direklasifikasi ke laba rugi: reclassified to profit or loss:
Pengukuran kembali liabilitas Remeasurement of
imbalan kerja 3.822 35 4.020 post-employment benefits
Pajak penghasilan terkait dengan Income tax related
komponen pendapatan to components of other
komprehensif lainnya (841) (884) comprehensive income
2.981 3.136
Pos-pos yang akan direklasifikasi Items that will be reclassified
ke laba rugi: to profit or loss:
Mutasi sehubungan dengan
perubahan nilai wajar
investasi keuangan yang Movement in respect of fair value
diukur pada nilai wajar changes of financial investment
melalui penghasilan at fair value through other
komprehensif lain 79.666 9 (347.896) comprehensive income
Pajak penghasilan terkait dengan Income tax related
komponen pendapatan to component of other
komprehensif lainnya (17.527) 76.537 comprehensive income
62.139 (271.359)
Keuntungan/(kerugian) Other comprehensive
komprehensif lainnya income/(loss) for the year-
tahun berjalan - setelah pajak 65.120 (268.223) net of tax
TOTAL PENGHASILAN
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN 740.083 683.338 INCOME FOR THE YEAR
LABA PER SAHAM BASIC EARNINGS
DASAR (nilai penuh) 60 2ab,32 85 PER SHARE (full amount)
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
6
Page 381
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2023 For the Year Ended 31 December 2023
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Penghasilan komprehensif lain/
Other comprehensive income
Keuntungan/
(kerugian) yang
belum direalisasi
atas efek-efek yang
diukur pada nilai wajar
melalui penghasilan Pengukuran
komprehensif lain - neto/ kembali
Modal saham Tambahan Unrealized gain/(loss) atas liabilitas
ditempatkan dan modal disetor - on securities imbalan kerja - Saldo laba/Retained earnings
disetor penuh/ neto/ at fair value neto/
Issued and Additional through other Remeasurement Telah ditentukan Belum ditentukan
Catatan/ fully paid - paid-in comprehensive of post-employment penggunaannya/ penggunaannya/ Total ekuitas/
Notes share capital capital - net income - net benefits - net Appropriated Unappropriated Total equity
Saldo pada tanggal 31 Desember 2021 2.796.661 3.698.759 117.348 (21.708 ) 129.158 7.957.786 14.678.004 Balance as of 31 December 2021
Penghasilan komprehensif tahun berjalan Comprehensive income for the year
Laba tahun berjalan - - - - - 951.561 951.561 Income for the year
Pengukuran kembali liabilitas imbalan kerja Remeasurement of post-employment
- neto - - - 3.136 - - 3.136 benefits - net
Kerugian yang belum direalisasi atas Unrealized loss on securities
efek-efek yang diukur pada nilai wajar at fair value through other
melalui penghasilan komprehensif lain - neto 9 - - (271.359) - - - (271.359) comprehensive income - net
Total penghasilan komprehensif untuk Total comprehensive income
tahun berjalan 2022 - - (271.359) 3.136 - 951.561 683.338 for the year of 2022
Pembentukan cadangan umum 27 - - - - 6.552 (6.552) - Appropriation for general reserve
Saldo pada tanggal 31 Desember 2022 2.796.661 3.698.759 (154.011) (18.572 ) 135.710 8.902.795 15.361.342 Balance as of 31 December 2022
Penghasilan komprehensif tahun berjalan Comprehensive income for the year
Laba tahun berjalan - - - - - 674.963 674.963 Income for the year
Pengukuran kembali liabilitas imbalan kerja Remeasurement of post-employment
- neto 2.981 - - 2.981 benefits - net
Keuntungan yang belum direalisasi atas Unrealized gain on securities
efek-efek yang diukur pada nilai wajar at fair value through other
melalui penghasilan komprehensif lain - neto 9 - - 62.139 - - - 62.139 comprehensive income - net
Total penghasilan komprehensif untuk Total comprehensive income
tahun berjalan 2023 - - 62.139 2.981 - 674.963 740.083 for the year of 2023
Pembentukan cadangan umum 27 - - - - 9.515 (9.515) - Appropriation for general reserve
Penerbitan saham baru dan New shares issuance and
tambahan modal disetor 25,26 260.237 1.239.767 - - - - 1.500.004 additional paid-in capital
Saldo pada tanggal 31 Desember 2023 3.056.898 4.938.526 (91.872) (15.591 ) 145.225 9.568.243 17.601.429 Balance as of 31 December 2023
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan secara The accompanying notes to the financial statement form an integral part of these financial statements taken as a
keseluruhan. whole.
7
Page 382
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 31 December 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Years Ended 31 December
Catatan/
2023 Notes 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan pendapatan bunga 10.029.354 7.278.592 Receipts from interest income
Penerimaan pendapatan Receipts from
operasional lainnya 2.210.331 1.094.719 other operating income
Penerimaan dari penjualan agunan Receipts from sale of foreclosed
yang diambil alih 14.577 12.665 assets
Pemulihan dari kredit Recovery from loans previously
yang telah dihapusbukukan 384.191 11 266.178 written-off
Penerimaan atas penjualan kredit 141.346 11 230.052 Receipts from sale of loans
Pembayaran beban bunga (4.518.552) (2.421.896) Payment of interest expenses
Pembayaran beban operasional (4.571.454) (3.564.774) Payment of operating expenses
Pembayaran pajak penghasilan (289.382) 21 (393.177) Payment of income tax
Pembayaran transaksi non-operasional Payments of non-operating
- bersih (44) - transaction - net
Perubahan dalam aset dan Changes in operating assets and
liabilitas operasi: liabilities:
Decrease/(increase) in
Penurunan/(kenaikan) aset operasi: operating assets:
Efek-efek yang diperdagangkan (2.164.458) 8 975.157 Trading securities
Kredit yang diberikan 7.118.935 (12.187.485) Loans
Tagihan akseptasi 1.178.962 13 (883.828) Acceptance receivables
Surat berharga yang dibeli Securities purchased
dengan janji dijual kembali (19.807.969) 12 12.676.021 with agreements to resell
Aset lain-lain (924.663) (79.667) Other assets
Kenaikan/(penurunan) liabilitas Increase/(decrease) in
operasi: operating liabilities:
Liabilitas segera 282.516 16 17.167 Current liabilities
Simpanan dari nasabah: Deposits from customers:
Giro (676.328) 17 2.584.957 Demand deposits
Tabungan (6.355.419) 18 6.920.883 Saving deposits
Deposito berjangka 805.401 19 4.379.097 Time deposits
Simpanan dari bank lain 1.192.611 20 131.822 Deposits from other banks
Utang pajak 60.057 32.953 Tax payables
Liabilitas akseptasi (839.471) 13 940.374 Acceptance payables
Surat berharga yang dijual Securities sold under
dengan janji dibeli kembali 13.295.961 45 - repurchase agreements
Liabilitas lain-lain 2.703.182 574.889 Other liabilities
Kas Neto (Digunakan untuk) Net Cash (Used in)
Diperoleh dari Provided by
Aktivitas Operasi (730.316) 18.584.699 Operating Activities
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
8
Page 383
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
LAPORAN ARUS KAS (lanjutan) STATEMENT OF CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2023 31 December 2023
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal 31 Desember/
Years Ended 31 December
Catatan/
2023 Notes 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Hasil penjualan Proceeds from sales of
aset tetap dan properti fixed assets and
terbengkalai 4.926 14 15.834 abandoned property
Hasil bersih dari Net proceed from
akuisisi consumer business 3.015.300 3 - consumer business acquisition
Pembelian investasi Purchase of financial
keuangan (4.675.886) 9 (11.805.956) investments
Perolehan aset tetap (1.464.983) 14 (432.783) Acquisitions of fixed assets
Kas Neto Digunakan untuk Net Cash Used in
Aktivitas Investasi (3.120.643) (12.222.905) Investing Activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Pembayaran atas efek utang Payment of debt securities
yang jatuh tempo (155.000) 23,45 - issued that have matured
Penerimaan atas efek utang Proceeds from debt
yang diterbitkan - 23,45 100.000 securities issued
Pembayaran biaya transaksi Payment of debt transaction
utang - 23 (5.360) costs
Pembayaran atas surat Payment of securities
berharga yang dijual sold under repurchase
dengan janji dibeli kembali - 45 (12.981) agreements
Penerimaan setoran modal 1.500.004 - Proceeds from capital injection
Liabilitas sewa (60.087) 45 (52.542) Lease liabilities
Kas Neto Diperoleh dari Net Cash Provided by
Aktivitas Pendanaan 1.284.917 29.117 Financing Activities
(Penurunan)/kenaikan neto Net (decrease)/increase in Cash
Kas dan Setara Kas (2.566.042) 6.390.911 and Cash Equivalents
Pengaruh neto perubahan kurs Net effect on exchange rate
pada Kas dan Setara Kas (30.766) 325.575 on Cash and Cash Equivalents
Kas dan Setara Kas Cash and Cash Equivalents
Awal Tahun 16.542.908 9.826.422 At Beginning of Year
Kas dan Setara Kas Cash and Cash Equivalents
Akhir Tahun 13.946.100 16.542.908 At The End Of Year
Components of Cash and Cash
Komponen Kas dan Setara Kas Equivalents
Kas 603.540 4 717.402 Cash
Current accounts with
Giro pada Bank Indonesia 9.901.077 5 8.869.574 Bank Indonesia
Giro pada bank lain 984.482 6 1.100.247 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain - jatuh and other banks - maturing
tempo dalam 3 bulan within 3 months
sejak tanggal perolehan 2.457.001 7 5.855.685 from the date of acquisition
Total 13.946.100 16.542.908 Total
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
9
Page 384
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank dan Informasi Umum a. Establishment of the Bank and General
Information
PT Bank UOB Indonesia (dahulu PT Bank PT Bank UOB Indonesia (formerly PT Bank
UOB Buana) (“Bank”) didirikan di Indonesia UOB Buana) (the “Bank”) was established in
berdasarkan Akta Pendirian No. 150 tanggal Indonesia based on the Deed of Establishment
31 Agustus 1956 yang dibuat di hadapan No. 150 dated 31 August 1956 drawn up
Notaris Eliza Pondaag, S.H. Akta pendirian before Eliza Pondaag, S.H. The Deed of
ini disahkan oleh Menteri Kehakiman Establishment was approved by the Minister of
Republik Indonesia dalam Surat Keputusan Justice of the Republic of Indonesia in Decree
No. J.A 5/78/4 tanggal 24 Oktober 1956, Letter No. J.A 5/78/4 dated 24 October 1956,
didaftarkan pada Pengadilan Negeri Jakarta as recorded at the Jakarta Court of Justice
dengan No. 1811 tanggal 27 Oktober 1956 under registration No. 1811 dated 27 October
dan telah diumumkan dalam Berita Negara 1956 and was published in State Gazette of
Republik Indonesia No. 96, Tambahan the Republic of Indonesia No. 96, Supplement
No.1243 tanggal 30 November 1956. No. 1243 dated 30 November 1956.
Bank memulai aktivitas perbankan secara The Bank's commercial banking activities
komersial pada tanggal 1 November 1956 began on 1 November 1956 based on the
berdasarkan Surat Keputusan Menteri Decision Letter of The Ministry of Finance of
Keuangan Republik Indonesia No. the Republic of Indonesia No. 203443/U.M.II
203443/U.M.II tanggal 15 Oktober 1956 dated 15 October 1956 about Granting
tentang Pemberian Izin Usaha PT Bank Business License of PT Bank Buana
Buana Indonesia berkedudukan di Jakarta. Indonesia located in Jakarta. Based on Article
Sesuai dengan Pasal 3 Anggaran Dasar 3 of the Bank’s Articles of Association, the
Bank, ruang lingkup kegiatan usaha Bank scope of the Bank’s business is to engage in
adalah menjalankan kegiatan umum general banking activities. The Bank also
perbankan. Bank telah memperoleh izin obtained a license to run the activities as a
untuk menjalankan aktivitas sebagai bank foreign bank based on Bank Indonesia (BI)
devisa berdasarkan Surat Keputusan Governor Decree No. 9/39/KEP/DIR/UD dated
Gubernur Bank Indonesia (BI) 22 July 1976.
No. 9/39/KEP/DIR/UD tanggal 22 Juli 1976.
Pada tahun 2000, Bank mengubah status In 2000, the Bank changed the status of the
Perseroan menjadi perusahaan terbuka Company into a public company with the initial
dengan melakukan penawaran umum public offering of as many as 194 million
perdana kepada masyarakat sebanyak 194 shares to the public. The status change of the
juta saham. Perubahan status Bank menjadi Bank into a public company has been
perusahaan terbuka telah disetujui oleh approved by Bapepam-LK based on the Letter
Bapepam-LK berdasarkan Surat Ketua from the Chairman of the Capital Market
Badan Pengawas Pasar Modal Supervisory Board No. S-1544/PM/2000,
No. S-1544/PM/2000, tanggal 27 Juni 2000. dated 27 June 2000. Furthermore, in 2002,
Selanjutnya pada tahun 2002, 2003 dan 2003 and 2006, the Bank conducted Limited
2006, Bank melakukan Penawaran Umum Public Offering I, II and III.
Terbatas I, II dan III.
10
Page 385
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank dan Informasi Umum a. Establishment of the Bank and General
(lanjutan) Information (continued)
Pada tahun 2008, Rapat Umum Pemegang In 2008, the General Meeting of Shareholders
Saham (RUPS) Bank telah menyetujui of the Bank has approved the change in the
perubahan status Bank dari perusahaan Bank’s status from publicly listed to private
terbuka menjadi perusahaan tertutup dan company and delisted the Bank’s shares at
menghapuskan pencatatan (delisting) saham Indonesian Stock Exchange (BEI). The
Bank di Bursa Efek Indonesia (BEI). change in status, including the delisting
Perubahan status termasuk delisting tersebut process, had been conducted in compliance to
telah dilakukan sesuai dengan persyaratan the requirements determined by Financial
yang ditentukan oleh Otoritas Jasa Service Authority (formerly Capital Market and
Keuangan (dahulu Bapepam dan LK) dan Financial Institution Supervisory Agency) and
BEI, dan Bank telah menyelesaikan hak-hak BEI, and the Bank had settled the rights of
pemegang saham minoritas melalui proses minority shareholders through tender offer
penawaran tender sesuai dengan ketentuan process in accordance with applicable
yang berlaku. Berdasarkan Akta Pernyataan regulations. Pursuant to the Deed of
Keputusan Rapat Umum Pemegang Saham Statement of Resolutions of Extraordinary
Luar Biasa No. 16 tanggal 16 Januari 2009, Meeting of Shareholders No. 16 dated
dibuat di hadapan Fathiah Helmi, S.H., 16 January 2009, drawn up before Fathiah
Notaris di Jakarta dan telah disetujui oleh Helmi, S.H., Notary in Jakarta and approved
Kementerian Hukum dan Hak Asasi Manusia by the Minister of Laws and Human Rights
berdasarkan Surat Persetujuan No. AHU- through Letter of Approval No. AHU-
26687.AH.01.02. Tahun 2009 tanggal 26687.AH.01.02. Year 2009 dated 17 June
17 Juni 2009, Anggaran Dasar Bank telah 2009, the Articles of Association of the Bank
diubah sehubungan dengan perubahan have been amended in relation to the change
status Bank dari perusahaan terbuka (publik) in the Bank’s status from a publicly listed to a
menjadi perusahaan tertutup. private company.
Berdasarkan Akta Pernyataan Keputusan By virtue of Deed of Resolutions Statement of
Rapat Umum Pemegang Saham Luar Biasa Extraordinary General Meeting of
No. 12 tanggal 15 April 2010, dibuat di Shareholders No. 12 dated 15 April 2010,
hadapan Fathiah Helmi, S.H., Notaris di drawn up before Fathiah Helmi, S.H., Notary in
Jakarta dan telah diberitahukan kepada Jakarta and as notified to the Minister of Laws
Kementerian Hukum dan Hak Asasi Manusia and Human Rights through Letter of
berdasarkan Surat Penerimaan Notification Receipt No. AHU-AH.01.10-14548
Pemberitahuan No. AHU-AH.01.10-14548 dated 14 June 2010, the shareholders of the
tanggal 14 Juni 2010, para pemegang saham Bank (whose name at the time was PT Bank
Bank (yang pada saat itu bernama PT Bank UOB Buana) agreed to merge its business
UOB Buana) setuju untuk melakukan with a bank whose name at the time was
penggabungan usaha dengan suatu bank PT Bank UOB Indonesia.
yang pada saat itu bernama PT Bank UOB
Indonesia.
Pada tanggal 30 Juni 2010, Bank (yang pada On 30 June 2010, the Bank (whose name at
saat itu bernama PT Bank UOB Buana) the time was PT Bank UOB Buana) effectively
secara efektif menerima penggabungan accepted the business merger of PT Bank
usaha PT Bank UOB Indonesia. UOB Indonesia. This merger had obtained the
Penggabungan tersebut telah memperoleh approval of Bank Indonesia (BI) under Decree
persetujuan dari Bank Indonesia (BI) of BI Governor No. 12/45/KEP.GBI/2010 dated
berdasarkan Surat Keputusan Gubernur BI 10 June 2010 regarding Granting of Merger
No. 12/45/KEP.GBI/2010 tanggal 10 Juni Permit of PT Bank UOB Indonesia into
2010 tentang Pemberian Izin Penggabungan PT Bank UOB Buana. The permit still applies
Usaha (Merger) PT Bank UOB Indonesia ke as the business permit of the Bank as the
dalam PT Bank UOB Buana. Izin tersebut surviving bank.
tetap berlaku sebagai izin usaha Bank
sebagai perusahaan hasil penggabungan.
11
Page 386
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank dan Informasi Umum a. Establishment of the Bank and General
(lanjutan) Information (continued)
Pada bulan Mei 2011, Bank melakukan In May 2011, the Bank changed its name from
perubahan nama dari PT Bank UOB Buana PT Bank UOB Buana into PT Bank UOB
menjadi PT Bank UOB Indonesia dan telah Indonesia and has obtained approval from BI
memperoleh persetujuan dari BI berdasarkan by virtue of BI Governor Decree No.
Surat Keputusan Gubernur BI 13/34/KEP.GBI/2011 dated 19 May 2011
No. 13/34/KEP.GBI/2011 tanggal 19 Mei regarding the Change of Business Permit Use
2011 tentang Perubahan Penggunaan Izin on Behalf of PT Bank UOB Buana into a
Usaha Atas Nama PT Bank UOB Buana Business License Under Name of PT Bank
menjadi Izin Usaha Atas Nama PT Bank UOB UOB Indonesia.
Indonesia.
Setelah pendiriannya, Anggaran Dasar Bank After its establishment, the Bank’s Articles of
telah mengalami beberapa kali perubahan, Association have been amended several
perubahan terakhir sebagaimana dinyatakan times, the latest amendment was stated on the
dalam Akta Pernyataan Keputusan Rapat Deed of State Resolutions of the Amendment
Perubahan Anggaran Dasar No. 38 tanggal of Articles of Association No. 38 dated
20 November 2023 mengenai perubahan 20 November 2023 change of Article 4
Pasal 4 ayat (2), yang dibuat di hadapan paragraph (2), drawn up before Aulia Taufani,
Aulia Taufani, S.H., Notaris di Jakarta. S.H., Notary in Jakarta. The amendment of the
Perubahan Anggaran Dasar Bank tersebut Bank’s Articles of Association has been
telah diterima dan dicatat dalam Sistem received and recorded by Ministry of Laws and
Administrasi Badan Hukum Kementerian Human Rights of the Republic of Indonesia as
Hukum dan Hak Asasi Manusia Republik stated in the Letter No. AHU-AH.01.03-
Indonesia No. AHU-AH.01.03-0145724 0145724 dated 23 November 2023.
tanggal 23 November 2023.
Kantor pusat Bank berlokasi di The Bank’s head office is located at Jl. M.H.
Jl. M.H. Thamrin No. 10, Jakarta. Pada Thamrin No. 10, Jakarta. As of 31 December
tanggal 31 Desember 2023, jaringan layanan 2023, the Bank’s service network covers 42
Bank mencakup 42 kantor cabang, 89 kantor branches, 89 sub-branches and 142 ATMs
cabang pembantu dan 142 ATM yang across 44 cities/regencies in 16 provinces
tersebar di 44 kota/kabupaten di 16 provinsi which collaborate with ATM Prima and ATM
yang bekerja sama dengan jaringan ATM Bersama networks, VISA global network and
Prima dan ATM Bersama, dan jaringan VISA regional ATM network of the United Overseas
di seluruh dunia, serta jaringan regional ATM Bank Limited business group.
grup usaha United Overseas Bank Limited.
Pada tanggal 26 Oktober 2023, Bank On 26 October 2023, the Bank has received
mendapatkan persetujuan Rapat Umum approval from the Extraordinary General
Pemegang Saham Luar Biasa untuk Meeting of Shareholders to increase the
meningkatkan modal ditempatkan dan Bank’s issued and paid-up capital by issuing
disetor Bank dengan cara mengeluarkan new shares of 1,040,946,745 shares with
saham baru sebanyak 1.040.946.745 lembar nominal amount of Rp250 (full amount) per
saham dengan nilai nominal masing-masing share with offering price of Rp1,441 (full
Rp250 (nilai penuh) per lembar saham amount) per share.
dengan harga penawaran Rp1.441 (nilai
penuh) per lembar saham.
12
Page 387
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank dan Informasi Umum a. Establishment of the Bank and General
(lanjutan) Information (continued)
Bank dimiliki sebesar 68,943% oleh UOB The Bank is 68.943% owned by UOB
International Investment Private Limited International Investment Private Limited
(UOBII), anak perusahaan dari United (UOBII), a subsidiary of United Overseas Bank
Overseas Bank Limited, Singapura (UOB), Limited, Singapore (UOB), 30.056% is owned
30,056% dimiliki oleh UOB, 1,000% dimiliki by UOB, 1.000% is owned by Yayasan
oleh Yayasan Kesejahteraan Nusantara dan Kesejahteraan Nusantara and 0.001% is
sebesar 0,001% dimiliki oleh lain-lain owned by others (Note 25).
(Catatan 25).
Penawaran Umum Obligasi Public Offering of Bonds
Pada bulan Maret 2022, Bank melakukan In March 2022, the Bank conducted public
Penawaran Umum Obligasi Subordinasi offering of Bank UOB Indonesia Subordinated
Berkelanjutan III Bank UOB Indonesia Debt Shelf Offering III with target total funds of
dengan target total dana yang dihimpun Rp2,000,000,000,000 (full amount) (Note 23).
sebesar Rp2.000.000.000.000 (nilai penuh)
(Catatan 23).
Pada bulan September 2021, Bank In September 2021, the Bank conducted
melakukan Penawaran Umum Obligasi public offering of Bank UOB Indonesia Senior
Berkelanjutan III Bank UOB Indonesia Debt Shelf Offering III with target total funds of
dengan target total dana yang dihimpun Rp2,000,000,000,000 (full amount) (Note 23).
sebesar Rp2.000.000.000.000 (nilai penuh)
(Catatan 23).
Pada bulan Juni 2019, Bank melakukan In June 2019, the Bank conducted public
Penawaran Umum Obligasi Subordinasi offering of Bank UOB Indonesia Subordinated
Berkelanjutan II Bank UOB Indonesia dengan Debt Shelf Offering II with target total funds of
target total dana yang dihimpun sebesar Rp2,000,000,000,000 (full amount) (Note 23).
Rp2.000.000.000.000 (nilai penuh)
(Catatan 23).
Pada tahun 2018, Bank telah melakukan In 2018, the Bank conducted public offering of
Penawaran Umum Obligasi Berkelanjutan II Bank UOB Indonesia Senior Debt Shelf
Bank UOB Indonesia dengan target total Offering II with target total funds of
dana yang dihimpun sebesar Rp3,000,000,000,000 (full amount) (Note 23).
Rp3.000.000.000.000 (nilai penuh)
(Catatan 23).
Pada tahun 2016, Bank telah melakukan In 2016, Bank conducted public offering of
Penawaran Umum Obligasi Berkelanjutan I Bank UOB Indonesia Senior Debt Shelf
Bank UOB Indonesia dan Penawaran Umum Offering I and Bank UOB Indonesia
Obligasi Subordinasi Berkelanjutan I Bank Subordinated Debt Shelf Offering I with target
UOB Indonesia dengan target total dana total funds of Rp2,000,000,000,000
yang dihimpun masing-masing sebesar (full amount) and Rp1,000,000,000,000
Rp2.000.000.000.000 (nilai penuh) dan (full amount), respectively (Note 23).
Rp1.000.000.000.000 (nilai penuh)
(Catatan 23).
13
Page 388
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank dan Informasi Umum a. Establishment of the Bank and General
(lanjutan) Information (continued)
Dalam rangka penawaran umum tersebut Regarding the public offering, the Bank issued
Bank menerbitkan obligasi-obligasi sebagai bonds as follows (Note 23):
berikut (Catatan 23):
1. Obligasi Subordinasi Berkelanjutan I 1. Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Tahun Shelf Offering I Phase I 2016 with total
2016 dengan jumlah pokok sebesar amount of Rp100,000,000,000 (full
Rp100.000.000.000 (nilai penuh) amount) that was subject to fixed interest
dikenakan suku bunga tetap sebesar rate of 9.40% per annum which was
9,40% per tahun yang dibayarkan payable every three months with a seven-
setiap tiga bulan dan jangka waktu year term and has already matured on
selama tujuh tahun dan telah jatuh 25 November 2023
tempo pada tanggal 25 November
2023.
Bank telah melakukan pelunasan The Bank has paid the principal of Bank
pokok atas Obligasi Subordinasi UOB Indonesia Subordinated Debt Shelf
Berkelanjutan I Bank UOB Indonesia Offering I Phase I 2016 with nominal value
Tahap I Tahun 2016 dengan nilai of Rp100,000,000,000 (full amount) which
nominal sebesar Rp100.000.000.000 matured on 25 November 2023 (Note 23).
(nilai penuh) yang jatuh tempo pada
tanggal 25 November 2023
(Catatan 23).
2. Obligasi Subordinasi Berkelanjutan I 2. Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap II Tahun Shelf Offering I Phase II 2017 with total
2017 dengan jumlah pokok sebesar amount of Rp500,000,000,000 (full
Rp500.000.000.000 (nilai penuh) amount) that was subject to fixed interest
dikenakan suku bunga tetap sebesar rate of 9.25% per annum which is payable
9,25% per tahun yang dibayarkan every three months with a seven-year
setiap tiga bulan dan jangka waktu term and will mature on 17 October 2024
selama tujuh tahun dan akan jatuh (Note 23).
tempo pada tanggal 17 Oktober 2024
(Catatan 23).
3. Obligasi Berkelanjutan I Bank UOB 3. Bank UOB Indonesia Senior Debt Shelf
Indonesia Tahap II Tahun 2018 dengan Offering I Phase II Year 2018 totalling
jumlah pokok sebesar Rp1,000,000,000,000 (full amount)
Rp1.000.000.000.000 (nilai penuh) consists of Bonds Series A amounting to
yang terbagi menjadi Obligasi Seri A Rp862,000,000,000 (full amount), Series
sebesar Rp862.000.000.000 (nilai B amounting to Rp83,000,000,000 (full
penuh), Obligasi Seri B sebesar amount) and Series C amounting to
Rp83.000.000.000 (nilai penuh) dan Rp55,000,000,000 (full amount) with fixed
Obligasi Seri C sebesar interest rates of 6.15%, 7.40% and
Rp55.000.000.000 (nilai penuh) yang 7.65%, respectively, which is repayable
dikenakan tingkat bunga tetap per tahun every three months and have already
masing-masing sebesar 6,15%, 7,40% matured on 3 June 2019, 23 May 2021
dan 7,65%, yang dibayarkan setiap tiga and 23 May 2023, respectively.
bulan dan telah jatuh tempo masing-
masing pada tanggal 3 Juni 2019,
23 Mei 2021 dan 23 Mei 2023.
14
Page 389
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank dan Informasi Umum a. Establishment of the Bank and General
(lanjutan) Information (continued)
Dalam rangka penawaran umum tersebut Regarding the public offering, the Bank issued
Bank menerbitkan obligasi-obligasi sebagai bonds as follows (Note 23): (continued)
berikut (Catatan 23): (lanjutan)
Bank telah melakukan pelunasan pokok The Bank has paid the principal of Bank
atas Obligasi Berkelanjutan I Bank UOB UOB Indonesia Senior Debt Shelf
Indonesia Tahap II Tahun 2018 Seri A, Offering I Phase II Year 2018 Series A, B
B dan C dengan nilai nominal masing- and C with nominal value of
masing sebesar Rp862.000.000.000 Rp862,000,000,000 (full amount),
(nilai penuh), Rp83.000.000.000 (nilai Rp83,000,000,000 (full amount) and
penuh) dan Rp55.000.000.000 (nilai Rp55,000,000,000 (full amount) which
penuh) yang jatuh tempo masing- matured on 3 June 2019, 23 May 2021
masing pada tanggal 3 Juni 2019, and 23 May 2023 respectively (Note 23).
23 Mei 2021 dan 23 Mei 2023
(Catatan 23).
4. Obligasi Subordinasi Berkelanjutan II 4. Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Tahun Shelf Offering II Phase I 2019 on 4 July
2019 pada tanggal 4 Juli 2019 dengan 2019 with tenor of 7 years since issuance
jangka waktu selama 7 tahun dan date totalling to Rp100,000,000,000 (full
jumlah pokok sebesar amount) with fixed interest rate of 9.85%
Rp100.000.000.000 (nilai penuh) (Note 23).
dengan tingkat bunga tetap sebesar
9,85% (Catatan 23).
5. Obligasi Subordinasi Berkelanjutan II 5. Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap II Tahun Shelf Offering II Phase II 2019 on 13
2019 pada tanggal 13 November 2019 November 2019 with tenor of 7 years
dengan jangka waktu selama 7 tahun since issuance date totalling to
dan jumlah pokok sebesar Rp650,000,000,000 (full amount) with
Rp650.000.000.000 (nilai penuh) fixed interest rate of 9.25% (Note 23).
dengan tingkat bunga tetap sebesar
9,25% (Catatan 23).
6. Obligasi Berkelanjutan III Bank UOB 6. Bank UOB Indonesia Senior Debt Shelf
Indonesia Tahap I Tahun 2021 dengan Offering III Phase I Year 2021 totalling to
jumlah pokok sebesar Rp100,000,000,000 (full amount) with
Rp100.000.000.000 (nilai penuh) fixed interest rate of 5.65% which is
dengan tingkat bunga tetap per tahun repayable every three months and will
sebesar 5,65% yang dibayarkan setiap mature on 2 September 2024 (Note 23).
tiga bulan dan akan jatuh tempo pada
tanggal 2 September 2024 (Catatan
23).
7. Obligasi Subordinasi Berkelanjutan III 7. Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Tahun Shelf Offering III Phase I Year 2022 on 8
2022 pada tanggal 8 Maret 2022 March 2022 with tenor of 7 years since
dengan jangka waktu 7 tahun dan issuance date and totalling to
jumlah pokok sebesar Rp100,000,000,000 (full amount) with
Rp100.000.000.000 (nilai penuh) fixed interest rate of 8.00% which is
dengan tingkat bunga tetap per tahun repayable every three months and will
sebesar 8,00% yang dibayarkan setiap mature on 8 March 2029 (Note 23).
tiga bulan dan akan jatuh tempo pada
tanggal 8 Maret 2029 (Catatan 23).
15
Page 390
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Dewan Komisaris, Direksi dan Karyawan b. The Board of Commissioners, the Board of
Directors and Employees
Susunan Dewan Komisaris pada tanggal The composition of the Bank’s Board of
31 Desember 2023 dan 2022 adalah Commissioners as of 31 December 2023 and
sebagai berikut: 2022 are as follows:
31 Desember 2023/
31 December 2023
Komisaris Utama Wee Ee Cheong President Commissioner
Wakil Komisaris Utama Chin Voon Fat Deputy President Commissioner
Komisaris Chan Kok Seong Commissioner
Komisaris Independen Wayan Alit Antara Independent Commissioner
Komisaris Independen VJH Boentaran Lesmana Independent Commissioner
Komisaris Independen Johanes Susilo* Independent Commissioner
* Johanes Susilo diangkat sebagai Komisaris Independen berdasarkan keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 26 Oktober 2023 dan telah
mendapatkan persetujuan dari Otoritas Jasa Keuangan sehingga telah efektif menjabat sejak tanggal 30 Januari 2024./ Johanes Susilo has been appointed as
Independent Commissioner based on the resolution of the Extraordinary General Meeting of Shareholders dated 26 October 2023 and has obtained approval
from Financial Services Authority (Otoritas Jasa Keuangan) therefore has effectively served since 30 January 2024.
31 Desember 2022/
31 December 2022
Komisaris Utama Wee Ee Cheong President Commissioner
Wakil Komisaris Utama Chin Voon Fat Deputy President Commissioner
Komisaris Chan Kok Seong Commissioner
Komisaris Independen Wayan Alit Antara Independent Commissioner
Komisaris Independen Aswin Wirjadi* Independent Commissioner
Komisaris Independen VJH Boentaran Lesmana Independent Commissioner
* Aswin Wirjadi mengundurkan diri dari jabatannya sebagai Komisaris Independen berdasarkan keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal
26 Oktober 2023./Aswin Wirjadi has resigned from his position as Independent Commissioner based on the resolution of the Extraordinary General Meeting of
Shareholders dated 26 October 2023.
Susunan Direksi Bank pada tanggal The composition of the Bank’s Board of
31 Desember 2023 dan 2022 adalah sebagai Directors as of 31 December 2023 and 2022
berikut: are as follows:
31 Desember/
31 December 2023
Direktur Utama Hendra Gunawan President Director
Direktur Keuangan dan Finance and Corporate
Layanan Korporasi Teh Han Yi Services Director
Direktur Kepatuhan, Legal Compliance, Legal and
dan Sekretaris Perusahaan Ardhi Wibowo Corporate Secretary Director
Direktur Teknologi dan Operasional Paul Rafiuly Technology and Operations Director
Direktur Wholesale Banking Harapman Kasan Wholesale Banking Director
Direktur Global Markets Sonny Samuel Global Markets Director
Direktur Strategic Business Development, Strategic Business Development
Retail & Channels Transformation Choi Yau Chi Retail & Channels Transformation Director
Direktur Manajemen Risiko Henry Santoso Risk Management Director
16
Page 391
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Dewan Komisaris, Direksi dan Karyawan b. The Board of Commissioners, the Board
(lanjutan) of Directors and Employees (continued)
Susunan Direksi Bank pada tanggal The composition of the Bank’s Board of
31 Desember 2023 dan 2022 adalah sebagai Directors as of 31 December 2023 and 2022
berikut: (lanjutan) are as follows: (continued)
31 Desember/
31 December 2022
Direktur Utama Hendra Gunawan President Director
Direktur Keuangan dan Finance and Corporate
Layanan Korporasi Teh Han Yi Services Director
Direktur Kepatuhan, Legal Compliance, Legal and
dan Sekretaris Perusahaan Ardhi Wibowo Corporate Secretary Director
Direktur Teknologi dan Operasional Paul Rafiuly Technology and Operations Director
Direktur Wholesale Banking Harapman Kasan Wholesale Banking Director
Direktur Global Markets Sonny Samuel Global Markets Director
Direktur Consumer Banking Choi Yau Chi Consumer Banking Director
Direktur Manajemen Risiko Henry Santoso* Risk Management Director
* Henry Santoso diangkat sebagai Direktur berdasarkan keputusan Rapat Umum Pemegang Saham Luar Biasa tanggal 29 November 2022 dan telah mendapatkan
persetujuan dari regulator sehingga efektif menjabat sejak tanggal 12 Desember 2022./Henry Santoso has been appointed as Director based on the resolution of
the Extraordinary General Meeting of Shareholders dated 29 November 2022 and obtained approval from regulator therefore effectively served on 12 December
2022.
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, the
susunan Komite Audit diputuskan melalui composition of the Audit Committee was
Rapat Dewan Komisaris tanggal 4 April 2023 appointed based on the Resolution of the
dan ditetapkan berdasarkan Surat Board of Commissioners Meeting on 4 April
Keputusan Direksi No. 23/SKDIR/0057 2023 and established by Decree of the Board
tanggal 3 Mei 2023. of Directors No. 23/SKDIR/0057 dated 3 May
2023.
Susunan Komite Audit pada tanggal The composition of the Audit Committee as of
31 Desember 2023 dan 2022 adalah sebagai 31 December 2023 and 2022 are as follows:
berikut:
31 Desember 2023/
31 December 2023
Ketua Komite Audit VJH Boentaran Lesmana* Chairman of Audit Committee
Anggota Humbul Kristiawan Member
Anggota Burlita Member
* VJH Boentaran Lesmana efektif menjabat sebagai Ketua Komite Audit sejak tanggal 3 Mei 2023./VJH Boentaran Lesmana effectively served as Chairman of
Audit Committee since 3 May 2023.
31 Desember 2022/
31 December 2022
Ketua Komite Audit Aswin Wirjadi Chairman of Audit Committee
Anggota Humbul Kristiawan Member
Anggota Burlita Member
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, Corporate
Kepala Sekretaris Perusahaan adalah Secretary Head is Susilowati based on
Susilowati berdasarkan Surat Keputusan the Board of Directors’ Decree
Direksi No. 15/SKDIR/0021 tanggal 25 Juni No. 15/SKDIR/0021 dated 25 June 2015.
2015.
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, Internal
Kepala Satuan Kerja Audit Intern (Kepala Audit Unit Head is Imbang Perdana Satryawan
SKAI) adalah Imbang Perdana Satryawan based on the Board of Directors’ Decree
berdasarkan Surat Keputusan Direksi No. 22/SKDIR/0007 dated 27 January 2022.
No. 22/SKDIR/0007 tanggal 27 Januari 2022.
17
Page 392
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Dewan Komisaris, Direksi dan Karyawan b. The Board of Commissioners, the Board of
(lanjutan) Directors and Employees (continued)
Imbalan kerja jangka pendek yang diterima Short-term employee benefits received by the
oleh Dewan Komisaris dan Direksi Bank Bank’s Board of Commissioners and the Board
untuk tahun yang berakhir pada tanggal of Directors for the years ended 31 December
31 Desember 2023 dan 2022 masing-masing 2023 and 2022 amounted to Rp96,194 and
sebesar Rp96.194 dan Rp71.986 Rp71,986, respectively (Note 37g).
(Catatan 37g).
Imbalan kerja jangka panjang yang diterima Long-term employee benefits received by the
oleh Dewan Komisaris dan Direksi Bank Bank’s Board of Commissioners and the Board
untuk tahun yang berakhir pada tanggal of Directors for the years ended 31 December
31 Desember 2023 dan 2022 masing-masing 2023 and 2022 amounted to Rp12,588 and
sebesar Rp12.588 dan Rp7.473. Biaya yang Rp7,473, respectively. Expenses incurred by
dikeluarkan oleh Bank terkait program the Bank relating to post-employment benefits
imbalan pasca kerja Dewan Komisaris dan of the Bank’s Board of Commissioners and the
Direksi Bank dengan jumlah masing-masing Board of Directors amounted to Rp1,707 and
sebesar Rp1.707 dan Rp1.194 untuk tahun Rp1,194 for the year ended 31 December 2023
yang berakhir pada tanggal 31 Desember and 2022, respectively (Note 37g).
2023 dan 2022 (Catatan 37g).
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, the Bank
Bank memiliki total karyawan masing-masing had 4,252 and 3,273 employees, respectively
sebanyak 4.252 dan 3.273 orang (tidak (unaudited).
diaudit).
2. Ikhtisar Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material Information
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: set out below:
a. Dasar Penyajian Laporan Keuangan a. Basis of Preparation of the Financial
Statements
Laporan keuangan disusun dan disajikan The financial statements have been prepared
sesuai dengan Standar Akuntansi Keuangan and presented in accordance with Indonesian
di Indonesia dan Peraturan Bapepam dan LK Financial Accounting Standards and Bapepam
No. VIII.G.7 Lampiran Keputusan Ketua and LK regulation No. VIII.G.7 Attachment of
Bapepam dan LK No. KEP-347/BL/2012 the Chairman of Bapepam and LK’s decree
tanggal 25 Juni 2012 tentang “Pedoman No. KEP-347/BL/2012 dated 25 June 2012
Penyajian dan Pengungkapan Laporan regarding “Guidelines for Financial Statements
Keuangan Emiten atau Perusahaan Publik”. Presentation and Disclosure for Issuer or
Public Companies”.
Laporan keuangan kecuali laporan arus kas, The financial statements, except for the
disusun dengan dasar akrual dan statement of cash flows, are prepared using
berdasarkan konsep biaya historis, kecuali the accrual basis and based on historical cost
beberapa akun tertentu yang disusun concept, except for certain accounts which are
berdasarkan pengukuran lain sebagaimana measured on the bases described in the
diuraikan dalam kebijakan akuntansi masing- related accounting policies for those accounts.
masing akun tersebut.
18
Page 393
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
a. Dasar Penyajian Laporan Keuangan a. Basis of Preparation of the Financial
(lanjutan) Statements (continued)
Laporan arus kas disusun menggunakan The statement of cash flows have been
metode langsung yang dimodifikasi dan arus prepared using the modified direct method and
kas dikelompokkan atas dasar aktivitas the cash flows have been classified on the
operasi, investasi dan pendanaan. Kas dan basis of operating, investing and financing
setara kas terdiri dari kas, giro pada Bank activities. Cash and cash equivalents consist
Indonesia dan giro pada bank lain, of cash, current accounts with Bank Indonesia
penempatan pada Bank Indonesia dan bank and current accounts with other banks,
lain, dan investasi keuangan yang jatuh placements with Bank Indonesia and other
tempo dalam waktu 3 bulan sejak tanggal banks, and financial investments, maturing
perolehan, sepanjang tidak digunakan within 3 months or less from the acquisition
sebagai jaminan atas pinjaman yang diterima date provided they are not used as collateral
serta tidak dibatasi penggunaannya. for borrowings nor restricted.
Pos-pos dalam Penghasilan Komprehensif The items under Other Comprehensive
Lainnya disajikan terpisah antara akun-akun Income (OCI) are presented separately
yang akan direklasifikasikan ke laba rugi dan between items to be reclassified to profit or
akun-akun yang tidak akan direklasifikasikan loss and those items not to be reclassified to
ke laba rugi. profit or loss.
Dalam penyusunan laporan keuangan sesuai The preparation of financial statements in
dengan Standar Akuntansi Keuangan di conformity with Indonesian Financial
Indonesia, dibutuhkan estimasi dan asumsi Accounting Standards requires the use of
yang mempengaruhi: estimates and assumptions that affect:
- Nilai aset dan liabilitas yang dilaporkan, - The reported amounts of assets and
dan pengungkapan atas aset dan liabilitas liabilities and disclosure of contingent
kontinjensi pada tanggal laporan assets and liabilities at the date of financial
keuangan. statements.
- Jumlah pendapatan dan beban selama - The reported amounts of revenues and
periode pelaporan. expenses during the reporting period.
Walaupun estimasi ini dibuat berdasarkan Although these estimates are based on
pengetahuan terbaik Manajemen atas Management’s best knowledge of current
kejadian dan aktivitas saat ini, hasil akhir events and activities, actual results may differ
mungkin berbeda dengan jumlah yang from those estimates.
diestimasi.
Mata uang penyajian yang digunakan dalam The presentation currency used in the financial
laporan keuangan adalah mata uang Rupiah, statement is Indonesian Rupiah, which is the
yang merupakan mata uang fungsional Bank. functional currency of the Bank. Figures in the
Seluruh angka dalam laporan keuangan ini, financial statements are rounded to and stated
kecuali dinyatakan secara khusus, dibulatkan in millions of Rupiah unless otherwise stated.
menjadi jutaan Rupiah.
19
Page 394
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
b. Kombinasi Bisnis (lanjutan) b. Business Combination (continued)
Bank menerapkan metode akuntansi akuisisi The Bank applies the acquisition accounting
untuk mencatat akuisisi bisnis konsumen method in acquiring of the consumer business
Citibank, N.A., Indonesia (Citi), yang of Citibank, N.A., Indonesia (Citi), which is
dianggap sebagai kombinasi bisnis considered as business combinations
(Catatan 3). Imbalan yang dialihkan untuk (Note 3). The consideration transferred for the
akuisisi adalah sebesar nilai wajar aset yang acquisition of a subsidiary is the fair value of
dialihkan dan liabilitas yang diakui pada the assets transferred, the liabilities incurred at
tanggal akuisisi. Aset teridentifikasi yang the date of acquisition. Identifiable assets
diperoleh dan liabilitas yang diambil alih acquired and liabilities in a business
dalam suatu kombinasi bisnis pada awalnya combination are measured initially at their fair
diukur sebesar nilai wajar pada tanggal values at the acquisition date.
akuisisi.
Selisih lebih imbalan yang dialihkan dan nilai The excess of the consideration transferred
wajar aset bersih teridentifikasi pada saat and the fair value of the net identifiable assets
akuisisi yang diperoleh dicatat sebagai acquired at acquisition date is recorded as
goodwill (Catatan 2q). Biaya yang terkait goodwill (Note 2q). Acquisition-related costs
dengan akuisisi dibebankan pada saat are expensed as incurred.
terjadinya.
Bank menentukan bahwa mereka telah The Bank determines that it has acquired a
mengakuisisi bisnis ketika rangkaian aktivitas business when the acquired set of activities
dan aset yang diakuisisi mencakup input dan and assets include an input and a substantive
proses substantif yang bersama-sama process that together significantly contribute to
secara signifikan berkontribusi pada the ability to create outputs.
kemampuan untuk menghasilkan output.
Proses yang diperoleh adalah substantif jika The acquired process is considered
penting bagi kemampuan untuk terus substantive if it is critical to the ability to
menghasilkan output dan input yang continue producing outputs and the inputs
diperoleh mencakup tenaga kerja yang acquired include an organized workforce with
terorganisir dengan keterampilan, the necessary skills, knowledge, or experience
pengetahuan, atau pengalaman yang to perform that process or it significantly
diperlukan untuk melakukan proses itu atau contributes to the ability to continue producing
secara signifikan berkontribusi pada outputs and is considered unique or scarce or
kemampuan untuk terus menghasilkan cannot be replaced without significant cost,
output dan dianggap unik atau langka atau effort, or delay in the ability to continue
tidak dapat diganti tanpa biaya, usaha, atau producing outputs.
penundaan yang signifikan dalam
kemampuan untuk terus menghasilkan
output.
Ketika melakukan akuisisi atas sebuah When the Bank acquires a business, it
bisnis, Bank mengklasifikasikan dan assesses the financial assets acquired and
menentukan aset keuangan yang diperoleh liabilities assumed for appropriate
dan liabilitas keuangan yang diambil alih classification and designation in accordance
berdasarkan pada persyaratan kontraktual, with the contractual terms, economic
kondisi ekonomi dan kondisi terkait lain yang circumstances and pertinent conditions as at
ada pada tanggal akuisisi. the acquisition date.
20
Page 395
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
b. Kombinasi Bisnis (lanjutan) b. Business Combination (continued)
Bila pencatatan awal kombinasi bisnis belum If the initial accounting for a business
dapat diselesaikan pada tanggal pelaporan, combination is incomplete by the end of the
Bank melaporkan jumlah sementara bagi reporting period, the Bank reports provisional
item yang pencatatannya belum dapat amounts for the items for which the accounting
diselesaikan tersebut. is incomplete.
Periode pengukuran adalah periode setelah The measurement period is the period after
tanggal akuisisi yang didalamnya Bank dapat the acquisition date during which the Bank
melakukan penyesuaian atas jumlah may adjust the provisional amounts
sementara yang diakui dalam kombinasi recognized for a business combination. During
bisnis tersebut. Selama periode pengukuran, the measurement period, the Bank recognizes
Bank mengakui penambahan aset atau additional assets or liabilities if new
liabilitas bila terdapat informasi terbaru yang information is obtained about facts and
diperoleh mengenai fakta dan keadaan pada circumstances that existed as of the
tanggal akuisisi. acquisition date.
Pada tanggal akuisisi, goodwill awalnya At acquisition date, goodwill is initially
diukur pada harga perolehan yang measured at cost being the excess of the
merupakan selisih lebih nilai agregat dari aggregate of the consideration transferred and
imbalan yang dialihkan dan jumlah setiap the amount recognized for non-controlling
kepentingan non-pengendali atas selisih interest over the net identifiable assets
jumlah dari aset teridentifikasi yang diperoleh acquired and liabilities assumed.
dan liabilitas yang diambil alih.
Setelah pengakuan awal, goodwill diukur After initial recognition, goodwill is measured
pada jumlah tercatat dikurangi akumulasi at cost less any accumulated impairment
kerugian penurunan nilai. Untuk tujuan losses. For the purpose of impairment testing,
pengujian penurunan nilai, goodwill yang goodwill acquired in a business combination
diperoleh dari suatu kombinasi bisnis, sejak is, from the acquisition date, allocated to each
tanggal akuisisi dialokasikan kepada setiap of the Bank’s Cash-generating Units (“CGU”)
Unit Penghasil Kas (“UPK”) dari Bank yang that are expected to benefit from the
diharapkan akan menerima manfaat dari combination, irrespective of whether other
sinergi kombinasi tersebut, terlepas dari assets or liabilities of the acquiree are
apakah aset atau liabilitas lain dari pihak allocated to those CGUs.
yang diakuisisi dialokasikan kepada UPK
tersebut.
Jika goodwill telah dialokasikan pada suatu Where goodwill forms part of a CGU and part
UPK dan operasi tertentu atas UPK tersebut of the operations within that CGU is disposed
dihentikan, maka goodwill yang of, the goodwill associated with the operation
diasosiasikan dengan operasi yang disposed of is included in the carrying amount
dihentikan tersebut termasuk dalam jumlah of the operation when determining the gain or
tercatat operasi tersebut ketika menentukan loss on disposal of the operation. Goodwill
keuntungan atau kerugian dari pelepasan. disposed of in this circumstance is measured
Goodwill yang dilepaskan tersebut diukur based on the relative values of the operation
berdasarkan nilai relatif operasi yang disposed of and the portion of the CGU
dihentikan terhadap bagian dari UPK yang retained.
ditahan.
21
Page 396
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
c. Transaksi dengan Pihak Berelasi c. Transactions with Related Parties
Dalam menjalankan usahanya, Bank In the normal course of its business, the Bank
melakukan transaksi dengan pihak berelasi enters into transactions with related parties
seperti yang didefinisikan dalam Pernyataan which are defined under Statement of
Standar Akuntansi Keuangan (PSAK) Financial Accounting Standard (SFAS) No. 7
No. 7 tentang “Pengungkapan Pihak-pihak regarding “Related Party Disclosures”.
Berelasi”.
Seluruh transaksi yang signifikan dengan All significant transactions with related parties
pihak berelasi telah diungkapkan dalam are disclosed in the notes to the financial
catatan atas laporan keuangan. statements.
Pihak berelasi adalah orang atau entitas A related party is a person or entity that is
yang terkait dengan entitas yang menyiapkan related to the entity that is preparing its
laporan keuangannya (entitas pelapor). Yang financial statements (reporting entity). The
termasuk pihak berelasi adalah sebagai related parties are as follows:
berikut:
1. Orang atau anggota keluarga terdekat 1. A person or a close member of that
mempunyai relasi dengan entitas person’s family is related to a reporting
pelapor jika orang tersebut: entity if that person:
a. Memiliki pengendalian atau a. Has control or joint control of the
pengendalian bersama atas entitas reporting entity;
pelapor;
b. Memiliki pengaruh signifikan atas b. Has significant influence over the
entitas pelapor; atau reporting entity; or
c. Merupakan personil manajemen c. Is a member of the key management
kunci entitas pelapor atau entitas personnel of the reporting entity or of
induk pelapor. a parent of the reporting entity.
2. Suatu entitas berelasi dengan entitas 2. An entity is related to a reporting entity if
pelapor jika memenuhi salah satu hal any of the following condition applies:
sebagai berikut:
a. Entitas dan entitas pelapor adalah a. The entity and the reporting entity are
anggota dari kelompok usaha yang members of the same group (which
sama (artinya entitas induk, entitas means that each parent, subsidiary
anak, dan entitas anak berikutnya and fellow subsidiary is related to the
terkait dengan entitas lain); others);
b. Suatu entitas adalah entitas b. One entity is an associate or joint
asosiasi atau ventura bersama dari venture of the other entity (or an
entitas lain (atau entitas asosiasi associate or joint venture of a
atau ventura bersama yang member of a group of which the other
merupakan anggota suatu entity is a member);
kelompok usaha, yang mana entitas
lain adalah anggotanya);
c. Kedua entitas tersebut adalah c. Both entities are joint ventures of the
ventura bersama dari pihak ketiga same third party;
yang sama;
22
Page 397
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
c. Transaksi dengan Pihak Berelasi (lanjutan) c. Transactions with Related Parties
(continued)
Pihak berelasi adalah orang atau entitas A related party is a person or entity that is
yang terkait dengan entitas yang menyiapkan related to the entity that is preparing its
laporan keuangannya (entitas pelapor). Yang financial statements (reporting entity). The
termasuk pihak berelasi adalah sebagai related parties are as follows: (continued)
berikut: (lanjutan)
2. Suatu entitas berelasi dengan entitas 2. An entity is related to a reporting entity if
pelapor jika memenuhi salah satu hal any of the following condition applies:
sebagai berikut: (lanjutan) (continued)
d. Suatu entitas adalah ventura d. One entity is a joint venture of a third
bersama dari entitas ketiga dan party and the other entity is an
entitas yang lain adalah entitas associate of the third entity;
asosiasi dari entitas ketiga;
e. Entitas tersebut adalah sebuah e. The entity is a post-employment
program imbalan pasca kerja untuk benefit plan for the benefits of
imbalan kerja dari salah satu entitas employees of either the reporting
pelapor atau entitas yang terkait entity or an entity related to the
dengan entitas pelapor; reporting entity;
f. Entitas yang dikendalikan atau f. The entity is controlled or jointly
dikendalikan bersama oleh orang controlled by a person identified in
yang diidentifikasi sebagaimana (1); or
dimaksud dalam angka (1); atau
g. Orang yang diidentifikasi g. A person identified in (1) (a) has
sebagaimana dimaksud dalam significant influence over the entity or
angka (1) huruf (a) memiliki is a member of the key management
pengaruh signifikan atas entitas personnel of the entity (or of a parent
atau merupakan manajemen kunci of the entity).
entitas (atau entitas induk dari
entitas).
h. Entitas, atau anggota dari kelompok h. The entity, or any member of a group
dimana entitas merupakan bagian of which it is a part provides key
dari kelompok tersebut management personnel services to
menyediakan jasa personil the reporting entity or to the parent of
manajemen kunci kepada entitas the reporting entity.
pelapor atau kepada entitas induk
dari entitas pelapor.
d. Aset dan Liabilitas Keuangan d. Financial Assets and Liabilities
1) Klasifikasi 1) Classification
Bank mengklasifikasikan aset The Bank classifies its financial assets
keuangannya berdasarkan kategori according to the following categories at
sebagai berikut pada saat pengakuan initial recognition:
awal:
- Aset keuangan yang diukur pada - Financial assets measured at fair
nilai wajar melalui laba rugi; value through profit or loss;
- Aset keuangan yang diukur pada - Financial assets that are measured at
nilai wajar melalui penghasilan fair value through other
komprehensif lain; comprehensive income;
23
Page 398
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Bank mengklasifikasikan aset The Bank classifies its financial assets
keuangannya berdasarkan kategori according to the following categories at
sebagai berikut pada saat pengakuan initial recognition: (continued)
awal: (lanjutan)
- Aset keuangan yang diukur pada - Financial assets measured at
biaya perolehan diamortisasi. amortized cost.
Aset keuangan diukur pada biaya Financial assets are measured at
perolehan diamortisasi jika memenuhi amortized cost if they meet the following
kondisi sebagai berikut: conditions:
- Aset keuangan dikelola dalam - Financial assets are managed in a
model bisnis yang bertujuan untuk business model that aims to have
memiliki aset keuangan dalam financial assets in order to obtain
rangka mendapatkan arus kas contractual cash flow (“hold to
kontraktual (“hold to collect”); dan collect”); and
- Persyaratan kontraktual dari aset - The contractual terms of the financial
keuangan tersebut memberikan hak assets provide rights on a certain date
pada tanggal tertentu atas arus kas for cash flow obtained solely from
yang diperoleh semata dari payment of principal and interest
pembayaran pokok dan bunga (SPPI) on the principal amount owed
(SPPI) dari jumlah pokok terutang.
Aset keuangan diukur pada nilai wajar Financial assets are measured at fair
melalui penghasilan komprehensif lain value through other comprehensive
jika memenuhi kondisi sebagai berikut: income if they meet the following
conditions:
- Aset keuangan dikelola dalam - Financial assets are managed in a
model bisnis yang bertujuan untuk business model that aims to obtain
mendapatkan arus kas kontraktual contractual cash flow and sell financial
dan menjual aset keuangan (“hold assets (“hold to collect and sell”); and
to collect and sell”); dan
- Persyaratan kontraktual dari aset - The contractual requirements of the
keuangan tersebut memenuhi financial assets meet the SPPI criteria.
kriteria SPPI.
Pada saat pengakuan awal, Bank dapat At initial recognition, the Bank may make
membuat pilihan yang tidak dapat an irrevocable choice to present equity
dibatalkan untuk menyajikan instrumen instruments that are not held for trading at
ekuitas yang bukan dimiliki untuk fair value through other comprehensive
diperdagangkan pada nilai wajar melalui income.
penghasilan komprehensif lain.
Aset keuangan lainnya yang tidak Other financial assets that do not meet the
memenuhi persyaratan untuk requirements to be classified as financial
diklasifikasikan sebagai aset keuangan assets measured at amortized cost or fair
diukur pada biaya perolehan value through other comprehensive
diamortisasi atau nilai wajar melalui income are classified as measured at fair
penghasilan komprehensif lain value through profit or loss.
diklasifikasikan sebagai diukur pada nilai
wajar melalui laba rugi.
24
Page 399
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Saat pengakuan awal, Bank dapat At initial recognition, the Bank can make
membuat penetapan yang tidak dapat an irrevocable determination to measure
dibatalkan untuk mengukur aset yang assets that meet the requirements to be
memenuhi persyaratan untuk diukur measured at amortized cost or fair value
pada biaya perolehan diamortisasi atau through other comprehensive income at
nilai wajar melalui penghasilan fair value through profit or loss, if the
komprehensif lain pada nilai wajar determination eliminates or significantly
melalui laba rugi, apabila penetapan reduces the measurement or recognition
tersebut mengeliminasi atau secara inconsistencies (sometimes referred to as
signifikan mengurangi inkonsistensi "accounting mismatch").
pengukuran atau pengakuan (kadang
disebut sebagai “accounting mismatch”).
Penilaian model bisnis Business models valuation
Model bisnis ditentukan pada level yang The business model is determined at a
mencerminkan bagaimana kelompok level that reflects how groups of financial
aset keuangan dikelola bersama-sama assets are managed together to achieve
untuk mencapai tujuan bisnis tertentu. certain business objectives.
Penilaian model bisnis dilakukan dengan The evaluation of the business model is
mempertimbangkan, tetapi tidak carried out by considering, but not limited
terbatas pada hal-hal berikut: to the following:
- Bagaimana kinerja dari model bisnis - How the performance of the business
dan aset keuangan yang dimiliki model and financial assets held in the
dalam model bisnis dievaluasi dan business model are evaluated and
dilaporkan kepada personil reported to the Bank's key
manajemen kunci Bank; management personnel;
- Apakah risiko yang memengaruhi - What risks affect the performance of
kinerja dari model bisnis (termasuk the business model (including financial
aset keuangan yang dimiliki dalam assets held in the business model) and
model bisnis) dan khususnya specifically how the financial assets are
bagaimana cara aset keuangan managed; and
tersebut dikelola; dan
- Bagaimana penilaian kinerja - How to evaluate the performance of
pengelola aset keuangan (sebagai managers of financial assets (for
contoh, apakah penilaian kinerja example, whether performance
berdasarkan nilai wajar dari aset appraisals are based on the fair value
yang dikelola atau arus kas of the assets being managed or the
kontraktual yang diperoleh). contractual cash flows obtained).
Aset keuangan yang dimiliki untuk Financial assets held for trading or
diperdagangkan atau dikelola dan managing and which performance
penilaian kinerja berdasarkan nilai wajar appraisals based on fair value are
diukur pada nilai wajar melalui laba rugi. measured at fair value through profit or
loss.
25
Page 400
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Penilaian model bisnis (lanjutan) Business models valuation (lanjutan)
Derivatif juga dikategorikan dalam Derivatives are also categorized under
kelompok ini, kecuali derivatif yang this classification, unless they are
ditetapkan sebagai instrumen lindung designated as effective hedging
nilai efektif. instruments.
Penilaian mengenai arus kas Evaluation of contractual cash flows
kontraktual yang diperoleh semata- obtained solely from payment of
mata dari pembayaran pokok dan principal and interest (SPPI)
bunga (SPPI)
Untuk tujuan penilaian ini, pokok For the purpose of this valuation, principal
didefinisikan sebagai nilai wajar dari aset is defined as the fair value of financial
keuangan pada saat pengakuan awal. assets at initial recognition. Interest is
Bunga didefinisikan sebagai imbalan defined as compensation for the time
untuk nilai waktu atas uang dan risiko value of money and credit risk in relation
kredit terkait jumlah pokok terutang pada to the principal amount owed over
periode waktu tertentu dan juga risiko a certain period of time and also the risk
dan biaya peminjaman standar, serta and standard borrowing costs, as well as
marjin laba. profit margins.
Penilaian mengenai arus kas kontraktual An assessment of contractual cash flows
yang diperoleh semata-mata dari obtained solely from principal and interest
pembayaran pokok dan bunga dilakukan payments is made by considering
dengan mempertimbangkan persyaratan contractual terms, including whether
kontraktual, termasuk apakah aset financial assets contain contractual terms
keuangan mengandung persyaratan that can change the timing or amount of
kontraktual yang dapat mengubah waktu contractual cash flows. In assessing, the
atau jumlah arus kas kontraktual. Dalam Bank considers:
melakukan penilaian, Bank
mempertimbangkan:
- Peristiwa kontinjensi yang akan - Contingency events that will change
mengubah waktu atau jumlah arus the timing or amount of contractual
kas kontraktual; cash flow;
- Fitur leverage; - Leverage feature;
- Persyaratan pembayaran di muka - Terms of advance payment and
dan perpanjangan kontraktual; contractual extension;
- Persyaratan mengenai klaim yang - Requirements regarding limited claims
terbatas atas arus kas yang berasal for cash flows from specific assets; and
dari aset spesifik; dan
- Fitur yang dapat mengubah nilai - Features that can change the time
waktu dari elemen uang. value of the money element.
26
Page 401
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Penilaian mengenai arus kas Evaluation of contractual cash flows
kontraktual yang diperoleh semata- obtained solely from payment of
mata dari pembayaran pokok dan principal and interest (SPPI) (continued)
bunga (SPPI) (lanjutan)
Liabilitas keuangan diklasifikasikan ke Financial liabilities are classified into the
dalam kategori sebagai berikut pada following categories at initial recognition:
saat pengakuan awal:
- Liabilitas keuangan yang diukur pada - Financial liabilities at fair value through
nilai wajar melalui laporan laba rugi, profit or loss, which has 2 (two) sub-
yang memiliki 2 (dua) sub-klasifikasi, classifications, i.e., those designated
yaitu liabilitas keuangan yang as such upon initial recognition and
ditetapkan demikian pada saat those classified as held for trading;
pengakuan awal dan liabilitas
keuangan yang telah diklasifikasikan
dalam kelompok diperdagangkan;
- Liabilitas keuangan lain yang tidak - Other financial liabilities that are not
diklasifikasikan sebagai liabilitas classified as financial liabilities at fair
keuangan yang diukur pada nilai value through profit or loss are
wajar melalui laba rugi dikategorikan categorized and measured at
dan diukur dengan biaya perolehan amortized cost.
diamortisasi.
Berikut klasifikasi instrumen keuangan Below are financial instruments
Bank berdasarkan PSAK 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
Aset Giro pada bank lain/ Aset keuangan yang diukur pada biaya perolehan
keuangan/ Current accounts with other banks yang diamortisasi/Financial assets at amortized cost
Financial Penempatan pada Bank Indonesia
assets dan bank lain/ Aset keuangan yang diukur pada biaya perolehan
Placements with Bank Indonesia and yang diamortisasi/Financial assets at amortized cost
other banks
Aset keuangan yang diukur pada nilai wajar melalui
Efek-efek yang diperdagangkan/
laba rugi/Financial assets at fair value through profit or
Trading securities
loss
27
Page 402
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
1) Klasifikasi (lanjutan) 1) Classification (continued)
Berikut klasifikasi instrumen keuangan Below are financial instruments
Bank berdasarkan PSAK No. 71: classification of the Bank based on SFAS
(lanjutan) No. 71: (continued)
Instrumen keuangan/ Kategori yang didefinisikan oleh PSAK No. 71/
Financial instruments Category as defined by SFAS No. 71
Aset keuangan yang diukur pada nilai wajar melalui
penghasilan komprehensif lain/Financial assets at fair
Investasi keuangan/ value through other comprehensive income
Financial investments
Aset keuangan yang diukur pada biaya perolehan yang
diamortisasi/Financial assets at amortized cost
Aset keuangan yang diukur pada nilai wajar melalui
Tagihan derivatif/
laba rugi/Financial assets at fair value through profit or
Derivative receivables
loss
Aset
Kredit yang diberikan/ Aset keuangan yang diukur pada biaya perolehan yang
keuangan/
Loans diamortisasi/Financial assets at amortized cost
Financial
Aset keuangan yang diukur pada nilai wajar melalui
assets
Tagihan atas surat berharga yang laba rugi/Financial assets at fair value through profit or
dibeli dengan janji dijual kembali/ loss
Receivables on securities
purchased with agreements to resell Aset keuangan yang diukur pada biaya perolehan yang
diamortisasi/Financial assets at amortized cost
Tagihan akseptasi/ Aset keuangan yang diukur pada biaya perolehan yang
Acceptance receivables diamortisasi/Financial assets at amortized cost
Aset lain-lain/ Aset keuangan yang diukur pada biaya perolehan yang
Other assets diamortisasi/Financial assets at amortized cost
Liabilitas segera/ Liabilitas keuangan yang diukur pada biaya perolehan
Current liabilities yang diamortisasi/Financial liabilities at amortized cost
Simpanan dari nasabah/ Liabilitas keuangan yang diukur pada biaya perolehan
Deposits from customers yang diamortisasi/Financial liabilities at amortized cost
Simpanan dari bank lain/ Liabilitas keuangan yang diukur pada biaya perolehan
Deposits from other banks yang diamortisasi/Financial liabilities at amortized cost
Bunga yang masih harus Liabilitas keuangan yang diukur pada biaya perolehan
dibayar/Interest payables yang diamortisasi/Financial liabilities at amortized cost
Liabilitas keuangan yang diukur pada nilai wajar melalui
Liabilitas Liabilitas derivatif/
laba rugi/Financial liabilities at fair value through profit
keuangan/ Derivative payables
or loss
Financial
liabilities Liabilitas akseptasi/ Liabilitas keuangan yang diukur pada biaya perolehan
Acceptance payables yang diamortisasi/Financial liabilities at amortized cost
Liabilitas atas surat berharga yang
dijual dengan janji dibeli Liabilitas keuangan yang diukur pada biaya perolehan
kembali/Liabilities on securities sold yang diamortisasi/Financial liabilities at amortized cost
under repurchase agreements
Efek utang yang diterbitkan/ Liabilitas keuangan yang diukur pada biaya perolehan
Debt securities issued yang diamortisasi/Financial liabilities at amortized cost
Liabilitas lain-lain/ Liabilitas keuangan yang diukur pada biaya perolehan
Other liabilities yang diamortisasi/Financial liabilities at amortized cost
28
Page 403
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
2) Pengakuan awal 2) Initial recognition
Aset dan liabilitas keuangan pada Financial assets and liabilities are initially
awalnya diukur pada nilai wajarnya. recognized at fair value. For those
Dalam hal aset atau liabilitas keuangan financial assets or liabilities not classified
tidak diklasifikasikan sebagai nilai wajar as fair value through profit or loss, the fair
melalui laba rugi, nilai wajar tersebut value is added/deducted with directly
ditambah/dikurangi biaya transaksi yang attributable transaction costs to the
dapat diatribusikan secara langsung issuance of financial assets or liabilities.
dengan perolehan atau penerbitan aset
atau liabilitas keuangan.
Bank pada pengakuan awal dapat The Bank upon initial recognition may
menetapkan aset dan keuangan liabilitas designate certain financial assets and
tertentu sebagai nilai wajar melalui laba liabilities at fair value through profit or loss
rugi (opsi nilai wajar). Opsi nilai wajar (fair value option). The fair value option is
dapat digunakan hanya bila memenuhi only applied when the following conditions
ketetapan sebagai berikut: are met:
- Penetapan sebagai opsi nilai wajar - The application of the fair value option
mengurangi atau mengeliminasi reduces or eliminates an accounting
inkonsistensi pengukuran dan mismatch that would otherwise arise;
pengakuan (accounting mismatch) or
yang dapat timbul; atau
- Aset dan liabilitas keuangan - The financial assets and liabilities are
merupakan bagian dari portofolio part of a portfolio of financial
instrumen keuangan yang risikonya instruments, the risks of which are
dikelola dan dilaporkan kepada managed and reported to key
manajemen kunci berdasarkan nilai management on a fair value basis; or
wajar; atau
- Aset dan liabilitas keuangan terdiri - The financial assets and liabilities
dari kontrak utama dan derivatif consist of a host contract and an
melekat yang harus dipisahkan tetapi embedded derivative that must be
tidak dapat mengukur derivatif bifurcated but are unable to measure
melekat secara terpisah. the embedded derivative separately.
3) Pengukuran setelah pengukuran awal 3) Subsequent measurement
Aset keuangan dalam kelompok aset Financial assets at fair value through other
keuangan yang diukur pada nilai wajar comprehensive income and financial
melalui penghasilan komprehensif lain assets and liabilities at fair value through
dan aset dan liabilitas keuangan yang profit or loss are measured at fair value.
diukur pada nilai wajar melalui laba rugi
diukur pada nilai wajarnya.
Aset keuangan kelompok biaya Financial assets classified as amortized
perolehan diamortisasi dan liabilitas cost and other financial liabilities are
keuangan lainnya diukur pada biaya measured at amortized cost using the
perolehan diamortisasi dengan effective interest rate method.
menggunakan metode suku bunga
efektif.
29
Page 404
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
4) Penghentian pengakuan 4) Derecognition
a. Aset keuangan dihentikan a. Financial assets are derecognized
pengakuannya jika: when:
- Hak kontraktual atas arus kas - The contractual rights to receive
yang berasal dari aset keuangan cash flows from the financial
tersebut berakhir; atau assets have expired; or
- Bank telah mentransfer haknya - The Bank has transferred its rights
untuk menerima arus kas yang to receive cash flows from the
berasal dari aset keuangan atau financial assets or has assumed
menanggung kewajiban untuk an obligation to pay the received
membayarkan arus kas yang cash flows in full without material
diterima tersebut secara penuh delay to a third party under a
tanpa penundaan berarti kepada ‘pass-through’ arrangement; and
pihak ketiga di bawah either (a) the Bank has transferred
kesepakatan pelepasan; dan substantially all the risks and
antara (a) Bank telah rewards of the asset, or (b) the
mentransfer secara substansial Bank has neither transferred nor
seluruh risiko dan manfaat atas retained substantially all the risks
aset, atau (b) Bank tidak and rewards of the asset but has
mentransfer maupun tidak transferred control of the asset.
memiliki secara substansial
seluruh risiko dan manfaat atas
aset namun telah mentransfer
pengendalian atas aset.
Ketika Bank telah mentransfer hak When the Bank has transferred its
untuk menerima arus kas dari aset rights to receive cash flows from an
atau telah memasuki kesepakatan asset or has entered into a ’pass-
pelepasan dan tidak mentransfer through’ arrangement and has
serta tidak memiliki secara neither transferred nor retained
substansial seluruh risiko dan substantially all the risks and rewards
manfaat atas aset atau tidak of the asset nor transferred control of
mentransfer kendali atas aset, aset the asset, the asset is recognized to
diakui sebesar keterlibatan Bank the extent of the Bank’s continuing
yang berkelanjutan atas aset involvement on the asset.
tersebut.
Kredit yang diberikan Loans are written-off when there is no
dihapusbukukan ketika tidak realistic prospect of collection in the
terdapat prospek yang realistis near future or the normal relationship
mengenai pengembalian kredit between the Bank and the borrowers
dalam waktu dekat atau hubungan have ceased to exist. When a loan is
normal antara Bank dan debitur deemed uncollectible, it is written-off
telah berakhir. Kredit yang tidak against the related allowance for
dapat dilunasi dihapusbukukan impairment losses.
dengan mendebit cadangan
kerugian penurunan nilai.
30
Page 405
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
4) Penghentian pengakuan (lanjutan) 4) Derecognition (continued)
b. Liabilitas keuangan dihentikan b. Financial liabilities are derecognized
pengakuannya jika liabilitas when they are extinguished, i.e.,
keuangan tersebut berakhir, yaitu liabilities stated in the contract are
ketika liabilitas yang ditetapkan discharged, cancelled or has expired.
dalam kontrak dilepaskan atau
dibatalkan atau kadaluwarsa.
Jika suatu liabilitas keuangan yang Where an existing financial liability is
ada digantikan dengan yang lain replaced by another from the same
oleh pemberi pinjaman yang sama lender on substantially different terms
pada keadaan yang secara or the terms of an existing liability are
substansial berbeda atau substantially modified, such an
berdasarkan suatu liabilitas yang exchange or modification is treated
ada yang secara substansial telah as derecognition of the original
diubah, seperti pertukaran atau liability and the recognition of a new
modifikasi yang diperlakukan liability, and the difference in the
sebagai penghentian pengakuan respective carrying amounts is
liabilitas awal dan pengakuan recognized in the statement of profit
liabilitas baru dan perbedaan nilai or loss and other comprehensive
tercatat masing-masing diakui income.
dalam laporan laba rugi dan
penghasilan komprehensif lain.
5) Pengakuan pendapatan dan beban 5) Income and expense recognition
a. Pendapatan dan beban bunga atas a. Interest income and expense on
aset keuangan yang diukur pada financial assets measured at fair
nilai wajar melalui penghasilan value through other comprehensive
komprehensif lain, serta aset dan income, as well as financial assets
liabilitas keuangan yang dicatat and liabilities measured at amortized
berdasarkan biaya perolehan cost are recognized in the statement
diamortisasi diakui pada laporan of profit or loss using the effective
laba rugi dengan menggunakan interest rate method.
metode suku bunga efektif.
Jumlah tercatat bruto aset The gross carrying amount of a
keuangan adalah biaya perolehan financial asset is the amortized cost
diamortisasi aset keuangan of a financial asset before adjusting
sebelum disesuaikan dengan for allowance for impairment.
cadangan penurunan nilai.
Dalam menghitung pendapatan dan In calculating interest income and
beban bunga, tingkat suku bunga expenses, the effective interest rate is
efektif diterapkan pada jumlah applied to the gross carrying amount
tercatat bruto aset (ketika aset of an asset (when the asset is not a
tersebut bukan aset keuangan yang deteriorated financial asset) or to the
memburuk) atau terhadap biaya amortized cost of a liability.
perolehan diamortisasi dari
liabilitas.
31
Page 406
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
5) Pengakuan pendapatan dan beban 5) Income and expense recognition
(lanjutan) (continued)
Untuk aset keuangan yang For financial assets that deteriorated
memburuk setelah pengakuan awal, after initial recognition, interest
pendapatan bunga dihitung dengan income is calculated by applying an
menerapkan tingkat suku bunga effective interest rate to the amortized
efektif terhadap biaya perolehan cost of the financial assets. If the
diamortisasi dari aset keuangan asset is no longer deteriorating, the
tersebut. Jika aset tersebut tidak lagi calculation of interest income will be
memburuk, maka perhitungan calculated by applying an effective
pendapatan bunga akan dihitung interest rate to the gross carrying
dengan menerapkan tingkat suku amount of the financial asset.
bunga efektif terhadap nilai tercatat
bruto dari aset keuangan tersebut.
b. Keuntungan dan kerugian yang b. Gains and losses arising from
timbul dari perubahan nilai wajar changes in the fair value of financial
aset keuangan yang diukur pada asset measured at fair value through
nilai wajar melalui pendapatan other comprehensive income other
komprehensif lain selain than foreign exchange gains or
keuntungan atau kerugian selisih losses on debt instruments are
kurs atas instrumen utang diakui recognized directly in other
secara langsung dalam pendapatan comprehensive income (as part of
komprehensif lain (sebagai bagian equity) until the financial asset is
dari ekuitas) hingga aset keuangan derecognized or impaired.
tersebut dihentikan pengakuannya
atau terdapat penurunan nilai.
Pada saat aset keuangan When a financial asset is
dihentikan pengakuannya atau derecognized or impaired, the
mengalami penurunan nilai, cummulative gains or losses
keuntungan atau kerugian kumulatif previously recognized in equity are
yang sebelumnya diakui dalam recognized in statement of profit or
ekuitas harus diakui pada laporan loss.
laba rugi.
6) Reklasifikasi instrumen keuangan 6) Reclassification financial instruments
Bank mereklasifikasi aset keuangan jika The Bank reclassifies financial assets if
dan hanya jika, model bisnis untuk and only if, the business model for
pengelolaan aset keuangan berubah. managing financial assets changes.
Tidak terdapat reklasifikasi untuk There is no reclassification of financial
liabilitas keuangan. liabilities.
32
Page 407
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
6) Reklasifikasi instrumen keuangan 6) Reclassification financial instruments
(lanjutan) (continued)
Reklasifikasi aset keuangan dari Reclassifications of financial assets from
klasifikasi biaya perolehan yang amortized cost classifications to fair value
diamortisasi ke klasifikasi nilai wajar through profit or loss are recorded at fair
melalui laba rugi dicatat sebesar nilai value. The difference between the
wajarnya. Selisih antara nilai tercatat recorded value and fair value is
dengan nilai wajar diakui sebagai recognized in profit or loss on the
keuntungan atau kerugian pada laba rugi statement of profit or loss and other
dalam laporan laba rugi dan pendapatan comprehensive income.
komprehensif lainnya.
Reklasifikasi aset keuangan dari Reclassifications of financial assets from
klasifikasi biaya perolehan yang amortized cost classifications to fair value
diamortisasi ke klasifikasi nilai wajar classifications through other
melalui penghasilan komprehensif lain comprehensive are recorded at their fair
dicatat sebesar nilai wajarnya. values.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui penghasilan fair value classification through other
komprehensif lain ke klasifikasi nilai comprehensive income to fair value
wajar melalui laba rugi dicatat pada nilai classification through profit or loss is
wajar. Keuntungan atau kerugian yang recorded at fair value. Unrealized gains or
belum direalisasi direklasifikasi ke laba losses are reclassified to profit or loss.
rugi.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui penghasilan fair value classifications through other
komprehensif lain ke klasifikasi biaya comprehensive income to the amortized
perolehan yang diamortisasi dicatat cost classification is recorded at carrying
pada nilai tercatat. Keuntungan atau value. Unrealized gains or losses are
kerugian yang belum direalisasi dihapus removed from equity and adjusted agains
dari ekuitas dan disesuaikan terhadap the fair value.
nilai wajar.
Reklasifikasi aset keuangan dari Reclassifications on financial assets from
klasifikasi nilai wajar melalui laba rugi ke fair value classification through profit or
klasifikasi nilai wajar melalui penghasilan loss to fair value classification through
komprehensif lain dicatat pada nilai other comprehensive income are
wajar. recorded at fair value.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
klasifikasi nilai wajar melalui laba rugi ke fair value classification through profit or
klasifikasi biaya perolehan yang loss to amortized cost classification is
diamortisasi dicatat pada nilai wajar. recorded at fair value.
33
Page 408
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
7) Saling Hapus 7) Offsetting
Aset dan liabilitas keuangan saling Financial assets and liabilities are offset
hapus dan nilai netonya dilaporkan pada and the net amount is reported in the
laporan posisi keuangan jika dan hanya statement of financial position if and only
jika, saat ini terdapat hak yang if, there is currently an enforceable legal
berkekuatan hukum untuk saling hapus rights to offset the recognized amounts
jumlah keduanya dan terdapat intensi and there is an intention to settle on a net
untuk diselesaikan secara neto atau basis or to realize the assets and settle the
untuk merealisasikan aset dan liabilities simultaneously.
menyelesaikan liabilitas secara
bersamaan.
Hak yang berkekuatan hukum berarti: Enforceable right means:
a. Tidak terdapat kontinjensi di masa a. There are no contingencies in the
yang akan datang; dan future; and
b. Hak yang berkekuatan hukum pada b. Enforceable right to the following
kondisi-kondisi berikut ini: conditions:
- Kegiatan bisnis normal; - Deploying normal activities;
- Kondisi kegagalan usaha; dan - Conditions of business failures; and
- Kondisi gagal bayar atau - Conditions of default or bankruptcy.
bangkrut.
Pendapatan dan beban disajikan dalam Income and expenses are presented on a
jumlah bersih hanya jika diperkenankan net basis only when permitted by
oleh standar akuntansi. accounting standards.
8) Pengukuran biaya diamortisasi 8) Amortized cost measurement
Biaya perolehan diamortisasi dari aset The amortized cost of a financial assets or
atau liabilitas keuangan adalah jumlah liabilities are the amount at which the
aset atau liabilitas keuangan yang diukur financial assets or liabilities are measured
pada saat pengakuan awal dikurangi at initial recognition, minus principal
pembayaran pokok pinjaman, ditambah repayments, plus or minus the
atau dikurangi amortisasi kumulatif cummulative amortization using the
menggunakan metode suku bunga effective interest rate method of any
efektif yang dihitung dari selisih antara difference between the initial amount
nilai pengakuan awal dan nilai jatuh recognized and the maturity amount,
temponya dan dikurangi penurunan nilai. minus any reduction for impairment.
9) Nilai wajar 9) Fair value
Nilai wajar adalah harga yang akan Fair value is the price that would be
diterima untuk menjual suatu aset atau received to sell an asset or paid to transfer
harga yang akan dibayar untuk a liability in an orderly transaction between
mengalihkan suatu liabilitas dalam market participants at the measurement
transaksi teratur antara pelaku pasar date.
pada tanggal pengukuran.
34
Page 409
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
9) Nilai wajar (lanjutan) 9) Fair value (continued)
Pengukuran nilai wajar mengasumsikan The fair value measurement is based on
bahwa transaksi untuk menjual aset atau the presumption that the transaction to sell
mengalihkan liabilitas terjadi: the asset or transfer the liability takes
place either:
- Di pasar utama untuk aset dan - In the principal market for the asset or
liabilitas tersebut; atau liability; or
- Jika tidak terdapat pasar utama, di - In the absence of a principal market,
pasar yang paling menguntungkan in the most advantageous market for
untuk aset atau liabilitas tersebut. the asset or liability.
Nilai wajar suatu aset atau liabilitas The fair value of an asset or a liability is
diukur menggunakan asumsi yang akan measured using the assumptions that
digunakan pelaku pasar ketika market participants would use when
menentukan harga aset dan liabilitas pricing the asset or liability, assuming that
tersebut dengan asumsi bahwa pelaku market participants act in their economic
pasar bertindak dalam kepentingan best interest.
ekonomis terbaiknya.
Pengukuran nilai wajar aset non- A fair value measurement of a non-
keuangan memperhitungkan financial asset takes into account a market
kemampuan pelaku pasar untuk participant's ability to generate economic
menghasilkan manfaat ekonomi dengan benefits by using the asset in its highest
menggunakan aset dalam penggunaan and best use or by selling it to another
tertinggi dan terbaiknya atau dengan market participant that would use the
menjualnya kepada pelaku pasar lain asset in its highest and best use.
yang akan menggunakan aset tersebut
dalam penggunaan tertinggi dan
terbaiknya.
Bank menggunakan teknik penilaian The Bank uses valuation techniques that
yang sesuai dalam keadaan dan dimana are appropriate in the circumstances and
data yang memadai tersedia untuk for which sufficient data are available to
mengukur nilai wajar, memaksimalkan measure fair value, maximizing the use of
penggunaan input yang dapat relevant observable inputs and minimizing
diobservasi yang relevan dan the use of unobservable inputs.
meminimalkan penggunaan input yang
tidak dapat diobservasi.
Semua aset dan liabilitas dimana nilai All assets and liabilities for which fair value
wajar diukur atau diungkapkan dalam is measured or disclosed in the financial
laporan keuangan dapat dikategorikan statements are categorized within the fair
pada tingkat hierarki nilai wajar, value hierarchy, described as follows,
berdasarkan tingkatan input terendah based on the lowest level input that is
yang signifikan atas pengukuran nilai significant to the fair value measurement
wajar secara keseluruhan: as a whole:
- Tingkat 1 - Level 1
Harga kuotasian (tidak disesuaikan) Quoted prices (unadjusted) in active
dalam pasar aktif untuk aset atau markets for identical assets or
liabilitas yang identik; liabilities;
35
Page 410
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
9) Nilai wajar (lanjutan) 9) Fair value (continued)
Semua aset dan liabilitas dimana nilai All assets and liabilities for which fair value
wajar diukur atau diungkapkan dalam is measured or disclosed in the financial
laporan keuangan dapat dikategorikan statements are categorized within the fair
pada tingkat hierarki nilai wajar, value hierarchy, described as follows,
berdasarkan tingkatan input terendah based on the lowest level input that is
yang signifikan atas pengukuran nilai significant to the fair value measurement
wajar secara keseluruhan: (lanjutan) as a whole: (continued)
- Tingkat 2 - Level 2
Input selain harga kuotasian yang Inputs other than quoted prices
termasuk dalam Tingkat 1 yang dapat included within Level 1 that are
diobservasi untuk aset dan liabilitas observable for the asset or liability
baik secara langsung (misalnya, either directly (example, price) or
harga) atau secara tidak langsung; indirectly;
- Tingkat 3 - Level 3
Input untuk aset dan liabilitas yang Inputs for the asset and liability that are
bukan berdasarkan data pasar yang not based on observable market data
dapat diobservasi (input yang tidak (unobservable inputs).
dapat diobservasi).
Untuk aset dan liabilitas yang diakui For assets and liabilities that are
pada laporan keuangan secara recognized in the financial statements on
berulang, Bank menentukan apakah a recurring basis, the Bank determines
terjadi transfer antar tingkat di dalam whether transfers have occurred between
hierarki dengan cara mengevaluasi levels in the hierarchy by re-assessing
kategori (berdasarkan input tingkat categorization (based on the lowest level
terendah yang signifikan dalam input that is significant to the fair value
pengukuran nilai wajar) setiap akhir measurement as a whole) at the end of
periode pelaporan. each reporting period.
Investasi pada sukuk Investment in sukuk
Efek-efek dan obligasi pemerintah syariah, Sharia securities and government bonds,
kecuali reksadana diklasifikasikan except for reksadana are classified based on
berdasarkan model usaha yang ditentukan business model determined by the Bank at the
oleh Bank pada saat pembelian surat date of purchase in accordance with SFAS No.
berharga tersebut didasarkan atas klasifikasi 110 on "Accounting for Sukuk” as follows:
yang sesuai dengan PSAK No. 110 tentang
“Akuntansi Sukuk” sebagai berikut:
a. Surat berharga diukur pada biaya a. At cost securities are stated at cost
perolehan disajikan sebesar biaya (including transaction costs) adjusted by
perolehan (termasuk biaya transaksi) unamortised premium and/or discount.
yang disesuaikan dengan premi dan/atau Premium and discount are amortized over
diskonto yang belum diamortisasi. Premi the period until maturity.
dan diskonto diamortisasi selama
periode hingga jatuh tempo.
36
Page 411
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
d. Aset dan Liabilitas Keuangan (lanjutan) d. Financial Assets and Liabilities (continued)
Investasi pada sukuk (lanjutan) Investment in sukuk (continued)
Efek-efek dan obligasi pemerintah syariah, Sharia securities and government bonds,
kecuali reksadana diklasifikasikan except for reksadana are classified based on
berdasarkan model usaha yang ditentukan business model determined by the Bank at the
oleh Bank pada saat pembelian surat date of purchase in accordance with SFAS No.
berharga tersebut didasarkan atas klasifikasi 110 on "Accounting for Sukuk” as follows:
yang sesuai dengan PSAK No. 110 tentang (continued)
“Akuntansi Sukuk” sebagai berikut: (lanjutan)
b. Surat berharga diukur pada nilai wajar b. At fair value securities are stated at fair
melalui laba rugi yang dinyatakan value through profit or loss. Unrealized
sebesar nilai wajar. Keuntungan atau gains or losses from the increase or
kerugian yang belum direalisasi akibat decrease in fair values are presented in
kenaikan atau penurunan nilai wajarnya current year profit or loss.
disajikan dalam laporan laba rugi tahun
yang bersangkutan.
c. Surat berharga yang diukur pada nilai c. At fair value through other comprehensive
wajar melalui penghasilan komprehensif income securities are measured at fair
lainnya. Surat berharga disajikan value. Unrealized gains or losses from the
sebesar nilai wajar. Keuntungan atau increase or decrease in fair value are
kerugian yang belum direalisasi akibat presented in other comprehensive income.
kenaikan atau penurunan nilai wajarnya Premium and discount are amortized over
disajikan dalam penghasilan the period until maturity.
komprehensif lain. Premi dan diskonto
diamortisasi selama periode hingga
jatuh tempo.
e. Giro pada Bank Indonesia dan bank lain e. Current accounts with Bank Indonesia and
other banks
Giro pada bank lain diklasifikasikan sebagai Current accounts with other banks are
biaya perolehan yang diamortisasi. Giro pada classified as amortized cost. Current accounts
bank lain dinyatakan sebesar biaya with other banks are stated at amortized cost
perolehan diamortisasi menggunakan using the effective interest rate (EIR) method
metode suku bunga efektif dikurangi less allowance for impairment losses as
cadangan kerugian penurunan nilai disclosed in Note 2l.
sebagaimana diungkapkan dalam
Catatan 2l.
Giro pada Bank Indonesia diklasifikasikan Current accounts with Bank Indonesia is
sebagai biaya perolehan yang diamortisasi. classified as amortized cost. Current account
Giro pada Bank Indonesia dinyatakan with Bank Indonesia is stated in outstanding
sebesar saldo penempatan. balances.
37
Page 412
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
f. Penempatan pada Bank Indonesia dan f. Placements with Bank Indonesia and other
bank lain banks
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain merupakan penempatan dana dalam banks consist of Term Deposits of Bank
bentuk Term Deposit Bank Indonesia, Indonesia, Deposit Facilities of Bank Indonesia,
Fasilitas Simpanan Bank Indonesia, dan call and call money.
money.
Penempatan pada bank lain diklasifikasikan Placements with other banks are classified as
sebagai biaya perolehan yang diamortisasi. amortized cost. Placements with other banks
Penempatan pada bank lain dinyatakan are stated at amortized cost using the
sebesar biaya perolehan diamortisasi effective interest rate method less allowance
menggunakan metode suku bunga efektif for impairment losses as disclosed in Note 2l.
dikurangi cadangan kerugian penurunan nilai
sebagaimana diungkapkan dalam
Catatan 2l.
Penempatan pada Bank Indonesia Placements with Bank Indonesia is classified
diklasifikasikan sebagai biaya perolehan as amortized cost. Placement with Bank
yang diamortisasi. Penempatan pada Bank Indonesia is stated in outstanding balances.
Indonesia dinyatakan sebesar saldo
penempatan.
g. Efek-efek yang diperdagangkan g. Trading securities
Efek-efek yang diperdagangkan terdiri dari Trading securities comprise of Government
Obligasi Pemerintah, Obligasi Korporasi, Bonds, Corporate Bonds, Sukuk and
Sukuk dan Negotiable Certificate of Deposit Negotiable Certificate of Deposit that are
yang dikategorikan sebagai dimiliki untuk classified as held for trading and are recorded
diperdagangkan dan dicatat di laporan posisi at fair value in the statement of financial
keuangan sebesar nilai wajar. position.
Keuntungan atau kerugian yang belum Unrealized gains or losses resulting from the
direalisasi akibat kenaikan atau penurunan increase or decrease in fair value are
nilai wajar disajikan dalam laporan laba rugi recognized in the current year statement of
dan penghasilan komprehensif lain tahun profit or loss and other comprehensive income.
berjalan. Pendapatan bunga dari efek utang The interest income from debt securities is
dicatat dalam laporan laba rugi dan recorded in the statement of profit or loss and
penghasilan komprehensif lain sesuai other comprehensive income according to the
dengan persyaratan dalam kontrak. Pada terms of the contract. At the time of sale of
saat penjualan portofolio efek yang trading securities portfolio, the difference
diperdagangkan, selisih antara harga jual between the selling price and the purchase
dengan harga perolehan diakui sebagai price is recognized as a gain or loss in the year
keuntungan atau kerugian penjualan pada when the securities are sold.
tahun dimana efek tersebut dijual.
h. Investasi keuangan h. Financial investments
Investasi keuangan terdiri dari Obligasi Financial investments comprise of Government
Pemerintah, Sukuk, Negotiable Certificate of Bonds, Sukuk, Negotiable Certificate of
Deposit, Obligasi Korporasi dan Wesel Deposit, Corporate Bonds, and Export bills.
ekspor berjangka.
38
Page 413
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
h. Investasi keuangan (lanjutan) h. Financial investments (continued)
Obligasi Pemerintah, Sukuk, Negotiable Government Bonds, Sukuk, Negotiable
Certificate of Deposit dan Obligasi Korporasi Certificate of Deposit, and Corporate Bonds
diklasifikasikan sebagai nilai wajar melalui are classified as fair value through other
penghasilan komprehensif lain. comprehensive income.
Obligasi Pemerintah dan Wesel ekspor Government Bonds and Export bills are
berjangka diklasifikasikan sebagai biaya classified as amortized cost.
perolehan yang diamortisasi.
Investasi keuangan diklasifikasikan sebagai Financial investments are classified as follows:
berikut:
Investasi keuangan yang diukur pada nilai Financial investments measured at fair value
wajar melalui penghasilan komprehensif lain through other comprehensive income
Investasi keuangan yang diukur pada nilai Financial investments measured at fair value
wajar melalui penghasilan komprehensif lain through other comprehensive income is
diakui dan diukur sebesar nilai wajar dengan recognized and measured at fair value by
memperhitungkan pendapatan dan/atau calculating income and/or expenses directly
beban yang dapat diatribusikan langsung attributable to the purchase of securities. After
pada pembelian efek-efek. Setelah initial recognition, gains and losses from
pengakuan awal, keuntungan dan kerugian changes in fair value of securities, net of tax,
yang belum direalisasikan dari kenaikan atau are recognized directly to equity.
penurunan nilai wajar, setelah pajak, diakui
dan disajikan sebagai komponen ekuitas.
Ketika investasi tersebut dihapus, When the investment is disposed the
keuntungan atau kerugian kumulatif setelah cumulative gain or loss, net of tax, previously
pajak, yang sebelumnya diakui di recognized in other comprehensive income is
penghasilan komprehensif lainnya, diakui recognized in the statement of profit or loss and
dalam laporan laba rugi dan penghasilan other comprehensive income. The losses
komprehensif lain. Kerugian yang timbul dari arising from impairment of such investments
penurunan nilai pada investasi tersebut are recognized in the statement of profit or loss
diakui dalam laporan laba rugi dan and other comprehensive income and removed
penghasilan komprehensif lain dan from other comprehensive income.
dikeluarkan dari penghasilan komprehensif
lainnya.
Premi dan/atau diskonto diamortisasi Premium and/or discount is amortized and
sebagai pendapatan bunga dengan reported as interest income using the EIR.
menggunakan suku bunga efektif.
39
Page 414
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
h. Investasi keuangan (lanjutan) h. Financial investments (continued)
Investasi keuangan diklasifikasikan sebagai Financial investments are classified as follows:
berikut: (lanjutan) (continued)
Investasi keuangan yang diklasifikasikan Financial investments classified as amortized
sebagai biaya perolehan yang diamortisasi cost
Investasi keuangan yang diklasifikasikan Financial investments classified as amortized
sebagai biaya perolehan yang diamortisasi cost is recognized and measured at fair value
diakui dan diukur sebesar nilai wajar dengan by calculating income and/or expenses directly
memperhitungkan pendapatan dan/atau attributable to the purchase of securities. After
beban yang dapat diatribusikan langsung initial recognition, securities are measured at
pada pembelian efek-efek. Setelah amortized acquisition cost using EIR.
pengakuan awal, efek-efek diukur pada biaya
perolehan diamortisasi menggunakan suku
bunga efektif.
i. Instrumen keuangan derivatif i. Derivative financial instruments
Seluruh instrumen derivatif dicatat dalam All derivative instruments are recognized in
laporan posisi keuangan berdasarkan nilai statement of financial position at fair value. The
wajarnya. Nilai wajar tersebut ditentukan fair value is based on the market rate, Reuters
berdasarkan harga pasar, kurs Reuters pada exchange rate at statement of financial position
tanggal pelaporan laporan posisi keuangan, date, discounted cash flows and price valuation
diskonto arus kas, model penentu harga atau or broker quoted price on other instruments
harga yang diberikan oleh broker (quoted with similar characteristics or price model.
price) atas instrumen lain yang memiliki
karakteristik atau model penentuan harga
serupa.
Keuntungan atau kerugian dari kontrak Gain or loss on a derivative contract not
derivatif yang tidak ditujukan untuk lindung designated as a hedging instrument (or does
nilai (atau tidak memenuhi kriteria untuk not qualify as a hedging instrument) is
dapat diklasifikasikan sebagai lindung nilai) recognized in the current year statement of
diakui pada laporan laba rugi dan profit or loss and comprehensive income.
penghasilan komprehensif lain tahun
berjalan.
Instrumen derivatif melekat dipisahkan dari Embedded derivative instruments are
kontrak utama non-derivatif dan diperlakukan separated from their host non-derivative
sebagai instrumen derivatif jika seluruh contract and accounted for as a derivative
kriteria berikut terpenuhi: instrument if all of the following criteria are met:
1. Risiko dan karakteristik ekonomi dari 1. The risks and economic characteristics of
derivatif melekat tidak secara erat the embedded derivative are not closely
berhubungan dengan karakteristik dan related to those of the host contract;
risiko kontrak utama;
40
Page 415
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
i. Instrumen keuangan derivatif i. Derivative financial instruments
Instrumen derivatif melekat dipisahkan dari Embedded derivative instruments are
kontrak utama non-derivatif dan diperlakukan separated from their host non-derivative
sebagai instrumen derivatif jika seluruh contract and accounted for as a derivative
kriteria berikut terpenuhi: (lanjutan) instrument if all of the following criteria are met:
(continued)
2. Instrumen terpisah dengan kondisi yang 2. A separate instrument with the same terms
sama dengan instrumen derivatif as the embedded derivative would meet the
melekat memenuhi definisi dari derivatif; definition of a derivative; and
dan
3. Instrumen hibrid (kombinasi) tidak diukur 3. The hybrid (combined) instrument is not
pada harga wajar dengan perubahan measured at fair value with changes in fair
nilai wajar diakui dalam laporan laba rugi value recognized in statement of profit or
dan penghasilan komprehensif lain loss and other comprehensive income (i.e.,
(yaitu derivatif melekat dalam aset a derivative that is embedded in a financial
keuangan atau liabilitas keuangan yang asset or financial liability at fair value
diukur pada nilai wajar melalui laba rugi through profit or loss is not separated).
tidak dipisahkan).
j. Kredit yang diberikan j. Loans
Kredit yang diberikan diklasifikasikan Loans are classified as amortized cost.
sebagai biaya perolehan yang diamortisasi.
Kredit yang diberikan diklasifikasikan Loans are classified as amortized cost. Loans
sebagai biaya perolehan yang diamortisasi. are measured at amortized cost using the EIR
Kredit yang diberikan diukur pada biaya less allowance for impairment losses. The
perolehan diamortisasi menggunakan suku amortized cost of loan is the amount at which
bunga efektif dikurangi cadangan kerugian the loan is measured at initial recognition minus
penurunan nilai. Biaya perolehan principal repayments, plus or minus the
diamortisasi dihitung dengan cumulative amortization using EIR method of
memperhitungkan nilai kredit pada saat any difference between that initial amount and
pengakuan awal dikurangi pembayaran the maturity amount, and minus any reduction
pokok, ditambah atau dikurangi dengan for impairment or uncollectability. The
amortisasi kumulatif menggunakan metode amortization is recognized in the statement of
suku bunga efektif yang dihitung dari selisih profit or loss and other comprehensive income.
antara nilai awal dan nilai jatuh temponya,
dikurangi penurunan untuk penurunan nilai
atau nilai yang tidak dapat ditagih. Amortisasi
tersebut diakui pada laporan laba rugi dan
penghasilan komprehensif lain.
41
Page 416
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
j. Kredit yang diberikan (lanjutan) j. Loans (continued)
Restrukturisasi kredit Loan restructuring
Kerugian yang timbul dari restrukturisasi Losses on loan restructuring in respect of
kredit yang berkaitan dengan modifikasi modification of the terms of the loans are
persyaratan kredit hanya diakui bila nilai recognized only if the cash value of total future
tunai penerimaan kas masa depan yang cash receipts specified in the new terms of the
telah ditentukan dalam persyaratan kredit loans, including both receipts designated as
yang baru, termasuk penerimaan yang interest and those designated as loan principal
diperuntukkan sebagai bunga maupun pokok are less than the recorded amounts of loans
adalah lebih kecil dari nilai kredit yang before restructuring.
diberikan yang tercatat sebelum
restrukturisasi.
Untuk restrukturisasi kredit bermasalah For loan restructuring which involves a
dengan cara konversi kredit yang diberikan conversion of loans into equity or other financial
menjadi saham atau instrumen keuangan instruments, a loss on loan restructuring is
lainnya, kerugian dari restrukturisasi kredit recognized only if the fair value of the equity or
diakui hanya apabila nilai wajar penyertaan other financial instruments received, reduced
saham atau instrumen keuangan yang by estimated costs to sell the equity or other
diterima dikurangi estimasi biaya untuk financial instruments is less than the carrying
menjualnya adalah kurang dari nilai tercatat value of loan.
kredit yang diberikan.
Saat ini hanya terdapat restrukturisasi kredit Currently, there is only loan restructuring using
dengan menggunakan metode perpanjangan extension of terms of loans and decrease of
jangka waktu kredit dan penurunan suku loan interest method.
bunga kredit.
k. Tagihan dan liabilitas akseptasi k. Acceptance receivables and payables
Tagihan akseptasi diklasifikasikan sebagai Acceptance receivables are classified as
biaya perolehan yang diamortisasi. amortized cost.
Tagihan akseptasi diukur pada biaya Acceptance receivables are measured at
perolehan diamortisasi menggunakan amortized cost using the EIR method, less
metode suku bunga efektif, dikurangi dengan allowance for impairment losses. Acceptance
cadangan kerugian penurunan nilai. Liabilitas liabilities are measured at amortized cost by
akseptasi diukur pada biaya perolehan using the EIR method.
diamortisasi menggunakan metode suku
bunga efektif.
Cadangan kerugian penurunan nilai The allowance for impairment losses is
dilakukan bila terdapat bukti yang obyektif assessed if there is an objective evidence of
mengenai penurunan nilai dengan impairment by using the impairment
menggunakan metodologi penurunan nilai methodology as disclosed in Note 2l.
sebagaimana diungkapkan dalam
Catatan 2l.
42
Page 417
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan l. Impairment of financial assets
Bank mengakui penyisihan kerugian kredit The Bank recognizes the allowance for
ekskpektasian pada instrumen keuangan expected credit losses on financial instruments
yang tidak diukur pada nilai wajar melalui that are not measured at fair value through
laba rugi. profit or loss.
Tidak ada penyisihan kerugian kredit There is no allowance for expected credit
ekskpektasian pada investasi instrumen losses on investment in equity instruments.
ekuitas.
Bank mengukur cadangan kerugian sejumlah The Bank measures the allowance for losses
kerugian kredit ekspektasian sepanjang for the lifetime of an expected credit losses,
umurnya, kecuali untuk hal berikut diukur except for the following which are measured
sejumlah kerugian kredit ekspektasian according to 12 months expected credit losses:
12 bulan:
- Instrumen utang yang memiliki risiko kredit - Debt instruments that have low credit risk at
rendah pada tanggal pelaporan; dan the reporting date; and
- Instrumen keuangan lainnya yang risiko - Other financial instruments for which credit
kreditnya tidak meningkat secara risk has not increased significantly since
signifikan sejak pengakuan awal. initial recognition.
Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss is part of
adalah bagian dari kerugian kredit the expected credit loss throughout its lifetime
ekspektasian sepanjang umurnya yang that represents an expected credit loss arising
merepresentasikan kerugian kredit from a default on financial instruments that
ekspektasian yang timbul dari peristiwa gagal might occur in 12 months after reporting date.
bayar instrumen keuangan yang mungkin
terjadi dalam 12 bulan setelah tanggal
pelaporan.
Pengukuran Kerugian Kredit Ekspektasian Measurement of Expected Credit Losses
Kerugian Kredit Ekspektasian adalah Expected Credit Losses are the estimate of the
estimasi probabilitas tertimbang dari weighted probability of a credit loss measured
kerugian kredit yang diukur sebagai berikut: as follows:
- Aset keuangan yang tidak memburuk - Financial assets that do not deteriorate at
pada tanggal pelaporan, kerugian kredit the reporting date, the expected credit loss
ekspektasian diukur sebesar selisih is measured at the difference between the
antara nilai kini dari seluruh kekurangan present value of all cash shortages i.e., the
kas yaitu selisih antara arus kas yang difference between the cash flows owed to
terutang kepada Bank sesuai dengan the Bank in accordance with the contract
kontrak dan arus kas yang diperkirakan and the cash flows expected to be received
akan diterima oleh Bank; by the Bank;
- Aset keuangan yang memburuk pada - Financial assets that deteriorate at the
tanggal pelaporan, kerugian kredit reporting date, the expected credit loss is
ekspektasian diukur sebesar selisih measured at the difference between the
antara jumlah tercatat bruto dan nilai kini gross carrying amount and the present
arus kas masa depan yang diestimasi; value of estimated future cash flows;
43
Page 418
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan (lanjutan) l. Impairment of financial assets (continued)
Pengukuran Kerugian Kredit Ekspektasian Measurement of Expected Credit Losses
(lanjutan) (continued)
Kerugian Kredit Ekspektasian adalah Expected Credit Losses are the estimate of the
estimasi probabilitas tertimbang dari weighted probability of a credit loss measured
kerugian kredit yang diukur sebagai berikut: as follows:
- Komitmen pinjaman yang belum ditarik, - For undisbursed loan commitments,
kerugian kredit ekspektasian diukur expected credit losses are measured at the
sebesar selisih antara nilai kini jumlah difference between the present value of the
arus kas jika komitmen ditarik dan arus amount of cash flow if the commitments is
kas yang diperkirakan akan diterima oleh withdrawn and the cash flow expected to be
Bank; received by the Bank;
- Kontrak jaminan keuangan, kerugian - For financial guarantee contracts, expected
kredit ekspektasian diukur sebesar selisih credit losses are measured at the difference
antara pembayaran yang diperkirakan between the estimated payments to replace
untuk mengganti pemegang atas the holder for the credit losses incurred less
kerugian kredit yang terjadi dikurangi the amount estimated to be recoverable.
jumlah yang diperkirakan dapat
dipulihkan.
Aset keuangan yang direstrukturisasi Restructured financial assets
Jika ketentuan aset keuangan If the terms of the financial assets are
dinegosiasikan ulang atau dimodifikasi atau renegotiated or modified or the existing
aset keuangan yang ada diganti dengan financial assets are replaced with new ones
yang baru karena kesulitan keuangan due to the borrower’s financial difficulties, an
peminjam, maka dilakukan penilaian apakah assessment is made whether recognition of
aset keuangan yang ada harus dihentikan existing financial assets must be derecognized
pengakuannya dan kerugian kredit and expected credit losses measured as
ekspektasian diukur sebagai berikut: follows:
- Jika restrukturisasi tidak mengakibatkan - If the restructuring does not result in the
penghentian pengakuan aset yang ada, termination of recognition of existing
maka arus kas yang diperkirakan yang assets, then the estimated cash flows
timbul dari aset keuangan yang arising from the modified financial assets
dimodifikasi dimasukkan dalam are included in the calculation of cash
perhitungan kekurangan kas dari aset shortages of existing assets.
yang ada.
- Jika restrukturisasi akan menghasilkan - If the restructuring will result in a
penghentian pengakuan aset yang ada, derecognition of the existing assets, the fair
maka nilai wajar aset baru diperlakukan value of the new asset is treated as the final
sebagai arus kas akhir dari aset cash flow of the existing financial assets at
keuangan yang ada pada saat the time of derecognition. This amount is
penghentian pengakuannya. Jumlah ini included in the calculation of cash
dimasukkan dalam perhitungan shortages from existing financial assets
kekurangan kas dari aset keuangan yang which are discounted from the date of
ada yang didiskontokan dari tanggal derecognition to the reporting date using
penghentian pengakuan ke tanggal the initial effective interest rate of the
pelaporan menggunakan suku bunga existing financial assets.
efektif awal dari aset keuangan yang
ada.
44
Page 419
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan (lanjutan) l. Impairment of financial assets (continued)
Aset keuangan yang memburuk Credit impaired financial assets
Pada setiap tanggal pelaporan, Bank menilai At each reporting date, the Bank assesses
apakah aset keuangan yang dicatat pada whether the financial assets recorded at
biaya perolehan diamortisasi dan aset amortized cost and the financial assets of debt
keuangan instrumen utang yang dicatat pada instruments which are recorded at fair value
nilai wajar melalui penghasilan komprehensif through other comprehensive income are
lain mengalami penurunan nilai kredit credit-impaired (worsening). Financial assets
(memburuk). Aset keuangan memburuk deteriorate when one or more events that have
ketika satu atau lebih peristiwa yang memiliki an adverse effect on the estimated future cash
damerugikan atas estimasi arus kas masa flows of the financial assets have occurred.
depan dari aset keuangan telah terjadi.
Bukti bahwa aset keuangan mengalami Evidence that financial assets become credit
penurunan nilai kredit (memburuk) termasuk impaired (worsening) including observable
data yang dapat diobservasi mengenai data regarding the following events:
peristiwa berikut ini:
- Kesulitan keuangan signifikan yang - Significant financial difficulties experienced
dialami penerbit atau pihak peminjam; by the issuer or the borrower;
- Pelanggaran kontrak, seperti peristiwa - Breach of contract, such as a default or
gagal bayar atau peristiwa tunggakan; arrears;
- Pihak pemberi pinjaman, untuk alasan - The lender, for economic or contractual
ekonomis atau kontraktual sehubungan reasons in relation to the financial difficulties
dengan kesulitan keuangan yang dialami experienced by the borrower, the lender has
pihak peminjam, pihak pemberi pinjaman given concession which is not possible if the
telah memberikan konsesi yang tidak borrower does not experience such
mungkin diberikan jika pihak peminjam difficulties;
tidak mengalami kesulitan tersebut;
- Terjadi kemungkinan bahwa pihak - It is probable that the borrower will enter
peminjam akan dinyatakan pailit atau bankruptcy or the other financial
melakukan reorganisasi keuangan reorganization;
lainnya;
- Hilangnya pasar aktif dari aset keuangan - Loss of an active market for financial assets
akibat kesulitan keuangan; atau due to financial difficulties; or
- Pembelian atau penerbitan aset keuangan - Purchase or issuance of financial asset at
dengan diskon sangat besar yang significant discount which reflects the credit
mencerminkan kerugian kredit yang loss that occurs.
terjadi.
45
Page 420
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan (lanjutan) l. Impairment of financial assets (continued)
Aset keuangan yang memburuk (lanjutan) Credit-impaired financial assets (continued)
Penyisihan kerugian kredit ekspektasian Allowance for expected credit losses is
disajikan dalam laporan posisi keuangan presented in the statement of financial
sebagai berikut: positions as follows:
- Aset keuangan yang diukur pada biaya - Financial assets measured at amortized
perolehan diamortisasi, penyisihan cost, allowance for expected credit losses is
kerugian kredit ekspektasian disajikan presented as a deduction from the gross
sebagai pengurang dari jumlah tercatat carrying amount of the asset;
bruto aset;
- Komitmen pinjaman dan kontrak jaminan - Loan commitments and financial guarantee
keuangan, penyisihan kerugian kredit contracts, allowance for expected credit
ekspektasian disajikan sebagai provisi; losses is presented as a provision;
- Instrumen utang yang diukur pada nilai - Debt instruments measured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income,
lain, penyisihan kerugian kredit allowance for expected credit losses is not
ekspektasian tidak diakui dalam laporan recognized in the statement of financial
posisi keuangan karena jumlah tercatat position because the carrying amounts of
dari aset-aset ini adalah nilai wajarnya. these assets are at their fair values.
Namun demikian, penyisihan kerugian However, allowance for expected credit
kredit ekspektasian diungkapkan dan losses is disclosed and recognized in other
diakui dalam penghasilan komprehensif comprehensive income.
lain.
Perhitungan penurunan nilai secara Individual impairment calculation
individual
Bank menetapkan pinjaman yang diberikan The Bank determines that impairment of loans
harus dievaluasi penurunan nilainya secara shall be evaluated individually, if one of the
individual, jika memenuhi salah satu kriteria following criteria is met:
di bawah ini:
- Pinjaman yang diberikan secara individual - Loans which individually have significant
memiliki nilai signifikan; atau value; or
- Pinjaman diberikan yang direstrukturisasi - Restructured loans which individually have
secara individual memiliki nilai signifikan. significant value.
46
Page 421
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
l. Penurunan nilai aset keuangan (lanjutan) l. Impairment of financial assets (continued)
Perhitungan penurunan nilai secara Collective impairment calculation
kolektif
Bank menetapkan pinjaman yang diberikan The Bank determines that impairment of loans
harus dievaluasi penurunan nilainya secara shall be evaluated collectively, if one of the
kolektif, jika memenuhi salah satu kriteria di following criteria is met:
bawah ini:
- Pinjaman yang diberikan secara individual - Loans which individually have insignificant
memiliki nilai tidak signifikan; atau value; or
- Pinjaman diberikan yang direstrukturisasi - Restructured loans which individually have
secara individual memiliki nilai tidak insignificant value.
signifikan.
Penerimaan kembali atas aset keuangan Recoveries of written-off financial assets
yang telah dihapusbukukan
Ketika pinjaman yang diberikan tidak When a loan is uncollectible, it is written-off
tertagih, pinjaman yang diberikan tersebut against the related allowance for impairment
dihapusbukukan dengan menjurnal balik loss. Such loans are written-off after all the
cadangan kerugian penurunan nilai. necessary procedures have been completed
Pinjaman yang diberikan tersebut dapat and the amount of the loss has been
dihapusbukukan setelah semua prosedur determined.
yang diperlukan telah dilakukan dan jumlah
kerugian telah ditentukan.
Penerimaan kembali atas aset keuangan The recoveries of written-off financial assets in
yang telah dihapusbukukan pada tahun the current year and previous years are
berjalan dan pada tahun sebelumnya dicatat recorded as operational income other than
sebagai pendapatan operasional selain interest income.
pendapatan bunga.
m. Penurunan nilai aset non-keuangan m. Impairment of non-financial assets
Pada setiap tanggal pelaporan, Bank At each reporting date, the Bank assesses
melakukan penilaian apakah terdapat whether there is any indication that its non-
indikasi bahwa aset non-keuangan mungkin financial assets may be impaired in accordance
mengalami penurunan nilai sesuai dengan with SFAS No. 48, “Impairment of Asset Value”.
PSAK No. 48 tentang “Penurunan Nilai Aset”. When an indicator of impairment exists or when
Ketika suatu indikator penurunan nilai terjadi an annual impairment testing for an asset is
atau ketika pengujian penurunan nilai required, the Bank makes a formal estimation
tahunan untuk aset diperlukan, maka Bank of the recoverable amount.
membuat estimasi resmi atas jumlah yang
terpulihkan.
47
Page 422
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
m. Penurunan nilai aset non-keuangan m. Impairment of non-financial assets
(lanjutan) (continued)
Nilai yang dapat dipulihkan adalah nominal Recoverable amount is the higher of an asset’s
yang lebih tinggi antara dari nilai wajar aset (or cash-generating unit) fair value less costs to
(atau unit penghasil kas) dikurangi besarnya sell and its value in use and is determined for
biaya untuk menjual dengan nilai pakai yang an individual asset, unless the asset does not
ditentukan untuk aset individu, kecuali jika generate cash inflows that are largely
aset tersebut tidak menghasilkan sebagian independent of those from other assets or
besar arus kas masuk dibandingkan groups of assets, in which case the recoverable
sejumlah aset lain atau kelompok aset, maka amount is assessed as part of the cash
nilai terpulihkan dinilai sebagai bagian dari generating unit to which it belongs. When the
unit penghasil kas. Apabila nilai tercatat carrying amount of an asset (or cash-
suatu aset (atau unit penghasil kas) lebih generating unit) exceeds its recoverable
besar daripada nilai terpulihkannya, maka amount, then the asset (or cash-generating
aset (atau unit penghasil kas) tersebut unit) is considered impaired and is written down
dianggap mengalami penurunan nilai dan to its recoverable amount. For assessing value
dicatat sebesar nilai terpulihkannya. Dalam in use, the estimated future cash flows are
menilai nilai pakai, estimasi arus kas masa discounted to their present value using a pre-
depan didiskontokan ke nilai kini tax discount rate that reflects current market
menggunakan tingkat suku bunga diskonto assessments of the time value of money and
sebelum pajak yang mencerminkan penilaian the risks specific to the asset (or cash-
pasar terkini mengenai nilai waktu dari uang generating unit).
dan risiko khusus terkait aset (atau unit
penghasil kas) tersebut.
Kerugian penurunan nilai akan dibebankan An impairment loss is charged to operations on
pada periode yang bersangkutan, kecuali the period in which it arises, unless the asset is
apabila aset tersebut telah dicatat sebesar carried at a revalued amount, in which case the
jumlah yang direvaluasi, maka kerugian impairment loss is charged to the revaluation
penurunan nilai tersebut akan dibebankan increment of the said asset.
pada selisih penilaian kembali aset tersebut.
Bank melakukan evaluasi pada setiap The Bank assesses at each reporting date as
tanggal pelaporan apakah terdapat indikasi to whether there is any indication that
bahwa pengakuan kerugian penurunan nilai previously recognized impairment losses may
sebelumnya mungkin tidak lagi ada atau no longer exist or may have decreased. If such
telah menurun. Bila terdapat indikasi indications exist, then the recoverable amounts
tersebut, maka nilai terpulihkan akan shall be estimated. A previously recognized
diestimasi. Kerugian penurunan nilai yang impairment loss is reversed only if there has
sebelumnya telah diakui akan dibalik hanya been a change in the estimates used to
jika telah terjadi perubahan dalam estimasi determine the asset’s recoverable amount
yang digunakan untuk menentukan nilai since the last impairment loss was recognized.
terpulihkan aset sejak kerugian penurunan If that is the case, the carrying amount of the
nilai terakhir diakui. Jika demikian, nilai asset will be increased to its recoverable
tercatat aset akan ditingkatkan sebesar nilai amount.
terpulihkannya.
48
Page 423
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
m. Penurunan nilai aset non-keuangan m. Impairment of non-financial assets
(lanjutan) (continued)
Peningkatan nilai aset tersebut tidak dapat The increased amount cannot exceed the
melebihi nilai tercatat yang seharusnya carrying amount that would have been
diakui, setelah dikurangi penyusutan jika determined, net of depreciation, assuming that
diasumsikan tidak terdapat penurunan nilai there has no impairment loss been recognized
pada tahun sebelumnya. Pembalikan for the asset in prior years. Such reversal is
tersebut diakui di dalam laporan laba rugi dan recognized in the statement of profit or loss and
penghasilan komprehensif lain, kecuali jika other comprehensive income, unless the asset
aset tersebut dicatat pada nilai revaluasi, is carried at a revalued amount, in which case
dimana pembalikannya akan diakui sebagai the reversal is treated as a revaluation
peningkatan revaluasi. increase.
Setelah pembalikan tersebut dicatat, beban After such reversal is recorded, the
penyusutan akan disesuaikan ke tahun- depreciation expense shall be adjusted in
tahun mendatang untuk mengalokasikan nilai future years to allocate the asset’s revised
tercatat aset yang telah direvaluasi, setelah carrying amount, minus any residual value on a
dikurangi nilai sisa yang diperhitungkan systematic basis over its remaining life.
secara sistematis sepanjang masa manfaat
aset tersebut.
n. Efek-efek yang dibeli/dijual dengan janji n. Securities purchased/sold under
dijual/dibeli kembali agreements to resell/repurchase
Efek-efek yang dibeli dengan janji untuk Securities purchased under agreements to
dijual kembali pada kelompok biaya resell at amortized cost are measured at
perolehan diamortisasi, diukur pada biaya amortized cost by using the effective interest
perolehan diamortisasi dengan rate method.
menggunakan metode suku bunga efektif.
Efek-efek yang dibeli dengan janji untuk Securities purchased under agreements to
dijual kembali diukur pada nilai wajar melalui resell are measured at fair value through profit
laba rugi dicatat di laporan posisi keuangan or loss are recorded at fair value in the
sebesar nilai wajar. statement of financial position.
Efek-efek yang dibeli dengan janji untuk Securities purchased under agreements to
dijual kembali disajikan sebagai aset dalam resell are presented as asset in the statement
laporan posisi keuangan sebesar harga of financial position, at the resale price net of
penjualan kembali dikurangi dengan unamortized interest income and allowance for
pendapatan bunga yang belum diamortisasi impairment losses. The difference between the
dan cadangan kerugian penurunan nilai. purchase price and the resale price is treated
Selisih antara harga beli dan harga jual as unearned interest income, and recognized
kembali diperlakukan sebagai pendapatan as income over the period starting from when
bunga yang ditangguhkan dan diakui sebagai those securities are purchased until they are
pendapatan selama periode sejak efek-efek sold by using effective interest rate method.
tersebut dibeli hingga dijual menggunakan
suku bunga efektif.
49
Page 424
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
n. Efek-efek yang dibeli/dijual dengan janji n. Securities purchased/sold under
dijual/dibeli kembali (lanjutan) agreements to resell/repurchase (continued)
Efek-efek yang dijual dengan janji untuk Securities sold under agreements to
dibeli kembali disajikan sebagai liabilitas repurchase are presented as liabilities in the
dalam laporan posisi keuangan sebesar statement of financial position at the
harga pembelian kembali, dikurangi dengan repurchase price, net of unamortized prepaid
bunga dibayar di muka yang belum interest. The difference between the selling
diamortisasi. Selisih antara harga jual dan price and the repurchase price is treated as
harga beli kembali diperlakukan sebagai prepaid interest and recognized as interest
bunga dibayar di muka dan diakui sebagai expense over the period starting from when
beban bunga selama jangka waktu sejak those securities are sold until they are
efek-efek tersebut dijual hingga dibeli repurchased by using effective interest rate
kembali menggunakan metode suku bunga method.
efektif.
Efek-efek yang dijual dengan janji untuk Securities sold under agreements to
dibeli kembali diukur pada nilai wajar melalui repurchase are measured at fair value through
laba rugi dicatat di laporan posisi keuangan profit or loss are recorded at fair value in the
sebesar nilai wajar. statement of financial position.
Keuntungan atau kerugian yang belum Unrealized gains or losses resulting from the
direalisasi akibat kenaikan atau penurunan increase or decrease in fair value are
nilai wajar disajikan dalam laporan laba rugi recognized in the current year statement of
tahun berjalan. profit or loss.
o. Aset tetap o. Fixed assets
Aset tetap dinyatakan sebesar biaya Fixed assets are stated at cost minus
perolehan dikurangi akumulasi penyusutan accumulated depreciation and impairment
dan rugi penurunan nilai. Biaya perolehan losses. Such cost includes the cost of
termasuk biaya penggantian bagian aset replacing part of the fixed assets when that
tetap saat biaya tersebut terjadi, jika cost is incurred, if the recognition criteria are
memenuhi kriteria pengakuan. Selanjutnya, met. Likewise, when a major inspection is
pada saat pemeriksaan yang signifikan performed, its cost is recognized in the
dilakukan, biaya pemeriksaan itu diakui pada carrying amount of the fixed assets as a
nilai tercatat aset tetap sebagai suatu replacement, if the recognition criterias are
penggantian, jika memenuhi kriteria satisfied. All repairs and maintenance costs
pengakuan. Semua biaya perbaikan dan that do not meet the recognition criterias are
pemeliharaan yang tidak memenuhi kriteria recognized in the statement of profit or loss
pengakuan diakui pada laporan laba rugi dan and other comprehensive income as incurred.
penghasilan komprehensif lain pada saat
terjadinya.
50
Page 425
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
o. Aset tetap (lanjutan) o. Fixed assets (continued)
Penyusutan dihitung dengan menggunakan Depreciation is calculated on a straight-line
metode garis lurus selama umur manfaat method over the estimated useful lives of the
aset tetap yang diestimasi sebagai berikut: assets as follows:
Tahun/
Years
Bangunan dan prasarana bangunan 10-20 Buildings and building improvements
Perabot kantor, peralatan kantor dan Furniture and fixtures, office equipment
kendaraan 3-10 and vehicles
Persentase/
Percentage
Bangunan dan prasarana bangunan 5-10 Buildings and building improvements
Perabot kantor, peralatan kantor dan Furniture and fixtures, office equipment
kendaraan 10-33 and vehicles
Biaya pengurusan hak legal atas tanah Legal cost of land rights in the form of Building
dalam bentuk Hak Guna Bangunan ketika Rights Title when the land was acquired
tanah diperoleh pertama kali diakui sebagai initially is recognized as part of the cost of the
bagian dari biaya perolehan tanah pada akun land under the “Fixed assets” account and are
“Aset tetap” dan tidak diamortisasi. not amortized.
Sementara itu, biaya pengurusan atas Meanwhile, the extension or the legal renewal
perpanjangan atau pembaruan hak legal atas costs of land rights in the form of Cultivation
tanah dalam bentuk Hak Guna Usaha, Hak Rights Title, Building Rights Title and Rights to
Guna Bangunan dan Hak Pakai dibebankan Use Title are charged to the statement of profit
pada laporan laba rugi dan penghasilan or loss and other comprehensive income as
komprehensif lain pada saat terjadinya incurred because its value is insignificant.
karena nilainya tidak signifikan.
Nilai residu, umur manfaat dan metode The residual values, useful lives and
penyusutan ditelaah dan jika sesuai dengan depreciation methods are reviewed and
keadaan, maka akan disesuaikan secara adjusted prospectively when appropriate at
prospektif pada setiap akhir periode. each period end.
Bank melakukan penelaahan untuk The Bank evaluates any indication of asset
menentukan adanya indikasi terjadinya impairment on a quarterly basis. The Bank
penurunan nilai aset setiap kuartalan. Bank determines the estimated realizable amount of
menentukan taksiran jumlah yang dapat its assets if there is an event or condition which
direalisasi kembali atas semua asetnya jika indicates impairment of the asset.
terdapat suatu peristiwa atau kondisi yang
mengindikasikan adanya penurunan nilai
aset.
51
Page 426
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
o. Aset tetap (lanjutan) o. Fixed assets (continued)
Bank mengakui aset hak guna untuk sewa The Bank recognizes the right-of-use assets
yang memenuhi kriteria PSAK No. 73 for lease that meet the criterias of
sebagai berikut: SFAS No. 73 as follows:
- Terdapat aset identifikasian; - There are identifying assets;
- Bank secara substansial menikmati - The Bank substantially enjoy the economic
manfaat ekonomis dari penggunaan aset benefits of using identifying assets;
identifikasian;
- Bank memiliki hak untuk mengendalikan - The Bank has the right to control the
aset identifikasian dimaksud. identifying assets.
Bank menerapkan pengecualian atas sewa The Bank applies exceptions to the lease as
sebagai berikut: follows:
- Dengan jangka waktu kurang atau sama - With a term less than or equal to 12 months
dengan 12 bulan dan tidak terdapat opsi and no purchase options;
beli;
- Dengan nilai pendasar rendah, yaitu - With low base value, i.e., less or equal to
kurang atau sama dengan Rp75.000.000 Rp75,000,000 (full amount).
(nilai penuh);
Untuk sewa yang tidak memenuhi kriteria For lease that does not meet the criterias of
PSAK No. 73, maka diperlakukan sebagai SFAS No. 73, then it is treated as a regular
sewa operasi biasa. operating lease.
Bank mengakui liabilitas sewa sebesar The Bank recognizes lease liabilities at the
jumlah pembayaran sewa yang masih harus amount of lease payments accrued to the end
dibayar hingga akhir masa sewa yang of the lease term which discounted using the
didiskontokan dengan menggunakan suku incremental borrowing rate. While the right-of-
bunga pinjaman inkremental. Sedangkan use assets includes the amount of lease
aset hak guna mencakup jumlah liabilitas liabilities recognized, initial direct costs paid,
sewa yang diakui, biaya langsung awal yang restoration costs and lease payments on or
dibayarkan, biaya pemulihan dan before the start date of the lease, less lease
pembayaran sewa yang dilakukan pada atau incentives received. Right-of-use assets are
sebelum tanggal mulai sewa, dikurangi depreciated using the straight-line method
insentif sewa yang diterima. Aset hak guna over the shorter period between the lease term
disusutkan dengan metode garis lurus and the estimated useful life of the asset.
selama jangka waktu yang lebih pendek
antara masa sewa dengan estimasi masa
manfaat aset.
p. Aset hak guna dan liabilitas sewa p. Right-of-use assets and lease liabilities
Jika kepemilikan aset sewa dialihkan ke If the ownership of lease asset is transferred
Bank pada akhir masa sewa atau to the Bank at the end of the lease term or the
pembayaran sewa mencerminkan lease payments reflect the exercise of the
pelaksanaan opsi pembelian, maka purchase option, then depreciation is
penyusutan dihitung menggunakan estimasi calculated using the estimated useful life of the
masa manfaat ekonomis aset. Aset hak guna assets. Right-of-use assets are tested for
diuji penurunan nilainya sesuai dengan impairment in accordance with SFAS No. 48
PSAK No. 48 tentang “Penurunan Nilai regarding “Impairment”.
Aset”.
52
Page 427
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
p. Aset hak guna dan liabilitas sewa p. Right-of-use assets and lease liabilities
(lanjutan) (continued)
Pada tanggal dimulainya sewa, Bank On the initial of lease date, the Bank
mengakui liabilitas sewa yang diukur pada recognizes lease liabilities which measured at
nilai kini dari pembayaran sewa masa depan the present value of future lease payments
yang akan dibayarkan selama masa sewa. that will be paid over the lease term. Lease
Pembayaran sewa termasuk pembayaran payments include fixed payments (including
tetap (termasuk pembayaran tetap secara substantially fixed payments), less lease
substansi) dikurangi piutang insentif sewa, incentive receivables, variable lease
pembayaran sewa variabel yang bergantung payments that depends on index or interest
pada indeks atau suku bunga dan jumlah rate and the expected amount to be paid in a
yang diharapkan akan dibayar dalam residual value guarantee. Lease payments
jaminan nilai residu. Pembayaran sewa juga also include the reasonable exercise price for
termasuk harga eksekusi opsi pembelian the purchase option if it is determined to be
yang wajar jika dipastikan akan dilakukan made by the Bank and the payment of a
oleh Bank dan pembayaran penalti untuk penalty to terminate the lease, if the lease term
mengakhiri sewa, jika jangka waktu sewa reflects the Bank exercising the lease
mencerminkan Bank mengeksekusi opsi termination option.
penghentian sewa.
Pembayaran sewa variabel yang tidak Variable lease payments that are not depends
bergantung pada indeks atau suku bunga on an index or interest rate are recognized as
diakui sebagai beban pada periode di mana an expense in the period in which the event or
peristiwa atau kondisi yang memicu condition that triggers the payment occurs.
pembayaran terjadi.
Dalam menghitung nilai kini dari pembayaran In calculating the present value of lease
sewa, Bank menggunakan suku bunga payments, the Bank uses the lessee
pinjaman inkremental penyewa pada tanggal incremental borrowing rate at the inception
dimulainya sewa karena suku bunga implisit date of the lease since the interest rate implicit
dalam sewa tidak dapat ditentukan. Setelah in the lease cannot be determined. After the
tanggal dimulainya sewa, jumlah liabilitas inception date of the lease, the amount of the
sewa ditingkatkan untuk mencerminkan lease liability is increased to reflect the interest
pertambahan bunga dan dikurangi increase and less lease payments made.
pembayaran sewa yang dilakukan. Selain itu, Furthermore, the lease liabilities carrying
jumlah tercatat liabilitas sewa diukur kembali amount is remeasured if there are
jika terdapat modifikasi, perubahan jangka modifications, changes in term of the lease,
waktu sewa, perubahan pembayaran sewa, lease payments, or the valuation of the option
atau perubahan dalam penilaian opsi untuk to purchase the underlying asset.
membeli aset pendasar.
53
Page 428
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
p. Aset hak guna dan liabilitas sewa p. Right-of-use assets and lease liabilities
(lanjutan) (continued)
Sewa jangka pendek (dengan jangka waktu Short-term leases (with term of less or equal
kurang atau sama dengan 12 bulan) dan to 12 months) and leases of low-value assets,
sewa aset bernilai rendah, serta elemen- and elements of those leases, partially or
elemen sewa tersebut, sebagian atau entirely not applying the recognition principles
seluruhnya tidak menerapkan prinsip-prinsip stipulated by SFAS No. 73 will be treated the
pengakuan yang ditentukan oleh PSAK No. same as operating leases in SFAS No. 30. The
73 akan diperlakukan sama dengan sewa Bank will recognize these lease payments on
operasi pada PSAK No. 30. Bank akan a straight-line basis during the lease period on
mengakui pembayaran sewa tersebut the statement of profit or loss and other
dengan dasar garis lurus selama masa sewa comprehensive income. This expense is
dalam laporan laba rugi dan penghasilan recorded under general and administrative
komprehensif lain. Beban ini dicatat pada expenses in profit or loss.
beban umum dan administrasi dalam laporan
laba rugi.
Penerapan pencatatan PSAK No. 73 berlaku The recording implementation of SFAS No. 73
untuk seluruh sewa (kecuali sebagaimana is applied for all leases (except as stated
yang disebutkan sebelumnya) sebagai earlier) as follows:
berikut:
- Menyajikan aset hak guna sebagai bagian - Presents right-of-use assets as part of fixed
dari aset tetap dan liabilitas sewa disajikan assets and lease liabilities presented as
sebagai bagian dari liabilitas lain-lain part of other liabilities in the statement of
dalam laporan posisi keuangan, yang financial position which measured at the
diukur pada nilai kini dari pembayaran present value of the future lease payments;
sewa masa depan;
- Mencatat penyusutan aset hak guna dan - Records depreciation of right-of-use assets
bunga atas liabilitas sewa dalam laporan and interest on lease liabilities in the
laba rugi dan penghasilan komprehensif; 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 (presented
kegiatan operasional) dalam laporan arus within operating activities) in the statement
kas. of cash flows.
q. Aset tak berwujud q. Intangible assets
Aset tak berwujud diukur sebesar nilai Intangible assets is measured on initial
perolehan pada pengakuan awal, kemudian recognition at cost, then will be carried at cost
dicatat pada biaya perolehan dikurangi less any accumulated amortization and any
akumulasi amortisasi dan akumulasi accumulated impairment loss. The usefeul life
kerugian penurunan nilai. Umur manfaat aset of intangible assets is assessed to be either
tak berwujud dinilai apakah terbatas atau finite of indefinite.
tidak terbatas.
54
Page 429
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
q. Aset tak berwujud (lanjutan) q. Intangible assets (continued)
Aset tak berwujud dengan umur manfaat Intangible asset with finite useful life
terbatas
Aset tak berwujud dengan umur manfaat Intangible assets with finite useful life is
terbatas diamortisasi selama umur manfaat amortized over the economic useful life by
ekonomi dengan metode garis lurus (atau using a straight-line method (or other method
metode lain sepanjang mencerminkan pola as it reflects the pattern in which the asset’s
manfaat ekonomis masa depan yang future economic benefits are expected to be
diperkirakan dikonsumsi oleh entitas). consumed by the entity).
Amortisasi dihitung sebagai penghapusan Amortization is calculated to write-off the cost
biaya perolehan aset, dikurangi nilai of the assets, less its estimated residual value,
residunya, atas umur ekonomisnya sebagai over its useful economic life as follows:
berikut:
Tahun/
Years
Hubungan dengan nasabah 10 Customer relationship
Simpanan dari nasabah 10 Customer’s deposits
Periode amortisasi dan metode amortisasi The amortization period and the amortization
untuk aset tak berwujud dengan umur method for an intangible asset with finite useful
manfaat terbatas ditelaah setidaknya setiap life are reviewed at least at each financial year-
akhir tahun buku. end.
Aset tak berwujud dengan umur manfaat Intangible asset with indefinite useful life
tidak terbatas
Aset tak berwujud dengan umur manfaat Intangible assets with indefinite useful life is
tidak terbatas tidak diamortisasi. Masa not amortized. The useful life of this type of
manfaat jenis aset ini ditelaah setiap tahun asset that is not being amortized is reviewed
untuk menentukan apakah peristiwa dan annually to determine whether events and
keadaan dapat terus mendukung penilaian cisrcumstances continue to support an
bahwa umur manfaat tetap tidak terbatas. indefinite useful life assessment for that asset.
Jika tidak, perubahan masa manfaat dari If not, the change in the useful life assessment
tidak terbatas menjadi terbatas diterapkan from indefinite to finite is accounted for an
secara prospektif. prospective basis.
Aset tak berwujud dengan umur manfaat Intangible assets with indefinite useful life is
tidak terbatas diuji untuk penurunan nilai tested for impairment annually and whenever
setiap tahun dan kapanpun terdapat suatu there is an indication that the intangible asset
indikasi bahwa aset tak berwujud mungkin may be impaired.
mengalami penurunan nilai.
55
Page 430
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
q. Aset tak berwujud (lanjutan) q. Intangible assets (continued)
Aset tak berwujud dengan umur manfaat Intangible asset with indefinite useful life
tidak terbatas (lanjutan) (continued)
Aset tak berwujud dihentikan pengakuannya An intangible asset is derecognized upon
pada saat pelepasan (yaitu, pada tanggal disposal (i.e., at the date the recipient obtains
penerima memperoleh kendali) atau ketika control) or when no future economic benefits
tidak ada manfaat ekonomi masa depan are expected from its use or disposal. Any gain
yang diharapkan dari penggunaan atau or loss arising upon derecognition of the asset
pelepasannya. Keuntungan atau kerugian (calculated as the difference between the net
yang timbul dari penghentian pengakuan disposal proceeds and the carrying amount of
aset (dihitung sebagai perbedaan antara the asset) is included in the statement of profit
hasil pelepasan neto dan jumlah tercatat or loss.
aset) dimasukkan dalam laporan laba rugi.
r. Agunan yang diambil alih r. Foreclosed assets
Agunan yang diambil alih sehubungan Collaterals acquired through foreclosures
dengan penyelesaian pinjaman yang related to the loans settlement are presented
diberikan disajikan sebagai bagian dari akun as part of “Other assets” account.
“Aset lain-lain”.
Pada saat pengakuan awal, agunan yang At initial recognition, foreclosed assets are
diambil alih dibukukan pada nilai wajar stated at fair value, net of estimated costs to
setelah dikurangi perkiraan biaya untuk sell at the maximum of the borrower’s liabilities
menjualnya, maksimum sebesar liabilitas as stated in the statement of financial position.
debitur di laporan posisi keuangan. Setelah After initial recognition, foreclosed assets are
pengakuan awal, agunan yang diambil alih recorded at the amount whichever is lower of
dibukukan sebesar nilai yang lebih rendah the carrying amount and fair value, net of
antara nilai tercatat dengan nilai wajarnya estimated costs to sell. The excess of the
setelah dikurangi dengan biaya untuk uncollectible loan balance over the value of the
menjualnya. Selisih lebih saldo kredit diatas collateral is charged to allowance for
nilai realisasi bersih dari agunan yang diambil impairment losses.
alih dibebankan ke dalam akun cadangan
kerugian penurunan nilai.
Beban-beban yang berkaitan dengan Maintenance expenses of foreclosed assets
pemeliharaan agunan yang diambil alih are charged to the statement of profit or loss
dibebankan pada laporan laba rugi dan and other comprehensive income as incurred.
penghasilan komprehensif lain pada saat
terjadinya.
Laba atau rugi yang diperoleh atau berasal Gains or losses earned or incurred from the
dari penjualan agunan yang diambil alih sale of foreclosed assets are presented as part
disajikan sebagai bagian dari “Pendapatan/ of “Non-operating income/(expense) - net” in
(beban) non-operasional - neto” pada the statement of profit or loss and other
laporan laba rugi dan penghasilan comprehensive income for the current year.
komprehensif lain tahun berjalan.
56
Page 431
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
s. Biaya dibayar di muka s. Prepaid expenses
Biaya dibayar di muka dibebankan pada Prepaid expenses are charged to operations
usaha sesuai dengan masa manfaatnya dan over the period benefited and presented as
disajikan sebagai bagian dari akun “Aset lain- part of “Other assets” account.
lain”.
t. Simpanan dari nasabah t. Deposits from customers
Simpanan dari nasabah adalah dana yang Deposits from customers are the funds
dipercayakan oleh nasabah (di luar bank lain) entrusted by customers (excluding other
kepada Bank berdasarkan perjanjian banks) to the Bank based on deposit
penyimpanan dana. Simpanan dari nasabah agreements. Deposits from customers consist
terdiri dari giro, tabungan dan deposito of demand deposits, saving deposits and time
berjangka. deposits.
Giro, tabungan dan deposito berjangka Demand deposits, saving deposits and time
diakui sebesar nilai wajar pada awalnya dan deposits are initially recognized at fair value
selanjutnya diukur sebesar biaya perolehan and subsequently measured at amortized
diamortisasi. Biaya perolehan diamortisasi cost. Amortized cost is calculated by taking
dihitung dengan memperhitungkan adanya into account any discount or premium related
diskonto atau premi terkait dengan to the initial recognition of deposits and
pengakuan awal simpanan dan biaya transaction costs that are an integral part of the
transaksi yang merupakan bagian yang tak EIR.
terpisahkan dari suku bunga efektif.
u. Simpanan dari bank lain u. Deposits from other banks
Simpanan dari bank lain merepresentasikan Deposits from other banks represent liabilities
liabilitas terhadap bank lain, baik di dalam to other domestic and overseas banks in the
maupun di luar negeri berupa giro, tabungan, form of demand deposits, saving deposits,
interbank call money dengan periode jatuh interbank call money with maturity period
tempo berdasarkan perjanjian kurang dari under agreement is less than or equal to
atau sama dengan 90 hari dan deposito 90 days and time deposits.
berjangka.
Simpanan dari bank lain diakui sebesar nilai Deposits from other banks are initially
wajar pada awalnya dan selanjutnya recognized at fair value and subsequently
diukur sebesar biaya perolehan diamortisasi measured at amortized cost using the EIR.
dengan menggunakan suku bunga efektif. Amortized cost is calculated by taking into
Biaya perolehan diamortisasi dihitung account any discount or premium related to
dengan memperhitungkan diskonto atau the initial recognition of deposits from other
premi yang terkait dengan pengakuan awal bank and transaction costs that are integral
simpanan dari bank lain dan biaya transaksi part of the EIR.
yang merupakan bagian yang tidak
terpisahkan dari suku bunga efektif.
57
Page 432
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
v. Efek utang yang diterbitkan v. Debt securities issued
Efek utang yang diterbitkan diakui sebesar Debt securities issued are initially recognized
nilai wajar pada awalnya dan selanjutnya at fair value and subsequently measured at
diukur sebesar nilai biaya perolehan amortized cost using EIR method. Amortized
diamortisasi dengan menggunakan metode cost is calculated by taking into account any
suku bunga efektif. Biaya perolehan discount or premium related to the initial
diamortisasi dihitung dengan recognition of debt securities issued and
memperhitungkan adanya diskonto atau transaction costs that are an integral part of
premi terkait dengan pengakuan awal efek EIR.
utang yang diterbitkan dan biaya transaksi
yang merupakan bagian yang tidak
terpisahkan dari suku bunga efektif.
w. Pendapatan dan beban bunga w. Interest income and expenses
Instrumen keuangan yang diukur pada biaya For financial instruments measured at
perolehan diamortisasi, aset dan liabilitas amortized cost, financial assets and liabilities
keuangan yang diklasifikasikan sebagai nilai classified as fair value through other
wajar melalui pendapatan komprehensif lain, comprehensive income, interest income and
pendapatan maupun beban bunganya diakui expenses are recognized using the EIR, which
dengan menggunakan suku bunga efektif is the rate that exactly discounts the estimated
yaitu suku bunga yang akan mendiskonto future cash payments or receipts through the
secara tepat estimasi pembayaran atau expected life of the financial instrument or a
penerimaan kas di masa depan sepanjang shorter period, where appropriate, to the net
perkiraan umur instrumen keuangan tersebut carrying amount of the financial asset or
atau jika lebih tepat untuk masa yang lebih financial liability. The calculation takes into
singkat sebagai nilai tercatat bersih dari account all contractual terms of the financial
aset atau liabilitas keuangan tersebut. instrument and includes any fees or
Perhitungan dilakukan dengan incremental costs that are directly attributable
mempertimbangkan seluruh syarat dan to the instrument and are an integral part of the
ketentuan kontraktual instrumen keuangan EIR.
termasuk fee atau biaya tambahan yang
terkait secara langsung dengan instrumen
tersebut yang merupakan bagian tidak
terpisahkan dari suku bunga efektif.
Nilai tercatat aset atau liabilitas keuangan The carrying amount of the financial asset or
disesuaikan jika Bank merevisi estimasi liability is adjusted if the Bank revises its
pembayaran atau penerimaan. Nilai tercatat estimates of payments or receipts. The
yang disesuaikan tersebut dihitung dengan adjusted carrying amount is calculated using
menggunakan suku bunga efektif awal dan the initial EIR and the change in carrying
perubahan nilai tercatat dibukukan pada amount is recorded in the statement of profit
laporan laba rugi dan pendapatan or loss and other comprehensive income.
komprehensif lainnya. Tetapi untuk aset However, for a reclassified financial asset for
keuangan yang telah direklasifikasi, dimana which the Bank subsequently increases its
pada tahun berikutnya Bank meningkatkan estimates of future cash receipts as a result of
estimasi pemulihan kas sebagai hasil dari increased recoverability of those cash
peningkatan pengembalian penerimaan kas, receipts, the effect of that increase is
dampak peningkatan pemulihan tersebut recognized as an adjustment to the EIR from
diakui sebagai penyesuaian suku bunga the date of the change in estimate.
efektif sejak tanggal perubahan estimasi.
58
Page 433
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
w. Pendapatan dan beban bunga (lanjutan) w. Interest income and expenses (lanjutan)
Ketika nilai tercatat aset keuangan atau Once the recorded value of a financial asset or
kelompok aset keuangan serupa telah a group of similar financial assets has been
diturunkan akibat kerugian penurunan nilai, reduced due to an impairment loss, accordingly
maka pendapatan bunga tetap diakui pada interest income continues to be recognized
tingkat suku bunga yang digunakan untuk using the rate of interest used to discount the
mendiskontokan arus kas masa depan dalam future cash flows for the purpose of measuring
pengukuran kerugian penurunan nilai. the impairment loss.
x. Pendapatan dan beban provisi dan komisi x. Fees and commissions income and
expenses
Pendapatan dan beban provisi dan komisi Fees and commissions that have material
yang jumlahnya material yang berkaitan amount directly related with the acquisition of
langsung dengan kegiatan pemberian aset financial assets are recognized as addition or
keuangan diakui sebagai bagian penambah deduction part of acquisition cost of related
atau pengurang dari biaya perolehan aset financial assets and will be recognized as
keuangan yang bersangkutan dan akan income and amortized using the EIR during the
diakui sebagai pendapatan dengan cara expected life of financial assets or liabilities.
diamortisasi berdasarkan suku bunga efektif
sepanjang perkiraan umur aset atau liabilitas
keuangan.
Saldo beban yang ditangguhkan dan The outstanding balances of deferred fees and
pendapatan komisi atas pinjaman yang commission income on loans that are
diberikan yang diakhiri atau diselesaikan terminated or settled prior to maturity are
sebelum jatuh tempo diakui sebagai recognized as income on settlement.
pendapatan dari penyelesaian.
y. Transaksi dan saldo dalam mata uang y. Foreign currencies transactions and
asing balances
Transaksi dalam mata uang asing dicatat Transactions involving foreign currencies are
berdasarkan kurs yang berlaku pada saat recorded at the rates of exchange prevailing at
transaksi dilakukan. Pada tanggal laporan the time the transactions are made. At
posisi keuangan, aset dan liabilitas moneter statement of financial position dates, monetary
dalam mata uang asing dijabarkan ke dalam assets and liabilities denominated in foreign
mata uang Rupiah berdasarkan kurs spot currencies are translated into Rupiah based on
Reuters pada tanggal tersebut pukul 16.00 Reuters’ spot rates at 16.00 WIB (West
WIB (Waktu Indonesia Barat). Indonesian local time) on that date.
Laba atau rugi kurs yang terjadi dikreditkan The resulting gains or losses are credited or
atau dibebankan pada laporan laba rugi dan charged to the statement of profit or loss and
penghasilan komprehensif lain tahun other comprehensive income for the current
berjalan. year.
59
Page 434
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
y. Transaksi dan saldo dalam mata uang y. Foreign currencies transactions and
asing (lanjutan) balances (continued)
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, the middle
kurs tengah mata uang asing adalah sebagai rates of the foreign currencies are as follows:
berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Pound Sterling Inggris 19.626,56 18.786,09 Great Britain Pound Sterling
Franc Swiss 18.299,27 16.827,00 Swiss Franc
Euro Eropa 17.038,32 16.581,72 European Euro
Dolar Amerika Serikat 15.397,00 15.567,50 United States Dollar
Dolar Singapura 11.676,34 11.592,88 Singapore Dollar
Dolar Kanada 11.629,59 11.486,39 Canadian Dollar
Dolar Australia 10.520,77 10.557,88 Australian Dollar
Dolar Selandia Baru 9.765,55 9.851,12 New Zealand Dollar
Ringgit Malaysia 3.355,20 3.533,66 Malaysian Ringgit
Yuan China (CNY) 2.170,06 2.238,91 (CNY) Chinese Yuan
Yuan China (CNH) 2.169,50 2.234,50 (CNH) Chinese Yuan
Dolar Hong Kong 1.970,73 1.996,55 Hong Kong Dollar
Krona Swedia 1.541,54 1.487,84 Swedish Krona
Baht Thailand 449,74 450,71 Thailand Baht
Yen Jepang 108,88 117,81 Japanese Yen
z. Imbalan kerja z. Employee benefits
Beban pensiun berdasarkan program dana Pension costs under defined benefit pension
pensiun manfaat pasti ditentukan melalui plans are determined by periodic actuarial
perhitungan aktuaria secara periodik dengan calculation using the projected-unit-credit
menggunakan metode projected-unit-credit method and applying the assumptions on
dan menerapkan asumsi atas tingkat discount rate, expected return on plan assets
diskonto, hasil yang diharapkan atas aset and annual rate of increase in compensations.
dana pensiun dan tingkat kenaikan manfaat
pasti pensiun tahunan.
Seluruh pengukuran kembali yang terdiri atas All remeasurements comprises of actuarial
keuntungan dan kerugian aktuarial dan hasil gains and losses and the return of plan assets
atas aset dana pensiun (tidak termasuk (excluding net interest) are recognized
bunga bersih) diakui langsung melalui immediately through other comprehensive
penghasilan komprehensif lainnya dengan income in order for the net pension asset or
tujuan agar aset atau kewajiban pensiun liability recognized in the statement of financial
bersih diakui dalam laporan posisi keuangan position to reflect the full value of the plan
untuk mencerminkan nilai penuh dari defisit deficit and surplus. Remeasurements are not
dan surplus dana pensiun. Pengukuran reclassified to profit or loss in the subsequent
kembali tidak direklasifikasikan ke laba atau periods.
rugi pada periode berikutnya.
Seluruh biaya jasa lalu diakui di awal pada All past service costs are recognized at the
saat amendemen/kurtailmen terjadi atau earlier of when the amendment/curtailment
ketika biaya restrukturisasi atau pemutusan occurs and when the restructuring costs or
hubungan kerja diakui. Sebagai akibatnya, termination costs are recognized. As a result,
biaya jasa lalu yang belum vested tidak lagi unvested past service costs can no longer be
dapat ditangguhkan dan diakui selama deferred and recognized over the future
periode vesting masa depan. vesting period.
60
Page 435
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
z. Imbalan kerja (lanjutan) z. Employee benefits (continued)
Beban bunga dan pengembalian aset dana The interest costs and expected return on plan
pensiun yang diharapkan sebagaimana assets used in the previous version of SFAS
digunakan dalam PSAK No. 24 digantikan No. 24 are replaced with a net-interest amount,
dengan beban bunga - bersih yang dihitung which are calculated by applying the discount
dengan menggunakan tingkat diskonto untuk rate to the net defined benefit liability or asset
mengukur kewajiban manfaat pasti-bersih at the start of each annual reporting period.
atau aset pada saat awal dari tiap periode
pelaporan tahunan.
Bank memiliki program pensiun iuran pasti. The Bank has a defined contribution plan. The
Imbalan yang akan diterima karyawan benefit to be received by employees is
ditentukan berdasarkan jumlah iuran yang determined based on the amount of
dibayarkan pemberi kerja dan karyawan contribution paid by the employer and
ditambah dengan hasil investasi iuran employee and the investment earnings of the
tersebut. fund.
Pada bulan April 2022, Dewan Standar In April 2022, Institute of Indonesia Chartered
Akuntansi Keuangan Ikatan Akuntan Accountants’ Accounting Standard Board
Indonesia (DSAK IAI) menerbitkan materi (DSAK IAI) issued an explanatory material
penjelasan melalui siaran pers atas through a press release regarding attribution of
persyaratan pengatribusian imbalan pada benefits to periods of service in accordance
periode jasa sesuai dengan PSAK No. 24: with SFAS No. 24: Employee Benefits which
Imbalan Kerja yang diadopsi dari IAS 19 was adopted from IAS 19 Employee Benefits.
Employee Benefits. Materi penjelasan The explanatory material conveyed the
tersebut menyampaikan informasi bahwa information that the fact pattern of the pension
pola fakta umum dari program program based on the Labor Law currently
pensiun berbasis undang-undang enacted in Indonesia is similar to those
ketenagakerjaan yang berlaku di Indonesia responded and concluded in the IFRS
saat ini memiliki pola fakta serupa dengan Intepretation Committee (IFRIC) Agenda
yang ditanggapi dan disimpulkan dalam IFRS Decision Attributing Benefit to Periods of
Interpretation Committee (IFRIC) Agenda Service (IAS 19). The Bank has adopted the
Decision Attributing Benefit to Periods of said explanatory material and accordingly
Service (IAS 19). Bank telah menerapkan changed its accounting policy regarding
materi penjelasan tersebut dan dengan attribution of benefits to periods of service
demikian mengubah kebijakan akuntansi previously applied in the financial statements
menyangkut atribusi imbalan kerja pada of the Bank as of 31 December 2021 and for
periode jasa dari kebijakan yang diterapkan the year then ended. The impact of the change
sebelumnya pada laporan keuangan Bank in calculation is immaterial to the Bank,
pada tanggal 31 Desember 2021 dan untuk therefore the impact of the changes is
tahun yang berakhir pada tanggal tersebut. recorded entirety in the financial statements for
Dampak perubahan perhitungan tersebut the current year (Note 35).
adalah tidak material terhadap Bank,
sehingga dibukukan seluruhnya pada
laporan keuangan pada tahun berjalan
(Catatan 35).
61
Page 436
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
aa. Pajak penghasilan aa. Income tax
Bank menerapkan PSAK No. 46 mengenai The Bank has applied SFAS No. 46 regarding
“Pajak Penghasilan” yang mengharuskan “Accounting for Income Tax” which requires
Perusahaan untuk memperhitungkan the Company to account for the current and
konsekuensi pajak kini dan pajak masa future tax consequences of the future recovery
depan atas pemulihan di masa depan (settlement) of the carrying amount of assets
(penyelesaian) dari jumlah tercatat aset (liabilities) that are recognized in the
(liabilitas) yang diakui dalam laporan posisi statements of financial position and
keuangan dan transaksi-transaksi serta transactions and other events of the current
peristiwa lain yang terjadi dalam periode period.
berjalan.
Bank menerapkan metode posisi keuangan The Bank adopts the financial position method
dalam menghitung beban pajak in determining its deferred tax. Under this
tangguhannya. Dengan metode ini, aset dan method, deferred tax assets and liabilities are
liabilitas pajak tangguhan diakui pada setiap recognized at each reporting date for
tanggal pelaporan sebesar perbedaan temporary differences between the financial
temporer aset dan liabilitas untuk tujuan and tax bases of assets and liabilities. This
akuntansi dan tujuan pajak. Metode ini juga method also requires the recognition of future
mengharuskan pengakuan manfaat pajak di tax benefits, to the extent that realization of
masa akan datang, jika kemungkinan such benefits is probable. Currently enacted or
realisasi manfaat tersebut di masa substantively enacted tax rates are used in the
mendatang cukup besar. Tarif pajak yang determination of deferred income tax.
berlaku atau yang secara substansial telah
berlaku digunakan dalam menentukan pajak
penghasilan tangguhan.
Aset pajak tangguhan diakui apabila terdapat Deferred tax assets are recognized to the
kemungkinan besar bahwa jumlah laba fiskal extent that it is probable that future taxable
pada masa datang akan memadai untuk profit will be available to compensate the
mengkompensasi perbedaan temporer yang temporary differences which result in such
menimbulkan aset pajak tangguhan tersebut. deferred tax assets.
Aset dan liabilitas pajak penghasilan Deferred income tax assets and liabilities are
tangguhan dapat saling hapus apabila offset when there is a legally enforceable right
terdapat hak yang berkekuatan hukum untuk to offset current tax assets against current tax
melakukan saling hapus antara aset pajak liabilities and when the deferred income tax
kini dengan liabilitas pajak kini dan apabila assets and liabilities relate to income taxes
aset dan liabilitas tangguhan terkait pajak levied by the same taxation authority on either
penghasilan yang dikenakan oleh otoritas the same taxable entity or different taxable
perpajakan yang sama, baik atas entitas entities where there is an intention to settle the
kena pajak yang sama ataupun berbeda dan balances on a net basis.
adanya niat untuk melakukan penyelesaian
saldo-saldo tersebut secara neto.
Perubahan terhadap kewajiban perpajakan Amendments to taxation obligations are
dicatat pada saat diterimanya surat ketetapan recorded when an assessment is received or if
atau apabila dilakukan banding ketika hasil an appeal is applied when the results of the
banding diterima. appeal are received.
62
Page 437
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
ab. Laba per saham ab. Earning per share
Laba per saham dasar dihitung dengan Basic earnings per share is computed by
membagi laba tahun berjalan yang dapat dividing income for the year attributable to
diatribusikan kepada pemegang saham equity holders by weighted average number of
dengan jumlah rata-rata tertimbang saham issued and fully paid shares outstanding
yang ditempatkan dan disetor penuh pada during the year.
tahun bersangkutan.
ac. Transaksi restrukturisasi antara entitas ac. Restructuring transactions among entities
sepengendali under common control
Bank menerapkan PSAK No. 38 tentang The Bank prospectively adopted SFAS No. 38
“Kombinasi Bisnis Entitas Sepengendali” about “Business Combinations of Entities
yang menggantikan PSAK No. 38 mengenai Under Common Control” which supersedes
“Akuntansi Restrukturisasi Entitas SFAS No. 38, regarding “Accounting for
Sepengendali” kecuali atas saldo selisih nilai Restructuring of Entities Under Common
transaksi restrukturisasi entitas sepengendali Control” except for the previously recognized
yang diakui sebelumnya, disajikan sebagai difference in value of restructuring
bagian dari “Tambahan Modal Disetor” dalam transactions of entities under common control
bagian ekuitas. PSAK No. 38 mengatur are presented as “Additional Paid-in Capital” in
tentang akuntansi kombinasi bisnis entitas the equity section. SFAS No. 38 prescribes the
sepengendali, baik untuk entitas yang accounting for business combinations of
menerima bisnis maupun untuk entitas yang entities under common control for both the
melepas bisnis. entity which receiving the business and the
entity which disposing the business.
Dalam PSAK No. 38, pengalihan bisnis Under SFAS No. 38, transfer of business
antara entitas sepengendali tidak within entities under common control does not
mengakibatkan perubahan substansi result in a change of the economic substance
ekonomi kepemilikan atas bisnis yang of ownership of the business being transferred
dialihkan dan tidak dapat menimbulkan laba and would not result in a gain or loss to the
atau rugi bagi Bank secara keseluruhan Bank or to the individual entity within the Bank.
ataupun bagi entitas individual dalam Bank Since the transfer of business of entities under
tersebut. Karena pengalihan bisnis antara common control does not result in a change of
entitas sepengendali tidak mengakibatkan the economic substance, then the business
perubahan substansi ekonomi, maka bisnis being exchanged is recorded at book value as
yang dipertukarkan dicatat pada nilai buku a business combination using the pooling-of-
sebagai kombinasi bisnis dengan interests method.
menggunakan metode penyatuan
kepemilikan.
63
Page 438
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
ac. Transaksi restrukturisasi antara entitas ac. Restructuring transactions among entities
sepengendali (lanjutan) under common control (continued)
Dalam menerapkan metode penyatuan In applying the pooling-of-interests method,
kepemilikan, komponen laporan keuangan the components of the financial statements for
dimana terjadi kombinasi bisnis dan untuk the period during which the business
periode lain yang disajikan untuk tujuan combination occurred and for other periods
perbandingan disajikan sedemikian rupa presented for comparison purposes are
seolah-olah kombinasi bisnis telah terjadi presented in such a manner as if the business
sejak awal periode terjadi sepengendalian. combination has already happened since the
Selisih antara nilai tercatat transaksi beginning of the periods during which the
kombinasi bisnis dan jumlah imbalan yang entities were under common control. The
dialihkan diakui dalam akun “Tambahan difference between the carrying amounts of
modal disetor - neto”. the business combination transaction and the
consideration transferred is recognized under
the account “Additional paid-in capital - net”.
ad. Informasi segmen ad. Segment information
Segmen operasi adalah komponen Bank An operating segment is the Bank’s
yang terlibat dalam aktivitas bisnis yang component that is involved in business
memperoleh pendapatan dan menimbulkan activities which derives income and incurs
beban, dimana hasil operasinya dikaji ulang expenses, in which the operating result is
secara regular oleh pengambil keputusan reviewed regularly by operational decision
operasional untuk membuat keputusan maker for making decisions related to
tentang sumber daya yang dialokasikan pada resources that are allocated to the segment
segmen tersebut dan menilai kinerjanya and evaluates the performance and provides
serta menyediakan informasi keuangan yang separable financial information. The operating
dapat dipisahkan. Segmen operasi terbagi segment has been determined to be
dalam kelompok wholesale, retail dan wholesale, retail and others.
lainnya.
ae. Perubahan Pernyataan Standar Akuntansi ae. Changes to Statements of Financial
Keuangan dan Interpretasi Standar Accounting Standards and Interpretations
Akuntansi Keuangan of Statements of Financial Accounting
Standards
Penerapan dari standar dan interpretasi baru The adoption of these new and revised
berikut sejak tanggal 1 Januari 2023, tidak standards and interpretation since 1 January
menimbulkan perubahan substansial 2023 did not result in substansial changes to
terhadap kebijakan akuntansi Bank dan tidak the Bank’s accounting policies and had no
berdampak signifikan terhadap jumlah yang material effect on the amounts reported for the
dilaporkan pada periode berjalan atau tahun current or prior financial period/years:
sebelumnya:
- Amendemen PSAK No. 1: “Penyajian - Amendment of SFAS No. 1: “Presentation
Laporan Keuangan” tentang of Financial Statements” regarding
pengungkapan kebijakan akuntansi yang disclosure of accounting policies that
mengubah istilah “signifikan” menjadi change the term "significant" to "material"
“material” dan memberi penjelasan and provide explanations of material
mengenai kebijakan akuntansi material”. accounting policies”.
- Amendemen PSAK No. 1: “Penyajian - Amendment of SFAS No. 1: “Presentation
Laporan Keuangan” tentang klasifikasi of Financial Statements” regarding
liabilitas. classification of liabilities.
64
Page 439
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
ae. Perubahan Pernyataan Standar Akuntansi ae. Changes to Statements of Financial
Keuangan dan Interpretasi Standar Accounting Standards and Interpretations
Akuntansi Keuangan (lanjutan) of Statements of Financial Accounting
Standards (continued)
Penerapan dari standar dan interpretasi baru The adoption of these new and revised
berikut sejak tanggal 1 Januari 2023, tidak standards and interpretation since 1 January
menimbulkan perubahan substansial 2023 did not result in substansial changes to
terhadap kebijakan akuntansi Bank dan tidak the Bank’s accounting policies and had no
berdampak signifikan terhadap jumlah yang material effect on the amounts reported for the
dilaporkan pada periode berjalan atau tahun current or prior financial period/years:
sebelumnya: (lanjutan) (continued)
- Amendemen PSAK No. 25: “Kebijakan - Amendment of SFAS No. 25: “Accounting
Akuntansi, Perubahan Estimasi Policies, Changes in Accounting
Akuntansi, dan Kesalahan” tentang Estimates, and Errors” regarding the
definisi “estimasi akuntansi” dan definition of “accounting estimates” and
penjelasannya. their explanations.
- Amendemen PSAK No. 16: “Aset Tetap” - Amendment of SFAS No. 16: “Fixed
tentang hasil sebelum penggunaan yang Assets” regarding proceeds before
diintensikan. intended use.
- Amendemen PSAK No. 46: “Pajak - Amendment of SFAS No. 46: "Income
Penghasilan” tentang Pajak Tangguhan Tax" on Deferred Tax related to Assets
terkait Aset dan Liabilitas yang timbul dari and Liabilities arising from a Single
Transaksi Tunggal yang diadopsi dari Transaction which adopted from Amended
Amendemen IAS 12 Income Taxes IAS 12 Income Taxes on Deferred Tax
tentang Deferred Tax related to Assets related to Assets and Liabilities arising
and Liabilities arising from a Single from a Single Transaction.
Transaction.
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan estimates
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: judgments and estimates are as follows:
Usaha yang berkelanjutan Going concern
Manajemen Bank telah melakukan penilaian The Bank’s management has made an
atas kemampuan Bank untuk melanjutkan assessment of the Bank’s ability to continue as
kelangsungan usahanya dan berkeyakinan a going concern and is satisfied that the Bank
bahwa Bank memiliki sumber daya untuk has the resources to continue in business for
melanjutkan usahanya di masa mendatang. the foreseeable future.
65
Page 440
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Usaha yang berkelanjutan (lanjutan) Going concern (continued)
Selain itu, Manajemen menyadari bahwa Furthermore, the Management realized that
tidak ada ketidakpastian material yang dapat there are no material uncertainties that may
menimbulkan keraguan yang signifikan cast significant doubt upon the Bank’s ability to
terhadap kemampuan Bank untuk continue as a going concern. Therefore, the
melanjutkan kelangsungan usahanya. Oleh financial statements continue to be prepared
karena itu, laporan keuangan telah disusun on a going concern basis.
atas dasar usaha yang berkelanjutan.
Nilai wajar atas instrumen keuangan Fair value of financial instruments
Bila nilai wajar aset keuangan dan liabilitas When the fair values of financial assets and
keuangan yang tercatat pada laporan posisi financial liabilities recorded on the statement
keuangan tidak tersedia di pasar aktif, of financial position cannot be derived from
nilainya ditentukan dengan menggunakan active markets, they are determined using a
berbagai teknik penilaian termasuk variety of valuation techniques that include the
penggunaan model matematika. Input untuk use of mathematical models. The inputs to
model ini berasal dari data pasar yang bisa these models are derived from observable
diamati sepanjang data tersebut tersedia, market data where possible, but where
namun bila data pasar yang bisa diamati observable market data are not available,
tersebut tidak tersedia, maka digunakan management judgment is required to establish
pertimbangan manajemen untuk fair values.
menentukan nilai wajar.
Pertimbangan manajemen tersebut Management judgments include
mencakup pertimbangan likuiditas dan considerations of liquidity and model inputs
masukan model seperti volatilitas untuk such as volatility for long term derivatives and
transaksi derivatif yang berjangka panjang discount rates, early payment rates and
dan tingkat diskonto, tingkat pelunasan default rate assumptions.
dipercepat dan asumsi tingkat gagal bayar.
66
Page 441
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Nilai wajar atas instrumen keuangan Fair value of financial instruments (continued)
(lanjutan)
Bank menampilkan nilai wajar atas instrumen The Bank presents fair value of financial
keuangan berdasarkan hierarki nilai wajar instruments based on the following fair value
sebagai berikut: hierarchy:
- Tingkat 1 - Level 1
Harga kuotasian (tidak disesuaikan) dalam Quoted prices (unadjusted) in active markets
pasar aktif untuk aset atau liabilitas yang for identical assets or liabilities;
identik;
- Tingkat 2 - Level 2
Input selain harga kuotasian yang Inputs other than quoted prices included
termasuk dalam Tingkat 1 yang dapat within Level 1 that are observable for the
diobservasi untuk aset dan liabilitas baik asset or liability either directly (example,
secara langsung (misalnya harga) atau price) or indirectly; and
secara tidak langsung; dan
- Tingkat 3 - Level 3
Input untuk aset dan liabilitas yang bukan Inputs for the asset and liability that are not
berdasarkan pada pasar yang dapat based on observable market data
diobservasi (input yang tidak dapat (unobservable inputs).
diobservasi).
Nilai wajar atas instrumen derivatif yang The fair values of derivative instruments
dinilai menggunakan teknik penilaian dengan valued by valuation techniques using
menggunakan komponen yang dapat diamati components which can be observed in the
di pasar terutama adalah swap suku bunga, market, primarily are interest rate swaps,
swap mata uang dan kontrak pertukaran currency swaps and currency exchange
mata uang. Teknik penilaian yang paling contracts. Most widely used valuation
banyak digunakan meliputi model penilaian techniques include forward and swap
forward dan swap yang menggunakan valuation models which use the present value
perhitungan nilai kini. Model tersebut calculation. The models incorporate various
menggabungkan berbagai komponen yang components which include the credit quality of
meliputi kualitas kredit dari counterparty, nilai the counterparty, spot value and future
spot dan kontrak berjangka serta kurva contracts and interest rate curve.
tingkat suku bunga.
67
Page 442
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Nilai wajar atas instrumen keuangan Fair value of financial instruments (continued)
(lanjutan)
Teknik penilaian termasuk model nilai tunai Valuation techniques include net present value
dan arus kas yang didiskontokan dan and discounted cash flow models and
perbandingan dengan instrumen yang comparison to similar instruments for which
sejenis dimana terdapat harga pasar yang market observable prices exist. Assumptions
dapat diobservasi. Asumsi dan input yang and inputs used in valuation techniques
digunakan dalam teknik penilaian termasuk include risk-free and benchmark interest rates,
suku bunga bebas risiko dan suku bunga credit spreads and other variables used in
acuan, credit spread dan variabel lainnya estimating discount rates, bond prices, foreign
yang digunakan dalam mengestimasi tingkat currency exchange rates, and expected price
diskonto, harga obligasi, kurs valuta asing, volatilities and correlations. The objective of
serta tingkat kerentanan dan korelasi harga valuation technique is to arrive at a fair value
yang diharapkan. Tujuan dari teknik penilaian determination that reflects the price of the
adalah penentuan nilai wajar yang financial instrument at the reporting date that
mencerminkan harga dari instrumen would have been determined by market
keuangan pada tanggal pelaporan yang akan participants acting at arms length.
ditentukan oleh para partisipan di pasar
dalam suatu transaksi yang wajar.
Penurunan nilai kredit yang diberikan Impairment losses on loans
Bank melakukan penelaahan pada setiap The Bank reviews its loans at each statement
tanggal laporan posisi keuangan untuk of financial position date to assess whether an
menilai apakah penurunan nilai harus dicatat impairment loss should be recorded in the
dalam laporan laba rugi dan penghasilan statement of profit or loss and other
komprehensif lain. Secara khusus, comprehensive income. In particular,
pertimbangan manajemen diperlukan dalam judgment by management is required in the
estimasi jumlah dan waktu arus kas di masa estimation of the amount and timing of future
mendatang ketika menentukan penurunan cash flows when determining the impairment
nilai. loss.
68
Page 443
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Penurunan nilai kredit yang diberikan Impairment losses on loans (continued)
(lanjutan)
Dalam mengestimasi arus kas tersebut, Bank In estimating these cash flows, the Bank
melakukan penilaian atas kondisi keuangan makes judgment about the borrower’s financial
peminjam dan nilai realisasi bersih agunan. situation and the net realizable value of
Estimasi tersebut didasarkan pada asumsi collateral. These estimates are based on the
dari sejumlah faktor dan hasil aktual mungkin assumptions about number of factors and
berbeda, sehingga mengakibatkan actual results may differ that cause changes to
perubahan penyisihan di masa depan. the allowance in the future.
Penurunan nilai aset yang diukur pada nilai Impairment in value of fair value through other
wajar melalui pendapatan komprehensif lain comprehensive income and acceptance
dan tagihan akseptasi receivables
Bank menelaah aset yang diklasifikasikan The Bank reviews assets which are classified
sebagai nilai wajar melalui pendapatan as fair value through other comprehensive
komprehensif lain dan tagihan akseptasi income and acceptance receivables at each
pada setiap tanggal laporan posisi keuangan financial position date to assess whether
untuk menilai apakah telah terjadi penurunan impairment has occurred. The assessment
nilai. Penilaian tersebut menggunakan uses the same considerations as applied to
pertimbangan yang sama seperti yang individual assessment on loans.
diterapkan pada penilaian secara individual
atas kredit yang diberikan.
69
Page 444
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Cadangan kerugian penurunan nilai aset Allowances for impairment losses of financial
keuangan assets
Kondisi spesifik counterparty yang In the calculation of allowance for impairment
mengalami penurunan nilai dalam losses of financial assets, the specific
pembentukan cadangan kerugian atas aset condition of impaired counterparty is
keuangan dievaluasi secara individu individually evaluated based on management's
berdasarkan estimasi terbaik manajemen best estimate of the present value of the
atas nilai kini arus kas yang diharapkan expected cash flows to be received. In
akan diterima. Dalam mengestimasi arus estimating these cash flows, management
kas tersebut, manajemen membuat makes judgements about the counterparty's
pertimbangan tentang situasi keuangan financial situation and the net realizable value
counterparty dan nilai realisasi bersih dari of any underlying collateral. Each impaired
setiap agunan. Setiap aset yang mengalami asset is assessed on its merits, the completion
penurunan nilai harus dinilai sesuai dengan strategy and estimated cash flows which are
manfaat yang ada, strategi penyelesaian considered recoverable.
dan estimasi arus kas yang diperkirakan
dapat diterima.
Perhitungan cadangan penurunan nilai Collectively assessed impairment allowances
kolektif meliputi kerugian kredit yang cover credit losses inherent in portfolios of
melekat dalam portofolio aset keuangan financial assets with similar economic
dengan karakteristik ekonomi yang sama characteristics when there is objective
ketika terdapat bukti objektif penurunan nilai evidence to suggest that they contain impaired
terganggu, tetapi penurunan nilai secara financial assets, but the individual impaired
individu belum dapat diidentifikasi. Dalam items cannot yet be identified. In assessing the
menilai kebutuhan untuk cadangan kolektif, need for collective allowances, management
manajemen mempertimbangkan faktor- considers factors such as credit quality and
faktor seperti kualitas kredit dan jenis type of product. In order to estimate the
produk. Guna membuat estimasi cadangan required allowance, assumptions are made to
yang diperlukan, manajemen membuat define the way inherent losses are modelled
asumsi untuk menentukan kerugian yang and to determine the required input
melekat, dan untuk menentukan parameter parameters, based on historical experiences,
input yang diperlukan, berdasarkan current economic conditions and future
pengalaman masa lalu, kondisi ekonomi economic condition as well since 1 January
saat ini dan juga kondisi ekonomi masa 2020.
depan sejak tanggal 1 Januari 2020.
70
Page 445
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Cadangan kerugian penurunan nilai aset Allowances for impairment losses of financial
keuangan (lanjutan) assets (continued)
Keakuratan penyisihan tergantung pada The accuracy of the allowances depends on
seberapa baik estimasi arus kas masa how well the estimated future cash flows for
depan untuk cadangan counterparty specific counterparty allowances and the
tertentu dan asumsi model dan parameter model assumptions and parameters are used
yang digunakan dalam menentukan in determining collective allowances.
cadangan kolektif.
Penurunan nilai aset non-keuangan Impairment of non-financial assets
Bank mengevaluasi penurunan nilai aset The Bank assesses impairment of assets
apabila terdapat kejadian atau perubahan whenever events or changes in circumstances
keadaan yang mengindikasikan bahwa nilai that would indicates that the carrying amount
tercatat aset tak dapat dipulihkan kembali. of an asset may not be recoverable. The
Faktor-faktor penting yang dapat factors that the Bank considers important
menyebabkan penelaahan penurunan nilai which could trigger an impairment review
adalah sebagai berikut: include the following:
a) Performa yang tidak tercapai secara a) Significant underperformance relative to
signifikan terhadap ekspektasi historis expected historical or projected future
atau proyeksi hasil operasi di masa yang operating results;
akan datang;
b) Perubahan yang signifikan dalam cara b) Significant changes in the manner of use of
penggunaan aset atau strategi bisnis the acquired assets or the strategy for
secara keseluruhan; dan overall business; and
c) Industri atau tren ekonomi yang secara c) Significant negative industry or economic
signifikan bernilai negatif. trends.
Bank mengakui kerugian penurunan nilai The Bank recognizes an impairment loss
apabila nilai tercatat aset melebihi nilai yang whenever the carrying amount of an asset
dapat dipulihkan. Nilai terpulihkan adalah exceeds its recoverable amount. The
nilai yang lebih tinggi antara nilai wajar recoverable amount is the whichever higher of
dikurang biaya untuk menjual dengan nilai an asset’s (or cash-generating units) fair value
pakai aset (atau unit penghasil kas). Nilai less costs to sell and its value in use.
terpulihkan diestimasi untuk aset individual Recoverable amounts are estimated for
atau jika tidak memungkinkan, untuk unit individual assets or if it is not possible, for the
penghasil kas yang mana aset tersebut cash-generating unit to which the asset
merupakan bagian daripada unit tersebut. belongs.
71
Page 446
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Metode Suku Bunga Efektif (EIR) Effective Interest Rate (EIR) Method
Manajemen menggunakan estimasi Management applied the estimated expected
ekspektasi umur kredit perumahan dengan life of mortgage loan using behavior life
pendekatan umur behavior dan akan approach and will reassess the behavior life to
melakukan penilaian kembali perilaku umur determine the best estimated life of housing
behavior untuk menentukan estimasi umur loans, regularly.
terbaik kredit perumahan secara berkala.
Aset pajak tangguhan Deferred tax assets
Aset pajak tangguhan diakui atas jumlah Deferred tax assets are recognized for the
pajak penghasilan terpulihkan pada periode future recoverable taxable income arising from
mendatang sebagai akibat dari perbedaan temporary difference. Management’s
temporer. Justifikasi manajemen diperlukan judgment is required to determine the amount
untuk menentukan jumlah aset pajak of deferred tax assets that can be recognized
tangguhan yang dapat diakui sesuai dengan based upon the likely timing and level of future
perkiraan waktu dan tingkat laba fiskal di taxable profits together with future tax
masa mendatang sejalan dengan strategi strategy.
rencana perpajakan ke depan.
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities
Bank menetapkan klasifikasi aset dan The Bank determines the classifications of
liabilitas tertentu sebagai aset keuangan dan certain assets and liabilities as financial assets
liabilitas keuangan dengan and financial liabilities by judging if they meet
mempertimbangkan apakah definisi yang the definition set forth in SFAS No. 71.
ditetapkan PSAK No. 71 terpenuhi. Dengan Accordingly, the financial assets and financial
demikian, aset keuangan dan liabilitas liabilities are accounted for in accordance with
keuangan diakui sesuai dengan kebijakan the Bank’s accounting policies disclosed in
akuntansi Bank seperti diungkapkan pada Note 2d.
Catatan 2d.
72
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Informasi Kebijakan Akuntansi 2. Summary of Material Accounting Policies
Material (lanjutan) Information (continued)
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan Bank preparing the financial statements of the Bank are
adalah seperti dijabarkan di bawah ini: (lanjutan) set out below: (continued)
af. Pertimbangan dan estimasi akuntansi af. Judgments and significant accounting
yang signifikan (lanjutan) estimates (continued)
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Imbalan kerja Employee benefits
Penentuan liabilitas imbalan kerja Bank The Bank’s employee benefit liabilities are
bergantung pada pemilihan asumsi yang determined depend on the selection of certain
digunakan oleh aktuaris independen dan assumptions used by the independent
manajemen Bank dalam menghitung jumlah- actuaries and the Bank’s management in
jumlah tersebut. Asumsi tersebut termasuk calculating such amounts. Those assumptions
antara lain, tingkat diskonto, tingkat kenaikan include among others, discount rates, future
gaji tahunan, tingkat pengunduran diri annual salary increase, annual employee
karyawan tahunan, tingkat kecacatan, umur turnover rate, disability rate, retirement age
pensiun dan tingkat kematian. and mortality rate.
Dalam proses penerapan kebijakan In the process of applying the Bank’s
akuntansi Bank, Manajemen telah accounting policies, Management has
melakukan pertimbangan dan estimasi exercised professional judgments and made
profesional dalam menentukan jumlah yang estimates in determining the amounts
diakui dalam laporan keuangan. recognized in the financial statements. The
Pertimbangan dan estimasi profesional yang most significant uses of the professional
signifikan adalah sebagai berikut: (lanjutan) judgments and estimates are as follows:
(continued)
Pajak penghasilan Income tax
Bank mengakui liabilitas atas pajak The Bank recognizes liabilities for corporate
penghasilan badan berdasarkan estimasi income tax based on estimation of whether
apakah akan terdapat tambahan pajak additional corporate income tax will be due.
penghasilan badan.
3. Kombinasi Bisnis 3. Business Combination
Bank telah menyelesaikan Penjualan dan Bank has completed the Sale and Purchase of
Pembelian Aset dan Liabilitas atas bisnis Assets and Liabilities for the consumer business
konsumer dari Citi pada tanggal 18 November from Citi on 18 November 2023. Goodwill of
2023. Goodwill senilai Rp913.973 telah diakui Rp913,973 has been recognized on a provisional
berdasarkan basis provisi sementara, menunggu basis, pending the finalization of the completion
finalisasi atas penyelesaian akun, alokasi harga accounts, purchase price allocation and intangible
pembelian dan penilaian aset tak berwujud. Aset asset valuations. Other intangible assets relate to
tak berwujud lainnya berkaitan dengan hubungan Citi consumer business customer relationships and
pelanggan dari bisnis konsumer Citi dan core core deposits amounting to Rp220,000.
deposits senilai Rp220.000.
73
Page 448
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kombinasi Bisnis (lanjutan) 3. Business Combination (continued)
Tabel berikut ini merangkum harga perolehan The following table summarises the consideration
yang dibayarkan untuk akuisisi bisnis konsumer paid for business combination of the Citi’s
Citi serta jumlah aset yang diperoleh dan liabilitas consumer banking along with the amounts of the
yang diambil-alih pada tanggal akuisisi. assets acquired and liabilities assumed recognised
at the acquisition date.
18 November 2023
Imbalan yang dialihkan Consideration transferred
Aset Assets
Kredit yang diberikan - neto 7.607.000 Loans
Aset lain-lain 113.464 Other assets
Total 7.720.464 Total
Liabilitas Liability
Simpanan nasabah 11.591.616 Customer deposits
Liabilitas lain-lain 205.966 Other liabilities
Total 11.797.582 Total
Nilai aset bersih diperoleh 4.077.118 Net assets acquired
Dikurangi: Less:
Goodwill setelah penyesuaian nilai wajar 1.061.759 Goodwill after fair value adjustment
Aset tak berwujud 72.214 Intangible assets
Nilai bersih diperoleh setelah dikurangi Net assets acquired less
biaya akuisisi 2.943.145 acquisition cost
Kas dan setara kas diperoleh 72.155 Cash and cash equivalents acquired
Hasil akusisi atas bisnis konsumen, Proceeds from acquisition of consumer
nilai kas yang diperoleh - neto 3.015.300 business, net of cash acquired
Terdapat perkiraan biaya transaksi one-off senilai There were approximate of Rp630,000 one-off
Rp630.000 sehubungan dengan akuisisi bisnis ini transactional costs relating to this business
sudah termasuk dalam biaya operasional untuk tahun acquisition were included in the operating
yang berakhir pada tanggal 31 Desember 2023. expenses for the financial year ended
31 December 2023.
Setelah akun penyelesaian difinalisasi, jumlah Once the completion accounts are finalized, the
penyesuaian penyelesaian akan dibayarkan. Alokasi completion adjustment amount will be paid. The
harga pembelian, penilaian aset tak berwujud dan purchase price allocation, the intangible asset
goodwill sehubungan dengan akuisisi, akan valuations and goodwill relating to the acquisition,
diselesaikan dan disesuaikan jika diperlukan. will be finalized and adjusted for where necessary.
74
Page 449
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
4. Kas 4. Cash
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 465.713 540.916 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 72.259 61.976 United States Dollar
Dolar Singapura 65.568 114.510 Singapore Dollar
Total 603.540 717.402 Total
Kas dalam Rupiah termasuk uang pada mesin Cash in Rupiah includes cash in Automatic Teller
Anjungan Tunai Mandiri (ATM) sejumlah Machines (ATM) amounting to Rp14,516 and
Rp14.516 dan Rp9.475 masing-masing pada Rp9,475 as of 31 December 2023 and 2022,
tanggal 31 Desember 2023 dan 2022. respectively.
5. Giro pada Bank Indonesia 5. Current Accounts with Bank Indonesia
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 7.911.177 6.751.944 Rupiah
Dolar Amerika Serikat United States Dollar
(USD129.239.467 dan USD136.028.914 (USD129,239,467 and USD136,028,914
masing-masing pada tanggal as of 31 December 2023 and
31 Desember 2023 dan 2022) 1.989.900 2.117.630 2022, respectively)
Total 9.901.077 8.869.574 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, serta GWM conventional banking and statutory reserves in
dalam mata uang asing dalam kegiatannya foreign currencies for foreign exchange
melakukan transaksi mata uang asing. transactions.
Pada tanggal 31 Desember 2023 dan 2022, GWM As of 31 December 2023 and 2022, GWM in
dalam Rupiah dan mata uang asing masing- Rupiah and foreign currencies are as follows:
masing adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
GWM Harian 9,42% 9,47% Daily GWM
GWM Rata-rata 10,34% 10,57% Average GWM
Penyangga Likuiditas Makroprudensial 34,36% 31,25% Macroprudential Liquidity Buffer
Rasio Intermediasi Makroprudensial 67,84% 69,69% Macroprudential Intermediation Ratio
Valuta asing Foreign currencies
GWM Harian 4,67% 4,10% Daily GWM
GWM Rata-rata 4,22% 4,12% Average GWM
GWM adalah simpanan minimum yang wajib GWM is a minimum reserve that should be
dipelihara oleh Bank dalam bentuk saldo rekening maintained by the Bank in the current account with
giro pada Bank Indonesia yang besarnya Bank Indonesia, the amount of which is determined
ditetapkan oleh Bank Indonesia sebesar by Bank Indonesia at a certain percentage of third
persentase tertentu dari dana pihak ketiga dalam party fund in rupiah and foreign currency.
rupiah dan valuta asing.
75
Page 450
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
Penyangga Likuiditas Makroprudensial (PLM) Macroprudential Liquidity Buffer (PLM) is the
adalah cadangan likuiditas minimum dalam minimum liquidity reserve in Rupiah that the Bank
Rupiah yang wajib dipelihara oleh Bank dalam is required to maintain in form of the percentage of
bentuk surat berharga yang besarnya ditetapkan treasury bonds over third party funds in Rupiah.
oleh Bank Indonesia sebesar persentase tertentu
dari dana pihak ketiga dalam Rupiah.
Rasio Intermediasi Makroprudensial (RIM) adalah Macroprudential Intermediation Ratio (RIM) is
rasio hasil perbandingan pinjaman yang diberikan resulted from comparison of loan and corporate
dan surat berharga korporasi yang dimiliki oleh bonds owned by the Bank towards third party
Bank terhadap dana pihak ketiga dalam bentuk funds in form of demand deposits, saving deposits
giro, tabungan dan simpanan berjangka (tidak and time deposits (excluded deposits from other
termasuk dana antarbank), surat berharga yang banks) and bonds issued by the Bank to non-bank
diterbitkan oleh Bank kepada pihak ketiga bukan third parties and borrowings in the form of bilateral
bank dan pinjaman yang diterima dalam bentuk and syndicated loans with remaining term of more
pinjaman bilateral dan sindikasi dengan sisa than 1 year and are not domestic interbank loans
jangka waktu lebih dari 1 tahun dan bukan and overdraft.
merupakan pinjaman antarbank dalam negeri dan
overdraft.
Rasio GWM Bank pada tanggal 31 Desember The Bank’s GWM ratios as of 31 December 2023
2023 dan 2022 telah sesuai dengan Peraturan have already complied with Bank Indonesia
Bank Indonesia (PBI) No.24/4/PBI/2022 tanggal Regulation No.24/4/PBI/2022 dated 25 February
25 Februari 2022 tentang perubahan keempat 2022 regarding fourth amendment of PBI No.
atas PBI No.20/3/PBI/2018 tanggal 29 Maret 2018 20/3/PBI/2018 dated 29 March 2018 regarding
tentang Giro Wajib Minimum Bank Umum dalam Minimum Reserve Requirement in Rupiah and
Rupiah dan Valuta Asing bagi Bank Umum Foreign Currency for Conventional Bank and
Konvensional dan Peraturan Anggota Dewan Board Member of Governor Regulation (PADG)
Gubernur (PADG) No. 12 Tahun 2023 tanggal No. 12 of 2023 dated 27 September 2023
27 September 2023 tentang Peraturan concerning Regulations for the Fulfillment of
Pelaksanaan Pemenuhan Giro Wajib Minimum Minimum Statutory Current Accounts in Rupiah
dalam Rupiah dan Valuta Asing bagi Bank Umum and Foreign Currencies for Conventional
Konvensional, Bank Umum Syariah, dan Unit Commercial Banks, Sharia Commercial Banks,
Usaha Syariah. Parameter pemenuhan GWM and Sharia Business Units. The parameter of
Rupiah ditetapkan sebesar 0% untuk GWM harian required GWM Rupiah is determined at 0% which
dan bertahap untuk pemenuhan GWM secara is fulfilled on a daily basis and gradually for the
rata-rata yaitu sebesar 7,5% mulai tanggal 1 Juli average basis, at 7.5% from 1 July to 31 August
hingga 31 Agustus 2022 dan sebesar 9,0% mulai 2022 and at 9.0% from 1 September 2022.
tanggal 1 September 2022.
76
Page 451
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
Bank Indonesia melakukan penguatan kebijakan Bank Indonesia has strengthened incentive policy
insentif untuk mendorong peranan perbankan to stimulate the role of banks in financing priority
dalam pembiayaan kepada sektor prioritas sesuai sectors in accordance with Bank Indonesia
Peraturan Bank Indonesia (PBI) No. Regulation (PBI) No. 24/5/PBI/2022 regarding
24/5/PBI/2022 tentang Insentif bagi Bank yang Incentives for Banks Providing Funds for Certain
Memberikan Penyediaan Dana untuk Kegiatan and Inclusive Economic Activities dated
Ekonomi Tertentu dan Inklusif tanggal 25 Februari 25 February 2022, as further regulated through
2022, sebagaimana diatur lebih lanjut melalui PADG No. 24/4/PADG/2022 dated 1 March 2022
PADG No. 24/4/PADG/2022 tanggal 1 Maret 2022 as amended by the latest amendment of PADG
sebagaimana telah diubah dengan perubahan No. 1 of 2023 dated 15 February, 2023, and the
terakhir PADG No. 1 Tahun 2023 tanggal latest amendment by PADG No. 11 year of 2023
15 Februari 2023 dan perubahan terakhir PADG dated 27 September 2023 regarding “Regulations
No. 11 tahun 2023 tanggal 27 September 2023 for Implementing Macroprudential Liquidity
tentang “Peraturan Pelaksanaan Kebijakan Incentive Policy” Bank Indonesia provides
Insentif Likuiditas Makroprudensial” Bank incentives in the form of leniency on the obligation
Indonesia memberikan insentif berupa to fulfill the statutory reserve in rupiah which must
kelonggaran atas kewajiban pemenuhan GWM be fulfilled on a daily basis of 3.20% and the
dalam rupiah yang wajib dipenuhi secara harian obligation to fulfill the statutory reserve in rupiah
sebesar 3,20% dan kewajiban pemenuhan GWM based on sharia principles is 2.50%. This incentive
dalam rupiah berdasarkan prinsip syariah sebesar is given to Banks that provide funds for certain and
2,50%. Insentif bagi Bank yang melakukan inclusive economic activities as
penyediaan dana untuk kegiatan ekonomi tertentu stipulated by Bank Indonesia and are valid from
dan inklusif ditetapkan oleh Bank Indonesia dan 1 December 2023 to 29 February 2024.
berlaku mulai tanggal 1 Desember 2023 sampai
dengan tanggal 29 Februari 2024.
Rasio Intermediasi Makroprudensial (RIM) dan The Bank’s Macroprudential Intermediation Ratio
Penyangga Likuiditas Makroprudensial (PLM) (RIM) and Macroprudential Liquidity Buffer (PLM)
Bank pada tanggal 31 Desember 2023 dan 2022 as of 31 December 2023 and 2022 refers to PADG
mengacu pada PADG No.24/14/PADG/2022 No.24/14/PADG/2022 dated 1 November 2022
tanggal 1 November 2022 tentang perubahan regarding the fifth amendment of PADG
kelima atas PADG No.21/22/PADG/2019 tanggal No.21/22/PADG/2019 dated 28 November 2019
28 November 2019 dan PBI No.23/17/PBI/2021 and PBI No.23/17/PBI/2021 dated 17 December
tanggal 17 Desember 2021 tentang perubahan 2021 regarding the third amendment of PBI
ketiga atas PBI No.20/4/PBI/2018 tanggal No.20/4/PBI/2018 dated 29 March 2018 regarding
29 Maret 2018 tentang Rasio Intermediasi Macroprudential Intermediation Ratio and
Makroprudensial dan Penyangga Likuiditas Macroprudential Liquidity Buffer for Conventional
Makroprudensial bagi Bank Umum Konvensional Bank which the limit parameter lower RIM are
dimana parameter pemenuhan batas bawah RIM implemented from 1 January 2022 the RIM limit is
diberlakukan sejak tanggal 1 Januari 2022 less than 84%.
batasan RIM adalah kurang dari 84%.
Untuk batas atas RIM tetap sebesar 94% dan PLM The upper limit for RIM is fixed at 94% and PLM at
sebesar 6%. Pada tanggal 31 Desember 2023 dan 6%. As of 31 December 2023 and 2022, the RIM
2022 rasio RIM adalah sebesar 67,84% dan ratio are 67.84% and 69.69%. The Bank has
69,69%. Bank telah memperhitungkan Giro RIM calculated Giro RIM in accordance with applicable
sesuai dengan ketentuan yang berlaku. regulations.
Suku bunga efektif rata-rata giro pada Bank The average effective interest rates of current
Indonesia adalah sebagai berikut: account with Bank Indonesia are as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 0,69% 0,77% Rupiah
Mata uang asing 0,00% 0,00% Foreign currency
77
Page 452
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/ Types of current accounts
Jenis giro pada bank lain 31 December 2023 31 December 2022 with other banks
Pihak ketiga Third parties
Rupiah: Rupiah:
PT Bank Central Asia Tbk 38.910 150 PT Bank Central Asia Tbk
Lain-lain (masing-masing
di bawah Rp2.000) 2.451 900 Others (below Rp2,000 each)
Subtotal - Pihak ketiga - Rupiah 41.361 1.050 Subtotal - Third parties - Rupiah
Dolar Amerika Serikat: United States Dollar:
JP Morgan Chase Bank, JP Morgan Chase Bank,
Amerika Serikat 339.931 212.332 United States of America
PT Bank Mandiri (Persero) Tbk 9.279 15.456 PT Bank Mandiri (Persero) Tbk
PT Bank Central Asia Tbk 8.222 24.280 PT Bank Central Asia Tbk
Deutsche Bank AG, Deutsche Bank AG,
Amerika Serikat 5.339 3.197 United States of America
Dolar Singapura: Singapore Dollar:
DBS Bank, Singapura 137.784 204.090 DBS Bank Singapore
Yuan China Renminbi: Chinese Yuan Renminbi:
PT Bank ICBC Indonesia 109.742 177.381 PT Bank ICBC Indonesia
Yuan China: Chinese Yuan:
ICBC, China 3.258 3.358 ICBC, China
Yen Jepang: Japanese Yen:
Bank of Tokyo - Mitsubishi UFJ, Bank of Tokyo - Mitsubishi UFJ,
Jepang 22.455 167.463 Japan
Euro Eropa: European Euro:
Deutsche Bank, Frankfurt 50.643 64.180 Deutsche Bank, Frankfurt
ING Belgium, Brussels 13.601 6.357 ING Belgium, Brussels
Pound Sterling Inggris: Great Britain Pound Sterling:
Barclays Bank, London 69.162 47.557 Barclays Bank, London
Dolar Australia: Australian Dollar:
ANZ Bank Ltd., Australia 32.680 31.972 ANZ Bank Ltd., Australia
National Australia Bank, Australia 24.572 10.371 National Australia Bank, Australia
Dolar Selandia Baru: New Zealand Dollar:
ANZ National Bank, Selandia Baru 27.551 11.822 ANZ National Bank, New Zealand
Dolar Kanada: Canadian Dollar:
Canadian Imperial Bank of Commerce, Canadian Imperial Bank of Commerce,
Toronto 34.249 9.826 Toronto
Krona Swedia: Swedish Krona:
Danske Bank A/S, Swedia 8.952 8.868 Danske Bank A/S, Sweden
Franc Swiss: Swiss Franc:
UBS AG, Zurich 2.610 3.663 UBS AG, Zurich
Lain-lain (masing-masing
di bawah Rp2.000) 1.561 2.555 Others (below Rp2,000 each)
Subtotal - Pihak ketiga - Subtotal - Third parties -
Mata uang asing 901.591 1.004.728 Foreign currencies
Total - Pihak ketiga 942.952 1.005.778 Total - Third parties
78
Page 453
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
Akun ini terdiri dari: (lanjutan) This account consists of: (continued)
31 Desember/ 31 Desember/ Types of current accounts
Jenis giro pada bank lain 31 December 2023 31 December 2022 with other banks
Pihak berelasi (Catatan 37) Related parties (Note 37)
Dolar Singapura: Singapore Dollar:
United Overseas Bank Ltd., Singapura 12.563 18.291 United Overseas Bank Ltd., Singapore
Yuan China: Chinese Yuan:
United Overseas Bank Ltd., Shanghai 9.483 1.751 United Overseas Bank Ltd., Shanghai
Dolar Hong Kong: Hong Kong Dollar:
United Overseas Bank Ltd., Hong Kon g 6.004 1.215 United Overseas Bank Ltd., Hong Kong
United Overseas Bank Ltd., Singapura 30 30 United Overseas Bank Ltd., Singapore
Dolar Amerika Serikat: United States Dollar:
United Overseas Bank Ltd., Singapura 5.058 49.855 United Overseas Bank Ltd., Singapore
Euro Eropa: European Euro:
United Overseas Bank Ltd., Singapura 2.754 718 United Overseas Bank Ltd., Singapore
Yen Jepang: Japanese Yen:
United Overseas Bank Ltd., Tokyo 2.730 3.303 United Overseas Bank Ltd., Tokyo
Yuan China Renminbi: Chinese Yuan Renminbi:
United Overseas Bank Ltd., Shanghai 1.974 188 United Overseas Bank Ltd., Shanghai
United Overseas Bank Ltd., Singapura 120 123 United Overseas Bank Ltd., Singapore
Dolar Australia: Australian Dollar:
United Overseas Bank Ltd., Sydney 598 600 United Overseas Bank Ltd., Sydney
Baht Thailand: Thailand Baht:
United Overseas Bank Ltd., Thailand 144 18.316 United Overseas Bank Ltd., Thailand
Ringgit Malaysia: Malaysian Ringgit:
United Overseas Bank Ltd., Malaysia 72 79 United Overseas Bank Ltd., Malaysia
Total - Pihak berelasi 41.530 94.469 Total - Related parties
Total 984.482 1.100.247 Total
Cadangan kerugian penurunan nilai (2.706) (6.313) Allowance for impairment losses
Neto 981.776 1.093.934 Net
Suku bunga rata-rata untuk giro pada bank lain The average interest rate for current accounts with
adalah sebagai berikut: other banks are as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 0,00% - 0,01% 0,00% - 1,12% Rupiah
Mata uang asing 0,00% - 7,38% 0,00% - 1,38% Foreign currency
Tidak terdapat giro pada bank lain yang diblokir There were no current accounts with other banks
dan dijadikan jaminan pada tanggal blocked and pledged as collateral as of
31 Desember 2023 dan 2022. 31 December 2023 and 2022.
79
Page 454
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
Berdasarkan kolektibilitas, seluruh giro pada bank By collectability, all current accounts with other
lain pada tanggal 31 Desember 2023 dan 2022 banks as of 31 December 2023 and 2022 are
diklasifikasikan lancar. classified as current.
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 1.884.946 - - 1.884.946 31 December 2021
Mutasi neto (784.699) - - (784.699) Net movement
31 Desember 2022 1.100.247 - - 1.100.247 31 December 2022
Mutasi neto (115.765) - - (115.765) Net movement
31 Desember 2023 984.482 - - 984.482 31 December 2023
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 5.954 - - 5.954 31 December 2021
Pengukuran kembali 1.229 - - 1.229 Remeasurement
Perubahan pada: Changes in:
- Parameter (870) - - (870) - Parameter
31 Desember 2022 6.313 - - 6.313 31 December 2022
Pengukuran kembali (3.601) - - (3.601) Remeasurement
Perubahan pada: Changes in:
- Parameter (6) - - (6) - Parameter
31 Desember 2023 2.706 - - 2.706 31 December 2023
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai adalah cukup allowance for impairment losses is adequate to
untuk menutup kemungkinan kerugian penurunan cover possible impairment losses from
nilai atas tidak tertagihnya giro pada bank lain. uncollectible current accounts with other banks.
7. Penempatan pada Bank Indonesia dan Bank 7. Placements with Bank Indonesia and Other
Lain Banks
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
Jenis penempatan 31 December 2023 31 December 2022 Types of placements
Pihak ketiga Third parties
Rupiah: Rupiah:
Fasilitas Simpanan Bank Indonesia 1.399.184 279.889 Deposit Facilities of Bank Indonesia
Term Deposit Bank Indonesia - 599.645 Term Deposits of Bank Indonesia
Subtotal - Pihak ketiga - Rupiah 1.399.184 879.534 Subtotal - Third parties - Rupiah
80
Page 455
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank 7. Placements with Bank Indonesia and Other
Lain (lanjutan) Banks (continued)
Akun ini terdiri dari: (lanjutan) This account consists of: (continued)
31 Desember/ 31 Desember/
Jenis penempatan 31 December 2023 31 December 2022 Types of placements
Mata uang asing: Foreign currencies:
Term Deposit Bank Indonesia 446.513 3.938.577 Term Deposits of Bank Indonesia
Call Money: Call Money:
Bank of New York, Bank of New York,
Amerika Serikat 290.233 959.736 United States of America
PT Bank ANZ Indonesia - 77.838 PT Bank ANZ Indonesia
Subtotal - Pihak ketiga - Subtotal - Third parties -
Mata uang asing 736.746 4.976.151 Foreign currencies
Total - Pihak ketiga 2.135.930 5.855.685 Total - Third parties
Total 2.135.930 5.855.685 Total
Cadangan kerugian penurunan nilai - (56) Allowance for impairment losses
Neto 2.135.930 5.855.629 Net
Suku bunga rata-rata untuk penempatan pada The average interest rates for placement with Bank
Bank Indonesia dan bank lain adalah sebagai Indonesia and other banks are as follows:
berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 5,10% - 5,42% 3,25% - 3,60% Rupiah
Mata uang asing 4,99% - 5,12% 1,79% - 1,98% Foreign currencies
Rincian penempatan pada Bank Indonesia dan The details of placements with Bank Indonesia and
bank lain berdasarkan jenis penempatan dan sisa other banks based on the type of placements and
umur sampai dengan jatuh tempo adalah sebagai remaining maturities are as follows:
berikut:
31 Desember/31 December 2023
Penempatan/ Call
Placements Money Total
Rupiah Rupiah
< 1 bulan 1.399.184 - 1.399.184 < 1 month
Mata uang asing Foreign currencies
< 1 bulan 446.513 290.233 736.746 < 1 month
Total 1.845.697 290.233 2.135.930 Total
81
Page 456
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank 7. Placements with Bank Indonesia and Other
Lain (lanjutan) Banks (continued)
Rincian penempatan pada Bank Indonesia dan The details of placements with Bank Indonesia and
bank lain berdasarkan jenis penempatan dan sisa other banks based on the type of placements and
umur sampai dengan jatuh tempo adalah sebagai remaining maturities are as follows: (continued)
berikut: (lanjutan)
31 Desember/31 December 2022
Penempatan/ Call
Placements Money Total
Rupiah Rupiah
< 1 bulan 879.534 - 879.534 < 1 month
Mata uang asing Foreign currencies
< 1 bulan 3.938.577 1.037.574 4.976.151 < 1 month
Total 4.818.111 1.037.574 5.855.685 Total
Tidak terdapat penempatan pada bank lain yang There were no placements with other banks
diblokir dan dijadikan jaminan pada tanggal blocked and pledged as collateral as of
31 Desember 2023 dan 2022. 31 December 2023 and 2022.
Rincian penempatan pada Bank Indonesia dan The details of placements with Bank Indonesia and
bank lain berdasarkan sisa umur sampai dengan other banks based on remaining maturities are
jatuh tempo terdapat pada Catatan 40. shown in Note 40.
Berdasarkan kolektibilitas, seluruh penempatan By collectability, all placements with Bank
pada Bank Indonesia dan bank lain pada tanggal Indonesia and other banks as of 31 December
31 Desember 2023 dan 2022 diklasifikasikan 2023 and 2022 are classified as current.
lancar.
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 2.994.531 - - 2.994.531 31 December 2021
Aset baru 5.855.685 - - 5.855.685 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (2.994.531) - - (2.994.531) repaid (excluding write-offs)
31 Desember 2022 5.855.685 - - 5.855.685 31 December 2022
Aset baru 2.135.930 - - 2.135.930 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (5.855.685) - - (5.855.685) repaid (excluding write-offs)
31 Desember 2023 2.135.930 - - 2.135.930 31 December 2023
82
Page 457
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 Bank 7. Placements with Bank Indonesia and Other
Lain (lanjutan) Banks (continued)
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 - - - - 31 December 2021
Aset baru 56 - - 56 New assets originated
31 Desember 2022 56 - - 56 31 December 2022
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (56) - - (56) repaid (excluding write-offs)
31 Desember 2023 - - - - 31 December 2023
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai adalah cukup allowance for impairment losses is adequate to
untuk menutup kemungkinan kerugian penurunan cover possible impairment losses from
nilai atas tidak tertagihnya penempatan pada uncollectible placements with Bank Indonesia and
Bank Indonesia dan bank lain. other banks.
8. Efek-efek yang Diperdagangkan 8. Trading Securities
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2023
Mata uang asing/
Rupiah Foreign currencies Total
Efek-efek yang diperdagangkan Trading securities
Obligasi Pemerintah 1.690.188 78.501 1.768.689 Government Bonds
Sekuritas Rupiah Bank Indonesia
Bank Indonesia 677.264 - 677.264 Rupiah Securities
Obligasi Korporasi 196.136 - 196.136 Corporate Bonds
Sukuk 20.746 95.401 116.147 Sukuk
Total 2.584.334 173.902 2.758.236 Total
31 Desember/31 December 2022
Mata uang asing/
Rupiah Foreign currencies Total
Efek-efek yang diperdagangkan Trading securities
Obligasi Pemerintah 359.340 48.401 407.741 Government Bonds
Obligasi Korporasi 141.018 - 141.018 Corporate Bonds
Sukuk 31.390 13.629 45.019 Sukuk
Total 531.748 62.030 593.778 Total
Pada tanggal 31 Desember 2023 dan 2022, efek- As of 31 December 2023 and 2022, trading
efek yang diperdagangkan adalah efek-efek yang securities are the securities issued by the
diterbitkan oleh pemerintah dan korporasi dan government and corporation and categorized as
dikategorikan tanpa peringkat berupa obligasi non-rated in the form of government bonds, Bank
pemerintah, sekuritas rupiah Bank Indonesia dan Indonesia rupiah securities and sukuk.
sukuk.
83
Page 458
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 yang Diperdagangkan (lanjutan) 8. Trading Securities (continued)
Rincian obligasi korporasi berdasarkan peringkat The details of corporate bonds based on rating are
adalah sebagai berikut: as follows:
31 Desember/31 December
Pemeringkat/
Ranked by 2023 2022 2023 2022
PT Merdeka Copper Gold Tbk Pefindo idA+ idA+ 99.805 141.018 PT Merdeka Copper Gold Tbk
PT Chandra Asri Petrochemical Tbk Pefindo idAA- - 90.638 - PT Chandra Asri Petrochemical Tbk
PT Astra Sedaya Finance Pefindo idAAA - 4.998 - PT Astra Sedaya Finance
PT PLN (Persero) - Kantor Pusat Pefindo idAAA - 446 - PT PLN (Persero) - Head Office
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk Pefindo idAAA - 249 - (Persero) Tbk
Total 196.136 141.018 Total
Manajemen Bank berkeyakinan bahwa pada The Bank’s management believes that as of
tanggal 31 Desember 2023 dan 2022, seluruh 31 December 2023 and 2022, all trading securities
efek-efek yang diperdagangkan digolongkan are classified as current and not impaired.
lancar dan tidak mengalami penurunan nilai.
Rincian efek-efek diperdagangkan berdasarkan The details of trading securities based on
sisa umur sampai dengan jatuh tempo terdapat remaining maturities are shown in Note 40.
pada Catatan 40.
Suku bunga efektif rata-rata efek-efek yang The average effective interest rates of trading
diperdagangkan adalah sebagai berikut: securities are as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
Obligasi Pemerintah 4,90% - 8,95% 4,91% - 8,54% Government Bonds
Sekuritas Rupiah Bank Indonesia 6,40% - 6,71% - Bank Indonesia Rupiah Securities
Obligasi Korporasi 6,23% - 9,15% 6,76% - 7,76% Corporate Bonds
Sukuk 4,48% - 6,73% 5,04% - 6,75% Sukuk
Mata uang asing Foreign currency
Obligasi Pemerintah 1,85% - 7,19% 2,54% - 5,66% Government Bonds
Sukuk 2,30% - 4,70% 2,43% - 4,53% Sukuk
9. Investasi Keuangan 9. Financial Investments
31 Desember/31 December 2023
Mata uang asing/
Rupiah Foreign currencies Total
Diukur pada nilai wajar
melalui penghasilan At fair value through other
komprehensif lain comprehensive income
Obligasi Pemerintah 11.183.830 414.216 11.598.046 Government Bonds
Sekuritas Rupiah Rupiah Securities
Bank Indonesia 6.184.397 321.071 6.505.468 Bank Indonesia
Sukuk 685.108 825.193 1.510.301 Sukuk
Obligasi Korporasi 683.593 - 683.593 Corporate Bonds
Negotiable
Certificate Deposit 104.357 - 104.357 Negotiable Certificate Deposit
Total 18.841.285 1.560.480 20.401.765 Total
84
Page 459
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
Akun ini terdiri dari: (lanjutan) This account consists of: (continued)
31 Desember/31 December 2023
Mata uang asing/
Rupiah Foreign currencies Total
Diukur pada biaya perolehan
yang diamortisasi At amortized cost
Obligasi Pemerintah 7.629.732 - 7.629.732 Government Bonds
Wesel ekspor berjangka Export bills
Pihak ketiga 2.581.035 2.068.786 4.649.821 Third parties
Pihak berelasi (Catatan 37) - 56.999 56.999 Related parties (Note 37)
Sukuk 312.908 - 312.908 Sukuk
Total 10.523.675 2.125.785 12.649.460 Total
Total investasi keuangan 29.364.960 3.686.265 33.051.225 Total financial investments
Cadangan kerugian
penurunan nilai (6.853) (6.995) (13.848) Allowance for impairment losses
Neto 29.358.107 3.679.270 33.037.377 Net
31 Desember/31 December 2022
Mata uang asing/
Rupiah Foreign currencies Total
Diukur pada nilai wajar
melalui penghasilan At fair value through other
komprehensif lain comprehensive income
Obligasi Pemerintah 9.821.319 881.299 10.702.618 Government Bonds
Sukuk 3.890.069 878.786 4.768.855 Sukuk
Obligasi Korporasi 453.609 - 453.609 Corporate Bonds
Total 14.164.997 1.760.085 15.925.082 Total
Diukur pada biaya perolehan
yang diamortisasi At amortized cost
Obligasi Pemerintah 7.431.039 - 7.431.039 Government Bonds
Wesel ekspor berjangka Export bills
Pihak ketiga 1.912.559 2.098.279 4.010.838 Third parties
Pihak berelasi (Catatan 37) - 96.459 96.459 Related parties (Note 37)
Sukuk 509.336 - 509.336 Sukuk
Total 9.852.934 2.194.738 12.047.672 Total
Total investasi keuangan 24.017.931 3.954.823 27.972.754 Total financial investments
Cadangan kerugian
penurunan nilai (8.249) (11.349) (19.598) Allowance for impairment losses
Neto 24.009.682 3.943.474 27.953.156 Net
85
Page 460
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
a. Investasi keuangan yang diukur pada nilai a. The financial investments at fair value through
wajar melalui penghasilan komprehensif lain other comprehensive income as of
pada tanggal 31 Desember 2023 dan 31 December 2023 and 2022 are as follows:
2022 adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Nilai wajar Fair value
Rupiah Rupiah
Obligasi Pemerintah 11.183.830 9.821.319 Government Bonds
Sekuritas Rupiah Rupiah Securities
Bank Indonesia 6.184.397 - Bank Indonesia
Sukuk 685.108 3.890.069 Sukuk
Obligasi Korporasi 683.593 453.609 Corporate Bonds
Negotiable Certifcate of Deposit 104.357 - Negotiable Certificate of Deposit
Subtotal 18.841.285 14.164.997 Subtotal
Mata Uang Asing Foreign Currencies
Obligasi Pemerintah 414.216 881.299 Government Bonds
Sekuritas Rupiah Rupiah Securities
Bank Indonesia 321.071 - Bank Indonesia
Sukuk 825.193 878.786 Sukuk
Subtotal 1.560.480 1.760.085 Subtotal
Total 20.401.765 15.925.082 Total
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Nilai nominal 20.639.191 15.883.152 Nominal value
Saldo yang belum diamortisasi (121.227) 239.643 Unamortized amount
Kerugian yang
belum direalisasi (116.199) (197.713) Unrealized loss
Total 20.401.765 15.925.082 Total
Rekonsiliasi atas perubahan Reconciliations of movement in unrealized
keuntungan/(kerugian) yang belum gain/(loss) on securities at fair value through
direalisasi atas efek-efek yang diukur pada other comprehensive income - net are as
nilai wajar melalui penghasilan komprehensif follows:
lain - neto adalah sebagai berikut:
31 Desember/December 31
2023 2022
Saldo awal tahun (154.011) 117.348 Balance at beginning of year
Keuntungan/(kerugian) yang belum Unrealized gain/(loss)
direalisasi diakui di ekuitas 79.383 (346.987) recognized in equity
(Pemulihan)/Penyisihan kerugian
penurunan nilai selama tahun (Reversal)/provision for impairment
berjalan 283 (909) losses during the year
Efek pajak (17.527) 76.537 Tax effect
Saldo akhir tahun (91.872) (154.011) Balance at end of year
86
Page 461
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
b. Klasifikasi investasi keuangan yang diukur b. The classification of financial investments at
pada biaya perolehan yang diamortisasi amortized cost based on the remaining
berdasarkan sisa umur sebelum cadangan maturities before allowance for impairment
kerugian penurunan nilai adalah sebagai losses are as follows:
berikut:
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
< 1 bulan 5.264.748 898.948 6.163.696 < 1 month
≥ 1 bulan ≤ 3 bulan 1.986.681 544.966 2.531.647 ≥ 1 month ≤ 3 months
> 3 bulan ≤ 12 bulan 487.626 681.871 1.169.497 > 3 months ≤ 12 months
> 12 bulan 2.784.620 - 2.784.620 > 12 months
Total 10.523.675 2.125.785 12.649.460 Total
31 Desember/31 December 2022
Mata uang
asing/
Foreign
Rupiah currencies Total
< 1 bulan 585.333 1.143.304 1.728.637 < 1 month
≥ 1 bulan ≤ 3 bulan 1.050.223 782.244 1.832.467 ≥ 1 month ≤ 3 months
> 3 bulan ≤ 12 bulan 277.003 269.190 546.193 > 3 months ≤ 12 months
> 12 bulan 7.940.375 - 7.940.375 > 12 months
Total 9.852.934 2.194.738 12.047.672 Total
Rincian investasi keuangan berdasarkan sisa The details of financial investment based on
umur sampai dengan jatuh tempo terdapat remaining maturities are shown in Note 40.
pada Catatan 40.
c. Rincian obligasi korporasi berdasarkan c. The details of corporate bonds based on rating
peringkat adalah sebagai berikut: are as follows:
31 Desember/31 December
Pemeringkat/
Ranked by 2023 2022 2023 2022
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk Pefindo idAAA idAAA 158.309 161.387 (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk Pefindo idAAA idAAA 140.000 137.959 (Persero) Tbk
PT Bank Mandiri PT Bank Mandiri
(Persero) Tbk Pefindo idAAA idAAA 100.406 51.654 (Persero) Tbk
PT Sarana Multi PT Sarana Multi
Infrastruktur Pefindo idAAA idAAA 84.348 - Infrastruktur
PT Bank CIMB Niaga Tbk Pefindo idAAA idAAA 75.496 77.498 PT Bank CIMB Niaga Tbk
PT Astra Sedaya PT Astra Sedaya
Finance Pefindo idAAA idAAA 69.974 - Finance
PT Federal PT Federal
International Finance Pefindo idAAA idAAA 30.203 - International Finance
PT Bank Maybank PT Bank Maybank
Indonesia Tbk Pefindo idAAA idAAA 14.904 15.061 Indonesia Tbk
PT PLN (Persero) Pefindo idAAA idAAA 9.953 10.050 PT PLN (Persero)
Total 683.593 453.609 Total
d. Berdasarkan kolektibilitas, seluruh investasi d. By collectability, all financial investments as of
keuangan pada tanggal 31 Desember 2023 31 December 2023 and 2022 are classified as
dan 2022 diklasifikasikan lancar. current.
87
Page 462
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
e. Perubahan nilai tercatat bruto atas investasi e. Movements in the gross carrying amount of
keuangan yang diukur pada nilai wajar financial investments at fair value through
melalui penghasilan komprehensif lainnya other comprehensive income and at amortized
dan yang diukur pada biaya perolehan yang cost are as follows:
diamortisasi adalah sebagai berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 16.457.995 55.789 - 16.513.784 31 December 2021
Aset baru 14.041.739 17.635 - 14.059.374 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (7.155.380) (55.789) - (7.211.169) (excluding write-offs)
Pengukuran kembali 4.610.765 - - 4.610.765 Remeasurement
31 Desember 2022 27.955.119 17.635 - 27.972.754 31 December 2022
Aset baru 13.900.707 8.691 - 13.909.398 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (8.431.897) (17.635) - (8.449.532) (excluding write-offs)
Pengukuran kembali (381.395) - - (381.395) Remeasurement
31 Desember 2023 33.042.534 8.691 - 33.051.225 31 December 2023
f. Perubahan cadangan kerugian penurunan f. The movements in the allowance for
nilai atas investasi keuangan yang diukur impairment losses of financial investments at
nilai wajar melalui penghasilan komprehensif fair value through other comprehensive
lainnya dan yang diukur pada biaya income and at amortized cost are as follows:
perolehan yang diamortisasi adalah sebagai
berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 25.605 3.083 - 28.688 31 December 2021
Aset baru 16.889 2.709 - 19.598 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (25.605) (3.083) - (28.688) (excluding write-offs)
31 Desember 2022 16.889 2.709 - 19.598 31 December 2022
Aset baru 12.802 1.046 - 13.848 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (16.889) (2.709) - (19.598) (excluding write-offs)
31 Desember 2023 12.802 1.046 - 13.848 31 December 2023
Manajemen Bank berkeyakinan bahwa The Bank’s management believes that the
jumlah cadangan kerugian penurunan nilai allowance for impairment losses is adequate
adalah cukup untuk menutup kemungkinan to cover possible impairment losses from
kerugian penurunan nilai atas tidak uncollectible export bills and corporate bonds.
tertagihnya wesel ekspor berjangka dan
obligasi korporasi.
88
Page 463
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Investasi Keuangan (lanjutan) 9. Financial Investments (continued)
g. Suku bunga efektif rata-rata investasi g. The average effective interest rates of financial
keuangan adalah sebagai berikut: investments are as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 4,83% - 11,00% 3,69% - 12,60% Rupiah
Mata uang asing 2,90% - 8,29% 0,98% - 6,65% Foreign currency
10. Tagihan dan Liabilitas Derivatif 10. Derivative Receivables and Payables
Ikhtisar tagihan dan liabilitas derivatif adalah The summary of derivative receivables and
sebagai berikut: payables are as follows:
31 Desember/31 December 2023
Nilai nosional
(kontrak)
(ekuivalen
rupiah)/
Notional value Tagihan Liabilitas
(contract) derivatif/ derivatif/
(equivalent Derivative Derivative
Jenis rupiah) receivables payables Type
Cross currency interest rate
Swap pertukaran valas dan suku bunga swap
Rupiah 21.050.446 516.385 158.821 Indonesian Rupiah
Dolar Amerika Serikat 23.705.299 109.919 634.129 United States Dollar
Forward beli Forward bought
Dolar Amerika Serikat 21.204.568 28.591 204.687 United States Dollar
Forward jual Forward sold
Dolar Amerika Serikat 9.519.718 63.974 20.262 United States Dollar
Option 8.520.456 77.979 75.019 Option
Swap suku bunga Interest rate swap
Rupiah 339.331 502 2.864 Indonesian Rupiah
Dolar Amerika Serikat 14.301.440 43.344 124.506 United States Dollar
Futures 92.382 - 2.312 Futures
Total 840.694 1.222.600 Total
31 Desember/31 December 2022
Nilai nosional
(kontrak)
(ekuivalen
rupiah)/
Notional value Tagihan Liabilitas
(contract) derivatif/ derivatif/
(equivalent Derivative Derivative
Jenis rupiah) receivables payables Type
Cross currency interest rate
Swap pertukaran valas dan suku bunga swap
Rupiah 21.677.439 839.777 101.481 Rupiah
Dolar Amerika Serikat 23.729.072 42.080 942.696 United States Dollar
Forward beli Forward bought
Dolar Amerika Serikat 15.889.556 174.950 52.837 United States Dollar
89
Page 464
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan dan Liabilitas Derivatif (lanjutan) 10. Derivative Receivables and Payables
(continued)
Ikhtisar tagihan dan liabilitas derivatif adalah The summary of derivative receivables and
sebagai berikut: (lanjutan) payables are as follows: (continued)
31 Desember/31 December 2022
Nilai nosional
(kontrak)
(ekuivalen
rupiah)/
Notional value Tagihan Liabilitas
(contract) derivatif/ derivatif/
(equivalent Derivative Derivative
Jenis rupiah) receivables payables Type
Forward jual Forward sold
Dolar Amerika Serikat 7.421.196 37.105 45.647 United States Dollar
Option 9.302.826 107.535 103.143 Option
Swap suku bunga Interest rate swap
Rupiah 488.920 2.154 4.836 Indonesian Rupiah
Dolar Amerika Serikat 16.134.220 117.136 149.895 United States Dollar
Total 1.320.737 1.400.535 Total
Rincian tagihan dan liabilitas derivatif The details of derivative receivables and payables
berdasarkan sisa umur sampai dengan jatuh based on remaining maturities are shown in
tempo terdapat pada Catatan 40. Note 40.
Dalam kegiatan normal bisnis, Bank melakukan In the normal course of the business, the Bank
transaksi derivatif tertentu untuk memenuhi enters into some derivative transactions to meet the
kebutuhan spesifik nasabahnya dan dalam specific needs of its customers as well as to
rangka pengelolaan likuiditas dan posisi lindung manage its liquidity and hedging position. The Bank
nilai. Bank memiliki kebijakan pengelolaan risiko has its own risk management policy and the risk
dan limit yang ditentukan untuk mengendalikan amount limit for controlling the foreign exchange
risiko nilai tukar dan suku bunga. Perubahan and interest rate risks. The changes in variable
variabel risiko pasar dimonitor secara aktif dalam market risk are actively monitored in the ALCO
rapat ALCO (Asset and Liability Committee) yang (Asset and Liability Committee) meeting, whereby
dijadikan acuan dalam menentukan strategi the changes serve as the benchmark in determining
Bank. the Bank’s strategies.
Pada tanggal 31 Desember 2023 dan 2022, Bank As of 31 December 2023 and 2022, the Bank has
memiliki beberapa tipe instrumen derivatif the following types of derivative instruments:
sebagai berikut:
Pertukaran forward Forward exchange
Kontrak forward pertukaran valuta asing adalah Forward foreign exchange contracts are contractual
perjanjian untuk membeli atau menjual suatu agreements to buy or sell a foreign currency at
mata uang asing pada kurs dan tanggal tertentu. specified rates and on certain dates. These
Transaksi tersebut dilakukan di over-the-counter transactions are conducted in the over-the-counter
market. Secara spesifik, Bank mengadakan market. Specifically, the Bank enters into this
transaksi ini dengan tujuan untuk mengendalikan transaction with the objective to control the
risiko nilai tukar. Jangka waktu perjanjian untuk exchange rate risk. The period of contract for
transaksi forward pertukaran mata uang asing forward foreign exchange transactions undertaken
yang dilakukan oleh Bank berkisar antara 4 hari by the Bank ranged between 4 days to 2 years.
hingga 2 tahun.
90
Page 465
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan dan Liabilitas Derivatif (lanjutan) 10. Derivative Receivables and Payables
(continued)
Pada tanggal 31 Desember 2023 dan 2022, Bank As of 31 December 2023 and 2022, the Bank has
memiliki beberapa tipe instrumen derivatif the following types of derivative instruments:
sebagai berikut: (lanjutan) (continued)
Options Options
Options merupakan perjanjian kontraktual antara Options are a contractual agreements between two
dua pihak yang merupakan suatu kontrak yang parties which is a contract granting rights (instead
memberikan hak (bukan kewajiban) kepada of liabilities) to the option buyer to purchase or sell
pembeli option untuk untuk membeli atau menjual a currency against another currency at a
mata uang terhadap mata uang lainnya dengan predetermined price (strike price) for a certain
harga yang telah ditentukan (strike price) untuk period by paying significant amount of premium to
suatu periode tertentu dengan membayar the option seller. The contract period for the option
sejumlah premi kepada penjual option. Periode transacted by the Bank ranged between 16 days to
perjanjian untuk option yang dilakukan oleh Bank 5 years.
berkisar antara 16 hari hingga 5 tahun.
Swap suku bunga Interest rate swap
Perjanjian swap suku bunga merupakan Interest rate swap contracts are contractual
perjanjian kontraktual antara dua pihak untuk agreements between two parties to exchange
menukarkan pergerakan tingkat suku bunga dan movements of interest rates and to make payments
untuk melakukan suatu pembayaran yang with respect to defined credit events based on
didasarkan pada suatu situasi tertentu dan specified notional amount.
jumlah nosional tertentu.
Secara spesifik, Bank mengadakan transaksi Specifically, the Bank has entered into these
tersebut dengan tujuan untuk melindungi nilai contracts to hedge its future interest cash flows on
pergerakan arus kas di masa depan, terkait its interest income from Indonesian Rupiah loan
dengan pendapatan bunga atas pinjaman yang receivables from customers (corporate and
diberikan kepada debitur (debitur perusahaan individual at a pool basis) and its interest income
dan debitur perorangan yang telah digabungkan) from United States Dollar denominated available-
dalam Rupiah dan pendapatan bunga dari efek for-sale securities. The contract period for the
tersedia untuk dijual dalam mata uang Dolar interest rate swap transacted by the Bank is
Amerika Serikat. Periode perjanjian untuk swap between 3 months to 8 years.
suku bunga yang dilakukan oleh Bank berkisar
antara 3 bulan hingga 8 tahun.
Swap valuta asing dan suku bunga Cross currency interest rate swap
Perjanjian swap valuta asing suku bunga Cross currency interest rate swap are contractual
merupakan perjanjian kontraktual antara dua agreements between two parties to exchange cash
pihak untuk menukarkan aliran kas dari pokok flows from loan principal and interest payments
kredit dan pembayaran bunganya dalam which are in different denominations. The contract
denominasi mata uang yang berbeda. Periode period for the cross currency interest rate swap
perjanjian untuk swap valuta asing suku bunga transacted by the Bank ranged between 6 months
yang dilakukan oleh Bank berkisar antara to 7 years.
6 bulan hingga 7 tahun.
Transaksi-transaksi tersebut di atas tidak The above transactions are not treated as an
diperlakukan sebagai transaksi lindung nilai yang effective hedging relationships for accounting
efektif untuk tujuan akuntansi. Perubahan nilai purposes. The changes in the fair value of the
wajar dari instrumen derivatif tersebut dikreditkan derivative instruments are credited or charged to
atau dibebankan dalam laporan laba rugi dan the statements of profit or loss and other
penghasilan komprehensif lain tahun berjalan. comprehensive income in the current year.
91
Page 466
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan 11. Loans
1) Jenis kredit yang diberikan 1) By type of loan
31 Desember/31 December 2023
Pihak Pihak berelasi
ketiga/ (Catatan 37)/
Third Related parties
parties (Note 37) Total
Rupiah Rupiah
Promes 12.939.543 - 12.939.543 Promissory notes
Trade loans 11.127.495 - 11.127.495 Trade loans
Kartu kredit 9.860.276 8.484 9.868.760 Credit card
Rekening koran 8.772.132 - 8.772.132 Overdraft
Investasi 7.409.416 - 7.409.416 Investment
Pemilikan rumah 6.721.220 25.537 6.746.757 Housing
Angsuran 4.181.242 - 4.181.242 Installment
Sindikasi 1.670.110 - 1.670.110 Syndicated
Multiguna 962.586 9.530 972.116 Multi-purpose
Kendaraan bermotor 27.435 8.485 35.920 Motor vehicles
Tetap 15.800 - 15.800 Fixed
63.687.255 52.036 63.739.291
Mata uang asing Foreign currencies
Promes 6.503.497 - 6.503.497 Promissory notes
Sindikasi 6.419.084 - 6.419.084 Syndicated
Trade loans 5.588.403 - 5.588.403 Trade loans
Investasi 1.085.715 - 1.085.715 Investment
Angsuran 686.615 - 686.615 Installment
20.283.314 - 20.283.314
Total 83.970.569 52.036 84.022.605 Total
Cadangan kerugian
penurunan nilai (4.108.979) (1.784) (4.110.763) Allowance for impairment losses
Neto 79.861.590 50.252 79.911.842 Net
31 Desember/31 December 2022
Pihak Pihak berelasi
ketiga/ (Catatan 37)/
Third Related parties
parties (Note 37) Total
Rupiah Rupiah
Promes 16.378.366 - 16.378.366 Promissory notes
Rekening koran 10.576.599 - 10.576.599 Overdraft
Trade loans 10.318.162 - 10.318.162 Trade loans
Pemilikan rumah 7.040.488 25.173 7.065.661 Housing
Investasi 7.007.007 - 7.007.007 Investment
Angsuran 6.570.788 - 6.570.788 Installment
Sindikasi 3.037.491 - 3.037.491 Syndicated
Kartu kredit 2.367.747 6.366 2.374.113 Credit card
Multiguna 1.054.348 3.424 1.057.772 Multi-purpose
Kendaraan bermotor 48.925 3.559 52.484 Motor vehicles
Tetap 16.200 - 16.200 Fixed
64.416.121 38.522 64.454.643
92
Page 467
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
1) Jenis kredit yang diberikan (lanjutan) 1) By type of loan (continued)
31 Desember/31 December 2022
Pihak Pihak berelasi
ketiga/ (Catatan 37)/
Third Related parties
parties (Note 37) Total
Mata uang asing Foreign currencies
Sindikasi 7.587.478 - 7.587.478 Syndicated
Promes 6.788.697 - 6.788.697 Promissory notes
Trade loans 5.022.886 - 5.022.886 Trade loans
Investasi 1.343.608 - 1.343.608 Investment
Angsuran 337.210 - 337.210 Installment
21.079.879 - 21.079.879
Total 85.496.000 38.522 85.534.522 Total
Cadangan kerugian
penurunan nilai (4.235.454) (497) (4.235.951) Allowance for impairment losses
Neto 81.260.546 38.025 81.298.571 Net
2) Sektor ekonomi 2) By economic sector
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Industri pengolahan 21.318.545 23.357.349 Processing industry
Perdagangan besar dan eceran 18.720.204 18.759.826 Wholesale and retail trading
Rumah tangga 17.625.534 10.553.117 Household
Pertambangan dan penggalian 7.249.461 3.577.522 Mining and excavation
Real estate 4.502.509 4.655.379 Real estate
Aktivitas keuangan dan asuransi 3.454.621 9.632.747 Financial and insurance activities
Informasi dan komunikasi 2.633.668 2.999.063 Information and communication
Penyedia akomodasi dan Accommodation and
penyedia makanan dan minuman 2.095.861 2.227.390 food and beverages provider
Konstruksi gedung 2.023.681 2.520.895 Building construction
Pertanian, kehutanan dan perikanan 1.853.616 2.344.182 Agriculture, forestry and fisheries
Pengangkutan dan pergudangan 660.629 890.608 Transportation and warehousing
Pengadaan listrik, gas dan udara 613.864 3.338.539 Electricity, gas and air procurement
Lainnya 1.270.412 677.905 Others
Total 84.022.605 85.534.522 Total
Cadangan kerugian
penurunan nilai (4.110.763) (4.235.951) Allowance for impairment losses
Neto 79.911.842 81.298.571 Net
3) Jangka waktu 3) By terms
a. Berdasarkan perjanjian kredit a. Based on loan agreement
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
≤ 1 tahun 12.965.735 17.487.379 ≤ 1 year
> 1 tahun ≤ 2 tahun 18.294.857 19.951.712 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 9.542.190 6.577.624 > 2 years ≤ 5 years
> 5 tahun 22.936.509 20.437.928 > 5 years
63.739.291 64.454.643
93
Page 468
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
3) Jangka waktu (lanjutan) 3) By terms (continued)
a. Berdasarkan perjanjian kredit a. Based on loan agreement (continued)
(lanjutan)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Mata uang asing Foreign currencies
≤ 1 tahun 8.837.105 7.915.065 ≤ 1 year
> 1 tahun ≤ 2 tahun 4.185.159 5.408.858 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 4.195.298 3.172.362 > 2 years ≤ 5 years
> 5 tahun 3.065.752 4.583.594 > 5 years
20.283.314 21.079.879
Total 84.022.605 85.534.522 Total
Cadangan kerugian
penurunan nilai (4.110.763) (4.235.951) Allowance for impairment losses
Neto 79.911.842 81.298.571 Net
b. Berdasarkan sisa umur jatuh tempo b. Based on remaining maturities
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
≤ 1 tahun 37.083.311 39.090.190 ≤ 1 year
> 1 tahun ≤ 2 tahun 4.969.648 6.489.713 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 10.025.089 9.176.656 > 2 years ≤ 5 years
> 5 tahun 11.661.243 9.698.084 > 5 years
63.739.291 64.454.643
Mata uang asing Foreign currencies
≤ 1 tahun 13.576.140 15.750.903 ≤ 1 year
> 1 tahun ≤ 2 tahun 1.163.488 1.202.891 > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 5.351.083 2.914.448 > 2 years ≤ 5 years
> 5 tahun 192.603 1.211.637 > 5 years
20.283.314 21.079.879
Total 84.022.605 85.534.522 Total
Cadangan kerugian
penurunan nilai (4.110.763) (4.235.951) Allowance for impairment losses
Neto 79.911.842 81.298.571 Net
4) Berdasarkan kolektibilitas 4) By collectability
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
Lancar 58.627.954 59.961.270 Current
Dalam perhatian khusus 3.032.269 2.254.361 Special mention
Kurang lancar 426.836 351.390 Sub-standard
Diragukan 369.609 183.493 Doubtful
Macet 1.282.623 1.704.129 Loss
63.739.291 64.454.643
94
Page 469
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
4) Berdasarkan kolektibilitas (lanjutan) 4) By collectability (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Mata uang asing Foreign currencies
Lancar 18.858.159 19.434.915 Current
Dalam perhatian khusus 1.355.197 1.403.021 Special mention
Kurang lancar - 63.890 Sub-standard
Diragukan - 3.425 Doubtful
Macet 69.958 174.628 Loss
20.283.314 21.079.879
Total 84.022.605 85.534.522 Total
Cadangan kerugian
penurunan nilai (4.110.763) (4.235.951) Allowance for impairment losses
Neto 79.911.842 81.298.571 Net
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows:
a. Kredit yang diberikan dijamin dengan a. Loans are secured with time deposits,
deposito, agunan yang diikat dengan hak registered mortgages over collateral or power
tanggungan atau surat kuasa untuk menjual of attorney to sell or to liquidate and with other
atau mencairkan dan jaminan lain yang guarantees generally acceptable to the Bank.
umumnya dapat diterima oleh Bank.
b. Giro sejumlah Rp655.364 dan Rp547.289 b. Demand deposits amounting to Rp655,364
masing-masing pada tanggal 31 Desember and Rp547,289 as of 31 December 2023 and
2023 dan 2022 digunakan sebagai jaminan 2022, respectively are pledged as collateral for
atas kredit yang diberikan dan fasilitas bank loans and other bank facilities (Note 17).
lainnya (Catatan 17).
c. Tabungan sejumlah Rp1.063.347 dan c. Saving deposits amounting to Rp1,063,347
Rp983.973 masing-masing pada tanggal and Rp983,973 as of 31 December 2023 and
31 Desember 2023 dan 2022 digunakan 2022, respectively are pledged as collateral for
sebagai jaminan atas kredit yang diberikan loans (Note 18).
(Catatan 18).
d. Deposito berjangka sejumlah Rp8.442.844 d. Time deposits amounting to Rp8,442,844 and
dan Rp6.684.562 masing-masing pada Rp6,684,562 as of 31 December 2023 and
tanggal 31 Desember 2023 dan 2022 2022, respectively are pledged as collateral for
digunakan sebagai jaminan atas kredit yang loans (Note 19).
diberikan (Catatan 19).
e. Suku bunga kontraktual rata-rata untuk kredit e. The average contractual interest rates for
adalah sebagai berikut: loans are as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 7,12% 7,91% Rupiah
Mata uang asing 6,42% 3,45% Foreign currencies
95
Page 470
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
f. Kredit yang diberikan kepada karyawan f. Loans to employees represent, among others,
antara lain merupakan kredit untuk housing, multipurpose and car loans. These
pembelian rumah, multiguna dan kendaraan. loans granted to employees that bear a lower
Kredit kepada karyawan tersebut dikenakan interest rates than interest rates charged to
bunga sesuai ketentuan Bank yang lebih non-employee amounted to Rp220,935 and
rendah dari suku bunga kredit yang diberikan Rp173,104 as of 31 December 2023 and 2022,
Bank kepada nasabah bukan karyawan respectively.
dengan jumlah masing-masing sebesar
Rp220.935 dan Rp173.104 pada tanggal
31 Desember 2023 dan 2022.
g. Pada tanggal 31 Desember 2023 dan 2022, g. As of 31 December 2023 and 2022, total
jumlah kredit yang direstrukturisasi masing- restructured loans amounting to Rp6,440,983
masing sebesar Rp6.440.983 dan and Rp9,985,220, respectively, are provided
Rp9.985.220, dengan cadangan kerugian with allowance for impairment losses of
penurunan nilai yang dibentuk masing- Rp2,096,482 and Rp2,828,367, respectively.
masing sebesar Rp2.096.482 dan The restructuring of loans represents
Rp2.828.367. Bentuk restrukturisasi kredit extension of maturity dates and reduction of
meliputi antara lain kredit dengan interest rates. There are no losses resulted
perpanjangan jatuh tempo dan perubahan from those loans restructuring and the Bank
tingkat suku bunga. Tidak ada kerugian yang does not have any commitments to grant
timbul dari restrukturisasi kredit tersebut dan additional loans to these customers.
Bank tidak memiliki komitmen untuk
memberikan tambahan kredit kepada
nasabah-nasabah tersebut.
Manajemen berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan penurunan nilai yang dibentuk allowance for impairment losses is adequate.
telah memadai.
Restrukturisasi kredit berdasarkan jenis kredit Restructured loan by type of loan as follows:
yang diberikan sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
Angsuran 1.502.105 2.633.898 Installment
Investasi 1.043.092 1.694.276 Investment
Promes 611.458 1.230.795 Promissory notes
Rekening koran 590.390 1.098.918 Overdraft
Pemilikan rumah 418.524 617.605 Housing
Sindikasi 251.103 150.633 Syndicated
Multiguna 203.197 291.923 Multi-purpose
Trade loans 26.072 109.563 Trade loans
Kartu kredit 21.531 13.379 Credit card
Tetap - 400 Fixed
4.667.472 7.841.390
96
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
Restrukturisasi kredit berdasarkan jenis kredit Restructured loan by type of loan as follows:
yang diberikan sebagai berikut: (lanjutan) (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Mata uang asing Foreign currencies
Investasi 997.052 1.184.923 Investment
Promes 493.907 425.962 Promissory notes
Trade loans 259.157 259.328 Trade loans
Angsuran 23.395 273.617 Installment
1.773.511 2.143.830
Total 6.440.983 9.985.220 Total
Cadangan kerugian
penurunan nilai (2.096.482) (2.828.367) Allowance for impairment losses
Neto 4.344.501 7.156.853 Net
Restrukturisasi kredit berdasarkan kolektibilitas Restructured loan by collectability as follows:
adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
Lancar 2.112.766 4.269.962 Current
Dalam perhatian khusus 1.162.410 1.619.519 Special mention
Kurang lancar 304.895 292.124 Sub-standard
Diragukan 51.825 128.144 Doubtful
Macet 1.035.576 1.531.641 Loss
4.667.472 7.841.390
Mata uang asing Foreign currencies
Lancar 354.048 518.766 Current
Dalam perhatian khusus 1.354.030 1.387.705 Special mention
Kurang lancar - 62.731 Sub-standard
Macet 65.433 174.628 Loss
1.773.511 2.143.830
Total 6.440.983 9.985.220 Total
Cadangan kerugian
penurunan nilai (2.096.482) (2.828.367) Allowance for impairment losses
Neto 4.344.501 7.156.853 Net
97
Page 472
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
h. Pada tanggal 29 November 2023, Bank h. On 29 November 2023, the Bank sold its
melakukan penjualan atas kredit yang telah written off loan. Payment for the selling prices
dihapusbukukan. Pembayaran dari harga of Rp141,346 has been fully received by the
jual atas kredit tersebut sebesar Rp141.346 Bank and recovery of the written-off loans was
telah diterima seluruhnya oleh Bank dan presented as part of “Other operating income -
pemulihan atas kredit yang telah Others-net” in current year statement of profit
dihapusbukukan tersebut dicatat sebagai or loss and other comprehensive income.
bagian dari “Pendapatan operasional lainnya
- Lain-lain-neto” pada laporan laba rugi dan
penghasilan komprehensif lain di tahun
berjalan.
Kredit tersebut dijual dengan skema jual The loans were sold with true sales scheme
putus dengan pengalihan hak atas kredit with the transfer of rights on the sold loans
yang dijual berlaku efektif pada tanggal become effective on 29 November 2023.
29 November 2023.
Pada tanggal 26 Agustus 2022, Bank On 26 August 2022, the Bank sold its non
melakukan penjualan atas kredit yang performing loans and written off loan. Payment
bermasalah dan kredit yang telah for the selling prices of Rp230,052 has been
dihapusbukukan. Pembayaran dari harga fully received by the Bank and loss from sale
jual dari kredit tersebut sebesar Rp230.052 was presented as part of “Other operating
telah diterima seluruhnya oleh Bank dan income - Others-net” in current year statement
kerugian dari penjualan tersebut dibukukan of profit or loss and other comprehensive
sebagai bagian dari “Pendapatan income.
operasional lainnya - Lain-lain-neto” pada
laporan laba rugi dan penghasilan
komprehensif lain di tahun berjalan.
Kredit tersebut dijual dengan skema jual The loans were sold with true sales scheme
putus dengan pengalihan hak atas kredit with the transfer of Rights on the sold loans
yang dijual berlaku efektif pada tanggal become effective on 26 August 2022.
26 Agustus 2022.
i. Kredit bermasalah (NPL) pada tanggal i. Non-Performing Loans (NPL) amounting to
31 Desember 2023 dan 2022 masing- Rp2,149,026 and Rp2,480,955 as of
masing sebesar Rp2.149.026 dan 31 December 2023 and 2022, respectively.
Rp2.480.955.
Rasio NPL kotor pada tanggal 31 Desember Gross NPL ratio as of 31 December 2023 and
2023 dan 2022 masing-masing sebesar 2022 represents 2.58% and 2.98% of the total
2,58% dan 2,98% dari total kredit yang loans, respectively, whereas net NPL ratio
diberikan, sedangkan rasio NPL neto represents 1.39% and 1.73% of the total loans,
masing-masing sebesar 1,39% dan 1,73% respectively. Net NPL ratio is calculated in
dari jumlah kredit yang diberikan. Rasio NPL accordance with Bank Indonesia Regulation
neto dihitung sesuai dengan peraturan Bank No. 15/2/PBI/2013 dated 20 May 2013, that
Indonesia No. 15/2/PBI/2013 tanggal 20 Mei the maximum net NPL ratio is 5% of the
2013, dimana rasio kredit bermasalah bank commercial bank’s total loans.
umum secara neto adalah maksimal sebesar
5% dari jumlah kredit yang diberikan.
98
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
j. Perubahan nilai tercatat bruto atas kredit j. Movements in the gross carrying amount of
yang diberikan adalah sebagai berikut: loans are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 63.066.001 9.111.114 2.627.731 74.804.846 31 December 2021
Aset baru 49.166.040 3.208.883 1.875.791 54.250.714 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (33.750.889) (4.587.463) (1.135.311) (39.473.663) (excluding write-offs)
Transfer ke Tahap 1 956.234 (951.920) (4.314) - Transfers to Stage 1
Transfer ke Tahap 2 (2.091.873) 2.106.492 (14.619) - Transfers to Stage 2
Transfer ke Tahap 3 (26.060) (69.377) 95.437 - Transfers to Stage 3
Pengukuran kembali (2.170.290) (913.325) (24.565) (3.108.180) Remeasurement
Penghapusbukuan - - (816.854) (816.854) Bad debts written-off
Penghapusbukuan
terkait penjualan kredit Bad debts written-off
yang diberikan - - (122.341) (122.341) of sale of loans
31 Desember 2022 75.149.163 7.904.404 2.480.955 85.534.522 31 December 2022
Aset baru 26.606.185 409.258 860.000 27.875.443 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (21.084.943) (1.422.483) (191.709) (22.699.135) (excluding write-offs)
Transfer ke Tahap 1 1.305.008 (983.367) (321.641) - Transfers to Stage 1
Transfer ke Tahap 2 (2.015.473) 2.030.201 (14.728) - Transfers to Stage 2
Transfer ke Tahap 3 (107.886) (731.494) 839.380 - Transfers to Stage 3
Pengukuran kembali (4.812.467) (372.527) (35.684) (5.220.678) Remeasurement
Penghapusbukuan - - (1.467.547) (1.467.547) Bad debts written-off
31 Desember 2023 75.039.587 6.833.992 2.149.026 84.022.605 31 December 2023
k. Perubahan cadangan kerugian penurunan k. The movements in the allowance for
nilai atas kredit yang diberikan adalah impairment losses of loans are as follows:
sebagai berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 604.063 2.034.810 968.019 3.606.892 31 December 2021
Aset baru 220.138 1.018.946 896.735 2.135.819 New assets originated
Aset dihentikan
pengakuannya Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (624.143) (1.021.525) 187.045 (1.458.623) (excluding write-offs)
Transfer ke Tahap 1 71.996 (71.508) (488) - Transfers to Stage 1
Transfer ke Tahap 2 (91.525) 91.875 (350) - Transfers to Stage 2
Transfer ke Tahap 3 (537) (9.252) 9.789 - Transfers to Stage 3
Pengukuran kembali 396.788 390.090 (360.454) 426.424 Remeasurement
Penghapusbukuan - - (816.854) (816.854) Bad debts written-off
Penghapusbukuan
terkait penjualan kredit Bad debts written-off
yang diberikan - - (122.341) (122.341) of sale of loans
Penerimaan kembali atas
aset keuangan yang
telah dihapusbukukan - - 266.178 266.178 Bad debts recoveris
Perubahan di: Changes in:
- Valuta asing - - 13.289 13.289 - Foreign exchange
- Parameter (126.150) 311.317 - 185.167 - Parameter
31 Desember 2022 450.630 2.744.753 1.040.568 4.235.951 31 December 2022
99
Page 474
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
k. Perubahan cadangan kerugian penurunan k. The movements in the allowance for
nilai atas kredit yang diberikan adalah impairment losses of loans are as follows:
sebagai berikut: (lanjutan) (continued)
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2022 450.630 2.744.753 1.040.568 4.235.951 31 December 2022
Aset baru 315.266 785.012 174.663 1.274.941 New assets originated
Aset dihentikan
pengakuan Assets derecognized
atau dilunasi or repaid
(kecuali hapus buku) (141.696) (913.550) 586.749 (468.497) (excluding write-offs)
Transfer ke Tahap 1 164.778 (160.529) (4.249) - Transfers to Stage 1
Transfer ke Tahap 2 (15.635) 16.617 (982) - Transfers to Stage 2
Transfer ke Tahap 3 (2.508) (401.382) 403.890 - Transfers to Stage 3
Pengukuran kembali (224.164) 503.889 (127.587) 152.138 Remeasurement
Penghapusbukuan - - (1.467.547) (1.467.547) Bad debts written-off
Penerimaan kembali atas
aset keuangan yang
telah dihapusbukukan - - 384.191 384.191 Bad debts recoveries
Perubahan di: Changes in:
- Valuta asing - - (414) (414) - Foreign exchange
31 Desember 2023 546.671 2.574.810 989.282 4.110.763 31 December 2023
Manajemen Bank berkeyakinan bahwa The Bank’s management believes that the
jumlah cadangan kerugian penurunan nilai allowance for impairment losses of loans is
adalah cukup untuk menutup kemungkinan adequate to cover any possible losses on
kerugian atas tidak tertagihnya kredit yang uncollectible loans.
diberikan.
l. Keikutsertaan Bank sebagai anggota l. The participation of the Bank as a member of
sindikasi terhadap jumlah seluruh kredit a syndicated loans in the total syndicated
sindikasi yang diberikan berkisar antara loans ranged from 2.50% to 55.00% as of
2,50% sampai dengan 55,00% pada tanggal 31 December 2023 and 2022.
31 Desember 2023 dan 2022.
m. Rasio kredit usaha kecil terhadap jumlah m. The ratio of loans to small businesses to the
kredit yang diberikan adalah sebesar 0,34% total loans is 0.34% and 0.24% as of
dan 0,24% masing-masing pada tanggal 31 December 2023 and 2022, respectively.
31 Desember 2023 dan 2022.
100
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Kredit yang Diberikan (lanjutan) 11. Loans (continued)
Berikut ini adalah informasi signifikan lainnya The other significant information relating to loans
sehubungan dengan kredit yang diberikan: are as follows: (continued)
(lanjutan)
n. Bank telah melakukan restrukturisasi kredit n. The Bank has restructured credit for debtors
untuk debitur yang terdampak pandemi affected by the Covid-19 pandemic in
Covid-19 sesuai dengan POJK accordance with POJK No. 11/POJK.03/2020
No. 11/POJK.03/2020 “Stimulus “National Economic stimulus as
Perekonomian Nasional sebagai kebijakan countercyclical policy in the impact of the
countercyclical dampak penyebaran Corona spread of Coronavirus Disease 2019 dated
Virus Disease 2019” tertanggal 13 Maret 13 March 2020 which was updated by POJK
2020 yang telah diperbaharui beberapa kali No. 48/POJK.03/2020 “First Changes in POJK
dengan POJK No.48/POJK.03/2020 No. 11/POJK.03/2020” dated 1 December
“Perubahan Pertama Atas POJK 2020 and POJK No. 17/POJK.03/2021
No.11/POJK.03/2020” tertanggal “Second Changes in POJK No.
1 Desember 2020 dan POJK 11/POJK.03/2020” dated 10 September 2021,
No. 17/POJK.03/2021 “Perubahan Kedua also Press Release OJK No. SP
Atas POJK No.11/POJK.03/2020” tertanggal 85/DHMS/OJK/XI/2022 dated 28 November
10 September 2021 serta Siaran Pers OJK 2022 regarding extension of targeted and
No. SP 85/DHMS/OJK/XI/2022 tertanggal sectoral credit and financing restructuring
28 November 2022 tentang Perpanjangan policies due to the continued impact of the
Kebijakan Restrukturisasi Kredit dan Covid - 19 pandemic. As of 31 December 2023
Pembiayaan Secara Targeted dan Sektoral and 2022, Covid-19 restructured loan balance
Atasi Dampak Lanjutan Pandemi Covid-19. amounted to Rp1,607,880 and Rp6,974,437,
Pada tanggal 31 Desember 2023 dan 2022, respectively.
kredit restrukturisasi Covid-19 masing-
masing sebesar Rp1.607.880 dan
Rp6.974.437.
o. Pada tanggal 31 Desember 2023 dan 2022, o. As of 31 December 2023 and 2022, the Bank
Bank telah mematuhi ketentuan Batas is in compliance with the legal lending limit
Maksimum Pemberian Kredit (BMPK), baik (BMPK) regulations, both for the related and
terhadap pihak-pihak berelasi maupun non-related party borrowers.
kepada pihak yang tidak berelasi.
p. Pinjaman yang diberikan dinyatakan tidak p. Loans is declared uncollectible so that it will be
tertagih sehingga akan dihapusbukukan written-off if there is a prolonged legal case,
apabila terdapat kasus hukum yang thus preventing the Bank from collecting,
berkepanjangan, sehingga menghalangi and/or making other alternative legal remedies
Bank untuk melakukan penagihan, dan/atau to the debtor and/or its assets.
melakukan upaya hukum alternatif lainnya
kepada debitur dan/atau aset-asetnya.
Dalam hal ini, Bank telah melakukan upaya- In this case, the Bank has performed
upaya penagihan secara maksimal, tetapi maximum effort to collect, but has no
tidak terdapat kemungkinan pengembalian possibility of collection from debtors.
kredit dari debitur.
101
Page 476
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan atas Surat Berharga yang Dibeli 12. Receivables on Securities Purchased with
dengan Janji Dijual Kembali Agreements to Resell
Tagihan atas surat berharga yang dibeli dengan Receivables on securities purchased with
janji dijual kembali pada tanggal 31 Desember agreements to resell as of 31 December 2023
2023 terdiri dari: consist of:
Jenis obligasi
Nilai Nilai Nilai
pemerintah/ Tanggal Jatuh Nilai beli/
Nasabah/ nominal/ penjualan/ tercatat/
Type of dimulai/ tempo/ Purchase
Counterparty Nominal Resale Carrying
government Start date Due date amount
amount amount value
bonds
Diukur pada nilai wajar At fair value through
melalui laba rugi profit or loss
PT Bank Mandiri 5 Sep 23/ 4 Sep 26/
(Persero) Tbk FR0091 1.654.050 5 Sep 23 4 Sep 26 1.539.691 1.571.293 1.582.077
Diukur pada nilai perolehan
yang diamortisasi At amortised cost
17 Feb 23/ 16 Feb 24/
Bank Indonesia VR0049 3.841.000 17 Feb 23 16 Feb 24 3.574.645 3.816.431 3.785.875
24 Feb 23/ 23 Feb 24/
Bank Indonesia VR0094 3.000.000 24 Feb 23 23 Feb 24 2.804.100 2.993.967 2.966.322
18 Ags 23/ 16 Ags 24/
Bank Indonesia VR0063 2.500.000 18 Aug 23 16 Aug 24 2.401.952 2.557.822 2.460.189
4 Ags 23/ 2 Ags 24/
Bank Indonesia VR0071 2.300.000 4 Aug 23 2 Aug 24 2.196.648 2.338.892 2.255.265
24 Mar 23/ 22 Mar 24/
Bank Indonesia VR0046 1.100.000 24 Mar 23 22 Mar 24 1.058.545 1.128.213 1.112.710
27 Jan 23/ 26 Jan 24/
Bank Indonesia VR0070 1.000.000 27 Jan 23 26 Jan 24 954.047 1.018.293 1.013.880
28 Apr 23/ 26 Jan 24/
Bank Indonesia VR0061 1.000.000 28 Apr 23 26 Jan 24 936.428 982.551 978.327
10 Mar 23/ 17 Mei 24/
Bank Indonesia VR0084 1.000.000 10 Mar 23 17 May 24 926.300 989.080 977.524
14 Apr 23/ 12 Jan 24/
Bank Indonesia VR0068 1.000.000 14 Apr 23 12 Jan 24 932.044 977.951 976.101
5 Mei 23/ 3 Mei 24/
Bank Indonesia VR0073 1.000.000 5 May 23 3 May 24 930.473 991.673 970.993
28 Apr 23/ 26 Apr 24/
Bank Indonesia VR0077 1.000.000 28 Apr 23 26 Apr 24 928.831 989.942 970.467
14 Jul 23/ 12 Jul 24/
Bank Indonesia VR0072 1.000.000 14 Jul 23 12 Jul 24 926.140 986.118 954.317
12 Mei 23/ 13 Mei 24/
Bank Indonesia VR0081 500.000 12 May 23 13 May 24 469.247 500.341 489.073
14 Apr 23/ 23 Feb 24/
Bank Indonesia VR0085 500.000 14 Apr 23 23 Feb 24 466.561 497.562 488.632
19 Mei 23/ 17 Mei 24/
Bank Indonesia VR0094 300.000 19 May 23 17 May 24 279.987 298.388 291.462
20 Jan 23/ 19 Jan 24/
Bank Indonesia VR0073 250.000 20 Jan 23 19 Jan 24 250.000 247.728 246.951
17 Feb 23/ 16 Feb 24/
149.254 159.366 158.088
Bank Indonesia VR0080 159.000 17 Feb 23 16 Feb 24
Subtotal/Subtotal 21.450.000 20.185.202 21.474.318 21.096.176
Total 23.104.050 21.724.893 23.045.611 22.678.253
102
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan atas Surat Berharga yang Dibeli 12. Receivables on Securities Purchased with
dengan Janji Dijual Kembali (lanjutan) Agreements to Resell (continued)
Pada tanggal 31 Desember 2023, suku bunga As of 31 December 2022, the effective interest rate
efektif untuk tagihan atas surat berharga yang for receivables on securities purchased with
dibeli dengan janji dijual kembali berkisar antara agreements to resell ranged between 6.25% -
6,25% - 6,80% untuk mata uang Rupiah. 6.80% for Rupiah.
Tagihan atas surat berharga yang dibeli dengan Receivables on securities purchased with
janji dijual kembali pada tanggal 31 Desember agreements to resell as of 31 December 2022
2022 terdiri dari: consist of:
Jenis obligasi
Nilai Nilai Nilai
pemerintah/ Tanggal Jatuh Nilai beli/
Nasabah/ nominal/ penjualan/ tercatat/
Type of dimulai/ tempo/ Purchase
Counterparty Nominal Resale Carrying
government Start date Due date amount
amount amount value
bonds
Diukur pada nilai wajar At fair value through
melalui laba rugi profit or loss
PT Bank Mandiri 9 Ags 22/ 25 Jul 23/
(Persero) Tbk FR0091 858.716 9 Aug 22 25 Jul 23 778.385 804.493 781.933
PT Bank Mandiri 10 Ags 22/ 26 Jul 23/
(Persero) Tbk FR0091 858.551 10 Aug 22 26 Jul 23 778.376 804.484 781.811
18 Okt 22/ 9 Okt 23/
PT PPA Persero FR0091 300.000 18 Oct 22 9 Oct 23 252.052 268.228 254.694
Subtotal/Subtotal 2.017.267 1.808.813 1.877.205 1.818.438
Diukur pada nilai perolehan
yang diamortisasi At amortised cost
30 Des 22/ 6 Jan 23/
Bank Indonesia VR0054 600.000 30 Dec 22 6 Jan 23 573.248 573.861 573.423
30 Des 22/ 13 Jan 23/
Bank Indonesia VR0036 500.000 30 Dec 22 13 Jan 23 478.270 479.343 478.423
Subtotal/Subtotal 1.100.000 1.051.518 1.053.204 1.051.846
Total 3.117.267 2.860.331 2.930.409 2.870.284
Pada tanggal 31 Desember 2022, suku bunga As of 31 December 2022, the effective interest rate
efektif untuk tagihan atas surat berharga yang for receivables on securities purchased with
dibeli dengan janji dijual kembali berkisar antara agreements to resell ranged between 5.50% -
5,50% - 6,49% untuk mata uang Rupiah dan 6.49% for Rupiah and 3.45% for foreign currency.
sebesar 3,45% untuk mata uang asing.
Berdasarkan kolektibilitas, seluruh tagihan atas By collectability, all receivables on securities
surat berharga yang dibeli dengan janji dijual purchased with agreements to resell as of
kembali pada tanggal 31 Desember 2023 dan 31 December 2023 and 2022 are classified as
2022 diklasifikasikan lancar. current.
103
Page 478
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan atas Surat Berharga yang Dibeli 12. Receivables on Securities Purchased with
dengan Janji Dijual Kembali (lanjutan) Agreements to Resell (continued)
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are as
berikut: follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat awal Initial carrying amount
31 Desember 2021 15.546.305 - - 15.546.305 31 December 2021
Aset baru 2.870.284 - - 2.870.284 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (15.546.305) - - (15.546.305) repaid (excluding write-offs)
31 Desember 2022 2.870.284 - - 2.870.284 31 December 2022
Aset baru 22.678.253 - - 22.678.253 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (2.870.284) - - (2.870.284) repaid (excluding write-offs)
31 Desember 2023 22.678.253 - - 22.678.253 31 December 2023
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 6.352 - - 6.352 31 December 2021
Aset baru New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (6.352) - - (6.352) repaid (excluding write-offs)
31 Desember 2022 - - - - 31 December 2022
Aset baru - - - - New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) - - - - repaid (excluding write-offs)
31 Desember 2023 - - - - 31 December 2023
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai adalah cukup allowance for impairment losses is adequate to
untuk menutup kemungkinan kerugian penurunan cover possible impairment losses from
nilai atas tidak tertagihnya tagihan atas surat uncollectible receivables on securities purchased
berharga yang dibeli dengan janji dijual kembali. with agreements to resell.
104
Page 479
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan dan Liabilitas Akseptasi 13. Acceptance Receivables and Payables
Tagihan dan liabilitas akseptasi merupakan Acceptance receivables and payables represent
akseptasi wesel impor atas dasar letters of credit acceptances arising from import bills, supported by
berjangka yang berasal dari nasabah pihak ketiga letters of credit, which are received from third party
dengan rincian berdasarkan: customers, with details as follows:
1. Mata uang 1. Type of currency
a. Tagihan akseptasi a. Acceptance receivables
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Dolar Amerika Serikat 2.060.237 2.103.257 United States Dollar
Rupiah 214.522 1.220.957 Indonesian Rupiah
Euro Eropa 148.201 214.070 European Euro
Yen Jepang 35.116 42.355 Japanese Yen
Yuan China Renminbi 20.453 71.653 Chinese Yuan Renminbi
Yuan China 18.442 22.071 Chinese Yuan
Dolar Singapura 11.143 5.423 Singapore Dollar
Krona Swedia - 7.290 Swedish Krona
Total 2.508.114 3.687.076 Total
Cadangan kerugian
penurunan nilai (9.448) (3.877) Allowance for impairment losses
Neto 2.498.666 3.683.199 Net
b. Liabilitas akseptasi b. Acceptance payables
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Dolar Amerika Serikat 2.013.861 2.024.219 United States Dollar
Rupiah 185.580 875.559 Rupiah
Euro Eropa 141.062 214.070 European Euro
Yen Jepang 35.116 42.355 JapaneseYen
Yuan China Renminbi 20.453 71.653 Chinese Yuan Renminbi
Dolar Singapura 11.143 5.423 Singapore Dollar
Yuan China 4.966 11.083 Chinese Yuan
Krona Swedia - 7.290 Swedish Krona
Total 2.412.181 3.251.652 Total
2. Jangka waktu 2. Period
a. Tagihan akseptasi a. Acceptance receivables
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
≤ 1 bulan 21.427 19.085 ≤ 1 month
> 1 bulan ≤ 3 bulan 88.803 538.742 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 104.292 385.000 > 3 months ≤ 6 months
> 6 bulan - 278.130 > 6 months
214.522 1.220.957
105
Page 480
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan dan Liabilitas Akseptasi (lanjutan) 13. Acceptance Receivables and Payables
(continued)
Tagihan dan liabilitas akseptasi merupakan Acceptance receivables and payables represent
akseptasi wesel impor atas dasar letters of credit acceptances arising from import bills, supported by
berjangka yang berasal dari nasabah pihak ketiga letters of credit, which are received from third party
dengan rincian berdasarkan: (lanjutan) customers, with details as follows: (continued)
2. Jangka waktu (lanjutan) 2. Period (continued)
a. Tagihan akseptasi (lanjutan) a. Acceptance receivables (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Mata uang asing Foreign currencies
≤ 1 bulan 44.309 12.991 ≤ 1 month
> 1 bulan ≤ 3 bulan 250.782 365.253 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 1.595.260 1.560.790 > 3 months ≤ 6 months
> 6 bulan 403.241 527.085 > 6 months
2.293.592 2.466.119
Total 2.508.114 3.687.076 Total
Cadangan kerugian
penurunan nilai (9.448) (3.877) Allowance for impairment losses
Neto 2.498.666 3.683.199 Net
b. Liabilitas akseptasi b. Acceptance payables
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
≤ 1 bulan 4.909 4.236 ≤ 1 month
> 1 bulan ≤ 3 bulan 84.791 537.071 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 95.880 322.882 > 3 months ≤ 6 months
> 6 bulan - 11.370 > 6 months
185.580 875.559
Mata uang asing Foreign currencies
≤ 1 bulan 44.309 12.992 ≤ 1 month
> 1 bulan ≤ 3 bulan 227.595 365.253 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 1.565.304 1.471.374 > 3 months ≤ 6 months
> 6 bulan 389.393 526.474 > 6 months
2.226.601 2.376.093
Total 2.412.181 3.251.652 Total
106
Page 481
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan dan Liabilitas Akseptasi (lanjutan) 13. Acceptance Receivables and Payables
(continued)
Tagihan dan liabilitas akseptasi merupakan Acceptance receivables and payables represent
akseptasi wesel impor atas dasar letters of credit acceptances arising from import bills, supported by
berjangka yang berasal dari nasabah pihak ketiga letters of credit, which are received from third party
dengan rincian berdasarkan: (lanjutan) customers, with details as follows: (continued)
3. Kolektibilitas menurut Peraturan Bank 3. Collectability based on Bank Indonesia
Indonesia Regulation
Tagihan akseptasi Acceptance receivables
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
Lancar 214.522 1.220.957 Current
Mata uang asing Foreign currencies
Lancar 2.293.592 2.466.119 Current
Total 2.508.114 3.687.076 Total
Cadangan kerugian
penurunan nilai (9.448) (3.877) Allowance for impairment losses
Neto 2.498.666 3.683.199 Net
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying are as follows:
berikut:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 2.639.794 113.603 49.851 2.803.248 31 December 2021
Aset baru 3.514.711 159.232 - 3.673.943 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (2.625.997) (113.602) (49.851) (2.789.450) repaid (excluding write-offs)
Pengukuran kembali (665) - - (665) Remeasurement
31 Desember 2022 3.527.843 159.233 - 3.687.076 31 December 2022
Aset baru 2.418.757 81.202 - 2.499.959 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (3.519.020) (159.232) - (3.678.252) repaid (excluding write-offs)
Pengukuran kembali (669) - - (669) Remeasurement
31 Desember 2023 2.426.911 81.203 - 2.508.114 31 December 2023
107
Page 482
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tagihan dan Liabilitas Akseptasi (lanjutan) 13. Acceptance Receivables and Payables
(continued)
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
Saldo awal Beginning balance
31 Desember 2021 166 430 49.851 50.447 31 December 2021
Aset baru 150 3.726 - 3.876 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (166) (430) (49.851) (50.447) repaid (excluding write-offs)
Pengukuran kembali (7) (160) - (167) Remeasurement
Perubahan pada: Changes in:
- Parameter 8 160 - 168 Parameter -
31 Desember 2022 151 3.726 - 3.877 31 December 2022
Aset baru 98 9.350 - 9.448 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (151) (3.726) - (3.877) repaid (excluding write-offs)
Pengukuran kembali - - - - Remeasurement
Perubahan pada: Changes in:
- Parameter - - - - Parameter -
31 Desember 2023 98 9.350 - 9.448 31 December 2023
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai yang allowance for impairment losses as of
dibentuk pada tanggal 31 Desember 2023 dan 31 December 2023 and 2022 is adequate to cover
2022, adalah cukup untuk menutup kemungkinan any possible losses on uncollectible acceptance
kerugian atas tidak tertagihnya tagihan akseptasi. receivables.
14. Aset Tetap dan Aset Hak Guna 14. Fixed Assets and Right-of-Use Assets
Akun ini terdiri dari: This account consists of:
Perubahan selama satu tahun/
Changes during the year
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
31 Desember 2023 balance and reclassification and reclassification balance 31 December 2023
Biaya perolehan Cost
Tanah 116.530 - 1.170 115.360 Land
Bangunan 535.662 - 2.173 533.489 Buildings
Prasarana dan Infrastructure and
peralatan kantor 2.238.755 1.146.883 92.455 3.293.183 office equipments
Kendaraan 8.908 - 108 8.800 Vehicles
Aset dalam proses
pembangunan 230.103 620.953 231.584 619.472 Construction in progress
Total biaya perolehan Total cost of
aset tetap 3.129.958 1.767.836 327.490 4.570.304 fixed assets
Aset hak guna 208.078 172.832 63.890 317.020 Right-of-use assets
Total biaya perolehan Total cost of
aset tetap dan fixed assets and
aset hak guna 3.338.036 1.940.668 391.380 4.887.324 right-of-use assets
108
Page 483
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
14. Aset Tetap dan Aset Hak Guna (lanjutan) 14. Fixed Assets and Right-of-Use Assets
(continued)
Akun ini terdiri dari: (lanjutan) This account consists of: (continued)
Perubahan selama satu tahun/
Changes during the year
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
31 Desember 2023 balance and reclassification and reclassification balance 31 December 2023
Akumulasi penyusutan Accumulated depreciation
Bangunan 386.073 23.573 2.173 407.473 Buildings
Prasarana dan Infrastructure and
peralatan kantor 1.444.306 346.423 91.042 1.699.687 office equipments
Kendaraan 8.908 - 108 8.800 Vehicles
1.839.287 369.996 93.323 2.115.960
Aset hak guna 90.722 59.372 63.502 86.592 Right-of-use assets
Total akumulasi penyusutan 1.930.009 429.368 156.825 2.202.552 Total accumulated depreciation
Nilai buku - neto 1.408.027 2.684.772 Book value - net
Perubahan selama satu tahun/
Changes during the year
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
31 Desember 2022 balance and reclassification and reclassification balance 31 December 2022
Biaya perolehan Cost
Tanah 127.057 - 10.527 116.530 Land
Bangunan 546.841 - 11.179 535.662 Buildings
Prasarana dan Infrastructure and
peralatan kantor 2.185.767 312.161 259.173 2.238.755 office equipments
Kendaraan 9.393 - 485 8.908 Vehicles
Aset dalam proses
pembangunan 109.481 273.080 152.458 230.103 Construction in progress
Total biaya perolehan Total cost of
aset tetap 2.978.539 585.241 433.822 3.129.958 fixed assets
Aset hak guna 189.985 71.537 53.444 208.078 Right-of-use assets
Total biaya perolehan Total cost of
aset tetap dan fixed assets and
aset hak guna 3.168.524 656.778 487.266 3.338.036 right-of-use assets
Akumulasi penyusutan Accumulated depreciation
Bangunan 372.552 24.292 10.771 386.073 Buildings
Prasarana dan Infrastructure and
peralatan kantor 1.463.957 236.456 256.107 1.444.306 office equipments
Kendaraan 9.393 - 485 8.908 Vehicles
1.845.902 260.748 267.363 1.839.287
Aset hak guna 89.439 50.410 49.127 90.722 Right-of-use assets
Total akumulasi penyusutan 1.935.341 311.158 316.490 1.930.009 Total accumulated depreciation
Nilai buku - neto 1.233.183 1.408.027 Book value - net
109
Page 484
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
14. Aset Tetap dan Aset Hak Guna (lanjutan) 14. Fixed Assets and Right-of-Use Assets
(continued)
Rincian aset dalam proses pembangunan beserta The details of the construction in progress with the
persentase penyelesaian terhadap nilai kontrak percentage of completion of the contract values are
adalah sebagai berikut: as follows:
31 Desember/31 December 2023
Persentase Akumulasi Estimasi
penyelesaian/ biaya/ penyelesaian/
Percentage of Accumulated Estimated of
completion cost completion
Prasarana 55% 49.432 2024 Infrastructure
Peralatan kantor 41% 570.040 2024 Office equipment
619.472
31 Desember/31 December 2022
Persentase Akumulasi Estimasi
penyelesaian/ biaya/ penyelesaian/
Percentage of Accumulated Estimated of
completion cost completion
Prasarana 50% 4.487 2023 Infrastructure
Peralatan kantor 39% 225.616 2023 Office equipment
230.103
Seluruh aset tetap yang dimiliki oleh Bank berasal All fixed assets owned by the Bank are from direct
dari kepemilikan langsung. ownership.
Nilai tercatat bruto dari aset tetap yang telah Gross carrying amount of fixed assets which were
disusutkan penuh dan masih digunakan adalah fully depreciated and still used are as follows
sebagai berikut (tidak diaudit): (unaudited):
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Bangunan 63.374 65.455 Buildings
Prasarana dan peralatan kantor 853.601 676.052 Infrastructure and office equipment
Kendaraan 8.800 8.908 Vehicles
Total 925.775 750.415 Total
Rekonsiliasi penambahan aset tetap yang Reconciliations of addition to fixed assets which
berasal dari pembelian dan reklasifikasi adalah comes from purchase and reclassification are as
sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Penambahan melalui pembelian Addition through purchase of
aset tetap 1.464.983 432.783 fixed assets
Penambahan melalui akuisisi bisnis Addition through consumer banking business
consumer banking Citi 71.269 - acquisition of Citi
Penambahan aset tetap melalui Addition of fixed assets
reklasifikasi aset dalam through reclassification of
proses pembangunan 231.584 152.458 construction in progress
Penambahan aset hak guna 172.832 71.537 Addition of right-of-use assets
Total 1.940.668 656.778 Total
110
Page 485
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
14. Aset Tetap dan Aset Hak Guna (lanjutan) 14. Fixed Assets and Right-of-Use Assets
(continued)
Rekonsiliasi pengurangan aset tetap yang Reconciliations of deduction to fixed assets which
berasal dari penjualan dan reklasifikasi adalah comes from disposal and reclassification are as
sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Pengurangan melalui penjualan Deduction through sale of
aset tetap 25.920 14.156 fixed assets
Penghapusan aset tetap 66.643 247.480 Write-off of fixed assets
Pengurangan aset dalam proses
pembangunan melalui Deduction of construction in progress
reklasifikasi aset tetap 231.584 152.458 through reclassification
Pengurangan aset hak guna 63.890 53.444 Deduction of right-of-use assets
Reklasifikasi ke properti terbengkalai 3.343 19.728 Reclassification to abandoned property
Total 391.380 487.266 Total
Penyusutan yang dibebankan pada laporan laba Depreciation charged to statement of profit or loss
rugi dan penghasilan komprehensif lain masing- and other comprehensive income amounted to
masing sebesar Rp429.368 dan Rp311.158 untuk Rp429,368 and Rp311,158 for the years ended
tahun yang berakhir pada tanggal 31 Desember 31 December 2023 and 2022, respectively
2023 dan 2022 (Catatan 30). (Note 30).
Manajemen Bank juga berpendapat bahwa tidak The Bank’s management believes that there is no
terdapat penurunan nilai atas aset tetap tersebut impairment that should be recorded in value of the
yang harus dicatat pada tanggal 31 Desember aforementioned fixed assets as of 31 December
2023 dan 2022. 2023 and 2022.
Seluruh aset tetap (kecuali tanah) diasuransikan All fixed assets (except land) are covered by
terhadap risiko kebakaran dan risiko lainnya insurance against fire and other risks under blanket
berdasarkan paket polis tertentu kepada policies with the Bank’s third party insurance
perusahaan asuransi pihak ketiga Bank yaitu company which is PT Zurich Asuransi Indonesia,
PT Zurich Asuransi Indonesia, Tbk dengan nilai Tbk with sum insured amounting to Rp1,895,619
pertanggungan sebesar Rp1.895.619 dan and Rp1,936,356 as of 31 December 2023 and
Rp1.936.356 masing-masing pada tanggal 2022, respectively. The Bank’s management
31 Desember 2023 dan 2022. Manajemen Bank believes that insurance coverage is adequate to
berkeyakinan bahwa nilai pertanggungan cover possible losses arising from such risks.
asuransi telah mencukupi untuk menutupi
kemungkinan kerugian dari risiko yang ada.
Hasil penjualan aset tetap adalah masing-masing The proceeds from the sale of fixed assets
sebesar Rp4.926 dan Rp15.834 untuk tahun yang amounted to Rp4,926 and Rp15,834 for the years
berakhir pada tanggal 31 Desember 2023 dan ended 31 December 2023 and 2022, respectively
2022.
Nilai buku aset tetap yang dijual adalah masing- Book value from the sale of fixed assets amounted
masing sebesar Rp927 dan Rp2.950 untuk tahun to Rp927 and Rp2,950 for the years ended
yang berakhir pada tanggal 31 Desember 2023 31 December 2023 and 2022, respectively.
dan 2022.
Keuntungan atas penjualan aset tetap masing- The related profit on sales of fixed assets of
masing sebesar Rp3.999 dan Rp12.884 untuk Rp3,999 and Rp12,884 for the years ended
tahun yang berakhir pada tanggal 31 December 2023 and 2022, respectively are
31 Desember 2023 dan 2022 dibukukan sebagai presented as part of “Non-operating income - gain
bagian dari “Pendapatan non-operasional- on sale of fixed assets and abandoned properties -
keuntungan penjualan aset tetap dan properti net” during the year.
terbengkalai - neto” selama tahun berjalan.
111
Page 486
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
14. Aset Tetap dan Aset Hak Guna (lanjutan) 14. Fixed Assets and Right-of-Use Assets
(continued)
Aset hak guna pada tanggal 31 Desember 2023 Right-of-use assets as of 31 December 2023 as
adalah sebagai berikut: follows:
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
balance and reclassification and reclassification balance
Biaya perolehan Cost
Bangunan 155.622 166.400 18.899 303.123 Buildings
Kendaraan 52.456 6.432 44.991 13.897 Vehicles
Total biaya perolehan 208.078 172.832 63.890 317.020 Total cost
Akumulasi penyusutan Accumulated depreciation
Bangunan 53.878 47.244 18.659 82.463 Buildings
Kendaraan 36.844 12.128 44.843 4.129 Vehicles
Total akumulasi penyusutan 90.722 59.372 63.502 86.592 Total accumulated depreciation
Nilai buku - neto 117.356 230.428 Book value - net
Aset hak guna pada tanggal 31 Desember 2022 Right-of-use assets as of 31 December 2022 as
adalah sebagai berikut: follows:
Penambahan Pengurangan
Saldo awal/ dan reklasifikasi/ dan reklasifikasi/ Saldo akhir/
Beginning Additions Deductions Ending
balance and reclassification and reclassification balance
Biaya perolehan Cost
Bangunan 139.038 67.247 50.663 155.622 Buildings
Kendaraan 50.947 4.290 2.781 52.456 Vehicles
Total biaya perolehan 189.985 71.537 53.444 208.078 Total cost
Akumulasi penyusutan Accumulated depreciation
Bangunan 63.323 37.294 46.739 53.878 Buildings
Kendaraan 26.116 13.116 2.388 36.844 Vehicles
Total akumulasi penyusutan 89.439 50.410 49.127 90.722 Total accumulated depreciation
Nilai buku - neto 100.546 117.356 Book value - net
Bank menyewa beberapa aset termasuk gedung The Bank had rent a number of assets including
kantor, rumah dinas, kendaraan dan lain-lain. offices, official houses, vehicles and others.
Bank menyewa beberapa aset termasuk The Bank leases several assets including buildings
bangunan dengan jangka waktu sewa 2-10 tahun with lease term of 2-10 years and car with lease
dan kendaraan mobil dengan jangka waktu sewa terms of 2-4 years.
2-4 tahun.
Bank mempunyai sewa tertentu dengan masa The Bank also has certain leases with lease terms
sewa 12 bulan atau kurang dan sewa bernilai of 12 months or less and low value assets. The
rendah. Bank menerapkan pengecualian Bank applies the recognition exemptions of short-
pengakuan sewa jangka pendek dan sewa term leases and low-value assets for these leases.
bernilai rendah untuk sewa tersebut.
112
Page 487
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Aset Lain-lain 15. Other Assets
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Piutang bunga 980.544 1.065.029 Interest receivables
Term Deposit Valas Term Deposit
hasil ekspor (TD Valas DHE SDA) with Bank Indonesia
Bank Indonesia 739.056 - in foreign currency from DHE SDA
Biaya dibayar di muka 197.791 120.077 Prepaid expense
Agunan yang diambil alih Foreclosed assets
(setelah dikurangi cadangan (net of allowance for decline
penurunan nilai masing-masing sebesa r in value of Rp28,691 and Rp28,709
Rp28.691 dan Rp28.709 pada tanggal as of 31 December 2023 and
31 Desember 2023 dan 2022) 157.602 174.021 2022, respectively)
ATM bersama 75.756 114.897 ATM Bersama
Uang muka 45.527 41.514 Advances
Properti terbengkalai 28.689 28.012 Abandoned property
Setoran jaminan 2.819 2.865 Security deposits
Lain-lain 422.493 318.383 Others
Neto 2.650.277 1.864.798 Net
Ikhtisar perubahan cadangan kerugian The changes in the allowance for the decline in
penurunan nilai agunan yang diambil alih adalah value of foreclosed assets are as follows:
sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Saldo awal tahun 28.709 29.668 Beginning balance
Pemulihan selama tahun berjalan (18) (959) Reversal during the year
Saldo akhir tahun 28.691 28.709 Ending balance
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that the
cadangan kerugian penurunan nilai atas agunan allowance for the decline in value of foreclosed
yang diambil alih telah memadai dan nilai tercatat assets is adequate and the carrying value of
agunan yang diambil alih tersebut merupakan foreclosed assets is stated at net realizable value.
nilai bersih yang dapat direalisasi.
Manajemen Bank berkeyakinan bahwa jumlah The Bank’s management believes that no
cadangan kerugian penurunan nilai atas properti allowance for the decline in value of abandoned
terbengkalai tidak diperlukan. property is necessary.
Term Deposit Valas Devisa Hasil Ekspor Term Deposits of Foreign Exchange from Export
merupakan suatu instrumen dimana dana devisa Proceeds is an instrument where foreign
hasil ekspor dari rekening khusus eksportir exchange from export proceeds from exporters’
ditempatkan pada Bank Indonesia melalui special account are placed in Bank Indonesia
rekening Bank sesuai mekanisme pasar. through Bank’s accounts in accordance with
market mechanisms.
16. Liabilitas Segera 16. Current Liabilities
Akun ini adalah sebesar Rp475.355 dan This account amounting to Rp475,355 and
Rp192.839 masing-masing pada tanggal Rp192,839 as of 31 December 2023 and 2022
31 Desember 2023 dan 2022 terdiri dari kiriman respectively represents cash remittances/draft
uang/wesel akan dibayar, titipan dana nasabah, payables, customers’ funds, unsettled
transaksi kliring/transfer yang belum diselesaikan clearing/transfer transactions and other short-term
dan liabilitas-liabilitas jangka pendek lainnya. liabilities.
113
Page 488
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Giro 17. Demand Deposits
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 22.212.020 1.319.858 23.531.878 Third parties
Pihak berelasi (Catatan 37) 169.624 - 169.624 Related parties (Note 37)
Total 22.381.644 1.319.858 23.701.502 Total
31 Desember/31 December 2022
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 22.505.752 1.463.527 23.969.279 Third parties
Pihak berelasi (Catatan 37) 197.421 - 197.421 Related parties (Note 37)
Total 22.703.173 1.463.527 24.166.700 Total
Giro dalam mata uang asing terdiri dari Dolar Demand deposits in foreign currencies consist of
Singapura, Dolar Amerika Serikat dan Yuan Singapore Dollar, United States Dollar and Chinese
China Renminbi. Yuan Renminbi.
Suku bunga rata-rata untuk giro adalah sebagai The average interest rates for demand deposits are
berikut: as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 2,69% 1,99% Rupiah
Mata uang asing 0,21% 0,01% Foreign currencies
Pada tanggal 31 Desember 2023 dan 2022, giro As of 31 December 2023 and 2022, demand
yang digunakan sebagai jaminan untuk kredit deposits amounting to Rp655,364 and Rp547,289,
masing-masing sebesar Rp655.364 dan are pledged as collateral for loan facilities. The
Rp547.289. Giro yang dijaminkan ini diblokir pledged demand deposits are blocked throughout
sepanjang jangka waktu fasilitas kredit the loan period (Note 11).
(Catatan 11).
Tidak terdapat kredit kepada pihak berelasi yang There are no loan facilities to related parties which
dijaminkan dengan giro. are secured with demand deposits as collateral.
114
Page 489
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Tabungan 18. Saving Deposits
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 11.908.663 25.466.925 37.375.588 Third parties
Pihak berelasi (Catatan 37) 93.145 17.643 110.788 Related parties (Note 37)
Total 12.001.808 25.484.568 37.486.376 Total
31 Desember/31 December 2022
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 10.056.993 28.460.410 38.517.403 Third parties
Pihak berelasi (Catatan 37) 84.731 45.736 130.467 Related parties (Note 37)
Total 10.141.724 28.506.146 38.647.870 Total
Tabungan dalam mata uang asing terdiri dari Saving deposits in foreign currencies consist of
Pound Sterling Inggris, Euro Eropa, Franc Swiss, Great Britain Pound Sterling, European Euro,
Dolar Australia, Dolar Amerika, Dolar Kanada, Swiss Franc, Australian Dollar, United States
Dolar Selandia Baru, Dolar Singapura, Dolar Dollar, Canadian Dollar, New Zealand Dollar,
Hong Kong, Yen Jepang dan Krona Swedia. Singapore Dollar, Hong Kong Dollar, Japanese Yen
and Swedish Krona.
Suku bunga rata-rata untuk tabungan adalah The average interest rates for saving deposits are
sebagai berikut: as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 1,57% 1,41% Rupiah
Mata uang asing 2,16% 0,41% Foreign currencies
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, saving deposits
tabungan yang diblokir untuk jaminan fasilitas pledged as collateral for loan facilities amounted to
kredit adalah masing-masing sebesar Rp1,063,347 and Rp983,973, respectively (Note
Rp1.063.347 dan Rp983.973 (Catatan 11). 11).
Tidak terdapat kredit kepada pihak berelasi yang There are no loan facilities to related parties which
dijaminkan dengan tabungan. are secured with saving deposits as collateral.
115
Page 490
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Deposito Berjangka 19. Time Deposits
Akun ini terdiri dari: This account consists of:
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 43.970.624 13.951.421 57.922.045 Third parties
Pihak berelasi (Catatan 37) 123.703 48.915 172.618 Related parties (Note 37)
Total 44.094.327 14.000.336 58.094.663 Total
31 Desember/31 December 2022
Mata uang
asing/
Foreign
Rupiah currencies Total
Pihak ketiga 37.675.027 13.295.664 50.970.691 Third parties
Pihak berelasi (Catatan 37) 109.903 22.107 132.010 Related parties (Note 37)
Total 37.784.930 13.317.771 51.102.701 Total
Rincian deposito berjangka berdasarkan jangka The details of time deposits based on contractual
waktu kontrak adalah sebagai berikut: maturities are as follows:
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
≤ 1 bulan 1.524.009 852.702 2.376.711 ≤ 1 bulan
> 1 bulan ≤ 3 bulan 12.498.388 5.033.229 17.531.617 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 16.388.715 4.997.495 21.386.210 > 3 months ≤ 6 months
> 6 bulan 13.683.215 3.116.910 16.800.125 > 6 months
.
Total 44.094.327 14.000.336 58.094.663 Total
31 Desember/31 December 2022
Mata uang
asing/
Foreign
Rupiah currencies Total
≤ 1 bulan 746.686 545.466 1.292.152 ≤ 1 bulan
> 1 bulan ≤ 3 bulan 16.189.864 6.749.043 22.938.907 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 8.091.903 3.172.796 11.264.699 > 3 months ≤ 6 months
> 6 bulan 12.756.477 2.850.466 15.606.943 > 6 months
Total 37.784.930 13.317.771 51.102.701 Total
116
Page 491
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Deposito Berjangka (lanjutan) 19. Time Deposits (continued)
Rincian deposito berjangka berdasarkan sisa The details of time deposits based on remaining
umur sampai tanggal jatuh tempo adalah sebagai maturities are as follows:
berikut:
31 Desember/31 December 2023
Mata uang
asing/
Foreign
Rupiah currencies Total
≤ 1 bulan 20.218.376 6.512.454 26.730.830 ≤ 1 month
> 1 bulan ≤ 3 bulan 15.850.258 5.129.101 20.979.359 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 6.771.116 1.249.415 8.020.531 > 3 months ≤ 6 months
> 6 bulan ≤ 12 bulan 1.174.337 1.081.924 2.256.261 > 6 months ≤ 12 months
> 12 bulan 80.240 27.442 107.682
.
Total 44.094.327 14.000.336 58.094.663 Total
31 Desember/31 December 2022
Mata uang
asing/
Foreign
Rupiah currencies Total
≤ 1 bulan 19.655.162 8.807.661 28.462.823 ≤ 1 month
> 1 bulan ≤ 3 bulan 10.003.834 1.800.762 11.804.596 > 1 month ≤ 3 months
> 3 bulan ≤ 6 bulan 6.213.744 802.815 7.016.559 > 3 months ≤ 6 months
> 6 bulan ≤ 12 bulan 1.912.190 1.906.533 3.818.723 > 6 months ≤ 12 months
Total 37.784.930 13.317.771 51.102.701 Total
Deposito berjangka dalam mata uang asing terdiri Time deposits in foreign currencies consist of Great
dari Pound Sterling Inggris, Euro Eropa, Dolar Britain Pound Sterling, European Euro, Australian
Australia, Dolar Amerika, Dolar Singapura, Yen Dollar, United States Dollar, Singapore Dollar,
Jepang dan Dolar Hong Kong. Japanese Yen and Hong Kong Dollar.
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, time deposits
deposito berjangka yang diblokir untuk jaminan pledged as collateral for loan facilities granted
atas fasilitas kredit yang diberikan kepada amounted to Rp8,442,844 and Rp6,684,562,
nasabah adalah masing-masing sebesar respectively. The pledged time deposits are
Rp8.442.844 dan Rp6.684.562. Deposito blocked throughout the loan period (Note 11).
berjangka yang dijaminkan ini diblokir sepanjang
jangka waktu fasilitas kredit (Catatan 11).
Suku bunga rata-rata untuk deposito berjangka The average interest rates for time deposits are as
adalah sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 4,44% 3,05% Rupiah
Mata uang asing 2,98% 0,93% Foreign currencies
117
Page 492
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Simpanan dari Bank Lain 20. Deposits from Other Banks
Simpanan dari bank lain berdasarkan jenis dan Deposits from other banks based on type and
mata uang terdiri dari: currency consist of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
Call Money 1.265.000 - Call Money
Giro 107.187 179.201 Demand deposits
Tabungan 9.959 7.488 Saving deposits
Deposito berjangka 9.400 6.500 Time deposits
1.391.546 193.189
Mata uang asing Foreign currency
Tabungan 7.213 12.959 Saving deposits
Total 1.398.759 206.148 Total
Simpanan dari bank lain berdasarkan hubungan Deposits from other banks based on their
transaksi dengan Bank terdiri dari: relationship transaction with the Bank consist of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah Rupiah
Pihak ketiga 1.331.108 38.047 Third parties
Pihak berelasi (Catatan 37) 60.438 155.142 Related parties (Note 37)
1.391.546 193.189
Mata uang asing Foreign currency
Pihak ketiga 7.213 12.959 Third parties
Total 1.398.759 206.148 Total
Jangka waktu simpanan dari bank lain dalam The terms of deposits from other banks in time
deposito berjangka dan call money adalah kurang deposits and call money are less than one year.
dari satu tahun.
Tidak terdapat simpanan dari bank lain yang There are no deposits from other banks which are
diblokir atau dijaminkan pada tanggal blocked or collateralized as of 31 December 2023
31 Desember 2023 dan 2022. and 2022.
Suku bunga rata-rata tahunan untuk simpanan The average annual interest rates for deposits from
dari bank lain adalah sebagai berikut: other banks are as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Rupiah 0,00% - 6,02% 0,00% - 3,51% Rupiah
Mata uang asing 0,00% - 5,26% 0,00% - 1,84% Foreign currency
118
Page 493
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
21. Perpajakan 21. Taxation
Utang pajak terdiri dari: Tax payables consists of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Utang pajak penghasilan Income tax payables
Pasal 4 (2) 81.368 40.015 Article 4 (2)
Pasal 21 52.600 55.830 Article 21
Pasal 23 dan 26 25.884 2.201 Article 23 and 26
Pasal 25 708 27.004 Article 25
Pasal 29 3.617 62.466 Article 29
Pajak Pertambahan Nilai 6.673 8.422 Value Added Taxes
Total utang pajak 170.850 195.938 Total tax payables
Rekonsiliasi antara laba sebelum beban pajak The reconciliations between income before tax
menurut laporan laba rugi dan penghasilan expense, as shown in the statement of profit or loss
komprehensif lain dengan penghasilan kena and other comprehensive income, and taxable
pajak untuk tahun yang berakhir pada tanggal income for the years ended 31 December 2023 and
31 Desember 2023 dan 2022 adalah sebagai 2022 are as follows:
berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Laba sebelum beban pajak Income before tax expense
sebagaimana disajikan dalam as stated in the statement of
laporan laba rugi dan penghasilan profit or loss and
komprehensif lain 911.689 1.148.213 other comprehensive income
Beda temporer: Temporary differences:
Penyusutan aset tetap (137.426) 18.355 Depreciation of fixed assets
Cadangan atas imbalan kerja 80.894 (16.141) Provision for employees’ benefits
Pembentukan cadangan Provision for allowance for
atas kerugian penurunan nilai impairment losses on earning
aset produktif dan non-produktif (42.590) 230.829 assets and non-earning assets
Pembentukan cadangan atas Provision for credit card
point rewards kartu kredit 21.542 - reward points
Kerugian/(keuntungan) yang belum
direalisasi atas efek-efek yang Unrealized loss/(gain) on trading
diperdagangkan - neto (13.035) 8.692 securities – net
Amortisasi aset tak berwujud (5.500) - Amortization of intangible assets
Penyusutan aset hak guna 2.400 288 Depreciation of right-of-use assets
Kerugian/(keuntungan) penjualan Loss/(gain) on sale
aset tetap - neto 1.085 176 of fixed assets - net
Pembentukan atas cadangan
penurunan nilai agunan Provision for decline in value
yang diambil alih 215 (959) of foreclosed assets
Lain-lain (8.827) - Others
Beda tetap: Permanent differences:
Keuntungan penjualan aset tetap dan Gain on sale of fixed assets
properti terbengkalai - neto (3.533) (12.286) and abandoned properties - net
Lain-lain - neto 121.436 54.985 Others - net
Penghasilan kena pajak - Bank 928.350 1.432.152 Taxable income - Bank
119
Page 494
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
21. Perpajakan (lanjutan) 21. Taxation (continued)
Perhitungan beban pajak tahun berjalan dan The computation of current tax expense and
beban pajak tangguhan - neto untuk tahun yang deferred tax expense - net for the year ended
berakhir pada tanggal 31 Desember 2023 dan 31 December 2023 dan 2022 are as follows:
2022 adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Penghasilan kena pajak 928.350 1.432.152 Taxable income
Beban pajak penghasilan
- tahun berjalan 204.237 315.073 Income tax expense - current
Beban pajak penghasilan - tangguhan: Income tax expense - deferred:
Penyusutan aset tetap (30.234) 4.038 Depreciation of fixed assets
Cadangan atas imbalan kerja - neto `17.797 (3.551) Provision for employees’ benefits - net
Pembentukan cadangan atas Provision for impairment
kerugian penurunan nilai losses on earning assets
aset produktif dan non-produktif (9.370) 116.131 and non-earning assets
Pembentukan cadangan atas Provision for credit card
reward points kartu kredit 4.739 - reward points
(Keuntungan)/kerugian yang belum
direalisasi atas efek-efek yang Unrealized (gain)/loss on trading
diperdagangkan - neto (2.868) 1.912 securities - net
Amortisasi aset tak berwujud (1.210) - Amortization of intangible assets
Penyusutan aset hak guna 528 63 Depreciation of right-of-use assets
Keuntungan penjualan
aset tetap - neto 239 39 Gain on sale of fixed assets - net
Pembentukan atas penurunan Provision for decline
nilai agunan yang diambil alih 47 (211) in value of foreclosed assets
Lain-lain (1.942) - Others
(Beban)/manfaat pajak tangguhan Deferred tax (expense)/
- neto (22.274) 118.421 income - net
Penyesuaian (10.215) - Adjustment
Beban pajak - neto 236.726 196.652 Tax expense - net
Rekonsiliasi antara beban pajak yang dihitung The reconciliations between tax expense
dengan menggunakan tarif pajak yang berlaku calculated by using the applicable tax rate from
dari laba sebelum beban pajak, dengan beban income before tax expense, and tax expense
pajak seperti yang disajikan dalam laporan laba presented in the statement of profit or loss and
rugi dan penghasilan komprehensif lain untuk other comprehensive income for the years ended
tahun yang berakhir pada tanggal 31 Desember 31 December 2023 and 2022 are as follows:
2023 dan 2022 adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Laba sebelum beban pajak 911.689 1.148.213 Income before tax expense
Beban pajak penghasilan berdasarkan
tarif pajak yang berlaku 200.572 252.607 Income tax expense at applicable tax rate
Pengaruh beda tetap atas beban Effects of permanent differences on
pajak penghasilan: income tax expense:
Keuntungan penjualan aset tetap Gain on sale of fixed assets
dan properti terbengkalai - neto (777) (2.703) and abandoned properties - net
Lain-lain - neto 26.716 12.097 Others - net
226.511 262.001
Penyesuaian 10.215 (65.349) Adjustment
Beban pajak - neto 236.726 196.652 Tax expense - net
120
Page 495
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
21. Perpajakan (lanjutan) 21. Taxation (continued)
Perhitungan beban pajak - tahun berjalan dan The computations of tax expense - current and
utang pajak penghasilan adalah sebagai berikut: income tax payables are as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Beban pajak penghasilan - tahun berjalan 204.237 315.073 Tax expense - current
Pembayaran pajak penghasilan di muka (200.620) (252.607) Pre-payments of income taxes
Utang pajak penghasilan 3.617 62.466 Income tax payables
Rincian aset pajak tangguhan adalah sebagai The details of deferred tax assets are as follows:
berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Cadangan kerugian penurunan Allowance for impairment losses on
nilai aset produktif dan non-produktif 661.624 670.993 earning assets and non-earning assets
Liabilitas atas imbalan kerja 75.762 56.849 Liability for employees’ benefits
Penyusutan aset tetap (61.835) (31.601) Depreciation of fixed assets
Kerugian/(keuntungan) yang belum
direalisasi atas efek-efek yang Unrealized loss/(gain) on
diukur pada nilai wajar melalui measured at fair value through
penghasilan komprehensif lain 25.912 43.439 other comprehensive income
Pembentukan cadangan atas Provision for credit card
reward points kartu kredit 22.556 - reward points
Cadangan penurunan nilai agunan Allowance for decline in value of
yang diambil alih 6.442 6.395 foreclosed assets
Kerugian/(keuntungan) yang belum
direalisasi atas efek-efek Unrealized loss/(gain) on trading
yang diperdagangkan - neto (2.697) 171 securities - net
Penyusutan aset hak guna 2.015 1.487 Depreciation of right-of-use assets
Amortisasi aset tak berwujud (1.210) - Amortization of intangible assets
Keuntungan penjualan aset tetap (477) (715) Gain on sale of fixed assets - net
Lain-lain 5.468 - Others
Total 733.560 747.018 Total
Perhitungan pajak penghasilan badan untuk The calculations of corporate income tax for the
tahun yang berakhir tanggal 31 Desember 2023 year ended December 31, 2023 are estimated
adalah estimasi untuk pengisian SPT 2023 dan numbers for 2023 annual tax return and 2022
perhitungan pajak penghasilan badan 2022 corporate income tax which conform to the Bank’s
adalah sesuai dengan SPT Bank. Annual Tax Return.
Pajak penghasilan badan Bank untuk tahun yang The Bank's corporate income tax for the year
berakhir pada tanggal 31 Desember 2023 dan ended 31 December 2023 and 2022 are calculated
2022 masing-masing telah dihitung dengan using the tax rate of 22%, respectively.
menggunakan tarif pajak sebesar 22%.
121
Page 496
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Liabilitas atas Surat Berharga yang Dijual 22. Liabilities on Securities Sold under Repurchase
dengan Janji Dibeli Kembali Agreements
Liabilitas atas surat berharga yang dijual dengan Liabilities on securities sold under repurchase
janji dibeli kembali pada tanggal 31 Desember agreements as of 31 December 2023 consists of:
2023 terdiri dari:
Jenis obligasi Nilai
Nilai Nilai
pemerintah/ Tanggal Jatuh pembelian
Nasabah/ nominal/ tercatat/
Type of dimulai/ tempo/ kembali/
Counterparty Nominal Carrying
government Start date Due date Repurchase
amount value
bonds amount
Diukur pada nilai perolehan
At amortized cost
yang diamortisasi
27 Des 23/ 10 Jan 24/
Bank Indonesia FR0081 1.000.000 953.308 951.716
27 Dec 23 10 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia FR0095 900.000 873.492 870.866
20 Dec 23 17 Jan 24
29 Des 23/ 12 Jan 24/
Bank Indonesia FR0081 900.000 859.200 857.446
29 Dec 23 12 Jan 24
20 Des 23/ 3 Jan 24/
Bank Indonesia FR0078 800.000 805.576 805.277
20 Dec 23 3 Jan 24
29 Des 23/ 12 Jan 24/
Bank Indonesia FR0081 800.000 763.734 762.174
29 Dec 23 12 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia FR0078 700.000 706.765 704.641
20 Dec 23 17 Jan 24
27 Des 23/ 10 Jan 24/
Bank Indonesia FR0056 600.000 613.750 612.724
27 Dec 23 10 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia FR0056 500.000 512.807 510.607
27 Dec 23 24 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia SR014 500.000 491.973 490.494
20 Dec 23 17 Jan 24
PT Bank Rakyat 20 Des 23/ 19 Jan 24/
FR0095 500.000 485.949 484.330
Indonesia (Persero) Tbk 20 Dec 23 19 Jan 24
22 Des 23/ 5 Jan 24/
Bank Indonesia FR0087 500.000 471.698 471.348
22 Dec 23 5 Jan 24
PT Bank Mandiri 28 Des 23/ 4 Jan 24/
IDSR151124364S 500.000 471.352 471.106
(Persero) Tbk 28 Dec 23 4 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia FR0086 500.000 473.071 471.041
27 Dec 23 24 Jan 24
29 Des 23/ 5 Jan 24/
Bank Indonesia FR0086 500.000 471.272 470.945
29 Dec 23 5 Jan 24
PT Bank Rakyat 22 Des 23/ 5 Jan 24/
IDSR041224364S 500.000 469.841 469.503
Indonesia (Persero) Tbk 22 Dec 23 5 Jan 24
PT Bank Rakyat 22 Des 23/ 5 Jan 24/
IDSR041224364S 500.000 469.841 469.503
Indonesia (Persero) Tbk 22 Dec 23 5 Jan 24
PT Bank Rakyat 22 Des 23/ 5 Jan 24/
IDSR041224364S 500.000 469.841 469.503
Indonesia (Persero) Tbk 22 Dec 23 5 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia FR0096 450.000 445.477 443.566
27 Dec 23 24 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia ORI019 400.000 393.329 392.146
20 Dec 23 17 Jan 24
122
Page 497
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Liabilitas atas Surat Berharga yang Dijual 22. Liabilities on Securities Sold under Repurchase
dengan Janji Dibeli Kembali (lanjutan) Agreements (continued)
Liabilitas atas surat berharga yang dijual dengan Liabilities on securities sold under repurchase
janji dibeli kembali pada tanggal 31 Desember agreements as of 31 December 2023 consists of:
2023 terdiri dari: (lanjutan) (continued)
Jenis obligasi Nilai
Nilai Nilai
pemerintah/ Tanggal Jatuh pembelian
Nasabah/ nominal/ tercatat/
Type of dimulai/ tempo/ kembali/
Counterparty Nominal Carrying
government Start date Due date Repurchase
amount value
bonds amount
Diukur pada nilai perolehan
At amortized cost (continued)
yang diamortisasi (lanjutan)
27 Des 23/ 10 Jan 24/
Bank Indonesia FR0064 400.000 378.182 377.550
27 Dec 23 10 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia SR015 350.000 341.240 340.214
20 Dec 23 17 Jan 24
29 Des 23/ 12 Jan 24/
Bank Indonesia FR0070 300.000 302.935 302.316
29 Dec 23 12 Jan 24
20 Des 23/ 17 Jan 24/
Bank Indonesia FR0059 250.000 243.622 242.890
20 Dec 23 17 Jan 24
20 Des 23/ 3 Jan 24/
Bank Indonesia SR016 250.000 229.467 229.381
20 Dec 23 3 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia ORI020 200.000 194.786 193.953
27 Dec 23 24 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia PBS017 200.000 188.191 187.386
27 Dec 23 24 Jan 24
27 Des 23/ 24 Jan 24/
Bank Indonesia PBS026 150.000 149.736 149.096
27 Dec 23 24 Jan 24
PT Bank Rakyat 28 Des 23/ 4 Jan 24/
IDSR131124364S 100.000 94.288 94.239
Indonesia (Persero) Tbk 28 Dec 23 4 Jan 24
Total/Total 13.750.000 13.324.723 13.295.961
Tidak terdapat liabilitas atas surat berharga yang There is no liabilities on securities sold under
dijual dengan janji dibeli kembali pada tanggal repurchase agreements as of 31 December
31 Desember 2022. 2022.
23. Efek Utang yang Diterbitkan 23. Debt Securities Issued
Efek utang yang diterbitkan pada tanggal Debt securities issued as of 31 December 2023
31 Desember 2023 dan 2022 terdiri dari: and 2022 consist of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Obligasi Subordinasi Berkelanjutan III Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Shelf Offering III Tranche I
Tahun 2022 Year 2022
Pihak ketiga Third parties
Obligasi 100.000 100.000 Bonds
Total nominal Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan III Bank UOB Indonesia Subordinated Debt Shelf Offering III
Tahap I Tahun 2022 100.000 100.000 Tranche I Year 2022
123
Page 498
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Beban emisi obligasi yang belum
diamortisasi (4.000) (4.744) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total Bank UOB Indonesia
Berkelanjutan III Bank UOB Indonesia Subordinated Debt Shelf Offering III
Tahap I Tahun 2022 96.000 95.256 Tranche I Year 2022
Obligasi Berkelanjutan III Bank UOB Indonesia Senior Debt
Bank UOB Indonesia Tahap I Shelf Offering III Tranche I
Tahun 2021 Year 2021
Pihak ketiga Third parties
Obligasi 100.000 100.000 Bonds
Total nominal Obligasi Berkelanjutan III Total nominal Bank UOB Indonesia
Bank UOB Indonesia Tahap I Senior Debt Shelf Offering III
Tahun 2021 100.000 100.000 Tranche I Year 2021
Beban emisi obligasi yang belum
diamortisasi (638) (1.482) Unamortized bonds issuance cost
Total Obligasi Berkelanjutan III Total Bank UOB Indonesia
Bank UOB Indonesia Tahap I Senior Debt Shelf Offering III
Tahun 2021 99.362 98.518 Tranche I Year 2021
Obligasi Subordinasi Berkelanjutan II Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap II Shelf Offering II Tranche II
Tahun 2019 Year 2019
Pihak Berelasi (Catatan 37) - 1.000 Related Parties (Note 37)
Pihak ketiga Third parties
Obligasi 650.000 649.000 Bonds
Total nominal Obligasi Subordinasi Total Nominal Bank UOB Indonesia
Berkelanjutan II Bank UOB Indonesia Sub Debt Shelf Offering II
Tahap II Tahun 2019 650.000 650.000 Tranche II Year 2019
Beban emisi obligasi yang belum
diamortisasi (876) (1.176) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total Bank UOB Indonesia
Berkelanjutan II Bank UOB Indonesia Sub Debt Shelf Offering II
Tahap II Tahun 2019 649.124 648.824 Tranche II Year 2019
Obligasi Subordinasi Berkelanjutan II Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Shelf Offering II Tranche I
Tahun 2019 Year 2019
Pihak ketiga Third parties
Obligasi 100.000 100.000 Bonds
Total nominal Obligasi Subordinasi Total Nominal Bank UOB Indonesia
Berkelanjutan II Bank UOB Indonesia Sub Debt Shelf Offering II
Tahap I Tahun 2019 100.000 100.000 Tranche I Year 2019
Beban emisi obligasi yang belum
diamortisasi (883) (1.222) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total Bank UOB Indonesia
Berkelanjutan II Bank UOB Indonesia Sub Debt Shelf Offering II
Tahap I Tahun 2019 99.117 98.778 Tranche I Year 2019
124
Page 499
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Obligasi Berkelanjutan I Bank UOB Indonesia Senior Debt
Bank UOB Indonesia Tahap II Shelf Offering I Tranche II
Tahun 2018 Year 2018
Pihak ketiga Third parties
Obligasi Seri C - 55.000 Bonds Series C
Total nominal Obligasi Berkelanjutan I Total nominal Bank UOB Indonesia
Bank UOB Indonesia Tahap II Senior Debt Shelf Offering I
Tahun 2018 - 55.000 Tranche II Year 2018
Beban emisi obligasi yang belum
diamortisasi - (13) Unamortized bonds issuance cost
Total Obligasi Berkelanjutan I Total Bank UOB Indonesia
Bank UOB Indonesia Tahap II Senior Debt Shelf Offering I
Tahun 2018 - 54.987 Tranche II Year 2018
Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap II Shelf Offering I Tranche II
Tahun 2017 Year 2017
Pihak ketiga 500.000 500.000 Third Parties
Total nominal Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan I Bank UOB Indonesia Subordinated Debt Shelf Offering I
Tahap II Tahun 2017 500.000 500.000 Tranche II Year 2017
Beban emisi obligasi yang belum
diamortisasi (180) (397) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total Bank UOB Indonesia
Berkelanjutan I Bank UOB Indonesia Subordinated Debt Shelf Offering I
Tahap II Tahun 2017 499.820 499.603 Tranche II Year 2017
Obligasi Subordinasi Berkelanjutan I Bank UOB Indonesia Subordinated Debt
Bank UOB Indonesia Tahap I Shelf Offering I Tranche I
Tahun 2016 Year 2016
Pihak ketiga - 100.000 Third Parties
Total nominal Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan I Bank UOB Indonesia Subordinated Debt Shelf Offering I
Tahap I Tahun 2016 - 100.000 Tranche I Year 2016
Beban emisi obligasi yang belum
diamortisasi - (298) Unamortized bonds issuance cost
Total Obligasi Subordinasi Total nominal Bank UOB Indonesia
Berkelanjutan I Bank UOB Indonesia Subordinated Debt Shelf Offering I
Tahap I Tahun 2016 99.702 Tranche I Year 2016
Total 1.443.423 1.595.668 Total
Pada tahun 2022, Bank telah melakukan In 2022, the Bank conducted Public Offering of
Penawaran Umum Obligasi Subordinasi Bank UOB Indonesia Subordinated Debt Shelf
Berkelanjutan III Bank UOB Indonesia dengan Offering III with target total funds of
target total dana yang dihimpun sebesar Rp2,000,000,000,000 (full amount).
Rp2.000.000.000.000 (nilai penuh).
Pada tahun 2021, Bank telah melakukan In 2021, the Bank conducted Public Offering of
Penawaran Umum Obligasi Berkelanjutan III Bank UOB Indonesia Senior Debt Shelf Offering II
Bank UOB Indonesia dengan target total dana with target total funds of Rp2,000,000,000,000 (full
yang dihimpun sebesar Rp2.000.000.000.000 amount).
(nilai penuh).
125
Page 500
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
Pada bulan Juni 2019, Bank telah melakukan In June 2019, the Bank conducted Public Offering
Penawaran Umum Obligasi Subordinasi of Bank UOB Indonesia Subordinated Debt Shelf
Berkelanjutan II Bank UOB Indonesia dengan Offering II with target total funds of
target total dana yang dihimpun sebesar Rp2,000,000,000,000 (full amount).
Rp2.000.000.000.000 (nilai penuh).
Dalam rangka penawaran umum tersebut Bank Regarding the public offering, the Bank issued
menerbitkan obligasi-obligasi sebagai berikut: bonds as follows: (continued)
(lanjutan)
Pada tahun 2018, Bank telah melakukan In 2018, the Bank conducted Public Offering of
Penawaran Umum Obligasi Berkelanjutan II Bank Bank UOB Indonesia Senior Debt Shelf Offering II
UOB Indonesia dengan target total dana yang with target total funds of Rp3,000,000,000,000 (full
dihimpun sebesar Rp3.000.000.000.000 (nilai amount).
penuh).
Pada tahun 2016, Bank telah melakukan In 2016, Bank conducted Public Offering of Bank
Penawaran Umum Obligasi Berkelanjutan I Bank UOB Indonesia Senior Debt Shelf Offering I and
UOB Indonesia dan Penawaran Umum Obligasi Bank UOB Indonesia Subordinated Debt Shelf
Subordinasi Berkelanjutan I Bank UOB Indonesia Offering I with target total funds of
dengan target total dana yang dihimpun masing- Rp2,000,000,000,000 (full amount) and
masing sebesar Rp2.000.000.000.000 (nilai Rp1,000,000,000,000 (full amount), respectively.
penuh) dan Rp1.000.000.000.000 (nilai penuh).
Dalam rangka penawaran umum tersebut Bank Regarding the public offering, the Bank issued
menerbitkan obligasi-obligasi sebagai berikut: bonds as follows:
1. Obligasi Subordinasi Berkelanjutan III Bank 1. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap I Tahun 2022 pada Offering III Phase I 2022 on 8 March 2022 with
tanggal 8 Maret 2022 dengan jangka waktu tenor of 7 years since issuance date and
selama 7 tahun dan jumlah pokok sebesar totalling to Rp100,000,000,000 (full amount)
Rp100.000.000.000 (nilai penuh) dengan with fixed interest rate of 8%.
tingkat bunga tetap sebesar 8%.
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, the rating
peringkat Obligasi Subordinasi Berkelanjutan of Bank UOB Indonesia Subordinated Debt
III Bank UOB Indonesia Tahap I Tahun 2022 Shelf Offering III Phase I 2022 based on Fitch
menurut Fitch Ratings adalah idAA. Ratings was idAA.
Bank memperhitungkan obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Otoritas Jasa
Persetujuan Otoritas Jasa Keuangan Keuangan No. SR-46/PB.32/2022 dated
No. SR-46/PB.32/2022 pada tanggal 19 April 2022.
19 April 2022.
2. Obligasi Berkelanjutan III Bank UOB 2. Bank UOB Indonesia Senior Debt Shelf
Indonesia Tahap I Tahun 2021 dengan Offering III Phase I Year 2021 totalling
jumlah pokok sebesar Rp100.000.000.000 Rp100,000,000,000 (full amount) with fixed
(nilai penuh) yang dikenakan tingkat bunga interest rate of 5.65% which is repayable every
tetap per tahun masing-masing sebesar three months and will mature on
5,65% dibayarkan setiap tiga bulan dan akan 2 September 2024.
jatuh tempo pada tanggal 2 September 2024.
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, the rating
peringkat Obligasi Berkelanjutan III Bank of Bank UOB Indonesia Senior Debt Shelf
UOB Indonesia Tahap I Tahun 2021 menurut Offering III Phase I 2021 based on Fitch
Fitch Ratings adalah idAAA. Ratings was idAAA.
126
Page 501
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
Dalam rangka penawaran umum tersebut Bank Regarding the public offering, the Bank issued
menerbitkan obligasi-obligasi sebagai berikut: bonds as follows: (continued)
(lanjutan)
3. Obligasi Subordinasi Berkelanjutan II Bank 3. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap II Tahun 2019 pada Offering II Phase II 2019 on 13 November
tanggal 13 November 2019 dengan jangka 2019 with tenor of 7 years since issuance date
waktu selama 7 tahun dan jumlah pokok totalling to Rp650,000,000,000 (full amount)
sebesar Rp650.000.000.000 (nilai penuh) with fixed interest rate of 9.25%.
dengan tingkat bunga tetap sebesar 9,25%.
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, the rating
peringkat Obligasi Subordinasi Berkelanjutan of Bank UOB Indonesia Subordinated Debt
II Bank UOB Indonesia Tahap II Tahun 2019 Shelf Offering II Phase II 2019 based on Fitch
menurut Fitch Ratings adalah idAA. Ratings was idAA.
Bank memperhitungkan obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Otoritas Jasa
Persetujuan Otoritas Jasa Keuangan Keuangan No. S-92/PB.32/2019 dated
No. S-92/PB.32/2019 pada tanggal 20 December 2019.
20 Desember 2019.
4. Obligasi Subordinasi Berkelanjutan II Bank 4. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap I Tahun 2019 pada Offering II Phase I 2019 on 4 July 2019 with
tanggal 4 Juli 2019 dengan jangka waktu tenor of 7 years since issuance date totalling to
selama 7 tahun dan jumlah pokok sebesar Rp100,000,000,000 (full amount) with fixed
Rp100.000.000.000 (nilai penuh) dengan interest rate of 9.85%.
tingkat bunga tetap sebesar 9,85%.
Bank memperhitungkan obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Otoritas Jasa
Persetujuan Otoritas Jasa Keuangan Keuangan No. S-92/PB.32/2019 dated
No. S-92/PB.32/2019 pada tanggal 20 December 2019.
20 Desember 2019.
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, the rating
peringkat Obligasi Subordinasi Berkelanjutan of Bank UOB Indonesia Subordinated Debt
II Bank UOB Indonesia Tahap I Tahun 2019 Shelf Offering II Tranche I Year 2019 based on
menurut Fitch Ratings adalah idAA. Fitch Ratings is idAA.
5. Obligasi Berkelanjutan I Bank UOB Indonesia 5. Bank UOB Indonesia Senior Debt Shelf
Tahap II Tahun 2018 dengan jumlah pokok Offering I Phase II Year 2018 totalling
sebesar Rp1.000.000.000.000 (nilai penuh) Rp1,000,000,000,000 (full amount) consists of
yang terbagi menjadi Obligasi Seri A sebesar Bonds Series A amounting to
Rp862.000.000.000 (nilai penuh), Obligasi Rp862,000,000,000 (full amount), Series B
Seri B sebesar Rp83.000.000.000 (nilai amounting to Rp83,000,000,000 (full amount)
penuh) dan Obligasi Seri C sebesar and Series C amounting to Rp55,000,000,000
Rp55.000,000.000 (nilai penuh) yang (full amount) with fixed interest rates of 6.15%,
dikenakan tingkat bunga tetap per tahun 7.40%, and 7.65%, respectively, which is
masing-masing sebesar 6,15%, 7,40%, dan repayable every three months and matured on
7,65%, yang dibayarkan setiap tiga bulan dan 3 June 2019, 23 May 2021 and 23 May 2023,
sudah jatuh tempo masing-masing pada respectively.
tanggal 3 Juni 2019, 23 Mei 2021 dan 23 Mei
2023.
127
Page 502
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
Dalam rangka penawaran umum tersebut Bank Regarding the public offering, the Bank issued
menerbitkan obligasi-obligasi sebagai berikut: bonds as follows: (continued)
(lanjutan)
Bank telah melakukan pelunasan pokok atas The Bank has paid the principal of Bank UOB
Obligasi Berkelanjutan I Bank UOB Indonesia Indonesia Senior Debt Shelf Offering I Phase II
Tahap II Tahun 2018 Seri A, B dan C dengan Year 2018 Series A, B and C with nominal
nilai nominal masing-masing sebesar value of Rp862,000,000,000 (full amount),
Rp862.000.000.000 (nilai penuh), Rp83,000,000,000 (full amount) and
Rp83.000.000.000 (nilai penuh) dan Rp55,000,000,000 (full amount) which
Rp55.000.000.000 (nilai penuh) yang jatuh matured on 3 June 2019, 23 May 2021 and
tempo pada tanggal 3 Juni 2019, 23 Mei 2021 23 May 2023 respectively.
dan 23 Mei 2023.
6. Obligasi Subordinasi Berkelanjutan I Bank 6. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap II Tahun 2017 dengan Offering I Phase II 2017 with total amount of
jumlah pokok sebesar Rp500.000.000.000 Rp500,000,000,000 (full amount) that was
(nilai penuh) dikenakan suku bunga tetap subject to fixed interest rate of 9.25% per
sebesar 9,25% per tahun yang dibayarkan annum which is payable every three months
setiap tiga bulan dan jangka waktu selama with a seven-year term and will mature on
tujuh tahun dan akan jatuh tempo pada 17 October 2024. The Bond was listed on the
tanggal 17 Oktober 2024. Obligasi tersebut Indonesia Stock Exchange at
dicatatkan di Bursa Efek Indonesia pada 18 October 2017.
tanggal 18 Oktober 2017.
Bank memperhitungkan Obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Otoritas Jasa
Persetujuan Otoritas Jasa Keuangan No. S- Keuangan No. S-84/PB.32/2017 dated
84/PB.32/2017 pada tanggal 20 Desember 20 December 2017.
2017.
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, the rating
peringkat Obligasi Subordinasi Berkelanjutan of Bank UOB Indonesia Subordinated Debt
I Bank UOB Indonesia Tahap II Tahun 2017 Shelf Offering I Tranche II Year 2017 based on
menurut Fitch Ratings adalah idAA. Fitch Ratings is idAA.
7. Obligasi Subordinasi Berkelanjutan I Bank 7. Bank UOB Indonesia Subordinated Debt Shelf
UOB Indonesia Tahap I Tahun 2016 dengan Offering I Phase I 2016 with total amount of
jumlah pokok sebesar Rp100.000.000.000 Rp100,000,000,000 (full amount) that was
(nilai penuh) dikenakan suku bunga tetap subject to fixed interest rate of 9.40% per
sebesar 9,40% per tahun yang dibayarkan annum which was payable every three months
setiap tiga bulan dan jangka waktu selama with a seven-year term and will mature on
tujuh tahun dan akan jatuh tempo pada 25 November 2023. The Bond was listed on
tanggal 25 November 2023. Obligasi tersebut the Indonesia Stock Exchange on 28
dicatatkan di Bursa Efek Indonesia pada November 2016.
tanggal 28 November 2016.
Bank telah melakukan pelunasan pokok atas The Bank paid the principal of Bank UOB
Obligasi Subordinasi Berkelanjutan I Bank Indonesia Subordinated Debt Shelf Offering I
UOB Indonesia Tahap I Tahun 2016 dengan Phase I Year 2016 with nominal value of
nilai nominal Rp100.000.000.000 (nilai Rp100,000,000,000 (full amount) which
penuh) yang telah jatuh tempo pada tanggal matured 25 November 2023.
25 November 2023.
128
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
Dalam rangka penawaran umum tersebut Bank Regarding the public offering, the Bank issued
menerbitkan obligasi-obligasi sebagai berikut: bonds as follows: (continued)
(lanjutan)
Bank memperhitungkan Obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Otoritas Jasa
Persetujuan Otoritas Jasa Keuangan No. S- Keuangan No. S-18/PB.32/2017 dated
18/PB.32/2017 pada tanggal 6 Maret 2017. 6 March 2017.
Bank memperhitungkan obligasi tersebut The Bank calculates its bond as part of Lower
sebagai Komponen Modal Pelengkap Level Supplementary Capital (Lower Tier 2) based
Bawah (Lower Tier 2) berdasarkan Surat on Approval Letter from Otoritas Jasa
Persetujuan Otoritas Jasa Keuangan No. S- Keuangan No.S-86/PB.321/2014 dated
86/PB.321/2014 pada tanggal 18 Juni 2014. 18 June 2014.
Obligasi-obligasi Subordinasi tersebut di atas The said subordinated bonds are not secured
tidak dijamin dengan jaminan khusus tetapi by specific collateral but are secured by all
dijamin dengan seluruh harta kekayaan assets of the Bank.
Bank.
Wali amanat dari penerbitan Obligasi The trustee for issuance of Bank UOB
Subordinasi Berkelanjutan III Bank UOB Indonesia Subordinated Debt Shelf Offering III
Indonesia Tahap I Tahun 2022, Obligasi Tranche I Year 2022, Bank UOB Indonesia
Berkelanjutan III Bank UOB Indonesia Tahap Senior Debt Shelf Offering III Tranche I Year
I Tahun 2021, Obligasi Subordinasi 2021, Bank UOB Indonesia Subordinated
Berkelanjutan II Bank UOB Indonesia Tahap Debt Shelf Offering II Tranche II Year 2019,
II Tahun 2019, Obligasi Subordinasi Bank UOB Indonesia Subordinated Debt Shelf
Berkelanjutan II Bank UOB Indonesia Tahap Offering II Tranche I Year 2019, Bank UOB
I Tahun 2019, Obligasi Berkelanjutan II Bank Indonesia Senior Debt Shelf Offering II
UOB Indonesia Tahap I Tahun 2019, Obligasi Tranche I Year 2019, Bank UOB Indonesia
Berkelanjutan I Bank UOB Indonesia Tahap Senior Debt Shelf Offering I Tranche II Year
II Tahun 2018, Obligasi Subordinasi 2018, Bank UOB Indonesia Subordinated
Berkelanjutan I Bank UOB Indonesia Tahap Debt Shelf Offering I Tranche II Year 2017.
II Tahun 2017.
Tidak terdapat keterkaitan usaha antara wali There is no business relationship between the
amanat dengan Bank. trustees and the Bank.
Selama jangka waktu obligasi tersebut diatas, During the term of above mentioned bonds, without
tanpa izin tertulis dari wali amanat, Bank tidak written permission from trustee, the Bank is not
diperkenankan untuk: allowed to:
1) Mengagunkan sebagian maupun seluruh 1) Secure part or all of the income or asset of the
pendapatan atau harta kekayaan Bank yang Bank that exists in the present or in the future,
ada pada saat ini maupun di masa yang akan other than for the Bank’s business activity;
datang di luar kegiatan usaha Bank;
2) Mengurangi modal dasar, modal ditempatkan 2) Reduce the authorized capital, issued capital
dan modal disetor, kecuali pengurangan and paid-up capital, unless the reduction is
tersebut dilakukan berdasarkan permintaan carried out based on the request and/or order
dan/atau perintah dari otoritas berwenang of the authorized regulator (including but not
(termasuk tetapi tidak terbatas pada OJK); limited to OJK);
3) Melakukan penggabungan dan/atau 3) Perform any merger and/or acquisition which
peleburan yang menyebabkan bubarnya causes the liquidation of the Bank or would
Bank atau yang akan mempunyai akibat have a material adverse impact on the
negatif secara material terhadap continuation of the Bank's businesses;
kelangsungan usaha Perseroan;
129
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
23. Efek Utang yang Diterbitkan (lanjutan) 23. Debt Securities Issued (continued)
Dalam rangka penawaran umum tersebut Bank Regarding the public offering, the Bank issued
menerbitkan obligasi-obligasi sebagai berikut: bonds as follows: (continued)
(lanjutan)
Pada tanggal 31 Desember 2023 dan 2022, Bank As of 31 December 2023 and 2022, the Bank has
telah mengamortisasi biaya emisi obligasi amortized the bonds issuance cost amounting to
masing-masing sebesar Rp2.755 dan Rp2.663 Rp2,755 and Rp2,663, respectively, which is
yang dicatat dalam laporan laba rugi dan recorded in the statement of profit or loss and other
penghasilan komprehensif lain. comprehensive income.
Selama tahun 2023 dan 2022, Bank telah During 2023 and 2022, the Bank has complied with
memenuhi persyaratan-persyaratan dalam covenants of the debt securities issued above.
penerbitan efek utang tersebut.
24. Liabilitas Lain-lain 24. Other Liabilities
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Setoran jaminan (Catatan 37) 1.265.073 463.423 Margin deposits(Note 37)
Biaya yang masih harus dibayar
(Catatan 37) 1.079.291 655.424 Accrued expenses (Note 37)
Term deposit valas Term deposit
hasil ekspor (TD Valas DHE SDA) with Bank Indonesia
Bank Indonesia in foreign currency from DHE SDA
(Catatan 15) 739.056 - (Note 15)
Cadangan kerugian penurunan nilai Allowance for impairment losses of
atas komitmen dan kontinjensi commitments and contingencies
(Catatan 34) 379.860 265.987 (Note 34)
Liabilitas sewa 187.538 83.516 Lease liabilities
Pendapatan diterima di muka 14.203 75.238 Unearned income
Lain-lain 1.034.677 220.249 Others
Total 4.699.698 1.763.837 Total
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022, included in the
termasuk dalam biaya yang masih harus dibayar accrued expenses is deferred bonus granted to the
adalah bonus yang diberikan kepada Direksi yang Board of Directors amounting to Rp13,021 and
ditangguhkan masing-masing sebesar Rp13.021 Rp9,851, respectively, in accordance with POJK
dan Rp9.851 sesuai dengan POJK No. 45/POJK.03/2015 dated 23 December 2015
No. 45/POJK.03/2015 tanggal 23 Desember 2015 concerning the Implementation of Governance for
tentang Penerapan Tata Kelola dalam Pemberian Commercial Banks in the Provision of
Remunerasi bagi Bank Umum. Remunerations.
Termasuk pada lain-lain adalah angka Included in others are settlement figures in regards
penyelesaian terkait dengan akusisi bisnis with acquisition of Citi’s consumber business
konsumer Citi senilai Rp497.301. amounting Rp497,301.
Setoran jaminan terutama merupakan perjanjian Margin deposits mainly represent operational
kerjasama operasional dengan United Overseas cooperation agreements with United Overseas
Bank Limited, Singapura dan PT Bank Mandiri Bank Limited, Singapore and PT Bank Mandiri
(Persero) Tbk. (Persero) Tbk.
130
Page 505
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 (lanjutan) 24. Other Liabilities (continued)
United Overseas Bank Limited, Singapura United Overseas Bank Limited, Singapore
(“UOBS”) (“UOBS”)
Pada tanggal 25 Agustus 2022, Bank dan UOBS On 25 August 2022, the Bank and UOBS has
menandatangani Perjanjian Jaminan Uang Tunai signed Cash Collateral Agreement that UOBS
dimana UOBS menyediakan jaminan uang tunai provides cash collateral on derivative transactions
atas transaksi derivatif mencakup FX Derivative including FX Derivative and Interest Rate
dan Interest Rate Derivative yang diatur dalam Derivative stipulated in International Swaps and
Perjanjian Induk International Swaps and Derivative Transactions (ISDA) 2022 Master
Derivative Transactions (ISDA) 2022 tanggal 20 Agreement on 20 August 2007. Cash collateral is
Agustus 2007. Jaminan uang tunai diberikan provided in USD with minimal transfer nominal
dalam mata uang USD dengan jumlah transfer amounting to USD2,000,000 (full amount). The
minimal sebesar USD2.000.000 (angka penuh). Bank is obliged to pay interest on the cash
Bank memiliki kewajiban untuk membayar bunga collateral placement which is determined and
atas penempatan jaminan ini yang ditentukan dan calculated using Secured Overnight Financing
dihitung dengan menggunakan suku bunga Rate (SOFR).
Secured Overnight Financing Rate (SOFR).
Pada tanggal 31 Desember 2023 dan 2022, nilai As of 31 December 2023 and 2022, the cash
jaminan uang tunai masing-masing sebesar collateral amounting to USD48,860,000 (full
USD48.860.000 (angka penuh) dan amount) and USD13,790,000 (full amount),
USD13.790.000 (angka penuh) (Catatan 37). respectively (Note 37).
Bunga yang masih harus dibayar atas jaminan Interest payables on the cash collateral amounting
uang tunai tersebut sebesar USD257.010,36 to USD257,010.36 (full amount) and
(angka penuh) dan USD59.647,12 (angka penuh) USD59,647.12 (full amount) as of 31 December
pada tanggal 31 Desember 2023 dan 2022 2023 and 2022, respectively (Note 37).
(Catatan 37).
PT Bank Mandiri (Persero) Tbk (“Bank PT Bank Mandiri (Persero) Tbk (“Bank
Mandiri”) Mandiri”)
Pada tanggal 22 April 2016, Bank dan Bank On 22 April 2016, the Bank and Bank Mandiri has
Mandiri menandatangani Perjanjian Induk Global signed the Global Master Repurchase Agreement
Pembelian Kembali (GMRA) (GMRA) No.FTS.TRS/IRT.204/2016,
No.FTS.TRS/IRT.204/2016, No.16/GMG/0008 No.16/GMG/0008 which is amended with GMRA
yang diamandemen dengan GMRA No.TIB.TRS/TLA.91/2023, No.23/GMG/0042 that
No.TIB.TRS/TLA.91/2023, No.23/GMG/042 one of the parties will provide cash margin on
dimana salah satu pihak akan menyediakan securities sold under repurchase agreements
marjin tunai atas transaksi pembelian kembali which will be paid to the party who has net
efek yang akan dibayarkan kepada salah satu eksposure againts other party. The party who
pihak yang memiliki eksposur bersih terhadap receive cash margin is obliged to pay interest on
pihak lainnya. Pihak yang menerima marjin tunai the cash margin placement which is determined
memiliki kewajiban untuk membayar bunga atas and calculated using Money Market Reference
penempatan jaminan ini yang ditentukan dan Interest Rate as provided by Bank Indonesia.
dihitung dengan menggunakan Suku Bunga
Acuan Pasar Uang yang ditetapkan Bank
Indonesia.
Pada tanggal 31 Desember 2023 dan 2022, nilai As of 31 December 2023 and 2022, the cash
jaminan uang tunai sebesarRp312.102 dan collateral amounting to Rp312,102 and Rp76,732,
Rp76.732. respectively.
Bunga yang masih harus dibayar atas jaminan Interest payables on the cash collateral amounting
uang tunai tersebut sebesar Rp1.475 dan Rp315 to Rp1,475 and Rp315 as of 31 December 2023
pada tanggal 31 Desember 2023 dan 2022. and 2022, respectively.
131
Page 506
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 26 Oktober 2023, Bank On 26 October 2023, the Bank has received
mendapatkan persetujuan Rapat Umum approval from the Extraordinary General Meeting
Pemegang Saham Luar Biasa sebagaimana of Shareholders as stated in Deed of Minutes of
termuat dalam Akta Berita Acara Rapat Umum Extraordinary General Meeting of Shareholders
Pemegang saham Luar Biasa No. 89 tanggal 26 No. 89 dated 26 October 2023 made before Notary
Oktober 2023 yang dibuat di hadapan Notaris Aulia Taufani, S.H., Notary in Jakarta, which
Aulia Taufani, S.H., Notaris di Jakarta yang approved to increase the Bank’s issued and paid-
menyetujui peningkatan modal ditempatkan dan up capital by issuing new shares of 1,040,946,745
disetor Bank dengan cara mengeluarkan saham shares with nominal amount of Rp250 (full amount)
baru sebanyak 1.040.946.745 lembar saham per share with offering price of Rp1,441 (full
dengan nilai nominal masing-masing sebesar amount) per share.
Rp250 (nilai penuh) per saham dengan harga
penawaran sebesar Rp1.441 (nilai penuh) per
lembar saham.
Hasil penerbitan saham tersebut telah diterima The result of shares issues has been received by
oleh Bank sehingga dengan demikian jumlah the Bank so therefore the total number of issued
seluruh saham ditempatkan dan disetor penuh and fully paid-up shares of the Bank increases to
Bank meningkat menjadi sebanyak 12,227,591,633 shares or Rp3,056,897,908,250
12.227.591.633 lembar saham atau sebesar (full amount) as stated in Deed of Statement
Rp3.056.897.908.250 (nilai penuh) sebagaimana Resolutions No. 38 dated 20 November 2023 made
termuat dalam Akta Pernyataan Keputusan Rapat before Notary Aulia Taufani, S.H., Notary in
No. 38 tanggal 20 November 2023 yang dibuat di Jakarta, which the notice of amendment has been
hadapan Notaris Aulia Taufani, S.H., Notaris di received and recorded by Legal Entity
Jakarta, yang pemberitahuan perubahan Administration System of the Ministry of Laws and
anggaran dasarnya telah diterima dan dicatat Human Rights of the Republic of Indonesia as
dalam Sistem Administrasi Badan Hukum stated in the letter No. AHU-AH.01.03-0145724
Kementerian Hukum dan Hak Asasi Manusia dated 23 November 2023. On 30 November 2023,
sebagaimana tercantum dalam surat No. AHU- based on letter from the Financial Services
AH.01.03-0145724 tanggal 23 November 2023. Authority No. SR-123/PB.31/2023, the Bank has
Pada tanggal 30 November 2023, melalui surat obtained approval from Financial Services
dari Otoritas Jasa Keuangan No. SR- Authority to book the additional paid-in capital as
123/PB.31/2023, Bank telah memperoleh Paid-in Capital.
persetujuan dari Otoritas Jasa Keuangan untuk
mencatatkan tambahan modal disetor tersebut
sebagai Modal Disetor.
Susunan pemegang saham Bank dan persentase The Bank's shareholders and percentage of
kepemilikannya pada tanggal 31 Desember 2023 ownership as of 31 December 2023 and 2022 are
dan 2022 adalah sebagai berikut: (Catatan 1a) as follows: (Note 1a)
31 Desember 2023/
31 December 2023
Jumlah saham
ditempatkan dan
disetor penuh/ Persentase
Issued and kepemilikan/
fully paid Percentage Total modal/
Pemegang saham shares of ownership Total capital Shareholders
UOB International UOB International
Investment Private Limited, 8.430.031.879 68,943% 2.107.508 Investment Private Limited,
Singapura Singapore
United Overseas Bank Limited, 3.675.134.661 30,056% 918.784 United Overseas Bank Limited,
Singapura Singapore
Yayasan Kesejahteraan Nusantara 122.308.897 1,000% 30.577 Yayasan Kesejahteraan Nusantara
Lain-lain (masing-masing di bawah 1%) 116.196 0,001% 29 Others (below 1% each)
Total 12.227.591.633 100,000% 3.056.898 Total
132
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
Susunan pemegang saham Bank dan persentase The Bank's shareholders and percentage of
kepemilikannya pada tanggal 31 Desember 2023 ownership as of 31 December 2023 and 2022 are
dan 2022 adalah sebagai berikut: (Catatan 1a) as follows: (Note 1a) (continued)
(lanjutan)
31 Desember 2022/
31 December 2022
Jumlah saham
ditempatkan dan
disetor penuh/ Persentase
Issued and kepemilikan/
fully paid Percentage Total modal/
Pemegang saham shares of ownership Total capital Shareholders
UOB International UOB International
Investment Private Limited, 7.712.375.083 68,943% 1.928.094 Investment Private Limited,
Singapura Singapore
United Overseas Bank Limited, 3.362.266.880 30,056% 840.567 United Overseas Bank Limited,
Singapura Singapore
Yayasan Kesejahteraan Nusantara 111.886.756 1,000% 27.971 Yayasan Kesejahteraan Nusantara
Lain-lain (masing-masing di bawah 1%) 116.169 0,001% 29 Others (below 1% each)
Total 11.186.644.888 100,000% 2.796.661 Total
Pengelolaan modal Capital management
Tujuan utama pengelolaan modal Bank adalah The primary objective of the Bank’s capital
untuk memastikan pemeliharaan rasio modal management is to ensure that it maintains healthy
yang sehat untuk mendukung usaha dan capital ratios in order to support its business and
memaksimalkan imbalan bagi pemegang saham. maximize shareholders value.
Selain itu, Bank dipersyaratkan oleh Undang- In addition, the Bank is also required by the
Undang Perseroan Terbatas efektif tanggal Corporate Law effective on 16 August 2007 to
16 Agustus 2007 untuk mengkontribusikan contribute and maintain a non-distributable reserve
sampai dengan 20% dari modal saham fund until the said reserve reaches 20% of the
ditempatkan dan disetor penuh dalam bentuk issued and fully paid up share capital. This capital
dana cadangan yang tidak boleh didistribusikan. requirements are considered by the Bank at the
Persyaratan permodalan tersebut Annual General Shareholders’ Meeting (“AGM”).
dipertimbangkan oleh Bank pada Rapat Umum
Pemegang Saham (“RUPS”).
Bank mengelola struktur permodalan dan The Bank manages its capital structure and makes
melakukan penyesuaian terhadap perubahan adjustments to it in light of changes in economic
kondisi ekonomi. Untuk memelihara dan conditions. In order to maintain or adjust the capital
menyesuaikan struktur permodalan, Bank dapat structure, the Bank may adjust the dividend
menyesuaikan pembayaran dividen kepada payment to shareholders, issue new shares or
pemegang saham, menerbitkan saham baru atau raise debt financing. There were no changes made
mengusahakan pendanaan melalui pinjaman. in the objectives, policies or processes as of
Tidak ada perubahan atas tujuan, kebijakan 31 December 2023 and 2022.
maupun proses pada tanggal 31 Desember 2023
dan 2022.
Kebijakan Bank adalah mempertahankan struktur The Bank’s policy is to maintain a healthy capital
permodalan yang sehat untuk mengamankan structure in order to secure access to finance at a
akses terhadap pendanaan pada biaya yang reasonable cost.
wajar.
133
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
26. Tambahan Modal Disetor 26. Additional Paid-in Capital
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Agio saham Paid-in capital
Penawaran Umum Terbatas III tahun 2006 576.625 576.625 Limited Public Offering III year 2006
Penerbitan saham tahun 2020 1.591.941 1.591.941 Right issue year 2020
Penerbitan saham tahun 2023 1.239.767 - Right issue year 2023
Dividen saham 238.276 238.276 Stock dividend
Biaya emisi efek ekuitas Issuance cost
Penawaran Umum Terbatas III tahun 2006 (2.306) (2.306) Limited Public Offering III year 2006
Difference in the value of
Selisih nilai transaksi restrukturisasi restructuring transactions of
entitas sepengendali 1.289.647 1.289.647 entities under common control
Adjustment on
Penyesuaian tambahan modal disetor 4.576 4.576 additional paid-in capital
Total 4.938.526 3.698.759 Total
27. Saldo Laba 27. Retained Earnings
Dalam Rapat Umum Pemegang Saham Tahunan At the Annual General Meeting of Shareholders
yang diselenggarakan pada tanggal 3 Mei 2023 held on 3 May 2023, the minutes of which were
yang berita acaranya diaktakan dengan Akta notarized under Deed No. 13 of Notary Aulia
Notaris Aulia Taufani, S.H., No. 13 pada tanggal Taufani, S.H., on the same date, the shareholders
yang sama, para pemegang saham setuju untuk agreed to increase the amount appropriated for
menambah dana cadangan umum sebesar general reserve amounting to Rp9,515 to comply
Rp9.515 guna memenuhi ketentuan Pasal 70 with Article 70 of the Corporation Law and Article
Undang-undang Perseroan Terbatas dan Pasal 20 of the Bank’s Articles of Association and
20 Anggaran Dasar Bank serta membukukan registered the entire net profit earned in 2022 after
seluruh laba bersih yang diperoleh di tahun 2022 deduction against reserve as retained earnings.
setelah dikurangi cadangan wajib sebagai laba
ditahan.
Dalam Rapat Umum Pemegang Saham Tahunan At the Annual General Meeting of Shareholders
yang diselenggarakan pada tanggal 28 April 2022 held on 28 April 2022, the minutes of which were
yang berita acaranya diaktakan dengan Akta notarized under Deed No. 115 of Notary Aulia
Notaris Aulia Taufani, S.H., No. 115 pada tanggal Taufani, S.H., on the same date, the shareholders
yang sama, para pemegang saham setuju untuk agreed to increase the amount appropriated for
menambah dana cadangan umum sebesar general reserve amounting to Rp6,552 to comply
Rp6.552 guna memenuhi ketentuan Pasal 70 with Article 70 of the Corporation Law and
Undang-undang Perseroan Terbatas dan Article 20 of the Bank’s Articles of Association and
Pasal 20 Anggaran Dasar Bank serta registered the entire net profit earned in 2021 after
membukukan seluruh laba bersih yang diperoleh deduction against reserve as retained earnings.
di tahun 2021 setelah dikurangi cadangan wajib
sebagai laba ditahan.
134
Page 509
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
28. Pendapatan Bunga 28. Interest Income
Akun ini diperoleh dari: This account is derived from the following:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Kredit yang diberikan 6.532.425 5.777.623 Loans
Investasi keuangan dan Financial investments and
efek-efek yang diperdagangkan 1.612.825 1.122.159 trading securities
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali 1.376.598 470.605 agreements to resell
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 304.195 141.918 and other banks
Giro pada Bank Indonesia dan Current accounts with
bank lain 118.827 58.752 Bank Indonesia and other banks
Total 9.944.870 7.571.057 Total
Provisi dan komisi yang diamortisasi dan diakui Provision and commission which are amortized and
sebagai pendapatan bunga untuk tahun yang recognized as interest income for the years ended
berakhir pada tanggal 31 Desember 2023 dan 31 December 2023 and 2022 amounted to
2022 masing-masing sebesar Rp405.947 dan Rp405,947 and Rp413,876, respectively.
Rp413.876.
Informasi mengenai pendapatan bunga yang Interest income earned from related parties of loan
diperoleh dari pihak-pihak yang berelasi are disclosed in Note 37.
diungkapkan pada Catatan 37.
29. Beban Bunga 29. Interest Expenses
Akun ini merupakan beban bunga yang timbul This account represents interest expenses incurred
atas: on the following:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Deposito berjangka 2.233.102 1.276.944 Time deposits
Tabungan 756.347 254.109 Saving deposits
Giro 732.391 518.783 Demand deposits
Premi penjaminan Premium on Government
Pemerintah (Catatan 36) 246.061 219.512 guarantee (Note 36)
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under repurchase
dibeli kembali 223.242 3.239 agreements
Simpanan dan pinjaman Deposits and borrowings
dari bank lain 218.451 14.259 from other banks
Efek utang yang diterbitkan 139.995 141.993 Debt securities issued
Setoran jaminan 37.855 2.222 Margin deposits
Lain-lain 528 - Others
Total 4.587.972 2.431.061 Total
Informasi mengenai beban bunga atas transaksi Interest expense on transactions with related
dengan pihak-pihak yang berelasi diungkapkan parties are disclosed in Note 37.
pada Catatan 37.
135
Page 510
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Beban Umum dan Administrasi 30. General and Administrative Expenses
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Telekomunikasi, listrik dan air 488.556 407.934 Telecommunication, electricity, and water
Pemeliharaan dan perbaikan Repairs and maintenance
(Catatan 37) 429.558 315.892 (Note 37)
Penyusutan aset tetap dan Depreciation of fixed assets and
aset hak guna (Catatan 14) 429.368 311.158 right-of-use assets (Note 14)
Jasa outsourcing (Catatan 37) 422.085 306.891 Outsourcing service (Note 37)
Jasa tenaga ahli 306.485 74.293 Professional fees
Iklan dan promosi 212.482 185.661 Advertising and promotion
Pungutan OJK 69.821 56.806 OJK levy
Barang cetakan dan keperluan Printed materials and office
kantor 42.149 31.251 supplies
Sewa (Catatan 37) 15.859 10.914 Rental (Note 37)
Keamanan 12.738 12.676 Security
Asuransi 10.171 8.687 Insurance
Beban jasa manajemen (Catatan 37) 9.284 11.064 Management fee (Note 37)
Penyusutan aset tak berwujud 3.667 - Depreciation of intangible assets
Biaya emisi obligasi (Catatan 23) 2.754 2.663 Bond issuance cost (Note 23)
Lain-lain 175.779 27.125 Others
Total 2.630.756 1.763.015 Total
Termasuk pada lain-lain biaya yang ditanggung Included in others are expenses borned by the
oleh Bank sehubungan dengan akusisi bisnis Bank in regards with Citi’s consumer business
konsumer Citi senilai Rp105.686. acquisition amounting Rp105,686.
31. Beban Gaji dan Kesejahteraan Karyawan 31. Salaries and Employee Benefits Expenses
Akun ini terdiri dari: This account consists of:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Gaji, upah dan tunjangan hari raya 1.623.767 1.536.570 Salaries, wages and lebaran bonus
Manfaat pensiun 172.443 69.439 Gratuity
Makan, transportasi dan Meals, transportation and
tunjangan lainnya 125.121 108.167 other allowance
Imbalan kerja (Catatan 35) 101.267 16.717 Employee benefits (Note 35)
Pengobatan 92.770 64.722 Medical
BPJS ketenagakerjaan 70.308 61.185 Insurance and social security
Pendidikan dan pelatihan 69.596 58.217 Education and training
Tunjangan pajak PPh 21 40.404 32.284 Taxable allowance PPh 21
Insentif 55.530 58.356 Incentive
Lembur 5.872 4.756 Overtime
Lain-lain 28.729 27.489 Others
Total 2.385.807 2.037.902 Total
136
Page 511
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Laba Per Saham Dasar 32. Basic Earnings Per Share
Laba per saham dasar dihitung dengan membagi Basic earnings per share is calculated by dividing
laba tahun berjalan yang diatribusikan kepada the income for the year attributable to the equity
pemegang saham dengan jumlah saham pada holders by the number of shares outstanding
tahun bersangkutan. during the year.
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Laba tahun berjalan diatribusikan Income for the year
kepada pemegang saham 674.963 951.561 attributable to equity holders
Rata-rata tertimbang jumlah Weighted average number
lembar saham yang beredar 11.278.156.690 11.186.644.888 of shares outstanding
Laba per saham dasar* (nilai penuh) 60 85 Basic earnings per share* (full amount)
* Bank tidak mempunyai laba per saham dasar yang bersifat dilutif untuk tahun yang berakhir tanggal 31 Desember 2023 dan 2022./The bank
has no dilutive earning per share for the year ended 31 December 2023 and 2022.
33. Transaksi Pembelian dan Penjualan Tunai 33. Spot Foreign Currency Bought and Sold
Mata Uang Asing
Rincian nilai nominal atas pembelian dan The details of the notional values of spot foreign
penjualan tunai mata uang asing (spot) pada currencies bought and sold as of 31 December
tanggal 31 Desember 2023 dan 2022 adalah 2023 and 2022 are as follows:
sebagai berikut:
31 Desember/31 December 2023
Mata uang asing/
Foreign currencies Rupiah
Pembelian tunai mata uang asing Spot foreign currency bought
Pihak ketiga EUR 3.000.000 51.115 Third parties
GBP 4.000.000 78.506
USD 133.799.220 2.060.107
SGD 50.000 584
2.190.312
Pembelian tunai mata uang asing Spot foreign currency bought
Pihak berelasi EUR 2.000.000 34.077 Related parties
AUD 759.856 7.994
USD 9.389.127 144.564
GBP 10.000 196
186.831
2.377.143
Penjualan tunai mata uang asing Spot foreign currency sold
Pihak ketiga EUR 5.000.000 85.192 Third parties
GBP 3.000.000 58.880
USD 108.274.351 1,667.100
1.811.172
137
Page 512
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Transaksi Pembelian dan Penjualan Tunai 33. Spot Foreign Currency Bought and Sold
Mata Uang Asing (lanjutan) (continued)
Rincian nilai nominal atas pembelian dan The details of the notional values of spot foreign
penjualan tunai mata uang asing (spot) pada currencies bought and sold as of 31 December
tanggal 31 Desember 2023 dan 2022 adalah 2023 and 2022 are as follows: (continued)
sebagai berikut: (lanjutan)
31 Desember/31 December 2023
Mata uang asing/
Foreign currencies Rupiah
Penjualan tunai mata uang asing Spot foreign currency bought
Pihak berelasi EUR 425.000 7.241 Related parties
AUD 219.000 2.304
USD 5.076.642 78.165
87.710
1.898.882
31 Desember/31 December 2022
Mata uang asing/
Foreign currencies Rupiah
Pembelian tunai mata uang asing Spot foreign currency bought
Pihak ketiga EUR 130.000 2.156 Third parties
GBP 228.000 4.283
USD 50.783.874 790.578
797.017
Pembelian tunai mata uang asing Spot foreign currency bought
Pihak berelasi USD 216.174 3.365 Related parties
3.365
800.382
Penjualan tunai mata uang asing Spot foreign currency sold
Pihak ketiga EUR 108.420 1.798 Third parties
GBP 180.243 3.386
AUD 700.000 7.390
USD 121.872.598 1.897.252
1.909.826
34. Komitmen dan Kontinjensi 34. Commitments and Contingencies
Bank memiliki tagihan dan liabilitas komitmen dan The Bank’s commitments and contingencies are as
kontinjensi sebagai berikut: follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Komitmen Commitments
Tagihan komitmen 85.307 162.510 Commitment receivables
Liabilitas komitmen Commitment liabilities
Fasilitas kredit yang belum
digunakan (87.768.795) (61.088.765) Unused loan facilities granted
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan (1.502.308) (2.191.544) letters of credit
Liabilitas komitmen - neto (89.185.796) (63.117.799) Commitment liabilities - net
138
Page 513
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Komitmen dan Kontinjensi (lanjutan) 34. Commitments and Contingencies (continued)
Bank memiliki tagihan dan liabilitas komitmen dan The Bank’s commitments and contingencies are as
kontinjensi sebagai berikut: (lanjutan) follows: (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Kontinjensi Contingencies
Tagihan kontinjensi Contingent receivables
Pendapatan bunga Interest on non-performing
dalam penyelesaian 569.036 531.837 loans
Liabilitas kontinjensi Contingent liabilities
Bank garansi (2.532.256) (2.794.900) Bank guarantees
Standby letters of credit (1.649.629) (1.329.309) Standby letters of credit
Liabilities kontinjensi - neto (3.612.849) (3.592.372) Contingent liabilities - net
Liabilitas komitmen dan Commitments and contingent
kontinjensi - neto (92.798.645) (66.710.171) liabilities - net
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Tahap 1/ Tahap 2/ Tahap 3/
Stage 1 Stage 2 Stage 3 Total
31 Desember 2021 220.364 39.152 - 259.516 31 December 2021
Aset baru 67.376 15.424 - 82.800 New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (75.207) (21.447) - (96.654) repaid (excluding write-offs)
Transfer ke Tahap 1 7.923 (7.923) - - Transfers to Stage 1
Transfer ke Tahap 2 (425) 425 - - Transfers to Stage 2
Transfer ke Tahap 3 (1) - 1 - Transfers to Stage 3
Pengukuran kembali 18.652 (2.933) (1) 15.718 Remeasurement
Perubahan pada: Changes in:
- Parameter (40.348) 44.955 - 4.607 Parameter -
31 Desember 2022 198.334 67.653 - 265.987 31 December 2022
Aset baru (148.256) (54.364) - (202.620) New assets originated
Aset dihentikan
pengakuannya atau Assets derecognized or
dilunasi (kecuali hapus buku) (43.340) (21.407) - (64.747) repaid (excluding write-offs)
Transfer ke Tahap 1 11.875 (11.875) - - Transfers to Stage 1
Transfer ke Tahap 2 (702) 702 - - Transfers to Stage 2
Transfer ke Tahap 3 (1) 1 - - Transfers to Stage 3
Pengukuran kembali (296.665) (81.815) - (378.480) Remeasurement
Perubahan pada: Changes in:
- Parameter - - - - Parameter -
31 Desember 2023 (278.755) (101.105) - 379.860 31 December 2023
139
Page 514
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 atas Imbalan Kerja 35. Liability for Employee Benefits
Bank memiliki program pensiun iuran pasti dan The Bank has defined contribution retirement plan
juga mencatat liabilitas estimasi imbalan kerja and also recognized estimated liability for
atas uang pesangon, uang penghargaan masa termination, gratuity and compensation benefits to
kerja dan ganti kerugian kepada karyawan untuk cover any deficiency as provided, which the
menutupi kemungkinan kekurangan, dimana calculation as of 31 December 2023 and 2022 in
untuk perhitungan pada tanggal 31 Desember accordance with Law No. 11 of 2020 on Job
2023 dan 2022 sesuai dengan Undang-Undang Creation, Government Regulation No. 35 of 2021
No. 11 Tahun 2020 tentang Cipta Kerja, PP No. and the Bank’s labor agreement.
35 Tahun 2021 dan perjanjian ketenagakerjaan
Bank.
Program pensiun iuran pasti Bank dikelola oleh The Bank’s defined contribution retirement plan is
Dana Pensiun Lembaga Keuangan (DPLK) managed by Dana Pensiun Lembaga Keuangan
Manulife Indonesia (pihak ketiga). Iuran yang (DPLK) Manulife Indonesia (a third party). The
dibayarkan kepada DPLK pada tahun yang contribution retirement paid to DPLK for the years
berakhir pada tanggal 31 Desember 2023 dan ended 31 December 2023 and 2022 amounted to
2022 masing-masing sebesar Rp133.881 dan Rp133,881 and Rp134,304, respectively.
Rp134.304.
Iuran pensiun ditetapkan sebesar 16% dari gaji The pension contribution is determined at 16% of
karyawan peserta dana pensiun, dimana sebesar the employees’ salary who joined the pension plan,
10% ditanggung oleh Bank dan sisanya 6% of which 10% is contributed by the Bank and the
ditanggung oleh karyawan. Sejak 1 Juni 2023, remaining 6% is contributed by the employees.
Bank merubah ketentuan, yaitu iuran pensiun Since 1 June 2023, the Bank has changed the
ditetapkan dengan minimal 10% dari gaji provisions, namely pension contribution is
karyawan peserta dana pensiun, dan bisa determined at a minimum of 10% of the employees’
ditambahkan dari karyawan secara sukarela salary who participating in the pension fund, and
sesuai dengan pilihan yang ditentukan Bank. can be added from employees voluntarily
Beban pensiun Bank pada tahun yang berakhir according to the options determined by the Bank.
pada tanggal 31 Desember 2023 dan 2022 The Bank’s pension expense for the years ended
masing-masing berjumlah sebesar Rp91.549 dan 31 December 2023 and 2022 amounted to
Rp85.707 (Catatan 31). Rp91,549 and Rp85,707, respectively (Note 31).
Estimasi liabilitas imbalan kerja karyawan pada The estimated liabilities for employee benefits as of
tanggal 31 Desember 2023 dan 2022 dicatat 31 December 2023 and 2022 were determined
berdasarkan penilaian aktuaria yang masing- based on the actuarial valuations performed by
masing dilakukan oleh Kantor Konsultan Aktuaria Kantor Konsultan Aktuaria Steven & Mourits, the
Steven & Mourits, aktuaris independen, independent actuary, in their reports dated
berdasarkan laporannya masing-masing 2 January 2024 and 5 January 2023, respectively,
bertanggal 2 Januari 2024 dan 5 Januari 2023, using the “Projected Unit Credit” method. The
dengan menggunakan metode “Projected Unit principal assumptions used in the valuations are as
Credit”. Asumsi-asumsi penting yang digunakan follows:
dalam penilaian tersebut adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Tingkat bunga diskonto 6,60% 7,00% Discount interest rate
Tingkat proyeksi kenaikan gaji 4,50% 4,50% Salary increase projection rate
Tabel kematian TMI 2019 TMI 2019 Mortality table
Tingkat cacat 1% of mortality rate 1% of mortality rate Disability rate
Usia pensiun (tahun) 55 55 Retirement age (years old)
Tingkat pengunduran diri Turnover rate
Umur 25-29 12,50% 12,50% Age 25-29
Umur 30-34 10,00% 10,00% Age 30-34
Umur 35-39 7,50% 7,50% Age 35-39
Umur 40-44 5,00% 5,00% Age 40-44
Umur 45-49 2,50% 2,50% Age 45-49
Umur 50-54 2,00% 2,00% Age 50-54
Umur >54 0,00% 0,00% Age >54
140
Page 515
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 atas Imbalan Kerja (lanjutan) 35. Liability for Employee Benefits (continued)
Beban imbalan kerja Employee benefits expenses
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Beban jasa kini 40.510 36.384 Current service cost
Biaya jasa lalu - amendemen program 43.700 (26.475) Past service cost - benefit changes
Beban bunga 16.659 13.785 Interest cost
Dampak SP DSAK IAI per Impact of SP DSAK IAI at
tanggal 1 Januari 2022 - (6.332) 1 January 2022
Pengakuan/(keuntungan) Recognition of
kerugian aktuaria 398 (645) actuarial (gain)/loss
Beban imbalan kerja 101.267 16.717 Employee benefits expense
Nilai kini liabilitas imbalan kerja Present value of benefit obligations
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Nilai kini liabilitas imbalan kerja, Present value of benefit obligation,
awal tahun 258.405 278.566 beginning of the year
Beban jasa kini 40.510 36.384 Current service cost
Biaya jasa lalu - amendemen program 43.700 (26.475) Past service cost - benefit changes
Dampak SP DSAK IAI per Impact of SP DSAK IAI at
tanggal 1 Januari 2022 - (6.332) 1 January 2022
Beban bunga 16.659 13.785 Interest cost
Penyesuaian kewajiban atas Liability adjustment from
transfer karyawan ex-Citi 8.895 - transfer of employee ex-Citi
Pembayaran manfaat (20.373) (32.858) Payments of benefits
Pengukuran kembali aktuarial (3.822) (4.020) Remeasurement of defined benefit plan
Pengakuan (keuntungan)/ Recognition of
kerugian aktuaria 398 (645) actuarial (gain)/loss
Nilai kini liabilitas imbalan kerja, Present value of benefit obligations,
akhir tahun 344.372 258.405 end of year
Jumlah penyesuaian yang timbul pada liabilitas The amounts of experience adjustments arising
program untuk tahun yang berakhir pada tanggal on the plan liabilities for the year ended
31 Desember 2023 dan posisi empat tahun 31 December 2023 and previous four years are as
sebelumnya adalah sebagai berikut (tidak follows (unaudited):
diaudit):
31 Desember/31 December
2023 2022 2021 2020 2019
Present value of benefit
Nilai kini liabilitas 344.009 258.405 278.566 301.036 248.085 obligation
Experience adjustment on
Penyesuaian liabilitas (7.336) 4.323 (19.604) (18.352) (39.959) liability
141
Page 516
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 atas Imbalan Kerja (lanjutan) 35. Liability for Employee Benefits (continued)
Perubahan liabilitas atas imbalan kerja untuk The movements of employee benefits liability for
tahun yang berakhir pada tanggal 31 Desember the years ended 31 December 2023 and 2022 are
2023 dan 2022 adalah sebagai berikut: as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Saldo awal tahun 258.405 278.566 Beginning balance
Beban imbalan kerja Employee benefits expense
tahun berjalan 101.267 16.717 during the year
Total yang diakui di penghasilan Total amount recognized in
komprehensif lainnya (3.822) (4.020) other comprehensive income
Penyesuaian kewajiban atas Liability adjustment from
Transfer karyawan ex-Citi 8.895 - transfer of employee ex-Citi
Pembayaran manfaat (20.373) (32.858) Payments of benefits
Saldo akhir tahun 344.372 258.405 Ending balance
Tabel berikut menunjukkan analisa sensitivitas The tables below show the sensitivity analysis of
nilai kini liabilitas imbalan kerja diasumsikan the present value of employee benefit obligation in
terdapat perubahan atas tingkat diskonto dan the assumed changes in the discount rate and
tingkat kenaikan upah (tidak diaudit): salary increment rate (unaudited):
Tingkat Diskonto Discount Rate
Nilai kini liabilitas/
Present value of employee
Perubahan benefit obligation
persentase/
Percentage 31 Desember/ 31 Desember/
change 31 December 2023 31 December 2022
+1% 329.158 247.230
-1% 361.112 270.664
Tingkat Kenaikan Upah Salary Increment Rate
Nilai kini liabilitas/
Present value of employee
Perubahan benefit obligation
persentase/
Percentage 31 Desember/ 31 Desember/
change 31 December 2023 31 December 2022
+1% 370.352 278.902
-1% 321.647 240.442
Jatuh tempo dari liabilitas imbalan kerja pada The maturity of the benefits obligation as of
tanggal 31 Desember 2023 dan 2022 adalah 31 December 2023 and 2022 are as follows
sebagai berikut (tidak diaudit): (unaudited):
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Dalam waktu 12 bulan berikutnya 71.546 50.380 Within the next 12 months
Antara 1 dan 2 tahun 58.146 38.386 Between 1 and 2 years
Antara 2 dan 5 tahun 169.980 151.968 Between 2 and 5 years
Antara 5 dan 10 tahun 264.536 201.941 Between 5 and 10 years
Di atas 10 tahun 553.795 408.813 Beyond 10 years
Total 1.118.003 851.488 Total
142
Page 517
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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 atas Imbalan Kerja (lanjutan) 35. Liability for Employee Benefits (continued)
Durasi rata-rata liabilitas imbalan kerja pada The average duration of employees’ benefits
tanggal 31 Desember 2023 dan 2022 adalah liability as of 31 December 2023 and 2022 are 8.10
masing-masing selama 8,10 tahun dan 7,89 tahun years and 7.89 years, respectively (unaudited).
(tidak diaudit).
36. Jaminan Pemerintah terhadap Liabilitas 36. The Government Guarantee for The Payment of
Pembayaran Bank Umum Obligations of Commercial Banks
Berdasarkan Undang-Undang No. 24 tentang Based on Law No. 24 regarding the Indonesia
Lembaga Penjaminan Simpanan (“LPS”) tanggal Deposit Insurance Agency (“LPS”) dated
22 September 2004, efektif sejak tanggal 22 September 2004, effective on 22 September
22 September 2005, sebagaimana diubah 2005, which was amended by the Law No. 7 Year
dengan Undang-Undang No. 7 Tahun 2009 2009 dated January 13, 2009 regarding the
tanggal 13 Januari 2009 tentang Penetapan Stipulation of Government Regulation No. 3 Year
Peraturan Pemerintah Pengganti Undang- 2008, LPS was formed to guarantee certain
Undang No. 3 Tahun 2008, LPS dibentuk untuk obligations of commercial banks under the
menjamin liabilitas tertentu bank-bank umum applicable guarantee program, in which the amount
berdasarkan program penjaminan yang berlaku, of guarantee can vary if it meets the applicable
yang besaran nilai jaminannya dapat berubah jika criteria.
memenuhi kriteria tertentu yang berlaku.
Berdasarkan Peraturan Pemerintah No.66 Tahun Based on Government Regulation No.66 year 2008
2008 tanggal 13 Oktober 2008 tentang Besaran dated 13 October 2008 regarding the Amount of
Nilai Simpanan yang Dijamin Lembaga Penjamin Deposit Guaranteed by LPS, which was enhanced
Simpanan, yang disempurnakan melalui by LPS Regulation No. 2/PLPS/2010 dated
Peraturan LPS No. 2/PLPS/2010 tanggal 25 November 2010 regarding the Deposit
25 November 2010 tentang Program Penjaminan Insurance Program, that the balance guaranteed
Simpanan bahwa saldo yang dijamin untuk setiap for each customer at one Bank is a maximum of
nasabah pada satu Bank adalah paling tinggi Rp2,000,000,000 (full amount).
sebesar Rp2.000.000.000 (nilai penuh).
Pada tanggal 31 Desember 2023 As of 31 December 2023 based on the LPS
berdasarkan Pengumuman LPS No.Peng- Announcement No.Peng-11/DSPS/2023 dated
11/DSPS/2023 tanggal 26 September 2023, 26 September 2023, customer deposits are only
simpanan nasabah dijamin hanya jika suku covered if the interest rate is equal to or below
bunganya sama dengan atau dibawah 4,25% 4.25% for deposits denominated in Rupiah and
untuk simpanan dalam Rupiah dan sama dengan equal to or below 2.25% for deposits denominated
atau dibawah 2,25% untuk simpanan dalam in foreign currency.
valuta asing.
Pada tanggal 31 Desember 2022 As of 31 December 2022 based on the LPS
berdasarkan Pengumuman LPS No.Peng- Announcement No.Peng-3/DSPS/2022 dated
3/DSPS/2022 tanggal 7 Desember 2022, 7 December 2022, customer deposits are only
simpanan nasabah dijamin hanya jika suku covered if the interest rate is equal to or below
bunganya sama dengan atau dibawah 3,75% 3.75% for deposits denominated in Rupiah and
untuk simpanan dalam Rupiah dan sama dengan equal to or below 1.75% for deposits denominated
atau dibawah 1,75% untuk simpanan dalam in foreign currency.
valuta asing.
Pada tanggal 31 Desember 2023 dan 2022, Bank As of 31 December 2023 and 2022, the Bank is a
adalah peserta dari program penjaminan participant of that guarantee program.
tersebut.
143
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
Parties
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
Kredit yang diberikan, Simpanan dari nasabah,
Dewan Komisaris dan Direksi/
Karyawan kunci dan pengurus/ Pendapatan dan beban bunga/
The Board of Commissioners and
Key employees and management Loans, Deposits from customers, Interest income
the Directors
and expense
Giro pada bank lain, Investasi keuangan, Tagihan
dan liabilitas derivatif, Simpanan dari bank lain,
Liabilitas atas surat berharga yang dijual dengan
janji dibeli kembali, Aset lain-lain: tagihan spot,
Liabilitas akseptasi, Liabilitas lain-lain: biaya yang
masih harus dibayar dan liabilitas spot,
Arrangement fee, Pendapatan dan beban dari
transaksi derivatif dan spot, Beban bunga, Biaya
United Overseas Bank Ltd., outsourcing, Counter guarantee, Setoran jaminan,
Singapura/ Pemegang saham akhir/ beban sewa, pemeliharaan & lainnya/
United Overseas Bank Ltd., Ultimate shareholder Current accounts with other banks, Financial
Singapore investments, Derivative receivables and payables,
Deposits from other banks, Liabilities on securities
sold under repurchase agreements, Other assets:
spot receivables, acceptance liabilities, Other
liabilities: accrued expenses and spot payable,
Arrangement fee, Income and expense from
derivative and spot transaction, Interest expense,
Outsourcing cost, Counter guarantee, Guarantee
deposits, Rental, maintenance, and other cost
United Overseas Bank Ltd., Tokyo/ Mempunyai induk yang sama/ Giro pada bank lain/
United Overseas Bank Ltd., Tokyo Owned by the same shareholder Current accounts with other banks
Giro pada bank lain, Tagihan Derivatif, Liabilitas
United Overseas Bank Ltd., Hong lain-lain: liabilitas spot, Pendapatan dan beban dari
Kong/ Mempunyai induk yang sama/ transaksi derivatif dan spot/
United Overseas Bank Ltd., Hong Owned by the same shareholder Current accounts with other banks, Derivative
Kong Receivable, Other liabilities: spot payable, Income
and expense from derivative and spot transaction
United Overseas Bank Ltd.,
Giro pada bank lain, Liabilitas akseptasi/
Sydney/ Mempunyai induk yang sama/
Current accounts with other banks, Acceptance
United Overseas Bank Ltd., Owned by the same shareholder
Payable
Sydney
Giro pada bank lain, Simpanan dari bank lain,
United Overseas Bank Ltd., Liabilitas akseptasi, Pendapatan dari transaksi
Malaysia/ Mempunyai induk yang sama/ derivatif dan spot, Counter guarantee/
United Overseas Bank Ltd., Owned by the same shareholder Current accounts with other banks, Deposits from
Malaysia other banks, acceptance liabilities, Income from
derivative and spot transaction, Counter guarantee
United Overseas Bank Ltd.,
Shanghai/ Mempunyai induk yang sama/ Giro pada bank lain/
United Overseas Bank Ltd., Owned by the same shareholder Current accounts with other banks
Shanghai
United Overseas Bank Ltd., Giro pada bank lain, Simpanan dari bank lain,
Thailand/ Mempunyai induk yang sama/ Beban bunga/
United Overseas Bank Ltd., Owned by the same shareholder Current accounts with other banks, Deposits from
Thailand other banks, Interest expense
Simpanan dari bank lain, Tagihan derivatif, Aset
lain-lain: tagihan spot, Liabilitas derivatif,
Pendapatan dan beban dari transaksi derivatif dan
United Overseas Bank Ltd., China/ Mempunyai induk yang sama/ spot, Arrangement fee/
United Overseas Bank Ltd., China Owned by the same shareholder Deposits from other banks, Derivative receivables,
Other assets: spot receivables, Derivative payables,
Income and expense from derivative and spot
transaction, Arrangement fee
144
Page 519
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
____________________________________________ ___________________________________________ _________________________________________________________________
Tagihan dan liabilitas derivatif, Simpanan dari
nasabah, Pendapatan komisi, Pendapatan dan
beban dari transaksi derivatif dan spot, Beban
UOB Kay Hian Credit Pte., Ltd./ Mempunyai induk yang sama/
bunga/
UOB Kay Hian Credit Pte., Ltd. Owned by the same shareholder
Derivative receivables and payables, Deposit from
customer, Fee income, Income and expense from
derivative and spot transaction, Interest expense
Beban bunga, Pendapatan komisi, Bank Garansi,
PT UOB Kay Hian Securities/ Mempunyai induk yang sama/ Simpanan dari nasabah/
PT UOB Kay Hian Securities Owned by the same shareholder Interest expense, Fee income, Bank Guarantee,
Deposit from customer
Simpanan dari nasabah, Pendapatan dari transaksi
derivatif dan spot, Beban bunga, Beban sewa,
PT UOB Property/ Mempunyai induk yang sama/ pemeliharaan dan lainnya, Pendapatan bunga/
PT UOB Property Owned by the same shareholder Deposit from customer, Income from derivative and
spot transaction, Interest expense, Rental expense,
Maintenance and other cost, Interest income
Aset lain-lain: Tagihan spot, Efek utang yang
diterbitkan, Pendapatan dan beban dari transaksi
derivatif dan spot, Beban bunga, Tagihan dan
liabilitas derivatif, Simpanan dari nasabah,
UOB Kay Hian Pte., Ltd./ Mempunyai induk yang sama/ Pendapatan komisi/
UOB Kay Hian Pte., Ltd. Owned by the same shareholder Other assets: Spot receivables, Debt securities
issued, Income and expense from derivative and
spot transaction, Interest expense, Derivative
receivables and payables, Deposit from customer,
Commission Fee
Simpanan dari nasabah, Beban bunga, Beban
PT Avatec Services Indonesia/ Mempunyai induk yang sama/
pemeliharaan/Deposits from customers, Interest
PT Avatec Services Indonesia Owned by the same shareholder
expense, Maintenance fee
UIC Asian Computer Services
Pte., Ltd/ Mempunyai induk yang sama/ Beban pemeliharaan dan lainnya/
UIC Asian Computer Services Owned by the same shareholder Maintenance fee and others
Pte., Ltd
UOB Travel Planner Pte., Ltd./ Mempunyai induk yang sama/ Beban pemeliharaan dan lainnya/
UOB Travel Planner Pte., Ltd. Owned by the same shareholder Maintenance fee and others
Junipa Pte., Ltd./ Mempunyai induk yang sama/
Security agent fee
Junipa Pte., Ltd. Owned by the same shareholder
UOB Asset Management Simpanan dari nasabah, Beban bunga, Selling fee
Indonesia/ Mempunyai induk yang sama/ agent, Support service fee/
UOB Asset Management Owned by the same shareholder Deposits from customers, Interest expense, Selling
Indonesia fee agent, Support service fee
Dalam menjalankan kegiatan usahanya, Bank In the normal course of business, the Bank enters
melakukan transaksi-transaksi tertentu dengan into certain transactions with related parties under
pihak berelasi dengan persyaratan dan kondisi similar terms and conditions as those with third
yang sama dengan yang berlaku bagi pihak parties, except for loans to its employees.
ketiga, kecuali kredit yang diberikan kepada
karyawan.
145
Page 520
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: as follows:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Aset Assets
Current accounts with other banks
Giro pada bank lain (Catatan 6) (Note 6)
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 20.525 69.017 Singapore
United Overseas Bank Ltd., Shanghai 11.457 1.939 United Overseas Bank Ltd., Shanghai
United Overseas Bank Ltd., Hong Kong 6.004 1.215 United Overseas Bank Ltd., Hong Kong
United Overseas Bank Ltd., Tokyo 2.730 3.303 United Overseas Bank Ltd., Tokyo
United Overseas Bank Ltd., Sydney 598 600 United Overseas Bank Ltd., Sydney
United Overseas Bank Ltd., Thailand 144 18.316 United Overseas Bank Ltd., Thailand
United Overseas Bank Ltd., Malaysia 72 79 United Overseas Bank Ltd., Malaysia
41.530 94.469
Persentase terhadap jumlah aset 0,03% 0,07% Percentage to total assets
Investasi keuangan (Catatan 9) Financial investments (Note 9)
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 56.999 96.459 Singapore
Persentase terhadap jumlah aset 0,04% 0,07% Percentage to total assets
Tagihan derivatif Derivative receivables
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 236.624 201.459 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 2.034 3 China
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Hong Kong 1.567 - Hong Kong
UOB Kay Hian Credit Pte. Ltd. 64 - UOB Kay Hian Credit Pte. Ltd
UOB Kay Hian Pte. Ltd. - 500 UOB Kay Hian Pte. Ltd.
240.289 201.962
Persentase terhadap jumlah aset 0,15% 0,15% Percentage to total assets
Kredit yang diberikan (Catatan 11) 52.036 38.522 Loans (Note 11)
Persentase terhadap jumlah aset 0,03% 0,03% Percentage to total assets
Aset lain-lain Other Assets
Tagihan spot Spot receivable
UOB Kay Hian Pte., Ltd. 154 - UOB Kay Hian Pte., Ltd.
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 49 - Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 17 - China
220 -
Persentase terhadap jumlah liabilitas 0,00% 0,00% Percentage to total liabilities
146
Page 521
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Liabilitas Liabilities
Simpanan dari nasabah Deposits from customers
Deposito berjangka (Catatan 19) 172.618 132.010 Time deposits (Note 19)
Giro (Catatan 17) 169.624 197.421 Demand deposits (Note 17)
Tabungan (Catatan 18) 110.788 130.467 Saving deposits (Note 18)
453.030 459.898
Persentase terhadap jumlah liabilitas 0,31% 0,37% Percentage to total liabilities
Simpanan dari bank lain Deposits from other banks
(Catatan 20) (Note 20)
Giro dari bank lain Demand deposits from other banks
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 47.960 138.098 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 8.984 11.927 China
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Malaysia 3.056 4.116 Malaysia
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Thailand 438 1.001 Thailand
60.438 155.142
Persentase terhadap jumlah liabilitas 0,04% 0,13% Percentage to total liabilities
Liabilitas derivatif Derivative payables
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 524.780 578.488 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 815 504 China
UOB Kay Hian Credit Pte., Ltd. 56 - UOB Kay Hian Credit Pte., Ltd.
UOB Kay Hian Pte., Ltd. - 479 UOB Kay Hian Pte., Ltd.
525.651 579.471
Persentase terhadap jumlah liabilitas 0,36% 0,47% Percentage to total liabilities
Liabilitas akseptasi Acceptance payables
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 10.368 412.051 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Malaysia 3.677 - Malaysia
14.045 412.051
Persentase terhadap jumlah liabilitas 0,01% 0,34% Percentage to total liabilities
147
Page 522
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Liabilitas (lanjutan) Liabilities (continued)
Efek utang yang diterbitkan (Catatan 22) Debt securities issued (Note 22)
UOB Kay Hian Pte., Ltd. - 1.000 UOB Kay Hian Pte., Ltd.
Persentase terhadap jumlah liabilitas 0,00% 0,00% Percentage to total liabilities
Liabilitas lain-lain Other liabilities
Biaya yang masih harus dibayar Accrued expenses
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 158.545 135.588 Singapore
Persentase terhadap jumlah liabilitas 0,11% 0,11% Percentage to total liabilities
Liabilitas spot Spot payable
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 282 12 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Hong Kong 43 - Hong Kong
325 12
Persentase terhadap jumlah liabilitas 0,00% 0,00% Percentage to total liabilities
Setoran Jaminan Margin deposits
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 752.297 214.676 Singapore
Persentase terhadap jumlah liabilitas 0,52% 0,17% Percentage to total liabilities
Pendapatan Income
Pendapatan bunga (Catatan 28) Interest income (Note 28)
Kredit yang diberikan 4.012 7.616 Loans
Persentase terhadap Percentage to
jumlah pendapatan bunga 0,02% 0,10% total interest income
Security agent fee Security agent fee
Junipa Pte., Ltd. 360 360 Junipa Pte., Ltd.
Arrangement fee Arrangement fee
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 10.568 31.964 Singapore
United Overseas Bank Ltd., United Overseas Bank Ltd.,
China 1.249 2.207 China
Pendapatan Komisi Fee Income
UOB Kay Hian Securities 6.952 6.522 UOB Kay Hian Securities
UOB Kay Hian Pte., Ltd. 4.049 - UOB Kay Hian Pte., Ltd.
UOB Kay Hian Credit Pte., Ltd. 747 948 UOB Kay Hian Credit Pte., Ltd.
Selling Fee Agent Selling Fee Agent
UOB Aset Management Indonesia 3.687 193 UOB Aset Management Indonesia
Support Service Fee Support Service Fee
UOB Aset Management Indonesia 1.130 769 UOB Aset Management Indonesia
148
Page 523
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Pendapatan (lanjutan) Income (continued)
Counter Guarantee Counter Guarantee
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Malaysia 340 468 Malaysia
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 31 171 Singapore
29.113 43.602
Persentase terhadap jumlah Percentage to administration fees
komisi dan jasa administrasi - neto 10,99% 10,65% and commissions - net
Pendapatan (beban) dari transaksi Income (expense) from derivative
derivatif dan spot 184.658 439.963 and spot transaction
Beban Expense
Beban bunga (Catatan 29) Interest expense (Note 29)
Efek utang yang diterbitkan 54 92 Debt securities issued
Giro 2.952 2.929 Demand deposits
Deposito berjangka 6.847 4.203 Time deposits
Tabungan 3.446 3.435 Saving deposits
Simpanan dari bank lain Deposits from other banks
Call Money 6.975 437 Call Money
Pinjaman yang diterima 17.451 8.736 Borrowings
Giro dari bank lain - - Demand deposits from other banks
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under repurchase
dibeli kembali - 2.165 agreements
Setoran Jaminan Margin deposits
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 32.821 1.353 Singapore
70.546 23.350
Persentase terhadap Percentage to
jumlah beban bunga 1.54% 0,96% total interest expense
Biaya outsourcing (Catatan 30) Outsourcing cost (Note 30)
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura Singapore
Dikapitalisasi ke aset tetap Capitalized to fixed assets
Peralatan kantor 284.176 310.153 Office equipment
Dibebankan atas aplikasi 228.298 156.157 Charged for software
149
Page 524
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Rincian dari transaksi dengan pihak berelasi The details of transactions with related parties are
adalah sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Beban (lanjutan) Expense (continued)
Beban sewa, pemeliharaan dan lainnya Rental, maintenance fee and others
UIC Asian Computer Services 66.864 43.945 UIC Asian Computer Services
PT UOB Property 51.011 30.114 PT UOB Property
PT Avatec Services Indonesia 9.284 11.064 PT Avatec Services Indonesia
United Overseas Bank Ltd., United Overseas Bank Ltd.,
Singapura 355 35.427 Singapore
UOB Travel Planner Pte., Ltd. 560 80 UOB Travel Planner Pte., Ltd.
640.548 586.940
Persentase terhadap jumlah Percentage to general
beban umum dan administrasi 24,35% 33,29% and administrative expenses
Gaji dan kesejahteraan karyawan Salaries and employees’ benefits
Imbalan kerja jangka pendek 96.194 71.986 Short-term employee benefits
Imbalan kerja jangka panjang 12.588 7.473 Long-term employee benefits
Imbalan pasca kerja 1.707 1.194 Post-employment benefits
110.489 80.653
Persentase terhadap jumlah Percentage to salaries
gaji dan kesejahteraan karyawan 4,63% 3,96% and employees’ benefits
Keterangan: Notes:
a. Persentase dari giro pada bank lain, investasi a. The percentages of current accounts with
keuangan, tagihan derivatif, kredit yang other banks, financial investments, derivative
diberikan dan aset lain-lain dihitung terhadap receivables, loans and other assets are
total aset pada masing-masing tanggal computed based on the total assets at
laporan posisi keuangan. statement of financial position dates.
b. Persentase dari giro, tabungan, deposito b. The percentages of demand deposits, saving
berjangka, simpanan dari bank lain, liabilitas deposits, time deposits, deposits from other
derivatif, liabilitas atas surat berharga yang banks, derivative payables, liabilities on
dijual dengan janji dibeli kembali, efek utang securities sold under repurchase agreements,
yang diterbitkan, biaya yang masih harus debt securities issued, accrued expenses and
dibayar dan liabilitas lain-lain dihitung other liabilities are computed based on the
terhadap total liabilitas pada masing-masing total liabilities at statement of financial position
tanggal laporan posisi keuangan. dates.
c. Persentase dari beban pemeliharaan gedung c. The percentages of building maintenance
dihitung terhadap total beban umum dan expenses are computed based on the total
administrasi untuk masing-masing tahun general and administrative expenses in each
yang bersangkutan. Beban pemeliharaan related year. The building maintenance
gedung merupakan beban pemeliharaan expense represents the maintenance
atas gedung UOB Plaza - Thamrin Nine yang expenses of UOB Plaza - Thamrin Nine which
dibayarkan ke PT UOB Property. was paid to PT UOB Property.
d. Persentase dari beban umum dan d. The percentage of other general and
administrasi lainnya dihitung terhadap total administrative expenses is computed based
beban umum dan administrasi untuk masing- on the total general and administrative
masing tahun yang bersangkutan. expenses for each year.
150
Page 525
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Sifat dan Transaksi dengan Pihak Berelasi 37. Nature and Transaction Balances with Related
(lanjutan) Parties (continued)
Keterangan: (lanjutan) Notes: (continued)
e. Biaya Outsourcing merupakan biaya yang e. Outsourcing costs represent costs charged by
dibebankan oleh United Overseas Bank United Overseas Bank Limited (UOB) to the
Limited (UOB) kepada Bank sehubungan Bank in connection with the Master
dengan Master Technology and Operations Technology and Operations Services
Services Agreement (MTOSA), dimana UOB Agreement (MTOSA), whereby UOB renders
memberikan peningkatan sistem dan system enhancement and information
layanan terkait teknologi informasi pada kartu technology related services on credit card,
kredit, treasury dan aplikasi sistem umum di treasury and common system application in
Bank. Sebagai kompensasi atas layanan, the Bank. As compensation to the services the
Bank wajib membayar biaya satu kali dan Bank is obliged to pay one-time cost and
biaya berulang seperti biaya pengembangan recurring costs such as development and
dan peningkatan atas aplikasi yang enhancement costs on the application stated
tercantum dalam perjanjian. Persentase in the agreement. Certain percentage of these
tertentu dari biaya outsourcing ini outsourcing costs were capitalized to fixed
dikapitalisasi ke aktiva tetap sebagai modal assets as start-up and inseparable part of fixed
awal dan bagian yang tidak terpisahkan dari assets and a certain percentage were charged
aktiva tetap dan persentase tertentu to operations based on agreed calculations.
dibebankan pada operasi berdasarkan
perhitungan yang disepakati.
Sebagai imbalan atas jasa ini, Bank wajib As compensation to the services, the Bank is
membayar one time cost atas beban aktual obliged to pay one time cost and recurring
dan recurring cost atas beban pemeliharaan costs such as development and enhancement
serta biaya peningkatan sistem dan aplikasi costs on the application stated in the
teknologi informasi (enhancement cost) agreement.
seperti yang diungkapkan dalam perjanjian
tersebut.
f. Pendapatan dan beban bunga dari/kepada f. Interest income and expenses from/to related
pihak-pihak berelasi, yang dihasilkan/ parties, which are received/incurred by the
menjadi beban Bank berjumlah kurang dari Bank is less than 10% of the Bank’s total
10% dari jumlah pendapatan dan beban interest income and expenses, respectively,
bunga Bank untuk masing-masing tahun for each related year.
yang bersangkutan.
g. Imbalan kerja jangka pendek yang diterima g. Short-term employee benefits received by
oleh Dewan Komisaris dan Direksi Bank the Bank’s Board of Commissieoners and the
pada tahun yang berakhir pada tanggal Board of Directors for the year ended
31 Desember 2023 dan 2022 masing-masing 31 December 2023 and 2022 amounting to
sebesar Rp96.194 dan Rp71.986. Rp96,194 and Rp71,986, respectively.
Imbalan kerja jangka panjang yang diterima Long-term employee benefits received by the
oleh Dewan Komisaris dan Direksi untuk Bank’s Board of Commissioners and the
tahun yang berakhir pada tanggal Board of Directors for the years ended
31 Desember 2023 dan 2022 masing-masing 31 December 2023 and 2022 amounting to
sebesar Rp12.588 dan Rp7.473. Biaya yang Rp12,588 and Rp7,473, respectively.
dikeluarkan oleh Bank terkait program Expenses incurred by the Bank relating to
imbalan pasca kerja Dewan Komisaris dan post-employment benefits of the Bank’s Board
Direksi Bank dengan jumlah masing-masing of Commissioners and the Board of Directors
sebesar Rp1.707 dan Rp1.194, untuk tahun amounting to Rp1,707 and Rp1,194 for the
yang berakhir pada tanggal 31 Desember years ended 31 December 2023 and 2022,
2023 dan 2022 seperti yang diungkapkan respectively and which are disclosed in
pada Catatan 1b. Note 1b.
151
Page 526
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
38. Posisi Devisa Neto 38. Net Open Position
Posisi Devisa Neto (PDN) pada tanggal The Net Open Positions (NOP) as of
31 Desember 2023 dan 2022 adalah sebagai 31 December 2023 and 2022 are as follows:
berikut:
31 Desember/31 December 2023
Mata uang asing
(nilai penuh)/
Foreign currencies Ekuivalen rupiah/
(full amount) Rupiah equivalent
Posisi Devisa
Neto/
Aset/ Liabilitas/ Aset/ Liabilitas/ Net Open
Assets Liabilities Assets Liabilities Position
Keseluruhan (laporan Aggregate (statement of
posisi keuangan dan financial position and
rekening administratif) and administrative accounts)
Yen Jepang 5.814.528.500 5.816.409.768 633.057 633.262 205 Japanese Yen
Dolar Amerika Serikat 7.108.925.088 7.151.468.751 109.456.120 110.111.164 655.044 United States Dollar
Krona Swedia 67.321.896 66.067.527 103.780 101.846 1.934 Swedish Krona
Dolar Singapura 496.971.950 498.224.217 5.802.814 5.817.435 14.621 Singapore Dollar
Yuan Cina (CNH) 322.815.657 328.618.198 700.349 712.937 12.588 (CNH) Chinese Yuan
Dolar Australia 113.610.593 113.734.132 1.195.271 1.196.572 1.301 Australian Dollar
Euro Eropa 102.842.159 103.060.711 1.752.258 1.755.981 3.723 European Euro
Yuan Cina (CNY) 31.785.061 31.260.682 68.975 67.838 1137 (CNY) Chinese Yuan
Dolar Hong Kong 6.031.731 5.941.000 11.887 11.708 179 Hong Kong Dollar
Pound Sterling Inggris 10.938.372 9.916.873 214.683 194.634 20.049 Great Britain Pound Sterling
Dolar Selandia Baru 5.595.263 5.577.126 54.642 54.463 179 New Zealand Dollar
Dolar Kanada 5.826.771 5.799.196 67.763 67.442 321 Canadian Dollar
Franc Swiss 227.343 172.925 4.160 3.164 996 Swiss Franc
Baht Thailand 319.100 - 144 - 144 Thailand Baht
Ringgit Malaysia 21.497 - 72 - 72 Malaysian Ringgit
Total 14.087.760.981 14.136.251.106 120.065.975 120.728.446 712.493 Total
Total modal Desember 2023 17.117.971 Total capital December 2023
Rasio PDN atas modal Percentage of NOP to
Desember 2023 (keseluruhan) 4,16% December 2023 capital (aggregate)
Total modal November 2023 Total capital November 2023
(tidak diaudit) 17.124.686 (unaudited)
Rasio PDN atas modal Percentage of NOP to
November 2023 (keseluruhan) November 2023 capital
(tidak diaudit) 4,16% (aggregate) (unaudited)
31 Desember/31 December 2022
Mata uang asing
(nilai penuh)/
Foreign currencies Ekuivalen rupiah/
(full amount) Rupiah equivalent
Posisi Devisa
Neto/
Aset/ Liabilitas/ Aset/ Liabilitas/ Net Open
Assets Liabilities Assets Liabilities Position
Keseluruhan (laporan Aggregate (statement of
posisi keuangan dan financial position and
rekening administratif) and administrative accounts)
Yen Jepang 7.984.729.884 7.982.431.978 940.681 940.410 271 Japanese Yen
Dolar Amerika Serikat 7.181.513.813 7.195.653.389 111.798.216 112.018.334 220.118 United States Dollar
Krona Swedia 42.216.684 41.514.725 62.812 61.768 1.044 Swedish Krona
Dolar Singapura 648.245.749 648.309.034 7.515.036 7.515.768 732 Singapore Dollar
Yuan Cina (CNH) 206.252.248 204.759.863 460.871 457.536 3.335 (CNH) Chinese Yuan
Dolar Australia 64.585.005 64.509.455 681.881 681.083 798 Australian Dollar
Euro Eropa 77.557.484 77.561.910 1.286.037 1.286.110 73 European Euro
Yuan Cina (CNY) 26.855.769 26.667.863 60.128 59.707 421 (CNY) Chinese Yuan
Dolar Hong Kong 949.727 652.816 1.896 1.303 593 Hong Kong Dollar
Pound Sterling Inggris 5.044.348 5.065.066 94.765 95.154 389 Great Britain Pound Sterling
Dolar Selandia Baru 2.330.051 2.310.493 22.953 22.761 192 New Zealand Dollar
Dolar Kanada 1.663.976 1.622.424 19.113 18.636 477 Canadian Dollar
Franc Swiss 476.380 475.081 8.017 7.994 23 Swiss Franc
152
Page 527
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
38. Posisi Devisa Neto 38. Net Open Position
Posisi Devisa Neto (PDN) pada tanggal The Net Open Positions (NOP) as of
31 Desember 2023 dan 2022 adalah sebagai 31 December 2023 and 2022 are as follows:
berikut: (lanjutan) (continued)
31 Desember/31 December 2022
Mata uang asing
(nilai penuh)/
Foreign currencies Ekuivalen rupiah/
(full amount) Rupiah equivalent
Posisi Devisa
Neto/
Aset/ Liabilitas/ Aset/ Liabilitas/ Net Open
Assets Liabilities Assets Liabilities Position
Keseluruhan (laporan Aggregate (statement of
posisi keuangan dan financial position and
rekening administratif) and administrative accounts)
Baht Thailand 40.638.521 - 18.316 - 18.316 Thailand Baht
Ringgit Malaysia 22.490 201 79 1 78 Malaysian Ringgit
Total 16.283.082.129 16.251.534.298 122.970.801 123.166.565 246.860 Total
Total modal Desember 2022 16.347.435 Total capital December 2022
Rasio PDN atas modal Percentage of NOP to
Desember 2022 (keseluruhan) 1,51% December 2022 capital (aggregate)
Total modal November 2022 Total capital November 2022
(tidak diaudit) 16.220.725 (unaudited)
Rasio PDN atas modal Percentage of NOP to
November 2022 (keseluruhan) November 2022 capital
(tidak diaudit) 1,52% (aggregate) (unaudited)
Sesuai dengan PBI No. 17/5/PBI/2015 tanggal In accordance with PBI No. 17/5/PBI/2015 dated
29 Mei 2015 tentang perubahan keempat atas 29 May 2015 regarding the fourth amendment of
PBI No. 5/13/PBI/2003 tanggal 17 Juli 2003 PBI No. 5/13/PBI/2003 dated 17 July 2003
tentang Posisi Devisa Neto, bank diwajibkan regarding Net Open Position, banks are required to
untuk memelihara PDN secara keseluruhan maintain overall NOP at a maximum of 20% of
setinggi-tingginya adalah sebesar 20% dari capital.
modal.
PDN secara keseluruhan merupakan jumlah Overall NOP is the absolute amount of the
absolut dari selisih antara aset dan liabilitas difference between assets and liabilities
dalam mata uang asing yang disajikan dalam denominated in foreign currencies which is
Rupiah ditambah dengan selisih bersih dari presented in Rupiah plus the net difference from
tagihan dan liabilitas komitmen dan kontinjensi claims and liabilities on commitments and
yang dicatat dalam rekening administratif untuk contingencies recorded in administrative accounts
setiap mata uang asing yang disajikan dalam for each foreign currency which is presented in
Rupiah. Rupiah.
PDN Bank pada tanggal 31 Desember 2023 dan The NOP of the Bank as of 31 December 2023 and
2022 telah memenuhi ketentuan BI. 2022 are in compliance with BI regulations.
153
Page 528
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Informasi Penting 39. Significant Information
Rasio Kewajiban Penyediaan Modal Minimum Capital Adequacy Ratio
Pada tanggal 31 Desember 2023 dan 2022 rasio As of 31 December 2023 and 2022, the Bank’s
Kewajiban Penyediaan Modal Minimum (KPMM) Capital Adequacy Ratio (CAR) is computed in
Bank dihitung berdasarkan POJK accordance with POJK No. 34/POJK.03/2016
No. 34/POJK.03/2016 tanggal 22 September dated 22 September 2016 and is computed in
2016 dan disusun berdasarkan PBI accordance with PBI No. 14/18/PBI/2012 dated
No. 14/18/PBI/2012 tanggal 28 November 2012 28 November 2012 and PBI No. 15/12/PBI/2013
dan PBI No. 15/12/PBI/2013 tanggal dated 12 December 2013 with calculation as
12 Desember 2013 dengan perhitungan sebagai follows:
berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Modal inti 15.639.914 14.542.529 Core capital
Modal pelengkap 1.478.057 1.804.906 Supplementary capital
Total modal 17.117.971 16.347.435 Total capital
Aset Tertimbang Menurut
Risiko Kredit 80.840.210 86.391.709 Credit Risk Weighted Assets
Aset Tertimbang Menurut
Risiko Pasar 4.875.344 1.892.538 Market Risk Weighted Assets
Aset Tertimbang Menurut
Risiko Operasional 7.747.054 10.344.473 Operational Risk Weighted Assets
Rasio CET1 16,73% 14,74% CET1 ratio
Rasio Tier 1 16,73% 14,74% Tier 1 ratio
Rasio Tier 2 1,58% 1,83% Tier 2 ratio
Rasio total 18,32% 16,57% Total ratio
Rasio KPMM yang diwajibkan Required Capital Adequacy Ratio
sesuai dengan profil risiko 9,00% 9,00% in accordance with risk profile
Capital conservation buffer 2,500% 2,500% Capital conservation buffer
Countercyclical buffer 0,000% 0,000% Countercyclical buffer
Capital surcharge untuk Bank Sistemik 0,000% 0,000% Capital surcharge for D-SIB
Persentase buffer yang wajib Buffer which must be fulfilled
dipenuhi oleh Bank 2,500% 2,500% by the Bank
CET1 untuk buffer 9,32% 7,57% CET1 for buffer
Berdasarkan POJK No. 34/POJK.03/2016 tanggal Based on POJK No. 34/POJK.03/2016 dated
22 September 2016 tentang Kewajiban 22 September 2016 concerning Capital Adequacy
Penyediaan Modal Minimum, Bank wajib Ratio, the Bank is required to establish additional
membentuk tambahan modal sebagai penyangga capital as a buffer with explanation as follows:
dengan penjelasan sebagai berikut:
a. Capital Conservation Buffer adalah a. Capital Conservation Buffer is additional
tambahan modal yang berfungsi sebagai capital which serves as a buffer in the event of
penyangga apabila terjadi kerugian pada a loss in the period of crisis;
periode krisis;
154
Page 529
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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. Informasi Penting (lanjutan) 39. Significant Information (continued)
Rasio Kewajiban Penyediaan Modal Minimum Capital Adequacy Ratio (continued)
(lanjutan)
Berdasarkan POJK No. 34/POJK.03/2016 tanggal Based on POJK No. 34/POJK.03/2016 dated
22 September 2016 tentang Kewajiban 22 September 2016 concerning Capital Adequacy
Penyediaan Modal Minimum, Bank wajib Ratio, the Bank is required to establish additional
membentuk tambahan modal sebagai penyangga capital as a buffer with explanation as follows:
dengan penjelasan sebagai berikut: (lanjutan) (continued)
b. Countercyclical Buffer adalah tambahan b. Countercyclical Buffer is an additional capital
modal yang berfungsi untuk mengantisipasi which serves to anticipate losses in the event
kerugian apabila terjadi pertumbuhan kredit of excessive credit growth and thus, potentially
perbankan yang berlebihan sehingga disrupt the stability of the financial system;
berpotensi mengganggu stabilitas sistem
keuangan;
c. Capital Surcharge untuk Domestic c. Capital Surcharge for Domestic Systemically
Systemically Important Bank (D-SIB) adalah Important Banks (D-SIB) is additional capital
tambahan modal yang berfungsi untuk which serves to reduce the negative impact on
mengurangi dampak negatif terhadap the stability of the financial system and
stabilitas sistem keuangan dan economy in the event of the Bank’s failure
perekonomian apabila terjadi kegagalan which has a systemic effect through an
Bank yang berdampak sistemik melalui increase in the Bank's ability to absorb losses.
peningkatan kemampuan Bank dalam
menyerap kerugian.
Pemenuhan modal sebagai penyangga harus Fulfillment of capital as a buffer should be met by
dipenuhi dengan menggunakan komponen Modal using components of Common Equity Tier 1.
Inti Utama (Common Equity Tier 1).
155
Page 530
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. Jatuh Tempo Aset dan Liabilitas Bank 40. Remaining Maturity Periods of the Bank’s Assets and Liabilities
Aset dan liabilitas Bank pada tanggal 31 Desember 2023 dan 2022 berdasarkan waktu yang As of 31 December 2023 and 2022, the Bank’s assets and liabilities based on the
tersisa sampai dengan tanggal jatuh tempo adalah sebagai berikut: remaining period of maturities are as follows:
31 Desember/31 December 2023
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Aset Assets
Kas 603.540 - - - - - 603.540 Cash
Giro pada Bank Indonesia 9.901.077 - - - - - 9.901.077 Current accounts with Bank Indonesia
Giro pada bank lain - neto 981.776 - - - - - 981.776 Current accounts with other banks - net
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain - neto - 2.135.930 - - - - 2.135.930 Indonesia and other banks - net
Efek-efek yang
diperdagangkan - 2.031 2.647 689.630 579.802 1.484.126 2.758.236 Trading securities
Investasi keuangan - neto - 1.447.978 4.093.399 9.122.263 12.997.122 5.376.615 33.037.377 Financial investments - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - 3.215.259 9.000.519 8.880.398 1.582.077 - 22.678.253 agreements to resell
Tagihan derivatif - 65.753 107.543 210.897 407.225 49.276 840.694 Derivative receivables
Kredit yang diberikan - neto - 5.506.456 11.928.852 30.750.222 20.251.496 11.474.816 79.911.842 Loans - net
Tagihan akseptasi - neto - 969.734 835.226 686.651 7.055 - 2.498.666 Acceptance receivables - net
Aset pajak tangguhan - neto 733.560 - - - - - 733.560 Deferred tax assets - net
Aset tetap dan aset hak guna 2.684.772 - - - - - 2.684.772 Fixed assets and right-of-use assets
Aset tidak berwujud 1.130.306 - - - - - 1.130.306 Intangible assets
Aset lain-lain - neto 523.289 1.520.082 536.525 45.527 24.854 - 2.650.277 Other assets - net
Total Aset 16.558.320 14.863.223 26.504.711 50.385.588 35.849.631 18.384.833 162.546.306 Total Assets
156
Page 531
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 40. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Aset dan liabilitas Bank pada tanggal 31 Desember 2023 dan 2022 berdasarkan waktu yang As of 31 December 2023 and 2022, the Bank’s assets and liabilities based on the
tersisa sampai dengan tanggal jatuh tempo adalah sebagai berikut: (lanjutan) remaining period of maturities are as follows: (continued)
31 Desember/31 December 2023
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Liabilitas segera - 475.355 - - - - 475.355 Current liabilities
Simpanan dari nasabah 61.098.269 26.740.521 20.987.937 10.305.600 147.789 2.425 119.282.541 Deposits from customers
Simpanan dari bank lain 124.359 1.273.400 - 1.000 - - 1.398.759 Deposits from other banks
Bunga yang masih harus
dibayar 199.137 - - - - 199.137 Interest payables
Utang pajak - 170.850 - - - - 170.850 Tax payables
Liabilitas derivatif - 79.561 116.214 501.869 481.926 43.030 1.222.600 Derivative payables
Liabilitas akseptasi - 930.056 796.809 678.261 7.055 - 2.412.181 Acceptance liabilities
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under
dibeli kembali - 13.295.961 - - - - 13.295.961 repurchase agreements
Liabilitas atas
Imbalan kerja - - - 77.772 135.509 131.091 344.372 Liabilities for employee benefit
Efek utang yang
diterbitkan - - - 599.181 748.242 96.000 1.443.423 Debt securities issued
Liabilitas lain-lain 2.250.766 1.015.509 538.180 754.063 141.180 - 4.699.698 Other liabilities
Total Liabilitas 63.473.394 44.180.350 22.439.140 12.917.746 1.661.701 272.546 144.944.877 Total Liabilities
Neto (46.915.074) (29.317.127 ) 4.065.571 37.467.842 34.187.930 18.112.287 17.601.429 Net
.
157
Page 532
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 40. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Aset dan liabilitas Bank pada tanggal 31 Desember 2023 dan 2022 berdasarkan waktu yang As of 31 December 2023 and 2022, the Bank’s assets and liabilities based on the
tersisa sampai dengan tanggal jatuh tempo adalah sebagai berikut: (lanjutan) remaining period of maturities are as follows: (continued)
31 Desember/31 December 2022
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Aset Assets
Kas 717.402 - - - - - 717.402 Cash
Giro pada Bank Indonesia 8.869.574 - - - - - 8.869.574 Current accounts with Bank Indonesia
Giro pada bank lain - neto 1.093.934 - - - - - 1.093.934 Current accounts with other banks - net
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain - neto - 5.855.629 - - - - 5.855.629 Indonesia and other banks - net
Efek-efek yang
diperdagangkan - - 4.591 31.485 187.000 370.702 593.778 Trading securities
Investasi keuangan - neto - 1.796.674 2.702.080 2.966.952 16.071.122 4.416.328 27.953.156 Financial investments - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - 1.051.846 1.818.438 - - - 2.870.284 agreements to resell
Tagihan derivatif - 54.274 163.620 522.208 558.844 21.791 1.320.737 Derivative receivables
Kredit yang diberikan - neto - 8.444.293 10.075.962 34.104.191 18.465.697 10.208.428 81.298.571 Loans - net
Tagihan akseptasi - neto - 889.802 1.559.871 1.224.702 8.824 - 3.683.199 Acceptance receivables - net
Aset pajak tangguhan - neto 747.018 - - - - - 747.018 Deferred tax assets - net
Aset tetap dan aset hak guna 1.408.027 - - - - - 1.408.027 Fixed assets and right-of-use assets
Aset lain-lain - neto 488.573 1.203.661 120.073 41.514 10.977 - 1.864.798 Other assets - net
Total Aset 13.324.528 19.296.179 16.444.635 38.891.052 35.302.464 15.017.249 138.276.107 Total Assets
158
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The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 40. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Aset dan liabilitas Bank pada tanggal 31 Desember 2023 dan 2022 berdasarkan waktu yang As of 31 December 2023 and 2022, the Bank’s assets and liabilities based on the
tersisa sampai dengan tanggal jatuh tempo adalah sebagai berikut: (lanjutan) remaining period of maturities are as follows: (continued)
31 Desember/31 December 2022
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Liabilitas segera - 192.839 - - - - 192.839 Current liabilities
Simpanan dari nasabah 62.709.673 28.469.842 11.813.102 10.858.438 63.574 2.642 113.917.271 Deposits from customers
Simpanan dari bank lain 199.648 2.500 3.000 1.000 - - 206.148 Deposits from other banks
Bunga yang masih harus
dibayar - 132.472 - - - - 132.472 Interest payables
Utang pajak - 195.938 - - - - 195.938 Tax payables
Liabilitas derivatif - 75.510 65.558 239.625 1.002.008 17.834 1.400.535 Derivative payables
Liabilitas akseptasi - 865.469 1.223.006 1.154.352 8.825 - 3.251.652 Acceptance liabilities
Liabilitas atas
Imbalan kerja - - - 56.476 110.211 91.718 258.405 Liabilities for employee benefit
Efek utang yang
diterbitkan - - - 154.690 1.345.722 95.256 1.595.668 Debt securities issued
Liabilitas lain-lain 312.882 305.902 47.055 1.006.741 83.895 7.362 1.763.837 Other liabilities
Total Liabilitas 63.222.203 30.240.472 13.151.721 13.471.322 2.614.235 214.812 122.914.765 Total Liabilities
Neto (49.897.675) (10.944.293 ) 3.292.914 25.419.730 32.688.229 14.802.437 15.361.342 Net
.
159
Page 534
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 40. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Tabel di bawah ini menunjukkan sisa jatuh tempo kontraktual dari liabilitas keuangan Bank The table below shows the remaining contractual maturities of the Bank’s financial
berdasarkan pada arus kas yang tidak didiskonto: liabilities based on undiscounted cash flow:
31 Desember/31 December 2023
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Liabilitas segera - 475.355 - - - - 475.355 Current liabilities
Simpanan dari nasabah 61.098.269 26.926.044 21.158.095 10.424.542 150.763 2.860 119.760.573 Deposits from customers
Simpanan dari bank lain 124.359 1.275.588 - 1.000 - - 1.400.947 Deposits from other banks
Bunga yang masih harus
dibayar - 199.137 - - - - 199.137 Interest payables
Liabilitas derivatif - 79.561 116.214 501.869 481.926 43.030 1.222.600 Derivative payables
Liabilitas akseptasi - 930.056 796.809 678.261 7.055 - 2.412.181 Acceptance liabilities
Liabilitas atas surat berharga Liabilities on securities
yang dijual dengan janji sold under
dibeli kembali - 13.295.961 - - - - 13.295.961 repurchase agreements
Efek utang yang
diterbitkan - 10.823 21.646 686.752 912.146 102.089 1.733.456 Debt securities issued
Liabilitas lain-lain 2.250.767 1.015.509 538.180 754.063 141.180 - 4.699.699 Other liabilities
Total Liabilitas 63.473.395 44.208.034 22.630.944 13.046.487 1.693.070 147.979 145.199.909 Total Liabilities
160
Page 535
The original financial statements included herein are in the Indonesian language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2022 dan untuk As of 31 December 2022
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. Jatuh Tempo Aset dan Liabilitas Bank (lanjutan) 40. Remaining Maturity Periods of the Bank’s Assets and Liabilities (continued)
Tabel di bawah ini menunjukkan sisa jatuh tempo kontraktual dari liabilitas keuangan Bank The table below shows the remaining contractual maturities of the Bank’s financial
berdasarkan pada arus kas yang tidak didiskonto: (lanjutan) liabilities based on undiscounted cash flow: (continued)
31 Desember/31 December 2022
Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 tahun
sampai dengan sampai dengan sampai dengan
Tanpa Sampai 3 bulan/ 12 bulan/ 5 tahun/ Lebih dari
jangka waktu/ dengan More than More than More than 5 tahun/
No contractual 1 bulan/ 1 month up to 3 months up to 1 year up to More than
Keterangan maturity up to 1 month 3 months 12 months 5 years 5 years Total Description
Liabilitas segera - 192.839 - - - - 192.839 Current liabilities
Simpanan dari nasabah 62.709.673 28.588.364 11.924.208 10.973.824 68.404 3.236 114.267.709 Deposits from customers
Simpanan dari bank lain 199.648 2.500 3.000 1.000 - - 206.148 Deposits from other banks
Bunga yang masih harus
dibayar - 132.472 - - - - 132.472 Interest payables
Liabilitas derivatif - 75.510 65.558 239.625 1.002.008 17.834 1.400.535 Derivative payables
Liabilitas akseptasi - 865.469 1.223.006 1.154.352 8.825 - 3.251.652 Acceptance liabilities
Efek utang yang
diterbitkan - 11.956 23.914 259.278 1.625.059 110.200 2.030.407 Debt securities issued
Liabilitas lain-lain 312.882 305.902 47.055 1.006.741 83.895 7.362 1.763.837 Other liabilities
Total Liabilitas 63.222.203 30.175.012 13.286.741 13.634.820 2.788.191 138.632 123.245.599 Total Liabilities
161
Page 536
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko 41. Risk Management Policies
Pelaksanaan fungsi manajemen risiko meliputi Implementation of risk management function
hal-hal terkait dengan upaya identifikasi, includes identification, assessment, measurement,
penilaian, pengukuran, evaluasi, pemantauan evaluation, monitoring and risk controls, including
dan pengendalian risiko termasuk the development of technology and management
pengembangan teknologi dan sistem informasi information system in each risk faced by the Bank,
manajemen di setiap jenis risiko yang dihadapi as well as the improvement of human resource
oleh Bank, serta peningkatan kualitas sumber quality in order to manage the risks.
daya manusia dalam pengelolaan risiko tersebut.
Secara garis besar, Kebijakan Manajemen Risiko Generally, the Risk Management Policy refers to
mengacu pada peraturan regulator, dimana the regulatory provision of which the
penerapannya mencakup empat pilar manajemen implementation includes the four pillars of risk
risiko yang ditetapkan dalam POJK management as stipulated in OJK Regulation No.
No. 18/POJK.03/2016 tentang Penerapan 18/POJK.03/2016 concerning Risk Management
Manajemen Risiko Bagi Bank Umum sebagai Implementation for Commercial Banks as follows:
berikut:
1. Pengawasan aktif dari Dewan Komisaris dan 1. Active supervision of the Board of
Direksi; Commissioners and the Board of Directors;
2. Kecukupan kebijakan dan prosedur 2. Adequacy of risk management policies,
manajemen risiko serta penetapan limit procedures and risk limit stipulation;
risiko;
3. Kecukupan proses identifikasi, pengukuran, 3. Adequacy of risk identification, measurement,
pemantauan, dan pengendalian risiko, serta monitoring and controlling process, as well as
sistem informasi manajemen risiko; dan risk management information system; and
4. Sistem pengendalian internal yang 4. A comprehensive internal control system.
menyeluruh.
Dewan Komisaris dan Direksi bertanggung jawab The Board of Commissioners and the Board of
untuk memastikan bahwa penerapan manajemen Directors are responsible to ensure the adequacy
risiko telah memadai sesuai dengan karakteristik, of risk management implementation tailored with
kompleksitas dan profil risiko Bank, serta the characteristic, complexity, and risk profile of the
memahami dengan baik jenis dan tingkat risiko Bank, and have a good understanding on the type
yang melekat pada kegiatan bisnis Bank. Untuk and level of risks inherent in the Bank’s business
mendukung hal tersebut, dibentuk komite-komite activities. To support this, committees are formed
untuk mengkaji masalah terkait manajemen to assess issues related to risk management,
risiko, termasuk rencana perbaikan jika including the improvement plan if necessary, to
dibutuhkan, memberikan persetujuan atas give approval for various risk management policies,
berbagai kebijakan manajemen risiko, mengkaji to assess the risk profile reports and to evaluate the
laporan profil risiko, dan mengevaluasi implementation of the Bank’s risk control system.
pelaksanaan sistem pengendalian Bank. Komite One of the committees at the commissioner level is
yang dibentuk pada level komisaris salah satunya the Risk Monitoring Committee (ROC), whereas at
yaitu Komite Independen Pemantau Risiko the director level are the Risk Management
(KIPER), sedangkan pada level direksi antara lain Committee (RMC), Asset and Liability Committee
Komite Manajemen Risiko (RMC), Komite Aktiva (ALCO), Credit Policy Committee (CPC) and
dan Pasiva (ALCO), Komite Kebijakan Kredit others.
(CPC) dan lainnya.
Penetapan kebijakan manajemen risiko sesuai Risk management policies are determined in
dengan profil risiko Bank yaitu mencakup 8 tipe accordance with the Bank's risk profile which
risiko yang terdiri dari risiko kredit, risiko pasar, includes 8 types of risks consists of credit risk,
risiko likuiditas, risiko operasional, risiko market risk, liquidity risk, operational risk,
kepatuhan, risiko stratejik, risiko hukum dan risiko compliance risk, strategic risk, legal risk and
reputasi. reputation risk.
162
Page 537
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Manajemen risiko kredit dalam kondisi Credit risk management during the COVID-19
pandemi COVID-19 pandemic
Dalam rangka mendukung upaya pemerintah In order to support the government's efforts to
dalam mempertahankan stabilitas ekonomi, Bank maintain economic stability, the Bank has policies
telah menyiapkan kebijakan dan prosedur and procedures in place for credit restructuring for
restrukturisasi kredit bagi debitur yang terdampak debtors affected by COVID-19 through internal
COVID-19 melalui ketentuan internal baik berupa regulations in the form of Circular and Directors
Surat Edaran maupun Surat Keputusan Direksi Decree regarding UOBI COVID-19 General Credit
tentang Kebijakan dan Panduan Bantuan Kredit Policy and Guideline including its updates which
Umum COVID-19 UOBI beserta perubahannya was effective since 8 April 2020. In this policy,
yang berlaku sejak tanggal 8 April 2020. Dalam criteria for debtors and business sectors affected by
kebijakan tersebut, telah diatur kriteria debitur dan COVID-19 that can be restructured have been
sektor usaha terdampak COVID-19 yang dapat regulated. Relaxation is carried out specifically for
dilakukan restrukturisasi. Relaksasi dilakukan debtors and sectors affected by COVID-19 with
khusus untuk debitur dan sektor yang terdampak reference to POJK No. 11/POJK.03/2020 which
COVID-19 dengan mengacu pada POJK was updated by POJK No. 48/POJK.03/2020 and
No. 11/POJK.03/2020 yang diperbaharui dengan POJK No.17/POJK.03/2021, Decree of the Board
POJK No. 48/POJK.03/2020 dan POJK of Commissioners of OJK No. 34/KDK.03/2022
No. 17/POJK.03/2021, Keputusan Dewan concerning Stipulation of the Sector for Provision of
Komisioner OJK No.34/KDK.03/2022 tentang Accommodation and Provision of Food and Drink,
Penetapan Sektor Penyediaan Akomodasi dan the Textile and Textile Products and Footwear
Penyediaan Makan Minum, Sektor Tekstil dan Sectors, the Micro, Small and Medium Enterprises
Produk Tekstil serta Alas Kaki, Segmen Usaha Segment, and the Province of Bali as a Sector and
Mikro, Kecil dan Menengah, serta Provinsi Bali Region in Need Special Treatment for Bank Credit
Sebagai Sektor dan Daerah yang Memerlukan or Financing, and Regulation of the Coordinating
Perlakuan Khusus Terhadap Kredit atau Minister for the Economy No. 6/2020 and the
Pembiayaan Bank, dan Peraturan Menko Bank's internal regulations.
Perekonomian No. 6/2020 dan ketentuan internal
Bank.
Dalam upaya mitigasi terjadi risiko kredit, Bank In an effort to mitigate credit risk, the Bank
melakukan analisa kredit yang memadai bagi conducted adequate credit analysis for debtors who
debitur yang mengajukan permohonan apply for restructuring and to minimize the risk of
restrukturisasi dan meminimalisasi risiko improperly granting restructuring. The stimulus is
pemberian restrukturisasi yang tidak tepat only given to debtors who meet the criteria set by
sasaran. Pemberian stimulus hanya diberikan the Bank.
kepada debitur yang memenuhi kriteria yang
ditetapkan oleh Bank.
163
Page 538
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Dengan diterapkannya kebijakan tersebut, With the implementation of this policy, it is expected
diharapkan debitur-debitur Bank yang terdampak that the Bank’s debtors who are affected by the
pandemi COVID-19 dapat terbantu dan kualitas COVID-19 pandemic can be supported and the
portofolio Bank dapat tetap terjaga dengan baik. quality of the Bank's portfolio can be maintained
Dalam kaitan dengan kondisi dampak dari properly. In relation to the condition of the impact of
pandemi COVID-19 yang masih ada, Bank juga the COVID-19 pandemic that still exists, the Bank
telah memperkuat pelaksanaan kerangka kerja has also intensified the implementation of its credit
pengawasan kredit yang telah dimiliki oleh Bank monitoring framework that the Bank has been in
dan sudah berjalan secara efektif dalam place and has been running effectively in
memantau kinerja debitur, baik secara individual monitoring the performance of debtors, both
maupun portofolio. Pemantauan yang lebih individually as well as on portfolio basis. The more
intensif ini dilakukan agar dapat memberikan intensive monitoring is carried out in order to
early warning signal dan memastikan mitigasi provide early warning signals and ensure the
risiko yang ditetapkan dapat tepat guna dalam designed risk mitigation is effective in maintaining
menjaga kualitas kredit selama masa pandemi. credit quality during the pandemic period. The
Mekanisme pemantauan kredit dilakukan melalui credit monitoring mechanism is carried out through
analisa watchlist atau health check terhadap a watchlist or health check analysis of all debtors,
seluruh debitur terutama entitas debitur yang especially debtor entities that are affected or are in
terdampak atau berada pada sektor usaha the business sector affected by COVID-19 with
terdampak 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 and
dengan POJK No. 48/POJK.03/2020 dan POJK POJK No. 17/POJK.03/2021, and Decree of the
No. 17/POJK.03/2021, dan Keputusan Dewan Board of Commissioners of OJK No.
Komisioner OJK No.34/KDK.03/2022 tentang 34/KDK.03/2022 concerning Stipulation of the
Penetapan Sektor Penyediaan Akomodasi dan Sector for Provision of Accommodation and
Penyediaan Makan Minum, Sektor Tekstil dan Provision of Food and Drink, the Textile and Textile
Produk Tekstil serta Alas Kaki, Segmen Usaha Products and Footwear Sectors, the Micro, Small
Mikro, Kecil dan Menengah, serta Provinsi Bali and Medium Enterprises Segment, and the
Sebagai Sektor dan Daerah yang Memerlukan Province of Bali as a Sector and Region in Need
Perlakuan Khusus Terhadap Kredit atau Special Treatment for Bank Credit or Financing, as
Pembiayaan Bank, serta ketentuan internal Bank. well as the Bank's internal regulations. Debtors that
Debitur yang berpotensi mengalami penurunan have the potential to experience a decline in
kinerja wajib dipantau dengan action plan yang performance must be monitored with an action plan
dipantau pelaksanaannya secara berkelanjutan. where the implementation is monitored on an
ongoing basis.
Risiko kredit Credit risk
Risiko kredit didefinisikan sebagai risiko kerugian Credit risk is defined as the risk of loss arising from
yang timbul dari kegagalan debitur atau any failure by a debtor or a counterparty to fulfill its
counterparty dalam memenuhi kewajiban financial obligations as and when they fall due.
keuangannya pada saat jatuh tempo.
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows:
berikut:
1. Pemisahan tugas antara berbagai fungsi 1. Segregation of duties among functions in
dalam pemberian kredit granting credit
Terdapat pemisahan tugas antara fungsi kerja There is segregation of duties between
originasi (bisnis), fungsi kerja administrasi origination function (business), credit
kredit, fungsi kerja kredit, dan fungsi kerja administration function, credit function, and risk
manajemen risiko untuk menjaga management function to maintain
independensi dan integritas dari berbagai independence and integrity of the various credit
fungsi kredit tersebut. functions.
164
Page 539
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
1. Pemisahan tugas antara berbagai fungsi 1. Segregation of duties among functions in
dalam pemberian kredit (lanjutan) granting credit (continued)
Bank menetapkan struktur delegasi Batas The Bank established a structure for the
Wewenang Persetujuan Kredit (CDL) yang delegation of Credit Discretionary Limits (CDL)
juga meliputi proses eskalasi persetujuan atas which is also including the escalation process
penyimpangan, pelampauan, dan for the approval of exception, excesses and
perpanjangan kredit di luar pagu yang telah credit extension beyond prescribed limits. The
ditetapkan. Pemberian delegasi Batas delegation of CDL to certain individual is
Wewenang Persetujuan Kredit yang diberikan performed through a stringent process that
kepada individu tertentu dilakukan melalui takes into consideration the experience,
proses yang ketat dengan mempertimbangkan seniority and track record of the officer. Credit
pengalaman, senioritas dan rekam jejak dari Risk Management Division acts as the
pejabat tersebut. Divisi Credit Risk custodian of the CDL structure to ensure that
Management bertindak sebagai pengelola the CDLs are properly administered.
Batas Wewenang Persetujuan Kredit dan juga
memastikan bahwa hal ini telah
diadministrasikan secara baik.
Divisi Credit Risk Management secara Credit Risk Management Division provides
independen melakukan pengawasan terhadap independent oversight of credit risk and is
risiko kredit dan bertanggung jawab untuk responsible to report and analyse all elements
melaporkan dan menganalisa semua elemen of credit risk.
risiko kredit.
2. Kebijakan dan prosedur risiko kredit 2. Credit risk policies and procedures
Bank telah menerbitkan beberapa kebijakan The Bank has issued several policies related to
terkait pengelolaan risiko kredit antara lain managing credit risk including the following:
sebagai berikut:
a. Kebijakan Manajemen Risiko Kredit yang a. Credit Risk Management Policy that
mengatur prinsip-prinsip utama dalam governs core principals in lending, credit
pemberian, pengelolaan dan risk management and monitoring.
pemantauan risiko kredit.
b. Kebijakan Kredit Umum untuk segmen b. General Credit Policy for Wholesale
Wholesale Banking serta Kebijakan Banking segments and Consumer Credit
Kredit Konsumsi yang mengatur tata cara Policy that govern the principles of
pemberian kredit konsumsi dan berbagai consumer credit extension, and various
prinsip dan standar kredit guna mengelola credit principles and standards by which
risiko kredit Bank pada segmen Retail the Bank undertakes and manages the
Banking. credit risk in the Retail Banking segments.
c. Kebijakan Manajemen Risiko Konsentrasi c. Credit Concentration Risk Management
Kredit untuk mengelola risiko konsentrasi Policy to manage credit concentration risk.
kredit.
d. Pedoman Klasifikasi Aset Basel yang d. Basel Asset Classification Guideline that
memberikan pedoman atas gives the guidelines for classifying
pengelompokkan eksposur ke dalam exposures into the Basel Asset Classes
Kelas Aset Basel untuk perhitungan for Risk Weighted Asset calculation.
Aktiva Tertimbang Menurut Risiko.
165
Page 540
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
2. Kebijakan dan prosedur risiko kredit (lanjutan) 2. Credit risk policies and procedures (continued)
Bank telah menerbitkan beberapa kebijakan The Bank has issued several policies related to
terkait pengelolaan risiko kredit antara lain managing credit risk including the following:
sebagai berikut: (lanjutan) (continued)
e. Kebijakan dan Pedoman Umum e. UOBI COVID-19 General Credit Relief
Relaksasi Kredit UOBI terkait COVID-19 Policy and Guideline according to OJK
sesuai dengan arahan OJK dan and management direction to provide
manajemen untuk memberikan panduan umbrella guidance on the criteria,
payung terkait kriteria, parameter, parameter, implementation, monitoring
pelaksanaan, pengawasan dan and reporting of Temporary Relief
pelaporan Program Relaksasi Sementara Program across all business lines.
di semua lini bisnis.
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit portfolios
kredit
Divisi Credit Risk Management menjadi Credit Risk Management Division acts as
pengawas independen dan melakukan independent overseer and performs portfolio
pemantauan portofolio dengan melakukan kaji monitoring by conducting regular reviews of
ulang secara berkala atas risiko internal dan internal and external risk environment and credit
eksternal dan parameter-parameter risiko risk parameters i.e., delinquency trend, special
kredit seperti tren delinquency, Dalam mention, watchlist accounts, concentration risk,
Perhatian Khusus (DPK), watchlist accounts, loan quality movement and others.
risiko konsentrasi, pergerakan kualitas kredit
dan lainnya.
Hasil pemantauan portofolio kredit Outcomes of credit portfolio monitoring is
disampaikan kepada Manajemen Senior dan reported to Senior Management and Board of
Direksi melalui Laporan Credit Risk Highlight. Directors through the Credit Risk Highlight.
Divisi Credit Risk Management juga secara Credit Risk Management Division also
independen melakukan reviu terhadap akun- independently review the watchlist accounts
akun watchlist dan memastikan bahwa akun- and ensure that the accounts are proactively
akun tersebut dikelola secara proaktif untuk managed to minimize the losses of the Bank
meminimalkan kerugian Bank serta memiliki and has an appropriate collectability in
kolektibilitas sesuai dengan ketentuan internal accordance with the Bank's internal regulations
Bank dan ketentuan regulator. and regulatory provisions.
Bank juga telah membentuk Credit The Bank formed a Credit Management
Management Working Group (CMWG) dan Working Group (CMWG) and Credit Portfolio
Credit Portfolio Quality Management (CPQM) Quality Management (CPQM) which are
yaitu kelompok kerja yang dibentuk dengan working groups with key objective to monitor
tujuan utama untuk melakukan pemantauan credit quality of the Bank, implement
atas kualitas kredit yang dimiliki oleh Bank, restructuring strategy, monitor portfolio
menerapkan strategi restrukturisasi, performance and discuss account strategies for
melakukan pemantauan portofolio dan vulnerable accounts.
membahas langkah penyelesaian terhadap
kredit yang dianggap rentan.
166
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio kredit 3. Management and monitoring of credit portfolios
(lanjutan) (continued)
Pengelolaan risiko konsentrasi kredit Credit concentration risk management
Risiko konsentrasi kredit didefinisikan sebagai Credit concentration risk is defined as any
eksposur tunggal atau kelompok atau single or group or portfolio exposures with the
portofolio yang berpotensi menghasilkan potential to generate substantial losses (relative
kerugian yang cukup besar (relatif terhadap to the Bank’s capital, total assets or overall risk
modal Bank, total aktiva atau tingkat risiko level) which may threaten the Bank’s health or
secara keseluruhan) yang mungkin ability to maintain its core operations. As lending
mengancam kesehatan Bank atau is the Bank’s primary activity, therefore credit
kemampuan Bank untuk mempertahankan concentration risk is concerned as material risk.
operasi intinya. Oleh karena kredit adalah
aktivitas utama Bank, maka risiko konsentrasi
kredit termasuk risiko yang material.
Konsentrasi risiko kredit berdasarkan jenis Concentration of credit risk by type of debtors
debitur adalah sebagai berikut: are as follows:
31 Desember/31 December 2023
Pemerintah
dan Bank
Indonesia/
Government
and Bank Ritel/
Wholesale Indonesia Bank Retail Total
Current accounts with Bank
Giro pada Bank Indonesia - 9.901.077 - - 9.901.077 Indonesia
Current accounts with
Giro pada bank lain - neto - - 984.482 - 984.482 other banks - net
Penempatan pada Bank Placements with
Indonesia dan Bank Indonesia
bank lain - neto - 1.845.697 290.233 - 2.135.930 and other banks- net
Efek-efek yang
diperdagangkan 195.887 2.562.100 249 - 2.758.236 Trading securities
Investasi keuangan - neto 911.919 25.098.147 7.027.311 - 33.037.377 Financial investments - net
Tagihan derivatif 15.420 - 825.274 - 840.694 Derivative receivables
Kredit yang
diberikan - neto 69.368.001 - 1.650.556 8.893.285 79.911.842 Loans - net
Tagihan atas surat Receivables on securities
berharga yang dibeli purchased with
dengan janji dijual agreements to
kembali - neto - 21.096.176 1.582.077 - 22.678.253 resell - net
Tagihan akseptasi - neto 2.498.666 - - - 2.498.666 Acceptance receivables - net
Aset lain-lain* 618.076 811 322.709 45.930 987.526 Other assets*
Total 73.607.969 60.504.008 12.682.891 8.939.215 155.734.083 Total
Persentase 47,27% 38,85% 8,14% 5,74% 100,00% Percentage
* Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan transaksi spot. Other assets consist of interest receivables, security deposits and spot
transaction.
167
Page 542
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio kredit 3. Management and monitoring of credit portfolios
(lanjutan) (continued)
Pengelolaan risiko konsentrasi kredit Credit concentration risk management
(lanjutan) (continued)
Konsentrasi risiko kredit berdasarkan jenis Concentration of credit risk by type of debtors
debitur adalah sebagai berikut: (lanjutan) are as follows: (continued)
31 Desember/31 December 2022
Pemerintah
dan Bank
Indonesia/
Government
and Bank Ritel/
Wholesale Indonesia Bank Retail Total
Current accounts with Bank
Giro pada Bank Indonesia - 8.869.574 - - 8.869.574 Indonesia
Current accounts with
Giro pada bank lain - neto - - 1.093.934 - 1.093.934 other banks - net
Penempatan pada Bank Placements with
Indonesia dan Bank Indonesia
bank lain - neto - 4.818.111 1.037.518 - 5.855.629 and other banks- net
Efek-efek yang
diperdagangkan 141.018 452.760 - - 593.778 Trading securities
Investasi keuangan - neto 1.137.131 23.411.847 3.404.178 - 27.953.156 Financial investments - net
Tagihan derivatif 446.870 - 873.867 - 1.320.737 Derivative receivables
Kredit yang
diberikan - neto 68.913.921 - 2.159.347 10.225.303 81.298.571 Loans - net
Tagihan atas surat Receivables on securities
berharga yang dibeli purchased with
dengan janji dijual agreements to
kembali - neto 254.693 1.051.846 1.563.745 - 2.870.284 resell - net
Tagihan akseptasi - neto 3.683.199 - - - 3.683.199 Acceptance receivables - net
Aset lain-lain* 1.029.571 1.197 9.874 37.217 1.077.859 Other assets*
Total 75.606.403 38.605.335 10.142.463 10.262.520 134.616.721 Total
Persentase 56,16% 28,68% 7,54% 7,62% 100,00% Percentage
* Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan transaksi spot. Other assets consist of interest receivables, security deposits and spot
transaction.
Eksposur maksimum risiko kredit Maximum exposure to credit risk
Bank menetapkan limit eksposur untuk The Bank sets the exposure limit for
individual/grup, sektor industri, jangka waktu single/group, industry sector, tenor and foreign
dan nilai tukar asing, yang telah disesuaikan exchange, which is in line with the Bank’s risk
dengan risk appetite dan risk tolerance appetite and risk tolerance as one of the tools
sebagai salah satu alat bagi Bank untuk for the Bank to monitor and mitigate credit
memonitor dan memitigasi risiko konsentrasi concentration risk.
kredit.
Eksposur maksimum aset keuangan Bank The Bank’s financial asset’s maximum
untuk risiko kredit sebelum exposure to credit risk before taking into
memperhitungkan agunan dan jaminan kredit account any collateral and other credit
lainnya adalah sebesar nilai tercatatnya enhancements is its carrying value (Note 42).
(Catatan 42).
168
Page 543
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit portfolios
kredit (lanjutan) (continued)
Eksposur maksimum dari aset keuangan The maximum exposure of the Bank's financial
Bank setelah mempertimbangkan dampak asset after considering the impact of collateral
dari jaminan dan pengaturan tambahan lain and other enhancement arrangement other
selain dari kredit yang diberikan dan tagihan than loan and receivable and securities
atas surat berharga yang dibeli dengan janji purchased with agreement to resell are equal
dijual kembali sama dengan nilai tercatat. to its carrying value.
Untuk aset keuangan yang diakui pada For financial assets recognized in the
laporan posisi keuangan, eksposur statement of financial position, the carrying
maksimum terhadap risiko kredit sama amounts of the financial assets best represent
dengan nilai tercatat. Untuk Bank Garansi the maximum exposure to credit risk. For Bank
dan Irrevocable Letters of Credit, eksposur Guarantees and Irrevocable Letters of Credit,
maksimum terhadap risiko kredit adalah nilai the maximum exposure to credit risk is the
maksimum yang harus dibayarkan oleh Bank maximum amount that the Bank would has to
jika liabilitas atas Bank Garansi dan pay if the obligations of the Bank Guarantees
Irrevocable Letters of Credit tersebut terjadi. and Irrevocable Letters of Credit issued are
called upon.
Analisis eksposur maksimum risiko kredit Analysis of maximum exposure to credit risk
setelah memperhitungkan dampak agunan after taking into account the impact of
dan mitigasi risiko kredit lainnya adalah collaterals and other credit risk mitigations are
sebagai berikut: as follows:
a. Nilai tercatat aset keuangan Bank selain a. The carrying amount of the Bank’s
pinjaman mewakili eksposur maksimum financial assets other than loans
risiko kredit. represent the maximum exposure of
credit risk.
b. Untuk kredit yang diberikan, Bank b. For the loans, the Bank uses the collateral
menggunakan agunan untuk to minimize the credit risk. Loans and
meminimalkan risiko kredit. Pinjaman receivables are classified into two major
yang diberikan dan piutang categories as follows:
diklasifikasikan menjadi dua kelompok
besar yaitu:
1. Secured loans. 1. Secured loans.
2. Unsecured loans. 2. Unsecured loans.
Untuk secured loans, Bank menetapkan jenis For secured loans, the Bank determines the
dan nilai agunan yang dijaminkan sesuai type and value of collateral according to the
dengan skema kredit. Jenis agunan terdiri loan scheme. Types of collateral are as
dari: follows:
a. Physical collateral, antara lain tanah, a. Physical collateral, such as land, buildings
bangunan dan BPKB kendaraan and proof of vehicle ownership.
bermotor.
b. Financial collateral, antara lain b. Financial collateral, such as deposits
simpanan (tabungan, giro dan deposito (saving deposits, demand deposits and
berjangka), surat berharga dan emas. time deposits), securities, and gold.
c. Lainnya, antara lain garansi, jaminan c. Others, such as guarantees, Government
dari Pemerintah dan jaminan dari guarantees and guarantee institution.
lembaga penjamin.
169
Page 544
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit portfolios
kredit (lanjutan) (continued)
Eksposur maksimum risiko kredit (lanjutan) Maximum exposure to credit risk (continued)
Apabila terjadi gagal bayar, Bank akan In times of default, the Bank will use the
menggunakan agunan tersebut sebagai collateral as the last resort in recovering the
pilihan terakhir untuk pemenuhan kewajiban obligation of the counterparty.
counterparty.
Unsecured loan adalah ketika fasilitas Unsecured loan is when the facility is granted
diberikan tanpa agunan (termasuk pinjaman without any collateral (including fully
tanpa jaminan penuh dan pinjaman dengan unsecured loan and partially secured loan).
jaminan sebagian). Bank memberikan The Bank grants loan mainly based on debtor
pinjaman utamanya berdasarkan arus kas cash flow whilst collateral are used as credit
dari debitur sedangkan agunan merupakan risk mitigant. The Bank exercises prudence at
langkah mitigasi risiko kredit. Bank all times in the granting of such credit. Credit
senantiasa menerapkan prinsip kehati-hatian decisions including maximum credit exposure
dalam pemberian kredit. Keputusan kredit are made based on thorough assessment of
termasuk maksimum eksposur kredit dibuat the debtor's prospect and performance as well
berdasarkan penilaian menyeluruh atas as their cash flow or repayment capability
prospek dan kinerja debitur termasuk arus (such as considering on debtor internal credit
kas atau kemampuan membayarnya rating, past credit behavior from credit bureau
(misalnya mempertimbangkan internal credit and other external sources).
rating, perilaku kredit masa lalu debitur dari
biro kredit dan sumber eksternal lainnya).
Kredit yang diberikan menurut sektor industri Loans based on industrial sector as of
pada tanggal 31 Desember 2023 dan 2022 31 December 2023 and 2022 are as follows:
adalah sebagai berikut:
31 Desember/ 31 Desember/
31 December 2023 31 December 2022
Industri pengolahan 21.338.502 23.357.349 Processing industry
Perdagangan besar dan eceran 18.720.790 18.759.826 Wholesale and retail trading
Rumah tangga 17.938.336 10.553.117 Household
Pertambangan dan penggalian 7.249.461 3.577.522 Mining and excavation
Real estate 5.666.169 4.655.379 Real estate
Aktivitas keuangan dan asuransi 3.453.185 9.632.747 Financial and insurance activities
Pengangkutan dan pergudangan 2.589.591 890.608 Transportation and warehousing
Penyedia akomodasi dan Accommodation and
penyedia makanan dan minuman 2.095.861 2.227.390 food and beverages provider
Konstruksi gedung 2.023.748 2.520.895 Building construction
Pertanian, kehutanan dan perikanan 1.853.616 2.344.182 Agriculture, forestry and fisheries
Pengadaan listrik, gas dan udara 613.887 3.338.539 Electricity, gas and air procurement
Informasi dan komunikasi - 2.999.063 Information and communication
Lainnya 479.459 677.905 Others
Total 84.022.605 85.534.522 Total
Cadangan kerugian
penurunan nilai (4.110.763) (4.235.951) Allowance for impairment losses
Neto 79.911.842 81.298.571 Net
170
Page 545
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Eksposur maksimum risiko kredit (lanjutan) Maximum exposure to credit risk (continued)
Eksposur terbesar Bank pada tanggal The biggest Bank’s exposure on 31 December
31 Desember 2023 dan 2022 adalah sektor 2023 and 2022 is processing industry with
industri pengolahan dengan proporsi masing- proportion of around 25.40% and 27.31%,
masing sebesar 25,40% dan 27,31% dari respectively from total loan which diversified
total kredit Bank yang terdiversifikasi ke into various sub industry type and it is still
dalam berbagi jenis sub industri dan hal within the Bank’s risk appetite and risk
tersebut masih sesuai dengan risk appetite tolerance.
dan risk tolerance yang dimiliki oleh Bank.
Kredit yang diberikan berdasarkan sisa umur Loans based on remaining maturities as of
jatuh tempo pada tanggal 31 Desember 2023 31 December 2023 are as follows:
adalah sebagai berikut:
Baki debet kredit/ Persentase (%)/
Loan outstanding Percentage (%)
≤ 1 tahun 53.611.496 63,81% ≤ 1 year
> 1 tahun ≤ 2 tahun 5.770.859 6,87% > 1 year ≤ 2 years
> 2 tahun ≤ 5 tahun 14.138.210 16,83% >2 years ≤ 5 years
> 5 tahun 10.502.040 12,50% > 5 years
Total 84.022.605 100,00% Total
Sebagian besar jangka waktu kredit atau Most of the loan tenor or 63.81 % is within less
sebesar 63,81% jatuh tempo dalam kurun than one year and loan with tenor of more than
waktu kurang dari satu tahun, sedangkan five years is 12.50% and it is within the Bank’s
untuk kredit dengan jangka waktu lebih besar risk appetite and risk tolerance.
dari lima tahun memiliki porsi sebesar
12,50% dan hal ini masih sesuai dengan risk
appetite dan risk tolerance yang dimiliki oleh
Bank.
Tabel di bawah ini menunjukkan The table below shows the net maximum
eksposur maksimum neto (setelah exposure (after considering collateral) to credit
memperhitungkan agunan) atas risiko kredit risk of receivable on securities purchased with
untuk tagihan atas surat berharga yang dibeli agreement to resell as of 31 December 2023
dengan janji dijual kembali pada tanggal and 2022:
31 Desember 2023 dan 2022:
Eksposur maksimum/ Agunan/ Eksposur - neto/
Maximum exposure Collateral Exposure - net
31 Desember 2023 31 December 2023
Tagihan atas surat berharga Receivable on securities
yang dibeli dengan janji purchased with
dijual kembali 22.678.253 23.104.050 - agreements to resell
31 Desember 2022 31 December 2022
Tagihan atas surat berharga Receivable on securities
yang dibeli dengan janji purchased with
dijual kembali 2.870.284 3.117.267 - agreements to resell
171
Page 546
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Eksposur maksimum risiko kredit (lanjutan) Maximum exposure to credit risk (continued)
Manajemen kredit bermasalah Managing non-performing loans
Kredit bermasalah dikelola secara terpusat Non-performing loans are centrally managed
oleh divisi independen yaitu Special Asset by independent units that are Special Asset
Management (SAM) untuk segmen Management (SAM) for Corporate and
Corporate dan Commercial Banking dan Commercial Banking segment and Business
Business Banking Credit Management Banking Credit Management (BBCM) for
(BBCM) untuk segmen Retail Banking dan Retail Banking and Business Banking
Business Banking. Divisi-divisi tersebut segment. Those divisions have two main
memiliki dua fungsi utama sebagai berikut: functions as follows:
1. Fungsi Restrukturisasi yang secara 1. Restructuring Function which proactively
proaktif mengelola kredit bermasalah. manages the non-performing loans. Its
Tujuan utamanya adalah untuk main objective is to handle non-performing
menangani kredit bermasalah agar loans back to performing so that these
kembali lancar sehingga akun tersebut accounts can be transferred back to the
dapat ditransfer kembali ke fungsi kerja Business Units; and
bisnis; dan
2. Fungsi Recovery yang mengelola kredit 2. Recovery Function which manages non-
bermasalah dengan tujuan utama untuk performing loans with the main objective
memaksimalkan pemulihan utang. to maximize debt recovery.
Eksposur kredit berdasarkan Basel Credit exposures under Basel
Saat ini Bank menggunakan Pendekatan The Bank currently uses the Standardized
Standar berdasarkan Basel mengikuti Approach under Basel according to regulatory
pedoman dari regulator dalam mengukur guidelines to measure the Risk Weighted
Aktiva Tertimbang Menurut Risiko (ATMR) Asset (RWA) for credit risk. The information
untuk risiko kredit. Informasi dan pedoman and guidelines of rating for RWA for credit risk
peringkat ATMR untuk risiko kredit diatur is regulated in the Asset Classification Policy.
dalam Kebijakan Klasifikasi Aset.
Berdasarkan Pendekatan Standar, eksposur Under the Standardized Approach, the Bank’s
Bank dibagi menjadi 15 klasifikasi aset dan exposures are classified into 15 assets
portofolio sebagai berikut: classification and portfolios as follows:
a. Pemerintah a. Sovereigns
b. Entitas sektor publik bukan pemerintah b. Non-central government public sector
pusat entities
c. Bank pembangunan multilateral dan c. Multilateral development bank and other
Lembaga internasional lainnya international institutions
d. Bank d. Banks
e. Korporasi e. Corporate
f. Karyawan/pensiunan f. Employee/retiree
172
Page 547
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Eksposur kredit berdasarkan Basel Credit exposures under Basel (continued)
(lanjutan)
Berdasarkan Pendekatan Standar, eksposur Under the Standardized Approach, the Bank’s
Bank dibagi menjadi 15 klasifikasi aset dan exposures are classified into 15 assets
portofolio sebagai berikut: (lanjutan) classification and portfolios as follows:
(continued)
g. Klaim beragunan rumah tinggal g. Claim secured by residential property
h. Klaim beragunan real estate komersial h. Claim secured by commercial real estate
i. Klaim yang telah jatuh tempo i. Overdue claims
j. Aset lainnya j. Other assets
k. Piutang subordinasi, ekuitas dan modal k. Subordinated receivables, equity and
lainnya other capital
Untuk tujuan manajemen risiko internal, Bank For the purpose of internal risk management,
telah menerapkan penggunaan model the Bank has implemented Internal Rating
Internal Rating pada segmen Wholesale model on the Wholesale Banking segment and
Banking dan senantiasa mengembangkan continuously enhances the Bank’s risk
perangkat tambahan, sistem dan proses management systems and processes to
untuk mendukung penerapan praktik support the Bank in the implementation of a
manajemen risiko yang hati-hati. prudent risk management.
Informasi kualitas kredit atas aset keuangan The information on the credit quality of
pada tanggal 31 Desember 2023 dan 2022 financial assets as of 31 December 2023 and
adalah sebagai berikut: 2022 are as follows:
31 Desember/31 December 2023
Belum jatuh
tempo dan Jatuh tempo dan
tidak mengalami tidak mengalami
penurunan nilai/ penurunan nilai/ Mengalami
Neither past due Past-due penurunan nilai/
not impaired but not impaired Impaired Total
Giro pada Bank Indonesia 9.901.077 - - 9.901.077 Current account with Bank Indonesia
Giro pada bank lain 984.482 - - 984.482 Current accounts with other banks
Penempatan pada Placements with
Bank Indonesia dan bank lain 2.135.930 - - 2.135.930 Bank Indonesia and other banks
Efek-efek yang diperdagangkan 2.758.236 - - 2.758.236 Trading securities
Investasi keuangan 33.051.225 - - 33.051.225 Financial investment
Tagihan derivatif 840.694 - - 840.694 Derivative receivables
Kredit yang diberikan 77.797.424 4.076.155 2.149.026 84.022.605 Loans
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali 22.678.253 - - 22.678.253 agreements to resell
Tagihan akseptasi 2.508.114 - - 2.508.114 Acceptance receivables
Aset lain-lain* 987.526 - - 987.526 Other assets*
Total 153.642.961 4.076.155 2.149.026 159.868.142 Total
Cadangan kerugian
penurunan nilai (1.758.373) (1.386.411) (989.275) (4.134.059) Allowance for impairment losses
Neto 151.884.588 2.689.744 1.159.751 155.734.083 Net
Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan transaksi spot. Other assets consist of interest receivables, security deposits and spot
transaction.
173
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Informasi kualitas kredit atas aset keuangan The information on the credit quality of
pada tanggal 31 Desember 2023 dan 2022 financial assets as of 31 December 2023 and
adalah sebagai berikut: (lanjutan) 2022 are as follows: (continued)
31 Desember/31 December 2022
Belum jatuh
tempo dan Jatuh tempo dan
tidak mengalami tidak mengalami
penurunan nilai/ penurunan nilai/ Mengalami
Neither past due Past-due penurunan nilai/
not impaired but not impaired Impaired Total
Giro pada Bank Indonesia 8.869.574 - - 8.869.574 Current account with Bank Indonesia
Giro pada bank lain 1.100.247 - - 1.100.247 Current accounts with other banks
Penempatan pada Placements with
Bank Indonesia dan bank lain 5.855.685 - - 5.855.685 Bank Indonesia and other banks
Efek-efek yang diperdagangkan 593.778 - - 593.778 Trading securities
Investasi keuangan 27.972.754 - - 27.972.754 Financial investment
Tagihan derivatif 1.320.737 - - 1.320.737 Derivative receivables
Kredit yang diberikan 79.396.185 3.657.382 2.480.955 85.534.522 Loans
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali 2.870.284 - - 2.870.284 agreements to resell
Tagihan akseptasi 3.687.076 - - 3.687.076 Acceptance receivables
Aset lain-lain* 1.077.859 - - 1.077.859 Other assets*
Total 132.744.179 3.657.382 2.480.955 138.882.516 Total
Cadangan kerugian
penurunan nilai (2.024.076) (1.201.151) (1.040.568) (4.265.795) Allowance for impairment losses
Neto 130.720.103 2.456.231 1.440.387 134.616.721 Net
Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan transaksi spot. Other assets consist of interest receivables, security deposits and spot
transaction.
Analisis umur kredit yang diberikan yang The aging analysis of loans that are past due
jatuh tempo tetapi tidak mengalami but not impaired as of 31 December 2023 and
penurunan nilai pada tanggal 31 Desember 2022 are as follows
2023 dan 2022 adalah sebagai berikut:
31 Desember/31 December 2023
1 sampai 31 sampai 61 sampai
30 hari/ 60 hari/ 90 hari/
1 to 30 days 31 to 60 days 61 to 90 days Total
Investasi 1.315.961 29.140 10.480 1.355.581 Investment
Modal kerja 1.417.910 - - 1.417.910 Working capital
Konsumen 1.275.436 2.863 24.365 1.302.664 Consumer
Total 4.009.307 32.003 34.845 4.076.155 Total
Cadangan kerugian Allowance for
penurunan nilai (1.370.586) (5.567) (10.258) (1.386.411) impairment losses
Neto 2.638.721 26.436 24.587 2.689.744 Net
174
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Dalam mengelola eksposur risiko kredit, Bank In managing credit risk exposure, the Bank applies
menerapkan beberapa prinsip dasar sebagai several basic principles as follows: (continued)
berikut: (lanjutan)
3. Pengelolaan dan pemantauan portofolio 3. Management and monitoring of credit
kredit (lanjutan) portfolios (continued)
Analisis umur kredit yang diberikan yang The aging analysis of loans that are past due
jatuh tempo tetapi tidak mengalami but not impaired as of 31 December 2023 and
penurunan nilai pada tanggal 31 Desember 2022 are as follows
2023 dan 2022 adalah sebagai berikut:
31 Desember/31 December 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
Investasi 1.521.283 - - 1.521.283 Investment
Modal kerja 1.391.892 17.531 23.504 1.432.927 Working capital
Konsumen 702.899 82 191 703.172 Consumer
Total 3.616.074 17.613 23.695 3.657.382 Total
Cadangan kerugian Allowance for
penurunan nilai (1.195.793) (2.164) (3.194) (1.201.151) impairment losses
Neto 2.420.281 15.449 20.501 2.456.231 Net
Bank melakukan penilaian terhadap tiga pilar The Bank uses three pillars approach in
dalam menilai aset keuangan yang jatuh assessing financial assets that are past due or
tempo atau mengalami penurunan. Ketiga impaired. Those three pillars are business
pilar tersebut adalah prospek bisnis, kinerja prospect, performance of the borrower and
debitur dan kemampuan bayar debitur repayment capability which are in line with the
dimana hal tersebut sesuai dengan kebijakan regulatory provision.
regulator.
Bank memperhitungkan agunan yang layak The Bank takes into account the eligible
dalam menghitung cadangan kerugian collaterals in calculating the allowance for
penurunan nilai. Agunan yang layak yang impairment losses. The eligible collaterals
diperhitungkan oleh Bank adalah kas/setara recognized by the Bank are cash/cash
kas, tanah dan bangunan. equivalents, land and buildings.
Risiko pasar Market risk
Risiko pasar adalah risiko yang timbul dari Market risk is the risk arising from movements in
pergerakan variabel pasar pada posisi yang market variables on the position held by the Bank
dimiliki oleh Bank yang dapat menimbulkan which can result in losses for the Bank. Market
kerugian bagi Bank. Variabel pasar yang variables that influence the position of the Bank are
mempengaruhi posisi Bank adalah suku bunga interest rates and exchange rates, including
dan nilai tukar termasuk perubahan harga option. changes in the price of the option.
Kerangka kerja risiko pasar Bank terdiri dari The Bank’s market risk framework comprises
kebijakan dan praktek risiko pasar, market risk policies and practices, delegation of
pendelegasian wewenang, limit risiko pasar, authority, market risk limits, valuation and risk
penilaian dan model risiko. Kerangka kerja ini models. This framework also encompasses the
juga meliputi proses produk/aktivitas baru untuk new product/service program process to ensure
memastikan isu-isu risiko pasar telah diidentifikasi the market risk issues are adequately identified
secara memadai sebelum diluncurkan. prior to its launch.
175
Page 550
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko pasar (lanjutan) Market risk (continued)
Direksi mendelegasikan wewenang kepada The Board of Directors delegates authority to the
Komite Aktiva dan Pasiva (ALCO) untuk Assets and Liabilities Committee (ALCO) to
melakukan pengawasan aktif terhadap conduct active monitoring on market risk
manajemen risiko pasar. ALCO melakukan kajian management. ALCO reviews and provides
dan memberikan arahan atas seluruh hal terkait direction on all market risk related matters.
risiko pasar.
Bank menggunakan Pendekatan Standar untuk The Bank adopts the Standardized Approach to
menghitung modal risiko pasar sesuai dengan calculate the regulatory market risk capital in
ketentuan OJK tentang Kewajiban Penyediaan compliance with OJK’s regulation on Capital
Modal Minimum. Bank memiliki modal yang kuat Adequacy Ratio. The Bank has a strong capital
dengan rasio kecukupan modal sebesar masing- base with Capital Adequacy Ratio of 18.32% and
masing 18,32% dan 16,57% pada tanggal 16.57% as of 31 December 2023 and 2022,
31 Desember 2023 dan 2022. Modal Bank lebih respectively. The Bank’s capital is more than
dari cukup untuk menutup potensi kerugian yang sufficient to cover any potential losses that might
mungkin timbul dari fluktuasi tingkat bunga dan arise from interest rate and exchange rate
nilai tukar. fluctuations.
Untuk kepentingan pemantauan dan pelaporan For the purposes of internal monitoring and
internal, risiko pasar secara portofolio diukur dan reporting, market risk on a portfolio basis is
dikontrol menggunakan model internal. Bank measured and controlled based on internal models.
mengadopsi Expected Shortfall (ES) dengan The Bank adopts the Expected Shortfall (ES) using
menggunakan pendekatan simulasi historis untuk historical simulation approach to measure the
mengukur potensi kerugian pada tingkat potential loss at a 97.5% confidence level (using
kepercayaan sebesar 97,5% (mengambil rata- average of seven days worst losses) based on 300
rata tujuh hari kerugian paling buruk) dengan days historical price changes. ES estimation are
menggunakan data historis selama 300 hari. back- tested against profit or loss of trading book
Perkiraan ES diuji kembali (back-testing) dengan (actual or hypothetical profit or loss) as a
menggunakan data laba rugi pada trading book verification process of the accuracy and robustness
(baik itu laba rugi aktual maupun laba rugi of the methodology. The back-testing process
hipotesis) sebagai suatu proses verifikasi analyses whether the exceptions are due to model
keakuratan dan ketahanan metodologi tersebut. deficiencies or market volatility. All model
Proses pengujian kembali ini dilakukan guna deficiencies are addressed with appropriate model
menganalisa apakah penyimpangan yang terjadi enhancements.
disebabkan oleh kelemahan pada model
perhitungan atau karena volatilitas pasar. Seluruh
penyimpangan pada model ditujukan untuk
penyempurnaan model tersebut.
Berdasarkan hasil model back-testing, Based on back-testing result, the ES forecast
pengukuran ES telah memadai terhadap kerugian model was adequate to the hypothetical and actual
hipotesis dan aktual yang terjadi untuk periode loss for the whole year result. To complement the
satu tahun. Untuk melengkapi pengukuran ES ES measurement, stress-test is performed on the
tersebut, stress-test dilakukan pada portofolio trading portfolio in order to identify the Bank’s
trading untuk mengidentifikasi ketahanan Bank vulnerability in the event of crisis.
dalam kondisi krisis.
176
Page 551
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko pasar (lanjutan) Market risk (continued)
Perhitungan ES telah memperhitungkan faktor ES calculation already includes correlation factors
korelasi antar instrumen pada seluruh posisi across instruments in trading book portfolios of the
trading book Bank (tidak diaudit). Bank (unaudited).
31 Desember/31 December 2023
(dalam jutaan Rupiah/in millions of Rupiah)
Akhir tahun/ Tinggi/ Rendah/ Rata-rata/
Year end High Low Average
Total ES 20.120 20.268 10.208 16.066 Total ES
a. Risiko nilai tukar a. Foreign exchange risk
Risiko nilai tukar adalah risiko pada Foreign exchange risk is the risk to earnings
pendapatan dan nilai ekonomis dari aset, and economic value of foreign currency
kewajiban, dan derivatif keuangan dalam assets, liabilities and financial derivatives
mata uang asing yang disebabkan oleh caused by fluctuation in foreign exchange
fluktuasi nilai tukar. rates.
Risiko nilai tukar dikelola melalui kebijakan Foreign exchange risk is managed through
dan limit risiko yang disetujui oleh ALCO. policies and risk limits approved by the Asset
Limit tersebut meliputi limit Expected and Liability Committee (ALCO). The limits
Shortfall, FX NOP, PV01, eksposur include Expected Shorfall, FX NOP, PV01,
berdasarkan mata uang, maksimum tenor, exposures by currency, maximum tenors and
dan lainnya. Market Risk Management & others. Market Risk Management & Product
Product Control secara harian memantau Control on a daily basis monitors market risk
aktivitas risiko pasar dan/atau ekposur activities and/or exposures against the
terhadap limit yang telah disetujui oleh approved ALCO limits, and escalates any
ALCO, dan melaporkan kejadian excesses to appropriate officers for
pelampauan limit kepada pejabat terkait approval/ratification.
untuk mendapatkan persetujuan/
pengesahan.
Risiko nilai tukar Bank dinilai relatif rendah Foreign exchange risk is assessed at relatively
dikarenakan Posisi Devisa Neto (PDN) Bank low as Bank’s Net Open Position (NOP)
tercatat sangat rendah, dimana pada tanggal recorded very low, which at 31 December
31 Desember 2023, NOP tercatat sebesar 2023 the Bank’s NOP has recorded only 4.2%
4,2% dari modal keseluruhan Bank atau di from total capital of the Bank or below
bawah ketentuan regulator. Berdasarkan regulator requirement. Based on simulation,
simulasi, setiap pelemahan mata uang any weakening of IDR currency around 100
Rupiah terhadap Dolar Amerika Serikat pips against USD would result in potential
sebesar 100 pips akan menimbulkan potensi losses of Rp4.6 billion.
kerugian sebesar Rp4,6 miliar.
b. Risiko suku bunga pada banking book b. Interest rate risk in the banking book
Risiko suku bunga pada banking book Interest rate risk in the banking book is defined
didefinisikan sebagai risiko potensi as the risk of potential reduction in or loss of
penurunan atau kerugian pada rentabilitas earnings (net interest income) and capital (the
(pendapatan bunga bersih) dan modal (nilai economic value of the Bank) due to changes
ekonomis Bank) akibat perubahan dari suku in interest rates.
bunga.
177
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko pasar (lanjutan) Market risk (continued)
b. Risiko suku bunga pada banking book b. Interest rate risk in the banking book
(lanjutan) (continued)
Eksposur dinilai secara bulanan Exposure is quantified on a monthly basis
menggunakan perangkat analisa statis dan using static and simulation analysis tools such
simulasi seperti jadwal repricing dan analisa as repricing schedules and sensitivity analysis.
sensitivitas. Perangkat tersebut dapat They provide indications of the potential
memberikan indikasi atas dampak potensial impact of interest rate changes on interest
perubahan suku bunga pada pendapatan income and price value through analysis of the
bunga dan harga melalui analisa sensitivitas sensitivity of assets and liabilities from any
pada aktiva dan pasiva ketika suku bunga changes in interest rates. Mismatches in the
mengalami perubahan. Kesenjangan pada longer tenor will experience greater change in
tenor yang lebih panjang akan mengalami the price-value of interest rate positions than
perubahan price-value yang lebih besar similar positions in the shorter tenor.
dibandingkan dengan posisi serupa pada
tenor yang lebih pendek.
Nilai Ekonomis pada Ekuitas (EVE) Economic Value of Equity (EVE) is applied to
diterapkan untuk mengukur risiko suku measure the interest rate risk from any
bunga dari perubahan suku bunga changes of interest rate using a variety of
menggunakan berbagai macam skenario interest rate scenarios such as changes in
suku bunga seperti perubahan bentuk pada shape of the curve of interest rates which
kurva suku bunga yang meliputi skenario include extreme changes in the interest rate
perubahan suku bunga yang ekstrim. scenario.
EVE banking book pada tanggal EVE banking book as of 31 December 2023
31 Desember 2023 tercatat sebesar was recorded at Rp1,345.91 billion
Rp1.345,91 miliar (tidak diaudit) atau (unaudited) or 8.62% of Tier 1 capital,
sebesar 8,62% dari modal inti, sedangkan meanwhile PV01 banking book was recorded
PV01 banking book sebesar Rp1.713,06 juta at Rp1,713.06 million (unaudited). That means
(tidak diaudit). Hal ini berarti, setiap kenaikan any increment of 1 bps on market interest rate
1 bps pada suku bunga pasar akan is expected to have an impact on the Bank's
memberikan dampak potensial kerugian potential losses amounting to Rp1,713.06
pada Bank sebesar Rp1.713,06 juta (tidak million (unaudited). While delta NII was
diaudit). Sedangkan Delta NII terhitung recorded at Rp Rp586.67 billion (unaudited).
sebesar Rp586,67 miliar (tidak diaudit).
Risiko likuiditas Liquidity risk
Risiko likuiditas didefinisikan sebagai risiko yang Liquidity risk is defined as the risk that arises from
muncul akibat ketidakmampuan Bank untuk its inability to meet its obligations to customer and
memenuhi kewajiban keuangannya baik terhadap regulator without incurring significant costs or
nasabah maupun regulator, tanpa menimbulkan losses.
biaya atau kerugian yang signifikan.
178
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Pengukuran utama yang digunakan oleh Bank The key measures used by the Bank for managing
dalam mengelola risiko likuiditas adalah dengan liquidity risk with measuring and monitoring
mengukur dan memantau Liquidity Coverage Liquidity Coverage Ratio (LCR), Net Stable
Ratio (LCR), Net Stable Funding Ratio (NSFR) Funding Ratio (NSFR) and Net Cumulative Outflow
dan Net Cumulative Outflow (NCO) dengan (NCO) with using cash ‘business as usual’ scenario
menggunakan skenario ’business as usual’ serta also by monitoring the other liquidity ratios as early
memantau rasio-rasio likuiditas lainnya sebagai warning indicator i.e., percentage decreased in
indikator peringatan dini seperti rasio penurunan non-bank deposits, top 50 and 20 non-bank
simpanan bukan bank, rasio 50 dan 20 nasabah depositors’ ratios, swap funding ratio, undrawn
terbesar bukan bank, rasio pendanaan melalui facility ratio and top single bank depositor. Cash
swap, rasio undrawn facility dan nasabah flow projection is using behavioral modelling to
terbesar bank. Proyeksi arus kas menggunakan ensure that the cash flow reflects the business-as-
behavioral modelling untuk memastikan arus kas usual behavior.
telah mencerminkan perilaku kegiatan bisnis
dalam kondisi normal.
Di samping itu, Bank juga melakukan Besides, the Bank also monitors the stability of its
pemantauan secara berkala terhadap stabilitas core deposits on a regular basis which consists of
pendanaan inti yang terdiri dari dana-dana stabil stable non-bank deposits such as demand
bukan bank seperti giro, tabungan, dan deposito deposits, saving accounts, and time deposits by
berjangka melalui analisa terhadap volatilitasnya. analyzing their volatility overtime.
Bank juga memantau stress-testing limit dengan The Bank also monitors stress-test limit using
skenario ‘Bank Specific Crisis’ dan ‘General ‘Bank Specific Crisis’ and ‘General Market Crisis’
Market Crisis’. scenarios.
Pada tanggal 31 Desember 2023, Bank telah As of 31 December 2023, the Bank has recorded
mencatat simpanan nasabah sebesar Rp119,3 Rp119.3 trillion of customer’s deposits which went
triliun atau naik sebesar 4,71% dibandingkan up by 4.71% compared to 31 December 2022,
dengan simpanan nasabah pada tanggal contributed by demand deposits which decreased
31 Desember 2022, dimana giro turun sebesar by 1.92% to Rp23.7 trillion, saving deposits which
1,92% menjadi Rp23,7 triliun, tabungan turun decreased by 3.01% to Rp37.5 trillion, and time
sebesar 3,01% menjadi Rp37,5 triliun, dan deposits which increased by 13.68% to Rp58.1
deposito berjangka naik sebesar 13,68% menjadi trillion.
Rp58,1 triliun.
LCR dan NSFR pada tanggal 31 Desember 2023 LCR and NSFR as of 31 December 2023 were
masing-masing berada pada level 399% dan maintained at level of 399% and 132% respectively
132% (tidak diaudit) dimana kedua rasio ini jauh (unaudited) which these two ratios were above
berada diatas ketentuan regulator sebesar 100%. regulatory minimum requirement level of 100%.
Bank secara berkesinambungan akan terus The Bank will continuously maintain the LCR and
menjaga tingkat LCR dan NSFR agar berada NSFR in a sound range.
dalam kisaran yang sehat.
Disamping itu pengukuran dan pemantauan In addition to the above measurement and
terhadap analisa gap, limit-limit yang ditetapkan, monitoring of the gap analysis, defined limits, stress
stress-testing, dan Rencana Pendanaan Darurat testing, and Contingency Funding Plan are
dilaksanakan secara konsisten. consistently implemented.
179
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Rencana Pendanaan Darurat menjadi komponen The Contingency Funding Plan (CFP) is a critical
penting dalam kerangka kerja manajemen component of the liquidity management framework
likuiditas dan berfungsi sebagai perpanjangan and serves as an extension of the Bank’s
atas kebijakan operasional atau manajemen operational or daily liquidity management policy.
likuiditas sehari-hari. Walaupun Bank memantau Although the Bank periodically monitors liquidity
kebutuhan likuiditas dan pendanaan secara and funding requirements, it is important to
berkala, penting juga untuk mengetahui kejadian recognize the unexpected events, economic or
yang tak terduga, kondisi ekonomi dan pasar, market conditions, earnings problems or situations
masalah pendapatan atau situasi di luar kendali beyond its control that could cause a liquidity crisis.
yang dapat menyebabkan krisis likuiditas. The CFP outlines the actions to be taken by the
Rencana Pendanaan Darurat menguraikan Bank in the event of a liquidity crisis and would be
tindakan yang harus diambil oleh Bank pada saat activated in the event of a liquidity stress situation.
terjadi krisis likuiditas dan akan diaktifkan jika
terjadi krisis atau liquidity stress.
Hal ini berfungsi untuk mengidentifikasi dan It serves to identify and recognize a liquidity crisis,
mengetahui potensi krisis likuiditas, menentukan define the appropriate management
tanggung jawab dan tindakan manajemen yang responsibilities and responses during a crisis,
terkait pada saat krisis, memperbaiki area yang rectify areas of concern and ensure that information
menjadi perhatian dan memastikan bahwa arus flows remain timely and uninterrupted so it can
informasi tepat waktu sehingga dapat facilitate quick and effective decision-making.
memfasilitasi pengambilan keputusan secara
cepat dan efektif.
Tingkat kerumitan dan detail dari rencana The level of sophistication and detail of the plan
tersebut disesuaikan dengan kompleksitas, would commensurate with the complexity, risk
eksposur risiko, aktivitas, produk, dan struktur exposure, activities, products and organization
organisasi Bank untuk menentukan indikator yang structure of the Bank to identify the indicators that
paling relevan untuk digunakan dalam mengelola are most relevant to its management of liquidity and
likuiditas dan pendanaan. Selain itu, Bank juga funding. In addition, the Bank also has established
telah menetapkan Liquidity Crisis Management a Liquidity Crisis Management Team which is
Team yang bertanggung jawab untuk responsible to evaluate the liquidity position and
mengevaluasi posisi likuiditas dan menentukan decide the actions to be taken when crisis occurs.
tindakan yang akan diambil pada saat terjadi
krisis.
Analisa arus kas mengenai kebutuhan The cash flow analysis of net funding requirement
pendanaan bersih melibatkan penyusunan involves the preparation of cash flow mismatch
laporan arus kas berdasarkan jatuh tempo based on actual contractual and behavioral
(kontraktual) aktual dari arus kas tersebut maturity. Contractual cash flow profiles allocate the
maupun secara behavioral. Profil arus kas assets, liabilities and off-balance sheet items into
kontraktual mengalokasikan aset-aset, liabilitas- time band by remaining maturity of the assets,
liabilitas dan rekening administratif ke dalam liabilities and off balance sheet items. While
jangka waktu berdasarkan sisa jatuh tempo aset, behavioral cash flow is based on Business As
liabilitas, dan rekening administratif tersebut. Usual (BAU). In behavioral cash flow, core non-
Sedangkan arus kas secara behavioral core measurement is conducted.
berdasarkan perilaku arus kas secara bisnis pada
umumnya. Dalam arus kas secara perilaku bisnis
pada umumnya, dilakukan pengukuran arus kas
yang menetap (Core) maupun tidak menetap
(Non Core).
Dari analisa arus kas secara perilaku bisnis pada From the behaviour or Business As Usual (BAU)
umumnya, diperoleh gap Net Cumulative Outflow cash flow analysis, it is obtained the expected Net
(NCO) yang diperkirakan akan dihadapi Bank dan Cumulative Outflow (NCO) gap that will be
dilakukan pengawasan secara harian. encountered by the Bank and is monitored in daily
basis.
180
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Tabel jatuh tempo aset dan liabilitas Bank Maturity table of the Bank’s asset and liabilities
berdasarkan jangka waktu kontraktual yang based on contractual can be seen in Note 40.
tersisa dapat dilihat pada Catatan 40.
Risiko operasional Operational risk
Risiko operasional didefinisikan sebagai risiko Operational Risk is defined as the risk of loss
yang terjadi sebagai akibat dari ketidakcukupan resulting from inadequate or failed internal
atau kegagalan proses internal, manusia dan processes, people and systems or from various
sistem atau dari berbagai peristiwa eksternal. external events. Potential loss may be in the form
Potensi kerugian dapat berupa kerugian finansial of financial loss or other damages, for example,
atau dampak buruk lainnya, misalnya, kehilangan loss of reputation and public confidence that will
reputasi dan kepercayaan publik yang berdampak impact the Bank’s credibility and ability to transact,
pada kredibilitas Bank dan kemampuan untuk maintain liquidity and obtain new business.
bertransaksi dan menjaga likuiditas dan
memperoleh bisnis baru.
Bank telah menetapkan Kerangka Kerja dan The Bank has established an Operational Risk
Kebijakan Manajemen Risiko Operasional Management Framework and Policy as a
sebagai pendekatan terstruktur untuk systematic approach to identify, measure, monitor
mengidentifikasi, mengukur, memantau, dan and mitigate operational risk. The framework
memitigasi risiko operasional. Kerangka kerja consists of governance structure, policies and
tersebut terdiri dari struktur tata kelola, kebijakan standards, enforcement of risk culture and
dan prosedur, pelaksanaan budaya dan awareness, methodology and tools, risk
kesadaran risiko, metodologi dan perangkat, monitoring, mitigation, and reporting, regulatory
pengawasan, mitigasi dan pelaporan risiko, capital and also reviews and audit.
peraturan permodalan serta peninjauan risiko dan
audit.
Ambang batas untuk risiko operasional telah Operational risk thresholds have been established
ditetapkan, termasuk namun tidak terbatas pada: through, including but not limited to, the following:
Risk Appetite Statement. Risk Appetite Statement.
Risk Assessment Matrix. Risk Assessment Matrix.
Batas pemicu yang menjadi bagian dari Trigger limit embedded in the Key Operational
pengawasan rutin atas Key Operational Risk Risk Indicators.
Indicators.
Direksi melakukan pengawasan secara aktif The Board of Directors performs active supervision
terhadap pengelolaan risiko operasional melalui towards operational risk management through Risk
Komite Manajemen Risiko. Management Committee.
Bank telah menerapkan dan secara berkelanjutan The Bank has implemented and continuously
mengembangkan infrastruktur berupa sistem dan develops the infrastructure in the form of system
perangkat untuk mendukung pelaksanaan and tools to support the identification,
identifikasi, pengukuran, pengendalian dan measurement, control and monitoring of
pengawasan manajemen risiko operasional. operasional risk management. The system enables
Sistem yang ada mendukung kolaborasi dalam collaboration in implementing operational risk
penerapan perangkat-perangkat dan pelaporan management tools and reports such as Key Risk
manajemen risiko operasional, seperti Key Risk Control Self Assessment (KRCSA), General
Control Self Assessment (KRCSA), General Operating & Control Environment Questionnaire
Operating & Control Environment Questionnaire (GOCEQ), Key Operational Risk Indicator (KORI),
(GOCEQ), Key Operational Risk Indicator (KORI), Management Risk Awareness (MRA), Incident
Management Risk Awareness (MRA) dan Risk Reporting to identify operational risk incidents
Incident Risk Reporting. in all working units and branches.
181
Page 556
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko operasional (lanjutan) Operational risk (continued)
Secara konsisten Bank melaksanakan program The Bank consistently performs programmes and
dan inisiatif untuk meningkatkan kemampuan initiatives in order to improve the Bank's capability
Bank dalam mengelola risiko operasional: in managing its operational risk:
Membuat dan melakukan pengkinian Development and review of operational risk
terhadap kerangka kerja dan kebijakan management framework, policies, and other
manajemen risiko operasional serta policies guidelines relating to operational risk
kebijakan lainnya yang berkaitan dengan management.
pengelolaan risiko operasional.
Mengevaluasi secara berkala Operational Periodical review of current Operational Risk
Risk Appetite Statement (RAS) untuk Appetite Statement (RAS) to be aligned with
menyesuaikan dengan sasaran dan strategi the Bank's overall business objectives and
bisnis bank secara keseluruhan. strategy.
Pengembangan metode analisa dan laporan- Development of analysis methodology and
laporan manajemen risiko operasional. reports of operational risk management.
Menumbuhkan budaya risiko yang kuat Foster strong risk culture through risk culture
melalui operational risk management communication series in various events and
communication series di berbagai acara dan communication media.
media komunikasi.
Melakukan pengkajian atas sejumlah Reviewing new products/activities/third
produk/aktivitas/ pihak ketiga/prosedur baru. party/procedures.
Risiko kepatuhan Compliance risk
Risiko kepatuhan didefinisikan sebagai risiko Compliance risk is defined as the risk that occurs
yang timbul akibat Bank tidak mematuhi dan/atau due to the Bank’s failure to comply with and/or
tidak melaksanakan peraturan perundang- implement the prevailing laws and regulations.
undangan dan ketentuan yang berlaku.
Fungsi kerja kepatuhan telah menetapkan The compliance function has put in place the
langkah-langkah berikut untuk mengurangi dan following measures to mitigate and manage the
mengelola risiko kepatuhan terhadap peraturan: regulatory compliance risk:
A. Kebijakan dan prosedur kepatuhan A. Compliance policies and procedures
Sejalan dengan peraturan yang berlaku, In line with the regulations, the compliance
kebijakan kepatuhan telah dirumuskan untuk policy is formulated to define the scope,
menentukan cakupan, prinsip-prinsip dan principles and responsibilities for the effective
tanggung jawab untuk pengelolaan yang management of the compliance function. The
efektif dari fungsi kepatuhan. Pokok-pokok principal regulations as well as its objectives
pengaturan kepatuhan beserta tujuan are as follows:
pengaturannya adalah sebagai berikut:
1. Piagam Kepatuhan Bank 1. The Bank’s Compliance Charter
Mengatur mengenai Kerangka Kerja Governing the Bank’s Compliance
Fungsi Kepatuhan Bank (Compliance Framework as well as the roles and
Framework) serta peran dan tanggung responsibilities of all stakeholders.
jawab seluruh stakeholders.
182
Page 557
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kepatuhan (lanjutan) Compliance risk (continued)
Fungsi kerja kepatuhan telah menetapkan The compliance function has put in place the
langkah-langkah berikut untuk mengurangi dan following measures to mitigate and manage the
mengelola risiko kepatuhan terhadap peraturan: regulatory compliance risk: (continued)
(lanjutan)
A. Kebijakan dan prosedur kepatuhan (lanjutan) A. Compliance policies and procedures
(continued)
Sejalan dengan peraturan yang berlaku, In line with the regulations, the compliance
kebijakan kepatuhan telah dirumuskan untuk policy is formulated to define the scope,
menentukan cakupan, prinsip-prinsip dan principles and responsibilities for the effective
tanggung jawab untuk pengelolaan yang management of the compliance function. The
efektif dari fungsi kepatuhan. Pokok-pokok principal regulations as well as its objectives
pengaturan kepatuhan beserta tujuan are as follows: (continued)
pengaturannya adalah sebagai berikut:
(lanjutan)
2. Prosedur pengkajian kepatuhan 2. Procedures for compliance review
Mengatur mengenai mekanisme Governing the mechanism to identify
identifikasi kekurangan atau kelemahan control deficiencies or weaknesses in the
kontrol pada kebijakan, ketentuan, Bank’s internal policies, provisions,
sistem, dan prosedur internal Bank serta systems and procedures as well as the
mekanisme pemantauan risiko mechanism of risk-based approach in
kepatuhan dengan pendekatan berbasis compliance risk monitoring.
risiko (Risk-Based Approach).
3. Prosedur pemantauan komitmen Bank 3. Procedures in monitoring the Bank’s
dan tindak lanjut atas permintaan dari commitment and follow-up on requests
regulator terkait from related regulator
Mengatur mengenai mekanisme Governing the mechanism of compliance
pemenuhan kepatuhan dan fulfilment and implementation towards the
pelaksanaan terhadap komitmen yang commitments made by the Bank to the
dibuat oleh Bank kepada regulator. regulator.
4. Prosedur pengeskalasian dan pelaporan 4. Procedures in escalating and reporting
kejadian risiko kepatuhan compliance risk events
Mengatur mengenai mekanisme Governing the reporting mechanism in
pelaporan yang tepat waktu untuk setiap a timely manner for each breach or
pelanggaran atau ketidakpatuhan violation of the prevailing laws,
terhadap peraturan perundang- regulations and provisions.
undangan dan ketentuan yang berlaku.
5. Regulatory Risk Assessment (RRA) 5. Regulatory Risk Assessment (RRA)
Memberikan petunjuk dalam melakukan Providing guidance in performing RRA
proses RRA yang digunakan untuk process used to identify, manage and
mengidentifikasi, mengelola dan mitigate compliance risk within the Bank.
memitigasi risiko kepatuhan di Bank.
183
Page 558
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kepatuhan (lanjutan) Compliance risk (continued)
Fungsi kerja kepatuhan telah menetapkan The compliance function has put in place the
langkah-langkah berikut untuk mengurangi dan following measures to mitigate and manage the
mengelola risiko kepatuhan terhadap peraturan: regulatory compliance risk: (continued)
(lanjutan)
A. Kebijakan dan prosedur kepatuhan (lanjutan) A. Compliance policies and procedures
(continued)
Fungsi Kerja Compliance bekerja sama Compliance Function in cooperation with Risk
dengan Fungsi Kerja Risk Management dan Management Function and Internal Audit
Fungsi Kerja Internal Audit telah menerbitkan Function has issued Guidelines of Risk Based
Pedoman Penyesuaian Nilai Kinerja Employee Performance/Key Performance
Pegawai/Key Performance Indicator (KPI) Indicator (KPI) to ensure the effectiveness of
Berdasarkan Risiko untuk memastikan risk management and Good Corporate
efektivitas dari pelaksanaan manajemen Governance implementation, so that the Bank
risiko dan Good Corporate Governance, soundness rating can be maintained at a good
sehingga tingkat kesehatan Bank dapat rating.
terjaga pada peringkat yang baik.
Hingga tanggal 31 Desember 2023, Fungsi As of 31 Desember 2023, Compliance
Kerja Compliance telah mengkinikan Function has updated several internal
beberapa ketentuan internal antara lain provisions, namely the Marketing Material
Prosedur Marketing Material Checklist, Checklist Procedure, Staff Trading Policy, Staff
Kebijakan Perdagangan Staf atas Surat Trading Procedure, Compliance Charter, and
Berharga, Prosedur Perdagangan Staf atas Compliance Guidelines. Moreover,
Surat Berharga, Piagam Kepatuhan dan Compliance Function has also issued an
Pedoman Kepatuhan. Selain itu, Fungsi internal provision related to monitoring
Kerja Compliance juga telah menerbitkan mechanism for Customer data improvement in
ketentuan internal terkait mekanisme order to support Integrated Commercial Bank
pemantauan atas perbaikan data Nasabah Report.
dalam rangka mendukung Laporan Bank
Umum Terintegrasi.
B. Pemantauan indikator keuangan B. Monitoring the financial indicator
Beberapa indikator kunci seperti rasio Several key indicators such as minimum
persyaratan modal minimum, kualitas aktiva capital adequacy ratio, earning asset quality,
produktif, rasio NPL, batas maksimum NPL ratio, legal lending limit, statutory reserve
pemberian kredit, persyaratan giro wajib requirement, macroprudential intermediation
minimum, rasio intermediasi ratio and net open position have been
makroprudensial dan posisi devisa neto telah established to monitor and identify potential
dibentuk untuk memantau dan compliance risks that may arise if the Bank
mengidentifikasi potensi risiko kepatuhan fails to comply.
yang mungkin timbul jika Bank gagal untuk
memenuhinya.
184
Page 559
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kepatuhan (lanjutan) Compliance risk (continued)
Fungsi kerja kepatuhan telah menetapkan The compliance function has put in place the
langkah-langkah berikut untuk mengurangi dan following measures to mitigate and manage the
mengelola risiko kepatuhan terhadap peraturan: regulatory compliance risk: (continued)
(lanjutan)
B. Pemantauan indikator keuangan (lanjutan) B. Monitoring the financial indicator (continued)
Divisi Operational Risk Management bekerja Operational Risk Management Division
sama dengan Fungsi Kerja Compliance, collaborates with Compliance Function,
khususnya Divisi Compliance Advisory and particularly Compliance Advisory and
Monitoring untuk melaporkan setiap potensi Monitoring Division to report any potential
pelanggaran atau pelanggaran atas violation or breach of the prevailing
ketentuan yang berlaku. Secara regulations. Bank has continuously enhanced
berkesinambungan, Bank meningkatkan the management of regulatory compliance
pengelolaan risiko kepatuhan terhadap risks. As of 31 December 2023, there have
peraturan. Sampai dengan tanggal been fines imposed by the regulator due to
31 Desember 2023 masih terdapat administrative errors related to inaccuracy or
pengenaan sanksi dari regulator atas delay in the preparation and/or submission of
kesalahan yang bersifat administratif, terkait routine regulatory reporting, such as
dengan ketidaktelitian atau keterlambatan Commercial Bank Daily Report (LHBU),
dalam penyusunan dan/atau penyampaian Securities Transaction Report, SLIK Report,
laporan-laporan rutin kepada Regulator, and Integrated Commercial Bank Report
seperti Laporan Harian Bank Umum (LHBU), (LBUT). In managing the compliance risk that
Laporan Transaksi Efek, Laporan SLIK, dan have arised from the administrative errors, the
Laporan Bank Umum Terintegrasi (LBUT). Bank’s management has provided direction
Dalam mengelola risiko kepatuhan yang and guidance as part of the continuous effort
timbul dari pengenaan sanksi tersebut, to ensure adherence to prevailing regulations
manajemen Bank telah memberikan at all times.
pengarahan dan himbauan sebagai bagian
dari upaya berkesinambungan dalam
memastikan kepatuhan terhadap ketentuan
yang berlaku.
Dalam penerapan Program Anti Pencucian In the implementation of Anti Money
Uang (APU) dan Pencegahan Pendanaan Laundering (AML) and Countering the
Terorisme (PPT), Bank telah melakukan Financing of Terrorism (CFT) Program, Bank
langkah-langkah yang mencakup: has performed the following:
a) Pengawasan aktif dari Dewan Komisaris a) Active supervision of the Board of
dan Direksi, dengan melaksanakan: Commissioners and the Board of
Directors, by conducting:
- Penyelenggaraan rapat Komite Anti - Anti Money Laundering Committee
Money Laundering setiap bulannya; monthly meeting;
- Rapat berkala melalui forum rapat - Regular meeting in the form of
Dewan Komisaris, Direksi dan Board of Commissioners/Board of
Komite Manajemen Risiko untuk Directors and Risk Management
membahas antara lain hasil Committee meeting to discuss,
pelaksanaan program APU-PPT, among other the implementation of
perkembangan, pencapaian dan AML-CFT program, the
tindak lanjut yang akan diambil developments, achievements and
mengenai pengkinian data, kasus- the follow-up actions to be taken
kasus yang memerlukan perhatian regarding the updating of data,
khusus dari manajemen, dan tindak cases escalated for management
lanjut untuk meminimalisasi attention, and the follow-up to
kesalahan pelaporan. minimize the error in reporting.
185
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kepatuhan (lanjutan) Compliance risk (continued)
Fungsi kerja kepatuhan telah menetapkan The compliance function has put in place the
langkah-langkah berikut untuk mengurangi dan following measures to mitigate and manage the
mengelola risiko kepatuhan terhadap peraturan: regulatory compliance risk: (continued)
(lanjutan)
B. Pemantauan indikator keuangan (lanjutan) B. Monitoring the financial indicator (continued)
Dalam penerapan Program Anti Pencucian In the implementation of Anti Money
Uang (APU) dan Pencegahan Pendanaan Laundering (AML) and Countering the
Terorisme (PPT), Bank telah melakukan Financing of Terrorism (CFT) Program, Bank
langkah-langkah yang mencakup: (lanjutan) has performed the following: (continued)
b) Kebijakan dan prosedur dengan cara: b) Policies and procedures by conducting:
- Menjalankan Program APU-PPT - Formulating the AML-CFT Program
dalam kebijakan internal Bank yang within the Bank’s internal policy by
disesuaikan dengan aturan dari adopting the regulation from the
regulator dan 40 + 9 rekomendasi regulator and the FATF
FATF; recommendations of 40 + 9;
- Implementasi Program APU-PPT - Implementation AML-CFT Program
dalam bentuk SOP yang mencakup in the form of SOP that includes:
antara lain:
Penerimaan nasabah; Customer acceptance;
On-going review; On-going review;
Pelaporan kepada manajemen; Management reporting;
Pemantauan transaksi; Transaction monitoring;
Pelaporan kepada regulator. Regulatory reporting.
c) Sistem Pengendalian Internal: c) Internal Control System:
- Penunjukkan petugas/pejabat yang - Appointment of staff/officer
bertugas secara khusus dalam specifically tasked in monitoring the
pemantauan pelaksanaan proses implementation of the AML-CFT
dan program APU dan PPT pada process and programs in each
setiap unit bisnis dan unit business units and support units.
pendukung.
- Penyusunan SOP yang lebih rinci - Formulating more detailed SOP
terkait proses pelaksanaan program regarding AML-CFT program
APU dan PPT pada masing-masing implementation process in each
unit bisnis dan unit pendukung. business unit and supporting unit.
- Pengembangan metodologi - Development of AML-CFT risk
pengklasifikasian risiko APU dan classification methodology in the
PPT pada unit bisnis dan kantor business units and branches.
cabang.
- Pengembangan metodologi - Development of compliance testing
pengkajian kepatuhan terhadap methodology on the implementation
implementasi ketentuan APU-PPT. of AML-CFT regulation.
186
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The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kepatuhan (lanjutan) Compliance risk (continued)
Fungsi kerja kepatuhan telah menetapkan The compliance function has put in place the
langkah-langkah berikut untuk mengurangi dan following measures to mitigate and manage the
mengelola risiko kepatuhan terhadap peraturan: regulatory compliance risk: (continued)
(lanjutan)
B. Pemantauan indikator keuangan (lanjutan) B. Monitoring the financial indicator (continued)
Dalam penerapan Program Anti Pencucian In the implementation of Anti Money
Uang (APU) dan Pencegahan Pendanaan Laundering (AML) and Countering the
Terorisme (PPT), Bank telah melakukan Financing of Terrorism (CFT) Program, Bank
langkah-langkah yang mencakup: (lanjutan) has performed the following: (continued)
d) Sistem Informasi Manajemen, dimana d) Management Information System, where
Bank telah memiliki: the Bank has established:
- Sistem untuk pemantauan transaksi - System for transaction monitoring
nasabah yang meliputi rekening which includes current/savings
tabungan/giro, deposito dan kartu accounts, time deposits and credit
kredit; cards;
- Sistem untuk melakukan - System for screening transaction
penyaringan atas transaksi (incoming and outgoing) of wire
(incoming maupun outgoing) transfer using SWIFT method
transfer dana yang menggunakan against the sanction list/regulatory
metode SWIFT terhadap daftar list/Bank UOB internal list and for
sanksi/daftar regulator/daftar message stripping detection;
internal Bank UOB dan untuk
mendeteksi message stripping;
- Sistem untuk melakukan proses - System for screening process
screening terhadap daftar through the black list/sanctions
hitam/daftar sanksi/daftar internal list/Bank UOB internal list/adverse
bank UOB/pemberitaan negatif news on AML-CFT;
tentang APU-PPT;
- Sistem aplikasi yang terkait dengan - Application system related to
pelaporan kepada regulator; regulatory reporting;
- Sistem untuk melakukan otomasi - System for automated assessing
penilaian peringkat risiko nasabah customer risk ratings based on
berdasarkan parameter yang telah predefined parameters and periodic
ditentukan sebelumnya dan review/trigger events.
pemeriksaan berkala/trigger event.
d) Sumber daya manusia dan pelatihan, di d) Human resource and training, where the
mana Bank telah: Bank already has:
- Melakukan proses Know Your - Conducted Know Your Employee
Employee (KYE) sebelum (KYE) process before employee
penerimaan karyawan dan recruitment and monitoring of
pemantauan terhadap profil employee profile;
karyawan;
- Melakukan pelatihan terkait dengan - Conducted training related to AML-
APU-PPT minimal 1 tahun sekali; CFT minimum once a year;
- Menerapkan metode pelatihan - Implemented training method
dengan cara: through:
i. Face to face: pelatihan di dalam i. Face to face: in class trainings/
kelas/ melalui media virtual; through virtual media;
ii. E-Learning: pelatihan yang ii. E-Learning: training by using
menggunakan aplikasi/modul application/module via online.
via online.
187
Page 562
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko kepatuhan (lanjutan) Compliance risk (continued)
Selain hal di atas, Fungsi Kerja Compliance juga Apart from the above, Compliance Function also
berperan penting sebagai penasehat dengan plays an important advisory role as it provides the
memberikan opini terkait ketentuan regulator dan business and other units with regulatory and
kepatuhan secara berkelanjutan kepada fungsi compliance advice on an ongoing basis.
kerja bisnis dan fungsi kerja lainnya.
Risiko strategis Strategic risk
Risiko strategis didefinisikan sebagai risiko akibat Strategic risk is defined as the risk due to poor
ketidaktepatan dalam pengambilan dan/atau setting and/or implementation of a strategic
pelaksanaan suatu keputusan strategis yang decision that has impact on the Bank’s profitability,
berdampak pada rentabilitas Bank serta and failure to anticipate any changes in the
kegagalan dalam mengantisipasi perubahan business environment such as changes in banking
lingkungan bisnis seperti perubahan-perubahan industry, turmoil in the national economy, and
yang terjadi di industri perbankan, gejolak pada disruption in technological field.
perekonomian nasional, maupun disrupsi pada
bidang teknologi.
Kebijakan Manajemen Risiko Strategis telah Strategic Risk Management Policy has been
ditetapkan guna memfasilitasi seluruh fungsi kerja established in order to facilitate all functions in the
dalam melakukan identifikasi, pengukuran, identification, measurement, monitoring and
pemantauan, dan pelaporan risiko strategis. reporting of strategic risk.
Pengelolaan risiko strategis merujuk pada Strategic risk management refers to how the Bank
bagaimana Bank membuat suatu keputusan makes strategic decisions in response to significant
strategis untuk merespon segala perubahan changes in the current and prospective
lingkungan (internal dan eksternal) pada masa environment (internal and external) and how it
kini maupun pada masa yang akan datang, serta deploys capital and resources to achieve its
bagaimana modal dan sumber daya dialokasikan strategic goals.
guna mencapai tujuan strategis Bank.
Secara berkelanjutan, Bank melakukan On an ongoing basis, the Bank performs periodic
pengkajian ulang secara berkala atas pencapaian reviews on the achievement of financial targets and
target keuangan dan realisasi strategi. Seluruh realized strategies. All business functions are also
fungsi kerja bisnis juga bertanggung jawab untuk responsible for the monitoring of its strategic risks
memantau risiko strategis pada areanya dan and reporting promptly to related director or senior
melaporkan secara tepat waktu kepada direktur executive officers on any potential issues or
atau pejabat eksekutif senior terkait apabila problems that have strategic implications on the
terdapat isu potensial atau masalah yang memiliki Bank.
implikasi strategis terhadap Bank.
Seluruh fungsi kerja bertanggung jawab untuk All functions are responsible for the monitoring of
memantau risiko strategis. strategic risk.
Risiko hukum Legal risk
Risiko hukum didefinisikan sebagai risiko yang Legal risk is defined as the risk impacts on the
berakibat terhadap posisi finansial Bank, Bank’s financial position, operations or reputation,
operasional atau reputasi yang disebabkan caused by existence of lawsuits involving the Bank,
adanya tuntutan hukum yang melibatkan Bank, absence of supporting or developments in laws
ketiadaan peraturan perundang-undangan yang and regulations, weak contracts such as
mendukung atau perkembangannya, kelemahan unenforceable/ unfavourable/ defective/
perikatan seperti kontrak yang tidak dapat unintended contracts, or non-compliance with
dijalankan/ tidak menguntungkan/ mengandung applicable laws.
kesalahan/ tidak diinginkan, atau ketidakpatuhan
terhadap hukum yang berlaku.
188
Page 563
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko hukum (lanjutan) Legal risk (continued)
Bank melakukan pemantauan atas potensi risiko The Bank has monitored the potential legal risk that
hukum yang mungkin timbul dari ketidakjelasan might arise from lack of clarity of the
dalam kontrak/perjanjian, adanya perkara- contracts/agreements, litigation cases and
perkara litigasi dan jaminan, klaim, dan adanya collaterals, claims, and changes or absence of
perubahan atau ketiadaan peraturan clear regulations. In managing the legal risk, the
perundangan yang jelas. Dalam pengelolaan Bank conducted monitoring in all operational
risiko hukum, Bank melakukan pemantauan activities, mainly those involving the third parties,
komprehensif terhadap seluruh kegiatan which potentially can cause conflict of interest as
operasional, terutama yang melibatkan pihak well as lawsuits. Monitoring is conducted by
ketiga, yang berpotensi menimbulkan benturan developing standard agreements that include
kepentingan maupun tuntutan hukum. regulations and internal policies, reviewing
Pemantauan dilakukan dengan mengembangkan transactional agreements, and analyzing new
standar perjanjian meliputi peraturan dan products or activities for potential legal risks.
kebijakan internal, melakukan kaji ulang atas
perjanjian transaksional, dan menganalisa
potensi risiko hukum pada produk dan aktivitas
baru.
Risiko reputasi Reputation risk
Risiko reputasi dapat berdampak negatif pada Reputation risk is the adverse impact on the Bank’s
pendapatan, likuiditas, atau modal Bank yang income, liquidity, or capital arising from negative
timbul dari persepsi atau opini negatif stakeholder stakeholder perception or opinion of the Bank’s
terhadap praktik bisnis, kegiatan dan kondisi business practices, activities and financial
keuangan Bank. condition.
Pengelolaan risiko reputasi dilakukan melalui Risk management for reputation risk is conducted
pencegahan peristiwa yang dapat menyebabkan through prevention of events that could lead to
risiko reputasi terjadi, misalnya dengan reputation risk, for example by conducting a regular
melakukan pemantauan, komunikasi secara communication to related stakeholders and a
berkala kepada para pemangku kepentingan, dan series of activities such as corporate social
kegiatan tanggung jawab sosial perusahaan. responsibility.
Mitigasi atas risiko reputasi dilakukan melalui Mitigation of reputation risk was performed through
pemantauan dan pengelolaan secara intensif atas intensive monitoring and management of negative
pemberitaan negatif di media massa atau news in mass media and negative sentiments in
percakapan negatif di media sosial oleh Divisi social media by Strategic Communications and
Strategic Communication and Brand. Divisi ini Brand Division. This division will regularly update
secara berkala akan melakukan sosialisasi dan and refresh communications policies to relevant
pembaharuan kebijakan komunikasi kepada stakeholders, particularly those appointed as the
pemangku kepentingan terkait, khususnya pihak- Bank’s spokespersons. Trainings on social media
pihak yang ditunjuk sebagai juru bicara Bank. ethics are also provided in an effort to mitigate
Pelatihan mengenai kode etik dalam sosial media reputation risks.
juga diberikan kepada seluruh karyawan sebagai
upaya mitigasi terkait risiko reputasi.
Kualitas layanan dan penanganan keluhan Service quality and handling of customer
nasabah telah ditingkatkan melalui pemantauan complaints have been improved through the
secara berkala dan pengembangan program regular monitoring and development programme
yang dilakukan oleh Divisi Customer Experience by Customer Experience and Advocacy Division.
and Advocacy.
189
Page 564
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
41. Kebijakan Manajemen Risiko (lanjutan) 41. Risk Management Policies (continued)
Risiko reputasi (lanjutan) Reputation risk (continued)
Upaya Bank dalam memitigasi risiko reputasi The Bank's efforts in mitigating reputation risk are
adalah sebagai berikut: as follow:
Melakukan tinjauan (evaluasi) dan revisi yang Revising and adjusting policy and guidance for
diperlukan atas kebijakan serta pedoman complaint handling.
dalam penanganan keluhan nasabah.
Mensosialisasikan seluruh revisi kebijakan Socializing all revised policies and complaint
tersebut serta alur kerja penanganan keluhan management procedure to all units.
pada seluruh unit.
Memaksimalkan peran Contact Centre Maximising the role of Contact Center by
dengan meningkatkan mekanisme untuk improving the complaint handling mechanism
menangani keluhan serta mendelegasikan and by delegation of duty regarding customer
beberapa wewenang penyelesaian keluhan complaints settlement.
nasabah.
Melakukan pemantauan pemberitaan media Monitoring media coverage and social media
massa dan media sosial setiap hari dengan on a daily basis with specific attention to
memberikan perhatian khusus kepada berita negative news, conversation or complaint
atau percakapan negatif atau keluhan which has the potential to impact the Bank’s
nasabah yang berpotensi berdampak reputation.
kepada reputasi.
Menjaga hubungan baik dengan media Maintain good relationship with media as part
sebagai bagian dari upaya mengatasi of negative news handling which could
dampak penyebaran berita negatif yang adversely impact the Bank’s reputation.
dapat berdampak pada reputasi perusahaan.
Melakukan evaluasi dan koordinasi secara Evaluating and coordinating regularly with
berkala dengan unit-unit terkait untuk related units to discuss customer complaint
membahas keluhan nasabah, mencari resolution, find out alternative solution
solusinya termasuk penyelesaian keluhan including complaint resolution as per
sesuai dengan Service Level Agreement determined by the Service Level Agreement
(SLA) yang ditentukan. (SLA).
Melakukan edukasi kepada para nasabah Educating related customers on the
mengenai pencegahan atas tindakan precautionary actions against fraud by placing
pemalsuan atau penipuan (fraud) dengan posters in branches and ATMs as well as
menempatkan poster di cabang dan ATM, through the display space on the ATM screen.
serta melalui iklan pada layar ATM.
Guna meningkatkan kualitas layanan serta In order to improve the service quality and to
mendorong loyalitas nasabah, maka Bank encourage the customer loyalty, the Bank
melakukan rapat Service Excellence Council conducts Service Excellence Council meeting
minimal empat kali dalam setahun. at least four times a year.
Melakukan coaching dan pemantauan Periodical coaching and monitoring of service
standar layanan untuk semua front-liner oleh standards for all front-liners by regional
penanggung jawab layanan wilayah secara Service PIC.
periodik.
Melakukan sosialisasi kepada seluruh bisnis Socialising process flow of complaint handling
segmen dan divisi terkait dengan alur proses to all business segments and divisions so that
penanganan keluhan agar dapat complaint can be followed up properly when it
ditindaklanjuti dengan benar. occurs.
Menanggapi keluhan nasabah secara tertulis Responding to customers’ complaints in
dengan segera dan benar baik keluhan yang writing as soon as possible and properly either
diterima melalui Contact Centre, Kantor for complaints received through Contact
Cabang, Media, Bank Indonesia (BI) dan Center, Branches, Media, Bank Indonesia (BI)
Otoritas Jasa Keuangan (OJK). and Otoritas Jasa Keuangan (OJK).
190
Page 565
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
42. Nilai Wajar Instrumen Keuangan 42. Fair Value of Financial Instruments
Tabel di bawah ini menyajikan perbandingan The tables below present the comparison between
antara nilai tercatat, seperti yang dilaporkan the carrying values as reported in the statement of
dalam laporan posisi keuangan dengan nilai wajar financial position and the fair values of all financial
semua aset keuangan dan liabilitas keuangan. assets and liabilities.
31 Desember/
31 December 2023
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Aset Keuangan Financial Assets
Biaya perolehan yang diamortisasi Amortised cost
Kas 603.540 603.540 Cash
Giro pada Bank Indonesia 9.901.077 9.901.077 Currents accounts with Bank Indonesia
Giro pada bank lain - neto 981.776 981.776 Current accounts with other banks - net
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain - neto 2.135.930 2.135.930 and other banks - net
Investasi keuangan - neto 12.649.460 12.649.460 Financial investments - net
Kredit yang diberikan - neto 79.911.842 79.911.842 Loans - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto 21.096.176 21.096.176 agreements to resell - net
Tagihan akseptasi - neto 2.498.666 2.498.666 Acceptance receivables - net
Aset lain-lain* 987.526 987.526 Other assets*
Diukur pada nilai wajar
melalui laba rugi Fair value through profit or loss
Efek-efek yang diperdagangkan 2.758.236 2.758.236 Trading securities
Tagihan derivatif 840.694 840.694 Derivative receivables
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto 1.582.077 1.582.077 agreements to resell - net
Diukur pada nilai wajar Fair value through
melalui penghasilan komprehensif lain other comprehensive income
Investasi keuangan 20.401.765 20.401.765 Financial investments
Total 156.348.765 156.348.765 Total
Liabilitas Keuangan Financial Liabilities
Biaya perolehan yang diamortisasi Amortised cost
Liabilitas atas surat berharga yang dijual Liabilities on securities sold under
dengan janji dibeli kembali 13.295.961 13.295.961 repurchase agreement
Diukur pada nilai wajar
melalui laporan laba rugi Fair value through profit or loss
Liabilitas derivatif 1.222.600 1.222.600 Derivative payables
Liabilitas Lain-lain Other Liabilities
Liabilitas segera 473.355 473.355 Current liabilities
Simpanan dari nasabah 119.282.541 119.282.541 Deposits from customers
Simpanan dari bank lain 1.398.759 1.398.759 Deposits from other banks
Bunga yang masih harus dibayar 199.137 199.137 Interest payables
Liabilitas akseptasi 2.412.181 2.412.181 Acceptance payables
Efek utang yang diterbitkan - neto 1.443.423 1.541.996 Debt securities issued - net
Liabilitas lain-lain** 2.044.497 2.044.497 Other liabilities**
Total 141.772.454 141.871.027 Total
* Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan * Other assets consists of interest receivables, security deposits and
transaksi spot. spot transactions.
** Liabilitas lain-lain terdiri dari biaya yang masih harus dibayar, ** Other liabilities consists of accrued expenses, security deposits and
setoran jaminan dan transaksi spot. spot transactions.
191
Page 566
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
42. Nilai Wajar Instrumen Keuangan (lanjutan) 42. Fair Value of Financial Instruments (continued)
Tabel di bawah ini menyajikan perbandingan The tables below present the comparison between
antara nilai tercatat, seperti yang dilaporkan the carrying values as reported in the statement of
dalam laporan posisi keuangan dengan nilai wajar financial position and the fair values of all financial
semua aset keuangan dan liabilitas keuangan. assets and liabilities. (continued)
(lanjutan)
31 Desember/
31 December 2022
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
Aset Keuangan Financial Assets
Biaya perolehan yang diamortisasi Amortised cost
Kas 717.402 717.402 Cash
Giro pada Bank Indonesia 8.869.574 8.869.574 Currents accounts with Bank Indonesia
Giro pada bank lain - neto 1.093.934 1.093.934 Current accounts with other banks - net
Penempatan pada Bank Indonesia Placement with Bank Indonesia
dan bank lain - neto 5.855.629 5.855.629 and other banks - net
Investasi keuangan - neto 12.028.074 12.028.074 Financial investments - net
Kredit yang diberikan - neto 81.298.571 81.298.571 Loans - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto 1.051.846 1.051.846 agreements to resell - net
Tagihan akseptasi - neto 3.683.199 3.683.199 Acceptance receivables - net
Aset lain-lain* 1.077.859 1.077.859 Other assets*
Diukur pada nilai wajar
melalui laba rugi Fair value through profit or loss
Efek-efek yang diperdagangkan 593.778 593.778 Trading securities
Tagihan derivatif 1.320.737 1.320.737 Derivative receivables
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto 1.818.438 1.818.438 agreements to resell - net
Diukur pada nilai wajar Fair value through
melalui penghasilan komprehensif lain other comprehensive income
Investasi keuangan 15.925.082 15.925.082 Financial investments
Total 135.334.123 135.334.123 Total
Liabilitas Keuangan Financial Liabilities
Diukur pada nilai wajar
melalui laporan laba rugi Fair value through profit or loss
Liabilitas derivatif 1.400.535 1.400.535 Derivative payables
Liabilitas Lain-lain Other Liabilities
Liabilitas segera 192.839 192.839 Current liabilities
Simpanan dari nasabah 113.917.271 113.917.271 Deposits from customers
Simpanan dari bank lain 206.148 206.148 Deposits from other banks
Bunga yang masih harus dibayar 132.472 132.472 Interest payables
Liabilitas akseptasi 3.251.652 3.251.652 Acceptance payables
Efek utang yang diterbitkan - neto 1.595.668 1.716.580 Debt securities issued - net
Liabilitas lain-lain** 1.000.334 1.000.334 Other liabilities**
Total 121.696.919 121.817.831 Total
* Aset lain-lain terdiri dari piutang bunga, setoran jaminan dan * Other assets consists of interest receivables, security deposits and
transaksi spot. spot transactions.
** Liabilitas lain-lain terdiri dari biaya yang masih harus dibayar, ** Other liabilities consists of accrued expenses, security deposits and
setoran jaminan dan transaksi spot. spot transactions.
192
Page 567
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
42. Nilai Wajar Instrumen Keuangan (lanjutan) 42. Fair Value of Financial Instruments (continued)
Nilai wajar aset dan liabilitas keuangan, kecuali The fair value of financial assets and liabilities,
efek-efek yang diperdagangkan, tagihan dan except for trading securities, derivative receivables
liabilitas derivatif, investasi keuangan yang and liabilities, financial investments available-for-
tersedia untuk dijual dan efek utang yang sale and debt securities issued, approximate its
diterbitkan, mendekati nilai tercatatnya karena carrying values because financial assets and
aset dan liabilitas keuangan dalam jumlah liabilities in significant amount have short-term
signifikan memiliki jangka waktu yang pendek period and/or the interest rate is frequently
dan/atau suku bunganya sering ditinjau ulang. reviewed. The fair value of derivative receivables
Tagihan dan liabilitas derivatif nilai wajarnya and liabilities are based on valuation technique.
dihitung berdasarkan teknik penilaian. Efek-efek Trading securities and financial investment at fair
yang diperdagangkan dan investasi keuangan value through other comprehensive income, its fair
yang diukur pada nilai wajar melalui penghasilan value is based on quoted or observable prices. The
komprehensif lain, nilai wajarnya berdasarkan fair value of debt securities issued are calculated
harga yang dapat diperoleh atau dapat using discounted cash flows using market interest
diobservasi. Nilai wajar dari efek utang yang rate.
diterbitkan dihitung menggunakan diskonto arus
kas berdasarkan tingkat suku bunga pasar.
Penilaian atas nilai wajar instrumen keuangan Valuation for the fair value of financial instruments
berdasarkan hierarki nilai wajar dapat dilihat pada based on the fair value hierarchy refer to Note 2af.
Catatan 2af.
Tabel di bawah ini menyajikan aset dan liabilitas The tables below show the asset and liabilities
yang diakui pada nilai wajar berdasarkan hierarki recognized at fair value based on the hierarchy
yang digunakan oleh Bank untuk menentukan used by the Bank in determining and disclosing the
dan mengungkapkan nilai wajar dari aset dan fair value of asset and liabilities:
liabilitas:
31 Desember/
31 December 2023
Tingkat 1/ Tingkat 2/ Tingkat 3/
Level 1 Level 2 Level 3 Total
Aset yang diukur pada
nilai wajar Assets measured at fair value
Investasi keuangan 20.401.765 - - 20.401.765 Financial investments
Efek-efek yang
diperdagangkan 2.758.236 - - 2.758.236 Trading securities
Tagihan derivatif - 840.694 - 840.694 Derivative receivables
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - 1.582.077 - 1.582.077 agreements to resell
Total aset yang diukur Total assets measured
pada nilai wajar 23.160.001 2.422.771 - 25.582.772 at fair value
Aset yang nilai wajarnya Assets for which
diungkapkan fair value are disclosed
Kredit yang diberikan - neto - - 79.911.842 79.911.842 Loans - net
Investasi keuangan - neto - 12.649.460 - 12.649.460 Financial investments - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto - 21.096.176 - 21.096.176 agreements to resell - net
Agunan yang diambil alih - neto - - 157.602 157.602 Foreclosed assets - net
Properti terbengkalai - - 28.689 28.689 Abandoned property
Total aset yang nilai Total assets for which
wajarnya diungkapkan - 33.745.636 80.098.133 113.843.769 fair value are disclosed
Total 23.160.001 36.168.407 80.098.133 139.426.541 Total
193
Page 568
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
42. Nilai Wajar Instrumen Keuangan (lanjutan) 42. Fair Value of Financial Instruments (continued)
Tabel di bawah ini menyajikan aset dan liabilitas The tables below show the asset and liabilities
yang diakui pada nilai wajar berdasarkan hierarki recognized at fair value based on the hierarchy
yang digunakan oleh Bank untuk menentukan used by the Bank in determining and disclosing the
dan mengungkapkan nilai wajar dari aset dan fair value of asset and liabilities: (continued)
liabilitas: (lanjutan)
31 Desember/
31 December 2023
Tingkat 1/ Tingkat 2/ Tingkat 3/
Level 1 Level 2 Level 3 Total
Liabilitas yang diukur pada
nilai wajar Liabilities measured at fair value
Liabilitas derivatif - 1.222.600 - 1.222.600 Derivative liabilities
Total liabilitas yang diukur Total liabilities measured
pada nilai wajar - 1.222.600 - 1.222.600 at fair value
Liabilitas yang nilai wajarnya Liabilities for which
diungkapkan fair value are disclosed
Efek utang yang diterbitkan
- neto - 1.541.996 - 1.541.996 Debt securities issued - net
Total liabilitas yang nilai Total liabilities for which
wajarnya diungkapkan - 1.541.996 - 1.541.996 fair value are disclosed
Total - 2.764.596 - 2.764.596 Total
31 Desember/
31 December 2022
Tingkat 1/ Tingkat 2/ Tingkat 3/
Level 1 Level 2 Level 3 Total
Aset yang diukur pada
nilai wajar Assets measured at fair value
Tagihan derivatif - 1.320.737 - 1.320.737 Derivative receivables
Efek-efek yang
diperdagangkan 593.778 - - 593.778 Trading securities
Investasi keuangan 15.925.082 - - 15.925.082 Financial investments
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - 1.818.438 - 1.818.438 agreements to resell
Total aset yang diukur Total assets measured
pada nilai wajar 16.518.860 3.139.175 - 19.658.035 at fair value
Aset yang nilai wajarnya Assets for which
diungkapkan fair value are disclosed
Kredit yang diberikan - neto - 78.157.797 3.140.774 81.298.571 Loans - net
Investasi keuangan - neto - 12.028.074 - 12.028.074 Financial investments - net
Tagihan atas surat berharga Receivables on securities
yang dibeli dengan janji purchased with
dijual kembali - neto - 1.051.846 - 1.051.846 agreements to resell - net
Agunan yang diambil alih - neto - - 174.021 174.021 Foreclosed assets - net
Properti terbengkalai - - 28.012 28.012 Abandoned property
Total aset yang nilai Total assets for which
wajarnya diungkapkan - 91.237.717 3.342.807 94.580.524 fair value are disclosed
Total 16.518.860 94.376.892 3.342.807 114.238.559 Total
194
Page 569
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
42. Nilai Wajar Instrumen Keuangan (lanjutan) 42. Fair Value of Financial Instruments (continued)
Tabel di bawah ini menyajikan aset dan liabilitas The tables below show the asset and liabilities
yang diakui pada nilai wajar berdasarkan hierarki recognized at fair value based on the hierarchy
yang digunakan oleh Bank untuk menentukan used by the Bank in determining and disclosing the
dan mengungkapkan nilai wajar dari aset dan fair value of asset and liabilities: (continued)
liabilitas: (lanjutan)
31 Desember/
31 December 2022
Tingkat 1/ Tingkat 2/ Tingkat 3/
Level 1 Level 2 Level 3 Total
Liabilitas yang diukur pada
nilai wajar Liabilities measured at fair value
Liabilitas derivatif - 1.400.535 - 1.400.535 Derivative liabilities
Total liabilitas yang diukur Total liabilities measured
pada nilai wajar - 1.400.535 - 1.400.535 at fair value
Liabilitas yang nilai wajarnya Liabilities for which
diungkapkan fair value are disclosed
Efek utang yang diterbitkan
- neto - 1.716.580 - 1.716.580 Debt securities issued - net
Total liabilitas yang nilai Total liabilities for which
wajarnya diungkapkan - 1.716.580 - 1.716.580 fair value are disclosed
Total - 3.117.115 - 3.117.115 Total
43. Informasi Segmen Operasi 43. Operating Segment Information
Segmen operasi dilaporkan sesuai dengan Operating segments are reported in accordance
laporan internal Bank yang disiapkan untuk with the internal reporting provided to determine
mengambil keputusan operasional, yaitu Direksi operational decision, which is the Board of
yang bertanggung jawab untuk mengalokasikan Directors who are responsible for allocating
sumber daya ke segmen tertentu dan penilaian resources to certain segments and performance
atas performanya. assessments.
Untuk tahun yang berakhir pada tanggal 31 For the year ended 31 December 2023 and 2022,
Desember 2023 dan 2022, Bank diorganisasikan the Bank is organized into three operating
ke dalam tiga segmen operasi berdasarkan segments based on products and services as
produk dan jasa sebagai berikut: follows:
- Wholesale yang terdiri segmen commercial - Wholesale consists of commercial banking,
banking, corporate banking, financial institution corporate banking, financial institution group,
group, multi national companies, treasury dan multi national companies, treasury and
investment banking. investment banking segment.
- Retail yang terdiri dari segmen personal - Retail yang terdiri dari segmen personal
financial services, kartu kredit, privillage financial services, kartu kredit, privillage banking
banking dan digital banking. dan digital banking.
- Lain-lain yang terdiri dari segmen yang tidak - Lain-lain yang terdiri dari segmen yang tidak
dapat dialokasikan ke segmen wholesale atau dapat dialokasikan ke segmen wholesale atau
retail. retail.
195
Page 570
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
43. Informasi Segmen Operasi (lanjutan) 43. Operating Segment Information (continued)
Tabel berikut menyajikan informasi segmen bisnis The tables below show the business segment
Bank berdasarkan segmen operasi: information of the Bank based on operating
segment:
31 Desember/31 December 2023
Lainnya/
Wholesale Retail Others Total
Laporan laba rugi Statement of profit or loss
dan penghasilan and other comprehensive
komprehensif lain income
Pendapatan* 4.641.625 2.099.479 (15.897 ) 6.725.207 Income*
Beban** (1.621.116 ) (2.126.895 ) (1.268.552 ) (5.016.563) Expenses**
Cadangan kerugian penurunan Allowance for impairment
nilai (663.602 ) (60.762 ) (72.591 ) (796.955) losses
Laba sebelum beban pajak 2.356.907 (88.178 ) (1.357.040 ) 911.689 Income before tax expense
Beban pajak (236.726) Tax expense
Laba tahun berjalan 674.963 Income for the year
Laporan posisi keuangan Statement of financial position
Jumlah aset 136.661.664 17.324.817 8.559.825 162.546.306 Total assets
Jumlah liabilitas 94.702.419 42.065.411 8.177.047 144.944.877 Total liabilities
31 Desember/31 December 2022
Lainnya/
Wholesale Retail Others Total
Laporan laba rugi Statement of profit or loss
dan penghasilan and other comprehensive
komprehensif lain income
Pendapatan* 4.644.408 1.718.464 185.370 6.548.242 Income*
Beban** (1.415.263) (1.785.973) (599.681) (3.800.917) Expenses**
Cadangan kerugian penurunan Allowance for impairment
nilai (804.999) (84.664) (709.449) (1.599.112) losses
Laba sebelum beban pajak 2.424.146 (152.173) (1.123.760) 1.148.213 Income before tax expense
Beban pajak (196.652) Tax expense
Laba tahun berjalan 951.561 Income for the year
Laporan posisi keuangan Statement of financial position
Jumlah aset 121.375.195 10.703.521 6.197.391 138.276.107 Total assets
Jumlah liabilitas 82.342.099 33.614.996 6.957.670 122.914.765 Total liabilities
* Pendapatan terdiri dari Pendapatan bunga neto, Pendapatan operasional lainnya, dan * Income consists of Interest income-net, Other operating income, and Non-operating income.
Pendapatan non-operasional.
** Beban terdiri dari Gaji dan kesejahteraan karyawan dan Beban umum dan administrasi. ** Expense consists of Salaries and employee’s benefits and General and administrative expenses.
Informasi yang berkaitan dengan segmen Information concerning the geographical segments
geografis Bank disajikan dalam tabel di bawah ini: of the Bank are set out in the tables below:
31 Desember/31 December 2023
Jawa Timur
Jakarta/ Sumatera/ dan Bali/ Total
Jakarta Sumatera East Java
and Bali
Laporan laba rugi Statement of profit or loss
dan penghasilan and other comprehensive
komprehensif lain income
Pendapatan* 5.375.831 697.677 651.699 6.725.207 Income*
Laporan posisi keuangan Statement of financial position
Jumlah aset 130.088.872 15.934.794 16.522.640 162.546.306 Total assets
196
Page 571
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
43. Informasi Segmen Operasi (lanjutan) 43. Operating Segment Information (continued)
Informasi yang berkaitan dengan segmen Information concerning the geographical segments
geografis Bank disajikan dalam tabel di bawah ini: of the Bank are set out in the tables below:
(lanjutan) (continued)
31 Desember/31 December 2022
Jawa Timur
Jakarta/ Sumatera/ dan Bali/ Total
Jakarta Sumatera East Java
and Bali
Laporan laba rugi Statement of profit or loss
dan penghasilan and other comprehensive
komprehensif lain income
Pendapatan* 5.289.219 616.989 642.034 6.548.242 Income*
Laporan posisi keuangan Statement of financial position
Jumlah aset 109.549.390 13.996.909 14.729.808 138.276.107 Total assets
* Pendapatan terdiri dari Pendapatan bunga neto, Pendapatan operasional lainnya, dan * Income consists of Interest income-net, Other operating income, and Non-operating income.
Pendapatan non-operasional.
** Beban terdiri dari Gaji dan kesejahteraan karyawan dan Beban umum dan administrasi. ** Expense consists of Salaries and employee’s benefits and General and administrative expenses.
44. Penitipan Harta 44. Custodianship
Bank juga memberikan jasa penitipan harta. Total The Bank engages in the provision of custodial
uang jasa yang diterima dari pemberian jasa ini services. Total fees received from custodial
pada tanggal 31 Desember 2023 dan 2022 services as of 31 December 2023 and 2022
adalah masing-masing sebesar Rp6.708 dan amounted to Rp6,708 and Rp7,513, respectively.
Rp7.513. Pada tanggal 6 Juli 2010, Bank telah On 6 July 2010, the Bank has obtained a Decree of
memperoleh Surat Keputusan Badan Pengawas the Capital Market and Financial Institutions
Pasar Modal dan Lembaga Keuangan No. KEP- Supervisory Agency No. KEP-287/BL/2010 about
287/BL/2010 tentang Penetapan Penggunaan The Stipulation of Use of Approval of Commercial
Persetujuan Bank Umum Sebagai Kustodian atas Bank as Custodian on behalf of PT Bank UOB
nama PT Bank UOB Indonesia. Indonesia.
45. Tambahan Informasi Arus Kas 45. Supplementary Cash Flow Information
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing
pendanaan pada laporan arus kas adalah sebagai activities in the cash flow statement are as follows:
berikut:
Arus kas/Cash flows Perubahan
1 Januari/ non-kas/ Selisih kurs/ 31 Desember/
1 January Penerimaan/ Pembayaran/ Non-cash Foreign 31 December
2023 Proceeds Payment changes exchange 2023
Efek utang yang
diterbitkan - neto 1.595.668 - (155.000) 2.755 - 1.443.423 Debt securities issued - net
Liabilitas sewa 83.516 - (60.087) 164.109 - 187.538 Lease liabilities
Total 1.679.184 - (215.087) 166.864 - 1.630.961 Total
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 yang dijual Securities sold under
dengan janji dibeli kembali 12.878 - (12.981) - 103 - agreements to repurchase
Efek utang yang
diterbitkan - neto 1.498.366 100.000 - (2.698) - 1.595.668 Debt securities issued - net
Liabilitas sewa 58.708 - (52.542) 77.350 - 83.516 Lease liabilities
Total 1.569.952 100.000 (65.523) 74.652 103 1.679.184 Total
197
Page 572
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
46. Standar Akuntansi yang Telah Disahkan 46. Accounting Standards Issued but not yet
Namun Belum Berlaku Efektif Effective
Standar akuntansi yang telah diterbitkan sampai The accounting standards that have been issued
tanggal penerbitan laporan keuangan Bank up to the date of issuance of the Bank’s financial
namun belum berlaku efektif diungkapkan berikut statements, but not yet effective are disclosed
ini. Manajemen bermaksud untuk menerapkan below. The management intends to adopt these
standar-standar tersebut yang dipertimbangkan standards that are considered relevant to the Bank
relevan terhadap Bank pada saat efektif, dan when they become effective, and the impact to the
dampaknya terhadap posisi dan kinerja keuangan financial position and performance of the Bank is
Bank masih diestimasi pada tanggal penerbitan still being estimated as at the authorisation date of
laporan keuangan ini. this financial statements.
Efektif berlaku pada atau setelah tanggal Effective on or after 1 January 2024
1 Januari 2024
Pilar Standar Akuntansi Keuangan Financial Accounting Standards Pillars
Standar ini memberikan persyaratan dan These standards provides requirements and
pedoman bagi entitas untuk menerapkan standar guidelines for entities to apply the correct financial
akuntansi keuangan yang benar dalam menyusun accounting standards in preparing general purpose
laporan keuangan bertujuan umum. Akan ada 4 financial statements. There will be 4 (four) financial
(empat) standar akuntansi keuangan yang saat ini accounting standards that are currently applied in
diterapkan di Indonesia, yaitu: Indonesia, namely:
- Pilar 1 Standar Akuntansi Keuangan - Pillar 1 International Financial Accounting
Internasional, Standards,
- Pilar 2 Standar Akuntansi Keuangan - Pillar 2 Indonesian Financial Accounting
Indonesia (PSAK), Standards (PSAK),
- Pilar 3 Standar Akuntansi Keuangan - Pillar 3 Indonesian Financial Accounting
Indonesia untuk Entitas Swasta/Standar Standards for Private Entities/Indonesian
Akuntansi Keuangan Indonesia untuk Entitas Financial Accounting Standards for Entities
Tanpa Akuntabilitas Publik, dan without Public Accountability, and
- Pilar 4 Standar Akuntansi Keuangan - Pillar 4 Indonesian Financial Accounting
Indonesia untuk Entitas Mikro Kecil dan Standards for Micro Small and Medium
Menengah. Entities.
Standar Akuntansi Keuangan Internasional International Financial Accounting Standard
Standar ini merupakan adopsi penuh dari This standard is a full-adoption of International
International Financial Reporting Standards Financial Reporting Standards (“IFRS”) which is
(“IFRS”) yang diterjemahkan kata demi kata dan translated in a word-for-word basis and there is no
tidak ada modifikasi dari Standar IFRS, termasuk modifications from IFRS Standards, including the
tanggal efektifnya. Entitas yang memenuhi effective date. Entities that meet the requirements
persyaratan dapat menerapkan standar ini, sejak can apply this standard, from the effective date.
tanggal efektif.
Nomenklatur Standar Akuntansi Keuangan Financial Accounting Standards Nomenclature
Standar ini ini mengatur penomoran baru untuk This standard regulates the new numbering for
standar akuntansi keuangan yang berlaku di financial accounting standards applicable in
Indonesia yang diterbitkan oleh DSAK IAI. Indonesia issued by DSAK IAI.
198
Page 573
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
46. Standar Akuntansi yang Telah Disahkan 46. Accounting Standards Issued but not yet
Namun Belum Berlaku Efektif (lanjutan) Effective (continued)
Efektif berlaku pada atau setelah tanggal Effective on or after 1 January 2024 (continued)
1 Januari 2024 (lanjutan)
Amandemen PSAK 1: Liabilitas Jangka Panjang Amendment of PSAK 1: Non-current Liabilities with
dengan Kovenan Covenants
Amandemen ini menentukan persyaratan untuk The amendments specify the requirements for
mengklasifikasikan suatu liabilitas sebagai jangka classifying liabilities as current or non-current and
pendek atau jangka panjang dan menjelaskan: clarify:
hal yang dimaksud sebagai hak untuk what is meant by a right to defer settlement,
menangguhkan pelunasan,
hak untuk menangguhkan pelunasan harus the right to defer must exist at the end of the
ada pada akhir periode pelaporan, reporting period,
klasifikasi tersebut tidak dipengaruhi oleh classification is not affected by the likelihood
kemungkinan entitas akan menggunakan that an entity will exercise its deferral right, and
hakya untuk menangguhkan liabilitas, dan
hanya jika derivatif melekat pada liabilitas only if an embedded derivative in a convertible
konversi tersebut adalah suatu instrumen liability is an equity instrument would the terms
ekuitas, maka syarat dan ketentuan dari suatu and conditions of a liability will not impact its
liabilitas konversi tidak akan berdampak pada classification.
klasifikasinya.
Selain itu, persyaratan telah diperkenalkan untuk In addition, a requirement has been introduced to
mewajibkan pengungkapan ketika suatu require disclosure when a liability arising from a loan
kewajiban timbul dari pinjaman perjanjian agreement is classified as non-current and the
diklasifikasikan sebagai tidak lancar dan hak entity’s right to defer settlement is contingent on
entitas untuk menunda penyelesaian bergantung compliance with future covenants within twelve
pada kepatuhan terhadap persyaratan di masa months.
depan dalam waktu dua belas bulan.
Amendemen tersebut berlaku efektif untuk The amendments are effective for annual reporting
periode pelaporan tahunan yang dimulai pada periods beginning on or after 1 January 2024
atau setelah tanggal 1 Januari 2024 secara retrospectively with early adoption permitted.
retrospektif dengan penerapan dini
diperkenankan.
The Bank is currently assessing the impact of the
Bank saat ini sedang menilai dampak dari amendment to determine the impact they will have
amandemen tersebut untuk menentukan on the Bank’s financial reporting.
dampaknya terhadap pelaporan keuangan Bank.
Amandemen PSAK No. 73: Liabilitas Sewa dalam Amendment of PSAK No. 73: Lease liability in a
Jual Beli dan Sewa-balik Sale and Leaseback
Amandemen PSAK No. 73 Sewa menetapkan The amendment to PSAK No. 73 Leases specifies
persyaratan yang digunakan penjual-penyewa the requirements that a seller-lessee uses in
dalam mengukur kewajiban sewa yang timbul dalam measuring the lease liability arising in a sale and
transaksi jual beli dan sewa-balik, untuk leaseback transaction, to ensure the seller-lessee
memastikan penjual-penyewa tidak mengakui does not recognise any amount of the gain or loss
jumlah setiap keuntungan atau kerugian yang terkait that relates to the right of use it retains.
dengan hak guna yang dipertahankan.
199
Page 574
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
46. Standar Akuntansi yang Telah Disahkan 46. Accounting Standards Issued but not yet
Namun Belum Berlaku Efektif (lanjutan) Effective (continued)
Efektif berlaku pada atau setelah tanggal Effective on or after 1 January 2025
1 Januari 2025
Amendemen PSAK No. 10: “Pengaruh SFAS No. 10: “The Effect of Changes in Foreign
Perubahan Kurs Valuta Asing tentang Exchange Rates on the Lack of Convertibility”.
Kekurangan Ketertukaran”.
Standar tersebut akan berlaku efektif pada The above standards will be effective on 1 January
tanggal 1 Januari 2025 dan penerapan dini 2025 and early adoption is permitted.
diperbolehkan.
Pada saat penerbitan laporan keuangan, Bank As at the authorisation date of this financial
masih mempelajari dampak yang mungkin timbul statements, the Bank is still evaluating the potential
dari penerapan standar akuntansi baru dan revisi impact of these new and revised accounting
tersebut serta pengaruhnya pada laporan standards to the financial statements of the Bank.
keuangan Bank.
47. Analisis Kualitas Kredit 47. Credit Quality Analysis
Pengukuran kerugian kredit ekspektasian Measurement of expected credit losses
Peningkatan risiko kredit secara signifikan Significant increase in credit risk
Ketika menentukan apakah risiko gagal bayar When determining whether the risk of default on
pada instrumen keuangan telah meningkat financial instruments has increased significantly
secara signifikan sejak pengakuan awal, Bank since initial recognition, the Bank considers
memperbangkan informasi yang wajar dan reasonable and supported relevant information that
relevan yang mendukung dan tersedia tanpa is available without excessive costs or efforts. This
biaya atau upaya yang berlebihan. Hal tersebut includes quantitative and qualitative information
mencakup informasi dan analisa kuantitatif dan and analysis, based on historical experience and
kualitatif, berdasarkan pada pengalaman historis credit expert assessments and including forward-
dan penilaian pakar kredit dan termasuk looking estimates.
perkiraan masa depan.
Tujuan dari penilaian ini adalah untuk The purpose of this assessment is to identify
mengidentifikasi apakah peningkatan risiko kredit whether a significant increase in credit risk of
secara signifikan atas eksposur telah terjadi exposure has occurred by comparing:
dengan membandingkan:
Probability of default (PD) atas umur tersisa Probability of default (PD) for the remaining
pada tanggal pelaporan; dengan tenor at the reporting date; with
Probability of default (PD) atas umur tersisa Probability of default (PD) for the estimated
yang di estimasi pada saat pengakuan awal remaining tenor at initial recognition of the
eksposur (jika relevan, disesuaikan dengan exposure (if relevant, adjusted for change in
perubahan ekspektasi pembayaran di muka). expectations of prepayment).
Bank menggunakan kriteria berikut dalam The Bank uses these criterias for determining
menentukan apakah peningkatan risiko kredit whether there has been a significant increase in
secara signifikan atas eksposur tersebut telah credit:
terjadi:
Tertunggak lebih dari 30 hari; Days past due above 30 days;
Dalam Perhatian Khusus (DPK) berdasarkan Special Mention based on OJK 3 pillars;
OJK 3 pilar;
Kredit yang direstrukturisasi; dan Loan restructure; and
Termasuk dalam kategori Watchlist (with Included as part of Watchlist (with High Risk).
High Risk).
200
Page 575
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
47. Analisis Kualitas Kredit (lanjutan) 47. Credit Quality Analysis (continued)
Pengukuran kerugian kredit ekspektasian Measurement of expected credit losses
(lanjutan) (continued)
Penentuan struktur probability of default Determination of the probability of default
structure
Bank menggunakan model statistik untuk The Bank uses a statistical model to analyze the
menganalisa data yang dikumpulkan dan collected data and produce an estimate of the
menghasilkan perkiraan probability of default probability of default (PD) for the remaining life and
(PD) atas umur tersisa dan bagaimana hal ini how this is expected to change as a result of the
diperkirakan akan berubah sebagai akibat dari passage of time.
berlalunya waktu.
Penentuan terjadinya peningkatan risiko Determination of significant increase in credit
kredit secara signifikan risk
Bank menggunakan sejumlah kriteria untuk The Bank uses several criterias for determining
menentukan telah terjadi peningkatan risiko kredit that credit risk has increased significantly.
secara signifikan.
Kriteria tersebut ditetapkan menggunakan faktor The criterias are determined using qualitative and
kuantitatif dan kualitatif termasuk penentuan quantitative factors including determination based
berdasarkan status hari tunggakan yang dapat on arrear day status that can indicate significant
mengindikasikan telah terjadi peningkatan risiko increase in credit risk since initial recognition.
kredit yang signifikan terhadap saat awal
diberikan.
Bank menggunakan penilaian dari analis kredit The Bank also uses the judgment of credit analysts
dan pengalaman historis yang relevan, dalam and, if possible, relevant historical experience, in
menentukan bahwa eksposur mungkin saja telah determining that the exposure may have
mengalami peningkatan risiko kredit yang experienced a significant increase in credit risk
signifikan berdasarkan indikator kualitatif tertentu based on certain qualitative indicators that are
yang dianggap dapat mengindikasikan hal considered to indicate this and their effects may not
tersebut dimana pengaruhnya mungkin belum be fully reflected in quantitative analysis in a
sepenuhnya tercermin pada saat dilakukan comprehensive manner on a timely manner.
analisis kuantitatif.
Bank menentukan bahwa peningkatan risiko The Bank determines that a significant increase in
kredit secara signifikan belum terjadi apabila credit risk has not occurred if it is still less than 30
masih kurang dari 30 hari tunggakan. Hari days in arrears. Arrear days are determined by
tunggakan ditentukan dengan menghitung jumlah counting the number of days from the initial due
hari sejak tanggal jatuh tempo awal dimana date where full payment has not been received.
pembayaran penuh belum diterima. Tanggal jatuh The due date is determined without considering the
tempo ditentukan tanpa mempertimbangkan grace period that might be available to the
masa tenggang yang mungkin tersedia bagi borrower.
peminjam.
Bank memantau efektivitas kriteria yang The Bank monitors the effectiveness of the criteria
digunakan dalam mengidentifikasi peningkatan used in identifying significant increases in credit
risiko kredit yang signifikan dengan cara reviu risk by periodic review.
berkala.
201
Page 576
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
47. Analisis Kualitas Kredit (lanjutan) 47. Credit Quality Analysis (continued)
Pengukuran kerugian kredit ekspektasian Measurement of expected credit losses
(lanjutan) (continued)
Modifikasi aset keuangan Modification of financial assets
Ketentuan kontraktual pinjaman dapat Loan contractual terms can be modified for a
dimodifikasi untuk beberapa alasan, termasuk number of reasons, including changes in market
perubahan kondisi pasar, retensi pelanggan dan conditions, customer retention and other factors
faktor-faktor lain yang tidak terkait dengan not related to the current credit decline. Loans with
penurunan kredit. Pinjaman yang ketentuan modified contractual terms can cause the initial
kontraktualnya dimodifikasi dapat menyebabkan loan to be derecognized and recognized the
pinjaman awal dihentikan pengakuannya dan modified loan as a new loan at fair value.
pinjaman hasil modifikasi diakui sebagai pinjaman
baru pada nilai wajar.
Definisi gagal bayar (default) Definition of failed payment (default)
Bank menganggap aset keuangan dalam The Bank considers financial assets as default
keadaan default/gagal bayar ketika: when:
Debitur tidak mungkin membayar kewajiban The debtor is unlikely to pay its credit
kreditnya secara penuh, tanpa bantuan obligation in full, without assistance (recourse)
(recourse) dari Bank; atau from the Bank; or
Debitur telah melewati jatuh tempo lebih dari The debtor has past due more than 90 days for
90 hari atas kewajiban kredit material apa any material credit obligations to the Bank.
pun kepada Bank.
Kualitatif seperti pelanggaran persyaratan Qualitative such as violations of the terms of
perjanjian (kovenan); dan the agreement (covenants); and
Kuantitatif seperti status tunggakan. Quantitative such as arrears status.
Input, asumsi, dan teknik yang digunakan Inputs, assumptions, and techniques used in
dalam mengestimasi penurunan nilai estimating impairment
Penggunaan informasi perkiraan masa depan Use of forward-looking information
(forward-looking)
Bank menggunakan informasi forward-looking The Bank uses forward-looking information in
dalam menilai apakah telah terjadi peningkatan assessing whether there has been a significant
risiko kredit secara signifikan dan pengukuran increase in credit risk and measurement of
kerugian kredit ekspektasian. Berdasarkan saran expected credit losses. Based on advice from
dari pakar ekonomi dan pertimbangan berbagai economists and consideration of various actual
informasi aktual dan perkiraan eksternal, Bank information and external forecast, the Bank
merumuskan pandangan dasar (base case) formulated a base case for the movement of
tentang pergerakan variabel ekonomi yang relevant economic variables in future as well as
relevan di masa depan serta perkiraan skenario forecasts of other possible scenarios. This process
lain yang mungkin terjadi. Proses ini meliputi involves developing two or more additional
pengembangan dua atau lebih skenario ekonomi economic scenarios and considering the relative
tambahan dan mempertimbangkan probabilitas probabilities of the possible outputs. External
relatif dari keluaran (output) yang mungkin. information includes economic data and estimation
Informasi eksternal mencakup data ekonomi dan published by, such as government agencies and
perkiraan yang diterbitkan oleh, seperti badan selected private sector analysts and academics.
pemerintah dan analis sektor swasta dan
akademisi terpilih.
202
Page 577
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
47. Analisis Kualitas Kredit (lanjutan) 47. Credit Quality Analysis (continued)
Pengukuran kerugian kredit ekspektasian Measurement of expected credit losses
(lanjutan) (continued)
Input, asumsi, dan teknik yang digunakan Inputs, assumptions, and techniques used in
dalam mengestimasi penurunan nilai (lanjutan) estimating impairment (continued)
Penggunaan informasi perkiraan masa depan Use of forward-looking information
(forward-looking)
Pandangan dasar (base case) mencerminkan The base case reflects the output with the highest
keluaran dengan probabilitas yang paling tinggi probability and is used in strategic planning and
dan digunakan dalam perencanaan strategis dan budgeting. Another scenario, reflects more
anggaran. Skenario yang lain, mencerminkan optimistic outputs and/or more pessimistic outputs.
keluaran yang lebih optimis dan keluaran yang
lebih pesimis.
Bank menggunakan berbagai variabel makro The Bank uses various macro-economic variables
ekonomi (MEV) untuk memperkirakan masa (MEV) to estimate the forward-looking, such as
depan (forward-looking), antara lain Jakarta Jakarta Interbank Offered Rate (JIBOR) 1-month,
Interbank Offered Rate (JIBOR) 1-bulan, Gross Domestic Product (GDP) growth,
pertumbuhan Produk Domestik Bruto (PDB), unemployment rate, inflation rate and House Price
tingkat pengangguran, tingkat inflasi dan House Index (HPI).
Price Index (HPI).
Input utama dalam pengukuran kerugian kredit The main inputs in measuring expected credit loss
ekspektasian adalah variabel berikut : are the following variables:
- Probability of default (PD). - Probability of default (PD).
- Loss of given default (LGD). - Loss of given default (LGD).
- Exposure at default (EAD). - Exposure at default (EAD).
Parameter ini umumnya berasal dari model These parameters generally come from statistical
statistik yang dikembangkan secara internal dan models that are developed internally and other
data historis lainnya. historical data.
PD adalah tingkat kemungkinan kegagalan PD is the probability of debtor failure to fulfill the
debitur memenuhi kewajiban. obligations.
LGD adalah besarnya tingkat kerugian yang LGD is the amount of loss caused by the debtor's
diakibatkan kegagalan debitur memenuhi failure to meet the obligations which can be
kewajiban yang dapat diukur berdasarkan measured based on several approaches including
beberapa pendekatan antara lain Expected Expected Recoveries, Collateral Shortfalls, and
Recoveries, Collateral Shortfall, dan Loss on Loss on Disposal.
Disposal.
EAD dipandang sebagai estimasi atas sejauh EAD is seen as an estimation of the extent to which
mana suatu bank dapat terpapar oleh suatu a bank may be exposed to a counterparty in the
counterparty ketika counterparty tersebut event of, and at the time of, that counterparty’s
mengalami gagal bayar. EAD sama dengan default. EAD is equal to the current amount
jumlah saat ini yang belum dilunasi dalam hal outstanding in case of fixed exposures such as
eksposur tetap seperti pinjaman berjangka. Untuk term loans. For revolving exposures like lines of
eksposur berulang seperti kredit, EAD dapat credit, EAD can be divided into drawn and undrawn
dibagi menjadi drawn dan undrawn commitments, commitments; typically the drawn commitment is
biasanya drawn commitments diketahui known whereas the undrawn commitment needs to
sedangkan undrawn commitments perlu be estimated to arrive at a value of EAD.
diperkirakan sampai pada nilai EAD.
203
Page 578
The original financial statements included herein are in the Indonesian
language.
PT BANK UOB INDONESIA PT BANK UOB INDONESIA
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 As of 31 December 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)
47. Analisis Kualitas Kredit (lanjutan) 47. Credit Quality Analysis (continued)
Pengukuran kerugian kredit ekspektasian Measurement of expected credit losses
(lanjutan) (continued)
Input, asumsi, dan teknik yang digunakan Inputs, assumptions, and techniques used in
dalam mengestimasi penurunan nilai (lanjutan) estimating impairment (continued)
Penggunaan informasi perkiraan masa depan Use of forward-looking information (continued)
(forward-looking) (lanjutan)
Ketika pemodelan parameter dilakukan secara When parameter modeling is done collectively,
kolektif, instrumen keuangan dikelompokkan financial instruments are grouped according to:
berdasarkan:
- Aset dapat dikelompokkan berdasarkan - Assets may be grouped based on shared risk
karakteristik risiko bersama; dan characteristics; and
- Hasil evaluasi harus konsisten terlepas dari - The outcome of the evaluation shall be
apakah aset dievaluasi secara individual atau consistent regardless of whether the asset is
sebagai bagian dari grup. evaluated individually or as part of a group.
48. Penyelesaian Laporan Keuangan 48. Completion of the Financial Statements
Manajemen bertanggung jawab atas penyajian The management is responsible for the preparation
laporan keuangan yang telah diselesaikan dan of financial statements which were completed and
diotorisasi untuk terbit oleh Direksi Bank pada authorized for issuance by the Bank’s Board of
tanggal 28 Februari 2024. Directors on 28 February 2024.
204
Page 579
PT Bank UOB Indonesia Head Office UOB Plaza Jl. M.H. Thamrin No. 10 Jakarta 10230 Tel. (62) 21 2350 6000 Fax. (62) 21 2993 6632 Facebook: UOB Indonesia Instagram: uob.id YouTube: UOB Indonesia www.uob.co.id
Names mentioned 171 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Bank UOB Indonesia Annual
p.1
unresolved
org
Financial Services Authority
p.2 ×8
unresolved
org
Bank Indonesia
p.8 ×24
unresolved
org
Indonesia Stock Exchange
p.11 ×2
unresolved
org
Ministry of Investment
p.23
unresolved
—
Susilo
· Independent Commissioner
p.26
unresolved
person
VJH
p.26
unresolved
org
Business Scale
· Company Name
p.36
unresolved
org
ATMs Limited
p.36
unresolved
person
Eliza Pondaag S.H.
· Notaris
p.36
unresolved
org
Minister of Justice
p.36
unresolved
org
Minister of Law and Human
p.36
unresolved
org
UOB International Investment Private Limited
p.36 ×2
unresolved
org
Yayasan Kesejahteraan Nusantara
p.36 ×3
unresolved
org
PT Bank Buana Indonesia Indonesia’s Name
p.39
unresolved
org
Bank UOB Buana Tbk
p.39 ×5
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PT Bank Buana Indonesia
p.39 ×2
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PT Bank UOB
p.40
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Investment Private Limited
p.40 ×2
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PT Sari Desa Karsa.
p.40
unresolved
org
PT Bank UOB Indonesia. Bonds I. Pembinaan Nasional
p.40
unresolved
org
PT Bank Buana Indonesia Implementation
p.40
unresolved
org
Core Tbk
p.40
unresolved
org
Foreign Exchange Bank. Limited
p.40
unresolved
org
PT Prudential
p.41
unresolved
person
Joko
p.41
unresolved
org
PT Chandra Asri
p.41
unresolved
org
PT Sompo Insurance
p.41
unresolved
org
Bank Indonesia Certificates
p.44
unresolved
org
Dana Pensiun Lembaga
p.45
unresolved
org
Bank Draft
p.47
unresolved
org
Work Experience Joined United Overseas Bank Limited
p.50
unresolved
person
Educational Background
· President Commissioner
p.50 ×2
unresolved
org
PT Sumber Abadi Tirtasentosa
p.51
unresolved
org
PT Bhakti Securities
p.51
unresolved
person
Drs. Hadi Sutanto
p.51
unresolved
org
PT Sucorinvest Asset Management
p.52
unresolved
org
PT Jayatama Prima Distribusi
p.52
unresolved
org
PT Gulf Mangan Grup
p.52
unresolved
org
PT Sucor Sekuritas
p.52
unresolved
org
PT Sucorinvest Central Gani
p.52
unresolved
org
Asia Kapitalindo Securities Tbk
p.52 ×2
unresolved
org
PT Asia Kapitalindo Finance
p.52
unresolved
org
PT Danamon GT Management
p.52
unresolved
org
PT Jakarta Assetama Age
p.52
unresolved
org
PT Danamon Securities
p.52
unresolved
org
PT Chase Leasing Indonesia
p.52
unresolved
person
Notary Aryanti Artisari
p.52
unresolved
org
Ministry of Law and Human Rights
p.52
unresolved
org
PT Schroders Investment Management Indonesia
p.53
unresolved
org
Overseas Union Bank Limited
p.53
unresolved
org
Trimegah Securities Tbk
p.54 ×2
unresolved
org
Bank Singapore
p.54
unresolved
org
PT Bank Niaga
p.54
unresolved
org
Manajemen Internasional
· Director
p.54
unresolved
org
PT Bank ANZ Indonesia
p.55
unresolved
org
PT Standard Chartered Bank
p.55
unresolved
org
PT Rabobank International Indonesia
p.55
unresolved
org
America Corporation
p.55
unresolved
org
PT GE Finance Indonesia
p.55
unresolved
org
Bank Thailand
p.56
unresolved
person
Romania
· Director
p.56
unresolved
org
PT Bank BII Commonwealth
p.56
unresolved
org
Profile United Overseas Bank Limited
p.58
unresolved
org
PT BankReport UOB Indonesia
p.59
unresolved
org
Bank Annual UOBReport Indonesia
p.59
unresolved
org
Up Capital
p.61
unresolved
org
Singapore United Overseas Bank Limited
p.61 ×2
unresolved
org
Limited, Singapore
p.61 ×2
unresolved
org
Institutions United Overseas Bank Limited
p.61 ×2
unresolved
org
Singapore
p.61 ×2
unresolved
—
HSBC (Singapore
p.63
unresolved
org
Nominees Pte Ltd
p.63
unresolved
org
PT Bank UOB Indonesia Other Shareholders
p.63
unresolved
org
Bank UOB Indonesia Senior
p.64 ×2
unresolved
org
PT Raya Saham Registra
p.65
unresolved
org
Kantor Notaris Aulia Taufani S.
p.65
unresolved
org
PT Fitch Ratings Indonesia
p.65
unresolved
org
Bank Indonesia Issuing Agency
p.66
unresolved
org
PT Cipta Piranti Sustainable Finance
p.66
unresolved
org
PT Indotruck Types
p.66
unresolved
org
PT Bank Rakyat Indonesia US
p.66
unresolved
org
PT Sany Heavy
p.66
unresolved
org
PT Visi Award Name
p.66
unresolved
org
PT Permata Karya Perdana
p.66
unresolved
org
PT Astrindo UOB Indonesia
p.66
unresolved
org
Bank Saving Account
p.66
unresolved
org
PT Bhumyamca KBMI
p.66
unresolved
org
Minister of Health
p.66
unresolved
org
PT Wahana Citra Nabati
p.66 ×2
unresolved
org
Bank KBMI
p.66 ×3
unresolved
org
PT Merdeka Tsingshan PPKM Award
p.66
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org
Bank Conventional KBMI
p.66
unresolved
org
PT Tiga Jaya Types
p.66
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H. Thamrin
p.68 ×4
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Ir. H. Juanda
p.68 ×3
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Dr. Wahidin
p.70
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H. Samanhudi
p.72
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K.H. Fahruddin
p.72
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K.H. Wahid Hasyim
p.72 ×2
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Bank Indonesia’s
p.80
unresolved
org
Bank Indonesia’s BI FAST
p.94
unresolved
org
Ministry of Finance.
p.96
unresolved
org
Bank Awards
p.97
unresolved
org
PT Cipta Piranti Sejahtera
p.97
unresolved
org
PT Indotruck Utama
p.97
unresolved
org
PT Sany Heavy Industry Indonesia
p.97
unresolved
org
PT Astrindo Senayasa
p.97
unresolved
org
PT Bhumyamca Sekawan
p.97
unresolved
org
PT Merdeka Tsingshan Indonesia
p.97
unresolved
org
PT Tiga Jaya
p.97
unresolved
org
PT BANK UOB INDONESIA CATATAN ATAS
p.390 ×14
unresolved
org
Bapepam
p.392 ×8
unresolved
org
Biaya United Overseas Bank Ltd.
p.518
unresolved
org
Liabilitas United Overseas Bank Ltd.
p.518
unresolved
org
Acceptance United Overseas Bank Ltd.
p.518
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org
Shanghai United Overseas Bank Ltd.
p.518
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